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oct it m
&. AO*
ibrMN
MONDAY
P, p. fat. Om<* j
Number 4117
Volume 1^6
v.:
New York, N. Y.,
-
STATE
Monday, October 19, 1942
CITY
AND
i
;
Price 60 Cents
,
Copy
a
DEPARTMENT
BOND PROPOSALS AND NEGOTIATIONS
Peabody & Co., Lazard Freres &
Co., Paine, Webber, Jackson &
/n This Issue
Curtis, Stone
& Webster and
Blodget,; Inc., Union Securities
Corp., B. J. Van Ingen & Co., East¬
man, Dillon & Co., Equitable Se*
curities
Corp., Harvey Fisk
&
Sons, E. F. Hutton & Co., Rey¬
nolds & Co., E. H..Rollins & Sons,
Roosevelt & Weigold, L. F. Roths¬
child & Co., A. C. Allyn & Co.,
Charles Clark & Co., Kean, Tay¬
lor-" & Co., all of New York, R. S.
Dickson & Co., of Charlotte; Geo.
B.. Gibbons & Co., Inc.,: of New
Vork; McDonald-Coolidge & Co.,
of Cleveland, and Putnam & Co.,
of Hartford, was the successful
bidder
for. the ■ $500,000 Series
(First Issqe) bonds, at 100,00, a net
interest cost of 1.8384%, as fol¬
lows: For $33,000 maturing April
Corporation News
State and City News
QUOTATIONS
New York Stock Exchange
New York
Curb
Exchange
Out-of-Town Listed Markets
Unlisted Securities
Miscellaneous
(See Index Below)
ARIZONA
v ••
toe Angeles Housing Authority,
Calif,
Agricultural Im»
Salt River Project
•
provement and Power District
(P. Q. Phoenix), Ariz,
1943 Maturities Tq Be Retired
Without Refunding: — A. W.''Mc?
;
Grath, Assistant Secretary, reports
Bond Sale
—
')■
•
■
A syndicate com¬
posed of Phelps, Fenn & Co.,
Blyth & Co., Goldman, Sachs &
Co., First Boston Corp., Harriman
Ripley & Co., Incs, Lehman Bros.,
F. S. Moseley & Co., R. W. Press-
rek
;prich
& Co,,: Smith, Barney &
fund but 1943,maturities, but will
Co.,
Bacon,
Stevenson
& Co.,
pay same in cash as they fall due* Blair & Co., Inc., Estabrook & Co.,
We at one time contemplated a
Graham; Parsons & Co., Kidder,
"that at this time we will not
r
bond issue in order to change pur
'
1
Peabody & Co., Lazard Freres &
system from 25 cycle to. 60 Co.,; Paine, Webber, Jackson ~ &
i cycle.
However, due to shortage Curtis,
Stone
&
Webster and
i in materials and priorities this Blodget,
Inc.," Union Securities
I would be out of the question at Corp., B. J; Van Ingeh & Co., East¬
this time.";■ „;.';f'-.••■
man, Dillon & CoV, Equitable Se¬
curities
Corp., Harvey Fisk &
CALIFORNIA
Sons, E, F. Hutton & Co., Rey^
holds & Co.1, E. H. Rollins &• Sons,
Fresno Housing A uthority, Calif.
Bond
Sale—A syndicate com- Roosevelt & Weigold, L. F, Roths;
posed of Phelps, Fenn. & Co., child ,& Co., A. C. Allyn & Co.,
Blyth & Co., Goldman, Sachs & Charles Clark & Co., Kean, Tayr
lor & Co., all of New York;.Rv S,
Co., First Boston Corp., Harriman
Dickson & Co., of Charlotte; Geo.
Ripley & Co., Inc., Lehman Bros.,
B, Gibbons & Co., Inc., of New
F. S. Moseley & Co., R. W. Pressprich & Co., Smith, Barney, & York; McDonald-Coolidge .& Co.,
of Cleveland,. and Putnam & Co.,
Co.,
Bacon,
Stevenson & Co.,
Blair & Co., Inc., Estabrook & Co., of Hartford, was the successful
Graham, Parsons &c Co., Kidder, bidder for the $520,000 Series A
Peabody & Co., Lazard Freres & (First Issue) bonds, at. 100.00, a
Co.; Paine, Webber, Jackson & net interest cost of J.88936%, as
Curtis,- Stone. &. Webster
and follows: For $35,000. maturing
Blodget, Inc., Union Securities April 1, 1943 as 4%s, $37,000 ma¬
Corp., B. J. Van Ingen & Co., East¬ turing April 1, $12;000 in 1944 and
1945, $13,000-in 1946 as 2%s, $26,man; Dillon & Co., Equitable. Se¬
curities ; Corp.,
Harvey Fisk- & 000 maturing April 1,,$12,000 in
Sons, p. .F.. Hutton & Co., Rey¬ 1947, $1.4,000 in 1948 as 2s, $236,nolds & Co., E. H. Rollins & Sons, 000 maturing April 1, $13,000 in
Roosevelt & Weigold, L, F." Roths- 1949, $14,000 in 1950 to 1952, $15,000 in 1953 to 1955, $16,000 in 1956
! child & Co./ A.: C. Allyn & Co.,
Charles Clark .& Co., Kean, Tay- to 1958, $17,000 in 1959 and 1960,
ior & Co., all of TSfew Yorkf R. S. $18,000 in 1961 to 1963 as 1.90s,
Dickson & Co., of Charlotte; Geo. $78,000 maturing April 1, .$19,000
in .1964 and 1965, $20,000 in 1966
B. Gibbons & Co., Inc., of New
Vork; McDonald-Coolidge & Co., and.. 1967 as 1.80s,£ and; $108,000
power
<
1, 1943, as 4V2S, $36,000 maturing
$12,000 April l;~ 1944 to 1946, as
2V4S, $38,000/ maturing April 1,
$12,000; in 1947, $13,000 : in 1948
and 1949, as-2s;, $33Q,000 maturing
April 1, $13,000 in 1951, $14,000
in 1952 and 1953,, $.15,000 in 1954
to i957, $16,000 in 1958 and 1959,
$17,00Q in 1960 to 1962, $18,000 in
1963 to 1965, $19,000 in 1966, $20,000 in 1967, $19,000 |n 1968, $21,000 in 1969,. as 1.80s, ana $63,000
maturing April 1, $20,000 in 1970,
1972, as
,
•
.
of
April''<4'^.'$2i,600;'Ini>1968
maturing
of
to
Cleveland, arid Putnam & Co.,
Hartford, was the successful
bidder for the $83,000 Series A
(First Issue) bonds, - at 100.00; at
net interest cost of 1.65606%, as
follows:
For
$13,000
maturing
„
April 1,1943, as 4%s, $9,000' matur¬
ing April 1, $4,000 in 1944, $5,000 in
1945, as \2%s; $33,000 maturing
April 1, $4,000 in 1940, $5,000 in
1947, $4,000 in 1948, $5,000 in 1949
to 1952, as
turing
13/4S, and $28,000 ma^
April
1,* $6,000
•
COLORADO
:,
\Denver Housing Authority, Colo,
Bond Sale—- A
syndicate com¬
posed of Phelps, Fenn -& Co.,
Blyth & Co.; Goldman,'' Sachs &
Co., First Boston Corp., Harrimari
Ripley & Co., Inc., Lehman Bros.-,
F. S.-Moseley & Co., R. W. Press-
.
v
Co.,*
&
•
Co".,
Bacon,
Smith,
Barney .&
Stevenson
&
Co.,
$6,000 in 1957, as Blair & Co., Jnc., Estabrook & Co.,
'
.
— The $244,special assessment refunding
-
bonds sold to Boettcher & Co. of
Denver, as reported in v. 156, p.
1281,- were purchased by the bank¬
ers; at par, bear interest at rates
from 1 Vi % to ^ 2 V2 %, are dated
Nov. -1, 1942, maturing May 1,
1956, and are callable at any time
on 30 days' notice.
-
•
.
•'
,
$49,000 in 1952; as 2V4s, $1,180,000
maturing April 1, $49,000 in 1953,
$51,000 in 1954 and 1955, $52,000
in 1956, $53,000 in 1957, $54,000
in 1958, $56,000 in 1959 and 1960,
$57,000 in 1961, $58,000 in 1962,
$59,000 in 1963, $61,000 in 1964
and 1965, $63,000 in 1966 and 1967,
$65,000 in 1968, $66,000 ; in 1969,
$67,000. in 1970, $69,000 in 1971
and 1972, as 1.80s, and $1,037,000
maturing April 1, $71,000 in 1973,
$73,000 in 1974 and 1975, $75,000
in 1976, $77,000 in" 1977, $78,000
in 1978, $80,000 in 1979, $81,000 in
1980, $82,000 in 1981,. $84,000 in
1982, $86,000 in 1983, $88,000 in
1984, and $89,000 in 1985, as 1.90s,
The balance of $1,815,000 ma¬
turing April 1, 1986 to 2000, will
be taken by the FPHA, as series
B, at 2 %% interest.
/
-
Bond Sale—The $692,000 coupon
Oct.
16—v.
156,
awarded- to
a
p.
group
1281—were
composed of
Halsey, Stuart
Co., Inc., -Blair
& Co., Inc: -and Hornblower &
Weeks, all of New York,, as 1.16s,
at a price of 100,219, a basis of
about 1.06%,
Dated Oct. 15, 1942
and 'due Oct. 15, as follows: $77,000 from 1944 to 1951 inel. and
$76,000: in
1952.
Re-offered
by
the bankers to. yield from 0.60%
to
ends
1.10%,; according to maturity.
Hartford Housing Authority, Conn.
Bond Sale -—A syndicate com¬
posed of Phelps, -Fenn & Co.,
Blyth & Co^.Goldman, Sachs &
Co.; First Boston Corp., Harriman
Ripley & Cp., Inc., Lehman Bros.,
F: -S-. Moseley & Co., R; W.-Press.ptich; & Co., Smith, Barney &
issued
be
if
the
Graham, Parsons & ■ Co., Kidder,
no
city
At
later
increase in the
,
their
of
than
more
budget-to
20
lowest
-cover
of
Finance
confirming the debt composition,
plan, was entered by Judge Wil¬
liam J. Barker on Sept. 18, accord¬
ing to R. E. Crummer '& Co., Inc.,'
of Orlando, Fla.—v. 156, p. 1281.
.
Brevard
County Special Tax School
Districts No, 1 and 4, Florida
Bond Exchange In Progress—It
Chicago are exchanging
refunding bonds for out¬
standing obligations of the above-
taxpay¬
mentioned
rate * in
the
finance
1953
est.
As
over
last
year's
rate
of
interest
the
as
1962
maturities
call-;
are
"
of
-
Sept.
30,
$222,000
1942,
of District Noi
had been
1
exchanged and $121,000 bonds of
District No. 4.
they expect a grand list
this year of more than $40,000,000,
increase
to
bonds
board
The
same
able July 1, 1952, or any interest
date thereafter at par and inter-*
and
motor
vehicles,
comprises the grand list,
y.
dated Jan. 1,
outstanding bonds, and mature
from July 1, 1943 to 1962.
The
$3,000,000 in the total
real and personal
the
The
districts.
are
of 1942, bear 4% interest, which is
year
recommended
told
school
refunding bonds
of
assessors
of
hew
low tax rate is an increase of
which
reported that John Nuveen &
Co.
levy of 18% mills to meet total
expenditures of $962,734.45,
Paving the way for the
The
authority.
interlocutory decree in the bank¬
ruptcy proceedings of the city;
a
than
the.'
Avon Park, Fla.
Refunding Flan Confirmed—An
estimated
new
but
FLORIDA
1942*43, which opened Oct. 1, the
Board
bonds,
rescind
at the end of the
he will again ask the board
to rescind its
In filing a
the fiscal
in
board
necessary
year
grand list
tax
years'.
the
In the event the bond issue is
not
Low—A
of the Town assures local
ers
$345,000
had
authority when the 1941 surplus
proved more than large enough
to pay off the indebtednes.
is
20-Year
year
with a surplus
enough to pay off the in¬
issue
to
Milford, Conn,
Rate
the
; Mayor Murphy said he was fol¬
lowing the practice inaugurated
last year when he asked for and
received authority from the board
property
series E refunding bonds offered
said that
mayor
debtedness.
maturing April 1, $86,000 in
1943,; $38,000 in 1944, $40,000 in
1945, $41,000 in 1946, $43,000 in
1947,
as* 4s,
$232,000 maturing
April 1, $44,000 in 1948, $46,000
in 1949 and 1950, $47,000 in 1951,
valuation
Bridgeport, Conn, \
will
000
more
CONNECTICUT
bonds
to the aldermen,
message
large
record
Bond Sale Details
000
a
bonds, at 100.00, a net interest cost
1.8893%, as follows: For $248,-
in
Grand Junction, Colo,
;
In
however, the
r'
Hillsborough County (P. O.
:
Tampa), Fla.
Bond Offering—Fred W. Ball,
.
grand list, and the estimated fig¬ Chairman of Board of County
on
the new grand list, are
Commissioners, will receive sealed
both higher than any ever record* bids until 11 a.m. on
Oct. 23 for
t
ure
ed.
The tax rate in the fiscal year
the purchase of $31,000 3% series
that closed Sept, 30 was 20*/? mills.
The grand list of the past year
1942-B refunding bonds.
Interest
F-A. Dated Aug. 1, 1942. Denom.
$36,996,336, .V//;;. '-/r-:.
;
$1,000.
Due Aug. 1, as follows :
; / Back in 1920 Milford had a tax $3,000 in 1945 to 1948, $4,000 in
rate of 18 mills,
The rate ran at 1949, and $5,000 in 1950 to 1952.
20 mills and over until two years
principal, arid interest payable at
ago, when a levy of 19%; mills was the " Guaranty ; Trust
Co., Nev^
found possible.
York.
The successful bidder will
The new budget will be acted be required, in addition to the sum
upon by taxpayers in an annual bid for the bonds, to pay accrued
town meeting in November,
interest from the date thereof un 4
The ■) total
estimated ^expendi¬ til the date of delivery, and each
tures of $962,734.45 for This yehr bid submitted should state that the
stand
only $18,000 beneath the
total budget covering the-1941-42
INDEX
was
.
-
.
Bacpn, . Stevenson &
Co.,
Co-;, Inc., Estabrook & Co., term.
Quotations;
Page
Graham, Parsons & Co., Kidder, % Thus it is clear that the huge
New York Stock-Exchange
.1381
Peabody & Co., Lazard Freres & rise in the grand list, plus cash on
; New York, pijrb Exchange........ 1397
Co.; Paine, Webber, Jackson & hand of • $86,755.56, were team
Other Stock Exchanges....,...... .1403
Curtis, Stone
&
Webstef - and mates in reducing the tax rate. :; Unlisted Securities
.1408
Blodget, Inc.; * Union* Securities The cash balance is $11,000 more State and City Department: •
J
Corp., B. J. Van Ingen &'.Co.,-East- than the. town, had ,tQ start out on .Bond Proposals and Negotiations, 1369
the last fiscal term.
1 u:
manr Dillon & Co., Equitable. SeSeptember Municipal Borrowing. .1374
curitles; Corp.t Harvey' Fisk*
<3en. Corporation and. Invest. News. 1412
New-Haven, Conn.
Sons, E. F.- Hutton Be Co., Rey¬
May Issue Bonds—Mayor John Capital Flotations for September...1386
nolds & .Co., E. H. Rollins & Sons,
W. Murphy has asked the Board Dividends Declared and Payable... .1378
Roosevelt & Weigold,. L. F. Roths¬
"of Aldermen to authorize him to Redemption Calls and Sinking Fund
child & .Co.; A. C, Allyh' & Co.,
Notices
.-v* 1^78
"issue, approximately $218,000
in
Charles Clark & Co., Kean, Tay¬
i
1380
borids to. permit* the city to liqui¬ Auction Sales
lor & Co., all of ftew York, R. S. date an advance, deficit account The Course of Rank Clearings..., .1377
.1388
Dickson &- Co., of Charlotte; Geo. setup by the Board of Finance to Foreign Exchange Rates
Co.;
,
Blair &
,
.
.
-
.
•.
.
.
.
..
.
.
.
.
.
.
,
.
.
in ;1953; pfich
$5,000 in 1954,~$6,000 in" 1955, $5,000 in 1956, and
V/zs.
1970, $22,000 in 1971 and $23,000
.in 1972 as 1.90s.
j
:i
$21,000
for permanent capital' im-i
provementstduring 1942.
pay
of
Tax
.
.
197.1; and
1.90s.
$22,000- in
Gibbons & Co., Inc., • of New
York, McDonald-Coolidge & Co.,
of Cleveland, and Putnam & Co.,
of Hartford, was the successful
bidder for the $2,697,000 Series A
B,
.........
....
T1 i
■
it
y?c i
\K J
-
I
J}
*
,
THE COMMERCIAL & FINANCIAL CHRONICLE
1370
Mr.
•
bidder will pay such accrued in¬
terest in addition to the sum bid.
The
before delivery,; will
be
validated
by decree of the
County Circuit Court.
Delivery
bonds,
of Cald¬
Trimble & Mit¬
opinion
approving
Marshall,
chell, of New York, without cost
or expense to the purchaser.
The
Board reserves the right to reject
well,
all bids received.
Enclose
certi¬
a
fied check for $300.
(These are the bonds offered
on Sept. 11, at which time all bids
were rejected.—v.
156, p. 1001.)
(P. O. Ocala), Fla.
Approved
Refunding
authorized
5
the
The
—
Commissioners
of
Board
Oct.
on
refunding
of
$325,000 road bonds maturing next
February, according to
Raulerson
Director
Fi¬
of
reported Oct. 3 that the
city devoted $1,220,000 during the
past fiscal year to the retirement
nance,
'
in¬
of
Closing his books for
ended June 30,
debtedness.
the
certificates
and
bonds
of
months
12
the finance director found
$620,000 of bonds and $325,284 of
certificates
had
been
canceled,
1942,
with
remaining
$225,000
"Herald"
added
follows:
as
self-liquidating
water, hospital and port,
the
Excluding
in
debt
Miami
the
foregoing,
the
ing
bonds for which the city's
not
was
the
in
After not¬
debt retirement fund.
credit
pledged, the municipality
began the present fiscal year ow¬
ing $28,690,607.17; Because of the reduction of debt
of
enhancement
and
value
through
the debt
now
construction,
new
is $1,656,107 within
charter
the old
city's
the
Miami's assessed
ceiling of 15% of
worth, at present
$198,600,770.
4
Homestead
exemption,
eating
away $56,043,000 of the value of
the community, would affect any
hew bonds which the city might
wish to issue and it will be years,
eight, before this
possible.
Since the original bonds were
perhaps
seven or
becomes
issued
before
homestead
did
enter into
not
the
That the city is well yyithin the
original ceiling now jhas signifi¬
cance only as an indication of how
much the security behind the out¬
standing debt has been strength¬
,
Fuller
hopes in the present fis¬
cal year to pay off $421,000 of
bonds maturing under the refund¬
schedule,
ing
indebtedness
of
cates
$250,000 of certifi¬
issued
dur¬
ing the depression in lieu of pay¬
ment of interest, and an additional
$280,000 of bonds.
On Aug. 1, 1934,
••
the city was
$7,701,667 in default on bond in¬
terest and
principal.
(P. O. Key West),
Monroe County
Fla.
>
Paying Agent
Trust
—
Company
Manufacturers
has
-
been
ap¬
pointed Paying Agent for county
4%
bond issue dated
1941, in .the aggregate
of $51,198.68.
refunding
July
1,
amount
New
Smyrna Beach, Fla.
Bonds Publicly
Offered
Clyde C. Pierce Corp. of Jackson¬
ville
recently made public offer¬
ing of $395,000 4Y2% refunding
bonds, part of an issue of $809,500, and maturing on Jan. 1 in
various years from 1955 to 1972
The
incl.
1972 bonds are
1968 to
subject to call on Jan. 1, 1958, and
priced
3.85%
to call date.
maturities
earlier
3.75%
at
107.44,
were
to
3.90%.
yielding
Yields
on
ranged from
bonds are
The
issue of $809,500,
part of a total
which the bond house states
stitutes the total
eral
in
the
obligation
addition
to
the
for sale to the county.
by
the
of
'
value
par
tendered.
'
\
or
cashier's
of
the
^^
.'
•/
City, Fla.
Bond Offering—J. S. Newbern,
will receive sealed
(CWT) on Oct. 23
for the purchase of $1,905,341.46
4% refunding bonds, as follows:
$1,213,670.48 Series A; $14,500.00
Series
AB; $44,091.67 Series B;
$38,279.35 Series C; $436,059.46 Se¬
ries D; $112,564.81 Series E; $46,Clerk,
All
being dated Jan. 1,
1942, bearing interest at 4% per
annum,
payable
semi-annually
Jan.
receive' sealed
Carlinville
at
the
of
Carlinville.
National
Bank
certified
A
check
for 5% of the
bid, payable to order
city, is required.
the
of
faith, credit and taxing
of the city, is secured by an
of $20,000 from the
municipally
owned
Light
and
Water Plants.
Light and Water
$30,000 not.to exceed 3% inter¬
ing bonds of 1942;
•
«
The $69,000 bonds will be dated
Denom. $1,000. Due
Nov..l, as follows: $20,000 in 1954;
$15,000 in 1955; $25,000 in 1956
and $9,000 in 1957.
Interest M-N.
The $30,000
issue wil be dated
Dec. 1, 1942.
Denom. $1,000. Due
////////
Coulterville, III.
B; second issue, refund¬
Nov. 1, 1942,
Dec.
1, 1957.
Interest J-D,
Council has passed an ordi¬
authorizing an issue of $2,-
pal
Mason City, Iowa
nance
000 series of 1941
i
...
Bond
refunding bonds.
Galesburg, III.
Issue
Dropped
/?,/•-
.
.
Alfred
—
Nystrom, City Clerk, reports that
plans to issue $129,000 2V2% wa¬
ter
construction
revenue
Bond
the
25
chase of the Mount Vernon Water
from
Power
Co.
the
Illinois-Iowa
*
Quincy Housing Authority, III.
Bond
1972, with all bonds being subject
Blyth
Sale
—
Offering—H.
Clerk,
will
A syndicate com¬
the purchase of
J.
on
Oct 26 for
bonds
offered
Oct.
awarded to
were
Shaw, McDermott & Sparks, and Wheelock &
Cummins, both of Des Moines,
jointly, as 2%s, at a price of
100.04, a basis of about 2.74%.
Dated July 24, 1942.
Denomin¬
ation $1,000, one for $500 and one
Phelps,
of
&
value of said bonds.
par
Idaho
Twin Falls Housing
Bond Sale
—
A
r;j-
Authority, Ida.
syndicate com¬
posed of Phelps, Fenn & Co.,
Blyth & Co., Goldman, Sachs &
Co.,
man
First Boston Corp., HarriRipley & Co., Inc., Lehman
Bros., F. S. Moseley & Co., R. W.
Pressprich & Co., Smith, Barney
&
Co., Bacon, Stevenson & Co.,
Co., Inc., Estabrook & Co.,
Graham, Parsons & Co., Kidder,
Peabody & Co., Lazard Freres &
Co., Paine, Webber, Jackson &
Blair &
Curtis, Stone & Webster and Blodget, Inc., Union Securities Corp.,
B. J. Van Ingen & Co., Eastman,
Dillon & Co., Equitable Securities
Corp., Harvey Fisk & Sons, E. F.
Hutton & Co., Reynolds & Co., E.
H. Rollins & Sons, Roosevelt &
Weigold, L. F. Rothschild & Co.,
A. C. Allyn & Co., Charles Clark
& Co., Kean, Taylor & Co., all of
New York, R. S. Dickson & Co., of
Charlotte, Geo. B. Gibbons & Co.,
Inc., of New York, McDonaldCoolidge & Co., of Cleveland, and
&
Co., of Hartford,
was
Issue)
(First
interest
net
bonds, at 100.00, a
of. 1.7596%, as
cost
follows:? For'' '$19,00(1/
maturing
April i, 1943, as 41/2s, $18,000 ma¬
turing April 1, $5,000 in 1944/ $7,-'
000 in 1945, $6,000 in 1946, as 2Vfes,
$19,000 maturing April 1, $6,000
in 1947, $7,000 in 1948, $6,000 in
1949, as 2.10s, $14,000 maturing
$7,000 April 1, 1950 and 1951, as 2s,
$22,000 maturing April 1, $7,000
in 1952, $8,000 in 1953, $7,000 in
1954, as IY4S, and $33,000 maturing
April 1, $8,000 in 1955 to 1957, and
$9,000 in 1958, as iy2s.
1958
as
l%s.
Sale Details—The
Bond
$12,000
recreation center bonds purchased
the
by
White-Phillips
Co.
of
Davenport, as reported in v. 156,
p. 1282, were sold as 3s, at a price
of 106.20.
Dated June 1,
1942.
Denom.
$1,000.
Due $3,000 on
Dec.
from
1
1944
to
special
assessments
on
properties especially benefited by
said improvement, which assess¬
ments have been levied and certi¬
fied
the
to
Sale—The issue
1106—was
p.
of $5,000
awarded
to
the Indianapolis Bond & Share
Corp., Indianapolis, as iy2s, at a
price of 100.17, a basis of about
1.44%,
Dated
Feb.
1, 1942 and
Jan. 1 from 1944 to
due $1,000 on
1948
incl.
Second
for
100.52
S.
2s
was
Johnson
high bid of
by Ken¬
of Indianapolis.
made
Gary, Ind.
City
ject to
the
certified
total
opinions,
will
Sabo,
receive
to their
as
legality, of Stipp, Perry, Bannis¬
& Starzinger, of Des Moines,
which opinion will be delivered
with the bonds.
Wichita, Kan.
Offering—E. S.
Bond
Director
of
until
for
not
the
terest
M-N.
Denom.
Worrell,
M.
P.
5%
interest
bonds.
In¬
Dated Nov. 1, 1942.
refunding
$1,000, one for $500.
in
000
1%.
able
1948
1952.
to
Rate
General
obligations
from
and
payable
valorem
State
ial
due
bids
until
11
a.m.
on
members
of
fire departments.
the
police
and
second
1942.
issue, refunding bonds of
of
the
City,
local
taxes
of
from unlimited ad
$14,544
of
the
taxes.
payable from spec¬
assessments.
than par
and
No
bid
for less
and accrued interest will
kentucky
~
County (P. O. Grayson), ]
Ky.
vis,
County
will
Clerk,
receive
sealed bids until 10 A. M.
Oct.
on
purchase of $8,500 fund¬
serially
Due
from 1952 to 1954 incl.
by
State
the
Approved
Finance Of¬
Local
ficer.
Hickman
County (P. O. Clinton),
Ky.
Refunding Agents—The refund¬
ing of road and bridge bonds—v.
156, p. 1194— is being handled
by Ballinger & Co., of Cincinnati;
is proposed to refund the out¬
standing road and bridge bonds
which bear 4V2% and 5% interest
It
by exchange for refunding bonds
maturing
callable
in 40
ing to the dates
bonds
The
bear interest
to
are
being
which the old
refunding
on
mature.
bonds
and
years
the dates correspond¬
on
rate of 4*/4%.
the
at
'
,,
Kentucky (State of)
Surplus
Available
To
Offset
Revenue
Decline
ment of
Revenue
The
—
of
Depart¬
the
State
Kentucky has accumulated
plus of $7,382,525, and
Governor
to
money
next
Keen
according
the*
Johnson
Legislature meets.
Governor
will
surplus
feels
make
other
knows his
General
start
hand,
the
the
to
takes
revenue
If it holds
dive.
power
the
that
cushion
a
absorb the shock if
to
of
sur¬
cannot be touched until the
The
a
a
up,
on
Governor
and the 1944
successor
Assembly
will
be
able
four-year admin¬
istration with a tidy sum in the
a
bank and
While
to
new
debts.
no
tax
collections
ahead
run
of
continue
estimates
at
a
dizzy pace, the Governor said he
believes
enue
next
it is inevitable that
rev¬
will drop sharply before the
Legislature convenes. If the
decline is steep enough, he added,
cash
balance
necessarily
the
would fall in
"We
proportion.
have
on
lost
the
3%
usage
new
automobiles," he said.
"We will collect no more produc¬
tion tax on whiskey so long as
distillers make nothing but war
alcohol.
f
.
1
"Our income tax is bound to de¬
McCreary County (P. O.
Whitley
■
City), Ky.
#
Hearing
Holders
On
Debt
Refunding—
of
5%, road and bridge
refunding bonds of 1940, issue of
Oct. 1, 1940, are advised that a
hearing will be held at the office
of the State local finance
at
Frankfort, Ky.,
at
officer,
10:00 o'clock A.
October 24,
M., (CWT), to
consider an amended petition of
the county for the approval of the
issuance
of
bonds
on
to
refund
the
above described bonds.
Perry County (P. O. Hazard), Ky.
Mismanagement
Blamed
For
Poor Debt
Status—An Associated
Press
dispatch from Frankfort,
dated Oct. 8, and appearing in the
Louisville
the
"Courier-Journal"
following day, stated
All bids must be
forms, furnished by the City
Clerk, executed by a duly author¬
ized officer of the bidding fifm
as
of
fol¬
lows:
years
considered.
on
sealed
of in¬
Principal and interest pay¬
at Fiscal
Agency, Topeka.
free
be
ap¬
an
Due
follows: $10,500 in 1943,
in 1944 to 1947, and $9,-
terest to be in multiples of Vs
Oct,
meeting the City Council
on
Nov. 1, as
$10,000
the
of
tax."
purchase of $95,-
exceed
to
498
7:30
2%
Bond Offering—Haskell H. Jar-
Finance, will receive
bids
19
for
check
cline.
The government is freeze
ing income, and that freezes the
/f
kansas
School
State
bid,- payable to the city.
v
tax
ter
||s;
rejection by the
a
In¬
annually.
above issue is
Offering—John A.
Comptroller,
County Auditor.1
terest payable
issue of $16,000 bonds 29 for the purchase of $69,000 not
complete payment of salaries .to exceed 3% interest series A,
cent
proved
to
of
out
series
fire truck bonds offered Oct. 13—
Bond
Bond Issue Approved—At a re¬
1, as follows: $274.77 in
1943, $200 in 1944 to 1948, and
$300 in 1949 to 1952.
Callable at
any time at the option of the City.
The bonds will be payable only
500
indiana
Brazil, Ind.
156,
Co.
Trust
de¬
Fund, who has the right to pur¬
chase at par and accrued interest;
All shipping and handling charges
by any bank will be at the ex¬
pense of the purchaser.
Enclose
Due June
Oct.
v.
&
.
sealed
Bank, Urbana.
Bond
Bank
Ottumwa, as 4s, at par. Dated
July
24,
1942.
Denominations
$300 and $200 and one for $274.77.
incl.
1947
Principal and in¬
payable at the Busey State
illinois
Bloomington, III.
Union
of
Interest. J-D.
terest
the
to
Urbana, III.
neth
,
Bond Sale—The $2,474.77 street
improvement bond issue was sold
All of the bonds were sold sub¬
the successful bidder for the
$40,000 Series A (First Issue) bonds,
at 100.00, a net interest cost of
I.86610%, as follows: For $6,000
maturing April 1, 1943 as 4y2s,
$4,000 maturing $2,000 April 1,
1944 and 1945 as 2y2s, $12,000 ma¬
turing $2,000 April 1, 1946 to 1951
as
2s, $7,000 maturing April 1,
$3,000 in 1952, $2,000 in 1953 and
1954 as 1.80s, and $11,000 matur¬
ing April 1, $3,000 in 1955 and
1956, $2,000 in 1957 and $3,000 in
City-Improvement Fund.
Inter¬
est payable semi-annually.
advised
when
The issue is offered subject
der.
-
York,"McDonald-Coolidge & Co.,
of Cleveland, and Putnam & Co.,
of Hartford, was the
successful
bidder for the $125,000 Series A
of
be furnished to the successful bid¬
ing bonds of 1942.
Ottumwa, Iowa
/ Bond Sale—The $57,026.90 street
date
to
determined
as
soon
24 for the
improvement
bonds
of
any
interest
livery can be made. The approv¬
ing opinion of Bowersock, Fizzell
& Rhodes, of Kansas City, will
sealed
Fenn & Co.,
Co., Goldman, Sachs &
to call at par and accrued interest
Co., First Boston Corp., Harriman
on
Jan. 1, 1957, or any interest Ripley & Co., Inc., Lehman Bros., for $526.90. Due June 1, as follows:
paying date thereafter. The bonds F. S. Moseley & Co., R. W. Press¬ $5,026.90 in 1943, $5,000 in 1944 to
are
in denominations of $1,000, prich
&
Co., Smith, Barney & 1948, $6,000 in 1949, and $7,000 in
Callable
at
any
Bacon,
Stevenson ' &
Co., 1950 to 1952.
$500, $100, and such denomina¬ Co.,
tions of less than $100 as may be Blair & Co., Inc., Estabrook & Co., time at the option of the City.
The bonds will be payable only
necessary to make delivery of the Graham, Parsons & Co., Kidder,
Peabody & Co., Lazard Freres & out of special assessments against
respective bond issues.
The principal and semi-annual Co.,
Paine, Webber, Jackson & properties benefited by said im¬
interest will be payable at the Curtis, / Stone
which
assessments
&
Webster ' and provement,
First National Bank of Chicago, Blodget,
Inc., Union
Securities have been levied and certified to
and the bonds are to be accom¬ Corp., B. J. Van Ingen & Co., East¬ the County Auditor.
Interest pay¬
/
panied by the approving opinion man, Dillon & Co., Equitable Se¬ able annually.
of Caldwell, Marshall, Trimble &
curities
Bond Sale—The $16,000 city im¬
Corp., Harvey
Fisk &
Mitchell, of New York. Proposals Sons, E. F. Hutton & Co., Rey¬ provement bonds offered the same
must be enclosed in a sealed en¬
nolds & Co., E. H. Rollins & Sons,
day were purchased by the Union
velope marked
on
the outside Roosevelt & Weigold, L. F. Roths¬ Bank & Trust Co. of Ottumwa, as
''Proposal For Bonds."
Bidders child & Co., 4. C. Allyn & Co., IV4S, at a price of 100.59, a basis
Charles Clark & Co., Kean, Tay¬
must accompany their bids by a
of about 1.03%.
Dated July 24,
certified or Cashier's Check drawn lor & Co., all of New York; R. S.
1942.
Due June 1, as follows: $3,upon
an
incorporated bank or Dickson & Co., of Charlotte; Geo. 000 from 1943 to 1946 incl. and
trust
company,
payable to the B. Gibbons & Co., Inc., of New $4,000 in 1947. Payable out of the
the first
as
Finders,
$9,000 fire equip¬
accrued
Successful bidder will be
;
ment bonds.
9
date
Carter
receive
bids until 7:30 P. M.
City
Council considered a plan to issue
$800,000 bonds to finance pur¬
Sept.
on
of
and
pur¬
delivery, must be paid for at de¬
livery or check will be forfeited.
Oelwein, Iowa
Bond
III.
issue
ber 3 general election. ///;//,,
bonds
Considers Water Bond Issue—At
meeting
An
ered by the voters at the Novem¬
City
Mount Vernon,
—
$50,000 municipal airport land
acquisition bonds will be consid¬
have been abandoned.
a
Election
premium
to
•
■■i Bonds Authorized—The munici^
posed
on
considered.; The
price/; together /with
from
est series
The bonds ma¬
day of January,
1, and July 1.
ture
will not be
of
Works
bonds
advises -that he
purchase of $11,000 3y>% coupon
judgment funding bonds.
Dated
Oct. 1, 1942./ Denom; $1,000.
Due
$1,000 on Jan. 1 from 1944 to 1954
incl.
Prin.- and int. (J-J) payable
will
bids until 8 p.m.
175.69 Series F.
Sabo- also
.
bids until 5 p.m. on Oct. 28 for the
Clerk,
bonds
Panama
outstanding gen¬
certified
a
payable to the Board of
County
Commissioners
in
an
amount equal to not less than 2%
•
chase
Offering—Roy A. Bowyer,
:
check
of the city, and
being secured by
annual pledge
■
All tenders must be accompan¬
-
<;.,f
will, receive ;sealed bids; until, 1.1
A. M, on Nov.- 26 for the 'purchase
Bond
con¬
full
power
designate the des¬
must
cription, serial numbers and price
at which such bonds are offered
Putnam
The
—
(EWT), of bonds.
27, at 10 A. M.
Tenders
y
ened.
Board
Commissioners Roy R.
announces
that sealed
re¬
funding several years ago.
.x
tenders will be received until Oct.
exemp¬
tion, the question of the city's net
worth
O. Okee¬
Wanted—Clerk
Tenders
City
$945,284 Paid On Bonded Debt
Fuller,
City
of County
re¬
press
Miami, Fla.
E.
:y
.
County (P.
chobee), Fla.
ports.
—A.
;..r.
Okeechobee
ied
Marion County
Carlinville, III.
Earnings-(net), as reported:
1940, $59,578; 1939,
1941, $65,676;
$48,583.
be attended by
of the bonds will
the
Plant
Monday, October 19, 1942
or
corporation,
otherwise
.
Laxness in tax collections and
of
mismanagement were
for Perry County's debt-
blamed
they ridden condition in
a
report
by
A.
David
Auditor
State
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4117
Volume 156
The
Logan
today.' ■? '/"///'/'', '?/./'■•
'
iThe county's current--liabilities
during the
commissioners
current year
have paid $56,567.50
000 in 1954 to
1957, $8,000 in 1958, interest cost. Bids shall be con¬ Commission
recently
presented
$7,000 in 1959, $8,000 in 1960 to ditioned
upon
the
unqualified Governor Paul B. Johnson with
1962, $9,000 in 1963, $8,000 in 1964, legal opinion of Miller, Canfield, a brief citing the State's "fine
$9,000 in 1965 to 1968, $10,000 in Paddock & Stone, of Detroit, ap¬ financial condition.".
1969, as 1.80s, and $29,000 matur¬ proving the legality of the bonds.
With tax yields from practically
ing April 1, $9,000 in 1970, and The cost of said legal opinion wi}l all sources collected by the tax
$10,000 in 1971 and 1972, as 1.90s. be paid by the city, and the print¬ commission smashing all records,
ing of the bonds will be paid by the the State has a surplus of more
t
Hudson, Mass,
purchaser.
Enclose a certified than $9,000,000.
Note Sale—The $100,000 notes check for
2% of the par value of
Under the law, adopted at the
offered on Oct. 14—-v. 156, p. 1282 the bonds bid
upon, payable to regular session earlier in the year,
>-were awarded to Harriman Rip¬ the- city.. ' /.'./-/ ;//?■/://;
the Governor is empowered if he
ley-&: Co., Inc., New York, as iy4s,
desires to reduce the current 4Mount Morris, Mich.
at a price of 100.763, a basis of
mill ad valorem tax to 2
in interest on bonds, the lowest
/
$201,763.66, includ¬ amount in' a number of, years.
ing $135,000 in default on bonds
Maryland (State of) y
■and interest on them.
In addition
General Fund surplus Increases
the county has $347,500 of out¬
—Maryland's general fund surplus
standing bonds which the auditor
increased
$514,708 during July
predicted would become in de¬
and on August 1 stood at $8,331,fault as they mature.
^
'
The report, covering conditions 976, State Comptroller J. Millard
Tawes reported Aug. 15.
at the end of the fiscal year last
While the current surplus still
June 30, declared only 68% of the
is $707,856 below the all-time high
county's $111,760 taxes for the
of
Sale consisted of:
$9,039,832 reported June 1, about 1.123%.
past year had actually been re¬
Tawes predicted that State reve¬
mitted to the Treasurer by the
$50,000' municipal
light
plant
nues during August and Septem¬
notes. Dated Oct. 15, 1941. Due
Sheriff, compared to an average
ber, last two months of the fiscal
"of 90% for all the State's counties.
$10,000 on Oct.: 15 from 1947
?■
Current
assets
available
for year, would give Maryland its
to 1951 incl.
The April 15,
best reserve fund in history.
1942 and Oct. 15, 1942 cou'payment of the $201,763.66 in lia¬
In the treasury July 31 was
pons will be removed from
bilities were placed at.$99,694.69,
$29,66.9,727 from all funds, the
the notes and cancelled, so
including $15,088.60 due from the
J that interest will accrue from
Sheriff at the time the audit was Comptroller said. This was $778,-
listed
were
as*
,
Bond Sale Details—The
ed
was
less than half of the county's
'
current debt. '
,//' ?,/;-
:/,?
434
more
for
the
During
than
date
same
July
the cash
the
a
State
on
hand
year
/Oct. 15, 1942.
ago.
50,000
collected
100.05
$2,093,445 in receipts while spend¬
The report also charged numer¬
:; V ?,
irregularities in handling the ing only $1,578,767.. y
Losses in motor vehicle titling
county's finances.
/"
tax revenue, which amounts to
*:
The
auditor pointed out the*
present county officials are not $907,155 for the first 10 months of
the fiscal year, have been offset
"chargeable with the majority of
$5,000
to
Mich.
on
1952 incl.
Bond
for
Other bidders: (for l1/4%), Esta¬
brook &
Co,, 100.572; (for V/2%),
Lee Higginson Corp., and Arthur
Perry & Co., 100.85; Second Na¬
somewhat by increased receipts
the irregularities mentioned," and
tional
Bank
of
Boston, 100.80;
from income tax collections, now
expressed
hope
they "would
Tyler & Co., 100.799.
totaling $9,343,153, against $6,""practice the strictest economy in
?'
Worcester, Mass.
<[
the operation of the county gov¬ 218,807 for the same 1941 period;
Bond Sale—The $60,000 coupon
ernment and comply with air pro¬ racing receipts, $1,637,629, against
visions of the statutes governing $1,309,375 last year, and the al¬ bonds offered Oct. 14 were award¬
coholic beverages tax which has ed to Lyons & Shafto of Boston,
■same."
netted $4,851,491
since October, as Is, at a price of 100.246, a basis
LOUISIANA
of about 0.934%.
compared to $4,407,017 last year.
Sale consisted
■
Remitted
Funds
August
(State of)
Charity
On
Gas
Tax
Revenues
Lower—With gasoline and rubber
rationing cutting into the State's
"Times Picayune" of Oct. 8 con¬ gasoline sales tax receipts, the
total receipts for August of this
tained the following report:
"An $800,000 payment which year showed a decline from those
State Collector of Revenue Rufus of August, 1941,. but were higher
Hospital Debt—The New Orleans
;
.
W. Fontenot has remitted to Char¬
of: z' Z ■:?■/': ;■I? -/;/?/:??:;??/?; /;/
•
v
Due
* relief
bonds.
July 1, as follows: $4,000
from
1943
1947
to
incl.
and
7
^3,000 Trom 1948 to T952" incl.
J. Millard Tawes, State Comp¬
All the bonds are dated July 1,
ity Hospital is to cover interest
; and
maturities ' of the hospital troller, said he had no explanation 1942. Principal and interest (J-J)
for the unexpected increase in the payable at the First National Bank
bond
issues of
1936 and
1938;
of Boston.
Legality approved by
Fred
W.
Matthews, Secretary- August figures as compared to
Treasurer
of the
hospital, said those of July. However, he said Ropes, Gray, Best, Coolidge &
it was possible that ration books Rugg of Boston.
Wednesday.
'
from
sales
tax
receipts for oper-
An
month's
net
revenue
re¬
the
strictly special
SAllfi
ending June 30,1943."
:f
MARYLAND
mitted
r
Reduction
Debt
O.
MASSACHUSETTS
Frederick),. Md.
-
Cited
—
The
'
county's bonded indebtedness was;
reduced to $1,396,000 on Oct. 1
as a $32,000 payment completed
'the
amortization of $95,000. in
/bonds' during 1942, according to
the schedule of the County Com¬
-
-
missioners.
The county
would be debt free
in 1961—nineteen years away—if
bond
additional
no
issues
'authorized in the meantime.-
are
Of¬
ficials consider that doubtful, al¬
though they point to the fact that
have
issues
no
been
authorized
during the present four-year ad,ministration, which Winds up its
affairs in December.
The
Oct.
1
-
payments
-
amount¬
ed to $20,000 on a $100,000 Fred¬
erick County school bond issue of
.1931, leaving $60,000 unpaid, and
,$12,000 of another school bond isof 1931, in total amount of
$124,000, leaving $100,000 yet to
be paid.; •'•';■■ ■
'?■
-sue
.
The
♦
commissioners
on
.
J an.
1
had paid $25,000 on a-school bond,
issue and on July 1 had paid $8,-;
000
on
a
1923 lateral roads bond:
issue, .$10,000 on a 1935 refunding'
.debt issue and $20,000 on a $300,;O00 school bond issue.
•
- t
r
The remaining outstanding debt
,as of Oct.
1 comprises $1,085,000
in school
•
bonds
bonds, $224,000 -in roads
$87,000 r in - almshouse
and
bonds.
'
.
■
.,
r
Offerings ^Vanted
Board
of Trustees
—
,:
.
4
,
Secretary
of the Retire¬
ment System Charles G. Oakman
Holyoke Housing Authority, Mass.
announces that the board will re¬
Bond Sale—A syndicate
com¬
ceive offerings of city non-call¬
posed of Phelps, - Fenn & Co.,
able bonds until Oct. 20, at 10 A.
Blyth & Co., Goldman, Sachs &
M. (EWT), in the amount of ap¬
Co., First Boston Corp., Harriman
proximately $100,000. , Offerings
Ripley & Co., Inc., Lehman Bros.,
will be accepted on the basis of
F; S. Moseley & Co., R. W. Pressthe
highest net yield as com¬
prich & Co., Smith, Barney & Co.,
puted from the dollar price as of
Bacon, Stevenson & Co., Blair &
Oct. 20, 1942.
Co., Inc., Estabrook & Co., Gra¬
East Grand Rapids, Mich.
ham, Parsons & Co., Kidder, PeaBond
body & Co., Lazard Freres & Co.,
Offering —Louis
F.
Paine, Webber, Jackson & Curtis, Battjes, City Clerk, will receive
Stone
& Webster
and Blodget, sealed bids until 7 p.m. (EWT)
Inc., Union Securities Corp., B. J.
Co., Eastman, Dillon
Van Ingen &
& Co., Equitable Securities Corp.,
Harvey Fisk & Sons, E. F. Hutton
the
justifies this action in
opinion of the State's fiscal
heads.
.?
State Treasurer Lewis
the
State
Auditor
Co., Detroit, for
"justify"
MINNESOTA
the
finances
also
to
house
students
in
newer
designed for
an
educational program, Minneapolis'
school board closed 16 of its 87
the
ad
prospective
in¬
presented to the Governor,
Chairman Stone and the other of¬
come
ficials did
not
mendation
make
that
the
any
tax
recom¬
be
cut,
only citing the facts.
The
Governor, under the law,
has until Nov. 1 to issue
a
procla¬
mation that would reduce ,the tax.
The statute, however, leaves such
action
the
at
discretion.
If
chief
he
executive's
should
reduce
the tax by 2 mills it would slash
than $800,000 a
taxpayer's bill next
more
off the
year
year.
Sharkey County (P. O. Rolling
Fork), Miss.
approved as to legality a
of
$82,000 3%
refunding
bonds, as follows: $42,00 Third
Supervisors Separate Road Dis¬
trict and $40,000 Fourth Super¬
visors
Separate
Road
District.
total
Each issue is dated
elementary school buildings when
the Fall term
in
In the summary of
and
have
Economy
Measure—Partly for economy, but
buildings better
reduction
a
valorem rate.
Bond Legality Approved—Char¬
les & Trauernicht of St. Louis
Minneapolis, Minn,
Schools As
said
■
May and
they be¬
lieved the surplus on hand would
payment.
16
financial condition
of the State
.
,
MISSOURI
Carteroille
Closing
Oct. 191 for the purchase of
$26,000 not to exceed 4% interest
coupon special assessment refund¬
ing bonds.
Interest M-N.
Dated
on
aries and wages/ Also, a declining
school
population—characteristic
of many other large cities—made
operation of 87 elementary schools
unnecessary.
Closing
of
the
16
schools is the first result of
a
pre¬
tration experts, engaged at the di¬
The rec¬
rection of the Governor.
was
Missouri
Sales
Tax
(State of)
Higher—Totals released
tax
collections
in
*
on
sales
September
made
because
during the
same
month of 1941.
H. G, Bates, State
Sales Tax Ad¬
ministrator, announced $2,482,190
collected last month/com¬
pared to $2,463,893 in September,
1941, or an increase of $18,296.
was
St. Louis, Mo.
population of the last
Plans Bond Sale — City is ex¬
10 years has declined by about
16.000 and, also, because pupils pected to make public soon the
in the closed school areas could terms of an offering of $1,750,000
transfer to other and better build¬ bonds, proceeds of which will be
the
school
ings with more adequate facilities used in connectiori with the expan¬
—shops, laboratories, auditoriums, sion program at Lambert-St. Louis
gymnasiums
and
other
special municipal airport and acquisition
airport.
The
rooms—without having' to travel of a second city
voters approved a $4,500,000 bond
unreasonable distances.
The report estimated that ap¬ issue at an election on Aug. 4.
?v
Co., Reynolds & Co., E/H. Rol¬ Nov. 1, 1942. Denom. $1,000. Due proximately $250,000 a year could
MONTANA
Sons, Roosevelt & Weigold, May 1, as follows: $6,000 in 1950 be saved if 2,1 elementary schools
L. F. Rothschild & Co., A. C. AUyn to 1952, and $8,000 in 1953.
Rate —20 of them non-fireproof and
: Glasgow, Mont.
& Co., Charles Clark & Co., Kean, of interest to be in multiples of %.
Additional Information—In con¬
eight more than 50 / years oldThe city is required by were closed.
Taylor & Co., all of New York, of 1%.
Closing of the 16 nection with the report in v. 156,
R. S. Dickson & Co., of Chalotte; law to levy upon all taxable prop¬
buildings will result in savings of p. 1283, of the postponement of
Geo. B. Gibbons & Co., Inc., of New erty therein such ad valorem taxes
between $175,000 and $200,000 an¬ the sale of the $4,826.97 not to ex¬
York, McDonald-Coolidge & Co., as may be necessary to pay the nually.
ceed 6% interest refunding bonds,
of Cleveland, and Putnam & Co., bonds and interest thereon with¬
we are advised by Martin Miller,
limitation
as
of Hartford, was the successful out
to
rate
or
MISSISSIPPI
City Clerk, that the State Land
bidder for the $234,000 Series A amount.
Principal and interest
Harrison County (P. O. Gulf port), Board, naming an interest rate of
(First Issue) bonds, at par, a net payable at the City Treasurer's of¬
Miss.
2%%, was the only bidder and
interest cost, of 1.83799%, as fol-, fice/ The bonds will be awarded
Bonds Sold—The following re¬ that the sale was deferred until
lows: For. $15,000 maturing April to the bidder or bidders whose
funding bonds, totaling $690,000, next meeting of City Council on
1, 1943, as 4j/2s, $17,000 maturing bid produces the lowest interest
have/been sold locally: $380,000 Oct. 20.
April .1, $6,000 in 1944, $5,000 in cost to the city after deducting
314% road protection and $316,Havre, Mont.
1945, $6,000 in 1946, as 2V4s, $18,-, the premium offered, if any. Bids 000
3% % road and bridge.
Bond Offering—G. W. Patterson,
considered for less
000. maturing $6,000 .April 1, 1947 will' not be
than all of the bonds. Interest on
City Clerk, will receive sealed
to 1949, as 2s, $155,000 maturing:
Mississippi (State of).
Has 'Large Surplus—Chairman bids until 8 P. M. on Nov. 4 for
April 1; $6,000 in 1950 and 1951, premium will not be considered as
deductible in determining, the net Alf H; Stone of the Mississippi Tax the purchase of $23,000 6% re$7,000 in 1952, $6,000 in 1953, $7,&
lins &
-
Reentered-as second-class^matterrFebroafy 25,*^^1942; at the post office at New York, N.; Y„ under the. Act of March 3, 1879. Subscriptions in United States and Fo^esstona,.
$26.00 • per year; in Dominion of Oamtdar $27.50 per (year,. - South ■ and .Central America, Spain, - Mexico, and Cuba, $29.50 per year* Great Britain, Continental Europe J except spam)
Asia, Austra,i»
and-Afric&rf31.00 per year., NOTE: iOn-account Of t^e-fluctuations In" the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
J
Again
Revenues
showed that for the ninth straight
month this year the amount col¬
elementary lected has exceeded that taken in
liminary report in August on the
Minneapolis system, made by a
group of outside school adminis¬
ommendation
terest-M-S,-
Commercial -and 'Financial Chronicle i (Reg. U. S. Patent Office) William B;. Dana,. Company,. Publishers, .25-Spruce Street,-New York,-BEekman 3-3341.
HerbertvD; Seibert, Editor and Publisher
William Dana Seibert, President; William,D. Riggs, Business..Manager... Published /twice^ a week [everyThursday (general news and advertising issue) -With a ■statistical -issue, an Monua^j. otner
offices* Chicago—In charge of-Pred H. Gray,.Western Representative, Field Bdilding/(Telephdne State 0613). London—^!dwards-& Smith/1 Drapers' Gardens, London,,B.C. Copyright. 1942 hy William-•
B. ^Dana. Company-.-
~
July 1, 1942.
opened in Septem¬
ber.
yearly largely by cutting of sal¬
Hooper S. Miles, State district bonds.
Treasurer, for distribution was
Detroit, Mich,,
$1,124,900.16.
,
Frederick County (P.
\
the
to
increasing financial troubles, eased
to
'
/
the Detroit Trust
delivered
t
-assessmen
„
for the year
be
funds to permit pro-rata disburse¬
ments of interest on assessment
July, 1941.
Last
should
Bonds
provided
School District (P. O,
Carterville), Mo.
>
of
the
schools—five
Bond Sale Details—In an issue
more may be closed later—result¬
of Sept. 28, page 1107, we reported
ed from an appraisal of the school
MICHIGAN
system's physical plan and effec¬ a sale of $7,500 construction bonds.
tiveness of its utilization* accord¬ We learn that the issue was pur¬
Birmingham, Mich,
ing to the Public Administration chased by the Webb City Bank
Notice. Of Interest Disbursement Service.
of Webb
City, as 23/2S, at par.
—Holders of special assessment
The action was necessary for Dated Sept. 15, 1942.
Due March
bonds have been advised that suf¬ several reasons.
15, as follows: $500 in 1944 and
During the last
ficient money has been collected
$1.000 from 1945 to 1951 incl
in¬
10 years the school board has had
-
.ating and maintaining the hospital
following bonds:
On Jan 1, 1943, Fractional Sch.
Dist. No. 2, Nos. 7, 10/13,15, 23, 28,
30, 34 and 41, dated Jan. 1, 1937,
maturing Jan. 1, 1960.
: :
On Feb. 1, 1943, Fractional Sch.
Dist. No. 1, Nos. 256 to 259, 261,
273, and 281 to 284, dated Feb. 1,
1934, maturing Feb. 1, 1964.
-
than those of July.
"The remittance is made an¬ were being used in bulk rather
nually from the corporation fran¬ than in weekly allotments.
Total receipts for August of this
chise tax, Mr. Matthews said. No
.part of the payment will be used year amounted to $1,215,523.90,
.for operating expenses of the hos¬ Tawes said, as against $1,324,266.82
for August 6i last year. July re¬
pital, he added.
:
"The Legislature at a recent ceipts had come to $927,691.51,
session
appropriated
$2,250,000 compared with $1.216,682,54 for
calls
the
Closes
municipal
35,000
'
Reese
//■/
...
4
H.
Helen
payment at par and accrued
interest
$25,000 defense bonds.
Due $5,000-on July* 1 from 1943 to
1947 incl.
Call—Secretary Board of
Eductation
-
Louisiana
interest to
Townships Fractional
School Districts, Oakland County,
plant
15, 1942.
Oct. 15 from
1943
ous
of
and bear 21/2%
Dated? Oct.
Due
"
?
to
Co.
Waterford
light
: municipal
&
Aug. 1, 1944, and 234% thereafter
to maturity in 1951.
Callable on
or after Aug. 1, 1944.
'
notes.
■
30
Crouse,, Bennett,
Detroit—v. 156,
1195—were sold at a price of
p.
.
That, it .was pointed out,
Sept.
Smith
mills;
$15,000
water works system bonds award¬
,
made.
1371
THE COMMERCIAL & FINANCIAL CHRONICLE
1372
funding
the
choice
first
will
Consumers
Dated Nov. 1,
bpnds will be
$nd ferial bonds
bonds.
issued the entire issue may be put
into
trict—announced
of
$2,500 will become due
payable on Nov. 1, 1943, and
amount
like
a
,
day
except that,
will be in the
Certified check
of $2,300 is required.
(These are
the bonds originally offered on
Oct. 5.—v., 156, p. 1003.)
Montana (State of)
/-
/
;
Property Tax Bill
Reduced — A slash of
more than two and one-half mil¬
liondollars in Montana's state,
Aggregate
Sharply
county and school tax bill for;
'1942, payable next year, was re¬
ported by the Montana Taxpayers'
Association.
the as¬
reported
cut $l,r
The Montana Taxpayer,
sociation's
county
publication,
levies
tax
were
'260,000; school taxes lowered by
$530,000, and state taxes reduced
$846,000,
total of $2,636,000.
a
The State board of equalization
;
Nebraska has yet'to face
shortage.
Even if civil¬
consumption continues
power
to
increase,
Nebraska's available
the
recently ordered no general fund
levy for this year,
which will save taxpayers $676,-property tax
800, the magazine said.
In addi¬
tion. no levy will be necessary for
took
'
of¬
Pater son,
and
not
exodus
the
from Jersey
since
in
obtain
the
future,
of. corporations
City began yesterday,
is
tomorrow
the
date
for
levying assessments. However, the
Legislature Monday night adopted
bill
$71,000 /coupon,
registered street improvement
tending to Nov.
such levies,.
Edward
County,
10
the
J.
ex¬
for
date
:/',:''■•'/■/!,-■
/;//'
'"f The removal of the corporations
New
other
to
ities does not
dustrial
or
bonds
offered Oct. 15—v. 156, p.
1283—were awarded to Ira Haupt
& Co. of New York, and Buckley
Bros., i Philadelphia, jointly,
as
l%s, at a price of 100.056; a basis
of about 1.48%.
Dated Oct. 1,
.
Senator
by-.
1942 and due Oct. 1," as follows!
$6,000 from 1943 to 1947 incl,;
$8,000 from 1948 to 1951 incl. and :
$9,000 in 1952, .%/' //
/.,/'■;
Pennsauken
Township (P* O.
Pennsauken), N. J. ;: ;
Jersey municipal¬
the loss of in¬
mean
installations
fices maintained
to
Jersey
cases
City, since in most
N. J.
Bond Sale—The
-
would
O'Mara, of Hudson
—
to
board
new
fice last July .it was rather plainly
indicated that
such
concessions
a
NEW JERSEY
Camden Housing Authority, N.: J.
office,_ under the resolution,;
Bond Sale
A syndicate com¬
be independent' Of all other
posed of Pheips, Fenn & : Co.,
departments of the district, and
Blyth & Co., Goldman, Sachs &
reports directly to the Board of
Co., - First Boston Corp., HarriDirectors/
...
man Ripley .& Co., Inc., Lehman
"This is another step in the pro¬
Bros., F. S. Moseley & Co.; R. W.
gram of coordination and unifica¬
tion
of
operations
of
the
11 Pressprich & Co., Smith, Barney
& Co., Bacon, • Stevenson: & Co.,
divisions
of Consumers," v. states5
Blair & Co., Inc., Estabrook & Co.,
Charles
B.
Fricke," President.;
"Further
duties- for
this
office Graham, Parsons & Co., .Kidder,
will
include • the
prescribing of Peabody & Co., Lazard Freres &
Co.,, Paine,. Webber, Jackson., &:
standard forms and procedures in
management and budget control. Curtis,. Stone 8c Webster and BlodConsiderable progress has already' get, Inc., Union Securities Corp.,
B. J. Van Ingen & Co., Eastman,;
been made in this direction and
Dillon & Co., Equitable Securities
the directorate has been studying
Corp., Harvey Fisk & Sons, E. F.
for some time methods for fur¬
Button & Co., Reynolds & Co., E.
ther unifying operation and ac¬
H. Rollins & Sons, Roosevelt &
counting procedures.
As a part
of the
plan,-the directors have Weigold, L. F. Rothschild & Co.,.
A. C. Allyn & Co.; Charles Clark
instructed Consumers' consulting
& Co., Kean, -Taylor & Co., all .of
engineers, now examining opera-;
tions
of the
district under the New York, R. S. Dickson & Co., of
Charlotte, Geo; B. Gibbons & Co.,!
bond resolutions for a report to the
bondholders, to broaden the scope Inc., of New York, McDonaldCoolidge & Co., of Cleveland, and
of their investigation and to rec¬
Putnam & Co., of Hartford, was
ommend from time to time for im¬
is
of $500.
amount
the
Monday, October 19, 1942
When the
war
This
the last installment
.
points in
ian electric
of Budget Control and Audit un¬
der the "direction of a Controller.
the same
on
'each year thereafter,
many
Power
Public
—Consumers
$500 each.
'and
State,
a
at
firm power situation will remain
Dis¬
adoption of \ favorable,.-according to present
estimates. *•
;•
•__/
•
resolutions establishing the office'
or divided into sev¬
If serial bonds are is¬
will be in the amount
sued they
recent
a
Regardless of the influx of
V'
activities
publicly-owned, State-wide utility
bond
one
eral bonds.
District
Bureau Estab¬
meeting the
Board of Directors of Nebraska's
lished—At
If amortization bonds are
council.
Pbwet
"
Control
Budget
choice of the
the* second
be
Public
(P. O. Lincoln), Neb.
Amortization
•1942.
•
the of¬
were
for admin¬
Bond
Offering—Robert V. Pea-
body,' Township
ceive
•
;
Clerk,
will
until
bids
sealed
re¬
P.
8
M.
istrative, not manufacturing, pur¬ (EWT) on Oct. 26 for the pur¬
poses^
./•//-■ ••
\
chase of $463,000 not to exceed
/ The majority of the transfers— 4% interest
coupon or registered
twenty-one
corporations—was
to
refunding
bonds.
Flemington, in Hunterdon County,
000.
Interest
J-D.
Dated June
which
has
a
tax
rate
cents for $100. •<*
,:
,
of
only 74
i.;v.^'..////
1, 1941.' Denom. $1,Dec. 1, as follows: $30,-
Due
000
in
1946
to
1948,
1949, $70,000 in
1951, $63,000 in
Tax Revision Program Sched¬
1953, $15,000 in
uled—Governor Edison has said,
1955, $25,000 in
he hoped to be' able to have a
1957, and $30,000
program for revision of the State's
interest to be in
intangible property/tax law ready or
New
for'the
Nov.
Legislature.'
had
011
one-tenth of
16
session
of
the
Governor
The
has
special committee working
the problem several months.
a
Differences
the
in
tax
rates
existing law resulted in
the successful bidder for the Ser¬
more
than
ies A
under
their
the
for
same
$25,000
ih
and must be
1%
of
all
the
bonds.
Principal and interest payable in
lawful
at the Pennsauken
money
Township National Bank, North
Merchantville, or at the /Phila¬
delphia National Bank, Philadel¬
phia.
No ^proposal will be con¬
sidered .which
specifies ;; a rate
higher thah the lowest rate stated
in any legally acceptable proposal.
Each
proposal
must
state
the
amount bid for the bonds, which
/100. corporations
moving
principal offices from Jersey
(First Isssue) bonds to the;
tions and for economies' therein."
the Capitol building bond fund, re¬
amount of $367,000, at 100.00/ & City last month, prior to Oct. 1,
Consumers Public Power Dis¬
sulting in a further state tax cut
met interest cost of 1.9372%., as the date when the year's assess¬
trict, in the brief span of less than
•of $169,300. '
'
ments are usually made.
Most of
follows:
For
$24,000
maturing
two years, has become the largest
:
Total county taxes, including electric utility in the State of April 11 1943, as 4Vfes, $26,000 ma¬ them went to Flemington, where
the rate is. low.
school levies, will be lower this
//•;'' ; j; ,.7y; shall be not less than $463,000 or
Nebraska and one of the largest turing April' 1, $9,000 in 1944 and;
"year in all but 10 of the State's 56 in
;
the
Central
Originally Edison planned to more than $464,000. As between
y West.
Serving 1945,-$8,000 in 1946, as 2%s, $28,/
■counties.
000 maturing April 1, $9,000 in submit an entire personal prop¬
/;
nearly 100,000 customers, the dis¬
legally acceptable proposals sped"The average tax levy for coun¬ trict
operates in 75 of Nebraska's 1947, $10,000 in 1948, $9,000 in erty tax revision program to the ifying the same rate of interest,
1949, as 2.10s, $242,000 maturing new Legislature in January, 1943, the bonds will be sold to the bid¬
ty purposes in 1941 was 27.87 93 counties.
War projects perhaps account April 1, $10,000 in 1950 to .1953, but the exodus from Jersey City der complying with the terms of
mills, which means $27.87 taxes
for any property valued in full .at for considerable gains in the kilo¬ $11,000 in 1954 to 1957, $12,000 in has caused him to seek completion sale and
offering to accept for the
•about
$3,500 or with a taxable watt hour output of Consumers' 1958 to 1961, $13,000 in 1.962 to of the intangible .personalty plan amount bid the least amount of
valuation of $1,000," the Taxpayer six major divisions on which com¬
Expectations are bonds, the bonds to be accepted
1964, $14,000 in 1965 to 1967, $15,- by next month.
Said, and added:
parative figures were available at 000 in 1968, $14,000 in 1969,' as the remainder of the program/in¬ being
those
first
maturing,
:
property, and if two or more bidders offer
"For
1942 the average county the end of the first seven month* I.90s, and $47,000 maturing April volving real personal
1, $16,000 in 1970, $15,000 in 1971, will be submitted in January.
"tax rate has been cut 3.77 mills. of 1942. They are as follows:
to accept the same least amount,
In the Central Division, as of and $16,000 in .1972, as 2s/
1 Edison said he wanted to have then to the bidder offering to
That means a cut of about $1,260,efficiency
proved
of such opera¬
,
,
-
1950, $50,000 in
1952, $30,000 in
1954, $30,000 ih
1956, $35,000 in
in 1958. Rate of
multiples of M
Jersey (State of)
■
.
"
>
; V
t)00.
1 July
'r''1
-
'
"The
general county school and
the county-wide high school levies
have been reduced
"1.58 mills
$530,000
"The
'for
or
the average
reduction of about
a
government
School purposes
in
comparison
and
will be 39.81 mills
with
45.16
/. Alliance, Neb.
v
Bond Offering — R. W. Laing,
.City Clerk,- will receive sealed
;
7:30
bids, until
time)
M.
P.
(mountain
Oct. 22 for the
on
pur¬
Division
from
1942,
The
revealed
an
5,476,510 for Janu¬
///'.'/
The
■•...••'i
Eastern
months'
Division's
first
a
":J/-
Fair Lawn, N.
Bond
or
Sale—The
$50,000 coupon'
registered water bonds offered
Get;
13—v.
.1003—were,
awarded to Ira Haupt & Co., of
New York, and Buckley Bros, of
Philadelphia, in joint account, as
2V2S, at a price of 100.184,-a basis
of
about
1942
156,
2,48%.
and
due
p.
Dated
•
Oct.51,]
well-considered
erty
was
tax
one
intangible
prop¬
The
the bill of Senator
the
extended
Nov. 10.
O'Mara which
/assessing
date
to
It is understood city and
corporation officials are attempt-;
ing to work out a plan that will
stop the exodus, from Jersey City
and
cause
Oct.
some
of
1, as-follows:
$2,000 from 1943 to 1952 incl. and
those
compa¬
total
a
output
of
-
,
—
chase of $75,000 funding bonds.
Dated Nov. 15, 1942,
Denom.
•$1,000.
Nov.
Due
1951, op15, 1946.
No bid for
'less than par will be considered.
Delivery will be made on or
'tional
15,
Nov.
before
Nov.
25, 1942.
Principal
'and interest payable at the Coun-ty Treasurer's office. The printed
'bonds
the
and
approving opinion
-of Wells, Martin & Lane, of Oma¬
ha, will be furnished. Award will
be made
on
basis of the lowest
a
interest rate expressed in percent
and/or
fraction
thereof, except
•
that, if the written offers of two
or
more
bidders
posals
to
lowest
rate,
constitute
purchase
at
-
pro¬
the
more
lowest
the
award
to
the
lowest
net
In neither the Southern Division
bidders, making
bidder having
the
nor
the
Missouri
Valley Division
were
comparative reports avail¬
able, since Consumers did
not!
operate
either
property
during
this
his
;
offering the highest premium
period in 1941. Total sales for
these, divisions to Aug. 1, 1942;
however, show the Southern Divi¬
in
addition
sion at
bonds
to
3.
an
to
his
being
by
reason
bid.
offered
the
These
subject
may include in their
following
statement!
"This .proposal is conditioned
on
the
'taking
the
of
election to. be held on Nov.
Bidders
:bids
,
are
rate
Federal
Government
legislative
interest
of
action
future
to
issues
check for 1%
of the
In. view of the vast removal of
property
tax
from
State
and
county
rolls
occasioned by numerous
installations how dotting 'the
up¬
not
State, Consumers' policy of mak¬
ing payments "in lieu of taxes" is
tax
of
bid, payable
Hoper, City Treas¬
urer.
•
war
municipal bonds on or before Nov.
25;
1942."
Enclose
a
certified
to Clarence H.
4,380,797, and the Missouri
Valley Division at 1,260,685.
proving
school
popular,
boards.
Consumers'
more
to the
than
especially with
Nearly half of
annual
tax
bill
of
$375,000 goes directly
support of Nebraska's pub¬
lic schools.
Edison and had
ber 1 to December 1,
•
its ironic
equal to
the interest
bonds accrued
payment
of
on
to the date of
the
purchase price,
prior to the de¬
livery of the bonds the income re¬
In the event that
ceived
by
private
bonds of the
same
shall
acter
be
law,
the
holders
from
type and char-
;
taxable
by the
Federal income tax i
terms of any
successful
bidder
may,
:
at his
election, be relieved of his /
obligations under the contract to
purchase the bonds and in such
case
the
deposit accompanying
his
bid
bonds
will
These
be, returned.
part of
are
authorized
an
issue of $3,031,000. The successful
bidder will be furnished with the /
opinion of Hawkins, Delafield &
Longfellow, of New York, that the
bonds are Valid and legally bind¬
ing
obligations
the
of
township.
for $9,260, payable to order of the town¬
Enclose
ship.
v-
...
same
the
City Council at
its discretion may elect to invite
.oral bidding between these two
or
.
amount
the
<
therefor; the highest price.
purchaser must also pay ah
pay
program and that this
of his purposes in signing
nies that have moved to Flemingreport
ton and other places to return.
71,305,324 this
$3,000 from 1953 to 1962 incl. Sec¬
TheGovernor
year, compared to 69,214,937 for,
indicated,■; his
ond high bid of 100.07 for 2V2S
the same period a year ago.
main purpose in calling for re¬
was made by. Fair.
Lawn-Radburn, vision of the tax laws will* be to
Elkhorn
Division sales
regis¬
Trust Co., .Fair Lawn.
/ v. '. '
tered 2,289,550 thrbugh Jtily this
prevent the
corporations from
year and 2,108,498 for the same
moving out of New Jersey, \ ;
Jersey City, N. J. ■ ' ' «v
period last year.
•
Tax Losses Set At $1,000,000 As
Gas
Tax
Revenues
DeclineIn the Northeastern DivisionsFirms Move Offices
Following Gasoline tax collections for July
total sales for
the seven-month
report appeared in the New York' of this year amounted to $2,120,period this year topped last year's "Herald Tribune" of Oct.
1:;./yh. 396.73 as compared with $2,855,total-to-date by nearly two mil¬
Faced with the imposition of a 361.66 in July a year ago.
The
lion.
The record revealed 9,917,high- tax raterin Jersey % City; downward trend in gasoline tax
683 for 1942, against 7,938,041 for
thirty-eight,, more
corporations' receipts in New Jersey started in
the same period in 1941.
have
notified; the Secretary ofj March With a drop of 2.39%, com¬
The
Western
Division
report State that
they will move their! pared with receipts /for March,
was not strictly, comparable.
The New
Jersey offices' elsewhere in 1941, according to the: motor fuel
1942
report,
complete
for
the the state." With seventeen
corpor¬ division-of the "State Tax Depart¬
seven months, showed total sales
ations; that have already moved ment/;'/'" ;
/'
/ •:
of
20,750^303 kilowatt
hours, the tax- loss to
Jersey City will
Plan Change I11 Tax Date—Sen¬
against a six-months' figure for amount to about
$1,000,000..
ator O'Mara of Hudson said Sept.'
1941 of 16,478,482.
Operating de¬ / The situation was
brought on by 25 he will introduce a bill in
partment estimates, however, were the"
ousting of the old Hudson the Legislature to change the date
certain of a gain in this division
County Board of Taxation and the for assessing properties in New
because of. additional war indus¬
appointment of a new" board by Jersey municipalities from Octo¬
tries being served in that area.
Governor Charles
showed
NEBRASKA
in
through July, 1941, to 5,997,for the corresponding period
in 1942.
seven
i
'War
192
mills
last year.
months
Columbus
ary
figures
16,757,-
1941, to 17,563,374 for the
seven
increase
county-wide levy
average
county
year-to-date
increase from
an
448 in
first
on
in taxes.
more
31,
showed
~
certified check
a
-
;
•
.
/ Woodbury, N. J.
'■■■■. V
Bond Sale —The
walk
Oct.
assessment
•
13—V.
awarded
of New
of
to
York;
100.022,
Dated
a
p.
B.
as
$13,000
bonds
156,
H.
/
'
.
1
side¬
offered
1284—were
Boland
0.90s, at
Co.
&
a
price
,
basis of about 0.89%,
Oct.
1, 1942 and due Oct. 1
1, as follows: $3,000 .from 1943 to l
aspects," since a number
The purpose of the extension,. 1945 incl. and
$2,000 in 1946 and
ago it was Mayor Frank
O'Mara says, is,.to give taxpayers 1947.
Second high bid of 100.014
Hague of Jersey City who urged
on intangible property an oppor¬
for Is was made by Bioren & Co,
the New York Stock Exchange1,
tunity to negotiate with local tax¬ of Philadelphia.
•
.
to move across the river to
escape;
ing authorities before the levies
proposed taxes on security trans¬
are
fixed.
NEW YORK
actions and to enjoy the benefits
O'Mara .said; /'A large number
of lower taxation in New
East Rochaway, N. Y.
Jersey.
domestic
corporations
with
Under New Jersey law munici¬ ofBond S4Ie—The $31,500 coupon
palities are empowered to assess principal offices in Hudson County or registered
refunding and im¬
the" intangible properties of-cor¬ have signified their fear that the
provement bpnds offered Oct. 15
Hudson, County
Board of
porations at ~ the prevailing; tax new
were
awarded to Francis I. du
Taxation
will
attempt to levy
rate, which in Jersey City is $5.4(1
Pont & Co., New York, as l%s,
each $100 of assessed valuation. upon intangible personal property at a
price of 100.059, a basis of
a tax on these corporations which
In the
past/however/Jersey City,
about 1.74%.
has granted concessions and im¬ would not and could not be paid
of years
•
■
.
posed
taxes
considerably under
prevailing tax rate, and one
of the counts
against the former
Hudson County Board
of Tax¬
the
ation
was
that
concessions.
it
The bonds
by them."
Hudson County
has been fight¬
ing the new tax board since Gov¬
Edison ousted members of
ernor
sustained ' such the",
TiQUT
old board and appointed the
momhprc
.
are
described
>
$10,000 refunding of 1942.
$1,000.
fol¬
as
lows:
Due $5,000
in 1948 and 1949.
Denom.
on
Oct. 1
1
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4117
1|56
The total amount of assessable
21,500 improvement of 1942, >Denoms. $1,000 and $500.
Due. property in Rochester for next
Oct. 1, as follows; $2,500 from year is $530,195,219 as against a
1943 to 1947 incl.; $2,000 from total for this year of $529,369,653.)
The city tax levy, upon which
1948 to 1950. incl. and $3,000
the tax rate-is based, was $16,in 1951.
All of the bonds are dated Oct.; 724,647 this year and the tax rate
is $29.95. Last year's tax levy was
1,1942. Prin, and int. (A-O) pay-'
City Manager Cart-I
able at the East Rockaway Na¬ $17,554,335.
tional Bank & Trust Co., East wright has set next year's tax rate
at the tentative figure of $29.78 or
Rockaway. Legality approved by
17
cents per
$1,000 under this
Hawkins, Delafield & Longfellow |
year's rate.
1
of New' York;
•
'
'
City,•'/
'
VS
Glen Cove, N.
,
;•.'■;/
Year
High—Payments on the 1942
city tax levy, up to September 1,
ey, Commissioner of Finance, will pointed to the best year's collec¬
receive sealed bids until 11 A. M. tions in 20 years, according to City
(EWT) on Oct. 22 for the pur¬ Treasurer Haskell H. Marks.
In
chase of $78,000 not to exceed 5% the first eight months of this
year,
interest coupon or registered re¬ he reported, 92.6% of the city tax
j
'
-
bonds.
Interest A-O. levy of $16,724,647 had been col¬
1, 1942. Denom. $1,000. lected, as compared with 90.9%
Due $26,000 Oct. 1, 1956 to 1958. of the 1941 levy of $17,554,335.
Rate of interest to be in multiAugust collections amounted to
jules of % or one-tenth of 1% and $2,918,000, leaving an uncollected
the
for
same
all of the
Issued' to provide funds
outstanding bonds matur¬
ing in the year 1943.
Principal
and interest payable at the. Glen
"Cove'Trust Co., New York.
No
bid will be accepted for separate
maturities, or at less than the par
bonds.
,
to
,
.
pay
of
value
The
bonds.
the
will be valid and legally
of
ment
bonds
the
and
bonds
interest
.
";furnishedtOthesuccessfulbiddei\
prior to the de¬
livery of the bonds the income
ceived
.
/bonds of the
re-
from
and char¬
s(iair be taxable by the terms
acter
of
holders
private
by
any
same type
Federal" income tax law,
,
■
Clerk
and
Cole
revenue anticipation notes was re¬
cently sold to the First National
for each of the
an¬
Bank of
trict.
pursuant
interest.
H.
town,
Mason,
Winston-Salem, at 0.92%
option reserved, has called for
on
Dec. 1, refunding
bonds, dated Dec. 1, 1933, due
Dec. 1, 1948, numbered 6, bearing
interest at 5%%i- and 10, 15, 17
and 19, bearing interest at 6%.
Winston-Salem, JV. C*
at
To Refund
pleting
Bond
Bonds—City is
arrangements
13—v, 156,
refund
to
DAKOTA
Bond
Election
An
—
1942
issue
$300,000
from and after Dec,
1, 1942.
Stokes
O.
of
County
;.'"v.
Bond
(P.
Danbury),
N.C.
airport
will
be
construction
by the
considered
vW;.vr-
.
Offering—W.
E.
Blue
Easter-
Ash Rural School District,
a
coupon
offered Oct.
1109—were awarded
Co.
of
Cincinnati,
lowest
the
as
price of 100.17, a basis
1.47%.
Dated Oct. 1,
and
due
1944
to
$1,000
1952
on
incl.
Dec. 1
Second
.
Parma City School District, Ohio
Bond Offering—John H.
Wanek,
Clerk-Treasurer of the Board of
Education, will receive sealed bids
Ohio
until 7 p.m. (EWT) on Oct. 26 for.
ernment
the
dis¬
high bid of 100.84 for l%s was
made by J. A. White &
Co., Cin¬
cinnati./^
.
: ■
voters at the Nov. 3 election.
bonds
the
$9,000
bonds
p,
&
about
from
1943 and all subsequent coupons
Interest
shall
cease
attached.'
%s, at
of
Fargo, N. Dak,
Co., New York, N. Y., with June 1,
Pohl
to
1
NORTH
Sale—The
improvement
com¬
$226,000 of maturing bonds.
The bonds should be presented
the Chemical Bank & Trust
comprise
Montgomery School District, Ohio
to
payment
townships, Aid and
which
the purchase of
$45,000 3% series
Y coupon
refunding bonds. Dated
Oct. 1, 1942. Interest J-D. Denom.
$1,000. Due Dec. 1,
000
in
1949.
and
as
follows: $5,in 1950
$10,000
to
1953.
Bidders may bid; for a
different rate of interest in mul¬
tiples of T/i of 1%.
are
as
These bonds
payable from taxes' unlimited
to
rate
amount.
or
Principal
and interest
payable at the Cleve¬
land
Co,,
Trust
Cleveland.
The
approving opinion»of Squire, San¬
ders & Dempsey, of Cleveland,
will be furnished. 'The bonds will
be sold for not less than par and
accrued
tified
interest.
check
for
Enclose
a
cer¬
$500, payable to
the District Treasurer.
Sputh
Boulevards
(P., * O.
Mans-
/J/
| field), Ohio
['■:
/ Bond SaleF-The $26,77^.56 cou^;,
,
pon
4
Sewer/District No; 1 bionds
13—V; 156, pf 1197-/4;
offered Oct.
awarded to Fox,, Reusch
were
&c.
i Cincinnati,; as; 2s, , at
a,
price of' 101.12; a basis of; about
Co.
of
1.887%/' Dated
Oct.
1; ,1942 ;and
156, p. 1109—was awarded to due on Oct. 1 from 1944 to 1963
county, such cost to be determined Ryan, Sutherland & Co. of Toledo, incl. ' :
election, |be relieved of his obliL; ,//■'
;
as l%s, at a price of 100,58, a basis
by deducting the total amount of
gations under the contract to pur¬
Zanesville,' Ohio
';; /
from January 1 to August 31 this the premium bid from the aggre¬ of about 1.61%. Dated Oct, 1, 1942
chase. the bonds and in such case
and due on Oct. 1 from 1944 to
Bond
the
Offering — H^enry
F.
deposit accompanying his' bid year was $5,663,261. To this can gate amount of interest upon all 1948
incl.
Second high bid of
Stemm,! City Auditor, will receive
will be returned. The city oper¬ be added the amount realized of the bonds until their respective
months period a year ago.
With August collections added;
the
amount
of
taxes
collected
the successful bidder may, at his
.
be estab-;
lished with separate school boards
Sale—An issue of $10,000
—
•
,
the
abolished, two
will
.
binding
or amount.
The opinion of Haw/king, Delafield, & Longfellow, of
New York, to this effect will be
In the event that
Note
districts
separate
t
thereon without limitation of rate
-
that
nounces
Town
—
George
If the district is
Brevard), N.C.
.
obligations of the; city, and the
city will have power and will be
obligated to levy ad valorem taxes
upon all the taxable real prop¬
erty within the city for the pay,
Transylvania County (P. O,
ling, Secretary of the Local Gov¬
Bond Sale—The $16,000 coupon
Commission, will receive
sealed bids at his office in Raleigh, improvement bonds offered Oct.
balance of $1,226,000, against col¬ until 11 a.m. (EWT) on Oct. 20 13—v. 156, p. 1108—were awarded
lections of $3,077,670 in August, for the purchase of $31,000 gen¬ to Pohl & Co. of Cincinnati, as
1941, and an uncollected balance eral refunding bonds. Dated Oct. l%s, at a price of 101.125, a basis
Dated Oct. 1,
on
Sept. 1, 1941; of $1,584,000. 1, 1942, maturing annually on of about £.616%.
However, Mr. Marks estimates April 1, $5,000, 1956 to 1960, incl., 1942 and due $1,000 on Dec. 1
from 1944 to 1959 incl.
Second
there is an additional $50,000 in and $6,000, 1961, without option
the mails that has not yet been of prior payment.
There will be high bid of 100.112 for l%s was
made by Weil, Roth & Irving Co.
no auction.
Denom. $1,000; prin.
credited.
.•
».;;;
v/ —
The final instalment of the city and semi-ann. int. (A-O 1) pay¬ of Cincinnati.
able in lawful money in New York
tax, payable in four quarterly in¬
Bowling Green, Ohio
stalments, was due August 31, City; coupon bonds registerable as
Bonds Authorized
The City
Last year, in the final four months to principal only; general obliga¬
Council has passed ordinances au¬
of the year the uncollected bal¬ tions; unlimited tax; delivery at
thorizing the following 3% and
ance was reduced from
$1,584,000 place of purchaser's choice. Bid¬ 3% % bond issues: $540,000 elec¬
to $797,000. If the same ratio holds ders are requested to name the
tric system bonds, to mature on
true this fall, Mr. Marks said, the interest rate or rates, not exceed¬
Sept. 1 from 1944 to 1967 incl.,
existing unpaid balance would be*« ing 6% per annum in multiples of and
$450,000 water works bonds,
reduced on December 31 to about I4 of 1 %.
Each bid may name to mature on
Sept. 1 from 1944
$500,000, or only 3% of the budget, one rate for part of the bonds to 1967 incl.
Each issue wil be
the best record since the '20s. v
(having the earliest maturities) dated
Sept. L 1942. Denom. $1,Monroe County (Rochester} has and another rate for the balance,
000.
Principal and interest (M-S)
collected all but a small propor¬ but no bid may name more than
payable at the Bank of Wood
tion of its 1942 tax levy of $5,814,- two rates, and each bidder must
County Co., Bowling - Green.
;.
388.
Percentage of collections up specify in his bid the amount of
to September 1 was 97.4%, which bonds of each rate.
The bonds
Campbell, Ohio
■' t'\*
Bond Sale—The issue of $18,000
is greater by 4-10 of 1% than was will be awarded to the bidder of¬
collected at the end of the eight- fering to purchase the bonds at judgment bonds offered Oct. 10—
1
'must' be
Call
Bond
Treasurer
funding
Dated Oct
100.12 for 2i£s was made
Fairmont, N. C,
Tax Collections May Reach 20-
' '
Bond Offering—Harvey L. Dox-
i {■
bid of
by McDaniel, Lewis & Co.
1373
Vr
interest
cost
to
V.
i
k
ates
under
through
its Charfen cQnaliluL
sale of tax
liens August
This amount probably will
ing Chapter 787 of the Laws of 20.
1917, as amended, and the pro- bring the total of taxes still out¬
'posed bonds are authorized by standing to around the $50,000
mark.
<
v'j
•
/said law and by Section 8 of the
"
i,3/v'1/-.'•' Vi
>-able• to the/city;
■New
York
City Tunnel Authority,
:
Y.
N.
,
.
Bonds Purchased By RFC—The
.
Reconstruction
tion
on
Finance
nel construction bonds, increasing
its aggregate holdings to $10,000,000.
Bonds have
•■■■;years.
-
a
maturity of 50
■/;;■,
v
.
Ossining (P. O. Ossining), N. Y.
/
Sold—The
Certificates
Trust
Co.
White
of
County
Plains
pur-
Oct. Han issue of $50,143.60 tax certificates at 0.74% in¬
chased
.
terest,
on
plus
Dated Oct.
:'
'
.
15, 1943;.,
a
premium... of
■
Oct.
from
15,
as
1951
follows:
to
$75,000
1954 incl. and
$63,000 in 1955.
^ ;: T !
285,000 water bonds. Due Oct. 15,
as follows: $85,000 in 1943 and
•;
$100,000 in 1944 and 1945.
.
Rochester, N. Y.
(
! ments
; have been
;
•
cording
increased $826,566;
figures released
ac-
by
i;;City Assessor William H. Woodto
worth.
The figures cover assessments
..•for 1943 and show an increase, in
.
special franchise valuations and in
pension exempt prpperty.
The
franchise valuations are $19,270,•
;
822, compared with $18,287,367 for
this year and pension assessments
totaling $3,019,345, compared with
$2,891,590 for 1942.
The increase in
pension-exempt
property means that the city loses,
to
the
extent- of $127,755, the
straight city; tax next year on
property owned by veterans and
others, but picks up nearly a milf'
lion dollars in taxable valuations
>:■ on franchise property owned by
.
.
•
public utility corporations.
a
must
be
en¬
sealed
will be returned.
as
follows: The county defaulted on
its bond principal and interest in
May, 1933, and was not able to re¬
cover
without
156,
—
1197—were awarded to
Seasongood & May of Cincinnati,
as
l%s, at' a price of 100.117; a
v.
p.
basis of about 1.718%.
Dated Oct;
1942 and due $1,000 on Oct.
1,
from
1944
to
1948
incl.
Cuyahoga Falls, Ohio
Sale—The $110,000
June
1
and
assistance. Ac¬
some
cou¬
Dec.
1942.
Due Nov.
000 in 1943
to, 1957 incl.
&,Co...,.,;..
100.68!
100.67
,100.91.
street
im¬
Dated Nov, 1,
1,
and
as
follows: $4,-
$5,000 from 1944
Interest M-N.
Prin.
and int. payable at the City Treas¬
urer's office. A certified check for
;
Francis, Okla.
Debt Refunded
1
Rate Bid'
101.42
101.16
100.90
interest
William Roy,
Clerk, reports .that at a
meeting on Oct. 5 the Board of
Trustees arranged for refinancing,
of the outstanding bonds in the
amount of $20,275.
/,
•!
—
Town
'
otis
1% %
School District (P. O.
Coalgate), Okla.
Bond Sale Details—The $11,000
lJ/2% refunding bonds reported
sold in these columns on June 1,
page 2054, were purchased by the
Treasurer of Seminole County.
from 1947 to 1955 incl. Other bids:
Bidder—
:
V.-';
Int. Rate
Doll & Isphording.
2\y,
Havvley, Shephard & Co...-.,
■Fox, Reusch & Co......
2w:M
McDonald-Coolidge & Co....,
2V*%;
First Cleveland Corp....
: 2Vi'>-
Oct. 27
Coalgate
refunding bonds offered Oct.
12—v. 156, p. 1197—were awarded
to Stranahan, Harris & Co., Inc.,
of Toledo, as 2s, at a price of
100,185, a basis of about, 1.98%.
Dated Oct. 1, 1942 and due semion
oh
OKLAHOMA
pon
annually
exceed
$740 is required.
1
Toledo.
Bond
noon
provement bonds.
Second
high bid of 100.34 for 2s was made
by Ryan, Sutherland & Co. of
;
sealed bids until
he-purehase-ef $74,OOO^not-to
Conneaut, Ohio
The $5,000'delin¬
quent tax bonds offered Oct. 9~r~
Bond Sale
VanLahr,
Official notice of sale states
Fox,
.
Mooreland, Okla.
;'■■>*
Price; Paid—The $11,000 hospi¬
tal bonds purchased on May 11 by
C. Edgar Honnold of Oklahoma
Law-. City—v.. i56f p. 1885—were sold
rence County, Ohio •
at a'price. of par.
, '
Unit May Be Abolished — The
Mason-Aid
School
District,
cordingly, a Refunding Plan dated >•
Oct. 2,
1935, was presented to
holders
of
| ,
Tulsa, Okla.
bonds
maturing be¬ above district will be abolished by
Seekk Legal Opinion On Invest¬
tween Oct. 2, 1935 and June 30, the Lawrence County Board < of
ahan, Harris & Co., Inc., New
ing Bond Issue Proceeds—Mayor
The plan provided for ex¬ Education 5; unless
York.
The First National Bank 1937.
50%
of ,the
C. H, Yeale recently asked State
of
Chicago arid the Northern change of new bonds (redeemable qualified vpters of that district f|le
Attorney General M. Q. William¬
Trust Co. of Chicago joined in prior to maturity on any interest petitions objecting to the move,
son for;,an: opinion as to whether
making an offer of 100.266 for payment date) dated Dec. 1, 1935, it was announced by Rom ,J, State
legislation would be neces¬
1.20s.
A considerable number of maturing Dec.f 1, 1952 and of like Willis, Superintendent of County
sary, a^ well as Federal legisla¬
as
the
refunded Schools.
i
additional bids were received at interest rates
bonds.
The plan was soon comr
Mr; Willis said the Board has. tion, in order for the city to in¬
.the sale.;
V •
vest the unused proceeds of a $1,pleted and in 1941, $87,000 of the considered such a move since the;
1935 bonds were called for re¬ voters of the district last spring 037,000 improvement bond issue in
NORTH CAROLINA
government bonds. City is unable
demption and payment with pro¬ failed for the 10th consecutive
to employ the proceeds for the
Columbus County (P. O.
ceeds from the sale of new re¬ time to approve a bond issue for.
proposed purposes due to inabil¬
Whiteville), N. C.
funding bonds.
The bonds now the erection of a new high school
Bond Sale—The $40,000 refund¬ offered are for refunding the re¬ to replace the one which the State ity to obtain materials.
ing bonds, including issues of $25,- mainder of the 1935 bonds now had ordered closed.
OREGON
000 road and bridge and $15,000 outstanding.
Since then, the district has had
If the bonds offered
Grant County (P. O. Canyon City),
are sold, the proceeds will be ap¬
no
school, offered on Oct. 13—v. 156,
high school and has been
Ore.
p. 1284—were awarded to Kirchplied to redemption of such out¬ forced to send its pupils to three
Bond Call
ofer & Arnold of Raleigh, as 2%s.- standing bonds on Dec, 1, 1942. adjoining high schools^ The Board
County Treasurer
at a price of 100.27, a basis of Stokes County is not in default at this time handles only the high Julia R. Mosier calls for payment
about 2.48%.
Dated Oct. 1, 1942 in the payment of principal or in¬ school transportation -problem and on Nov/l, road bbmis, dated Aug,
and due Oct. 1, 1961. Second high terest on any of its obligations.
1, 1921,^umbered 221 to 242 incl.,
the' elementary schools.
:
Tax Valuations Higher—Assesson real estate in the city
;
.•
Bids
less
_
$5.
Salomon. Bros. & Hutzler of New York, Second high bidder, named a rate of 0.85%.
in
of
envelope
marked "Proposal for Bonds" and
While collections last year for be
accompanied by a
certified
the
eight-months
period
were check upon an incorporated bank
slightly in excess of this year's or trust company, payable uncon¬
collections, or $5,850,356, the tax ditionally to the order of the State
levy for 1942 was greater by about Treasurer of North Carolina for
$610. The right to reject all bids
$200,000.
Rochester home relief costs fell is reserved. The approving opin¬
to $111,568 in August, the lowest ion of Messrs. Peck, Shaffer, Wil¬
liams & Gorman, Cincinnati, will
for .the year.
be furnished the purchaser.
In
:
Schenectady, N. Y.
the event that prior to the deliv¬
Bond Sale—The $648,000 coupon
ery of the bonds the income re¬
or
registered bonds offered Oct. ceived by private holders from
14—-v. 156, p. 1284—were awarded bonds of the same
type and char¬
to a syndicate composed of Kean, acter shall be taxable
by the terms
Taylor & Co., Coffin & Burr, and of any Federal income tax law,
Bear, Stearns & Co., all of New the successful bidder may, at his
York, as 1.20s, at a price of 100.- election, be relieved of his obli¬
514, a basis of about 1.122%. Sale gations under the contract to pur¬
consisted of:.; * <
; :>/////;// chase the bonds and, in such case,
$363,000 refunding bonds. - Due the deposit accompanying his bid
15,, 1942 and due July
f
entertained.
closed
bid
.
Corpora¬
Oct. 13 purchased an ad-
ditional $1,000,000 of the $57,000,000 3V2% Battery-Brooklyn tun¬
■
100.27 for l3/4s was made by
Reusch & eo. of Cineieeath
No
.
Gerieral Municipal Law,
Enclose
a certified check for $1,560, pay-
,
than
and accrued interest wlll be
maturities.
par
All of the bonds
are
dated Oct.
,,
15, 1942.
Second high bid of 100.277 for 1.20s was made by Stranr
,
.
,,
—
THE
1374
will be
paid at the County Treas-|
Interest ceases on
date called.
Oregon City, Ore.
Reduction — The
Debt
'
city's
entirely
by October, 1945, City
cleaned up
be
will
debt
bonded
Manager J. L. Franzen recently
announced. From a peak of $960,316 bond
current
a
indebtedness in 1927, to
debt of $169,000, was,
reduction made
the
a
over
long-
the
Franzen said.
adopted
program
range
city commissioners,
Cash is on hand
by
retire the
to
$11,000 of general fund bonds
next July and current income will
suffice to retire the $80,000 water
bonds
and $78,000 improvement
bonds by Oct. 1, 1945, according to
last
Franzen's figures.
;
.
;
planning of im¬
provements has - been gone over
by
the commissioners,
so that
A
long-range
disposal
"plant may be acquired without
ever again issuing bonds, Franzen
said./
y%/;/./':;
\i
such
PENNSYLVANIA
Chester, Pa.
will
Clerk,
receive
Lewisburg), Pa.
Bond Issue Approved—An issue
A. M. on Oct.
sealed bids until 10
purchase of $60,000 not
exceed
3%
interest
coupon
27 for the
ent
$10,000 funding bonds was ap¬
proved by the Pennsylvania DeJ
partment of Internal Affairs.
of
[
Ever son, Pa.
Sale—The issue of $10,bonds offered Oct. 8—v. 156,
Bond
.....
000
1198
p.
awarded to PhiL
was
—
lips, Schmertz & Co. and George
G. Applegate, both of Pittsburgh,
improvement bonds.
Bid¬
jointly, as 3V2S, at a price of 100.name one of the following
^interest rates: 0.75%,-l.%v 1 lA%r 532, a basis of about 3.44%. Dated
Oct. 1, 1942 and due $1,000 on Oct.
>1%%, 1%%,.. 2%v 2V4%, 2
1
in. even years beginning with
-:23/4%, or 3%. Interest A-O. >
Dated
Oct.
1, 1942.
Denom. 1944 final .payment due in 1962;
Second high bid of 100.315 for 3V2S
■$1,000.
Due $10,000 Oct. 1, 1943
to 1948.
Bids will be received for was made by S. K. Cunningham
?
"the entire
issue at any of the & Co. of Pittsburgh.
sewer
der
to
will
be accepted.
These general obli■gations will be payable from ad
Johnstown, Pa.
combining two different rates
within the taxing
limitations imposed by law upon
cities of the third class.
Registaxes
valorem
principaLmnly—The
terable as-Jo
the
and
bonds
will be payable
for
tax or
any
cession
or>
hereafter
ture
all
thereon
without deduction
taxes, except suc¬
inheritance taxes, now
or
thereon
interest
assessed
present or fu¬
levied
or
unde^ any
of the Commonwealth,
taxes the city as¬
law
of
sumes
which
and
to
agrees
pay.
The
to the highest
bonds will be sold
responsible bidder, provided such
bid is not les§ than par and ac¬
crued interest.
The highest re¬
Issue
of
bonds
a
class
or
character
includes these bonds, will,
the
election of the purchaser,
at
relieve
the
purchaser
his
from
obligations under the terms of the
contract of sale and entitle the
purchaser to the return * of the
amount deposited with' the bid.
These bonds are issued
subject
to the favorable opinion of Townsend, Elliott & Munson, of Phila¬
delphia, and will be delivered to
the purchaser only if and after
the proceedings authorizing the is¬
suance thereof have been approved
by the
Pennsylvania Department
Enclose a
certifed check -for 2% of the face
amount of the bonds, payable to
of
the
Internal
Affairs.
City Treasurer.
Craftort
Of
be petitioned for au¬
Courts will
thority for the city to float $150,000 worth of serial bonds to fi¬
government for the re¬
the year and pay off
the
nance
mainder of
unanimously
taken
the
action
under
debts
accumulated
by
recently
City Council. The action came
with the aid and
after the solons,
advice of Solicitor Frank P. Barn'hart had canvassed all of the pos-r
and
flotation of
sibilities for obtaining money
bonds
the
that
determined
the
was
only
''
method.
Whether
tain
the
feasible
■%./,/
%/,f
not the city can ob¬
or
under the provi¬
money
Article
of
sions
Bond
Malone,
Offering
District
—
Stanley
Secretary,
H.
will
of
bank loan,or
5,
come
either from
through bonds;
He said that the banks have re¬
fused to loan
less
it
can
the city money un¬
be
shown
that
the
will be repaid in the pres¬
ent year.
He added that this will
money
be
impossibility and he would
not
make affidavit that such
a
thing is possible.
As he expressed it, there remain
only two other methods—to secure
a
loan up:to 75% on delinquentan
issue.
or
float
He
a
short-term
discounted
the
bond
feasi¬
bility of-the first plan because, he
sold
Series A bonds will be
as
Se¬
bonds, will be issued to the
Federal Public Housing Authority
and will bear .interest at the rate of
ries B
3%
Each
annum.
per
proposal
prescribe the rate or rates
of interest to be borne by the Ser¬
ies A bonds.
;
/ \y/;
must
,
-West Easton
Bond
O.xEaston), Pa.
(P.
Sale—-An issue of $25,000
bonds was
2% street improvement
recently sold to Singer, Deane &
Scribner of Pittsburgh, at a price
1.892%.
to
basis of about
of 101.24, a
$1,000 annually from 1943
/' %/'
■
/
Due
1967 incl.
r
CAROLINA
SOUTH
Bond
Spartanburg, S. C.
.f
Sale — The
Robinson-
Humphrey Co. of Atlanta and A.
M. Law & Co. of Spartanburg,
jointly/recently purchased an is(Continued on next page)
y
September
during the
.
effort.
'
included the sale of only a few loans
of $1,000,000 or more;; These are listed herewith:
• 4
/
./
Pittsburgh Housing Authority, Pa» / $8,286,000 Boston Metropolitan District, Mass., bonds sold to a syndicate headed by
/
Bond Sale—A syndicate headed
Halsey,'Stuart & Co., Inc., New York, as IV4S, at a price of 93.288, a
of the
,./.;..
Financing in September
V
/J:/.
.;'//
connection with the war
have any direct
bonds, payable to the bor-1
ough.
.
'--
basis
'■*
Pittsburgh, and Shields & Co., of
New
York,
and
consisting
of
?ornblower &.. . Weeks, - Spencer
rask & Co., White, Weld & Co/
Coffin
&
',
/v/ //
Lee
Burr
Higginsori
Co., of New York;; Newburger &
Hano, of Philadelphia;/First of
Michigan
Corp.,
Merrill
Lynch
of
of
Pierce, Fenner & Beane, both
New
York;
Buckley
Bros.,
Philadelphia; Johnson & McLean,
of Pittsburgh; R. D. White & Co/
of New York; H. M. Byllesby &
Co., of Chicago; J. M. Dain & Co.,
of. Minneapolis; Starkweather &
Co., of New York; Glover & MacGregor,
of
Pittsburgh;
G.
H.
Walker & Co., of St., Louis/and
J.
R.- Williston
& Co., of NewYork, was the successful bidder
fob the $9,137,000 Series A (First
Issue) bonds, at 100.00, a net in*
terest
cost of 1.98818%,- for
4s,
'!
bids
sealed
until
2
Inc.,
Due
p.m.
1927.
15,000 Second Avenue Improve¬
ment, 1927..
Funding. 1927.
March
Dated
March
1,
1956.
1,.
The
bonds
Due
are
to
'■ .;/-■. ./%
^
local housing authorities.
municipal field, the principal operation during
the marketing by the Province of Saskatchewan of *
the month was
This offering accounted for virtually
$7,861,500. Extensive tempor¬
ary borrowing was effected by the Dominion of Canada.
The month of September witnessed the first borrowing in the
United States Possession category over a long period of time.
The sale was made by the City and County of Honolulu, Hawaii,
and involved an issue of $500,000 2V2% refunding bonds, due from
1943 to 1952 incl.
Successful bidder was the Bishop National Bank
of Honolulu, which paid a price of 102.52, a basis of about 1.96%.
Three bids were submitted for the issue in New, York City, the
terms of which indicated that Honolulu continues to enjoy a favor¬
able rating not far out of line with the levels which prevailed prior
to Pearl Harbor.
;■•■'.■/ '';/•';■//;'/ ' %'/ './'/.'Vv" '•
•
4 ■
A.comparison is given in the table below of all the various forms 7
of securities placed in September in the last five years:
'
'/
/■-,!/;//4■■
;7.7. 1942
.1941 /*
1940
1939
..//: 1938 refunding issue.
$7,475,000
a
month's grand output of
the
of
all
,
.
loans
Perm,
1 '
V'.Z
",'p.
,
*s-'
•
•: •* - ,r;.'. a?
(U. S.)——
Canadian loans iperm.)Placed
In
In
7,861,500
None
500,000
U.
S.;a/^^1~Possessions---/
S.
U.
■■•:.
"Includes temporary
•
'* ^
•
69,392,652
53,897,423, 101,128,178
The
number
of
8^2
291
18,284,000 325,316.293
510,100
None
None
None
None
None,
3,200,000
None
None
/
90,480,598 163.812,986;
September,
1941; $40,000,000 in September, 1940; $45,000,000
in September, 1938.
in
emitting permanent bonds and
made during September, were 107
municipalities
of separate issues
number
'4 : •< ; '^-7 '"r .
24,003.498/ 74.295,414
65,967,000 -89,225.720
•,./■'.. / ^
securities issued by New York City: 840,000,000 in
$35,000,000 in September,
September,; 1939 and $66,000,000
1942;
the
]\! /" • J 1 '' /
51,351,171
226,121,832 123,532,594 499,037,123
Total
•.
194,565,000
Canada.-
Placed
"j V
"
' 23.195,332
S.)
(U.
^Teriip.-- loans
99 and 109 for August.
following table, show¬
ing the aggregate, excluding .temporary loans^ and also Canadian
issues, for September and the nine months for a series of years:
128, respectively.
This contrasts with
comparative purposes we add the
and
'/
For
For the
Month of
1942-
1940L
——
1938-
—
1937-
—
1936—
Road
Afton
Nine Months
$148,870,640
1934—40,819,694
$902,053,073
682.911.759
776.526,062
1933———
38,239,955
336,662,675
903,210,360
1932„—
64,034.466
1931-,-;
117,083,951
1930
80,358,117
1,140.002,546
1,056,321,325
100,028,167
936.398.760
695,435,546
741,681,528
D„
Co.,
Co.,
826
Aitkin
825
Alexandria,
Mo
Rate
—
.
v
1°35_——
872,306,815. 1929
Minn.—,.—
Minn—
La. —:
1
—7
658,175,205
September were as follows:
Parish, Fourth Ward SubDist. 7,
La
-—
1
S.
For the
Month of
756.887,942
Name
Page No.,
1106 Acadia
;/
September
$450,219,116
$23,195,332
51,351,171
69,392,652
24,003,498
74,295,414
48,435,338
158,784,553
sold during
Issues
:
Nine Months
September
826 Aitkin
1927.
1.80'/, according
In the Canadian
1107
1927.
Due serially from
.•' /■"•/ /■'
County, Ohio/..refunding bonds sold to Halsey, Stuart & Co.,
l%s, at a price of 100.16, a basis of about 1.72%.
on April 1 and Oct.
1 frojn 1945 to 1954 incl. Reyield from 1% - to 1.80according, to maturity.
—
/
completed by a group of
was
30.000
46.000 Sewer,
-
in Sep¬
total is;
readily explained in the fact that the State of New York accounted
for $100,000,000 and the City of New York was responsible for $40,000,000.
In addition, a sizeable ambunt of short-term. financing /
1939
19,000 Baum Boulevard Improve¬
ment, 1927.
1.000 Public Works, 1927.
.
Temporary borrowing by States and municipalities
tember amounted to $194,565,000.
The magnitude of the
1941—-u-—••
$5,000 Grant Street Improvement,
/
.
v
Bonds
(EWT) on Oct. 22 for the purchase
$116,000 414% city bonds now
held by the Commission and com
sisting of the following:
•
New York, as
semi-annually
—-offered
-V;
of
'"-/-.
maturity.
to
1,400,000 Cuyahoga
3%s, 2%s,; 21/4s, 1.30s, 1.90s, and
2s//:
and
1948
'■;/•'////
Buffalo; Stroud &
Co.,
of
Philadelphia; /.Tucker,
Anthony
&
Co.,
Laurence ■ Mj
Marks & Co., both of New YorkSinger, Deane & Scribner, Moore;
Leonard & Lynch, both of Pitts¬
burgh; Otis & Co., Gregory & Son,
both of New York; Dolphin & Co.;
Butcher
&
Sherrerd,
both
of
Philadelphia; Newburger, Loeb &
Due serially from 1943 to 1967 incl,Re-offered
O.SOT tb 1.70'f , according to maturity,
refunding bonds purchased by the National City Bank of
the Manufacturers & Traders Trust Co., Buffalo, Jointly,
Y„
1.80s, at a price of 1C0.20, a basis of about 1.7.7%, ;
to 1952 incl./; lie-offered to yield from 1.45% to
as
!
of
Pomeroy,
York
New
^-4.v/V.V-y
*
1.619'//,
about
of
at prices to yield front
.•..3,000,000 Buffalo. N.
Corp., Bear, Stearns & Co., all of
New York/ Schoellkopf, Hutton &
receive
a
no
Sales In
.
this will have to
ma¬
1, 1985, may be included as Series
A bonds. All bonds which are not
future laws of the Common¬
The balance of $7,263,000 ma¬
$15,000 per year over a period of turing April 1, 1986 to 2000 will
be taken by the FPHA, as Series
10 years, City Councilman Vin¬
cent E. Hartnett, director of ac¬
B, at 2V2%.
:
; ■'
counts and finance, said that the
Pittsburgh, Pa.
city will require about $300,000
Sinking Fund Bonds Offered—
to meet all operating costs and
Edward R: Frey, Secretary of the
obligations for the remainder of
Sinking Fund Commission, will
the year and. that at least half of
taxes
School District, Pa.
or
pres¬
County
Cambria
—
'•//
Approval
Court
Seek
To
Bond
•
,
which
hereafter levied
first
Series A bonds, provided •
bonds maturing after June
as
Pennsylvania, ; all Jof Lv"/Long-term financing by States and municipalities
month of September amounted to only $23,195,332.
This was the
which taxes the borough assumes
smallest total of any month in the present year and contrasted with
and agrees to pay.- .They will be
an
output of $47,195,810 during August.
The greatly limited vol¬
sold
to
the
highest responsible
ume of awards in September served to emphasize the fact
that the
bidder providing such bid is not
output of municipal loans for the duration of the war will be held
less than par and accrued interest.
to minimum levels.
States and/local taxing units are finding it
Delivery to the purchaser only if
increasingly difficult to obtain a sufficiently high priority rating
and after the proceedings author¬
for projects which would involve the creation of new debt.
As a
izing the issuance of such bonds"
matter of fact, there are instances where taxing units have already
have been approved by the De¬
disposed of bond issues for construction and improvements and are
partment of Internal Affairs as
unable to employ the proceeds due to the inability to secure the
provided by the Act of June 25,
materials required.
Recognizing this condition, many other com—
1941, P. L. 159. Enclose a certified
munities have decided to forego numerous projects as few of them /
check for 2% of the face amount
Section 502,
Pennsylvania laws of 1941, now
hinges upon the decision of the
county;courts...•:/;;;/ .,./
Section 502 provides that when¬
ever
a
borough or municipality
finds it impossible to meet current
ducting from the total amount of
expenses and obligations without
interest to be paid on account of
undue burden of taxes, the of¬
such bonds during the life thereof,
ficials may petition the courts for
the amount of premium offered,
the right to issue
bonds in an
if any, over and above the face
amount
sufficient
to" meet
the
amount of the issue.
The enact¬
needs,, the decision of the courts
ment, at any time prior to the de¬
being final., ;n"
/■'
livery ; of the bonds, of Federal
% In preparing the way to intro¬
legislation which in terms, by the
duce1 his resolution for the bond
repeal or omission of exemptions
issue,' which council decided to
or
otherwise, subjects to a Fed¬
make
repayable at the rate of
eral income tax the interest on
sponsible bidder shall be the one
who, having complied with the
conditions of sale, offers to take
the whole amount of the issue at
lowest interest cost to the city,
which shall be determined by de¬
or
by the Mellon Securities Corp., of
interest but no bid
above rates of
or
wealth
1
'
now
O. ; | assessed thereon under " any
East Buffalo Township (P.
Offering—Benjamin NewCity
some,
to
taxes
things as a sewage
Bond
that
.
office.
urer's
turity,
maturities
the
with
commencing
the city interest van^ will be so reissued to
(EWT) on Oct. 26 for the pur-;
needs all such funds it can collect: the purchaser.' Bids must be for
chase
of $30,000
coupon school
to meet current expenses.
/ / the entire lot of the bonds and
bonds.
Dated Nov. 1, 1942. * De¬
The second plan, the one finally will be for not less than par and
nom. $1,000.
Due Nov. 1, as fol¬
Legality ap~;
decided upon, would, in his opin¬ accrued y interest.
lows: $3,QOO in 1944 to l947, $4,000;
proved by Reed, Smith, Shaw" &
in
1948 and 1949, and $5,000 in, ion, be the only practical one.
McClay, of Pittsburgh. Bids may
1950 and 1951.- Bidders to name
,/ Millheim, Pa.
be* in writing or they may be'
the raite of' interest in multiples,
Bond Offering—J. Randall Mill¬ made
upon blank forms furnished
of V4 of 1%.
The sale is subject;
er, Borough I Secretary,' will
re¬ by the above Secretary.
Enclose
to the approval of the proceedings
ceive sealejij bids until 7 P. M.t a certified check, for „2% of the.
by the Department of Internal Af¬
(EWT) on Oct. 22 for the pur-j principal amount, payable to the;
fairs/
The approving opinion of;
chase of $22,000 not
to exceed Sinking Fund Commission.'
Burgwin, Scully & Chufchill, of
3V2% interest coupon water com-;
Pittsburgh, will be furnished. In'
pany purchase bonds.
Dated Nov.
Reading Housing Authority, Pa.-'
the event that prior to the de-j
1, 1942. Denom. $500. Due $1,000; y• Bond ■, Offering — Chairman
livery of the bonds the income re¬ on Nov.
1, from 1944 to 1965 incl. Marion G. Hensler will receive
ceived by private holders from;
Bidder to name one of the fol¬ sealed bids until 10 a.m. (EWT),
bonds of the same type and char-j
lowing interest rates:- 1V2%,' 2%y. on Oct. 22 for the refunding of
acter shall be taxable by the terms;
2%%, 3% or 3$%. Int. M-N, Reg¬ $1,852,000 outstanding
authority,
of any Federal income tax law,;
istered as to principal only/Prin-j bonds issued*: in connection with
the successful bidder may, at his:
cipal and interest payable at-the; its
low-rent
housing
program.
election, be relieved of his obliga-j Farmers National Bank &
Trust; Dated Dec. 1, 1940. Each proposal
tion under the' contract to pur¬
Co., Millheim. These general ob¬ must prescribe serial -maturities
chase the bonds and in such case;
ligations are issued for the pur¬ for $1*852,000 refunding bonds on
the deposit accompanying his bid
pose of financing in part the pur¬ June
1
of each year beginning
will be returned.
Enclose a cer¬
chase of the "Millheim Water, Com-- June
1, 1943 and ending not later
tified check for $600, payable to
pany.
The bonds and the interest than June 1/1998, and shall desig¬
the district.
; •
thereon will be payable without nate not more than $1,575,000 of
(A like amount of bonds was of¬
deduction for any tax or taxes,' said refunding bonds, consisting
fered on May 11, and bids were
except succession or inheritance
returned unopened.)
obtain the back taxes and
serial
consecutive
of
to registered both as to principal and
require years
would
8 p.m.; said,- it
until
bids
sealed
receive
optional Nov. 1, 1942, also refund¬
ing bonds, dated Nov. 1, 1936, ma¬
turing Nov. 1, 1942, being num¬
bered 13 to 21, incl., at the Na¬
tional City Bank, New York, ex¬
cept the bonds owned by the Sxtate
and the State Land Board, which
Monday, October 19, 1942
COMMERCIAL & FINANCIAL1 CHRONICLE
l^'i
2%
_/--3 V4
.2%
Maturity
1943-1972
Amount
Price
Basis
$90,000
105,000
1944-1962
1944-1962
1285,000
1-150,000
225,000
100
2.75
100
3.25
.
V
Maturity
1005
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4117
156
Volume
Amount
•
BasisPageNo.
V/»
1947-1958
1943-1947
Price
Pa.
Ambridge,
908
908
Ohio
Ashtabula,
Ashtabula
___
Ohio
Co.,
_____0.75
:
(4 issues}
Name
1944
2%
Rate
1.44
,
100.62
55,000
15,000
•
15,000
of $100,000 2% street and side¬ $42,000 in 1956, $43,000 in 1957,
improvement
refunding as 2.20s, and $1,642,000 maturing
bonds at par.
Dated Sept. 1, 1942; April 1, $44,000 in 1958, $45,000 in
gue.
walk
.0.74
2.66
100.03
.
100.11
1375
and due
The balance of $3,109,000 ma¬
turing April 1, 1986 to 2000 will
be taken by the FPHA as Series
B, at 2i/2%.
Sept. 1, as follows: $10,-1 1959, $46,000 in I960, $47,000 in
and 1952 and $20,000 1961, $48,000 in
1962, $49,000 in
Houston, Texas
to 1956 incl. ! Interest; 1963, $50,000 in 1964, $51,000 in
1107 Boone Co.,
Mo,
-_L,_1
V'
1944-1948 „
25,000
100.06
City Manager Will Assume Of¬
1107 Booneville, Mo.
1944-1953
32,000
100.13
1.39< M-S..
Legality approved by Hu-i 1965, $52,000 in 1966, $53,000 in
1106 Boston Metropolitan Dist., Mass._iy4 '
:
1943-1967
8,286,000
-93.28 / 1.61;
ger Sinkler of Charleston.
: | 1967,
$54,000 in 1968, $55,000 in fice in January-—When Houston,
1107 Broken
Bow,. Neb.—
A.,——A
r326,000
VA1969, $56,000 in 1970, $57,000 in Tex., becomes a city manager city
1108 Buffalo, N. Y.:
1948-1952
3,000,000
100.20 V 1.77
SOUTH DAKOTA
1106 Cairo,',a'13,000 l-,;; ioo
1971, $58,000 in 1972, $60,000 in next January, it will be the 22nd
909 Campbell, Ohio
____134:;1944-1949 /•'
•:. 18,000
•
100.21 :
1.70
1973, $61,000 in 1974, $62,000 in of the 92 municipalities with more
S. Dak,
1005 Carbondale S. D., Pa..
1943-1959
•
150,000 ,'-0 100.31 4 2.71;
T."!
1975, . $63,000 in 1976, $65,000 in than 100,000 population to operate
1107 Carterville S. D„ Mo
» V —• 7,500
Bond Offering — Ted MengenT
98.15
1002 Center Line, Mich,:—A l/4 : if 1945-1972
28,000
4.42;
1977, $66,000 in 1978, $67,000 in under this form of government,
hauser, Town Clerk, will receive
1006 Charleston, W. Va,L______u______1.40
350,000
to
the
International
1979, $69,000 in 1980, $70,000 in according
100.06
1.99
sealed bids until 8 P. M. on Oct. 26
910 Charleston Co.,
S. C
2
1945-1959
a 150,000
1981, $71,000 in 1982, $73,000 in City Managers Association.
1107 Chickasaw Co. E, D. 2, Miss.____43/4
"
8,000
A
J for the
purchase of $7,500 3% re-i ]
Two other larger cities—Cincin¬
983, $74,000 in 1984, and $76,000
1107 Cleveland, Miss;: _______AAA--2t4
1943-1952
7,000
100 C
2.501
Interest
J-J..' in 1985, as 2s.
nati and Kansas City,
1006 Clinton ,S. D. 4,
-r'.----.'
1,200
-ioo ' '
5.00| funding. T bonds*
Mo.—al¬
1004 Colonic, Latham Sewer Dist., N.Y.2 i.
1943-1970 A'
45,000
100.63 'J 1,95; Dated Oct.. 26, 1942. £ Due July 1,!
operate
under
the
city
The balance of $1,984,000 ma¬ ready
827 Columbus. Ohio
1944-1955
!& r280,000
100.31 A
1.45. as follows:
$250 in 1945 to 1950
manager system.
!l 106 Council Bluffs, Iowa—___ui__iy41944-1953
d50,000
100.44
1.155
turing April 1, 1986 to 2000, will
and $500 in 1951 to .1962.
Subject;
Houston
voters
1109 Cuyahoga Co., Ohio
approved the
13av- 1945-1954 i; rl,400,000
. .100,16
1.721
be taken by the FPHA, as Series
1109 Dallas, Ore.
2»/« ,' * 1943-1952
^
'
1,611 -V 100.24
'2.02. to prepayment at par and accrued
change from commission to city
828 Dallas Co., Texas——„A_~-2Mi-2% A
•
rll6,215
interest on any' interest paying B, at 21/o%.
manager government by a 3,000
*827 Dayton, Ohio
;
25,000 'h
____;
date prior to due date thereof. No
Fannin County (P. O. Bonham),
1005 Donegal Twp. R. D., Pa.——2y4
majority on Auugst 15.
Charter
1943-1952
' rlO.OOO
100.50
2.14
1107 Dunellen,
N. J._—___1.30
1943-1952
A 38,000
100
1.30! bid for less than par and accrued
amendments
Texas
installing the new
V'.'-7;''
907-East Aurora, N. Y. <2 issues) A_ 1.20
1943-1954 •
22,500
A100 A ;
1.20
interest can be considered. Right
system provide also for election
Bond Sale Details
1002 Everett, Mass.
Regarding
;___
l>/4
1943-1947
;' : 15,000
i 100.59
1.05; is
reserved to reject any and all
of a mayor and eight councilmen
.3105 FayettevUle,
Ark.
A
1945-1962
.A dlOO.OOO
A 105.86 '.A-Ai
the report in v. 156, p. 1286, of
bids and to deliver said bonds if,
1108 Freeport,
—five from districts and three a
N. Y.
™1%
1943-1957
40,000
C 100.04
1.74
the sale of $27,000 2V2% jail re¬
1005 Free water,
Ore. ___________A,a.
1947-1956
rl0,000
■
as, and when a like amount of the
funding bonds to Garrett & Co. large.
107 Garfield, N. J.__—
i4lA
1950-1957
r395,000
outstanding bonds are surrender¬
The
first mayor
and coundil
100.33
1.17
1002 Cloucester, Mass,
<2 issues)—
I>4
1943-1952
45,000
of Dallas, we learn that the bonds
909
Bells,
910
Ben
Ohio
Bedford.
910
1944-1950
r521,700
..
■„
_...4
Texas______3,
Texas
Bolt Ind. S. D„
12,400 A'
20,000
.
i 1943-1957
;
■
000 in
V,,,i
,1.11
..
,
from
1951
1953
.
.
_______
_________
,
___
f
___
•-
...
...
______
,
.
—
.
■
.
Sewer Dist.
1110
Green Bay
•1002
Gueydan,
La.
1108
Hamburg,
N.
1006
Henderson
1, Wis.—_3&
•
'
;
.
R.
D.
1,
Texas—
ed for
1,200
—1
50,000
1.10
100
a'____
911 Hill Co., Texas—3%
—
r20,000
Hodgenville,. Ky.
.3
1943-1956
rd30,000
1003 Hollandale,
Miss." L-i—3
-A
1943-1952
-10,000
1107 Hopkins, Minn. —1V2 {
1943-1952
' 16,480
1107 Hopkins, Minn.. 2—
3(4
1,643
907 Howells, Neb.
_2
1943-1952
15,000
'1003 Jamesburg, N. J
3%
1943-1955
25,000
1002 Jefferson Parish Sew. Dist. 1, La.2% ''• '•1943-1967
2
10,000
1109 Johnstown S. D., Pa.__
1%
1944-1953
r200,000
'828 Kyle,
Texas
_4
*
A.;""' .23,000
910 Lake Andes Ind. S. D., S. Dak.__3
1944-1949 A;.A rl3,000
1002 Le Mars, Iowa__
u.
l>/4
1944-1954 A'\ d21,000
i,
825 McLeansboro, 111.
Li
''
45,000
1005 Mahoning Co., Ohio
_1!£
1944-1953
r434,000
825 Maryland
.
(State
,1106 Marshalltown,
909
Iowa
Ohio
Maumee,
100
1002
828
Montgomery
Muleshoe,
Co.,
1004
•
Natchitoches
New
906
1004
Ohio
(State
Ocean
Olivet Ind.
1.47
1943-1952
100.25
1 00.28
.21.36
349,444
1943-1962
;55,000
100.21
1.73
*320,000 ^ 100.44
1.41
1944-1951
D.
7,
Texas
S.
1956-1957
400,000
100 r
1944-1972
1943-1970
r37,000
104.32
100.34
_1.90
—r6,000
——.3 V*
.
55,000
——3
Miss,—__4V2:'!>i-rl3,000
Dak._^_—_3
D„ S.
<"•
-
2,400 V:
1944-1949
:
V
of
suffi¬
other
will
issues
consider tenders
of
bonds
of
the
city having a maturity date prior
May 1, 1950.
3.00
2.-—-^'/
100 V
Bonds
bonds
are
part
v
to
r
Tenders br bidders shall
3.00
specify
Olton,
Texas
4
/
—
&
Jack¬
rl2,000
:100.44
■ 100.09
V 100.01
100.01
~
x
1.46
2.36
bonds
—
First
term.
task
a
of
appoint
decide
the
his salary.
on
to
two-year
council
a manager
and
The mayor,
to
receive $2,000 a year, will ap¬
point all advisory boards and the
civil
service
will have
He
commissioners.
to veto. Coun¬
cilmen will receive $10 for each
council
meeting attended, to a
maximum of $1,500 a year.
Houston is one of 12 municipal¬
no
power
adopting the council-manager
year. In July, Petroleum
plan this
of Dallas, have purchased, at County, Mont., 1,675 square miles
$50,000 airport bonds, part of in area, adopted provisions of the
of $200,000 authorized State - - county-manager - enabling an election on Nov. 23, 1941.:
; act, becoming first in the State
at
and seventh in the nation to enter
.
Hamilton,' Texas
~
the
ranks
of
counties.
adopting
city
manager
government
in
1942
were:
Mill Valley, CaL; Hazel
Park and Ludington, Mich.; Me¬
manager
Other
localities
warrants, to mature in not to ex¬
chanic
Falls,
ceed 15 years.
Smyrna, Me.; Lower Merion Tp.
and West View, Pa.; West Colum¬
To
Issue
Council
tion
to
Warrants
has
—
indicated
The City
its
inten¬
issue
purchase
$25,000 4% airport
and improvement time
•A:.-',-.-,:':.:
'
to
—
.
A total
of 557
Bennington
.
and
■
cities and
coun¬
ties, all except 23 of which are in
United States, now operate
the
under
One
city manager government.
of every five cities of
out
more
than
10,000
population
is
represented in the total.
Milam County
{P. O, Cameron),
Texas
____
.
Portland and
New
bia, Tex., and
Brattleboro, Vt.
——
______
November,
will be to
—_
-
in
2 for
issue
^ be tendered.
stipulate, if they
—__
elected
par,
the .interest rates and number, of
19.000
r444.000
be
take office Jan.
ities
Sold—Callihan
Houston Housing Authority, Texas
Bidders > Bond Sa,le
A syndieate com
may
so desire,
70,000
posed of Phelps, Fenn & Co., Blyth
that their tenders are for the pur¬
910 Port
Vue,
Pa.—
:
—2%
1943-1966
- f 240,000
./<
2.74
& Co.,
Goldman, Sachs & Co.,
828 Poth.
Texas
_4
:
20,000
chase of all or none of the bonds
First Boston Corp., Harriman Rip¬
1002 Quincy, Mass.
(2 issues) ___Z.___1.14
1943-1951
65,000
100.69
1.08
tendered, and shall state the time ley & Co., Inc., Lehman Bros., F.
1004 Raleigh, N. C. (2 issues)™
__2'/a
1961-1973
r450,000
100.01
2.32
and place said bonds will be de¬
1004 Raleigh, N. C.
(2 issues)—;
_2
1945-1972
75,000
100.01 ^-.2,32
S. Moseley & Co., R. -W. Press¬
1106 Red River, Atchafalaya & Bayou
livered, if tenders are accepted.
prich & Co., Smith, Barney & Co.,
Boeuf Levee Dist., La
1^-2
1944-1953
r250,000
Tenders shall be accompanied
908 Red Springs, N. C.
Bacon, Stevenson & Co., Blair &
(2 issues)-2%-3
1943-1958
1-73,000
IOO - ;
2.90
by certified check upon any in-!;
'•908 Richmond Co., N. C.—__—_—_l'/a
1943-1953
22,000
100.12
1.48
Co., Inc., Estabrook & Co., Gra¬
911 Roanoke, Texas—
—;
4.
13,500
corporated bank or trust company;
ham, Parsons & Co., Kidder, Pea911 Rochelle Rural S. D., Texas_——_31/a
7,000
for 1% of the face amount of the
body & Co., Lazard Freres & Co.,
1106 Sac
City, Iowa
iy4
1943-1950
16,000
100.37
1.18
bonds tendered or purchased, pay¬
1107 St. Louis Park,
Minn.—___iy2
4 1943-1945
6,000
100.11 ; j 1.45
Paine, Webber, Jackson & Curtis,
able to the Sinking Fund Com¬
826 St.
Paul, Minn.——
1.20
1943-1952
61,000
100.30
1.15
Stone
&
Webster - and
Blodget,
911 Schulenburg Ind. S. D., Texas
234 V 1943-1962
r25,000
missioners,
Inc., Union Securities Corp., B. J.
102.07
2.27
1006 fichofield, Wis.
<2 issues) _______2V2
1943-1962
20,000
1106 Sioux City, Iowa
Van Ingen & Co., Eastman, Dil¬
AV2
1943-1946
60,000
V
TEXAS
.1108 South Araboy, K. J—
2V4 •» "
" 10,000
100 <-iS
2.25
lon & Co., Equitable Securities
1006 South Lockett B. D. 49t Texas._3J/2
i;: 1943-1967
r71,000 *%■ 100
3.50
Dallas Housing Authority, Texas !
Corp., Harvey Fisk & Sons, E. F.
907 Springfield,
Mo,
1.40
1948-1957
350,000
100.34
1.35
1109 Steubenville, Ohio
Bond Sale
:
IV'a
1944-1953
38,000
100.54
1.41
A syndicate -com- i Hutton & Co., Reynolds & Co., E.
828 Tioga, Texas
4
'
$ '
9,500
—' •
H. Rollins & Sons, Roosevelt &
posed of Phelps, Fenn & Co.,
828 Titus Co., Texas
^
4V2
V
rl1,250
Blythv& Co., Goldman, Sachs & Weigold, L. F. Rothschild & Co.,
1109 University Heights, Ohio
2Va
1947-1956 '
rlOO.OOO
100.46
2.45
1109 University
Heights, Ohio—
2V*
1944-1952
rl08,000 «
100.38
2.16
Co., First Boston Corp., Harri- A. C. Allyn & Co., Charles Clark
1004 utica, N. Y.: f 5 issues)
1943-1952
392,930 '
100.26
0.93
man Ripley &
Co., Inc., Lehman & Co.} Kean, Taylor & Co., all of
1005 West Hazelton, Pa.
:
2Va
1944-1958
30,000
100.34
2.46
Bros., F. S. Moseley & Co., R. W. New York, R. S. Dickson & Co.,
1006 Whispering Pines San. Dist., Wis.3
1948-1957
5,000
100
3.00
1110 Whitefish Bay S. D. 1, Wis.J—1
1947-1948
60.000
100.16
0.97
Pressprich & Co., Smith, Barney of Charlotte, Geo. B. Gibbons &
828
,1004 Onondaga Co., N. Y.____________1 V2 - ; 1943-1962
826 Oxford, N. C.—_________'H-. 1958-1960
1109 Perry, Okla.
:
•
■
1946-1952
will
son,
an
of
commission
____
w
-
a
3%%, or more, are
submitted, the' sinking fund
not
1.87
:
100
5,000
1947
-
The
In¬
total issue of
a
.
mission
2.37
2%
of)—
of
Texas
In the event tenders in
___A
<100.62
25,000
—
M-S.
terest
:.T;"
cient amount of said bonds, at an
interest yield basis to the com-1
1.36
16,500
La._2y8
T.
Sinking Fund Commission¬
in the sinking fund for
the purpose of purchasing said
bonds the sum of $68,000.
1.89
100.14
Commissioners
$2,500 from 1950 to 1955 incl.
have
ers
1.19
100.70
_l-3
Y._.
Springs,
1109
100.33
6,980
Chairman
$2,000 from 1944 to 1949 incl. and
The
0.96
1 943-1952
l*/2 .a
N.
1003
100.22
10:30 A. M.
1.50
4,500
AX
__4
Ky.
Co.,
1108 Nyack,
T.43
100
1,40
Windsor, N. Y._
V 828 Nolan
100.39
A
5,320
r395.000
A_l%
Parish S.
Mexico
Newport,
New
,1.18
1.40
—
Texas
1002
3.00
100.29
1944-1953
1945-1947
1 Va
Minneapolis, Minn.
1109
1.64
...
100
Fund
—
of
$30,000 and the
receive sealed tenders of refund-' balance of $3,000, due $1,500 on
Sept. 1, 1943 and $1,500 on Sept.
ing bonds of Series "A," "B" or "C"'
and funding bonds of the city, all 1, 1956, are to be exchanged at a
dated May 1, 1935, and maturing later date.
May 1, 1950, until October 30, at
Gregg County (P. O. Longview),
3.49
100.66
Wanted
/
R. Preston announces that he will
1.58
100.05
Tenders
Sinking
3.25'
:
102.33
1944-1948
1 »/4
-
1.50
100
52,000.
485,000
1945-1954
;
————————2
909 Maumee, Ohio
1002 Minneapolis,
Minn,
1002 Minneapolis, Mimr
_
3943-1947 t"A
—l1/^
of)
L-_1
—_
;x
3.00
100
.
Ohio
and
Chattanooga, Tenn.
3106
Mansfield,
amount
^^'A®f:TENIiE8$EE
,
.1005
exchanged for a like
jail warrants, at par,
mature Sept.
1, :as follows:
being
____
8,400
1946-1953
payment and cancellation.
are
25,000
AAAAAAv.
Y._—i—^—1.10
Co.
-A.
I960
To Issue Bonds—Commissioners
Court
will
for
issue of
an
and
____
an order calling
$60,000 3y4% road
pass
bridge funding bonds, to ma¬
ture not later than 1958.
-
Nueces
_—__
—
County Drainage District
Robstown), Texas
No. 2 (P. O.
—
,
—
tion
is
5
the question of issuing $483,-
expected to be held Nov.
.
s
1001
1106
School
Whiting
Ind._——1V4
'
_114
City,
Kan.
Wichita,
909
'
Youngstown,
Ohio
909
Youngstown,
Ohio* il'
1109
Youngstown,
Ohio
Total
bond
1943-1952
100.16
101.11
100.69
100.12
101.66
85,000
6,000
1944-1963
—1944-1946
2
sales
,
50,000
224,259
1945-1948
2
125,000
1944-1963
for
Sept. (107 municipalities
—•
covering 128 separate issues)—
—„—_k$23,195,332
:
;
1.21
1.03
1.93
1.46
1.84
■
'
Optional,
k Not Including $154,565,000 temporary loans or funds obtained by
.States and municipalities from agencies of the Federal Government, r Refunding bonds.
d
also
have
We
learned
of the
following additional sales which
occurred in previous months:
Rate
Name
Pa&€ No.
Bay
Caledonia, Minn.
826
East
826
River
Saddle
100.16
2.23
24,000
100.52
1.41
Twp.,
N.
1961
100.15
100.15
1.35
97.50
4.19
1943-1952
1943-1947
J,.
v:
1.72
5,000
20,000
rl5,000
1%
1.40
Y—
Fla.
Basis
r$18,000
4
Greenbush, N.
Price
1946-1952
1944-1952
:
1(4
Y.__L>_i_.__-.
N.
Celoron,
826
1001 .Fernadina;
Amount
Maturity
2 V4
Village, Ohio
827
B26
1943-1954
11,500
(unless otherwise noted) are for August.
These additional August issues will make the total sales (not includ¬
ing temporary or RFC and PWA loans) for that month $47,195,810.
DEBENTURES SOLD
BY
Name
CANADIAN
Rate
828 Canada
(Dominion
(Dominion
MUNICIPALITIES
of)——
IN
SEPTEMBER
Amount
Maturity
of)
Canada
911
Price
<*$40,000,000
*45,000,000
1006
Canada
(Dominion
of)—i__
*35,000,000
111®
Canada
(Dominion
of)—.
*40,000,000
1110 Canada
(Dominion
of)___
1907 Drummondville,
828
Fort
William,
828 Laval
Ont
Sur-le-lac,
1007
Saskatchewan
1110
Three
Rivers,
Canadian
Page No.
1106
Honolulu.
—_3Va
Que.—
(Province
—4
of)——4
Que—;
1-20 years
62,500
1943-1947
45,000
1943-1966
Name
Hawaii
POSSESSION
Rate
______
2'/a
100.67
7,475,000
BOND
1943-1952
97.22
$7,861,500
r
ISSUES
Maturity
Too"""
229,000
—31,4-4
not included in total for month,
STATES
99.05
50,000
1944
municipal bonds sold in September™
*Temporary loan;
UNITED
*45,000,000
——_
3V2
Que.
&
Co.,
Bacon, Stevenson & Co.,
Co., Inc., Estabrook & Co.,
Graham, Parsons & Co., Kidder,
Peabody & Co., Lazard Freres &
Co., Paine, Webber, Jackson &
Curtis, Stone & Webster and Blodget, Inc., Union Securities Corp.,
B. J. Van Ingen & Co.,
Eastman,;
Dillon & Co., Equitable Securities
Corp., Harvey Fisk & Sons, E. F.1
Hutton & Co., Reynolds &
Co., E.
H. Rollins & Sons, Roosevelt &
Weigold, L. F. Rothschild & Co.,
A. C. Allyn & Co., Charles Clarke
& Co., Kean, Taylor & Co., all of
Blair &
New
All of the above sales
Page No.
Refunding.
IN
SEPTEMBER
Amount
r500,000
Price
102.52
Bond Election—An elec¬
Plans
-
Basis
York, R. S. Dickson & Co., of
Charlotte, Geo. B. Gibbons & Co.,
Inc., of New York, McDonald-:
Coolidge & Co., of Cleveland, and
Putnam & Co., of Hartford, was
the successful bidder for the
$2,236,000
Series
A
(First Issue)
bonds, at 100.00, a net interest cost
of 2.0428%, as follows:
For $203,000 maturing April 1, $77,000 in
3.61
1943, $29,000 in 1944, $31,000 in
3.26
1945, $82,000 in 1946, $34,000 in
Too
1947, as 1Y2s; $185,000 maturing
April 1, $35,000 in 1948, $36,000 ih
1949, $37,000 in 1950, $38,000 in
1951, $39,000 in 1952, as 2V2s; $80,000
maturing $40,000
April
1,
1953 and 1954, as 2V4S; $126,000
Basis
1.96
maturing April 1, $41,000 in 1955,
Co., Inc., of New York, McDonaldCoolidge & Co., of Cleveland, and
Putnam & Co., of Hartford, was
the successful bidder for the $3,561,000 Series A bonds, at 100.00,
a
net interest cost of 2.04285%
as
maturing
April 1, $123,000 in 1943, $47,000
in 1944, $49,000 in 1945, $51,000
in 1946, $54,000 in 1947, as 4V2s;
$294,000 maturing April 1, $56,000
in 1948, $57,000 in 1949, $59,000
in 1950, $60,000 in 1951, $62,000
in 1952, as 2V2s; $127,000 maturing
April 1, $63,000 in 1953, $64,000
in 1954, as 2V4S; $202,000 maturing
April 1, $66,000 in 1955, $67,000 in
1956, $69,000 in 1957, as 2.20s, and
$2,614,000 maturing April 1, $70,000 in 1958, $72,000 in 1959, $73000 in 1960, $75,000 in 1961, $76,000 in 1962, $78,000 in 1963, $79,000 irt 1964, $81,000 in 1965, $83,000 in 1966, $84,000 in 1967, $86,000 in 1968, $88,000 in 1969, $89,000 in 1970, $91,000 in 1971, $93,000 in 1972, $95,000 in 1973, $97,000
in 1974, $99,000 in 1975, $101,000
in 1976, $103,000 in 1977, $105,000
in 1978, $107,000 in 1979, $109,000
in 1980, $111,000 in 1981, $114,000
in 1982, $116,000 in 1983, $118,000
in 1984, and $121,000 in 1985, as
follows:
2s.;
For
$324,000
'•
on
000 drainage
San
improvement bonds.
Saba, Texas
Refunding Contract
The city
-—
has entered into a refunding con¬
tract whereby its
refunding 4y2%
bonds, Series 1937, outstanding in
the amount of $203,000 are to be
refunded by a like amount of re¬
bonds, dated Sept.
15,
bearing 3J/2% interest, op¬
Final
maturity on the 1937 issue was
funding
1942,
tional in part after 10 years.
1977, whereas the new issue will
a maximum maturity date of
have
1972.
Temple, Texas
Bonds
Not
Sold—W.
B. Hoyle,
City Comptroller, states that the
$22,500 recreational bldg. and im¬
provement bonds offered on Feb.
24, sale of which was postponed,
have not been sold as yet because
of priorities.
Texas
(State of)
Voters To Consider Large
Bond
Issues—Two constitutional amend¬
ments
will be
considered by the
voters at the November 3
election
according to State Treasurer Jesse
who described the pro¬
posed measures as follows:
"The State Legislature in Texas
last
season
provided that two
James,
amendments
should
be
voted
on
by the people of the State of Texas
'K»v:
;•:,'•>: r-\1»"
•£
v.• •<..
THE COMMERCIAL
1376
&
y.gv.:\?|
\>.
u,,
'ii;
FINANCIAL CHRONICLE
W rLu..
<vV
,'?*•?
^Monday," October 19; 1942
—ii
Nov.
on
3, 1942, relative to bond
issues.
'
"
■;
V' "One amendment covers the is¬
suance
of bonds
deficit
which
refinance the
to
exists
the
in
Gen¬
Mr. Simmons.
eral Revenue Fund as of Aug. 31,
These bonds will be limited
1943.
Upton
under this amendment to an inter¬
est
;
To
present deficit
(Sept. 26,
in the General Revenue
The,,
1942)
Fund
is
$31,025,516.90.
In
will*
be
under
will be
ment
000
constitutional
the
in
my
Court
in
Due in not
recently
to
gave
Local
orders
pass
Obtain
Units
$6,500,000
$1,500,000 dividend
the State, counties and cities,
making the total distribution for
this
fiscal -year
$6,500,000, the
a
to
amount
same
in 1941.
as
Becket, Chairman of
the Liquor Board, explained that
and
liquor sales from which
bonds
other
endowment
The
various
the
by
loans
to
bution
distri¬
no
respective
borrowers
on
Oct. 21, were recently announced.
The notes are dated Nov, 4,-1942
and the issues
listed below:
are
Municipality:-.):•'
Maturity
Amount
11-17-1943
$238,000
450,-000
408,000
Charleston,
S.
C.
1,280,000
Clallam County; Wash.
114,000
Columbus, Ga...
1,840,000
Corpus
Chiisti, .Tex,..
072,000
Greenville, S.
440,000
Johnstown,1 Pa...
1,090,000
Rock Island, 111...,,..
1,215,000
County,
Reck
Pa
FPHA
May 1,- 1948,
maturity, and
bearing interest at 1.75%.
The
14-year bonds will be callable at
is
during or after 1953 and will
3.06% if held to maturity.
yield
The short-term issue will be
callable to
"
maturity.
non-
;;
.
thus
funds
of
cost
par
construction
FPHA-aided
of
projects.
Deposit
Bank
13
(Dominion of)
000
Sold—The
Certificates
of
announced
Canada
behalf
on
of
Finance that
an
sold
was
Oct.
Minister
the
of
issue of $90,000,to
the
chartered
banks, at 0.75%
its
Oct.
,
.
Canada
r
13,
interest.
Dated
and due April 13,
1942
11-17-1943
11-17-1943
11-17-1943
11-10-1943
Canada (Dominion of)
11-17-1943
5-4-1943
11-17-1943
the
to
participation in the tem¬
financing of the USHA
program, which is now being ad¬
loan,
porary
Dominion's
with
"third
victory
close
on
about Nov.
or
recently
&
Des
reported in
v.
at
7, with
156,
1287,
p.
sold
were
4s,
as
a 'pricb of
98.42, a basis of about
4.195%.
$750,000,000 as
tive, will be opened Oct. 19 and
the
bonds
Lagueux '*
to
Rochers of Quebec, as
require¬
its objec¬
minimum
a
improvement
awarded
subscription books
ment of
ministered by the Federal Public
all
^i
Victory Loan—
J. L. Ilsley, Minister of
Finance,
announces that
with
Cap de la Madeleine, Que.
Bond Sale Details—The $53,000
Terms Of Third
M
Total10,323,000
I
QUEBEC
11-17-1943
420,000
750,000
jAuthority
101
at
11-17-1943
■
Housing
the
the
11-17-1943
1,046,000
Ariz.
Wilmington, Del
to
average
County,
111.
Tucson,
5-11-1943
11-17-1943
County, 111.
Is.'e.nd
Montreal East School Commission,
or
duties, and functions, for-" without notice in the discretion of
merly exercised by the USHA, was the Finance Minister. The bonds
powers,
initiated
with
made.
was
the
obtained, each
Local Housing Authority will re¬
tire its maturing Temporary Loan
Notes,, if anyy and will repay to
the FPHA all moneys already ad¬
vanced to it, with accrued interest.
With the remainder, it will meet
received
be
Public
M.
Evro
D. Simmons, Comptroller- Of most of the current disbursement
the University, will receive sealed consisted of funds representing re¬
bids until 11 A'. MJ (CWT) on Oct. newal of. retail license fees and
funds
22 for the purchase of $577,000 par from
accumulating from
in
required
Authorities Ask
$10,323,000 Notes—Addi¬
Champaign
^-C.
held
Housing
On
Beaver
The Wash¬
—
of interest
of
';
ington State Liquor Board recent¬
ly declared
y'y>;..
municipal
the rate
charge for its loans.
interest rate of the
last group of Temporary Loan
Notes sold during the month of
July, 1942, was 0.75%. With part
than 6 years.
more
From Liquor Taxes
Board Of Regents Offers Bonds
Texas
'
the
no¬
Washington (State of) /
con¬
University of Texas (P. O. Austin),
of
extremely low interest rates, thus
effecting substantial savings over
vv'-T-vv■:
Annapolis, Md,v.V*';1;#-.
,
value
"•
offerings of note issues by
local
housing agencies, ' totaling
$10,323,000, with sealed bids on
Commis¬
WASHINGTON
the
Texas
at
"
•
Local
voters
the
on
payable
Bids
authorizing the issuance of $50,926.42 4% bonds, as follows: $32,806.76 general funding and $18,119.66 road and bridge funding.
City of Austin.
Interest
rate is provided at 3% maximum,
mid the bonds will be purchased
hy the Permanent School Fund if
the amendment is approved."
: j "
r-
of
amend¬
for
issue, maturing
;
UNITED STATES
Rankin),
O,
Bonds—-The
intention
struction of State Office buildings
|
Issue
issue of $2,000,-
an
Bonds
State
ooo.
Texas
•
tice
which
other bond issue
passed on by the
(P.
sioners'
judgment it should be approxi¬
mately $33,000,000 by Aug. 31.,
>;4he
'
issue, maturing on Nov. 1, 1956,
payable at maturity at 101, and
bearing interest at 3%; a 3 Ms-year
amount
tional
rate of 2% maximum.
coupon
paicLout, the- thorities' notes; In all, $1,288,430,State received $525,000, the court? 000 of such notes have been placed
ties $195,000 and the cities $780,- through public competitive sale at
"t'v/
:
County
the
Of
and
description of
the bonds offered for sale, blank
bidding forms and imformation
regarding the conditions of sale
may be
obtained by writing to
'
*.
List
funds.
about
three
the "first
sale
local
of
will
ago,
years
bear
interest
and will be"
au¬
from
Rene T.
follows: A' 14-year
as
Sale—An
Bond
issue
000, 4% school bonds
Nov.' 1,
of
$15,sold to
was
Lec'lerc, Inc., of Montreal;
Due in 20 years;-:
Calendar of New Security Flotations
HOUSTON NATURAL GAS CORPORATION
Following is
merits
list of issues whose registration state-
a
filed less than twenty
were
days
These issues
ago.
which the registra¬
tion statements will in normal course become effective, that
is twenty days after filing except in the case of the secur¬
ities of certain foreign public authorities which normally
become effective in seven days.
: ,
.
grouped according to the dates
are
> These dates, unless otherwise specified, are as
P.M. Eastern Standard Time as per rule 930(b).
of 4:30
IL
shares
of preferred
stock, 5% cumulative,
value $50 per share ■^ y-~ry*y:':~;y;yy~'y-:.
par
Address—Petroleum
Texas
■■■
Building,
■*;>
Business—Company
and
distributes
number
in
Houston,
S^yr.]^ <?:■
purchases
produces,
natural
gas
towns
and
cities,
in
I shares
SATURDAY, OCT. J7
Texas1 Southwestern
Southern Union
the
Gas
surviving
Gas
of.
Co.
has
Co.
with
statement
the
filed
SEC
(the latter
in
corporation
a
Address ——1104
Texas
Burt
Building,
Dallas,
!>
■■
178,572
to be reserved
preferred
stock
Offering—The
share.
stock,
after
The
holders
of
curities,
50,000
to
holders
but
se¬
■
Southern
Union
Co,,
and
New
the
price
of
the
Gas
common
per
Mexico
$1.50
Eastern
plan have been
merger
Gas
Co.
filed
with
the
exchange
for
constituent
plan,
merger
outstanding
companies
the
securities
involved
details
of
of
in the
which
and
made
public,
the company will issue
and sell for cash $3,650,000 of first-mort-.
Bond
.
shares
cents
Address—15
N.
:
capital stock,
of
that
for
it
the
•price equal
has
agreed
survivor
to
not less
sell
to
corporation
103%%
than
the
at
a
plus
accrued interest, in such manner that there
--will not
be involved
any
requiring thjeir registration under
Act of; 1933.
As compensa¬
finding a purchaser,
the banking firm is to be paid a commis¬
sion of; one-half of one per cent ofythe
aggregate principal amount of the bonds
The banking firm
also has agreed to
purchase any unsubscribed shares of com¬
the
Securities
and
value
r?
stock
mon
of the
offered
constituent
to
present shareholders
companies
p
Proceeds—The proceeds to be received
the
survivor
company
from
and
the
$250,000
Southern
be
sale
of
of
Union
by
from the sale of its
bonds in the face amount of
common
the
$3,650,000 and
stock
proceeds
Production
Co.
for
from
loan
cash
,
the
will
used towards redemption or payment of
Co. (old Co.),
debt of Southern Union Gas
Texas
Gas
Southwestern
Co.,
New
reorganization
Gas
Mexico
expenses
Co.,
New
Eastern
and
Mexico
Gas
working
the
$170,000
4V2%
first
mortgage
maturity bonds, dated Sept. 1, 1942.
Bonds
each
has
Incorporated,
statement
with
for
serial
will
mature
follows:
as
$12,000
offering
Sept. 1 from Sept. 1. 1943 to and
Sept. 1, 1951; $62,000 on Sept.
Registration Statement No. 2-5046. Form
(9-28-42)
—
North
118
Fourth
Street,
Business—Newspaper publication
Offering—Bonds
102.1073
to
are
plus accrued
be
offered
at
interest
Underwriting—Kaiman
used
corporation's
debenture
Elastic Stop Nut Corp. has filed a regis¬
tration statement with the SEC for 50,000
of
to retire
STOP
CORP.
net
funds
SUNDAY, OCT. 18
6V2V0
bonds
(10-12-42)
specific
has
and
of
stock
.:
the
made,
a
part
but
&
Inc.,
Co.,
St.
due
as
of Jan.
15-year
Sept.
1,
1943, the
sinking
fund
1, 1944
1
will
used
as
1966
$2,650,000..
Net proceeds
and
of
...
.
...
will
be
used
to
in
1942
shares
of
of
6%
an
on
a
stock
date
and
of
in
County
Into
merger
obligation of the
an
com¬
deposit the redemption price there¬
trust
for the holders of such shares.
amount to be utilized in such redemp¬
The
ill be supplied by amendment.
Additional net proceeds from the sale of
tion
serial notes and
common
stock will be used
acquire 300 shares of the common stock
to
$6,000 face amount of 5%
and
offering
mined
or
dates
or
are
more
debentures
1936, due Aug. 1, 1956, of Nepsco
10 shares of common of
have
not
unknown' to
us.
will
or
be
unspecified number of shares of
preferred stock of the company and
for
the
purchase
and
construction : of
facilities for the carrying out of the com¬
1942,
an
7%
CENTRAL MAINE
POWER CO.
mortgage bonds, Series
M, maturing July 1, 1972; $5,000,000 tenyear serial notes,
maturing serially on July
1 from 1943 to
1952, and 261,910 shares of
common stock, par value $10
per share.
pany's business.
*
Registration Statement No, 2-5024. Form
Central Maine Power Co. on Aug, 5, 1942,
filed
engages
business,
of
entirely
Underwriting—The bonds
will be
sold
the
of
within
the
Maine
and
the
notes
under the competitive
bidding
Commission.
Names of under¬
and
amounts and offering price to
public will be supplied by amendment
Offering—Public
offering
price
of
the
bonds and notes will be
supplied by amend¬
ment.
The 261,910 shares of common are
first to be offered
company's
to the holders of the
outstanding
common
stock
and
preferred stock jor subscription at $10
share in accordance with their pre¬
emptive rights.
take
as
the
may
and
to
share
comes
261,910 shares, less any shares
be subscribed for by stockholders,
pay
therefor
provided
effective
the
in
cash
proposed
at
$10
merger
proposed issue of
serial notes at private sale. On July
1942, company filed an amendment
16,
to withdraw the proposed
registration and such with¬
drawal was approved Aug. 19, 1942
Amendment filed Sept. 29, 1942, to defer
with
the
notes
SEC
from
effective date
DENVER
Denver
tributable among the partners or usable for
Registration Statement No.'2-5044* Form
-
A-l.
(9-22-42)
'
Suspension
.
Oct.
22,
data
"v*..V. hearingsh
-
(including
1942
;
ELLICOTT DRUG
FUicott
Drug
statement
CO.
filed
Co.
with
the
,
SEC
registration
a
for
$350,000
6%
debentures, due June 30, 1957.
Address—120 Cherry Street, Buffalo, New
York
Business
is
a
cooperative
1 selling
to
its
whom are
retail
■*
' .'•*'
Company
—
drug
company,
only,
all
of
druggists,
Proceeds — $250,000 of the debentures
will
be
presently issued.
Approximately
$120,000 of this amount will be issued to
replace the outstanding 6%
is being eliminated.
preferred stock
which
$48,000
additional
will be
Approximately
issued
retire
to
buying privilege deposits with the company
The balance,
approximately $78,500; after
will
expenses,
capital
become
additional
working
;
Offering—The
debentures
.new
Chicago
TRUCKING CO., INC.
Trucking Co.,
Inc.,
has
a
for
Underwriting—Brown, Schlessman, Owen
&
Co.,
Denver,
Col.,
is the principal un¬
derwriter
Offering—The issuer, a new corporation,
the exercise of its option, will take
and carry on the present-business of
per
upon
be¬
over
a
partnership
Amendment filed July 23,
stock,
as
an
interstate
carrier of
$50,
par
for
the
will
be
on
a
exchange for
or
stockholder members.
non
Amendment filed
1942 giving to
debentures
dollar for dollar basis and
deposits made by
Oct.
10,
1942, to defer
effective date
UNION LIGHT, HEAT AND POWER COMPANY
Union Light, Heat and Power
gistered 25,000 shares $100 par
stock
;V
Address—4th
&>
Main
St.,
Co.
re¬
common
Cincinnati,
Ohio
Business
Operating
—
electric
utility
company
Underwriter— Columbia
Gas
&
Electric
Corp.
Offering—Stockholders
fer
CHICAGO
registration statement with the SEC
$400,000
debentures,
5%,
maturing
serially from 1944 to 1952, inclusive
Address—2501 Blake Street, Denver, Col.
Business—Operation
of
motor
truck
transport lines
filed
New
England Public Ser¬
vice Co. has subscribed for and
agreed to
decision to
$5,000,000 10-
the
sell
year
lic utility and
and
water
request with the SEC to withdraw
a
uust indenture data In view of
Business—Company is
operating pub¬
in the electric, gas
(6-29-42)
A-2
Address—9 Green Street,
Augusta, Maine
an
y
re¬
members of the company only the privilege
of exchanging the 6% cumulative
preferred
par
bonds,
*
in¬
be
the serial notes and common stock
used to redeem at $120 per share
otherwise retire on or before Oct.
1,
no
"
whose
■
1952,
j to
priced at 100 and accrued interest 1
:i
Registration Statement No. 2-5026. Form
A-2.' (7-7-42»
.
deter¬
been
to
amount
net
all of the 650 outstanding shares
capital stock of New England
Pole & Treating Co. $110,000.
r" ;
\
Balance of net proceeds of the series M
to acquire
of the
but
ago,
1944, maturity
1,
1948
such purposes as the partners may decide
Nepsco Appliance Finance Corp. $9,100 and
W® present below a list ct Issues
whose registration statements were filed
March
by the corporation will be used as
working capital. : Net amount received by
partnership will be partnership, funds dis¬
members
prior to the proposed
and converted under the agreement
merger
norrpal
partner¬
ceived
wholesale
of
the
maturities
Proceeds—The
unspecified number of shares of 5%%
pany to
;
OF OFFERINQ
for
for
100
pay par
unspecifed num¬
preferred
of
Will
underwriter
...
of the serial notes and the
stock
fixed
of
-
in
liabilities
clusive, plus accrued interest
Cumberland
premium in the redemption
be
to
be
UNDETERMINED
days
to
at
due
Corporation
assumes
The
103.28%
principal and- premium' in
105% on Oct. 1, 1942,
pay
delivery.
also
purchase the
partnership and the debentures, from the
partnership and the corporation and' offer,
them to the public at prices ranging irorr
■
series,
of Aug. 1,
twenty
ship.
recently
be
of
course
1942 to be announced of $9,275,amount
first
mortgage bonds,
common
v
DATES
,
date
ac¬
Services. Inc., and
6%
proceeds,
together
the corporation, are
plan
merger
commission
partnership .4,000
to the underwriter, on the order of
partnership, $150,000 of the debentures
par value of $1,000 each, for the
sum
of $150,000 plus, accrued interest to
have
in
to'
the
Cumberland
gen-,
(10-12-42)
the financing
deliver
the
of
preferred stock of Cumberland County at
130% and 110%, respectively, all of which
shares are to be called for redemption by
of
company
in
facilities
an
the
of
will
to
face
ber
are
of the
will
and to pay bank loans
made by the company which were incurred
for
the
purchase
and
construction
of
-.-
allocation
been
become
which
will
deliver
County $9,784,348
public
outside
the
the
redemption
3 % %
compapy
shares of
subscriptions
;v•'
[
Registration Statement No. 2-5049. Form
A-2.
to
funds
A-2.
per
Proceeds—The
other
11,000
preferred
proceeds
writers
prices ranging from 101.57 for the 1943
maturity to 100.50 for the 1952 maturity.
The
average
offering price per unit is
with
NUT
exchange
the
rule
Forks, N. D.
to be
ELASTIC
to
of Texas
State
Address
the
with
,
used
000
of
Registration Statement No. 2-5050. Form
.
on
Including
1, 1952
Grand
by
common,
be¬
com¬
v
proceeds from
date
a
all
shares
Central Maine Power Co. filed a
regis¬
tration statement with SEC for
$14,500,000
first and general
Paul, is the sole underwriter
ital
A-2.
SEC
for
subscribed
of
'
Herald,
registration
Co.,
cap¬
y'
SATURDAY OCT. 31
a
the
thej subscriptions,
soliciting
'
GRAND FORKS HERALD, INCORPORATED
filed
num¬
refund
to
has
$1,494,000 face amount of- l..st mort¬
gage, 4% series, due 1960, of Cumberland
Power, $1,538,060; to pay principal and
premium in the redemption at 105%% on
will receive fees and commissions for
transactions occuring in the State of Texas
and the second will receive fees and com¬
missions as managers of the
sailing group
10
(10-3-42)
Forks
right
ration
business, fran¬
Cumberland, the
of
of
new
of its capital stock, $1 par value,
$250,000 of its debenture 5s and is also to
the
properties
The
;
shares
the
of
vehicle.
motor
equipment, rolling stock, real estate, fran¬
chises, etc;. In consideration thereof corpo¬
of
the
for
in
the
merger,
the: merger
by
corporation will acquire from t6e partner¬
ship1.all accounts receivable, motor vehicle
acquire,
y'^y
with
the
Mackubin, Legg & Co., Baltimore; The
;*:.,Jfr
Exchange Place/ Jersey City,
Registration Statement No. 2-5048. Form
Grand
be
Mor<|>ney, Beissner & Co., Houston, Texas,
eral
par
Proceeds—Fpr investment1
the bonds
tion for its services in
offer
J.
