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0CJ2
MONDAY
&
Volume 160
New York, N.
Number 4321
PUBLIC UTILITY
-
Accacia Mutual Life Insurance Co., Washington, D. C.
for
a
INDUSTRIAL
-
INSURANCE
-
refund of $1,991,776 and a net refund of $444,261 after
applicable credit for Federal taxes, the effect of
reduce net profit for the year before Federal taxes by
gross
of- the
deduction
—Record-Breaking Production Reported—
which
another production record has been
broken, August marking the 16th consecutive month in which produce
-ion was greater than in any similar month in the company's , history.;
$2,044,974, and to reduce net profit after taxes, by
$552,902 (including elimination of post-war refund) to $582,648.
The
Period End. Aug. 31—
Written
Placed
Net
increase
—V.
that
announces
company
—
1944—Month—1943
1944—8 Mos.—-1943
$9,464,041
$7,837,829
, ;i.
7,488,161
5,744,403 $56,824,476 $40,150,747
5,164,726
3,919,316
41,105,898
26,375,527
to
was
$1,991,776
to
profit, of $582,648
net
revised
the
were
V, 160, p. 977.
The
in
A. .Blackford.
/■
Committe
Executive
An
and
Monroe
Ernest L.
Cummings,
Walter J,
(.Chairman.),
Rovensky
elected
been
has
Mo.,
Stock and Bond
following additional officers have been appointed; M. A. Hardie,
Assistant
to
President; C. Allen Fee and H. F. McKillip, Assistant
The
Secretaries;
E.
H,
Perry,
troller.—V. 160, p. 617.
This
Boston-Stock
and
Exchange
,
r
Exchange
—
/,
1420
1424
,
fees
Directors'
Net
Shs.
year—
rh.
for
$262,984
!
_
ventory
Net
of
*
Condition
Comparative Consolidated Balance Sheet, May 31
Assets—'
..
Dominion
-
held for employees
receivable
bills
(less
debts.)
bad
Merchandise
Advances
Prepaid
to
'
———_—
bonds
Canada bonds,
of
and
Accounts
Life
Canada
of
Note—Provision
inventories
employees, inch employee sharehol.
and
expenses
insurance
accrued
and fire
14,666
Sundry
loans
—.—,
Refundable portion of excess profits taxes---!*
assetsv
Fixed
92,959
296,551
15,000
$2,783,628
I.
D.
Fairchild's August Retail Price
15,000
Accounts''- payable
Accrued wages
and
for
Prov.
.
inc.,
payments on
insurance
n'
■
umulative
convertible
preferred————
—
-
-
—
reserve
1943.—V.
,
for
.
depreciation of $412,810 in
15Q, p. 545.
:
,,
.
—V.
operations
for
the
fiscal y?ar
$433,339
:
deceased
estate of
income taxes,
State
678,052
806,477
estimated——
1,326,860
1,326,860
2,143,041
$5)—
(par
reite.ee.
■,
2,143,042
leather
finished
inventory
450,000
250,000
—
of
Dl-132,635
Dr201,755
1,704,590
1,610,388
$6,299,977
swk:Kv.-—
^
surplus
159, p. 545,
.
(& Subs.)—Earnings-
of
Cost
——
t
1941
$58,905,660 $63,970,160 $49,603,421 $32,877,786
—
sales——,
June 30
1942
1943
1944
v
sales
Net
1446
1944—12 Mos.—1943
1944—Month—1943
Aug. 31— '
1944 and
7
——j
$2,723,774
51,694,090
40,225,358
26,591,486
$9,146,904 $12,276,070
49,758.755
—
——~
3,345,127
expenses
763,829
3,706,373
883,829
$9,378,063
3,311,206
749,543
$6,286,299
2,820,603
657,724
profit from oper.
$5,037,947
income.—.106,156
$7,685,869
7,562
$5,317,314
47,751
$2,807,972
49,161
$4,931,790
$7,693,431
$5,365,065
$2,857,133
442,546
432,138
Gross prof, from oper.
expenses
Net
•
Miscellaneous
,
$2,627,400 $31,705,714 $29,351,847
expenses
—;
-1,200,724
12,348,970
3,251,200
8,762,977
947,391
273,600
265,600
786,504
for
Provision
for
677.541
taxes.—
8,805,272
3,124,800
9,295,425
■"
•
ended Sept. 30,
Total, profit
Gross
Interest
and
^
1
,
income
$571,908
254,672
$7,342,567
$627,906
260,999
—_
deductions
& other
$8,126,350
3,192,517
3,102,879
'
Additions to
reserve
'J' contingencies'
'
Net
income
——
$310,909
pfd.
stock
189,082
on
$4,150,051
$5,023,471
2,268,986
$373,234.
55,000
ing
Earnings
$121,827
Balance
160.
p.
977. '
,
$1,881,065
$184,152
$2,754,485
for
*3,107,618
765,733
$2,028,446
$1,602,629
800,589
300,589
$2.53
800.675
$2.00
,
)
'
.
141,000
—
excess
$1,600,153
.
.
$1.92
profits
'refund of $528,329) for
profits taxes
7.
,
59,109
£5,609,984
£3,389,994
par)——;
per share
'Includes
■
—V.
(no
71,271
)
profit. !—^—Shs. cap. stk. outstand-
2,268,986
189,082
,
$1,541,796.
exchange
Net
Divs.
com¬
———
Depreciation
Provision for taxes-—-
763,996
$385,971 in
7;^
revenue
depreciation-
$2,731,843
$2,783,628
Kieverstrom, Secretary-Treasurer, on Sept. 20, stated:
renegotiation. agreement recently executed covering the
pany's
with
Consolidated Income Account for Years Ended
266,456
266,456;
822,559
S.
"A
$6,299,977
$6,907,336
$444,001
Allied Mills, Inc.
Air Associates, Inc.—Renegotiation Agreement—
G.
13,887
$6(907,336
Earned
of
—1449
Index
Operating
Int.
——————
1
9,869
surplus/.
for
Res.
Co.—Earnings-
Power
618,882
.'■"■•'1
—
obligation
stock
Treasury
1—-1447
1449
Deposits
Prov.
;
'
% *Less
and
Commpn
;
Gross
14,625
25,818
835,700
14,624
25,817
" 835,700'
:
(no pari—:——
c':-surplus
•
Alabama
V Period End.
445,619
account).—415,499
reserve——u-
:.V>Ftn''!%u stock
;
78,909
139^375
477,096
165,000
Selling
$300,720
65,908
103,747
..
declared, payable July 2—
Dividend
Fire
$337,061
(less.
1,529,500
562,000
equipment (net)—
formulae..———
-1—
Administrative
expenses———
pfts. and other taxes
exc.
and
payable
Contractual
;:
Liabilities—
-
1,990,500
1
Liabilities—
•
-
—
securities-—^——-
Total
$2,731,843
and producing revenue—-1
Total
plant
Accounts
'
f
380,328
Goodwill,' trademarks and
Deferred charges ,'
.1447
—
Assets,
Reports
C.
705,10 >
319,308
insurance———
—
Insured Banks at June 30
324,789
—_
Patents under lease
F.
9,690
7,686
196,163
life
2,132,857
(net),
for post-war plant rebuild., etc,
accounts- receivable-.——3__!
segre.
Property,
of
value
Government
S.
Miscellaneous
Exchange—-1419
Averages
-——1419
& Balance Sheet Items for
Building Permits
July
$780,039
915,046
1,461,776
accept.• receivable
trade
surrender
1437
1436
Agricultural Crop Report As Of Sept.
-11,570
13,867
17,603
.
1,943
$1,067,989
Stock Exchange—.1419
Class I Railways (June)
1,313,824
in
1944
'■
'
accounts,
Notest
Paid-in
Stock and Bond
$86,595 In
1941.
Utl
expenses;
Inventories
Federal
Selected Income
1,848
-
deposits—----
revenue—
insurance
16,700
259,529
-'.' 218,885
1,332,299
;
—
in
Balance Sheet, June 30
,
Assets—kv
Transactions New York Curb
300,087
for
reserve
-
" /
v.',
1443
Transactions New York
$371,979
included
depreciation
for
$84,374 in 1943, $100,220 in 1942, and $132,134
10% stock distribution- was paid.
; •'
1944,
addition a
Notices_1437
—
259,741
$2.62
post-war
in 1943.
profits
excess
'
Federal Reserve System
1943
1944
$199,185
465,087
20,500
■.
.
and in banks
hand
on
Dominion
in
—-—.-1442
Statement of Member Banks of
Banks
$1,66
tax of $1,050,000 less $105,000
1944 and $570,000, less post-war,refund of $57,000,
Includes
credit
share
per
excess
Reserve
250,000
$373,932
229,674
tAfter deducting $53,690 over provision for prior year.
Exchange Rates
...1441
Combined Condition Statement of Federal
profits taxes. $100,617 in 1944 and $92,959 in 1943.
Cash
$670,333
paid —V_—
Earnings
Foreign
$2.29
$2.52
$2.10
$536,015
251,373
$2.21
200,000
$442,027
4230,263
$1.85
—
U.
The Course of Bank Clearings.-.
79,956
tAfter refundable portion
,
375,000
profit
Dividends
Stock Exchange
Redemption Calls & Sinking Fund
Dividends Declared and Payable
j-
$2.33
profits taxes.
excess"
*845,000
*1,230,000
——
replacement
1430
Assets
$243,440"
80,000
80,000
I,
$1,239,144
193,812
of finished leather in¬
__1430
-
Investment News.1393
State and City Bond Offerings and Sales.-1450
174.743
590
88,000
com.
on
sitock
""Includes
*383,922
525
$227,914
$245,327
outst.
stk.
com.
per
365
1494,761
325
,
128,139
t32i,310
125,163
deducts,,
taxes
General Corporation and
41,501
•
$985,464
$2,057,190
net
inc.
Income
Miscellaneous Features
$460,274.
38,836
35,683
$1,656,595
187,663
1,033,933
Cash
1941
•
.
$686,267
$753,723
34.892
f504.752
—
for
earns,
of
Earns,
1942
1943
1S44
$785,298
,
7,317,702
''
897,117
1942
7,744,381
selling
&
Reserve
1429
1429
Exchange
Exchange,.-.—.———1430
—i
1431
Los Angeles Stock Exchange
1431
Philadelphia Stock Exchange
;
1432
Pittsburgh Stock Exchange—
-—1432
St. Louis Stock Exchange.—--,
—1432
Montreal Stock Exchange
—1434
Montreal Curb Exchange--—1434
Toronto Stock Exchange.—1432
Toronto Stock Exchange—Curb Section-—1433
Over-the-Counter Markets
—1435
^Afrnew-Surpass Shoe Stores, Ltd. (& Subs.)—Earnings
operating profit,....
for depreciation—
Prov. for Govt, taxes—
1941
$9,453,964
8,625,447
•. '■■■',
913,294
990,543
1943
1944
8,853,991
profit from oper.
Net
Other
—
Years.Ended.May 31—
$11,945,116 $10,319,269 $10,601,454
expenses
Stock
Cleveland
Detroit
officials, according to reports filed with the Boston Stock
Exchange, were 4,088 shares of Preston Uphani, a director, and 2,700
shaves by Preston Upham as executor of the estate of George Baxter
Uphain.
Arthur W. Kimball, a director, sold 275 shares.
In each
instance
the
sale represented. all the
stock held.
("Boston News
Bureau.")—V. 160, p. 425.
■,
r-. •
Prov.
...
Co.—Annual Report—
—————
admin.
Gen.,
1409
Chicago Stock Exchange
Cincinnati Stock Exchange
poration's
Net
Kail
goods sold——
of
Cost
Page
■>
Exchange
Stock
Stock
Boston
the SEC. - There are
of Sullivan Machinery stock outstanding.
On
Aug. 22
the New York and Boston stock exchange firm of
Schlrmer, Atherton & Co. sold on the New York Curb 26,347 shares
of Sullivan Machinery Co. stock at 22'A.
Hallgarten & Co. was the
buyer of this stock.' On that day a total of 42,700 shares of Sullivan
Machinery Co. stock changed hands oa the Curb.
The principal for
whom Hallgarten & Co. acted was not disclosed. ' ...
,
.
Sales of Sullivan Machinery Co, stock during August, by the cor¬
the
Curb
York
Baltimore
(18.8%)
that
with
186,774 shares
Machinery Co. capital stock and held at the close of
that amount of stock,
This information has been filed
month
.
sales
Net
Quotations
Stock Exchange
New
total of 35,200 shares
in August acquired a
company
977..
p.
Allied
(Stocks)
New York Stock Exchange (Bonds)
Holdings—
Sullivan
/;
New York
.
Adams Express Co.—Change in
of
v:- .'--v:-v
and C. F. Hoell, Comp¬
Assistant Treasurer,
Issue
Remodeling plans are under, consideration,
tool steel products.
160.
of property
is had here¬
a
Years Ended June 30—
/'■■ (Vr
Nye.
This
V/n
Property—
tenant.
The property is being used as a district
warehouse for stocking the Allegheny Ludlum corpo¬
occupied as
ration's
consisting of John E.
Charles J. Hardy, R. R.
V
on Sept. 20 announced the purchase
from the National Refining Co., which
corporation
Louis,
St.
—V.
succeeding Lester
!'i
been elected a director,
to
Allegheny Ludlum Steel Corp.—Buys
;
.
tofore
Hardy, Jr. has
of
;\v
office as well as a
J.
•.
taxes.. ./(Includes
excess
profits taxes,
,
-
(less post-war credit of $52,730).
1943, provided
IWIIIIitlllllll*^
SPECIALIST US
Bids
Offerings
Unlisted Securities
■
FLORIDA & NEW JERSEY
;v:
Mnnicipal Bonds
For
DEPARTMENT
Telephone'.
HAnover 2-2600
1922
"
NY 1-573
found
effective market place for large or small
Banks, Corporations and Individuals have
V,
|
us an
BLOCKS of SECURITIES
INCORPORATED
...
•
..
45
Telephone
NASSAU
'
REctor 2-36'Oft
-•
STREET,
NEW
YORK
Philadelphia Telephone...
Enterprise 6015
York
j
.
•
'
.
1
5
Bell,. Teletype
New
which
|
Members New York Security, Dealers Association
NEW YORK 4, N. Y.
Bell1 Teletype:
.
Brokers, Dealers, Institutions, Corporations
.
Established
>
Kobbe^, Gearhart & Company
qALLEN&CO.
80 BROAD STREET
-
1-576
|
'
are not
readily marketable.
INQUIRIES. INVITED
HILL, THOMPSON & CO., INC.
.
812.220
$1.97
$5,283,295 (less post-war
tlncludes $997,312 excess
v.:
MUNICIPAL
share
25 cents per share on the
holders, of record Sept. 29.
disbursed in each of the 18 preceding quarters.'—.
stock,
amounts
Distribution—
extra dividend of 25 cents per
of
shares
134,905
an
regular quarterly dividend
both payable Oct. 10
the
and
Like
is equivalent to $4.32 per share
the company's capital stock outstanding.
This compares with earnings of $3.32 per share on the same capitali¬
zation for the preceding fiscal
year ended Sept. 30, 1942."—V. 160,
p. 618.
■•■'•■/b .v-.
"The
on
Co., Inc.—Extra
directors have declared
The
common
ACF-Brill Motors Co.—New Director, Etc.—
Charles
Copy
a
MISCELLANEOUS
-
Air Reduction
v;
617.
160, p.
60 Cents
Corporation and Investment News
General
RAILROAD
Price
Y., Monday, October 2, 1944
120 Broadway, New York 5, N. Y.
THE COMMERCIAL &FINANCIAL
1394
Consolidated
Sheet,. June 30, 1944
Balance
proceeds* together with other funds "of the company,: are,
to be used to retire^ the outstanding first mortgage 6%
bonds due iff 1955.—V. 160, p. 977.r
:'7,z7'-'7^ ».
Assets—Cafeh in banks and on hand, $1,565,793; U. S. certificates of
Indebtedness, $13,290,983;,notes and accounts receivable*.$1,304,875; in¬
post-war refund of excess profits taxes (est.),
$352,380; escrow fund, U. S. securities and cash, $500,000; grain ex¬
change memberships, etc., $4,039; prepaid insurance, etc., $146,592;
plant and equipment (less reserve for depreciation-of $3,137,641),
$2,494,579; total, $27,386,839.
Liabilities—Accounts payable, $248,692; accrued liabilities, $343,909;
provision for Federal income and excess profits taxes, (est.) .(less U. S.
Treasury notes/tax series A and C, $7,563,800 ),. $653,104; reserves for
contingencies, insurance, etc., $299,016; common stock (800,589 no par
chares), $4,864,581; initial surplus, $662,250; earned surplus, $20,315,288;' total, $27,386,839.—V. 160, p. 1177. t,
.
$7,727,598;
ventories,
American Power & \ Light
to Parent—
/*
77';
»
Alton RR-
parent
utilize
Net
Net
FromlJan. 1—,/
from railway.—
„
from
Net ry.
1,322,228
626,307
24,944,076
10,482,578
19,352,672
6,711,836
2,643,107
2,910,171
2,774,483
income..;
zTo. Order More'Cars— /'
%■"
Court
$1,812,528
548,254
256,404
at
Chicago
American Airlines,
*
on
■/■
Atnerican Water Works & Electric Co.,
Power
were
week
by Charles A, Rheinstrom, Vice President in charge of traffic.'
Revenue passenger miles flown in August have reached the unpre¬
cedented peak of 57,532,652—more than four million more than were
26
flown
1943.—V.
from
to
874,731
1,031,970.
of
Tons
1289..•
;■
.
American Cable & Radio Corp.—Retirement of
On
July 24, 1944,
as a
At
meeting of the board of directors, held Sept.: 19, Frederick
was elected a member of the executive committee.
,'
a
„
j
payable
was
and
unable
were
Consolidated
Operating,
;' Cable
v
.
to
the subscription
Z/
■
'
exercise
1, 1944,
Income
Account, 6 Months
Ended
•
General
and
Net
for
Provision for
Net
income
U. S. Federal
excess
on
for
depreciation
income
940,010
11,543
operations—
income
1,174,111
569,659
319,356
of
sales,
7(53,833
$1,380,312
1944
Net income before
interest
long-term
on
debt
42,642
sub.
Net
companies
income
160,
$1,264,369
7,340,339
15,411,754
4,375,215
11,036,539
12,521,480
430,262
629,165
•
2,966,749
;
1,711,666
Other
charges-^
17,232,623
;
175,598
j";
264,596
11,929,939:10,714,047
5,203,568
1,679,362
2,045,357
5,575,000
1,817,622
*8,838,000
•11,061,500
paid.
American Car & Foundry
Net
period,
the
pansion
.
company
on
of ^passenger
Sept.
car;
21
the
announced
building
'modernization
railroads
facilities
plant.
a
at
for
very
its
the
Shares
program
Earnings
z
considerable ex¬
Charles; Mo.
"
The
new additions which will
comprise two new one-story buildings
saw-tc-oth construction, covering 90,000 square feet, will include a
new coach shop, a truck and a
forge/shop. There will be 11 tracks
setting 33
transfer
These
involve
tables
passenger
for
additions
the.
Stevenson,
cars
handling
represent
cars
maximum
and
length,: at
one
time;
St,
Charles
will
long: way' towards expediting, delivery of
important work now on the company's books, .the announcement said.
The plant is now
concentrating on the building oi 100 hospital cars
for the U, S. Army.
These cars were especially designed for the care
of
go
ourjvounded.—V. 160,
544.016
$7.38-
544,916
$5.69
544,916
$5.67
•
of $873,500 in
/ '■
„■■■:•
"
'"
'
$3,-
250,000 Mortgage Bonds to Four. Insurance Companies—
it was announced Sept. 27, has sold, an is¬
sue ol $3,250,000 first
mortgage 3tya% sinking sfund,.bonds
privately to four insurance companies.
They are The
Mutual Life Insurance Co, of New
York, New England
Mutual Life Insurance Co., Mutual Benefit Life Insur-r
The
:x-'r
1943.—V.
160.
1944
.
1943
1942
$6,872,220
$5,167,576
investments and other assets——
34,023.229
3,830,082
Property, plant, and'equipment—
•10,107;603
10,957,847
securities-..—__
accounts
Inventories
receivable—
:■
/,
1
9,341,230
33,217,553
1,675,978
12,098;675
,
—
.
1
330,493
—
Deferred charges
Total
—
320,399
348,329
$61,318,918 $54,393,246 $61,949,339
liabilities
Long-term debt
_
Reserves
$24,984,742 $21,711,197 $32,469,431
1,800,000
1,400,000
1,000,000
99,418
202,818
662,078
"
Common
stock
Capital
surplus
Earned
surplus
Total
-V.
—
^
_
9,606,990
9,606,990
1,269,706
9,606,990
1,269,706
1,269,706
23,795,401
20,202,533
16,703,793
$61,318,918 $54,393>246 $61,949,339
—
160,
p.
1944—8 Mos,—1943
i,
39,678,597'344,647,020 304,121,546
RR.
below.—-V.
160, $).
1179.
Subs.)—Earnings—
1943
1942
1941
$2,273,033
$1,680,057
$1,293,610.
426,679
381,424
370,359
134,132
119.834
80,543
69.55L
114,318
90,027
80,050
72,715
$1,636.494/$1,138,040.
$780,985
1944
■
security taxes.—
Net
profit from
Int.
Net
120,146
103,005
52,654
$1,241,046
25,134
$833,639
62,455
$1,756,640
31,010
$2,075,000
1,175,000
*555,000
*195,322
$550,630
1,263,610 :
$660,911
954,165
deducts."
other
inc., taxes,
etc...—
$784',691
profit
earned
Prev.
122,261
—_
income
and
$2,799,884
$2,922,146
income
Gross
Fed.
sales'
surplus
**1,500,238
Total surplus—
$2,284,929
$1,814,240
$1,615,076
64,238
67,737
198,187
71,375
283,124
dividends
Preferred
Common
dividends
192,434
.
$2,028,256
Surplus
Surplus adjust., net.
16,965
Earn. surp.
Shs.
com.
Earnings
end of yr.**$2,045,222
stk. (no par)
+433,524'
per share
$1.66
"Includes
of
$1,548,316:i $1,260,578.
48,078
61,989
$1,500,238
141,562
$3.41
$1,198,589
141,562
$4.16
51,439
,
$586,878
777,828
$1,364,706
74,625
212,347
$1,077,735
35,544
$1,042,191
141,562
$3.62
profits taxes,
tin addition to the 433,524 shares of
outstanding, there are 124,660 shares reserved for the
excess
stock
conversion
refund
subs,
'
of
the
preferred
stock,
Consolidated
Balance
deducting postwar
earnings of Canadian
iAfter
""Includes undistributed
U. S. dollar equivalent.
$200,000.
adjusted to
v
Sheet, June 30,
1944
Assets—Cash in banks and on hand, $1,743,886; U. 8. Treasury
notes,
$1,750,000; notes and accounts receivable, less reserves, $637,797; inven¬
tories of merchandise, materials1 arid supplies, $1,406,401;
advances
on logging and lumber operations; ?$182;636; sinking fund assets, $228,380; investment in affiliated company, $500,336; plant, property, equip¬
etc.,. less
depreciation,
$1,970,555;
timberlands,
less
depletion,
$1,133,699; other. assets,, $35,552; post-war. income tax refund (est),
preferred stock in treasury, $38,047; prepayments and de¬
ferred charges, $57,811; goodwill, $1; total, $9,950,500.
$265,400;
Liabilities-
Current
always
not
$3,495,523
447,186
!
-
Social
%
'
Goodwill
is
.'-t.;.■■$[■■"•
$
49,393,324
26.415,939
17,363,056
Nashville
&
Years Ended June 30—
100.00Q
200,000
8,013,582
25,053,442
.2,975,755
Government
and
it
reasons
978.
p.
profit from sales
Selling and admin., exps.
State,- local and capital
...:: z stock' taxes.; _^^
future
1100,000
-
holders
to
1944—Month—1943
•
Gross
.
9,151.965
S.
Notes
■'.
share on
per
14
made on April 29,
Atlas Plywood Corp. (&
common
Consolidated Balance Sheet, June 30
$3,775,542
U.
Oct.
;Z>"^
expenses
oper.
ment,
The company,
2,258,547
amounted to $1,057,$1,244,311 in 1943; $1,086,426 in 1942 and $880,846 in
1944;
Assets—
Z
cents
10
mechanical
revenues—...,
oper.
.•'.■■'■■'■;
,/
■'
pp. 1073 and 825.
Co. and the Life Insurance Co. of Virginia.
,2,934,485/ 2,003,859
3,502,868
(no par)
544.016
share.$8.59
Condensed
a
American Furniture Mart Building; Co., Inc.—Sells
3,103,167
844,620
deducting post-war credit
1941.-''
.
ance
in
952
manufacturing equipment.
the major
one
of the
finest and
most modern passenger car
plants in this
country, with double the present capacity.
The plant is new booked with the.
largest program of passenger
train equipment in its
history and the new construction. now started
at
* After
of
and
1,089,832
Note—Depreciation included in cost and expense
and;
part of a program, which will
$1,500,000,. according to. Frederick
A.
will result in the St. Charles plant being
expenditure
President,
of
per
3,093,691
1,089,832
1944 and $982,000
in 1943.
.-(Reduction .in taxes to be paid, or refund in taxes, in the
event that inventories of certain oils are replaced as provided in cost
of
products sold.
SCost of products sold includes ■ a provision of
$3,500,000 for current cost (in excess of normal inventory value) of
replacing certain manufactured-and purchased oils.
of
for
-
4,024,317
stock
common
post-war
St.
of
payable
10 cents was
Atlantic Coast Line RR.—New Chairman of Board-
'
1,089,832
dividends
outstanding
Looking forward with confidence to
being planned by our progressive
now
both
value,
par
Other
4.682,700
profit
Surplus
Co.—Passenger Car Capacity
Doubled at St. Charles Plant-
Sept. 22 declared a dividend of 10 cents per share
on
dividend
extra
an
21,077,489 196,044,493 157,952,348
Railway twx accruels—
12,707.584 111,196,692 101,697,565"
other debits or credits
Br875,842
Br341,167 Z'3,077,350 Br3,087,28I
Net ry. oper. income
4,738,487
5,552.357 34,328,485
41,384,352.
Railway tax accruals for month of August, 1044. include $15,248,000
Federal income and excess profits taxes, compared with $10,736,000 i»'
1943 and for the eight months ended Aug. 31, 1944, include $94,652,144
Federal income and excess proiits taxes, compared with $85,400,000
1,080,000
Zt2,750,000
.
Common
-
Co.—Weekly Output—
Gas & Electric Corp. report for the
that net electric output of the Associated; :.
Asosciated
1944,
1,020,402
■
for
E.
Atchison, Topeka & Santa Fe Railway—Earnings—
.
4,938,973
produce garbage
cans,, w.ashtubs and water pails at; capacity.
It will be the first of the
company's branches to be reopened
manufacture of essential civilian goods.—V. 160, p. 825.
the
22,
NOTE-—For
{->
10,538,449
17,423,563
_
—
Fed .excess, profits taxes
Reduction in taxes to be
•v
J.
and
rl'fi.'
possible to arrange companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
:,'T>
7
121,698
80,484
480,324
11,610,894
319,045
190,940
income
Normal, State and Can
Z:' taxes^~
►
President
Electric group was 127,672,397 kwh., an increase of 6,315,528
5.2% over the corresponding week of 1943.—V. 160, p. 1290.
distribution of
in
417,606
——
Output—
Vice
1179.
order.
5,238,841
178,170
16,961,290
4,439,80a
18,336,947
——
Balance
Profit
The company on Sept. 16 announced that its Atlanta (Ga.)
branch,
closed down partially—for nearly two years because of metal
shortages,
will resume operations in the galvanizing department Oct. 1 and will,
Executive
p.
the common stock,
of record Sept. 30.
last; on April 1 and
Oct. l, 1943, and on April 15 and Oct. 15, 1942,
!
Holders
of five-year
convertible secured gold bonds of Utilities
Public Service Co.. or certificates of deposit issued in respect of such
bonds, who have not exchanged them for common stock of Associated
Public Utilities Corp. in accordance with the amended plan of reor¬
ganization, dated May 1, 1937, of Utilities Public Service Co.. willreceive the dividend payable upon the stock issuable to them (in the
ratio of 50 shares for each $1,000, principal amount, of bonds or
certificates of deposit > only after surrender of their bonds or cer¬
tificates of deposit to the Huntington National Bank of Columbus,"
Columbus, Ohio.—V. 160, p. 322.'% .* •,■■'•.v.;;:";"'1.;
A
3,813,163
13,094,541
23,472,990
5,136,043
'■
American Can Co.—To Resume Civilian
and
no
; 9,052,004
20,758,807
2,714,183
u«-
Miscelaneous
$862,507
160,
or
see Louisville
$1.422.954,, Si,031,268
158,585
168,761
1073.
p.
74,459,008
67,118,669
revenues™
Operating profit
■*■:
-V.
1941
1942
;
475,158
oper.
V. Total
5,114
long-term debt
on
of
1943
149,848,450 121,958,172;
13,021,311
2,390,442
.Interest
Interest
:■;■;)'"■
$1,026,154
i-.
$202,971
Associated Public Utilities Corp.—Extra Dividend—
By.
Ry.
(& Subs.)—Earnings—
■
Cr26,165
—.
&
The directors
841,7$0
169,282,205+135,853,909 108,936,861
etc.—
1178,
-
°
445,230
190,041,013
sales
Other
598*138
201,103
•
Corp.—Changes in Personnel—
been. elected
Gas & Electric
of
Sept.
.'j;,
Balance
758.865 '
and amortization--.
Gas
68,155
464,520
.
404,080 r
461,441
244,292
3,108,424
759,072
699,600
exchange—
from
54,379
3,412,464
819,519
income—
oper.
Sell., gen. & admin, ex p.
Net
Non-operating
52,815
Years Ended June 30—
Cost
profits tax-.
trustees
ended
$430,912
126,555
3,978,333
Archer-Daniels-Midland Co.
817,517
>
741,700
has
President.—V.
160, p. 978.
Net
818,383
—'
——
/
- ;■
Period—
—V.
944,030
848,297
■•foreign
,
64,491
3,111.867
tax—
1943
$5,457,483:
J
railway
railway—
from
ry.
128,031
3,931,119
income—„
oper.
from
Net
$7,984,466
expenses-—
Federal
'V
'
$217,149
Associated
1.1941;
$450,520
167,948
136,887
From Jan. 1—
1,217,939
taxes
Provision
Loss'
S,
U.
ry.
1942
1043
$540,101
1944
$521,051
from
railway-:—
Net from railway
238,356
,
been
Ann Arbor RR.— •EarningsAugust
3,654,730
a
and miscellaneous
Provision
Other
repairs
;':v
in the preceding year.
Gross
$10,131,369
Maintenance
per
636,683
254,701
.■bperation--,;^;j„-„_---^^-,_---;^
Expenses of
1, 1940
dividend
share.—V. 160, p.-978./
preliminary statement for the year ended Dec. 31, 1943r'Shows
profit of £5,639,122, as compared with £7,790,282 imime preced¬
ing year. The decrease in net, it was stated, resulted/from the excess
profits tax.—V. 159, p.: 2.
"-;
:
hawker has
in
1944
taxes
1966.
•
Vice
a
kwh.,
to- holders of record Oct. 13.
A similar distribution
1, May 1 and Aug. 1. this year, on March 5, May
2
net
7
F.
office
George A. Reinhard,.
Engineer.—V. 160, p. 1178...
y
Chief
as
\
;
director
as
President's
Associated Electric Co.—To Sell Subsidiary—
.
7/
The
a
1943
sales, etc.)--.
on
,.7
ordinary
20%
the
Company has asked the SEC for permission to sell its entire invest¬
ment in Missouri General Utilities Co., Rolla, Mo., for $1,610,000.
; ;
The purchasers and the proportionate amount to be paid by each
are:
Genevieve Electric Cooperative, Inc., $991,000; Intercounty Elec-.
trie
Cooperative
Association,
$70,000;
Scott-New Madrid-Mississippi
Cooperative Association,; $52,000; Black River Electric, Cooperative, ;
$45,000: Crawford Electric Cooperative, Inci, $42,000, and the city of
Rolla, $410,000.
The city of Rolla would pay its portion alth $50,000*
and $360,000 in revenue certificates: to be resold by Associated to •.
Barleton B. Boh Co., Des Moines, Iowa, for $360,000.—V. 160, p. 1289.
Feb.
on
with
cumul.
corporation has declared a final dividend of -15 % ■ less' tax* qn
stock, making a total of 20% for - the year 1943i -against
The
the
$5,832,804
1,246,623
483,712
.Radiotelegraph
Rental of plant facilities—
Miscellaneous (gross profit
»•
Anglo-Iranian Oil Co., Ltd.—Dividend-
<
i
June 38
1944
A.
share has been declared on account of ac¬
conv.
prior preferred stock, par $25,
per
$5
just declared will amount to $1.25
Gross
$7,765,849
1,627,107
revenues—
w-.—
Aug.
to
rights there¬
7
1
Nov.
made
the
relinquish his duties
r/... v.
•
and Nov. 1, 1943, and in each quarter from Feb.
and inch: Nov. 2," 1942.
Arrearages after payment ;of , the
1,
,
15
of $1.25
on
work
■
p.
Johnson
P.
The
dividend
to
July 31—
before
profit
159,
Allen
Smelting Co.—Secondary Of¬
To Pay $1.25 Accrued Dividend—
A
/■
of
77
" //' %
■
+.
week
cumulations
operations
Aro Equipment
scribed.
part of a program for the debt retirement and
.%7; /
•
V
American Zinc, Lead &
Bonds
Issued—To Merge Subsidiaries—
profit
J.
,
week
Co., Carbondale, Pa.—New Mem¬
v
$5,860,183
;- Net
fering—Allen & Co. on Sept. 21 made a secondary offer¬
ing of 5,300 shares of prior preferred stock $5 cumula¬
tive at a fixed price of $48, less a concession of $2.50 per
share to members of NASD. The offering was oversub-.
Corp. and Commercial Mackay/. Corp., in the principal amounts of
$1,987,100 and $3,869,800, respectively, and the common stock purchase
warrants of the corporation were called for redemption on Sept.
1,
1944.
In addition, All America Corp. expects shortly to pay its serial
notes held by The National City Bank of New York in the amount
of, $2,394,000.
Corporation and its subsidiaries will then have no
indebtedness
other than
for supplies,
current traffic balances and
taxes.
It is contemplated that in the near future All America Corp.
and Commercial Mackay, Corp, will. be merged into the corporation as
a result of which- the corporation will hold directly 100%
of .the out¬
standing shares of Mackay Radio and iTelegraph Co, and The Com¬
mercial Cable Co. and .99.9# of the outstanding shares of All America Cables and Radio, Inc.; and Sociedad Anonlma Radio Argentina.
A total of, 435,769Va shares of common stock of the corporation
Were purchased through the exercise of warrants called for redemp¬
tion, the corporation receiving therefor $162,100 principal amount of
Income debentures of
Commercial Mackay
Corp. and $3,627,200 in
cash.
As a result the corporation vnow has outstanding 3,476,268
shares of .stock.
In 'addition, 38,617 shares of stock (out rof 875,047
shares held in the treasury) are being reserved for sale ;in England
•at the warrant subscription price to holders of warrants,located in
Great Britain, Northern Ireland and Eire' who, because of war condi¬
tions/did not receive notice of the redemption of warrants until after
August
1289.
p.
/■;/■
/
Ctel—Changes in Personnel—
Taxes
ber of Executive Committee—
simplification of the corporate structure of the corporation and its
subsidiaries, all of the outstanding income debentures of All America
under bn or before Sept.
Net
totaled
Stevenson
;'"''■ "7,/'"
/;/'/.
■
—Additional Stock
160,
/■'•■>
Sales'
Inc.—Output—
82,021,500 kwh. for the corresponding;
,
for Purchase
Arnold Constable Corp.- -Earnings—
6 Months Ended
,
express
.
p..
manufacturing
;
properties of this company for the
84,414,000 kwh.. an increase, of
electric
1944
23,
American Welding
while mail ton miles jumped
carried during August
totaled 1,164, and express ton miles mounted to the record' figure of
630,001.
^-V'
Nearly fifty thousand more revenue passengers were carried during
the first eight months of 1944 than during the corresponding period
of
1943.
Comparison of the two eight-months periods show sub¬
stantial increases in all phases of American Airlines' traffic.—V. 160,
August increased 207 tons over July,
of
the
of
Sept.
the output of
over
Co.^-Bids
the -general administration of the company.
C.
elected Vice-President in charge of manufacture.
The total mail load for the month
the previous month.
during
of
output
ending
2.92%
since;—V. 160, ,p; 426.
none
C. J. Backstrand, Vice-President, will
of
—V,.
Inc.—August Traffic Statistics—
1941;
Light
' ;
Jr., succeeds Mr. Hawker
additional funds to position it to meet expected future
requirements for the purchase of leaf tobacco.—V. 160,
p. 1178.
///•'■
highs in passenger, mail and express figures for American
established, during August, it was announced on Sept.
All-time
Airlines
Armstrong C?rk
$100^000,000 Bond
considering
authorized the company
to purchase 1,500 new freight, cars for $4,856,000.—V. 160, p. 977.
Federal
15,
&
/ Oct. 2. 1944.—V. 160. p. 1289.'• :,,
Contracts—
Financing—The company, it was announced Sept. 27, is
issuing $100,000,000 debentures through a
syndicate headed by Morgan Stanley & Co., to provide
13,034,359
3,567,004
1,275,295
Sept. 22
The
I.;,1
Nov.
Company is inviting - bids for the purchase as a whole* from it of*
$30,000,000 first mortgage bonds, series,:due 1974;
The bonds: are to be- T
dated Oct. 1, 1944; ' are- to mature Oofc.
1
1974,
v •• :;/
•
1
•-vjBidS will be received by the company at Room 2244, No. 2 Rector St., •
New York 6, New York, up to 12 O'clock
noon, Eastern War Time, on
The company 'reports the Government made no recove'ry"through
renegotiation of contracts of-, this company land its subsidiary, Ameri¬
can Store Dairy Co.,
for the year 1943.—V. 160, p. £289/;'/
1941
.
,
$2,928,105
25,244,176
8,430,691
railway
oper.
V'.'v
0er..share has been' declared on the common
to. holders- of reeord Oct 5.
A similar, distri-,
cents
on
$30,000,000 Bonds—
intends .to
,z;,/.7.7/:7V[:
American Tobacco Co.—Considering
Gross
Net
1942
1943
$3,291,750
1,488,462
265,172
$3,341,097
1,038,484
219,000
from railway——
oper. income—
1178.
160, p.
10
made
was
Arkansas Power.
>
.
■1944
1
ry.
American
„
,
'
from -railway-—
indebtedness..
pastv due
dividend of
bution
proceeds, in retirement of its outstanding debentures, for
in
other securities or for other corporate purposes.—
investment
v.
of
account
A
stocks-payable Oct. 16
SEC
the
on
the
Argus, Inc.—l0-Cerit Common Dividend—
Co.—Siib.' to Pay $350,000
•.
"/ !•
,vv" '7'7
American Stores Co.—Renegotiation of
Earnings—
AugUfit—
Cross
asked
has
Monday, October 2, 1944
*
Utilities Corp., a wholly-owned non-utility subsidiary,
to authorize the payment by it of $350,000 to its
Public
Texas
/
.
,
CH^dNICLE
Liabilities—Notes payable, bank,
Federal income taxes,,
estimated
$250,000: accounts payable, $218,044;
$2,275,000; accrued taxes,, including
security taxes, etc.> $155,254; other accrued liabilities, $154,307;
reserve
for contingencies,
$55,603; cumulative convertible preferred
stock (pal* $20), $1,246,600; common stock (par $1), $3,486,779; paidin surplus, $63,690; earned • surplus (including undistributed earnings
of-Canadian subsidiary, adjusted to U. S. dollar equivalent, $152,695),'
social
$2,045,222; total, $9,950,500.—V. 160, p. 332.
Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4321
■:
Austin, Nichols & Co.
income
Depreciation
Interest
Net
•~~V.
1942
1941
$464,092
$564,082
711,951
602,225
407,694
Cr6,266
(net)
Cr3,030
'
.
'•
i,
who
502,230
4,000
4,000
will continue
10,891
20,000
13,540
1—V.
350,000
$107,069
Ohio
locomotives
$174,376
RR.
has
the
with
15,000
$21,507
=$29,312
Baldwin
placed
order
an
10
according
Joint facil. rents
$
of
1944—8 Mos.—1943
the
He
$
34,616,648
Total
4,754,691
696,028
764,953
; 4,448,601
1,288,463 Y 1,208,263
202,552
182,495
3,960,308
31,182,711
4,577,492
4,570,003
6,916,865
35,760,203
51,831,470
95,363
151,453
657,110
1,106,762
fr.
inc.
avail.
for
:
■.
,■
,
fxd.
is;
head
which
Mr.
has
it
of
the
of
2,532,868
18,535,930
cooperation
Net
4,232,544
16,567,163
ry.
Gross
research
for
Bendix
Chairman
laboratories
basis
of
He
Detroit
1943
AA
1942
553,516
486,519
441,335
railway™.
13,550,118
12,467,864
14,217,356
13, 378,211
railway.—.
'3,334,139
2,453,201
5,662,302
7 171,288
income
2,992,211
1,206,415
.2,321,564
5, 710,870
oper.
$2, 185,235
1,287,908
35,103,093
50,724,708
Places Locomotive Order—-
-
'
,
"
V
The
of
in August.—V.
At
will
Railway
Rent
income—net
$6,299,340
413,713
519,515
3,941,131
-
234,837.
Income
37,029
45,895
187,664
$28,703
*$67,171
7,776
4,776
$926,376
24,921
_A
available
Net
income
'Debit.—V.
B.
administered .Under
trust
a
$36,479
*$62,395
195,828 i,
18,060
*$114,141
*$10,132
_________
160, p. 978.
$1,048,692
382,469
418,289
<
A
$568,828
'■
Lehman* Bros.,
were
102.039
Aug.
'
for
3 Ves,
1
in. part,
Halsey,
25 on
102.101
Stuart
&
,
160, p.
1179.
"Net
/
1944—6 Mos.—1943
639,181
' 381,866
$1.06
$l,0Tl~925
662,033
502,162
$1.40
$1,038~924
*
shs,
outstdg.
Earns, per com. sh._—
502,162
interest,: depletion^ and provisio
for
profits taxes.—V. 160, p. 322,;.;A; A'A A?
381,866
$1.61
* After
excess
;
$32,727,971 $31,621,531
profit—.
Com.
$2.09
Federal
income
Co.,
advised of
were
"The
plan
the
clay* froth
Donchester
/!
hole.
"A
■
method
a
mentioned
of eight months
the
■
considerable
15-month
Also
at
that
time
the
,
has
been
now
under
way
for
Beattie
have
period
shaft
and
mine
workings,
been
used
in
preparing
erty for actual production.
the
Donchester
a
Increase
development work
diamond
ore
drilling
body;
below
also
the
on
$6
in
ore
position
indebtedness of
Bank
new
of
of
the
$512,000 in
Commerce.
It
Operating
is
company
the form of
at Sept.
as
a
loan
from
1,
1944,
The
on
:
and
to
own
Commercial
and
Financial
Net
:
a
shows
Canadian
due
U.: S.
Patent
operating
to be
in
factory
standard
post-war.
pre-war
Price
of
gas
The
firm
certificates
T.
Brandt
becomes
factory manager.—V. 160,
723.
p.
i
60,000 shs.
37,492 shs.
60.000 shs.
Earnings--'
*
-
;
.1943
'.1942
'
$8,855,441
4,979,540
523,496
933,208
900,549
$3/337,296
$2,956,524
513.524
341,091
Gross
Income
817,703
income
817,703
$1,786,727
$1,901,689
24,216 ,2
13,900
.;
$1,810,943
______
Net
deductions
$1,915,589
571,558
$1,340,943
603,707
$1,839,293
Underwriters—The
amount
Office)
of
$1,507,058
5,998
$1,848,982
$1,513,056
605,515.
604,208
Ripley
&
Co., Inc.
Glore, Forgan & Co._
•
&
Republic
$908,848
the
underwriters
and.
the
principal
Bosworth. Chanute,
Loughridge & CoField, Richards & Co.
RR.—Notes Authorized—
18
authorized
payment
of,
&
The
(before
1943,
directors
have
$2,421,374 $18,133,995 $15,396,795
declared
no
dividend
a
of
$1
value/payable Dec.
par
distribution
was
made
1
per
share
to'holders
June
on
on
of
offices:
Dana
Seibert,
President;
135 S. La Salle St.,
class matter February
25,
1942,
William
D.
the
record
loMius.year.
In
paid 75 cents on June 15 and $1 on NDeh. 1.
of share warrants should forward coupons
No.\74\ to the
company at its office, 25 King St. West, Toronto, Canada, W to the
English agents of the company, Canadian- & Qeneral Finance Co.,
Ltd.,
99 The
Drive, Hove, Sussex, England, accompanied by the
Canadian Custodian Form G (copies of which can be obtained from
any Bank in Cahada and from the English agents of the company
company
Holders
,
-
similar
A
the
$2,792,015
$1 Dividend—
ordinary shares of
13.
—
1944—8 Mos.—1943
$5,157,225. $4,523,873 $38,159,967 $33,903,893
2,365,210
2,102,499
20,025,972
18,507,100
amort.).._
To Pay
Oct.
1944—Month—1943
from oper.
above
referred
to)
and if
the Custodian's
consent
is
received,
check
a
in
Canadian, currency will be forwarded to the holder for the value
coupons against cancellation thereof, subject to the deduction
where applicable of the Canadian non-resident income tax.—V.
160,
P.
979,
the
*
Breeze
Corporations, Inc., Newark, N. J.—To Expand
Jones,
Secretary-of
Commerce,
has
announced
that
the
De¬
Plant
Corporation has authorized an increase in its contract
with the above corporation to provide additional
equipment in its plant
at Elizabeth, N.- J., at a cost of approximately
$60,000, resulting in
overall
an
commitment
of
approximately
$300,000.—V.
British Columbia Packers, Ltd. (&
1944
836,
p.
Subs.)—{Earnings—
1943
$915,646
159,
1942
1941
Managemt.
&
exec.
Legal; fees and
sal.
exps.___
$740,454
289fi59
40,711
47,700
£3$)23
/f1^150
287,256
44,923
47,899
Interest
$1,412,067
356,526
depreciation—
$1,399,065
332,424
8,277
for
-
7,635
■
etc.
1,125
3,927.
212,709
remuneration
Directors'
.;
665,260
37,900
51756.
4,024
598,849
154,404
disct.
and
Earnings
1,000
__™_
exps.—
1,075
4,021
.
4,021
$281,472
per
$308,044
$423,510
$206,852
$2.07
$2.25
$3.11
$1.51
share.l---
Consolidated Balance Sheet, April 30, 1944
Assets—^Inventories, $1,936,706;
unexpired
insurance
and
prepaid
items, $20,582; expended on 1944-45 pack, $23,740; sundry debtors,
$885,003; cash at banks, on hand and in transit, $117,162; sundry
investments, $2,724; estimated refundable portion of excess profits
tax, per contra, $85,662; capital assets,
$2,319,239; construction in
process; $31,166; licenses, trade marks, goodwill, etc., at book values,
$1,115,060; total, $6,671,834.
;
Liabilities—S.iindry credits, etc., $1,180,707;
and
income),
other
taxes
$293,302;
capital surplus,
$1,362,633; total,
reserve
for taxes
on
in¬
(after
payment of $99,909 on 1943-44 taxes op
stock (136,279 shares, no par), $3,600,000;
deferred surplus, $85,662;
earned surplus,
$6,671,834.—V. 158, p. 1527.
capital
$149,530;
$200,000
200,000
Brooklyn Union Gas Co.—Trustee—
Merrill, Turben & Co.
200,000
Co.
750,000
Newhard, Cook & Co.
200,000
Co.
750,000
Wm.
200,000
Guaranty Trust Co. of New York has been appointed trustee,
and paying agent of principal for $12,000,000 25-year 4%
sinking fund debentures due Sept.15, 1969, issued under an indenture
750,000
150,000
dated
Co.,
Masten & Co.
R.
Curtiss,
Staats
House
Pacific Co.
Sutro
&
200,000
Co.
&
Co.
of Calif
150,000
Co._________
Co.,
Sept. 15,
Two Issues
1944.
See V. 160,
p.
1290.
of Bonds Called, for
Redemption—
The
the
'l60,~~p~~1290r"
Dana
•
The
registrar
150,000
750,000
B.
Cr$9,84Q
:
A. ,E,
750,000
William
Dr$81.475
.
J,000,000
Inc.
—V,
y
3,069,826
Co.—
Wisconsin
Central
1943
$3,079,672
-
Stone &
Spencer .Trask &
Becker
1944
$2,930,013
3,011,488
{lt2OO,OO0
Hayden,
G.
$1,243,467
by each follow:
$1,20Q,000
Vl,200,000
Harriman,
A.
of'
bonds underwritten
Smith, Barney & Co._
Blyth & Co., Inc..™
Sept.
expenses
deprec.
come
names
159,
$3,868,968
earnings
603,707
9,689
574,646
$1,239,385
income'
Gardiner.—V.
! !■" "•
„
Profit
(net)_™
H.
$2,451,856
597,013; A 617,904
revs.____
oper.
f.
v
Prov. for inc. taxes,
976,596
exc.
approps
Robert
Ry.—Earnings-
Maine
&
on
earns,
.Net
Prov.
T
$3,201,443
and
of
service
Operating profit
1941
$12,081,659 $11,704,809 $10,193,922
6,786,692
6,483,046
5,641,839
1,093,889
907,871
662,351
revs
inc.
death
.
Years Ended April 30—
12 Mos. Ended Dec. 31—
::
the
15.023 shs.
545,610 shs.
by
619.
P.
Operating
fense
800,000 shs.
director
caused
of
in
Jesse
Outstanding
$10,000,000
"
a
Company, Publishers,
twice a
week fevery
102
25
Spruce
St..
New
York
N_ Y.,
company has called for redemption as of Oct. 27. 1944, all of
outstanding 20-yerfr 5% debenture bonds due June 1, 1950, at
and interest, and as of Nov, 1, 1944, all of the outstanding first
BEekman 3-3341.
Herbert D. Seibert, Editor and Publisher;
Riggs, Business Manager.
Published
Thursday
(general news and advertising issue)
with a statistical issue on Monday].
Other
Chicago 3, 111. (Telephone: State 0613); 1 Drapers' Gardens, London, E.
C., England, c/o Edwards & Smith, Copyright 1944 by William B. Dana Company.
Reentered as secondat the post office at New York. N. Y.. under the Act of March 3
1879.
Subscriptions in United States and Possessions. $26,00 per year; in Dominion of Canada. $27.50 per
year; South and Central America. Spain; Mexico and Cuba, $29.50
per year; Great Britain. Continental
EuVome/(except Spain), Asia, Australia and Africa, $31.00 per year. NOTE: On account of the fluctu¬
ations in the rates of exchange, remittances for
foreign subscriptions and advertisements must be made in New York funds.
William
is
which
ranges
Administration
Brazilian Traction, Light & Power Co., Ltd.—Earns
the
received by the
1974—8100,000,000
999.635
Other income
The
the company holds
Ltd., which cost $1.23 per
(Reg.
and
'■
Period End. Aug. 31—
'
..
property,
Chronicle
at
not
Gross
due 1968.
par)
revenues
oper.
for
reserve
The Nipissing Mining Co., Ltd.
its
labor
•;
ICC
?
104,500 shares of Frobisher Exploration Co.
share, and substantial blocks of shares in Home Fault Mines Ltd. and
other prospects in Northern Quebec now in the
process of exploration."
—V.
159, p. 634.
The
(no
profits taxes
Prop, retire, and amort.
largest
Ltd.
this
in
of
Office
A
160.
Bond
Net
Prov.
estimated that the cost of carrying out the
addition
making
in further evidence of, but not- in payment of, the unpaid
of the purchase price of certain equipment acquired under
existing lease and purchase agreement—V. 160, p. 1290,
an
re¬
Authorized
income)
approximately a further
Assurance has been received that these additional funds
will
be made available by further
.loans-from; the Bank and the two
In
in
cooperate
portion
the
par)__
(no par)
Total taxes (other than
=
program over a seven-month period will be
"Incidentally,
cumul.
Maintenance
$500,000.
shareholders—Ventures
pref. stock,
Operation
',
prop¬
AAA
gone.
gravel will similarly be postponed until the plant is again back
production bapis, which it is expected will be in March, 1945.
financial
of
Debt.
May 31,'44
financial
this
proceeds
special
;.y,.;V=. \v,,■■
12 Mos. End.
the 4th, 5th and 6th levels in the
out- further exploration work by
level
such
utility company
Summary of
"3. Continue removal of clay from the Beattie
mine.
"Under this program, production of gold will be discontinued
for the
time being.
Pumping clay from the glory hole and filling it with
"The
Funded
Common stock
carry
6th
with
or
Stock, Giving Effect to Present Financing
1st mtge. bonds, 3% series
$7 pref. stock, cumul. (no
.
Donchester
recon¬
$1,702,721
public
a
Funded Debt and Capital
removing
developing the
standpoint has not
bqjJji on a self-supporting basis. ..
A-.'AAA* AAAA'A. ;•••;■: ."•• A? .;A
^(jn^-eviewing the situation, the directors have decided that it would
be better to discontinue production and,
instead, carry out the fol¬
lowing program:
AA AAV
■
••■•■....-A
A'- A" 'AAA:
/,
"1. Continue the production of arsenic from stocks in storage. '
•
new
public
a
;A-
consequently, the operation from
"2.
is
series,
"As proposed in the report, to the shareholders of Jan.
31, 1944, the
plants commenced production on a 600 ton per day basis but, due to
t-he labor shortage, it has been impossible to maintain this
tonnage
rate;
It
in
production, and pumping the clay out of the glory
AAA' ■ A?
AA '.A A'-'A" •' A; \A".. A?
v;,?.
proportion of the funds expended during the last
'
,
Jefferson,
period
a
1
-<
applied to retire bonds
■■
by which the undertaking could be financed.'
above
be
shareholders
and considerable progress has been made
for
ore
body.
ore
"
Purpose—Net proceeds (estimated $9,908,000)
Maxwell, President, In an interim report to the shareholders
on Sept. 12 stated in part:
>■
"A. ' A.A''':;A
A*;A-A AAAA?.'
"'An interim report issued to shareholders for the
period ended Jan.
31, 1944, outlined a plan to rehabilitate the Beattie mine and develop
Donchester
but
Peabody & Co.,
101.888 'for 3Ves; and
Inc.,
7.
^
}
the company to issue at par (,1)
of promissory notes in further evidence of,
the unpaid portion of the purchase price of
certain equipment to be acquired under a lease and
purchase agree¬
ment, and (2) a promissory note'in the face amount of not
exceeding
re¬
company, together
with such additional cash
(estimated $192,000)
from general funds as* may be
required, will be used for the purpose
of redeeming, at 101%
and int., all of the company's $10,000,000 1st
& ref. mtge. gold bonds, 41/2%
and
B,
new
with
y.".y' \
'
J.
not, exceeding
Kidder,
3VsS.
requirements
must
as
duration.
of
j
the
-
board
Boston
of
Beattie Cold Mines (Quebec) Ltd.—Discontinues OutW.
3Vbs;
is a subsidiary of National Power &
and Share Co. " Company is engaged,
utility, in the purchase and distribution of electricity,
transportation of-passengers, and generation and distribution of steam
for Jieating .purposes, and activities incidental to such
operation,; It
has.no subsidiaries.
--y
■■■■>,■"'r-:.'!
For the 12 months ended May 31,
1944," operating revenues were
$12,081,659, of which approximately 59% was derived from the sale of
electric service, 40% from transportation service, and 1%. from sale
of steam heating service.
as
Earnings—
1944—3 Mos.—1943
*E.
which
employment.
limited production of consumer goods
present
war
contracts
provided- the
agencies
production
those
elected
cost
.The
Ala., and
Light Co. and of Electric Bond
:
Beatrice Creamery Co. (& Subs.)Period End. Aug. 31—
Net sales
Howard
new
Balance
Company—^The company was incorp. in Alabama, Mar. 25, 1924, for
County
!
-
property
1
in the Spanish situation and
sterling credits will permit transfers for financial purposes, he said.
—V.
of
perpetual
it is hoped that the
its increased accumulation
and
improvement
of
facilities,
has mapped out a program
potential unemployment in the
Knecht, former factory manager of Borg & Beck, a Chicago
has been appointed Vice'-President and General Manager of
the
—V.
prices,
replacement fund
or
release
Henri Speciael, Chairman, told the stockholders at
meeting.
'<(J
already concluded agreements with several countries for
obligations,
Other bids
bid of 100.13.
a
for
demption prices.
fund
bonds,
international
production
Sept. 16.
836. '!vV.
Total
at the option of the company in whole or
time on at ldast 30 days" notice at certain general re¬
Bonds will also foe redeemable for current' sinking
at any
mortgage
of
of
on
company
manufactured
to
Boston Elevated
Bond§ will be redeemable
"
demption
settlement
be
Month of July—...
Total receipts
or until the sinking fund requirements aggregate $3,000,000. is designed (on the basis of the initial issue ofv
$10,00^000 prin¬
cipal amount) to retire $2,900,000 of 1974'series bonds.
.
Spain has
the
minimum
very
limited
been
on
at
purchase of materials and equipment. > Therefore gross ;-income
accruing to the company in the past year has not been .received and
it is impossible
to/resume payment of interest on the prior lien or first
the
.
Trust
V outstanding,
for
annual
Bankers
1974.
Interest payable Feb. 1 and
principal office of Central Hanover Bank and Trust Co.,
New York, N. Y., corporate trustee.
The annual sinking fund, com¬
mencing in 1945 and continuing so long as any 1974, series bonds are
$630,403
Alley,
recent
that
Jr., of Whitings, Weeks & Stubbs of Boston, Mass.,
to fill the vacancy caused by resignation
of
John
R.
Macomber.
George L. Wrenn 2nd, Vice-Treasurer
of
Provident Institute of Savings, has been elected to fill the
vacancy
p.
the First Boston Corp., 101.539 for
Dated Aug. 1, 1944; due Aug. 1,
New York, has been elected a director to - filPHhe
Vacancy created by the death of the Marques de Alella.
Exchange restrictions prevent the sending of,funds from Spain except
the
with the
ley & Co., Inc.; Glore, Forgan & Co.; A. G. Becker & Co.,
Inc.; Central Republic Co.; Hayden, Stone & Co.; Spen¬
cer Trask & Co., and -the Wisconsin Co.
$1,030,632
$951,297
46^611 A';, 51,746
agreement
160, p. 978. '
The bends were awarded Sept
.
will
L.
has
were priced at 101 and accrued interest.
Other members of the offering group are Harriman Rip-
Barcelona Traction, Liglit & Power Co.—New Director
J.
be
ceived
charges
charges
Fi.yd
expansion
announced
Howard M. Biscoe
on
retirement income, plan,
The^ bonds
$834,804
for
fixed
y
878,523
'
$748,712
AA.
income—net
$5,217,627
3,504,300
1,609,497
:
*$113,066
Net railway oper. inc.
Other
Crl5,608
A" *$3,326
income
oper.
$390,841
*
Boston & Albany RR.—New Directors—
Birmingham Electric Co.—Bonds Offered—Offering of
$10,000,000 first mortgage bonds, 3% series due 1974,
was made Sept. 27 by a
banking groiip headed by Smith,
Barney & Co. and Blyth & Co., Inc;, as joint managers.
1944—8 Mos.—1943
$640,224
annual meeting held
the
Co. of New York.—V.
v
160, p. 1290.
1944—Month—1943
1
all plants of the corporation's
Norge
best* peacetime
year by 50%
on the
call for the expenditure of "very sub¬
which
plans
government
available
division,
Sept. 27, the stockholders approved
effective as of July 1, 1944,
under
which all
employes of the company., and its subsidiary, the
Standard Milling Co., are eligible at no cost'-to themselves. The plan
Bangor & Aroostook Railroad Co.—Earnings—
';'I. Period End. Aug. 31—
Railway oper, revenues
Railway oper. expenses
Railway
tax
accruals-
the
available
the, division.
George C. Spitzmiller, Vice-President in charge of sales, and Harold
B.
Viedt, Vice-President in charge of production, have been elected
f an employes'
new
engines will be exactly the same as the 20 B. & O. Mallets
which Baldwin has just completed delivery.
They will cost $272,300
it is expected that delivery will begin in May of next year
be completed
the
pre¬
to
,
apiece and
and
|
;
of
applied
the
go into
conclusion of its
necessity.
,
The
on
Directors, Etc.-—
not
New Vice-President—
160, p. 978.
directors.'
company has placed an order for 10 additional Mallet loco¬
motives with the Baldwin Locomotive Works,
according to an announce¬
ment made by Roy B. White, B. & O. President.
•••
"AvwV
a
of
period and accelerate
in
now
are
T.
■
to
that
for
stated
before
units
;
Best Foods, Inc.- -Two New
A.
payment for
redemption
and be of inestimable^ aid in placing
returning.veterans in permanent
jobs best suited to them."
*'
V
Pointing out that the company has experienced a 40%
increase
in plant capacity since the start of the
war, Mr. Blood stated that
present plans also contemplate the continuation of operations in a
Muskegon plant which was"*ucquired at the start of the war for the
production of Oeflikon gun mounts,
Motor-compressor refrigeration
1941
income™
1,018,649
or
are
as
war
needs .decline,
he stated.
Mr. Blood continued, "would'permit us to increase
consumer goods .output in somewhat the same ratio as
war production
is curtailed and would, at the same
time, minimize the employment
gap incident to reconversion, speed the increase in new
employment
RR.—Earnings—
'
advance
an
funds
"This program,"
:
...
$2,216,047- $2,374,925
'O '
exceed
present
materials
new
.
as
purchase
these
stock, they will be Used to redeem preferred
1945, at $110 per share.—V. 160, 'p, 826.
1,
sums"
.
cut
even
has
product activities and
new
and
that
Norge is prepared to
1, 358,218
1. 107,684
;
will
also
will
corporation's
779,847
from
ry.
in
extent
1290.
President,
version
Vice-President.
a
the
the
preferred
April
of
Blood,
through .the long-range planning
160, p, 1290.
'./
'„
'1944
:■
of
appropriate
and
$2,143,780
oper.
from
—V.
30,366,952
.2,241,895
,
Co., Inc.—Purchase Fund—
to
post-war employment in
stantial
the
railway1-—
From Jan. 1—
.
with
be. applied
To
160, p.
division
20,357,756
Net
an
in
to
stock.
Total
>
railway—._—
from
Net
6,765,412
income
&
aside $220,000
Borg--Warner Corp.—Plans Expansion—
formerly
developed
was stated.—V.
A."■'•••.'A
from
Net
;
■
.
'
Hurley,
research
central
work, it
fund,
on
—V.
stated.-
was
director
opportunities
August—
Gross
4,962,913
;.i 4,474,640
charges ;™_,
charges —•-A™ '■
2,232.745
Fixed
•
it
A, -Kucher,
Net
Income
which
Bessemer & Lake Erie
46,868,557
609,695
6,328,664
588,201
deducts.
ferred
-t.
committee's
4,81.0,765
(net)_
income
sinking
effective
are
and .immediate post-war period.
responsibilities
corporation
business
.
Miscel.
changes
company has set
.purchase
charge of .investigating and developing
32,058,508 258,967,149 237,029,148
20,554,123 187,317,324 155,111,736
4,228,273
34,367,886
29,391,991
25,003,069
:
The
long-range planning committee, has also been elected
income-'
Net ry. oper.
Other income
(Sidney) Biumenthal
The
Mr. Hurley will remain responsible for
getting into production and
accelerating output of certain important new war material products
A.
1944—Month—1943
,i.
v
1395
•
1967.
p.
armed services,
Period End. Aug. 31—
Chairman of the board
as
announced.
Baltimore & Ohio RR.—Earnings—
A-A
(
staff executive
on
production matters, will assume, deals particularly with the cor¬
poration's requirements for plants and facilities, factory layout and
tooling of the corporation's products, Ernest R." Breech, President,
additional
Works,
Locomotive
for
new
,
revenues
■
Roy T. Hurley has been elected Vice-President and has been assigned
special problem with which the corporation is confronted in the
Roy B. White, B. & O. President.
They will.) cost $272,300, each and it is expected that delivery will
begin in May of next year and be completed in August.—V. 160,
p. 1075.
'
Operating
V
the
to
Operating expenses
Railway tax accrualsEquipment rents (net I_-
•
I
stock
Baldwin Locomotive Works—Order From B. & O.—
&
'
Bendix Aviation Corp.—New Vice-Presidents—
The
mallet
159,
reconversion
Baltimore
I
"4,000
7,620
160,, p. 3.
The
•
Vice-President in charge of accounts and finance
1935, has been appointed President,-succeeding Charles F. Sise,
Nov.
3,494
350,000
-—;
taxes™-
profit
Ut>|-
.
Frederick Johnson,'
since
"
4,000
—
_
prov. for Fed.
I
:•
Bell Telephone Co. of Canada—New President—
1943
$1,135,191
$1,170,249
profit on sales—
Selling and gen. exps™
Other
Inc.—Earnings-
1944
21—
Gross
•*'
-
•
'
4 Mos. End. Aug.
\
ixiHwowvn
**■
y.
THE COMMERCIAL & FINANCIAL CHRONICLE
1396
lien
mortgage 5%
gold bonds,, series B, due May 1,
Payment will be. made at the City Bafik
refunding
and
fit
1957'
and
103
Holders
ft'bove
either of the
of
payment
receive full
issues may
two
the bonds at
presenting
by
office of the trustee.-%
the
Basis—
Stock To Be Placed on a Quarterly Dividend
,
of 25 cents per share
1 to holders of record
Oct* 7, and voted to pay dividends on this issue in the future on a
quarterly basis.
Distributions of 25 cents each were made on May 1,
1944, and on May 1 and Nov. 1, 1943.—V. 160, p. 1290.
directors
The
the
on
no
Sept. 27 declared a dividend
on
value common stock, payable Nov.
par
260,409
While
1928,
New York, N..Y.
trustee, 22 William,St,;
Farmers Trust Co.,
immediately
and
interest.
Burry Biscuit Corp.—Forms Two New Units— z
W. Burry, President, on Sept. 19, disclosed the formation
George
subsidiaries
two
to
respectively,
engage,
the manufacture and
and polishing prepara¬
in
divergent lines as cleaning
distribution of such
deodorants and cosmetics.
The new
their products principally
through outlets established by the parent company for its varied food
lines, are the Poly Clene Co., Inc., and the Lucident Co., Inc.
Mr.
Burry, for the present, has assumed the Presidency of the former,
While Samuel Lehrer, previously an executive with the Lehn & Fink
Products Corp., has been named President of the latter subsidiary.
Preparations for* the new enterprises, Mr. Burry said, have been
under way for several months.
The new products themselves, he added,
tions
hygiene products, household
subsidiaries, which will market
oral
and
'
have
resulted
research
extensive
from
at
laboratory established in
a
N. J., more than a year ago.
Processing and packaging
operations of both subsidiaries are to be conducted in a newly leased
East
Orange,
plant building in Newark, N. J.—V. 159, p. 2630.
,
war
years,
further expansion program
a
underlies, the present
,
issue of debentures. For the new .money is for the purpose of expanding
the company's manufacturing facilities at Drummondville
to. provide
Liabilities—Note
payable,
$60,000;
accounts
payable,"
$1,515,220;
liabilities,"$1,035,922; instalment of funded debt payable Aug.
31, 1944, $250,000; long-term debt, $11,455,000; reserves, $2,730,247;
minority interests in subsidiary companies, $83,524;
67c cumulative
accrued
productive capacity—-for the manufacture of plastics, chemi¬
fabrics—and to increase the working capital.
The extent
development is indicated in the estimated increase
in the number of employees from the current total of around 3,000
to that of 5,000* when the program is'completed. ; \v '" ;
) 1
/
increased
and
cals
of
the
projected
preferred
total,
of the company for the first six months of 1944, shows
profits of $2,432,00Q, and total income of $2,506,000. After
for
depreciation apd amortization of patents and trade
marks, ,the balance of $2,20fj,000 was at the rate of over ,25 times
the annual interest charges-on the hew debentures. Over the period
of seyen years, to Dec. 31, 1943,
interest on these debentures, on a
Chesapeake & Ohio Ry.—Equip, Issue Awarded — A
group of commercial banks headed by the National City
,
basis,
earned
was
earnings represented
Canadian
times,
17
Lines
New
in
England— Earnings
1Q43
railway—
$115,900
$115,400
from»railway
_>joperi income—:.
Neb
Net
*102,667
*53,945
ry.
From Jan. 1—
Gross
from
Net
from
Net
ry.
railway
*29,551 Z%
'V!
*152,283 "
*13.155
••
*91,131 L*
»
*68,241
1,165,700
*285,989
*388,055
160,
*728,974.
*836,846
'
1,210,703
1,527,500
68,312
91,081
*'541,552 h
*403,255
p. ;979.
on
bid of 99.807 or, an interest cost
a
the company of
•
First
National
Bank
Midland
National
Bank
Other
bids
of
Trust
of
of
Richmond.
received
group
Cincinnati;
Co.
for
Net
sales
Cost
of
•
Period—
Va.
the
Traffic
$705,108
operations^™—..Z—,
Profit 'from
Other'
income
a>28'? 422
$o-*u,s (4
Period—
zL.fi—0:i-i-:
income
Total
Interest paid
and bank charges——
Miscellaneous
Prov.
for
Prov.
for
Fed,
1(209
862
>
t V
v
2,541
53/699;"/
52,316
-■■■-h
442,146
442,637
50,000
;
50,000
'■
Net
$108,079
$144,950
profit
•.
share
$88,607
net -profit
of
1944—12 Mos.—1943
zz.;v:' Szy-hi-wi-tv $
Net -sales..:—23,574,658
"
:
profit —J
_f/
627,877
,
j,,: $
15,371,168 207,642,547 172,027,819
8,804.118
8,030,399
817,493
'Subject to the renegotiation: provisions of
Appropriation Act.—V. 160, p. 827./:.:,. - /'//./'Z-
the
National* Defense
!
•
applic.
to minority stockholders
Pollock's, Inc
on Pollock's,
Inc., 6r/c cumul.
pref, stock
of
*4,849
*4,846
4,225
„
5,924
11,141
Central
Divs.
Cash
dividends
Earnings
per
profit--—$135,875
••$97,308
51,861
42,483
$0.75
V $0.51
share
common
'Proportionate share applicable to
Consolidated
.Assets—Cash
tory,
$450,756;
of life
hand
on
-
•
4——■
—
Balance
and
in
-
.
33,640
'
banks,
inven¬
;
Ly/V/v:
;
13,
159,
like amount of 4%
a
California
,:
Water
Service
,12 Months Ended Aug. 31revenues
——1
Operation
7
•
struction
chargeable to
Net
—V.
'
160, P. 827,
rate
bl not'
to
j-'.,
._/■•
foundry
liias
Jesse Jones, Secretary of Commerce,
Corporation has authorized
above
company
Mich.,
to
at
cost
a
of
commitment
of
in
be
$102.50
plus
for
nor
the
to
...
more
offer
accrued
at
certain
and
determined
The
to
per
by
share.
offer
will
■V
com-
:
.
'
;
:
the
unex¬
the
public.
>'
the transactions be¬
the
New
certificates
income—,
11,331
from
ry;
—V.
1941
$762,003
$717,810
213,992
213,204
$735,008
260,221
..
160,
offered
for
procurement of
';/Zz
'
.
/•"
sale
for
dividend
a
of
of
rate
1%%
.
received
were
from
National
the
associates,
has
been
proceeds
There
City Bank of Cleveland, on behalf
bid of Halsey Stuart & Co., Inc. and
On this basis the average annual cost
the
accepted.
the
to
applicant
will
be
have
of Bonds—
approximately
-
called
been
-
1.8Qf/5>:—
.
for
redemption as of Nov. 1, 1944, out of
a total of $131,000 of refunding and im¬
bonds, series D, due May 1, 1996, at 100 and
interest, t Payment will be made, at the office of J. P. Morgan
Co.
Incorporated, sinking fund trustee, 23 Wall St.,/ New York, N. Y,
in the sinking fund,
moneys
provement mortgage 3 V'2 %
,
.
Earnings
.
for
Auugst
and
Year
to
1944—Month—1943
z,
Gross
■
income
Federal
profits
cess
Other
'.
'
■
;
income
..
,'■
>
.
1944—8 Mos.—1943
Z.
'
•
7
19,289,944
•, t
;
J;
19,278,013 146,651,612
4,035,864
taxes
railway taxes
«
136,394,197
5,796.975
28,822,475
35,463,661
7,531,607
1,036,242
948,509
2,875,773
3,435,946
22,322,400-"24,952,108
2,382,689
operating /incomeNet inc0me, _L,1/, ILI—_
oh
.
an4 ex¬
Net
share
Date
"
"
1
Z: 117,232
:
of
approp.
8,215,723
20,930,795
2,927,743
18,557,189
$0.31;
$0.38
$2.42
$2.68
r''J?Z 40,870 :
" 44,182
'335,655
353,977
2,341,819
2,883,561
18,221,534
20,576,818
stk.
com.
160,
5,351,018
5,189,971
1,339,602
1,660,789
1,525,553
1,643,647
mission
income.—:
594,991
963,794
916,692
1,062,865
•
1292.
p.
dersburg
,
income—:
Balance to profit & loss
—V.
116,168
183,439
Attica
Chicago,
/•'-••
828.
p.
the
states:/'//-..'.7'.'V
&• Co., Inc. and 17 "associates, and the National City
and 5 associates, these bids being the best received.
and
the
of
6,125,032
oper.
with
connection
/./:,■ '7
•/:vCalls $131,000
43,987
•
in
Commision
were
consent
itself
5,945,012
'
from
Net
$1,280,744
139,243
1942
.
dividends
'
the
of
dividends
railway—
railway
i_.
oper.
From Jan. 1—
Gross
$716,578
railway—1—
1943
124
Sinking funds and other
Inc.—Earnings—
1944
to
through competitive bidding
and invitations to bid were also sent to 124 firms, each bidder being
required to designate in multiples of one-eighth of 1 Yo the rate of
dividends to be borne by the certificates.
In response thereto 6 bids
representing 33 parties were received.
Identical bids of 99.75 and
Any shares not exchanged
redemption price of >$107.50 per
underwriters
sale
at
to
preferred stock
new
for
sent
were
to
accrued
report
the
and the initial offering price
than $107
of certain
procurement
on
equipment.'.
The
date.
the
The
dividends.
'August—-rZ/ZZ,
Gross from railway—
ry.
The
ICC
the application of the company for per¬
line of railroad extending northerly from Veeapproximately 59.1 miles, in Newton, Benton,
Fountain Counties, •Ind.—V. 158, p. 766.
'',":/V/"-;z
abandon
to
& Southern RR.—Abandonment Denied
denied
recently
a
Morocco,
to
Warren,^and
$1,292,075"
Century Ribbon Mills, Inc.—Stockholders Act¬
758.834
$533,241
208,502
:
the
:
p.
.
stockholders, at a special meeting voted to amend the certificate of
incorporation so as. to eliminate all reference to preferred stock, and
reduce the capital and authorized number of shares of the company;
also
and
Mills,
V.
to
Inc.
160,
of the'company from Century Ribbon
(Ernest & Herman Levy) to Century RibbGn Mills, Inc.—
the
change
name
...z':,-
724..
p.
■.
//
•/-'.•'
j
Century Shares Trust—New Trustee—
979.
O.
Canadian Breweries Ltd.—Debentures Offered—Burns
Chicago Milwaukee St. Paul & Pacific RR.—Commit¬
Sept. 1, 1944 all of the issued and outstanding 7% Z cumulative
stock of the company Was redeemed. On Aug. 31, 1944 the
preferred
a
approximately $2,270,000—V. 160,
proceeds
With
par),
be
also
Commission
associates
($100
is also
exchange
redemption
Central Vermont Ry.
plant in Muske¬
$170,000,resulting
in an
approximately
stock
preferred
new
than
stock
called
332,680
its contraot with
at
less
preferred
255,804
Co.—Expansion
equipment
the
of
preferred
of
offered
were
bid
conditionally
; • "
company will offer to .its present stockholders the opportunity
exchange $6 preferred stock for the new preferred stock on a share
for share basis, plus a cash adjustment and accrued dividends on,/the
from
announced that the Defense
increase
an
provide additional
shares
the
states:
accepted.
On this basis the average annual
the applicant will be approximately 1.73^/.
Sept. 19 authorized the company to assume
obligation and liability in respect of not exceeding $2,500,000 (fourth
equipment trust of 1944) 1% 'k serial equipment-trust certificates to
be issued by the Chase National Bank, New York, as trustee, and sold
The
of
Sept. 22
on
The
Net
Z":zZ'W-V--.';.-'
■.
Exchange Commission
with
•'.-: /'7:/ ••/■Y;:Z:'y,\•
of Cleveland
to
Net
208,502
Plant
overall
is
on
Campbell, Wyant & Cannon
gon,
dividend
36,372
$533,674
.
preferred stock—
on
and
*•,'■:
'
and/has been
the
of
cost
Per
854,498
income
Net
Dividends
Co.
.
Bank
Hampshire Public Service Commission and the approval of stockholders
of Central Vermont.—V. 160, p.
1290. *
, j 5
12,873
Trust
to
Financing
The .Commission's approval is conditioned upon
ing approved by the Vermont Public Service Commission and
:
1,293,854
$1,388,171
.
8,140,729
3,447,790
petitive;,bidding but is not to exceed 4V'2%
*128,704
——
28,414,542
5,320,621
4,613,123
competitive
including the
exchange offer to present preferred stockholders.
The
37,856
handling of an
1943
.
$1,375,299
—
income—
corporate
Deductions
bidding
347,323
operation-
968,541
12,393,595 3:11,495,471
approved the financing plan of the corporation.Under'the, plan Central Vermont proposes to
Net
from
*■
3,669,645
certificates
accrued
Securities
35,560
depreciation
"'•.
,
The
258,558
lor
income
Gross
10,595,708
137,814
earnings
Other
.
37,302,243
41,095,073
changed balance of the
con-
—.T———„——————f—
taxe
Provision
42,609,024
railway-
railway./.—
opef; 'income.
Qentral Vermont Public Service Corp.
Conditionally Approved by the SEC—
$3,577,511,, $3,255,413
Maintenance
General
,•/
1,494,077,
(Cri
899,795
f
.1944
_
General & engineering exps.,;
•
/
Co.—Earnings—
•/'■,..
Operating
536,863
from
share
first mortgage bonds, due 1966.
2189, \
p.
678,005
.
•!' Z'-'':, ■•/
through competitive bidding.
firms, .each bidder, being
required to designate, in multiples of one-eighth of 1%, the rate of
dividends to be borne by the certificates.
In response 5 bids repre¬
senting 32 parties were received.
The best bid, 100.10 and accrued
dividends, based on a rate of l3A^c, was received from the New York
1,459,823
from
will
for sale under bidding, will be considered at a hearing,
the SEC announced Sept. 27.
Proceeds will be applied toward
the redemption of
—V.
1,674,779
ry.
$6
1974,
Oct.
Net ry.
taxes
The
due
$4,207,890
1,509,792
in, Connection
Z-.v
L
of the Commission
Halsey," Stuart
California Oregon Power Co.—Hearing Date Set—
company's plan to issue $13,500,000 of first mortgage bonds,
'
$5,169,010
1,638,843
—V.; .160, p. 980.
payable, merchandise, $119,933; miscellaneous
accrued and withheld, accrued' salaries and
expenses, etc.; $112,576;
dividend payable on 6% cumul. pfd. stock
of subs, (consolidated) held by minority interests, $1,018; reserve for
Federal and State income taxes and Federal excess profits tax
(less
U. S. Treasury savings notes of $400,000), $117,255; reserve for con¬
tingencies, $100,000; minority interest in subsidiary company's 6%
cumulative preferred stock, $67,875; minority interest in common stock
and
earned surplus in subs, company, $26,833;
6% cumulative pre¬
ferred stock
(par $25), $370,275; common stock (par $1), $151,409;
earned surplus; $290,963;
total, $1,358,137.—V. 158, p. -1239.
) v; ,
payable,,
dividends
report
at 99.75
$5,627,198
railway
oper. income-
from
Net
Liabilities—Accounts
accounts
1941
1942
$5,368,885
Froin Jan. 1—
$93,088;
$183,828; deferred charges, $15,935; total; $1,358,137,
1943
railway-
Net
cash surrender, value
fixed assets,
$9,956;
policies,. $24,121;. other, assets,
Jersey—Earnings—
'1944
from
Gross
merchandise
$580,454;
Net
$0.39
-
Sheet, May, 81, 1944
miscellaneous receivables,
insurance
$77,466
stockholders.
common
of New
RR.
August
Gross
Consolidated net
accrued
equipment. ■"
Invitations
1944—Month—1943
•148,369
,
ICC on Sept. 11 authorized the company to assume obligation
liability in respect of not exceeding $2,500,000 of (third equipment
of 1944)
1%%
serial equipment-trust certificates to be issued
the City Bank Farmers Trust Co., as trustee,' and sold at 100,10.
The
/
Caterpillar Tractor Co.- -Earnings-
54,768
v
'Net
Proportionate
1291.
.
The
and
and
$6,011,000
Merchants
trust
by
1943
a
$6,314,000
and
■
all
issue,
Equipment Trusts Authorized—
The
—V.; 160, p.
Peilod End. Aug. 31—
profits tax
Provision for 'Contingencies..;——:,—
excess
Week Ended Sept. 21
earnings..i—L:/—
457
21,761
deprec, & amortization—
Fed. and State income
and
•taxes
"V
\
•'
deductions
$294,743
$655,133
$712,527
a-
V1944
Traffic
$5,992,000
$6,303,000
'/:/
,
7,321
8,159 i
7,419
v—
—fL.-
earnings
First
and
specifying a pAf'r coupon
were Halsey
Stuart & Co., Inc., 99.695; Salomon Brothers & Hutzler,
99.569; Harris, Hall & Co. line.), 99.513, and Central Hanover Bank
& Trust Co., 99,08 for l%s. •:
•
"r .• ' ,; .
.... /v/.',• ,
•L■:
—Week End. Sept. 14—
1944
1943
3,592,698
5,136,447
5,530,615
sales, sell. gen. & adm. exps.
Canadian Pacific Railway- -Earnings—.
zi®*"$5,783,421 ^$3,880,120
"
$6,235,723
——
-
1°44
•"
National Bank of Detroit;
Trust
Co.
Of Buffalo;
are:
Marine
York
New
,
(& Subs.)—Earnings-—
Butler's, Inc., Atlanta, Ga,
Years Ended May 31—
basis to
approximately 1.787%.
'/" Other banks in the purchasing
Marine
1,258,900
.
income™.
oper.
*91,050
•
Cleveland
issue of
an
the award
1941
$158,018
-
railway
'Deficit,—V.
•:
iQ40
••$115,000
of
was the successful bidder Sept.
28
$2,200,000 1%% equipment trust certifi¬
cates dated Oct. 1,
1944, and maturing in ten equal in¬
stallments beginning on Oct. 1, 1945. The bankers Won
during the final three years,
such interest.—V*. 160, p. 1077,,
1Q44
from
Bank
for
and
24 times
over
National
AugustGross
..
,
allowance
similar
($100 par), $11,500,000; common stock (550,000 shares, no
$7,857,143 capital surplus, $509,385; earned surplus, $13,239,604;
$50,236,044.—V. 160, p. 1077,
'
^
par),
Earnings
operating
of
$128,065;, investments, $904,017; post-war refund of excess profits tax,
$568,871; property, plant, and equipment (net), $24,384,944; patents
and
patent
rights. (less
reserves
of
$185,472), $173,111;
deferred
charges, $81,971; total, $50,236,044.
V
'
7
.
expanded, and
the
as
of common stocky,,(no par).
•,
v..
which commenced operations at Drummondville in
developed through the depression period as well
shares
Company,
-Monday, October 2, 1944
•V
Anderson has
'
elected a trustee to fill the vacancy
by the death of Robert Hallowell Gardiner.—V. 160, p. 621.
Kelley
caused
been
tee
Seeks
Formal
Authorization
From
Bondholders
to
Represent Them In Reorganization—
The
protective
/■bends;
committee
due
A,
series
for holders of
Feb.
1.
50-year 5%
headed
1975,
E.
by
mortgage
gold
Glines, as
Stanley
| Chairman, is seeking formal authorization from the bondholders to
"Represent them in matters relating to the reorganization proceedings,
u'v
This comrhittee, known as the Glines Committee, was chosen at a
meeting of bondholders called by the Guaranty Trust Co., the mortgage
trustee, in February, 1938/ and thereafter it was permitted to inter¬
vene
in
the
reorganization
proceedings.
The committee has been
active in all the proceedings and joined with the mortgage trustee in
urging before the Supreme Court the recognition of the prior rights of
senior bonds."",
v'-/■.'■■
' •'■
■
Bros. & Denton, Ltd. and W. C. Pitfield & Co., Ltd., re¬
cently offered
the
in
Canadian
serial debentures at 101 and interest to
Dated' July.l,' 1943; to mature $400,000
on
July
l,
on
July
$800,000 41/2%
yield over 4.40%.
1," 1961 and $400,000
1962.
Principal and interest (Jan. 1 and July 1) and
redemption premium, if any, payable in lawful money of the Dominion
of Canada at par at any branch in Canada
(Yukon Territory ex¬
cepted) of the company's bankers designated in the debentures as
paying agent for this issue.
Redeemable as a whole or. in part at
the
option of the company at any time prior to maturity on 30
days', notice.
call
such
be
are
the
of any
103
of
If
part
only
redemption
the
of
shall
debentures
made
earliest
are
to
be
redeemed
by
to
up
and
including
for each year
1%
thereafter
and
accrued
interest
to
,at
Redemption prices
July
fraction
or
the
order
then outstanding
maturity so to be redeemed.
and
1955,
maturity
be
in
of maturity beginning
and no debentures shall
called for redemption
while debentures of any earlier maturity
outstanding; and such redemption must include all and not part
with
101
1, 1948,
thereof up
prior
date
of
to
are
thereafter
to
and
maturity,
redemption.
in
as
follows;
decreasing
y4
each
case
with
supplemental thereto. Trustee: National Trust Co., Ltd.
In the opinion of counsel these debentures will be a legal investment
and
Insurance
Companies registered under the Canadian
British Insurance Companies Act, 1932, (Dominion) as amended.
funds
—V.
160,
of
t
" '
1180.
p.
■
•
•
'
Years Ended—
Gross sales
and
Cost
Apr. 30, '44 Apr. 25, '43 Apr. 26, '42 Apr. 27, '41
sold——
36,556,602
33,267,345
32,083,832
24,324,615
profits from sales
$9,692,410
$9,897,082 $10,174,553
$5,418,507
goods
9,179
——
!Total
Provision
notes
for
and
$5,000,000 3%% 15-year debentures.
issue
of 7%
will
rank
as
the
senior
security,
followed
by
100,000
preferred stock (par $100), 62,585 income funding rights,
U.
are now pending before the Circuit Court of
Appeals.
anticipated that the plan shortly will be submitted to the bond¬
and that there will be further proceedings before
the courfr.v
V:- :'••'/ -;••
'.•
••/•••
Bondholders are urged to get in touch with Howard S,
McMorris,
is
holders for their vote,
$9,900,632 $10,185,480
2,219,833
2,158,226
5,149
Profit from operations
$7,476,607
income
1,665,287
.
/ 25,696
$5,444,203
1,455,073
Gross
credits-
4,215
2,597
$7,738,192
$8,518,587
82,237
$3,98^,532
68,280
$7,806,472
.
1,605
4g.J00,824
$4,033,488
?f499,407
767,809
810,845
112,302
income
Income
/ 46,955
$7,588,908
charges
542,233;
i
Prov. for Fed. and State
income
taxes
*5,059,842
Common
Earns,
(no
$1,970,526-
dividends
com.
$2,532,213
$3,129,986
*842,983
$2,379,660
671,197
536,218
527,758
412,500
687,500
550,500
550,650
$2.57
$3.63
.
$4.71
$3.37
profits taxes of $4,084,341 in 1944 and after
retirement of $1,687 and post-war refund of $308,352 in
excess
$3^822,943 in 1943; $3,200,000 in
1942
and
$49,258
in
1941.
\
.
Consolidated
,
Balance
.
Sheet, April 80,
1941
Assets—Cash, $11,326,917; U. S. Treasury notes, etc., $388,517'; notes
accounts receivable,
$4,135,092; inventories, $7,344,356; advances
raw
materials, $10,184; notes and accounts receivable not current
and
on
5%
Convertible Adjustment Mortgage
Oct,
the
and
/
v
adjustment
with respect to declaring
in
980;'
Oct.
on
value.
no
1
future
pn
Accumulation
mortgage ibondS
against
directors
of
has
1944,
1,
payable
will, be
of
accordance
,with
as
interest
on
(but/without
interest
by the board
mortgage,—V, 160,
declared
the:, adjustment
iy.)\
•
cumulative
paid
coupons (when, and
;(-.-.•••••
Chicago & North Western Railway- -Equipment Trust
Certificates—
and
ICC
Sept.
on
liability
in
19
authorized
respect of
trust
certificates,
Bank
&
to
Trust;Co.
be
of
not
issued
Chicago,
and accrued dividends in
equipment.
•
; >
,
The report of the Commission
The certificates were offered
and
invitations for bids were
par
the company
banks/ trust
companies,
and
to
assume
obligation
exceeding $5,180,000 l%r,r equipmentby the Continental Illinbis National
.as trustee,, and
connection with
certain
•
.
''
v.;••/•
any interest
the 5% convertible adjustment
mortgage gold bonds, series A, due 2000, and Coupon No. 35, maturing
due
be
The
par)-
.
Company has taken no action
p.
share
Includes Federal
1944;
*4,703,029
402,718
____
dividends
per
*4,764,792
10,061
16,306
income
Preferred
•
on
Bonds, Series A—•
to
thereon)
/Int. of minor, stockhold.
Net
counsel,
are
No interest
accounts-
Other
10,926
.
.
20 Pine St., New York 5, to obtain copies
of the form of authorization.
/ * .•.
/•) /.
•.•;.
/
-:
Other members oi the committee are Morton H. Fry, Charles E.Z
Storey and C. Oliver Wellington.
Hodges, Reavis, Pantaleoni & Downey
doubtful
'
The
3,550
$9,701,589
gross profit-—
Sell., gen. & adm. exps.
credits for debt
Canadian Celanese Ltd.—Debentures Placed Privately
the
It
Secretary of the. commitffee;
profit from misc.
(net)
operations
*
..
10, 1944, in a supplemental report and order, the ICC
the plan of reorganization, which was later approved by
S. District Court with slight modifications, and appeals from
.
Gross
Gross
—Nesbitt, Thomson & Co., Ltd. recently placed privately
shares
$43/164,427 $24,258,385 $29,743,122
etc— $46,249,013
allowances,
of
April
approved
the court's order
(less returns
including July 1,
Company
the market
may
at' any
purchase for cancellation debentures on
or by private
contract at prices not exceeding the current redemption price. Coupon
debentures registerable as
to principal in Toronto or Montreal "in
interchangeable denominations of, $1,000 and $500. These debentures
to be issued under trust deed dated as of July 1, 1943, and indenture
time
for
On
Champion Paper & Fibre Co. (& Subs.)—Earnings-
market
,
sold
the
at:99.229%
of
procurement
of
.
states in nart:
for
sale
sent
life
to
through competitive bidding,
large number of bankers,
companies, the bidders
a
insurance
•
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4321
160
behalf
to indicate whether - the bids, were submitted on the
or ,15-year trust and to name the rate of dividends
of one-eighth of T% pelannum.
In response thereto 6 bids representing 35 parties were,
received.
The best bid; 99.229% and based on'a 10-year trust and a :
rate of 134%
per annum, was made by Halsey, Stuart & Co., Inc.,
and 15 associates, and has been accepted.
On these basis the average ,
being, -required
of
basis
to
annual
of
160,
i;90%-.~v.,
proceeds
the
p.
applicant
the
to
will
be
670-76
W.
■/' A:
Period End.: Aug. 31—
'
1 "
('
Operating
RyA oper.
•
Net
Net
'
1
•
*
expenses—
from
8,061,199 A
op..,
''
52,654,897
50,033,974
7,088,399
oj: the Chrysler
owners
Colorado Fuel & Iron Corp. (&
.
.' Years Ended June 30—
property at 142-56 East1 43rd St.;
and 145-47 East 42nd-St. Parts of the new struc¬
Third Ave.
136,
"Sales «8s
<'$634,00,0 included in August and $5,087,000 in the eight months'
period of 1944 due to increased wages and applicable payroll taxes not
in effect last year,
tAfter accruals for Federal taxes. '
:
,:
—V.
160,
980.
p.
v:'A.'.
'
avA-.: ;:,,J
'
oper,
1944
Depletion
Depreciation
Amort,
of
47,785,812
1,438,343
986,560
Proy. for reiinirlg; '& re¬
building furnaces, etc.
1,760,620
jlrofit'-C
$3,861,520
Total
Int.
on
—
5%
inc.
mtge.
bonds
Other
,,
for. Fed.
taxes
289,261
1,217,990
41,082
"
363,060
1,377,038
991,817
$6,264,371
94,595
$3,812,599
$6,358,966
130,754
224,150;
551,760
551,760
20,485
,
.
99,585
,
$3,912,184
>
224,150
,"
49,572
551,760
AA
,
3,253
6,404
936
State
&
income.
on
-
315,323
1,338,809
A
1,582,835
551,760
110,129
12,281
interest
;tLoss
Prov.
32,888,285
A.,
,
.
42,472,321
$3,349,615
136,531
V
———A $3,998,051
gen. mtge. bonds A
profit
on
1941
:
$3,173,183
...
176,432
;
,
Int.
1942
,43,557,062
319,360
1,506,027
134,957
.359,295
_
emerg., facil.
Net operating
Other income
Subs.)—Earnings—
1943
$56,192,152 $50,273,424 $52,130,923 $39,241,034
revenue
Cost of sales & expenses
2249.
p.
Company has filed with the SEC a proposal to sell all the 3,500
shares of capital stock of Pueblo (Col.) Gas & Fuel Co. to Public
Service Co. of Colorado for $400,000, subject to adjustment,
Proceeds would be applied by Cities Service Power & Light to the
prepayment of bank notes held by the Chase National Bank.
1
United Light & Power Co., it is understood, is negotiating for the
purchase'of the St. Joseph (Mo.) Railway, Light, Heat & Power Co.
The latter company is controlled by Cities Service Power & Light Co.
•
13,848,640 120,905,695 129,844,912
t3,491,598
income—.
oper.
ry.
ry.
.,
1397
the
occupy
Cities Service Power & Light Co.—To Sell Units—
i A
•
18,108,005
15,760,536 126,146,414 119,005,544
"10,046,8068,672,137 •>76,112,440
66,350,647
revenue
rev.
f
'
'
"
/-A
will
-
1944—Month—1943
>M944—8 Mos.—1943
$ ''
'' >
§
'' 1 ^ W'''
$
$
.
•
Chrysler. Building Corp.,
'
Times.").—V.
Chicago, Rock Island & Pacific Ry.—Earnings—
P.
.
ture will" be built intcfthe existing setbacks of the Chrysler skyscraper,
with additional columns planned for the present
building to carry
the additional- weights
Connections between the two buildings , will be
provided, on Various floors and also installed through present leased
space under agreement with lessees, the plans reveal. .("New York
approximately
1292.
the
addition
The
by the certificates in: mutiples
cost
of
Building.
10-
a
borne
be
*\tnufwsavcf«t""^ruia^zv?f SH*-'"Atti•,
1,651,820
1,266,000
2,981,500
$1,672,060
$1,351,529
A',
$2,580,135
■
838.300
.
profit —i—
Net
"
Authorized—
Purchase of Choctaw & Memphis Bonds
-
NOTE—~For
lated
that
should
prices
each
for
$1,450
exceed
not
possible
Chicago Surface Lines
;
v
.
,-;
.
'
.
Buy Surface and Elevated Lines—
Chicago
City
Chicago Union Station Co.—Securities Authorized—
•
iCCHon
The
Sept.
authorized
4
the
to
company
issue
the
at
annual
meeting
hold
Sept.
27
_
and
A
1
A« All of the outstanding 1st mtge. 334%
1,
have
1963,
and
called
been
for
:
Payment will be made at the Continental Illinois National
Bank & Trust Co., 231 So. La Salle St., Chicago, III., or, at the option :.
of the holder, at the office of The Pennsylvania RR. Co., 380 Seventh
York, :N.
New
Ave.,
AY,A.: A
The above mentioned bonds
tation
the
the
above
be
accepted and
named
agencies
date at the redemption, price
1945.—V. 160, p. 828.
1,
at
and
redemption
Jan.
to
of
either
at
will
paid
been
any
prior
time
accrued
7'A
pfd. stock (par $100)
Common stock (par $100)—.
(Company ^and wholly-owned subsidiary,
Years End. June 30—
Sales
and gin
of sales,
Cost
and
1943
1944
earnings- $21,024,705
expenses.,
$604,848
Other
Net
income
Investment Co.)
1941-
Depreclftf'on.
-A
72,291
325.932
101,516
taxes
1107,196
Fed.
;
&
State
inc.
Profit
loss
unconsbl.
of
profit
45,770,
248,504
57,633
40,132
337,594
140,180
$562,455
-37,928
•
$444,543
.57,411
60,774
.
160,
and
secured
Proceeds
A,; $228,019
Coastal
17,004
59,350
,
;
A
$536,321
$519,039
$383,330
318,750
255,000
191,250
$3,019
share—
$217,571
$2.10
$264,039
$192,080
$1.50
$0.89
.
$2.04
for
excess
taxes
Consolidated Balance Sheet,
Assets—Cash
and
cash
items,
notes, at tax payment value,
inventories; $3,367,971; other
assets,
U.
•
and
pari,
$2,550,000;
capital surplus,
$1,357,456; "earned
total, $9,238,931,—V. 159, p. 1144,
A
.
for
a
*
/A'-;'
38-sto?y
office
building: on
East- 42nd
Cook
ry.
Gross
from
ry.
—V.
>>:vv;:Aj:A"a''■vV'-::'
:AA;
-'A •'aAi-
183,765
198,784
282,862
.
N.
President, Etc.—
has been elected
on Sept. 26.
Y.,
*
1944
Ry.—Earnings1943
1942
$109,503
$120,427
31,755
3,039
24,987
9,345
2,235
10,984
13,232
935,261
859,508
854,924
118,841
113,552
178,651
30,457
30,318
90,545
railway
1,065,345
186,011 A
income.—
70,739
••
.
6,100
5,221
4,271
-A_-A-5 £396,773
———_A
900
£362,909
£213,259
900
900
900
151,523
126,894
16
46,914
5.2
185,138,000
28
172,454,600
2.9
185,582,000
184,571,000
0.5
:
Commonwiealth & Southern Corp.
•1944—Month—1943
Period End. Aug. 31—-
SJ
Prov.
18,274
\
49,955
27,557
.
a
—
for
deprec.,
in
respect of
221,761
a
A
amounting
£34,605 in
;
"J-
*
•'
1
15,539
Other
17,512
as an addition and annex to the Chrysler Build¬
ing,-which occupies adtoining land-on-Lexington Avenue,-were filed1'
on Sept. 26 with the Department-of Housing, rfnd
Buildings.* .
The plans were presented by Reinhard
Hofmeister, architects, in
intangible
£29,151
.
Pursuant
1936,
25,609,490
70.011,981
.
22,751,741
3,973,823
4.531,515
57,582,730.
57,838,593
3,167,324
1,325,478
3,384;i64
40,724,265,.
10,128,592
44,089,942
928,214
11,333,124.
11,721,918
193,018
976,813
153,145
1,653,765"
" 2,422,095
720,614
stock
884,953
11,608,784
1,369,253
,16,528,382
of
——
deductions
—
Weekly Output—
.
drilling
in
:
£135,326
£58,031
expenditures
on
1944,
£27,695 in 1943,
......
.
no
to
the
policy
depletion of the cost of concession and
(2). Interest declared
on
fields
.
development expenditures.
1078.
.
A-,
.13,417,547
a.A.'''
corporation
served 'for
Connecticut Light & Power Co.—Earnings—
-12 Months Ended Aug.
.
income
before
Taxes—
;
.
preference .and income stocks for the-1944
period amounts to £23,942.—V. 159, p.
A
kilowatt hour output of . electric energy of subsidiaries
adjusted to show general business conditions of
the.
week ended Sept. 21, 1944 amounted to
254.702,199 as compared with 249,475,261 for the corresponding week
in 1943, an increase of 5,226,938 or 2,10%—V. 160, p. 1292.
in.1942. and
by the management, as
provision has been made during the period for
adopted
'
£32,940
producing
£20,753
:
weekly
this
territory
Cb3 7,754
£111,462
mos.
1941.
Notes—(1)
lrom Jan. 1,
pfd.
1,853,369
A
'
Net income A—
•
Net
and- East- 43rd
2.214,778
,incoipe A-™-™™
on
l64,692;258
and
taxes
•.
subsidiaries
of
4
A
adjustment—
to
16,414,020 209;283,227
7,669,479 :
6,644,982
85,366,742
Interest
surplus,
.
for
'
*
The
re--'*^cr>
A
3
deprec.
Subs.)—Earns.
.1944—12 Mos.—1943
17,025,403
expenses
for
Gross
.
less
tirements
the
"
revenue
(&
.
^
{i-t,('^
exps.,'
gen.
,
47,109.
for
-Inc.
-t
and
"etc.
Profit
.
t
190,308,000
—
Sept.
. 2Li—AA
^V. 160, p. 1292.
148,149
57,648
—
produc.
Inventory
■■
131,*472,000
177,493,000
,
Sept.
£259,500
adj;
1943
190,841,000
23
Provision
£254,433
A
1,160
3,907
Prov.
26,440
981.
p.
amortization v—_™—_
1,351
&
1941
$115,063
A
A;-I A;AA.
A:
railway
Operating"
£207,637
;field expenses
AA'-.'.
,
1941
1942
1943
1,987
Admiriist.
;
A' A'A""'AA
$152,807
Week Ended— A'■ 1944, A-
Sept.
of
£355,701
fees
Mr. Cook
the company since 1934,
Commonwealth Edison Co.- -Weekly Output-
Gross
761
•Drilling,
President,
"
v
Electricity output of the Commonwealth Edison group of companies,
excluding sales to, other electric utilities, for the week ended Sept. 23
showed a 5.2% increase over the corresponding period of 1943.
Fol¬
lowing are the kilowatthpur output totals, of the'past fout weeks and
percentage comparisons with last year:
A A
A
A .A1
A:A.AA:A
£389,912
Directors'
'
t
528,796
has
sale
income
•
1,077,211
income
oper.
160,
I
523,905
—
from
Net
Registers
—
32,623
;f
1944
oper.
Net
70,878
40,357
-
1,206,296
Bronxville,
of
•.
.fc
i
261,960
lA -
railway——
railway
From Jan. 1—
Divs,
Sts., New York City,
E.
from
Net
' A: yj) y]
' /A,
investments
Total
.
>
\
,r
466,471
a
from
Net
together
bonds,
——,—«—
on
•Including,
Plans
C
Miscellaneous income—™
invest¬
Chrysler Building (W,, P. Chrysler Building ; Corp.)
N. Y. City—Plans $3,000,000 Addition—
'
'.i.
-
■
1,186,911
August—
Gross
.crude oil to associated
company
.Liabilities—Trade; accounts payable,.: $498,611; dividends, declared,
payable July 14, and Oct. 16, 4944, r $127,500: joint owners of gin
properties, $36,344; subsidiary5 companies, $13,503; accrued local taxes,'
$44,769; acci'ued Federal capital stock tax, $12,500: insurance accrued,
$16,480; Federal- and State taxes on' income,' $107,196;. capital stock
($10
34,093
-•'■A
;
1941'
$137,660
74,992
389,950
Aav
:
.
60,520
•
;
1,122,134
Columbus & Greenville
'
Treasury savings
receivable, $228,697;
advances
from
Interest
S.
accounts
$233,892;
A
3 Mos. End. Mar. 31—
June 30, 194-1
$1,127,933;
$100,266;
A
-
the accepted bidder: and to be
and refunding mortgage dated
Terminals, Inc., Columbia, S. C.
company
Proceeds
ments,. $491,083;. property, plant and equipment
(less .reserve? for
depreciation of $3,580,594)1,
$3,547,367;
deferred" charges, $141,673;
total, $9,238.93i.
I A .".'i
'
\a.
$4,474,572;
$8,997,302
Colon Development Co., Ltd.—Earnings-
tax
and $169,566
981.
p.
1942
22,930
$
.
jointiy owned gins credited to co-owners,
of $11,047. 4lncludes provision: Of $24,596
(less post-war refund of $16,957)
profits taxA' §On 255,000 shares capital stock (par $10).
income
income
series
of
,
i ;^i^99
$156,112
,
A'lAA::
,%"■
railway
1943
$.152,643:
.
been with the
company since 1915.
A
William M. Sabring, also of Bronxville, with
has been elected Treasurer.—V. 158, p. 1345.
registered with the SE0 $250,000 common stock
to be sold at $10 per share.
Company was incorporated in July, 1944,
to operate a petroleum terminal, probably in Charleston, S. C.
Pro¬
ceeds are to be used to acquire facilities and for working capital.
A*ShareA 'Qf AprofitSr df
State
sale
A A"/;" A"" 'A
With SEC—
225,000
surplus—
tlncludes State
for
the
of
',.
f,370',718
1,422,599
W. R. Hess, Chairman of the board, announced
with additional
with the trustee
1, 1945. of the
company's general and refunding mortgage, series A 4%% bonds, and
the redemption on Jan. l, 1945, of the company's general and refund¬
ing mortgage series B 4 % %
bonds.
The amount of such series A
bonds outstanding is $7,182,000,
and the amount of such series B
bonds outstanding is $3,850,000, of which latter bonds $32,000, owned
by The Pennsylvania RR., will be surrendered and cancelled. A A A a
Bids will be received at the company's office, Broad Street Station
Building, Philadelphia, Pa., up to 12 noon EWT, Oct. 10.—-V. 158,
439
3,006
9,299
77,247
--—A*-*,
per
160,
Sept.
Crl,119
—
loss
;Net profit
§Earnings
Drl8,572
to be named by
the
company's general
Aug. l, 1924, as supplemented.
The
Balance,
of 1% )
Vs
by
■p.; 2359.
;credits-,;.net-.'(Cr),-^, :
Dividends paid
,
from
Howard
1077.
p.
AkL
'5,187,320
-Earnings-
Columbia Mills, Inc., N. Y.—New
151,543
con¬
compares
trolled
Special
$873,359
$524,197
$195,422
.
•Share of profits——Share of aggregate net
8,000,000
.
funds to be provided by the company, will be deposited
and applied by the trustee to the redemption on Feb.
$796,054
77,305
4475,023
Other deductions
—v.
300,000
8,000,000
740,686
income—_
oper.
raiiway^.^—^
Net ry. oper. income—™.
54,785
300;000
$9,294,703
1
•'■i'm'''
37,110
■
•
from
50L484
•
Drl8,571
-
multiple of
:AAA
9,845,295
$1,248,775
291,093
$1,426,672
——
ry.
rgilway^_^„_
From Jan; 1—
Net
Company is inviting bids for the entire issue of $11,000,000 general
and refunding mortgage, series C bonds, to be dated Oct. 1, 1944; to
mature Oct.
1, 1974; to bear interest at a rate (which must be- a
$1,187,382
61,393 A
61,813
$694,696
319,787
income
from
,
AA. A,A A
19,497,718
treasury
2,054,166
i
■; •
:<;'v A-1944 •
ifp.ijway^iv^ > : $129,309
from
Net
$8,062
?
.
Cleveland & Pittsburgh RR.—Invitation for Bids—
$20,685,100 $10,641,349
$1,364,859
89,851
-■
stock- in
A
,
-
Net.profit:
.
,
6,434,569
2,118,931:
has
Total
dividends
1942
"
$19,894,386
A;aa:
20,419,860
18,529,527
operating
admin,
Guymon
••
Gross
to
[sha Cotton Oil Co. (& Subs.) —Earnings—
.A
;
*
,.
A
8,999,325
3,489,095
Colorado & Wyoming Ry.August—
25,288
-
1
>
railway—10,695,317
railway—'
3,835,822
Net ry. oper: income_d_''
1,868,886
—V.- 160, p. 981.
A ;AA ' A.'-AA
$8,997,302
121,665
non-cum.
159.-p:'1969."
223,750
payable^^-iA-^A^UA^l_AA:i4i:-i^i,Au.- ^'A $125,635
A
director.—V.
a
from
Gross
•
be
from
Net
liabilities—-
to
From Jan. 1—
Net
A
Rents received in adv. and tenants secur. dep.—
Reserve
for contingencies.——
-V.
Consolidated. Income Account
nominated
Colorado & Southern Ry.- -Eariiinga—
• 1! •
1943
"
1942.
A 1941
Ay'AA 1944 '
railWayii>5!;':A$l,471,503 $1,205,509 A -$972,647
-$756,279
kftb BwtW'.-'.'i'l.ofca nrtoNet^from'
462,570
358,903, A A ,561,826
railwayi;i^^A :A 495,358
Net ry. oper. income_ii; A: 173,089
260,864
213,0091 '.A176,460
■
A
i yA;
Gross from
A " 58,475
$9,294,703
Liabilities—
A.
■A' August— ",s
'
Total
;
proxy statement for the annual meeting to be held on Oct. 24
that John D. Rockefeller, Jr., was the owner of 50.38%
of the
shows
Equities in real est. in Manhattan^ N. Y. City_
7,649,619
^,430,284
Deposits under contracts for purch. of real est.
-5,100 .....
Prepaid faxes and 'expenses-^L_-^AA-TAA,^jAAA":.; 4p4^5T".AA
46,835
'
A'A.i
-
■
outstanding capital stock as of Aug.. 15, 1944.
L. F. Quigg, of Pueblo, Colo., Vice-President Of the,
corporation, has
Mortgages on improved real -.estate..—' 946,469
Preferred
presen¬
upon
" 61,236
''A; / AA-llv
cash deposited with
mortgage bonds payable
prepaid expenses, $288,305; total, $54,756,616,
The
$1,291,490
2,000>000
400,000
.
.
Rental and other accounts- receivables—^
Investment in marketable securities___________'
income
'■,» Annual Meeting—
:
?/
hand_^l_____„__T__l.— A" $714,590
on
Earned surplus
V:
A
30
5%
to banks (current), $800,000; accounts pay¬
$2,812,633; accrued liabilities, $2,372,694;< dividend payable Aug.
28, 1944, $140,905; accident compensation payable, $71,720; provision
for State
taxes on income, $19,816;
reserve" for Federal taxes and
contingencies, $2,200,411; accident compensation payable lifter: June 30,
1945, $190,000; note payable to banks (maturing $800,000 annually
beginning Feb. 1, 1945), $3,200,000; funded debt, $11,035,200; reserves,
$3,587,696; deferred credits, $37,273; capital stock (563,620 shares, no
par>, $5,636,200; capital surplus,
$13,521,893; earned surplus, $3,130,175; total, $54,756,616.—V. 159, p. 1969.
•
:
'
'
A
'
;5 - $248,887
$146,096
April
D. S. Government obligations™——
Accrued
bonds, series "E", due July
as of Jan. 1.
1945, at 108
redemption
banks and
in
Accounts
int.
Sheet,
Sheet, June 30, 1941
hand; $9,426,919;
on
Liabilities—Note payable
Gross
Cash
;
Series "E" 3%% Bonds Called—
" $126,756
Balance
on
able,
was
A $140,478
banks- arid
an
payment of interest
abandonment of prop-
accounts receivable
(less- reserve .of $32,544), $16,770; other assets;
property, plant and equipment (less reserves of $36,938,513),
$31,014,620; patents, trademarks and goodwill, $1; deferred charges
•
;
$4.08
tOn
$366,969;
.
Consolidated
$4.58
1, 1944, $275,880; U. S. Govt, securities; at cost plus accrued in¬
terest, $1,784,678; notes and accounts receivable (less reserves of
$529,565), $4,480,700;. inventories, $7,101,775;
long term notes and
-
Deficit
$1,,724,698
$2.40
,-
.....
Oct.
.
accepted.
On this basis, the average annual cost of the.
proceeds to the Station company will be approximately 2,83%,
i
*. The bidders for the serial
guaranteed notes were requested to submit
bids for all of the notes, such bids to be approximately, but not less i
than,, the principal amount thereof and accrued interest, and to
designate in multiples of 1/20 of 1% the rate of interest to be borne '
by each of the 19 maturities of such notes. In response; thereto, 4 bids,.
representing 181 parties, were received.
The best bid was made by
the
First
National Bank
of Chicago
and 15 associates and was
accepted." This bid offered par and accrued interest for the notes >
for
the 19 respective semi-annual maturities at the following rates
per annum, beginning with the earliest maturity, July ;l; 1945:
0.90, •
1.00,
1.10.
1.20, 1.30,
1.40,
1.45,
1.55,
1.60, 1.70, 1.75, 1.80, 1.85,
1.90, 1.95, 1.95, 2.00, 2,00, and 2.05%.
On this basis, the average
annual rate will be equivajent to approximately 1.83%.
com.
Consolidated Balance
.
■
and.
on
Assets—Cash
trustee for
-
,—
$1,593,800
Av'$l96
a
,
$37,800,000
986,335
$787,909
"Less discounts, returns and allowances,
erty, plant and equipment.
'
«
the
first mortgage; series G, 2% % bonds, and not exceeding $6,200,000 of
guaranteed, serial notes, the bonds to be sold at 100.639 and the guar¬
anteed notes at par in each case with accrued interest, and the pro¬
ceeds used in connection with the redemption of $44,000,000 of 3%% A
first mortgage bonds, series E.
a^AA'AAAA;:;.,'.A'AAAA/.A
.''"--AA;A - Authority was granted to the proprietary companies to assume obliga-'
tion and liability, as guarantors by endorsement, in respect of the
pament of the principal of and interest on, such bonds and notes
Consolidated Income Account for Years Ended April 30
and payments into a retirement fund for first mortgage bonds.
1942
1941
1943
; ;The report of the Commission states in part:
A:''
A:.v
:
1944
< '
A:,i ,'
;
Rentals and* other inc.__
$386,649
$464,240
$1,615,896
$439,137
The bonds and the notes were offered for sale through competitive
404,477'
404,952
436,392
1,085,802
bidding....The bidders for the bonds were requested'to submit bids ior.A Exp. and ordinary tax.
113,198
108,073
the " entire' issue, such bids to be approximately,, but not less than,
109,782
Deprec. and interest369,879
A 15,742
the principal amount thereof and accrued interest, and to designate >
N.et- loss on sale of prop.
In multiples of ,!/a of 1%
the rate of interest to be borne by the
$69,178
$126,377
bonds, i jn response, thereto,
'[' Net loss.* $160,197 ■! $107,037
3 bids,. representing 181 parties,, were '
Preferred dividends
19,719
19,719
received.
The. best bid, • 10D.639 and accrued interest, at a rate of
19,719
19,719
Common
dividends
1159,990
.giA,2% %, ppf • annumt was.made by Kuhn, Loeb & Co. and 50 associates,:
563,620
$108,440
;
sh.
per
stock
approved
563,620
$2,238,318
;
563,620
—
—
Earn,
plan of recapitalization by more, than the necessary twooutstanding shares of each class; preferred' and common
stock.
A AAA
"■.
Under the plan the 7% non-cumulative preferred and common stocks
will be reclassified into new> 5 %!% cumulative preferred stock of $100
par, and new common stock without par value but of a stated value of
$25 per
share.
The newly authorized stock will consist of 30,000
shares of the 5 Vfe %
preferred and 160,000 shares of common.
Each
share of present '7%
preferred will be changed into 1.3 shares of
5%%
preferred and each share of present common into 15/100t.hs
of a share of 5 Vz% preferred and two shares of new common..
After
the exchange,
all the authorized common will'" be outstanding and
15,640 shares of the new preferred, leaving 14,360 shares of preferred
available to provide new capital in post-war development.
:
;*
vRobert W. Dpwling, President, told stockholders most of the properties
or
the company have improved during the year.
Earnings, he said,
are better and values are higher.
>
"%
-A.'AvVv:
■■ ■'"■
Considerable progress, said Mr. Dowling,
has been made by thecompany in investing some of its money which had not been invested
for a long period.;
Council has moved to withdraw its offer of
$85,OO0,0G0 for the Chicago Surface Bines and Elevated railway lines.
The
Council's transportation committee will
prepare
an ordinance;
to. this effect, to be presented to the entire Council.
,,
At the same time the .committee will recommend to the Council that
the city place orders without delay for 500 buses and 130 subway cars,
to cost not in excess of $11,500,000.—V. 160, p. 1292.
The
stockholders
thirds of
paid
Surplus
proposed
.aaAAA'AAa
;
-
,
arrange
City Investing Co.—Recapitalization Plan Approved—
The
City to Withdraw Offer to
—
to
order.
bond,
$i,000
Including brokers' fees and commissions.—V. 160, p. 980.
Dividends
mechanical
reasons
it is not always
companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
Judge Michael L. Igoe on Sept. 26 authorized Joseph B.
and Aaron Coinon, trustees of the above road, to purchase
any or all first mortgage bonds of the Choctaw & Memphis RR. Co.
at the most favorable prices at which they can be bought.
He stipu¬
Federal
Fleming
—
Net
profit
Earninas
—V,
1944
31—
taxes
—
-
per
—™
share
common
160, p. 1181..
,
•
—
1943
$6,853,151
3,135,837
$6,760,761
3,015,342
$3,717,314
$2.59
$3,745,419
.
$2.62
;
THE COMMERCIAL & FINANCIAL CHRONICLE
1398
on
Total
elected
E.
trustee
a
and
regular monthly meeting of the board of trustees. He was
a
director of the New York & Queens Electric Light &
Net
profit before taxes...
for Federal income
Net
also elected
profit
Dividends
Power €o.,
Searing is also a director of the Brooklyn Edison Co.; and of
The
Yonkers Electric Light & Power Co., which are part of the
Consolidated Edison System.-r-V. 160, p. 1292,
/.
:
1944—8 Mos.—1943
Aug, 31
•
■
Taxes;
on
-
;
124,210
$421,795
16,932
20,796
21,617
1943
receivable, net of
25,000
15,532
reserve.,.
Mdse.
inventories, incl. merchandise in transit
*
121,839
502,781
76,112
>532,515
$4,598,413
$2,987,279
reserve.......
70,496
Liabilities—
//fY/v'Y
■
%Y'YY; ' rJ■■
payable (trade).._.™____.™™_; /'Y—--—-'
payable/(officers)
;
;
$32,500
Accounts payable
(trade)
Y—, 1,278,934
$9,297,103
820,743
640,910
other
and
Net
—V.
$5,855,116
....
1,692,347
$4,165,947
$3,850,455
$2.57
per share
160,
:
-
$2.84
•„
447,424
Mortgage instalments payable (current portion)
1,623
Due to customers (current portion)..—.
212,549
Reserve for Fed. inc. & excess profits taxes, net
1,188,252
Mortgage payable (net of current portion56,065
Due to customers (net of current portion)
Reserve for contingencies
50,000
Preferred stock (par $25) (net of treasury stk.)
154,002
Com. cap. stock (par $1) (net of treas. stock)
232,500
Capital and earned surplus
,914,561
$9,794,875 $10,117,846
3,132,696
4,127,001
$5,542,802
1,689,170
——
income
Earns,
—
deducts.
income
Gross
$5,990,845
$4.04
$6,662,179
$4.61
:
Consolidated Natural Gas Co.—Extra Distribution—
directors
The
Sept.
on
declared
27
extra
an
Total
50 cents
dividend of
share and a semi-annual dividend of 50 cents per share on the
stock, both payable Nov.
15 to holders of record Oct. 16.
initial semi-annual distribution of 50 cents per share was made on
per
expenses
.
622.
p.
State taxes.—In
company
taxes,
with
-V.
I
„
May 15, this year.—V. 160, p. 1182.
of
certain
bonds
be
to
Consumers Power
Co.—Earnings— Pr'v
<
Period End, Aug. 31—
revenue
■
Operating
Prov.
expenses.
for
2,130,750
...
deprec.
Of
Provision
1,172,370
15,047,447
__1.™
Gross income
Int.
other
&
deductions
inc.
tax
as
of
board
of
per
$1,681,765
$808,805
upon
Dr23
1,046,500
Crl5,739
318,000
submission of
income-
$511,204
$577,687
285,389
.
285,389
pfd. stock—™ '
of - pfd.
stock
on
Amort,
$8,038,340
$7,501,293
3,424,819
Assets—Cash
.
$293,530;
3,424,818
$848,039
$635,242
255,003
$0.92
255,003
255.003
261,113
$0.74
$0.59
Sheet,
160.
981.
P.
>Y%''Y:-/%V:Y;/;;: yy
deposits with
expenses,
public utilities, $600; prepaid insurance,
$144,296; property, plant and equipment
$579,685; unamortized im¬
reported
is
company
undisclosed
amOunUof
to
all
the outstanding stock of
payable,
accrued liabilities,
$398,285;
"Net
Continental Industries, Dic.~-Acquires Holyoke Plant—
corporation has acquired
at Holyoke, Mass.
The
*
A.
company.
►
./v
■/'-//■■
>.-//'■'//
taxes.—V.
officers
company". will be the same
the Franklin Machine & Foundry
Holyoke
company,
I.—v.
R.
the
of
parent
160,
have
Paint &
ry.
:
■
The
Y'Y'.
Varnish Co.—Expansion—
Net
from
—V.
the
A
sinking fund to retire its present $4 no par .preferred stock
and permission was granted, to issue unsecured
to 6% and 20 years (see V. 160, p. 829),—V. 160,
..-/:,/:'•
y/YVyv■'
company on Sept. 25, announced the purchase of a substantial
in Brazil's leading glass eompany, Vidraria Santa Marina of
$4,609,313
$4,108,309
$3,340,509
1,678.224
1,534,161
742,231
1,413,861
1,078,465
32,109,969' 29,974,829
10,140,330
10,443,864
6,139,921
5,833,548
21,615,296
7,368,529
5,453,372
1,100,300
directors,
according
concern.
Glen
to
Cole,
W.
.
investment,
it
of
President
'.
.
Brazilian
The
the
was
was
Aires.
.
New
subject to possible adjustment as provided
Jersey
company and the Delaware company shall
by the holders of the capital stock of the New
the May 1 or Nov. 1, as the case may be, next
received
detached
to
from
annum
per
on
any coupons representing such interest
bonds prior to the delivery thereof.
such
assenting to the plan.—The holders of the capital stock
1943 "
1944
from
■
%
1942
1941
'
$6,317,684 % $5,446,215,
2,130,881
1,755,716
979,194
1,042,808
$6,644,978
1,904,614
799,619
$7,445,543
52.712,406
14,659,990
54,815,648
47,151,666,
39,628,008
railway——
from
8,101,262
19,415,623
8,844,672
15,278,045
income...
12,151,103
7,340*732
railway
railway.
Net ry. oper.
5,766,420
from
Gross
Net
from
Net
ry.
—V.
income..;.
2,641,020
railway.—.
1,192,166
oper.
160, p.
7,123,658
1293.
•
■
■
,
■
"■
with
both
American
South
developments,
Brazilian
transaction, Mr, Curtiss disclosed, follows the exact
developed during negotiations leading to the Argentine affil¬
both cases Pittsburgh- Plate Glass Co. purchased the sameY
number of common shares as Corning Glass Works, but
the latter
received additional shares in compensation for scientific formulae and
pattern
In
iation.
technical
South
advice
American
lodged'
with
in
the
a
which
it
companies.
newly
will
place
at
Coming's
■
formed
following directors: C. R,
Jorge Americano, all of Sao Paulo.
Of
will
disposal
Vidros
on
Corning
and
granted to the Delaware, Lackawanna & Western
certificates of deposit in respect of not exceeding
of the capital stock of the Lackawanna RR. of New
lb) not exceeding $10,580,000 of its Lackawanna of New
first-mortgage
division
borids,
of
consisting
and $2,645,000 of series B borids,
of the two properties.
in
Marina's
tableware
will
output
and
at
the
window
time is
the
limited
largely
Corning
$7,935,000 of
with
against
applications.—Portions
income
Federal
the
.
of
them
taxes—The
Crosley
Federal
.
Delaware
is
as
much
as
should
production, immediately after the
40%, as has beem officially predicted,
be
able
to
production of its
peace-time products on the basis of its 1941 volume," according to
R. C. Cosgrove, Vice-President and General Manager/ Manufacturing
Division.—V. 160, p. 622.
that
such
and
company
York
of
and
RR.,
the
taxes,
Delaware
but
that
^
for
gold debentures due July 1, 1956, recently
redemption
Denver & Rio Grande Western
the
merger
Net
Passaic
&
ry.
railway
railway.™/.
1942
$6,164,963
$6,486,351
2,084,687
2,953,632
1,701,970
income
oper.
RR.—Earnings—
1943
1,250,648'
$5,365,563
2,573,923
2,225,720
/
1941
$3,015,038
936,072
-
674,286
From Jan. 1—
from
Gross
45,368,733
railway
9,192,588
160,
9,545,937
Detroit
Edison
Gross 'earnings-
Co.
(&
Subs.)- -Earnings—
1S44
August 31—
1943
—$93,814,372 $84,718,688 »
80,522,705
71,524,058'
/.v.
.....
Utility expenses
RR.,
company's
11,762,696
.18,267,358
3,304,579
1,473,153
1078.
p.
12 Months Ended
.
1,996,165
opef%income...
ry.
—V.