A-l.
in
\V;
Business—Investment trust
public offering of
reg¬
exerr
sufficient
number
holders of
the
brokers
Fund,
share
per
a
If
merchandise
a
Xy-y
Net proceeds of the series M bonds will
Underwirting--The preferred stock is not
being
underwritten.
Names of
principal
,
bonds
by
added
Inc., has filed a
registration statement'with SEC for 1,000,000
to
to
powers, etc., of
business
also
existence
follows:
$50 par, for the 10,000 shares
of preferred
stock, 7% cumulative, par,
value
$50 per share, callable at; $55 per'
share, presently outstanding
met
Underwriting—Hugh W. Long & Co.,
Inc.,- Jersey City, is named as the principal
gage Sinking fund ifeonds, 3% % aeries :due
unaei'writer \
.Get. 1, ,1962
■
V;,' ^
y
t; - Registration
statement reveals that, E.
Offering-r-Date of proposed public offer¬
11. Rollins & Sons, Inc., has advised the
ing! is given as Nov. 1, 1942
f:/
company
is
held.
subscribed
cancel
Proceeds—No
THURSDAY OCT. 22
MANHATTAN BONO FUND, INC.
have
previously been filed with the Commission
and
sufficient
a
preferred
State
(9-29-42)
Manhattan
iy In addition to the securities to be issued
the
; Registration* Statement No. 2-5047. Form
of
Commission and previously announced
:in
6°/o cumulative preferred stock (par $100),
capital expenditures and working capital
at
Details
share.
per
filed
first
amendment
Purpose—May be used for redemption of
A-2.
if
outstanding
share,
portion through underwriters
at $50 per share
;;..,V. :a.
Underwriting ** White,
Weld
&
Co.,
Shields & Co., New York; H. M. Byllesby
& Co., Inc., Chicago, and First Trust Co.
of Lincoln, Neb.. Amounts which: the re¬
spective underwriters will purchase will be
Co., New Mexico Gas
the
and
of
rights,
the
include
cordance
preferred,
unsubscribed
by
not
the
payments
will
stock, through "warrants at $50
supplied
is
reserves
stock will be offered
of
6%
of
.
Business—Primarily engaged as an oper¬
ating utility company
s.
Underwriting—E. H. Rollins & Sons, Inc.,
is the principal underwriter
"i<: Offering—Agreement of merger provides,
..among
other things, • that
the • survivor
corporation shall offer approximately 240,584 shares of its common stock,
par $1
per share, for subscription by holders of
the presently outstanding common stock of
shares
* •/%.'
self-locking
of
stock
common
opinion of the company
and
convertible''preferred
fifst
of
cumulative
shares
prior
registered
thereupon
After
.
effective,
Net
,
Pr
,
of
■
stock
common
now
agreement
an
will
separate
cise.such pre-emptive rights by subscribing
for one share of preferred for each four
of
to
.'■ceased
rights to subscribe for the new
issue of preferred will be afforded a 10-day
ber
pursuant
will
business and all the
chises
reclassifica-
emptive
shares
Maine
come
jtion of securities, is to be offered at $50
company
Offering-i-After -reclassification
hi
shares
(par $1),
of
BusinessManufacturer
,
western Gas Co. to Southern Union Gas Co.
conversion
and
nuts, etc. yd<v':
par value
$1 per, share.
The name of the
registrant will be changed in consumma¬
tion Qf.the merger plan from Texas South¬
(par $50)
pre¬
convertible
Address—Union, New Jersey
to be
proposed
a
.
cumulative
stock
common
for
for
plan)
covering 240,584 shares of
Southern Union Gas Co. common stock,
.rpprger
stock
ferred
SOUTHERN UNION GAS CO.
registration
of f>%
that
says
securities
1909, will be merged into the company and
Central
Cumberland.
large
a
communities
(approximately 80,000 out of 158,289) who
have
not
previously
waived
their
pre¬
i-
the
County Power & Light Co.,
utility incorporated in Maine
pany
of
Texas-
period after the effective date of
istration statement within which
S
of
public
per
Offerings will rarely be made before the day follow-
-
issue
Cumberland
on
£
Proceeds—Statement
the
Houston Natural Gas Corp. has filed a
registration statement with SEC for 40,000
to
mon
subscribe
share
Tor
each
for
each
holders
in
to
units
5/94ths
unit.
of
On
receive
of
one
5/94ths of
a
share
a
share
subscribe
may
will
25/94ths
of
to
held
at
basis,
5
new
ef-
com¬
share
a
$8.32
stock¬
shares
for each share held at $100,018
per share.
Substantially all outstanding stock Is held
by
Columbia
Gas
Proceeds—To
$2,835,000
parent
first
and
construction
&
repay
Electric
Corp.
current
mortgage
debt
bonds
associated companies,
held
and
by
and for
costs
Registration Statement No. 2-4378. Form
A-2.
(3-30-40)
Amendment filed
effective date
Sept. 19, 1942, to defer
T
Volume 156
;
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4117
M-—.■■■■■■'
Week Ended Oct. 10
THE COURSE OF BANK CLEARINGS
1941
*'
■/"■'
by Telegraph
Clear lng++Returns
'; ! "■
■;
Week'Entling Oct. 17
/;,/•!iv";/!,.,
-
Philadelphia^!—J.—„++++—
Maryland—Baltimore—
Total
$
931,771
Inc'
1
or
*
/»
;' DCC.'
■'
•
950,452
•
6,880,000
75,340,908
2,498,681
123,263,922
——»
'
,.1940;
•:
•
,
578,330
-
415,242w,
+ 66.6
2,757,000
2,366,358
+ 16.5
41,981,349
38,255,624
1,350,014
+ 30.0
+ 16.8
213,808,574
1,590,233
65,132,651
2,1
30,354,054
+15.2
36,581,305
246,263,701
(6 cities)—
1939
$ \
;•
2.0
—
4,133,000
64,665,530
1,921,040
105,557,247
.
37,344,419
142,393,617
+
:
*
72,073,026
25,123,565
139,583/829
•
•
Tennessee—Knoxville^—^—_*._™
Nashville—
Georgia—Atlanta
Augusta.*-,—
0-7
Macon
/
———
:
'
'
v
244,281,097
+ 17.8
Florida—Jacksonville—™—.
125,267,174
+ 12.7
Alabama—Birmingham
129,200,000
"112,600/000
Francisco—*195,000,000
.173,769,000
+ 12.2
Mississippi—Vicic.sburg—_„:___^.-
154,398,220
+19.1
Louisiana—New Orleans———
153,132,702
+12.4
5,847,156
1.2
—
29,898,870
4,620.890
.
+12.1
91,900,000
21,189,987
54,900,000
1,354,895
1,027,454
17,470,000
20,517,574
1,801,360
+16.9
1,923,757.
+ 21.4
1,931,925
+ 21.6
'j
J%:\-
4,776,994
22,939,078
-
59,300,000
^
1,603,412
1,152,249
-7-1.3
99,934,744
5,779,298
35,020,646
107,400,000
2,335,974
*2,350,000 '
28,711,935,
39,101,022
,
6.7
4.9
+.
'
-
287,653,465
141,216,001
Kansas
City—
St. Louis——
San
^
Sixth Federal Reserve District—Atlanta—>
+
+
,'
District of Columbia—Washington-™
—
423,000,000
,
'
I*
South .Carolina—Charleston—1—j+'
■
.
:' 370,498,982'
/ ;,■ 426,000,000
Boston-xJui^.
Pittsburgh.—
—;—l!i,
:
.183,831,018
■Cleveland---^--—151,185,48.0
.
,
$2,924,415,122" $2,739,678,052:
352,184,900;
-
1941
V..
1942
-
)
Richmond
!/
;.New.. Yark-fci-,-—!!+
*
J,
^
West.Virginia—Huntingtonj—"—.
$7,614,830,449 against $7,203,003,161 for the same week in 1941. ". At this
center therevis an increase for the \Veek ended Friday of 6.7%.
Our comparative
/summary for the week follows:
!+::+. V- ''- v:•': '/v'
,
■.
,
Virginia—Norfolk—.
stands at
;
-
Fifth Federal Reserve District—Richmond—
;
week show an increase compared with a year ago. Prelim¬
inary figures compiled by us, based upon telegraphic5 advices from the chief cities of
the country, indicate that for the week ended Saturday, Oct. 17, clearings from all
Cities of the United States from which it is' possible to obtain weekly clearings will
be 5:7%" above those for the corresponding week last year.
Our preliminary total
'■
''
,
Bank clearings this
.
1377
..Ji-.b'.i.>T'
Baltimore—112,281,968
:
+ 14.7/
Mobile—
.
Total
^
23,448,000
35,227,933
22.4
i-
+ 11.0
4,737,206
2,993,931
+ 58.2
'495,513
274,032
59,652,552
+ 80.8
+ 29.6
34,795,537
313,213,353
253,098,156
+ 23,8
157,887,599
•
'
(10 cities).———
'
21,127/016
209,902
77,281,759
;
—
14,2^,000
2,054,933
'
208,050
42,39tl,0O2
•
169,76V,745
+
$4,596,559,971
Other cities, five days.
$5,843,706,988 ; +' 5.7
All cities, one day—r__—;
$6,179,025,374
1,435,805,075
$7,614^30,449
$7,203,003,161 ; +
+
;+ 2.3
1,247,147,015
Michigan—Ana Arbor.:—
Grand
\
i. /■
•
.
v
ail
Total
,
/•
"r-/+/"■/•!'!:'+.'+■>'/■;
■
1,359,296,175
' 613,220
+.-5.6
■
V"
'■■■"'■■!
:
>/..
/
v.
South
Bend
"
Illinois—Bloomington—._i—_^-_:-Chicago———-_r_—i—-
•:
15
-
4^^
5,878,275
20,288,239
1,308,474
! 10,285,866
10,232,521.
.4,394,349
4,247,631
'
.
■'
1,999,958
376,370
v
+
+
42.3
466,791,299
'+
298,534*329
'
1,146,666
.3,513,202
1.7
1,515,010
377,312
242,634,683
+ 89.5
+ 1,7
1.7
2,061,503
3,924,738
.
1,140,409
.1,189,273
1,176,415
/•*;: 1,386,702
313,370^043
"377,711,778
86,900,000
32,268,354
32,886*242
; ;:
+
■
114,700,000
+ 28.1
85,300,000
58,421,914
54,752,046
+
6.7
29,333,261
71,635,643
68,311,738
+
4.9
36,460,398
939,000
676,000
+ 38.9
277,896,557
.
•
'
146,900,000
-
Ninth Federal Reserve
4,601,850
,
238,439,784
+ 16.5
556,000
650,000
151,649,659
152,704,596
>
,
District—Minneapolis-
Minnesota— Duhith——4,239,935
,3,811,353
99,944,252
+ 11.2
9.7
:
,—39,187,476
North Dakota—Fargo.
3,216,777
South Da kota-»-Aberdeen
'
1,201,493
33,722,8^4
+16.2
v"
1,345,061
-10.7
Montana—Billings-—1,517,469
1,408,648
+.7.7
4,987,837
+
2..6
3,479,524
148,346,654
+
10,6
114,657,477
——■"'-v*
Minneapolis
.
109,611,374
St. Paul—
—.
■
Total
5,118,231
—1
(7 cities)
+
3,126,679
-
Helena——:———;
by Federal Reserve Districts:
BANK
OF
(4 cities)
*
.
1,204,798-
474,687,527 ' '
Kentucky—Louisville
Tennessee—Memphis—V
Illinois—QuincyTotal
19,655,000
1,874,413
5,733,066
17,142.852
1,358,709
2,156,337
—„
1,116,488
1,914,042
+
2,034,584
•
cities) -1———™/
Missouri—St. Louis-
respectively; t Cleveland managed to enlarge its totals by 15.0%, the San Francisco
District hy 14:4%:artd-th&JVrimieapolis -District by 10.6%: • In Boston the increaserecorded was Of 4.6%.. Chicago had the lowest.percentage in the country with an
increase of 1.7^
^//-4:-.^4^45v
^4^:"l"f/■
a summary
—;
Eighth Federal Reserve District—St. Louis—
23.8% gain in the Atlanta Federal Reserve District,
In Dallas there was a 21.9%
gain in the volume of checks cleared over the same period last year; in Philadelphia
the increase was of 21.4% and in St. Louis and Richmond of 16.5% and 15.2%
'
(17
*
-
Springfield—^—i.*....
6.9
'
492,082
360,094,448
•;
Rockford—_1—
Total
.
2,282,992
1—_—4,679,273
Peoria-.-
*••,
.
5,619,111
Decatur—i
'5^- -^
15,516,534
*
;
however,1 which we present further below
we are able to "give the final and complete results for the week previous—the week
ended Oct.; 10.! For that week there was an increase of 14.5%,; the: aggregate
of clearings for the4 whole Country having amounted to $7,946,494,891 against
$6,940,508,374 in the same week in 1941. Outside of this city, there was an Increase
of 12.2%, the bank clearings at this centre having recorded an increase of 16.5%.
We group the cities according to the Federal Reserve Districts in which they are
located, and from this it appears that in the New York District (including this city)
the totals show an increase of 14.3%. The best gain was had by the Kansas City
District with an increase of 28.5%.
The nearest approach to this level was the
SUMMARY
;-•"
—;
1,529,024
15,878,000
'
+ 10.1
"■+
415,047
3,324,086
1,844,402
+ 29.7
7,482,968
+ 16.0
25,017,045
+
5.5
1,624,727
v
12,293,320 / +26.2
+ 5.3
5,337,357
+ 14.2
430,775
369,083*473. +-•2.4
29,024,812 ' /
1,713,274
Sioux City
In the elaborate detailed statement,:
furnish
"
;
+ 30.5
24,949,000
2,966,982
9,703,981
,
Wisconsin—MilwaukeeIowa—Cedar Rapids
Des Moines_*
*
+ 33.5
2,329,494
•
403,037
,3,254,948
1,541,75a
26.4
+
1>811,457
3,170,600
•
+ 32.0
3,678,480
'■■i
.
3,040,401
,
.+
—
Terre Haute—
Complete and exact details for the week covered by the foregoing will appear
in our issue of next week. We cannot furnish them today, in as much as the week
ends Saturday and the Saturday figures are not available at time, of going to press..
Accordingly, in the above the last day of the week in /all cases has to. be estimated.
in the following we
i
2,418,562.
.
Indiana—Fort Wayne——
5.7
■
.
464,596
-Rapids'-/—4,651,316.
Lansing.—
Indianapolis—27,476,000
cities for week—
*Estimated. ;•/•
■'
en
Seventh Federal Reserve
District—Chicago-
6.7
$4,902,967,954
1,276,057,420
''
:
164,092,755
—t
2,9
3,005,341.
'
3,319,565
75,153,753
-1-
78,255,691
28,602*154.
,
28*479,414
2,463,664
--
2,568,304-936,764
913,643'
1,039,398
+4,163,565
4,278,440
i;9,001,833
_:
+!!:
CLEARINGS
4
4'
Week Ended Oct. 10
;' ''+'
1942
4-44 1941
,
Inc.
'
Dec. %
Federal Reserve Districts
348,744,671.
12 cities
1st
Boston
2d
New
3d
Philadelphia
.York-™*..-—-/ 12
-.,-528,489,620
*10
470,198,246
7
4 th
Cleveland
5th
Richmond.
6th
Atlanta
7th
Chicago
!
6
246,263,70 1
*
lit
.
.
17
1.'
474,887,527;
:
4'
7
-*
-r164,092,755
10
231,541,641
10th Kansas
11th Dallas
*
6
387,293.162
12th San
+ 15.0
,142,393,617
.
+ 16.5
:
y
!
r
•
Wichita—!—
60,703,083
115, 165.
"
6,940,508,374
+14.5
3,300,217,179.,
7,935,344.891
3,693,225,734
;Tot';rl. ».4——i—lll cities
Outside New York. City—'
+
v
42,859, 957
3,310,466"'-
_•-•—
4,434 ,990
•
;
'
-
.
1
We
add
now
.
Colorado—Colorado Springs—
Pueblo———-—--—.—Total
70,810,547
4,748,062,854
+28.8
3,696 ,828
'+ 23.0
4,546,474
•
-
947,799
683 ,152
■■■
>'■ ■■ ■>■
'
.
>
808 ,221
+
180,204,995
;
(10 cities)——
■
■V-+.;7:
:
First Federal Reserve
h095,834
4,851.684
Massachusetts—Bostonu^.-.
303,116,977
:
Fall River—,.
//;/•>/;. 909,435
■'Lowell^'-—•
395,027
/New Bedford—'
/ • 1,185.055
Springfield.--——1
3,988,727
*•
Worcester.——-.*——"
2,499,434
Connecticutr-*-Hartfo'rdi.i.—11,103,713 A, New Haven—+--+ '//.■■■/■''/' • 5,335,407
Rhode Island—Proviclencei—.^—; 13,578,900
New-Hampshire—Manchester.-—;• ;/ ■ >/. ,684,4.78
——.
315,56?;r78
;
.
mm
.
.
.
f ."
+
:
,
285,519,570
.
819,959
'v 631.524
1,126.086
2,534,823
14,134,313
Total
*
+ ,5.2
9.9'
-
5,672,084
—
—
•
•
V
706,908
,
-
+
■.t
348,744,671
(12 cities)/
5.9;
EUnira.
;
3,948,056
.,
!0,041,400
9,043,500
-
:
-
427,582
.
204,392,592. +
519,779-
/; 36,900,000
+16.5
0,1
6,971,044
3.0;
;
—16.i;
774,719
923,137
3,640,291,195
10,390,549
10,375,712
Rochester—
:
-
Syracuse.—.
——-•—
Connecticut—Stamford—^^—
.
.
..
v.
«
+
4,805,665
'
'•■-;>'
+
.
+
21.0
;.+
1
6.2
6,736,931
460,865
5,104,917
8,152.864"
499,850
Jersey—M011
22,683,244
22,528,791
.
+
.
/..
: ■'
645,566
+ 54.2
2,826,779
4,079,533
3,468,335
—31.2
2,568,820
"122,010,203
142,074,000
2,280,030
3,286,219
7,476,245
204,731,000
(12 cities)^::-—+
*.
!
-
'618,879
'
t
J
•
8.5;
: .3,826,366*260+ + 14.3
4374,364*158
'5
>■
.
.
.
27,133.495
- •
2,394,169,233
.
,
——^*.-1-—
.
.
"• ''•'•
'
"//
4,644,167
—
514,000,000
^
Scran ton
Wilkes-Bar re_
_/
.
1,678,498
•
•-•-■■•;
...
,
-
1,086.447-
New
,
+ 14.4
214,241,911
3,300,217,179
+12.2
4,460*401,919
2,152,620,169
'
1941
+
—
1,6
+
v
..; -v:;
.
-1-
■.•
*
135,492,526
166,519,320
/> 57,896,572, ,+ •! 156.994,678
*
3,004.500
+ 26.2
:
>
-
559,959
+
22.9
+
1.6
Quebec—
Halifax
!._—-!—!!—™.
5,913,554
528,489,620 "•
<10 cities)!—u__a—
5,172,549
+14.3
3,650,170
.+
9.5
3,326,747
7,569,968
7/384,190
+
' 2.5
—
„
.
Calgary——„—
John_
W——i*
^
7,757,228
-■
.
•:
'
+ 2I.4:
321,902,133
■
.
3,001,074
"
79,171.692
'
162,458,880
Cleveland—--———
•
13.160,800
".Columbusa.;^———
142,486,356
12,176,800
+
8.1
2,264,528
.
+
5.9
3,423,570
+ 20.0
55,786,691"
85,111.071
:
Mit 1 vK-jficld™*—
*
,
. ————.
Youngstown
-
.
'/,*
4"
•
f.'
►
'
^ '
*
-
:
4,107,268
.200,793,687
Pe nnsy 1 van Ia-^-Pi.t t sburgh—! _
+.
2,397,315.
:
"
166,365,909
•
-
..
11,085,606
+ 20.7"
1,576,587
1,336,660
h
3,214.736
102,854,957.:
.
2,851.605
!
—
6,394,473
517,700
703,834
613,290
+ 14.8
571*067
697,039
.1,854,228 '*■+ 15.7
1,979,463
1,872,604
+ 26.7
4,836,180
+ 11.1
8,250,101
+ 20.5
'
484,437
'
:
:
,
945.215
1,212,092
1,219,135
1,241,457
1,168,166
1
~
•'
Hat_-„-
729,033
.
4,378,984
438,869
733,405
•
'475,521
■
465,428
1,046,282'!
6.3
805,929
:
+ '4.7
975,980
1,021,998'
-U ——
•
•
0.6
+
•
,
+
.
861,466
!
-
'
v
990,330
609,932
411,406
'
698,754
4.2
1,306,194
1,218,712
+
7.2
3,694,694
3,201.408
+ 15.4
-i——
".
_
592,239
;
•
———
Sudbury—1--,—
4'. *
/.".'Total (.32 bities)
/
:
•
-
''
•
"
-
.
:-
.
•
/
1,003,212
472,608,623
959,316
2,794*905
2,204,688
411,176
8.8
443,922
9.6
889,763
805,627
555,130
3.1
645.994
526,223
+ 23.7
457,800
/569,558,107 /
.1,121,784-
4-
699,568
566,315 v
.1,100.621 -
Chatham——!
686,167
857,033
+
869,527'
,678.023
475,086
416,588
1,031,472
1,011,410
-r-
+
.
9,7
+20.5
T
.
358,943,850*
705,458
,
.
315,563,178
*
.*-4
.
408,889,927
+ 1531-
249,969,358
• ■»
283*126,222
V.
..
Of,
'!. v..
!
•a'.'it-- r'H.
623,619
"
+11.6
1,101,093
970.768
*
—
544,379
1,207,005
..—./—-
—
Kingston
'";s
1
Kitchenev
/598,244
795,546
+29.0
767,772
*
;'
:
397,004
2.2
+
Sarnia
.
-
-
1,265,808
♦Estimated.
470,193,246-
9.440,794
.
'
762,068;
+ 29.7
1,318.659
Moncton
,
ill,410^03-'
■
(7 cities)-—-™
2,237,837
'
'
-Total
1.558,643
1,534.155
.5,234,987
2,145,999
Windsor
.98.566,-411-
9,031,900
•
7,105,970
623,699
Sherbrooke—!r——
•
1
2,580,328
8,673,189
^
6,630,889
—
Peterborough^!—
2,088,556'
46,209,420
5.9 ;
+ 14.0
+
:
"
346,51.4,804
1.970,687
+ 13.3
!
1,988,661
,3,012,452
—a
Prince Albert
3,400,472
2,168,889
+ s 3.4
+11,5
;
2,166,645
7,208,043
+63.9
2,203,238
'
'
4
83,879,824
2*182,020
4,792,068
+ 15.0
6,711,117
,
2;240,926
*_
-
Medicine
Fourth Federal Reserve District—Cleveland—.
Ohio—Canton 4.1
Cincinnati_*u^+;—
4,553,678
5,545,840
3,359,875
—
New Westminster-
1,256,473
3,865,900"
:
18,738,082
•
*
3,612,000
—.___—
14,330,182
■'
'
'
-
435,271r90T"
-76,910,895
71,015,259
40,179,937
+ 5/298,949
3.997,888
•••
+
17,173,897
+ 70.1
5!
$
79,794,645
53,077,065
60,488,465
Fort William^-
,1,080,36?
2,139,800
1939
i
89,324,186
•:
!
;
;
Brantford—*——— !.
1,449,904
•
•
'•
102,880,231
Moose Jaw.:
2,058,464
/
817,400
1,123,334
$
+ 39.8
!
Saskatoon—:
-334.000,006:
.
■
19,707,010
Lethbridge-
,
:
2,385,858,988
101,378,691 1
i
Brandon—/
l;407,80l
1,123,466
1940
'•
4.6
27,544,303
Regina
■351,788
1,707,161
T
•4*748,662*854
'
1,212,634
3.2
/:242,681,768
'
Oct. 8
or
139,323,884
145,734,720
Toronto____———!
Edmonton——
367,305
312,000,000
■-^30.3.?
+
^
Inc.
Dee. %
$
London———:
484,148
1,051,067
2.0,
1,887,854
.
3,792,900
Jersey—Trentonj-+_l—_
Total
2,638,441
+14-.5
■
'
359,966
■
—14.4 :
2.441.48T
1.558,236
.
1,917,952
23.4
+ 22.1
1,457,414
!
—
•
York—
1.3;
—10*4-
421,000,000
;
2,363,345
.
.
—
+
.565,410
\
-
—
1,111,382
1,247*239
.Philadelphia—
-
567.126
.506,646.
"'Reading— 1—__
•'
2,736,138
338,580,200
Canada—
St.
2,467,881,133
»
V
'•'
1,371,229. •;•
v
:
t-
Chester;.—
Lancaster
1,290,371
+ 22.7
6,940,508,374
-
,
1,159,354
3,500,330
Hamilton
17,120,201
.
23,006,926
::
559,695
*
.
—84.3
■
.'
412,140
290*392
*
3642,061
—24.2
387,293,162
:
15,939,661
1,596,467
/
7,935,344,891
'
ail cities)^.—
—...
4,573,478
13,873,660
\
kThird FedieraI-Rewrve"Di«t*tci^PhlI»dciphia.~*'" ;"1:
Pennsylvania—Altoona!.—:
Bethlehem!——w__——
9.5
+
Ottawa!—^——
4,273,546
?
4,969,659
0.7
1,268,223
"31.418,894
3,693,225,734
Total (10 cities)
Vancouver—-——.
•
3,437,-765
-
—14.7 ^
38,109.502
1,253,921
30,860,002
14,020,601
'
3,950,384
.
4,295,062
Victorian
■
35.8
*
186,922,048
1,209,639
*
i.
Winnipeg-!—I---—!
7,534,058
'
;
37,044,365
+16;7
-Montreal—
897.608
2,362,203,866
*
32,504.014 ^
34.526,063
21,347,512
4,847,095'
24.913,302
:;;.:::+:;X942 s/!//:x
*
"
Newark—.——-^.—:--—*.—
"Northern'Netv Jferscy-'^ialJ'
+15.4
+
239,696,004
27,600,0Q0
405,384
"867,600
2,307,781*750
4,242; 119,157
"
60,826,999
Week Ended
+ 29.9.
'70,810^547
+ 37.1
*
Grand T^tal
1,073,879
.783,752
1
1,694,880
5,113,296
:
'860,104
-3>03,2,831
60,703,083
9,970,298
923,106
-
'2,783,000
2,734,507.
50,426; 15ff
Stockton:——————.
:: 4,241,947
Jamestown.
.
T3,
2,301,333
"San Jose
"
Total
* +21.9
"
/—.*
Santa Barbara
+ 87.5
"New York:.
•
97,231,230
—2,385,370
-
San Francisco
910,736
-24.1
1,017,825
+1,778,000 *
778,14%:
'
+ 40.6
—
'■!■""!"/; 69,150,271
2,223,109
1,174,643
+
790,592
2,156,793
55,032,038
6,345,691
7,558,891 '
7.9
+
1,206,9865
70,203,061
;
3,137477-
6,208,838
44,200^)00 >• + * 42,900,000
-
,
2,631.000
118,559,500
(6 cities)—————.*
Pasadena
,
404,241
2,202,558
+BUffalO-r_C_iS_—-
New
•
-
4.714,461.
Bingham ton._—
i
til,060,057
+ 29.6
4,446,059
California—Long Beach-—-1.—i.
1,292,091
;
v
3,353,683
6.61
4.6
+
*
•138,562,595
1,293,540
46,559,944
+ 21,4
Reserve District—-New Yerk-
Seeand Federal
New York—Albany.
•
333,479,388
■;
i; •
•
Tweifth Federal Reserve District—San Franeisco—•
Outside New York
Total
+ 13.2.
*0,250,000
*,
Utah—Salt Lake City————.
204,697,824
/
8,497,974
;
;
3.2-
—
;
135,065,214
■
1.4;
+/14,533,000
'620,775"'
-
;
75,683,882
2,840,000
.
/
119,136
Oregon—Portland—
2,030,620
313,616
651,497
2,877,109
2.015,771 ;
.
+
—21.4
520,673
,
594,265
.
37.4/
^
639,620
.,527,141.
s
8.9
+28.5
2;203,246
.
*14,000,000
>
Palis
Washington—Seattle
Yakima————!
173,929,945
++103,-
3,629,869
2,388,555
>3,157,036
■
1939"':
•*
690,103
1,997,547
-
6.2 +
+
-
-Galveston—■...
Wichita
.
; $ /
:
+69.9-
.
1,799,056
95,135,858
'
■' +!,: 2,493,364
;
Louisiana—Shreveport-—;
-
'■/
1940:
Doc. l/o.
2,855,050
f
.
■
<
:
10
*
—16.7
1,316,202
*.
—.
■
•
-
Portland-—
•
Inc. or
$
$
■ ■ - ",7V"
District—'Boston—
•
■
•*
a.
1941
■/1942;.'i::'1
Clearings at—
'
/:
Week Ended Oct.
..
'
■i
Dallas—91,857,000.
detailed statement showing the figures for each city for ' the
our
week ended Oct. 10 for four years:
;.
?58,943,850
,
'
*
2,783,041
95.314,950
3,162,737'•
+.38,7
; 880,075
231,541,641
•;
Texas-r-Au.stin_^_—^
2,152,620,169 ,* 2,385,858,988
472,608,623 -.+ 20,5:
569,558,107:;
-
:
146,700
31,679,740
^
+18.0
122,434 ,531
:
.
-.•■•"Fort: Worthi'-'
Canada/32 cities
^88,500
V 2.730,938
28,153.999
'1,853,045
U
1,881, 109 "/+ 76.0
5,231,634
.
V
.
108,027''
2,459,689li
! tt.ft
+28.2 "
157,747,917
:
Missouri—Kansas City
'!' • St. Joseph--'—.—
8U10
.v
,
i+"C8,2
•242,681,768
.
4,460,401,919
•
12.2'
JQ8.1
1
Eleventh Federal Reserve District—Dallas—
..
+
168,,702," +79.9
3,122,,340
54,954,827:
■
Kansas—Topeka_—-+--+—i.—J^:--.
119,001,833
214,241,911
+ 21.9
+ 14.4
+
'
152,704,596
135,065,214
338,580,200
Omaha—
„
138.562,595
114,657*477
/
.
iV!
239,618
v■'''' '303,550 "
/ 3,379,281
••
.
377,71 i,778;
151,649,659
+ 10.6
Nebraska—Fremont^.———
'Hastings!Lincoln-'—™-—
V '
: 169,767,745.
313,370,043
1.7,
Tenth Federal Reserve District—Kansas City-
139,583,829
*
157,887,599
;
■+ 1
,
•
-
249,969,368
r
23.8
+ 28.5
•
g
239,696,004
2,467,881,133
346,514,804
-283,126,222
*
/, 321,902,1-33. '
+ 15.2
' 97,231,230
-
•
204,392,592
+ 21.4 »'■
'+'
■.
2,394,169,233
14.3.
+
148,346.654
180,204,995
V
•118.559,500
Pr'ancisco—— 10
:.*'
.
+
•
'
•
4.6
■+
253,098,156
466,791,299
238,439,784
277,896,557
•
St.
Mhineapolis
City—
4
*313,213*353
*
Louis!
8t;h
9tll
333,479,388
3,826,366,260
435,271,907
408,889,927
213,808,574
,
4,374,364,158
"
H
1939
1940
or
;
;
'
•;'
</•/-
.'
•
;
.
'
!'
.
THE COMMERCIAL & FINANCIAL CHRONICLE
1378
Per
Name of Company
Redemption Calls and Sinking Fund
American Stove Co.——
Best.
in the "Chronicle."
■
Fund,
Atlantic Coast Line RR.
Inc.
preferred
5ft
due
1964
Light & Power Co. 1st mtge. 4s,'series C,
—No-V
improve, mtge. 3y2s,
.—_.—.—Nov
17
series
ref.
Ry.
Ohio
&
&
1996——.
D, due
'
-
Fuel & Iron
(quar.)
Quarterly
.
1234
dated
—
—
1
1st mtge. 5s due 1944'_Nov
2
957
Nov 16
1324
due 1949__*__
mtge. bonds,
4 'M
12-15
25c
$2%
.12-1
11-20
ft
;
Denver Tramway
Corp. gen. & ref. mtge. bonds, due 1950-Jan
1
Ltd., 1st mtge. 6ft bonds, due 1952—Jan
1
11-16
5C
10-31
10-17
ft 15c
10-15:
9-30
ft,-'.
1
' 864
1
1150
1
bonds' due 1943—Nov
1st mtge. 5 Vs %
Eaton Paper Corp.,
1150
Inc.
Davidson Brothers,
Public Utilities, Inc.—
'
1st mtge. & coll. trust 6y2ft
bonds, ser. C, due 1955i-Nov
Shoe
Great South Bay Water Co.,
Hoe'
5'< -17c
;
Prior
notes,
stock
Preferred stock
.
bonds, due 1944—Nov 16
LHome. JeaephQne--&
.Telegraph.jC(Lr^l-.^—±
1st 4s due Sept. 1, 1955—Nov
1>
convertible- debentures, due 1947_Nov
6"
1
Madison
&
due 1952____—________..Nov
notes,
Ry., 1st 5s due 1959
30c
•
Hospital,' Milwaukee,
Mlsericordia
collat.
bonds,
s.f.
ref,
1st
&
!_Nov
mtge.
—J
1st mtge.
1330
New Mexico Utilities Co. gen. mtge. bonds, ser. A',
Nov. ■ 1, 1935—:
—.
u
___•
:
•
'
"11-16
: ft 10-16
10-15
87>/aC
11-
2
t$l34ft
11-2
-ft $l 3/<
12-
'
10.-26
& Hampton
Ry, Gas St Eliielrifi Co.,
mtge. 5s, due 1944—_.————Z—Jan
1
f2288
10-4
11-
;.:$$2
10-20
I
11-2
10-20
11-18-
11-2
11-2
7.5c
Niagara Falls Power Co., 1st & ref. 3V2S of 1936——Dec
1
1242
Co,
(Charles E.).Co.
Hires
10- 1
10-30
9-26
10-15
>
10-13
10-10
11- 2'
9-29
10-20 v
10-20
10-25
10-21-
41 %c
11- 2'
10-20
50c
11- 2
10-20,
10-15
15c
,475c
.;
.
11- 2
11-10
43c
$2'/2
(interim)
(quar.)
11* 2
487c
(monthly)
..
II- 2
58V3C
Rolls-Royce, Ltd.—
-ft-ft; -.
ft.'
'ft'vft ^: ftft
Amer. deposit rets, for ordinary regis.——
10 and 25C Stores (quar.)
ft
•'
ft 10-20
11- 1
392/sC
20c
——
11 - 1
St. Louis Screw & Bolt, common,50c'
ft"Ttrpreferred"fquar.)
ft
'
—_
;-
10-26^ft
$i%""'ft 11-" 1
.
10-28
,
20c
11-14
11- 6
Silex Company ft (reduced)
yy—25c _ II40t ■;■■■< 10-314
Southern Pacific Co. (resumedi—y—-y—.. ft
SI
12-21
11-21*,
•Springfield Gas Light Co. (quar.).ft
30c
1045
10- 7
Standard Equities Corp.———_y__
10c
10-30
10-21
Stein (A.) & Company-—'—-—25c
11-14
10-30
Sterling, Inc., $1.50 conv. pfd. (quar.)——— ;
37V2c
11- 2
10-23
Superior Portland Cement, class
; ^ 50c
ft 10-28
,10-21
ft Swan Finch Oil Corp., BCM
pfd., (quar,),_yi. ft SVMd
9- 1 ft . 8-15 f
ft Texas-New Mexico Utilities Co,--ft:ft>.';>■/'ftft-'ft'-'ft'-ft-ft. '"ft ft-'vftft
7'M preferred' (fipal)—
ft'' 34c
9-17
$4 2nd preferred, (final)__y——y_.—-_-ft
$1.52
9-16
—— ft
Texas Power & Light, $6 pfd. (quar.)
— ft; ,;ft $1%
41- 2
10-20 ',7% preferred (quar.)w«_^_ft_y :
$1%
11-.,2
10-20 ^
Toledo Edison Co., I'M preferred (monthly).
41%c
11- 2
40-20 ,
ft 6 'M
preferred (monthly 1 „y
—'
ft: 50c
ti- 2
40-20 .
7^ preferred (monthly!—58V:jC
11- 2,
10-20
t
Torhiito-Blevators, Ltd. .(Interlini
■
4$l
11- 0— 10-30—
Tyler Rubber Co., 67» preferred (quar,)
$IV'2
11-14
II- 2 ft.
Union County;Corp. (liquidating)
$1,039 . 41- ,2
10-10
Scotten
Dillon
Coi—L—;
.
•
10-19
440c
News
1st & ref.-
.
10-20 .
11-15 ft
.11-15
.
10-15
-.
68 ?,\c
•
9-15
40c
.
Newport.
41- 2
12- 2
12- .2
.
.
10-23
11-14
"
10-15
$2
(quart)———1—:——-i—y_;'
10-15
ft
1
11-16
40 c
$1.-52
$5 pfd.
preferred <quar.)_
Hartford Times, 5 V2 ft preferred (qiiar.) —
Hilo
Electric Light
(irregular)—_I—
1154
_+_Oct 19
10-16
2
Hammond instrument, 6ft
dated
10-20
11-16
11-
(final)-iy
(quar.H—i.——
Belyea, Ltd., class A (qujar,)——
Class B
10-20^
10-31
$ 1 Vt
]
Georgia RR. & Banking Co.
-
11-2
50c;
v
Public Utilities,
General
dated 1922—i_Oct 31'
6s,
11-13
,10-20;
tIIT-—2— -40-20*-
:.>$iy2..ft
ft'-ft ft-$1 ft
"ft
$1''
General Cigar; Tft preferred (quar.) _y-,yy--::
General Foods Corporation (quar.)i_w----_-
1330
>
of Colorado—
Rose's 5,
11-2
10c-
(s-ai^—;
Securities—
11- 2
11- 3
10-22
9-12
10-20
'ft'ftftftft -■,
8-11
10-20'
Royal Bank of Canada (reduced quar.)_—__
4$IV2
12- 1
10-31 ft
ft Royal Trust Co. (Montreal) lquar.l—_—480c
11- 2
10-20
Saginaw & Manistee Lumber, 7'M preferred,*
$2,
10-15ft 10- 1'
St. Lawrence Flour Mills; common (quar; i—
435c
11- 2
10-20
'/■'■''- I'M ' preferred- (quar.)
;"4$I%-ft ft 11^ 2:
10-20 ft
ft :
10-26
12-. 1
common—
y__—;—y__
Telegraph
Gordon &
.Monroe Coal Mining Co.,
11-1
:
$l3/4'-
•
■$3.50; preferred (quar.):—
General Cable Corp., 7ft preferredi---—ir
783'
1
1938——
dated
—
Industrial
Fulton
1330
Minneapolis Gas Light Co., participation units———Oct 30
'
Extra
Franklin
I
——Nov
10-16
10-23
2
6</o ft 1-4-43 >ft 12-28
'
preferred (quar.),—Fidelity. &. Deposit Co. of Md. (quar.)——
Fire Association of Phila. (s-a)
1328
Kline Brothers Co.,:5ft
ft 11-
15c
ft.t75c
——
—
,
10-22 .'
2:
2M»/».11-30 ft
$2
10-1.5
$l'/4
10-15
.
-
,
10-22
10-31
10-30
25c
i- ——
Quarterly
1328
Interlake Iron Co., 4%
ft-llft 2
25c
6ft
865
Houston Natural Gas Corp.,
.
ft 11- 2
10c
J
(Dallas, Texas)—
Fairbanks-^Thei -Company,
514
2
ftft- $2
"
ftftft--
6ft, gold bonds, series Af due July 2, 1943—Jan
1st mtge.
Litchfield
*
.
11-2
75c
Equity Corp., $3 convertible preferred—i—
Faber, Coe & Gregg, 7 ft preferred (quay.) —
1327
:
10-31
'
—
preferred
•■'
$1V'2
$3V2 ft
6%. preferred (monthly)
^-ft
7% -preferred (monthly)ft:
.
registered
Ordinary
;
..
Holly Sugar Carp,, preferred stock--.——Oct 16
ft 7 yaC
(irregular)
Emplojners Casualty Co.
1327
'
11-2
(monthly) — ^—;
Duquense Brewing Co„ of Pgh. (quar.)
Electric- &-Musical Industries, Ltd.4- '
•
:
1327
—Nov 16
—
5';»
Ltd.
Co."(Phila;)
Co.
10-20
10-20
10r2O
10-20
10-22
,
.
2
11-
ft $!%>.
_^.J—
Co.
,
$lVa
$l3/4
25c
25c
10-24
10-31
11-5
10-20
Quincy Market & Cold Storage & Warehouse ft:v ft;ft
10-21
Co., 5% preferred (quar.i-i_-_yft-ft,ft-___ft:
$1'/*
II- 2
10-15*
12-1
Republic Investors Fund, common__i__r____
5c
10-31
10-21,
10-17
•>;6rM preferred A (quar.)—;" •• 15c
2-1-43 1-15-43
10-17 ft
B'M preferred B (quar.)—
<
15c
2-1-43 1-15-43
10-21
v
Republic Natural Gas Co.___—___20c ft 10-26
10-16 .
Rheem Mfg. Co., 5% preferred (quar.)——_
SlV*c
11- 2
10-15,
10-23
Rhode
Island
Hospital Trust Co.
(Proyi-ftftr':;;;':ftft:'ft/ft- ft'^ -ftft^'ftft
ft
.10-23
;
dence)
(quar.)" i_:
_—____:_i_y.,
:•
$20
11- 2 ft- 10-20
10-20
Riverside Cement, $6 1st preferred (quar.)
$l'/a
II- 2
tO'-lS
11- 2
Dominguez Oil Fields
1327
__————Nov 16.
,
Truck
Divco-Twin
; 1327
—i-.J-Nov 16
1944_
due
preferred
1 ,'1238
Nov
1st 5s, due 1949:—••
4'/2 ft-6 ft ft
& Co.; Inc.,
(R.)
Co._:
Trust
Public Service
10-15
12-15
$1%;
convertible prior preferred (quar.)'—
-8ft cumulative debentures (quar.);———:_
Diamond
2
11-1
:$IV8.
$6
•
'■
Provident
7
12-
ft
—y
.
Privateer Mines,
6
11-
•
5
11-
37>/aC,
;
■.
12-
At2Qc
(quar.)——^—
Manufacturing Co.—
Dennison
coll. trust 6 Va ft bonds, ser. A, due 1956__Nov
1st mtge. &
-
5$1 Va'
——
General
ft 12-15
11-16
5cf
43 %c
;
—
7'M
10-5
10-6
,
;
preferred, (quar.)
preferred (quar.)
iPollock's,' Inc. ..(irregular
Portland Gas &^ Coke, 6rk preferred^_______
7rM preferred
10-7
_——
$1.40
.
.
10-24
12-. .1
11-20
10-29
9-19
11- 2 '--.t
.
30c
.
Ordinary registered (final)
Plymouth Rubber,, class B (irregular)
10-7
10-15
-
Peun- Sugar Properties Corp.
j
10-15
,10-15
$3
(quar.)—————.
6ft pfd. (quar.)-—
Drug Co., common
J——r_
7ft preferred (quar.)__
Crows Nest Pass Coal, Ltd. (interim)——
Cummins Distilleries, 8ft
conv. preferred-_
Cuneo Press, Inc., common (quar.)
4Vaft preferred (quar.)
-J—
Dallas Power & Light, 7ft pfd. (quitr.)
;
$6 preferred (quar
—- :
1047
6
$l1/2
Crown
1236
Eastern Car Co.,
•
•
11-12
$4c
ft 60c
•
—
(quir.)
10-
11-28
.
I'M
•
(quar.) —1-
Covington & Cincinnati Bridge
10-15
25c
,
4$3
75c
Penn-Jersey Shipbuilding. Corp,~---;'.^vft;ft :- :'-ft;':;"-:ft.^
1st preferred (quar.)ft.
—-'--,4 ;
(liquidating) 14
Pinchim Johnson ii Co., Ltd.—
11-30
,
.1-1-43
ft.:
Inc
$6 preferred (quar.)„
2
11-
50c
■
/
(irregular)
Co.
Parker Pen Co. ,(quar,)_>_—
,
Consolidated Royalties,
1235
-Nov
—
,
Dallas Office & Club Bldg., Inc.,
Dayton Union Ry.,
ref. 7s, series A,
1st &
Light & Power Co,
.1921
ft
ftftfti;: Extra
10-24
25c. ,12-15
(quar.|__u-—-y—J--——
preferred
6ft
Pacific Power & Light,
10-24
$iV4 ft .10-31
Securities Co.,
Overseas
10-15
10-31
v
(s-a)
;Pacific Guano & Fertilizer Co.__„
10-15
,11-1
ft $1V2
——J
—
Concord Electric Co.,. common
1148
11-1
14 c
—
Corp.; Ltd.-r
,
10-15
$4c
12Vac,
■
.
10-15
2 ft
.
Extra
Outboard Marine. & Mfg.
Y\
—
International
Consolidated Lobster
Connecticut
common—'
r—_i—
I t-
;
10-15
11- .2
..
J 20c
————
(quar.)—'-—————-ft-
Company
Colorado
Commonwealth
1
Community Power & Light Co. 1st mtge. 5s, due 1957—Nov
Chesapeake
J37c
|■
Yellow Cab Co,
Collins
1234.
1
-——
———
;■
Ontario & Quebec Ry.
i
(quar.)—-
Champion Paper & Fibre,
6ft preferred (quar.)
10-15
"ft 9-29
•
prefeiwed (quar.)*——f—
30c,
41%c .
$l;)a •
50c
SSVaC1
$iy2 ft
:
10-21
11-2
11-16
1146
11- 2
11-;2
11- 2
11- 2
11- 2
11-
.42c
(quar.i
Public Service, 5% pfd. (monthly)
bVz'/o preferred (quar.)
6 %
preferred (monthly)
—I'M
preferred (monthly)
Okonite Company (quar.)
10-21'
! 11-16
1
.
25c
Ohio
10-22
-
ZTVzC
(initial')
10-31
2
12-
v
.
of Ree.
ft
2
lift
Holders
11- 2
„:
Oil, Ltd.
■
11-
$1V*
ftft
10-22
2% ft,;' ft 11-20 ft
11-16
$l3/4
ft" Occidental Insurance Co.
V10-24
?
; 10-15"
;
,
10-22
,
2
11-
15C
—_
Special shares
::
Ordinary, shares —_-i Jj—w—j-'
common; (quar;)
*
:
,11-1
ii- 1
15c
2nd partic.
Chicago
Central Ohio
—
Common
O'Kalta
10-30
-.11-20
Payable
_
^I'/a convertible preferred (quar.)
2
,1^15
11-, 2
Celotex Corporation,
•
,
(quar.)|——
;
11-
1-2-43
$l'/4
Tnr>
Canadian Investment Fund,. Ltd.—
80c
10-26
16c
depi rets, for 5% ft pfd——— ■;
Cadwell Linen Mills,. $1.50 1st pfd.| (quar.)_
1146
1
debvdue 1944-Dec
conv.
(N. Y.)
10-27
11-16
50c
—
Amer.
series
notes, due 1945—Dec 15
10-year 5%
Bendix Home Appliances,
?
1145
1145
-
__;___-Oct 21
;
1964
a; due
;
11-2
75c
common——
1203
deb. due 1943—--Oct 26
due 1950__-.—-—,—--^Oct 26
American Utilities Service Corp. collateral trust 6s,
(quar.)
:"
ft 11-16
$1-
v
preferred (quar.)
Newberry (J. J.), 5V» preferred A (quar.)
Northern Illinois Corp.—
10-20
75c
&' Wireless"! Holding)" Ltd"—"
Cable
; ft.
l—— :
1145:
25'c h
1%
10-20
10-30
■
40c
;____•'•
•
Fund, Ltd
"Rnfl<2iv*Q
5% bonds,
Metals, Inc. 4 "M
(as extended)
debentures
Inc.
Bronxville Trust Co.
Page
•
—_-'•
10-20
10-28
$1%-;
";
When
share
..
Almaden
New
10-16
10-28
preferred (quar.)—U.-;
5ft
"
,
Date
Alleghany Corp:, 15-year collat. trust conv..
due Feb; 1, 1944
4 '■?
$l1/2
'
; 11-1
Name of Company
Corporation
fty50c
England' Fund;—ctfs. beneficial interest
>
15c
New Process Co., common^-;-_™„^_^_4——^ ;
50cNew
1
(Phila.), $3 preferred
Broadway Department Stores,
Bullock
American Machine &
t$33
.
(quar.)i--'
Company
Boston
which
;
Company and Issue—
.
10-16
(quir.)——(F. E.), $3 preferred (initial);
—
Booth
last date for making tend-
and the page number gives the location in
the details were given
1
:
Co._
Macaroni
&
Blauner's
.
ers,
11-
Per
>
10-20
t$27Va
'
Equipment Corp;
Atlantic
preferred stocks called for redemption, including
those called under sinking fund provisions.
The date
and
indicates the redemption or
2
'
Aro
of Rea,
11-
Apple ton Co., common-—
7ft convertible preferred (quar.)
corporate bonds, notes,
Below will be found a list of
-
Holders
Payable
■,
30c
'
prior preferred:
,6ft
When
share
;
-
preferred.
Anchor Post Fence; $5
Notices
j
—
Monday, October 19, 1942
10-31
10*20
;30c .ft 12- 1
;
(guar.)—
11-14
-
(quar.)
20c
____
Olympic Inc. 1st mtge. prior lien leasehold bonds dated
March 31, 1936
'_
—I
-.Oct 23
-
,
6 ','c
1243
-
___
HolUnger Consolidated Gold Mines4,
ft
Monthly
-ft-—'
Hormet (G. A-.) & Co., common (quar.) :._r; -
2
165
Parkview
1
1332
Realty Co.,
'Phoenix Iron Co.,
1st mtge. bonds, due I960
bonds;
1st mtge. 6ft
—Jan
(A.
dated T926__J"_No-v
C.)—'{■■■■
Sugar
Co.,.
1st
Reymer & Brothers,
St.
ft
Jude
mtge.
due
Inc., preferred
Congregation
mtge. & collat.
Is,
of
Wis.,, ,1st
dated 1936—
bonds,
s.f.
.
1
1334
1
1l'U
Seaboard Air Line Ry.—
•
V
1
Georgia & Alabama Terminal Co.
1948-i-Nov
1st 5s due
Georgia. Florida & Alabama RR. 1st•& ref. 6ft
due 1952
,
Seaboard-All
A
Florida
series
and
1st mtge. 6ft bonds,
1935———.
Ry.
;
Tampa &l Gulf Coast RR.
:
Tampa
Northern RR.
1st 5s due
1st mtge.
5s,
Rivers
series
Warren
Grain
dated
A,
(S. D.)
Elevator
&
1936
Ltd.
Co.
1st
Jan
1157
Co., 1st 4fts, due 1952-1
Announcements in this issue;
5ft s,
1246
Nov
1248
—J
preferred
ft;
tSee Volume 155.
y
grouped in two separate tables.
Extra.
bring together all the dividends announced the
we
Then
follow with
we
a
McNeel Marble,
rec-
Marathon
Corporation
Investment News Department" in the week
•'declared.-
■■■■':■
V
Meadville
■'
Adams-Millis
Alliance
(A.
Canadian
S.)
Share
(increased)
Investment Corp.,
American
Aloe
Corp.
6ft
'
Company
(liquidating)
(quar.)______:.___...__ft
$2.50
S3
preferred
Corp., $2 pfd.
(quar.i
(quar.)
f$4
$1
When
,
Payable
11-
2
(Chicago)
I
(quar.i
ft
12-
common
10-27-
10-22
3iy4c
12-1
11-20
10-15
10-
4$7
11-20
10-31
50c
12-10,
11-27
W.)
,
pfd.l______y
1st
.1
'*
•
•-
8c
(irregular)__
*
10-26
10-26 ft,
,
0-30
10-10
40c
"I2-"l
5c
11- 2
.
lj
ft
.
—1——"
Company
-
11-10,
dends
11-14
i.>:
ft-.v-
'
-
ft
ft-''-"ft-':':' ,::ft
' :
10-14 ;
ft:;ft
v
-
<•' ft:'
] Below we give the dividends announced: in previous
10-20
,
;ft'-ft
divi-^
paid. The list does not include
announced this week, these being
preceding table;
givdn in thd
•
-
10-19
10-24
11-30":
t:> ft 35c >11,-30 ft
'
ft 42 5c
11-" 2 •
1142
10-19
Alabama
ft ^4^2 ft
ft:
10-9
Albers Super Markets,
42-"l ft.:
11-13
Allied
'
11-20
ft
25c
;
t$10
ft'
1049
H-12
Abraham &
;
Straus, .Inc.
Power Co.;
Stores
' '^'
$5 preferred
Inc. pref.
"•
11-
'$1(4
•ft 11-
'$134ft
•.
10-26ft
2ft* :10-16
11-16
10*16
>•
American
,
;
.
-
$iy2
50c
11-15
75c
—-----
•11-
8
1
American
10-31:
-
10-15 ft
.
50c"
Bakeries, common (irregular) ft—
$1 non-cum. prior preferred (quar.)—
$7 preferred (quar.)——————
10-15
•
'25c
11-
(quar.) —ft
ft
'10-23
2
.11-2
$l3/4'
•*'
10-7
.
ft,
10- 1ft
12-31.
12-155
12-31
12-15'
5%>
preferred_.yLft__ ft
,
" 25c
Home
Productyvorp. (monthly)
pref.
(qUar.)y__ :
10-27*
11-2
10-22
41-25:
■
2
11-
2
11-
2
$1%
25c
10-15
10-15v
:12-
11-16
(irregular)ft 15c
10-14*.
-
12-15
10-20
Safety Razor____y___y__Li_ft_____'_
12-12
12-2
American
Seal-Kapft of Dei.
10-16
American
10-15
9-30
Smelting & Refining, comnion____
(quar.)
10-20
10-15
,
,
i
10-22
•
42-4:.
11-
ftft 30c:
37(4c
11-16
11-15
$iy*
ft. ,20c
-,
10-15
11-2
..-.•' $134-..
ft
12-15v
10-31
ft 75c,"
Envelope Co., 7% pfd. A (quar.)i_
-
12-31
,50c
American Light & Traction, common (quar,) :,
-6% preferred (quar.)_______.>__i.__-___;_y___r-
American
10^20
Co.ft/quari)-:'-ftftft'_ftrliy__ft.^^-'r,-"'ftft75cft'
10-26
25c
12-19
(quar.)_ ft ft ft $1%
50c
$l3/4
(quar.)^_a.-____y_
American Paper Goods, 7'M
'
10-23
,
Petroleum1 Corp.
Can
12-29
ft; ft 15c
American Export Lines, 5% j^referredft1 (quar.)
10-19 c
10-29
37y2c
(quar.)
10-
10-15
pfd.
10-16
$ll/a«,
,
5'M. preferred (clears all arrears)
American
—
•
11? 2
____________________
American Distilling Co.,
-
12-15•
(quar.)
preferred (quar.)
Amerada
I ft'. 10-26^
4-2*43 •'
*$3
(quar.)y__
10-24
$1(4,
>
•-ft. Common
7%
"
11-1
25c
25c
12-10
40-14 ft
50c
(quar.)
Corp. ft common_____y_y_______
Aluminum Manufacturers, 7M
:
ft,—-4__,-Jft—ft.
Inc., $1 prior pfd.
4$1,A'
1st pfd.._
(quar.)_U
pfd.
conv.
weeks and not yet
"
& Hart,
(F.
'ft Vvft'-
ft. ft. 1-20;
;ftft 15c
Holder*
O'Day Corporation (irregular)
of Re*.
Montgomery
10-23
(H. A.)
Co.
•
—
10-19"
10-16.
10-
Morris
2
10-
9*
2
Morris
9.14
12-1
11-13
12-
l
11-13
10-
1
9-26
Plan
Bank
-
Nashua
.
75c
ft". 11-16
ft
50c
preferred (quar.)
Lowell RR.
Corp.
_
ft
40c
11-
'
$l»/2
—
$2.y3
ft(extra)—
National Savings & Trust Co. (Wash., D. C.)
•
2
(quar.)______
:
Lead & Smelting Co.—
4ft
10-23
9-30
Anaconda Wire & Cable
(reduced)'
Anglo-Canadian Telephone 5V2 "M pfd. (quar.)
*
11-14
Anglo Iranian Oil (ordinary regis.)
Appalachian Elec. Power 4V'2%
10-20
Arcade Cotton
2
10-24
Argo Oil Corporation
11-
2
•
Mills,
pfd.
11-30
11- 6
10-31
10-
11-2'
11-2
2
40-19
;
10-19
•
ft* $5 convertible prior preferred_-__-________
-10-16
11-
'$1%.'
$iy4
,10-30
-
50c.
.
Corp., common—-50c-
10-24
:
42-1
•
13c
V> r-4
40- 9
preferred
American Zinc,
-
(s-ai_i.——
National Electric Welding Machine
American Viscose
11-2
10-15
(Bridgeport, Conn.)—
(Cleveland). (quar.)-—
7fo .1st preferred
5%
——-
Muskogee Co., 6ft
11-13
12-1
Bank
Quarterly
10-20
50c
Plan
15c
"5C ft
(irregular)—_ftft__ft'
10- 9
11-
60c
Mode
20C
Dry Corp.——-ft-.
Moody's Investors Service, Inc.— J
$3 participating preferance 4quar.)|———
50c
preferred (quar.)——75c
Amer. Motorists Insurance
'
62ftc
____
—
Paper Mills" .(quar.)
Telephone,
-
2-1-43
■
10-30
-
(quar.)
.preferred (s-a)
Mission
$1
American Enka Corp.—
American General
50c
-
pfd. A_
Properties
1st preferred
6 'ft
ft. 1.1ft
(s-a) -ft'
if s-a
12*21-?.
*
Ltd,410c
ftft Yuba Consolidated Gold Fields
10-20
(0uar-)ft—ft
(Phila.)
Telegraph
1-10-43 '
$2%
'
'
are:;
Per
_
Name of Comvanv
Light, $6- pfd.
J
Crampton Corp
Woolworth
10-26
-
6'ft
Miller
The dividends announced this week
,
"
2 ft
Michigan
when
ft
-ft-
Lynchburg & Abingdon
ord of past dividend payments in
many cases are given,
under the company name in our "General
and
'11- 2
$20
(quar.)_i-.ft—"
————_i_—ft ft--""
Lumbermen's Insurance Co;
second table in
Further details and
___
Louisiana Power &
show the dividends previously
announced, but
which have not yet been paid.
.
In the
(quar)
;
10-31
$ 1 34
Co*.——„ft—1
?
$1.25
Breweries,
Winters &
.
10-20
--•25c
—
*
11-25
Wheeling & Lake Erie RR.—
ft
ft
62 Vic
:
11-25
Electrical- Instrument
Weston
,
10-15
40c
62V2c
preferred—]—
preferred———i—
Biscuit
Loose-Wiles
current Week.
which
6 'ft
11-5
11-25
$1
ftLft
10-7
;
;
(s-aj^
1
12-10
5%% preferred (quar)ft-i__ftyyy---y-ftftyfty >'•_"$1%" ,.ft 11-1 ft
ftftft'ft 45^ prior lien; (quar.)ft___yft_.:-y_-__y_r__-'_'i. ^;
SI
11- 1ft
11- 4
;
Long-Bell Lumber Co.— ft
ft ft
i
•: ;
ft
CtfS; of beneficial interest 5^ft pfd.-i——
DIVIDENDS
we
(Phila.)
50c
•
10-24
;
commoni—I—y_lL_
$3.50
Groceterias
Loblaw
first
(qukr.) „ft-l
'
-
87 V2c : '11-20
——ift
Mfrs, .(s-a)___________
&
Western Maryland Ry., 7 rM
ft
ft-12-4
ft $1V4
pfd.'(quar.)-ft
•
10-15.
;
J
-
.
1045 ft;
-
10-15
International Securities, $5
Western
.
$1.34... ft. l2-;,4
ftftftlOcft ft
-ft
10-10
>
1019ft
ft
75c
ft;-
Extra
Lit Brothers,
are
(irregulaf)
junior
(quar.)
Corporation
Lincoln Printing,
Dividends
ft
(quar.)•
Liberty Title & Trust
Lionel
.
& Co.,
preferred
7'ft
—______Nov
—
1045
$2>/2
ft-$lift -ft 4lV2
S.
Vultee^ Aircraft,
10-15
5'<&■ -pfd. (qiuar.) yft-ft"
(quar.) _s.—
i_—i____.
Emil)
Kobacker Stores, Inc.,
•Three
*
Naumburg Corp.
(D.
5'ft
:
10-15
10-31
11-2
:
1 quar.)_:,_;
United Merchants
U.
10.-15
■,
Kings County Trust Co. (If. Y.)
Klein
2 '
12-. 1
11-16
(increased),—
Ltd., $1.50 class A (quar.)
ft Uhitedr N. J.-RR. & Canal
10-23
11-
10-15-
437c
Ltd.
& -Share,
ft;:* :,Extra
40-13
11-, 2
;
pfd.
Vj<:
Kentucky Utilities,ft 7%
1936—Nov
Sisters of St. Joseph, Alberta, 1st 6s, due 1937-1948
&
Jonas
1
9-30
425c
___
25c ft 12-10
Bond
United Corpy
41-16'
$1%
Knitting Mills, common^ ^yyi-ftft. ft
5'/»-■ preferred" (quar.iwy^--^^ft_^4_v------,';
Nov
1953-
matured
.
Irregular
Nov
-
"•■ftSlVa. ft
Jantzen
series
B, matured
(Cleveland)—
United
11-16"
1>
ft $l3/4';.rll- 2
International Harvester,
bonds
__-______Nov
———
'30c'
30c
preferred' (quar.)
Industrial Properties, Inc.
-
10-15
,17%C:ft:
(monthly)-'
—i—i
'
Common (monthly)
preferred (quar.)
V!r preferred (quar.)
Howe Scale, 5% preferred (s-a)__4——ftIdaho Power Co., $6 preferred (quaf.)
ref.
—Nov
,
$6
1244
stock_____________Oct 26
Wauwatosa,
v
I
II-
(Joseph): Co., 6 lk preferred 1(quar.)-ft
House of Westmore;-6<;^ pref erf ed_i—ft-_Iy,
•
10-31
12-
•45c •:
Home
*
::
1947———___Nov 15
•
12-
(quaf.)"_ft._
pfd, (quar;)
Houston Light & Power, common
Potrero
11-16
non-cumulative partic. pfd.
7 (/c
6:%'« non-cumulative 2nd partic.
1333.
I
$lVaft
io-21
It-lff
10-31
11-4
"50c
ft
preferred (quae.)
Horn
Outlet Co., 1st preference stock——___u—uj__—-_Nov
ft' 45c "
;
\t$iy4*
11-
2
10-20-'
25c
10-19
10- 9
468%c
11-2
10-15
(final)__
IVz-fo
10-23
(quar.)
$IJ/»
11-2
I0-.
$1
12-21
,12-15'
15c
11-16
10-16
(quar.)
(s-a)y_______________
9-29
6:
r'ft,
',/,,,:
......
,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number. 4117
156"
Volume
.......
^
Associated
Ltd.'
TelephoneCo.,
(Quarterly)
Share
„
2nd preferred™
Goods, 7%
Dry
Associated
$1.25
Delnite
$31(40
11- 2
12- 1
11- 2
10-30"
10-. 0
Fe Ry.
non-cumulative preferred fs-a) ______
$2.50 prior pref. (quar.)
$2(4
62(4c
,
Atlantic Rayon Corp.-,
•
Proprietary, Ltd. 5 (4%
_—**—7———————
—
(irregular)
Corporation
Ordnance
Auto
—
monthly**—_—_-.——*—***
Avondale
Mills,
Monthly'..
7c
7c
' 25c '
-
.——.,
,
—
Babcock & Wilcox Co.^
<
•
Paper Mills, common..,—■
preferred (quar.)
^
'
LI,.
Badger
6%
Baldwin Rubber Co.
12 (4c
(quar.)—*77
6% ,1st
(quar.) ////$$1(4
pfd.
Beech Aircraft Coriv (initial)**.—__—_*—*-
& Hedges, $2 conv, preferred
Benson
Bensonhurst Nat'l Bank (Bklyn.)
(quar.)
10-27
11-
1
(quar.)*J—„*7—•
__*——.„*
Boston
Edison
Boston
Personal Property Trust
Co. "(quar.)—;
.
i—
(S.
& Co., Inc.—
F.)
'77; 16c
5(4
160c
—
12-15
'
prefex'red (quar.)—-7.***.-—
*
Brooklyn Union Gas Co.*—7_—■_*. 177*77——
6(4
$$1(4
■;
"
'
*.
j:
non-cumulative prefererd
7/6%
Northern
Canada
Power,
(8-a)-l
^
(quar.)—
common
Canadian
Co.,
Bronze
Ltd.
(quar.),
Canadian Converters Co., Ltd.
Canadian
Canadian Investors
Case
Ltd.
Clinchiield
(J. I.)
(irregular)—
class A
Corp. Ltd.
&
Ohio
Ry,
Company, class B
Central
7
*k
York
Power
&
5%
Power
(quar.)_*—— •
(quar.)
com.
pfd.
(quar.)—
Light Co,> (Mass.)—
-
$134
$1.16^4
11^2
H- 2
N.
1—■i—.———w;''44,■ SI
117%, preferred (quar.)_ V'>,$1?4"412de Pasco Copper Corp....*————
$1 „• HStore Real Estate Trust (Mass.) (quar.)
20c
11-
Cerro
Chain
$3.50 to! $7
6(4
.
Concord
(N. Hi) Gas
Cd.^.7^; preferred™—;
7(4
Confederation Life Assurance (Toronto)---;
Quarterly
—
*—1
Connecticut River Power Co.—
' * -6% preferred (quar.)
Consolidated Chemical Industries,-Inc.— "
Class B'
'
.
$1(4
''
•
;
Edison
Consolidated
$5
preferred
(N. Y.)—-
Co.
preferred
,*-$7.50
-
(
Oil Corp.
Royalty Oil Co.
Gardner
$3
:(■
America (year end)**.**
75c
,6.(4.%' pfd. (quar.)
$ls/a
$134
50c
Bessemer Corp.,; common—*
Exchange Bank & Trust Co.. (N. V.)-—-.;:,
y
;i:'_r**L**2**'i.*i***
Quarterly
Corn Products
60c
(reduced)'**
Refining, common
65c
Cresson.Consolidated Gold Mining & Milling
Co.
(quar.)
Wheeler: Electric
Common
(irregular)**
Mfg.—
f
Crown Cork & Seal Co.,
10c
.
—
(irregular Lil***—
Common
,-*_*J*„_:—
,
10c
$50c
Ltd.-(quari)_i__*___
Forster 8%'
Illinois- IZinc
Imperial
-
12-10
11- 2
10-22
preferred (quar.)***—*—.__*_*_—
$1.37(4.
preferred (quar.)
,*_*:—$1(4
.11- 1
11- 1
10-17
10-17
10- 5
10- 5
$3
10-20
10-20
1-2-43
$1
$1(4
*11-20
11- 2
11-4
10-12
Cumberland
County
Power
&
Light—
•
6'/o
Cunningham* Drug Stores, common .(quar.)**
O'.'o preferred (quar.)***
u_
G'in class A prior preference (s-a)_*—***
Manufacturing Co. (Mo.)
(irregular)
Davenport Water Co., 5(4 preferred (quar.)*
Curtis
Dayton Rubber Manufacturing
^_*.—
25c
.
$1(4
\
12-19
'
Cp.—
._
11-16
11-
'<
Indian
$4.50
2
10-
9*
11-
2
10-
5
ll- 2
10-
1.
10-31
10-15-
Moore. Drop
10-30
10-20
Moore
10-26
•'$4 preferred C
Montana
10-10
Morris
10-26
10-
10-31
10-15
11-
10-
Mountain
1
10-15
10-24
10- 3
National Automotive Fibres, 6(4
11-14
11-
2
National
Battery
11-16
10-24
National
Casket Co.,
11-16
10-24>-
10-30
10-20
lc
10-25
(ouar.)—
$2 preferred, class A
—
(quar.)
25c
50c
10-26
10-26
10-10
City Lines, class A
preferred
conv;
11-
2
.
t50c.
10-26
10-20
Elec.
Welding
Food
Products
1-2-43
12-15
77'45%
10-20.
11-
2
10-13
1
11-16
National
Rubber
11-
2
10-21.
National
Tea
15c
6834 c
12-31
10-15*
J$2
11-
2
Neisner
/ 434(4
3(4
9-29
12-7
;6(4
conv.
I-2-43
12-31
New York
10-31
10-10
New
$1(4
Newberry
10-16 •
preferred (quar.).. /
(quar.)
__**—_.
!—-——
Co.
preferred: ($5 par)
7(4
preferred
—
12-15.
12-5
Nineteen Hundred Corp.,
12-15
12-
Norfolk &
12-
10-31
11-
9-30
40c
11-
1
11-
1
11-
1
10-15
11-
1
10-15
834c
(quar.)*
11-
2
10-
11-
2
10-
3
This
River
as
Co.
RR. of
Northwest
11-
1
10-21*
10-16
11-2
10-16
10-16
$1(4
;
11- 2
(quar.)*—
$1
11-19
10-31 '
t60c
10-20
9-30
t55c
10-20
25c
12-10
9-30
11-25
9-30
:
(quar.)****—
-
previously reported in¬
payable Oct. 10, to
being
$12c
10-26
$$1(4
common***
10-26
9-30
$1(4
10-31
10-15
50c
7 (4c
11- 2
12-30
10-15
12-21
—
20c
10-30
10-15
—
51(4
10-30
10-15
—
(quar.)
New Hampshire
Engineering
(quar.)
Co.—
—
N'unn-Bush
Shoe Company,.common
,5(4
11-2
11- 2
/
preferred—
Corporation,
;
10-15
10-20
11-16
Nu-Enamel
87(4c
11- 2
11- 2
of record Sept. 25.
preferred
Northern
was
10-14
50c
50c
——
Ontario Power,
Northern
•6(4
adj. pfd.
Investment, 6%
Insurance
dividend
correctly
'
$1%
$1(4
class A (quar.)*—
preferred
'
20c
7
—_
common*———.—
.7
'■/
1 0-15
11- 1
(quar.)**
(quar.)*-*:—
3
$134
Co., 6(4(4 pfd. A
B
Western Ry.,
holders
Canada, Ltd.(quar.)
(J. J.)
American
5(2 %
North
10-21
UV/2
r
•
30-21
$l!/2
(quar.)_7_—._*__.
Subject to SEC approval.
11- 2
Newport News Shipbuilding & Dry Dock—
$5 convertible preferred (quar.)
(quar.)
($100 par)
$1.1834
————-—
10-23
$$5
7(4
11-20
'
Canada, Ltd.—
(s-a)
10-10 :
50c
of
'12- 1
/ '/:' /■'
~
11-14
Metal Industries Ltd.—
Co.
$1(4
$$1(4
Inc.—
Merchandise
preferred
;
10-15-
30c
2(4%
10-19
11-1
„**—_**
North
10-15
10-31
10-31
10-23
5
11- 2
10-15,/
1334c
1
$1(4
10-16
+2(4c
Air Brake Co.
York
'6(4
11-2
(quar.)—
preferred
preferred
20C
*$334
10-31
-10-31
10-15
20c
25c
preferred
Products- of Western
Neon
•
____***___—***—__*
Co., ,5(4%
Brothers,
10-20
50c
(quar.)
$6 pfd.
Neiman-Marcus Co., 5(4
9-30-
10-15*
10-30
.
$1(4
preferred B (quar.)__
.—
10-17 <
11- 2
2c
Machinery- Co
Mines Ltd.
Negus
11-1
50c
12-21
10-30
10-17
Corp.—
National Power & Light,
12-
National Lead Co., 6(4
10-31
11- 1
(quar.)
common_._____.„_.*_*»__*T_;*_i
2
10-20 ;
11-14
50c
—
preferred class V vtc_—-._-"**—
Class B,
U-
11-10 r
11- 2
25c
7
(quar.)
Corp.
Machine Co,
25c
12-17
10-15 *
12- 1
50c
(resumed)___*
(quar.)*
12-28
11- 2
;
75c
Products
50C
7
.
(quar.
Distillers
10-15
(quar.) 7:
1
(quar.)**
9-30
15c
56(4c
(quar.)*.
pfd,
;—*********
*
common
National
10-15
$1(4
/
*
pfd.
11-
Shares (stock div.)*,*.
prior preferred
9-30 *•
12-11 ;
II-
Accumulated
$3(4
10-20
10-20
12-15
30c
Shares
Nickle
50c
50c
convertible preferred
International
37V4c
62'4c
(quar.)
$1(4
preferred (quar.)—
6(4
11-15'
(quar.)—**
(quarterly)
International
10-15
12-3
—
International Utilities Corp.—
10-10
$3
Co.!
National
2
'
Common
-National
(Toronto)—.
Tel., $5 pfd.
10-15
9-30
.
preferred (quar.)
Narragansett Electric 4(4(4
f
31-
37 '/2C
.
11- 1 /
America—
of
11-
<6%
r
Institutional Group. Securities—
6(4
Louis)
10-15
$l(i
4(4(4 'preferred- (quar.)"****
Group
Co.
(St.
10-24
National
;
9-30
10-20 }
12-31 7
10-15 ■
11- 1
(quar.)*.*
common
2
$134
*
13^ 2"^
11-25
11-10
11-10 1
11-10
10-13 ;
.**■__
Power
(quar.)
15C
*
1
lc
1
25c
Investors
Insurance Group
._*.*_*._*7*.**;:/ $1.06(4
$l'/8
11'
7//, $1
Ltd.—
(interim)
Motocycle Company
Aviation
States
Chemical
Mutual
1
12-
11-16
12- 1
12- 1
12- 1
12- 1
11- 1 •
10-31 1
11- 2
1-2-43
10-31
$134
343/8C
$2.25
$2.25
$2
$1(4
t37c
$1(4
$1(4
25c
___7*___
7 5(47preferred
12-
5
1- 1-4312-20
10-20
10-10
11- 2
10-15
11- 2
10-22
11- 1
10-15
11-15
10-31
*******
Mutual Bank & Trust Co.
6
5
12-
1
Mug. & Development—
75c
Pipe LinecCo;*__—
■
Oil
10-16
Ltd.—
(quar.)
Diablo
.
(quar.)***.
,$1V3
Company/
Associated
,
Co.,
(quar.)*
preferred
Mount
7
;
Co;/(reduced)**.—******..;
&
preferred
•;4(4%
5
(quar.)
class A
25c
.
.7
.•*
$l5/s
*
(s-a)**
(s-a)
&
(Philip)
1
12-
9c
—
$6
4(4%
10-15
2
.
_/
(quar.)****/
$4.50 pfd. A
Dry Goods Co.
R.)
10-16
11-
Water Co.—
Forging Co.,
(Johnl
Morrell
10-15
10-15
Industrial National Bank of Chicago—
^
(W.
11-
10-20
(quar.)
;——
preferred quar.)*****
Montreal Light, Heat & Power Cons, (quar.)
10-31
2
Power
12-
11-" 1
+$1
t$l'/2
37(4c
2(4c
(quar.)*
part,
preferred B (s-a)
10-20
-
10-10
12-15
25c
30c
Louis)
A
:**_
Consolidated
11-
25c
Indiana
•
(St.
class
11-
(quar.)
:*;
Co.
Steei
$134
*
*__—_**_—_**,*
Indiana
Common
Valley Trust
(initial)**—*
preferred (quar.)*——**
Monroe Loan Society 5(4% pfd.
9-30
10-10
2
$lVa
17(4
6
10-16
2
11-
*
6834 c
(quar.)
(quar;) _ii—'
Interchemical Corp.,.common
5V{'r>
('Class B
9 '
2
11-
Louis)
(St.
8(4 .preferred***.
Sons
Pressed
Mo.'ine
10-
11-
******
& Tr.
Quarterly
Mississippi
9-25
11-10
$1 (4
dep., rets, for ord. shs.
Incorporated
10-31
12-23
10-24
,
Quarterly, i.*_1__
/:.
-4 - v
9-30
1-1-30
$2
(extra)
Mississippi Power & Light, $6 1st preferred*.
2
(quar.
Chemicaf Industries,
American
11-15 r" 10-31
10c
RR.
Miller
10-17
75c
vCo;i (monthly)
Imperial. Life ..Assurance
10- 2
*1—
preferred
Port Clinton
10-20 /
2
50c
Imperial Bank- of Canada,-(reduced quar.)**
r* -*11- 2
10-23
11-16
2
11-
f2c
Hussman-Ligonier"; common,(quar.)— **_w_-convertible preferred (quar.)
10-15
10-20
12-20
11-
oi
(quar.)
$ 1 (2
:r. 51,/2(4
",.12-15
v 12-15
10-20
10-20
preferred
$134
Hummel-Ross-Fibre Corp., 6(4, preferred
.
10-15
.11- 2
10-22/
(6%
10-20
California—
10-22
■•Quarterly
*
.-;f
„
11-28
1
$1(4
'
.7
*****
2
11-
.
Ltd. .(quar.)
Inc.
(s-a)*^*/':,
(quar.)*_**._*_
(quar.)**
Mercantile-Commerce Blc.
.10-15
11-
20c
partic. pfd.
Corp,, common
10-16
$1(4
30c
50c
,
common
(quar.)
50C
Gorpi^ common (quar.)
preferred, (quar.) -U-1.
Dew,
Co.,
9-30
10-16
11-30
4334c
$1(4
50c
(quar.)**
(quar.)'
Acceptance Corp.
(I.)
11-2
11- 2
H-12*
$1(4
(quar.)
2
'
(quar.)—
10-20
—******7.'77 t25c
35c
—
11-2
19c
(irregular)__
*
11-
-
(quar.)*
12-22
10-15
(quar.)x—*****_**__*7*'
preferred
25c
^*1'°
1-2-43
$1.31'/4
—
Trust
Distillers, 6(4
$l»/v
Sugar
Horder's
Stores
$1(4
Development. ((juar.)
Honey
preferred
$1
Co.'' 6(4 "preferred
Homestake; Mining
10-15
(quar.)_*-__*
&
Culver
7(4
(quar.)
preferred
preferred
2 (4c
common
25c
$134
Investors
Monsanto Chemical Co.,
'.^uar.rJL'l——
9-15
:
.
,
■5%
7(4c
preferred - (quar.) *«———
Hibbard"Spencer. Bartlett & Co. (monthly).
Holly
preferred
Mercantile
11-10
11-20
10-17
9-30
quar.)___*_
11-
11-25
1
2
10-24
(quar.)
10-15
11-25
11-20
1
12-
25c
class B
Co.
10-15
7
12-
11-
10-27
(quar.)
(Kentucky)—
(Del.)
1
10-
11-24
11-24
$2
(quar.)***
1
•
12-10
12-10
25c
******
11-
•
convertible
'
Elec.
preferred
5(4
10-14
$1(4
(quar.)
2nd preferred
Co.—
Melville:Shoe
•
2
11-
50c
7
11-
25c
Corp:' of America 6(4(4 .pfd. (quar.)
Hayes Industries,' Inc., (irregular)—^_*
11-20 '. 11- 5
>
10-15
9
12-15
/i,'$1.10
*
)_*_***__*
(reduced
Co., $3
Melchers
1
11-
$l('e
*****
:
1
County Gas & Electric—
1st
'6%
11-
?•
Hat
( Holly
8(4
Gas &
6c
(quar.)
preferred
Powder
(quar.)
McLellan
5
10-28
12-
1-2-43
Portland Cement Co.-^
10-24
10-
1
Co.^-
10-19
10-20
10-20
11-
50c
McGlatchy Newspapers, 7%.preferred (quar.)
10-20
2
$1.62(4
75c
—
Co.,- 7(4
Hershey Chocolate;
RR.
.McCalLGorporation
10-30
11-20 1
11-
;
25c
6(4- non-cumulative; prefetred
(quar.)
Harbison-Walker; Refractories Go.-—
Hercules
(quar)
guaranteed
_Mnnmnnth
Co;;(quar.)—
"Greenfield Gas.Light—',;-.,'•--
10-16
1-2-43
1-2-43
■
6%
7
1
Wayne)—
(qbar.)
preferred
5(4(4
$l'/s
(Boston!—•
Light,
(Ft.
participating preferred
Participating
,
12-14
12-
30c
Co.
15c
(H. L )
Electric
Ins.
common
Miami
Maytag
30c
Hosiery'Co.; 7(4. preferred
(A.)
Co.
Massachusetts
11-24
1-2-43
'■>
$1(4
(quar.)„*7„__*_-*„*__*___
Original, capital
;
2
50c
15c
Grand ,Valley Brewing——
preferred
$1
i.
10-24
Belt Mining Co., Ltd.-(interim)——*
6(4
10-14 '
37(4c
(quar.)**
30c
(quar.)
•
Safety Razor-, $5 pfd. (quar.)***—_*
Hartford
10-15*
11-
•
5
20c
Gimbel Brothers; Inc., $6 preferred (quar.)-—
Harris
10-15
10-26
2
General Tire'fe -Rubber Gor_'!Y—'
Green
11- 2
75c
bVo
12-23
7c
—*
Gillette
Gold
75c
(quar.)*
Co., com.
(quar.)
preferred
Luzerne
50C
Mills,f Inc,'•'■(quars):;vi^i
General'Motors Corp.,($5 preferred
Gotham
12-24 /
60c
Company^
General Shoe Corp.
Belt
Longhorn
10-15
A
;/■'
20c
—
12-2
10-15
11-
(s-a)_
10-15
12-11
t50c
12-31
10-26
(irregular)
2
10-26
11-2
<quar.)___***
common
12- 5
11-
$3
prefererd
15c
,
12-15
$1.75
<■.*;:
*7*__**__-.
Special
t
10-15 /
11- 5
,
Company.
Life
*
-6(4(4
;
>
(quar.)35c
& Co.
25c
interest*!—
'Benef.
Natl.
Extra
Little
12-24
10-26
(aecum.)***
50C
5(4' preferred A. (s-a)_-_—_
Industries
preference
preferred
Lincoln
Link
10-16
$134
McCrory Stores Corp.,5 5% pfd.
McGraw Electric Co. (quar J
preferred (quar.)——
B
4(4%
7
11-
11-16
Tire,*„_*.___*__„**-_*_..*.„__
Electric
1
1-1-43
/
Stores Corp,
6(4(4
10-19
(quar.)*-
common
<Ss
preferred
Lerner
11-20
preferred i(quar.)r>*—
9-25
11-14
.
10- 9
10c
(qitRr.)
7 ■;v 7-7:
R.)
Lunkenheimer
12-1
General
•
Crum &
Co.,
4(4
Leland
10-15
10-26
_*^—-
General Investors-Trust
12- 111-16
'•
•
•
*'
^
.
pre/erred
6%
-;3 $4.50
:>
lc
—***—******
Crocker
■
.,
5c
"10-10
25c
preferred
Lehigh Portland Cement
10-15
50c
—_*
(quar.)"
Denver
&
Common
10-
(quar.)
General Electric Co.
10-15
10-25
12(4c
10- 3
11- 2
1
(quar.)***.
7%
Rubber
Lee
1
17'/2C
(quar,)—-*-__^_^*____*__*
Baking,
10-
12-31
40c ■ 11-30
0
::
L*i~i*_i_»^_*I^*i;_—
convertible
General
10- 1
11- 2
>
*****
Horwjs Hardarb Cq. ^N. -Y.)^ (quar.)i.*
(quar.)*******
participating preferred (quar.)—
7%
(quar.)
Machine.^.
preferred
.Class A
■
-
(quar.—
Continental Telephone Co.,
Cooper
,
•'<
$1%
Consolidated
Container Corp. ,of
•
11-4
—.—
Valley Gas 6(4
Louisville
11-14
-
(quar.)*
Liquid Carbonic Corp., 4(4% pfd. A (quar.)*
30-20
class A (quar,)****
Co.,
2
pfd.
—
(F.
Lebanon
10- 9\v:
10-20
10-.6
10-6
10-20
10-24
10-17
11-20
10-15"
'10-15 '
12-15 i
$1
(quar.(i**_**__*7
Fuller Brush Co., class AA
;
$4
$1(4 -11- 2
(quar.)
Consolidated
Corn
' '
(quar>)__*__*_—
Consolidated-Laundries-Corp.—
f
'
10-28
+2e
(interim)****
6(4
Ltd.—
convertible
Lazarus
20c
(quar.)..^***
14**^,^-*;
(quar.)
11-
Ltd.
Lawyers Title Insurance Co. (Richmond, Va.)
6%
preferred <s-ai
25c
Co.****:
(St. Louis)
(quar.)
preferred
7%
'
10-20
Brewing
Extra1
.10- 2.
ljl*.% 4.10-14
11-16 ^ 10-31.
11- 2
$1% -;
preferred (quar.)—*_r_™——.
7%
,
$1%
Pitt
$1.20
-
37(40-/; 11- 2
:t5c
$1(4
/
10-3 0
$l(a
7%
11- 2
10-31
10-26
10-26
$1(4
20c
25c
$1.1834
(quar.)
Co. (irregular)^..-b-^-u*
Distilling common (initial)
Froedtert Grain & Malting Co., com. (quar.)
•
V '$1.50 cum. partic. pfd. class A (quar.),
Consolidated Cigar Corp., 6(4''6 pfd. (quar.)
10-30
10-20
Mining Co. (reduced s-a)
Works Co.,
Louisville Gas & Electric
Franklin Co.
12-31;;;. 12-24
V
r
"
.12- 1 % 11-16
(
'*
-
$$1(4
10-19
10-10
$134
10-16
(Newark, N. J.) (s-a)
convertible preferred
Fort
-
*
11-1
$1(4
Langiey's,
'
»
(quar.)J.s.^.***w_*wcommon
Rubber
&
Bros.' Gear
60c
.
,
Tire
preferred
Foote
.
t50c.
■
10-20
20c
Gold Mines,
Lord & Taylor,
Fitzsimmons Stores—
10- 9
11- 2
i $1.06(4
$ 1 (4c
■
(quar.)*-*
First National Bank
5-15
...
10- 5
10-17
,
1
10- 6
10- 6
common
Water
Lane Bryant,
-
t$4
1
Nat'l Bank of Jersey City
First
General
6-1-43
(quar.)*—.__*_.—
Commonwealth Investinenji Co^v(quar..V—- 4e.
.
35c
i
(quar.)__*_*___**_-_
Co.
Firemen's Insurance Co.
11- 2
$1-63
35c
&
Inc.
Common
GeneralHPeods-CbrpbraMeH—■
11- 2
12-1
,
preferred
Commonwealth Edison,Co.
Stores-Co.—
& Sons,
preferred
Firestone
(quar.)—**
common
(Wm.)
434%
12(ic;
11-15.
10-20,
$4.25 preferred (quar.$1.06(4
: ,12-31
12- 8
Columbia Gas & Electric Corp.— vV':';', \
\>:
41
.preferred (quar.);
—1———- .('-1 $1(4
11-15
10-20
5(4 convertible preferred (quar.K——
$1(4
11-15
10-20 ;
,6Ve preferred A (quar.)^*——$1V2
.11-15 ; 10-20
Columbus & Southern. Ohio Electric Co^.—
,
• \
Colgate-Palmolive-Peet
(Marshall)
Filene's
"j
10-31
'
,
11-
10-30
Laclede-Christy Clay Products Co,—
67c
preferred (quar.)
1-2-43
12-11
4-1-43 3-12-43
11- 2
10-17;
10-31
10-10
10-31
10-21 (
10-28
9-30 t
$2(4
$2(4
$$2
preferred_;__'i.^-_
preferred
prior
Field
'
$25c
.
>
Curme Shoe
&
General Finance,
$3c
$25c
■-
.
10-26
11-,2
10-28
Kroger Grocery & Baking—
7%
second preferred
(quar.)
i
(Syracuse,
—;
Fibreboard Products Inc.-r-;
10-19 "
.10-15
'
10- 7
...H- 2
10-20
25c
.
convertible"preferred (quar.)
- Petroleums;
"Ltd.-' (irregular)
Flovsheim Shoe
$114
preferred .(quar.)*———;**———
(N. Y.) (quar.)—— .
Cleveland, Cincinnati* Chicago & St» Louis
.
?Ry. Co. $5 preferred (quar.).:
Coast Breweries Ltd. {quar.)**————'j
Cqckshutt Plow Co., Ltd. common (s-a)
i:
Common
(s-a)
**___—„——-1—_*___—;
City Title-Insurance Co.
(quar.)
-4(4(4
,
$1V2
15c
V 6%
Y.)
Feltman
10-21
1
^ *,
Chicago Wilmington & Franklin Coal Co.—
Group " Associates"(quar.)*,
Federated
If- 11-20
2
10-16.1
Century Ribbon Mills,
11-10
15c
Lamson &- Sessions, common*******..^******,
Landis Machine Co.—
Kokomo
10-20
12-17
11- 2
11- 2
10-31
12- 1
11-2
10-31
12-18
„
10-15
2
Accumulated
\
'v
6(4(4 preferred (sccum.)
Federated Department Stores, com,- (quar.)*
.10-15
•-
—
$1(4
$1(4
•■•Quarterly :-^_-_J_**i——r-*_*-_*^._*-*^_*_
10-15
$l'/2
_■
6preferred
9-30
9-30
1
10c
common
Kirkland Lake Gold
;
10-24
10-31
11^.1^
11- 1
25c
.
Federal Grain Ltd.
! '
10-15
11-2
*'
(quar.)
____1.**—***•—*„*
(quar.)*********
.,.-,$1(4
(increased)—$1
Fairchild Aircraft,-Ltd (initial)**_**L^_—:
$25c
Fansteel Metallurgical, $5 preferred (quar.)* "
$1(4
10-15
1
preferred
'..Ap.ftnniulflted
.
,
$1(4
$$1 Va
*17c
$U4'
(quar.)—
$1(4
(quar.)*.**
Farmers & Traders Life Insurance
v
15c 4 11- 1
15c
12-27
3;
Eureka'Pipe--Lihe Co.
■
8
4-4V:4.:44.4.4-:-'
Corp
(quar.)
;'
-
$5 preferred A
Erie RR..
9-19,
9-30
10- 9
10- 9 ;
9-30*
10-15
9-30
10-19
11- 6
11- 2
10-20
10-10
10-31
9-30
11- 2*4 9-30
11- 2
10- 9
$25c
Central Hudson Gas & Electric,
Central New
(quar.)
(quar.)
(quar.)
Oil Co.'s, Ltd.
Carolina
(quar.)..__—_
Investment
Foreign
Canadian Industries,
Canadian
—*—
•
;
Willi'amsport RR. Co.
Employers
10-17
11-1
-
_'
$1.14
tl5c
10-26
1$l'/a
It- 2
t37!/2C
11- 2
" $$l4/4'
11- 2
t50c
10-31
$$1.30
11- 1
$$1(4 >10-31
•
tlOc
11-2
(quar.)
common
preferred
5'/#
t$3
-
quar.)
Canadian Bank of Commerce (reduced
^
74* 30c
9 '*
"
******
(s-a)_***__*
,
»
•**_
1***.
Nut
$6 preferred
11-20
$$13«
11- 2
75c
11-1(1
$1(4 ,11-16
pfd. (quar.)
(quar.)
common
(quar.)
preferred
Elmira &
.
"
$10c
Employers Casualty Go. (Dallas, Tex.) (quar.)
,
-
Co.
I.), de Nemours & Co.,—
Stop
11-2
10-30
10-30
'
25c
11- 2
10- 5
Brown Fence & Wire, Class A
—:__„*.**—,
$1
3-5-43 2-23-43 /
Bullock's, Inc. (Los Angeles), $5 pfd. (quar.)
$1(4
11- 1
10-12
Bush Terminal Co. 6(4 preferred—t$3
10-26
10-16
Byers (A. M.) Co. 7% preferred, represent- - - /
'
J •
ing the quarterly dividend of $1.75 due
'
May 1, 1941, and interest thereon.——*
$1.8813 * 11- 2
10-15
Calgary Power Co., Ltd., 6% pfd. iquar.)—.*/
$$1(4
11- 2
10-15
California Electric Power, $3 pfd. (quar.)—.
"
75c
11- 2
10-15*
California'Packing Corp., common (quar.)—
3714c/,11-16
10-31;
5% preferred (quar.).
—_*—,—.'_*/
62 (4c
11-16
10-31
Camden Fire'insurance''. Assoc. Ts-a'i*——±:
—50c- -T 1—^2— 10-15Canada Iron Foundries—
12-
9-30
15c
Furnace********-.****
11- 2
$30c
$10c
Electric Bond & Share Corp., $5 pfd.
'
■
11- 2
;»
&
10-15
10-15
11- 5
10-13
11- 2
1
1
1111-
$$2
•
(quar.)*****-
*_2**__*
Pont: (E.
Elastic
lO^lS
10-24
Stove
<s-a)__**__
10-15
10-15
9-30
3 0-23
10-23
10-15
■
35c
50c
'
Ltd._____***___*_***L_*_*
preferred
$4.50
9-30
11- .1
25c '
1.
(quar.)
com.
(reduced quar.)
&: Linoleum
Stores,
Common.
.
du
11-16 "7 U- 2
6834c
(interim)
Columbia Telephone—
British
%
10-2C
Oilcloth
$40c
■
_*-_*_____*l____'_*
(quar.)
i Common ;*_**
■
10-15
10-15
10-10
;
Kennedy's.
Royalty Co., Inc.
Department St.ores________*_*___
Kerr-Addison
Finance "Corporation,
Dravo Corporation—•;,,
■' 7
.''preferred--, (ih,eguIar)l.-------J_L__- '
Brazilian Traction Light & Power Co., Ltd.—
Ordinary
'
10-
11- 2
Chemical
Dow
'
-50c -1st
'{
10-31
10-31
11- 2
10-10
10-20
10-26
10-20
Dominion Tar & Chemical, 5(2(4
10-20
(Mass.)—
.•.(: Quarterly'7———i—i-———*——
Bourjois; Inc., $2.75 preferred <quar.)7i__—
Bowser
$1
62 (4c
'' 50c
10-20
$2.40
(irregular)*****
Extra-;__^----*_*i._^__*___-__*-_
—
(quar.)***;—
$1
Kellogg Switchboard & Supply,
5(4 preferred (quar.)
Kalamazoo
Kaufmann
$1(4
Dominion
preferred (quar.) *
_—**—__.r*>:■-7
$134/ 11- 1 '10-20
Electric Company, common, (quar.)_
25e
11-2
10-15
preferred (quar.).—./A; $134"
11- 2/" 10-15 '
Bloomingdale Brothers
**„—7_——•
20c
10-24
10-14
Blue Ribbon Corp. Ltd., ,5%' pfd. (quar.)„„_7
$62(4cA 11-1
10-20,.,
Bohn Aluminum & Brass*-—*******—.—li* T/:// 50c
12-18
12-3
Co., class A
30c
$1.06(4
l(4c
10^10
13/10c
Dominion
$7
B
preferred (quar.)
*
Johnson Ranch
10-20
payable in U. S. funds**
Domestic
; 7%
Class
30c
6c
(irregular)_*.__^****i.*_'_*_Mines; Ltd.*2—j,*'_**-£_2_*2_i_->_*i.*_
(quar.)
Dominion Bank of Canada
Birtman
Bon.Ami
10-20
(quar.)
$134
Shares
I*.:$2 preferred
-
10-16
77*
11- 5
12-23
;
t87(4c
Light & Power Co., 6%
11-16
12-23
_*
10-9
t75c
'181(40
$134
TJ_
pfd. C
preferred B
Jewell Tea Co., Inc., 4(4(4
•
,
of Rec.
10-31
10-20
10-20
Holdert
Stores—,
iquar.)*******^—*'
A
Iron Fireman Mfg. Co. vtc. common
Jarvis (W. B.) Co.
(resumed)7
12-19
.
Payable
preferred
7(4
Corp.-Seagrams, Ltd.
pfd.
Dome
12-31; -12-31
12(4c
(quar.)
5%
Dividend
10-17
11- 2 f
50c
-
1-5-43
:
50c
,
non-cumulative convertible-preferred**
Distillers
11- 2 7 .10-15 7
$1
•
(quar.)$1
Inc."common
Stores
Shoe
Berland
-
125c
■
Brothers Ltd.
Beatty
$25c
(extra)
A
Class
$2
:'4-''v-
:
Discount Corp. of New York
11- 2
10-10
12-31 7- 12-15
12-31
12-15 ;
10-20
10- 5
/ 12- 1
11- 6
12- 1
11- 6
20c
60c
" $l
25c
■
(s-a;)_™,_,„».„^
Barber (W. H.) Company——_*„,*:*
Bathurst Power & Paper class A (quar.)
convertible preferred
10-15
10-10
When
share
-■
"
10-15 /
10-21
10-21
10-26
Electric
6%%
-
Company
Department
preferred
Iowa
11-20
12-23
11-16
(s-a)
*******
$1
I'
10-15
7
l'/o
7
25c
preferred**,*
conv.
6(-4--class'.A •(annual)****
10-15
11-14
50c
10-26
'75c',' 11- 2
Bangor Hydro Electric Co. (reduced(„7*——
Bank of Amer. Natl. Tr. & Savs., com. (quar.).
$2
11- 1
12- 1
10-31
11-
.
!
--iV
/,///H/'-/;/'
$$1.37(44 11- 2 '10-15';;/;//.7$l / 10-24
10-14
pfd
10- 3
11-30
Interstate
12- 2
12-23
t$2 .12-15
*
preferred (quar.)
preferred -i tquar.)-*^*
Dickey iW. S.) Clay Mfg.—
Powder
& Wiborg
(Quarterly)
-
•
,
•
10-19
75c
$13A
(quar.)
common
(quar.j**-
5(4
■i
$1
.
Per
Name of
-of Rec.
-$3c •
*
Detroit-Michigan Stove Co.—
,
preferred convertible A (quar.)**:
' "3", $l.v- 11- 2 7/ 10- 5
Co., $5 conv. pfd, ,<quar,)— 7. / $1(4':/ 11- 2
10-20
4%
Atlas
V.)
(N.
preferred
Payable
thare
*,
.
Detroit Hillsdale & South Western RR.
11-10
10-23
11- 1 '-10-24
Co.—
Atlantic Refining
'
f
(irregular)______
Derby .Oil & Refining, ;$4
Detroit Gasket1 & Mfg.
Line RR.~~
Atlantic Coast
Ault
1%
'
Ltd.*;^**__.i
Mures,
Dentist's Supply
10-15
$2(4
$1(4
Co. (inc.)
Atlantic City Electric $6 preferred (quar.) —
5(4.
11-6
11-25
<fe Company
Deere
-
—_—*
Topeka'& Santa
Atchison
Name of Company.
of Rec.
Holdert
When
Per
floldest
,.
Payable
t$7
pfd.
.
When
Per.
.
Name of Company
1379
preferred
(quar.).
—•-
,
•
•
p*tf
f'^*i*^ix>nf^{j,v,|M^'v »'-J c1
l
_,
THE COMMERCIAL 8c FINANCIAL CHRONICLE
1380
The Capital
Monday, October 19, 1942"
Flotations In the United States During the Month of September
and loi the Nine Months of the Calendar Yeai 1942
Total corporate
1942
Of the total of
emissions for the month of September;
aggregated $58,882,086, the smallest in amount re¬
V
1939, when $16,312,232 was reported. The
since January,
so
remain
utility companies and
railroads
some
The prospects
are
securities which will be sold through the
sue
competitive
ties already
outstanding.
made up of
These for the most part were
Per
./■
Name of Company
v
When
Payable
United Filters Inc.,
Outlet
class A
Company,
Oliver
.
G7«
2nd preferred <quar,)I/.__.„—
Finance of California, 5 % pid. (qudr.)
■'
Preferred C
;
Pacific
Lighting Corp.
Pacific
Portland
10-15
11- 2
10-15
I6V4C /
11- 2
Service
Public
Pacific
10-15
11-16
10-29
11- 2
10-
10-31
1-14-43
2-43
1
is
2-5-43
different
monthly
figures will undoubtedly be
12-15
11-
1
2
12-
on
1409)
page
When
Holders
share
Payable
of Rec.
participating conv, pfd. A (quar.)—..
6.4% participating conv. pfd. A
(quar.)—«
6.4% participating conv. pfd. A (quar.)—-!
r
.12-
10-23
10-16
12-24
12-15
//'
(quar.)
$1.40 class A
Penmans, Ltd.,
V
___.
35c
2-15-43
J75c
11-16
W/a
11- 2
(quar.)—
(quar.
common
_—
g% preferred ' (quar.)
Pennsylvania Electric Cp., 5.10% pfd. (quar.)
—
6%
(s-a)/_/-/_>_/
(quar.).,J.™
preferred
'
■
.,
preferred
4.4%
12-15
10-30
_
_
1
Sullivan
10-
1
11-
$1.10
.i. a._
10-
2
Consolidated
Sun Oil
10- 9
Co.
4Va%
Ltd.
preferred A
10-15
11-„2
10-10
11-
$1V»
(quar.)—,.—
-
2
75c
62Vac
9
^2'/4C
11-1
6%
10-15
1-43
1-15-43
V4C 2-
__
37Vap
1
10-15
12-
10-17
10-21
10-2
10-20
7
10c
$l!/a
—
Super Mold Corporation
9-30
5c
—
5%
■
1
10-15
25c
10-
10-20
■
11-
$1V4
,
7%
preferred (quar.)——
Powell Rouyn Gold Mines (reduced)
Pressed Steel Car Co., common
■
-.&%■
5%
12-15
Manufacturing Co.—
Thatcher
$3.60
10-10
10-10
J 2c
25c
10-21
9-30
Trinity Universal Insurance Co.
6 J/4 C
10-21
9-30
10-21
9-30
..v.-
Building Ass'n Ltd, (quar.»
Traders;
.'
$4.50
Products
preferred
11-14
10-15
11-
1
10-20
$1.12
11-
1;
10-20
11-30
11-
'W
7c
W$25c■
—
———_——_
(irregular 1
20c
(quar.)
10-20
10-31
10-20
10-31
10-20
11-12
10-15
t50c
::
1-15-43,
10-10
11-16
10-15 ?
15c
11-
,1
11-
1
10-20
—r
Light & Railways Co.
12-1
11-16
25c
11- 2
11-
1
1
(quar.)
$1V»
:/
•
\%\
Co.
50 c'
6%
10-10
11-V1
t50c
10-20
11-1
10-20
:r;:t25c:-T-2-43
(quarterly)4^ •.X
Hosiery
11-2
;
12-15
t$l4a
(quar.)
11- 2
$1 Va
Extra-
Wisconsin
12-21
^
10-16
11- 2
,
10-15
11- 2
10-15
10-31
$1
10-15
Electric Power Co.—
preferred
(1897)
(quar.)
$1 Va
Wood, Alexander & James,; Ltd.-—
*17c, 1st preferred (accum.)
'
'
//•
50c.
t
11-
2
1
11-16
12-15
.
50c
53c
,
Wood Newspaper; Machinery, prior
pfd
10-15
12-
1-2-43
50c
11-
2
10-15
53c
12- 1
Wrigley (Wm.) Jr. & Co.,
•Common
(monthlyi;:
*$1*4.
11-16
12-15
53c
1-2-43
58Vac
11- 2
12-
11-16
1
58Vbc
1-2-43
12-15
68%C
11- 2
Co.,
10-19
Quarterly
11-16
11-2
10-20
23e
12-
1
11-20
10c
11-30
11-20
+20c
10-31
10-15
737 Va
common
10-31
10-15
12-13
12- I
;
-
Zion's Co-operative Mercantile
•
10-15
12-1
25c
50c
(Rudolph)
■Zeller's: Ltd. 'Common (quar.)
/ 6% preferred (quar.)
10-15
58VaC
\Vurlitzer
,
'11- 2
t$l34
t:
.
(monthly)
common
Institution--
'
;
(quar.)——(quar.)—/?—
25c
for this
10-15*
'10-20
-50c
•Transfer books not closed
12-19
tOn account of accumulated
10-10
11-2
30c
v
Plywood Corp;/^7—
.
iPayable
in Canadian
dividend. /
dividends.
funds,
tax
•
'
•
/
'
deductible
;
at
%
the
source,
No*-
10-20
11-
Winsted
10-19
:
114:2, " 10-15
;
(quar.)_„„l,i_^l,„-_.
/'■■ /
10-19
11-16
pfd;'(quar,)
Wilson & Co., Inc. $6 preferied_-/_^_.„..,
,
11-16
10-20
13 %C
11-14
10-15
1
ll-:i
1-2-43
:
preferred
S. Industrial Alcohol Co.
10-22
11-1
convertible
5V2 %
17'^c V 12-
Chlorine Products-—
preferred
11-14
■
prior preferred
U. S.
:
11-14
4334C.
$IVa
$134
(quar.)/^«4.;
White Sewing Machine
Corp.—
$2 prior preferred
10-20
(quar.)-
prior preferred
U.
1-2-43
12 Vac
V
$40c
(quar.)
10-31
II-10
U. S. Hoffmann Machinery—
10-21
11- 2
125c
———.
12 Vac
Republic Drill & Tool, common
7 Class; A
10-20
75c
$1 60 non-cumulative preferred
(quar.)
Reliance Manufacturing Co., common——.;
—
55c convertible preferred (quar.)
5
12-10
1
10-31
25C
»
(quar.)
Reed (C. A.) Co., $2 pfd. A (quar.)
Regent Knitting Mills, Ltd,——
.
9-30
11-
25c
11-16
25c
437c
•.
12- 1
$2Va V -T2r 1' ■'
.
6% pfd.
(George) Ltd., 5%
10-19
10-31
class A (quar.)
6%
10-20
1
12-21
$2!/a
^
(quar.)
common
United
9-30
10-20
11-
25c
preferred
9-30
50c
/;
—
11- 2
11-16
(quar.)_—7.
10-15
$lVt
$4 conv. preferred■%/_
t40c
(Del.)— / :!
(monthly)
(monthly)-——
6% prior preferred (monthly)—...
6.36%
prior, preferred (monthly)—^—
6.36% prior preferred (monthly)—
—_
6.36 % prior preferred (monthly
7% prior preferred (monthly)
——
T/c prior preferred (monthly)——-—,T/c prior preferred (monthly)
10-26
10-20
7c
VW.
——
25c
$3
United Drill & Tool,
Electric
filsil, Ltd,
tVA:
$l'/4
.
California
of
Ltd. class A
United. Corp.,
2
10-20
10-10
preferred-
(quar.)
"6%
Rath Packing Company. 5% preferred (s-a)_
Raymond Concrete Pile Co. (quar.)
Reading Company,
Co.
10-24
(quar.)
'
pfd. (quar.)
10-15
11-25
7c
,—,
80c preferred (quar.) —
Randall Co., class A (quar.)
v
11-
2
Oil
Union
//'/.\
(irregular) __—_
Lamp Works Inc., 80c
$5 preferred
50c
$i.Vi
(quar.) —_—
(irregular)
preferred
Railroad Employees Corp.—
Class B
Union Electric of Missouri, $4.50
...
i
Quarterly Income Shares, Inc.
Quebec Power Co. (quar.)
A
Tung-Sol
3
15c
(quar.)
Quaker Oats Co., 6%
Class
10-15
12-
10-24
11- 2
Corp.-/ //;
5% preferred '(quar.)^„4_„^Ww-4^/^;
$4.50
•
10c
10-29
H-10
11-10
1
,
Westvaco
10-
i-2
preferred
Weston
10-10
/11-1
;./■/
11-10
11-1
;
*L
12-15
common
11-14;
5c
2 Vic
CorD
?5c
—
purolator
■<
10-21
10-14
-/ttnr
$1V'4
preferred (quar.)
Western Tablet &
Stationery'
10-12
25c
/
10,-10
37 Vac
preferred (quar.)
10-20
(Dallas)-^-.
Extra
$l'/4
Proprietary Mines, Ltd. t interim)
Prosperity Co., 5% preferred (quar.)^.^—//
public Service Corp. of New Jersey—
6% preferred (monthly)———_
10-30
: 10-19
—
Triumph Explosives Inc. common. ..'(quar,
___
;——
.
15c
4$1
(quar.)
62 Vac
(quar.)
2nd preferred (quar,).
1st preferred
^Tiih^.A
■
(N. Y.)
5%
7%
10-31
(reduced quar.)—.
10-24
'■ ^
—
$5 preferred (quar.)
Common
West Penn
10-22
:
preferred
,7%^preferred (quar.)
$l /i conv.
5*
11-14
42c
37VaC 8- 2 •43 7-17-43
5% preferred (s-a)„_«.w_:
West Michigan Steel Foundry—
6
11-23
90c
—
Trade Bank & Trust Co.
10-17
2
11-
4-17-43
10-29
■:
•
(quar.)
preferred
Toburn Gold Mines Ltd.
11-2.
$1%
——
_—.
;
•
;
$1 Va
■
9-30
12-15
$1%
__
.•
10-20
15c
•:
1 •43
Washington Railway & Electric—
'
■
1-16-43
37VaC 5-
preferred (quar.)
10-17
1 •43
11-2
■
9-17
2.
12-1
11 •2
10 •20
12-21
I-2-43
$1V4
.
10-
10-20
//■50c':;
(quar.)—-—
Sycamore-Hammond Realty—
^
SVs %' preferred »auar.)—
—
Symington-Gould Corp. (irregular)
Tacony-Palmyra Bridge Co., 5 % pfd. (quar.)
12-29
12-21
•
37VaC 2-
Ward
10-20
12-
37 Vac
—1...
'
12 •10
10-14
,
t75c
.
preferred
Sunray Oil Corp., common
Stock dividend;
5
10^
10-31
30c
k/U
10-20
.
10-20
50c
,).
Pittsburgh Screw
Plymouth Cordage Co., common (quar.)
Employees stock
Pollack Paper & Box Co., 7% pfd. (quar.)
Potomac Edison, 6% preferred (quar.)
__;
10-
Ur 2
'
(quar.)—_
2
t$31/a
,
1-1 ■43
$la4
—
7-2-43
1-1 •43
(quar.
$13,4
$3
10-20
11- 2
20c
,Sun.Ray Drug Co.,'common.—
4-2-43
11- 2
Baking Co. 7% preferred—.
tSOC
Brofchef»/Fictures Inc.- -$3:85-pff^."::.T/—796(40
%4C
Washington Gas Light $4.50 pfd.' (quar.)"3
$IVii
10-24
11-16
4-15-43
$1
Vulcan Detinning Co., 7%
preferred (quar.).
Walker Manufacturing Co. of Wisconsin—
10-7
10-31
$3c,
(interim)
2
15c
(reduced).
Mines,
11-
*75c
■
Stouffer
6%
12-17
10-7
'
(quar.
Class A
1
12-31 ;s
31- 2
$1V4
2-25-43
$1 lA 7-15-43'
5% prior pfd. (quar.)
Vapor Car Heating Co., 7% pref, (quar.)..—
Virginian Railway, 6% preferred (quar,)
6% preferred -• (quar.)
6% preferred (quar,).—
12-. 5
11-16
475c
(quar.)——
common
preferred ;(quaf.
Corp., class B
7 '7c
11-
11- 2.
30c
Phillips-Jones Corp. 7% preferred
;
Phillips Pump & Tank, class A.—;;——:i_—
Piedmont & Northern Ry,. Co.
.' Pierce/Governor Co.
10-21
of Canada
Co.
11-
$lJ/a
•
,
—
Steel
1
12-
10c
Philadelphia Electric, common
5
10-26
$1.27 Va
Philadelphia Co., common
11-
Stanley*Works (The), 5% preferred (quarj_
Stecher-Traung Lithograph, 5% pfd. (quar.) -
3-10-43
Sl»4
;
.
$i.*o class A
11-25
40c
//
Utica Knitting Co.,
12-5
31V4C
preferred
0%
12-10
,40c 6-10-43 5-25-43
$1V4 1-15-43
i-2-43
Universal Leaf Tobacco, common
(quar.)
Upper Michigan Power & Light—
v
1
1
12-28
■
40c
$5 preferred
(qua
$5 preferred (quar.)__
$5 - preferred
(quar.)„_———————
•
10-15
j'.
12-15
75c
from
necessary
Per
1
t$l%
(quar.)
of
brought to light in annual reports and other places.
Name of Company
10-20
$1V8
amounts
United States Sugar Corp.—
10-15
11-
40c
11- 5
tabulation of figures since Janu¬
a
the
(Continued
10-15
11- 2
12-15
11-15
1-
11-
i$iv»
Inc.,
35c
1942
of Reo.
$1V«
pfd..
Standard Wholesale Phosphate & Acid Works
12-31
50c
Peninsular Telephone/common (quar.)—_
of the
.10-20
$1%
•
(N. J.)
present
1940, showing
corporate financing as revised to date. Further revisions
-;
7%
Corp.
we
money
September, 1941.
Holders
,40C
National
Standard
10-14
■no
Below
new
$1V4
(resumed)
;.
new
purposes in
Public
11-16
$1.20
:
and $6,-
new money
6.4%
(initial quar.)
Standard Fire Insurance
8
30c
(interim)
;
for
was
time to time, particularly as additional
private financing
Payable
420c
Spiegel, Inc., $4.50 conv. preferred (quar.).
Squibb (E. R.) & Sons, $5 preferred (quar.)_
Standard Brands $4.50 preferred (quar.)__
10-15
10-23
for
share
(quar.)
.V'<- •/,
Public Service—
preferred
6 Va %
10-20
50c
non-cumulative preferred
5%
Southwestern
10-15
.
32VzC
(quar,)i..*7
pfd.
Line common.——
Mines, Ltd.
Consol.
75C
t$I
preferred..
$ 1.30
Panhandle Eastern Pipe
Parke Davis & Co..//—
Paymaster
6
was
When
—
•
/
;
arid $20,775,500 for re¬
$30,575,421 for
ary,
purposes.
Southwestern
(quar.)-_l___.^—
preferred
4.8% "
10-22
11- 2
11-2
(quar.)__—
Cement
Gas'& Eiec.—
f
with
funding
which
Southern Railway Co.—
10-22
SIV2
'.—:___
—
Power Co., Ltd.
10-22
2
20c
(quar.)_
of
stock.
$10,000,000 3% 10-year
These figures compare
financing and $296,149,084
securities
Southern Indiana
10-16 7
11-
of
The corresponding total oi
Name of Company:
./
8
$VA
Preferred A
■
11- 2
$1 /■■ 11-2
; Pacific
■
10-
$1%
'
1st preferred___
$32,925,000
Southern Canada
10-23
50c
(quar
common
7%
$910,217,300
Per
of Rec.
2C
4+
(quar.)__,
195,332 of which $16,639,167
principal issues for the month consisted in the
of
cumulative
common
556,165 for refunding purposes.
Holders
share
>
„
The
main
'
Oceanic Oil
33.7% in July and the
capital and $1,358,107,489 for refunding
small blocks of stock held by estates.
612%
of
■fc; Municipal issues for September, 1942, aggregated $23,-
30.3% for the first six
$2,147,217,559, of which $789,110,070
was
during the past month consisted in redistributing securi¬
of
185,000 shares
debentures of Timken-Detroit Axle Co.
corporate emissions for the first nine months of 1941
Much of the work of underwriters and dealers
route.
new
for refunding purposes.
was
of
or
up
and
96.91%
or
ending with Sept. 30, 1941, total
footed
financing
25%
over
stock
$20,000,000.4% bonds, $6,~
60,000 shares
The only other issue of note was
'
$614,068,416 represented
planning to is¬
000,000 serial notes,
preferred
or
;
the nine months
corporate
slightly
or
placed in August, $20,320,850
In
Service Co., which included
and
:'/'
//;
-
total, comparing with $62,618,000
months of this year.
although several public
poor,
aggregated $14,765,000
monthly average of $36,706,188
The reduced volume of corporate financing is at¬
future issues
for
purposes
placed through the private route during Sep¬
the month's
August and $195,656,013 for the month of September,
tributable entirely to present conditions.
Issues
tember
September total compares with $64,618,000 reported for
1941.
capital
new
$30,346,500 or 51.7% was for refunding.
month
corded this year and also the smallest total of any
$58,882,086 reported for August, 1942,
$28,445,586 or 48.3% was for
•
U. S.
Pipe &> Foundry Co.
(quar,)-.
resident tax,
11-30*
15%; resident tax. 2%.
a
Less British income tax.
10-20
I Republic Investors; Fund, Inc.—•• *;•#,• *£$ ./v/:v;
6%
■
preferred A
(quar.).
_
,/;' 6%' preferred B (quar.
Revere Copper & Brass, Inc.—
_
_
1
..
,'
_.
.
—
Class: B
$2
—
$1%
.
;(quar.)
4;'
(qu ir.)
-t
Insurance
Co.
Co.
-
$1
/350c-
(N.
(quar.)
preferred
10-31
1
11-16
11-25
$1V2
12-23
11-'6
Simpson
Simpson's,
87 Vac
t22e
11-16
11- 6
10-20
11-1
10-20*
11-
11- 2
10-16
11-25
10-26
415c
6%
preferred
preferred
(s-a)
(accum.)—
10-
t$3
11- 2
5
10-17
10-17
11- 5
6c
(irregular)
12-15
12-4
common
—
10-31
50c
•
6%
preferred
Southern
(quar.)
10-21
California
Edison
(quar.)
11-30
$lVa
11-30
37VaC
11-3,5
11-17
t
11-17
10-20
Oct; 12
,//
■'/>:
Oct. 13
Oct. 14
*
.297733*
3.228000.
.237044*
3.215033
3.228000
.000580*
H.05146P*
.051460*
England,
pound sterling—
,
.90^090
3.215033,
.870078
,570100*
.570100*
rupee——*—
.
4.035000
4.035000
.301215
,205725
3:227833
Union of South Africa, poundUruguay, peso—
3.980000
.879285
.,570100?
; ■
_
1
,
*
.570100*
■
4.035000
.
4.035000
4.035000
.301215
.205725
4.035000,
.301215
.205725
.909090
.301215
.205725
,.
.909090
.909090'
.867708
.
.867500
.869791
.876875
3.227833
3.227833
3.227833
3.227833
3.980000
.3.980000
3.980000''
3.980000
Holiday
.
________
Noneontrolledi—/
♦Nominal rate.
4.035000
Holiday
.909090
.867708
pound——.
Controlled——'
.909090
.872142
,
w-1«
4.035000
.301215
/,205725
.909090
'Official.—
New Zealand,
.OGOCOO*
,051500*
,..
4.035000
(British),
.060600* :
.909090
.909090
.870078
.570100*
4.035000
•
'3.228000 >
:
.051475*
:
;
Mexico, peso—
Newfoundland, dollar—
,,
;237044f
"
.869910
■.
.297733*
.
3.215033
j,
,060580*
.909090
Official—_____——
India
.297733*
.237044*
•
.3:228000'
.060580*
dolfar—
Colombia, peso./——
'
V
.'/;" /$,;'"/■:/.
'
Holiday
.051460*
Canada,
"..
Oct, 15
.
■
3-215033
■
—'----■i--.
.
Soundview Puln Co.
3.228000/
10-24
25c
Packing Corp.- (quar.)_^._„___—
Inc.
11- 2
25c
^
mifreis—
Official.—
/'
10-15
10-26
t$l5/«
___—
Solventoi Chemical Products
11- 1
14c
:
'
.297733*
.237044*
3.215033
Brazil,
10-20*
1
•
pound--
Official-
Ltd.^__
M'nes
Oct. 10
Oct.9
.297733*
/,: ■OfilciaL-t.^-.----..
(Canada)—
Ltd.; 6Va%
Scab-On Tools
Snider
$1
(interim)
(Robert)
Austrafia,
-
10-20
$1V«
'
•:
Buying Rate for Cable Transfers in New York
:■Value in United States
Money
' "
'
.237044*
.
,12-15
7c
1942 INCLUSIVE
' 1930
.
/.-.. Official-.-,,.—.
12-15
;
;
v
TARIFF >ACT OF
$
Argentina, peso—
10-15
12-23
3c
Premier
10-15
<
11- 1
$4
Common
11- 2
$3
Scott
Silbak
1
15c
(s-a^_^„^„i-
.
/
11-16
12-
f$l%
Paper Co., $4.50 pfd. (quar.)___i.
preferred (quar.)
Sharp & Dohme, Inc., $3 V2 cl. A pref. (quar.)
Shawinigan Water & Power (quar.)—:..;
Country and Monetary Unit
11-6
12-
$1%
;
•/ /-.OCT.: 9 TO- OCT, 15,
.
10-15
415c
;
;
11-20
11- 2
miA
—
.
10-10
10-20
12c
37 Vac
•"
-
,".//
now. cer¬
countries of the
?
RATES'CERTIFIED^ BY FEDERAL RESERVE BANK TO TREASURY UNDER
Noon
10-15
:
EXCHANGE
FOREIGN
4/r
10-10
(s-a>———
Sherwin-Williams Co.
*
10-13
(irregular).^—___
common' (quar.)
Gold Mines, Ltd.
10-15
2
10-20
Saguenny Power Co., Ltd., 5V2% pfd. (quar.)
1st pfd. (s-a)_^
San Antonio
10-15
11-
11-2
St. Louis Bridge 6 %
2nd preferred
11- 2
:
-
j
50c
(qtiar.)
Roos Bros. $6.50 preferred (quar.)
Safeway Steel Products
.3%
10-2&-
10-26
25C
■
.
25c
6 %
•
cable-transfers in the different
,
10-13
2
15c
Light & Power
Rolland Paper Co., Ltd.
11-
11-16
11-16
—
Y.)
(quar.)—
$1.50 convertible preferred (quar.)__
Rockland
'
—
-'0ry -;Goods ;0o.—"
Richmond
Rochester Button
tifying daily to the Secretary of the Treasury the. buying rate-forworld.
We give below a record for the week just passed:
10-13
.
Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is
Pursuant to the requirements of
10-15
11- 2
11-2
\Ak* 35c■
preferred -(quari) '•
Rice-Stix
f
$1,31 V*
35c
Rhode Island Public Service class A
■
15c
10-15
:
.
514%
preferred (quar.)——;
—;—
•,-/■- 7%
preferred (quar,)—————
Reynolds (R. J.) Tobacco Co.,- com. -(quar.)-'
/
11-2
15c
.658300*
,658300*
.658300*
.658300*
,527200*
.527200*
.527200*
.527200*
•
.
<•
.658300*
.527200*
1381
Mew York Stock Exchange
an
Stock and Bond Sales
;DAiLY
WEEKLY
-
%
YEARLY
-
NOTICE—Cash and deferred delivery sales are disregarded in the day's range, unless they are the only transactions of the day. No account is taken of such sales in computing the
for the year.
range
m
United States Government Securities
Below
we
furnish
Daily Record of
U.
Prices
S. Bond
->'
'■
'
Oct. 10
•(
r_«:!
v;:"--.
■
"v7;:7;:7
%'
,
\
f High
[close
Total sales
3%s,
1943-47—
in
Total
___
in
sales
2 Vis,
Total sales in $1,000
units
Total sales in
'
Low
•
—}y'v^
(High
214s, 1954-56
Total sales in
-
3s, 1946-48
—
units
High
■
1947.
2s,
—
\
Low
—
[Close
;
sales in
Total
■
—.
units
$1,000
[High
[High
Low
•}
—
March
2.\
.
f Low
[ Close
1948-50
*
[Close
Total sales in
$1,000 units
Total sales in $1,000 units
109.19
'-■.Lw
109.19
2s, June, 1949-51
Total sales In $1,000
■',-.-v
2s,
—
(High
( Low1
—
units
(High
\ Low
(Close
;•
1949-1951
Sept.,
Total sales in $1,000
$1,000 unlts^..
.
\ Low
I Close
[f; '■
;£ 5
.
2%s, 1945-47—
in
■
f High
109.19
(High
( Low
[close
.
.A
■
units
[High
100.5
•!
100.5
..
2s,
1949-1951
Dec.,
sales in
2%s,
sales in $1,000
7 Total
•
$1,000 units—.
—
(High
;,:Vv.
1951-54—
■{
«...
2s,
Low 1
■■■■■•■'
| Low
■{
2%s,
$ 1,000
Low :
$1,000 units—.
Federal
—
3
Total sales in $1,000
ai;
1 7?7
104.21
1949-53—
Total sales in
Total sales in
Close
(High
106.1
106.1
106
106.1
106.1
106
•Odd
1 :':v/1
l
LOW
> per share
$ per
.>
o
in
share
AND
HIGH
SALE
Tuesday
;s47.
i
!
$ per share
'•43
*47,
I
°30';o
;
47%
*30
36%
45
*44
45
'
* per share
*33
1 per
Sales
Friday
-
«
share
per
Shares
share
7%
7%
7%
*22%
23%
28%
23%
14%
35% •
*60
'
7'%
*22%
48%
*47
NEW
for
i:
.
200
Range Since January
-
On
STOCK
YORK
4
EXCHANGE
the Week
Oct. 16
48%
*47%
47%
{
.)
•
110%
44%
44%
7%
7%
7%
7%
'
::
24
*22%
24
*43%
44%
'
;
110%
-
30
33%
33
36%
*33
*22%
20
Abbott
45 %
200
7%
3,700
24
200
4%
Laboratories!
14%
14%
.
14%
:"J* 36%
36%
70
*60
Steel Co
Acme
Adams
—No par
25
...
Corp
14%
14%
36
*65
14%
35%
*65
70
14'%
35 %
14%
35%
14%
35%
70
36'%
*65
70
2,200
«•
;
V 1,709
70
—
Addrcss-Mutigr
Air
Corp..
;
—10
—No
Inc..
Reduction
Ala &
par;
^.100
Vicksburg Ry Co.
t per share
Mar 24
49% Jan 13
110% Oct 16
46
May 14
Sep
9
43
Jan 12
48% Jan 13
34
5%
18%
10
29%
61
..No par
No par
Express
Adams-Mills
Year 1941
S per share
May 14
7%
23%
13%
38%
68
Apr 24
Jun
8
Mar 27
*72
1%
78
*75
111
I'd
'
5%
"14
*75
%
5%
5%
5%
5E
r
5%
14
*60
14%
19%
*60
5%
.
19%
141%
10%
*10%
*14%
14%
14%
57%
142
15
5%
6
6
5%
73
*72
25 7 h
26
in
*
i
13 %
66
43%
Fvr footnotes,see page 1391.
*10%
15
5%
*72
26%
26%
1 3
19%
5'A
5 %.
5 %
5%
5%
*5 %
13%
19%
19
65
5%
'5%
142%
141%
10%
15%
5%
5%
142
*10%
10%
15
15
6
5%
*12%
18%
*60
5%
141
27%
4,100
.
1,200
13'%
1,200
19
1,300
400
5%
141
1,200
10%
14%
14%
900
6%
4,200
73
73%
26%
26
500
73%
27 %
Juneau
Gold
26 %
11,300
Min
Apr 28
Jan
6
:
x
—100
.-No par
.5%% pf A with $30 war
100
5% % pf A without war
100
$2.50 prior conv preferred-No par
18%
*18%
1
1
13%
66%
22%
22%
42%
43%
*12%
x64%
18%
I'll'
66
*22%
43
13%
66%
23
42%
18%
18%
»i n
1
13 %
22%
1
*18'%
1
18'%
1
,7
Alghny I.ud Stl Corp
Chemical
Allied
&
5
Allied Mills Co Inc—;
Allied
Stores
5%
13%
67
-22%
*12%
13%
preferred
Allis-Chalmers
-
Mfg
Amalgam Leather Co Inc
•
%
*42%
43
conv
66%
66%
3,100
Amerada
22%
22'%
1,000
Am
42 %
43
2,700
American
"
^
Portland Cem
Alpha
6%
-.No par
No par
Corp
200
100
par
preferred
Petro Corp
Agric Chem (Del)
Airlines Inc
15
2
17
18
23
3% Apr
f
9
118% Apr 28
10
May 25
W/a Apr 24
4
Apr 28
Jan
8%
Dec
17%
Dec
24%
Aug
Dec
15%
Jan
345/a Nov
45
July
73
Sep
75
Aug
Dec
5
1'%
85
10
5
26
26
27
Jan
99%
Dec
Aug
'
"•
%
Jan
Va
Dec
10%
Jan
3%
Dec
9%
Aug
11%
Dec
21%
Apr
17%
Dec
25%
Jan
4%
Dec
ii%
135%
Dec
10%
Feb
11%
:57/« Oct 13
149
Jan 6
12% Jan 26
15% Sep 25
Dec
3%
22% Jan 2
73% Feb 27
.
51%
Sep
Dec
■
Jan
167'% July
13
Aug
14%
Apr
Dec
9
Jan 13
Jan 3
Feb 3
1% Jan 26
18% Jan 27
87
Oct
24%
37
Jan
21%
Aug
1%
Aug
10
Apr
20
43
Mar 27
18% Jun 30
67
Oct 15
23% Feb 6
41%
Feb
63'% July
25V* Apr 17
48Y4 Jan
64
July
No par
No par
22
Apr 29
—No par
.No par
10
'
Feb
Oct
Jan
Jan
Jan
Sep
Dec
Apr
55%
1,
71% May
100
1
50
94%
%
6 1
57/b
17
16
May 25
65% Sep 23
..1
...
Dye——No
Co
-
No par
100
gtd
Industries Inc—
Allen
300
.
69% July
Jan
3% Apr
3% Apr
9% Jun
Allegheny Corp
54%
9%
Oct 13
Sep
8
Oct 8
Jan
6
Mar 2
Dec
5 Vs
2% Jan 13
1% Mar 24
10
Albany & Susq RR Co
Allied Kid
*10%
6
Alaska
Alleg & West Ry 6%
65
73
73
5,100
5%
*60
69
30
%
5%
'
12%
14
• •
3,700
78
i a
:ij
:»:t
•' i-
1%
'
65%
22%
-
ft
*12%
G6
*22'%
43
18'%
1
Hi
♦12
10%
73
26%
18%
*18%
it
*72
%
5%
*60
5%
141%
*10
-
5%-'
14
65
5%
141
140%
5%
5%
19%
6.9
*5%
i'
13
32
13
j
*73
75
75
78
1%
2
1%
2
3 2
14%
19%
19%
1%
78
%
-
534
5'/a
1%
Highest
$ per share
Feb
43%
■
17B
1%4.
,
Transactions
Range for Previous
31
39
100
:
& Straus—j—
'
36
>
.
Lowest
Highest
37
104
—No par
preferred.
Abraham
1 7
100-Share Lots
S per share
Par
'
Basis of
Lowest
'
*110
36%
44%
7r,»'
i
:
'
RECORD
STOCKS
Thnrsday
% Oct. 15
Oct. H
;
f 47%
*110
;
"
*110
36%
.
tCash sale.
sales.
PRICES
Wednesday
'
'
•lie
,
registered bonds were:
;Yi No
Oct. 13
47 %
delivery sale.
>
—
Oct. VI
tDefcrred
lot sales.
Note—The above table includes only the sale of coupon bonds.
(High
.
Monday
units
106.1
$1,000 units.—.
Oct. 10
sales in $1,000
Total
] Low ;
[Close 4
Saturdav
Low
•
-
106.1
106
NEW YORK STOCK
4
...
[High
Vis, 1945-47
i
$1,000 units.——
V,
units
—
1 Low
(Close
t%s, 1950-52—
(Close
-
';v::
1
1
$1,000 units...
| High
•{ Low
Total sales in $1,000
—
$1,000 units.——
—
103.5
1944-52
^
104.21
—\
[Close
103.5
Loan
Owners'
3s, series A,
5 :
■
214 s,
Home
,
—
-j Low
103.5
Low
-
sales in
Total
104.21
—_
V^ fHigh
Close
1944-49
3s,
'109.16
—7';
[High
Total sales in
units
:
109.16
;
$1,000 units
—
[Close
.
j Low
(Close
1948—
—j Low
/
109.16
—,
(High
214 s,
[ High
Mortgage
;
Total sales in $1,000 units——1
sales in
Farm
Vis, 1944-64
—
.
(close
Total
\ Low
[ Close
$1,000 units—
—
Low
1945
10
—
—
sales In
Total
[High
2%s,
100
units
$1,000
—
[High
{ Low
——
1953-55
2s,
—
[Close
Total sales in
100
[High
units——
1958-63—.
2%s, 1960-65-—
sales in
—
[Close
-Total sales in
100
(Close
(High
2%«, 1956-59—
5
(High
1951-55—.
Total
$1,000 units
—
100.5
units—
■
(Close
Total sales in
Low
[Close
[close
Total
Low
[Close
j LOW
[close
.■;>.
Total sales
1
Total-sales in $1,0Q£L. units.
:_—
(High
.
Holiday
(High
Total -sftles-in $i,-G00-tmifcs=—
2%s. 1948-51
units—
2s, Dec. 1948-50—
[Close
;r;.
27/a$, 1955-60—.
in $1,000
Holiday
[ Low
;
sales
Total
—
(High
3s, 1951-55
Low
[Close
sales in $1,000
Total
V;
\;:£
\ Low
[Close
$1,000 units
-j
—
y:;ky^y„-,4\
units
;—
...
units
:%•>//.
/;
Y
[Close
Total sales in $1,000
Low
(High
1949-52—
[High
Low
■
•'
Close i.
3 % S,
13
$1,000 units
-
•
units—
Total sales In $1,000
1
—
214s, 1952-55.:
.
[ close
Vis, 1946-49—
100.22
10
\ Low
[Close
—
_
'High
3
100.22
100.18
[High
(High
';
100.22
100.18
100.16
j Low
sales in $1,000
214s, 1951-53
$1,000 units.—"
;
100.18
100.16
(Close
LOW
.
100.16
units—;—_—
$1,00
1967-72
Total
■{
51
I High
j Low
[Close
3143, 1944-46—
Oct. 16
Low
f High
( Low
[Close
—
Close
Total sales
Oct. 15
units
2V4s, 1962-67.
7
$1,000 units
1943-45—
Oct. 14
(Close
sales in $1,000
High
314 s,
Oct. 13
[High
-j Low
—^
Total
,
Oct. I'i
units
-
—
[Close
In $1,000 units—:
j
[ High
Total sales in
106.17
—■{ Low
3%s, 1946-56—
Total sales in $1,000
2%s, 1956-58
■
'
\
Vis, 1952-54.
106.17
..
—»
the New York
(Close
106.17
7%—
I High
on
[High
—
%:'%
a
■
v.7
—
$1,000 units
Treasury
2
114.17
Oct. 10
Dally Record of U. S. Bond Price*
—•••'•
114.17
■
—_
-
__■( Low
Total sales in
Oct. 16
114.17
LOW
units
1944-54
Oct. 15
Oct. 14
Oct. 13
.
[Close
Total sales in $1,000
Oct. 12
(High
4%s, 1947-52
4s,
Exchange
Figures after decimal point represent one or more 32d of a point. (See note below).
Stock Exchange during the current week.
Treasury
the New York Stock
on
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation coupon bonds
a
3
14% Apr 17
H Aug 19
12% July 24
6%
81
30%
18%
Jan 27
3
5
,
"
Dec
14% Mar
%
Dec
Sep
Sep
14% Feb
227/a
Dec
Feb
58%
Jan
40
THE COMMERCIAL & FINANCIAL; CHRONICLE
1382
STOCKS
SALE PRICES
LOW AND HIGH
'
Saturday
Monday
Tuesday
Oct. 10
Oct. JS
Oct. 13
t per
f per shar$
8 %
8%
7 8%:
47%
-v
$
*45%
8%
•t. «29
*128 V#
2%
29%
*•128 Va
29
130
*5
'
*28
130
5 Va
*
29%
*128 Va
28 Va
>
8%
1,500
American
1~400
6% preferred____.__50
American Bosch Corp_——*—1
600
r
28 %
.77'
2 Vh
2 Va
2 Va
64%
2
65%
64%
■*126%' 128
128 Va
2 Va
64%
5% Jan
:->___10
Note_»
Am Brake Shoe & Fdy___^_„Ny
70
5%%
conv
2 V«
2%
11,600
Amer Cable
64V4
64 V'4
10,900
American
2 Va
2 Va
65%
Bank
&
2
par
*23
preferred
^
—100
Radio Corp„._
;_1
Highest
# per share
I per share
I per share
13
5%
Apr
9%
Aug
|
6
41%
Deo
47%
Dec
•
5% Jan 14
3%
Dec
8 Va
Jan
26%
Dec
8% Oct
38% Apr 14
3% Mar 11
i
Year 1941
Lowest
Highest
$ per share
Par
5'/i
;
'
2
Lowest
28%
*5
29%
128
130
'..
3%
5%
■
Range for Previous
On
...EXCHANGE
48%
*46
48%
*46
48%
'
5
4!a-
4%
4%
Range Since January 1.
Basis of 100-Share Lots
STOCK,
NEW YORK
¬
Shares
share
*8 Va"
8%
8%
8%
*45 Va
47%
v
4 per
I per share
for
th e Week
Oct. 16
Oct. 15
per share
Seles
Friday
Thnrtiday
Oct. 14
$ per share
share
8%
*45%
Wednesday
,
Monday, October 19, 1942
47
120
Feb
33
Jan
15
130% Feb
10
2 Vt Sep
10
70 V'a Jun
18
Apr 28
Apr 20
1 v s Apr 13
xl22Va
1
39
Jun
130%
Apr
Oct
3
Mar
Aug
"
65 %
65
169
170%
169
27
171
171
27%
27
.
140
170 Va
*169
170%
170%
170
65 Va
...
Calu___--------.-----i.-25
tPreferred
56% Apr
___-.100
29
Mar 12
159
55%
Dec
157 V'a
Dec
176
Oct
33
Jan
23
Apr
73% Jan
56
95%
Feb
Jan
185
Jan
•
27%
27%
*83
63
03%
"
*19 Vi
*60Vi
94%
19
107%
*14
18
19%
*19
92%
"
ccnv
Cable
Inc___-_No
preferred—
*'97
pur
50
6%
*6»/4
0%
6%
6%
200
American
16 %
16 %
16%
16%
*16
16 Va
1,300
American
Crystal Sugar__
*97
99 V4
100
'
"
<
13%
14
13%
14
1%
*5
8%
*
1V4
.7
•
It
21%
%
1
%
41
40%
•
40
41%"
Vt
36%
36 %'
30
38%
'
5' "•
3 V4"
30 Va"
2!V
5%
5%
.*37
Jan
18
Oct
6
14
Amer
-Encaustic
American
5,200
Amer
2,200
$7
5 Va'
2,100
5 Va '
35%
36
35%
30%
31%
32
33 Va
2%
2%
35%
33
35%
34
NOV
% Oct
7
27
4
99% Oct
6
14'/4 Oct
5
8
%
Jan
21
% Jan
-
-
27
6
3% May 2-7
16% Jun
Export Lines- Inc—-__1
4%
v
Feb
28%
Sep
1V«
Dec
37/s
Jan
11%
Apr
24%
Sep
29
Feb
38 Va
Jan
Dec
4%
Jan
16% Jan
2
38% Oct
8
Jun
22
3,800
American Hawaiian SS Co——10
7 25%
1,100
2 V«
i 200
American.^Hide & Leather
_*-l
6% conv 'preferred_ii.____——_50
;
American Home Products:
Aug
14%
5% Oct
No par
6 Va
8
43% Oct
2
i—
.
9
2
$6 preferred
;
"lVa
1% Jan
preferred_l.__—__No
»a
1%
Dec
18% Jan
par
Sep
9% Aug
Jan
,
%
par
Power_____„No
Jan
Aug
Dec
,.:73%. Jan;
July 9
lVaSep 17
2
For'n
Jan
22
9
Jan
&
8%
19 Va
Dec
9%. Feb
78
Jan-
95%
7.,4% .Feb
1 Va Oct
May
$7 2d preferred A_—_____No par
i 600
-
Jan
X17
7% Mar 11
Tiling——._1
European Sees—_No par
2,400
121
90%
22% Jan
7 92
Jan.
115
107
Mar
1
3% May 25
—
"! i!'
40%
40%
5%
'
:
29%
Amer
5
23 y»
Dec
Dec
77- 9 Va Mar
13
Jan
34% July
79% July
v
Apr
6
"D
40%
5
5 Va
: .36
'
2 91-i i
95
14 Vt July
fc__10
prcferred^^i*.^—__-=_100
Distilling. Co
-__-20
American
16%
110
15
1st
1,400
5%
12
'
5
6%
22%
21%
l r.
.
•
2,000
;
1%
*5
22
I
14
1%
3 »4
*5
3%
-■
,
13%
1%
1 Va
21"
71
41
42
99
21 Va'
20%
77: :.l •;
1%
■
42
99
14
*5
5%
20! a
99
!%•
13%
'•1%
"
99
99
*97
*6 Va
20% Jan
May 27
69 7 Mar 16
Color|ype Co-___-10
16%
1%
9.4 %*
105
__._100
16%
14
*20 Va
>
American • Chicle—1771———No par
Am Coal Co of Allegh Co N J—25
,
*0V4
100%
'*13! «
20
May 20
65'/a May 21
16
May 26
par
..__il00
Cha4n &
5%
6%
Fdy____—No
6%
Vi
1
Am
~500
20
'
*14
20
&
16%
6%
*
400
■
"7
Car
Preferred
'
•
•
"*1*6
American
2,200
107%
92
6,400
19%
*105
93 Va
*14
'
20
66V4
93 %
-106
95
t
:
27%
64 V a
107%
19 Va
•
19%
,,*106
95
94!ij
7"'"' 18
18
fl4
19%
*106
94 Va
25 Va
62%
62%
62%
G2%
107%
19%
19%
108
*106
63 %
27
26%
27 Vi
34
Oct
16
3 % Jan
10
36% Oct
16
Jan
"
V
34%-
X49%
4% '
1%
1%
7 *31
"2%
-
35%
34 Va -34 Va
36 V'4
49%
491 a
49%'
49 %
1
1%
7 *1%
'
1%
*31
32
,
4
*1%
1%
31'%
4 Vi
*4Va
4%
■
1'%'
32
:
36%
49%
'
49%:
''7: 2%.'
2%
2%
49%
*33
*32
49%
35%
*32
,
•2!a
2%
*2%
1%
31%
;
30%
1%
700
;
.
1 Ve Jan
par
Amer
internat
2% Apr
.No par
Corp
Mar
25
6%non-cumv preferred——7—710Q
400
1,800
4
32% Sep., 24
X36% Apr
1
4ce_—____'No
American
\ 400
■
...
.
31 Va
-
4
"3%
4
3%
*30 Va
31
.
May 26
50
13
5
34
Sep
42%
.
33% Aug
r,
51% Aug
Dee
1
Feb
30%
Oct
2%
Deo
4%
Jan
6%
10
Dec
20
10
4% Oct
14
27,;,- May
Sep .2
May 29
2
6
2.
Dec
13%
2%
-
Sep
'
37%
*3
39
*37%
82
82
11%
12
6%
8%
82%
81%
:
*6%
19%
12
12
*24
116%
24 Va
j a
1:1
*18', 4
18
18
18%
5%
3%
*147
5 Va '
: 155
10%"
10%"
11%
57%
57%
57%
58"
57%
59
7%
7%
7%
7%
*7%
59%
.
10%
10%
10%
l0»/a
10%
23 Va
29%
29 Vi
23%
29 V2
29%
41%
42%
41
42 Va"
41
4l%
10%
:
10 V4
27 V2
40,! a"
40 Va
9% Apr
30
7- 4
Apr
113 Va Feb
20
6
7
.
4
Dec
95%
Jun
13%
Jan
Va
8
Dec
:
Feb
15%
Apr
23
Mar
121
;
111
2
23%
3
26% Jan
Jan
-2%
15
Feb
Jan
17%
6%
Sep
Dec
>
Apr
26% Aug
Jan
fi Jan
5
%
Dec
3%
26 % Jan
9
20%
Dec
46%
Jan
Jan
9
17 V'a
Dec
39
Jan
5% Oct
13
Va Mar 14
15% Apr 23.
12 Va Apr 13
par
.
% Oct
119
21% May 21
par
No par
preferred7i.7_7—7_^__No-,
7
23% Mar
29
-
50
Dec
77%
,
16
12V4 Oct
May 15
r.
■
16
San'y.^
;_i_
No par
3% Apr
V
22
"
25
3% Dec
155
7—100
142% Jun 22
165
Jan
3
Mlll_/.____,—^_25
preferred—H_„_—100
American Safety Raaou___
18.50
American Beating Co_-7____No par
„Amer Ship Building Co
_No par
•9-% May 25
52% Apr 28
12
Jan
13
9
59 V'4 Oct "16
50
Preferred
r-:4r Vs%'r-: conv-
28%
39! a
*28
89 Vi Jan
Jan
Dec
7%
38
6 7
Jan
•
; 600
; 500
'
10!«
*10 Vis
9
American Rolling
7%
:
7%
15
par
Am Rad 8s Stand
1,460
:
7%
7%
—No
preferredi.7ji_.7_^_7-_No
I3~6OO
11%
58%
58%
10%
58
21
Jan
10 % Jan
par
$5
.
:v
11%
-10%
Jan
40
5
65 7 Jun
100
j—
Light—
■i
155
*147
155
*147
ro%
-
News Co
11,000
5,800
•
10%
10%,
Ltdi_>7—_iNo
$6
>:
7
6
Fdy Co_„No par,
Co
Amer Power &
2
6 % Jun
10 0
_
preferred
American
2,000
5%
5Va
' 5 Va
6%
4.500
18.
18%
Amer Mach &
Amer Metals
10. V-
'
5
Sep
35% Mar
Amer Mach At Metals-.—No pat
;
590
'•1
%.
18
5! 4"
7
25 Vt
'
IS!
V.
;■
19%
18%'
155
25
T'u
19%
'5%
*147
25%
•:'>
of 111—___1
50
Loepmotive—rV._No par
Preferred 77
8,600
2,000
116%
Co
5%.conv preferred^-i
American
2,000
7 7.
19
20
18%
" 155
116%
I a
11%
,
19%
'
•
.
21
20%
7
5%
*147
21
7
18%
*114
25
%
13
82 Va
11%;
.
-
19 Va
'
*114
25 Vi
~
■
20%
18%
5%'
116%
25
%
,
20%'
19
19 Vi
%•
7%
6 Va
6%
*114
25
l a
20 Va
19
llS %
115%
24 Va
:
%
■■
7
V 6%
19 Va-
19%
19%
*115%
6%*
60
4,500
1,000
8%
Invest
American
) 100
7
39
82
82 %
12
•
12
5 V'4
*37 Va
7 8%
39
8%-
12
"
6%
82%
-
8%
81%
"
,12%
82 Va
*37%
39
8%
*5
95
5 Va
*37%
9 Va
8%
9
a%
5 Va
*5
5
3
37%
6% Feb
.
24
May 25
43
Jan
147
Feb
Jan
73%
Dec
Dec
29
15
,
Aug
15%
Dec
14
Jan,
7
Jan
10%
Oct
.40% Mr
45% July
Dec
33%
2
35% Oct
35iit May 14.
Amer-SmettiflgjAt Refg>-__i JUijkul'.
5,700
165Va
Dec
6
10% Oct
5
35% Jan 14
13
Feb
"
4%
16
7% Oct
4% Mar 11
7%- Jan
-r.
Deo
'
142Va' 144 "
35
35%'
-*444—- 442%35
*34 «/a
*140
*140
143
143
*35
"
*140
*
t
35%
35%
1
35 Va
'*140
143
*140
143
35 Va
35
20 %
10! a
11
11%
20%
19%
19%
10 Va
10%
10%
11 %
11%
11%
19%
19Va
*11
10%
10%
10%
11 Va
UV4
11 Va
*18',4
18%
*18%
18%'
18%
18%
87%
*87
87%-
86%
88%
87%
10%
10%
"18Va
*22! 4
126 Vi
128%
41%
129%
6%
6%
6
'
44 %'
6
22
127 Va
:
'7
42%
43%
133
43%
47%
133%
*132%
6
6
6
-
29%
29%
*115% 117
29%
29 V'4
117
*115
2%
3
2%
*47%
49! a
4 Va
27%
4%
*60!a
61 Vi
41/4
4%
60%'
4%'
47
*42
7
27%
28%
16'%
29
50
*41
-
28%
28%
28
*16%
*111
4
'
4%
77.
28
.
27%
29 Vi '
16%
•
*16 Va
10%
'■
*111
*10
10
10%
i6%
*1U 7:.
*111
10%
*10 ":
*9 Va
10%
2,200
> ,'7; 500
2,800
;
29%
•
10
*9V'a
.
*1%
1%
1%
n%
1%
1%
7" 7- 7' i V'a
7" >
*33%
1%
"
34%
.77.
34 V'4
104 Va
104%
35
*34%
34
34
•
34% ;
*33 Va
■
-
47 Vi
3 V'a
3%
48%
47%'
«40
50 Va
*28%
'48%
6%
4%
41
29%
*6%
103
4%
•
41
;;7->
3 Va
v.
?
3 Vi
3 Va
3
i
47%
50 Vi
7 *39%
28%
7
,
46
47
46%
47
*39
"•:/:>■
50 Vi
77'-rr--}
'■
1%
34%
*82
7
*4 Va
*66%
6%
7
99%
6%
4%'
*82
•
300
*66%
70
*70
74
*70
68%
74
;
7 ;.v,.v.
Andes
Archer
*25
27
*28%
27
*98
99%
*98
99%
*70 '■•.
*82
*67
68 Va
69%
74
*67%
74
*70
*'25 Va
52%
52
*70! a
51%
71%
33%
34%
52%
98%
51%
> 71% 771%
33%
34%
'
99
'•>
'
50 !i
52
70
7;7
..33%
'50%
52 Vi
70%
71
32%
71
33
33%
70 Va
12,100
,
30
Jan
24
Deo
17
Jan
1
-
1
*24
24%
*23 Vi
24%
24
%
44%
*43
44 Va
*43
19
19%
*23%
44%
•44%
,7 18%. 19%
104 Va 104%
18%
18%
24
18%
*.104%
108'/a
*104%
108%
0%
6%
.8%
6%
*104
"'
24% >.77»'7;;.. 200
24%
24%
44%
"
19 Va
7: >
18%
*104 ■'
106%,
V:7
44 Vi
•
Oct
18%
4,100
7:
107
"
6%
'
*47%
Deo
%
Dec
*47%
56
*56
V/» July 28
4% Jan
*7%
*47%
115
8
8
'
*1%
V'77'7'6%-
6% ~
0%
60
A
200
56%
7
-50%
;
2
; 21%
*19%'
3 %
3%
v3Vi'
,13!5
13!a
3!a
3%
6 Va
6%
5%
-.5%
*29Vk
30 Vi
8
2
7:>;
7
21%
3%
■'
:
■
*7Va
'73%
*
2
*1%
*19 Va ;
.3%
.
*47%
48%
'7
77; 55%
"55%
8
:■
■■" 7 '.
•:
.1''
'
7
1,000
115
7%
•
2
1 V'a
.
:7. :7''77; 10
7% 77 r:7> 200
115
<r
*1%
*19%
7,7 3%
2
*20
20%
3%
21%
-"
'■
.
115
*114%
•
2
*19%
115
.*7%
'
56 V'a
56%
57%
7 *114%
48%
7*47%
48 Vi
.'■■■■
> 7
".'7 7 7 200
21%
3 V'a
3%
v
7
7 16,100
47 Vt
Jan
60
82
,
Sep
34% Jan,
.
Dec
Sep
72
Dec-
6%
-
0%
Sep
Jan
:\7 3
Deo
•6%
3
July
Sep
Sep
Jan
10
4% Oct
28
7
.
5 Va
70%
•
Jan
20%
28
7Vt Jan 26
Jan
87
Vi Dec
91%
Oct
6% Jan
5
Dec
.10%
Sep
77»/a Jan
8
78
Dec
88
Sep
Jan
17
70
Dec
83
5%
102 Va
Aug
Jan
Jan
9
27% Sep
Dec
35 V*
98 V'a Aug
16
20
20
6
82
Aug
96Va Mar
2
53
Oct
3
18
Jan
60 V« Jun
25
72% Oct
7
53%
Dec
31% July
70 V* May
■
19% Jun
2
34% Oct
9
13%
Feb
:
•
:
5
13%
Feb
Mar 16
45 Va Jan
3
16 Va
Jan
23% Jan
28
19%
Jun
28 Vi
May
111'/a
33
24
109
Jan- ■' 5
21
"46% Apf 25
107
Vi Feb 20
.7
99% July 20
6V« Sep
Jan
34
■
50 V* Feb
,
0%
45«/s
7 56
Feb
47%
16
Feb
7
Oct
Nov
Dec
Sep-
Va July:
81V*
No*
.
May 25
Apr 30
7
Corp,.----—u—No par
Austin: Nichols-u—7-_—^-No par
85 prior A77_-—_—-No par
Aviation -Corp. of - Del (The) ——3"
lVs Apr
17
28
■61 -May
70
Jan
116
Jan
17
111
26
6
Feb
;
■■■•
5
2% Jan:
Jan
2
9% Jun 29
2% Jun
3
14*4 Jan
Oct
25 Va
Oct
Dec
19
2%
Dec
5*/s July
3%' Dec
0
2% Jun
Oct
9% July
3%
10 Vs
9
22
121
1% May
13 : May
2% Apr
9
•>74% Jan
15 Va Apr
72% Jan.
Apr
9% Jan
May 23-
43
ill
Atlas Tack
8% July
8% Jan
B
13 Vi
•
—
,
,
:
•
s-
3%
6%
,
' .;
•
'■
.
—
;
■>'
■
13%
4;
6%
■
11%
11!4
75%
5%
*26
.
'7
v
7"'
14%
19 Vi
*26
103%
*20
82
*8%
—
;
"•
7
19%
26 Vi
•'••—',•
105
__
29 Va
—
••
'
—
5,000
700
Bangor
28%
28%
29
29%
120
Coilv
11 Va
11%
11%
11%
11%
12
5 Vn
■
15 Vi
6%
8%'
-
...or
6%
5
5%
%-
5%
*5%
*26
5Va
5%'
*20
27%
5 Vt ■> 5%
5'a
;
27%
.
*26
,
11%
11
11%
9~900
14%
14%
14%
14%
3,800
20
20
*19%
20 Va
*19%
20%
700
Bayuk Cigars Inc
25! 4
■*26 Va
25%
25 Va
*25
23 %»
500.
Beatrice
19%
725Va
105
28
8%
*103 ;
*27
*81
8%
17
25%
105
*103
105
28
27
27
*28
*81%
85
■8 Va
17
*8%
,
85
8%
18
19
15
15
15%
.
15%
34%
34 V4
34%
34%
35 %
13 Vt
13%
53%
13%
13 V'4
15%
29 %
85
100
8%
9
600
30
15
14%
35%
7,200
13%-
13 Va
700
—
13%
13%
53%
—
63%
53 V'a
83%
*53
*22
22 Vi
22 Va
22%
22!s
22%
22 V4
22 %
22
22
58%
59 V#
67%
58%
57 Va
58 Va
57
58 Vt
112%
112%
112 Va
113
111%
111 V'a
For footnotes see page
7Tiii/a
1391
112
112
*53
2.400
34%
13! a
*52%
*53
""20
*813i
*19
.'53%
.
113
Bath Iron Works
85
105
*103
*13 Vi
:
Brothers——----No par
5Va% preferred—j—ur-50_
Barnsdall Oil Co.————5
11 Va
15
—
Barker
14 Vt
343i
59
300
27%
11%
'
58
1,800
4%
14%
*8 V 'a
34%
6%
10%
*16
15%
34%
'
—
•
5%
14%
19%
84V«
8%
-
11 Va
62
*16
6%
•
14 V|
"26
__
4% Jun 23
4
Apr 15
preferred——100
& Aroostook——-—~-50
5%-. preferred——.-—100
Barber Asphalt. Corp————10
6%
5%
29%
27 Va
*103Vi
—
Baltimore &
11 Vi
:
—
c__ul3
Ohio——u-7—100
Baldwin Loco Works-v t
•
22
100
700
9,000
800
Corp..- -— 1
-t-No par
—25
preferred w;wu.—---No par
Creamery——-
Creek RR——-——
Beech
^
BeechfNut Packing Co—-20
Belding'Hemingway——.—-No par
Belgian Nat Rys part pref—Bell Aircraft Corp——
1
Bendi*
Aviation,.
7%
Indus
2
par
par*
par
par
preferred———-j-100
2
4% Jan 28
,
:
7Va Jan 27
6% Jan
26
3 Va
Dee
31% Sep
23
18%
12%
Dec
34
7
Apr
Jan.
Sep
12%
12
Oct
16
4% Apr 25
6
Jan
27
5 Vs
Deo
24% Aug 20
30
Jan
20
27%
Deo
V
July
Sep
9% July
35
Sep
2
11% Oct
8
7%
Feb
10% July
Jun
3
18 Vs Jan
6
13%
Deo
247/s Mar
15 Va Apr
30
20
15
Mar 20
30
8% Jan
12 V
103
8
Apt*
23'/a Jun
64
Apr
8
24
6% May 14
13
May 20
9% May 20
28% May 21
7—
Loan.—-.No
•Pr pfd 82,50 dlv series '38-No
Best & Co
—4—No
Bethlehem Steel (D«l)u—-No
Beneficial
Jan
6VS Mar 25
■
5%
*20
—
13%
5,100
8,300
13
/'• 3%
4
3%
4
12.
*11%
V
.
7
11%
14%
'
__7.'
27%
11V a
'•
.
—
:
13%
13%
;13Va
29
6
30%
•
3%
30 Vt
5!#
■
>
13%
•
9% May
6
46% Mar 18
17% Apr 27
17%
31% Mar
Dec
21 Vi Jun
6
26
Oct
9
105
Oct
9
102%
Dec
106
Oct
Feb
24
28 Va
Feb
32
Apr
110% Jan
10
Jun
126
Jan
9
Oct
16
6%
Dec
19
Oct
15
10%
Jan
17
32%
Apr
41 Vs
.
20
108
Dec
27% July
8% July
Oot
16 Vi Mar 30
39% Jan
3
.
14 Vi Sep
12
10%
Dec
54
Sep
24
60
Aug
24»/4 Jan
19
66% Jan
2
121
Jan
7
.
20%
87
Sep
Jan
May
19%
Dec
81%;
Dee
89%
Jan
Dec
131%
Jan
118
-
28 V* July
14% Apr 30
16 Va Jun
••
Corp.-.:———-u:—~~z*':
6 78
preferred---77-: .*u 50
/Atlas,iPowder-.._7--u---£-No par
5% COnv preferi'Cd—.——:__-100
v..
4
Jan 21
29 V'4 Sep
May'26
20
Atlas'
1,800
-
33%
112 Vs
Dec
67% Feb
2
Feb
2 V*
Oct:
12%
108% Mar
14
r
72% Jan:
27% Jan
'
6 Va
26
115%
81% Jan
preferred.-————100
Atlantic Refining—
^—25
7 '4 fH conv pref series A-———100
•
48%
66 Va
*114%
115
*7%
77
8
Jan
July
35% July
17% Sep
Jun
-
8
Apr
7
4% Apr 28
61% Mar 24
Jun 29
53
•
'
48%
*114%
0%
Lines—-—-—1
,
11 Va
13
Jan
-
2 % Apr
Goods..————-1
1st, preferred—100
2d preferred—-;
100
Atl G & W.I S3
100
-
110%
;
Mar 11
79
'
"'*43
■
5
3
IOV2 Oct
■
V- *43
;
112% Mar 19
May 26
-5% Mar 20
preferred.——--.100
Atch Topeka <fe Santa Fe7—--100
7' 5%-'preferred-u.7:i7-_--—-.100
Atlantic- CpastTtlh® RR.l———100
15,500
1,800
33
30
41
5%
>60
51%
70 Va
32%
.7
Feb
Assoc Investment Co_.-_7._-No par,
'■
/
98%;
98 V'a
22 Vs
21
,
-
98 Va
56% July
14
2% Sep 10
42 v Sep 11
preferred—uNo par
preferred.