46,646,233
20,840,749
31,243,139
14,197,956
Net from railway
Net
government instituted actions
the Warren RR., the Syracuse,
the
from
Net
program
1944
from
....
Delaware
Income from
Other
utility operations.——,
miscellaneous
—
income——....
.....
,
$13,291,667 $13,194,G30
201,117
58,266
»
Gross
compari^'wa^'hot liable for the
pay¬
Federal ' government - could collect
the stockholders of the lessor com¬
government
resume
'
should
Interest
income..._......
•
...
™.
have
an
opportunity
to
levy
thereon
—V.
160,
,
/
August—'
Gross
this
Net
from
1944
railway...".
$93,362
of
such
companies
involving
the
liability
of
the .Delaware
$8,501,751
oper.
,.1943
'
1942
1941
$99,507
$72,956
*3,424
40,816
10.219
2,690
income—_
,$75,619
9,403
from railway..
Net ry,
687,578
Ry.—Earnings-
-
*10,131
32,772
2,299
610,878
500,196
.
■
.
From Jan. 1—
Gross
Net
railway*
649,848
657,789
railway......
,70,038
82,427
160,142
75.150:'
income.._
19,952
4,421
102,338
16,439
from
from
Net ry.
oper.
'
holders
$13,492,784 $13,252,896
4,805,206
4,751,145 '.
1182.
p.
Detroit & Mackinac
for
decision, petitions have been filed by the Federal
government and temporary injunctions restraining further rental pay¬
ments. have
been
granted.
Additional suits have been, commenced
by the Federal government against the Delaware company and against
other lessor companies, including the New Jersey company, in which
similar
temporary injunctions have been granted.
Suits have also
been commenced by certain
of the lessor companies and by stock¬
income
Net
.
to
corporate
the
taxes..
Pursuant
in military goods
Corporation
160, p. 623.
August—
of rentals payable to
panies and to that end might file a supplemental- petition for judgment
asking that" the lessee be enjoined from making further payments
to stockholders of the lessor companies out of any rentals until the
(The) Crcsley Corp.—Post-War Outlook-rdefeat of Germany,
share has been declared on the
Oct. 31 to holders of record
amount was made on July 31,
20, 1944,
Gross
Federal
out
such
the cut-back
held
ment
.
■
like
time
based on the payment of rentals directly to the stockholders.
April 2, 1942, the U. 3. Circuit Coiu-i 'oP1'Appeals for the Second
Circuit
to
products
be
.
of
panies,
and
2414.
per
payable
Holders-may at" thfeir dption-~surrender such debentures at any
on or prior to date set for redemption arid receive in payment
100 and interest to Oct.
20, 1944.
See, also Northeastern
Water Co. in last week's "Chronicle", page 1298.—V. 160, p. 1293/
connection
liability-(for Federal income taxes: assessed -against the lessor com-
manufactured
by the Brazilian concern as soon as
equipment can be provided are tableware and many
Pyrex brand products including ovenware.
The Argentine company :
has
already started manufacturing Fyrex brand products.—V. 159,
furnaces
value/
at 100 and interest, will be redeemed as of
at The Chase National Bank of the City of New York,
trustee, 11 Broad St., New York, N. Y.
already
have been approved by the ICC.
On April 25, 1944, acquisition by
the Delaware company of control of the Valley RR. through owner¬
ship of stock and purchase by the former of the property and assets
of the latter was approved and authorized.
Pursuant to that authority 98.5% of the Valley RR. stock has been
acquired. Merger of the properties Of the New York, Lackawanna &
Western ZRy.
into the Delaware company- and acquisition by
the
latter of control of the New York/Lackawanna & Western Ry. of Pa,
was approved and authorized by the ICC on
May 15, 1944.
On
Among
par
distribution
AH of the outstanding 6%
called
Oct.
merger
lessors of the. Delaware company, to determine the Delaware
Brasil,
Varty, Trajano Pupo Netto,
present
glass.
of 20 cents
2)
no
initial
An
Delaware Valley Utilities Co.—Redeem Debentures—
(a)
proposed
(No.
stock,
2.
last.—V.
■
'Santa
bottles,
dividend
Oct.
shares
,-Binghamton.New
the
investment,
the
Brazilian
company,
A
common
Previous
Pittsburgh Plate Glass Co.; co-partner of Corning in the manu¬
and 'distribution''of. glass? products for building purposes, ; is
identified
Delaware Power & Light Co.-^Dividend No. 2—
;
GENERAL PROPOSALS
facture
this
cash,
First National
Net
Acquisition of leased lines—The proposed merger is part of a pro¬
gram to merge eventually into the Delaware company all the propertiesof its leased lines.
The Delaware company will be benefited by such
mergers principally in a reduction of its fixed charges and settlement
of pending tax litigation hereinafter discussed.
made
company,
handle
all
of
"If
the
company
Gross
' ' ;Y.V%VV..V
American
the
/.
explained,
through a
Corning Glass Works of South America, organized
Coming's interests in the southern hemisphere,
William H„. Curtiss, Vice President and Secretary of Corning Glass
Works, has been elected President of the South American subsidiary,
and Lawrence King appointed Managing Director of operations.
In
1943,
the American
company
made a similar contract with
Argentina's foremost glass concern, Cristalerias Rigolleau of Buenos
p.
for
therefor
holding
which
exchange-
From Jan. 1—
8,923,704
429.
p.
A bonds
series
Majority control will be retained by the original owners in
America
but Corning will be represented on the
board of
South
and
in
Lackawanna of New Jersey division first-mortgage
August—
VI
income—
issue
to
Jersey
Paulo.
S.A.,
stock,
such
.Earnings for Auugst and Year to Date
1941
s.
Authority
(2)
105,800
Jersey
The
be
profits
Sept. 16 approved the following:
1 /
(li
Merger of the property of the Lackawanna RR. Co. of New
Jersey into the Delaware, Lackawanna & Western RR. for ownership
and continued management and operation.
interest
The
the
%!;..!■ See also New York, Lackawanna & Western Ry. below.
1942
1943
806,157
579,514
railway
ICC
The
Corning: Glass Works—Expands in So. America—
also
after
convenient
pany,
KR.—-Earnings-
,V
railway.™ 33,990,065
oper.
160,
RR.
The
-
reasonably
$75 of the series A bonds,
the
$0.17
excess
thereon.
as
assent to the plan by depositing with
Bank, New York, as agent for the Delaware com¬
their stock certificates.
At the same time a proxy is to be
sent
to such agent authorizing
the designated persons to vote the
stock in approval of the agreement.
The Delaware company may
accept assents from any holder of more than $50,000 of stock without
such deposit.
133,219
$0.72
vote
soon
of the New-Jersey company may
proved—
authorized
was
981.
to
124,450
and
income
to
equal tp, and representing fixed interest from the
date-up to and including which the rental under the lease
been
be
Delaware, Lackawanna & Western RR.—Merger Ap¬
post-war
a
debentures .limited
Sao
the stockholders of both the Delaware
to
stockholders
out
shares.
p.
Federal
1944
$4,002,571
income...
oper.
From Jan. 1-—'
Gross from
at a meeting held on Sept. 15 approved proposals
by the management designed to enable the company to.
expansion program, if desired.
They voted to
provide additional working capital by authorizing the company to issue
the remainder of its authorized preferred stock amounting to 25,422%
also
••
railway.™
railway———
from
Net
those, of the
Co., Providence,
recommended
carry
of
company
preceding the date of the merger, at the rate of 4%
-C-'/v
:
& Hudson
from
Gross
Net
Net ry.
Cook
to be
merger;
and its
is
merger
agreement
'
as
Y
160, p.. 623.
August—
YYY
-V,,; ":YY%/•'/
82.9.
p.
the
Delaware
the
agreement,
rental
between
$22,490
$0.83
1_:
including
charges,
Delaware
'Except for the resignation of Vincent P. Marren; former President,
.
share...
.
all
After
representing
An amount in
Jersey
1942'
■
entitled
exchange—As
Method of
1943
$89,590
'
$102,535
124,151
-
Earnings per
./'// /■
/'"Y /
Bodes, Chairman of the board, announced 'that steel
products such: as steam boilers/ water tanks and electrically welded
pipes for water supply during post-war rehabilitation would be needed
in war-torn countries of Europe, and in Asia, Africa and Australia,
explaining that Continental Industries' managerial experts have ''blue¬
printed" plans for developing the foreign markets of the Holyoke
/
r—
profit
Outstanding common sharest
the 50-year-old Walsh Holyoke Steam
Works
Chester
proposed
of
terms
$75 of Lackawanna of New Jersey division first-mortgage bonds,
the
in
last
•
Dejay Stores, Inc. (& Subs;) —Earnings—
1944
stock
of
deposit
to
^
the
<b)
$421,575;
6 Months Ended June 30—
Boiler
the
between
of the
(a)
,
,
with
1944,
the agreement
stock
series A, and $25 of
taxes payable and accrued,
deposits on merchandise, $670;
reserve for Federal taxes on. income
(less U. S. tax savings notes of
$1,101,000), $1,115,500; deposits on employees' stock purchase con¬
tracts, $4,613; common stock (par $1), $850,000; surplus, $2,339,768;
reserve for post-war inventory adjustment, $200,000;
total, $5,430,717.
—V. 158, p. 1241.
negotiating for
be
cash of
26,
bonds, series B.
total, $5,490,717.
to leased property, $128,358;
Liabilities—Accounts
$160,307;
the: acquisition for
the Mono
Service Co., makers • of paper cups and merchandising containers, of
Newark, N. J. It was said on Sept. 21 that the principal stockholders
of Mono Service had accepted an offer >■' and .that approval of the
plan by remaining shareholders, ,was sought. Assets of. the .Newark
company were, said to exceed; $2,000,000.—V. 160, p. 728. • ;>%■■: '
The
.
an
MERGER
and for all rights or privileges incident thereto,/nciuding any
right to rental under the lease; bonds, arid cash representing interest
thereon for past periods as follows:
%> 1
for depreciation of $226,285),
reserve
provements
Y//Y
Continental Can Co., Inc.—Probable Acquisition—
.
OF
merger.—The
stock
'
—v.
the
merger the Delaware company will issue and pay to the
holders of the capital stock of the New Jersey company or certificates
receivable—trade—-sundry and accrued, $120,898;
inventories, $2,369,272; post-war refund—excess profits
other
and
(less
$4,352,409
$4,076,474
of
Terms
date
1011
31,
July
.
hand and in banks, $1,435,969; U. S. Govt, securities,
on
$418,110;
tax,
taxes
$292,298
$225,815::
New
representing at least two-thirds of the voting power
255,003
$1.00
accounts
merchandise
expense,/etc.'Y/—■—.%
the
of
companies for approval by the holders of outstanding
of
$504,544
$781,803
.
Balance
■
stock
of
and New Jersey
of
Net
holders
corporation will be the Delaware
the ICC approval of the applications,
Cr 12,168
Balance
Divs.
the
to
and the New Jersey company and its board of
agreement provides, among other things, that the
company.
Conditioned
provision is made for
The
directors.
2,170,903
sh
com.
.
managers
April
$3,006,774
profit
Earns,
4,751,590
4,862,691
388,664
509,014
•
Fed.
Dividends paid
$966,351 $12,363,984 $12,789,930
$1,020,218
accordance
dated
Cr28,988
$2,760,247
(net)....
*
shares
Net
j
in
effecting
2,007,432
operating profit.
income
for
Prov.
7,524,324
14,642,013
8,865,882
567,290
794,134
taxes
lor
Net
Other
822,090
i
of
surviving
and
"amortization.
effected
1944
1943 1942
1941
$19,772,429: $20,010,364 $14,228,612 $10,368,529
goods sold and'
Y '''"'//v'/"/'
^ /;/:■/
expenses
17,012,181
17,003,590
12,546,847
12,561,724
oper.
$4,564,494 $59,929,575 $56,029,389
1,858,484
23,652,262
21,073,122
'
the merger.
out
Method
...
Cost
1944—12 Mos.—1943
1944—Month—1943
$4,767,193
—u/;™_
delivered
AGREEMENT
Davidson Bros., Inc.—Earnings—
'
Gross
"
NEGOTIATIONS
company as hereinafter set forth,
Pursuant to this proposal
the Delaware and New Jersey companies have formulated an agreement
of merger and a plan of adjustment setting forth the provisions for
carrying
31—;
been
Jersey
v
Years End. July
State
has
of the New Jersey company and other lessor companies. As.
a
result of
these negotiations the Delaware company and the New Jersey company have reached an agreement, effecting a compromise
whereby the Delaware company will pay- the Federal income taxes
and interest
thereon in respect of the income of
the Hew Jersey
company, and will be reimbursed to the extent of one-half of such
payment by withholding the payment of contingent interest in respect
160, pp. 429, 533.
Sales
Federal
the
the
which
holders
$2,987,279
$4,598,413
to
to
thereon,
conformity with the previously mentioned program to merge into
the Delaware company the properties of the lessor companies, thereby
eliminating the problem of Federal income taxes in respect of the
dividends on the capital stock of those companies, and providing for
the payment of such taxes and interest due for periods in the past,
negotiations were entered into with the officers, directors, and stock¬
capital
An
addition
indebted
was
interest
In
%■.
$25,748
32,500
644,242
401,973
1.557
170,980
386,867
57,689
10,000
26,039
331,836
232,500
665,348
'
Notes
Accrued
Int.
Jersey
Delaware
PRELIMINARY
Notes
444,394
.
1*,362,924
2,149,390 "
Total.
Y
Other, income
'%
26,7li
:
assets.-263,199
Fixed assets, net of
Deferred charges
:
$872,791
——$1,566,397'
—™——™™__'
Other
1944—12 Mos.—1943
$9,153,965
$5,104,138
438,665
$5,410,723
Operating income
.
income taxes*
of New Jersey for
in controversy
for more than 10 years.
On July 21, 1943, the Chancery Court of
New Jersey held that chapter 290 (P. L.
1941, p. 768) as amended
by chapter 241 (P. L. 1942, p. 651) of the laws of New Jersey, being
"An act relating to the ,collection, of certain delinquent taxes upon
railroad companies," was unconstitutional.
This decision has recently
been affirmed by the New Jersey Court of Errors and Appeals; and as
a
result the Delaware company became liable
for the payment of
interest penalties to the State of New Jersey on unpaid taxes for
the years 1933 to 1940, inclusive.
In accordance with this ruling the
Delaware company has since paid to the State of New Jersey $12,761,053, which, according to its computations arid view of the law, is
the
maximum
amount
of the principal of the
taxes and interest
penalties due. If, however, certain questions of law should be resolved
unfavorably to the Delaware company the total of principal and
interest might be substantially increased.
- •;/."-/.,V
$112,318
U, S, Treasury certificates of indebtedness
$35,798,464 $34,037,832 $53,316,071 $50,266,826
20,811,674
19,054,953
31,332,961
27,072,823
4,104,001
3,680,276
5,950,084
5,083,866
5,472,067
6,198,464 «
6,879,061
8,813,034
revenues
;
391,000
of such
New
the
$236,528
$812,795
j
,,
,
$432,360
year
—
curnul. pfd. stock..
Accounts and notes
oper,.
>
>
for
Cash
Consolidated Gas Electric Light & Power Co.—Earns.
Period End.
10,163,185
87,880
.
Comparative Consolidated Balance Sheet, Jan. 81.
Assets—
,'
./•V"1944
.
Operating expenses
Depreciation:
$1,447,646
and
profits taxes—.1,015,287
excess
Mr.
Total
126,031
Provision
Lighting Co., and the New York-Steam Corp.
the Westchester
1942
11,977,823
106,181
16,100,020
amortization
and
1943,
>.
gen¬
state
Vice President, on Sept. 26 was
member .of the executive committee at the
a
1944
amount
$17,673,699 $12,896,799 $10,487,593
—
occupancy,
eral and admin, expenses.™.™
Executive
Searing,
31—
™_™_——.
sales, incl.
of
Depi*eciation
New Trustee and Executive Committee Member—
Hudson
Sqlcs
Cost
Jan.
Ended
Years
.
income taxes assessed against
such stockholders. The total
unpaid taxes in respect of all the lessor companies*,
as computed
by the Delaware company together with interest "as of
Dec.
31, 1943, is $7,539,512,
The unpaid taxes of the New Jersey
company as of that date amounted to $1,096,338, including interest.
(Including Wholly-Owned Subsidiary Companies)
Sept. 27 annotmced that system output of elec¬
tricity
(electricity generated and purchased) for the week ended
Sept. 24, 1944, amounting to 171,100,000 kwh.; compared with 213,100,000
kwh. for the corresponding week • of 1943, a decrease of
19.7%.
Local distribution
of electricity amounted to 161,900,000
kwh., compared with 199,200,000 kwh. for the corresponding week
of last year, a decrease of 18.8%.
company
company for the payment of the Federal
the lessor companies and its liability to
Darling Stores Corp.—Annual Report—
Consolidated Edison CojTof New York, Inc.—Output'The
Monday, October, 2, 1944
_
•Deficit.—V.
160,
p.
982.
Volume 160
adjourned
an
the
of
sale
certain
of
stockholders
meeting, of
special
company's
the
assets,
held
outlined
as
Assets—
Sept. 15.
in letter to
on
dated
for the sale of the
U;
■;' y;'
Detroit
was
Steel
V
$0.57
to
share
per
the
,on
shares
206,250
Reliance
Steel
(Equal
to
$0.37
share
per
combined
The
net
profit
Post-war
Goodwill,
Notes
Fed.
est.
Reserve
division
Whittaker,
the Office
of
recently
until
of
Price
executive
an
Administration,
has
in
been
&
for
tCommon
the rationing
elected Vice-
y.' and a branch line of four miles from Sparkill to Nyack,
of
The
the
directors
Sept. 20.
Sept,
$50,
Last year,
the company
1, $1; and Nov. is, $2,-v. 158,
dividend
a
Sept.
30
691,775
319,368
3,500,000
662,000
122,000
2,456,808
2,456,808
,
—
As
/"
result. of these acquisitions and certain
a
J9r69,154
of stock control.
On
July
which
and
ated
Net
ry.
Gross
4,607,973
4,668,240
3,915,975
2,162,326
1,726,331 V 1,102,695
27,430,400
25,384,705 .27,904,496
Gross
'
from
Net
from
Net
14,185,654
13,885.249
18,078,500
ry.
Gross
7,624,841
5,234,771
4,385,370
1944
the
by
lines
of
from
ry.
i—V.
The
$181,900
50,922
46,700
^37118
2,743
9,984
15,426
1L060
The
no
,
railway
1,737.400
486,191
2,280,000
_
686,739
income™
oper.
265,299
Sept.
regular
a
each
219
'259
47782
'
4
94,3*9
173,312
quarter
dividend
holders
to
made
were
paid
30
during
of
of
like
record
March
on
extra
an
1943.—V.
156,
amount
Sept.
31
and
of
dividend
com-
the
on
common
20. V Distributions
June
this
30,
year,
1237.
p.
Net
,
/
r.v.
649,650
682,117
249,073
183,465
railway—.
22,907,446
21,697,958
.5(710,453
2,076,856
5,935,125
1,161,511
railway
income__
oper.
.
Period End. Aug. 31—
Ry.
oper.
Ry.
1944—Month—1943
$1,230,087
revenues
expenses-J;...
Gross from
1944—8 Mos.—1943
$1,134,101
Net.
783,962
657,941
5,985,232
305,252
2,120,873
$170,908
$1,262,284
$1,520,874
3,218
3,846
28,818
32,215
$174,754
$1,291,102
ry.
"
2,408,270
$167,519
from
Net
$9,221,716
$9,368 389
—%.%%%.%%%4'/4 278.606
$1,553,089
oper,
Taxes
Oct.
with
1,
the
mortgage
.5,292,572
—V.
income™
oper.
160,
22,170,248
8,335,196
1,864,855
oper.
Other
revenue™
1950,
been
surrendered
Long Dock Co.
and $5,955,000
income
proceeds
July
of
sale
All of
———...
Int.
corporate
inc._
funded
debt,
on
rents,
etc.
$170,737
'S15,074
27,930
/;%.;. 24,586'
Payment
tiustee,
19,161,514
$146,151
$146,824
shown,
post-war re¬
adjustments
V,___
:
.
69,124
540,049
*:
.
'^-V. 160.
•
601,958
$77,265
$535,979
$77,700
Division
!*
VT
Loan—During
$5,000,000 under
able
agreement,
:;stock
April,
1944,
established
company
of
credit
a
at
the
of
among
company
50%
of
excess
the
of
other things, limits cash dividends on capital
during 1944 and 1945 to an amount not in
earnings, before provision for contingencies,
$362,000
:.yy.
with the prior approval of the loaning banks and the Federal
■Reserve Bank.
There
is
outstanding at June 30, 1944, $3,500,600
except
in
in
the
1944
year
In
bonds/ due Sept. lr 1971.L- $17,094,000
5%' bonds,
reserve
months
of
tingency
•first
six
total
1944.
$262,000
added
was
this
to
reserve,
making
.
of
as
June
during
30,
1943 and
1944,
of
■Sept. 30,^1958,. 1011625% ; thereafter, to and
100.875%; and , thereafter prior to maturity
1944 to
together with' accrued interest.
.
Income
Account,
*
Net
..-.,3944
$11,362,312)
.„v.-™_™>_—.™—
sales
-4-._. > 8,729,542)
•;§,Cpst''o
*
;
Not
;
>''■
.
-
Reported
$2,632,770
Gross profit
-
-1943:
$942,447
784,323
'
.
'
/
$335,877
..
Oct.
due
Company'—On
Profit
<
from
operations™-™^™-—---—
'
Other
income
54,747
24,343
$1,903,194
section
-the
*.$360,221
—
Profit
-Income
other
before
tax
,
^Excess
profits
Interest
paid
Net
charges——
f
tax
—
.
85,000
53,686
46,762
—.———
«L_
—
for
$469,508
:
—
$130,058
262,000
425,000
$207,508
profit
Provision
Profit
Dividends
62,537
tEarnings
,
.
.in
.
/ After
i 943.
class
B
per
—-iL
share
deducting
IBased
shares.
post-war refund of $144,000 in
on
combined
JProvision
for
57,240
class
post-war
depreciation, obsolescence and amortization
(1944, $182,422; 1943, $198,419).
A
1944
$0.21
and
shares, and
rehabilitation.
of
plant
them
;
$0.41
,
and
$11,600
443,223
§Includes
equipment
subject to authorizan-y,
>
at
102;
and
of
Jan.
18.
the Federal
mortgage
4%
bonds,
1938, the company filed a petition under
Bankruptcy Act with the District Court, for
Division, and on that date an
District of Ohio, Eastern
approving, the petition was signed bv the Court and on Feb. 14,
the Court appointed trustees of the property.
Subsequently,
1941/ the Court confirmed a reorganization plan
-covering both companies and thereafter confirmed the appointment of
five reorganization managers to carry out its terms.
On Dec. 22, 1941,
pursuant to such plan, the trustees under Court orders turned back'to
the reorganized company all the property and business then held by
erties.
$105,058
contingencies——_—
1950,
to'be
On
as
June
trustees,
issued
in
16,
and the new securities which under the plan were
exchange for certain outstanding issues were made
available.
1941, the trustees of the property of the Erie RR.
acquired all of the properties of The Nypano RR.,
Cleveland &
Mahoning Valley Ry. and Youngstown & Austintown Ry., and the
railroad known
as
Westerman Coal and Iron RR., which together
constituted 551 miles of the Erie System lines between Salamanca,
In
October,
shown
above,
the
company
was
perior of years $3,506,425
a
outstanding in the hands of the public
of obligations of lessor companies
companies,
the
interest and sinking fund jointly and severally by the
and other proprietary company.
In addition the company is
with
other
proprietary; railroad companies, as lessees, with,
to principal and interest on $50,000,000 of bonds and interest
sinking fund payments on $30,048,000 of bonds of Chicago &
Western
Indiana RR.
Company has also guaranteed the payment of
principal of and interest on $400,000 Blossbui'g Coal Co. first mortgage
6% bonds, due July 1, 1937, owned by a wholly owned subsidiary of
/■the company,-■/':'y- v;-./v
y'y/>;:. Summary of Earnings Statement
v".,
";>/-//..,:.V:fi/-/
/
:/■
'>./
/
Oper.
Oper.
Net -,
Railway
Revenues
Years—
1934—
Railway
>■'
■■
}•/ >Income
' /'
Expenses
Oper. Inc.
;
Avail, for
tTotal
Fixed
Fixed
Charges
Charges
$75,064,122 $54,311,372 $12,699,832 $14,047,717 $14,643,851
75,126,702
54,793,414
12,960.726
13,884,626
14,732,126
1935
58,882,551
16,338,791
16,910,815
83,925,726
60,997,804
13,614.008
14,118,317
14,546,710
1938--—"69,5097060
56,103,282
3,23.4,328
3,595,948
12,148,915
14,368,842
1936_—__-, 85,005,111
1937™
34.710,901
'
:
11,464,135
81,217,363
59,372,910
1940
86,606,613
61,662,046
13,853.996
13,977,835
13,958,672
1943.
106,845,421
72,149,109
20,931.583
21,778,543
13,782,205
1942—%% .133,353,572
-
84,642,469
24,982,265
6,784,311
1939—'
13,593,536
157,893,223
104.127,77'2
90,464,868
54,656,839
12,228,202
12,666,487
3,621,334
93,075,704
3943———
24,372.831
19,807/691
63,139,793
12,255,373
9,593,284
3,463,278
•'!»19"43%'2%i'*
*1944
20,490,838
6,125,483
"Seven months ended July 31.
the ten calendar year period covered by the table above,
income taxes were accrued only in respect of income for the
1936, 1941, 1942 and 1943. .Such Federal income taxes have been
deducted before arriving at,the: amounts shown.under the heading in¬
i'During
■
-«
debt
principal,
and
Federal
years
come
available for fixed charges.
•accruals
lar
amounted
In
1942 and
1943 Federal income tax
$10,717,656
to
for the
accruals
seven
and $17,549,958, respectively..- Simi¬
months ended July 31, 1944, amounted to
$^,944,355.
,■
.
.
.j
this, table from Jan. 1, 1934, to Dec. 22,
charges on the debt of the companv and
rentals for leased roads as they existed from time to time prior to
tlie reorganization of the company on Dec. 22, 1941.
For the period
from Dec, 22, 1941, to July 31, 1944, they include fixed interest charges
fixed
f.'Tot.al
include
1941,
on
the
time
debt
and
the
in
charges
fixed
subseouent
eluded
The Nypano RR-, a wholly, owned subsidiary, filed a subsidiary petition
under section'77 and the-same trustees were appointed for its prop¬
104,600
-
——-
1938,
78,800
1,295,000'
—
7.7
Northern
order
:
1,
Erie RR. first consolidated
series C, due'Aug. 1, 1957, at 104Ms.
(b) $5,955,000
"■
606,570
$1,848,447
the Interstate Commerce Commission.
Purpose.—Net.'proceeds .($12,890,670., exclusive of accrued interest),
together with ..funds to be provided by the company to the extent
required, will be used. to redeem $13,385,000 of obligations, as follows:
(a) $7,430,000 Long Dock Co/consolidated mortgage 3%%
bonds
Six Months Ended June 30
'■
%
: •
Issuance—The issue and sale of these bonds are
tion by
.
including Sept. 30, 1961,
at 100%') in each case
due May 1,
respect
$5,000, $10,006 and authorized
$10,000;
Coupon bonds and the various
bonds interchangeable.
Redeemable, as a
and on not less than 60 days' nor more than 95
days' notice/? if such date be not an interest payment date, at the
'following redemption prices: to and including Sept. 30, 1948, 104.125%;"
thereafter, to and including Sept. 30, 1952, 103.125%; thereafter, to
and including Sept. * 30, 1955, 102.375%; thereafter, to and including
$662,000.
The additions of $552,000
the contingency reserve are to provide
lor accruing costs relating to reconversion of "the company's facilities
to post-war washing machine production and other- war production
contingencies, including the possibility of a refund under the War
Profits Control Act.
•
a
made
registered
interest payment date,
directors
the
years
funded
capital stock of lessor
Calendar
in part, at the option of the company, on any date, on not
thai) 30 days' nor more than 45 days' notice, if such date be an,
less
authorized the creation of a con¬
of $400,000.); Before determining the profits for the
previous
to
company
/liable
whole or
1
f'
of
than
larger
denominations
not in progress.
are
in denominations of $1,000,
denominations
-j;
as of July 31,
and $1,200,2.90 par
charges in connection
with which .are included in the income account; as part of total fixed
charges under rent for leased roads.
There are $2,913,000 ox bonds, of Buifalo Creek RR. guaranteed as
payable April 1 and Oct. 1 in New York City.
Coupon bonds
denomination of $1,000,: reglsterable as to principal.
Fully regis-:
'tei-ed bonds
•
the
to
of
Interest
Renegotiation—Renegotiation proceedings for the year 1943 have
just been started,-and it is not possible to state what effect, if any,
they'will have upon the financial statements of the company,
Re."negotiation proceedings on the company's sales to the Government
*■
12,000,000
$417,000
1944; due Oct. 1,' 19G4.
1,
'■■■■'.'
13,000,000
Railway
Dated Oct.
'
74,212,600
97,125.
Inc.,
-
.'
1% %
1982
There were also
fering a price of 97.811,
net
under this agreement.
of 3.31%.
Company received two other bids for the issue
competitive sale with Morgan Stanley & Co. and associates of¬
and a group headed by Halsey, Stuart & Co.,
the
by the
"
■
bonds, due Jan. 1, 1995—%
value
interest cost to the
company/
VT loan, to make additional working capital avail¬
war contracts are terminated before completion.
a
the event that
in
The
awarded on a bid of 99.159, or an
The issue was
,
$3,620,000
mtge., series E, 3%,% bonds, due Oct. 1, 1964—
.1944,
^
series E at 100 and interest.
Report—
provided
\
issued
,
first mtge. 3%%
addition
In
Trust * Co.,
syndicate headed by The
Lazard, Freres & Co., Stone & Web¬
ster and Blodget, Inc. and Drexel & Co. on Sept. 26 of¬
fered $13,000,000 1st consolidated mortgage 3V4% bonds
be
1, 1944, and maturing in equal
on Aug. 1 in each of the years 1945
obligated to.pay the State of New York over
in respect of grade crossing* eliminations.
Erie RR.—Bonds Offered—A
$602,093
Easy Washing Machine Corp.—Semi-Annual
>
gold bonds,
First Boston Corp.,
1293.
P.
&
/
.
to be redeemed
first consolidated
are
RR.
'first,
First consol.
''V*',
'r,»
-.''120,000
income
Net
be
';
has
mort¬
Aug,
First consol, mtge.; series B, 4%
payment plus accrued interest to redemption date may
be obtained at any time, upon presentation of the said bonds to the
trustee.—V. 160, p. 1294.
'•
'
$1,324,051
$1,076,028
68,886
Depreciation
for
made at the Central Hanover , Bank
70 Broadway, New York, N, Y.
"*
will
Erie
bonds,
consolidated
bonds, series C, the fixed interest- mortgage
outstanding ih the hands of the public of $119,173,600, as
above, will be reduced to $116,306,600, consisting of:
-
bonds
5% Bonds—
and refunding 5%
which
1957,
with funds to
company
dated
-
3%%
mortgage
first
consolidated imortgage 4%
8,520,911
4,767,674
1952, have been called for redemption as of Nov. 20,
1, 1944 as previously reported), at 101% and interest.
1,
Nov.
paid.
mortgage 4% bonds, and the issuance of $13,000,000
series E bonds and the redemption of $7,430,0OO Long Dock Co. con¬
solidated mortgage 3%%. bonds and the $5,955,000 of Erie RR. first
Immediate
'/•/>:
Prov.
(not
1944
229,038
outstanding first mortgage
the
March
due
Gross
and
consolidated
$13,000,000
of
1944, vthe
31,
certificates
RR.
Ohio
'zj. Empire District Electric Co.—Calls
Notice has been mailed
of Erie RR,
bonds, series E, together
to the extent necessary.
1954, inclusive.
Erie
830.
p.
of maturity.
date
Chicago & Erie RR. first mtge.
Net
98,231,715
Upon the payment of the $2,482,000 principal amount of New York h
,
736,942
u
the
installments of
annual
to
$2,669,877
1,278,418
to
bonds, series C, due Aug. 1,
4%
gage
From Jan. 1—
■
40,340,456
$40 a share)—
of
had
$7,430,000
(b)
due
;
Eastern Massachusetts Street Railway—Earnings—
'
par)
bondholder
surrender
bonds
these
of
1941
-
$2,935,381
1,193,909
241,514
$2,559,577
railway™,,
from
1942
•
$2,879,536
from
;
;
=
.
412,420,000
($100
known
the
equipment
1943
1944
\ V
railway
August—
companies.
that immediate payment may be obtained
the bonds, with all unmatured coupons appevtaming thereto, for cancellation, at the-office -of Ftyst National'Bank,
New York, agent. • As of the close of business Sept. 25, 1944, $2,305,000
Elgin .loliet & Eastern Ry.—Earnings-
Net
.
each
upon
.
Gross
four other railroad
and
obligations
.tSince
of 50
and ixi
Jersey, Pennsylvania, Ohio, Indiana and
a direct line from New York harbor to
owns
Erie RR.
and interest
amount
per-
stock,
New
agent, of sufficient funds to pay air amount equal to the principal
as
company
cents
50
of
road,
under lease,
The lines oper¬
rights.
and stock issuable in exchange for old securities
and scrip under the reorganization plan."
'
"
v/'
■
' '
;
tlhcludes: (a) $2,482,000 of New York and Erie RR. first mortgage
4% bonds due May 1, 1947, the payment of which has been irrevocably
provided for through the deposit with First National Bank, New York,
company
cup
a
"Including bonds
0.2
any
figures do .not include the system inputs of
appearing in both periods,—V. 160, p. 1293,
above
as
operated
were
Common stock.(no par value—stated value
the War Production Board, a dispatch from Detroit says.
The
had 45,052 in frozen inventories of partially fabricated
heaters, and with $4,680 additional will be able-to complete liquidation
of its inventory.
Only five additional men will be required, it was
said, with part-time students packaging the autosheprter^ for shipment.
—V. 160, p.. 727.
■
V 44/. /:44 >y'V;;V V
of
1101399
1,408,800
364,618
;
on
value,
par
each
102,030
102,249
York,
company
stock
Preferred
heaters
company
cents
Equipment
/
Amount Pet.
"4,037 >2.1
"2,591 >2.6
This company has been granted permission to make 3,500 automotive
during the remainder of 1944, according to the regional office
"
—
railway
and
.1943
190,998
'
99,558
Electric Auto-Lite Co.—Given Heater Permit—
Early & Daniel Co.—Pays Extra Dividend—
share
.
miles
trackage
of
fFixed interest; mortgage bonds___™__™_-—
t$l 19,173,600
"Income mortgage
bonds—2—■50,930,795
Secured serial notes—' 9,500,000
:
corresponding
—Increase—
.
1944
186,961
96,967
operated
or
miles
Capitalization Outstanding* July 31, 1944
to
$217,000
160, p, 830.
The
&
.
101
operated- under
2,244
client
—Thousands of Kilowatt-Hours—
'
operated
company constitute one of
the four through railroad
between New York and Chicago, and are located in the
New
which are subsidiaries
Electric Power & Light Corp.,: and
i ■>:
Power
4'.; panics not
•
$218,600
36,113
income
44,,4'/
of
owned,
were
were
equal shares by
inputs
system
4 1941
1942
1943
4.444 <4
:•
miles
miles
company
excepting approximately 29 miles in the State of New Jersey,
which are operated under lease from subsidiary companies controlled
through stock ownership, and approximately 20 miles from Hammond;
Ind., to Chicago, 111., which are operated under trackage rights from
Chieago and. Western Indiana RR., the stock of which is owned in
"Decrease.
■yyyy
Pacific Ry.—Earnings—
•
y,,
American
>
,
'
Net
Light Co.,
Operating Subs, of—
»
railway——,
oper.
from
Net
&
Light Co.
Electric Power & Light Corp.
National Power
& Light
Co.
15,464,101
10,627,849
railway
From Jan. 1
:
Power
.
23,032,381
Duluth Winnipeg &
August.—
y
-
,
.
American
3,209,779
railwayNet from railway
Net ry. oper. income—
"~v* 160; p. 982.
■
the
1944.
National Power- &. Light Co
as compared with the
o'nfc'nnB V. week during 1943 were as follows:
J
from
4
WiarL*
*Rov*Mi:-
income
oper.
21.
abandonments, the
Chicago,
,.
of
St,
ooot'nol
3,885,934
From Jan. 1—
_
operating companies of Ebasco Services, Inc.,
railway-
from
Net
qS<wi
«
railway-
,,
•
„
from
Sept.
ended
week
the
--For
August-
4' 4% 4-44/4,4 v
Earnings—
Duluth Missabe & Iron Range Ry.
Gross
'.
TIT
Crox¬
reaching
..//
-
the
1944,
31,
2,004
139
States
% $10,263,797 $10,283,669
lines
mileage of the company increased approximately 1,163 miles in
a corresponding reduction in the amount of
result
1,537,168
Dr6 9,154
1,600,480
_
10 miles of branch
and
mileage operated under lease, for account of ethers,
500,000
—
.
*
.
Railway and
1942 and 1943, with
1941,
EbascoServices Inc.—Weekly Input—
-
J.,
25,000
%——
N, Y.,
all of the properties
Caldwell
63,277
('18,159 shares of class B com.)
4' 4 4'V44.v4 */•;' 444-4*4:
1730.
p.
including
Comprising 29 miles, of main line, from
Railway,
Waiiaque-Midvale, N.
owned
$1,633,048
in
1944 and $249,294 in
1943.
tRepresented by 57,240
shares of class A and 461,374 shares of class B.—V. 159, pp. 2415, 2518.
of
to
Ry.,
Orange and Essex Fells, N, J.
* After deducting U. S. Treasury notes, tax series C, amounting to
.
$1 per share on
holders of record
made the following payments: April
declared
payable
20
par
on
stock,
common
Co
UO., rhirairn—*1 UlViaena
t/llicago
q>l Dividend—"
Shenarii
©neparct
■&
«
Lake
148,939
Roseland
to
Illinois.
Dolese
UOiese
1943, company acquired
Greenwood
ton
trunk
Total
&
The
surplus
Presid©»fc*%V. 160, pp. 1182 and 982. 4" /4::;4V' .4
York
New
267.300
profits taxes
surplus,.
of
.
388,942
„———,
Earned
Treasury stock
and
properties
Co.,
175,753
advertising expenses——'—
rehabilitation
*%
stock
;
Dock
347,669
•4 86,981
3,500,000
excess
Cleveland
the
properties of Nyack and Southern RR. were, merged with those of Erie
RR. 011 April 11,. 1944.
Both properties thus acquired comprised 21
miles of main line, extending from Croxton, N. J., to Sparkill, N. Y.f
164,491
Reserve* for,-post-war
;*
Capital
S.
inc.
payable to banks
for. u:ontingencies„
of
acquired the properties of 10 subsidiaries,
which owned 37 miles of road and
company
Long
$1,024,021
;
■
„„
.
between
ail
By deed dated April 30, 1943, the company acquired all of the
properties of Northern RR. of New Jersey, including $50,000 par value
capital stock of its subsidiary, the Nyack and Southern RR.
The
11,600
503,727
$10,263,797 $10,283,669
;
Reserve
stock
vvy-;'
for
"Prov.
the
liabilities.
'accrued
1942,. the
The
By deed dated Oct. 30,
wages *
:
and
acquired
company
$811,485
taxes■%—4£%%%%%%——*.—%%
Other
4%V 4/
for
44,806
2,813,541
1
.'"'214,164'
-
%
___
Accrued
Diana Stores Corp., N. Y. C.—New Vice-President—
Gerald
trade-marks.,
and
patents
Accrued
89,666
approximately 411,900 shares of Detroit Steel Corp. common
p. 830.
(est.)__
tax
'
w,
out-
corporations
'39,698
144,000
2,087,043
'
——.
profits
excess
Ohio,
Dayton,
the
certain terminal facilities in New Jersey.
VI, Liabilities-—
4,// 4G'.'v% / ■//> .44% 4
Accounts .'-payable 4%%%._i/_%%%%c%.-.-4--.
indicated,, after pro forma adjustment for interest on out¬
standing debentures, approximated $201,500, equal to $0.49 per share
($2 par), currently outstanding.—V, 160,
of
(net)_—
.
Deferred; charges
period
on
cost)——
(at
refund
In July,
including
Compensa¬
1
•■■'/:
44 '
constituent
the
of
shares
•> i >/ ■'••• ■-./V
standing prior to ■ the merger.)
% ;
242,049
the
on
9,968
Y.; State Industrial
Workmen's
under
and
1941,
22,
the
industry for gun
$118,069
the merger.)
Corp.—4
3,947,963
_——j
Dec.
Chicago and Erie RR,, which owned 250 miles of the main line of
System from Marion, Ohio/ to the Indiana-Illinois State line near
Hammond, Ind., and the properties of eight subsidiaries, which owned
274 miles of road substantially all in the State of Pennsylvania.
18,500
2,666,220
__——%■
of
As
2,329,792
.
Capital; assets
out-
standing prior to
•
washing machine
'.*•'/)
:,v,
Detroit Steel Corp.
Y„ and Marion
Youngstown, Ohio.
1943
$439,280
18,625
'
etc.
Law
tion
:
renegotiation and Federal income taxes,; were as follows: ■>
and subsidiary
;
cost)—
'
Securities deposited with N.
profits of the constituent corporations of ,the present Detroit
Steel Corp. for the quarter ended June 30, 1944, the consummation
date of the merger between Detroit Steel; Corp. And Reliance Steel
Corp.,
after all known charges including estimated provisions for
/ ■I (Equal
■=
1944
$3,274,837
•
1,819,209
(at
(net>;
;%—%—:
to
mounts,
Net
;
."V"
1399
N.
Sheet, June 30
■
■
Advance
Commissioner
Corp.—Earnings—
securities
receivable
Inventories1
'■
\'v
'
-
Sr Government
Accounts
company's assets is under consideration." See V. 160,
829.
p.
22,
August
•
and, on hand—t——
Cash in banks
not ratified.
The company announces that
"the agreement of sale did not re¬
ceive the approval of the holders of 75% of the stock of the company,
and accordingly the sale will not be consummated.
No other proposal
stockholders
Balance
Comparative
Corp.—Sale Voted Down—
Detroit Paper Products
At
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4321
rentals for
to
bonds which
leased
of
fixed
the
Stone '&
purchasers
*
Webster and
Inc.1,700.000
1,250,000
& Co.—
1,000,000
W
E. Hutton & Co,™
1,000.000
Estabrook & Co..,750,000
Hornblower fiz, Weeks
750.000
Green, Ellis & Anderson :
500,000
Hayden, Miller & Co.500,000
F
S
Moseley
they existed from
and the
they respectively have agreed
Blodget,
Drexel & Co
as
—
time
to
Contingent interest is not in-
charges.
Amount
The First Boston Corp.- $1,700,000
Lazard Freres & Co.—
1,700,000
Name—
roads
the reorganization!
1/.
column of
Purchasers-—Names
such
in
interest
*
principal amount of
to purchase follow:
Name—
Amour,';
Harris, Hall & Co., Inc
The Wisconsin Co
R. L. Day & Co—_—
The Illinois Co. of Chic.
Merrill Lynch, Pierce
Fennel* & Beane____
Stein Bros. & Boyce—
Whiting, Weeks &
Stubbs ...
$300,000
300,000
250,000
250,0QU
The Ohio Co/.™—
Wurts, Dulles & Co
150.000
150,00(1
250,000
250.00U
250,000
for Month
Earnings
railway™,
Net
railway——/
from
Net
ry.
.
income,,
oper.
Aug. 31
Ended
Months
8
4V";"l943 1
<■
4,209,782
1,458,692
•
'
.
'-5,521,452
1,518,916
•
:
Fjroedtert Grain
—
b'; Increased—Also
1941
$9,662/215
3,445,502
2,079,425
4,339,477
2,493,426
.
i1
/
»,
1942'
$13,392,377 $13,947,331 $11,615,480
.
from
Gross
and
>1944
August-
from
Net
from
Net
ry.
—V.
railway.,
106,468,081 104,412,199
34,145,693
41,329,481
.
railway.——
.
13,747,118
13,714,065
income./
oper.
86,672,909
30,821,709
15,563,089
■/"''"'
160, p. 1294,
Z Z'
'
.
.
68,785,759
23,853,723
14,383,08a
:
■
Good Position—
Evans Products Co.—In
President, told
stockholders that the company was /in a fine position for a speedy
return
to peacetime production
of civilian; goods, -since it was faced
with a minimum of reconversion problems.,
"No reconversion problems
exist at all in our battery separator plants in Marshfield, Ore., and
Vancouver, B. C./ as this product has been an-essential in war as it
meeting held on Sept. 15, E. S. Evans,
annual
the
At
said.—V. 160, p. 625.
always has been in peacetime," he
Net
•
of
1944
31—
144,377
Statements-
•
,
on
York
New
City.
the
120,348
$1,24
President of the
Vice
a
has been
160,
1079.
P.
'
'
;/Z,;/Z .!7;ZZ;Z
:.;/Z"Z\ ...Z/
(III.)—To Redeem Bonds—
Country Club
will
'/■;■
111.
v:
/"'/■
of
$84,443
$1,2X6,134
726,259
688,348
Net
.
7,332
11,116
171,595
$11,154
$13,124
$209,720
1,686
Dr781
11,868
$12,342
$221,588
$211,380
6,333
76,ooo
profit
Balance
Retire,
4
—
$12,842
_—
Gross
income
Interest
charges
5
———
V,
6.333
income
3,958
$143,146
$5,889
'
t
;.•*
T,..
Years End. June 30—
inc.
from
Operating
Gross
Fed.
Net
"
1942
1941
$5,316,719
$4,289,173
2,488,617
2,669,659
2,920,448
$1,572,805
$1,925,652
$2,396,271
$2,088,692
458,740
601,130
709,662
409,078
.A—
;-438,262
V
550,463
.537,771
•
Assets—Cash
trade
stock,
eral
130.553
37.500
i 37,500
U.
793,439
792,261
130,553
_
Consolidated
Assets—Cash
on-hand
Balance
and
Sheet, June 30,
banks,
in
190,000
>
of
of
of
Liabilities—Notes
and
8.
Treasury
savings
amount
V.
payable. $3,350,00C: dividends payable cn
common
due Security Bankers Thrift Club (savings
employees of Family Finance Corp.
Net
.i'r"/
.
:■'
Waller
Lamb,
420,000
$1.68
.;
2079...
p.
accrued
Plant
of
Co.
for
after
160,
York
New
loans
Detroit
months
—V.
N.
a
•
Sept.
on
Manufacturers
'
■Corp.,
National
notes
on
-
,
,
;
C.
Hallowell
President since 1932,
Senior Vice
Gray,
filling
Gardiner.—V.
fhe
158,
vacancy
p.
caused
289.
by
'
the
from
Gross
Net
from
Net
rv.
railway——
deprec.
from
from
Net
railway.—
railway—.
...
*
r".
oper.
income.__
Deficit.—V.
160,
Fort Worth
p.
$1,7Q4.823
815.565
*56,245
from
^et
from
Sfet
ry.
7,018,276
5.187,721
of
4,269,431
1,203,025
V
from
from
>Tef
r,r.
-V.
railway—
railway
oper.
160,
p.
income
983.
...
$819,125
$8,832,449 $10,166,716
3,709,860
3.770,56Q
302,525' '
$373,754
$150,748
.
$516,600
223,006
$&,122,59(1
2,676,064
$6,396,156
2,676,064
$293,595
-
223,006
stock
_
160,
$2,446,526
$3,720,092
984.
p.
retiring
S.
Calif.—New Pres.—■
active
manys
who
participation in the company.
Vice-President
years.—V. 158, p. 1278.
'
Mr,, Beesemyer- had
Earl B. Gilmore,
succeeding
Beesemyer,. President,
from
General Manager
' '
'
and
been
/
f
•
for
^
Glen Alden Coal Co.—To Call Entire 4% Bonds
.
$1.39
for
credit
post-war
any
Social
.
..
Security
Operating
Net
number
the
the Defense
:Vk
;
Chairman
and
his. death.—V.
bf
160,
became
of
from
/
war,
Food'Administration in
War
$1,130,019
$604,909
751.227
624.395
222.146,
389,314
427,102
cere^*;
Motors
:
of
comnfon
1944
and
423,796,
was
preferred stock¬
composed with
"Z
holders
holders
of
of
stock.
preferred
stockholders
1944.—-V. 160,
stock
common
,
/These
I Hi)
balance
figures
preferred
and, 21/719
1294.
p.
the
and
of
ll.ooi.mo
9,900.452
6>12,°59
4.180.929
a or,8.851
4."65.850
2,751.565
1,249.094
2,119,689
2,523,900
2,060,313
651,399
■
guarded
compare
J i
vehicle
General
car,
in
for
the
fornia,
the
..
./
//
$1.48
f/.
■/;,
-Earnings—
1943
<
-/••'
.
1942
rz, /(■
1941 /
..
.
$2,850,000
$2,808,000
$2,398,616
from
634,768
971,610
/ 755,131
Net
ry.
399,147
761,768
467,682
railway——;,,
.586,643
oper. income—417,754
From Jan. 1—
23.436.00019,550,000
railway——
23,711,000
Net
from, railway———
5,365,929
6,977,507'.
ry.. oper.
income—
3,439,119
4,472,399
3,181,531
20,297,264
4,902,762
Net
Gross .from
—V.
6,634,400
.
4,549,773
160, p., 831.
bv
company
250
on
Sept.
24
the center
in
feet,
announced that it had leased a site, 126
the shopping district at the Arlington
of
Development, in Arlington County, Va., just a,cross the Potomac
River from Washington, for a new store.
The new unit will be the
United
the
of
the
States.
Chevrolet
The
new
ing
to
J.
B.
new
Government,
car
signed
sole
division,
weapon
in
.:■
e
Great Atlantic & Pacific Tea Co. of
.
America—rEarnings
Comparative Consolidated Income Account for Years Ended Feb. 28/
1942
1943
1941
is
a
producer
high-speed
earnings
November,
—
.27,283.537
;
3,931.859
*
-
32,199,656
28,726,527
3,555,434
3.289.909
11,825,000
11 900,000
7,100,000
11.526,678
16,744.222
336 618
1.815.506
1.815.506
1.815.512
815,509
9,907,607
8,864.701
13,557,778
600.684
458,182
112,939
1,302.890
divs.—
divs
Surp.- adjust
1,373,147.240 1,115.774.058
11,720,000
859.410
1,370,932
1,961.977
$7.16
$7.92
3.698.349
_
taxes
profit
Preferred
1,310.754.6
27,986,170;
12,567.820
Deoreciat'on
Net
$
a471.1*77.992
Common
was
Boyle,
H84.
•Sales
Staghound.
armored
store's chain and will cost $500,000, accord¬
Vice-President in charge of real estate.—V. 160,
largest in the department
p.
(Cr)
Surplus
Earn, per com. sh.
-
$5.15
41,552
$4.65
dates.
Aberdeen
the
' 1944
$2,915,000
railway—
1944
.iieiterrilr
secret, since early in 1941, was an¬
Coyle, Vice President of General Motors
E.
Manager
tbe
called
for
specified
the
:
•
military
Sept. 19 by M.
and
At
$1.05
period in 1943 was $320,935, or
same
223.
August—
Fed. income
the
p.
Grand Trunk Western RR,
;
"
1941, Mr,
Crvle said.
It called for delivery of the first pilot model on Feb.
1,
1.942, and a second one 30 days later.
These two units, built in the
Chevrolet
engineering experimental
laboratories, were
delivered on
138,063
160,
.
(W. T.) Grant Co. (Del.)—Plans New Store—
quarter
common
closely
Contract
,/
$227,063
—r————»
profit, for, the
share.—V.
pgr
Total
the
3,699
profits of foreign subsidiaries:.—
on
Net
"A" Award—
the
237,268,
—
•
;
.receive the coveted flag, wh'ch is the
food processing, and ranks with the Army-
General
third
quarter of
armored
28.688
current
Presi-'
board
1184.
profits taxes on
DNet profit. ———liA——
responsibilities
during
excess
—,
net
the
p.
and
Eg^rted -per share
He
Md.
income
Exchange loss
:
;
,
Fed
for
earnings
■/
increase in its contract with the
. at
Syracuse,
Corp.—Stockholders Number 423,796—
402,000.
of
1*141
37,279
$496,718
•
to
*
on
459,439
A...
profit.
Prov.
second quarter of 1344 and with 414,380 for the third
1943.
.The 1944 third quarter total is
the highest in
represents
a
benefit insurance...41,461
•Depreciation
Plant Facilities-
the
were
nounced
age
..
*
*
an
Award* of the
and old
profit
credits
Income
for
/•' :
-
,
.
Months Ended Aug. 81, 1 f) 11
v
before depreciation._•
$1,790,285
Selling, advertising and admin, expenses, inch discounts on. '.v'";
sales, provision for bad debts, and taxes (but not inch
Federal income and excess profits taxes)
1,289,384
for Nine.
profits from sales,
formidable mobile weapon used effectifeeSviiin spear-heading recent
spectacular United Nations' advances in the Euronean theater of war,"
.
notes.-A
(H. W.) Gossard & Co. (& Subs.)—Earnings—
$0.69
and
post-war
field
serial bank
sale of 10-year
the
119,304
in Baltimore,
1926
processing
"A"
derived from
funds
through
and
.
$1,491,618
$671,167,
297,413
Gilmore Oil Co.f Ltd., Los Angeles,
374,750
A
From Jan. 1—
fet
1,131,011
Plaza
Corn.,
1942
:t
Chevrolet Armored Car—
P
Uross
5,867,334 - 4,651,456
12,412,919 .14,380,597
394,356
877,690
deductions
pfd.
on
Clarence
/ is
plant grounds at Battle Creek, Mich. & The plant is the
402,033
second
2.284,109
276,754
income
food
cereal
for
for
8.060.470
658.532
railway
the
total
with
City Ry:^—Earnings—
1942
in
21,796
$634,192
12,493,°Q6
■
l"4-1
$1,572
railway
oper.
4,547,011
in
important
in
the
on
There
21.197
740,468
983.
468.167 ' /
taxes^___r
Net income
Balance
$103,662
made
10
time of
the
to
Achievement
The
1°41
598,484
& Denver
Auguct—
Uross
been
Sept,
history.
1942
$478,412
.
119,304
119.304
160/ p. 430.
on
affiliate
1939
-quarter
12 151.50$
;
-V.
72, Chairman of the board of the Locke Insulator
Reagan,
suddenly
this
holders
'
Ne*"
592,192
$0.94
General Motors
Sept. 20 was
death of Robert
901.32.4
10 0^3.2'H
H.
423,752
22.021.400
™
and
/..-.w-
lor
other
&
Divs.
.highest award possible in
Navy "E".—V. 160, p. 535.
on
$2,°01.458
.22.627,413
1944—Month—1943
1944—12 M0S.VT943
$3,994,804- $48,867,707 $46,204,009
2,018,358
1,650,311
21,755,005
17,005,241
Gross income
Int.
-
*
$4,035,382
expenses
The
340,338
income—_
1943
$1,435,459
1943 " 1944$37,100" $1,666,638
•'
revenue
Provision
to provide additional plant facilities
cost of approximately $27,500,000,
made
first
,
1944
$2,088.5^9
railwav__
oper.
1944 --'7
$41,300
.
•
Gross
for the production
management and em¬
ployees of the company's Post Products Division on Sept. 25 accepted
From Jan. 1—
Gross
$758,110
Electric Co.—-To
a
of
monies
'
1943
\
465,596
General Foods Corp.—Receives
the
Bank, of
514.489
.
1294.
p.
Earnings
$577,647
has
taxes.—V.
Foreseeing
Florida East Coast Ry.—EarningsAugust—
1944
-
outstanding
allowance
died
gains
1945.
$4,000,000
160.
.►
-
—Jan. 1 to Sept. 14— '
—Week End. Sept. 14—
Gross from
three
exceed
1294.
p.
^re^ident,
elected
/, /
Chairman of Affiliate Dies—
/
maturing
to
430.
7V:7.7''7/;'H''
Z;
amortization
/: 1942
T943
8.—
respective dates, but not later than Dec. 31,
not
t^eir
at
Frank
credit agreement, with the Guaranty
the
and
p.
Electric Co.—To Retire Pref.—
Florida RR.—Earnings—
Operating
;
taxes
company
Y.,
Fiduciary Trust Co. of New York—New President—
Francis
K
'
taxes.._
bef,
but
Corporation has authorized
above
corporation has reported to the Securities and Exchange Com-*
The
160,
Period End. Aug. 31—
-salaries/- commis¬
Jesse Jones, Secretary; of Commerce; has announced that
.
■•
Trust
626.
160. -p.
employees' deposit on
wages,
v)j
,
■
Federal-Mogul Corp.—Arranges Bank Loan—
mission11,hat it has entered into
the
Vice
534;
share
per
General
y.'-'-y]-/V.
■;
a
cumulative
Gross
420,000
$1.90
/
$112,051 ; ; $165,918
shares
profits
excess
dent
died
$61.50 per share.
to
Georgia Power Co.—Earnings—
I/-'/../;' >;v;// /V:■v;/"
$112,480;
profit
February,
Executive Vice-President,
'
share
stock,
been
with
been
"7'/-."7j::
«$957,720
$1.85*;
trade,
$3,065;
p.
profits
excess
Note—No
j'
Obituary— -"/■
Richard
159,
160,
charges
and
Earnings
accounts
and sub.
(including income and excess profits),
$471,324; accrued interest on debentures ioaid Julv 1, 1944). $44,000;
accrued salerie"—officers and employees. $12,973; 10-year 2%^ sinking
ftmd debentures due July 1, 1951, $3,100,000; reserve for contingencies,
$44,985; investment certificates, $3,736,556; preferred stock, series A
487,035%. shares, no nar), $1,740,710; preferred stock, series B (25,000
shares, no par), $500,000; common stock (495,899% shams, no par),
$909,149; paid-in surplus, $2,896,006/earned surplus, $1,897,466; total,
V.
after
Common
ended June 30, 1944
$19,434,410,
per
preferred
elected a member of the board
corporation and its predecessor
President since May, 1938.
As a
he-succeeds Walter L. Rathmann of St. Louis
has
been
has
He
amounted
194*4,
Whitehead
P,
Period—
/
hand, $300,149/accounts receivable,
$871,808; inventories, $3,677,779; cash
$258,525; post-war refund of. Fed¬
withholdings, etc./$19,683; accrued Federal and State taxes
income tax
conv.
/-./'A•/'-'A;:',v.Z■.■ :.v,■>;A ■-t<<•■■■';■ Z;
recently resigned.—V.
$3
on
payable,
Quarter Ended Aug. 31—
Profit
cos.), $470,365; emoloyees' deposits for purchase of war savings bonds,
for the year
cumul.
has proposed to the SEC to redeem by lot 5.987 .shares
preferred stock (no par) at the redemption price of
share, plus accumulated unpaid dividends.
The funds to be
used
for
the
redemption represent part of the proceeds from the
proposed sale of its subsidiary. Boise Water Corp.
As of June 30.
General Water had outstanding 75,174 shares of $3 preferred, of which
4,255 shares are owned by International Utilities Corp.
The Com¬
mission gave interested parties until Oct. 3 to request a hearing.—
insurance,
bonds,
$8,142,097.—V.
Income
preferred stocks (paid July 1. 1944). $141,193; sinking fund instal¬
for retirement of debentures, due on or before June 30.
1945,
members—officers and
of
of $1,50
dividend
a
$6
year
Gamewell Co.—Earnings—-
ment
$100,000;
each
of a.
983.
p.
$52.50 per
profits tax, $137,344; other assets, $1; fixed assets, $2,761,total, $8,142,097.
.-'I'".'"''"1:'■/
war
total,
total, $19,434,410.
charges. $64,465; other assets, $5,300;
the
on
General Water, Gas &
.
U.
declared
22
1,
July
25
who
1
fund debentures-/ due Aug. 1, 1958, $1,717,000/capital stock
.(par $1), $426,787/ paid-in surplus,-$95,018; earned surplus, $4,315,148;
June 15, 1954-52, $1,000,000; instalment notes receivable
(net), $12,283,642; notes receivable (net) (contra). $3,736,556; furniture and fixtures (after reserve for depreciation of $302,865), $201,596;
deferred
at
as
years and has
member of the board
1944
$2,142,851;
Sept.
on
accumulations
directors.
for
V-1 159,016
'
$236,952),
life
also V. 160,
See
payable Nov. 15 to holders of record Nov. 1.
A like
been paid each quarter since and incl, Nov.
15, 1941.
has
Charles
■
108,000
1
/' 158,840
'
■
Realty & Utilities Corp., and
will be converted into one-half
Sheet, July 31,-1944'
deposit and
on
reserve
Value
excess
S.
2%,
bonds,
of
New Director—:
sinking
$174,654 : Z; $257,666
Z; $86,234 Dr$.l49,947
to "surplus -
Balance
stock
stock.
sions, property taxes, social security taxes, capital stock tax, etc.,
If The directors on Sept. 23 announced that the: company.- will call'for$161,617; Federal income taxes payable (est.) (including excess profits
retirement, as; of Dec. 1,„ 1944, all of its .$24^158,000 outstanding\lst
tax, less U. S. Treasury notes, tax series, of ' $100;000)/: $1,285,279/: :/ ttntge/ 4(4"; (bonds,
according to an" Associated Press dispatPh frVn
reserve
for workmen's acc'dent- compensat'oh, $25,704/ 15-year- 3%%».
Scran ton, Pa1., which added that the retirement will be effected partly
3.7,500
768,644
series B__
stock
General
capital
value,
amount
751; deferred charges, $134,740;
131,437
120,553
37,500
series A_/-.
stock,
(less
surrender
$1,218,864
421,515
Pfd,
Pfd.
Common
fiscal
the
stock,
■
$1,136,147
$786,750
of
common
new
directors
par
Arrearages
217,000
.
37,173
-
J./.;;///.' ///;/:/
Liabilities—Accounts
$675,802
profit
present preferred
stock
present
the
account
460,000
'
1,350,000
426,787
-
sharc_J_.—_J
for
Balance
Dividends—,
I
incom^
necessary,;;
*$1,679,614
' * 460,750
$1,686,609
$1,324,522
$1,114,065
500,000
-
630,000
115,000
—
stock,..
cOm. stock-
on
common
per
net
2,200,481
(net)__
/
'./
1943
'
inc. -taxes
profit
& State
The
ended-July ,31, 1942, as shown
above/ $957,720, is $150,000 in excess of-the amount thereof as shown
in the annual report for that year, i The excess represents a provision
for possible additional Federal income and excess profits taxes as of
July 31,
1942, but subsequently reversed when the passage; of the
1942 Revenue
Act
indicated that the
additional provision was un¬
/r. *
$4,595,311
———
charges
1944
•
expenses
Net/income
Income
"The
y,/.Z:';•//. •
$4,061,421
opers..
of
on
57.574
$790,064 // $861,980
dividends paid
Earnings
105,890
/"/i
Family Finance Corp.—Earnings—
Gross
taxes
income
Cash dividends paid oir pfd.
$131,423
:
105,890
——
160. p. 983...
Net
'
,
$1,800,294
65,776
431,393*
-
taxes—
Wisconsin and Minnesota—inc.
$135,380
2,442
\ \
capital
new
of
$2,967,756
206,154
taxes_i_—'
profits
■
,
of
Prov./ for
$145,588
..
—V.
income
excess
Cash
$6,438
declared
Federal
"
—
?
/
the stockholders and directors
{ General Steel Castings Corp.—$1.50 Preferred Div.—
$1,795,619
-4,675
,
.$2,172,612.
—
deductions
Income
Af¬
Corp.—Merger With
Approved—
Sept. 26,
on
of Merger
Agreement
share
share of
—V.
28,153
120
70 '
■;
each
share
$2,446,858
639,239
>12,000
$2,960,530
.
7,226
;WL: 9,925
_—
Utilities
&
Operating revenues L— */4
$183,228
\
$6,009
$6,508
.
.
; ■"'//'./■;■
Net income
Dividends
of
1942
Z;
$9,730,157
7,283,299
6,000
$2,162,686
sub-contractors.—
as
including all accumulated
dividends, will be converted into $100 principal amount of new 4%
cumulative Income debentures due Sept. ,30, 1969, and seven shares
76,000
net
accruals'
reserve
898,560
served
The company
$3,696,856
730,327
$3,061,247
expenses
accounts
malt sales—
from
Federal
income,
Non-oper.
and
217.722
Gross
r'
revenues—
oper.
doubtful
division
between this corporation and its
subsidiary. Gruco, Inc., The merger will, among other
effect a recapitalization of General Realty & Utilities Corp.,
things,
Ended July 31
1943
sales—
malt
administrative
for
Other income
81,701
108,560 4
9.C27
_——_—
*
Net
the
wholly-owned
■
.
...
,
the
special meeting held
a
Georgia &
$1,170,999
52,872
12,845
Maintenance
.
Years
outside
Realty
approved
1944—12 Mos.—1943 /
$84,871
.
——__
At
company
$19,043,369 $15,096,692
15,982,122
11,399,836
of malt-.,
sold
profit from
and
Provision
51,845
Operating revenues
.Taxes
the
Income Statement for
(shipments)
malt
Gross
•
Co.—Earnings—
1944—Month—1943
Period End. Aug. 31—
,
stockholders'
annual
August
accomplished along these lines."
sales
Cost
Selling
Operation
the
of
1944
Net
for redemption as of Nov.
Fall River Gas Works
General
;
month
President,
Towner,
'Chicago,
before
part:
the
Comparative
-
on Sept.
15 announced that all of the
sinking fund bonds due Nov. 1, 1946, have
1, next, at 100 and int. Payment
be made at the Northern Trust Co., trustee, 50 So. La Salle St.,
H.
called
in
,
;
outstanding 1st mtge. 4%
been
remarks
said
"During
corporation has recently acquired 93,972
Exmoor
his
In
tert
Z " ..'
Corp.—Expansion—
Ex-Cell-O
This
F.
63.31
share————
common
1294.
plants
1294.
p,
no
shares.—V.
p.
160,
other
160,
filiate andi Recapitalization
■'"/"/■.;Z
company.
shares of the outstand¬
ing stock,of Fuel Injection (Corp, at 40 cents a share, plus expenses,
according to an amendment filed with the Securities and Exchange
Commission on Sept. 20.
Fuel Injection Corp. has 100,000 shares out¬
standing, and it is the intention of Ex-Cello-O to acquire the remaining
per
—V.
V.
Alvin R.
meeting, Mr. Froed¬
/•ZZyZ/N
7/-:,Z
enjoyed the largest
volume of business of any month in the 78 yearsvof its■■history.;-:'This
included the' shipment of malt as well as by-products. :
;
v ;
1
"All of our malting plants during the fiscal year ended July 31 ran
at utmost capacity consistent with proper, practical malting principles,
and
from all present indications we will
again enjoy a. .complete,
round-the-clock, operation during our new fiscal year.
"Our research work is continuing in a steadfast manner, and after
the war we will have some very interesting reports pertaining to what
Earnings
five
,■/ /■•'v.' ■,
Z;;."
"/.
directors' meeting, all officers were reelected
Cord, Secretary and Treasurer, was elected
of
board
and, in addition,
$183,870
Shares outstanding
directors
During
1943
;
•
$512,368
profit after charges and taxes—
The
■;
Building the armored car, Mr, Coyle said, involved nearly
principal machines.
Parts
and
sub-assemblies
to
supply the
,
(& Subs.)—Earnings—
Eversharp, Inc.
6 Months Ended Aug.
basis.
Sept'. 20 declared a quarterly dividend of 25 cents
per share on the-common stock, which represents an increase of 5
cents a share over the rate paid quarterly on the common stock in
recent years, according to an announcement of Kurtis R. Froedtert,
Chairman of the board and President of the company.
The board also
declared, a special dividend of 15 cents a share on the common stock.
Both dividends will be payable Oct. 31 to holders of record Oct. 14.
As
the dividends just declared are the last indicated ones to-be
paid during the current calendar year/ quarterly dividends, together
with special dividends during. 1944, constitute aggregate dividend pay¬
ments amounting to $1
per- share on the common
stock, according
to Mr. Froedtert.
In 1943, the company paid four quarterly dividends
of 20 cents each and on Nov. 1, last year also disbursed a special of
20 cents, which brought the total paid in 1943 to $1 per share.
/ .
At
the annual
stockholders' meeting preceding the board of di¬
rectors'
meeting, the following directors were elected:
Gustave G.
Blatz, Kurtis R, Froedtert, James P. Hessburg, J, Victor Loewi, Henry
Nunnemacher,and Bruno Rahn, all of Milwaukee, and Mord M. Bogie
Prom Jan, 1—
Gross
and" mdunted, steadily to a volume-output
,\\ ■;,'/;//■' S' o .-i.\ :,'v? '. :
1,000
final
assembly lines came from eight Chevrolet plants in three states, and
in midsummer, "1942,
way
Malting- Co., Inc.—Dividend Rate
&
Declares Special Dividend—New Vice-
President—Annual
> Vi
Monday, October 2, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
1400
Proving
vehicle,
passed
all
Consolidated
Ground
which
was
required
and
in
snonsorad
tests,
field
maneuvers
primarily
bv
Regular production
in
Balance
Cali¬
the British
got under
Assets—Cash,
$49,752,142;' U.
Sheet,
S. Govt,
Feb.
29,
soaur't/es,
1944
$6,027,178;
other
securities, $389,497; accounts receivable, $6,837,745; merchandise, $134,-
equipment and fixtures,
eral
of subsidiaries held by public, $10,000; reserve for ced$12,022,492;
reserve for self insutance, $984,309; other
$596,974; surplus, '$103,294,725; total, $228,138,570.—7. 159,
stock
ferred
,
.
taxes,
reserves,
p.
stock,
preferred
first
$22,006,348; good will, $1; total, $228,138,570.
$38,997,770; bank loans, $10,000,000;
$25,926,200; common stock, $36,306,100; pre-,,
payable,
Liabilities—Accounts
2520.
;
'■
,-A-
AAA'va'-.
AA
:
Approved—
Greyhound Corp.—Refinancing
refining.
The
customer
for
average
12
the
and
the
for
obligations
other
crude oil, $154,003; refined prod-'
$302,715; sundry non-current advances
etc.,
(less
reserves),
$84,092;
-
$277,372;
companies,
depletion and abandonments of
charges, $59,732; total, $8,064,253,
deferred
Liabi!i(its—Accounts
$138,534;
taxes,
for
(less
state
$588,180;
in
gasoline
Federal
and
and
for
$1,634,333;
reserves
$4,303,726),
(inch Fed. income tax), $816,220;
class A common stock (200,000
$220,000;
reserve
shares,
B common stock (24,000 shares, no par),
capital surplus,! $720,887; earned surplus, $4,236,432; total,
$8,064,253.—V. 160, pi 1080.
$1,200,000;
par),
$144,000;
no
annual use of electrical energy per residential
months ending June 30, 1944 was 1,164 kwh.;
payable,
other taxes
contingencies,
investments
property
depreciation,
authorized by the ICC to issue $15,000,000
the average price was 3.74 cents per kwh.; and the average annual
of redeeming 322,607 outstanding ,
bill was.$43.49.
YA,A'--A
V "
-7.
'
shares of 5VAf cumulative preference stock.
Obligations to be issued
A A Company owns five steam power plants of 204,620 kilowatts total
consist, of 50,000 shares of new cumulative preferred i$100 par),,,to
rated, generator capacity and fivq internal combustion plants of 1,088
be .sold at not less than parT and $10,Q06,000 3'k sinking fund deben-r. <
kilowatts total
rated generator capacity." The
system included at
tuns, also not to be sold at less than.' par,;1',;'; A'-AV
June 30,
3.944,' .5,256 miles of. pole line, and 327 substations and
•«
The ICC stipulated that any excess funds from the proceeds of.
switching
stations
having a
total rated transformer capacity of
the new obligations not needed to redeem the outstanding stock must532,087 kva.
Property, plant and equipment (including intangibles)
be set aside in a special account and not used without
Commission
as
taken from the balance sheet as at June 30, 1944 amounts to
authorization.
A---"'
A"'"-"-' A'
: ,vAAA,;,'A77
'A.
$63,124,893.
■7',"/ A X"X;A A,x AAx'AA AAA v'',v" '
T
...
It is expected that the new securities Will be ready for the market
The business and operations of the company have been materially
around October 4.
Kidder, Peabody
Co., and Glore, Forgan & Co.,
affected by' activities resulting from the war.
It cannot be known
\t is understood, will head the investment banking group underwriting
whether the continuance of the war will result in further increases
the new securities.—V. 160, p. 1185.
-V- A-'
■ AAA'
in
the
company's business which is
now
at levels not heretofore
reached,, except, that the# full effect of a year's operation of new in-,
Griess-Pflegler Tanning Co.—Exchange of Securitiesdustrial plants and pipe line pumping stations recently completed,
will
further
increase operating revenues and expenses.
The effect
it is announced that Dec. 31, 1944, is the expiration date fixed by
the U. S. District Court for exchange of securities of this company
upon the business of the cessation of hostilities cannot be determined
but
it is
anticipated that it will result in material reduction of
for securities of
the new company directed to be organized in such
certain revenues.
During recent years there has been a trend toward
reorganization proceedings and known as The Griess-Pileger Tanning
Co.
'
.v•
A-'- higher costs applicable to the business of the company including
First mortgage bonds, preferred stock and common stock of the old
higher taxes, labor costs and prices of materials and supplies. There
has also been an increase in governmental regulation.
company must be surrendered prior to Dec. 31, 1944, in order to receive
securities provided for in the plan of reorganization of such company
Purpose—The new preferred is being offered in exchange for the
as approved
by the U. S. District Court.
Scrip certificates of the new
old
preferred in accordance with the exchange offer and the net
company will likewise become valueless on Dec. 31, 1944.
proceeds from the sale of any new preferred not exchanged and
Fred* W. Graff, Jr., Secretary of the new company, is located at 1251
from sale of
20,006 additional shares will be used: (1) to provide
Sand St., Waukegan, 111.—V. 148, p. 3847,
a /'/A
A- ''aAaA'AA AA
cash required for
the exchange offer or to call old preferred not
exchanged,
(2) the retirement of $1,000,000 outstanding bank loan,
Grinnell Corp.—Secondary Offering — Hallgarten &
and 13) for other corporate purposes.
x -7:7;. xA. Ax-'Av;:'x-:
Capitalization and the proposed capitalization are as follows:
Co. and Shields & Co. and associates made a secondary
corporation has been
The
new
to
advances
supplies,
receivable
notes
$494,994;
reserves),
$476,484;
ucts,
with certain other utilities and. industries. Natural
gas is purchased and distributed in Baton Ro(ige and vicinity to an
estimated population of 92,000.
Company supplies water in seven
communities with an estimated combined population of 109,000, and
manufactures and distributes ice in live communities having an esti¬
mated
combined population of 77,000.
A major economic factor in
the
territory served is the production, transportation and refining
of
oil, over
197 of the company's revenue being derived directly
from service to the oil industry for oil field and pipe line pumping and
of power
exchange
(less
receivable
Interconnections are maintained for the
Texas.
Jasper,
and
Alvin
at
$3,963,383; land and buildings, $4,671,260;
charges,
deferred
491,016;
1401
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4321
160
Volume
class
,
purpose
Gulf Mobile & Ohio RR.—Earnings-
,
August—
;
Net
Net
ry,
from
Net
ry.
..
•
-A.
400,772
547,800
388,840
20,532,954
15, 238,208
8,227,485
25,567,157
9,943,577
3,162,079
railway-
from
Net
401,442
3,350,323
3,266,435
1—
From Jan.
,
railway
income.
p.
1295,
oper.
160,
1944
Years End. June 30—
profit
7,645,130
5, 083,031
2, 464,014
■
-Earnings-
(& Subs.)
Ilarris-Seybold-Potter Co.
Oper.
$3,167,9.73 >$2 144,032
792,337
1,252.750
'
25,193,661
income.
oper.
$3,179,049
1,234,153
947,21?
1241
1942.
1943
1944
$3,250,042,
railway—.
from
Gross
t
.
railway A:
from
Gross
1941
1942
1943
de¬
after
ducting cost of goods
admin,
sell.,
sold,
and
$1,011,857
$1,301,098
48,315
75,341
69,627
69,278
$950,838
$1,087,198
$1,370,725
139,039
$378,214
45,459
48,015
51,233
earned
disc,
&
other income—
and
Profit
-
-
Deprec. on pit. & equip.,Int. on funded debt—
254.365
contingencies
50,000
Prov,
for
Misc.
charges
for
Prov.
Excess
Tax
43,214
74,874
248,164
150,000-
139,328
223,660
t505,000
400,000
$229,601
$306,669
$416,939
130,675
taxes—"
provision pre¬
over
37,071
1-225,000
130,275
$1.64
taxes,-'
income
101,259
106,000
~90~742
36,362
-—-—A
profits
.
$808,936
$902,523
general expenses
Interest
.
27 of 30,000 shares of common stock
distribution Sept.
Authorized
(no par) at $16.50 per share with a commission to mem¬
of the NASD of 70 cents a share.
The issue was
•
,
Co.—Preferred Stock Offered—A
Gulf States Utilities
ject to the exchange rights of present preferred
holders under an offer that will expire on Oct. 4.
Other
,
Blyth & Co., Inc.;
Kidder, Peabody & Co.; Smith, Barney & Co.; Union Se¬
curities Corp.; Hornblower & Weeks, Merrill Lynch,
Pierce, Fenner & Beane; Paine, Webber, Jackson & Cur¬
tis; Spencer Trask & Co., Bosworth, Chanute, Loughridge
& Co.; Dewar, Robertson & Pancoast; Rauscher, Pierce
& Co., Inc., and George V. Rotan Co.
*
;Corp.; Harriman Ripley & Co., Inc.;
Bids—The
of
Acceptance
directors
of
the
on
company
Sept. 22
the bid of a syndicate headed by Stone & Webster and
Blodget, Inc. for services to be rendered in obtaining acceptances
of
an
exchange offer to its present preferred stockholder? and for
the
purchase from the company of such of the 120,000 shares of
$4.40 dividend preefrred stock as will not be required for exchange
Net
exchange
such
to
offer,
subject
to
the SEC registration
effective.
The cost of money to the company
winning bid is 4.22067*
and the initial offering
statement
becoming
contained
in
headed
the
contained
a
also received a bid from a syndicate
C. Langley & Co. which
Forgan & Co. and W.
of money of 4.3564 7,.
Glore,
by
Company
106.
be
will
price
cost
Balance
preferred plus $4 in cash; and .-v,':";-':
(b) for each share of $5.50 dividend preferred
new
in cash;
plus in each an amount equal
preferred to the exchange date.
plus
preferred
new
••'x-AA';
stock, one share of
•
:
$2
to
accrued dividends
,1;
on the
7
In
order
to make
the exchange, holders of old preferred must
deposit certificates for their shares accompanied by a properly exe¬
cuted
letter of
transmittal and acceptance on or before 3 p.m.,
Central War
Time,
on
Oct. 4, 1944 at any one of the following
addresses:
Gulf States Utilities Co., 362 Liberty Avenue, Beaumont,
Tex., or 340 Florida St., Baton Rouge 2, La.; Gulf States Utilities Co.,
c/o Stone & Webster Service Corp., 49 Federal St., Boston 7. Mass.;
or
Gulf States Utilities Co,, c/o Engineers Public Service Co., Inc.,
York 4, N. Y.
Company will call for redemption any shares
exchanged pursuant to the exchange offer.
New
St.,
Broad
90
of old preferred not
Preferred Stock—Transfer agent,.1 Stone &
Service Corp., Boston, Mass.
Registrar, State Street Trust Co.,
Mass. Dividends of $4.40 per share
per annum cumulative,
March 15, June 15, Sept. 15 and Dec. 15,
payable Dec. 15, 1944 will cover only the
exchange date to Dec. 15, 1944, on a pro rata basis.
quarterly
dividend
initial
the
in
Liquidation Rights—In
voluntary
liquidation,
Webster
Boston,
payable
except that
period from
involuntary liquidation, $100 per share; and
$100 per share plus a fixed liquidation
per share on
$8 per share
in all cases,
premium of $11 per share prior to Oct. 1, 194,9; $9.50
Oct.
1, 1949 and thereafter prior to Oct. 1, 1954; and
on
Oct. 1, .1954 and thereafter; plus accrued dividends
to
the
liquidation date.
/
stock.
new
In
board
of
required
and
of nonpayment
a class has
directors.
The vote
for
certain
as
the
authorization
other
matters.
share pari passu with the common
of one year's preferred dividends, the
the right to elect a majority of the
of the new preferred as a class1 is
or issuance rof certain additional stock
Company—Incorporated in Texas in 1925,
Company generates and
distributes and sells electric energy at retail and at
wholesale in an area in Southeastern Texas and South Central Louis¬
iana
comprising approximately 27,500 square miles.
In this area
the
company sells electric energy at retail in 258 communities and
surrounding territories
with an estimated aggregate population of
549,000, including the cities of Beaumont, Port Arthuw and Orange,
Texas and Baton
Rouge and Lake Charles, La.
Company also sup¬
steam to
two large
electric system is
industrial customers.
All of the company's
interconnected with the exception of small properties
earned
take any
On Sept. 16, 1944,, the, company
effecting exchanges of shares of new
preferred has been made.
new
for services
proposals
in
Sheet, June
Balance
1943.
1943
30,
A
1
for old preferred and for the purchase of such of 120,000
shares of new preferred as aye not required for such exchange.
The
underwriters named submitted the proposal which provided the "lowest
cost of money" to the company for the new preferred.
Company ac¬
cepted such proposal and thereupon an exchange and purchase agree¬
with respect to the new preferred, was entered into between the
$696,713;
Assets—Cash,
acceptances, notes and
$31,771;
payable to banks, $2,000,000;
accounts payable,
State, local,
and sundry taxes, $56,486; accrued
stock tax, $12,500; accrued interest on debentures,
accrued interest on notes payable to banks, $4,932; Federal
income—estimated
(less 'U. S. Treasury notes,-tax series,
Liabilities—Notes
accrued
$564,257;
capital
$10,600;
taxes
on
purchased and held for payment of taxes $232,803), $167,197; 15-year!
5%
conv.
sinking fund debs.,
$848,000; reserve for contingencies,
$330,000;
$5
convertible prior preference cum*lative stock
(18,676
$1,867,600; common stock (par $1), $130,675; capital
earned surplus, $1,460,746; total, $7,462,221.-^-V. 158,
shares, no par),
$9,229;
surplus,
1278.'.'/• A/, A
p.
"-"A-A.
•"
■■
A-v
"s-
■,
(The) Ilartman Tobacco Co.—Earnings1943
1944
Years Ended June 30—
$375,521
profit —AAv-AA—'AAA-—
$588,665
A~~A~—166,968"'
operating
..Expenses.
Gross
164,126
$211,395
A-AAiAAAA—
income.|less deductions):
$421,696
10,370
10,827
taxes.
$432,066
$222,221
Operating profit
preferred
Other
Federal
before
Income
Provision
264,651
81,744
$167,415
$140,477
127,845
71.025
taxes,
income
Federal
for
income
ment
././v'r- AAA -A A At'A- AA-A.' >' />.A
underwriters.
.company and
underwriters, and
of the
names
stock which each has agreed to
percentage of new preferred
the
The First Boston
Harriman
>■'
Merrill
Ripley
Lynch,
&
Fenner
Paine.
& Co., !
Webber,
Rauscher,
5.4166
Pierce
&
Co.,
1.2500
1.6667
-
&
"AA._AAA-A 1.2500
Pancoast
Hornblower & Weeks____
Earnings
for
A/
'
Operating
Operation
&
Trask
&
Union
5.4166
Month
and
IS
Maintenance
___
A———
Depreciation
Securities
Ended
Months
5.4166
Co.—
10.4167
July 31
.
.
5,715,343
668,827
taxes.
profits
excess
Federal
Other
16,151
193,810
unconverted,
remaining
329,714
3,483,646
A 2.843,984
107,647
1,210,266
!
$365,243
$275,973
$3,722,279
$3,194,024
Dr 1,487
16,952
16,775
A $363,756
$292,926
$3,739,053
Surplus,
p.
employees' war
$23,333;
$800;
deficit,
earned
$725,043;
101,300
1,208,825
1,226,923
$191,626
$2,530,229
584,968
—
amortization.
and
.
1,144,844
The
on
company
the
$1
—V.
requirements-...
dividend
160,
Aa'. A.
Hancock
Co.
Oil
operating
State
and
Remainder '
Cost
of
sales
and
1,469,755
taxes—
gasoline
Distribution—
AA„:
1,577,028
$6,950,689
4,956,138
684,128
4,532,619
678,769
' 229,941
206,959
services——A
and admin. exps._
inc. taxi-
(other than Fed.
Operating income
$8,219,718
1,208,210
—A.
,
$2,852,143
4,496,147
745,359
$1,532,343
243,591
$1,157,593
Depletion
inc.
of
Divs.
$610,696
$865,011
220,000
$26,407,313
3,267,656
273,059
3,738.808
267,569
4,157,356
269,232
on
Earns,
A
443,718
—___A—
$2,475,052
$1,403,063
tax &
misc. inc. deduct.-
773,033
279,612
80,706
—I—A-—$1,702,019
CI. A & CI. B com. stock857,250
$1,123,451
634,149
$784,304
per
common
sh.
stock
on
CI:
A
&
CI.
$5,369,303
$5,806,929
$4,711,135
————--A—
operating profit
—_
on sale of Haiku properties,
income
Total
637.497
$6,315,530
88,367
$5,348,632
70,707
income
Federal excess
1,629,077
1,248,927
144.626
1,589.208
1,607,862
1,330.911
881,068
Territorial
192,921
209,780
237,518
$2,730,591 ,.$2,675,687
—A
2,003,184
2,003.184
share—.
$2.04
$2.00
$2,692,219
2,670,912
$2.02
on
materials
.,A—
tax_
A
profits tax—.
income
560,000
;,_A—
tax,—
$7,60
$5.01
$3.50
June
30,
1944
y
paid
Earnings per common
*After
deducting
credit of $178,651.
post-war
Assets—S&cish. $2,500,903; U. S. Govt, securities (at cost)
interest,
$1,858,509;
corporate
.
of May 31
'Asset3'*r*•
"
2944
Cash on hand, and in banks
—J
—$5,475,458
United
States obligations—
————A4,602,953
*Accounts and other receivables
—
.•■
1,425,775
Notes receivable (secured by mortgage)—,—
281,209
Inventories
A.
4.5R1.2Q3
A'.
Comparative
Balance Sheet
Growing
"'•oris
stocks,
$221,114;
and
394^
$2,288,109
6,033,653
3,687,305
-
l,2on 0^0
4,758.247
2,125,000
1.200.009
1,285,304
1,131,284
2,215,000
!—
(current)
-
—^A
Deferred charges
.
as
-——•—-
Construction investment fund
Plant
136,110
profit for period——
—
—
—-
501.003
351.002
A———
:
9,648,161
9.803,567
Investments
i
76,933
—
abandonments.
Note—The company had no' liability for Federal excess-profits taxes.
Sheet,
!
'
1
including
Balance
$5,986,411:
—107,959
charges
for decline
Federal
Net
508,602
supplies'— AAA
and
*
—
419,209
——A'
Provision
17.269,591
.197,898
—
income
Income
254,314
B
——
_—
Net
bonus
Other
Dividends
$1,011,550
391,513
Report—
,
Profit
217,394
income
Net
307,251
income
Gross
Fed.
22.252
60,714
$2,031,333
income -'.A-A—
Other
339,253
*120,826
116,087
income——A——
operating
Net
345,079
*139,642
„—
development costs—-—
contingencies——A
for
Prov.
__————
——————————
Intangible
share
This
Sept. 30,
$31,093,289 $28,309,836
sales—22,183,269
18,496,531
sales
Net
$6,642,690
,
on
10
1944
1943 "
1942
-„A—A—AA—$31,861,116 $28,925,167 $27,221,940
767,82.7
615,331
814,627
sales
Employees'
$8,158,899
-
$8,722,351
A—^A—AA—
general,
Selling,
Taxes
159,
A 'A;- AAA.?;
30 paid a dividend of llVz cents per
stock, to holders of record Sept. 23.
Hawaiian Pineapple Co., Ltd.—Annual
1<>42
1943
1944
income—.——_A $10,192,107
Federal
/A
Years Ended May 31—
Gross
Cost,
of California—Annual Report-
Years Ended June 30—
Gross
$2,223,465.—V,
A;'
cents paid on April 15, lust, 15 cents
and 5 cents on April 15, 1943,—V. 160, p. 118.
1943,
584,968
;-A;,v:AAA'A:AAAAAAA--'
1295.
p.
—
Sept.
on
common
par
with
compares
Allowances
$263,921
Balance
Preferred
prior
$1,955,251
revenues.A
Balance
$471;
bond account,
$4 cumulative
total,
$97,823;
/A/A A, A'AA'a' A
841.;
$3,182,175
99,835
taxes—
^Other income (net)—A
Int.
taxes
(14,185 shares, 110 par), $709,250; $3 non-cumulativo
preference stock (14,300 shares authorized; 14,185 shares issued, no
par), $283,700;
6V2%>
cumulative first preferred stock ($100 par),
$2,000;
common
stock (213,830 shares, no par), $213,830; capital
Drll,849
16,151
—
taxes
Net oper.
fixed
credits, $153,421;
and customers'
contingencies,
and
taxes
for
reserve
113,058
342,597
113,716
income
and accounts
charges, $13,618;
notes
payable and accrued (less U. S. Treasury savings notes, series C, of
$80,341), $207,393; salaries and wages accrued, $2,046; reserve for
distribution and dividend on 20 shares of 6V2 % first preferred stock
Harvard Brewing Co.—Larger
adjustments
1944
30,
deferred
$14,333;
1,520,377
-
121,815 '
v
4,477,746
909,399
1,493,475
63,753
June
$172,228;
$1,176,097;
preference stock
1944—12 Mos.—1943
455,796
126,483
-
10.4167
Co.—
Corp—
$1,370,849 $16,728,217 $13,962,858
$1,558,974
523,300
juAA:A
71,486
revenues
Rotan
1944—Month—1943
;
,
V.
Barney
Spencer
1.2500
Co
George
Smith,
ridge & Co
Dewar, Robertson
of
Liabilities—Accounts payable
Bosworth, Chanute, Lough¬
Sheet,
banks,
in
inventories.
assets (less
for?depreciation of $867,702), $794,677; total, $2,223,465.
reserves
5.4166
—
and
hand
on
$52,512;
refund
post-war
Jackson
Balance
Condensed
Assets—Cash
receivable.
Beane—^
Curtis
&
Li._w_.A^._^An.^:. 10.4167
Blyth & Co., Inc.__J
-10.4167
Inc.
Pierce,
and expenses amounted
cost of sales
charged to
$52,880.
to
10.4167
Peabody & Co
Kidder,
10.4167
Corp.,.
paid
dividends
Cash
New Pfd.
Name—
A'.; A
and
Die.AAiiAA1 10.4167
Blodget,
„A—
income
Note—Depreciation
% of
New Pfd.
Name—
Stone & Webster
Net
take follow:
% of
/
purchases,
plies
the
invited
vote per
,case
preferred
of
/
$2,232,700
5.2
stock and surplus
common
dividends—times
Depreciation
Redemption—Redeemable at option of the company on 30 days'
at any time or from time to time in whole or in part at
$100 per share, plus a premium identical with the fixed liquidation
premium set forth above;,
Rights—One
528,000
—
-
notice
•Voting
requirements—
Consolidated
130,275
$2.37
1944 and $55,000 in
refund of $25,000 in
Selling,, general and admin, exps.—
Dividend
$4.40
934,379
$2,760,700'
—
Exchange and Purchase Agreement—No firm commitment to
sition
old
:
Balance for
Preferred
$3,695,079
A„
—
Preferred dividend
35,214
,
—
amortization—
and
$1.04
share
per
f After post-war
130.275
$2.48'
Federal
901.666
$3,659,865
,
A
Balance
The
Exchange Offer—The refinancing plan of the
-company will provide as follows:
„
I' ¬
ll) 120,000 shares of a new series of preferred stock designated
$4.40
dividend
preferred stock (new preferred) will be issued as
follows; <a) 99,994 shares will be offered to the holders of the old
.-preferred; (bi any balance of the 99,994 shares of the new preferred
not
issued pursuant
to the exchange offer together wita 20,0uti
additional shares of new preferred will be sold for cash;,, '-'A x-'A/.'-.A:
(2i
Any shares of old preferred not exchanged pursuant
to the
exchange offer will be called for redemption at $110 per share for the
$6 dividend preferred stock and $108 per share for the $5.50 dividend
preferred stock, plus accrued dividends to the ^redemption date in
each
case;
A-A.x..-'; AxA A A':x
\
xA'A '•
:-;U
(3) The
unpaid balance of the bank loan will be paid at face
amount plus accrued interest to the date of such payment.
The company offers
to holders of its outstanding $6 and $5.50
dividend preferred stock (old preferred), the opportunity to exchange
'such shares for shares of $4.40 dividend preferred stock- (new pre¬
ferred (on the following bases:
A't .;Vx
(a) for
each share of $6 dividend preferred stock, one share of
Refinancing Plan and
—*—
*—
operating revenues.
income (net)——
Interest
accepted
pursuant
-taxesAAAAAAAwAA-AAAA-AAAi
taxes
Other
—
193,810
3,443,907
1,204,198
acquisition adjustments
of plant
income
Federal
was
Earnings
$402,683
stock
common
$1)
par
1,488,807
•_A-<AwA-'-1-AAAA.r~~~.A.A.—AA:—--A-AA
Amortization
Cr37,706
Dominion of Canada Victory Loan bonds,
accounts receivable, $1,507,410; inven¬
tories, $3,215,636; other assets, $109,123; property, plant and equip¬
ment, $1,840,219; deferred charges, $61,349; total, $7,462,221,
5,647,839'
'A;
Maintenance
Depreciation
The
priced at $106 a share plus dividend. Other
members of the offering group are: The First Boston
AA A.X—AA—AAA A-A A-A AI-1 $16,540,092
..Operation A^A——... -
stock¬
I
Statement for 12 Months Ended June 30, 1944
Income
Forma
Operating revenues
—-——A
year
profitA—
Shares
series D, 3 72 7, due
Pro
of underwriters headed by Stone & Webster and
Blodget, Inc., on Sept. 26 offered a portion of 120,000
shares of $4.40 dividend preferred stock (par $100) sub¬
group
stock
mtge. & ref. bonds,
Ties)
oversubscribed.
Net
Outstanding
(issuable in se- /Ax-A
.7 A-xAAAAA5-1-69
$27,300,000
$27,300,000
$4.40 div. pfd, stk., eumul. ($100 par)120,000 shs.
120,000 shs.
Common stock
(na par)
—
300,000 shs,
280,000 shs,
1st
bers
ceding
,1
Capitalization Giving Effect to Present Financing
(net)
property
and accrued
accounts
and
notes
Total
,A|;r"
'
AA.
-
$31,216,158 $31,378,163
$1,380,633
Accrued
liabilities
Accrued
and excess profits taxes
stock tax—
—-——
employees'. bonus—————'———
Accrued
Due
subsidiary
668,656
3,290,945
273,059
3,666,751
———
income
capital
$2,097,382
782,974
payable
619,086
Paid-in
5,579,982
9,273,555
8,525,861
surplus
Total,'
directors
Sept.
on
.
■•■.-'
_
of
gage
notes
receivable
5%
debentures
$628,800
share
for
warehouse,
(Mass.)
Somerville
sale
Inc.
of int.
inc. bonds
income
Net
bonds
hands
of
>
160.
RR.—Earnings of System-
Illinois Central
$
$
$
$
revenues..
22,728,241
21.131,127
172,155,893
expenses-
14,663,393
5,422,051
13,731,413 110,434,615
4,045,060
37,821,803
165,021,542
107.431,543
26,736,463
income-
2,288,606
oper.
ry.
Other
Co.--Earnings—
deductions
—
$6,360,979
85,960
20,503
119,422
19,550
—
$7,817,773
6,932,970
377,756
Cr687
5,557,273
405,638
1,376
$507,735
$535,664
30,455
27,40fi
———:
income-———.—
department
avail,
Inc.
—
of goods
income
Other
Deductions
—--—
$538,190
51,849
132,600
income—.—
from
and surtaxes--,——-—
income
excess
ppfits taxes——_——
—
$563,070
46,856
120,000
131,400
—
normal
♦Federal
i
—■
——
Income
Total
Federal
——-—————
Net
641,335
Profit
40,973
'
♦Net income,
♦After
177,300
160,
12,989,316
1,632,418
income
Federal
for
and
the
Net
from
ry.
Accounts
(of
Company
Only)
1944
1943
$1,826,613
1,045,150
$1,943,972
.
taxes.——-
878,565
$781,463
exchange
foreign
(net)———.—
$1,065,407
..
Dr4,063
11,460
—————————————$777,400
income
$1,076,867
17,378,430
the
railway
-
of
1943
1942
1941
$845,938
$690,704
495,812
income—
419,587
413,057
2,250,501
$1,443,432
$1,173,634
126,677
244,417
———_
consolidated
of
income
telephone
includes
accounts
parent company, of subsidiaries
of
subsidiaries.
not
engaged
only
primarily
and
of
consolidated
of
the
of
International
its
subsidiaries
Radio
&
(located
group,
Corp.
in
or
other
or
statement
The
the
equity
Mexico,
213,694
reflect
Spanish .subsidiaries,
Cable
334,743
127,230
railway
statement
operation
the
and
$878,191
$1,038,306
——2,220.832
——————
radiotelephone properties in the
Western Hemisphere, of Federal Telephone and Radio Corp. (the manu¬
facturing subsidiary in the United States) and of certain miscellaneous
profits; taxes.-
excess
charges
loss
domestic
1944
oper,
and
accounts of the
in
RR. Co.- -Earnings-
August-
Net
Income
—
expenses
Note—The
9,634,673
1080.
from
$4,310,457 ,v. $2,220,584
of
earnings
does
Gross
1,749,223
—
27,013,103
8,619,653
1,170,140
1.322,993
Illinois Terminal
%
$6,215,885
2,246,078
on
Net
,.
providing
p.
201,535
$8,362,215
1,830,926
Interest
21,608,969
2,802,558
2,382,594
—
and
$6,014,350
32,672
•
39,103
leased
other fixed
1,059,601
V.
Operating profit
26,410,871
850,136
2,232
for
rent
RRs.
Total
Cost
20,799.806
80,289
fixed
for
charges
Int.,
exchange.(net),—,.,.
foreign
%
$6,499,951
sold, incl. cost of serv. renderedSelling, general and administrative expenses—
Bad debts, less recoveries
——-—_
;
returns, etc.-—-—
less discounts,
materials
$8,329,543
charges of parent company——2,220,832
General
Net
$7,711,310
raw
2,724,501
1943
1944
,
.,
700,000
earnings
4,442,665
3,706
3,605,130
'
.
—
6 Months Ended June 30—
•
3,099,669
'
;
/■■.
1,206,113
; .m ;V
;
Statement
630,153
97,694
income
Miscell.
con-
income
Gross
354,191
'
230,325
1,420,298
■ >
v
:
3,737,253
renegot. of war material
—
on
Net
&
rents
..
accruals-
tax
joint facility
(net Dr)
i.
Equip.
'
257,000
,
oper.
Railway
2 306,193
ex-
segregated
Interest
1944—8 Mos.—1943
1944—Month—1943
Period End. Aug. 31—
/
5,679,902
•,
earnings
Charges of subsidiaries———
oper.
.
for
1943
'
2,485,982
■
required
prov.
Net
Ry.
were
(no
earnings
Profit
$119,562
$306,119,
1295.
p.
■
$19,042,018.'
6,557,519
repairs—
tax
for possible
Net
$11,781
$38,474
of the
would be
1944
.
expenses.^____
taxes)—
tracts
L
1
880.233
813,800
104,429
94.958
—
Deficit
assets
Prov.
Ry.
other properties.
'
created in 1936 in the original amount of
in exchange for first preferred stock on the basis of one
each $100 of debentures.—V. 160, p. 728.
:* ,
sales,
of
-
.
general
(inpl. taxes to foreign governments, etc.)
for deprec. and for amort, of: intangible
Prov.
$760,671
$507,681
$92,649
and
inc.
profits
Other
the recent
Years End. June 30—
Gross
1,109,949
public
—
'
President
as
companies,
$23,487,595
selling' and
Fed.
S.
cess
the
in
the
5%
at
Net
Research
U.
income
outst.
resignation
earnings
Maintenance
$1,870,620
1,079,961
137,495
$56,484
—
adjust,
on
$1,587,642
$230,143
134,412
his
of
added.'
he
1296.
6 Months Ended June 30—
Gross
excl.
adjust,
on
date
all other offices In subsidiary
160, p.
Operating,
plus proceeds from mort¬
on
Ililton-Davis Chemical
.Sales
8,908
$190,897
income
chgs.
—V.
has called for redemption on Dec. 1, at
remaining $283,100 of its 5% debentures, due Dec. 1, 1946.
These debentures are being retired from the proceeds of
company
The
$1,794,599
76,022
Co.—To Call Debentures—
•
103?4, the
Hey wood-Wakefield
the
$1,513,582
74,060
-
8,650
effective
advanced
—Earnings—
■
redemption $1,000,000 .of its 5%
interest.—V. 158, p. 984.
debentures at 105 and
The
$221,235
declared an Initial dividend of 25 cents
stock, payable Nov. 1 to holders of record
corporation has also called for
The
$182,247
22
the common
share on
4,404,875
Int.
'■■
the
and from
24'%,"
stocks
65
International Telephone and Telegraph Corp. (& Subs.)
$6,199,474
4,592,602
America—Initial Dividend—Redemp¬
Ilaytian Corp. of
tion—"
The
£6,106,184
547,479
expenses
Gross
accounts J>f $50,000 for both years,
value.—V. 160, p. 626.
tRepresented by 1,335,456 shares of no pin
per
$768,714
593,248
revenue-^
oper.
Oper.
doubtful
for
reserve
$775,495
& taxes
Gross
$31,216,158 $31,378,168
——— —
♦Less
said
.
.
for
averages
1944—8 Mos.—1943
1944—Month—1943
5,579,983
—ll—,_y—
surplus
Earned
Jones'
Oct.' 1.—V.
Operating income —
Non-operating
income-
10,015,920
15, 1944, which, reflected in percentage,!
appreciation of 122%.
During the same- period
market; value
Dow
He
Manhattan RR.—Earnings-
Period End. Aug. 31—
501,535
10,015,920
159, p. 2520.
director.—V.
a
the
the bid prices at Sept.
on
shows,
Centra^ RR.:,v has.(-been L
company,
54,512
—————————
of the New York'
McKee, Vice President
L.
Hudson &
267,569
———i—.
stock
J.
elected
and
Reserves
tCommon
<
based
Houdaille-Hershey Corp.—New Director—
I
Liabilities—
Accounts
Monday, October 2, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
1402
the
manufacturing
Axis-controlled
in
mainly
of
earnings
parent
of
Europe),
accounts
earnings
the
Electric
the
Corp.
>'
American
telephone operating subsidiary in
losses of the Shanghai Telephone Co.
operating
or
in
Standard
the
or
countries.—V.
income
company
160,
located
subsidiaries
Axis
in
or
432.
p.
From Jan. 1—
income
Net
■
.:
1944,
the
for
ended
year
30,
June
depreciation is included above
$144,959.84 in 1944 and .$150,834.89 in 1943.
for
Balance
the amount
ceivable, $12,016; accounts
Operating
Distribution—
1944
1943
1942
$65,759
$73,215
$53,359
Charge
each.—V.
160,
432.
p.
32,767
34,710
40,093
$31,048
$40,443
Net
16,015
13,979
8.437
9,533
$45,027
$48,885
66,194
25,880
29,613
etc.
Gross
1942
$3,418,950
$3,192,617
$3,070,982
$2,945,643
—
1.112,870
*1,130,382
979,253
921,363
taxes
1,175,762
980,072
1944
31—
revenues
—
,
—
Deprec. and deplet., etc.
$27,382.
27,071
3,000
tax
income
:,
:
v
299,595
700,507
:
516,863.
47,068
— ....
579,242
excess
565.088
$1,206,638
$1,376,917
tax
earnings from operations.......w————
income
41,684'
—
depreciation
or
Net
local
and
Federal
$1,130,309
Interest
19,686
$545,426
$557,602
charges
deductions
for divs._
avail,
Bal.,
:
—V.
160.
832.
p.
30.480
Earnings
Corp.—Officials Promoted—
directors
The
•
higher positions,
Indianapolis, Ind.
/
,
.
'
.
Net
1944—12 Mos.—1943
$399,823
195,557
$4,986,375
$4,756,282
2,463,010
29,650
35,650
343,400
2,190,540
402,525
47,242
45,951
569,906
534.681
retirements..
40,000
40,000
480,000
480,000
earnings..
$88,727
$82,665 : $1,130,059
$1,148,535
oper.
Other
(Del.)—Earnings—
$407,477
maint....
inc.
taxes
'
3,432
3,212
41,739
38,733
$92,159
$85,877
$1,171,798
$1,187,260
income
:
promotions included: R. L. Dillon, Elkhart, Assistant Secretary
and
Assistant
Treasurer
from Assistant Secretary
and Controller;
John
H.
Sennott,
Detroit,
Controller, from Controller of Detrola
Radio Division, and R. P. Schmelzer; Detroit. Assistant Treasurer.
The
corporation recently moved its executive offices from Elkhart
to
its
Radio
and
Electronics plant at
1501 Beard St., Detroit.—
$0.93%:
$0.82
201,859
&
Fed.
for
334,903
$382,876 '
i .-'"v
1944—Month—1943
earnings.—
taxes
Prov.
Treasurer,
comes
&
Other
who had been Assistant Treasurer, has been
succeeding John Hancock, Elkhart, Ind., who be¬
General Manager of the company's machinery plants in Elkhart
elected
and
to
Detroit,
Nixon,
J.
R.
advanced several executives
announced recently.
have
exp.
State
Russell Feldmann
C.
oper.
Oper.
:,
334,903
,
Period End. Aug. 31—
$717,778
$338,741
'
832. '
p.
Gross
Pres.
preferred stocks—
on
Iowa Southern Utilities Co.
Z
,y:
$673,644
share.—1——
per
689,618.
634,677
...
——...
—V. ' 160,
$1,407,396/:.
$1,308,321
—
Balance
$718,404
$559,481
r
;
accrued
Dividends
729,346
'$1,294,934
504,875 1
504.875
72,329
71,655
504,875
80,008
955,043
income
Net
$1,136,685
$1,082,163
504,875
income
/
income
deductions
Income
Oper. maint. and retire.
%,■
income
profits
709,094
taxes—701,158
Federal Income -.j!';
additional
of
/
315,698
.
—
profits
excess
taxes
Gross
1941
1943
12 Mcs. End. Aug.
$17,848
$54,803
int.,
and
tax
\-
•
lieu
2,652,216
Indianapolis Water Co.—Earnings-
International Detrola
$38,788
profit
income,
in
'General
...
and
$6,111,186
2,765.813
—
1943
$6,384,712
—
depreciation
income
V
1944
—
—
.....
for
Federal
35,511
Taxes, exps., insur., etc.
Operating
Provision
,
follows:.
1941
$78,882
-
revenues
Maintenance
>
s.-,,
declared a dividend of 25 cents per.share
21
capital) stock,
against
cents
Sept.
on
payable Nov. 20 to holders of record Oct. 31.
payments were made on May 20 and Aug. 21, this year, as
40 cents on Feb. 15, 1944.
Disbursements , in 1943 were as
Feb. 26, 25 jcents; and May 15, Aug. 16 and, Nov. 15, 40
the
on
Similar
payable,
June30—
revenues
Federal
12 Months Ended Aug. 31—
Oil Co.—Earnings-
Holly
Years Ended
Total
Iowa Public Service Co.—Earnings—
1,096,176
4,561,697
984.
p.
directors
Other
Other
1,812,894
1,435,387
Other
banks, $225,000; accounts payable, trade,
$185,124;
accrued
Items,
$56,769;
provision for Federal taxes on
income, current and prior years, $286,790; portion of mortgage pay¬
able, due within one year, $42,500; portion of bank term-loans payable,
due within one year, $50,000; customers' deposits on returnable drums,
$26,169; term-loans payable, banks, $75,000; first mortgage on land,
buildings and
equipment, 4%, $722,500; preferred stock 1 ($5 pari,
$1,031,875; common stock ($1 par), $147,771; capital surplus, $922,898;
earned surplus, $566,268; total, $4,338,665.—V. 157, p. .899*
Liabilities—Notes
Total
2,411,741
955,276
$4,338,665.
total,
$59,930;
5,657,179
2,838,810
Illinois Zinc Co.—25-Cent
The
and
hand
on
160,
6,409,108
922,285
income—
oper
.Operation *•——
V
demand deposits, $257,653; notes re¬
receivable, $776,556; inventories, $1,374,818:
cash surrender value of life insurance on officers (aggregating $275,OOO), $21,747; investments; $3,125; land,
buildings, and equipment,
at
cost
(net),
$1,832,821; prepaid expenses and deferred charges,
Assets—Cash
—V.
7,733,591
railway
from
j-y,
1914
8(1,
June
Sheet,
in
Net
3,510,118
railway-—
from
Gross
Net
credit
$19,700.
1943,
Note—Provision
of
$218,914
$222,341
—-——
,
retirement
debt
♦Less
$14,600;
Other
Net
311
$19,272
$16,141
s$ll,390
income
/Loss.
Note—The
of the
portion
1941
.
(loss),
income
net
ended June 30:
does
statement
above
include
not
the
company's
pro¬
of Socal Oil & Refining Co. for the years
1942 (loss), $7,621; 1942 (loss), $13,957;
1944, $37,144;
30, 1944
Balance Sheet, June
Commodity
$71,049;
charges,
$7,847;
total,
V
$381,247.
••'%'■,■";
payable, $5,986; 'accrued taxes, $796; capital
stock (par $lt, $182,000; surplus from reduction in par value of capi¬
tal stock in 1936, less deficit to June 30, 1942, $187,713; earned sur¬
Liabilities—Accounts
total,
$4,751;
plus,
$381,247.—V. .158,
p.
1638.
revs.—electric
$1,826,620
—.
605,401
'
—A—'
158.873
Maintenance
deprec.,
Amort.,
&
replac,
Prov.
&
deferred
pairs
result
$1,670,157 $19,805,976 $18,655,085
592,690
7,046,102
6.608,840
216.105
1,633,957 '1,392,739
1,300,000
108,333
108,333
1,300,000
re¬
as
ry.
Net
160,
p,
for
All
taxes
other
Net
6,238,732
income—
984.
2,317,894
2,828,289
District
Net
debentures
300,725
4,169,639
Dividends
160,
110,591
1,272,287
1,298.547
$374,967
$341,713
$4,133,741
$4,383,799
1,780
275
13,749
5.058
$376,747
$341,988
$4,147,490
$4,388,857
94,035
94,751
.1,193,668
1,159,687
-
applicable
627.
to
$247,237
$2,953,822
$3,229,170
stocks for period
362,311
pfd.
p.
First
holders
of
first
Inc.—Offer to Bondholders—
mortgage
bonds
bondholders
agent, has made An offer to
due June 1, 1947, of the above
as
protective
committee
for said
bonds, of which O. Kelley Anderson is Chairman, to purchase bonds
of $l,0CO denomination with all accrued and unpaid interest' fcr $300
per bond.
The offer is on the condition that at least 90% of the
bonds
(or
such lesser
percentage as the offeror may accept) are
deposited with The National Bank of Boston, by Oct. 20. 1944 (or on
or before such date not later than Nov.
18, 1944,, to which the offeror
mav
extend time of deposit).
*
George
B.
Wood is President of the company.
("Boston News
corporation
through
the
'■■■
$1,245,527
-
12,974,728
3,962,0.91
2,661,426
Court
at
/
8.948,439
•
1,874,948
.793,483
System—Pays Interest—
Boston,
a
■
.
the
..
Bureau.")—V, 154, p. 1264,
/
>
America—Redemption—
since
its
that
"The
Mr.
he
is
reorganization
basis.
sidiaries
who
Yeager,
week
■
consolidated
has
"On
,
60
Gulf
&
from
days
date
is
Ry,
defendant.
The
.Special
the registry of said court, after
hereof, all sums of money ap¬
2083.
p.
•
Utilities and
its
basis
of
approximately
compared
with
Net
1943
$1,532,178
prime
renegotiation
for
income
by
$1,877,179
Govt.
taxes
income
the
630,000
293,000
964,930
$315,178
$1.05
$282,249
shares')——
year.—
share
(300,000
for
per
924,000
income taxes
Fed.
and
'
for the
report to
a
months
year ended
$0.94
Profits
on
war
Jun§ 30, 1944, have not been renegotiated
shareholders dated March
31,
renegotiation
pursuant to
1943,
The
ing
the
ended Dec.
1943,
with the Regional Price
respect to
the
of
24,
it was stated that
1944.
covering the
tentative agree¬
a
"Adjustment Board had been
war
business
for
War Profits Control
tentative agreement proposed a
the
reached with
ended
year
June
30
Act.
refund of $218,079
(after credit¬
applicable
amount
sub¬
$9,322,000
.
contrac-
Fed.
prime 'contractors—..——
to
renegotiation
income
In
six
Federal income and excess profits taxes),
of
this
$168,079 was to be paid in cash and the balance by a reduc¬
of postwar refund of excess profits taxes.
After that report was made to the shareholders,
tion
$594,029 in 1941 to $1,029,977 in 1943,"
a special letter announcing his resig¬
as
Fed.
for
Prov.
ment
ment
bid
$4,196,000,
1944
to
refunds
before
prov.
by the Government.
•'
International
income
•
tors,
contracts
was
.
Net
.out of earnings for possible renegotiation adjustment.
has
from
Jarvis Co.—Earnings-
During the year the comoany voluntarily refunded to its prime con¬
tractors $924,000 and in addition a reserve for1 $75,000 was provided
;
prices at June 30, 1941, the aggregate
market, valuation of all classes of capital stock of International Utili¬
ties/totaled
Gainesville
the right to pay into
of
159,
(W. B.)
•
Net
now
net-income of
increased
the
reserves
Refunded
•
Yeager told stockholders in
nation.
to
and
expiration
and
mtge.
1st
60-year gold bonds,
for redemption as of
been President since July, 1941, an¬
resigning his post with the company
virtually completed:.
Mr. Yeager left
the Reconstruction Finance Corporation early in 1941 to take over the
management of International Utilities Corp.
Mr. Yeager said that the corporation, with approval of the Securities
and Exchange Commission, has now been reorganized on a two-stock
last
nounced
Ry.—Payment
Year Ended June 30—
«/
^
B.
Gulf
&
Lamson,. Special
period—V.
,
.
William
%
v
Gainesville
plicable as credits upon any and all such bonds and coupons as shall
not have been surrendered and presented to him within such 60-day
60-year 5%' gold bonds and £46,720 of
which were recently authorized
to
be called
Nov. 1, 1944 at 100 and int.,
will be
redeemed at
the Empire Trust Co., trustee,
100 Broadway,
New York,
N. Y., or, at the option of the holder thereof, at the
Hambros
Bank,
Ltd,,' 41 Bishop'sgate,
London, England, in pound
sterling.—V. 160, p. 1186.
,
,
■
V
••
of
$45,000
1st. .mtge.
760,781
$426,488
;
mortgage
Jacksonville
and
Master
and
check covering the interest payment.—V. 160,
International Rys. of Central
The
738,374
$433,424
Master, on Sept. 26 notified all, holders
2'5-year 6% series A gold bonds, due Oct. 1. 1951,
present their said bonds with all unpaid coupons,
matured and unmatured, thereto attached, to the Special Master, at
The Atlantic National Bank, Jacksonville, Fla., within 60 days from
Sept. 26, for the purpose of receiving payment of the respective sums
to be paid
thereon by said Special Master, in accordance with the
terms
of
the final decree,
and the order confirming sale, and the
decree for deficiency and approving Special Master's report of con¬
veyance
and partial disbursements/ which order and decrees have
heretofore been ehtered in the U. S. District Court for the Southern
District of Florida,; in
that certain cause therein pending/ wherein,
Maryland Trust Co. and William J. Casey, trustees, are complainants,
first
to. surrender
■
5%
Herbert
of
314,873
187,145
International Utilities Corp.—President Resigns—
National Bank of Boston,
6%
$2,037,528
866,924
692,398
315,078
$282,662
—J—
Hoosac Valley Lime Co.,
The
832.
p.
62,570
$23,307 /
$31,116
——
Bondholders—
1941
1942
3,671,160
130,244
-
20,466,108
will
along with
1296.
p.
443,802
(net)..
deductions
income
160.
61,043
deducts..
other
income
Montreal or Toronto, Canada.
be stamped to show such interest payment
Canada, in
of
returned,
&
...
income
Gross
Income
inc.
revenue—
oper.
income
Other
—V.
Fed.
profits taxes—
excess
250,000
-
following interest paying agents of the system:
The Chase National
Bank of the City of New York, 11 Broad St., New York, N. Y.J The
First National Bank of Boston, 45 Milk St., Boston, Mass., or to Royal
The
-
iV
351,448
•
>
;—
'
Prov.
—V.
Mass., on Sept; 22 approved
payment in full of the interest due Oct. 1,1944, on the 6% debentures
due April 1, 1944 ($30 on each $1,000 debenture).
To collect such
interest
each-holder should transmit his debentures to one of the
Bank
a
properties—
/
•
19,464,356
7,664,012
The. IT. .8.
accelerated
of
of
use
820,248
280,757
,
railway
oper.
ry.
-v
railway—•-
from
from
Net
$2,447,490
income.
oper.
From Jan. 1—
Gross
$2,626,257
.
railway
International Hydro-Electric
renew.
approp.
res.
maint.
for
Net
•
793,386
railway-
from
from
'
1944—12 Mos.—1943
1944—Month—1943
Period End. Aug. 31—
Oper.
&
Net
:
RR.—Earnings
-1943
1944
AugustGross
Net
—V.
Houston Lighting & Power Co.—Earnings—
Operation
-:■'-■
■■
International Great Northern
Credit Corporation bonds Db%,
due. 1945, $150,015; accounts receivable, $8,568; inventories,, $11,450;
recoverable portion of previous year's Federal income taxes, $2,641;
investment in Socal. Oil & Refining Co., $29,368;
property, $100,308;
Assets—Cash,
p..1081.
160,
Int.
1
earnings...
net
Jacksonville,
.
deferred
v.
$18,012.
Total
>
Board
increased
balance
by
revised
its
to
$230,079,
findings
of which
a
reduction
of
as
a
result
$180,079
postwar
refund
of
was
of
i
the
which
paid
excess
Price
the
in
Adjust¬
refund
cash
profits
and
was
the
taxes.
.
.
*
final; adjustment
This
1943,
for the
renegotiation
on
Kansas Oklahoma & Gulf
ended June 30,
year
profits remaining after Federal taxes equal to 94 eents her
stock outstanding as compared with 98 cents per
left
'Share
of
from
Gross
the shareholders on March 24, 1944.
Net
1944 follows:
for the year ended June 30,
The Statement of Income
Sales, $3,832,903; retroactive price adjustments, $940,545; returns
rand allowances, $37,094; net sales, $2,855,263; cost of goods sold,
ry.
' 1943
175,545
,
78,928
income—
oper.
'-
From Jan. 1—
'
administrative expenses, $225,771; provision for deprecia¬
tion ($64,607) and' special amortization
($42,830), $107,437; operating
profit, $601,999; other income, $6,180; net income, $608,178; provision
vfor
Federal
income
taxes and possible war contracts renegotiation
:Federal
for
excess
dividends
-cash
(90
2,729,347
1,452,720
559,273
160,
The
1,627,956
899,713
1,921,031
2,665,654
1,275,955
630,515
oper.
ry.
—V.
railway
railway—
income
from
Net
991,060
446,710
the
or
Assets—Cash
hand
on
,
•V.-V-.''
Sheet, June 30, 1944
from
share
and of
and
in
(The) Kerite
Control—.....,V-
S. Government
U.
$1,502,945;
banks,
cash surrender value of life insurance, $58,146;
receivable,
$96,350;
inventories,
$28,798;
land ($18,801),
-accounts
All
1943;
July 31sales, less discts;,
revenues
"Operation
Maintenance
____
Taxes-
8,333
accruals
reserve
J
'4v;':..:y
.V
l'_
.1
deductions
;■
Income
Net
.
income
160,
$23,778
$271,769
102,770
351,586
,$733,240
from
for
$1,175,099
$788,528
27,718
13,428
war
1081.
p.
it has organized under the laws of Dela¬
ware a new subsidiary known as Jones & Laughlin International Co.
This subsidiary will act as a J. & L. sales representative in Brazil, ac¬
cording to an Associated Press report.—V. 160, P. 628.
,
- .
The corporation
announces
160,
—V.-
432.
p.
•
-
.
,
,'v
■
V
proposed assumption by The Kansas
funded debt, now owned in its entiiely
four subsidiaries.
Acquisition of the properties And asumption oLthe lurided
the
subsidiaries are subject to preliminary action by the
company's board of directors.—V. 160, p. 1296.
.
$404,537
$319,067
$274,006
Interest
$420,201
117,362
189,144
140,281
/" :v'.;
r':;y/4y yy(
237,449
$1.70
proceedings
therefor.1'' (y
on
y/:::
yy.,y.iy ■.
U.
taxes : (less
income
1
*
S.
'
Dr$38,932;
total,
158,
consolidated Income
Account for Years Ended June
"%■
1943
1942
: 1944
Net
and
sell,
sales,
of
admin,
30
The
1941 T;
.
■
Govt, .securities,
Inc.
from
operation—
:
income.
Other
income
Foreign exchange loss__
Total
V-
: 7
■TnterpsF.
$3,430/625
1,772
State franch,, tax
Depreciation
Loss
from
liquidation
of
^
c.
144,179
and Can.
.income
'Prov.
for
6,440
~Vaaa
5,939
;
,Q„
214,382
^95,000
350,000
1,382,000
150,000
1,727,200
150,000
taxes
contingencies--
—v™
5,653
dividend
income_-'-iL„__
Net
Empl.
Divs.
V
.
common
Balance,
Shs,
"$1,035,419
$1,110,741
370,825
374,125
381,451
$500,213
. 8,*uu
95,575
$797,530
$661,294
$729,290
$396,438
(par
-----stock-
surplus-
.
.y-
outstand-
common
ins
$1,168,355
pref. stock
on
371,100'
380,901
382,201
$3.16
$2.79
$2.92
Sheet, June 30
"
1944
hand
1942 '
$1,253,177
1943
$1,374,102
'llr'Sm
Marketable securities———,—----
Govt—
3I3,„oS
yeceiv—
1,488,887
Sundry debtors—^-————-- '.
• 91,979
Inventories of
materials, work in
process, fin. goods and supplies-3,504,133
Deposits and other assets—332,145
Prepaid taxes, rents, ins., eto^-.——
89,436
Invests,
not
in
to,?ubs,
advances
and
141,806
4,288,975
191,483
60,525
3,640,786
65,635
43,813
trademarks and goodwill—
'
,1
income
Operating
1,327,324.
2,475,502
1
1;
.
Total
$13,787,685 $12,711,918 $11,604,186
-——
Liabilities—
Accounts
Accrued
other
Reserve
Provision
Common stock
Earned
——
taxes on
stock
income——
—
-
(par $5)—
i——
Earned
surplus-———-—
Capital
surplus—
Par
value
of
company's
stock in treasury—
$163,073
$175,124
'
687,394
692,100
1,161.582
2,420,605
6,718,939
—2,478,615
628,298
726,000
704,633
2,420,605
6,189,017
,
'
'
554,619
608,848
383,975
2,420,605
5,497,809
2,433,346
2,491,358
Pr565,105
Dr516,100
common
——
2)r570,605
1944
1943
1942
1941
$5,540,131
$6,191,672
Totai
_
——
160, p. 985.
$13,787,685 $12,711,918 $11,604,186
(no
250,000
681,600
1,401,822
:
par).
Total
46,223
2,055,027
$8,034,050
$7,716,146
1944
of
accounts
45,015
$101,200
in
1944
and
fLess allowance for depreciation and for amortiza¬
improvement^ to leased premises of $1,153,534
$1,094,669 iri :1943. tLess U. S, Treasury tax notes of
leasehlod
and
$1,541,287
doubtful
for
•,
1943.
$131,000 in
in
'
allowance
of
250,000
100,000
695,400
1,401,822
•
2,553,917
____________________________________
•'Less
31,895
135,435
s
in
and
1944
1943.—V. 160, p.
$1,798,842 in
and
1187.
Lehigh Valley RR.
Earnings—■
Net
$5,187,571
2.947,641
1,900,459
1,423,783
1,340,706
1,155,745
67,222,496
60,367,457
48,724,359
19,275,402
20,350,409
16,464,064
36,763,913
12,522,783
7,795,202
8,893,550
7,416,866
7,393,879
V
.
from
railwayrailway-
from
$7,313,946
income.
oper.
ry.
From Jan. 1—
Gross
1941.;
1942
$8,320,027
2.809,511
1,068,447
$8,515,850
2^244,602
from
railway..
Net«from railwaysNet
:„
1943
1944
August—
Gross
__
Net ry. oper. income
—V. 160, p. 985.
Fink
Lehn &
Products Corp.—Earnings—
32,020
30,054
$5,572,150
$6,221,726
sales
—
for
period.^.
for
\
-Dividends'
Shares
cap.
.
■■■.
2,625,567
;
2,910,186
4,014,430
\
;
,
-:
'
Gross
163,428
-
.