—7..--100
7%
Deo
28% Jan
>•'.1
$6 conv prior
8%
Feb
2%
46% May
111% Mar 12
•"
7
SI
14
13
111% Mar 12
1
7;
:
7% Jan
99 V*. Jan
__8%^Aug^
IIYe Sep
Jan
7% May 20
Associated Dry
,'7-
7,- *25 Va 727" 7;
7:7•'
27
*98
•
7
14
3%. Dec
„
«
8% Jan
23
2,800
;
6
76% Jan
42% Mar 11
Co_7u——No par
Arnold Constable.; Corp.—.—-—5
Attloom Corp.77—-7-._--7.No par
1%< preferred.:.'———.100
400
/
6%
6V4
5%. Jan
SO
107
Armstrong - Cork
100
«
^
Dec
Dec
Se-
■7%
29% Aug
118%Aug.
Sep
2%
Sep 23
-
Dec
112..
64%
102
."
100
700
1
99
*82
G%
*70
27
*25%
4%
99
6Vi
68%
74
'
4 Vi
|
-
Jan
23 Va
;
Jan
7
22% May 20
Armour tte
—^1,600
■777
189
3
102
MidI'd-——No
Jan
Dec
Dec
14
par
Daniels
74%
.
Jan
Dec
3% Oct
Co (Del) pf 7% gtd--100
Armour ti Co of Illinois.-—7__-_5
200
: 73 V*
24% Aug
Mining^—--.-50
Miningu——20
Paper Co Incu—U———-5
P W
Sep
98
Sep
19% >Aug
168%, Jan
Dec.
70% Feb
•■'IB/-
22 Vs
i
3%
2
Aug 10'
52
*143
14
3 Vat Apr 29
38% Jun 23
Copper
A
30 Vs Oct
116% Jan
Aug 14
•3% Apr
par
Anchor Hock Glass-Corp.—.12.50
10,900
7V4
4Va'
6%
*66 Va
'7:':
*4%
39.
Anaconda W & Cable.......No par
,
10
7.4% Apr 15
Elecu-__No -par
43%
14
-
Feb
7 43% .-Dec
27
6% Oct
27
22
Apr 17
108% May 6
preferred--—-—25
:Copper
50% Jan
143% Jan
6
3% Apr
11% July
Jan
13 Va
Jan
115V*
8
49% Jan. 27.
24
Apr
13
81
7 -11% May
Aug 14
134% Jah
34% Apr 20
120
Preferred 7----—-i_u—7—100
:
-
28%
.'•'7*6%
29
33 Va Apr
B——iu_-j.-u.25
Woolen.._ru_No
Anaconda
•
i 300
50%
;
28%
7 Vi
99
6%°
6%
*6%
7
28%
4%
*0%
4% '7 7%'
*82
99%
6% 7
7 ,-7:
28%
7%
28%,
101% Apr
par:
preferred _7
1360
>
46%
*35
'
29 Vi
*28!i
14
$5 div-preferred——-.7—No par
.3 77
3
,
13
23
2
lst>preferredl_iii-—-_No1 par
$6
■
105%
105%
105
21% Jan
97 Vs Jan
17% Jan
Amer Zinc Lead & Smelt—._—— 1
*
3 Va
3
105
*104%
'•
1 480
7.
:
"
105
*104
Mar 26
,78% Mar 27
American
14,400
:
'
*1%
Deo
$5 prior conv
16.% 716 Va
t~
"*111
77: >;.7.
10
'
; ■>
777
*111
Dec
6%
Am' Water-Wks &
I 700
27%
:
••
u'L" '*
8%
:
4%
29 7V
;—
4
13
uu_—100
Amer Type Foundries Inc.
10
American Viscose Corp——-—14
7/ 5% preferred—17-u——100
46
27
■■
*28Vi'
,
60%
Feb
Common class
t6'/e
14,300
4%
:
"4%
*41 7
4!i
*16%
:
•: 4%
•
46 *.""'7
27 Va
27%
28
:;';'-77:,|—•
3 Ve
51%
3Vi
-
61
4%
•
*41
'
*46%
7
:
9,500
117
-
4%
60 Vs
■
>29
60%
51%
*48
46
27%
;
"
,
3Vi
3 Vi
4%
4Va
v
;
117
•
5
60%
4%
45
.28 Va
3%
48%
4%
60'%
60%
*41
'7->7 3Vi
3%
*115 Va
50
*28%
*115%
29%
"29
30 Va
117
L-
.4%.
4%
29%
*115%
7
8.500
6Va
,
•
-
Jan
Deo
11% Oct
Telep & Teleg Co*__—____ulO0
American Tobacco_^—i;-7_I_—j-25
3,200 >
f 140
28 Va
15%
12
•Amer
2,300
.43%
133
Jan
3
15
Jan
150*%
2
Refining—_w_i_100
Sep
54
Dec
6
20% Feb
155
Dec
7% Jan
Am Sumatra-Tobacco^i'__77_No
200
12,200
7
42%
42'
."42%
6 Va
I
34
Mar
29%
139
9% Jan
Co—
Preferred"/:_--^^.—__-—_—u_i^l00
v ■
11
138
Mar 14
144
-No par
Stove
American Sugar
•
29
.Stores_77i7,7rA"> par
American
American
700
I 300.
■
■
22
'•
44 Va
133%
■
,123% 125 7
.
16% Jun
1,000
87.%
42%
133%
6 %
125 Va
129
1
18%
87%
.
•*21% ' 22%
22%
44
134
134
'
1Z7%
42 %
42 3 i
43%
44
134
*22
130%
42 V'4
42
43 %
*133!«
"
22
22
23%
87%
136% Jun
1,500
.11%
Apr
•
Amer Steel Foundries-^——_No par
5500
>V
29
preferred.^—u—^-7-;_—i-100
8%
19%
19 Va
.
18% >18%
*87
American
*11%
,19 Va
"
■
". t
400
143
'
19 Tb
132% May 14
Preferred 7---i--r717—7__-_ 100
Snyff_-_7-:_--__-—__-__25
160
:
MMTU2
141
,.:*14L-:-l43%,
34% July
THETCOMMERCIAL & FINANCIAL CHRONICLE
Number 4117
Volume
LOW AND HIGH SALE PRICES
Saturday
Monday
Tnesday
Oct. 10
Oct. Vi
Oct. n
t per
*24
share
Friday
Sales tot
NEW YORK STOCK
Oct. 15
Oct. 16
the Week
EXCHANGE
I per share
I per share
24%
24%
17%
17%
17%
t per share
>24
24%
17%
17%
6%
113%
24%
17
6%
*13
6%
61/2
6%
6%
»13V*
13%
>13%
13%
9%
*13
*9
10
68
*63
68
*62
X9%
68
*62
*62
18%
18
17%
18%
37
37
36%
37%
84V«
84%
85
86
X86
35
35%
35
35
x35
35
*14%
14%
15
14%
15
22%
22%
22
22%
21%
>27%'
27%
27%
27%
21/2
2%
29%
35%
2%
29
29
*20
20%
8%
'40:
*33%
*34%
35%
>34%
26
26%
'/r 25%
2%
2%
30%
2%
30%
29%
20»/«
*20
20
1%
35%
35%
*hh
hi
1%
13%
13%
*13
56%
7%
56%
*1
*13%
14
2%
7%
109%
■'2%
57%
57%
57%
58%
21%
22%
22
*251/2
26%
25%
25%
25%
25%:
18%
18%
18%
18%
6%
109
22%
,,f18'/4
18%
6%
6%
15%
>14%
5%
0%
3%
1$%
23
.r ''23
L
5%
20%
3%
'■
>5- >>
3
5%
3%
3%
*3%
9
9%
8%
78
78%
14
14
14
14
20
:•
20%
%
20%
20%
20%
*52%
54%
*52%
*
u
7%
7%
7%
15%
15%
15%
15%
11%
11%
12
*28%
30%
15%
12%
30%
6%
5%
>32%
*28
■:
■
33
5%,
12%
12%
30%
t
/.
*32%
*28%
5%
5%
33
3 Va ; 3%
36
>34%
84%
84%
*35%
36
84%
85
27%
>27%
28
3%
.
.,27%
,.*2%
3%
2%
71
71
*125
3%
126%
*125
*2%
37%
38%
38%
23%
23%
War
3
2%
126
*125
38%
118%
92%
91%
7%
7%
•
*69
/
17%
7%
70
*16%
*69
17%
*1%
2
16%
2
"">*
*97%
98%
*97%
98%
3%
■t.
3%
3%
3%
13%
13%
13%
13%
:
„
2%
-V
*2%
3%
90
90
34%
34%
*1.7%
>17%
>
;
18%
*17%
:18
9
33
9
8%
34
*95%
7%
■:>'':
7%
96
7
7%
2%
2%
2%
2%
12%
.12%
12%
12%
*6%
6%
y:-?t 6%
6%
15%
16%
37%
38
,>6%
:
:
Ik
-i io
.37%
.
*49
*49
15%
* •.
*1%
1%
*%
11%
11%
*13%
13%
*11%
13%
13%
13%
13%
1%
1%
i%
1%
>11%,
-13
Mt.'.H%
>% V"
"
1%
*22
>22
66
65%
10%
10
24
10%
,
66
10%
98
,98
*97
43
*32
38
37
75
;>— "
iit
,
*
2%
110% ,110%
•26%.
110%
23%
*22
64%
10%
*97
43
*32
38%
3?%
'75
*_W
110%
:
*110%
74
*—
110%
28
27,%
100
*96%
80%
*79%
50
*48
43%
42%
42%
30% ' 31%
*145
J48
30%
30%
*61
65
>61
*560
148
78%
65
*560
15%
15%
*103
IS'/a
104
*103.
'
17%
17%
*105
18
106
16%
*105
16%
*3
16
3%
4%
4%
XV/*.
13%"
3%
4%
i5/o
4%
,
4
13%
13%
13%-
For footnotes
"13%
see
page
1391.
78
15%
104 Vs
15%
*103
18%
106
..
15%
104 Va
18%
106
17%
*105
15%
1,300
lio.
.
27%
%
,*79%
*48
-
.
.
14%
.
42%
31 r"
-30%
15%
104 V8
17%
J48
78%
65
;
78 V*
*6i.
.
.
>560
.
15%
100
15%
2,400r
100
17%"
2,300
'17 Va-
15
1,400
103%
,105
15
20
.
*101
106
1,400.
105
15
.
r
,
3%
.
3%
3%
4
4%
4%
',4%
*13%
13%
'13%" 13%
3%
620
4%,
3 V2
4%
..
13%
13%
4%
41/4
.13%.
13 Vi
4%
*3%
-
17
6V2 Mar
14
'14%
8% Jan
9
3% Jan
7% Deo
109
,12% Jan
Jun
i,18
Deo
;
Feb
x
3
Feb
6
7 % Feb
14
66
2%
1.76
Jan
5%
Jan
July
ls200
2,300
6%
5
18%
Deo
26% Oct
19% Jan
65% Jan
15
3
23%
Deo
10
9% Oct 13
1%
6
3% Feb
43% Oct
5
6% Feb
6
15
4%
9% Oct
30
,
13
76%
.82
110
7,7
6%
66
16
12
Jan
15
20% Oct
7% Apr
15% Deo
24%
Sep
51
Mar
,64% Nov
Deo
1% Jan
7Va Jan
14% Jan
17% Sep
51% Aug 13
1!
7% Oct
9
4%
Deo
7
9%
Nov
24
10%
Jun
2
26%
Deo
3»/4 Oct
Feb
,". 6 %' • Aug
39%
Deo
1%
Deo
Apr
3% July
32
Deo
41
28
79
Dec
92 Va
May
Oct
14
22
Apr
30 Va
Jan
3
Jan
19
x2V*
Jan
72
3%
43
Feb
87%
8
126% Oct
Deo
9
July
112
Mar
Apr 24
42
Jan
Jan
125;
12
Mar 10
2
Jun 29
14
116% Mar;
122% Deo
04% Jan 14
8% Jan
5%
71% Jan
3
23% Jan
27
2% Feb
x
Deo
10%
65
3
Deo
75
15%
Jun
17
1%
Deo
Jan
2
108%
Deo
115 Va
Jan
2
1
Deo
,' 4Va
Aug
4%
Feb
3% Feb 11
7
2
Deo
Mar 30
77
Oct
97
25
Deo
34'/a July
18
Jan
29
13
1%
22%
3% July
17
Apr
15% Sep 14
5% Apr 22
27% Apr 24
>
l% Jun
5
2
-
8% Jun
2
4 Va Jan
23
12
33
47
/{
Aug 11
Apr 28
July 16
3S2 Jan
2
2
J/4 Jan
.
:,w; Va Mar 23
8% Jan
2
11% Jun 26
3'
1% Jan
9% Oct
9
36% Jan 27
98
Feb
7
2
Sep
17
2% Jan 26
Mar
14
3%
17 Va Jan
3
39% Jan 21
37%
Apr
49
Apr
9%
Deo
Feb
Jan
5
% Sep
28
1% Sep
24
Dec
13% Feb 27
10% Feb
14%
2% Feb
6
1
Dee
Deo
3
10% Aug
3
8
Deo
99
Aug 18
92
Deo
26
9
34
Apr
14
40
3
Jun
6
2
25
38% Oct
72
?
Mar 10
29 Va
46 %
Feb
70%
Oct
85
109 Va
Dec
115
5
24
Oct
95% May 15
100 Va July 27
99
May
77% May 14
47
May 2
32% Apr 28
25% Apr 24
84% Mar 10
60
Jan 26
44
Jan
5
81
Deo
56% Mar 24
55% Jan 28
470
Feb 25
11% Mar 13
97 V4 Apr
—No par
25
10% May 7
96
May 1
13% May 21
% Apr'16
1
May 19
% July 10
8% Apr 17
8% Apr 24
-
preferred——.-.100
Colo Fuel & Iron Corp——-No par
Colorado & Southern.—.—
100
1st preferred-.
2d
Columb Br'd Sys Inc cl
,
63 Va Jan
9
Feb 25
470
48% Nov
Jan
132
14V4 Oct 16"
50
Sep
Oct
Mar
Deo
44%
148
Sep
Sep
Deo
106
Jan
78
60
Mar
740
July
10% Deo
18% Oct
84%
39%
100V4 Feb
18% Jan 26
4 Va Sep 22
5% Sep 22
5
Sep 21
14VaOct 16.
105
Feb
13
105
Jan
Aug
33% Jan
28% Feb
142
Dee
27
105 Va Jan 22
15% Oct
Jan
10% Feb
4Va Sep
40% Aug
Deo
Jan
22
Jan
Deo
29
Jan
27
72%
Aug
3:
139
^u«
Aug
Jan
3
148
Oct 16
80% July 10
Sep
"Sep
3
104%
112
36% Jan
Jan
% Jan
9%
11% Jun
Jan
May 11
%
8
8 Va May
41% Deo
22
July
19% July
44% Jan
64
July
A Feb
•A July
:
20
Jun
3
11% Nov
8% Jan
Deo
1V* Sep 25
52
10
28
Feb
"
1A
3% Mar
13
67% Apr 17
107 V* Jun 15 ;
Jan
1% July
6% Oct
1% Mar
Oct
2% Mar
44%
*
Sep
Oct
Jan
102%
Deo
Dec
Jan
18
Dec
A
Jan
May 12
21%
22%
5% Deo
31%
Jan
107%
Deo
16
13% Sep
6% Oct
5%
Oct
93
July
Apr
37 Va Jan
14% Deo
8
■7% Sep
15
95%
66
32 V4 Sep
—100
'
—100
preferred—————106
A—.—2.50
B—;————-———2.50;
5
14
25
9
Colgate-Palmolive-Peet——No par
$4.25 preferred——.——No par
4%
6
Oct
Jan
2
—
4%
Jan
18
May 28
92
Climax
Collins & Aikman—
19
100
43% Jan
"20
CQ (The)—,—I
Molybdenum——No par
Clueit Peabody & Co—;
No par
Preferred
————.100
.CocarCola Co (Tfoe)—.—No par
Class -A——r——No par
Coca-Cola Intern Corp—.—-No par
8
16
Apr
% Apr
2% Jun
Oil.—-—-—10
CO—25
Apr 27
.
Deo
4
Deo
3
14% Jun 26
Jun
Sep
22% Mar
3% Oct
110
2% Oct
preferred..—..——
conv
120% Jan 22
29% Oct
89
Sep
Jan
60 Va July
~29%July
<Deo
3
93
23
29
17,
12
Feb 25
Apr 27
2 V* Apr
93
Jan
Jan
28.
Apr
Apr
Apr
Aug
l%Jan
.
Jan
.40
Deo
32%
5
89
3
9
37
IVa May 27
90
Jan
July
9
15% July
100
15% Oct
16
Jan
Feb
2
Clev Graph Bronze
Class
11%
28
Chrysler Corp_..._.-.————5
City Ice & Fuel———No par
6 % % preferred——
—100
City Investing Co—
—100
City Stores—
r5
Clark Equipment
—No par
,c c c & st Louis Ry Co 5,% pfd —loo
Clev El Ilium $4.50 pfd——No par
-
4%
Deo
1 % Apr
preferred-——-.,
5%
Dec
6
23 V» Jan
Chile Copper
5%
Jan
Aug
2%
5
Jan
Sep
6% July
23
Deo
1
2Q
14
2
18
54% Apr 17
Sep
25
Deo
18
21% July 21
3% Jan 14
10
9% July
4%
Deo
14
Apr
77
Apr
22% July
2 V* May
Sep
20% July
56% Nov
>
Deo
Jan
35%
'
14
24% Feb
95
34%
15% Deo
49
May
6% Deo
1V4 Jan
32
117
6% July
'
Jan
23
2
1% Feb
■
Dee
15% Mar 30
products-J——^...-1
Chlckasha Cotton
370
14 Va
Sep
23% Mar
1
112% Jan 27
6
71% July 24
10
Jan 10
Chllds Co,.—No par
1,750:
4%,
14
Dec
4
14
2% Apr
'
4%
13%
13%
3%
11%
preferred...——.-160
100
t 6 % preferred^—100
Chicago Yellow Cab..——No par
7%
20.
900
'
3%
'4% Sep
1% gtd——50
Speqial gtd;4% stock——
2,400
2
Jan
19% Feb
Clev tt Pitts RR Co
80 Va
.50,
42 V4
16
13
Chicago Pneumat Tool——No par
$3 Oonv preferred—No par
pr pf ($2,50) eum div—NO par
Chic Rock Isl 6c Pacific
—100
IOOF
148
65
15%
15%
37%
99%
78%
*61
*560
3~600
300
148
104%
18
*105
16%
37%
.80%
.
78%
62
..
3
50'
*145.
78
62
*560
43
*96%
'42%
i
97
20
>26%
*48
78%
1,300
,75 •,
va
110% 110%
•
27
10Q
*79%
>144
12,100
*
:
110%
50
42%
31%
97
75....
110 V*
80%
79%
10 Va
3
*79
*78
50
65%
*32
.
,
37%",
37
37%
'
3
2%
*48
148
23
64%
"
50
*143%
1,700
,.
43
2%
*27%
31%
600
.1%
10%
65
98
>2%
100
32
13%
1%
10%
*32
2%
27%
*31%
700,
•
99%
42
,%
23
98
99%
42%
1~300
1,700
11%
23
65%
27
42%
%
1%
:
*13%
•
80%
*48
600
*11
■
;
CO—.—_50
preferred/—--.50
Chicago Mall Order Co-———5
2,700
■
Jan
2
Sep 25
18
5%
100'
15%
■'
11%
.
10%
98%
98%
7%
50
%
*97
,
28
>80
*11-
10
43
2%
*36%
2%
100
1,800
10,300
37%
*%
14
95
6%
A
1%
Sep
37
2
2% Jan
Chicago Great West RR
32
Jan
14%
Jan
34% Oct
3,300
-1 % '
/
65%
99
*32
39a
1
*22
65%
.
1%
1%
6%
Dec
3b
6
2,800
-■1%
•/■' 1 1
,v.',
••
Deo
7
16
2
4,600
J,
'
%
*11%
''
'
6% Jan
40
6%
"
1%
C
>%
X
7
Jan
July
Cham Pap &
70Q
96
1
Apr 17
63
Chain Belt Co——.—No par
15
%
1%
i
6% prior
30
34
>49
9
45% Oct
2% Aug.
9% Feb
Jan
>6%
50
IV* Jan
82
200
-1%
7%
Apr
% Dec
27
100
V:
8%
'
38
35
8
14% May
u
2%
37
*49
r
ICent BR of New Jersey——100
12%
z■•■/:.
15%
37
50
5% Sep
11% Sep
2
16% May 27
19% May 1
'
Central Violeta Sugar Co
.;400
;
37%
15%
38
2% Apr 24
47% Jun 10
Foundry Co__———^1
Central HI Lt 4%% preferred—100
900
.
17%
1%
3
13
•
Central
2%
.
Jan
% Jan
43
Apr 29
Apr 23
.6% Aug 21
103% Mar 12
x
No par
Central Agulrre Assoc
200
12%
1%
v
:
:
15%
1
preferred—--100/
5%
Certain-teed
•
2%
*49
Jan
Apr 21
30rp 0
1,470
33%
*37
v;
50
41
7
series
3.200
*95%
6%
Deo
28% July
1
9% Apr 17
-.100
Fib Co
-No par
preferred ——.-100
Checker Cab Mfg--.—'
•——5
Chesapeake & Ohio Ry.—:——:.?5
Preferred series A
100
Chic & East JU BR Co.
No par
Class A——..-v.u——...40
13
*6%
■
23%
-100
2,200
8%
7%
2%
>12%
13
A APf 18
Celptcx Corp———par
130
18%
34
'•
7
..
2%
12%
;
33% Oct
.-.-1
2%
96%
1%
2
-100
28%
17%
95%
Jan
Jan
16
5%
20
*95
l%
25%
--.5
3%.
*17%
-95%
1% h 1%
Deo
par
33%
8%
33%
34%
*95%
1%
8%
14%
37% Feb
Steel Co_...——
Carriers & General Corp—
Case (J I) Co.
preferred
2,300
96%
>95 V
10
29% May 16
120
V
17%
17%
-
8%
33%
96
1%
.
96
Oct
-.25
-No
Carpenter
'
34%
>95%
1%
7%
18
95%
Jan
21
3
2%
18
*17%
18
>
96
Deo
12%
5% Oct
—.1
20
90
33
V'
Jan
17%
Deo
2
Century Ribbon Mills
No par
,: Freferred
100
Cerro de Pasco Copper———Np par
2%
29%
96
8%
V
.18
2%
28%
39%
Dec
6%
5% Oct
28%
33%
X33 Ve
2%
29%
Deo
16%
6
2
40
■;
5
Jan
,—10
1,200
2
90
3% July
30
2
$3 preferred A
—-—
Carolina Clinch it Ohio,.By..
140
98%
i *2%
Sep
Sep
21
20% Sep
9% Jan
3% Jan
Capital Admin class A—r—.
600
3%.
Jan
23% July
30% Jan
3% Jan
100
400
13%
28
54
Mar 10
9% Apr 25
300
:
17
13%
90
2%
*17%
'
13
.100
Canadian Pacific Ry
Cannon Mills.——.
13,900
4,500
3%
■
9
Oct
3
12% Sep
Canada Southern, Ry Co.—
7%
:
27% Oct
—5 /
710
,/*971/4
3%
*89%
29%
>17%
-^96
1,600
69%
2-;
■■■
2
25
.W,l"
90%
,
21%
30
prior preferred——100
7 % prior preferred—^—-.—100
7% 2d preferred————
100
*16%
16%
2
.
*69
Deo
18% Dec
16
Apr
Va Feb
'
Caterpillar Tractor—_.———No par
;
Apr
17
11% Jan
.
'260
7%
7%
69%
38
7
—No par
Campbell W b C Fdy.
...8
Canada Dry Ginger Ale-
Calumet & Hecla Cons Cop
Zinc-Lead—..—
118%
92 '
91%
5
7.
22% Oct
2
....
118
111% Jan
17% Jan
2
Packing
preferred
2,600
118%
*91%
91
35
Deo
40% Jan
14
1,000
125
*89%
Oct
89
28
.VaJun
5% Jun
24%
91%
25%
.
16% Jan
4,600
39%
24
90%
~24%~
38% Oct
.60% Apr
5 %...
71
125
95% Feb 16
May 29
par
Callahan
V 2%
2%
*69%
Sep
Jan
-.50
-No
California
128
3.
24%
26
—10
3~800
84%
*27
Apr
conv
2,300
'
3....
84%
>
12%
Jan
15%
Bldg 7% preferred—100
200
37
71
70
39%
3
*118% 118%
70%
17%
28
71
91
7%
*69
•
85
*27
700
33
*35%
91%
90%
.7%:
3
*84 Vz
33
37
•>' >
38%
91%
;118%
*90
*2%
*35%
•
30%
5%
5%;
.'
i
,
21% Jan
preferred—
—30
Butte Copper- &; Zinc..
—.5
Byers Co (A M) —————No par
Participating preferred.:.—.-100
Byron Jackson Co
No par
5%
110
..
*28%
5%
33
85
—23%
>90%
*118
5%:
*32
125% .125%
38%
23%
30%
28
71
126%
12%
*28 V*
3%
28
3
*12%
Mar
May 22
7% Jun 29
..——100
Butler Bros.—
1,700
■
-
.
—
Bush Term
900
'■>
7
7.;
15
14%
>■
12%; 12%
7%
preferred
500
20%
•54%,
%
15
36
*84%
2%
7
14%
32
36
71
71
•
5%
32 v-,
% >'.■%;
.
7%
15%
..
;
6%
300
.
20%
3%
■
90
25
par
440
9%
*77% .79%
*i4. ,: 14%
54%
>51%'
54%
%
:
14
,
20%
20%
,
'
3%
1,800"
v/;':-' 30
24%
'5%
*20%
Des
Burlington Mills Corp—
-1
Conv pref $2.75 ser
.-No par
Burroughs Add Mach—
No par
Bush
Terminal——_———.1
8,600
-
70
per
Bulova Watch—————No
200
3%
23 ..'j
23 ■.«/•
No
:
1,000
.
.
Apr
X15
Forge Co——1
Bullard Co——
.—.—No par
1,100
42
Oct
70
Buffalo
9%
3
>40
: 77%
14%
9
9%
43
Wheel..—
Budd
1,700
.
1
55
■
5%
X77%
'■
55
18%
17
1
£;\
18%
55%
10% Jan
Deo
Dee
par
3",300
26%
20%
79%
7%
*25%
*5
.
'
/
26%
18%
>20
79%
.
5
6%
15%
5%
9%
*52
400
"
4
6%
*15
20%
*20
9%
;
61%
22%
23
*3%
3/,
.60%
*40
23
3%
9%
54%
60
3,900
3
*9%
20
3,100
.v.
>'2%
21%
9
3
14%
>51%
7
109%
2%
25%
43%
79%
■•14'r
"100
;
21%
*55
9%
*78%
'
18%
9%
3
43%
5%
-,
21%;
56
9%
3
43
*
9%
,
*55
20%
:
1,100
'
15%
55
23
20%
7
*108
6%
*14%
3
>
~500
;
"
*54%
>41%,
5%
6%
15%
i" 9%:
23%
•.
1
/ 9%
14
7%
21%
3%
200
30
2%
21 %
9%
*
Manufacturing..—..No
Deo
10
,•
Briggs & Stratton..———No par
Bristol-Myers t Co———
1-5
Brooklyn & Queens Tr—No par
Bklyn-Manh Transit.———No par
Brooklyn Union Gas.———No par
Brown Shoe Co—No par
BrunsiBalke-Collender..—No par
Bucyrus-Erle Co—
-5
7% preferred——~——100
Budd (E G) Mfg-...--—".—No par
7% preferred—-—.-100
hX
*29
6%
42
Briggs
500
'
1
9%
•;
0%
109%
57
hh
29%
2%
*14%
20'/a
1%
9%
6%
2%
5,900
>
5
13
Jan
19% Jan
5
Bridgeport Brass Co—.—No par
15% Deo
-1% Jun
Brewing Corp. of America———.15
!35%
35%
*13:
'6%
r.-,i
■-
*
*108%
109
.
36
*29
/ 14
151/4
.3%
36
hi
9%
2%
Bower Roller Rearing Co—
100
1,800
•
10% Jan 28
7% Jan 14
31% Aug
23% Sep
12
30% Apr
(The)—
—..15
BorgrWamer :Corp-*.—5-..'
Boston & Maine RR—IQQ' ■
'
6'/a
■
*33%
35%
*4i
1%
'•
*14Mi
'V
21
*33%
29%
109
>23
20%
33%
1
9%
*£08% 109%
2%
•: *2%
3 '/a
8%
Highoot
I per share
Deo
13% May 20
18% Mar 31
-1
Co
1,000
201/4
20%
v
Inc.
21
5
72
:
——————Np par
Stores
Borden
3,300
'
30%
"
8%
20%
*34%
13
33
7
9
V, *19
8%
20%
*291/4
7%
Class B
Bond
Oct
25
Apr 30
58
6,200
;>
C;
2%
26
'
*291%
,
20
8%
9%
13%
4,2
30 r
8%
29%
7
390
27
>29%
*13
"'?■
.
/ '3
35%
/
35
2 %
"hi
9%
35
2
# per share
July 15
13 % May 20
25
May 2
Jar
00
Bon Ami Co class A-..——No por
:; 26%
;
1
Year 1941
Lowest
14% Jan
8
40
70(1
33%
9%
55
35
-
Range for Preview
Lotf
$ per share
H% Apr 29
5
Sep 21
11% Jun
3
par
-.5
...
1.°°°
i;
/
90
4,500
30%
•1
35%
*86
15%
33%
30
,
86
100-Share
Highest
18% Apr
...5
Boeing Airplane Co—„
Bohn Aluminum A Brass——....5
21%
20Vi(
>34
35%
351/4
;•>
*80
6~G00
17%
15%
20%
*29 >A
55
17%
.21%
15
'
'56%
17%
Co.———No
Bloomihgdale Brothers—..—No
Blumenthal & Co preferred
68
15
33%
P}
1%
9%
*62
"120
21%
21
hi
n
65 "
~
15
20%
35%
*U
,
10.,
8%
21
■'
*9
21%
9
20%
10 '
Blaw-Knox
Bliss & Laughlin Jnc
21%
3
>20
1,400
13%
of
t per share
Bigelow-Sanf Ctorp Inc__
No par
Black & Decker Mfg Co..—No par
1,300
6
>12%
Basis
Lowest
Par
300
17
6
:
On
Shares
24%
17
6%
13%
17%
86
35%
:
6%
17% ■17%
*24
17%
*9
10
■"9
Range Since January 1
Thursday
Oct, 3 4
$ per snare
24%
171/2
STOCKS
Wednesday
24
# per share
1383
11
Deo
63%
740
16%
106
30%
105% Deo
114
12% Deo
% Deo
20
Deo
1
% Deo
11
11"
Nov
July
Sep
Nov
Jan
Mar
Jan
1% Jan
3%
2%
Aug
Sep
Dec
21% Jan
Dee
21
Jan
FINANCIAL CHRONICLE
THE COMMERCIAL &
1384
LOW1
Saturday
Monday
Oct, 10
1%
$
1%
':'1%
1%
y
1%
Par
25,100
1%
Columbia Gas & Elec
■40%
40%
40
40%
40%
39%
40 % •»
40%
40 %
2,400
.6%
"35%
36%
'36%
37
*35
37
*
36%
37
36%
36%
420
5%
77
75%
75%
3,100
Columbian
10%
5,600
Columbia
40
73 %
75
75
77
*75%
76%
*75%
10%
*
*
10%
10%
11
10%
10%
10%
*33%
23%
23%
34%
*33%
34%
*33%
23%
34
334/2
23%
23%
23%
23%
__
*100'/a
•V
105
9% :
105
*100%
v'28%
28%
>104% ,110
28%
\\
9%
s
74
113
*105%
107
9%
'
10
10 74
32%
.
32
'1
A
32%
'
21
:
21%
21%
21%
21%
21%
*2%
2%
*2%
"2%
:lV *2V4
157/a
15%
15%
15%
1534
19%
16
20%
*10%
10%
10%
10%
10%
10%
''
19%
19%
19%
19 74
•
'
"*10%
15%
r
*86
•*90 '
89
90%
,
89
90
89
X8874
90%
•
88%
5%"
5%
5%
*88%'
5 %
88
'
*88%
90
10
90
30
5%
15%
88 v.
5
5%
5
•V V:
%■•
■
6%
'
'
*7
*2
-
7
,'86% '•*86%
;
'14% "14%
;
34
'86%
14%
•
'
15%
88
88
>
7'/a
34%
-.
86
3%
3%
•••
:
*
7
Consolidated
13
64
Deo
83
July
21%
2
2474 Sep
8
16%
Jun
2 8 74 Oct
13
105% Oct
15
101
31 '
Mar
Dec
10474
Oct
37%
Jan
Dec
•
7.74
Aug
Dec
19%
100
28%
1074 Oct
8
J4 Jan
8
Vn
6
39%
Deo
1774 Apr 29
17b Jun > 3
2374 Jan
8
20
Dec
374 Jan
7
12% Apr
i:
1674 Sep
26
11% July
Deo
44% Jan
Jan
110
Dec
26
i.
15
Jun
22
•
.
Dec
IS
30%
18%
Dec
18%
21% Mar 25
Jan
Jan
4
2% Nov
13%
Jan
65% July
•
May 20
Oct
Apr
96
24
2
29
;
7%
4% May
8
8
Aug
23%
Dec
Dec
11% Feb
28
Dec
15%
Jan
Feb
24
77
Dec
97%
Jan
90
May
974 Aug 15
74% Aug 19
89
83
—5
No
Y_—L.
9774 Feb
774 Jan
14
25
,1574 Oct
9%
3
11
Apr 20
4
78
Apr
i
2
Apr
174 Jan
14
7
;
;
94
9
74 Jun
—1.
Corp_J„„No
Sep
1174 Apr
par
-No par
—
Oil
Oct
103
Jan
•.
Industries—.
Film
Apr
Oct
32
Consol
100
18,600
•
•
72
11
2
7% May 12 *
$2 partic preferred—,—— .No par
Laundries Corp_L— ——5
200
V
•:■■'■.,
2%
"•
67/8
of N
Edison
$5 preferred
Consol
200
77/u
*2
*4%
•••••*7
•
2374
Jan
Dec
10774
Jan
7
%
1% July
Dec
11
Jan
8
7
Dec
2% Sep
19
1%
Dec
3%
Oct
10
5
Dec
6 % May
8% Jan
13
%
Feb
9%
274
Feb
9
3;
474 May 13
7
374 July 30
par
Dec
X82
16
Jan
Deo
11%
13
Jan
A
8% July
4%
85%
-
15..'
15 Va
•:
700
■"•7%
Consol
Consolidation Coal Co
100
6%'pfd
u———25
474 Jan
8% Sep
?
34%
100
-100
22
Jan
21-
36% Sep
3
22
14
July
Jan
86%
210
tConsumers Pow $4.50 pfd—.No par
82
May
2
96% Jan
15
93
Dec
15 %
15%
6,000
Corp of America-—25
.No par
Continental Bak Co—
1174 July
6
15% Oct
13
11
Dec
29
,3% Oct
16
;
•
•-
-
5%
*
3%
374
»
l—_
Container
-
3%
preferred
conv
9,000
•
2 74 Apr
I
2%
Nov
7% July
Doc
86%
86% L
3%
Cuba
RR of
300
5
*32%
6%
*32% E-34%:'
%
15%
15%
3
Consol
1,200
'
7
474 '•■4%
7%
*32'%
15%."
77/a
8
•' -2%:
•
f
NOV
34% Oct
•
No par
Consol Coppermines Corp_—
20,600
>7 %
-
*
'
42%
'
'*85%
.
%
1 #
6%
4%
'4%
■•;
86%
3
3%
.
*
*2
-
'!■'
7%
34
''
3%
4%'
7%
7%
*34 k". *35%
■
15 Va
*7%
2%
x6%
'•
•
*
%
15%
88%
•
8
;2%
2%
7"
4%
4%
%
%
*7%
7%
"
6%
7 /
■-
*4%;
1
7%
8
2%
,
■'
Jan
7
21% July 31
Nq par
-
5,700
15%
88
,
'
*
%
-
,
5
'
;'
600
.
88
15%
87%
10%
89
82%
:8
2 0 74 Jan
No par
Consol ^Aircraft Corp
——1
Consolidated Cigar
—__No par
7% preferred—i
*.
100
6% %
prior preferred^,,—.
100.
10,100
Jan
Dec
Jan
9174 Apr
Congoleum-Nairn Inc
1
15%
5%
15
1.5 >' :'■•15%
: '87
3,200
,
19%
'
10%
'
*'87
15%
4%
43%
77
Mar 16
No par
Conde Nast Pub Inc—
share
Dec
6
3
100% Mar 17
Co——25
Edison
100
1
Highest
t per
Jan
1674 Jan
100
:
t per share
45% Jan
1
5 74 Jan
24
No par
—
Year 1941
Lowest
share
1% Jan
54
14/;
51
\.No par
preferred series
Commonwealth
6,200
;
•i-
2%
I $6
Range for Previous
Lots
"
Commonwealth & Southern—No par
•
'
P
■'
21%
*86
J 89
*85
—
19
10%
'
89
*87 %
3,500
S per
4
Sep
par
preferred—-.
Sep
29
par
Credit
conv
1
No par
_10
Commercial Solvents
37,500
"•
No
——No
$4.25 conv pf ser '35
4,700
Lr
=: ■: 21%
2%
20
*5' 19 %.
9%
Co
Comm'l Invest Trust
100
31%
'30%
31%
21%
;•
2%
15%
15%
31%
4V* %
100
3,600
-A
Sr
2%
21%
«2Vz
a
32%
'
9%
'
•
r»
1
,
110
100-Share
Highest
30 % Sep
—100
,100
preferred
Commercial
3,300
28%
28%
*104%
10
aa
32%
33 '
A
105
*100%
28%'.
105%
9%
„
.
:ta
23%
Carbon
Pictures
conv
of
$ per share
No par
preferred series A-L
preferred—
$2.75
34%
23%
101
28%
105%
rt.
T
*34
34
23%
101
105
,28%
28
107
*104%
9%
*100'/a
28%
10%
10%
Basis
Lowest
'
~
Shares
1%
1%
1%
1%
I per share
share
Range Since January J
On
STOCK
YORK
EXCHANGE
the Week
Oct. 16
t per
$ per share
NEW
Sales for
Friday
;
Oct. 15
Oct. 14
snare
per
Thursday
Wednesday
Oct. IS
I per share
I per share
'
t
STOCKS
SALE PRICE8
HIGH
AND
Tuesday
Oct. 12
Monday, October 19, 1942
July
30
10674
Jan
16% July
5%
Dec
Aug
'
•'
'97%.
97 %
•24
97%
97%
24%'
*96%
97%
23% .24
24%
25%
6%
6%
'
6%
*6% :r 6%
f
39%
25
*47%:
48%'
35%
53
35
.
13%
13 %
13%
95
95
''
•'
95%
16%
.-16%
7%
7%
7%
Continental Steel Corp^
700
49%
*47%
Copperweld Steel Co
Conv pref 5 % series—
35%
35%
53
52%
177%
3%
-174%
*176
74
13%
95%
95%
95%
16%
16%
7%
*16
*7%
8
18%
17%
40%
*38%
117b
84%
84%
84%
84%
*83%
84%'
33%
34 %
33%
33%
32Va
75%
9%
73 %
75
74
10"
10
99
*95
99
95
.85%
*80
85
*80
11
*10%
1074
19%
*18%
19
100
*96%
1%
6%
:
*
100
*96%
1%
1%
10%
*18%
1%
6%
1174
'
1,200
>
7
*83%
85
33V4
•
so
;'
4,400
32%
400
*73% "75%
'
10
•
*93
98
*93
99
*80
85%
*80
85%
*10
'.10%
'
19
2 '
10%
*974
*18%
*18%
-L
19
*96%
100
i 'E
: v-
174
17b
.
100
i%
i%
.
24
18
*22
-—48
8%
23%
2674
2674
_Jh%
20%
20
20%"
19
19
8%
8%
8%
23%
18%.
24
*63%
*63%
*90
95
*90
95
*90
27%
8%
; 8%
23%
26
24%
-18
23%
■
*90
95
*90
95
23
2374
—-
1874
Jan
Deo
56%
52%
17
5574 Jan
9
42%
Apr
x54
D(?c
Oct
2
Mar
182%
Jan
374 Jan
5
—100
—
.—100
preferred—
2
Corp (The)
179
17
2%
474
Jan
Dec
74
Jan
14
Jan
0
11
Dec
19%
Jan
85
U July 15
8
A
15
9574 Jan
5
88
Dec
107
2
1674 Oct
9
10%
Dec
19
Jan
5% May
14% May
i;
Mar
17
474
Jan
9
July
19%
Feb
5
15
Dec
27 74
Jan
41
Jan
8
38%
Dec
45%
Jan
10
Deo
15%
Jan
80
Dec
04
Oct
28
Dec
47% Jan
Dec
98%
8
9
Apr 27
77
May 19
No par
23% May 20
12% Sep 25
88% Jan 15
Jan
3
36
63
79% Jan
2
1374 Jan
174 May
Jan
27
3%
13
140
Jun
3
2
85
Sep
1
5
Jun
29
100
88
Jun
74% Jan
_30
—No
*3%
-11
11
8
*3%
3%
*16%
1774
*16%
10%
10 7«
*3%
*107%
108 74
10%
"107
108 74
8
8
16%
Jan
Dec
25
Jan
Dec
99
Deo
2
Oct
14
74
Dec
1374 May 19
27% Oct
15
13%
Dec
12
2074 Oct
15
10
'ii Jan
2
Jun
30
574 May 20
9V4JfttV
874
22%
22%
2274
22%
29
22%
*107%
108
,
1,500
%
Dec
29%
Jan
92
Sep 24
80
Dec
90 L
Aug
24
25% Jan
80
Jan
19
Jan
17
56
Jun
3
42%
Feb
47% Mar
1274 Jun
22
1774 Jan
14
14%
Dec
20
2% Apr
15% Jan
374 Jan
10
2%
Deo
7
17% July 9
1174 Jan 19
14%
Dec
18
Sep
6%
Apr
11%
Oct
2974
29%
29%
2974
*29 V\
29%
1174
*10%
1174
1174
11%
*10%
1174
10%
10%
1074
11%
10 %
10%
10%
10%
474
4%
4 74
3%
4 74
4
3%
6
34,
%
'
16
1674
15%
- 18%
1874
1 874
18%
18%
*24%
24%
*24%
25
24%
24%
*37
38
3774
38
38
38
v,v-
*74
,.'
10
•
*
15%
16%
37
V,
•
8%
'
20%
*85%
8%
36%
3674
36%
22%
22%
9%
x86
8%
22%
36%
10
9%
69%
•
120
*874
9
2174
21
86
86
8%
3674
36%
3674
22%
9%
121
24%
*37%
874
22%
2174
874
9%
6974
69%
121
*874
2174
86%
8%
22%
69%
.
21 %
86%
9
119%
874
/-
2074
86%
*8%
•
8%
21
*18
69
120%
'
10%
10%
67%
69
119
121
24
24%
38
.
,
18
1874
::;:*37%
9
:
21 %:
*874
2 0 74-
f
*85 V4
86
.
9,000
4%
13,700
%
i"o
16%
8,400
30
18
20
9%
11% Oct
13
6
Delaware
87
36% v
36%
36%
21%
22%
1,000
10%
300
10%
6,300
20
Raynolds A
—2
Diamond T Motor Car Co—
Corp-Seagr's Ltd
No par
100
pref with warrants
5%
Dixie-Vortex
Class
——No par
Co—
-No par
A
Doehler Die
par
preferred——25
Casting Co———No par
5%
1
'*9%
16%
5%
5%
10
*116
*116
16
■574
5%
10
10
120
124
1674'
1674
*9%
*116
120
*1574
16
6%
120
6
*9%
10
1574
600
6%
4,700
Dunhill
200
Duplan
■
*116
*974
120
127
12874
130 74
129
129%
126
126%
126%
126%
126
126 74
126%
126 %
*117
118
118
11774
*116
129
*125
11774
28%
*3%
"138'4
*117
2974
20
■
3 74
170%
20%
28%
29%
374
3374
140V4
139
141
171
172%
374
140%
140
*33 %
*117%
118
172%
172
172
3%
3%
'
28%
374
138
*170%
126%
*125
11774
2874
2874
10
Dresser
120
8%
Mfg Co
International
400
11774
70
preferred
Duquesne Light 5%
2,300
Eastern Airlines Inc
29
374
3%
600
139%
139%
1,300
*11%
11%
*2874
29
12%
13
3374
3374
3374
33
172
172
173
*11
11%
—
11%
11%
11%
28%
28
2874
29%
12%
7/«
12%
12%
12%
28%
12%
3374
33%
11%
11%
11%
29
28%
29 74
1274
125/4
13
1,400
*
400
3,100
Jan;
Dec
23%
12%
Dec
20%
19
21
Dec
29%
Jan
39% Aug 24
33
Deo
41
Jan
10%
Jan
5
6%
Apr
974 Feb
9
14
12% May
18%
86% Oct
13
65
Dec
86
Jan
Feb
13
7
May
18%
Not
36% Oct
13
Dec
37%
Oct
May
23%
Jan
9
32%
23% Aug 18
17
13% Jun
x9%
6
Dec
70% Jan
6
59 %
3
ylll%
Sep
16% Oct
13
12%
Dec
274 Apr
28
Dec
120
July 27
105
Aug
102% May 20
144
Jan
2
136%
Dec
120
126% Jan
7
120%
Feb
127
Dec
118
6
111% July
118
May
--10O
20
No par
Feb
26
Apr 24
111% Mar 14
16% Apr
2% Jan
100
—4
2
—5
3
(The)
Boat—
——
Jun
Dec
112
Bros Stores Inc
Jan
23%
6
10
1
79
141% Jan
2%
8
—
17% July
14
Jan
1st pfd——100
Dec
Jan
20
6% Oct
8
preferred—
Auto-Lite
14
Sep
2174 Oct
124% Jan
& Co—
Apr
27% Jan
9
Eaton Manufacturing Co
Electric
1674
16
27
13% Mar
108
3,200
7
1874 Jan
May 21
5
Edison
Sep
Apr 29
Apr
July
6% Aug
% Aug
Feb
A
Oct
7
1674 Apr 23
No par
Electric
14
2%
1% Sep 22
Jan
32% May
Mills
cum
Dec
4% Jan 27
37
7% July 17
(N J)
6%
Jan
21
6% Aug 24
16% Mar .7
Jan
Aug
1874
5
18
Apr 28;
33% Apr 2T
70
30%
Dec
16
Oct
14
Rolling
100
33%
1474 Apr2
37
Eastman Kodak
■
33%
(E I)
$4.50
Eastern
2
Apr
95
preferred—
6.200
3%
Jan '
2% May 21
Va Jan 23
—.No par
127%
Du P de Nem
7
Sep
27
51
——No par
—1
Corp—_—
12574
139%
Jan
2874
-No par
Douglas Aircraft—
Dow Chemical Co—
6
6%
10
114
Sep
Feb
No par
1,500
1,100
15%
16%
5%
18%
No par
68%
11874
"
16%
4% Apr
8
Dome Mines Ltd
67%
118%
68 %
120
No par
;.
Match—J— a—No
partic
Distil
200
2174
10%
&
6%
300
8%
...
100
.
Detroit Hillsdale & S W RR Co—100
Diamond
300
—50
6% pfd
Edison—
Detroit
par
Hudson———100
&
Delaware Lack & Western
600
*8%
8 %<
6
11% Feb
400
3,900
109 »/a July
2974 Oct
24
'
;
9% Apr 25
.38
9
8
10
—No
Deisel-Wemmer-Gilbert
Devoe
2174
Jan
July
5
380
)
110
14
1
Inc——^—
Co——
JDenv & R G West
37
16
Preferred ——————————20
900
200
10%
3%
74.
"A
16%
j iv
16%
74
16%
18 %
;
*74
4
16%
.
v
Mar
8% Jan
&
2974
102
4
Aug 12
24% Jan
Deere
*1074
pfd—100
8
16
Records
8,200
11%
Sep
Feb
24
Jun
18% Apr 29
25% May 12
Decca
2374
28%
Co.
Dayton Pow & Lt 4%9i
3,600
28%
10%
12
18
25
(The)——1
preferred
Chemical
8%
8
*10%.
'
5%
Jan
34%
Dec
44
Stores Corp—
Conv
2274
22%
v
Davega
Davison
45
Dec
6%
«
1% Jan
8
CutJe.r-Hammer Inc
200
3%
11
Dec
Sep
No par
600
1774
11
8
8%
8
774
.
*16%
•
Dec
No par
$8 preferied
*16%' '1674
-
10%
108'%
11
107 a
;..v
22%
:
*374 '3 %
1774
3%
*10774
8
22
1674
*1674
177b
-
108%
;
1674
374
17%
*107%
16%
*16%
3%
*16%
17%'
17
Sep
77
12%
14
'
16%
16%
127%
Feb
98
100
pfd
Feb
12
13 % Jan
'
1
A
72
41%
26
18
—-1
8%
Jan
Mar 14
Feb
-No par
Jan
13% Nov
Feb
98
8% May 29
13
90
par
'
V
Jan
,1974 Sep
■
5
100
-No par
73%
14
9
874 Jun 26
100
:
;
25
Jun
100
Inc.—
;
Jun
Mar 27
-
Dec
12% Jan
10
—100
Jan
17
2% May 22
32
preferred
Cushman's Sons Inc 7%
170
n Apr
1074 Apr
No par
Prior preferred
Curtiss-Wrighfr—^
—
Apr
100
preferred
Class
159
1
1
Corp-^-l
Packing Co
4%%
Sep
42% Apr
—25
conv
V
-25
Preferred
1,800
95
*65%
*65%
-17,500
Deo
48
3
Deo
Curtis Pub Co (The)
1,600
87b'; r8%
87iT"~
237b
24
*65%
„
TC
•'
570
26%
Jan
5
30
28%
—a.—
Press
Cuneo
44,300
24
24
Cudahy
a.
—
'
24
5%%
900
-19%
*96%
23%
12% Jan
Mar 13
15
Preferred
20
Apr
974
19% Jan
51% Jan
Crosley Corp (The)No par
Crown Cork & Seal——1—No par
$2.25 conv preferred-J-—No par
Crown Zellerbach Corp—
-5
—-
15%
Nov
45
Cuban-American Sugar
1,200
23
Sep
27%
35% Oct
$5 conv preferred
Crucible Steel of Amer—
•' 5% conv preferred—
Cuba RR 6% preferred
320
6 74
85%
10%
,
.
400
,
10
674
\
95' *
100 V
^
1,800
.
39
1174
conv
Feb
8
Jan
15% Apr 29
874 Apr 29
Co_
5%
1774
2574 Oct
Sep
4%
4
24
Cream of Wheat
1,800
39
6%
674
v:
;
10
*8°
1%
17%
>
74
10
75%
*9%
*95
*96%
'8
17%
33s/a
7
.
700
Dec
Jan
4574
No par
-5
Inc————i
330
16%
8
117«
7
,*18-
96
274
40%
10
■■•
2374 Apr
Internat
Crane
Feb
20
Coty
200
Feb
35%
Aug 31
4
8
Apr
674
7
Jan
9
—50
...
Coty
1,200
'/a
A
17
Dec
15
10974 Nov
Jan
21%
July
874 Jan
42
3074 Apr 28
274 May
'
Co
Preferred
•
8,900
40%
11%
40
*16
17%
17%
■
28
Refining—,
Products
Corn
3,700
-
14
v
40%
>
*95
8
11%
*
3
(iT
13%
11%
J
L
9
v«
13%
7
rio-v
*3
3%
*3
'.'74
<
Corn Exch Bank Trust
530
178
;
13%
A
39%
9%
:*e%
53
V
178
18
75
..74%
34%
35
52%
34
\, ',9%
49
52%
35%
11%
■''■•'i
11%
;.33%
■-
*47%
■
38%
39
84%
.
49
18
.17%
..
■
;
500
10%
84%
*17%
'
19
10%
16%
_
—5
Del—i.
of
19
95
W
*37
Continental Oil
/
1
—
10%
13%
16%
.111%
Motors
19
*
95%
—~—t--4£%
..
Continental
18%
3
A
3
6,600
'
,—$2.50
10%
177%
;
178
1<T
u
3,100
24%
35 %
53 %
*177
3%
24%
22
5,900
39%
3%
52
35%
53
*2%
i!f
13%
39%
3%
5% Sep
.—
24%
*47%
%
0
39%
5
Fibre-
Insurance-
10%
49%
2%
2%
39%
29
Continental
79
103% Jan 28
Apr 28
21% Apr
19
*10%
:
178
*176
4
>
77
Irtc—_,———20
Can
Continental Diamond
900
■V
preferred————i„_,—100
8 %
Continental
6.500
25
10%
35%
*52%
6%
6%
6%
6%,
300
A'v
25
19
19%
*47%
•
24%
24%
25
10%
11
98
25
*18%
19%
*10%
;
25
25%
*18%
,
25
24%
3%
39 %
3%
4
3%
4
39%
39%
39%
39%
4
6%
y*:.;
y"?'
98
*97
17
2
Jun
Aug
29% Oct
374 Oct
9
34
Jan
Jan
5%
13
160
Apr
}82% Jan
8
27
Dec
36%
7
170
Mar 28
176
Jan
26
May 16
Oct
7
34% Oct
1074 July
164%
145%
Jan
11
May
1%
Jan
Jan
Dec
141
2074 Jan
24
117
120% May
6
24
Apr
674
10% July
Jan
Sep
Jan
*
Jan
21
14%
Feb
17%
Sep
2
29% Oct
14
17%
Dec
33%
Jan
2
13% Jan
5
10
Dec
17%
Jan
1 % Oct
2
%
Aug
174 Jan
15
■
1.300
Elec &
%
Jan
1%
1%
1%
174
1%
1%
1%
1%
1%
174
6,300
Electric Power & Light——No par
74 Jan
2
8
%
Dec
4%
31%
31%
31%
3174
31%
32%
30%
31%
3074
3074
2,400
17% Apr
27
35% Jan 23
27%
Feb
39%
Not
28
2874
No par
No par
No par
3
50
32% Jan 23
23%
Feb
36%
Not
26%
Dec
*1%
1%
VA
1%
*174
28%
32%
3274
33
22 %
22%
*22%
22%
*44%
4574
*44%
45%
2%
—
—
110%
—
2%
58
58%
61%
61%
274
58
"60
%
For
*55%
%
footnotes
1%
1%
1%
Mus Ind Am
28%
2774
28%
27%
28
2,900
33-
3274
3274
33
33
500
*22%
22%
22%
22 %
22 %
2274
500
El
44%
44%
44%
45
45
300
Endicott Johnson Corp
28 %
'
274
56
58
*5674
58
62%
61
115
274
56
58%
61
44%
*110% 115
2 74
2%
5474
5474
58 ""
*56 7b
60
60
?
*11074
2%
$7
Paso
5%
—
2%
5,100
Natural Gas_
-100
preferred
Public Service
preferred
Engineers
55
200
$5
5674
5674
2 00
$574 preferred
60
60
"53
,
70
A Feb 16
shares—
preferred
$6 preferred
Elec Storage Battery
*11074
—
2%
*55%
*5674
1%
*3274
28
*32%
11074
1%
—
$6 preferred
1
-No par
No par
-No par
'
—
see
%
—
page
1391.
A
A
2,300
Equitable Office Bldg
No par
15
Apr
23
29
Jan
2
19% Apr 24
39% Apr 27
107% Feb
16
33
Oct
13
21%
Dec
33
Mar 16
39%
Feb
47%
107%
Not
113
Oct
3% Jan
5
2%
Deo
7
Jan
40
Apr 28
66
Jan
July 27
47% Apr 25
73
Jan
5
83
Jan
17
is« Oct
16
21
Sep
9
% Apr 17
B\ Feb
July
Oct
112
1
46
34% Aug
26% Feb 18
49
Jan
30
64% Dec
80%
Apr
69
Dec
83 % July
74%
Deo
89% July
A Not
%
Jan
WWW V*
LOW
AND
HIGH
Monday
Oct. 13
Oct. 10
S per
I per share
$
share
8%
i;. .A v.•
•
,
i
•
s
-
J
1385
share
per
STOCKS
Friday
Sales for
Oct. 15
Oct. 16
the Week
I per share
I per share
Thursday
Oct. 14
f per share
9%
9%
9
,;•».
PRICES
Wednesday
9%
9%
9
1
8%
SALE
Tuesday
Oct. j;j
;
Saturday
,u •'
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4117
156
Volume
//.Vt-'ft,
V W •.
9 ¥4
9
9%
9
9%
8%
9
9
1
JErie RR
4,900
«.
Basis
of
100-Share
Lowest
Lowest
$ per share
;14% Jim
4
9% Oct
2
3% Jan
*
par
par
Highest
I per share
2
9% Oct
13
32 % Jun
No
No
common.,.
Year 1941
Lots
Highest
I per share
Par
>■'
Previous
Range for
Range Since January 1
On
STOCK
YORK
EXCHANGE
Shares
9 ¥4
8%
9%
...
..
•NEW
2
4 ¥4
Dec
2%
Dec
30 ¥a
Dec
IV4
Dec
4
f per
share
10
Aug
'
—
-t—
40 ¥2
41%
41
•4%
4V«
'•
.
v.,
4
■
40%
.
28%
»-
-i
...»
.
v,
4
5%
28%
%
:
.
—
41
4.1..:
4¥a
5%
5 ¥2
27 ¥2
•
9%
41
41%
4¥«
5%
27%
%
5%
5%
28
41
•:
27%
4
5 ¥4
...
40%
*3%
¥a
5%,
•
:
of
benef
int
i
Cleaner
Vacuum
Products
i—5!-
„
Evans
1,000
Ex-Cell-O
Corp
300
Exchange
Buffet
300
Fairbanks Morse & Co
Co
'
*
'
®
%
B
•<
*%
*%'
:%
1 '.
•
r-:-
Corp—,
20
J
,v
•»
Jan
4 ¥<
.
,
27
,
7%
Aug
.".42% Nov
3%
Jan
Sep
18
24
5% Feb
24
Dec
8%
Jan
May 20
11 Jan 23
28% Oct
13
21 ¥4
Dec
30%
Jan
11 May 28
A
Deo
%
Jan
32
Deo
45%
16%
Jun
24% Mar
6%
Dec
13
Mar
May
100
Jan
4y8 Apr
3
$2.50
44
2
1% Jan-
'
5
1,600
27%
/
100
pref series A—.
Eureka
2,000
•
5%
•
#27
•r.
5%
2,200
4¥«
5%
.
27%
26 V*.
i-
40 %
Ctfs
34,900
v
F
UVh
34 % v.
'
23 *
23%
■'i
34
34
3 3 ¥2
33 ¥2
22 ¥2
22%
*33 ¥a
34
*33%
"..
-34 :
No
27% Apr
28
i
37% Jan
19
Jun
30
-
29% Jan 29
6*
Jun
22
69% Sep
par
18
Jan
'
:
23%
*22% '
■'
•
7
7%
*6-Ti.
7
:.
<
•
7 %
.22%
22¥4
•;y;
7
7% cK
22%
y
.
.
7 y;
22%
r
-*6%
7.;
2
,
7%
—20
Traction—::
15
No par
Fajardo Sug Co of Pr Rico
1,200
y
Federal
600
;
Light
&
"
*73
75
22
22
10%
*73
10%
..
•-
:
'
11%
*10.
20 Va
20 %
101%
33%
13
13
•
r
<
*94
97%
*2334
24
*18
'if.
j
18 Vst
18 ¥2
*101 ¥«
102%
*
22 ¥2
18%
>.
25
..'
v:,;.' 197/a
:
.
197/a
j
'
12 ¥2
*94
97%
y.-
25
.
.*94
*25,:;
Av..»
25%
;
preferred
National
$4.50
'i
Co
—$2.50
31
00
16
19%
Dec
26% July
11 ¥4 Oct
16
8%
Dec
14%
Jan
3
Jun
30
4 ¥4 Feb
4
2
¥4
Apr
4
¥4
Jan
28
18 % Jan
7
14%
Dec
27 ¥2
Sep
87
Jan
6
Dec
07 ¥2
Jan
76
.86
7% Apr
21
11
Jan
19
8 ¥4
Dec
16
29% Apr
8'% Apr
29
41% Jan
3
34 ¥4
Feb
45%
12
Dec
13
Nov
13 % Jan
%
3
12%
Dec
18%
Jan
90
Dec
,
23
11,
Feb 19
20% Oct
8
87% Apr
27
par
29% Apr
30
3d ¥2 Feb
3
9% Jan
2
13 V4 Oct
8
May 14
96% Jan
15
98
25
86
No par.
-No
Florence
300
Florsheim Shoe class A
Co—
par
15
;
;
102% Aug 11
31% May
8%
Oct
14
16%
17%
Deo
13
Jan
16% July
103
Dec
5
5% Jan
,
Sep
42%
Dec
21% Feb
Mar 27
Sep
105
Dec
—100 *
No
preferred..—
Stove
July 30
No par
A
series
Stores..—
(The).
400
:<v..
Jan
24% Jan
15
(Wm)
Flintkote
3,300
.
:
■
<6%
First
800
;
;
—
197 ¥«
300
y
t
:
93
18
Apr
11% Apr
Sons Co—.—No par,
Firestone Tire & Rubber,—
,10
1,900
<
32%
Filenes
10
Apr
1
Corp
Fidel Phen Fire Ins N Y
—
5
8
No par
preferred
conv
8 ¥4 Jan
< 20
.
No par
100
Dept Stores
Enamel
Ferro
1,400
900
102%
*101 ¥4
12%
25
AV*%
y'-V-i '!♦-* ''K v-—i
«'
32%
r.:,
-
100
,
12%
ly
Federated
',.vV
32 %■;%::•y
32%
97 Va :
v
••
19%,
*7
900
41 ¥4 y
.11 ¥4
.
v.;-:.. 12%.
12 ¥2
'
V
:■
2,800
Ua
^2
-.5
Corp——
Motor Truck
Federal
:.
10
•40%
.y
Federal-Mogul
;
85
10
•
11 %
32%
*94
25
*18¥a
y.i*6%
y:_i9%
102
Vl2'/a
¥
,;
41 ¥4
300
14
*80 ¥2
Federal Min <fe Smelt Co—
1,100
K <
4:
*3%
85.yy.;■
10¥«; .10%
.
32
97 Va:
,
*24%
—
102
y
-
12%
20
11 ¥4
13%.
$6 preferred
10
v
22%
11%
3%
*40%
11%
77
V.;,1
*22%
■
;
14
*80%
10%
19%
102
3;t4
41
20%
33 ¥4
*94
iy
10 ¥2
i¥ >*9%
33%
--
'•
*75
v,^;'.<y
11%
13 7a
v,.,
81%.;,,.
40%'
12%
--
.
81 ¥2
11%
102
--.
y
•
4¥«
14 Va
41%
.
20
V«.'3
101 "2
33%
<
*10
r'
3%
*13%
19%:.
,41 ¥t
——
'
77.
•„
22 ¥2 .'..22% yy.:
.
*10%
83%
10%
jl,—
40 ¥2
*73
•
11
4%
*76
•i—
•
22% r :
11
14%
14%
10
9%.
40%
11
4
—.
75
,22%
>
.
'
75'
y.v
22%
*10%
83%
*82
75
22%
—
14%
•14 ¥4
:
■
A-'.
4
*3%
>v.
.
•>
<
Nov
33%
Jan
25%
Apr
'
'
-
>
*31 ¥2
*
'<
9
15%
6%
*6%
44
■*'
it
44
y*39%
1
7
44
¥ 37 ¥2
38
'i fr
"<• y-;
11 ¥4,
37
44
•
37 ¥2
.
11
*16%-
-
44
3
May 22
Aug 28
—4
17%
17
17
*17%
17 ¥2
93 '.a
93%
93%
93 ¥2
*92%
95
*2%
:
2%
2%
*2%
y
17 Vi
•
<17 ¥*
*93 ¥2
95
:V. *17
,
300
:• <
1,400
-
94
2%
.*1%
1%
1%
9
■
9 %
3%
.*9
52
%
*49
6%
•
-
39
4
4%
9%::.,
,
*49 >%
39
*120
■4 1
121%
*3%
3%
9!
b
% V 3. ¥4
■M-. 8%
79 55s
,79%
.;»¥ 79 ¥2
79%
*
19%
19 Va
19V«
*18%
128%
128%
'■
.,
3%
.
,.y8%'
;
1.
y,
79
,
:
8%
79 ¥2
*6
105
5% i" V
...
_1
15% Apr
24
19
Jan
3
18
85 % Apr
10
95
Aug
4
03%
Dec
5%
t.
121%
•'
>•
¥% 78 ¥3
78
i
*19
:
•
:•%:
4%
Inc
cl A—
5%
•.
No
(The)
Industries
700
.
¥2'
28%
"29%
30 Va
29%
;■
29%
128 Va
General
19 V2
General
Bronze
Class
No
29 7a
,
29%
;
.
General
34
34
1%'t 1%
129
—41
im.-? 41%'V;125%
125%
*16%
2%
2%
14%
a
*
A
41
Hi-
*13%
14¥2
.
4 Va ;V
14%
2
2%
4%-
3%
,
*102%
103
17
2%
—5
»
#
•:■
*27
29
*27
*14%
106%
i'O
%
in
14%
-103
106%
*103
*3%
4¥s
*102%
No par
100
Cigar Inc
•I
'•.•%
v.-V; Y,r
*27 «v;
29%
18%
18%
18%
18%
9%
9%
9%
9%
9%
64%
64
64
¥4
"28%
18
18
14%
4 ¥4
*58 Vi
5 Va
<
*53%
14 ¥4
*39 ¥2
41
*103
14%
141a
104
104
%
14%
4 Va
4 V4
*58 ¥2
60
5
5 ¥4
•V
14 ¥4
77%
24%
81%
80%
81 ¥4
22%
,21%
1%
77
V
77 ¥2
24 V4
22 Ya
*77 VH
79
24%
25
81
22%'
88 %
88
88 %
*2%
; 3 ;v:
•
.
»:t
4,100
General
4 Vi
3.500
Gillette
.;
8%
28%
28%
:
:?!
40
*
U
.
4%
*7 ¥2
8%
8%
:
*23%
500
2,800
75
22%
23%
60
80
Vf'V;
3
80
1,200
21%
9,500
87 ¥4
"
87 V'4
3
V"
77
78
1 T,
3
:
111'
%
28,400
4%
4 ¥2
1,800
*7 ¥2
8-
8%
8%
'
8
■
<
<
8
287«
*28 ¥2
28%
28%
28%
*23 %
24%
*23%
24%
18%
18%
24
24%
24%
24%
24
23%
23 "a
24
24%
¥4
138
138
138
*60
70
*60
70
30
13
•13%
12 7
13%.
11 Vi
12%.
H
2%
2%
80%
81%
4V'a
*4
3%
31
31
x30
297n
11%
*80%
*137%
138
■70
2%.
24
24 ¥4
138
30%
23
'*21%
13-
-
*11 ¥4
11 ¥4
13
AV
:
12 Vi
*60
i
7 ¥2 Jan
.
24
24
1,900
138
190
70
*60
13%
13 V«
".
" 12 Vi
12 ¥2
*2%
2%
*2 ¥t
2%
eiVar'."
*80'%
81%
80 ¥4
80 Vt
3%
3%
3%
3%
30 ¥2
30%
.29%
30 Va
4
30%"":'£
.
70
-
.
46
Jan
41
July
23 ¥4 July
Aug
09
.1
5
15
2%
2%
12
23
Dec
Jun
Sep
Nov
Sep
2¥a
Dec
5 ¥4
Mar
6
Apr
8
Mar
8%
Dec
47 ¥2
12 ¥2
Jan
:
July
,53% May
,
--
5%
4—Apr'
Oct
101
Jun
104',
Sep
P39¥a
Dec
55
Jan
3¥a
Dec
y
7 ¥4
Jan
Dec
144
July
2 ¥2
Dec
5
Mar
2
Dec
115
6¥a
Jan
6%
Dec
15%
Jan
73 Va
Feb
97
Sep
16
Dec
22
118
Dec
130 ¥2
Apr
24%
Dec
35 ¥a
Jan
5
33%
Feb
42%
116% July 24
; 1% Jan
15
'
13
25
29
16
2
112 ¥2
Jan
117 V'4
Aug
¥4
Jan
1%
Nov
102 '
Jan
83
Jan
'
Goodrich Co
5%
preferred—.—
preferred
conv
Gotham
Hosiery—
Preferred
10
Grant
Gr
Oct
preferred
No par
10
20
No par
No par
(W T)
Sugar—^
No par
Co__
preferred
Nor
Iron
Ore
Great Northern
Great
Western
Prop
Preferred
3%
30
2,600
2>/«
600
3C
4
5%%
Co
conv
Guantanamo
8%
Gulf
Inc
14% Oct
1,900
$5
31
30
% Jan
6
22¥a
23
14%
19%
Mar
Mar
Jan
Nov
%
Jan
Jan
A
x
5
¥4
9
16 ¥4
28 ¥2 May
14
19¥4 Jan
79¥2 Jan
Jun
Nov
Jan
Dec
<
16
Dec
t
16
13
Dec
Feb
24
102
6 ¥2
58 ¥2 Sep
65 ¥2 Jan
/
20
27
4%
Dec
35
Dec
Mar 17
44
Feb
4
:.
Sugar—
A
preferred
No
.
2 ¥4
Dec
Jan
30
29
2
Dec
13
80
Dec
91
Jan
*25
Oct
9
11 ¥2
Apr
21%
Nov
13
54
Dec
74%
Oct
7
'10
Dec
20%
Sep
59
Dec
81%. Oct
23% Oct
89
Sep
22
:
1
3 ¥4 July 22
2%
Sep
Jan
90
3 ¥4 July
Jun
Jun
68 ¥4
Nov
¥2
Dec
lVa
Jan
if
3%
Dec
6%
Jan
8 ¥2 Aug 21
6%
Dec
13%
Jan
8% Oct
8
5
Dec
12%
Jan
31
Jan
13
28
Dec
36 ¥2
25
3
Apr 25
May 4
July 23
Jun 19
Jun 22
23
Feb
2
5 ¥2 Jan
i.
25
July 27
i:
Jan
3
Mar
25 Va
Jan
13
12%
Dec
18%
Nov
25% Feb
27
18 ¥4
Dec
28 ¥2
July
28% Jan
22% Apr 28
Feb
18% Oct
27
19%
Jan
28
July
Jan
14
135
144%
Dec
Sep
23
25
Apr 24
33% Jan
3
10 ¥2
10
9 ¥8
1%
48%
2¥a
18
Apr 25
13% Oct
Mar31
May 20
May 22
Jan
2
Jun
3
Jun
2
11% Aug 31
10%
Jun
14% Jan
6
10 ¥4
Dec
3% Jan
29
1 ¥4
Feb
par
Sep
Jan
Feb
60
par
Oct
46
1J Jan
July 16
100
Sep
2% Jan
50
No par
RR—No
74%
17%
.;
82
,
143
10
_1
preferred
9%
■
Sep
Dec
54
'
15
Apr 21
No par
Dec
4%
i
Feb
11
Jun
14 ¥a July
Dec
60
Aug
22
34 Va May
28
5% Jan
Sep
24
112
y
Dec
2¥a May
4% Aug 24
Jan
80 ¥2
Mar
14
110
Jan
11 ¥2
Dec
Dec
29 ¥2
Apr
14% Oct
.16¥2 Jan
12
25
Jan
5
Jan
% July
V
.,
46 ¥2
19
20
16 ¥a
106 ¥2
8¥a
Feb
10
Nov
Dec
9
13
•
Jan
~7%
% Oct
'
4%
110%
IOW2 Jun
1
6
Aug
48
Dec
47/a
08 ¥4
•
~T27¥a
Dec
105 ¥2 May
9
:
Bee-
Sep
3
& Sep 2
4
Sep 10
i
3
109 ¥2 May 13
1.
Jan
10
5% Jan
27%
3
6
48 %
130
1,
-
preferred
Mobile & Ohio
121%
Jan
3 Va Jan
Jan
Dec
100
& West RR
L>
July 29
128
Sep
91
V132 ¥4
100
;
Grumman Aircraft Corp
1.900
30 ¥4
(H
28%
July
Dec
78 ¥4
125
13
79
Jan
Nov
104
Jan
41 ¥2 Oct
7
x58
Sep
v
14 ¥2 Oct
%,Jun .15
1% July 28
74
Apr 30
par
13
Jan
2
par
56
Jan
8
par
10¥4 Jan 2
par [','f 60% Jan ¥ 2
par
1% Jan 20
No par
City Steel
Greyhound Corp (The)
12%
,
—1
—.5
div ctfs
w
9.300
80 ¥2
•
9
2
3
Jan
2
x40¥8Mar31
4
Apr 28
50
May 4
12¥« Sep
8
37% Jan 2
100
Graham-Paige Motors..
Granby Consol M S & P
13%
*2%
No
—No
No
No
—
13
12 ¥2
50
No
(B F)_——
Goodyear Tire & Rubb
$5
par
38
3
131% Feb
27
23
26
11
28
27
12
(Adolf)——————1
1
Telegraph Co——100
Green
*79
No par
No
& Stock
1,500
800
par
Goebel Brewing Co—
Gold
Green Bay
11 ¥4
par
——
29%
11 ¥4.
11%
2%v.,
No
-—No
29 ¥2
13%
12%
1,700
14,500
138
29 ¥4
11%
¥2
24
29%
11%
24
par
preferred—
conv
Gobel
5%
'
138
30
(The)
Granite
500
18 ¥2
24
4¥a %
Co
Grand Union
*23 ¥2
18 ¥2
12%
5
No
preferred—1—
700
28 ¥4
24%
24 ¥2
*11
100
Co
preferred
conv
700
8%
*8%
8%
18%
%
150
4 ¥2
24 ¥4
13
■
in
18%
31
500
1,600
v
77
25
30V«
1
4¥>
...
18%
24'4
7,900
21%
21%
87v
irl.
i'.r
74%
v
100
-
1%
:U
v: 1%
1%
77
*2%-
•
$5
$6
40 r
80 ¥2.
*75
Glidden
41%
24 ¥4'
;
1,700
54%
18%
*60
—No par
Gimbel Brothers—
l?r
13
8
8
8%
8%
25 ;
138
Rubber
&
300
14%
86%
3
20
40 ¥2 Jan
13 ¥a Mar 30
11
May 21
101%®ep 21
—20
Corp
Safety Razor—:
1,700
14%
21%
'
18%
Tire
1
'.
60
*58 ¥2
*53
80
;
78
*75
4%
4%
4%
28%:
Telephone
preferred—
14 ¥2
.
No par
;
Time Instru Corp
6%
4 ¥4
:
14%
23%
88
2%
3
78'.
1:1.
,<
%
*87
\
88.:
2%
*76
77% ,'77%
*24
No par
£;
preferred—No par
*4% i V 5
V V
60
S3'
u
1%
•V V"
y
55
14 %
*39%!
42
.
5%
*53
55
1%
1%
22%
*8%.
50
104
14 ¥4
14%
4 ¥4
14
n
1%
81
*7%
Gen Steel Cast $6
Gen
14'.«
14 Va
104
'
*4%,
Refractories
General Shoe Corp
1,100
24%
•
•
General
600
14 ¥4
14%
*39
,'79
■:
1,200
•
General
*V2
III
100
18 V<
'9%
A Jan
100
^1
preferred—i
Realty & Utilities—
$6 pref opt div series
Jan
10 ¥2 Apr
101
Apr
¥4 Mar
23
Mar
14 ¥2 Apr
8 ¥4 May
55 ¥4 Jun
par
Gen
4,300
55
14 "4
1%
22%
3,700
28'%
*9%
—No
6%
•'
14%
5 ¥i
i.:i*53i7i
41
180%
.*.*
'
14 ¥4
58 ¥2
14%
24% I
•
14 ¥4
'
*77
%
•
14
5%
5%
1%;
•
9%
Railway Signal
par
10c
Public Service—
14%
*14%
Jan
3% Jan
10% Mar 11
3% Sep 17
99¥2Aug25
;,/
—1
—No
—
Gen
106%
*103
par
Equip <?orp
Gen
13%
*103
Deo
9
,
IV* Apr
7% Apr
3
122
Apr 10
13% Aug 31
1% May 13
par
Printing Ink—
800
■
250
58%
55'n
*39
14
14
30
par
No
A
—No
preferred
64 7 a
4%
•
14%
$6
63 ¥2
14%
4 ¥4
5
./• General
64
4%
58%
*53%
2,400
.
63
14%- S
1%
3
21
'
58 ¥2
4
•
A'o
Adv
Precision
64
14%
14
14
.
103
100
---—10
Motors Corp.—
Common
Gen
64
104
*102%
103%
1
3
Jan
23% Apr 24
% May
61 , Mar
< -64% Apr
122
Apr
No par
preferred
14%:'
14¥i
•14
14
2% Sep
2% Jan
11
-'..111% Apr 29
i
preferred series A-No par
Outdoor
G4%
% 14%:
14% : 14%
*102 ¥2
$5
Gen
x
par
No par
600
•
29"
9%
700
%';*.
18
18%
9%
par
-No par
preferred
General
2,100
::,
*4¥a V.. 4 V'4
102 %
*27
29
18%
2%
14%
14%,.
*
14%
I«
14 4;
j£
V:
4%
50c
No
Corp
preferred—,
conv
5f*
•
700
:,v
16 ¥2
2%
HVkV
27.100
v
Foods
General Mills
200
20
»
125
125
$4.50
$6
Vi.:::
;
4 Hi
i:.v.v i6 ¥2
103
*
■
No
Gen Gas & Electric A
:
83 ;
40%
17
:,
{
" 7' 15,000
/ 128
128
106%
*103
106%
*103
preferred—-—
General
3,000
,<.
1%
: v. *81 %
;.y
41%
*u7«
14%
14%
24,100
par
—100
preferred—
General Electric Co
y ,90
*85
81%
115
v
1%
2 %
14 %
14 ¥2
iff:.
14%
16%
..;;*2
103
*114
115¥«..-v:
125 %:{,;:
*125
%
•;
34 Va
129
40%
125%
*16%
17
*128
41 %
125%
125 ¥2
Yh
33%
90'
81 %
:
-
A
14%
,.
-41%
*102%
*85
81
129
%29%
33%
1% :\r 1% <:
90.
81
—
14%
4%
*85
,rr-
Vi
1%
*128
2%
IV14 >2
4 :■ ' *:• ■
91
81
17
*102%=103
%?.y:v <;• 1%
128 v
*125 Va
17%
:
33%
*113 ¥4
l
128
<
.
~
■>
33%
115%
79
80%
*78%
33%,
*113 ¥4
%< *85
<'94
*88
*128
34%
'[*113%
:;y;.;:.s.' 1%
*113%' 115 *'4
.29%
7 9#
110
Feb
May
32 Va May
'
No par
•
No
cum
36
t:
115 ¥4
34
29 ¥4
"
,
par
Corp—
A
t7%
100
-
,
-5
.5
Baking
General Cable Corp
.
No par
—
Transportation
preferred——:
48
.
430
128%
128 ¥2
128%;
^5
Container Corp——*
Amer
"2"%
7
8% Oct 13
6% Apr 22
10% Feb 20
8 ¥2 Apr 17
52V2 Jan 22
51
Feb 13
-—6% Oct 13"
■..
Apr 25
104
Jan
5
98
Mar 11
46% Feb 16
35
Sep 12
5 ¥2 Oct 14
3% Jan
2
121% Aug 29
106
Apr 28
4'/4 Oct
9
2% July 31
3% Oct 10
-i. 2
Sep 11,
9% Jan 14
6% Sep 16 i
4
90 ¥4 Feb
71
Sep
8
2
20
Mar
16% Apr 25
1
128 Va Oct
120
Apr 29
30'/« Oct 13
21 ¥2 Apr 28
10
'
,*128
129%
*123
2 ¥2 July
..1
Inc—
—
,
1,500
.
par
8% % conv preferred—1
-—50
~ "Gen" Airier "Investors—-_1——No par
Gen
10% Feb
45
' 8
—20
'.
preferred
Gaylord
17% July 14
26
1% Jan
6
l¥2 Jun 23
Sep 28
16
May 8
No par
1
(Robert)—
preferred—
Co
Jan
%
(The)
Wood
Gar
2,300
■
8:Vi
8%
70%' ■79%:.
:
-i:3% ,V-3¥a
•
;
19 ¥2
Co
Gamewell
2,300
"a.
30
.
121%
4 ¥4'
8%
Co
Jan
Sep
132
Deo
Co.
preferred
Dec
¥2
.20% Jan
.
Dec
100
Trailer
conv
6%
'2.300
:.v ,•
Dec
May 27
38% Jan
3
,
14% Sep
Jan
32%
Feb
29
Sulphur Co
$6 preferred-
39 Va
...
5¥a
121 ¥4. ■:
4%
1
100
9V8
105
Apr
Gair
-i'44'
;•
:TT:%900
21
27
105
39%
-i
:
3 ¥4
*19
;
vvv:
26
10
100
9 ¥2
12% Jan
134 ¥2 Feb
8
Gabriel
2.400
i
6¥»
,
*103V2
39%'
3¥«
19%
128%
19 *."
3%
9%;
52
■'/
"
C%
4%
3% -:
V
i
3
52:..
Va
28
May 28
13
5 %
390
8
9%._.
*s%
:
.4 vh
-
x5%
121%
.
3
¥2,'
*8%
*7
52
38%
5% A"
'
3 Vr
>'V
24
Jun
500
19%
13
Oct
Fruehauf
1,100
r
Oct
9 % Apr
4.
■
'
6%
*103%
rJ
*8%
.
•
:
9%; :v
*18 Vr
3 ¥u
3
*8 ¥2
.
6%
105
,
*7 ¥2 % 8..
..
52
¥t
385r
,
121 %<:
.-;
.
1%
May
30
37
5
80
:.:v(:V 500
2%
*9 ¥4
19%
19%
y-v
8%
5%
5%;;". ;v:.y 5%
5 ¥4
*120
•V
3 Va
■
*103 ¥2
105
38%
J.W?
5%
3%
19%
52
-
6%;
N
•
121%
*120
19%
*103%
38%
*5%
"■
*49
-
105
38%'.
9V'2
-
1%
*9
.
6%
c103 Va
*"
*1%
•
9%
.
-
6
1%
9¥a
3
3%.
v.-. 3
8 Vi v,;y..
*7 ¥2
hi'.
8%
i'eVi *8% *?i 9 Va ' • ..; *8%
8%
(t
1%
9Va
19%
19%
3%
*••7%
1%
-V
....
2W
1%
2%
9 ¥2
*9
19%
19%
2%
13
38
G
2%
Dec
114
Freeport
600
.v
1
35
No par
6% prior preferred—.
.
—25
Francisco Sugar Co_
4—.No par
F'k'11 Simon & Co Inc 7% pfd—_100
$7 conv preferred
1,540
17 ¥4
94
-y
7
Jun
3¥t
11% Jan
30
,27% Mar 14
■
-17',4
.
Dec
21
36% Mar 19
9
8% Sep
1
-10
10
Corp—i
Foster-Wheeler
120
.
Apr 21
28
—10
.10.0
Corp,
preferred
Machinery
18
—No par
Fair Stores Inc.
bFcod
Food
1,500
ilV4
Steel
conv
300
%.;".i
7
5%
400
P.,
.
37 ¥2
37%
80
;
;5
,
y.
16%
*39%
:
;,..
.
Follansbee
1,400
if.';
.
123
!
yy*6% :5
7
*39 ¥4
iw •
37
v?
123
16 %..:,u ■
16 ¥4
7
*36
125
3%
-9%
*9
■
.
31 '
31
11%
■
"19 :
*3%iP.;
y-
-
•:-i 36%,
U%
*121
16%
*6%
y
9 %,
36%
n%
15%
38%
38%
9
-
124
': *17%
j
3% is. 3%:>S
,
'■y
9 ¥4
■20:-
*30% !f '32
;
:.
36%,,.:
122%
.-'it
7
*9
11%
;
c
31%.
*36
15%
*39%
v
38%
38V*
11%;
124
::
15%
•
6%
*38
3
11%
i.
.p.: y:
*18%
4
31%
9
37
*121
125
v»i5%
-**
y
11%
nHi
*121
"
9
-
18%.;:
4
32 :. :;•/
37
9
'•37
1
4
*31%
32%
*
*36
"
4
3%
3%
•>
»
V.'
42
29 ¥a May
14%
Sep
11%
Apr
13
28
4 ¥4 Sep
36%
9% May
10
Sep
24
86
M'ar
Jan
'
31% Oct
Aug
Dec
54
1%
8
Feb
0
Feb
,
Sep
18% Sep
3 Vi July
Dec
55
¥,
Aug
23%
Dec
4
H
*21 ¥2
33
33
*11%
8%
*98
12
.
*32
.."
*11 ¥4
—
8'i
9
—
99 Va"
For footnotes
:
—
—
see
page
-
1391
:
-
*98
23
*21%
23
23
23
34 %
*32
34
*32
34
12
11 ¥2
9
*8 ¥2
.99%
*99
12
8%
99 y3
V
¥4
*22
32%
200
27
23
¥2
20
Hackensack
1%
12 ¥4
12 ¥4
*11%
12%
900
Hall
*8%
8%
*8%
8%
300
Hamilton
99
99
*98
99
40
6%
Water—;
class A
preferred
Printing
Co
Watch Co
preferred
25
25
10
r-No par
100
19% May 21
25
11
33
8% Mar 16
13
29
8
95
Apr
Feb
Jan
5
Dec
33
Jan
Feb
38
Mar
Dec
16%
•
Aug 22
25
10 ¥2 Feb
6
Mar 11
106% Feb
7
Jun
23%
33
11
8%
ic
8%
102
Dec
Dec
108
•
Jan
Jan
July
1386
THE COMMERCIAL & FINANCIAL CHRONICLE
i
NEW YORK STOCK
LOW
15
15
136
*130
■
4
*3%
*87
88
88
*7%
1
1'%
l'/a
'i *57
58 "2
*12%
'
13'A
*67
69
*130
131'%
—
;/'
■
■'
92%
92%
:
:* 13 Va
*14
*26 V*
—
15'%
r
'
*6%
67%
14',4
V
/■■-!_'/
■
/•/-
41'%
41'%
99'%
96
*13'A
•
*1474
26
67%
/
Xl4
II
:
.
6'/a
6', %
•// 14
/,,
T'
*113'A
10 'A
217%
23'%
23 'A
23 74
387a
387%
38
38
387%
10 'A
"/—
—
'
*3%
374
——
38'%
104'%
37%
374
3'%
3'%
374
33'%
33'%
33'%
34
1%
*1
*1
l'A
*1%
*38'%
*1037%
33 Va
—/
1%
*1
•:/>
10
/
141'% Apr
*4
4%
4%
4%
*4Va
4%
20 Va
20%
20'%
20'%
21'%
20%
/
10'A Apr
4%
47a
4%
4%
4'%
4%
.4%
1
1
•
% :/;Y
15-
5%
:
100
5%
&
IV.
50'/.
July 13
/
Deo
3%
Jan
96
Sep
87%
Sep
Dec
96
Jan
Deo
168
July
1
44
5
July
10 Va
Apr
65'A
Dec
33%
Jun
13 Va Jan
5
12%
Deo
15
7
6
67% Jun
6
23
21% Oct
27
—No par
Jan
Oct
12%
18% Jan
115
13
Feb
Jan
574
38% Feb
4
3
Deo
1
9
Sep
187% Aug
30%
;
>
Jan
9 '/a July
7 Feb
Apr
16%
115
Aug
107%
30'/.
Dec
52%
Jan
24
x
Deo
39
Jan
13%
Jan
5 Y
387% Oct
Jan
16%
Deo
30
20
115
Dec
13%
.
267% Aug 20
2
/Jan
Oct
56%
"
Mar 21
13'A Sep
Jan
80'A July
132%
Deo
99%
111% Feb 27
12.50
167%
123% May
x
9
13
/.
Oct
No par
8 'A Jan
2
107% Jan
29
—No par
30% Apr
29
44
Jan
20
36
Deo
64
1
106
Sep
18
100
Aug
111
Jan
24
3% Oct
8
27%
Deo
5
July
2
3474 Feb
3
26%
Apr
37%
Jan
l'A Aug 31
A
Deo
%
Jan
l'A
Deo
/
t c
v
96
_100
._
29 74 May
7% Jan
100
2
2
7%
Deo
Jan
2
167% Apr
17
21'A Oct
15
3'% Jan
2
47% Oct
8
2%
Deo
A Jan
2
17% Apr
13
%
Nov
5% Jan
2
100
preferred--
May
2'A Apr
25
Hudson Motor Car
Bay Min & Sm Ltd—-No par
—No. par
fHupp Motor Car Corp_
-1
10,500
2
12
5
Manhattan——;
Hud
2
Jan
102% Jan
14'A Jan
100
*
13'A Oct
72
9
150
Mar 13
11
—No par
1
28
12% Mar 11
10
—1
10
(A)
Feb
132% Oct
Apr 27
Feb
79
—5
2,700
.
■
30'A Mar
Sound Co
4,000
-
1
61
125
;
preferred--
Hudson
4%
•
28
par
(Del)——
.
.Howe
1,200
20%
47a
Y
158
No par
(C E) The_
Furnace
Houston Oil of Texas
2,100
41%
*414
20%
7b
9
No par
Household Finance
l'%
*1
5
!
900
:/•
3374
l'/a
58
May
No pat
Houdaille-Hershey cl A
Y Class B
2,100
37%
*33 'A
34
4
100
Homestake Minings
300
/
-No
,
preferred——
conv
Hollander & Sons
f
37%
Motors—
cum
Holly Sugar Corp_
7% preferred
r
19,700
105
*104
1
4%
45
100
Hinde <fe Dauch Paper Co
500
•
:
20
*4%'
19%
(G
Holland
.
38 Va
38'A
38 Va
106'A
3'A
34
*33%
Dec
$4
600
:
:
39
10
10'A
10
10'A
97%
38'A
*
106'%
Jun
5
preferred
Hershey Chocolate—:
100
23'A
*38'A
1047a
38'A
o
1
__
10'A
3774
*
106'%
76
19
Hires Co
117
23
38 7%
10'A
38
*37%
6
19
67% Feb
6%
'
*104%
17% Jan
93% Jan
2
Hercules
•
/
14'A.,
*113'A
117
*113'A
117
23
—
4
24
W)_
Feb
25
7% Jun
4'% May
Jan
101
Deo
79% Apr
400
6', % "t
6'/%
Jan
+2
Hercules Powder_u—
30
100
16
*14
Feb
67%
Helme
15'%
'.:/'/■'
62
Deo
—1
25
800
.//.->
:
26
14
■
v
95
*257%
.
8% Jun
Jan
25 y*
149%
-25
.
Corp
200
:
.
.
*14'%
26'A
21'%
387%
*38
14
t
i5'%
*25'%
-.
6 7%
6'A
/:
14
*113'%
23 Va
*1474
15'%
*25'%
//'/
42 Va 4
*13'A
16
*13'A
15
15'%
14
5'% May 21
3'%
May 12
106 y*
Deo
Jan
140
Products
Preferred
13
95 ;
2
# per share
Deo
12%
19
10
88'
29
100
17
Jan
4'% Feb
7
Jan
Jan
16% Jan
tHazel-Atlas Glass Co
200
132
*417%
•;
96
104
146
Highest
J per share
Hecker
'
*113 Va
22%
.,•41'%
*40'%
*92'A
is:.
67%
—
V../'—
132
$ per share
2
80
-1
_
Apr
3'% Mar
_1
100
Year 1941
Lowest
■
67'A
67
133'%
68
26
*14
—
6874
*131'%
95
26/
*13%
f
—
—
126
X
Range for Previous
Lota
Highest
Apr 20
12'% Apr 29
par
100
Hayes Mfg Corp.,-
290
156
*12'%
13'A
*12'%
13';%
68
100-Share
J per share
'
133'%
6774
*131
No
—_
Hayes Industries Inc
5,200
58'%
*150
156
*150
156
:\r' *56
of
98
No par
Refrac
of Amer class A—
preferred
6'% %
1,500
67%
67%
57
57
100
92%
92
6'%
40
l'/a
*17%
9 2'A
6:!a
59
13 Va
■/
••
92'A
Va
41'%
Va
*13'A
27
./•-■
13
69'%
95
15
*57
131'%
*40
6
06 $5 pfd
preferred
Basis
Lowest
Hat Corp
8
8
l'/a/
17%
1'%
93
*150
131'%
■
41
*40
,,
13
—
1'%
67a
V:.:
8%
*774
6%
90
*85
90
*85
(M A)
Harbison-Walk
4
*374
4'/a
*37%
8
9274
156
800
15
Va
On
Par
Hanna
137
*774
5734
*67'%
—
15
*132
90
6 Va
—
:
15
137
4
9 3'A
*150
156
*150
15
*132
Range Since January 1
STOCK
EXCHANGE
101
15
*3%
1'%
Va
67%
—.
*100'%
NEW YORK
Shares
I per share
101
*100'%
101
*85'%
5774
67%
6'/a
Va
8'%
93
93
93
the Week
137
147%
*132
DO
*774
8 '/a
*100'%
15'A
4
Sales for
Oct. 10
t per share
t per share
136
*374
Va
FrJday
Oct. 15
Oct. 14
101
*100'%
101
*14%
*130
STOCKS
Thursday
Wednesday
I per shan
I per share
I per share
RECORD
PRICES
SALE
HIGH
Oct. 13
Oct. 12
Oct. 10
*100'/2
AND
Tuesday
Monday
Saturday
Monday, October 19, 1942
5'/a Aug 31
Jan
3%
1574 May
/.
Jan
21%
Sep
4%
Jan
%
/ ■i-
Jan
'
8 Va
8%
87%
87%
8'A
87%
21%
22 %
217:,
22'A
*21'A
2174
36 Va
36'%
36'%
36%
117 a
11%
11%
*36'A
:
,
*4'A
117%
9%
*97%
10
*25%
26'%
27'%
27%
88
88
*86
83
117%
/ ;-v. *88
.
T55
11
Z
28
90
36'%
36%
360
."//Leased
•474
450
RR
65%
65'%
65%
66
65'%
11%
11%
117%
11%
117%
1174
117%
117%
eya
6'%
6 Va
21 Va
217a
217%
*20%
*106
108
108
7
2074
108
*7Va
7%
7%
*6
21
*207%
108
107%
7%
77%
'
7%"
7
"r'
7',%
139
13S
138
Va
51 %
51
162%
162%
7'A
162
49
140
'
9Va
9'A
5074
16274
1627%
9'%
9
*51
51 Va
51%.
id
%
74 Y
47 ..://
9
46
48%
47%
27%
2
*1%
*37 Va
.
36'%
38'%
#41
44
27%
•
52
V',:
30%
30
29
29
38'%
38'%
104%
*100'%
104'%
lJ7a
4
37
42
44
*42
29
*37
38%
.
*100%
;; 340
8%
9
8%
1,700
Internet
Va
V
3
297%
-
V
36 7%
36:,%
*134
92%
a
*9%.
*90
97%
27 Va,
27'%
97
*134
140
140
*9
-
29./
387%
39'/a
1047%
,100
:
*134
■
:!
87%
*91
-
9%
4
1,200
8%
1,400
*91
92'%
*9'%
.....
7%
*28
92'%
135
V 134
:
134
874
*23 7 a
23%
*94
874
98
60 %
61
*125%
f
—
2374
/■
■
■
!
'//
—
2174
*57
58
71
-217%
-.w
10'A
107%
•
;
8 74
//■;:
'
57
128
,*5674
57
-
127/"/ 121-
>
•::
21%
.
'61 VA
-
.1,900
127
217%
57
20%
*
56 Va
69
//*68%
P9
8%
8%
1174
117%
■/
'
127
50
207%
V
preferred
Preferred
Jones &
8,700
Dec
111'% Feb
3
107
July
107% Jan
9
8 ~Jan
14
147
100
V .5%
200
*
87%
800
xll'A
1174
2,600
•
* May
-
-
151'% Jan
24
6
July
166
140
4
9
150
Jan
8
Dec
Feb
.11'A
167'%
7
Jun
74 Jan
19
Va
12'% Jan
9
6 V%
Jan
Apr
9 'A Oct
9
38
Apr
52
Oct
Jan
31
9
23
July 16
125
2'A
135
1574 Jan
1%
•
Deo
t
Dec
/.::/
46% Jan
30
Sep
32 % May
48'A Feb
13
38'A
26
May
32
50
26
May 20
par
22
Oct
9
94
May
Vl'% Jan
2
•
Jan
67% Jun
•/
25'A
95.
21
4'% Sep
9'A Jan
/
2
95
29
Apr
57% Jan
49
Oct
;/ 31%
Jan
■v./. 49
17%
Dec
2
5'A
Oct
104
21
Oct
Feb Vz
Jan
//
Y
•
37%
Sep
37%
Sep
14
Sep
Y. 98
/ Sep
V 87
Feb
7
12
Feb
9%
Aug
Dec
33%
Aug
134%
Aug
9
134'% Oct
2
Oct
May
Dec
26%
327% Jan V 6
18
Sep
V 48%
•!
l'A
9'% Oct
17
774 Apr
Jun
27%
:/
Jan
15
4'/% Sep
26
Sep
73%
■
Feb
104'% Oct
^474 Apr 29
127
5
16
7
/ 88 'A Apr
No par
^.-1
Feb
2
29,
20
;
Feb
39'% Oct
6
July
Jan
Apr
Sep
11/2
4
131
Dec
5
36'A 6ct
Mar 14
39
.
://.., 31%
May/
l'/a
45
Jan
137% Nov
16
3
307% Oct
10
17% Apr 25
247% Apr 29
/ A
Jan
July
Dec
5'% May 25
Jan
57
170
Deo
July 27
Sep
113'A
May
42'A
Sep
27
Deo
5
Feb
52
3'/a
3'% May 29
%
124
6
:
Mar /
>,
-1
——i
—
122
100
'
Jan
54 3A May
A
——100
pref series B coniv
-.—100
Mfg Co—
—
1
=pref series
Jan
111'A
497%
Dec
717%
62'% Mar
127
9
122
Oct
59
Jan
64
1
May 20
7'% Aug 13
Jan
Dec
Dec
Sep
Feb
27'% July
12% Oct
13
' Oct
16
6'A Oct
2
Dec
/ Aug
867% July
8>A
Deo
14
20
11
128
64'%
797% Jan
61
Nov
1674
2474 Jan
17'% May 20
Laughlin Steel——No par
Jan
44
Dec
Deo
.50'% May 15
—No par
!■/■/14
Deo
31%
1077%
,
85
100
—
5'A
9'A Oct
33'% Jan
1077% Jan
18% May 15
May 4
No par
5%
Joy
Apr
Va
'
57 //
70
85%
87%"/
19
5l'A
-—
Manville—!
Johns
3,200
Co!—
(W B)
/./4.7%^
5
/
27
5
Jewel Tea Co Inc——
60 74
23'% Jan
26
•/..••• •
247%
98
5
•
Jarvls
607%
Jan
7'%
27% Jan
.•:• .;.
1,100
*56'A
-
•
974
■207%
70%
.
9'A
*927%
*98
*927%
'> " 61
j
247%
25
*24'A
61%-
*69 7a
•71'%// '.,*69
87% •/ 8%
87%-
/
'...//
•
—
*126
21
874
25
;
//»
217%
57
71
/ 8 74
87% >'.'/
98
61
%
128
87%
/ *94
6174
s *126
'
'
*24%
:■•/
98
61.
.
•':
24'A
*94
'
—
128
2174
8%
9 "'/■/■ '.'/
13'%
607% Jan
——100
—
J
.
.a';..v* '•.•£■/.y %,;;
8 74
Dec
Feb
,
Corp
'
•
8 7%
40
preferred—i—i—P—!l
■
14
57% May, 20.
1097% Mar 16
:
i—_i
Preferred
$0
Jan
127% Jan
-No par
Island Creek Goal—1——
10
Jan
90'%
10%
Silver
preferred--
Intertype
200
287%
Jan
161
Dec
5'A Apr 29
——100
No par
7- Foreign share ctfs———No par
Interstate Dept Stores——-No par
'
Hl'%
Sep
63
100% Aug 21
Tntern'l Telep & Teleg/
*9% ■/; 9%
29
*134
137
27,000
4
87%
*28
28 %
-
4 7*;
f
9%
.
•
37 a
37 a
4
Dec
154
4
5
—No
International Shoe—*
*100%
85'%
12
14
International
38%
8
9'% July
29 % July
Jan
77% Sep
'—.-1—100
No par
Jan
Feb
Feb
.preferred———!—100
5%
Jan
157
15
700
;
104 7%
8%
92
.
*27
..
100
Aug
74'% Feb
Apr
3
Co—
'International Salt—JC.
44
1
3
5
•
2074 May
14
12674 Jan
preferred
con.v
24
137%
16
Oct
—-—100
'Inter Rys of Cent Am—
1,008
/// 900
600
3%
9
57«
2,600
■
21'A
4
12'A Oct
28
6
,—100
Preferred
Dec
167% Feb
5
—5
preferred-:.
International-Paper
15,300
2'%
28%
4%
No par
*5»/a May
4% Aug
24
25
Chcm
Dec
67% Feb
Internat'l Mining Corpl-c—
1.1
Int Nickel of Canada————No par
400
11,600
46
*42
•
300
52
%
Mill &
2
18'% Oct
—100
—
3,900
2%
3%<
Y
4
87'a
27 Va
*9%
*27%
37 a
9
*89'%
92%
*89
3% \-4
*3 7 a —4~V
4
*3%
tPreferred
\
10 Va Aug
24
Dec
2]
par
No par
Harvester——No par
Internat'l
Deo
Deo
'
5'% Apr
preferred
97%
45%
287 a
1047%
.
,_No
Coi'p
4'A
11'A
31
42
2
8% May 20
20
Inc___—11
9
:V/
44
*37
1047u
May
' July
Apr
.
54
Int Business Machines—
5,200
~9
37
/
•
74
153
par
..Interlake Ironi,i»B#TS«a4»a=No. par
'
4
-—3%
6 (fo
3.600
Yf.; 8%
Va
2'%
*28%
29
/;
37
V
—No par
—100
;
Int Hydro-Elec Sys class A
Int Mercantile Marine—:
29
46
2'/«
3674
29
38%
9
46
2'%
27%
*
*28%
46
45'%
:
'
.44
Interchemical
400
*128
8%
8%
2
4,400
51 ;/■/:
52
30%
"
21
67% Jun
:
1
—100
Intercont'l Rubber———/.No par
•
•/
162
Y; *2 7 a
2%
*128
8'%
377%
*42
*37
*100%
f- *51
% 3 H
10'A Sep
5
3
Mar 25
4'% Oct / 5
2
21
87%
,
Jan
1,200
Irf
9
*128
87%
9 Va
162
■
100
7 Va
140
•;'■ 2'%
—No par
10
——No par
9
9
9
52
,
307%.
,5
87 a
9'%
./
*274
128
9
9
*51
307%
307%
30%
30 %
*128
"
50'A
51
9%
-9
/
/
3
400
67% -! SI.,—
,8
n
51%
*274
27a
2%
-
32'%
Co———No
Steel
Insuranshares Ctfs
400
,
—100
Inspiration Cons Copper—
•
9 7%
9%
—
1627%
97%
*9
„
-
140
51%
74
n
67%
-
143
*140
16274
163
%
-------674-
140
,,
50 Va
5i'%
'
7
67a
-
139
;
.
107%
77%
Inland
3,800
217%
7'A
Ingersoll.-Rand
6% preferred—
900
87% Oct
22'A Oct
May 13
—1000
A_
Rayon
100
67%
108
110
7'A
1174
series
ctfs
See
■
/v 13
Jan
—.
Indianapolis P & L Co
:
117%
*6
67%
lines 4%
2,900
65%
21
2074
*108
7'A
*6
65'A
100
Co^
Industrial
89%
65'%
RR
preferred series A———-100
Indian. Refining
*150
65
6 %
1,600
27'%
*88'%
7
8,100
1274
27'A
-
90
65
*6
;■'/
1074
Y
155
*150
11
11
'
277%
*887%
*150
1,400
1174
27'%
Central
Illinois
9,000
;
%///■• 474
4 74
*117%
"117%
8'A
••
217%
•
3674
414
117%
10
26 %
*155
36'A
37
4%
11%.
9%
8',%
21%
21
•
4'%'
*4'.4
4%
4%
'
//"#%•//
8'A
21
Oct
67
Sep
/:.!k--:/;/:!;:1
■
*122
6'%
••
/
*122
•
/
57%
H74
/
—
■
27'%
265a
*11
*123A
6%
•
—
..
*103
10374
32
32 74
5
147%
147%
.»'•
—
"
.
-■..
227a
,22'A
;
-
-
•/..—
■
:
27%
774
•
■://
*85
11%
11%
*103
6
//;/■ 27
/./' *774
774
1174
105'%
*103
127%
*67%
32
; /
86
*1274
:1474
r*26
74,
■/,/.
19 7%
27
274
35%
197%
3 74
■v
*103
1274
674
67%
10374
31%
*103
317a
40
674 7/
27
•
^
10374
14%
*25%
26'%
*1%
2V4
■
317%
/•':
800
'
10
12^500
par
conv
—100
1
preferred,.—-———100
Kayser (J) & Co———
15
Keith-Albee-Orpheum preferred-100
*274
*14
*2574
•
1.474
27
'•'i/./ 2 7%
2%
35'%
35'%
35%
35
35%
19'A
19
3
■100
■
2'A
.
;
19'A
19'%
19 3 a
*2 74
3%
*2%
22 7%
257%
26 74
22 74
22%
22%
*227%
26
26
.
Feb
274 Jan
'
16
•./• 6
85
;
7
/
10
Mar 17
.
800
210
Y /'
/ 1,700
/
22'%
i
-2
'
2 7 74 Oct
May 26
13
17
11% Feb
100% Jan
13
11% Sep
Deo
Jun
■
24
Apr
' Jan
•
7
102
93% July 23
Sep
2
>:
13%
5
May 18
4%
xl 16%
///■
/:/
Y
97%
;
6
Dec
2274
6%
65
104'A
Jan
9
Aug
121%
Apr
Dec
Dec
24
13 Va Oct
14
9%
Dec
9
7'A Apr
7
4'/.
105'AJan
20
98%
37% Jan
147% Sep
3
307%
Dec
10
11%
Dec
/
Deo
$5 pt pfd A
No par
Copper—_4—-—No par
Kendall Co
No par
Kimberly-Clark-———No par
Kinney (G R) Co„———
1
$5 prior preferred
—No par
Keystone Steel & W Co
100
May
6
267% Jun
9
29
Kresge (S S) Co^__—
10
Kresge Dept Stores
——
-1
■Kress (S H) & Co—No par
3,000
Kroger Grocery &i Bak—-—No par
1% Jan
Y
5
4
17
7
19% May
Feb
106
25 Va
*9
10'%
'/,
.
•
26
26
26
26 /
*9%
10'%
*974
10'%
:
15
3
5
17%
Dec
37% July
5
23%
Feb
40% July
21
Dec
227% Jan
9
23
Jan
2>
25
29
100
7'% Apr
100
21'% Apr
29
24
No par
11'% Jan
2
147% July
Jan
27
7
22% Apr
Mar
39% July
/;.
/
:•'/
Dec
38
Y 26'A
Feb
2%
X22% Mar
5%
•
'
25 'A
Jan
Jan
2% Feb
3'A Jan
Mar 31
2'/. Jun
8%
40 % Feb
24'/a Jun 25
30% Sep
18
•
'
2
1174 Apr
Aug
"1474 Aug
10'A Apr
Kennecott
Aug
Dec
Y 47% Jan
B
Jan'
121'/a Mar
Mar
100
12
127%
•
Deo
———-o-l
Class
700
;
124
,
.
V;
3%
*227%
■-
117
Kelsey Hayes Wh'l conv cl A—^-ll
1,000
67%
City Southern-!——No
5
..
preferred—
6%
900
13
317%
4%
80
/'//■"■/'A!!
105%
10
& L pf ser B—No par
Kaufmann Dept Stores—.—
1,000
•///
117%
*1374
Kansas
; 1,000
8
86
/
•Kan City P
7,200
'
22 7%
—
27 74
67%
10374
317%
67%
137%
:
,*14
36 '
*2 74
I
6'/%
124
Kalamazoo Stove & Furn—
'
19
■
—
•:
2
105%
.
,!
124
:'%//// •/
*85
1174
.
*103
27
2 74
85
11%
*122
'
7%
/
*674
15
3574
—
—
13
32'%
■
'
*11
10374
*26
.,/;■
19 7%
3 74
.'Y'
27'%
7.'%
*103
13
315%
■
2
*2%
1174/ "
'
35
187%
'
6 7%
85
10374
*14'%
.
—
,
•
6%
'•
'
—
,
7%
0 7a
/;/
—
■'
27
2
35
■'
2.7'%
//;
2 7 74.
105'%
1274
/
/, --////
—
*103
*26
-»
57%
86
1174
/ '
.
/
86
■'/,/
:
..
•
^
127%
*674
77 a
;.'//
11 '/a
105'%
674
2774
—
86
*103
*122
•
7%
7%
*85
:'117%
.
6
—
12%
-
«
29% Jan
5
-,•24
-
Feb
r
Jan
Sep
Sep
287%. Aug
29% Jan
L
*38
17
9
—
39
17
-
.
4
*10
21'%
*109%
38
11'%
38'%
38
38
177%
,
1774
177%
17'%
1774
*10
11'%
*10
*36
177%
38
37a
1—1
i
60
117%
*10
80
26
26
26
*257%
26
21
2 l'/a
21
21
o.>.
11174
110
3%
2,100
U'%
26
21%
O
w
3%
110
37a
*108%
37a
1107%
3%
20%
*108'%
3 74
21
1107%
3V4
Laclede Gas Lt
Co
Louis
St
'
17%
26
25%
*21
11174
37 a
9'%
3%
.
2574
21%
39
1774
„
1174
*1074
25 3
*38
/
9%
5%
Lane
700
.
900
160,
preferred—.
Lambert Co
Lee
——
(The)
-No par
Bryant
Lehigh
4%
Portland Cement—i
-25
conv preferred
-—100
1,300
tLehigh Valley RR———1
1'%
17a
l'a
174
*1'4
17%
1%
1 %
174
17%
1,900
Lehigh
13 '4
1374
1374
137%
137%
13%
137a
13 7 4
13%
137%
3,000
6%
23 '4
23'%
23 VH
23%
23'A
23'%
23
23 7%
23
23
4,200
Lehman
14
*1374
-
Valley Coal—
preferred
conv
Corp
(The)
50
No par
50
1
*13%
14
*137%
13%
13%
13%
100
22'%
22 3 4
2234
23
23
23
22%
22%
*22'%
227%
1,700
Lerner Stores Corp
5
No par
29%.
30'%
30 7%
31
3074
31
30
3074
29 74
29%
7,800
Libbey Owens Ford G1
No par
4'%
47 a
47%
4,100
Libby McNeill & Libby
4%
For
4'%
footnotes
4%
see
page
1391.
4%
*13%
47%
137a
4'%
4%
Lehn & Fink Prod Corp
87% Mar 17
15'% Apr
Rubber & Tire
—7
15
18'% May 29
104
Aug
27% Jun
8
5'A
Feb
41'% Sep
30
17'A
Jan
45'/a July
17»/B Oct
9
10'A
Dec
14'%
Sep
13
Aug
13
May
1074 Aug 24
7
Jan
17'A
Sep
Oct
13
147%
Dec
27% July
23 Ve Jan
9
19'A
Apr
26%
26
Oct
4
113
Jan
16
107'%
Dec
116'%
Jan
2
4
Jan
26
174
Jan
5'%
Aug
17% Jan
20
'%
Feb
15'% Aug 18
2'A
Feb
7% May 25
7
8'% Jan
xl9
Dec
2 Vs July
14%
Sep
17
237% Oct
11% Apr
24
14'A Aug 31
117%
Dec
14'A
18
Apr
20'% Jan
29
23
Oct
13
187%
Dec
5
31
Oct
13
19'A
Dec
27'% [ Sep
457% Jan
5'A Jan
20
37%
Dec
1774 Apr
4
Mar
12
13
24'A
7 Va
Sept
Nov
Jan
/r
AND
LOW
SALE
HIGH
Monday
Tuesday
Oct. 10
Oct. 12
Oct. 13
28%
t
Oct. U
S per share
shart
per
*28'/a
28%
"57 %
58 V'2
60%
60%
>172%
"29%
58
57
57
60%
00%
60
CO %
*172%
174%
61
*22
23
*172%
t
1
*
f
r "
1
■+
,
*
T
1387
Range Since January
STOCK
YORK
174
i' 27
27
•'
34%
12%:
12%
*12%
12%
*15%
15%
*15%
16
15%
15%
15%
15%
15%
21%
22
21%
22
21%
21%
44%
45%
44
45
43%
44
36%
37
37%
37%
4%
4%
4%
18%
*18%
•
21
21%
%
43%
44
*37 %
37%
36%
37%
4%
4%
4%
4%
v
18%
14%
15
15
61%
61%
61%
61%
18%
'
.
Link Belt
I
Lion Oil Refining Co—ii.
1,100
v
Liquid Carbonic Corp....,
-No
-
'.
>■
37
36%
Star Cement Corp.^
—No
par.
31% Jun
'
16
15
15%
15
15%
61%
60%
61'/a
Lorillard
130
"15%
.
1,000
60%
1
(P)
—No. par
Jan
Jun
30
Jan
37%
Jan
;
128
28
28
13
11% Apr
55% Sep
—No par
——100
31%
Sep
39%
Jan
Oct
45 Va July
Apr
3%
13%
30
Dec
Jan
19
Sep
12% Deo
142.% Dec
16
18% Oct
149
.
1%
,16% July 29,
.
Jan
Apr
May
35
4% Oct
16%
19%
1
42% Jan
Mar 30
13% July
Apr
6.
.
11% Apr. 29
i
13
,45 Va Aug
16
Deo
May
9% Dec
,24% Jan
.
2
Mar 13
15
25
100
Louisville & Nashville-
<"
23
2% Mar 27
.
-10
Co.--—
7% '.preferred——
-
Louisville Gas & El A
900
60%
*15
;
»;■
6,500 V
143
6i
/;
400
18%
16
143
Jan
21
2
14
par
18%
18%
189
6
15% Oct
-No
Long Bell Lumber A
Loose-Wiles Biscuit.—
Jun
17.% Dec
Jan
22% Sep
x20%
Loew's Inc—,:
2,700
174
29
x29
Lockheed Aircraft Corp.—
4% •
Jan
8
4,200
*4%
98
9
4,200
Lone
Va Nov
4
/
.
64
'Oct
/
1,400
Jan
5
12% Oct
43%
•
96'/a
35
21%
'
Dec
32% Feb
36%
-
Va
11% May
1
14% May 20
par
43%
21
-
:•
64
28% May 21
9% Jan
2
par
-No
Jan
12
74% Jan
22%Jun
*~No par
1—.
Co.,„
shart
39
73% Jan
175
t per
Nov
18
■,
Highest
share
per
32 Vb
3
33
164% Apr 16
16% Apr, 14
.
No,par
.
300
'
16
*143
145
Lima Locomotive Wks—
par
1,000
145
15%
16
*143
14%
■/;
18%
15%
15%
-No
1,200
'
35
;
>:
18%
■
"''35
»
100
-
Lily Tulip Cup Corp—:,.
t
$ per share
Mar,13
50% Apr
i——25.
...
Year 1941
Lowest
Jan
50% Apr
25
-
tPreferred
'
27; -
15%
145
2,300
-Series B
.
80
23
12%
.
Liggett & Myers Tobacco.
20
Range for Previova
1
Loti
Highest
t per share
5
Life Savers Corp
100-Share
of
Lowest
.
Par
1,200
174%
*22
34%
*12%
15%
■
27
12 %
145
-
22%
:
r
Basis
On
EXCHANGE
400
♦
34
34
12%
15%
59%
60
27%
27%
33%
145
57%, A
34
27%
12%
.
NEW
for
29%
57
V
27%
27%
'
.
174%
*22
23
34
'
p
,
Shares
,
29%
29%
57%
*12
15%
H*
t
the Week
S per share
30i%
29%
*33%
i8%
Oct. 1<>
$ per share
t per share
174%
*21%
23
*142
^
J*
STOCKS
Oct. 15
58%
60%
173%
4%"
*
Sales
Friday
Thursday
1
29 %
58 Mr
173%
(
A,
'
t per shart
27%
li
^
PRICES
Wednesday
Saturday
"21%
^
9
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4117
156
Volume
-
19%
Jan
162
Dec
Jan
9
18% Jan
8
15
Dec
22
Sep
2 :
76% Jan
26
60
Feb
74%
Nov
19
'' Deo
31%
Jan
M
17
17%
*122%
'•
18
*122%,. 128
128
17
19
*17%
19
/
-
*122%
128
.*122%
128
-
29
29%
30%
30
30 Va-
29%
30%
*29%
20
: 20%
20%
20%
20%
20%
20%
20
20
'*10%
10%
10%
23%
3%
24
3%
3%
3%
*10%
•'
11
6%
.
14%
*1%
.
3%
*
*14%
3%
6
6 %■
>■
14%
14%
'
"■
:
■
:■
3
3
T
1%
2%
10%
l%r
*1%
3
11
3
*1
■
14%
•••
:•
s
100
>
C
10%
10%
1
10%.
11%
10%
10%
10%
10%
xip
io
23%
23
23%
23
10%
;
23
•10
-
;9%
•
V-
35%
17% Apr 30
10% Aug 25
21% Jan
5
17%
Dec
29%
Feb
14%
31
4%
4%
4%
21%
/
23%
23%
4%
4%
•
23%
*2
>15
2%
2%
15
15%
>87
90
22
23%
2%
?
■
90
?
V
•
2%
/
*11%
*101%
*22
11%
11%
90
22%
22%
*121%
>■'
11%
103
103
103
.
12%
15%
..*88%
11%
8%
*7%
28
28%
27%
12%
13
23
*8
28
12%
13
*101%
103
22%
11%
Jan
32 VA
Sep
Sep
6 % J an
6
3%
Dec
12 Va
Jan
28%
Jan
Masonite
200
.■
—..No par
—No par
00-/^...^-.,—1
Corp
Alkali Wks—— No
Mathieson
,
8%
27%
29
12%
13
29
:
"
•.
29 %
.
21%
19% July 28
par
29% Jan
6
24'/a May
5</o
10
*106%
110
*106%
,i i
*6%
6%
*97%
101%
?
6%
6%
6 %
*64%
28
90
Dec
,12% Sep 28
8
*59
6%
101%
*24%
24%
5%
;
24%
5%
5%
*27%
29
29
*31%
33 .:
32%
*28'
29-
*
0%
>'
*28 %
6%
17%
6%
17%
*22
17%
>
23%
22%
*99%
H
62
.; *59
/-/'
53/8
5%
5%
29
28%
28%-
32%
32
32%
29
-
*28 %
29 %
6%
17%
17%
23%
*22%
17%
23
101
101
:
50%%
50
50%
108
*105%
108
%
113
*109
113
% i
13
13%
,% i%
,./•/; 4
'4
3%
13%
116
"
&
4
116
31%
*30
35
Min
Merch &
6
103%
Feb
109%
Nov
Oct
13
13%
Dec
25 Va
Jan
Feb
28
3%
-
122 %
*116%:
109%
...
:
31%
.
..
par
64% Oct
15
par
60
3,600
16% I-.
'
400
900
*116 >
.
119
-
;
109'A
7
5
Dec
70% Mar
Mar 24
77
82
Dec
71
72
Feb
3
54
32
; Jan
2
27% May
Dec
21%
Feb
•29%
Sep
7
14
Feb
30%
Apr
30% Jan 16
24
Dec
37
Jan
29
Oct
13
Apt
15
33% Oct
24%. Apr
28
.
»
4%
7'/« Jan 14
17
•
Oct
18
.12% Mar 12
Mar
17% July
Dec
38%
13
'86
7
34
23% Oct
52
Oct
108
Oct
■;
2
103% Jan. 19
9
15%
'
15%
'
Nov
105%
Dec
1%
Dec
10%
10%
1
,."10%:-,10%"".;
12%
12%
12%
12%
:: 12.
22%
*22
*22-
23/%
*22%,
•! 2%
3
14%
"
3 Vb Jan
May 21
Mar
13
23
22%
,
3
■
3%
3;
-
3
•
l%Oct
9
1% Jan,
4% Oct
16Va Oct
2
10
Jan
7
77
Feb
10
112
Mar
118%
Mar 16
115
Mar
123
Aug
preferred——No par
Preferred series B__—
No par
$4.50:
59
*57%
*58 V
£2
58
59
4
58%
v
>"■ 58 %-',T 58 %
*14%
14%
*14%
15
*14%
15 -'■/>:
59%
*59%
60
*59%
60
*58%:
110%
110%
110%
110%
5%
5%
*34%
36%
*34
36%
,3%
*3
3%
6Ya
*5%
6
:
36%
'
*34%
•
110%
V15
3 % i.
50.
35%
500
*3','
3%
6%
180
1,800
*3
6%
110% c:
n 35
*33 % 4
:
i
■5"5%V.
5%
35
100-
•'
—.1
preferred—•——t-No par
Mupsingwear Inc.—.—.—No par
Murphy €0 (G C)——-5.-N0 par
4%% preferred—100
Murray Corp of America———10
Myers (F E) & Bro.
-—No par
Mull ins Mfg Co class B.
3,200;
: :
'
.,-58%' "58%
60'::r r
109% %*.' *110
109%
110%
5%
-
Mueller Brass Co..—1
*14%
*14%-15>/'/':
59%
Motor products.
200
f60
.
>><;*:
,
.—50
Corp——.—No par
Essex..——>
&
Morris
23 /
*58%
'-3%
.•
'
I;
15%
—U——'—10
Corp—.—.
Motor; Wheel Corp.-..-————P5
?
79% July
Feb
Mo-Kan-Texas RR_-„—No par
7 % preferred series A-100
preferred series C--—-IV0 par
Montg Ward & Co Inc....—No par
Morrell (J). & Co.—„^
No par
;
Jan
Dec
52
4
4%
14
500
*22:.'«
'•!,/
23
.
2,800
Oct
110% July 20
xl07% May 19
13% Oct
12%'
*11%
112
Jan
67
$4
1,030
10% r
10%
"■//:
12%
,■
Jan
Jan
45'%
28
10.
14%
14,% is 14.%'"'.-' /
10% -10%
12%
10%
15% *15%
10%
15%
125
Dec
'
% Jan
/
2
12% Feb
66
2
;
27
.*
91
May 15
110
May
8
117% Feb
115
May
1
119
9%
*%
1 "
$7
9"
24 Va
Dec
39 Va
Jan
42 Vb Mar 12
35 Va
Dec
43%
Jan
21%
Dec
30%
Aug
32Vb Oct
Aug 26
13
Oct
1
29% Mar 25
"
10.7/b Oct
2
Sep
25% Jan 20
3% Jan
2
11% Jan
.
Dec
12
Jan
9 Va
Dec
17%
Jan
24%
14
'
11
Jan
5 Va
18% May
16
12% Oct
2.
'20% Aug 27
50
1%
20
Feb
4
;
63
,
15% Aug
7
61%
15%
Oct
8
4
Dec
39% Feb
7
34
Nov
74%
Jan
51%
Deo
Sep
8%
Apr
6
July
Jan
19%
Dec
8
*
6
.2
30% Jun
74
9% May
4
69%. Jan
Dec
4% July
Dec
Feb
46
110% Oct
49 .«
May
6
108% Sep 18
4% Jan
Sep
Oct
36
23
Sep
113%
23% Apr 24
6% Jan
Aug
94
Jun
6
28
'9% Apr
Aug
17%
Dec
July
108%
110% Jan
102% Apr
Oct
1
3%
Oct
Dec
12%
i r
*12
Jan
13
102% July 14
30
9%
Dec
8
17
16% May 18
1%
Oct
6%
24
35% Jan.
Aug
Feb
22% Jun
88% Apr
July
.
33%
3Vb
5% Mar 23
2
Apr
Sep
Jan
July
26
."
9,100
8%
Apr
8% Apr
Mohawk Carpet Mills——
—20
Chemical Co——.10
10;
Dec
101 Va
57% Jun
Monsanto
20 V
r
119 /> / / *119
122
109;:^- 4. * 108 % • 109 % •>
31% '/ ':■% 30%. 31 :a
// *32/// 39 %'■:
31%
119
.
5%
5
4% Jan
5
Nov
110
11
14
7% May
Sep 17
20% Jun 27
.',21.
Dec
Sep
preferred—-—-—No par
Mission
.
5,500
par
conv
4%%
$6.50
3,900
78
:
119 :
*108%
.30%
*31
*30%
1
& V/,:3 %/%■ 3.%X, •
3%
•■'••77%;='7-7 %>■■•.
119.-/'/
-
13%
:
;
100
-
1 »/4
13%
*1V#
1%
1,800
:
103
Sep
15%* Sep
9% Dec
Jan
108
8
pfd series B
.100
preferred series C——-100
Minn Moline Power Impl—1
.4%
.
37%
7% Jan
1
Jan
No par
Prod
9 % July
Dec
26%
16
28
109
May 20
6
1st preferred—-——100
cum
Minn-Honeywel] Regu._—No
.
-
62% i
*60
62
*16%:-16%
16»%.
1,700
8%
,
-
2%;
'2%
1%
470 i
50% <;
Steel
Midland
300
I
Jun
Dec
'
"
6
Mid-Continent Petroleum..——-10
6
13 Vb Aug
34%
;
2
Jan
5% Jun
—P—5
l—:——5
Copper.—
Aug
8
Apr
par
16
23
108% Jan
94
par
trans Q0-+—N0
Machine, Co
Miami
3,000
'
113
13%,; 13%
78 %
32%
31%
35
'
Co
Dec
3
101
1
100
1
(The).—__——.1
1st preferred———50
conv
Mesta
.
102
108
■
*108%
109%
23
'
*109
•
*118%
122
*108%
•
•50'A.
50
62
*116
*
*118%
.31%
\
1,000
1,900
173«
-
*105%
3%
3,%.
*77
*22
'
*101
-
113
•2%
L%
i6%-
16%
•'/
22%
102
49%
13%
1%
i-
17
*109
63%
*62
78%
o.
122
109 "3
*30
-
78%
109%
*118%
f
*16
.
6%
*105%, 108
•'2%
2%
1%
16%
'
2%
13%
78%
118
>
63%
13%
-
-
16%
78%
*116
*
■;v i%
■y: i %.
'
2%
5%
29% f-
6%
17%
,,.102
-
50%
*62
Mengel
170
31%:i';
6%
22
-
*109
2%
29%:
..
17%
-
*105%
C4
——
Melville Shoe Corp—.—
1,000
*28%'
Co
■
50
*
/'
2,100
5 Va i
.'
28%
32 Va
6%
■
113
j
'5%
28 %
-
Stores
14% May
12%
17
9%
■
*28%
6%
:
6%
108
2%
v-
/
24% r
■
preferred
conv
Jan
Dec
6
Jan
Apr
27% Oct' 13
InC————18
.100
preferred-Mead Corp..———No
1,700
120 / /
$6 preferred series A—:.—No
$5-50 pfd ser B w w
-No
6Va
61
31%
28%
'
,*31%.
49%
*61
*28%
-
•-•v
6%
66
'
24%
24%
5%
5%
'66
*59
'
5%%
McLellan
700
.
101%
-*6%
7
-
a
61
x24 %
*109
-
64 7
•
25%
*105%
'
6%
64%
64%•
24%
25
101
100
101
6 %
6%
64%
>;*59
6%
■
*97%
-
-
200
108
■
■\ i'r'*6%
6%
*97%
6%
62
■
108
108%
6%
McKesson & Robblns
Apr
6% Jan
14,
—5
Mclntyre Porcupine Mines—
*
3.300
107
*90 VB Jan
99% Aug 21
—,1
McGraw-Hill Pub Co.———No par
3,800
12% "" 13
.
101 %
64%
62
,
6%
:
6%
64%
13
*97 %
6%
101%
64%
*59
*107
107%
107%
109%
6%
*97%
.,
'■{'
13
Jan
28
2
14
Sep
2%
Dec
6
May 12
Aug
56%
Dec
Mar
9
"
■
Dec
1
Sep
176
15%
6
Mar
Jun
76
preferred——1100
conv
15
18
Sep
31%
Jun
40%
7
2% Oct
5
24
28
Dec
171
13
Jan
46% Jan
29
Apr
1 % Jan
Corp..——r—1
Stores Cor-p——_.U-1
176
Apr 20
13% Sep
Stores
McGraw Elec Co.
100
,
6
31
•
'
2,500
;:
8%
28
29
100
103
13
preferred——.—100
McCrory
May
28% Oct
24% Jan
162
;
i
19
1
19
Department Stores;
—10
Maytag Co
———No par
$3 preferred.
—No par
$6 1st cum preferred—j,.—No par
1,300 /,
■
11
Aug 31
22% May
,.
May
800
-
Co—
Corp..—
Master Elec
1,300
22 %
Dec
17%
1,100
'
3%
Dec
McCall
*7%
2
Dec
"
/21%
Jan
X20%
;•
*101'
5%
6
40
8/
1% May
Dec
7
800
22%
8
Jan
2%
14
,*11%'M1%
103
X22
.......
%
5
12% Jan
"
11%'•
11%'
31
26 VB Jan
1,300
95
Sep
1% Jan
3% Jan
,11% Oct
;/
...
15% '
.'•/ *88%
•'
Aug
16%
8% Apr 17
*1212%
95
12.%.... 12%
/
11%
*101
i
23
8%
*7%
12%
Apr
Dec
7%
.
4
% Mar 27
2% Jun,
4% Jan
■
12%
12%
12
26
4%
Dec
17% May 20
3% Sep.
4
Martin-Parry
2%
2%--
16% Jan
12%
■
preferred.*100
pr
(Glenn L)
1,200
37
15 %>
1%
5%
Feb
15
2,
1
7 %
267«
30
6% Jan
May
Martin
*163'A
•;
4% Jan
5'
11% May 18
Sep
Aug
July
Marshall Field & Co—-No, par
2,000
23%
•
Dec
Market St Ry 6%
v
//
21%
19%
13% Jan
'27%
4
2,600
•
•:
*20%
2%
*15
15%/.
90
■
/ 23%
26%
•
4
28
.
'
36%
2%
*15
15%
*87
38
/
28
23%
'21
23
;
22%
" >4
•
*163%
36
38%
2%
V
%
21' '
20 %
*163%
38%
38%
38%
.*
28
28 Vn
23%
*163%
*163%
4%
28%
4%
28
*
21%
23%
,%■
22
*20%
4%
'
28%
28
28
28
22%
28
May
Dec
3,400 /
9% '.
'
23%
Jan
2% May 22"
par
"
22%
22
11
5.770
•:
11
■}:Z 10%
10%
9%
•;
Jan
Apr
'
23%
138
23%
Corp.—*.—5
Midland
Dec
2
20
Maracaibo Oil Exploration—:
Marine
'
X32
,35% Jan
.*-25
Manhattan Shirt——
100-
16.300
.
Bros.——J— No
12
27'
Jan
3
Copper—
Mandel
23J/iJan
131
27
1
Garden—^_v.^__No par
—10
Manatt Sugar Co——.;.
1
300
1
Apr
27% Aug
M2dison Sq
Magma
400
'
•-
*13% V 14% '
r*i %
i% ■
/' 3.
3
'•
*
1%'
■': 3
2%
3
124
Co Inc—No par
Macy (R H)
300
'; :r
6
5%
i'
1.500 V
23
3%
3%
-
6%*
:
15% Apr
10
preferred—
—U00
Mack Trucks Ipc————No par
500
11
•
22%
'
%
1
•
-
: 2.300
% \
20% 6
n
23%
'
*6
■
14%
*14%
1%
*13%
11"
*23
3%
.6%
,*6"
*10%
23%
23%
'
*6
,',n
.
6%
•
23%
11
*23%
500
&. Forbes—^
MacAndrews
.1.
19
128
,31
30%
•
*17%
*17%
*122%
,2
r
N
*3
3%
*3
''
6%
25%
18%
:
-
.
:6%
26%
25%
18
18%
•17%
.
4%
4%
7%
;7%
8% i,
8%
8%
15%
•
i5%;;,
15%
15%
4%
■
.
*160
163 y2
'153
15
*14%,
*4%
V
15.
17%
17%
8%
15%
15%
"160
18
8%
■'
*160
*4%
-
■
7%,
*7%
8%
'16
8%
163
-15%
.
*160
//
8%
6%
6%
6
9%
9%
*9%
9%
9%
25%
177A
17%
5
4%
69%
13%
5
.
69%
13%
25%
'
138
16%
*137
16%
33
Vb
5%
16%
:
53%
5%
;
,*32 Va
2 VB
53%
1
2 Vb
170%
140
16%
33
2%
-
170'%
16
2 %
52%
5%
*5%
12%
13
53%
•12%
*56%
—
63
*61%
58
63
138 Va
16
300
%
1,700
15 ? :
6%
Va
33
2%
53
5%
9%
*9%
9%:
200
25%
24%
24%:
3,400
•
17
:
*16%
17%,
200
5
:
4%
5%
11,000
71%
■
13%
*71
71%
13%
*165%
*136%
16
*32%
2%
*165%
170
16
32 Va'
2%
...
170
''
"
2,200
16% May 27
Jan
23%
Sep
1
13% May 26
18% Oct
9
13%
Dec
23%
Jan
4% Oct
13
2%
Dec
7%
Jan
Jan
National
137
30
16
1,000
*32%
32%
100
2%
2%
10,200
*52%
52%
52%
5%
5%
5'A
conv
7%
& Share
:—
Bond
18%
Jan
1
166% Jan
14
160% May
175%
Jan
May
12% Apr
23
15% Oct
13
12%
Dec
17V»
Jan
3%
Dec
9%
Apr
5% Jan 26
15% Aug 25
National Dept Stores— —No par
-.10
G% preferred——
4% Jan
Nat Distillers Prod———.—No par
Nat Enam & Stamping..——No par
17% Apr
,
$4.50 conv preferred.—..-No
National Lead Co
——.
par
.10
preferred A—...—- —.100
100
6% preferred B
...
Nat Mall & St'l Cast Co— .No par
National Oil Products
National Power & L%
Steel Corp
National Supply
12
12%
12%
400
$2
58
58
57%
57%
200
5 % fc
6%
(The)
Co—
...4
...
.No par
....
—25
Pa_.
11
8% May
10
6
14% July
Dec
11
Jan
Jun
16%
Sep
Dec
Feb
10 Vb
Apr
25 Va
Dec
20%
Sep
Dec
8%
Jan
Dec
6 Vb Oct
13
1
7%
28
Jan
2
11% Apr
25
Sep
28
17
17% Oct
10
11
26
5 Vb Oct
16
3%
Mar
5
58%
72
16% Jan
12
145
May
6
168
Jan
29
129
Mar
17
146
Jan
7
13% July
2
28
35
17% Mar 17
12%
Dec
Sep
Jan
Jan
Dec
24
Feb
36
14%
26
53% Oct
13
42
Dec
May 14
6% Jan
28
4
Dec
25
19%
176
16
16% Feb
93%' Jan
154
43% May 28
10
Sep
Dec
5
9% Jun
Sep
Nov
-
20
4
Sep
160%
Jan
1% Apr
8
138
3 Vb Jan
29% Apr
Sep
Dec
10
9% Aug 21
24
>.
12%
X
9
14% Mar 17
60
18 Vb Oct
3%
3% Apr
National Gypsum .Co.—....
.
2%
8%
Dec
Feb
Dec
7% Mar
68 %
Jan
7% July
16%
Nov
preferred.———.
40
63
Feb
6
68
Sep
100
45% May 22
41
prior preferred——.
Feb
5
Feb
Sep
May 19
70
75 Va
51
43
preferred—...
100
3% Oct TO
Dec
5
2% Mar 30
2
9 V8
8%
Dec
11 Va
Feb
Oct
4% Oct
6%
Dec
9%
Apr
conv
prior
3%
3%
3%
3%
3%
*3%
3%
3,300
National Tea Co
5%
5
5
5%
5'A
5%
5%
1,600
Natomas Co—
8%
8%
8%
8 %
8%
8%
8%
8'A
8%
900
11
Dec
30
3%
1391.
Dec
12% Apr
5
page
9
6%
13%
7
-No. par
Nat Dairy Products
5
see
Dec
8
16
7% Oct
7%
National
.
5Vb
8% Oct
16% Oct
9Vb Jan 17
3,200
30
140
May
16
2,000
61
13
5% July
5
5
6% May 16
6% Sep
3-10
Register—...... -No par
—I
CoT-
Cash
12
61
24
'
2
13
CO
Apr
5% Jan
•
2
5%
53
3
Jan
3%
footnotes
par
;
3% Jan
3% Jan
4%
For
.No
Corp..;
National Can Corp
Nat
3 %
*8%
100
preferred-————
58
60
—-1
.10
preferted.——
Aviation CorpP— —5
National Biscuit Co——— —.-10
6%
National
*56
63
2
Co———
Nat Automotive Fibres Inc.
*12
*60
Acme
1%
,
*15%
137
137
170'
71%
13% "•14
.
:
14 Va
National Cylinder Gas
600
6%
Deo
Dec
5
'
6%
1%
3
x
13
Nat
10,700'
3Va July 14
6% Oct
1,200"
15%
i-
26% Oct
2,700
17%
-8%:
4%
*165%
*32%
16
*5
6
2
200
17
5
13%
*137
163
24%'
25%,
17%
•
*
*9%
9%
70%
5%
—
'
6
400
11,600
8%
8%
1,300"
2,400
16%
17%-
17%
1,100
.'• •• 4%;
"'/7%.
'8%
*4%
;
15%
15:
6
13%
53%
-
58
*61%
14%,
8%
Vg
70 %
70%
*165%
—
4%
5
8
15 Va
*17
13%
...
v
X25%
70
./
172
33
26
17%
26
17%
17%
430
17%:
*15%''
15% " 15%
:5'/a
"5% '
'f
5
15%
6%
*6
13
16
17%
-
15%
.
*
*56
163
*15%
15%
8%
15% i
2
*7%
8%
15%
163
17%/-
4%'
4%
4%
1,7% ;
26%/;-' 26%:
,.V
17%.
.17,%
8%
15%
8%
15%
138
17%
14,900
1% Jan
-No par
Liquidating Co.—
5
Nash-Kelvinator Corp.»-^Nash Qhatt & St, Loui3—- —-100
Nabco
3 %'
,^.6%;e"6%r"
26'%"
26
25%
...
5
*8%-
*165%
--
''
17%
■
*7
-
5
»
-
*4%
•
7%:,:
8%
4%
*7-
.
:'6%.
6%
26%
25%
18%
:.
6%
-
Nehi Corp
..No par
No par
——No par
5% Mar
10
7
Feb
8% Oct
6
14
Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
1388
Monday, October 19, 1942
NEW YORK STOCK RECORD
stocks
low and high sale trices
Monday
Tuesday
Oct. 10
Oct. J 2
Oct. 13
Oct. 14
t per share
I per shart
S
per
Oct.
15%
,2
15 %
*14%
74%
74%
*72%
74%
*73
37
*35%
37
*36
37
15
36%
'
*108%
*108 Va
•'
'
26%
99%
*29
29 Va
"
•:
14%
20%
19%
19%
19
98%
97'%
97%
*97
2 9'a
5
14
*65
67%
w(W'-
108%
■>
5%
.
27%
17,200
-
19%
18%
19%
2,300
97%
97'A
200
28
28'%
600
New
York Air
New
York
11%
11%
11%
115,300
13%
1,400
14%
.14%
14%
42%
41 %
42 r.
41%
41%
3,100
15%
*14%
15 V«
14%
14%
*14'%
14%
2,300
'
'
'
'■
4%
14
*13%
14%
*13
14'%
68 Va
67%
67%
*65
.67%
*65
67'%
90
*12%
'
'
68 Vu
90
90
*87
*87
.
90
90
Highest
15% Oct
10%
14
Sep
15
36% Oct
t per share
9
$ per shart
70
'
—No
17
Deo
July
69% July
79%
Dec
31%
45 Va
Omnibus
Jan
10%
30% Feb
16
22%
Apr
31%
Jan
11% Jan
12
5%
Apr
11%
Aug
25% Jan
2
19%
Dec
12
16
100% Jan
9
32% Feb
5
12% Oct
13
17 Va Feb
6
10%
6
25
Feb
36
Jun
10'a Jan
4
par
11
2
51
2
15% Jan
61
80
■•
27%
116
Jan
July
45
Jan
26
Dec
7
Dec
15%
Jan
Dec
18%
Aug
Feb
47
%
Aug
24'a
Jan
12
8%
Jan
23
4'a May
5
8
Apr
18
Oct
106%
Dec
112
Jan
110
Jun
115
Feb
42%
Dec
60
ti
6
15
May 22
•
••
106vi Mar
15% Feb
May 25
12% Apr
50
preferred—
.
11 % Jun
—50
rr Co——
non-cum
17
17'a Sep
;—No par
Harlem
ny &
Jan
28
23% May 21
6% Jun 24
—No par
——No
110
Nov
105
109 v2 July 27
97'a Oct
v
—100
Corp.
Dock
Mar 10
Dec
7'a Apr
par
__
27
22% Apr
Louis Co—__—_100
preferred
30
A-'"'
Central
York
5%
100
90
„
5
75 va
Apr
104
pur
preferred series a
nyc
New
200
5
*4'A
4%
14
4%
6%
'—No
Brake
n y Chic & St.
41%
14
Year 1941
Lowest
I per share
shart
Jan
Range for Previon*
Lots
Highest
70% May 26
n'port News Ship & Dr Dock
1
$5 conv preferred
.i-.__i._JVo par
29
43'a
4%
11
.1
97 %
14%
-
preferred series a
Newport Industries—
13%
4%
'
'
100-Share
28
100
No par
100
10
_
Newmont Mining Corp_
1,700
10'%
(j j)
Newberry Co
•
9%
10
serial preferred
conv
of
'
100
*26%
27%
4%%
$ per
.
1
Nelsner Bros Inc
10
•
11
12'a
11%
15'%
14%
■
'
90
*87
37
300
74'%
*36
Par
15
15%
*12%
*73
Basis
Lowest
Shares
42%
•
— —
*4%
12 Va
*14%
On
.
29
29
x29
29'a
12%
'
•
—
15%
,
exchange
14%
43
14'a
9%
14%
42%
26%
10
''
12
11%
27
9%
■'
20%
20
*97%
26%
'• '"•
•
■
—
per share
36%
"108%
*108'%
'
;
10%
19%
i;
26',-a
*97 Va
io'a
26%
10
'
26%
9%
S
Range Since January 1
stock
york
new
Sales for
the Week
74%
15'a
75
*35%
15%
15
$ per shart
shart
*73 Va
*14%
Friday
Oct. 16
Thursday
Wednesday
Saturday
110
Feb
6
May 20
109
Feb
18
Jan
26
Dec
/
8
Sep
-M
6
27%
28 :
28%
*27%
n;
2%
2%
%
%
13.
ltf
2%
*%
*
%
24%
23%
21 %
24 "a
21 Va
*21%
24'A
*21%
%
»
is
11,700
i«
V
163
160
23%
23%
23%
22%
160%
830
*112 %
113%
112%
112%
113 mi
113%
9'A
9%
9 %
10%
9%
b
113%
113%
113'A
-9%
9%
9%
*47
50
47%
*46%
50
*46%
37,500
49%
300
47
100
13'A
13%
7
^
—
7%
106%
100*2
*14
-
-14'A
*35%
•
*106'A
■
—
107 vi
-i"-.'.—
36%
":l
7
•
106%
14'/8
14%
36%
36%
36'%
*35%
*32
lA
*8
8%
*91
7%
Jun
29
108
Aug
% Oct
Jan
a
a Jan
1%
Feb
Oct
Va
Jan
35
Sep
32%
Jan
3
30% Jan
23% Jan
a
2
23%
Dec
'
Dec
179%
Dec
19
7
Mar 26
>
192
Jan
14
Mar 10
116 % Sep
29
109
215
Feb
*
Oct
Jan
119%
Oct
10% Jan
5
9%
Dec
17%
Jan
52% Jan
26
50 Va
Apr
58%
Jan
53
Jan
27
50%
Dec
57%
Jan
14
Jan
6
17%
Jan
96
Jan
31
7% Oct
6% Mar 31
10
10"
23
■
3
15% Apr
100
North American Co
3
107
f
.
14%
37
14
■
'v
*2%
v'%-
,
;...
•
*8
3
2
13
Telegraph—!
100
Apr
8
Apr
14
31% Apr
27
.-50
Preferred
1
Jan
20
10%
93
Dec
98
July
3%
Sep
8'a Aug
Dec
20
-
7%
34
Mar
18
34
14
10% Jan
29
Nov
Oct
4u% Nov
2%
Dec
Jan
Dec
21
Oct
'.'*'•14
Jun
Jan
%
3'a Oct
Feb
113 '/a
Dec
'
14% Oct
38
6% Apr
i—2.50
107
110% Sep
2
7% Sep
50
:—-—
—
Norwich Pharmacal co—.
.400
x
'
Norwalk Tire & Rubber—.—No par
50
1
4% Jan
Lines——No pur
Air
Northwestern
1,400
,
rav"
8 Va
14
pfd——No par
tNor States Pow $5
Northwest
70
32'A
*30%
8 "a
350
•:
'
14
37
9% May 21
85% Apr
100
Northern Pacific ry—
900
107
">
Apr 29
25
50
Northern Central Ry Co——
30,000
Apr
39
1
American Aviation—
North
5,900
v
7%
*35%
.
32
*8
•'
39
50
50
preferred series
5%% preferred series6%
92
7%
.
107'%
2%
33
12%
12%
12%
31%
3%
3 %
3%
8
47
48
92
14
32 Va
8%
—
•V:
107
107
3 Va
—
—
8%
8%
*91
7'%
7%
32%
3%
32
32
12%
13'a
14%
14
'
■37
3%
7%
*46%
92
*91
7%
—-v
—
12%
92
*91
__
:
13%
13
—
__
92
*91 Va
*47%
48
48
48
50
*46%
50
19
143
Oct
16
14
preferred—
Adjust 4%
110
*, 3
2% Sep
'
48
47%
Va Jan
{Norfolk & Western Ry—i.
•
10
54
3
2
y Shipbldg Corp part stk—1
Noblitt-Sparks Indus Inc
5
100
100
159%
23
1
"
Jan"
—100
& Western-:
y Ontario
Oct-
% Jan
n
1,300
*21%
160%
113 %
162
tn
24
"
100
preferred
Conv
100
•
9%
161%
jnynh & Hartford
20,500
1%
100
-100
n y Lack & West Ry Co—_
100
26%
A. :>■
1 %
160
*21%
23
162
161
i.i
1%
lb
23%
23%
23%
23%
*
%
*%
%■
1%
26%
27%
3
2%
2
2%
27%
28'A
■%
28
I It
1 H
4 1
7%
27Va July
Dec
13%
Feb
O
9%
9%
25 Va
4
16 Va
*142%
16
15%
143%
*142 %
*22%
24%
.
*22 Va
'
50
Va
*46
*3%
46 '/a
—
;
*115%
V
117?
*115%
-
—
25
9%
:
9%
9%
24%
24%
4%
4%
68 %
68
3%
*3%
24%
4'%
-A
68
67
9%
24%
9%
9 Va
25 Va
—No par
Oil Co
Ohio
10,000
,
4<%
4%
68%
68%
67%
4'/a
4%
4%
68 Va
*3%
3%
3%
3%
3%
3%
161a
15%
16%
15%
15%
15%
143'%
142%
*140%
143%
*140%
400
15%
143 Va
3%
143
*22%
24
*22%
24
45
46
*45
46%
*115%
117
*115%
117
*22 Va
24
45
*115%
'.I
50%"
*8%
50'% '■"51";
•
'
15%
*18'A
v'A. '
.
—
25
*15%
/
*8%
8%
*8%
*6%
6'/a
6%
:
*24 Va
'i
■
iv
20%
19
25
15%
15%
'-'"v.
31%
t/o
' :
;V-:.v.—
2%
7'V-»
•
15'/a
19
*18%
21®f«
8
2%
*7
7%
2%
;•
32
*120%
18%
18
84
__
•
A.
Pacific
31 Va
500
Pacific
Ltg Corp
18'A
1,600
Pacific
Mills
85 Va
-
2%
2%
2%
814
8'/4
*7
*103 Va
'
.;J
__
.->•
*30
V
*97
A::
'•
17%
*
*120
—
1%
2%
7%
21%
7%
2'/a
2%
*30%
,
122
■v5
2
*30
103
*97
16%
17 Va
16%
120'A
118%
-
2'/a
103%
32
*97
17'A
*7
103'/a
32 Va
102
21 Va
.<!:
7%
103%
104
2%
8%
8 •!
*118%
3
23%
15%
1%
1%
2%
*7
103
17 Va
120
15%
*14%
1%
1%
A'
4%
16 Ta
120
;••.
•
6 %
500
"
Park
3,600
16
v
*1
24%
24
22%
54%
55
55
54
54
*53 %
72%
73
73
72
72
71%
3%
•1%
3%
1%
-
*1%
3%
40
*38
*13%
*13%
14
*106
24
•'
24%
*2
19
*42%
45
*2
23%
6
23%
6 %
6 'a
47%
4 7'a
46
700
Parker
900
25'A
11,300
Patino
Transportation—_No par
Mines & Enterprises
10
25
25
24%
24
24
5%
24
5%
*5%
5%
5%
*5%
23%
600
Penick
&
23%
6 Va
6
:
1%
1.1%
*13'A
24 Va
200
19
6
45
23%
tPeorla & Eastern Ry Co—
18,200
42 %
:
preferred..
rr—
Peoples Drug Stores Inc
Peoples g l & c c (Chic)
100
24%
*18%
23
2
2'A
22%
23%
5%
6
*46
46%
24
23%
.V
2
22%
8,700
5%
2,200
*23%
24%
23%
23%
300
5 Va
5%
5%
*5%
5%
2,900
5%
5%
5%
5'A
.1
5%
*5%
27
27%
26%
27
26
26%
25'a
26'a.
34'%
33%
33%'
33%
34
33%
33%
33%
34
5'a
62
61
62
62%
62
61
61
60
60
200
'
10,700
'
61
.*9%
10
'68
68
9%
68
*104 Va
106
*109
110%
109 Va
8%
*7%
*75
*8
80
*58%
109'%
8%
80
*9%
67
*104%
105%
*104 ve
105%
*107
109%
*107
109 Va
.
8%
* 7 v2
80
*
7 %
*75
41%
41%
41%
41%
2%
*2%
2%
*2 Va
-59
60
19%
%9%
19%
4%
4%
37%
37%
37 'A
5%
5%
9%
•>
37%
*36 Va
6
;
*140
*165
169
*165
9%
4%
*5%
4%
4%
5%
5%
Va
9%
4%
169
4
4:!a
*5
6,500
a-;
Phcenlx
;•
~20
*57
*59
65
*19%
20%
100
Plllsbury
*4%
4%
300
Pittsburgh Coal of pa—
37 Va
600
9%
36%
*38
6
*5%
9%
Vs
*4%
*5
6
*60%
62
63
9%
9%
400
10
400
*140
169
*166
63
*57
4%
*4'%
5%
63
5'A
*57
*28
29 %
28
29
28
28
27%
28
27%
*67
68
68
68
67
67
66
67
*65'A
*9%
9
%
*9%
9'A
*9
Preferred
*60
*166
5%
63
Hosiery
9'/a
9%
9%
9%
6%
Pitts
Coke &
$5 conv
Iron
*2%
*149%
For
2%
*2%
13 Va
13
13%
footnotes
see
page
1391.
*149%
1
*149%
Vs
2%
2%
*2%
13 %
13%
13%
.—
2
.
—
13
preferred
7%
2%
13
100
100
Chic Ry co
preferred--
4%
5'A.
1,800
600
63
27 V2
67
9Va
260
110
300
300
3,000
3
26
,a
4% July
58.
165
165
3
May 25
Apr -4
2
Jun 27
Apr 29
Feb 19
May 23
3% Aug 10
100
4
Mav 2
47/a Apr 28
20
Jun 27
100
58
1st ser
Pitts Young &
2 '%
33
15% Jan
.
No par
5%%
conv
pr
pfd
Va——100
Ash Ry 7% pfd—100
Pittston
Co
(The)——No par
Plymouth Oil co—1
—-—5
Dec
126
Jan
Apr
163
Aug
^
Jun 26.
6ve Jun 25
153
July 22
1
Jan 24
11 /a Jun 24
Jun
Jan
19% Aug
7
147%
14
"1%
Dec
4%
Jan
13
4%
Dec
9%
Aug
14
1%
Dec
3%
Oct
.
10
Oct 13
Jan
Apr
7%
9
19%
Dec
Jan
10
Jan
4
~"%
2
19%
7%
Dec
July
37%
Feb
Jan
8
Jan
27
99
May
8
10
Feb
16%
Dec
123% Oct1
8
95%
Feb
115%
Dec
Jan
2
14%
Apr
2Va Jan
14
29'a Jan
7
24%
2
17 Va Mar
1 % Oct
25 % Oct
1
55% Jan
80% Jan
4
18
Dec
%
Dec
16
6%
Oct
2
Jan
30%
Dec
14%
Jan
Apr
20%
1
Jan
Jan
/ 14'/a Dec
9
43% Mar
54 %
5
73
89
Sep
Sep
Aug
3%
Dec
Va
3%
Dec
1%
Jan
Jan
Sep
,
15 ; '
15
Jan
2
44
108
Dec
15
'
21
Jan
21
34 Va
Apr
52% July
Aug 12
11%
Dec
17% Aug
112% Mar
108 Va Feb
1
Dec
108%
27
Dec
Oct
13
17%
Dec
25%
Apr
23 Va Jan
6
20
Dec
25
Aug
46% Jan
5
36%
Jan
54
25
2'a Oct
6
%
Dec
23% Oct
10
18%
Dec
7 % Jan
24
4%
Dec
.''
2%
Sep
Aug
!
30% July
11 Va May
51% Feb
7
41
Dec
60% July
29% Jan
24
17
Dec
38
27% Jan
7
21
Jan
27%
Oct
6
Jan
13
5%
Dec
7%
Apr
6
Jan
5
4%
Dec
7%
Jan
.
May
14
23%
Dec
35%
40% Jan
14
35%
Dec
47%. July
76% Jan
30
69
Dec
91
10% Jan
7
' Jan
6
72
Dec
89%
Sep
107% Mar 23
105
Mar
110%
Dec
32% Jan
Jun 16
No par
100
5%
Feb
9
40
17% Oct
May 20
Pitts Screw & Bolt
Pittsburgh & West
11
f95 *
Oct
2% Oct
May 21
Apr 1
Apr 27
auu 3
Pittsburgh Steel Co
7% preferred class
b
preferred class a
Dec
11%
,* 28% Jan
32 Va Oct
26
103
1
Pittsburgh Forgings Co
26%
104'% Sep
Apr 24-
No par
—No par
Pitts Ft Way &
'169
*149%
2%
13%
Corp
15
8% Jan
6
26
28
22%
28%
49 .
7%
.55/a
x
.-100
100
preferred
"
*149'%
25
Flour Mills.
Dec
22
2
—No par
6'% May 12
:_100
65
May 6
_a
No par >' 30 ' Apr 27
5
l,^ Feb ,25.
100
m&y 2
4'a
'
63
*57
;
20%
*140
*165
5%
3
preferred
Phillips Petroleum
7%
-
Dec
8'/a Oct
4
2
July 2
Apr 20
98
—3 >
10
100
———100
series
Phillips Jones Corp
"io
41
*2%
4%%
—
65
62
*140
169
.100
Corp_
4%
*5%
64
*9%
Philip Morris & Co Ltd——
Preferred 4%% series.
8'a
40%
3
Philco
.
Nov
Apr
6%
17%
8
3
May
Jan
Mar
Jun
Apr
May
15%
4%
9
2% Oct
1
Jan
Nov
14
Jail, 2:
19% Jun 5
4
Apr 28
5. Mar 9
-
•
v
100
79%
41%
—No par
Co
*19%
36
6
*5%
*61
*8
79%
Brewing
*60
37
63
*140
19 3a
4
60 '/a
*9
61
19%
4'a
5%
5
63
60
Va
8 %
79%
1
100
—100
Phelphs-Dodge Corp————25
tPhiladelphia Co 6% preferred—50
$6 preferred^———-No par
700
:
100
of America—_5
Petroleum Corp
800
9%
.
Nov
Oct
Jan
l'/s Jan 2
32
Jun 30
11
May 15
104
18%
16%
36
%
15%
4
36 „
18
No par
Pet Milk Co—
Pfeiffer
-
100
preferred
250
67 Va'
109%
*1%
60
*58
67%
105
41%
4
9%
9%
67
*105%
*75
18 Va
.9 1
Va'
4
Xl05
106
*4%
*
67
2%
l7a
*
*75
9%
9%
67'A
41%
41%
*
'105
9%
68
430
.
prior preferred
5%
24%
-1.
Pepsi-Cola Co—
Pere Marquette Ry Co_
540
23%
26%
26%
*33'%
Pennsylvania
5 %
5%
5%
t
320
47
*23%
24
100
—50
5
100
5%
*106%
24%
,
Sep
7%
25%
Apr
Oct
19
1% Apr 14
No par
:—No par
a__
12%
Apr
May
1%
10
Oct
148 '
56% May
No par
Penn g1 Sand Corp
$7 conv pref ser
14
*42
*2
.
Penn-Dixie Cement
1,600
39 Va
19
24
,23%
*1%
*37
13%
-200;
3%
44
par
Oct
Deo
31% Oct
;fa Mar 20
—10
-52%
38% May
Jan
Mar-
22
101
2
Apr 15
120
19
3
13% Jan
56%
Dec
Mar
7%
Jan
26%
Jun
16
45 Va
Jan
16
5
28
May 8
Jan
2
Apr 29
Aug 3
No par
100
3%
39%
_———No
Ford
Penney (j c) Co—
Penn Coal Si Coke Corp—
1,500
71%
43
46
46
25
3%
55
*41%
•
2%
23%
6%
71%
!
150
Jun
120
26
Apr 25
Apr
4
15
l'/s
19%
13'a
Parmelee
140
8
17
'
....
1%
*18%"
19
*2
46
24'/a
42 Va
42%
2%
*53%
55
71%
*106%
*18%
*18%
2%
23%
13%
13%
24%
24%
19
42
1%
*37
39%
*106%
25
42
*18%
*37
*13%
'106%
24 v«
>%
*3%
1%
1%
39%
14
3 %
3%
1%
*38
23%
23%
Inc
23%
23%
*15%
23%
100 '
Co
Davis,&
jan
8
100
Park Utah Consol
Parke
1%
23%
>
—1
Mines———1
——.No par
Rust Proof Co—
—2.50
Tilford
•100
15%
23%
•
&
.1
preferred
1.500
23%
23'%
.
1st
17%
27
90
Mar 6
11% Apr 24
100% Apr 23
100
—
Pictures Inc—
1%
1%
•■':'
1%
preferred
conv
Paramount
14,800
14%
15%
15%
1%
100
■
1%
•
23%
23%
15%
6,300,
103
i._i_No par
Airways Corp
14%
1%
23%
190
;
2 3-a
*118 Va-
15%
1%
10Q
V
Dec
6% Oct
l'a Mar 6
5 % Jan
2
1% Jan
2
11% Apr 23
6% July 16
101
Sep 28
1
Jan
2
20% Apr 28
Oil Corp——10
Car
Motor
American
9%
8% Jan
121
5
Pan-Amer Petrol & Transp_—
5
Panhandle East'n Pipe Line Co.100
Panhandle Prod & Ref—
.—1
Paraffine Cos Inc
No par
Pan
11,600
30,Va
16%
■
Packard
18,900
7%
2 Va
*97
=
Pacific Western
Sep
13
25% Oct
74
.
1
Pacific Tin Consol'd Corp
2,100
!
103
30%
.
4.700
2%
103
2 Va
,
i
29
3
13% Jan
par,
preferred——_10q
6%
30
2 l'A
7%
31
I
■•'
8
21'/»
103%
1%
1%
•;
21%
*14%
•15
15%
15
244
3
2%
21%
22
x23%
23%
3;«
—No
104 Va
V 6%
Jan
25
Jan
Dec
Feb
V. Mar 28
54
July
2%
24'a Aug 28
48
116'a Sep
26
22% Apr 27
No par
:
54
16
Apr 28
9'a Apr 27
St Teleg.^———-100
Pacific Telep
130
147'A
2%
8%
2%
'-'w—
*146 'A
2%
8%
1%
72%
Gas
9
143 Va Sep 30
Mar 20
10 v"
7
Jan
—25 v -15% Apr
(Cal)
Electric—:
&
3,500
'
*53
Corp
Pacific Finance
—
Jan
12
2
fi% Mar 27
4% Apr 27
preferred-.
——_i—No par
preferred—————-No par
2d
60
,
79
2
16% Oct
43 Va Apr
—-—10
Co
*17%
'
146%
2%
*14%
15
146%
146Va
146 Va
8 Va
21%
:
1%
23%
A
Coast
31 Va
84
8
15
1%
1st
21%
'
18%
8 4'A
24'%.;
Pacific
*84'A
31 Va
83%
2%
«•
123'A
14 %
31 Va
18'A
'
W—
!;'
17%
*
—:
102
•'
10
28
116'a Sep
5
Pacific Amer Fisheries Inc
180
21 %
21%
*31%
.
32%
100
340
;
•
19
21%
Va
1,800
15
*18%
18%
145% '145'A
.
—
17%
*14%
85 Va
2%
Va
.*97
•
.w--
'
104
*103%
15%
19
22
22
6'A
*23
2%
•„
21%
*31
.<
2%
21%
10
23% July
Dec
6% Jan
xl6% Apr 28
42
Jun 26
100
Co—~isi.12.50
—
Glass
Owens-Illinois
•
8Va t
6'A V
6Va
-
2
'
——'••.^v
__
YY 2%
15
*18%
-
*8'/a
8 Va
31%
__
1.47
*
Feb
Feb
4 Vs Jun
132
No par
—
preferred—
Jan
2% Apr
—100
5
Outboard Marine & Mfg_
Outlet Co
130
44%
117
25
18 Va
3 l'A
18%
84'%•
*145'A
6%
13%
9% Oct
2
11% Mar 12
—No par
preferred—
6%
30
™"50% -51%—:
51%
<84'A
:
18
84
24%
24%
24%
«/a
•
*30%
51
.51%
6'/a
*18 "2
20%
.
"51
8%
*15
•..A*""''
.
•
—
'19
20%
.
8%
6'A
*24
Y
*6%
87a
6 %
•;__
59
Jan
2% Jan
——No par
Otis Elevator—
3,400
24
44%
117
"■
100
preferred a
Oppenheim Collins
17
8%
730
67
67
(The)—
Omnibus Corp
20,600
No par
_—6
Equip—
Oliver Farm
2,100
25
"
*50 "•
8
25% July 17
'
4%
%
9%
25 Va
9%
24%
75
103 Va Oct
9
Jan
80
Oct
8'/a May
*12%
4% May
27
9
Aug
77
July
5 >
51 % May
9
35%
Feb
2'a Feb
13
1%
Dec
Oct
14
38%
Feb
52
Dec
23%
.
'
19% Oct
14
4% Sep
29
38 Va Oct
5
6'A Jan
15
Jan
21
68
Jan
7
41% Oct
61
Jan
'July
x
.
.
13
46%
Dec
3% July
July
Jan
4%
64
Dec
7%
Dec
2%
27
46%
Jan
Dec
8%
Jan
Dec
Jan
84
Jan
Jan
Dec
15
165
Feb
19
163
Aug
166
175
Feb
25
174
Mar
181
5'A Jan
14
6% Jan
5
Jan
6
45%
Feb
65
Jan
3
24 Vs
Dec
43 %
Jan
9% Jan
61
33% Jan
14
Feb
14
10% Jan
26
70
153
July 22
2% Sep
21
14% Jan
28
6%
3%
Dec
4
Dec
Oct
51
7%
9%
75%
Oct
Feb
Jan
Jan
Jan
Dec
6
164.
15
July
Mar
164
Mar
!*• May
13%
Dec
1% July
17
July
Volume
Number.4117
156
THE COMMERCIAL & FINANCIAL CHRONICLE
v
LOW AND
*
Monday
Saturday
*18
*18
4%
*4%
4%
18%
19 Vi,
*7%'
:
■51
4%
18%
18 %
1814
7%
7%
7%
7%
.7%
7%
*7%
77 k
•7Va-
7%
>26%
28
51'%
>26 %
51%
119
4%'
4%
5174
120%
"*120
11%
12
70%
71
70
71%
«3'%
83%
84
92%
93
93%
94
94
>110
110
110
*114%
27%
'110%
115%
27%
57k Jun
2
3,400
*7%
7%
500
27 -
y_—
51%
2,400
122
,V>
11%
U7k
70%
70
70%
8274
82%
83%
850
93
93%
9274
9274
230
112
110 M*
t
*114M*
2674
27
111
116
100
27
5,600
Pullman Inc.—
974
10
9,800
Pure Oil (The)
%
2674
280
10
9-74
97k
10 %
9%
10
■
99%
99%
*99
9974'
87
86 %
87%
*8674
87%
13
12%
12%
12%
1274
*1274
*9%.
10
*9%
10
10
10
98 y«
.
*99
.
9974
99%
88 M*
8774
*12%
9%
9974
'90%
*86%
"
97k
*87%
89
12%
13
-
,,
13
500
800
Quaker State Oil Ret Corp—
3%
32,200
5% Jan
16
14
$ per share
Jun
21
Jan
13
374
Dec
87k
Sep
4
474
Feb
13%
Oct
8% Jan
3
5%
Dec
13 7k
Jan
8% Jan
3
67k
Dec
13 Ma
Jan
21
,
29 M* Jan
21 Ma
Dec
Feb
17
52
Jan
6
60
Dec
Feb
16
122
Oct
16
115
Jun
9M2 Jun
3
3
Jan
4074
Jan
"
61 Ma
120
Sep
July
14 Ma Jan
8
11%
Dec
Mar 30
867k Jan
14
7574
Dec
110
£99 % Jan
.14
92
Dec
1237k Jan
797/a Mar 30
111
Jan
9
99
Mar 30
123
Jan
6
111 Ma Mar 19
116
62
20% July
7
117
17
8
8
10 Vb Oct
9
2
*94
20
Jan
Jan
Dec
117 Ma
Oct
Dec
29 V*
July
Feb
1974
158 V*
Dec
-
114
i'
29 Ma
Deo
7
91V* Jan
.
Oct
101 Vi Jan
Apr 28
80% Jun
106 Ma
27 Ma Oct
2
90 Ma May 13
6% preferred
—
-—100
5 % conv preferred—i—.—.-100
Purity Bakeries
——.--Nopar
500
18 Ma Oct
73% Mar 31
—
10 Ma
*9 Ma
10
10
400
:
Highes*
I per share
42
——No par
No par
'
Year 1941
Lowest
115
100
,
1007k
116,
8
67k July 7
22 7k Jun 10
5
—50
No par
Pub Serv Corp of N J—
No par
t$5 preferred
—No-par
t6% preferred——
—100
17% preferred—.
-—-—100
8% preferred——-100
Pub Ser El St Gas pfd $5—No par
9,500
*114%
HOVa
115%
27%
27
11%
-
—
790
83%
15% Jun
1
5% pfd (ser of Feb 1 '29)
90
70
94
116
27%
Pressed Steel Car Co Inc.
5 % conv 1st preferred
5% conv 2d preferred
Procter & Gamble
.7%
1174
83%
113
*114%
116
27%
7
No par
Range for Previous
Lots
$ per share
share
9 Ma Jan
12%
•
$ per
3% May 21
400
.
Par
.
1.100
51%
100-Share
Highest
Poor & Co class B
——No par
Postal Teleg Inc preferred—No par
4%
122
of
Pond Creek Pocahontas-.
7%
123
Basis
Lowest
200
18%
>25
On
Shares
■
70%
12%
70
*4%
27
*120
"
18
18
51%
51%
123
X83
127 k
:
*25
28
51%
i/iar«
*17%
4%
18'A
83%
.
S per
18 Ma
18%
51 '[►
120
11%
•*17'/a.
18%
7%
28
f
120
EXCHANGE
18V a
8
>26 7*
NEW YORK STOCK
the Week
•7 %
7v^
*77«
18 Ma
47V
Sales for
Oct. 16
t per share
* per share
19
Range Since January 1
Friday
Oct. 15
Oct. 14
,
$ per share
19 »-a"
'
STOCKS
Thursday
-Wednesday
•
Oct. IS
$ per share
$ per share
SALE PRICES
HIGH
Tuesday
Oct. li
Oct. 10
1389
12
Mar
"
Feb
Deo
107%
Deo
Feb
13
16
87k
Doo
9574 Aug
12 Vk Oct
874 Mar 11
10
8374
97k Mar 11
1074 Aug 18
874
Apr
1274 July
14
274
Deo
8
Oct
•
R
3%
3%
*5674
577k
*83
90
;.
-—f
'
■
V
»)•
;";.W.y.
37k
•>r
374
57%
•
57%
3%
57%
374.
3%
374
37/k
57%
57
*57
90
57 y4
*83
57
>83
90
Amer—No par
preferred—No par
No par
Radio-Keith-Orpheum
1
6% conv preferred
—100
Raybestos Manhattan———No par
Rayonier Inc.—
—-_1
$3 preferred———25
Reading Company—
—
50
4% 1st preferred
—50
4 % 2d preferred—
-—.—50
700
$3.50 conv 1st
1
.
374
3%
447*
90
*83
90
y,
•-»—
374
3M4
37k
374
*46
48 Ma
*4574
48%
487a
49 Ma
*1974:
;
•
3M*
20 7k
207k
20%
2074
9M4
9%
9V4
;
'
y
.
47%'V:
.
*83
■
374
•
257k
1
25%
50%
800
*2074
21
J
'
874
4,100
——
'
20
8%
37k
50 Ma
'
20
$5 preferred B_———
■:
3 Ma
"
97 k
-«:'■•
9M*
21
:
900
*974
97k
>25 Ma
91k
•
2574
-
1,400
'
■
26
•
26
25%
25%
25%
257a
400
'
15
15
*28
29
15 M*
157V
yy —«•
_■
:
'
•
*28
>14 7k'
29
*2274
'
23%
14
1474
15
Ma
14%
147 k
*28
29
*28
29
*22%
23%
*22%
23%
*2 7k
2%
2Mb
2Mb
*28
1,200
29
*2274
y
•
23%
'
23%
*2274
y
*2
*60
y y*2
•'
70
1674
':".•
7
*12
y.
lO'.k
■'
•
66
*657k
*60
*16
*674
13
'
10
70
1674
.J.:' >16
•
;
12%
107 k
1074
67
67
.
'
:
.
7M«
*1174
y
■
r
■
:
2%
>60
•
1674
*6 7k
"
Z':" r""*y ■
'
2%
■■
•
*45
47
:
4
,
45
y
.
.
4
\
70
1674
*
70
*60
*1674
7
7
*6M4
Vk
16
-
.
y y
J,
•
*674
7
:
12%
>11M4
12%
107k
10 V4
107k
10 y4
4,200
66
66
*657k
677k
200
457k
*457-k
47
1
45%
■
3%
-
45
Ma
37k
37k
4
4
% 39
—..——100
——.
-
Preferred with warrants.
25
16*
167b
*98 la
997k
16
■
*79
'
r*—
■
f;
*83
85%--
*5874
.
•'
'
.*
15%
99%
997k
*-*■. ■ :
7^6%
86
•
"
60
77k:
sou,
33 ■•-.'
8%
57k
2374
*774
>41^. •.
774
'
.
..
.
;
8174
61%
87 k
8l/k
Republic Steel Corp——No par
6 % conv preferred—100
12,500
,
5%
,
'y
•
237k
33
87k
Yl-'-
*30
87k
5 Ma
.
23%
23%
33
33
874
8%
7%
*4%
4%
187k
187/s
19
1074
10%
10
3,100
5M4
5%%
y
■
y
,*19
'.
1
,
,
5%
' y
;yy^^
,
p—M
19%
107k.
*39
;:
107g
*.:-
..
'•»—
>77b
1
8
*4%
5
-
*■
Common
1,900
18%'
..1
42
187k
10 M*
:
107k
*39
42
'
32%
32 74
3 3 74
n
%
7k
7k
>
u
*4
jrt'
337k
•
*4
7%-
7 V*
10 Mi
*4
19
10%
*10
107k
*39
42
.31 Ma
317k
MB
42
32 V*
32%
74
74
47k
■
*4
y 200
■.
800
vk
107k
3674
367k
10774
10774
12%
12%
123<
1274
20%
20%
20%
20 Ma
96
96
*8
96
■»
*34%
*112%
*110%
36%
13
35
115
St
35
*110%
357k
*112%
113
*110%
400
14%
*2%
1 Vk
*1
400
Scott
27k
8%
9
*56%
%
62%
6%
14 Ma
15
1,100
>2%
2 Ma
300
52%
53 74
5,600
Sears Roebuck & Co———No
874
87k
8,400
Servel Inc—
974
974
500
56%
200
8%
874
874
87k
974
974
9%
97/k
56%
6%
67k
62%
62%
62 Ma
6
*60
Y:.;y'v
6
*32%
33
6
*56
56%
33
16
6%
33
*32 7k
15%
67k
67k
*60 Ma
6374
*607-2
•y.:Y- 6
6
*56
63 M4
157k
;
$5 conv
Sheaffer
90
1574
15 Ma
;,'Y
2%
274
•1
*23%
247k
29%
29'A
1 Va
29
18 7A
18
15 3 k
14
147 k '
14
14
14
109 Ma
Ma
9
9
27k
27 k
157k
15%
1574
207k
197k
137
*130
*130
237k Sep
20M*
187k
18%
1474
15 74
1974
"
*130
107k
lO'.k
lOMa
167k
167k
163A
•37%
*45
1674
17
47%:
*2%
*27k
27 k
27 k
2%
97k
9
97k
27,600
2
2%
2%
2 V*
3,900
15%
15
157k
300
7 Ma Feb
•
<
2%
'
2%
■27a
27k
2%
2%
*2%
■
♦45
55
*45
23
23
23
*23
277i
28
277k
287k
33%
33%
33
33 Ma
3%
3
.
337/k
*11074
*47%
112
*11074
49 Ma
*48
*110
*110
37 k
*95
3%
37k.
99
For footnotes
*95
see
page 1391.
112
49
—
37k
99
27%
27
23 Mb
26%
27 Ma
5,700
700
277k
*32 7k
3374
*32 7k
33%
56
*54
56
*54
56
3 74
■
•
3Vk
•
374
38>/4
38 Ma
38
38
33%
33%
33 Ma
33 Ma
11074
'■
300
^500
23 Ma
337k
3 Mb
387k
33%
27k
54
*45
277k
*54
3 7k
38
33%
*2 7k
3,200
2374
Mb
33
56
39
54
600
11074
49
*110%
3*^8
>95
*110
49
*47 Ma
—
*112 Ma
37B
99
37 a
*95 Ma
11074
49
—
37k
97
3MV
33
8,400
420
1,600
110
110
*47
3%
38 Ma
38
*32 Va
Ma
20
49
100
•1127k
37k
3 Ma
20,700
96 Ma
96 Ma
100
Apr;
8074
8% Jan
5
6»k
Dec
8574 Jan
19
75 Mb
1574 July
95
July
57k Oct
10
4
Dec
;
Sep
Jan
27
4974
Deo
53 Va
Jan
15
7M*
Feb
127k
Aug
874 Jan
16
6
Apr
9%
Jan
574 Jan
20
274
Deo
28
7
2
30
23
19
28
15
16
17
9
107k Oct
9
47
2
42,
Nov
4874
27
Deo
3974 July
23
Jan
34% Jan 27
% Feb
A
5
1% Sep 22
10
Sep
44
Jan
Jan
3
19% Jan
15
Oct
15
97
36 Ma Jan
22
9
V*
Ma
Jan
Feb
Apr
6
May
July
8
Apr
47
Sep
113
Jun
4
3
21% Oct
Nov
1474 Aug
35
Apr
106"% Dec
3
110
21
Deo
tV Deo
1 Ma July
7% Sep 23
X
.
127k
Jun
8 Ma
23
-
Apr
17%
Sep
Sep
79
Jun
94
Sep
31
Dec
Ma
39%
Sep
116
Jan
10
109 Ma
Jun
115 M* Mar
110
Sep
23
107
Dec
112
11
21
574 Jan
1474 May
8 M* Dec
19 Ma Mar 20
2
3
.
Jan
7k
^ Feb 10
Jan
1 % Sep
26
V*
10
11M*
Dec
1%
Apr
M*
Deo
Oct
15
37k Mar 24
July
Jan
74 July
17
July
374 July
Jan
15
374
Apr
5%
Nov
Sep
28
51 Va
Feb
6 Ma Sep
25
8
27k Jun 30
65
100
.
.
Sparks Withington——No par
Spear & Co
.
—-———-1
$5.50 preferred
No par
—No par
Sperry Corp (The)———
1
Spicer Mfg Co
—
No par
$3 conv preferred A——No par
Spencer Kellogg Si Sons
Spiegel Inc—
——2
Conv $4.50 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—
—No par
No par
Jan
1674
Dec
2
Dec
5
Jan
Dec
21%
Jan
1
Nov
2Mb
Jan
22
9
Oct
30 74
Nov
187/a
9
Feb
35 74
Oct
2
Feb
112
10
28
15
18
Jan
28
111 Ma
Deo
114
2074 Jan
6
14%
Feb
2574 July
14 Ma
Oct
9
Jan
15
Sep
17
Feb
4
137k
Feb
18%
Nov
9 Vk Oct
13
77k
Dec
1074 July
1%
Dec
11
Mar ,6
Apr 17
Jun 27
Apr 2.:
14% Apr 29
974 Apr 20
10
Jun
2
174
2%
537k
,17Va
21%
30
49
Jan
jan
3474 Jan
,
29% Oct
40
112
12% May 20:
2374 Jun 2
,
Jan
Sep
Dec
11%
9
174 Mar 24
26
Dec
674
10 Ms
9
47k Jan. 14
15% Jun
59
3274
Aug 27
16% Oct
Dec
Jan
100
July
July
Apr
May
674 Mar
,1%
14
J 17%
.126
35
4
Jan
Apr 29
108
15%
9
13%
,
Inc——-?-15
——No par
—100
;
Apr
60
Jan
4% Apr 29
547/k Apr 29
4.74 Mar 6
30Mt May 21
Mobile & Ohio stk tr ctfs——100 '
preferred
Sep
97
20
74
,,Jan
"
$4.50
Jan
129
3
Jan
1297k Mar
7
46 Ma
2%
Jan
11
63
47
48
Feb
97
•
Jan
Southern
27k
Dec
7174
10,800
*46 Mb
4%
2274 Jan
101 Ma
Dec
39,400
"
Dec
48 Ma
16%
27k
Dec
Aug
77
6
16%
47
14 y4
96
2
Jan
36
27 k
Jan
1007k Mar .5
Apr
374 Dec
Dec
60
167 k
*46
19
'
274
52% July
Southern California
Ry
34
1474 July
Platinum—---1
S'eastern Greyhound Lines———5
So Porto Rico Sugar.
--No par
8% preferred—
—————100
preferred
Feb
474 Jan 14
10%
South Am Gold St
5%
61
48
7874
357k
.9,700
Jan
Dec
53 Ma
Dec
167/8
1,200
67 V*
Oct
Dec
36%
167k
3,100
10%
Nov
Dec
67
9 Ma July
Dec
167k
16%
.
Jan
1074
7%
357k
16 Vk
12 Ma
Apr
10
16%
107k
17 M*:
19 Ma
197k
10%
59
3
50
Apr
77%
107a Oct
Type v t c——No par
Snider Packing Corp_L—No par
Socony Vacuum Oil Co
Dec
9%
107k Oct
4%
36%
1974
23
33 7•>
2,700
.
6%
12 V* Feb
49%
16%
19 7 k
*10%
*45
39
135
10%
23
*54
20%
*129
19%
59
56
207k
20 V*
130
129
'
*15
15
20
19%
1357k
*22 %
:
2,000
'9
.
*45
*54
15%
27k
10%
47 Ma
27k
•14%'
preferred
Nov
5
Smith £s Cor
$6
Nov
10
10
—No par
10
Smith (A O) Corp
600
Sep
53
Apr
Oct
EdisotV-—-~25
Southern Natural Gas Co.4—7.50
Southern Pacific Co———-No par
16%
17%
39
*4574
2%
400
.
7
1674 Oct
9
19% Apr 23
14
227% Mar
Oct
68
Jan
27k
54
Apr
Apr
Jan
Feb
May
15
—
Sloss Sheffield Steel & Iron
1774
24
Dec
Apr 23
11% May 6
'/a Apr 14
207k Aug 26
112%
14
197k
•
177 k
1774
3874
■
•38%'
::
Deo
1
Sep 30
Coalition Mines—5
No par
Simms Petroleum————10
Simonds Saw & Steel—
No par
Skelly Oil Co
19 Ma
Jan
X367a
19 Ma
107 k
■
15%
1,300
19
2% Oct
34 M*
10% Apr 24
>17 7k
14'/b
*15
-
July
2774 Aug
9
Simmons Co——
200
18 Ma
Dec
57
Pen Co——No par
—15
*109 Ma
.
177k
*137k
97k
,1357k
18 Ma
112 Ma
17 Ma
14%
1474
15%
20
y>
V
Aug
Dec
22 Ma
1% Sep 16
Silver King
400
1,400
72
17%
274
f
•
29 Ma
*70
177/B
27k
17k
24 Ma
>23 7k
*29
*1374
9 Ma
27k
*109 Ma
yy
*1
<
72'
*70
112%
27%
1474
29
29
72
y:
2 Va
147k
247k
*2374
29
yy
17k
yY;.'*lYYY
1V»
24%
*109 7k
.1474
87 V
-
.
1474
2874
1874
*14%
2%
1474
*70
112 7k
112%
>17%
yy- *2 Ma
*1
72
*109%
27k
1474
*2374
29%
*70
*
y
2s/«
1474
15
2474 : 2474
72
*70
yy
274
15
17k
*1
147 k
297k
10V4
6
3
1074
'
27V
147k
Deo
13
43Ma May 6
4% Jan
2
8
Apr 14
1
preferred———No par
(W A)
23
15 % Oct
28 Ma Oct
Dec
Shell Union Oil——
2,900
18 Ma July
par
———
Sharpe & Dohme__— —No par
$3.50 conv pref ser A——-No par
Shatt-uck (Frank G)—No par
1,200
33 Yy.':
♦327k
15%
—
Sharon Steel Corp——No par
2,500
*6
■
y;
Seagrave Corp
200
67k
6%
67 a
67k
6374
•
567k
*32%
167k
1674
:
21 y4 July
Dec
—5
2%
5374
*6%
<
,1
14%
Dec
874
Deo
—
1,900
1,000
A
-
14 Mb
16
22 Mb
No par
25 Ma Apr
—No par
1097k Aug
$4 preferred
/.y—No-'par.Y 106% Jan
{Seaboard Air Line—No par
Ms Jun
4-27f> preferred——————100
-ft Mar
Seaboard Oil Co of Del—No par
10'% Apr
5?3/»
Ma
16
»
32
1
15
Deo
27% Jan 27
Paper Co
5274
56%
33
110
"11»
Oct
Oct
8
$4.50 preferred.
"*80
2%
567k
16
357k
110
54%
56%
33
115
*2 7 k
10%
6
*112 7k
537k
9
107k
6
5,700
98
2 Ma
83A
10%
*10
20%
1
14%
I
5,600
*96 7k
110
1
15%
127k
547k
27k
54
55't
55
*15
15
1174
3574
*/3
fa
1%
'
2,700
1,200
r-
115
110
113
>1
17«
15
15
*112 Ma
'.
.•••
20'/a
97
35%
35%
"•
;y.
107 74
2174
97
36 v*:
106 Ma
12%
2074
•
.
115
ft
v
Y'r
1%
12
107k
36 Vi-
3774 .Y'Y
107 M4
preferred
55%
7% Oct
May
A Jan
7k Jan
2
Jan
5
Jan
297k Apr
104
Jun
9% May
1274 Apr
78
May
Louis-San
6%
38% Mar
474 Jun 22
78% July 30
54
May 22
6M4May20
75% Apr 29
37k Mar 9
23
Francisco.———100
-—-—-100
{St Louis Southwestern..
.100
5% preferred—
—
i——100
Safeway Stores—
,„No par
5 % preferred
—
-r
—100
Savage Arms Corp.
——
5
Schenley Distillers Corp—
—5
5 Ma % preferred
—
100
Joseph Lead-
JSt
1,700
Jan
16
3
28
30
6
19
7
20
34%"May 13
——10
1,900
4,600
y
3%
23
674
67k
374
16
$2.50 conv preierred——-No par
Y—.~—.
774
Y.y, *8-
10%
36 7k
107 74
21
96%
115
*112%
113
20%
96%
\
y
*8
10%
3774.
.
Jan
Dec
8674 Jan
* 20
32
Tob class B
10
———10
——
No par
Ritter Dental Mfg—
-No par
Roan Antelope Copper Mines—
Ruberoid Co (The)—
—No par
Rustless Iron & Steel Corp—
—1
■
74
*4
774.
1,800
/•
hi
JJ
7M4
*8
13%
?
*187k
7k'
3574
107%
;
19 y4
%
107% 107 %
35
6
47k
■
>8
107%
*95
47k
*39
32%
Ji
%
:':Y
7%
47k
42
*39
33%
■
•
*'
8
*7 Ma
*7%
•
preferred———-—100
Richfield Oil Corp
'
'
i-..
conv
Reynolds (R J)
.
——
8 Vk
,
Reynolds Spring———————1
4,700
-
33
8Mb
,
,
1,200
23%
*30
/
87k
87 k
y
180
57k
237k
2374
•30-
*7%
■
■
50
79 Ma
79 Mb
5%
.
150
•
:
2
Ma
2674 Feb
9
6
7074 July
conv
9
Jan
88
■
21-
15
137k Sep 11
X94M? Jun
8
■
prior pfd ser A-^.^—-100
Revere Copper & Brass—-No par
;
7 % preferred—-——--—-100
V
5 V* % preferred————100
Reynolds Metals Co_—_——No par
5.300
:•
••
8M4
*8
6 %
300
>
617 k
*59 7k
79 Ma
50
67k
82 '
82
-
874:
79 y2
80
_
_
67k
827k
•59 Ma
*574
.
2474
*30
'
?r:
59%
80
*78
;
674
•
.
y;
814
77k
80
8474
■
*30
80
7%
80 /
807k
■; —■ •
>
81
59%
•82
77a
''
' y-:;y
:
r:
8074
17k
*83
:
^
57b
-
57 k
••'
•
■..23%'y
80%
*5874
:
'
57k
15%
997k
,
.
.
80%
797k
16
99 Mb
i:
'.
7%-
774
15%
997k
*y 7
t
•
617B;:
'
•
1674
*98%
*80
;v
•
~T
.
157 k
99 3k
*
«
801k •'
•
167 k
991k
1
Dec
11% Jan
'•
•
62
85
507k Oct
2% Jun 22
—1
Reo Motors v t c_—
1,300
Dec
25
37k Oct
23
4
2
8
1
16
28
28
x55
Mar
38 V4 Jan
Rensselaer & Sara RR Co——100
30
47k
.
Jan
47/«
47 Ma
Apr
57% Oct
88
11
Apr 30
6 Vk Apr 24
1074 Mar 11
7 Mb May 18
(Robt) & Co 1st pfd——100
.Reliance Mfg
•
3% Oct
6
6
25
17k Jan 13
Corp———-No par
Co————-10
Remington-Rand
1
'
*11 y4
14%
687k
:
Reliable Stores
'
127k
*45
■
4
Reis
y.",j
,
Silk Hosiery————-5
Preferred
■
10
1674
1174
*66
45
■
*3%
*60
Real
100
2%
1014
'
.'•
70
16%
•
*674
*
*2
-
2 Ma Mar
46 Ma Mar
88
Apr
2
Apr
347k Jun
157k Jan
77/s Jun
23% July
llM2Apr
23% May
20
May
Radio Corp of
-
5
Apr 24:
May 4
Oct 6
Apr 28
Apr 28
Sep 28
Mar 16
2% Jun
95
9
3
-
-
16
13
Feb
197k
26
£13
Jun
237k
14474 Jan 27
2074 Jan 10
120
Aug
127k Jan
5
17% Oct
15
18% Feb
2774
X10
Dec
Jan
3
1174 Feb
59
Feb
36 Ma
37 Ma
May
6
2
Dec
July 30
60
Mar
3% Feb
23% Oct
16
1774
Dec
31% Jan
6
27y»
Dec
37
Mar 24
277k
Apr
60
Jan
3
4Mb Jan
6
2974 Sep 16
45 Ma Jan
14
38% Jan
6
Feb
11
49% Jan
6
Jan
54% Aug
3
Dec
8
2% Apr 29
8974 May
2
114
113
5
Jan
6
110
Jan
8
Dec
Jan
Sep
1474 Aug
19 Mb Jul,
2374 Mar
197k
•
1
Aug 24
Aug
Mar
13 Ma
8
13
39
50% Mar 24
150
Dec
5
Oct
16%
Jan
27k July
1574 Jan
26 V* Jan
27% Jun 24
10874 Jun 1
40% Apr 9
109 % Aug 10
2% Sep 17
Jan
.
2
No*
OU
Jan
6 Ma July
69
July
22
July
3974 July
38 Ma July
60
Deo
6% Jan
57%
Jan
347k
Dec
3174
Feb
40 V* Aug
Dec
117% Aug
111
477k
Deo
48 Ya
Deo
374
Deo
*6 7k
Jan
108
Jun
113% July
•
HIGH SALE
LOW AND
Oct. 10
I
fin
i'<r
26%
27
25 %:
25 3
36
*35
HVt
11
11 Va
10%
10%
10
10 Va
27
26%
27
26%
27%
26%
25 %.
26
25 V4
26
42 Va
43%
36 %
3614
—
43%
42%
43%
35%
35%
36 Va
*28%
29 Va
29%,
.■■■■■'
-
5%
"■'•51
51
*122
124
?/•- 7%
7%
7%
4'
4'
4
6
6
5%
,A
3%
3%
13%
1%
12
A
'
.
.
5
21 VA
28
13%
1%
1%
4%
21
12
21
%
21%
share
Highest
share
per
% Jan
7
Vb
Nov
lVt
—No par
2 V's Oct
14
%
Dec
4% Mar
<__A
5 Va May 14
II Va Jan
14
8%
Dec
21 Vt Mar
13 Vt Jan
14
lOVt
Dec
27% Oct
13
17% Mar
par
6
Apr 28
par
18
Mar 14:
prior preferred—No par
No
of Calif
25
20
Apr
25
30% Apr
24
1,000
Standard
25
25 Vt Apr
par
23% Aug
'
28
Standard
L S—-No
(The)
1,500
Sterling Products Inc
2,300
:
Stewart-Warner
25 Va Mar
27 Va Jan
6
43% Oct
13
33
28
36% Oct
16
1
34% Jan
16
Apr
24
60% Oct
13
5Vs Jan
2
7% Oct
13
4%
42
10
.-5
Corp...
2,300
Stokely Bros & Co Inc___._a_.__—1
6,100
Stone
Studebaker Corp
13.300
50%
Sun Oil
1,200
124
30
1
1
Webster--—
&
22% Mar
i
.—No
(4 % %
3%
13%
13%
900
Superheater Co
1%
1%
900
11%
11%
700
Superior Oil Corp..:
Superior Steel Corp___
■
Sutherland
3,900
4 Va
5
1,800
vV
•
21%
21Va
21%
par
Swift &
'No
26%
26%
4,300
18%
1,300
Sylvania
4%
4%
4%
2,500
Symington-Gould
4%
4-%
4%
1,400
*
6 Vt
27
3% May
10
4 Vt
Dec
2
■5% Oct
13
3%
Dec
Apr 28
55% Jan
9
Apr
66 %
50
A
9
9
3 VH
3
'AAg •.%;
—
,
'A
6
*
3
*2'/a
*47
47 %
*47
'"
4
__:A:';A;
..
34
*31%
7 Vt
*7
26
28
1
•
■;
•'•'•
1
--'
a:_
J.J*
''":'26
:
•
126
July
9
Jan
21
*
A:
•
4
9
12 Vt
Dec
1% Jan
14
A 1
Vt
Dec
13% Jan
3
9 Vb
Dec
18 Vt
Nov
23 Vt
Apr
17% Feb
13
23 •'
Sep
31
19% May
28
;
3%
7 %
-—29%- -25%
*12%
■—.■■/••A'
'
13%
9%
10 Vb
A'J.
A'A"-
-
10
*
13
13
v"
1 A.
1
1
25
A-
Oct
10
16%
Dec
24%
Oct
8
5 Vt Jan
5
3%
Dec
"7% July
A
10%
12 Va
15
*12%
A" a
14
9%
■
*7V«
'
-
A
."
...-•«-
-—<—--Ai-
25
12 Va
12%
%
9%
9%
"400
91%
91%
200
At
V
:
92%
—iV; !-;-
29VV
29%
•;
40.
...
.<
/'.'*•"•
-•
—A:,-A A- A;
AAA
—
5
'
A
" '-AA ir 1
Av'
.AAAA;
■
-_
40
40
91 '
Va
%
5%
13%
*12
.
29%
5%
29
29%
Vt
12 Va
>
12%
5%
12"
1,600
:A
:
—
1%.
65 7'b
*65
G !a
6'/a
/
11 Va
*11
—6 Va
:.4~
•
•'•
'•
25 Va
-
14 Va
*4%
c8
;:-A .:
"A-
■
*
'A
:
/•
6%'..
__
—
4%
•A-
1
Va
6%
■
,'A
A
A Truax-Traer
*11
14%
14%
13%
14%
25!
25
25
20th
9,600
25
2,800
4%
' 'a
4%
66%
4%
*4%
A
.
6%.
4%
■
.
A-' A-
67
*66
■
6%
6%
b
6%
Twin
90
6%
7%
2,900
7%
Twin
37%
37%
a'aa 3%
M 5%
20
a-'-
Dec
Jun
11
Jan
15
2"
A
par
Dec
4%
Sep
38
May
60%
•
Dec
3'/a
*30
Jan
3Va
•
a
Sep
5 Va July
*40
:
.
'
Aug
8
Dec
;
Dec
28
2
13 % Sep
Jun
12
10% Feb
'85
7
5.A"
95 Va Jan
Mar 28
-
34 Va Jan
28
5 % Oct
14
7% May 15
13% Oct
9
4
Jan
•
.-
Feb
Dec
a,/'4
'
Jan
Dec
99%
Aug
27%
6
May 20
.
Jan'
18
11 Va
Dec
'
37%
5
43 % Jan
22
'31% May 21'.
Jan
Jan
i%
4
9% Mar
■a 95 Vt
9
~a
6
34
Nov
Vt
7
a-a'
Jun
24%
17
A
Oct
1
8% Jan
8
1—2
15
■
Dec'
Z
'
'•'35% Sep
aa 51% Jan
a5Vt Jan
"
"
a 8Va
-
8% Jan
5 Va
107/a Aug
Dec
'A
2
2
60
a Dec
"'a
75
13
4
"a Feb
12
Oct
5
1% Oct
4
Jan
17 Vt
t.
7Vb Aug
67 Va Mar
30
Jun
pur
a
Dec
v.
IT Va Jun
56% Jun
par
a /
67/a Mar
*:.
12% Mar 17
3
% Mar 14
—1
AA:
13
%
Jan
Jan
7 Va
Sep
11 Vt
Aug
'
11
-«
Feb
15
5% Sep
May 16
9Va
5
Sep
Jan
May
9%
5
24
16 Va May
12
%
12
7 Vt Oct
16
73
21 Vt Jan
5 Vh
a
25Vi Aug 19
19 Vt Jan
1
Co
Sep
27 Va Jan
•:1% Jan
Coach
Sep
2
27
7 Vt
3
2
U Mar 27
No par
Corp
Jan
44 Va
5
34% Feb
July
Jun
"
28
4% Jan
14
10'/a
a
-
32
MarlO
Jan
6% Aug
/
Dec
■
■
'
No par
Film
5
Sep
7% July
2V» July 14
preferred
__No par
City Rapid Trail—1___No par
preferred
A—;
—__—100
Fox
1
'
7VB Jan
Cen
38%
'a
Feb
13
9 Vt Jan
5Vt Jun
__No par
Corp—____—No
6% Aug
24% Oct
Sep
Dec
4 Va May
5% Mar
2
17% July
$1.50
300
4%
67
*65
,
30
Truscon Steel Co__,——10
■v.11%
1
•
Dec A f
30 Va
11
50
Jan
9%
46%
;
Deo
6
28
7
par
preferred———1-—No
$6
-.1,500
6%
6V2
11%
60
9
Jan
1
"
par...
;Tri-Continental Corp.—.
.11,400
■
13
7 a- Oct
3
25
'
69
* 6 6 Vt
6%
*11
1%
1%
,
A
66%
14%
66
:>
Vt
66%
25 V»
.14%
0%..
A
11%-
A 25
67
6%.
1
-
6Va
*11
14%
67
.
6 Va
A
251«
4%
5
*66'a
a
'
'
1%
67 Va
: A
6%
24%
—a'
'/'a—— ;
1%
*66 V4
"
11 Va
*11
'
'
14%
14%
*25
lVa
657«
26% Oct
Nor
Aug
3%
Dec
42
par
'
'A'..:"-
65%
1%
1%
%
a;. - -2
4
3% Apr
——10
Transue & Williams St'l_,
30C.
V
14
5%
38%
/
Feb
35% Sep
41
10
Axle
a-A34%
Sep
11
preferred.
Detroit
5
13
3 Vt Oct
a:
16
2 Va May 20
'
100
:Transamerica Corp__
Transcont'i & West Air Inc..
1,300
12
—
J_
Timkcn Roller Bearing
8,500
.A
5%
.
*Timken
;2,400
13 Vb
-13%
12%
240
,
■>/
397 a
39%
A::'.:A'
13%
■
-1
29 Vt
"29
'.
..
5%A
5%
13 Vt
•
••
40
39%
/>;
13 31
*12%
'
:
5%
13%
91
91
Ali:
40 Va
40 %
'>'
•
;
12%
92%
29-Vt
A,-
5%
12%
12%
29 %
13%
; j
13 78
*13%;
92 Va
29%
AA'-
40
'
5
91%
■
'
a
/Tide Water Associated Oil
.10
:
t$4.50 eonv preferred
-;_No par
:3,200
,
''
92%
4'/a Apr
a 7% Jan
par
Dec
9% Jan
Sep
•a
a
/
Dec
lVa
Aug
a
3% May
27
aaa
.A "";
39% Oct
28
May 26 a:
->
100
A
Co._
Apr
5
A__—_1
Ry Co„
Third Avenue Transit Corp ..No
Thompson 4 J R)_"——A_—
-Thompson Prods Inc——Na
Thompson-Starrett Co
No
A $3.50 cum preferred ——No
1,900
:
■
A.:;A
9%
9%
'•
28
15
a:"'
6
3 % Oct
15 %
—10
,
A- ■:'/ A. 200
A
& Oil—
Mfg Co__No
$3 div conv
1,500
7%
Coal
Pieferred
Thermoid
.
vA. Ar—-
,
,
Apr
13
33% Oct
28
2
$3.60 conv preferred..—..No par
tThe Fair_——
—
1——No par
;i,200
13
A:
Thatcher
500
;
VA-.
2%
25 Va
13
10
-'
■»::
Apr
a May
5
li
30
t
t
34
-r •25
1
1
A
Texas & Pacific
50
2%
7%
Texas Pacific Land Trust
400
a.i
.
4%
v
*32
3 Va
.
,
47%
*3%::
■
AA
3,400
.
A:
33k a.
*45%
;
•
—:.iAA;A'A/
'".A
;
*2V*
/A'A;
34
*7 Va
39
*37
>
.4
3
:
6%
Texas Pacific
4,500
T
5%
22%
6%
Texas
4,500
A
:
Apr
7 Va. May 14
,
Produc'g Co——No par
Gulf Sulphur.—_____ .No par
2,500
/
♦
32 " Apr 20
A 1 Vb Mar
7
5 %
Aug
1
26
19
19'/t Mar 11
3% Aug
Jan
5%
Dec-
3
July
Jan
25
16
15% Aug 17
1
16 Vb
5
Sep
2% July
4% Aug
3 Vb May 27
20
.Texas Gulf
8,200
;
6%
5%
47
AAA:
3 "b
22%
3
*32
3 VB
7Vb
26
• :■
.'
6,800
Jan
15 Vh Jan
28
1
(James)—'
9
%' partic preferred———50
^Telautograph Corp:
._i——5
;Tenhessee Corp.——:—„_____5
Texas Co (The)
A—i—.—25
1,800
Dec
Jun
Tnlcott Inc
A'
_'
1,800
35%
AvA:
38
47
4 V4
34
*31%
"
3%
7%
7%
—
.A
34
A
3 Vt
47
4%
.
;
6 Va
6%
2%
2%
47
A
4 Vt'
*31%,
^'
—
47%
4%
3%
3%
•••
*2%:
-
A
35%
5%
*37
i
;
38% "'•AAA',
3V8
,
23
*6%
V.
-
6% A
22 Vh
42
A AA
36
5%
5%
6%
'
3!a
,
•
35%
;,.A 6 %
23
*6%
*37
3
2 VB
3 %
•
■'■_
9
9
38%
A.
39%
>'
3%
*3Vt
9
A
38
*33%
700
fc;
5Vb
*5
-
3%
38%
6%
22 Va
42
-
36
5%
-•
67b
A
"
36
*6Va
24%-
*37
9
3Vt
>
6 %
•
* 6 Vt
'
-
__
3Vb
:
-
A'-:-'
6%
23
42
8%
397'«
36% / '
6%'
A'yAA ':
—
6%
6%
4
36
-/AAA
%_■
—'a'
8%
39%
3
3
-AA••
:
24
*38
_
'-v..
6 VB
6
22%
•
■■
,-A. ;k...
7
*6%
:
V-
8%
A:
a
38 AAA":: A/A
3 Vi
3%
3 %
5 '/a
A;:
*33%.
38
39%
'A-39%
'
—
35 31
353b
8%:
__
39%
39
'•'*
*5
5 Va
*5
*33%
■
-
3% /'A
3%
3%
*3%
:
,
"A: A
5
38
*33%
■
Jan
Dec
'
'
4%:;
5
38
8% July
3%
■
*4%
*34
Nov
8s/s
9 ■'
9% May 20
par
Corp
Jun
8% Jan
117%
A
Prod's Inc—No
Elec
66
Dec
14
12Va
Swift International Ltd—.:
18 %
*18%
Dec
17
10
18%
18%
Jan
51
5% Jan
___——25
27%
27%
18 Va
Aug
40
11% May 13
par
______
48 Va
/Dec
126 Va "Aug
1
(The)
Co__
Dec
29
13
100
21%
21 Va
27
-
Dec
33
3% May 28
/—100
Paper CO—
Sweets Co of Amer
100
4%
21%
CoL—
(The)_
467/a
6 Vt Oct
116% Apr
cum)_i—100
3%
Suilshine Mining
43
Nov.
34 Vb July
Feb
4% Jan
Apr
3% Jan
^1
Jan
•25 Vb
16l
3Va Mar
.>'4
par
(The)——
Co___„
Class A pfd
-
..No
21 Va
21 Va
19
4%
Oil of Ohio——
27
21%
4%
Oil of New Jersey.
Co
Starrett
share
per
3
21%
27%
—
per
25
Standard Oil of Indiana——
5'A
50%
12
*4%
18%
__
I
share
nl Sep
5%
■
*122
'•
•
1V2
*21 Va
5
*4%
5
t.V
%
13%
11%
11%
21 Va'
—
—
.
18%
4%
3%
13%
1%
26%
21 Va
27
*18%
Year 1941
Lowest
% Apr
3%
5%
*3% a- 3%
3%
*13%
12
*4%
—-"
S per
Range for Previous
Lota
Highest
14,400
•
71/2
3%
51
1%
12
,
100-Share
par
Co——No
prior preferred-il-We
Oil
of
10,400
>
59%
5%
122
122
3%
21
__
cum
Standard
36 3,4
7%
514?;
13%
13%1%
■
$7
•'
-3,200
cum
23,000
25%
59
4
.■
*49
50'/a
124'
*122
124
3')B
'
;
__
22%
*4%
'
—
;
$6
29 Va
5%
-
51-a
5%
50
50% >51%
124
■
$4 preferred
Basis
v
5%
5 %
5Vt
—■/:•■•■•..
*1%
22%
;"'■■•"
—
13-Tb
*11%
A
—
.
J
,
*28
7%
*
5%.
Standard Gas & El
800
43 %
'
»
36%
;;
59%
6%
4
6
42
59%
4
7%
7%
•__".
6 Vt
On
'..•Lowest
Par
6,200
9 %
A/ 2514
Y
•
29%
*28
59 Va
59
60%
&0 •'%
—
4
A
'
*28%
__
4
.
27%
26 3
2
*8 Via
9 %
*8%
35:,4.
;.
7 Vt
4
'
2
2
2 Vh
43 Vt
—
__
7%
,6
■
9%
25%
.
—
V'2
57%
57%
9
26%
—
—
29
*28 Va
9%
1%
Range Since January 1
v
,i
STOCK
YORK
EXCHANGE
2,300
10%
—
a
!7«
U
J3
u
NEW
Monday, October 19, 1942
Shares
1%
__
43%
43%
'
•'
__
v
I per share
$ per share
9 Vt
—
10%
*10%
the Week
_1,5
2
__
9
Sales
Oct. 16
7
,\i!
.—•
1—
9
.
Friday
Oct. 15
% per share
S per share
per shure
V
per share
STOCKS
for
Thursday
Oct. 14
Oct. 13
Oct. i:i
PRICES
Wednesday
Tuesday
Monday
Saturday
CHRONICLE;
COMMERCIAL & FINANCIAL
THE
1390
Feb
16
4%
Dec
Sep
Dec
1% July
Dec
4
'
a
,
27 Va
Sep
BVa
Jan
37%
Sep
U
36%
36%
36%
7%
*112 %
7%'
73 Vt
7%
72
73 Vt
*107
107 Vt
15%
15
83
83 7
:
A
30
96
80
a
A
:
107%
108%
15 Vt
14%
14%
14%
14%
83Vi,
83
83 3'a
82%
80
'Vte
;a'.-
80
79 Vt
79%
80
24 Va
24%
24%
24 Va/
30
30%.
29%
30%
29 Va
96
96
96%
15 Vt
lohit
15 Vt
15%
14%
15 Va
16 Va
16
;
16 3/B
96%
*96
-4
|
96
9,700
111 Va
111%
111)%
51 Va
*50%
51%
51%
19 Va
20%.
19%
*
19%
14%
14%
%
14%
'!••
6%
;
40
*5T»
■
Vi
57a
27%
27 Vj
533t
16 Vt
■
—
%
i
-
■
:':V
;
—
■
3 Vt
vfl
5%
6%
40 Vi
■
53.,' "
■
A; 4o-%
5%
5%
*27%
54%
4%
101%
101 Vt
101 V»
101 Vt
16'A
16 Vt
16%
3%
3 Vt
3 %
3 !A
.1%
3
3%
3%
3%
3%-
83
83
83
33 "a
38%
38%
39
54 Va
173
6
9 %
54
8%
Va
54%
173
Vt
6%
*39
6
41
33
33
*3*%
*12%
TOo
26%
55%
33 Va
4
*
13 Va
27
16%
%
*3Va
3 Vt
3 Vt
3%
3% ;
3% /A
101
83
83
38
■.
*83
87
39
83
38
39
40
9
*8%
'
A 5,600
•
17
81 Va' Feb
6
73
Dec
80 Vt
Jan
Car—____—No par
21 Va Aug
3
A Feb
24
24%
Dec
-5
5% conv preferred
—_A—100
j Un Air Lines Transport—
—5
...United Biscuit C0——No par
5% preferred
__100
23% Jun
4
y36%Jan
6
17
/A 7% Apr 17
104% Jan
5
preferred—-11;
■••••
(
-—___100
Fast
United-Carr
—No
Co—
Carbon
United
12 7 »
55%
;
United
>
6
6
1
•A
*39
40
*39
32
32
32
32
4
4
4
13 V.
*106 '
Va
*6
6%
4 •>'
4
13%
110
29 Vt
29
28
23
27V,
44 Vt
63 Va
50
50%
113
113%
20
46%
For footnotes
27.
13%
*106
.
28
-
<-
Vt
4
•
14%
-
110
26%:
29%
i
13%
26%
,
-26Va
29
29 Va
Vi
*
•-
14%
—
—
--
—
.
—
—
28
%
60Q
—
23%
22%
23
22%
91%
93
90 %
92
.43%
43
42%
43
*42 %
—
page
1391.
*44
*41%
63%
*62%
51%
20%
45
63%
49%
.
50%
113%
114
114%.
19%
44
4 Jan
27
26
2
Oct
15
,*•
July 28
16% Jan
15
13%
-
7% Sep
22
2%
Jun
6%
1
4% Apr
15
1% Apr 28
3% Mar 11.
'3%
;
•
35
f 15
Sep
21 Vb
Sep
Dec
lVa
Jan
Dec
30%
Jan
Oct
13
10
20% May
6%'Sep
16
3%
A// 1% Dec
Jan
50
3%
Feb
52
Dec
Dec
51
Sep
Sep
Nov
5% July
Apr
35
Feb
5
30
Dec
42
3
60
May
79
Dec
Improv't—No
par
10 Va
Jan
United
U
U
J97a
44
63 %
49
Gas
3
1
5
% Jan
16
4 Vb
Dec
117
106 Va Jan
17
100%
Dec
28
16% Oct
8
8 Vb
Apr
14%
10
4 Va Feb
27
2 Va
Dec
4%
2%
Dec
HVt Apr
A 2% Sep
MeT & Manu Inc v t c.
—10
No par
$6 .1st preferred————-No p<if
S Dlstrfb Corp conv pfd
—100
Paperboard——
Va Jun
93 % Mar 27
preferred———'-No par
:
17
9
»Jan
7
2% Apr
Secur—
3% Oct
13
Feb
25
Sep
22
26
77 Va Apr
87-
17
43
S
Industrial Alcohol
19%
19%
..
62%
.
-1,300
45%
*44%
44%
20
Co
preferred—
Smelting Ref & Min
1st
-
4
Dec
93%
BV
Feb
19
7%
Dec
37'/a
Dec
83
Jan
Jan
Nov
Sep
July
Oct
No
July
U S
55% Oct
1
173 Va Oct
8
6% Jan
14
15
170
183
Apr
4%
13
July.
69'/a Jan
9 Vb
Feb
Jan
i
j
Jun
30
41
Sep
21
33
Feb
43
Jun
24% Apr
28
34% Jan
27
20
Apr
33 Va
Aug
2 Va
Dec
5%
Apr
4% Aug
10% Sep
j
■I.
2Va Apr 28
Jan
7
2
Jan
20
4% July 30
14% Oct
16
105
Feb
Oct
Jun
10
54%
7
27% Oct
13
20 Vt
Dec
31%
Aug
26% May T
30 % Aug
7
25%
Dec
34 V's
Feb
27
29% Sep
25
18%
Apr
26
Mar 11
Va
Dec
99
100
20
—10
—1
22
20
«
May
Apr
'/a Aug 21
LNo par
54
114
1
6
24 Va Oct
13
Mar 10
963't Oct
8
13% May
10
100
—50
Dec
28 Va
Dec
103%
Sep
65 Vb
Apr
76%
Jan
70%
Jan
13%
17
51 Vt Jan
14
43%
Dec
58
_—_—1
Sep
2'/a July
58
37 Vt Apr
28
71
Jan
19
69
Dec
47
Dec
Apr
44% May 20
U S Steel Corp—
Preferred
13
27
.
34 % Jan
par
—
May
11% Jan
4% Apr
—No par
-50
—No par
——100
Tobacco Co
——No par
preferred————-25
Preferred
2,300
19%
Rubber
S
U S
-
*44
Plywood Corp—
8%
40 Vt May
159
A———No par
U S
U S
U
;
28,200
19%
Co—
preferred—:
Pipe & Foundry
Playing Card Co—
JU S Realty & Impt—
300
49%
113%
Leather
U S
I
600
113%
62%
50
113%
43%
•
S
Prior
10,600
900
6Vt May 14
-No par
S Gypsum Co—
20
7% preferred——
:
100
S Hoffman Mach Corp
>-5
5V2% conv preferred——
50
Partic & conv el
•
400
48%
63%
113%
U
900
7,200
23%
95
*20
—
see
23%
95
50%
16
Feb
72 Va Jan
U
1,200
-1 (>
%
'«
24%
113%
-Oct
1
lU
.
1,900
•'
96 %
*623k
Oct
53
20
33 Va Aug 21
U S Freight Co—
6,000
27
23 Va
:
16
Jan
14% July
113%
3
-.L——'
29
28
27%
%
,
•
110
*106
27%
•>:.
"
-
43 Vt
;—
Dec
Dec
25% Jun
U S & Foreign
1~300
96 %
;
87/a
108%
48% Jun
40
32
29%
—
15
por
United
i
~5
Cos—1-.
17%
May
9
16% Oct
V
5
$5
800
Coal
Electric
.11
A
~9%
16 Va Oct
i
Jao
& Fdy
United Fruit Co——————No
A United
•2,600
6
40
%
July
44%
:72 Jan
16
V
/
United Eng
30
*6
29 %
?„
31
28% Dec
113
May
.37
:-'-3
—
United
■
300
55
54%
*39
13 %
30
Sep
1
104% Mar 24
par
:
10
—A—100
Corp
Apr
9% Mar 10
Corp.*——No par
Drug Inc
'< United Dyewood
A
Preferred
370
*170%
55
X32
110
89
Corporation——No par
preferred—-——J-No par
$3
1,200
A; 130
8%
8%
9
173% 173%
55%
*26 Va
24V,
*43 V
74 Va Jun
♦
27%
981,
20
Jan
400
3 Vt
3%
27
23-'!
*62 3
V
101'A
*101 Vt
33%
4
*106
1
*94 V
*43!
85%
•
4
ii
12,000
15%
28
i
4%
101'A
29Vt
28
4%
Sep
Dec
-5,300
3%
55
6
A
4%
54%
16%
*172%
-
53%
40
*39
120
*29
>
10Q
•
•16
Dec
600
-
16 Va
16 Vt
*«%
,
4%
82 Va
o
*173 Va
V
5%
28 Va
112%
11%
j
40.1
A;
40 %
*27%
115%
Dec
57%
3,300
A 5%
b
Jan
106'/a
9
A United
-1,000
54'Va.
/37%
V
'< i-
*8%
.-'4%
101VV
16
i
•
53 Va
54.%
6%
xlll%
6
Jan
13
8,400
,
2%
*39
5%
281
a"
6%
"•
40
*39
40%
28%
4%
83
3
-
V 2%
6%
3
*27%
*3%
•-
•>•'
3%
13%
Sep
Nov
July 13
83% Oct
-
100
$6,500
%
13%
79%
15 Va Oct
'
14 Vt
6%
7
Va
-
1,000
20
.1 *19
Ui
13%
5%
■
..
4
20
3'B
*2%
-
__
*19
,
14%
'
A12% Jan
Feb
A■:
60
//a
113:
108
Dec
"
1
'
14%
.
6% A
O
1
.
20 %
53
7
60
2
10
,63%
Co„——100
United Aircraft Corp.—
3.60Q
113
5214
52': f/-
51%
VAVt' -VB
.
•—■■"■'
*27%. 28%' ."
A
A. A;
55 %
54%
'A--.A
A
4%
100%
"
54 Vt
4%
•
51%
A.113
112
112
113
*19%
>
iii
14%
6-%
3
*111
51%
3%
6%
3
*39
v
6
5
3
May
4%
1
*11(*
May
100% Mar 24
; 27 V* Dec
9
9 Vt Jan
74% Jan
A
Jan
Union Tank
-1,200
•
Apr 28
108 -
par
California—_—25
Union Oil of
500
Ai
—_No
series:
Union Pacific RR
,i-1,600
Vt'
15 Vt
21
39% July
2
7 Va Sep
58
par
Union El Co of Mo $5 pfd_„No par
Preferred' $4.50
4,100
16%
.16%
28% Jan
par
—No par
Carb—— No
4,900
-
Co—_No
Paper—
3.800
:
29 7 b
15
.
16% V-
t
30
-
24%
,
a 96 Vt
'
15 %
V
16%
Union Carbide &
~
-
'
15%
•
Union Bag &
50
109
24%
,
v'
113'
113
*107
Under Elliott Fisher
7,500
83%
15 Va
-
74
113
14%
96
-
*107
.
i
4,600
7% .'-Vv A-'
•
*112Va
A 15 Vt
96
7 Va
113
73%
74 V»
*79-
24%
30%
24%
30 %
30
o.
*79
80
-
73 VB
74
*112Va
;
15%
82%
24
V-'
.
?%•/•;•
73 Va
82:!4
A
108
15%
24
3712
•
7»%
7%,
107%
15
*
,'
8214
*79
37Va
37 Va-;
•
74
112% •113
113
107'A
';%37 At.
7%'A. V A- 7%
36%
-2,500
'
107%-Jun
30
55% Jan
3
119% Jan
13
Jan
5
46 V» Jan
14
105%
15% Apr
29
39% Mar 27
24
19%
130
Dec
Dec
,
42
Mar
Sep
Jan
33%
X
Jan
50%
Nov
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4117
156
AND HIGH SALE PRICES
LOW
Monday.
Saturday
1 per
Tuesday
Oct. 12
Oct. 10
S
share
$
share
per
1%
.1%
Va
1
Va
*1
♦
n
60
%
%
13 %
13%
*13%
13%
58
x57
57
150
150
150
150
154
i
1%
13%
13%
*1%
1
*13',4
57
*147
150
*147
150
150
Lowest
Par
-
United
500
Stockyards Corp_.
Oct
15
,4
9
42 Va
Dec
1
12
July 15
14% Jan
5
12
par
41
May
6
59% Oct
16
150
_100
142
Apt 24
150 Va Jan
pfd——100
147
Apr 30
159
250
Universal
149%
149%
60
150 ->
•
150
70
8%
Tob
„No
,
preferred-;
Universal Pictures
1st
$ per share
Dec
Feb
59%
Leaf
%
28
1
Universal-Cyclops Steel Corp
58%
Highest
t per share
share
1% Sep
300
57%
% May 25
1
5
% Apr
No par
preferred
conv
per
44
14
$6
f
15
United Stores class A
7,500
t per share
Year 1941
Lowest
Highest
34% May 20
—
l
53
7
Range for Previous
On
*13'/4
150
150
Range Since January 1
Basis of 100-Share Lotl
STOCK
1
14
57
Shares
VA
YORK
EXCHANGE
*47
'
55
*47
NEW
Sales for
the Week
.
$ per share
1%
7'o
.
■
50
•67
*150
I pet share
1 Va
%
•,
*45
58
*145
Oct. 16
t per share
1 Va
is
*45
50
Friday
Oct. 15
Oct. 14
per share
%
<'45
STOCKS
Thursday \
Wednesday
Oct: 13
1391
Dec
1%
Jan
Sep
Jan
16%
May
43%
Jan
1%
62
Nov
64
Sep
6
140
May
157
Jan
Jan
21
133
Jan
162
Oct
Va Sep
23
V
*.%
1A
%
'
*23 Va ''25
X
*24
24 Va
18
17V2
;
17...
17%
16%
*9Va
9%
x 9%
*23V4
24V4
9%
23%
24%
35
64
*50
*53 Va
75
*23%
■
35
75
22
341/2
21%
2%
2%
38%
37%
314%
114%
2%
'
19 Va
*17%
*27
28 Va
*27%
28 Va
29 V. 29%
29%
29%
:
19V2
76
*75
76
74
75
135
*130
135
9
23
-
22%
*8% U 9
22%
22%
*114
I
7%
—
5%
'
% Jan'
2
75
*72
135
8%
22%
75
*130
135'
22%
"
6%
El '&
Pow
Preferred
-
•
600
700
34%
2
8 Va
Dec
15
Mar
20% Aug
28
July
11 Va Mar
25
$1.25
111 Va
116% July 15
Jan
Dec
116
Aug
Jun
45
July
19
57
Mar
57
Mar
July 10
66
Aug
66
Aug
41% Jan
55
Jan
39%
6
f 57
20
Mar
19
2% Oct
7
%
Dec
7
18 Va
Dec
28% July
114
Dec
118 Va July
11
Dec
23%
Sep
30%
Dec
42
Jan
29
Dec
33%
Feb
116
Sep 11
20% Sep 29
31% Jan 20
4
3
Apr
70
May 22
Jun 24
Mar 11
29
t 6% May 22
29% Oct
<
13
138
27%
Sep
2l/a
Jan
5
Jan
89
Feb
105
Nov
9
96 Va Mar
v
135
Mar
143
Jun
10% Mar 25
;
23
16% May 22
v
26
39 V4 Oct
120
preferred-——~No par
Sep
Dec
'
'
■-t
•
31
Dec
25% Jan
26
1
—
Apr
15%
8
24
—100
*
-
Vultee Aircraft Inc
15
2
Jan
1
Coke
6
3
9
22% Jan
110% May
14
Jan
$6
&
Mar
% AUg
A Jan
29% Feb
20% Jart
18% May 26
.
par
partic preferred—..,_100
Iron Coal
'
24
112% Jan 12
30
May 1
50
July 30
55
Sep 12
-
Ry
100
L——-—100
pref—-No par
5% pfd„_100
Virginian Ry Co
—————__-25
6% preferred
——
25
•Vulcan Detinning Co——100
30
;■
8%
22%
dlv
Va
2,700
221%
8%
•
19
——5
preferred
Va
29 Va
28%
Co
20
7'% Jun
.
—100
preferred1,.—
Jan
14% Jun 25
>.
—_5
Va-Carolina Chem————No
19%
7
22
Victor Chemical Works———5
28 lA
28%
1st
'
70
115
2.50
Raalte Co Inc_-i——
Vlcks Shreve & Pac
100
*27
Corp of Am—-No par
Viek Chemical
1,800
*17%
8%
22%
Van
4,200
28Va
*130
9
23
}.
.—*-100
Van Noiman Mach Tool——
—
2%
19%
*72
"130
8%
j
'
Vanadium
~400
38%
2%
37
115
-
X28%
135
8%
————No" par
Preferred
—-
22
2iA
37%
*27
*70
■■
*21
/
75
*17%
*130
I
21%
115
*17 Va
28 Vb
;■; v
Safes—
Vadsco
200
1
36%
64
*53%
2%
115
115
19%
*27
'!
%
117%
75
37
38%
*17%
24
*35
' '
64
22
*21%
2%
37%
29
9%
*50
*115%
35
*50
*53'/2
2%
29
130
i 2,000
!
500
-
*23%
1171/2
*115.%
60
*53% 1 65
38%
115
17%
•
:
36
•1
2'/a
*114Vj
,
241/4
36
*53
37 Va
■f
9%
*115% 117 Va
117%
/
*21 '/a
21%
V*2l%
*9% /
M 64
*53 %
7'
17%
•
•
*115%
30
200
;
23% •24
9%
*34 Va
i
32
24 Va
9%
*50,7
u
'/
■
.'241/2
17%
*115% 117
Va
'
24 Va
24 Va
9%
:
*%■
25
,
17 Va
17 Va
n
■
*24
Apr
1
30% Jan
26
W
25
25%
.*7%'
•
>18%
M.
*101
38%
38 Va
*15%
%
■■
;•
6%
16%
tf
v.
6%
5||/
:
1
*13
%
•
16%
*3%
-
c
22%
26%
*26
'
1
6%
'
102 Va
*101%
4%
38%
11
.
V;Vv
6%
1
2i
r- •V---
is'
29
*27%
29
26%
*25Va
26%
*27%
*25
...
-
29
:
16%
16%
2%
*2;lA
2%
70
*108
•;
68
54
* "108% r?
9
>
;
*16
700
Webster
17%
17%
70
70
8%
9%
66%
8%
8%
43 Va
f
56
'
65 Va
55 Va
>
109
$4
13
520
109
1,300
1
16'/a
16%
.
*6Va
1%
*12%
13
*97%
99%
16 Va
16%
'
2VB
*2%
•
"
2%
o% ;
i%
■;
'
V;.
6%
1
Va *
V
lVa
.
,
/•■--;
13%
-"-*12%
13%
99%
*12%
*96 Va
167a
2Va
'/
17
.
1%
;7;:? *6%
6% ,7 6%
1%
1%
30
29 %
29%
283/4
29%, -
16%
16%;
17
16%
16%
16%
16%;.
-
*26%
76
117Va
*26%
76 Va
76%
*114 Va
:
116%
>
■
27 Va
v
107
26%
*45
63
63
'-t
77
777
1
iiA-V
14 Va
14'/a
'
4 Va
2%
19%
21
■7
14
14%
7
4 V4
.
.50
*45
86
*85
77
7i!
14
*2'/a
7
*35
193/a
.
-
*18%
63 Va
4
2%7.
19%
*18%
2%
2Va
2 Va
2Va
2%
:V2:v
2Va
2%>
2Va
2
7 Va
7%
7%
7%
7%
7%
*2
4%
4%
4%
4%
4%
4%
59%
59%
59%
*58%
59%
*109%
19
28%' 28'/a
17%
120
*102
•
48%
/
14)
*2%
4
118
*18%
28%
'
-
:7
2%
4%
4%
*56
57
118
7
*109%
18%
*18%
28%
28
17:
*17%
7%
I'.v,
4%
*57
*102
112
47
.
:: 47
Vs77
*49
50
*94 Va
95
*94
54
54
*102
112
7-7/47
27%
17%
;
49
=
49 '
127
16%
*104
112
-
i
7
110
*47
110
47
*48
7
49
48%
*47
49
95
97
97%
*94%
1
!
55
55%
Va
98
54
•
,5 '
i
,
•
22»A
22V4
13 Va
22%
13l/a
121
23%
100
20
13%
121
*7 Va
7Va
32%
32
33
84 %
85
85
-
7%
7%
12%
.
120%
*7%
*85
8%
8%
8%
16%
16 Va
16%
16%
16%
2'/a
2'/8
2 Va
2%
2'/a
22%
sales
sales,
on
this day.
.
7%
7.7%
12%
*
121
.
-
7%;
•
118 VA
22
800
*7%
7%
31%
32
3lVa
31%
85
85
85
86
9%"
9%
9%
16%
16 Va
16%
2%
2Va
2Va
y
Ex-rights,
9%
16
2Va
,
•
i
40
2,800
9
10 Va
Dec
1 Va
Det
July 22
4%
Jan
6
16% Mar
25 '/a July
Feb
3
65 Va Mar
74%
70
9% Sep
Jan
17
22
Deo
88
91
Jan
104
Jan
8
89%
Dec
115
Jan
93
Jan
8
89
Nov
107%
Jan
t
113%. Jan_ 9_
112_
Mar
15
106%
Dec
Jan
117% Jan
Feb
6
104% Jan
2
104%
Apr
17% Oct
16
15 %
Deo
29% July
3% Jan 27
1%
Dec
4% July
9
July
18
■
20% July
107
Oct
'
A
8% Jan
28
4%
Dec
"
Feb:
23
sa
1 Va
May
Oct
13
18%
Feb
31%
Nov
> 19% Feb
5
15
Deo
24% July
.12
Sep
30
6
71
Oct
105
Jan
Jan
28
118
Dec
141
Mar
29% Feb
2
31% Jan
8
81% Jan
127
•
27%
27%
Jun
34%
Apr
Jan
36% July
112
108
Oct
2
105
Apr
50
Apr
18
60
Aug
65
Aug
July
93
Jan
22
85
Deo
100
Jan
27% Feb
4
21%
Apr
30% July
69% Jan 29
15
Apr 17
5
15% Jan
68 %
Deo
76
10%
Jan
10 %
Deo
/
4% July 29
3 Va Jan 27
2%
Deo
8% July
5%
Jan
Jun
—3
1% Apr 15
2% Jun
18
1%
Deo
1% Aug 12
4% Apr 29
2% Oct
16
1%
Apr
2% May
2% Jan
8 Ve Oct
16
3%
Apr
3% Sep 14
6% Jan
20
4%
Dec
7
Sep 23
73% Jan
13
60 Va
Dec
77
8ep
107 % Jun
1
17% Aug 26
110% Oct
5
109 Va
Oct
115
Nov
Jan
7
19%
Deo
29 y8 July 31
23 Ve
•.
—No par
6% pfd*»»*j-100
51
-
10
10
,
Wotthington P & M (Del)— No par
7 % preferred A———a*..——100
,
preferred B
—100
pfd 4% % series---*.*.—100
.
6%
j
Co—
Prior
-
Pirlor pfd 4%% Conv series—100
Wright Aeronautical———No par
Wfigley (Wm) Jr (Del)
No par
& Towne
Mfg. Co
21%
14%
118%
107
42 V*
44
80
39
May
May
15% Jan
*—25)
6
24
6
Jun 22
May
Aug
Jun
Jun
Jun
Apr
63
27
25
17
9
23
24
Preferred
-
u
Young Spring & Wiret-.—-„No par
Youngstown S & T.:—*.——No par
t5%%
preferred series A
Zenith Radio Corp—-
No par
Zonite Products Corp.
1
a Deferred delivery.
bName changed from Union Premier Food Stores, Inc.
f Called for redemption.
tUnit of trading* reduced from 100 to 10 shares.' * -
3
Apr 23
28% Jun 3
78
Jan 12
7
May 14
5
-
8% Feb
l3
1% May 21
*
"
•'/"
34%
Jan
Jan
16
Dec
Mar
147
Aug
130
July
85
47%
Deo
50 Va
25% July
Jan
26
Dec
Jan
3
104
Jan
15
62
Jan
5
23% Oct
13
13% Jan
14
Aug 17
121
7% Oct
13
37% Jan
73% Aug
75% Aug
86
Apr
122
July
60%
Deo
80
J&n
15
Deo
22%
Jan
10%
Dec
109%
Deo
17% Jan
120
12% Jan
Deo
42 VB
Jan
76
Dec
05
Aug
Deo
18%
Jan
15%
5%
Sep
12% Jan
6
9%
16% Oct
9
6
DeO
1%
Apr
86
3% Jan 26
"
•''•'
Jan
Dec
29
13
1
gName changed from General
•»
Sep
33 Va
Dec
Dec
98
Mar
54
•I
Va
28
57% Jan 26
117
2
6
July 28
21% Jan
125
10 Va Apr 28
IIIV2 Jan
—100
2%
Jan
15'/a July
Jan
17%
26% July
5,600
2%
Seii
17% July
20 % Jan
Dec
3,800
16%
23%
Dec
18%
100
No par
4,800
Dec
10%
13
Youngstown Steel Doof
160
9Va
14
22% Jan
Yellow Truck & Coach cl B__J-—X
300
2
15% Apr 23
Yale
j
Bep
Jan
Oct
13
3
18 Va Aug 13
58% May 9
12 V* July 21
40
6,400
<
38
64'/a
1,000
Va
12%
121
32
lln receivership,
x Ex-dividends*
12%
*118%
86
31%
8%
*BId and asked prices; ho
r Cash
sale.
sSpecial
12%
13
120
8%
stock,
23
22%
55 Va
Feb
Feb
17
•
13
*120%
*32%
84 Va
23
23
55
25
Deo
10
300
8
Feb
Wbolworth (F W)
1,400
•
21%
41
Woodward Iron Co——*.-
7,200
f
17
Feb
12
$6 preferred-.
300
28 Va
1% July
~6
20% Jan
Jun 25
Mar 6
1% Apr 29
Corp—.
A
preferred,——.-—No par
preferred
—
20
Wisconsin El Pow
121
Deo
Deo
Deo
Jan
400
7
%
77
13% Oct
12
3
par
Jan
Willys-Overland Motors—.—
1
6% conv preferred
———10
Wilson & Cb Inc
———No par
8,900
•.
18%
*46
Spr Co——No
Wilcox Oil & Gas Co
600
7,500
i 7,100
•
46%
46 V
Min
-
100 % Jun
6
45
Aug 14
80
July 9
$4 conv
'
*120
White Rock
120
*114
7
"
54
;
*117
7 47
7
95
*53Va
.121
*114
;
White Sewing Mach
500
f
;
4V4
58 Va
20
1
(The S S>„.
White Motor Co
1
7
2%,
8 Va
par
Frlor
'7-7
2Va
7%
No
63
6Va
Sep
10
19
Mar 11
19%
00
*2
2%.
•
19
28%
18
121
Apr 28
14
26% Oct
63% Apr 24
Aug 5
22
$4.50 preferred
Jun
26 V*
24
Oct
39% Jan
36
102
23
29
% Sep
Apr 25
Apr 27
May 1
10% Sep 21
97
Sep 16
12% May 9
2
Apr 28
4Va May 20
% May 18
23V8Feb 18
13% May 27
6
1% Jan
3
Instrument——12.50
Elec
White Dental Mfg
•
t
:
42
*
2%
90
100
j 4,200
2,100
2%
*35
•
Jan
13
28
109
Wheeling Steel Corp——No par ,
$5 conv prior pref—,.
>^No par Ci
1,600
i
'
*117
112
*46%
*108
120
19
777; 28%
17%
17%
*114
7|:.
13'%
'
.
•59%
19 Va
63 Va
4 >•:
7
19%
)2 Va
20 Va
—
Wheeling & L Erie Ry Co—.—100
5Va% conv preferred
100
—
20
13%
n;
42
7%
120
1
63 Va
1
1 Va
Apr
Feb
Westvaco Chlor Prod——No par
,
1
preferred
Weston
240
i
•!
3%
2Va
*35
2
19 Va
1st
'
50
50
Westlnghouse El & Mfg
-
"loo
20%
?
4%
•
2 Ve
49%
•
*2
*109 Va
50
714%' 7
:
-
a
"f
,
Supply Co—^.10
Maryland———100
4% 2d preferred.:—
100
Western Pacific 6% preferred—100
Western Union Telegraph——100
Westlnghouse Air Brake
No par
90
i
7 ' ? /
86
13%
14
,
4%
.
2Va
49%
:
' 5,600
)
:
108
*45
20%
63 Va
;
■
>
6,000
27
*85
7
86
20%
I"-
14Va
14
*18%
7
7
26
*26%
108
50
.
*13%
63%
*13%
4%
2 Ve
"'21 "*•'•
'-63
'7
*35
! '•;'
75
118
*28%
7;/
108
108
*45
20%
14%
•7*7 AM
f
,
!
63%
■••
■
16 Va
1%
Auto
-
Western
'
*85
13 Va
*
.
49'/a
*18%
50
*63%
•
.7
4%
27
85
Western
300
29 Va
74 Va
28
*26%
20%
14%
2%
7 *26%
107
f
;
f 1,400
1 6,300
l3/a
*117
117%
*26% 7 27
*107'/a 108
*45
A
«13 Va
*35
7.
V
76%/i;'
117%
*26% .28
85
V
7:7 75
117%
117%
27
,
107
50
21
—
85
20%
27
7;
•'
•
75% t 76%
,
28
*26%
"
107
*82 Va
.
'
preferred
preferred——•——_a*
_
1,100
6%
16%
29%
75%
2%
29
.v.77
•
29%.>:;
H7Va
6,800.
'
•'
29 %
;
*
7 fo
Sep
Dec
2%
6% Oct
41% Apr 27
———100
100
West Penn Pr Co 4%% pfd.——100
West Va Pulp & Pap Cb-^—No par
6% preferred
—4——100 .
100
177a
7://, 2%
2%
6%
* 6 Va
1%
16%
v
17
34
Sep
6%
%
7% Aug 28
class A——No par
15 %
13 Va
59 Va May 20
1
Indies Sugar Corp—
Sep
Feb
% July 25
24% Aug 21
80% Oct
Jan
Jan
Dec
2%
1% Jan
6
15
May 18
-
Jan
6'/a
36
Xl2%
11% Jan 15
par
Apr
25% May
8
par
No par
6%
?■
200
99 Va
97% 7:V*96%
97%
Vl6% .16% '77
2% V 2%
2%
G%
..
,
-jg— "IT
-
•
Snowdrift-——No
preferred
West Penn El
:
220
7. 1
109
:
99 Va
conv
West
120
X54%
Wesson Oil &
420
:
7
66'/a
55%
109% 7 :108 Va
200
43%
'
43 Va
■
1,100
.
.
X65%
8%
"'"7 "'43
i
./.:•!
18
—No
Eisenlohr
9%
22 V*
105^
Dec
16
.
5
3
4 Va Oct
12
Wayne Pump Co_
2 Va
5
16% Oct
5
Waukesha Motor Co
Jun
Jun 22
May 4
1
400
•
Dec
39 Va Oct
19
Preferred receipts
21%
Warren Fdy-& Pipe——_No par. .> 24%
Washington Gas Lfc' C6_
-No par
" 13%
•'
16%
*2%
71%
56
109%
109
13%
*69
66
55%
.
16
*17%
44
J'
.
No par
—
Deo
96 Va
Apr 17
Mar 23
Va Jan
2
Va Aug 13
Jan
2
Sep
8
Oct
5
Jun 16
V.
-
—
150
50
/ •
——No par
Receipts
$3 preferred
400
6%
15%
5
Mar
4% Jan
May 11,
XC5
—No par.
7
15
102
16
Feb 17
4% Apr 27
50
Pictures—————5
Bros
tWarren Bros Co
:
1 "200"
*15%
*13%
'
71%
66
55%
108%
16
14
43%
,
.
*15
*13%
Warner
"
*12%
*97 Va
No par
$3.85 preferred
•
18
*69
9%
40% " 42
*65
15%
17%
18%
70
*9
54
No par
—:
100
i
.
leva
54
-31 Va
13%
2%
%
No par
B—
preferred
51,000
4
27
14
;
*13
:X ;>
*25%
16%
X15 %
.
*27 Va
*2%
9%
Class
$7
28,400
J-
V%.,'
*%
27
2%
-&/
6%
29
16%
64
preferred
Ward Baking Co cl A—
1 1,100
30 Va
16%
*18
40%
400
Div redeem
•
*27%
*2 Va
•
■2
23
a
,
:l"; \
16
9
500
4V«
•
T
13%
63%
I
16 V*
,
—_*.75.:_1 -79%
•%
30
16
.
Co
7% Oct
19Oct
>'*
,
Walk (H) Good & W Ltd—No par,*
'•
*28%:
13%.
*40
1,200
1
lo
*25%
70
I
6%
13%
*69%,
38%
%
6 Va
': *%
%' r-':%
*27%
2%
3% Apr 23
Walworth
23
80%
28
16%
u-^-i-^-No par
2,400
4
23 Va
6%.
1
V
.27%
18
preferred with warr—„100
par
>
!,V
10
*22%
16
17%
4%%
,
par
—i-Nd
4%
VA'. *16
4
*15%
*2 Va
J 1,900
Va
21% July 2
6% Mar 25
.16
Apr 23
97% Jun 19
-——-No
38%
16%
*13
*16%
102
100
preferred—
Walgreen Co
4%
38%
80%
28%
26%
.19'4
%
*27%
.27
;
19%
*3%
22%
*•77
% ;/v: =•
27
System
191/4
*
6%
/'•.:%
27
RR
Waldorf
*16
4
% y.
U
79... .79.-;
/
Wabash
400
4%
"
;
••
\ 2,500
7%
*101%
38%
'16
23
6%
:
24%
7%
!
38%
4
*22%
24%
7%
4%
38%
23
759.
■-.■m
4%
*15%
%
■
,23
102%
4%
*3%
25 Va
7%
19%
-
101%
38%
4
24%
25%
-19
19
102 Va
4%
v:,
•
f; 1%
7%
19
*101
16%
*3%
.
7%
19
4 Va
24%
25%
*7%
'
v„
102 Va
4%
V
25%
VA
18%
Ap#
3% Oct
'x^eatreg in^uipment.
~
nNea,
;
" •" •
<
iftM. *7 U
;
THE COMMERCIAL &- FINANCIAL CHRONICLE
1392
/I
r
|V"
4;
Monday,. October 19,. 1942
r
m
:
Bond Record
FRIDAY
WEEKLY
-
»>
YEARLY
-
Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions of
when outside of the regular weekly range are shown in a footnote in the week in which they occur, No account is taken of such sales in computing the range for the year,
letters in the column headed "Interest Period" indicate in each case the month when the bonds mature,
..
.
■■u-,.-
NOTICE—Prices
the week,
*-'~T
New York Stock Exchange
io>
and
The iffllic
"and
are
Interest"—except for income and defaulted bonds.
.
*
'
BONDS
Exchange
Week Ended Oct. 16
Last
or
Low
r
tJ. S.
Treasury 4 Vis
No,
High,.
Low
Week Ended Oct.
-
.t
1
114.8
'2.
.106.17
106.17 106.17
—1946-1956
M-S
*108,27 108.29
108.30
110.8
—1943-1947
1943-1945
J-D
•101.27 101.29
101.29
104.
A-O
*102.19 102:21
102.21
A-O
*103.21 103.23
103.20 ,105.20
A
J-D
*107.6
107.7,
108.14
Cuba
J-D
*110.15 110.18
109.14
110.29
J-D
*106.26 106.28
MS
*110.6
-
-
—
Treasury
Treasury
Treasury
Treasury
•
.-1948
i—
——1949-1953
214 s—
104.21
Low
High
1"
25%
29%
.27'/*
106.17
y.i
25%
31
u,
25%
,*■ 106
*103 23 103 ,25
*103 7
2%s__. .———1967-1972
.——1951-1953
Treasury 2lis
1952-1955
Treasury 2!4s—.
1954-1956
Treasury 2%s».
-1947
Treasury 2s„L--.
MS
Treasury
29
29
29
27%
*27
M-N
"'"17%
M-S
17%
i'*102 Va
103: 9-
100
76
104% 104%
1945
J-D
108% 108 Va
A-O
*18%
A-O
*18%
.
75%
J-J
1942
_1955
14
24
*101 4
102% 115
"
is
•
.Vi-,.
y
21
20
20
,
A-O
36%
34
"29
42%
.36'A
k"
:•/■
§ A 1st series 5 Vi s of 1926>>>»^1940
5Vis»»_1940
Customs Admin 5 Vis 2d serie^—-1961
...
103.14
5
100.22
5%s 2d series-;
Vis, 1st series-,— ,111.,—,
—11
,
1.1,,
■
t
>*72',i
74%'
63
,*69
71%
59..
71Vi,, w.\*. 1
61
A-O
■
vi
1969
■
1969
;.:71%
MS
73
.70%
/■/'
73
A-O
72
»
10
J-D
*104 26 104, ,28
103.14 105.16
AE1 Salvador 8s ctfs of
*101 6
101, 8
100.24
101.21
AEstonia
J-D
*105
105 8
103.27
.
73
""
70
65"
*
'
105.21
J-D
73%
•71%
73%
,v-:, 63 :
61%
f
"
.
i
A-O
"
J-J
42
;22% '35%
A-G
101.17
100
101, ,6
1
§ A 2d series sink fund
104.6
48%
26'A
30
•
M-S
jADominican Rep Cust Ad 5*/aS->_1942
107,2
.
34
1.33%.
,
.100,4.
24
83
100 y« 107
:"/:/; J; ;
,
103%
68%
2 '
.
:
.•/..
.
42 Va
-
F-A
>1962
External; gold 4Vis-
102.18
•
100 16 100. ,22
18%
102% 102%
'
WW-
75'i
J-D
5 Vis
12%
99% 101
»ai-'
J-J
wks
39
4
:
*102%
F-A
,
17%
*100
F-A
29
118%. 32%
10
;
_„1953
103.6
•
'
J-D
•
'30
,.„1977
S A Denmark 20-year extl 6s_+,_
External gold 5Vis_
106.23
*106 12 106, 14
MS
——il962ril967
*27
;
M-N
.1949
debt
—
(Rep of) 8s ser A_1951
ASinking fund ;8s series B»U—-1952
107.7
105.24
.
106. 1
106
106.1
J-D
external
27%
,
•
105.25
*106 29 106. 31.
MS
J-D
,
A Czechoslovakia
107.30
108.31
'>104 21 104. 21
MS
—
A Public
110.18
MS
Treasury 214 s
106.9
108.16
11956-1958
Treasury 214S—.
Sinking fund 5 Vis
108.16 109.31
;
ilQ9 ,16 109 ,16
———L-il950>1952
214 s—.
214 s—. .-———-1952-1954
Treasury
No.
108,15 109.25
;
*108 .31109 .1.
J-D
4 %s
110.17
107.2
F-A
1949
loan 4Vis
108
110.28
107.11
108.4
*108.2
*108.26 103.28
109.16
External
107.4
*107,14 107.16
J-D
——al945
Treasury; 214 s—
Treasury
Range Since
January 1
Sold
27%
27%
»
M-N
(Rep of) 7s»_+i«««.H:i95i
(Republic of) 5s of 1904
_1944
External 5s of 1914 series A
105.9
MS
J-D
Treasury; 214 s—
Treasury
A-O
Costa Rica
107.29
105.3
MS
J-D
108.27
109.5
110.9
*105.1
—1960-1965
—
v
107.8
MS
—1958-1963
2%s— .-j-
Treasury
Treasury. 2%s—
■'
109.19 109.19
MS
,
Treasury
•Bonds
High
104.20
1944-1946
3148
-1946-1949
314s
.>—;
1949-1952
3s
:
_i—11946-1948
3s
—1951-1955
2%s
—1955-1960
2%s„—
.——1945-1947
2%s——UC.-1948-1951
2%s———:—1951-1954
234s
,
1956-1959
Treasury
Week's Range
>Last
•
or Friday's
Sale Price Bid A Asked
"
Mtge Bank 6 Vis
1947
ASinking fund 7s of 1926-.^..
1946
ASinking fund 7s of 1927-.
_»1947
Copenhagen (City) 5s_„_-.>»__
+.1952
25-year gold 4 Vis..—
116.2
J-D
___>
314s
Treasury
Period
Low
1947-1952
---1944-1954
1 try
Treasury
Interest
16
High
114.17 114.17
Treasury 3%s—
Tre?sury 3%s
Tret»try 3 Vis—.
Treasury
Friday
'
New York Stock Exchange
January 1
A-O
Treasury 4s-
Trea
Sold
A Colombia
Government
j_.
Range Since
Bonds
Friday's
Sale Price Bid & Asked
Period
BONDS
v
Wfeek'B Range
Friday
Interest
Stock
NeW York
r
*104,
104, 6
104.5
*101,
101 6
101
102
*104,
104 5
103.27 104.24
Treasury 2s_— —.Jun 15 1949-1951
J-J
*100
100 9
100.9
Sept 15 1949-1951
Treasury 2s—— —Dec. 15, 1949-1951
*100.
100, 7
100.11
100.20
100.
100. 5
100.4
100.6
100
100
100
100^2
J-J
dep---—1948
7s+-i>
,-1967
17
17
17
"
20
.
(Republic) extl 6s_+——+1945
>1949
1949
*11
8
MS
*66 */a
J-D
i7
95
85
85
8
*84%
85
66
■
13%.
65
■**
,6%
82
J-J
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15 1948-1950
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-
11953-1955
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1950
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s
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1960
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1961
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i
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1960
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s
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page
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Rio Grande do Sul (State of)—
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of 1921
—
.—1940
gold-. —1968
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municipal loan
—
—1967
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2
external———
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20
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17
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13
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15
15
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13
19
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13
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15
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7
21
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30
15
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:
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1
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33
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Serbs Croats & Slovenes
16
il
«■____
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1950
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1968
(Kingdom)—
1962
13
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/ '
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s
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1955
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36
60
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1
30
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31
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'
—
readjustment-
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57%
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—
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1979
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60
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1978
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77
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31
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1964
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1961
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32
— mm
29%
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11
30
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.
11%
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external
(Prov of)
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_
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17
1936
•
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ASilesia
18 %
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7
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.-+1956
—
f 7s
s
M-S
M-N
■»
17%
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8s.
1952
1957
(City of Brazil)
A6%s extl secured s f
A 7s
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27
1970
>
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84
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86
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46
'
.-1946
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44
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8s-
——
A Sao Pdulo
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-
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19
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footnotes
;
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*
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.-I960
hExterhal loan 7Vis
——
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(Hukuang Ry) 5s_—1951
—1961
12
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1960
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.-1963
—
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1962
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19
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*—
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'
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<-
fjft
'
>
i >•
68
68
A Stabilization loan S f 7s——. ..1947
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:
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75
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13
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1957
.
14
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1961
For
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1961
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Colombia
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•
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.
,
a-o
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■»».
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5
1963
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1
78
F-A
—
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97% 101%
>98% 100%
93% 98%
4
'I
19
1963
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21
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assented*;
:
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'
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2
.
19
,
M-S
M-S
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19
18
J-J
assented
*5
:
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1961
._Jan
97%
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■
19
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assented*—*
97%
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1960
18
-
-
10%
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4%sr_——-1965
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f
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•
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a 6s
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»
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t
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: 1
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67%
15
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;
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86
'■64
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106% 106%
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1942
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86
64
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:
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—
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56
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.
6
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r
1 '•
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'
25
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—
1945
3 %s_
——1961
2 Vis—2*.—2.——*——1944;
30-year 3s—
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*
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——(*1954
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1947
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44
9
151%
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8
(State)— •
f 5s
s
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v
.
-
.
MS
-
f $ bonds—^-—1984
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-
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'
f-a-
r.
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1976
1975
External readj 4%-4%s_—
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—
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f '*
1952
7s
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"
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,
34%
69 % .69%
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s
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1958
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.-1955
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'
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—
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94
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j
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a
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99
MS
>
f 6s.——————1955
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»
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8
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s
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.
.
8
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8
J-D
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5
Norway external 6s————1943
External 6s——
__T_—,.1944
74%
65
54
72%
70
Q-J
.1954
21
"
80%
'
82%
—
-1957
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95
%1%
83
.72%
69
;
30
(79%
.1945
1959-
New South Wales
29%
88
•!
,:
"
92
7%'
7%
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1959
f 6Vi8_____
(City)
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72
ri,
'
—
series A
l6s
.
-1972
Australia tCommonw'lth) £3 of
External 5s of 1927
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A Montevideo
1
;
;
f 6Vis
s
A Sec external s
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.
(State)—
external
A Sec
■
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15 VT
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3iy»
Argentine
,
11
6%
8
I.
f
15
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,
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14%
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f 7s 3rd series—1997
s
7%
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-
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.
,
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80
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; •
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.
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11
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it 'M
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14
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.'
32 V4
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s
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'
(US) extl 5s of 1899 £-^
A Assenting 5s of 1899_
A Assenting 4s pf 1904—-——
A Assenting 4s of 1910—u-—.
SATreasury 6s of 1913 assent—
42
32%
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,
A External
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43
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62
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.
'
stamped assented
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v
sink fund 6s_„____„__-_l947
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Municipal
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....
Mexican Irrigation-^104
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;
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a External
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•
3-D
AMexico
Foreign Govt, &
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64
101.10101.10
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_
■
——111980
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9
'
v
Corporate Stock—
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7%
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Mcndoza
\\l. ■'!
' New York City
Transit Unification Issue—
:
:i6%;
*8
-.—1968
103.23 104.20
M-N
——1945-1947
M—
,
,
102.22 103.24
*103. 13 103. 15
AMedellin
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;
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Helsingfors (City) extl 6%s_i.—
1960
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series
•
part paid——+1964-
A 6s part paid-
;
Home Owners' Loan Corp— > ~' TT"~,
lV#s
-
7s unstamped-——
AHaiti
Federal Farm Mortgage Corp—r
3 vis
i
———-1944-1964
-
100.5
J-D
2s—.
Treasury
J-D
———1951-1955
Treasury 2s
French Republic 7s stamped
;
,
57%
51 Vi
57%
54
60%
•41%'
47
4%
7
3%
1
)
it1*
JM.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4117
156
Volume
•v'
1393
. -
NEW YORK BOND RECORD
r-Tj:
.
BONDS
•
-1
Interest
.
Last
.
,
Bonds
Low
*
No,
High
Low
Week Ended
J-D
,
:
J-D
,t-
J-J
106 ya
A-O
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*56
*59
A-0
A-O
A-O
1-1951
P-A
Allis-Chalme'rs Mfg conv 4a_._._._1952
Am A Foreign Pow deb 5s,———2030
Amer I Q Chem conv 5%s,
,—1949
Am Internet Corp conv 5% s,_,—-1949
3'As
3s
90
J-J
59%
59%
2
47
59%
J-J
———1956
J-D
.1.
J-D
34%
46
63
*76%
54'
51
64
^Central of Georgia Ry—
A 1st mtge. 5s_—
§ A Consol gold 5s
34
41
59
A Ref
60
68
-100% 104%
101%
93
5s
108%
122
105% 108%
107 % 108
128
108
109 V*
100% 101
114
100
,101
4s
•4
105%
94%
»
.
—
' 47
.
,
63%
;
-
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15-
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87
J
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.
48
-63%
6 '
,
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102% 103
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48 V
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38
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34
.'.
Atl It Charl A L 1st
4%s A-
^
-
General unified 4 %s A————1964
10-year coll tr 5s_——May 1 1945
1952,,
Atlantic & Danville Ry 1st 4S—r—1948"
Second mortgage 4s
.:,,.,s„wI948\
Ati Gulf ft W I S3 coll tr 58—
1959
Atlantic Refining deb 3s
———1953
L ft N. .coll gold 4s———Oct
•
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94%
94'/*
-
:
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2
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19
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101
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105
1
,
42
109% 111%
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1
:
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64
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86
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167
75
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v
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39
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v
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;::r *119
' 120%
1I7V2
121%
*114
■
118%
C.
114
114
24'/a
389
13
24 Va
85
94
8IV2
92%
J-J
A-O
22%
d22%
;;
J-J
93% .94
92 Va
97
15
„:..26
'-I?' 94 Va
94'/a
81% m 81 '; »• 817/a
v'-i" 64% 65%'J.!,'-v
..
.
»
1£
56
92 Va
96%
96%
-
5
,
88
;
120
65
;
31%
30
32%
*118
83 Va
63%
72%
~" A
r-.':; U
32%
94%
'
.73%
751
:r74V4 :?-f';73Va 174%f~~
80
,71:
^a;.v'v
■*
"34%
21%
110
123
116%
119,,,.
65%
65%
66%,,,.;; .21...... 61%
39
p_.___.2038
38%
39
*33%
..1947
,..1947
35%
68%
'45 '
;,33.
30%
,
'
30%:: 3iy2
■
,',p
,f
20 '
'29%'"29%
51
38
'281
36
26V4
;jt-
—
*
'
90!' '■M •''
series A.—.1966
6s series B_.___May 1966
jif-S
F-A
i
24 V4
I 29
29(4
v
series
30% :
24%
102
v-
30(4
,
39%
183.
24%, 39
120
.24%
.
i 24%
,
\
*'49%
49%
50
j;
C. 4.8%
,92
*
;
gold 3%s series
4y3s series C_
j-J
.100
34
$7%
56
57%
57%
57
57%
4%s
AGeft
.
*78
A-O
104%
129'A
61
"ACony adjustment 5s.,:.__Jah 12000
48
83%
104% 108%
4
127% 130%
J-D
98%
98%
"I
98
99%
98 (4
98'A
98%
31
96%
103'/a 103%
8
102% 105%
J-J
103% 103%
4
102 y*. 105%
100% 100%
F-A
1960
"r
.1965
103
103
A
28
101
;
.
,
Sandy' 1st mtge 4s——,—1,1944
Bla.w Rnox 1st mtge 3%s_,.*.--,-1950 ;
Boston ft Maine 1st 5s A C„»..i--u*-1967
,1st M, 5s series II,,————-,-1955
*102
M-N
gold 4%s series JJ_———_r,1961
mtge 48 series RR,—L,.-',,1,1960
A
—July 1970
77
•89%
V
M-N
f A Boston ft . N Y Air
"Af-N
'72%
Af-N
Bklyn Union Gas 1st cons gold 5S-1945
1st lien- ft ref -6s series A———1947
75%
:
79
91
74 \
8
'
38%
102%
108%
■
19
66%
29
43'A
10
14
14
103
103 VaV
♦104
—1981
F-A
Buffalo Niag,Elec 3>/zS series C-2.,1967
80%
82%
98
14
A
Af-N
♦114
88% 105
,113
114%
deb
1397.
:
3%
35%
.
35(4
36'/a
39
33
41%
1st
H'/a" 26'A
107 >
13%;
25 %
66
14 y8
25%
'375
•
:Vk
54
30%
19%
'
14 Y
40
31 Va
17%
19%
18%
:
20% J
21
•
4% '
Af-N
4%
557
;l<>
71
■
66%
54
J-D
<•
>
64
45
'
«
•
1
J-J
i
V 108V4
108
108 %
101
101%
101 y4.
J-J
A-O
.5%
109
11 ya
11%
102
A-O
81%
81%
16
J-J
60%' '6i y*
13
53
A-O
77 Y*
.8
.70
12%
78
'11%
.
12'A
11%
'12%
•
78
5»A
12
.;
AfcO
108% 108%
79
79Ta
108% 109
108%
A-O
.
J-J
>
J-J
107% 108.
:
A-O
111% 111%
F-A
8
2
.24
*111% 111%
j-D
110%
;
109
F-A
M-S
110% 110%
107%
,
.
109
107% 107%
106
8
5
,
78
104
2
20
il
63 y*
81V*
108%
.-.______1967
gtd' 4s
.11942
'
..1969
1943
'
Jf'i
f
M-N
Va
t
96
■
98%
"2
40%
;28 ' r'
.108% 108%
47
i.
■
-
2
4?%v 45
105% 108%
'
'
991/4 102%
92% ; 96%
29
2
-24
:
-
Jii-
F-A
J-J
.
i.
'
11'
■
>1.1 >■
50
49%
17
,
'
99%
36
39
•
297/a
:
106% 109%
109%-111
102 Vat 102 ft
?
•10»Va 110%
"llOVa 110%
*111%
'iY,'*99% 100
M-N
94%.
<
'
•
4;
•Y 19 •"
^
54
•
-34Y':
t>-13 A.
.
55
68
'
*111
M-N
80
46%
,
|" '
'
29%
J-D
5Va
>
59
■:
18
:
43%
->40%
43%
43%
,
297/a
-
95%
98 Va
S 40 V4
v", '
-112
110
99%
99'
Y
Cleve Cin Chic ft St-Louis Ry—
gold 4s__i
.1993
i;..
1993.
..1977
St L Div
1st coll
tr
1991
gold;4s
..1990
Cleveland Elec Ilium 3s
85
98
r
F-A
1st gtd 3%s D...1971
1st mtge gtd 3%s series E_.
95(4
M-S
A-O
Clearfield & MahoningrRy 5s±
1970.
J-D
71
.
_•
;
J-J
,
j-J
49%
.
-
45%
.
..
107%
>18,
65
76
85
'86
199 Y
:,42%
71%
85%
49'/a
65
13!
46
64
46
J-J
M-N
71
*78
48
J-D
<106% 107(4
•
13 «<
.2
-
44
>
'64
-
'
•
53 Vz
52ya
74%
104% 108%
109%
104% 108 Va
107% 112 y®.
112
105
110%
103% 109%
103% 108
Cleveland
&
.
Series
C
Series
108
22
J-J
83%
,
: Y
21
1%
68
'
52
^45
.32
9%" 19%
10%
.221
•
64%
50
■
l991
'
34
18
•
2,058 ■
54
64%
52
J-D
M-S
1943
cons
4%
59%
•
18%
'
2;.
4%
71
J-D
J-D
:t
1st
■
~V-'
.
34
'
'
MS
•
—1957
mtge 3%s—
Cin Union Term
42%
107
•
4
53%
34
•
A-O
Cin Wab ft M Div 1st 4»—
gold. 4yas
——,.,1956
Guaranteed gol.d_4yas————:_1951
24%
;
54
"a-O
..1952
Ref & impt 4y2s series E._
Guaranteed
23
23%
3%
35
.26
71
26%
24
31 Va
;Iil951
i960
5s..I
5s_
35%
36%
•
*
1st ft ref 4%s series D.,J^_—.^1962
Debenture
35
23
;
22%
42%
25
!
71
"
<
Childs Co
34
22%
-
40%.
40%
■
24
M-N
1st 5s.
General 5s series B
..
J-D
......^1951
Chic & West Indiana com 4s._
35
23
"
29
1
—Dec 11960
ACertificates of deposit—,—..
General
;
40%
"25%
V.; 24 ■
J-D
gold 4%s
Cin Leb & Nor
■
35%
4*40
Jlf-N
t_1988
......<.1963
1963
34%
32%
22%.
ii
•":
35
34%
'V 35%
'V
J-D
Income guaranteed 5s
»
29%
22'
'
21
33% "34
34
M-N
r ACertificates "of,, depositi.I.pw._..v.
JARefunding gold 4s__..^..,I__1934
3%s
5 {
30""
34%f'.
33%
;
lAChoctaw Ok ft Gulf cons 5s.j—1952
Cincinnati Gas ft Elec 3%si
..1966
Af-N
,'—1957
,,1966
Canada Southern cons gtd 5s A—1962
Canadian National gold 4,/2S—,1957
Guaranteed gold ,5s———July 1969
.«
Guaranteed gold 5s_—H—Qct 1969
Guaranteed gold 5s
—,1970
.Guaranteed gold;4%s„1955
r
•'31V*'
'
_______1949
Chic T H ft Southeastern
110% 110%
-
4%
1f
'
33%
M-N
...
Chicago Union Station—.1st mtge 3%s series E
1st mtge 3VaS series
88%
72%
J-D
California-Oregon Power 4s_
32%' '32 Va
*
A4Va» 8tamped__^_._._..-^___._1987
iASecured 6%si—
_._-.___1936
A 1st ft ref gold 5s
...May 12037
A 1st ft ref 4%s stpd
May 1 2037
-A 1st ft ref 4%S C
--May! 2037
Gold
4*
25
M-N
....1952
:_1960
Chicago St L ft New Orleans 5s
1951
109 Va
98>/2 108
26
97%
"J-D
Bldgs As gtd———,1960
18%
v.1%
1,255
4%
'
Debenture gold 5s——^,1950
1st lien ft ref 5s series B.1—,——1957
fBurlington Cedar Rap ft. Noir-^ 4
,5 A 1st: & coll 5Su,a
—1934
A Certificates of deposit—
Bush Terminal 1st 4s——,———1952
Consolidated 5s~,l————1955
>
J"-;' 33 Va
M-N
Memphis Div 1st gold 4s_..i
100% 106
69
1"
53
544"
100% 100%
4103
!53 %
'
M-N
§ASecured 4%s series, A
27 »A
107
*100%
Af-N
34%
"
J-J
76
91
y#
53
34
55
.:
■S >32%
M-N
registered.^.
AConv
,
73% *'
27 A."
26
108% 108%
i
4.
•-
32%
F-A
75Va
.
39%
,72%.
38 %
"F-A
1st "gold 5s,——-1950
89%'
89%
*73%
F-A
J-J
AInc mtge 4(4s ser
i
74
85%
"•'5,-
77
33% 151%
'34
84
.
101
,77
A-O
L 1st 4s,^-1955
M 3 Vis-i.,—,—1966
•
4%
-
M-N
IfAChicagQ Railways 1st 5s stpd '
25% part paid.....:
...
.^,..1927
103
'
M-S
,
..
—32%-48%-
44%
H*'17% .18
•'18
*M-N
| A Chic R I ft Pac Ry gen 4s
105
103
F-A
'•
_i_._._1987
^
A Conv 4%s series A.:
■-
J-D
3087-
44 V4
98% 102
2
103
'
43
43%
43 %
1
:126
5
^
...
......1987
98%
A-O
:
98%
A-O
1952
l
'
44%
>
AStpd 4s n p Fed inc tax.,^1987
-AGen 4%s stpd Fed inc tax__._1987
AGen 5s stpd Fjftd inc tax.._.x_1987
.
17
.,
"56%i70
44
43%
,43%
;
A-O
i._
AGenerai .gold 3,%s__.,-..r^_i_1987 <
3%s* registered...!
.^.-;I__J;.1987
60%
72%
128% 129'A
W:
6%-10%
V'
J-J
1959
at
J-J
F-A
4s
48
49
45
104% 104%
A-O
-i:7%Lll
-•32%_31%—
43%
J-J
^-__1975
95% 100
85
143
43 Va
J-J
J-J
J-J
^May 11989
F
series
,'AMtge gold 5s series A
53%
8
„
J-J
debentures,——,———, 1956
Consol mtge 3%s series
*44
J-D
..pi.
tChlc Milw St Paul ft Pac RR—
.
.42 V4
"4
r
,
9
9
-7
54%
45;
15
100
J-J
'
•:
8%
-
'''•"67% -'68'
68
.I.May 11989
^AGen 4%s series E.:
^Chicago ft North Western Ry—
"J-J
8Va
'•'•■'
^...May 11989
BJ.May 11889,
...May 11989
A_.
AGen
.'
M-N
stamped——_-**
Sturgis 1st gtd 3s_ ,1989
Beech Creek extl 1st gold 3 %s_. .1951
1948
Bell Telep of Pa 5s series B
...
1960
1st ft ref 5s series C
1943
Belvidere .Del cons • 3Vas,,———
Beneficial Indus Loan 2 Vis—. 1950
Beth Steel 3%s conv
8%
^Chicago Milwaukee ft St Paul—
V4
44%
28
'
Battle Creek ft
91%
gen 5s
AGen 4s
1951
page
If-S
ilv
8(i
—'___;_1958_
AGen
Aroostock RR 1st 5s— ,1943
footnotes see
15
65 y«
54%
59%
60
1951
For
20
18%
82%
Af-N
Chicago Ind ft Sou 50-year 4s—^..1956
A-O
34%. 48%
Bush Term
14
57 V2
'■
—
,.1949
,.J_.
mtge. 4 y2s
A 1st ft gen
f<
.43'A
Buffalo Rochester & Pgli Ry—
Stamped *- modified
(interest
.. y/«
to 1946^due
;
;...,..._1949
registered...
Alst &
62%
.32
4V4s B
51
' ; 81 %
».74Ca
81%
'■
F-A
t A Chic Ind ft Louisville ref 6s A..1947
103
Buffalo Gen Elee
62%
13%
79"
92
56% '"' 55%
A-O
Chicago ft Eastern III RR—
;
A Gen mtge inc
(conv) ..—1997
Chicago & Erie 1st gold 5s
i-1982
Chicago Gt West lst;4s series A...1988
106
102
6
104% 104%
46%
-4s
„
F-A
■
rrrlst ft ref^ :5s""serles'zzzz'Z+lQTi'■'
95% 100%
11
,40(4'
Bklyn Union El
18%
^
IIOV2 112%'
18Va
*108% 109%
_....__..1949
4s...
1st & ref 4%s series B.
75
25%
49
:
Division
General'4s—___.
.63 Vi
I7
r
28%
33
'
■
94% 102jf2
*
264
39 y*
Bklyn .Edison cons
'
159
20%
*15
A-O
..,.".^.^-1949
registered.
Illinois
66%
57%
.
54
102ft 102%
74%
33 V4
.46 %
1st
28"'*'
19%
<
.
1st cons
.Illinois division 3%s
soy*
46(4
1st
'■■■. :U
r'r
.
15%
•
•
18%
18%
18%
J-J
104 Va
.
,39%
'Con. ref 4s,—
Big
20
3
vu-
■ (11
.
*110% 111'/a
':-.71%"73
3S
2d consol
AGenerai ,4s_...^
.
1
3
87
'
69r1'
20%
8 U
J-J
100 V* 103%
2
141
102% 102%
103 y2 103%
102%
1
j-J
debs—.
F——
Consol mtge 3s series G—
Consol mtge 3 Vis" series H,—
19
7%
...
,.;i6% is
-
10%
Chicago Burlington & Quincy .RR—
112
H01
j-J
2% s
;
45%
7%
7%
■•♦23%
J-J
1946
R ft A Div
1
—1959
Bangor At
'
•
:"V'73
gold 4s
..1989
gold 4s.
1989
AChicago ft Alton RR ref 3s.-..;.1949
110 Va 112 y»
97% 100%
112
Pglv,li E ft W Ya System-r-v
Ref gold 4s extended.to——1951
Sweet Div 1st M (int at',3%$*' "
to Jan 1 1947)
--W50
Toledo Cin Dlv ref 4s i
7%
7%
87
138
■
Jtef-ft^en-ser-B-Ufit-^fc-l %to——
Sep 111946). due————2000
: Ref, & gen ser F (int at, 1 % to .1
Sep 1 1946). due—--———1996
: A Conv; due——;
„—Feb 11960
'••■<
7%
:
"■
'
t
20%
J-J
(1938 issue).......1950
^Refunding gold 5s series B
ARefunding 4s series C—
gold 4s—,———July 1948
Stamped modified bonds—
•
1st mtge gold (Int at 4 % to vOct 1 1946) due
July 1948
Ref it gen ser A (int at 1% to
-Dec 1 1946) due—
—1995
Ref it gen ser C (int at l\'s%
to Dee 1 1946) due——1995
,<
93% 100
,23
35%,
""30
.
69
A-O
Chesapeake ft Ohio Ry—i
General, gold 4yas__
...1992
Ref ft impt mtge 3 %s D—.....1,1996
Ref ft lmpt M 3%s series E...;.I996
106% 112
1
13
94%
■ \
1st mtge
..
•
55
99% 100%
24
■
19%
J-J
4s_1949
100% 106%
*101
.
gold
Certaln-teed' Prod 5%s A—1948
B
•'
35'
/
66
A-O
..1962
Through Short L 1st gtd 4S.—..1954
Guaranteed gold 5s......,'.lJLi. 1960
SACeniral-RR Is Bank'g of Ga 5S..1942
AGen inc
Baltimore ft Ohio' RR—
98%
34
69
J-D
Champion' Paper ft Fibre—
> S f deb 4%s (1935 issue).......1950
94 y»
105
i
,....
42%
23
97%
_.._1987
99 y» 101
1104% 104%
J-J
M-S
J-D
Af-N
_M-N
J-J
' J—J
J-J
M-S
registered—
•100'% 1061/4
59
111% 111%
-
94%
3-D
J-J
«
,
100%
20%
A-O
..1987
43
102% 103
111%
M-S
<.i*1944
1st 30-year 5s series B„,
4s.—
45
*100---—-■
;
J-J
Atlantic Coast 1st cons 4s——July 1952
99 V2 102%
r_
,
1
M-N
i959
Central N Y' Power 3%s___.
"
A-O
1946
.-1944
Atl Knofc ft Nor 1st gold 5s_,
5y2s series R._,.
Central Pacific 1st ref gtd
"105
J-
r
Nov
M-N
J-D
J-D
J-D
.
;
101
;
105%
■
»
100
,
F-A
1945
__1945
registered—....^,—..wv,—.1987
AGenerai
107% 107%
Jan
Q-J
M-3
P-A
3-3
Adjustment gold 4s——*—-,-,1995
Stamped 4s
—
k—--,1995
Conv gold 4s of-1909-—-4^1955
Conv 4s of 1905——-w—1955
Conv gold 4» of 1910————I960
Trans-Con Short L 1st 4s__,——1958
Cal-Ariz 1st & ref 4%s A——1962
i—Nov
Central Illinois Light 3l/2S..
i._1968
t A Cent New. Eng 1st gtd 4s—..,1961
i A Central of N J gen gold 5s..l..l987
-
9
107%
Nitrate deb—--1967
tAnn Arbor 1st gold 4s
——1995
Ark ft Memphis Ry Bdge ft Term 5s 1964
Armour At Co (Del) 4s B———^-1955
1st sink fund 4s series C (Del)_1957
Atchison Topeka It Santa Fe—
General 4S
—^——1995
105%
106% 108%
*
—
.50
100%
,
59%' 75%
-"ioi%io4y^
99%
'
101
50
v
105% 108%
72
24
-
'107% 107%
3-J
v.
.
"'
gen 5s series C
1959
AChatt Div pur money gold 4S..1951
AMobile Div 1st gold 5s.,n.„i.l946
27
75%-
ft gen
*100
F-A
ARef ft
107%
-M-N
A Anglo-Chilean
M-N
;
Celotex Corp deb 4%s w w_—*...l_1947
ACent Branch U P 1st gold 4s
1948
r
Type Founders conv deb——-1950
A.*-1975
Am Wat Wks ft Elec 6s series*
103
93%
50
65%
•
*107% 108 Va
Celanese Corp 3%s■debs.-,-..-..,,.1962
90
7
,
,
63
92
103
73%
M-S
Carriers ft Gen Corp 5s w w
..1950
Cart &:Adir.lst gtd gold 4s,.,....1981
J-D
M-S
•
1965
59%
.
63
33
A-O
Am
95%
77
72%
99
3s_______^_1962
Amer Tobacco Co deb
81%
21
JSACarolina Central 1st gtd 4s,.T_1949
A-O
i— 1*.—1966
debentures
conv
13
89%
:.
,—-—-1961
debentures——,,
94%
88%
78
103y2 "104
J-J
American Telephone & Telegraph Co.—
—
'1.74.
M-N *
72%
99%
93%
81%
107% 108%
108
M-S
M-S
"•
62
89%
88%
58
103
1
94%
85,
; 48 %
*65
A-O
29
J-J
142
50
—1950
31
99%
High
108% 111%
J-D
55
89
56 Va
71%
98%
105% 105%
54
93
,
98%
Low
4
71
J-J
1954
Carolina Clinch ft Ohio 4sJ
104% 106%
;
58
71%
M-S
...........1946
111
—
J-J
_..___1960
Collateral
103%
103
63
87%
71 Va
,
HI
3-Jf
Range Since
January 1
Sold
No.
gold 5S
trust 4yaS„;
Coll trust
10«%
104% 104%
106%
64
*91%
y*
4%s
Bonds
!
High
____1944
98% 101
—
,
Friday's
or
102
*93 Vi
*103 Va
Week's Range
Last',
Sale Price Bid ft Asked'
Period
ctfs
100% l01'/«
—
,,
Alleghany ft West 1st gtd 4s,—,1998
debentures,
5s equipment trust
♦101'/«
A-O
3lAs
Coll trust
62%
*105 % 106
*104 %
—_1950
Allied Stores Corp 4%S debs
72%
44%
*101 y8103
88
income...,:..:
65%
48'/e
M-S
F-A
J-D
A5s
71%
P-A
Alleghany Corp—
v
'
5s modified—————
.—1944
5s modified——————1949
—
,Interest
Low
487/a
48 To
J-D
-
Albany & Susquehanna RR 3%s—1946
3%s registered*.:....!.-....,,...1946
modified
.»
/
High
♦68%
J-D
J~D
Stamped \L<-——;—
^-1953
Adams Express coll tr gold As..
:1948
Coll trust 4s of 1907
1947
10-year deb 4%s stamped—_.._1946
Ala Gfr Souther 1st cons A 5s_^1943
1st cons 4s series B—.—
1943
Alabama Power 1st mtge 3%s___~_1972
Albany Perfor Wrap Pap 6s,
1948
6s with .warrants assented_,i,M,,1948
5s
Oct. 16
Canadian Northern Ry deb 6%s___1946
Can Pac Ry 4% deb stk perpetual,.,,.
A
Friday
k
New York Stock Exchange
j
Railroad and Industrial Companies
tAbitibi Power ft Paper—
;
SA5s series A unstamped,.—...1953
;
BONDS
,
Range Since
January 1 •
Sold
Sale Price Bid ft Asked
Period
*
t
Week's Range
or Friday's
Friday
:
Stock Exchange
Week Ended Oct. 16
New York
D
Pittsburgh RR—
Vks gtd...
3Vas gtd
.General 4%s series A
Gen ft
—1948
1950
Cleve Short. Line 1st
..1977
J
ref. 4 %s- series B^
gtd 4V2S
'
1981
.1961
M-N
1 *105
_,
"
F-A
*105
J-J
.108
*105
A-O
70%
'
69^Vz-
108
105
*106
-F-A
108
107 Va
70%
30
63%
83%
THE COMMERCIAL & FINANCIAL CHRONICLE-
1394
Monday, October 19, 1942
NEW YORK BOND RECORD
Stock Exchange
Oct, 16 1
Last
Interest
BONDS
Bonds
Range Since
Sold
Friday's
or
January 1
Sale Price Bid & Asked
Period
Ended
Week
Week's Range
Friday
BONDS
New York
Low
Low
No.
High
75%
22
Friday
Interest
New York Stock Exchange
Ended Oct.
Week
Low
,
,
84
A-O
78
78
A-O
68 Vi
67
1977
A-O
61%
61%
1st gtd 4s_
Colo Fuel & Iron gen s f 5s
,.__1945
1943
....——1970
J-D
F-A
*103 %
103% 103%
Hoe
*101
t§ AHousatonic
M-N
mtge_,
AColo & South 4Vis series A_„___1980
A-O
86
86
101,;i 103%
79%
89 '
Houston
Af-N
25%
27
92 %
93
92 Vi
92%
87
88
Term
Union
1st
s
f 5s series B
1st
s
f 4%S series C
Coal River Ry
Income
5s
26 Vi
Af-N
93
Apr 15 1952
A-O
1961
1st extl gold 4s__1948
J-J
A-O
1970
M-S
5s__
Debenture
Debenture 5s__
—:—
Columbus & H V
Columbus & Sou Ohio El 3'As
A
1st extl 4s—.
Si Tol
Columbus
deb
Income
1955
.
87%
68
63%
74
58%
66%
1
15
89
%
210
Hqcking Valley Ry lst,4%s.
109
21
-1968
mtge 3Vis series I
debs 3%s.
J-J
1st 4s——1943
ref 4%s
—1951
—
1951
Stamped gtd 4 Vis—
Conn River Power s f 3%s A—,
1961
&
46
Illinois
109 %
106% 111%
6
14
109
109 %
■
3 Vis
debentures
3Vis
debentures—.
—
1st
108% 110
110% 110%
108% 110%
deb 4s__. -1954
105 Vi 105%
.105%
,
J-J
non-conv
1104
■104%
?
J-D
-
4s—
-1955
ADebenture
4s__
-1956
trust
Coal s f
Power Co—
Consolidation
Consumers
mtge 3 Vis—
37%
37
94%
1st
3Vis
95
23Vi
2
.;
.
•110% 110%
107% 108%
26
—
109 Vi
Joint
1st ref
Ind 111
&
1st gold 4s
Iowa
i—1950
26
37%
33%
Interlake Iron conv deb 4s,—.
8
30
33%
48
,28
35%
Union
ref
&
t ADenv & R G W gen 5s_j„-Aug
AAssented (subject to plan)
3
23 %
33
93%
94
18
86%
94
$ADes
*—
.
Gen
Gen
&
'51%
268;
"105% 105%
~i
107% 107%
i
61%
'
108Va
104
21%
20%
22%
342
10%
23%
23
10%
1%
4%
4%
4%
35
3%
3%
3%
164
%
213
18%
A-O
18
J-J
*5%
19
111
J-D
104%
78 Vi
—
5
111
.104% 104%
101% 106%
37%
32
—17%
83%
M-N
M-S
A-O
102%
1948
1956
1st cons gold 5s
1995
'
1950
&
1st cons M 4s series B___
84
18
80%
108
*25 %
2
110%
56
Y
149
I
107%
108
104
99
'
149
4
68%
29
68%
67%
J-J
91%
91%
54%
54%
103
*96%
1st
3 Vis
mtge
Fairbanks Morse deb 4s——-1956
& Rub
Tire
3s deb_.
fAFla Central & Peninsular 5s
^Florida East Coast 1st 4Vis
1961
of
1943
89
86 %
93%
45%
56%
106
95
97%
—1959
98
(Proof of claim)—
of deposit
1982
1956
105
41
Francisco Sugar
1956
—1961
unguaranteed—
coll trust 6s
Elec of Berg Co
cons 5s—_ 1949
Ala Ry 5s
&
1st
Nor
75
"9
57%
274
8%
6s
4Vis—
1st
F)
w
17%
18%
,20
7%
:
Northern
4
4%
4%
*102%
,
84%
837/s
13
2%
1%
'!>
84%
4%
.5
-: 90% 101
35%
59%
85
*91
93
F-A
/
93
57%
57%
58%
"52
60
60
61 %
153
-
96
38%
61%
%
2%
*%
2
50%
51
27
43
53%
95
95%
13
93
97%
85%
85%
1
82
88
64%
69%
65%
67
17
37%
67
63
64 Va
34
56%
64%
72%
72%
26
a09W 109%
26
Af-S
51
J-J
A-O
85%
1 A-O
68%
1
412
40
,
»'
63%
69
%
A-O
J-J
J-J
72%
109 %
65%; 74
",
108% 110%
*110%
110% 111%
49
*41
J-J
85
85
J-J
86
90
90
83
84
169
168
170
104%
101
106%
*82
169
A-O
43%
80
95
t*90
J-J
40%
85
,
MS
'101
1959
Gas
101
*1%
•
98
,
102
%
1%
1%
ref
ref 5 %s series Di.
5
98
F-A
87%
87%-91%
74
72
91%
F-A
88
88
90%
37
72%
91%
97%
98
19
95
98
5
75%
88
72%
84
series C——_
5%s
:
84%
(\96%
& Mich Sou gold 3%s~4—1997
J-D
83
83
—:——^.1997
J-D
*77
84
registered—^.
■
, -
;
;
Dec
48%
49
15
35
1954
J-J
78
78
4
70
J-J
75%
67
79%
A-O
93%
93%-
~3
91%
96 %
79%
79%
10
67%
80%
mtge income reg
Lehigh Valley Coal Co—
*
*
,
.
J-J
19%
18%
19%
40
14
31%
31
31%
5
20
stamped
105%
1947
105% 105%
24
Af-S
-
4Vis
series. A
1961
'*99%
94
J-D
*94%
J-J
94
93% 105%
8
80
108 % 108%
1
101% 102
3
105% 108%
98% 105
46%
..
J-J
92 %
93
21
88
ext——1950
83%
83%
84%
67
79%
89
J-J
82%
82%
84%
20
79
87%
93%
99% '
J-J
102
-
92%
-
,
1946
J-J
98
97%
98
1946
J-J
97 %
96%
97%
73
92%
J-J
74
73%
75
46
69%
.
79%
ADebentures
ctfs
Nor
1st
Feb
B
Mobile & Ohio 4s
*60%
Feb
5%s B
112
10%
65
1
10%
1
7%
3
89%
mtge inc 5s series A
1975
J-J
70
70
70
2015
series B
A-O
A-O
J-J
54
53%
54
91%
*—
57%
91%
1950
1950
mtge 5s series C
ref Term
Gulf States Steel
M
s
!.2Q03
__iJ_'2003
i
registered—1
5s
stpd
footnotes
see
page
1952
J-J
1961
1397.
58
73%
57
71%
58
73
72%
71%
46%
47
24
42%
51
54
37
48
54
34
158
5
87%
A-O
1969
Af-N
101
*110%
stamped modified—J——2003
__
26
36
29
■■
.
40%
34
34
38
39
"
39%
6
29
38%
72
32
46
114
117%
2
104
106
i
Libby McNeil & Libby 4s„———1955
Liggett & Myers Tobacco 7s
1944
*59
J-J
5s
—1951
debenture—
Miami
gen
11
95%
;
1962
4s series A
Long Dock Co 3%s ext to—
Long Island unified 4s_——
92%
Guaranteed
74 %
4s
59
46
59
101
37%
17
49
'
;
A-O
66%
15
26%
31%-'
36
32%
1
.
34%
Af-N
13
92%
10i%
^
34%
.
'
2003
—2003
86
*92
101 Vi
'
31%
32%
Af-N
J.*.*-
Leh Val Term Ry ext 5s—
——1951
Lex & East 1st 50-yr 5s gtd—.—1965
93%
105
109% 111
ref
stamped
Lorillard
5s
f 4%s
5
A-O
*2*.
m-n
51%
60
117%
105 Va 105%
■
110 Vi
A-O
F-A
*115
.
"
110% 110%
2
121%
121% 121%
15
110% 115
121% 123%
105% 105 Vi
*99%
;
61
65
Island RR—
Gulf States'Util 3%s series D
72 %
72%,
52%
•'
f
M-N
Little
AGreen Bay & West deb ctfs A
58
Valley RR—
stamped .modified
stamped modified
.4%s registered—-
:5s
97%
1967
3%s series I
85 %
4
71%
97% ;
J-J
mtge
80
72
72
*-
54
4s
1977
mtge 4s series H
99% 100
75
72'Vb
72%
J-J
4s
1976
Gen
80
72
F-A
Lehigh
94
1973
Gen
85 Vi
F-A
fund 5s_
—.—1974
stamped—-1974
__
General 4%s series E__
mtge 4s series G
—
*84 Vi
Leh Val Harbor Term gtd 5si.—i_1954
Lehigh Valley N Y 4Vis
General 4 Vis series D
.
—
*84%
F-A
F-A
5s.
75%
49
•
1964
—J
'
;
31%
J-D
>
^
V.'79%
M-S
stapiped-J-i—,'—,.1944
stamped—-—
—1954
1st & ref gink fund 5s——,—1964
21%
J-J
1934
1956
98%
49
5s
■*
94
27
97
J-J
1975
*
*116
96%
A-O
.
to—i——1947
3%
100
99%99%
1953
-U1960
Light'extd 5s.;———1945
&
&
'1st & ref sink fund 5s———1954
General 5s series C
For
104% 105%
MS
5s
102%
63
8
,
4%
100
■
1952
&
39
102% 105
•7
103% 107
Lehigh & New Eng RR 4s '4L—,__i_1965
Lehigh & N Y 1st-gtd go^d-4s—-i-1945
General 5%s series B
1st
21%
82
104% 105
*106% 107
4 Vis
& Ship
36
102% 103%
Cons sinlc fund 4%s series C—1954
18%
—
J-J
1946
w
Grays Point Term 1st gtd 5s
Gulf
35'/4
35
5%
MS
Lehigh Coal-& Navs f 4%s A:
20
'■
'
AGen
27%
105% 106%
Alst
75
20
J-D
Oct 1 1945
ext
Gotham Hosiery deb 5s
Gulf
11%
*104
—1954
—s
Lake Erie & Western RR—^
69%
18%
___
5%s——1949
Castings
&
43
*104% 106 V3
ref-6%s_L,
1st & ref sink
Mob
27%
26%
29 Vi
1%
J-J
5s
1st
11
J-J
&
98 %
58
*4
M-N
Gulf
78
J-J
Coll
107%
88%
18%
J-D
General
11%
122
67
Coll
97%
74
M-N
'
A Certificates
Great
94
5%
26%
102%
J-J
Laclede
108 :*
20
J-D
_
5
98%
*69
J-J
Food Macliinery Corp 3s deb$_
(B
27%
26%
■
5%
;
tFonda Johns & Glover RR—
Goodrich
99% 102%
99% 103%
tAKreuger & Toll -5s ctfs.——•
155
104%
62
106% 107
98%
Af-N
5s series A—
—1974
" - MS
A Certificates of
deposit—„
Caro
27
deposit
Lautaro Nitrate Co Ltd—
106%
J-D
,
& ref
AGa
3
42
Af-S
1987
3 %s
} A Georgia &
34
101% 101%
102% 103
,
70
*103%
Steel
V 104% 104%
__
J-D
1961
City Southern Ry 1st 2s~-1950
impt 5s
.Apr 1950
City Term 1st 4s_-„—-,.-1960
Lake Sh
Gen
104%
F-A
& Mich 1st
5s extended at
Gas &
27%
108% 108%
102% 105%
Koppers Co 1st mtge 3%S——
—1961
Kresge Fouhdation 3% notes-—i—4950
% 103,
233
55%
M-S
§£2-4s
82%
19%
J-J
•
Clear 1st 4s—1959
&
-1st
58%
92
J-J
Af-N
A 1st
66%
24%
*108 V's 110
A-O
Kentucky & Ind Term 4%S—1961
Stamped
———i—_ 1961
•Plain ,z_——w-I——
1961
99% 101%
3
&
Kings County El L & P 6s———,.1997
Kings Co Lighting 1st 5s
..1954
56%
—1971
Firestone
82
*18%
—
Af-N
1st & ref 4s——1951
Kentucky Central .'gold 4s_
103%
109
149
■2
101% 101%
*104
104
inc 4%s series A—2Q15
& Erie RR extl 1st 4s_.
—1947
Div
81%
J-J
95%
108% l.'0%
A-O
AGen mtge
N
102
J-J
1955
5s
Certificates
Ref
1Q2'
*102
A-O
*
160
46%
Co—
Erie Railroad
Ohio
& ref
Laughlin Steel 3%s
Kansas
106% 108% :
15%
31."..'
*105
Af-S
..1995
52%
47%
50%
45%
A-O
Debentures
4Vis
J.J
■
40%
37%
49%
—1944
V
.
13
110
J-D
—1965
stamped————
5s
64%
,
23
25 %
110%
M-N
2Vis debs——;
79
56
46%
A-O
1st 5s Bf——1972
6%s„_
—1947
Telep & Teleg deb gold'4%s_—1952
A
102% 102%
A-O
(NY)
54
79
K
107>'
J-J
J-J
Elgin Jqliet & East Ry 3 %s_.—:—1970
EI Paso & S W 1st 5s
1965
v
gtd gold 4s„1990
HAK C Ft S & M Ry ref gold 4s_1936
20
Elec Auto-Lite
43
64%
50%
J-J
Kanawha
40
-23—
'
Ed El III
28
95
,
109% 111 %
26
*35
Ry Minn Nor Div 1st 4s
East Tenn Va & Ga Div 1st 5s
51%
;
108% 112 %
*21
East
51
J-D
7„■
88%
14
J-D
Atl gold 5s—1937
Duquesne Light 1st M 3Vis
1965
49%
3%
J-D
$8 ADul Sou Shore. &
39%
19%
3%
1st lien gold 4s 1995
,
2
"
MS
*
Jones
1%
!
M-S
—
46%
58%
63%
—1956
J A Iowa Cent Ry
5
11 Vi
6%
G—1966
1970
1961
Dow Chemical deb 2 Vis
1950
Dul Miss & Iron Range Ry 3Vis—1962
46%
.
—
C—'
James Frankl
Tunnel 4%s__
46%
24%
----1995
&
Term
Detroit
40
'
22%
21%
111% 111%
gold
4
—
J-J
1955
Kansas
-ASecond
44%
104% 106
22
*88%
Detroit & Mackinac
'
series
1st lien
Int
106 Vi 107% J
A-O
3s series H—
ref
&
59%
Af-S
mtge 3Vis series
ret
44%
J-D
..
Ii\ternat Paper 5s series A.& B—1947
101% 101%
101 Vi
58
*107%
series F__a——1965
4s
Edison
Detroit
57%
"i
1
—
Hydro El deb 6s_.
Internat
103% 106%
22
F-A
ctfs——1935
Plains Val 1st gtd 4Vis—1947
53
F-A
Int Rys Cent Amer
105% 106
F-A
Apr 1978
5s series B
ARef & impt
57
,,,7
34%
31%
ii
5s
*A 1st gold 5s series
J-J
JADes M & Ft Dodge 4s
"3
57%
25%
38
J-J
1955
58%
26
30 Vi
105%
83
58
56%
;
,
4%
7
J-J
1969
f§ADen & R G 1st cons gold 4s_.„ 1936
§AConsol gold 4Vis———
1936
71
81
*79%
56%
25%
38
■
mortgage 4%s—
1st
50
58%
49
26
37 %
D
1st
39%
48%
38%
■:
38
J-J
143
44
J-J
Alst
-
46%
230
J-J
AAdjustment
33%
—
55%
49%
38%
56%
6s series A—July 1952
B,
,-1956
36%
23%
59
42%
39%
17
173
46%
t AInter-Great Nor 1st 6s series A.I952
25%
J-J
49%
103
13
J-D
86%
53%
A-O
13
Af-N
86%
,■
58
F-A
J-J
J-J
92%
84
172
48
44%
A-O
31%
1st & ref 4s_—1943
Light 1st 4Vis„1971
4Vis——
1969
90
1
65
'' 55%
-1952
Ref sink fund 6s series A—
Dayton
99% 102%
86
86%
—1947
33%
Delaware Power &
14
91%
J-J
—1956
Copper 4s„
Cons
33
Vi
gtd 4s
Steel 1st mtge 3s series F_„1961
Inspiration
33
Delaware & Hudson
■
Ry 3%s series B———1986
31%
105%
21%
39%
•
33%
J-J
*
series A——--1963
5s
A-O
3s—
1970
Union Ry 3Vis series B_„1965
8%
45%
.
46
J-J
1st & ref 4%s series C_—i;-1963
J-D
Dayton P & L 1st mtge
183
111 Cent and Chic St L & N O—
33 Vi
deb—-——1955
45%
118 '/a 120%
19%
48%
48%
J-J
,
1st. gold 4s——--1951
23 Vi
39 Vi
receipts——————
ADeposit
Curtis Publishing Co 3s
93
48%
43%
J-D
.
83
38
'
61%
35 Vi
36%
45%
465/8
v 44%
f
F-A
gold 3%s_1953
95
36%
32%
32%
/
JAInd & Louisville 1st
31
33%
98% 103
102% 104%
93
54
i' 55%
Ind
31%
J -D
45
122% 127%
47%
*30
55
M-N
94%
32%
J-J
2
119%
86%
M-N
——1955
—1966
1950
99%. 101%
16
35%
Deposit
2
*86%
gold 4s__——1953
1st
Div
western Dines
(
Inland
A
20
46%
91%
3%s—1952
lines
90%
9
92%
92%
J-D
1st 5%s
1942
receipts—.
——-—
A Cuba RR 1st 5s gold
—1952
ADeposit receipts-——,
——■
A7Vis series A extended to
-1946
ADeposit receipts.,
A 6s series B extended to*
—1946
§ACuba Northern Ry
44%
101% 102
MS
——
37
96
107% 109%
100% 100%
J-D
92
19%
;
A-O
M-N
1J-J
gold 3s__—
1951
St, Louis Div & Term gold 3g.—1951
Gold 3 %s
I
—1951
Springfield Div 1st gold 3%s—_ 1951
Omaha
108% 110
108% 111%
106
108%
110%
*109% 110%
A-O
1
High
18%
}
.A-O
—1952
Litchfield Div 1st-gold 3s___1951
37%
23%
16
M-N
43%
*119
J-J
1955
Louisville Div & Term
38
80
'
107
*109%
108
26
.
1
45
*-
*110
M-N
f debs——1955
s
95
Af-N
1950
2Vis s f debs
Co
Crane
Crucible Steel
•
-
M-N
—
mtge 3 Vis—
1st
106 Va
M-N
1965
——1967
mtge 3 Vi s——————
1970
mtge 3Vis—
—_1966
mtge 3Vis—
*
,-1969
1st
1st
1st
106 %
103
18
38
37
J-J
47%
r
J-J
——1951
gold 4s—'
Refunding '5s„_—'
40-year 4%s_—
Cairo Bridge gold 4s__;
,105% 108 '
101% 105%
25
36
36%
'
J-J
5s„....— -1960
•
104%
'
J-J
ADebenture
;
f
.
,
;
Low
■ ,,
1
gold 3,s sterling——_-__'_1951
Purchased
....
107% 108
J-J
jAConsol Ry
104
12
I2
48
'
A-O
-1956
-1958
debentures.....—
Consolidated Oil conv deb 3Vis—. -1951
3Vis
43%
J-J
:
,.1951
gold 3%s
Refunding 4s_„
102% 104%
23
105 Vi 105%
105 %
A-O
-1948
——
;
103% 103%
1951
—-
1st
Collateral
v
109% 109%
A-O
-1946
Range Since
January
No.
24
91
103% 103%
'
i.
A-O
2%s series A—1981
y
- •; V
Collateral trust
debentures-
"
\
F-A
Central RR—
Extended
Consolidated Edison of New York3Vis
82
M-N
1st gold 3%s_„
109%
106
119
*112
J-J
J-J
F-A
Conn Ry & L 1st &
■V
7-D
-Feb 1957
A-O
Riv
Pasump
111% 111%
J-D
1958
Sold
108%
119
Bonds
-
46
38
126% 127%
82
109
106
High
102% 102%
,—-1957
4
,
;
•
;
-.-1049
78% 101%
51
''
A-O
A-.-1962
102
85
..k
,
J-J
1944
Ry cons gold I >S-.-1937
Oil 4 Vis debs..
1954
;
Illinois Bell Telep
43%
May
,._^_1999
mtge
1st gold 4s
Conv
Conn
1st
Co
28
Commonwealth Edison Co—
1st
(R)
84% 102
..
6
108% 108%
*111%
H
71%
62
*109
F-A
Mackay Corp—
w w__
__Apr 11969
Commercial
68 Vi
'
Af-N
deb 5s—iS._May 1952
Columbia G & E
78%
Vi
or Friday'a
Sale Price Bid & Asked
'
High
gtd 5 Vis
1972
gtd___,..—..1973
Cleve
Week's Range
Last
,
Period
16
(P)
Louisiana
&
Louisville
Gas
Lou
&
Jeff
Af-S
Ark
——1951
F-A
1st
5s
series
A—1969
J-J
—1966
M-S
Bridge Co gtd 4s.—1945
MS
&
Elec
3%s
28
92
98%
98%
24
91%
98%
110% 110 V*
8
110% 115
119 % 119%
A-O
Co deb 7s
debenture—.-.
96%
98%
98%
98%
1949
,—1949
—1944
gold 4s
i
98%
2
119% 122%
Af-S
98%
4
91%
A-O
1949
Af-S
102% 105
104% 104 Vi
104%
—1950
.
81%
—
•
80%
81%
66
77%
84%
108% 110
*110'/a
*104% 105%
t--.
105
106
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4117
156
Volume
1395
NEW YORK BOND RECORD
Oct.
Ended
Week
Last
Interest
Period
Exchange
Stock
Hi
BONDS
Week's Range
Friday
BONDS
York
New
A-O
A-O
J-J
J-J
F-A
M-S
M-S
J-J
M-N
1950
1960
1946
St Louis Div 2d gold 3s—_„____1980
Mob & Montg 1st gold 4%s
1.1945
South Ry joint monon 4s__„>„_1952
Atl Knox & Cine Div 4s
.-1955
ext
Unif mtge 3Vis series A
York
Unif mtge 4s series B ext
Paducah & Mem Div 4s
,
104%
Ref
5Vis
90%
98'
Ref
4%s
84
93
80 %
86 %
88%
81 Vi
82
16
82
108%
Central RR 4s series A
mtge 4Vis series A_
Gen
N Y
Connecting RR 3%s A-„
1965
A-O
100%
N
Dock
1951
F-A
64%
1947
A-O
Y
86
93%
N Y
lien
gold 4s
notes_^_»^r
EdiSon
1st
108% 111 '/a
1
1st
Conv 5%
84
39
AManila Elec RR & Lt s f 5s_-,_„__1953
4S..-—1959
Bay & North¬
(South Lines)
RR
Manila
AManitowoc Green
western 1st
Steam
Marion
6s—-1947
f
s
85
10
79
85%
48
49
16
46
55 %
51
51
51%
,7
43%
53%
,^1965
*11
-
ref
Gas El Lt H
& Pow
Stamped
L—■wiAMarket St Ry 7s series A—Apr .1940
(Stamped mod) ext 5s—
1945
McCrory Stores- deb 3%
——1955
McKesson & Robbins 3%s_—.,—1956
42
Q-A
Q-A
A-O
30%
101
95
■
93
100
99% 101
60
65%
2
71
83
108 Va
21
106% 108%
109% 109 %
108
1
107'A 109%
108
J-D
118
118
116
1949
F-A
*112
112
111% 115
2000
M-N
1973
M-N
i„_«_>___1973
M-N
gold 3%s__^_
West
&
G
39
65 %
81
4s
series
A_
1943
119%
103% 104 %
54
J-J
54%
45
58%
54
58%
5
*101%
52
59
54 Va
64
103'/a
100
__
Haven & Hartford RR—
Af-S
112% 113
3
A-O
70
70
3
F-A
*7
MS
37%
37%
39%
14
19%
39%
1947
MS
35%
33 %
36%
13
20 Va
37%
3%s
1954
A-O
36
36
36%
12
18%
37%
deb
4s_
37%
39%
125
19
39%
ANon-conv
deb
4s
37
39
71
19%
40
ADebe'nture
105%
104
13
1947
3%s_v
deb
certificates 3Vis
36%
37
14
19
37%
''
103
*164% 105
4s
deb
ANon-conv
95
deb
ANon-conv
101
~2
&
series D—
1960
Drain 5Vis
1950
$ § AMet W Side El (Chic) 4s——1938
69%
96% 100
ANon-conv
Metrop Ed 1st 4Vis
Sew
21
63%
T
68 Vi
107% 107%
Wat
58
5
ANon-conv
97
J-J
Merop
239
1948
gold 5s
gold 4s__^
money
Harlem
&
Lack
}N Y New
42
100%
1
94
83
1
RR
4 Vis series B.__
98
101
Y
N Y
67
*23%
71
36
63 %
100V4 100%
A-O
Erie
NYLE&WDU Impt 5s_.
*101
A-O
A-O
•
■High
100
80%
A-O
3'/4S series E„__,._1966
3Vis series D
&
& Erie—See
N
*30
J-J
————1941
gtd 3 Vis
Shovel
85%
48
Vi
Low
105
106%
Purchase
J-D
M-N
MS
M-N
January
No.
99% 100
J-D
108%
N Y
J-D
1945
;—-I960
Sugar 4s sink fund__Feb 1 1957
Range Sine#
Sold
76%
62 l/a
100
101
M
Manati
62%
A-O
1950
—
N Y
Maine
Bonds
High
74'/a
74 Va
M-S
104
110
110
debentures..
A-O
1978
C
104
80
*106%-109
93% 93%
93 Vtt
6s
1974
,—1947
A
series
8
83 %
*__
series
3%s extended to
mtge
2
08%
105
105
1st
%
10
104% 104%
108%
Last
Sale Price Bid & Asked
Period
16
Chicago & St Louis—
99
12
93%
"86%
A-O
2003
_2003
ref 4s series D
1st & ref 3%s series E—
&
1st
92%
93%
Week's Range
or Friday's
Friday
Interest
Exchange
Oct.
Low
!o
100% 101
101
A-O
—2003
series C_
ref 4 %s
&
1st
2003
ref 5s series B_—
Stock
Ended
High
New
Louisville & Nashville RR—
1st &
Low
N<>.
High
Low
York
Week
I
January
Sold
Bid & Asked
Sale Price
New
Range Since
Bonds
Friday's
or
107%
'
109% 113
4%
—
9
37
6s
J-J
J-J
46
45%
48%
266
23%
48%
A-O
58%
58%
60%
138
40%
61
8 V ia
9 V4
72
3%
9%
311
21%
44%
73
87%
_,__1940
1957
ref 4Vis
.A 1st &
M-N
,-1956
4s
A Debenture
J-J
1948
§ A Collateral trust
70
41
1956
6s__
deb
AConv
,.1955
series of 1927
M-N
1967
J-D
42%
41%
43%
M-N
87
85%
87
42
7%
8
294
t A Harlem River & Port Chester—
Michigan Central-
3Vis
gold
1st
*70%
M-S
M-N
J-J
M-S
1951
-—1952
Ref & impt 4 Vis series C_„_—1979
Michigan Consol Gas 4s
1963
J § A Midland of N J 1st ext 5s
1940
lljAMilw & Northern 1st ext 4%s—1939
AlConsol ext 4%S
———1939
3Vis
Jack Lans & Sag
——
1947
1941
1962
58%
68
29
45-%
V;;
'
•'
-•
'
-
7*
9
3
.
&
16'A
16%
16%
17%
5%
6 Va
.1949
:
.1978
6
1%
a-
66%
j-j
100
j-j
.1959
9%
17
;
9 Vs
17%
%
F-A
16%
16%
1
14 Vs
18%
.„„^.„„._1940
F-A
11%
11%,
12
9%
15%
75'A
93%
1st: gold 5s___.,__^. _1943
M-N
1967
92
1946
J-J
1966
M-S
1st 5s A.__1955
A-O
3Vis series B__
Bost
Pow
& Ont
108
5
110% 110%
J-J
1st 4%s
2'A
;
.
.
10
110%
3%
10%
925
109 y* 109%
11
108% 109'/a
110% 110%
1
109% 111%
102% 103%
11
8
10
109%
10%
1st
96% 100
24%
33%
37%
38%
1998
4'As'series A_
mtge
101% 104
A-O
J
,
35
j
*30%
36%
30%
„
125 Va 126
F-A
124% 128%
103%
13
100% 104
102 Vi, 102 Vtt
125%
38
103 V*
O-A
5
_»Mr._i^„__„1954
F-A
North Central gen & ref 5$__U—1974
M-S
*115
M-S
*112
Debenture 3% s___
74%
21 Va
23 Va
36
69%
74%
34%
F-A
15
147
74%
J-J
2014
.1961
Western Ry 1st gold 4S-1996
North Amer Co deb 3 Vis—.
__,1949.
41
289
103 %
Ry Co—
Norfolk &
318
42%
M-N
'
44 vb
41%
deb 5%s«_—1950
AGen mtge 5s conv inc___,
ISANorfolk Southern RR 5s A
30%
42
(Md)
Norfolk Southern
67
60%
1
100
j-d
..
38
r_^1937
4%s-^—
gold 5s.
gold
Niagara Share
"
.1990
107
29
106% 107
107
«.
6%
13"'
.66%
Va 107
103
13
Niag Lack
3 Va
28
2
104
29
35%
fgAN Y West &
'
1%
2%
109'A 111%
*106 Vh 108 Va
J-J
Niagara Falls Power 3%s_v__l
30
17
16%
j-j
m-s
•;
1
35
N Y Telephone
•
62 *
j-j
,
1946
5%s————
16'/a
16%
M-N
48%
;
l?
9%
8%
1%
39
J-J
A A Terminal
Va
22
J-J
1st 3 Vis
Corp
§ AGeneral
2%
%
53
43%
1963
Steam
it A 2d
,
462
17
j-j
1938
gtd as to int—.1938
ref 6s series A—
A 25-year
i%
■
j
j-j
.1938
consol 5s_-
$ A 1st
§ A 1st stamped 5s
A 1st
:
*lVe. -2%
4 Va
J § AN Y Susq &.W 1st ref 5Su^^l931
1
-!
■
2%
110% 110%
A-O
4s—
44Va
2
2
J-D
9Vb
4
Marie
Stamped^
§ A 1st cons 4s
a-6%.
-
10
3
37'
7%
"
1955
N Y
31%
37
■'''
21
V 4.' 9 %
'
18
17
30%
30
"
t
M-S
,NY & Putnam 1st cons gtd 4s_i.__1993
N Y Queens El 'Lt & Pow- 3Vis_____1965
N Y Rys'prior lien 6s stamp__
1958
63
40
i
tMinn St Paul'"& Sault Ste
AGeneral
104% 107
68
39
•-
q-f
.
fAN Y Ont & West ref gold 4s____1992
38
m-s
1949
67
1954
4s__—
'
60
30
:
-
m-n
1934
10
96
53
46
1st
70%
*65%
39
j-j
:
.
*57
m-s
.
59%
106% 106%
106%
-
93%
98
58%
A-O
J-D
J-D
-
69
—
*96
102%
100%
103%
119
119
112
114
Missouri-Ksmsas-Texas RR—
5s series A——
.1962
j-j
38 Ve
40-year 4s series B__——
.1962
j-j
32
31%
32 Va
103
20
j-j
33%
32%
34
174
21
a-o
21%
'20%
21%
117
Prior lien
.1978
1967
■
Gen
35%
!
23%
7%
;
37%
"
AGeneral
of
J
deposit—
ref
series G
5s
AConv
A 1st
&
39
38
38%
37%
_*«*•
;
;
*1949
m-n
.1980
a-o
of j3eposit___.
7
'-■A
.477
21%
39%
38%
209
21%
39.%
(
1
31
25%
39%
38
,
38
.
253
4
39%
%
__
3s
Q-J
Q-F
___,^__2047
2047
impt 6s series B
2047
impt 5s series C_,„-_
2047
Ref
i
&
Ref_&Jmpt_5s series D
1st & ref mtge 3%s
(Minn)
—1967
Northwestern Teleg 4%s
IS AMissouri Pacific Ry—
—July 1938
gold 4s_—1991
Monongahela Ry 3%s series B„;—1966
Monongahela W Penn Pub Serv—
1st-mtge 4%S—-—'
.——I960
6s
debentures
—1965
Montana Power 1st & ref 3%s——1966
4%
3rd 7s extended at
Mountain States
Mutual Fuel Gas 1st gt4
80%
54
A-O
103% 104
103%
J-D
110
111%
Chatt & St L 4s series
38
-
38%
38%
28
34%
35 Va
44
109 Vi 109 %
38 %
34%
88%
37%
2
*109% 112
M-N
F-A
J-D
Dairy
3%s sinking
Steel
National
106
82
"
'
•
•
;
35%
O Tex
& Mex
series
A 1st
of
5s
series
4Vis
5%s
100%. 100%'
A-O
103%
103% 103%
:•
103
-103
1st
|
:•
9
100
:
:
inc 5s—1935
deposit-
of
series
ACertificates
J-D
56
* '
N
Central
Y
RR
4s
117%
117% 118
A-O
109
J-J
83'%
109%
Ref
&
Ref
&
Conv
N Y
impt
3%s
registered
Lake Shore coll gold 3%s
3
Vis
76
20
82%
30
■
-
-
For
footnotes
see
page
109%
102%
102'A
1st ext gold 4s„1938
96%
84%
95
74%
|APac RR
82
83%
mtge 3%s series G__'™^___'_1966
Paducah & 111 1st s f gold 4%s_..__1955
10
34V8
51
Paramount
1
39
52
34
39
109%
M
1st
East
P L 3s
J-J
—i,_^„_1960
3s loan .ctfs;
Pictures 4s
1955
debentures-1956
F-A
M-S
Pate.rson,.& Passaic G &;E cons5sil949
M-S
37
38
57%
17
37
106 Va 108%
109% 109 %
5
107 Ve 109%
5,3
Traas; deb
102%
15
%
6s„_-™
*69
?
'
58 Vs
70
100% 100%
100%
75
98 Va
48%
16
40
48
48%
*__
.
118
Guaranteed 3 Vis trust ctfs C—„_1942
Guaranteed 3%s trust
ctfs
43%
Pa
59%
93
98 Vi
49%
48%
50%
1,165
42
4s__'__
54
55%
493
46
59%
67%
69 Vi
568
49
J-J
75
74%
75%
40
J-J
68 Vi
70
Penna
Power
&
102
J-D
*
—1998
F-A
52%
F-A
*48%
F-A
102
1960
J-D
ref 4%s A_„197.7
1
Light
;___198l
A-O
102
*
-100%
1969
100 Va
103%.
4
1998
F-A
F-A
1397.
49%
52%
67
79%
78%
^V^s' debentures;
Pennsylvania RR cons gold 4s___l_1943
Consol gold 4s
!
1948
4s sterl stpd
Gen
mtge 3%s
49%
49%
27
46%
46%
1
49%
61%
48%
-12
57
Cons
56%
General
4%s
General
5s
45%
44
49%
J
dollar
_,_May 1 1948
series C
sinking fund 4%s__;
series
series B
A
_1970
1960
97'A
96 Vb
*101%
M-N
&
30
105
102
108 Va
100 Vs 105%
103
105'/8
100
104
-~
101'/a
104% 105
F-A
F-A
103 %
107
35
101 % 102
*100% 102
J-J
^—1974
3V2S_^
107
107
'
63%
60
118%
102% 104%
*102% 105%
J-D
M-N
__1952
52
69 %
—1997
Ohio & Det 1st &
4%s series B
54%
54%
69
D—194,4
1963
series E trust ctfs
Pennsylvania Glass Sand 3%s
*100
A-O
A-O
70
100%
49
118
'
Pennsylvania Co—
48
M-N
2013
100 % 103%
52 Va
Secured
.—2013
105
105
105
102 »/b
Broadway Corp-r-■
f gold
s
51
52 Vi
4
*™
V
M-N
A-O
57
46
108% 108%
J-D
1944
52
.
Q4.
95
A-O
Parmelee
55
40
J-J
55
38
51
95%
>
51
55
Te) 3%s series B____1966
Ref
Paramount
51
_r__1938
5s_______
82%
72
54
of Mo
Pacific Tel &
55%
A,
series K_:
§A2d ext gold
107;%
56
—1998
registered
106 Va
85
43%
98%
110%
111%
25
46%
97%
91
107 Va
96 %
36%
97%
82 Va
110% 113%
16
F-A
37%
73
3
25
110%
99
34
26
169
91
110
99
1
55
90
113 Va 113%
4
68
—
91
113%
15
43%
10
gold 5s
10
55 Va
45%
1st
101% 101 %
A-O
A-O
78% 101%
101 Vh 102
53 %
53
107%
107
99
108% 109
Panhandle
53%
104
30
107
J-J
J-D
51
F-A
14
99%
J-J
„-1971
51
1998
112%
107%
4s___._>_196i
1962
108%
110
stpd cons 5s__™_>™1946
98%
106
109% 112%
"l
110'/a 110%
mtge 4%s ser A
10
*110% 111%
J-J
110%
ref mtge
43%
J-J
106% 106%
J-D
103
102% 105%
M 3s
105% 107'%
*49'A
101
1st & ref
105-
45%
102% 105
3
*104
J-D
Gtd 4s
Mich Cent coll gold 3Vis
3Vis
M-N
5
101
J-D
75
•
28
83%
.-—1998
registered
1945
5s-
105
101
J-D
,_1997
Cent & Hud River
3 Vis
1st
110
105
101 V
!_1970
—1952
3%s
F-A
108% 110'A
107% 110
107
3%s series H____1961
F-A
1946
J-D
6
18
20
108'A
mtge 3%s series I,™_^1966
6
1945
5s series C
1946
108% 108'A
mtge 3s series J^
9
53%
109% 110
1st & ref
107% 107 Vi
A-O
108
109%
J-D
1st &
52%
impt 4Vis series A—
secured
1st
108%
-
1st fc ref
106% 107%.
A-O
12%
106% 108%
107 Vi 110%
15
82 %
82%
4%
63
77 Vi
:
A-O
82%
11%
106 V« 107%
M-S
__1946
117% 120%
-
J-D
J-J
11%
11%
J-D
A 75
76.
J-J
—_
10-year 3%s sec s f
102% 102%
J-J
Pacific Coast Co
120 Vi 124%
15
124% 124%
*74
deposit—
series A—
109%
109% 111 %
—
107
J-D,.
gtd 5s__u.j_.1943
1st
Transmission
Otis "Steel
72%
51
gtd 4Vis_—
J-J
J-J
3%s__.
Oregon-Wash RR & Nav
Newport & Cincinnati Bridge Co—
General
108
*101%
76
56 Vi
103
F-A
_1954
*111%
117% 119%
77
_1956
deposit—
59%
93
90
M-N
deposit
A--—
of
59%
48
102% 104 *A
18
„
F-A
—
D—
M-S
J-J
Pacific Gas & El 4s series G_™_r_1964
'
.
1954
69%
48
175
109% 109%
F-A
1967
1972
Elec
&
debentures™
Guaranteed
;99% 100%
•
*99%
72%
deposit
57%
1966
3%s
Gas
Oregon RR & Nav con gold 4s_.__1946
Ore Short Line 1st cons gold 5s___1946
103 %
26
a
mtge 4s
mtge
4s
»
Vi 105%
1956
of
series
ACertificates
A 1st
103
100%
67%
C
ACertificates
A 1st
A
103
73%
1952
68%.
57
55
M-S
Oklahoma
69%
62%
64
i
72
B—
ACertificates
,,
.82
V
J-J
n-c
of
ACertificates
5s
69
J-J
1st gtd 4s—1953
New Orleans Term
A 1st
67%
105% 105%
-!—.1945
gtd-.4%s .-series Bi
——1961
RR gtd 1st 4s———1986
N J Pow & Light 1st 4%s——-—I960
New Orleans Great Nor 5s A_^__-_1983
N O & N E 1st ref & imp 4%s
1952
New Orl Pub Ser 1st 5s series A—1952
1st & ref 5s series b;—
—1955
66 %
55%
57
57%
39
68 Vt
56%
M-N
mtge 4q
1st
1st
I
f
42%
a
•
958
J-J
„__1965
Ohio Edison
46%
31%
111% 112%
75
J Junction
AN
•'
71
-1st
N
:i
*117%
England Tel & Tel 5s A
New
68 Vi
105%
gtd 5s_-——1945
fANew England RR
A Consol gtd 4s__.
•
1964
ext—„.,_1944
Ohio Connecting
■;
106% 109%
.
J-D
.—1948
Newark Consol Gas cons 5s
54%
J-J
t§AOg & L Cham 1st gtd gold 4s_1948
Ry lst.4s^_^„--_1943
?
Ontario
M-N
1954
iANaugatuck RR 1st gold 4s
,
89
35%" 43%
104
MS
M-S
fund debentures-—1949
1st mtge 3s_-——1965
44%
O
Ontario Power -N F
Prod 3%s debs—1960
Nat Distillers Prod 3Vis———1949
Nat
106
!
103
.23
>
*86%
38%
M-N
A—-1978
42%
52%
;
107% 112%
109
3
N
Nash
38
J-J
|
■
10
6
i
98% 104
45 'A
40%
.
94%
42
73%
39
51
51%
78
178
43 %
40 Va
J-J
27%
68
66
72% '
42 Va
43
225
75%
:
110
J-D
5s——1947
9
111% 111%
111%
A-O
M-N
M 4%s series
11
48%
v
J-D
1955
B_——1955
T & T 3%s_-.—-1968
M 5s
Constr
94%
48
*102% 104
F-A
J-J
series A—
Constr
93
94%
M-S
3%s_T—2000
1st gtd
& Essex
Morris
M-N
ext——1951
5s
Tramways
Montreal
1st mtge 3%s—„—:
(Wise!
,
•
Co—
Power
States
:2047
■
,
*70
Q-A
Northern
38 Ve
24%
37%
74%
75%
Q-J'
1997
___
Id gold 3s_
ry &
impt 4%s series A___
Ref &
39%
38%
27%
registered
Ref &
-
37%
Moh'k & Malone 1st gtd
101
54%
deposit
Jan 2047
re g i ste red _
Gen lien
38%
F-A
4s
;
4
21%
.V'
■
-
T- ,
24%
169
...
■
'
of
Pacific prior lien 4s__-__1997
Northern
:
23%
19
\
39%
3'A
3%
38%
—
A-O
ACertificates
■''(
'
reT 5s series T_
,—A198I
ACertificates of deposit-—.-——
.
37%
■i 37
37%
37%
m-n
A 1st &
,
9
99
39
1%
j
39%
25%
;
*105
A-O
mtge gold 5s (stamped cancellation of guarantee)^
1945
.
.1978
-
gold 5Vis
ref gold 5s series H—
ACertificates
21%
5
8%
series A__»._„___1974
guaranteed gold 5s
A 1st
^
'7
.
,
deposit—
of
ACertificates
71
615
8%
38'A
m-s
.1977
F—:—
'
&
38%
38%
8v«
i
deposit—-
of
ACertificates
A 1st
m-s
a975
4s
& ref 5s series
A 1st
•
38%
38%
f-a
.1965
& ref 5s series A—
ACertificates
.
'
Pacific RR Co—
Missouri
A 1st
(
4 Vis
Ohio Ry—•
1945
A 1st
'«,
'
ref
&
^Northern
1
119
97%
--
69
j*
104 V* 108%
96
107%
101% 103%
M-N
109% 109%
29
108Va HI
M-N
109 %
109'A
1
108% 111
89%
89%
19
A-O
89
%
88 %
94%
F-A
121
121
121%
13
119
122
1965
J-D
101'A
101'A 101%
81
100 Va
105
1968
J-D
107 Vb
107 Va 108
41
107 Vtt 111
%
THE COMMERCIAL & FINANCIAL
1396
NEW YORK
New
Stock
York
Week
Oct.
Last
Interest
Exchange
Ended
Period
10
Low
Pennsylvania RR
Debenture
BONDS
Bonds
Friday's
or
Sale Price Bid & Asked
Monday,; October 19, 1942
RECORD
BOND
Week's Rang®
Friday
BONDS
CHRONICLE.
.
No.
High
Low
Stock
Week Ended
1
January
York
New
Range Since
Sold
Friday
Interest:
Exchange
Oct.
16
V
80
90
86%
93%
_1970
1981
gold 4V2S__*
A-O
A-O
96
96
96'A
10
95%
95 %
96
29
a-o
95% 100 %
91W
90
91Vi
98
81%
debentures
95% 100%
J-J
3s
General 4Vis series D_'
V*
.1979
mtge 4 Vis series E_,——1984
105% 106
105%
j-j
deb
Conv
—1952
—..1947
Peoples Gas L & C ref 5s
Eastern
&
Peoria
A Income
Peoria
&
A-O
M-S
3 %s_
4s
ext;
—Apr 1990
Pekin
J-J
——1956
4s
series
1st
gold 4'/as series C—_1980
M-S
Phelps Dodge conv
J-D
Phila Bait
i
3 Vis deb——1952
1st
General
series
5s
gold
4Vis
General
4Vis
series
Phila Electric
•
1st
ref
&
1st
D_^
tr £y4s__,
ref
&
2%s__—
mtge
deb
Conv
a
103
64 y.