$1)___
share____
(par
Federal
taxes
$1,521,976
1,600,000
2,000,000
$0.76-
.64,041
209,062
Other .taxes
813,955
1,566,018
__________
on
46,477
$2,578,509
1,011,000
$2,352,244
826,300
income_„___^__
'
tax
___■
;
•
180,000
23,700
178,725
profits
218,353
153,299
Depreciation
$2,279,231 $3,639,318
1,600,000-> 2,200,000-" 3,700,000
$1,918,183
2,000,000
$1.14 '
2,000,000
$0.96
2,000,000
$1.82
accounts receivable, $1,610; Government war con¬
tracts, $17,055; supplies on hand at book value, $465,472; investments,
at cost, $5,126,274; shares in other mining companies, after deducting
amount written off, $308,406; buildings,; structures and- equipment (less
provision for depreciation of $7,442,666). $197,192; miri'fflf^properties,
.$1; insurance and other reserves, $381,476; sundry assets and prepaid
expenses, $51,086; total, $6,064,435."
v.-.
.
payable and accrued charges, $204,433; pro¬
having paid on account of Dominion Government,,
year $300,000, $375,000; reserves, $381,476; capital
Liabilities—Accounts
for taxes, after
taxes
for
stock,
$2,000,000; profit and loss balance, $3,103,526; total, $6,064,435.
.
Prov.
78,878
76,953
paid
Provision for
17,491
12,737
281.126
250,576
250,000
___T_
reserve
for
inventories.
of employees
100,000
from oper. of Canadian sub. companies
35,369
*21,284
2"
$697,845
$778,037
555.380
555.380
$1.75
$1.96
retirement
for
Net loss
and
benefit
Net
profit
Dividends paid
Earnings
per
common
share_2—______
—_
's'Profit,
Consolidated
$206,336;
current
10,919,754
$2,305,767
__
income
( 204,221
Assets—Cash and bank balances, $3,499,344hrhullien on hand and ill
transit,
14,628,870
$2,514,468
__
income
824,179
•
Balance Sheet, June 30, 1944
.
$17,143,338 $13,225,521
—
sold, selling, gen. & admin, exps.
profit
-Gross
Excess
*•
stocck out¬
Earnings per
■
1943
$9,428,828
628,159
taxes
1944
.
^
Cost of goods
24.047
$4,537,803
; '
(Including Domestic Subsidiaries)
$9,404,781
•
vision
—V.
31,894
profits taxes____
surplus
Interest
Profit
,
$199,052
excess
(exclusive
Capital;, surplus,
: Net
$4,498,529
2,224,239
on
equipment
-
liabilities.—
for
Reserves
Common
1 '
~
payable—trade .creditorswages,
accrued taxes, and
______
structure- and
standing
•
•
____
expenses,
deprec.
for
bldgs.,
Wr.n»knA
consolidated—.1,196,969
assets-.2,101,531, 2,195,668
&
410,784
39,122
667,952
992,087
stock
common
on
inc.
1,782,494
$635,278
455,198
■ 58,660
928,574
;
declared
payable
Other
Prov.
Capital
Patents,
production
Total
,
$7,716,146
$100,000
within one year
creditors,
quar.
of notes maturing
within one year>_.4_(_____.__;___„_______.
Post-war contingency reserve
Cumulative preferred stock (par $100)
.
39,273
Years End. June 30—
Bullion
1
,tnnA
;
-;
,
Lake Shore Mines, Ltd.—Earnings—
i^o'^ari
1,111,519
-
.
341,931
29,470
15,188
693,683
1
74,670
293,424
29,199
. 8,609 »
647,773
1
129,370
(less amortization)—.
Years Ended June 30—
1,738,849
81,619
,
Customers' accts. and notes
receivable, etc.__^
.
Interest
Accounts receivable—U. S.
-V- 63,366
3,608,347
,
•k
.
$1,841,102
-
demand dep. and on
on
1,549,506
126,631
•
dividend of five cents
,,.$1.29
Consolidated Balance
Assets—
_n1
„no
370,000
$5)
Wm-pSd!!oncomT:
Cash
•
,
.
.
_
1943
3,430,702
JProv. for Fed.
Notes
'
'
manufa.Qturers_.__—4^—4^—/
-
$1,235,548
104,435
$8,034,050'
Dividend
*
first
regular quarterly
and the
share
$5.20
-
•
^
-
Accrued expenses
of 10 cents per share
(011 the common stock, no par value, both payable Oct. 1 to holders
of record Sept. 25,
Similar distributions were also declared, payable
Nov. 30, next, to holders of
record Nov. 20, in order to place the
quarterly dividend payments on a fiscal year basis instead of a
'.calendar year basis as heretofore.
These-dividends, together with
7 the three dividends of 10 cents each paid on Jan. 1, April 1 and July
1, will make a total of 60 cents to be paid during the current fiscal
year to end Nov. 30,
1944.
In the last fiscal year, a total of 40
.(.cents'per. share was paid.
■■/v..'v. The 6c!o
preferred stock was recently called for redemption as of
Oct.
1, 1944, leaving only two shares of old 1% non-callable pre¬
ferred stock and 139,948 shares of common stock outstanding.—V, 160,
p. 985.
'■
.
V/'-'"..; ^
: V"
'
per
;
Prepaid sales and credits to customers..—
Employees' taxes withheld
:
company
Sept. 20 declared, an extra
on
$5.41;
•
•
directors
$713,519
51,534
190,768
r
1943 for post-war refund.
Total
Laclede-Christy Clay Products Co.-y-Extra Dividends—
The
334,000
'
Liabilities—»';
*'
.
8,282
0
-—1
deductions
Prov. for Fed.
290,796
■ u,
206.000
" 191.218
■ $4.28
191,368
1944 and $74,670 in
Notes payable, maturing
Accounts payable, trade
,
tion
13,32!)
^,749
244,669
21,964
294,93 1
the
48,608
■
Patents, trade marks and goodwill
(post-war)
la'aoo
5,685
; 274
subsidiary
Misc.
$993,339
$2,681,653
56,246 ,'
294,295
Y,
177,903
$3,070,640
1,939
79,974
N.
^289,700
103,639
$2,503,750
$2,933,718
- 136,922
'..y.744
"\
'
'
$3,163,739
266,885
by
$20,819,000
$595,502
49,345
$738,866
(Excess profits tax refundable
The
coupon.
used
includes
This
-
3%
a
be
would
13,994,622
15,783,997
Government
S;
Advance mortgage
proceeds, together with treasury cash,
to retire outstanding mortgage debt.
mortgage and collateral trust 3V2S,
due 1961, brought to market in April, 1941; $3,000,000 of 3Vss out¬
standing under the same mortgage and a $3,000,000 mortgage out¬
standing against the building owned by Koppers Building, Inc., a sub¬
sidiary.
Mellon Securities Corp., it' is said, will head the investment
banking group, underwriting the new securities.—V. 160, p. 1296. yyy-''
carrying
_
16,723,532
20,777,756
expense
'
Lasts, dies and patterns
tProperty accounts
issue
new
a
100,000
Prepaid and deferred expensesi«.w__4_i.._._4__i v
•
<
Reported—
150,000
contingencies
Inventories
it is reported, plans to file with the SEC in the near
of $23,000,000 bonds running for 20 years and
company,
future
$18,287,748 $14,884,322
$23,941,496 $19,657,250
sales
Cost
S
Koppers Co.—^New Financing
19,646
220,100
608,150
.
$54,700 in
Advances to
1279.
271,700
2,137,600
dividends„__"__L_:_
After
:
.
;.y.!;;,r:'.";y-. y.y::; :yy;.y':yyyvyy;
$308,634; accrued payrolls and
p.
post-war
vV; " '
",;1
/• 58,114
deposits in banks and cash on hand— $1,872,857
securities_^i..__r.^__-i_.^--mi,
': 107,039
"Accounts receivable
1,388,441
U.
$259,162; estimated provision, for FedGovernment tax motes of $1,139,000),
$6,135,256.—V.
for
:
10,549
Value
Demand
•
Subs.)—Earnings-
(Julius) Kayser & Co. (&
v..
Comparative Consolidated Balance Sheet, May 31
Assets—
1944
regulation V,
$2,500,000;: reserved
for war and post-war adjustments,
$250,000;
common
stock (par: $1),( $237,449; capital surplus, $833,554;. surplus
arising from
appraisal of fixed assets, $133,387; earned surplus,
$1,306,792; common -stock held in treasury,: at cost (4,292 shares),
parent
126,610
Crl3,734
Cf?8,363 " ! Crl5,243
(net).
Earnings per common share______i.
?
$345,210; notes payable to banks, under Federal Reserve
debfrbf
6,803,900
145,635
machin-
fixt..
Common dividends
receivable,"1$688,569; contract termination claims,
^which are not. in excess
accts. payable,
of
deprec.
Preferred
at latest. available costs
total, $6,135,256../y/yy,
yy-y
Liabilities'—Accounts payable—trade,
: eral
8,282,972
expense.
income
Net
and $55,000 in 1943.
for
5y •,
int.
of
exclusive
expenses,
income
Reserve
■
market, $1,513,186; post-war excess profits tax refund (estimated),
y $166,COO;
fixed assets
(net),
$1,041,277; deferred charges, $68,230;
misc.
$8,279,941
9,288,947
4
116,867
'
Federal income and declared
\
; excess profits taxes."
^Federal excess profits taxes
of
and
79.139
and
depts.
V
yyv/V'^ 1
233,745
237,118
$1.17
$1.77
237,449
$1.36
hand and in banks, $1,310,852; U, S.
inventories
$76.306;
97,275
143,500
leased
income
Excess of exps., except "deprec,, over
inc. from prop, not used in oper.
Balance Sheet, July 31, 1944
>
$1,270,835;; accounts
Co,
will vote on a
' y
Assets—Cash
taxes
The meeting also
/■'
■
12,353,249
$8,200,802
19,461,243
r__
etc.
ery,
.
post-war refund of $111,000 in 1944
:
.
15,889,014
$12,712,801 $10,995,231
from
&
for
-Prov.
50,000
..
share
sion has been made
Southern Ry.—To Acquire Subsidiaries—
The
company
has called a special meeting of ; stockholders for
Oct
31, to approve the acquisition of the properties of seven sub¬
sidiary companies, all of the capital stock of which is now owned
by the parent concern.
The companies are; The Arkansas Western
"Ry7 Fort Smith & Van Buren Ry, Co,; The Kansas City,Shreveport
& Gulf Terminal Co.;
Port Arthur Canal & Dock Co.; The K. C, S.
Elevator Co.; The Maywood & Sugar Creek Ry. Co. and Neches Ry.
City Southern Ry. Co. of the
by. the railway; of the first
139,000
in that year: Renegotiation proceedings for the year ended July
1944, have not been started. In .view of the determination for the
preceding year, it is believed that the-amount, if any, which may oe
refunded would not be material and, consequently, no specific provi¬
Kansas City
*
186,000
285,000 •/
pany
resigned.
.
$12,595,934 $10,897,955
______
oper.
deprec.
5,428
31,
•
deprec.
Total
the year ended July 31, 1943,
under the War Profits Control Act have been completed, resulting in
a
determination that no excessive profits were realized by the com¬
Rockwell
Vice-President and Treasurer of Marlin
Corp., has been elected a director to succeed W. E. Barrow,
Walters,
H.
1944
1943
1942
$32,057,177 $26,786,969 $20,554,051
of
margin
misc.
■
165,000
*495,000'. X
140,688
Note—Renegotiation
Co.—New Director—
Joy Manufacturing
John
■"After
exclusive
factories
Commissions
100,000
.
—
Earnings per
(& Subs.)—Earnings—
31—
returns...
sales
Gross
:100,000
—
$1)
(.par
of
net
of
at
1,094
225,000"
241,000
Shares of -common .stock;
Corp.—-New Subsidiary—
Sales,
"•Cost
Operating
2,912
*999,000'
—
profit
Dividends paid
,
Lane Bryant, Inc.
9,402
189
taxes-__
and post-
adjustments
war
159,
12 Mos. Ended May
-
i//v.;
\>
1
Net
Jones & Laughlin Steel
.
profits
under
operating
are
been negligible.
The
with recent years."—
of service for any cause have
operations have been in harmony
fixed
1——I
for war
Prov.
1944—36 Wks.—194T
$37,943,353 $35,990,714
1944-4 Wks.—1943
•
$4,194,761 $3,876,780
Period End. Sept, 9—
Retail -sales
J-V. 160,
Increase—/y'H;;
Inc.—Sales
lines
tube
1354.
10,607
Prov. for Fed. inc. taxes
Excess
mail
Boston
p.
$761,236
61,733.
year'-
of
and
York
New
re¬
of
sale
on
on
of
37,663
$1,117,366
89,616
prec.
negotiation
equipment.
/ '' ' ' '
the books is approxi¬
business
the unfinished
writing
V.
$723,572
55,288
63,923
assets
Jewel .Tea Co.,
367,048
year
a
experienced
$1,090,621
309,908
•: ' >
was
$4,635,850.
'interruptions
■
paid
contr.
Loss
832.
p.
$1,043,148
$1,468,952
396,162
—
result,
Refund
91,800
91,800
—
__
5,017,744
$1,808,652
Interest
$225,429
93,868
■-
$6,108,365
6,054,070
7,546,228
$1,719,036
income
Other
$330,423
104,995
$376,534
104,765
paid
dividends
Common
$32,461
8,683;
requirements.—_,—...
dividend
Preference
•—V,
$31,533
9,249
$22,284
income
$336,213
Pr5,790
Dr8,588
$7,097,218
higher than it
is substantially
balance
much heavier load than in normal times. .Little1" or no difficulty
in
keeping up with this extra heavy demand,
and
very
gen.
exps.,
$385,121
$32,046
415
$32,217
Dr685
Utility oper. income—
income (net)
'
$9,015,180
11,099,190
all
and
The high rate
ample backlog to
instructions are re¬
effort.
war
results
$13,214,388
—
& admin,
incl. deprec.
Selling,
this
'The
V?
is
$2,115,198
174,261
60,657
95,833
1
—
■
Other
Gross
159,974
152,156
100,000
added
"At
(
1941
v2:1942
basis
satisfactory
a
the
this year with
Government is providing all necessary major
sold, incl.
depreciation
and
mately
1943
1944
-
allow.—
and
returns
Cost of goods
$1,309,091
642.126
$1,523,777
726,525
9,659 7".
8,333
12,333
-
Ketire.
Gross
1944—12 Mos.—1943
1944—Month—1943
$130,373
$121,718
64,513
59,615
12,977
12,064
Period End. July 31—
Operating
tract)
was
on
to
far
time (exclusive of the large cancelled Government con¬
represents a wide variety of products.
Recently there
a
contract
for
artillery shell boosters, for which the1
this
at
ago
been
directed
be
to
continues thus
years
"The " order
)
an
Ended
25
it unless cancellations or termination
v-.v.-."-'V:'•,
^sustain
King-Seeley -Corp.—Earnings—
(& Subs.)—Earnings—
Service Ltd.
consider
to
Years
Jamaica Public
.
has
corporation
17
on
a
have
all
at
contract
recent
of
called a special meeting of stockholders' for
anitadment to its charter to create a new
class of preferred stock^with a view to replacing the present out¬
standing 99.630 shares of Q% preferred stock, par $100.—V, 160, p. 832.
The
Oct.
each
dividend of
a
1354. i.
,
.
•
sp v .5> t" ■
letter to the stockholders on Sept. 25
p.
in
Dietz,
activities* continued
•'
ceived.
for
reserve
since.—V. 159,
President,
none
ment
services, has been pur¬
a news report.
y
1
Federal income
taxes and possible war contracts renegotiation adjustment,
$295,014;
.accrued salaries, wages, taxes and other expenses,. $95,545;- reserves,
$148,502; common stock (par $1), $300,000; earned surplus, $2,034,512;
total, $3,037,705.—V. 158, p. 2469.
!
/V-' v"
;/ (/.y ;!>.■ :;f:V U
payable, $164,132;
Liabilities—Accounts
power
Kimberly-Clark Corp.—Plans New Preferred Stock—
$10,927; total,
deferred expenses,
$1; prepaid and
patents,
$3,037,705.
railroad,
in
Cable Co., Inc.—
"-./y.'"-yy'
&
and
$50,
par
the
on
stated in part as follows:
;
"Results of operations without considering the terminated Govern¬
,
corporation, manufacturer of Kerite insula¬
and telegraph
chased by Lee Higginson Corp., according to
used
tion,
buildings ($190,271), machinery and equipment ($671,394) (less reserves
for depreciation of $412,383), $468,083; emergency facilities
(building
and building equipment) less reserve for special amortization ($83,444),
$130,707;
Wire
Insulated
of this
the stock
of
■
Dividends—
dividends of $1.50
two
stock,
^ '1
;
.
.
declared
15
preferred
and Walter
L. Blomfield
A.
,
$1.50
Carl F.
$741,749;
securities,
■
1, 1943 to May 31, 1944, and wipes out all arrearages on
Distributions .of 2Q cents per share on the common stock
per share on the preferred stock were made on July 15,
June
that issue.
Kellogg Co. (N. J.)—Control Sought—
See,^Pullman-Standard Car Mfg. Co. .below.—V. 135, p. 997.
■■/
'■
Sept.
on
cumulative
per
''
Balance
328.
p.
$5. par common stock, all payable Oct. 5 to
holders of record Sept. ,25.
The preferred dividends cover the period
985.
p.
-•"(M. W.)
directors
6%
.cents
562,900
.
is believed to be required
profits'-taxes)ioi$293s00'0; net income, $315,178 ;<
cents) per share* $270,000.
(no provision has been made
adjustment
from
Gross
.Net
Wright,
William H.
.
directors elected
Other
director.
a
Larnson Corp. of Delaware—Resumes
■
•$1,920,056;
Wende,
Foskett.—V, 160,
W.
elected
been
Albert
were:
$213,317
110,774
61,356
$298,559
166,960
79,477
has
Hilton
C.
Max
v-
1941
> 1942
'•
>■
$379,638
169,629
71,860
$345,294
railway-
railway.—»
from
Net
.
New Director—
Ry.—Earnings—
1944
August-
-
common
share reported to
1403
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4321
.Volume 160
Assets—Cash
ment
en
securities,
reserves
for.
Balance Sheet,
demand
at
doubtful
cost,
deposit/and
$59,455/
accounts
and
June 30, 1944
on
trade
hand,
$767,112;
accounts
discounts
of
Govern¬
receivable
$87,359),
(less
$784,495;
$147,614; inventories. $4,'202,723;
prepaid
expenses,
$54,068;
investments (net), $1,130,227;
fixed assets, at. cost; less depreciation $1,193,877; trade-marks, trade
names,
etc.,
at cost
(less
surplus appropriated for the • reduction
thereof of $7,698,539), $1; total, $8,339,571.
sundry
debtors
t
(less
$595,101;
of
$9,049),
payable (banks), $1,000,000; trade accounts pay¬
accrued taxes, expenses, etc., $571,570; reserve for
LiabiHties—Notes
able,
reserves
and' 'common' stock's, earned , surplus Aas increased by
stood dt a total 'of • $8,995,lldi as at June 30, 1943.'
•:
the year, excluding all inter-company sales, were
$279,194,622. compared With $242,496,293 for the" year ended June 30,
1943
thus representing an increase of 15%.
At the same time, the
report points out, saics volume was somewnat restricted by inability
to obtain certain merchandise/particularly drug sundries.
No material
change in this situation is anticipated for the duration of the war,
Mr. Murray adds.
-a;.
'
'
Addition of $250,000 to the reserve for contingencies brought this
reserve, which has been created out of earnings,
to $2,000,000 as at
June 30,
1944.
Renegotiation of Government contracts for the year
has not been completed, but Mr. Murray reports that it is not expected
to affect these earnings, materially. /
"•
v,yvAY'/ :
j. A program of aptitude tests and training courses has been instituted
in order to !maintain an efficient and well-trained organization,",^fhej'
new
program is expected to fit employees for more rapid, promotion
and make it possible for their special aptitudes and experience to be
utilized, especially ini; the case of'returning service men .and women,
of
whom
there already are more than 1,600 in the armed forges.
During the fiscal year an employees' retirement plan was voted by
the stockholders and has since been approved by the United States
Treasury Department as a plan qualifying under the Internal Revenue
$1,191,000;
taxes,
income
$510,000;
costs,
split up the present common
stock two for one, and also approved issuance of 80,000 shares of
new
$1.25 preferred stock, par $20.
A total of 160,000 shares of par
50 cents common stock is to be reserved for conversion of the pre¬
160, p. 1187).
Manufacturers Trust Co. has
stock.
ferred
The
.
25 voted to
stockholders on Sept.
V.
(See
been appointed registrar of the
stock.—-V. 160, p. 1296.
.
A-A-' ">v>
and common
•preferred
.
,
,
.
Consolidated
Interest
on
30, 1044
A ®295*q^
3,940,
—■'
income
Other
Account, Six Months Ended June
Income
installment notes receivable
■
■
(& Subs.)—Earnings-
Service Corp.
Lincoln
$299,671
AA-.
——•
Operating expenses (incl. estimated prov. for current years
fncome. taxes)
At
'-—
V-' Total
-
'
„—
216,413
Y
income
Earned
Y•'
surplus ' .2 A—:
on
capital stock:
Total
at June 30,
Earned: surplus—as
that
such
is
$222,453
the
problems
position
strong
the
tain
3,360
company's
'/AY
V'
1943
S
'
AY
160, p, 730.•■'
—v.
A.;y'y\'aAAYy'Y'-
A-a '/.'a YA:r'AY:-'
•
machinery and equipment, which must be manned largely, by new
yY
A/L
: • -.J:
Y,
AAA / AaAy" A
; ' A new Contract for more than $214,000,000 worth of P-38 fighters,
awarded last month, by the Army Aif Forces, added to a recently
announced contract/for nearly $142,000,000 in additional B-17 bombers
and the new type fighter, have raised Lockheed's backlog
to more
on
$1,600,000,000, Mr. Gross revealed.-r-V. 160, p. 1296. V,'
•.
A
;
'
$
■
' jt'
^
both
Total
A'.'.A
Other
1
2,203,244
aAAA-A $1,941,093
for
profit for
the
Dividends
.1,023
paid on
on
regular
cents
Oct.
__——AA-
income
.—A—-,,;
$1,949,330
334,040
*
After
of
$1,603,802
-V.
386.
160. P.
Ar Louisiana & Arkansas Railway Co.—Earnings—
': Period End.
Aug. 31—
-
Ry.
Ry,
1944—Month—1943
1944—8 Mos.—1943
$1,767,233 $1,685,594 $13,476,001 $13,095,917
1,039,108
985,316
8,038 °50
7,591,451
'
352,000 > - 396,000 ^"2,772,400
2,895,500
77,384
66,638 v ; 617,092
560,640
•
expenses—.-
oper.
Federal
"" •'
revenues—,
oper.
taxes—
income
taxes
Other
•
Ry.
income—-
facil.
,$237,640
500,755
86,667
84,981
11,855
$2,04^,559
57,125
$298,742
(net Ur} —
rents (net Dr)
oper.
Equip, rents
Jt.
10,749
-
$2,048,325
464,196
95,293
Net
$1,488,836
$1,460,137
$169,766
$201,906
income
oper.
ry.
i6o. p, 986.
'■•'v.!...:;v--., v;
•
,
of
250,000
5,161,069
133,930
2,187,348
of
:
Adams,
a
succeed the late Lyman Delano;-:.
sto
directors
The
at
in
$2.85
1944 and $519,800 in 1943 in
receivable presently deter¬
in
$462,203
accounts
and
notes
1944
and $980,002 in 1943, Y.
/
Y^'Y-^Y
?
bonds,
series
The
for
v,
A,
3!/2%
trust
collateral
outstanding $10,997,000 unified mortgage 31/2%
due Jan. 1, 1950, and all of the outstanding $3,000
action
above
refunding
a
160.
due
Jan.
1,
said in financial
operation
986.
p.
bonds
was
involving
1950.
circles to be paving
over
assets
Other
Leopold
P.
H.
elected
been
Corp.—New Vice-Pres.
Airplane
1944 Y y"
684,695
advances
94,067
leased property_aY„—A—YYproperties
Equity? In
of Trenton,
Klotz,
director
a
J.
N.
and New York,
Vice-President
and
and
N,;Y.,
has
He
charges
-l/lAvenue, New York 22,
N.
Y., has been appointed public relations counsel of the Luscombe
Airplane Corp.,: Trenton, N. J.—V. 159, p. 2523.
been
Y'.'Y"
etcY-
Goodwill, trade-marks, trade names,
Accounts
Ce'its-4^'\i^
Extra of 25
directors
The
on
"Sept.
26
an
extra
dividend
of
25
per share on the com¬
value, both payable Nov. 1 to holders of record
14.
Quarterly distributions of 35 cents each
were
made on
1, May 1 and Aug. 1, this year, and in each quarter during
An
extra dividend of 25 cents per share was also paid on
1, 1943.—V. 160, p. 832.
■■ v.
Y-,<
stock,
mon
Oct.
Feb.
1943.
Nov.
par
no
.
McGraw-Hill Publishing
directors
The
share
the
on
20.
this
year.
1,
July
on
Payments
Sept.
15 and
cents.—V.
25
Co., Inc.—20-Cent Dividend—
Sept. 26 declared
common
Like amounts
Oct.
.
160,
cash dividend
a
of 20
cents
per
stock,' payable Nov. 1 to holders of record
paid on March 10, June 10 and Sept, 12,
in 1943 were as follows:
April 1,
15 cents;
■■/ ;'Yv-'-:'
f
•
1,
20 cents
832.
p.
j.'.
•
each;
Y
and
20,
Dec.
'
'
a
year-end
'
'
'
&
U. S.
.
amounted to $5,161,069, according to the annual report.
1944,
fiscal
previous
The
net
year
profits
consolidated
net
reported
are
profits
after
were
For the
the
from
settlement
of
prior
years'
provision for preferred stock dividends,
stock.
.
the
For
deductions,
and
an
•
-
•;••'•-■
taxes.
for
...
after
per-shard?bTbbmmon
»' f.
.• .•
',/(5
fiscal year the net profits were likewise' after all
including provision for Federal income taxes of $10,639,226
of $500,000 to reserve for contingencies but before a
previous
addition
credit of $254,310, representing over-reserve for 'the preceding
period's taxes.
These earnings amounted to $2.8-5 per share coVnmor.
special
provision for preferred stock dividends.
The retirement during the year of the company's funded,
stock
after
and the issue
pleted
hence
of its new $4 cumulative
until October,
savings
in
1943,
^
indebtedness
preferred stock \yere not
com¬
common
stock
effected
by
refinancing were realized only during a portion of the fiscal year.
In
issuing his report Mr. Murray stated that all charges and
connected with
during the fiscal year.
penses
.
William J. Murray, President, points out;
charges ahead of the
sinking fund debentures
Excess
of
for Fed.
Reserve
5(4%
for'
bef. inc.
dividend
of 20
cents per
29. ' This
Sept.
share, payable
with 24
compares
stock, less
surplus
surplus from
Capital
This
&
160,
2,095,482
1.230,396-
1,230,396
p.
N.
of
Otis,
operate
—V.
160.
who
said
Merck & Co.,
of
of
Net
Y
-,
..
A
Consolidated
30,28^,650
4,306,057
4,756,031
8,995,110
Of
Commission earned
a'1/.-."v''y
preferred
-y'Y.Y. y'"-1;,
:y"
r
•
Y/.y-Y: a.
stock
Total
32,177
Oper.
other
without tax, liability and without the reinvestment
would exist should the present stock be redeemed.
The
company
considers the reclassfication plan to be a fair com¬
promise between the interests of common stockholders in retaining
senior money at the lowest net cost and the interests of preferred
stockholdrs in not having their investment disturbed.—V. 160, p. 1297.
Co.—35-Cent Common Div.—
MacAndrews & Forbes
Sept. 21 declared a dividend of 35 cents per share
on
the common stock, par $10, and the usuaL quarterly dividend of
Wi'Jo on the 6% • preferred stock, par $100, both payable Oct. 14 to
of
on
record
regular
and April
Sept.
year,
was
paid
July
amounts
disbursed udn
were
April
50
the
while on Jan. 15, 1944, a dividend of
the common stock, together with
on
dividend.
dividends
15,
Like
30.
this
15,
share
preferred
per
1941
.
paid
in
1943 were
15 and Oct.
as
15, 35 cents
Jan, 15, 60 cents,
each.—V, 160, p. 328.
follows:
4 ,-
Madison Square Garden Corp.—Outlool
$7,332,658
$7,544,573
27,480
$7,360,138
"
35.069
-y./,;/"■■•
$7,579,642
■. y )y"-y
3,345.123
2,682,811
->
3,362,426
An¬
$4,643/783
158,949
$7,987,307
178,317
$4,015,015
—...A—
118,835
73,611
$8,165,624
$4,133,850
A 45,440
$4,970,442
3,002,037
2.534,334
$1,086,373
$1,591,073
255,122
138,930
500.000
430.000
income
income
Deducs.
Prov.
—.AA
Fed.
and
$4,896,831
and
taxes
to
Common
Earns,
Cr606,505
333,510
650,000
——"$1,337,586 *$2,106,127
dividends
242,370
242,368
500,500
—
500,000
$1.09 " '
share.,
com.
'
$1,87
$0.33 '
$1.45
subject to renegotiation
Federal renegotiation statute for which no reserves have been
YYY. y<v '' .-A Y• ;VY.yYYA:'
.y/Y' "Y/yA. ■
Consolidated Balance Sheet, June 30, 1944
"Includes
provided.
6,378,134,
ex¬
derived
profits
Assets—Cash
in
banks
contracts
from
and
hand,
on
marketable securi¬
$6,053,955;
ties—Canadian
Government
notes receivable
(less reserve of $228,898), $4,822,528;
bonds
cost),
(at
$49,444;
accounts
ment
charges, $289,279; post-war refunds of excess profits
goodwill, trade marks, etc., $2; total, $37,384,749,
Liabilities—Accounts
payable,
$2,437,491;
payable
taxes,
$1,932,.
i,
',Y /
under
license
agreements, $397,368; payroll deductions for war bonds and for taxes
; withheld, $231,452; Federal and Canadian income and excess profits
taxes (less United States Treasury tax notes,"$2,003,500), $3,074,748;
accrued liabilities, $4,416,897; payable to affiliated companies, $79,015;
reserves
for contingencies—inventories, $1,300,000; reserves for other
contingencies and post-war adjustments, $702,839; reserves for insur¬
ance funds, $157,713: 5xMc' cumulative preferred stock'(par $100). $4,631,000; 4>/2% cumulative preferred stock (par $100), $5,369,000; com¬
mon
(par $1), $1,000,000; paid-in surplus,$4,058,018; earned surplus,
$9,529,210; total, $37,384,749.—V. 160,f pj l%o
.
' Z
Y :
489;
r
ori J
.
•'
1
.
Mersey Paper Co., Ltd. (& Subs.^Earnings—
'
Calendar Years—J
Gross
Int,
1942
-
debt
&
1941
$787,877
$1,407,897
236,939
252,188
277,062
$535,689
641,624
—;
fund,
$1,105,420
$868,481
profit
on
535.689
$1,130,835
659,885
other loans..
.
"The
as
outlook
industry
good
for the coming season/ is. excellent, and if the amuse¬
maintains its presentAfl&h level we expect to have
as last year," Mr. Irish said.
to a stockholder's question about a
corporation's
cash position,
he said that
a
year
$400,000 increase in
the
more
than $200,000
of, the increase resulted from tax saving on sale of a parking lot
at a loss.
He added that the corporation has surveyed the possibility
of air-conditioning the Garden and that ft would cost about $400,000.
In
Balance
'Provision
for
depreciation...
Provision
for
income
reply
Bond
Net
discount
profit
Preferred
for
Quarter
Ended
June
30
,
"Net
"After
charges
and taxes,—V.
160,
1943
$143,579
loss
$153,235
p.
1081.
..
exps.
A
;
84,689
off
10,881
written
*'172,136
12,782
Nil
$131,286
—
excess
Consolidated
Assets—Cash
less
reserve
on
hand
•
in
for doubtful .accounts,
150,000
\
Balance
and
$286,032
,
profits taxes.
V
1942
$117,909
&
etc.—
taxes,
dividends: .AAA
"Includes
Earnings
and
inventories, $11,-
investments, $1210,338; land, buildings, machinery and equip¬
(less reserve for depreciation, $4,591,761), $12,909,783; -deferred
116,932;
'
$100,000' for
Although- the corporation spent between $85,00(
the loss .normally
repairs during the first quarter beginning June 1i
less than
in the
sustained during the summer months was $10,00'
same
period of last year, Ned Irish, acting President, said at the
annual meeting of stockholders held on Sept. 26,
...
3,727,457
(est.)—
dividends
per
under the
195,035
reserves—;
income
Net
:
exc.
profits taxes-—
Approp.
287,869
Ca*
inc.
profits
cess.
$4,802,732
71,199
income—
from
for
nadian
and
ment
•
3,829,485
Gross incopie
which
July
1942
$8,473,267 $11,349,732
profit...
gross
company,
and
{
Y
21,622
opment expenses
of 5% Preferred Stock
has authorized
of the above plan is to allow the holders of the present
preferred stock to retain their investment in the preferred stock
cents
a
Account,
1943
Sell,, admin, and devel-
(par
The purpose
The directors
$38V2
share.
at
70 cents
3,441,090 $11,328,111
—A
Preferred
the
Income
1944
Gross prof, from sales
7,081,187
then
problem
$1)
(par
was
iAA-iA $27,368,974 $30,568,960- $20,248,368 $19,421,524
goods.—£—^.^ 18,927,884
19,240,850
12,915,710 '41,876,951
up of the company, which at present''is
fixed at $110 per
would continue at $110 per share until Nov, 1, 1947 and
be reduced to $105 per share plus, in each case, accrued
dividends to the date of redemption or liquidation.
6%
Mellon Se¬
—
sales
Cost
,
share,
of
stock
common
share. The selling commission
Post-war refunds of
would
also V.
See
Inc.—Secondary Offering
shares
5,960
Y
697,757
treasuryA—-AA/
York-Stock Exchange
5%
of
A
Buffalo company would continue to
160, p. 986, Y
AY A
- Ar
the
separate unit,
the listing of 30,000
$100)
upon
official notice of
issuance upon reclassification of its 6%
preferred stock.
The redemption
price and the amount which each share of pre¬
ferred
stock is entitled to receive upon
dissolution, liquidation or
New
-■
Y.—Acquisition—
curities Corp. on Sept. 27 made a secondary distribution
30,289,068
Stores Co.—Listing
McLellan
The
shares
$3.82
in 1944
a
832.
p.
1,230.396
,Y.AY' '?'■
acquired a controlling interest in the Terminals
Buffalo, N. Y„ warehousing concern, by
than two^thirds of the stocky according to Arthur
more
a
4,704,643
5,600,000
$1,602,430
$4,057,275
".;,YY'"'/
1297.
'
$4.14
Corp.,
President,
as
5,094,797
1,230,396
-»•••
$1.70
$1.81
334,256
in 1944 and $1,607,625 in 1943.
(Less
and $3,965,371 in 1943.
(Less Treasury
savings notes, series C, of $1,077,549 in 1944 and $5,644,253 in 1943.
of
reserves
of
1.006,978
has
company
Transportation
A.-A~A~-A~————A-£- $87,724,013 $78,700,265
Total
14,981,000
■'
6,060,000
2,225.177
A—.^.AA:
capital shares. ',
per share
purchase
'
1941
6,650,000
Merchants Refrigerating Co., N.
12,131 000
1,750,000
July 1,
20,692,621
1,114,064
16,850,000
-
625,000
income
XIRevised.—V.
6,837,462
13,131,522
:A„:——-
held in
23,058,86L
-
-
250,000
6 Mos. End. June 30—
2,000,000
15,000,000
——
78,436,661-) 75,617,428 170,738.544 162,087,636
-'9,125,177 Y; 8,780,482
v-'-Y AY-A"'-
2—>
on
(& Subs.)—Earnings-
1944—6 Mos.-* 1943
1944--12 Mos.-*1943."
^ Y ' y
'.Jv'{
-t: , '
t ' *" • * ,,j '
'
•,
taxes, etc.
profit
Number
Earnings
37,901
and State taxes.—
stock/
preferred
"
A——AAA'/
..
,
contingencies
150,000
—l
contingencies.AA—A_._-—,_YA
cumulative
Common
income
1
sales
per
1944
ex¬
a
record
July 31— y
«• '
Prof.
$6,276,308
:AA_A—-A——A.;.:.1A^-
credits
res.
this
the company's refinancing had been absorbed
After such charges and dividend payments on
declared
stockholders
2,909.296
$4 cumul.
on
Fed.
3Va %
15-year
Common
They .amounted
to $2.75
:vr
1
.
33,134
pfd. stock
income & exc. profits taxes
payable
(Reserve
$5,097,370.
all
deductions, including
provision of $13,102,446 for Federal income taxes,
an
addition of
$250,000 to the reserve for contingencies, and a charge of $668,316
for net premium on the company's debentures which were all retired
during the fiscal year, but before a special credit of $460,686 deriving
now
$9.93
•/•'
,>.•■
'
3,246.435
bond deposits of employees..
war
15
Robbins, Inc.—Annual Report-
consolidated net profits of company for the fiscal year ended June 30.
'
•Y.Yy-v^:\ Y;,, ,/,■./••
A", '
Net
'
commissions, taxes and 'Other
liabilities, -ete.Y/A^A.viAAAA/A'
holders
McKesson
950,479
$10.60
$10.97
_•__.
.Res.'for invent; and war
69,757
898,397
iA
^.A.———.—AYAAAAA $10,078,101
payable
accrued
were
Nov.
962,746
on
Federal'taxes
winding
cents
share and a quarterly dividend of 40 cents
per
of
'v
Y.
declared
to
Period End.
salaries,
Wages,
private pilot for more than 15 years,
Charles H. Gale & Associates, 515 Madison
Corpv—Increases Dividend Rate and Declares
Aug. 31,'44
shares—.969,838
trustees have
20
'.. '1
7
AA-r-—:,-Ar'$87,724,013 $78,700,265
Total
a
McCali
$9,438,792
of
May Department Stores Co.
3,333.933
4,389,803
87,267
•
752,966
——_
has
Treasurer.
Market
July 20, last, and 19 cents' ori April 20, 1944.
In 1943,
the following payments were
made; Jan. 20, 28 cents; April 20, 17
cents; July 20, 22 cents; Oct. 20, 19 cents, and Dec. 24, 30 cents.—
v. 160, p. 434.
-\-a,':.yyyYyy, A'''-. :':'v .
-y
757,708
29,357
Non-operating
"Less
Treas.
the
Aug. 31,'43
The
1943 >;•
-
3,053,087
4,220,347
(net)__———
properties
Operating
Earned
&
has ' authorized
deliver
Sept, 29,
May 31/44
Oct.
Y> Y
Sheet, June 30
Y /yy-YVy '■YY'-:.Y''\:1."...
(net)_
and
Investments
reserve
Luscombe
cents
assets_Ylw!—w—i*—YAAAA-;$10,636,616 $10,202,439
cents paid
hand and in transit—
—
$10,982,556 $15,742,428
'■Notes and accounts receivable, less reserves—
19,159,935 1 15,960,011
48,646,998
37,360,960
Merchandise inventories
aiY
100,000 " Y
100,000
U. S. war savings bonds—series
bonds.—
of
$50,000,000
1944
Merger Approved—
Commission
the way
i-V'
,
to
Railroad
-V. 160, p. 833.
on
•
the
10
were
,
^
Street Ry.—Transit
Ry.
Net
i;':.;'''';-
banks,
Deferred
•;1;l;,rri,;t
Sept. 21 authorized the redemption on Jan. 1. next,
on
of all'of
102,
:>y-
-
Outstanding 3 V2 %;? Bonds^-
Redeem All
To
15,
Net assets per share.—
1,682,726
$2.75
—
-
Comparative Condensed Consolidated Balance
,
Dividends
director for many years, has been elected
Chairman of the board of this road i and of the Atlantic Coast Line RR.
B.
of
cents
July
■
5,097,371
293,988
•
Louisville & Nashville RR.—New Chairman Elected—
three
California
Number
1,819,199
$8,820,027
500,000
11,161,217
stock
doubtful
$29,154
Cash in
i
Frederick
share,
extra; April 15, 11 cents regular and three
11 cents extra and seven .cents, extra ; and
10 cents regular and 15 cents extra.—V. 160, p. 328.
15,
Net
16.869,957
1,941,228
'
Liabilities—
—v.
cents
17.6
per
Extras
.
1,931,479 A 1633,360
—
,
share
reduction
net
for
Deferred
,
cents
5.
,701,259
20,444,994
—
cumul, pfd. stock—
5V4%
common
Assets—'
i
A A ._AA_———
A.
income
of
10.6
Oct.
25
its operating properties to the City of San
to execute a note of up to $2,000,000 with the
Bank of America and to cancel its existing tariffs on file with the
Commission.—V. 160, p. 1081,
-
'
Net
and
extra;
The
16,168,699
(Includes provision for renegotiation
contracts of $44,000. * JAfter post-war refund on excess profits
war
$2,044,013
440,211
$1,615,290
A_A—-
debt—AA-
funded
on
dividend
of
record
of
on
Market
•
mined as not currently required.
tax
Gross
No.
stockholders
regular quarterly payments of like amounts
April. 15 and July 15, this year, while on Jan,'l5
only a regular dividend of 10 cents was paid.,
Y
In
1943, the following, distributions were madeu,Jan. 15. 10
'
—
tax
year
Earnings per common
reserves
Interest
290,038
iiYrt!$0.46
.
Net
$2,042,990
8,237
$133,461
'
291,538
extra
an
distribution
to
16
declared
21
ordinary
Oct.
Francisco on
It-—
——
normal
profits tax-,
:
contingencies.
excess
Provision
$4,155,540
2,112,550
A————1-,.—rA_.—
Operating income AAAAANon-operating income ——
A $125,802
Massachusetts Investors Trust—20-Cent Distribution—
.
Federal
for
Dividends
Taxes
3.148
267,000
and
each
,
disbursed
;
' A-A'a
25,280,794 *23,422,702
430,423
.454,815
19,819,200
625,794
operatiohs(—~i-*v;--^
A^AAAAA-AAaA-
income
Federal
$4,144,338
revenue
*
5,194
186,211
,
40,046,217
45,5>30,418
Y
.A
charges
Provision
1944
1943
A$14,425,593 $13,065,844
Operating expenses A—_A^-A--—8,997,525
7,766,899
Depreciation ————————
;
1,283,731
1,143,404
operating
;
'
Sept.
on
and
payable
cents
Operating revenue
Net
AAAA
(est.)
;
'.);>•
amort.)—233,664,203 202,450,077
of deprec, and
Other income
Months Ended Aug. 31—
8
sales jt excl.
Net profit from
;
.
Angeles Railway Corp.—Earnings—
Los
A A
(
workers.
than
,
Gross profit, .on sales^-4^AA/AAA/A.AA
Selling and general expenses, (excl. of depreciation and amortization A AAA
————
Depreciationand amortization—
—~——
autumn
E.
|,; 1
$403,609
Massachusetts Investors Second Fund, Inc.—Net Assets
The corporation •last month announced that it, has launched into an
construction program totaling more than $13,600,000.
Robert
Gross. President, said that more than $9,000,000 Will be expended
,
of
'
$317,207'
directors
share
per
Ya_„———L—Aa——LAA- 279,194,622' 242,496,294
sales
Cost
.'a
Corp.—Proposed Expansion—
Lockheed Aircraft
Net
' j''{
:
i
a
47,290
——A——Ay_____„—
$356,319
,,
Manhattan Bond Fund, Inc.—Extra DistributionThe
Street
1944
10,030,029
67,183
—
charges
taxes
10,831,195
—
.tvr.i'/l .
Net profit after taxesA-YAjA
_j.__
Number of common shares..^
-A—A——
Earnings per share^w^pw^iA-tiiW-^AA,
—v. 159, p. 1449.
■,-,A A;;;.. 1 ,A-:-'-,'.Y.¬
Account, Years Ended June 30
Income
income
Federal
expenses
$250,024
income
Other
operating'
operations——A——I
A—.-aY
-A—r„A—
■,/'• Gross
business
simple.
will
from
credits
considers the company to be in a
is continuing its efforts to main¬
growth and development."
A
Consolidated
$161,151
Profit
■■•
1943
,
$11,081,219 $10,386,348
sales/ and
Income
strength-
relatively
are
of
Cost
the management
to meet them and
present problems,
4,390
1944A.-A——AA^A
reconversion
of
1944
Sales;-,—
A-A ..vA;:'A:sYYwrites:
Murray
Although the transition from a war economy to a peace economy
53,551
—-
Y '
outlook ,Mr.
■
company's
"The company's financial structure has been simplified and
ended as a result of the recent financing.
The nature of its
139,195
——-—A—-/-'
67c'
prior pfd., $16,644;
partic. preferred, $21,908; common, $15,000
Dividends on stock of subs, to minority interests
Adjustment of prior years income taxes
7%
Dividends
Ai,
-Yv
discussing the
In
$83,258
' .A-A-AA
£.——AA-AAA-AA-A'
surplus, Jan. 1,; 1944.A———A^'-A-'
Net
AAA
Code,
•
Inc.—Earnings-
6 Months Ended July 31—•
•
for
sales
•Net
Corp.—Stock Split-Up—
Liberty Aircraft Products
The
'Man-del Brothers,
$1 913,924, and
for
reserves
preferred
the
reserves for post-war, development
other contingencies, $897,116; capital
stock
($5 par).
$2,000,OOOh earned surplus (net), $1,574,785; total,
$8,339.571.—-V. 159. p. 449..'
'• .' :
"■
'a.;;// /y.'-a
Federal
Monday, October 2, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
4404
Sheet.
bank.
Dec.
31,
$887,228;
1943
accounts receivable,
accrued interest cn bonds'
$625,435;
0wiled
$1,661,012;* notes receivable,
inventories,
$9,234;
for
Gold
Year
Fifty
consolidated
first
the
Mock, Judson, Vcehringer Co., Inc.—Stock Dividend—
Bonds—Prior to the surrender,
50-year gold bonds, matured
1938,
1,
1;
shall
This
if
1938,
be
done
soon
Trust-Co.,
purpose, Guaranty
York.
/;//1 ■"//
Metropolitan Edison Co.—New Financing Proposed—
Co. below.—V. 160, p. 1297.
See NY PA NJ Utilities
Discounts
^/v-/////,//
4%
Net
Year Ended June 30,
through
L'
$6,475,488
5,174,011
—
686,959
Selling, general and administrative expenses-
219.81B
deductions
Other
jF.,;
Gross
Other
'
$394,699
profit
27,037
income
Profit before
Federal
excess
$421,737
taxes
normal
Federal
and
income
of
surtax
121,327
-
.
tax—^
profits
refund
Post-war
1188.
$8,960,951
2,485,463
-
sold_^
goods
p.
1944
consignees).t—
sales
of
Cost
Gold
50-Year
See also V. 160
;
(& Subs.)—Earnings—
consignees_™._„A,-—--
to
one-half
and
value $2.50, for each share of common held.
payable to stockholders of record Sept,-26 as
$75,545
but
approved
25
be
Income Account,
•
(all
Sept.
on
5%' preferred, $50 par value,
new
par
'
,
held
incorporation calling for the pay¬
stock at the rate of one-
common
registration is effected with the SEC.
as
Sales
Bonds—The
voting trust
/certificates, representing common shares of the reorganized company to
Michigan Sugar Co.—Annual Report—
which holders of the second mortgage 4%
50-year gold bonds, due
Jan. 1, 1949, are entitled under the plan of reorganization, have been
Income Account, Year Ended June 30, 1944 //
issued and delivered to The First National Bank of Chicago, the
Revenue, less marketing expenses, from products produced
.//' deposit trustee under the second mortgage bondholders' deposit agree¬
// during the year and other income-—.—
_™™™-r—
$3,214,614
ment provided for in said plan.
At any time pfior to the termination
Production costs and other expenses (including $261,497
of said deposit agreement on Jan.
1, 1949, holders of said bonds who
/ for
depreciation) ™™™r-._r_™_™.Tr-,: ™™!™~r™.———/ / 3,643,318
wish to reserve their claims against Canadian Pacific Railway Co. as
guarantor of the interest on said bonds to and including Jan, 1, 1949,
Loss
from
operations.
1™;.;_/
$428,704
may deposit their bonds, together with all unmatured coupons apper¬
Estimated refund Of prior year's Federal taxes under cgrry-a
taining
thereto, with the deposit trustee, become parties to said
/ back provision of Internal Revenue Code-.™.™/—; Cr365,000
deposit agreement, and receive certificates of. deposit issued by the
Reserve for contingencies no longer required after charg- ^
deposit trustee pursuant to the provisions of said deposit agreement;
ing thereto $306,768 additional assessments of prior years' //;;/'//'
'
or
at,any time prior to the termination' of said deposit agreement
Federal
income and
excess
profits taxes and interest
holders
of said
bonds may surrender the same, together with all
thereon
•——...—
!
—
; >. Crl8,232 ;
unmatured coupons appertaining thereto, to the deposit trustee for
cancellation
for
all
purposes,
and will then
receive in exchange
Loss
for .the .year.™™/./-/™—™U™™/!/™J™!Ii/-/i //■.* $45,472
therefor the voting
trust certificates (or distributable securities and
Cash dividends on preferred stock...™™-.,.-™--—319,137,
cash) to which they shall at the time be entitled- under the terms
and conditions of said deposit agreement.
$364,609
Mortgage
Second
qf
will
of
the
on
Mode O'Day Corp,
the exchange agent appointed for
140 Broadway,, New .York 15, New
to
bonds
their
of
surrender
upon
share
common,
dividend
meeting
special
dividend
A
payment
,the
a
of
The
by presenting the, bonds to said agency, Bank of Montreal,
of the July 1, 1930, interest (for which interest install¬
ment no
coupons
were
provided).
Except as aforesaid, holders of
said first consolidated 50-year gold bonds will receive the new secuities and the amounts of cash to
which they are severally entitled
for
of
sixth
share
not. already collected said installments.
by detaching and collecting the Jan. 1, 1938, cou¬
and
pons
stock
of
have
they
a
ment
a
the certificate
to
amendment
an
.
July
stockholders .at
-.The
the holders'of such of said bonds as bear an interest
guaranty by Canadian Pacific Railway Co. should collect from the
agency, Bank of Montreal, 64 Wall St., New York 5, New York, the
installments of ..interest, that matured on said bonds on Jan. 1 and
accrued interest', wages and
sundry charges, $151,383; income and excess profits taxes, $69,540;
first mortgage 5%
sinking fund bonds, due June 1, 1957, $3,372,000;
general mortgage 6'h. sinking fund bonds, due March 1, 1949, $1,532,500; reserves for depreciation, $6,407,968; preference stock ($100 par),
$5,000,000; common stock (150,000 shares, no par), $749,988; capital
Surplus, $269,665; consolidated surplus, $1,079 155; total, $19,106,117.
—V. 158', P. 394.
/ /:-/;•/"'.
'/v.- >
:
of
exchange
July
payable, $473,917;
Liabilities—Accounts
-
Consolidated
First
non-current,.
cash in hands of trustees for bondholders, $3,203; deferred
charges to operations, $88,091; investments, at.Cost, $885,063; fixed
assets, at cost, $14,352,371; discount and expense qn bonds (less.pro¬
portion written off), $136(023; total, $19,106,117.
$458,457;
1405
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4321
160
Volume
profits
excess
92,733
Cr 9,2 73
tax
__
Dividends
*
Total
deficit
.
surplus at beginning of year
Earned
Earned
end of
surplus at
'•
•
First Refunding Mortgage Bonds—The voting trust
resenting common shares of the reorganized company
30, 1944
Sheet, June
and on hand, $666,142; U, S. Government
$1,000,000;
miscellaneous
accounts receivable,
$27,415; loans and advances to and on behalf of beet growers, $234,957;growing crop expenses (current season), $121,168; inventories, $!,123,104;
miscellaneous
assets,. $370,856;
deferred charges, $21,251;
Assets—Cash ?in-banks
oost.
at
securities,
$4,439,697; total, $8,004,589.
plant, property and equipment,
Liabilities—Accounts, payable :(trade); $23,212; accrued taxes; pay¬
rolls
and
other
accruals, $51,059; provision for. additional Federal
:"■
taxes
for. preceding
income
on
year,
$5,317,950; common stock
surplus. $1,777,677; earned
p. 1475.
($10 par).
capital
—v.
cumul. pref. stock
$12,244; ,6#
(747,108 shares, no par), $747,108;
surplus, $65,339; total, $8,004,589,
-./v/.v;--://•,
158.
Midland United Co.—Reorganization Plan Approved
by SEC In A Modified Form—
.///-'/
The
Securities and Exchange Commission has issued -preliminary
findings and opinion approving with modifications the plan of reorgan-,
ization of Midland United Co. and Midland Utilities Co.
;/ v: /
"! The Commission required that these modifications be made to the
plan as filed prior to the submission of the plan-to the reorganization
court'at Wilmington, Del.
One change increases the amount "of new
Stock allocated to Midland Utilities Co.'s outstanding prior lien stock,
to one-half of a share of
Midland Realization Co. new common in
place of three-tenths of a share as originally proposed.
' ^
•
Others provide for a more rapid pavment of the settlement reached
with a number-of secured creditors, and make possible a prompt merger
of Midland United Co., after its name has been changed to MidlandRealization Co., into its subsidiary, Midland Utilities.
In addition,
secured
creditors will waive approximately $250,000 interest; due to
.
Consolidated Balance Sheet, June 30,
Assets—Cash
ment
1944
$144,847; U. S, Govern¬
cost, $99,631; due from consignees—representing
sales In transit—deposited in Los Angeles bank by
at
retail
of
demand deposits,
hand and
on
securities,
proceeds
1944, $131,933; trade accounts receivable, met of $3,000 re¬
serve, $9,320; inventories, at lower of cost or market, $1,373,905;
ad¬
vances to retail licensees, $11,043; other assets, $34,859; property,
plant
10,
July
equipment; $438,232; patents and trade-mark, $1; deferred charges,
and
.y;.;'
total, .$2,292,292. .,/■(
$48,521;
Liabilities—Notes
payable,
.-
,;y
-..
individuals,
to
-
$45,000;
'v;,:'
-
accounts
trade
(including $136,530 merchandise In transit and incl. $124,303
to enterprise owned by officers of the company), $353,871;
discounts
to consignees. $34,998;
salaries, wages and bonuses,1 $64,593; payroll
taxes, $8,520; payroll deductions for bond purchases and taxes, $20,353;
payable
accrued
local
accrued
interest,
ended
accrued Federal capital stock tax, $7,125;
Federal taxes on income of the year
taxes, $30,636;
accrued
$50;
June
30, 1944 (est,), $214,059; long-term notes payable, $14,538;
capital stock
(par $5), $1,000,000; capital surplus,
$28,698; earned
surplus, $469,852; total, $2,292,292.—V. 159, p. 10.
Monolith Portland Midwest Co., Los
agreement.
Jesse
to reserve their claims
who wish
,$1.08
and expenses
Holders of said first refunding/mortgage bonds, series B,
against Canadian Pacific Railway Co..
Series B:
'
:
conditions of said deposit
and
the terms
;
,120,000
.
depreciation for the year included above*in costs,
amounted to $15,003.
■ -v- >. ;*,. • *
;
.
•,
Note—Provision for
to which holders
of the first refunding mortgage bonds, 6% series A, due July 1, 1946,
and first refunding mortgage bonds, 5Vz%, series B, due July 1, 1978,
are
entitled under-the plan of reorganization, have been issued and
delivered,
together with $10,000,000 principal amount of Wisconsin
Central Railway Co. first and refunding, mortgage 57c: bonds',-series B„
due April 1,
1959, to Continental Illinois National Bank and Trust
Company;-of Chicago, the deposit trustee under the first refunding
mortgage
bondholders' deposit agreement provided for inv said plan
of reorganization.
/;
■.//•;;.
'//';
.-■
Series-A;
Holders of said first refunding mortgage bonds, series A,
may
surrender their bonds, together with all coupons appertaining
thereto, matured
or.. maturing
on
and after Jan. 1, 1938, to said
deposit trustee for cancellation for all purposes, and receive in ex¬
change therefor the voting trust: certificates and Wisconsin Central
bonds (or certificates of beneficial interest therein), or distributable
securities and cash, to which, they shall at the time be entitled under
•//-/:*- //./:'-/ /< /:
-
$216,859
Earnings per
certificates rep¬
/,
$65,339
year
Balance
•
429,947
,
profit''___-_A_^___-_>_>_^__^A--.-A-_-.--L-A__-A'''
Net
92
■
Underprovision for prior year
Plant
the
Corporation
above
,
Ang.—Expansion
that the Defense
increase in its contract with
facilities at a plant in
Secretary of Commece, has announced
Jones,
authorized
has
to
company
provide
an
additional
,
agreement,
•/
i.I.The changes in the plan which were proposed by the trustees to
meet questions raised by the Commission have the approval of the
United trustee and the Utilities trustees and have been agreed to by;
the secured creditors and the interested parties who will relinquish or
make available shares of the Realization company.
The Commission's
opinion stated it was also informed that the plan so modified is ac¬
ceptable to the Bassett committee, representing holders of the Utilities
companv prior lien stock.
V
"'■■■.;////
The Commission's preliminary findings pointed out the advantages
of the modifications are self-evident.
The ability of the Utilities trus¬
them
:r(
Public
Service
Co.
common
to
the Realization
Plan
modified
as
.
holders
Midland
of
Marie
'
$100
5% #/■' series B, 'due
in certain cases.;
be deposited, or
bonds,
refunding mortgage
first
Co.
Ry.
Minneapolis, St. Paul & Sault Ste.
1,
exchanged
set forth above.
as
.
™://'/
/;;:////-/
'/
company.
in
stock
members
the
of
the rate of 2.06
committee
Net
ry,
oper.
Net
from
Net
ry.
—V.
26,520,258
6)868,724
3,931,340
/
9,668,659
30,186,132
8,663,150
income—
6.557,396
5,500,334
160,
35,090,077
railway
oper;
p.
;
22,916,441
6,399,696
...
RR.—Earnings1943
1Q42
$154,469
$120,401
$143,976
railway......
$134,728
-34,690
43,726
42,599
79,287
from
Net
income.!.
17,470
26,680
21,641
57,492
Net ry.
.
1,118.664
.1,223,228
353.828
515,499
273,786
railway.
from
Gross
oper.
from
railway™-.
Net
ry.
—V.
railway
suit brought against the O. P; Van
the company,' alleging financial "misconduct'"" 10
opened in; Common Pleas Court at Cleveland, 0.,";Sept, 215. •
George B, Harris, attorney for the Missouri" Pacific, afeked for an
accounting of transactions, a determination of the exact losses sus¬
tained by the railroad, and an order requiring the estate and executors
to pay that' sum.
j;:'
v.S''.' ' '■■
v..1 * "■•
;
The'' 'railroad ^petition
argued "'that
Individualdefendants were
"dummy directors'* at the .head of various companies allied with.'the
oper,
estate by
v
■
,
154,766.,,,
Incopre.-.
,948,867-.
,
361,836
,
175,927,
,
.
890,824
387,707
,235,241
O.
Van Sweringen
P.
interests.-r-V,
160, p. 1297.
Authorized-^ y
compariy.' to issue at par
Minneapolis & St. Louis Ry.—Notes
The
ICC
promissory
but
in
not
certain
—v.
on
..'Aug,'',
equipment
160,
p.'986.
26
authorized the
a
of,
..of
to be acquired under a conditional-sale agreement,
.'y
;■
*'
note for
payment
not exceeding $1.438.895-in fbrther evidence
of, the unpaid portion of the purchase price
Minneapolis, St. Paul & Sault Ste.
Marie Ry.
—
The
:
Ex¬
change of Securities—
The holders of bonciis^motefs,
and leased line stock certificated of
the railway company, otteef tHan Canadian Pacific Railway Company
have been 'notified by the reorganization committee as follows:
On Aug. 17, 1944, the
District Court .for the District of Min¬
ICC
Division,
Fourth
nesota,
entered
an
order vesting the debtor's prop¬
St. Paui & Sault Ste. Marie
incorporated pursuant to the plan of
RR., the reorganized
reorganization con¬
proceedings, and authorizing and directing other action-
erty in Minneapolis,
company
in
firmed
be
said
taken
to
consummate the plan
of reorganization.
a
on
portion-of a
about
point
Otoe
Is
be
exchange
1944.
agent
and
deposit
trustees beginning on or about
Oct. 19,
Sept.
16
2
Neb.—Abandonment—
permitting
certificate
a
The
Mobile
plan
Consolidated
and
Electric & Gas Co.,
was
a
.
.
would reclassify its common stock and issue
sell at competitive bidding $1,400,000 of new bonds and $600,000
the
plan, Mobile
It would use "the proceeds from these
outstanding bonds and preferred stock.
(par $100) new preferred
retire
Consolidated
its
Consolidated
of
into
owns
Mobile.
Gas
woulri
sell
competitive "bidding
outstanding bonds.
the outstanding 5,000 no-par value common
plan, these shares would be reclassi¬
value "in order to place
more marketable form."—V, 160, p. 834.
all
As part of the
100,000 shares of an unspecified par
the common
at
reclassified common stock and use the proceeds to-
acquire and retire its own
shares
stock.
and
Electric
Mobile Gas Service's
fied
subsidiary of the
filed Sept.' 26 with the Securities
1
/"
.
the corporation,
Exchange Commission/,
Under
and
(Ala.) Gas Service Corp.—.Plan Filed—v
for'reorganization of
stock in a
160,
Southmont for each
share of Montreal
-1 - //'
/-
14.
p.
the
given
statement
earnings
of, three
periods
and
//
/
' /.:
.
;■/// -/;;/-
in our issue of Sept. 18 (p. 1188)
nine months ended July 31 ana nut
.r"*/.,/,..::'///•/
160/ p. -1188.'
30.—V.
•
;
to 12 noon (EWT), Oct. 2.
and Exchange Commission
on Sept. 21 approved the
financing program of the company providing for the sale
competitive bidding of $31,500,000.3% 'first mortgage bonds, series A,
due 1974, and, the application of the proceeds and treasury cash to
the redemption of $31,732,000 3Va%
outstanding first mortgage bonds,
series A, due July 1, 1966, at lOS^.—V. 160, p. 1183.
Securities
proposed
at
Nashua Manufacturing
directors have
stock,
declared
Distributions
a
value,
par
no
25
of
Co.—60-Cent Common Div.—
dividend of 60 cents per share on the
payable
cents
Ocfc./(25 to
holders of record
each wereJ made on this issue on
1, this year.
In 1943, the following dividends
were paid;
Feb. 1, May l and Aug. 2, 25 cents each; and Oct. 30, $1.25.
The directors also declared a dividend of $2.45 per share on. the first
1, May 5 and Aug.
preferred stock, no par value, and ?the regular quarterly dividend- of
50 cents per share on the second preferred stock, no par value, both
So far this year, the com¬
has made ,the following payments on the first- preferred stock:
and Oct. 1, $1.65 each.—V. 159, p. 640.
payable Oct., 2 to holders of record Sept,. 23.
pany,
Jan.
2, $1.25; and April 1
Nashville Chattanooga & St. Louis
August
Net
from
Net
ry.
Net
from
Net
ry.
—V.
/
$1,584,261
1,314,964
1.028,835
422,226
railway.—
522,618
268,805
12,554,579
10,365,865
3,424,462
2,887,784
256,148
27,431,597
7,378,021
income.™
;
160, p. 987.
/
17,649,937
5,308,666
144,220
28,395,580
/»-;:
railway
oper.
1941
$2,624,302
628,984
Income—
oper.
'-
1942
$3,815,972
railway-
from
Ry.—Earnings
1943
$3,448,996
railway—_
From Jan. 1—,
.Gross
1944
.
from
Gross
,
2,620,741/
?
3,652,212
,
^.172,271
:
National Bearing Metals Corp.—Calls Stock—
J.
C.
of
issue
A
share of
one
Narragansett Electric Co.—Invitation for Proposals for
abandonment
branch line of railroad extending' from Talmage to a
miles north of Auburn, approximately 11.9 miles, in
Counties,-/Neb.—V.' 134,';.p." 1192.' ■'/ / '
, ( , : .
.
Arrangements for the exchange of securities and payment of cash
in consummation of the plan of reorganization have been made with
the approval of the Court, as follows: -*~
/
issued
.
Power Consolidated—To Pay
,a '
: '"/
:■(F. E.) Myers & Rro. Co.—Correction—
t
and Nemaha
sales to
Oct, 9, 1944, the exchange agent and deposit trustees
prepared to receive the several issues of the debtor's bonds.
expected that deliveries of new securities will be made by the
Beginning
will
It
;V ' IV
A.
Guy
"
to
.
Thompson,' trustee of the Missouri Pacific RR. Corp. in
Nebraska, of a portion of a branch line of railroad. extending from
Talmage to Crete, approximately 58.1 miles in Otoe/Johnson, Lan¬
caster, arid' Saline. Counties; Neb.,''effective D year from date/'
The Commision- denied the' application to' permit
abandonment of
by
/
,,,..
■■
160, p. 986.
Missouri Pacific RR. Corp. in
of
the basis
on
Feb.
jjears ago,
'V..,::
From Jan. 1—
Gross, from
Net
1941
1944
AUgllSt-—
or
The
Missouri Pacific RR.—Van Sweringen Suit—
v
Sweringen
/
/v—,/';. '
Light stock held.-^-V.
common
Hearing of a $3,000,000 recovery
Midland Valley
535,872
,
payment ordered since the company's properties were expropriated by
the Quebec Provincial Government on
April 15, 1944.
Up' to and
this year, the stock had been on a $1.50 annual dividend
basis, on April 30, 1944 the company also paid a dividend of 31 cents
per share in new capital stock
of Southmont Investment Co., Ltd.,
Oct/14.
..
641,894
502,781
.
inch April 30,
3,682,808
;
1081.
1,512,532
712,292 H
542,158
/ ." The director^ ten Sept/18 declared"^ dividend of 20 cents per share,
payable Oct, 31 to stockholders of record Sept. 30.' This is the first
The
$3,758,1-98
1,529,752
; 1,130,719
$3,906,685
1,230,229
722,266
railway—A-
from
Gross
422,328
income.™
From Jan. .1— ':■
principal amount
937,336
railway—
from
Net
shares for
1,770,541
...
770,136.
R. I., up
1941
$4,616,279
1,663,694
1,221,839
$4,475,371
m
X;:''
1942
1943
1944
"V1''
122,774
88,205
Purchase of $31,500,000 First Mortgage Bonds—
Proposals for the purchase as a whole of $31,500,000 first mortgage
bonds, series A, 3%, due 1974, will be received at the office of the
President of the company, 5th floor, 49 Westminster St., Providence,
,
to Date
Earnings for August and Year
railway.—
$246,385
Kenneth F.
"v
are:
Fred N. Oliver and Henry S. Mitchell.
from
Gross
-
,
834./
p.
Montreal Light, Heat &
■
covers
Co.
Railway
reorganization
1941
.
108,227
73,452-
,
1,917,429
2,036,348
railway
oper.
-tYv 160,
June
514'}<?'■
Central
Wisconsin
of
The
Burgess,
ry.
railway!™-™-./!./ 716,825.)
income/!™./ / 524,995/
from
surrender
may
receive
from
Gross
Gold Notes—Holders of the, '25-year
gold
the same to Bankers Trust Co., New York, and
exchange therefor certificates for shares of the common
Year
Twenty-five
notes
of debentures, and to holders of Midland
Utilities prior lien stock at the rate of one-half share for each share
of Midland Utilities
prior lien stock.
Without the modification re¬
quired by the Commission each prior lien share was to have received
only 3/10 of a share of new Realization company common; The change
was
made possible by several interested parties who agreed
to con¬
tribute enough shares to make up the difference.—V. 159, p. 1449.
each
,
1978, except as cash payments may be made
The first refunding mortgage bonds so received may.
July
distributed to public hold¬
basis as the Public Service
stock will also be distributed to
at
.
and will receive-in exchange therefor
August—^
Utilities
Co.)* may surrender the same
Wall St., New York, and will receive
for shares of preferred stock of
" '//./;// j'/-.'/-1
64
-81,268
77,674
.
1942
:$2.45,336
-
119,373
From Jan. 1—■
Dividend of 20 Cents—
leased line, stock
1943
$286,084
'
109,671;
railway
.
Net ry,. oper. income__„
at
Secured
render
.
exchangd,
or
Notes—Holders of the 6%
secured notes may sur¬
the same to Central Hanover Bank and Trust Co., New York,
<i%
claims of
Realization common
stock,
Indiana
debenture
Montreal,
therefor certificates
Wisconsin Central Railway Co.
Realization company common stock will be
ers of Midland preferred stock on
the same
of
of
as
Central Railway
(Wisconsin
Bank
so • long
the termination of the deposit agreement.';
exchange
from
from
Net
RR.—Earnings—
.k.
riV/.-/ 1944':
railway™™/:/ $232,200
August—
Net
effect
thereunder, and
bonds may be deposited
B
Montour
,
Gross
Net
to pay interest on
series. A- bonds may
deposited
series
and
time prior to
the
in
"'w- •/ :///
•
bonds
B
certificates
to
,
/
deposit agreement will continue rin
Pacific Railway Co. shall remain liable
series
-conditions of said
./.£/..I'/,v;v.;'
said
exchange,
any
terms and
entitled under the
:/"// /• ? /4 '•
;
/// 4'7r' Leased line Stock Certificates-—Holders of 4#
$15,635,000 are to be settled for
collateral is,to be returned to the
Midland United is to change its
preferred.
The
be
secured creditors exceeding
approximately $7,230,000 and the
bankrupt estates.
name to Midland Realization Co.,
recapitalize; on a one-stock .basis, and liquidate within one year.
It
will distribute common stock of Public Service Co. of Indiana to the
preferred stockholders of Midland United, one share for each share
of $3 dividend preferred and two shares for each share of $6 dividend
Under-the
agreement.
Laramie, Wyo.(, at a cost of approximately $335,000, resulting in an
.overall commitment, of approximately $4,640,000.-^-^147, p. 3615.
become
trustee,
the time ' tee
at
deposit
Canadian
to
Indiana
shall
anticipated when the plan was
was
deposit
said
.
the Realization company
furnish
to
sible
-
parties to said deposit agreement,
and receive eex-tiflea tes of deposit issued by said deposit trustee pur¬
suant to the provisions of said deposit agreement; or holders of said'
bonds may surrender the same', together with all'unmatured coupons,
if any; appertaining thereto, to' said - deposit; trustee for : cancellation
for all purposes, and receive in
exchange therefor the voting trust
/certificatee and ..Wisconsin Central bonds; (or certificates of-beneficial
interest therein), or distributable
securities and cash, to which they
With
5 the
approximately $3,000,000 more
proposed, thus making it pos¬
pay off the secured creditors much more rapidly, results prin¬
cipally from the recent sale of the Chicago, South Shore & South .Bend
RR.
The $3,000,000 will include a loan of $2,500,000 to the United
trustee and $500,000 in lieu of delivering 69,500 shares of Northern
tees
than
together
settlement
the
under
guarantor .of the interest on said bonds may deposit their bonds,
with all unmatured coupons', if any, appertaining thereto,
as
Huehen, Secretary, on Sept. 26, announced
outstanding 7%. cumulative preferred stock
1
that the. entire
$100)
(par
has
'been called for redemption as of Nov., 1/1944, at 115 and dividends.
Payment will be made at the St. Louis Union Trust Co., redemption
agent, 323 No. Broadway/St. Louis, Mo;—V. 160,• p. 1298. ."I
Natioiial Public Service Corp.—SEC Approves Bid—
The
NY
Oct.
and
2
bv
Co.'s bid
NJ
PA
Central Power &
of
$5,365,000 for 712,411 shares of Jersey
Light Co.'s common stock to .be sold at public auction
the New York Trust Co, has been approved by the Securities
Exchange Commission.
The
acquisition will secure for NY PA NJ all but directors' qualify¬
already holds one-third of Jersey Central's com¬
ing shares, because it
mon
stock.
The
issued
shares ( -were
by
National
pledged
Public
as
security for $20,000,000 of debentures
Service Corp., later declared bankrupt in
of Feb. 1, 1928, with the New York Trust
1932, under a trust debenture
Co.
as
trustee,(-W. 160, p. 987.
:
:r
1
to
4 ft
■
■
'
■
'
•
'
.
•,
.
.
THE COMMERCIAL & FINANCIAL CHRONICLE
1406
National Casket Co., Inc.
Years End. June 30-—
(& Subs,);
1941
$533,858
$446,186
457,056
342,792
$455,611
399,924
63,033
31,516
31,516
63.033
™_™™™-:;63,034
Earnings per share...™
$3.37
63,034
63,034
$0.73
63.034
profit
Shares
\ $612,738v
™—;
_™
dividends
dividends
Common
™Y
$2.12
;
'
$0.88
1943
$3,822,249
properties ™Y™_,™$3,544,978
—-.i™—-_%™~——-:3,322,594
Physical
receivable
Cash
™~Y™ .:.
Patent rights and
Total
2,252,830
1,600,355
Y—_~Y
Securities Y'-..---™™-Refund of excess profits
1,605,840
2,203,527
1,082,561
''Y1,311,050
.
—
.
•
™
Reserve
Total
63,034 shares common
National Refining Co.—To
after
and
Change Par—
The stockholders on Sept,. 19 approved all recommendations made by
the board in regard to changes in the various stocks which, will auto¬
transfer
tax.
exchanged Into a
capital would be
of the prior preferred and pre¬
Sale
and
case
sharefTo^^tanding' .will be 371,561 of
number of
maximum
preferred
prior
the
In
to $1.
from $20
the
ferred
$6
-YY.
.
number
reduced
,
1
499,127, shares of no par common would be
of shares of $1 par and. the stated
The
like
Federal1 stock
the. capital surplus and decrease the
increase
of
1,544
preferred. stock.
8%,
,v.
of Property—
to
160, p. 1189.
Ludlum Steel Corp. above.-
See Allegheny
Principally
For the week ended Sept.
.
'•■'
':yy
output for > the Sept. 22 week is reported
feet, a decrease of 410.000 cubic feet, or 0.36%
112,699,000 cubic feet in the corresponding week
year
.<■'■■■
ago.
1298,
p.
v."
" ■'
...
association
...
of
number
reports
•
Y".
.
/
/
a, year
Association—Output Off 0.48%—
New England Power
The
■
kilowatt hours available for its
23, 1944, as 64,567,484, compared
Sept. 25,-1943,'a decrease of 0.48%;
Comparable figure for the week ended Sept. 16, 1944, was 61,817,162,
decrease of 3.70% under the corresponding week last, year.—V. 160,
territory
week ended
the
for
Sept.
with 64,878,391 for the week ended
.
a
.' ■. Yv,.;Y" y'.y
;
'
August—
Gross from
Net
ry.
income--,
oper.
1941
$1,205,688
521,641
636,795
$999,'786
521,186
$487,980
255,163
126,583
141,797
119,777
100,998
.
from
tion
9,530,988
7,212,023
5,303,975
4,086,732
1,708,489
1,087,459
1,389,804
;
855,248.
New York Air Brake Co.—Renegotiation-—
^
The
has concluded renegotiations of
company
the war contracts for
a refund of $375,641 to the Government, before giv¬
the reduction in Federal income and excess profits taxes.
adjustments, the settlement; reduced sales by $375,161 to
cut taxes by $338,076; reduced the post-war refund credit
by $33,807"and cut the net profits for 1943 by $70,892 to a final figure
Of $922,808.—V. 160, p. 227.
/ V.
Yy;-' Y/Y/Yy
'Y'Y
New York Central
Total
•
result of the more adequate allowance in
revenues..™
oper.
♦Railway
64.46*2,053
expenses..™
oper.
Ry,
44,635,689
tax
accruals.
12,464,695
,1,282,516
Equip, & jt. facil. rents
;
'
income.
Total income
._™™Z
Misceli.
income
Cost
g
Inc.
;
,
avail,
78,053,579
1,569,184
12,866,896
Total
fixed
Federal
State
"
31—
"
•'
/
""
1944—8Mcs—1943
1944—Month—1943
•/.. ''•;
15,416,975
1,398,377
1,747,211
742,817
revenue™-_
and
accrued
^
•
*'
15,935,649 123,239,719 119,308,638
3,270,089
3,582,077
2,504,989
15,738,908
18,636,273
10,519,215
23,840,771.
26,161.878
17,448,448
unpaid
Niagara Hudson Power Corp.—Resignations—
Mr,
Schoellkopf will continue, however, as Chairman of the board of
Buffalo, Niagara & Eastern Power Corp., and as President of Niagara
Falls Power Co., western affiliates of
Niagara Hudson Power Corp,
resignations of Col. William Kelly/President of Buffalo, Niagara"
The
&
Eastern
Hudson
BNE,
meeting.
•
Power
Power
as
In
as
a
director
Hudson
letter
the
and Vice-President
also
to
board of
Niagara
at
the!
'. v.Y
Niagara Hudson,
Mr^
submitted
were
directors
of
Vice-President of
R. Gibson,
Norman
director
..
brief
a
Corp.,
Corp.,; and Dr,
Niagara
a
of
Schoellkopf referred to the Securities and Exchange Commission orders
of last June, which called for the reorganization of Buffalo,.Niagara
& Eastern Power Corp. under the Public Utility Holding Company Act.
of 1935.,
%',y'
■
•
■
'
•
,
Whatever
the form of
kopf, it must include
a
that reorganization according to Mr. Schoell¬
of the new common stock of Uie
distribution
western New York company between the $1.60 preferred stockholders
of
Buffalo,; Niagara & Eastern Power Corp. and Niagara Hudson
Power Corp., which owns all of the Buffalo, Niagara & Eastern class A
v
and
common;' stock.
Mr. Machold announced that the
Kelly
resignation of Mr, Schoellkopf, Col.'
Dr. Gibson would in no way affect- the relations now
between Niagara Hudson and Buffalo, Niagara & Eastern
Corporation,
He said; "All agreements between the Niagara
and
existing
Power
Hudson companies providing for the exchange of power and for ocher
reciprocal arrangements will be continued as in the past."—V. 160,
1082/.''
p.
v!-;:;V;-:yy;/:
Noblitt-Sparks Industries,
The New York Stock
Exchange
stock, par $5, be not quoted
all
ex
on Sept. 22 directed that the capital
the 25% stock dividend until Oct. 16;
delivered after
certificates
Oct.
change contracts made prior to Oct.
1941
1942.'
Ind.—Dividend Ruling—
and that all due-bills must be
The 25%
stock distribution had
2,
in settlement of Ex-*
1944,
16 must be accompanied
redeemed on Oct. 17. /
previously
been
by due"
declared
be
to
'
$
payable Oct. 16 to holders of record Oct. 2.
''
155,032,363 163,373,909
79,360,121
21,726,166
17,349,371
14,918,785
952,879
363,569
277,588
,
-A--..™™™™.
income
17,712,940
22,679,045
1,634,000
1,703,000
*14,329,000 ♦11,239,000
700,000
555,000
profits tax—™.
excess
income
46,126,984
62.437,488
1,534,468
13,257,037
12,858,804
59,384,021
.Net
tax^™™./---——
75,296,292
148,251
2,379,210
Net profit
57,004,811
74,330.472
3,864,892
31,554,675
Reserve
30,831,317
for
■
_
$4,284,940
$5,947,045
See V. 160, p. 1189.
Norfolk & Western RR.—Earnings—
August—
<
_™-u—A.
1,000,000
$4,641}171
378,375
2,000,000
$5.33
$4,947,045
324,875
Common dividends ™_—™„
2,000.000
Earnings per share
—$5.77
to
surplus—_
dividends
■
1943
1942 !
-
;
1941
railway-™, $14,821,727 $12,767,159 $12,005,847 $11 773.269
railway
7,221,374
5,857,946
5,484.905
6 383,304.
Net ry. oper, income—
1,937,251
2,279,144
1,632,344
3,148,035
15,196,373
from
"
2,988,000
From Jan. 1—
5,935,000
482,000
Gross
Net
from
from
■
railway-™- 107,629,258
$5,791,373
99,923,389
44,096,069
89,450,436
47,499,584
39,223,877
320,589
17,396,342
railway™™--
Net ry. oper. income
—V. 160, p. 988.
15,337,150
13,647,970
,446,429
Northern States Power Co.
$5,791,373
$5,641,171
1,000,000 .' ;■." 500,000
$5,947,045
contingencies
profit carried
Preferred
1944 '
from
Gross
856,243
Cr1,356,231.
Special income and charges—
*f
965,820
9,762,891.
™™™'™%™;%..™.4
profit
Net
charges....
•
94,278,906
work-
of
Total
11,664,738
9,911,142
7,238,945
3,689,315
■
•'
bills;
YiY--™™-- 176,758.529 180,723,280
__
Federal income tax and surtax-,
98,357,423
fixed
for'
its
on
Earle J. Machold, President, on Sept. 21 announced,
following a
meeting of the board of directors, that Paul A. Schoellkopf had re¬
signed as Chairman of the board and as a director of tnis corporation.
'
from
charges
i
determine,
to
>'/' '
■
real estate taxes on Old Colony and
Boston & Providence properties;
also accrued and unpaid charges
against said properties lor Boston Terminal Co.
taxes and bond
interest.
Net income is also after tixed charges on the present capital
structure, but including rents under rejected leases.—V. 160, p. 1298.
Net
15,692,580
354.176
the Court
'
7,593,121
_™_—
oper;
"Includes
that
'
Net operating profit
Other income and deductions-^.
64,709,978 483,764,390 468,567,904
39,071,540 346,716,931 295,808.255
8,376,674
independent judgment of its
an
of
.
1.513,968
deducts,
income
6,079,153
-
*Net income
•
Net ry. oper.
Other income
/-.v
oper. income-™
Inc. avail, for fxd. chgs.
renegotia¬
'YY/Y'Y.
1944—8 Mos—1943
1944—Month—1943
function
v"
■
Y.YY.YYYYYYT943'':
Railroad—Earnings—
^
Ry.
to exercise
the
was
Net ry.
■
.
(Including All Leased Lines)
'•
'-
'
•
'
Period End. Aug. 31-
it
whether the Housatonic bondholders suffered discrimina»
Earnings for August and Year to Date
1
Income Account for Calendar Years
Gross
.
that
Period End. Aug.
the "Liberty" ships delivered during the year by the 15 ship¬
producing vessels of this type.
This company is how engaged
$18,960,103;
,
abdica¬
an
'
the
After
behalf,
,tipn.-V'"v
end.
987.
p.
and
own
Department and the U. S. Maritime Commission.
160,
involves
the
own
building "C-2" and combat cargo ships under contracts and awards
calling for the last delivery by June 30, 1945.
The number of the company's employees declined during the year
1943 from 29,408 to 27,079 at the close of the year.
The employees
of the North Carolina Shipbuilding Co. numbered 15,271 at the year-
3,414,002
3,747,365
779,686
these decisions
the
District Court is required
ing effect to
-
—V.
■)
;
income—.
oper.
vi./'vv,;'■
bondholders."
duties of the court.
It was the District Court's opinion
subject-matter was one of Valuation and that it was "dutybound to accept" the finding of the Commission as long as it was
supported by "material" evidence.
The committee contends that the
'1943, resulting in
ry.
of
that
The decline in employment has continued for both companies
during *1944: with the result that the present working forces are Sub¬
stantially under those of 1943.
More/than 20^000 employees of the
two companies have entered the • armed services and the Merchant
Marine. The relations between'the employees and the managements of.
the company and its subsidiary continue to be harmonious and there
has been no interruption or curtailment of production.
Both com¬
panies continue to receive production merit awards from the Navy
from- railway
Net
:
8,640,561
railway-
Net
refunding, mortgage
and that its construction of
cases,
in
From Jan, 1—•
Gross
'
$4,947,045
$1,000,000
of
yards
$1,133,309
railway—-.
railway™™-.
from
Net
and
•
In its letter the protective committee also states that the District
Court erred in its interpretation of the
Milwaukee and Wesern Pacific
,
the work completed in 1943 the net operating profit increased
$4,377,000, or 25% over the operating profit for the year 1942/
hours
1942
*
of the secured bank claims .(which were secured by the pledge
of junior collateral); the proposed payment of the New Haven secured
6s of 1940, and the improvement in the treatment accorded the
ment
•
.
Y'v .Y yy.:,,.y.-'
RR.—Earnings—
1943
1944
;.,
'
■ -.
Orleans & Northeastern
New
.
■
.'.
1298.
p.
a
as
of
River-Portchester bonds which remain undisturbed, although
the Housatonic issue compares favorably, on the basis of both
earnings
and physical valuation.
Your committee believes that there has been
similar discrimination and violation of priorities in view of the pay-
junior
issuance of which has been
1943,
year
rightfully entitled to payment in cash or, as an
extension of the lien securing their bonds.
feels," states the letter,"that there has been &•
priorities in qonnection* with the treatment accorded -the-
Harlem
first
although the volume of production for 1943 was somewhat less than
that for 1942.
Approximately 75% of the increase in operating profit,
however/ was absorbed by increased provision for taxes for 1943,. which
totalled about 25% more than that of the preceding year.
During the year 1943 the company delivered three aircraft carriers,
the Yorktown, Intrepid-and Hornet, four light cruisers, the Birming¬
ham, Mobile, Biloxi and Houston, three tank landing ships, two dock
landing ships and performed a substantial amount Of ship repair work.
The company continues to build the larger types of fighting ships at
marked savings in costs and man-hours as compared with other ship-,
builders.
The period from keel-laying to delivery of the aircraft car¬
rier Franklin, turned over to the Navy early in 1944, was leas than 14
months.
Unless affected by cancellations, completion of the company's
present shipbuilding contracts and awards at approximately the present
level of production would extend into 1947.
/
<
.
The subsidiary, North Carolina Shipbuilding Co., completed its "Lib¬
erty" ship contracts by delivering 75 vessels during 1943.
These ships
were
constructed at the lowest cost and with the third-lowest man-
12,81%
week a
at 112,289,000 cubic
below production of
ago.—V. 160,
%■'Y
X ;Y. y'Y -.Y y.Y
Gas
the
for
are
an
committee
violation
on
about
this Association reports, electric output
22
10,763,954 kwh.
This is a decrease of 1,531,571 kwh., br
below production1 of 12,345,525 kwh. for the corresponding
of
report
by contract renegotiation, shows a net profit of
provision of $16,732,000 for taxes and a-provision of
comparable shipbuilding work done in 1942.
tion
Association—Output—
New England Gas & Electric
"Your
Y Y'' '/Y ''YYy/yY'.yYYY;
contingency/ reserve. This profit is equivalent, after preferred
dividends, to $5,78 per share on the outstanding common stock, as
compared with $5.33 per share earned in 1942. The net profit for the
year 1943 of the company's non-consolidated subsidiary, North Caro-r.
lina Shipbuilding Co.,, amounted to $1,528,408"after renegotiation of
contracts completed in that year; the subsidiary paid the parent com¬
pany a dividend in the amount of $749,825 in 1943.
The report of the parent company states that the company has
accepted, subject to the preparation and acceptance of a formal
renegotiation agreement, the'Navy Price Adjustment Board's deter¬
mination of excessive profits on the company's shipbuilding and other
work completed or substantially completed in 1943, involving a net
refund of $39,648,012 of excessive profits estimated to have accrued
to Dec. 31, 1943.
An additional refund of excessive profits of $4,316,000
on
work renegotiated will not be reflected in the accounts until suchprofits acci'ue in the year 1944.
A net provision to Dec. 31, 1943 of
$4,667,340 has also been, made for estimated refund of profits on ship¬
building contracts not renegotiated.
The report states that the; Board's
determination gave more adequate recognition to the excellence of the
company's performance than did its prior determination with respect
.
matically
a
Y
bondholders
alternative, to
the
to
$12,917,829 $12,642,944
shares preferred stock
stock.—V. 158, p. 1281.
fRepresented by 57,133
notes,
annual
delayed
.
5,791,946
-YY-Y™Y-™-™—• $13,644,690
tIncludes
The
$6,055,309
272,115
468,860
100,000
5,746,660
$6,055,308
326,211
494,363
250,000
tCapital stock
:
>
$6,055,308
payable ^_™-y~Y;™™'™'' ■ ;. - 296,726
for .taxes——1,100,928
Reserve for contingencies—™;
250,000
Surplus' 'YY-——--YYY™Y_:'
5,941,727
Accounts
the
has not been signed yet.—V.
Report—;."' \'Y Yy1. /'yVy- YY
Y':*.
■.
_
Newport News Shipbuilding & Dry Dock Co,—Annual
$12,917,829/$12,642,944
$ 13,644,69Q
"■ v-:
'Y
•
a
agreement between the D. L. & W. and the Morris & Essex RR.
158. p. 2584.
;
•YY ;.":,Y/Y Y) Y/Y;.
The
112.551
1,609~681
1,609~631
1,549,680
™;j™„L-™™.;Y?™_ Y
Liabilities—
1,048,733
Co.
tax™™-Y.Y/.' 63,200
trade-marks, etc.
$4,148,576
3,718,925
2,004,479
2,593,970
Inventory...
t Accounts
1942
1944
Y
voting against the plan. • In a letter to Housatonic bondholders,
protective. committee points out. that such disapproval will be
consistent with its appeal to the U. S. Circuit Court, scheduled to be
heard in mid>-October.
Ballots for voting will shortly be issued by
the^Jnterstate, Commerce Commission,
1
<
; Under the plan of reorganization approved by the District Court, itis proposed that each Housatonic bondholer receive, in exchange for
his present bond, a new first and
refunding fixed-interest obligation
of the reorganized New Haven
system.
The protective committee confends that this treatment is inequitable and discriminatory and that
the
W, management to
&
substantial amount of .outstanding stock from withholding
The merger can be either approved or rejected by D. L, & W.
present vote.
'
Stockholders of D. L. & W., are expected to meet sometime in De¬
cember tp vote oh the proposed consolidation with New York Lacka-v
Wanna.
At the same time they will act on proposals to merge two
other leased lines, viz.: The Valley RR. Co. and the Lackawanna RR.
of New Jersey.
The Interstate Commerce Commission earlier in Sep¬
tember approved the merger agreement with Lackawanna RR. of New
Jersey, and last April approved acquisition through stock ownership
of The Valley RR.
A fourth leased line agreement, that between the p. L. & W. and
Utica Chenango & Susquehanna Valley Ry. wM-eome up for hearing
before the ICG about the middle of October.
/ *Y Y'
r
•
prevent
Comparative Balance Sheet, June 30
''■Assets—'
by
realize
approval of the leased
under the
providing for taxes and depreciation.
♦After
necessary to
.
approval.
outstdg.
common
par)
(no
90% approval.
The provision for a 90%
holders was insisted upon by the D. L.
line
399,924
♦Net
Preferred
which does not
the
*
1942
amount to the remaining 9%
but
-Earnings-
1943
1944
Monday, October 2, 1944
^
responding week last year, an increase of 6.5%
$5,29l!373
400,000
2,000,000
$6>ll
;
(Del.)—Weekly Output—
Electric output of this company for the week ended Sept. 23, 1944,
totaled 42,467,000 kwh., as compared with 39.883,000 kwh., for the cor¬
To Pay
:
.•
■
%
Dividends On Account of Arrearages—
The directors on Sept. 22 declared a quarterly dividend of $1,31
share on the 7% cumul. preferred stock and a dividend of.$1.12»/»
per share ons the 6%> cumul. preferred stock, both payable Oct. 20 to
holders of record Sept. 30.
Like amounts were disbursed on Jan.
,
Net
after
inc.
♦After deducting post-war refund of $1,593,000 in 1943 and
000 in 1942.
v'•.
fixed
charges
3,549,630
5,897,999
25,450,136
43,498,655
46,196,277
66,990,920
Balance Sheet/Bee,
♦Includes
Fed.
and
inc.
•
profits taxes of
excess
-"
.:■/.■>
■
8.317,986
11,641,000
''
Assets—Cash in
Equipment Trust Certificates—
The
ICC on Aug. 30 authorized the company to assume obligation
liability in respect of not Exceeding $15,500,000 !%%• equipmentcertificates/to be issued; by the First National Bank, New York/
trustee, and sold at 99.5391% of par and accrued dividends in con¬
trust
nection
with
the
of
procurement
Thei report of the Commission
;
certain
equipment.
states
The
t
in
applicant invited 194 firms and
purchase of the certificates, the bidders
rate
of
dividends
In
annum.
ceived.
to
response
The
be
borne
thereto
thereby
3
bids
part:
institutiohs
the
the
representing ,39
to
bid
be
rate
a
parties
were
ments
per
re¬
Leroy
"
V. Porter, Vice President and Comptroller, has been elected
in charge of accounting and Edward A.,
Clancy, As¬
Comptroller becomes Comptroller.—V.
160,
p.
1082/
New York,
Merger—
The
Lackawanna & Western Ry.
—
Approves
special meeting held Sept; 27, approved the
agreement of merger of this company with and into the Delaware
Lackawanna
&
Western
RR.
system. ; It had previously been
apr
proved by the Interstate Commerce Commission.
Tha vote was 81783
shares for the merger and 240 against.
Under the merger agreement
unless
However,
of
of New
under
two-thirds
-
a
Lackawanna, is
90%
of
York
not
bound
to
Lackawanna
the law
consummate, the
stockholders
affirmative
vote
did
not include
stock
consolidation
approve
the merger can be completed
the leased line stockholders.
'
T*e
It
U.
S.
employees'
$5,858,613;
allot¬
payroll
war savings bonds, $511,937; accrued wages, $933,047;
vacations, $9G4,726; accrued incentive additional com¬
earned
New Vice-President—
■
stockholders, at
Delaware
$118,370,061.
for the year 1943, $918,381/ dividend payable Feb. 1, 1944"
$5 cumulative convertible preferred stock, $71,875; accrued taxes,
$33,858,076; reserve for additional and possible additional pfior years"
taxes, $2,557,969; refund payable to the U. S.'on renegotiated con¬
tracts, $39,648,012; provision for refund of estimated..excessive profits
on
contracts not renegotiated, $4,667,340; excess of billings on ship"
building contracts over expenditures and profits recorded thereon^
$3,303,530; miscellaneous provisions and accruals, $442,395; reserve for
contingencies, $2,500,000; $5 cumulative convertible preferred stock
80,000 shs., no par), $8,000,000; com, stock ($1 pari,- $3,500,000; earned
surplus, $12,943,429; treasury stock (22.500 shares of $5 cumulative
convertible preferred stcck acquired
during 1942 and 1943, at cost),
Z)r$2,249,269; total, $118,370,061.
President
sistant;
total,
on
Changes in Personnel—
Vice
$46,249,178;
pensation
best
1.97%.
for
accrued
of
approximately
hand,
on
Liabilities—Accounts, payable,
bid, 99.5391% of par and accrued dividends based
1%% per annum was made by Salomon Bros. & Hutzler
on behalf of itself and1
twq associates and has been accepted. On, this
basis the average annual cost of the
proceeds to the applicant wilt
on
and
at
$1,169,877;
for
being, required to name
in, multiples of Va of 1%
v''"%
81, 1943
marketable secur¬
cost, $702,562; employees' U. S. war savings bonds payroll
allotment fund, $511,937; U. S. war savings bonds purchased for sale
to
employees, $621,582;
accounts receivable, $16,689,645;
excess
of
expenditures on shipbuilding contracts and estimated profits recorded
thereon
over
billings
applicable
thereto, $26,803,127;
expenditures,
$3,331,920;
inventory of materials and supplies,
at average cost,
$4,366,722; estimated post-war refund of excess profits tax/ $2,881,000%
investments, $3,099,301;
fixed assets,
$11,943,210; deferred charges,
ities,
and
as
banks
$1,249,-
the
with agreement
represented 81%
of the outstanding
owned by D, L. & W., which was not
plan.
:
E.
J.
Robeson
ager,—V.
160,
New York*
Bondholders
With Plan—
•
Holders
has
p.
been
elected
Vice-President
New IlaVen
Urged
to
&
Their
RR.
consolidated
voted,
corded them in the plan of reorganization
indicate
Dissatisfaction
:
.
of; Housatonic
April
20 and July 20, this year.
Arrearages after payment of
July 20, 1944 dividends amounted to $7.43% on the 7% stock
to $6.3712 on the 6%? stock.—V. 160, p. 1298.
the
and
Northwest Airlines, Inc.—Mail Loads Gain
their
dissatisfaction
,
mortgage
with
the
5s,
1937,
treatment
"
are
ac¬
for the New Haven Railroad
—
mail loads during the month of August showed;
nearly 74.000 pounds over the July total, with 491,599
pounds carried last month, Croil Hunter, President and General Man¬
ager/announces,
The August figure represents a substantial gain
Northwest
an
increase
Airlanes'
of
Northwest planes, operating between
the Twin Cities, and the'Pacific Northwest, and into Winni¬
carried their mail loads 445,932,088 pound miles inAugust, .more than 53,000,000 pound miles more than in the previous
month.—V. 160. p. 1298.
■
' '
ovef the same month a year ago.
Chicago,
Canada,
peg,
.
v
•
■■'■■'
».•
:•■'
•:
Norwich
■.
•
v'•
.'■■,'
■
'
Pharmacal
Co.—Special Offering—A special
offering oi 15,000 shares Df common stock (par $2.50)
was made on the New York Stock Exchange Sept, 21 at
$13 per share with a commission of 40 cents, The of¬
fering was made by Hornbloweir, & Weeks and Merrill
Lynch, Pierce, Fenner & Beane/,»and was over sub¬
scribed in the elapsed time of five;-ffifnutes.
Bids were
received for 43,410 shares and allqtMits were made oh
a basis of 34.6%. There were 73 .purchases by 28
firms;
4,345 was the largest allotment, 35 the smallest.—V. 160,
p. 835.
/
'
■
\
.
RR.—Housatonic
Hartford
Indicate
being
to
Man-'
Personnel
20,
:
stock
urged
and
987.
per
■
NY PA NJ Utilities
.
Co.—Intercorporate Simplification
Program Filed With SEC'—
transactions designed to- simplify intercorporate relation¬
PA NJ Utilities Co. and two subsidiaries—Metro¬
Edison Co., Reading, Pa., and Staten Island (N, Y.) Edison'
Corp.,were filed Sept. 25 with the Securities- and Exchange Commission.
:
Proposed
ships
between. NY
politan
iVolume 160
The
plan
folio
7
designed .to enable Metropolitan to dispose of port¬
refund senior securities at a lower cost, the ap¬
investments
is also
•;
York
on
,
214%
.three-year unsecured
a
would
promissory note.
Of this, $9,-
,
These would be canceled.
In
the
for
return
!.
;
,
cash
and
preferred
Metropolitan
stocks,
•_
sell
7
Case—
open
;"7<y;:
1083.■''•//'/;/; / //v'//,/;•■/'
p.
The
of
Co.
its
interest
Ohio-Midland
in
appliance dealers -and retailers.
by some villages in the area served by OhioMidland and by Columbus & Southern Ohio Electric Co., alleged that
the purchasers intend, upon their obtaining the Ohio-Midland securi¬
filed
law of Ohio
and without the approval of the Public Utilities Commission of Ohio,
ties,
to
The
effect
reorganization
a
Commission
said the
contravention
in
situation
substantially different from that
7.—V. 160, p. 1298.
■'
Sept.
the
time of
the
••
Edison
Co.—$48,962,000 Bonds and Preferred
Offered—Morgan Stanley & Co. and associates of¬
Stock
Gross
Sept. 27 two issues of securities of the company,
consisting of $30,962,000 first mortgage bonds, 3% series
of 1944 due 1974 and 180,000 shares of 4.40% preferred
stock, cumulative (par $100). The bonds were offered
at 102 V2 and interest and the preferred stock at $103 per
accrued dividend from
Oct.
6,718,420
5,863,852
1,520,596
1,495,372
1,450,401
2,685,084
669,009
v
.
preferred stock
bid
associates
Co.
peting
on
bid
bid
a
bid
for
for
and
for
a
A
&
shares
certain
wealth,
of
the
bonds
will
of
stock
subsidiaries,
northern
approvals
and
concurrently
or
and
preferred
new
make
contributions
and
when
to
the
to
lying book value of which, at May,31,
to,
<b)
Ohio's
which
surrendered
were
cancelled
and
on
Preferred stock,
4.40%
$10,000,009
cumulative
(180,000
preferred
•:
shares to be-
.-7->/""
.
"Not limited except as set forth
in the mortgage.
to
as
so
the
reduce
'shares
1,795,847
share,
per
or
Pennsylvania
Pennsylvania
First
4%
series of
series
Preferred
pfd.
of
stock,
"■Not
by
limited
authorized
the
1936
due* Dec.
cumulative
(42,000
Undesignated
.Common stock
the
1936 ,due Dec.
shares
(no
as
(no
——.
set forth
indebtedness
agreement
par
value " of
- -
^
of merger
of
Authorized
1 *
In
100,000 shs.
100,000 shs.
500,000 shs.
the mortgage
Pennsylvania
is
as
103%% $45,610,575
-v/'7 • '■.7-7,
108%
8,993,040
;7v-/:'";7'7;' 77J'7?7v7';7'',;','-7 •-,*
197,585 shs. $110
$21,734,350
1,367 shs, $105
143,535
of 1,1937
10/30/44
1967
1,
_.
•—
110,000 shs.
except
that
at *$40,000,000
amended.
3,494,899
$3,461,748
160.
stock—
99,943
155,577
1,421,852
1,866,923
$107,594
$103,518
$1,502,287
$1,594,825
1298.
p.
Oklahoma City-Ada-Atoka
Gross
7
from
Net
from
Net
ry.
1942
26,457
31,424
$131,821
81,558
39,400
$28,574
81,617
1,074,428
1,002,213
811,382
189,607
597,834
547,212
457,419
234,352
208,691
204,505
railway—-
income—
railway—
from
Net
from railway
•
Net ry, oper. income.—
—V.. 160,
Oliver
convertible
Of
to
proceeds,
$1,505,625
Bend,
Balance
at
Battle
Ind,;
will
be
applied
one
Sub¬
13.
Creek,
Mich.,
and Charles
City, Iowa.
working capital for the development of
to
,'//7
products., / ..;' %■
of
rate
a
•
will be applied to payments at 100%%
promissory notes held by banks,
An
used to improve company's plants at-
$1,500,000 of outstanding
additional $4,500,000 will be
South
11,560
shares held on Oct.
will
of
new
stockholders
common
each eight common
expire Oct/25.
warrants
the
60,304
registered with the SEC 82,000 shares (pap $100)
preferred stock.
offered
be
preferred share for
v.r
•
Corp.—Registers With SEC—
The stock Is to
scription
3,166
988.
p.
cumulative
v
9,644
' /7:
7'-.
From Jan. 1— 7
Gross
1941
1943
$147,670
75,889
/ 1944
railway
oper.
Ry.—Earnings—
$141,172
7;
.
77,/'/-.':;
■.
Blyth & Co. is the principal underwriter.
Company, now known as Oliver Farm Equipment Co., intends to
change its name to Oliver Corp., and also absorb-the Cleveland Tractor
Co.
See also Oliver Farm Equipment Co. in V. 160, p. 1190.
Oslikosh B'Gosh, Inc., Oshkosh,
The
Wis.—Insurance—
7
clothes, has adopted a
g^roup insurance program which provides its employees with four-way
security in the form of life insurance, accident and health coverage,
and hospital expense and surgical operation benefits.
The plan is being. underwritten by the Metropolitan Life InsuranceCo.
on
a
cooperative basis whereby
the employees contribute fixed,
amounts and the employer bears the balance of the entire net cost.—
V.
manufacturers
corporation,
151,
3570,
p.
is
7/7//: 7'771-.:;7
.'7' -,7.;
Co.—New Financing—
Pacific Gas & Electric
It
work
of
reported
that
the
plans
company
enter
to
arrangement
an
with
Blyth & Co., Inc„ and associates for a refunding of approxi¬
$115,000,000 of first and reiunding series H 3%s, due 1961,
Blyth & Co., Inc., it is learned, has been forming a nationwide
investment banking group to handle distribution of the
The new securities probably will be ready for the
October
in November.—V.
early
or
160,
big new issues.
market late it!
331.
836,
pp.
Pacific
Indemnity
Co.—Earnings—
7
6 Months Ended June 30—
Net
premiums
Net
pet
Earnings
—V.
—4/—'
-
77 7
1944
—,7_——„
profit after taxes
1943
.
$6,755,783
752,021
836,444
$5.57
share,
Common
..
$7,684,299
'
7- $5.01
'
:/:77."; 7 /7' 77. -;r'
157. P. 820.
Pan American Airways Corp.—Traffic
10/30/44
10/30/44
series
series
The
World
American
Pan
Airways
System
Appointments—
has
of
pointments
Muhlfeld
S.
Roll
J.
assistant
as
the
announced
ap¬
Trade Counsellor 'and John E.
and General Traffic Man¬
Foreign
as
the
to
Vice-President
v./,'.■■•/;--y
■7777'7"-7,v '"7-'.'-'
77/:.// 7:v
''7'/r
Mr/Roll formerly was assistant to the Vice-President and General
Manager, with headquarters in New York,: and Mr. Muhlfeld
formerly wag General Traffic Manager for Pan American-Grace Air¬
ways in Lima, Peru.—V„ 160, p. 1299.
y
/ - , 7
/ r'
ager.
.
,
.
' 8,484,000 :=
preferred stock and bonds
of
accrued
interest
$76,481,500
,_J
on
deposit
to
or
be
dividends.
or
Parke, Davis & Co.—Special Offering—Smith, Barney
6
Co.
Sept. 26 made special offering on New York
of 20,000 shares of common stock (no
at $29% per share, with a special commission of
on
Loans—Ohio
banks.
proposes
to
borrow
an
are
ana
preferred
of
stock
set forth below:
each principal underwriter of the new
and the respective amounts underwritten
7, 7'
•
"
7/77!'7:.
Morgan
Stanley &
Co
—
——
•Blyth & Co., Inc.vL^b/l—
The First Boston Corporation--^-'—i—-
Shares
11,325
11,325
2,196,000
Goldman,' Sachs & .Co
;■ 2,196,000 ;
Harriman; Ripley & Co., Inc.-/.—--—2,196,000
.Kidder, Peabody & Co.—'
:
2,196,009
Kuhn, Loeb & Co.—
——
2,196,009
Lehman Brothers
2,196,000
.
——
Mellon
Securities
2,196,000
Corporation
Smith,' Barney & ,Co.__
& Co.Ji-—l~—i—
Eastman;-Dillon & Co.„—
/Drexel
—
—2,196,000
—
1,000,000
1,000,000
.CQ.—1,000,000
Lee
Higginson Corporation—;
1,00.0,000
/E. W. Clark, & Co.———.
7———700,000
Alex. Brown & Sons—-—-———*—
400,000
W.
E." Hutton-'&.
Securities Corporation————
400,000
Corporation————
, , 400,000Inc
——
400,000
Hawl'ey, Shepard. &, Co—-.————a—
400,000
Hayden, Miller7& Co
—;
400,000
McDonald & Company——,
——400,000
Merrill, Turben & Co
———/——400,000
Maynard H. Murch & Co——
———
400,000
The Wisconsin Company———.—
!—400,000
Newbard, Cook & Co.
——300,009.
11,325
11,325
11,325
11,325
11,325
11,325
11,325
11,325
5,150
5,150
8,225
- —
3,600
3,075
2,050
2,050
6,150
6,150
' 7,7
7-7
Van
M.
President
member
a
and
technical
Darsey,
and
the
of
service
board
of
Cornelius, who has become Chairman.
tary, and A.
C.
LaRowe, Manager of
.
have
Presidents.—V.
Vice
elected
been
director,
directors
been
elected
succeed
WillarcL
has
to
Robert W. Englehart, Secrethe Morenci,
Mich./, plants
160, p, 732.
(The) Paraffine Cos., Inc.—Income Account—
(Including
7
wholly owned
Sales,
Cost
1942'
$25,492,060 $23,062,554 $17,975,674
19,191,041
17,609,751
12,301,753
less freight, returns, etc
goods sold——
of
Gross
profit
Selling,
gen.
Miscell.
Profit;
A—A'1
Otheri-ihcome/-:--,/—-Ua.—
income
est.
for
——
Fed.
declared
Federal
$5,673,921
income
value
taxes
exc.
$5,452,804
2,901.237
2,955,777
38,125
122,948
$3,361,655
$2,374,078
$2,564,494
850,427
801,360
1,204,687
567,806
$3,175,438
567,740
28,000
"'1,600,673
7
25,828
"'941,789
100,000
t$2,015,603
and
I
Prov.
.
$4,212,083
admin, expenses—_
charges——'
&
1943
$6,301,019
——-
losses
<
subsidiaries)
1944
Years Ended June 30—
—
$1,540,081
153,020
642,830
10,242,747
9,596,888
3,034.481
.
,
.
74,947
$3,769,181
559,831
profits
'
tax
(6st.)
Federal
Prov.
Net
-
profits tax (est.)—_
for contingencies
excess
to
reserve
profit for year^_
Adjust, of Fed.
Payment under
taxes for prior yrs.
retire, annuity plan
for
past service
30,
annuity
1944
to
Total——
divs.
Cash
divs.
decl.
decl.
—-
on
on
pfd. stock_„—
common
S1.816.73C
June
—- —
Earned-surplus at beginning of year
Cash
892,615
500,001
stock
:
—
,
8,827,399
$11,615,520 $11,289:989 $10,644,130
95.216
95,216
95,216
1,190,032
952,026
952,026
3,075
'Folger; Nolan &-Co;,
/''7.'77;/(::\''':/: :'---*7
M,
Total
No. of.
$2,198,000
2,196,000
160, p. 667.
Parker Rust-Proof Co.—Changes in Personnel—
7
7"7
Prin. Amt.
of Bonds
■',/
.
V.
oversubscribed. There
through 55 firms. The largest trade1,000 shares and the smallest for five shares.—■
for
was
share. The offering was
a
152 purchases
were
aggregate of
Such bank loans are to be evidenced by
name
par)
70 cents
deposited
First of Michigan
"
$4,200,000
and
fixed
.
3,500,672
$2,924,139
Traffic
Equitable
;
1,850,000
.
and consolidation,
Outstanding
$6,455,000
.
*•
par)—
outstanding)
1
•—
par)
except
a
as follows:
1, 1961
1, 1961
required
Price
11/ 2/44 $43,962,000
1965-
1,
Sept.
Purchasers—The
tOhio proposes to
with
May 31,'44
.
/7<;','.777,'
; 7,.
|Co.—The funded debt, and capital stock of
Maj| 31, 1944 is
of
Mortgage Bonds—
3 V2 %
$5
an
Power
as
common
286,920
$259,095
•
$10,000,000
installment notes
payable bearing interest at the rate of 2y4% per annum: The names
and addresses of the respective banks amd the amounts to be borrowd
from each are as follows:
77 > '• > .V/77
7-:,".' 7
Chase National Bank, New York
$2,380,000
National City Bank of New York_i—
1,800,000
First National Bank; New York
1,200,000
Guaranty Trust Co,, New York..
r-—„
.1,100,000
Central Hanover Bank and Trust Co., New York
,
7
800,000
j. p. Morgan & Co., Inc., New York__—)
——800,000
New York Trust Co., New York——
700,000
National City Bank of Cleveland
500,000
First-Central Trust .Co.,-Akron, Ohio—180,000
Firestone Bank, Akron, Ohio
— .77
120,000
Dime Savings Bank Co., Akron, Ohio^—^-——100,000
Union National Bank of Youngstown,
(Ohio)-—100,000
First National Bank of Springfield,
(Ohio)^„7———180,000
Lagonda National Bank of Springfield, (Ohio)77—_
7 40,000
•;
aggregate of $14,499,200 to" ail
stock
aggregate of $14,366,776.
of
shares
f,
Stock, (no
Bank
•
of
into
aggregating $10,-
loans
with the trustee under the
mortgage available for the redemption of bonds amount of $723,432,
representing $44,975 proceeds of released property, $38,507 proceeds
of fire insuranc and $939,950 deposited or to be deposited as improve¬
ment and sinking fund payments due on or before May 1 and Nov.. 1,
1944, less $300,000- which is not available for the redemption of bonds
until five months after deposit.
,:./7
/,:■.7./7:
■ /■■.
96,555
$14,366,7^6, -crediting the amount of such reduction',
(namely, $132,424, to capital surplus, and so as to change the 1,436,920
>
Nov.
Exclusive
1,149,707
seated capital represented by the 1,436,920 shares
outstanding common- stock from an
$8
77C7.V7/
its
aggregate
of bank
proceeds
Date
'Series':
Funds
authorized
•of
the
Mtge. Bonds—
4%'■ • series-'j-
from
articles of incorporation to change- the 500,000 shares'of
pfd. stock (no par) into the same number of shares of
.preferred stock (par $100), which may be issued in series of equal
rank
having such dividend rates, dividend payment dates, amounts
payable 011 liquidation not in excess of $115 per ■ share, redemption
prices not in excess of '$115 per share, and conversion rights as the
board of. directors may from time to time determine: 1 Ohio has been
authorized
by the Public : Utilities' Commission
of Ohio, by order
dated Aug. 12, 1944,/to issue 180,000 shares of new preferred stock
(par
$100). JOhio proposes to amend its articles of incorporation
.amend
with
follows:
Total
7';'7;777
yv
.
288,458
$207,537
Stock Exchange
;77
7
•
$6,956,647
.
as
bonds
f
———i-L--
$6
"7.
10,000,000
1500,000 shs,
$6,424,811
—
August—
,r
$2,031,519
Pfd.
5 ''outstanding) 7A,18,000,000
3 Common stock
- -7
2,000,000 shs.
14,366,776
1
$1,294,128
due
debt ana
installments
semi-annual
,
$1,432,539
due
Effect to
funded
Co.—The
Edison
-V.
1,866,923
$1,466,828
4%:
Present Financing
^7.
capital stock of Ohio as of
May 31, 1944 Upon-completion of the present financing will be, as
follows:
';
7 ;/
/ •' 7'' :
7. - •
First Mortgage Bonds—
Authorized •• Outstanding
y3% % series of 1937 due Jan. 1 1972
*
$26,089,000
,
3 %-. series of 1944 due Sept.
1, 1974
•
30,962,000
Bank loans, 2%%, payable in 16 equal
,
;
Giving
Capitalization,
Ohio
1,866,923
Issue
''
31,
Dec.
$546,015
$3,898,442
$3,161,051
1,866,923
1st
/'; y/;;.:///
right to receive the cash cost to
its predecessor of 12,134 shares of
stock, $6.60, $7 and $7.20 series,
By
7
.
or
1943, amounting to
surrendering to Ohio for cancellation 1,162 shares
of Ohio's preferred stock, $6 series, at the cash cost
thereof to Commonwealth, amounting to__^,.^.^r„77
(c)
'
the
preferred
.
■
'
$4,516,521
giving up
Commonwealth
128,327
53,343
%/.
(.//V
,/■.
'•
*;•"■;?;?JB.;;'7,7■;7/,'.proposed/.■ ■
v-7:-'^ -v-'*;,"';.,7,>",■
-";:77:7';.".7
Retire. Outstanding
Redemption ""Funds ■
■-'■////'-'' V
1944, amounted
.
By
'
302,853
$3,299,462
Ohio
/■'" //;,/■".
■!:'■■. /r/7 '.r/'■/'" / %'/7;
By transferring to Ohio the 119,000 shares of common
stock (no par) of Pennsylvania (being all of the out■//'/'//■:'.
standing- common stock of said company), the under- A4 7:777:"
i,'
:
r>:/''!'7
Equity
7,419,243
$495,995
/„
deductions
pfd.
on
Balance;
plus approximately , $17,000,000 of treasury funds and funds
deposit or to be deposited with the trustee under the. mortgage,
will
be Used for the redemption of bonds, and preferred stock of
follows:.r;
<a)
.
152,761
36,069
38,19'8
1,588,754
pfd. stock
penses/ tqgether
the issue and delivery of the new
Commonwealth & Southern Corp.
common
stock
equity of Ohio as
with;
Stock,
302,853
■
108,623
000,009,
lawfully
can
% 302,853
:
$5
Stock
8,833,253
income
Divs.
on
the common
such plan has
distribution
such
Common
.
-
as
as
3,076,178
15,302
on
other
&
Net
$7,352,457
3,076,178
Purpose—The net proceeds, exclusive of accrued Interest aind divi¬
dends,; from the sale of the new bonds and the new preferred stock,
estimated to amount to $49,323,698 after deduction of estimated ex¬
77-7.
77' 7 /■ 7
Contributions
/;■•".
to,
well
547,563
mately
131,013
Balance
77';,'///j'/
as
disc.,
$6,656,774
3,076,178
:
302,853
to be
Ohio surrendered or
7,
/v//'
3,076,178
Net income ——$3,055,582
to
stock of Pennsylvania),
necessary
made.
Prior
plan
common
other
its
received
he
-
the
own
stocks
preferred
amended
7'"77
3,172,000
:
$6,748,918
$6,550,324
to constr. Cr
Divs.
change the capitalization of Common¬
Commonwealth proposes to distribute to its preferred and
stockholders all of the common stock of Ohio
(which will
common
then
of
cancellation,
for
the
^
.
(net)—
was
stock
Under
.
charges-
-
to
ensure
the preservation of economies now enjoyed
by Ohio and
Pennsylvania from the operation of their electric properties as an
Integrated, system,. Commonwealth proposes to transfer to Ohio all of
the common stock of Pennsylvania as a contribution to the common
surrendered
1,838,600
1,810,000
;- 7v7;-7:-77;7;;7',j;;5,517,609
7 ( ——;
Int./chgd.
equity of Ohio. Such transfer will be made prior to, or simul¬
taneously with, the issuance of the new bonds and new preferred
stock, at which time Commonwealth also proposes to contribute to
2,336,868
,
..
etc.
exp.
7
1,490,900
2,469,709
'';-n
3,079,400
■.
debt-
debt
of
prem.
3,000,000
2,377,858
.
■.
Misc. jntr.
Ownership—All of the common stock of Ohio Edison Co. is owned
by The Commonwealth,& Southern Corp. (Del.). Commonwealth also
owns
all of the common stock of Pennsylvania
Power Co. In order
Ohio
exc.
—
long-term
on
Amort,-'
/'//"■.../../
•;
Fed.
est.
income
Gross
Int.
com¬
4%%.-dividend
for
-
&
Freres
3s.
as
-7.
profits tax
;Special.-addition to cap.
surplus
and
Inc.
Co.,
Lazard
also
bonds,
inc. '.
Fed.
est.
660,000
2,509,383
——
•
the
and
3s
as
Stuart &
3s
as
the
lor the stock, naming, 101.80
by W. C. Langley & Co.
submitted
101.417
of
Haisey,
,;
bonds
the
100.7699
bid
a
on
100.717.
of
101.190571
associates
and
awarded
plant amort.7
taxes
taxes ;.v'
Prov.
2,708,112
660,000
* 2,449,212
v .77*:
578,400
2,751,342
depreciation-
for
for
Prov,-for
(
Co., Harriman Ripley & Co., Inc., Kidder, Peabody & Co., Lehman Brothers, Mellon Securities Corp.
and Smith, Barney & Co.
was
^
8,638,687
Blyth & Co., Inc., The First Boston Corp., Goldman,
issue
3,360,436
655,834
taxes
Gross income
1943
1942
1941
7i:_--_ $29,398,315 $28,243,125 $25,256,408 $23,652,178
1,585,183
Prov.
Sachs &
bond
Years Ended Dec. 31
12 Mos. End.
9,214,583
Prov.
Associated with Morgan Stanley & Co. in the offering
The
9,474,339
3,437,280
May 31, '44
revenues
General
niade after that date;.'
are
:77.;
(Ohio Edison Co.)
Maintenance
if delivery is
11
for
The corporation .has
Operation
fered
share and
,11,156,012
280,676
and
*
-■■■7;'V.%77;
Statement
Earnings
of
■
Period—
Ohio
Provision
/
I
7,':';7777
City.
Summary
•///;
■
.
Ellwood
-of
is not
its order of
by the petitions
presented
existing at
of
:
Co.—Pennsylvania Power Co. is a corporation
which was organized in. Pennsylvania May 31; 1930.
Pennsylvania is
engaged in the generation and purchase of electric' energy and its
distribution and sale in 113 communities, as well as in rural areas,
and in the'Sale of electric energy at wholesale to 4 municipalities,
in
western
Pennsylvania.
Pennsylvania's transmission lines inter¬
connect at a number Of points with those of Ohio, at the PennsylvaniaOhio state line, over which a substantial part of its electric energy
requirements are received. There is also an emergency interconnection
with the transmission lines of Duquesne Light Co. at a point south
■'
-//: 7
of other
number
a
Power
Pennsylvania
electric
rural
\
lines, of
the
Ohio Power Co., The. Ohio Public Service Co., The Dayton
Light Co. and The Marion-Reserve Power Co.
Ohio also
supplies steam heat in the business sections of Akron, Youngstown
and
Springfield.
Incident to its electric . business Ohio, subject to
limitations
due
to
the war,, sells appliances
and cooperates with
>7;
three
to
with
and
Power
/'V/:;/%:y 7'.
Ohio.
operating in
petitions,
930,657
289,322
deprec.
amortization
Ohio sells under contract
The
Co.,
The Securities and Exchange Commission has denied petitions for a
rehearing on its order entered Sept. 7, approving the sale by Associated
co-operatives
for
$2,304,911 $29,851,356 $27,210,664
986,324
to Pennsylvania Power Co.
systems including those of The Cleveland Electric Illuminating
electric
•..
Electric
divisions being interconnected.
lines- interconnect
transmission
Co.—SEC Refuses to Re-
///
Prov,
$2,427,475
——
expenses
the
certain
of the latter's electric energy requirements. The contract provides that
Ohio
shall provide Pennsylvania
with firm capacity up to 30,009
kilowatts and emergency or standby capacity to the extent of the
full
present capacity
of Pennsylvania's New Castle steamTelectric
plant.
The transmission systems of Ohio and Pennsylvania operate
in parallel so that electric energy can be supplied either way.
Ohio's
.
160,
revenue
Operating
Int,
\
r-. -
,
in
engaged
first two
the
•
Ohio^Midland Light & Power
1944—12 Mos.-t-1943
1944—Month—1943
Gross
its distribution and sale in 236" communities in Ohio,
at the Pennsylvania-Ohio state line
presently outstanding bonds and preferred stocks would have been re¬
tired except for $1,247,500 of York Haven Water & Power Co.'s gold
5% bonds, due 1951, which are non-callable.
///7
' *7
The Metropolitan
Edison Co. asked the Commission for permission
to sell its gas manufacturing, transmission and distributing facilities
in Northampton and Berks Counties, Pa., to the. Allentown-Bethlehem
Gas. Co. for a base price of $1,345,000 in cash,
The sale, it said, with
the already contracted sale of its gas properties in Lancaster, Pa., to
the Harrisburg Gas Co., would remove it entirely from the gas utility
field.—V.
•
generation and purchase of electric energy
as well as in
rural areas, jfsm in- the sale of electric energy at wholesale to munic¬
ipalities and oCher electric companies in Ohio.
For the purposes of
operation, the territory served is divided into three geographic divi¬
sions centering in
(i) Akron, (ii) Youngstown and (iii) Springfield,
is
Ohio
and
under competitive bidding $24,500,000 first mortgage bonds, due 1974, and 125,000 shares of new
i$100 par).;cumulative preferred stock to redeem before March 1, 1945,
$51,150,663 in eight of its securities issues.
Interest and dividends
would be paid out of general funds.
"
■■
At the completion of the retirement program,
all of Metropolitan's
issue< and
would
August 1930, all of the
Ohio River TrRnmission
in
purchase,
by
organization).
its
solidated
'.'.Metropolitan
acquired
Earnings for August and 12 Months Ended Aug. 31
corporation
,
NJ
PA
NY
to
Ohio
.
$15,778,500 of Mohawk Valley Co.'s-6% con¬
refunding gold, bonds, due 1981, and assumed by NY PA NJ.
Metropolitan would contribute to Staten Island 100,000 shares of Staten
Island's common .stock..
mri n/. V
transfer
a
assets of
Ohio
River Edison Co.
and The
Co. and,
as of September 1930, "all of the assets of The Mahoning County Light
Co.
(all of the capital stock of which had been owned by Ohio since
it
after
//
would
v
is
Northern Ohio Power and Light Co., The Ohio Edison Co., The
Akron Steam Heating Co. and The London Light 8t Power Co. There¬
paid
be
of
State
the
Co.
Edison
an agreement of consolidation under the
between Pennsylvania-Ohio Power & L|ght
by
1930
5,
Co,,
to Metropolitan.
Metropolitan would/also
receive from its parent 5,097 shares of its own $5 cumulative preferred
stock, 1,220 shares of its $6 preferred and 9,412 shares of $7 preferred.
049,900
of
laws
" ►' ■
■'• • ■*
;
NY PA NJ would borrow $9,500,000 from Guaranty Trust Co. of New
\
July
Co.—Ohio
Edison
BUSINESS—Ohio
organized
and
said.
plication
1407
THE COMMERCIAL Sc FINANCIAL CHRONICLE
Number 4321
-
8,225
3,075
6.150
,3.-075
1.500
Earned
Earnings
surplus at end of year
per
common
share—'
$10,330,272 $10,242,747
$4.03
$3.04
$9,596,886
$3.61
post-war refund of $77,811 in 1944 and $36,643 in 1943,
debt retirement credit of $100,000 in 1944 ancl $68,000 in 1943.
"■After
and
/'tAn agreement has been reached with a Price Adjustment Board of
the Government calling for a refund under -war contracts of $151,400
for
the
made
ending June 30, 1944, and provision therefor has been
profit and loss; the effect, after Federal taxes on income,
year
from
is
ment
subject to the approval of
is
ington, d. c.