10-year
96
St
gen
&
gen
6s_.
gen
6%s_
•A,
82
24
150
5
10%
Series
E
4s
*
J-J
guaranteed
guaranteed
4s
gold
54%
52%
54 y4
;
.
j-j
■*"'
1994
1956
a-o
1956
a-o
1956
a-o
—v—
1^11
—
1996
70
•70 Vi
j-j
—
1951
57j
46%
567/a
46%
56 Va
102
268
•A
80 Vi
vj
■,
93%
48
82 /•
280
61%
71%
88
93 V*
..
71%
,.
88
92%
93
103
66%
67%
68%
275
60%
87%
87
87%
35
78%
88%
92%
90%
92%
83
93
81%
,
82
78%
84%
A'
j-j
j-j
A
91
255
.
7
ref
&
3s
series
C
.1964
A
90
91
112
112
106
;
.1968
—
106 Vi
-
.
5
39
J-D
30
79 Vi
r
J-J
.1961
J-D
Calif
2%s
Oil N J
Standard
97% 103
21
Vi 103
Apr
F-A
Oil
deb 3s
debenture
..i..
39%
*105%
69
91
2
104% 105 y4
105
15
5V
103
103% 105%
.1953
J-J
104% 105 Va
J-J
109
109
109
M-N
103
103
103
9
Swift
.1961
M-N
-I
*111
J-D
Co
2%s debs
;
*102
105%
107% 110
100% 103 %:
101% 103%
103 y4
*119
40%
100 Va 102%
13
.1956
33%
;
55,
.1945
108
F-A
104% 107 %
39 Vi
Superior Oil 3Vis debs
&
112 Vi
102% 102%
105 >/2 106 Va
—
109%
4
102% 102 n
M-N
*1953
.
92%
r
'
gold 4s
92% A
v
A,
46%
339
88
68
58
189
;
91%
.
72%
50
49%
344
55
07
...
87%'
.
j-j
,
92%
■
a-o
debs.—. .1966
120%
108
112
111
*lllVi--^-v
110':
112%
111
112%
F-A
*118 Vg
118
121
118
i2iy.
J
guaranteed
cons
Pitts Coke
& Iron
Pitts Steel
1st
4s
1st
Pitts &
ft
Char
13
99
.95
104%
J-D
98
98
2
97 Vi 100 Vi
1950
J-D
99
99
1
96
1943
M-N
gen
58
16
57
58
13
57
58
9
57
A-O
A-O
Ref
99
;
55%
55 Vi
gold 4s__^„_„>.1953
impt mtge 3%s series B__1974
64%
119
*118
Company 3s
deb—^__1959
A——-.
debentures——
Texas
&
N
Texas
&
Pacific 1st gold 5s
*101
J-D
O
4Vis
—2000
1st 5s extended to
b Potomac
El
—1950
1st
Pwr
M
3 Vis
J.J
1966
J-J
t A Providence Securities 4s
——1957
49
3
108 Vi 108 Vi
.
92
M-N
%fAPrcrvidence,.Terminal .4s——1956-
86%
106% 106 y2
106%
J-J
Car deb ,5s_——1951
Pressed Steel
9
8%
105 Va 107%
•V
86%
13
M-S-
1st & ref mtge 3s
*1968
J-J
1972
,
&
ref
mtge 5s-_-—2037
J-J
*143%;.—■
1st
&
ref
mtge 8s_
J-D
Public Service
of
i, Purity Bakeries
_—_2037
111
Nor
A-
series
B—
..1977
A-O
66
series
C———1979
A-O
66
&
ref
5s
series
D
1980
AAdj
income 5s—.
J-D
—1964
M-S
.I960
Jan 1960
....
1943
ill
A
101
103
;
106
65 Vi
-
■
„
59%
A-O
20%
J-J
Tol
&
ref & impt 3%s—1960
Cent
Ohio
:Tol-..St ,Louis-& West.1st As
105% 105%
47
104
.V
7
A A 99% 101%
2
93,y8 102%
64
19%
69
67
,
V
102 Vi 104%
37
47%
313
20%
,
61%
.A 12
2a'
21 vi
*. 98 Vi 101%
.
Buff
1st
1st
85 Va
M-S
*116
gold 5s—1949
_1953
91-r
91
J-J
105
'
:
85%
80%
0
90 Vi
4
A
t
•99% 101%
91-
•
-^
102
81%
,91
»/2 105 Vi
,tA 105
1
106%
108
.
.111%
105
U
R
\ Reading Co Jersey Cent coll 4s
Union Electric Co of Mo 3%s_——1971
1951
A-O
81%
80%
81%
76
J-J
77%
77 Vi
78 Vi
46
'
j
—1997
Gen & ref 4Vis series B_
—1997
J-J
deb,3Vis—„„—1956
Republic Steel Corp 4 Vis series B„1961
i
Gen & ref 4 Vis series A—
J-J
Remington
i
Purchase
F-A
i
money 1st M conv 5 Vis 1954
M-N
Revere
Copper & Brass 3Vis
t § A Rio Grande June
1st
t -}§ARio Grande West
A 1st
&
cons
Roch Gas &
Gen mtge
1960
gtd 5s
1939
Union
73
82
29
100% 104 Va
58
108%
HI
97%
97%
97 Vi
1
95%
99
V
97%
97 Vi
97%
31
95%
99
-
63
63
8
62
39
237
12
M-S
100%
39
62%
32'A
land
63
United
62%
United Cigar-Whelan
32'A
.
.
*109%
109
—
United Drug Co
108 Vi 108 Vi
19 Vs
109 'A
U N
109% 110
*110
4
Biscuit
19%
141
18
10 %
J-J
8%
8%
6
4V4
J-J
9
9'A
6
5%
A-O
-1947
J-J
*106
_1996
J-J
*50
;'
2d
gold
6s
-1996
99
•
99
91%
106%
19%
9'%
;1.00s-
10
A-O
55
99%
M-N
76%
76%
44%
44
St
;
M-S
L
Pub
Serv
1st
deposit:.---
mtge 5s
•
i St L Rocky. Mt & P 5s stpd
77%
.-1959
.-1955
J-J
93%
J-J
lien 4s A—i-1950
deposit—
y4
*68Vi
77%
91
67%
77%
.
77%
May 1 1944
19
79
94
75
75
'
Vi
pr
ACertificates
of
A Prior
lien 5s series B
ACertificates
A Cons
M
4
of
1950
20%
21%
564
21
21%
70
J-J
22%
M-S
22%
«'
A 2d
4s
11%
25%
23 'A
23
9
11%
24%
22%
812
11%
23
175
certificates——1989
4s inc bond ctfsi— **_Nov 1989
5A 1st term & unifying 5s-_„1952
AGen & ref gold 5s series A——1990
Paul St Duluth
1st
fASt Paul E Gr Trk
cons
gold 4s_1968
1st 4Vis_—
1947
1§ ASt P & K C Sh L gtd 4Vis_J—1941
Paul Union Depot 3%s
B__.,Al.il971
St
«S
A
&
Ar
Pass
1st
gtd gold 4s—r1943
Schenley Distillers 4s
Scioto V
&
tSeaboard
N
E
1st
Air Line
s
f deb_
AAdjustment
100 Va 101
M-N
M-N
101 A 101
*100% 100%
100
A 1st
cons
6s
series
ACertificates
AAtl & Birm
of
AGs
3s
16
57
52%
12
31
b
56%
United Stockyards 4lAs w w—:
J-J
33
33 Vi
35'A
74
15%
38%
Utah Lt & Trac
100
2%
25
A-O
25%
23%
25%
4
87
13%
969
11%
12%
317
31%
32
11%
F-A
1935
F-A
11%
1954
J-J
97%
97%
1961
J-J
99%
99%
1941
F-A
33 %
A-O
South St Nor Ala RR
gtd
1963
A-O
10%
12%
7%
14
14
25
10 Va
25%
1
2
101% 101 Va,
•
1.
•-A.>-
♦
103
a
lOOVi 102
100% 101%
A 100% 101 %'
100% 103%'
j
Power
&
1st
&
ref
92%
93%
23
91
A-O
98%
98
98 Vi
41
93
—1944
Light 1st 5s_—
93
—-1944
5s
A-O
F-A
98%
98
98%
45
93% 101%
5
Cons
s
f 4s
cons
g 4s
series
series A—1955
^1957
B_
Va
F-A
*108%
M-N
Elec & Pwr 3Vis series B——1968
Va Iron* Coal & Coke 1st gold 5s„1949
M-S
*108%
111%
jif-S
11%
Virginia Pub Serv 1st mtge 3%s_„ 1972
97%
102
4
10%
Va
2003
J-J
1958
A-O
—1966
M-S
5%
5%
10
13%
12%
& Southwest
1st
cons
5s
1st
gtd 5s
„•
——
Virginian Ry 3%s series A
-
-
:
__
lllVa 111%
*76
F-A
"1
80
*90
72
109%
72
90
72
109
76%
102Vi 103
91
109
109% 111%
69
*102% 103 Va
23
Vi
20
94
65%
75
'
105% 109%
32
12%
12
86
98
33
95%
98
99%
1
97%
99%
38
9
29
38
101% 102%
1,147
105% 106
122
y*
__
3%
4
12%
12
W
19
100% 103%
27
104% 106
AGen mtge 4s inc series A
123
AGen
*100% 102'%
*
100% 100 y4
*101%
102
.100
.—1951
4%
9
105%
3 Iv
16
9%
102
F-A
1397.
39
589
13%
J-J
page
Vb
32
1950
see
365
M-S
1964
5s
4
..1935
-1952
'
—•
.
101%
100
10:
•;
-
100% iooy4
101 y4
100
123% 125
1
11%
9%
12%
101%
100
101% 104%
M-S
-
1933
A100
101% .103%
99 y* 101
124%
10
1945
101
6%
12.
103% 104
10%
Vi
101 Vi
100%
100
100% loovi
101 ■/«
101%
100
100
101
*100% ioi
M-N
100
76%
~2;
,
100 &
*__
6
157
16
*103%
25
Socony-Vacuum Oil 3s debs„_
For footnotes
14%
6%
25
deposit—
M-N
•
„
,6%
4%
debentures
M-N
1 1954
-May 1 1955
101
101%
100% 101%
7.;.
20
*100
M-N
-May 1 1954
2.55s
' 2.65s'A-
,
M-N
1 1953
101
M-N
1 1953
Nov
——•
75
11%
f§ ASilesian-Am Corp coll tr 7s
debentures 4s__
1 1952
May-
—Nov
•
*100 y« 100
M-N
51%
F-A
Simmons Co
M-N
73%
A-O
2%s sinking fund debentures.
1 1951
.May 1 1952
100%
*100% 100%
*iooy4 101 v
M-N
•
52
_1959
series B certificates..
Oil 2Vis debs***
Skelly Oil
—May 1 1951
————Nov
74
Oct 1949
Union
M-N
J-J
A-O
-
1 1950
Nov
Vandalia RR
deposit.
M-N
;
100% 102
100 Vi
May 1 1950
100 y# 100%
100
100
J-J,
*1950
1st gtd 4s_
100
>;A; 2.60s- —-———•——Nov
M-S
A
*100
M-N
M-N
84%
M-N
-
100%
M-N
—'—Nov
—
'
100 % 100%
100% 100%
1 1949
1 1948
—A——May
-
22%
-1989
JASeaboard All Fla 6s A ctfs
Shell
—
*99%
1 1949
—Nov
—
——
•'
*1950
5s_—A
§ ARefunding 4s„
ACertificates of
100 V4 100%
1 1947
Nov
—
12%
Ry—-
ii A 1st gold 4s unstamped
§A4s gold stamped--
*99%
—————May 1 1948
76
—1952
gtd 4s__
100% iooy4
100% 101%,
100Vi 101
63
16
100
iooy8 100%
*99%
*100% 100%
38
F-A
100
*99.28
M-N
*100
82%
J-J
*99%
M-N
:
*100%
22%
A-O
M-N
1
M-N
21%
*77
105
M-N
81%
J-J
104
M-N
82%
J-D
*103%
1 1947
2.50s
Utah
St
,
85
97 Va
1 1946
M-N
Vi
'
May 1 1946
—Nov
——May
—
AA; 2.40s\ A",;\ 2.45s
"'A'
90%
*100
22 y»
bond
69
"
M-N
2.30s
22%
80
1 1945
—————Nov
2.35s
22%
1978
tSt Louis-Southwestern Ry—
A 1st
22 y8
21%
103% 107
16
*100
2.25s
ioy8
■
96%
M-N
A.A' 2.20s
11
22%
deposit.:—-—
Vis series A-—
ACertificates of deposit stpd—
j
21%.
21»A
-
*
M-N
85
M-N
2.15s
■
2
84%
96
1 1944
——
2.10s
Vi
106
102Vi 106
—————May 1 1945
——————Nov
2.05s
46"
55
94%
69
33
1 1943
——Nov
■
2.00s.
1
1 1943
68
f
Nov
1.85s
104
77V*
106
96%
M-S
1 1942
105% 106
Corp—
—
1.90s
46
-1944'
4s
gen
;....A.A.A.;.T-May
1.80s
■.
$ASt L-San Fr
if
A-O
M-S
1.75s
r
60
62
J-J
ACertificates of
105%
5s——1953
A A'. 1.125s
1.95s
AgRiv St G Div 1st gold 4s——1933
•
J-D
108% 109
A-O
debentures
--.8756
■
106 > 107%
63
fASt L Peor & N W 1st gtd 5s— .-1948
,.
109
Stores 5s_„.1952
(Del)
Steel
States
Serial
St Louis Iron Mtn & Southern—
;
3%s debs———w_—1955
J RR & Canal
United
106%. 108%
1941
4s—
grant
129 y2
-1966
1st
100
A-O
98
,-1949
gold 5s
11'%
96
M-N
St Jos &
1st
11,
35-year 3 '/2s deb————1971
Ref mtge 3y2s series A————.1980
100
Baguenay Pwr Ltd 1st M 4Vis
Island
99%
Pacific RR—
&
1.625s
Adir
J-J
99 Vi
1st
1.375s
Grand
4s—-1947
99%
34-year 3%s deb—1_—-—1970
Union
1.50s
Lawr &
J-J
6'
•99% 103
8
104% 106 y*
1.25s
St
;-1967
19
102% 103
100% 104%
M-S
fSARutland RR 4Vis stamped—
debentures—.
■
26
60
M-S
eq
103
13
101%
30%
1934
F-A
*110% 111
A-O
101% 101%
M-S
& Louis 1st 4Vis
tARut-Canadian 4s stpd—
M-N
1945
105 »/2 106
iM-S
tSAR I Ark
(Chic) 5s
Calif 3s deb———1959
101 Vi
31%
—1969
of
101%
61%
1967
;
Elec* Ry
Oil
"97% 103Vi
A-O
mtge 3Vis series I„—_1967
3s
7
J-J
mtge 3Vis series J—
Union
101%
J-D
I
Gen
I
A
82%
1977
A_
El 4Vis series D_
3%s series H
39
83%
73%
1949
1st gold 4s—1939
coll trust 4s
77% '
102'A 102 Vi
M-N
Gen
,
76%
77'Vi
M-N
Gen mtge 4 Vis series C—__ 1956
,(
|
Rand
67 Vi
r
99% 103
123
Wabash RR Co—
1st mtge
4s series A
mtge Inc 4y4s ser B
38
75
82"%
J-J
81%
81 Vi
81%
—1981
Apr
41 %
40%
41%
187
33%
50
.„j._1991
Apr
33
32%
33 Vi
237
28%
39%
1971
v
,
;
221 Va
103
-
-
108% 110%
304% 104 Vi
St
J-D
*100
Tri-Cont Corp 5s conv deb A—
216
69'/a
58%
\
A
70%
57 Va
100% 100%
J-D
Gas & Elec
110
58%
164
66
65
65%
" *1031; 103 y4
59%
59%
A-O
Trenton
220
106
101
101
65%
66%
—1950.
Ham
110
L
92 Vi
104% 106 Vi
gold 4s—1946
Toronto
*218
85
13
65
J-J
~6
i-,
106»%
a
143 V4 144 V2
•
109
100 A 100
AA.v
5s
§ A Third Ave RR 1st 5s ext
80
J-J
f deb 5s———J-1948
s
J-J
J-D
5s
110%
A-O
3 Vis—1968
M-N
ref
105% 106y*
*105% 105%
1st
80
108 %
110y2 llOVi
M-N
A
105%
ref
Ry 1st ref 4s
]
106 vi 108 y4
16
95 Va
8%
3
-—
110 Vi
A-
106
&
Ave
122
10
110% 111
A *102% 103
88% 89
J-J
&
Third
87%
107% 108%
1
92
8
78%
'
.Publ.c Service El & Gas 3Vis—
'
Gen
86
120
106% 106%
A
J-J
Gen
Gen
M-S
-—I960
1965
gold 5s——1943
com
Tex Pac Mo Pac Ter 5Vis A—-
1st
AAA
F-A
A-O
120
F-A
J-D
Portland Gen Elec
J-J ?
F-A
3s
108
1962
C
series
&
f
s
64%
107
—1974
5s
refund
Texarkana & Ft Smith 5 Vis A——1950
64%
55
*107%
4Vis series D———-——.—-1977
1st
/
Gen
Texas
J-D
ser A—1948
5s series B
97%
J-D
4Vis series B————1959
gen
Tenn Coal Iron & RR gen 5s
1951
Terminal Assn St L 1st cons 5s____1944
103
3
4 Vis series C———1960
1st
104% 108 V*
99%
1st mtge
1st
AA
104% 109'
97 »A
U950
1st 4s gtd
Young & Ash 1st 4s
"3
•
99 Vi
1st mtge
Pitts
106
106
*105% 103%
96
M-S
1st 4Vis series A„—1958
W Va
•;
J-J
1977
—
4Vis—
mtge
*118 r.-.'-
J-D
A-O
4Vis A—1952
conv
mtge 4Vis series B—
Pitts Va
M-N
4%s__1964
5s series A————1970
1975
mtge 5s series B—
Gen 4 Vis series C
A
53%
53%
Internat 1st gold 4y2s. .2013
*112
Gen mtge
i.;
54 y2
of
F-A
guaranteed
cons
Gen
••.
M-N
A Spokane
M-N
Series
f
v
55%
M-S
Stand
Series I cons 4ViS————1963
<
54 Vi
M-N
.
1%
1960
H
Series
A
A'' 306
3
2%
1945
105%
50 y2
10
»/4
53%
56 y4
———.
gold 5s
1st
65%
55
1%
M-N
3Vis gtd gold——1949
Serbs,F
1946
313
70%
.65%
1%
20
2%
102 Vi
1st
102% 105%
105 Vi
"3
*2
Series G 4s guarahteed,;—;j._—1957
(•
gold 5s_—.
cons
Southwestern Bell Tel 3Vis B
■'
■
102
32%
10%
103% 106%
3
Studebaker Corp conv deb 6s.
''
D
&
St Louis Div
99 Vi 102'/.
32%
10
20
,
103
.68%
■
W—
r
1955
4s series A
Mem Div 1st
30 Vi
—
Series C 4 Vis guaranteed—_*™*1942
Series
1st ref gtd 4s—
Ry 1st
Devel
109% 112
29
104
*102
Devel
Devel
90% 105% '
11
111% 112
Southern
112
107% 110
,
120
108
V*
South Pac RR
Pittsburgh Cine Chi & St Louis—
r
3%s_'„-—_
secured
115
95%
1969
.
69
V,
M-S
.1981
102% 105%
in
109
High
i
j-d
1950
10
J-J
;
———
104% 108
102%
*109
M-N
Ry 1st s i 4s___*__1937
of deposit—
Petrol l%s debs—.
-1951
■
55%
11
30 V2
Philip Morris Ltd deb 3s*—__-_r,„_1962
O
44
106 V4
:
A
.
.1968
Gold 4 %s
61
1977
;
Gold 4%s
64%
M-S
t§ A Philippine
Phillips
74
55%
J-J
..*1949
ACertificates
63%
1949
.1949
Gold 4%s
106% 107%
*117 Vi
J-D
1971
6s
Aui
(Oregon Lines) A.
15
102 Vi
112
coll)--
Pac
registered
32
60V2
95%
M-S
3Vis-_—_1967
1
"
(Cent
4s
1st 4y2s
7%
63 Vi
111
J-J
_1961
3%
71%
106
J-D
t A Phila & Read C & I ref 5's_____ 1973
>
60 Vz
106
J-J
..,„_198l
4s
47
37
63'A
F-A
C—„».1977
series
coll
Co
1943
B_.——1974
General
Philadelphia
gold 4s
2
17
,
Low
Pacific Co—
70 Vi
70 Vi
M-N
St Wash
Southern
91%
110% 113 V.
7
,
7%
106% 106%
J-J
1st
43
6%
F-A
Marquette 1st series A 5s__^r1956
Pere
112
43
6%
Apr
Ry 51/23_„~1974
Union
112
112
A-O
_„1960
4s
,
.1
January 1
"
106 Vi 108 Vi
•
Gen
Range Since
Sold
No.
High
*107%
j-j
1947
Bonds
Friday's
Low
1962
88%
or
High
(Continued)-r89
Week's Range
Last
Sale Price Bid & Asked
Period
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Niimbtr"411?
156'
NEW
BONDS
-
®
Last
Interest
Week Ended Oct. 10"
•
Low
gen
A Ref
&
Low
'
Stock
Friday
•
.
Exchange
Week Ended Oct.
Interest
16
Low
27%
27%
1
24
28
.2361
J-J
26%
26%
3
24
27%
.2361
J-3
1978
A-O
25%
25%
26
6
22 Vi
26%
.1954
3-D
*__
A-O
-
*26%
28
—
2234
27%
.1949
M-S
*110%
1955
A-O
1955
-
5s series D
A-O
,
—
„
Warner Bros
Pict 6s
debs„_'____
A
1948
deb 6s
15 A Warren Bros Co
1941
receipts,-
Deposit
M-S-
3-J
.1947
66
95
102%
Winston-Salem S B
59
81
106
JAWisconsin
103'/a
10.
95% 106%
103
—
v
102
A
4s__
1st
Central
Certificates
1st
of
A-O
1960
4s___
.
Warren RR
ref gtd gold 3%s__2000
1st
F-A
.1945
> F-A
1950
J-D
Gen mtge
West
Penn
1st
3%s„-_;-__
mtge
Western
5s stpd gtd
1st
Power
Maryland
1st &
1967
5s E
ref
4s
1st
109
% 109%
A-O
"2
.
86
Pa
A_,__
,.1977
gold 4s_—*
gen
Pacific
\ '• '«
3-J
.1943
107
110
110
111%
96
1946
—
i
■
•'
gold 4Vis_
5s—
M-S
3834
55
•
;
363b
38'/a
60
84
137
/
■
—1948
series D
843 a
108
Deferred
a
;^__1951
104%
20%
in
delivery
the year's
38%
20%
84%
88
included
the
in
§ Negotiability
38%
79
not
52
84%
In
footnote
a
In
and
the
tended
deferred
the
in
week
in
following
Saturday Oct.
J-D
85%
M-S
8334
86
69
81
8434
86
"77%
101 V'a
11
85%
8334
M-N
101
*
extensive
10, and ending
STOCKS
Curb
list
furnish
we
stock
Par :
Class
85%
A Bonds
AND
v;v
99%
99Vi
Aircraft
High
5%
1
.....
:
.
:
99 Vi
99 Vi
by maturity.
impaired
in
Low
.
20
of
Electric
'
tThe price represented is
the dollar quotation per 200exchange rate of $4.8484.
at the
Alabama
Power Co
$6
Sep T "'22%
1%
Feb
Birm
Gaslight 6% preferred.
5V4 Mar
Atlanta
57/8
Oct
Atlantic
Jun
8 Va
$7
preferred
78%
78%
•
Class
94%
-
>
i
Coast
&
Coast
RR
Co
A
2%
Sep
Atlantic
Coast
134
Oct
Atlantic
Rayon
21%
Oct
Atlas Corp
"
Jan
A Mar
% May
20
95
73
Jan
ie
1% Aug
50
89
~
:•
:
Sep
V
-
—-
2%
® Feb
;;v Aluminum Co common
%
674 preferred
Aluminum Goods Mfg
Aluminum
19%
Industries
19
•
100
,
104-%
100
,
:
19%
V
150
17
•
25
2Q
78%
1,400
.
6%
.T
Book
American
Box
70%
Feb
Jan
i._
Co
Co
common
69.'%
__
.
—__.50
3
1
703a
$3
class
B
6%
4%
.21 Vi
4Va
4'/a
preferred..
Axton-Fisher
Ayrshire
V
'.•» American
Mfg..!
Central
•
Cities
American
1
Convertible
•
Class
Power
class
&
._!■
78 V'a
1,
.....
Sep
24% May
434
Jan
Baldwin
Barium
Class B
Apr
Barlow
.
.
"n
n
A...
Feb
Baumann—See
fa JUly
Beau
%
Feb
Jan
11
Oct
Mills
6%
Feb
10
475
4%
Apr
14%
Jan
Bellanca
8%
10%...
300
4
Apr
13
Jan
Bell
Sep
Benson
5%,:.. 900
%
4V^ Jan
% .100
36%
37%
1.4.600
-fa
%%
300
.
.
%
■fa Sep
35
__
July
36
July
28% May
413a
preferred
Corp
18Vi
32
Jan
%
Sep
12 %
Aug
12Vi
350
10%
Apr
18%
18%
5,900
13%
Apr
96
96%
1250
2%
200
27%
100
2%
82 V2 Mar
..1
_V.
- ■;
■
... • i
Laundry
20
20%
20
11 Vi
11%
12
_v
24'%
24 Vi
preferred
Mrg
Tel
of
common..;..
American
Maracaibo
American
Potash
American
1
Co
&
&
•
;
Chemical
American
Seal-Kap
~ 3'tt
>
common...
104
$2.50
1st
$6
Blauner's
2%
Oct
Bliss
Feb
Blue
Feb
$3
18"
common..*
22
Apr
Bohuck
12
Oct
17c
Apr
7'/a
Apr
'
.**".% ~~.r.
19% 20^2
21
18% Mar
24%
Oct
79%
Jan
85
■A
Jun
15 ioo
400
Vi
"
Xl8
Aug
May
4%
26% July
i
27 %
Oct
Feb
61% Mar
2 000
Apr
6%
1% Mar
G
.
»/«
■?.,
2%
Sep
sV
Jan
50%
_
6 800
3au
'l00
52
fa
33 %
Apr
1%
Apr
5
Post
Jan
Angostura-Wupperman
Apex-Elec Mig Co
Appalachian
.'
52
2%
2%
2%
400
2%
Jan
3 %
Sep
•
~2Vi
2%
"2%
1400
2
Jun
2%
Jan
2%
2%
2%
*500
2
Feb
2%
Apr
8'i
8%
1
common
i«
_*
ElecPwr4Vi%
pfd
100
993/a
•
non-voting
Arkansas
Aro
Art
Power
Equipment
99% 100
"
Jan
7% July
100
220
Metal
Ashland
Works
Oil
&
&
1
II
common
Refining Co..
Breweries
Associated
Electric
dep
1,100
1%
6^700
of
Canada
8V"
700
"en/,
inri
'\l
300
""
91%
Apr
2%
Oct
1%
Oct
9
Associated Laundries of
I""i
~~
•
~~
see
page
41/,
a
preferred
1.450
'4 Va
V'a
Jan
43'a
Jan
33 %
Jan
28
Jun
Jun1
27% Aug
200
l
fan
■
3
Feb
4,500
"434 "434
X4%
% Aug
Oct
Jan
1
9%
Oct
4'/4
600
7 V'a
Jan
Sep
334
'7777:;
/
®
100
1134
8,000
.3 Va
400
''77.7.7
Apr
22%
11%
134
101
Jun
3%
Sep
Oct.
Feb
-1
'
.v
—
Aug
117
Mar
Mar
34
Jun
34
.7.
.
L1-
*
Feb
30
•
common
preferred
Feb
8%
21
S
.
<10v4
3 V4
10%
—___1
4%
Aug
634 May
—:
Jan
7
-
I--.','''
20
1
J.
common
3'b
--
fa
1
77.
common
Jun
36
7-6;7[:
2,200
,
-
Sep
7: ■■■'-
Jun
834
—:
-
Aug
10
38'A
Jan
Jan
Jan
39
Sep
6
>
Jun
8
Jan
234
300
C'/'a
3/,
fa
"w
:7777". 7-
Fdy it Mach Co com.;*
"
""
;
.kx
:.
'■
.
12%
13 Va
35 v'a
12%
common.
(S) it Co
(H C>
Co
;
•35%
1,100
1a
;_1
•
'5%
*
^
•
:-____^._100
—
common
1st preferred.^..'
Borne
5V4
Apr
-5
Jan
10%
100
V
i
5%
3934', 40
16%
Apr
Jan
fa Feb
•%
Oct
27
Mar
35%
Oct
4
400
Sep
300
.
5%'
134 Mar
7t- 77. !: '> *fi:'
'ty'i
^
i:7-. 10 7
Oct
3 v Jun
33 May
42
Mar
7 7c
Breeze
Traction
...
Lgt & Pwr...
100
*
•
I.
common
1.
Aeronautical
Bridgeport
30 Va
34'
Mar
Jan
7%
5 % May
—
.
234V <234
234
300
300
7,fa fa' fa
Vs
9%:
8%
8%
934
f*,834
434® 5
_
«
2,000
300
1,000
1% May
Sep
Sep
-
234
Oct
f\
Jan
974
Oct
fa Jun
■
:.«•
434
7
Jan.
May
.
10% Mar
8V2
Jan
May
20 V'a
Jan
Jan
2%
3% July
19
TT
—,—100
Corp1 class
Class
77e
200
•
Machine...
Preferred
Brill
1%
52
■1-
Jan
134
A—
B.__
L-
preferred
Brillo
*
Jun
60
Feb
Apr
3%
% July
Jan
iV May
45'/a
50
40
Jun
55%
Feb
1134
45 Va
1%
Oct
Oct
A
Aug
14%
Jan
Apr
8%
Sep
Am
87%
Jan
Am
Jan
8
Jun
5%
Jan
37/s
Jan
Oil
American
Jan
10
Mar
13%
Jan
£1
£1
8
Oct
9%
Jun
6'/a
Jun
8
Jan
30'4 Jun
Tobacco—
Co—
dep rects ord bearer
dep
ord
rets
reg_„
7%
7%
50
1%
1%
200
Feb
43a
31'/a
•
—
American
British
75% Aug
;r—100
Mfg Co common..—
1%
6%
■
4 ■■■-"
Bridgeport Gas Light Co..
U Sep
Apr
,,
preferred
Corp
^4'.
common
1st preferred
2d
Brazilian
-.
,9«
Inc..
Bowman-Biltmore
$5
—.25
——*
Scrymser Co_.
Bourjois
British
2% Mar
II
L
common
(EW)
5/&
•
11% July
£i
1402.
1
optional convertible preferred
4%
13
Sep
Jan
fa
Sep
3% Aug
Vs
Feb
Celanese
British
Amer
Brown
Class
Americalllll.*
Sep
Jan
103 V'a Jan
6%
"en/,
5
Industries—
rects. reg
For footnotes
jj/2
ji/4
Light's7"preferred1*
Associated
American
^3^
i'i/4
Corp
:
2V4
10
Ridge Corp common
Class
Arkansas Natural Gas common
Common class A
Sep
Feb
5 %
Oct
2
Fence.
"35
•
Jan
Apr
39
.
♦
Anchor
•
16
'
Apr
Jan
22-
2
$6 series preferred.^
American Thread 5%. preferred
American Writing Paper common
/
634 May
434
preferred
Jan
'
" 5%
10
Superpower Corp
preferred
18
5
—1
common
Hedges
Brewster
American
30 v2
30
34
common
Corp
Birdsboro Steel
28%
18% Mar
100
Z~
*
Republics
':
900
"boo
3%
3%
Berkey & Gay Furniture
32
1% May
300
..
„1
Meter Co..
American
100
ioo
^
A
Canada
Convertible
24% May
1,500
"I
25
...
Co
Preferred
Jan
v
:-
"Ludwig"
Aircraft
Blumenthal
20 V4
Light & Trac common__._25
6%
20% Jan
v:?'l':i;
American
.American
30
1
Inc
Inc
Aircraft
27% May
'1^'-
American
Mach
Feb
334 -Sep
Mfg—
convertible
$1.50
11
27T#
...1 '
'American Hard Rubber Co_.j__i__^25
;" ■
.'•
:
® 96%
common.._10c
convertible preferred
preferred.^...
$2.50 convertible
vi
334
-
May
4,
Oct
Feb
'.'V.
Jan
12%
—•
_^.i_10
i—.lOO
23
t
3V4
.1:1
common.;
Brummell Ties Inc
Beaunit
5%
%
13
19
100
Jan
234
Jan
234 May
234 Mar
10
fajfa
Jan
Oct
80 34
;
9%
10
Seelig
Bickfords Inc
common
Gas & Electric
General
J,
7
19 Va
Ik
3'%
common
Steel...^
convertible
Feb
Jan
Co
Refractories
34
7%
_.
100
37 Vi
Class. B non-voting
J——10
American Foreign Power warrants
class
&
$1.20
...
■
$2
1%
400
■
'
27
514 i 5%
22%
for
^.30
Rubber
...
—1
American
American
334 Mar
Aug
1234 May
......
27
.
35% Oct
Jan
5
1,600
..
5%
Co
warants
Stainless
...
25
:
4% Vo
'2%
•33b I '.3%
25
1
preferred
Apr
Beech
%
American
200
2%
com..lO
A
July
'A Mar
200
1%
Feb
4 Va
"
Locomotive—r,
Purchase
Sep
103
65'/a
__
®
..25
A
;; American Fork & Hoe
6
B
Baldwin
Light—
A.
Cyanamid
109%
,/'
Jan
■
3
May
34 May
334
•
class
Collieries
Babcock it Wilcox
Sep
Apr
19
30
...
Tobacco
Patoka
Jan
Sep
%
•
preferred
prior
22
200
1,700
•
.___5
Jan
7
Jan
300
i
Machine..
& Sons; common.
Voting
(B F>
12%
65%
..
21%
1
10c
preferred
$5.50
Jan
64
1
1 ♦!
18%
2 V'a
Feb
90%
3,000
__
Capital class A common__10c
Common
1001.
3
18'a
*
Products
Automatic
Avery
Basic
American
35
6
5
'
:
34,
Drop Forge common
Atlas Plywood Corp
Mar
3
100
;
-h --—./i/4gep
;
Jun
106
I
.
13 Va
35
1
Corp
114%
V
1
100
Board
-'vV
3 Va
3%
22% Jan
fa
-
100
Beverage common
American
34 Mar
1
Line, Co
I High
Low
fa.62
warrants
105
Apr
12^. May
4V4 Apr
'
_•
common——
preferred
American
Range Since January 1
•
—
100
Atlas
7%
Ltd
Aluminium
Shares
High
19% Mar
:
9934 May
® 1,150
104'% 105
•
common..:
".
May
98% 102 Va
Jan
!3
-.
Sep
22%
,
1%
Jan
22%
® —.f
97 '
3%'May
Jan
34
I—.25
V®;'1
7/e May
..
...
common.
on
for Week
Mar
107
Sep
79
83
Jun
v
;
$3 conv pfd_.___*
(Mich)
JO
conv
Low
pfd__100
Fisheries
Vi May
1%
Investing
Allied: Products
Range
of Prices
Feb
100
-
shown
are
''Sales
Last
Par
Atlanta
Jan
100
1%
the regular weekly range
Week's
Friday
16
..
Jun
100
1%
..50
Investment
Allied Intl
'
.
' '
•.
•
Southern
preferred
Alliance
!.
•
®
Sale Price
Exchange
Oct.
Mar
20
Mar
Curb
Ended
19 % July
__
1%
;.„__3
Alles & Fisher Inc common.-.;...,
.
..
Associated Tel it Tel class A__„V-__:-*
4%
400
York
High
"
,
;..'V
•
RECORD
Week
4
__
fafafa*
Appliance.
Great
-
.
as
the transactions on the New York Curb Exchange for the week beginning
4%
2;00
"i; >400
■
-1%
10
—
Alabama
1
98% 100%
the
Accrued interest payable
Automatic
Air-Way
•j
102"%
21
It is compiled entirely from the daily reports of the Curb Exchange itself, and is in¬
New
16%
5%
"
50c
preferred......
record
1942).
Range Since January 1
„
4%
5%
5
5
common
Warrants
:yv®4%
•
5
...
(NJ)
Corp
Access
: Air Investors
Convertible
L
101
21
99 Vi
year's range,
d Ex-interest,
e Odd-lot
sale not
n Under-the-rule sale not included in the year's range,
r Cash sale
STOCKS
Shares
Low
I
Mfg common
Air Associates Inc
•
12%
v.
99%
selling flat.
YEARLY
for Week
Co
B——
Ainsworth
;
12
20
being in bankruptcy, receivership, or reorganized under Section 77 of
the Bankruptcy Act, or securities assumed by such companies.
•Friday's bid and asked price. No sales transacted during current week.
Sales
Range
commoh—:L~77~"
Supply Mfg class A
1
J
Aere
.!
34
108 %
bond, in which any deal ings have occurred during the current year.
or
Week's
Sale Price
16,
(Oct.
of Prices
'
Last
16
-v.;. Js;;
;
9
105
M-N
included
not
sale
tCompanies reported
100% 101%
complete
a
the present Friday
Friday
Exchange
Week Ended Oct.
Acme Wire
•
35
,
108% 110 '/a
106 %
*12 Vb
.
55
51
9
*110'/a 111%
—-
delivery sales are disregarded in the week's range unless they are the only transactions of the week, and' when selling outside
which they occur.
No account is taken of such sales in computing the range for the year.
include every security, whether
to
York
New
;
i
58
M-S
1960
range,
pound unit of bonds.
WEEKLY
!;
18%
115
37
37 Vi
__
liWIIiUllllliHI1 llMWIBWllfflfflKg^^
NOTICE—Cash
fa
155
*16%
-w-I.
95
114
- 54
'"18%
NEW YORK CURB EXCHANGE
-
*115 % 116
183b
.
90%
104% 106%
100% 103 %
year's range.
•
M-N
____
>
14
—
55%
J-J
•;
deb 4s
Conv
102
101 fa
*101A
377/8
M-S
fa-fa '
.
1950
30-year 5s
1960
Westinghouse El & Mfg 2 Vis——1951
A
28
91%
93
15
94%
A-O
1946
-
gold
'
92%
1023 s
53%
J-3
Youngstown Sheet & Tube—
1st mtge s f 3 Vis
84
36
87
3634
95%
1943
A
ser
i,
4
Western Union Teleg
25-year
5s
1st
A 5s assented
;
.
110% 114
._
9134
'
fa
A-O
.1971
included
} A Western
47 Vi
102 Vi 105
'
5 Vis series
West N Y &
50
37%
103
107%, 110
3
111% 111%
87
'<
M-N
.1968
.
107%
111%
;
3-J
40
86
—
—
25
High
3734
118% 121%
*107
J-3
1952
.1
106
66
45 %
'<*■>«.
103% 105%
*104
48%
10534 10534
*
*
'
*11834 120
Jif-S
„_,1966
31
69%
6
3
*104
3-D
v
_1963
3Vis series I
33%
86
33
-86
Q-.M
_1945
1st 40-year guaranteed 4s_-._Westchester Ltg
F-A
..1948
9134
3-J
.1949
deposit
.1936
Washington Central Ry 1st 4s.
Washington Term 1st gtd 3 Vis
Low
47%
443'a
M-S
.1955
8834
99
-
10234 103%
103
,
I
102
100 Va 101 •%
101
?
M-3.7
83
8
87%
102
„•
_
'86%
Va
87
No.
'
.1966
1st mtge 4s
debentures.—
6s
47%
Range Sh;?e
January 1
Sold
High
'26%
—
Bonds
Friday's
or
High
"
Walworth Co
Week's Range
Last
Sale Price Bid & Asked
Period
1980
4%s series C
ARef & gen
No.
High
New York
Af-S
F-A
5s series B
gen
Range Since
January 1
Sold
1976
tAWabash Ry ref & gen 5Vis A-—1975
ARef
BONDS
Bonds
Friday's
or
Sale Price Bid & Asked
Period
'
RECORD
Week's Range
Friday
.
Exchange
Stock
York
'New
;*"■/>
YORK BOND
1397
Brown
$6
Ltd—
A
preferred
Forman
—
.
•
-1.
*
1.V4 Aug
2
.3.%
65
2%
60
3%
65
2,400
Jan
20
1%
Feb
7V4
1
—;
Distillers—.—
preferred...
V4 Mar
10s
dep rets ord reg.
Fence & Wire common
Jan
12%
Aug
13b
Jun
3%
Oct
65
Oct
Monday, October 19, 1942
THE COMMERCIAL & FINANCIAL CHRONICLE
4398
H
NEW YORK CURB EXCHANGE
10
Range
Shares
Lou;
Par
Rubber Co
Brown
Co
(E L)
Bruce
common
Jan
%
Sep
11%
Jan
14%
Oct
#6
Apr
4%
Apr
Cuban
35%
400
14%
Jan
41%
Sep
preferred.
,
*
Line—
Buffalo Niagara & East Power—
$1.60
preferred
$5 1st preferred
50
Buckeye
Pipe
Bunker
Hill
Inc
Burco
Burma
Am dep
Biscuit
Burry
6%
7%
Tobacco
common..
Curtis
Lighting
69
69%
750
10 zz
9%
15 %
% Mar
12%
Jan
Darby
13
Feb
Feb
Dayton
%
Jan
11% Aug
Va Aug
12Vic
Z
V* Jan
—
Corp
'
v.
Z";
6%
Feb
Callite
certificates
trust
Voting
Sugar Estate—
Electric
Power
common..:
5
•
1
-
—
A
Jan
A
2 Va
Apr
3%
1%
200
1%
2
Jan
preferred
777/b
100
preferred ——
Canadian Car & Foundry Ltd—
6%%
19
Gray
Mich
Stove
Steel
Canadian
Oct
Jun
Vilbiss
Co
Shoe
Co
A
voting—
Class
B
2%
*
*
voting—.-
non
21
Jan
2%
100
2%
2%
Jan
Co
100
preferred
7%
1
Canadian Marconi
Capital
A
Carrier
Corp
Co common
Products
Casco
—
—
Central
Central
Maine
Central
New
6%
2%
2%
76%
75%
z'
Jan
'
■,
Feb
7%
Central
Steel
Ohio
Central
Central
pfd.
1%
Si Light
Power
Jan
Sep
2% May
31/8
Jan
101
85
8
South West Utilities.
&
7
50c
%
1<
•11%-
85% May
A
2,000
—8
ll%"{'~- 6,300
Corp
Cherry-Burrell common:
Chesebrough Mfg
;
Flexible Shaft
Chicago
Co
..
Chicago Rivet & Mach
1/2
Feb
13
Childs Co preferred—
Cities Service
$6
60c
$6
Eastern
$7
preferred
preferred
City Auto- Stamping-.
City & Suburban Homes
Controller
"9%
—.
48%
OO
Apr
10%
47
Apr
62
6
200
6%
3,600
2 Va
1,150
27
100
28%
—
v
Lights
Neon
Clayton
Lambert
&
Cleveland
1
4
—*
Inc
Mfg—
Illuminating
Electric
'1
V-
Clinchfield
Coal
'
•'
•
1
Apr
Sep
52,
■i
•
82%
Utensil
Aluminum
6
6
Cockshutt
Plow
Co
•
common
Cohn & Rosenberger Inc..:
Colon
4%
Oct
'
%
•^'z.
V"
■
%
Apr
5
Sep
"Eureka
Airlines
6%
3%
7
Colt's
Patent
Fire
warrants
Gas Si Elec
Columbia
Oil
&
25
Arms.
Columbia
Commonwealth
•
5%
.
25
Jan
3%
Z"A.;.^/A.
7«/a
200
2
Mar
3%
200
1
May
2 Vis
Jan
,
%
%
p.
1
Southern
1/64
warrants-
54
%
Jun
72%
Sep
34
Z
400
Public Service
Community
V
t
Service
Water
Compo Shoe
%
Apr
1%
Jan
32
v
Florida
Ford
&
1
1946
Coke Secur
Gas
Conn
Telephone & Electric
Consolidated
Biscuit
Consol G E L
4%%
14%'z vz
150
Inc
Gas
Mining
Consolidated
Retail
Mar
13
A
—,AZZZAZ—ZZ;
7%
300
18
Jan
A
Apr
2%
21/4
1%
1%
32
1,300
1
100
52'/a
114.
100
115
2,500
50
1021/2 102'/a
.100
Oct
7
^
51 y2
30
>
!' 1
Am
preferred
1/4
Jun
Jan
21/2
Consolidated
Continental
.Tie
Royalty
Steel
Apr
115
96% Mar
104
B
(Phila)
&
Light
11/4
25>/2
3%
Jan
l7/s
Jan
31%
5
Oil
Continental
of
Mexico.
4
July
107
prior preference..
7%
Jun
1%
Franklin
$3
Gen
11%
900
~7% ~8%
•
.
"51/4 "51/4
■
lie
Reynolds.
-l
_
%
%
Apr
57/a
Canada—
831/2
831/2
20
%
American
Petroleum
Crocker
Croft
Wheeler
61/4
Jun
8% Mar
Jan
36 y2
Sep
Jan
5%
Jan
%
Jan
4%
%
Jan
67% May
1..
84
Jan
Sep
Jun
1%
Jan
Oct
16%
Jan
Brewing
Co
Mar
2
4%
I
161/2
161/4
171/a
4,500
11%
Apr
17%
Oct
5%
51/8
5%
900
41/8
Jun
5%
Feb
300
at
Jan
III
Cent
Crown
Crown
Cork
Petrol
1/4 Mar
International A
Crown Drug Co common
n^>
convertible preferred
For
footnotes
see
na^e
_•
1%
1%
600
1% May
1%
Oct
..5
—.
(Md)
1%
1%
300
iy2
Sep
2V4
Jan
61/2
6%
400
4Va
Jan
61/2 May
%
Apr
1
•
25o
25
1402.
x
19
19
20
1U0
63%
Jan
5/64
Apr
Apr
6% Jan
2% Mar
fa
Jan
9
Feb
28
Jan
,
Aug
5% Jan
4 Va May
5V'a
200
57
May
147% 148 V2
50
81
May
150 %
Sep
152% 152%
10
85
Mar
155
Sep
156% 157%
170
82
Apr
159%
165% 166%
40
89
Apr
168%
18%
Apr
5%
v
.
1.47%
—
\
156%
V—
5
—
2,000
3%
23
150
13%
Sep
Sep
July
5% Jan
Apr
17
Jan
81
Jan
.1:
Jun
A Jan
17%
Oct
2%
Apr
2
May
19
Jan
23%
Oct
2%
_
Apr
3%
Oct
7%
Jun
9%
Jan
40Q
—
■
200
8 %
8%
1%
2
1%
'
;_
.
Jan
h -A- '7%
A:7%
Mar
Jan
.Oct
3%
/A/
—
2%
5
1,5500
A,—
:-A
Z';*:l Vb Jun Z.
6 '/i Mar
/ Z. 'Z-
.A A A,
-
v:.; AZ
70
Jan
5
Sep
/ 4 64%
44% May
i,54 %
57Va
-82
57
82%
250
2%
2,100
1
800
4-
2%
2%
■
10%.
16%
,
-J
,
Z
■
4/4
68
Jan
4;.103 Z Jan
Sep
1%
Sep
Feb
ZZ
10
Jan
4/410%
Oct
11
Jan
A 15%
Sep
—
Z. 8
*
t .2%
1
2%
-
May
15 Vb
Jan
10%'
■
18 •;
Jun
,14,
10% xl0%
-
10%
participating preferred———15
19%
common—__
:
8% Mar
19%
20 Vu
300
18% May
20%
600
2%
10%
100
33 Va
50-
700
.
12
49%
33%
'-*
....—
preferred
200
i'Z.4 4 2%
AZ 11
•
32%
—_—.-1
stock
Mar
8
100
WA
25
Mar /
ZZ 12
Feb
July
,::4
Oct
Oct
Jan
Oct
33%
Mar
40
Z
50
50
Oct
Aug
18
'-J:.
Jan
21
Feb
5
52% May
61
v; 3%
Power
Electric
Gas
Jan
May
%
Jan
6% Aug
7%
% July
:'Z.
,
'.V;Z
Co Ltd—
Z
6
200
13%
pfd,
%
-J* ft
97%
97y2
Jan
102%
Jan
% Aug
iV Feb
55
-10
■
97%
July
Sep
Jau
73%
G9
100
Water Gas &
:
bl.
«
itf
50
50
COO
80
Alden
Goodman
Mfg
Co
class A
preferred..,
Jan
Jan
Jan
July
103% Aug
7
93%
50
3%
3%
100
13%
■••:
14
28%
2,300
Jan
34% Jan
Apr
103
May
82
May
5
41
93%
Apr
86%
3
July
Jan
Aug.
Jan
42%
Jun
%
Jan
4
__
■
28-%
—
-50
^
94%
94
—
30
14%
27
Sep
32
Jan
Sep
9
Feb
July
100
10%
92
A
100
Zr
Itf
1
100
Jan
5
13%
B
Gorham Inc
Apr
%
;, 53 %
4
class A
Mines
"A
35% Apr
80
Coal
preferred
Consolidated
27% Mar
'
,30 May
-
Jun
2»4 Aug
,
'
Goldfield
73% Oct
Apr
July
21
—
Co
-
96%
—
(A C), common
■55
%
preferred———
preferred—
Godchaux Sugars
$3
110
20
—•-*
Gilchrist
$7
-
Electric common...1
preferred.—
Georgia Power $6
Glen
-
Oct
1/128 Aug
1/256 July
Service $6
.
$3
Sep
15%
:
1,100
•:
•'
,Z:
preferred..*
General Rayon Co A stock
i_*
General Shareholdings Corp com.——1
$6 convertible preferred.————i—*
General Tire & Rubber 6% pfd A—100
Gen
Sep
Feb
12%
.
—
—
6
Sep
59% Mar
13%
Fireproofing common
& Elec $6 preferred B_
Public
General
Sep
July
U
r
dep rets ord reg—:—...—£1
5% preferred A
10
Class
Crowley Milner Si Co
36% Aug
500
'
Oct
0
;
800
-/■:
—•
..*,
General Outdoor Adv 6%
$5
—5
Electric
Jan
Apr,
•
10% Sep
7/a
(ord reg). _£1
60 %
%
fV/f
Malt
&
convertible
Gilbert
dep receipts
Oct
34% Aug
20
5%
•
1
Grain
Warrants
Apr
12%
Jan
I21/2
-50
Oct
1%
1,000
15,600
5% :
%
Sep
Courtaulds Ltd—
Creole
Gen
Jan
Jan
...
convertible preferred
2% July
12%
10% May
150
—
...
£1
;
_*
.*
General Investment common—:——1
$6
preferred———
...:
—*
Jan
88
7%
100
—*
...
common
200
38% July
Jan
;
•
Distilling
Co
conv
Amer
.
1,600
Sep
2
General Finance
Jan
A Jan
11
$6 preferred A
5 %
3%
CO
31
Co.—.
Cornucopia Gold Mines
Petroleum
11 Va
——
Range
Cosden
Jan
7%
111/4
—
Cooper-Bessemer common.
Cor room &
10
z
1%
5%
-
jit:-/ %
10
.
Co common.:
i._*
preferred..—....——.—100
Co common—
1
General Alloys Co—,——....*
July
i/6 July
1
Cook Paint & Varnish Co
Copper
400
Jan
Jan
34
5 %
Aug
1
Continental Roll & Steel
$3
5%
75
17
17
60
Gellman Mfg
Oct
Mar
1 i/a
75
Jan
Sep
Sep
4%
—
Brewing
/
Oct
3
107
_•
%
9%
100
:
/ 46%
45
:-4. ,4g-;V
$7 preferred.:*
Ltd—
of
(Peter)
Gatineau
Aug
1061/2
75
100
V
43 %V
42%
-
voting
4%
Oct
100
Corp
Jan
'
900
preferred
12%
l'/2
15%
—5
—
non-votingw.
Conv
Gas & Electric Co—
prior
2%
11%
---V/
_1
——1.
rets ord reg...;—;—
dep
Motor
Oct
1%
10
36%
2%
...1
Fort Worth Stock Yards
:
Jun
31 '/a
Oil
Jan
22% Mar
Jan
200
11
35%
—
.1
Co...
Power
General
Consolidated
Jan
33
Oct
1%
1%
3%
i
Sep
53%
30%
100
May
50
—
& Airplane
Class
,
Jan
Jun
7/e
5
1
19
52% Jan
9%
~V
5
•
10c
1 :"
common
Class A
Fox
■
9% Mar
39 »/2 Mar
—1
& Smelt Ltd
Stores
475
2%
/ Fuller (Geo A) Co
A
■
_
2VA
1
*
Utilities—
7%
521/a
Corp..—1
Co
series B preferred
Consolidated
/
21
Jan
1%
Apr
16%
36%
.100
Metallurgical.
Froedtert
'..A"
common
P Bait
Consolidated
7%
•
common
preferred series C
8%
Z
—
1
Conn
4%
14%
'-.Mil
41
__
100
Equipment.—
Line common..
Motor Co
Ford
:
.
OCt
1/256 Mar
Machinery—
extended to
c
25
.
125
20%
'
Community
800
Jan
M. 2,700
1/64
&
Association
Fire
t
Jan
15%
1,550
800
j|i
'• •J
Oct
% Mar
v''•••*!'
1-A A
28
100
r._
:
Oct
1%
A 3,700
8%
G% Aug
% May
7%
-1.
Brewing—
Fan steel
<
Apr
3%
24%
Feb
43%
10%
.—
—.
Corp
Fairchild Engine
41/2 Aug
Jan
6 Va May
;
1%
z
<
Oct
M?r
July
Jan
43'4
•7%
--
'
% Mar
1%
z'
■
preferred.100
Gas
Si
Miii-
J
—Lf
„_
Falrchild Aviation...:...
v
•A Falstaff
Sep
1
Jan
Apr
3%
1
Si Iron
Colorado Fuel
Feb
3%
Jan
A
Feb
Mar
/v:'
Colonial
70
;,: %
_——
Pipe
Eversharp
35 /Jan
4% Sep
Zo<
..
Mar
; %
v
■^.4..—*;
Eight 2d "pfd A.
*
Esquire Inc
Jan
"l%
1%
Jan
25
Mar
15
Mar
Derrick
Emsco
6% Mar
July
200
•
ordinary
Development
Jun
67
52
50
%
.5
common
i___
Equity Corp common
$3 convertible preferred—,
Jan
21 :
;Z:!v
v.v";
*
Co—_
25
200
—•
preferred.,
Fedders Mfg
Club
7%
Jan
July
i; 62% Aug
1
•
B„_—r
i.:
...100
preferred.....
—...
..100
Empire Power participating stock——*
Jan
82%
400
5%
Apr
4%
*
•'
...
—
8%
Jan
12
200
,v„;
Aug
19
Jan
Apr
"3%
:
zi'zA-A'
;z?.'vzyzz-,:
27
5%
:1-"
100
Corp
Zr
27
.
Jan
x6
20% Mar
190
58%
25
preferred.J_L_
Ti'o
Feb
55
4'/a
5
27 I
_
warrants
6%%
Oct
Apr
Jun
—
•
Cleveland Tractor common.
May
6
;
5 %
Feb
v]\
—*
Empire District Electric 6% pfd
Empire Gas & Fuel "Co 6% pfd
Feb
3%
40
20
•
Claude
14
Sep
Apr
2%
Z«—-.Z:' i
—1
10'4 Mar
Jun
17% Aug
1,200
3%
3'4
;>3%
:
..
Elgin National Watch Co...
..—15
Emerson Electric
Mfg
—i
..4
Jan
40
;v
29^4 July
7% Aug
3%
100
.100
21
25AZ:-.--Z
...
c
Share
Si
Electrographic
Jan
Mar
Bond
Option
July
Feb
68 Vz
68%
■
t
Electric Power &
Jan
—
Sep
Jan
29% July
*
Iron—...
v
preferred—
preferred
$6
4
Jan
R3
Z 3 %.
..
2%
13%
common..
Machine
Washing
$5
Jan
Apr
*
Co.—
4%
Jan
6% May
50%
Of
3%
k Jan
1
Jun
1,300
Sugar Associates—
Electric
Jan
70%
3%
3
3%
*
——1*
10
$6
Clark
~8%
v;i.:
"2%
"2
Feb
10
Assoc
Corp....—
preferred
$5
Easy
3% Sep
150
62
Z:
3"
*
•
*
.
P & L
62
••
78
ZZ
10
preferred BB
Cities Service
.
100
common—
preferred—
preferred B
Ti'u'
:
*
150
100
8%
78
18 % Mar
% May
Z
: Jan
8
Feb
—
common.,—„•
1
preferred series A
preferred series B
$6
Jan
x4%
BW
8%
78
1
Consolidated Mining—...f
Chief
3%
—
5
—25
-5
4
Feb
*
Lead.
Malleable
Aug
107
Jun
2% Mar
10
:
common—
class B
States
$7
N
Charis
Jan
49%
25
Economy Grocery Stores..:
Metal Weather Strip Co..5
Chamberlin
-z.
'
Jan
:Z 300
a
Mar
■
1%
Jun
Xl7l/a Aug
common—
Eastern
Jan
Jan
90
':9&V;Zv 'Av 25
95
100
Jan
Apr
6%
Corp
105
Mar
7
100
Eastern
Jan
Apr
A 72% May
„
7%
7%
zA' 5% Oct
■'
51% May
1%
—
B_
prior preferred.
preferred————.
6%
Jan
6 7/8
4%
170
7%
A 'Fcraft CO:————————1"
Cessna
A-.
Jan
v.4
___10
Gas & Fuel
East
Oct
6%
6
Vz~—*'
Z; Z'-'' 'ZZ
76%
Coal
4VaV»
Mar
4%
'
Power
2 % Mar
7/e
58
Plcher
Eagle
Jan
103'/a
800
:■
preferred.100
5Vo pfd—100
Products
1
Power 7%
Aug
374
Jan
105
Jan
Apr
100
2%
"25
Jan
1
500
Apr
111%
200
6%
6%
Corp
York
42
Apr
7,400
6%
6 Va
of America
1
Hudson Gas & Elec com——*
Catalin
6%
Oct
35 % May
99
10
7%
6%
Jan
2%
300
Feb
90
77/a
18%
'300
Apr
225
SO103
lOS
1%
/ 39%
Corp
Hosiery
Oct
*
Harris Co
Test
Feb
11
Duval Texas
Oct
12
20
5%
38%
103
1
-1
*
common
(JWi
Carter
%
Duro
14
1
Duke Power Co.
Oct
Jan
—
——
1341/2
A Mar
8%
*
Class B
—*
Carnation Co common
*
Carolina Power & Light $7 preferred—*
$6
preferred
*
class
Co
&
May
X19V4 May
*
Products
City
Carman
121
2%
lV'a
v
__
1
Steel
Durham
100
"V
%v;r> 1,200
Oct
Feb
Jan
10%
.
Bridge Co Ltd
Driver
Canadian Industries Ltd—
-
1
^
common-
&
8%
May
6'%
■:■•<■>■
common...
Truck
Draper
Jun
2% Aug
2 Vb Mar
134 % 134 %
Oct
10
...
Dominion
July
-
common
common.
Divco-Twin
5
100
:
1
common
Dobeckmun
Alcohol—
Industrial
Class
Sep
10
10
Products
De
1%
—*
•
1
Foundry—_
Iron
Detroit
Diamond
Jun
15%
-
Jan
1%, May
37
24%
2%
27/u
•
A
11
23%
—
-•
5
100
Detroit
700
8%
14
-—-50
Dominion
25
participating preferred
7%
150
ii*;
without warrants—20
preferred
Detroit
Apr
777/8
Mar
18
-
Feb
1% July
7/« Mar
1,200
*
—i
Ltd
Cement Co
1%
10
7%
~_
—
-1
debenture.
6%
r
,.35
convertible—
A
preferred
Detroit Gasket & Mfg
•
% Aug
100
.
3
1%
—5
Assn
Insurance
Fire
Camden
Canada
Z^v
Sep
200
A
2%.
zz 1%
1
Corp
Tungsten
'.1vt
A
1%
~9»/2
Apr
Aug
1%
Jun
convertible
A
Calamba
Va
15%
Jun
May
;
Mills
Rubber Mfg
Class
8%
California
10"%
2,200
1%
Derby Oil & Refining Corp com
50c
50c
20
10
12%
D
Petroleum
$6 prior
Cable Electric Products common
11%
12
1 %
Dejay Stores——.—
Dennison Mfg class A common—
•;
High
9
Aug
2.50
5
Davenport Hosiery
%
Low
% Mar
4
Jan
8
1,100
Range Since January 1
High
Jan
91%
Shares
—*
common
(Moj
Mfg Co
Sep
61%
—*
rets
Inc
5% Aug
5,700
68%
6%
25
*
preferred
$3
Corp
50
41
Sugar
Curtis
,—2.50
Sullivan
&
41
Atlantic
Cuban
1
Bruck Silk Mills Ltd
for Week
Low
*
10
5
Refining common
Crystal Oil
Sales
Range
Sale Price
16
Par
4%
14
Week's
Last
Exchange
Ended Oct.
High
Low
High
Curb
York
Week
Range Since January 1
V\
1
5
common
New
for Week
of Prices
of Prices
Friday
STOCKS
Sales
Last
Sale Price
Exchange
Ended Oct.
Week
Week's
Friday
STOCKS
York*Curb
New
7/»
100
23
Apr
Jan
Jan
n3
Jan
Oct
30
__
30
Sep
Mar
Oct
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4117
156
*•
•
11«
.
139
NEW YORK CURB EXCHANGE
STOCKS
New
;
Curb
York
Exchange
Mfg common...
Grand .Rapids Varnish
Gray Mfg Co
Great
Atlantic
&
Great
Northern
Range Since January 1
Low
High
21
21
1
3-Ya
3%
500
2
66%
58
Apr
124
Feb
132 %• 1-32 %
100
—
Brewery
70
75-
100
1
3%
Paper
25
28%
,
300
28 %
83
Oct
Jun
27
Jan
35%
Jan
Lane
•
Greenfield Tap & Die
Stores
•
Products
Gulf Oil Corp
Gulf
States
$6
7.
900
7
5%
%
35 'A
25
Utilities
6%
■
common—25c
$5.50
pfd_.
_•
♦
preferred—."
Gypsum Lime & Alabastine
34%" 35'A
24% Mar
3,800
n
loo
wo
-
60
Wells
Class
Ltd
Low
Range Since January I
High
—100
20%
1
5%
5%
1
—
Low
108
2%
2%
Co
17
Oct
3,500
5
May
9
300
2
July
3
2
Jun
100
Jan
1
•
——
!<».*+'
_1
common
5%
Bakeries class A„•
5%
Z.'.V
.
2
'
200
«...
B—
109
Jan
Leonard
3% Feb
2% May
;
Oil
•
2
25
,
H
(Thos J)
Brothers
25
Va
2,800
A
Ve
24 Va
100
.—10
..
Hartford Electric. Light—,
16%
'1:
i.—
ctfs—1
.1
—
Hat Corp of America B non-cot com„1
Hazeltine
Corp
—
5%
5%
1%
Jan
10 Va
Jan
350
*
Jan
Long Island Lighting common—.
13
13
13
Va
Feb
27%
Jan
5
Apr
3%
17%
convertible preferred
Mining Co——
2
1%
50
Feb
Apr
7 7o
Rubenstein
♦
„
Class A—
Heller
■
* "
100
Jan
1
Aug
Jun
14
11
Louisiana
Land
Sep
2V4
Jan
Louisiana
Power
25% Mar
31%
Oct
Ludwig Baumann & Co—
Conv. 17c
1st pfd
Co
lVa
6% Jan
37/8 May
2
common—
Preferred
—
__
—
Products
(R)
•
70%
9%
500
250
Ve
67
Horder's
Hormel
Inc
& Co
*
X5%
15
15
...»
r .'v
i
1%
Lynch
(A CI
Horn
i".
common
Hardart
&
57«
Co
15
11%
Jan
Manati Sugar
3%
Sep
Jan
V 7%
Apr
.•'v,
Jan
Mapes
Marconi
15
Sep
12
Jan
31%
Jan
;
27% Mar
vi "C-
(Harvey) Inc..—-.
Humble Oil & Refining
2%
Sep
3
Jun
21%
"
Jun
107% Aug
—
Hummel-Ross
Hussmann
t
•
—-
I
Corp
Co.
59%
59%
62
1,900
4/:.
■:.!
*
1
common.
for 1st
c
Hydro-Electric
preferred
5
•*
'
&
-
preferred—
Consolidated
*
Mfg
b\-
?
'
'
'
t.
.
'
?
*
International
Marine
Ltd
Co
57«
Div
arrear
'
•
■
"3%
';;
.
Oct
Mead
Jan
^
900
3,%
3,%
(Can)
i7«
V
Tobacco
-
Sep
——*
1%
8%
—
Indiana
55
;
Oct >,
Oct
Oct
8%
Sep
27
Sep
Jan
Jan
Sep
1%
11
Jan
Oct
3V8
Jan
Apr
%
Jan
Sep
■
sa
2 % May
H Feb
3%
400
6% Apr
8% Aug
80
90
—
;
—
1% Mar
Feb
2
126
Aug
18
—'''
—
t"
1*1*51 n
V'"'
'
"'h-'
A preferred
Mar
Jan
37/a
21
Textile Corp
Jan
Jun
100
16% Apr
23'/a
Jan
Michigan
Bumper
2
500
1
Mar
2%
Jan
Michigan
Steel Tube
350
9
May
:
10%
coupon
7% / 8
8%
3,300
8%
5%
Jan
6
100
f
5
...
3%
of
Great
Britain
Jan
8%. Sep
8% Oct
7% Mar
9
Class
Middle
Jan
B
Pipe Line
8%
preferred
'•
4%
900
88%
20
86% Apr
24%
26
30
12
26
10
12
4"%
88
.100
,
:
>
2%
Jan
107 V4
$2
Apr
?6% Oct
Co
dividend shares
...
preferred
International
Cigar Machine.—
Preferred
.
,v
"'Va Mar
14
14
125
r.V 7% Feb
69 %"
70
700
i
11%
America—10
13%
69%' •
100
...—
of
International
'
1
Insurance Co
North
26
100
common
—
c
11%
200
*
55 Va
10
„
Apr
Aug
Hydro Electric—
$3.50
Inc.——... 1
International
Metal
International
Petroleum, coupon
Registered
Industries
shares
Products,
International
A
*. 1
5
•
">;
5
Feb
1 Va
Jan
4%
:>[-f 13
*
5
8V2 Mar
13
12%
;' 300
9
Jan
12%
5%
*'
Apr
3,800
5 Va
200
4
Jan
Oil
Piping
International Safety
Class
Razor
B
*
Utility class A
1
B
Interstate
Interstate
Hosiery
Interstate
Power
Investors
;
Royalty
preferred.
7%
Co
% Mar
2% July
28%
250
jjj-
1V«
2,500
x5% May
100
13 Va
Aug
14% May
200
1%
Sep
2% May
'
v
;
.
'
%
,
';v;
•
»
"
i
.
♦
•
100
% May
—
Pwr
;
•
-
—
Mining
—
Mfg
&
&
Light 7%
pfd
Mississippi River Power 6%
825
44
93%
94%
4%
200
7
100
Missouri Public Service common
Mock Jud
Oct
Oct
:
-
Voehringer common..
% Aug
3%
? 7
2.50
Pictures
Monroe Loan
1
1
common.,,.
Society A
'
1
>
Feb
'
1
V;''
-
?
4
Apr
15
600
Aug
% May
X
1
V-I'
900
300
T
5 V#
.
1
i; 100
V
l
£ 04
Jan
July
1%
Jan
Oct
Utilities—
;
% July
Mountain City Copper common.
Jun
Mountain
Producers
Mountain
States
Sep
aa
10
2%
1%
1,000
'
1
600
25
Jan
U Oct
2%
1%
__
159
159
Sep
Co
V/a
(D
Kleinert
Emil)
<1 B)
Co
Corp
Kobacker
Co
100
.
—
5
<S
H)
1st
For footnotes
,,..
,
-
1%
•
1%
•
-
'
31
30
—
—
Apr
88
Jan
NachmanrSpringfilled
V.Apr
95
Jan
National
1%
•
3,400
"I
200
i%r,
--
•)
100
Jan
8
Mar
5% Aug
*
53
Apr
39% Jan
1
Jan
1% July
1% Mar
i'e
Jan
Feb
2
% Mar
Sep
Bellas
Hess
4
9%
Va
'
—
90
SO
91%
200
12%
Apr
Jan
8%
Oct
Jan
4%
10%
Feb
81
11%
Feb
Apr
114%
Jan
200
7
May
9%
Feb
7%
11%
,
150
11%,
10
IIIII.l
•
common
9%
1402.
13%
13 %
Jun
99
Sep
Feb
Feb
Apr
52%
12 V8
100
Oct
Aug
5%
Apr
Aug
68 Va
Jun
Jan
—
6% May
200
%
9%
6,400
%
*
—1
50
preferred
Container
(Del)—
Mfg & Stores
National
Pwr
<$G
*
*
& Light $6 pfd unstpd—♦
1
National Refining
common....
Rubber
National
Steel
National
Sugar Refining
Tea 5%% preferred
Machinery.
Ltd
*
*
*
*
10
—12.50
National Transit
National
National
Feb
13%
'
2%
Apr
4
Jan
Tunnel
Union
Oil
Nebraska
—
7%
Corp 1st pfd
Nelson
(Herman)
preferred
——
Corp
Neptune Meter class A
Nestle Le
Mur Co
class A
*
100
—-*
5
*
*
Oct
Oct
20
Sep
11
Feb
13%
Sep
Aug
200
11
Jun
14%
44'%
50
39
Jan
45
9 Va
600
8
Apr
10%
Jan
9
9%
2,500
8% July
10 Va
Jan
13%
9
.
l7/a
Jun
May
Jan
3
76%
78
450
68%
Apr
95%
Jan
71
72%
160
62%
Apr
93
Jan
1%
78
Jun
6
6%
900
5%
Jan
21 Va
Apr
6
1
1
1
I
~8%
00
r-t 0
100
7 % Mar
2%
Oct
7%
Jan
25% Aug
Jan
11
7% Mar
7
of
10%
1,000
2%
2 Va
100
10%
10 Va
100
Aug
9
Jan
10%
Sep
2% May
4%
Jan
% Aug
1/4
Feb
9%
Aug
11
102%
Sep
113
Aug
84
Apr
4
30c
Radio
Co
Power
*
Mines
&
%
Apr
9
13%
44%
*
National
Car
,
common
preferred stamped—
9%
Jan
18%
1
1
National
Navarro
50
13%
11%
5
57
—
—
1
common
National Fuel Gas
Nehi
100
Feb
5
May
99
Oct
7% July
100
8%;
Sep
7%
2
8
May
9
30
■
110% 111%
9 Va
9%
110%
9%
—.—.* " ■' L-i
—
convertible
National
.
preferred
page
Jan
July
100
'10
116
19
20
,
1%;
1%
Jan
27% Mar
■
..
Jan
Jan
4
■
1
Co
see
V
•
special preferred.
Brewing
'
'
'
—
IZIIIIII*
Inc..
Koppers Co 6% preferred
Kresge Dept Stores—
convertible
*
Oct
2%
Sep
N
81
6
■
~I~10
common
Stores
'
100
6%
1 Va
6 Va
1% May
1,000
.
Jan
May
111%
'
Oct
Apr
60
$3
\
1
common
July
% Aug
——...—*
common.,
preferred
National
6 %:
100
Rubber Co
Sep
20
Feb
5% Aug
300
V/b
5
5c
10
:
common..—*
Mountain States Tel & Tel—...100
68
5
IIIIIIH" j
IIIIIIIl-
6
18
15 Va July
00.
Power
61
w.
Feb
1% Mar
163
700
1 %
1
—
—
Feb
Feb
152
50
159
' I Va
Oct
9% Mar
15
,
Ward A._
& Power
Moody Investors partic pfd
Moore (Tom) Dist stamped-—
Mtge Bank of Col Am shs—
Aug
5%
30 V4 Mar
.
Aug
23
7% July
Oct
Mar
100
66
66
Lamp A.
—IIII«:
Kings Co Lighting 7% pfd B
..100
G M Co Ltd
.r
18%
2%
1
&
Kirkland Lake
5
18%
preferred—100
•
-
*
—1
7%
K
Petroleum'
7% Aug
1
18%
■
Products..
Jan
6,700
Dakota
Candy Co
National City Lines common
preferred D
4%
19
4%
5
—
Molybdenum Corp.......
National
Kingston
Apr
1
1
Monarch Machine Tool——.—......—•
National Breweries
Ken-Rad Tube
3V»
77a
10%
Jan
5
.
15%
100,
J,
July
100
%
„
103
17 Va
a*
Jersey Central Pwr & Lt 5 '/a % pfd—100
6%
preferred
100
Inc
Jan
May
"
17 Va
%
Jeannette Glass Co..
Kennedy's
82
44 Va
Oct
•
6%
Kansas Gas & Elec 7%
Feb
May
90
40
4%
94%
pfd—100
% May
>•
32
67
42 V2
*
100
Jan
700
1%
*
125
7
6%
Montreal Light Heat
r
Jan
14'%
Montgomery
8%
Jan
1V4
1%
Montana
13%
Oct
41%
6 Va
—
Oct
8%
15
Sep
% May
24
Feb
13%
13%
Sep
Jan
8% July
11%May
27%
Jan
Mar
Va
4
Feb
8
10
% May
Sep
'
500
2,900
14V4
1
Mining Corp of Canada.—.—..
Muskogee
a
4
.
6%
.10
...
:—„_—
Muskegon Piston Ring—.-2 Va
preferred
Jun
-r'f
lVa
Supply.——__„•
&
Murray Ohio Mfg
\
2%
31
•
Co...
5% Mar
h Apr
7%'
1
(F L)
3 To
8%
Jun
6
Aug
22% May
4% Apr
300
*
Superpower A
Feb
Oct
4%
100
1
Air Chute—
Jan
% Mar
.
6%
200
8
*
Irving
1%
700
■
...•
Iron Fireman Mfg voting trust ctfs
Jun
»
aa
•
29%
29%
1
I
Mills
$7
Jan
%
15
*
Equipment
July
4%
29%
•
iu
8
*
;
preferred
Home
1
—„•
*
$1.75 preferred—
prior
2
—-
50
Minnesota
5Vt Sep
w Feb
*
Apr
100
3%
%
.
—
*
Refineries
Monogram
International
Feb
Jan
,
v.;,-
Minnesota
2% Aug
1 Va Jan
12%
Apr
Aug
"'
*
Jan
12%
12%,
Midwest
Mid-West
Aug
Jan
30
106 Va
__
3%
—
•
1 Va July
777/s
12%'
shs—*
—
1%
1%
70Q
2%
1% "
Va
500
150
2%.
2%
——50
Industries
International
series
/•
Vv 17%
Jaii
400
7
—
3%
Vff
3%
•
common...
Midwest
preferred..
Industrial Finance v t
6'A
—
-v -
Abrasive.—..,
Mid-West
Oct
26
l7/p
Sep
V*
Corp $2 conv preferred..a
non-cum
Mldvale
Jan
Apr
6V4
—
1
-J
Jan
Mar
1% July
600
%
%
5
common
%
115
Midland Steel Products—
12% Aug
4% Sep
Apr
88
—7%
<?%
Corp
l'-t;
V-
%
.1
t c„___——
v
West
1%
26
■
..
300
19
—*
...—...
" ™"'6%~Apf-~
99% July
—
Petroleum class A v t c.l
Middle States
7.,; ■.
Feb
Mar
3%
_1
&
£1
...
■7
2.50
Corp
Sep
\l Jan
—
——10
Micromatic Hone
Oct
29
Jan
1,900
:—
—
13% Jan
-2% Mar
•
-
—
1
*
Corp—
Preferred
£1
IV4
3%
A Mar
94
-r—.
15;;
Metropolitan Edison $6 preferred
7;"3%'
25
25c
—
preferred—:
Jan
Oct
.
101
101
1JA
1%
—
V
2,70<r-
~
Jan
22%
25
22%
'
2%
'
—
4%
5 ***
V.-.r.'
100
1
:
22Va
22%
Scott.——LI—* "*
~Memtr'Chapman" &
;
—
—
*
"%
10%
Indianapolis P & L §%%. preferred-100
Kreuger
July-
200
lVa
8%
111 % 114
—
5
Participating preferred
% Aug
3Va Sep
%
-
;
Indiana Service
Kress
3%
2Vt May
—
——
common——
Merchants & Manufacturers class A„1
Feb
9%
Jan
•
4 7o
Jan
8%
100
11
—
'
Stores
A May
*
Ireland
Knott
1
1
11
—
CO—
&
Johnson
Midland Oil
Imperial
Klein
Jun
8%
—
—
—
21
2
Registered
Kirby
Mar
50
—
—
B
Mig
6i
600
va
21
•
Imperial Tobacco of Canada
5Y«
Apr
23
%
10
■:
Dredging—..
Memphis Natural Gas common
Mercantile
Mar
.6
■% Aug
2
Jan
—
va
—
Co———.
Imperial Oil
17c
--
—
*
KHUiator
6 Va 7c
50
;
dep rets regis——
Jacobs
12
Jan
1% Mar
1,900
1
Massey Harris common....
5%
--
—
*
.*.
McWilliams
% Feb
4V4
:: —'V-
•
Imperial Chemical Industries-—
Italian
Mar
Jan
'-1 '■>"
..
certificates
Zinc
$3.50
Sep
600
%
3%
55
..
*
Michigan Sugar Co—...
j
Jan
12
■■/•ih)
Com-
Steam Shovel
Participating
7 7e
102
Sep
'< 24
—
Mass Utilities Association v t c.
Metal
Iowa
Powif
convertible prtxerred
7 %
May
12
■
♦
Co..
Jan
62
..
%
3%
55
—
...•
Co
Messabi Iron Co..
Am
2 Ve Mar
4% July
16%
—S:
1
(The B)
munication
Wft
•' % 't ;
Illinois
•'
'.V
—,
;
:
Apr
Jan
300
istf
1
Securities
-
;;,j—-
Hygrade Food Produets~™~T;-——5"
Illinois
Jun
Apr
93
—
0
5
...
15
2% Aug
.
vi/:
—
t c—...——100
v
V. 112
46 % Mar
~<+
•'
■;V
Yv.
1%
3%
8,600
10
•
Margay Oil Corp
Aug
27%
:
12% Aug
5'
—.
Feb
Sep
'
Huyler's
V
Fibre
Ligonier
■'..
5
Oct
Feb
23 Va
7,
•4%
100
optional warrants
Stores
convertible
$5
Mucoid
Hubbell
&
Mangel
17%
.
Marion
■'4:0
..
1
24%
13
Feb
88%
Oct
12
30
s'-V
100
,
M
Oct
Oct
5
V
150
*
31
.
Vfl May
14% Aug
625
1,700
.
:>
—
4
4%
1
July
12
0; :; !M31
*
-
Exploration
Light $6 pfd—
common
Manischewitz
2,700
1
preferred..
&
1st pfd
Corp
■
Horn
20
Jan
Jan
5
t 12% July
V;
--
"
common
24
65
.
X5%
5
—....
(Geo A)
21
19...
8%
Jan
Jun
9 Va
—
—
.
V
M
6%
Apr
1 % Mar
—
Feb
Apr
Jan
3% Mar
70%
9
..10
Hollinger Consolidated G
Holophane Co common
Jan
10
5%
;'
•'"Z.
•
—2%
—
20 V*
19
5%
550
V
%
l"tS'
21
'
—
& Co class A
10
■
20
'
Hildick
I'
7
-
Aug
6
25
—
Henry Holt & Co participating A—*
Hewitt Rubber common
5
Heyden
Chemical-.
10
Hoe
k:;:
I1-;1-!'.
I WW"
3,100
>
■
Oct
Jan
1,800
.
*
7
•
3%
7% Aug
Zv
6%
6%
100
i
20%
Conv
Helena
Feb
16
'
'
50
-
100
preferred class A
preferred class B
Loudon Packing
67e
14% May
,
300
5 Va
4%
:
—
,
31%
31%'
■
25o
\l
1%
2% May
300
"
6%
Hecla
46
•
Star Gas Corp
•
5
—
;
900
•"
r
19
Apr
May V:
% Jan
1% Aua
•
6%
Apr
% Mar
,
•
Feb
Jan
13 V*
V'
5
Lone
5
July
i«
'
•
Jan
Apr
2% Mar
4% May
Feb
40
'
^
600
3
17%
v
Hearn Dept Stores common
w
V-v*
1
I',"'
;
3%
15
.
'•
-'I
«
...
"i-
S"
:*
1%
•
100
150
16%' 17%
—25
Hartford Rayon .voting trust
Brewing Co—.;
Harvard
4% ,r'
4Va
5
—
Paper
13%
Jan
20
preferred—25
Locke Steel Chain
Co.—.
Feb
3% May
'
Lamp
Hammermill
6%
Oct
7,900
24%
5
.
Inc 6 7o
Oct
July
9% Mar
4%
4%
1
common—
Jan
102
2
Z
'•
mm*
4%
Inc
Jan
2%
1%
*
*
Material Co.
Lipton
Lit
(R G)
43% Mar
5% May
13 V* Apr
1
Development—
Le Tourneau
*
170
6%
2%
,
100
Convertible preferred
Lehigh Coal & Navigation
Jan
Line
Hall
High
21%
20
5
Lefcourt Realty common
35% Oct
.
Apr
92%
•
—
Shares
1% July
Apr
91
:
7% Mar
Jun
Feb
(N J)
Langendorf United
■
Grocery
Shore
Lakey Foundry & Machine
Lamson Corp of Delaware
Lane Bryant 77o preferred
134% Jun
A
RR
Mines
Lackawanna
Jan
Jan
ie
for Week
Par
Lake
67
Sales
Range
of Prices
Friday
Jan
Tea—
*
Week's
Last
Sal© Price
Exchange
Ended Oct. 16
4% Mar
May
275
3T'b
29
3% Aug
'
Curb
York
Week
High
19% Aug
100
w
5
.
STOCKS
New
Shares
1
Pacific
York
New
Low
10
Non-voting common stock
7%
1st preferred-...
Greater
for Week
of Prices>
Par
Gorham
Sales
Range
Last
Sale Price
Week Ended Oct. 10
,
Week's
Friday
■
—1
84
2
Vi
6% May
1
Feb
Mar
Feb
Aug
V4
Oct
8% July
1%
Oct
THE COMMERCIAL & FINANCIAL CHRONICLE
1400
Monday, October 19, 1942
NEW YORK CURB EXCHANGE
Sales
Last
Range
for Week
Bale Price
of Prices
Shares
Friday
STOCKS
Curb Exchange
York
New
Week Ended Oct. 16
Low
Par
New Jersey
Zinc
—
Co common
Auction
Y
N
"
■
Jan
68 Va
•
:
'
11
//
20%1
1
99
1 99
,
21
50
.77
:■
—
' 'v-
■
—
11
Oct
100
Jan
16
28%'
~lVa '
Niagara Hudson Power common——10
———100
7" 5-% 2d; preferred—...—.——.—.100
Class A optional warrants..———
•Class B optional warrants—...—.
5%
Niagara Share class B
Class
.
-10V4
.
%
/
.
.
Texas Oil—i.—-1—5/
■
4,400
25
...1———*
Corp
17
-
-18
-
Petroleum Co——i—
May
'
102
9% May
6 y® July.
1% Mar
11
18 %
Mar
Oct
$6 preferred—i—•
preferred—...—...—100
Ohio Edison
Ohio Oil 6.'/c
preferred.——.100
Ohio Public Service 7% 1st pfd
100
6 fo 1st preferred——
—z,—100
Oilstocks'Ltd common——/.
.5
.•
,
"K"'
T."""
r;
•
y
14
81
170
76
Sep
103
104
93
100
91%
A
Class
•
—
Oliver United Filters B————* ;
- •—
Inc..——.———T—...—1
12
Apr
"3%
;/-/,_.y 'v
.
"3%
2%
2 %'
'
.
:
;
«
.
Aug
.
7. Jan
17
y
48
T
:*
3%
lor
1%
preferred—.100
110%
Dome
Oil
Co.—..———
United
..1
Corp common—.
1 Jan
3
Jun
108
1%
"110%
2%
400
2%
2%
Mills.....—_—...
1% Jun
Co
common-——..—
./...»
10%
10%
10%
25
$6
Electric
10
200
600
common.———.
•
18
18
29%
37
•
7 '
8 V®
100
•
112
Brook Water Service
preferred./..—
*
Steel
Co
_«
common.——.
■
-
29
100
-
/7.~~V/7.
•;
7
7
7%
ft
ft"
400
4%
4% 7
700
Pantepec Oil of Venezuela Am shs
* 4%
3%
4%
fV- ftftZ'ftv// ftft.'c*
Parker Pen Co—.—
/
—
27%
'7
■
•
Telephone
Penn
Traffic
•
common..
Co.
—.—
—12%.
common—1
y.
—
-y■■■
4
9%
9 % " 9%
Pennsylvania Edison Co $5 series pfd.*
$2.80 series preferred—
*
A
Penn
Gas & Elec class
Penn
42
23
Power & Light $7 preferred—*
preferred.—
•
$6
Penn
Penn
com
23
64%
63
/"
—
*
..
..100
—
1
" *
,4%
10
Oot
56
Oct
30% Feb
%
Sep
Oct
105
.Jan
Oct
100
Jan
75
7100
125
Apr,
175% Jan
2V2
41/a
Jan
Oct
Jan
50
Aug
Mar
96
Jan
20
Jan
22
Feb
1%
'600
.
4%
81
36%
..
400
Apr
3% Aug
May
3
Electric Power 5%
Phillips
Packing Co
Phoenix
Securities
Conv $3
pfd
—25
♦
'
7 " 4% Oct
31% Feb
29%
.y/y
—:
1
common.—-——-1
...
5%
preferred series A—10
"
y41
Jan
4%
Feb
2,800
3% Mar
6 V®
Jan
450
31% Mar
77 .;
76%
common..*
Pioneer Gold Mines Ltd*——
_.l
8% May
7 -7 % Oct
.10 % July
41%,.
41
Pitney-Bowes
Postage
Meter./—
& L E RR
Pitts Bess
Pittsburgh & Lake
" *
•
J2
37%
:
2,900
Metallui'glcal.—.—*—*.10
Plate Glass/——25/ 77 '
Valley Wine Co....—
.1
*
100
1.
37%.;.
25
46210
.46
4% May
37
Jun
55%
1,200
y,
43
Jan
v
63% Feb
12
Jan
Feb
78
59 % May
Plough
Inc
Polaris Mining Co
*/
.
'
Premier
2
7
Jun
71/®
3% Feb
Oct
200
Inc
Metals
/
•
....
*
Apr
6%
-
7%
•
'•
t.
*
V
,7t .1% Mar
6(/b
7
'
-J
-
.
19%,,-
1
,34
X
■'
t33■Jan.
.
,
it
,33
Jan
7
$3
convertible
preferred.../.—_.—*
7
y® Apr
4% Sep
Jan
.7%
61/® Mar
,
Feb
of Colorado—
Amer
—,—^^.100
..
y
Puget Sound Power Si Light—
$5 prior preferred—z—
xl09% xl09%,
•
"•
96%
20
.
106
20
130
Apr
109
Feb
Apr
111
Mar
Solar
2%
Aircraft
Co.————1
Co..—.—/
1
Sonotone Corp—.1'
Soss Manufacturing common—...1
South Coast Corp common.—/.—.—.1
Solar Manufacturing
South Penn
Oil—Z——
Southwest. Pa
Southern
'
400
2%
"2
1
Pyle-National Co
common
Pyrene Manufacturing.^
»'
'
For footnotes
see
page
47%
•
;
__*
50
101% 102
8
/
—5
.—..10
1402,
-44% .47%.,-
8
,t
:
+_f.
,
.
8%.
,
7.V
...,y,V.
87
Mar
3,750
35
Jan
52%
900
8
Sep
16 V2
<:
Aug
17% Apr
2
Mar
182% Oct
2
May
3
Feb
103
8% May
6% July
Feb
Feb
Jan
8% May
:
7.
1% Jun
v'-
"
7. V7
Apr
1%
•
2y® Jan
Apr
;2% Apr
lVz Sep
1% Jun'
r
400
1% Oct
|jf "Jan
'
200
~3%" "3%"
3%
Oct
'
27 V2
—.10
Apr
36%
25
800
36%
36
————25
Pipe Line
California
"2
Jan
27
Mar
42
Jan
Oct
Edison—
original preferred—.:—.—25
6% preferred B._—25
5 '/a % preferred series C———.25
Southern Colorado Power class A—.25
30
40%
41
28%
5%
28%
26
26% 7
30% MaY
i
100
24% Mar"
1,000
23% Mar;
% Feb
29
Aug
26% Jan
1
July
*
26%
%
7
100
Oct
42
Mar
May
39
px*eferred
:—100
Southern New England Telephone
100
Southern
Phosphate Co....—/.—10
Southern Pipe Line..—.107
122
Feb
*
105
5
6%
6%
6
100
•
Sep
6% Jan
Jun
.
7% Mar
'
7,5%
1%
1%
21
21
-
6
1%
100
21%
210
5
600
-
2.78
common..—1
preferred.
——10
Standard Dredging Corp common.
1
$1.60 convertible preferred..
20
Standard Oil (Ky).______————10
Standard Oil (Ohio)1—5% pfd.../—100'
Standard
Brewing
Co
% Jan
10
May
.
1% Oct,
.
23
2% Jan
% Jan
1% May
ft Jun
V®
...
Feb.
600
12%
200;_
9%
11%
11%
so.:
1%
Convertible
2
3% Jan
14 /
Jan
7.27, Jan
12 % Sep
Apr
1%; Sep
109%'109%'
10 Va May
,
25"
10
t
.
14% Jan
Feb
103
"1,300
-11%" '12
*12
% Mar
,,
1 %>Aug
12
Standard Cap Si Seal
Sep
y • 1/64/ Jan
1/64 Jan
100
Sep
61/® July
Jan
■i- '■
2% -7 2%'
♦
....——*
Inc..—
29i
r:7 23Vi"May
preferred A—/——
Spencer Shoe Corp—-
2% Jan
1^; Aug;
Gas————————*
25
Southland Royalty Co.
...—.-—.5
Spalding (AG) & Bros.——....—1
1st preferred
Spanish Si General Corp—
Amer dep rets ord regis....—/——.
8%
Standard
Power &
Light
V®
—.
Common class B———_..
..
-preferred.
Standard
Apr
Products Co—
--.v7
; 16
50
16-
110%
Fob
18%
18 y2
1%
class B*———.1
Feb
1st
,
19% Jan
4% "Mar 7
.
i-ra
5% 2d preferred.....*.—*
Sterling Aluminum Products..—
Sterling Brewers. Inc—./
iV®
100
100
8
2%
.1
:.50"
—.20
1 •
1*
300
z.2
■
2%.
6%6%
.ft Mar
Apr
9% Aug
7
Aug,,
.'Oct
7
6%
Oct
Apr
46
Apr
Apr
31
Oct
4%h Feb
ioo
m
ii-Jan.
V®, Sep
2
Sep
ft, Jan
%
46
& Co common—:—
preferred..——//—_.I
.
100
*
6\i Oct
21
13%'Jan "
500
"20
9%" * 9%
VI
trust Ctfs*_l
Sterchi Bros Stores...*
6%
iug,
'
May
12
y®. Oct
V® May
,
300
Steel Co of Canada—.
(A)
fan
^
...
Standard Steel, Spring:.—....
Starrett (The) Corp; voting
1,600
••/f'Tvt
__
...————-.
Standard Silver Lead
Stein
,
—
9% Jan
Apr
1%
—
& Elec 7%
"
.$6..preferred—
Puget Sound Pulp &- Timber.
-11
"
180%
178
£1
pfd—100
dep rets ord regis
Sioux City Gas
Standard Tube
.100-"r' "
1st preferred...
1st preferred—
Jun
115
15% Apr
1
July
,
Simplicity Pattern^ common.———...1
Jan
4% Feb
3
..
78% July
\-
Jan
Sep
Apr
2%
.
200
■,
■,i.„_..y/,'-y, „•'
.-,rn,,,
2% Jan
20
Feb
A May
100
^
Oct
Feb
% Mar
500
j,t.
\
,
4 V®
4y4
,
Jan
r16 %
_
1
.3
-
Jan
'
350
"3%,
3%
,
13
2% Sep
■
18%
common—i.......^_*
yt V
—
7
8% Apr
8V4 Jun
Apr
600
4
4%,'-
.
....
7
,
3%
4
,
.
"
Prosperity Co class B—————•
v
0
■
l"
—
Producers [Corp of Nevada—l.i
Public Service
%
y-
.
..
..
•
vL*
•
of America—^,
'providence' Gas.
jL.
■
"
,...
i
•
4
;
Gold Mining,
Prentice-Hall
Pressed
.,r_*
/—.5.
iTi*
Pratt Si Lambert Co.
8%./ 8%
7'
.^...5
&
Alexander|_—
Power Corp of Canada.,
I
...
10
.—.25c
...
common..—^*
Potrera Sugar
Powdrell
*
common-.————17.50
Scale, common—**^_///
Feb
Jan
11% Oct
6%'Sep
8 % May
110
Co.
Stahl-Mej'er
Pneumatic
5%
4
Sep
9% Feb7
Oct
—
..
,
Oct
Apr
9
76% .78
1% Jan
7w 5%
Oct
46
..
Pittsburgh
Pleasant
•
5%" 5%
46
Pittsburgh
" 9%
%" *
*
' "
"
.50
...50
rr...
Ri'ie....**..^
9%
7
—
4% May
;
2
commoh/./l——
Simnwns-Boardma'n Publicatiqns-rSilex
Southern Union
PierceGovernor
% Apr
4% -'Feb -1—- *
1,150
77
41% Oct
100
6
Apr
3!/a
7—■
5%
Feb
45
Apr
*
2%
T/o
Phila
-
Feb
55
500
72%
45% Feb
-
Apr ";
y#
Sherwin-Williams of Canada/—/.—*
.4% Oct
Apr
•fV jMar
y"/.:/7-4y;Vv"' •—7'
' 3%
400
Philadelphia Co common...^,...——..*
Jan
31% Aug;
Oct
23
3 V2
—
7
30
59%
„
....
Pharis Tire & Rubber..
Sep
70
145
148 ,
4%
4%.
47
48
7
145
v Se p
'
79
May
5%
670
-
ft July
'*2% Oct
'
*•'
Apr
.4% May
14 Sep
'
68.
Jarf^i,:i
Mar "
Oct
4%
12
'
21/® Sep
.
ft
100
—
72%
Mining....———5
Jan
39
25
59% "63
_,
38
'if.
Singer Manufacturing Co——.—100
Singer Manufacturing Co Ltd-r-
' 175
7 ■'
67%
Sugar Prop common..20
Penn Water & Power Co—
»
1
300
I
Sherwin-Williams common....//.—.25:
5% cum pfd series AAA————100
29% July
16,800
42
"23
Denn
.....
3% May
4% May
800
7.--':
—
Salt Mfg Co.....—50
Pepperell Mfg Co...
Perfect Circle Co
4% 1
39%
•<
Shattuck
July
.
4
Penn Cent Airlines common.——.1
Sentry Safety Control.———1
Aug
24
..
Pennroad Corp
'
11,400
7 38
3% May
—y
'
4
2%'
45%":
% Jan
•
?
■ft Jan/./
1%
—.—
13
Feb
—
=
„
2,200
Shawinigna Water St Power.....—...*7
10
—
7'
A.i——25.
$1^40, preferred
Allotment certificates
Serrick Corp class B_..——
Seton Leather common.
'
—
Parkersburg Rig & Reel——...—.....1
9 ; V t 8% ' 9 ;. * /
700
Patchogue-Plymouth' ..Mills———-—*' '4;'
Peninsular
9%' Jan
A Apt
44%
4% Jan
3
:'y^.-
...——.10
ff
Jari
69
»
2% Mar
8% '
y®
■
"'7
"
—
%
25
8?
Feb
3% Oct
2% Aug
11%
Jan
98%
Apr
-11%.
.Aug.
29,500
; f~-
Aug
Jan
90
.
.
Oct
400
97% 98 *■•■/
200
:
78 % "78%
lfl
3%
3
3%
300
'7 7777 —>/
' ft—77" --ft
1
July
30
•-iZ:/? ../
—
—
Motors Corp—
Paramount
"9
22% Mar
•
'
1
Oct
7
X9
% Mar'^": 1
U July
Mar
26% July
7 7 36
100
27%' 27%
ft
•
-
16% Oct
26%
July"
% Sep
6
600'
;
17
1/112%'Mar
i&y
37
2%
8.7 Oct,
24% Apr
Jan'
'Mar1
'
Scullin
i
v16'" JarrT
60
Apr
%' Oct
"f
19 V2 May
ill
10
"
Oct
12;
Apr;
Scranton Spring
$6
ft Jun
? % Jaii
7
ft Feb
100
26%
112
'--a'
■
Lace
26 V®
'
1 '
— —
»
preferred..
16
16
16
.25
Scran ton
3% Jan
•25
Apr
% Sep
.
30
Sep
% Feb
19
%
Schiff
>2%'Feb
•
p
29%
%
8% May
2% Jan
120
Jan
Oil" Co...//.^——..—..5
Savoy
Selected Industries Inc common.
—
Feb
;
Sep
l5/® July
*
Selby Shoe -Co—..——...
—}7-Z;
Oct
H
7
105
175
■
—
; 3%
Apr
1% Aug
7,700
l
4Vr Sep
4% Jun
Apr
' May
4% Sep-
1%
"
Co eommon——_——•
Pacific Gas & Elec 6% 1st pfd
—25
5% % 1st preferred.—.—..
—25
Pacific Lighting $5 preferred——.*
Pacific Power & LighMF% pfd—100
Pacific Public Service—
/—/—.
—.*
$1,30 1st preferred.——•
Oct
Feb
8 % May
.1
; s
Jan
5%
v4 July
200
% Sep
Seiberling Rubber common..—
Pacific Can
53
•'3% Mar.
Feb
3%' Jun1
'
600
3%'
'
•
Jan
715
Oct^:
2%
300
1%
Sanford
Jan
111
300
;
,
•
-13%
-200
Feb
15
36% Mar*
'25
"
pref.—..——.—50
Feb
7
166
:
$2 conv
Feb
98
-
95
107
:
3%
.—•—1—1
110
••
40
107
2% Jan
-
15
7 3%
3 %'
Jan
10
;
4%
Apr
9% May '
200
47
15
Paper common.——.5
"Scranton
'
....
Jun
1%
112% ,Sep
Apr
.'Sep
5% May
:
Jan
,112
91
7
Feb
.100
.
Mar.
60
93
17%
Feb
100
210
:
- /v-"-"-7-
preferred.—.—7——-——50
$51/3 cony prior preferred.,,—'.
*
-
Jan
110
,—
$3
Overseas Securities——
125
107% 108%
"
7—.
Oklahoriia"Natural Gas common——15
Omar
I6I/2
v
*
Ohio. Power 4 % %
■■
16%-
y
2% Feb
1% Jun
5,400
80%
Ohid Brass Co class B common..——•
46%
—*
Jan
2
St Lawrence Corp Ltd—.—
7 %
2%
9%
•
100
12%' 12%
——.——.2%'
..1
Ryan Consolidated Petroleum.1.—
—•
Ryerson & Haynes common..—..1
Samson
2%
200
Ryan' Aeronautical Co—
Salt
2%
100
2% 7
Jan
12% Mar
,
7y4 Apr T
Jan
Apr
0
common—..—.——.—4
10% May
/
-
St Regis
Ogden Corp
2%1
2%
95
Jan
108.
.
300
;
2Va
1
% Jan
-
May
70% Oct
Jun
77/® Jan
300
100
8%
x6V4 Jan
"1
July
"
y® Jan
<
preferred————20
j;; 32
:
•
ya Mar
77
8%
11% Oct
5% Jun
-
200
S3
11% Feb
5% Jan
Apr
•
Jan
'
"
$1.20 convertible
1,000
300
5%
-
%
1
-
pfd D—..100
common
July
9%
5V+
Rome Cable Corp
52
72% Apr
91/4.
100
300
IS -;
Pendleton Inc.—..—/—•
Roeser &
Jan
87
./—i
i .i
ft
9% Jan
10
Jan
ft
•27/® May
-
6VH '
%'
Rio Grande Valley Gas Co v t ,c—1
Rochester Gas & Elec (5%
50%
70
25
700
*
6%
Radiator:.—.;—..X1
l1/®
18 V4 Mar
Apr
Apr
1,800
;
—
Richmond
10
.
800
11 % V
10%
14%
Sep
16% Apr
51 V% Apr
2% Oct
1% Aug
y4 July
900
S3
Russeks Fifth Ave...
3% Jan
1,100
1,500
4 V®
Sep
Oct
%
17%
10%
Root
%
2%
%
ft
Royal Typewriter...
Royalite Oil Co Ltd/.,.—
3% May
2%
•f
16%
3%
Oct
—
1
27/«
ft Jan
41%
Jun
12% July
45 y® Aug
•.w
Oct
6% Feb
:
Jan
Feb
.
8% Apr
%
Apr
40
•' 1v,
-.
%
y:V
Jan
Jan
70
150.
:
May!
4
:
M
10%
Oct
%.
Apr
May
8% Apr
100
Reliance Electric & Engineering——..5
Republic Aviation—————1
Rheem Manufacturing Co
1
Rice Stix Dry Goods—
20
51%.
139
11,300
6
—
Jun
Jan
56
10
%
ft
6
Reiter Foster Oil Corp./—*...50c
20
v
20
69
%
Co.—.
88
400
6pfd.lOO /.
preferred———100
• *—
Northern Pipe Line—
———-10
-i,
Reed Roller Bit
Apr
15% May
15% Mar
300
20 V
High
R
Radio-Keith-Orpheum option warrants.
Railway St Light Securities
Voting common—,
—.10
Railway & Utility Investment A—.1
Rath Packing Co. common
10
Raymond Concrete Pile common—*
$3 convertible preferred—..
*
Raytheon Manufacturing common—50c
Red Bank Oil Co—/—1
%
:
Low
>■' ■":■'■■■
■
3%
Apr
50
75
C
20
7%
Novadel-Agene
.i,
,—5
Roosevelt Field Inc.——..5'
^ Feb-
.
Nor Indiana Public Service
Northern States Power class A—.
14% ,Jan
.'•5.% May
2%
68
Jan
Jun
200
191/4
-
2ys Jan
90
Apt
8%
y® Mar
.
2% Mar
100,
19%
%•
1/128 Mar
ft Jun.
*
.
%■■
66%
■>,
:
RR Co—.1—50
North Penn
Jan
.4,300
51%
American Utility Securities./—•
Northern Central
% Feh
?
.
Feb
69
53
5%, Sep
% Feb
3
1/4.
prior preferred——,j——50
North
500
%
.
3
——.z—1
North Amer Light & Power common—1
.
—
- $0
preferred./,————
-<—* 7. —'
North American Rayon class A———
'
Class B common—.——..Ji—.——•
20
1%
Sep
1
———~—5
Mines.:—
28% Oct
Apr
Oc,t
200
10%
10%
-
Mar
21%
:
86
Electric../—.—.
Noma
77
%
Jan
7
.
1/256 Mar
V® ■/
2%
————*
Nineteen Hundred Corp B——
102 '
r
37.,
„
50
'L—
7
y®.
25% Jan
.
,
7/® Sep
14,300
.1,6.75
—.—.—.-100.
Nites-Bement-Pond
Nipissing
24%
.
19%
20
27' ,7"
common——5
preferred
A
24%
.
iy»
1
42%: 44
44
preferred
1st
1
28% 7:
Jun
Apr
6y« July
'
•
—
——
91% Jan
May
94
150
'7'
j
Feb
Jan
7%
7, 74
250
.7
100
18
Range Since January 1
High
69
Apr
81l/a May
120
85 Va
7
100
94% -
85%
94%
--
11
93%
11
Power
$6
2%. Feb
Jan
11 y® July
550
15%
15
3%
1%
-.
—
15
2% Mar
/
—
..
Shares '
144% 144%
1% Jan
Apr
.
Q
69
Quaker Oats common../
•
67V preferred.————.100
Quebec Power Co.—...
Jan
Apr
iy«
Low
Par
'
& Light 7% preferred—100
preferred——!*.
N; Y Shipbuilding Corp—
Founders
shares
:
—»——-1.
N: Y State Electric & Gas $5.10 pfd-100
New York Transit Co
.—5
N Y Water Service 6% pfd———100
Y
4% Oct
Apr
12
100
Range
of Prices
....
101% Jan
,.
Sales
for Week
Last
Jan
7y® Aug
Apr
10% Mar
700
1% 7 1%
Merchandise-...-—,z—_—.—10
Y
N
N
Apr
50
— —
Y
N
3
'
'
61%
59
City Omnibus warrants—
—
Y St Honduras Rosario—-——10
—
80%
Week's
Friday
Sale Price
Exchange
.1% Jan
30 Va
71/® Aug
.
200
7
*
N
—
240
.
4%
.
.
25
——
—
86%.
/: 4%
4%
19 V*
600
—
84
86
Curb
Ended Oct. 16
Week
High
«(,% Apr
——
22
21%
22
—
& Arizona Land———__1.
Mexico
Low
7'.
York
New
Range Since Jannary 1
-
High
7__
England Power Associates——.—*
6%
preferred—
——100
$2 preferred—
———*
New England Tel Si Tel—
;.100
New Haven Clock Co
———
.*_
New Idea Inc common—
•
New
New
STOCKS
Week's
•
3% Jan
.
",'.35% Mar
8
Apr
-G.y2 Oct
l%7Mar
Number- 4117.
Vulume,156.
Friday
STOCKS
,
*
THE COMMERCIAL Sc FINANCIAL CHRONICLE
.T.-
Sales
Week's
'
'
Curb Exchange
New York
Last
BONDS
.
for Week
Range
New York
Curb
Week
Ended Oct.
(Sale Price
16
Par
Sterling
Shares
Range Since January 1
Low
High
%
100
%
3
—♦
Co common
B)
Low
.——1
Inc—,
Stetson- (J
'
3
11
(Hugo)
Stroock
(8)
Machinery
1
Jan
3y»
Jan
2%s
% Aug
12%
50
8'A
Apr :
13%
11%
200
9%
Apr
12
or
Sep
Botids
Friday's
Range S£nce
_Jainuary 1
Sold
JSale Price Bid & Asked
No.
High
s
f
debs.:
s
3%s
s
f debs—.—-——
.1960
f debs—......—ii—.1970 '
......1950
....
J-J
103% 103%
Low
106
J-J
106
•106
J-J
10
High
102
2
106'A 106'A
104
101'% 106%
Jan
Ray Drug Co.
1%
~1%
42%
42%
42%
46
44%
46
"
Period
/
3%s
Jan
11%
6%
..-1
Sunray
Oil—;
...——*.*—i.—*.—1
5 'A % convertible preferred
—.50
Superior Oil Co1 (Calif)
*...
25
Superior Port Cement class B com—♦
Swan- Finch Oil Corp-——r—15
Sun
»*■.
12 'A
11%
*
.—
Last
Interest
,
.,
American Gas St Electric Co.—
Apr
Va Mar
Corp-L...———5
Co.*.'..-—-..—
Oct, 16
Low
'
Stinnes
Sullivan
Ended
High
Jun
2
125
Week
Friday Week's Range
Exchange
"
of Prices
1401
~2- *
'
1% May
800
-
9 %
Amer Pow & Lt
.2 %
-
Jan
Sep
Amer
39%
Jun
45 ye Feb
26
Apr
46%
Feb
11
Feb
2016
.*
Writing-Paper 6$—.L—i.1961
Appalachian Elec Pow 3'As...
.1970
M-S
96%
95%
—
J-J
- -
J-D
97
84
84'A
-
4
....
31
:
79%
24
-
-
7% Jan
8% July
Appalachian Pow deb 6s
.—*2024
Arkansas Pr & Lt 5s——.....1956
Associated Eleo 4yas.
1953
J-J
■
85
U26'A 129
A-0
124 'A 130
107 Va 107%
J-J
5As80clated Gas St Elec Co—
A Conv
'
Power &
Texas
Light 1%
pfd
Shovel Co
Tishman
"*
"3'A
14%
15
3%
4
*..
Jun
44
3
44
10
105
102
45
44
38
107%
47%
15%
Feb
14
3
5'A Feb
Aug
%
Feb
Jan
49
40'/# Apr
2'% Sep
100
AConv
deb
.1948
4%s
J
4%s
5s
deb
AConv
X102
64
90
57%
4'A Aug
Oct
95
Jan
92%
10
85
Mar
X 103
Atlanta
95
M&r
01 Va X102
•>
.5%
—
60
200
vi
1
1
5%
:.
4'A Aug
111
:
.
—•
Inc
•
-
3% May
-J,
2,500
Jan
5-
1,300
-
5s
Gas
14%
M-N
67'A
67%
1955
4y2S———1955
..1964
Light
without
•
v
rr
—.—1947
450
29
Mar
l'/a
100
1
Aug
6%
300
4'A July '
Corp——10c
'
2%
-'
.1950
6s
Aircraft
7%
Products——.——*—I
M-N
5s
series
1960
C
—•
—
United Milk Products——
Edison
Boston
—*
participating preferred—
_*
United Molasses Co Ltd—
•Amer dep rets ord regis——...—United N J RR St Canal Co.*——.100
United. Profit Sharing—..—*.—25c
.10% -preferred—
—,—
.
10
United Shoe Machinery common.—25
Northern
Oct
Central
Feb
SACentral
7'A
Oct
Jan
preferred
111
El
3%s——1964
J-D
Elec 5s_—.*—1948
J-J
M-S
Gas
&
states
$81
—1954
9y
10'A
53%
200
42
54%
40
59Va
$100'A 102
98
102'A
99% 104%
M-S
74'A
87
767/a
78%
167
69%
84%
79
79%
26
69%
83%
Feb
Debenture
5s—**r—**-—1969
M-S
81
81
81
6
M-N
74
'f 74
75
36
J-D
74%
7%
Feb
5'A
1,000
Jun
%
5,800
7%
57%
Vb May
1/64 Jun
:
6s
Oct
15
Mar
11
■
14,100
-
;
Jun
A
Feb
9'% Oct
Jan
1
B———...
series
Service
Cities
Conv
deb
5s
5%S
600
A
-
an
1949
—
19%
—
10 '/a
Jan
1st
1st ref mtge 2% s ser
%
:
Oct
244
Jan
85
Jun
2% Sep
250
,
Va Mar
*-
; <
Aug
62%
44 »A
A
4
Apr
1% Sep
50% Mar
1,550
43%
Mar
150
63% July
38
,":-
59%
45% Aug
May
75%
110
4 'A
4%
800
2%
3'A
2,700
3% Apr2'A Sep
6% Jah
«
Jan
3
..
8'A'
..
U S Rubber Reclaiming—.———*
..
2
common——50c
..
U S Stores
1st $7 convertible preferred—;
United
2
—.—.*,
.«•
Wall Paper..—
Universal Cooler class A
■
:
class
B
18
800
400
2
.
160
12%
300
1%
3,800
iS.'Jan,
.
4% Jan
Feb
A
Oct
/-8'A Oct
30
Jan
Apr
19%
1%
Apr
59
:
>
,14 Aug;
1% May
%
A
y* July
20'A
-A Apr
-,■■■■%■ Jan
1%
1%
Jan
•.
Sep
A Oct
Jan
%
..
..
Jan
8%
4'% Apr
300
19
1%
,
Jan
3'%
May
,43
27 % Mar
'%
19'%
A.
—*
United Stores common——.—50c
1,500 r
..
18
.1
U S Radiator common...
400
59
8
,7
a3a. Sep
,
1st preferred with warrants—58
Universal Corp voting trust ctfs
1
Universal Insurance...—8
Universal Pictures common
.1
7%
77/a
3
Oct
May
%
Jan
28%
..
100
29
Universal Products Co—,—*r.—-
...5
Utah-Idaho Sugar..—.—
preferred
Utah Power & Light $7
Utah Radio
Products——
Utility Equities common...
,
10c
$5.50 priority stock——...1
44 y4
2'A
1,500
45%
225
'A
44%
•
•
■
convertible
$4
....
it
16%
16%
16%
25
5ya
4%
5%
11,700
47
45%
.
9%
:
90
47
9%
25
Mar
29
Gen mtge
1954
Jan
2%
41
100
14%
Jun
3%
62
Apr
3S2
.
Oct
Jan
Jan
1% Mar
.
Jan
y2
Oct
33'A Mar
45%
Oct
% Apr
Apr
%
Jan
17%
Feb
Apr
5%
Oct
41% Aug
7'A Mar
90 y4
Jan
9%
Oct
13
3'%
104% 107%
99V'a 103%
$121
F-A
J-D
125'A
125
'
Packing
Cudahy
———1944
5s——:
Cuban Tobacco
& Light
District El 5s_.1952
Empire
5%s
Federal Water Service
—1954
79%
80%
88'A
88%
86
;
6s-5s
$123'A 124
„'k
,105
105
102
102
46
46
j
Gatineau
Aircraft
—...1969
A
—.—1965
M-S
§AGobel (Adolf) 4%s ser A
1941
West 4s——..—...1950
96 »A 103'/a
...—1945
J-D
$74
79
42
Class B
West
Va
Coal
St
Western
com
3
Stationery
Coal
4%
Products Inc
4'A
100
1,400
20
•
page
1402.
95
A7s
A7s
1
81%
47
14%
~/y
19
109% 111%
83
'3
83%
io7y2110%
12
98% 106'%
20
93% 105'A
12
90
92%
104%
88% 100
100
$102% 104
103%
82%
82
82%
34
71'A '83
82%
82
82'A
31
71%
A-O
114
106% 106'A
1
114
Debenture
Iowa
Altalian
Power
118
Gas
8'A
8%
400
_4'A
300
Be
"!%'
2,200
* f.- v-
\
5 •
11 Va
hlVi
11%
■.
J-J
J-J
!
M-S
76
39%
•--*
11%
11'A
11%
2
5
11'A
75%
.*
10 Vb
11%
J-J
11 %
12
77%
63
65
78%
39 Va
39 'A
18
31%
41%
108% 109
-
J-J
12.
12
12
J-D
45%'
45%
46%
'M-S
106% 107
—
16
-
12
2
5
11%
9
"
5'A
5%
11%
6
6
107% 109%
6%
12%
54
28
38
9
105
107'A
106
108
Oct
15% Aug
Kansas
24
Kansas Gas & Electric
Oct
Mar
13%
Oct
5%
Electric Power 3 '%s_..——1966
6s—.—.—.2022
Kansas Power & Light 3'%s
—1969
r
J-D
M-S
J-J
$106'% 107'%
A-O
$106'% 108'A
124
120% 125
124
112% 112%
110
112%
Feb
5%
Sep
6y«
Aug
6% Jan
:
Jan
Lake Superior
Dlst Pow 3%5—1966
St Lt 5s
1957
7% Mar
Louisiana Pow
2'%
109 »A 109'%
J-D
McCord Radiator & Mfg—
Jan
12% Jan
8%
Apr
Mar
104
Jun
4
Jan
4
Feb
5
July
6s
stamped
—1948
Mengel Co conv 4%S—.————1947
F-A
M-S
—
.
$84
86%
$100% 100%
105'A 106%
13
107% 109%
80
89
98% 100%
Mar
Metropolitan
,4s
series
G
Edison 4s E———.1971
M-N
$108% 109
M-N
—.—.—1965
....
3% Apr
"1%
4
6
10%
12
■
6s.———1963'
73
3
"4
,
2
11%
10
-
(stamped)—.—1942
61'A May
Mar
107%
'
11%
'
58—.——*
Superpower
A Jacksonville
82%
79
105%
1
.
,
1957
6s————**-1952
8s Light 4 %s———1958
Power
89
87%
.
-
99%
$91'A
(July 1941 coupon)——1952
Interstate
Jan
94
"1%
98%
M-N
F————1952
series
A7s
Middle States Petrol eyas.———1945
«
■
F-A
series
Jan
4'A Aug
4% Oct
Mar
8% Jun
"4 'A
(F W) Ltd—
American deposit
receipts—
Wright Hargreaves Ltd
!
Jun
1
__io
Woolworth
Feb
3% May
2%
Jan
5% July
73$"pfdIIlOO
Wolverine Portland Cement
Woodley Petroleum
Mar
13 Va
May
2% Jan
2
Jan
5y4 July
8%
v
103%
99'/a
102
39
12
110
F-A
Va May
% Jan
12
Ii
I"~10
96
67
7
100% 101
E———1957
(Aug 1941 coupon)—*—1957
8% July
% May
16'A May
300
;
110
103
53
90
108% 108%
87'/a
100%
J-D
13
73
....*
Co
see
;
Jersey Cent Pow & Lt 3'%s_.——1965
71%
;
Heating
Light
3%
4%
II10
I_i
..~10
Wichita River Oil Corp
Williams (R C) St Co
For footnotes
Sec—
Power
81
86
20
Weyenberg Shoe Mfg
87%
103%
M-N
AIndianapolis Gas 5s A—
—1952
8s L 3'As—J—...1970
Feb
1%
•
.
;
92%
40
J-J
Indianapolis P
Apr
Jun
lVa Mar
1.25
3%
■/':
™
M-S
5s..—
**.
1950
5s—.—1963
A7s
9
___l
1
Western Tablet &
Wilson-Jones
Service
1st lien & ref
;
'86%
85%
81'A
.111'A 111%
.$88
92
J-D
5s——1958
Hydro-Elec
Indiana
,
1
18
A-O
A
5% Jan
500
5
5
Westmoreland Inc.—
Willson
%
Maryland Ry 7 % 1st pfd—100
Wisconsin Power &
Indiana
J,: "■
.
91%
100
" 77
•
2
98
J-D
..1953
-.—*.1954
1st 8s ref 5s series C———:
1956
S f deb 5%s_————May 1957
ser
6
1
Coke
Oil-O-Matic
A-O
A-O
1st & ref 5%s series B
SV Feb
Westmoreland
Williams
Idaho Power 3%s_.—-1967
6
—*
Western Air Lines Inc.
J-D
$17%
--
A-O
Mar
3%
•
Mining Co„:
Wayne Knitting Mills..,
Wellington Oil Co..'—
i_.
Wentworth
manufacturing—.
West Texas Utility $6 preferred
M-N
1948
Houston, Lt & Pwr 3%s——1966
Hygrade Food 6s ser A———Jan 1949
6s series B——————Jan 1949
1st 6s
8
38
42
5s—
79%
$108% 112
J-J
———1958
6s
104%
90
89'A
98
SAGuardian Investors
111 Pwr& Lt
'
45
-
J-D
A6%s" series C—........——1955
A6%s (Dec 1 1941 COUP)—1955
5
—
Walker
45
F-A
West
&
47
102% 107%
103
.
24
91%
$89
:
6
60
86'A
——*1963
Green Mountain Pow 3%
25
*
85 'A
stpd——1950
Great Nor Power 5s
'
.
94
91'A
'
.
45
•
"
37- ;
; •;
91%
94 '
.
91%
*
J-J
Grand Trunk
Guantanamo
90%
T~
86%
1
'
'A; 103%
•t-
M-S
Alden Coal > 4s*.
103
91%
.
J-D
Glen
105 % 107%
.
J-D
1978
Georgia Power 8s Light 5s
r
'
163 'A
A-O
J-J
A———*.1948 '
AGenerSl Rayon 6s
10 5'A
J-J
,
General Pub Serv 5s_.1953
79
Co.....——'■
Waitt & Bond class A
J-D
1954
3%s
Power
'; 5
J
46
M^-S
Florida Power Co 4s ser C——_—1966
Florida Pow it Lt 5s;
;
92%
123 Va
104% 106%
;
102
;
86%
68%
122
•
,
—1961
stamped
79%
107
■
69
100% 102%
5
88'/a
93%
,
101
79%
M-N
•
.,
69
101
69%
60
72
84'A
$65
101
M-S
Residential Mtge Bank—
Finland
83'A
'.
.
M-S )
F-A
M-S 1
5s—
.2030
Elmira Water Lt & RR 5s—;——1956
Power
83'A
M-S
—.1955
3%s
Eastern Gas & Fuel 4s ser A.—...1956
Electric
flnternational
Wagner Baking voting trust ctfs ext..•
1%
preferred...
—...100
.
102 VA 102'A
»)
W
Waco
--t
108% 110%
$106'A 107%
A-0
——1958
4y2s..—
Jan
600
10
5
Virginia Public Service 73$ pfd... .—100
Vogt Manufacturing—
...,
Feb
100
450
...—1
preferred-
Petroleum..—*
»A
45*%
26
1% Mar
-
Valspar Corp common——. .....1
Venezuelan
8% Jan
Sep
10
2'A
44'A
—
.*
1
5% May
14
..
'
(Bait City)—
Grocery Store Products
100
96%
117% 122
■>7;,
■
96%
64
:
110-
•
$3%
62%
27
125'A,
110
■.
Jan
25 ]/a
1% July
•
Q———1976
Continental Gas '& El 5s
May
72'/a Mar
J-D
J-D
J-J
1969
3s ser P——
Consolidated Gas
& Sep
23
Apr
74'A
|123'A
■
72
Oct
•
■
ref mtge
86%
(Bait)—
Jan
21
—
Lt & Pr
$86
M-N
,
.
a3a
99
y# Mar
1,600
..1951
Connecticut Lt .& Pr 7s A—
3 'A 8 ' series"' N—--—1971"
Jan
2,100
...1952
Oct
•
Jan
83'A
& L 5%s
P
126%
97% Apr
100
.1950
5s—
Service
Cities
'% July
Jan
2,400
.Graphite common..
——.—5
U S and International Securities—
•
U S
10'A
100 »A
77'A
—
■
,
79
3
10
Plywood $1.50 conv preferred—20
U%
4
94
;
.
100'A
53'A
4
A-O
4 'A
preferred
,
$104% 105%
F-A
A-O
A-O
;—Jan 1966
1.0'Ay
$100
:
.—1955
10'A
86%
101 .105'A
r'
w
,
53
8%
J-D
U S
$5
104
.
79
$104% 105%.>
'
9%
J-J
——..*1927
—1952
§AChicago Rys 5s ctfs
5'%s A
Cincinnati St Ry
v.—
82
~
U S Lines Inc
101
:——1958
....
United Specialties common—,—..1
U S Foil Co class B—
—
1
99% 102%
21
5s
;
19
59%
44 'A
.——25
24
•
Debenture
;
—
101%
Apr
Jan
•
r.
100 Va 103%
101 Va
103'% 103 V#
2'%
1'%
<■■■■'■/.
—
30
117.-;
2
116'% 117%
A
&
98% 99
'A
%
•
102 »/a 102%'
,
M-N
5s———1953
Power
■'A5%s
3
57% Jun
—
—
.
J->D
M-S
.*——1954 ;;
5s.i
102%
M-S
:
———1970
2%s__
Broad River Power
Canada
y« Mar
$3
151'A 155%
Jan
fa
19'A
preferred.,
1st
112
3
154
Jan
■.
$6
2
V
154
5
1
%
116% U7
Q-F
6s ...—*^—1998
Birmingham Electric 4'%s ——1968
Consol Gas El
XJnited Light St Power common A
♦
Common class B
—.——**
114
■112% 115.
7%
7
r
105
0
..
1%
Jun
100
&
117
28
114% 114%
3 '% Aug
—y..
Option warrants
—.—-—*«*——V'
United Gas & Elec Co 7% pfd
100
114%
100
—■■
common***.***.*****!
preferred.non-voting———.♦117%
1117% '110% 111%
J-D
200
v.*
United Gas Corp
,
99% 100
—
Sep
1'A July
3'%
—
l
'A
cum
$7
$98%
108%
1'%
7%
*.
United
1st
105 '/a 107%
4'%
—
& participating pfd——•
Cigar-Whelan Stores
10c
United Corp warrants.————
United Elastic Corp.*——*—*—-•
$3
106
$105% 107'%
M-S
'
*———....1957
M 5s series B_
Oct
-
39
2
—
4'%
United Chemicals common——•
600
2%
1%
"
—
of Canada
Union Investment common———*
United
67%
-
$107.'%. 108'%
J-D
Central States P & L 5%s—1953 •
2'/a
^
Manufacturing Co—10
Gas
14%
55%
Jun
U
Union
,
Telephone of Canada—
1st
5
;
6%
1
Udylite Corp—;——
Unexcelled
,
M-S
J-J
—
warrants—
Convertible
Bell
7'%
1 Vs.
Tung-Sol Lamp Works——.————1
80c convertible preferred——♦
%-Jan
-
'V Jun
3
'
,
Apr
1% July
5'% Oct
-
,6%; Oct
t
39
38
% Mar
1,000
100
6%
4%
39
1
-
4%
'
% •'
6%
Corp....
Realization
.7%
13%
13%
s/i Jun
Apr
y.
500
5%
%
Tri-Continental .warrants
Ulen
14'%
20
F-A
City Elec 3'As™,
Avery & Sons (B. F.)—
Jan
%
Trans Lux Corp———....—1
10
—1.———
14%
7%
14'%
—1977
Atlantic
Bethlehem Steel
A-
14%
7%
14'%
13
A-0
■
Class
7%
91
14'%
13
F-A
Apr
62
63'%
1%. .preferred—.........100
Tubize Chatilloh
197
248
13
13%
J-J
.1950
Assoc T & T deb 5%s A.
Jan
3%
92%
.
Tqnopah Mining! of Nevada.**.!'———1
Trunz
14'%
Baldwin Locomotive Works—
cjorp*....——*—*_—*
6%, preferred*
100
Transwestern Oil Co
7%
14'%
—.1968
—
5%s
25
14'A
M-S
——1949
-
AConV deb 5s_.
Debenture
M-
>
y '
Oct
Jun
deb
a
Jan
3'A
300
150
.■
-
Jan
.8% Apr
100
Jun
COO
: 45
3
44
19%
V
2% Mar
700
^
3% Mar
Jan.
614 July
%
Todd Shipyards
-
2%
16 'A
1,000
•
—
dep rets ord regis
"5
15
Tpbaqco St Allied Stocks
Tobacco Product Exports—;
Tobacco Security Trust Co Ltd—
Amer
'
-■
86
5
common———,
Realty St Construction—
Toledo Edison
100
100
7%
—100
Roofing Inc—....——„—— 1
Tflo
2%
18%
7%
..
*
Texon Oil & Land Co_————2
Thew
2%
18%
_1
*
Taggart Corp commonTechnicolor Inc common..——
.
104% 107%
.
Tampa Electric Co common..*..
,
86% 106%
4
•
.
106% 106%
102% 109
•
Oct
10%
100
2,000
deb 6s
..
5'A
Oct
Midland Valley RR
1% Mar
2Va
Jan
Milwaukee
5s_.
—*—1943
4% s———1967
Gas Light
_*
109%
107
110 y4
$100'A 102
J-J
A-O
M-S
106
$109% 110'A
58'%
58'%
106
98 Va 101
58%
106
102%
166%
THE COMMERCIAL & FINANCIAL CHRONICLE
1402
Monday, October 19, 1942
K i.
n
EXCHANGE
NEW YORK CURB
Friday
BONDS
Period
Id
Ended Oct.
Week
Last
Interest
Fxchange
Curb
York
New
'
{
Week's Range
Bonds
Friday's
or
Sale Price Bid & Asked
'
Low
Sold
tio.
High
Range Since
•
•
January
Low
Foreign Governments & Municipalities
1
High
'
-1978
Minnesota P & L 4%s_
&
1st
_1957
1951
m-n
_1945
5
110% 112%
98
6
10%
5
_
j-d
108
M-S
Power 4%s
111%
10%
F-A
1981
100% 104%
97%
F-A
>1978
105% 108
5
111
--
4
103/2 103%
J-J
19
107/2 107%
107%
J-D
re
Nebraska
1033/4 1047/8
J-D
113
108
4
loo3/, 105%
97
9%
York
New
Week
Curb
A„_
series
—
113%
>,'./;
.
.
4
Low
Agricultural Mortgage Bank (Col)—
100%
A
v
20-year
7s_>—>*—
.
;
5s_.
Elec
5s
•
Gas
a-o
1948
5k__.
J-D
a.
deb
Conv
New
1950
England
3% 8*
Power
England Power Assn 5s—
Debenture 5l/2S
New
■
'
«
M-N
1954
+ul:
5
50 %
$49
') :
51%
49 /
49
84
12
50%
42
62%
77'A
77
78 %
J-D
84
84
84
-
"i
63
»
ACauca
65%
85
1
67%
Valley 7s—:
41
Extended
1955
>
; M-N'
Y
Westchester Ltg
&
:tl0434 105 3,8
101% 106
M-N
$1121/2 113
109
1953
5s
F-A-
J-J
$106% 108
105
A Lima
City
84 y4
$83
J-J
54%
114% 115%
17
55
50
$4
-
"M-S
$10%
7s
M-N
16 3A
3%s series A
—1969
>__
F-A
108 %
108 y2
108
16%
7s
38
106
Ohio
1st
Power
of May
1927
1st
3s—
mtge
Alssue
of
1927
$14;
15%
9%
$27%
28%
25%
28
28%
M-N
1073/4 IO734
3
107
108%
*1968
A-0
1073/4 107%
4
106
30
25%
13%
18%
35
18
28%
$19%
20
15
20%
$16
16%
10%
16%
$27%
J-D
J-D
$163/4
M-S
A-O
105 3,8
105% 1053/s
2
(State)
de
F-A
108%
108
108%
4
Janeiro
&
Power
Light
A-O
.—1948
F-A
101%
101 y2101 %
—1955
F-A
101%
101% 101%
1964
1977
1st mtge 3s
4y2s
Pwr
Penn Central Lt &
5s
M-N
M-N
Pennsylvania Water & Power 3y4S_l964
3y4s
Elec Power 5%s——1972
Rapid Transit 6s_—1962
Philadelphia
Portland
5s
Gas
v
I
extended
100 3/4 104
4%s
7s
♦No par
Potrero
Power
4'/2s B
(Can)
mtge 3 % s
Service
6%
of
&
1st
*
'1%
1%
71
1
l7/e
1%
J-D
J-J
.
1%
15
1
1%
13
15%
1163/g
111
105
M-S
J-J
—
$ Friday's bid
•;
A Bonds
asked prices;
being traded flat.
Odd-lot sale,
e
n
Under-the-rule sale,
.*.•••.v:'"'
Vy
v
«.,•?
Cash Sale rot included in year's range, Easy Washing Machine class
y
•
.
•'
*
sales being
no
^
-•
<
.
and
d Ex-interest,
sale.
-;v
Ex-dlvldend.
x
transacted
*
1 /
•
,
current week.
during
■
\
;
1043/4 106
105
95%
95%
$16
J-J
,
a Deferred delivery
' )'■;* •'
B, June 26 at.2%.
106 3A 108
107/2
114% 114/2
1143/8
87%
96
I Reported
in receivership.
used
above—"cod,"
certificates of deposit;
"cum," cumulative;
'icons," consolidated;
96%
"conv,"
A-O
110/2 111
4
MS
"w i,"
"M,"
convertible;
when
mortgage;
"ww,"
issued;
"n-v,"
warrants;
with
"vtc,"
stock;
non-voting
"xw," without
trust
voting
certificates;
warrants.
J
109% 1127/a
$105%
100
—
$76
71%
79 V
1043/4
79%
H
.
*1969
4s__
M-N
J-D
107%
107% 107%
4
106
stock and Bond Averages
108%
J-D
105
105
3
104% 106%
M-S
107% 108
15
105% 108%
M-N
138%
138% 139
J-D
102/4
102
102%
102
102
1950
4Vis series D
M-N
1950
C
J-D
3
98
98
on
are
102%
2
101/2 101%
132
40
the daily closing averages of representative stocks and bonds
the New York Stock Exchange as compiled by Dow, Jones & Co.:
Below
listed
New Jersey—
series
5s
ref
&
1st
$107
F-A
1073/4 1113%
&
P
ref
J-J
1043/4
105% 108
107% 107%
J-D
100
104% 105%
10
certificates
L 5%s.———>1949
perpetual
Sound
15
110% 111
1964
—1949
—
Sinking fund deb 4s
Public Service of Indiana
Puget
',;
$101% 101%
M-N
of Colorado—
Public Service Co
Public
101% 102 v.
101%
28
1947
*>1959
stpd———*
Sugar 7s
Corp
20
1956
E
5s
/
*—T—1949
—>
value,
fCash sale,
Abbreviations
—1950
*
F
series
34
97/2 101%
1961
Edison
Potomac
$26
8
Coke Co—>
&
stamped
1st
1970
—
Philadelphia
6%s——1919
,.,..-..,...,...1921
A5%s
;:
1053/4 108%
'$10714 107%
J-J
1979
Park Lexington
1st
5s
J-J
;—1959
Government
ARussian
.
Pacific
1958
—
107% 110
Aug 1955
Oklahoma Power & Water 5s
7s
6%s
1023/4 106
1962
4s—**
Oklahoma Nat Gas 3%6 B
1931
%
$30
vA-0
109
—1971
.
Service
103%
28
150
1952
81%
A-O
J-D
Total
15
20
30
10
Grade
trials
Rails
Rail¬
Utili¬
trials
10
roads
ties
Stocks
13.40
38.83
106.35
13.71
38.91
106.15
13.64
38.74
106.18
Grade
93.17
114.93
29.02
115.01
28.99
_
Second
First
Indus¬
65
Indus¬
October
1979
10
10
96% 102
Queens Borough Gas & Electric—
-Bonds
-Stocks-
Date—
Total
10
Utill-
40
ties
Rails
Bonds
53.72
109.93
90.79
A
San
,.1952
Joaquin Lt & Pwr 6s B
ASchulte
Real Estate
6s
1951
—*
3s———*.1951
Scullin Steel inc mtge
Shawihigan Water & Pwr 4'/2s
1st
4'/as
series
..1967
1970
D
110
M-S
93.18
53.88
93.04
J-D
—
J-J
J-J
M-S
1970
A-O
1971
F-A
Southwestern Gas & Elec 3%s——1970
F-A
California
Southern
California
1st
—>
Indiana
28.73
53.68
109.91
90.70
130
October
15
113.27
28.50
13.49
38.31
106.16
92.82
53.51
109.91
90.60
16
113.55
28.58
13.48
38.39
106.11
93.03
53.55
109.93
90.6C
53
82%
77
—
October
12
Rys 4s
Holiday
Holiday
'+
<
55%
86
24
86
1003%
54
87
100%
100
1033/a
v-'-M
v:
.
r;
$103% 110
105%
12
102%
102 % 102%
23
105%
105% 105%
1
Transactions at the New York Curb Exchange
102% 105%
99% 102%
103% 106%
,105
Daily, Weekly and Yearly
(Calif)—
mtge 3s__:
Southern
3%s
Gas
Gas
Counties
Southern
3s_—1965
114.69
129
60
' t'i
v
J-J
1951
Edison
Southern
14——>.
100% 100%
105
5s
Power
90.80
October
82
100% 100%
„—1957
Coal
Wyoming
Carolina
109.98
112%
$82
100%
A-O
6s——.1947
South
13
108
-''-$53
•
.
Sheridan
75
14
$129%
A-O
A-O
2
110%
October
series
81%
October
5%s
Safe Harbor Water 4'/is
$102
55
103%
55
55 5/8
98% 102
20
50%
60
Stocks
Bonds (Par Value)
(Number
Southwestern
P
&
L 6s_*;
>—2022
Standard
&
Gas
M-N
May 1948
A-O
—-May 1948
A-O
.—>_—.>—1951
6s
Debenture
Standard
58%
57%
60%
60s,8
F-A
——Dec 1
88
58%
42%
61
40
763/4
&
Light
AStarrett Corp lnc 5s
Power
61%
47
60%
613/4
34
49
76%
60%
60%
•
■'
•
.
61%
28
49
77
1966
J-D
60 %
613/8
14
49%
763%
F-A
60%
61%
38
49
F-A
60%
61
23
50
<
1,078,675
Saturday
Monday
Tuesday
-a
—
V
—
<
•
—
(Hugo)
2nd
7-4s
Texas Power
Water
Tide
Toledo
deposit—
Total—
&
A-O
21%
21%
5
17%
1946
J-J
53—
1960
A-O
3'As
F-A
94%
J-D
83%
1949
J-D
112%
Power Co—
1st lien & cons 5'As—
—1959
A-O
Electric
Light
N
J
S'/aS
4s
*———1952
A-
series
23
105
15
lien
1st
&
gen
6s
Wash
income
4y3s
1944
—202S
debs„.
1954
107
West
Penn Electric
Penn
5s
Traction
94%
15
94
106% 106%
1
83 %
21
82%
F-A
112% 112%
106
94
A-O
r
Of shares—
-f-
Bonds
■
Total
117
106%
95%
$3,198,000
118
6
94%
95
5
95
24
434
69%
Week Ended Oct. 16, 1942
92% 100
83%
99
5
18
2%
5%
108% 110%
107
Monday
Tuesday
Wednesday
Thursday
Friday
_
1942
'
1941
15,483,688
21,938,262
30,000
186,000
./.? 18,000
10,000
3,253,000
626,000
2,085,000
$3,198,000
5,460,000
$3,131,000 $137,376,500 $202,399,000
Vnlted States
101% 101%
109
1093/4
1
12
Railroad
and Miscel.
Bonds
455,800
*
857,200.
660,010
596,370
504,890
*
——*
*
Total
<
109
99 5/s 108%
3,074,270
$6,900,000
Holiday
;
9,510,000
Foreign
Bonds
Government
Bonds
Total
Bond
Sales
$221,000
$11,000
$7,132,000
515,500
Holiday
1,006
10,026.500
7,997,200
12,000
9,021,400
13,315,000
329,000
25,000
9,375,400
386,000
8,000
13,709,000
$48,743,600
v
193,500
$1,645,000
$57,000
$48,445,600
Week Ended Oct. 16
107% 117
1942
1941
8,202,700
Jan. 1 to Oct. 16
1942
1941
Stocks—No. of shares
F-A
86
86
86
69
71 %
F-A
72
56
3,074,270
Bonds
U,
74
S. Government——:
Foreign
Railroad
! A York
Jan. 1 to Oct. 16
528,550
Number of
Shares
'
,
115% 118%
$110% 112
stamped extended to 1959
1941
Daily, Weekly and Yearly
82% 100%
$108% 109
101%
/
Transactions at the New York Stock Exchange
84%
J-D
A-O
-
1083/4
J-D
J-D
1942
1,531,630
——
——————
——
103% 107%
61
92 %
M-S
$30,000
'v""'/i:/
$3,150,000
$2,935,000 $133,497,500 $194,854,000
1
—
"
,
Stocks,
93%
F-A
—1960
5s
546,000
558,000
426,000
111% 114%
M-N
—2030
Rys Co ,5s stpd—
A Stamped 5s
1,000
5,000
86% 101
106
>1964
Western Newspaper Union—
6s unstamped extended to 1959——
6s
/
118
1951
,
Wash Water Power 3'/as—
West
•
Saturday—
series A—
Ry & Elec 4s__—
1,206,000
106% 108%
Waldorf-Astoria Hotel—
A 5s
v
$18,000
—
1,000
$462,000
/
5,000
Week Ended Oct. 16
s
Foreign government
—
Foreign corporate—*.*—-«
107%
6
2
Utah Power & Light Co—
Debenture
/
&
United Lt & Rys (Delaware) 5%s_1952
United Light & Railways (Maine) —
6s
10%
1063/4 107
J-J
United
16
107% 107%
1952
United
15
15
105% 106%,
M-N
J-J
—1979
5s—
Power
$13%
J-J
1956
2022
Edison
17
Domestic—
—1946
Light 5s—
City Rapid Transit
Holiday
$12,000
Total
—_
23,000
$3,150,000
/
Stocks—No.
$14
1968
Twin
Corporate
$1,600
'
25
Industries—
Service
Government
1,171,000
541,000 /
557,000
420,000 >;
——1,5^3^
—
'
—
A
series
6s
of
stamped—*—*.
Electric
Texas
1
stamped
Certificates
Foreign
Foreign
;
76%
61%
(Hugo) Corp—
3d
7-4s
Stinnes
■
$461,000
Holiday
101,745
129,16,8
91,5rn
/
Stinnes
-
.
Domestic
124,465
-
Wednesday—
Thursday
Friday
763/4
6s——1957
,—>1950
of
Shares)
106
1957
6s
gold debentures
6s
96%
$94
Week Ended Oct. 16, 1942
1033/a 1063/4
Electric—
(stamped)
Conv 6s stamped
6s
Debenture
M-S
,.>1989
(A G) deb 5s
Spalding
$106% 108%
!
.1
——
AMortgage Bank Of Chile 6s*
ASantiago
Public
Ohio
15%
J-D
V
1947
—
Oct
17%
108%
.1945
3/4S*.—
mtge
13%
./M-N
—>1951
stamped
Alssue
ARio
Ogden Gas 1st 5s
13
fl
11%
1958
-
■
'
61
Northern Ind Public Service—
1st
33
6%s stamped>l958
(Peru)
AParana
J-J
35
20%
• •—
Mortgage Bank Of Bogota 7s*—
108%
5/2S-——>—1948
Utility
Cont'l
Nor
_
25 "
33%
$28%
/,/■-*;■
1952
s
J-J
& Waterways—
AExternal 6%s stamped-.,*
111%
2004
1954
4s
5s
Debenture
15
33
33
Mortgage Bank of Denmark 5s—>1972
N
9%
$13%--14%
J-D
1948
—
Danzig Port
AMedellin
J-D
1964
Gas 33/4s
25
873/4
1949
Nov
series A
6s
Elec &
Y State
45
•
108%
13
Service—
Public
Orleans
AIncome
N
44
$40%
•
25
/.'•• v';"
V
5%s_>——
AMaranho
New
J-J
45
Bank of)
Mortgage
Danish
62%
43
106
A-O
97
High
L010
No.
112% 114
42
27
*107% 109
•
—
49
114
49
49
m-n
1961
1948
5s.
114
M-S
96%
96%
96%
j-j
1947
Amsterdam
New
(see
January 1
Sold
$40%
A-O
/
V
.
Range Since
Bonds
Hiah
' /
•
Jan 1047
'
124%
•
•
'—April 1946
7s——
A20-year
16
Bogota
Nevada-California
Week's Range
or Friday's
Last
Sale Price Bid & Asked
/ Period
;>
106% 111
113
Interest
Exchange
Ended Oct. 16
1
6s
/ Friday
BONDS
1937
J-D
81
81
81
71%
J-D
79
'79
79
71
81%
industrial—
*
;>
$57,000
Total——j.—
86,^73,261
$138,000
$6,004,150
96,880,500
1,706,548,500
1,645,000
*
2,581,000
46,743,600
24,875,000
82%
_1947
&
2,659,540
$48,445,600
112,878,252
$15,683,000
125,518,000
1,519,945,000
$27,594,000 $1,809,433,150 $.1,661,146,000
')
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Numbef 4117
156
1403
Friday
.
Baltimore Stock
Week's
Friday
Range
'
Sale Price
STOCKS
Corporation
Transit
| }st preferred
v t
Fidelity & Deposit
c——
8%
.*
122
%
50
,
Fidelity & Guar
Bonds—'
Atlantic
?•
"
■
108
Jan
19 y2
Apr
26
22% May
82
Consolidated
100
Mar
91
92
$1,200
88
51%
39,500
2,500
42
59
•
Jan
57
7%
May
65
May
1,000
101%
Feb
105
Boston Stock
Oct,
>
1
16 both,
to Oct.
61 Va
Jun
75
Oct
vt
Range
STOCKS—
v
:
American Tel
& Son
& -Tel—..1'—+—
Boston
&
Albany RR—i-.**-.-
Boston
21
Oct
Goodyear Tire & Rubber common.
Great Lakes Dr & Dock
8%
980
1 Vs"
1%
50
60c
24
1
<2%r
General
Foods
General
Motors
Range
Jan
16%
Jan
.1%
20ft
1% Aug
10%
100
22%
20
3%
1,400
3%
24%;
34
34%
Co.*--————10
Boston
Apr
2%
Jan
2%
Feb
Heilman
2%
Jan
Horders
12%
Sep
Houdaille-Hershey
31% May
7% Oct
Jan
V» Jun
4% Feb
;
20%
1%
'preferred, B—*•—4—. .100
25%
25%
5% Jan
5'<
preferred
adjustment—;,—— .100
SS Lines
Preferred
*
:
•
Association,*
60
'
12
200
4ya*.
n y4
41
41
330
25.28
25
25.28
26
Oct
May
Oct
25.28
May
3y«
Jan
70
27%
Jan
70c
Sep
33
90C
90c
3y«
31
1%
Jan
14%
14%:
75
11%
Sep
———*
Mergenthaler Linotype
NairragansettURacinff-Assnr-lnc.*^—.-1New England Tel & Tel
* 100
37
37
10
4%
35
1%
•
Apr
i%
50
1
Apr
3%
8%
400
10ft
11%-
11 Va
65 Va
65 Va
49%
51%
8%
9
8Va
3
,8
4
525
80
n
181
A
v:;'.','
Liquid
Feb
Marshall
Field
Masonite
Corp
Jan
26c
221
20c
Oct
64c
20c
—*,.100
50c
2,450
12c
Jun
.50c
18%
18%
24
90c
90c
1%
.8%
Quincy Mining Co-4———**,.2$
Rcece
Hole
Button
Stone &
Webster Inc—..i
Torrlngton
*
(The)——
Co
,
~i%
United Shoe Machinery
Corp——.*..25
6"/r. cumulative preferred
25
Utah Metal & Tunnel
St Mass
—.4—1
60%
Ry Co
-
•
yf
n8%
Mar
*
;
•
5314- 55 V«
60%
6%
Jun
72%
Jan
63
Oct
20c
44% Aug
Jan
91
Oct
-
<<;2t
46c
105
25
Aug,
Feb
Feb
7%
6% Mar
A
77c
■
6%
Miller &
A—1970
ser
common
Oct.
Jan
May
73
73
$3,000
71%
Oct
75
Jan
38%
16 both inclusive,
Friday
39%
19.000
29%
Jun
42%
Feb
■V Last.:
STOCKS—
Sale Price
Low
Par
Abbott Laboratories common—*i—
Adams Oil & Gas Co
Allied
Allis
Laboratories
common,
47%
5%'
—*
&
Co
common—.
*
.—5
I!
Asbestos
Athey
High
37% May
50
5%
4
Mfg Co common—J
Truss Wheel capital-'
Corp (Delaware)—
:
Aviation
—4
3
450
26%
245.
750
125% 130
3
;i
r/-
■'
2%
3%
'2%
3%
3%
1, ;
,
2,400
70
Northwest
Omnibus
250
3%
972
Oct
30%
2%
Feb
Sep
(W H)
common^
-
1
Bastian-Blessing Co common^*;—*
Belden Mfg Co common-—-1-1.
*10
Belmont .Radio. Corp--——*
Bendix Aviation common—*—
Berghoff Brewing Corp—_<*.!
Binks Mfg Co capital-.;
!r_
Bliss & Laughlin Inc common
Borg Warner Corp common
__5
A
-1
v.
5 7,
-5
._5
—1
4
preferred
Brothers
cumul
-5
.<
—*
conv
preferred
.
Illinois Pub Serv $6
For footnotes
see
page
pfd_„
1408.
.10
.10
-3ft,
Campbell Wyant & Cannon—
Foundry capital
Central
15%
12%'
Electric
Gas & Electric
4%
133% Jan
4
Jan
A
& Co
Quaker Oats Co
Jan
15%
300
13
15% July
12%
250
11% May
28% May
3% May
350
4%
50
3 %
Jan
Jan
300
2:
4%
250
2%
3%
2,750
Apr
2% July
5%
150
3y» Mar
%
100
7%
100
,6% July
14
Jan
7%
150
14
Jan
1,050
6% July
5% Jan
% May
1
Jan
Sep
4
Jan
Packing
',%
14
Feb
<5
r
Aug
Apr.
23% May
28 Va
4
Aug
50
Oct
Mar;
4% Oct
4V» Jan
.
5% Sep
4%
4%
Raytheon Mfg Co common**—<—
7
Inc.,
Sep
Standard
,
Power
3%
75
3,300
260
60
150
12%
Jun
100
%
Jan
24%
25
555
18%
Jun
42%
225
36
Apr
22
24
Vs
22
100
20%
Oct
<6%
10
%
Stein & Co
of
——
Sterling Brewers Inc common———
13
150
Jan
Swift
&
27 %
450
19%
Jan
27%
Oct
Swift
50
9%
Jun
13%
Oct
Jan
'47
'
24 y4
Jun
200
3%
Jun
4% Feb
5%
Jun
8% Jun
50
1
Sep
3
Feb
280
56
70
1iJan
200
140
68%
145
42
1,
%
AprJun
39%
50
148
'
<Oct
57% Jart
Apr
2%.
300
1% Aug
8
1%
100
1 %
Jun
2
17
17%
200
14%
Jan
52%
55%
776
,29%
29%
< 150
247/a
25 y4
700
%
*100
3V4
500
53
-5
.
■%
"3*/*
'3%
■
.
n
10% May
11%
26
818
20
9
9
50
8
1%
1%
300
1
5
7%
common- _5
16%
7%
17
550
50Q
APr
Apr
%
,
,
Oct
4j/4
Mar
common— -5
Feb
57 % Jan
33 Vo
Apr
.July.
Feb'
50
Oct
30
V4 .Jun
2% Sep;
"
"l
,
,
27% Mar<
23% Jun
11%
'
Oct
17%
43% May,
25%
20
International
11
Jan
500
"
Stewart
Corp
4
2%
capital-—- 25
Jan
Machine Tool
25
1%
12
6%
Warner
*
1%
42
2%.
A—.
Jan
Sundstrand
Feb
4%
4%
144
144'%;
.50c
39%
5% Mar
Apr
14
7%
67
(A) common—**—T^—
"4%
13%
26%
70
1%
capital-
;
Indiana
"1
4%
common—
—
Oil
Jan
Jan
7%
Dredging-—
Preferred
Standard
6% July
2%
%
Jan
"14% Aug
2% Oct
; 67 %
.<:■;%
Feb
6Va
Jun
1%
%
11%
Jan
10
150
14
Oct
8
Apr
6%
14
30
com
Jan
67%
l/o
1
—.■—
Colorado
Jan
23%
12%
Signode Steel Strap—
South
9%
Apr
42
2
67 Vf
Sangamo Electric Co common
Sears Roebuck & Co capital—*
Preferred,
May
12%
preferred _*——*—-i- —5
67c
Oct
Oct
3% May
10%,Jun
;
Oct
32
15%
250
10%
7
27,%
245
10%
.%: Jan
■
Jan
250
:/;■
|,
23% Apr
79
8%,
Feb
21
50
22
8
3
469
27%
•
%
1,400
3%
7%
.*10
common
7
%
8%
.100
Preferred
Rath
:
21
common———
2%
310
Apr
12%
2%
32
7%
common..—
South Bend Lathe Works
.8% Mar
25%
21
30 V*
'
——^
(The)
.,'
13% Mar
4%
class B
Corp
Feb
200
Sep
<15% Oct
.8%
3%
10
Jan
10V4 Aug
34%; 35
11% May.
25
26
31
A——*
class
1%
100
4%
12%
6%
common-
Switch
4 Ye
Feb
11%
Feb
:;%
3%
Co common
3%
%
Jan
Apr
200
6%
Coal common B.
5
preferred ——————100
6 7<
11
—
Bruce
Butler
34<#
11
4%:
u
(E J) capital
Brown Fence & Wire common—.
Co' (EL) common.*.
Bunte Bi'os common
15%
—.
'
Brach & Sons
Class
11 •* '
Jan
8
9%
55Q
7%
(The) common——.10
Oct
Jun
%
24
7
common.—*—-*;
common._———G
Manufacturing
Spiegel,
Barber Co
Jo- Mar
5%
Bancorp,
Corp
2% July
%
50
Jan
83
May
'
%
5V4 Jan
37/» Mar
3%
■
Peabody
Feb
Iti2% Apr
1,250
2%
5%
12%
Apr
22%
76%
60'
Jan
Jan
10%
2,500
.,
4%-
3%
Cylinder Gas common——1
Noblitt-Sparks Industries capital
5
20
High
49 Va
Apr
12
76
3
'"v
Low
280.
48
26%
Co
American Public Service-preferred- .100
American Tel <te Tel Co capital—* .100
Armour
Range Since January 1
11%
12
common_
Chalmers Mfg
Shares
Jan
Mar
2
National
Process
for Week
Range
Jan
40Va
Mar
70.,
27
10%
.
Pressed Steel Car common-——
Sales
of Prices
Feb
95%
,
24
.
<'2: ; <
North American Car common
Poor
compiled from official sales lists
Week's
;4
Sep
.
4%
9%
Pennsylvania RR capital.-—--—-—50
Peoples Gas Light & Coke capital—100
Perfect Circle (The) Co—_—
to
! 97/a Feb
3
200
Muskegon Motor Spec "A"—___i—*
Penn
10
7%. Aug
500
9
.
28%2S%
1
—
Penn
Oct.
Oct
3
3 Va
15%
stock vtc.
Common
Parker Pen Co
—
Mar
5% May
40
*
Minneapolis Brewing common1
Montgomery Ward
Co common.—*
Ontario
Income mortgage 4 ya %
;
1,100
125
HarJ $1 prior preferred—.10
BONDS
Boston & Maine RR—
.<■';<<:•'<•. <
1st mortgage 4''/<• series RR——1960
—
Feb
Apr
9%
preferred ,A--*-**-*-w-—44—100
prior lien
100
prior lien__.—
100
T/r
Oct
49
130
110
23
22
Jan
Jan
37% May
15
?
< ;
50'/2 Mar
'•.•i1', 40
92
7%
10
*
Jan
28
25
43%
; 20c
7%
-
Jan
51%
40%
8% Oct
.
Apr
345
Feb.
74
313
12%
#
Mickelberry's Food Products com——1
West Corp capital
5
Midland United conv pfd
—.—*
Midland; Utilities—
i
1% July
Apr
16%
'
Class
Oct
22
45
1.221
63
92
3%
115
10V4 Sep
Apr
,:v< 9%
•
^
'
Oct
10
6% ,Apr
~
27
*25
8y8 July
.<•250
9%
,.a8%
i%'
Jun
60c
100
i
6%
5%
20c
*r
488
'
43%
;*£'
100
Waldorf .System1' Inc*—7%
Warren; (S. D.) Co——<l44—■————*.« 22: <;
Vermont
9
»
85
26%
*
Co—53%
Fruit
United
Machine^ri_^lwV_<
Association. 4-4*—**,——*
Shawmut
14%- Jan ;
125.
24%
.
54>/»
15%
-.r'<;
<
K
Mapes Consol Mfg capital—*—
Jan
24%
i—4
RR '••**•*•*.—*4*4——50
Pennsylvania
20c
•'
1% Aug
8 Va
%
<
•
■
14%. Feb
25
25
\
12 Va
Middle
Old Colony RR-..-*:
Pacific 'Mills
-:m~
,
1
^
10% Aug
Merch & Manufacturers Sec—
J3
'
»
common
101%
'
_
common
Jail
20c
Mining—————2.50
_
Sep
Oct
Feb
A
—
Refining Co capital-—*
Carbonic common
5 "
Apr
Jan
..--300,
4%
18
May
86%
85
86%
430
■
-
60
preferred
Jan
12%' Apr
5y2 May
,18ya..Jun
10
37%
27% Jan
4%
570
20 Va
1;
Oil
8V2
10% July
3% Apr
20
•"
33
$3Va
8% Mar
Jun
13
v
8%
,,
Jan
Oct
5%
<:' 40ft
■
-
77 y2
Lion
Oct
Oct
14 y4.
Va
32 y4
Oct
Sep
16%
Jan
7
200
6%
Libby McNeill & Libby common*'** —7
U
Lincoln Printing Co common—.
Apr
10%
10%
10%
77%
———-
Aug
Oct
11
—50
pfd——
Utilities 6%
Oct
4 >/4
23%
7V4 Mar
100
50%
'
—_**.
cumul preferred
Oct
Jan
41%
Jan
11V4
50
-100
Jr
Sep
7
40%
3 Va Mar
10ft
325
8V4
————J.—*—,*
Manufacturing Co common...,
RencucKy
Oct
—
New York, New Haven & Hartf RR.100
North Butte
100
,
29%
1,830
1%
common..II-I*"
Co common
2,100
7%
2
Apr
Jan
24%
9 Va
46% Feb
.
Apr
367
<
16%
1
Jov
Jan
*
1
Katz Drug
4
20 %
Jarvis (W B) Co capital———4
Oct
1% May
4 Va
.—10
International Harvester
35 '/a Aug
14
inland Steel Co capital--**-^—.-;.
Sep
29
32%..
-+%-
,
Oct
4V4 Mar
10
10
common*.. Ills
Inc
9
8%
6%
ii%
■
Independent Pneumatic Tool V t c.
Indianapolis Pwr & Lt eommen_^_
4%
,
41
Hathaway Bakeries $7 conv pfd———*
Isle Royale Copper—-,—
——15
Lamson Corp <Del)
common—4,—o
Maine Central RR 5'/ preferred.—100
•2%
< 37% Jan
,
..
Apr
22%
.7
.
.
.*..*
—
Jan
Jan
15%
■
B
,5
25
4%
■
—1
a
class
(Harvey)
11%
Jan.
120
:4%,
-
Feb
Feb
22.19
.
Jan
20% May
?
4
32%
2
30
a
.
Feb
Jan
25/s
700
29
50%
.4% Mar
2,875
27%
•
28% May:,
,
'
common
Illinois Brick Co capital
July
Jan
iy4
40
10%
It
Capital Corp—————T.;
Safety, Razor Co:.——!——.**•*
Gillette
1.80
Apr
18% May.
108
.
26
4%
*
———„.**—*—_i——*
Employers Group
General
common——4—,
Jan
41
45
.
'
,
Eastern
Oct
Jan
500
41%
:
nn*
■
16%
capital*^——_*
Brewing
Inc
< Hubbell
—
1%
er
10c
25
^
43%
Eastern Mass Street Ry common¬ .100
3%
29 %
10Q
21%
"•
.
common..
«
Apr
"
20%
Feb
Sep
6%
7
40%.
,< 41
Harnischfeger Corp common-—— —10
5
43%
Oct
Jan
3%
9%
%
16
.100
prior preferred—
6% preferred' ——4-:*-*.— .100
3
10%
24%
15Q
*■
2
34%
•
(H W) common—
Oct
Jun
100
-Eastern Gas. & ~FuelAssociates—~~
4%
Feb
700
.
CO 00 n-
2
7
#-
Oct
Jun
190
80c
1%' Apr
Apr
21%
17Q
7
33%
1%
l'/«
5%
80c
;
ey4
19
200
4 Va
38%
—*
*
8%
1%
130
—
Jan
8%
10
7
Illinois Central RR common——. -100
East
9
300
9 v,M
4%
common—. *-10
Corp
175
.../'
7%
5
common
Jun
5y4
28%
6%
104 »/a
250
10
—
4C0
1%
2%.
11%
26%
50
16
V
Gillette Safety Razor common—i*.—1 *•''
Jan
7%
5
Jan
"2 ;'
61%
8%
"7%
12%
75
Sep
71
Sep
13% Mar
50
24%
—5'
Preferred
Feb
91
19% Mar
5;
Oct
Jan
11
,
common- —1
Corp
14%
65
'
Copper
Finance
24%. Jan
84
"ioo
2
15%
14
common.*^—*—** —_i
1.220
1%
% Feb
11% July
10% Apr
■
24 y«
2%
Aug
150
210
:
•
<75% Jun
11%
Au'g
225
1%
■
,
115
13%
11'/*
Oet
4
Jun
1 Va
3%
#
General
60%
preferred stamped.-100
.100
77r class C 1st pfd stamped—
V lO'v class D 1st pfd stamped—,..100
Boston Personal Prop Trust—
1
13%
••
'--''..I
83%
2
10
15%
——
General American Transp common-
Oct
9% Mar
Gossard Co
——-
common
2%
10%
—5
103%
13%
•5% class A 1st
Calumet & Hecla
—
23%
.100
Boston & Providence RR.—:
Corp
134% Jan
Jan
60 y4
.100
Sep
7
15 y4
v
82%
——*__.