■
Consolidated
Comparative
Sheet, June 80
Balance
|
1942
$701,645
1944
1943
$2,513,074
$3,271,672
' 400,000
y
*3,354,229
tirade
■
receivable:
accounts
and
Notes
' *3,088,145
of
52,308
4,714,578
accounts
and
of
7,241,083
92,033
87.281
28,298
31,737
31.282
1
owned foreign subsidiaryto whdlly owned foreign
Wholly
Advances
in
Investments
term receiv.
of
life of officer
on
(est.)
69,744
work
Patents
6,450,720
7,038,067
580,863
24,406
23,382
Total
44,807
,
1
;' i
144,572
250,320
231,902
$1,191,702
'258,444
payable, trade & miscell,
$1,194,888
commissions, etc.-—
182,392
preferred stock-^----- ; 23.804
tfEstimated Fed., taxes on income
132,000
Other taxes—u.,134,172
wages,
Dividend
4%
contingencies-
for
Reserve
stock
((Common
(no
par)
surplus
Earned
129,271
'
'\'Y' "v r.M.i"
'
.■
*~~m
$2,150,000
sented
in
243,000
218,451
i
.I- i. ... i
■'
income
PatintL Mines
The
in 1943 and $300,000 in 1942.
ttRepreshares in 1944 and 476,062 shares in
160, p. 732.
/'■.
Sept.
on
10
declared
22
s/y^Yvy;,^'
'YvY.:;
;
which
Inc.—75c.
;v
funds
the
at
of
rate
Oct. 3.'.
corporation
port
signed
27
$10,000,000
calls
which
planes
Sept.
on
for nearly
Co.
delivery
for
a
with
contract
v.
p.
160.
Financial and
of
of the sleek,
15
Operating Statistics
$738,686
210,552
Net
after taxes, :etc.__y-.._—112.905
Average number of planes in oper.
• ;
12.9
Revenue plane miles—
:
586,964
Revenue passenger miles
10,624,226
Flight operating factor-—
99.43%
Load factor—
—:
86.8%'
165,926
*114,684
11.4
7
517,654
308,712
9,275,551
99.74%
5,531,776
99.06%
f
:
.
$2,213,128
1,842,470
„
61,282
93,014
.
.
assets——.
Aug., 1943
$410,567
.
The
will
Total
current
assets
$623,513
...
capital—.
working
operation.—V.
in
above
of
this
988.
'
160,
issue
a
and
the transfer
closing , of
stock
said
will
liquidating
be
barrels
1,280
of
Inc.—V.
initial
the listing of 75,000
(no par) upon official notice
"■"
.-'V
preferred stock
160,
1299.
p.
stock,
cents
and
$3,458,552
999,300
$2,469,248
$2,459,252
160.
Oct.
payable
Vote
New
On
Co.—August Earnings—; '
Cost
income
Gross
$5,106,355
„
;
the
Profit
25
Other
to
$4,812,727 $38,404,792 $36, 561,775
3,972,676
621,855
244.597
217.859
228,570
1,806,246
trustee to the
redemption of general mortgage bonds, series C.
v
'
%.;
The Pittsburgh Cincinnati Chicago & St, Louis RR. Co. is inviting
bids for the
entire issue of $23,735,000. general
mortgage series E
bonds, to be dated Oct. 1, 1944; to mature Oct. l, 1975; to bear interest
at a rate (which must be a multiple of J/8 of 1% ) to be named by the
accepted bidder.
-y
3." *'■■ ;
:' %
VBids wil) be received at the company's office up to Oct. 10, 1944, at
1811 Broad Street Station Building, Philadelphia, Pa.—V. 160, p. 1083,
and
to be applied by the
are
546,670
3,437,468
351.831
2,054,182
2, 961,870
—V.
160, p. 836.
—i—
Ry.
oper.
Ry.
Fed.
Costs
and
25,034,000
17,848,926
274,388
234,687
———
$1,982,464
Profit
income;
Other
1942
1941
$27,290,742 $19,292,166 $16,822,735 $15,061,478
expenses—
Depreciation
•'
1943
1944
3 Mos. End. June 30—
Net sales —;
65,152
_
$1,208,553
C.
,
25,520
'
15,186,310
218,494
$1,417,931
;P;
13,604,624
oper.
rents
income-
$468,144
$502,536
$3,816,671
23.420
185,882
$2,047,616
income
Total
oper.
$493,114
$525,956
$4,002,553
$4,560,869
income
Total
income
Miscell.
——
deducts,
income
'
from
1,674
Excess
profits
Minority
$1,234,073
$1,419,573
1,549,403
1,040,812
144,426
for
$xed
$379,933
fixed
Net
$2,961,741
$381,530
3,393
$3,011,466
27,063
28.888
•3,883
charges
r
for post-war,
contingencies
prov.
"Includes
Fed.
—V. 160, p.
Div$.
Net
profit
*881,952
*400,000
344
680
927
244,205
250,000
Surplus
Earns,
;
——
dividends
$638,567
'{■. August—
and
inc,
$598,891-'
•
per
__—
sh.
$659,149
-
:
.110,338
110,338
Y
-
Y;
354 shs. com. stk.
$467,453
$365,015
$237,818
$496,079
(no
$1.31
from
from
ry.
$658,536
.
'$608,087
.
Y
"
"
$620,767
184,444
'
;
:
'
"Including surtax.
Consolidated
(Including changes
Balance
resulting from
Sheet,
June 30,
merger, with
$1.37
-•
1944
140,444
180,626
■
1,488,212
1,966,237
1,086,126
incomes-
,1,241,827
3,396,775
1,191,330
-979,349
4,170,069
1,418,347
1,103,963
4,868,308
railway
5,330,265
and
$5,172,412;
802;
payable to
been
Mr.
accrued salaries and waves, $131,769; accrued taxes, $268,accounts payable, $379,295; Federal income and excess
sundry
of
Brown
Brown,
had
on
Aug.
and
H.
tive
the
of
to
New Products—
accounts
payable,
.
Federal
$187,642;
and
State
profits taxes (less U. S. Treasury tax savings notes
$1,290,000), $17,000; property, capital stock, social security,-etc.,
taxes, $124,342; contract discounts, $99,244; salaries and wages, $67,*
791; reserves for depreciation, etc., $2,535,519; other reserves, $1,250,449;
capital stock
(par $5),
$2,548,670; paid-in surplus, $693,612;
surplus, $2,874,295; total,
$10,598,563.—Vy 160, p. 668.
:
1
:
(
Public Service Co. of Colorado—EarningsConsolidated Income Statement (Company and Consolidated
Y Y
'
:
Six Months Ended June 30, 1944
of
the
B.
Taxes
'•'
(other
than
and
income
State
of
has
over
death
24.
Sent.
committee
financial
been
elected
a
'
Secretary,
predicted
has been
the
that
to
peacetime
activities
developed
in
valuable
a
commercial
tion,
on
of
Mr,
Vice
during
President
the
oil
food
896,479
2,142,052
——i
;
—
47,495
,
—
$2,118,998
—
$2,222,351
103,352
—————
!—
—————————
funded debt^charges
884,667
—
expense—
97,768
—
42,849
—
——
$1,197,066
1 232,269
^
r
U~
applicable to-preferred stock——
—,
Y'
-
$964,767
Asks Stock PurchaseCompany has asked
it
to
Gas
Companv,
public
the Securities and Exchange Commission to per¬
4,000 shares of ($25 par) common sto^k in the
Co., Greelev. Col., at $28 a share.
The Home
purchase
Electric
<fc
recently recapitalized, is selling 16,000 shares to the
investment bankers.^—V. 160, p. 51.
which
through
Co.—Earnings—
Pullman
(Revenues and
Period End. July 31—
expenses
—~
Y
,
,
Y.
Auxiliary Operations)
1944—Month—1943
Sleeping Car Operations:
revenues
——$11,152,901
Total
V
Expenses of Car and
' '
1944—7 Mos.—1943
*
.
9,326,993
..
,
$9,681,610 $77,058,471
$66,175,297
7,289,028 ""63,033,576
48,101,824
after
search
made
the
for
from
make
and
war,
wartime
linseed
speedy re¬
told of several
a
substitutes.
oil.
revenue
$1,825,908
—
$2,392,582 $14,024,895 $18,073,472
Auxiliary Operations:
diPector.
a
will
resulted
One
from
Total
Total
$442,437
revenues
expenses
Net
revenue
——
——
$388,048
$3,021,046
$2,463,325
324,204
269,477
2,187,468
1,736,793
$118,233
$118,571
$833,578
,.*
application
of
Higgins said.
"So, in effect, a paint
solvent
fractionation
in
pgint
oil
and
Total net
will enter the post-war era making
paints," Mr. Higgins asserted.
company
plastics as well
as
Acquires Interest in Brazilian Concern—
Corning
Glass Works
above —V.
160,
p,
1192,
-
-■
$726,532
■
r
'
produc¬
Taxes
revenue—,—
accrued
$1,944,141
1,486,758
—
■
$2,511,152 $14,858,474 518,800,004
L960.526
■
,
Operating
See
tax
revenue—
income
Dividends
Net
"
elected
company
Mr.
food oils
.
profits taxes..—
excess
income
368,862
*:.+ *■■■■ 936,236
y.
Total
Counsel,
products
these,
taxes)..
income
Net income
January,
office.
General
Brown,
Higgins
conversion
new
in
sudden
the
tp
.
5,691,699
—
Higgins, President has been named Chairman of'the execu¬
Howard
Mr.
Wherrett
announced
company
committee.
B.
S.
Subsidiaries)
■ (
,
<
$12,201,820
operating revenues
—
Operating expenses
Maintenance and repairs-———u—.
Provision
for replacements------Gross
<
turned
who
attorney,
H.
post, owing
Chairman
tenure
Hazard,
board
former
13r
remained
Wherrett's
the
of
his
to
Chairman Re¬
Former
—
Philadelphia
75,
Chairman
recalled
Wherrett
y.
accounts payable,
M.
office
Leland
Van Camp Milk Co.)
bankers, $3,600,000;
excess
of
mit
1022.
p.
Clarence
the
$3,063,798;
Liabilities—Notes
YY'Y Y-Y'YYy':
Balance Sheet, June 30, 1044
on
Balance '
called—Other Changes—Develops
Mr.
United States Treasury bonds, at"1 cost,
$879,000; trade accounts and notes receivable (less reserve for doubt¬
ful items and discounts, $112,234), $6,896,019; miscellaneous accounts
receivable, $20,388; employees and agents accounts, $14,861;
inven¬
tories, $10,278,106; investments
and advances, $956,087; Sawyer and
Casco properties ( acquired in merger, stated at option price for which
sold at July 1, 1944), $350,000; capital assets (less reserve for depre¬
ciation
of
$10,478,388),
$10,592,770;
goodwill,
$1,261,368; deferred
charges to operations, $203,836;
total, $34,516,234.
Assets—Cash,
686,588
.
$80,000 in 1943.
$613,608;
Miscellaneous
$453,101
139,567
115,684
224,140
126,742
railway
oper.
160,
has
$0.79
$1,309,782
961.684;'
hand and demand deposits, $1,086,890; accounts
inventories, $525,345; U. S. Government securi¬
ties, $1,840,530; U. S. war bonds for issue, $5,739; cash on deposit
appropriated for post-war and other general contingencies, $675,000;
investments. United States Treasury bonds (at cost), $120,243; plant
and equipment, $4,075,757; leaseholds (leases, development, prospect¬
ing. etc.), $1,293,233; intangible assets, patent development, $77,825;
post-war refund of excess profits tax, $]£5,000; prepaid expenses and
other deferred items,' $129,394; total, $10,598,563.
; , k
vi ; l ' ' i
Assets—Cash
receivable.
Y ' Y19I4I '''
178,793
income---
From Jan. 1— ""
..
$1.07
$1,400,020
1944 and
in
$75,000
Amortization of debt discount and
~ '
' 1942
;1943
T944
railway
railway
oper.
Net
31,875
441,I
1,099,468
V,Y;;YY
1022.
Pittsburgh Plate Glass Co.
30.919
110,338
'
1,099,468
^.Aw^'Y Y'^',u:^..
.215,000
.
$5,149,468
$4,181,943
$606,417
60,775
—
on
$380,031
$506,272
$1,207,805
post-war credit of
Gross
from
Gross
—V.
110,339
—
$1,584,919
Interest on
Net
etc,
dividends.
Preferred
year,
capital'Stock-
on
"Less
Home
Common
for
operating
Other income
Pittsburgh & West Virginia Ry.—Earnings—
from
506,000
-—/
245,000
$2,982,578
$2,934,678
$377,647
$376,545
,u: excess profits taxes^y
ry.
373
'
and
ting.—
467,162
215,000
■
*730,000
*675,000
taxes-.
con
18,604
;;
566,477
V * 828,787
413,285
post-war
Net
Net
-•
y:;:Y 24,148
,526,617
profits
gen.,
Colorado
charges.-
Net
575,050
tax
interest
fixed
after
inc.
6.131
1,458
*220.000
155,559'
$2,010,548
$2,579,008
State
.
113,176
charges
$1,257,680
1,352
7,375
tax
$2,819,432
y
™
.
,
.
-
.
availj
Inc.
Total
$1,256,006
*576,250
—
income
Federal
$2,566,090
25,391
$3,031,536
_.
&
income
Net
164,775
accruals-
tax
Net ry.
Gross
.Interest
$1,977,189
Y
33,359
$4,396,094
24,970
expenses-,—
"Railway
200,848
1,643
16,030
$2,790,894
28,538
taxes
for
other
•
$3,027,440 $23,625,635 $23,594,433
2,181,406
18,813,448
16,588,386
863,831
5,313,075
6,720,329
Cr520,333 Cr4,317,559 Cr4,110,376
/YY;;-: YY,y
-
Fed.
exc.
Prov.
*
income
$3,072,903
2.410.113
747,334
Cr552,688
revenues
Equip. & jt. facil.
.
V-
$2,550,060
deductions
Federal
(& Subs.)—Earnings—
601,818
$3,006,145
Liabilities—Trade
Y
Pet Milk Co.
596,350
„
income
for
Prov.
1944—8 Mos.—1943
1944—Month—1943
Period End. Aug. 31—
4 536,933
594,480
income
$2,387,244
811,085
,
Pittsburgh & Lake Erie Railroad—Earnings—
1, 688,416
742,780
Net
$3,361,145
863,843
•
; •
4, 958,144
taxes-
taxes—
railway
operating
1942
$8,872,848
5,485,604
1943
.
income-
profits
excess
Net
7,522,032
oper.
income
Income
v:
from
Gross
;
of which
sale
1941 ,Y
$7,440,249
,
4.861,241
$10,011,827
6,650,683
exps—,
gen.
30
June
Ended
$3,869,989
prof, from sales
&
Selling
Dividend—;
will vote Oct. 27 on
authorizing the. issue of
general mortgage bonds, series E, the proceeds from
are to be deposited with
the trustee of the general
of
$23,735,000
Fed. & Canadian inc. &
Other
Y:
1944
saleS-i.A-----~
of
Gross
'"j.'The/stockholders
1944—8 Mos! —1943
194A—Month—1943
Years
-
Other
Pere Marquette Ry.
for
Domestic Subsidiaries) >':Y;Y
$11,392,021
Sales
meeting
Cincinnati, Chicago & St. Louis RR.—To
Bond Issue—Company Inviting Bids for
Sale of Issue—
!
Period End. Aug. 31—
Account
'YYYYYCYYY.:'
that on
1
...
1299.
p.
structures
(Including
earned
-V,
Company's interest in the* leases on the
is one-half.
This is in line with the
Kan,
Counties,
last-mentioned
'
$995,675
$3,799,630
1,330,382
Summers
income
2,462,877
$4,055,598
1,475,140
per
in
company's policy of attempting to develop additional natural resources
whenever reasonable opportunities are presented.
.-Y;
share has been declared on
holders of record Oct. 10.—
per
2121.
p.
has
agriculture
Board alloca*
tonnage the plant is
of all
in disposing
to
_
12'/a
of
production
Drilling has been started on another structure in McPherson County,
Kan., and will be started shortly on two other structures In Barton
its certificate of incorporation to change
from Pillsbury Flour Mills Co. to Pillsbury
to
company
dividend
common
159,
additional
The
seven,
..
the
done,
an indicated
potential production in excess of 500
day,
The- leases in this area aggregate a total of
which the interest of the company is one-quarter.
with
oil
of
acres,
three
Piper Aircraft Corp.—Initial Common
the
the
In
was
is
completed,
See also
distributions.
also advises the New York Stock Exchange,
the shareholders of the company, at a special
amendment
an
something
.
.
v.
industries,
war
put into effect that month.
The
output, with new records being
17 and
tonnage
of
out
problem
main
the
Exchange has authorized
cumulative
1944,
12,
name
months
Income
Stock
York
$4
of
An
and
unless
Petroleum Corp, for the exploration of four new oil structures in
the State of Kansas.
The first well on one of these structures, located
in the northeast Galva area, McPherson County, Kan,, has. just been
.
the
that
Bay
Mills, Inc.—Listing of $4 Cumulative Pre¬
company
Mills,
to
that of advantageous distribution, W'hich is being well
handled by the sales organization.
Company continued to maintain
its position in the industry, and supplied 43.5% of all 60% muriate
taken by agriculture.
.v'>
<:v.
The company has recently entered into operating agreements with
Stockholders—
corporation,
issuance,.. '/.'■■
The
the
due
year,
helpful in the war program and most acceptable
industry.
Potash compounds continued under War Production
producing
1
-
85.8%
85.9%
$1,929,979
1,869,651
$2,580,458
*
liabilities—————
current
Net
$730,754
the
on
therefor
'"■« %■".
exchange
New
shares
v
Total
.$654,145
permanent
the
of
stock
mortgage of the company
.
$619,864
operating revenue————Operating profit
Cash
high-speed
• V;V 'V7-
July, 1944
Aug., 1944
Month of
Total
current
252,816
New York Curb Exchange, prior to
further, announcement
will be made by the Exchange.
Pillsbury
Sept.
essential
obvious
by it Dec.
increase in
an
five
ferred .Stock—
Douglas
the
worth of the super 4-engine trans-:
DC-4's within several months after peace.- :■ /
Other
259,110
s
dealing
Pittsburgh,
This
t
-(Included
taxes.
notice
o£
corporation
in
Payment will be
cents per
75
Airlines Corp.—Signs Contract
Pennsylvania-Central
Aircraft
,
YYyyYyYv''
share, subject to
obtaining the customary license.
A similar distribution was made on
April 15 and June 30, this year.
Payments of $1 each were made
last year on March 15, June 25, Oct. 15 and Dec. 30.—V. 160, p. 668.
S.
U.
in
common
from
time
receive
of
to other
and
became
it
approved
was
in
made
notice to its stockholders of record
Sept. 30 at a later date with respect to the date on and after which
certificates for its common, stock are required o be surrendered to
dividend of 3s. 9d. per share,
a
record
of
stockholders
to
Consolidated,
Enterprises
&
'
directors
in
made
#
■
'■
$676,814
divs,__
above
the
for
adopted
Dividend—,
for
receipt
Upon
onr
no
1942.—V.
payable .Oct.
-
•••
"
suspended
-
preceding
,
1943
Board,
result
60,864
'
t
(or deprec.)
avail
books
■
the
over
'
.
,
increase
an
and also to Federal tax provisions giving recog¬
depletion of ore reserves due to such increased
been
—
870.
The
showed
and
$1,214,467
—552,382
Crl4,729
tax
'1 *
deducts.
Phoenix Securities Corp.—To Notify
9,596,887
$890,000
1944,
in
and
1943
607,531
"Included
10,666,170
■"
scheduled production could not be maintained, in spite of
rising overtime. An agreement upon a production incentive plan was
made
with
the Union representatives, submitted to
the War Labor
V
p.
'"r
'',
company's
$285,000
476,013
by
$1,763,175
541,214
96,749
oth.
&
Bal.
50,000
299,364
500,000
2,380,400
1
.Ml.
$812,049
208,114
.23,804
1,131,000
in 1943.
tAfter reserves of $231,448 in
1944, $274,249 in 1943 and $313,510 in 1942.
tAfter reserves of $486
in
1944, $6,070
in
1943
and $12,000 in 1942.
§After reserves of
$21,038 in 1944, $65,147 in 1943 and $76,911 in 1942.
UAfter reserves
for depreciation of $6,889,979 in 1944, $6,436,562 in 1943 and $5,828,319
in
1942.
ttAfter
deducting U.
S.
Treasury notes—tax
series of
and
1944
$1,870,827
553,708
Crl3,344
earnings
charges
Retir. exps.
approximately $800,-
"Including agencies of the U. S. Government of
in
$1,194,509
Net
$26,224,295 $26,726,872 $25,789,934
Total
000
132,230
Amort.
>122,146
.
<
(par $100)
stk.
pfd
conv.
cum.
682,000
150,000
'- 141,663
430,195
- 410,670
600,000,
600,000
2,380.400—2,380,400
10,666,170 10,666,170
10,330,272
10,242,747
insurance—
etc.
for product guarantees,
Reserve
23,804'A
on
for compensation
Res.
95,605
726,871
tion,
Accounts
Accrued
484,1631
Interest
'
of the.'Stock-,
YY':;r '''Y.Y'Y'
special meeting
a
.
the services
to
570,616
Federal
$26,224,295 $26,726,872 $25,789,934
—.———
Liabilities—.
the Certificate of incorporation to increase
shares (par $5( to 1,200,000
on behalf of the war effort.
•
%
production was obtained in spite of a decrease in the total
employees in Carlsbad, and the continuing loss of skilled
of
of
■1,084,755/
$2,784,502
818,070
$2,622,276
1,134,661
———^—4
Taxes
60,409
.
1
Prepaid expenses and defer, charges
.
men
fall
$2,919,745
53,386
'
,—f—-
——,
$2,763,427
1944
19.;
accelerated
to
number
1941
——
(incl,
580,863
15,169
progress-—__
amortization)
(less
Goodwill
in
31—
Increase
Colo.—To
Denver,
will be voted upbiV^t
greater production
maint.)—
revenues
Oper.
36,643
5,863.506
and equip.—
tIBuildings, machinery
12 Mos. End. Aug.
Gross
!
160,
capital stock from 560,000
income
Net
Greater
1942
and
Co.—V.
Report—The annual report for the fiscal year
June 30, 1944, affords the following:
production
1943
Gas Co,
&
.■-
amendment/to
$5)
Oct.
ended
Co.—Earnings-
Suburban Water
Electric
Consolidated
Annual
nition
Philadelphia
the sale of
for a cash
amount of $38,849 for the net current
America,
Y','
•
(par
holders
issuance of the bonds which contemplated the sale of
to the competitive bidding provisions of Rule U-50.
the application will be held Oct;:2.—V. 160, p. 1299.5
the
to
of
Co.
authorized
a
232,364
114,454
———
Construction
'the
'shares
A hearing on
94,768
236,839
240,668
profits
excess
Potash
A proposed
the form of
spect
Co.
step in the integration plan of Electric & Gas
Stock—.
'
134,940
548,991
taX
of
■■
,
approved
has
the New Hampshire Gas
to
668.
p.
mortgage bonds, 2% % series due 1974.- The application iis
an amendment to the company's original filing with re¬
refunding
insurance
—
of
refund
581,980
581,980
;
long-
and
etc.,
—y————
value
surrender
Post-war
less
cos.
581,980
securities,
gSundry
of
stocks
Y",
Approved—
Commission
Exchange
company
of April 30, 1944.
is a subsidiary
as
another
the bonds pursuant
owned
than 50%
■
and
the
Portsmouth
is
filed with the SEC an application requesting an ex¬
the' competitive bidding requirements of Rule U-50 in
the issuance and sale by it of $65,000,000 first and refunding
bonds, 2%% series due 1967, and $65,000,000 of. first and
mortgage
in
subsidiary
Cash
7,241,083
7,241,083
,96, 712
Products, -IncY-.*——y
;%
of
an
assets
Seeks Exemption from
—
assets
consideration of $160,000 plus
from
regard to
owned:
50%
Fibreboard
the
has
Company
emption
over
cos.
Co.
Competitive Bidding Rule—
26,430
20,448
38,430
■——————.
stocks
in
Electric
Philadelphia
Securities
The
$289,948; minority interest, in
I
47,629
" 3,987,040
/
to
advances
employees
Investments
50,388
4,400,49.6
(Sundry ' ———
Inventories;
Expense
w
.
■.
————
——_
,
1,100,000
securities
Govt,
S.
(less
reserves
reserve,
4,066,264
Assets—
U.
insurance
Monday, October 2, 1944
Portsmouth Gas Co.—Sale
U. S. Treasury notes, tax Series C, $428,143),
for post-war and other contingencies, $500,000;
subsidiary companies,
$1 797; 4(4%
cumul. pfd. stock (par $100, $2,820,000; 4V4 % cumul.
2d* pfd. stock (par $100),. $2,750,000; 4(4%' cumul. 2d pfd. stock
(reserved as per agreement of merger with Van Camp Milk Co.),
$150,000; common stock (450,000 shs. no par), $7,912,817; common stock
in treasury
(8,646 shs.), Dr$144,283; capital surplus, $56,400; earned
surplus, $8,050,411; total, $34,516,234,—V. 160, p. 732.
$2,546,866;
1
,
taxes
profits
approximately'$39,000' The agree¬
governmental authorities at Wash¬
by
reduce income for the year
to
FINANCIAL CHRONICLE
THE COMMERCIAL &
1408
—V.-160,
p.
Income
—
; $457,383
-4
■,
$550,626
11,243,560
!
.
1192.
(Continued
on
page
.
.
$3,614,913
1442)
15,416,111
b
'
$3,383 893
1409
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4321
Volume 160
ii
Stock and Bond Sales
DAILY
New York Stock Exchange
«»
WEEKLY
-
dlerefarded In the day's range, unless they are the
NOTICE—Cash and deferred delivery
YEARLY
-
only transaction! of the day. No account la taken
of such sales In computing the range for the year.
nn
Securities
United States Government
Below
we
furnish
daily record of the
a
the current week.
Stock Exchange during
Sept. 23
Prices
Daily Record of U. 8. Bond
Sept. 25
2%s, June, 1964-1969
:
,
Total sales In
2%s, Dec., 1964-1969
Total sales
104.8
sales In $1,000
104.8
104.8
100.12
100.10
''
V
Total sales in $1,000 units
\ Low
(close
2%s, 1951-53
Low
sales iu $1,000
Total
(Hign
Low
units
2%s, 1952-55
Total sales In
$1,000 units
.
$1,000 units
(High
[High
$1,000 units
■{
Total sales In
1
$1,000 units
—
;
(High
r
Total sales in $1,000
Total sales in
$1,000 units
units
(High
( High
\ Low
1947
2s,
[Close
i Low
2%S, 1945-47
[Close
Total sales In $1,000 units
sales In $1,000 units
,
Total sales In
-
[Clpse
106.3
( Low
1951-54
\ Low
2s, Dec. 1948-50
10S.3
f High
Total
106.3
(Close
sales In
$1,000 units
High
1
units
Low
8s, June, 1949-51
Close
(High
\ Low
[Close,
2%s, 1956-59
.-.v.:;
Total sales in $1,000
$1,000 units
[High
$1,000 units
Total sales in $1,000
low
Close
Low
Close
Total sales In
.
1948-50
2s, March
High
' High
'
.
2%S, 1948-51
2%s,
{
[Close
Close
Total
(High
Low
>
1956-59
2%s
Low
27/as, 1955-60
Low
[close
110.9
[Close
sales In
2%s, 1954-56—
110.9
\ Low
3s, 1951-55
Total sales in $1,000 units————
| High
units—
[Close
(High
In $1,000 units
Total sales
\ Low
—
[ Hign
[Close
•vV. -V-:
'
(Hign
Total sales In
1 Low
214s, 1960-65
High
1
High
1
[High
-J Low
*2s, 1951-1953———
100.25
100.25
[Close
] low
100.25
Total sales in $1,000 units—
2MiS, 1949-53
Total sales in
106.14
(High
J Low
[Close
5
$1,000 units.
(High
106.14
2
\
1951-55
23.
106.14
Total sales in $1,000 units
,
sales in
$1,000 units
fHigh
rmgh
Total sales in $1,000 units—
Total sales in $1,000
units
I High
[Close
Total sales
In
$1,000 units—
[High
f High
1948
1%S
i Low
[Close
Total
units
f High
Home
f Low
(Close
sales
Owners
In
$1,000 units
Loan
j Low
2%s, 1962-67
~
•{ Low
1953-55
2s
units
IM»s, 1956-58
[High'
{ Low
(Close
iy2S, 1945-1947
Total sales in $1,000 units
[Close
(High
2Mi8,
Total sales
i Low
1963-1968
(Close
Total sales in $1,000
100.17
1
1
f High
] Low
[Close
1952-54
100.17
100.18
100.18
1952-1954
2s,
100.17
100.18
Low
[Close
i Low
[Close
Vis, 1950-52
I^ow
(close
,
Total
:
Total sales In $1,000
101.10
Close
1948
Total sales In $1,000
101.10
Total sales In $1,000 units..:
(High
[Close
2 Mi a,
101.10
Low
1950-1952
Sept.,
2s,
$1,000 units
>;-•••
2
101.20
Total sales in $1,000 units
Close
ay,s,
101.20
Low
■
Total sales In
101.20
4 Low
(Close
1950-1952
March,
2s,
Total sales In $1,000 units
1945
$1,000 units
f High
(Close
2V4S,
-a,—
] Low
[Close
Dec.,1 1949-1951
2s,
units
4
Low
t
1949-1951
Sept.,
2s,
2%s, 1958-63
Total sales In $1,000
<
Low
■
Close
[Close
.
1
r
[High
110.9
Total
100.16
100.16
:::
High
'
1946-48
Total sales In
100.16
Low
(close
*25
1
5
25
$1,000 units
$1,000 units
Total sales in
3s,
100.10
104.5
Close
'
j Low
sales in
100.10
2yas, 1967-72
High
•
4
100.12
100.12
[High
104.5
1
units
3%s, 1949-52.
100.6
—
104.5
104.8
Close
104.8
104.8
Low
■
Low
$1,000 units
1965-70
Total
(High
3%s, 1946-49.
Total
\
100.6
[Close
2%s
units
-
.7
In
Low ■
■
Close
'
1
100.6
[High
High
Total sales in $1,000
100.6
[Close
(Close
units
3%a, 1946-56
100.6
—100.6
...
| Low
Total sales In $1,000
Sept. 29
'
—-
(High
f Hign
4a, 1944-54
Sept. 28
Sept. 27
$1,000 units
units-—
,
Sept, 26
(High
{ Low
(Closs
Treasury
Close
Total sales in $1,000
Sept. 25
Sept. 23
Prices
U. S. Bond
Record of
Daily
Sept. 2.')
Sept. 28
Sept. 27
Sept. 2C
Low
4%b, 1947-52.
Federal Farm Mortgage Corporation coupon bonds on the New York
32d of a point.
Figures after decimal point represent one or more
High
Treasury
the New York Stock Exchange
on
transactions in Treasury, Home Owners' Loan and
lot
♦Odd
in
$1,000 units
JTransaction of registered
sales.
bond.
units
NEW YORK STOCK RECORD
-■
$
$
per share
per
6112
61%
6114
*11012
111 Va
85
*5414
9
9
8
share
61%
*110% 111%
*54%
57
9%
■»
.
8%
57
9
61
61
6014
60%
6i y4
6114
1114
1114
11%
11%
11%
11%
*29
30
*29
*22;Ji
22%
23
40 >4
40%
40%
*87
93
*85
'
6*4
•
6%
•
''
26%
27
28%
1414
14%
14%
150 La
150%
151%
29 3 4
For
29%
30
.
3014
footnotes see page
*51
26%
*8114
85
*14
16
29
51%
26%
*150
16
29%
*51%
1419.
14 y4
150
:
*16
29%
85
14%
151
17
30%
26%
*81%
14%
149%
al6
30
7,200
61%
■<
11%
61%
700
11%
61%
11%
2,500
2314
40
41%,
;
3,800
92
'
20
*89
6%
,
;
614
152%
*149%
152%
*149%
2%
2%
2%
2%
29%
2814
29%
28%
29
52
51
51
51%
4,900
152%
2%
52
26%
85
14%
150
16
30%
-
-
26%
*81%
14%
*147%
Reduction
Alabama
Alaska
&
Corp
83
60
•-
*14%
14%
148%
14%
14814
*15%
31%
17
31%
■
1,200
700
500
6,900
Allied Kid Co
Allied Mills Co Tnc
Jan
52
Sep
July
3
64% July 17
41 %
Jan
57% Sep
13% July 12
31% Jun 16
7%
Jan
13
31
25%
Feb
32% July
19% Jan
6
14% Jan
21% Mar
—
_No
37 y« May 18
43
Jan
48%
13
93
July 15
Sep
6
38%
Jan
67
Jan
76%
Sep
5% Apr
18
.7% July 13
3%
Jan
7%
Apr
Jan
128%
Dec
Jan
32%
par
-100
10
Min__
53
75
100
124
1
2
100
preferred-No par
_No par
100
1
Allen Industries Inc
&
115%
35%
3
27
Corp—
Chemical
63 % Mar
Jan
Alghny Lud Stl Corp
Alleg & West Ry 6% gtd
Allied
Nov
108
Highest
t per share
26% Jan
$2.50 prior conv
3,100
7
Jan
10% Jan
514% pf A with $30 war—
81%
149
Allegheny
12
July
9% Aug
51%
.„—10
,
Inc
Gold
Jun
23
_1
.No
Vicksburg Ry—
Juneau
47
1 per share
Par
——25
Express
Corp__
2,100
26%
30%
60
8
8,600
y8
81%
17
114
24
Albany & Susquehanna RR..•
9,500
26%
32
17
Jan
8Vb Aug
'
26%
*15%
Air
109% Jan
—2.50
Co
Steel Co
Adams
Address-Mutigr
*23
89
89
Acme
Motors
800
31
40%.
x39%
ACF-Brill
100
*29%
23
23
_100
-No par
-
Adams-Millis
31
*29%
6%
214
•'
9
64% Jun
52% Feb
preferred—
4%
21
1 per share
_No par
Abbott Laboratories
Lowest
Highest
t per share
Par
Abraham & Straus
6%
*149%
.'
10
57
8%
Lowest
EXCHANGE
"
9
11%
88
2%
52
16
40%
152%
29%
*1518
4014
*86
2%
51
*8114
40%
88
*1497«
28%
85
40%
2%
51
8%
2,000
63
111%
*54%
<•
57
61%
23%
152 %
*149%
28%
*81 %
*23
6%
28 Lt
a
23
6%
214
26 3
31
6%
149%
26 5 «
*29'%
*109
111%'
*54%
11%
62%
62%
61%
*110
8%
62
614
21«
*50%
11%
57
30
88
40%
93
149%
.
8%
*61
61%-
111%,
23
1
23
6%
2'/*'
111%
*54%
30
30
6%
!
*60
Year 1943
Range since January 1
STOCK
YORK
NEW
Shares
$ per share
$ per share
for
the Week
Sept. 29
Sept. 28
$ per share
Sales
Friday
Thursday
Sept. 27
*60
61%
1111a
57
PRICES
Wednesday
S per
share
*110 >2
*54%
HIGH SALE
Sept. 26
Sept. 25
Sept. 23
AND
Tuesday
Range for Previous
STOCKS
'
LOW
Monday
Saturday
Dye—._ _No
i*£—.
,
par
5
_No par
Jan
3
Mar 29
2314 Jan
3
Jan
4
37
24
161
Jun
Jun
3
85
July 14
5%
3
Apr
Jun
*3 % July
■fa
34% July 14
Sep
58% July 14
13
Jan
45%
18 Va
Jan
31% July
64
Jan
75
24% Apr
19
29% July
Jan
21
85% Jun
70
27
5
13
Sep
May
11% Jun
7
Jan
152% Sep
1
140%
Jan
13% Mar 18
16 y2 Feb
5
10%
Jan
14% May
29
35 y4 Mar 27
16%
Jan
37% Nov
914 Jan
141
Apr
3
26
Aug 15
15% Aug 23
165
July
/-/'
LOW AND HIGH SALE PRICES
$ per
| per share
36%
36%
36%
"•112%
•75 '/a
21
75%
20%
*20%
134
12%
177%
177%
39
39%
39%
81 Va'
81 Va
89
89
>
'25%
*121%
121%
*12%
*103 Va
106
28 %
8%
*26%
26%
*26
3%
89 Va
89 Va
19%
19%
20
4%
/
*3%
*8%
8%
26 Va
V
8%
26%
!- 42
•
44
*41
36
*8%
9
*8%
19%
93%
93%
95
95
96
96 Va
96%
16%
15%
16
16
16%
*153/4
16
11 %
11%
11%
11%
11%
*10%
11%
36%
36 %
36%
2%
2%
i/v *2%
54%
55 %
55%
48%
48%
48 %'
48%
12
12 Va
55%
55%
56%
55%
56
48%
491,4
12%
48 Va
48%
12
*175
181
*175
*175
181
14%
14%
70%
70%
71V4
V
71
17
16%
16%
16%
:"vi7z
17%
16%
*16%
16%
*16 Vb
29%
29%
29%
29%
38l/4
38%
38%
157%
1571/2
*17%
*23
23%
45%
%
*125
*17%
161%
7.2%
,
*23%
12 Va
12%
44%
*119%
120
96%
*8 Vb
*94'%
86%
.
8%
4%
4%
48%
27
26%
27%
30%
31
31%
25%
25 Va
*25
*113 Va
*10%
..
4%
4%
48%
*90%
2 7 3/a
27Va
27%
30 Vt
31%
25 Va
25%
25%
25%
25%
25%
114Va
*113%
114Va
10
11%
11%
300
3%
3 3/4
1,300
114 Va
114%
*10%
11%
*10%
4%
v ■; *3%
V
*54
4V4
6
5%
5%
57/s
'6
90%
90%
90%
92
*10%
44Vb
441'a
11
*10%
11
10%
10%
10%
16%
16 %
16%
16%
16%
106 V2
106%
106%
106%
100%
100
100
*109
*44
46
*44
105%
107
63%
94%
■v 101
*44
46
64 %
65
*105%
107
101
46
106%
64 Va
38
65
*93%
\
95
37%
17%
*
*106%
106
*93%
95
37%
38 Vt
*44
56%
56%
56%
56%
116
17%
11
73%
*71
4%
5
*56%
57
56%
.■
57
28%
28%
28 %
112%
*112%
/
15
153/8
14%
56%
15%
56%
*56%
56%
57
56%
*115
28%
113
15 y8
64%
29%'
28
%
113
.
15
*64
28%
28%
113
111
lSy4
151/4
40//Feb
14
51% Aug 23
16%
Jan
3
12% Aug 21
6%
Jan
9
Jan
163
180
/ Jan 22
163/{, July
3
17% July 10
10%
Jan
3
75% July 13
54
Jan
/' 69%
8% Jan
15%
/'13% Jan
18% Sep
7
/
26% Jan
Jan
3
13/,
393% May
147
Mar
22% Jun
<
18
Dec
32% Mar
36
Dec
Aug
45
Apr
Oct
151% Aug
19%
Jan
293/s May
Jan
17% July
17%
Jan
33
115
7
8% Jan
Jan
Jan
42%
Jan
43%
Jan
65% July
1293/4
Jan
146% Juiy
13% Jun
19
63/4
Jan
Jun
28
July
75
3
3
:
49
32
633/, July
12% July
493/b
Jan
No
4
Jan
Feb
Cable,_-__No par
25
12.50
preferred———No par
Andes Copper Mining
20
A P W Paper Co Inc.—
—5
-
$5 div
Midl'd.——No
Daniels
Archer
——5
of Illinois
Co
Armour &
par
prior preferred
No par
/.
7% preferred
——i—100
Armstrong Cork Co—
No par
$6 conv
3%
9
July
6
29%,
23% July
Jan
Jan
7
28% July 20
Jan
6
117% May 26
111%
12
10
2
Jan
3
4% Apr 19
74% Jan.
Jan
9
3
35% Apr
18
85
'
Apr
Jan
Jan
20
93/4 Jan
Apr
24
114
2 Va Jan
Apr
543/4 Mar
31%
/
33% July 17
24
16%
42
Nov
8% July
7%
Jan
24% Nov
May
79% July
Nov
42%
6% July
24% Jan 26
Jan
5
28
16
Wire &
17
54% July 26
3
44
943/4 Aug
Sep
121% Aug
Jan
88%
Elec——No
&
Jun
Aug
323/4 Aug
158% July
Jan
21%
127%
75
Jan
91
16
3
164
57% Jan
Dec
12
July 14
6
3
139
16
11% Mar
July 11
152% July
6
Jan
563/4 Jan
156
Apr
161
.-
31% Jun
47%
Feb
Jan
141%
20
26% May 17
May
35%
27% Mar 16
151
8
10
Jan
144%
Z /19% July 20
24% Aug 14
16% Jan
3
49% Sep
29
Feb 11
1
129% July 7
111
Jan
7
Jan
15
Apr
123/4
July 13
Apr 24
45
9,
July
25
8
July 10
43% July 10
160
July 12
31
3
36 Vb Jan
147
.»
29
18% July
13% Feb 21
■;
Oct
173
12 Vb Jan
1
Corp-—_—5
No par
Dry Goods--—1-——J-l
preferred——-100
V
500
5%
Atch
3,400
5%
Atl
57
56%
430
*11514
116
10%
10 Va
10%
10%
10%
72%
72 Va
72%
73 Va
*71%
73%
727/a
73%
721/4
72%
47/a
4Ta
4%
23%
23%
23%
23%
8%
8%
8%
8%
17%
17%
400
1,000
100
-1
—100
RR~
W I SS Lines
preferred
non-cum
conv
—5
50
Corp
preferred-
6%
Atlas Powder-
5%
conv
—
-100
preferred
—No par
Nichols
Austin
No par
——
Atlas Tack Corp
July
116
Mar
8%
Dec
14%
Apr
1%
5
43/4 Aug 30
Jun 16
Jan
3%
Feb
Jan
47%
Sep
6%
34
57
Sep
G % July
5
3
94 % July
14
46
Jan
75
Sep
Jan
7
49
Jan
84
Dec
46% Jun
;Z
Jan
28
30
Jan
403/4
Jun
119
Del (The)
8%
26,900
Baltimore
Jun
10%
Jun
Jan
15%
72 Va
Jan
97% July
59
Jan
94 %
3
1013/4 Aug 18
33
4
May 19
103% Jan
19
6
29
Jan
39%
Oct
100
Jan
108%
Nov
443/4
66
67% July
Jan
Jan
3
71% July 20
82
Jan
7
98
Jun
25% Jan
3
44
May 31
24% NOV
30
Mar 23
19
Jan
65
Mar 15
44
25
Feb
59% Jun
15
7
27
24% Jan
14
32% May 17
107% Feb
18
113% Aug 28
11% Jan
3
53 Vt Jan
7
52 Vt Apr
19
112
May 26
14 Vb Mar 31
Jan
25
Apr
19
3% Jan
3
Jun
July
July U
45% Sep
108
53% Jan
18
Baldwin Loco Works v t c—
10%
Jan
6%
3
13
100
26,200
Jan
43/a
Jan
66
23%
of
Corp
6 3/4
85% Jan
90
No par
3
Aviation
12% July 10
133/4 Jun 28
17% July 13
107% Sep
1
par
20,200
5
9% Feb 17
8% Jan
3
12% Jan
7
No
—
$5 prior A—
280
—25
—100
Refining—-;
pref series A_
Atlantic
30
10%
-
Line
Coast
G &
5%
500
56%
100
preferred—
4%
57
preferred-———
-100
-No par
preferred™
100
Topeka & Santa Fe———100
Atlantic
300
57
116
Corp—
Assoc Investment Co
800
5,500
S7'/4
41a
Oct
Jun
62% Jan
.
Oct
45%
11%
:
Atlas
10%
5
Aug 14
Z
Feb
154
Oct;
483/b
Jan
80
lO^i
23%
Jan
;"
Jan
15,900
17%
24
183/4
4% May
Jan
Aug 29
3% Aug 10
,55%
15%
*16 3/4
4%
A
59
,
3
190
7,300
28%
17%
10%
5
6
21
67% Jan
112%
115 V4
4%
Jun
44% Feb
Jan
"lO
*56%
17%
Nov
36
Jan
1st
*56%
*17
Apr
125%
Jan
Jan /
33/t
2d
56%
*115
27%
Jan
20 Vt
18
3%
Associated
57
116
Sep
38% Aug 22
533/4
:
65
*16%
116
2
126
Jun.
116 Vt
25% Juiy 18
15
18
21
Jun
10Va
*26
'
93/a Aug 14
J
30
65
115%
*16%
Jan
15%
Feb
7 3/b
*
98% Aug 15
7%
66
17%
10%
*115
Feb
20
32
Sep
Jan
12 Vt
'
3
Artloom
46
106
29Va
29 Va
*63%
14%
5
10
6%
94
64%
14%
1
123/4 July
/
6 Vb Jan
150
39 3/4
28%
112%
*44.
93%
64
14%
16% July
'4
17% May
82'/4
Nov
84V2 Jan
1,800
'
106%
38%
*28
28%
29
Oct
47
....
73/4 Nov
68
par
Wks
Woolen
/Arnold Constable
■'
16%
38%
637/8
113
29
par
1st
$6
7,000
10%
95
.
28%
28%
1,200
101 Va
*105%
64%
64 %
103'a
38
*94
*62
*61
20
44%.
*100%
43
*27%
*112%
1,400
11
106 3 4
106
63%
64
V4
16%
101
100%
*105%
28
<
:
107
106 %
38%
28%
25
97% Sep
Feb
*••'
16%
16 %
28
113
13
21% Sep
4
preferred———No par
preferred
•
37%
28%
*16%
*10%
44
*10%
11V4
10%
10%
28
*61
*115
65%
94
*16%
100 Va
*105%
Jan
Jun
4
1153/4
Anchor Hock Glass Corp—
!
.
10,800
107
*106
:V
1
37%
*26 Va
*112 Va
100%
94
•
10 Vt
16%
106%
*44
46
105%
39 Va
10
120% July 11
10 Vt Aug 12
Anaconda
100'
92 %
92
44%
*10%
*
64%
64%
94%
37%
44%
11
'VV
107
*104
44%
*10%
10%
10
*105%
*44%
11
6
:
.
*10%
*9%
..i
107
92
-:
541/2
6%
*54
6%
91%
:'•••
'
54
5%
%/v
44%
44%
44%
*104
41/4
*54
55
6
106
,
11%
'
:
55
55
114%:
llVt
*3%
11 Vi
'
7%
Jan
prior conv preferred
-—25
Anaconda Copper Mining—
-150
1,600
*113 Va
v
9% May
19
!£5
840
:
Jan
51/4
Jan
Sep
43/4
26
3
Amer Zinc Lead & Smelt
23,900
31%
May
66%
Jan
39% Apr
American
200
31%
25%
106
/.
4,400
5
49%
-
27
*54%
*43%
4%.
*48
27 Vt
*113Va
107
:: 88
31%
41/8
*106
89V4
800
31%
11%
91 %
1,500
.r.v
5
/,/
Jan
// 2
Preferred „————-100
100
8%
May
116% Apr
6% Jan
Water
Am
6,700
•96 Va
8%'
27
55
106
106
9
*95%
-v.*
.-—10
Corp.-———14
100
Type Foundries Inc..
American Viscose
; -
31%
.25%
Amer
i——.—25
B_-
preferred ———-_100
5%
27%
26%
91%
8%
120
Common class
6%
2,300
483/b
114%
91%
1,520
•
/1,400
4%
48%
55
6
*106
4%
*47%
4%
6
*54%
87%
*86
87%
■
48% :
4%
4%,
8%
5,400'
12
9
8%
8 Va
Amer
45
96 Va
*95
95 Va
*86%
120
8%
9
8%
*10%
11
*119%
:
Tobacco/__—No par
American
4434
*11914
■■■x-
par
Telep & Teleg Co———100
Tobacco—
—25
8,000
4,800
12
45
Sumatra
68%;
145
12
44%.
Am
145%
:67%
;
Co——-;—No
American Sugar Refining——-100
Preferred
—100
:
67
66
147%
11%
\
120
*8%'
69
146%
45%
95 Va
87
*31
25%
119 Vb
*113%
114%
*3%
.
500
67-
z67
12
12
/
*
65 :
150
"45%,
.
9
*47%
26%
72 Vt
147%
120
4%
*47%
30
70%
70%
12% "
86%
86%
4%
125Vt
162Va
8%
47%
■125
.
Stove
American
1,400
161%
161%
162%
68%
preferred—
—_No par
non-cum
Steel Foundries
Amer
800
47 Va
162%
28%,.!
*27%
162%
'
25
100
—
American Stores————No par
28%
8%
*4%
23V4
46
453/4
*27%
9618
47%
6%
20
231/4
v
24
*23
28%
46
8%
.
'
126%
*94%
96%
8%
861/3
,
8%
*85%
.
//•
9
8%
9
8%
*94 Vt
*119 Va
120
*119%
•
•
3,400
*27%'
72%:
*45%
1-100
:American Snuff
11,800
17%
*125 V*
151
12%
44%
Va :
■/
25%
*171,2
'
45%
70%
12%
18
126%
162 3 4
44
*44
Co—No par
—No par
Preferred /
,
70
37 V*
'
45%
70%
%
*12
■
*146% 148
100
tV'* 25%'
25%
17%
/
'44 Vt
*125 %
162%
150%
Amer Ship Building
Jan /
91/4 Aug 10
83/b Jan
/ Amer Smelting & Refg
230
:.
*27%
150-%
840
}
6,200
45%
28%
150V4
1
148
25%
.
23%
72%
i
39%
Apr
Jun
12
115% Feb
Apr
4 Va
40%
25
143/b Feb
American Seating
158%
44%
44%
148
25%
23%
71%
72%
39%
158%
149
25%
17%
162 VB
71%
72%
151
*150
*147
71%
71%
39%
v
147/b Feb
par
36%
H:
53%
80% Jan
;
/
Jan
Jan
2%
•
50
Jun
July
;/ 78 Va Jun
35
Aug 30
/ 93/a July
7
46
par
Safety Razor
——18.50
CO-2-i—No par
200
Feb
30
6Vb Jan
$6
American
Jan
7 Vb Apr
Amer Power & Light.
2,500
;
31
31
31
158%
*43
17%
46
18 Vt
16 Vt
*157%
17%
125%
'
16%
% 39%
45
*43%
25 5 a
161%
*28
161%
*7.0%
Z
125%
28%.
126 %
*125%
18
I6V4
.17
30%
72%
;// 39.. - -:-
7% Aug 18
■
150
*45%
46
45%
45%
127
17%
39%
23%
23%
177 Va
713/4
No
Co
News
26
May
873/4
Jan
■.
44% Aug 18
75%. Jun 22
79
Jun
Apr,
May
,„/ 9
Jan
'■'
6% Aug 18
Mar 27
29 Vt
.
/7
-
37% July 17
3
'
—————100
preferred
6%
American
5,400
"#15". /;
15
.
:/
/
3,100
12 Va
:
Z *174
15%
*16%
158
17%
,
48%
:%•; 12
/%
600
19
Dec
10
Jan
Apr
65
—No par
preferred—No par
$5 preferred———
3,100
—No par
Am Rad & Stand San'y——No par
13,900
y;.... Preferred
—
.-100
25
11,200 .American Rolling Mill
2,390 / V 4'/a % conV preferfed————100
2%
54%
48%
V
72
/
30
;/
157 Va
45
25%
,
17%
*23%
.
28%
*28
25%'
25%
17%
150
151
*148
25%
39
393a
157%
*43%
45
*43%
45
151
24%
157
29%
29%
38%
39%
156%
2%
"
16%
156 %
,
V
16%
V
16%
*16%
14%
14%
71
100
54%
' •>>
% 177%
*174
71%
14%
71
16%
*16%
*43%
*175
14%
70%
15
71%
*148
177%
12%
177%
12
14%
14%
29%
12%
11%
36%
Co Ltd----™—No
Amer Metais
400
1%
46%
5
5
5
Feb
Jun;.
4%
Jan
Jan
Nov
39% Mar 31
par
:
1%
3% Jan
pur
24
36%
54%
63/4
8
19.
& Meiais——No
104%
Dec
22 Vt
Jun
10
& Fdy CO-——No
18 3/a
Jan
7
Jan
Jan
Amer Mach
Dec
97%
42%
25% Apr
90 Va Jun
Jan
Amer Mach
Jan
Mar 22
102
4
400
:.
.
10
10
61
1,200
'
■
llVa
126."
35%
2%
54%
49
12
*23%Z
2%
48%
16
.
*125
36%
54%
2,700
16
24
126
*125
2%
2%
2%
12
*23 V4
24
126
97%
6 3/b
33
—
52,400
96%
Jan
116% July
1123/4 May
113/4 May
,
133/4
59
Corp——No po.r
American Invest Co of Ill_
1
5% conv preferred—
___50
American Locomotive—
No par
1% preferred
100
49
Jun
157/a Jan
Apr "
243%
Nov
- Feb
5% Mar 16
5
3
68
par
107
: 96
11
10% July
29
26
45% Jun
80
July
Jan
,18 V*
4% Aug 17
6
Apr 25
Jan
8
23
Amer Internal
/ 500
21%
*11
2% Mar
53% Jan
par
No
—
6 % non-cum
500
20%
V
VA
36%
36
36
23 %
*124%
125
125
1241/4
.
Va"
23
23%
23%
23%
.
300
8%
*8%
.%•'
21%
7
14
preferred———100
Ice
American
1,300
>
8%'
*48
21%
"
Vvi, 800
73!
8 Va
49
21%
300
/
6%
6%
*71
8%;
*48
213/b
2%
2%
*8%
Va
49
21%
124
36%
36
8
8%
*48
49
21%
*11Vb
24
125%
.
*
16%
11 V
11 Vb
*23 Va
♦124
8%
93Vt
16 Va
92 Va.
*8 Va
21%
21%
20%
93%
*16 Vb
X *8 Vt
8%
•UZ>
6%
72%
: 300
:
No
No
—No
No
:
18
107
185% July
Jan
.-
59% Nov
19
.Aug 18
July 10
Sep 11
15
5.
Mar 10
21% Sep
par/:
par
$6 preferred-^
par
American Hawaiian SS Co_——10
American Hide & Leather—,
/• 6% conv preferred——
.50
American Home Products—
1
4,600
41
preferred—:
$7
•
/ $7 2d preferred A
/
101% Feb
_1
Tiling—
Encaustic
Amer & Foreign Power.
5,700
'Vi 500
*70%., 71
*6%
72 Vi
-
14
American
/
Jan
10% Jan
2,300 ->»■-
5%
.
Amer European Sees
No par
American Export. Lines Inc———1
83 Va
41
; 71
70
6%
72 Va
.
8%
8%
*48
z,
—par
124% Sep
100
36
36
115% July 24
18..
3,400
19%
5%
41
6%
8%
9
41
70
*69%
%Z
5%
20
108% Feb
23
American Crystal
600
4.%
*82%
'
36
*71%
6%
72%
8%
49%
*48
49 Va
*48
-
82%
'
5%
108 V4 Jan
300
90 Va
%'Z-19%
19%
36
■■■•
42
*40
70
6%''
8%
8%
8%
Z'i 82%
5%
;
*71%
72 Vt
72
72
42
70
7%
7 Va
7%
7
83%
36 5%
8
5%
*41%
71
*70
■
69 Va
69%
*70
•
'5%'
42
*81%
*35 Va
19%
83%
•
*35
5%
19%
19 %
27% July 15
68% Jan
American Colortype
7,300
;.
27
4
90
26
par
.preferred—100
Am Chain & Cable: Inc
~No par
5% conv preferred—,100
Co-^-,-—....—10
Sugar——:—10
V: 6% '1st preferred100
Amer Distilling Co stamped,;
20
37/a
26%
4
90%
4
Jan
Nov
24 V*
:
July"
Aug
9% May
913/4 July
71%
42 3/b July
433/4
Apr
134
Jan
Jan
168
July 10
14
83 % Aug 21
7 %■.. non-cum
Dec
Nov
93/4
Jan
3%
95 %' July 13
183
18 3/b
Jan
127 3/8
■"
76% July
61
27%
25
July 12
5
American Chicle
9
Sep
Jan
4%
453/4 Aug 24
18
600
.
:/
Z
July
Jan
47
27
2 3/a
,
Jan
8%
•
33 % Apr
American Car & Fdy__^_—No
.
1,100
i'
"
26%
3%
*8%
27%
*3%
*89
106 Va
26%
4
8%
*26 3/8
'•
4
89
83
1
84.
•
53 B
1-4
89
19 7
■
5%
4
90
19%
36
■
5%
26% v
26%
v
/;
90
,
*82%
...
36
-
*3%
3%
*35
.84
*35
4
a%
4
19%
*81
.
90%
90
27%
*33/4
8%
*105
19% Jun
1
Mar
62
6
July 18
170% Jan
510
16%
/
82..
31% Jan
100
••'•-
13
16%
106%
8
;
•
13
163/4
27
:
" Preferred
.
100
113
13%
*105
;
*8%
.3%
26%
3%
4
v
106%
27%
27%,
28%
27%
28%
:
*105
106%::
'
*105
.106%
*8%..
....
163/4
122
270
120% 122
122
122
*123/4
16%
16%-
3%
3%
133/4
16%
13%
16%
28 VB
28 Va
•
3%.
*8%
25%
*12%
13%
16%
*105
14
y 1,000
121%
121-V:
13
16%
1
121%
13
17
Sep
133
6,800
25%
34
12
1,300
89Vt
"112%
Jan
14
1,100
-
23
May 12
833/a
253/4 :
113% ''
Jun
14
126% Apr
38 %
25 Va
86 Va
/37V4 Jan
—1
—No par
100
Amer Caole & Radio Corp__
—1
American Can_
:
25
Am Brake Shoe Co
12,100
833/b
*113
Jan
.
,;.;.V;5 Vt % preferred
10
178
par
American Bosch Corp
1,500
■
38%
25%
x67
3
83%
113%
110%,July 17
7% Jan
38% '.
*113
Mar 29
78% Aug 18
83%
/ 25%
26
113%
*113
121% -122
•
13
*16 Va
25%
7
25%
>113%
Oct
82.
68 Va
38%
83 %'
82%
31%
23% July
83%
83%
Jan
14
88%
39
Jan
13%
25
178 Va
177
Jan
41% July 13
25
,1,400
23%~Sep
17%
/:.,/ %
12
Jan
6 %
Sep
Dec
43% July
5
Apr
-
16%
97
Jan
28
4
Apr
88%
39VB
40
*113
-
89%:
88%
July
23 3/b Jun
Jan
Jan
July 14
2
16
178
39%
179
4
28% Jan
118
19
19
Jan
6V4
733/4
5
60
88%
•
81% " 82
113 Va
12%
12%
16
42%
134
12% •; 12%
./
12%
12%
:>■
Apr
17% Apr
S per share
26 Va
July 10
July 7
40% July
58
100
16
22
103
v
preferred—,——50
300
42%
105
Amer
1,000
21 %
*132
134
,
■
May 17
66 v'/
'
'
16%
42 Va
...
*132
-
3
26
177%
89%
177Va '
"
25 Va
25 Va
*113
12%.
89
89%
177 Va
•177%
39
89%
*177
66
16 Va
42
-
43
V' 134
.
*65%
16%
42
5132
■'•/
43
132
12%
12%
;
*42
.y
*16%
17
*16%
17
43%
133
133
66
Petroleum.Corp—^No
27
24
Agricultural Chemical_No par
American Airlines tnc——
10
American Bank Note—
10
76%
21
14% Jan
96 V4 Jan
33 Vb Apr
Highest
$ per shard
700
•76%
*65%
^Vl'/Z par
Lowest
$ per share
Amerada
28
21
$ per share
400
100 Va
100 Va
75%
*20%
/
1,000
"■M//*—,:
40
*27%
T
28
-;%>• 75%
21
*65%
66
*65%
66
j "43
;
.12%
12%
76%
20%
16%
43%
134
*132.
76
21
*65%
16%
16%
43%,
76%
*20%
'
66
65%
28
76
75 Va
"'20 Va
■;
400
Year 1943
Lowest
Allied Stores Corp—
No par
5% preferred-^../-.
—i-—100
Allls-Chalmers Mfg_.
„__No par
,'v' 4%, conv preferred
—100
Alpha Portland Cem_—LNo par
Amalgam Leather Co Inc
1
6%conv preferred——.—:
50
600
■V
3%
*39 Va
1103/4
x27%
75%
27%
28
28
28
'
r.'-Vi
Range for Previous
Range since January 1
Highest
/'•/
,v.v
'5,000
..
22
r',:
••*3%
3%.
40
100%
28
28
22
22%
*39 Va
'
101
*99%
100%
*27%
40
114%
115
*3%
3%
3%
*39%
40
*99%
100%
100%
100'/a
*99 Va
*39 %
40
*39%
40
*39 %
22 Va
200
36%:
114%
'■
'
EXCHANGE >-v;.v
>
ZV/'vZ £;j':
4,700
20%
101%
36%
36 3/i
36%
*113%
22%
3Va
3%
V
36%
113%
*22
20
*100
100
36%
22%
Shares
20%
.
100
113%
37
113%
*22
3%
*19%
20%
100 Vt
*113
22%
3%
3%
*3%
37
22%
22
20%
100%
36%
■
113
113
113
22
20%
100%
20%
*100
101
*100
101%
-
20%
20%
20%
20%
*100
S per share
$ per snare':
share
$ per
share
Sept. 29
j pey share
STOCKS.
•••■•
NEW YORK STOCK
-
I
.:
the Week
Sept. 28
Sept. 27
Sept. 26
Sept. 25
Sept, 33
'•
.
Sales for
Friday
Thursday
Wednesday
Tuesday
Monday
Saturday
Monday, October 2, >1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1410
■■15% Sep
..
90 Vb
July
38
May
Oct
Jan
18 3/4
36%
68
Oct
Jan
28% May
Mar
106
;
113%
Sep
26
6%
Jan
133/4 May
50Va
Jan
57
Sep
683/4 July
57
Sep
29
62
Jun
12
52
Jan
14
Juiy 31
113
Jan
123
Jun
16
Dec
120 3A Aug
18
13% May
84% May
5 3/a
Aug
7%
Jan
8
2%
Jan
9% Aug
9
28%
Jan
85% Aug
8
3 3/b
Nov
6 3/b
Apr
20%
;
Dec
Apr
B
23%
23%
2334
7%
7%
7%
8%
8
,
23%
23%
8
8%
14%
14%
14%
15%
15
15
14%
15 3b
15%
15%
14%
15%
*10%
10%
10%
10%
11
11
10%
11
11%
11%
11%
113/8
*61
62
61%
*23%
24
*23%
*17
17%
*50
51%
15%
15%
16%
*50
15%
62
62
62
61%
61%
61%
24
*23%
24
23 %
24
24
24 Vi
24
17%
*16%
17%
*16%
17%
*16%
51
*50
51
*50
51
"*50
61%
15%
62
15%
15%
15%
15%
15%
'
1,700
190
,62
24 V8
900
17%
17
17
500
51
50
50
100
15%
15%
15%
5,700
Aroostook
5% preferred
Bangor
f
100
50
preferred
4%
8,200
& Ohio
&
tConv
Barber
Asphalt Corp——
Oil
17%
17
17%
17
17%
17%
17%
17
17%
Xl6
16 VB
11,400
*29
30
29
29
*.28%
29 %
28%
28%
28%
29
*29
29 Va
600
*33%
34%
34%
*84%
34%
34%
34%
34%
34%
34%
34%
400
Beatrice
*33
108%
108 Va
108%
108%
108%
108%
*108%
108%
130
10%
108%
10%
108%
10%
11%
10%
10%
10%
10%
10%
10%
10%
10%
14,000
*32%
34 Va
*34%
34%
*33%
34%
*32%
34%
108
108
*116% 117
117
*115
117
J
,
*115
117%
117%
*32
*115
34%
117%
*32
*115
117 Va
11% •
11%
113,8
11%
11%
*11%
11%
11%
11%
*11%
11%
12% \
12 3/4
13%
12%
13
*12%
12%
12%
1234
12%
13 Vb
43%
43%
44
44
44
44
44%
44
44
43%
44
For
footnotes see page
1419.
Vb
-
44
Iron
$4.25
Works
100
.
1,200
13,500
2,700
Aircraft
Creek
Bendix
14%
Apr
9% Jan
5%
Jan
Apr
4
13% July 20
66 . Jun
3
12%
3
Jan
34% Jan
12
Feb
63%
Dec
28 Vt
July
Sep
60
21% Apr 25
263/b
Jan
July
4
18
24
RR——
Corp
Aviation
24
5
53
13
Corp
Belding-Hemlngway
Aircraft
Jan
Jan
Corp
Beech-Nut Packing Co
Bell
10
•
Jan
preferred
Beech
Jan
6
14% Sep
Creamery
Beech
34 Va
12%
*11%
Bath
33/a
5
12
Bayuk Cigars Inc
17
5
18% July
43
Co
5
1
No par
25
No par
1
—50
20
No par
1
5
10% Jan
Aug 17
10 Vt July
3
-50
preferred
5%%
24
93/a Jan
——No par
Barker Brothers
Barnsdall
100
10
Apr 24
3
5% Jan
Aug 21
18% Mar 1L,
14% Aug
9
18% Mar 15
25%
Feb
15
31
May 22
31% July 10
35% Aug
2
105% Jun- 24
1083/4 Sep
20
73/4 Jun
8
11% Jan
3
Jan
11
111% Jun
12
31
353/4 July 11
Feb 15
117
13
July
10 Va Jan
3
10% Apr
25
15% Jan
33% Jan
13
46% Sep
6
11
1
Jan
153/b
30
Jan
47
12 Va
Jan
13%
Jan
23 Vb
Jan
243/4
Jan
105%
Dec
7%
Nov
.'
5%
25% Jan
93
9%
9%
33
Jan
Dec
Sep
19% July
203/a Mar
x29
May
333/4 July
*110
14%
Sep
Sep
33% July
114
Aug
11% July
NOV
20% Mar
Nov
39%
Apr
LOW AND
20
20
20
20
54%
*53
*39
40
*39%
Sept. 27
■V,
.'••
19%
19%
20
*53
40
54%
*53
40 Va
*39%
40
20
>
20
17%
18
18%
17%
18 %
18
18
17%
17% "V
61%
61%
62
'62%
61%
62%
61%
62%
61%
62%
■'
'
118%
120
49%
49%
-
10
119%
118 Va
*49%
22
22
50
10
10 %
19%
*19
*49% •'50%
22
*21%
10
10 Ve
10
10
10'/a
*19
13%
18%
18%
19%
19
19%
108%
*107%
18%
*18 Va
108%
18 Va
*18%
108%
*107%
109
:
19
*107%
.
5
18%
*107%
109
14% \15Va
14%
15 VB
14%
14%
14%
15
48 %
48%
48%
48%
*48%
48%
48%
48%-
93
*92
93%
93%
93
93%
54%
*53%
55
*53
54%
*53
54%
55
55
47 Va,.
*47
47 Va
47%
*47
47%
47%
47% '
*316
116%
92
93
116 %
116%
116%
47%
116%
116%
93%
116%
32%
32%
32%
116
116
>;
39%
40 VB
33
32%
39%
40
32%
32'/a
32%
40
39%
32%
-
5%
5%
5%
5%
5%
5%
5%
5%
5%
44%
*44%
44%
*44 %
44%
*44%
44%
44%
20 Va
19%
20 Va
19%
19%
19%
20
19%
50%
*50 %
*50 %
50%
*50 %
11%
>11 Va
il %
11 Va
11%
11%
11%
11%
11%
40
40 %
39%
40%
39%
40
39%
39%
*45
*49%
50
*20%
*45 Va
46%
20%
46%
46 %
49%
50%
21
:
,
45%
50%
45%
*50
50 Va
20%
*50
21
21%
42%
42%
42
42
*41%
42%
*41%
42%
21%
21%
21%
21%
21%
21%
*21%
22%
*10%
10%
10%
11 Va
10%
11 Va
*10
10%
121
121
121
*120%
10%
10%
11%
10%
66%
66%
66%
122
11V*
67%
9%
10
10 Va
10
20%
*19%
*17
17'/a
*17
*37,
38%
*32%
32%
32%
14%
*5%
*108%
14%
14%
5%
10%
*19%
5%
>
"
10%
*17'/a
17%
37%
/ > *37%
38 %
32%
400
Brown Shoe Co
500
Bruns-Balke-Collender
68
*64
47%
47%
47%
47%
*47%
11
11
11 Va
11 Va
11%
11
31
*31
31
*64
68
31
31%
*3 Ve
3%
3'/a
14Va
13%
14 Va
13%
:
80Va
81
24%
23%
23%
27%
27%
*27 Va
27%
*55%
56
1
•
*56%
1%
1%
1
Burlington Mills Corp
5% preferred
7.400
Burroughs Adding Mach
5%
5%
5%
900
*64%
65
i.
*47%
48
290
Bush Term
11%
3.100
10
■
11%
11%
3%
3V4
3%
1.500
13%
*13%
13%
800
Byers Co
*80%
81%
230
*23
23%
200
preferred
Byron Jackson Co
No
*80
81%
-
27%
27%
27%
27%
55%
*55%
55%
*55%
1%
1
.
1
6%
6%
6%
6%
6%
6%
20%
19%
19%
19%
19%
31
30%
30%
31
31%
30%
31
41
10%
10%
10
10%
10 %
10%
<
48%
49%
"•'48%
48%
*47 %
48%
*8%
8%
*8%
8%
8%
8%
■
49
*8%
*43'/a
*112
*48%
50
112 %
112%
*30 Va
*30%
31
5
5
36
36
*48%
35%
123
123
13%
,123
,
123
121%
122
*121%
122
14
14 Va
13%
4%
/,;. ''
*4>/a
122
122
18%
18%
21%
X20%
4%
4%
*4'/a
*113
*18%
19
28%
28%
*111%
113
6 s, a
•■•:•>
19
6%
j
28%
*111%
43%
12%
12%
12%
13%
*12%
45%
45%
45%
45%
45%
6 Va
6%
6%
6%
6%
28%
113
/
7JVO
6%
*18%
|
42%
28%
*112%
43
44%
*43
43%
423/4
,43
13%
13%
453/4
6%
6%
15%
Xl4%
1,500
13%
*12%
46 Va
*6%
13%
46 Va
300
:••; 1,500
114
45%
13 Va
45%
6%
18%
*112%
1,000
46
7,700
6V2
2,000
14%
5%
5%
5%
5'%
5%
5%
5%
5 Va
5%
2,700
21
21%
21%
21%
21%
21'/a
21%.
21%
21%
213/8
215/a
2,100
23 V8
23%
23%
24
24
25%
25'/a
26 V0.
25%
25%
25 Va
263/a
25,500
44
44%
44%
44%
44%
45%
45
46
%'
45%
45%
45 Va
46%
18
18%
18 Va
18 %
18%
18%
18%
18%
1,200
18%
.18%
18%
18%
18%
18%
18%
18%
183/4
700
*45'/a
46 %
*46
47
*46
47%
47%
57
*56
57
Chic
5'/a
>.
18
.*17%
18%
16
18%
18%
46
46
*45%
47
55%
55%
*55%
56
16
*15%
15%
*15%
15%
2%
15%'
15%
2%
*26
28
91%
21%
*6.9 Va
>/•;
21V4
*69%
9%
9%
*9%
<'44%
44
44
*155
185
*155
*85
88
*85
115
115
*42%
*106%
V
56 Va
*56
16
*15%
16
*15%
15%
*15%
15%
56
3
■
3
15%
15%
3
3 Va
27%
*27
27%
27%
92%
92
92 Va
91%
91%
■>", 21%
70
9%
9%
45%
*44%
21%
*21
Va
21%
21%
71
70
*70 Va
72 %
70
*9%
9%
9%
45%
185
*155
185
*85
88
115%
*114%
*43
109
115%
43%
*106%
109
45%
•
*914
45%
45%
*155
*85
88
115
115
*42%
*106%
*42%
43%
109
*106%
*94
95
*94
95
*94
95
94
56
*53
56
*53
56
*53
56
*53
*136
137%
62%
*61%
28%
*107%
37%
*112%
18%
*16%
29
37 %
18
*18
18%
17%
*31%
31%
18 Va
*17
32
*31
For
•
*112 Va
18%
18
18
*18%
*62 Va
37%
114
36%
62 %
f 29
'108
ll
*933/4
*53
56
•
34%: -34%
"36%
33% >34%
36%
36%
149 %
.36%
152%
149%
136%
*
137
137
*62%
29 Va
29%
29%
29%
29%
29%
107%
107%
*107%
108%
107%
37
*112 Va
18%
18 Va
18%
37
114
18%
*ir
-
18%
*18
18%
18%
'*16%
17%
!;*3i%
32%
31
*31
31%
1419.
>
62%
*37
*112%
18%*18
18%
16%
•32
31%
62%
37%114
18%
37
*112%
18
149%
137"
62% - '-62%
62%
62%
.
Clev
Equipment
El
Ilium
pfd—;
$4.50
No par
Graph Bronze Co (The)—1
preferred
100
Clev & Pitts RR Co 7% gtd—50
Clev
~40
Special gtd
47;
stock——50
'
37
37%
•
3,100
Climax
Molybdenum
—No pat
2,900
Cluett Peabody & Co
No par
50
OWi
t)0C
800
80
<29%
2,600
50
37%
18
Preferred
Coca-Cola
3
3
4
Apr 25
Sep 14
Feb 24
Jan 3
Jan 7
Jan 6
Jan 4
4
3
14% Jan 5
56% Mar 28
6% Jan 12
35% Feb 17
148
Jan 7
76
Jan 3
111
Apr 21
37% Apr 20
106
Mar 27
92
Jun 16
52% Mar 22
Class
A
Collins &
Colo Fuel &
57
Alkman—..
conv
Colorado
&
9'/a- Jan
July 1
29%
13
32 Va
700
Columbia
600
Olasf
B
Jan
20% July
10 % May
Jan
V»
118 Va July
3
Jan
9% May
43
Nov
54% Aug
6% Nov
10%
Apr
14%
Jan
18% July
16
Nov
29'A
24%
Jan
20 Va
-
Jan
31 Va
105
Apr
35% July
Jun
109 %
Oct
Jan
15%
Jun
2%
5
May
9%
Jan
41
6% May
Jan
75
May
Va
Jan
49
Oct
12
5%
Jan
19
20%
Jan
10% July
29% Nov
27
6
21
2%
8
5Va
Jan
Jan
Nov
16
1
Apr
18 % July
9Va
65 Va
10
10
Jan
25 Va
83% Apr
,
May
30% July
5
22%
Jan
30% July
56% Mar
8
52%
Jun
56
1% Jun 28
%
Jan
1% Mar
6
6Va
Dec
9%
21% July 10
31% Sep
5
*13%
Nov
19%
13%
Jan
27%
19
29%
Jan
38
12%'July 12
51% July 14
6%
Feb
'7% July
42
10
Jun
36%
4%
v
Jan
Mar
Apr
Apr
Dec
Mar
11% May
47% July
Jan
9%
Apr
July
6
50 Va July
27
40
Jan
46% July
112% July 20
*85
Jan
97%
31 % May
1
25%
Jan
5% July 10
3 Va
Jan
32
Sep
Mar
40 Va Jan
123% Sep
Jan
Feb
120%
8%
Jan
14%
16%
5
NOV
21
16%
July U
4% July 5
23
114
Sep
Jan
1%
Jan
97%
15
Jan
Dec
54% July
40%
v
27
19% July
Dec
26%
11
15% Jun
Apr
39%
147
96 Va
24
102% Aug 21
Dec
5%
Jun
>
23%
Sep
Apr
July
Jun
3% Mar
111
Aug
3
Jan
18 Va
27% Jun
23
13
Jan
25
11% Sep
8
3
Jan
37% Jan
4
X33
Jan
Jun
27
3
Jan
7%
115% Sep
29
32%
Jan
72%
Oct
20
16%
Nov
19%
Apr
July
15
9
Mar 20
20 Va July
30
July
Jun
Dec
8% Nov
41
Apr
Jun
18
>
46% July 10
Jan
24
99%
Jan
109
Dec
8%
5
Jan
34
July
50
July
—
6
33%
Jan
9 Va Mar 25
2%
Jan
9 Vb May
18% Mar 25
7%
Jan
17 Vb May
7% Mar 22
2Va
Jan
25% Mar 22
10%
Jan
48
Mar
7 % May
217/a
Jun
Dec
29% July 12
65 %
July 13
Jan
16%
21% July 12
15l/8
Jan
22
12
36%
Nov
41 % May
56% Sep 26
48
Dec
54
19 % July 10
17% Jun 23
11%
Jan
15%
Jan
18
18% Jun
47% Sep
6
27
3% May
5
1
8
July
13%
30
98%Jun
25 Va
July
Dec
Apr
Jun
3% May
24%
Jan
32 %
19
67%
Jan
85% July
3
10%
Jan
15% Aug
27
Feb
63%
Dec
8%
Jun
77% Aug 16
;
4
2%
Jan
47% July 26
32%
Nov
10% Aug
Apr
May
185
Jun
22
90
123
Mar
67
Feb
Apr
39 % July
145
74%
Dec
Jun
Jun
5
115% Jan
3
109%
Jan
45% Jun
19
28%
Jan
42%
Dec
Jan
12
101%
116% Aug
Jan
108%
Dec
Aug 11
84
Jan
92%
Sep
53% July 22
50
Feb
54
Sep
38% Mar 15
33 V8 Nov
109
96
39 Va
July 12
33 %
Jan
48% Mar
40
July
July 11
142
May
153
Sep
146% July 11
88
Jan
123
July
61
Dec
152
68%
Oct
25
Dec
67 % Jun
1
29% Jun
1
16%
108% Jun
7
*103%
Dec
109% July
17%
Jan
28% July
38
Sep
1
114
Jan
11
108
Jan
Jan
114%
Oct
Jan
19 %
17%
Sep
28
15%
Jan
26 3/4
Dec
15%
Jan
26%
Dec
17%
32
Jan
6%
Jan
ndn-cum
32
July
3.
hon-cum
47
31%
Jun
42 %
3%
47
150
.
18'A
Jan
104
Jun
24% May 27
370
330
32
44 Va May
4
4
18%
18%
32%
Jan
Apr
July
13%
18
*31%
44
20% July 10
23% May 27
18
*31%
30 Va
Jan
14.% Apr 19
11% Jan
3
18
31%
,
12 Va
Jan
37%
-
Nov
109% Feb 29
18 Va
32
103% Mar 2
25% Apr '25
Nov
—100
18
*17
par
Nov
Corp——,-No par
Southern——
100
preferred
18 Va
17%
par
par
;
Iron
18%
17%
No
-No
-
preferred
2,000
34% Apr 20
—No par
No par
2—No
(The)
Colgate-Palmollve-Peet
$4.25
30% May 3
145
Dec
14 Ve
8%
13% Aug 23
Feb 18
111
Feb 26
59 Va July 17
23 % Jan
6
————MOO
Co
1,400
114
17 3/4
18
i"t J
■■>(>:
1075/a
*112%
114%
>,
38 %
45
Jan
20%
114% July 13
Jan
Jan
Apr
33
4
4
May 29
77% Feb 7
100
1
-
Jan
6'/a
11% Nov
3
24
100
Louis Ry. Co
& St.
preferred—
18%
16%
'.
July
28%
Jan
14% May
1% Jan
No par
100
5
No par
Stores
O.
par
5 7/
95
56
108%
9(V
29'
32
94%
'*'107%
37 Va
page
137
100
109
^-;*62Va
}i
5
32
see
137
*106%
Corp
39
Jan
.20
1;'
36%
152%
'31
footnotes
33%
36 Va
*149%
114
17%
33%
36%
*149V? 152%
ltl363A 136%
F
152%
1.36% 137%
<108
33%
■V *33
36 Va
36
*149%
23%
109
33%
33
33
36
153
80
43%
*42%
43%
103
C.
5%
par
par
25
5
Co
Copper
Apr 24
Jun 9
Jan 2
Jan 3
Jan 3
Apr 20
Jan 13
Jan 31
Apr 22
Apr 19
Jan 15
Feb 15
Apr 19
May 1
11% Jan
No par
Co
Jan
2%
Nov
4%
18
21%
43%
15%
16 V«
38%
47
13
par
;—10
Oil
City Ice & Fuel
C
185
88
Cotton
City Investing Co
455/a
185
115%
Chile
Clark
*85
Yellow Cab
Chrysler
City
*155
*115
tChilds
200
88
preferred.
pf ($2.50) cum div
Chicago
400
185
114%
Pr
No
-No
No
No
conv
Chickasha
220
*85
114%
$3
9Va
9 V4
*45
45%
1,700
Co—
Order
Mail
Oct
26%
11
Feb 18
44
Apr 19
5% Sep 14
100
5
wi
preferred
Chicago Pneumat Tool
69%
*155
95
36
*
5,800
22
2P/4
9%
50
273/i
*69%
71
1,700
92
91%
•21%
500
3%
*26%
28
91%
15%
*3
3
200
16
*15%
5%
Chicago
30
40
17% Apr 13
No par
40
A
Jan
July 10
23
Chicago Great West RR Co
50
5°I<
preferred
50
Chicago & Northwest'n wi—No par
60
55%
55%
15 Va
15%
*53
33
*46
15%
*26%
21%
143/4
15%
92%
43
43
*106%
:v
16
*94
*149%
15
15'/a
*3
3
88
*114%
43%
109
15%
27%
91%
21%
70
2%
*26
v
91%
'
.
16
Dec
Va
22
108
Jan
27% Jan
No par
100
5
5
25
Co
RR
July
35
54
57
—No par
111
East
&
Class
200
*17%
15%
15%
5 Va
CoJ
Chesapeake Corp of Va
Chesapeake & Ohio Ry
23,400
18
15%
Jl
100
Champion Pap & Fib Co
6% preferred
Checker Cab Mfg
51
Jan
Dec
30 %
4%
No par
preferred
Chain Belt
4.400
5 Va
21
.
6% prior
No par
Products
Certain-teed
1,860
28%
28%
113
6%,
13%
46
6%
115%
18%
19
,
4,500
24,100
7
6%
114
Century Ribbon Mills
Cerro de Pasco Copper
Jan
17
Jan
8%
20%
7%
\—
Central
38 Va
32 Va
107
MOO
tCent RR of New Jersey
Violeta Sugar Co
1,900
32%
32
7Va
*18%
18%
113
11%
1.500
96% July
,127%
2%
11%
1137/af
112%
28%
*28
; *111%
10%
26%
32%
32%
6%
'
-H4T%
26 Va
56% May
16
19%
113%
*10
11%
>'11%
32%
31%
32 Va
109
19
19
28%
113
44 %
44
43%
31Va
*113
21% Mar
Jan
Nov
May 13
20
—
11% Nov
39
Lj\No par
preferred
July
151
Central'Foundry Co
\—1
Central 111 Lt 4%% preferredAlOO
No par
No par
100
No par
Corp
100
Apr 19
33
No par
preferred
2d
Jun
Jan
Jun
85
44% Aug 14
23
July 3
11% Sep 29
122
Sep 28
12Va July 8
71 % July 8
11% Jun 29
20% July 13
20% Feb 24
41% July 17
33% Sep 29
Sep
19
41 Ve
Aug 23
July 7
Jun 21
25
19% July
Jan
76
•v
July 5
6% July
72
Jun
52% Mar
12% July
31% Sep
3% July
16% July
86 Va July
Jan
9%
110 Va Mar 9
15% Jun 30
•
11%
143% July 12
44% Jan 12
25
Central Aguirre Assoc
5%
450
4%
9%
26%
6
4
2,200
7%
Celotex
4
Jan
4
3,900
18%
21
4%
:,
113%
9%
106%
18%
3.200
"
Jan
27 % Jun
31%
96%
113
11
17
140
122
20%
4%
6% Feb 19
43% Jan 4
97
100
,
1st preferred
$4.75
900
102
14% "14%
18%
*26%
11%
*121%
21
'
9%
T.
:
14%
14 %
114
102
-
4
t
1
1
Celanese Corp of Amer
26%
6%
Co
2,300
35%
.;
101%..:
9%
32%
(J> I)
Preferred
35%
35
35
26 %
106
Case
42% Apr
.
100
;
Caterpillar Tractor
9%
6%
4.700
7
3
5
2.400
26 %
106
5Va
38
8
33% Jan
8% Jan
par
Co
52
9%
6%
Carpenter
Carriers <fe General Corp
146
26%
32 %
32%
106%
100
900
51%
18%
*11%
30%
145%
21 Va
11%
112%
Steel
23% Feb
A—1
—10
Ry
Ohio
&
51%
9%
*11%
Clinch
145%
26 V8
11%
■—No
class
Administration
$3 preferred A
30%
30%
5
100
25
<
540
9
*11%
V
4
9
3
5
Pacific Ry
112%
112%"
5 Va
4%
*113
150
Carolina
50
*49
37%
18%
114
*113
Capital
12,800
% Jan
6
May
15% Jan
'
.
No par
Co
Cannon' Mills—
200
101%
14%;
14%
800
8%
5Va
26
9%
26
11%
43
21
114
*113
114
;.K
48%
*8
8%
37%
21 %
*18%
18%
21%
14%
*47%
Ry
50%
50
35%
36
10%
Canadian
24% Jan 3
53% Feb 24
par
Copper
Campbell W & C Fdy
Canada- Dry Ginger A1 ej
Southern
4
Feb 8
2% Apr 25
12Va Apr 18
67 Va Jan
3
20
Apr 18
50
& Hecla Cons
3
28
—1
145%
145%
101%
4%
*28%
49%
35
18%
*18%
145 Va
5.100
:
Zinc-Lead
Canada
*4%
*101
21 Va
*111%
145%
49%
49
Calumet
900
Packing
preferred
41
36%
36%
101%
4%
6%
5
36%
35%
18%
32 %
5
5%
36%
101%
21%
106
*30%
36
4%
*11%
*112%
30%
145%
49%
21%
*25%
112%
*30%
102
35%
14
*8%
112%
30%
4.000
5%
*40%
; io
*49 #.•' >50
112%
5%
*18%
113
50
102
35%
102
102
*49
i
36%
145
48%
49%
50
.
*30%
31
36%
145
146
*144
•-.
.
'112%
112%
5
5
36
*49
50
-
California
Callahan
43%
*47%
8%
*40%
Participating
10%
*40%
,10%
10
10
*48%
41
*40%
41
(A M)
1,200
6% Li/: 6%
19% V 197/a
30%
30 Va
6%
20%
Zinc
&
Copper
1,200
1
1
20%
41
Butte
55%
23%
-
6%
*39
5% conv preferred
600
27%
*55%
*22
20%
41
8% Jan
30
5
No par
100
No par
•
31%
*31
31%
6'/a
30%
preferred
Bldg 7%
3(4
20%
*40
6%
Jan
54
Jan 6
43'A Apr 25
100
preferred—100
Butler Bros
6%
31
4
1
Terminal
48
*19%
31
Bush
May 12 *
27% Jan 25
107
Apr 17
12 Va Jan 3
No par
67
31%
'
81
*1
31
1
100
6.500
14%
*27%
O.:
Watch
33%
55%
1%
*1
%
No par
1
110%
27%
27%
*55%
56
.
7 % Apr 19
17
Jan
4
16% Sep 19
par
Co
14 V4
23%
23%
3
No
Forge
Co
*
4
47 Va Jan
No par
Buffalo
Bullard
Bulova
5% Jan
No par
33%
*22%
23%
No par
Mfg
G)
*13%
/.
3%
14%
81
81
r 81
81
81
300
(E
$5 preferred
Budd Wheel
*108%
v
'
*23%
1.000
Budd
3
6
Dec
19% Mar
Jan
13%
95
Feb 4
55 % Sep 29
48
Sep 21
116% July 19
34
Jun 17
41% July 17
7% July 3
44 Va Sep 29
21% Aug 25
52% Aug 14
12%
44%
50
50%
22 %
40
Jan
Va
6
15% Feb 29
52% Jun 27
5
Jan 26
Apr 18
Jan
4
Jan 26
May 8
Jan
3
Jan 3
Jan
3
Jan 7
Jan 3
Feb 1
Jan 4
Jan 28
Jan 14
Jan 4
8% Jan
116
Jan
5
100
Jan
16
:
7
20% July 5
18% Aug 28
108% Sep 23
14% Jan 13
par
11%
31 Va
'3%
*13%
3%
14
18 Va
No
Bucyrus-Erie Co
7% preferred—
25 Va Aug 30
11% July 5
39% Jan 16"
17 % Jan
4
No par
14%
*64-
11%
11%
31Va
31
3%
*3%
*13%
>'..
:
■
38%
*37%
33%
5%
48
*64
160
L
_
Brooklyn Union Gas.
47%
68
48%
4.300
20%
*20
" 17%
-
1.010
10
9%
'
•
110% ; "
14%
5%
67
*47%
17,000
67%
'
1
*108%
14%.-;
*64
11
67
38
33
32%
110%
14%
*5%
.
16,300
90
*121
/
17% ,"17%
37%
32%
14%
5%
'
11%
123
9%
17%
*108%
111
14%
5%
14%
5%
22
111/4
•:
20%
38 %
17%
*38
33
*108%
32%
111
9%
*19%
10
20%
Co
Bristol-Myers
42%
*21%
67%
No par
No par
No par
5
No par
Briggs & Stratton
700
ll
67
20%
200
46%
10%
11%
67
9%
20%
17 Va
37%
111
*108%
9%
20%
Brewing Corp. of America
Bridgeport Brass Co
Briggs Manufacturing
2.400
"
*19%
1.700
4.900
50%
'
./I'¬
10%
67
11%
67
.
5
2.50
15
Co.
Airways Inc
"42*4
>
11%
120
121
*120%
121
121
10%
66%
>:
Roller. Bearing
Bower
20%
•
*21% >21%
11
(assented) _100
20%
42%
*41%
5
Corp
Maine RR
&
*50 V4
50%
Va
21
20%
Boston
Braniff
"
46%
20%
50
*20%
100
50%
•
*45
46 %
*45
Borg-Warner
15
-
4,000
20
39%
*50 %
2.400
(The)—
Co
39%
llJ/4
40
50 Va¬
2.200
Borden
100
preferred
50% Sep 5
V8 Apr
121% July
Jan
27%
126% July 10
45
88%
46 Va
33 %
109%
283/4
34%
3%
37 Va
12%
40%
8%
27
39
40%
1
Inc
4V2%
'1,900
•
,
44%
,
*50V4
50%
50 Va
11%
39%
*50%
B
Bond Stores
400
5%
19%
20
coo
2
12% Jun
,,
No par
No par
class A
Co
Amt
Class
30
32%
*44%
-
20
Bon
5
Bohn Aluminum & Brass
150
•:•/
39%
5Va
*44
5
Airplane Co
Boeing
400
117
39 Vi
40
:
9.500
;
47%
*116
•
32%
40
,
5
.—No par
preferred
100
Inc
Bloomingdale Brothers
Blumenthal & Co
54
110%
16 Va Jan 3
7% Jan 3
16
Jan 4
14% Mar 14
93 V2 Mar 4
115% Feb
No par
No par
Co
•
37% Feb 24
-100
No par
Black & Decker Mfg Co
30
55 V4
*47
44%
5Va
•
69
'
40%
32%
39%
Jun
Nov
No par
(Del)
Bliss & Laughlin
94%
55 V*
July
J7
70
15 'A
*93
93
*53
*46%
Nov
38
Jan
1,000
'
,
48%
*48'
'
57
Jan
8%
Blaw-Knox
109%
14%
15 Va
48 %
Feb
22%
7% preferred
Blgelow-Sanf Carp Inc
"
15
,*47%
54%
5,600
*18% .18%
<
17% inp
20% July 15
66% July 11
800
19%
*18 Va
*106%
18%
108%
;'.19 %..,.:■
Highest
I per she re
13% Mar
6
56 Va Jan 24
40% Jun 20
—
700
'
20%'Sep
4
15% Jan 20
56% Jan
4
Bethlehem Steel
: 10%
*
19%
22
Year 1943
I per share
share
per
53% Apr 21
33% Jan 28
Foods
7,400
900
21%
Jan
S
1
Best &
Best
122
21%
17
No par
share
Lowest
pfd $2.50 dlv series '38_No par
Co—
No par
Pr
.
1,100
Indus Loan
Beneficial
4,500
•
50% >50%
:
21%
10%:
10
*19
10
*19
62'/8
121
121
*120
50%
#49
;•
22
*21%
120
120
119%
50
50%
22 %
54%
40%
17%
61%
18
22
1,600
20
40%
40
17%
118%
'"1
*53%
54%
Va
40
S per
Par
Shares
share
$ per
share
20
*53
54%
40
$ per
•
Range for Previous
Range since January 1
Lowest
Highest
EXCHANGE
the Week
Sept. 29
*
STOCK
YORK
NEW
Sales for
Friday
,
Sept. 28
$ per share
share
20
v 54%
*53
Thursday
Wednesday
$ per
$ per shaft
$ per-share
STOCKS
SALE PRICES
Sept. 20
Sept. 25
Sept. 23
HIGH
Tuesday
Monday
Saturday
1411
FINANCIAL CHRONICLE
THE COMMERCIAL 8c
Number 4321
160
Volume
Br'd
2nd preferred—100
12% Jan
13
Jan
2,50
2 5P
26% Jan
4
33% Jun
<25% Jan
4
32% July 10
1st
preferred—100
Svs Inc cl
*
A
...
23
May 215
2%
Nov
T9% July
Jan
19
Sep
Sep
,
'
v-
1412
y
£ per snare
*77
78
86
86
7
*18%
44
'
•:
n '
•'
27%
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26%
96%
96%
3%
3%
3%
24%
24%
24%
109
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117%
45
45%
45%
45%
46
15%
15%
15%
16%
A' 16
%
is
;
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.:
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v
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:
24 %
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11%
11%
11%
11%
600
31%
31%
31%
31%
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32
32%
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4.600
15%
15%
15%
15%
15%
15%
16
15%
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15%
15%
15%
23%
23 Va
23%
.
24
24%
24%
24%
24%
24%
24%:
24%
24%
25
12%
12
12%
12 %
.12%
12%
13%
13
13%
13
13%
15%
15%
15%
15%
15%
15 %
15%
15%
16
16
49%
49%
49%
51
51
51
::
49%
•'26
Y'
8'A
8%
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10%
46
11%
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46 ■'7'7';
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11%
15
46%
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46%
7%
7%
7%
28
28%
27%
28%
28%
28%
16
15%
42%
42
43
>
42
42
12%
*12%
12%
48
*47%
48
21%
21
21%
20%
20%
20%
50%
51%
50%
50%
50%
51
58%
58%
58%
58%
58%
58%
59
51
'1. 58%
.12%
47%
42%
100
50%
58%
58%
3%
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25%
21%
21%
37%
37%
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'.18%5
•
i;
19%
15%
'
79%
79%
22%
22%
>
15%
15%
150
*140%
25%
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79 %
15%
15%
150
*140%
28
;
•
4
■:f
21%
21%
36%
36%;;
47%
47%
19%
.
4%
Jan
17% Feb
21
7
Jan
18% Dec
50
45
51
28
33%
Jan
47%
89
Jan
16
Jan
23%
Jun
x4%
Jan
11%
Jun
79%
*22%
*28
108
"'10%
23%
28
28
s:
;;
400
1
■
*125%
127
*125%
5%
5%
Y
17
*16%
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5%
17%
17%
17%
5%
17%
17%
*118
,
24%
24%
24%
25
54%
5%
55
5%
5%
;
25
I
23
*13%
•••
A
113
*112
113 '
*111%
10%
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25
*21
•
14%
14
14
s
77 *9%
25
"*21
14%
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A 14%
14%
113
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10V4
10%
10%
25
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15
14%
>.*111%' 113
"
'•'
Va
25
36
35%
36
36%
37%
37
11.700
'
50
113
>
42%
36
*35%
36%
21
*20
21
32%
31%
31%
31%
43
36
*20
21
*20
'
'
7
7%
20%
7%
*35%
Y
*20%
32%
.
7 Va
20%
7/
42%
32%
32
7%
20%
7
■
42%
42%
42%
35%
42%
20%
x42 %
36%
*20%
61%
61%
61
61%
*60%
64
;
39
39%
39
39;"
*38
38%
7'7.
42%
3,600
[.•
*36%
38
21%
*20%
21%
31%
32%
31%
31%
31%
*31%
31%
*31%
31%
40
V4
40 V4
*40
41 v;
*40
41
40%
40%
*40%
15%
15%
15%
*15%
15%
16%
16
I6V4
15%
33%
32%
103
*100
20%
*20%
20%
*20%
103
*100
103
32%
33
32%
32%
32%
*100
20%
*100
20%
32%
103
*19%
20%
47%
*47
47%
40%
7"' 39%
*47
47 Va
47
47
*38%
39%
39 V4
40
40%
22%'
23 %
23
22%
22%
23%
23%
23%
64%
65
90
1.080
20%
300
Devoe
100
,
60
;
& Raynolds
Diamond
6<%>
partic
*123
*111%
123
*111%
112
12
12%
123
123%
112
112
112
40%
39%
12%
12 V4
.
65
64"%
123
39%
39%
39%
65%
65
65 %
124
12%
Dixie
66 Va
68%
9.400
1,300
Dow Chemical Co
13%
125%
'125%
125%
125%
125%
117%
117 »A
117%
118
118
125%
125%
*117
118
117'A
117%
116%
12%
12%
13
38%
38%
15%
16%
17%
*l66Va
*190
167%
167%
'
193
"189'
'
16%
1? %
7
12%
167%
*189
38%
39
*16%
17%
13
*16%
16%
164
164
1.200
192
189
189
50
22%
22%
;*22%
22%
*21%
22%
44%
44%
44%
44%
13
13%
13
13%
4%
4%
46%
47
*45%
46%
22 %
22%
44%
44%
12%
13
4614
13 Va
•'
*4%
4%
91
4%
91
65%
44%
*15
*64
*105%
14%
*101
101%
101%
*11
4%
4%
*91%
*44%
,
13%
4%
4%
*84%
33
13%
•
33
*85
44%
*32%
15%
65
15%
65
106
105%
15%
103
14%
*101%
101%
101 Va
1
102
*101%
%.
4%
4%
4%
92
*91
86%
*85
44%
44%
34
*33
16
15%
65
4%
4%
4%
92
92
22
Elastic
Electric
12%
13
14.600
15%
103
*%
4%
4%
4%
2,900
93%
92 Va
45 Va
.45
45 Va
44'A
16 Va
15%
*63%
101 %
2,900
45
*105%
102
4%
45
66
101
102
*4%
87%
106
14%
4%
15%
14%
102
101
102
101
101%
n
*101%
16
15%
65'%
16
*63%
65 Va
*105%
106
106
14%
14%
14%
101
101
101
101%
101
101%
m
101%
101%
101%
1 5
15
*%
33 Va
33%
1
11
11
11%
10%
11%
11%
11%
11
11
10%
11
10%
10%
10%
11
10%
*53%
54%
54%
54%
54
54
Far
53%
footnotes
see
.
53%
paae
1410.
•
*54
4
15%
*63%
106
14%
100%
101%
"101%
1
87%
44%
«J.>%
700
$6
1,700
500
16
3.700
65
100
106
90
14%
101
101%
101%
1
$7
8,700
750
310
80
Electric
'
x27% Feb
par
95
2,600
tEquitable
11%
1.900
Erie
7.800
55
56
56
600
RR,
Ctfs
5%
of
96
Feb
119%
Nov
15%
Jan
26%
Jun
125
Sep
6
27% July 17
10% Sep
3% Jan
5
7%
Oct
17
Jan
19
Mar
12
Jan
19
Jun
Jan
116
108%
Jun
10
24%
Jan
43
29
36% Sep 28
22% July 5
Jan
26
39 Va Sep 29
45% Jun 27
Jan
36% July
Jan
20% May
12 :
Sep
July
July 10
8%
Jan
17%
9% Mar 22
3%
Jan
10%
Jan
10% May
22% Julv
37
21
July
42
Sep
17% July
36% May
14
Apr
Y
Va July 26
16'/a July 10
113% Apr 12
22
5
40
100% Sep
20% Sep
Mar
48%
Dec
Apr
17%
Jan
35% July
26
Jan
33% Mar
37
Jan
42 Va
5
8%
Jan
17
9
21%
Jan
35%
22
83%
Jan
20
10
Jan
16 V4 July
1
100
Nov
May
Oct
Dec
Aug 28
38%
Feb
45
July
22%
Feb
34
Dec
21% May 12
47
May 13
114% Apr 26
27% July 12
15%
Jan
25%
Sep
68% Sep
44
Nov
14
11% Feb
Feb
137
20
*106%
16
7.;
Dec
107%
Dec
Jan
35 Va
Jun
5%
Jan
10%
Dec
9
Jan
13%
Apr
134
Aug 30
41% Sep 29
19
Nov
73% May
153
May
122%
113
21
8% Apr
Jan
159 Va July
Dec
130
Sep
28
11
17% Jun
7
162% Jun
28
19
128% Mar 24
124
120% Jan
115%
Dec
123% Jun
6
116% Sep
26
10% Feb
28
33
25
3
Apr
6% Jan
20
6
9%
Nov
11%
40% July 14
31%
Jan
44% July
17% Aug 15
3%
Jan
146%
Jan
8% May
170
May
Sep
184
July
14 Va
Jun 29
Feb
7
171
175
Jan
24
195
Sep
9
xl73
41
Jan
3
50
Jun
30
35
Jan
45% July
22% Sep
25
11%
Feb
19
15 % Sep
29
30%
Jan
Nov
39 Va July
14
Mar
16% May
1
15 Va Sep
29
4
Apr 18
37% Jan
-
45% Aug 18
Jun
Sep
13% Sep
25
8%
4
5% Jun
16
1%
Jan
3% Jun
9
5% July
3
1%
Jan
Jan
92
Nov
Nov
10
5% May
6% May
81% Apr 25
99% Mar
3
31%
78
94% Mar
4
28 Va
Jan
88%
47% July 11
34% Aug 31
33%
Jan
42%
23 %
Jan
Apr
24
39 % Apr
28
27% Feb
7
15
Sep
13
17% Sep
'
57
% Jan 25
101% Jan
8% Jati
i
68% July
19
108% Jun
?
16% Aug
87
Jan
3
Jan
3
% Apr
25
104
3 •
49% Jan
161"% Dec
2%
Jan
58 % July
103%
Dec
9%
Sep
54
Jan
92
57%
Jan
92%
Sep
Jan
96
Deo
July
62%
•
%
Jan
1% Aug
1
10
par
No
pat
9% Jan
4
13% Mar 22
8%
No
vat
9% Jari
3
13% Mar 22
8
100
46% Jan
3..
Sep
Sep
Aug 23
103
92% Jan 10
5-
'25
Sep 26
:<t2
89
*32
5
*
No
-
Dec
3% Jan
No par
int
Aug
121% Sep
157
—No par
No par
Bldg
Jan
131
29
5
28% Jan
106% Jan
10
Service
pref series A.
Sep
9% Apr
24 V2 Mar
45%
48
-
Office
Dec
Nov
45% July 10
100
common
benef
Jan
5%
14%
4
No par
3
„4
50
Battery
$6 preferred
11%
17
5
No par
No par
$5V2 preferred—
11%
1
7
Dec
3
No par
preferred—
10%
Sep
6% Jan
17%. July 12
116
33% Jan
shares
.Tohnson Corp
11
Jan
43% Jan
4%" preferred
$5
Jan
30%
15% Jan
1
5
3
Light—
Public
1%
July 11
29
13% Jan
•
Emerson Electric Mfg Co
Engineers
Oct
7% May
11% Aug 31
11
38% Mar 31
No par
1st pfd—100
•El Paso Natural Gas
Endicott
107
par
—
Storage
Jan
Aug 10
& Co
preferred
preferred
11%
'
10%
1
L0
*10%
.
*33%
92%.
100
Aug
Aug 29
Co—
& M»s Ind Am
Electric Power &
Jun
2
108
64
Stop Nut Co.—
Auto-Lite (The)
Boat
1
26%
40
Airlines inc.-—
Electric
Elcc
Out
29% Sep
Jan
32% Jan 31
Corp——5
Eastman Kodak Co
No par
6% cum preferred
100
Eaton Manufacturing Co—
4
Edison Bros Store* Inc
2
400
86%
*64
500
>22%
Dec
18
8
Eastern Stainless Steel
200
*85
33%
(E I)
$4.50
*a«tern
.
5
—No par
—
Eagle-Picher Lead
Jun
115%
3
52
par
'
86%
*32%
1.200
93%
93
Corp
de Nemours
P
45
86%
33%
465/a
4%
4%
Dunhill
15%
86
106
105%
101%
fg
4%
•
17
A
No par
Co
No par
International————1
Duplan
*441/4
15%
12%
16%
166
*44%
45
600
2.800
165
44 V4
y;
44
8,400
13
38%
*189
22%
*21%
170
167
47
18
18
$4 preferred series
preferred
Duquesne Light 5%
192
46%
36% Apr
32% Apr
Dresser Mfg
1.600
118
r
par
No par
Du
166
46%
46%
*16%
100
*189
167%
192
"
46%
*46 %
13
38 Va
May 24
5
21% Jan
—•—No par
2.800
>•
125%
125%
13
24.400
16%
154
*117%
38%
*38
17
5.800
13%
*15%
153%
:>
200
41%
13'A
14
16%
154
153
12%
39
13
•
17
167%
192
113
40%
*15%
125%
38%
125
*110V8
40%
16%
125%
12
X124%
112%
38%
13%
*125%
15%
124
123%
*111
40%
152%
152
38%
111%
12
111
2
Douglas Aircraft
152%
152
12%
123%
4
6% Jan
19% Mar 17
13% Jun
——No par
4,600
14%
Feb
105
12
—No par
Co
Mines Ltd
22%
Jan
Jan
25%
56
28
9%
7%
10% Jan
140
21% Apr
82% luiy
22% Aug
Nov
x66
Oct
July
5
Feb
Class A„————————No
Doehler Die Casting
22%
Sep
38
27% Dec
29% Mar 15
Apr 25
14% Jun
9
114% May 20
preferred———100
Cup Co———No par
66%
65
4
Jan
18%
10
28% Jun
Ltd——No
Corp-Seagr's
Dome
*15%
*16
151%
16%
40
12%
16%
151
16%
151
111%
40
151
*16
*122
18
4
143
25
Apr 24
4% Jun
6
.23
'
64%
Jan
July
29% Jan
preferred
1.600
40
17 %
No par
Diamond T Motor Car Co
Distil
'■
No
A
Match—
22%
x22%
28% Mar
41
Detroit Hillsdale & 8 W RR Co__100
5%
47%
40
3
12
3.900
*47
4
18% Jan
103
*19%
40 Va
Jan
36% July 10
81% July 5
———20
400
\3.400
47%'
*40
4
3
V
20%
47%
40
Jan
3
32%
32 Va
99% Aug
5% Jan
16%
*100
103
*19%
"
*47
32%
32%
*100
41
Jan
17% Jan
31%
1
81%
17% Jan
.'•;
39%
31%
41
103% Aug 10
—50
20 Va
31%
20
——-10
Deisel-Wcmmer-Gilbert
65
65
Oct
17
Delaware & Hudson———_ 100
Detroit Edison—
38
Oct
47
7,900
3,300
*60%
31
Jan
20
6,800
15%
15%
——No
7%
38%
Aug
Jan
5% Aug 25
100
—
20%
38
23 Va July
Jan
97
—1
7'A
41 :
*31%
pfd
20 .J
38%
23% Mar
Jan
9
11%
22% Jan
(The)— __1
7%
•
Jan
37Va
101:
No par
Delaware Lack & Western
7%
108 %
Jan
16%
19% Aug 17
22 ft Jan
pfd——100
Corp
Co
&
Preferred
22% July
Jan
95
'V
•
Chemical
Sep
6
May
2% May
Jan
14%
Apr
61 Va May
Aug 21
49% Aug 29
112
No par
No par
-—No par
—1
;
47
186%
Jan
li
39
1
11% Feb 10
ui—
Dec
Apr
Aug
17% Aug
20 Va Jan
10
100
X20%
64
69
Records Inc
Deere
600
32 V4
7%
38%
100
—100
Dayton Pow & Lt 4%%
42%
M 'A
36%
28
—
—5
preferred—-———25
Decca
31%
20%
*60%
.
97% Jan
No par
*60%
7%
•
AW*
!
9
Davega Stores Corp
3.100
*20%
21
32%
20%
.
20%
31%
43
15 % Feb
Jan
2%
23% July 12
3
3
Jan
53%
25% July 11
Jan
53
37
110% July 21
3
45
15
Jan
Dec
173
28
7
20
Jan
16% Jan
27% Feb
;«
(The)—.
27% Jun
18% Feb
20
Jan
13%
Aug 18
104 % Jan
—100
2
No par
No par
Cutler-Hammer Inc_
3914
'
36
;
5
27% July
45
x9%
5
July 31
6
No par
Curtiss-Wright
37%
'
35%
34%
33%
33%
13% July
52
25% July 12
51% Sep 21
3
Y
5
3
;
preferred
Davison
4
:•! Mar 20
37% July
■
22
J an
a
$7 preferred
Prior preferred
5 %
,
15%
14%
*111%
111%
111%
4C0
lO'A
'10'A
&21
25
*21
Jan
Jun
1% Jan
Sugar——
'i:-.w
10 ":
10
'10
*9%
*?1
18%
19 % July
60% Aug 18
(The)
Cushman's Sons Inc 7%
600
25%
Jan
30 % Aug 18
7% May
Jan
25%
184% July 10
7% July 6
5.900
125
24%
"
16.400
.
17%
17%
*121
125
*24%
700
:
5%
5%
17%
17%
*121
24%
130
55 1'
55
55
17%
125
*J28%
128%' "
*126
54%
•
125
*118
127
*24%
25
'
128
127
'
55
5%
5%
*118
127
*118
129%1'
55
55
5%
7.
127 '
127
*54,
55
*54
220
4%
22
29
25
preferred
Curtis Pub Co
19.500
29
46
29
5
Jan
8 Va Jun
28
preferred——
preferred-i
4% %
'■
10%
10
"
900
,
Sep
15% Jan
preferred
——-—100
Cudahy Packing Co
—30
Cuneo Press Inc
I———
-5
•>,
108
*107
10%
10%
24 v:
;
27% '.27%
108
*107
'24
;
49 %
10% Jan
7%
150
40%
7
33 Va Jan
10
Cork & Seal
5%
47% Aug 25
31:'
38% Feb
—_1
1
of Wheat Corp
Cuban-American
Jun
52% Apr
Cuba RR 6%
240
11.100
16%
.' 15%
Al40%
.24
:
Jun
15%
44% Jan
Crucible Steel of Amer—
900
23
Sep
36%
Jan
173% Apr
$5 conv preferred
410
110%
Jan
_25
Co—
conv
Jan
26%
14
24% Apr 19
12% Aug 12
$2.25 preferred--——
No par
Crown Zelierbach Corp.———5
3.500
79%
150
——
Oct
96
—100
Trust Co
Bank
Dec
43% Jun 27
13% Mar 16
May 24 :
41% Jun 16
47
\
107
Aug
112% Aug 31
10
1
_20
Corp
Mar 10
10
'•16
Oct
5
32% Feb
5% Jan
Crown
'
79%
22%
15%.,:
15%
10%
34%
Electric
Sep
.
10
105% May
No par
Crosley Corp (The)
2.700
79 Va
27
26% Sep
500
35
7% Jan
—.5
Del-
goo
23
*140V4
28%
*107
10%
15%
15Q".
24%
i
15
••
Sep
110% Aug 30
27 Va Aug 22
5
Feb
-1
Products Refining—
5%
4
20
$2.50
Motors
Oil of
Jan
32% Aug
15
102% Jan
20
Insurance—
Exch
Cream
1.500
102%
102%
34%
34
79'A
22%
24%
108
10%
102% 102%
34%
*140%
28%,
*107
10%
102%
18%
19%
Inc—
Can
Crane
300
19%
Aug
14% Jun
Pow $4.50
Inc
'
19%
preferred
Internat Corp
37
Sep
16% Mar 10
Preferred
500
21%
*36
8
8
Coty
■; *45% ; 47
Feb
12
Coty
,
July
3% May
19% May
27% Mar
Corn
25%
21%
:
2%
V
Jan
Nov
5.000
,
% Jan
7%
17%
24
pfd
conv
2.000
,
25%
;
13 Va July 19
<"•'";
105
29
210
'
22%
24 %
28%
108
7'v 10
10
25%
25%
47%
15%
150
24%
28
*107;
108
9%
25%
*79%
.r
'
*107
:
21%
34
15%
.7:
7;.:' *140%
25%
.'*24%
28
*27%'
*3%
•;
37
102%
34
22%
...
'
4>,
3
Aircraft
2,700
6%
24% ''^5 <!'■'
"25%
'
109% 110v. /" 109% 109%
19%
V
;'102% 102%
7
34%
•:= 79%
7*22
22%
'
19%
>
6% Jun 27
25% Jun 22
6% Apr
24% July
Jan
Jan
25
Corn
179
25
47%
21%
*36
47%
34
33%
79
*22
102%
*102
33%
33%
*78%
*24%
36
19%
- ••
19%
102%
102%
109%
21%
6%
13
15%
91%
3
520
'
7
47%
19
108%
36
47%
178%
6%
*3%
25%
25%
179%
6%
4
25%
21%
36%
47%
v,.
*24%
21%
36%
48
4
3%
179%
6%
109%
109
7
6% V
-
25%
25%
.
25%
-
!
77
180
*178
6%
3% 7.
108%
25
21%
V
:
25%
■
109
*6%
3%
25%
107%
25%
*107%:'
r
6%
4
25%
17.9
179
178%
6'A
6%
4
'•
*177%
178
6%
24% Nov
*3% De~c
5
18% Jan
2.500
■'
Jun
21% Mar
Cornell-Ducilier
3,000
50%
Jun
25
29%
'
178
2% Jan
16% Jan
—No par
$3 prior preferred—.
No par
Copperweld Steel Co
5
Conv pref o% series—
—-50
3.900
21
11
Jan
10% Jan
25
July 10
108% Sep 26
Cooper-Bessemer Corp_
230
12%
20%
.
15
.1
Continental Stefl Corp
400
48 %
*48
23
102% Jan
Continental Diamond Fibre—*—-5
.>>;•>:; 900
12%
12%
47%
I
Jan
Nov
Continental
*42
21%
51%
21
7
21% Feb
7% Jan
July
13
par
5
27
2%
12
4% July
No par
—
Dec
Jan
17%
U
82
Nov
4.700
16
29% Apr
98% Jun
10
95% Jun 23
17
No
Y_
Vultee
Continental
29
28
Jan
21%
31
19% July 15
Jun 16
8% Feb 23
21% Jin 27
20% Jan
July
1 Vs May
'
36%
•
9%
Continental
700
H 28%
28 Va Aug
3% Feb
Industries——
Continental
*15%
,
No par
,•
•:
24%
1.300
28
-
3
'
25
16
•
"
3
24% Jan
——No par
pfd—No par
20
Continental Baking Co—No par
8 % 'preferred—.
——.—100
100
29
>
15%
15%
Jan
Jun
2
22.700
>.;•;>
Jan
Da
16
July 13
87% Mar 11
1 Va
1
Jan
.i.""
29
7%
-
9 Va
18% Jun
18
% Feb:
79
July 15
16% Sep
2.200
7%
29
*28
15%
15%
•::. >
28 Va
28
29
*23
,
12%
48%
58%
28 V4
48
12%
12%
51%
58%
*42
42%
42%
*48
20%
20%
■J*
15%
48%
*51
:
10%
46
73A
28%
12
12
;
10%
46%
Jan
'
■
Container Corp of America
3.600
/:/:•,?
112
29%
50 Va
;
July
107% Sep
44% Jun
3
'40%
10%
10%
.46% ; 46%
40
15
Y
12
Consumers
'
a%
8%
*110
40%*10% ,11 Yy\
,•%;
Jan
41
Jan
104%
6
Jan
$2.50
1,800
•40%
25%
10
July
47
——No par
Consol RR of Cuba 6% pfd—100
Consolidation Coal Co—
25
480
' 26%
":;
8,%
1 112
*110:
40%
10%
*15%
42%
*42
40%
103%
-26%
.
19
44
Jan
43% Jun
A 106% Jan
Oct
11% Jan
$1.25
"
108%
"
26 %
8%;
112
*110
109
7%
15%
*48
8Vt
8%
•77:
28%
28
!.
26%
46%
29%
27%
*27%
'•."*50
10 3/4
7
7%
7%
8%
40%
'40%
40%
108%
26%
26%
112
112
39%
,
J
45%
7%
26%
8%
;
7
114
>
39%
109%
109
109%
26 %
-
8%
8%
*110
114
*110
;
:
109%
V
''
7
26
<.49
■
7108% 109
26
26%
109%
*108%
•
49%
*49
No par
Co
30%
3
11
40% Feb
14% Apr
100
Edison
9
Feb
37% Jan
105
No par
:■
9
Mar
-1
300
*49
,
19% July
No par
preferred
Consolidated
1.200
*24%
98% July
Jan
; V $2 partic preferred—.——No par
Consol Laundries Corp—
—5
Consolidated Natural Gas—;—15
3.400
15%
24%
24%
.
$5
-
Consol Film
2.900
12%
*15%
•
•
33,400
12
Jan
"
11%
;Y 23%
79%
23
10
Edison of N
Consol
1,400
;
108
31%
"
15
22 % Jun
■
.
13.400
■
•
31 %
23%
93% Jun
Congoleum-Nairn Inc
600
>
*11%
23
14
—No par
Consolidated Cigar—
-—No par
$4.75 preferred ———No par
Consoi Coppermmes Corp
—_5
11%
22%
31%
Feb
16% Apr 24
39% Jan 25
Conde Nast Pub Inc
31%
22%
*11
84
par
100
3.300
4%
.
par
700
95%
*107%
107%
*4%.
73
18
*3% f 4
24%
24%
•".:•
77% Sep
Jan
26%
■
*26%
4
3%;
24%
*4%
5'7(,
>Y
108
108
108'A
5
5
4
3%
108
108%
4%
3%
24%
7;. !■:
Jan
37
preferred
Commonwealth
'
4
Jan
40 Va
80
:t
$6 preferred series
7,500
*25% ' 25%
96
27%
1%
85% Mar 14
7
Commonwealth & Southern—No par
3,200
*26%
.*16%
6
3
Feb
r
85
26%
27%
17%/
25
Jan
No
Co
Commercial Solvents
5,000
20,900
u
Apr
70
Credit-
conv
Jun
4
76
Comm'l Invest Trust
2,900
16'/a
;
% v
85% ; 85%
85%
85%
Commercial
5%
par
No
Carbon
5% Mar
Highest
$ per share
t per share
$ per share
$ per share
100
-100
No
Pictures
$2.75 preferred
'
1 7
Columbia
2,300
41%
*107%
,
85%
*95
'7
96%
108
•
4%
4%
*107%
41%
25
•
26%
*26
26%
*95%'
112%
Columbian
44%
*44
'
700
Lowest
Lowest
preferred series A
preferred
900
19
26%
"
18
*25'/a
v
44% :
41%
1
"
26%
18%
41%
*106%
45%
27%
:*17%
27%
•"*17
'
26
-
>18%
*43%
41%
15%
85
85%
27%
27%
18
26
4.5
15%
iil
60
15%
n
85
18%
44%
5%
r
86%
18%
41%
18%
*43
6 %
Year 1943
Range since January J
Highest
„
Columbia Gas & Elec__^
70
).»■?
//
Range for Previous
.
Par
2,000
>■
78
'
STOCKS.
>
>
>
Monday, October 2, 1944
EXCHANGE
18,100
>
85
*85
18%
15%
85 %•
*85
86
'A
41%
*106% 110%
110 Y
45%
44%
1
'78
86
44%
15%
45
15%
'
78
86
41
*106%
no
78
*85%
18%
45%
*106
4%
-
85
*77%
*43%
41%
4%
4%
85
84%
•
Shares
share
per
86
86
18%
41%
4%
4%
85
85
$
share
78
44%
*43
41%
41%
85%
18%
18%
*42%
77
$ per
."
:•%;
NEW YORK STOCK
for
the Week
Sept. 29
Sept. 28
78
*77 Va
77
85%
4%
4%
85
85
•••'V.;Sales
Friday
Thursday
v
$ per,snare
per snare
4%
4%
85
84%
85
jr
snare
per
4%
4%
4%
*84%
Sept. .26
Sept. 25
Sept. 23
Wednesday
Sept. 27
-
Tuesday
■'
'
PRICES
AND HIGH SALE
LOW
Monday
Saturday
Z
r.
FINANCIAL CHRONICLE
THE COMMERCIAL &
..59% July 17
39%
Jan
.."an
Jav
Sep
1V4 Mar
16% May
16% May
52% May
COMMERCIAL
THE
Number 4321
160
Volume
1413
& FINANCIAL CHRONICLE
RECORD
NEW YORK STOCK
"'■T*
Sept. 23
$
s
per share
*84%
*
12%
3%
:
<*8 4%
*84
12%
13%
13%
36%
36%
3%
; 3%
12%
12%
12%
1,700
Eureka
JJacuum
13%
13%
13% ' 13%
1,100
Evans
Products
40%
9.000
Ex-CellfO
4
3%
200
36%
36%
36%
3%
'
3%
*3%
88
39%
38
*3£
3%
$ per
78% Feb
5
6% Apr
19
84% Aug 24
13'/4 Aug 25
5
9% Apr
18
15% Jun
21% Jan
3
40%. Sep 2.9
-2.50
2% Jan
25
4% July 14
Cleaner.
Co
Corp
Exchange Buffet Corp_;—
15
Highest
per share
sharfi >■
3
xl2%
„
Yearm?,
Lowest
Highest
.•
# per share
—50
P/tts RR Co
Erie &
■*84 %
12%
13%
36%
'3%
36
>3%
*84%
;
Pat '- ' :
88
88
Lowest
">$;■ '"f'air
!Shares
share
12%
12%/
13%
:
S per
*13%
88
12%
,
f'sJ
Range for Previous
Range since Jannary 1
york stock.
exchange
the Week
Sept. 29
S per share
S per share
per' share
88
13%
35%
35 %
S
per share
84 %
13% ; 13 %
\
Sept. 27
/Sept. 28
new
Sales for
Friday
Thursday
Sept. 26
12%
88
12 >2
Wednesday
Tuesday
Sept. 25
!
stocks'
PRICES
SALE
HIGH
AND
LOW
Monday
Saturday
$ per-share
68'% Jan
78
Nov
3%
Jan
9%
Jun
5%
29
Jan
14%
Jun
Nov
29'/4 Mar
Jan
3% July
20
•.
%
<:•
-fj'tA;
■
39% *40%
39%
40%
v
40%
25
25
6
24%
25
25%
13%
137/s
16%
i?: *16
103
*102%
103
*16
U. 21%.
21%
*21 %
.
*21%
22
'■•V.
9
.
.
19.900
,'16'%
200
102%
110
9
9'
U:'yr 9
■
..:
9
■
■:V.; *22
V. 27%
'
101
100
ico
26%
27%
.;.
48%
48
■'.<
49
101
8%
•8%
*27%
161%
101%;
•••:
600
9
49
41
22%
*42
•'
22%
42%
43%
38%
*37%
30%
*30
49%
*42%;
42%
.22%
*37%
■
37%
*37%
30%
:
—
1081/4
300
■42 vs
500
First
.22%
3,000
*108
>■
:
37%
Flintkote Co
300
■371/4
-
Stove
Florence
.No
.22% Sep
27
Jan
/. 17
Jan
3
45
.8
51
103% Apr
25
10.9
35Jan
4
44
18% May
*6%
•
6%.
6%
*43%
45
*13%
14
14
>
i*22 >.
;i,
*22
1.7%
*16%
14
V
*22
*22 ■:
14
)*■
21
21%
*22
22%
22%
■■
v
'4
32
32
Food Fair Stores Inc
1,000
Food
3,200
5%
Machinery
12,000
104%, 104%
; 110
32
31%
41
700
.113
120
,':v; 31%
40
Y: 31%
31%
31%
32
39%
39%
39%
40%
40%
*40%
40%
*112 %v 113%
113%
113%
,,113%
113%
ii3%
113%
113
,113
5%
6%
6
6
6
6 Va
4,700
Gabriel Co
4%
4%
4% ■;<;
4%
4%
4%
4,600
Gair
39%
-
.
*40%
40%
■f
113%
16
Jan
18
-25
20
Jan
No par
pfd__. 100
70
23
,100
17% Sep
26
91/2 July
Jan
4
42% July 12
116
Sep
5;.
-
54
;.
Dec
75
Sep
Dec
Jan
May
151/4
Jan
17
Dec
19% May
21
Feb
29%
Dec
■; 13% July
Jan
50
16
Jun
53
,
Feb
5%
36% July 11
18
Jun
Jan
16%
3
Apr
28
22%
Jan
Jan
10% Jan
13
103
Jun
9%
5
15
29'% Jan
/ July
36
39%
Jan
—1
*109
>
12
Jun
:
Jan
Jan
3%
22
30% Jan
Co——
July
39% Jun
,
Jan
30%
Apr
105
43,
.
13% Jan
..10
41/2% preferred
V,
,
50%. Jun
19%
8
7
' 23% July
4
Co
Freeport Sulphur
FruehaUf Trailer
*31%. •31%
40%
,_10
F'k'n Simon & Co Inc 7%
700
■i;;
22
•',
19%, Jun
;
■r
15%
5
•66% Jun
■>
Jan
97%
14% Mar 28
1
Jan
Jan,
25%
5
8% July
5
Apr
98%. Nov
25%
May 13
31% Aug
531/2 Jan
1
6%
25% July
.
Jan
31% Jan
58% Mar
9
Jan
.