Jan
1%
74%
;«
Apr
13%
preferred
*:<i
/.*—
Apr
7%
60%
prior preferred——*—,
1,200
Jan
23%
Apr
% May
4% May
1 Va
;-^<':
—
94
;
19%, Apr
42 % Jan
6%
37
Apr
17%
13%
•'
35
24y8
7 %
30
14%
'
Cohnell-—■
&
Fuller Mfg Co
St Maine ,RR
Boston
Oct
3% Oct
Jun
11
i
75,;
■
common——
common!
Co
.101%
2,486
83 y4
.
10
7
2%..
■>'
—h*
8%
.100
Herald-Traveler———
X6%
]
•
Dredge & Dock Co common--—.
Four*Wheel Drive Auto *1*^.——* nio
High
Low
V
-25
Elevated Ry.
Boston
66
22%
►
8%
■
200
13% ;
—30
common—
Fairbanks Morse
Range ShtcS January 1
Shares
.100
***4*^.—4.
Feb
11%. Jun
Jan
2%
4,250
1%
w—
25
——
Rubber Mfg
&
Fitz Simons
High
103% 103%
♦
45
'
America com_*_ ~~20
Electric Household Util
Sales
tor Week
123%, 130%-
124%.
100
-
Edison '
'Boston.
100;
pfd
Inc.
Feb
1% Jan
33
.
;
of Prices
Low
Par
Bigelow-Sanford Carpet
Bird
Sale Price
7
".<'■<
*
21%
<
Elgin National Watch CO—**—— —15
■
.
100
Apr
8'A Jan
*2,100
33
'
cumulative preferred——i— -100
Dayton
Exchange
Week's
7' :
Friday
•'Last
'■*<
3%
114
.
*
inclusive, compiled from official sales lists
'
3 Vt
20%
——*—*
Cunningham Drug Stores *—i*—. -2%
Curtis Lighting Inc common.
-2%
Jun
3,000
75
Cudahy Packing
Deere
V'/V/'f/■■<'. :<
Oil Corp
partic shares vtc A—— —50
Common partic shares vtc B—
Oct
92
Jan
Jan
% May
372
1%
Common
Oct
Jun
■
50
71
Feb
ft Feb
43
Sep
May
28
150
66
21%
•ft Apr
6V'a
Consumers Co—
July
29%
<21% May
550
58%
75
11%-
.
33
Oct
common**.
Crane Co common.
Georgia Southern & Florida 5'/—1945
240
.
21%
22 y4
Edison
Container Corp of
4-1975'
150
64%
1
_
II25
Consolidated Biscuit common- —1" •
16% Mar
101% 101%
22,900
3%
Commonwealth
88
51
5s series
common—*—*"* —10
Coleman Lamp & Stove common—*
July
■;<
1975.
—
65
Oct
10
**—■———_
Certificates of indebt 5
/
Cities Service Co-.,
Coast Line Conn-
5s, series1 A
120
1 Va
31%
11%
■,
Jan
25
Baftimore transit Co 4s———1975
■
80%
1
31%
2.65
22
29%
79%
1%
Sep
1.50
6
99%
29%
22
High
iV Mat
4% May
Vs Apr
5,750
22
79%
.
nil
ft
;
99%
29%
0
preferred
preferred—
— —*
Chicago Yellow Cab capital—^—** **1,1
Chrysler Corp common *—*****— 1—5;
Oct
30
■
lien
50
50
Oct
50
94
32
:
122%
Mar
40
22
Range Since January 1
Low
Va
5%,
Va
——
Convertible
52% Jun
17
V*
150c
corn-
Shares
High
5%
*
Chicago Corp common
9% Sep
27
1.50
Prior
Jan
Mar
Low
Preferred
Jan
22
99%
2.
_—_**
'" ■* r
;1"
■
17 Vb
96c
40
170
,
21
32
1.50
Vernon-Woodbury Mills com.lOQ
New Amsterdam Casualty-,————-*2"
Phillips Packing Co 5%% pfd—*-—100
:
50
21
21
Mount
U S
52 y4
Apr
Jun
3.50 July
1,645
122'/2 122%
Miners Transp—
&
8%
52
13 %
15
preferred
for Week
of Prices
cobi_— —1"
CentraL & South West Util
High
30c
500
72c
.8%
52 y4
20
——
Range Since January 1
,
Low
16%
72c
Realty Co 6',i pfd——100
Oil preferred—___100
Houston
Merch
1614
*
vtc—*
common
.100
Elec Light & Power com—*
Consol Gas
Guilford
_*!
——
Co
Shares
Convertible
Low' High
Par
Baltimore
for Week
of Prices
hast
Illinois Secur Corp
Central
Sales
Range
Sale Price
Par
Sales
.
Week's
Last
STOCKS-
10 to Oct, 10 both inclusive, compiled from official sales* lists
Oct.
Arundel
Exchange
Jan
July
12
27
Jan
9 %
Aug
1% May
7%
12 % May
25
Oct
Jan
19
20
Jan
1%
1%
400
12
12 %
450
13%
14 %
1,250
11%
11%
100
"11
May
1% Mar
9
2Va Aug
Jan
13
Jan
7%
10
14
% July
5%
200
4%
Sep
20%
2034
500
19%
Jan
15%
15%
75
53
54
80
5
15
Aug
%
Oct
11%
Apr
6%
Feb
21% July
Corp capital
—'—.—-25
Thompson (J R) common——2
Texas
Trane
Jan
Apr
15%
70
Apr
Jan
Co
Union
U
S
S
7%
Utah
(The)
Carbide <fe
Gypsum
United
U
12 Va
41%
.25
capital—.———
capital——— .15
Co
Transp
common
cumulative
Radio
21%
21%
26%
28%
850
19% Mar
28% Oct
38 %i
38%
40
574
30 %
40
*
-*
Apr
7%
Oct
Sep
7%
49%
200
5
Jun
8%
600
7%
Sep
10
Feb
72%
74
442
58%
Apr
74%
Jan
55 Va
160
41
15%
735'a;
7%
8 %
54%
~8%
_20
capital—*5
common——1
Jan
21%
15%
100
49 %
50%
1,250
7%
May
Apr
44% May
113% 114%
preferred——*—100
Products
•
26%
common—
Lines
Air
Steel
Co
common——25
Carbon capital—*
2,300
Sep
1%
302
107%
Jun
1%
550
1%
Jan
1%
'
55 Va
Oct
15%, Oct
55%
Jan
119%
Jan
1% July
it
J
THE COMMERCIAL & FINANCIAL CHRONICLE
1404
Monday, October 19, 1942
OTHER STOCK EXCHANGES
Last
Co
common-
High
Low
.19%:
18%
19%
Range Since January 1
Shares
High
Low
•
,
for Week
Range
of Prices
Par
Walgreen
Sales
Week's
Friday
Sale Price
STOCKS—
15% May
375
191/b
16 y8
Watling, Lerchen A Co.
Oct
Jan
Sep
16%
161/2
50
11%
Western
29%
29 yB
50
23 %
Jan
29%
Oct
Westinghouse Elec & Mfg common—50
75%
76%
274
63 Va
Apr
81%
Jan
55/8.
51/a
50
1%
150
51/4.
51/4
100
54%
55%
175
Pump Co capital
——1
Union Tel common-——__10CK
Wayne
.
Detroit Stock
Wieboldt Stores, Inc.—
Common
—.
*
.
common—.—.—*'■.
Oil-O-Matic
Williams
Wisconsin Bankshares common—
Radio
Zenith
_*
Corp
'
Aug
621/8
SYs Mar
Oct
American Radiator St St San com—*
.,
Bethlehem Steel Corp
Curtiss-Wright
Telephone: Randolph 5530
27 %
—•
——_——1
58% .591%
V
8%
'
363
50
8%
'
Jan
■
53
.
Oct
May
5%
760
8%
•
Jati
28%
22% May
340
T
Oct
5%
Apr-
705
52%
27%„ .28
.
5iy3
common.
—
3%
826
5%
5%.
5%
27%
.
—50
Mining—;
Copper
Atchison Topeka «Ss Santa Fe com-—100
67
9
Jan
30
Detroit Stock
Jan
Jun
Oct
Oct. 10 to
Electric
General
7
—* —
1
Nash-Kelvinator Corp—
5
6%
View York Central RR capital——*.
11%
Corp common—
(Glenn L)
5%
15Q
7%
.
21%
830
30
28%
29%
-•
Co—-—.
•
Interlake Iron
Martin
Apr
7%
Jun
26
173/a May
Paramount Pictures
Inc
50
67/8
1,450
3%
Jan
6Ys
Friday
2,750
6%
Jun
12%
Oct
STOCKS—
Oil Co
Pure
(The)
16%
common
Radio Corp of America common.^—*
Republic Steel :Corp common——,—*
Standard Brands common——-———-*
Standard Oil of New Jersey capitals-25
Studebaker Corp common
1
17%
450
11%
26y»
*
—
—9%
——
27%
405
3 Ya
3%
31/4
3%
640
42% .43%
Apr
.
2%
Oct
27%
Apr
Oct
Baldwin
10%
Jan
Briggs Manufacturing
3%
Jan
Oct
19
Apr
Jan
5
13% May
550
3%
.
2%
902
¬
le'A
15%
7%
900
10
91/2
3%
17%
207/s July
Jan
Apr
43%
Oct
3% Aug
5'/4
Apr
31
215
5%
530
231/8
24%
230
13% Mar
24% Oct
12%
5%
•
131/4
266
10% Aug
13
5
Rubber
Yellow Truck St Coach class B——
>
1
—„■
'A Jan
1
4
4%
Continental Motors
215
&
Detroit
Edison
Nav
Cleveland
Gar Wood
common—10
Cincinnati Stock Exchange
10 to
Oct.
16 both inclusive,
Oct.
1%
Friday
Week's
Last
Range
of Prices
Shares
Sale Price
v
Par
Low
Range Since January 1
Low
High
High
Parker-Wolverine
Machinery—--20
Laundry
Champion
'
&
Paper
Fibre———*
Cincinnati Gas & Electric pfd——100
^
17%
7 "
"
7
19
Jan
175
•
14%
Apr
,100
v/.'
,
;
Apr
22
Investment
Sheller
Aug
18% Oct
86
Jan
9% Oct
77
Jan
Stearns
-6%May
9% Jan
68
r
Prod
7%
7%
171/4
—*
.
38%
3%
7%
17%
38%
3%
--
17%
51
50
1,260
114
•
38
1%
6%
16
39
July
3% Oct.
8% Jan
Jan
Jan
May
Mar
United
18
4
July
Universal
Gibson
ii—:
Art
Kahn
'preferred
Kroger
-
-
Little. Miami
guaranteed—r,—1—50 V
Lunkenheimer
:
Wurlitzer
.
;
Unlisted—
American
Walker «Sc
Co
_25
—*
——
Standard
Timken
%...
?;
3%
Brands
Roller
* *;
Bearing
Apr
1%
52
30% Maw
.5% Oct
."w
12
Jan
10% Aug
July
1% Jan
30
Jan
3
Aug
32% May
90
273
20
Oct.
16
both
41% Oct
3% Oct
43% Jan
1
Exchange
Par
Aircraft
Cleveland
'
Range Since January 1
High
5% July
100
110
alO'A
8%
7%
Feb
10% Aug
Jan
Jan
11%
11%
50
11
Oct
2%
Realty----,—-—*
Bandini
Cliffs
preferred
2%
200
2
Sep
Commercial
14%
3
Feb
64
230
55
11%
;
74% Mar
July
11%
603
10
Jun
8
8V4
90
6
Mar
8%
W-
8
40
6
Mar
8
Sep
113
113
113
130
110
Jan
115
Apr
—
Bookbinding-—^-,----—*
Chemical
preferred
■
100
14%
JSn
General Tire & Rubber
do_-v_--v-l—25
•,
B 'F
1
-1
-
Gocidyear Tire & Rubber—__
100
Kelly
cum
Island Lime & Tf
Lamson
"
-
Prior
Refining
.
National
Tile
Nestle LeMur
Upson-Walton4
—
Van Dorn Iron Works—
-
..
4
47c
18
100
3%
3%
•
2%
Feb
75c
Jan
'
Jan
Oct
18
Jan
400
IVi
Jan
3% Aug
Stock Exchange
Low
1.10
/—
—2
Broadway Department Store Inc
—*
Byron Jackson, Co
——*
Corp
8V4
Jan
Oct
300
10
Jan
14%
20
17
Jun
19%
Oct
20
116
9Va May
20
Oct
10%
425
8
Jun
12%
Apr
Jan.
65 %
10%
10 Ta
Oct
Jan
20 Va
a20%
Oct
2
IV4 May
5% Apr
v
Set)
5»/4
Oct
14%
14
a64 Va
46%
95
65
Oct
6%
—
SYa
340
4V» May
6%
Oct
5%
—
5%
400
4
Jun
5%
Jan
Apr
22%
Oct
4% Aug
6 %
17%
200
21
430
6%
6%
6%
4
5V«
1,050
21
—
3%
8
a65
J—*
2.20 May
50
7
19 Va
r.—*
Corp.
1,000
1,267
—
5
Corp
Oil
3 %
1.35
;:... —.j
common.-—*
.,—100
-1
Packing Corp
2.20
1.30
8
High
1.35 July
5%
a5 %
—
■
Low
1,600
2.15
2.90
a5 %
Range Since January 1
Shares
High
2.05
:*
for Week-
Range
of Prices
Sale Price
common——
Sales
Week's
Friday
La st—
i
,
Merchants
&
General
Motors
Corp
Bank—100
Nat
Goodyear Tire & Rubber Co
Petroleum
Los
Oct
Menasco
—1
Co—.—10
Co
Oct
28
850
18c
21%
21%
114
36
6
%
Va
100
40c
1.650
95c
Jan
Jan
7Va
Apr
1.30
Feb
23
Apr
1%
VA
July
35c
15% May
7%
Sep
.
———1
7%
Mar
28
Oct
12c
Feb
5Va
Sep
Oct
29
May
4c
a7%
—
a7%
1
;
Mfg Co
17
60
400
6%
6
Oct
8 %
22%
Jan
380
12c
12c
.
Jan
41%
Feb
6% Mar
11%
510
•
29
a28Y4
/
' 'w
10c
Corp—
Investment
186
22%
385
July
31%
495
8%
21%
—1
Co
Aircraft
Angeles
8%
21%
*
Co—.
Petroleum
Lincoln
Lockheed
8%
—10c
Corp
41%
40%
41
*
—*
335
30
360
a360
.
—10
common
Gladding McBean & Co——
Intercoast
.
Diablo
Mount
100%
30
Oct
103% Feb
12
Jan
Jun
5
Feb
a9%
-
'
'
560
600
2%
.
.%•
Oil
Mng
Oct
% July
Jan
1.90
Oceanic Oil Co
Gas
•
4%.
53
...
204.
1% May
..
50
1%
22%
.
592
Jun
36
150
%
10%
7VV
100
VA
100
10%
7 \A
a317'8 a31%
r
45c
Mar
Jun
40c
Jan
22%
184;
16
Apr
22 V«
Oct
29 Va
220
25%'Mar
29%
Oct
39
100
33% May
39
272
22%
32'
31%
31,
.
Feb
25c'
39
.
f
1.35
—
-
-
32
Apr
Oct
Oct
1.80
Jan
8%
200
1.50
%
1
2 7/a
53
Jan
%
Solar
Aircraft
Feb
Feb
1%
Oct
29%
Jan
Co
Jan
Feb
.
90
80
Oct
7
Jan
6
Apr
317%
Oct
5%
11
Jan
Mar
8% Mar
357/a
Jan
30
16%
16%
California Edison Co Ltd—25
—_—-25
—25
25
Original preferred—.;
6%
preferred B—
5%%
preferred C
Oil
—
Sunray Oil Corp.—
Superior Oil Co
:
Transamerica
Corp
Oct
.
..
Oct-
Jun
225
; ■
.
2%
Feb
Jun
2%
5 Vu
Feb
19%
Apr
20%
Jan.
40 v%
Jan
28%
286
Apr
24% Mar
41%
28%
26%
334
23
1,240
-
15
20
33
,
28% Aug
Feb
27
Aug
30 % July
30 %
200
257/»
Mar.
*
167/«
16%
17%
2,010 ■'
10%
Jun
17%
261/8
26%
27%
1,353,
18%
Apr
27 V»
Oct
1%
Apr
23/8
Sep
—1
——
Taylor Milling Corp.—
Sep
16 Va
*
of California—
Co
30'/a
19
.
'
Co
Jan
10% May
26%*
,
—.
30%-
pfd A„25
Pacific
24%
40%
—
.
—
Southern California Gas 6%
Southern
;4
36'%
200
;
'
4
;
5 V's
July
154
2%
2%
2%
—
——*
May
35
90
36%
30
—
3
10 '
1,300
4
a36 %
—
eViTwir
630
8%
3%
—
—-1
...
Sontag Drug Stores.—
Southern
Oct
Oct
21% July
4%
'8%-
———*
Security Co units of benef interest——
Shell Union Oil Corp..
—15
Standard
"
29%
,
40c
100
29 %
,a20%
a22
1st preferred
-——25
—-10
Pacific Lighting Corp com———*
Republic Petroleum Co common—1*
Richfield Oil Corp common—-——-*
Ryan Aeronautical Co
——1.
6 (ir
100
35c
35c
1
—
Electric common——_25
&
45c
45c
1
& Dev
Safeway Stores Inc
Unlisted—
—
2
45
*
■
-
'
.
125
4%
87/«
28
45
Mar
Oct
Oct
,
8%
40
5%
a87/a
1———*
2
*
100
45
2
,
.——25
5,975
4
10%
Oct
Apr
5% Oct
Jan
'
Transcontinental & Western Air——5
Addressograph-Mulfcigraph
14%
14%
140
26%
27 %
60
*
29%
29%
*
26%
27%
168
New York Central RR common—*
11%
12%
685
9%
Sep
12%
Oct
Black Mammoth Cons
Republic Steel
15%*
16 Va
52
13%
Sep
17
Feb
Cardinal
50
50%
Jr
al3%
13%
76
14%
15%
2,470
10
Apr
395
6
Apr
—~
85
-
15%""6ct
100
.10
cpm_.
Cleveland Graphite Bronze 'comGeneral Electric common—^
Industrial
U
S
Steel
Rayon
common
!
common—..:
_1
"
__
._*
*
common-
.
f
i
Union
Oil
of
California
;
14%
25
Universal Consolidated Oil——-—10
*
7%
7%:
7%
2c
2c
7,000
2c
5,500
lc
Aug
see
Oct
Mining Stocks—
Gold
Mining Co—10c
Mining Co.
—-1
2c
lc
•
page 1408.
7%
Apr
lc
,
.—ifc—
For footnotes
-
Jan
5%
■
Jan
i'/s
Feb-
3«/a
May.,;
-700.
.1%
13^4
Oct
1.00
16% May
"tOc
700.
■
Mar
■■■
.
Apr
100
■
12%
Feb
3
1%
/
2
Oct
Feb
22%.
'• ;....7-VV
*
Oct
43
9
1%
22%
»•
—
Weinberger Drug Stores
Sheet & Tube—
34
Jan
3 \A
52
—1
Youngstown
Jan
38 Vt
100
a9
*
—
28%
50
300
a9
—•
'
155
3%
•:
—
Oct
r-i O H
2%
"A"__—-
22%
9%
f'■ 52
—
Richrhan Bros,
Jan
3%.
3%
,
new—
preferred 6%—
11%
9%-
*
Murray Ohio Manufacturing———*
National
130
43
v-i O »—4
1Q1
'
34
-
43
,
*
Sessions—-
&
120
34
34
preferred—*.
50
a23%a24%
a22% a22%
■
Greif Bros Cooperage ''A''—.
Hanna/ M. A. $5
al4% al4%
/
^/
—_*
Great Lakes Towing
65c
.
Jan
2% Mar
»
'
t
Oct
Feb
Jun
1%
'
Mar
j t(;
100
18
4
..."—:
Pacific Indemnity .Co
;
Goodrich,
1ft
268;
260
Co,—--—:——1
Corp
Diamond
Blue
Pacific
Dow
49c
Sep
-
Oct
Oct
8
1
——_
-
64
64
11%
•
5
Corp common
Colonial Finance
43%
Inc.—-——50c
Petroleum
Bros
Barker
Mascot..Oil
Cleveland Cliffs Iron
•
G2c
70c
common—-—1-
Electrical Products Corp
Low
6%
alO
;
—
_1
Builders
•|1%
6%
Jun
li
2%
97c
Jun
2'/s
,
300
4%
•
Accessories
Lane-Wells
City Ice & Fuel———*
1 %
200'
3
Preferred
High
6%
Body————5
Clark Controller
-•
/ '
Mar-
.
Jan
10%
Apr
56c
164'-.
j iVi
.
79C
::'Jr':rirv:.-Par
Farmers
Shares
of Prices
Low
5;
206
2,450
Q3C
1%
3
"B"—_—
Hancock Oil Co common A——
.
Jan
'6
5%
1
Consolidated Steel Corp..
for Week
Range
Sale Price
STOCKS-
&
'
2'
Jan
8
Jan
2,445
Jan
Jan
Sales
Week's
Last
Coach
6V'a
12%
STOCKS—
Consolidated
inclusive, compiled from official sales lists
Friday
American
100
643
[2%
■
83c
~IV<
1%
1%
Aug
6V2 Jan
7
234
——*
Oct
Feb
23c
Sep
10%
7
,90c
1%
60c
1%
Cessna Aircraft Co——
to
15c
Feb
65c
21'A
/
Jun
100
500
2%'
—_—„—'
Chrysler
10
1
172
1%
17c
10%
Central Investment Corp—_—
Cleveland Stock
Feb
64c
Feb
Oct. 10 to Oct. 16 both inclusive, compiled from official sales lists
Jan
9% May
9
Mar
1.044
Jan
1
17% Mar,
17c
10%
Los Angeles
23% Feb
Feb
•
231
100
30c
Oct
Feb
99c
Jan.
California
Oct.
100
Jan
2%
3%
May
100
common--—.—L_*
29% Jan
: .101% Jaw
42 %
386
40% 41%
3% - , 3 %
39% 39%
—
1%
.—10
-
—
51%
10% -11%
10V8
10%
.11
.•
;__*
Motors-
,
. .
20
48
20
50?/#
Oct
22% Apr
97% May
305
50
60c
52c
1%
18%
,
2V2 July
6.200
87c
.
Apr
1% Mar
25Vi Oct
12
"
V-'
Columbia Gas
General
20
26%
99%
"
Rolling Mill———
3%
300
4% Aug
15
_1
common-
"A"
Aircraft
Warner
.
Juri
25
Feb
22% Mar
' 7
25
28%—-28% -39% -——83-- 25% May
v^
5%
5%
425
.4% Feb
—10
—
V'./V
City Ice & Fuel
;
—10
Playing .Card——
•
20
_*.
-
100
7
.
17
.15
25%
25%
99%
51%
*
—
Procter & Gamble common
,,U. S.
,25%
^
•
—
23
—
—,
-
23
25Vi
:7
5
-
-a.
78c
1.845
370
5%
Wayne Screw Products common—
Hilton-Davis
1.000
2,500
64C
•
;
Cooler
Jan
3%
2%
common—.—1
Specialties
July )
16 V-x
;
Dayton '^Michigan guaranteed—_—*
Dow Drug—L'--/—
———*•'
Eagle-Picher
JL-—„-.10
Formic^ .Insulation
Dist
95c
1%
Brewing common—---------1
Shirt
Feb
300
19%
_-__*
common—-
United
1%
,
52c
17c
Simplicity Pattern common—X,——1
Tivoli
Oct
1%
1%
*
common.
Manufacturing
(Fred'k)
4
19%
common.—
Mtl
5% Jan
59
Aug
101
678
135
,
70
9%.. 9 %
62 1 r62
9%
62
_„5Q
Cincinnati ^Telephone —
—
^
—50
Cincinnati Union Stock Yards--——* "
18%
75
75
Cincinnati Street
231
19% *20%
.20%
Peninsular
Prudential
American
9%
2% May
52c
-.—10
common
Car common..
Motor
Packard
6% Mar
500
80c
*
common.
Products
Motor
587
19%
common.——1
Oil
Sugar
Michigan Sugar preferred—
Sales
for Week
'
/STOCKS—!
McClanahan
Michigan
Oct
9%
4
3%
87C
Masco Screw Products common.——1
compiled from official sales lists
Feb
3%
1
_10
Kresge (S S) common
1%
2 %
Graham-Paige common—
1
Hurd Lock & Manufacturing com—1
Products common.—
Jan
15%
16
Industries common———3
Kingston
Jan
1 %
1%
1%
common--—1
Stove
Oct
Oct
21
15%
100
'
-
———20
common
Detroit-Michigan
'
.
4%
9
•
:'
j
7%
.
3%
j~l
Crowley, Milner, common-•.
Feb
160
21
1%
.
Aug
3
;
Feb
1%
21
*
common-
common..
5
100
'
^
High
Low
6
1
Range Since January
High
6
Brown, McLaren common———1
Burroughs Adding Machine-_—___*
Detroit
Rubber Co common———10,
U. S.
Low
Shares
5
—
common-
of Prices
Par
■
for Week
Range
Sale Price
Drop Forge common
Sales
Week's
Last
Oct
11% .12%
Exchange
inclusive, compiled from official sales lists
Jan
23%
6%
1
common
capital
Oct. 16 both
Jan
23%
common—
Atlas
Pullman
DETROIT
Jan
16%
Apr
Chicago Stock Exchange
,
Ford Building
51/4 .Sep
4V4 Mai*
40
Exchange
Jan
Feb
New York Curb Associate
Exchange
Stocks—
Unlisted
Anaconda
1
,
6%
2%
4% Aug
1,160
18%
16
.16'A
common———.*
.
1%.
.—
Co capital
(Wm Jr)
Wriglcy
Members
New York Stock
\
6c
,
Jan
4c
July
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4117
156
Volume
1405
OTHER STOCK EXCHANGES
Friday
Sales
Week's
■
-
~
Last
v»y
■
,
Low
American
Radiator & Stand Sanit
American
Tel & Tel Co.
*
Atchison, Topeka & Santa Fe Ry
130% 130Va
__
&2lVz
100
a27%
-
/,
734
...
St. Louis Listed and Unlisted Securities
High
24
53
al3%
131s
34%
34%
a2G%
130%
Oct
28 %
Jan
3%
Jan
Edward D. Jones
Established
53
Jan
29
62
g50Vfe
Oct
Sep
Apr
2%
125
5%
Jan
May
103
125
.
.
3'/a
a58%
„■
.
.
281/»
3V«
50
—5
4%
220
5V2
5%
—
—100
Copper Mining Co—_
Co (111)
&
Low
High
Stocks—
Unlisted
Armour
Range Since January I
Shares
of Prices
Pat
Anaconda
for Week
Range
Sale Price
STOCKS—
,
Co.
&
1922
Oct
705 Olive St.. ST. LOUIS
Bendix Aviation
Bethlehem
Steel
Borg-Warner
Caterpillar
Commercial
*
j-,-*
Co.—™
.
38%
<
Solvents. Corp—
& Southern
*
Corp.-,-
Electric
General
Foods
Goodrich
Feb
39%
Jan
58%
40
53%
Sep,
GO %
Feb
27%
75
22%
Jan
27%
Oct
38%
212
33% Mar
39 %
Oct
3%
146
2% July
3%
Oct
9%
2
8% Mar
9%
Oct
55
100
29%
8%
29%
485
22%
a33%
33%
20
24%
8%
;
(B F) Co
*
™i
a33%
V
24%
a24%
,™,
—
a
200
8%
Members
New York Stock Exchange
Jun
%
.•
Jun
4 Va
Associate Member Chicago Mercantile Exehauge
Jun
9
Jan
St. Louis Stock
Apr
29%
Oct'.
Apr
28%
Jun
13% Mar
24%
Oct
10
Oct.
to
16
Oct.
Motors Corp™.——_1
Nickel
International
International
of
Canada-^--*
Tel™„
Tel &
*
*
™
a4
r
30%
30%
__
a4
•
Feb
U
a{,y.
"
50
4
30%
Oct
American
Sep
Brown
Copper
Corp—
32
32
60
26% May
34%
44
10
37%
44
McKesson
Bobbins
&,
*
~™.
,
Oct
13
11
194
2,170
Oct
Dr
*
New
*
York
Central
RR——™—™_
„
11 %
6%
Jun
.12%
.
'
Brewing com™-"
—,
__
Pressed
Ohio
Car "Co..._-_™™
Motor
Paramount
Pictures, Inc_
Pennsylvania RR Co
.
Pure
12%
12%
*
™—
*
9%
%
2%
2%
16%
24%,
24%
24'%
Jan
Laclede-Christy
Clay
Piping
&
Missouri
Portland Cement
Candy common—.I—™—"
com A__
—1
.
Oct
Scruggs-V.-B.
Jun
24%
Oct
Scullin
Sterling Aluminum common.—
9%
10
8% Mar
9%
Oct
3%
3%
1.032
2%
Feb
3%
Republic
Steel
Corp
Oct
15%
15%
500
13%
Jun
17% Mar
53%
53%
53%
293
44
Apr
55
Steel
*
,™
Inc.
common
&
Co™—™™—™™*
Socony-Vacuum Oil Co™
Standard
Oil
—™„15
Brands Inc__
Standard
Co
9
a3%
33.8
152
43%
43%
110
9
2%
9
Apr
Electric
™„.™™'.
—I
Corp
Swift & Co—™-.v,___™
Texas
Tide
25
3%
Oil
Assoc
5%
5%
300
a2l%
21%
120
a39%
39%
51
__
a21%
25 ;
™
Co—™™-™..10
& Carbon Corp
10
Sep
5%
29
United
Air
United
Aircraft
Lines
Transport
73%
—
24%
Jan
Mar
39%
Oct
10
Feb
8%
235
Jun
73%
62% Mar
Hi to Oct.
Oct.
'
"
'
>
'
■'.;
'
.
12%
Feb
14% May
13
%
100
12%
Jun
15% Mar
13%
375
9%
Jan
14
8%
44
8
15
7
20
Bank
of
—
a23V«
24Vis
a49%
a49%
51
S. Steel
Corp.™-™™™™™-,.:™-™®
lG'/a
65
371
34%
.
40
5
Feb
6%
OcC
21
Jun
25%
Oct
55
32%
Jan
55
Oct
-
$1,000
Exchange
.
1
Low
—
'
5
Westinghouse Elec & Manufacturing.50
Willys-Overland
Motors
Inc..
75%
—
2
2
% Aug
6
4% May
20
6'%
a75%
—
1
194
70% July
100
6%
1%
1% Mar
75%
2
Oct
Oct
Philadelphia Stock Exchange
Oct.
10
to
Oct.
1 0
both
—_™80
A
Sales
Week's
Friday
-Last-
Barber
Budd
•
Stores
Tel
American
Co
5
Publishing Co
Prior
Coal &
Lehigh
Valley
National
Pennroad
0
common.*.
5% Sep
7%
313
1%
f,;
44Va
.
%
1,030
12%
20
&
33 X
420
870
29%
90
21%
—
:
148,.;
Jan
Hunt
4%
1,365
yy 3%
Jan
5
Jan
3%
14
2%
Jun
3%
Jan
2 Va
300
1%
Apr
3
Jan
4%i
4%
Oct
24
•.
31%
: ",o. 22
83
31%
9%
9%
14%
18%
4.067
-
115%
115
2% May
10,827
25 Va
135% 148
14%
"
—2—™.
F
3%
24%
50
Philadelphia Electric Co 4.4% pfd. .100
Philadelphia Electric Power 8% pfd -25
Corp :ri.
Development
Home
3%
'
127
:•
Jun
v
176
110% Mar
116
50
29%
•
Scott Paper
Sun Oil
A
.33
11%
35 V«
35%
96
25%
51%
72
43 Va
Apr
participating
Tonopah Mining
Transit
United
$3
%
preferred
—
-y
0
Improvement
common.
15%
•
4%
Jan
Natomas
.
_
Westmoreland
_
Coal
58
105
.
10.269
y
Jan
Occidental
Insurance
Jan
Occidental
Petroleum
Jan
/.t
Jun
%
Oct
3%
J3
Jan
16'/a
Jan
Jun
5%
Jan
106%
Jan
~
101%
91
Jan
Pacific
12%
131
10%
Jan
13
Oct
1st
—
.t
24%
24 Va
24'%
50
15%
Jun
24%
Oct
92
Mar
-
Service
Public
preferred
Co's
to
Oct.
J6 both
inclusive,
Friday
Last
STOCKS—
Sale Price
Par
Co
Byers (A M)
Harbison
Lone
-5
common
50
.,
For
footnotes
Brake
__™
see page 1408.
Inc
45
6
Feb
Co
Jan
Southern California Gas
Jan
Southern
—
9%
Oct
Standard Oil Co of
Jan
Tide
Feb
16%
Jan
Union
60
Jan
Universal
ser
A—25
26
16 =
Oil
Co
of
California
Consolidated Oil
25
10
Feb
Victor Equipment
6
Aug
Vullee Aircraft
Jan
23
Apr
30
Jan
Agricultural Co..—
20
Western Department Stores com
*
Western Pipe & Steel Co—j._™™™_10
Yellow Checker Cab Co series 1.
50
14
May
200
8%
78%
19%
Oct
Feb
Waialua
12
Apr
Oct
30
500
5%
Jun
15
15
287
12%
Apr
44
44
20
37%
28
8% Mar
40c
44
Sep
May
31%
Feb
4%
Mai-
5%
Jan
21%
180
15% May
24 Va
1.55
1.60
892
90c
Jan
2.20
Sep
4%
41/a
470
Jun
5%
Jan
14%
14%
132
1.30
1.30
.4%
4%
3%
7%
27
—
■,
201
12C
:12C
12c
10
10%
Jan
4%
Oct
Oct
9 %
Feb
Apr
7%
2.25
'r'.';
5c
29
Jan
1.35
Jan
Oct
Jan
12c
G% Mar
1,325
,
1.90
20% May
152
2.25
10%
Aug
5%
40
28
Jan
3
,:4%
100
7 V\
Jan
95c
460
1,544
7%
15
12% Aug
1,045,
4%
Oct
10% July
Feb
2.25
Oct
21
22
Oct
24% Mar
30
Oct
275
22
Mar
27% Jan
25
150
21
Mar
31%
31%
943
22%
3
r,
3
'
13 Va
v--
84 Va
31
32
97
500
97
50
;
.
•
;
8vs
57
;>
t,
9 % ;
40
8%
435
11%
,
% Mar
11
Mar
14
Apr
101
72
22% Mar
32%
July
Jan
pet
Jan
100
7%
Jan
13
Sep
8
Oct
15%
Jan
Jan
61% July
31 Va
8
Apr
11
Mar
26
300
4
Jan
July
,
May
87
1.20
10
3 %
Aug
Mar
May
.20.
100
14
16
15%
3
24
138
.
20
i
600
570
11 Va
3%
Jv-i
i
1.45
11
'
97%
220
93a
25 Va
1.45
'
10
57
25 Va
,2
10
8%
8
8
r*~
300
25% Aug
31% Oct
Apr
Mar
2
369
13%
84
.•—
Apr
90
70
97
96
XX
:
15%
1,408
27%
25
v
3,528
30
27 Va
31%
22
29.%
22
30
—
Jan
Feb
Sep
21 Va
4Va
25
16
4
1.30
.
Oct
9%
24
—
.
47
343
—
.
Feb
50c
Jun
930
1-55
,
Sep
33
Oct
Feb
July
28%
4'%
r
14
4%
::
335
12% Aug
Jun
1.75
Jan
Sep
Jan
13% Aug
5% Feo
20% Mar
17%
Jan
30 W
25% Mar
30%
Oct
17 V4
5.811
10% Jun
17%
Oct
26%
:
20
16 Va
—;
16/a
30%
27
1,699
18 Va Mar
27
Oct
10
™
;
275
10
50
91 Va
8%
Feb
Sep
11%.
200
Transamerica Corp.^.™—,
70c
55%
Oct
8%
8
California———♦
Apr
Apr
y 9%
Mar
91%
5%
4%
5%
14%
7%
14%
15%
7%
7%
2.75
2.75
200
....
8
86%
Jun
10%
Feb
Jun
96
Jan
———
Sep
4%
Jan
6
41c
^
Feb
6
317
.
47
^-1
Associated Oil common—10
Water
Preferred
9%
pfd
,16%
310
8 V'a
s
7%
»
Pacific Co.—™™™---T-™i.*
1%
Oct
10% Aug
10
13 V2
.,9%
41c
Signal Oil & Gas Co ''A!',
Soundview Pulp Co common—™—~5
™
.; ■
7%
13
Jan
40
8
25
—:
22%
■
108
13'A
1
common———
Aeronautical
Ryan
Apr
13 %
J"',
30c
6%
—
Fuel Supply..
—™™10
Fireproofing Corp com
Pittsburgh Brewing preferred™
Pittsburgh Plate Glass
—25
Sep
May
7% July
12% Apr
Mountain
Air
High
Sep
10
National
Westinghouse
Low
High
%
.10
Glass preferred—
Gas
Range Since January 1
:
™™——„
Walker Refrac
Star
Shares
6% Mar '"
__
Brewing™
Jeannette
for Week
5
Columbia Gas & Electric
Duquesne
Range
of Prices
83
13%
Republic Petroleum Co common—1
Rheem Manufacturing Co—n™_——1
Sales
Sep
139
99 Va
6% July
Apr
100" i
u"
—100
—
Preferred
16% May
-
Devonian Oil
Rayonier
from official sales lists
Week's
Low
Allegheny Ludlum Steel—™—
Blaw-Knox
compiled
38
Sep
Philippine Long Dist Tel Co„P100
Puget Sound P & T common..
9
R E & R Co Ltd preferred—
100
Pittsburgh Slock Exchange
10
May
10%
common—-_™—
Preferred
Oct.
32
10%
common—
— -™™_i--.
Pacific Tel & Tel common—.
Paraffine
75
xh
37%
120
1st preferred—
12
15%Jan
Mar
153
—1
5-:
July
32
11
July--
255
Co————-10
-1
25
5 % 'Jo
1st preferred——™——25
5%
1st preferred™.—i25
Pacific Light Corp common—.
*
$5 dividend ■
—,-9
2.50 Mar
5
12
13%
Aggregates.—
Pacific Gas & Electric Co common—25
6%
,
100
100
11%
-1Q
Coast
Oct
GVa
13 Va
y ,;
O'Connor, Moffatt class AA—™"
Pacific
2.00
100
2.15
—
55%
101
_
Sep
11 %
.-5
Manufacturing Co common—1
Auto Fibres common—™1
CO-™-,
*
35
;
::
,_™™_1
American Oil Cons—
12
..
.
Inc
4%
-
.
Jan
32
Jan
12 V2"
Jan
Mar
ft
Uld
88
15%
43
13%
& Co common——,
Calculating Machine,-
National
Va Mar
1,852
15%
76% Mar
"
13'/a
—7
Lockheed Aircraft Corp--™-:——
1
Magnavox Co., Ltd———1
Menasco
•'
»
preferred
Westmoreland
4%
200
%
:i a
14
Jun
20
'.3,«
«•
ftf
i>
commoii—-—
Corp
%
.
-25
.
pre! erred
United Gas
$5
__
.
Invest Corp
30
Sep
350
V
;\
preferred.™,—
Jun
11%
8%
Libby McNeill & Libby™
Feb
Oct
3%
12
8Va
15
Magnin
2.50 Mar
Mar
9
™
March
22
Apr
10
84%
13 Va
capital-™_™_-10
————
Jan
18
866
99
y,.
Sep
V 2.0Q
200
37
--.
52
Aug
3%,
31
.
.
Oct
May
60c
n\
,
2.15
,—
May
20%
50
30
100
1,005
31
;
—X.
Ins Co
36%
Apr
50%
20
22
—
15
Apr
50%
20
21%
10
Oct
Tacony-Palmyra Bridge—
Class
70c
50
Preferred
10%
7% May
„,.s'
«
—™
—
'
..
52"
70c
37
"
Leslie Salt Co———
North
_.™™™!
Reading RR common
52
;
Jan
Jan
23
16% Mar
™10
Langendorf United Bale class A——™°
Aug
32 Yi
Apr
M
&
Brothers
Feb
25 Va
Api-
136
f
16
31
Pineapple Co Ltd--.--™™—*.
Holly
Oct
2Va
50
Manufacturing-
24
.
150
410
11%
9 :
*
3
2% Mar
100
23
3%
25
Inc——
Oct
4%
.
4.:v
...
Salt
24-:
Hawaiian
Feb
Apr
■'
Hale
33%
;
.
14% July
Feb
70c
22
Greyhound Corp common.
Oct
27%
Jan
'v..'.'
1
52
——50
Gladding McBean & Co—™™™™:
Golden State Co, Ltd_i.^—
20%
28% Apr
41%
Jan
2%
2%
common—12%
Insurance Co—
Stores
Feb
103 Va
10
20 Va ;
General Metals Corp
Bros
7%
Apr
85
23
Laundry——:—™-™-*
capital—
2%
Merc
Jun
10
510
6 V«
Co
-41%
Jun
20%
it
Light
1%
'
Feb
Galland
5%
200
14
12 Va
warr)
Fireman's Fund
Jan
96
6%
(with
Preferred
8%
20%
4
Corp
Capwell
Emporium
Apr
---
Oct
'66
Jan
Feb.
40%
...
.
Pennsylvania RR.
Philco
Jan
32%
24
Corp voting trust ctfs—_
Pennsylvania
Oct
3%
20%
a
Navigation
KR
Power
11%
32%
■
Hardart (N Y)
134%
Apr
6% Mar
30
1
.
Products
Jun
6%
7%
7 Va
Feb
Jan
2Va May
41
«
Motors
Lehigh
;
66
1 Va
101%
12%
Jan
48
11%
64%
i
_
Storage Battery
Horn &
•
V 1%
9%
High
30
6%
64%
•
common
690
3
«
prel erred
General
7%
2%
6%
Chrysler Corp
Electric
123% 130%
3
_
<
875
11
7%
9
Low
High
10%
124%
Asphalt Corp
Wheel
Curtis
10%
Tel
&
(EG) Manufacturing common
Budd
Low
Range Since January 1
Oct
2%
96
"™;
;
common.—.
Glorgia Fruit Corp preferred.—100
Manufacturing Co—
"
Electrical
Shares
of Prices
2.20
Apr-
""
—
Doernbecher
for Week
Sale Pries
Par
American
Di
High
.
1%
1,440
8
83%
inclusive, compiled from official, sales lists
STOCKS—
>
Sugar
Low
1.35 July
3.15G
2
7%
^
Range Since January 1
250
2.20
14
N
20
California Cotton Mills common—100
California Packing Corp common
"
Preferred
—-—™—.——50
Central Eureka Mining Co common—1
Consolidated Chemical Industries "A"-"
Creameries of America common——-1
Crown Zellerbach Corp common
,—5
Calamba
Shares
High
2.05
i
—.
Sales
for Week
Range
of Prices
8
TVs
Co™
Jackson
Week's
>■■■
Anglo California National
California
compiled from official sales lists
•
Pictures Inc
Bros
Jan
195
;
Gold
Alaska. Juneau
Jan
Byron
Warner
Oct
Jan
9%
55
Par
._50c
Atlas
Co-.^™-™,—10
U.
'
■
Oct
United States Rubber
Aug
10
6 %
Sale Price
STOCKS—
Jan
27% July
Oct
6
Sep
8%
Feb
8
25%
Last
24%
20
4%
:
Oct
6'%
,
Friday
■
55%
29%
5 %
4% July
120
100
8%
__
:~r."
'
Jan
a29%
-.
Feb
32
May
5%
V
16 both inclusive,
Accessories
Aircraft
Oct
:.i 15%. Oct-
8% Mar
-u
'
26
———i
45% May
60
5
—™5
Apr
4% July
25%
Mining—™—10
Bank
.20
Imperial Diesel Engine
—_5
al5% -15%
Corp
Apr
'6
225
San Francisco Stock
Oct
Sep
220
73%-
10
*
16
Aug
2% Mar
8
V
—
Pub Ser 25-year conv inc_19G4
St Louis
.■■fr:.V.
Union Carbide
July
5
Jan
Bonds—
Oct
%
31
12
200
5%
Oct
20%
4
Jun
250
5%
4
7
'-V:'v'
.'
Corp (The)
Water
I
—™—25 i
Oct
July
115
14
'
Studebaker
Jan
13
13 V'a
13% V
™___1
15
common™
Jan
43%
31 % July
16%
103
Jan
July
5
G% Mar
173
*
25
——™_,
(New Jersey)-.
May
7% Mar
14%
—™*
common™,
i
Roebuck
Sears,
10
98%
Feb
13 %
.
St Louis Public Service
a9%
•
Apr
20
4%
5%
—
com---™.25
Oct
Wagner
America™-
4
14%'
j.,.5
com
2%
20
381
Sep
'
Prod
Supply common™--"
17%
3%
0
Radio Corporation of
common—
Mar
2
5
3
15
29 '
8
Oct
Jan
500
65
3%
;™
5
9!%
Shoe
14% Mar
T 315
;U.,
10 Va
6% May
150
/
May.
International
7. ''Aug
246
v
9 %
al6%
™
™
„„„_50
Co.-
Oil
9
—1
——
13
9%
Co™™™,.™-™—™™_-L„^
oil
Packard
1
Inc-
17
12%
5 %
29
Jan
National
American-Aviation
North American Co™
Mar
"
13'/a
10
225
15
13
14 %
14
common——___*
Brick pfd_™_—100
Hydraulic
Jan
7
33%
12%
4%
High
•
Oct
28% July
12%
—4
Electric common
5
.
25
102Va 102%
Midwest
North
3 %
™
Griesedieck-Western
V-
Oct.
16%
12%
common
common'™!:
Hussmann-Ligonier
Montgomery Ward & Co
105
Co_
Bottling
Pepper
Emerson
Oct
31%
25% Mar
12%
13
10% May
31%
11%
a
13
31%
—™™18
Inc
Apr,
30
3 Via
——™_10
--™—I
,*
Ely & Walker Dry Goods 2nd pfd™100
Electric
Century
Feb
a44
—
,
™™—™—4_,
Inc
1,465
16%
—
Range Since January 1
Low
5
29
coinmon™_.™l
Manufacturing
Shares
High
5
5
commoii---r;—™1
common
—---".V.
Shoe
Coca-Cola
Loew's
Range
Low
Investors
lists
sales
Sales
for Week
of Prices
v
Par■
Burkart
Kennecott
Week's
Sale Price
STOCKS—.
Jan
4%
Last
•
Exchange
compiled from official
Friday
12
24%, Apr
2%. Jan
145
.
inclusive,
both
.
:
Graham-Paige
Bell Teletype SL 693
New York Curb Exchange Associate
Oct
6
10
CEnrral 7600
Postal Long Distance
Chicago Board of Trade
Jan
3%
?
Phone
St. Louts Stock Exchange
Chicago Stock Exch.
.
&
a4
Co™
Corp—™
„
,
4%
.3^
.1.
__
Corp.™.™™—™—.1
General
13%
Aug
a9%
*
Continental Motors Corp_™-™™—™l
Curtiss-Wright
10% July
31
—™—™10
Co_
Commonwealth
a
90
38%
:
5
—
Tractor
Service
Cities
Corp
Corp
;
™
5
Corp™—™—™™
10
3%
Locomotive Works vtc——13
Baldwin
Co common
-__™™—
1
11,469
,
8%
23
23
8%
23
,
5%
855
:—
1
Jan
10
May
15%
240
.
4
6
Mar
1.95
Jun
400
6% May
60
13 % Mar
2.00 May
Oct
Oct
7 %. Oct
3%
Jan
10 Va Mar
23
2.25
Jun
Feb
2.10
~—
'
2.10
116
17V4
~-
17%
100
13
Jun
17%
Sep
130
24
Oct
31
Jan
24
25
*
■>
•'
,
*
f
»
1
«
r
'
•
"f
«,
*
,
r
I
T
,
THE COMMERCIAL & FINANCIAL CHRONICLE
1406
Week's
Friday
Last
^
Range
Sale Price
STOCKS—
of Prices
Low
Par
Sales
Friday
for Week
v
Range Since January 1
Shares
Low
High
ion
& Tel
14
American Viscose Corp
Anaconda
Copper Mining
Anglo National Corp
Atchison
128
——
a29%
30
27%
128 %
Apr
335
24
29
23% May
27%
313
3%
3%
360
52%
180
3%
-100
104%
935
a5iy8
—50
A__
common
Top & Santa Fe_—
128
May
Aviation—
North
American
Co
Onomea
Motor
Paramount
Co
—
Pennsylvania RR
Pullman, Inc., capital
Blair &
Cities
Co.,
5
Inc., capital
Service
Co
—
a34%
-—10
common
Consolidated Edison Co of N Y—
Consolidated
a
Oil
32%
Feb
15%
400
6%
100
8%
33
Oct
2%
2% Aug
11% Mar
6%
Feb
45c
July
30c
98
15%
—
—
1
1
3
31
75
1,166
a8%
!
Corp
45c
a2%
*
Curtiss-Wright Corp
35%
42c
43c
—x
15%
4% May
6
Riverside
Fibre
Board
General
Idaho
Prod
prior preferred-
Electric
Mary
Nickel
Kenn Copper
Corp
Oct
Socony-Vacuum Oil capital—
Jan
So
1.75
1.85
—_
4
Calif Edison Ltd
10
_—5c
Oct.
16
—
355
27% May
36%
125
20
24
3%
both
135
1.85
Sale Price
Asbestos
Shoe
Corp
Associated
Week's
19%
low
of
previously
odd-lot
were
should
the
124
year's
been
25% July
Range
100
3%
630
2%
Feb
3%
Oct
15%
20
13%
Sep
15%
Apr
5%
5%
50
4%
.
9%
125
19%
255
15 "
145
25
N
.25
26%
26%
3%
3%
—25
43%
43%
16
16
i._
...
J
Guaranty. Co preferred—..
;
*
,
United Aircraft Corp commonUnited States Petroleum Co:
United States Steel common..^..
"—Is
11%
Jan
Utah-Idaho Sugar Co
irn~5
Wailuku
Aug
Warner
Sugar
Bros
Westates
Jan
Western
common...
1.25
49 %
49%
734
2.20
.100
14
6%
11%
Sep
13
110
8
July
14'..
i
75C.
29%
29%
>
50
Week's
Jan
3%
Jan
Oct
14
6%
Apr
Oct
80c
24% July
Jan
29%
Sep
Oct
Sales
for Week
Range,
Sale Price
60c
1,500
.
Oct
55%
Jun
Jan
4%
Oct
Jan
1.25
2.10 July
12
Oct
16%
32%
K
May
44%
Jan
5
43%
Mar
80c
451
77C,
Sep
26% Aug
Apr
25% July
50
6%
6%
Oct
Jan
29
Mar
13
2,650
49%
—.5
preferred-—
45
1.10
1.25
•
3
30%
100
20
Pictures
.
9%
20%
Apr
Mar
of Prices
Low
119
!
Range Since January 1
;
High
119
Shares
Low
High
;
„
(Banque
National)—..100
103
150
115
Sep
120
120
120
23
118
Sep
152
Feb
140
140
140
140
125
Sep
188
Jan
Nova Scotia „—100"
215
214
215
58
214
Oct
273%
Apr
Royal Bank
120
120
120-
66
116
Sep
153%
Jan
Montreal
High
106% July
178
Oct
'6% Mar
23% May
486
30 %
Union Telegraph:.— —100
Commerce
Range Since January 1
10
8
'
Jun *
•
200
2.20
1
Co—^
Petroleum
Canadienne
20
109
27%
6% May
229
:
a30%
Par
Low
Oct
27%
Last
Shares
24%
a%
9%
STOCKS—
High
Oct
Sep
Jun
29
„
Inc
of
Sales
of Prices
Feb
(Canadian Bank)-..MQ0
(Bank of).——.———.100
of Canada—ii.;———-100
;
Apr
Apr
9%
Aor
19%
460
16% Aug
20
Oct
14%
335
13% Aug
17%
Jan
12
130
27%
2%
15%
al5%
•
—
12%
130
130
Montreal Curb Market
''
245
10% Aug
14 %
Jan
247
124% Aug
150 %
Jan
Oct.
10
to
Oct.
16
both
inclusive,
Week's
Last
in
STOCKS-
from official sales
compiled
Friday
and
included
■'
range..
2.60
19
Feb
15% July
19%
reported
transactions
have
not
Oct
14
Power Si Paper A—,
—*
Telephone Co of Canada—100
The
Title
19%
Bathurst
Bell
Oil
for Week
8
*
common
Brands
Banks—
109
8
*
—
Breweries
preferred
Standard
30% July
Apr
194
Jan
16
Feb
2
24%
Friday
11%
100
—
5% (k
Standard
Oct
Mar
3%
1.40 May
300
Oct
Exchange
Low
common.——*
common——
1.85
24 %
Feb
10
29
inclusive, compiled from official sales lists
\VPar
——
2.00
333
32%
May
Feb
25
.25
Sep
4
23
3%
1.85
STOCKS-
Preferred
112
31%
Last
Algoma Steel
29%
31%
'
Friday
Agnew-Surpass
4
Oct
25% July
2% Jan
320
a30%
—
«
to
1.75
8%
120
.15
—:
Jan
30%
50
;
Oct
Jan
Apr
2%
.25
common.—.
preferred
Aug
107
Apr
23
31%
Montreal Stock
Oct.
29%
4
—5
Montgomery Ward & Co
City Copper—_——
29%
% Apr
22%
2,300
29%
1%
1
15%
6%
13%
Oct
6%
105% Aug
775
a
Sugar Co_—
Mountain
30%
1.75
•
y.;
,
20
29%
•
common
106
60
29%
Canadacommon-.
1%
106
'
.
——1
Navigation Co—
McBryde
'
•
of
International Tel <to Tel
Matson
100
—
Co_—
Mines Corp
International
al%
—5
—*
32
May
17%
1
—
—__
"A"—
8%
May
6%
Electric Bond & Share Co
Cement Co
9%
High
12%
7% May
10
2%
*
;
150
a24%
—1
•
1,640
13 »/a
17%
a
—
—
-—*
Radio Corp of America
_a—.
Republic Steel Corp common.,..
Apr
2%
,
Low
12 %
12%
15%
—
,
—50
—
Bendix Aviation Corp
.
*
—.1
Range Since January 1
High
a9%
—
-20.
.
common——
Pictures common—.
Shares
11%
a
—
—10
Sugar Co—
Packard
Oct
11%
1—1
—
common
Jan
Low
—*
capital-
American
Jun
4
52%
Jan
Central RR
North
Oct
28%
Jan
3
29%
Jan
for Week
'
of Prices
Par
York
Sales
Range
Sale Price
High
New
Tel
Week's
Last
STOCKS—
Unlisted—
American
Monday, October 19, 1942
Sale Price
lists
Sales
for Week
Range
of Prices
Shares
,
Range Since January 1
■
,;ry
Brazilian
T
L
P—————1
&
11%
Bruck
Silk
Building
Mills
....
Products
Bulolo Gold
:—*
—
,1
*
Northern
Power Corp..*
Steamship common
*
preferred.-———
1
—50
11%
5
60
4%
4%
7%
7%
29 %
250
29
29
_*
-
28
28
Jan
4
22
Oct
July
J
Abitibi Power & Paper
6% preferred
Par
.
common.—'._..*
Aluminium Ltd——-—
12
55c
Jan
Sep
Jan
British
American
Oil
Jun
British
Columbia
Packers
5% Mar
Apr
27% May
5%
7%
Canadian
Celanese
preferred
7%
CanadianJEQreign-Investpxent
Jan
Canada
32
Jan
Canadian
Canadian
Class
Industrial Alcohol
6%
124
100
6%
290
4% Mar
7
July
25%
55
21% Mar
26
July
125%
Jan
124
125
,22%
22%_
145
120
Mar
60
15
Jan
23
&
Dominion
Sugar Co
Pacific
Cockshutt
Industries
Canadian
150
3
Mar
65
3
Mar
3%
Jan
6%
1,339
5
Jun
6%
Oct
Int'l
Canadian
7%
Oct
Catelli
Jan
5%'
25
6%
6%
Plow8'.;
Dominion
7%
6%
36%
7%
565
37%
36%
745
■
5%
Jan
32% Aug
24%
preferred
Textile
456
10%
25
10
July
20
150
Jan
151
———100
Dominion Steel & Coal B.——
.25
Stores Ltd...——.——*
Dominion
1,610
20%
10%
7%
7%
6
6
4
4%
common—.*
*
69
common....
151
7%
Dominion
Dominion Tar & Chemical
25%
20%
,
Bridge
—.——...i„*
Coal preferred—
25
Dominion Glass
Dryden Paper
69
i
4
♦
39
4
2%
2%
21% Mar
20%
Players Canadian
Corp....,—*
I'
5%
preferred
is
15
6'/
*
26 %
24
Jan
Jan
Jun
6
class
175
4%
Jan
3%
I
9%
Steel
100
Wares
(Charles)
72
6%
72
72
84 i V
Hollinger
Gold
Howard Smith
Hudson
Bay
preferred.—.. .100
common
.
—*
Mines.
5
Paper common.—.
Inv
Trust
5 Vo
Imperial Oil
6
84%
4
6.50
preferred..^'.
5.85
Preferred
4
2% July
3%
Jan
Oct
19%
Feb
Feb
6%
Sep
242
63
Apr
74%
Feb
25
84
Aug
92
Jan
25
2
Feb
4
Sep
6.75
1,550
9%
9%
9%
25%
"1,470
5.80
146
23%
•
9%
9%
9%
Oct
10%
Sep
14
Jan
22
Apr
28
Jan
Vickers Ltd common.
13%-
10
9%
1,505
135
7% Mar
10
Oct
9%
12%
Products
cumulative
Ltd
6%
6%
Apr
7
Jan
12
12
40
10
Apr
12
Jan
22%
22%
290
20
Feb
23
Sep
33
33
33%
835
29
Apr
36
Jan
Ltd—*
14%
15
420
11 % Mar
15
Oct
Lake of the Woods Milling common...*
18%
17
30
15% Aug
17%
Jan
4%
Oct
International
Petroleum
Massey-Harris
Mont
of Canada
...
Co
com..*
•
——
Light Heat & Power Cons..:
Montreal
Telegraph
3%
•
21
BrewerKs
Flour
Penmans
Power
Price
Ltd
Corp
Bros &
;
Ltd
Lawrence
Class
A
Corp
6%
2%
Apr
1,586
20
Mar
23 %
Jan
46
21
Apr
24%
Jan
22%
22%
403
13%
—......
common.—....
preferred..
.....
1,152
22%
Oct
Preferred
Wabasso
preferred
Cotton
...
Class B
For
Ltd
footnotes
see
1408.
160
38
13
20%
Jan
1.45
July
1.00 Aug
Apr
26 %
Oct
31
Jan
127%
40
Jan
Oct
161
9
155
Aug
175
Jan
75
38
Oct
40
Jan
75"
45c
Apr
80
-
•:
60c
60c
20c
May
25c
1.25
50
1.00
.
3
3
25
2%
Apr
7
209
5
Aug
v,':" 8
Feb
■
7
7
•
io
io
2%.
'
:
;
2%
2%
'
'v'v
•y-.r 20
■
v
V
y~-
5
450
26
Jan
25c
1.25
1.65
Mar
Jun
y. 7
Oct
9
Mar
2%
June
Jun
I-.3%
;,y, 1.90 Feb
1,822
-
3% July
Jan
20
20
105
20
Oct
■25%
Feb
2%
2%
105
2
Aug
4
Jan
9%
"
-
9%
■
—65c—Sep—
Jun
;
'
9%
10
6% Apr
10
Feb
:
•
2%
2%
2%
•3
•
19%
:
25
3
'
20
1.75 Mar
100
2%Mar
'14% Mar
640 v
-
10
10%
Power & Paper Co.
*
Maple Leaf Milling Co Ltd common...*
12%
12%
12%
.2%
2%
2%
235
13
13
13
605
common—_*
1.00
1.00
50
_——„_—.—.J——.10
5
5
25
MacLaren
Massey-Harris Co Ltd 5%
Preferred
pfd——.100
'
450
;
•
1V-i Aug
11%
Sep
1.75 Mar
Oct
Jan
Oct
13%
Feb
16
2%
-
Feb
Jun
10s#
Apr
13%
Oct
1.00
July
1.00
July
Oct
6%
Apr
•
5
12%
12%
250
11%
Jan
15
tr com.*
80c
80c
20
75c
Apr
80c
Oct
16
16
20
13
Api-
16
Aug
40
700
39%
Apr
45
Feb
76%
35
85 «•'
Jun
Robert
12%
90
3y#
3%
20
preferred——.*
Moore Corp Ltd———
_*
Mitchell,
Ltd—
Co
Montreal Refrig & Storage vot
$3
cumulative
Power Corp
Provincial
of Canada 6%
76%
1st pfd—100
76%
:
73
May
5 %
5%
10
Apr
6
*
72
72
10
75
Sep
75
pfd—100
,102
102
94
100
Jan
._*
1.15
1.15
210
Walker-Gooderham & Worttf (H) com.*
$1 cumulative preferred————*
45 Va.
46
150
19
19
80
7%c July
lVaC Apr
Transport Co.—
Grain
Ltd
Co
preferred
Southern Canada Power 6%
Walkerville
Brewery
Ltd———
Mines—
;
Bouscadillac
Gold
Dome
1.05
103%
Jan
Sep
Feb
Feb
1.15
Sep
Jun
50%
Jan
18% Mar
19%
Feb
16 %c
Jan
40
-
Mines
Malartic
Ltd
Mines
Mines
"l
Ltd,
..
Kerr Addison Gold
Ltd— IIII1
Mines
52
Jan
Macassa Mines Ltd—™
38
37
39
280
37
Oct
48
Jan
Malartic Goldfields
Oct
Mclntyre-Porcupine
Jan
loy2
Apr
17%
Feb
90c
500
88c,
Oct
2.24
2.55
700
2.50
Oct
2.90
Apr
3.20
400
3.00 Mar
4.35
Jun
6.70
6.70
300
G.70
Oct
11%
Jan
'.I
1.53
3,650
1.50
Oct
2.80
Jan
i
1.08
1.15
2,700
1.00
Oct
2.22
Jan
33%
100
33%
Oct
41%
Jun
74c
500
65C
May
88c
Jan
36c
Oct
75c
.
■'
Jan
Jan
22
2c
30
33%
III1
500
2,000
12
1.50
%'c
9c
3.10
1
l%c
90c
9c
.
9C
2.55
—
1%C
12
_*
Ltd——
East
4%
Jun
'
Aldermac Copper Corp Ltd
Sep
-a-
--
3
Mar
8
470
6
Sep
4%
11
Normetal
9
.
—
67%
13
10
11
Apr
13
Jaa
93
20
90
Apr
94
Jan
.
1.15
:1.30
675
1.00 Aug
9%
333
8%
Sep
15%
Jan
14%
776
12%
Feb
14%
Oct
67%
67%
55
925
58
Mar
66 Ms Mar
Mines Ltd—
—..1
151
37
*
*
2%
2%
20
—
152
37
2%
2%
2%
2%
20
21
10%
10%
6.70
—.1
_._.l
1.10
Mines- Ltd
5
Mining
Ltd
*
74c
Gold
Oreille
Gold
—_*
36c
Corp
Ltd
Mines
Mines
Mines
Metals
Si
of
—I
38c
3,600
1.10
600
1.00
July
1.62
Jun
63%
70
Jun
41
147
Feb
40
35
July
43%
Jun
Apr
3%
1.00
700
1.00
Oct
2.05
Jan
1.35
1.35
1.55
July
65c
69c
4,725
60c
Aug'
87c
Jan
27c 28
%C
14,000
27c
Oct.
49c
Jan
4,200
38c
Oct
65c
Jan
Feb
San
Sherritt-Gordon Mines Ltd—
Siscoe Gold Mines Ltd
Sullivan
Wood
Consolidated
Cadillac
Mines
1
....
Mines
Ltd
1,35
.1
Ltd
1
45c
1.30
Oct
38c
38c
1.12
1.12
100
1.12
Oct
l%c
1%C
1%C
18.000
1%C
Oct
4c
Jan
1.87
1.87
230
1.82
Oct
2.68
Jan
16c
16c
2,100
2.23
2.25
1,275
1
1
100
1.35 July
Oct
528
1,203
246
35
80c
85c
Apr
5% Mar
10%
Oct
152
3%
i
Jan
1.00
1
Antonio* Gold Mines Ltd.—
36c
1.07
Co—-.1
C—
B
74c
Jan
2
9
61
O'Brien
Pend
Pioneer
14
61
Shore
Jan
13
14%
"
110
93
1.15
*
4%
7%
—
,50
Lake
4%
•
100
*
page
131%
10
17%
100
common
40
TI*
41% Mar
___*
Preferred
Zellers
Apr
1.25
:
___•.
100
..100
Winnipeg Electric class A...
100
.—*
19
25
Tobacco
Jan
v
Aircraft Ltd—.
Sylvanite Gold Mines Ltd
Tuckett
13%
130
1.20
'
—5
Fleet
42%
Shawinigan Water & Power...
Steel Co of Canada common..
13%
26%
131
■"
.
19
,,
St
113
22%'
•
Paper preferred
Jan
200
15c
•
42
*
common
15
38
II*
."-L*
19
•
Quebec Power
Rolland
24
Oilcloth
*
—
15
1.95
Dominion
42%
Canada
Jan
159
,_15
preferred.—.
»
common...:
17%
131%
Falconbridge Nickel Mines Ltd—__
common
Co
21%
240
7
Common—.—•
Mills
of
3%
24
Noranda Mines Ltd
Ogilvle
6%
21
—.40
v.
.
National
Mar
-
1.20
y
common
Jan
Jun
22%
Nickel
\ 13
1.20
; *
Food
Reliance
25
common.
International
330
9%
Jan
8
■
£1
;
Bronze
Preferred
Feb
16%
15
«
cumulative
Melchers Distilleries Ltd
24%
Imperial Tobacco of Canada common.5
International
5%
—*
5"o
Jan
5
55
*
Ltd
May
pfd—100
Jan
15
25
„*
Mining
9%
4
Jan
82
Apr
Jan
Jan
5
16%
16%
*
B
Oct
Feb
Aug
2%
643
preferred—-—MOO
152% May
3%
66
Apr
9%
Mar
4
75
1.50
'
4%
Jan
,
15%
6%
50
150
'
General
Gurd
11
"
*
—
Too
176
175
Sep
'
Famous
Jan
1.50
9 %'
»
Dominion
109
_*/
3% May
3%
•
Sep
60C " "
3%
common
80
Oct
3%
Seagrftms
844
■
3%
Consolidated Mining & Smelting——b
Distillers
Jan
85
4%
common.._._*
Ltd
cumulative
>
class A..*
Ry—.
Mar
7
26%
Breweries Ltd
Canadian
—————*
B
Canadian
75c
May
Oct
29%
25%
com—
High
,
May
v- 4
9%
Preferred
Canadian Car & Foundry common—*
7%
participating preferred.,
—25
50c
300
1.25
_*
Ltd.——
55c
83
5
Ltd—.
Low
I-'~ 734"
5
—
102
Co
High
4%
.100
5% May
13% May
Jan
Low.
Bathurst Power & Paper Co Ltd cl B__*
Beauharnois Power Corp
....*
Brewers & Distillers of Vancouver Ltd_5
Apr
25%
45
11%
Mar
91%
248
Jan
Mar
4
295
7%
Jan
; May
4%
148
4%
Canada
Canadian Bronze common.....
40
316
96
6%
18
125
4%
96
~
220
8
4%
96
—100
.
1,326
12
8
_.5
—
——
4%
11%
common.:
Preferred
21
4%
A
Dredging
Canada Cement
Canada
class
11%
21
Columbia Power Corp class A_*
British
5%
11%
-
Oct
Oct
Wright Hargreaves Mines Ltd
—
*
Oils—
21
Oct
Dalhousie
Oil
12
Jun
Home
Oil
Co
Co
Ltd
Ltd
*
•
2.25
15c
Apr
2.05 July
22c
Feb
2.70- Feb
!
,
,
K
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4117
156
CANADIAN MARKETS
-
1407
Listed and Unlisted
-
Week's
Friday
Last
Toronto Stock
Oct.
to
10
16 both
Oct.
Exchange
Week's
Friday
Last
of Prices
Par
Power
&
Alberta-Pacific
Aldermac
6% pfd——100
100
preferred.
Corp.—
Paper
Anglo-Huronlan
Ltd—
of
Mines
Bank
of
Nova
Bank
of
Bear
40C
1.75
1.90
1,953
2
125
212
212
214
36
212
Oct
274%
205
13
205
Oct
274 '/2
Jun
18
18
10
12
Apr
7
7
2,000
5
AUg
-100
•—*
&
Radium
.1
—
4c
4c
52c
Feb
Oct
18
9%
Jan
6%c
Feb
94c
Mar
Oct
50c
Jan
188
Sep
2%c
.1,600
1.47
Oct
78C
2,000
51c
51c
Jan
*
8%
8%
25
.10 y4
6%
Aug
8%
110
110
126
102
Feb
11014
Oct
100
;
130%
130
132
73
123
Aug
150 y2
Jan
5c
5%c
2.200
10c
Jan
1
5%C
6C
»
Ltd—
«
11%
12
16
16
16%
20%
•':/
Jan
Jan
12
5
18
Jan
Sep
Apr
61c
Oct
4
29
July
1,000
1.13
845
11%
.
,
t
150
14c
'
u
common
...
2%
■
0
5%
„
..
•
Ltd.
Jan
>y;
lie
Jan
14
May
30
79
3%
2% Mar
Leitch
Gold Mines,
Loblaw
7% 's.
7
29
;•
28%
5% May
74% May
5%
232
29%
35c
1,861
'
8% Mar
4.40
Oct
Jun
62c
Jan'
7.00
6.50
7.00
2.82
2.80
2.95
986
8%
8%
8%
160
337
87
Jan
7%
Feb
Jun
29%
25% Mar
.
42c
Mines, Ltd..,
Red
Malartic
Lake
Gold
Gold
Fields....
Milling
Massey-Harris
5,025
38 %c
Feb
60c
415
19%
Oct
25%
Jan
150
17%
Sep
23%
Jan
1.58
15,375
83c
96C
5,300
82c
Oct
38c
4,700
30c
Mar
510
>5*4
40
4
1.05
2
Oct
1.47
28,165
2%c
3Vb
5»/4
1.19
yac
5%
1.05
2%c
1.00
Jun
Jan
2.85
1.68
Jatt
Jun
54c
Oct
2.22
Jan
l%c Mar
2%c
Jan
5%
Oct
3% May
805
2%
Apr
4%
lO'/a
Apr
13%
4
—20
13 '/B
13
13y4
825
*
3%
3%
3%
10
——100
85%
85%
85%
2
74
Jun
95
Porcupine Mines....—.—.5
3 4'4
33
34%
886
33
Oct
45%
Jan
45c 48 %c
2,530
44c
Oct
1.04
Jan
—
common...
^
Lake
Red
1
Mines
45c
'
McWatters
Gold
Corp
Oils
Mines
*
Canada
of
1
950
May
29 %c
Jun
200
19ya Mar
23 %
Jan
405
39
Sep
45
Jan
.*
22
22
22
45
22
Oct
22
Oct
24%
24%
25
145
24%
Oct
26
July
8%
8%
10
8'/4
Jun
9
30%
30%
25
*
6 %C
7c
25c
25c
42
43
70 %c
42%
74c
—*
5
1
Ltd..
Corp
preferred—
:
Mines.—
72c
35c
..
f
,
Loan & Debenture
Ontario
.....
;-i.
40c
35c
30c
'
30c
25c
—
12 %C
;
Jan
50c
Jan
Mar
60c
52
Sep
34c
20c
Sep
Oct
Jan
3%
Oct
103%
1
74,600
Jan
90c
2% July
3,500
14c
12 %c
23c
Oct
25c
41
6.600
103% 103%
''''
.1
...
,
500
100
50
Nickel Corp
2,500
K
Jan
6%c Oct
3,799
"
Jan
34%
Jun
28
863
6%C
1
...
Ltd
Oils
Jan
40
————_1
Gold
20c
Aug
1.40
25C
—1.
Mining
May
11c
21%
Corp
Negus Mines
North Star Oil
20c
40
—
Naybob Gold Mines, Ltd
Normetal
Sep
-.20
Ltd
Car
Oct
13c
21
'
,
Pipe class A_.._——*
Steel
Apr
85c
200
500
40
National Grocers preferred.
National
6%C
1,185
13c
23c
23c
8C
1.00
13c
13c.
*
common
Breweries
National
Jan
I——*
Light Heat & Power
Corp
'"•>
Sep
Oct
:Jan
4
8c
1
-
2% May
90c
__
1.00
*
:
Ltd.......
Porcupine
Montreal
Jan
Jan
*
Preferred
Mclntyre
Okalta
Jan
44c
96C
*
common....
Preferred
O'Brien
Jan
4.15
19%
1.51
1
common.
McColl Frontenac Oil
Moneta
12
10%
35c
..1
Preferred
Mining
Oct
Oct
6% Mar
18%
Mines—.1
*
Maple Leaf
Model
6.35
2,80
1.47
A
MacLeod-Cockshutt Gold Mines...—.1
Madsen
July
19%
42c
———.1
class
B
Macassa
59c
Sep
18%
Ltd
Groceterias
Jan
5
Oct
4% Mav
65
Jan
18c
Apr
1% July
—
50
...
Sep
144
7%
200
:_u_*
Ontario
Z
«
4
5%
36c
High
Oct
2.93 Mar
.—*.1
Ltd™—
Feb
7
2.80
Apr
u%
:
20
78
.
common-
2%
3%
0
Power.
91c
1.000
<!
5 %
—
common
14c
32c
36c
Candy Shops—.—3
Noranda Mines
'
6,613
Ltd.....——..1
Mines,
Secord
Oct
21%c
11,650
.
47/s
.11%
il¬
Oct
Jan
90c
38c
Jan
113
Jan
16c
6%c Feb
May
'
Canadian
Bank
Canadian
Breweries
of
100
Commerce
110
■
Canadian Canners class B
•
-
119
2
115
Sep
154
Feb
110
75
100
Oct
140
Apr
2614
65
26
Oct
30 V2
Jan
150
8
Sep
914
Jan
26
8%
__
—*
44—
119
110
„
common....-...*
*
_
Jun
9.30
9
...
_
_
Ltd.
Preferred
13
20,300 ;
..
28C
1.05
•—
...
20%
26c
27C
,
,
Packers
19%
«
Steamship Lines
12%c
Oct
Mar
6%
700
_
Building Products Ltd
Northern
4.40
3,661
0
common.
Cement
Mar
6c
1,690
11%
1
Ankerite Gold
Canada
4%C Mar
2,100
5.00
37c
34C
Lamaque Gold Mines
National Sewer
Broulan Porcupine Mines, Ltd
Canada
Lake Shore
Mlries
Laura
Moore
*
Oil
7c
4.70
4.80
_
Bread
.
28,745
34c
6%
10
Oct
100
Corp
Dufault
McKenzie
__
6%
3.35
'
3.10
Jun
205
—.100
v .-
Dominion
Preferred
Jan
500
British
Canada
Jan
85
*
Canada
Jan
c
139
Brazilian Traction Light & Pwr com
British American Oil.
ea n ad a
414
147
Oct
85
common..»...i..-
Mines,
Oil
2.65
Apr
May
85
139
.
Low
6%
IZIIZi
Jan
85
Mines Ltd
Calmont
2c
-
55c
139
_
Oil
Jun
14c
Jun
1.75
400
1,000
88
preferred
Buffalo
34c
805
2%c
Telephone of Canada—:.Bidgood Kirkland Gold Mines.
Brown
40c
85
Bell
Bralorne
1614c Mar
——100
—
Beatty Bros class A
Bobjo
38c
1.75
Beattie Gold Mines
1st
Oct
2%c
—
Exploration
Sep
y4c
Oct
Lake
Class
*
Scotia——.
Bread
7c
1,000
2914
Apr
2,600
Jan
7
Sep
21 %
—1
Toronto
Preferred
4
55
High
Ltd.—*——1
Montreal
Barkers
9c
J,4c
.
pfd.100
,
Wiborg Proprietary 5%
Gold
Bank
8%C
*
Ashley Gold Mining Corp.Aunor
'
14 c
Oil
&
:
476
Mines' Ltd
Anglo-Canadian
Ault
High
4%
Range Since January 1
High
3.05.
.
Gold Mines...
Kirkland Lake Gold Mining....
Low
29 '/2
Low
Shares
Range Since January 1
Shares
28'/a
29 »/a
of Prices
*
Canada
of
Kerr-Addison
4'/a
Grain
Copper
Gold
Amm
Low
Kelvinator
for Week
Range
Sale Price
lists
Sales
Sales
for Week
Range
Sale Price
Par
inclusive, compiled from official sales
STOCKS-
Abitibi
STOCKS—
8%
8%
Pacalta
Oils
*
Ltd
_
_
Gold
Perron
3c
2 %c
3c
2c
16,000
4%c Mav
May
85
Oct
103 %
Jan
12c
12c 13%C
7,900
12c
Feb
19c
Jun
49C
Page Hersey Tubes Ltd—
45c
50c
4,500
41c
Oct
11
1
Mines.—
11
35
10
Oct
5
85
85
...
Paymaster Consolidated Mines
1.35
Jan
'
Canadian Car &
common„'..»
Foundry
Preferred
J—;
Canadian Celahese
Canadian
Dredge
&
DockT
Canadian
Malartic
Canadian
Oil
Canadian
class A
Paeific Ry
Wallpaper ."B"
Canadian
Central
Central
*
preferred—i.—
Wirebound
Pat
Mines
Gold
Gold
11%
10
3%c
255
,.100
.105,
6%
Boxes——*
9
19
19
45C
22
20
'
3c
20c
8
/
4%c
4%C
4%c
Chesterville Larder Lake Gold Mines—1
42c
42c
45c
48c
48C
Willans
Cockshutt
Gold
1
Mines
?'
Jan
Premier
3 y2c
Oct
Pressed
46c
Jan
Feb
123
Jun><-
6%
May
Jun
20
Oct
Oct
1.30
Jan
Sep
1014c
3,850
42c
Oct
1.50
Jan
46c
Apr
50C
5,125
7
7%
560
20C
1,200
43c
43C
700
9%
9%
100
9%
Aug
35%
714
Commonwealth Petroleum,—————.* f
37%
960
32%
Aug
39
Jan
5%
74c
%
Jan
Jun
7%
Oct
18c'July
27c
Feb
43 c
92c
Jan
Mines
jLlik
—
Consolidated
Smelting
43c
Bakeries
Consolidated
—*
3614
US'/a
—_5
Consumers Gas Co of Toronto.,—.100
Cosmos
Imperial
Davies Petroleum
Distillers
_
_
Corp-Seagrams
♦
common-
Mines
Dome
Dominion Coal preferred.
Dominion
Foundries
Dominion Steel
&
class
Steel
*
corn-
B.__
East
Crest
Oil
Co
Ltd
«
12%
1.905
10%
155
Steel
Eastern
Products
Gold
Eldorado
Mines...
Falconbridge
Famous
Nickel Mines,.
Federal
Gatineau
5%%
Gold
__
214
«
Oct
Jun
10c
Sep
4c
Mar
32c
Jan
Jan
13
July
Feb
57c
Sep
;
Aug
29%
Jan
2.25
1,160
Aug
3.60
Jan
16
25
15
Oct
17
July
1714
305
15
May
22
Jan
114 c
2,000
2%c
114
20.
50c
50c
795
12c 13 %c
1,900
■
c
,214
50
20
:
5r,r
pfd
...
_
preferred
.100•
....
Mines
*
Ltd
....
.
72%
76%
72%
20c
Apr
3%
Sep
Feb
12c
Apr
Oct
20%
'
Oct
61%
Jan
50c
14% Mar
-
25
77
35
10c
•10c
....
13c
10c
70
;
8.600
9c
.....
Co
72%
76%
-
9,000
..J—_1
2c
2c
2c
50 %'■
50%
50%
62
„
preferred
Lakes
Great
voting
•
•
—
West
Saddlery pfd——.
Gold Mines, Ltd.-:
Gunnar
Gypsum
.
Hamilton
Harding
Ltd——.
Bridge
Carpet
Rock
Gold
.'Z—;
v
1
8c
«
lc
—
—t—1
Hedley Mascot Gold Mines.——1
'
—
30c
--
■
i:
8
.
;
24
'
10c.
'
c
Jan
77% May
79 %
,
Mar
Jun
20c
Jan
10 Vic
May
Simpsons Ltd
Gold
preferred
& Dauch
Paper Co.
490
..
'i
1.50
3%
3%
4J/4C
Oct
Mar
50%
Oct
16%
Feb
28
Jan
Oct
24
Oct
3%
210
28c
30C
20c
K-
;
13
;7%c July
;v:
2% July
190
3%
1.50
Home
Lake
Standard
Gold
' Jan
Jan
Apr
3%
3%
20%
Mortgage
Oct-;
55c
20c
1,000
20c
Oct
20c
25
5
6.55
5.75
6.75
3,952
9V2 Mar
5.75
Oct
10.50
2.22
2.25
1,700
2.07
July
2.70
25%
2,675
21%
Apr
28 Va
70
46
Aug
55
common™
100
7%
.7%
7%
34
7
Oct
9%
9%
9%
3,574
Imperial Tobacco of Canada ordinary.5
Preferred
—J
£
Inspiration Mining & Develop—..1
9%
9%
9%
290
6%
6%
25
15c
17c
4,300
6
6
80
International
preferred A__
*
Milling preferred—.100
International
Nickel
International
Petroleum..
Jellicoe Mines, Ltd
For
footnotes
*
common
*
!
see
page
...
1408.
1
110% 110%.
3314
1414
19c
Jun
Oct
81c
Aug
13,148
57c
Sep
97c
Jan
Jan
Jan
68c
4.05
241
Oct
6.00
7%
214
6
Apr
7%
Oct
75
85
65
May
89%
Jan
Jan
4.00
3,025
28c
Oct
49c
17C
9,700
13 %c
2'4c
15,000
3%
3%
180
Jan
Jan
Oct
34c
lc
Apr
6c
Jan
3
Sep
37/b
Jun
57
61
67%
55
1.23
11,775
7%C
67%
7%'C
1,000
-
1,15
.1
River Gold Mines.,—
Sturgeon
Sudbury Basin Mines.,—
21
61
<67
1,15
——
Sullivan
1.15
Mar
63%
39c
46c
1.25
10
10
1.30
1.25
1.35
6,560
96
96
96
7
20
20
20
65
66
42
Jan
1.96
Jan
Oct
1.10
10
70%
Jun
7%c
6,125
1.11
Jun
Sep
87C
3,835
1.10
.—67
■
900
39c
1.15
—
Mines—,_—„ 1
Consolidated
Sylvanite Gold Mines, Ltd——
1
*
Teck-Hughes Gfild Mines ——1
Tip-Top Tailors preferred.—.
.100
Elevators
Toronto
common
Toronto General Trust
Toronto
Mortgage
Uchi Gold
—
Corp—.100
—.50
Mines
58
58
1
3C
3C
;
—
Gas
Union
:
Oct
Oct
13%c Mar
1.70
65c
Oct
1.98
8V2 May
11%
1.10
Oct
1.22
Oct
95
Jun
2.34
106
Jun
Jan
Jan
Jan
Jan
20
Oct
May
76c
Feb
Aug
84% Mar
16% May
63c
50
Z'V 15
.
139c
5c
Jan
4% Aug
10%
Jan
Oct
1.24
Jan
Apr
5.00
Jun
lc
3,575
Apr
5%
33 %
5%
115
42c
57C
17,600
3.15
Canada
of
Co
3.25
500
3.00
5%c
'
Upper Canada Mines Ltd——..
Vermilata
51c
—1
«
Vulcan
.
...
-.1
7c
6%C
7c
3.000
1
Cols
Oils
Ltd.
Walte-Amulet
_
_
15c
15c
15C
200
3.75
2,946
3.50
Ltd.
Mines,
3.50
46
46
24
15c
lbc
1,100
1.05
1.20
250
25
2b
17
46%
46%
110
110
10
10
295
(Geo) Ltd preferred.—_ —100
90
90
5
*
3
3
122
46,:*
com.
,____1
Mines
Gold
Wendigo
Western
Canada Flour
Mills
Si
com.
S'V V'
Western
Grocers
Westons
Winnipeg
Ltd
•
;&■
«
common-
-u.
A__
•-
10
——
class
8%
34
7% Mar
; >
—
..
Mines
5
Aug
11
110%
Oct
1,216
2914
Apr
14 %
15
1,735
l.c
lc
1,000
1114 Mar
14 c
Sep
Jan
13c
May
July
15c
22c
3.40
Jan
40
Sep
Mar
8c
Apr
1.00
Sep
20
20
100
1.90
4,130
Sep
Oct
51
Mar
Apr
111
Jun
45
109
1.82
1.20
Sep
Jan
Sep
5
20
50
16%c
July
5
1.82
4.80
29
Mar
.100
...
Toronto Stock
10
to
Oct.
9% July
90
,
Aug
75c
Apr
6
May
1.81
Apr
11%
Jan
94%
Jan
3.00
Oct
20
Oct
2.90
Jan
Exchange-Curb Section
16 both
inclusive, compiled from
Friday
:
Jan
STOCKS-:
Canadian. Vinegars
Consolidated Sand
Jan
Dalhousie
714
Jan
De
31c
7%
115
36%
15
May
Oil
Haviland
Dominion
Oil Selections
Jan
Ontario
Oct
214 c Mar
Co—
Aircraft
Silknit
preferred
5
—
72
*
*
Pend
Oreille
Mines
1
Jan
7%
3%
Oct
81%
Feb
24c
Jan
4%
72
15c
July
Jan
16c 16%c
5%
5%
180
5%
Oct
7
Apr
21
20%
21
107
20%
Sep
24
Mar
2,%c
2,000
35
11
20
30
July
35
10
9
May
11
Oct
Aug
1.75
Jan
July
16c
2%c
2%c
35
—100
.1
2
High
July
1.55 Aug
5%
11
Mining Co
571
1.310
Scrip
Temiskaming
Range Since January 1
Low
30
2.00
72
1.80
72
•
Shares
5
5
1.85
^
for Week
of Prices
High
Low
—100
common.-..—*
Ltd..
,.
official sales lists
Sales
Week's
" Range
•
preferred
Bridge Co., Ltd.—
Jan
Jan
..."
...
Paper Corp
Oct
12 %
•
Last '
Sale Price
Par
9%
914 Jun
614 May
12c
Oct
41c
18
*
—-J—.—_
Wright-Hargreaves
•
0
common
Electric
Preferred
-.'ZZ
100
Ltd
Westons
'
...100
Preferred
Jan
Metal
Mar
54c
2c
.25
Jan
48
*
International
9c
4,600
15c
Feb
23%
47 V«
—...
2,100
60c
28c 28%C
Jan
24%
Oil..
13c
15c
*
Preferred
Consolidated
Imperial
2.05
Jun
11%
47%
__
Oct
1.18
28c
—__1
...
—
Steel Co of Canada
Jan
*
paid
II,253
..I
Radio—
Oct
14
11%
2.25
1.40
Sep
26c
11%
•
Erie
19%
Jun
6,020
.
common... 100
Bay Mining & Smelting...
<te
Sep
—1
Mines..
,
Oil
Hudson
Huron
16
3.00 Mar
Jun
2 %
,
c
'■v'; 3%
Oct
2%
200
*
Hollinger Consolidated Gold Mines
50
75
.—100
Mines
Oct.
Hinde
Jan
19
7%
Sep
May
,,11
5.500
3
39
5
1.50
'
<r4
Mines.—1:
.11
24
2%
L_1
—
—
1.1
8c
50
*
_
Mines
Hallnor
Hard
trust pfd
Sep
Sep
63c
67c
*•
Preferred
Great
Apr
3c
155
115
V:
Oct
4214
Apr
9c
3%c
1,500
Goodyear Tire & Rubber pfd——50
Mining Co.....
Oct
2
54c
..1
Ventures, Ltd.
2%
19%
,:
2c
1,000
-Jan
Jun
50c
:
24
Jan
2.30
Oct
10
19
19%
__
39c
Apr
-
4.00
Mines—_____1
Walker-Gooderham & Worts
Power
Gate
Apr
614
1%c
0
A
914
Oct
8
114 c Aug
80c
4,650
2.60
':>■
19%
17%
_
class
Mines
Eagle Mining
Golden
24
—*
common
Gold
Lake
God's
55c
24
1
Mining—_
Co of Canada
Francoeur
52 %c
—£
1
Aircraft
Fleet
Fleury-Bissell
Ford
52 %c
16
Kirkland
^
50
Candy Shops—
Farmer
Fanny
11%
2.50
Jan
Apr
V 8C
_
35
2c
3.20
17%
1,674
121
Feb
Oct
97c
47/a
12c
66 c
50a
Tamblyn (G) Ltd common
214c
24,525
*
.
Jun
'1.000
_*
(Canadian
Jan
500
3c
-
/
20%
Aug
3
1.20
1.34
Steep Rock Iron Mines,.
614 Mar
90c
Corp)
Players
Gold
Dairies
Silverwoods
Jan
614
2%c
♦ v:
Jan
4
11%
1
_
English Electric class A.——...
17%
'15%
105
'
"
2c
...
10% May
914 Sep
Apr
83c
0
24,244
2.20 Jan
Oct
16 '4
2c
-,il
25%
975
,
JIV2C Jan
Mar
215
:■
7%
'
232
■
6%
3%
1.20
r.
'10%7 Jun
OcT
21
1.910
85c
——_
—
.
9c
3,000
25%
.
30c
25
19
__1
Sladen-Malartic Mines
3C
Malartic Mines..
Eastern
Sherritt-Gordon
Siscoe
6
Mining
Duquesne
Oct
Aug.
'7%
20
preferred..
Jan
5,250
2c
.
121
—1
Mar
73B
*
Stores
57c
I,700
37c
121
'.__•
•
.
Sheep Creek Gold Mines
23
'
Dominion
Dominion Woollens
Jan
Oct
36c
20%
'
__
...
Senator Rouyn, Ltd
132
19%'
7%
75c
15c 17%c
——
__
Gold Mines Ltd..
San Antonio
May
18%
Oct
3%
_*
May
11
18%
Oct
35c
•
18
10c
98c
1.00
■;
1.05
Long Lac Gold Mines.
109
10%
12%
25
.
—
4,345
2,182
30c
'
a
24
24%
25%
*
1
.
20
9c
9C
_
1.10
1.02
35C
.'
37C
-
Mines————r- —L~
Mills
Royal Bank of Canada
Slave
-X:
Silk
...
Mines
"21
21
*
America
Jan
2.35
98c
;
1
113 % 113%
Mills—
1
1-
Sigma Mines Ltd—
"
Coniaurum
of
14%. Jan
Oct
1.00
1.C1
__
Mines
Dome
1.00
Jan
20c
___•
East
Queenstom.-Gold
Roche
C
B
Mining
Metals
Riverside
of
Royalite Oil Co Ltd
4%c
■
Plow
Gold
^
*.
Mines....———
Gold
Rouyn
Preston
Electrotypers—_
Mines
Oct:
Jan
-.10
17'/a
13,500
Cochenour
Powell
14%
&
Gold
Gold
Apr
45c
30
c: 9,775
v
Pioneer
Jun
Oct
5
:
>
55C
Pickle-Crow
July
27%
July
914
10
July
26
Mar
21% May
2,200
0
1
Mines..—
7
21; —105 .i: Oct..
6 7/«
55c
:1
4% Mar
10,600
105
6 %
9
25
,
Mines
Porcupine
15
20c 24 */aC
;
.
120
2414
314c
' 3!4c
*, y
25%
11%
'
Alcohol
500
2514
.25 i| 25%
—
6'/a
24
—
Industrial
Photoengravers
6
.
common
Canadian
Canadian
"
—
3%c
-
17/8o Jan |
1..03
1.10
4,150
85c
3%c
3%c
2,000
3c
3c
Jun
Oct
3%c May
7
THE COMMERCIAL & FINANCIAL CHRONICLE
1408
Monday, October 19, 1942
OVER-THE-COUNTER MARKETS
! >
Quotations for'Friday Oct. 16 '
'
'.
' Par
/
Agriculture
Surety
Bid
Ask
Bid
Par
Ask
■
122V2
^.——10
Aetna-Life
Jersey Insurance of N Y
50%
29
-
127%
48%
—10
30 %
28
-20
30 %
Knickerbocker—————5
'7%
6.55
——.
—
3%
4.34
stock—
Alliance.
American
>
7.36
Electrical
70
—10
20%
17%
19%
60%
63%
46%
6%
Railroad
8.93
——
Machinery
43%
5%
stock
.
Metals
.American of Newark-—2Va
13%
',' American • Re-Insurance———10;
45 %
5
Merchant Fire Assur—
Merch
N Y——4
Mfrs Fire
&
National Fire
48
10
—
57%
:
North
S HI
'.7.38
4.26
v
Amer
Trust
Series 1953-
American
Reserve———
10
10%
Surety
25
50%
'Baltimore, American—is.——2%
6%
Bankers & Shippers———25.
Boston—!
—100
•
National
7%
70'/2
8%
152%
157%
Casualty--—2
21%
23%
New Amsterdam
73 %
527
.
7%
Union Fire——20
——2
National Liberty—
.
27%
4014. ;
13%
New Brunswick————10
——-_5
Camden .Fire—-
New
Hampshire Fire.——,—-10
New
18%; 19 %
.13%
-15 %•
City of New, York—,.-———-10..
York. Fire,————-—5
■
28
North
Continental
34 %
36 %
Northeastern
38%-
40%
Northern
55%
100%
Casualty-———5
Federal;,——————10
Fire Assn of Phila——.——10
*
Quarterly Inc Shares——10c
Republic Invest Fund—
42%;
14%
9 %.
24%
__5
Firemen's of Newark-,.—-
;Fire-«-——-5
FrankUn
23%
3%
24%
4%
-12.50
78%
Fire——————25
90%
17.19
5.53
6,05
U S El Lt & Pwr Shares A—
11c
B J —— J———————
og-
II.94"
1.12
'
■
'
.
Wellington Fund—————13.05
5.20
4.40
,
14.39
...
; 2.81
>'
!
-—*
Investment
Banking
„
,
Corporations
76 91
75.39,
41% '
85 Ms
40%
42%
.Phoenix
Gibraltar Fire & Marine—10
14%
16%
„•
10
-
5
Providence-Washington
14%,
10
—
31%,
Globe &
—5
-
37
Revere
39
*-5
8%
..;Vr
15%
,
American———————5
26%
27%
——————10
23%
25%
(Paul)
—
Hanover
—
Seaboard Surety
19%
;
256
266
43
45
Security New Haven——10
Springfield Fire & Marine—25
35
119%
Standard Accident--———-—10
10
89%
Hartford St'e'amboller Inspect..l0
41 %
44 %
56
37.
123%
58%
,
Fire-—
Bankers
U S
-.100
:—
.
•
409
•
419
Fidelity & Guaranty Co„2
29
U S Fire—————--i——4
47
49
Homestead
Fire————10
Insur Co of
North;America-—10
13%
70%
Aeronautical Securities
—„
1
U S Guarantee—-10
77
30%
Affiliated Fund Inc——1%
A Amerex
1.93
2.12
13%
15%
Agricultural
2.69
Automobile
American
9.71
Group Securities—
10.64
Foreign5 Investing-lOc
•'
shares———
shares--.--.
—
-2
Oil Shares-
Axe-Houghton Fund Inc—
9.96
6.99
——5
preferred-
A6%
■;
-
2%
3
4%
3
■
Basic
10
Fund Inc,,——
Boston
2.91
-8
Industry Shares
12.77
i.13.73
Railroad
RR
6.30
3.89
4.29
,4.62
5.09
4.46
4.91
2.63
Mining sharesPetroleum
3.67
5.72
2.91
2.93
*
;
shares-—
Equipment shares—^
shares———
Steel
Tobacco
Broad Street Invest Co Inc—5
19.05
20.59
—1
11.17
12.25
Bullock
Ltd—--
Fund
Utility
shares———
2.40
25.73
9.15
Holding Corp
Income
Foundation
Chemical Fund-.Christiana
——»—,1
Securities com—100
Preferred
100
—
2000
,
2100
136
141
Commonwealth Invest™
1
3.34
Consol Investment Trust-
1
28c
-
Series AA
1
-
,
Accumulative series
Series AA
1.89
,1
•
1.80
2.17
1
mod—
Series ACC mod—
—
2,17
~-
'
2s
•
A8 %
Crum
10
15c
1:19
1.30
Incorporated Investors—5
Independence Trust Shares.—-*
X13.77
14.81
1.77
2.01
preferred———,—,100
118
—10
25 f
preferred———100
111%
ACommon
B
shares—
A7%
Cumulative Trust Shares—*
3.74
Delaware Fund—1
Diversified Trustee ^Shares—
15.23
■"'
—
—;
Institutional
Securities
Ltd—
Investment
Co
of
12.18
13.35
78c
,
71c
—.
1.01
1.12
America-—1017.40
18.92
8.98
9.18
27.31
29.91
Insurance Group shares
Series
B-l
D
.
1.
—————.
—
2.50
_
Dividend Shares,,
-
,
Series
B-2————ii
22.08
24.26
B-3
15.19
16.67
B-4—r
7.56
8.31
Series
K-l_—12.39
13.59
Series
K-2—
11.58
12.77
S-2—10.73
11.78
S-3-—7.75
8.55
Mar 15,
3.10
Jun
■Series
C
•
——25c
16.46
■
Series
Series
2.90
4.30
97c
'
——
!
S-4—
Knickerbocker
2,79..
Fund—5.24
5.78
4.85
1.07
Loomis Sayles Mut Fund—*
73.89
75.40
15.86
i6.8G
Loomis
30.38
9.44
10.03
_10c
6.83
Equitable Invest Corp (Mass) -5
Equity Corp $3 conv pfd
1
Fidelity Fund Inc
,*
Maryland Fund Inc.,—10c
3.15
Fund———1__—
Sayles Sec Fund—10
Mar 15,
1.1
Common
Financial Industrial
First
Mutual
Trust
Fund, IncFund-
16%
18
14.03
15.10
Mass
Investors Trust—
1.36
1.50
Mass
Investors 2d
3
4.75
5.35
Mutual
.—100
1.51
1.79
Nation-Wide
—10c
2.47
.—10
Fund—
Bank stock series—.
stock
series
Fixed Trust Shares A
Foundation Trust Shares
Fundamental
2.85
(Colo)
(Md>
„
Invest Inc
A.—1
2.95
—2
.15.61
■,——
General Capital
.
3.75
17.54.
7.83
Fund
8.42
3.71
3.45
17.11,
4.49
3 42
Corp————I«
General Investors Trust
1
Inc—10
7.92
8.66
series B shares
voting shares
•
.250
98c
National Investors
National
Corp—.I
4,76
Security Seriesseries—5.86
Income
series—
Low
28.18
,27.08
3.89
4.20
1,1943
1,1943
Mar
1.08
—3.53
priced bond seriesPreferred stock series——.—
New England
-
Fund.
1
4.89
6.46
.100
.
73%"
.2%
.11:20
100
Ask
Bid
——July 15, 1943
U%
—————Apr 15,1944'
U S Housing Authority—
1% % notes —...Feb
1,1944
11 Va %
•
b0.65
b0.75
b0.75
100.17
0.50
0.60
0.65
100.21
;
'
100.6
100.8
100
100.2
100,22
100.25
Other Issues
'!.>'■
;■•
'.
^
U S Conversion
■■
107%
109
127
3s——1946
100.17
100.21
U 3 Conversion 3s——1947
100.20
100.24
Treasury 2s March
1961
15 1932-1950
100
108
109%
.
128%
100.2
Ask
Bid
Ask
103%
Public Service of Indiana
103
102 V4
91%
Southern Natural Gas Pipe Line
108%
Virginia* Public Serv 5s 1957—.
Wisconsin Pwr & Lgt 3%s, 1971
107%
104%
—
104%
100%
101
104%
105%
Quotations For U. S. Treasury Notes
Bid
Int. Rate
Ask
32ds of a point
Int. Rate
Maturity-
$Mar 15, 1945——i—
1%%
JDee. 15, 1945—%%
100.6
100.8.
100.2
100.15
100.5
100.17
TMar 15,
1946—J—
100.18
100.20
tDec 15,
1946—
100.27
100.22
100.29
%
100.24
JVaS Nov 1, 1942——
3A%
1
%
%%
%%
100.12
100.31
99.18
100.13
100.14
t%s Feb. 1,
101.2
$0.65s May 1, 1943-
1%%
,
1
—
—
-
99.20
Certificates
Rates
t7/fls Aug 1,
;
1942
—
—
1942
1942
Ask
•
100.2
98.31
99.6
100.2
1943-
——
b0.41
b0.50
b0.65
b().77
0.36
.0.47
■
0:63
0.73
Bills
quoted.are twr"dlfecbunfc at purchase
0.28*%
Bid
Ask
b0.375
b0.375
b0.375
b0.375
b0.375
b0.375
25, 1942
—
1943—_
Dec. 2, 1942—
—
98.29
1^ %>■■ ■
99.4
1%%
100
100.15
Bid
:—
Bid
-100
of Indebtedness—
United States Treasury
28, 1942
Nov.
53%
172
~
^-12
Figures after decimal point represent one or more
Oct.
12,
162
—25" ""•70%
3%s, 1956———
1972——-
3%s,
21, 1942_
18,
-100
,
-i—I
100.5
99.29
v
Bid
1945—
Nov.
Yor^.—»
Panama Canal 3s——
100%—
1943————
Nov.
5.15
& Co——.
(J P)
,51%
Quotations For Recent Bond Issues
1942.
4,
—20
Preferred
United States——...
■■■
! ;
May 16,. 1943
16, 1942 at 100%-
Oct.
2.71
27
'3«% •36%
•
Ask.
Treasury bills—
Securities-—
Nov.
Bond
Fimdamental Trust Shares A__2
B
16.31
.1
_l
7 42
Invest
Fiscal Fund Inc—
Insurance
1, 1943
Apr
Sep 15. 1944_
SSept. 15, 1944_
23:86
Balance
1, 1942
Sep
.Feb
-
15, 1944-
'
Stock
100.3
99.27
;
*A%
Jun 15, 1943———
1%%
1943—
1
%
Sep 15,
—1%%
Dec 15,
.JMar 15,
7.52
22,19
15,
Manhattan Bond Fund Inc—
& Howard—
Banks—
MaturityDec
31.00
Fund—1
Eaton
1, 1943
Feb 15, 1945
..May
-
91
Penn Electric
24
—25
49
2%s 1952——
Macy (R H)
1175
1125
-100
Reconstruction Finance Corp—
103
Scries
■'
'
35%
;245% ^ZbOVs
Cent 111 Pub Serv 3%s, 1971——
Series
--
& Forster Insurance—
.%
40
:
■
Empire Gas & Fuel 3%s, 1962—
—
.
26%
1943
Call Nov.
3.29
10c
Common
Investors Fund C,,——--1
24%
,
"VIV.;Bid
l%s Jan. 3, 1944—
Call Jan. 3, 1943 at
Keystone Custodian Funds—
ACrum & Forster common
..
11%
10%
r
Obligations Of Governmental Agencies
——
Inc
Bank Group shares-—-—
1.80
1
—
-
2.73
5c
Fund
Aviation Group shares—
Corporate Trust Shares———1
2s
3.63
30c
—20
76%"''• 79%"
Federal Natl Mtge Assn—
4.26
2.98
1
3.00
23.92
•
8.45
Inv
3.86
2.47
;
shares————
A Huron
Fund Ltd——1
Century Shares Trust,—-,——*
Canadian
—-U—50
ilOO
;
—
3.24
j
—-
shares
1%S
7.29
:.
shares————!
Merchandise
-
5.66
6.63
3.32
—
—
bond shares—-——
General
y; -
common—
Title Guarantee .& Trust.
—
V/Bs
Electrical Equipment—
10.71
,
—Ll
ACommon
: •;
66%
..
Manufactqrers
Exchange Bank & Trust.20
l%s
5.11
shares————
Food shares
Bankers Nat Investing-—
'40
38
62%
-———100
Federal Home Loan
6.35
Aviation
5%
4%
—1
——..——10
34%
Building shares
4.64
Chemical shares——5.14
—
Assoc Stand
4.27
Ask
Bid
Par
Morgan
tl%%
5.01
28
29%-
.—:10
New,
% %
■
4.55
3.87
.
26%
28%
Irving
Kings County
Lawyers —. r—_—1".
"305-
Commodity Credit Corp—
2.46
10
Holding Corp—
295
12
Ask
Bid
Par
1250
'
41
32%
7.11
American Business Shares—1
Ask
Bid
1220
100;
Companies
Ask
Corn
81
Westchester Fire———2.50
Ask
6.54
Bid
10%
Investing Companies
Bid
par
39
Guaranty
:
.
.
-12%:
28%
Chemical Bank & Trust———10
Empire
Par
10%
170
Continental Bank & Trust——10
~28 W~
11%
68%
26%
Hanover—-———Z.20
Central
,
New York Trust
—
Brooklyn
30%
,
Home^^—^ 5 -—2 7
48c
9%
Par
17%
•
162.
Bank of New York———100
Travelers
1|.
Ask
15%
—.13.85
:^•
92%
Hartford
33c
■
-17%
National—
20%
10
-
Bid.
—10
Commercial National——100
6%
62%
St Paul Fire & Marine
Great
AFirst Boston Corp—-—-—10
3.26
Par
■
Bank of Manhattan Co
9%
Republic
ABlalr & Co———1
—
7.36
.
1
New York Bank Stocks
2314
(NY)——2
—10
Fire——
-10
Corp
(Texas)
Shares———,2%
Selected Income Shares.
:
35%
5%
22
Selected Amer
Chase
Reinsurance
Republic
Glens Falls Fire
8^03
94%
39%
82%
——,
—
Preferred Accident-
General Reinsurance Corp——5.
'
1 ;v
82%
-2.50
——
Pacific. Indemnity CO-—--i--10 ;
10%
26%
,
—————5
River
Pacific
-—25
Fireman's Fd of San Fr
-
15.73
■
7lc
*
57%
97%
63c
29%
——
26
34c
25c
Union Bond Fund series B—-.
Series C——
1.64
Scudder, Stevens & Clark
Fund, Inc—
—!
Connecticut General Life——10
4.68
:
Trusteed Industry Shares
2.01
—-
Plymouth Fund Incl——10c
:
34c
Putnam (Geo) Fund—11,16
547
4.48
'
Trusteed Amer Bank Shs—
Class B_—25c
•
2.05
Series 1958-———————1
52%
—
ASeries A————————1:
■,
^
.Series 1955——i.1
1.79
-1
1.68
Series 1956-—--—1
11%
American
•
-*
—
X.n \
■
37c
——
64.64
5
1.93
■
■
ASeries B————i.l
5.74
shares
5.82
Trustee Stand Oil Shares—
;
'
h
■
Ask
12.40
59.76
-1
;■•
■■■
ASeries
MI
5.25
6.21
——
•
8.12.
•
3.72
-
No Amer Bond Trust ctfs
59 %
;
6.06
—
—
Railroad equipment
"Steel
14%
.
—1 '
Trustee Stand Invest Shs—
ASeries ■ C_„,
:
v
6.74
Oils
American' Equitable
Bid
5.23
11.67
Par
..
Super Corp of Amer AA—
;
H I®
M®
equipment—6.14
Insurance
22%
,-5
;
67
•
State St Investment (Corp.——*
■
5.35
4.85
,
—25
——
,
Spencer Trask Fund——*
6.92
Chemical
3%
l
4.79
9.39
—
Building supply—-—-i.-,
8%
Casualty—
——_1
Massachusetts Bonding——12'/a
Maryland
Agricultural
■•■
Sovereign Investors——
Aviation
Bank
Aetna: Casual &
;
•.
|
Companies
Inc^
Automobile
Aetna--———————-10
Ask
Bid
.-Par
Insurance
New York Stocks
0.30%
Dec. 9,
Dec.
1942-
16, 1942—
—
Dec. 23, 1942———
0.31%
0.33%
Jan.
0.33%
Jan.
6.
13,
1942——
1943_
0.33%
0.33%
375
0.34%
————
——
375
0.35%
.375
0.31%
Dec. 30,
Ask
375
375
————
—
0.35%
375
0.35%
.375
0.35%
3.9t
5.40
5.44
6.02
10.04
10.83
•No
S Cash
par
value:
lot sales,
b Yield price., d Deferred delivery, r Canadian
in range for year,
x Ex-dividend,
y Ex-tfights.
tin default,.
Federal taxes. A Quotations not f urnished by sponsor or issuer.
*Odd
sale—not included
bonds are subject to all
market,
JThesa
Volume
THE COMMERCIAL 8c FINANCIAL CHRONICLE
Number 4117
156
140<
Boettcher
(Continued from page 1380)
1
1
Refunding
$
New Capital
(Total
$
82,846,364
18,900,500
39,209,300
170,032,190'
222,479,821
140,956,164
97,114,003
103,091,600
76,827,430
18,527,000
5,806,500
61,685,570
—
February
—A—"
March
117,794,420
46,549,770
86,634,370
363,435,985
New
Capital
$
■
First
quarter
—
May
-
—
June
-
.
r
Second
*
•
• •
'
i
$
$
35,469,718
137,994,832
173,464,550
273,561,870
46,004,059
211,341,581
257,345,640
201,922,025
31,527,491
103.799,050
135,326,541
277,033,033
quarter
,
617,987 420
804,100,^37
113,001,268
453,135,463
'
566,136,731
39,469,665
192,497,442
251,672,652
63,874,177
146,650,400
260,976,300
59,175,210
108,898,100
89.787,130
84,280,300
174,067,430
204,307,159
9,771,328
101,476,480
111,247,808
yJ
1
27,509,976
58,600,000
28,445,586
90,916,785
194,260,627
417,673,232
611,933,859
158,733,668
378,254,222
536,987,890
726,488,088
380,373,444 1,035,660,652 1,416,034,096
271,734,936
831,389,685
1,103,124,621
49,833,450
67,938,134
242,447,950
112,893,538
292,281,400
180,831,672
68,006,465
65,594,785
133,601,250
32,719,350
July
...
August
September
Third
64,618,000
58,882,086
114,555,562
69,173,850
183,729,412
——'
296,149,084
910,217,500
133,697,550
401,829,900
195,656,013
Pierce
731,183,463
&
185,778,049
'457,512,985
322,446,837
789,110,070
Co.,
Co.,
Inc.,
<'
.
&
Slocumb
Republic!-*
Roth
Estabrook
Co.,
&
Co;j
Granbery^
Parmele
606i714,322
100.1617%
the
Weld
Wisconsin
...
Shields
Smith,
Public
&
Harbld
"I.'ii'-y
2Vs%-3%
Co.
Williams,|
E,!
Co.,
and
,
Service
Stone
'Spencer
Securities
Inc.,
Union
Co,
Co;,
&
Co.,
&
«fe Co.,
Co.,
&
White,
The
./-
4"
;•
serial
}
'
notes,!
refunding.
Price,
average
int. Offered by same bankers wha offered;
Purpose,
and
$20,000,000
1,252,325,958 1,709,838,943
Rothschild
F.
Stroud
Anthony
Co.,
Inc.,
■'
1943-1954.
due
&
Co.,
Co,
6,000,000''Southwestern
.
L.
Scranton
Blodget, Inc.,
&
&
Co.,
W.
and
Co.,, Tucker,
Whitaker
Corp.,
''Wood
&
Chas.
Co.,
&
&
Riter
Co.,
Agnew & Co., I. M. Simon & Co,,
Stein Bros. & Boyce, Stix «fe Co..
Webster
Trask
-•
&
Shuman,
Barney
&
420,936,273
&
Schwabacher
.*•
1,358,107,489 2,147,217,559
408,736,626
614,068,416
quarter
months
Nine
86,628,380
74,427,157
161,391,300
47,069,170
327,402,743
34,264,713
60,229,326
6,018,000
30,436,500
Brush,
Sons,
Inc., Central
Co.,
Doolittle,
Co., Newhard, Cook & Co., Newton, Abbe & Coj,
Paine, Webber, Jackson & Curtis, Putnam & Co., Rauschei;,
' "
226,975,234
&
Co.,
&
.waukee
107,180,735
197,102,123
113,390,374
363,052,103
86,019,070
1
...
months—^.—499,512,854
Six
186,112,817
115,641,003;
138,513,000;
&
billon
Eastman,
i
Brown
Skaggs
Goldman, Sachs'& Co., Graham, Parsons & Co.,
"
.
Alex.
Byllesby
Davis,
Mai;ache & Lord, Hallgarten & Co., Harriman Ripley &!
Co,, Inc., Harris, Hall & Co.,
(Inc.), Hayden, Miller
Co,, Hemphill, Noyes & Co., Horn blower & Weeks, W. Ej
Hutton & Co., Johnston, Lemon & Co., Kay, Richards &)
Co,, Kebbon, McCormick & Co., Kidder, Peabody & Co J
W. C. Langley & Co., Lee Higginson Corp., Loewi & Co^j
Laurence M, Marks & Co., Mason-Hagan, Inc., The Mil'-f
'
April
Co.,
M.
(Inc.),
"
Total-*.,
Refunding
328,616,342
275,687,665
227,012,100
115,287,655
V 52,928,677
75,609,375
$
$
$
$
87,185,826
56,708,875
rw--78,585,120
January
—+1940
Total
Refunding
&
H.
Co.,
Schoellkopf,
,
-*1941-
-*1942New Capital
1
&
Co.
1943, 1941 AND 1940
BY MONTHS,
SUMMARY OF CORPORATE FIGURES
bonds.
$35,765,000
1
—:
December
—.
—
Fourth quarter.—.
5
i
..''r'.'V!■ —
47,728,100
200,711,420
' 131,811,350
59,061,554
135,854,067
393,074,870
262,885,785
396,778,240
345,346,770
168,943,139'
93,942,646
62,198,558
334,579,682
OTHER INDUSTRIAL AND MANUFACTURING
*$10,000,000 Timken-Detroit
'f 468,376,837
198,495,874
:
278,869,797
two
773,869,098 1,052,738,895
insurance
500,000 U.
Z~~
.;
Financing in-. September
Treasury
•
Dated
91
Treas.
351,288,000
300,380,000
300,993,000
101,066,000
400,037,000
301,249,000
98,788,000
301,758,000
99,530,000
bills
bills
bills
day Treas. bills
day
Sep
30
91
Sep
21
Ctfs.
of
Sep
25
1 Vi %
Treas,
Sep
1
401,288,000
1,505,727,000
notes
1,606,178,400
notes
929,302,650
929,302,650
September-—
6,714,600,999
Sep
Depositary
Sep
Tax
antic'n.
for
Total
for
♦INTRA-GOVERNMENT
Total
f'y.
STATES, TREASURY FINANCING DURING
'$
'■■ \
:■
first
months
6
.....
July
n
20
July
1
3
July
8
ly
July 22
ly 17
July 29
ly 24
(
91
days
days
91 days
91
days
9% yrs
1
10-12 yrs
1
12 years
1-31 July
1-31 July
y
1-31 July
193,655,000
56,146,000
137,509,000
17,000.000
10,080,000
6,920,000
272,982,000
32,738,000
240,244,000
Total
.
•0.365
•0.365
351,861 000
99.907
*0.368
350,308 000
99.907
*0.369
2,097,279,
915,112, 618
Civil
a
a
Savings
Life
b
100
91 days
594,007,000
350,648 000
99.905
*0.372
91 days
Aug 21
91 days
Aug
3
20-25 yrs
Aug
6
Aug 15 11% mos
Aug 1-31 Aug
1 10-12 yrs
Aug 1-31 Aug
1
12 years
Aug 1-31 Aug
1
2 years
711,549,000
352,409 0C0
99.906
*0.372
Aug 19
Aug 26
May 5
Aug 14
Total
a
18
Sep 25
Sep
10
Sep
Sep
10
1-30 Sep
Sep
1-30 Sep
12 years
2 years
a
t
V
System,
99.907
B,
about
99.907
OF
99.906
'99.906
Security
*0.373
761,936,949
iy«
.
a
5,910,000 100
929,302,650 100
months-
19,369,446,427
and
July
1
b
•
•
^-7.,
.'/•?;/:;/;■■
■
;
$
-
Assurance
301,758,000
.
series A
3,A%
300,056,000
refunding
151,113,000
($1,000,000).
July 22
91
day Treas. bills
351,861,000
150,058,000
201,803,000
July 29
91 day Treas. bills
350,308,000
150,125,000
200,183,000
July 15
2%
bonds-
2,097,279,400
2,097,279,400
July
915,112,618
915,112,618
July
U. S. Savings bds.
Depositary bonds.
July
Tax
2,220,000
2,220,000
388,179,900
388,179,900
:—:——
"5^007,960,918
450,256,000
4,557,704,918
91 day Treas. bills
352,511,000
150,400.000
202,111,000
Aug 12
91
day Treas. bills
350,648,000
250,692,000
99.956.000
Aug 19
bills
91 day Treas. bills
2%% Treas. bonds
Ctfs.
of indebted,
U. S. Savings bds.
Depositary bonds.
Tax antic'n. notes
352,409,000
251,726,000
100.683,000
352,883,000
250,936,000
5
Aug 15
Aug
1
Aug
Aug
Total
for
August
—
101,947,000
1,236,107,300
1.236,107,300
1,609,327,000
1.609,327,000
705,498,769
705,498,769
7,031,000
7,031.000
417,944,100
417,944,100
5,384,359,169
903,754,000
4,480,605,169
Co.,
&
Telephone
150,073,000
91 day Treas
-
7 7,..
/
agent.
!
Issues Not
Representing New Financing
mon
with
1,698,500
stock
Emanuel
Manufacturing Co.
par), Prices $23A
Later
.
Life
45,000 Basic
,
t93,000 Food
Placed
Fair
&
privately
Stores,
187,500 Eruehauf Trailer
•77/\:''7/7 $l);. Price, $17Ma
due
bonds
First
.
Telegraph
(Fort
Co.
Wayne,
1st mtge., bonds due April
1, 1967. Purpose,
corporate
purposes
($1,500,000),
general
Placed privately.
1,
Corp.,
porate
($792,000),
purposes
tutional
pay
notes
J
($118,000).
other cor¬
with insti¬
Kidder,
7
'
Placed
privately
Kuhn,
&
Loeb
&
.
&
Mellon
Securities
Price,, $12%
Public
4%
Service
series
due
Co.
1st.
1972.
mtge.
Fenner
Price,
&
,'
.;7"'->-
shares 6% preferrec.
Offered by;. Blyth &;
77,
RR. 6,096
$48.25 per
shares
share,
per
of common
Offered by
Corp.
share.
j
$5)/
.
stock '(par
Originated with Shields & Co.
&
•»
Beane.
$19
per
Corp.
share.
9,000 common shares (par $5)1
Originated with Spencer Trask
Co.
.
Roebuck & Co. 22,000 shares of capital
par). Price, $54(4 per share.
Originated with
man/ Sachs & Co.
tl,193,500 Sears,
(no
1,447,500
stock
Goldr
]
Virginian Ry. 59,100 shares of 6% preferred stock (par
Price, $28'% per share^ Offered by Shields & Co^
$25).
&
Purpose,
Co. 1,500
$102'/a.
4%i
The
Strode:
and
Co.
.700,000 Safeway Stores, Inc. 7,000 shares of 5% preferred stock.
Price, $107 (4 per share. Offered by Merrill Lynch, Pierce,
<
bonds,
&
1185,500 Plymouth Oil Co. 15,000 shares of capital
Co., Blyth & Co., Inc. and Smith, Barney
collateral
refunding.
Price, 107 A and int.
Offered by Dillon, Read & Co.,
E.
H.
Rollins
&
Sons,
Inc., A. C. Allyn & Co., Inc.,
Auchincloss, Parker & Redpath, Bacon, Whipple & Co.,
Baker,
Weeks & Harden,
Bear,
Stearns & Co., A. G.
Becker & Co., Inc., Blyth & Co., Inc., Bodell & Co., Inc.,
trust
Peabody
Davis & Co. 100,000 shares of common stock (no
Price, $23% per share.
Offered by Smith, Barney
Co. and First of Michigan Corp.
1.
294,132 Pittsburgh & Lake Erie
7
stock
(par $50).
Price,
Co.
20,000,000 Southwestern
(pai
par).
investors.
5,000,000 Potomac Electric Power Co. 1st. mtge. bonds 3A% series
due 1977.
Purpose, working capital and capital expendiditures.
Price,
113 to yield about 2.67%.
Offered by
of common stock
Originated with Shields & Cb;
&
Clearfield
RR.
1st mtge.
1959. Price, $50Va. Offered by
Price,
U71.000 Schenley Distillers
($140,000),
di(4
jI
9,300 shares of capital stockl
Originated with Shields &. Co.
5,000 shares
Power
$100),
'
5s
...
177/v'.;:\7'
River
(par
7/ Co.,- Inc.-
*1,050,000 Inter-Mountain Telephone Co. (Bristol, Tenn.) 1st. mtge.
sinking fund 3%
bonds,
due June
1,
1972.
Purpose,
refunding
refunding
2,387,500 Parke,
and
Ind.)
of common stopkf
Offered by Shields & Co;
shares
Louisville Ry.
by Allen & Co.
per share.
June
Boston
stock
Co.
Franklin
963,000 Jamestown
bit
!I
Inc.
Price, $10 per share.
.
10,000
Inc.
Price, $4.50 per share.
Indianapolis
Co.'
Co.
per
Corp.
Refractories,
150,000 Mississippi
Insurance
shares of COihi
share. Originate^
12,800
,
Aluminum Co. of America 16,985 shares of 6% pr
(par $100), Price, $108 Vs per share.
Offered
1947.
'■
Co, ^
Mellon Securities
7/7■'*/.7.; (par $1)
UTILITIES
&
stock
•
.
Mutual
(no
.
14,031,142,827
300,056,000
May
Maturing
National'Life Ins. Co., through Battles & Co., Inc., Smitll
Landeryou & Co.
and White Weld & Co.,, as selling
agents.
■■
301,186,000
notes
Intermediate
Credit
Banks
%%
consolidated
debentures, due May 1, 1943. Purpose, refunding. Price
par.
Offered
by Charles R. Dunn, New York, fiscal
•
'^
W
Electric Co. 1st mtge. bonds 3?4% series,
due 1972.; Purpose, refunding outstanding bonds
($923,000),
reduce bank loans
($42,500), corporate purposes
($24,500).
Price,
104.
Sold privately to State Mutual
day Treas. bills
anti'n.
Farm Loan and Government Agency Issues
./ 7:
Sault
*990,000 Edison
day Treas. bills
Aug 26
■'
Public Service Co.
(Brookfield, Mo.) 4%%
bonds.
Purpose, refunding ($115,000), retire bank notes
etc. ($110,000).
Placed privately, .1
91
Treas.
>
$18,400,000 Federal
*$225,000 Consumers
Life
.
85,326 shares of common stock
(par $1).
Purpose, to discharge notes and deferred iridebtedness and reduce short term bank loans. Price, $ljl
per share.
Offered by Blyth & Co.:, Inc. 77\
•' ;
.
/ ■':h;"/r"::.^y \ '"■"'y"'■■{■
Stokes & Co,
91
5
"
New Haven & Hartford RR. equipment trust
of 1942 No. 2, 2% equipment trust certificates, due serially
1943-1952.
Purpose, purchase of new equipment. Priced
to
yield from 0.90%
to 2.55%
according to maturity.
Offered by Halsey, Stuart & Co., Inc., Ladenburg, Thalmann
&
Co.,
Otis &
Co.,
Equitable Securities
Corp.,
Gregory & Son, Inc., First of Michigan Corp. and Walter
8
Aug
Notes
(Issues
Years)
PUBLIC
New
Indebtedness
301,758,000
91 day Treas. bills
July
Beane.
$3,501,086
$1,390,000 New York
July 15
July
./•;/
RAILROADS
.
*2,500,000 Home
Total
A/'*/•.
.
5,338,303,600
.7
,
920,000 Chicago
2
Refunding
&
50,000
t;
Than Five
-
1
I
_7 Fenner
7
•7
0.65
a
$
6
Bonds
Long-Term
*0.370
401,288,000
1.505,727i000 100
1,608,178,400 100
FUNDS
Total Amount
Accepted
Type of
first
Insurance
Corporation.
::
Corp.
938,586 Rheem Manufacturing Co.
*0.369
about 1.07%.
USE
Total
Deposit
Capital Flotations During
September, 1942
6,714,600,999
and series C,
■
■
National Service
Corporation, and
at 75, and yield 2.90%;
0.48%
Dated
Fund,
Insurance
4
'
which series E have
of
7
j
shares of cumulative coh
vertible preferred stock, $2.50 series
(no par). Purpose
working capital.
Price, $51.25 per share and divs. Of
fered by Lehman Brothers, Wertheim & Co., A. G. Beckei
& Co.,
Inc., Union Securities Corp., Hallgarten & Co.
R.
S.
Dickson & Co.,
Inc. and Merrill Lynch, Pierce
Mills
f$200,800 Allis-Chalmers
*0.368
basis, a Comprised of three sepa¬
10-year maturity, are sold on a
series F have a 12-year matur¬
ity, are sold on a discount basis, at 74,- and yield 2,53%; and series G
have a 12-year maturity, are sold at 100, and bear 2V2%
interest,
b Comprised of six separate issues, designated Treasury notes of tax
series A-1943,
tax series B-1943, series A-1944, series B-1944, series
A-1945 and series C-1945.
Series A earn about 1.92% a year, series
series,
discount basis
Federal
'•/
*0.367
99.907
♦Average rate on a bank discount
rate
Fund,
Life
•
Details of New
350,874,000
——36,476,367,512
months.
9
Service
those
:
for
j
Fund,
Postal
Foreign
Savings & Loan Insurance
v.'
Total
Government
-'"'j-*• '<' Vr'.'yiV
b
400,037,000
''
September———
for
Retirement
Alaska Railroad Retirement Fund,
Fund,
2
402,059,000
929,302,650
Total
1,527,772,000
'"(■'7
,
5,910,000
Sep 1-30 Sep
0.369
2'/a
351,288,000
761,936,949
10-12 yrs
3,958,650,000
comprehensive tables on, the following pages;
the September and the nine months' figures '
for the corresponding periods in the four
years preceding, thus affording a five-year comparison.
Below we give complete details of the capital flota¬
tions during September, including every issue of any
kind brought out in that month.
■ -
5,384,359,169
1
|
MANUFACTURING
OTHER INDUSTRIAL AND
,
compare
with
J %
7,031 ,000 100
417,944, 100100
417,944,100
August--.---../
2
91 days ~~872,9~36~600
709,828,000
Sep
9
91 days
882,351,000
Sep 16
91 days
795,564.000
Sep 23
91 days
725,763,000
Sep 30
91 days
1,992,483.000
Sep 21 7 m 9 dys
Sep 25
2% yrs 3,636,638,900
11
Sep
705.498, 769
7,031,000
Sep
2
Sep
100
705,498,769
■■
for
Aug 28
Sep
1.609,327 0C0
!
merged into Southwestern Public Service Co.),
In the
we
352,883 ,000
99.907
1,236,107, 300 100
891,602,000
1,236,107,300
3,272,818,000
Retirement
Insurance
Federal
*0.372
Aug 12
mon stockholders of Community Power & Light Co. and
General Public Utilities, Inc. (which companies are being
$6,925,000
,
:■
99.906
-
per
'
5,007,960 918
352,511 ',000
7
was
$5
'
247,164,000
5,486,422,000
months——
Service
2
2,220 000 100
582.900,000
Aug
42,818,000
.;
Canal Zone Retirement Fund.
2
100
91 days
5
July-
'otal
9
289,982,000
September
♦Comprises sales of special series certificates and notes; certificates
sold to Adjusted Service Certificates Fund and Unemployed Trust Fund,
and notes to Federal Old Age and Survivors Insurance Trust Account,
*0.360
99.908
400
who
stock
of corrn
shares
of securities of
share.
Offered by
offered
the $20,000,000
bonds.
The!
first offered for subscription to
com^
Price,
companies.
bankers
common
7.
,
388,179, 900
\
2 years
--—
Total
Yield
388,179,900
1
f-i-u.^-r€onstittienfc
*27,391,000
August
!i
Public
;
164.900,000
56,046,000
while
par,
;j
925,000 Southwestern Public Service Co. 185,000
mon stock
(par $1).
Purpose, purchase
;
•same
100.000
28,655,000
at
taken
are
and all classes of common stock
preferred stock
$2,562,500 Burlington
99.909
value
par
September—
99.908
V
239,815,0007
165,000,000
—
Total
300,056 000
2,220,000
;
28,675,000
;■
AugustNotes
301,186 000
■
22.850,000
216,965,0001
%
301,758 ,000
671,366,000
646,058,000
650,704,000
697,266,000
645,242,000
3,849,495,500
915,112,618
91 days
91
July 15
8
y
y
:
i
July 15
ly 10
j
of
Service Co. 60,000 shares of 6Va%i
(par $100), Purpose, purchase!
/•;/ of securities of constituent companies. Price, 100 and
int. Offered by same bankers who offered the $20,000,000(
.bonds.
'' >]
903,284,000 /
18,525,000
268,490,000
—
Notes
$
Diocese
the
PUBLIC UTILITIES
cumulative
10,150,000
.
235,490,000
Certificates
19,369,446,427
6'months
first
Total
stated
a
$6,000,000 Southwestern
$
3,831,011,000
33,000,000
—
Total
1942
Price
Accepted
Applied for
-77,. - $
Net Issued
Retired
4,734,295,000
-
Notes.
/Amount,/vV
'•/ Amount
Due'
Dated
Offered
of
direct diocesan obligation,
computed at their offering prices.)
are
July—
Certificates
Certificates
UNITED
of
FINANCING
$
ii/;:
■■■The gross public debt on September 30 amounted to
$86,483,490,195 compared with $51,346,407,109 one year
earlier.
As Harold D. Smith, Director of the Budget, on
Oct. 6 estimated war expenditures in the fiscal year 1943
at $78,000,000,000, it will be
no surprise to see the
public debt of the United States expand rapidly.
Date
8,147,994,600 28,328,372,913
Issued
sold in August.
*
stocks
(Preferred
.
double the $417,944,100
$929,302,650, which is more than
.-ff
$801,000
5,258,919,999
1,455,681,000
36,476,367,513
1942
sold in September aggregated
*
-
Joseph, Supdrldr, Wi."i.
bonds due
154'3-1952
St.
estate
Offered by Dempsey-Tegeler & Co.
Bishop
preferred stocks of no par value
months
9
In the last three weeks of Sep¬
Tax anticipation notes
Catholic
of
real
Stocks
Total
aggregate of $1,905,546,000 was raised in Sep¬
tember of which $449,865,000 was new indebtedness,
,1
-
Altoona, Pa
1st collateral
trust
serial
bonds, due
1943-1955.
Purpose,
refunding
Price, 100-101.97 and int., according to maturity. Offered
by B. C. Ziegler & Co.
■//-
1,505,727,000
5,910,000
serial
2%%, 3%, 3'A%
761,936,949
bonds-
761,936,949
v
5,910,000
of the Sisters
3%'
Purpose, refunding.
M
1,606,178,400
bds.
Savings
mtge.
775,000 Roman
!
indebted.
S.
IT.
Offered by City Securities Corp.
/ LAND, BUILDINGS, ETC.
1st.
50,908,000
402,059,000
day Treas.
91
23
and int.
$26,000- Congregation
99,573,000
day Treas.
91
16
Sep
Sep
that an
so
1
9
Sep
offerings each week were for $400,000,000,
the
251,301,000
.
amounting to $761,936,949.
Bill offerings in the first two weeks of September were
$350,000,000 each.
Refunding
i,
350,874,000
day Treas. bills
with
$10,500,000
Indebtedness
$
91
2
Sep
'
tember
New
,v
.
Accepted
Security
2-,
!* Treasury financing operations duting September were5
ion a large scale, Amounting to $6,714,600,999 of which
$5,258,919,999 was for new capital.; This is the largest
amount raised by the Treasury Department in any month
this year.
Of the amount raised in September $1,606,178,400 was from the sale of 2% year 1V4% Treasury
notes and $1,505,727,000 from the sale of 7 months 9 days
0.65% certificates of indebtedness.
Sales of War Savings Bonds were larger than in July,
for
Total Amount
Type of
''
Pur¬
S.
100
!:
3%
10-year debentures;1
capital,
Placed privately
Co.
working
companies.
Machine Corp. 1st, mtge. 5% convertible sinking
fund bonds, due July 1, 1952.
Purpose,- refunding ($305,,500), working capital, expansion, etc. ($194,500); Price,
736,382,782 2,026,195.056 2,762,577,838
1,058,991,033 1,556,603,363 2,615,594,396
*Revised.
Axle
additional
pose,
269,880,963
— T-f—
months—
Twelve
;
•—
97,050,220
42,384,100
103,661,200
89,427,250
76,792,513
,
Sctober
ovember
1560,000
Blyth
&
Co.,
Inc., The First Boston
Corp.,
Peabody & Co., Mellon Securities Corp., Merrill
Pierce, Fenner & Beane, Smith, Barney & Co.,
Trask & Co. and 30 other firms.
(F,
(par
son,
Kidder,,
Lynch,
Spencer
W.). Wool worth & Co. 20,000 shares of capital stock
$10). Price, $28 per share. Originated with ShearHammill & Co.
$11,096,982
♦Indicates
issues placed
privately.
("Indicates special offerings.
1,0 0 1,07841
150,72841 14,0 0 74,29514 238,625
Refundig 64,95 60 "180,606
65,1360 5,60 0 21,59 263 92,34863
Total
s
148,05
$
—198
Capitl
$
New
Total
MOSYEFPETNIOAFVMTRBHSR
$
820, 0
83,09 40 1,07841
50 ,0 1, 9 ,150
Capitl 14,320.
s
New
Total
$
THE 127,30
836,0 0 3.90 , 0 1,5 8,250
FOR
FINACING
1040
Refundi g 63,57895
Capitl
$
New
Total
S
63,728015 2,702 1,58250
20 ,0 0
195,6 013 26,95 0 51.3 ,17
Capitl 2,140
8,457 0 3,67213
New
Total
''
$
48,560 8,562 0 1,863,586
— Refundi g 30,4650
$
—1942
Capit l
New
$
18,0950 8,562 0 1,863586
1,837 41
1,837,841
16,39 0 26,950 20,75 0
S
2,612.0 30, 0 24.0 ,0 25,0 0 74 ,40
13,7650 21,790 1,60,0 "360,6 6 370,0 41,250 5,30 760
60 ,0 230, 0
3,70 , 0 26,8950
1,0 ,0 130, 6
Total
18,94385
OSFYEPITVAMBR
2271039,3,91,2650158647
58, 2086 18.40, 0 23,19532 50 ,0 10,97 418
50 ,0 0
30,4650 18,40 0 6,56,15 5,89265
3,4760 64,9510 19,05 0
SOUM FARY
127,30
Capitl
S
Total
65,13 60
2,612,0 30, 0 25.837,41 25,0 0 74 ,40
84,937241
1,69 ,150 "360,606
5,3607 6 96,214 50
24.965,0
60 ,0 0 230, 0
53,70 0 80,1950
1,09,150 130,6 0
1,60 ,6 18,09150
52 ,0
5,4 8,250 3 ,4760 64,9510
23.94,250 875.0 0 530. 0 9,825,0
20 ,0
1, 79,80 7,90 , 0 46,30
7,2 4,785 "4967 6
3.560, 6
615,3947,86"0■25
325,0
4,278,450 25,760 18,5210
875,0 40,0 0
6,325,0
.68,045
7,50 , 0
195,6 013
740, 0
70 ,0 0
836,0 0
836,0
4,058,250 875,0 0
836,0 0
836,0
97 .80
-
_J
:.
;■ ■
—!
:
3,078,450 875,0 0
25,760 18,52 0 13,59105 46, 60 6.0 ,0 63,728015
Z"
New
41^824.0 16,80 7,13^60
50, 0 53,0 0
|:|p
J"-:
5,07 ,52
$
41,8970 104,95 0
178,02
15,8 0
2,498,30
3,012,0
5,10,30 34,870 102,9830
Capitl J 7,06,0 5,30, 0
8,50 , 0 "230, 0
1,06,0 2,140
2,572, 5
3,052,48
6,50,0 12, 4713 7,06 ,0 7,92 , 25
Total
1,390, 0 35,76 0
10,5 0 "BOIMW
48,560
6,9250
3,501, 86
Refundi g 29^30,
305, 0 801,0
30,4650
10,9450
18,0950
"...
New
:7V-;V.
$
—1942
$
New
T
V■
16, 9465
6,0 4, 8
Refundi g ■ /; 34,870 9,60 19,70 176 4,6
—1941 $
CAHARNTDE Capitl 1,390,0 6,435,0
28,45 86 16,39167 45,084753
9,30 , 0
150,72841
1,60,0 1,69 ,150 13,7650 25,09 0
9 ,150
Refundi g 7,90,0 46,30 5,48,95 "490, 0 376 ,60 63,57895 ;
-194
34,26713 30,57421 64,80134
530, 0
$
37 6 ,0 6
4,360 30, 0 42.01784 25,0 0 7,89,0
1,60 0 1,69 ,150 13,065 0 125,0
9 ,150
50, 0 53,0 0
14,320
~
New
TISGSFONCUTMRONHROAHEPUNEPFWEAIRD
LFCAFMOGOOURNVRRPEIECMDIPGANTT,, bGStFofovehrmtaadruonngmiciynepdlsl.eys
Refundig 15,8 0 5,398 0 1 2,0
$
-194
83,09 40
v.; 740, 0
$
Capitl 13,0650 125,0
65,94785 45,23602
178,021 0 13,85 0 3,79,213
180, 0
$
,260 23,19 02
,05
180, 0
Refundi g 70 ,0 0 21,650
-193
69,3265 3,20,0
836,0 0 1, 79.80
64,95 60
Total
16,09150 9,50, 0 15,70 145 41,6925
000
S
Refundig 41^8240 16„p0, 0 7,13760
740, 0
2,017841
New
146,0392
16,09150
2,017841
Capitl
80,1950 50,8 .0 8,30,35 139,4835
Refundi g 26.895,0 53,0 0
148,05
$
-1938
96,214 50 60,8 0 24.03,498 18,07648
S
-193
740, 0 4,360 30, 0 40, 0 25.0 , 0 7,890
$
■
84,937241 8.40,0 52,69 15
50 ,0
41,250 53,0. 0 1,9,150
Total
3,501, 86
16,390
1,5248 23~0,6O 7,56,0 34,26 713
~
801,0
58, 2086
305, 0 801,0
30,4650
10,42608 1,390, 0 42,690 14,01 86
29,30
6,925,0
2,7820 1,674,0
10,42608 1.390, 0 13,60 13,695 86
28,45 86
note.s _ notes Z : notes : governm.t agcies—&t._, ifnucldes Notes— e:tc manufctrig , ■„'• hoeldticng., - . Notes- etc._ manufct.rig ;' hoeldticng., etc. manufct._rig hoeldticng., • etc._ - . manufctrig _ .throaelddtiicnng.g,,;
SEPTMBR
bonadnsd _" stock stoc—k bonadnsd stock stock foreign- boanndds stock stock corpateGovernmt Gaonvdt,Saes,Posein toal_i fdignurooest OSEPTFMBRLBonoga-nTendrmdsRailroads utiles scctooepaell,r,,Equmipanmufetnt aacnesodri indausntrdl bueildtncgs, ShipingInttvrreaustdmsinng,,Miscelanous . SBhoorta-nTedmsRailroads utiles scctooepaell,,r,Eqmuainpumfetnt aacnesodri indausntrdl bueildtncgs, ShipingInttvrreaustdmsinng,,Miscelanous Railroads utiles scctoeopaell,r,,Equmiapnmufetnt aacnesodri indausntrdl bueiltdc.n—gs;, ShipingInttvrreaustdmsinng,,Miscelanous Railroa-d,s utiles scctoeopaellr,,,Equmiapnumfetnt aacnesodri indausntrdl bueiltdc.n—gs, ShipingIntvresutmsn,Miscelanous csoercpuriatte
°F
Domestic- Long-term ohrt-emPref red Com on Candian— Long-termShort-emPref red Com on Other Long-termShort-emPrefred Com on TotalCan dian Ofotrheerign Loan USntiateeds
Corpate-—^
Municpal
Farm
*
Grand
'These
MONTH
Total
Public Iron, Motors Other Land, Rub er
Oil
Total
Public Iron, Motors Other Land, Rub er
Oil
Stocks—
Total
Public- Iron, Motors Other ' Land, Rub er
Oil
Total-
Public Iron, Motors Other Land, Rub er
Oil
Total
M
o
o
M
W
>
o
>
>
o
r
o
K
W
O
1
o
2
<
c
o
C
3
Cn
t—4
a>
C7\
cr
t—t
J—H
t-H
tn
<D
Total
$
1,304 965
62,50
6,0 .0 34,1052 9,81 ,267
Refundig 64,102695 2,758.0 1,20 80
30,850 106,3749
$
-1938
Capitl
62,50
60,2370 3,24.0 32,90425 9,81,2b7
<g
t'-c
4
New
Total
®
V
1,38.065
-i
-1938
425,80 58,79 5,2360
67,50. 903.21,60 450. 0
1,906.532
78.10, 146.089,40 56,8 598 79,50 0
Refundi g 1,08673 9 74,30. 0 127,683 7 365,18 79,50
8,250
$
:*.«>-
9
Total
726,350 695,43 6 5,236,0
1,2578325 149,73210
v
•
231, 721 4.510, 18,406.73 56,49310
59,20 648,5 0 753,4 150 450,
Total 1,47095.3 35,710 147,92 0 52,49.853
548.390, 76.52,0 5,32.0
Refundi g 1, 735420 24,5610 3,2 ,24
New
>
-
:
r.:
•
'
214,7,075852634S3948
4,0 0 1,90 0
15,930 219,5 230 148,950
$
New
87,215 78365 4,2709
FYEIAVRES
>• 91,37 0 3,90 , 0
835, 930 103,5 .0
Total $
'7
'•
FOR
750, 0
120, 0 21 ,0
1,67 0 2,758,0
30,0 0 8 9,0
32 ,0
64,102695
2,0 0
60,237 0
9,50 , 0 7,260, 0 5 0, 0
9,0 0
11,3,907652638709
5.0 ,0 910, 0
9,0 ,0
Total
lO .O O 2,48 ,520
43,985 92 25.93,0 725.31,620 15,623.9 16,390.618 21.9650 16,2950 45,0 0 4,10,0 7,24,520
20,30
1,20 80 10, 0 50,73.965 5,302,0 39,184.325 32,90 35 12,35860 45,0 0 2,587,30
648,03495
4,10 0 4,687,20
706,2 19
1,82,50
10 ,0
-3,091425 1,36 92 34,89 18 862,50
3,24>0
2,46 20 42,783192 15,930 24,60 5 150,32 9
365,18
1,53 71
40,6380 92,610 94,0 0 23,9 204 170,2653 5,49,0 12,75 0 97,460571
5,468304 2,0 0 2.680 56,80 23 1,275,0 10 ,0 213,90 6,35 41
60,235.0 51.7943 1.50, 3,90 0 2,680, 0 89,54012 56,48. 7 3,861.0 213,90 2,0 0 28,70541
13,0 0 35,710 96,35.10 1,935,0 5,40,0 53,674 875,0 1,40. 0 2,530, 0 38,10 659
289.74,0 63,0981 263,490 6,250 5.40,0 143,50.47 132.750 7,93,0 1,40,0 2,530 1.350, 208,4569
50. ,0 74,30 0 147,96
2,50 0 4,510.
2,610 14,0 0
EFYS3MNTFEMOIIUAVDHPAN0RTCRP.GL 167,130,3584.91122,,7234505587804.949 ISNUE 1,932506847638 7124081,9895,67345
3,102148,2,477966095823.):"IFftGrvoe'hm-ao_udngricnpmleysl
•
.
107.8,96
-1940 JV-■; \
MENTFNOIHODTHERS
:
;
Capitl- ; 356,740.8 1.0,0 40,73 94 49,027.61
306, 8.0 473,89.64 2,150
1,904 3,70 37.54,0 18.730,25 23,789034
4.0 ,0 156,87942 1,50 , 0
New
'
-194
LGFAOOAVNERNMDT,
FOREIGN
:
.
'
SUM ARY
5,0 ,0
2,561,0 14,0 0
3,0 .0 24,5610
70,619 1,306 0 2,45021 1,530 14,52107
175,94602 52,1482 25,80. 1.306,0 71.90,17 19.50 7,138.0 1.530, 0 6,920^37
859,70
Capitl $; 93,289 89,2637 5,70 > 6,250 40.296015 1,80 1,350 107,82.0
New
910, 0
10 , 0
10, 0 1,0 0
25,68491 1,9350 4,09 0 31, 7.26 875,0 1,40. 1,0 0 23,65.2
93.28,9 15,8639 7.640, 6.250, 4.09 0 71.5327 12.675,0 859.70 1.40,OC 0 .0 1,350 14.538,62
.■'-?
■.
:
4,0 . 0 605,310 30,16578
250, 0
305,492.0 1,0743,90 68,50 0 6.938,0 750,16280 125,70 26,02 0 50, 0 10,2 .0
5, 0 , 0 2,350, 0 7,0 ,0
5,0,0 9 0, 0 7,0 ,0
150, 0
1,360, 0
54,50
Total
THE
$
—-194 $•'»
''
>
204,50
2,50 0 37,54 0 >18,59270 73,198 12
5,241965 18, 1965
1
Capitl
675,4802 18,67253 71,90593 2,986 54
Total
72,0135 2,0,0 104,62580 30,89 467
New
Capitl
1.2560, 426,871.364 1,50
:■>
New
50 ,0
$
Total
98 ,0 250, 0
201.78,0 320,8790 6,10 0 3,40 42,83 283 50,93.0 5,40 0
;
421,875
403,9850 450,219 6
8
?
'
42,9105
•
1,
109.25,0 849,127.5 69.40 0 3,498.0 120.5CK674 74,2 0 25.013,0 4,60 0 62,53086
97,53195 13,0 157
17,25803 13,67253 21,06 75 60,1865
23,7 827
>
35,14 850 30,5 0 >2,0 0 3,0 0 249,350 128.30, 5,4750 95,60 18.20, 0
2,0,0
40 ,0
1.0 ,0
T"
2, 0 , 0
48,367890 60,12 065 15,0 0 2.53,20 9.21,875
1,6379810,572498234
1,254357,912898
310,920 192,356 20 75,0 0 6,938,0 23,5612 5,17.0 26,02 0 50, .0 250.O 136,4782 1457,2197
13,72 87
-
205,193
1,2358074
989,0 0 250,OCO
201,780 34,2865 6.10.0 3,40, 0 103.5,438 50.93,0 5,40,0 73,906 7 739,107
>191345,,09,455667220
95,0 0
35.14,850 378,90 2,0 ,0 3,0 ,0 309,471065 145,0 5,47,50 2,53,20 28,1 875 910,2750
729891960,,11240058 NGOCORREPUFPWAITE 27687752,,34086012390
S3EP0T- notes_', •_ notes _ . notes. ; I governmt acie—sAt.,Posein- '7V6,.98:15830;.l fbiSnuoactndeiydsse S3EP0T.Notes—, : —. etco_pr, ;manuf.es— manufctrig-— :— . —htreoaldtcin.g, — Notes- :— etcc.-—oper, manufcts _— manufctrig -— —- hteoraltdcin.g, — —-L ec_otpr, manufces i manufctrgs- —- ._ hteroaltdcin.g, ecotp—r,manufces —. m•anufctrig ■_ L— htreoaldtdciinn.gg,, securit'—-1942
Refundi g $ 287.3 6,290 1,0 .0 5,120 4 2,692,570
'
30.5,0 150.68,9 50, 0
1
New
421,875
1,20 . 0 9,50 84 28,05897
-
Refundi g 5,95,80 21,483 0 45,138.640 19.25 0 3,42.50
*
-IM5
:-L
-
CORPATE, Capitl .48,73506
OF
1,735420
Refundi g> 103,750 750,6 .0 62,40 3.498,0 107,3 517 74.2 ,0 25,013 0 4,60 57,28 95
,8579130
Refundj g 1,2863412 109,75 32 802,380
8>• ■>.•, 8. 1,965
:
x
>
■
SUTNAITEED
■
T'o-vt-al
'
Refundig 170,945602 -481,7390 25,80 46,978 5 105, 0 7,138 0 49,67930
12,0693 180,6295 4,2709
1.354,2687
52.0, 78,10 13,6 10 2,0 0 2,680* 0 57,1206 1,275.0 10 , 0 213,90 7,89102 20,94803 10.873,0 974.15,0 106,50 3.90, 0 2,680. 0 13,54216 27,350 9,35.0 213,90 14,750 126, 02
12S,
60,2350 4,86.09 8,60 0 3,90. 0 32,74.18 5,37 4 3,7610 2,0 0 19,850 231, 721 1,460, 0 50,0
New
3,091,425 1,36.92 36,08.618 862,50
1
9,50 0 5,80,0
Capitl
>;!)»>.—-■—,-
2,0 0 6,0 ,0
264.7,0 570,430 261,5 0 6,250 87,250 17.30, 7,98,0 1,350, 0 157.30 1,470953
-I
21,7,73^21468359
150, 0 1, 0 , 0
1,304965
56,3920 217,0. 9,25 0 14.75,0 65,7 0
31. 8,0 790,63210 94,0 23,67016 18,72653 5,49 0 12,75 0 45,92 0
S30PE T. 9:59-4 Refundi g
241,780 302,7641 3,20,0
Capitl
890, 0
Refundi g .$ 10, 0 50,73965 4,520 37,81 25 32.689,305 12,35860 45,0 0
Capitl
2,0 ,0 750, 0
25,930 720,6195- 153,07 125,60 21,0 0 16,2950 45,0 0 LO .O 2,790, 0
S
614,0816 73,950 30,15420
95,0 0
Capitl 29.10, 18,049.2 2,0 0 3,0 .0 204.Tl360 108,37450 2,0150 17.80, 0 48,73506
1,20 , 0
$
CAHANRDTE
Pref red Com on
Pref red Com on
Other
Pre» d Com on
Grand
Total
Can dian Other
Farm
United
•These
1,20,24
9
Railroads
Total
Public Iron, Motors Other , Land, Rub er Ship ing
Oil
Railroads
Public Iron, Motors Other Land, Rub er Ship ing
Oil
Total
4,0 0 7,812,794 5,95.80 213,604 2
2,692,570
47.3120 20,95 0 3,42,50
4,0 0 296,1408
-
95,0 0
47,2 6 57.428,95 15,0 0 2.53,20 5.921,375 128,3 56 29,10 165,2986 2.0 ,0 3,0 0 261,39.85 124,57 0 2,015 0 2.53,20 23,7185 614,0816
1,20 , 0
New
EMNODNTHS Corpate- Domestic— bLoonagn-ntderdmsShort-em_: stock_ 1stock Candi- bLoonagn-ntderdsmShort-em stock stock foreign— Lboonagn-tnedrdmsShort-em stock stock_. corpate. Governmt, foreign GLooaavnntd. •Municpal—Stes,Staes toal fdignuoorets EMNODNTHSBLoonagn-Tdersm utiles sctoeall,,Equipment aacesnorid inadunstrdl beuildtcngs, Itnrvuesstmn,Miscelanous BShooarnt-Tdesm a utiles— sctoeal,l,Equipment aacesnorid inadunstdrl beuildtcngs, Intvreustmsn,Misce:lanous
9
1,0 ,0
Stocks-
aacol, cesori induasntrdl _.bueildtncgs, trus, corpate
acesori and etc _,. ;
Railroads util es sctoeall,, Equipment and industral buildngs,R1bu•er Ship in_g Intvreustmsn, Miscelanous
Public Iron, Motors Other Land,
Oil
Total
otal—
T
Railroads. util es ste l, Equipment and . Investmn Miscelanous
Public Iron, Motors Other Land, Rub er Ship ng
Oil
Total
THE COMMERCIAL & FINANCIAL CHRONICLE
1412
and Investment News
General
RAILROAD
Adams-Millis Corp.—Larger
The
the
directors
stock,
common
23.
Oct,
Irom
This
May 2,
payment
of
'
537.
p.
have
declared
no
cents
25
share
per
incl.
share
per
was
■
Income Account,
from
Report—
expenses-^-—--':
Selling and administration
221,487
'
w
$957,625
$855,381
40,209
43,697
9,400
5.759
9,366
$1,101,387
$1,007,081
$917,371
667,336
654,816
582,779
—V.
•
526,316
'115,902
146,204
162,156
60,310
60,289
61,497
$227,558
$128,614
Profit
from
;
operations
int. chgs. &
Amort,
of
int.
earned,
facil.
war
$176,483
19,094
9,477
debts,
earned,
in
$371,020
etc,^_—l-L^-.-:
bad
allowed,
discounts
181,447
normal
of
exc.
bef.
*
___________
Federal
hand
on
Sheet,
in
and
31,
May
bank,
-.
.
$228, 891
$128,614
1942
$121,047
91,832
1
__
1941
$61,938
J:
•..
hand
on
$122,127
Sheet, July 31
164,330
61,858
152,378
_rl
4,666,164
4,749,210
y
281,829
237,535
$5,315,764
Prepaid
$5,486,358
and deferred charges
expenses
and
and
Total
Laibitities—
$50,000; accounts pay¬
able, $247,259; accrued expenses, $267,057; reserve for compensation
claims,
$10,000;
capital stock ($1 par), $125,000; capital surplus,
$143,203; earned surplus, $136,665; total, $979,183.—V. 156, p. 597.
Liabilities—Note
Aetna
borrowed
payable,
money,
Insurance Co.—Resignation, Etc.—
(Fire)
resigned
has
managers.—V.
155,
after
50
and
salaries
or
the
in the
captain
States Army
United,
has reported
and
Announcement
.
corporation,
1
This
made
was
.♦After
7
Oct.
on
formation
the
of
machinery,
Albany
out
opposition
the
Delaware
of
the
Hudson
&
$315,000
Delaware
&
application
an
by
RR.
Walter on Oct. 14 granted withcompany (a leased property of
dividends
in
in
Hudson
which
result
will
Federal
meet
in
of
and
been
,
the
of
for
taxes
funds
the
1942
estimated
were
available
to
the
pay,
at
$196,000,
Albany
the
court
effect
in
or
"far
See also V,
the Delaware & Hudson.
director.—V.
a
149,
Co.,
p.
Trust
been
directors
accumulations
Oct
19
to
paid
on
March
follows:
of
stated; were
dividend
a
6%
the
on
holders
July
declared
have
cumulative
record
Oct.. 16.
share.—V.
per
156,
$4
Corp.—Earnings—^
1942
$6,554,370
after
charges,
but before Fed.
Provision
for
Federal
Provision
for
156,
1,044,665
taxes
550,445
135,000
contingencies_„_„___
in
154,
taxes„;„;„vi.w;;_-;-.-*,-_
$359,220
$4.84
share
650.
p.
A
compares
Oct.
%
of
has
company
dealer
appointed
Selden
H,
Gorham
(Doc)
as
according
to
the
$309,252
$4.16
Income
-1941
sol.
&
Other
oper.
4,822,552
2,640,737
2,925,943
■;
2,808,299
8,117,678
22,288
7,567,097
.
.
other
7,536,032
31,065
'
11,683,287
11,173,406
deductions-w^.
8,139,966
33,058,214
141,972
33,200,186
97,142
36,733,062
3,898,438
3,972,158
15,670,728
17,529,458
1,792,940
1,792,936
7,171,745
21,005,694
7,171,742
America—Secondary DistributionSmith, Barney & Co. offered Oct. 14 after the close of
business
6%
the New York Stock
on
pf.
stock
,(par
$100)
at
divs.
tPfd.
Exchange 12,724 shares
fixed
a
price of 104
Portion
a
applic.
2,374,872
10,357,713
13,833,952
11.896
33,087
52,381
Net
Inc.
(&
Subs.)—Earnings—
6 Months Ended June 30—"
Operating
revenues
Expenses
1942
1941
$13,296,428
$11,603,462
$9,231,303
___—10.039.308
9,172,691
7,342,067
—__—.l___
__—
after expenses.
$3,257,120
kt
Total
Interest
....
income
30,
1942.
the
has
basis
j.,
taxes....
profit
for
been
of
Federal
made
45%
of
for
the
possible adjustment which
ment
of
the
$1,999,261
1,187,457
820,745
53,296
*206,115,510
215,125,840
1,152,700
1942
normal
net
may
Revenue
taxes
431,300
234,500
$866,717
$887,406
for
months
the
Federal
taxable
six
income
income,
'
equity
in
1,867,870
Amer. Tel.
stock..
has
1941
of
156,
p.
surtax
only
is subject to
the final enact¬
it ultimately' will prove
'12.03;
(It
10,324,626
13,781,5^1
the
13,781,571
12
1203.
earned
or
1940 and 1941 tax and other major
tl^ accounts when encountered, have
the-periods to' which theymre applicable.—V.
to
yL
.
'
156,
"•
ti
'
[
10,393,458
13,841,020
98,151
361,654
375,617
90.062
310,134
409,481
4,981
25,402
22,274
1,721,478
2,185,003
9,696,268
13,033,648
The
690,610
707,376
2,801,215
2,834,143
voting
1,030,868
1,477,627
6,895,053
10.199,505
Act of
stock
respective periods whether
($20
capital
Corp.—Files
Reorg. Plan
incorporation so that its
changed to 150,000 shares of new
corporation will be formed with
its articles of
will
par);
or
be
a
meet the requirements of the y
r'
sufficient' to
stock
(4)
plan
provides
no
recognition
of the presently outstanding
stock.
common
American
reserves
the
right
to
request
the
Commission
to
apply to a Court in accordance with the provisions of Subsection (f)
Section
18 of the Act to enforce and carry out the provisions
of
the
plan.
/
present common
which
trust
complete
the
stock,
sole
plan
the
1,112,500 shares (no par), is held in a
voting rights in the company.
Upon
present
preferred stock will have
the
voting control of the company and it is contemplated that
trust will be terminated.
has
data
in its
files and records relating
to
voting
The
Commission
American
Us
of
has
establishing,
various
Delaware
in
is
solely
a
tending to establish, the following:
company owning stock and notes
organized under the laws of. the State
successor to Federal Public Service Corp.
or
subsidiaries,
1934 as a
,
"
new
will
preferred
American
1941.
requirements applicable to
Service
Utilities
a
.
The
59,449
2,378,197
deduct.
unearned.
increased,
have been.
reclassify its existing
105,000 shares of 6%
cumulative
stock
($25 par), into 105,000 shares of new
common
stock ($20 pari, so that the holders of the preferred stock
will receive the new common stock on a share for share basis.
1,883,825
provision for Federal taxes of approximately $436,000 for
and $1,004,000 for the three months and $2,653,000
months ended Aug. 31, 1942,
additional to the amounts
dividend
to
American
68,832
required under the Revenue
p,
stock
authorized;
10,324.626
the current month
fFuIl
in
included
American will amend
plan.
3,603
_____________
imposed
registered holding company, has filed with the SEC ,
pursuant to Section
11
(ef of the Public Utility
Holding Company Act of 1935 for approval of a plan of recapitaliza- .m
tion.
A hearing on the proposal will be held Oct. 27 u:
A statement of the transactions proposed is summarized as follows:
consummation
♦Includes
$11.06
.
rates
application
of
Balance
at
,/''■•
.•>
certain
report
V;:;
■'.';
Corporation,
an
80,590
____________
*$10.63
taxes
proportionate interest in earnings or deficits of Western
and all other majority-owned subsidiaries not consolidated
estimated);
distributed
15,221
taxes
other
$2.52
Federal
1942
for
1
206,702,244
1942 is; to the extent that taxes are retroactively
Note-^-In This
2,362,976
taxes
and
made
*198,611,858
Act which are still in effect.
Heavy increases
applicable to 1942 are under consideration by Congress
shown
in
this statement for the
periods ending
retroactive Otems,
78,154
Balance
Int.
been
'''i''
cv.-.
income
Electric Co.
15,955
:
47,005,550
' ''
Revenue
rates
net
1,867,870
...