29% Apr
18% Dec
12%
.
Aug 31
38% July
3
43% Aug
11% May
-10
Corp
'•>'/.>: 16% >17%
22
&
100
preferred—44—4.
conv
Foster-Wheeler Corp—
6% prior preferred—,
Francisco Sugar Co——
>22
>,<•
104
104 '
..
1,100
62
•
.21%
,
.
17%
16%
17%
104
*102
OO
.
.::62,:
•
60
/,
3
Jun
109
5% May 16
-10
Corp__
1,200
14%
V ;4.Y 14%
62
Steel
Follansbee
6%
44'a
.
24% Jan
-No par
Florsheim Shoe class A—
30%
6%
14
17%
v
17%
104
•
44%.
62
21%,
22%
17
104
104
?61%
■
■:>.; ■'
:•
45
14%
21%.
.
6%
h
44 %
*29%
.:
63
-.*14
.'
*
45
*44
30%'
6%
I:/-.
1
*638
/
'
62%,
20%
yc
>'v
17
',
:
45
14
22%
104
104
-
*44
*61
20%
22%
*16%;
*102 ,:
>,
v
61
20%
20%
20
6%
v,
iV;
14 >
V,,
61
.61
*60
•t-
45
*43%
.'I
6% :
6%
:
Jan
105% July
42.
'
.
26% Jun ,19
4
13
34% Jan 13
'
i t*30 K 30%
t
78%
27% Aug 21
27
104% Jan
Feb
15
6
50% July 20
Jun 27
Jan
38% Feb
par
Jan
Dec
13
28% July 10 <
101% Sep
Jan
3%
May
11% Nov
19% July
18%
.
Mar
•;> 28
86
4
10% Aug 18
4
3
par
a—
Apr 24
5
par
No
—
6%
23
Jan
par
Co—_—_— .No
(The)
preferred-^
$4.50
1091%
m
37
-
.No
Stores_
National
26
Jun
93
1
22%
■
...
corp_„„i„__
42 %.
•
*29%
Enamel
Ferro
Aug
24
22% Jan
par
.100
.—$2.50
Fidel Phen Fire Ins n y
Firestone Tire & Rubber,.--- -—25
100
41/2% preferred
i
109%
*108
103%
.
*29%
38%
*37%
30%
•
800
No
3,300
•
105
5
."*107%
43%
22%
22%
22%
*108
1.300
49
Corp
Federal, Motor truck-'^—
Federated Dept Stores^.
41/4%
conv
preferred
49'/4
49.
*"..49 f.:
107%' 107%..;
108%:.
210
26
:25%.
-
'
38%
*30
49,
42%
*
109%
*108
110
*37%
49.
.
101%
*101
48%
*107%
K-
22%
*22%
;/
•i
26-;:
48%
49
494/8
108 %
*42%
•
22%
22%
*108,
110
*108
49%
108%
V
108%'
*108
26':
48%
'
•
*107% ,108%
41% v. <42%
27
48
"
.
101%
*26
48%
*48
2.200
21
19% Apr
Nov
8% Nov
24
18
Jan
.No par
Federal-Mogul
17% Feb
14% Jan
17
400
28%
'
27%
21
42
30% Not
26% July 17
14% Jan 17
—>„5
300
*8%
27%
:"//
27%
101
,
27
26%
27%
48%
'
*47%
27%
27%
y ioi
101
27%
48%
26%
*
27%
i\ 27%
41% Aqg 18
3
100
22%
.
3
18
9% Jan
15
Traction—
&
Light
Va Jan
21 '/a Apr
$6 preferred————^--..No par
2
Federal Min & Smelt Co
'
*27
Federal
22
22:
,
22%'"
*22
-
13%
'22 »;■;:
*21%
<
22%
22%
22%
*22%
9
9
22
14i/4
*16
102%
'14
:
22
22
22
'-*21%
;// 9
"v. *21%
21%
Fairbanks Morse
Fajardo Sug Co of Pr Rico_.—20
Farnsworth Televis'n & Rad Corp_l
.16%
*102%
; 33
-No par
8s Co
1.600
24%
24%
103
*16
r
103
'
«•
•'
2,000
7.41
40%
24%
13%
16%
*102%
103
*102%
<
•40%
24%
13%
.13%
■-.?
16%
16%
Vr.
r ;
*40%
J
24%
X-24%
14%
13%
13%
13%
16
16
nc2%
40%
#40
40%
2518 i
1
33% July
31% Jun
;•
G
5%
5%
5%
4%
*5%
'C 4%'
5%
4%
:::15 %
4%
4%
'■.*/
15%
*40
16%
•;*63%
15
/■'
39%
*15%
6%
\m ? 7
7%
.
!-;t
70
*63%
70
*63'4
6%
20%
;'
7
21
;■■.'
7
21
.49% ;• so
:
8%
*154%! 155%
9%
*9%.
v
;
8%
155%
8%
51%
155%
9%
7
54
:
/
54
*13%
*106%
50%
Gen
.16
6%
6%
,
*267s
y
27
.
*113%
.
*135
110
27%
42%
15%
>
98
7*16 7-
16%;
98
131
140
37%
•42%
..
114
114
140
I6V4
.*107%
109
*131
131%
■
27
42%
113%
113%
3%
3%
109 >
110
111
*131
617
62;
62%
8
130
52
»5i
>50%.
,25%
9%.
1%'
25
81%
82%
22%
22%
22%
23
•
.
85%
22%
19%
19%
19%
82%
88
85%
80%
85%
25%
25%
25%
25%
19%
'
28%
110%
*109
*109
•
-.
84
.
*104%.
*19%
87
16%
110%
*109
23%
23
105%
*105%
106%
105%
12%
12%
12%
13 Va
12%
87
87
87
.17
17%.
*85
.
.
17
98
17 V*
23%
23%;
,
49%
23%
88%:
88%
*85%
17%
17y»
17%
17%
17%
23%:
49%
2
%
2%
3%
3%
*3%
47%
.
'
50%
51
*102%
103
47%
.48
4.7%
48
47%
5%
111
16
5%
.5%
;
15%
15%
■'
...
111%
.mi
111
111
109%
109
51%
103
507«
.*45%; 15;%
-.
110
:!109%
*102%
51%
5%
5%
*4 %
4:,h
4%
4%
43i,
17%
17%
17%
*17%
13%
38%
38%
*38%
24%
24%
24%
13%
13%
38
•
16
37'ii
16
16%
37%"
*15%
38
38%
4%
4%
*17%
18
48
15%
5%
4%
18
111
15%
5%'
4%
17%
37%
*54
:
59
"
155
11%
'
5%
*163
.
4%
1,800
400
18
1,500
14
*38%
38%
,1,000
*23%
24%
500
16%
16%
38
38%
38%^
26%
26%
26%
26%
26%
21%
*154
,
;
155%
*154
59
*49%
50
50
50
21%
21%
21%
*11%
11%
11%
11%
*11%
19'%
20r,u
19%
20%
5%
5%
5%
5%
5%
11%
12
13
51%
52
53%
53%
53%
43
43
43%
43
43%
164
164
20%'
5%
164
11%
.21
5%
5% ;
•1631/a
164
1.3
12%
53%
54
53
53
43%
43%
43%
12%
12%,
"43
-
21%
...
5,000
Hi/4
1,300
21%
40,600
2,000
5%
50
165
13i/4
53
12,500
24% May
4%
90% Sep
14% Jan
19
••.'•■.
Jan'
Jan
39
8%
Jan
Jan
23% Mar
4
19% July 12
9%
Jan
15%
92% Sep
26% Jun
6
14
18% Jan
Jan
91
Jan
24%
July 15
113% Apr 22
23% May
23
31
19
25% Jun
1
108
Jan
14%
Jan
13% July 10
Jun 17
90
7
59
Jan
July 11
Aug
1
41
x99% July
25
14%
74
Jan
'Jan
i
.
1% May
1%
Jan
3% May
73%
Sep
97% Aug
19
24%
104
Feb
17
83
Jan
50
Jun
19
25%
Jan
3
112% Jun
26
90%
Jan
Gotham Hosiery——
.No
3
16% Sep
45%
Jan
Jan
54% Jun
Oct
1081/2 July
4%
Jan
9%
Aug
.7
fit
Jan
2% May
5
3%
Dec
6%
8
Jan
17
7%
Jan
13% May
7
5
19
18% Jun
15% May 18
9% Feb
Sep
41% July
5% July
3
3% Jan 20
1!4 Jan
/
102
.>
'5.;
July
8
16,
38% Sep
Apr
Apr
July
_10
32% Jan
3
29%
Feb
37
Sep
Co
-20
23% Jun
28
25% Mar 15
24
Dec
26
July
preferred——
3
13%
Dec
18
Apr
(W T)
Grant
5%
Nor Iron
Great
.Wo
par
25% Jan
3
.No
6% pfd.
par
24% Jan
3
29
100
143% Feb
—
Green
(H L)
100
Bay & West RR——
—1
Co Inc.—
Greyhound Corp (The)——
51/2% preferred
Grumman Aircraft Corp—.
.No par
57
11
preferred———
Gulf Mobile & Ohio RR^_
8%
...
Apr
18
3
Jan
26
123
17
•
156
8
Mar
2
Aug
21%
32"% May
Jan
23%
Nov
138
27%
154
Jan
Jan
Dec
3
57%
Sep
65-
5
31%
Jan
50
Sep
24% July 15
12 % Jan 24
14%
Jan
21%
Dec
11
Jan
13% July
67/
Feb
,.
50% Jan
Jan
,17% May
10%
Nov
61/2 Aug 12
2%
Jan
Aug 12
81%
Jan
3%
Jan
10% May
23
25%
Jan
41% May
50% July
21% Sep
176
29
-
5
Jun
160%
Jun
6% Jan
3
16% May 17
Jan
3
59
42 % Sep
15
40% May 19
44'A
Dec
July 17
May
5
22%
Feb
Sep
4
28
33
28%
27
35
Jun
38
Apr
Aug '31
12%
Jan
18% July
91/2
Jan
-No
par
.No
par
33
—
Apr/29
3% Apr
_25
nreferred-
17
19% Feb 17
11
100
15
May 23
43% Feb
—1
par
Corp—:
14% Jan
-10
Guantanamo Sugar———-No
Oil
25
July 12
39% July 23
Ore Prop- .No par
Western Sugar
Preferred
*5
8% Jan
22% juiy
48
Jun
6
Feb
>
May
14% Sep
85% Oct
4
4% May
1231/2 Sep
/
■fg Jan
3% Aug 21
36% Feb
104 y4 Jan
Jun
/: ;■' 9 % May
Jan
98
par
Dec
25%
60% Jan
5
17% Aug 18
40
Graham-Paige
Jun
113
Jan
4%
July
105% Aug 23
52
85% Jan
Sep
Dec
Jan
2% Jan
100
Jun
16%
Jan
—1
1%
59
15%
Apr
1
60
:;
■
15
4
45
1
Aug
15%
7
par
115
25% July 10
Jan
par
-50
■:
25
8
-No
Jan
Mar
par
Gulf
Jun
2% May
.; 251/2 May
Jan
17
.-Wo
12%
X104
Jan
311/2
Feb
x83
_Wo par
Nov
29
19% Feb
•7% Jan
32
par
1,900
43%
6% July
Jan
.Wo
7,800
53 %
43»/a
r
700
Jan
.No
Green
50
21%
11%
'21%
19%
j'>%
50
•
12
19% Apr
(B F)——— ..No par
Great Northern Ry
,59
56
July
131% May
13%
preferred —
—
Goodyear Tire & Rubb——
i$5 convertible preferred,:
Great
30
107% Sep
'137 .'■ July
Jan
Jan
3
Aug 24
51 Va Jan
3
6
—
Dec
Jan
19
—1
Motors-.
-_5
Granby Consol M S & P—
,_Wo par
Grand Union Co———
_Wo par
Granite City Steel—.——
Dec
2%
.
*
1,300
,
44%
Sep
3
120%
%
Jan
/ $5
_
;119 %
July
2% Aug 10
11% Jan
—
9,700
...
154
*54
i
1,800
16%
26%
-154
21%
11%
11%'
59
*54
20%
165
155%.
*54
21%
*163
,
39
26%
16%,
37%
16%
38%
16%
38%
164%
43
*4%
*17%
.
•
55,200
*13%
21
rl65
51/4
24%
.51%'
,
:
4%.
17%
3,200
16%.
5 Va
5%
500
110%
15%
.
120
3
69
Brewing Co
Telegraph Co
Goodrich Co
5,900
13%
50
165%
iio%
111
47%
38%
59
5%
5%
;
.47.%:
:
,
—
441/9 July
1% Auc*
93
NOV
39% July
i>
17%
28% July 10
5
11
Jan
par
Gold & Stock
200
13%
50
%
4,400
103
24%
*54
•
50%
50%;
38%
50
11%
11314
.112,,
13%
59
19%
tGoebel
230
39
21
4
19:
*
1,200
24%
13%
155
155
1.700
*24
49%
21%
11%'
26%
156
*54
•
49-%.
21
'39 %
•
*
156
49%
26%
26%
26%
*26%
2%
3%
103
16%
*16
2%
i:
2% July
Apr
4%
,
par
preferred
148
;
.
125% Nov
11% Aug 21
1% Apr 25
19% Apr
112
._No
(Adolf)
3%
*38%
13%
'
*155
■7
r:
50%
(The)
conv
i
i.
24%
'
41/2%
Gobel
103 Va
16
preferred————
Glidden Co
17
23% Jun
113% Jan
83% Jan
128% Nov
;
13% July 26
-Wo
—
.
29
Sep
98% May
-321/2 May
•;■•:,
'
————-100
;•
2%
3%:
47%
.7.
39
13%
38
24%
*13%
5%
5%
,
111
111
15%
100
98
,,
48
*110
50%
io9%ovt,^;nio.
50%f}vl
50
ftvl>102%
103:
> 47%
16%
800
*49
$6
300,
23%
50%
2% 0vl„„
*2%
3%ov.„:; 3%
98
,/ 23%
3
Safety Razor—— _Wo par
Gimbel Brothers—
2.400
"
■
4% Jan
99
preferred--
:.
54
18% Apr 26
6% Jan
3
110
conv
26
July 12
130% Sep 27
3
preferred——— -:
100
Tire & Rubber Co——.—5
$5
300
23%:
98
*97%
23%.
23%
49% ovi.. *48%
103
111
*17%.
*23%
50%
97%
28
36% Jan
Corp—_—-—_1
preferred
;
66
9
4%%
•
8
July 13
131% Aug 24
20
Gillette
89%
125% Jan
74% Sep
100
Jan
117
4
18% May
:
Jan
34
Aug
8% May
Jan
30%
3
4
Mar is
22% Jan
11.000
88%
Jan
'':
130%
v
Jan
Sep
;
Jan
-v
•
9% Jun
■
i
'
3% Sep
140
Jan
20%
39% July 11
11
$6 preferred—Wo. par
6%
13
Jan
151
i
Jan
Jan
Aug
51.
Jun
9% Jun
•
' 71% Jan
:
'43% July 12 1
117
■
Mar
2%
7%
.
•107
v
Jan
4%
,
29% July 12
153
Sep
8
10
17
51% Feb
General
1,000
105%
12%
2%
110%
700
23%
*104%
3%
103
*231/8
23
Gen
1103/4",
*110%
110%
128
General
1,100
28 7:
7
12%
2%
,61%/:
28
1
Apr
Telephone Corp—20
Time Instru Corp.
—Wo par
Gen Steel Cast
12,300
92%
25%
40% Jun
112
;3
102% Aug 14
Y/2% Feb 10
•
par
Jan
134
20 /
!
Jan
5%
7% July lo V
18% July 10 >
24
Adv A
Outdoor
General Shoe
1,600
>
90
25%
;
29
23
19
*18%
19%
25%
106%
3%
*,101%
1,700
12%
2%
110%
?"
23'/4
*104%
3%
.!
105%..:
2,400
13
2%
,
/
34.900
90%
397/a
*110%
23
*97%
.
43%
*48
.,
19%
25%
28%
~2
*22%
23%
28 VB
•
89%
87
88
.
1%
17%
.
97 v2
23%
.
49%
;*48
i
7:
*85%
97%
97%
*96%
,:
23%
23%
*48
4
*109
19%
1.700
25
*24%
'/
22%
25%
"1%
*1%
"2
86
22%
800
*120
16
Feb
Common
5.000
10
./
^
:,
110%
:
23%
17
*96%
28
28
25
1%
84
23
"1%
*1%
"l%
88%
23 «.'4
12%
*85
86
*25%
.
105%
105%;
12%
110:,i
;
*22%
19%
*27%
1%
22%
Feb
35
par
par
:.—No par
Nn par
Gen Precision Equip Corp—No par
Genpm.1 Printing Tnk—
:
1
$4.50 series A preferred—-No par
Gen Public Service——.4—!
10c
Gen Railway Signal
No par
6% preferred
100
Gen Realty & Utilities.
——1
$6 pref opt div series
No par
General Refractories—Wo par
Gen
3,700
*105
;
*24y8
*120
23 <4
23%
•
28
28
*27%
25
•
87%
25%
'•
"l%
24%
"i%
25%
*19
*105
140
par
102
preferred
$5
1.000
11%
;; 9%
10
10 ■?
r
54
53%
7X11%
23
22%
9%
*120
22%
83
11%
*1%
•
1%
n.;
53
11%
':■>:, 400
19
No par
—100
—10
-No par
General Motors Corp-—
12,500
130'%
*130
■*
51%
23%
61%' i 62%
.'
11%
*104%
85%
1%,
,~1%
81 %
)i
>: 23 !4
1%,
uir;»
24%
•
62
130%
*130
51%
11%
10
61%
130%
*51
/
*120
1%
',
:
108
"i%
25%
130 '
23%
a
10
*104
*120
,.
12
22!
%:
*1%
1%
25
'24%
*120
9%
*103
107
*1%
•
22%
9%
10
*9%
51%
11%
62%
62
62 3 8
129%
51%
'
11%
22%
/
22%
22%
'103 :
62%
129%
51%
11%
11%
*11
'
■
62%
130
*129
4
4
25% Apr
115
preferred—
5%
v
6% Jan
Jun>
14% Apr
53% Apr
11% Dec
,
Jun
37
6
11% July
•
81% Jan
-
series A-No par
$6 conv preferred
General Mills
'
*129
A
/;
50
131%
Corp
Foods
$4.50 preferred
Gen Gas & Electric
.200
*108
131%
109
*131
/
70
12,600
3%
1
140
140
,140
*138
131%
3% ;
General
2,700
••
114
114
?
No
—No
No
No
3
V% Jan
■;
cum
General Electric Co——
17,400
42%
42%
42%
:/
40
'
.37%
v 37
,
3
4% Jan
preferred———100
General Cigar Inc
No par
1% preferred—
-—100
7%
V
1,000
27
153
.;••
37%
3%,..
193
109
*131
'i
\
42%
;
A
Class
140
*152
27 v;
,
No par
—„—^No par
8
6%
Jan
.
102
14
9% July
,
51
27 ;
155% Sep
Feb
6% Jan
General Cable Corp—
v; 300
97%
:
151%;
y-i 37
141
*138
..■■;•
109
26%
151%
37%
114
3%
3%
3%
27%
151 %
151
42%
42%
*113%
,
3%
•
37%
24
143
97%
16%
98
26%
151%
131
*107%
131%
131 %
•
138
138
138
*107%
;
.
114
3%
3%
:
37%
42'4
114
3%'
151
37
42%
42%
*27%
*148
37 va
27,
*149'4
.
•37%
114
/;/
J
27%
151
367k
7% Jan
;
'
*149 *'a
51% Sep
.
.<
July 20
107% Jan
28
General Bronze Corp——.——
1,900
14 V4
11
21
general Baking—
—
.—5
$8 preferred——;—.—No par
6%
54'% Wlay 19 4"
Jun
400
9%
x21% Aug 30,j,
41% Apr
105
170
-
.
.
:"i lO'/a Feb
;——
No par
Transportation—
3
Jan
3
7% July 10
:■
3
Jan
2,300
6'/8
7/
7
*15%
97%
41/2 Jan : 3
13% Feb
1
51
8% v 8%
1551%
155%
9%
*97
15%
97%
97
96%
:
6%
6
6
*15%
16%
*15%
•
97
97
5%
,5%
5%
*5%
*15%
6
V
$6 preferred
'
v;
1
Wood Industries Inc_
Amer
28
20
2,300
7
30% July
19%
18'/a Jun
•310
50%
Jan
5
471/2 July 18
1,300
■
106%
14%. Oct
15% Sep
14
4,100
Jun
4% May
Jan
12% Jan
July
4%
Jan
25% Feb
*9% >10 ,7
8%
9%'
9%
Co
Gaylord Container Corp
—_5
51/2 r/o conv preferred——.—50
Gen Amer InvestorsNo par
.50
-
Gar
11,000
Jan
1%
9%
54
•
13%
154'%, :154%
155%%
v
6%
*20% ,■20%
;
106%
8%'
8%
8%
;
9%
./
*50
•
f *63%
2%
5
17
preferred
$3
July
5% July 10
v
No par
(The)—
Co
2% Jan
Ao par
preferred
6 %
Gardner-Denver
■.<; 600
7
2% Jan
No par
1
—20
(Robert)
Inc
Co
Gamewell
110
•
'
70
7
.21
*106%
106%,;:
50
j
155%
9%
•
!
.
■v
13%:
13%
•
7
21 ;
54 ;
./%
54
.
13%
*106%
51
8%
i; ,*155
10
*9%
4
>53%
.
%-t
106%
50%
50%
155%
8%
V.v :8%
13%.'
13%
•*106%
50»4
>.
v
54% ■'/•:
54
13%
106%
13%
*106'4
13%
106%
21%
20%
54
••*53%
*53% ,54
13%
20%
20%
70 %
*63%
70
*63 %
7%
-
*106,
40
*15% -16
16
900
15'%
39
15
39%
15%
16
15%
!
'
70
6%
20%
15
40%
15%
40
*15%
'
15
*147/s
*39%
16
*39%
15
40
16
41
*14%
*39
*15
*15%
•'
*v' 4%
(The) cl A
Jun
jot: u
H
00 v
O'H:
iJOi'.i
*32%
33
33
33 ?
33
>
*32
v4
32%
32% ; 32%
27%
28
19%
29
29%
29%
29%
28%
28%
*19%
20
20
20
*19v!>
1'978
19%
19%
19%
*14%
14 34
14%
14%
*14%
14%
14%
14%
*14%
29
107%
107%
*105%
18%
*146%
.
*107
106%
18%
7%
106%
107%
107%
*107%
106
105%
105%
106%
106%
18%
18%
18%
18 %
18%
*149
For
~7%
7%
*104
footnotes
sec
29 !b
io7-r8
18%
*146%
•
*7j
*104
106
i
i
107
page
7%
'*104
1419.
109
7%
*7%
*104
106
*18%
"7%
105
7%:
*104
32 %
i.iOfl
,
740
preferred class A
Hall Printing Co
Hamilton Watch Co
109
106
28'/a
*19%
19%
300
14%
1,000
14%,
"107%
105
30
109
210
106
~7%
105
18 V»
18VB
149%
18%
149%
20
•7%
500
7%
9104
105
.23
Water
400
■
27%
*149
*149
106%
*107%
15
*32
Hackensack
..
700
7%
6%
preferred
25
10
No par
—100
(MA) Co $4.25 pfd—No par
Harbison-Walk Refrac_
No par
e% preferred
100
Hanna
Hat Corp of Amer
6%%
preferred
clas« A———1
(modified)—100
Apr
27% Sep
15% Mar 13
11% Apr 26
106
Apr
11
102
Jun
14
15% Apr 24
Jan
6
138
5% Jan
14
104% Jan
5
38
21
16% July
111
3
July 24
104% Mar
106% Aug 11
21
July 10
Jun
8
8% Jun
27
150
110
July 12
131/2
135
41/4
86
15%
Jun
110 Vs July
Jan
18% July
Feb
144% May
Jan
Jan
7% May
109%
Oct
Monday, October 2, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1414
NEW YORK STOCK RECORD
Sept. 23
*
t per share
$
per share
*8Vb
8%
8%
8%
8%
6%
6%
6%
6%
6%
105%
105%
106%
106%
106
* per
per share
8%
8%
8%
*20%
20%
20%
20%
*20%
20%
*20%
*73
74
74
74
*72%
74%
207%
*72
*162?
%
165
*162
166
*162
21%
22
22%
82
82
131
*130
131
*130
*130
*68
70
122
122
22%
83%
131
131
100
Hires Co
500
Holland Furnace
500
Hollander & Sons
500
Holly Sugar Corp
7% preferred
23%
22%
22 %
*21%
*43%
45%
45%
45%
45%
*16%
16%
16%
16%
17 %
17%
'
16%
*115
*115
44
*42%
44%
17
*68
114
69
69
10%
10%
43
43'A
42%
43
44
44
44
200
17%
17%
17%
69
68%
68%
113%
113%
114
10%
10%
10%
10%
*32%
33%
32%
32%
1%
1%
1%
1%
1%
1%
1% '
'
9
15%
14%
4%
4%
*28%
28%
15%
16 %
36%
36%
a
4%
59%
104 %
*104
36%
37%
36%
3 8'A
60%
60%
60%
60%
60%.
60%
V '
580
14%
14 3b
14
14
14%.
14'A
.//
360
19%
19 %
19 %
'.
*104%
38%
*38%
38%
105%
*104
11%
8%
...
%
19'A
*19'A
38%
38'A
*104'/a
105%
104%
*104
*162'A
■
./•Z'
*82%
83%
83%
11%
11%
11%
11%
8,100
8%
8%
8%
*8%
8%
100
36
111%
7%
1,400
9
9 %
8%
9
8%
9
4,300
*17.9
180
174
174
180
181
181
181
80
%
80'
79%
174
174/,
79Tb
80
79%
79%
'
174%
174%
*180
180
79%
80
174%
,174%
181
3%
3%
3%
3%
*3 %
3%
3 %
3%
*3V8
17%
17%
17%
17%
17%
17%
17%
17%
17%
*71
73%
73'A
5%
30
•
30
*134%
137%
*134
30'A
29%
30%
137%
*134%
137%
19%
83
19%
19%
83 %
*19%
83
*9%
*9 %
•
40%
•
18%
*16%
39%
39%
18
18%
18
17%
17%
17
17%
18
;
.
17%
*17
17%
*38
17%
39%
*142%
39
*17%
17%
-
-U.
79 %
80%
■
International
*120
17%
*17%
17%
18
17
17
400
38
17%
39
38
400
*81%
13%
13%
13%
20
1%
82 %
14
*13%
20%
*120%
10
10 %
*70
82
14%
20%
*120%
10%
10%
10
69%
*81%
,
21
*20
121
'
14 Vb
14
20
121
21
82 %
*81%
82%
69%
70
*69%
70
107%
103
20%
*120%
16 %
•
'
9%
24%
70
24 %
6.300
Jones
70 Va
71
70%
400
5 %
83
200
5%
*82
82
14%
14%
20%
121
10%
'
;
*20
*120%
■
15%
10
10%
31%
31%
31 %
32
16%
*15%
16'%
15%
15%
16%
16%
*16
16%
23 ',2
23%
24
24
*24
24%
24 y4
24"%
24%
24%
*24%
*21%
22%
22
;v
700
25
*22
22
18
18
*110
114
33
33
33%
22
22
22
22
40
*38
40
18%
18
114
32%
6
70
70
25%
25%
26
*8%
9%
*9
*112
6
26
18%
114
36%
*35%
35%
35%
,
21%
21%
*21%
22%
40
40%,
*39%
41%
■
6
6%
70%
*69%
25%
6
69%
34
6
69%
x31
22%
18%
*112
22%
18%
114
*22%
18%
*112
22%
1,300
18%
114
34%
33%
34%
52,900
*21%
22%
22%
22%
500
41%
200
5%
1.200
*40
41%
'*5% ; 6
70
70
26
*40
5%
69
90
69
"
25%
9%
*8%
36 Va
10
25%
*8%
35'%
36%
36
36
35%
35%
36
35%'
35%
36
36
36
36
1,400
10
10
10
310
85%
88%
410
9%
*25%
*8%
900
26
9%
800
13
Sep
5
79% Sep 29
28
Jan
38% July
3
36
Jan
60
Dec
115
July
non-cum
43
j
Jun
71% July
44
Apr
18%
Sep
Jun
29
Jan
6
45
July 27
27%
Jan
32%
Apr
138% Jan
17
141
Mar 15
Jan
145%
Jun
1
—100
—100
1
3
18% Jun
135
9%
16
Jan
13% Jan
3
27
Apr
107% Jan
22
21
110
Feb
10
84% Feb
15
100
Jun
19
70
Jan
33% Sep
28
107% Sep
29
16% July
99'% Mar
26
38% Aug 28
34
Feb
July
109% Aug
92%
Sep
34% Sep 25
108
Sep 28
May 25
8
95
78
Aug
79
Aug
3
27% July 10
19%
Jan
26%
Apr
Jan
5
72% Aug 31
54
Nov
65
Apr
66% Jan
4
87
64%
Dec
82
Apr
10% Jan
14
8%
Jan
12% Jun
16% Apr
27
120% Jun
15
90
May
20% Jan
'
58
.
6% Jan
3
19% Jan
4
13'A Feb
preferred——tlOO
Stores—~—:—l
(Julius)
Feb
127
Jan
18
& Co—;i._5
Kelsey Hayes WhT conv cl A
_1
Class B
1
Kendall Co~$~6~ pt~pfd A—~No par
Kennecott Copper-——
-No par
Keystone. Steel & Wire Co—No par
Kimberly-Clark Corp--.—..No par
Kinney (G R) Co—
—1
$5 prior preferred
No par
Kresge (S S) Co
——10
Kresge Dept Stores-1
Kress (S H) & Co
——No par
Kroger Grocery & Bak
No par
300
33%
4%
July
Jan
Si Fnrn
10
L.of ser B—.No par
City Southern—
No par
Kayser
400
25%
26
35%
,
39
Jan
1
Kaufmann Dept
% 400
•
9%
35%
*9%
18%
114
33%
36%
35%
18%
*112
22%
33%
9%
*35%
22 %
33 %
6
70%,
22%
31%
Aug 28
9'A
Stove
6.400
32
31%
Jun
47
10%
Kan: City P &
Kansas
92
19% July 17
pref series A
pref series B conv
Kalamazoo
300
37%
4
13
56% Jan
Johnson
-50
121
20
Dec
20 lA July 10
Joy. Mfg Co
5.-300
20%
.
11%
4
—12%
preferred ser A
—100
& Chicago RR stamped—100
& Laughlin Steel.
No par
Joliet
*30%
,
31%
107%
*99
24%
69% .Dec
Jan
19
Johnson
24%
14%
Jan
3%
Apr
1,-100
*99
Jan
45%
21
12 Va Jun
85
Jan
1.000
108
8%
July 18
3
15
98%
24%
20% Aug 30
7
11
15
34
108%
19
Jan
4
.17
20
Jan. 25
13% Jan
111
26
May 18
,
July lo
15% Sep 29
>.
xl2%
Feb
25
Jan
121
21% Aug 18
124
'*■
Dec
■T
14% Mar 28
5%
19
19%
Sep.
127
Aug
Jan
10%
Apr
Dec
29%
Apr
6
7%
Jan
17
Sep
Aug 31
11%
Jan
17
Sep
29
14%
Jan
19% Jun 29
115
May 8
8%
Jan
39% Mar 11
17% July
X26
24% Jun
102
24% May
,
v
16% May
113
Jan
Apr
•
29% Jun
9
34% Sep 28
28%
Jan
35%
19% Jan
7
23% July 11
15%
Jan
20% July
31% Mar
4
40% Sep
.,25
26
Jan
A 34
Apr
July
"
,*l7/a Jan
6% July
fob
17
54% Jan
28
73
Aug 31
34%
Jan
58% July
Feb
11
26% Aug 29
18%
Jan
24'A
Sep
10
July 13
2%
Jan
10%
Apr
1
36% Sep
3*6 % July 22
23%
Jan
32%
Sep
24%
Feb
32% Nov
9%
Jan
3
22
6% Jan
25
27% Jan
4
31 % Jan
4
7% July
7
•
E
10
10
87
*86
10
*86
9%
10
*9%
87
*9%
84%
86
84%
*85%
86%
27%
27'%
27%
*24
25%
*24%
24%
24%
25%
25%
*43%
44
43 %
43%
*42%
43%
*42%
10%
11
10%
11
10%
10%
29%
124
*4 Tii
*29%
30
.11
10%
29%
*124
5%
5
5
29
28%
30
126
*124
124
28'A
5
«
29%
128
5%
28%
Lambert Co
2.100
29%
29 %
25%
*25%
26%
25%
25%
43%
*42%
43%
42%
42%
10%
11%
11
11%
32,500
29%
1,400
126%
50
29%
29%
29
125%
125%
*124
5
29%
29%
29
5%
5
*1%
1%
1%
1%
*1%
1%
1%
1%
1%
24%
25%
25%
25%
25%
25%
25%
25%
25%
29
126%
5
1%
26
*28%
*124
4%
1%
14
104
May 31
35
Jan
73
Apr
30
July 12
17%
Jan
29%
Jun
17% Jan
17
19
27
11%
Jan
19%
Jun
38
Apr
24
Jan
Jan
3
44% Jun 26
11% Sep 29
26%
8
8%
Dec
1%
25%
Lehigh. Portland
4,700 0
■&%
conv
.6%
conv
Lehman
Co.—10
preferred
Corp
(The)
33
32%
33
33
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%.
41%
41%
41%
41%
42
42
42
41%
42
41%
41%
1,800
Lerner
52 %
52
52%
52%
7%
52%
52%.
52%
52%
52%
52%
2,000
3
7% Mar 21
par
—50
1% Jan
29
15% Feb
4
28% July
—1
29% Jan
4
36
7'%
7%
7%
7%
11.200
*44%
45%
*44%
45 %
*45
45%
*45
*78
80
78
79%
*77
79
77
78
80%
80%
79%
80%
8011
79
78%
79%
*76
80
79
79
*179
180%
179%
*180
*38%
...
1,300
800
46
79%
79%
42%
7%
45%
*44%
*29%
32%
7%
45%
7%
80%
33
7%
*44%
7%
179
33
179
..
43%
38%
For
44
*38%
footnotes
180%
*179
180%
179%
31
*29%
180%
31
700
1,700
70
200
see
31
30%
30%
*29%
31
*29%
43%
44%
43%
44%
.43%
44%
42%
43%
12,300
38%
38%
38%
38%
39
38%
33%
38%
38%
800
page
1419.
Series B
Preferred
Link
Wks.
Belt Co—
Dec
July
120
July
107%
Jan
2%
Jan
8'A May
Jan
2%
11%
Jan
20%
24
Jan
32
21
3
J.9
July 11
Jun
Jun
July
18% Jan
5
14%
Jan
22%
Jun
36% Feb
14
237/a
Jan
38%
Dec
Jan
3
53% Aug 21
31
Jan
43%
24
8'/a July 20
5
Jan
8%
30
Jan
42
par
Jan
8
21% Jun
x43
July
48% Jun 27 '
HZ—25
68% Jan
3
83'A Jun
27
62
67% Jan
13
86% Jun
26
62'A
174% Jan
8
181% Jun
..No
par
No par
-No
par
,
26% Feb
36
Apr
3
25
37
Jan
6
27
31% July 10
44 %
Sep 25
42 % Jun
27
July
71
Nov
100
Dec
Jun
41
Dec
25
——
Lima Locomotive
Oct
9
29
►
6% Apr
-—.—
Lily Tulip Cup Corp
39%
Oct
par
39
Savers Corp
Liggett & Myers Tobacco
Jan
1
5
-
Stores Corp———A.—No
—No
Libby McNeill & Libby
Life
,
44%
*30%
31
*179
79%
Lehn & Fink Prod Corp—
20
2% Jun. 30
Libbey Owens Ford Glass-
7%
52%
7%
52
33
5 '
6:
7
% Jan
——
20
33
July
31
26
Jan
4
No
—,
•
125% July
Apr
113
50
33
<3?
21
25% Sep
-100
Cement— .-•—25
preferred-
*41
32%
par
Rubber & Tire
Lehigh Coal & Navigation
'
No
—
—
9 % Jun
100
-
...
——
2,700 »;■ Lehigh Valley RR—
1,100 « Lehigh Valley Coal
5%
25%
Lee
16% May
Jan
Bryant
Lane
400
200
.
17
13
62
26
Co
preferred
5 %
Jan
3
100
—No par
(The)—.——
Laclede Gas Lt
•;
Apr
July
35 % Jan
par
*97%
24%
36%
138
Feb
'
No par
*33%
*99
Dec
16% May
98'A
*108
Nov
16% May
33%
24%
25
129
Jan
33%
108%
5
27
32'A July
135 Va Sep
Jan
*97%
24'/a
3
Jan
33%
*99
19
Jan
6%
98%
*107%
Apr
6% May
6%
a
24%
Jan
102%
98 3
—
6Va Jun 28
3%
3
33 34
108%
July
3
4% May
39 % Jan
4 % %
&
'
Mar
67
2
preferred
2nd
19
Jan
68% Jan
Jewel Tea Co Inc
1,900
Jan
Jan
55%
7% Feb
Jarvls (W B)
500
17
35%
112
%
11%
July 20
78
22
34 %
*35'A
*110
Jun
July
Jun
98%
*110
17
17%
35%
112
177
19% Aug
34 V8
35%
74%
Jan
Jan
20'A Aug
*98'A
*17
56%
Sep
12
98%
35%
112
162
>
Apr
12
34%
35'/a
*110
112
July 11
82
175 %
28
Mar
177
11% Jan
97%
17%
17'A
17 3b
35% /
35%
*110
Jan
11% Jan
.No
:
Corp
144%
3Tb Aug 23
117
Island Creek Coal
$6
*15%
%
Intertype
*142%
*142%
31%
6
1
5
Aug 21
par
No
Dept Stores
Interstate
800
Sep
181
.No par
Foreign share ctfs-
1,800
17%
Silver—
Intern'l Telep & Teleg
20,000
17%
•
Mar s
13V'a Feb
preferred
7%
100
140
.16%
70
.No par
50
International Shoe——
500
9%
18% Jun 30
66
100
900
3
Jan
3
130
par
.No
Nov
6
4
25 Va
/
15
preferred-
Jan
6
4'A Jan
1
International Salt
115
106
3
8% July-
13
65
100
79%
*15%
*38
e5%
Apr
8% July
38% July
Jan
1% Jan
■('
No par
41%
*30%
*17%
-
.
15%
Nov
15Va Jan
25
,_5
Co
75%
17%
165% Jan
conv preferred.
Inter Rys of Cent Am
•'
Apr
July
10% July 10
.67% Apr 25
100
Co—.
1
No par
preferred
100
Johns Manville Corp—_—-No par
70
■
*110
vi-
114% Mar 13
par
//* 5%
200
46
27
27
par
-100
Paper
9%
Jan
29
..No par
;41%
18
*17
400
Z'45
:./
17%
*38
*142%
,
17%
17%
35%
24%
82
9%
125
125
17%
39%
r
„
*99
70
*19%
125
*120%
*17%
.
112
*108
,
"'121
74
,
4,200
10%
Jun
78% July
Jan
154% Feb
—
International
15,600
84%
168
Apr
Jan
62
6%
3
34%
/
„
*81
41
74
41%
18 %
17
39%
*110
24
*69'A
41
74
*17%
18%
17%
97%
13%
125
35%
*99
46
17%
17%
17%
112
24
*120
18%
*146'A
Zw
i
19%
84'A
*9%
19 Va
158%
21%
27
preferred-
Preferred
44%
100%
7
6% Jan
100
Int Nickel of Canada
360
-
•
5
No par
International Mining Corp..;
10,500
Nov
86% Nov
Aug 29
8% Mar
6% Jan
Chem.
&
Min
19% July
12% July
29% Apr
109% Jan
Hydro-Elec Sys class A.
4%
2,500
.
30
■■
46
*45
,
125
17%
35%
*96
79%
*45
Int
International
200
13
Jan
40% July 17
28
par
.
4,400
-
135
9%;
*78%
v
*40%
40%
9%
9 %
80
*»■
78%
46
*44%
/
9% •/,
9%
80%
5
29%
19%
*80
v
73 Va
xl33%
84%
*72
17
,
18%
83%
74
18%
17%
*39%
*146%
19%
84%
40%
17%
,
17%
19%
84
74
*120%
V-
18%
.
4%
5
30 Va
136
19%
*72
*72
74
125
17%
*110
46
'
40%
40'A
•;
*135
84
9%
80%
*44%
46
<•44%
*39%
30
.
135%
83'A
'
9%
80%
9%
80%
*4%
5
30%
30
135%
73 Va
73 %
19%
83%
*79%
*72
73%
5
5
4%
5%
5
30%
5 %
*72
73 Vb
*71%
73%
/
May
May
Jan
32%
7
.No
Preferred
2,500
3%
17%
48
4
Aug 14
.No
International Harvester
340
Sep
par
.
Int Business Machines
'
'-
165
x87
No
1,000
■•;•
6
> 3
16% May
31% May
Jan
11 Va
5
9% May 11
preferred
4,600
tr
80
174%
106% Sep
.No
Interlake Iron
180
105
Jan
Jan
8
*
Intercont'l Rubber
7%
7%
174
8
3
7% Jan
1
■
2% May
18%
42% July 12
14
Mar
11% July
37
21
Jun
71'A Feb
20
Interchemical Corp
111%
3%
35
par
Inc
19% Sep
88% Jan
158
7%
17%
*17%
No
Co
36%
17
*18
Steel
111%
*3
17%
16% July 11
7%
79%
*72
4
36%
174
*120'A
Jan
15% Apr 25
35% Apr
29% Mar
A
29% Aug 25
8
111%
177
Jan
8
Aug
.—1000
7%
79
ii
6
5
36%
9%
Jan
26
111%
9
Jan
4%
Jun
7%
9%
22'A
67% Jun
111%
9 %
Jun
6
July
19% July, 10
-7%
9
10%
4
111%
83b
Jan
Jan
7%
7%
4%
% Jan
preferred
6%
Jun
5
46
Insuranshai*?6 Ctfs
180
2%
100
111%
-
Jan
16% Aug 23
4
%
■
7%
/
Apr
July
28
44
Inspiration Cons Copper
300
36
9 %
41%
3
36%
.
Jan
Jan
28 %
4
4
100
68% Nov
i
3%
30%
10% Jun
% Feb
*
July
2% Jun
1 % Jan
par
'
8
13% July
6
No pa*
57% July
114
37% July 10
11
12
No
Aug
July
17
.
Jan
70% July 11
3
Rayon
42% Sep
'45
July
Mar
59 %
25
111%
*36
1
Feb
7%
36%
Sep
10'A Jan
36%
*36
44
105
69% July 10
114
3
Jan
Jun
25
111%
,
Jan
1% Jan
par
11%
Jan
9%
3
.No
6 %
36%
12%
100
preferred A
Inland
Jan
17
18% Aug 23
21
22% Mar
Ingersoll-Rand
'.Z—
•
31
45
Feb
Industrial
*8%
*83
47% July 13
1
3
par
$4.50
4
; ;
Apr
100
Co——
17% July
Jan
3
Feb
i
Aug
30% Feb
_No
300
7
3
Aug 15
Apr
ctfs series A
See
40% July
17
3
24
Jan
117
Jan
20
28%,
Jun
Jan
8
25% July
Sep
Jan
-No par
1
21% May
Jan
115
18
117
7 %
Jan
16%
3
13
23
63
Indianapolis Power & Lt
Z^Z
104%
„
RR
17% Aug
10
Feb
39
900
38%
105%
13% Jan
900
19%.
4
Jun
87
136% Aug
14%
100
Central RR
111%
36%
Aug
& Sra Ltd
Leased lines 4%
300
84
.118
100
preferred series A
6%
2,200
11%
11%
.
14%
*162%
*82'A
82
11
*8%
8%-
104'A
104%
*162%
'
82
81
104%
104'A
*162'A
—
*8%
8%
*36
174
37%
60%
11
11
177
*36%
81
82
111%
37 'A
60
104%
*164%
*164'A
37
*104%
Jan
Jun
23'A July 11
47% Sep
5
108
preferred—
non-cum
Illinois
17
v
123% Sep
6
25% Aug 31
100
2
May
13% Jan
Idaho Power Co
29
16%
38%
27
42
Manhattan
1,100
28%
16%
105%
Apr
5
7,900
/
29
16
19%
July
13 % Jan
Hupp Motor Car Corp
28%
38%
71
25
4,400
16
*104%
Jan
54
9,400
28%
.
49
_
——.—~
4%
16'A
19%
July 17
12.50
14%
28%
105%
73
116
_
—
4%
4%
16%
38%
38
*104%
3
5
(A)
14%
15
28%
19%
Jan
20'A Jan 21
t c.
Hud Bay Min
16%
*14
Dec
89
Apr 24
3 6'A Mar
Hudson Motor Car
*28%
%
Jan
1
Sound Co
5%
300
Dec
Jan
73
128
(Del)
Houston Oil of Texas v
&
29%
12%
19
_No par
2,700
27
14%
19%
19%
38
105%
%
4
27
»
Hudson
9%
*8%
8%
27
14%
2
1%
Howe
Aug
114
par
Light & Power Co..
Houston
60
,
'
14%
'
4%
*
■;
•
37%
16%
59%';
15%
4%
4%.
69
16%
29
*28'A
36%
15%
15
8%
27
27
26%
27%
*68%
.
.
9%
*8%
9
9
15 3
•
-8oo
5,400
1,300
69.
10%
32%
68%
68%
(C E) The
preferred
2,000
10%
32%
4%
11
69.
10-%
32%
68%
15%
*8%
111%
5%
Apr
172
Mar 10
Household Finance
110
71
Jan
152
27% Feb 25
——
Jan
56%
25
Ang 14
134
Class B
300
3% May
110% July
ZZZw
18
Houdaille-Hershey cl A
1.500
68%
112
10%
*8%
82
112
32%
4%
104 %
68%
*67%
•
10%
15%
19 %
68
Xlll%
17%
17
17%
33%
27
*37%
*17
X68
,
.
.No
...
Homestake Mining
4,400
44
27%
*104
•'•Z—Z
44
*113%
69.
1%
'
;;.
'
44
26%
14%
17%
43%
20%
59
16%
Z—
*42%
*26%
*13%
17%
*115
'•
10%
9
*8%
—'■
33
1
1%
*1%
*16%
17%
—
44%
17%
115
69
.
32%
*32%
17%
*115
44%
*68
69
*113%
114
•17%
43%
17%
17
69
17
*67%
16%
17%
*42%
44%.
*42%
16%
*115
*115
44%
44
*43%
..
17%
"Z—'
:'*10% May
-
Jan
Jan
Jan
75
45%
*22%
45%
100
75% Feb
166
Mar 11
Dec
1%
93%
May 24
22% July 10
20% Apr 24
100
22
23
70
6
Jun 29
7
8 % Aug
108
Highest
I per share
$ per share
128
par
Hlnde & Dauch Paper Co
*44
*16%
Year 1943
Lowest
19% Feb
No
AwA--
preferred
100
*22'A
*17%
Range for Previous
\
.
63
Motors—
100
45%
16%
6%
30
~.
preferred
9 'A
28
28
Mar 13
160
100
Hercules Powder
500
•
25
W)
24%
23
17%
Hercules
1,300
121
121
*44
%
(G
non-cum
*24
*67%
70
121
*24
,
$ per share
20% Sep 14
63% Jan
6
15
———j
Hershey Chocolate
$4 conv preferred
*22%
*16%
*17
99
Co__
Co;
7%
'
130%
45
45
Helme
Glass
24%
*67%
*118
24%
Hecht
-
22'A
83%
22%
*22%
l
165%
22%
83
121
*24
245%
200
74
6% Apr
2'A Jan
Corp
'
20%
*71%
22%
70
*68
*119%
121
*23%
*20%
*130
Mfg
Hazel-Atlas
100
20%
'*162
Hayes
290
82
131
-
Highest
t per share
1
Hayes Industries Inc
5.300
64.600
22'A
*130
70%
*119
24%
*23%
23%
23%
8%
r
165%
*162
EXCHANGE
Par
7%
107
82%
*81%
;
131
*68
*119
%
69
69'A
*119
82%
%
*72
165"%
22
22
82
8%
7%
*106%
74
20%
74
*162
165%
22
82
21%
*81'A
•
Lowest
Shares
8%
107
107
the Week
$ p*r share
7%
7%
106
105^
■
8%
7%
7%
7
106 %
:
..
'
$ per share
share
-
Range since January 1
NEW YORK STOCK
for
Sept. 29
Sept. 28
Sept. 27
Sept. 26
Sales
Friday
Thursday
Wednesday
Tuesday
■
STOCKS
PRICES
AND HIGH SALE
LOW
Monday
Sept. 25
Saturday
July
73%
Jun
Dec
182% Aug
22%
Jan
28% May
24
Jan
171
34% Jan
*
44
May
43
July
.
AND HIGH
LOW
Sept. 23
S per
J per share
%
18%
18%
18'A
18%
18%
27%
27%
28
28'A
'20'/b
20%
20%
20%
20%
64
64%
64%
64%
49
49'A i
49
49
10%
10%
10%
ll'A
63%
63%
-
49
*48%
10%
10%
34
35
*34'A
34
19
*159
160%
19
*159
*24'A
20%
18 '/b
20%
20%
21%
Lone Star
6.600
Long Bell Lumber A
1.600
Loose-Wiles
18%
3,500
Lorlllard
160'A
30
65 %
6'4%
49%
49
49
11'/a
ll'A
11
•
65%
49 Vt
11%
11%
34%
34%
18%
24'A
24'A
24%
24%
85%
*84%
06%
85'A
29%
29%
*29%
30
*136%
139
:
•
*160
*
24'A
24'A
85%
85
85
30
29%
29%
85
.
.
& Nashville
:
*29%
138
138
145
*138
145
"138
30
*29%
30
*29'/a
xl39
42%
42%
42%
42%
42%'
42%
42%
42 %
42%
43
29%
29%
29%
29%
29%
29%
29'%
29%
29 Va
29%
29%
*105
105'/2
105%
105 %
*105
105%
105%
*105%
*17
17%
17%
*17
*17%
17%
"105 %
106
"17Va
17%
16%
16%
"343%
-r:
*343%
450
*343%
9
9
13
*12
*343%
9%
16%
16%
16%
16%
16% '
19%
,19%
*23%
*23%
3%
x3%
'3%
3%
3%
1,300
Maracaibo Oil Exploration
7%
7%
7%
7%
7%
8,200
Marine
43%
*26
17'A
17%
17%
17%
17%
17%
18
16%
16%
19
*52
25%
*102%
103%
19
19
*111
116
31%
31%
31%
31%
18 Va
*17'A
18 Va
*17%
18
52%
52%
52%
53
26
26%
26%
27
6.500
103%
*102%
103%
*102%
*12%
12%
*107%
109 Y.
17%
12 Va
*98
99
12
12'A
99
99
89%
89%
90
91%
91%
93%
93%
36
36
35%
35%
*35%
36
35%
35 Va
36
36
100
*92
*35%
34
34
13%
51
50%
33
33
33
34%
34%
13%
51'A
33
34%
34%
13%
13%
Y
50%
50%
*33
95
36
800
-
Mengel
2,300
13%
50%
350
34
300
Merch
1,800
Mesta
34
35 Va
35 Va,
*7
7%
V/a
7 Va
7 VA
7'A
7%
7%
7%
24%
24%
24%
23%
24
233i
23%
23%
24'A
24%
24%
2,900
*35%
35%
35%
35%
35%
35%
35'A
35'A
34%
34%
500
36%
.
Y 4,300
24
*35%
7
50'A
*49
41%
/
50'A
41%
7%
103%
1,600
Mo-Kan-Texas RR
*107
108
*18%
19
3
2%
12
*35
35%
35%
*20%
20%
20 %
*84
85%
85%
86
117
107 %
100
8
■":/ 8 Va
103
1
19
■
117
120
V
100
Preferred series B
*117
120
120
*117
120
*117
120
*117
120
*117
*112%
112%
112%
112'A
*110
112'A
*110
112'A
*110
112'A
*110%
111%
51%
51%
51%
51%
51%
52
52%
52 Va
52%
39 %
39
39%
26
26'A
26%
27'A
1,900
*117
39%
*38
39%
*38
51%
51%
51 '/a
*38%
39%
*38
39%
*38
'26'A
100 V
7,600 '
.
200
$4
preferred series C
Montgomery Ward &
Morrell (John) & Co
25%
*22%
25%
26'A
26
26'A
26
22%
22 Vb
22'A
22'A
22'A
21%
22 'A
21%
2,400 •;
20%
20'A
20%
20%
20%
20%
20%
*20%
21
1,000
Motor
20%
31%
31%
31%
31
31
31
31
20%
20%
32%
*31
*31
9%
97%
97%
97%
*20%
21%
*20'%
21%
9%
9%
76
77
115
76
*113
13
77.
*76
53
;-T.
77
*114
13%
*50%
12%
97%
97%
20
.
'
3.300
13
12%
53
■
400
77
200
53%
*52
$7
class B
8%
1%
Jan
3%
Jan
9
Jan
9%
Jan
X17
14% Dec
27
24
3%
29
6% July
18'A
Jan
7%
Jan
32
1
19
% Nov
1
165
Jan
1
11% July 10
37
Jan
Sep
44
36
Oct
Jan
110
Sep
12%
Jan
11'A
Jan
17%
Sep
Jan
113%
Oct
28
13
1
104
19% July ' 6
8
Sep
19'A
22'A Aug
Jan
29
6
38'A
Jan
Sep
16% May
50% Apr
29
14'A
Jan
25%
Jun
6'A
Jan
11%
Sep
6
55% July
,
Sep
7'A May
Feb
100
Jun
27
Aug
60
'
Jan
112% Apr
104
27% Mar
176
21 %
July 10
28% Aug 21
32% Sep
July
2%
llOVi Aug 29
21
Jun
43'A July
22
20
Aug
Apr
July
May
■
31'A May
Jun
60
Jun
12
Sep
19% Apr
4% July
'A
Jan
Aug 11
13% July 10
103
Sep
21
19% July 20
Jan
10%
Apr
Sep
8
67%
Jan
89
Feb
93% Sep
28
60
Jan
78%
3
27
Feb
34% July
Jan
12'A July
25
Jan
42
23%
Sep
32% Mar
26
Jan
34'A
Apr
5%
Jan
9%
Apr
18%
Jan
30%
39
20 '/e
Jan
31%
106%
Jan
128
July
12% Sep
100
25
37% July
4%
15% July 11
52% Aug 22
39
10
Aug
.
Sep
July
4
35% Aug 22
5
«
Aug 23
135'A Sep
21
Sep
Jun
58% May 29
42'A July ; 5
15
107
Feb
110
Apr
Mar 17
107
Nov
113%
Feb
3
Jan
8%
110'A Jun
112
108% Jun
=5
9 Vb Jun
23
30
64%
Jan
98
23% July 10
13%
Jan
25
111
Jun
%
Jan
8
3%
Jan
11%
Ap~
26
17%
Jan
30%
Nov
4'A July
3
5
16% July
3
Jun
July
July
39'AJun
3% Mar
23% Aug 11
87% Sep
75%
5
Dec
Jan
24
113
f 7
116%
Dec
Aug 29
92'A
Dec
119% Sep
117
Jun
119
*
Mar
121
Apr
106%
Nov
52% Sep -29
33'A
Jan
40
July 14
31%
Jan
39'A
Oct
21 'A Jan 11
30
July 15
13
Jan
27%
Jun
17
Jun
72
20
70
112'A
8%
43'A
Co
Jan
Mar
41% Apr 26
35% Jan 11
No par
No par
Murphy Co (G C),
No par
4%% preferred
100
Murray Corp of America—,—;—10
Myers (F E) & Bro
No par
Corp
Brass
Jan
May 17
Dec
24% Mar
Jan
6'A
15'A
320
28'A July 10
111 % May 22
114% May 17
107'A Jan 5
preferred
Munsingwear Inc
100
114
13
53
T
77
.
3%
5.
8'A July
29
Jan 3
20
May 20
74% Apr 25
15'A
16%
26%
4'A
Wheel
Mullins Mfg Co
130;
.
21%
*113
77%
12%
53
2,000
*21
114
*113
13
*50%
53
*50%
9%
100
l—,-—20
No par
j.—10
No par
No par
No par
No par
No par
—
50
No par
5
1
1
Products Corp
Mueller
400
9%
21%
30%
9%
97'A
*76%
77'A
114
114
13'A
13
■
.
53
9'A
97%
21%
*76
115
12%
*50%
*21
30%
*20%
97
97
20%
20%
115
.
*12%
97%
*97
9%
*9 %
9%
9%
9%
*97
*112%
& Essex
Motor
22%
22
23
25%
Co
'
Morris
2'A Jan
8 % Jan
No par
preferred series A
Carpet Mills
Monarch Mach ToolMonsanto Chemical Co
$4.50 preferred ser A
700
86
*116
85%
1st preferred
1%
1,300
20%
*85
117
85%
cum
Mohawk
200
36
*20'A
20%
*20'A
500
19 Va
*35%
35%
10,300 ."
8'%
105
105
19
*116
116
116
107%
35%
86'A
86'A
86
*116
86 'A
340'
18%
20%
20'A
2 0'A'v ■
*20%
20%
110%
7%'
103
36
*35%
36
*35%
35%
,
110%
107
V'*JLC7
18%
18%
2%
12%
*109
1-11
•*110%
105
*101
18%
12'/a
117
*116
117
*116
'■
2%
12%
12%
11%
18%
2%
.
7% A 7%
7%
103
103
19
18%
*2%
•
7%
7%
No par
Products
Steel
8,000
108
103
Midland
Jun
30% July
Nov
22% Sep
4,800
*107
7%
Petroleum
37'A
Nov
14'A
176
6
Apr 25
23% Sep 14
27'/a Jan 13
116% Jan 4
46
Apr 4
36'A Apr 26
105
Mar 13
5
10
Copper
29
May
138'A Nov
Jan
15
315
,
;5
Aug 10
29
2%
111
103
5
10
5
21
21.
11% Sep
13 Va
*110'A
~7>A
103%
No par
Sep
Jun
51% May 17
2%
1U
*109
"
•
*110%
108
1st preferred
Co
Jan
19% Jan
20% Mar 27
12%
*109
*109
108
1
50
(The)
Min Trans
20%
17% July 10
2%
2,200
July
July 28
4
12%
1,800
41'/a
79
Jan
8'A Jun
2%
56%
40%
22'A July
Jan
July
21
12%
55%
41
;21 % Jun
163% July
Jan
28
9'A Sep
2%
56%
40
Jan
59%
,24% Sep
12%
53%
41'A
*110% 111
*108
Co
Machine Co
0%
Oct
13% July 17
14
12%
52%
41'A
*109
111
*110%
&
Mid-Continent
'
Jan
11'A May
31
Oct
16'A
133
18% July
*2%
138
*136
135%
52
'
*109
Co
conv
Miami
50
*136%
41%
41%
5%
i
15%
11
17
—,100 1
Minneapolis & St Louis Ry—No par
Minn-Honeywell Regulator
;
3
4% conv pfd series B
.100
4'A % preferred series C
100
108'AMay22
4% preferred series D
100 > 107
Sep 28
Minn- Moline Power Impl
—1
6'AJan 19
$6.50 preferred
No parrot 93'A Jan 13
Mission Corp
10
- 17% Feb
5
;
52
*50'A
41%
50
*40%
,
135%
135
135
135%
*135
135%
135'%
7 VB
7'A
Stores
*
*32%
35
34%
34%
*34 Va
.
150
13%
50%
*32
»
50%
13%
50%
13%
13%
50%
35
13%
13%
50%'
33%
3,500
50*
12
V
preferred
McLellan
100
17%
12
*98
No par
1
5% preferred
100
McQuay-Norris Mfg. Co._———10
Mead Corp
No par
$6 preferred series A
No par
$5.50 pfd ser B w w
No par
Melville Shoe Corp
;—1
$4
108
*17%
17%
99
12
12 Va
*98
17%
*17
17%
12
12%
99
108
5
—18
Mclntyre Porcupine Mines
500
12%
No par
McKesson & Robbins Inc
103%
*105
12%
12%
*105
108
*103%
*102%
12%
103
*102%
12%
*12%
12%
109
*17'A
17%
12
103
Jan
148'A
July 21
391
Feb 4
Mar 6
Mar 10
Mar 7
Jan
5
Jan 13
Feb 23.
27
Apr 27
14
Feb 29
47
Mar 20
21% May 1
97
Apr 18
10
Feb
9
103
Sep 21
16'A Aug 8
8
Jan 3
82
Jan 4
70
Jan 3
31*'/a Apr 28
8'A Jan 4
37
Jan 4
25
Mar 127
Jan 3
*
McGraw-Hill Pub Co
900
26'A
88%
33 %
:
200
52%
88%
13%
400
25%
18'%
88%
50%
1,000
19
52%
*97
99
28%
*28
28
116
*17 %
*17'A
12%
12
*96
41
53
12%
17%
*17%
*39'A
900
Jun
51%
Nov
44% July 10
107
52 Va
4%
32%
106'A
19%
16
109%
No par
$3 preferred
No par
$6 1st cum preferred—No par
McCall Corp
*
McCrory Stores Corp,
1
5% conv preferred w w
*100
McGraw Elec Co
'—1
*110'A
25%
*103'%
107
Maytag Co
10
41
100
10
May Department Stores
2,500
25%
"17'A
"52%
*103
12%
*12%
*103%
1.200
10
53
18
52%
25 %
25%
58%
19
32
*31%
Alkali Wks
9%
-58%'
39 '/a
28
,
preferred
7%
*111
19'A
116
1
...No par "
No par
1
No par
Co
Corp
Corp
Mathieson
2.200
Jan
6 Va
18'A
38% May 27
•
13'A Apr 27
16'AJan
3
4% Jan
3
37'A Apr 4
25'A May 5
19% May 2
170
Mar 2
No par
*
Elec Co
Master
176
*173
58
%
Masonite
300
21%..
-".21%
176
(Glenn L)
Martin-Parry
1,400
25'A
18
18
52%
.*17%
27
10
*
28%
27%
*111
31%
26%
*110%
19'A
19%
116
31%
32
*31%
32
*31%
*111
116
*111
27'A
19%
19%
19%
19
116
27'A
27
27
2(5%
26%
9%
41
*39 V8
*110%
*110'A
*110%
"111
9%
9%
41
*39%
41
*39 %
41
58
21.400
21%
21%.
*173'A
58
58
8.000
11%
43%'.
27
*26%
•/.
21%
176
*173%
58%
9%
9%
9%
9%
*9%
*39%
*110'A
27%
21'A
21%
176
58
58%
*26'/a
27
21'A
*173 'A
Martin
20'A
10
19%
prior pfd
6%
Market
Marshall Field & Co
43%
19%
St Ry
1
5
100
Corp
3,000
10%
10
*43'A
Midland
4,550
'
44
19%
10%
43%
27
27
58%
58%
*58
10
43%
17
16%
19%
10
43%
9%
176
*173'A
16%
19'A
19%
19'A
43%
21%
21%
21%
176
16%
16%
16%
■
44
*26%
27
21%
*173 'A
•
9%
9%
43%
24
24 Va
7%
24
37'A
Mar 21
139% Aug
18% Feb. 24.
2% Jan 19
6Vs Jan 3
12 % Jan
5
—25
3%
24
64'A July
29 %
6
Jan 27
10% Feb
...No par
Bros—
*23%
19%
19%
9%
43%
Mandel
Manhattan Shift
300
7%
16%
9%
11,400
16%
17
16%
'
9
13
*12
'
:
450
8%
9%
13
*12
3.300
17%
*343%
450
8%
13
200
v
17%
17
3%
7%
7%
450
*12
106
*17'A'
17'A
16%
Jan
Sep 6
24% Sep 19
90 Va Mar 17
Aug 1
4'A% pfd series A
Jun 6
Madison Square Garden
..No par
Jan 12
Magma
Copper—
10 .
Jun, 9
Mahoning Coal RR Co——
-50
315
Jan 21
Manati Sugar Co
'
-1 A
6% Apr 24
*-No per
100
*3%
3 %'
7%
3%
7%
'
Mack Trucks Inc
Macy (R H) Co Inc.—
7%
3%
*3%
16%
9
9 %
13
24
24
24
24"
*23%
16%
*12
13
"12
17%
17
9
9
106
16%
*343% 450
450
9
*17
16%
16%
34'/b
x26%
104
14
14%
No par
1,600
-
*29%
25% Mar
42'A
163
Feb 21
135
100
5.600
43
42%
25% Apr
10
Forbes—i.
&
preferred
6%
120
139
*137
139
21%
Nov
M
.
MacAndrews
200
21% July
Jan
12 Va
36% Sep 1
,20% July 13
151
Jan 5
20% Jan 12
69% Jan 3
100
Jan
15 Va
12
3
Jan 3
17% Apr 29
100
—
12'A
July 11
29
,21% Sep 29
68% July 10
52% July 10
28
No par
Louisville
i,3oo
:
Co
(P)
8% Jan
25
10
Biscuit—
preferred
7%
,14% Jun,. 7
58
May 1
40% Feb 24
Louisville Gas & El A
600
24%'-
*24'A
.
18%
160%
85%
36'At
35'A
'
18%
160'A
160'A
*159
35 Va
34%
19
18%
19
Cement Corp
~
.
19% Jan 13
1
t per share
22'A May 17
Sep 14
No par
t-No par
4-No par
No par
:
Loew's
1,400
*64%
49%
11
.
Inc
1,600
65
*149
160%
24.600
%«ri8
No par
Co
Highest
t per share
t per share
$ per share
Par
■
Liquid Carbonic Corp
Lockheed Aircraft Corp—
2.800
*64%
'V:.
24%
'
••
Lion Oil Refining
900
18'/a
28
18%
Lowest
Lowest
r,.
.
Year 1943
Range since January 1
Highest
,
EXCHANGE
Shares
share
f per
20'A
85%
84%
'%>
STOCK
NEW YORK
Sales for
the Week
Friday
Sept. 29
28
20%
24 %
24%
84%
'
■
28
xl8 Vb
28
34'A
33%
•
19'A
160%
19'A
19
159
27.%
,
J'/
28
18%
*18
28'A
'
5 per share
$ per snare
18%
*27%
*20
Thursday
Sept. 28
Wednesday
Sept. 27
jr per snare
snare
" v." r '
PRICES
SALE
Tuesday
Sept. 2(1
Range for Previous
STOCKS
■
Monday
Sept. 25
Saturday
1415
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4.321
160
Volume
113
Jan 3
Jan 7
Apr 19
Jan 4
4
12
24
11
3
Jan 5
Jan
Aug
May
Apr
Jan
24% Jun
9VB
27
Jan
114% Aug
•
*
50
July
July 10
11 Vb
Jan
18%
33'A Jun
28
21 Vb
Jan
31
Mar
10'A Aug
17
2%
Jan
7
Jun
23
6
53
Jan
3
15
Jan
Aug 17
98
62
Apr
111
July
Sep
24% July
79
116% Feb
24
5%
14% Aug 24
53
Jan
34% Jan
Sep
28
% Jan
10
Apr
77
Jun
23%
•
Jun
79%
Sep
117
Aug
11% July
44
Feb
N
*%
%
*%
U
*%
tt
16%
16 'A
16'A
16
16%
16
16'/a
33%
33
33
33%
33%
17%
17%
17%
17%
17%
1,900 i:
10%
10%
10%'
3.500
16%
16%
16%
16%
16'%
*32%
32%
32%
.32%
32'%
18%
18%
18
11
.
500.'
%
'*%
%
11
10%
11%
*33
32%
17%
18'A
18
18'A
78
.
'
10%
12
10%
10%
12'%
12
10%
10%:.
12
90
1.300
11%.
11%
12
12
14,900
*12
12%
12%
12%
12%
12%
12%
12%
12%
12%
12%
3.200
12%
12%
12%
12%
*12
22'A
22'%
22'A
22.Va
22'A
22'/a
22%
22 Vb
22%
8,400
22
22%
22%
*173
*173
176
176
*173
..
19%
19%
176 V
*173
176
19%
*"19 Va
176
'
100'
19%.
*19'/a
19%
*19%
19%
nrr
176
*173
■
.
*19%
19%
*19%
12%
13 'A
13%
13%
13%
13%
13%
13%
32'A
32%
32'A
32'A
32
32 Va
10%
10'%
10%
10%
12%
12%
12%
12%
12%
12%
12%
13
24%
24%
25
24%
25
5.700
18%;
18%
18%
X18%
18%
1,800
12
*11%
12
32%
32%
10%
10%
10'A
10%
12%
12%
12%
12%
24%
24%
25
18%
18
24%
18%
18%
.
25
18'A
18%
*18
12
*11%
*11%
12
*11%
24%
24%
'/a
*11%
12
34%
35
*30%
32
*31'A
*12%
13
12%
13'A
*96
97%
97
97%
97
97
24
24
24'A
24'A
24%
35%
35%
35
1
32
32'A
32
■
13%
13%
—
*175
151
175%
176
*150
*150
96%
24%
*175
177
*175
177
150%:
*150
150%
*17
17%
17%
17%
*17
21 %
21%
*32%
21%
6-%
21'A
*32'%
33
•
66%
14%
14%
14%
'25%
25%
'
85
86
*88%
90
*88%
■
9%
9%
*9%
10%
10'A
10% ;
16%
17%
17
*28'A
103%
103%
62
62
108
.
*107%
.
29%
18%
18%
15%
15%;
.
*
106 %
46
For
5%% =prior
88%
88%
89'A
^ 89'A v
100
6%
9%
9%
9%
9%
lot
10'/a
10'A
16%
16%
16%
*62
29
106%. 106%
210
16%
*107%
46
footnotes
see
29'A
*18
15%
;; 15%.
*106%
110
47%
page
1419.
*46
64
28 %
16%
64
65
30
18%
600
18
15%
15%
15%
15%
*106%
47
110
47
*106%
46
No par
65
30
18%
Natomas Co
20
*63
■
*107%
30
30
1^%
110
47%
108
30
18%
18
.
v
15%
15%.
preferred
10
-100
Nehi Corp
100
106
65
preferred
2,800
*103%
108
prior
conv
3,600
106
65
29%
'
29
•
conv
No par
*28'A
*107%
18%
10%,, v
*16% 7 16%
$2
National Tea Co
4,400
9%,
29
*28
*103%
*103%
29%
47%
10'A
10'A
x
108
110
•9%. J
•
*107%
108
(The) Pa
preferred
1,700
2,300
10'A
*103%
63
National Supply
14%
84'/a
'
25
10
40
National Steel Corp—
25%
10'%
28%
2,600
66%
14%
89
29'%
>
2,600 '
6%
84%
84%
105
■
25'/a
25'/2
89
200
33 -
6%
66 %
2.300
21%
(21%
*32
■";
400
17%-.
14%
*14%
85
*84%
"
-r
10
150'/a
2,000
900
3,000
*107
Ill
100
47
47
1,600
No par
——1
4%% conv serial preferred—100
Newberry Co (J J)
No par
5% preferred series A—
100
Newmont Mining Corp
10
.
Neisner Bros Inc.
Newport Industries
Newport News Ship & Dry
$5 conv
New
York
preferred
Air Brake——,
57% Feb
.
•
11%
25
79'A
83%
Feb 4
Sep 16
Feb 4
Jan 6
5'A Jan
9
5
1%
Feb
6%
Jan
15'/a
Jun
37% July 20
23'A
Jan
40%
Apr
19% Aug
13
Dec
19%
Apr
1
13'A July 10
5'A
Jan
11'A July
13% July 12
8'A Feb
12'/8 July
12 % Jun
19
23% July 12
176
July
8
20% Jun
19
17'A Apr
18
Mar
13% Jan
No ««*•
35'A Apr 25
23
Jan
176
16% Nov
13% July
July
21'A
Sep
Jun
Sep
33 % Aug 31
18%
Jan
29 %
Dec
23% Aug 21
10% Nov
13% July 10
9%
Jan
25
14%
Jan
3
67A
Jan
25
Sep
20
Aug
12
Mar 15
37% May 24
34'A Sep
27
5
14% July
Jun
14
25% Jun
27
100
179% Aug 21
13
152% Sep
9'A Mar
13'A Aug
14% May
21% July
15% Sep
12
Dec
*25'A
Jan
36
Dec
17%
Jan
29'A
6
Sep
Jan
11'A
Jun
70'A Jan
90%
Nov
20'A
Dec
14
Jan
160
Jan
178% July
137
Jan
150
Jun
22'A July 17
23
34
27
Jun
7 Vb Aug
.
14%
Jan
22
May
28
Jun
27
Nov
36
Jan
10
2% Jan
52
7'A
Jun
Jan
64% July
5%
Jan
15% May
30% Mar 16
14'A
Jan
28'A
Jun
89Vt Aug 18
57
Jan
80'A
Jun
62
Jan
88
July 20
17% July 10
70
93% July
7
11% July 12
.No par
1
Dock—1
Jan
10'A
4
56
Jan 4
lOR'A July 13
27% Apr 4
116'A Apr 24
13
Jun 8
97 - Jan 5
Jan
Jan
3
3
8'A
15%
162
5'A
10% July 20
22
Jan 4
96'A Jan 12
% Nov
5
17% July
—
85-
14%
25%
-
960
11 'A Apr 24
28
Jan
5
National Acme Co
1
13% Jan 3
Nat Automotive Fibres Inc
1
9
Jan 8
6% conv preferred
.10
10% Jan 31
National Aviation Corp
5
9% Jan 4
National Biscuit Co
10
20% May 18
1% preferred—100
165
Mar 1
Nat Bond & Share Corp—No par
18
Feb 17
National Can Corp
10
8'A Jan 3
Nat Cash Register
No par
26
Apr 18
National Container
i
1
xlO
Sep 14
National Cylinder Gas Co
1
xll'A Feb 11
Nat Dairy Products
No par
19 % Jan- 3
National Dept Stores—
No par
13'A Jan 29
6% preferred
10
11% Jan 5
Nat Distillers Products
.-—No par
30'A Feb 3
Nat Enam & Stamoing—
No par
26
Jan 25
National Gypsum Co—
:—1
9
Feb 5
$4.50 conv preferred
.1
No par
87'A Jan 11
National Lead Co^
:
.—10 ,19
Jan 7
7% preferred A
100
164
Feb 25
6% preferred B_
-100
141
Jan 188
National Linen Service Corp
-1
x 16'A Sep 14
Nat Mall & Sv'l Cast Co
No par
; 17% Apr 19
National Oil Products Co
4
28'A Apr 5
National Power & Lt
No par
5% Feb
7
25%
14%
25%
85'A
'
66%
66%
14'A
*28'A
103%
108
18%
15%
••
29'%'
29
29
6%
67 '"v
3,000
37%
6%.
■
29%
*18
32%
25%
90
*150
.22
—
'"17%
6%
9'A
17%:
*59
21%
32%
24
177
23%
177
725
97%
97%
.
150%
'
*17'
*16'A
9% 1
*10%
*28
*150
21%
6 Va
*88%
1
'
33
*66%
4,600
.24
21%
*32%
"
6%
1.300'
13%
•
177
17%
66%
85
85
90
98
95%
24
177
24%
14'A
25'/a
*85%
97
177
25'%
14%
25%
21%
32%
34%
13%
'
150 : ;
G%
-i
'
66%
66
13%
*17
66%
6%
G'A
6%
66
'■<
io,ioo
35%
*34 •-?.
34 %
13%
150
.
'
33
45%
;
34%
'
.
'
17%
21
*32
*107%
13%
<•'
23%
*103
34%
13%
3.600
5.000
'
35%
35%
35%
35%
3.800
3,000
10%
10%
10%
*11%
12
35%
35%
*32
32%
10%
13%
32%
13'A
13%
13%
X32
& Mar 30
Liquidating Co
No par
Nash-Kelvinator Corp
5
Nashville Chatt & St. Louis
100
Nabco
18% July 11
31
July
5
103% Sep
22
66
Jun
23
110
Jan
22
32
July
22
July 10
16
July 12
106% Sep
5
23
50 Vb Aug 22
2%
Jan
6
Jan
9'A
Jan
Jun
7% May
10'A
Apr
19% July
Jan
25%
Oct
74%
Jan
98%
Nov
37
Jan
57%
16
106% Mar
26%
Jan
10'A
Jan
12
Dec
94% Nov
27%
Jan
114
37''2
19%
Sep
Aug
Apr
Oct
21% Mar
102
May
44'A May
S
per share
y
share
par
I8V4
27
27
84%
85
84%
25 Va
18%
18 Va
18%
18%
*26 Va
27%
*27 Va
16
*14%
*15
16%
*-37
38%
*162
74
*73
74
*73 Va
*73
*
*72 Va
74
74
73 Va
18Va
17.%'
16%
'
118%
17%
17%
46%
203 %
203'A
18%
203%
*55
56
*53
*26%
47
54%
54 Va
9%
9%
9%
9'%
*104%
__
114
27 Va
26%
46%
*6%
13%
13%
13 Va
13%
16
16%
15%
52%
52%
52%
*6 Vq
119
*118
"
'
18%
*54 Va
54%
9
•
*104%
15%
15%
*104Va
54
X113
114
113%
27
26 Va
46
6%
6%
42'A Jun
1
16%
Jan
32%
& Harlem RR Co__
.50
129
Jan
19
198% Jun
15
63%
Jan
100
52
Jan
3
July 25
28%
Jan
14% Jan
3
12%
Nov
23
Jan
Y
Y Lack
West Ry Co
&
of
4
3
100
116 Va Jun
29
13%
13%
13%
13%
13%
13%
16 Va
16
16%
16
16%
16%
16%
16%
16%
20.500
preferred series
53
53%
54 Va
53%
'
54%
54
54 Va
3.300
! *9%
9%
97a
9%
9%
9%
9%
9%
9%
9%
9%
9%
*100%
.101%
*100%
101%
*100%
101%
*100'%
101 Va
*100%
101%
101 Va
101%
11 Va
11%
.11%
ll7ii
*11%
11%
*11%
,11%
L *11 Va
11%
*155%
55%
J
.
:-V'V( 24
24
24
24
23%
*
-
11
11
■
23%
24
23%
157
*154%
24
237a
23%
;
,
*40
*156Va
*40
42
V
75
*72
*72
75
60
60
60%
60
60%
60
60
5974
50
58 Va
60
14%
14%
14%
14%
14%
14%
14%
14%
14%
14%
14%
14%
10
10%
10
10
10
10
10%
10
10
40
40
40
40%
*20
21%
20
20%
20%
*15 '/a
16%
15%
15%
*15%
16%
33 Va
33%
33 Va
f 72
75
*72
75
'
i*59%
*72
*72
75
18% July
Jan
56 Va
Jun
:5i% Jan
27
54% Sep
48 Va
56
Jun
7% Jun
9
9% July 10
104% Aug 30
27
4
3
Jan
31
115% Apr
17 Va Jan
37% Feb
15
47
3
7
40 Va Jan
12
12% May
6
101
Dec
Jan
18% May
Jan
116% July
107
24
15 Va
Jan
23% July
Aug 18
36
Jan
41 Va Aug
July
x3%
Jan
6
July
31
Jan
45
Apr
5
52% Aug 17
16
8
Apr
Jan
7%
x28Va Aug 17
1
4% Jan
112
18% July
,14%
91%
Jan
100
Jan
Nov
8
xl3 % Jan
15% Sep
45
Jan
8%
27
14 %
Jan
Oct
8% Jan
lq
100
14^
HVa
Jan
21Va July
58% Aug 18
29 Va
Jan
50% July
11% July 19
37/a
Jan
18
10%
Dec
105
Jan
69
10
105% Jan
8
Dec
1
3%
Jan
10%
Jun
24% Aug 28
15%
Jan
21%
Jun
14% July
18
Apr 19
May 10
Jan
154
Sep
Apr
26
43
Aug 25
28 V2
Jan
38
Apr
64
Jan
8
73
Aug 18
46
Jan
67%
12.50
55% Feb
29
64
Jun
19
54%
Jan
64
B
Co
Glass
20 Va Mar 22
8
3ll%
10% Jan
8% Jan
3
14% Sep
19
7%
Jan
13
Apr
28
6y8
Jan
13%
48 % Jan
4
23%
Jan
55
25
14%
Jan
25% May
5
—-No
Co
14
Feb
8% Apr
99% Aug
10
1.600
Owens-Illinois
1,200
<
Jan
No par
preferred
Outlet
'75
9%
49%
No par
No par
0
100
Equipment
conv
6%
■
Nov
19% Aug 21
'
Co
Outboard Marine & Mfg
1
■;;
*40
•
122
55% Aug 25
No par
50
2.50
_
Otis Elevator
33.0
:
42
41
No
8%
4.100
'
41
*40
42
*40
43
155%
24 Va
157
156%
:
•••
: 1,200
July
Jan
10
50
(The)
preferred A
Oppenheim Collins
400
■1
Co__
Omnibus Corp
10
.
38
192% July
113
2
Jan
26
A--——No par
O
53%
Feb
122
26% May
162 %
Jan
100
Airlines
Farm
26
15% Jan
States Pow $5 pfd_No par
Oil
47% Sep
206% Aug 18
52
1
50
American Aviation
Oliver
Dec
Dec
10
Norwich Pharmacal Co—
Ohio
Dec
54
'
50
50
preferred series
Preferred
2,400
53%
pfd
non-cum
Northwestern
10
13%
19% Mar 11
33% Jan
183% Jan
Telegraph
Norwalk Tire & Rubber
13%
77
132
dep
Northwest
300
53
*50
22
240
6%
*6 Va
6%,
53
Dec
30% Jan
700
.
52
*50
13
No par
270
46%
52
Jan
Northern
52%
*51
May
6%
Northern Central Ry
26%
46%
*46
■
26
3
Northern Pacific Ry
10,200
113%
27
27,
Jan
18% July
North
-
15%
14%
27
5%%
1,000
'
3
11% Jan
6%
12,500
.
24 Va Jan
North American Co
10.000
100
Va
No par
No par
Dock
Adjust 4%
30
v
;\.A.
9%
15%
15%
74% July
28 Va Mar 14
York
Y SUpbldg Corp part stk
1
Noblitt-Sparks Industries
5
Norfolk & Western Ry
—100
840
■
18%
9%
Jan
N
600
56
54
r
9%
Jan
31%
N
15.100
119
18%
Jan
11
97% July 19
Certificates
203
*55 %
56
—■'
6%
6%
6%
54%
*26%
202 Va
203%
103/a
32 Va July 20
3
Jan
$5 non-cum preferred
170
46%'
*46
21% July 20
4
■■
18
18
18
46 %
*55%
114 Va
*114
114%
26%
46%
*51 %
.
15 Va
*73Va
75%
3
19% Jan
62
N
75
20
May
26% July
15% Jan
100
1.600
74%
74%
74%
Highest
t per share
N Y
.—
170
*162
170
56
*104%
—
46%
115
54%
6%
*55 Va
15%
15%
15%
*51 %"
*6 Vo
—
27%
;
>
18%
54%
9 Va
46 %
27%
*4G%
55%
V2
114%
114%
♦114
203
*118
54 Va
15%
15%
15%
'
104
17%
*46 Va
18%
55%
9
*
104 %
18%
54
54
9 Va
9
*
*118
-ii.
%
119
18%
55%
*55
54
119
18%
18%
18 Va
•
*73
46 V2
*118'
119
*118
118%
18%
*73%
75 Va
18%
47%
202%
w
203
202%
203
202 %
74%
*73%
74%
*162
17%
47%
*47
47%
*47
16%
36%
38%
'46%
'
15 Va
36%
16 Va
*35
$ per share
New
200
.
$ per shqre
100
No par
Central
6%
2.100
85%
25%
*
*15 Va
170
*162
*72%
74%
17%
74%
.
170
*162
170
85%
*25 %
16%
37
170
*162
84%
share
per
preferred series A
City Omnibus Corp
York
New
300
25%
37
*15
38 Va
*37
38%
*35
25%
i
P<*r
Lowest
Highest
N Y Chic & St. Louis Co
26.600
18%
28
*25%
85
25 Va
(
16%
*14%
>/4
25%
18 Va
28
84%
85
85%
85
*25%
18%
28
'..v;
Shares
$ per share
$ per share
share
27%
85 Va
*25 Va
25%
y per
share
18 Va
18%
27
*25
per
Lowest
EXCHANGE
PjreVJousJr
Year
Range since January 1
YORK STOCK
NEW
for
the Week
Sept. 29
Sept. 28
*26 Va
18%
*26 %
18
Sept. 27'
Sales
Friday
Thursday
Wednesday
Sept. 20
Sept. 25
Sept. 23
J
Range for
STOCKS
T"esday
Monday
Saturday
»
RECORD
NEW YORK STOCK
*
i
Monday, October 2, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
1416
Pacific Amer Fisheries Inc
par
157
Sep
142
26
Oct
July
PA A
<
*
10%
*10
33%
33 %
33:%
44
44
44
*161
161%
161%
16.1 Va
| *6%
6%
6%
6%
6 Va
15%
*14%
*14%
.15
j* 14%
5%
5%
31%
31%
*13%
13%
*13%
14%
45%
45 3A
45%
45%
*110'A
110%
110 Va
110%
'
*15%
16%
100
32%
32%
4,600
4
.
*105
44%
900
39 Va
No
1.800
Pacific
Mills
120
*119
119%
30
Pacific
Telep
160
*159%
160%
50
6%
39%
98%
6 Va
6%
15 %
*14%
;
385/a
39 %
6%
6%
*14%
15 %
110%
110%
4
110
110
,
4
4
*52
53
%
*52%
*106
110
*106
240
4
4
Oct
July
4
July
4 Vo
110
26
26%
8,800
25%
25-%
25%
25%
25%
25 Va
26
33
31%
33
32
32%
32%
31%
31%
3,100
Park &, Tilford Inc
32'A
32%
32%
*1%
2
1%
1%
1%
1,100
Park
1%
1%
1%
1%
1%
3,100
Parke
29%
30
22%
22%
22%
*7 Va
7%
7%
7%
17%
17%
17%
17%
17%
30 Va
30 Va
29%
30%
29%
22%
22%
22 3 a
*22%
22%
*7 Va
7%
7%
7%
7%
30
17%
17%
57 'A
*56 %
♦103%
15
*4%
58%
*
18%
17%
105%
105%
18'A
*14%
4%
4%
29%
23%
28%
28%
23%
23%
23%
62%
62%
*62
'
62%
>
13
13
63
62
63%
14%
14%;
14%
14%
76
...
.
*46
2,600
Penn
4%
4%
4 %
2,200
Penn-Dixie
4%
29%
*23
23%
23%
63
63
14%
14%
*14
14 Va
62%
62
13%
63%
13%
x61%
14%.
*74
76
76
*74
*74
47%>
*46
47%
*46
26%
27
*27
27
105%
*105
14
47%
*26
26%
105%
*105
7-! it
9%
60
61 %
22 Va
53%
53 %
53%
53%
103%
*102 Va
103%
*19%
19%
19%
19%
22%
34 Va
33%
34
15
62%
28,800
13%
14 Va
1,300
47
-A
105%
7%
9
48
700
*26
27
400
Pet Milk
*105
4
105%
7%
500
Petroleum
9 Va
9 Va
200
Pfeiffer
59%
59%
60%
23 Va
23%
17,900
53%
53%
53%
102%
102 3A
102%
130
19%
19%
19%
19%
7,500
25%
25%
*25%
25%
3,800
$1
34%
2,100
Philco
92
1,100
Philip Morris & Co
108
150
25%
25%
25%
*118%
121
34%
34%
34''a
116
*113
116
113%
113%
*113 Va
*14%
16%
*14%
107%
*110
115
*118
121
34%
34%
121
34%
*118
34
x91%
93%
93
93
92%
*113
92%
107%
*107'A
108
114
*113 Va
114
113%
*14%
16
*14%
16%
*110
115
92%
115
108
*110
Phila Electric Co.
*110
42%
43
43
43 %
43 Va
43%
43 Va
43%
43 Va
43%
6,100
11%
11%
11%
12%
*11%
12%
*11%
12%
*11%'
12%
100
fll%
12%
*25%
25%
25%
25%
25
25
*25
25%
24%
24%
24%
1,100
*109
6
6
68%
*67%
*78
-
78 %
*16814
*168 %
(*5%
5
6
80
*78
80
*78
80
*78
80
14
14
14
*13%
14
*13%
14
196'/a
'
6
8%
8
6
8%
48%
49
49%
49%
64
64
65
65
18
18
18
18%
18%
18%
49
49%
64
•
'
12 %
♦
12%
12%
12%
74
77
78
78
%7%
121%
*17%
17%
22
10%
10 T
15%
15%'
s
Va
49%
8%
8Va
*8'/a
8%
*86
49%
94
*86
94
50
49
50
64
63
63
18
18%
19
1,200
1.300
*173
12%
*173
12%
*12 Va
12%
*74
78
*73
77
17%
17%
10
17%
17%
*17
17%
23
17
*22
22%
23
22%
22 Va
*21%
10%
10%
10%
10%
10%
10%
10%
10%
15%
15%
15%
15%
15%
15
15%
27.000
*15%
Pond
8,300
15%
*22 %
16
200
16
15%
15%
*15%
16
*15%
15%
100
S 47
48
48
48%
48 %
48
Va
48 %
48 %
47%
48
47%
47%
1.500
I
57%
57%
57%
57 Va
57%
57%
57%
57
5 7'/a
57Ve
57%
1,800
I
*118
119%
119%
140
i
*15%
15%
5%
17
17%
17 %
*117
120
*117
120
*117
Va
17%
119
120
17
'17%
17
99%
119
17%
99%
17'/a
17 %
*118
17 Va
17%
Co
9,900 I
1
&
99%
99
99%
99%
99%
107
107%
107
107%
107
107
107%
107%.
107%
107%
450
6%
♦108%
109%
109
109%
108%
109
108%
108%
108%
109 'A
108 %
108 %
720
7%
118
118
118%
118%
118%
118 Va
118%
118%
118%
118%
117
*116%
116%
116%
116%
10
47%
46%
47%
12.100
15%
10,600
Pure Oil
117%
*116%
117%
*116%
117
48%
48%
48 %
3 5%
15'%
1£%
*11.2
305
'
22%
For
15#
117
15%
-
*116%
117
49
48
47%
48
,
114
*113''a
114
105.
105
*103%
105
22%
footnotes see
22%
page
1419.
23
15%
15%
*113%
114
105
49 %
99
23%
*
15%
*116
46%
15%
15%
15%
100
113 Va
114
*113 Va
114
*113 Va
104%
104%
105
*1047/a
105
23%
23%
23 Va
370
23%
*23
23%
8%
,
500
1.600
preferred
preferred
preferred
?
..
Pub Ser El & Gas
6%
114
104%
1,760
5%
Purity
Bakeries
Corp
Feb
24%
Aug 17
16% July 5
46%
Jan
61 % July
1%
Feb
64
Jan
5 Va
Jan
16% May
88% July 19
Feb
58 %
59% July 19
19
Jan
41% May
6
28 Va July
23
Feb
26% May
5
100
No par
May
Jan
10 V«
July
Jan
8%
Jun
20
Nov
54% July 10
July
293a Mar
37
Jan
103% Aug 30
3
21% Jan
68%
Jan
91%
Sep
18% Aug
22
Dec
July 28
24 Va
Oct
25%
Sep
13%
Jan
26 %
Jun
26
119% Sep
94 Va Aug
31
July 12
Aug 15
110
*
115
*51%
Sep
19
July 10
37
Feb 25
Apr
6%
5Va
25
5
24 Va
3
Mar
12
July 14
9% Jan
10
62% Sep
71
Feb
90%
Jun
104%
Nov
113
109%
Jan
117%
Jun
July
16% July 14
7%
Feb
14
July
113% July 13
79%
Jan
100
July
50
42%
Nov
'14% July 15
3%
Jan
10%
July 11
18%
Jan
26
May
Jan
102
Jan
48% July
4
28
8
102
7% Jun
27
29
3%
Apr
Dec
21
34%
.
Feb
10
July
5
5
Jan
9
Mar
25
May
5
59
Jan
77%
Jun
9Va
Feb
168%
Nov
Aug 22
170
Jan
July* 3
4
Jan
5
4%
Jan
Jan
10
597/8
Jan
90
61 % Jan
10
24
Jan
52% May
5
56
Dec
15% July 10
Mar
4
171
4
25
3
190
6%
3
9% July
25
Mar 25
104 % Jan
113% Jan
3
3
3
4
3
115 % Apr 28
37% Jan
Jan
75
99
66 Va July
12
14% Aug
3
80
Aug 23
19
Va July 11
3
14% Sep 13
109% Jan 12
Jan 15
103
1934 jan 14
,
25
May 29
7%
15% May
168% NOV
182
6%
75
Jan
Mar
16% Mar
168
1% Jan
10%
Nov
Dec
Jan
74%
14%
Jan
21% July
18
Jan
23 %
4
6%
Jan
26
6%
Jan
13
Jan
25
15% Sep
8
Jun
July
20
15% Sep
11% July
Aug
-10 Va May
Jan
150 Va
22% Aug
8% Jan 26
69
May 16
13-% Jan
87% Jan
96
Jan
7% May
68% Dec
80
—
116
Feb
18
13
48% Sep .25
103
59% July
—
59
—
Sep
Sep
28 Va
27
52% May 19
No par
No par
-No par
7%
Dec
Apr
34 Va
63% Sep
14
14
3
11% Jan 6
1
100
——-100
———100
100
17% Mar
17% July 20
.
11% May 17
35% Jan 10
(The)
preferred
preferred
17%
5
pfd $5
conv
May 31
19 Va Jan 15
8% Apr 25
11% Apr 25
Pullman Inc
99%
99 3 s
32 Va
113
5
5
Jan
Jan
7V8 Apr
68% Feb
11 Va Jan
164% Jan
183
Apr
4% Jan
6% Apr
82
Sep
45
Sep
57% May
5<fy pfd (ser of Feb 1 '29)
100
Pub Serv Corp of N J——No par
$5 preferred——.—-——No par
107%
99
Jun
Jan
No par
—No par
1
Gamble—
106%
13%
23%
25
Jan
Jun
108%
16% Sep 14
5% conv 1st preferred
5% conv 2d preferred
Procter
Oct
3% Mar
45
10
50
class B
9%
18
Jan
No par
Pocahontas.
Creek
Poor &
Jan
5
Pressed Steel Car Co Inc
157
f 3
——
Plymouth Oil Co——
700
15%
(The)
Preferred
10
17 Va
Co.
Pittston
Sep
20 Va July
,
31% July 17
May 16
61
No par
B_
100
5% preferred class A
—-100
5% % 1st ser conv pr pfd
100
Pittsburgh & West Va-—
100
Pitts Young & Ash pfd—:——100
360
May
60 Va Mar
100%
Jan
18 Va Aug
Va May
6% May
—
No par
& Bolt
1%
33%
112
23% Feb 23
Pittsburgh Steel Co
7% preferred class
850
i:
9
Mar 17
42%_Sep 15
9
Aug 14
5
Dec
Apr
May
29
Jan
62% Aug 14
108
Apr 11
n % Feb 14
x98
Jan 19
1
100
100
preferred.
7%
Pitts Screw
800
18
78
20
190
2,100
18%
*74
78
>186%
82
3%
17% July 14
23% May 13
117
Apr 26
106
,-100
100
Pittsburgh Forglngs CO—
Pitts Ft Wayne & Chic Ry
*168%
190
Nov
24% Jan
No par
No par
preferred
$5 conv
50
800
,
.
RR———100
& Iron Corp_
Pitts Coke
300
A
& St Louis
preferred—
6%
500
9
5%
*63
12
68 Va
*5%
64%
12
12%
9 '
6
*18
,
68 Va
11%
22
23
10%
115%
8
*173
12%
*74
17%
%
9
5%
*63
*173
*173
*173
v
94
*86
94
-47%
I 63
*186 Va
190
6
Va
68 Va
*168%
*168%
.
*8%
13
19
-25
Mills Inc
C
C
Jan
19% Aug 31
19
Dec
80
20 Va Feb 14
49% Jun 3
88 '/a Jan
5
—,,,-5
,
Pittsburgh Coal of Pal—
400
14
*86
94
*87
90
90
*78
68
V
Hosierv
Pillsbury
Pitts
6%
6
68
8%
8%
Phillips Petroleum
135
*5%
57/a
8%
: *7%
*6
*66'A
*190
57 a
7'a
*105
6
6
*168%
•
*190
*190
!
14%
1414
13%
13%
135
6
9
*5%
*G7%
9
78
80
A
*105
68
6
67
*8%
9
*8%
■
135
9
6
67
'
*105
135
*105
135
*105
135
705
25
51%
17
7
Sep 15
3
40% Apr 26
Napar
-100
No par
'
Pncenix
20
—
—-.^pO
series
preferred
7%
115
115
43 %
115
58% Jun
106 Va Aug
10
Phillips Jones Corp
Jan
Jan
-.IQO.
Ltd
series
4%%
Preferred
100
16
...
4%%
Preferred
80
113%
preferred
Corp
16'
2%
32.
Nov
7
par
No par
700
3
Jan
1%
7% Jan
1
25
50
72%
Jan
Jan
16%
33% Jan
23% Mar
No par
com
preference com
4.4%
121
%
43
& Co Inc
Phelps-Dodge
Corp
Philadelphia Co 6% preferred
$6 preferred
-—No
570
102%
(Chas)
Pfizer
2,400
23%
Co
Brewing
July
15
46 Apr f24
10% Jan 3
54% Jan 4
100
5
No par
2nd preferred——
Corp of America
Va %
*7%
30
1 Va
17
Dec
July
Jan
17%
23% Jun
25% Mar 17
21 Va Jan 15
55
Jan 4
5% Jan 6
v
45%
106
27 Va
5
Apr
Jan
27
2% Jun
110V4 Mar 17
«L—No par
Co
*25%
108
■
oreferred
5%
19%
108
*109%
preferred
5% prior
76
Jan
8% July 12
100
Marquette Ry Co
*74
76
x53 Va
54
Pere
15 Va
5
Jan
31% Aug 18
37% July
Apr 28
Feb
7
Jan
3
Apr 26
Apr 10
.1
100
100
Co
Pepsi-Cola
19%
93
14%
2,200
14%
62%
14 V8
19%
19 Vi
110
14%
900
102%
93
14%
300
63%
53%
*108
*14%
23%
23%
21
35%
100
20% Feb
16
Glass
preferred
—
100
Pennsylvania RR
50
Peoples Drug Stores Inc
5
Peoples G L & Coke (Chic)——100
Peoria & Eastern Ry Co100
11,200
29%
14%
7%
23
*23
pref ser A
—No par
Sand Corp—
No par
$7 conv
Penn
25
37% Feb
par
5%
63
47
*58%
100
No
Cement
Jan
13% Apr 18
9Va Jan
3
2'A Jan 10
1
10
Corp
5
July
29% Jun
1% Mar 27
93% Feb
Coke Corp
102%
108
93 %
9%
29 Va
63'A
63
9
:
400
18%
&
53%
108
/*92 %
23%
27
*105
7%
58%
Coal
102%
*118
121
*118%
121
33%
25%
25%
25%
*25%
*118 %
22%
29%
47
105%
*17%
4% :
*111
*26
60
59
22%
22%
53%
22%
*9%
*9
*102'A
22%
k
62%
61%
62
61 %
105 3
7%
9'A
*9
9%.
*9
7%
7%
7%
18%
29
26%
*7'A
58
*18
*111
47
26%
58
*56 Va
17%
*75
*105
i
2,100
61
106
No par
Ford
&
14%
.76
.
Penick
18%
-47
*74
200
900
18%
63
■
57
106
*14%
61%
*14
14
617!«
56
105
18%
14
*12%
57%
105%
Enterprises
14%
23%
\u
Patino Mines &
7,000
14%
63%
*23
'62%
*23
17%
Transportation
Parmelee
2,300
8
6
26%
18'A
4%
15%
51%
2
47/a July 13
3
Jan
2.50
No par
10
No par
Parker Rust Proof Co
400
22%
18%
57
29
2.9%
17%
29%
15
*110
29
7%
Mines—1
No par
18%
17%
18%
*111
29%
(*22
V"<
ex-privilege—_1
Davis & Co
Penney (J C) Co
Fenn-Central Airlines
*104
57
58
*17%
18%
4%
4%
*57
57
57
*17%
18%
*14%
15
*56%
57
105
18%
*110
♦110
■
105%
4%
4%
*56 %
57
104
57
*56%
18%?, 18%
14%:
15 Va
18%
14
57 %
105
104%
%
18
7
17%
18
17%
*56'A
A-
29%
22%
%
30
*21%
1
Consolidated
Utah
49,
103
Jan 10
23% Jan 27
27
Sep 16
100
»
Inc
Pictures
Paramount
19 %
18
2% Jan
45
No par
Inc
preferred
conv
25%
1
& Ref,_.
Prod.
Cos
Paraffine
1%
'
Jan
1*13 %
25'A
1%
2%
Jan
"A 31%
-
17% July
105%
8% Feb
-100
preferred——
25%
.
Jan
114% July 13
Petrol & Transp
Panhandle
400
*106
110
9
45% Sep 26
109'A Jan
8
5.60%
1,500
54
Oct
6% May
Panhandle East Pipe Line—No par
1,500
Corp
American Airways
Pan-Amer
53
4
54%
Sep
160
Jan
11%
14 Va
46%
119%
Dec
43% July
*13%
110%
Jan
3 Va
Jan
14 Va
46%
91%
147
Jan
*13%
110%
28% May
7%
Pan
No par
Packard Motor Car
46%
Jan
23 Va
16,400
10,600
110
19
Va July
July 17
Aug 22
5%
32%
46
5
7% July 25
3
Dec
45
35% July 10
5%
31%
4
Jan
3
12
Sep
Jan
31%
Jan
17% July 10
6%
Aug
8
5%
32%
14 3
41V8Jun
121% Jan
163
16%
Jan
12% Feb 29
3% Jan 27
5%
31%
46'A
Jan
Apr 27
Jan 11
Mar
33
10
July 12
28% Apr 25
10
Oil Corp
5%
32 Va
46 %
25 Va
117%
149
4%
par
Apr
July
5
5
Western
Pacific
15 Va
5%
*13%
46
3
10
13 "2 July
23 Va
15% July 14
Jun 16
34
39% Jan
1
Pacific Tin Consol'd Corp
2,800
6%
_—
23% Feb
15'/a May 3
30
Jan 10
100
100
& Teleg
preferred
31%
53
110
44%
44%
*119
14 Va
53
*44%
3
39
Sep 19
17 Va Jan 3
No par
xl60
46
53
44%
Lighting Corp
Pacific
163
*14%
*105
110
♦105
16%
32%
119
110%
4
*20
*15%
x32%
6%
53
53%
220
20%
20
16
39%
32
*110
4 Va
4 Va
4
4
*52
preferred non-cum
No par
2nd preferred non-cum—No par
Pacific Finance Corp (Cal)
10
Pacific Gas & Electric
25
119
5%
*13%
45%
,31%
20
100
40%
33%
15 Va
31%
*40
20%
6%
5%
32 %
5%
5%
41
1st
*161
39%
163
*101 Va
*40
10
Co
Pacific
15 %
44 %
118%
118Va
119%
*118%
119
*
44
39%
39
39
38%
38%
*118%
40%
Coast
300
33%
*20
20%
44
44
40%
40%
*40
*10
Dec
Apr
Jun
13% May
•
13
Jun
40%
Jun
24%
Jan
48 Va
Jan
58
114%
Apr
123
11%
Jan
17%
Apr
75%
Jan
96%
Oct
20
85%
Jan
Apr
13
96%
Jan
107% July
114% July
119% Apr
10
108 V8
Nov
129% July
15
113%
Nov
122
10
26%
Jan
40 Va July
11
Jan
19% July
120
July 19
,.
Jan ;12
18% July 10
100
July 12
107% Sep
110
119% Feb
52 Va July
18
Mar 22
Sep
Feb
Aug
113 >/a Aug 25
104%
Feb
114 Va July
14
92 Va
Jan
107% July
13%
Jan
107% Aug
24% July 17
22%
Nov
,
Volume
HIGH
LOW AND
$
$ per
per share
1 per
share
STOCKS
PRICES
Sept. 28
Sept. 2i
$
share
$
share
per
•
share
per
-V
•'
$ per
v
Shares
share
Range for Previoos
Range since January 1
Lowest
EXCHANGE
the Week
Sept. 29
STOCK
NEW YORK
for
Sales
Friday
Thursday
Wednesday
Sept. 26
Sept. 25
Sept. 23
SALE
Tuesday
Monday
1417
RECORD
NEW YORK STOCK
Saturday
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4321
160
S per share
Par
■
Year 1943
Highest
Lowest
$ pel share
Hi|hest
$ per share
$ per share
!\
Q
*15%
16
*15%
16
*15%
;
,•
16
16
16
•:;'
%•
V;.!
;
10%
75
/
31
31
17 %
17%
10%
10%
10%
10%
25,700
75%
75%
75%
75'/a
.■
•
•
8%
8%
8%
90%
91
31%
31%
31%
31%
31%
31 %
17%
17%
17%
17%
17
17
32%
32%
17%
17%
;■? 36%
36%
31%
31%
31%
17%
17%
17'A
*31%
32%
32%
32%
17%
17 V*
17%
17'A
*133 3"4
32%
.17%
32% :
*31%
17%
17%
17%
.
8%
8%
8 Va
5.200
91%
8%
91
17 %
'
90%
90%
560
Radio
32%
32%
*17%
■
17%
:
•
Rayonier
;
*36
37
*36
37
*36
37
*35 Va
37
30% /'
*30%
30%
*30%
31
*30%
31
*30%
31
30%.
30%
11%
11%
*10%
11%
*10%
11%
*10%
11%
11%
11'A
'100
Reading Company
4% non-cum 1st preferred
100
*10%
62
16%
16%';
18%
*19%
17%
16%
19%
20%
20%
20%
20%
21
99%
*99 Vb
99%
99%
99%
700
95%
95%
95%
95
95
180
Rensselaer
13%
13%
800
Reo
18%
18%
18%
-•
10%
18%
18%
103
19
7.400
101
30
98%
*97%
98%
98%
98 3A
99
99
11%
11%
11 Va
11%
11%
11%
11%
11%
11%
*97
98
98
98%
80
80
79%
79%
79
14'A
14 %
14%
14%
7% 14
94
94
94
94
97%
97%
79
79
14
14
94
94
.
/
.
14%
*93 Va
/
94
•*13%
13%
13%
14%
13%
33%
33 Vb
33%
32%
38%
*38
*38
93%
-
210
14
13%
13%
2,900
Reynolds
33 VB
33%
.4.000
Reynolds
(R J)
38%
38%
38%
10
17
17
38%
*38
16 Va
16 %
16%
16%
16%
16%
16%
16%
16%
9%
9%
9%
9%
9%
9%
9%
9%
9%
*14
14%
14%
8%
8%
21%
21%
*33%
34
34
34
33%
*18%
18%
14%
*14
.
*7%
33 Va
21%
8%
21%
34
*33
r.%
900
Royal
.
Ruberoid
1,100
19
*18%
18%
18 'A
18%
18%
18%
*18%
18%
51
*50 %
51
51
51
51
51
*50Vb
51
70
33
33
32%
33
32%
32 7 a
31%
32%
32
4.400
%
%
.
1
No
(The)
Rustless Iron & Steel Corp
2.800
18%
Co
;
J
No par
preferred
$2.50 conv
pai
Dec
Jan
80
Jan
Jan
Jan
Jan
86% July
Nov
13%
20
Sep
May
19%
Jun
Oct
Aug 17
4% Jan
14
Jan
95% Jan
10%
Apr
101%
16
21% July
5
Aug 12
99% Aug 30
12'A July 31
100
July 5
83% July 20
103
9
73 %
5%
76
59%
7%
80
5%
25%
8
7
July
34%
34% July 8
23
Feb 19
51% Apr 11
27%
Oct
9%
Apr
98
Feb
70
Feb
15% July
Jun
93%
11% July
32%
Jun
39 %
July
Oct
14%
12% Sep
7% Jan
9
Jan
5% Jan
19% Dec
20% Jan
11% Jan
43
Jan
35% July 12
Dec
88'/a
Feb
18% July 3
11% July 8
17% Jun 17
9
Jun 30
24%'July 5'
Jan
3
Feb 29
Jan
3
Apr 18
Jan 26
Jan
3
Jan
5
Jan 13
20% July
Jan
Jan
Deo
Nov
Jan
Jan
Jan
Jan
39
No par
Typewriter
Jun
6%
Dec
3
Copper Mines
Antelope
Nov
30
93
36
13
8%
13
5%
17%
25
14%
45
35
74%
4
3
-
Aug
69% Jan
15% July 10
99% July 15
15% July 10
35% July 10
No par
Corp
Jun
32
22% May
42% Jan
Apr 24
May
Dec
Jun
15 Va
I
10
85% Apr
8% Jan
28
Jan
1
Co
Oil
Company
Roan
400
34
*33%
Mfg
Ritter
14%
21%
34
34
Richfield
21 Va
8
8%
*21%
•
*14
14%
*14
8 %
21%
8%
23
Rheem
1.700
51
/
51
*50%
*7%
*21%
.
Common
1.300
9%
9%
Tob class B
Jun
29%
16
100
3
3
15
4
Jan
4
MO
10%
101V2
Jun
18
Spring
33%
66%
20
6
14 %
12
3 ;
Mar
10
13%
32%
*914
*14
8% Apr
99% Jun
87
Jan
6% Jan
84
Jan
63
Jan
16
.
1
10
Reynolds Metals Co
5%% conv preferred
14%
16%
21%
preferred
5%%
510
33%
*38
38%
___1
conv
8
31
20
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
99% Aug
7
a
10 ,'•
24
21
17% July 11
21% July 11
21% Aug 18
9
70% Jan
No par
100
100
No par
100
100
No par
preferred
6% conv prior pfd ser A
Revere Copper & Brass
1%
preferred-..
6%
70
x83% Mar
Inc
Motors,
Republic Steel Corp
2.500
93%
-94
14 %
25
54%
21
11%
26%
14%
26%
22%
3%
July 29
133
Jan
100
RR
Saratoga
,
14
33%
93 Vb
79
14%
14%
98%
79
/
79%
%
140
98%
98 Va
*98
4,600
&
July
33% July
20 Va Mar
38%Jun
31% Aug
12 % July
18
7
Jan
Jan
3% Jan
33% July 10
3
3
Feb
5
Feb
5
Apr 19
90
50%
11%
-18
14%
warrants
Preferred with
33%
14%
33%
8
500
*97%
79
14%
13%
18%
100%
18%
18%
*101
*13'/b
13%
13%
18%
103
*101
98 V2
98
38%
13%
13%
13%
103
*100%
103
13%
July
12% May
71% Oct
4% Jan
59
10% July 10
107% Jan 17
Feb 3
Feb 2
Jan 3
Jan 13
Jan
7
Jan
3
100
No par
10
1
Remington-Rand
20%
95%
4.400
& Co
Mfg Co
99%
11
/
Reliance
20%
V
79
8
Reliable Stores Corp
500
95%
*97%
*14%
400
19%
99
*100'/a
*21%
•/.
16%
19%
95%
98
*38
*16%
19%
20%
103
*97%
16%
*19
(Robt)
99
13%
18%
10%
16%
-
Reis
94%
*99
95
98
.
Aug 23
100
-
_
1st pfd
150
13%
99
*33%
/•
19%
Preferred
61
99 V8
20 Va
20%
20'A
99
*100%
17%
Hosiery
-
61
60%
59%
July 12
77
12%
28
15'%
32%
27%
5%
50
50
—5
2nd preferred
non-cum
Silk
94%
20%
*94%
*16%
.
19%
*19
58%
4%
Real
135
*130%
135
*130
4
58 3
59 Va
19%
17%
.17%
•,
19%
*19
135
*126
59%
60 %
60%
135/
*126
135
*126
135
60
100
12
28% Jan
No par
-1
25
50
Inc
preferred
$2
700
1.700
37
.
Manhattan—I
Raybestos
V
8% Apr 13
1
100
Radto-Kelth-Orp' mm
6% conv preferred
1.400
*29%
*126
15
10% Jan
69% Jan
5
7% Apr 24
85% Jan 27
...No par
preferred—No par
Corp of Amer
$3.50 conv 1st
3.000
'•
*35%
*10%
16% Aug 21
12% Jan 21
—If
Quaker State Oil Ref Corp
1.820
31%
.
.
10%
76%
90%
8%
90
90%
10%
*75%,
11
.76%
*70 Vb
8%
8%
90
90
10%;
75
8%
*8%
90
100
16
•
;
30%
75
10% %
10%
*74%
•
*15%
16
*15%
12
July
17% May
9% May
21%
Dec
28
Oct
18%
Jun
50% Aug
S
32%
•..
32%
■'
S J
i»
•'
•
•
III
'v-' 1
n
1
*
*%
*%
I if
1 Vq
jj
1 %
-
%
tie
52%
52%
113%
113%
8%
8%
it
*1
52'%
52%
113%
113%
*113
113%
113V4
113%
7%
7%
8
8%
8%
8%
52%
52
52
34%
33%
34
33%
108%
*106%
108
*106%
108%
*106%
*42 %
*42 %
42%
42%
42 Va
*108
109%
*108
*111%
113
*111 %
113
*108
109
*107
109
*107
109
21%
21%
21%
21%
21 %
6%
6%
6%
97V4
97%
97%
98
22%
21%
15%
12%
21%
217'a
97%
22
21%
98
15 Va
15%
*73%
74%
74%
*75
15%
74%
12%
12%
12%
15%
<1.200
12%
76
*74%
76
13
15
15
15
15
52
51
51
51%
51%
*23
23 %
23%
23%
22%
23
*74%
*51%
15%
2,700
52 Va
90
22%
22%
*22%
23 Vb
2.300
Shell
1.300
Silver King
1,400
Simmons Co
No par
3%
34%
34%
34%
34%
34%
34%
3%
34%
3%
34%
28 %
*27%
28%
*27%
28%
*27%
28
%
28%
28%
13 %
13%
13%
13%
13%
13%
13%
13%
13%
13%
*3%
4
4
36
36
14%
14 5 8
*'22%
22%
36%
36%
14%
.
*36
15
*14%
*14%
*22%
37'%
28%
29
12%
12%
12%
12%
12%
12%
4 %
4 Vb
40
40
38
38
38%
39%
28%
*27%
28%
600
12%.;
12%
12%
12%
12%
21.700
4%
5,500
/
25%
4%
40%
40%
40%
40
40
38%
39
38%
38%
39
39
39
*150
7-
153
153
155
25 Va
*25
*25
15% / 15%
25%
*15%
25 %
,
153
*150
153
*150
16
16 /V
28%
28 Va
■:/:
25%
■%V2577
52%
52
52%
"■/
69
71
: 71%
28
27%
27%
24%
.25
*51%
52
52
*65
66
66
25
'
25
25%
16
28
4%
4%
4%
4%
40%
40 Vb
;
'
152
25%
%
*150
152
25
25
%
15%
28
'
a
25%
24%
25 %
25%
26
52 To
52%
53%
53%
54
72
73
72 Va
72%
72
72'/a
*70%
72
81/2
*7%
*70
72
31%
26%
26%
*30%
31%
26%
26%
48
;
47
47
*46%
48
*59
60
*59
Y-
72
V
33%
31
31
26%
26 Va
26%
26%
27%
::.5,300
46%
46%
*45%
48%
*46%
47%
200
*30%
31%
60
60
60
11%
11%
11%
11%
11%
11%
11%
11%
11%
68%
68:%
68%
68%
68%
68%
69
69
68%
69
*114
-
118%
111%
33%
33%
34
34
*113
115
*113
115
•112
115
59
59
*57
59
*57
59
*113
117
115":
*112
115
*110
111%
111
*110
:
113 ■>;
113
V
29%
29%
3%
•;■
29%
115
/
29%
*111%
115
*111%
115
*113
*110
*110 ■; 111
29%
29%
*111%
115
*57%
29%
*111 %
3Va
3%
:
.
3%
*3%
3Vs
62%
62
61 %
62
70%
69 'A
69%
68%
69
68%
69%
69
35%
35 3 V
35%
36
35%
36
35%
35%
35%
35%
35%
32%
32%
32%
32%
53%
54
53%
54 Va
433u
43'%'
43 %
43 Va
10%
10%
*31%
*64
*111
113
*110'2
.
43%
113
/
10%
65
65
65
54
43%
1
34%
;
65
*31%
■
-
:
10%
10 %
32%
*32
32%
.
32%
53%
65
: *
32%
32%
53%
32%
<
113
10%
*61
62
53%
43%
43%
32%
*111%: 114
10'A
10%
*110
10
64%
,
7.400
11.400
1,100
112
•112
10%
10%
100
4,900
■
/
32
*31%
32%
100
64%
65
*64%
65 %
1.500
15%
1,400
35%
15%
16
16
15%
16%
*15%
16
15%
15%
15%
11%
11%
11%
11%
11%
11%
11%
12
.11%
12
11%
11%
17%
*16%
17V4
17%
17%
17
800
10%
10%
10%
I 101/2
*17
10%
17%
10%
10%
2.400
19%
19%
20
19
59%
59%
60
*60
128
*126
*17'
10',4
19
*59%
*126
*126
128
; *5%
'
5%
6
9%
9%
24%
9%
24
24%
18%
18%
60%
'
128
*126
128
127
24%
6
9%
25
70%
70 Va
*68
70%
21%
21%
21 Vb
*20%
21%
30
30
30
%
29
29 3
30
20%
20%
29 %
29 7
10%
60
*29%
20
17%
10%
19%
*20%
20
*16%
,
61
*68
*68
10%
*60
19%
9%
10
24%
'
17
-
61
5%
6
10%
30
19%
20%
19
5%
5%
5%
127
:
5%
•
■,
.
18%
*60%
.
19
20.200
61
400
127
127
5%
6,800
5%
20
3.600
No par
Brands,
—No par,
No par
Inc
preferred
16%
Jan
20 Va
Aug 10
10%
Jan
15%
Jan
30% May
15%
Jan
30%
35 Va
Jan
49% May
27
42%
Jan
66
2%
Jan
2%
Jan
Sep
33
Jan
61
Nov
28
21%
Jan
35
Dec
Sep
Jun
5
2
Stokely Bros & Co Inc„
5%
28% Jan
18
62% Feb
9% Feb
15% Feb
pridf preferred——20
Stone &
Webster——No par
(The)-—_ 1
Studebaker Corp
Sun Oil Co
Class A pfd
/
Jun
Jan
27
5
Va Feb
Sep
Sep
33
Jan
42
July
109
Jan
116 Va July
July
Aug
28
Dec
25
Sep
Jan
Sep
1
5
15
July 10
44% July 32
115
Jun
11% July
28
5
Aug 24
67% May 18
34
.
49
Jan
31%
Dec
100%
Jan
115% July
1%
Jan
6% Mar
9
Jan
38 Va
10Vi
Jan
44%
28%
Jan
40
28 Va
Jan
46 Vz
Jan
60
37%
Jan
45% May
~6%
Nov
9 Va May
25
Jan
31% Mar
68 Va July
Dec
Dec
May
38% July
"
66
Sep
May
Jun
5
7y«
Jan
14%
13% July 12
4»A
Jan
14
July
17% Mar 14
14Va
Dec
xl7
Sep
6%
Jan
10 % May
5%
Jan
15'/8
48 Va
Jan
17% July
11
July
20% July
60% Jan
15
121
Sep
64
70
58 Vb
;
1
cum)—100
——1
Co_
10c
15
(4%%
Sunray Oil Corp——
8 V*
Jan
117
39 Vb July 12
19
13% Apr 19
54
60
Jan
110
34% Jan
.
7% Apr
./.No par
—a.,
3
35 Va
Nov
2
July 20
4% July
10
_1
44V4 July
107
116
3
—
35V4 Mar
Jan
May
33% July 3 2
29
11% Jan
Nov
66
Nov
112
13
—10
5
23 V2
'32%
112%
64 Vb Feb
4
No par
——^r_
Sep
28
115
14
7
6%
Apr
Jun
28
61
3
Sep
6%
Sep
Apr
Sep
48
27
34% Sep
14%
Apr
Jun
29% July 18
9
Jan
25
9
19
May 17
2% Jan
110
Sep
July
72
111% Apr
28%
30%
149 Va
Jan
113% May 25
Feb
Dec
Jan
Jan
32% Jun
22
108
29%
Apr,
7% Aug 18
28
Sep
132
5
21%
9
Jan
Jun
151/4 July
•
73
11
3
5
21
Aug 16
7% July 5
127
4%
Apr
Nov
Jan
122
Dec
63% Mar
130
Sep
6
Oct
7%
Apr
5
Sep
26
Jan
May
25
12%
22
27
84% Feb
2
58 3A
Feb
82
May
22
500
19% Apr
25
25% July
5
300
Sutherland Paper
29
Sep
14
8% Jan
4
23
27% Jan
3
4.800
8.400
70
800
21%
*20%
21%
*21
21%
30%
*28%
29%
*28%
29 Va
Sunshine
Mining
Superheater Co
Superior
OH
of
20
19%
19%
197/8
20
2.300
Sweets Co or Amer
29%
30
29%
29%
29%
29%
3.000
Swift, &
Co
(The)
Co
29
29
29
29'/a
28%
29 %
5.100
28%
28%
28 %
28%
28%
2.800
Syivania
6%
6%
6%
6%
Va
6%
13,000
^
Swift International Ltd
28 %
Jan
11
110% Sep
6% Jan
28%
1419.
2%
1
33% Jun
preferred
100
Spring——1
29%
page
391/2 July
251/4
50% Feb
Standard Steel
28%
see
Jan
Jan
12% Aug 17
74% July 17
38% Mar 13
57
Nov
58% July 10
3
110
23%
28% July 10
27
Jan
6
Sep
24»/2 July
Nov
25% Sep 19
17% Aug 21
33% July 12
22% May 13
36% Jan 26
56% Jan
Nov
Jan
155
5
14
L S—
45 %
10%
5% July 12
14
May
3A
May
15%
Aug 18
43% Sep
5
26
Feb
50% Sep
40% Jan
29%
footnotes
Vb Jan
25
(The)
27%
xl3% July
19
5
43
3
25
Sterling Drug Inc—
Stewart-Warner
Corp
28
Apr
14% July 17
3
4
7
25
Starrett Co
Jan
Jan
10% May
28 Va
Jan
Juiy 19
41'A July
3
Standard Oil of New Jersey—
4% %
V9
5
29% Aug 23
6
6
Apr 24
Jan 17
Standard Oil of Ohio
29%
For
Jan
Jun
17% J&n
10
25
70
6
15
Jan
Jan
Standard Oil of Indiana
29%
7
2%
7
31
29%
6%
Jun
6
No par
29 %
7
Oct
12
4% July
Standard Oil of Calif—
28%
6%
57
29
73% Aug 23
28%
7
10%
Jan
Jan
65% Aug 23
29%
6%
Jan
17%
69% Sep
S7/b
24%
70
'A
53A
31V2
8
28 3 4
a
27
July 11
15% Sep
55
10
29%
%
73 Va May
42% Jan
5
pref—No par
29%
a
16 % May
Jan
25
>_100
——10
_12%
10
24%
70%
*19
73 Va July
Jan
No par
10
24%
70%
21%
Jan
8%
64 3A
20
Calif
Superior Steel Corp
10
25
*29
64
Sep
(The)
9%
..
17% July
3%
24%
*70
Jan
33% Feb
8.400
32%
9
,40% Feb
35%
43 V*
Sep
5
No par
$7
53%
18%
No par
$6
6.400
43%
Jan
prior preferred—!
prior preferred—
,'v 900
69'A
32%
10%
—No par
1.600
61%
•
10 Va
7
28
—
Standard G & E Co $4
53%
113
$3 conv preferred A
Spiegel Inc.—
;
Conv $4.50 preferred—No par
Square D Co
i
1
5% conv preferred
—100
Squibb (E R) & Sons—
.—No par
Standard
VB
54
43%
Sperry Corp (The)
3.200
32
32%
64%
*31%
•
61
.
Spencer Kellogg & Sons
$4.25 preferred
32%:
53.%
*43%
:
3%
3%
3%
70
Dec
5
21
55
No par
No par
—1
No par"
N'c pa"
-2
Spicer Mfg Co—
$4.50
Jun
90%
16
4% Jan
No par
—A——1
Spear 8s Co—:—^
$5.53 preferred
30
4%
Jan
28
20
Jun
Jan
20
Jan
40% Jan
54
Jan
':
stk tr ctfs—-100
$5 pref series A
115
*111%
115
••
29%
29%
29%
v
26%
Jan
59%
28% Sep
23 % Jan
preferred™—100
30
111
111
61%
3%
1.600
,
'
3%
*61
1.330
•
116
*112
70 3 i,
%
59
*57 VB
62%
%
62
Vi
115
*112
V
9.200
33%
33%
111
33%
29%
29%
*111%
33%.
33%
34
115
*57
59
*110
*59
*113
34 »
*57
3
'•130
60
60
11%
115%
*113
7 69
,200
31%
26%
/:■"
68 34
68%-
10
No par
Railway
Sparks Withington
*
11%
(i0
*59
*11 %
Southern
•;V
*71
t'V
Natural Gas Co__,—7.50
No par
Southern Pacific Co-
/ 200
%
8%
v:; 72
2
Feb
29
25
Sep
35% Sep
28%
141
22%
13%
California Edison——25
Southern
31%
60
7
6%
8%
72
26%
26 % i
7%
7%
7%
'
*30%
72
31%
*30%
*46%
7
*70%
*7%
^
8
.