{Federal
Other
for
307,,
Chicago & Southern Air Lines, Inc., below—V.! 256,
2,362,976
company
income
Total
>
O"','; "'Li •'
*.
*$2.73
Co.
(2)
above) ';—
(as
*51,089,781
-
8,424,596
*7,503,652
1,800,172
'
,
*•
(3)
Net
:■
*1,939,987
by public..
applic. to
stock
common
June
This
be made necessary by
Act.—V.
and
ended
New Vice-President
See
Co.
to
authorized1 capital
56,610
•
$1,205,318
_
_____
Note—Provision
on
110.025
$2,538,770
$3,257,120
899,102
..
Depreciation and obsolescence.....
Net
108.009
7,849
Amer.
subs
230,972,445
23,782,418
48,885,722
higher than
$1,889,236
'
■
Lt.
of
'
Expenses
Income
Federal
$2,430,761
of
:
Amer. Pwr. & Lt. Co.:
Other
Profit
&
income
;
1940
-w.-v
equity
Pwr.
Airlines,
min.
to
interests
share, with dealer concession of $1.50 a share. The offer¬
ing was rapidly over-subscribed.—V, 156, p. 1012.
American
to
21,208,661
15,727,368
4,167,808
236,494,374
4,522,923
*53,029,768
Tel.
been
56,399,753
5,774,528
TCi
those
p.
3,668,659
40
public.^
806,993,481
217,874,384
66,029,434
American
Balance
902,408,059
57,475,674 *262,190.321
income.
held
Aug; 31,
36,635,920
1,875,719
.
■'!
$i:
■'"'■
60,254,906
net..
applic.
tIncludes
(net).___
.
1942—12 Mos
Mos.—1941
'
367,327,785 325,441,329 1,401,092,754 1,255,840,310
of subs, con- '■;■■:-■
the
by
120,254,652 111,977,893
47,424,605
43,282,245
2, 663,738
17,835,804
10,884.961
10,252,742
10,001,360
2, 612,469
depi.
revenues
income
'
260,754.863
45,628,023
♦Provision
1942—12 Mos.—1941
and
Net
announcement of
$
v
applicable.
'257,703,035
51,587,525
Per share,
in
appropriations
; '
;'
MOS.—1941
1942—3 Mos.—1941
.
are
60,922,676
12,036,954
net
AiTiei**
Account
".'$
'
they
Earnings Report
Consolidated
12,999,666
Net income
I*
11, 49.9,737
and
undo
deductions^-
income
27, 701,921
taxes
which
periods to
System
income
(partly
Aluminum Co. of
of
the
to
income,
"slocks
11,912,916
reserve
'
.
items,
oper.14 Income
Total
Net
Manager
William C. John¬
'/y-v-.!y.
;■
As head of dealer tales, • Mr. Gorham will supervise approximately
400 dealers throughout' the country.
He succeeds Stanley J. Retzlaff,
.who has taken over the company's trade relations department.—V. 156,
p. 951.'..;
y.o.;
yyy
sales,
General Sales Manager.
son,
1942—3 Mos.
taxes..—■
;
proportionate interest in
subsidiary Companies. ; ■ V '-'i
of
*72,396,904
Total
29,838,180
retire,
increased, higher
t
certain 1940 and 1941 tax and other major
included in the accounts when encountered, have
Bell
Interest
535,664
226,412
expenses.___
Prop,
increases
report
distributed
10ther
revenues
♦Federal
Allis-Chalmers Mfg. Co.—Dealer Sales Mgr.—
The
Consolidated
Subsidiaries:
Other
Heavy
expenses.; 234,675,975 211,565,902
Operating
597.
p.
Comparative
effect
have been.
revenues-o.
Operating
1941 were as
1, 1942, it is
Payments during
Accruals at
'
in
still
are
1942 are under consideration by Congress
statement for the periods ending Sept,
Operating
1941
$4,499,335 !
,,
,
Period Ended Aug. 31—
are
rates- imposed
company's
the
Taxes'
;
American Power & Light Co. (& Subs.)—Earnings—-
account
stock, payable
with $2 each
September
at
this
in
Operating
r.
il'
Net
profit
Earnings per
—V.
share on
per
preferred
This
16 and July 14, last.
14, $2, and Dec, 1, $4.
$20
of
this
^
,
has
for
403.
*
6 Months Ended June 30—
Profit
Alliance Investment Corp.—$4 Accrued Dividend—
The
shown
include
not
retroactive
Co.
of
w^hich
Act
applicable to
profits or deficits
Note—In
Director—
Midland
Marine
Sales■:
levy the excess upon the moneys hitherto
to
paid to its stockholders by
p. 862.
{Does
Net
.
asked
•
elected
Co.—New
of
American-La France-Foamite
:
Susquehanna
&
rates
figures
1942 Federal taxes
for
it ultimately will prove to
vided
the
taxes
that
excess"
made
Revenue
1941
final
when
28,630,667
$10,53
''%V
been
1942 is, to the extent that taxes are-retroactively
than
.;
changes
minor
1
has
Period End. Aug. 31—
Assurance
Vice-President
Drcchtr,
Gustav
$315,000 dividends an amount sufficient to meet the
payable by the Albany & Susquehanna over the
$120,750 rental that it receives directly from the Delaware & Hudson
each year.
yyy".;' v;yy V.
-y-The
Delaware & Hudson
as
rental pays $120,750 directly to the
Albany & Susquehanna and $315,000 as dividends to Its stockholders.
Declaring that it must pay income taxes on the total of these sums,
out of
the
thtese
30,
1203.
Equitable
American
corporate
by Albany & Susquehanna RR.
The latter road asked the
court for judgment directing the Delaware & Hudson to set aside each
excess
to
5,416,843 flO,091.212
$2.54
t$9.54
t$2.34
-
reduction
the
payable
year
"Subject
^Provision
and net income
Co.—Special Offering—Paine, Webber,
on Oct. 13 made a special offering of
p.
tl^669,'272
$
stockholders by the
income taxes
annually yto
paid
to
order
shares).—V. 156,
this
Co.)
;
by
special offering exceeded the volume of trading in
stock for the entire month of September
(7,100
the
143,714,559^ 47,462,130tl78,272,358 196,811,813
42,045,287
42,045,287 168,181,146 168,181,146
sharej:
per
20,159,683
24,920,164
.5,677,248
6,143;890
income
available.
amounting to 600 shares and the smallest to 10 shares.
This
deductions
Balance
;
50 cents each; Oct. 6,
8,000 shares of common stock (par $25) at 64%.. The
was completed in six minutes witn the assistance of
23 firms.
There were 79 transactions, the largest sale
y-
income
Earnings
1
sale
L'y.-yyv;
Supreme Court Justice Carroll G.
!
;
•
Jackson & Curtis
553,139,378'203,192,522 216,971,496
2,015,127
Dividends
t
in
pilot
a
1 {Net
$1, and Dec. 20, 50 cents,—V. 155, p. 1301.
American Can
491,321
49,858,449
36,520,470
net-—.
income,
Interest
246
Co., Inc.—Smaller Dividend—
during 1941 were as follows: April 5 and July 5,
RR.—Part of Dividends for
Susquehanna
;;1v''
&
,Tax—
and
laboratory,
experimental
metal
powdered
a
and $16,063 in 1941.
1942 and $483,023 in
on
company
"
6,806,550
39,225,354
26,435,722
43,558,595 153,038,819 181,200,679
2,624,216 : 7,936,708
8,980,661
150,017
991,641
354,434
10,831,531
income
Interest income
Oct. 5 paid a dividend of 25 cents per share on
the common stock, par $1, to holders of record Oct. 1.
This compares
with .37y2 cents per share paid on April 6 and July 6, last.
Payments
organization
thenno-plastics. plant.v/ ■.y?.•■,-
of
{Represented by 57,954 no par shares after deducting
reacquired and held by co-trustee.—V. 154, p. 536, ;
The
Aircraft Industry, especially in the fields
of fastening devices, powdered inetals, and plastics, the announcement
says.
It is planned to
solicit ideas and
untested projects from
.engineers and' inventors, and to carry them through complete de¬
velopment* to the point of release, for commercial manufacture.
The
activity' will extend to the designing and. tooling of any '; special
machinery required for the manufacture of products evolved.
'
Facilities include a fully equipped tool room, special experimental
1
in 1942
$571,406 in
$15,124
of
American Air Filter
this
of
losses
depreciation
for
reserves
shares
parts and materials for the
'
$5,486,358
1941.
to
v
5
for
reserve
armed
*1942—12 Mos.—1941
v,-' jjj$
'*' ' ,J'.' • $
35,882,147 180,796,484 140,806,751
29,075,5971141,571,130 114,371,029
^
138,523,169
taxes—
income-
oper.
Dividend
5.795
tAfter
offices, laboratories, and shops in Summit, N. J."
will handle research and development work on
with
132,120
incl.
'
49,354,700
revenues
exp.
Net
Total
Aipmy Ordnance Department in Washington, D. C.—V. 154, p; 1012.
Aircraft Parts Development Corp.—Organized—
;
Oper.
Other
Aetna Life Insurance Co.—Officer Commissioned—
Henry Molses, Assistant Treasurer of this company, has been com¬
r,
; r.
.
the
in
now
are
'V;-..,'-.''
13,354
5,293,600
; $5,315,764
1950—
sink, fund bonds, due Feb. 1,
stock
total payroll.
the
of
employees
*1942—3 Mos.—1941
*,(1; .*v.V'■
105,872
5~247
8%
about
is
System
'
Operating
5,247,200
5,795
Bell
Sept. 30—
4,465
101,010
86,432
A.
missioned .a
31,305
854
_
Total
:if
.''"'V y'
\y
and
facilities
Earnings of American Telephone & Telegraph Co.
1825.
p.
Vr■
y.-'G'
Report for
copper
telephone
the amount
24,000
Period Ended
104,885
Inc. mtge.
$ Capital
of
shortage
additional
.i:
$56,077
24,816
wages.-.
—
liabilities
Other
years
than
7,000
balancesy',_.___-,-_%-
accrued
interest payable
Bond
Vice-President in
Russell,
W.
office,
incl.
and sundry credit
payable
$13,400
...
liabilities,
Accrued
charge of the company's New
of service.
'
'
Ashby E. Bladen and Harold J. Kiefer, company secretaries asso¬
ciated with Mr. Russell in the New York office, have been named
Joseph
York
payable
payable
Guests'
■
—
states:
President,
war-time
of
a whole
as
More
;'V:
.
Accounts
Taxes
Gifford,
of
services.
•
Notes
Tyy
Co.
■
44,325
169,674
receivable.;.
notes
■
assets
tFixed
physical inventories, valued on the basis of the lower of
market, $335,602; deposits, $1,125; land, buildings, machinery
equipment
(less allowance for depreciation and
amortization,
$64,094), $182,441; deferred charges, $9,694; total, $979,183.
or
'
$81,209
by co-trustee
and
'Accounts
Inventories
receivable,
accounts
.;
:
held
Cash
y;:
194$
$99,410;
I.
&
tax
income
in bank and
Cash
$0.87
$1-28
$350,911;
cost
v—
Balance
$87,254
$127,835
_
share^^__w>..:__„lXr'—i'-'"L
Balance
Assets—Cash
30,284
1,333
int.,
73,508
Assets—
•
Net profit _i_—
Earnings' per' common
bond
amort.
deprec.,
6,244
210,406
estimateL--~----L-!-L-~----M^r--.':
takes,"
of
bond
retire,
on
Profit
deprec.
13,684
Federal
Gain
of
net
.-v.;"!;.-.
/.X'v v
& Telegraph
other materials, the
Is
restricted under
priority rules almost wholly to those additions essential in the war
and
telephone
companies
are
obliged
increasingly
to
limit their
installations of new
telephones to those needed in war and other
essential
activities.
The
number
of
telephone calls continues
to
■increase,
with especially
heavy increases in the number
of long
distance calls, and the Bell System is handling a record volume of
business with facilities that are becoming more and more inadequate'.
To help relieve
the longer haul routes that are already overloaded,
the public is being requested
to cooperate by refraining, so far as
possible, from making long distance calls to war-activity centers.
The Bell Telephone Laboratories and the Western Electric Co., the
research and manufacturing
departments of the Bell System, have
been
expanded and are engaged for the most part on direct' war
work.
y. '-"Vy- ""-'v'.
-'r, 1
About
400,000 Bell System employees, or 95% ;of the total, are
investing at the rate of nearly $70,000,000 a year in U. S. War
Savings Bonds through a Payroll Savings Plan,
A great many em¬
ployees are investing 10%
or
more of their pay
under this plan;
$91,843
C;LL-
S.
Because
'
Discts.
taxes of approximately $24,000 for
for the 12 months ended Aug. 31, 1942,
required under the Revenue Act of 1941.;
Federal
$64,001)
1012.
p.
Walter
61,302
$81,209
L.y
Taxes
Profit
156,
construction
125,832
;
for
amounts
September Quarter—Walter S. Gifford, President, states:
apportioned
dept.
the
to
American Telephone
costs and
;
not
to
provision
months and
52,623
$783,738
income
Exp.
1941
$302,315
$592,503
—
$1,051,778
12,293
expenses
May 31
Ended
Years
operations
$737,505
three
additional
con¬
Miscellaneous
Total
1939
33,939
and
rents
cessions
Departmental
1942
profit
the
1940
1941
MISCELLANEOUS
-
{Includes
Angeles-—Earnings—
1942
Departmental.
Store
.v.-;'.r.
Aeronautical Products, Inc.—Annual
Gross
Income:
1942,
In addition, a year-end
made on Dec. 29, 1941.—V. 156,
1,
Aug,
July Si-
6 Mos. Ended
on
value, payable Nov. 2 to holders of record
with 25 cents per share paid each quarter'
and
to
INSURANCE
■
"
cents
of. 50
par
compares
1938
1 Co. of Los
Distribution—
dividend
a
INDUSTRIAL
PUBLIC UTILITY
V
Monday, October 19, 1942
holding
of
of
*
Volume
American
has
four
active
■
defined
(as
)
Utilities Co.y
electric service and conducting
(a)
subsidiaries
utility
namely:
Minnesota
Act),
THE COMMERCIAL & FINANCIAL CHRONICLE
-Number 4117
156
-
a
merchandising business in
Minnesota
in
•
pended
■
Northwestern
(b)
States of
the
in
of
States
the State
Iowa.
a
taxes
par),
corporation,
v
..
and
service and
Wisconsin.
'
conducting
■
r
merchandising
a
•
■
business in
'•
.
,
class
stock
B
earned surplus,
SEC
The
to
■■
subsidiaries; namely:
five non-utility
has
Virginia.
Illinois
Northwestern
lb)
.
The
as
of
(no
Telephone
Co.,
Illinois
an
corporation,<
telephone service in the State of Illinois.
furnishing
:
-
its
Co.,
Florida
a
Sept.
l,
able
22,
when,
Illinois
sale
the
shares
has
Commission
The
American
held
J.
has
Hurley,
files
and
to establish, the following:
American, which has sole voting
Robert
week
of
to
(2)
been
paid
The
and
stock
its preferred
on
Dec.
of
as
31,
1941
were
C.
in
C.
the
on
proposal
income
and
R.
A.
Utilities
Ritchie,
all
of
Utilities
of $3,000,000.
indebtedness proposed to be
also proposes, as
in
Louisiana,
of
Atlantic
a
to
the
notes
Service
Corp.
for
—L
156,
Earned
—v,
(deficit)
surplus
of
issued
1
&
Electric
output
of
with
certificate
a
branch
a
line
its
Water Works
Electric Co., Inc.
&
Output
Corp.
the
the
for
report
Associated
1939
Detroit
to
permitting
railroad
of
line
main
state
at
units
a
5l',949,000
73,332,000
67,968,000-
53,076,000
52,787,000
the
will
54,372,000
10.—
69,498,000
55,318,000
54,648,000
54,900,000
National
state,
be
to
for
will
be
to
Oct.
—V.
156,
end
of
the
Rentschler
Rentschler
ton,
Ohio,
and
Savannah,
is
three
a
to
served
American Yarn & Processing Co.—Obituaryw.
156,
1321.
p.
in
All
President and Treasurer, died on Oct. 1.
\,'
-
1944,
RR.—Interest
Alton
on
C. & A. Refunding 3s—
is
1,
1940.
Bank
National
Illinois
nental
April
due
.1202.
p.
Alton
&
have
for
be
H.
used
have
Houghton
7-.
the
of
an
agency.
1929.—V. 156,
for
■
V
elected
been
Aviation
of
:
■
,
the
of
share
in
the
the
at
be
of
1,
H.,
Co.;
of
(The)
Dividend Accruals
Both Issues of Preferred Stock—.
,/
directors
The
dividends of
declared
have
$33
due
1942
1,
May
the
at
105
price
of
and
said
amount
cash
a
He
.7
with
where
has
the
and
Executive
.
General
he
has
been
Manager
20
in
succeeded
any
P.
46.487
69.225
9,274
.2,102
of * Its
tnin.
Oct.
par
by * Frank
Murphy.
of
300,000
Period Ended Sep. 30—
—V.
~7,042
the
on
holders
848
Balance
written
-
off; only.
,
of
issue.—V.
have
$3
Dec.
$375,551),
^
•'
'*"
Liabilities—Accounts
deposit with
425.
;•
from
Paper
Co.,.
A.
.
.1
agents, $118,-
ah
initial
preferred
1942.
dividend
stock,
of
the
payable
Dividends
Boston
for
compared
as
of
Jan.
income
J—
$52,852
expense
Depreciation on plant..-
this
1941,
year
in
are
1943
2,
arrears
to
this
on
the
Edison
week
with
Co.,
over
increase
1204,
156,
p.
ZZ Boston
$30,717
$35,040
New
see
of
-
157
160
the
totaled
August,
\
kwh.
the
to
1942,
10,
was
excess
dividends.-!—!
dividends-of'dividends
1941
the
first
237,802,579,
total
of
Assets—Cash
6,667
6,639
common
7,978
8,139
7,926
2,373
2,022
in' banks,
*11.545
4,444
waived by A. P.
W.
$15,113
11,203
4,444
$12,960
•1>7.294
4,444
Paper Co.,
Inc.,
on
its
preferred
.v
.-
$6,924;* A. P. W;
1942
in
Paper
Co., Inc.,
accrued
at
less
$1.80
$3.67
(less
banks
and
011
hand,
$915,441;
$3,500),. $44,410;
reserve,
customers'
•
,i-.
v
customers': notes
receiv¬
accounts
met),
$1,103,957; notes and accounts receivable, secured by cutland, $64,564; sundry accounts receivable, $25,237; advances on
lumber purchases, $25,667; consignments in hands of agents,
cost, $8,083;
inventories, $2,310,809;
prepaid expenses, $275,136;
due
from
not
officers
current,
rights,
cluding
depleted
and
employees,
$576,842;
value,
$4,023;
notes
and accounts
investments,
land,
$119,961;
Providence
&
RR.
RR.—V.
.V
and
155,
'
$808,000 excess profits taxes), $1,139,000;
$58,100; notes payable,>■ term loans,
3',cumulative
($5
1941
depreciation
be
subject to
Operating
the
In
above
(less
reserve
for
depreciation,
case
of
shares
dividend is
to
warrants
the
represented
bearer
of
the
form
of
ordered
of
that
by coupon No.
company
have
at
Ltd., 99 The
paid
be
of
the
25
by
Holders
their dividends,
its office,
agents
detached
coupon
the company shall
reference
to
him.
wishing to claim
company
no
non-residents
King
warrants
70.
As
been
1942—Month—1941^
$528,401
revenues...
on
any
forward
West
Drive, Hove, Sussex, England,
dian custodian Form G.—V. 156, p. 1204.
of
:
.
Net
Net
;oper.
the
54.950
632,533
617,309
$291,122
$236,067
$3,087,609
$2,660,526
&
share
warrant
the
their
accompanied
.
,1,857*58?
$183,386
V:
:V
699*135
620,012
'
$2,040,513
48,616
44,342 '
$2,388,474
3,462
4,070
$232,903
$187,455
$2,432,816
$2,089,129
102,877
99,041
1,263,821
1,242,769
5,906
5,850
70,595
75,897
1,183
1-.044
15,355
12,837
taxes
$122,937
$81,520
$1,083,045
$756,626
^Prov. for Fed. inc. tax.
48,788
2,860
312,502
119,675
$74,149
$78,660
$770,543
$636,951
::'
.■
(net)
;
1/
;V,
/,
Amort.
•
of
debt
expense
■;
Net,
Net
&
deducts..
•
,
■. ■
inc.
for
disc.
—
Miscellaneous
3
t
.
GrOss income
before
Fed.
prov.
inc.
income,
"Including
excess
profits
tax.
Note—Miscellaneous debits
.
.
.
..
and credits applicable to previous years'
operations are not included in
above statement.—V. 156, p. 1015.
,
company
therefore,
coupons
Canada,
General
to
52,681)
61,680.
$229,441
share
Canada
$5,375,543
206,141
1,891,568.
156,160
57,703
revenues
Other income
.1942^-12' MoS;—1941
Fed
revenues._
oper.
-
159,887
expenses.
Prov. for depreciation..
the
Continental
warrants,
Toronto,
tax.
bearer,
in
behalf of
share
Canadian
to
most
held
of Canada
unearned
$469,633M ,$5,819,179
22,456
.241*455
19,690
other than
The
income
enemy property in
from
or
of
should
St.,
company,
non-resident
share
(chiefly in Belgium) the custodian of
Europe
English
in
to
the Canadian
for
$337,500;
paid-in surplus, $1,292,130; earned surplus
1936, $1,566,676; total, $7,423,745.—V. 155, p. 2092.
oper.
..
deduction of
State
provision
$141,720; reserve for accident
California Electric Power (& SubsO-~EarningSr--r
a
Payment of the current 60-cent dividend
payable,
cumulative preferred Stock ($100 par), $1,198,preferred stock ($100 par), $350,650; common
Period Ended Aug. 31-
$214,994 loss$138,818
with 40 cents paid 011 July 18, last, and on Dec.,22, 1941.,
previous payment was 50 cents on July 5, 1938.—V. 156, p. 1204.
-
accounts
$650,000;
par),
Taxes,
;
;
1942
-
$150,000;
taxes,
;era! income taxes—
J
1404.
p.
■
charges
loans,
balances due to officer, stockholder and;
deposits from terminix licensees, $6,466;
provision for Federal income taxes (in¬
profit on sales of cut-over land,
since July 1,
Corp.—Reorganization-
Hartford
Airways—Earnings—
taxes
term
payable,
insurance, $35,811; 1%
also
dividend of 60 jpents per share on the
stock, payable Dec. 15 to holders of record Oct. 24] This com¬
without
and
cost,
$342,564
stock
Maintenance
directors have declared
bearer
Sheet, June 30,
convertible
plant,
$581,156*
227,920
and
gross
of
increase
pares
has
applicable to depreciation fund, $7,433), $18,949; accrued
investments, $7,995; A. P. W. Paper Co., Inc., 25-year 6'/o.
gold notes due July 1, 1955 at cost, $126,850; property
(less
100,10C
108,227
months
eight
an
201,537,274,See
Brazilian Traction Light & Power Co.—60-Cent Div.—
The
$16,442
11.417
4,444
:
of class A stock.
interest on
402,500
$234,336
Stock
for 1942 was earned after providing $152,631
depreciation and $126,266 for Federal and State income taxes.
156, p. 1204.
■
1,430
3,120
$24,452
Balance
rental
1,197,100
>
■_
on
■
week ended
for the
Note—The profit above
for
—-V.
$35,197
1,715
income■
holdings
$670,584
$711,507
and
trade and sundry* $232,887;
/' employees, $82,315; security
:
accrued liabilities, $182,389;
,
,
profit after all
will
B
110,233
$1,195,577
211,921
.
$476,914
•income
G Months Ended June 30—
1,089
Interest
^Exclusive
$56(),350
126,404
285,026
income
Liabilities—Notes
reported
Oct.
ended
30,358,000
7,621,582,':' For
passengers
York, New Haven &
Braniff
$30,877
]
10,883
Provis. for Fed. inc. tax
Class
1,003,457
.
82,193.633
Other
6,722
'
3,925 '
Class A
1,107,017
$1,069,173'
.
.
as
report tqtal revenue passengers carried
30,630,146
as
compared with 23,008,564 in
of
year
an
revenue
36,265,305
1,595
7.433
.
7,086,876
$2,176,190 1 $1,563,808
177,735
expenses
for
income
timber
Elevated Ry.—No. - of Passengers Increase—
August
August.
$35,857
1,160
Net
'1940
'"
$8,650,684
$2,015,898
'CC-Jiyp'- ;
Interest.
"
Administrative
1941
8,285,155
:
$94,216;
timber
and
timbered and cut-over,
$109,626; townsite, Bruce, Mississippi,
$10,254;
property, plant and
equipment
(less
reserve
for
depreciation,
$2,927,347),
$1,734,464;
.patents (less amortization, $3,430), $1,055; total, $7,423,745.
per
1.5 %.
1939
507
8,464
—•
income
.
: !
$10,461,345
1,187,707 "
;
income
balances
cents
-75
preceding week ended Oct. 3, 1942, output was 29,608,000
decrease of 0.2'!. from a year ago.—V. 156, p. 1322.? ! -
a
this
r.
$35,350
$44,389
*
Total
1942
administrative & gen. exp.
receivable,
The trustees of the company
Net
1940
W.
Inc._^-.-_
Interest
.
over
charges, $9,381; dividends
(1941
;
1942
of
Institute
kwh.,
Boston
in
.
P.
811.
p,
104,242
100;
.
(1,500,000 no
surplus, $2,302,586; total, $7,667,739.—V. 154,
:V' :.rv-"'"■'ZiZZZ.'
y Years Ended June 30—
Rental
15,
1941; „a decrease
V.
Properties, Inc.^-Earnings-
A. P. W.
sulphate
94,045
able
the
kwh.,
and sundry plant at net- depreciated
payable and accrued
shares), $5,340,349;
1942—9 Mos.—1941
bankers, $301,220; in-
payable (less cash on deposit with dividend*disbursing
437), $7,050; provision for taxes, $8,373; capital stock
par
RR.
'
high-grade
$3,203,605
receivable
$4,103,542 $31,490,559 $28,714,686
Co.—Output Off 1.5%—
output
Electric
For
■
total, $7,667,739.
$428,538;
Maine
Co.
iO, 167,175
Assets—Cash
1833.
p.
system
Oct. .11,
exploration expenditures on outside properties, $2,044;
and interests in sundry, mining ventures (less reserve,
to
advances
declared
cumulative
record
130,
29,914.000
.$125,537
$166,436
1942
Sheet, JuIy 81,
'hand and^ o*rt
$203; office furniture-and fixtures
$940;
-h-hh
profits- tnxea-1-^——mzz-
log
$125,537
.Vestment in marketable securities ol-othti' companies, at cost, $6,886,-'
313; loans including interest (secured), $6,024; accounts and dividends
receivable, and interest accrued, $42,457; prepaid and deferred charges,
value,
A." Whitte-
&
Earnings on common stock.$617,462
Earn, per shu on 130,000 shs. outst.
$4.75
954.
p.
directors
Net
'$23,089
tExaminations
on
L,
(& Sub.)—Annual Report—
profit
Total
Net
(F. E.) Booth Co., Inc. (Nev.)—Initial Dividend—
The
Edison
h?Assets--~Ca8h
1942—Month—1941:
$2,569,167
156,
share
$166,436
Power
agency
Montreal,
Morris,
and
Vice-
&
England
Boston
largest
$13,370,781
Dividends
•
300,000
$191,737
Surplus
"Deficitr
Kendall
the
of
A.
Mills,
the
Montreal,
Water
the
Berlin,
'
paid
•
the
of
of
director
H.,
Carruth,
to
Stores, Inc.—September Sales Off 37.4%—
Boston Edison
Dividends
of
one
G.
Flour
sales..!
Miscellaneous
2.000
$276,911
$491,737
i! v
Prof it
President
operates
P.
Shawinigan
of the New
President
St,,
members.
director
Berlin, N.
H.
Challies,
B.
other
Comparative Summary of Income Statements',.-
Provision
:
paid
14
$25,
Sales
88,130
851
!'r,r
851
V
■••1;
off
writ,
sup.
,
43,367
10.126
916
Ogilvie
P.
J.
Western
at
81,132
13,394
off
Is
Co.;
Corporation:
of
the
to
Me„
Brown,
the
board
the
of
and
the
Laurent,
Manager
Finance
director
Bruce Co.
Miscellaneous
most; recently
years,
charge
;
106
deprecia'n
for
Reserved
B.
Engineer of
Operating profit
Vice-President
a dividend
of 50 cents per share 011
holders-of record Oct. 8. This com¬
pares with 60 cents paid on July 14, last, 65 cents 011 April 14, 1942,
85 cents on Jan.: 14, 1942, and $1 per share In each quarter of last
year.—V. 156, p. 159.
$221,558
$291,892
79,769
off.i,
Exam. fe claims writ,
on
stock,
company
common
4,017
$369,657
,i
84,212
and
Assistant
Kendall
;
Gross
^"I':.r..
1403,
155, ,p.
The
58,810
!
exp..„
written
debt
Bad
Ob.
$321,068
$580,259
admin,
and
Gen.
Executive
sales
Cost
Beverly Gas & Electric Co.—Dividend Decreased—
:
the
1939
41,136
Total revenue
O.
Chairman
,
Portland,
Braun,
Co.;
Hagerton, Boston,
corporation
1
Net
1942,
-
$158,731
■
St.
and
the company
I, C.
sales manager of the Western division.
Bjork succeeds, Mr. Murphy as
—V.
Boml
1940
$222,667
_!
Sundry earnings
p.
been elected
company for about
Spitzmiller
been
has
division,
earned & exchange
thereon
,
Consolidated Balance Sheet,-jhrne- S0, TfM2
1941
1942
July 31—
Dividends
Int.
J.
.
$529,850
Years Ended
Kendall
Years Ended June 30—
' :;7r-
7
;
elected
Vice-President,
as
Secretary.
Robert
Reconstruction
v
■
par
Anglo-IIuronian, Ltd.—Earnings—
-
C.
Vice-President
sis
accrued_ioE..the.J5i6ryear.period,.
from Mav 1, 1937, to Nov. 1,- 1942.
Dividends of $30 per share on the
6'!
preferred and of $25 on the
preferred stock were paid on
April 15, lust. At Dec. 31, 1941, there were outstanding 725 shares of
d'e
preferred stock and 140 shares of 57c; preferred stock.-—V. 156,
p. 952.:
r
ZZ*
-
and
(E. L.)
of
at
Messrs.
include
Brown
as
s
adjust¬
indenture
transfer books of
!■
954.
p.
in
with
(Me.)—Board of Directors, Etc.—
pulp mills In piinada at La Tuque, P. Q.—V. 118,
the
of
the close of business op Nov. 30,
the stock
as
principal
stock
forth
set
manner
$2.50
common
stock
common
total, $5,857,616.
1,. 1942, on second mortgage, $3,750; reserve
(deposited by theatre lessee), $2,030; liabilities
director,
to
Boston,
This
both stocks and represent, payments
en
reserve),
$39,516;
"
$100, and $27.50, per share on the 5 '/or
cumulative preferred stock, par $100, both payable Nov. 1 to holders
of record Oct. 16.
These distributions will clear up all accumulations
preferred stock,
cumulative
(less
deposits,
Hampshire Fire Insurance
Vice-President of Brown Co,; J.
Best Foods, Inc.—Official Promoted—
George
the 6
share on
per
$608;
New
John
more,
Trust Co., 55
;-i" "
into
68,523
$62,661
;
$96,246;!
hand,
on
tenants
Wentworth
new
board
the
N.
Manufacturers
converted
such
but not later than,
be closed.—V. 156,
may
Dec.
Y.
may
conversion
each
interest
made
N,
except during such times
156,
and
from
England Public Service
of
;
debentures,
of
as
202,243
68,523
deposits, $8,883;
addition
New
having
Corp.,
1322.
p.
convertible
redemption
be
York,
the
at
for
bank
Corp.
a
Selling,
:
in
repairs
directors;
In
.
debentures
time before,
Anchor Post Fence Co.—Clears Up
oil
178,675
expenses.
Henry p. Kendall of Boston has been
of
Henry
5'i
5-year
called
New'
above
ment
;'.-vy,
v
St.,'
The
mortgage
due
from
President
Bendix
46,549
$208,106
payable Oct.
theatre
Brown
working
as
General
the
of
1941
$254,654
53,020
mortgages payable, $3,433,505; prepaid
rent, $251; common stock ($1 par), $56,500; adjusted capital surplus,
$2,464,476; Operating deficit, $180,411; total, $5,857,616,—-V. 152, p. 420.
Machinery Corp., Hamil¬
the Southeastern Shipbuilding Corp. at
capacity since
been
debentures
BR.
111,—V.
Chicago,
Co.,
Trust
&
Chicago
the
on
1942
expenses,
$48,675
amortization
<
of
Comptroller
outstanding
corporation
3%
refunding: 50-year gold bonds, due 1949. will be paid beginning Oct. 15,
1942, at offices of Chase National Bank, New York, N. Y„ and Conti¬
interest
Fox Corp.—Annual Report-
operating
company,
Laurent,
William
President
-interest;-, Payment--will
:
The
1595.
depreciation of building and equip.
$5,239;
payable
v
that
the
Broad
.
and
Vice-President
Egbert Hutchison,
company
will pay off $100,000 of the
the balance will be taken care of by
and
p.
and salaries payable, $7,447; interest accrued
mortgage,- $1,956; interest accrued on second mortgage, $2,728;
income .interest payable Oct, 1, 1942, on third
mortgage bonds, $56,500;
bank
with
Government
■'!
and
Chairman
Houghton
Public
registered
4<1. coupon
Liabilities—Accounts
will
Detroit
of
$200,000,000
a
$150,000,000,
by
all
years,
Ga.
Mr.
of
4!
of
on'first
Bendix Home Appliances, Inc.—Debentures Called—
Charles
10-year
$850,000
due from managing
$800; due from subclaim against the Fox
Theatres
Corp. (less reserve of $802,731), $5,222; land,
$3,386,962;
building, pipe organ, fixtures and equipment (less reserve for deprecia¬
tion, from October, 1928, to date, $1,317,597), $2,317,582; deferred
Charges (unexpired insurance
1321.
p
Department
$750,000
loss
agent,
northwesterly
the
Bank
for
for
underwritten
about
directors.
43,683,000
43,681,000
54,110,000.
65,337,000
The
hand
155,
of
outstanding
$198,524
metering
„
in Barber County, Kans.—-
agreement
an
New Directors—
George
fiscal
Condensed Balance Sheet, July 81, 15)42
soon
reports
be
preceding
-
Massachusetts
Issue
has
now
(N. Y.)
Assets—Cash
capital to finance war production.
It will be issued at 2%Vdinterest
90 % will be guaranteed by the War Department.
42,460,000
42,999,000
68,941,000
74,148,000
the
and
Co.—Refunding—
the
an
1942.
on
charges and
Net
abandonment by
.extending
Kiowa
miles,
that
out
carry
established
$50,000,000
credit
Mr.
72,900,000
73,946,000
Oct,
for
are
duty
—_____—$251,543
Provision for
and
1978
19 ...
26—
Sept.
Sept.
l.
funds
increase
•
1940
1Q41
1942
of
income
Fixed
and
Gas
Corp.—Loan Negotiation-
from
be
to
additional
The
of the electric properties of this company
for
the
week ending Oct..
10,
1942, totaled 73,946,000 kwh„ an
increase of 6.40!
'over the output of 69,497,900 kwh. for the corresnonding week of 1941.
■
:
Comparative table of weekly output of electric energy for the last
five years follows:
.•
-
profit
262.
p.
last,
27,
protits,
'
by the corporation.
Details of the
credit, it is said, are being worked out with 35 to 40 banks which
will participate in it with the National Bank of Detroit.
The initial
Output of electric energy
Week End.
the
June
on
excess
premiums), $5,441;
Aviation
commitment,
American
Nov,
issue.—V.
1322:;.,;.;..;\\
p.
agent
named
credit
1203.
156, 'p.
note
Gross
1203.
p.
Reports
be
-t
1,81-1,679
—
audit,
Years Ended July 31—
cash
:
Gas
electric
net
Oct.
on
Bendix
«.
2,625,000
2,225,000
;
..."
stock
Common
ended
year
to
basis,
152,
petitioned
company
Administrative
124,900,041 units
(kwh.).
This is
an
or 4.0!
above production of 120,131,506
connection
a
156,
10,000
.
Preferred
fiscal
subject
similar
a
approval
Brooklyn
1,010
a
'
Notes
■
•
due
with
the
<<:.•
9,
was
units
company
V.
'
•:
has
The
issue
in effecting
step
necessary
acquire from Louisiana
Utility
.
Associated
Oct.
ICC
from
of Amer¬
$4,700,200
,
On
£487,257.—V.
for
notes.
sold consisted,
follows:
as
.
company's
£ 1,270,000,
taxes.
was
Company
'
Bonds
the
at
Brockton Gas Light
of company
Co.,
Public
Louisiana
Hyde
branch at Gerlane, approximately 9.9
(corporate and per books)
stockholders will vote on a plan for
the participating second cumulative pref¬
1942, by issuing £ 1,700,000 of 4 7'o funding
earned).
stock
of
group
ago.—V.
The
V
aggregated
thereon
arrearages
the
on
.
Profits, for
estimated
952.
p.
29
arrears
.certificates.
Atchison, Topeka & Santa Fe Ry.—Abandonment—
•'
as
156,
Oct.
on
to April 30,
rights,
under
of Dec. 31, 1941,
capitalization and surplus
$632,158
ican
registered
if
of $1.
4,768,535
Lee Barroll, Charles H. Bliss, Raymond
Gordon and Thomas
A. Tunney,
as
voting
D.
have
$431,821.—-V.
meeting
stock up
erence
Federal
for
a
funding dividend
on
consideration
other
interests
capital
ended
year
the Act as a holding company.;
Since the formation of American in 1934, dividends have never
who
trustees,
interest
Jr.,
Electric Co.
its
trustees
Electric
•
tending
of
of
The
trust by
voting
a
or
stock
common
in
its
in
data
companies.
records
relating
dividend
Balance
system
to
total,
Weekly Output--';;
Co.,
Service
American
company,
furnishing services
establishing,
The
(11
is
service
subsidiary
a
cash
and
and
as
ol'
consideration
.
corporation,
British Celanese, Ltd.—To Fund Div.
Arrearages
At
1942, of the following:
11,000 shares of common stock
first mortgage gold bonds, series B, 67;, due
$1,431,884 <5%■ open account Indebtedness (interest pay¬
1945;
Associated
corporation,
Pennsylvania,.
American
ex¬
$2,892,000
par);
.
an
$6,320
due-to class
Co.—Hearing Oct. 27—
entire
Rupe
a
securities
Dec.
.
furnishing
telephone service in'the States of Florida and Georgia.
t
"
Id) Independence Water Works Co., a Missouri corporation, furnish¬
ing water service in the State of Missouri.
ie) The
Suburban Water Co. of Allegheny County, Pennsylvania,
a
Pennsylvania corporation, furnishing water service in the State of
Telephone
Southeastern
(c)
for
Dallas, Tex.,
Virginia1
Virginia
West
and
of
par),
hearing lor Oct. 27
a
of
Gordon
D.
to
set
itself
divest
Inc.
-
"
The Bluefield Telephone Co., a Virginia and West
corporation, furnishing telephone service in the States of
(a)
deduction
$431,821.
cumulative preferred stock ($5
$74,067; capital surplus,
",($100
$13,682;
Electric
h
American has
(after
total,
year
State of
the
■■
fund
$27,800;
$10,880; class A 4'.«
$315,244;
Associated
Minnesota.
and
depreciation
additions),
income,
on
$7,345;
Electric Co., a Wisconsin corporation,
conducting merchandising business in
Wisconsin
Wisconsin
furnish¬
merchandising business
Illinois
an
Wisconsin Southern Gas Co., a Wisconsin corporation, furnishing
Id)
gas
and
electric service
-furnishing
the
Illinois
Northwestern
(c)
Utilities,
Illinois
and gas service and conducting
ing electric
plant
on
Liabilities—Accrued'real estate and other taxes, $4,075;
A stockholders, unpaid pending issuance of
stock, $4,306;
class B
stock
(payable Oct. 1, 1942), $2,222; provision
■a
Minnesota.
of
$243,302;
$34,120),
the
'
,*
corporation,s furnishing
)a
1413
or
to
to
Finance
by the
the
the
Co.*
Cana¬
Calumet
&
Ilecla
Consolidated Copper Co.—Plans to
Reopen Old Mines—
The
old
company
is
reported
to be planning
high cost properties that have been
to reopen several of its
abandoned or shut down for
*wtl & mvtiPM,, i'
•.
(T.VAW1 >(W|V
and the Centennial.
these are the Central Mine
Among
Present
Exploration
lated
water.
been
has
already
i
•
'
which
,
r
tubes
time
same
4
No.
the
months back
several
•
.
good
life when metallurgical efficiency was not as
("Boston News Bureau.")—V. 156, p. 511.
1940
$7,712,600
$7,136,200
623,168
520,155
313,850
173,280
95,234
$6,129,623
386,203
71,735
tax.
taxes
eral
taxes
* Equal
share
the
on
shares
303,000
:
like
A
/
amount
Sheet,
1942
31,
July
of
tons
of
,,...
r
1928
income
property .and
merchandise,
side
>
1941
585,322,
;
,
156,
64,476
•.■iv,' 75,059
Purchased
$201,900
and taxes
maint.
operating,
power,
period
the
$345,063
1942./
—V.
156,
955.
p.
-'"A
'
In
Court of Appeals
Circuit
the
of
to
company
dismiss
It
C.
Court
Circuit
the
that
rul)^d
later
will, determine
it
Central States Power & Light Corp.—Hearing
Postponed
Oct.
to
acquire
Traffic
—v.
•;;■■>■//AvyV
1323.;.;
p.
$4,149,000
$4,927,000
earnings
156,
assets
156, p. 1234.
See V.
6 Mos End.'
-Quarter Ended
Gross
$277,503
$189,071 ;
profit —w1.
538,567
67,785
162,076
$20,647=
$115,427
94,291
$94,780
■-
and
$2,756,000
r:
$1.41
:
t
sales
Net
of
Cost
__
in
JL-
2004.
—
sales
Belling
expenses——
Admin,
and gen. exps.—
Profits
Other
Loss
Co.
$2,173,687
180,253
$630,008
20,938
$8,458,286
$4,898,796
$2,271,996
—
248.542
233.447
41,113
1.692
259,764
28,923
\
—
property retired
on
1
5,047,226
115,469
inc.
Pennsylvania
taxes
oth.
&
tAudited.
§Gain.
*
portion
$2,011,625
'
$5.59
$4.75
sh.
common
per
Includes
other
160,490
as
unrealized appreciation
as
$1,458,943
$4.05
these taxes were included in
fFederal income tax only.
;
years
expenses.
Balance
$317,309
$0.88
:
;
;
30,
June
Sheet,
;
\
;
V
tories,
accounts and bills receivable, $2,164,582; inven¬
employees' loans and accounts, ■ $8,189; U. S. war
$3,898,669;
savings
held for sale, $9,712; fixed assets, $4,716,894; prepaid
deferred charges, $69,840; other assets, $101,245; total,
bonds
expenses
Receivable from
and
$14,394,049.
■
■'.;; ,;;■'
_'
..,
$745,971;
payable,
Liabilities—Accounts
bonds,
salaries,
and
wages
addi¬
U. S. war savings
$14,357; reserves,
miscellaneous accrued liabilities, $6,346;
held for account of employees,
collections
Celanese
156,
The
approximately
only
total
factor
in
of
Inch,
an
aixd
has
diameter
a
of
miles
20,000
it
"Fortisan"
-
twisted
are
yarn
which
textile development both
post-war
filament
new
■/.;■filaments
these
of
The
together
promises
in
to
consumer
to
form
./
been
the
is
States
earmarked
given
name
corporation.
this
by
United
into
for
the
work
war
the
to
Since
war
the
range
shortly
entire
fields
in
of super-strong yarns
before the entrance of
output
where
of
once
has
"Fortisan"
silk
used
was
a
farther
worm
remain
of
its
at
after
even
tion
and
back
wide
the
into
the
oblivion
The
war.
in
corporation
of man-made yarn
range
which
at
it
is
expected
to
domestic
produce
war
present is a major producer in the field.-
Celluloid
Celanese
America,
in
tin
The
base
announces
in
8,545,871
",
plastic,
and
Corp., the plastics division of Celanese Corp. of
the perfection of plastic material that will replace
of collapsible tubes.
was
a
special
developed
addition
Newark,
laboratories
to
formerly the Hygienic Tube & Container Corp.
the
work
the
N.
J.,
of
Colgate
Manufacturing
formula of Lumarith, has a cellulose acetate
after several years of collaboration with the
in
tubes
&
Co.,
the
have
laboratories
had
Ortho
Co.
18
of
the
months
Products,
Inc.,
of
Celanese
,
testing
and
in
$9,063,608
$9,770,229
^
the
Chesebrough
taxes, $14.66; over-i
$6.15; paid in dividends^
$1.69;
etc.,
accounts,! $37,955;
prepaid
$643,954;
inventory,
"
total,
Oil
Gasoline
&
A■'■/'V .'■:;:v
surplus,
vacancy
of
L.
caused by
Snodgrass
.finance.—V.
146,
been
273.
p.
Willard.
..
.
semi-annual cash, sinking, fund instalment payable on Nov. 1,
the terms of the indenture. .■
v-<-; !•/>,>/'A
the
Columbia
of
price
;
Gas
all
owns
104
of
Columbia
Oil's
plus accrued interest,—V/ 156,
20-year
1324.
p.
week
ended
the
and
last year,
V;;,;';;',;■'! 'A; A/--;; V-V' -A,:.;A;A:vy
totals of the past four weeks
comparisons with last year;
;'; ;■■■'■ /A.'V;/./'A:-/;?'"■'^-,-
percentage
•: ■ .;A/•■,;
'
■<
■■■•■
Week Ended—
■;.
■
"■•■/'
•: ■
■;:A.(: ■ Kilowatt-Hour Output
1942 .■■■;■-
/■■;■.
The
ICC
issued
RR.—Abandonment—
abandonment by
the company of a line of railroad extending from Superior to Nelson,
approximately 13 miles, in Nuckolls County, Nebr,—V. 156, p. 1234.;
Oct.
on
8
certificate
a
permitting
Machine Co.—Curb Asks Retention
&
■Robert
oral
T.
Crane,
unlisted
counsel
Jr.,
argument before
the SEC
Curb
of
While
for
Oct.
,
sept.:
—v..156, p. 1324.
the New
for
ift
York Curb Exchange,
13
asked
by .the
the. retention
shares from
reduced
to
ber
the
Commission
the
unlisted
unit
Mr.
of
for
.
added
been
has
held
100
shares.
In
an
issued
order
that the character of trading
;
trading be reduced from 100 to 25,
trial period of six months when the
or
last
was
Decem¬
such that
but suggested that
trading privilege should be terminated,
shares, and con-^
would con¬
10
Commission
matter again.
Crane
adequate
He
pointed out that the Commission had held that there was
distribution
that
since
of
the
the
unit
stock
of
in
the
trading
vicinity
was
of
reduced
the
Exchange:
investors
have
getting much faster execution of orders, that the spread in price
reduced greatly and that there has been a better market all
been
than
Walter
there
was
when
the
unit
of
trading
was
100
p.1629.
■./;■"■/.
,,■
■■
;:i"
'h Increase
.;
-.'V--4.7
v
■!}4.2
- '
"
;
■
•
:
of
output
adjusted
to
show
electric
general
•
7.6
10.2
X':'.VY-A"';-*"
Southern Corp.—Weekly
kilowatt-hour
corporation
153,989,000
150,470,000
149,943,000
r
energy
i-;
.
-V-.
Output—*
subsidiaries
conditions of
of
business
the week ended Oct. 8, 1942, amounted to 215,156,867 as compared with 202,874,388 for the-corresponding week ik
1941, an increase of 12,282,479 or 6;05tf.—V. 156, p. 1324.
served
for
Wade,
Chicago
counsel
for
the
company,
Congroleum Nairn, Inc.—Special Offering—Special of¬
shares of capital stock
of 20,500
fering
(no
par)
made on the New York Stock Exchange Oct. 9 by
was
Smith,
Barney & Co. at 15%, with 45 cents commission. Bids
received for 30,565 shares and allotment was on a
were
basis
of
member
67.1%.
There were 111 purchases)through 52
firms, with the largest allotment amounting tq
2,010 shares and the smallest to five shares. Thewolume
stock for the month of September was
of trading in the
4,000 shares.—V. 156, p. 426.
'
Concord Electric Co.—60-Cent Common Dividend—
shares.
that a
circular vote of stockholders resulted in an expression of opinion that
the
shares should
be removed
from
trading on the Curb.—V. 154,
A.
weekly
this
of
privileges in the common stock (par $4)
asked for the removal of the privilege and trading
argument was on an order of the Commission to examine the
results of a trial period of trading after the unit of trading had been,
the
1941
,
154,091,000
trading
The
25
iei,546.000
i65,i72,ooo
Commonwealth &
territory
..
.
the company
stock over-the-counter.
the
■"
--160,404,000
sept;
The
Chicago Rivet
■.
161,284,000
10
.
Quincy
&
»
corresponding period
Oct.
Chicago, Burlington
"
the Commonwealth Edison group of companies
Oct. .10, registered a 4.7',v increase over that of
Following are the kilowatt-hour output
-A;.
.
;;;■/.;-
debentures- out¬
ol.
Electricity output
Oct.
'
/
standing in the amount of $9,106,000,;
Proposed purchase price for the
transaction ^covered by "the filing is given at. $312,000 in cash- plus
accrued interest, which is the equivalent of the present redemption
:
-
1942;
under
in, charge
Vice-President
appointed
,
director to
has been elected a
the death of Daniel
has
•
Take
to
Corp.—Proposes
•
for
Niedringhaus of Granite City, 111.,
i
equipment,
plant; and
$3,302,791.
$420,278,;
the
around
plant
expenses,
depreciation,
/The corporation filedg Oct. 8 with the SEC a declaration covering
its
proposed purchase 'from its affiliate, Columbia Gas & Electric
Corp., of $300,000 principal amount of its 20-yqar debentures and sur¬
render of them to City Bank Farmers Trust Co., trustee under the
indenture of Feb. 1, 1936. "for cancellation and retirement- in lieu-, of
/.
Chicago & Alton RR.—New Director, Etc.—
sider
manufacture
the
Celluplastic Corp.,
In
;
1015.
156, p.
tinued
New Plastic Collapsible Tube Announced—
accounts
capital
stock,
$1,500,000;
$1,382,513; total, $3,302,791.—V. 153, p. 391.
'
$9;063,60®
'
Total
-V.
the
began
the close of the last
book
Commonwealth Edison Co^Weekly Output w
in
development of. this super-strong textile, the corporation
short space of around 25 years has pushed the Japanese silk¬
Through
working
surplus" $ OX;" tolal, $ 100."
Liabilities—Reserves,
a'
exclusively.
in
$479,006
13,020
25,710
9,368,991
of Unlisted Trading in Stock—
"Fortisan"
insurance,
to
added
operating
other
trademarks,. $1;
■
/ $15,627 ;
'■ $19,184,
payable
69,704
'71,112
stock (par $1)
1,043,771
915,254:
Surplus
—9,063,360
9,298.017
Treasury stock —^
Br422,232
Br239,958
be a great
and indus¬
fields.
plant and equipment
capital to pay for
and providd
assets,
as
Over and Surrender Columbia Gas Debentures—
$9,770,229
'
■
used
inventory,
Each $100 of income; was distributed as follows:;
$32.96;
materials
and
supplies, $31.45; selling
cash.
expenses,
$868,170;
1941
«
23,600
^
fixed
in
be
/;Balance Sheet, May 31, 1841
Capital
'■'■ /;: V;/;,,-
■..•■■
adds:
10,000th
one
160
Celanese
produced
the
further
pound.
one
of
denier
trial
;/
to
carry
Assets—Cash,
$344,60f;
accounts
receivable,
$560,822;
bonds,'
anticipation notes, $351,200; other investments, $65,300^
Dividend
Russell
on
announcement
weighs
20
etc
Accounts payable and; accrued exps. and taxes.
H.
weighs Vs of 1 denier.
A
•:•
of
,
fill the
Corp. of America—New Development—
corporation
and
employees,
$5.30;
Columbia
■'•■1942
'
$363,205 A
14,434
-—
Liabilities—
777.
p.
Oct. 13 made known the development in its
laboratories of a synthetic textile filament so fine that whereas the
finest silk filament weighs approximately 1 denier this new filament
The
of
custodiancapital stock,
with
sales
■Total
total,
$908,123; common stock ($5 par), $1,800,000; surplus, $7,800,701;
$14,394,049.—V.
invested
$69.87
$430,788/ tax
compensation,
$2,035,359;
is
left
;
"
.Investments
$732,844; taxes, other than Federal income and
excess profits, $350,348; Federal income and excess profits
taxes (less
U. S. Government obligations purchased for use in payment of taxes),
tional
to
.38;
Sept, 30
Sheet,
«
receivable,
Dividends
$1,073,605;
securities,
there
material
and
head
194:5
Assets—Cash on hand and deposits in banks, $2,351,313; marketable
^
Assets—
Cash on deposit
v
.
and
37%
the
the surplus increased $41,496.12. i'f/'v- ■VA:/;.■-■'■;.A;
the- investment of 660 stockholders supplied the
for the conduct of the business and afforded em-,
about 450 people.
Out .of each $100 furnished by the
This
expense,
the Federal
-
increased
"Sales
stated:
24.8over
the- year
to
Paid
Internal Revenue
such would become liable for such taxes only on its undis-.
under
Conn.—AnnuarReporf—
shipped
money
or
investment company
mutual
a
Code and
13,738
State social security taxes. For
administrative and general
and
Federal
of
of portfolio
sales
on
_
tnbuted income for the full fiscal year,
income——! $1,711,601
Net
lbsS
or
:
Balance
Earns,
gain
fBefore
tools
12J/2',t,
labor
12,706
13,079
2,033
reflect in net
depreciation in quoted market value
of investments as compared with costs at Sept. 30, 1942.
Such unreal¬
ized depreciation amounted to $1,566,871, as compared with $2,3 87,958
at March 31, 1942, and $1,844,764 at June 30, 1942.
(2)
No provision has been made for Federal income taxes for thd
six months ended Sept. 30, 1942, since the company expects to qualify:
159,800
168,482
:-; ■■:'■■■■■'-V;-'7';'■"/''■
'b: ;'■■'■ ■"■■'•'"
',■■ •
$189,872.
$419,283
$403,171
$80,387
President,
Taylor,
of
ployment
The policy of the company has been not to
Notes—(1)
;
i;
for
A:/-.—i—
800,000
conting.
to
"During
necessary
8,615
;
158,915
77;682
■
Co., Hartford,
L.
necessary
$30.13.
^
229.856.
68,197
82,502
138,005
$57.1,653.
-
"co.'s
etc._
provision
stockholders,
§19,934
"Unaudited.
348,324
$578,198
-
number
ing
$143,403
'
vV.;
Prov. for undeterminable
taxes
i',
2.317,260
93,565
►
$141,633
securs.
on
in—first
out"
securities.
and ex-
income
profits tax
cess
185,000
172,900
officials.—
for
sation
•
$67,561
of
on.': sales
"first
Prov. for extra compen-
Federal
$66,002
4,694
3,284
V/, 138.853
previous year ended
May
31,
1941.
After
all
depreciation
charges,' reserves to cover
accruing liabilities and taxes, and the payment of dividends amount-"
11942—6 Mos.—tl941
$168,372
$170,730
26,739
27,327
14,226
basis
-
facili-
ties, net'
50,716
$272,374
•
Charles
13,399
—
period
for
prof,
income
•
32,440
$158,069
excess
the
portfolio
70,179
2,467
——J
loss
Net
$4,739,480
322.403
income
of emerg.
Amort,
tNet
*178,739
98,914
605
303,400
Federal normal income and surtax taxes
profits taxes has been tentatively provided. at rates set
forth in the Senate Bill.—V. 156, p. 512.
■
$8,169,007
oper.
Depreciation
Loss
*670,770
227,257
1,047,200
.
*3,837,769
887,152
dividends.
cash
Expenses
291,746
from
securities———
Total
6,610,820
132,600
s
to
—
*1942—3 Mos.—*1941
$79,401
$81,786
Period. End. Sept. 30—
$5,251,801
$564,523
income
on
•
Income
$9,lfei,916
parent
Collins
1939
; -1941
$24,758,175' $16,489,170
15,025,38410,239,464
1,175,421
1,164,940
388,363
.345,286
1942
$1,013,058
376.800
debt,
Note—The
and
Fund] Inc.—Earnings—
Chemical
Steel Co.—Earnings—
Carpenter
Years Ended June 30—
$1,764,251
sur¬
net
profit^-,'-" .
• "■^v;
■"
applic; to City* -Stores;'■-■
8.65C
•V.
1.55c
7.10c
Mos;—1941
prof, taxes
applic.
on
■\1. Consol.
'
Earnings per share—-.,--,.,-—,—
—V. 156, p. 863.
&
prof. fr. opers.__
funded
$766,000
■"'
$0.68
deprecia¬
for first half of 1942 was $2,520,000 comparing
like period of 1941, and $3,198,000 in like period
depletion
tion
of-: 1940.—Vr 155,
■
v'ji'H'
$455,690
$567,309
inc.
(estimated):.
Intf
profit after charges and income taxes but before
with
Depreciation, depletion & inc. taxes
'
depreciation, depletion, income taxes, etc.
Estimated
..*'■'
:r,
funded
co.'s
Proportion
1939
$1,582,000
profit
*After
differentials between plants of
1942—3 Mos.—19411942—6
,
$816,070
$88,432
287,909
production
Operating
$339,091
250,659
$476,979
charges
of
; '
-
1940
1941
(est.)— $1,015,000
$1,238,000
Earns.
per
share
on :■>■;, AA ;;■■;■!
capital stock L
$0.90
$1.10
■•■Net
on
&
.
1942
6 Mos. End. June 30—
less mineral tax and
income,
mint
Cost
July 31, *42
Apr. 30, *42 July 31, '42
Period—
principle of equal pay for'
comparable operations.'*"
the
work
Fed.
Int.
1324.
Corp.—Earnings—
Cerro tie Pasco Copper
Quartz Mining Co., Ltd.—Earnings—
with
of
(& Subs.)—Earnings—
-
norm.
Net
Cariboo Gold
before
tax & exc.
of its wholly-owned subsidiary, Missouri, Pacific
includes resale of such property and certain;
Power
Cooperative,
a
Missouri cooperative,;; for
Sho-Me
$2,500,000.
;.■>■;
quality
and
proposal
The
to
accordance
in
set
minv
on
debt
all assets
Co.
'■-'. \.v-•■■:;.■■
Sept. 25 but was held up
made
was
request of the United Automobile Workers of America,..
represents the employees, for a $1 per hour minimum*
which
profit
Fed.
request of the company the SEC has postponed from Oct. 7
28 hearing on proposal of Central States Power & Light Corp.'
the
Power
1941
be
quantity
Period End. July 31—
Net
p.1234.■
156,
^
had
90.000
to
hour
an
the
City^-Stores Co.
■
be liable for the interest and penalties'
this hearing,—V.
date for
O.,
taxes,
At
1942
'
.
,
it
that
announced
3
Oct.
on
cents
which
decision,
denied the
I.
,
,
Board
wage rate and also for the abolition of.
the company.—V. .156, p.
1324.
•
'
-
-
,
failed
company
four
of
awaiting
shall
women
Railroad would be liable for interest < and
if the Chancery Court of New Jersey holds
tax settlement laws are unconstitutional. ;
>
,-
set no
to
Period Ended Oct. 7—
the
A:-VA'';;-;.A;.:
comparable
Philadelphia has denied the;
at
an
that Central
of $10,101,520
effect
it
but
Canadian Pacific Ry.—Earnings—
•
8 a motion by;
writing of opinions, also adjusted the vaca-;
tion pay to bring it in line with the Board's decision in the General..'
Motors case and,-for the same i-eason, dii'ected that
"wage rates for
J.—Fails in Effort to Dismiss
Co. of N.
whether Central Railroad would
$2,350,811
$2,281,733
A A !''
earnings-
Denied—
Labor
War
Board's
release
int.
Net
.
:
Corp.—Wage Increase Granted—
increase
an
:■:■■•
The
RR.
railroad
the
2,666,286"
2,436,934
for
profit
appeal by Attorney General;
David T, Wilentz from the refusal of Judge Guy
L. Fake of the
Federal District Court of Camden, N.
J.-, to include in a decree a.
$5,017,097
'■.. $4,718,666
:
.
employees of
Chrysler Corp. in order to bring their increases since Jan; 1, 1941/
to the 15 7v increase in the cost of living between then and May,
the
Appeal—'J
Third
The
motion
1941
1942
Aug. 31—
that
alleges
National
The
■
granted
863.
Central
penalties
12 Mos. Ended
net
p.
Tax Case
Ltd.- -Earnings—
Gross, earnings
'
■
to determine the issues involved in the suit.
suit
Chrysler
165,200
-
exploration,
provision
Canada Northern Power Corp.,
1148.
required by the bond indenture for the years
for
year,
$845,891; reserves, $228,171;
total, $5,502,805.—V. 156, p. 396.
156,/p.
to make payments as
1931 to 1940. The com¬
pany replied that it had made all of the required payments. According'
to
the papers, $4,943,000 of the bonds were outstanding when the.
suit was begun, of which a ."large amount" has been canceled in ex-;
change for an issue dated April 1, 1942.—V. 156, p. 1016.
,V.
The
■?
up
and expenses, $427,428; notes
$41,941; notes and mortgages
capital and surplus, $3,722,782;
payrolls
taxes,
mortgages payable within one
and
payable,
associated
bondholder, to compel the company to pay $1,338,000 Into the sinking;
fund for the bond issue,. Justice Walter said that a trial would be'
68,922
$1,019,066
70,710
$836,256
and out-""-";
for deprec. on plant & equip,
Estimated
-V.
accrued
$236,592;
etc.,
become
and by the Empire Trust Co. as trustee of the company's
issue, for judgment dismissing a suit by Lillian Birn, a,
bond
necessary
;
,
1942
!
milled^r;_,r^._^__i,_,w„i.
ore
of production—
value
Approp.
(less reserve for doubt¬
ful accounts, $95,322);• $249,727; merchandise inventory
(less reserve
to
reduce inventory
to LIFQ valuation, $111,2981, $1,233,144; cash
surrender value insurance, $63,721; U. S. treasury certificates, $48,000;
other assets,
$274,286;
land, building and equipment (less reserve
for
depreciation
and
valuation,
$1,908,603),
$2,368,504;
deferred
charges, $194,479; total, $5,502,805.
payable,
Oct.
on
the company
Assets—Cash, $1,070,943; accounts receivable
Liabilities—Accounts
will
he
Vice-President.—V.
a
Co.—Motion
Childs
Estimated dominion
"
Balance
as
and General'
8 by Carleton,
effective' Dec,, I,j"
with American Airlines
tVice-President
as
announced
resignation will be
Supreme Court Justice Carroll G. Walter denied Oct.
was
■;
profit before approp. for inc. tax. & depr.,343,601
and provincial taxes
77,225
Est.
outstanding
of
stock.
common
■",
time
(New York)
share for
cents per
12 Vz
Central Patricia Gold Mines Ltd.—Earnings—
Gross
per
1147.
p.
6 Mos. Ended June 30—
$314,468
$424,921
$449,888
*$405,332
—
$1.19
to
156,
which
after
stock, no par value, pay¬
common
Oct. 24.
Culbert
Amos
.
dividend of
a
of
corporation was
Mr. Culbert's
.
after Fed¬
.Net,,profit
,
this
of
Putnam,''President.
dis-:
bursed on Aug. 8„ last, as against 25 cents each on Jan. 31 and May 7.
1942.
Payments during 1941 were as follows:
Feb. 4 and May, 1, 25
cents
each; May 10,
12V2 cents, and Aug. 1 and Oct. 31, 25 cents
able
Number
;
the
than
higher
1939
719,182
declared
have
directors
each.—V,
1941
$7,630,100
Fed.
before
Federal
.
quarter ending Oct. 31 on the
Oct. 31 to holders of record
the
prevails
as
1942
sales
Profit
slightly
are
Corp.—12 V2-Cent Common Dividend—
Celotex
The
Earnings—
Years Ended July 31—
Net
tube
plastic
now
today.
Burdines, Inc.-
the
of
tube, but this
,
that the output is exceeding original
long
prices
resignation
Counsel
will not increase the products' cost to. the public..
Increased production will lower the price of the tube, the announce--:
ment said.—V. 156, p. 1323.
r
/
>.<•
j
metal
Southern Air Lines, Inc;—Resignation—
Chicago &
The
required
have
would
production
North Kearsarge shaft
was;
is producing and it is understood
estimates by a substantial margin.
The greater
part of the company's production continues to come
from its Ahmeek mine and from reclamation
at its tailings dumps
that had been accumulated since
the early days of the company's
the
At
,
reopened
capacity is confined to the needs of the three
100,000,000 tubes.
This quantity of metal
2,200,000 pounds of pure tin.
At present,
production
companies mentioned—about
started on the Central property and it is
possible that within the next few months production may be coming
from this property.
Preliminary work also has begun on the Cen¬
tennial, consisting at the moment mainly in pumping out the accumu¬
work
Monday, October 19, 1942
FINANCIAL CHRONICLE
THE COMMERCIAL &
1414
said
The
the
company
common
amount
company
on
stock,
Oct.
no
disbursed
15 paid
par
value
this
a
dividend of 60 cents per share on
holders of record Oct. 7.' A like
tq
issue
on July 15, last.
Previously, the
paid dividends of 70 cents each quarter,—V. 156, p. 160.
was
on
Volume
Conde
,
member of
a
Publications,
has
founder of
Nast,
is
Nast
Petcevitch
Iva
—V,
156,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4117
156
been
the
elected
Inc.—New
President
who died
business,
board of directors
the
to
Sept.
on
and of
'
.
■
.
*
,
'
Petcevitch
marketing
Consolidated Edison Co. of New York,
company
on
155,800,000 kwh.,
compared with 166,000,000 kwh. for the correspond¬
week of 1941, a decrease of 6.1 %. Local distribution amounted to
kwh., compared with 155,100,000 kwh. for the correspond¬
ing week of last year, a decrease of 6.9%'-.—V.'156, p. 1324.
•
insurance
has
company
sold
privately
to
institution* $225,000
bank notes and
share has been
per
Period End. Aug. 31—
June
due
cents
cents, payable Oct.
declared
the
on
common
This
(1)
The
1942—Month—1941
1942—8 Mos,—1941
$1,045,503
$681,325
$6,942,338
$5,317,185
expenses
692,957
430,137
4,159,237
3,270,303
Texas Co.
(31
■1 Net*
Cooper-Bessemer Corp.—Again Exceeds Goal—
income
$352,546
—
$251,188
$2,783,101
operating; income
Other
growing shortage of critical materials, the corporation
its increasing monthly production goal for the fourth con¬
income
Federal
,
.
1,270,475'
$165,879
$160,065
$1,512,626
$1,359,071
3,429
3,522
29,696
income—v.
$169,308
$163,587
$1,542,322
34,660
259,896
$1,389,049
funded debt,
on
rents,"' 'etc!
■
for
November
respectively.—V.
and December
158,
1046.
p.
represent
and
26%
'
"
•
41%
'
'
increases,
*<•;''
Depreciation
Net
The
t
-
31,253
Y
301,309
!
with
pares
paid a dividend of 15 cents per share,
stock, par $1, to holders of record Sept. 10. This com¬
common
10 cents paid
Dec.
on
10,
1941.
Net
profit after
Earns,
—V,
155,
1832.
p.
1942
charges and taxes
on 399,433 common shares,.
share
per
! '
July 31—
,
_
SO.29
during
Nil
&
1941
89,728
780,360
695,071
$38,396
$39,199
$392,660
$502,066
compared
as
follows:
...
:
;
..
.
;
the
The
have
directors
stock, par $5,
declared
with 75 cents each
since.—V. 155, p. 398.
compares
dends
dividend
a
of
$1
July 7
on
share
per
20 to holders of
payable Nov.
record
and Nov.
21,
'
American Power & Light Co.
the com¬
on
Nov.
4.
no
1941;
Electric Power
This
divi¬
! /
&
corresponding
and
appearing
Years Ended June 30—
Net
sales
dost
1942
io4n
1941
'
—Increase—
''
1941
Amount
Vo
152,628
11,265
7.4
87,365
81,690
5,675
108,727
9,413
William
$10,291,036
$10,817,508
$9,455,419
10,862,090
7.906,944
8,805,480
7,744,242
of'sales—YY———'
—V.
v
fr.
prof.
ations
before
deptv
$3,554,238
Net. profit from oper,
before deprec:
.;
'
incl.
inc.,
$2,012,021
1,409,393
$602,628
$355,585
245,632
179,142
174,499
137,743
The
>$2,668,810-
—i—
Interest''——':——''
Taxes
capital • stock,
•?: franch., etc. :
;rA'£- x
for
Prov.
f'
$1,521,047-V $777,128
19,580
8,241
$493,328
33,899
31,084
19,160
75,624
nated
73,867
19,047
181,842
during
to
for
plants Si
Prnv.. for
144,186
being
130,043
:
by
another,
corporate
at
about
&
396,406
457,029
2
LY3.1I5
9,570
28,425
26.056
7,982
151,234
140,6991
28,425
a
year
declines
price
E.
the
—
■
Net
and
lawyer,
of
inc.
period
for
$1,077,281
-
$652,312
308,480
paid
per.. sh./on
308,480
Stock
cap,
than
over
of
$2.09
-
.
'*
Balance
Consolidated
Reserves
doubtful
for
inventories of
manufactured
.
accounts
discounts,
accounts,
Nil
etc.,
products,
1942
\
yf
trade
1
assets.
miscellaneous
$319,711;/ property,
and
:J
Liabilities—Accounts
placed
equipment
accruals payable, • $294,352;
$308,480; notes payable, banks, due
$585,681;
dividend
such
$14.488,989.—V.
total,
Delaware
155,
an
By
ICC
the
company,
railroad
of
1
Oct.
on
issued
B.
time
A.
Javits,
"
he
paid
know
by
how
next
Norman
r
C.
in inc. of
Int.
(W, L.) Douglas Shoe Co.—Earnings— Vl Y;■<
Net.. profit.
♦Loss,
t$257,050
————
fAfter,
provision
-■
for
Condensed
1940
1941
1942
;
$78,401
income-tax
Balance
Sheet,
surtax.
'
Goodwill
•
.
.
Liability
stock
the
taxes
under
share
1941)
116,600
80,305
80,245
47,454
Def472.351
*
and
expenses
lease
■
70,894
-----
—
plus
accrued
par
in-1941)
(entitled
stated
value
6.620
shares in hands of voting
shares
$1
in
trust.—V.
on
(107.634
share,
treasurv
154,
p.
$2,707,983
liquidation
107,724
per
31,809
2,083
$2,857,665
dividends)—issued.
less
Y
—__
tNo par value
value;
shares
■
332.
in
issued,
and
291
to
$25
1941)
87,216
(648
in
open
uttered
no
quickly turned
Mr.
Murphy
final
bore
vote
7,885,626
1,399,824
10,473,369
8,734,694
87>594
92,222
379,776
398,103
how
story of how he
shares in the belief
.
management
into
not
the
tried
of
hands
another
notices
Share
two
"select
came
from
He
charged
in
they
should
be
;
the
hall
.
to
until
so
•
»
..
who
had
a
the
demanded
were
other
shouting
at
Mr.
and
protect their
the
the
had
management
who
room
excluded
won
vote
H,
L.
which
Mr.
point
Groesbeck
from
the
meeting.
but
Mr.
services
Under
will
be
Bond
p.
proposed
be
called.
Hollis,
asked
Mr.
They
Okin
they
•
,
Frederick
are
Murphy,
for
a
of
It
Ebasco
management,
properties
new
outside
arrangement
was
&
motion
John
to
R.
service
Services,
Inc.,
A.
the
the
SEC
subsidiary,
Texas
on
Oct.
super¬
Such
foreign
Power
many
these
Co..
properties
originally
was
service
Inc.,
properties
in
that
an
Dallas
the
of
Railway
&
Terminal
by
Co.,
the
to
three
months
and
12
and
12
respective periods whether
' ■;*
""
Y
y
stocks of subsidiaries
common
respective periods.
Account
of
Company
Only
1942—3 Mos.—1941
income,:
1942—12 Mos
$685,988
$925,394
$3,133,973
*18,400
18,000
taxes-/—-
1941
*111,301
taxes
$3,516,724
65,77a
4,747
9,866
19,294
39,537
103,139
Balance
Interest
114,207
378,302
390,747
$559,702
$783,321
$2,625,076
$3,020,670
379,750
387,500
1,527,377
1,550,000
9,543
9,743
38,39Q
—,
—
—
debentures,
on
coll.
on
Amort,
of
trust
debt
bds.
disct.
40,030
&
exps. on debentures—
Other interest deducts—
Premium
coll.
&
expense
trust bonds
Net
♦Includes
months
38,974—
6
on
retir.
552
income———„
provision
$170,403
for
Federal
$386,078
taxes
for
$1,059,303
the
three
$1,391,114
months
and
12
ended
respectively,
Aug. 31, 1942, of approximately $2,000 and $16,500,
additional to the amount required under the Revenue Act
Of
156, ix
1941.—V.
1047.
Eureka Vacuum Cleaner Co.—Options Extended—
:
The
options
held
Vice-President,
tively,
—V.:
at
$3
156,
to
by
W.
H.
purchase
share,
per
Burritt,
25,000
have
1237.
p.
Faultless
President,
shares
both
:Y-:*v
Rubber
been
and
and
G.
7,500
extended
H.
Stevens,
shares,
to
July
respec¬
31,
1945.
YY'-;,Y>:7;Yr:iY'Y
Y'Y
>Y
Co.^—Earnings-
Years End. June 30—
1942
1941
1940
1939
$407,710
$247,625
$206,747
$134,687
48,415
Oper. -prof. bef. deprec.
Depreciation
—_!
47,481
45,726
—
Other
income
(net)——
inc. taxes
to
Net
50,621
Cr572
Drl,408
Cr4,602
Cr61
*229,500
70,326
28,001
13,803
-
profit——^
Dividends
Earns,
65,450
share
shares
stock
(no
$130,367
$128,411
$137,621
$70,324
Y 139,082
98,175
98,175
65,450
$1.99
,
—
per
$1.96
$2.10
$1.07
on
com.
par)_„
-
♦Includes "8103,000
sible increase
profits tax and $39,000 provision for
excess
in rates.
Y
Y
Balance
Sheet,
June
30,
1942
Assets—Cash,
$299,465; securities, $142,019; trade accounts receiv¬
(less
reserve,
$5,249), $187,803; inventories
(at lower of cost
market), $419,416; other assets, $44,296; property, plant and equip¬
ment
(less
accrued
provisions,
$1,934,243.
depreciation
$751,985),
to
$809,441;
June
30,
deferred
1933,
plus
subsequent
$31,802;
total,
charges,
Liabilities—Accounts
payable,
$32,237;
salaries,
wages
and
com¬
$30,816;
payroll
taxes,
$6,695;
accrued
State, local
and
capital stock tax, $9,169; Federal taxes on income
(estimated),
missions,
Federal
$230,305; common stock (65,450 no
surplus, $438,478; total, $1,934,243.
■Net
Net
year
shares),
par
$1,186,542;
earned
Higher—
the first quarter of the company's current fiscal
began July l, ,last„ will be abput 25% ahead of the same
Wallace De Lahey, President) told the stockholders
annual meeting.
Net profit before taxes is satisfactory, he
during
which
last
the
at
Sales
sales
period
year,
added.
dollar
volume
the
Navy,
chemical
Army,
remainder
will
be
civilian
of
(Oct., Nov.
business
warfare
goods,
Ferro Enamel Corp.
and
foreign
formed.—V. 156,
corporation
pos¬
,
able
9 Mos. End.
♦Net
Shares
p.
and
its
partially recapitalize
Sept. 30—
profit
-
common
Mr.
and Dec.)
will
and
De
consist
aircraft
about
of
50%
of
the
war
goods
for
products,
while
the
Laney said.—V.
156,
p.
865.
per
(& Subs.)—Earnings—
1941
1942
$101,759
$450,539
$319,042
$308,850
233,056
233,056
233,160
194,300
$1.37
$1.59
stock—
$0.44
share
depreciation,
interest,
Federal
$1.93
income
1940
taxes,
-
1939
etc.—V.
156,
1048.
(Wm.)
proposals
for
taxes
,
each
of
gross
Other
Electric
the
Co.—
approved
'
of
division
Central
&
7
6,211,872
768,596
Federal
holdings by the public of
company's
and
States.
Light Corp.—SEC Accepts Plan to
Partly Recapitalize Dallas Ry. & Terminal and Dissolve
The
for
31, 1942,
Aug.
upon
end
♦After
Northern
8,019,544
615,246
—
provision
unearned.
or
Earnings
Power
1,629,556
During the coming quarter
—
United
957.
Electric
1,565,773
1941.
Federal
Simp¬
adjourn
engineering
the
the
Foreign
controlling
to
397,243
cons.
the Ebasco Services, Inc.
by.American
Share, subsidiary
America.
division
utility
part* of
a
the
acquired
&
South
are
discontinue
to
to
of
Total
this easily, with 3,315,839 votes
Utility Services Outside U. S
services
39,537
390,747
389,290
Income
coun¬
attack,
Y
.
65,770
19,294
378,302
Period Ended Aug. 31—
or
under
were
Mr.
Murphy
As
a
parting remark he made the observation that he
thought the "whole thing had been a healthy and beneficial affair."
To Cease
to
surplus
many
meeting.
visory
**111,301
9,866
stockholders
not
were
as
was
this
18,000
114,207
with the
cooperation
Summerson, F. H. Thomas, George G. Walker and L. B.
They all received slightly more than 4,000,000 votes, the bulk
by proxy.
Wiegers.
At
that
C. Groesbeck,
8,337,482
1941.
at
P.
E.
son.
insisted
C. E.
10,094,214
4,747
deducts.
ended
tBased
would
the
Murphy
89?
1,307,912
103,139
Prov. for Fed.
for
;
621
**18,400
carried
earned
ad¬
an
stockholders
directors
new
that
the
management
310
tFull dividends requirements applicable to
until
year
limitation and 226,250 in favor.
Mr. Phillips challenged
votes sent in through brokers, banks and similar agents,
the issue of directors, all nine nominees were reelected when
On
Mr.
of
hand,
8,336,585
312
__
to
directors."
others
on
8,336,585
10,093,593
limitation of
the
$10,000
that
so
own
in
to
paid,
were
doing
stockholder who identified himself
a
10,093,593
1,307,602
1,130,831
—
1,307,602
1,130,519
ended
Aug. 31, 1942, of approximately $2,000 and $16,500,
respectively, additional to the amount required under the Revenue Act
the
attempted
stockholder
calling for
system
months
their
and
in
Y .YV'N; Y
:
dividends
for
order
to
successful
■
&
1,130,519
♦♦Including provision for Federal taxes for the three months
going to tell
was
the
"the
playing
Okin
Mr.
was
proxy
Bond
subs
Corp.:
months
was
the
company's officers
stop him, he would have
buying 9,000
by
to
proxy
Farrar,
2,152,680
11
§No
(87.156
400,000
2,154,480
($100 par)113,600
called
company
Company plans
1—lil—-u
:
♦Including estimates.
shares.
$396,917
a
against
$2,707,983
i
stock---
Total"
per
1
$2,857,665
—
-
♦Accrued
37,887
—$390,932
—
stock
Surplus
500,951
46,526
1
———
prior pref.
cumulative preferred
SCommon
440,706
Act
and,
Finally, at 7 p. m., a vote was called for on the resolution introduced
by Mr. Phillips calling for limitation of salaries to $10,000.
With the
.
.
and accrued payroll
payable
payable
tConv.
1,126
1,600,995
for depreciation—,
————————
Liabilities—
7%
123
.
————Y_.—'•
-—.—,
Accounts
Notes
res.
>
1,716.938
etc., 'prepaid' expertses—-i—
insur.,
'
Total
-
214,810
Y—
—_Y—J-——1_———-v-—---'''
Land," building.; etc., less
Unexpired
$352,214
-
Notes receivable
Merchandise
1941
$274,300
—
reserve)--*-
had
all
1942
(less
recciv.
16,620,320
7,890,326
*
earned
from
order
had
He
and
into
heartily subscribed to this,
by declaring that since the employees
right, to hear what was being said,
proxies
•
.
379,071
—
—
Accounts
*$148,239
.
June 30
Assets*—
Cash
1939
.;»$202.565
and
18,363,695
1,971,406
—
—
and
Bal.
$15, shook his fist in Mr. Murphy's face and demanded
was going to get his
money back.
of
many
6 Mos. Ended June 30—
3,371,230
1,972,817
(as above)—
taxes
Expenses
about
tried to
and
stockholders
Norman.
employees
tered
;
Cr41,916
taxes
he
therefore
to
he
when the
corporation lawyer, pleaded
demand
and
East
the
a
value of about
and
from
992,579
Crl07,027
applic. to nxin,
income
Other
Commission."
meeting
to
meeting
immediately got into a brush with Mr. Okin, finally
throw Mr. Okin out of the room.
that episode quieted down an elderly stockholder who declared
$4,000 for his stock many years ago. and that it now had a
When
Arkville,
northeasterly
2,093,188
1,079,933
Cr2,811
to
attempted
started.
nr.,
truth
river
stock
common
the
Approximately 37.316 miles, in Delaware Gounty, N. Y.—V. 130, p. 2202,
extending
Branch
as
the
of
sought
threatening to
to
abandonment
permitting
2,131,854
233,330
1,218,113
Federal
management and
;
and foreign commerce, of its entire line
to interstate
as
certificate
a
p»
launched
company,
in. the
opportunity
this
The
The
7
Murphy and other officials to put in
interests "by fighting the SEC."
-
V'.YY'YY'Y'I
,
time
have'
Railway—Abandonment—
Northern
&
2455.
p.
whole
repeatedly
salaries* in
renomi¬
salaries
proper
hut
President,
after
then
the
Exchange
journment of
payable, July 15, 1942,
Jan. 19, 1943, $300,000; prov. for Federal and State inc. taxes,,$565,377;notes
payable,
banks,-$1,200,000;
reserves,
$269,268;
capital stock
($1 pari, $514,134; capital surplus, $9,180,975; earned surplus, ,-$1,270,722;
time,
outburst
the
investment,
resolution
a
executive
the
not in
Share,
&
i.;' In the meantime, Randolph Phillips,
$2,230,774),
payable,
11,405,854
496,472
Cr54,995
—:
Int.
assigned
the meeting officially, but
hour later.
■
Y :: YY:
full
$6,245,875; property, plant;
and equipment of discontinued division, held for liquidation at esti¬
mated realizable
amount,- $99,932; property,
not used in operations,
$550,485; patents at cost (less amortization, $111,332), $142,126; de¬
ferred charges, $391,461; total, $14,488,989.
;Y. Y;YYY
':
depreciation,
(less reserves for
and
limit
to
preventing
were
Bond
if anybody
in. the
down
company
Mr. Murphy
open
110^527>,-
plant
2,859,950
571,916
242,223
Expenses
by
Murphy,
He
nine
hand.
of
until
that
good
a
W:
"the
and
investor
was
the
Securities
Y
(less
081; other current assets, principally receivables, $258,899; investments
and
2,843,094
15:
of stockholders
'•*. ;;./Y :
Mr. Okin shouted that he
physically.
an
it
sell
$1,682,393;
materials and supplies, $3,349,J
,$
232,324
31,221,669
11,557,498
equity of El. Pwr.
Other
sales
1940.
Oct.
the
charge*
stockholders
it
when
Sam
attack
opening
directors,"
do
that
Y
...
receivable,
his
became
Nil
'
and discontinued divisions,
''
•
June 30,
Sheet,
and
to
-
$1.26
■Y.
.
Assets—Cash, * $1,449,026; ,notes
words
to
the
at
the
m:.
p.
proposal
group
proxies
Chairman
2:30
few
a
chair
and
"
li 'Y.—Y-YYYY
1
♦Attributable to termination of operations
fLoss,
at
brunt
all: the
::t$278,380
"f$135,431
:
..fc >**.'.
—
of
meeting,, held in the
nearly live hours and
However,
the
a
directors
that
not
was
Groesbeck,
tabulated,.;r";;
250,000
Dividends
*
quorum
the
In
Earn:.
a
meeting
more
Approp. for poss, future
Invent,
appoint¬
since
charge
company
defeated.
was
ground
The
stockholders.
a
board
the
on
the
Y-Yl.1
exp._
in
the
lasted
St.,
Rector
300
Okin,
present
held
C.
465,915
28,425
467,550
553,045
cost—
pat.
loss
the
announced
of
history.
reelected
were
Samuel
therefore,
deprec. of
inc." taxes.....
for
74,056
57,026
equip.—
Amortize of
♦Prov.
"
362,935
32,874,309
debt-
battled Oct. 14 with the management,
in one of the most acrimonious annual
company
in
$10,000
by
the
oust
;
period
12
Vice-President
director
a
'
Provision
13,898
6,958,171
public-
Elec. Pwr. & Lt.
Share Co.—Directors Reelected—Mi¬
one
recorded
directors
Led
,
the
headquarters
officers
■
of
with
attended
was
39,509
times
utility's
47,096
/
charges—YY 176,394
created
Oct.
on
as
been
following is taken from the New York "Times,"
at
meetings
possible losses
receivables
on
Collins,
has
1237.
Stockholders
«
—
Miscellaneous
Vice-President—
>
inter.,
income
5,674
6,793,168
approximately $1,525,000 and $3,837,000, respectively, additional to the amount required under the Revenue
nority Led by Okin Battles .Vainly for New Board and
$10,000 Salary Limit—
1 i
^
and
Total
President,
C.
Collins
Electric Bond &
"
.Y ^
$1,341,905
■
30,989,345
12 956,898
3,190,930
Net equity
of
1,355,592
$2,423,178
divs., disc., rents, etc.",
19,003,914
32,511,374
construct,
to
1325.
p.
$1,711,177
1.042.187
,
Y
Other
$2,384,092
■
1,131.061
exp.
Hedlund,
Whitney
Mr.
156, p.
oper--
Sell./gen, & admin,
T.
of
ment
policy.
'
Gross
22,371,369
—
to
divs.
JPortion
8.7
118,140
Corp.—New
Nut
9 422,657
6,944,273
6.9
in both periods.—V, 156,
Stop
5 681,963
5,077,045
—
long-term
Total
i cno
$14,416,329
—-
Elastic
6,586,455
5,360,524
deductions
months
Subs.)- -Annual Report—
(&
1,467,372
2,635,300 *17,638,817
6,787,494
(net)
♦Including
Davison Chemical Corp.
$
42 096,811
depl.
revenues—.
chgd.
The above figures do not include the system inputs of any companies
,
not
45,740,890
week
163,893
Light Corp.-_.__-.
National Power & Light Co.—
Y
'':i
$
138,356,731 120 151,588
13,507,826
Balance
Y
Operating Subsidiaries of—1942
Louis, Mo.—$1 Dividend—
the
3,356,733
appropriations
& Lt.
—Thousands of Kilowatt-Hours—*
••v';"'.
■
with
v.
.
'■
11,000
3,451,943
interest
tPfd.
Inc.—Weekly Input—
■
mon
1.804,850
*4,596,963
income
on
Net
Oct. 8, 1942, the System inputs of client oper¬
Ebasco; Services,. Inc., which are subsidiaries of
Light Co.,-Electric Power
Light Corp. and Na¬
as
of
Income
$
10,578,852
Balance
Light Co:,
were
cancellation
1942—12 Mos —1941
30,059,575
—
income
Other
$1,087,731
99.659
•
Curtis Mfg. Co., St.
*
Int.
ended
of
for
1941
$
interests
;
•
.
week
company;
33,528,391
T
taxes
oper.
Other
prov.
companies
tional'Power
$158,358 loss$134,994
-.
$1,282,426
losses,!;
American-Power &
1941'"
:
retire,
the
ating
all
latter
Electric
1942—3 Mos,
«
Crowley, Milner & Co.—Earnings—
6 Months Ended
.
the
by
11,526,617
reserve
156, p. 1047.
For
:
$128,927
———---
Ebasco Services,
:."YYY Y
■
$138,055
Y
before
inc.
for
-V.
corporation on Sept. 30,
the
etc.
of
Dallas
■
Copelaud Refrigeration Corp.—15-Cent Dividend—
on
to
deprec.,
dividends,
transac¬
preferred stock of Dallas;
revenues
x-etire..
Other
' Y——.
for
Avail,
7%
taxes
Int.
higher goals scheduled for the months to come, he said.
The produc¬
tion
goal for October has been stepped up* better than 18%.
The
subsidiary.
The
29,969
—L__—
corp.
Interest
,
Co.
687,811
■-
.
goals
the
Other
Gross
Gross
month, according to B. B. Williams, President. Y Y \ 'y
' • ■
Acceleration of production at Cooper-Bessemer is/indicated not only
by consistently meeting production goals in the past, but by the.
electric
an
Share
&
Comparative Statement of Consolidated
'
.
dissolution
donation
of
Period Ended Aug. 31—
Subsidiaries:
$2,046,882
91,123
186,667
——
also
The execution by Dallas of a supplemental indenture; and
(5) The acquisition by Electric of 1,816
additional shares
common
stock of Dallas.
the
secutive
and the
The
Prop,
—
Go.,
Dallas
Maintenance
revenues
operating
Operating
to
Operation
operating
Taxes
Texas
Electric Bond
by Electric of all of the securities of"
Northern Texas Co., a wholly-owned
non-utility subsidiary of Electric;
(2) The acquisition by Dallas of the physical properties of Northern
Net
surpassed
donation
Operating
Ry.—Earnings-
Ry.
other debt.
Northern
units of
are
on
Ry;
■
Despite
dissolve
involve:
(4)
holders of record Oct. 15.
26 to
Eastern Massachusetts Street
refund
to
and
companies
tions
May 1 and Aug. 1, last, and 2.2
cents on Feb. 2, 1942.
Payments during 1941 were as follows: Feb. 1,
2 cents, and May 1, Aug. 1 and Oct. 25, 1.5 cents each.—V.
155, p. 2182.
4Vt% first mortgage
1, 1967, proceeds of which were used
$115,000 first mortgage .6%% bonds/series A
and 6% bonds, series B, due May 1, 1943, and to retire
an.
bonds
1.3
of
with 1.5 cents each paid
compares
Consumers Public Service Co., Brookfield, Mo.—Sells
Privately—The
dividend
A
stock, par 25
144,400,000
Shares, Inc.—Smaller Dividend—
Dividend
t
ing
Bonds
exposed
The
shares
Oct. 14 announced that sendout of the electric
plants of its System for the week ended Oct. 11, 1942, amounting to
The
industrial
of
Inc.—Output—
Dallas
step
paint is intended for the protection of outside or interior surfaces
plants or other structures having an appreciable amount
metals—V. 156, p. 1047.
new
of
Raynolds Co., Inc.—New Product—
in the conservation of vital metals, E. S. Phillips,
announced that this company has developed and is now
"Bar-Rust Metal Protective Paint."
Production
of
this
President,
'
-
,
&
further
a
committee.*
Mr.
executive
V
J
As
-
late Conde
the
19.
the
1148.
p.
Devoe
President—^
succeed
1415
The
SEC
Filene's Sons Co.—Delisting Granted—
has
granted
to strike from listing
the
application of New York Stock Exchange
the common stock, no par value.—V. 156, p. 865.
THE COMMERCIAL & FINANCIAL CHRONICLE
1415
!
■
Monday,' October 19, 1942
,
Philadelphia-^-Extra Dividend—
Fir« Association of
.
-
ject
:
and transferred
delivered
Liabilities—--
upon conversion under-said .agreement
in response to the exercise of the con¬
and delivery
issuance
to
been
Accouhts
:
-
.
„
-
-
-payable
$8,863
$29,292
*
of 50 cents per
share,: in addition to the usual semi-annual dividend of $1 per share,
on
the capital stock,
par $10, both payable Nov.
16 to holders of
record Oct. 16.
An extra of 50 cents was also paid on Nov. 15/lastyear.—Vi< 155, p. 200S.
directors-
The
declared
Oct.-9
on
extra dividend
an
privilege provided for by said
solidation or merger.—V. 144, p. 4179.
version
1941
Gross
income
$2,609,840
______~
$2,447,113
1
Tax
letted
to its stockholders proposes acquisition ct
100% ownership of Home Fire & Marine Insurance Co. (Calif.), already
55% owned, and of Occidental Insurance Co, (Calif.), which is 32xk',o
owned. ''■■■ '
,
;
■
■.
in
a
tentative
plan
calls
surplus
2,057,333
35,373
surplus
Drl00,408
183.002
518,453
476,136
$1,775,629
$1,661,255
587,951
588,052
177,047
187,860
.
Total
revenue
___________—
_____
of
shares
par
$10
new
par
each old
share.
basis
for
stock
each
of
share
a
The
of Home Fire
share
each
p.
to
Pursuant
dated
order
an
Court,
Sept;
months'
available
be
installment
Net
first and
1, 1974,
..
Russell
his
capacity
division.—V.
156,
General
as
industrial
the
of
Manager
1941
"1942
Sales expenses
Total
admin,
/> Net
128,) 70
116,890
641,747
//• /
taxes..
9 Mos. Ended
-
on
Total
$331/709^
;:/
/.Net profit
Dividend paid
+343.550 :.
63,298
7%
of
1941
inc.
&
$119,888
$107,007
Consolidated
Sheet,
Balance
;
21,463
21,245
$111,614
$98,425
181,819
101,066
$85,762
84,951
income
of
above
as
gains
for
unrealized,
and
and
Net
Brewing,' Inc.)
for
Fed.
income
and excess
Costs,
Months
electricity
Miscellaneous
:
_•
._
$7,520
on
income and
law
effect
in
156,
2,498
34,370
J
Cash
*
value $1
;
,
'
f
'-
4T4J017,608
654,882.607
491,602,877 363,998:178
37,471,681-
dividends: „.____J.__:_-_ " 30,710,499
Rent and all other expenses
/.
(excl.
on
stock
:
.
'
Condensed Balance
.
Assets—Cash
(less
from
1941
$106,455
building
hand
on
and
held
and
equipment,
depreciation), $16,406,652;
(contra), $63,755; total, $16i,731,502.
Liabilities—Accrued
real
estate
taxes,
by
,
and
fee
(less
6,538
9,945'
—
112
for
reserve
$230;
$16,731,502.—V.
total,
and
due
debentures,
shares),
(22,979
capital
working
income
tive
155,
p.
1.
3,375
$87,347;
/.
: :
•
,/
A
notice
the holders of
to
Union
Gas
convertible first
Co.
will,r if
(closed)
for
.
r
"
p.
1334)
■Nov.
says:
in
Pursuant
of
to
the
and
15,
said
provisions
1930,
provision
of
Trust
will
be
that
.
(see
will occur
merger
-
certain
■
'J
■
on
■
542,'
P"
made
so
that
agent,
the
A
.
such
.
"
•
$38,181
^$5,951
of
stock,
common
no
696,508
Sheet/ June 3»,
bonds
(market
value $25,287),-$12,076;' prepaid
buildings, machinery and equipment
$1,398,095), $1,013,542; patents, at
$109,030;
depreciation
income
■
.5,
..
sales
new
of
payable and
and excess
J,
.v--'""j
,
district
exception
the
■/.
has
'
,
j)
.
(book value),-•
reserve*
charges, $148,427;
accrued
■
profits taxes,
est., $426,428;
common
J'i
..
is
it
the
for
National
established
been
of
division,
Seattle,
and
Donald
by
announced
Headquarters
E.
G.
will
be
and
Sales
for
the
W.
Brunner.
in
Los
division
Coast
Fairbairn
General
of
with,
areaj
named
Angeles—V.
•
.
Service
Pacific
District
Manager
156,
of
1150,
p.
Hecker Products Corp.—Files Answer to Patent Suit—
The
corporation
denying
Hecker
filed
8
an
as
Federal
court
"cream-enriched
at
farina"
the Cream of Wheat Corp.,
filed a counter claim asking that the
from
bringing suit, under patent No.
It asserted the patent is "invalid because
(inventor) was not,the original and first Inventor
also
enjoined
be
Billings
the
1938.
alleged improvements."
"
Wheat
of
in
answer
known
patent held by
a
corporation
firm
discoverer of
Cream
%
.
Corp. brought, suit July 27 asking an injunction
infringement"' and an "accounting for profits and
assessment of costs against the defendants."—V. 156,
"further
against
upon
issued Oct. 4,
J.
Howard
or
Oct.
on
its cereal product
an
2,131,881
damages and
.
an
1327.
Hilton-Davis Chemical
/
declared
have
the cojiimon stock, par
of
Distributions
like
last, and
10,
Aug,
of
10
cents
was
dividend
of
*
>
20 -cents- per-share
>
on
$1. payable Oct. 3i to holders of record Oct. 20/
amount
on
Co.—20-Cerit Dividend—
a
made
were
on-
Feb.
16,
April
30,and
Feb. 5, April 30. Aug. 11 and Oct/31. 1941.
An
also paid on Dec. 15, 1941.—V. 155/p. 1512./
1.940
"$17,445
38,181
5,951
915
of period__z_____
$16,987
$4,808
"$18,360
end of period—_____
$1,461
$4,808
"$18,360
;
(Charles E.) Hires Co;—Regular Dividend— /
15.525
directors
The
of
cents
30
share
share
per
made
amount
13
Oct.
on
fecord
of
was
like
of
at
/
Home
;
/
perlod____
$150,305
"252,174
on
Nov.,
on
was
declared
the
capital
14.
An
the
stock., par
extra
/-.
regular/ quarterly
$i; payable
distribution
ot
Dec.
30
%
dividend
1
cents
to
per-
Sept. 29, last, and the previous quarterly -payment
made on Sept. 1, 1942.—V. 156, p. 960.
.16,233
or
of period..____,__
as
holders, of
Bonds
of
Cash
the
■'
period./
-
->
"$101,868
$178,194
$185,693
"$100,408
$183,003
$167,333
The
Sheet,
Sept.
in
Accounts
$3,655,049
356,877
326,940.
—217,410
258,479
__________—
—
hanks-and" on hand______-..L_:_—, 1,519,513
receivable /
J.
2,708
Dividends-and
-
—
accrued
receivable.—-
interest
1,182,107
2,433
:
.
14,858
10,328
-
Office
equipment (less depreciation)/—
Total'
^
1,798
to
of
quarter
15,
on
1942
Oct.
15
accumulations
holders of
since
and
totaled
paid
75
Co.
(Calif.)—Control
above.—V.
138,
p.
2252,
2413,
dividend
of. 7ya
cents
per
share
6%
cumulative preferred; stock,
A like amount has been paid
April 15, 1941.
Arrearages as of
13.
including
cents
a
the
on
record Oct.
Houston Natural
$2,961,648
•<
Insurance Co.;
per
share.—V.
156,
p.
79.
1941
-
—
$5,
Oct.
30
1942
stocks
Marine Insurance
House of Westmore, Inc.—Accrued Dividend—
corporation
account
par
each
Balance
&
?28,294
.
deficit.
stocks
Preferred
Union
■
"Loss
Common
agreement
dated
at end
surplus at end of
Fire
Fireman's Fund
See
$213,987
$161,961,.
sales of securities-,.:
beginning of
profit on
"Investments:
any
•>
91,269
.
1941
Assets—
previously redeemed, will receive the same securities as they' woiild ha ve
the shares pf stock of Southern Union Gas Co/then sub•
for
the
•
$10,759
./
period
Comparative
received had
-
$254,974
'/_/// $1.34'
par,/''/ -/ :■;/.•/""■ : ,/.''/;v,
$0.96
Canada
company
5,865
91,119
1942
156,
time. up to the tenth day prior to the
bonds or at any time prior to maturity, if'not
at
-
114,000
,(B. F.) Goodrich-Co»—New Sales District—
.
/// /'/•:;/■■/' % ?"
Security profit surplus:
Earned
after
' /
or
•
conversion
conversion
of
Dominion
on
V.
of New Mexico and Southern
Co.,
J
$55,167
Sept. 30—
beginning of
at
Balance
cor-)
bonds converting the same pursuant to the provisions*
agreement
redemption
of
The Gas Co.
Northern
The
mentioned
above
that such
.
into between
Co.
March
is expected
it
and
Co.
' 450,000
shares.*
$22,387; land,
(The)
authorized
into Texas Southwestern Gas
Co.
1942.
3,
entered
Gas
Gas
;
$181,685
The directors
f
at end
Balance
Net
proceedings now pending and certain other acts will have been
accomplished, merge together with New Mexico Gas Co. and New
Eastern
.
___
Balance
porate
Mexico
17,000
22,000
income, and excess
dividend payable July 2, 1942, $28,500; capital stock (190,000 no par
shares); $1,300,000/ earned surplus, $888,139/ total, $2,791,494/—V. 15i-
under
_
Direct:-charges'
mortgage 6Vzfo-
1930,
28,000
stock
j"
properly
Prov.
cost, less amounts written off, $13,126; other-investments
$2,791,494.
-■■-■■/;. ./■' ■' /•
holders
:
$525,935;
J
the above company/dated March 15,
Southern
The
payable
$80,-
Gas Co. of New Mexico—Conversion of Bonds—
gold bonds of
taxes
Net; IosS
Balance
•
and,
indenture
9 Mos. Ended
Balance at
non-cumula^
deficit,
$5,394,146;
1,390
-:i.29i
■
33,000
•
35,920
34,894
4,754'
%V-'J
interest
:/■ ,Income surplus: /'•■< .-y:
(contra), $63,755;
$11,489,500;. capital
1966,
surplus,
1895,,
deposits,
$142,295; .rent
contingencies,
Jan;
capital
\V» *'
,
164; deferred credit, rentals and charges in suspense
agent,
interests
/
s&la.riesJ%,i-L
$126,953
options—
Net'loss'
receivable, in
accounts
:n', 1.639
•
Comparative Earned Surplus Statement
leasehold
60^295
1,639
.
1,410
common
reserve
extra
managing
.
on
expenses,
7,177
$92,736
lapsed
Sheet, June 30, 1942.
for
reserves
Suspense
deposit,
on
'$2"61,095;■ land,
<
$814,589
570,000
Dominion
The
8,257
income
debenture
$1
'
1941
1942
100,000
122,400
infringement
Minneapolis.
'
$77,828
stocks_i.T_____/__jLi_-___,_
dividends
bonds___;__
on
Debenture
572,322
■Net loss
.;j '
income
Buffalo
1942
Taxes
.291,035
depreciation)—-Z_____
/-/'
*
Minneapolis
Expenses '
138,291
'
:
Assets—Gash on hahd and in banks, $24,561; accoimts and notes
receivable, $425;279; inventories (less reserve); $533,453; investments/
$638,038; due from employees re Victory loan subscription/ secured by
$1:30
V-/
//
;v
.
;
$1.06'
28,845,927.36 shrs. issued
Comparative Income Account
dividends
Revenue
$1,001,647
_____/_—_r__„____
•'.
; -%
1350.
page
salaries
Manager;
82,000,000
Sept.
for
t
23,688
.etc.
15,
■
♦Earnings per share
?:"On 190,000 shares
p.
wages,
Oct.
inventory values
Liabilities—Accounts
1941
1942
$
profits taxes-^based30J_____w_-_X^
114,000,000
25,000,000
excess
at
1326.
p.
Interest
58,147
Real; estate-
Thursday,
Balance
General Public Service Corp.—Earnings—
,
Total
Salaries,;
1941 ~
$1,110,579
,
additional Federal taxes on Income ''
available
Profit
Taxable
;
>
Herald, Inc.—Registers With SEC—
fees
Dividend
7,638
is
$919,811
Income
,
profits
Net
-1,222
.
169,710,499 119,471,681
>
'
collected-—/--—.
1942
$1,340,490
y~[yy\:y
;;,4.
off
Executive
$3,881,516
sales___-___L______!____,_____ % 163,279,730 110,019(430
9,452,251
sources
i net)
6,430,769
Quarter Ended Sept. 30—
June 30/ 1942
Ended
building operations, rentals
from
Income
Six
—Jan. 1 to Sept. 30—"
250
other
Earns, per share on
;
fy. t
-1
v
3,047,810
—
$28,258
y../
par
income
Total
/jj
Earnings,
Income from
of stock,
charges
and other
from-
from
Income
Forty Wall Street Building, Inc.—Earnings—
V.
Written
Directors'
1.339.448.946 831.390$ 83
expenses
Income
•
/
,
shares
171,584
billed___/______i_^_-_---__'_--/__w
sales
Net
$241,514
profits taxes___,___J
■
-
;
company-owned
; : k
V
profit__i__u__u__/_/4/.______I_/J.^ $1,032,383
Depreciation
1,378
1,006
$77,590
/ $52,025
«$4,195,439-1$3,829.490
received
Orders
Brewing Co. of Michigan—Earnings—
514.
Fork
this
.
959.
p.
1941
$46,315
-%
.
for decline of
8,790
■
per share:
par value; stated
shares, $1,890,633.
accrued state taxes only.—V. 156, p. 1049.
!
for
156,
'
8,710
%
$ 1,640
—37,759
______
by
602,905
$21 total,
-
p.
1326.
"Chronicle,"
Provision
-
Sept. 30, .1942
1942
$42,325
.
revenues
p.
Net operating
j.-
—V.
before
.
Prov. for Dominion and
assets
Estimated
156,
„
Grand
See
\ "//■'
payable Oct. 10
Federal
—v.
%
$822,532
$4,273,029
i
'■
■
General Electric Co,—Earnings--^
V,:
"-z;■ '■i
9 Months Ended Sept. 30—
;
/.//L
:
added.—V.
announcement
Years Ended June 30—
fRepresented by 143,207 shares of stock without
i.e., amount capitalized with respect to said
;
capital surplus, $154,439; earned surplus, $388,428;
$1,664.485.—V. 156, p. 341.
",v
V'; ;--A'
Earns,
the
the correspond-;
6.48%; for
J
have' ln:i operation
now.
(B.) Greening Wire Co., Ltd.—Earnings—
20,542
liabilities
Total
1 par $51, $625,000;
10 Months Ended
Operating
1942,
payable/management fee and other exp.
for aecr'd Fed. cap. stock and State taxes
payable, $86,409;
accrued
expenses,
$55,204;
income,
excess
profits
and capital
stock taxes, $279,419;
estimated customers' deposits on containers,
$75,587; common stock
Earnings-for the
1941.
subsidiaries
—v.; 156,
1
——
liabilities—Accounts
Fox De Luxe
of
or
Week Fmded Sept. 30
1941
$1,191,728
3,048,49-2
pay.
fProvision
,
federal
-
30,
$201,689
J;''//:
period
telephones
34,477
securities
on
1942"
"Represented
Assets—Cash, $189,791; U. S. defense bonds and Treasury notes (at
$47,31p; accounts receivable (less cooperage' charges and reserve
doubtful
accounts,
$99,0751/ $28,787;
revenue. stamps,
$40,915;
Inventories (at cost), $284,439; cash surrender value of, life insurance
on - officer's
life,
$0,250;
mortgage note receivable,
$20,008; land,;
buildings, machinery, equipment, etc. iless reserve- for deprefiiation;
$379,8931,
$974,253; prepaid and
deferred charges,
$72,731; total,
/'"/"v../.'
gain of
a
Georgia & ..Florida' RIl.—Earnings—
80
Sept.
Assets
invest, purchased, not received
stock of Gen. Cap'l Corp. purch,
Net
>
total,
ing
/•■/./■ ':
Liabilities
'
Liabilities—, -!
•>
for
/J/-:;.. :
/
:V
,
with
pared
85,450
Sept.
months ended
9
the
realized
losses,
or
delivered
Prov.
■
1942
shares.
700,000
for
*! $64,980
",
$403,337
80,
value in 1941 and 669,886
par
Authorized
net
$85,369
112,237
banks,-demand deposits__-__—_______
rec.
for stock of Gen. Cap. Corp. sold
Accts.
cost),
$1,684,485.
gain
22,837
Accts. pay. for
52,284
"
$246,799
; ; $55,084
June
no
-
telephones for the month of September; 1942,- as compared with
of 5,185 telephones for the month of September, 1941.
The
the first 9 months of 1942 totals 23,400 or 4.04% as com¬
"gain
a
$108,207
24,224
Total, assets
>
.245,498
taxes___/*X
profits
exc.
1942.
value,, of, which
par
no
Junior
debentures.
5%
of
of
dividend
General Telephone Corp.—Gain in Phones—
$107,769
$135,838
taxes.
and
value,
Fed.
•
dividend
:
Factory management and selling
.
Profit bef.
$6
$5.50
shares
10,000
value in
par
shares
210
issued.
438
Investments
$300,582
-iilncluding lts_Wholjy-Owned Subsidiary, Fox De Luxe
15,
.
193&
/
1940
$107,007
receivable, cash
_________.
12,267
Dividends receivable, payable in stock___:. _-___//'//_;/____/
Sept. 80
Ended
Quarter
for
Earnings
:
/
.
The corporation-reports for its subsidiaries a gain of 2,067 companyowned
telephones,
325
in
not
"Including, wholly-owned subsidiary/ Fox De Luxe Brewery Co. of
Indiana, Inc.
(Includes $187,500 paid in stock of the Fox De Luxe
Brewing Co. of Michigan. ; fDeficit.
- .-'j,. v /.; ,VVi.>■ y.y,^.:
-,v
'
per
share on
preferred
stock,
<
$119,888
$135,513
$11,905.
Accts.
,
:
■/ >//
.
$108,259
$$11,841
v;/'/
$1.75
cumulative
1942 "
.
;
Dividend
'.Balance '
V
Dividends
53,901
$326,189"'
'217,930-
,
was
assets
applicable to capital stock, on the basis of
including investments at market value, at Sept. 30, 1941, were $1,669,-'
964 and at Sept. 30, 1942, were; $1,071,008.—V. 156, p. 253.
of
Quarterly Report—
bonds__„__
exclusive
Cash
$352,985
63,912
dividend
a
the-
on
Sept. 30
dividends
Accts.
270,794/
:
_
the
cost.
1942,
Sept.30,
$2,937,234,
for conversion
reserved
been
$0.10
Note—The
March
Assets,
and
inc.
profit
.excess
.
■
rate
the
at
made
was
not' received
Fed.
for
Prov.
at
shares
22,320
and
authorized
have
Shares of
2
Nov.
on
Assets—
%'q 19,271
$427,792,
declared
Net income
$333,714
■
have
Dividends
110,727
70,403
$520,943
'•
75,519
taxes
V'
1049.
accumulations
_•
124.351
'■; $678,022
:
Depreciation
' /
18,748 :
17,278
28,132
profit
of
Expenses
gear,
1939
.
$409,044
$503,666
J'649,890..
/.
net)
i
*
179.301
,
income
19,770 and
are
stock
Period—
$2,234,275
,1.490,118
299,721
$2,661,257
1,752,177
383,143
________
income
Net
2,433,414
583,387
expense,.
profit
oper.
Other
$3,648,637
2,944,343
sales
of
Cost
,
.
$4,415,281
Sales
Federal
General Capital Corp.-
of
1940
,
subsequent
and
1931,
value,
was
^Represented by 669,886 shares of
1,578,697;
Cable. Corp.—Accumulated Dividend—
Note—Net
,
for
Interest
Fox Brewing Co.—Earnings—
(Peter)
taxes
The
is
Years End. June 30
680,470
income
to holders of record Oct. 23.
A like amount: was3, May I and Aug. 1, last, and each quarter from
Nov'.
1, 1940 to and inch Nov." T, 1941. ./ The previous payment was
$7 per share on Dec. 17, 1937.—V. 156, p. 694.,
/.v
paid
1237.
p.
1941,
30,
respectively,
preferred
no,shares
"J-//; $0.10
directors
payable
He will also con¬
elected Vice-President.
been
Davis has
G.
in
$986,188
./
by
1941,
preferred
$2,816,177
1,301,016
Federal
and
$5.50
..
.
The
account
,
tinue
31,
-
preferred inpreferred^
of
no
par
value
(entitled to
$110
per
share upon
redemption or
voluntary liquidation, or $100 per share upon involuntary liquidation,'
plus
accrued dividends).
Total preferred
stock
authorized
47,610
shares in 1941 and 45,060 shares in 1942, of which 23,690 shares of
if.:.•// .//"//
''/ ■
.
stock outstanding/,,
1,578,697
share_—„ $0,50
Income,
bonds will
19, 1942.—;
Corp.—New Vice-Pres.—
Foote Bros. Gear & Machine
■ y\ ■;
Federal.
before
tRepresented
1942
■
common
per
Note—Provision
////;////'///:///'/•/"
1237..
p.
of
■/■:. General
.
.
Payment of this interest-installment on fully registered
be made by check sent to holders of record as of
Oct.
156,
J
$0,18
Sept. 26,'42 Sept, 27,'41
but
deprec.
50% ..in 1942.—V. 156, p.
,,
V;
')
.
■-
.
(estimated)_Jiiu__._________i.ur_
after
income
Shares
Division,-
Jacksonville
.
after
taxes
Earnings
interest
of
the
on
../,,,/;■
Ended—
income
income
Oct. 22, 1942, to pay the six
which became due and payable on
refunding mortgage. 5% Gold bonds,
Sept..
..."
i,/
x/•'
On and after Oct. 22,
1942, the. interest coupons payable Sept. 1,
1931, from such bonds should be presented and surrendered for pay¬
ment to J. P. Morgan & Co.,. Inc., paying-agent, 23 Wall St.-, New
York.
All coupons must be accompanied by properly executed Internal
Revenue Ownership Certificates,
Forms No. 1000 or No. 1001, except
when bonds are owned by a corporation, in which case the name and
Address of the holder of the bonds must be furnished.
■c'-.'
will
funds
Sept. 1. 1931,
series A, due
Sept.
Dec.
at. market
$5,441,938
'
amounts based on
the-U. S,
entered in
1942,
Florida,
30,
District of
on
and after
Southern
$0.26
162,
Weeks
39
Net
Payment—
Florida East' Coast Ry.—Interest
'
District
at
and
established
at average
tRepresents the dividends payable to stockholders of record Oct.
on which payment was postponed by the board of directors.
$485,851
$613,499
,
common
'General,Baking Co.—Earnings—
1
'
of
$1,983,628
No cash
stock.
Occidental
of
share
per
—V.. 156,
payments will be
made:
Scrip will be issued in lieu of fractional shares.
Shareholders
of H6mfc and Occidental will not be required to accept the exchange
offer
and any stockholder may
retain holdings.
Charles R. Page/
Preside-M,u said the plan depends on completion of legal details and
actioii off governmental authorities as well as stockholders of the
Fireman's
Fund Insurance
Co.
A special meeting
will' be held inabout, 30 days, Mr. Page said.-—V. 140, p. ,1829,
/ •
'■■k
for
shares
dividends
for
Balance
Earnings
stock¬
Fund
share of new $10 par Fireman's
holders are to receive 45/100 of a
50,840
investments
total
books
on
1937,
Fund
new $10 par Fireman's
stock.
Occidental Insurance
of
carried
are
values
42,652
___;—___________—___
$5,070,282
Investments
*■
written-down
300,000
41,209
—_—_____
discount
Bond
on
three-quarters
of
55,923
300,000
loss
Depreciation;
stock and exchanging the present $25 par
the basis of l'/a shares of new stock for
Home Fire & Marine shares will be exchanged on the
$10
new
for
value
Exchange
509,232
the? Fireman's Fund from 300,000 shares of $25 par value to
of
interest
Other
669.886
stocks
Capital
Earned
;
capital stock
authorized
changing the
for
66,988
stocks
62,514
,
The
2,369,000
2,084,143
.788-
due 1953t.__.-_.
247,208
interest
Bond
7,067
2,369,000
559,400
5%,
258,006
___——
provision
.'Net
?
,
29,612'
5,723
...
57,752
Operating expenses
Maintenance
company
33,769
29,612
credits
tPreferred
((Common
!
"33,769
_____
____
debentures
Conv,
1942
payable___:__:_'_accrued_______
accrued
Unadjusted
Gatmeau Power Co.- -Earnings—
(Calif.)—Proposed Ac¬
dividends
interest
Taxes
quisitions—
The
tPreferred
con¬
Deb,
Quarter End. June 30—
Fireman's Fund Insurance Co.
such
agreement prior-to
2,073
$5,070,282 " $5,441,933
;
Gas
Corp.—Registers With SEC—
See "Chronicle," Thursday, Oct. 15, page 1350.—V. 156, p. 960.
;
Humble Oil & Refining Co.—Lease Extended—
Z Existing, oil and
by
gas
lease
on
.
the
one
million-acre
ranch/ owned
the Estate of the late Mrs. Henrietta. M„ King, and hejd' by the'
company, has been extended an additional ten years to Sept
above
26;
1963.
The lease rental is fixed
which amounts
to $135,000.
at 13V2 cents per acre annually
("Wall Street Journal.")—'V. 156, p.- ti9oZ
..
■
<• •;
'
)•.!>•/■
; j
;■
f.
<
-rs
t
./.
.
1
;v
W.,lwi i
4 fill q/,
MHMnWWMMiiiii
.I(w«
(t^WW (Jm, (rWe*S V*r
l&Viu'M i
\
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■
156
THE COMMERCIAL & FINANCIAL CHRONICLE
-Number 4117
•
Kerlyn Oil
Illinois Terminal RR.—-Suit Filed to Block WPB Order
.
Total
problems during war time,',' Mr. Barrett contended that abandonment
of the electric railroad line "must be preceded by a Judicial deter¬
Other
out
a
Net
which
Urbana.—-V.
156,
the road
directed
L—J/,
income
and
Net
the
branch
1238.
p.
Other
the
continue
to
'
•
Champaign
Decatur,
.
i.
•
The
$1,194,493
$1,062,971
534,352
399,554
retire.
$660,141
$663,417
——
36,425
98,500
retirements
$696,566
14,823
retire.,'
and
reserve
-
and
reserves
—;__„■
deductions
.
Provision for reserves and retirements—^——
The
directors
of
Balance
^
surplus
surplus
beginning—I—
266,503
directors
(& Subs.)—Earnings—
!
^
Quarter Ended June 30—
'Production 'sales '—J———
$386,628
taxes../
85,26*7
86,078
30,750
1,696
:
Consolidated
Assets—Cash
and
banks
in
Sheet,
Balance
"/■ $76,759
1 z1'
1942
■
,
'<
:
i
'-»•,• ''.■•i-;. .T'
6
'
.
payable, $45,000! accounts payable, $131,714; divi-i
preferred and common stock declared but 7 un¬
claimed, $653;-dividends on $3'dividend cumulative preferred stock
due July 1, 1942, $35.100; accrued liabilities (including Federal income
taxes payable over the year 1942), $113,052; customers' deposits
(in¬
cluding interest refundable only on discontinuance of,service), $78,893;
customers' advances for construction, $883; serial 5-year ZVi 7o notes,
'Liabilities—Notes
dends
cumulative
on
accounts
payable,
trade,
$53,247;
1942, $21,347;
due
and
oil
gas,
yy-
1
,
capital
record
of
dividend
Dec.
28.
declared
dividend
a
the
$3.50
to
on
Nov,
of
holders
2
25
cents
cumulative
of
share
per
preferred
record
Oct.
on
stock,
"like
19,,^A
1
and
1942,
of
and
87'A
Aug.
Nov.
cents
directors have declared
the
to
usual
stock,
An
Feb.
compared, with 50
which regular
as
1941,
prior to
share
madej—V,
were
'/■;■■■■
extra
extra
an
dividend
both payable
distribution
of
35
cents
cents
15
share
per
28, last, and on Feb, 28 and Nov. 29,
share
on
record
also
was
1941.—V.
share
per
per,
Nov. 30 to holders
cents
•
:
35
of
quarterly dividend of
$10,
par
156,
'
.v.;:
Corp.—To Pay Extra Dividend—
common
12.
last,
1,
1,
per
made
155, p. 157.
Lit Brothers, Philadelphia—Accumulated Dividend—
directors have declared a dividend of $2 per share on account
accumulations on
the 6'/?
cumulative preferred stock, par $100,
payable Oct, 19 to holders of record Oct. 9. A similar distribution was
made
Jan.
July 21, last, as against $2.50 on March 30, 1942, and $2 on
Payments during 1941 were as follows: April 14, $2.50;
8, $3.~V. 156, p. 255.
.
•
on
16, 1942.
Oct.
and
Locke Steel Chain Co.—EarningsVy 1942.
Years Ended June 30—
*GrosS
sales
Cost, of
goods soUL—.
'
operating,profit-!
Net
Other
722,021
-167,171 ;v.
;
1939.
1940
,$1,235,927
,804,827
$824,583
,$909,542
,,
.532,963
495,078
..
112,135
.104,976
,,$264,444
$224,529
.121,947, ;
'
$464,159
;
J
income.
,1941
$1,436,157
,
Sell., gen, & adm. exps.
V
J
,
2,
The
payable,
notes
May
on
Feb.
of
accounts1 payable,
:y-,y;^:,:.V y:;:v;vyvy.;
;
paid
on
addition
on
and
$5), $1,231,425; class B common stock (par $ J), ,$41,0,000; surplus,
earned, $127,961; surplus, capital, $2,528; cost 'of 9,610- shares- of cl'ass
common
stock held in treasury, $31,280; total, $2,399,619.—Y. 155,
2008.
holders of
officers
from
material
A
p.
regular quarterly cash
to
•
The
$266,503
;
the
receivable,
$249,828;
have
payable
distributions
,
other,
$76,771;'divi¬
payable July 1,
accrued payrolls payable, $6,211;
accrued interest payable,
$8,886; accrued prior years income taxes
payable, est., $32,399; accrued current year's income taxes payable,
$1,632; accrued taxes payable, other, $20,327; due to affiliated com¬
panies,
$32,373; . other liabilities," $108,331;
contractual obligations,
contingent, $9,700; reserve for ,contingency,-provision for prior years'
State income taxes not assessed, $5,000; class A common stock
(par
- v.
,
$166,418;
contracts payable,
dends
deferred charges,. $156,880; cost of work in progress not allocated,
miscellaneous investments/ $1; lands, buildings and equipment
reserve
for depreciation of
$1,294,211),, $4,262,676;total,.? $5,'
bank,
Liabilities—Noles
$32,935;
(less
,
in
was
Lionel
and
supplies,.
$97,772; contracts in process, $3,232; cash surrender value, of, life
insurance,
$38,683;
deposits,: service and
insurance,
$2,095;
other
assets, $22,730; properties, plant and equipment (less reserves, $2,064,828), $1,820,382* deferred charges, $15,318; total, $2,399,619.
-
$73,683;
053,274,'.
13,548
1
$127,961
...
accounts receivable, other, $139,612;
employees, $984; crude oil on leases, $9,418;
accounts receivable (less reserve for doubtful accounts), $186,inventories,-$237,270; prepaid insurance", $6,309; prepaid interest,
$6;
earned
$82,974;
deposits,
special
hand,....$123,874;
on
<29,726
contingency—ri——
Oonsolidated Balance Sheet, June 30, 1942
..
Assets—Cash
2,502
$6,327;
247;
'
j
the
103.
P-
Nov.
20,998
$54,923
June 30,
for
reserve
■
in
:
7,645
deductions
/■'Net income before Federal income taxes—__
to
the
20,500
common———
4,740
29,438
notes,
on
Miscellaneous
B common...
Balance of surplus
2,703
17,024
Depreciation
A
35,755
5,035
Federal
class
class
declared
accumulations
each
quarterly
'
37,823
Insurance
and
on
on
Addition
22,139
and .selling, expenses
Administrative
Interest
$472,980
329,521
302,898
declared
Dividends declared
Dividends
1941
$478,622
Manufacturing and operating expenses
Maintenance and repairs.——.
State
'
1942
of
value,
par
amount
226,748
$273,705
earned,
no
cents
Indiana Gas & Chemical Corp.
in
Lincoln' Printing Co.—Accumulated Dividend-1-'
The
534,589
$159,880
$7,202
also
3/e, or $15,000, payable Dec, 31
account
income.to
increase
an
company from $400,000 to $500,000.
The directors subse¬
authorized the payment of a 257# stock dividend, to be paid
stockholders of record on Oct. 31.
67,449
674,540
authorized
7
"
,
,
Oct.
on
quently
$761,918
■
;
stockholders
stock of the
to
Illinois Com¬
service
lines-operating from
company
Bloomington,
of
way
behalf of
on
the
requisitioned
by
Danville
to
Peoria
had
WPB
the
ufier
against
filed
was
Commission,
1941
^
charges before
Gross income before reserves and
suit
The
merce
Liberty Life Insurance Co. of Greenville, S. C.—Stock
Dividend, Etc.
the Years Ended June 30
operating income—
gross
oper.
1417
Subs.)—Annual Report-
Operating income before
mination."
•'
(&
1942
War Production Board order to scrap 151 miles
of track and power lines in central Illinois.
"•
Declaring that the WPB requisition of the rail for use in military
establishments
and
war
plants would
cause '"grave
transportation
carrying
lrom
Co.
Earnings for
Attorney General George F. Barrett of Illinois announced Oct. 9
that he had'obtained a temporary injunction restraining the company
\"
,'w
.
Volume
9,3^
7,538
4,985
$401,287
9,958
,
;.
$391,959
,
$271,982
$229,514
:■
1
Total
mortgage \'/o sinking fund bonds dated April 1, 1941,
April 1, 1956, $695,000; reserve for maintenance, $37,680; cumula¬
$130,000; ' 1st
due
tive
stock
preferred
and '
par), $1,170,000; common stock ($0.50
$2,343,019;
earned
surplusj
$272,279;
surplus,
capital
155, p. 2007.
$5,053,274,—V.
Div.
Industrial Properties, Inc., Cleveland, O.—75-Cent
the
stock,
common
declared
have
directors
The
of 75 cents per share on
Oct. 19 to holders of record
dividend
a
payable
$10,
par
recent favorable developments in the diamond
drilling campaign of the Kildun Mining Corp. at its property in
Mexico,
Arthur
E.
Whitney, • President,-announced
in a letter to
stockholders that an agreement had been reached with the American
Smelting & Refining Co. to supply additional funds for the deepening
of shaft No, 2 and the exploration of the mine at greater depth.
■ '
Mr.
Whitney said that this work is to start at once and will
proceed as rapidly as possible.
y-y<"r''
■
y
•
Because of many
uncertainties, no accurate estimate can now be
made as to the length of
time required for this project, the letter
As
-V y-'.'/■:?.yT
■
result of
a
some
Income
146,
stated.—V.
stockholders
to
.
p.; 3958.
.
deductions
13,677
f 223,584
10.043
12,107
tax
128,412
45,752
for
v
Fed.
____
inc.
Net income
9,156
46.327
:
38,227
-—
'
■
$191,104
$260,767
$215,612
176,000
187,000
143,000
143,000
$1.74
2.37
$1.96
$1.65
$182,131
'
Divs,
on
shares
($5
of
par)
"Less
'
stock..
com.
Earns, per sh.
110,000
on
stock
com.,
.
returns,
discounts and freights,
profits taxes; excess
allowances,
declared
flncludes
amounting to
> :v,
.
$474,116
Res. for invent, losses..
Prov.
.
with 65 cents per share paid on Jan. 14, last.
Payments during 1941 were as follows; Jan. 21, 75 cents;" April 16,
40 cents; July, 14, 50 cents,
and Oct. 9, 35 cents.—V./155, p. 400.
This cqmpares
Oct.- 7,
Kildun Mining Corp.—To Extend Drilling Operations—
.
par),
total,
(no
income
values
$116,484.
7 [
'
;
-
taxes
profits
excess
• -
,
' •
■'
,
Note—Depreciation charged to cost and expenses amounted to $17,140
Facilities—
Industrial Rayon Corp.—To Convert
In
Navy Munitions
Army and
the
King-Secley Corp.—Earnings—
Production Board, originating,
to requests from the War
response,
with
Board, thai corporation has
1
ex¬
' v :
C:
Years Ended July. 31—
under
$6,108,365
5,017,744
$7,097,218
6,054,070
Cost of goods
income and excess
25%
about
represent
would
the
of
company's
total
of Representatives but not yet enacted
already
uses,"
producing capacity, a substantial proportion of which is
■engaged in the manufacture of special yarns for military
he said.—v., 156, p. 1050.
'
$1,090,621
367,048
$733,240
55,288
$723,572
$761,236
13,428
incl.
309,908
$788,528
Profit
Other
10,607
deprec.
:
—
income
'
!
$1,043,148
Gross profit y.y...
Selling, general and admin. exps.,
yarn
The
*
reported
company
stock.
a
Loss on
to
:>/■■''
:
■
paid
sale of fixed
"Provision
37,663
assets...,
Federal
for
Assets—Cash
for
Net
$274,006,
-
$420,201
117,362
profit
189,144
237,118
■
account of accumulations
declared dividends on
per
•;
■
y, ■ y
-■
■•■''■-.v..-7
5!
directors
common'stock,
the
Oct,
declared
have
par, $2.50,
This compares with 80
20.
cents 'on
Oct.
24,
of 40 cents
dividend
a
per
share
on
payable Oct. 24 to holders of record
cents paid on Oct. 21, last year, and
155,
1940.—V.
/
i"'
638.
p.
y^
■
.
y'.v;
$1.17
;i
'
j:/1
balances,
'
'
866.
p.
Liabilities—Accounts payable, trade, $290,431; accrued payrolls, taxes
accounts
miscellaneous
and
excess
payable,
for estimated
provision
$164,086;
profits taxes (less U. S. Treasury tax anti¬
stock
from
par), $237,449: capital surplus, $821,001; surplus arising
($1
appraisal of fixed assets, $155,186; earned surplus, $845,324; cost
3,704 shares of common stock purchased and held in treasury, $22,-
of
821; total, $3,042,011.—Y. 156, p. 255.
•
f
„
.
\-'.IV'
1 trade,' $14,796;
liabilities,
accrued
,.'V7.
V
Long Bell
•.
^declared
preferred
20.
and
one.,'of
■
,r-.'.
a
of
Laughlin Steel Corp.—Production Records—
&
Jones
corporation reported that crews of the No. 18 rolling mill at
its'Pittsburgh Works rolled 42,000 tons of war steel during September,
a
new
world's record for a month's output.The new record, the
Kobacker Stores, Inc.—Common Dividend of 25 Cents
said, exceeded,by 12'/a%
the previous record, 'established
by the Same mill during August.
V
The company also reported several new company records were set
in September, including the electric casting department at the Otis
Works,
Cleveland,
the open-hearth furnace No. 26 at the Otis
Works and the acid open-hearth department at'the Lakeside plant
company
■
of
otis.—v.
156,
p.
The
on
directors
the
record
p.
March
of
14,
June
s;: Boyd and D. D.
p. 1152: ■ ■'.•■■■';:;.y
"W.
.
—v.
Moffat
12,
payable
disbursed
each
were
Sept.
cents
12
Oct. 30
on', March
also
and
made
Dec.
to
holders
12, last;
the
on
12,
share
per
of
none
The
directors have
per
Dec., 10 to holders of record
share was lnade op July 1, last,
155,
1941.—V.
p.
1941.—V.
■
154,
the
to
declared
usual
an
At
August 31—
;■
the
3,
had
company
3,531 a year earlier.—V. 156, p.
in
operation
1152.
3,329
stores, as
Operating revenues'
$15,549,831 $l2,8iO,0l9
3,873,657
5,120,601
566,262
590,537
.
:
"
'3.7
1,435
1,429
1,174,926
.!n,191,020
'V. :■■■"/
•
.7:-;-.-'
Lamaque Gold Mines Ltd.—Earning :s—
4 Months
Kennedy's, Inc.—September Sales Off 7.1%—
—V.
p.' 1239."
156,
Period Ended Aug. 31—
1942—Month—1941
1942—8 Mo?.—1941,
$760,372
$818,286 $5,305,413
$5,203,514
:
%■:
;• y ":'
v. '..,1
\7
Period'End. Sept. 30—
Gross
1,147,001
1,054,185
*1,625,691
603,963
1942
and int.
Admin.
and gen
1941
*$29,805
$116,610
Loss
on
12,146 f
455
15,4
exps...)
/
Taxes -1
Sundry
1939
1940
t$45,438
31—
received-
Years Ended Aug.
17,981
(
.11,804
;
,
*$64,461
15,683
8,666
374
mine examin...
sale of secUrs.Ll
—
III!!!;1:
15,539
$17,659
$71,286
$30,999
30,000
30,000
90,000
$17
$12,341
$18,714
$$999
—
Dividends
•
Deficit
—
,
"Includes other income.
1
tDividends only.
Gross
in
U.
S.
General
Reserve
.
'Incpme^ii^i-i.
income
on
—
funded
$4,241,397
1,030,450
1,030,450
debt
of debt discount
:
and expense—-.
•
;
interest
rehabilitation expense.-^.,;.
Amort, of contractual capital expenditures
Interest charged to construction——
Amortization of plant acquisition adjustments—
Miscellaneous deductions
:
160,227
160/227 *
■
58,594
10,719
37,400
.
250,000
37,000
and
37,000
Crl80,904
103,945
Cr62,150
24,293
"20~oii
.4$3,116,820
-i-i..■
Net income
$2,789,086
-
"Provisions
for
Federal
income
and
excess
profits
taxes
by
the
the eight months"period ended August 31, 1942'gen¬
made in accordance with the Revenue Act of 1941.
the pending11942 .tax bill Is enacted in the form in which it was
companies for
5,801
$1,314,383
501,649
513,150
If
passed recently by the House of Representatives, the provisions re¬
quired by the companies for Federal income and excess profits taxes
the eight months ended August 31, 1942 would be increased by
for
—.—
months'
76,639
be reduced by
$443,714
consolidated net
and
income
for the eight
months' periods ended August 31,
$496,000 in each period.—V. 156, p. 1152.
1942
would
211,560
$530,388
taxes
$496,000
approximately
69,320
246,166
;
85,429
103,941
expense
for
$1,308,581
$1,467,572
income
$1,464,530
3,042
....—
Depreciation
banks,
Aug.
31, 1942
$37,994;
■
amounts
receivable
twelve
and
$3,340'owed to partly-owned
for taxes and other expenses, $833; un¬
shares),
1149. ^
:
$600,000;
:
Co.—Earnings— |
■
Months
after
Ended
Sept.
Prov.
30—
1942
1941
but before Fed. taxes......
Federal income taxes
$5,768,645
2,011,554
profit
—
Shares of. common
Earnings per
Note—In
End.
Quari
End. 9 Mos. End.
June 30,'42 Sept. 30/42 Sept. 30,'42
$801,166
$234,711 $1,035,877
est.
for
stock
common
($25 par)
share
$1,960,544
$2,587,885
726,284
726,244
$2.39
profits
excess
Net
Net
deducting all exps.—_
Federal income and
6 Mos.
503,000
105,000
608,000
$298,166
$129,711
$427,877
59,712
29,856
89,568
227,920
91,168
319,089
$10,533
$8,687
303,894
303,894
$19,220
303,894
$0.78
$0.33
$1.11
$4,599,439
3,808,101
chgs.
for
after
Earns,
Lehigh Portland Cement Co.—Earnings—
from
Liabilities—Accounts payable, including
MacAndrews & Forbes
Period—
Provision
wholly-owned subsidiaries, $751; investment in wholly-owned subsidiary,
investments in partly-owned subsidiaries, $449,017; prepaid
expenses, $233; total, $646,020.
$3,462; reserve
claimed dividends, $4,452; capital stock
(600,000
earned surplus, $37,273; total, $646,020.—V. 154, p.
profit
—V. 156, p. 432.
12
JSurplus.
$158,026;
subsidiary,
bullion..................
from
Development, mining, milling and explor. exps..
Profit
Balance Sheet,
Assets—Cash
other
Other
1941
$1,335,996
27,415
30,000
-
profit ——
paid—----
$4,387,825
Net'. operating
Total
117,803
$4,014,219
227,178
.
8,738
$29,983
;
Net
Net
returns
Miscellaneous income
Ltd.—Earnings-
> 106,358
$4,188,264
.199,561
J.
erally have been
Gross
Divs.
1942
27,892
•
________—
.
Kerr Lake Mines,
profits taxes..
.
3 Months
$1,492,422
.
value of bullion.^..;.—'
Tailing loss
•
State income taxes
,'
156,
Sales
excess
1,431,500
1,551,000
.
(other than income taxes)
Taxes
Federal income-' taxes.——'
Federal
Interest
against
^
(& Subs.)- —Earn.—
1942 "i".
7
1941
.4-
.
Operation.
Amort, of flood
Oct.
f
share
cents per
dividend of 25
extra
■■Maintenance
Amortization
1942—40 Weeks—1941 :
1942—4 Weeks—1941
!
.
quarterly
Louisville Gas & Electric Co. (Ky.)
Years Ended
,
$29,728,952 $24,385,564 $285,241,262 $225,806,379
V
1922.
.
dividend of like amount on the
common stock, both payable Nov.
1 to holders of record Oct. 26.
An
extra of 25 cents was also paid on Nov. l, last year.—V. 156, p. 1053,
addition
in
common
1493.
Period Ended Oct. 3—^
•
been named Vice-Presidents.
have
was
25
Kroger Grocery & Baking Co.—Sales Higher—
^
Vice-Presidents—
value,
par
cents
dividend of
a
-
Loose-Wiles Biscuit Co.—Extra Dividend—?
Gross
.696,^:yy;;.;v;:^;y/-y,y;^;yV;,"-Jv: Jy';y
Copper Corp.—New
no
25
Sales
Kennecott
declared
10
A like amount
20.
Payments
on
Oct.
stock,
common
Oct.
since.
stock
on
1
dividend of $1.0 per, share on account
payable
$2.50
on' Dec. 20,
$5
stock
156,
j
■-J-
■
Amortization of limited-term, investments
The
common
certificates of beneficial, interest,tot' '$5
stock,
distribution
A
'■
Appropriation for retirement reserve.
'
receivable
accounts
$267,716;
Lumber Co.-SlO Dividend.
The directors have,
cipation notes, at cost, $201,320), $251,355; long-term notes payable to
banks, $250,000; reserve for contingencies and possible additional Fed¬
eral income taxes under pending Revenue Act of 1942, $50,000; com¬
mon
'' V;/.. r;,
$3,364;
re¬
(less reserve f.or
$182,814; patents
deferred charges, $5,061; other assets,
$550,000; earned surplus, $348,375; total, $1,184,251.—V.
($5 par),
cumulative
!
:
fixed assets (less
$301,106;
$45,752),
payable,
b|, .accumulations oil ..the
Balance Sheet, July 31, 1942
,
Into law.
deposit,
on
$1,184,251.
"Liabilities—Accounts
$1.77
on
Federal income and
Corp.—To Pay 40-Cent Dividend—
Jonas & Naumburg
The
486,972
,
hand and in banks, $474,472; accounts;'receivable,;
$558,485; raw materials, $149,790; work' in process (incl. manufactured
and purchased-parts), $705,026; finished goods, $90,078; land, build¬
ings, machinery, and equipment
(less reserve for depreciation and
amortization), $430,699; deferred charges, $127,184; total, $3,042,011.
Sept., 1941
585,434
626,138
<)oal mined (no. of tons)—1
—V. 156, p. 1052,
"
_/r__
...
inventory losses,
Nov.
"
Sept., 1942 Aug., 1942
share.....-.--.
^'Assets—Cash
/;■::
Month of—
70
profits tax.
:
■:Kr;
y^y yyyy; y;.v -* yr
. tf.7-; 4%
Island Creek Coal Co.—Production— '
80.
p.
per,
....
and
depreciation, $343,967),
total,
$1,468;
"Including $285,000 in 1942 and $139,000 in 1941 for Federal excess
share on the 7>* cumulative preferred stock, series
A,v 81Vi cents, per share on the' 6Vz lio - cumulative preferred stock;
series B, and 75 cents per share oxi the 6% cumulative preferred stock,
series C, and all payable Oct: 20 to holders of record Sept. 30. Similar
distributions were made in each of the 29 preceding quarters.—V'. 156,
cents
Earnings''
233,745
stock ($1 par)
Shares of common
T
Divs.-^-
hand
on
amortization, $299,093), $3,867;
credit
a
Light & Power Co.—Accum.
directors have
The
cf 87 V-t
50.000
for
serves
325,000
450,000
V."
^—
Dividends paid
Iowa Electric
5,428
1,094
—
taxes.—„
income
contingencies—...
for
passed by the House
as
$451,852; marketable secur¬
ities, at cost, $31,712; U. S. Treasury tax saving notes, ' $100,000;
accounts receivable, trade (less reserves,; $12,743), $106,048; accrued
interest receivable, $322; inventories,, at lower of cost or market (less
.
'
Provision
.
share on Aug. 31, 1942, and $18.01
30, 1941.—V. 156, p. 343../!
with $16.26
This ^compares
share on Sept.
r
Interest
net asset value as of, Sept. 30, 1942, with
market prices, of $10-48 per share of
\
m
"r-?.
a
adjusted
securities ,owned
common
income
1942
Balance Sheet, June: 30, 1942
-r
reserve
Investment Co. of America—Asset Value—
v
Total
:
profits taxes for 19,42 are computed
provisions of the Revenue Bill of
of rayon
"This
'
1942, $16,009 in 1941, $15,129 in 1940 and $14,381 in 1939,
Note^-Federal
1941
1942
less discts., returns and allowances
sold, includ. depreciation
Gross sales,
pressed its readiness to convert present plant facilities to production
tire yarn at a rate of 10 million pounds per year, according
to Hayden B. Kline, Vice-President.
in
preferred stock.—'.
common stock
$3.25
Dividends
Commoif: shares
Committee.—V,
—V.
156, p.
255.
—
earnings
Dividends
provision for Federal income taxes for the
period ended Sept. 30, 1942, consideration was given to the probable
increase under
the pending tax as proposed by the Senate Finance
computing
taxes
for period——__r
outstanding (net)-.
common (per share)—,
156, p. 1053.
Surplus
Earned
on
,
:
.
THE COMMERCIAL & FINANCIAL CHRONICLE
1418
(& Subs.)—Earnings—
Lukens Steel Co.
48 Weeks Ended—
?
sales
Net
Gross
9,375,049
6,152,473
4,675,880
.
profit
taxes •& State inc. taxes-
inc. & exc. prof,
•Fed.
Consolidated
5,111,683
3,313,732
1,395,084
—
—.
-•
——
Total
earns,
(& Subs.)—Earnings—
Net
sales
*Aug. 1,'42
and
Federal income
Rents
paid less rents received--
1,369,775
1,577,246
509,881
—
,
•
income
(net)
:
——
314,935
123,077
$1,452,186
242,207
—
$307,995
616,875
$1,694,393
—,
38,000
profits tax on income.-^
Normal tax & surtax, on.deferred profits on in*
stallmen.ts sales of prior years, resulting from
165,972
400,000
1,375,000
•
$431 226
$800,850
828,171
828,171
828,171
$0.47
$0.82
stockL-
.
•
,
828,171
-
-
,
$1.57
rCa^bive5nr0r^,«d«SU«SX
p. 784.
Sept.30—
,
.142,000
394,000
—
Net
!.
1
Inc.--'-'——-
Deficit
202,550
167,683
828,033
1,655,304
$1,487,622
$0.12
$0.10
i————
——.—1————
—
——
Earnings per share of common stock———
'■
'
"Audited.
1
taxes have
income
Note—Federal
ended
Unfilled
Sept. 30—
provided for the six months
Aug. 1, 1942, at the rates specified in the tax bill passed by the
orders
namely, 47% for consolidated normal tax and surtax. No pro¬
vision has been considered necessary for excess profits tax.
The pro¬
v
Cj
$710,000
of
last
for
the report issued at
with $980,000
compares
year
shown
as
in
Gross earnings,
Assets—
S.
Notes
Government
and
obligations—
accounts
receivable--—,
Merchandise inventories
.Sundry
——.
debtors
7,076,146
:
——.—
stock of subsidiary in hands of public,
on
21,646,778
net
..
.
.
,
etc.
,Z
.
j
taxes
of
Fixed
(net)
assets
:
Consolidated Balance Sheet, March 81,
1942
■
Prepaid expenses and deferred eharges-«-^=i,r^
Goodwill
Total
■
——
:
2,694,891
5,068,621
M.
—;
i—~
1,991,536
39,776,768
l
■
,————$97,093,360 $87,748,279
—
liabilities—
:
Notes
payable,, commercial paperpayable
Accounts
——$2,500,000
3,542,010,
-
—
liabilities
Accrued
—
$5,335,552
—
•—
——
2,296,889
3,744,410
2,870,000
Federal income taxes
—2,753,008
Miscellaneous-credit balances—
657,850
Portion of long-term debt due within one year824,500
-
jLong-term
debt—-
Minority interests in subsidiary company—-i.Common capital stock (1,656.067 no Par shs.)
41.401,675
—
Earned
surplus.
u
—
—
surplus
Capital
——
.126,829
,8,387,'624
-U*--
■
9,577,341
(less
■
have beep either modernized and. enlarged, or new plants
.
^
;
„
Z
,
depreciation,
$14,183,455. -
total,
*1ZaaaA
r
^
Total
1942
30,420,329
the
with
154
1939
.26,266,572
25,196,811
25,832,148
12.0692c.
112729c.
10257c.
7.9864C.
7.562c.
$709,290
7366,548
45,510
$782,327
7189,962
$618,001
—
7.9779c.
$1,074,641
$1,441,189
$$754,808
normal
income
tax
,
243,800
,,
-----—4—
—v.
per
were
60,000
$454,451
share—
but
expenses,
social
does
capital stock tax
or
«
Minneapolis-HoneywcU
tion
$1.11
$1,117,389
$2,74
$754,808
$1.85
6,349,565
Regulator
7/v,/'
.
:
Z
"
;
of two shares of Houston for each share of preferred.
0ffer ^as
been in effect since last March.
As of Oct. 12 376%
preferred has been exchanged, If any further extension of the offer
made to BEC before Nov. 23.—V. 156,
is desired application must be
p. 1331.
-..r
Co.—Opens
,
„
a
National subsidiary.
Under the plan holders of preferred
exchange 90% of their shares for Houston common on the basis
may
I'tol rln
7,228,040
_
^
••
;
power,
1//TT"'-.
6,863,341
>
sanctioned an extension to Dec. 15 of the offer of
of Houston lighting Si
The SEC has
New
other
and
developed
National Rubber Machinery Co.—25-Ccnt Dividend—
and
producing copper is after deducting gold, silver
includes all operating costs, Arizona
taxes, -depreciation and administrative
not include any allowance for mine .depletion,,
excess
being
1241.
are
156,
'
profits taxes,
tlncludes
in 1941 and $122,731 in 1939 profit on sale of securities.
fAfter deducting estimated capital stock tax and Federal income tax,
and in 1940 after deducting excess profits tax,
§On 408,000 shares
The directors have declared
it is reported., The devices
custom-made in the company's other
requirements,
p.
common
stock,
jng
1941
were
9 Mos. End. sept. 30—
rfiv
Interest
on
fi isi
14 179
bonds
6 495
'
1939
$229,731
to holders of
Oct. 19. A like
Payments durand Dec. 1, 75 cents.
record
15,
Aug.
25
cents,
.
.
National Steel Car Corp., Ltd.—New Director—
;
"¥807
1,232
$239,554
$241,287
32,728
22,173
19,660
^
„
,
1
director of the above corporation.-V. 156, p. 1331.
'1,749
$238,863
'...,J.
„
Louis D. Lang, President and General Manager of Lang Tanning
Co. and a director of the Bank of Montreal, has been elected a
1 492
1160
a
—f
__ZZ:
income
Other
4 069
spp
1940
$235,671
1941
$226,217
$189,864
in
dividend of 23 cents per share on the
Corp.—Earnings—
1942
dividends
T»*ihip
follows;
as
—V. 156. p. 1153.
Gash
a
payable Oct. 31
amount was disbursed on March 14 and June 22, last.
.
Share
National Bond &
$2.38
security
Federal income and
wartime
$972,288
zinc concentrate values and
taxes, .Federal
7,000,516
/.,/
National to exchange its preferred for common
of
..
♦The average cost of
and
799,976
$946,337
916,267
^2'ctn
21,447,650
156, p. 1054.
factories.—V.
income
25,630,585
./.
.
National Power & Light Co.—Houston Exchange Extended—
The company has opened a. new plant in Chicago, ill.; which will
be devoted to mass production «f electronic devices for military avia-
Est. Fed. exc. prof. tax_
Net
897^187
—TZTT/T
$880,962
855,583
.^
_
Plant—
&
-
^Earnings
.
income
oper.
being paid on common at rate of $2 per share annually.—V. 153,
■843/;-/
ion
Zc
1.450,03;'' J.030,ow
Mav£h _l_&nd SepL 1,. since.March,-T929^ .:Tha45 preferred .was issued
later in, payment for properties acquired, and regular semi-annual
dividends have been paid on that stock since issuance. Dividends
,
are
,
1,249.417
7,056,327
^
*.W,m 2,000,000 1,000,000
^rDividends cn the$7 preferred-stockTiave been paid semi-annually,
1942-8 Mos.~i94i
$4,630,766 $39,780,912 $35,389,613
2,866,404
989,095
5,923,626
26
^42,^mated)
$$972,288
Est. cap. stk. tax & Fed.
surtax
,
mi-.26,
.
i942-Month-i94i
taxes-i^-^-.
\
Net
Net income
9.3141c.
$771,690
1(153,590
163,550
income
Operating
.
11.8509c.
.
.
'
«
,18,123
..
tvoting trust agreement expires Sept. 1, 1948.
,
v
.f./Z:'..
Michigan Bell Telephone Co.—Earnings—
Gperatmg pxpenses^u.--;
1940
21,695 shs,
shs.
3,609
.
No. of
Operating
Net
Plants
Total Sales
Profits After Taxes
12 .
. $1,850,701
$297,672
$222,241
1931—
'.19
2,164,144 .
283,152
212,466
—:' 20
1,946,450
230,424
169,714
^''21.
2.909,359
361,788
237,822
I937_„T.^—25'<:r:/. 4,250,214767.615
; 602,071
...T939—
25
5.344,982
1,201,860
■
942,988
.
$5,103,378
..
"1029__^™__^
15
695
q
'
....
Earnings, etc., for Fiscal Years Ended Aug. ai;
jujy l5r"llst7^Paymehts 'during 1941 were as follows; Jan; 15,
15 cents; April 15, 10 cents; July 15, 15 cents; and Oct. 15, 20 cents.
"
,
;
on Oct. 15 paid a dividend of 50 cents per share
stock; par $1, -to holders of record Oct. 7.
This
cents per share Paid flaJan,.. 15_April-45 -and_
common
compares
revenues^
IJncollectible oper. rey.^
,
.
.
v,;:_ ■
The corporation
on
Operating
1941
-
Authorized Outstanding
1940
Period Ended Aug. si-,
Sept. 30—
Copper produced, lbs.—
Aver,
net selling price
per pound
•Aver,
net
production
cost per lb
Inc. from mining oper.
Other inc. (incl. RR.)-
,,
event of .liquidation.'
i.i
Michigan Bakeries, Inc,—50-Cent Dividend—
—;v
Magma Copper Co.—Earnings-
•
v
•-^Redeemable at llOS per share and entitled ^ UOO per share.Jn the.
i.
.;Z
9 Mos. End:
v-V
•••;
f Common stock (no par) voting trust eertifs.. 200,000 shs, 154,671 shs.
v,T_
$76,255),
payable to banks. $4,550,000; accounts payable
and accrued expenses, $119,787; Federal taxes on income of the year
ended March 31,
1942, estimated, $503,000; provision for dividends
on cumulative preference stock of subsidiary, Domestic Finance Corp.
(Del.), $56,724; long-term notes payable, $2,067,500; capital stocks of
subsidiary in hands of public, $4,022,404; $2 cumulative participating
preferred ctock (30,092 no par shares), $30,092; class A common stock
($1 par), $328,575; class B common stock ($1 par), $3,200;-capital
surplus, $1,474,769; earned surplus, since April 1, 1935, $1,027,404;
total, $14,183,455.—V. 156, p. 1330.
V
v
$97,093,360 $87,748,279
V?^567V " 783?
"
,.
."*}J cumulative preferred stock (no par)™._ 21,695 shs.
cumulative preferred stock (no par).
"$5
8,305 shs.
■
■
Company has approximately 3,500 employees.
*
Capitalization—
,
-
-
•
for
reserves
deferred charges, $178,415;
i.-,:;.
liabilities—Notes
,
41,4Q1,675_
9,013,108
9,577,341
equipment
$242,541;
$183,547;
■.
^ machinery and equipment. During thisexpended,all qf
Past three years the company has
ovqr
for
period
have.heen bujlt.
,
A®set^~{-!ask $2,545,753; small loans receivable, $11,033,200; other
assets,
49,500
1,109,565
12,875,000
816,914
—
22,922,125
1,107,713
122,622
-
Reserves
,
$28,184
—
Div. pay. on com. stk, of R, H. Macy &Co., Inc.
'
$35 ' 000
1,077,199
1,779,245
38,951,725
—
$1,000,000
^
$399,693
■
,
.
Other assets
.
__„_Z—.—,
profit-...-
♦Includes adjustment of prior year's provision and also excess profits
12,041,943
33,520,155
—'
829,619
out to its customers. Company has equipment and personnel for the
manufacture of all of the cases, linens and garments which^ are used,
and even has facilities for the manufacture of the bodies of itsi trucks
$1 445 396
457,126
380,469
3,124,528
hand and in transit
on
U
^
^
^
Company owns all of its own linens, uniforms, etc., and rents them
;,y
profit
Consolidated
Including
m this country.
D^OSJOS
Dividends
through subsidiaries have extended its
eubsidiaries it is. considered to be the largest company of its kind
\
2,182,198
.i—■
o^hVr'TeTucTionsZIIIIIIIZIZZZ
$6,020,904
$5,501,530
6,740,048
,
expanded operations, presently conducting 26 complete service plants
$3,627,595
«
♦Provision for Federal taxes on income, estimated__„„___
Aug. 1,'42 Jan. 31, *42
hand—V
-
„
scope of operations into the States of Texas and California.
from interest,
and
:
Mobile Savannah and AVinston Salem. ,Since that time it has greatly
(&
(Del.)
.
Operating
Comparative Consolidated Balance Sheet
U.
Corp.—Secondary Offering-r-
■
Company was organized in September, 1928, by merger ot a number
^of linen service companies with plants located in the cities of Atlanta,
New Orleans, Birmingham, Charlotte, Chattanooga, Jacksonville, Miami,
^
that time; the reduction results from the difference
demand deposit and pn
.
Service
..throughout the Southeast, and
Cost of financial services
Other income
on
-
National Linen
at ^>y9 per snare.
:
Anpuai xvepori
Earnings, Year Ended March 81, 1942
between estimated and actual average rates.
Cash
of materials
declared.
Baker
a block of 2,791 shares of $7 preferred stock (no par;)
preferred Stock was priced
at
as
A_ni..i
&UDS.)
.House,
vision
Mr.
Co., New York, 011 Oct. 14 offered a block of
19,148 shares of common stock voting trust certificates
(no par) at $27 per share. The bankers announce that
i
'
1942—9 Mos.—1941
1942—Month—1941
Merchants & Manufacturers Securities Co.
been
war,"
•
Sept. 3, 1942, amounted to $9,693,000, as
against $6,315,000 a year-earlier.
1
The company states that the cargo plane program is not included in
these figures.—V. 156, p. U53.
/•
^
' '
•
,
at the lime plant at Bellefonte, Pa.—V.,, 156, p. 434.
:
BSim?sgS$ 1953ooo $16736ooo $113 609 000
H.
$625,484
Macy & Co.,
'.Dividends,
ordinary peacetime building have
on
The new. $2,000,000 improvement project has just been completed
t
-
;
1942-^Month—-1941
1942—9 Mos.—1941
$4,884,783
$4,559,724 $37,485,038 $32,695,652
Mengel Co.—Bookings, Etc.—
Period End.
47,188
31,843
profit applicable to com. stock of R.
$319,130
of
capital
stock, par $10,
$192,862.—V. 156, p. 697.
Maiden Electric
Jllncludes
loss
on
sales
of
securities
of
Total income
Co.—Pays $1,05 Dividend—
$209,112
——_
pJovnfoSr rnSi^d;
Stat/L
State & other taxes
taxes-
dividend of $1.05 per share on the
stock, par $25, to holders of record Oct, 8, This compares
paid nn July 14, last, $1 on April 14, 1942, and $1.15 on
Jan. 14, .1942. Payments during 1941 were as follows; Jan.
14, $125;
April 12, $1.10; July 12, $V and Oct. 14, $1.15.—V. 155, p. 1514.
RurniiiR
Shs. cap.
stk.
Earnings per
Notes— (1)
Net
oper.
taxes
earns,
—
Note—These
after
—
$751,489
$949,052
$2,179,652
$0.13
$0.16
$0.37
earnings are
adjusted to minority interest
to the New York Stock Exchange.—V, 156,
p. 164.
15 671
15,671
162'000
162>000
$205,956
162,000
t-io *•><?
Woia
t4t q56
an
360,000
360,000
360^000
96''^0'?00 cu"
$0.53
$0.55
$0.57
(no par)-
360,000
share——
$0.49
sales
of
securities
costs) carried to profit and loss
$2,734,917
Light Associates
Dividend
Furniture
:
at
owned,
and
and
interest
24,505
:
v
.
ment of the current disbursement of 15 cents a share, added to divi¬
dends heretofore declared and paid this year, results in total dividends
fat in 1942 of $1.15 a share.
He
pointed out that the amount cf futhre dividends will be particu¬
larly dependent upon dividends paid by subsidiary companies which,
under present conditions, it is impossible to forecast,
"It should not be construed, however," Mr. Herrmann added, "that
quarterly dividends will be limited to 15 cents a share, as recent
developments to curb inflationary trends should prevent further major
of subsidiary companies."
$8,244,612
Dividends
payable Oct.
♦Capital stock
Capital surplus
Surplus income
Profit and loss
$54,000
67,171
34,200
4,500,000
5,025,291
602,843
4,500,000
5,025,291
777,794
—
on
securities sold, etc
—
Dr2,894,669 Dr2,171,722
—
Total
-
$7,548,588
:
♦Represented by 360,000
no par
week
week
cu.
ft.,
cu'. ft,
production of
is reported at 107,602,000
or
11.17%
above
TelenhftiiP
Tolperanh r.n
/
FarninfrR
operating income
$1,292,860
$1,237,948 $10,218,154
909,427
826,207
7,164,287
.
$9,671,671
6,302,018
.
„
_T
New Yerk Air Brake Co.—Earnings—
9 Mos. End. Sept. 30—
•
Net income
—
Fed. inc. & excess profits taxes
1942
$3,783,576
3,117,700
1941
$2,636,424
1,695,000
$54,000
19,000
taxes
corresponding
.
Reserve for est.
Pay. for securities purchased but not received—.
the
in the corresponding week a year ago.—V. 156,
1331.
—V, 15b, p.
liabilities—
Reserve for
the Oct, 9
10,812,000
YolV
-
_
—
,
so
i
fixtures^.-
output for
increase of
* Net
i
accrued
for
Period Ended Aug. 31—
1942—Month—1941
1942—8 Mos.—1941
Operating revenues___„- $7,828,850
$7,304,158 $60,845,172 $57,077,024
Uncollectible oper. rev._
11,152
14,030
83,758
110^51
Operating expenses
,
5,352,396
4,871,272 41,762,397 38,385,703
Operating taxes—
1,172,442
1,180,908
8,780,863
8,909,299
$6,976,352
1,245,495
.22,764
$7,548,588
receiv.
kwh.
Ivew Ln8iana leiepnone On leiegrapn L/O.—learnings—
,
.
$7,226,898
297,184
i
—
:
Total
cost
banks
in
Dividends
—
/Balance Sheet, Sept. 30
AwatR—
Securities
n(9i8>972
fThe decrease in electric output due to Standard Time
NTpw Ttiolandi
Aggregate unrealized depreciation in value of securities owned
compared with cost; Depreciation, Dec. 31, 1941, $908,644; depreelation, Sept. 30, 1942, $536,373; appreciation during the 9 months
ended Sept. 30, 1942, $372,271.
reported
Outlook—Earnings—
in many of the operating costs
p.