7%
7%
7%
*7%
V*
15
Southern
1.900
TVs
16
22% Aug
100
non-cum
Mar
20
preferred
5%
112
14% Mar 13
3
Mobile & Ohio
Dec
78% July 19
10
3,400
105
18% July
14
3% Jan
V 490
,
8
24% July
7
14
28% Jan
14.300
24%
7;
Feb
Jan
7VB Sep
1
21,600
52%
25%
115
22
800
15%
29
Nov
18'A Jan
No par
July
43
29
23% Jun
15
Sugar
107%
Dec
Sep
13% Apr 25
700
25
-
'
*70
40
153
15%
28 Va
16
8%
Jan
36'A
99
Greyhound Lines™5
Southeastern
96
22
Jan 28
29Va Feb
5
23
Apr 12
12
Jan 27
Typewriter_No par
Sep
12% Mar
109%
110
May 16
Sep
114
16
42% Feb
113
20
Iron
&
Corp
South Porto Rico
Nov
No par
10
Steel
Corona
&
Jan
6%
XIO8V2 Mar 23
25% Apr
35
15
Socony Vacuum Oil Co Inc
South Am Gold & Platinum
1.900
'
27 7
Smith
600
28
15%
28 Va
*15%
Smith (A O)
105 Va
1
1% Mar
21
24% Apr 24
23
Apr 19
10% Feb
8
No par
Corp
35
5
Sep
9 Vb July
36% Jun
76
3
5
$1.20 preferred
1.200
28%
*22 %
Oil
Sloss-Sheffield
10
28%
39
39
38%
38%
*22'A
22%
15
22%
Oil
Coalition Mines
Skelly Oil Co
400
*14%
22%
-
*38%
36%
15
.37%
12 Vb
4 %
40%
4%
4 VB
4 %
40%
36'A
1.500
Pen Co
(W A)
Union
Sinclair
14,100
37%
37%
28 Va
*39%
13%
13%
36'A
15
100
30
*22 %
22%
37%
28%
22%
37
35%
35
34 Va
*28
*27%
22 3 4
*36%
23%
36 7 a
*27 3 4
: 36%
36 %
361/4
14%
4
4
3%
34%
*3%
34%
Sheaffer
47 V* July
20% Sep
No par
Simonds Saw & Steel
23
*27%
4
(Frank G)
15 VB
*51 %
15%'
*34%
3 7a
Shattuck
/
No par
No par
No par
15
A
52%
15
52%
22%
100
76
*74%
76
No par
ser
3 Vb Mar
Jan
13
May 2
63% Jan
3
11% Sep
6
72
Jan 27
9Va Jan
6
48% Jan
4
No par
No par
$5 conv preferred—
Sharpe & Dohme
$3.50 conv pref
1.800
12%
12%
1
Sharon Steel Corp
20
75
*74
Feb
16'A Feb
84
No par
Co
Jan
115
5
Inc
Jan
Va
53% July 17
7
2% Jan
*51%
15%
15
14%
,<•
6.500
15%
b
Sears Roebuck &
Servel
21%
20 % Sep
Corp
5.500
*21%
22 V8
12%
74 T
*50%
:
Seagrave
3i»
3
25% May 19
No par
Seaboard Oil Co of Del
1.100
99
98
1
15 %
15%
12%
76
76
76
98
*74 Vb
12%
*73
12%
1,300
63A
*6%
36% Mar
15
1
Sep
7
Jan
6
Mar 16
Feb 16
Jan
3
5
21 Vb
21%
6%
*6 Va
No par
No par
No par
preferred
$4 preferred
109
*107
30
105
37%
109
108
new—3%
100
Distillers Corp.
preferred
$4.50
20
■'
15%
74%
15%
16
74
5Va%
Scott Paper Co
400
113
21%
*21
•7
21%
96%
21 Va
7%
97
96%
21%
6%
6%
113
113
21%
21
34
*111%
109
*74%
42 %
Nov
Jun
2% Apr
3" Mar 17
% Jan 20
43% Jan 27
110'A Jan
8
7
Jan
3
No par
100
5
Arms Corp
Schenley
108%
42%
preferred
non-cum
Savage
21.400
34
33%
33%
42%
*111%
6%
6%
22.000
*106%
Francisco
Louis-San
Safeway Stores
5% preferred
140
8%
42%
113
12%
52%
113'/2
8%
,
33%
*111%
*73
52%
8%
108 %
113
*15%
1.200
113%
52%
113
8v2
1.200
32%
42%
21
52%
■113
1%
tSt
27% May 12
10
100
100
Joseph Lead
St
300
*42%
107
*42%
s
!>
Iff
*1
%'
1
*1
9
id
*106%
32%
32%
noo%
1
1
52 34
/.
32
Prod's Inc.—No par
Gould Corp
1
Elec
Svmington
5 % Jan
27% Jan
26% Apr
10% July
3
10
18
5% May
9
14%
Jan
26 V»
Jan
33
4%
Feb
12 Va
Jun
22 Va
Jan
271/2
Nov
27 V2
NOV
35%
Apr
5
22%
Feb
7% Mar 13
4%
Jan
35% July
8% May
33% Aug 22
.
32 V* July
25
31% Mar 20
33% Jun 27
20% Sep
33% Jan
July
'Monday, October 2, ^j?44
& FINANCIAL CHRONICLE
THE COMMERCIAL
1418
Range for Previous
Year 1943
T
Highest
STOCKS
PRICES
LOW AND HIGH SALE
Sept. 25
Sept. 23
$
I per
per snare
( per share
share
~
,
Friday
, Sept. 29
- ; # per share
Thursday
Sept. 28 >
S per share
Wednesday
Sept. 27
S per share
Tuesday
Sept. 26
Monday
Saturday
8%
200
Range since January 1,
STOCK
NEW YORK
Sales for
the Week
Shares
Lowest
EXCHANGE.
t per share
Par
j
/
Highest
Lowest
$ per share
$ per share
$ per share
>/;->>T >>
•
•
°63/4
7%:
*7
7%.
10%
10%.
*5%
6
6
11 %
11%
.11% :
11%
45%
44%
45%
44%
'
33%
33%
34
34
16
16
16
16%
16
11
11
11
11
10%
11
11
*31
22
*18
19
*18%
54
*53
54
8%
8'A
8%
11%
44
4
4
4
29
28
28
14%
14%
15
*27%
14%
*
9%
9%
,
31
49%
9%
9%
16% '
4%
*95%
96%
96%
('
8%
104 %
104%
4',000
49
1,400
9%
*9%
9%
23
/.
> 1,300
22%
96 Va
*95 %
96
96
10%
10%
•
,
'1.900
•
16
4 Va
96%
9%
93/8
22%
>
16% '
! 16
4% >" » 4%
*15%
4Va
1
,
23
23
16%
4%
1.300
;
17.800
:
43/4
>"
60
••
'
>
10
10
?
10 %
*10
18%
*18%
■v
> 900
•
1.900
18%
18 Va
18 34
*18 Va
24%
24%
31%
31%
V
24%
24%
,31%
31%
106
105 %
106
*105%
8 3/8
8%
8%
8%
24s/e
24%
31%
S.600
i
V
105%
100
8%
3.400
106%
105%
61%
61 Va
13 Va
13%
14
13%
14
78 Va
78 V*
78%
79%
79
*116%
117%
*116%
117%
114%
114%
*
113 %
114%
*113%
114%
18%
18%
18%
60%
300
133/4
14
13%
13%
20.000
73
78 3/i
117
117 >
113%
112 3/i
113
18%
113%
18%
60%
18%
62
62
118
*60%
*60 Va
80
12%;
12%
61%
12%
104 Va
13%
104 %
18%
13
106
13
J2%
123%
$3.60
100
Ry Co
-1,200
■:
1
Co—-
"
Tubize
——;
37% July 14
4
.19% Mar 16
9
A 17% Jan
4
Apr
4
% Jan
32%
2
Coach Co
Twin
18%
18%
107%
107%
'
99
*99 Va
27%
27%
27%
30%
313/a
30%
31 Va
*1093/4
110 Va
22%
*21%
32 Va
313/4
31%
*110
*110
_>
1093/4
109%
99'/a
28
31%
22 Va'
22%
110
*22
2.200
{
1.100
17.200
200
1
31%
4.200
100
67
*65%
67
65 Va
*25
26 >
*25%
25%
25%
1%
1%
1%
13/i
37%
37%
65 Va
-
•;
-
600
22%
*110
*110
37%
15
14%
108
*104%
37
14%
14%
*104%
37
37%
*14%
1%
1 %
.
1 Va
66%
200
27
300
1%
1%
l5/a
24.700
;
37 Va
37
37%
36%
37 Va
5.700
14%
14 Va
14%
14 Va
15%
3.100
105,'
*105Va
*105
106
*105
106
26
•>
14 Va
37
147/a
:;/
26
1%
1%:
>
65%
25 3 i
25%
25%
N
65 V4
*64
*26
67
*65%.
■
t
106
10%
*10
70
105
10 Va
,
107
10
67
10%
30 Va
I" 100
70Q
67
10%
>
10
31
10
10%
10%
10%
10%
68
68
69
69%
*68 %
*68%
70
*68 %
70
10
10%
19%
10%
10%
10%
10%
11
10 3/4
11
31
31
31
31
31
303/4
30%
30%
305/a
88%
88%
883/4
89
89 %
89%
893/4
89%
89%
90
89%
89%
1,500
14%
15
14%
14%
14%
14%
14%
14%
14 %
14%
13%
14%
4.800
3.800
*30%
.
35%
35%
35%
*1033i
104%
*103%
•
,
35%
35 3/i
35%
36 Va
36 %>
104%'
104%
1043/4
104 3/i
1043/4
7
7
7
7
7
80
9.000
: 800
104%
6%
>.
i
47%
104%
6 3/i
7Ve
35%
*104%
36
104% '
6%
7 Va
*7
>
10 Va
*9%
7
35
120
1.100
non-cum
Jan
33%
45% Sep
6
26%
Feb
5% Aug 14
1%
Jan
16
Aug 14
33
7
9%
Jan
Aug 17
15%
Jan
13
25
25
8% Jan
Jan
i-
33% Jun
3
»
9
68% Jan
8% Jan
A
93% May
Jan
24% July
Jan
99
•
V
101
Oct
6%
Jan
93/4
Jun
Jan
67
14% Aug 21
34% July
Nov
4%
12
6
May
Jan
12
108% Sep
4
4% May'7
90
Jan
25
13
Sep
5
Jan
,
106% Aug 21
4
Va Jari
5
>
25% July' •!
16% Apr J* -
12%
26
,
July
.
10% May
6%
26% July 10
17
283A Jan
'
Mar 25
20% Jun
1
21'/a Feb
50
,
l7/« Jan
69
5
Sep
11
3
/
11%
5
5% July 10
i 99
4
15% Mar
100
18% July
4
Jun,.;
15% July
103% May,
343/4 Mai
7
5
r
Jan
Mar
263/b
Jan
6%
"•*
Dec
3
Dec
40%
July
34%
■
Jan
23%
July
,
8% Jan
12% Jan
63/4 May
Jan
94%
21
17
31% Sep
.
Sep
May
15
Jan
108% Aug 29
Oct
93/a
Jan
3
3% Feb
95
Jan
4
July
>49
Jan
8%
17% Apr
77%
Jun
Jan
ll3/4
Jun
113 A
109%
177/a
>93%
,
100
>. 92% Feb
-No par ••>. 26 - Jun
preferred
Union:.Tank:Car.—a
117
Sep
Jan
113/4
Dec
86% May
113
26
20% July
22% July
102% July
24
Jun
6
5% conv preferred.
Feb 24
United Air Lines Inc....
Apr 18
4%% preferred
Jan 19
United" Biscuit Co...
May. 4
5% conv preferred.—.
Mar 23
United Carbon Co
No par
61
May 5
United-Carr Fast Corp—-—No par
22
Jan. 3
United Corporation..
.No par V
1%. Jan 3
$3 preferred—
-No par
31% Apr 19
United Drug Co.;
—'—-—5
12% Apr 18
/ $4.75 preferred
...i.—.No par > 95% Jan
4
tJnited Dyewood Corp.——».
1
6
Feb 5
Preferred
1—1.
100
45% Apr 19
t/nited Electric Coal Cos
a
'5
8 'Jan
6
United Engineering & Fdy
.5 A 26% May 5
United Fruit Co—
i
;
No par
75% Jan 12
United Gas, Improvement Co..Ll3%
;
133ASep 29
United Merch & Mfrs Inc.—'
1
28% Jan 19
IIOV2 Sep
%.Jan
29
X24 %
Nov
20
93%
07
,17% Jan
34% Aug 21
Oct
>
28% Mar
>
40
Jan
31% Sep
Oct
Jan
287/a Aug 21
6
114%
Jan
15%
July 20
100
1
Apr
105%
6
7
.
Feb
X118
Jan
>80% Jan
79Va Jan
114% Sep : 6
111% July
5>
25%
,
100 A 100%«
10
> 22%
—100
102%
—No par
-. 20%
—.100
110
Aircraft Corp..
Jan
8
,
7
Feb 19
Feb
5
Sep 14
Jan" 3
59
42
X76%
26
14
Sep 25
82% Jun 20
9% Feb ' 7
76 / Sep
No par,
Jun
66
51 % Jan 10
25
100
Union Pacific RR
4%
Jan
4
7
52% Aug 18
10% Jun 22
.No par
Union Oil.of California
United
52
;
July 13 *'
43 % Apr 24
No par
series.;
$4.50
Aug
4
9% Jun 29
54
10
Dec
8
*
3
Jan
Oct
53%
Jan
8
Jan
85
14
Jan
2%
114
3
;
35
8
Feb
13
No par
pfd
Union El Co of Mo $5
Preferred
;
I
Bag & Paper
Carbide & Carb—
Union
1.000
;
■>
"
*65%
Union
Jan
5
July 12 :
58
"6% July
Jan
25•
No par
Under Elliott Fisher Co_
190
1.500
118%
31 Va
*116
1
- >
31%
*109%
118%
118 %
22%
22 V* :
*110
T
107%
31
1093/4
31%
-
119
>
27%
31 Va
40
;
187/a
99 %
'
28
30%
•
113
107%
'
■
31% 1-31%
118 V4
22%
22%
22 %
*21%
,
*110
99%
30%
118
'
18%
108 %
993/4
*27 Va
109%
*
119
*118%
107%
30%
31%
31%
-
119
*118%
119%
*117
110 Va
*110
110%
31%
*117
*112Va
108%
*99 Va
993/4
273/4
30%
30%
98%
>
5.900
78 Va
78
18%
99 3/i
27% : 27%
*108
108%
108%
99 %
28
98 Va
*27%
*109
108%
107%
*117>
117
117
•>
79
79%
7
14
13Va
6%
24% July
f 9% July 3 7
13% Mar
100% Jan
par
—10
1
—
;-!
18
July
13% July
28% July
Nov
6
3
mknm
*60%
16%
19
18% Mar
Twin City
7%
>27% July 15 :
23
13'
11% Jun
par
prior—No Par
Rapid Trailsit
No par
preferred
100
7
4P/4 July
Jan
Jan
11
par
r$4.50
Dec
8%
.7 %
19
Jan
'
••
12 % Sep
31
7
43
No par
No par
preferred
Jan
92
~
1
Corp..
Corp.:
33 %
;
i;
July
6% July
'
-No par
20th Cen Fox Film
$1.50
53 3^
Jan
19
—.1»
No par
Corp—
Rayon
13% May
Jan
5
3A 'Feb
8
25
Tri-Contlnental Corp—
>$6 preferred;
Jan
3%
14% Feb
6
10
Bearing....—No par
Transamerica Corp—AA—
2
Trariscont'l & West Air Inc5
Transue & Williams St'li;
No par
Truax-Traer
83/4
41%
323A Apr
Detroit Axle.—:
Timken
Apr
5% Mar
5
4
Thnken Roller.
45
10
6% July
13
par
Jan
28
5% Jan
Products ——No
Thbmpson-Starrett Co..
-No
$3.50 cum preferred
Nr
Tide Water Associated Oil
$4.50 conv preferred——No
Jun
8%
Jan
3
50% Jan
<
12 3/4 Jan
Thompson
Jan
35
19
123/4 July
15
50% Feb
—
53/4
.
22
4% Feb
Third Avenue Transit
Thompson (J R)
19
Sep
8% Sep
10 % Mar 29
44% Sep
par
preferred
10
Corp._No par
S3 div conv
49 %
No par
—,—100
1
Preferred—Thermoid
87/b Jun
> •
No par
preferred-:
conv
The Fair
640
8%
104%
104%
104%
■>>
83/4
8 Va
:
Mfg Co———-Na
Thatcher
1.800
31%
105 %
31%
•
*
13%
13Va
950
31%
104 %
61%
6.100
•
49
*95%
106
*105
8%
13
*60
1.800
'
145/a
106 Va 106 Va
:•<
31%
22%
106
29%
14%
14%
14%
'
104 Va
13
29%
77
303/4
28 3/4
49%
24 Vs
31%
31%
8%
*12%
4%
5.600
31%
'
8 %
1.000
43/a
49 %
:•
18 Va
24%
24%
106
*104%
106
,45 Va
434
"
31%
31%
313/i
18%
300
31
10
10
*11%
V
:
49 Va
*16
4%
"96%
18%
24 V*
24%
24 V4
*104%
*95%
'•
10%
18%
18%
18%
963/8
*10
10
9%
4%
12
31V*
93/a
16%
*16
4%
S.100
6%
*49
n
23
22%
23 3/8
48
6%
106
9%
4%
:••'
40
'3.000
>>:
20
31
49 Va
15%
>200
.
Corp
,
106%
31%
49%
23
8 3/4
.45%
4 Vt
•
83/4
109%
.;>
3
12
(The)'.
Texas & Pacific
30
106
107
31
:
15
14%
.
4434
4434,
28%
28%
■
*8%
.
900
'
-
109 %
*47%
12
*11%
4%
4% ;
"
43 »
.
'
12
13%
54
8%
6%
53/4
5%
Texas
•900
18%
48
*47%
48
'•
12 Va
54
,
>
Texas
•
23
6%
8%
443/4
15%
15
15%
15%
8% •>
.
108
108
8%
*44 Va
29
*28 Va
106%
23
23
*8%
83/4
110 >
*11%
93/a
49%
*49
53 %/",•'
'■
49%
31
31
18%
5%
4 Va
4
107
1063/4
30 Va
106 3/4
106 Va
18%
53 VA
443/4
44%
4
,
*47
>
12
*11%
44%
*44 %
19
11%
22 %
11%
Jan
4% Jan
Producing.:——.No par
Gulf SulphurJJi—
-No par
Pacific Coal & Oil—
—10
Pacific Land Trust—
.-1
Texas
6.500
43.900
16%
22 Va
Jan
42
Texas Gulf
2.300
34%
15%
54
•
500
6
34%
:
10%
8%
Texas Co
■
6-
16
22 Va
*8%
5%
*5%
12
11%
11%
44
48
*47
5%
5%
5%
5%
48
48
48
-*47
'
5%
34
4- 15%.
22 Va
108
8%
>>
11%
18 %'
•
8%
8%
8%
16%
*53 %
107
107
108
*107
108
8%
8%
*8%
8%
*8%
*
19
*52%
V
22%
22%
22%
22%
22
18 V2
54
18%
*52%
"106 Va
*33%
33%
34
34
15%
5%
6
*5%
6
*5%
33%
Tennessee
6.600
7
50
—5
5
25
Telautograph Corp
1.600
7
11%
45%
*15%
1.000
11%
"
11%
5
—9
Taicott Inc (James)
5%% partic preferred
45%
6%
7
7
7%
*7
*48 Va
50
OO N.M
50
46
'
6
•
50
*48 Va
7
7
45 %
45%
45%
45%'
45%
11
it
8 Va
8%
*8
8%
*8%
,4
50
*11
'
11
o
*48%
50
*48%
50
*48 %
*8
8%
8%
8%
114%
:
'
•
May
Jun
33% July
120% Aug 18
23
16
Aug 25
Jun 13
114
Jan
> 22% May
114
109Vs Jan
>
Jun
69 Va
Jun
70% July 11
55%
Jan
21
18%
Jan
Ji
Jan
22
173/a
Jan
17% July
5
-7%
Jan
15 Va
Sep
105% July
6
94 3/i
Dec
96
Dec
11% Aug 30
2%
Jan
9
Jan
v
Jan
26
Jun
x20
.
1% July
.V
37% Sep
United
preferred
Paperboard
98% Jan
4
Feb
100
10
*
.
•.
38%
11% July
5
33% July 14
90
Sep
15% Jun
Jan
2% May
35%
/
66
Jan
5%
78% Aug 30
»
>5%
1
•'
Sep
July
9%
Jun
233/4 Nov
28
35
60% Mar
•
76%
Sep
>29%
Dec
Apr
/
8
393/4 May
16%
3
3
99
105% Aug 17
9
7% Sep 21
Jan
Dec
100
Dec
3%
5%
Jan
Apr
'
78%
78%
78%
179%
*175%
179%
49%
49'
38%
39
8%
*111%
26 %
112%
8%
9%
8%
8%
9%
9%
36
36%
36%
9%
36%
*36
'
111%
112%
8%
8%
*9%
7%
26
26 %
*111%
50
38%
8
7%
26%
8
26 %
*49
49 %
38
38
46
46
46%
46%
42
42%
42%
43
50
140
49%
51%
50
140
8%
-
43
140
53 %
74%
75
57%
57%
128
128%
128%
25%
26 %
127%
26%
26
26
53%
74%
*3%
3%
3%
4%
4%
4%
5%
5
5%
5
5
*98
100
*15%
16%
*98%
100
*98
100
16%
*15%
100
16 %
*15%
5
5
5
5
5
37
*36
37
37
37
78
78
78
79
80
80
18%
18%
18%
19%
*11%
11%
11%
11%
117
*116
*48%
50
♦116%
13%
19
*11%
49%
*49
*116%
117
13%
13%
49%
117
13%
*77
79%
*76
79%
*76
78
*23%
24%
*23%
24 Va
24
24
*41%
*46 %
47%
*74
77
3%
4
53%
54
118
118
79%
173
79%
*171
*171
19
19%
77
4
79%
11%
47
118
*37'/a
38
11
*74
*53
*4%
5%
37%
19
*46
4
5
38
11%
77
53 %
15%
16%
19%
47
118
100
*11%
*74
53
*98%
*19%
*45
*3%
100
11%
13%
118
5
19%
*13%
.
4%
80
80
171%
*170
*169
'
5
4%
54
118%
*48%.
117
*116
*116%
*46
77
77
*77
24%
*23%
4
53
,
53%
118%
^
'
53
118
*46
74%
76
75
4%
118%
13%
47%
74
*4
*116%
13%
74
♦23%
49%
117
"13 %
47%
,
*11%
49V2
13%
13 Vs
*46
49%
49 %
15%
100
,
400
60
.: 300
79%
173
60
19
49%
500
3.400
13%
20
*77
78 3A
*23%.
24%
*53%
54
O Tl8
*118
54%
700
,
118 3/4
.330
43
*41%
43
*41%
43
*41W
42Va
*41%
*41
43
*42%.
43
*42
$3
*42 3/8
43
35%
*35%
353/3
43
35
35
35
35
35
35
*121
125
*118
125
*120
135
*122
152
152
*149
/
35
1135
h
35%
43
*122
135
*122
;• 10
Corp of Am
Van Norman Coj
•
Van Raalte Co Inc
preferred
'Vertientes-Camaguey/ Sugar
1st
Chemical
600
•
i
6%
•Va
div partic
& Row
El
—No par,
preferred—i—,100
pref———100
$5-
Coal & Coke 5%
Va Iron
6%
~30
pfd—100
-—-——25
25
49 % Sep
30
29
9
July
10
13%
6
8%
Jan
43% Sep
27
2 s/8 Jan
32
9%
Jan
42
44%
46%
Jan
130
Dec
46
Jan
62
May
64%
Jan
">. 74
47%
Jan
> 77% Aug 21
63% July 10
135% July
8
125
29
27% Aug 30
20%
Nov
48% Feb
23
42 Vs
Jan
4% Jun
>
29
1%
Jan
25
3/4
Jin
5% Sep
July 25
100
18% July
•
6
July
80
5
■
'
33/4 July
*11%
*29
>104%
53
51
12
29%.
104%
53
*50%
11%
51%
,
11%
11%
*51
11%
51%
11%
*11%
52
51%
,
52%
52%
12
12
12
29 Va
29 Va
*29 Va
29%
*29%
29%
*29 Va
29%
104%
*104%
104%
*104%
104%
*104%
104 Va
54
53
54%
55
55
55%
55
55
18%
18%
18%
18%
18%
18%
8%
8%
8%
8%
*18%
18 %
*18%
*8%
8%
8%
8%
footnotes
11%
51 Va
104 V*
18 Va
For
*50%
see
page
1419.
8%
8%
.
v
■>
400
Wabash
-
600
*29 Va
'
*
29%
100
104 %
104%
100
54%
55
4%%
Waldorf
3.000
*18%
18%
1.000
8%
8%
3.200
RR
System—
Walgreen Co..
4% % preferred
Walker
20 Va July
2% Niv
6% July
30%
Jan
Sep
27
41% July
Nov
59%
150
75% July
165%
Jan
15%
Javi
25%
Jan
119% Jun
12
115
12%
Div redeem
Walworth
Co
44%
40Va
Dec
63% Jan 15
80% July 27
853/4 July 21
51
Jan
65
57
Feb
67%. May
20%
Nov
2%
70
Feb
11
21% Jan
14
25% Aug
7
•"3% Sep
50
Sep
7
■
623/4 July
5
;
14
120
38% Feb
17
52
Jun
21
42% Sep
Mar
7
6% July
Jan
68% July
20 */a
Jan
4~5~
40
Oct
Jan
353/4
Sep
5
80
Jan
110
Aug
6
113
Jan
150
Nov
40
Jan
3
59 V2 Mar 13
24Va
Jan
preferred—100
No par
—
No par
10% Jan
19
12% July 10
7%
Jan
20%
Jan
July
Oct
Jan
29%
14
155
Feb
Jan
27
21
36% Aug 23
121% Sep
26 3/a
Aug
39
Aug 23
113% Jun
37
1
5% Mar 24
Feb
No par
Oct
49% July 24
149
.l—
Oct
14% Aug 30
'
100
G & W
Oct
120
25
41% Jan
100
No par
preferred——No par
(Hiram)
Feb
37%
,
Mttr
4
—100
Nov
25% July
Jan
8%
5
19
....
Oct >
Dec
3
5
Oct
13 %
Sep
52
3
88
13% July 11
•
6
50% Aug
,
Jan
26
23 % July
4
July
Apr
56
Sep
39% July
173
5
Nov
59% July
Jan
112
w
51
Sep
101
61% July 13
Jan
—
Jun
142 % May 18
Apr
Detlnning Co—
July
3% May
Jan
33
Preferred
Jun
37% May
V
Jan
25Va
40Va
.
Deo
11% May
28 %
July
26% Apr
1
30
May 25
104% Sep
19
108
July 31
4
55% Sep 27
38 %
Jan
54%
Feb
12
183/4 May 26
15%
Jan
18% May
17 % Jan
7% Jan
3
27
4%
Jan
48
'
Oct
8% July
Jan
29%
20
54% July 14
Apr
114
'
Nov
29 Va
Apr
19%
Jan
27
Nov
7%
Jan
108
4% Nov
July 20
47
4
12% May 15
15
% Sep
37% Jun
3
116% Sep
Sep
Oct
44%
Jan
27% Sep
;
Apr '
X423/4 July
Jan
4
Oct
10%
393/4 Jun
27
113
Mar 20
Jan
25 '
Julj i.
181%
•
Jan
8% Sep
Apr 27
9% Jan
Dec
5%
43% July 11
4
4
17% Jan
168
19
102
preferred
Vulcan
135
Co_6%
Works-—.-—---5
Chemical
3% Jan
Jan
27
Mar 13
-
4
31
19
753%
>
7
Dec
99%
'
Jan
Jan
14% Sep
2% Apr 4
> 76
Jan 18
14% Jan
9%
59
Jun
88
180
13% May
Jan
84% Jan
■
-
2% Jan 28
37
Ry——1-—100
preferred—..—100
5% .non-cum
Va-Carolina
44% Apr-26
No par
2.50
5
-—100
—-—5
Chemical Co.
Victor
xll93A Jan 27
22
May 18
• -
68
162
Vlcks Shreve & Pac
>
Feb 10
17
5% /4/>r 24
No par
—.—100
;
Virginian Ry Co.
*149
*149
*149
Vanadium
1.000
43
35
yniversal Leaf Tob
8% preferred
100
4%
V>3Vs
4
conv
Vick
783A
%
preferred
No par
Universal-Cyclops Steel Corp.
1
Universal Laboratories Inc.—
1
Preferred
:
No par
>50
;
.1
45
United Stores class A
47%
75
100
No par
preferred——.23
Stookyaids Corp
7%
117
50
-
Co..
non-cum
United
•400
•
24%
''
-
7%
110
43/4
5
21
21% Feb
87/a Jan 25
No par
Preferred
2,100
11%
—
-
U S Tobacco
y
$6
5%
42%
*41
*149
31,200
38
*41%
43
20
1.300
3%
*15%
5
*36%
3%
5
*98%
1,000
A
47%
;
30% Apr 19
40% Jan 3
35% Apr 18
1
Feb 2
40
Feb 7
130
Jan 13
51% Sep 22
69
May 25
50% Apr 19
.
—
U S Steel Corp
2.000
25%
3%
*3%
16%
*4%
*36
*46
47%
*46
3%
25%
25 V8
25%
Preferred
400
11,100
57'A I 58
129% 129% i'
129%
129
47%
*46
3%
*48%
2,900
53%
3%
*169
600
74%
3%
*4%
3.200
57%
3%
*15%
49%
140%
73%
34% Apr 24
5
Jan 19
16% Jan 3
10
—
1
Impt——No par
y S Rubber Co
——
10
3% non-cum 1st preferred
100
U.S. Smelting Ref & Min—a
50
Plywood Corp
4
7
—20
10
-
...
Foundry
Playing Card Co
U S
53%
26
Preferred
}U S Realty &
.
8% Jan
42
Jan
.1
y S Lines Co
U S Pipe &
U S
57 y2
129'A
—_—100
preferred.
200
X73%
47%
*98
*140
141
-No par
No par
Partic & conv cl A—
Prior
1.000
x53%
57%
57%
47%
*46
47%
*73%
47%
*46
49%
49%
49 %
*139%
1
Co
12% July
106% Sep
143A Jan 3
70
Mar 28
170
Jan 10
20
100
5
50
-
.
preferred..
conv
Leather
1,600
75
129
26
1%
2
1%
5%%
1%
43
53%
53%
53 %
43
Co..1...
preferred
Hoffman Mach Corp
S
U S
s400
1.000
47
47
43
49%
49%
140
57%
*46%
*46'A
*42%
1%
1%
6.500
8%
9%
37
;
U S Industrial Chemicals..—No par
50
112
*36%
47
.
8%
*9%
9%
U
6.400
37
43%
*45
.
4.900
*111%
8%
9%
*36%
8%
27%
'
127%
26%
1%
8%
10
37
500
8%
112
*111%
Freight Co
U S Gypsum
30
>
26%
8
*9%
75
57
57
56%
39
27%
U S
i:
preferred
1st
77/a Feb 10
97% Jan 4
No par
.No par
No par
& Foreign Secur.
$6
7%
300
50
*38%
*36%
••
53%
*74%
75
*126%
140
140
53 %
52%
*74
49 %
50%
50
*139%/ 140
43
*1%
1%
1%
1%
1%
*49
3
8%
8%
9%
37
1.100
14%
14%
39%
27
111%
700
79%
50
8%
tJ8
so
179%
*38%
27%
111%
A *14
600
...
16
*49
8%
111%
*176
179%
10%
105 %
*14
39%
26%
8
26%
79%
79
78 %
-49
*38%
15%
15%
*176
14%
*"49
38%
47%
*45
42
179%
*13%
V
14
.
*105
106
*15%
79
*78
*176
179%
10%
10%
10%
*105
15%
*15%
15%
*13%
-14
14
14
13%
*48
*175%
10%
106
*105
106
78
78
78%
*175%
10%
10%
'
*15%
15%
15%
15'A
15%
10%
*105
106
106
106
106
10%
*10%
10%
*10%
10% Jun
103
Feb
109
93/4
Jun
Oct
Jun
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4321
160
LOW
X per
X per
share
*1%
1%
n%
*29%
*
30%
*24 %
25
29 %
*18%
19
*29%
29%
8%
8%
*8%.
12%
12%
30
31
30
24V4
24%
*30
*80
81%
*79%
24%
24%
24%
241%
24%
93%
*92'A
93%
92'A
v
106%
*106
93%
93%
93
93%
118'A
11814
118
4
33%
4%
11%
44%
44%
26V4
26'A
24%
24%
24%
93
93
93
93-
26%
;
*93%
117%
23%
,*93%
118
107
34
33%
4%
*11'A
11%
11%
11%
11%
11%
700
44%
44%
44%
44%
441%
45i%
4.400
26%
26%
*26%
26%
26V2
26%
2.300
'
28
27%
103
103
103
102
103
102%
103%
140
*136
140
140
140
140
140
33
32
32
33
33
33
*33
34
*32
>30%
31 Va
31'A
107%
*107'A
28 Va
200
Weston
33%
31%
31%
108'A
108%
108 Va
107Va
107%
105%
105%
105%
106
106
102%
28%
28%
*30
31%
66%
102%
28%
*30
68
*66
68
28%
28 Va
77%
28%
*28
*32%
1st
103
28%
40
$4.25
77%
77%
*77
78
77%
77%
*77%
78
20%
19%
19%
*19%
20'A
*191/4
201/4
*19%
20%
*19%
20%
100
24%
24%
24%
25
25%
251/4
25%
15%
25V4
25%
25i%
2.100
8%
8%
8%
8%
8%
8%
8%
800
78
78
86
*
86
*83%
86
*83%
86
*27
28%
*27
28%/-
*27
27%
7%
7%
7%
7%
*7%
7%
7%
7%
15%
16%
16%
16%
15%
16%
15%
16'A
101/4
10%
10
10%
U
10 Ve
10%
92%
92%
92 Va
92%
*92%
12
12
12%
11%
*123Va
*20%
21%
*20 V2
22
42%
431/4
42%
42%
30%
31%
31%
31%
31%
31%
67%
67%
68%
68% A
70
70
67
20%;
20'A
42%
31
•
12
10%
*92%
931/8
700
12%
...
123 %
.
"■
V
,
12i%
1,700
12%
*123%
■
V
*123%
70
70
*69%
70%
*77
80
*77
80
*70%
72%
*70%
72%
*70
71
*33%
33%
*33%
34
33%
33%
33%
33%
*33%
14%
13%
13%
13%
13%
•13%
19%
19
19 %
18 Va
19%
19%
17 Va
17%
17%
33%
13%
;
38 Va
38%
103%
103'A
17%
18%
39
38%
103 Va
104
*103
104
104
33%
17%
38%
38 Va
38%
*38%
-
14%
18%
18%
*18%
■79%
18 Va
38%
A
191/4
/
>39
20
100
1
18%.
18%
108% Jun
19
81
Jan
100
140
Sep
27
120
Jan
136
Jun
36
Jun
24
31
Jan
40
July
32
7
8
July 21
110% Aug
106%
4
Jan
52
Mar
60
Jan
99
18
Jan
24% July
84% July j.4
58%
Jan
71% July
22
15
Jan
20
Jan
22% Aug
14
3
8
July 38
6% July
9 Va
4%
11% July 10
Mfg. Co
Sep
25
124
19% Apr
27
24
Oct
Apr
Jan
17%
Jan
24% July
30 Va
Jan
42% July
16%
Jan
33% July 17
July 14
44% Jan
74
July 20
46
Jan
87%
Dec
Jan
70%
Sep
21%
Jan
31%
Sep
7%
Jan
17% July
6
36% July 17
9Vt Apr
25
3
20% July 14
13
Jan
3
18% Aug 30
17%
17%
17%
17%
17%
4.100
*
Apr
15% July 20
14% Jan
Youngstown Steel Door
60
108
78 %
6
103%
Jun
58 Va
Jan
*1031/4
Oct
Jun
57%
Mar 14
96
103V4
25%
54
70% Aug 24
33% Apr 24
5.100
1031/4
Dec
121
5
27% Mar
,23 /
1
Sep
86%
11%
6
July
73
9 Va
Jan
Jan
115
July 31
43% Sep
36% Jan
3
20% Jan
4
47% Jan '5
49
Jan ' 5
69 % Jun
8
58
Apr 26
Jan
Jun
9
57%
July 10
14% July 14
Young Spring & Wire
No par
Youngstown Sheet & Tube—No par
5%% preferred series A
100
i
Oct
Jan
96
■
Oct
Apr
Jan
5
No par
27
2 Ve
4
-
86
Jan
2%
3
123
Jun
7%
Jan
40
Oct
5
9% Apr
Jan
100
Apr
1
20 Va July .5
10% Jan
pfd
Jun
85
27
Feb
112%
July 17
77
80 % Jan
pfd 4%% series
Corp_
Jan
29% May
104% Aug 25
.32% July 10
2.100
|
39
22% Nov
July
106% July 13
York
1031/4
•7
24% May
6.800
141/4
38%
Jan
—10
Pow Co 67*
Yale & Towne
500
15%
No par
100
Prior pfd 4 %% Conv series—-100
Wright Aeronautical
No par
Wrlgley (Wm) Jr (Del)
No par
600
70%
79%
34
14 Ve
14
14
*691/2
28% July 30
6
Worthington P & M (Del)
79
69%
Oct
Dec
24
Apr
49%
24%
4% Jan
No par
Co„
Sep
Oct
13
—1
1.800
72
69
Apr
Oct
Nov
4
—5
Motors
69%
79
11%
16%
110
37 Va
X20%
31
*70:
Jan
Oct
Jun
22
Jan
24
69%
70%
5%
3
87%
119
53% July 10
87
Aug 29
30% Aug 29
par
30%
69
Apr
Jan
70%
81 Va
6Va
2%
31%
70%
Jan
5
13%
31
*68'A
2%
6% July
16% July
5
—10
*80
Dec
9% July
—10-
70%
31%
5
Jan 26
x64% Jan 24
Woodward Iron Co
81%
Jan
7
Woolworth (F W) Co
67%
Jan
19
11% Jan
13
29% July
4,700
67
103
35 % Jun
7
42%
*69 %
July 10
11
28
108% Sep
7
Co
preferred
Prior
Jan
Feb
42 Va
600
Jan
109
Feb
1
Oct
57
18
118% Sep
18-
43%
*69%
Aug
99
20
20
Wisconsin El
60
Dec
85
Jan
66 % Jan
No
Wilson-Jones
500
20 %
Jan
7
28
21
22
Jan
3
20 %
*20%
8%
19
y
Sep
Dec
July
67 Va
59% Feb
No par
20
July
15% July
32% Apr
50'/a
95 Va Aug 17
107% Sep 14
97% Aug
1
97% Jan
-
-100
56
31% July 10
105 Va Jan 12
101% May 26
42%
*
*79
-
$6
Jan
20
25% Jan
1
Wilson & Co Inc
9.200
lOVs
93 Va
*92%
121/4
42%
123
20%
67
*
*11%
11%
—
42%
*30%
10 V*
93 :v
'
123
*123
42%
10%
93
93
Oil
32
-
5
Apr
25% May 31
4
1
Apr 25
Jan
7
Jan
3
Feb 10
Feb
127% Mar
1100
*
Willys-Overland
18.200
83
Jan
7%
No par20% Feb
-
preferred—
Wilcox
500
'
8 Va July
26% July
79% Nov
41
No par
preferred
conv
Prior
Jan
Jan
21
White Sewing Mach Corp
$4
Jan
69
22 Va Jan
No par
preferred
White Dental Mfg (The S S)
28%.
7%
10%
*20
86
*27
16%
10
12
*841%
28%
preferred
White Motor Co
A
86
*83%
.'*27
16%
16%
*
•
50
*7%
7%
,7 !A
16
*83%
'
28%
*27 %
8%
8%
*8%
8%
8%
*83 Vs
25
2%
17%
10% July
25% Jun
16% Jan
Feb
No Par
$5 conv prior pref
77%
*19%
5
19
103
26%
3%
7%
V
12.50
Wheeling. Steel Corp
1,100
28%
28%
28%
50
103
26
x91
Instrument
Wheeling & Lake Erie Ry
5%% conv preferred
30
1
a
*102%
Elec
$4.50
160
66
66
66V4
103
"
50
—50
Westvaco Chlorine Prod
1.300
31%
;
-
No par
preferred
partic
20%
Jan
6
96 % Feb 16
85% Jan
3
113% Apr
1>
No par
—
Westingbouse Air Brake
> 60
23'/a
Jan
17%
Jan
26
Aug 23
19% July 6
30% July 11
3
Wastlnghouse El & Mfg
2.400
.
Jan
12%
83
par
preferred
>
Auto Supply Co_:
Class B
14.400
103%
103
*140
105V4
102%:
102%
103%
*102%
103%
*65
68
*65
68
*66
*102%
28
27%
28%
*107%
108
105V4, 1051/4
106
*105
104%
104%
*321/4
31%
31%
107 Va
31%
107%
*107
27%
28
27%
28
1.100
Deo
15 y8
Jan
Corp——J1
Sugar
Western
2.900
4Va
4
4%
4
22
25
6
9
No par
-100
—10
Western Maryland Ry
—100
4% non-cum 2nd preferred—-100
Western Union Teleg class A_No par
6%
140
33% Jun 27
77
Jan
18% Feb
West Va Pulp & Pap Co
1.100
1
Feb 14
23
preferred
——
-100
6% preferred
-100
West Penn Power-4%% pfd——100
200
i
Indies
2% Mar
July 10
Apr 25
15% Apr 25
7%
300
v
34
23%
West
Jan
May 18
15
6% Jan
3
22 % Jan 26
West Penn Electric class A—No
50
107
34
103
27%
;
241%
24
107
*136
27%
102%
110
117% U7Va
140
26%
102%
*136
5.500
93%
24
33%
■'
93%
'
%
l3~ May
62
No par
preferred—,—
$4 conv
300
i
106%
*106
107
107
4
106%
*106
> 118
33%
4
11%
*11'A
44%
26%
26%
81%
24%
•f
2'/a Aug 21
Jan
Apr 24
No par
No par
Wesson Oil & Snowdrift
1.200
23%
Eisenlohr
Webster
21.500
10
23%
26%
11'A
44 Va
44 Va
*793A
25
93
9%
u
45
11%
*11
Wayne Pump Co
80 Va
107
33%
:•?
300
24%
23%
24
107
4
400
X jper share
4%
Jan 27
5
par
Highest
X per
11% Mar 31
1
19
29%
80
9%
No par
29%
*18%
r
45
11%
22%
22%
-5
Pictures
Washington Gas Lt Co——No
Waukesha Motor Co
24
118
118
33
4
'
Fdy & Pipe
'": v 9%
93%
33
33%
*3%
Warren
300
9%
93
23%
300
25
81%
93%
107
30%
*24'/a
241/4
106%
,
*29%
24%
18%
93%
108'A
*107
108%
33
241/4
24'A
v
24
24
*107
30
29'A
*106
'118
118
Bros
18%
106%
,
Warner
29%
106%
106%
106
.
50
Lb^rest
X per share
8
Jan 27
1% Feb
9
No par
—
11.100
93
.
B
preferred
12%
24%
93
80
80
,
$7
24%
'
81%
,24%
Class
300
8%
24%
*92'A
200
*80V4
8%
8%
,
100
1%
Year 1943
Highest
,
X per share
No par
Ward Baking Co cl A
9%
54Vt
-
12%
18%
*29V4
Par
*52%
29%
18%
19
29%
*24
24
24%
241/4
54
*52
9
*i%
12%
29%
8%
24
24
24
12%
*18%
19
29%
1%
12%
*24
25
*29%
9%
*1%
53Va
30
30%
*18'/a
*9%
1%
1%
53
12%
12%
*24 Va
9
9
1%
<«
Lowest
EXCHANGE
Shares
X pet share
X per share
share
Range for Previous
Range since January 1
STOCK
NEW YORK
the Week
Sept. 29
53
*521/4
12%
12%
12
X per
9%
*1%
.1%
53
*52%
53
*9
9%
*9
9%
*9
*51%
Sept. 27
Sales for
Friday
Thursday
Sept. 28
Wednesday
X per share
share
STOCKS
SALE PRICES
Sept. 26
Sept. 25
Sept. 23
AND HIGH
Tuesday
Monday
Saturday
141
No par
42% July
104% July
30
Jan
41V* July
7 \^82
Jan
98
Nov
■^QJ/b
Jan
16%
Jun
19%
Jan
37% July
4% May
5
/
rH
■wf
i
42%
42%
42%
42%
42%
5%
5%
5%
5%
♦Bid
and asked prices;
no
sales on this day.
41%
41%
41%
5%
5%
R3/„
5%
5%
6
Transactions at the
42
42
42%
5%
fin receivership,
a Deferred delivery,
.No par
1.000
5%
n New Stock.
rCash sale,
Number of
311,910
792,590
601.952
484,020
636,710
7.46,550
$2,413,000
Wednesday
5,590,100
5,097,000
3,856,000
6,065,900
7,488,000
$30,510,000
$1,627,000
-
Thursday
Friday
i
•
—
Total
>
Bonds
189,000
318,000
171,000
281,000
456,000
——
-
Bond
Bonds
$212,000
Monday-
Tuesday—'1—
•
>/■>/>:;
.
Week Ended Sept. 29,
$2,651,000
6,000
5,785,100
9,000
5,424,000
7,000
4,034,000
26,000
Jan. 1 to
Friday
659,000
241,620
367,000
$2,646,000
$56,000
.
v-V -'r-.
/
-v•
1944
of
shares
1,198,350
-
3,155,394
195,759,237
$4,842,400
1
2,189,000
f
Foreign government—:
30,510,000
40,721,400
82,481,500
1,973,442,500
$2,576,675
93,337,600
2,545,826,800
-
Foreign corporate
$42,933,700 $2,060,766,400 $2,641,741,075
;
12,000
Total
$174,000
541,000
499,000
478,000
6,000
11,000
676,000
36,000
9,000
412,000
$78,000
$2,780,000
"
1943
907,845
Jan. 1 to
1944
51,406,837
Sept. 29
1943
58,272,727
227,604,956
$23,300
$3,000
19,000
Week Ended Sept. 29
.--
Value)
Foreign
Corporate
24,000
1943
$80,000
Bonds
industrial
Total
258,870
.
Total
Bonds
Foreign
At
11,000
—
__
Stocks—No.
Government
Railroad
1,000
469,000
454,000
1,198,350
X.
Thursday
3,573,732
shares
<
8.
528,000
169,530
———-—~
Sept. 29
1944
1943
$2,000
$169,000
;•'* 206,665
1
—
!
Wednesday
$32,217,000'
123,690
Do roeitio
197,975
Monday
7,950,000'.
$80,000
Shares)
—
Tuesday
6,372,900!
6,000
Bonds (Par
Foreign
Government
1944
Saturday
1,627,000
Stocks—No. of
/'■
O.
'-..IN
Exchange
of
.
:
y Ex-rights.
x-Ex-dividends.
(Number
Sales
$26,000
Week Ended Sept. 29
1944
Jan
Stocks
Total
Government
Foreign
Bonds
Saturday
2
Daily, Weekly and Yearly
Shares
1944
6% July
Transactions at the New York Curb
United States
3,573,732
Week Ended Sept. 29,
44% July
19
wdWhen distributed.
s Special sales.
Daily, Weekly and Yearly
Railroad
and Miscel.
3
3% Jan
Zonite Products Corp.
New York Stock Exchange
Stocks,
33% Jan
1
Zenith Radio Corp
2.500
42
-
$32,217,000
—,
i
Total
;
.
Stock and Bond Averages
Below
listed
the daily closing averages of representative
are
Stocks
j
^
/,
and bonds
I'. t
,
' •' '
.
"
—Bonds—
10
'
30
20
10
First
Indus-
Grade
Grade
Utili.
trials
Ralls
Rail*
ties
106.85
roads
ties
Stocks
24.85
52.03
Utili¬
10 lb
10
65
Rail-
trial*
,i
Lb
Total
Indus¬
•
-
stocks
the New York Stock Exchange as compiled by Dow, Jozies & Co.:
on
Second.
10
Total
40
Bonds
101.41
September
23—
145.78
39.90
109.28
79.73
109.78
September
25—
146.77
40.40
24.91
52.43
106.89
109.25
80.11
109.70
101.49
September
26
146.52
40.34
24.88
52.35
106.85
109.17
80.07
109.67
101.44
September
27
146.28
40.42
24.92
52.32
106.84
109.15
80.20
109.70
September
28
146.11
40.32
24.79
52.22
106.84
1146.31
40.72
24.80
52.40
106.94
September
29
.
199.15
-
109.30
80.43
80.84
101.47
109.68
101.52
109.65
101.68
$2,646,000
56,000
78,000
$4,191,000 $134,012,500 $167,002,000
78,000
7,785,000
10,689,000
$2,780,000
Domestic
$4,292,000 $142,877,500 $178,783,000
23,000
1,080,000
1,092,000
I
THE COMMERCIAL &
1420
Monday, October 2, 1944
FINANCIAL CHRONICLE
v,
Record
New York Stock
c«»
FRIDAY
outside of
and when
the week,
WEEKLY
-
YEARLY
-
the
The italic letters in the column
WEEK
FOR
RANGE
*
disregarded in the week's range, unless they are the only transaetlons of.
account is taken of such sales in computing the range for the year.
defaulted bonds. Cash and deferred delirery sales are
regular weekly range ajr%hown in a footnote in the week in which they occur. No
headed "Interest Period" lnM^ate in each case the month when the bonds mature.
^
Income and
Interest"—except for
"and
are
NOTICE—Prices
! Vf
f
SEPTEMBER 29
ENDING
,
_r<
Last
Interest
Exchange
Stock
S.
4s
Treasury
3%s
Treasury
Treasury
3s
Treasury
3s
Treasury
2%s
2%s
2%s—„
2%s
2%s
Treasury
Treasury
Treasury
Treasury
2%s
Treasury 2%s
Treasury 2%s__.
Treasury 2'/2s
Treasury 2Vis—
Treasury 2Vis
Treasury 2Vis
Treasury ,2Vis
Treasury 2Vis
Treasury 2Vis
Treasury 2 Vis
Treasury 2 Vis
Treasury .2Vis
Treasury 2Vis
Treasury 2Vis
Treasury 2Vis
Treasury
Treasury
Treasury 2s
2s
2s
Treasury
2s
2s
Treasury
Treasury
Treasury 2s
2s
Treasury
Treasury 2s
Treasury
2s
Treasury
—
2s
Treasury
2s
series
109.31
109.28
*104.2
__
104.4
110.9
mi.14
1H.16
111.16
102.8
102.11
M-S
106.3
J-D
<■108.19
MS
*110.28
110.30
111.9
111.15
*110.29
110.31
111.10
Series
Series
No.
J-D
111.8
111.7
112.0
J-D
*102.16
102.18
102.28
103.9
M-S
*106.2
106.4
106.16
106.4
3%s
106.30
*103.31
M-S
107.7
103.29
>103.24
103.26
103.17
A 6s
*100.17
100.19
100.11
*100.6
100.8
100
100.16
;oo.
100.6
100.6
100
100
100.6
100.6
100
100.12.
100
1
'3$
M-S
.100.16 .100.16
100.16
100.9
T__
*105.28
105.30
106.9
*102.6
102.7
102.8
*102.1
102.3
10L31
*104.10
104.12
104.8
101.26
101.27
*101.23
*101.22
101.24
__
101.20
101.10
101.10
100.25
100.25
100.9
104.26
*101.10
J-D
100.18
*104.24
J-D
100.24
100.17
101.12 "
1980
*100.22
J-D
J-D
1984
f $ bonds
s
M-N
A-O
1900
A-O
I960
A-O
AExternal
A 6s
-
sinking fund 6s
A Extl
sinking
:
fund
Feb 1901
AExternal
A 6s
1961
&
AGtd
AG Id
sink
1-1693
AAntioqula (Dept) coll 7s A
A External s„f 7s series B
A External s f 7s series C
External
s
External
s
f 7s
AExternal sec s
AExternal sec s
1st
of
j-j
31%
31
31%
17
17
34
j-j
31%
31%
31%
9
17
33%
31%
*60
J-D
(Republic of)
loan
external
33%
§A2d series sink fund
Customs Admin 5%s
5'/2s
30
29
30
8
16%
30%
6
16%
30%
AEstonla
8
56%
90
:"-'i
101%
Greek
91
17
92
99%
A 7s
84%
85
52
82%
93
A6s
A-O
84
83%
84%
'35
82%
93
100% 100%
18
j-j
100%
>.
M-S
M-N
99%
97
j-d
1941
j-d
61%
"
100%
102
J*
112%
152
*76
80
59%
76
A-O
59 Ve
75
J-J
87
69
89%
86 Va
87%
71%
89%
84
84 %
67%
Stamped
*100%
92
A-O
*100'/8
86 Va
100'/a
85
100%
84
100%
A-O
.!y/*f>69
A-O
(Republic of)
r_c_1967
1949
1949
7s
HOOVa
100
—
100%
"lOO'/a
J-J
_
30
44
44
Series
:'105
105%
100
Government—
part
part
-1964
paid
paid
(Republic)
-1952
f 5s
.J.SS0
16
19%
95 Va
75%
98 %
100 Ve 100'/a
M-N
1954-
3%s
Series
95Va
100'/a
A-O
J-D
*
33
J-D
12Va
59%
;
11 Va
33
16%
33
94%
88
98%
10%
11%
Irrlgatlon...1943
M-N
*10%
10%
agree
10'/a
Q-J
*i7ya
10%
*i9y4
-1945
■
Q-J
59 Vs
59
47%
12
<
r -
'
•
63%
'S
A Assented
to
5,
Nov.
1!
_«•
9%
23
-1978
A-O
59
59%
59%
21
63%
47%
1945
j-d
..1933
61
61
61%
19
49%
64%
61
J-D
17
'
17%
A
Assented
to
Nov.
5,
1942,
14%
16%
13
10%
11%
*9%
J-J
17%
*10'/4
J-D
10
9'A
10%
14%
16%
13
14%
18%
18%
16'%
19
*14'/a
14
J-J
agree
'
*17'/a
19
19
2
14
—
'
19
10
I,
A-O
For Financial Institutions
55%
55%
12
55
61%
56
55 V*
56
12
55 Yb
61%
56
2
No. *3——---—
3%s
Series
3%s
Series* No.
4
3%s
Series
No.
55
56
11
55
3%s
Series
No.
5———
6——
——
3%s
Series
No.
7——4—
3%s-Series
No,
8—
*•55%.
—
61%
*52
-in S3 da
57%
9—
Series No,
Series
No.
10—————
Series
No.
3%s
Series
No.
SECURITIES
62
-
.
FIRM TRADING MARKETS
57%
*54ViM^„a aoi*
3%s
FOREIGN
58%
61
.-a
*55%
54%
60
<*54%M_-.-'v
3%s
3%s
55%
58%
58%
\58%
"
Sereis
No.
3%s
Series
No.
11
———
12——-—_1
13
14_——
—-
3%s
Series
No.
15
3%s
Series
No.
16—,
3%s
Series
No.
l7r——;—-—
—L—.—~
Series
No.
18—;
Series
No.
Series
No,
19——
20—.
footnotes "see
61V2
55 ]/4
58%
—
:
3%s
page
——
—.
—,•
—
1424.
10%
'
*137/a
agree
-1954
agree
1
3%s
19
16 %
32
*91%
1931
3%S
21%
17%
95
A^O
s
16%
21'/a
17%
f 6s series
Irish Free State extl
Mexican
*19
1968
s
A-O
to 3.375% )___-1979
1944 (Plan B)—
No.
No.
44
IOIV'2
100
J-D
pursuant to Plan A
(Int reduced
84%
92
A-O
M-S
pursuant to Plan A
3%s
For
M-S
84
agree
1952
Ry)
funding bonds of
3%s
A-O
1969
1
External $ bonds of
1
F-A
1940
5%s
AAssenting 4s of 1904
1957
(Int reduced to 3.5%)
5%'
Stamped
85%
'
Stamped pursuant to Plan A
(Int reduced to 3.375%1979
(Central
*77
1942
A-O
(Int reduced to 3.375%-)—-1979
A7s
106%
•
A-O
Stamped pursuant to Plan A
f 6%s of 1927
33%
104%
A-O
"
-1943
•
.
A_1951
65%
J-D
^
103
108 Va
106%
50
>v MOGVa
:
78
103%
104V2
..1954
101
7.7; 10
';
100%
—1957
3
*106
,139%
98
15
21
__
102%
61%
61
81%
571/2
148
101
104'/a 106%
.
59%
7
',
148
92
100%
31%
-102% 104
101
88
19
■
*100%
j-j
—-1955
.1955
97
*100% 102
Haiti
41 Va
14
77%
31
*108
92
45 1
99%
96%
99%
!
M-S
98%
7
41%
36 "
J-D
2d series—1961
series
Republic 7s stamped
unstamped
89
42
34
-
80 Vi
771/4,
V
—.
-7
1940
French
100% 100%
'
-
34
'
1952
ser
5%s 2d series
89
'
7
so'A
80%
•
69%
51%
'
J-J
1926
30
84 %
M-N
46
■
49
J-D
Rep Cust Ad 5y2s
§ A 1st series 5y2s of
F-A
*481/4
69%
571/4
;;
70
17%
39%
1
!• v7.
48%'
*68
'57%
2
16%
28%
1955
35
90
.
14%
16
1962
16%
i
VC .'."'7..
68
68%"'
48 V4
t.
N'
'
•
'/r-.
68%
18
16 'A
'■
7.'V 5;
32
68%
48%
—-
.
18%
18%
15%
194S
(Rep of) 8s
17
28%,
15%
*24%
,
J-D
1953
gold 5V2s
gold 4'/2s
1st
'''
17
15%
■
*68
M-N
15%
171/4
—1977
17
;
3
16%
F-A
20-year extl 6s
iADominican
7s
(Int reduced to 3.5%
1978
AExternal s f 6Vis of 1928—.—1951
s
External
2
16%
18%
18%
18
i_'1945
18
M-N
(U S of) external 8s
Stamped pursuant to Plan A
IA Denmark
16%
:>
16
17 V»
"3
,*16 'A
-M
18%
17
1
;
18%
16
3
16%
';7:
'
M-S
debt
5%s
42-
M-N
IABrazil
60%
'
(National Government)-—
4'/2s
1948
loan 4%s
1971
S f extl eonv loan 4s Feb
1972
S f extl conv loan 4s Apr
1972
Australia (Commonw'lth) 5s of '25-1955
Exiernal 5s of 1927
1957
External g 4 Vis of 1928
:
1956
Belgium external 6 Vis
1949
AExternal
wks
>;•;;
16%
17%
—1949
33
89
17%
17%
19
17'
■.
17
19'A
16%
:'T8
16%
—1949
5s of 1914
4'/2s
17% ; 19
16 V8
19%
3
17%-
F-A
1951
7s
3
■
,
16%
•
.
;
16 %
"
.
17%
17%
M-N
-1952
5s
of)
(Ren
*>■
i7%,:i7'/2,
*
A-O
1953
(City)
17%
,
r-
.1940
30
89
17%
i
17%
A-O
33
j-d
19
M-S
1947
External
23%
20
16Va
M-S
Mtge Bank 6%s
31%
A-O
19 Va
171/2
J-J
31
.
16'/a
3
17%
A-O
28%
-
22
18%
:
A-O
1961
31%
.
18%
y
—
M-N
1947
20
18 V4
M-N
1901
20
'19 >/4
.18%
A-O
1970
Rica
16%
"
.
i"
16%
1931
Oct
bonds
A-O
ccnv
f 7s
171/a
17%
—Jan
;
f $
30
f
f 6s
47
16%
^
s
33
j-j
f external
s
18
J-D
I960
7s
A-O
j-j
series
S
s
17%
J-D
1962
1928—
'
S
External
60
*66%
Argentine
External
17%
J-D
1962
1927
■
(City) external 5s—_—1958
AAntwerp
-
50%
A-O
M-a
f 7s series D
A
19%
M-N
—1961
ASinking fund 8s series B
53
3
60
60
F-A
1945
1945
1957
f 7s 2d series—1957
f 7s 3rd series__1957
A
16%
M-N
i960
of
4%s
1945
1945
4s
15
J-D
.—1961
(Hukuang Ry) 5s
(Republic of)—
External
1947
1948
1968
fund 6s
17%
1961
assented
external
Cuba
(Colombia)—
(King of Norway)
Akershus
17%
1901
sink fund 6s
ACzcchoslovakia
sink fund 6s
19%
17%
_1957
25-year gold 4%s
Municipal
Agricultural Mtge Bank
18 Va
1957
assented
APublic'
Govt.
3
A-O
Sinking fund 5V2s
Foreign
19
18%
A-O
6%s
19%
18%
y-s
1963
45
18
-
16%
1963
Munlc
•
.
5
i OB
>-* 1
1902
A6V2S assented
Cons
23
18
•
MS
—1962
assented
AGuaranteed
18
7.W/1'
16%
Sep 1901
sinking fund 6s
Sinking fund
45'
>•,.
17'/4
'r >
"
•
J-J
J
•.
45
J-J
sinking fund 6s
A6s Assented—.
-
*17
F-A
1901
Sep, 1901
assented—
•
F-A
1901
Jan
sinking fund 6s
'
:
;
*1021/4 1021%
'r;
——
45
Jan
s f 6s
assented
A0s
1021/4 102%
Feb
6s
assented
ARy external
;
t 7s
s
assented
A Costa
NY
303%
M-N
Ms assented
A Colombia
New York
103%
101%
—1942
External
Copenhagen
Broadway,
106%
101 Va
105 Va 105%
J-J
ASlnking fund 7s of 1926
ASinking fund 7s of 1927
120
104'A
105 Va
8b
105%
J-J
M-N
'
>
4
16
110%
M-It
(Rep)
A 6s
Teletype
108%
1942
AChile
3s
v
62%
25
104%
AChinese
York Stock Exchange
88V4
50
8
1031/4 103'/4 '
A 6s
2-2300
1091/4
■.•'•,
J-J
(City)
Colombia
REctor
61 i/e
,7
—.
1954
A7s
Members New
61
109
J-J
;
A Chilean
WERTHEIM & Co.
87'%
861/4
103'/8
A6s assented
Foreign Securities
73%
101%
A 6s
!■
831/2
2
a
AGuaranteed sink, fund 6s
Telephone
78
78
••
>
35
,
J-J
30-yr 4s
A6%S assented
Corporate Stock——
3%
73%
1958
A
114
.
15
100.28
108%
38
15
'
''.t
Jan
.IOT5/ loTl6
ell2Vi 113
86%
72V4
103 Va
Transit Unification Issue—
112%
79%
7.
30
1
102 Va
100.19
City
79
"72
57
;
;
8
,
100.28
79%
103% 103%
AExternal
100.24
79 '
76%
*102i/a 102%
A 6s
*100.22
J-D
J-D
95
,90
76%
'
J-J
A Extl
100,28
100.16 100.19
98%
101 Va
J-J
101.10
100.21
,100.5
95%
1953
101.20
101.6
101.20
92
1
15
iirta
M-S
1
*92
iv
A-O
.—1973
—
A Carlsbad
ioTs~ 10T19
M-S
M-S
98%
101% 101%;
15
101.25
J-D
97%
93i/2
98%
101%
99%
.
3s
101.26
*101.25
M-S
92
11
Jan
104.8
J-J
76%
55
58 V4
56
Jan
2%s
loTSl
J-D
76%'
F-A
—•
3s
100.20
M-S
M-a
1970
1970
s
3%s
3s
3s
30-year
30-year
104.5
*104.3
J-D
M-3
1977
f 4V8-4%s
(Dom of)
25-year
107.11
100.2
100.19
*100.17
M-S
106.18
106.16
*106.14
J-D
60
•
1900
1961
1967
1968
1948
Canada
102.8
J-J
1951
59V'2
55
1
v..
•
97
97%-
F-A
J-D
,581/2
59%
55
*54%
M-a
"55%
.j
55%
:v55
—1957
-1958
1950
f 5s
s
*54i/2
•'«
'
—
——.
..
107.3
1
s
external
3%
100.18
J-D
30
External s f 4y2-4%s
100.14
.
J-D
55%
"54% V 58%
59 y2
59%
__
•
100.11
100.10
J-D
*54i/2
'
-
55
f 4tyii-4%8
External readj 4%-4%s—;
100.12
M-S
55V'4
551/4
55'A
(Province of)—
Refunding
100.17
J-D
*541%
.
7
,
stamped
External
103.22
J-D
•
CO
55%
'
29
No.
(City)
Buenos Aires
104
M-S
W-
54%
54 %
*55 V<
,
—
Sinking fund gold 5s
Sinking fund gold 6s
107.7
104.1
*106.28
;
28
No.
Series
Brisbane
106.31
M-S
Series
3%s
106.24
106.14
106.14
J-D
,
55%
54%
7
*54%
No, 27—
3%s
•>,
55%
"1
55
'
111.13
*111.6
1945-1947
York
3%s
January 1
Low
High
54%
55
'.
|
26
AChile Mortgage Bank 6%s
M
New
25
No.
109.12
1U9.3
108.21
J-D
.
No.
Series
Range Since
Sold
No.
60
54%
7.
— -
■''
—
r
Series
106.24
106.3
106.3
—;
24
3%s
103.11
1
110.9
110.9
No.
Series
Bonds
High
*54%
22—
No, 23—
3%s
112.13
<■120.6
M-S
•
3%s
Friday's
—
21—
No.
Series
3%s, Series
111.11
M-S
(Continued)
No.
Series
3%s
104.8.' 104.20
or
Low
bonds
$
3%s
110.19
*109.29
__
Loan Corp—
Home Owners'
lVis
105.18
M-S
———
Treasury ,l%s
•*'
J-D
1967-1972
1951-1953
1952-1955
1954-1956
'—-1956-1959
-1947
Mar 1948-1950
Dec 1948-1950
Jun 1949-1951
Sep 1949-1951
Dec 1949-1951
March 1950-1952
Sept 1950-1952
1951-1953
a
—1951-1955
1952-1954
i—-1953-1953
—June 15 1948
Treasury 2s
104.8
J-D
1945
1948
1949-1953
.1950-1952
__1952-1954
1956-1958
-1962-1967
.1963-1968
:_June 19G4-1969
__Dec. 1964-1969
—1965-1970
2 Vis
104.8
106.9
104.8
'
Week's Range
Last
Sale Price Bid & Asked
(Continued)
External
102.29
105.9
104.23
Brazil
111.23
101.15
;
100.28
n04.21
J-D
—
2 Vis
*100.26
M-S
1951-1955
1955-1960
1945-1947
1948-1951
1951-1954
1956-1959
1958-1963
1960-1963
Treasury
Treasury
J-D
1946-1949
1949-1952
1946-1948
Treasury 3V'aS
Treasury 3 Vis
110.29
no.16
*110.14
A-O
1947-1933
1944-1954
_1946-1958
Treasury 4 Vis
High
Low
NO.
High
Loto
Government
Period
January 1
Sold
Asked
Interest
Exchange
Stock
New York
Range Since
Bonds
Friday's
Sale Price Bid &
Period
U.
or
Friday
BONDS
Week's Range
Friday
BONDS
New York
.
*54y2M'=.
54%
-
\:'i'
54%
*54Vi .60
54
.
59 y2
57
.
J
flARL MARKS & HO- INC. v
V
60
FOREIGN SECURITIES SPECIALISTS
*54 Vi
59Va
*54 y2
55 Va
54%
58%
55
55
56Va
55
*54%
60
*545/i
*54 y2
54%
*54%
55
56 y4
56%
54%
59%
v
54%
\
50 Broad St., New York 4. N. Y.
57%
55
'
60
60
Telephone HAnover 2-0050
Teletype N. Y. 1-971
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4321
160
Volume
1421
NEW YORK BOND RECORD
RANGE
I
'
WEEK
FOR
SEPTEMBER 29
ENDING
y1
'."U.
BONDS
Inte
Stock Exchange
New York
Friday .'Week's Range
Last
or Friday's
i
(State)
Geraes
Range Since
Sold
Biah
Low
Mlnas
Bonds.
Sale Price Bid & Asked
Perio
noa
January 1
High
Low
No.
—
1958
cSec
external
s
1 6 Vis
ASec
external
s
f 6 Vis,
,,1959
M-S
M-S
,
*39%
„
42%
32
41
R ailroad
42%
32
'
4
40
40
■
Reorganization Securities
'
(City)
AMontevldeo
Wales
South
New
1959
A
series
Aitts
s'f
External
External
4s
(Kept
APanatnu
cxu
1
a
3'As
ext to__
ref 3Vis series B
mod
Ext sec
(Rep of)
Aperu
19%
19%
A-O
21
gold 6s.._____,1940
(Rep ol)
1958
___1947
A-O
A4%s assented
4Vi
a
loan s f 7s
(City of)
8s
*
j-j
External loan 7 Vis
23
43
r.
2
42 %
2
■
7
103
103
5
50
A 6s
J-D
—,1967
fund 4s
1964
J-D
loan
Fe external sink
38%
38%
47
*34
*46%
J-J
reduced
A 8s
series
extl 7s__
assented
A4 VaS
Uruguay (Republic) extl 8s
A External sink fund 6s
External
External
•
62
,
62 Vi
"«'
,tI.
\5i.
•„
,';L, ; >60 7
A-0
''
'-14'A
M-N
,,
.
J-D
v
'i
15
J-D
F-A
15
11%
4'
3
M-N
1979
M-N
*
J-D
*63
72%
F-A/
*70
76%
j-j
*67%
,1953
1953
Adams Express coll tr gold 4s__.—1948
Coll (trust 4s of 1907
.
1947
10-year deb 4'As stamped
1946
Great
Southern
3'As—,1967
mtge 3Vis„__1972
Alabama Power 1st
,74 3A
72
79
; v
_-7
;.
-77:
*16'A
22
♦15%
J-D
M-S
*103V%—
J-D
*103'A
F-A
"
'
^
_;
•
■:
—
763i
' 78%
60
60; •,"»
G Cliem
J-J
79
62
3%s
22%
20%
gtd 5s A
cons
gold 4%s
gold
1954
1998
1951
—2030
deb 5s
F-A
(Nov
1949
5Vis
conv
A-0
-
'
A-0
94%
95
M-N
..
1C0'A
AAnglo-Chilean Nitrate deb—.
1967
Ann Arbor 1st gold 4s—.
1995
Ark & Memphis Ry Bdge & Term 5s 1964
income
V
(Del)—
Co
&
21
28
\89%
99
69
'85%
85%" 9,3
r-'";
107%
.
33
101'%
104%
3
107%
109%
53
106% 107%,
95%
108%
116%
118%
J-J
116'A 116%'
1
1969
J-J
116'/a 116%
5
116
118'A
1970
J-D
116% 11'6%
9
116
118 •'
1955
Oct
J-J
117'% 117'%
1
116%
119;
115% 115%
40
115%
117'%
111%
114'%
~8
108%
111%
94
25
84'%
14
100%
4%s
,,1956
A-0
4%s
,1951
,F-A
*112Vi 112%
J-D
108% 108%
Northern Ry deb 6'/2s___l946
Pac Ry
Collateral
Carolina
trust
Clinch
4%s
&
Carriers & Gen
Adir
F-A
93%
93%
i960
1st
Ohio
4s
M-S
103% 104
1949
gtd 4s
J-J
110'% 110'%
1965
Corp 5s w
1st
|
deb stk perpetual
4%
115%
M-S
1950
w
gtd gold 4s
M-N
,,,1931
,,,1962
J-J
,7,-1955
1
J-J
109
110%
104%
107'A
52
69
64%
3
105%
6
103%
106
2
101%
104'
64%
64%
114%
1
109'% 109'%
105'% 105%
F-A
97
105%
93
1
-
A-O
,
Jan
8
69
■'I '■]
Q-J
M-S
";
a-0
■
——1995 ;
AO
•'■."
.
Adjustment gold 4s
1995
Stamped 4s
—1995
Conv gold 4s of 1909————1955
Nov
—-——1955
Conv gold 4s of 1910——
—1960
Trans-Con Short L 1st 4s—,—,1958
Atl Knox & Nor 1st gold 5s
1946
Atlanta
& Charlotte
Air Line Ry—
•
i
4s of
1905,,
-7
mortgage 3%s
1st cons 4s_—July
1963
1952
General unified 4 Vis A——--1964
L & N coll gold 4s
-Oct 1952
Atlantic Coast
Called
(Nov
4s_,—-1948
——1948
Refining deb 3s,
1953
mortgage
,y77,'..'
4s
.
7^,
V7,,'V
.
112%
106% 106%
M-S,
102% 103
102%
j-d
86%
M-N
86%
84%
105%
105% 105%
lOS'/s 105 tV
j-7
16%
1959
A-0
5Vis series B
110
ARef & gen 5s series C
102'%
AChatt Div pur money
J-D
101%
AMobile Div
J-J
101
102%
*ACent
106%
Illinois
Central
101
gold 4s_,1951
gold 5s
1946
1st
81%
5s
95
4s
105'/a
100%
N
Central
93'A
36
83%
31
32'/2
93
30
39%
177
28
37%
.,__+_1962
ref
gtd gold 4s_1949
Through Short L 1st gtd 4s
1954
31
J-J
gold
5s
i960
A-0
*107% 109'/a
F-A
Ohio
5Vis A
_194H
:
Chesapeake & Ohio Ry—
General
gold 4Vis
95
impt M 3Vis series E
Va; 104
Potts Creek Br 1st 4s
,,
112% 115%
125
R &
A
2d
Div
1st
consol
M-S
139%
139
M-N
106
F-A
105%-
.,1946
J-J
J-J
*126
J-J
*122% 126
t ACLlcago & Alton RR ref 3e
,1949
A-0
106'A: 115
.106% 113
109%
109%
111%
111%
,7+7/"^ 106.% ill
■•■'777'
110%
113
1
104%
90%
107%
104
76'7 69
89%
63
"89% 105%.
7
105%
43
9
37
34%.
4
33%
103
*103% 104%
105 »f
48%
39%
105%
1946)
gen
to Dec 1
Ref & gen
A
Illinois division 3Vis
3%s
registered
Illinois
4s
1949
Division
1949
1
4s
1949
registered
1958
1st & ref 4Vis series B
ref
5s
(int at 1% to
—1995
due
C (int at 1%%
1946) due
1995
ser D (int at 1% to
due
,-2000
Ref & gen ser F (int at -1% to
Sep 1 1946) due
—1996
A Conv due
-Feb 11960
Sep 1 1946)
__
122'%
21%
161
26
103%
126'%
•
'30%
AGen
mtge
inc
AGen
inc
^Chicago
(conv)
100%
,.vV.."V':4-A
'I';
,
105V"
105 i3
105%
110'%
110
110%
'22'
-
106 Si
103
105%
98
15
'
106'%•
103
■
M-S
106V2
110%
109%
109% 110%
58
84%
110%
F-A
108!%
108'% 108 Vi
45
92%
109
J-J
51%
J-J
84
83
84
J-J
55
54
55
1947
J-J
75
73%
75
70
48
58
51%
50
M-N
1988
63%
125%
128'/a
29-
76%
88%
23
47
65%
•
*127%
-
•
'
•
Ry—
.
37
50
75. v /'..i
'
47%
78%
45
74
»
B___1947
J-J
68%
70%
1947
ARefunding gold 5s series
ARefunding 4s series C
J-J
67Vi
68
M-N
11%
11%
40
10%
12'/a
12%
11
101/8
&
gen
5s
series A
1966
&
gen
6s
series'B
May 1966
J-J
1950
J-J
—
May 1 1989
J-J
CO O
& Sou
•.•
102
J-J
1982
A
ser
•.-%-,-•
V'.'—"
12
105Vi
F-A
1997
5s
Louisville
ARefunding 6s
105 VI
2038
1st gold
&
1
'
1971
mtge 4Vis
Ind
—
RR—
Chicago Gt West 1st 4s series A
Chicago Ind
5C-year 4s
12%
5
87
*100% 101 Vi
83%
14%
;
14%
101%
A-0
89%
93.
,
J-D
j
,
89%
188;%
52%
53%
331
54
naere
1424.
86
J-J
74
76%
53
69%
82%
4%s
series
C
85
81%
85%
220
—76%
89'/a
AGen
4Vis
series
E
„.May 11989
—May l.i.989
J-J
J-J
84%
81%
85
54
76%
89%
AGen
206
70%
73%
41%
92
94%
4%s series
F_,____May 11989
J-J
82'A
86
56
77%
59%;
90%
64%
AGen
4s
AGen
191
91%]^!
7
74'A
gold 3%s series B__May 11989
AGen
A-O
series
A
J-D
61
59%
60%
329
46%
64%,
^CC
232
80%
79
-
••'
JChie Milw St Paul & Pac RR—
1975
F-A
56%
53%
56'%
1.185
45%
Jan 1 2000
A-0
13%
12'%
13%
958
11%
105% 105%
95
101%
68%
927
AMtge gold 5s series A
AConv
adlustmpnt
5s
17%
Chicago & North Western Ry—
m-3
53%
53%
231
52%.
53%
I76v
38%
39%
271
52%
■
41
59
1st & gen
2nd
M-S
,
see
103%
120
__;
■•"
,1977
A
series
Chicago & Erie
'
1949
General 4s
&
■>•/
J-J
A 1st
ser
fn«tnotes
109
Chicago Burlington & Quincy RR—
1st
159
109 Vi
121%
•:
'
139%
105%
; 104%
9
128
25 Va
26
132%
56
■
■'*103%
,1989
•;
^Chicago Milwaukee & St Paul—
-—July 1948
Stamped modified bonds—
1st mtge gold
(int at 4% to
Oct 1 1.946) due
July 1948
1
:
139 %
102%
n
105%. 106
1C4 % 105!% ;
__,__1989
gold 4s
cons
gold 4s
100
1
1996
impt mtge 3 Vis D
&
88
'
1996 !
&
Ref
•
108 %
97
72%
2
-•
1932
Ref
74
131
78%
106
96%
—
102'A 102 VA
•/
'
30%
109 %
100
43
1
89%
78%
■>—.
.
70
RR—
Ref & gen ser
87 3A
89'%
35%
26%
3
105'/a 105%
105 %
93%
104%
J.,-
'
F-A
26
47
28
104% 104%
M-S
B
&
26%
28
M-N
105
31
'29
■
§ACentral RR 81 Banking 5s stmp_1942
114%
,
.
A-0
Certam-teed
Prod
112
.93
124
107
110%
111%
93
1987
1st
56
34%
32%
110%
108
12
,,1987
3%s__
16'/2
48%
23
7
v
J-J
1987
Power
Pacific
A-0
10%
41
30
J-J
4s
Y
49%
26
1987
registered
Central
Guaranteed
110
i960
/.
11
48%
,,1961
registered
AGeneral
106
Light 3%s
New Eng 1st gtd 4s
tACentral of N J gen gold 5s
10'A
10%
30
*
A 1st
mtge gold 4s
91%
68%
50%
34%
M-S
79%
10%
42%
43
j-j
40
37%
& gen
Chicago & Eastern 111
M-N
82%
14
j-d
.105 Va
1944)—
1,
Atlantic & Danville Ry 1st
A.,
*110'A 111%
*112
;v
73
118%
;„7- :
*110% V-
j-d
*110
Nov
•
*112% 114%
j-d
j-j
mtge 5s
11.
.102
44
'
M-N
j-d
83%
82%
-
47
76%
*,
151
*112% 115%
.
53
645% •;
10%
63
17
13
;
7124% 125
f-a
•;•.•:•
12
64'%.
46'A
102'A
5
•
113% 114VA.
125
1945
(
103 Vi 103'/a
.
J-D
A-0
115%
91
:
■* 104 %
114
A 1st
1948
'
M-N
.107%
V
236
95
93
■
gold 4s
1959
100%
31,
69
1st
1945
86%
41
Vi 122%
102% 104'A
113% 114
1131/4
debs,
P
ARef
103
3
121
102'%
M-N
U
§AConsol gold 5s
103'A
97
r
108% 109
121%
Corp 3%s
Branch
tCenVral of Georgia Ry—\
105
104%
,
—1978
debentures
M-S
ACent
3%s debs
106'%
67
"4
::
95
108 V4 109'/s
<•
89%
Topeka & Santa Ft—
General 4s
"nr
87%'"
gold
103 7/a
80
>
& Telegraph Co.—
109
■
9
gold
100%
>:
100% 100 A
,
108%
&
3
80%,.
107'A 107'A
A-0
89%
j <■: •
_
103% 104%
103%
A-0
Ref
13
98
104'A 104%
A-O
7
89%
101
104
M-S
J-D
,
25%
79%
103%
81'A
*80
1944)-————
1
—1961
1966
3s conv debentures
1956
Amer Tobacco Co deb 3s
1962
Am Wat Wks & Elec 6s series A—1975
Dec
25,,/
Guaranteed
Celotex
120
104%
"2
104% 104%
104'%
debentures
1st
29
103%
,,-v/ •/••■'.
_
A-O
109 ,'/
107%
.
debentures
Baltimore
.7-':
A-0
,,1957
5s
$8ACarolina Central
103%
2
101'% 101'%
A-o
3 "4s
Atlantic
Power
National
Canadian
V
66%
A*-,100%
*109
101'%
3'As
Second
7
Can
.76
,"•103:
*106% 106%
*102%
Foreign Pow
1st
63%
21%
Guaranteed
>
<; c.
68'%
-
104% 104%
M-N
-i
26.
89
*101% 101%
American Telephone
"
85%
<
1
120
120
J-D
A-O
Conv
Elec
Guaranteed gold 5s
Guaranteed gold 4%s
Cart &
—1948
Called
'
44%
33
98
%,;;/>
—,
J-J
^,1968
,91
.Liu—
()'
10
18%
Susquehanna RR 3Vis—1946
registered
1948
Alleghany & West 1st gtd 4s
Allied Stores Corp 4'/2S debs
.
California
Guaranteed
10
•
7,
F-A
F-A
A-0
Allegheny Corp 3'As sec conv
7s
25
i955
260
27%
62
59
>
A-0
,,,1952
/
,,1960
91
59
A-O
Atchison
102'/2
87%
deposit
Bush Term Bldgs 5s gtd
Canadian
102
65%,
v
:
■
1948
Albany Rerfor Wrap Pap 6s
6s with) warrants assented
Armour
of
5s
Celanese Corp
series A plain—
Amer I
109%
27%!",: 26
1947) due
1966
c-.
:•
AStamped
&
112%
109
*109'A:
59%
(interest
1962
JAbiubi Power & Paper—
Am
109
and Industrial Companiea
Railroad
3'is
5
3-j.
I
California-Oregon Power 4s
,«»
73 Vi
(•
107
109'% 109'/a
J-D
Canada. Southern
89
*88
extl conv—
1978
readjustment—,1978
1984
A Warsaw
(City) external 7s
1958
A4'/as assented
1958
103'A
Niag Elec 3Vis series C_„1967
2.1%
91
a
*90
•
6
F-A
10
,•:
3
M-h
3 %s extl readjustment.^
Albany
103'A 103'A
1981
25
91
.■
112%
94 Vi
M-N
11
*91
74
108
111
18%
12,%. 17'/a
15
s.
100%
100
100
F-A
7'>
20
20
>*
104 '/a
6
9
1957
Consolidated
110
10232
102
102 %
102
A-0
'
108%
111%
111
to May 1,
/•
1
-
'63%
41% "58%
,
102
J-D
3%
52%.
26
M-N
modified
i
<*100%
1950
:
•"'"••
108% 108%
F-A
1947
series A,
gold 5s
A Certificates
■
13
102
Bush Terminal 1st 4s
s
49
99%
.'94
83%
59
49
M-N
57 /•::
105
96%
16
56'A
,
93
M-N
7
-56,'A £ 68
.22 * iti*:
29
.
M-n
3%-4%-4A
Alabanm
49
102
92%
.
.
106%
101
-A,.-
-
92%
£Burlington Cedar Rap & Nor—' 7 •'
S A 1st & coll 5s
Z_,
1934
.
'
57
F-A
i
93
M-N
,1955
*96
at
J.1957
,
■
*102'%
.
104%
.
105
: *100
J-J
-
.103
M-N
Stamped
40%
?
62 '/2
'-.J 14%
7
23
M-N
4-4%-4%s extl
§ A5s
10
1966
Buffalo Gen Elec 4 Vis B
t
.■>8 .i:
>
7
1979
conversion,,
105% 106%
50
.C •"»'
W, 62'/2l
1960
1964
readjustment
105%
Bklyn Union El 1st gold 5s_,
1950
Bklyn Union Gas 1st cons gold 5s_1945
•
38%;
3%s-4-4%8 <$ bonds of 1937)—
; :
F-A
Bklyn Edison cons M 3'As
u-
AExternal sink fund 6s—
104
.
—1955
1946
(City) 8 f 5Vis
Sydney
.101%
44%
44
lOG'/a
107
10
40'%
50
lOlVi*
103^
103'A
93%
os
13
103'A
mtge 4%s ser A______July 1970
ref
101%
jV
F-A
A-0
t A Boston & N Y Air L 1st 4s
,
.,1962
1962
1958
1958
1
extl—
41%
38'A
•""??
A-0
.
sec
42%
33
2
J-J
,
of)
B
(Prov
7 :
■
1940
external
secured
A 7s
Ainc
lien &
103
\ 100
105 Va
M-N
4s series RR
Buffalo Rochester & Pgh Ry—
41%
Serbs tfroata & Slovenes iKtngdom)—
A Silesia
43%
;« *37
—
J-J
3.50% )—1978
to
1st
39
1
130'/a
100'A
10
103
M-S
1st lien & ref 5s series B
47'/a
41%,
L>:-
-C i Stamped pursuant to Plan A
(Int
40%
*42Vi
M-S
—1968
7s—.——
I
8
■■■.'
36'/a
101%
lOlVi 101%
101
•
11
1961
.I960
1st gold 4%s series JJ
1st
128
:fi3o% 131%
105% 106'A
38 Vi
4
90
83
98%' 102
105%
1967
48%
Buffalo
Stamped pursuant to Plan A
(Int reduced to 2%)-'
.—2012
A
47
2'
.<■
73%'
J-J
35'%
37%
74
A-0
,,1955
.'
,
mtge
3
2
1965
1st 5s A C__
II
82%
82'%
1960
3'As series H
series
.
85
82%
J-D
30
43'A
J-J
,1950
loan—-
5s
76
56%
'
48
81
•.,82%
:
' ' 823/4
A-0
,,1959
mtge 3s series G
M
85
;'•;. 57.
108"
68%
•
80%
A-0
1952
3%s series F
Boston 61 Maine
ti\gh
39
A-0
1956
'
81%
:
~2
87%
43
J-J
Stamped pursuant to Plan A
(Int reduced to 2% )
,—2012
S A Secured
n
86'%
J-J
dollar
41%
>;
1951
Beth Steel 3'/is conv debs
Consol mtge
67
...
J-J
1950
debentures
Debenture
Stamped pursuant to Plan A
(Int reduced to 2.5%)
—1999
A7<- cXtl water loan
,1956
extl
2%s
:-r*'67%
81
J-J
2'As
Loan
Indus
29
.
42
37%
43%
L_1951
39
1
v
J-J
—
.41'%
if.
M-N
v
J-J
:„_1951
34
"7
*40%
'
1959
34
37%. 37'A
41'%
M-S
Paulo (State) 8s
Stamped pursuant to Plan A
(Int reduced to 2.5% ),——-1999
Afis
;
.45%
30
14
...
47%
*46
;•
M-N
|AS»n
A8« external
i
M-N
1957
,1936
f
A6Vis extl secured s
;
Beneficial
103
35
44
38'%
;
;
J-J
Telephone of Pa 5s series C_»_19G0
Bell
•
ISt
8s—1952
(City of Brazil)
ASao Paulo
50%
100'%
.
•
Santa
44'%
84%
Janudity I
AO,
RR—
17,
Consol mtge
A-o
municipal
45
A-0
F-A
1950
stamped
4s
Consol
1946
external sink fund gold——1968
external loan of 1926—.
1966
A 7s
& Aroostook
ref 4s
Con
'83%
Range Since
Sold
Big A
/
83%'
■; >
3%%
at
due,,,',,
Beech Creek Extension 1st 3%s
(State of)—
Rio Grande do Sul
A 7s
26%
34
v
>*42%
31
36
-
A *50
103
(int
M-N
.
42%
A-0
•
s-
Sale Price Bid & Asked
; Low.
Toledo Cin Div ref 4s A
26
14
12
'■
43
■
F-A
—1953
•_*
12%
29%
M
1st
Bonds
7
,
extended to____1951
to Jan 1 1947)
Bangor
Week's Range
or Friday's
Last
(Continued)
gold 4s
S'west Div
32
22%'
142 %
M-N
Abs extl loan of 1921
bV2b
Ref
26%
28
*15
j-d
Stamped pursuant to Plan A
(Int reduced to 2.375),_:,2001
sec
11%
60
*15
J-J
Prague
AExu
24%
23 Vi
15
*21
:
•
j-j
(City of Greater) 7'/2S___1952
Queensland (State) extl 6s
,,1947
ARlo de Janeiro (Cltv of 8s
1948
A
17
89
Ohio
pgh L E & W Va System—
■ ■( •
«. ,<
'Friday'
Interest
Period
Baltimore .&
25
777.
,*31 Vi)
a-0
8s—.,1950
i
,1963
1961
1966
Vis assented
A 4
A
24%
•
*25
A-0
1968
s.assented
External sink fund gold
Aporto Alegre
.•16%
21
A Stabilization
A
256
20 %
42'/a
16%
21
A-0
Bell Teletype—NY 1-310
BONDS
105%
,.,31 '/a
40
21
1961
New York 6 ,v-
i
7 New York Stock Exchani:*
104 %
40
i 6s 2d ser
77 h'-V 7
Exchange
-T
-I
*104%
M-S
m-S
20%
Stock
!
Telephone—DIgby 4-4933
14
M-S
Loan extl s
97
(
16
96
,,,,1959
A Nat
94%
York
90
88%
New
,—
■/.: 95%
j-d
Members
Broadway
61
88
*92 Vi
j-d
6s 1st ser_.—1960
98
f >
87'
*92'/a
89%
,,,,1967
,,,1947
loan extl s f
98%
88
*86
M-N
100'%
83
*87
A-O
PFLUGFELDER, BAMPTON & RUST
1001P
94
"4
97%
97%
7s
A Nat
IA Poland
93
96
1
*
external 7s
(State of)
APernambuco
■'://■/' it:-v7''■■.=•V..7-
•
%
98
10(3
"97
j-d
,,1963
,1994
AStamped assented os
Stamp
' '
"
:93% 100
:
?
*100
F- A
ser
as
14
99%
100
M-S
M-N
sink fund 4%s__
«City>
A-O
,,1970
1953
Municipal Bank extl s f 5s
Oslo
'W89
__
(98'/a
;■
i-.
A-0
1965
1963,
4%s__
loan
fund extl
sink
103
"100
92.
1
103
*100
F-A
4Vis,,1956
of)
fund
sink
M-N
1957
—,1958 1
5s__.2___
(Kingdom
Norway
103
(State)—
External s i 5s
,
j-d
—,1952
7s
F-A
:
53 %
39%
•
mtge
7 41^
59%
Des
31 Vi
44%
Sioux
mtge 4s ser A,____—1989
conv
income
Plaines- Valley
4 Vis,—1999
Div 4s,1969
City & Pacific Div 4s__,_1969
j-j
j-j
j-J
j-J
105%
67%
67 %
*103'% 105'%
63%
107
77%
103
104
103%
104
)
THE COMMERCIAL &
1422
Monday, October 2, 1944
FINANCIAL CHRONICLE
NEW YORK BOND RECORD
RANGE
Friday
BONDS
Last
Interest
New York Stock Exchange
Period
FOR
SEPTEMBER 29
WEEK ENDING
Sold
High
Low
Low
tSAChicago
of
^Certificates
F- A
64%
65
30
69%
71
69%
36
61%
7
67%
75
36%
46%
39%
A-O
41
42'%
47%
46'%
47'%
224
M-N
1960
42'%
M-S
1934
1952
gold 4s
SASecured 4'%s series A
AConv gold 4'%s^
846
8%
8 Va
8'%
95
J-D
1951
1951
Memphis Div 1st gold 4s
1951
Chic T H & Southeastern 1st 5s—1960
Income guaranteed 5s
Dec 11960
96%
89
89
J-D
./v..
n
72%
Union Station—
1st
Chic
——
JAChoctaw Ok & Gulf cons 5sCincinnati Gas & Elec 3Vis—
104
J-J
107'%
107
A-O
Vis series E„_
Cin Wab & M Div 1st 4s
St L Div 1st coll tr gold 4s
Cleveland Elec Ilium 3s
Pittsburgh RR—
3Vis gtd
3 Vis gtd
General 4Vis series A
Gen & ref 4Vis series B
Cleve Short Line 1st gtd 4Vis
Cleve Union Term gtd 5Vis1st s f 5s series B gtd
•'
F-A
Series
1948
1950
1977
1981
1961
1972
1973
—1977
1945
1970
C
D
68'%
69
1st
f 4Vis series
s
1st gtd 4s
Coal River Ry
Iron 5s inc mtge
Fuel &
Colo
0
Colorado & Southern
'
1980
May 1952
deb 5s—.
Columbus &
Columbus &
Columbus & Tol
106%
debentures
Consolidated Oil conv deb 3Vis
deb 4s
{AConsol Ry non-conv
A Debenture
4s_
Power
.
mtge
JACuba Northern Ry
A Deposit
receipts
40
107%
Collateral
*
105
Purchased
84
102 Vi
Collateral
75 Vi
-
4
83
trust
103
106%
103%
106%
109
108 '%
110
113%
111
114%
113 Vi
114 Va
105%
111
101%
104
M-N
Refunding 5s
1953
M-N
i960
F-A
1950
J-D
Div 1st gold
:»
ARef & impt 5s
Detroit Edison 4s
F-A
1963
J-D
70%
1963
J-D
65'
1950
J-J
ref 5s
1st
Iowa
&
1st
48%
150
47%
61%
19%
19%
34
16%
24%
48%
59%
64
43%
48%
49%
63
43%
57%
68%
153
56
69%
9
105
109'%
109'%
10
105
101'% 101'%
1
series
58
109 %
112
109 %
110%
3
108%
111%
103
8
101%
95%
1st
lien
5s
*49
46
50 Vi
44
-
5s
53%
55
*58%
44 Vi
61%
46
101% 102
102
107'% 108'%
107'%
*103%
94'%
94%
Gen mtge inc 4%s series
Ohio Div 1st mtge 3'%s
51'%
52
52%
52%
F-A
4%
F-A
~3%
3%
A-O
46'%
46 Va
A-O
108%
M-S
109
3
Tire
Rub 3s
&
J-D
40
14
100
52
102%
J-D
1961
J-J
M-S
6
105%
108'%
103 V3
22
79%
99%
12
105'%
106%
172
45
55%
10
46
56'%
4'%
5
9
47
3%
11
40%
8
6 %
50
14
108
J-J
A 1st
& ref
5s series A__
ACertificates
;
Food
of
J-J
1
41
3
4
98%
3
102
103
107
2
106%
108 %
47
35
24%
37
106
J-D
M-S
A-O
& 106 &
107
108'A
47
111
City Fort Scott & Mem Ry—
§ ARefunding gtd 4s
1936
of
106
98
98%
A-O
*90
103
103
82 VB
Francisco Sugar
M-N
106
98'%
~1
5
114'%
150V4
106%
82%
Stamped
10
99%
4'is—1
.
78%
82'%
106% 107
97%
16
194
5
101%
64%
102
106%
84%
107
102
104'/a
102
103%
117
133
103 Va 104
13
i3o.;:
100
J-D
100
5
98%
100'A
46
49
20
42%
59%
*40
49
50
42
56%
*103%
M-N
102
103
__
5'is
1949
J-J
Ry 5s
Oct 1 1945
J-J
30
28
{§AGa Caro & Nor 1st ext 6s-____1934
J-J
70%
67%
Gen
Steel
Castings
{AGeorgia & Ala
For
footnotes
see
page
1424.
98%
84%
101%
72%
717%
89
69'%
89
85%
52
72%
89%
105'% 105'%
18
105%
109%
118% 118'%
3
114%
119
88'%
85
85
1961
1961
J-J
J-J
J-J
J-J
'-I'
V•.
*64
100
1954
J-J
3%s
Kresge Foundation 3% notes
{AKreuger St Toll 5s ctfs
1961
1950
1959
M-S ?
Koppers Co 1st mtge
*101%
90%
106
109%
llOVa
__
106
5
100
10
5
100
105%
3'%
5
.
108
102'%
106%
*104%. 104%
M-s
94%
175%
107'%
109
*103'%
106
102
172%
~1
109% 109%
M-S
100%
98
—
*168
•
69
91'%
5
*95'%
A-O
86
51'%
70
100
„v
J-J
J-J
88
7
74
88%
1961
Laclede Gas Light
Coll
&
Coll
&
Lake Sh
3%s
97%
102
C
5%s series
5%
mtge income.reg
& Nav s f
4%s A
fund 4'As series C
A.
gtd gold 4s
Lehigh Valley Coal Co—
Lehigh & N Y 1st
5s
1st &
5s
1st &
5s
Lehigh
ref sink fund 5s
stamped
ref sink fund 5s
*
stamped
ref sink fund 5s
stamped
1975
1954
Dec
—
Harbor Term gtd
Valley N Y 4'As
5s
ext
1954
Liggett & Myers Tobacco
5s
debenture—
Little Miami
gen
Long Dock Co 3%s
102%
Long Island unified 4s
ext to——
stamped
Louisiana
&
7s_—
,
4s series A
debentures
—
105
30
44
22%
32
Louisville Gas &
70%
33
48
71
Lou & Jeff Bridge
1954
1954
1964
1964
1974
97%
105%
97
105
100%
2
*96
1965
1944
1951
—1962
1950
1949
.—-1949
—,——1949
1951
-1963
Co gtd 4s__
105
F-A
A—1S69
Elec 3 'A s—-—-1968
101'A
105
1945
1
'
96%
J-J
1
62
•
—
:
60%
62
27
69%
70'%
34
64%
80'%
33
44%
35%
35
39
212
37
34'%
40%
37
37
M-N
47
43'%
67%
67
8
*100
48'%
35
46%
59
29
'
*126
A-O
32%
36%
2
67%
A-O
-
106
1
120'% 120'%
——
M-S
*103 Va
*106
I-
106'% 106%
J-J
119
100%
M-S
106
—
122%
106
106
1
8
104
106'%
119
118%
120%
102
104'%
2
36
100%
*100
•
106%
48
100
120
104
103% 103%
*105% 107
M-S
104 h
103'%
107
106
103%
78
127%
M
M-S
F-A
57
64%
101'%
M-S
A-O
42%
123'/«
'
'
,
43%
10012
;.
*108%
69%
89
47
A-O
A-O
80
83
56
40%
120'%
85 Va
—
37
M-N
85
70
1
37
F-A
96'%
71
65%
65
*83%
35
M-N
M-N
86
84'%
6
84%
96'%
*83'%
F-A
99%
86
84%
F-A
104
95
*85'%
F-A
67
1
2
105'% 105'%
105
103'% 103'%
Ark 1st 5s series
59
100
49
18
53 %
53'%
*99% 100
;——2003
2003
2003
2003
2003
Valley Terminal Ry ext 5s_1951
1st 50-yr 5s gtd
53'%
M-S
registered
:—
4'As stamped modified-—
4'As registered
—
5s stamped modified
Lex & Eastern
105%
89%
105
A-O
1974
,-1954
1950
100%
1
93'%
1945
-1965
100%
3
*100
J-J
J-J
10034
985
98%
21
105
105
J-D
Lehigh Valley RR—
4s stamped - modified
Lehigh
J-D
99
IOOVb 100%
100% 100%
100'%
F-A
Ltd—
Lehigh & New Eng RR 4s
1st &
A-O
F-A
1997
registered
Lautaro Nitrate Co
3s
104% 104%
1943
extd 5s
1953
ref 5%s series D——.—1960
& Mich Sou gold 3%s
1997
ref
103'i
J-D
5s
103%
1
85
84
J-J
1997
—1954
4s
1949
cons
83%
95%
/;;
84%
1950
1950
1960
1987
1st 5s_...
Kings Co Lighting
1st & ref 6%s
LoriJlard (P) Co deb 5s
of Berg Co
—
84%
A-O
-1961
Guaranteed ref gold 4s
Gas & Elec
A-O
)
unguaranteed
4V2S
Kings County El L & P 6s
103'%
*126 vi
J-J
M-S
1950
*101%
—
J-J
100%
*103%
1031
J-D
coll trust 6s
58%
34
102'% 103
84
impt
Kentucky & Ind Term
103'%
106
80
96'%
103
107%
101'%
—
105%
148'%
__
105% 106
.
M-N
..1959
debs......1956
A-O
deposit
Southern Ry 1st 3s
5s
Apr
Kansas City Term 1st 4s
Kentucky Central gold 4s—
&
A 1st
110
2
*102'% 103
106
deposit
Machinery Corp 3s
38
78%
77%
78
102'%
{Kansas
54
34
28%
26
107% 108
108
J-J
....
5%
107'%
50
45
46
...1974
{Florida East Coast 1st 4%S
j
85
111%
104%
107
M-S
{AFlorida Cent & Peninsular 5s....1943
95%
96%
3
111%
108%
102% 103
103
A-O
.
74'%
K
1st gtd gold 4s__1990
Kanawha St Mich
__
7
26
M-N
1971
<
147
5
102
103
77%
'
83
92%
1959
59
108% 108'%
J-D
105%
...1958
90%
91%
53
35
50
J-J
...1961
deb
89%
92'%
68 Vi
109'A
109
•150%
Flintkote Co 3s debs...
90%
F-A
4%
109,
97%
100'%
J-J
& Clear 1st 4$
39
&
4s
Firestone
109
*102'% 105
58%
106% 107%
*114%
;
F-A
Laughlin Steel 3%s
James Frankl
Jones
41
4
46'%
108 % 108%
J-D
2015
A—
103% 1C4
57%
62
54%
73 Vi
Leh Val
;
j
109%
M-N
1955
_
Plain
51%
52%
J-J
1995
M-S
19%
67
67
M-S
38%
103'%
94%
106 V» 106%
—
1995
series B
....
Kansas City
J-J
J-J
1st cons M 4s
1955
49%
1951
59
13
62%
*58%
—
j
104
„__1947
{Alowa Cent Ry 1st & ref 4s
59
13
*70
A-O
.1965
J-J
deb gold 4%Si__1952
Int Telep & Teleg
Debentures
A-O
1972
,
1st 5s B
6%s
ref
J-J
1944
1947
6s
series A & B
fund 6s series A
&
53%
M-N
3'%s
1956
El deb
Hydro
J-J
103'/a
102% 102%
1950
stamped
Empire Gas & Fuel
Erie Railroad Co—
1956
B_„
Paper 5s
Ref sink
July 1952
103'%
5
72 Va
54%
46%
107%
104'A
44
6
66
64%
78%
74
52%
98%
A-O
2
109%
;
144
J-J
Internat
104%
J-J
57%
152
105'%
lAIntcr-Great Nor 1st 6s series A.1952
§AInternat
1
63'%
106%
59
8
J-J
1970
98
111
Cons sink
,
1956
70%
65
69%
*104
■
1950
99
78 %
G
96
95
78%
99
■
82'%
104%
Int Rys Cent Amer
1948
1965
*95%
;
76%
65
67%
1
/ii'6
110 '/a
Lehigh Coal
3'%s
75%.
/•_
91
*106'% 106%
54%
53%
59%
103
A-O
1950
3 Vis—1962
{§ ADul Sou Shore & Atl gol.d 5s—1937
Duquesne Light 1st M 3Vis
1965
Elgin Joliet & East Ry
El Paso & S W 1st 5s
72%
75%
;
:
92%
72
59'%
74%
72%
*70
75%
79%
11
*111
45 Va
110
M-N
Chemical deb 2 Vis
Dul Miss & Iron Range Ry
Nor Div 1st 4s—
East Tenn Va & Ga Div 1st 5s.
Ed El 111 (NY) 1st cons gold 5s.
Elec Auto-Lite 2'%s debs
—
2
89'%
71%
101
97
A-O
45 Vi
110
J-J
Dow
Ry Minn
J, ■'
92%
89%
F-A
90
67 %
48%
M-S
4
*107% 109 Vi
J-D
3s series H
East
A
gold 4s_.
{AInd & Louisville 1st gtd 4s
8
49%
•49
*44%
mtge 3Vis series
& ref
i*.
24
236
.
Indianapolis Union Ry 3'is ser B_1986
Inland Steel 1st mtge 3s series F..1961
104%
103
A-O
G_„1966
1970
Detroit & Mackinac 1st lien gold 4s 1995
ASecond gold 4s
1995
Detroit Term & Tunnel 4Vis
1961
& ref
series
1st & ref 4'is series C
Ind 111
A 1st
44 %
1965
series F
Gen
-
92%
1951
105 Vi
"109% 110
J-D
Ry.
Gen
63%
Western Lines 1st gold 4s
109%
.104% 104%
J-D
1978
series B
Chic & N'western
See
84%
62
J-J
103%
Plaines Valley Ry—
Des
83'%
63'%
1951
5s
j-j
Assented
A
84 7%
J-J
gold 3s
3'is
gold 5s series C
43%
Western RR—
1955
{Denver & Rio Grande
AGeneral s f 5s_.
83
17
J-J
105%
J-D
1936
.
60'%
■.■..•v.. 3
79
1951
7
J-D
1936
consol 4s
gold 4 Vis
58
84%,
79
'
73
1951
Ref
§ AConsol
60%
78
*100'%
70
22.
84 %
82
I::.
62%
72
89 V2
97
64
80'%
'
97%
97%
96%
' '
79%
St. Louis Div & Term
16
D
§ A 1st
103%
102
I
V
,
79%
J-J
106%
M-N
1<)70
101%
I..
'
I.
78%
I
80'%
J-J
A 1st
A-O
series B—1465
extended—1963
Delaware Power & Light 3s
1973
{Denver & Rio Grande RR—
'
81
1951
AAdjustment 6s scries A
55
L.lst mtge 3s
3s___
108
109%
34%
100
*100
Louisville Div & Term gold 3%s.l953
Omaha Div 1st gold 3s
1951
105%
M-N
72%
27
.
-
79
102%
M-N
.
v
J-J
1953
3'is
gold 4s
102%
104%
47
105%
55%
.
*'
:
~V'
•».—
1952
lines
trust
6
48
117%
*100
'
A-O
65
M-N
Dayton Union Ry 3Vis
Delaware & Hudson 4s
M-S
A-O
M-N
Joint
105%
109%
48%
116
173
125
*102'%
1955
Gold
4
48%
72'%
2
61'%
28 %
102% 103%
J-J
gold 4s
104%
497/a
56
27%
J-J
Springfield Div 1st gold 3'is
64%
38
104
211
72
60%
J-J
1951
1951
104
104 Vi
103
116% 116%
60%
27%
1952
ACertificates
Dayton P &
A-O
1951
103 Vi 103%
J-J
series A
F-A
95%
7
.10
70%
71%
Cairo Bridge gold 4s
96
106 Vi 106%
J-J
Deposit
M-N
1957
A
gold 3'is
104
J-J
*1952
J-D
85'%
95%
105'%
94%
105
111 Cent and Chic St L & N O—
■■■■
106
138
95%
40-year 4%s
98%
105V4 105 Vi
106 Vi
130%
,98
■
103%
1
111'%
"'
102
*103% 104 Vi
J-D
88'%
98
*137'% 138
1962
A
Refunding 4s
112 Vi 112%
J-J
1942
1st 5Vis
1st
109
113%
:
i
*113
106 Vi
17
66
66
110
M-N
gold 3'is
107
108%
1.10
5s
A-O
extended to——1946
receipts
A 6s series B extended to
,.1946
A Deposit
receipts
Curtis Publishing Co 3s deb_
1953
A
105'%
110
J-J
1954
1st gold 3s sterling
52
105
*114
1st
A-O
receipts
Deposit
A
A7Vis
1
•.-•
58%
104% 105'%
F-A
1950
^-1955
1st 5s gold
ACuba RR
95
-
1051%
J-J
—-1965
1970
1966
1969
3Vis—
1st mtge 3 Vis
Crane Co 2 Vis s f debs
Crucible Steel 3 Vis s f debs1st
.
105'%
105 >%
82'%/
81%
69
101%
89'%
*97%
J..1951
1st
102
49
J-J
I/; \~8
*110%
M-N
Telep 2%s series A...1981
Litchfield
110
106
12'%
13
101'% 101%
J-j
1949
series
Central RR—
Extended
J'
mtge 3Vis
1st
199
.
95
*55
J-J
Co—
mtge 3 Vis
1st
97% >
95%
*101%
J-D
1955
1956
4s
A Debenture
97'%
A-O
1954
3Vis
Consumers
68
J-J
1956
1958
1951
debentures—
Illinois Bell
Illinois
108%
92%
24
101% 102'%
F-A
103'%
91
81%
95
1
104% 104 %
-
M-N
Commonwealth Edison Co—
1st'mtge 3Vis series I
1968
Cohv debs 3Vis
1958
Conn Ry & L 1st. & ref 4%s
1951
Conn River Power s f 3%s A
1961
Consolidated Cigar 3 Vis s. f. debs_1953
Consolidated Edison of New York—
3Vis debentures
1948
3 Vis
109
109
104'%
M-S
101%
65
*12'%
fS- 101%
1 f;1 82'%
j-j
.
*69
Feb
1937
gold 5sj
107
106%
A-O
>•
1st
Gas
Manhattan
107%
106
1
101%
95,
105'%
62
..
Feb 1957
f 5s
s
107 Vi
109%
*108
M-N
105%
II;
Feb
105
m-N
..1999
1st gold 4s
II
109
A-O
•
70
77
0
107% 107%
J-D
J-J
102% 103'%
101% 101 \k
110%
95%
A-O
4s——.—1955
1st extl
1st
107
;
103'%
10112
J-J
112
101%
82
95%
*108'%
A-O
-
112%
&
57%
A-O
1961
H V 1st extl gold 4s__1948
Sou Ohio El 3 Vis
1970
Co
Hudson
—
J-J
Debenture 5s
Hudson
53%
Ry.—
modified)-,
4Vis (stamped
Columbia G & E
111
7
/->-
1G8 % 108 %
F-A
■
111%
185
21
95'%
Coal
Hudson
•99%
19
•
68'%
F-A
J"J
1969
AAdj income 5s
•
J-J
M-N
i-
__
H
109%
88%
Cleveland &
Series
J-J
1952
Term M.5s
ref
&
106 Vi
1
70'%
.
1st
Gulf States Util 3%s series D
72
108
I
69
95%
Island RR—
stpd
Gulf & Ship
110
*110
108'%
mtge inc 5s series A
{§Ajdousatonic Ry cons gold 5s
Houston Oil 4%s debs
111
70%
J-J
-
1975
2015
Hocking Valley Ry 1st 4%s
106'% 106 Va
J-J
M-N
■
59 Vi
101% 101%
J-D
J-D
106'%
*102 '/a
17
86%
1
*111
—
B
ctfs
87
110% '
*110
—
j
53
108
—
i.
West deb ctfs A
55
67
108
J-D
1993
1993
1977
1991
1990
1970
gold 4s
General 5s series E
87
*65
MrN
mtge 3%s series 1
6
86%
r-A
1967
1940
1940
1967
mtge 4s series G
mtge 4s series H
29
86
86
■
86
M-N
1st gtd 3Vis D—-1971
1st mtge gtd 3%s series E
1969
Cleve Cin Chic & St Louis Ry—
Ref & impt 4
107'%
105% 106
/
A-O
111%
102%
111
J-D
104% 108
105% 106
M-S
98'%
J"*/
105 % 106%
106
109'
10
106
Cin Union Term
General
36
J-J
1966
mtge 3 Vis
1st
108
1943
1957
1952
& ref 4 Vis series D
1st
{§AChilds Co deb 5s—
§ADebenture 5s
102%
99
1977
Gen
110%
29
119'%
i'.v 1101/2 111%
118%
%
Gulf Mobile & Ohio. 4s series B
77
108%
1952
1962
4s
West Indiana com
&
;
8
10
1963
1963
series E
mtge 3 Vis series P
mtge 3%s
1st
59
68%
J-J
.
100
J-J
A Debentures
78%
10811 10812
ACertificates of deposit
Chicago
19
1970
AGreen Bay &
92%
29
73'%
65
M-S
72%
59%
126'%
118% 118%
119'% 119'%
126'% 126'%
Gen
85
15
90
89
119'%
105%
119'%
126'%
Gen
89
64%
81'%
*80
■
J-D
11%
84
1
111%
111%
11
J-J
General
100
90%
10
96'%
J-D
NeHaiprleans 5s
105%
16
J-J
1973
General 4'is series E
51%
7%
16
105% 105%
1952
General 4%s series D
High
107%
101'%
General 5s series C
Northern 4'As series A
Low
101'%
General 5'is series B
'
January 1
No.
104%
J-D
Great
,
Range Since
Sold
High
1956
1947
1961
1st 4%s
F)
(B
Grays Point Term 1st gtd 5s
75%
69'/4
SARefunding
Chicago St L &
Gold
3Vis
65
70%
Bonds
Friday's
Low
81
J-J
deposit
or
Sale Price Bid & Asked
' High
63
•
Week's Range
Last
Period
Goodrich
Railways 1st 5s stpd
25% part paid
1927
{Chicago Rock Island & Pacific Ry—
AGeneral 4s
—1988
Interest
Stock Exchange
January 1
No.
Sale Price Bid & Asked
New York
Range Since
Bonds
Friday's
or
Friday
BONDS
Week's Range
100%
93%
103
105
110
101
102%
1423
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4321
[Volume 160
NEW YORK BOND RECORD
RANGE
Period
or
Low
No.
Uiph
Low
N Y New Haven &
High
XAHarlem River
1st
Louisville & Nashville RR—
D
ref 4s series
&
106%
10
105% 105%
22
9914
106%
A-0
1053A 1053A
31
94'A
106'A
2003
»
.—I960
B ext
Af-S
—1945
Mob & Montg 1st gold 4%S—
South Ry joint monon 4s— —1952
Atl Knox & Cine Div 4s__— —1955
M
A—-1945
1960
4s sink fund__Feb 1 1957
Manati
A
Sugar
5s——.1953
1959
Manila Elec RR & Lt s f
(Southern Lines) 4s
A Manila RR
Steam Shovel
Marion
1947
f 6s
s
Stamped
*
*605%
'=•
ext 5s
;
AMilw & Northern
A
—1939
§ Consol ext 414 s
§ Alst
Alst
Alst
stamped 5s gtd as to int—1938
& ref 6s series A
1946
& ref 514s series B
1978
Kansas & Texas
40-year 4s series B
Prior lien 414s series
adjust
ACum
1962
^Missouri Pacific RR Co—
Alst & lef 5s series A
mtge 414s
—1965
.——1955
Constr M 414s series B——.—-1955
Mountain States T & T 3148-.
1968
Mutual Fuel Gas 1st gtd 5s1947
46%
73%
1
83
45
Chatt & St L 4s series
Nash
1978
A
Dairy Prod 3'As debs—
Distillers Prod 3%s
Nat
1960
1949
1949
...
3'As sinking fund debentures-
Steel
National
1st
533/4
V"
7
57
36
573/8
>.
74
'563/4
72%
./
66
67
24%
25%
200
22%
30
66
67
360
56%
73
66
67
101
56%
"723/4
10%
10%
56
9%
133/4
6614
66
66%
104
56%
72%
66%
66
66%
247
68%
68 %
3
106% 106%
2
67
25%
;
66%
66%
,;V:
56%
723/4
60
733/4
104%
107
'V
1
108'%
112%
3
111
114%
107% 107%
9
105%
109
95%
V54
55
47 V4
of
ACertilicates
Alst
series
5s
J-J
J-D
Af-N
F-A
3-J
J-J
65.
109
series
5s
ACertilicates
5%s
Alst
of
of
/ 105
N
New
A-0
Af-N
J-J
J-J
F-A
F-A
F-A
1997
1998
N
N
4%s
N
A-O
M-S
A
series
A-0
A-O
Dock
Y
F-A
A-0
A-O
1st gold 4s
Edison 3%s series D—
Purchase money gold
N
Louis—
1951
1965
1st lien & ref 3%s series E—1968
Y Gas El Lt H & Pow gold 5s—1948
Y
N Y
&
4s———1949
—2043
2043
Mtge 4s series A——,
Mtge 4s series B—
N Y Lack & West 4s series A
deb
4s
certificates 3%s
6s
§ A Collateral trust 6s
A Debenture
4s
footnotes
see
page
105%,
1424.
f
96%
24
62
75
61
70%
3
-
-
72
15
77%
.
*70
83
79%
80
45,
83
81%
2
.
1
81
j
69
81
82%
71%
80
68%
773/a
:
78
73'%
87
74
85%
142
66
572
56%
71%
340
63
100%,
158
87
66
70%
71%
100
100%
74%
813/4
100%
94%
37
831/4
963/4
89%
5
78%
913A
78
78
7
69%
84
72%
.
95'%
89%
95
72 3%
1
65
78%
623/a
79%
733A
70
107%
100 %
'•
65
107
;•
23
71'A
65
71%
J-,
99%. 101/
3
67
107 3/8
-
286
63
95%
87,
,
67%
67%
107% 107%
15
107%
110%
1013/s 1013%
111% 111%
1
100'%
101%
1U%
2
110%
112%
101 %
1023/4
105
109
1
16
96%
33
78%
106%
106% 106%
4
106%
109%
108'%
108-
4
108V
110%
3
114
115%
96
96
108%
114% 114%
5
-15%
21%
103% 104%
30
103%
106%
106'% 106 s'a
15
106
108
j
110% 110%
9
108%
111%
108%
47
104%
110%
19
19
103 31
:
/
—
1103%
107
-V
102%
106'% 106'%
105 3/4
1053/8 1053/4
105%
106
106
108%
'I.,'
,
106%
108'%
25
105%
110%
*99%
J-D
J-D
107'/a 107'%
14
107%
110 3%
108
109%
105
105%
-109%
108%
109%
105
105%
15
108
111%
10
109%
109'%
110
110%
17
108'%
109%
ref
&
Power
D-_^l944 '
.
/
•
no%
v.
V-
*106
'
V
97
*107% 109%
101% 110%
71
83%
Pittston
1st
61
46
60%
series B„—
5s series C__—
series D—;
Co
inc
5'%
Portland Gen Elec 1st
89%
50%
gen
■
5s
Potomac
El
Pwr
1st mortgage
r
1st M 3%s—
3'/4S
49
48
49
17
453/s
60
48%
46 34
48'%
63
45%
59%
Pressed
51
48%
51
74
46%
61
51
48%
51
107
46%
61
47%
48%
10
45%
Securities 4s
tAProvidence Terminal 4s,
Public Service El & Gas 3%s
53%
56
184
50 %
64
1st &
ref mtge 3s
86
87
15
82
94
1st
&
ref
mtge
23%
21%
23%
163
16%
3P/4
1st
&
ref
mtge 8s
54%
52
54%
190
48%
63%
593/4
VVV
108%
.
68%
29
;
Steel Car deb 5s
t A Providence
Public Service
5s_..
of Nor 111 3%s
—1968
1972
2037
2037
1968
,-V"-^
110'A
106%
110%
108%
109%
108
98%
55
1093/4
107%
10
125
85
118
126
105
121
109
118
115%
126
123
97
65
105
71
106
71
116%
116%
103%
ill
71
44%
106'%
103%
• 96 '4
105% 116%.
116%
99%
104'A
110%
55
112%
81
18
55%
56
23%
53
105%
107
95%
103%
40
87%
96%
48
82.
57
97%
103%
105%
97%
107
131
132
121
125 %
„
*1253/8 V-:
,
,
108% 108 3%
105%
38
109
106%
7
106%
1113/,
8
1013/4
104
65%.
68%
257
28
29
147
106 %
38%
72%
17%
31
104%
105%
104%
106'%
■
17
7%
100%
101%
103%
104
104%
1125%
112
18
29
112%
16%
*13%
113%
17
—
—
/
,'
*112"
_
14
-
*114%
1133%
115
*122
1223%
123%
123
124%
116%
126%
116
128
__
126%
128
19%
6%
101% 101%
*112%
*123%
125
126 3/8
127
128
39
9
106
_
73%
73%
733A
105%
107%
104% 104%
1
102
105
104% 105
J-J
Af-S
J-D
J-D
J-D
A-O
A-O
J-D
.
108'A
108
108%
1063/s
124%
*103%
,
A-O
J-J
J-D
A-O
105%
104
16%
F-A
F-A
Af-N
J-D
,
3
15
23
*105% 105 %
—
F-A
J-D
1977
1951
1957
1956
106
'109% 109%
*104'% 104%
Af-N
M-S
J-J
J-J
F-A
J-J
Af-N
Af-S ;
J-J
"Af-N
111
105
102% 103'%
106%
F-A
1950
1960
101%
108
108%
*131%
.
,-
Af-S
4%s—!——1960
extended to—
116'A
1003A
—
J-J
J-D
J-J
1st 4'/2s
105%
1133/4
•
105
'
F-A
J-D
1st
106
103
107
107
1093/i 110
109% UO'/s:
109%
Af-N
1962
1974
lit gen 5s
103
110%
106
V,;
/
*__
109'%
j-j
M-S
——1977
deb—
1964
111
105%
102
110
108%
*100'/4 103'/a
111'%
*104
__
Af-N
1093%
84%
/
108'%
108
' *110%
,
F-A
J-J
J-J
Af-S
J-D
1043/8
1
v;
—r--
of
2
1053/a
■
conv
111%
104%'" 106 %
*114
'
'
3
110
Af-N
J-D
104
76
__
»i04
,
J-D
Af-N
J-J
J-J
F-A
F-A
1981
debentures—
109%
V
J-D
—1968
,1969
—U974
3%s ser D_
& Light 3'%s
_
■//
ref 4'%s series B
&
100
98
J-D
1946
1964
H—1961
1—1966
J-D
1st & ref mtge 3s series J
—1970 ,.V: J-D1st & ref M 3s series K
—1971
J-D
Pacific Tel & Tel 3%s series B___1968
A-O
Ref mtge 3%s series C
—1966 V: J-D
Paducah & 111 1st s f gold 4%s
1955
J-J
Panhandle East P L 3s B„. .——1960
M-N
Paterson & Passaic G & E cons 5s_1949
Af-S
*107% 110%
56
104
1
104% 1045%
ref mtge 3%s series
*106
;
104
8
*102% 104
/—
106
ref mtge 3%s series
*110% 110%
*77
88
'
_L
/•
106%
guaranteed———1957
Series H cons guaranteed 4s
1960
Series I cons 4'%s
.—1963
Series J cons guaranteed 4%s—1964
Gen mtge 5s series A
.-1970
Gen mtge 5s series B
1975
Gen 4%s series C_
1977
Pitta Coke & Iron, conv 4%s A—1952
Pitts Steel 1st mtge 4%s
1950
1st mtge 4%s series B
1950
Pitts & W Va 1st 4%s series A
1958
1st mtge 4%s series B
-.1959
1st mtge 4%s series C
1960
Pitts Young & Ash 1st 4s set A
1948
101
107%
107"
88
25
28
106
Series G 4s
107%
101% 101 %
107
98 'A
C2%
j-j
—
78%
59
73
80%
82%
j-j
series G
lsu 81
ACertificates
70%
.
84
248
81%
j-d
—
*100
73
61%
1075%
deposit————r
Phillips Petroleum 23,4S debs———1964
Pittsburgh Cine Chi .& St Louis—
Series D 4s guaranteed
-1945
Series E 3%s gtd gold—
1949
Seriis F 4s guaranteed gold-—-1953
82%.
75%
66
96
81%
-
3%s deb———1952
Phila Bait & Wash 1st gold 4s—
General 5s series B__
—-1974
General gold 4%s series C—_—1977
Philadelphia Co. coll tr 4%s_
1961
Phila Electric 1st & ref 3%s—1967
1st & ref mtge 23/4s_;
.-1971
tPhiladelphia & Reading Coal— ■
/.
A ref 5s stamped
-1973
AConv deb 6s_
1949
Philip Morris Ltd deb 3s—
1962
3s debentures —;
——
1963
t§APhilippine Ry 1st s f 4s—.—1937
84%
71%
77%
70%
51
82
3-j
gold 5s
1st
Co
Pacific Gas & El 4s
Phelps Dodge
71%
M-N
3-D
deb
76'%
88
82%
102%
96
4
1957
ref 4%s series of 1927—1967
4s
A Debenture
93%
34
37
87
1947
3%s
ANon-conv
62
.
105
78%
Af-S
Af-S
A-O
J-J
Af-N
J-J
J-J
A-O
deb
For
J-J
J-J
88
.
94%
79%
1947
—.1954
—1955
1956
1956
_1948
1940
1973
1973
74%
95%
98%
53
60'A
.
78%
3-D
F-A
Af-N
RR—
3 %s
deb
Alst &
.
*58%
76%
96'%
633A
1033/4
88%
98
62%
—
V
76%
79 s
v.. .48%
ANon-conv
122%
126
75
50%
ANon-conv
117%
6
66%
66 %
Af-N
Af-N
deb
H434
104% ;
116
10
1043/4 105%.
104%
75%
A Non-con v
933/8
88
75%
4%s series B
AConv
,
-2000 J
Harlem gold 3%s
tN Y New Haven & Hartford
ANon-conv deb 4s—
84%
,
.101% 102%
F-A
1974
C————1978
1st mtge 3%s extended to___—1947 :
Y Connecting RR 3%s A
.—1965
5%s series
95%
17
1 105
105
J-J
F-A
A-O
registered——————1998
3%s__
1998
registered
1998
Ref
84
17
93
81%
5s series C
Ref
113%
*90
A-0
1954
York Chicago & St
103%
19
124% 124%,
F-A
Mich Cent coll gold
3%s
105%
7
A
115 v, 115%
115
deposit
registered™—
Shore coll gold 3%s
3%s
103%
993/4
92
93
deposit
3%s
Lake
107%
102%
"I
105'%,
*74
1956
129
121%
92%
89
100% 101%;
108%.