(computed on
securities sold,
of
productlon
"gus
(2)
$0.47
as
President Carl S. Herrmann on Oct. 15, in a pamphlet accompany¬
ing checks for dividends on the $2 preferred stock, states that pay¬
increases
on
belQ^
f
as
Cash
Massachusetts Power &
19 546
19,546
$197,836
$563,472.
(And its Constituent Banks, Trust Companies and Other
Affiliates)
1942—3 Mos.—1041
1942—9 Mos.—1941
Period Ended Sept. 30—
Earnings per share—
5 700
5,700
$200,435
Realized net loss from
the basis of average
Corp.—Earnings—
il 092
11,092
162,000
The company on Oct. ,14 paid a
common
England Gas & Electric Association—Output—
$176,802
—
declared——
Dividends
with 65 cents
:
New
Por the weefc ended Oct. 9, this Association reports electric output
of H,625,170 kwh.
This is a decrease of 293,802 kwh„ or 2.46%
.
*-14. ano
Net income
'
Marine Midland
■
.
Allen &
proposed current increases in ratesof minority stockhldrs, in profits .and
subs.
;!
at Luckey, O., and our, metal lath plant at Niles, p., we have been
—v. 156, p. 1054.
Interest
of
' ;
,
...
Co.—Expansion, Etc.—
able to convert entire factories to the exclusive production
Corp.—September Sales Up 7%—
sales
share was also made on Oct.
research department has developed new building products of
gypsum: that are saving thousands of tons of steel .and millions of
poard feet of lumber.
Besides this, as in the case of our lime plant
°
profits tax rate of 90 a .—V. 156,
Period Ended
cents per
'.j; "Our
—•••..
-
_
.
losses
National Gypsum
..
for
Retail
13
.curtailed its norpiel market,, more than ..three-quarters of this cornregular output., is going into war plants, worker housing,
.cantonment buildings and munition depots, Melvin H. Baker, Presir®P°rted.
•
;
$1428 571.
■
stock
Melville Shoe
of
30, last year.—V. 154, p. 659.
-
While government restrictions
$244,757
and an excess
extra distribution
An
1,,
share
on
,—$0.25
per
payable Oct. 30 to holders of record
stock, par $1,
<^ct' 20. This is }n addition to the usual quarterly dividend of two
^cents per share previously declared and payable on ,the same date.
.
^Note—Pending^ final action on the Federal Revenue Bill_ befoie Congress.at the date of preparation of report, provision for Federal, taxes
530,000
Excess
49,151
,
the common
.on
transferred
surplus
common
$924,870
1,066,000
Net profit before prov. for Federal inc. taxes.
Normal tax and surtax on income
54,817
450,000
$2,408,700
130,129
850,000
'
.
taxes.__
of. com.
Earns,
Interest and debt discount and expense-———
Other
to
1,431,242
29,157
$2,341,822
11,375
Fed.
inc
Net
Shares
.1,605,217
—,
34,332
$880,377
The directors have declared an extra dividend of 13 cents per share
1,343,056
'
$749,575
"
1330.
p.
deild—
$2 379,543
'
,
—..Z
income
for
prov.
713,612
656,089
taxes——
1.375,437
$2,307,490
Income charges
$4,601,587
$6,171,457
711,788
453,125
$868,795
11,583
'
.
—
Maintenance and repairs—.
-——
Depreciation —i
:
:
Taxes, other than applic. to cost of goods sold
-460,091
credits
Total
156,
National Electric Welding Machine Co.—Extra Divi-
1942—9 Mos.—1941
$3,682,926 , $3,722,599
$738,200
opers..
.
departments)— $67,523,907 $62,947,024
Cost of goods sold and expenses
61,352,449
58,345,437
Moore.—V.
,
Aug. 2,'41
those of leased
(incl.
Hearing on the petition of the company for authority to pay off
.certain obligations to the RFQ and to New York City banks has, been
reset for Oct. 30 because of illness of Federal Judge George H.
(Inc.)—Earnings—
,1942—3 Mos.—1941
$1,198,291
$1,321,920
sept. 30—
fr, opers..
fr.
earns,
Income
(R. iH.) Macy & Oo., Inc.
26 Weeks Ended—
.
Works
Prtion^and°Vepletion-1
V
Net
Missouri Pacific RR.—Hearing Postponed—
,
*
Alkali
Mathieson
.
per
1941
$1,441,100
.
exceeding the increase in gross earnings.—V, 156, p. 1330.
period End.
$1,476,593 $1,918,648
share———:
$4.64
$6.03
"After all deductions including $1,048,940 for Contingencies in 1942.
tOn 317,976 common shares.—V. 156, p. 1152.
income
Net
tEarnings
1942,
$1,018,067
income——
net
Note—This decrease is the result of higher operating costs and taxes
$41,880,417 $27,761,999
—
-
profit
"Net
End. Aug. 31—
8 Mos,
Sept, 12,'42 Sept. 13,'41
i"'
,
Monday, October 19, 1942
shares,—'V/ 156, p.. 25(jf
$8,244,612
Net income after taxes
665,876
941,424
per share on 259,120 shares common
stock (no par)
$2.57
$3.63
Note—The pro-vision for Federal income and excess profits taxes for
the nine months ended Sept. 30, 1942, is based upon the existing
Revenue Act, plus a reserve of ,$480,000 to apply against probable
Earns,
.
.
increased rates;
since the amounts of such taxes depend upon earnings
for the full year,
p.
516.
they can only be estimated at this time.—V. 156,
Volume
dumber
156
New York Ambassador,
■Net
loss
—V.
1941
.
$92,311
$93,156
■-
Niagara Falls Power Co.—Appeals FPC Order—
company
Oct.
on
14
between
.expenses
■
principles
petitioned
the U. S. Circuit Cqurt of
Appeals for review of the Federal Power Commission order of June 9
'which purports to fix ''actual legitimate original coat" of company's
hydro-electric-generating properties as Of March 2, 1921, at'$24,680,680.
;The order also directs the company to remove from its fixed capital
•amounts for the hydro-electric project of not less than $44,453,868
its of the 1921 date and to charge against its earned surplus account
amounts totaling $15,537,943.. No date for argument was set.—rV. 156,
p. 1242.
The
mon
-modified
made
will
unless
aggrieved by
Colony lines
which
whether
the
be
proposed
and claim
the
of
that
to
the
Jiine:
Period Ended
.Gros.4 opcr.
"revenhes..^
Other income
Gross
30—
of
Costs
Maintenance
2,942,198
i___
330,843
.
Depreciation
:
$6,082,648 $12,552,874 $11,977,788
2,551,422
5,792,143
4,998,059
368,062
712,797
777,369
504,898
967,381
955,391
$6,318,308
-
——
,
1942—12 Mos.—1941
,
taxes
1,541,373
1,402,944
2,955,094
balance——
$998,248
$1,255,323
$2,125,458
Interest on4 funded debt
227,500
227,500
455,000
count and expenses—
24,398
24,398
6,270
48,797
; 6,743
13,531
48,797
12,204
111,326
166,278
243,947
its
$2,529,389
• 455,000
Other interest expense.
lease will
319,178
.
.Minority int. in net -in-.
bal,
divs..
bef,
$830,877
$628,281
,342,117
dividends....
Consol. bal. for com.
divs. and-surplus..
" Note-—Provision
,
'been made
for
$1,694,210
$1,364,183
684,234
342,117
will
be
-
Federal
for
apply
the
,
income
40%
a
.$34,000 in view of- the present
will
included
calendar
the Revenue
in
'on the
of
,
$488,760
taxes
for
rate plus an
the
1942
periods has
additional amount of
uncertainties as to the tax rates which
Act
1941
of
(approx, 31%)
and provision
of Boston & Providence and Old
Colony Roads—
^
ICC on
tions
of
the
Hartford
:
RR.
nectlcut
•
Oct.
14
issued
claims
and
Western
RR.
and
Providence,
Warren
Bristol
&
•
,
elect
{
.
A
■
of the third supplemental report of the
summary
"
ICC follows:
The
v.-■
effective
date
of
the
the
reorganization as of which the claims of
creditors shall be discharged, shall be a date fixed by the reorgani¬
zation committee in the light of the time when the reorganization
securities will be available for delivery, provided, however, that such
•
Holders of
85%
the
*
in .'fixed
In
interest
bonds
•
15%
and
■■'/-•:'%% V/-'-.
with
accordance
lieu
of
$50,800
$101,600
setoff
a
<
The
in
the
interest
fixed
preferred
stock
1
in
bonds
income
$79,275
is
approved.
:
,
(a) they will be relieved of any obligation
property of the Boston Terminal Co. and of
any obligation to make any payments for such use if and when such
use shall be discontinued,
(bt the obligation of the reorganized prin¬
of Old
;
to
>
Colony
continue
so
that
use
to
the
Old. Colony and their trustees to make payments
on account of
interest and principal of the debt of the Boston Ter•'minalCo. represented by its outstanding bonds made after the date
cipal
'
debtor
which
on
interest
and
the
trustees
such
have
made
the
last
payments
on
account
of
principal
debtor shall use the property of
be satis¬
fied by payment by the reorganized principal debtor of an amount
per annum obtained by applying to $275,000 the percentage of the
j total use of such property from time to time by the principal debtor;
and fct the obligation to pay operating expenses shall be limited to
the
amount
of
such
expenses
after deducting
all revenues from
: rentals
and concessions.
'■ •' /;//>,/';V'
The
on
bonds,
will
so
long as the reorganized
the Boston Terminal Co.,
if the number of passengers using the
South, Station of the Boston Terminal Co. Shall substantially increase
the
in
!
plan
provides .that
the
future,
Commission
will
consider
an
] bondholder of the Terminal Company to mbke
the
of
by
application
equitable
an
any
revision
payable by the reorganized .principal debtor.
will amend the charter, and amend or supersede
amount
The
plan
the
franchises and statutory obligations of Old Colony and of the reor¬
ganized principal debtor so that neither road will be under any
obligation to operate'passenger service on Old Colony lines.
The
reorganized principal debtor will, however, undertake a contractual
obligation to operate for its^pwn account freight service on the socalled Boston group' (i.e. tho^e cohered by the abandonment proceed¬
ings) until such time as it»:shall acquire the assets and franchises
of that
group.
It will further undertake a contractual obligation
to
operate for its own account passenger service on Old
Colony
lines if and so long as the losses therefrom do not exceed certain
so-called critical figures.
.These agreements will take the form-of a
stipulation by the reorganized principal debtor before the court if
the legal representative of; the Commonwealth of Massachusetts joins
in such stipulation.
The contractual obligation to operate passenger
service
will, terminate if the legislature of Massachusetts has not
;
,
.
.
,
prior
the end
to
amended
be
the
Old
The
the
the
of
two years after the consummation of
charter
tmder.no
will
Colony
of
charter
the
reorganized
obligation
lines.
to
principal
operate
debtor
passenger
the
so
plan
that
it
service
on
A
1st
;
.
1,937,500
2,500,000
Will
remalii
16,667
_'•—
Will
be
:
undisturbed
paid in cash
of
5
board
of
Tst 4s—_
and pay
claims
any
mentioned in
that
plan
shall
1st
which
to
breach
the
the
of
/
■
Income
the
Boston
its
of
lease
reorganized
1
■"
is
would
company
1,200,000
600,000
138,712
69,356
12,054,000
723,340
12,054,000
138,819,250
Interest —28,612,815
27,763,850
1st
4s
ref
&
Comrilon
stock
15-year
stock
($100
.♦These'
amounts
of
as
Harlem
tExcludes
31,
&
$ Balance
pledged
York,
New
Providence
Dec.
after
31,. 1941,
property
Jan.
to
up
24,
bonds
issuable
lateral
trust
$3,345,414
of
properties
dence
RR.
shall
and
condition
Bank
of
In
excludes
and
the
be
of
and
assets
by the
contemplated
acquired
as
shall
Boston
of
increment
Boston
be
re¬
Provi¬
on
the
Merchants
and
company
the
the
receive
for
plan,
the
$456,810
balance
of
principal debtor held
by it and Unpaid interest thereon
to
the
effective
date
of
the
plan approximately $104,920 of new
first and refunding bonds, series A, $209,840 of new income bonds,
series
A, and $209,840 of new
preferred stock, series A, provided,
however,
do
the
in
the
of
that
due
amount
holders
of
■■
of
'■
the
sale
of
the
for
the
available
for
Boston
its
note,
difference
distribution
prefers
it
obligations
may
between
to
unsecured
\
stock- available
and
for
claims
'Jthe
distributed
distribution
shall
be
to
among them upon the basis of. the relationship between the-amount
of each claim as finally allowed by the court to the total amount
of
such
all
shares
the
of
The
claims.
public
Railroad
Boston
holders
Holding
of
the
Company
finally allowed by
the court for any breach
guaranty, both for par value and dividends, be
holders
of
unsecured, obligations
and claims,.
939,C82
§
—
560,318j
2,000,000)
Bk„
Nat
Union
500,000)
24,150
shall,
to
preferred
the extent
of the contract of
included among-the
—482,917
Co_
200,0001
821,946
—
Rockl
Bk
Interest
28,956
Common- stock
hattan Co £„
28,956
allotments dependent on
amount of unsecured claims and obli¬
1,000,000
§338,167
—
gations finally allowed by Court.
420,725
Interest
50,800
203,200
§144,747
connection
Obligations, Guaranties and Claims
with
and
claims,
of
the
unsecured
amount
9,965
60,058
§19,035
Rhode Isl Hosp
Nat Bahlc__
In
208,280
„
100,000
Bank of Man¬
antees
.
78,432.
§61,349)
Tr
Interest
Nat
1,800,493
8312,235)
following unsecured
stock allotments
obligations
common
claims
and
4%.
guar¬
the
on
'■
'
New York, New Haven & Hartford
Providence Securities Co,
and
dependent
are
obligations finally allowed by Court:
Obligations—
■
4% debentures—ill'-$15,010,000
,;1;748,000
debentures—-—11--
Guarantees and Claims—
N.
Y.
Westchester &
Springfield Ry.
Cos.
Boston
pref.
4I/as-_—1———'
1st
D$19,200,000
and premium)——
""13,080,490
——t_^r_l
-1—
Eng. Inv; & Security Co. pref. (par and premium.)--
51,342
tt38,850
(par
Dividends
New
1—;-.2,200
.Dividends
Stafford
Springs Street Ry. 1st 5s-^—li-Al
——$312,208,/
Worcester <& Connecticut Eastern Ry. 4'/2S—
1
$248,707
New
England Steamship Co.
Colony RR. unsecured
note——
395,370
Uil, 186,963
claim———1_1—2.831,803
Connecticut Ry. & Lighting Co. unsecured claim-—4,440,875
Jean Annett, unsecured claim_„
—-l-^--_l_-—/ 1 $$161,577
Chatham RR., unsecured claim—6,820
Hartford & Connecticut Western RR., unsecured claim_l
•
.§§52,672
Providence Wan-en & Bristol RR,, unsecured claim——
*""191,000
Old
Boston
Providence
&
principal debtor and the net
collateral, its pro rata share
1
common
unsecured
of
Bank
pledged -under
receive
of
stock
\
$70,031,038
shall
notes
the
for
common
new
National
collateral
the
creditors../
The
Merchants
the
event
on
received
proceeds
of
the
dispose
and
so
if
that
does
and
1,372,553
-It-
'
which
$1,467,520 par value
and to be paid for
the
1,142,088
Unsecured
reorganized
by
414,777
3,618,230
Interest
.
;
interest
reorganization and to
$3,039,213 first and
income bonds
2,253,615
Interest'
Sec
199,528
8318,392)
4,200,000)
/
"
■
.
3,644,900
Nat Shawmut
Bank
-
2,350,0001
lst Nat Bk Bost
Interest
—
treatment provided at this time
4,750,000)
8695,3931
Irving Tr Co_
Interest;—
Unsecured
issuable in reorganization
properties.
the
event
terms
notes
issuable
Co
Nat Bk
Interest
:,
No
456,810)
116,3931
175,000)
824,528 j
Interest
Providence
&
the
National
bonds
properties;
$1,467,520
stock
preferred
Boston
In
and
bonds
3,345,414
1
Nat B
State St Tr
be pledged under tlie col¬
first and refunding bonds
reorganization and- to
excludes $3,289,600
$2,467,200 income
for Old Colony's
paid
funding
.:
in
6,640,512
•
Interest
of
266,880
1,497,915
$6,640,512
■
1942.
notes;
$1,497,915
—
Interest
accrued
application
—
PWA
Merch
SExcludes $1,055,072 first and refunding bonds and $253,685 income
/
'
—
Interest
,// j,.;/• y.>■;;;• /:
actual
,
9,627,107
X
Chase
Boston bonds
&
1,440,000
266,880
1,440;000
133,440
RFC
accrued
obligations and
of $700,000
bonds.
exclusive
Chester
1942.■;.'v.;,;/■;%; >-•
l,
at
unpaid
1941.
Port
$1,000,000
matured; April
of
reflect
Dec,
River
720,000
loans—-
RCC
Interest
.—$365,000,000
thereon
55.5~27~.700 55,5~27,700
2,984,007J
Interest
on
;
—
8,659,500
15,302,600)
6s
sec
Collat.
70,031,098
par.)_-—_
Total
69,355
—
5,722,563 11,445,126 11,445,126
3.600,000
$$$667,200
Interest
par)——-———-§71,8.96,964
($100
ser E
Interest
—_
„
600,000
723 240
bonds
1st & ref 4s
•
,
"Amount
bonds.,:.
*.
InterestL'
1st
upon
,;■•
■
paid in cash
2,400,000
t277,423
Interest
have
approved.
Will be
52,293
undisturbed
Central New Engl
thereto,
released and
Providence
&
also
6,989
484,459
Will remain
3,922,000
Interest-u.-—
591,492,387
bonds—'/..J/' §86,112,710
41/a%
mortgage
5%>■ preferred
.
968,917
4s_—
NorthampRefunding 4s^
provision similar to that provided in connection with
in respect of the creation of a sinking fund on
for
1,887,500
.484,458
NH &
the expenses
be
$140,000
1,887,500
3,^75,000
Interest
senior
ranking
not
$140,000
6,989
Prov Term Co—
previously approved by the Commis¬
claims represented by the Boston &
any
3,494
'"'
of dividends have been paid.
assume
70,000
f 17,472
; ist 4s
members
two
undisturbed
Will be paid ill cash
350,000
Interest
until
directors
Will remain
15,000,000
700,000
—
Bost & N Y Air L-
each
the
4S——
Interest
Danb & Norwalk-
the plan
and
stock
capitalization
reorganized principal1 debtor will not be obligated to acquire
and franchises of Old Colony's-Boston group, but shall
time
right to acquire such assets and franchises
after, the consummation of the plan.
the
at,
or
at
any
guaranty of the bonds of the New York
and the principal debtor's obligation in respect
several guaranty of the bonds, both series A and
series B, of New York Connecting RR., shall be assumed undisturbed
as to
terms by the reorganized cbmpany.
...
.
r\
-
any
debtor's
principal
the
of
guaranties of the bonds of the New York,
Railway, and of the preferred shares of the
Springfield Railway Companies—1926 and New England Investment
and Security Co;—1927, and of the preferred stock of the Boston
Railroad Holding Co., shall not be assumed by the reorganized com¬
pany.
No payment shall be made by the reorganized company upon,
or on
account of, such guaranty of the preferred stock of -the Boston
Railroad Holding
Co,
(except as provided).
The
principal
Westchester
debtor's
Boston
&
plan shall'be $850,000. The so-called critical figure for any
consecutive months, all of which shall be after the end-of-the
tlie
24
two
year
period,
I shall be $500,000.
■
,
principal debtor
and secondary debtors/ other
than Old Colony, entitled to priority over their respective mortgages,
current liabilities and obligations incurred by the bankruptcy trustees
Claims
date
the
reorganization
of
secured
-
-
of
Total
guarantees
,———$298,368,566
obligations-—
claims-—
.——16,758,000
and
,L--——$$$78,200,902
Grand total;
%
"Amount
,
Outstanding
Obligations
obligations--——
unsecured '
Total
Total
unsecured
unsecured
RR.
Summary
Total
.^393,327,468
ousta'nding
of
Dec. 31, 1941.;
Does not'include equip¬
principal amount of' $2,940,000 on which the
interest charges for the year 1942 will approximate $65,500,
ment
of
trust
tIncludes
subject
1942
as
in
deduction
for
deposited
withdrawal.
to
cash
of
as
Dec.
31,
1941,
not
•
proceedings, to the extent unpaid at the
plan shall be paid in cash or assumed
reorganized
liabilities,
with
dealt
as
may be
company
or
and obligations may be adjusted or compromised
paid or discharged by the reorganized company,
determined by the board of directors of the reorganized
subject
to
the
approval
of
the
The
or
in
reorganized
contracts
anties
part,
of
but
affirmed,
company shall be deemed
the principal debtor which
to
are
have
assumed such
executory in whole
including any executory leases and liabilities under guar¬
excepting any such obligations which are expressly dis¬
as
shall
have
1941, after Actual"application-of increment of
pledged property u& to Jan; 24, '1942, <
' ••
been affirmed-or
deduction
§Includes
194i;«
V
IIThe
for
has
increment
V.
'.
•
Court
allowed
-
of
pledged
,
;
common
.
,
•
property to Dec. 31,
■ ■
claim
against the estate of
principal debtor $19,200,000, but said allowance does not constitute
adjudication of. but is without prejudice to any rightjor1 claim
which has been or may be madq.,
for any interest accruing sub¬
as
a
the
an
.
sequent
1,
July
to
""Based
.
1935.
29,338 shares held by the public at $106.75 per share,..
on
$$Based 6n 370
shares held by public at $111 per share.
$$Ailowed by Court Jan, 13, 1937-
»
of $826,149, which in¬
cluded $364,114 bond and note interest due-New Haven.
As public
holds 11.4%- of outstanding stock, amount shown is based on 11.4%
§§Court
of
allowed
claim
against
New. Haven
$462,035.
If Allowed
claim
in
amount
of
$48,058,197;
this
amount has
been
reduced by $871,234.
"""Based
8
shares
on
3,820 shares P. W. & B. stock at $50 share.
held
providence
but
by
Old
Colony and 3,363 shares
Haven holdings.)
held
by
(Includes
Boston &
excludes New
and tort claims; certain accrued interest;and
any amount
which may be allowed by the Court as a result
of the- reorganized
company not assuming guaranty of the publicly
held preferred stock of Boston Railroad Holding Co.
ttfExcludes miscellaneous
court.
'
of the
$Balance at DeCf.-3l,
the
company with the same relative priority as they
have with respect to other obligations of such debtors.
All such
and
all
the
confirmation
of
by the
now
against
'
of
,
and
joint
claims,
service on Old Colony lines -may be discontinued if
of the periods (described in plan) passenger losses shall
exceed the-, so-called critical figures at the time in effect.
The socalled
critical figure for any 12 consecutive months, all of which
shall be within the period of two years following the consummation
Passenger
during
The
and Stamford Railway,
during
■
assets
have
,
17,500,000
,
,
•
and
arrears
First and refunding mortgage 4%
and
certain of the properties and assets and the
Colony by the reorganized principal debtor is
approved and in consideration therefor the Ola Colony will receive
$3,289,600 fixed interest bonds and $2,467,200 income bonds:
The
plan will amend the charter and amend or supersede the franchises
and statutory obligations of the reorganized principal debtor and
of
Old
the
of
1st 4S
Interest
Undisturbed equipment' obligations,:—————_ $12,581,000
''/.Underlying' bonds ' ___-^-^t_^_;Lw^^J,,r_'-%_^^W-'«---?:rv_T./i;t21,422,000"
'"/ Collateral
trust'
^---/;$11,483,841
previously
$101,600 income bonds,
and
allotted.
This bank's right to
156,207
be
.HarlRiv & P C—
,
class, until the expiration of
a
voting
until ail
in
claims
the
S- Issue—.
'V-"/.;.
bonds,
previously
of
amount
acquisition
franchises
*'
consummation
planT subject to- change by the payment prior to the - date
of consummation
of
the
plan of the principal of bonds or bond
Interest due prior to the effective date of the plan, and payment or
reduction
of
equipment obligations or other liabilities or by
the
incurring of additional equipment obligations, shall, consist substan¬
tially of the. following:
court's
the
suggestion, the Rhode Island Hos¬
pital National Bank will receive $50,800 fixed interest bonds and
■$203,200 income bonds for the first and refunding bonds of the
principal debtor pledged under the note of the principal debtor in
..
as
two-thirds
however,
Colony
of
entitled
The
in9"43, nor later than Jan. 1, 19447"
England RR. bonds will receive for their prin¬
interest 100in fixed interest bonds in lieu of
% allotted.
Stock
.
Naugatuck RR-—
Of :the
New
accrued
^
Interest
Old
been
""date shall nofTbe earlier'Than Jan,
cipal and
$2,819,000
paid in cash
Will be paid in cash
10,000
17,500,000
1,937,500
—
Interest
■
the
debentures
other
account
■'■''
the
of
forth
set
/ Terminal Co.
,
;
Bonds
—
Will
1,000,000
New Engl 43-53-.
The plan of reorganization of the Boston & Providence will, as to
charter, franchises and statutory obligations of the Boston & Provi¬
dence, conform to limitations set forth above in respect of the Boston
(sec¬
RR.
I, Preferred
Income
remain undisturbed
—
1156,207
■•,' Interest'
;
cancelled.
its
ondary debtors!, approved by the Commission on Feb. 18, 1941, and
Is based on the record as supplemented by the further hearing held
by the Commission after the court's disapproval of the plan on
Dec. 8, 1942. '
.
The equity of the holders of the principal debtor's preferred and
Common stock having been found to be of no value, such stockholders
shall not be entitled, to participate in the plan.v
v
Will
2,819,000
General. 4s_~»
plan,
(subject to certain limitations)
Providence
i
report approving further modifica¬
plan of reorganization of the New York, New Haven &
(principal debtor *, Old Colony RR,, Hartford ~ & Con-
acquisition
also
'
The
will,
the
cumulative
to
sion,-excluding,
■
1242.
Approves
.Modified Reorganization Plan—Would Permit Purchase
Fixed
,N Y Prov & Bost—
its
The plan provides further that
on
the
common
stock
of the
preferred stock; as a class, shall be entitled to elect
and
-
New York New Haven & Hartford RIL—ICC
.
of
that whenever the amount of accrued and unpaid dividends
preferred stock-shall equal six quarterly dividends, the holders
will
year
aggregating $69,566 applying to the full
year 1941 was made during the last three months of that year.-r—V. 156,
•
their
or
disaffirmance
for
properties, assets and franchises of the
'Boston & Providence RR. Corp. by the reorganized principal debtor
Is approved, and In consideration therefor the Boston & Providence
will receive $3,039,213 fixed interest bonds, $1,467,520 income bonds,
and $1,467,520 preferred stock, and the reorganized principal debtor
$1,003,976
$679,949.
for Federal excess profits tax
p.
Housatonlc RR 5s
all arrears of dividends on that stock have been paid, and provided
684,234
1942. Provision for Federal income
-tax for the 1941 periods was accrued at a 30'*
rate up to Sept. 1,
1941, and was adjusted in subsequent months of 1941 to actual rates
as
under
stock
by
be-entitled
shall
The
$286,164
basis of
the
on
cancelled.
issued
of the board of directors
•j
compu¬
Interest
claim
creditors.
secured
Int, Bonds
Notes
Outstanding
trusts—"$12,560,000
•Equip,
holder of stock of
.either, class;, shall be .entitled to as many votes per share as the
number of directors to be elected; provided, however, that whenever
the amount of accrued and unpaid dividends on the preferred stock
shall equal at'least 10%
the holders of preferred stock, as a class,
further,
Cons,
stock
preferred
new
directors
j
'Preferred
of
,
sub3..__'
of
come
.
Securities—
the
of
/Amortizat. of debt dis;
such
the
New Coll.
Existing
in
:
Colony's
representative of
a
-Will Receive--
Old
on
from; consummation of the plan, be entitled to elect two-thirds
board of directors; thereafter the election of the board of
/years
•
Old
and
released
preferred
The
.
Consol,
be
the
as
as
one
Table of Exchange- -New for Old Securities
be
District
the
audit
unsecured and
been
,
2,717,580
.
has
Inaccurate;
for
to
reorganization committee shall be created to carry out the plan.
of five members, one to be designated by the debtor,
by the insurance group, one by the savings bank group, and two
by the court; one of which shall act as a representative of the
dividend is declared
/reorganized, principal debtor, funds in an amount equal to the aggre¬
gate of the dividend on the stock to which the Old Colony would
/have, been .entitled on, account of the breach of its lease shall be
,-set aside as a sinking fund and used ,for the purchase or redemption
and retirement of
the reorganized principal
debtor's income bonds
.issued under the. plan, and in case all of such income bonds shall
have been retired, to the purchase of redemption and retirement of
.
505,643
\
—
-
-
well
as
iwhenever, any
Federal, State & munic.
-
Court
master
a
A
one
service,
service
are
the
computation
figure
passenger
also
It shall consist
com¬
Massachusetts
of
computations
,
trustees,
$6,199,662 ; $5,911,233 $12^282,718 $11,657;932
118,647
171,416
270,155,
319,856
.
—
earnings
Operating
1942—6 Mos.—1941
critical
of
and
apportionments
such
Conflicting claims of Old. Colony and the principal debtor
;
Subs.)—Earnings
of
freight
the
of
Utilities
District
appointment
tations.
North Boston Lighting Properties (&
by the bankruptcy trustees, with the approval or authoriza¬
court, prior to the date of confirmation of the plan,(>
any executory contracts made by the bankruptcy trustees"
with the approval of the court which, by their terms, do not terminate
at or prior to the conclusion of the reorganization proceeding.
tion
general
separating
and
with
so-called
Public
the
for
results
the
under
rules
passenger
The
discontinuance
apply
may
service
consistent
the
not
or
a
it
case
to
formula.
Department
/Connecticut for
freight
prescribed
between
expenses
necessary
segregation
determine
met,'
,
where
the
in
Commission's
and
-
and
passenger
the
of
revenues
1419
affirmed
at
will
435.
p.
basis
a
efl'cct
1942
—
—
154,
for determining whether or not the critical figure in
the time
is being
met, the reorganized principal debtor
keep monthly figures of the amount of passenger loss on Old
Colony lines.
These figures will be based upon the application of
the segregation formula approved by the ICC and the court in this
proceeding, and further apportionment of Old Colony's revenues and
As
.
Inc.- -Earnings-
Mohths Ended June 30—r
6
,•
THE COMMERCIAL & FINANCIAL CHRONICLE
4ll7
Shall not have been dis-
$$$Represents
after
unpaid
interest from June 2,
1936 to Dec. 31, 1941
deduction for interest deposited" applicable
to that period.
(In-
terest.
"■of
these
on
these
to
1936
2,
$136,0001
ICC
liability
13,
May
authorized
25
Sept.
the
as
procurement of certain equipment.
report of the Commission states:
of
the
brokers,
to
companies
the
name
bid
dividends
be
to
The
received.
-were
83
the purchase
for
of
rate
bids
four
the rate of 2';*
that
all
certificates
the
of
"ex-distribution"
in
the
made
certificates
See
30,
all
notation
V.
also
156,
155,
the bidders to
In response thereto
and dividends based
thereby.
98.559
was
Years Ended June 30—
of
Made in Price of
tion
Corp.—$600,000 Reduc¬
plan
for
the
1942,
must be
the
war.
is
It
the
secured
date, now extended to Dec, ;15, and the balance Will
a collateral
promissory notei.covering 155,747 shares
by
stock
common
mature
The
ICC
$236,105
$222,728
162,380
134,441
1943.—V.
15,
156,
bear
will
note
27u
at
interest
1332,
p.
Oct.
issued
1
20,983
19 9 33
expenses-.,.—,,...
<
i„:_.
administ.
that portion of its so-called Wilkeson branch line of
southeasterly from a point near Carbonado to the
branch
at Fairfax,
approximately 6.229 miles, in Pierce
the
Wash.—V. 156,
County,
1242.
p.
exp.
Electric.
■week
output
ended
35,139,000
Power
States
of
Oct.
4.3';*.—V.
for
156,
Northern
the
the
States
totaled
1942,
10,
kwh.
(Del.)—Weekly Output-
Co.
Co. system for the
kwh„ as compared with
last year, an increase
Power
36,666,000
week
corresponding
oil
from
To" 138
73,322
47,178
39,216
$35,424
$28,962
2,586
$24,705
charges—
lossi before other
loss
$26,376
in
Assets—Cash
Operating
(less
157,809
for
reserve
depletion),
rev._
6,251
expenses,....
2,792,518
.
$35,901
——_
payable,
operating
operating
Net
income
Provision
156,
Income
$4,056,273
$4,248,475
Gross
4,144,401
3,614,689
Interest
income,
income
on
Fireman's
See
100%
(Calif.)
Control
■■
.•/
''
Insurance
Fund
772.
Co., above.—V; 139, p.
Total
All
disct.
debt
on
Taxes
interest
and
$4,492,409
1,808,555
54,049
216,103
:
Net
See
New
RR.—Reorganization—
York,
New
Haven
Hartford. RR,—V. ,154,
&
v
.
Net
1730.
p.
income
'■Includes
-
periods.
~
Okonite Co.—Extra Distribution—
The
directors
share
in
the
on
common
Like
22.^
—V.
declared
have
addition
to
the
stock,
amounts
both
Ontario
per
•
k
quarters.
preceding
>\
-
-Earnings—
30,496
42,571
32,329
Cr62,478
124,484
77,460
taxes.
220,000
275,000
60,000
12,500
47,593
51,011
36,366
32,418
;
income
profit
$143,383
$105,641
$62,008
48,440
48,440
48,440
48,440
S2.50
$2.44
$1.66
$0.76
outstdg.
par)
Earnings
25,000
29.788
$146,523
stock
com
share
per
net
''Includes
investments
from
revenue
.
interest
and
of
1942, $7,228 in 1941, $12,763 in; 1940 and $9,119 in 1939.
Balance
Assets—Cash
(including
Sheet,
June
$20,054
U.
Light,
Heat
$1,937,322
Liabilities—Bank
overdrafts, $236,049; accounts payable and accrued
$344,227; sales and other taxes payable, $4,767; preferred
expenses,
dividend payable,
$6,305; provision for income and excess
profits taxes,
$225,663; mortgage, $65,000; 7',/ cumulative preferred stock ($100 par),
$360,300; common stock (48,440 no par shares), $843,060; capital sur¬
plus, $77,113; earned surplus, $441,248; total, $2,603,733.—V. 154. p. 799.
Outboard Marine & Mfg. Co.-rOLarger Distribution—
The
directors
stock,
common
declared
Payments
during
cents each;
.
.
Amr.
*
.
dividend
a
of
75
cents
1941
Feb.
on
were
20,
'
"
•
.
14
and
20,
•
"
85 cents.v—V.
•
.
J)
'|
»
May
156,
p.
611.
1
i
The
directors
record
have
stock,
common
Oct.
22.
Dec.
23,
was
paid.—V.
last,
declared
no
This
the
first
156,
dividend
a
value,
par
with
compares
distribution
25
since
'
258.
p.
of
payable
30
cents
Oct.
cents
29
Aug.. 2,
for
Uncollectible
Operating
Net
Net
5,785,151
—V,
156,
p.
44,704,104
38,191,638
10,974,267
8,438,434
$1,280,258
income
1,138,069
$1,171,872
$9,793,663
acceptances
company
155,
The
the
1,800,600
15,475,853
bonds
on
company
on
stock,
common
Oct.
of
$3.50
Oct.
15.
Trust
per
Co.
payment
.returned,
share,
to
be payable
It is necessary
of
of
on
Oct.
liquidating cash distribution
30
to
stockholders of
to present stock certificates to
Philadeluhia
this
second
a
on
distribution
■
and
may
after
be
Oct.
noted
30,
thereon
record
the Real Estate
1942,
in
and
order
Increased—~
The
of
increased
Fund
Putnam
George
during
19,460
share increased
the
quarter, and
past
from
30*
the
>
stocks.
;
its assets in;
and 52',* lu
reported approximately 6'7 of
bonds, 17',* ; in preferred stocks
in
to
from $10.39 on June 30
'
invested
^
Pacific
$100,000
Wisconsin
series
bonds,
tinental
New
;
largest increase last quarter,
Gas
$50,000
Western
Union
I960*
5s,
first
increased
stocks
appearing
Trust,
Guaranty
100
cluded
1955,
4s, 1949.
Holdings of U. S. war
from $50,000 to $100,000 and Con¬
debenture 5s, 1958, from $25,000 to $50,000,
Central
were
Electric
&
4s,
first
RR.
G
common
following
The
800
the Fund's Sept. 30 portfolio in¬
Lima Locomotive, and 500 Phillip.5*
in
securities
were
eliminated
the
from
portfolio
last
$50,000 Atlantic Coast Line first 4s, 1952, $50,000 Baltimore
notes, 1944, 220 shares Associated Telephone $1.25 pre¬
ferred, and 1,000 shares Standard Oil of California common,—V. 156,
&
p.
4%
Ohio
347.
; ■■;
y-..
■
RCA Communications,
■'
•<
than
$3,000,000
the
of
Inc.—Earnings-
1942—Month—1941
Period End. Aug. 31—
Total
oper.
revenues:—
$652,031:
Total
oper.
deductions.
Net
Other
revenues-
oper.
Operating
income
(non-comm.)''
Old.'inc.
ord.
income—_
5,100
3,849,09f>
$2,003,040
$243,046
$2,458,225'
-'•••
■
$6,305,329
3,681,524
478,229;
3,361
46,555
25.808
$2,049,595
$2,482,031
'
$246,407
$271,242
£>r6.074
6,699
Drl.723
21,561
$265,168
$253,106
$2,047,872
$2,503,592
28,762
36,003
$236,406
$217,103
inc._
ord.
from
.
$266,142"
income
commun.
1942—8 Mos.—1941
$5,684,564
$721,275
385,889
a
Net
dividend
ord.
154,
436.
p.
Oct,
15
paid
$1,
par
to
a
dividend
holders
of
of
15
cents per share on
Sept.
record
Net
•
238,566
286,568
$1,809,306
$2,217,024
29.
1940.
of
tons)—.i—_
have
declared
that
certificates
7%
6r;i
preferred stock, both
stock
preferred
on
1,
were
made
record
of
p. 1333.
the
and
'
3.647
*.9,140
3,768
,
.
,
12,649
156,
—V.
7%
88
and
201,491
210,591
a
a
dividend
dividend
of
cents
of
87
75
167,463
».
•■
surplus
$2,208,138
1,335,900
1,205,109
$45,006
$85,797
$467,913
$1,003,038
—
964.
p.
20.
A
dividend
of
88
cents
per
share
share
preferred
6'«
.
stock Aug.
last,
Distributions
stock
on
.
;
■
:
Feb.
$74,635
79,261
$375,834
517,797
revenues;-
"$12,351
"$4,626
"$141,963
$7,745
(non-comm.)_
306,926
97,111
1,603,219
572,665
$294,575
$92,485
$1,461,256
$580,412
437
750
$294,575
$920,048
$1,460,506
279,000
53,897
1,381,195
$15,575
$38,151
$79,311
oper,
revenues
oper.
inc.
$593,469
585,723
Gross
Deduct,
ord.
income—
from
inc.
ord.
2,800
was
as
1942.
•■
Feb.
1,
2,
preferred
1942—8 Mos;—1941
$40,331
52,682
oper.
Total
on
share on the
payable Nov, 2
per
1942—Month—1941
deductions-
Total
Ord.
cents per
account of accumulations,
on
Oct.
cents on
the
on
$1,803,813
.130,800
to
transfer,
inc.
$216,597
191,400
inc.„
period End. Aug. 31—
against 87 cents on
of 75 cents each
May 1 and Aug. 1,
this year. Previous payments were 87 cents on the 7% preferred stock
and 75 cents on the 67o
preferred stock on March 15, 1941.—V. 156,
paid
1.747;
Radiomarine Corp. of America—Earnings-
Output-
1155.
directors
May
-.v
$236,406
net
from
earned
This com¬
Sept.. 1942 Aug., 1942 Sept., 1941
(no.
156, p.
holders
:
'
.
Portland Gas & Coke Co.—Preferred Dividends—
to
1,241
(Cr)_
(chgs.)
income
income
Deduct,
Oct. 1, last, and 5 cents on Dec. 16,
on
of—
Coal mined
—V.
income
Income
Extraord.
Extraor.
Net
Corp.—Liquidating Dividend—
authorized
$1,788,45S
,r
Fund
the
Southern
of
paid
15
with 10 cents paid
The
have
$5,167,314
$850,629
quarter:
Pond Creek Pocahontas Co.—Coal
1332.
directors
$232,735
$325;999
Judge
less
of
the
The
2,992.739
holdings showed the
12,915 219
Penn Sugar Properties
4.781,193
8.752,953
1756.
p.
Month
$8,002,349
1,552,788
operating
income
13,920.267
425,845
..
the follow¬
ing new additions being made; $50,000 Atlantic Coast Line collateral
4s,
1952, $30,000 Empire Gas & Fuel debenture 3V2s,
1962, $60,000
Pollock's, Inc.—15-Cent Dividend—
1942—8 Mos.—1941
1,647,457
taxes—
658.580
gained
25'i
Bond
Deduct,
The
Co.—Earnings—
4,944,508
$678,050
2.599,877,
resources
30
common
of $2 per share on the
class B common stock, no par value,
to holders of record Oct. 10.
This compares with $1 paid on March 15, last, and $3 on Dec. 3, 1941,
$7,278,049 $65,721,852 $54,807,421
23,600
249,818
175,000
30,000
expenses,.-—
Operating
rev.
oper.
$41,279
Sept. 30.
Gross
---V.
1942—Month—1941
$8,742,866
revenues
1,247,588
$08,894
i
.
—
Sept,
cash,
of proofs
filing
Federal
by
•
Pacific Telephone & Telegraph
Period Ended Aug. 31—
$1,573,587
1.756.419
1155.
outstanding
on
On
$24,344,700 of
refunding bonds and less, than $7,000,000 of the $29,148,000 of deben¬
ture bonds.
Rejections of the refunding group were about $220,000,
and of the debentures $280,000.
The total acceptances are far less
than
the
two-thirds
required by the Federal Bankruptcy Law for
approval of a reorganization plan, and Mr. Taggart in his petition
said
that
the
reason
many
of. the
holders
of the
refunding and
debenture bonds were withholding acceptances was their doubt as to
the future tax status of the reorganized company.—V. 156, p. 517.
pares
Operating
the
for
$53,492,700
time
received
on
cents
40
$2,434,469
163,858
1,749.247
income
p.
net
Net
when
1937
«
•
liquidating value of each
Howard
of
paid
$204,137
233,202
,
revenue^——
156,
$10.83
on
share
per
$332,096
——
i_—,
accrued
Shares
Ralph E. Taggart, President of the company, in a petition asking
an
extension, said that up to Oct. 13 Drexel & Co., agent for
Benton Lewis, special master for the court in the case, has
but
—V.
share
holders
per
to
2.510,142
$4,455,19S
323,186
$2,500,982
Plymouth Rubber Co.—$2 Dividend—
40
15,
Overseas Securities Co.—30-Cent Dividend—
the
of
months
The
;
15. 60 cents, and Nov.
.
Feb.
been
This com¬
3.
net
Total
of claim and acceptance by the
the company has been extended for
William H. Kirkpatrick.
would have expired Oct, 15 under a court order of July 8,
time
The
May 20 and Aug. 20, last.
follows;
as
the
share on
per
payable Nov. 20 to holders of record Nov.
with 50 cents each paid
pares
,
have
2,860.249
$617,301 $13,242,217
382,638
j
$4,914,000 on June 30 to the new high figure of $5,335,000 on Sept.
Philadelphia & Reading Coal & Iron Co.-—Court Ex¬
owned
$2,603,733.
55,190
Petroleum.., ;.y
three
total,
3.153.982
operations
car.
$59,382,230 $42,526,94*
18.424,848
19,206;777
2.329,325 '
430.993
2,042,567
22,525,592 .1 15.923,836
2,397,161
r
274.175.-.
.
of
holders
subsidiary, $23,046; special accounts receivable, $19,733; deferred
charges, $6,715; fixed assets (less reserve for depreciation of $221,730),
.
Mr-.
to
$5,435,405
2,304,293
.
thereafter the companies will be obligated to join in the
consolidated returns. , No estimate has been made as yet
respect to the possible tax liability for the year 1942,
If the company,
its merged companies and each of its then sub¬
sidiaries had elected to file separate excess-profits tax returns, it is
estimated that the tax payable would not have exceeded $258,000 for
the calendar year 1941 and $128,000
for 1940. No estimate has been
made for separate excess-profits taxes for the year 1942.
(2i Included in the above statement are adjustments applicable to
prior years, which items, if eliminated, would increase net income
by approximately $40,000 in 1942 and $6,000 in 1941.—V. 156* p. 1243.
accounts
$39,708;
rights, $25,000; goodwill, $1;
has
provision
No
$8,6i6.07d
«cars__-
-Bond Holdings
tends Time for Filing Acceptances—
v"
(less reserve), $528,028; inventories, $674,046; investments
securities, $98,433; investment in shares of and advances to whpliy
power
was
'
:
-
(George) Putnam Fund of Boston- -Continues Growth
Youghiogheny Hydr-e1942, Logan
Feb. 28,
Co.,
with
and
water
Co.
Power
~
addition
in
and Harry S. Kramer,
of car and auxiliary operations)
1942—8 Mos.—1941
1942—Month—1941
expenses..-J.*-*.
Operating
considered necessary for excessprofits tax under the Excess-Profits Tax Act of 1940, as amended,
for the years 1940 through 1942.
Pennsylvania Electric Co., its ac¬
quired and merged companies have joined with others in consolidated
returns
for
1940
and
1941
which
indicated
no
tax liability
and
receivable
$1,189,017;
&
Holder
expenses
■
of
revenue
Taxes
acquired for the full
acquired the properties of
and on
acquired.
Electric
Committee,
Edward Perry
merged or
the company
1942,
Solar
and
Corp.
Notes—(1)
in
$5,187
:
funds),
S.
Electric
;
1942
30,
companies
of
4,
Ene~Tightinir CorrThe Clarion River Power Go.,
filing
$131,925
$231,793
$546,854
March
wit¬
expert
two
preferred
$6
.
Protective
the
and
revenues"
Total
11,595
$2,460,482
operations
On
the
common
Cr7,216
13.621
deductions
"
of
maintenance.
expenses
Net
presumably
1939
1940
1941
deductions—.,—
for
Miscell.
(no
;
1942
.,
$533,414
Depreciation
Net
five
the
Steel Products Co., Ltd.
"Profit
Prov.
of
each
cents
50
of $1.50 per share
holders of record Oct.
to
2
v.
Years Ended June 30—
Shs.
in
Nov.
156,■p.'83.
of
;
dividend
quarterly
payable
paid
were
dividend
extra
an
usual
'
■;
L
called
present
Auxiliary Operations—
Total
—V.
Old Colony
"
-
the
position.
revenue
Total
305,998
31,569
:
construction-———..A.—
to
income
Exchange Commission,
and
Co.—Earnings
revenues
other
68,897
interest——————
on
charges
charged
Miscellaneous
$4,187,976
1,736,492
companies-
associated
to
assumed
Other
Interest
Dr7,878
-———
—
Stock¬
of the company, the Pro¬
Seifert, Chairman, stated
Committee
that
that
value,
Jacques Coe,
156, p. 1330.
Conduct,
$4,164,300
23,676
$4,500,287
(mtge. bonds)
exp.
(less premium)
long-term <}ebt
debt
of
Interest
Co.
127,156
plant—
gas
1244,
Sleeping Car Operations—
957,203
—
C.
.
Period End, Aug. 31—
831,294
$4,050,737
V 113,563
i_———.
miscellaneous (net/—..———
income
the
p.
156,
Co.—Preferred
Securities
"The
testified
monetary
Pullman
1,360,555
885,808
'
—
various
of
directors
26,386
1,272,370
769,107
—
Charles
the
continues;
members
Jr.—V.
793,118
$4,373,131
L~:———L.-
taxes-
of
stockholders
by
value.
no
(Revenues
—k—.—
boards
organization,—V.
&, Light
preferred
headed
are
General
490,422
':vv/. ■''
taxes
revenues
lease' of
Operating
Amort,
Occidental s Insurance
income
other
for
from
4,440,496
1242'.
Sought—
44,696
_
—;—-—
—
.
Federal
operating
,538,683
591,292'.,.
—
p.
capital
for
the
on
serve
whom
Committee's
depletion)
and
' '
"
.
3.682,443
4,432,812
1,059,253
for resale—--—
of
no
Other
*1942
(deprec.
is
He
of the Public Service sys¬
'
Power
$6
ot
is
one
Seifert,
1941
$12,837,176 $11,701,736
——
— —.—
retire,
for
fixed
16,824,171
4,011,935
$623,842 i
income
purchased
Electricity
board.
the
of
member
a
advertising
stock rep¬
stockholders are
in effect the owners of the company and entitled to all or practicallyall of the new common stock, if issued; the other attributed a total
possible interest of 5'M. to the old common stock."
The Committee disclosed that it represents more than 50,000 shares
of the $6 preferred stock of Puget Sound
Power & Light Co. and
urged stockholders to send additional authorizations in support of
payable
accounts
___
Maintenance
elected
judgment of
Committee
resents
Operating expenses
Other
'
■
necessary
to convert the $6
of
the
present $6 preferred
The
Co.- -Earnings—
revenues-
been
Public Service
to
the
in
stock
mon
reserve (less
$399; taxes,
$366,018; oil
premiums,
also
the
Committee
was
the
18,670,332
s
''
Corp. of New Jersey—New Director-
has
Sound
nesses,
$60,988;
Electric
Pennsylvania
$563,972
744,284-
-
^preferred into common stock,
should get all of such new
common
stock."
The letter stated that Engineers Public Service Co.
was
entitled to. no part of'this new common'since the present com¬
$3,317;
insurance
will
in
letter
a
"if
holders
receivable, $2,500; accounts
property, plant and
notes
depreciation),
$290,083;
Allen
Allen
In
that
and accrued
term debt,
treasury),
$689,418; class B stock (less 2,645 shares held in treasury). $2,714;
capital, surplus, $281,369; operating deficit, Br$421,881; total, $680,972.
—V. 155, p. 1756.
'
:. "/ -.V • V,;v:.
"
2,155,669
taxes
-
I
I
public relations and
Puget
$2,560; total, $680,972.
supplies,
$3,320;
Net
,
holders Would Exclude Common Stockholders—
4,004
$184,185
inventory,
oil
for
reserve
F.
of
Maintenance
$3,266,337 $27,233,675 $25,151,936
8,013
" 66,574
67,355
$4,166,895
revenues-.
Operating
—V.
2,590
Sheet, June 30, 1942
$2,110;
crude
$10,664;
1942—8 Mos.—1941 i
1942—Month—1941
Aug. 31—
Uncollectible oper.
Operating
Net
V
8.090
banks,
receivable,
equipment
Provision
Northwestern Bell Telephone Co.—Earnings—
964...
p.
:
Mr.
it
Provision
Period Ended
has increased the
10Temporary
Only those employed on a full time basis aro
month.
a
156,
Service
properties
$31,896
$32,795
—
_———_—
Balance
of
:
,
$34,487
10,719
operations—,.
,A--—
charges
Waiter
director
45,088
—
——
revenue
Total
by
employees
tem,
tective
1332.
p.
$300
Public
10,716
43,079
———
—~
12 Mos. Ended June 30—
Northern
Broadway,
140
Newark, N. J,
of America,
this company
emergency
clerical
'
28,347
—
—
Miscellaneous
1
•*
war
its
of
95,313
office
&
Liabilities—Notes
of
Co.
Insurance
Working Hours—
the
affected.—V.
liabilities, $13,047; deferred income (contra), $3,317; long
$52,000; capital stock, class A. (less 10,695 shares held in
permitting abandonment by
certificate
a
to
than
less
77,000
loss
Net
trustee,
$289,428
Depreciation
Net
for
Payment will, bo
interest.
successor
called
___—
extending
of
end
The
Pacific Railway—Abandonment—
on
company
-railroad
Northeastern.
of
Nov.
Northern
the
shall pay a
be paid on
be
of
proposed that Mr. Ware and Penn-Jersey
of
which $1,224,655. in cash will
$3,224,665,
closing
and
$289,395
33
-
now;
of
total
1,462
7,081
L.
.
$214,185
1,247
Amortization
Net
been
working
additional compensation will be paid in connection with this increase in hours to all
clerical employees in the home office,
the field offices, and in the
branch mortgage loan offices in the United States whose salaries are
1940
3,325
prospective purchasers have informed Denis J. Driscoll and
Thofp,. trustees of Associated Gas & Electric,
because
the
now,
Prudential
Due
1941
$231,533
—.
Other
Co.,
have
1947,
15,
105 and
at
1942,
Guaranty Trust
City.—V. 156, p, 1244.
—Increases
p. 91.
operating
Direct
15,
the
at
Y.
,
the
of
payment
revenue
Gross
.
"Willard
of Nov.
as
Nov..
*
-7sinking fund gold bonds,
mortgage
due
and
1927,
■•
Depletion
Stock—
purchase by the Penn-Jersey Water Co.
and
John
H.
Ware, Jr., of the common
stock of the corporation
from the trustees of the Associated Gas & Electric Corp. for $600,000
less than contemplated originally was filed Oct; 13 with the Securites
and Exchange Commission.
:
•-When the plan was first proposed, it was expected
that Mr. Ware
and
fhe Penn-Jersey Water Co.
would pay $3,805,197 in cash for
the
common
stock
of
Northeastern.
That
figure cannot be paid
amended
An
.
made
N.
outstanding first
of
———
—
and
Taxes
Northeastern Water & Electric
..
30,
the
1942
——:
sales
General,
.
settlement
in
cleaning-——
sales
Oil
Gas
Drilling
the
Nov. .15,
redemption
(& Subs.)—Earnings—
insurance
1242.
p.
of
1942.
deliveries
after Oct.
and
on
bearing
distribution.
aforementioned
Oct.
that
ruled
contracts
of
form
after
and
on
further
Committee
The
Monday, October 19, 1942
Potrero Sugar Co., Inc.—To Redeem Bonds—
All
dated
distribution,
signed by the registered owner of the certificates.
Due bills will be
Redeemed by the Real Estate Trust Co. of Philadelphia upon presenta¬
Penn Valley Crude Oil Corp.
and
certificates,
the
of
borne
highest bid,
annum,
per
2.29■#.—V.
mately
of
Ex¬
Curb
hours
made by Halsey, Stuart & Co., Inc.,
and associates,
and has been accepted.
On this basis the average
annual cost of the proceeds to the railroad trustees will be approxi¬
.
York
New
prior to Oct. 30 must be accompanied by due bills for said
"
bankers,
invited
trustees
railroad
The
of
Rulings
Security
on
that the common stock be not quoted "ex" the second
distribution of $3.50 per share until Friday, Oct. 30, and
deliveries after Oct, 14 in settlement of transactions made
ruled
the
The
on
Committee
liquidating
obligation and
to assume
road
trust
Bank,
trustee, and sold at 98.559 and dividends in connection
No.
1942,
The
change
tion
not exceeding' $1,39.0,000 of equipment
2, to be issued by the Chase National
of
respect
of
York,
with
a
Old Colony RR. has claimed interest
1936,
The amount of interest from
1937 included in the special deposit is
Equipment Certificates—
on
in
certificates
New
in
.•
Trustees
The
1935 to May 13, 1937 in amount
special deposit with New England
13,
May
aside
set
Boston, Mass.
The
bonds 'froin June 2,
Co.,
June
from
bonds
has been
$288,000
Trust
on
\
THE COMMERCIAL & FINANCIAL CHRONICLE
1420
Net
income
Deduct,
from
net
inc._
.
,.
$577,612
339,475
2,
)
>'
Net
inc.
earned
transfer,
surplus
^Deficit.—V.
156,
to
—
p.
1059.
$238,133
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4117
156
Railway & Right Securities Co.—Asset Value—
•
The
-
Years Ended
bond-—
$100
preferred
Per
$201.72
———
share—-.s/_i
1940
1939
$306,887
$301,440
$273,127
9,542
7,982
156, p..1155.
•
10.98
Legal
'/
Years Ended June 30—
.
Invent,
1941
profit
*
Net
(Net
income
Net
re
395
593
41,750
36,975
Earnings
30,000
30,000
30,000
—V.
*108,000
92,000
Preferred
Common
excess
act—:—
$19,443
♦Before
applying net loss
salefe of securities.
on
$$17,427 '
'*
$130,992
$132,294
(Computed
4
aver¬
on
cost basis.
(Loss. /;,/:;/';'
•-./
■ ••■••'!•••
/ '/••//:;
,,//
Nffte—The unrealized net depreciation of securities owned at June 30,
and
age
1---~
"Includes'provision
40,250
40,250
40,250
54,000
54,000
54,000
in
$2.52
;
.
;1942,
on the . market
June 30, 1940. •/'/■
based
shown
at
Balance
sheet,
12 on page
quotations, /was $25,174 less than that
: / '•'■A'■
\';//'//.■''•//:;,///;'/'••, /':"*"•/•
of June 30, 1942, appeared in "Chronicle", of Oct.
as
1334. /
''"'//
/
v/;.••..'•./"■//
,v
Oct.
13
Producers
Rearwin Aircraft Corp.—New York Interests Purchase
;:V;
-Control—
Reports from
.'/V;
\
//^:
.>
denied
.
the corporation has
.been sold to New York interests headed by C. H. Dolan, pilot, aeronau¬
tical engineer and munitions manufacturer.
R. A. Rearwin, who has
been President of the company, said he and his sons, Kenneth and
profits tax act,
excess
re
-1%
$23,600;.
preferred
cumulatve
claims
for
reserve
($100
stock
par),
contingencies,
$558,600;
plus,
stock
: ■■•'// ■:/.'
/.'■''■■■:
Quarters Ended—
■Consolidated
—V.
156,
sales-
gross
—__
348.
p.
-
' June 307-
Sept. 30,
' 1942
$1,229,887
•
It
of general
mortgage Vr
bonds and income
5(Sr
bonds
of
City, Memphis & Birmingham RR. issued ahd outstanding,
with
accrued
and unpaid
interest thereon at the rate of A'U
on
geheral mortgage 4%' bonds and 5/i on income 5%
bonds to Nov.
6, 1942, the date of payment fixed in the order.
i
./.The trustees on.Nov. .6, • 1942,-will make payment of the Birmingham
bonds and the interest to be paid thereon to Old Colony Trust Co.,
trustee, for account of the respective holders of Birmingham bonds.
Holders of Birmingham bonds should present their bonds promptly
at the office of Old Colony Trust Co., Boston, Mass.,
for payment,
on
or
after Nov. 6.—V. 156, p. 1244.
-
Richmond Radiator
S.
have
Co.—-New
elected
President and
officers elected were R.
'Other
President/ Etc.—
Reynolds and Henry L, Charlton,
been
both of Reynolds Metal Co.,
Executive
J.
Vice-President, respectively.'
Lindqulst, Vice-President;
Kelley, Secretary and
and V. E. Larson, Assistant Secretary. ■
olds,
Jr., Treasurer;
R.
S.
H.
M.
Reynolds succeeds G.
156, p. 1244.
A.
who
Robertson
R. S. Reyn¬
Assistant
Treasurer,
:/
recently
resigned
as
President.—V.
Rockland Light & Power Co.—12-Cent Dividend—
(
directors
The
with 13 cents paid
pares
13 cents
'18
Feb. 2,
on
dividend
a
of
12
cents
Aug. 1, last, 12 cents
on
1942.
1,
18
cents,
This com¬
15.
Nov.
13
1,
Davis
of
St.
that
B.
cents.
he
would
but
155, p. 1518.
Without
Rose's 5,
10 & 25-Cent Stores, Inc.—Sales Up—
Period Ended Sept. 30—
»-
Sales
'
—
On
1942—Month—1941
.
8826,584
-
$659,008
$5,984,927
as
,
income
Net
before
depreciation and
income
to
Provision for
Federal
income
taxes
Net
income
194:}
:
»
____■———A/;
•Includes' $84,287
;
additional provision
Note—No provision required for
Balance Sheet,
.
Assets—Cash
$956;
drafts
'and
and
accounts
advances
in bank
and
iassociations
and
$10,268,187;
292,690
-
of
by
on
accrued
$242,223;
'accounts,
890,100;
Federal,
and
4^% ^cumulative
($100
stock
common
State
local
$819,171;
grain,. $323,106;
taxes,
preferred
par))
of
($100
income
Net
cash
20
Sheffield
years,
19
billion
more
of
milk
that
prove
has
Farms
pounds
records
cents
bargained
from
this
for
members
and
of
the
has
paid an
time than
company
per
and
two
non-organized
farmer
'
directors
the
other
sources."—•
.
have
declared
common
31.
Oct.
stock,
This
quarterly
a
no
dividend
value,
par
with
compares
cents
in
the
of
Oil
lines.
Christi
oil
daily.
Christi,
Tex.
The
area
The
gathering
is
system
accounting
deal
fill
handle
new
The
pipe
per
holders
Oil Pipe Line—
in
system
between
the
southwest
with
line
Texas
Continental's
the
fields
In
12,000
barrels
terminal
at
Corpus
■
barrels
of
oil
which
Corpus Christi area, will
will be relayed from the
which
and
20
and
10,000
.
Sinclair's
cents
to
reported to have purchased
connected
for
included
is
/
This system, together with about 1,500
Sinclair Refining Co. purchases in the
to
25
10
share previously
per
1219,
p.
Co.'s
of
Nov.
payable
30
company's pipe line department
Continental
Corpus
the
Berve
Pan¬
line
will run from the East White Point pool
County, where it will tie into Sinclair's
at Sinco on the Houston Ship Channel,
("Wall Street Journal.")—V. 148, p. 597.
/.
area.
Damond
to
new
Mound.
line
main
its
to
Brazoria
refinery
Aug. 31—
Ltd.—Earnings—
i::'"■
1942
1941
$3,255,943
'••
$2,963,942
1,007,094
earnings
885,090
Operating and maintenance expense___!
Taxes
738,961
Interest,
7
$3,515,831
$1,998,227
$1,608,136
3,048,280
1,703,133
645,242
$1,509,888
$1,433,610
1,403,330
1,372,320
$106,558
_____
$61,290
dividends, depreciation, bad debts——
:
Surplus
1,402,094
—329f0l5—210,09T
$238,536
—V.
176,359
$84,997
1,927
733
Dr2,270
156,
1060.
p.
.//' ///
,
\
Southern Natural Gas Co.—To Acquire Gas Leases— ;
The
$29,683
'--■■•-'..{ft '//. /'-
has filed
Commission for
company
Exchange
wells
plus
from
certain
II.
L.
contingent
application
an
authority
of
Hunt
to
Dallas,
estimated
payments
the
with
acquire
for
at
and
Securities
certain
Texas,
leases
gas
$1,700,000
$98,000.
cash
72,000
'r
623,750
$30,416
$86,924
$236,266
-
156,250
!
The
pro¬
5,000
18,250
•
.
adj.
70,000
1Q,000
Parish,
transaction is for gas and oil leases ooverlng approximately
acres in or adjacent to the Bear Creek gas
field in Bienville
La., together with wells, gathering lines, distillate tanks and
other
$1,025,264
.
profits taxes
profit,
Earn, per
shs.
est./—___
sh.
property.
posed
—V.
//./;_
$175,264
156,
The
789,
p.
Commission
870,
asked
is
to
act
before
Oct.
28.
share
on
-
—
in' 1942;
$1.21
Balance
securities,
hand
on
$6,919;
985;
inventories,
and
equipment
cash
est.,
in
surrender
$0.18
Southern Pacific Co.—Resumes Dividend—
/ / The
prepaid
land,
life
total,
Oct.
on
This
no
is
declared
value,
first
paid.—V.
was
15
par
the
156,
21
Dec.
since
1157.
p.
of
dividend
a
payable
dividend
$1
to
Jan,
2,
/•>
per
holders of
record
1932 when a like
/••// ,//'
Southern Ry.- -Earnings—
$22,800;
Period—-
$22,500), $841,-
machinery
of
travel ad¬
buildings,
amortization
and
$22,541;
21.
amount
Government
S.
insurance,
$82,349;
depreciation
expenses,
$2,157;
accounts,
of
directors
capital stock,
Nov.
i!
U.
for losses of
reserve
for
reserves
'
$339,785;
value
(less
1JH3
31,
July
banks,
$1,583,534;
(less
$333,717)/'$956,700;
and
Sheet,
and
notes receivable
accounts and
vances
$25,416
$0.47
the
Assets—Cash
par), $1,$5,291,153;
$68,674
-^/v/;// .//•;■■/V
;
$1.13
provision for depreciation of $98,104 (including amortization)
$69,247'in 1941; $23,575 in 1940 and $25,993 in 1939. .(Loss.
prop¬
reserve
$164,266
..
,.■./,'/.!/;!/^■.
145,000 /.;.;/•/
$1) »/
on
cap. stk: (par
' ♦After
/
total, $20,919,619.—V. 156, p. 437.
employees
$3,858,771.
■•.///
7f\ Week Ended
;////.//.---//7/7;/-'
Gross
$
earnings
—V,: 156,
Oct. 7
1941
1942
/
■;•■
■
Jan. 1 to Oct. 7
1942
1941
$
3,846,323
5,279,295
$ :200,218,912
$
'•'
137,521,997
1334.
p.
Liabilities—Accounts payable, $294,026;
Rutland RR.
accrued expenses, $1,357,635;
certificates outstanding, $30,915; employees deposits for
bonds, $11,793; reserve for wartime adjustments and other con¬
tingencies, $70,000; common stock ($1 par), $145,000; paid-in surplus,
•advertising
Co.—Earnings-
Period End. Aug. 31—.
-.
War
1942—Month—1941
1942—8 Mos.—1941
Ry.
operating
revenues
$377,298
$344,176
$2,810,146
operating
expenses
301.250
" 285,855
2,299.688
earned surplus, $1,865,385;
$84,016;
total,
$3,858,771.—V.
156,
1244.
p.
Scotten, Dillon Co.—20-Cent Dividend—
rev.
•Railway
Equip.
from ry. oper.
tax
Net
Miscell.
deducts,
income
from
$288,490
163,089
common
$369,092
3,599
;v
31,684
Cr8,339
like
A
33,375
$183,709
Net
•.
37
•.
charges___
100
33,431
income
"includes
-
33,428
$23,501
interest
accrued
oil
(Deficit./ ./■/ !./'/"• //'/•/'
3,087
...
267,580
267,885
$11,835
outstanding
$130,109
bonds,
($85,921
but/' Unpaid.
■,'■"//■' -//■/•' /\:/:
_
not
subject
to
Federal
excess
profits
tax.—V.
156,
Nov.
of
14
Line
for
invitation
an
Planes—
•/
khown
Best
in
the
•
'
^
.
v.OV':
past
for production of< military training planes,
engaged in volume production of combat planes
the United States Navy.
•
;:
this
corporation is
for
now
.
An
by
announcement
the
aid
in
the
V.
by
T. Claude Ryan, President,
and approved
Navy, revealed that .this company has been selected;to
supplying the type of scout observation planes developed for
U.
Navy
156,
p.
S.
of
Bureau
869.
.
„
..
Aeronautics
.
.
by
the
Curtiss-Wright
Corp.—
/
The
RR.
'road
ICC
on
South Bend & Southern RR.—Control—
Oct.
8
approved the acquisition by the New York Central
control of the company through purchase of stock.
The railproperties of the Ron+h. Bend company have been .operated by the
lease.—V. 156, p. 870. >
.•
.
r
of
Central under
the
on
record
Nov.
6.
tenders
of
Anderson.
bonds
and
and having-a present current market value of
include
Georgia
Alabama
&
of
deposit
bonds, due 1948; Georgia Florida & Alabama RR. Co. 1st mortgage and
refunding 6(J ..bonds, due 1952; Seaboard-All Florida Ry. first mortgage
series A and series B,
bonds,
first
Co.
RR.
RR.
Co.
first
or
Nov.
for
rejection
12, 1942,
Virginia,
or
certificates
to
will
in
matured
bonds,
bonds,
will
be
Va,
be
and dates of
Court
the
S.
in
than
Nov.
18,
disposition
The
New
the
and
or
& Gulf Coast
Tampa
Northern
1936.
Trust
of
the
taxes
Net
Net
156,
33,071
285,790
267,464
6,470,087
5,644,123
49.956,091
43,995,381
—2,053,244
1,710.867
14,677,231
13,543,424
—_
income
operating
income
—V.
$1,716,643
/•: '/■
Standard Fuel Co
from
Income
'•;'/
Ltd.
(&
Subs.)--Earnings—
1939
1942
1941
1940
$174,173
$155,606
$131,088
3,611
5,104
5,103
5,295
$177,784
operations..
$160,711
$136,191
$99,112
invests
from
$1,646,069 $13,122,461 $13,073,265
10,656,665
1,333,869
10,937,364
1,438,253
_
_
966.
p.
Total
Res.
for
of
income
———
$93,817
depr. and obsol.
bldgs.,
mach.
and
Dominion
and
equipment
Prov.
for
Prov.
Prov.
for
oth.
Fees paid
55,382
33,039
28,370
13,630
1,915
1,868
2,088
2,250
2,187
3,271
tax
Prov.
to directors—
.
of
acct.
on
39,181
49,775
2,250
taxes./
46,170
*54,590
—
income
Written-off
a
to
Court
certify
14,
acquisition,
determining
or
hearing
the
for
tenders,
that
which,
such
if
Eastern
any
and,
if
facts
any,
of
so,
District
of
bonds
them
how
will
will
1,399
•
______
,
be
Net
profit
;
—
1,399
$45,685
Balance
241,296
231,383
218,223
$63,184
209,890
—...—
$296,945
$278,823
$273,075
$286,981
—_____
46,240
47,440
54,853
77,090
$218,222
$209,891
at credit May
$60,601
$65,561
——_____
1-,
have
many,
avail¬
be
tenders
rejection of tenders
■
preliminary expenses-
scheduled
holders
whether
1942,
so
1942, and their accept¬
Court
will
be
mailed
Total
surplus
Dividends paid
Written
off
of bldgs.
re
disposals
—
9,656
Apr. 30
$241,049
and equip.
"
1942.
kept
alive
questions
and
in
the
Court
respect
will
of
their
the
agent
reserve
future
use.
York
Form
Receivers
at
submitting
Oct.
V Bonds purchased * are to be
for
future
determination
all
"Receivers.
Tampa
and
expenses
1942—8 Mos.—1941
$9,034,130 $78,042,473 $70,879,534
36,282
rev.„_
'
Notice of acceptance
accepted.
matured
District
In
to
1935;
1953,
3 p.m. Nov. 5,
required
subsequent
due
determined
the U.
Norfolk,
acquired
prices paid
able
5#
mortgage
of
been
5'*
will be received up to
Tenders
ance
mortgage
oper.
$10,276,256
for
approximately $5,000,000.
Co. first mortgage
5%
Terminal
Uncollect,
Profit
Receivers, have issued
certificates
Telephone Co.—Earnings1942—Month—1941
revenues
Years Ended April 30—-
Sought—
five
of
not later
St. Joseph,
share
per
of
issues/of lessor lines of this company aggregating ap¬
proximately $32,000,000 principal amount in the hands of the public
67*
Corp.—To Produce Navy Combat
holders
Ry.—Tenders
'
Ryan Aeronautical
cents
20
to
on
Leigh R. Powell, Jr., and Henry W.
'These
/.
dividend
a
payable
disbursed
Air
Seaboard
.
1,745
''
Note—Company
declared
$10,
par
was
.
bonds
■
stock,
amount
May 15 and Aug. 15, last, as against
40
cents on Feb.
14, 1942.
Payments during 1941 were as follows:
Feb. 15, 60 cents; May 15, 30 cents; Aug. 15, $1, and Nov. 15, 40 cents.
—V. 156, p. 262.
$150,334
$400,776 /
$45,363
have
The directors
146.495
■
Cr21,723
$41,764
,
$56,969
•
_
fixed
,Total
______
-
D-2,722
$54,324
2,645
income
$510,458
19.279
:
Cr 145 :
income
Total
$58,321
21.869
rents
income.
oper.
ry.
Other
$76,048
accruals-
facil.
& jt.
Operating
Operating
2,192,168
Net
•
Southwestern Bell
Period End. Aug. 31-
Operating
$2,480,658
Ry.
•
,
:
1939
and other conling.—_
>/;
Associa¬
them," Mr. Andre's statement said.
Sinclair Refining: Co.—Acquires
(& Subs.)—Earnings
8,199
inc. taxes
wartime
for
20
cooperatives
on
This
the
$13,537,470 $11,165,467
4,802,340
taxes————
excess
'influenced'
paid each quarter.—V. 155,
1942—9 Mos.—1941
1940
net——
Prov. for Fed.
have
Official
of
record
Gross
$6,035,229
income,
the
notes
$60,413;
surplus,
reor¬
perpetuated
minority
of
1941
goods sold, est._
Net profit before Fed.
/
prepaid
$782,314;
stock
$5,853,800;
in
and
Silex Co.—Smaller Dividend—
The
and
Liabilities—Notes payable, banks and brokers, $6,375,000; accounts
payable, $320,420; customers' margin accounts (secured), $15,349; grain
checks outstanding, $106,733;
dividends on preferred stock payable,
$42,527;
delay
action
1942
July 31—
—215,824
Fed.
$1,366,940;
memberships,
total, $20,919,619.
com¬
interest
"created
company
Southern Canada Power Co.,
$1,287,477
$1,017,066
Prov,-
U. S. defense bonds,
$74,304;
assets,
that
by
■:
profit-
Other
'
trades, $201,657; cash
Exchange Act, $31,882;
Commodity
and
1942—Month—1941
Selling -and admia. exp.
-
,
'
collection,
own
storage
and plant (net), $6,181,350;
Bill as
*.
,/'
.
-
$148,058),
Davis
we
156, p. 1156.
;
285
Revenue
...
1942
made,
mainly
1244.
p.
1059.
156, p.
Cost of
margins deposited with clearing
company's
accrued
other
$364,842;
expenses,
erty
v
for
of
process
reserve
required
as
June 30,
coal, $138,894;
brokers
funds'segregated
^inventories,.
(less
,
hand, $1,087,915;
on
acceptances in
receivable
grain
on
and
1942
under
156,
sales
Net
85,081
profits tax.
excess
been
caused
was
Schwitzer-Cummins Co.
year„./_i——_—A—//'$340,637
passed by. the House of Representatives.
had
payment
groups,—V.
♦Operating
11
Judge
business-as-usual
course
Net earnings
$718,694
*
...
Net addition to surplus for
these
on
$1,645,945
—V.
53,693
*456,756
■
/Dividends 011 common "stock———
"•——
Prcmipm on 67 shares of preferred stock re-acquired——
i.
order,
the
Eastern, stating that "the company also buys milk .from hine
share
275,724
——■//
:
the
that if they were held up it would
proceedings by the road, .//v -v■
company stated, however, that no objection to the
Sales
$1,504,869
,
!_—
_
file
believed
Period Ended Sept. 30—
;
preferred stock—
on
"smile
he
proceedings
6 Mos. Ended
Dividend
r
(The).Schiff Co.—September Sales—
taxes———
Depreciation of plant and equipment-.,
'Provision for State income taxes
could
alleged
12 Mos. Ended
Report-?-
Earnings, Year Ended June 30,
:
.
not
that
the
interest
ganization
•stockholder
Russell-Miller Milling Co.—Annual
.
for
proposed
against
counsel
reorganization
Counsel
,117 a year earlier.—V. 156, p. 613.
that
sign it at this time.what action he would take,
did
and
accelerate
$4,818,192
Sept. 30, last, the company had 119 stores in operation,
he
commented
not
indicating
that
payments,"
~
,1942—9 Mos.—1941
Louis
Producers
,
producer
oil
hearing testimony submitted by counsel for the road, seeking
authority to pay back interest on certain bonds, Federal Judge Charles
mented
■
Ry.—Court Fails to Approve
parties."
company
Association,"
added:
V.
After
1942, and
follows: Feb. 1,
as
and
Southwestern
the
hundredweight during this
the largest milk producer
cooperative in t|he New York milkshed paid."
The statement denied that Sheffield restricted
Its purchases of milk
.
Interest Payment-
share 011 the
per
May. 1,
on
Payments during 1941 were
1,-17 cents;-Aug.
May
cents;
—V.
declared
have
stock, payable-Nov. 2 to holders of record Oct.
common
Louis
St.
It
average
Kansas
R.
J.
F.
membership, the Commission asserted, was limited
delivering milk to one of the company's 65 receiving
New York, New Jersey,;, Pennsylvania, Vermont and
Mary¬
Association.
By an order entered by the Court Oct. 14, the trustees were author¬
and directed to pay from funds in their hands all of the face
amount
contracting
asserted
Producers
"During the last
bought more than
ized
-
.
Eastern
for
then of
.
'V^/zv
1941'
$852,779
the
President
; /
Ry.—Payment of Birmingham
General 4s and Income 5s—
Sept. 30,
1942
$1,281,370
with"
by
its own benefit, and not that of the
producer members."
"If you call paying farmers $38,028,657 more than they would have
received
if they sold their milk to our
only comparable competitor,
tion
St. Louis-San Francisco
>
(Robert) Reis & Co.—Sales Show Increase Over 1941—
'
in
land,
,
'
interfered
statement
a
Association's
plants
$30,000;
common
and
issued
producers
.
par
no
Milk
.••-
,
The
to
Co.
8,000
vania.
$588,942; good¬
shares); $269,777; capital surplus, $16,400; earned sur¬
$560,929; total, $1,905,984.—V. 156, p. 166.
-
'(36,000
"dominated
company
in 1922 organized the "Shef¬
which in 1939 became the
Cooperative Association, Inc."
The company
producer-members in New York, Vermont and
Pennsyl¬
; •"•''..
' •'/.;'
'
..
Farms
"Eastern
sion
Royce, would continue as employees of the company, which is engaged
in war production.—V. 155/p. 2286.
; -
had
the
Commission
field
wheat, flour and feed and manufacturing supplies,
on investments,-$2,100; prepaid taxes and
..
it
Cooperative Association,
for
customary between
The
investments; $127,000; fixed assets^
etc., $1; total,. $1,905,984.
"
Co., Inc.—Denies Unfair Competition
at the opening of a
four-day hearing 011 charges against Shef¬
asserting "Sheffield Farms has not influenced the Association
.beyond
the exchange of legitimate business information which
is
always
$19,117;
$2.05
field,
'
:
'Liabilities—-Bank overdraft, secured, $29,815;
bahk loan, secured,
$165,000; accounts payable, $150,713; unclaimed dividends, $150; provi¬
for income and excess profits taxes, $101,000; inventory reserve
Oct.'l£ state that
City
Kansas
(Equal to $2.40 in 1942
share.
common
$325,903
$2.07
Andre
accrued interest
trademarks,
will,
$67,308
$38,044
.
on
inventories of
$670,261;
''
150.000
—,
share———
common
Milk
hand and in bank, $3,456; accounts receivable, trade
$384,991; accounts receivable, other (less reserve), $110,-
(less reserve),
115;
t$36,742
-
profits taxes.
excess
Balance Sheet, Aug. 31, 1942
Assets—Cash
;
per
.,
•insurance,
f
1941
t$21,664
•
for
300,000
The company, charged by the Federal Trade Commission
with unfair
competitive practices in purchases from producer cooperatives, on
$161,558
39.581
—,
dividends
V Surplus
$625,903
1,580,000
614.
p.
Counsel
{ Net
1941
$2,057,808
$327,808
per
156,
Sheffield Farms
7,600
64,800
dividends
taxes,,
taxes—
39,000
Net-profit —$126,045
$1,649
■
profits
profit
226
39,750
*101,000
....
excess
5,060
5,000
383
45,808
•
—
tax
19,076
$42,742
:
23,299
sales of securities—
loss on
5,900
1942
but before Federal
and
jot contingencies—
$273,127
7,237
-
income
30,000
res.
$8,886
$301,440
Aug. 31—
after deprec.,
Federal
•,.
$314,869
4.000
;■
—
remuneration,
tax
!
1
$314,836
fees *—J———_
income
$50,035
J—" : 7,292
fees
Depreciation
1942
,
/———i-—i-t_A_j—'
Total income
•Expense's"
revenue
Officers'
Railway & Utilities Investing Corp>—Earnings—
»
6 Mos. Ended
Profit
Provision
Total
Directors'
16.36
//v- ••■/"•
/
_
226.24
operating
$219.54
184.71
.
t 11.99
share-;————!——
common
$197.60
192.51
-
(W. A.) Sheaffer Pen Co.—-Earnings—
1941
$305,295
Revenue from invests—
-
Per
Co., Ltd.—Earnings-
profit—,
Net
.
Per
AUg. 31~-
1942
company
Class-Of
w_v.
St. Lawrence Flour Mills
v
reported market Values of assets available for each
its outstanding'Securities as follows:. '
• -v
'.
•;
Sept. 30/42 Aug. 31/42 Sept. 30/41
1421
Co.
tenders
Will
receive
Will
be
agent,—V.
156,
tenders
furnished
p.
1244.
as
upon
of
the
request either
♦
*
by
*
Balance credit
♦includes excess
$231,383
profits taxes.
Consolidated
Assets—Inventories
of
/ladb
Balance
coal,
Sheet, April 30,
coke,
TQcnrvu
)
fuel
oil
194!}
and
•'ch
supplies.
-
Iti
hanks
$611,708;
ond *nn
THE COMMERCIAL & FINANCIAL CHRONICLE
1422
Comparative Balance Sheet, July SI
hand, $234,514; investments, $63,632; deferred charges, $27,959; prop¬
erties (net), $959,944; goodwill, $1;' total, $2,406,596.
.
,
> :
.Assets**"*"*'
$379,053; municipal taxes, $14,193;
taxes, $57,920; reserves for depreciation and
obsolescence of buildings, machinery and equipment^ $349,307; 6 y2%ft
cumulative redeemable sinking fund preferred stock ($100. par), $l,r
156,000; common stock (50,000 no par share), $200,000; capital surplus,
for Dominion
total, $2,406,596.—V. 156, p. 871.
$9,Q73; earned surplus, $241,049;
the Spencer corporation reports
■
Sales in its retail stores for the five
Total
deposits—_
*1939
1940
1942
1941
$1,132,282 $1,574,065
'
V;1'"'.'; - ; //.,
;ft—.u———'/' ; 553,906
622,248
Total
ft.■'
—V. 154, p. 452.
,
$578,375
Other income
Prov.
Cr8,440
$205,000
-_••
income
for
of
Portion
taxes
loss
subs,
$546,907
21,153
$482,515
Cr47,633
100,503
ft//-,-ft
/.ft
4,501
Cr58,284
329,532
ft;..
.
•/ 7ft.ft
'
Crl7,392
'•ft/i—ft-
applic. to min. int.—
•profit
from
profit
Cr2,571
|
<
Total
•
$358,056
75,000
$1.19
$472,883
225,000
•
$1.57
$676,068
225,000
$2.25
taxes Of $25,000.
'
Net
ft''ft .ft.,/ ' "ft'/ft;
.ft
income
:
plant & properties,
taxes/etc.
income
profits tax.
excess
■
of
///?■
directors
class
B
record
have
declared
stock,
common
Oct,
21.
and
depreciation
for
amortization
of
payable,
Gross
earnings
Operating
General
9 Mos; End.
.
:Divs.
&
ft l942
Sept. 30—
$3,024,851
$3,605,008
~
taxes..,
/
ft; 139,566 ftft
Expenses
;
1940
1939
$1,098,051 >$1,062,823
75,959
1,122,880
30,569
44,958
income
145,530
150,794
163,074
$1,188,518
$977,932
$871,297
$1,491,693
$4,278,620
$4,772,846
817,858
820,358
'Dividends declared
Surplus
.'
$366,736
received
*Dividends
V
only.
asset
.Net
value.:
of
Number
.
The
$160,074
$50,939
./
//ft
$8,552
429,184
1.769.550
1,949,576
*71,490
*521,100
*517.759
ft™.
//-ft—/—ft/'
27.35
553,357
541,905
546.905
$58.56
$62.97
$62.25
$73.03
/•■ftft,/;
——-
;;
-
//
".ft/;;/,
'
/
>'• ft
//
1942
",ft .ft
$9,017,014
dividends
1941
23
23,610,375
$8,905,531
25,519,752
145,837
--ft-;
and
142,587
receivable—
lft--/kft:V--ft-.ft-ft.
Liabilities—///
payable
Accounts
had
it
company
the
and
$0.21
/
this
"$4,458
,
/ft—
Reserve
™ft/::
for
taxes.
—
Z
Dividerids declared //-/ft■_
/™
tCommon stock _-/—-/ft^
ftl-
48.000
of
43,048
-by
276,678
270,953
1 30,143,185 ft 29,456,177
Surplus/ftft-,-^-™ft-/.ft
2,260,004
of
in
$28,302,623
securities,
tRepresented
shares
/
——
*Cost
by
Judge
541,905
no
par
1942
shares
in
and
in
$29,736,073
and
1941
553.357
no
after
par
•
standard
Siouffer Corp.—Dividend Decreased—
This
24.
110
par
compares
a
dividend of
—V.
July
152,
31,
last,
The
cents
per
share
on
and
25
cents
per
$0.42
Texas.—-V.
Counties,
Oct.
on
announced
9
Trainmen.
March
there
is
Hilliard
to
George
the
had
for
date
each paid on April 30
previously each quarter.
//-ft; ft/'// -ft/-/""-"ft-'.'ft /'./ft/'
Stuart (D. A.) Oil Co., Ltd.—Annual ReportEarnings, Year Ended May 31, 1912 ft'"
$355,037
the
/ft
ft' '■ ftz>: ■"•/
income
1942.
Account
ft'/ft/":
.ft.-'./
concessions."
■;:•
•
■■;/;/.-'ftft-.-"'"ft'ft/ft
Calendar
for
,
:»ft.'.ft'
' ftft.ft.
''-ft'..
Years
:
:■• : 1941' v.-' ' :ft-
$2,775,366
156,
p.
that
on
the
terms
.
1940
'
•••
$2,373,432
1,516,631,
will
of
take
P.
when
I
104
railroads
on
put
strike
into
/•ft-
effect
returned
to
"7/ Crl9
ft/ft/ft 7,792
8,771
$404,601
$377,367
applied to sinking and other res. funds'
/
8,000
7,752
.
$369,615
$396,601
1911
;.;■'/
,
and
$4,004,074
974
2,500
// 540,686
18,000
affiliated companies—
32,420
—ft™™/—Z.
deposits
receivable from
10,772
agents and conductors
receivable.—.
Miscellaneous
accounts
Material /and
37,997
.supplies-™-™™™™--.™,^——
Other /
current
-
Deferred
.
./ft,; 732,113.
:/
assets™—
,
433
1,306
assets
Unadjusted debits
ft.
——————
61,846
$6,091,619
///■ Xistbiliiies—— /;-"/'.-//';///'//''ft/-/.■///;/ftft/:vftft;/ft:/:ft./-////ft*ftft/ft/;ft'ft/'ft'/''
^ftft/A/ft*k-fti
$5,000
ft^ftftftik^™ft/.ALftftft-ft/X/ftft_ftftftftftftftftft.
1,560,000
/Capital
Funded
'debt
Traffic
.
and
Audited
•
Accrued
Accrued
gone
.
unadjusted
Other
4,112
liabilities.^—
fund
equipment-—-.--——^—
405,464
credits..——.
169,464
/ftft" ■ 4,557
52,012
980
reserves
>--.^,5;^
Profit /' and"
2,653,511
$6,091,619
Total
-V.
777
621,631
.
property through income and surplus.
Funded debt retired through income and surplus-
Sinking
7 ft;
/'..
^w-ft^~:-ft-ft^^ft,-kft-i--/:Xft^/,.i.i,M^:
depreciation,
depreciation,
Additions to
to
1,954
32,420
437,443
liabilities
.
/■ft
liability_„r_——i.—'-ft-———
tax
Deferred
121,137
payable.—™——
payable——;
J—™—
un'paid'/^™ft™/_ft™>~ftft-.--ftu^ft.-:/.^-^ft
current
Other
Cr21,157
wages
accounts
matured
■
■Accrued
of
and
accounts
Interest
work.
service: balance—
car
Miscellaneous
/-ft;
as
62,853
62,717
3,611.
case
the dispute.
$448,977
$478,720
debt.
exception
this
possession and operate the
President of the road, refused to
men
$420,795
28,182
$856,800
Dr214,507
21,115
ft^ftftl
funded
balance
Net
by the Office of De¬
not be returned to its
complete compliance with
the
eastern
the
Crl9,942
Balan<^/ft--ftftftft_ftftftftft^-i(ir.kft«,w-.^.j,./' ■ /ft/ General Balance Sheet, ■ Dec. 3J,
Special
before
Class
Cj'19,861
ft $457,605
/,„_
:ft^_^ft-ftftfti,^™™ft-fti™
Dr241,440
648,496
the
immediate
McNear,
$1,148,150
Dr481,578
/Dr228,828
income™.™
oper,
Investments in
Sept,
operated
and
Railway operations.
//'''//ft/';V .ft/ft. //'/ft'ft;ft: /;-1;/:/' .""ft
equipment property™
—™_u-—
■Sinking "funds'
Deposits in lieu of mortgaged property sold———,
/Miscellaneous-■physical'/property
1248.
of
on
Assets—
.
21,
full
Under
from
interestIftftftftftft
Road
standard
applicable
July,
Income
revenue
Income
'•/'//""■■:./:
■
■
on strike Dec. 28.
The ODT had also put into
working conditions of Class I eastern railroads,
the peculiar conditions of this railroad, which is
only 230 miles long.
Under the terms of Judge Hilliard's award, which was submitted
to the Board for review, the wage rates would have been retroactive
to Nov. 10, 1940, which is 30 days after the date when the railroad
gave notice of its desire to change its rates of pay and working rules.
The Board, however, decided to follow the pattern set by the Pres¬
ident's Emergency Board, which secured a national settlement under
which standard wage rates were raised on Class I railroads throughout
the country .effective Sept.
1, 1941, and again as of Dec. 1, thus
stabilizing wages on Class I railroads throughout the country.
/ ft
The
opinion of the Board in
this case,
written by
Wayne L.
Morse, public member, reads in part as follows:
/
/? >
/
"It will be
noted
that throughout the
turbulent course of this
dispute since Pearl Harbor the carrier, despite repeated appeals from
four Federal agencies and the President of the United States, has
adamantly declined to submit its case to arbitration.
In so doing
-the carrier in time of war has shown itself unwilling to observe the
procedures for the peaceful settlement of labor conflicts as provided
in the Railway Labor Act and as provided under the national agree¬
ment
between
industry and labor establishing the National War
Labor Board.
/•/ft..ft/''■- '■■, /ft-"
/■/'■:,;•.■■'■'
"In
effect,; the carrier has taken the position that the matters:
in dispute in this case should be determined by resort to economic
force rather than by peaceful means.
Quite aside from the merits
of such a position in peacetime, it 1$ clear that in time of war with
the nation in great peril no individual citizen,
no
corporation, no
labor organization has the right to take such a stand and to ignore
the appeal of the Commander-in-Chief, as was done in this case. . ^ .
"Nod
only
has the carrier in
this case
preferred a policy of
'rugged individualism' and
resort
to
economic
force,
but by its
refusal'to. appear before Judge Hilliard and participate in the pro¬
ceedings before, him, the management made it necessary for Judge
Hilliard and/ this Board to act without, the benefit of the views and
as
share
/■♦.Net profit for period
21
issue
rates
25,
men
effect
the
with dividends of 20 cents
2085.
p.
15
value, payable Oct. 31 to holders of record Oct.
'
and
$0.48
/
Board's decision ordering arbitration of
main
March
The directors have declared
Board
since
C.
minor
some
ft." Net Incomeftftftftftft^kftftkftftftftftift /
Judge Hilliard was the question of the
retroactive date of the wage increases ordered by the ODT, following
agreement with the brotherhoods.
On July 2 the. ODT ordered the
1941.
156, p. 262.
March
accept the
The
in
Benjamin
President
4,668,157
$32,773,226 $34,567,870
—
1942, and after deducting treasury shares.—V,
class B stock,
438/
decision the Board approved, with the
date, the terms of the award made in
this
retroactive
with
Other.deductions
$2,036,646
$2,305,512
$0.41
p.
which has been
until
in
cents
Gross income
order."
making
the
railroad
Total
and
rules
revenues
Other
Supreme Court of Colorado,
who was appointed by the Board to arbitrate the dispute.
The Direc¬
tor
of
the Office
of Defense Transportation
was
ordered by the
89,000
;
War Labor
railroad,
"unless
featherbed
'
unanimously decided the long-pending dispute between the
and the Brotherhood of Locomotive Firemen and Enginemenft
directive
In
$40,535
ftft/'' 40,901'
61.2
Interest
65,164.
RR.—Abandonment—
Orleans
Transportation
owner
.'//'ft.
' '/
of
•■
■
Other
Oct. 2 issued a certificate permitting abandonment by
of part of its Paris branch between Ennis and Kaufman,
the
/■■//"
198,851
'■■/////.-v /.ft./:. ■.;/.■•■■/■■■' ft/ .'ftftft/-
/-'■;// ;
Brotherhood of Railroad
decision
$32,773,226 $34,567,870
Management; fee ftft—ftft
r'V".
on
National
fense
Total /
ftft'..fcftftftft:
$1,987,971
$991,019
miles, in Ellis and Kaufman
The
Balance Sheet, Sept. 80
;
/♦Securities
Accounts
ICC
ft,,. 7ft///v: •■■'•,•'•'"./'
George
adopted
,
standard
ft Net railway
Toledo Peoria & Western RR.—NWLB Decides Dispute
Between Company and Brotherhood—
546/905
asset value per sh,
operations,
Equipment rents, netft^ft/»ft«ft-^ftwft
Joint facility :rents/.net_/*ft//™,ftftft/
—
shares™—
Assets—
New
&
the company
-
Sept. 30, '42 Sept. 30, '41 Sept. 30, '40 Sept. 30, '39
$32,403,189 $34,124,335 $34,046,392 $39,941,176
,
Net
;,.
Texas
ft 820,358
:
for
to
Total
$4,378,482
1.790,349
287,471
taxes™
,
'/,/
y
Operating expenses
$828,910
821,782
_ft—.
United
from 55 in October, 1941, to '74 last' July,
ft
ft
to the preamble, there was a 45,4%
increase in the
employees on
duty, while the total compensation per
mile paid to employees increased from 42.4 cents la October,
Net
ft;./" *Provisions for taxes only.—V, 156,
Net
the
1941,
21.401
expense
profit
1942."
95f,800
20,020
Earns, per sh. on 4,807,144 shs. cap. stock™
70,840
of
Government
increased
.
Net
the
the
this
$3,399,280
1,223.200
Exp. on outside. props/ & ft-, • jftft ///.ft/;
!;//
■ .ft/ft
.ft^expiQi:atioh/,work./^-ftftft'ftft^ft»'-:ft-ft.-ft-k-1ftft:ft-ft:ft^^«ft:.
Earnings
1»41
;'■■
$1,378,484 *$1,186,833
50,400
63,372
received—
int.
Reserve for
Corp.
of
defiance
Should
train
..
670,522
ft-—ft.ft
costs
and
Insurance
21,
•
the
'
1939 ft:,
$801,151
——-
terms
States.
According
•:
1940
investments.
from
March
/■'/■.,/".
preamble by President
number
y:y-,:ft: ftft':./''■■/ ■/'/■
ft., -
affairs/prevail,
United
Government-operated for the last 6Va months, has
its long delayed annual report for 1941, along with a
preamble entitled. "War and the wastes of the featherbed
rules
had
this
on
and Oct.
1
Aug,
on
holders
to
1941
.
Street Investment
share
per
made
-12.Months-
1942
Lamaque Gold
Ltd. /.ft———:
Mines,
Inc.
$104,257; pay rolls and com¬
missions, $28,862; taxes, other than income taxes, $40,175; Federal
income taxes, $220,624; common stock ($1 par), $300,000; paid-in sur¬
plus. $771,594; earned surplus, $1,538,285; total, $3,003,797.—V. 156,
p. 438, ;
;■ .///. ..:/■;■'.■■.///;
ft,.; y ft/ftftft// :• y /ft, y,7 ft /■'/
State
1,
May
on
8 Mos..
Period End. Aug. 31—
Gross value of bullion-
/
accounts
and
were
the
The preamble drew a comparison of operations between July, 1942,
March, 1942, and October, 1941; and said the number of runs operated
j
Teck-IIughes Gold Mines, Ltd.—Earnings—
Dividends
Liabilities—Trade
last,
cents
50
amount
Order
■':■
-
,
like
////ft/ft'. ft/ft/
tion, $36,545;
total, $3,003,797.
of
1,
on
May 1 and Aug.
last.-r-V, 156, p. 262.
$495,613), $1,234,616; patents and patent license, at cost less amortiza¬
$60,046;
of
payable Oct. 28
value,
par
issue
and cash on hand, $383,027; trade accounts
$19,000), $364,986; tools and dies in process,
to be billed" to customers, $29,327; finished products, $82,488; work in
process, $33,076 raw materials, $493,504; manufacturing supplies, $57;.700;: investment in subsidiary (not consolidated), $113,314;
invest¬
ments and other assets, $77,422;
land, $37,748; buildings, machinery
Assets—Demand deposits
receivable (less reserves of
reserves
Z'/:/ /'/■/
28,
'
(less
$821,108
dividend
a
no
Distributions
Of
the
■
received upon liquidation
../'
Superior Portland Cement, Inc.—50-Cent "B" Div.—
The
deferred charges,
$980,134
Income
of
President
the management
assume
under
deemed'1 in* continued
"For many years, the* business of railroad management has been
increasingly impeded, obstructed and penalized • by an- aggregation of
arbitrary regulations relating to the service and pay of employees,:
Who operate
the trains,
which are frequently referred to as the
'featherbed rules.'
'/-ft'
•
/ft:-'
■■•' •
■. ft:
ft
>'■.»>.,
"These rules
hot: only create numerous soft jobs and something
.for nothing for the employees who work under them; they require
the employment of many
unnecessary men and the use of additional
equipment; they involve wastes and delays of all kinds." ■ ft ft
'
President McNear asserted that ODT's operating rules for the line
88,287
353,103
1158.
state
the
RR/
be
wastes on our railroad, either by taking the
necessary action
itself, ,or by, allowing, us to; do so.; ,Manpower- should not bq waited
merely to enrich labor unions.
ft"
ft"
ft/-.- " ft -ft/v/ftftv
$1,262,499
91,942
771,850
$722,858
tNet
and
Western
must
company,
"are
7ft/ftft/,ft
Balance Sheet, June 30, 1942
equipment
$1,843,926
86.991
156, p,
Board's
needless
;
1,333,400
$2,143,249
etc.
the
P. McNear, Jr., asserted that
by the Federal management after
seizure of the line March 22, "involve wastes and
delays of all kinds."
"We hope," Mr. McNear, wrote, -"our Government will stop the
1940
'■
of
issued
32-page
$1,139,833
•
Board
,
The
.
™———
foreign subsidiary.—V.
a
the
and
this
terms
of
...
.
to cost of sales and expenses.
/■ft"
1941
;
the
Report Hits Government Waste—President McNear
Attacks "Featherbed Rules," Asks Change in Policy—
'ft/ft'',"■.-•ft-"/'
/';. /ftft
'/ft
will
and
connection
assume the responsibility for the management
the railroad in accordance with the provisions of the
295,889
$1,397,033
,
income
'•Includes
of
Note—Depreciation and amortizetion in the amount of $133,050 (in¬
cluding amortization of $3,252) in 1942 and $96,348 haye been charged
.
'
1942
$1,753,775
gross
on
♦Federal
material, labor and factory expenses,
cluding
" :./■"■
operations—.
—
109,745
fAfter deducting cost of-goods sold, in¬
tlncludes excess profits
'Company and subsidiaries,
,
176,117
Affiliate)
hopes, further
Board
Executive
11,961
506,000
yy/
accordance "with
Peoria
and
Directive Order,, it
rules."
Canadian
the
this
and operation of
$639,294
Income, from other sources-—.:
ft 389,474
446,892 ;
341,972
Non-recurring: income: —ft .'7„^;7.,„ ..:: /.—ft—ft •/■■ $281,233
Deprec.
.ftftftft.Iftft'
$380,478
Dividends paid -ft——/ ft- 195.000
Earns, per common sh..
$1.26
Net
of
ft: 9 Mos. End/Sept. 30-- /""ft
34,677
/•,
(Exclusive
Board
of
In
States must continue to
''•
Superheater Co.—Earnings—
railroad in
Toledo,
The
347,420
341,439
railroad.
but subsequently desires to change or amend any of
provisions of the agreement therein provided for, .it has
the procedures of the Railway Labor Act.
: '
unfortunate
35,014
19,711
$1,209,705
the
of
The
the decision
accept
Order
to
the
such
$951,817
1,337
•
back the
Board's
$829,935
,346
'.
—
iftftftftft
ft——//ftft—^...ftftftftft
.Board. sincerely and earnestly-, hopes
and Western BR. will now,
ft'If, however, the carrier is unwilling to
32,789
315,867
surplus ,ft-4..ftftr_—.—ft/ft,
will
control
assume
terms of
recourse
$26,689
176,117
Labor
,the
calls, attention to the .fact that in the: event the. management
takes
the
-35,663
9,020.
506,000
more
just
''
profit™
profit
-payable/™
.
the management
Directive
$1,139,833
43,429
22,820
sales
/National .War
Board
5,574
$40,958
Capital stock (50,600 shares)———
Paid-in surplus "ftft/ft——/ft'—«-ftft..
kwh., as compared with 151,806,000 kwh. for the
an increase of 4.9% .—V, 156, p. 1335,
deductions...-
278,216
6,733
217,731
17,714
44,960
40,931.
Deferred commissions
Selling, gen. and admin.
Operating
once-
54,565
Earned
Other
1—
trade..
payable,
Deferred, income
Standard Products Co.—Earnings—
expenses
•
that
-17,772
of
Customers'
ft
corresponding week last year,
Years Ended June 30—
435,671
/
$1,209,705
Provision for Federal income taxes.
output of the public Utility operating companies in the
Standard Gas & Electric Co, system for the week ended Oct, 10, 1942,
fManufacturing
ft.
Accrued liabilities
Standard Gas & Electric Co.—Weekly Output—
159,254,000
——ft
—
Accounts
ft
Electric
totaled
$115,461
Liabilities-
ahead of the
1941, and for the 44 weeks ended Oct, 3, 1942, 17.39%
corresponding period of 1941.—V, 156, p. 966.
of
"The
„
that the management of. the, Toledo,-Peoria
rise to its responsibilities in time of war.
1941
1942'
<
hand^/™..—,
of
1942, 20.57'ft above those for the same five weeks
weeks ended Oct. 3,
on
—__
t
Again Higher—
Spencer Shoe Corp,—-Sales
and
$249,728
•Customers' contracts and accounts receiv.; net
315,292
Sundry notes and accounts receivable—.™—.;
9,507
"Inventories
-ft—,,.-———*—344,356,
Investments, at cost
11,000
Fixed assetsC net)—,
—J .
231,626
Patents, charts and drawings™—-,—.-.—,,.™
ft
20,149
"Development equipment and expenditures
ft
24,998
Prepaid expenses-———.—ft,
/' '■ 3,051;
payable,
Liabilities-—Accounts
provision
*1
Cash ,'in banks
Mbirday; October 19, 1942
-
156,
1246.
p.
Tonopah & Goldfield RR.—Sold to Salvage Company
.
Provision for Federal income and
/
Net
excess
profits taxes.
205,805
profit
'/ ■,' $149,231
/.Preference .'dividends
1
.ft— ■'■ ";■• - 32,485
Common .dividends. —■ •':. 18,000
"After providing $16,939 for amortization of patent and before taxes.
Balance
Assets—Cash
/
balance
'(less
at
of
hand
$39,490),
reserve
cost,
on
in
bank
(including
accounts
and
and
Canadian
notes
for bad debSs of $6,500), $160,900;
$327,037/ drums
./"/:■"/ ' ft
Sheet, May.31,.1912
and
$177,721;
other containers
■
currency
receivable,
trade
merchandise invencory
(less reserve), $49,863
advances and prepaid expenses, $6,597; life
insurance, at cash surrender
(Canadian currency), $7,223; land, $29,064; buildings, factory
equipment, office and laboratory equipment (less reserve for deprecia¬
tion, $28,111), $127,616; patent at net value acquired from the pre¬
.
-value
decessor co.,
$227,164; formulae and goodwill, $1;
total,
.
$1,113,185.
Liabiiities—Bank loan, secured, $90,000; accounts payable and accrued
charges, $97,597; provision for Federal taxes, $210,000; dividend payable
June 1, 1942
(Canadian currencyi, $26,036; reserve for amortization
.
of
patent, $101,637; cumulative participating preference shares (40,181
$401,810; common shares (30,000 shares), $25,488; earned
surplus, $160,617; total, $1,113,185.
Note—The above balance sheet is stated in U. S. currency with the
fihares),
exceptions indicated.~V.
156, p.
438.
contentions
Super Mold Corp. of California—EarningsYears Ended July 31—
/
-
Sales, incl. non-oper, rev., less discts. and allow.
Manufacturing, gen, admin, and other expenses
-1942
1941
$1,314,866.
1,105,799
$1,066,704
-
900,375
bef,
deprec., amortiz. and Fed. inc. taxes
Depreciation and amortization—ft—
provision for Federal income taxes—/
$209,067
$166,328
33,324
54,565
30,420
32,788
$121,177
$103,119
.
:
profit
!
fair
the1
carrier
on:
the
merits
the
of
issues
in
Hilliard
.
the
American
way
and
in
accordance
,
with
democratic
processes.
Toronto Elevators,
record
Nov.
Ltd.—$1 Interim Dividend—
declared an interim dividend of $1 per share
stock, no par value/ payable Nov. 9 to holders of
A like amount-was disbursed-ott *Jan. 15, -last, on
directors .have
the
on
common
30.
Oct.
1941,
17,
and on
Dec. 7,
1940.—V.
154,
p.
758.
Trans-Canada Air Lines—August Traffic Higher—.
,
August traffic figures for: this
services, passenger, air/ mail
three
company showed increase in all
and air' express, according to the
line carried 9,584 passengers in August,
and 300 over August, 1941,
It carried
.208,617 pounds of mail, an increase of 15,646 pounds over July and
179,190 pounds more than in August, last year.
Express shipments
monthly traffic report.
The
an increase of
144 over July
dispute.
had
a
The
amounted
and
ahy" other* choice.
For this the carrier alone,
because* of its refusal to cooperate by, appearing' and presenting its
case,
must bear the full responsibility.
ft.
"However, despite the unfortunate- circumstances occasioned by the
uncooperative attitude of the carrier, this dispute .has been'settled
in
Net
of
Labor Board, fully conscious of its responsibilities
equitable adjudication of labor disputes which can¬
not be, settled by mutual agreement, has no liking for the task which
/has been trust upon it in this case.
To any fair-minded person the
necessity of finally determining a dispute ex parte is an unwelcome
burden.
Nevertheless, in the instant case neither the Board nor
"Judge
Inc.
ft
National War
.for-the
sale
Inc.,
■
The
.
the Tonopah Mining Co., Nevada, have announced
of the Tonopah & Goldfield RR. to Dulicn Steel Products,
West Coast salvage company.
The salvage company had
agreed to purchase the railroad if 90% of the 10,453 common shares
offered, and 95%■
were offered and accepted at $29 per share.
The Tonopah Mining, /Co.
owned 7,820 of ^he / outstanding com**
mon
shares and will receive. $226,780 for their stock.
■"
ft ; .•.//
Dulicn Steel Products,
Inc„ deposited $310,000 in a Philadelphia
bank to cover the offer,
and will now seek Government * approval
to scrap the railroad.—V. 156, p. 1246.
directors of
The
the
!and
p.
-
to
$16,966
92. ''
'
38,835
pounds,
pounds over
/•'.
an
increase
of
5.512
pounds
over
July,
the corresponding month in 1941.—V, 155,
•
•'„
'.''/
Transcontinental & Western Air, Inc.—New Record--*
month in, ;the history of this corporation Was
with .a record of 482,982,000 pound; miles flown;
This was exclusive
•of the Special cargo operations*being, conducted-by TWAf for the army
''•air*transport 'command
•
-.
. / ,/ /
- , *
ft; .The *record was 18% ahead/of /July.-andft 169 % ftever* August; 1941,/
Mr. Conroy reported.
•
The
best
air
express
marked up in August
Vr P.
Conroy,
Traffic/ Vice-Presideni,: announced.-
United Air Lines Transport Corp.—Passenger Traffic
7% Above Year Ago—
hauled1 through Januarypy 135%.—V. 155,
■ '
-• •' ■■
"• '■v
'
'
'
Earnings for Six Months Ended. June 30
report-showed
The
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4117
Volume 156~
the; poundage
that
AUgust this, year,,bettered .the like, period .last-year,
p. 2287.
'
J
'
. J
.
after provision for taxes--—
per(.share———--.
1942
6 Mos/End. June 30—
-
Net profit
Earnings
!
*Loss.—V. 155, p. 2287;
,
.
,
Or
and
Expenses
1942—9 Mos,—1941
1942—3'Mos.—1941
Sept. 30-—
$805,887
$2,103,350
447,703
$304,485
187,620,
~
134,460
deprec.^J
$834,846
375,121
32,943,600
Mr. Crary
Mail and
income
Total
Fed,
$459,72$
15,637
8,003
$1,571,284
$164,675
$624,821
income and
$467,728
excess
profits taxes —.1^
100,000
profit;;'
"Earnings per share,—r .
$69,821
.$0.52,
- •
;
* 1,280,000
300,000
$64,675
$0.48
555,000 ;
Net
$291,284
$167,728
$2.16
$1.24
,
capital stock.—V; 156,
134,965 shares of
*On
6,554
;
$1,555,647
$170,025
Dr5,350
$618,267
Oper. profit aft, depr.
Other income
p.
Express Traffic Also Higher— >
;
^
increase of 97%
]Rental
Trion
,■
Co.—Registration Statement Amended-—
The company has filed
tion
statement
with the SEC
stock, par value $100 per share, is changed to 5,496 shares from 6,000
on
application;
The underwriters and the number of preferred shares which each
has agreed to purchase are given as follows: .Courts & Co., Atlanta,
Ga.i 1,000; R. S. Dickson & Co., Inc., Charlotte, N. C., 1,000; Kirchofer
& Arnold, Inc., Raleigh, N. C.,, 950;
Milkous, Gaines & Mayes, Inc.,
Atlanta, 500; Wyatt, Neal & Waggoner, Atlanta, 500; Brooke, Tindall &
Co., Atlanta, 4501 J. H. Hilsman & Co., Inc., Atlanta, 450; RobinsonHumphrey Co., Atlanta, 400, and Clement A. Evans & Co., Inc., Atlanta,
This compares
shares
named
in
246 shares.—V.
the
original
156, p. ,702.
the
15,
last,
.
Period End. Sept. 30—
sales after deduct-
•::
The
Department,
Navy
on
of
13
Oct,
five
took
subsidiaries,
Co.,
nance
over
of
orders
on
President
Roosevelt
those
Loading Mills Corp.,
the Elk
Del.;
Ord¬
of Elkton;
agency
statement
A
bribery in
$1,000,000.
Charges of
more than
on
totaling
from
/ ^
White
the
said
House
Other
that,
fore
Bond
:
in
addition to
Mr;
by
numerous
The
•
"service
fees."
control
the
of
■
-
directing
■
the
plants justified it as
Navy
7'
to take possession and
to enable them "to be
White
House
'.'.v-
.7;. %'%v/',77%
'-"77,
Triumph Explosives, Inc., on Oct. 14 stated,
part:
77
Gross
Int.
in
a
C.
V.
this
2961.
directors
The
7;7/;7.
10
1
after
Net
Sept. 30—
$2,551,205
$1,513,143
expenses
39,539
Other income
1942—9 Mos.—1941.
51,971
.
.
376,051
$1,644,008 $11,940,211
555,437
491,867
2,088,401
"y
195,000
167,834
1,510,002
2,106,040
127,680
.
,
Cr34,315
Crl3,698
$714,585
$8,023,291
$5,484,168
43,077
205,219
9,803
7
chgd. to const, v
13,806
Cr9,266
$865,529
7;.
min. :
to
;
41,553
,
7.."'
Total
$6,654,336
$5,331,231
131,240
135,532
profits
•
tax
of
Earnings
900,504
!
■
Union
per
•
$502,237
$935,012
$1,139,082
$2,552,226
734,300
734,300
734,300
734,300
$0.68
$1.28
$1.55
$3.48
.
—
Federal
1942
income and
proposed Revenue Act of
1062.
excess
1942
profits taxes, were based
as passed by
the House.—
bounty Corp., Elizabeth, N. J.—Liquidating Div.
have .declared
a
liquidating dividend of
1.039
cents
capital stock, payable Nov. 2 to holders of record
10.
This
ment
2,469,862
stock
share .on the
Oct.
5,196,670
$1,552,682
excess
share
directors
The
1,519,939
-
—
com.
Note—In
$5,466,763
444,675
-
per
upon the
V. 156, p.
449,824
—
Net profit
Shares
$6,785,576
148,225
—
-
income and
Fed.
$2,603,176
149,941
——
income
corporation was;organized in New Jersey in 1928 as an invest¬
company.
•
-
a
production
ceased.
substantial part of total output.
of such goods,
Now it amounts
it was said.—V.
except
to
156,
where
probably
p. 439.
On
priority
not
more
directors
c.yyy
$823,976
provisions
Act
for
Federal
1941;
of
r-
:;'::7
Earnings of Company
y
1942—3
Oper. revs., natural gas
$1,678,506
1,374,948
1942—12 Mos.—1941
$1,522,990 $10,686,411
14,616
—_
taxes
approp.
res.
1,340,197
%
4,555
181,297
expenses
taxes
7:7.%; "'':7 '7.; "7
Only
Mos.—194l!
171,652
102,400
102,100
April 30—
7,461,081
791,158
741,733
654,800
$9,562,284
6,953,599
428,606
$5,043,580
4,665,557
$6,587,015
;7,878,715
5,927,331
$2,362,513
5,102
$1,340,481
21,938
$659,683
23,956
$378,022
$2,367,614
$1,362,419
$683,639
$396,072
8,798
11,101
4,713
5,873
—
income
notes
interest
and
payablecharges^
,5,467
Net
profit
surplus
Preferred
Common
7,104
1,817
.
carried
....I
■
venture
Mengel Co.
-
18,050
121,932
expenses,—
Joint
on
with
-
Prov. for Fed. inc. taxes
1454,000
11,367,500
to " '7'7
7'7
299,870
$3.85
.%'•
'
$544,168
64,419
■
•
69*857
;
124,800
■'
$781,774
44,886
282,429
$3.28
$992,829
30,341
dividends-—
dividends
Earns, per common sh-
■
117,009
$308,010
64,195
:
$2.46
$1,2?
"In connection with experiments with Vidal Process,
le§s related in¬
come.
tExcluding subsidiary companies.
+ After
deducting discounts,
returns and allowances.
Ilncludes $894,200 in 1942 and $144,000 in
1941 provision for excess profits tax.
•
' -.-y-;'
Consolidated Balance,
Assets—Cash
banks
in
and
Sheet, April 30,
L!>4'3
hand,
$731,508; notes and accounts
accounts, discounts and freight
allowances of $218,532J;
$1,416,035; inventories, priced at the lower
of average cost or market, $2,366,973; prepaid insurance, taxes, rent,
etc., $136,787; investment in Kosmos Timber Co., $396,006; other assets,
$190,388;
land,
buildings,, leasehold
improvements, machinery and
equipment, warehouse, office and delivery equipment (less reserve for
depreciation and amortization, $881,864), $1,750,033; timberlands, rights
to
standing timber, etc.
(less depletion and amortization), $88,754;
total, $7,076,534.
on
receivable (less reserves for uncollectible
660,883
656,000
11939
f 1940
$9,219,196
11,296,666
on
'"Cost
:
7
$13,659,179
Total
.
(& Subs.)—Earnings1941
profit from oper—
Net
Int.
Corp.
1942
sales and exps._
150,648
Liabilities—Notes payable to
710;
banks, $400,000; accounts payable, $558,-
liabilities, $301,767; provision for Federal income and
profits taxes (less U. S. Treasury tax notes of $401,040), $1,002,573; mortgages on certain properties, $75,952; $1.50 cumulative con¬
vertible preferred stock (par $20), $404,520; common stock, (par $1),
accrued
excess
Net oper. revenues
income
(net)_—
Other
$5,245
1,805,318
t$95,514
1,475,518
$1,037,639
8,900,757
$863,196
6,632,789
——
$1,810,563
$1,380,004
debentures-
501,525
501,525
$9,938,396
2,006,100
$7,495,985
2,006,100
notes and loans
Interest
Int.
on
428,183
428,183
1,698,771
1,718,937
Other
interest
9,911
10,069
104,932
144,289
Other
deductions
2,091
3,507
12,880
,$868,853
$436,720
$6,115,71b
tion
and
sidiaries
$3,617,730
representing balance of surplus at organiza¬
underlying book values of capital stocks of sub¬
acquisition over cost thereof, $1,098,976; paid-in
$1,-124,517;4 earned surplus,
$1,859,627; total, $7,076,534.—
excess
at
date
of
of
8,929
on
Net income
"Provision has been made In .the above statement for Fed¬
of
ended Aug. 31, 1942
approximately $69,000 and $186,000, respectively, additional to the
the Revenue Act of 1941.—V. 156, p. 1062.
amount required under
surplus,
V.
156, p. 1159.
(>■.■
Unitcd States Steel Corp.- -New Plant Soon in
ation—
Oper-
■
More
than
8,000 men are now employed in construction of the
tremendous $150,000,000 Geneva works, near Provo, Utah, one of the
nation's
largest steel plants, it is announced. The Columbia Steel Co.,
subsidiary, is constructing the giant plant for Defense Plant Corp.
announcement further states in part:
The Geneva works is scheduled, to produce pig iron by next April.
However, the first material increase in Utah pig iron production will
occur as early as December of this year, when a second blast furnace,
now being installed for Defense Plant Corporation at Columbia's Irona
Dissolution—
SEC to order dissolution of the corporation
Public Utilities Division to meet provisions
of the Public Utility Holding Company Act was
challenged by the company at oral argument before the full body of
The
authority
as
recommended
of
Section
11-B
of the
by
the
(2)
the Commission Oct. 8.
Depreciation
75% of the company's sales of $10,In the early months of 1942 such busi¬
over
of total business,
Other income
$9,437,432
28,240
/
deductions
Prop, retir.
(deficit),
Machinery Corp.—Bank Loans
United States Plywood
$9,201,599
235,833
6,836
United Corp.—Contends SEC Has No Power to Order
(& Subs.)—Earnings-
Co.
$1,637,172: $11,564,160
1,932
$671,508
$7,818,072
$5,333,520
taxes for the three months and
twelve months ended Aug. 31,
1942 of approximately $499,000 and
$1,500,000 respectively, additional to the amount required under the
Other
cred¬
have declared
a
dividend of $1.25 per shave on
of accumulations on the $5 cumulative 1st preferred stock,
value, payable Oct. 27 to holders of record Oct. 22.
A' similar
distribution was made on .Sept. 30, last year, as compared with $2.50
on June 30, 1941, and dividends of $1.25 each on March 30, Sept. 30,
Oct. 24 and Dec. 27, 1940.—V. 156, p. 349.
11,021,146
195,000
1,500,000
"Federal
sundry
par
1942
eral taxes for the three months and twelve months
voted to omit the dividend ordinarily pay¬
1942—3 Mos.—1941
2%
or
account for
available,
are
Other
48,750
tLoss.
on
Underwood Elliott Fisher
period Ended
$119,911
12,686,067
2,914,543
$1,847,185
Balance
share in orecedina auarters.—V. 156, p. 1158.
cents per
2,895,197
375,000
Operating
to
+Net sales
48,750
Revenue
to
V.7..:>
civilian goods.
however,
18,
Cost of
375,000
applic.
interests
•
the common stock, par $1.
Distributions of five
made on May 1 and Aug. 1, last, as compared with
each were
cents
Oct.
on
1
71:
$1,095,816
debentures^
on
"Includes
company.— ;
(The) Udylite Corp.—Omits Dividend—
able about Nov.
$7,500,000
Avere
The
1
■
■
Balance
;
payable
long-term debt, $381,767;
property rehabilitation and
on
account
no
122,141
(& Subs.)—Earnings-
Z'J-;- $1,845,253
Portion
v
accounts
accrued
$249,892; capital surplus,
was
'
depict.
Gross income
elected a Vice-President of the
' -'.V/ ; • 77,■" ...77 7 ■:" v 7 7.77
he
year,
p.
t$2,230
559,884-
mtge. bonds
on
Interest
company
118,
$535,932
47,623 ,:
'
Other
recently announced the election of Elmer L. Ford as
director to fill the vacancy caused by the recent death of Arthur
Tozzer.
Mr. Ford has been with the company since May, 1909.
In
May,
&
Other interest
surprising
Turner Construction Co.—New Director—
The
-
coll. trust bonds
on
■
U. S. & International Securities Corp.—Accum. Div.—
Cr28,774
$72,888
885,964
appropr.
income
interest
777 7-. r 77.^7; ,77:^7:7V777
developments in connection with this company s
•affairs, which have received much publicity during the last few days,
would seem to require a brief statement from this firm.
Although it
was our former
New York correspondent firm, which together with
certain other firms acted as original underwriters of the two public
offerings of Triumph Explosives, Inc., common stock, we recognize a
sense of responsibility to the many dealers and stockholders who have
since dealt in or purchased shares of this stock.
Neither this firm,
or- its
President, Van Dyk MacBride, who is a director of Triumph
Explosives, Inc., were previously aware of the situation, but it is now
our intention to follow developments very closely, and to take all steps
which may appear possible to protect your interests.
77
"We are advised that the company's current production continues
at a high rate, and that from that standpoint there is no criticism
from any official source.
Earnings are understood to be running at
an excellent rate, both regular and extra dividends are being paid on
the stock, and the financial condition of the company may be described
as sound and satisfactory.
It is therefore our opinion that no present
stockholder should become alarmed as to the value of his investment,
but rather should feel that the steps now being taken will ultimately
result in a strengthening of the company's position and a correspond¬
ing addition to the investment value of his stock."—V. 156, p. 1335.
"The
■
C"7,909
7
$209,852
retire.
Interest
me
77
improvement of nearly $1,000,000, it is stated.
year
orders
Loss
MacBride, Miller & Co., Newark, N. J., in a notice to
dealers, stockholders and others interested in the securi¬
ior
over
Net oper. revenues^-.
Other income
(net)
'
for another six
interest
:?
continued
April
Consolidated Income Account
reserve
$565;
deposits,
$2,163,500;
total
a
Last
850,298
Period Ended Aug. 31—
1942—3 Mos.—1941
1942—12 Mos.—1941
operating revenues
$12,309,954 $10,660,959 $55,807,421 $45,933,713
Operating expenses —U
5,011,353
4,548,770
20,167,796
18,999,686
Federal taxes
*1,328,247
435,060
*6,800,691
2,446,634
Other taxes
1,227,972
1,125*414
4,588,707
4,264,648
Prop,
$5,944
yruvasiuns
Since March 31, last, the company's bank loans have been reduced
by $750,000 to $3,000,000, and cash has risen approximately • $200,000,
than
(exc.
amt.
prin.
United Gas Corp.
stated,
six months and was renewed last April 24
ties of
20,000
356,700
purch. of co's.
bonds
sinking tuuu
7
Balance Sheet, June 30, 1943
7V%■.
Years Ended
has been awarded the Navy "E" for produc¬
achievement, and - the. government is anxious that this record
should not be interrupted.
The original award was made Oct. 24,
months,
20,000
♦Computed on basis of rates presently discussed for the year
by the Ways and Means Committee,
tDeficit.—V. 156, p. 967.
The Triumph company
for
89,272
Surplus
at
end
of v;
7., "7;;:. 7;7":': -.;V:''7
periods
-—$1,095,816
$119,911
tion
1941,
$78,268
87,221
V
necessary
•
the
$979,853
29,264
176,700
_
Net, income
A. B*
inter¬
ruption
plants
would be returned to ihe company management as soon as competent
officials satisfactory to both the Army and Navy are available.
'T
"Continuance of the present management under conditions disclosed
by the Navy investigators was regarded as endangering production
basis,"
51,533
$114,242
$5,039
for interest charges and
year.
debt,
ness
Surplus at beginning of
7 periods.
have been placed in charge of Commander
acting for the Army and Navy.
There will be no
of production;' and the White House stated that the
full-time
99,707
$415,626
cost' thereof)
-
plants
a
21,707
normal
-
McCrary,
on
$129,801
29,074
Fed.
67,361
%
certificates, $216,350; reserve for
replacement, $35,000; capital stock ($1 par)■; $34,130; surplus
$892,744; total, $1,967,623.—V. 154, p. 340.
for
interest.
taxes
S.f.
of
efficiently and safely operated in the manufacture of the kind, qual¬
ity and quantity of war material" called for in contracts with the
United States government.
The
$1,079,560
750
$96,179
22,874
59,181
profit '
term
278,657
accepting bribes in the guise 61
with
iy'
order
fr.
5%
r
„
■■■,
executive
The
Prof.
instances
V--:
inspectors are charged
r ■
bond
income
of the- Navy, procurement • office. which
of bribery in the Triumph company
section
renegotiation
the
management."
294.269
$95,429
734
■
23,386
United States Hoffman
interest
?Prov.: for
Decker, FBI agents arrested J. A. McCambridge and A. P. Fabrizi, until
recently civilian Army: inspectors at the ' Triumph plant; Reginald
Gregory, chief civilian Navy inspector there, and Frank Poughkeepsie,
formerly employed by the Army at the Aberdeen proving grounds
and
subsequently
employed at Triumph.
. ,
The White House said that the arrests "resulted from an audit
uncovered
95,458
be¬
oper.
$86,873
,
*$87,607
Reduced—
(net)
from
depreciation-
scrip
$135,949
$446,461
30,835
amort,__
charges
Profit
alleged irregularities
with
connection
&
69,587
itors, $30; insurance premiums payable, $1,374; accruals, $27,652; long-
408,458
after
oper.
deprec.
Co.,
Co.,
of
interest and
Liabilities—Lease
■
1,373,830
*
1941
$165,016
65,627
.
(less accrued depreciation reserves, $228,722), $1,069,221;
equipment
(less accrued.depreciation reserves, $175,453), $7,552; deferred expense,
$18,994; total, $1,967,623.
.
231,407
98,823
1942
$152,500
.
Assets—Cash, $41,216; accounts receivable, $235,846; mortgage re¬
ceivable, $20,919; interest accrued, $134; land, $573,741; buildings
and
Profit from store
Defense
tors
545,284
—/
to store & agency oper.
of Chestertown, Md., and the Maryland Display
Fireworks
Elkton.
(.,
Simultaneously, special agents of the FBI arrested Josef Ben Decker,
Executive Vice-President of the company, and four civilian inspec¬
Kent
.
..
ox
'
Corp.—Earnings—
income
•
"Available
1942—9 Mos.—1941
v
■
.
Depreciation.
Decree. & amort, applic.
the company's plants it Elk ton, Md., and
the Milford Ordnance Co. and the Sussex
Milford,
at
acting
operations
agency
Z
Triumph Explosives, Inc.—Plant Seized by Navy—
Total
current
.
..
and
store
,
income
.Net
ing stamp & sales tax. $14,178,627 $12,771,422 $39,861,273 $35,422,625
from
;
_
(& Subs.)—Earns.
1942—3 Mos.—1941
•'
■„1
7
Interest—mortgage bonds.
Net
;
Profit
Z
Stores Corp.
common
companies for the week
kwh., as against-111,823,134-
,
;
.
United Cigar-Whelan
1335.
p.
Net profit before
stock, no par value, to holders of record Sept. 30.
with 10 cents each paid on Jan, 15, April 15 and July
15 cents per share previously each quarter.—V. 144,
7.7,
■
and
he
case,
increase of 7,724,661 kwh..
an
Other income
common
122.
p.
156,
year,
•
United Bond & Share, Ltd.—Larger Dividend—
The corporation 'on Oct. 15 paid a dividend of 25 cents per share
in amendment to its registra¬
cumulative preferred;
the
in
for the
system
119,547,795
1
f
by which the total of shares of 7%
totaled
1942
0peratlng: and administrative,; expense
'
' v;\
10,
United Post Offices
the 642,384*934 pound-miles flown in same
over
1941.—V* 156, p. 967.
Hickey
6 Mos. Ended June 30—
'
an
Oct.
m„the same week last
:
6.9%.—V.
September air express figures for the United Air Lines showed con¬
large cargo gains, reflecting the substantial use heing. made
of air express and air mail to speed the war program, according to
"C. P. Graddick, director of the line's express mail freight department.
The corporation flew approximately 714,238;000
express-pound miles
in September,. a- gain of more than 133% over the 306,282,994 miles
flown in September, 1941,
This was exclusive of cargo flown by the
company under Government contract.
Mail pound-miles flown, in
September totaled about 1,267.142,000,
month of
by
>
.
or
shown
J^tectric output for the UGI
ended
tinued
1158.
values
United Gas Improvement
Co.—Weekly Output—
,
.
the
common stock of
the corporation.
The record
said, however, shows a '-substantial'equity remaining
stock,—V. 156, p. 1158.
same as the 28,388,072 flown in August and 14%
flown Jn September, 1941..
pointed out that this September's decrease was attributable
to turning over certain airplane equipment for ^ military operations;
and the use of a larger percentage of the fleet's space for express.
the
down
for
approximately the
under
*
Period Ended
operating proper*
division* he said, had whit¬
to a point where they will
agree with the division's argument that
practically no equity remans
tled
During the first nine months of this year the corporation flew
approximately 21,314,065 revenue passenger miles* according to Harold
Grary, Vice-President in charge of traffic.
This represents almost a
7% increase over the corresponding period of 1941, when 204,919,024
revenue passenger miles were flown.
September's estimated revenue passenger mile total was 28,401,200*
Transue & Williams Steel:For&ings Corp.—Earnings—
"Gross, profit
company's assets based on earnings of underlying
ties is not less than
$231,817,000.
The
,
1 1941
*$693,049
*$0.7,3
■
$498,216
$0.52
1423
The official
ton Works, near Provo,
will go into production. ,This furnace was
recently shipped from Joliet* 111., to Ironton, and is now being enlarged
company
Smith
said
that
be
the
valuation
evidence
must
be
considered
and
that
specific finding of value*
He said the record shows
that, based on underlying book values of the principal securities in
its portfolio, value of United's assets was $193,000,009 on a consoli¬
dated basis as of Dec. 31, 1941.
He said the testimony of William
M.
Hickey, engineer and consultant, was that the value of the
there
must
a
modernized.
and
Joyce Smith, counsel for United, declared dissolution of
is. neither required nor authorized under Section 11-B
(2) and stated that Congress did not intend that Section 11 should
confer the power of ordering dissolution.
Counsel for United urged the Commission to consider the com¬
pany's plan for voluntary reorganization by ridding itself of the
possibility of controlling any of its statutory subsidiaries.
If this were done, United Would cease to be a holding company
and would be converted into an investment company.
By eliminating
control you solve all problems raised, he told the Commissioners.
"We. are willing to consider any reasonable method of changing
voting rights and recapitalizing this company," Mr. Smith-added.
Challenging the division's criticism on the evidence of value, Mr.
Richard
the
Officials
Geneva
of
works
It.had
Columbia
and
ahead of schedule,
been
Steel
inoperative at Joliet for several
Co.
said
that
the
new
years.
construction at,
the
Geneva coal mine were well
Actual production of steel is expected to commence
development
of,
May, when the first open hearth furnace will be completed and
lighted. Additional open hearth furnaces will be in operation shortly
in
thereafter
plant's structural mill will be in operation by June, as wlll be
slabbing mill, and steel plates for the nation's shipbulding
will be rolling off the plate mill by June.
Already Geneva works is beginning to take shape. Most of the 60
miles of spur track within the plant site has been completed.
Founda¬
tions for the large blast furnaces, coke ovens, and other permanent
The
the
big
industry
installations
are
complete.
;
coal mine,
which will supply coal to the new plant, will
Six and one-half miles of railroad, to
haul coal from the mine to the plant, have been completed. The vehicle
highway, from Columbia, Utah, to the Geneva mine in Forest Canyon,
The
start
has
Iron
Geneva
production this month.
finished.
Facilities for increased production of iron ore
Mountain, Utah, have also been completed,—V. 156, p. 1247.
been
at
•
.<,
THE COMMERCIAL & FINANCIAL CHRONICLE
1424
tProvision
Virginia Public Service Co.—Definitive Debentures—
The
fund
Manufacturers
debentures,
bonds
due
attached,
coupons
at
its
1942,
Co.
1,
May
1957
being
are
that
announces
with
1.
Richmond
(Va,)—V.
ancl
for
temporary
to
at The Central
or
the
Dec.
income
Act.
Walgreen Co.—September Sales Up
as
current
Sales
$8,465,846
—
—V.
156,
in
15.6%—
1942—9 Mos.-—1941
$7,322,326
$71,124,006 $61,572,666
The
information
the
of
Brothers
Warren
Co.—Election
Take
to
tribution in Cuban Bonds Under Plan of
the
Under
natives
A
of
notice
addressed
Dis¬
to
by Charles R. Gow, President,
./■'-'..
'•
\
.-ft
provides that distribution shall be made
debentures
and
ncites l and
other
allowed claims
as
-—'-'.ft
•' -ft,
-ft' "ft
holders
of
•'
Holders
—
of
10-year
5% V*
sinking
fund
gold
notes
of
pld
the
company will receive
for each $1,000 in principal-amount of their
claims and accrued interest thereon,
through July 31, 1941, $680 in
principal
in
$680
of
principal
and
pany,
in
amount
amount
cash
a
of
amounts
series
bonds
A
series
of
adjustment
less
than
reorganized
of
bonds
B
payment
of
$10)
the
of
the
reorganized
of
ft"ft. -
Holders
will
company
claims
of
and
convertible
receive for
accrued
6%
each
similar
a
cash
Holders
i,3)
claims
based
upon
securities
is
$200
adjustment
of
based
allowed
sold
than
company
amount
of
of
scrip
securities
by
will
(3)
of
of
the
old
election,
based
(all
company
of
to
surrender
upon
plan
and
equals
allowed
receive
reorganized
/"./„"''
each
permits,
and
notes
exceeds
or
claims
for
also
$2,000
the
in
amount
their
of
at
allowed
the
External
Debt
of
the
Republic
of
Cuba
in
principal amount of the 4'/a ft bonds of
Republic of Cuba 1937-1977, together with
the
,
to
interest
to
the
by
the
electing
so
series
subject
less
shall
to
than
the
as
B
to
bonds
avoid
of
before
elect
may
the
which
to
of
scrip
ft/ft"
holders
receive
of
has
claims
whose
distribution
under
Elections
election
will
notes
and
.../
aggregate
the second
1,694,880
Uncompleted
■>.ftft.:;.-
..
ft.
.•
Months
Eight
Ended
31
Aug.
Provision
—v—————————'
Operating
Gross
for
on
.
.-..ft.,
ft
''-".'A:ft?.•.'
Federal
assets
with
31,
of
to
.
ft
——
812,903
129,486
$584,520
(H.
R.
been
bill
estimated
of
7378).
1942
in
$274,961
Profits
war
on
the
on
accordance
amount
the
of
funded
with
debt
the
$319,066
is
plan of reorganization
Charles R.
-Aug.
31,
9,750
3,058
1,946
—_
and
is
This
is
exclusive
of
the
of
above reported,
the
of
Sundry
trustee,
tire
the
$31,641;
cash
Bank
loans were
contracts
528 of
subject
are
April 28,
to
reduction
in
of
$53,412
becomes effective.
a
the
when
and
the
beginning of the
reorganization.
cash,
$694,615 of
will
required
meet
to
business
wholly-owned
income
be
Net
and
in
after
depreciation
156,
p.
in
a
provisions
of
the
paid
prospect,
during
the
the
eight
maturities.
In
order
parent
company
to
volume
and
its
months
ending Aug. 31,
purchases of plant and equipment resulting
net increase of fixed
assets
of $141,496.—-
AVayne Pump Co.^—Earnings—
Dividends
received
Dividends received
Total
*
Aug. 31—
1942
1941
$806,441
————
from
$832,874
ft
English subsidiary
28,146
from Brazilian subsidiary-
50,103
$884,690
—
Federal normal tax and surtax
(est.)
cap.
on
"After
foreign
all
common
credits
12,075
one-
1,635
6,280
187,500
yeaf-.-ftc-^-.
245~000
charges
subsidiaries and Federal income
19,300
Cr653
Dr3,489
of
and
surplus
a
—.
provision for Federal taxes on income for the year ended
has been calculated at rates Specified in the Revenue
If the proposed Revenue Act of 1942 is made applicable
year
corporations, the additional taxes would amount to
1942,
1941,
fiscal
Cr216
-$100,476
$127,430
$101,863
60,000
40,000
"$174,651
ft:; ft
for
56,752.
share
per
87,500
capital stock
of
/ft .'
./.'/-ftft ft
depreciation and
$70,842 in
Balance
',
•
in
1942
$1.78
and
('ft1': 'ft; 'ft."
'ftft-:''
amortization
,
Mortgage
1732.;.y.-.-ft''."ftft;;*'
ft,
ft
::
/
'
,
company has borrowed
from an institutional investor,
secured by a 15-year bond and mortgage dated
1, 1942, on the real estate owned arid occupied by
Sheet, June
Oct.
Streets, New ATork,
repayable in quarterly installments beginning Jan. li
1943, of $9,780 each, to be applied first in payment of
the interest and the balance thereof in reduction of prin-»
cipal. The proceeds of the loan were used to refund the
existing ,$391,000 first mortgage 6% serial real estate
notes and for other corporate purposes,—V. 156, p. 1248,
per
in
1942
ft/ft-y
:
1942
80,
Real Estate—The
on
privately
it at 10th Ave. between 25th and 26th
'ft;/ft--.''
;
included
$64,325 in 1940.
1941;
for
depreciation
and
and
patents
trade-marks,
$1;
487,987.
985;
amortization
deferred
of
charges,
$431,420), $527,820;
$39,589; total, $2,^
|*
accrued,
$74,400;
to
"
'
accounts payable, $433,on income,
est., $224,873; longi
general.contingencies, $50,000;. capital
$639,670; capital surplus,
$135,815;
total, $2,487,986.—V. 155, p.'1520. 'ft ft
ft
bank, $55,000;
Federal
earned
surplus, $689,243;
$2.22
or
earnings
from
% Wisconsin Power
'ftft.
'
'
ft
'/'.ft
■
ft
.
Bond
1942
operating -revenues
operation ''—ft-—-ft——ft--——_/':
Depreciation,™---^—
Loss
for
inc,
profits
Net
163,200
163,200
163,200
115,466
.236,874
234,182
1,075
446
Cr2,115
6,881
Crl7,725
excess
profit
"Loss.
'
'/; '
ft
'
'
800
•
Net
in
and
Cr20,063
banks,
ments
in
bonds
$37,478;
(at cost), $182,352;
Gross
Interest
General
$105,447
Sheet, July
$142,242
cash
"$272,790
;
31,
of
sale,
$5,380;
memberships
organizations, etc., $158,406;
funds
automobiles
in
invest*
Co., Ltd.;
and
Western Grain
hands of
trustees for
(less
depreciation),
$11,320;
total,
'
'
directors have
accumulations
30,
Dec.
on
record
ft
'
'
'
*
declared
the
7%
Oct. 31.
dividend
a
1st
This
of
preferred
dividend
$7
per
stock,
covers
share
payable.
the
year
15,
various
deductions——
52,337
Crl9,886
22,647
:
of
and
$7
on
per
Nov.
share
15,
were
made
194Q.—V.
156,
on
p.
the
on
schedule
a
of
rates
ranging from 50—to 7§'/<?, ip
ft, tThese charges represent
profits tax.
excess
profits taxes which
payable on current earnings if. the company had not
for
tax
purposes' of deductions for discount, call
expense
resulting from the refinancing of long-term
,
benefit
premium
and
debt,
,Siqch amounts have beep credited
qount and expense.—V. 156, p. 1064.
;
to
unamortized
debt
';
dis*
,
(Rudolph) Wurlitzer Co.—Delisting—
The SEC
on
($10
'
'-
*
j
'
8 granted "the application of the company to with*
par) • common stock-and its 7 Vo cumulative preferred
from, listing and. registration on the Cincinnati Stock
Oct.
draw
its
stock
($1Q0 par)
effective
Exchange,
1160.
p.
.
at
the
of
trading
i
Zenith Radio Corp.
."
close
"
_
Oct.
1942.—V.
'
•
,
1942
-_-_——-_ft
excess
156,
,
(& Subs.)—Earnings—
3 Mos. End. July 31—
"Profit
Federal income and
16,
■
1941
$683,664
profits taxes—,-
.
375,900
'
$302,958
*
91,000
account
Nov.
above
1248.
and
brackets, for excess
equivalent to additional income' and
the
20
to
Net
profit
Earnings
last,
1,126,709
call premium-
have Joeen
would
had
ended Junq
1923.
Distributions
income
25,455
income"——_ft-——-ft——-—' $1,564,804
amounts
$8,066,786.
Western Maryland Ry,—To Pay $7 Preferred Dividend
of
expense and
;
$2,746,610
bondholders,
loans
.
The
■ •
interest .{net——ft-ft-—-—
income .taxes,
the
with
account, $585,155; total, $8,066,786,—V. 154, p. 550.
holders
—
income.—-ft—ft—J-ft—ft—-ft—.
on Tonfe4erm .debt__-T_:ft—-_-ft—
.—Federal income and excess profits taxes for the. eight months ended
Aug. 31, 1942, haye been provided on the basis of a 40'ft rate for
/ "
1912
(secured), $1,968,940; cash tickets, orders;
etc., outstanding,
$354,415; accrued taxes (est.), $56,269; accounts
payable, accrued liabilities and customer's margin accounts, $210,688;
bonds, $3,386,400; 6 Va % cumulative redeemable preferred shares ($100
par), $1,900,000; common stock (200,000 no par shares), $775,229;
deficit
—-I $2,721,156
incmmeftft—ftft—1—'-—■
Miscellaneous
$696; fixed assets (less reserve for depreciation $1,782,478), $3,712,288;
temporary terminal annex, less amount written off, $101,367; fur*
and
operating income
Net
-ft
Balance
agreements
trade
income
Total other
51,400
paying agents, $34,736;
receivable
(after providing for doubtful accounts), $43,408;
storage and other charges on grain in atore, $26,760; stocks of
and coal, $3,736,811; prepaid expenses, $15,782; sundry loans;
mortgages
.164,571
879,537
accounts
grain
..tax——ftX—ft-ft.—ftft^2ftft-ftft———ft-ft.ft.
income
Amortization of debt discount,
29,454
Crl,3G4
54,000
■//' •'/..
Consolidated
Assets—-Cash
Crl9,250
$53,300
'
—
'
1.581,779
-ft
2$,274
.110,151
1,399.279
704,732
1939
850
(est.)™
&
taxes
3,580.305
tax..---_ft~---ftftl—ft—-
$16,069
650
:-.ft ..."
Profit from investments
Prov.
1940
$597,477
disposal of fxd.
on
;
$11,741,509
'
■Depreciation'
-ftft—ft-ft-l----—-ftft-cwft-ft— ^-ft-;
Taxes/ other than income and excess profits-
;,:'":-'-.ft""//Jft
1941
238,279:
fees—-—-'-ft:./..ft;.;.
Ltd.)
Co.,
'
;
..
•
•*tCharges in lieu of income'and excess profits taxes—-—
$539,006
.
$466,424
163,200ft:
———ft
interest
Grain
ft
\
1942
Maintenance
'Federal
Ltd.—Earnings—
(Including Mutual
Co.—Earnings—
Months Ended Aug. 31,
Total
State
Western Grain Co.,
& Light
Earnings for the 12
'
Total
taxes
term debt, $185,000; reserve for
stock
(90,000 no
par
shares),
200,000
$644,949
dividends
tax.
$1,114,549
to
ft Asset—Cash on. hand an4 demand deposits, $113,765; trade accounts
$16,972; tax stamps, State, $20,464; inventories, at lower
cost or market, $1,712,161; other assets, $57,214; fixed assets (less
$844,949
$2.12
except
643,115
$1,532,564
2,074
••
+270,000
share——
and
18,152
3,985
17,334
Note—The
receivable,
of
per
31,741
(R. C.) AVilliams & Co., Inc.—Places $425,000 Bond and
34,920
stk.ft
aggregated $95,011;
—
$614,690
Net profit for period
Earnings
—
»ft— --ftftft^
expenses
stock
June 30,
1,289
2,957
—-ftftft"
Liabilities—Bank
—
.'12,143
wages-c—:
due after
$425,000
1
"Equal to $1.94
Share in 1941.- ft ft
niture
9 Months Ended
323
accrued
1336.
"Profit
4,067
71,200
assets
1942, have made extensive
V.
5,019
6,644
taxes„—
profit
Divs.
required to meet its
other
$695,000^ all of short-time
subsidiaries
30.500
14,979
local taxes-
:—
Total
v
Upon
year.
current
$75,000.
secured
10,167
223,500
deductions.^—w
Directors'
This Included cash of $1,532,437
municipal bonds and tax liens.
provide adequate facilities for the construction of the increased
of
45,775
'
'
745,415
19,993
Prov. foy Fed. taxes
of
House
respective indentures
company
which $662,974 is
approximately
14,200
100,000
23,935
taxes, current year-
245,000
12,000
11,391
Adj. for prior year Fed,
provisions, as follows:
Collections made of assets pledged
to
the
sinking fund, $196,343; interest collected from Cuban bonds required
for pajnnent of interest en series A and series B bonds to be issued
under the plan, $391,630; current assets required to be pledged with
plan,
$94,614
year—.
.ft
trade--
approximately $25,060.—V. 154, p,
Years Ended July 31—
$772,499 since
plan of
$1,114,549
$50,000
115,809
$156,841
$195,423
12,000
1,232
12,559
r—,
Net profit aft. oper. exp.
the
$2,907,070.
Government
increase of
an
confirmation
$1,532,564
6'ft cumulative class A pfd. stocK ($20 par).
Act
assets
were
one
security taxes
and
31,288
,
.,
aband.ft
on
1942,
subject
of
by
states;
Net current assets
18,454
100,625
329,734
;
1 /'f1
:
payable- —ft--—--ft-,—
Bank loan,
10,998
locations
the
with
Gow, President, in his report for the eight months ended
1942,
11,802
net—
guaranteed claims has been- accrued
and
provisions of
and
accordance
passed
as
renegotiation under the provisions of Law No.
Interest
in
ft;
have
revenue
21,218
44,084
,
•'■ .-ft.ft'
payable,
Miscellaneous
connection;^
in
reserves
199,000
_____
1942,
the
Representatives
14,768
12,000
Liabilities—Note payable
—
Aug.
Social
$145,843
$252,216
(net.)
leases
222,189
443,768
income taxes
.
provisions
4,291
26,653
173,561
14,354 ; ..ft-4'
530,326 .'.'ft 392,800
29,605
ft™
income
1941
.
' ,./ $37,141
of
charges but before provision fpr depreciation,: provision' for
contingencies, in 1942, and provision for State and Federal income
taxes. : ft-, ft, 'ftft ft"-/-ft;'ft.;:ft;ft;' .ft.;/"/;
--'ft ■ -ft
- -''':/•;ft/,
Note-—Federal incqme and excess profits taxes for the
eight months
ending
$183,621
2,000
expense,
Expense
626.636
"After
•
"Federal
1,484,799
$237,447
$449,037
Consolidated
'
profit
Accounts
'
ft ft
191,764
receivable, other
——-ft——ft—ft---------.—ft—"'ft
due w.ithin
loan,
ft:'
—ft—
notes
Liabilities-—ft
Bank
$1,630,642
1,501,737
'/ft ' ft.
'ftft-'ftft ft
reserves)----..—-Tr—- ftft 455,059
charges and prepaid expenses—.ftftft— :
36,562
Deferred
disposal of cap.
7,069,365
contingencies—ftft— --ft———
and
and
Federal capital stock, State and
$433,333
—
expense
ins,
$9,793,953
'
for State
.
'
•
$203,590
-ft,,
insurance, cash surrender value--^
—
and notes receivable, trade (less res.)
Salaries
conting—
for
Interest
Life
I,oss
2,040,191
-
for
Provision
Net
—ft-.//
income
Rrovision
11,716,965
ftu——ft._
depreciation-..;
Provision
jU:
_
Patents, and goodwill
ft
15,704
profit
Other income
$18,698,436
contracts —
"Profit
ft
.
1939
2,045,298
■.'/•ft/ft,
Plant and equipment (less
;ft
1940
'
investments, listed secur., at market
Total ft—
$1,685,3.58
ft/ft/(Including Wholly-owned Subsidiaries) ftft:;
completed
1941, based on the price of £25,000 conthe pound Sterling;- - $Of market¬
ftft;;/ '/ ftft :ft":ftft;fti,,;i; ft:,
manufacturing orders—ftft.;:: ft
Account receiv,, Industrial Magneto Co., Ltd—
IRep-
,
tOf London
of $4,025 to
at rate
Comparative Balance Sheet, June 30 ft
Inventories
4,315
bonus.
tlncludes
1941
Note—Provision
Contracts
par/ shares-
$1,932,327
deposit
with,
for
ft
at June 30^
as
Lhe pound sterling.
Uncompleted
shares.—V. 156, p. 264,
—
30,000
42,100
branch
the London
to $4.03 to
at May 31,
assets
dollars
$4:87
$1,442,861
expenses
.14,700
ft
Deposits on uncompleted orders
reqeipts,
Earnings
current assets of
of net
net
Accounts
2,496"
18,650
1942
$95,627
14,700
42,100
;.
Accounts
161,300
no par
$95,280 ftft $78,670
14,700
—^ft
Life
*700,000
by 21,016
21,000
Assets—ftftl'i,. ft "./ft.- ftft-' ft ft./'-'(.ft1942
,
37,100
"
1,214
nq
16,600
14,700
stock
Cash
$529,000
ft
.10,000
.
1620,320
pot be effective unless the appropriate instrument of
together
deposit
T2T88
44,000
..
21,050
'"''ft.';
1942,
in the case of holders of debentures, notes
such
debentures, notes and deposit receipts,
and, in the case of holders of. guaranty claims, the guaranteed munic¬
ipal securities, are received by the exchange agent or the exchange
subagent on or before Dec. 5, 1942.and
18,450
~30~500"
Common
and
/
ft $875,000
.ft 139,119
25,000
"2.10Q
17,696
$124,246
Dividends
/'ft";
5,
municipal securities, the delivery of the municipal securities
...
ft"
'ft
ft————ft_:_:—
by
2,400
18,534
:
—
pfd.
vertfed to
$1,442,861
taxes
stock
8,9,00
9,025
■
3,750
25,914
56,000
tax—,
able investments;,
8,546
profit—$2,478,631
Selling, gen. and admin.
of
•
profits/ tax
value
branch
7,991
7,370
9,148
-
Years Ended June 30—
Boston, Mass., or with Manufacturers Trust Co^
exchange subagent, New' York, so that the same shall be received_
o"
before Dec.
5,
1942,
accompanied
by:
(a)
in the case of
ft
;s of debentures, notes or deposit receipts therefor, the surrender
of the
debentures, notes or deposit recipts, and <b) in th case of
holders of allowed, claims based upon guarantees
by the old company
,
®In
6,817
—
for
"ft
32,115
113,906
ft
ft
1940, from rate of
12,500
"5,799
'':ftftft,ftft,ft-ftftft—ft_ftftftft_.ft ftft
resented
agent,
guaranteed.
10,200
.
^_u._„ft,ft^_^__„u.ftL.—$1,658,335
Total
as
certain
(unsecured)
Gross
on
of
,t.
10,000
' / 86,273
;
.
•
described.
debentures
exchange
payable
Provision
new
.ft.;
Dec.
/ft;ftft;,:/ft
'
5,908
10,562
t,
5,000
dividends——
on
Common
$142,122
1,257,514
AVeinberger Drug Stores, Inc. (& Sub.)—Earnings-—
company,
',"v
'
;
1941
—ftft—ft-ft
,
ftft-„u_
.
—■
income
Net
Divs.
1942
depreciation)-^—^
ft
42,804
•
'
customers
Common
persons
in amounts
fixed
$0.95
$0.01
ft.
38,829'-t
ft
$23,811
Sept. 30
customers
the
the
reorganized
of
court
of
$0.48
Sheet,
ft
"Represented
receipts thereof and
of other allowed claims, the amount of which
aggregates $2,OQO or
more,
who wish tp receive distribution under the second alternative,
should
file
appropriate instruments of election
I forms
which
will
be supplied by the company on request) with State Street Trust Co.
as
$0.87
.
,
41,588
tax-
sale_____:
Adjustment
$188,127
17,494
taxes—
Federal, income
after
and
claims
amounts
the
issuance
on
or
of
6
(41,083
loqal,taxes—ft200
security
1939
4/
$176,246'
$221,953
—J——
stock
1940
1941
.
$349,043
ft-ft----ftft_ft'/:
cap.
Loss on
305,07"?
281,266
.
$238
$12,074
payable (secured)j-ftftft';
Surplus:
fixed
take
19,088,707
256,861
(secured)
ftftft
4J30
lent._.—_.^—ftftftft-ft..
Employees' war bond fund
(ft 'ftftft 353
Acqrued expenses ftft_ft—ft7ft:
.18,200
1941,
to
Social
1
Due
equal
on
and
Federal
256,623
.$4,744,892
-
..
taxes,, etc.
Amortization
Securities
the
cash
maturing
from
Loans
$1,000
Aug, 1,
date to be
electing
persons
balance
in
Depreciation
Marketable
the
of
1942'
before'de-;
pre-
.
their
from
the
bonds
1
ft-ft/,/.,ft' :
Alternative—The
.
above
Holders
The
4Vaft
in .equal, principal
adjustment
more,
or
alternative
to
said
Second
of
date
$2,000
to
and
ftft// $806,869ftft!$7Q5;.Q34ft $5;227i;429
•
preciation,
$1,658,335
claims
External Debt
amount
an
of
preceding
thereof
series
new
$10.
Election
next
date.
paid
rate
the
delivery
be
and
cash
at
date
appurtenant
payment
bonds
A
the
coupons
interest
bonds,
payment
for
court
and
same
such
said
on
interest
1941-1955
income,
were
1Q1Q
1940.-.
.
.
4,632,568
4,649,440
Wieo Electric Co.—Earnings-
State
260,391
$18,262
Liabilities—
of
claims
may,
1941
.
interest receivable——ftftft^—ft^-ft
subscription depositsL.^ft^ft.ft^ftiftft
and
Notes
allowed
company
580,578
Years Ended June 30—
Net
•ftft'ftftftft'ft''
the
(including, .in the case of notes and debentures, accrued interest
through July 31, 1941) $1,000 in principal amount of the 4l/2% bonds
of
/ft'
Accrued
Bid
Due
following distribution;
the
old
inc..
gross
1
(
$128,322
1,408,594
outlined
election
$9,377,460
$1,387,447.
t—V. 156, P.. 1248.
-ft/ft ft.ft ft. .ft
248,317
Balance
;
■■
the
at
=
other
of
$2,000,
against
that
as
$9,876,869
from
ft Net' iriSbme
,
exchange
of
rates
168. ft. ftft ft
156, p.
share—___
per
Assets
reor¬
of
company
treatment
ft'.ft
.
debentures
of
Earned
of municipal
being in excess of
claims
said
the
same
$50,119
'
$65,492 '
220,079
.
income,———
Net
guaranties
upon
'-
the .average
at
Prepaid expenses
claims
$1,274,574
569,540
Deduct,
91,215
——ft
income
Federal, exc.
claims
the
$8,367,976
1,009,484
; \
-
201,817
a
Fixed assets (net niter
which
Holders
of
4,876,497
$8,963,339
913,530
:
ft—.
1942
and taxes
allowed
of
above.
amount
bonds
$39,040
11,079
,
$35,831,139 $47,425,852 $62,005,786
income
Gross
Expenses
of certain municipal
the amount of such claim
and
(b) if the amount is
B
dollars
and in a total amount equal to
claims, odd amounts to be adjusted (to avoid
in amounts of less than $10) by cash payment.
Alternative—The
holders
than
S..
Sales
in
company
municipal securities, the
<b)
Second
other
$53,002
Sept. 30—
9 Mos. Ended
(other than
company
and
7,207,157
$1,176,578
97,996
Development expense—.
in equal amounts
receive
guaranteed
in
debentures
old
Wftft
foreign
•
of
earnings
L,-._,ft..7ft"12,490
"ft. AVeeden & Co.—Earnings—•
their
scrip
Holders
$200)
and
the
by it) will receive:
fa) if
payment in full in cash,
$200, series A bonds and series
ganized
(4)
by
less,
or
issuance
payment of $12.67;
against the old
claims
notes,
guaranties
greater
the
said
upon
$700
1941,
net
com¬
prin¬
cipal amount of series A bonds of the reorganized company, $700 in
principal amount of series B bonds of the reorganized company and
31,
,■
''
U.
into
converted
sinking fund debentures of the old
$1,000 in principal amount of their
July
'". 'ft
———ft,--,.ftft———ft
; 'Total
517,394
$1,296,232
oper.
Gross
9 months'..period ended Aug,.,.31*.
-ft'"; v'" V:
1"ft, ft'"*'''ft ' ■''"'.ft'"v; y.
.ft., "/ft ft.ft vr'-'V ".1 1942
1941',, ft
vailing during the periods.—V.
$13.88;
through
interest,
the
ft The above amounts of net earnings of the foreign subsidiaries
"
(2)
'.'ft'
••
information,
English subsidiary
Brazilian subsidiary
ft.
;
company,
issuance
avoid
(to
does not appear that on the basis
the company' will have.any liability,
>•••:•■•.<■
available
upon
pre as follows:"'
ft- .■ ./.-ftftftv
34,306
1,035,514
Revenue Act of 1941 or under the proposed Revenue
1942.
$1,723,517 $16,502,127 $13,521,287
'331,631
276,814
29,545
$2,366,052
revenues-
Operating Income
Non-operating income—
it
earnings
60,603,964
assign, fto oper.—
Taxes
Subsidiaries, not. consolidated foyt th.e
Alternative—The plan
follows:
months'
9
..(2)-Based
creditor's
the
cable oper.
revenues
-ft—-"
Uncoil,
8,125,286 .67,941,400
&'
Net tel.
,
$9,843;803 $84,443,'527'$74,125,251
revenues
—_
presently available,
first
Act of
Reorganization
reorganization creditors are given two alter¬
to
take partial
distribution in > Cuban
bonds.
the number of months falling
1942—8 Mos.- -1941'..
v":
..
L'.——$11,435,179.
&, cable: oper. exp.
9,069,127
Tel.
Act of 1942, as finally enacted, contains this
additional tax liability for the 9 months ended Aug, 311
therefor under the
1..ft',
First
(1)
of
electing
states:.'
to
plan
Partial
citing
-Earnings-r-
1942—Month—1941-
'<
v
No provision has been made for excess profits taxes as, on
Note—(1)
967.
p.
Western Union Telegraph Co., Ino.
-Period Ended Aug. 31—
Telegraph & cable oper-
be approximately $115,000.
will
1942,
Aug. 31,
the Revenue
If
1942.
provision, the
1942—Month—1941
ended
1941.
Under the provisions of the proposed Revenue Act of
passed by the House of Representatives, the income for the
fiscal year would be taxed in part at the increased rates
provided for by the Act in proportion to
Period End. Sept. 30—
months
9
1941 which provided that cor¬
after Dec. 31, 1940; would. be subject!
company's current fiscal year .began
Act of
tax years began
that
the
for
tax
the Revenue
on
of
r&tes
1,
1942,
968.
p.
Federal
for
based
is
porations whose
subsequent
exchange
in
150,
sinking
1942
Nov,
delivered
definitive 5%
office, 45 Beaver St., New York, N. Y,,
Bank of
National
Trust
Monday, October 19, 1942
issue
on
.
sAfter
for
—————ft
per
common
share
$307,764
$0.62
—
depreciation-, excise and liberal
Federal
income
and
excess
profits
reserves,
taxes.—V.
but before
155,
p.
$211,956
$0.43
provisiorl
2376.
@FedFRASER