108%
Af-N
*l083/8
v A-O
1G6%
104%
F-A
—V
124%
J-D
117%
116%
J-D
126
124%
A-O
105
104%
A-O ;"
116%
115%
.,■■■•
3-j
116'%
115%
Conv deb 3%S—.——
1952
A-O
103%
103%
Peoples Gas L & C ref 5s——1947
V M-S ,■%/.;*__
Peoria & Eastern 4s ext4—
—1960
A-O
71
69%
A Income 4s—
——-Apr 1990
Apr
43%
41%
Peoria & Pekin Union Ry 5'%s_—^1974
F-A
'; n06
Pere Marquette 1st series A 5s——1956
' J-J
103
102%
1st 4s series B-.—
——1956
3-j
'V'V
95%
1st gold 4%s series C———1980
Af-S
97%; /' 96%
107%
1023/a
113% 113%
92% 92%
F-A
——2013
Conv secured 3%s
--——-1952
Y Cent & Hud River 3%s___—1997
imnt
&
1053/4
4
—
Cincinnati Bridge Co—
General gtd 4%s
—1945
Y Central RR 4s series A——1998
Ref & impt 4%s series A—
2013
Ref
16
*104%
'
133%
129
132
*95%
Af-N
.
Pennsylvania RR—
Ccnsol gold 4s
——1948
4s sterl stpd dollar
May 1 1948
Gen mtge 3%s series C
1970
Cons sinking fund 4%S—
1960
General 4%s series A
1965
General 5s series B
1968
Debenture gold 4%3
1970
General 4%s series D„!
2981
Gen mtge 4%s series E
-1984
93
121
v
102% 102%
Newport &
N
:
—
deposit
A
series
ACertificates
102% 103
A-O
deposit
series D
4%s
Alst
J-J
1956
of
107
102%
Coast
Pacific
4 %s
112
-: 82
21
—
C
ACertificates
48
1946
Penna
112%
110
6
107
107:
A-0
-1954
of
Certificates
A
Alst
deposit
B
—1945 /
1st'. 5s_
Oregon RR & Nav con ;gold
..._1946
Ore Short Line 1st cons gold 5s_
1st
69%
43%
89
88%
J-J
1945
1952
1st gtd 4%s series B
-1961
N J Junction RR gtd 1st 4s
1986
New Orleans Great Nor 5s A
1983
N O & N E 1st ref & imp 4%s„—1952
New Orleans Term 1st gtd 4s
-1953
tNew Orleans Texas & Mexico Ry—
§ANon-cum inc 5s series A
1935
473/4
40
125
63 %
3-d
—1946
4s—
1st
48% -•63%
78
109%
J-D
England Tel & Tel 5s A
New
89%
34%
*121
3-j
ctfs——^1952
Pennsylvania Glass Sand 3 V2S^—..I960
Pennsylvania Ohio & Detroit RR—
963A
20
109% 109 %;.
Af-N
1945
82%
58
116
101%
M-S
Gtd 4s series ,E trust
1013/4
142
63
58%
55%
58%
943/4
100%
55
1.61%
63
1
95%
101
*100
Af-S
gtd 4s
A Consol
F-A
J-D
Af-S
..—1948
15
37%
132
.—1966
33/4s
Pennsylvania Co—•
Guaranteed 3'%s trust ctfs
111%
112
112
A-O
England RR gtd 5s
jANew
Elec
1st &
108% 108%
1954
fANaugatuck RR 1st gold 4S
Newark Consol Gas cons 5s
85%
35%
69 %
99
45
1103/4
;;
Vv.i.
_1965
3s
mtge
-
108%
*129
M-N '
;
75
64%
64%
23
58%
42%
•
82
31
10834 .1093/4
*34%
.—1967
——
&
Gas
Transmission
Ontario
V
71%
56%
111
84%
37%
.—1965
4s_T-
1st mtge 3%s
N
Nat
1
110
;
..-1972
mtge
1st mtge 4s_
Oklahoma
105
100
.78
95
,
183/4
82
109% 109%
j-j
—
7%
5
1
.64
63
64
A-0
J-D
W
Af-N
J-D
M-N
M-N
J-D
M-N
Constr M 5s series A—
50
29%
73
57%
•
•
A-0
ref 33As——1966
ext—
-1951
Morreli (John) & Co 3s debs—1958
Morris & Essex 1st gtd 314s
—2000
30 %
—
71%
M-S
F-A
Tramways 5s
Montreal
6
25
'.
87
23%
.—1961
F-A
Montana Power 1st &
47%
,'
,
82%
j.-;-:
6614
64%
72%
A-O
>
29%
6
•:
r
*105%
Af-N
1960
debentures
1st
6s
44
82%
6614
F-A "
Af-S
Af-S
M-N
^
tOgdensburg & Lake Champlain Ry—
1948
§ Alst guaranteed 4s
5%
42
44
45%;
6
=:
J-J
A-0
—1965
AGeneral 4s
1975
Alst & ref 5s series F
1977
Alst & ref 5s series G
1978
AConv gold 514s
1949
Alst & ref gold 5s series H
1980
Alst & ref 5s series I
3981
Moh'k & Malone 1st gtd gold 4s—1991
Monongahela Ry 3'As series B
1960
Monongahela W Penn Pub Serv—
44
/
43%
14
108
110
21
*109
C F-A
F-A
.
Af-S
(Minn) 1st 81 ref mtge 3%s.
-1967
1st mtge 23/4S—
—1974
(Wise) 1st mtge 3%s
-—1964
50%
21
7%
8%
*88
*109
23%
109
15
20
8%
108
34
O
12
3%
r",v; 5%
105%
10
42
*16
111%
1051/4
2
69%
108
105%
42
5%
52
107%
105%
,
90%
7%
42%
45%
J-J
1978
D
11
,'v
71
75'A
82'A
42%
43%
3-J
series A—-Jan 196'
5s
108%
103%
Ohio Edison 1st
J-J
J-D
1962
Prior lien 5s series A
106%
"103
*106
18%
3%
7
States Power Co—
Northern
94
55
10%
3-J
3-J
1959
1990
RR 1st 5s
1st 4s
Missouri-Kansas-Texas RR—
t AMissouri-Illinois
Mo
105%
v
73
97
8214
*5
..
99
66
*98
3-J
3-J
3-J
1938
1938
Stamped—
consol 5s
§ Alst
33
Q-F
.
102%
10714 108%
*60
v
19%
95
~7
871/a
108'/a
tMlnu Ct Paul & Bault Ste Marie
5 A 1st cons 4s
1
8714
Af-S
1962
15
127
63
109%
.
100%
5
—
87
J-D
1949
^Minneapolis & St Louis RR—
A 1st & ref gold 4s
A Ref & ext 50-yr 5s series A
111%
99
.
:
*104
J-D
1st ext 4%s__1939
106
108%
15
'•
99
Af-N
J-J
Af-S
A-0
■
103%
4
92
15
15
M-S
1951
1st gold 314s
1952
Ref & impt 414s series C
1979
Michigan Cons Gas 1st mtge 314S-1969
tSAMidland of N J 1st ext 5s
1940
Sag 3148
&
Lans
3
104
108% 108%
F-A
100'A
96'A
•
•
*100
Central—
Micmgan
.Jack
99 ] S
104
104
A-O
Af-S
A-O
314
.
120
4%
High
107%
9%
No.
15%
3%
62
.
102%
101%
.—
Low
102%
*108
<
102%
101
4
63
.
71%
;83
•
—
■*102%
Q-A
1945
1955
Metrop Ed 1st 4148 series D_
1960
Metrop Wat Sew & Drain 514s
1950
t§AMet West Side El (Chic) 4s__1938
(Stamped mod)
68%
Telephone 3%s series B
Range Since
January 1
Sold
High
14%
15%
J-D
A-O
M-N
J-J
J-J
0 J-J
F-A
F-A
,
Af-N
J-J
J-J
;
M-S
A-O
1965
1958
1963
„i»37
1937
1940
..1943
Bonds
Friday's
*106 3/4
1967
1 § AN Y west & Bost 1st 4%S——1946
Niagara Falls Power 3%s_»»— —^—.1968
Niag Lock & Ont Pow 1st 5s A—1955
Norfolk Southern Ry Co—
V
1
: ,
1st mtge 4%s series A
—
1998 .J-J
AGen mtge 5s conv inc.
2014
A-O
t§ANorfolk Southern RR 5s A
1961
F-A
Norfolk & Western By 1st gold 4s_1990
O-A
North Central gen & ref 5s
1974 ;
Af-S
Gen & ref 4.%s series A
;
1974
Af-S
Northern Pacific Ry prior lien 4s__1997
Q-J
4s registered—1997
Q-J
Gen lien ry & Id gold 3s_
Jan 2047
Q-F
3s registered
i
1.2047
.
Q-A
Ref & impt 4%s series A
^2047
J-J
Ref & impt -6s series B—;
..2047 ;
J-J
Ref & impt 5s series C
2047
J-J
Ref & impt 5s series D__
2047
J-J
99
52
15
*46.%''*'—
10214 10214
;
Market Street Railway—
McCrory Stores deb
90%
5
17
1st cons
El Lt & Pow 3%s—
Y Rys prior lien 6s stamp
Y Steam Corp 1st 3%s
N Y
x /'.
62'A
61%
78
M-8
1955
gtd 4s—1993 " ~
JIAN Y Susq & W 1st ref 5s;
§A2d gold 4%s
§ A General gold 5s
ATerminal 1st gold 5s
113
9814, 9814
V
3-D
M-N
Af-S
Af-N
A-O
A-0
mtge 4%s series A—
N
104
.76% : 78%
J-D
Maine Central RR 4s series
Gen
■
N
100
112
1
,
ref gold 4s„—1992
N Y Queens
'101%' 106'/a
10
113
113
Af-N
4s
N Y & Putnam
104%
103
98%
AGeneral
107%
94
1
1053% 106
106 /
Af-N
;;-v,;
—
..■■
*1023/4
J-J
/•■
—.
.
■
'
98%
'
M-S
v.,
V
*103
4s
or
Low
Hartford RR (Cont.)
in Port Chester—
1954
*AN Y Ont 81 West
104'A
103
'
*105% 107
-
rl
102 A
105 3A
25
102^, 102%
iV
F-A
1980
St Louis Div 2d gold 3s..—
102
:«
j-j
.
_
.—1948
Paducah & Mem Div 4s
107
J-J
series A ext_. —1950
Unif mtge 3%s
107'A
106
A-0
1st & ref 3%$ series E
'Unif mtge 4s series
108
A-0
ref 4%s series C—
1st
10614
104
4
A-O
2003
-2003
ref
1st
&
106% 107
2003
5s series B
1st &
Last
Sale Price Bid & Asked
Period
"V
January 1
Week's Range
Friday
Interest
Stock Exchange
New York
Range Since
Bonds
Sold
Friday's
Sale Price Bid & Asked
Last
Interest
Stock Exchange
BONDS
Week's Range
Friday
BONDS
York
New
SEPTEMBER 29
WEEK ENDING
FOR
3
102%
1053%
101%
105
105% 106%
23
*103% 1033A
25
59%
73
73%
73%
9
58%
723/4
73%
35
73
*106
83
83
107%
121%
121%
__
__
__
—
•
83%
107
107'%
*122
.
58
__
105
__
•.
__
94
94
105
105%
*102% 103
■ *__
109
*113
102 V4 102%
22
22
*993/4 1033/i
•
no
__
__
105%
110
110
107. 107%
*148%
*222% __
105% 105%'
2
33
86
99%
95
106
101
10
109%
113%
6
105%
1083%
113%
100%
103
17
98%
1
12
30%
100%
110
110%
106%
107%
147%.
148'%
224
224%
105%
111%
THE COMMERCIAL &
BOND RECORD
NEW YORK
WEEK ENDING
RANGE FOR
Last
Interest
Exchange
Period
SEPTEMBER 29
or
January I
Sale Price Bid & Asked
& Pacific
&
ref
5s
1st
ref 5s series
C
ref 5s
3%s»1974
series
>
Pac Tenn RR of New Orl
,
1997
104%
104 ,104%
*107
107%
3%s————1956
3%s—,—i960
t§ARio Grande West 1st gold 4s__1939
A 1st cons & coll trust 4s A>——1949
;
4V2S series D
—>1977
3%s series H
„
1967
mtge 3V2S series I—
1967
mtge 3%s series J
——1969
Gen
107%
104 V*
102%
81
58
90%
58%
Vt 103
101
89 Va
*125%'.
95
.
66 %;
44 %
—
lllVa
107%
109 V2
46%
39V4
15%
15%
11
50
17%
16%
16%
12
19%
44Va
Ark & Louis 1st 4V2s
>1934
tARut-Canadian 4s stpd
—1949
j§ARutland RR 4Vas stamped—1941
*§AR I
3s
§Alst 4s
■
L
pr
78%
77%
>1955
stpd
Louis-Southwestern Ry—
1st 4s bond certificates
A 2d 4s inc bond ctfs__
Nov
I
36Vb\
106
1989
City & Pacific Div—Chic & Northwestern
Skelly Oil 3s
Socony-Vacuum Oil 3s debs
South & Nor Ala RR gtd 5s
South Bell Tel & Tel 3%s
3s debentures
-—
See
Ry
'100%
Pacific Co—
Southern
105 V*
43 Va "
100% 100%
1 1950
*100%
May 1 1952
—
*101
43'
*101%
May 1 1953
*101%
29%
30%
7
21%
;
Va
—1
—
—
29%
30
20
31
41
43%
28%
43
:
44%
40%
s
*101%
*101% 102%
101% 101%
98%
*108%
7
*->
98% 100
*106% 112
gtd 5s
93%
1st cons 5s>———;————
27y87'43%
61%
42 Va
59%
61
25
25%
23%
62
27
34 %
' 54
*»
101% 101%
»:
—
,
100
100%
102%
—
79'A
105%
103
100%
47
*103%
—
__
103%
105 V*
S-
37
106
106
»
W lOSt 7:
•
106%
>L'; I! 123
109
108% 109%
21
11
118
95% 101 Va
*100% 112
'•
»
94
85%
349
69
77%
175
66%
—
Aco
Wire
Ciass
%; 77%
150
VA 65%
76%
178
75
74
'
.
;
b 91V2
105a
29
87%
88
73%
92%
•
88
99%
»
109%
11
22
100%
113 Vs
18
lOOVa
107Vi
105% 105%
96
110% 110%
107
107%
17
*111
110
3
107%
111%
49
111%
60
103%
8
1C2V4 104
104% 105%
7
104 Va
106 Va
103
103
.
104%
102
;
<
*102% 103%
105%
105%
5
1G4% 104%
105%
103%
33
102% 103
*106% 107'A
—
»
107%
49
1
49
■
112%
106 Va
110%
110%
.
107%
102%
105 Va
1951
are
Mfg common
Associates
Aircraft
For
Inc
(N
Accessories
jIIII
CorpIII
footnotes
•,
disregarded in t.ho wpot-'o
AND
YEARLY
"—
«•«««.«
-
1
RECORD
■
Last
(Range since January l
2%
Sep
High
2%
Air
Sep
Investors
common
Jan
26
Mar
Sep
21
Jan
Air-Way
Electric
3'A
Jun
4% July
Alabama
Great
6%
Feb
10
Feb
10% July
6 % Sep
x8%
2
Jan
105% 106%
Convertible
preferred
Appliance
Southern—
Alabama Power Co $7
July
,
64 %
65
60%
60%
110% 110'A
105%
108% 109%
—
99
101% 102
65
60%
104% 105%
—
106 Va
105% 105%
106
II8V4
94
115% 116%
109%
93%
107% 107%
104%
II'
88
102% 103 %
106%
194
101% 102%
115%
84
'"101%
19%
"f"
110% 111
105%
84%'
65.%
9
105% 106
22
common-
B
Ainsworth
Air
co
-
107%
Friday
Supply Mfg class A
—
119
106
97%
85
Aow
/vome
118
89%
76 7
Sale Price
warrants
47
102.,.,
»
101%
83%
WEEKLY
Motors
102
103
sales
ACF-Brill
79%
44%
106% 106%
;V- 105% 109%
100% 10012
88%
73%
100% 101 V«
*99 Va
124
107
*126
*107% 107%
102% 102%
*100%
1959
Exchange
-
87
70
52%
70
70
105 V4 105'A
—
77
102 Va
102 % 102%
101%.
•'
•
1965
Curb
94%
107% 108 Va
Virginian Ry 3%s series A>._.—-
St Louis—
STOCKS
-
109%
105% 106
series D—
1st gold 5s.
Iron Coal & Coke
NEW YORK CURB EXCHANGE
York
99%
*112
—
Gen refund s f gold 4s„^
1953
Ref & impt mtge 3%s series B—1974
Ttxarkana & Ft Smith 5%s A
1950
New
»
—
».
'
61
25
1933
1953
—1959
>1950
1961
3s deb
—
*101% »
19517
;
Texas Company
3s debentures
__
*101%
debs—1959
f 4s series B—
Va & Southwest 1st
32%
43
1945
-
11953
—May 11954
>>>_—NOV 1 1954
—May 11955
1st & ref mtge 3s
72% •'
-
30
1st gold 4%S—2013
2%s debs
—1968
Oil N J deb 3s—
.
>1961
Terminal RR Assn of
-■
1 1952
Nov
2.60s
Cons
71% 't
68%
ASpokane Internat
Stand Oil of Calif
Coal Iron & RR gen 5s
103% 103 Va
Va Elec & Pwr 3Vas series B
<> b.t v'.
67%
1979
— >—.
108% 108%
104% 104%
Vandalia RR cons g 4s series A.
128%'
43%
gold 5s„.—1994
3% debs
Superior Oil 3%s aebs_
Swift & Co 2%s debs
108% llOVs
38 Va
103%
30%
series A_
Oil Corp
"
105% 106%
*100%
United Stockyards 4%s w w„—
104 %
i
1950
Devel & gen 6s
—>—>.1956
Devel & gen 6%s———>>—1956
Mem Div 1st gold 5s„
,
1990
St Louis Div 1st gold 4s
—1951
Southwestern Bell Tel 3%s B—>1964
1st & ref 3s series C_
.—1968
Southwestern Pub Serv 4s—1972
Tenn
30 Va
102
.—>7
.
106% 106%
105% 106
*100%
—NOV
-.
—
2.55s
-
65
—
Sunray
\
66%
——_——1949
A—>>—>1977
1968
—
1969
Gold 4 %s
—.——>1981
San Fran Term 1st 4s—
—
1950
Soutn Pac RR 1st ref gtd 4S—
1955
Standard
2%s debenture
2.50s
68%
(Oregon Lines)
Gold 4%s_,
Gold 4VaS——
Devel & gen 4s
103% 103%
100
92
35
•126%
1st 4 %s
Stamped
8outhem Ry 1st cons
105% 106
64
104'/8 104'A
104%
registered-
4s
'•
—
82%
38%
__
34%
Aug 1949
coll)
(Cent Pac
4s
*114
*107%
1971
——Nov
'
86
'
104Va ._>.:.'
debentures^-——1950
>1964
1963
1962
:
—
'
May 11949
1 1949
Universal Pictures 3%s
70%
59%
54%
1954
1961
1941
1952
7.'"
Sioux
*103%
__
Nov
—
——:
2.45s
;
106 Va
53
81%
55% ' 61
>1935
B certificates-*
Oil 2%s debs—.
2%s sinking fund debentures
i§ASilesian-Am Corp coll tr 7s
Simmons Co debentures 4s_
series
A6s
Shell Union
37%
97
106
81%
1989
1935
6s A ctfs
fASeaboard All Fla
39%
102 Va 102 Va
-May 11950
——
2.65s
.
1st gtd 4s
82%
103%
■
•
1950
—1950
1959
of deposit——
ACertificates
tSAAtl & Birm
37%
28 %
>
gold 4s unstamped.
6 A43 gold stamped—
§ A Refunding 4s
ACertificates of deposit
Alst cons 6s series A
5 A 1st
50
48%
28%
.
1971
1952
>1989
Depot 3%s B
Schenley Distillers 4s s f deb
Scioto V & N E 1st gtd 4s
tSeaboard Air Line Ry—
2.40s
36 Va
& unifying 5s
>1952
AGen & ref goid 5s series A
1990
St Paul & Duluth 1st cons gold 4s_1968
*§ASt P & K C Sh L gtd 4%S—1941
Paul Union
*103
'
SAlst term
St
2.35s
45%
32%
—
tSt
104%
81%
Corp—
—„:
2.20s
' 46%
33
lien 4s ser
ACertificates of
of deposit
2.15s
•
APrior
ACertificates
States Steel
2.05s
> ' 7 2.10s
>1959
A
——1950
deposit—
—APrior.lien 5? series B———1950
ACertificates of deposit——
ACons M 4%s series A,
>1978
104
37%
& land
United
Francisco Ry
San
JSt Louis
*72
*72%
——
Serv 1st mtge 5s
Rocky Mt & P 5s stpd
;
81 Va
RR—
Pacific
Serial debentures
deposit
St L Pub
t,
106%
*».
1933
stamped.
ACertificates of
'
80 Va
grant 4s
——1947
34-year 3Vas deb———
1970
35-year 3%s deb——>
1971
Ref mtge 3V2S series A—
>1980
United Biscuit 3% 3 debs——1955
United Cigar-Whelan Stores 5s—1952
United Drug 3%s debs
>1958
106% 106 Va
4V4S
Gulf Division
River &
•
79%
94%
>1959
debentures—.—1967
Union
1969
St Jos & Grand Island 1st 4s
1947
St Lawr & Adir 1st gold 5s
1998
2d gold 6s
—>>1990
tSt Louis Iron Mountain & Southern—
Ltd 1st M
95
94%
Oil of Calif 3S deb
Union
1st
Saguenay Pwr
94%
39
.
:>
Onion Electric Co of Mo 3%8
$6
preferred
preferred
Allegheny Ludlum
Steel"7%"~pfd"
124 Va
94%
J§4Union Ele.v Ry (Chic) 5s—>1945
.
High
115 Va
95
lllVa
*108% 110%
V
4s
ret
Loio
94%
—
*111 Va
—
Gen mtge
Gen
105%
58 Va
mtge
Gen
94%
*102 VI'
Corp—
Gas 81 Elec
Rochester
106
90%
Brass
Copper &
Revere
—
Rand deb
Remington
94
104
104%
1997
4%s series
Gen & ref
104%
Ry 1st
AAdj income 5s
January 1
Range
No,
94%
_—>>I960
——Jan I960
Tol & Ohio Cent ref & impt 3%s—1960
Toledo St Louis & West 1st 4s
1950
Toronto Ham & Buff 1st gold 4s—194Q
Trenton Gas & Elec 1st gold 5s—>1949
Tri-Cont Corp 5s conv deb A
1953
105
97
103 •' 103%
Sold
Bonus
Uiah
Pacific-Missouri—
Third Ave
103%
J.
D
&
Texas
>1951
Friday's
124 Va 124 Vi
—
1977
1979
_1980
B_
Gen
■v
2000
gold 5s—
series
Gen &
2%s deb.
Cent coll 4s
Gen & ref 4V2S series A—.
or
Low
Gen
Reading Co Jersey
Last
High
Low
Uiah
Week's Range
Sale Price Bid & Asked
Interest
Texas
Quaker Oats
Friday
Period
Stock Exchange
New York
Range Since
Friday's
Low
\
>
bonds
Week's Range
Friday
BONDS
Tew York Stock
Monday, October 2, 1944
FINANCIAL CHRONICLE
99% 100
*103% 103%
81VI
since
96%
95 Va
.96
Volume
THE ^COMMERCIAL & FINANCIAL CHRONICLE
Number 4321
160
EXCHANGE
NEW YORK. CU RB
Last
Curb Exchange
Range
Par
Low
STOCKS
Low
Goods
112%
Aluminium
Feb
31
Jun
Apr
31
Jun
California
31%'
27% Mar
35
July
6.800
19
Feb
115
Aug
18 %
Feb
20
Aug
13%
Jun
6J/a%
73%
74
9
50
1,200
May
73%
Jan
84
534
Apr
934
5%
Jan
7%
7%
73/4
1,600
930
434
Jan
7% Mar
9% July
Jun
103
Co
—5
20%
100
Feb
Participating
Canadian
preference
Industrial
Jan
2% Mar
220
<28%
Jan
12
3,800
5%
Jan
423/4 Aug
13% Aug
Convertible
class A———
23
A—.—_————————————————25
.-I
American Cyanamid class A—
10
Class B non-voting———;——10
44%
43%
45
300
38
Jun
45
Aug
Class
41%
41
41%
500
35%
Jan
42
Aug
Canadian Marconi-^.^
2%
500
13/4
Feb
Aug
Capital
38%
Feb
Carman
23
—25
& Co class A_
■
2%
Hoe
36%
35%
Fork &
18%
200
15%
Jan
19
32%
7.100
26%
Jan
32 J/4*
23
200
21
400
5%
Jan
225
34%
Jan
50
41%
Jan
7%
:
preferred—————25
American Mfg Co common—
100
51
14%
Apr
19J/2
Feb
34
16 Vt
119
25%
Apr
27
35%
Jan
54
88 J/2
51
July
200
19
26%
51
Feb
11,700
—.—-—100;
1
1% /
Amer
'
1st
■
11
Republics^
Seal-Kap
American
11
4%
common
/«•
$S series preferred--—
18%
3%
Angostura-Wupperman
—-1
Apex-Elec Mfg Co common————•
Appalachian Elec Pwr 4%% pfd.—100
Argus Inc i—..—————1
Arkansas Natural Gas common
—•
2%
4%:
151/8
Jun
25
v
105
800
.14
;
6
800
4%
3%
700
2%
400
23%
300
3%
Jan
class A
Common
23
$6
106%
Apr
3% :
3%
2,600
103/4
300
3%
'
3%
3
Aro
& Refining
Ashland" Gil
20%
19%
21%
10%
9%
10 3/8
6%
6%
73A
22%
-s.
Apr
Jan
American dep rects reg_;—•
£1
Associated Laundries of America——•
AbSociaied Tdl & Tel class A—
'53,4
Atlantic
Coast
42
42
Automatic
-1
Voting
14
—1
•
Products
Automatic
10
—.
Machine
42
2%
——-—8
common;-
Plywood Corp
Atlas
10%
93%
Atlas Corp warrants—,
Atlas Drop Forge
;■
;
7,500
9%
Apr
14J/4
7%
6%
8,000
14%
13%
7%'
2,700
3
%
Feb
7J/a
43/4
Jan
63/,
100
9%
"93/a
Avery (B Ft & Sons common-—:
5
,;.'y 6% preferred
23.:
Ayrshire Patoka Collieries——1
53%
93%
900
14%
.
47% May
2% July
1% May
5% Jan
3,700
14%
100
5%
.
10 J/4
8
Feb
9 J/4
Jan
25%
24%
20%
2.700
9
8>%
.9%'
9%
common
26
Feb
8%
9%
6 J/8
26.600
?>preferred——30:
los
de
Banco
Sep
July:
Jan
1,300
J/4
400
17 J/a
13%
8.700
12%
105% 10734
1,000
Jan
&
■
Corp————„__i
Seelig Mfg—
A
3%.
3%
3
3
common
Jan
4
Feb
8,200
.15'%". 16
Basic Refractories Inc—1
(L)
Baumann
5%
'
.5%
2,800
4
82%
10
65
16J/a
Beaumt Mills Inc common
$1.50 convertible
Aircraft
82 Vz
8V4
100
v.- 8%
'
'-i:'
preferred——-20
—1
common——
Canada——
'
,
25%
3%
■
2%
Jan
Feb
1.900
30
Jun
Blumentha!
Bohack
7%
Co
143/4
100
9%
10 y4
5.800
61/2
Apr
Jan
Jan
51%
I6V4
16%
1.100
10%
Jan
9%
100
9%,
28%
16%
16
23/b
.2
19
18%
12%
12
—1.
2%
3%
extended
c
to
1946
it
11%
1
U%
123/8
6%
900
1163% 117
2,700
30%
6J/a
—5
4334
43%
43%
1,150
'$5 prior preferred
Corp Am dep rets
....
$6 preferred. A
Petroleum
Courtaulds Ltd—
.
3%
Refining
preferred—
Lighting Inc common—
Curtis Mfg Co (Mo)————*—
110
2,50
10%
13 3/a
Feb
1%<
—
..._12%o
.
3%
Aug
Feb
20%
Jun
20
Feb
Jan
'
18 J/2 July
Jan
13%
4% July
debenture,,.
5,300
153/4
Sep
26
Jan
Jan
9IJ/2 Aug
3% Aug
7%
preferred
———;
Diamond Shoe common—
.Jan
27
0>v' Jan
.
May
v
Sep
Apr'
10 3/4
July
19 J/a
500
97 J/2 "Feb
110
Sep
Aug
10 J/2
10%
300
9 J/8 May
12
Jan
1 J/2
1%
12,600
1
.3%
3%
900
3
3
1%
1%
Detroit Steel
page
1429.
l3/8
l3/«
200
'%
Products——.
10%
Jan
24
10
20%
825
25,%
15,600
15%
163/4
%
834
100
27
'2719%' 25 %
700
8%
,_6
'
July
3 % Aug
25'% Mar
1 '/a
Apr
Sep
20% Sep
Feb
2%
2.50
Feb
Jun
15
>
19% Apr
3% Jan
1,900
July
63% July
Jun
:•%;
15
~
11
Jan
2
25
3,000
.
23%
20
•
36%
io 34
———
Diana Stores Corp
26
Jun
16%
Sep
3 »/4'
Apr
Aug
fi'A Aug
8 3% May
i' 2,4':"
Jan
^'21
15%" Jan''
Sep
300
6 'A Mar
12 Va
Aug
3%
33%
5% July
Jan
65
8%
78%
78%
9
Jan
82
Jan
135
5%
2,000
110
78%
100
15
15
Sep
^uly
36 J/4
900
43A
8%
:
27
v
Jan
10
113
July
-
10 3/4
Jan
May
July
79%
Feb
12% Feb
16
Jun
Jan
21
72
•
19
1%
.
■
5%.
27%'
Jun
July
1% July
6% July
"l%
2,200
5%
500
:
3%
Jan
27 'A
1 J/2
5%
500
20%
Jan
27'A
140
22
Jan
26
27
25'%
—10
25'/a
34
6Vs
10
—•
—i
Am dep rets ord
Jan
Hi/2
.
11%,
.
11%
-.
2,400
Sep
Aug
8'/a July
Sep
16
July
12J/4 Aug,
13% Mar
.
■; 9% Aug
Co
13
reg——
Corporation
Dobeckmun
——1
J/4
19%
Domestic Industries class A com——_1
Dominion Bridge Co Ltd—
Dominion Steel fr Coal B
9%
,19
"
5%
500
5%
Jan
21
2,600
10%
Jan
6
400
9%
5% May
223a May
l3/4 July
Jan
Dominion Tar & Chemical Ltd.
5%
Jan
Draper
6%
61/2
700
*
6%
Feb
6%
25
Jan
Feb
,
17
July
9% July
17
Sep
6% July
2534
Sep
'/a July
7% Feb
8
80
Aug
75%
—
50
67
32
50
26%
Feb
3 3'/a July
74
10
76%
32
Corp
Feb
81
Bnlnhnr
—1
•
Jun
8% Aug
Hosiery class B common—*
Duro Test Corp common
Omrol
Mar
"
9
•——-—
common
4
-13/4 July
i% Jun
,50
36%,
1,1%
4%
"4%'
——10
Apr.
Jan
Jan
1%
Distillers Co Ltd
Durham
see
3%
3% Jan
900
1 J/2
Detroit Gray Iron Foundry
—1
Detroit Mich Stove Co common———1
Apr
-Jan
Aug
9 J/4
Jan
.
200
25%
Duke Power Co
200
-
-
21
1%
88
28'/a Mar
%
—100*
De Vilbiss Co common,
1%
Apr
2% July
7% Apr
-22% July
800
,14
2%
Derby Oil & Refining Corp com,
*
A convertible preferred—;
—*
Detroit. Gasket & Mfg—1*
6 fo
preferred——.
—20
Driver Harris Co
Cable Electric Products common——50o
Voting trust certificates
—50o
14
Sep
800
25%
Dejay Stores,,,,
.1
Dennison, Mfg class A common——_5
$6 prior preferred
50
191/2 July
43/a July
U Feb
Jan
3'/i- July
36% July
9%
;':5.',;'V:
■
Feb
25c
s|}
Ju^
7% July
Jan
1,600
2%
_35
14%
.
17%
July
Feb
4,100
25%
20
Class A convertible
100
110
43/4
•
I9J/2
109
.
107
D
Davenport Hosiery -Mills,—
Dayton Rubber Mfg,;—cli—
18 J/2
—•
Apr
1% Jan
'
Jan
July
,
:
2
1%
•
10
common
Jun
'
14
|
23
2334
-
9%
_*••
Apr
1,000
.
25o
43/4 July
4,100
Jun
200
—25
2 J/4
'
1
•
17%
19
Aug
13% July
6
July
Jan
Mar
,
-
Apr '
v
2%
375
2%
31
23%
1%
5
Feb
"10 J/4.
2 J/2
23%
Jun
15 J/4
'
8%
115
,,
5% Feb.-:
■
.
400
2%
30%
1
International A
Crystal Oil
$6
100
83%
~2%
5
—
Crown Drug Co common
"
ft convertible preferred-
Jun
23-
37 J/2
;
6%
50%
% Jan
Jun
Jan
1%
9
900-
.
Aug
Sep
Sep
Sep
Aug
Aug
July
■
May
10
2%
,
Jan
12
1
31/4
18 3/a
"2%
Ill J/2
.
:
Jan
3%
12
__56
600
10
1,950
118%
-
Jan
;
7
,
,70
Jan
*.
common,
preferred,
4%
l8J/2
"*7'/a^
r
38
Jan.
9 J/4
130
6%
12% Aug
1% Mar
■V
-
3J/8 Mar
137/e
Jan'
773/4
Jan
Sep
1% Aug
Jan
dep receipts (ord reg)—£1
Cork
;Crown
Divco
common.—.
convertible
19%
.25
l|7\!
~7%
__1
—
Brewing Co
Crowley Milner & Co
Crown Cent Petrol (Md)
177/a Mar
213/4
;,
Sep
21-
32
•
1% May
.
12%;
Jan
Sep
900
1,600
12 >2
107
Jan
Power—
—,
'
414
——•
5 J/4
July
25 3/a
Feb
1,700
106•%
1
100
—
3/4 Mar
3%
13J/4
5
5V;
Jan
17
4%
(EL) Co common—r——S
Buckeye Pipe' Line;—
4—
——-
preferred
200
Bruce
$5
1st preferred
Blinker Hill & Sullivan
10c
;
Curtis
15 J/4
1
preferred—:
Co
11%
13
'
123/4 July
30 J/2
40
'
.
Feb
Jun
4%
Mar
71
V
Jan
1 J/2
•
Fdy & Machine Co
prior
Aug
4% July
47% Mar
-
•'
Jan
114%
Jan
8
Jan
113 %
10
16
'
V
Jan
6 J/4
25 3/a
1% May
100
-
9'A
Apr
104
60
■
*
21%
100
preferred—100
43%
Brown Rubber Co common——_1-
Buffalo Niagara & East
,1
4%
—1
——
Mining 8s Smelt Ltd
5
Jan
4
63%
1,300
1053/4 106
Sugar,
18
30%
6%
Textile
Jun
-
July
6%, Feb
"
•
% Mar
400
68%
6%
common————
9%
1,000
2%
9%
100
,1
100
Atlantic
Sep
56 %r
250
100
Tobacco
17%
3,700
—i—*'
Brown Forman Distillers.—
footnotes
•
1
67
Cuban
18% Aug'
A preferred.—i—————*
For
/
11%
~6%
—
1
2,700
2%
July
4
I-12.
32 J/2 .Aug
33 '/a
6 J/2
.2,300
19
28
^
Jan
3%.-Sep
.
50
1
;
1
%
—£1
—
H)
.33
.
J/4
Cuban
28 J/2
,
10
6% 'Apr
4%% series B preferred—:
4% preferred series C
Consolidated Gas Utilities
8%
Brown Fence & Wire common—
(P
1.900
3%
;
1—25
Croft
Sep
12 J/2
;
10s
British Columbia Power class A——*
Butler
"*3% "*3%
Jan
2% May
-
50
Jan
/■•' 18'% Aug
%, Apr
Tobacco-
CnrD—..
1,000
*
—1
Sep
500
17%
;.fc8% ~8%
.
dep rets ord reg——
Celanese Ltd*~
Biscuit
3%
11
1.000
' '1* '•
■
300
11% Mar
Jan
i
Amer dep rets ord reg—
Burma
11%
Sep
373/4
Feb
1/64 July
20% Feb
American
Mar
3
107
Jan
24
Am. dep rects ord bearer—--———£1
Biirrv
23J/2
11%
»•
Sep
80
23/a
v
/
Feb
73/4
40
105
150
10 J/21
.
—
$1.60
22%
11%
4.400
175/a
Jan
9
30% Jun
-775
3634
Jan
350
Creole Petroleum—
17% July
100
——
:
July
15% July
1%
1.000
•
Class
»
35%
16%
4
v-
2,200
5%
10
11%
~~tt- "H
Aeronautical
' Class B
200
/
693/4
1 iV
■
10% Sep
;
43%
14%
«ii.*:
—
——-
Feb
Feb
2.300
—
British
8 J/4
8'
Mar
l3/4 July,
Electric—
Cosden
15% Aug
Jan
12
2.300
Bridgeport Gas Light:Co-s
*,
Bridgeport Oil Co——-;
—•
Brillo Mfg Co common—U-—-—*
Class - A—
—*
British American Oil Co—
———*
Am
22%
ordinary
Cor; /On & Reynolds
Aug
2%
•
common——
1st preferred—.
preferred—
American
9
Jan
% Jan
24%, 25%
Sep
3
51%
16%
2d
British
Jan
700
18
Copper Range Co
Cornucopia Gold Mines
5c
'Coro Inc. d—__——————_*
;■
Sep
39
,
2%
14%
Brazilian Traction Lgt & Pwr—*
Breeze Corp common—i—
——1
Brewster
7
IJ/4
,;100
Cook Paint & Varnish Co
July
49 y8
Bowman-Biltmore. common;—
$5
12 J/4 May
111% July
9 J/2 Jun
68%
7%
Sep
2%
28
7%
Feb
Continental Gas & Electric Co—r
Jan
51%
•
103
Inc.—
6%
25
Continental
Apr
Aug
36
Apr
6%
10%
1st preferred—————100
Bourjois
400
68%
136% Aug
% May
7.100
14%
<S) & Co—
(H C)
2 3/b
Borne Scrymser Co———25
,
9
650
Consol
41/2 July
:
Apr
35
2%
•
< E W) common——1
Ridge Corp common—
1
optional convertible preferred—*
$3
9
——»*
Royalty Oil
Consolidated Steel Corp
19% July
28 J/2
/ Apr
21
200
26
3%;
2%
Bickfords Inc common——-1
Birdsboro Steel f dy & Mach Co com—*
Blue
10
Jan
1273/4
33/a
100
common
82%
141/4 Mar
& Hedges common—
—•
Convertible preferred-———*
Berkey & Gay Furniture—-——-1
Bliss
Jan
373%
8%
41/4 May
Jan
Apr;
6 J/4
10
—
Benson
Biauner's
1183/4 July
Jan
:
*
Consolidated
J.uly
.
5%
Jun
2%
common—•
1st preferred————100
Beau Brummel Ties—1
Bell Tel of
13
,300
82%
5%
1%
Bellanca
Jan
8 3%
85%
l
Consolidated Retail Stores
'
convertible
$1.20
92'A
-
Andes—
10%
i
90
10 J/a
36J/8
V t
9% July.
Jan
18 July
53'/a May
17% Mar
■
100
l
—
Jan
101
10 %
—10
—
July
.Jun
38% Aug
10 Ta Sep
1%
♦
Co——
Airlines
9% July
16
100
►
common-
Sep
1| Aug
,
116
.
Sep
1053/4
Corp
Co
;
.
5% July
9% July
Jan
13
13
'
Jun
119%
.
,
Jan
%
46%
36%
-41"% July
6%
500
6%
200
%
Jun
.July
,
13
Sep
44%
Conn Gas Si Coke Secur common—
'. / $3: preferred———^
—•
Consolidated! Biscuit Co
1-
'•
Sep
39%
1
Steel
Barlow
"
'
105,
,
July
9J/2
Jun
American 1 shares.;-——
Barium
34
Consolidated
warrants for
Baldwin Rubber Co common
;•
250
10%
10%
119%
..
Jan
Community Pubjic Service
,—25
Community Water Service—
:
Compo Shoe. Machinery—
/ .;
Baldwin Locomotive—
':
10%
Jan.
97
,
93/8, Jan
V
Apr
50
36
Jun
8% July
7% Mar
■100
5% preference -i———;
—100;
Commonwealth & Southern wariants—
,
25%
7%
900
112%
35%
——10-'
Utensil
Columbia Gas &
,
B
Wilcox Co—»
Purchase
t
1
Consol G E L;P Bait common
Babcock St
112%
112%
__«_4
Colt's Patent Fire Arms,
Sep
15%. Aug
.
9%
9 %
Jun
21%
Apr
'/a. Jan
.
13'/a
Colorado Fuel & Iron warrants-
25% July,
v
9
9^;
>
•
Development
Colonial
Jun
10% Aug
May
21%
Coal
Plow
8%, Mar
16 3%
33% Sep
8.900
4%
Jun
115 Aug
Jan
—^.100
Lights Inc.—
Aluminum
Colon
■
;
4'4
9%
17%
Cockshutt
Feb
10%
9
4%
300,
3/4.
4.
36 34
Club
Feb
121/2
Jan
31
25
.
2%
80
Jan
83/e
1,800
Neon
112
%
1
—
,
3% July
Jan
75
1
.—50
Fisheries——
Atlantic Coast Line Co
Jan
2% Mar ?'-:s
pfd—100
BirmA Coast RR Co
Atlanta
%
8% July
1% July
common-—
Controller Co—.;——
Clinchfield
July
7,
6% Jan;
•
:
Jan
19% July
Jan
8%
200
,-u'.
•
•
—50c
220
J%
11%;
11%
pf«J——100
Utilities
600
July
118
May.
3% May
7'/a May
119% Jun
96 Va May
4,900
xs
102 J/2 103
Cleveland Tractor common.
Sep
Associated Electric Industries?-?
/
102%
Clayton & Lambert
Cleveland Electric Illuminating—,;—*
Jun
■
.: 7%
preferred
preferred .B—
Claude
Sep
11
7'% Mar
1,000
1
Co
110
Light 7%
Consolidated Mining
Clark
10
Sep
10
48'/a
108%, Jaiji
125% Jan
200
Jun
.
26%
Jan,
May
114'% Mar
'
""734 1
~7%
—1
City Auto Stamping,.
City & Suburban Homes—
103/4 Aug
14
Jan
23/a July
7% Aug
pld—100
$6 preferred BB
43/a July
41/2 Mar
Jan
Jan
4,300
1,100
——a
Works common.
May
97%
10%
preferred.* •
Equipment Corp—.—
2.50
Art Metal
May
3
9%
Arkansas Powers Light $7
60c
Sep
113% July
8 J/2 Aug
Jun
2%
7%
3%
3%
non-voting——
70
7
7%
23'/2
Jan
5,200
1,300
110% 110%
no%
Jan
3
2% Mar
13
5%
Proaucts
Cities Service common,
53/4 Aug
■
.2%
..
Power
iChilds Co preferred
71/4 July.
,
Power &
Chief
17%
Apr
5 J,4 July
,
16
240
17%
5%
;
,
20
_l
cmeago Rivet & Macn__„
Sep
41/a Mar
2% May
5%
17%
Ciiambernn Metal Weatner
Strip Co—5
Charis Corp common,,.————»
Cherry-Burrell common.
5
Chesebrough Mfg^
„„w25
Chicago Flexible Shaft Co common
*5
Jan
20%
Jan
Jan
Ohio Steel
Central & South West
% July
.
111
May
3%
600
.4'/a
.
.
York
New
Cessna Aircraft Co
Jun
48
Jan
*
Jun
144
2.900
114% 115
115
——10
of America
Central
July
Apr
5 J/2
3%
5,900
'
19%
18%
r5%
2
—
iff
!
Apr ;;
Jan
10%
300
,
110% 110%
American Thread 5% preferred——5
American Writing Paper common
*
Anchor Post Fence
4%
Corp
24
;
Feb:
41
100
,
13%
Central
31% Aug
1,400
11%
4%
".;
%■
Jan
46
.
Co com———l.'
Central
Sep
40
*'——10
2
Superpower; Corp com10c
$6 preferred
-———•'
Potash & Chemical-
American
Sep
22%
American Meter Co-—————.
46
Hudson Gas 8t Elec com—*
Central Maine Power 7% pfd
—100
.102% Aug
1 % Mar
11 Sep
10,600
._*
Central
Aug:
;
(J W)
Jan
Jan
x23
•
( A M) & Co—
Catalin
Jun
45
17%
26%
Sep
Jan
Jan
1%
2.200
2
12%
Products—
Castle
Jun
25%
1%
1%
.
7'/a
Casco
Aug
200
19
31%
18%
6%
American
Carter
July
.100
19
30%
30 %"
Laundry Mach—1—-20
American Light & Trac common.—25
Co
39
Jun
•7%
100% July
Feb
144
——^.1
$6 ; preferred
Sep
.46
4%
.100
preferred——.w—100
Carrier Corp common—————»_10
7% Jun,
:
.
4%
.-.ClassB
.
■■■
.; 434 Mar
Carolina Power & Light $7 preferred^.*
Sep
■
American
Preferred
'■
4% '
«
———•
Carnation Co common———
July
114
Jan
44
38
44
107
39
7%
39
175
7%
Jan
18
voting—non
voting
Canadian Industries Ltd—
Feb
317/e
113% 113%
preferred
—————100
American General Corp common10c
$2 convertible preferred
——1
$2.50 convertible preferred—
1
American Hard Rubber Co
25
Maracaibo
Class A
Class B
Aug
1%
18
4% %
American
47
41%
32%
Gas & Electric———...—..»10
common
3 J/4
34% Aug
;
% Jun
3,900
;
200
•
American
;
37
warrants-
American & Foreign Power
American
;
,
& *tight—
Power
Class B^——
'
.300
2
Sep
20 '/a
100% July
City Products,.
Cities
1%
.
Sep
July
Alcohol-
1%
42%
10%
Mfg-,
Jun
7%
Ltd_
preferred
41
American
.
300
6%
Insurance:
Cement
11%
'Co_—,-100
Central
American
'
4
9%
6%
Corp
l
American Beverage common———!
American Book
•
33'0 May
9%
6%
-J.
Canadian Car & Foundry Ltd—
Jan
953/4
*
Ltd common—.—
Fire
Canada
preferred-,—.—100,;
6io
Camden
109%
12%
Range since January 1
Low
High
High
1
Power—1
Electric
Tungsten
600
12%
74
Callite
,100
19
•
Shares
—10
Calamba: Sugar
23%
111% 112%
'
Mfg
Industries commons.
Aluminum
22%
100
31
31%
,
Jan
100
25%
Jun
for Week
■Low
dep rets 5% pfd———£1
Estate—
American
8%
.——100
preferred
tj%
Aluminum
Par
■
Sales
Range
of Prices
& Wifeless—
Cables
26
22
Week's
Last
Htun
8% July
July
25%
————
Friday
Exchange
Sale Price
25%
26
Curb
Range since January 1
Mai*
Alles & Fisher common—
Aluminum Co common
York
New
Shares
6
——1
Allied inn investing $3 conv pld——•
Allied Products (Mich)——
10
Class A conv common—-—-—25
SEPTEMBER 29
for Week
.
of Prices
Sale Price
ENDING
Sales
Week's
Friday
•STOCKS—
York
New
VVEEK
FOE
RANGE
1425
3%
3%
3%
4% July
11'/a July
.
EXCHANGE
NEW YORK CURB
RANGE
ENDING
WEEK
SEPTEMBER 2!)
Week's
Sales
Last
Range
for Week
Curb Exchange
Shares
of Prices
Sale Price
Sale Price
Range since January 1
.
for Week
of Prices
Par
High
Low
Sales
Week's
Range
Lasi
Curb Exchange
York
New
High
Low
Par
Friday
STOCKS
Friday
STOCKS
York
New
FOR
Monday, October 2, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1426
Shares
Range since January 1
Low
High
Low
High
E
prior preferred
4%%
common
Co
Elliott
•
49%
49
95%
94%
98'/a
97%
Mfg Co.—
Fedders
Feb
Sep
12
200
Sep
Sep
120
30
103%
Jan
100%
30
100
11%
39%
7%
225
2,900
43
39
5,400
31%
July
12 %
Jan
Sep
International Metal Industries A
International Minerals and
39%
X42%
Warrants
July
Jan
7%
Sep
2%
3'/8
29%
34%
21.900
10%
10%
11%
1%
11.900
33 '/a
11% July
7% Jan
600
10%
10
9.800
3%
Jun
Aug
12%
Feb
16% July
14%
Feb
34%
11%
5 (4 May
64
Apr
22%
22%
200
19%
22%
m
22%
100
19%
23%
Feb
Co
Jeannette Glass Co
Jun
23% July
Jan
l.Jo
Feb
100
250
16% Aug
10%
Jan
51
52
130
37
Feb
75
77
50
58
Jan
77
3%
'
•
7%
preferred
5 %
100
.
Gellman
1
*
Mfg Co common
General
Alloys Co
Ltd—
Amer dep rets ord reg
£1
General Finance Corp common
1
5% preferred series A
10
General Fireproofing common
*
Gen
ias & Elec $6 preferred B_:
•
General Outdoor Adv 6% pfd
100
General Public Service $6 preferred—*
General Rayon Co A stock
•
General Shareholdings Corp com
1
S6 convertible preferred
_*
Gen Water Gas & Electric common—1
Georgia Power $6 preferred
preferred
$5
(A C)
Gilbert
Co
100
12
Jan
1,200
3%
8
..'
—-
18%
•£'.
74
'
'
.
Feb
6
Sep
Jan
'•
■
,
.
49%
25
112(4 112(4
25
49%
Jan
12
*
17
•
Kobacker
50
B
Class
84
July
2(4 Mar
Jan
8% -Jan
Jan
89
16%
50
*
class A__
Gorham Inc
Kress
1
•
preferred
$3
Mfg
Gdrham
10
1
8
common—
Grand Rapids Varnish
Co
Mfg
Gray
Non-voting
7%
common
100
25
*
preferred
1st
Northern Paper
Great
Greenfield Tap ft Die
;/•
preferred
Lime ft Alabastine
•
•
—
7% May
8(2 Mar
<
2,300
48
Aug
1
Feb
1% July
20
25
Feb
30(4 Aug
100
7
Jan
12%
% Mar
1,400
650
17%
100
7%
Jan
100
%
9%
1%
May
14%
51%
3%
3%
,;11%
10%
Sep
.13%
Apr
17%
Sep
Langendorf United Bakeries class A
1,725
37%
Apr
50
Sep
Lefcourt
9
Feb
104
Jan
Lane
15% Aug
Wells
.
\
'
™
•
Jan
5%
Jan
7% May
Jun
82 % May
30%
Feb
34%
Lionel
87%
Feb
Sep
Lipton
Jan
8%
Jun
Lit
9%
9%
400
7
Jan
11%
Feb
92
Feb
Jan
109
18
Jan
120
July
■
■
.
.
w—
'
132
•
Jan
93% Mar
136%
Aug
(R G) Inc
40
12
400
7,650
23
20
112
3%
3%
3%
-
9%
.9%
35% July
35%
250
29%
Jan
9(4
5,100
6%
Feb
9%
Sep
5%
300
3 % Mar
6%
Aug "
111%
108
110%
Jun
110% 110%
70
110
Mar
xll5
7%
100
6
Jun
12 ('4
Jan
Jun
111
Sep
Feb
124
Mar
Aug
Feb
23
5%
Jun
Jun
113
Jan
67% July
Jan
4%
%
%
16%
200
Feb
Feb
4
July
4
Sep
5% Mar
1,000
16%
55
2%
►1,600
800
',,'4%
v.
% May
1% July
Feb
4.6(2 July
15%
16
Mar
12
Aug
Feb
11
Aug
Jan
8%
16
21
May
100%
Jan
109% Aug
84%
Feb
96% Aug
Hi's
Sep
13%
7%
110
107% 108%
Jan
9% Mar
Jan
59% Aug
Jan
18% July
53%
52%
54%
830
•37
16%
16%
17%
3,400
12
3%
3%
400
3%
4 (4
600
3%
.
Jun
5
«j£in
Class
Groceterias
Mar
Feb
Steel
■
6%
ft
Louisiana
Power & Light
1%
Aug
27%
26%
Aug
29%
Jun
100
14
300
10%
Feb
24%
24%
100
22 %
Feb
25%
1,700
1%
Jan
3%
2%
2%
:,v
14
July
Jun
Jun
Aug
18%
Jan
23
17%
500
15
Feb
17%
10%
4,600
8
Jan
10%
Sep
1%
17
9%
10%
6,600
Feb
1%
Jan
Jan
77%
Aug
1
1%
75%
73%
75%
69
66
69
1
6%
$6 pfd
13Tb*. Aug
Apr
10
13(4
13%
•
100
100
Exploration
Land
Jan
400
13%
10
preferred class B
Louisiana
Sep
170
27
13"!
5
Chain
Gas Corp common.,——
5% Mar
40%
9,700
•
A
Apr
6(4
Aug
3
1%
1%
•
common
26% Mar
25
5
Inc 6% preferred
14(4 July
Jan
9%
600
4(4
Feb
110
Jan
21
4
4% Sep
Jan
Feb
500
14
14
2%
July
4
Jan
2%
105%
10
25
Long Island Lighting common
7% preferred class A
5%
5
Sep
Apr
56
1%
Lone Star
7%
35%
9
Sep
20%
45%
•
25
1
preferred
Development
Brothers
Locke
Jun
Sep
104
100
122
1U
4%
Oil
Loblaw
83
98%
20
•
(Thos J)
4%
50
5% July
120
5%
1
Corp
100
85%
Jun
425
•
Line Material Co
7%
85
Aug
2%
18
22 %
Realty common
Le Tourneau
7%
9%
4%
12%
Jan
1,300
11%
B
Leonard
i9o July
%
'
Apr
Jan
98 %
122
1
Co common
Convertible
Jun
110
x40%
1,400
200
Aug
1% May
—
5
100
11% Mar
A
11
2%
8,200
5'/a
98
98
s
1
Lakey Foundry ft Machine
Lamson Corp of Delaware
Lane Bryant 7% preferred
Jun
Mar
Feb
41%
Jan
20% July
5
1,300
4
11%
4%
■:;
5
100
1
(N J)
Lake Shore Mines Ltd
10%
20
41%
July
% July
,
Jan
.
Jan
t
L
RR
Lackawanna
16
•
•
Aug
20
18
1.
Co
Brewing
Jan
'
■
■
3
>
100
1%
1(4
28% 30
10% 10%
'■■. A. ♦
U
19
20
1%
Jan
49% July
50
49%
9%
1%
Aug
200
100
10
9%
600
%
—
Stores Products common—25c
Gulf States Utilities $5.50 pfd——.*
$6
7%
re.2(4-, 2%
19
19
500
%
'
Grocery
Gypsum
Jan
19% July
•* /
—
Jun
106% May
13
107
*
stock
Jun
19%
Apr
■
Aug
Jan
ft Pacific Tea—
Great Atlantic
;
special preferred
(S H)
Kreuger
■
113% July
107
12%
12%
107
1
*
Mines
preferred
18,100
17%
47%
10%
Apr
16%
Sep
12%
51%
Mar
10
;■■
'
Jan
16(4
.
*
•
preferred
Goldfield Consolidated
Inc
Stores
Koppers Co 6%
Class
$7
common
Kresge Dept Stores—
* r
4% convertible 1st preferred
100%
100
'
*
Godchaux Sugars class A
Knott Corp
Aug
111
1,650
14%
12
7%
4,800
•
10
1
—♦
100
(D Emil)
Aug
51% Mar
11%
14%
,15% Jan
—
1,000
—1
M Co Ltd
Co common—
Kleinert (I B) Rubber Co
21% July
Feb-
41%
■
Gladding McBean & Co—
Glen Aldeu Coal
Petroleum
Kirirland Lake G
Klein
2% July
75%
.50
87
86%
17% Aug
20% July
—:
300
100
100
—1
..J
Products
101%
1%
300
Jan
5
136
Jun
■
1%
7%
122
pfd
Lighting 7% pfd B—
preferred D
Kirby
#•
8 % May
%
"
1%
600
27
9%
18%
*
Kingston
July
79%. Jari
——
,
•
16
Jan
115
10
Aug
16%
preferred—100
'
101% 101%
Aug
19
—
*
5%
Jun
Jan
14%
300
18%
18%
,
101%
Aug
89
100
•
Kings Co
.1% July
Jan
12%
*
63
106'/a 108
Inc
Kennedy's
Jan
3%
Jan
300
5%
5%
5%
,
Aug
K
Jun
.
•
—*
•
common
Preferred
Gilchrist
1%
1%
15
15
•
•
*
preferred
8
Feb
15%
1%
Gen Electric Co
$3
500
2%
2%
3%
Feb
102% 102%
—
Kansas Gas ft Elec 7%
Sep
78
Feb
70%
'
Jun
Jan
—
Ken-Rad Tube & Lamp A
*
common
Feb
3% Aug
Jan
108
Kimberly-Clark 6%
Co
Power
70
Apr
77%
—
Key Co common
Gatineau
Feb
66%
Jan
1
14%
250
102%
preferred
Julian & Kokenge Co
52% July
'
•
—
200
100
49%
17% July
77
—100
:
18
550
52
J
\
4% July
Jan
3%
17%
16%
—
Jan
450
—
Central Pwr ft Lt 5%% pfd—100
preferred
100
7%
July
16'/a
17%
1
Co
stock—
convertible preferred
3
30
Aug
(F L)
-
Jersey
Sep
17%
3%
*
(Geo A)
23
850
27%
26%
5%
Jan
2
27 %
114% Aug
42 %
1%
9(4
17%
% —:
7%
7%
2%
19
r'—
1
—1
*
Aircraft Engine Co
Jacobs
6% July
6%
——
25% July
Mar
106
July
Jacobs
22%
11% July
Feb
46%
—
2%
—
' —*
1
Jan
56
Sep
Apr
4'/a
1.000
5%
5%
50
140
1
-—•
9
15%
—'
'
13% July
86
18%
...15%
shs—•
,
13% July
22%
54
Jun
Apr
Apr
25% Mar
56%
5 (4
100
—
6%
5% Jan
10%
11
200
55%
.
9(4
coupon
Sep
Apr
July
84%
18%
85%
Chemicals—
Irving Air Chute
Italian Superpower A
Sep
25% Mar
**
1,200
2%
—;
,
_
10'/2
12%
11%
10 %.
—
55%
,
.
shares
—•
International Products
.10
International Safety Razor B_
*
International Utilities Corp com.—15
$3.50 preferred
1—-50
Interstate
Home Equipment
1
Interstate Hosiery Mills
.
•
Interstate Power $7 preferred
•
Investors
Royalty
1
Iron Fireman Mfg voting trust ctfs—*
Apr
43
Feb
1
__
Registered
Sep
34%
4%
18%
13
110% 110%
—
—
International Petroleum
July
27% July
7
Jun
53%
50
•
series
$3.50
Preferred
1% July
41
;
100
Feb
44
9%
International Hydro Electric—
Sep
100%
100
--
.10
•
International Cigar Machine—1
Aug
51%
Jan
—
of North America
14'/a
10%
15%
11%
11%
10%
—-
,l.-i..
—1
preferred
7%
Insurance Co
Aug
121
1% Mar
5.900
Common
July
14
Sep
42% Mar
8%
1%
1(4
11
38
Feb
53%
Jan
;
100
preferred
Industrial Finance v t c common
1(4 Mar
Jan
11%
7%
65 % Mar
% May
30
1%
conv
4%
98%
100
.8
Froedtert Grain &
Fuller
Jan
100
-10
Distilling
Malt common
Co
Sep
120
-—
of France—
Amer
dep rets bearer
Fox
(Peter) Brewing new
Franklin
95%
Jan
9%
:
11%;'".
11%
£1
Indianapolis P & L 5(4% preferred.100
Indiana Service 6% preferred
100
Sep
Jan
46% Apr
200
58%
11%
83%
400
Jan
Jan
43 %
—.
;
•£
coupon
Ireland
Sep
88%
1.400
Motor
Ford
16 %
7%
23.400
400
voting
B
Class
9(4 July
Jan
5
n
3
non-voting
Class A
48 %
Jan
35%
1.300
46 %
Canada—
Motor of
Ford
(Can)
V
:
.£1
•
Imperial Tobacco of Canada
—8
Imperial Tobacco of Great Britain &
33%
12
•
(Phila)—
Ltd—
Industries—
Imperial Oil
1
rets ord reg
dep
Am
Chemical
dep rets regis—
Aug
8%
1
Association
Ford Motor Co
Am
Aug
52
ia
ou
1
Metallurgical——-
Fansteel
Imperial
52
Jan
4(4
700
2,300
10%
__
Jan
2,500
53%
% 13%
13%
•
Co
33(4
33%
33%
10°
—j-
Fairchild Camera & Inst Co.
Fairchild Engine & Airplane.
Falstaff Brewing
Sep
1%
% Mar
Zinc
33%
300
.
98'/a
58%
—£0
common
Illinois
25
11
95%
—-*
Eversharp Inc
Sep
14% May
1«
Pipe Line common—
Eureka
Aug
31
Aug
10%
51%
—
-
*
12
10%
10%
50
—
ctfs
arrear
225
8%
*
.10%
10%
•
Inc
Esquire
44
Jan
•
common
preferred
conv
Jan
700
38(4
37
8
-1
Derrick
Equity Corp common
$3 convertible preferred
Emsco
5%
Dividend
Registered
>7%
————100
participating stock
& Equipment—
—5
Power
Empire
$3
"l%
49%
49
preferred
5%
Fire
"l%
conv
Empire
Aug
75
32%
400
41%
.
•
*
5
*
—
Illinois Power Co
2% July
Feb
Jan
49(4
preferred
———50
District Electric 6% pfd—-100
5%1o
1%
56(4
49
"l%
\
•
400
675
24%
25
Corp————•
States
preferred series A
$6 preferred series B
_/
Eastern Sugar Associates—/
$5 preferred v t c
Easy Washing Machine B
Economy Grocery Stores
Electric Bond ft Share common
$5 preferred
$6 preferred
Electric Power ft Light 2d pfd A
Option
warrants
Electrographic Corp
Fifin National Watch Co
.
$7
2%
721/2
40%
41%
100
preferred
Eastern Malleable Iron
6%
eastern
2%
71%
•
100
Fuel Assoc common
Gas ft
East
-
!i
300
51
1,375
49
Jan
70%
Sep
Aug
6%
Feb
8
May
109%
Jan
113
May
32
July
1,300
6%
6%
*
10
7%
May<
Lynch Corp
30%
_fl
common
30%
150
2%
26% Mar
2.400
M
Hall
fl
Co
Lamp
Bridge
Hamilton
Hammermill
Ltd——:
Co
9(4
9%
2,200
24%
300
Lights,
trust. ctfs
25
1
1%
400
5%
Jan
•;./ 4% Sep
24
10
Paper
Hartford Electric
9%
—*
xl9% Mar
47
Jan
9% Sep
5
Jan
27
July
52
Aug
2% July
2%'
optional warrants
Manati Sugar
H
Mengel Stores .....—...1
$5 convertible preferred—
•
Mapes
Consolidated Mfg
Internat
Co Ltd
Marconi
——£1
•
„•
Margay Oil
2%
Jan
4(4
Apr
Hat Corp of America B non-vot com—1
5(4
Apr
7%
Jun
Mass Utilities Association v
100
26(4
Apr
3%
Jan
30
41%
Jan
1,500
6%
Jan
Harvard
Corp.
Dept
b%
—
Mining
—
1%
27%
27%
45
45
5
__50
__
Co
25c
Rubinstein—
Helena
1%
—
Stores common—
preferred
Hecua
Co
Brewing
Hazeltine
Heam
voting
7%
15%
•
—.
7%
7%
100
16
1%
10
11%
Heller
Co
ft Co participating A
Common
—.
—l
.
Hewitt Rubber common—.
Heyden Chemical common—
Hoe
(R)
& Co
Horder's
Hormel
Horn
;
—.
C)
Co
ft Hardart
&
*
preferred
Hubbell
(Harvey)
Oil &
Hummel-Ross
.
Fibre
Ligonier
Co
„
Electric Securities
Svgrade Food
For
200
2,200
18
May
200
24
Feb
10
700
14%
150
14%
36
1.
—50
footnotes
see
fi
page
1429.
8% May
13% Mar
Sep
16%
Aug
22% July
32
Jun
11%
Jun
15%
Jan
Jun
13
Mar
33
Jan
40
May
3%
116
30
28%
30
725
25 %
110
Jan
Apr
30
Jun
113%
Apr
19%
20
400
17%
Apr
20 % Mar
39%
2,100
38%
Sep
45%
7%
7%
800
4
Jan
8
Sep
July
Jun
6%
3%
22%
Jan
xl 1%
900
2%
Jan
4%
23
150
20%
Jan
12%
200
~3% "3%
22%
3% July
12%
9%
Jan
29% July
3% July
13%
Jun
Jan
Co
Stores
Chapman
Warrants
common
ft
.
Scott——
■
7%
6%
11
;
400
6%
60
5
4%
♦
78%
*
9%*
78
78%
•8%
10
—
104
100
2%
104
.150-
.
13.200
•
3%
3%
9.600
■■3%
•3%
3(4
3%
100
%
99
2%
3%
8
1.100
1
1
6%
10%
11%
12% ?
67/a
12 y8
2%
2%
2%
11%
11%
11%
_•
•
50
——^——..10
Co
Tiping
&
Supply—
4
Jan
May
Jan
44"
Aug
116
Mar
2(4
Apr
4%
Apr
U Mar
4 %
July
~
8% Aug
1% Aug
7% July
1.100
900
3.900
26%
26%
350
~8% ~8%
400
22(4
50
26%
Z
22%
6
Jan
5(4
Jan
10%
8
Jan
13% May
1%
Jan
3% May
9%
Jan
12%
Aug
9
300
100
Jan
10(4
Sep
Jan
25%
23%
Apr
30
1% May
Abrasive.
Oil
Sep
3% Aug
Jan
20
10%
Steel Products—
dividend shares
Sep
Aug
Jan
600
common
2%
110
i>,:
300
3%
$2 non-cum
10
Jan
Sep
1%
Sep
July
36
7%
Midvale Co
81
Jan
6
-'•*
July
4% July
Jan
110
2.50
•
"
13
162%
Jan
41
Sep
Jun
8% July
Jan
Jan
138
900
125
8%
8% Mar
700
Bumper Corp—1—...—1
Mid-West
2%
•'v.:
3.100
Jan
1% Mar
IjV Jan
4%
4%
10
6%* Feb
162-% 162%
£.
26
Jan
400
11%'
5% Aug
Aug
100
1 -'
7%
162%
,.
2
Michigan Steel Tube.—
Michigan Sugar Co.—
Preferred
L
Midwest
~7%
—
—
A preferred
Michigan
Midwest
1
'
11%
100
Messabi Iron Co—*
1
Metal Textile Corp..——
25c
Participating preferred
L—.15
Metropolitan Edison $6 preferred—...•
6%%
8%
9%
..
4%
1.300
9%
,*
1
33% Mar
Jun
17
'
*
Midland
119
Jan
Sep
Aug
31% May
*
—
Jun
July
Aug
•
—
10
Micromatic Hone Corp..——
.1
Middle States Petroleum class A v t c.l
Class B v t c
—
1
Middle West Corp common
5
Midland Oil Corp $2 conv preferred
•
6% Aug
38%
*
Products
Jan
4%
12
5
•
1
1
Huyler's common1st preferred
Merritt
16%
35
5
•
Corp...
Mercantile
Sep
Aug
1
c
Memphis Natural Gas common—.
May
May
t
Dredging
Mead Johnson &
24
28%
9%
Harris common..
Radiator ft Mfg B
12
21%
14%
9% July
Massey
McCord
McWilliams
13% July
16%
.100
Inc
Refining
3%
July
Jan
Mar
20%
•
Baking Co—
Hardart
Humble
Hydro
~9%
•
1
common——.
Umrn
Hussmann
a
*
200
4%
•
& Co common—
Horn
5%
16%
21%
M
4%.
Jan
7% July
48
19
27%
5
10
Inc
(Geo A)
(A
4%
——2.50
class A
Hollinger Consolidated G
Holophane Co common.
12
•
30
Jan
9% Jan
2
common
Henry Holt
Feb
12%
90
5
1
Rayon
Sep
Jan
Feb
81
•
Corp
Marion Steam Shovel———
Hartford
2%
1%
5%
500
12
Marine
Communication
Co...
11%
12
8%
Jan
15%
Jan
2%
9
22%
Aug
Sep
July
Aug
July
Sep
;
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4321
160
;
1427
/
NEW YORK CURB EXCHANGE
-RANGE
Friday
Curb
York
New
Range
Exchange
Bale Price
•
1
Refineries
Mid-West
Minnesota
Pwr
Mfg.
Mining &
Minnesota
pfd
Light 1%
&
Corp..
Monroe Loan
•
•
•
5o
10
Ward A
Montgomery
Montreal Light HCat
& Power
Moody Investors partic pfd
Mountain City
Copper common
Mountain
Producers
Mountain
States
Mountain
States Tel &
;
Power
Tel
•
2%
*
Muskegon Piston Ring
Muskogee
Co
common
900
10
Aug
Phillips
Packing
Securities
9%
-.
9%
3%
—
July
Pierce
115%
Jan
11%
Jan
28%
14
3,200
1,600
173% 174
•
38%
Sep
12
Pltney-Bowes
July
Pittsburgh & Lake Erie—
2% Aug
Pittsburgh
May
Aug
178% July
Apr
28%
19
Feb
15%
175
38%
July
165
140
8
Jun
38%
Sep
700
1% Jan
2
600
5%
6% July
22 %
50
127
10
xl31
22%
Feb
18
Sep
136% July
Apr
Inc
Polaris
Powdrell
Aug
Pratt
11%
Jan
14%
Sep
Jan
10% Mar
Jan
80
14%
250
64
Mar
& Lambert
Gold
Corp
National
common
of
America.
of Nevada—
Corp
Breweries common
preferred
Candy Co
National City Lines common—
Steel
12
_
xll
National
Oil
Navarro
Nehi Corp
Nelson
Jan
12% July
7% July
Jan
14
12
preferred
100
•
5
9%
.
Corp.
(Herman)
Neptune Meter class A__
•
Nestle Le Mtir Co class A
Apr
12
Apr
Feb
8%
Jan
9% July
1,200
11%
Jan
24%
A,
J,
'
2 Va
2%
4,600
1 Va
5%
900
3%
Jan
112% 112%
50
13%
Jun
5%
v
26
Sep
2% Aug
7% July
8%
8%
8 Va
114
6%
88
England
New
Haven
Tel Si Tel
9%
Clock
New Idea Inc
New Jersey
&
Arizona
Y
18%
19
60%
Auction
Co
63%
Y
Y
Si
N
Y
N
Y
,
Power &
preferred
$6
N
Jan
7%
Apr
Jan
64%
Sep
Feb
21
Aug
Apr
109%
Jun
Jan
13%
Sep
20% July
64% July
Apr
3%
Jan
Feb
Mar
35
35
Mar
3% Jan
4% July
Jan
10 % Mar
29%
300
21%
Jan
30%
Sep
14%
14%
200
11%
Jan
14%
Sep
114% 115%
115%
60
112%
Jan
102
117
•
State Electric & Gas $5.10 pfd.100
Water Service 6%
Y
100
pfd
100% July
Jan
Jan
Niagara Hudson Power common
5%
1st preferred
2d
5 c'c
Class
Class
preferred
optional warrants
optional warrants
A
B
A
preferred..
5
100
•
Electric
Noma
1
5
B
Mines
Nipissing
—.—
3
6%
Utility Securities
Central
1
North Penn RR Co
50
Northern Indiana Pub Serv 5% pfd—100
Airlines
Northeast
Northern
.....
States Power
Novadel-Agene
*'May
111
Jan
60
May
75
Jan
72%
72%
2%
Apr
225
74%
Feb
86
May
77
72%
—
40 ' ;
——v.,'
,
25
class A
Corp.
65
Apr
5% A 5%
5%
300
5%
-
105
a,;/. ^
Jan
Jan
Vjf Mar
6% July
Jan
Jan
Jan
Sep
&
'
.
11%
1,300
10%
Jan
13%
300
9'A
Jan
12%
Ai-
2,500
1%
Jan
2%
Feb
lO Va
1,600
4%
Jan
9%
%
2
34 >A
300
33 Va
...
34%
200
"l%
Quebec
.
104
•'
50
104%
14
14%
common
Brass
Edison
Co
Ohio
Power
Public
Ohio
6%
1st
class
4
B
•
common
*
100
1st pfd
100
-—..100
$6
preferred
4%% preferred
Service 7%
preferred.
Oklahoma Natural Gas common
Oliver
15
4%
—
110%
114%
4%
22%
110
4%
Rochester Gas & Elec 6%
July
37
July
.V.
—
54% Mar
Jan
1%
Aug
Jan
5%
Apr
Jan
12
Aug
113
July
116
Mar
Sep
23
104 %
Sep
Jun
15% July
Jan
7%
■
27% Mar
600
Overseas
112%
Feb
120
112
116
Aug
18%
Jan
Feb
111% 111%
26%
27%
10
1,800
Jan
117
July
108
Jan
113
Jun
18%
6
Jan
Aug
27%
9%
9%
& Pendleton Inc
Cable
Rome
Corp
common
Roosevelt Field Inc.
Petroleum
Root
Co
preferred
convertible
Royalite Oil Co Ltd
5% %
Co
7% Mar
100
Feb
9%
6%
J an
9% July
Sep
1st
•
1st pfd
13%
13%
200
13
Jan
15%
25
common
Elec 6%
&
36%
37%
1,300
35
Jan
38
33 %
33%
400
32%
Jan
35% July
106% Mar
109% May
;
25
Pacific Lighting $5 preferred
•
Pacific
Pacific
preferred
Power
&
Public
SI.30
1st
Light 7%
pfd
Service
Parker
Motors
Pen
5
83
7%
Corp..
Rig &
Reel
___l
,
Power
S6
&
preferred
Penn
Salt
Penn
Mfg
Traffic
Class
$2
A
pref
conv
common———.5
Paper
Regis
Salt
Oil
Dome
Co
*
preferred
$6
Steel
Co
Penn
Water
I.so
182%
Co...
—
&
50
5%
Shoe
Selby
1
•
*
13,700
»
56
Serrick Corp class B
Perfect
Circle
Co....
_
Pharis Tire & Rubber
Philadelphia Co
For
common
footnotes
see
page
9%
.6
Feb
Sick's
1429.
Breweries
Co
Silex
convertible
$3
Ltd
;
104 Va
Jan
15%
17
Jan
14% July
13% July
July
Aug
May
82
300
Simplicity
Pattern
Manufacturing Co
Singer
Apr
9
Jan
9
July
6%
Jan
34
Jun
16%
Jan
22
Jan
Apr
Jan
85% July
157
May
11% July
1V4
Apr
475
12%
Jan
1 Va
2.10U
22%
23%
2,000
Jan
A
40
July
15%
■
Jan
1%
16
Jan
July
1% Aug
42% July
"23%
Sep
52
52
90
52
Sep
39%
43
6,400
12%
Jan
44%
Jun
1%
2
1,100
1%
Apr
2%
Jan
26 %
July
1%
Mar
48
25
25
100
21% July
12%
12%
100
11%
Jan
6%
38.800
3%
Jan
6 %
Sep
Jan
16 %
Aug
~~% ""%
300
11 May
1 % Mar
3%
3%
1.100
2% May
4% July
%
lo
600
Va
Jan
50
105 Va
Jan
6
6%
11
"
3/4
108% 109
108%
12
12%
12%
100
2%
2%
600
6% ;•
7Va
1.000
Feb
15%
Sep
Feb
14 Va Aug
3 Va
July
9%
*4%
4%
10
9
-7 '
100
4%
5.700
lOVa
3%
4
9%
12.700
6.800
4
Apr
8
Aug
Jan
19
Mar
18
Jan
8
Jan
10
May
3 Va
Jan
4%
Sep
4% May
10 Va
Sep
17%
—
.
2%
5
Jan
l'/a July
109
16% Aug
~7Va
■7
Aug
10%
13% July
l'/a
Jan
4% Aug
C1
14%
14%
:':7
14%
2% Mar
225
11% May
4 Va May
6
5%
6'/8
25.700
8%
8
8%
2.200
5 %
42 Va
2%
4%
800
2%
500
2%
2
18%
~27/8
5%
43%
42
1.000
18%
3
300
July
6% July
10% July
7%
Sep
2%
Jan
6 Va July
Jan
46% July
32
1%
14
Feb
Jan
5.700
1%
Jan
72
74%
625
50%
Jan
33
33
3% July
15
33%
1.400
27'A
Jan
2% July
19
July
3'A May
75
Jun
35% Aug
114
Sep
114
Sep
64
Feb
93% July
9%
Jan
12% Mar
2%
Apr
4%
40
Jan
48 Va
1
Jan
2 %
1.600
6%
Jan
July
11 Va July
Feb
22
82
84
240
10%
10%
500
100
84
2%
2%
9%
2%
10
4.900
Sep.
Jun
100
16%
1
lVa
3.300
_%
Apr
July
IV* Mar
9%
9%
400
6%
Feb
10% Aug
73%
73%
50
67
Jan
81 Va
Aug
Jan
80 %
Aug
19
19
9%
Jan
lVa July
Jan
6
Aug
10% July
100
%
6%
%
Apr
1,500
2%
Feb
3%
3%
3%
3%
12 %
12%
12%
100%
Jan
50
Jan
3%
13%
200
12
Apr
900
91%
Feb
104
110%
98% 101
Apr
115%
Apr
Jan
Aug
Feb
12
Feb
15% July
*
21
Aug
21
Aug
13 %
Jun
16
Jan
26
Jan
32
Jun
Jan
4
July
Apr
275
Jan
2%
dep
256% 259%
100
rets ord regis
£1
City Gas & Elec 7%
pfd
4%
4%
4%
40
229
1,700
2%
108
100
Feb
Jan
12 % Mar
4%
111
16%
Sep
Jan
Jun
May
34%
Amer
Sioux
Smith
(Howard)
Mills
Paper
Mar
Solar
Aircraft
39
Sep
Solar
28% Aug
4% Jan
Jan
Sonotone
5%
Jun
Soss
76
Coast
Corp
Penn
Oil
•
Manufacturing Co
33%
106% 107
90
94%
Jan
109
Sep
Southern
20
90
Jan
182
75
160
Jan
104% Aug
184
Sep
43
Jan
54
Sep
3%
68
125
Jan
Jan
7
Jan
8% May
158%
36
9%
common
6%
:
Southern
preferred—.
Sep
Southern
Southern
Southern
Southland
New
Power
Pipe
England
class
4%
Jan
8% Aug
3%
800
2%
Jan
3% Mar
40
Apr
45% July
28
Mar
31
37
Mar
44
3%
40%
41
41
200
Co...—
Apr
July
A
30%
200
74
.
~7%
73%
1%
75
300
200
32% Aug
Jan
31 Va
Feb
2
July
67
Jan
77
July
July
130
Jan
1%
Jan
7%
1,400
n
n
500
5%
Jun
7%
8%
7
10
5
Apr
29%
121
1%
25
100
10
Sep
29%
30%
25
Telephone
Co
Line
Royaltv
400
7%
100
Phosphate
8
2%
.25
_
preferred
Aug
3%
2,200
29
preferred series C.
Colorado
6% Mar
Feb
5% "
2%
,
preferred B___
Mar.
Jan
5%
2%
10
EdisOn—
California
Jan
3%
2 Va
5%
25
".
Line
Pipe
original
5%%
Sep
common
4% July
2%
900
1,900
4Va
4 %
1
.1
1
1
Corp.
Pa
4
1
._
5 %
Jun
11% Aug
Co..
Manufacturing
Southwest
500
71l/a
149
Manufacturing Co Ltd—
Sep
South
1,000
10
1
common
Singer
83
Sep
100
Jan
•
20% May
Sep
1,350
8V2
'
preferred
Jan
Aug
"9%
14 Va
Jan
11%
•
common
2%
10%, Xll
Jan
93 %
Simmons-Boardman Publications—
45%
~9Va
10%
125
100
Canada
of
Feb
31
Xll
3,900
100
•
series AAA
pfd
cum
Jan
156% 157
13%
25
common
Sherwin-Williams
Mar
_•
~i
Jun
•
5
Mining
Denn
%
56%
Sep
118
100
1
1
Seton Leather common
100
54
xlll
5,000
—25
80
2% Mar
100
...
Aug
% Sep
Jan
certificates
Safety Control
Sentry
7%
Co.—
10%
x8
Apr
1%
1
5
prior stock
$5.50
Allotment
600
2.50
Power Co
Mfg
6% Apr
7s,a Mar
Va Mar
69
Co
Selected Industries Inc common
Convertible stock
2
■
Pepperell
200
10
*
Inc
Bros
44
182%
Jan
3
Lock & Hardware
Seiberling Rubber common—
South
1%
%
ti2
15%
•
common
Segal
102% 102%
106%
com—
Co—
38%
44
1%
A
200
5 %
Sep
700
■77
•
50
Lawrence Corp Ltd
64%
~5%
Light $7 preferred—•
I;..
&
18%
38%
•
•
Elec class
Aug
32
18 %
___*
1
Jan
107
24
18%
Pennsylvania Edison Co $5 series pfd_«
S2.80 series preferred—
_•
Gas
19,600
__25
Pennroad Corp common
Jan
Jun
July
6% Mar
8
1
Plymouth Mills.
Telephone common
preferred A.
Penn
10
10
Patchogue
Penn
7%
83
Jun
13 %
£
St
19
•
Peninsular
$1.40
96%
*
Co
Parkersburg
270
•
common
Pantepec Oil of Venezuela Am shs
Paramount
1071% 108
100
preferred
Page-Hersey Tubes
33%
48Va
Jan
41%
■
5%
Can
July
Jan'
52
1
•
1
Aeronautical Co
Consolidated Petroleum
Ryerson Si Haynes common
Ryan
Ryan
Sherwin-Williams
Gas
1 ."0
Sep
Jan
VA
2%
Shawinigun Water & Power—
Pacific
13
%
*
,
Russeks Fifth Ave
Shattuck
Pacific
July
Sep
8
1
Securities
Feb
107% July
1
Omar Inc
4%
24% July
50
240
•
United Filters B
3% May
22%
115
27%
34
15'A
23%
10Q
*
5
5
1
—20
pfd D
—
__
26 Va .Jan
Jun
6Va
VL' 7
•
Raytheon Manufacturing common—50o
Red Bank Oil Co—
1
Reed Roller Bit Co,
*
Reliance Electric & Engineering
5
Republic Aviation
1
Rice Stix Dry Goods
*
Richfield Oil Corp. warrants
Richmond Radiator
1
Rio Grande Valley Gas Co v t c
1
—1
Samson United Corp common—-—.—1
Sanford Mills
*
Savoy Oil Co
5
Schiff Co common..
•
Schulte (DA) common
1
Convertible preferred
25
Scovill Manufacturing
25
Scranton Elec $6 pfd
—*
Scranton Spring Brook Water Service—
110%
114% 115
July
15%
preferred
$3 convertible
Seeman
Ohio
7
1%
...
Securities Corp General
Ohio
10%
Sep
R
Scullin
Ogden Corp common.
4%
Jan
5
10 Va
St
37 Va
Jan
104
3.100
■
Jan
5%
6,600
Co.-—.—
Power
Apr
7
-
—.
14%
2
1,500
151% 151%
.100
Jun
%
1.600
10%
120
4%
'
—,
10%
Jan
1 %
27% May
■
10%
100
81
81
Radlo-Kelth-Orpheum option warrants.
11% Aug
28
400
1%
Jan
52% Mar
'•
'
'
103
75
33%
,33%
%
800
1
110%
110
1,400
■
Ti
Sep
1%
25
Mar
12
14% July
11%
131%
15%
—
107'A Aug
11%
•%.
__
3%
1/128 Feb
Va
:
•
—
17% Mar
16,100
3%
5
Oil
Texas
109
85%
50
•
prior preferred
American
70
83 Va
„
Northern
1.100
83%
—1
Amer Light & Power common—1
preferred
•
North American Rayon class A
•
Class B common
*
North
A
3
May
15
Q
$1.20
North
$6
16%
—
■
«
Niles-Bement-Pond
Nineteen Hundred Corp
—
—
Niagara Share class B common
Class
10
100
100
109
.1"
13
109%
15%
109
17
Feb
11
13%
:13 /a
5
10
Quaker Oats common
6%
preferred
Roeser
1
shares
Founders
•
Jun
Y Shipbuilding Corp—
N Y
N
preferred.,100
,
•
Light 7%
Aug
200
102% 103%
10
Railway & Utility Investment A
1
Rath Packing Co. common
:——10
Raymond Concrete Pile common
—*
29
29 j
—10
9%
Railway & Light Securities
7 %
10
Honduras Rosario
Merchandise
Jun
Jan
43
—
Feb
2%
City Omnibus warrants
N
..
*
•
preferred
Puget Sound Pulp & Timber
Pyle-National Co common
Pyrene Manufacturing
$5 prior
July
54
•
,
—10
Common
9
18% Mar
300
2.500
——*
common
5%
3Va
114 Va
9
6%
1
N
'
18%
63%
Jun
108
Jan
104
600
13%
*
Land
Process Co common
New
140
12%
13%
13% July
1%
A'
May
47%
700
25
common
Zinc
Mexico
New
•
Co
Jun
63
121%
13%
1,3U
—
Jun
18
64%
108 Va 109%
100
„
12
July
Jan
3
63'A
64%
5%'
32%
32
12
6 Va
•
preferred
$2
New
N
•
100
England Power Associates
preferred
--
Puget Sound Power & Light—
Voting
New
Jan
13%
5.100
10%
5%
32
lis
5%
100
*
—
:<J:
3%
10
10%
Jan
Apr
4%
300
May
85%
~8%
95
29% Mar
Jan
110
:
1%
Jan
Sep
Sep
Jun
600
14%
3%
—
25% July
5%
'
1,000
5
-
14%
15% July
18%
500
2 Va
'
Apr
55%
3%
9%
42% Aug
July
400
•
Co
1st pfd
410
62%
8
July
37% Sep
Sep
12%
30o
Jan
Sep
4%
10
100
12%
National Tunnel & Mines common.—.1
Nebraska Power 1%
44% Mar
xll Va
100
v
'"'mum*
12%
Radio
35
14% May
10%
24,
32% Aug*
Jan
Sep
'
10
Feb
Jan
35
A-.'yS. Y
24 Va
Jan
100
100
1st preferred
11,300
6
Sep
7
400
%
-
1st preferred
1%
11%
13%
—;■
12.50
Union
6%
2% July
18
1,200
A
11% v
.
10 Va
10%
Ltd——
National Transit
National
Va
6
Sugar Refining
Tea 5%% preferred..
National
12%
13%
Machinery
Car
200
Sep
Jan
28
Mfg & Stores common
Rubber
37%
Jan
35
National Refining common
National
of Colorado—
Service
1%
23,500
37%
11%
National Fuel Gas
National
2%
•
25
•
50c
7%
Gas
14%
2%
2%
1
National
National
Public
*
;
Hess common
3% Aug
3%
8%
Apr
Jan
13 Va
1
*
1
1
*
*
Mining
Metals
Pressed
Providence
N
Bellas
18% July
Jan
2%
4%
*
Prosperity Co class B
Nachman
Jan
1%
117% 118%
118%
;—*
Co
Inc
Prentice-Hall
Producers
National
12 Va
5 Va
10%
5
Alexander
&
Premier
6 %
14Va
13%
14 Va
-
100
700
4,400
19,000
61
62
25c
Corp of Canada
Power
18%
17%
227a
37%
10
common
Mining Co
Jan
17%
common
Pneumatic Scale
5,400
Jun
1%
Jan
Plough
Jan
7%
37%
17
3/2
3
8%
3%
—
—50
10
25
1
—7.50
Metallurgical
Pittsburgh Plate Glass
Pleasant1 Valley Wine Co
High
33 Va
Sep
200
50
RR
4% Aug
Feb
6%
xl31
__
E
Feb
22 %
_J
Bess & L
Mar
6%
...
Pitts
Meter
Postage
3/1*
.1
*
Piper Aircraft Corp com
28%
7%
—
3
Ltd
Low
200
29
36 Va
16%
3$,
--
37'A
•
common
Mines
Sep
1%
v
Gold
8%
150
18%
18%
■
Governor
Pioneer
common
2%
2,100
7
174
Sep
*
1
Co
29
29
—25
pfd
1%
9Va
3%
■—7
—
May
105
Jan
8%
£8%
65
Jan
52
--
xl4
Mar
Phoenix
109%
100
preferred
6%
60%
Phila Electric Power 5%
2
1% Mar
—
14%
•
100
common
Ohio Mfg Co
Murray
300
10
Dakota Utilities
Montana
1%
v
58Va
—
2.50
—1
1
—1
Pictures common—.*,
Society A
Monogram
2%
Range since January 1
Hitih
Low
p«r
97%
59%
A.
-•
Mock Jud Voehringer common
Molybuenum
700
Shares
,
3% July
Feb
2%
2%
for Week
of Prices
Sale Price
High
LOIO
100
Public Service common
Missouri
Range since January 1
Shares
Sales
Range
Last
Exchange
Curb
Week's
Friday
STOCKS
York
New
High
1%
__
pfdL„._10Q
Mississippi River Power 6%
:
SEPTEMBER 25)
ENDING
for Week
114'A 114%
2%
•
♦
Mining Corp of Canada..:
*
of Prices
'Low
Par
WEEK
FOR
Sales
Week's
Last
STOCKS
Jan
9% Aug
9% Mar
13
Sep
July
THE COMMERCIAL &
1428
FINANCIAL
Monday, October 2, 1944
CHRONICLE
NEW YORK CURB EXCHANGE
r '
Friday
Range
■,
Curb Exchange
Spalding (A G) & Bros
1st preferred ___
Amer
Amer
Spencer Snoe Corp
Stahl-Meyer
Inc__
:
-
"I: '
~u
1%
12%
16%
10,100
25%
24
26/
11%
11%
12 v
■'
%
Stroock (S) &
8,500
•&.
32
900
2%
.214
19
jrJuly
114
Mar
i'l
VA
9
13
~6
58 y2
Jan
15%
9%
Shovel
Thew
Co
Apr
15 %s
Aug
OT"'..
9
Jan
12
York
New
Jan
'Jan
6
Jan
2%
Sep
13%
275
8%
Feb
2%
100
;
% Aug
3
Tobacco
Product
6
17%
2%s
May
21%
23%
~6
11%;
12 y2
6y8
1,300
6
7%
Apr
50
60
,■
.
4%
Sep
11% July
Jan
.1-
9% July
'•
3% Feb
'
300
12%
9Va
1950
Pr
6s
«
Feb
Jan
'
1%
1%
1%
1
4
3%
4
1% July
-July
:80
'
■109%
20%
21
';l,'-r.'
7%
3
May
18%
24%
Jan
12
Vs
12 V*
10%
300
~
Jan
4
Jun
:
9% July
13% July
Jan
:'7;
U
Union
Stk Yds of
Products*;
Aircraft
United
warrants
uorp
warrants—
Option
.
2
dep
Amer
Shoe
U
'
S
;***„*——*—10'
25
Machinery common
Graphite
—25
—.
11% Aug
Jan
25% Aug
,
11,200
iy4
Feb
■Hv-/10
80 %
Jan
95
Jun
18
17
Sep
18%
Jun
A May
32
Feb
1,700
1/8
:Zi%
2,300
750
'c-'aV.
% •■. ' ,/ fa
■'
2% Mar
July
18
xll4
Apr
3
Mar
May
1%
10,100
115% 116
Feb
16
121%
Jan
32
%
% Mar
Sep
Feb
20,800
;
•/::
%'
%
-
60y8
A Jun
Jun
63% Mar
Apr
39 %
Jun
Feb
93
Apr
4,100
1,200
3,600
61
A Jan
A Jan
50y2
33 V*
'
%
;
Feb
1
—*
263
::
IV*
VA
,
.
%
900
Jun
Feb
6% Mar 1
72%
72%
7314
425
6% July
42 y2
44
190
42
10'/a
600
10
10
6%
6%
,
45% Aug
% Jan
5
•
Feb V
.%
Apr
"l%
85
200
86 V2
lVa
7% Aug
77% July
9
.*
1% Aug
Jan
4% Mar
:900
7
July
265
Jun
69
44
common—*——B
Uf S and International Securities
,r'$5 1st preferred with warrants
225
78%
Jan
400
2%
Jan
10%
8
.
Sep
July..
JnlV
1%-Jufi
11
91%
Jun
4% July
Radiator common———1
U S
U
.
90 v*
—
Foil Co class B
S
U
Jun
:
**
Specialties common————1
United
7%
14%
7,800
11
aV
**
—
—
3%
3%
•
2%
2%
300
1%
Jan
50o
%
%
3.500
A
Apr
%'
Sep
Jan
5%
Sep
Rubber
S
Reclaiming-
United Stores common
Wail, Paper—*——**_*—2,,
United
—10
Universal Cooler class A——**•"
.' Class
B.
,*—$.,
•
Universal Insurance'
1
10
Universal Pictures common*.
1
Consolidated
Universal
—
Utah-Idaho
Utah Power
5%
5%
414
2%
50.200
Radio
Jan
Jan
13% July
4% July
20
12%
12%
4 V8
19%
4 %.
19%
20
Feb
22%' Aug
18%'
Jan
26
7
300
8QO
2,300
.
'
1%
——.—
9
& Light $7 preferred**—•
"2%
1
~7%
Utility Equities common—
$5.50 priority stock-—
Mar
20% Jan
Sugari—
Products*
10c
—1
oonvertiole
1
Vogt
preferred
5
2%
2%
1.200
55%
55%
25
7%
1,700
'7%
28% July
2% Jan
3% July
5iy2
4
Jan
Jan
1%
82%
82%
3
82%
47%
2%
44
100
74%
Manufacturing
•
3
47 %
1,500
1%
Feb
Jan
27
Jan
% Feb
Feb
8%
11%
Feb
220
9 y4
1.600
8
11%
11%
300
8
1
Petroleum
61
Feb
8% July
2 % July
83%
Jun
3% July
48% July
11%
Apr
15% July
•
Wagner Baking voting trust ctfs
7%
Waitt
extZ*
preferred,
&
Class
Bond
claas A
IZIfi
West Texas
Va
1 25
Utility $8 preferred*"!,»
& Coke—
•
Coal
Air
,ZIIIl
Lines
For lootnotes
see
page
1429.
24%
x5%
**
9
10%
3
May
4%
High
X5%
Feb
3
Jan
25
24%
5%
100
700
8%
3%
108
9
10%
3.600
5%
1.300
7%
Jan
103%
106
92 >4
63
79%
95
91%
2,
A
1948
M-S
29
23
27%
J 26%
29%
29
26%
26 Va
5
22%
29
85%
98
**——1949
5%s
deb
AConv
Bell
_1977
1955
5%s A__
_*_1964
without
1st
*108
M-S
•
6s
*
—*
198
*_
'."7,4
M-N
,—1998
Q-F
1:*-*/7:120
>;!%•;.*;• At 155
; ,;._*
; tio7%
V' •'»
Z . lOiVe
1962
**.*1968
A-O
Af-S
.*_:—.***1970
Canaaa
Northern Power 5s—i—1953
Central 111 El & Gas 3%s——**1964
j-d
SACentral States Electric 5s—*-1948
A5%8
-*•*—
...1954
Central States Pr & Lt 5y2s stpd—1953
j-j
2%s*
Edison
**
-*
Af-N
;•
99%;io3%
44
2
105 V*
36 Vi
41
'37
54%
98
100%
.
1100%
j-j
105'/2 108
10iy8:104%
ioi%'103'%
36
'49%
50
,
4
19
50%
u-!%*:, *, >49"
M-S
150
106%.
49%
1% ; i06
106
■
'120%
119
180
101% 7101% 101%
■;
115%
"
150
110
IOIVb
^; i02%403
•
J.}
j-d
113%
'A-; ,113% 113%
120
J-d
^***1960
—
Birmingham Electric 4y2s
109
107
—
.
***1957
—
6 y2s_
Bickford's Inc
Boston
12
98
97%
M-S
J-D
B—
C —*
Series
F-A
of Canada—
series
5s
M
5s
•
—*1947
warrants
26%
j-j
(B. F.)—■'/\"i. '7y,.;7'7
Telephone
65%
62
84
'
107
54
79-
.**71927
—1952
M-S
j-d
fl02% 103
101%
104
1955
Cities Service 5s.
Jan 1966
Conv
deb
5s
—-1950
7 Debenture
5s__
1958
Debenture
5s*—*—*_*—*—1969
Consol Gas El Lt & Pr (Bait)—
A-O
tio4% 106 ;■■■;'
104%
105
lAChicago Rys 5s ctfs***;
St Ry 5'/2s A
Cincinnati
■
series
6s
B
;
N——1971
mtge 3s ser P
1969
mtge 2%s ser Q
i—1976
series
3 %s
1st
ref
1st
ref
mtge 4y2s_
—
1954
Continental Gas & El 5s**—*—**.1958
Gen
*1944
1956
Electric Power & Light 5s
2030
Elmira Water Lt & RR 5s**
'—1956
Federal Water Service 5%s**7i:7—1954
Gatineau Power 3%s A
——1969
General Pub Serv 5s———
J 953
AGeneral Rayon Co 6s ser A—1948
Georgia Power & Light 5s———1978
Glen Alden Coal 4s
—1965
§AGobel (Adolf) 4»/2s series A
1941
Tobacco 5s*—.
Cuban
Gas & Fuel 4s ser A
Eastern
Great
Mountain
103%
6
99%
104 V*
103% 103%
103
98%
106
1,103 '104
102|.; 104%
25
97%
104%
A-O
A-O
.?
j-d
107% 107%
j-j
103% 104
111
105 vi
108
102%
104
119
125
,
_
3%—,
Pow
1121% 123%
F-A
103% 104%
103%
61
99
104ya
90%
100
99%
62
101
100% 101%
120
93%
102%
104 Vb
104
104%;
19
101%
1041/4
99%
j-d
M-S
F-A
•
M-S
J124% 126.
123
124Vi
M-N
f 104 % 104%
103
106 ya
A-O
-.
100% 101%
101%
j-j
f _*-'
j-d
M-S
100
iV
f 103% 104
j-d
—1958
,*1966
6s
3Vis
F-A
105
23
56
109
198
j-d
100
103%
98% 103%
113
101
104%
103
108 '/a
103%
>,
107%
1021/4
,
1021/4
64% ' 75
*72
167%
j-j
,:
101%
100
'■■■:
.
105
no7
'
101 Vb
104
61
103% 103%
100% 100%
103%
97%
101
U02%
j-d
65
1112% 114
—1953
104%
109
6
U09% 110%
A-Q
98%
7
j-d
M-S
West
&
Guantanamo
103
103%
J-J
Prod 6s—\—
Grocery Store
103
F-A
—*1963
5s stpd*
Nor Power
Green
.
M-S
1950
*—1950
West 4s_—
Trunk
Grand
64
64%
(Bait City)—
Gas
Consolidated
111
109 %
1107
$104% 105 Va
106%
a-o
102
105
Jan 1949
Illinois Power & Light Corp—
1st & ref 6s series A——*:
1953
a-o
1104
102
105^
a-o
104%
104% 104%
2
B—.—*.—1957
Indiana
Hydro-Elee. Ss
*
1958
Indiana
Service 5s—
—-1950
1st lien & ref 5s_————1963
Indianapolis P & L 3%,s
—.—1970
M-S
105%
105
105%
23
Lt & Pwr
Houston
—Jan 1949
Hygrade Food 6s ser A
series
6s
B
ref 5%s series
1st &
§International Power Sec—
A,6%s series C—.——
—1953
A6%s (Dec 1 1941 coup)*.—1955
(Aug
A7s
series
A7s
1957
E
series
A7p
coupon)—
1957
F——
————1952
(July 1941
Interstate Power 5s
coupon)*—*—1952,
————1957
——1952
Altalian Superpower 6s—*—.—*.1963
Jersey Cent Pow & Lt 3 V2S—;
1965
Kansas Electric Power 3 y2s—'
1966
Kansas Gas & Electric 6s
2022
Kansas Powpr & Light 3 Vis
—1969
6s
Debenture
j-d
—*—1970
Kentucky Utilities 4s—
6%s
1965
—1943
G—*
Middle States Petrol
at 4%
&
to
*—
1963
4'/as—*
*1967
P & L 4y2S—
—*—-1978
&
j-j
;
t
j-j
j-j
6s
Sep
New
Aug
New
series
5s—
Eng Gas & El Assn 5s
New
Jan
10 Vb July
New
Gas
—
*
deb
England
5s
Power, 3y4s
England Power Assn 5s
Debenture 5Vis
*—
»—1948
1947
—1948
1950
——1961
1948
*1954
101%
109
25
42
21%
39%
1' ■ ■ 1* ~
■ ■
M-3
j-d
8
60
77%
38
1
28%
40
95
106%
109
%:
73
121
114
107% 107%
'$105
„
,
■
__
*_
88%
96
106%
122y3
110%
70
107%
120
121
$111
112%
1091/4
106'"
107%
107
108%
99%
.102% 103
104%
$104
104%'
103%
$106
107%
105%
IIOI/4
100
103%
$100% 101%
$61
A-O
j-d
37%
68
$105 V* 108%
121
M-N
M-a
22%
44
94%
106% 107
107
J-J
j-j
41%
38
j-j
M-N
34%
25
67
j-d
M-S
41%'
23
44
j- y
93 y4
94%
j-j
1943
1981
—2022
A
Amsterdam
Conv
111% July
v
•68
64
—
••*" 62 Vb
110
,
103%
69%
106%
108%
102% 103%
9
102%
106
104% 105%
—
F-A
'
93
33
$38%
j-d
Suffolk Ltg 5s
Power 4%s
93% 102%
34%
$39^
—i;—-1955
ref 5s———
104y2
106%
f!A
Midland Valley RR—
Gas Light
1071/a
100 Vi
25
A-O
—1971
104%
103%
33
F A
4s E
„
34%
j-d
Dist Pow 3y2s——1966
& Mfg—
Edison
13
$108% 108%
M-N
Radiator
series
4s
100% 101%
100%
F-A
stamped*—*———*—*—1948
Metropolitan
"9
•101% 102
j-j
■
102%
U02% 103%
M-N
1941
A7s
Jun
11% Aug
128
_
41
29%
Apr
Apr
7
r
Sep
5% July
r,
101%
109%
103 Va 103%
%;
92%
J-J
124
22%
5s
:
10%
15
12.7.
1126
;
,
107%
23
20 y2
Jan
1%
99
11
23
Nassau
14%
*:
-109% 109%.,
40
Nebraska
100
^
109%
7/8
,66
liy8 July
1.300
103
106
101 y2> 104%
22
100% 101 y2:
108%
106
6;
2
101% 102
ioi%-
102%
6
,
123
98% Aug
3
7 107
107%
109% 109%
27%
Feb
7%
102%. 103
109%
j-j
*1953,7
*
'/.'• >
102%
;
105
27%
94% May
*4
20
20
2%
Vre.ntworth Manufacturing
Western
—
•
1.000
—«.
__.
B
Low
27
1st
4%
4%
;tOo
Wayne Knitting ALlls
West
4%
January 1
26%
Minnesota
W
Co
Sold
No.
Utah
26%
Extended
Aircraft
Range Since
Bonds
Friday's
26
Milwaukee
Waco
4% July
27%
6s
$4
11 Va July
7
27
McCord
Venezutian
Jan
A-O
Lake Superior
Valspar Corp common
Jan
F-A
14% May
"
Utah
2% Aug
Feb
12
Oil
Universal Products Co*—
V
;
1968
5s
/
.
90
—
Canal——100
—
25c
Sharing-
preferred
10%
Preferred
Sep
4
rets ord regis—
NJ RR &
United
68%
Co Ltd—
Molasses
United'Profit
Jun
/r3/8
115%
or
j-d
j-j
A-O
'
1970
—2024
5s
Avery & Sons
Feb
7 Va
**
*
$6
1st preferred——
•
United Milk Products
,*
$3 participating preferred*——• ;
United
7%
Feb
17%
18
*
A
7%
Jun
Week's Range
j-j
—.1961
Atlantic City Elec 3y4s
3% July
Aug
5%
90 y4
.
.
United
Jan
4%
"l%: "2
'
*—,
United tight & Power common
Common class B
;
2Va
700
•
,—•
preferred non-voting.*
$7
1st
100
1,800
7%
~9%
1*■&*»'. x&.v.V'
!->•:
1%
United Oas Corp common——;
2%
4%
66 i ' May
n
_**—
United Elastic. Corp—*.—-aax*—
5% July
2%
11
Chemicals common
•
Hgar-Whelan Stores
*
10c
$5 preferred
—
*—*
•
Prior preferred
*.—*—*—20
2% Jan
7
<
-*
United
/•.
,
4%
2%
4%
:V*w;v'--
.United
United
1.000
5%
5%
5%
—10
—•
***100
.—1
Omaha—
14% May
2%
100
4,700
'•
Last
M-S
^1956
4%s
Assoc T & T deb
:
10% July
*
100
•V
Udylite Corp——*»■***—*—***—■■*....-■■■ ■ — T
Ulen
Realization Corp.—
10c
7
1 % Mar
Mar
'
'.9% Mar
"7%. "7%
.
1% Aug
4% July
]} Jan
100
1
Af>r
'
1,000
*—.*.—.
f
Jan
500
20%
warrants—.—.
Union:
>6
Apr
ADebenture
Feb
115
800
-10
Manufacturing Co
Oes of Canada
Jan
Jan
'
1950
deb
Bethlehem Steel
12% July
;
,
•
58
:113
1
Unexcelled
111
AConv deb 5s
Jan
Feb
310
79
•
-100
Tung-Sol Lamp Works—
80c convertible preferred—
Jan
Apr
Sale Price Bid & Asked
■,
j-j
2016
*
Lt 5s
&
j-j
7;
1970
Writing
AConv
7,
Jun
106! >" July
*75
76
.100
._
{
4%
^60 '
,' 57% Jun1
50
100..
.—
Inc.*—.&*:
Aug
July
6Vb
/
1960
Lt deb
&
Pow
Arkansas
•
x23 % Mar
1%
'12%
preferred—
—...
Tonopah Mining of Nevada——
Trunz
12%
Jan
6%
3,200
8%
Trust Co Ltd-r-
Corp—
Transwestern Oil Co
May
Feb
19%
700
io y8
7
$'60
.•
Trans Lux
3A
Friday
.
:***-.—
Paper 6s_
Elec Pow 3%s
Appalachian Pow deb 6s*_
6% July
Mar
3,000
22
To
•'
~
Shipyards Corp
.—*
Edison 6% preferred—
Tri-Continental
119
'
8%
—1
7%
6%
•
7
,.1,100
'
Interest
'Period
;*„
*
decs*
Appalachian
24% July
Jan
Jan
1,900
121/4
6
11%
22
Toledo
•:
10% ?,.v
'3%
777y./
f debs
f
Amer
Sep
,26% Sep
Feb
114%
23 y8
6%
Jane;
5
200
•
dep recs def
Amer
3%
Exchang#
Curb
debs
s
s
Amer
Apr.
11
,v.
f
s
3%s
Sep
15 y2
.9% Apr
500
26
dep rets ord regis—
Amer
10%
10%
-Bs
'/'V'-V'/ /.::77.v'
■ ■-.
"3%s
/
•722% Aug
i
Aug
"
Exports
Tobacco Security
Todd
6
26
8
& Allied Stocks*.**—*-
Jun
•
Gas & Electric Co.—
American
14 Va July
\U7 •• May
12% Jan
1,000
20%.
26
.**—1
Tobacco
10
10%
Low
16 y2 July
% Feb
„
2
& Construction*
Tishman Realty
7
i,12
Feb.:
5%
July
Jun
1%
>
13
1
Roofing Inc——
Tilo
3 j,/-'Jan,"V"1
10
14 %
3%
-1
July
3%
21%
*
100
110
**.__..
BONDS
Sep
52
1,400
20%
7% pfd— IZZioo
common
A
1,200
»
f
Jun
Jan
11% Aug
Technicolor Inc common—
*-■,—
6 '
12
;
«
Hargreaves Ltd
43%
50
C2%
214
•
—
'
12'
5%
.;
■'
Jan
Aug
13% Sep
/
Aug
300
13 Va
Tampa Electric Co common
& Light
/
8%
-10
*_*;
*
—
'13%
11
•
Jan
Feb
Aug
A July
Jan
5
;
/ 2%
2%
"
Oil & Land Co—
100
Sep
% 20%
u
3y4 Aug
/■
11%
11
1
Power
3.400
13%
8%
8
50
13%
pfd*,*100
,Associated Elec 4%s
77,{Associated Gas & Elec Co—
3U AConv deb 4%s
Textron Inc
10%
12
♦
(F W) Ltd—
:
deposit receipts
American
Wright
12
Machinery.*—..
***-—-—•
Co—
******-*-*—1
Superior Port Cement class B com
•
Swan Finch Oil Corp*.—I——,
-18
Texas
Jan
July
/ 28 y4 May
2% July
Apr
Feb
200
Ray Drug
Texon
Jan
%: July
13]/4
250
52
52
•
.—0
Co commonr,r*„y-.n*-<'
—
23 i
•
1
—'*->
Petroleum
Woolworth
Aug
53% Mar
'
914
15
15
—
Taggart Corp common
125
10%
13%
Heating
Cement
Portland
Wolverine
Woodley
A July
•97
Jan
-'U
26
<25
..I
Aug
% Aug
,
18% Mar
16
•
Co——
Inc
Products
600-<
25%
26
138
Jan
84
50
25
'
1,100
2%;
;-2%
Sullivan
Sun
•
t'
'Va May .'.;
7%
1,700
&
Winnipeg Elec common B
Wisconsin Power & Light 1%
20
Apr
Jan
54
^
Oil-O-Mattc
C)
Wiilson
Vi Jari
A
96
class
Corp**
Jan
-:
'// 450
95
Co common—
(Hugo)
Feb
1,700
——
1
B——r———1
trust ctfs—1
Steel Co Of Canada——
;
*
Stein (A) & Co common—..™
•
Sterchv Bros Stores-—*—.***,—«.
1
6% 1st preferred.*.—.—
-50
5% 2d preferred2C
Sterling Aluminum Products**
*-1
Sterling Brewers Inc.*——**-—--1
Sterling
Inc.**—-*,-*I——***
*—1
(J B)
17%
Williams
Apr
Aug
3% Aug
Jan
800
(R
High
Low
115
23%
—10
26
.
Jan
200
18%
96
(The) Corp voting
(lines
2
,
Williams
Range since January 1
High
115
*
1
*.*—*.
Oil Corp
River
16y2-Sep
>
Jan
108%
1814
—J
Co*.
Standard Silver Lead
hi
Wichita
1%
•V.
Jan
6
18 Vb
•16
——
Standard Products
Stetson
Weyenberg Shoe Mfg
Shares
—10
—*.
4% Jul«
,
2,250
314
314
————*
class B-—
Tube
lnc__
5% July
,i,2% Jan
fg Feb
500
1614
2.78
-1
10
*1
$1.60 convertible preferred.
20
Standard Oil (Ky)—————""7^5
Standard Oil (Ohio)—5% pfd——-100
Standard Power & Light
J.
—1
Standard
Westmoreland
1% July
Feb
%
3% May,
900
—
Standard Dredging Corp common
Starrett
:
4,800
Tff.
4%
4%
m.
Z20
Coal
1% July
/
% Mar
r.
t: %
.
-
Standard Cap & Seal common
Convertible preferred
Preferred
Sep
46
Stationery con—
Westmoreland
Standard Brewing Co
Common
Jari,:.
Western Tablet &
for Week
Low
1st pfd_ .100
Maryland Ry 7%
Western
10% Sep
Apr
40
50
,
Par
High
;
.
& General Corp—
dep rets crd bearer
dep rets ord regis
Spanish
5%
4,000
46
45
46
Low
Sales
Range
of Prices
Sale Price
Range since January 1
Shares
10%
Last
Exchange
Curb
Week's
Friday
STOCKS
York
New
Hia*■
9%
1
SEPTEMBER 2!)
ENDING
for Week
of Prices
Low
Pur
WEEK
Sales
Ve«k'i
Last
Sale Price
STOCKS
York
New
FOR
RANGE
13
104%
108
-$107% 109
$101
J-J
M-S
83%
j-d
82%
M-N
83%
107
107
$117
107
M-S
100%
101%
1
118
101%
111
116
120
110%
113
$110% 112
82%
83%
42
72%
82%
83%
28
72%
82 %
83%
68
72%
107
$107% 108 y2
M-N
; 107
88%
88%
88%
110
A-O
102%
101% 102%
43
95%
102%
J-D
102%
102% 103
22
97%
104
Volume
1429
FINANCIAL CHRONICLE
&
THE COMMERCIAL
Number 4321
160
-—-i
EXCHANGE
NEW YORK CURB
RANGE
BONDS
Curb
York
New
.v
Interest
••
•
Last
Period
Exchange
■
Sale Price
•
or
N
Y
5'As series A (8%
M-N
.1964
Westchester Lt.g 4s—
&
North Continental Utility
Bonds
Low
:
Hiah
J-J
2004
.-v.'-
Corp—
HI
107'/2
United
Electric
N
Light
J-J
1948
redeemed)
•>'
'■
L.
1st mtge
Ohio-Power
1st
mtge
Ohio
3'As
3s
Public
Service
4s
Oklahoma Power & Water 5s
Pacific
& Light
Power
Park Lexington
106%
F-A
1948
-1977
H
107%
105%
102
56
56
Elec Power 5'As
Rapid Transit bs
Philadelphia
Philadelphia
•::v
Utah Power
& Coke
5s
Edison
2
1047/s
107'A
4
105'A
4'As
106
108
106%
108'/a
Corp
11
108
117
2
106
1st
Service
of
5
1003/4
1
105%
5%s
107%
series
10
923/4
107% 108%
20
98%
A
Real
ASchulte
108%
J-D
J-D
Sheridan
Estate
A-0
1979
J-D
.1952
1951
A-0
A-0
California
Southern
Counties
Indiana
Gas
1970
6s
1971
1951
L
-1970
68
Standard
A7-4.3 3d
/ 103Y4
1053/4
103'A
105%
7""^-
104%
105
105
106 %
104
f
s
Rys
2030
5s
A-0
1960
-
debentures
45%
105
109
108%
110'/a
J-D
108
108
105%
109%
$118
106
120
114%
118
'
J-D
94%
94%
$99% 100
96%
100
J-D
200
96%
100'A
1959
—
stpd
5s
85
1937
1947
Co
Stamped
109
1033/4
105%
107%
42
1
v
107 3/8 1073/4
$1043/4 105%
5s
200
97'/a
:
101%
101% 101%
101%
104%
83%
4
.
:'7
90%
90%
__
A-O
A-0
91%
2
86%
963%
;
99%
82
66
99%
96%
96% '
'
98
94%
96%
'
139
86'A
-95%
,
96%
1966
J-D
96 3/4
94'A
96%
74
863/4
Week's Range
or Friday's
Last
Interest
96%
94%
96%
56
86%
Extended
ALima
94'A
96% ' :
79
86%
J-J
J 60'A
J-D
30%
!
Low
High
51%
No.
F-A
1952
62
16%
14
3Q%
$21
J-J
19%
1951
J-D
$31'/a
18'%
3
—
A-0
41%
Mortgage Bank of Denmark 5s
J-D
J-D
$18%
$75
AParana
1958
M-S
$40
1959
1919
J-J
J-D
1921
J-J
■
32
33%
$40
1931
1972
22
46
18
19
41%
M-N
1947
,1947
Mortgage Bank of Chile 6s
21
17
$39
Mortgage Bank of Bogota—
A 7s (issue of May 1927)
A7s (issue of Oct. 1927)
83
82
34%
M-N
stamped
30%
62
37
M-S
19
•
60
83
,-.$70
—
55
54
—
$70
1958
7s
64
30
M-N
53
19
Range Since
January 1
Sold
High
$60%
6'As stamped_1958
(Peru)
7s
AMedellin
98%
293%
City
A-O
1955
„
5s
AMaranho
98%
96%
Bonds
Sale Price Bid & Asked
Period
Danzig Port & Waterways—
A External 6%s stamped
98%
F-A
F-A
A-O
37
36:...
-17%
79'/a
33
:
:
40
16
58
19
413%
34
43%
45
1
6s
Light
Friday
Exchange
1953
5'As
Danish
99%
95%
Curb
(Col)—
A 20-year
7s
April 1946
A20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s—
1948
A
'
963/4
York
Agricultural Mortgage Bank
863/4
1083/4
:>
108 %
$107
72%
106'A
10
823A
82'%
New
106 3/s
107
108
5s
v
J;; 50
50'A '
50
-.
15
2nd
(State)
de
A Rio
7s_
Janeiro
A Russian
6'As
Government
6'As
A5'As
—
20
20
—
7/7
5s
J-J
M-N
J-J
F-A
J-J
1958
2022
—1979
-1968
:
3'As
Edison
A-0
1960
5s„
—
Power
!
♦No par
r
St Light 5s——
A
Water
;
43
__
—
1946
Service
Electric
Toledo
deposit
stamped
series
J-J
1946
of
$36
Industries—
(Hugo)
Texas Powex
Tide
24%
•1
1
106
Low
93%
F-A
stamped
A Certificates
Stinnes
6s
106
$1091.4 109%
J.
.
41%
38%
38%
6%
6%
10
3%
8%
v,6%
i«;i
6%.
6%
>
6%
32
33/4
8%
■;,T!
(Hugo) Corp—
Btinnes
Texas
'
111
40%
39%
-
83
86%
1957
1957
1950
Dec
6s,
&
40%
106
128
—1951
AStarrett Corp inc
7-4s
126%
2
105% 106%
—
M-N
May 1948
—May ;1948 /;
6s—
Power
J-D
>
3
$107
M-S
1989
debentures
gold
J-D
5s
Traction
113
73%
$105
106
F-A
2022
Ss_
(stamped)
Conv 6s stamped
Debenture
M-S
1951
Newspaper Union—
conv
104%
105
'
%'r
$104% 105
J-J
F-A
6s
Debenture
98%
.^7
1043/4 105
105
~
•
1954
Foreign Governments & Municipalities
& Electric—
Gas
116%
152
(Calif)—
Spalding (A G) deb 5s
Standard
Electric
Penn
105%
/
•7
90%
90%
A-0
Rys 4s
&
P
103%
$81
M-S
Southwestern Gas & Elec 3'As
Southwestern
111%
U A;"
v
99%
137%
•;
107
$126% 127%
J-J
.1965
mtge 3s
Southern
105
J -J
1957
3s
3'As
Gas
105
A-0
1047
Edison
Southern
1st
-.1967
1970
5s
Power
California
$103% 104
J-D
1951
Wyoming Coal 6s
Carolina
South
115%
116
116
116
BONDS
V:\";"v;
M-3
6s
D
Southern
;
43 ;
141%
141
"■■■■■
1952
:
series
106%
113'A
11S
'
4'as
Water & Pwr 4'As
4'As
1st
Penn
West
109
"106%
4
105% 105%
105 7A
M-N
Scullin Steel lnc mtge 3s
Shawinigan
.
Jersey—
Joaquin Lt & Pwr 6s 3
8an
102%
O
111%
98%
A-0
M-S
1964
-1949
New
Harbor Water
Safe
104%
O
112
1073% 1073/4
3
Queens Borough Gas & Electric—
*
104
—
103 %
105'A 105%
certificates
perpetual
<
109%
102
Colorado—
Sinking fund deb 4s
6%
103% 103%
M-N
1959
mtge 3'As-
Public
M-N
—1964
dibs
income
Water Power 3'As
IA YorK
J-J
1961
Public Service Co of
104
109'A
104
F-A
2022
.
Ry & Elec 4s
107'/a
106% 107%
106'A
A5s
Western
1956
4'As B
(Can)
00
1952
-
A
series
Wash
West
1950
F
series
Power
102%
96'%
109%
3
' <v
.
108 3/4 109
109
Af-S
E
5s
6s
Wash
56
Co—
extended—
stamped
Potomac
1
(Delaware) 5%s_I952
(Maine) —
$108
.7
A
Portland Gas
High
96%
1
& Light Co-
Debenture
105'/a
40
2
$1073/4 108
F-A
1962
103%
4
106% 106'/a
*
-
J- J
1972
>
107 Vi 108
;
■
108
J-D
-1970
3'As
Lt St Rys
Low
56
110
110
January 1
No.
10134 102%
104%
•
1063/e 106%
M-N
1979
5s
United
1
102
High
Co—
cons
United Light & Railways
6s series A
109'/a
1
;
103% 104
56
M-N
;
105'/a
4
102
''
1st
410
s
J-D
Range Since
Sold
Waldorf-Astoria Hotel—
J-J
Pennsylvania Water & Power 3V4S.1964
>—■
104^/8
102%
•108
;;.4
:
1053/4 106%
102
:
F-A
1964
1083% 109%
—
'if.: 1.
2
10614 107
F-A
.
3955
5s
1st mtge 3s
Central Lt & Pwr 4%s
Penn
108 3A
A-0
1962
H945 ■
1968 -■./
:
9
-102-102
Af-NA-0
1971
Ogden Gas 1st 5s__•
&
&
1949
4s
J
J-D
1959
Power
5%s
1st lien
4 95'/a
82
32
,
-
1952
Transit 5'As
City Rapid
Bonds
Friday's
Low
Twin
'
89'%
88%
—
or
Sale Price Bid & Asked
High
108%
—
104
'4102
-
„
Week's Range
Last
Period
103'A
1109'A 110%'
—
Interest
Exchange
Curb
January 1
No.
York
New
Range Since
Sold
Friday's
United
Elec & Gas 3%s
N Y State
Friday
BONDS
Bid & Asked
Low
2ft,
SEPTEMBER
ENDING
Week's Range
Friday
V
WEEK
FOR
30
30
.105 %
,
•'
.7
'
.
7 105
...
106
10
34
'
20%
-
104%
7-
118
105
108 '/a
117%" 119
109
109
22
V
•
109%
101%
105%
11
"1033/4 104%
107
111
value,
sale,
d Ex-interest.. e Odd-lot sale,
Deferred delivery sale,
a
n Under-the-rule
Ex-dividend.
x
.
tala.
.
IFriday's bid and asked prices; no sales being transacted during current week.
ABonds being traded flat.
106%
6
'
118
.
Cash
7.41%
2
20
105%
' 107 -
'
118
V
§Reported in receivership.
used above—"cod,"
Abbreviations
certificates of deposit;
"cons," consolidated; "cum," cumula¬
"M," mortgage; "n-v," non-voting stock; "vtc," voting trust certificates;
"wi," when Issued; "ww," with warrants; "x w," without warrants.
tive; "conv," convertible;
OTHER STOCK EXCHANGES
RANGE
FOR
■;
Baltimore Stoclt
'
'■
■-
'
Arundel
'■
Last
•
Par
/
Bait Transit Co common
•
t c
15%
,
'/-//
Range since January 1
Shares
Low
14.%
850
2.20
14%
3.890
68
25
—1
15
15
200
1
Georgia Sou & Fla 2nd pfd._——.100
Guilford Realty Co 6% pfd stpd---100
Houston Oil of Texas 6% pfd vtc_—25
8
8
25
Davison
Mt
Power
com
Co
Sugars Assoc com
1.90
2.00
14 Va
t c
v
S
Commercial
50
Sep
Apr
15 %
Jan
15
Sep
Sep
12
100
90
Aug
90%
25
27
Feb
30'A May
3.00
9
13%
3.55
2.00 May
/
93/1 Mar
26
335
35
Jun
Feb
13%
Sep
Jan
S 41
>
A
58%
58%
65%
67
Eastern
SS
Last
»le Price
Tel
American
Si
100
100
Tel
American Woolen
Anaconda
of Prices
Low
45%
162
50
Copper
;.
•;"
High
Low
49'A
Feb
Sep
45%
16
1.786
155%
Jan
New
England
9'/a Mar
Feb
8 3/e
83/a
5
7%
26%
27%
688
24%
28
July
&
Inc
Son
Boston
&
Boston
*
.
Edison
Albany RR
.100
25
Northern
Old
RR
Colony
&
Maine
Ill
16%
110% UIV4
94
96%
32%
Jan
100
Corp
36
36%
*
67
66%
67
331
65
223/4
115
19
prior preferred
Jan
100
preferred stamped
5 %
class A
1st
C
1st
stamped
17c
class
10%
class
100
Personal
Boston
&
Century
For
Prop
Providence
&
stamped
D 1st pfd stamped
Boston
Calumet
pfd
Trust
—
-
Hecla
5
Shares Trust
footnotes
see
>
,
page
1435.
1
8
73/4
-
8
42% July
Jan
Jan
4%
Jan
8
4
Feb
Mar
Jan
7'A July
200
5
Jan
110
5
Jan
■
Reece
6%*
125
.63
-
Feb
Mach
Jan
15%
204
8%
Jan
42 34
157
35%
Jan
18
31.18
Feb
.
.
37%
/ 833
13%
175
13
33%
33% May
Jan
13%
Jun
13
Sep
333/4
Sep
Jan
20
16%
Jan
17%
260
23%
Jan
36% Mar
47%
Jan
17
26%
59%
85
10%
1.200
16%
400
11%
15%
Sep
July
39% July
29%. Jun
;•
10
15%
44
35.15
Jan
7%
10
20
804
15% Aug
6c
6c
100
5c
2%
2%
100
1
„
59'A
Sep
Jan
7
11
Sep
Feb
17% July
May
Feb
15c
2 3/8
Jan
Aug
:
i
Inc
Securities
Drug
67o
U
S
Shoe
37c
38c
105
35
38c
105
15
24%4
250
1033/4
41% Aug
109%
Jun
46c
Mar
98
Jan
10c
5
110
Jan
45c
Feb
Jun
105
Jun
38 %
25%
Jan
40%
29%
706
25%
Jan
31% July
1%
l3/s
85
28%
29
39%
l'A
220
86c
Feb
2'A
Jun
11
11
—
•
11 ;■
106
9%
Jan
12
Mar
13%
57
12%
Jan
15
July
10%
290
Apr
11% July
10%
10%
4
4
4
40
*
33%
34%
75
25%
25%
6
73/4
•
2%
32
Jan
May
4%
36
Apr
Mar
23%
Apr
28% July
17% July
89% Sep
14%
14%
25
12%
Feb
^
Inc
89%
88%
89%
369
75%
Jan
common—25
25
72%
72'A
73
400
69%
Jan
78
July
43
43
10
42
Jun
45
July
49%
49%
15
40%
Feb
53%
11%
12%
20
10%
Jan
12% July
101% 103%
283
91%
Feb
107%
Aug
104V4 May
—
Machinery
preferred
Apr
Jan
25c
5
Drill
Feb
30c
715
12c
—
—
com/—
United Fruit Co
United
35
108'% 109%
109'A
13 3/8
—*
:
Co
United
—
Rubber..——
9% July
Waldorf
Apr
14%
Sep
Jan.
42%
Feb
May
7%
Feb
Eastern
Feb
28.44
Sep
4%s
27.10
Hole
Elec
Twist
Jan
6
25
Assn
Torrington
5
...
Sep
32%
5
:
10
Jun
Feb
8%
50
RR
Webster
to
Suburban
12
45
100
6%
8,%
■
16%
Jun
59
10
—*
——
Button
Shawmut
28%
25
14%
.
———100
RR
Quincy Mining Co
8 % Mar
Jan
31 'A
28.44
,
3%
31%
28.44
«
Jan
28%
17
100
(N H)—
Union
%
1
Mar
24% July
3%
50
143/8
—
74%
hit'* ••/...
.
10
640
7%
8
*
100
7%
7%
,
100
—100
RR
8
7%
.
26
100
6%
7%
7%
427
3
6%
preferred——100
38
3
-100
100
B
373/R
—100
-
1st pfd
Stamped
class
36% Aug
%' Sep
2234
—
RR—
6%
8%
1153/4 May
Jan
2.752
36%
'i'-i
7%
16% July
Jan'
113%
250
2.50
Mills
Pacific
Stone
Boston Elevated Ry.
Boston Herald Traveler
Boston
16%
14%
25
25%
25%
*
:——-100
Tel & Tel
Pennsylvania
Bird
Feb
100
345
33%
,—*
Mines
Jan
35
16%
13
1
Cos__—-——.
Mining
164% July
Apr
—
5
England Gas & Elec Assn—
5 % 7o
preferred
:
North Butte
29
38
Aug
New
Range since January 1
Shares
High
161% 162%
._—*
—
.
13% Aug
12%
25
5 7o
&
21% Mar
Jan
36%
•
;
Theatres—_—_•
Tunnel
83
Jan
8%
275
31'A
34.50 34.50
"
Copper
Service
National
for Week
Range
42
*
—
Razor Co
Nash-Kelvinator
National
Jan
13
Sep
41%
—
Gillette Safety
./-..v.'-
54
713/4
106% Aug
15
30%
International Button Hole Mach Co__ 10
,•, ./■
15
20
37
70
Sales
Jan
16%
——*
1
•
RR
Jan
92
7'/a Aug
30%
—-——*
64'% July
A
American Sugar Refining
37
12%
—1
Central
56%
100,/
12%
Stores
Boston
Sep
Jan
18
12%
•
common
Jan
Exchange
.Week's
High
109%
5%
80
18
Capital Corp
Electric
Jan
98
150
106
80
pfd—.——»_100
Mergenthaler Linotype
*
Narragansett Racing Assn Inc„
1
Friday
r'7
500
71%
106
Grocery Stores—*
National
Maine
Boston Stock
71%
—_
Engineers Public Service
Loew's
Par
Inc
preferred—:
conv
Economy
Kennecott
STOCKS—
Lines
71'A
——100
100
Jan
July
Low
21
7
——100
adjustment
preferred
7
——-100
51
22,000
High
a-..--.:' >s.i;i,XT
Range since January U
Ry—
59%
$19,500
Ai.t. J
1 >.*
'•
*7
109% 109%
109%
—*
6%, 1st pfd series A
6%' preferred B
'First
■
Shares
Associates—
Street
Mass
General
1975
.,——1975
Transit Co 4s
series
5s
FueJ
preferred
prior
.'General
Bonds—
Baltimore
&
Gas
%%
$2
Low
Par
Co___
Range
Eastern
5%
-
——-100
Employers Group Assoc—
373/4
37
37
4
•
Sales
for Week
Range
of Prices
Passumpsic River RR—
Eastern
May
15
15
Copper
Sep
Mar
&
Preferred
11% Mar
Sep
73%
69
Feb
14
14'A
Apr
7
643/4
90%
common——10
Fidelity & Guar
Jan
2.20
29%
15
90
Vernon-Woodbury Mills com—100
Seaboard
U
.-100
Chemical
Eastern
v
c
L &
18
Apr
>•'//,////
Conn
High
1.00 May
1.656
12
t
E
Last
Sale Price
67
v
Gas
Week's
Friday
STOCKS—
High
16'A
29
Sales
*
Preferred
Consol
SEPTEMBER
(.5
V for Week
Range
Low
*
Corporation
i,
of Prices
Sale Price
8 T O C K 8
IJ 3d
ENDING
Exchange
; Week's
Friday
WEEK
System "Inc
Westlnghouse Electric & Mfg.
*
50
•12%
--
Jun
Bonds—
Mass
series
Street RyA
.1948
—
103
103
S3.000
103
Monday, October 2, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
1430
OTHER STOCK EXCHANGES
RANGE
f
WEEK ENDING
FOR
SEPTEMBER 29
Week's
Friday
Last
Chicago Stock Exchange
Friday
Last
Sale Price
STOCKS-
&
Armour
Aro
common
Co
Washer
Barlow
&
Borg-Warner
Brach
Sons
&
Bruce
(EL)
Co
19%
100
200
1
7
7
100
4%
3%
3%
300
1%
Feb
2,550
3%
Jan
5% Aug
300
12%
Feb
16
27% July
16
15%
16
26 Vs
26'/a
26 Va
100
20
Jan
16%
16
16 y4
400
14
May
18%
Jan
24
Feb
5
100
22
22
100
1,250
4
11%
100
28
ey2
common
22
4%
Jan
100%
370
;
%
100
7%
—
430
58%
Jun
20
7%
Jan
7%
7%
19
19
100
17%
16
50
12%
70
Jan
20
Jan
16
•«
6%
10,200
50 Va
650
44%
Jun
50%
Jan
36
35%
36
24%
26%
Chicago Towel Co—
Common capital —
*
Louis
91%
5
&
Co
(The)
S
Stores Inc
Wieboldt
19
July
98
Jan
13
13%
450
12%
Jun
27%
3,400
24%
Jan
6%
6%
500
4 Vb
Jan
31 %
31%
20
18 Va
Jan
7 Va
7%
200
2 %
J an
'
Consolidated Biscuit ccmmon
V
t
shares
pfd part
c
50
0
-
part shares v t c B
Common
—*
25
28%
Cudahy Packing Co 1% cum pfd—100
Cunningham Drug Stores—
2%
Curtis Lighting Inc common—
2%
101%
Steel
Continental
common
;
Co common
Crane
;28
6%
Co—
Consumers
,
17% Mar
Sep
27%
28%
-25%
100
28%
26%
100
19
7%
93%
28,%
27%
Feb
680
Jan
20%
50
26%
2
1,090
3
3
33
Jan
25%
101%
25%
101
102
26%
Jan
Radio
Apr
43
16
Jan
19% May
1,100
2
Jan
32%
32%
32%
600
16
16
200
12%
Jan
14%
14%
14%
150
13%
Sep
29%
30
1,100
27 y8
Jan
31%
Feb
29
29
400
28
Jan
33 Va
Jun
44%
45%
300,
44 %
Sep
49%
Jan
25
——15
25
16%
250
12
Jan
35
570
33%
Jun
400
77
Apr
82%
23%
Jan
common.—10
12%
Diamond T Motor Car common.
2
16 V*
Dodge Mfg Corp common..
*
1
14
13%
6
5%
(Alf) & Cohn Inc
Curtiss-Wrlght
General Electric
class A
Domestic Industries Inc
Iron
Sep
Corp
Pure
Radio Corp of
Jan
8
Jan
16 Va
14 y4
14 y4
1,050
600
13%
2,300
Co
15
33
33
33%
350
29% ,Jan
common
Metallurgical
—;
*
10
33%
30%
34%
750
17
34%
13
13
13%
300
~VA
27%
26
27%
1,700
50%
5%
Fansteel
Auto
Four-Wheel Drive
Fox
<Peter) Brewing com new
11%
550
7
7%
1,050
4%
Jan
7%
8
350
5%
Feb
42%
7%
1
5
•
capital
Oil Co (The)
common
America common
1
—*
•
"
•
Republic Steel Corp common
Brands
Standard
Corp
General Finance
5
1
——0
10
*
Foods
General
common
common—
May
10%
U
S
Rubber Co
common
Corp
common
Safety Razor
common
General
Motors
Gillette
——
•
W
Aug
30
12 Va
650
Feb
12% Aug
2,150
24%
Jan
28
Jan
71% July
66% July
64%
Brew Co G
Heileman
Spencer Bartlett common
Hibb
B_
Houdaille-Hershey -class
Hubbell
Hupp
Inc common—..
Harvey
Motors
50%
100
44%
Jan
50 Va
5%
300
3%
Jan
42%
100
40 Vz
Jun
62
6
Sep
43% July
Champion
Katz
Co
Drug
Switchboard
Kellogg
Ken-Rad
A—
com
&-Co
Leath
25%
15%
.
53%
West
Middle
49%
United
Midland
Iff
Util
Range
Low
prior
preferred A
7%
preferred A
Miller
Hart
&
July
C
O
N
P——
T
&
Jun
100
37
Jan
17 Va
100
13%
Jan
47% Aug
18 % Aug
Crosley
17%
20%
200
19
Feb
20%
Sep
Dow
4%
400
Aug
:
600
16%
16
16%
450
22%
23%
600
6%
6%
50
17%
17%
200
——'
•
—
1%
6
Jan
Mar
8% Aug
10%
Jan
19% July
19 %
Jan
23 Vz
4
5% May :
13%
Jan
.
—
Jan
■/
18%
6%
Jun
4
6%
750
4%
7
7%
800
6% Aug
21%
1,250
10 Vz
Jan
21%
52%
52%
40
47%
Jan
52% 'Sep
8 % Mar
Sep
Modine
Jan
4
Jun
6%
100
3%
Feb
7%
7%
2,800
6%
Apr
8% July
120
22%
Jan
47% Aug
44
11%
100
16%*
400
7%
11%
11%
16%
—
44
7%
250
11%
11%
3,250
8% May
13%
Jan
5% Mar
9%
Feb
13
Va
%
2,800
20%
1*0
Sep
July
17% July
7%
Sep
12 Va
Aug
Jan
_
-
—
July
25%
2,700
25%
9
14%
2,850
5% Mar
16%
_
15
2,050
5% Mar
17
100
%
Jan
1
2,300
Ve
Sep
lVs
Hilton-Davis
A
—
c
Kroger
Lunkenheimer
——
Magnavox
1,400
1%
Jan
3%
<fe
Gamble
U
U
preferred
S
S
300
9%
Jan
—
Printing—
——50
Preferred
Feb
32
31
3%
150
3%
52%
51%
52'/a
29
■
Nachmann
Springfilled
29
29
*
250
28
2%
Apr
American
25
capital stock.
Noblitt-Sparks Ind Inc capital
North
100
41%
Apr
52 Vo
Timken
27 y2
Jan
30
Northern
Illinois
Northwest
West
Nor
7 %
Corp
Bancorp
Util
lien
preferred
Nunn-Bush Shoe
18%
400
12%-
850
11%
Feb
13% July
36%
150
32 y2
Jan
38
pfd
..
47
19
19%
Corp common
21%
120
—.100
Peabody
Coal
6%
Penn
Co
preferred
Elec
For
Switch
footnotes
B
6
—
common
5
•
9%
3%
see
A
page
_
1435,
Feb'
Jan
108 % May
Jan
9
Mar
Jan
7%
72
80
July
Aug
11%
212
8%
Jan
11%
21%
93
17%
Apr
23% July
150
May
Jan
Apr
14
Jan
40
Jun
101% Aug
103
V'Jan
Jan
19
7%
12%
40
70
103
3
19
19
185
15
5
8
5%
10%
29
7%
July
Sep
24%
40
24.
Aug
25
Sep
42
25
39
Mar
45
July
35%
36%
25
36%
24%
42
26
8%
160
60
8%
40
8%
6
8%
57
58
168
229
57%
31%
Jan
36% July
21
Jan
26
Aug
Jan
9
Mar
229
6
5%
8%
6%
Feb
52%
Apr
59
Apr
229
227
Sep
July
Sep
46% July
45%
12%
38%
45%
25
40%
Jan
12%
38%
12%
38%
100
8%
Jan
13
July
35
Apr
41
July
120
12
Jan
17% July
86
15
Jan
24% July
14%
14%
;;
15
21%
22
r,
16
161
3%
Jun
5% Mar
4%
4%
61%
62%
172
51%
Jan
66
29%
29%
200
28%
Feb
33% July
49 Va
62%
Bearing.
Friday
Last
Sale Price
stocks—
49 Va
10
43%
Feb
52% Aug
July
50
13%
100
-350
13%
50
21%
150
14%
33%
Jan
Jan
17 Va Mar
18%
Sep
July
47
Sep
20% Mar
Brewing Corp of
-i.l
Cleveland Cliffs Iron preferred—^—»
Cliffs
Corp common
——
5
10y4
Apr*
16%
Jan
10
95
Jan
125
July
Eaton
30
70
22
Jan
34
Mar
Electric
14
14
10
13%
Feb
13%
22%
9%
3%
9%
100
18%
3%
500
87
17%
18 Va
9
3%
May
for Week
Range
Shares
6%
6%
Detroit
&
Cleveland
300
100
—
Controller
Tire & Rubber Co
*
——25
General
11% July
Tire & Rubber—
—*
Greif Bros Cooperage class A—!——*
Jan
79
Jan
16
Sep
94 Va Aug
19% May
Halle Bros common
Preferred
—
Feb
6% July
52 Va Aug
50%
153
21
345
18%
79
125
63
Jan
85% July
17%
718
13 V*
Apr
19
6%
200
17%
6%
53
23%
.23 Vb
50%
—-5
-100
16
51%
50%
4%
Jan
Jan
Jan
25 Vb
22%
July
Jan
July
7% July
14
41
Jan
50
Jun
100
50
Apr
57
Jan
23%
100
a47% a47%
50%
14%
53
a46% a46%
51
46
60
4% May
30
40%
Feb
21%
20%
.79
17%
—
14% July
450
5%
50%
21
Navigation—5
Mfg
Hiah
Low
.
Sep
Sep
Range since January 1
High
.21%
America—.——.3
City Ice & Fuel—.——
Clark Controller ——
120
20%
6%
Sales
Week's
of Prices
Low
Par
120
86
...
class
99
103
19
Goodyear
Omnibus
Feb
Cleveland Stock Exchange
30
LL'
*
100
—2%
common
46
19%
common-
common
prior
4
3%
107% July
Jan
100%
12%
•
Feb
12%
46
5
79
Feb
11
29%
Brands
Roller
Sep
30
*
36
18
20
Car common
American
810
2%
21%
..
10
Motors
General
Aug
12%
1
10
8%
76 Va
21%
Rolling Mill-
City Ice & Fuel
Columbia Gas
3% July
36
common-
Cylinder Gas common-
National Standard
40
3% July
Unlisted-
11% Aug
11
31
_
_
_*■
*
100
——10
————1*
Playing Card
Akron Brass Mfg
National
13% Mar
8
—*
————
—
Procter
Jun
10%
.10
*
Montgomery Ward & Co com..
111% 'Sep
May
76
2.50
—...
Meteor
Jun,'
Apr
10
303
105
—5
*
Preferred
High
34%
109
39
preferred—_—*
-,ar.
1
Sep
2%
%
0
Muskegon Mot Spec class A
105
Feb
5
104%
105
25%
Sep
18% May
rc
%
•
Range since January 1
Sep
—
common
20% July
53% July
Sep
9
it
Co
58 Va July
Apr
Feb
Sep
9
9
24
$
common..
Chemical
104
——
Drug
class
104%
*
10
—i
Art.
Hobart
10%
—*
Corp
Inc—
preferred
Mfg
Monroe
1%
7%
2%
prior
1,800
6%
7%
Common
$1
.4
Sep
14
Jan
6%
3%
20
50
—50
"
Drug
Gallaher
Jun
8% July
18
6%
™.
Stock Yards
Eagle-Picher
8
51
40%
10
111% 111%
Sep
7%
July
21% July J
32% July
Low
177
31%
17
100
:
30%
Jan
23
*
100
100
—100
lien
6fc
Shares
13
20
7%
12
Apr
Apr
28% Mar
High
700
*
Mar
;
Sales
for Week
Week's
of Prices
17
Standard
A
49%
6
•
prior lien
6%
100
176
Cincinnati Union
I
Convertible preferred
Midland
2,150
,
2%
Co—
Common
/
3%
12%
1
—5
capital
Corp
20
300
53%
18%
10%
Jan
•
Mickelberry's Food Prod com
■
2%
9%
common—
common
■
Sep
18
16
150
•
51% July
8%
1,450
3%
350
*
Dredging Co
Field
18%
Feb
Jan
15
400
11
10%
*
•—
Advertising Products
*
Ball Crank
—5
Cincinnati Gas & Electric preferred.100
12
*
Marshall
_
15%
10%
18%
18%
Jun'
29
23%
37%
150
;
■V
Cincinnati
12
7
McWilliams
25%
Cincinnati
Cincinnati Telephone
McCord Rad & Mfg class A
21% July '
Churngold
20% Aug
5
common
17% July
Jan
Jun
21 Va
Libby McNeill & Libby common
Apr
15%
July
66
Feb
8%
1
LaSalle Ext Univ common
11%
900
13% Aug
8
Apr
1
*
*
50
common
Tube & Lamp
16%
400
18%
49%
4%
20 % May *
Jan
400
18%
18%
Feb.
51%
Jan
4%
10% July
16%
Jan
45%
Jan
39% July
Jan
20
38%
45%
6 Va
Apr
7
19%
150
15%
~r—
•
16 %
20
550
19%
1
Kentucky Util Jr cum pfd
100
9Va
July
35
950
400
100
—1
common
1.000
:
12%
300
•
(W B) Co capital-.
Jarvis
Jun
5%
37%
48
20
100
Indep Pneum Tool v t c new
Indiana Steel Products common
4%
5%
9
62%
20
10
Illinois Central RR common.
Jan
3 7'/a
20
Paper preferred——100
19%
1
Co capital
56%
_5%
Mach—;
Laundry
American
Gibson
Illinois Brick
100
Sep
20
—25
—*
5
(new)
common
350
62%
37 Va
Last
1
cap
66
62%
66
56%
15%
20
*
>
July :'
27%
Sale Price
stocks—
10
& Dk com
Dr
Printing Co common—
8% July
44
Feb
9
Sep
7% July
11%
Friday
July
Cincinnati Street
Hall
July.
26%
47%
17
12
34
100
42%
12%
62%
Goodyear Tire & Rubber common—*
Gossard Co (H W) common—
—
Great Lakes
—
8% Jan
Cincinnati Stock Exchange
Sep
13 % July
Jan
23
42%
■
v
12
Par
General Amer Transp common
Apr
14
11%
27%
*
25
1
10
common—
Standard Oil of N J
36% July
5
11%
11%
•
Corp—
Aug
13%
Elgin National Watch
Corp
200
6% Mar
14 %
13%
Electric Household Util
1,250
July
8% July
3% Jan
7%
^7%
;
63 % July
133
14% July
Jan
34% Aug
Apr
Jan
13 y4
1
t—•
•
Incorporated
Jun
5%
50%
120
100
*
(Glenn L) Co common
Pullman
10 %
150
600
Sep
Jan
Sep
50
6
31%
57%
129
5
Paramount Pictures Inc
Sep
"7%
2
Co
Sep
16%
129
"
St San com
Aug
13
%
56
57%
,;
13
——I
Mining
50
Atch Topeka & Santa Fe Ry com—100
Bethlehem Steel Corp common
•
New York Central RR
Feb
6% May
650
13
31%
5
100
Studebaker Corp common—
Decker
,
36% Aug
79
Copper
Sep
Sep
16%
16%
34%
78%
.
Stocks-
Unlisted
Martin
34% Jan
17% July
18% Feb
Sep
,
Aug
2
*
capital
Nash-Kelvlnator
Mar
44%
31%
Jan
3%
—*
com
Corp common—
Jun
5% July
Apr
27%
350
3%
*
Mach
Yates-American
:
Interlake
13%
27%
200
19%
common—
63 Va
13 % Mar
33%
*
Industries
Jan
78%
Sep
3%
common.
Sep
50
12% Aug
18%
Common
Zenith
15 Va July
Bankshares—
Wisconsin
Woodall
18 V*
Jan
32
common—
400
50
Feb
Feb
6
3%
:
T
18%
6% Aug
Jan
18%
5
—
Anaconda
15%
3%
350
6
28
Carbide & Carbon
Steel
18%
*
common
American Radiator &
10
■
capital.,
Corp
64% July
91%
Sep
5
South La Salle Street Corp
,
Sep
98%
5%
1
capital
capital
Co
44
91%
15%
Feb
common
International capital
29% July
25
1
Corp
39
15%
*
Yellow Cab capital—
;Jan
20
Indiana
of
Oil
■
25% July
Jan
11
1
Sep
Aug
21%
Aug
11% Aug
85
—
Sep
55
100
'
400
pfd—
Dredge
Common
23%
10
24
•
400
capital..
Nat Stockyards
Standard
34%
57
57
24
20
Jan
10%
450
46
45
46
00
6%
17% Mar
13
400
,
50
100
Aug
26%
5
•
50
11 Va
15%
common.—
cumulative preferred——
Utah Radio Products common
6% July
4% May
6%
i-
;
19%
11%
.
98%
7%
Sep
49%
6%
«
19%
!
:
Apr
4% May
Jan
15%'
capital
United Air L Transp capital
"
._1
19%
250
July
•'
43
Feb
3 y4
250
208
Sep
10%
i
Jun
16
■■
—
70
67%
70
82 %
38%
300
13%
Trane
Sep
Aug
71% Mar
170
4%
11%
Texas
tS Jun
ii Aug
119 %
Jan
190
41%
4%
13%
Swift
Sep
Jan
82
40%
4%
97
Corp
Stewart-Warner
Jun
Vz Mar
111
10
Aug
81
40%
11%
U
119
Sep
15%
July
100%
2%
98%
Sundstrand Machine Tool common
12% July
Apr
Jan
13%
Union
88%
1%
11%
Standard
Feb
Va
250
*
-t
Jun
7%
Jan
9
2%
V
5% Aug
2
St
"I
May
28
Jan
100
900
1,250
—-
preferred....
5Vo
300
6%
11%
6 y2
119
-
..5
Shaft com new.
Flexible
3%
450
28 '/2
11
100%
4%
V\
Jan
*
common
Corp class B
31V4 July
2%
26
—a
1
capital
Co
Jan
100
*
Swift
1
5
—1
10
&
High
100
4%
Signode Steel Strap Co common
41% July
39 y2
Chicago & North Western Ry—
Chicago
Jan
39 y2
*
for
34%
16%
...;
t c
20%
400
't
V
11
Jan
19 y2
—
for
12% July
Jan
Jan
11
common
Spiegel Inc common
July
8
10%
19
.
Burrell Corp common....
Chicago Corp common
Convertible preferred —^
c
17
pfd—
Electric Co common
Cummins
Low
29 Va
81
.4
Roebuck
Sears
Range Since January 1
High
Sinclair Oil
Apr
8'A
250
io y2
10%
19 y2
"
10
Mills
Schwitzer
Serrick
3% Aug
5
pfd
Cherry
t
7% July
Jan
4%
_«
V
I
*
10
Mfg Co common.—.
Hosiery
Sangamo
Sep
Jun
2
3%
a
Chicago
22 Va
Jan
5
1
50c "
Common
Preferred
6% July
7% Mar
1%
Rollins
Corp—
Secur
lien
Apr
•
__
common
Central S W Util common—
Prior
4%
*
Pub Serv $6 pfd
Illinois
III
400
5
—
common.
Ring
Central
6
<
ii'/o
Shares
4%
29
1
common.,
Co
Mfg
Reliance
Aug
1%
5
Brothers
Central
164
Wire—
:
Piston
Butler
Jan
Low
50
common
.—5
Raytheon
Aug
156%
108
10
19%
>
Common
Burd
115
250
Packing
of Prices
2%
capital
RR
(The)
Corp (The) common.,
Oats Co common
Quaker
Rath
'
Sep
May
162 '/a
5%
1
Corp common—
(E J) capital-
Fence &
Brown
18%
Jan. .'
115
Co
Process
Jun
162
Corp
Brewing Corp
Laughlin Inc common
Berghoff
12%
Potter
Aug
115
5
*
10
common
Radio
Belmont
Bliss
Co
250
8
Jan
3
Seelig Mfg A com
&
Mfg
18'/a
18
64%
Feb*
3
common.:
(Delaware)
Bastian-Blessing Co common..
Belden
4%
1
Athey Truss Wheel capital—i—
Aviation Corp
53%
700
1
4
Mfg Co common
Automatic
50
7%
62
7 Va
1
High
Low
a
common
Equipment Corp common
Asbestos
7%
Castings
Aluminum
Advanced
Pennsylvania
Range since January
Shares
High
62
62
—*
5
Aetna Ball Bearing common.
—1
American Public Service pfd.—.—100
American Tel & Tel Co capital—-,-100
Laboratories
Abbott
for Week
Range
of Prices
Low
par
Par
Sales
Week's
Sales
for Week
Range
Sale Price
stocks—
16%
51%
50
100'
19%
36%
Feb
25%
Feb
50
43 % May
51
Jun
Jun
Sep
12%
Feb
16% July
47
Feb
51%
Sep
-
Volume
1431
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4321
160
OTHER STOCK EXCHANGES
Friday
(M
Hanna
A)
$5
pfd
cum
*
;
-
*.
Low
High
102 Va
150
106
106,
"
Harbauer
_A
Co
Interlake Steamship
Jaeger
Jones
Machine& Laughlin
x—-L-
—
Kelley
&
Sessions—
Portland
Medusa
Metropolitan
National
Nestle
22%
200
*
22 %
*
Oil
Dorn
Apr
12%
Jan
•
Farnsworth
Paint
32J/a
41 '
Jan
Gladding,
45 '%
Jan
19 %
;■
15%
-
260
2
Jan
2%
8%
Jan
13%
a37'% a37%
Glidden
a23% a23%
—
New York Central RR common—,
-
a
__
Ohio Oil common—16%
Republic
U
Steel
Steel
S
common
—-*
——
_/•
;v
Oil
,
19%
Feb
18'%
Jan
Co
Rubber
A
Co
com—*
25
..
Sep
20'%
Apr
21% July
;.
Gas
%
7
;
.
•
-
•
.
Elec
Drop
Range
Petroleum
1,
common-
Oil
9
common—.^/,.
McLaren
Brown,
16%
Consolidated Paper common..
/**500
;
10
Cleveland
&
convmonx^xx«-i.xx«. .-20
Detroit
Edison
Detroit
Gray
Iron
Detroit
Steel
Corp
Gar
1%
1,230
Jan
Jan
'1%
280
1%
14%
Motors
20%
17'%
1.00
97 %c
1.05
1,920
95c
Jun
Feb
pfd
common—
of
Feb
Grand
Hall
Ball
&
Lock
Hurd
....
Kinsol
Drug
Jan
528
52'%
Feb
1'%
Feb
#•.
!
40
4'%
4%
3,910
a52% a52%
40 40%
13% 13'%
•
4
4
8%
9
GO
100
3
300
common
common
_
Cons
4
815
1.350
95%
790
6
Jan
21
...2
common..
96c
Apr
Jan
.
7
;.
Borden
Apr
25'%
Sep
394
30'%
Apr
32'%
Feb
617
29%
Jan
31%
22%
Feb
Jan
33% July
39
5%
5%
150
5'%
Feb
17
17
1,000
13%
Feb
17
9%
9'%
1,178
8'%
Jan
a22% a22%
2
18'%
Apr
10% Jun
22% July
Sep
20'% July
Jan
15
May
21
Sep
177%
18%
13'%
2,470
13'%
115
12
21
Co—10c
ix—1
Mng
21
30
18
18%
Case
16%
Caterpillar
i'%
1%
2.400
Jan
50c
May
Sep
■'/"
2% Mar
May
'•
10c
4c
1.25
July
7% July
Jan
6c
6,000
Jan
Sep
10c
1.10
200
Jun
May
5c
May
1.45
1% c.Feb
1,000
Aug
'
11%
12
a38% a39%
350
al62 al61% al62%
263
*a44% a44%
a26% a27'%
a64% a657%
10
5
1,122
*
Corp——
—
100
Works vtc
5
5
9
30
Jan
12% Aug
36%
Feb
43'% July
156'%
Jan
163% Aug
42%
Feb
230
24%
Jan
28
187
56
Jan
70
a23'% a23"%
.=
43% Feb
July
July
5'% Aug
3% May
250
15%
423
2
62%
a44% a44'%
61% 62
a32%
a32'% a32%
—13
—
_x—_—5
15%
__
—5
*
Corp
19'%
,
Feb
15
•V
Sep
57%
435
91
30
a39% a39%
25
36% May
100
87%
__
alO
a36% a36%
10
a49% a50'%
70
—
23% Aug
18'% Mar
45%
34% Jan
—
——„u—5
Tractor
4
July
1
Cons
Aug
Co
Gas & Electric
Columbia
1% Aug
25
.—25
—x-*
Co
Ry
Co
I)
(J
Commonwealth
57C
1.25
1
Co
Pacific
18'% Aug
v
9c
4c
4c
1.25
1
■
Borg-Warner Corp
Canadian
Feb
Aircraft
Vultee
Corp—.
Southern
&
100
4%
Jan
5% Mar
Continental Oil Co
1%
Jan
1% July
4%
-1
4%
}§
1
al5'% al5%
a7'% a7'%
jg
al5%
1
Corp
Curtiss-Wright Corp
alO
-*
*
—
Corp
Continental Motors Corp
1,220
1%
814
30%
Sep
Apr
66'% July
Mar
33'% Julv
3:
;
36% May
Sep
Jan
5
May
Sep
__
15
8%
1'%
July
4% July
10
24'%
18%
10
Co
14%
57 ■;
15
Jan
31%
pfd—*
Bethlehem Steel Corp
Aug
V 1'% July
9%
Oil
Aviation
Bendix
110
.
Jan
34%
__
25
Sani
Locomotive
Barnsdall
100
—
42 Va Aug
Jan
10%
570
—;
300
■
36%
215
a27'%
a65%
17%
900
240
474
28
14
15 %
1,857
Jun
35%
5C
21
3%
51%
35%
9%
Inc—5
Copper Mining Co
19
81c
Sep
47% May
25'%
17
Atchison, Topeka & Santa Fe Ry„10G
Aviation
Corporation
1
—3
65% July
1'%
3%
4'%
__
Tel & Tel Co—
Baldwin
80b
Jan
Jan
3'%
»
5'%
3%
Jun
July
30%
Smelting & Refining Co.—*
;.!
Julv
5'%
80c
Jtilv
28
Company
Mng
Stan
&
17'%
15%
.1
.
May
.
7
42
.
Stocks—
Rad
21
-1
..
28
200,
Sep
—
,/
Anaconda
Jun
7'%
IVa
1%
5'%
32% Aug
21 '/a
•
25
*
Co
1st
34% July
46
31%
31%
30%
American
v
,
13% Sep
-r.
9'%
1
,
900
Jan
37% July
1
7% May
—
„
2
Oil
14c
Jan
5'%
—__1
California
Gold
Unlisted
1% Aug
1'%
*
19
20%
5%
__
American
'
Sep-
21
62%
...10
L—
common...
LaSalle Wines
4%
8
common
Products
Kingston
11% July
591
—5
Bearing common.Car
Mfg
&
313
7
■
225
:
40
*
—
33% Jun
Jan
•
—
Calif
Consolidated
Mammoth
Amer
i
7% July
62'%
1
—
Houriaille-Hershey class B
Motor
13
7
Jan
'
tu'%
25
Ltd
'!
Jan
90
Sep
Sep
1.25 Mar
Mar
30
Mar
"•;..
Jan
32%
25
5%
25
'$'•
f
2'% July
17
Jan
75c
7
common
Lamp common
Hudson
18%
500
1%
..10
.
Valley Brewing common
Hoover
Jan
4'%
923
12%
35'%
100
20%
—
Co
Oil
490
33%
—
25
of
Co
37'%
'44c
Jan
a44'% a44%
a44%
•
C
Oil
30%
33%
1
-
Calif Edison Co
7c
769
36%
—
—30
Ltd
200
a32% a32%
.
1
Co,
7c
33%
7c
/
1
—
preferred class B
preferred
7c
32'%
1
——*
Pacific
1
9'% July
5%
common
Graham-Paige
Jun
10
Jun
280
1%
—3
Jun
14% Aug
Jan
—x.—25
-
_*
v1
Jun
2'%
Jan
0
6%
>
500
800
1%
24c
■
Jan
Jan
25
Stores
10
Jun
Cons Chollar G & S Mining Co
Range since January 1
Low
High
6%
12%
common
Industries common
Wood
General
...5
common—
Jan
Aug
Mining Stocks—
20% ' 20%
'
4c
677
6
11 %
.
16%
; Z 6'%
■
500
14
Jan
16'% July
30c
American Viscose Corp
common.-10
Nav
14c
92 %c
15'%
Taylor Milling Corp
Transamerica
Corporation
'
Detroit
Jan
131
Company
Chain
Cardinal
-
•
9'%
1%
16%
'
-1%
"
2 Vb
.t*
9
9'4
Feb
1%
178
25
Corporation
Aircraft
'Black
High
2':
2%
Jun
8%
700
2,650
Co
Standard
...
Shares
5
.
Baldwin Rubber common—L——.—i ■'
72 %c
150
14c
———*_25
Co
Aeronautical
5%%
for Week
Bale Price
common
Forge
1,600
4%
Jun
May
42c
*
1
6%
Sales
Week's
Last
Electric
75c
15%
4 V's
53
20%
17'%
1st
'v
Exchange
Friday
Atlas
-
Apr
41c
—
preferred.X——•
Universal
Allen
47
Sep
49 %
Jan
38%
15%
__
Public Service
Union
Low
37
17J%
common-
Weber Showcase & Fixtures
\-i.
Sep
14%
20%
Ltd—
&
Transcontinental & Western Air
■
52
Jun
:
42
■:
1
Sunray Oil Corporation—
Telephone;. Randolph 5530 v >
STOCKS—
a47% a47%
42c
* •
New York Curb Associate
Chicago Stock Exchange
•
Detroit Stock
Jan
17'%
1
—
DETROIT
,
Feb
14
common
Sinclair
'7..
•
;
11% Aug
10
—
Lighting Corp
Sontag
Ford Building
.
7.
,
7
>'%>
:
-
65 Vb
Jan
75c
10c
.
Southern
'
Jan
7'%
—10
1st preferred
1st
Southern
•
52%
160
1
Safeway Stores Inc
Security Company
Members
:
Jan
460
10%
38'%
4%
Pacific
Solar
.
Sep
July
14'%
100
__
1
—10c
preferred—
1st
5% '/c
5%
63% July
Apr.;/
50'%
82
6%
,
Feb
Watling, Lerchen & Go.
.7
66
490
:
Jan
300
1
•
Co-
Corp,
Pacific
21%. July
Jan
15%
16
39
Nordon
July
Ryan
:
Jan
97%
42
—
-
Rice Ranch Oil Co—
:. v
460
14% 14%
a47%a47%
—
common
Company
Mfg
Republic
Detroit Stock Exchange
1
1,034
42
__
x
Aircraft Corp
Angeles Investment Co
Menasco
39'% July
>
15%
264
Los
Jun
24
Jan
35
22
10%.'/
a56% a57%
New York Stock Exchange
10% July
Jan
55'% July
10%
a62%
Pacific
.',r*
24% Aug
.
a62 a62%
•
Co.
Jade Oil Company—
Lane-Wells
25
18'% al8'%
10'%
•
common
v "
al8'% al8%
•
14
7%
Jan'
Jun
13% July
•
Sep
10
common
486
14
—
&
Holly Development Company
Sep
351
157
Co
486
13%
'
1
Lockheed
.
247
—
Jan
450
a22% a22 %
,
300
66
*
Hupp Motor Car Corp
/.;V/v.
common__10
9%
66
—100
Radio
Hudson Motor Car Co
2%
14
General Electric common
Addressograph-Multigraph
9%
.—10
Sep
17%
2%
•■
20'%
*
Jan
9Vb
850
1
.
Lincoln Petroleum Company—
Unlisted—
2.690
May
95%
May
24
common
Tire &
Hancock
44 % July
17%
a-
&
Corp
McBean
Goodyear
Sep
Jan
13%
00
9'% May
Sep
Sep
Jan
14
100
High
73
Jan
37%
24
Corp common.-
Preferred
20%
•'•-•,■13. % Aug
11% May
40%
*
%_ /
45
2.720
"
Motors
General
32%
*
24
-
-
Television
General
25
—2
Low
54
63
4%
a92% a92%
12 13 %
13%
*
America
Feb
9
•
195
—i
Stores—.
of
2% Aug
Jan
a43% a43s/B
.1
Drug
4%
5
—*
Farmers & Merchants Nat'l Bank
Sep
a44% a44%
Works
Iron
120
25
—
Refining
Weinberger
1%
61/4
80
4%
—
Douglas Aircraft Co, Inc-
4% Mar
Jan
Mar
-.—x*
of Ohio..—
Thompson Products Inc.
Warren
3%
1.533
1
—
Range Since January 1
High
63
-
Creameries
Sep
Low
.
63
Shares
Sep
110
126
201/4
40
Co.-
Preferred.
,
Jun
7%
22%
100
40 'A
40 %
13 %
15% Mar
Aircraft
Corporation
Consolidated £teel Corp
27% July
Jun
100
:ir
al2% a 12%
*
——
for Week
bf Prices
-100
Corp
Chrysler
Jan
23
Investment
Cessna
Sep
34% July
Mar
51/4
91
7
•
Jan
11
258
■
•
2%
,
201/8
5
—
Bros
Standard
21/4 ;
<■
■
120,
■/,« 7.
*
Electric
Richman
4
3%
*
;
i
120-.;
———*
A
Corp
Reliance
Van
100
6%
Brick—,.—1_
—
LeMur class
Packer
962
6%
12%
7%
>■:'
Feb
20%
10
131/s
May
20% Aug
13
a24 % a24 %
*
Refining prior pfd 6x*
National Tile
21
Par
Central
106% Aug
Jun
31
143
'
—*
;
_xx_—
Cement——
Paving
331/2
21
33
i——Lii—
Island Lime & Tr——
Lamson
71/4
32%
IV« /
*
*
Sale Price
High
.7
110
Last
•
STOCKS
Range Since January 1
Shares
of Prices
vLomi
Par
Sales
Range
-
for Week
Range
Sale Price
STOCKS—
Week's
Friday
Sales
Week's
Last
'
ENDING SEPTEMBER 29
FOR WEEK
RANGE
u.
12% July
34%
Apr
38% Aug
45'%
Jan
52
Jun
Feb
160
4'%
Feb
5
450
%
Feb
1 % July
100
117%
Jan
5'%
15%
Sep
Jan
8%
Jun
10
30% Mar
32'%
Jun
al87% al8%
5
(Del)
Crown Zellerbach Corp
Jan
22
16
5%
300
37%
610
85
a28% a28'%
__
5
19% Aug
Apr
'
Screw
Masco
Products
common.
McClanahan Oil common
__
1
.
<
T'%
Michigan Die Casting common
Michigan Sugar common.
1
.
#
Products
Motor
Park
Chemical
Co
common
Car
—
-
■
1
:
"~
/
8,563
1'%
650
65c
100
5
Jan
10% Aug
22'%
100
16
Jan
24%
common
Mtl
Prudential
Invest
Pr
360
2% Mar
3%
Feb
6% Aug
*
Kemrecott
common.
•
2%
500
1%
Jan
2% July
3%
1.100
3
Jan
3% Aug
3%/
37%
148
3%
Jan
12 %V 12%
400
9%
Apr
12%
Sep
North
1.570
3%
Jan
5%
Jun
North American Company
—
30
326
12
/
115
25%
Jun
McKesson
&
Sheller
Mfg
Standard
1
common
Tube
"B"
common
Union
Invest
Universal
Class
Warner
_
_
1
_
...
"
5%
common
1
—T-
M'%
'
.
2'%
500
1'% May
3'%ij
3%;
460
2%
Jan
3% July
5%7
r
'■
City Copper Co
: •.
'
(
Central
York
American
1%1
Week's
Last
; -
100
5%
Jan
150
.
6
Jun
6%
Jan
13%
Aug
1%
Jan
4% Aug
v
Aircraft
Bandini
Barker
Accessories
Petroleum
Bros.
Corp
50c'
Corp
J
Company
common—.
Berkey & Gay Furniture Co__
Blue
Diamond
Corporation—
-
6
<5%
Jan
2
Radio
Jan
5% Aug
775
98c
3»%
—IZi
Byron Jackson Co
For
fgotnotes
23
Jan
25%
Sep
*
51%
51"%
391
42
Apr
51%
Sep
5c
1%
1%
100
1%
Feb
1% Mar
15%
Jan
21% July
/■'''
page
1435,
•••■•.
-v/
18'%
*
1
__
.—10
—
•
Inc
Pulman
18%
485
9y4
9'%
120
al8'% al8'%
7
53%
390
Shares
Aug
50
3,575
15%
12,266
17
150
1 2
a29%
—
*
—
Republic
__
*
—
9% July
7% Jun
16'%
3%
19% Aug
Jan
Jan
6% Aug
a25% a25%
50
28%
Jun
a28% a29%
111
267%
Jan
30'%
Jun
a22'% a22%
70
20%
Feb
24'% July
a47% a48%
75
al5% al5%
172
25
Va May
44
50'% July
May
18
15'% Feb
Mar
•
Oil Company
Roebuck
—
•
Brands,
Jan
2
3% July
12%
Jan
%
Jan
6
6%
17
—*
Inc
Oil
Co
Oil
Co
(N
&
Webster,
Studebaker
—25
J)
—
Sep
Texas
Tide
_25
—
Gulf Sulphur Co——
Water Associated
—
—
—
—.1
—
25
Oil
Co
*
—10
10%
233
8%
Apr
18'/a
18%
545
16%
Apr
July
21% July
a20% a20%
a97'% a98'/2
12%
12%
25
21%
Sep
24%
143
88 %
Mar
97% July
290
12
Feb
14'% July
—
—
—
•
28
Feb
July
22'%
Jan
50
29
Sep
31% July
a32% a32%
221
32
Sep
34'%
a53% a53%
24
a25% a25%
—
—*
Inc
Corp
Texas Corp (The)
Feb
—
a29%
—
(Ind)
Stone
Hi&h
a98%
15
Standard
Range Since January 1
__
of Del.
Co
6t
12
107%
»
Steel Corp
a29% a29'/2
alO% al0'/2
J19%
19%
..
60
40
53% M&r
8 % May
Jun
55% Mav
10%
Jun
a44% a45%
13% Apr
20
45%
540
49'% July
Sep
July
a34
75
33'% May
37
al5al5'/8
15
13'%
Jan
16% July
a77% a79%
al08% al08'/8
135
78'%
Feb
82
July
108% May
a33%
July
Jun
J/4
300
2% Aug
Union
Carbide
2.30
2.30
325
1.80
Jan
2.50
Juiy
Union
Pacific Railroad
17%
210
151/4
Feb
17%
Sep
United
Air
a23 % a23%
60
21
Apr
22 %
Jun
United
Aircraft
2%
__
—25
Corp of America
Standard
Low
6
'
53%
1
Incorporated
17%
2%
—2
—
see
4%
17
Broadway Dept Store, Inc, com—.
8% July
100
Co
Standard
High
5
'•
Apr
950
,
for Week
of Prices
Low
*
6%
7%
■
Pure Oil Company
July
Sales
Range
Sale Pricfe
Par
Aug
33'% Aug
25%
—
Pennsylvania Railroad Co
Phelps Dodge Corp
Jan
4%
300
5
Car
2%
Angeles Stock Exchange
'
Jun
19 Va
Feb
7%
RR
Pictures,
850
Sears,
stocks—
31%
Jan
25%
Aviation, Inc.
500
■'■■"•
47%
,1%
Motor
Packard
Seaboard
'
Apr
12
30'%
.
Paramount
5%
4%-
Friday
257%
—18
Robbins, Inc
Socony-Vacuum Oil Co
Southern
Railway Co
Los
50
20
Jun
7% Aug
Feb
2% July
12'%-f 12'%
4
Lj 4'%
4
4
Wayne Screw Products common
5%
4%/
8
A—-Li-
'
4'% July
2'%
V
_
_
Aircraft
5
5%
8
_
8
....
'
.3'%
common
Cooler blass
B
;;
'
1
.
Tivoli Brewing common
Udylite common
12'%
Mountain
New
'
-10
53
Mar
1%
2% Aug
2%:>,
43% July
43
402
7'%
Feb
40% May
10
a32% a34%
a34
7
13%
1%
39'% July
35'%
610
a29% a29%
Copper Corp
31% Aug
Jan
2,700
8
common
Jan
Feb
ai7% al7%
__
Libby, McNeill & Libby
Apr
9
'/2
_
River Raisin Paper common
Scotten-Dillon
6'%
4% Jun
15
a42a42%
a51'% a51%
5'%
5%
„
*
.—
Montgomery Ward & Co, Inc__
(HW)
37%
...
*
2
O
Rickel
5%
*
—x—*
1
International Tel & Tel
2'%
2%
.....1
common
*
*
Corp
,Tnt'l Nickel Co of Canada
4'% July
504
Foods
(Goodrich (B F) Co—
; .Graham-Paige Motors Corp
3%'
1
.
General
Jun
3%
12
..
common-
General Electric Co
1
Aug
5%
30
•
common.
Peninsular
1 Vo
3%-
5%
»
Parker-Wol
May
5% J
3%
common
8
Parke; Davis
3% Aug
3%
'
Motor
ll'%
5%
Feb
10%
.
common—
■
Packard
'
Jan
36c
22'%
1
.
Jan
2:4c
1 /•'
3
■
common
2,953
10%:
3%
8
_
Micromatic Hone
27c
26c
-
—1
it
Lines
Carbon
Corp
a77%
Corp
Company
Transport—
10Q
5
5
—
31'/a
—
31 %
31'/2
31'%
5
108% May
110
22%
Apr
34
262
26%
Jun
31'%
Aug
Sep
THE COMMERCIAL &
1432
FINANCIAL CHRONICLE
Monday, October 2, 1944
OTHER STOCK EXCHANGES
RANGE
Last
United
(Del)
Corp
*
—
Company——-—-—10
—
United States Steel Corp.
*
—
Western Union Tel Co class A
0
—
Westinghouse Elec & Mig Co—.
50 al03%
Willys-Overland Motors Inc
i
—
Woolworth Company (F W)
10
-U
57 /2
a4a
450
oO
al02'/8 al03%
al6Vt al6%
a42%a43'A
132
185
210
Rubber
S
57%
a447/8
43 Va
75
Apr
1
July
50
Jun
42%
Feb
Feb
99%
42%
Shares
Low
49
6%
8
8
11
~~
_I
11
Feb
95
76
6%
High
41
225
117% 118%
.—.
Range Since January 1
High
49
Jan
100
4%
Feb
4%
;
50
121
Jan
10
234
50%
Jun
Jun
6 Va
r
Jun
8% Aug
11
May
Sep
19% July
Jan
Low
Brewing
.
Jun
Feb
Sales
for Week
Range
of Prices
Par
52% July
6%
Week's
Last
preferred———9
Pittsburgh Plate Glass
25
Pitts Screw & Bolt Corp————25
Reymer & Bros—
9
Ruud Manufacturing
——5
Pittsburgh
62 Va July
37
:-~.f
2
50% May
93
■
Sale Price
High
Low
lVa May
200
V
.
STOCKS—
Range Since January
Shares
1%
a49%a50/a
..y
.
High
1%
—
2.9
Sales
Low
Par
SEPTEMBER
ENDING
for Week
of Prices
Sale Price
STOCKS—
WEEK
Friday
Week's
Range
Friday
FOR
Shamrock
Aug
Oil
&
Steel
Standard
1
Gas common
—.—1
Springs—
United States Glass
common——;
Brake
Westinghouse Air
7%
+
6%
:
7'A
3%
3.975
6%
Jan
7%
Sep
Feb
10%
Jun
10%
10%
32
1%
is/8
45,^
100
80c
Feb
2% July
27%
.
9
27%
288
21%
Apr
28% July
•.
__
1V.
28
.;.,
Philadelphia Stock Exchange
Range
Works v t c
Baldwin Locomotive
Corp—
Asphalt
Barber
Budd
Co
Mig
(E Gl
Budd
Wheel
Pub
Curtis
Co
i—
$1
preference common—
Elc.c Pow. 8cio pfdCo
Reading
Scott
Sun
common—
Paper
Oil
common
*
Corp
11
Jun
Jan
92%
Sep
10%
610
11
Sep
New York Stock Exchange
54 %
174
62'/a
Sep
5
Mar
40%
Apr
lSVa'
13'/a May
1.899
1
145
45%
•
Feb
51%
66
1.556
11%
4.400
8%
Jan
4%
60
4%
Sep
6%
6%
135
5%
Apr
7% July
5%
5%
5%
8.767
4%
Jan
5%
28%
29%
2.218
Jan
11%
SI. Louis Slock
Last
31% Julv
161% May
5.705
18% May
22
Jan
25%
25%
25%
1.090
23%
Jan
26 %
Aug
Century
28%
28%
182
28%
Sep
34%
Feb
Coca-Cola
34
34%
68
25 Va
Jan
36% July
16
Jan
20
Mar
Emerson
27%
Jan
31%
Aug
Griesedieck-West
17%
17
%
17%
30
30%
30 'A
30%
420
42%
so
60%
-■■■
170
1 Va
1 Va
1 %
1%
189
36%
37%
13%
13%
15
43
Dr
Feb
68%
Sep
U May
1.516
1%
Jan
Jun
50
1%
1%
*
—*
13 %
common.—
preferred
—
United Gas Improvement—.
38%
53%
78
42 %
59%
—..25
$3
Par
Electric
.
1%
common
Electric
—
2
1
429
31%
Apr
37%
13%
Sep
—50
'
■
Sep
Vf;
Par
Low
t!
Co
Blaw-Knox
(AM)
Byers
Jan
16
725
255
16
Va May
16
Apr
com
41
5
10
20
3% Jun
17%
Jan
5%
Jun
10 Va
lOVa
520
8%
1.693
1%
1%
110
Pub
7V8
—
&
Baer
Fuller
2
St
Aug
CANADIAN
Louis
ENDING
SEPTEMBER
Jan
44
Mar
135
11
Jan
15%
15%
10
10'/a
11
40
9
Range since January 1
6%
2 Va
preferred
8,750
51
8,295
27
110
105
110
80
7%C
7%c
8c
8,500
1.40
1.45
1,800
48%
^100
.
*
Oil—.
&
Gas
Acme
— _
_
_
4
47%
common
preferred
7%
Power
3%
100
Power &
Abltibl
1
Ajax' Oil & Gas
Aldermac
Copper
«
Preferred
Aluminum
Gold
Aquarius
Area
Armistice Gold
■'
Mar
13
July
Jan
98
Sep
99
Jan
99%
95
96
Jan
8%
101 % July
76c
69c
7,250
58 %C
Feb
7.60
1,570
5.75
May
8.05
July
89c
90c
Jan
1.15
Aug
May
34 %C
July
Aug
18 %C
Apr
5,500
21c
23c
9.100
17c
8%c
9%c
5,000
8C
1
28c
28c
1,100
28c
Sep
58c
Mar
1
5c
5c
1,000
4%c
Jan
9c
Jun
8%c
16c
17c
17,920
47c
55C
150,500
10414 104 %
6
Ault & Wiborg preferred
-
100
__
80C
1
Aumaque Gold Mines
Gold Mines
1
Aunor
—
Bank
of
Montreal
Bank
of
Nova
89c
50,500
3.75
3.85
2,100
Jan
31 %c July
39C
July
71 %C Aug
103 %
Sep
28c
Apr
1.04 May
Jan
4.40
3.20
107
572
14C
lie
Aug
23c
Aor
24c
May
14c
5,525
16%
17
190
16%
Sep
18 Va
Sep
27
26%
27
130
26
Sep
28
Sep
26%
27
& Radium—
Beattie Gold Mines Ltd.,—
Class
-
-
57
15
14
.1
1.65
1.65
1.80"
52,300
1
1.41
1.40
1.51
94,459
29
28%
29
156
155
156
it
A__
5,000
13 %c 14 %c
*
Exploration
415
15
?'
65
'
27%
Sep
10c
Jan
24 %c July
13%
Feb
&
100
Mines
1
Bobjo Mines
Bonetai
BrfilnTifi
Gold
5,250
1.00
1.00
600
.5
Sons..
Ribbon
10
9.10.
1
—
Bldgood Kirkland Gold
Blue
9.75
187
Jan
2.89 July
Sep
2.45
21%
14
14
10
29c
34,250
8
25
i
»
common
28c
26c
8
8
.
Ltd—
1
12c
12c
12c
12,350
Mines
1
20c
18c
20o
3,400
Mines,
•
Ltd
14%
14%
22
21%
.
580
14%
151
60c
Jan
Jan
31
July
Aur
157
Jan
May
9% May
11.00 July
1.50
Aug
16
101%
For
footnotes
cee
page
1435.
Packers
Columbia
Class
9
22 Va
4,753
Jan
35
$5,000
97
Feb
9Vb
p
July
Jan
Mar
Aug
67C
Jan
7
July
10
Feb
,
17 %C Aug
17c
28 %C
Apr
11%
Jan
14%
Sep
20
Sep
24%
Jun
Sep
Broulan
Mines,
Porcupine
Oil
Brown
^
Oil
Dominion
u
for Week
Shares
Low
22%
22%
Ltd
23
980
Mines.:
Gold Mines
Products Ltd
24
24 V4
55
22
20
20
21
73
1.85
1.85
1.85
70
87c
85c
1.00
81,880
69c
80c
80c
84c
13,350
70c
Mar
5c
5 %C
2,500
27
Jan
1
23%
19% May
W—
'
—
Jan
3
1.85 May
4%c
Sep
July
24%
Jan
Apr
1.40 May
Jan
93c
8'Ac Feb
Apr
6.20 July
•
5.50
5.50
100
3.55
Jan
•
5%c
6C
15,000
5 Va c
Sep
I8V4
18 %
140
15%
Jan
21
Julv
9%
10
135
8%
Jun
11
July
6%
6%
50
6%
Sep
9%
9
Steel
Burlington
High
Mar
•
Gold
Ankerlte
Building
21
9
"
9
...—
Buffalo Canadian
Range Since January 1
High
#
A
9%
Jan
*
Caldwell
1st
Mills
Linen
common—9
:9
Calgary & Edmonton Corp Ltd
Oils, Ltd
Calmont
Canada
Bread
Cunadu
Cement
Preferred
common
25
10
24%
9
1
1.70
1.80
1,525
1.70
21c
21c
21c
1,200
6
6
6
165
8%
8%
9
common
x
Canada
Northern
25
Power..'.'.'-L-Ji..!91
—
,48
,
30
5
49
6>A
Malting ,-—r——T—9
Canada
>.
115'A .115 V»
.100
A
—
25
1.70
9
preferred
6 '/a
.'
135
60
18c
8
26
Sep
6%
43 JA
6
July
25c
Feb
7
May
4% May
103
Sep
,
2.24 Mar
Jun
Aug
Jan
9'A July
May
115% July
53
Jan
Aug
8% July
Sep
Canada
Packers
9
119
156
90
Jan
122
Canada
.—100
Steamship Lines common
"
160
160
160
46
145
Jan
10%
10%
10%
413
97/a
165% Sep
12% Mar
103
31V4
Permanent
Canada
Mortgage
116
Wire
Cable class
&
B
"A".
——
...
Canadian
Bakeries common—
Preferred
——
—.
Bank
Canadian
Breweries
Commerce
Preferred
Canuers
1st
preferred
Conv preferred
Canadian
New
common
Car
...
Foundry
&
Celanese
Preferred
Dredge
...
43'A
Canadian
Malartic
Oils
Pacific
Cariboo
Gold
60
95
45
14%
749
V4
7%
525
44
120
July
Feb
96
Jun
Sep
15%
Jan
40%
Jan
Sep
8% Mar
45
Mar
'
215
8 Va
Jan
16%
220
22 Va
Jan
24% Aug
16%
17
311
12
Jan
18
'
27.
8
Apr
10
395
26%
27
155
41
41%
55
152
.
41%
154
20
17
18
225
15
135
44
9%
49
50
5%
5%
725
68%
71
310
49
65c
65c
69c
6,835
20%
1
5
6
15%
71
—
91
14'A
Aug
Aug
24%
5%
Ry_———. —25
5
*
24
common———.
Quartz Mining—
5'A
Jan
15%
17
Industrial Alcohol A—
Canadian
Aug
23 %
7
17
-100
Food Products—
Canadian
70
Jun
43 »A
Vk
——...
Canadian
Jun
18 Va
%
14 V4
14%
common....
Canadian
65
38
95
10
„———•
—;—-—
Aug
15
60
100
.....—.——25
9
preferred
Canadian
9
.———20
A—.9
common—9
.......
40
67
5 V4
—
•
new
common
Aug
22
9
—9
9
Canadian
Jan
67
37%
50
Preferred
Canada
119
22
'
Canadian Locomotive
6 %c Mar
IIOV2
Sales
Week's
Range
of Prices
9
B
British
Canadian
22c
Sep
31
■
101 % 101 %
Low
common—9
class
Power
Sep
'
Brazilian Traction Light & Pwr com„9
Columbia
British
Canadian
8.50 July
12%
296
11%
Sale Price
16% Mar
36c
*
Bell Telephone of Canada
Sep
26%
1.31
Feb
443
34
Feb
12c
17
10c
July
9
235
11
Oil
Class
10c
*
Mining
Berens River
July
.10
10
...
Bathurst Power class A
Quebec
Aug
1
__
new
new
Brothers
80c
•
.
10
new
Scotia
:
14c
1
Mines
Bankfield Cons Mines
Bertram
Jun
67c
21c
Sep
12
11%
33%
May
84
16c
Belleterre
Aug
89
49 c
Beatty
Apr
25
100
1
Bear
15c
7.25
1
American
Buffalo
1.7.9 Mar
28C
260
1
Metals
Aug
96
11%
Aubelle Mines Ltd
Base
Jan
12
25
Jan
11%
May
55C
1
Ltd
.
Bank of Toronto
1.10
14c
85%
Astoria Quebec Mines
Bagamac
115
Jun
67c
*
Mining
Gold
Ashley
Jan
7%c
.7.25
*
Mines
Gold
-u
85
Mines
Gold Mines
Arjon
—
pfd..100
Canadian Oil
Huroniaii Ltd
Anglo
Anglo
58
Sep
99 Va
100
•
Canada 5%
of
Co.
—
common
4% July
51
84
11%
,
_
~
-
Ltd
Aluminium
Apr
Apr
96
0
Steel common
Algoma
53.400
21c
20c
20'Ac
High
Low
'25% Sep
Sep
25
Last
High
Low
Sep
Sep
Sep
25
90
25
11%
Sep
11
Mar
9 %
25
9%
9%
17
Mar
16%
9% May
300
25%
25
5
STOCKS—
♦
21% Aug
Jun
32
124
1
Sep
2!)
British
Par
18% July
22%
5
Par
Shares
15
Sep
MARKETS
LISTED
WEEK
Exchange
of Prices
200.'.:
Sep
16% Aug
12% May
80
5s....1959
1st mtge
Pub Serv
British
Sale Price
July
30
33%
Canadian Funds
STOCKS—
Sep
17
39
Friday
Toronto Stock
10
Apr
20
;i%
common
Apr
135
1
10
15
—
5
38
20
9
common
43
BONDS—
8% July
FOR
—
common....
Wagner Electric common
Sep
Jan
RANGE
Inc common
Steel
Jan
Sep
Jan
6%
50c
common
16%
135
common.—
"A"
Sep
Apr
13
50
16%
2
Jan
35%
64
16%
—
Serv
17 %
22%
Sep
12% Sep
Jan
7
761
22%
Metals common
Candy
Louis
Stix,
5% Mar
3%
9%
1%
—
Bearing
preferred
9%
45c
30
2
15
common—25
Cement
Portland
Sterling Aluminum common
July
332
130
8%
*
Corp
13
4%
50
Aug
15%
Prod
Clay
2
•
common
Securities Inv
11% July
4%
48
10
Scullin
High
%
4
10
Supply
Fuel
Fireproofing
National
50
14 Va
Jan
11 % Aug
9%
Steel
Scruggs-V-B
Range since January 1
7%
Jan
6%
50
15
50
*
9
;—.——100
Rice-Stix Dry Goods common
—9
4%
4%
10
Gas
Star
Mountain
10
10
14 Va
'
•'
—.
1
Pitt Brewing
Lone
■
common..——.——
Gas & Electric common-
Columbia
Fort
10
...———
—
Sep
10%
41
1st
Low
34
40%
St
Shares
Feb
28
160
16%
National
High
Sep
34
14%
Laclede
for Week
of Prices
Sale Price
STOCKS—
16
.————100
.——
Laclede-Christy
Sales
Range
Last
Jan
8%
20
International Shoe common
15% July
Week's
20
45
Preferred
Pittsburgh Stock Exchange
Friday
Aug
15%
12%
—
McQuay-Norris
common—:——10
Piping & Supply common—.9
*
Aug
23
50
National
1,
27
Jan
12%
Missouri
-
Feb
18
10%
Midwest
•
23
65
33%
34
140
21V2
15%
9
common
8% July
Jun
26
21%
50
Jan
1.978
V
common——9
Brew
5%
15
6%
25%
21%
;——4
common...
Preferred serial 1936
1% Julv
Jan
6%
1
High
Low
High
Huttig S & D common
———
5
Hydraulic Pressed Brick common—_ 100
Aug
1% Mar
——10
— 1
9
Co_—
Loto
Bottling common—
Pepper
Hussmann-Ligonier
C4
Range since January
Shares
Sep
49
19%
184%
Sales
for Week
Range
of Prices
Sale Price
STOCKS—
183%
—
693
Exchange
Week's
Friday
Jun
19%
182
Bell Teletype SL
Sep
19%
182
CEntral 7600
Ch Icago Board of Trade
New York Curb Exchange Associate
7% Mar
26
Phone
St. Louis Stock Exchange
Julv
62%
.
2, Missouri
Associate Member Chicago Mercantile Exchange
47% July
4%
—-—1
,
North 4th St., St. Louis
300
16% Aug
Apr
.39 Is
10%
29
Co.
&
1871
Members
5%
61%
'V
*
—:
pfd—
Transit Invest Corp
United
Apr
78%
4%
*
——
—
Mining
Tonopah
12% July
7%
92
11%
62%
50
preferred
2nd
Jan
25
15%
44%
;
;
25
3
—50
Corporation
Philco
406
9%
*
Philadelphia Electric Co common
Phila
11%
*
Manufacturing
Salt
Established
92 %
1
51)
50
—
Edward D. Jones
Chicago Btook Exch.
V':
Pennsylvania RR—;
Penna
Jan
54%
& Light
Pennroad Corp
26%
*
50
Valley RR—_
National Power
Sep
Apr
33
10
10
Light (wd)~—13%
*
1—10
Navigation—
Lehigh Coal &
24
21%
23%
9%
—*
—
Motors
General
Lehigh
164% July
Apr
11
Battery
Storage
Electric
19% July
Jan
18
14%
91 %
91%
*
common
Delaware Power &
Jan
156
300
23%
5
Prior'preferred
162
24
—
Chrysler Corp
High
588
23%
9
common—
Co—
Low
161 % 162%
162 '
St. Louis Listed and Unlisted Securities
Range since January 1
High
17% -17%
*
100
13
—10
Tel & Tel
American
Shares
Low
Par
American Stores
for Week
of Prices
Last
stocks—
Sales
Week's
Friday
Sale Price
11%
20%
35
11%
12
4,801
2.00
2.00
1,025
Sep
JulV
10% July
24%. Jan
28
Mar
35%
Jan
45
Jun
141% May
155
Sep
Jun
20
July
Mar
61
Jun
5%
21
60c
Jan
Jan
Apr
18% May
10 Va
Jan
1,50 May
6% July
July
71
85c
July
21% Jan
14
2.30
Julv
SeD
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4321
160
CANADIAN
FOR
RANGE
Friday
Sale Price
j.
Low
Central
Gold
Patricia
Research
Chemical
2.20
2.15
2.35
8,315
14'/2c
14 %c
15c
4%
25c
3,000
8%c
1
Corp
Cockshutt
Plow
Co
Lake
Coin
Gold
Wiilans
Mines
Sep
1.72
3.30
12%
13
506
11%
33c
39c
84,346
15%c
30c
1,000
29c
May
6%
7
829
5
May
1 55
1.58
2,500
1.33
Jun
1474
14%
10
14%
Jan
50
1,145
--
1.55
—
Consolidated
50
49%
100
l^o
139'A
i
1.20
1.20
1.30
5
24 y4
2374
24%
3U
Smelting-
(Toronto)
Conwest Exploration
128
47
140
Jan
82%
50
55c
60c
6,900
21%
21%
818
18%
*
58
57%
28c
Lignt
Corp
Mosher
July
39c
National
Sep
33c
•
Mar
7
Heat
common
—
National
2.20 July
Imperial Mills
Davies
Petroleum
Distillers
Dairies
Dominion
200
9'%
Jan
12
28
735
27'%
Feb
29
Sep
1.010
17c
Aug
—
21
21%
300
25c
"A"_——
17%
Gold
Norgold
——_5
Mines^
Crest
May
18
18%
30
18
Aug
31% July
19% Sep
12 "
21%
Sep
24
410
21%
Apr
26% Aug
Omega
235
13%
Sep
13%
Ontario
Steel
7%
7%
775
9% July
Orange
12% July
12% July
Pacalta
*
12
11%
12
205
common—*
Chemical
11%
11
11%
Co
5%
5%
17c
9.000
—*
—
1
16c
—
»
" 9c
8Vic
9c
i
2.28
2.11
2.35
46c
45c
8
53c
19,800
8
5.00
28
245
25
8
4.70
*
Ford
Co
Frobisher
class
Power
25%
20
5.80
5.95
9
9%
88
15%
88
*
—
15
General Steel Wares—
—-100
—1
8.75
8.75
9.20
-:23 %
8c
4%c
26c
10c
4%c
32c
1
—
21c
24c
Gold
Glenora
Mines
.
Mines Ltd
God's Lake
Goldaie Mine
__
Apr
26%
20 %
Aug
80c
Sep
Apr
10
Jan
91
84
15c
43c
2%c
6,000
13.400
.'•1:/;% 75
40
10%c
4c
Goodyear Tire & Rubber common—0
Preferred
—l_— —
—50
96
54%
96
-10
—
7%
7%
25
7% July
—.—_———,*
9c
9c
9% e
2,000
6%c Feb
5%
5%
100
22%
22%
80
Eagle Mines
Golden
Mining
Gate
Goodfish
Mining
——
—
—
Grand
&
Toy Ltd
Mines
Grandoro
Lakes
Great
Paper
0
common——.
—
22%
Preferred
Great
Gold
Alabastine
&
Halcrow Swayze
Hulliwell
Gold
Hamilton
Hard
Cotton
Barker Gold
8%
8%
Hasaga Mines
—
6%c
6%c
3%c
3%c
88%c
88c
98c
6c
6%c
—
11
& Gas
2.80
1
—
Gold Mines
Hudson
&
Erie
•
35c
30%
1
Minina & Smelting.
Bay
Huron
2.80
■
•
30%
,—100
common——
Imperial Bank of Canada new
.10
Imperial Oil ——————
Imperial Varnish
(John)
...
Inspiration Mill & Devcl
International Metals
A——
Preferred———
*
0
75c
15c
10
2.80
2,300
■
4,500
7,125
•
•
Apr
&
19
14%
2,353
12%
Apr
545
10%
Jan
13
15
9%
Jan
13
200
6%
Jan
9
75c
75c
1,800
22
95
54 %c
15
1.00
Feb
105%
£9
May
0
32%
32%
33
2.050
28
Aor
•
21
20%
22
4,640
19%
Apr
23
10c
10c
1.030
5c
Jan
24c
30c
32c
7.800
23c
Jan
41c
6%c
4,068
2,000
4%c Jun
8c
l%c Jan
6 Vic July
W
5^70
14
20
а.voo'
30c
Jason
Mines
Jellicoe
J
M
Mining
Co
—
of
Gold
Mines—
Canada...———:
Keri-Addison
Gold
Mines
Hudson
—
Mining
&
1.05
1.15
11c
11c
13c
3,650
2.50
2.70
б,050
Ltd
1
1.
Ltd
Oro
Leitch
Mines
Little Long
Loblaw
L',
1.70
1
685
15%
16
280
3%c
__
3%c
4,000
133/4
Jan
20
1.84
Jan
3.05 July
3.90
3.90
4.05
2,670
2.08 May
4.50 Aug
—
1.02
1.05
2,747
99c
Sep
1.73
86c
3,700
81c
Sep
1.64
Feb
6
6
25
6
Jun
7'%
Jun
1.29
1.35
2,700
Mines..
L
1,567
2.60
8,150
2.32
Jan
9.25
9.25
392
8.25
May
32c
32c
5,000
25c
Sep
S8c
1.02
5,227
75c
ll7%c
Jan
Jan
•:/
14% Jan
15c
13%' Jan
Jan
Manitoba & Eastern Mines.
Leaf Gardens
preferred—
Milling Co
Mines
—:
McColl-Frontenac
Jan
26
Preferred
Gold
Lake
Mines
5c
34C
355
/
1.05
68c
Mines
Red
Lake
Graham
Hold
Gold..
Mines,
Mid-Continental
Oil
&
Gas
footnotes
see
page
1435'.
7,379
870
9%
9%
75
45
150
29
29%
160
114% 114'/2
80
/
■
29
Apr
114%
Sep
1.25
July
4,600
47c
Sep
3%c
6.500
2%c
Sep
1.35
5.800
65c
Jan
1.70
Feb
27 %
1.30
27
25
4
4'/a
370
2 3%
7
28
5%
Jan
69'
19
63
73
73
3.25
3.50
26,185
....
———.100
—
4%
4%
500
21 %c 21 %c
1
Jan
5c
Mar
5
Jan
Jan
77
2.04
Jan
3 % Mar
500
15c
4
May
% May
27c
July
Jan
7%c Mar
6c
3,000
4%c
1.56
10,425
1.45
Sep
1.94
July
2.55
—-
2.70
1,650
1.96
Apr
2.90
July
,C;
Apr
4.00
1.05
Feb
1.50
0
44c
General
....——_0
Trust——
Finance
preferred
Corp
40c
City
Rapid
Transit
46c
50
99
99
28
25c 25 %c
1,000
19
17%
—
''
95
8%
85
5
95
*
62c
64c
8%
8%
Jan
Mai-
17
July
79c
2.95
July
Sep
Jun
12'% Aug
101% Aug
33c
Aug
19
95
Sep
40C
2,310
Apr
88% Mar
95c
Jun
10
8%
13
II,200
common...*
Aug
Jan
15c
50
——100
Apr
38c
22,200
11%
1
A ———0
——
....
15
65
11%
100
CCo—
Jun
4.40 Aug
6c
1.50
..1
Corp—
Sep
July
8% May
69'% July
3.20
Oil
Jun
1.50
1
1
—
77c
61
57
3.35
Aug
68r
150
69
•
0
30
Jan
6%
27
.25
Sep
Jan
Aug
Apr
55c
4
9%
46
Jun
Mines
common
Apr
Jan
Sep
July
14,900
52c
0
12
12
3%c
0
92c
42c
80c
53c
8%
25
Feb
Jan
1053%
76 %c
—
8.75
40
Co
*
Mar
Sep
8 % Mar
9%
8%
Sep
6%
8%
Feb
Jan
25
12
Jan
18
39%
40
55
32'%
Jan
40
•
4
3 7/8
4%
1,150
3'%
Sep
1
2.75
2.70
2.80
7,150
1.96
Jan
•
10%
10%
11%
2,776
6.00
1
8%c
8c
9c
42,006
•
4.80.
4.60
4.80
1,589
Corp class "B"—
Fuel
.50
Oils
Mines,
Ltd.—
&
Worts
Western
West
6c
21%
211/2
92c
1.04
Canada Flour preferred—100
Grocers common
80
78%
80
130
>120
130
13% July
19c
Jan
Jan
Feb
64
Sep
22
July
GOc
Aug
75
64
Jan
79'%
160
.
Sep
Sep
57'%
230,950
com
;
2.94
20% May
415
94c
Mines
Jan
Aug
Aug
5% July
4.50
2,165
60%
21%
1
Gold
Jan
5.45 July
1.09
Sep
94% Mar
152
Aug
Mines
1
1.75
1.66
1.85
11,320
97c
Aug
common
"
17%
17%
171/2
305
15
Jan
18
Aug
104
Feb
108
Sep
Malartic
Ltd
Preferred
—
107
107
12
7%c
7%c
2,000
100
—
Mines
53/a
487
4%
Sep
May
73/8 Mar
3.95
1,605
2.95
Jan
4.50 July
4%c
7,000
3%c Aug
8
40
Gold
Yankee
3c
20c
5%
8
•
Knitting
Jan
Sep
3.85
1
•
Wright-Hargreaves
York
4c
2.00
4c
Wiltsey-Coghlan Mines
July
64
63%
•
Westons
July
.
17%
0
Lake
Western
17%
17%
"A"_.
Ymir
2c
2c
3,500
10
10
8%
8%
690
17%
17%
450
qc
8 %
l%cMar
Jan
5%
Apr
8%
Feb
17%
4%c
Apr
11c
7%
Feb
1,100
470
8%
10
7%
13
19%
6%
Apr
106'/4
107
50
9%
Jan
159
0
Mar
70c
11%
2,110
Sep
300
# "
65c
68c
10%
1.10
Jan
July
5%
Jan
1.62
__
13Z
23c
6%c
6%c
2,600
60
61
285
1.55
1.74
4C
4C
12c
23c
45,895
2,000
24c
12%
.
25c
133/4
14
32c
1.90 *
30c
41c
1.90
1.90
102
5c
Sep
Jan
3, <66
15c
Mar
1,017
6
Jan
900
19% c Jan
i.75
Ma.v
May-
Sep'
Jan
4
%c July
93%
Jun
Last
oy'
STOCKS—
^
Sale Price
Week's
Sales
Range
for Week
of Prices
,
Shares
Range since January 1
itiy-
Par
Low
July
55c
Beath & Son
July
Brown
40%C July
Sep
May
Jan
Co
class
<
Burns
&
2.05
2.15
1
37%
38 %
0
12%
12'%
Vinegars
12
Apr
Aug
Sep
10
8%
Apr
8%
10
2%
—„.—1
ii—i>
•
7%
10
*
——
2.45 July
28%
315
15
12% May
219
0
2%
200
7%
8%
4,080
High
Jan
1.40 July
5%
1.600
—;
—
Consolidated Paper
8V4
75
—_1
—
Canadian Marconi
Low
High
8
Co
Class "B"
Canada
"A"
common
Preferred
Apr
46c
2.15
Friday
00 {
Jan
59 c
6%
Fund*
Canadian
„
JuiV
Sep
14
—*
common
Toronto Stock Exchange-Curb Section
Sep
Juii'
5%c
■
Mills
Sep
July
1.77
3%C Aug
Girl
Sep
7c
63
1.34 May
7c
181,425
107
Jun
12c
22
9%
55 % May
1,000
1
1
Jan
(p nnr\
...
17c
23c
24c
Mining Corp
Jun
9c
16
9,600
8
...___»
90c
Aug
1.50
Sep
21%
—
——
2,400
10c
50c
16
Jan
1.10
Jun
3.85
Jun
7%
„1
2%c
Jan
July
4.45
16
2.42
21%
1
Mines.,........
4,100
5c
17
1.50
4.25
<8
1
6%c
1.05
„
_r
Mar
Mar
13% May
6c
44
\
-
Jun
3.80
Jan
7C
1
Apr
3.40
1.50
Jan
McDougall Segurs
•
—i—__
Mclntyre I'orcupine Mines—
5 "
Red
Sep
13
3.80
1.60
10
'■
2%c
5
3.35
.100?'106%
—
4.50
2.12 May
/£
;I.°
common
7,000
3,500
0
common
common
17,900
'
•
Feb
29% July
1
Ltd
20,400
__
—20
Sep
21'%
Jan
35,700
1.30
Mines
Cons
2.39
•__* 1
Preferred
16
Aug
193%
8c
—.
•.
....
3.50
1
common
Sep
18'%
170
9c
1
—
2.95
___*
.
14'%
220
41c
—
Canada
2.25
__
*
—
600
19
28
8c
1
Mines
Iron
3.40
10
common
Preferred
•
15%
18%
•
143/4
1
Chemical
—
*
Jun
39c
°
...
Petroleum.—
—
1
Aug
52c
14%
0
Paving
Wasa
July
6%c Jan
Jan
2.74
1
21c
May
39c
Winnipeg Electric common
Mines
Sep
Apr
20,700
Feb
1
Mines
Preferred
Apr
3.40
1.03
90c
33
7c
35c
50c
Mines—
preferred
Walker-Gooderham
16
2c
77
13,500
:i
—
Feb
Jan
Mar
33
14%
1
6c
15c
1
Power—
64c
Jun
Aug
39c
—*
Mining.——
.25
27% ;
19
28
/•'
44c
15
15 %
1
July
13c
38c
..10
28
July
37c
■
..100
Waite-Amulet
20% July
22%
4.00
Gold
33
4c
Sep
2.92
10
Vermilata
6.75 July
Jun
6 % c- Jan
225
25%
Fields..
500
I,000
14%
Upper Canada Mines Ltd
July
2,385
25%
Lake
17c
5 %c
14c
•
United
Jun
2.75
4.00
27%
__
17c
5%C
*
—
Feb
1.65 July
Jan
1.00
1
Mines
of
Jan
.141/2
2.50
—10
—i
Malartic
Co
3/4
13%
2.55
0
common.
United
May
3.50
5.70
6
Mar
Ventures, Ltd.
19c
1.51 May
80c
89c
13 %
0
B
End
.
1
^
Gold
Sep
United Steel
1.20 July
Jan
10Vic Sep
25%
27
Mercury Mills
20
1,805
1
Gold
1.35 July
18
2.80
1
Gold
July
Sep
17
—0
—
&
9c
44'%c July
'
Sep
27%
McLellan
Mar
14 %c
2.65
1
Daries
Union Gas
July
28%
•
McKenzie
90c
80c
Apr
21% Feb
9,350
Massey-Harris
83c
Jan
Mar
1.50 July
83c
Mines
Mining
Creek
Twin
11% July
8.75 May
365
1.48
Maple Leaf
2,150
1.07
99
1
Transcontinental Resources
Sep
1.36
0
1.15
Aug
17
84c
...
Water
Radio
A
Sep
1.60
1.40
Gold
Jan
Apr
7,450
•
A
1.10
Sep
20c
2.65
1
Towagmac Exploration
May
Jan
1.30
Lac Gold Mines Ltd
class
1.13
310
Toronto
Jan
1.45 July
1.25
1
For
1,350
15,500
1.27
Red
McWatters
6.25
1
Madsen
McMarmac
19%
6.10
I
McVittie
6,800
Ltd
Mines,
Maraigo
1.78
19%
16
Ltd...
MacLeod-CocKshutt Gold Mines
Maple
10,900
9%c 10%c
9%c
Jan
1,809
Traders
'
Class "B"
Malartic
1.67
__
i
3
—
—
Groceterias
Macassa
1
1
Candy
Gold Mines,
2.50
_*
-
Lebel
75c
1.06
Exploration
Mines.
Secord
10%
75c
__
'20
10%
10%
4c
20
—
——1
Lgmaque Gold Mines
Lapa Cadillac Gold Mines
Laura
4c
—
0
..1
Lake Dufault Mines
Shore
1
J
Townsite
Labrador
—
Mines-——1
Bay
KtrifTand Take
Kirkland
30c
1
Consolidated
Kirkland
__
1
——
Mines
Kelvinator
Lake
1
Jan
28c
Tip Top Tailors common...—0
Aug
Waite
105% 105 %
-
3%c
25,450
Jun
...0
;
—
Thompson-Lund Mark Gold Mines..
Jun
6c
Jack
..—100
6,600
42c
Jan
Teck-Hughes Gold Mines
35% July
International
Petroleum—
7c
37c
4.20
Gold
Jun
6%c
Aug
53c
Texas Canadian
Sep
5
International Nickel Co common——
7c
1,200
7c
37c
3%C
Tamblyn
Jun
25% July
Jan
11c
July
1.15 Mar
32c
16%
1
C
Sylvanite Gold Mines
Jun
21%
—
—
11c
1
90
1
Sturgeon River Gold.i
Sudbury Contact Mines.
Sep
7
5,820
13% July
7
12 %c Aug
40c
Aug
200
1.34
15%
Sullivan
15% July
12%
96
1.27
3c
Sterling Coal
Sep
12
13
95 %
4.05
Preferred
July
Sep
12,590
50c
96
15%
Steep Rock
84% Aug
18
57c
50c
1.28
3c
Steel
July
Jan
12,952
4.10
Standard
May
32
26% Mar
16c
1
Standard
July
5c
14c
15%
Standard
Feb
42c
>
14c
1
South
July v:
72
20
560
Apr
305
Mar
1
of B
Springer Sturgeon
3.70 Mar
Sep
3 Vic
f 26c
245
•;.
13
May,
9%
9%
—50
Sladen
Jan
13%
-7 v
1
—
common
Sep
Jan
9%
Mines Ltd
Class
Feb
Aug
6%
9%
Sep
1
Preferred
Jun
July
Jun
"A"—
Siscoe
Aug
9c
9c
»
18%
—
.
——!—„_6
—-
:f;
30c
1,020
80
—
18%
Feb
38c
31
18%
13%
Imperial Tobacco of Canada ordinary.5
Inglis
;
1.29
Jun
500
36c
80
83c
17
14%
Simpsons Ltd class A —-——0
Jun
'
20c
25 %c
25
1
Sigma Mines
Jun
14%: May
28,600
12,276
♦
Mines
Sherritt-Gordon
Jun
6%
25c
1
Gold
'<■ 4.50 July
34%
21c
•
Mines
L)
.
28c 30V'2c
0
Mines
1.02 Auar
14%
—
Gold
Sheep
9%c Mar
4 Vic
(P
Antonio
Shawkey
Sep
6%c
28c
————0
Dome
Shawinigan
July
Jun
21 Vic
Long Lac
Silveroods
6,200
;
3%c
35c
9
47C
2.95
3%c
Jan
22,500
32c
40c
42c
12%c 12%c
11 11%
—
-
Howey
30c
30c
1
...—
40c
Jan
Senator Rouyn. Ltd
Jun
Jan
5
8.000
Mines.——1
9%
Jan
Jan
1.37
Mines
Sand River
Jan
2%c
25,400
—
5%
17,950
St Anthony Gold Mines..
San
Jan
% July
25
2.30
St Lawrence Corp
Aug
12 %c Aug
Jan
2.13
Russell Industries common—
Mar
5%c Mar
10
16%
1
Highwood-Scareee Oils
————
Hoihnger Consolidated Gold Mines
5
Home Oil-.
1
•
Homestead Oil
I6V4
■—
5%
17c
6%
250
5%
I-—1
....———;
—
•
/
17,500
'
9
Sep
2.13
Mines—,
Royal Bank new
Royalite Oil Co
Sep
56%
3% May
500
3%c
—
101
52% Mar <•
415
1
Mines—.
Mines-.
Gold
Harricana
8%
Feb
19 %
Jun
7c
'
5 %
0
Gold
Rouyn Merger Gold
18 Vic July
Jan
84%
3,725
——.—0
Co—
Gold
ltock
25c
—1
i
lVaC
70
23c
—
—0
———
Mines——
Bridge-——.
Hamilton
9%
25c
—0
Ltd
Mines
Lime
Gypsum
9%
—1
Saddlery common-——0
West
Gunnar
54
7'%c Mar
3,200'
Jan
Mines
Gold
Robertson
Aug
7c
Jan
—1
1
—-.1
Gold
4'%
*
Gold
Mines
Mica
Roche
Apr
38c
Jan
780
Metals
Reno
10% July
16 %c May
5%
Quemont Mining Co_
Sep
8c
5%
Mining Co
Queenston Gold
17% Aug
.
Sep
5%
—
East
Purdy
12 Vic Mar
3%c Feb
4%
Gold
Preston
May
Jan
Jan
—0
trust
Proprietary
July
1.99 Mar
'5c
Apr
1.20
...
Mines
Pressed
July
103%
100% Aug
11 % Feb
II,100
56
Sep
8%
16.233 :
96%
8.20
July
45c
Mines
Gold
Jan
50c
1
Corporation
Premier
Jun
Apr
Jan
5.50
4,000
5c 5%c
10c 10%c
4c
4c
May
87c
Feb
575
61c
63c
*
Gold
Rouyn
Voting
Power
Apr
2.80
7,600
preferred
Engravers
Powell
Jan
Feb
4
15%
15,000
•
8c
4%s
26c
—
5%
17c
Jan
1
Malartic
Gold
60 % July
Jan
10,480
Mines
Cadillac
Pioneer
7%c July
Sep
33c
8,785
1
—1
Preferred
%c
3
55
102 103 %
1
Giant Yellowknife Gold Mines
Photo
Jan
4%c
95c
Refining
Gold
Perron
-48%
3,000
63c
new
Pickle-Crow
1.89
875
9c
4%
Paymaster Cons Mines Ltd
Sep
1,700
56%
4
Products
&
2.25
56
83c
Porcupine Mines Ltd..
Partanen
Sep
Jan
3% May
155
Gillies Lake-Porcupine Gold
6.00
Apr
Oil
Pandora
Sep
10
Aug
4
20
__
Jan
63Vic Aug
28
180
..100
Pacific
Sep
July
2.17 Julv
4
Mines
Oils
18
——_5
Page Hersey Tubes
2.70 July
,
Malartic
13% May
Jan
59 %c
2.25
♦
!
Mines
Gold
Pamour
39
2,050
9Vb
Feb •
May
27
13,900
5.95
Jan
O'Leary
Sep
23% Mar
10
72c
*
i
3.10
790
26
20
65c
—
65c
12%c
May
Feb
145
3'/«
32c
Sep
50
3
5%
Jan
6
1,035
*
—
common
preferred
5%
4
5%c
26
*
"
1.66
„
Jan
46c
<
15
4
...
3
*
A
Mines
26,000
5c
—
5%c
*
Exploration
Gatineau
36
1
————————
Gold
—
—*
common——.—
of Canada
Co
__
4.80
27%
1
Aircraft—
Francoeur
7c
2,450
36%
3%
10
L—•
Jan
9c
3,175
———_1
Kirkland
Foundation
■
Feb
7%
.
Apr
9%
110
15c
7
90
Falconbridge Nickel Mines—
Famous Players ———4
Fanny Farmer Candy Shops—
Fleet
7%
,
.
July
Gold
22%
7%c
:
--
*
—
i—
Crush
25
21%
O'Brien
Jun
Mar
0
Ltd
common
...
25
Mines
Grain
Preferred
13%
Mines.,—
Federal
Star Oil
13'%
Oil
Federal
Mar
42
25
Life
Equitable
Mines.
33% Mar
Dominion Woollens common—
Sullivan
Corp
490
-—;
Eastern Malartic
Mining
Canada
North
21-/4
Tar
East
Normecal
Jan
24%
Dominion
East
Sep
18c
—
Stores
Mining
24%
I,860
v
—1
i
May
38%
__
56%
0
Mines
May
18
15,100
Mar
26 %
8e
1,065
1.18
21
1,000
0
1.07
12c
37%
B—
Sep
14c
16%
24%
Dominion
class
Sep
33c
14c
17
—
Steel
58%
11%
1.11
•
Dominion
Duquesne
14c
25%
—j.—
&
14c
—
26
—.
Malting
Jan
Sep
27%
Noranda Mines
July
37V2
Foundries & Steel com
22'% Aug
11%
1
35
preferred
Dominion
Jun
Apr
27%
—
—
Dominion
Feb
99c
20
•
Mines
——10
Dominion Bank new
833/4
23c
11.900
11%
High
Jan
Mar
46 %
44 J
30c
74'%
36c
common——0
Co
——
Sewer
Nipissing
Aug
2.84
0
common—4.
Ltd———
58 %
25c
Negus
55% July
—*
Seagrams
Mines
Dome
*
—.
—
National Steel Car
July
141
Jan
1.13 July
Grocers
Preferred
Northern
Cosmos
•
Power
&
National Petroleum—
Sep
10
38 % Jan
5,400
——.——*
&
Mining
Consumers Gas
14
Jan
30c
37c
*
—
Low
81
55c
21%
Sep
—
Range Since January 1
High^
Long Lac Gold Mines——1
Moore
Feb
Jun
Low
82%
Kniting
Porcupine
Montreal
Mar
1.15
1.57
*
;
...
Bakeries
48c
Jan
6,982
42,150
1
Mines
Consolidated
17c
3,106
1.23
Shares
—1
Moneta
Jan
3.00
6'/2
Coniaurum
4%
3% May
120
for Week
prefererd—a——100
Monarch
May
1.15
National Co —————1
Conduits
21c
2.80
*
,
Jan
Sales
Range
of Prices
Sale Price
Par
Jun
1.22
■
—
Petroleum
24c
—
Week's
Friday
.
High
2.50
Jan
2.95
1
-
Commonwealth
4%
—
Chesterville Larder Lake Gold Mines—1
Cochenour
Low
High.
1.62
—0
•;•••/
Last
1
Wines
Gai
Chateau
/.
STOCKS—
Range Since January 1
Shares
1
Mines
Central Porcupine Mines_,
>
SEPTEMBER 2.9
for Week
of Prices
Par
ENDING
Sales
Week's
Range
Last
STOCKS—
MARKETS
LISTED
WEEK
1.80 May
5V4
Jan
40 Vb Sep
13
Aug
8% Aug
Jan
10
2%
Sep
9 '/'a
Aug
THE COMMERCIAL &
1434
WEEK
ENDING
SEPTEMBER
29
'7
■
Sales
Range
for Week
Last
'
Last
STOCKS—
'
"
:
Sale Price
Low
Par
-*
Oil
Dalhousie
Dominion
Foothills
*
Hayes Steel
Paper-
Pend Oreille Mines As
Price
—
—,——1
Metals—
1
--*•
—i
Osisko Lake
29
Bros
1.45
1.05 May
Sherwin-Williams
July
30
Jan
15,400
15
15
15
10%
11%
1,335
1014
Sep
12V2 July
22c
23C
3,000
15c
Jan
49c
—
1.30
1.30
50
22
22
9%
20
269
7%
2,000
31
25
May
7%C
Sep
of
Breweries
—
Southern
Canada
of
Co.
Sep
Twin
;
Steel
Wilsils
__
common
Banks—7.;,, %•'
Aluminum
Can
of
Co
Corp
Bell
"A"
Tel
Power &
Bathurst
Columbia
Bruck
Silk
13
440
85
Sep
98%
96%
10%
20
21%
548
3
3
14%
;
120
8
156
22
4,131
20
21
11
3 %
Sep
109
21%
100
Sep
24% July
Jan
8%
V
Jun
11
Feb
68
68
10
63
Feb
69 %
Aug
73
73
100
69
Jan
76
Jun
8%
8%
156
Jan
8
May
68
~
4
4
.10%
10%
19
19
5
5%
10
7 15
15%
14%
14%
18
3%
189
18
7%
150
10
7
659
85
L-
7
•j
19
,—*
•
—!——
i„—
5%
'77
10
-
100
-
57
•
35
-
Feb
5%
7
Jan
17
.
;■
5
5Va July
11
7,
Mar
Sep
.
19
July
July
7% Mar
—
Sep
15%
Sep
15
Sep
Sep
18
Sep
16%
892
16 Vs
26
10
:
■•>
Sep
14%
18
26%
330
26
Sep
15
15
15%
480
15
Sep
15%
Sep
48%
Sep
50%
Feb
10
—_
—
14%
16%
—„—10
—
new
"
17
18%
Sep
728
Sep
Sep
8
49
Notes——
Power
49
$3,000
Sep
July
Sep
Montreal Curb Market
Aug
24%
Jan
11
Jan
Sep
*
18%
18%
355
15%
Jan
18%
1,200
15%
Jan
Last
STOCKS—
for Week
Range
Shares
of Prices
Sale Price
20% May
Sales
Week's
Friday
Range since January 1
20% July
18%
Funds
Canadian
Jun
24
Sep
19% May
150
Montreal
16% Mar
157
20
26
10%
24
13% Jan
151% Mar
246
21%
10%
Jan
„—5
Building Products class A_
Bulolo Gold Dredging
new
Jun
109
101% July
18% May
3% Sep
310
15
155 %
————*
9%
142
Jan
Jan
99%
20
9%
Jan
Feb
Bonds—
Apr
21
.*
13
"16
128
7.77;777 ;7
Royal rfew
Jun
98
3
A-——*
1
Mills—
Jan
Jan
10%
22
Corp
9
89
85%
21
Pwr_——.*
Power
83
•.">'! 25
85
Canada——-100
Traction Lt &
11
96
99%
—*
;
Paper class a
Telephone Co of
British
100
*
*
Corp.—,
.
Associated Tel &
Brazilian
11
*
pfd
Electric
Amalgamated
Asbestos
1
Ltd
Aluminium
50
9%
.
High
13% May
High
Low
High
109
*
*
:
*
*
„——i—_*
new
Scotia
Nova
Range sine# January 1
96
common—
Preferred
Shares
7 109
1,978*
23%
——
Montreal
for Week
LOIV
»
0
——100
Steel
Algoma
Sales
Range
of Prices
Last
Par
Commerce
Dominion
Week's
Friday
Sale Price
8TOCKS-
4
23%
—_25
-
Canadienne new
Funds
136
23%
.
Ltd
Low
,136
'
._*
common
Range since January 1
High
14%
-J
!
,
Winnipeg Electric common
Canadian
Low
Shares
14%
,
.
pfd—100
——
Corp
Biscuit
Viau
Montreal Slock Exchange
'
14%
City Rapid Transit com—:
United
Mar
—
of Prices
100
Power
Canada
Preferred
Feb
Canada
•
preferred-!
& Sons
Steel
Jan
Sep
11c
• ■
Sicks
July
1.72
1.10 Sep
2114 May
1,000
29
29.
19
Jun
13
H
Simon
Feb
1.10
—*
Mining
24%
1.05
——1
nvestment
Southmount
445
41c Mar
Sep
1-10
15
—
Temiskaming
29%
25c
3,250
10%
7
* 7
•
Ontario
&
Minnesota
25c
—«--*
Bridge Co
Oil & Gas
31C
25c
Shawinigan Water & Power—
1
•1
Par
High
Low
High
Sales
for Week
Range
Sale Price
Range since January 1
Shares
of Prices
Week's
Friday
STOCKS—
Week's
Friday
FOR
RANGE
Monday, October 2, 1944
LISTED MARKETS
CANADIAN
;
FINANCIAL CHRONICLE
Par
Low
High
Low
High
•
*
115%
._—*
8%
365
130
19%
Preferred
Canada
8%
115 % 115%
*
Cement common—
Canada
Forgings Class A
19
6%
5
19%
9 Vs
Jan
18
Abltibi Power
Jun
6%
117% July
103% May
21
Apr
&
Paper common
—100
Power
Northern
Canada
*
Steamship common
5'/c
preferred
Canadian
-
•
Canadian
641
9%
Apr
37%
20
7%
7%
*
31%
935
43%
321
5%
152
8%
Jan
8%
245-:
20
Mar
23%
Sep
23%
24
26
23
Jan
27%
Jun
10
1
2.10
2.10
2.15
2,600
100
38
37%
38
408
31
May
21%
22
960
20
Jan
Preferred
Aug
...
—
1.55
Sep
2.40 July
Apr
40
Sep
Jun
Malting
Jan
Canada Packers Ltd
141% May
&
Dominion
Sugar
Power
•
338
45
Jun
152
46
154
July
Canada
Starch
23%
70
22%
Jan
24
Feb
Canada
Vinegars Ltd
25%
25%
35
25%
Sep
26
Aug
Canadian
General
30
30
156
24%
Jan
35
Jun
Canadian
Industries
6% July
Canadian
Indust Ltd
7%
48%
*
100
pfd
82
119
45""
82
119
■
43%
50
48%
82
*
41%
150
Co
Co
Ltd——
Co
23%
36
Sep
23
ii——
Northern
Jan
8%
Co
common
Sep
8%
22%
Brown
Canada
Apr
25
7%
4% July
50%
*
Ltd
Feb
Canada
8
836
7
Apr
*
10% July
28
Feb
305
Apr
27
Ltd-
Canada
27
3,517
Columbia Packers
Mf!1*
10%
2%
6,200
50%
British
4.R
41%
41%
40
Jan
10
,
12%
4
48
Jan
Jan
41
26%
27
common
—
10%
9
Aug
10%
100
Ceianese
Preferred
7%
5
43 V*
25
preferred
595
37%'
7%
*
Canadian Car & Foundry common——*
6%
10%
50
common
Preferred
New
6
•
——-
Breweries
6%
3%
49
;
Brewers & Distillers of Vancouver Ltd_5
Jan
British American Oil Co
Canada
3%
•
preferred
78
Sep
51% Aug
99
Jan
119
Sep
119
Sep
16
113
May
118
Sep
8% July
10
100
118
118
.*
9%
9%
5
7%
7
Aug
20
119
pfd
——
Ltd
Jan
22%
'
Rights
—
*
——
—
Canadian
Cottons
Canadian
Foreign Investment
preferred (new)—100
Canadian
_»
Ind Alcohol common—*——*
Canadian
Locomotive
30
Plow
11%
Jan
14
July
49%
50
701
39
Jan
55% July
Can
355
27%
32
Aug
Canadian
Vickers,
pfd
100
43
45
37
Aug
Canadian
Westirighouse Co Ltd
*
54
54%
3%
4%
50
29
12%
7
•
preferred—:
—;
Coal
41% Mar
29%
415
23%
Jan
31
July
Claude
13
125
12
Sep
14
Jan
4% Mar
10
July
Commercial
24
Jun
7%
Cassidy's Limited
cum
Preferred
8
•-■77/51
22%
,
17%
40
;:
26% July
Advert Ltd—*
General
55c
30c
Alcohols
22
21 %
24
25
5
116
Feb
140
July
1
150
Jan
163
Mar
7%
7%
847
7
Apr
11%
11%
11%
50
9
Jan
12% July
Falrclilld
common—*
11%
11
11%
239
8
Jan
12%
Jun
Federal Grain
110
110
4
104
Apr
110%
Sep
Fleet
71%
72
120
68
Aor
74
Feb
Ford Motor of Canada Ltd
155
Feb
163
100
*
common
—100
161
225
Apr
161
1
8
8
50
13%
14 Va
—*
6
6
^„*
19%
•
9Va
.100
___—
87
87
125
85
•
Dryden Paper
15%
15%
470
11% Mar
—*
—1
■
Enamel & Heating
Products-—
Foundation
Canada
13%
6% May
8
3,475
■7
May
Consolidated
i
Dominion
Paper Corp Ltd
Oilcloth
common
5%
preferred
General Steel Wares
New
preferred
common
9
14%
7
-—100
—
6
July
Aircraft
*
Foreign
Ltd
—5
2%
14%
Apr
20
Jan
iO
July
Jan
90
Apr
15
Lime & Alabastme—
Gypsum.
Hamilton
Bridge
Hollinger
Howard
Gold Mines
Smith
8%
8%
8%
25
5%
75%
75
5
common
25
18
18 y»
240
•
Aug
2%
25%
102
Corp
*
Ltd-;
26
31
Imnerial
Tobacco
of
Can
13%
International Bronze
i
Preferred
•„
International
13 %
Jan
19% July
111%
28
106% Mar
200
26% Mar
32
Sep
12%
Apr
10%
Jan
Jan
26%
27
111
100
100
16
16
16%
International
Petroleum
*
32%
32%
15
21%
21%
Co
Ltd
International Power common—
Pi ef erred
Lake
of
the
Woods
21
Ontario
Legare Ltd preferred
(C
W)
Ltd—
———
Ltd.—————*
Power Corp. of Can. 6%
1st Pfd.—100
6% N C part 2nd pfd_—
—50
Quebec Pulp & Paper Pr—
——
Xteliance Grain Co Ltd common—.
*
Sep
Jun
22
706
14%
Apr
23% Aug
United Securities Ltd
92
28
76
Jan
92
Apr
27%
Western
Preferred
23
1
135
70
13%
Jan
16 %
15
15
30
10%
Feb
15
Sep
8
8
Massey-Harris
•
McColl-Frontenac
Mitchell
(J
Mitchell
Oil
S)
;
(Robert)
Montreal
*
common
Tramways
Paint
National
:__*
H
59%
30
16
Jan
25
72
Jan
18%
Apr
24
25
25
75
75
21%
21%
2,124
27%
,75
24
Sep
50
19
150
13%
Feb
138
33
Jan
37% July
16%
17
1,425
13%
Jan
18
July
24
24
50
15%
Jan
26
July
56
56%
859
48%
Jan
60
July
26%
27
260
23 %
Feb
27%
-•
-
—*
24
56%
•
common
1
Power
«
5
5
85
preferred ____100
94
94
10
■
Page-Hersey Tubes
___»
95%
25
95%
4%
86
Feb
Jan
93 % July
Placer
Sep
5% Mar
94
98
Sep
Jan
Kirkland Gold
Labrador
Lake
Power
Corp
of
Price Bros &
0%
Quebec
Power
—
St.
A
Corp common
preferred
Lawrence
For
138
66
130%
Feb
15
15
14
11%
Jan
6
6
8
Jun
28%
28%
29%
1,812
19
Jan
31
Aug
100
99%
100
281
92.
Jan
101
Aug
12%
13%
160
12
May
14
Feb
I"*
10%
10%
103
104
104
500
2%
2%
240
16
15%
16
480
__
Lawrence
Class
see
page
"2
«
—*•
100
•
50
.
Paper preferred—
footnotes
138
138
I"
——1
•
Ltd common
„
Regent Knitting Mills common
Saguenay Power preferrad^.
St
100
1*
—
T.
Canada
Co
preferred
_
-
1435.
—100
59%
60
7
45
295
5%
Jun
7% Mar
100
Feb
2% Mar
13
46%
Apr
Apr
25
Jan
8% Mar
Sep
12% July
46%
Jan
59
3% Aug
91%
33
5
1,939
575
12
97%
97%
97%
65
103
103
50
22
22
4
60%-
24
7,505
85
4
64
Sep
92%
103
17c
39
Apr
26
Sep
Jan
.
Feb
Sep
May
2
Jun
22 %
98
106 %
30c
5%
455
-
-
Sep
Feb
100
July
20
18
5%
Jan
33
26
17
57%
Feb
64
May
Jan
Sep
May
Mar
Mar
Sep
21%
21%
20
20%
Jan
21%
78%
80
35
78
Aug
87
May
28%
29
600
27%
Jun
30
July
31c
Feb
1
.1
1
,
Rand Ltd
Mines
•
L
—
15%
Sep
Jun
10% Aug
104%
Sep
3% July
16% July
60%
Sep
Jan
2c
Jan
5c
July
July
100
50c
Aug
69c
Aug
Aug
52c
53c
12,500
71c
Sep
92c
8 %C
2,300
6c
Jan
10c
7 %c
7%c
500
4c
Jan
July
15%c July
6C
6 %c
16,500
Jan
13%c July
7
«_
'7*.—
a
7
1
68c
500
38c
Jan
94C
3,000
88c
May !
8%C,
8,500
3c
1,000
4%c
7%c
7%c
1
10c
7' 10c
10c
2.50
3.40
—---—
19%
3.40
400
2.70
19%
.1
Malartic Goldfields ————
•
■
Ltd
—
Porcupine Mines Ltd
Cadallic Gold Mines Ltd.
Pandora
Pato Cons
Gold
Mines
Ltd
Red Crest Gold Mines
Ltd
4.25
1.38
Jan
4.35 Julv
2.14
2.26
3,300
1.31
700
9c
i
.
Steep
Wasa
Lake
Gold Mines.
1,000
5.00
100
1.15
1.15
400
6c
1
75C
Ltd——1
—:—_50c
1.54
Rock Iron Mines
Sullivan Cons Gold Mines
9c
5.00
6c
500
6c
1
6c
500
75c
78C
4,000
1.24 Mar
7c
3.40
Jan
Jan
90c
4c
3%c
42c
3.35
May
Jan
Jan
Mar
3.25
100
1.51
1.56
6,900
1.05
.1.05
800
70C
Aug
2,000
85c
Sep
3.25
—
May
3.50 July
Feb
1.31
.
18c
3.40
77
——
Shawkey Gold Mining Co Ltd.
Gold
Mines Ltd--——,
Siscoe
Sen
Jan
July
Feb
2.15
.1
Jan
May
1.14
15%
•
—.——
80c
15c
115
1
1
Gold Dredging
1.51
Jan
500
■
«
Gold, Mines
O'Brien
Pamour
2%c
68c
94c
7
—
1
Ltd
15c
500
7 8%c
8%c
•
10,100
3c
88c
21c
.
'J
-
22C
3c
88C
21C
7
.1
Mining & Exploration—.
Shore
Perron
100
Development
175
7%
2% Mar
10
24
«
Penmans Ltd preferred
4
95
—
Mines Ltd—
Joliet-Quebec
Jan
19
20
-
50
1
Ltd.,
Carlkr-Malartic Gold Mines Ltd.
Francoeur Gold Mines Ltd—
Hard Rock Gold Mines Ltd—-
22% Aug
37%
Sep
397
755
1.50 Mar
33
•
Ltd
Ltd—
Mines
Bouscadillac Gold Mines
Jun
19
19
Jan
5% May
17
29
Aumaque Gold Mines—__—_—,
Beaufor Gold Mines Ltd—
July
37%
19 Vs
Can
90 :
26
—0
Flour Mills Co Ltd pfd..._*
Aubelle Mines
Sep
*
Aircraft
Ac
Apr
100
Noranda Mines Ltd
Car
47
6
100
33
pfd_.—100
»
#
Jun
59%
July
1 '7
Mines—
Jun
—*
Ogilvie Flour Mills
L
9%
9 %
—
common
Steel Gar
Corp
Niagara Wire Weaving--
Ottawa
Feb
Apr
common
Co
Breweries
National
Ottawa
8
48%
.
23 Va
7:
/
59
_100
Aldcnnac Copper Corp
Arno
8% Aug
6%
48%
20
Apr
111
8%
7%
21%
140
394
8%
7%
100
;
Lt Ht & Power Cons—
Montreal
Murphy
•_»
.r.
.
Montreal Cottons
8%
*
Apr
18
21
95
Manufacturing—
Woods
Sep
—-25
8
Sep
26% Aug
205
136
5
19%
8%
3%'
*
—- -
Investment—
$1 cum pfd
Mar
16%
,
i
—
Southern Canada Power 6%
Feb
136
_*
12
95
Wnlker-Gooderham & Worts-'Ltd H—*
19%
July
22% Jan
16%
common
Sep
10%
Aviation
28
7
21
19%
19% Aug
16% Jan
59
59
Corporation
Moore
35%
3
—
Sep
39
8%
Paper.——_—*
Apr
Jan
Sep
21
10%
———,—10
—
&
Jan
Jan
Apr
50
28
26
4%.
22
2%
22
25%
46
Jun
2%
21%
Distilleries Ltd common—
Noorduyn
Sep
100
^
Jan
18
Sep
35
■•
common
2%
65
.
Sep
609
113
Feb
45
Jun
22% May
28
Mar
4% July
Jan
33
106
i
Jan
19%
Sep
15
Sep
3
500
Jun
103
Mar
5
22
27
108
30%
Sep
21%
100
Jan
45c
Jan
4 %
8%
Jan
20
Feb
Ju:i
17%
Mar
215
25c
Jun
Jan
Feb
Mar
25
25
400
26%
13%
96
675
25
46
Apr
20
25 J
4%
3% July
4%
7/4
23 Va
684
21%
Sep
Sep
May
10
12
21%
3
8%
21
100
-
Laura Secord Candy
Lindsay
21
3%
510
?.*
2
100
17%
94
22
*
—
Preferred
21
•
340
;
100
4
—
955
16%
,V
8
Preferred
7% Aug
92
Aug
Aug
July
17%
Minnesota
13Va July
7
——100
9%
20%
Melchers
July
500
common
—
7
*
Power & Paper Co—
preferred
Southmount
International Paper
Preferred
Apr
3% July
7% AUg
*
————*
Mnssey-Hurris Co Ltd 5% pfd
106
A
Jun
2,680
28
35 %
10
4%
•
46
P
&
13
31
'
Jan
5
21%
*
Jun
7, 77 560
—_—25
P
com
10
7 Vb
■;
John
Corp
MacLaren
111
■
Jan
530
4%
Maple Leaf Milling Co Ltd com!
12%
Int Nickel of Canada common!
St
Lake
Utilities
Jun
12
*
Sep
5%
30
21%
20
6%
7 Vb
:
Sep
24
7%
4%
4%
—*
_100
1
,
May
13%
common—-
760c
28%
29
19%
preferred
cum
5
30%
'
Mar
Jan
7
Sep
common—*
!
—100
Acceptance Corp
5 Va
Jun
5
common
Preferred
,
15% July
Preferred
10c
6%
4%
29%
*
*
Jan
14
Ltd
May
Aug
25c
25c
—*
Companies, Limited—
Ltd (A J) common..
9%
£1
Oil
Aug
5
3,388
26%
A
54%
6%
Jun
Jun
57
Feb
140
3%
Apr
53%
67Va
Jan
Jan
3%
3
Inter-City Baking Company Ltd
Paints (Can) Ltd A„_
;
17% Aug
111
«■
•
Imperial
Industrial
11
100
;
Mining
Bay
11
*
;
Paper
Preferred
Hudson
•
100
Jan
2
4.442
9%
2%
...—
Sec
Power
Fraser
Sep
8%
50
8% Aug
2%
35
3%
Hydro-Electric Securities Corp_7
25
102
'/a May
12;■
8%
■».
*
—
Jun
140
54%
Apr
2% Mar
40
100
8%
9%
Freiman
20
102
Sep
15%
Jan
47%
305
6%
—_——1
Ltd
common
Aircraft
Sep
9%
54%
Jan
75
4
13,645
!
3%
35
*
Paper Co \Ltd—i„
Donnacona
July
4%
5%-
/
Goodyear Tire & Rubber Pfd (1927)—50
174
Jan
l.ao
10
425
8
8%
•
^j^Linoleum
International
Gatineau Power
Jun
-
9% July
j
50
Jan
Aug
14% Aug
4
3%
3%
1——-5
■
•!'
;
59
15
6%
common—*
Ltd
161
•77
V-*
60c
*
——:
—
135
25
22
Apr
Neon
Preferred
.
'
common——
25
•
-
of
Feb
135
B
& Chemical
Co
Feb
33 %
5%
Inv
•161
100
Dominion Stores Ltd
Corp
Paper
Company™.
161
;
—
—100
Preferred
Pr
pfd-100
cum
*
common
Preferred
Dominion Textile
&
Pr
&
Marconi
29%
22%
_
Canadian
15
v
166
'
Canadian Inter Inv Tr 5%
386
7%
common—4—„—_
Dominion- Foundries & Steel
Electrolux
29
25
Jan
pfd-100
cum
May
167%
1,000
b
7r/o
Jan
12% Aug
Jan
145
500
1
Smelting-
Dominion Bridge
Preferred
''!;" 50
155
38
At
7
13
32
Steel
7
12%
•
—
36%
Tar
pfd__°
July
32
Dominion
cum
10%
10
Sep
14
36 %
Dominion
2
73
Jan
7:37%
Glass
14%
2
Jan
10 Vb
*
Dominion
14%
1
27
3,785
*
Preferred
Company——100
5
494
12
•
Dairies
75
73
Glass
Coal
172
75
5%
69
Crown Cork & Seal Co
Dominion
172
5%
11%
Distillers Seagrams
Dominion
30
12
"B"___*
73
rrL_
Consolidated Mining &
Consumers
500
class
11%
Canadian Lt
Cockshutt
12
165
Ltd
25
230
Feb
12
165
Ltd—i*
Investments
———*
Canadian Pacific Railway
5%
■
1.50
Sep
Sep
20
July
July
1.50
July
15c
July
5.00 Aug
1.35 July
9c
Jan
8c
May
1.25 July
4.35 Aug
1.95 July
1,08
Sep
Oils-
British
Home
Dominion Oil-..——
Oil
Homesfoead
Co
Ltd
Oil & Gas Ltd.
85c
85c
2.90
2.95
200
4c
4c
1,000
2.90
4c
Sep
1.30 July
3.65 Mar
Jun
4%c Feb
.
Volume
1435
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4321
160
OVER-THE-COUNTER MARKETS
Quotations for Friday Sept. 29
For
Investing Companies
1%
Affiliated Fund Inc
Bid:
28.52
3.75
B-2
29.41
32.23
Series
B-3
18.13
Shaskan & Co.
29.68
Series
4.11
19.90
Series
>
30 VB
28%
Quotations on Real Estate Bonds
Ask
Keystone Custodian Funds—
4.34
3.97
.10
Holding Corp
American Business Shares— —1
AAmerex
B-l
_
15.39
Scries
B-4
9.26
10.18
Stand Oil Shares
—2
6 Vb
6%
Series
K-l
17.39
19.08
Axe-Houghton Fund Inc
—1
14.75
15.86
Series
K-2
21.71
23.89
24.47
26.89
13.17
14.48
10.72
11.79
4.77
5.29
Assoc
14.19
Foreign Investing. 10C
American
t
7.67
7.06
—1
Aeronautical Securities
•
Par
Ask
Bid
Par
Series
Series
10
Industry Shares
Inv Tr of America
Fund
Boston
Inc
Ltd
Fund
Bullock
5
5
1
Inc
Broad Street Invest Co
3.68
102.09
18.01
29.81
15.79
106.34
S-2
S-3
Series
5%
5V8
1
A Common
Bond
—
Series
Nat Investing—
Bankers
Basic
S-l
S-4
-
Knickerbocker
19.37
6.19
Fund
32.23
Loomls Sayles Mut Fund
Loomis Sayles Sec Fund
17.31
Members New York Stock Exchange
Members New York Curb
Tel:
6.79
DIgby 4-4950
41.60
Manhattan Bond Fund Inc—
10.04
9.13
10c
Common
3.30
.—lllc
4.66
30.56
Mass
Investors
Trust
1
21.89
23.54
10.69
Mass
Investors
2d
1
10.92
11.74
10
11.35
Insurance
5.08
•
28.42
Chemical Fund
1
9.88
Christiana Securities com—100 2,500
12.41
Fund Ltd
Trust
Inv
1
Century Shares
100
1
Preferred
Commonwealth Invest
1
1
1
Investment Trust
Consol
Corporate Trust Shares
Series AA
Accumulative series
AA
Series
ACC
5.40
•
.1
Inc
25o
1
voting shares
3.84
1.33
""1.46
8.02
8.67
Bond
.—
Income
Low
Diversified Trustee Shares—
series
Stock
*
1
6.55
1.41
23.59
19.53
1
38%
39%
Building supply.
-•
19.31
1.84
5.54
10.19
20.79
2.02
6.18
New
England Fund
New
—
York
Stocks
1
pfd
Equity Corp $3 conv
Inc
Fund, Inc_
First Mutual Trust Fund
8
Fixed Trust Shares A
10
Foundation Trust Shares A—1
Fundamental Invest Inc
—2
Fundamental Trust Shares A—2
B
*
General Capital Corp
•
General Investors Trust
1
Financial Industrial
Bank
American
Re-Insurance
American
Reserve
10
American
Surety
25
10
—2%
9.67
10.63
8.37
4.40
25.40
5.67
Group
Casualty
National Fire
36%
39%
6%
7'A
Shippers
.25
Fire
79
605
Amer
Trust
10
53%
55%
North
__:.5
39 Va
41%
26%
Northern
24%
30 %
.33
Pacific
62%
Pacific
2.17
2.83
1
2.73
1
2.40 "
7.16
7.76
6.90
!
Series 1956
6.27
Series 1958
6.73
7.40
Building shares
7.70
8.47
Chemical shares—:
—
5.65
—
9.49
10.43
5.14
5.66
Republic Invest Fund
7.10
7.81
8.74
5
Fire
Corp
Marine
&
&
57c
15.32
Republic
Revere
47%
50 %
19%
St Paul Fire & Marine new.12%
45
Security New Haven
10
17%
42 %
5
7%
com,
Rutgers Fire Ins.
23 %
-
Fire
Seaboard Surety
8%
5
24%
68 %
Travelers
28%
U S
71%
47 %
35 Va
126Va
U S Fire—
61 %
58 Va
10
Standard Accident
81%
'
6%
29 %
23%
44%
33 Va
121
10
;—10
Springfield Fire & Marine
25
27
.
Hanover
(Texas)
(Paul)
77V2
American
52c
12%
24%
8
preferred
14.25
11%
22%
5
Newark..-
2nd
Great
14%
37
..2
10
—.10
(NY)
5
of
Fire
Falls Fire
Globe
■
Corp
100
522
507
Fidelity & Guaranty Co..2
39 Vb
37 Vb
Scudder, Stevens & Clark
7.05
Reinsurance
Globe & Republic
__
6.22
Electrical Equipment-
;
Providence-Washington —'
Glens
1
—
Preferred Accident
61
Gibraltar
34 Va
4%
27%
21%
.25
92%
General Reinsurance
—
*
—
57
Firemen's
84%
13 Vb
10
Indemnity Co..;
Phoenix
80%
5
Fire
58%
52
49 Va
10
12.50
10
149
47
6
5
10
48%
82%
94%
14%
23%
6%
87
99%
10
River
88%
Franklin
shares
1953
21%
Ncrtheastern
10
6.82
Series 1955
48 %
13'/a
10
8i49
36
30
45%
.*
Fire
Fireman's Fd of San Fran
6.01
North Amer Bond Trust ctfs
27%
5
...2.50
York
Fire Assn of Phila
10.30
.
10
.,—
Hampshire Fire
143
7%
27%
25%
10
New Brunswick
New
Employees Group
Employers Reinsurance
57%
171
161
2
Casualty
New
10
6.19
20
20
20
7.72
Y
.
22%
Connecticut General Life
Continental Casualty
Crum & Forster Inc..
—
N
18
10
Federal
Railroad equipment
Fire
Ins
21%
5
.
Fidelity & Deposit of Md
9.37
Mfrs
&
Amsterdam
New
84
580
Merch
Fire Assur
5
National Liberty
National Union Fire
6.98
5.45
North
National
9.23
Steel
37.27
6.03
17
59%
9.05
Oils
6%
15%
56%
10.63
Railroad
29%
54%
Fire
6.34
;
27%
10
...2
Monarch
8.39
Machinery
(Detroit)—10
54 %
9.67
stock
49-%
6%
5%
12
15%
Merchant
14 %
10%
8%
5
Casualty
1
Massachusetts Bonding.—12%
51%
8.23
equipment—
Insurance
46%
5%
4%
of North America
10
City of New York.—.
9.05
8.23
Electrical
4
Fire
Knickerbocker
.19%
100
Camden
7.52
.11.07
'
—
—2%
Boston
r 11.90
17%
5
Baltimore American
•
%
shares
14.05
Fidelity & Casualty_5
American of Newark
7.44
'7.61
stock
Series
Automobile
Automobile
American
7.01
6.83
Metals
3.80
23.18
4.91
4.54
34.66
5.60
SecuritiesAgricultural shares
5.98
11%
5.14
10.07
Chemical
Fund
Fidelity
8.10
io.83
-
8%
70%
12%
Maryland
Equitable
Bankers &
Agriculture
66%
Jersey Insurance of N Y
American
Inc—
Automobile
Balanced Fund
Stock Fund—
3.97
13.04
Aviation
■
Howard-
&
Eaton
5.75
1.28
1 .'•• 21.96
1
13.53
Dividend Shares
3.80
2.50 v
25c
D
7.80
5.39
—
39%
8Vb
76%
23%
73
21%
7.32
priced stock common
Preferred stock series
19.63
36%
Insur Co
10
6.30
—_
20
41%
25
Alliance
3.51
series
28%
15%
87 %
39%
American Casualty
4.64
-
stock
priced bond series
85
Homestead
American
6.76
series
Industrial
—
10
51%
Agricultural
,
v
27
13%
5
140%
48%
10
Life
7.10
series
10
132%
10
Aetna
National Security Series—
Low
Fund
Delaware
"
•
shares
"id
Par
Home
10
Surety
Aetna
National Investors Corp
—
Aetna Casual &
Companies
Ask
Rifc
Par
Securities—
series B
(Md>
45
18.16
mod
(Colo)
Fund
Fund
Invest
Nation-Wide
2.29
2.29
2.78
2.78
4.84
mod
Series
Mutual
143
2.50
1
1
1
Cumulative Trust Shares
Maryland Fund Inc
2,600
138
4.97
43
Bell Teletype NY 1-953
1
98.10
40.77
*
10
3.90
Canadian
New York 5, N. Y.
40 Exchange Place,
96.14
Exchange
shares
Aviation
shares
Food
Administered
Fully
shares—
bond shares
General
—
Plymouth Fund Inc
!,
Putnam (Geo) Fund—.—
10c
1
10
24%
26%
10
96%
101 %
Hartford Steamboller Inspect—10
41%
44%
Hartford
Quarterly Inc Shares.—;
10c
7.47
6.85
1
3.43
93.23
2%
10.10
11.02
Selected
„1
4.18
4
47 %
50'
—10
69%
74ft
.2.50
30%
33 Vb
Pow & Lt 3s__1974
106 Vb
*—1 O CD
103%
104%
102%
102%
-
Guarantee—
S
—
Westchester Fire
95.11
Selected Amer Shares
U
3.77
•
Fire
Fund,
Inc
Industrial Machinery shares-
6.82
7.50
Institutional bond shares--.—
9.74
10.22
Investing
6.22
6.84
Sovereign Investors
1
6.09
6.67
5.90
6.49
State Street Investment Corp.—
43.00
46.00
6.67
7.34
Super Corp of. Amer
•v2.44
4.97
5.47
Price Shares
Low
Merchandise shares—
—-
Mining shares
Railroad
shares
stock
ASeries
4.64
4.21
AScrles B
•;
Corp—
1
Foundation Fund Inc
Income
Common
Insurance Group
>
24.24
2.56
11:34
89c
12.43
99c
1.13
13.40
27.82
13.49
i
12.22
-
-I.
25.59
13.17
103%
New
101%
series
Gas
;
C
Edison
104 Vb
Okla
Natural
102%
102%
Panhandle Eastern Pipe Line—
106%
106
2%s
86c
25.83
Conn
Light & Power 3s____1974
107%
Chicago Union Station 2%s_1963
Empire District Elec. 3%s__ 1969
100%
101%
8.82
105%
105%
7.14
21.05
17.00
——1
16.95
Florida
•
18.62
Miss
Investment
1973
106
106%
1972
108 %
108%
Diego Gas & El 3%s__ 1970
Power 3%s__1968
;104%
j.
108%
109 ft
San
10514
106
Southern Colo
City Term Ry 2%s_1974
100%
101%
West Penn Power 3s
104
104%
York Corp.
Power
&
Light 3%s„ 1974
1958
4%s
1
A First
Boston
Corp
3%
34 >/8
35%
Bank of New York
Bankers Trust
52%
107
54%
112
■
99%
103%
*
39%
10
,
Brooklyn Trust
100
Central Hanover Bank & Trust 20
National
Chase
Bank
15
10
Chemical Bank & Trust—:
4.42
4.30
100
Fulton
25%
24Vb
49
Bank
Corn
10
Trust
&
Exchange Bank & Trust.20
50%
50 :.v77%
_L1.
26%
Empire Trust
Fiduciary Trust
Bank
National
First
——
—
100 1,660
—100
320
Kings County Ttust.^.-i-
1945
1V4%
100.8
100.9
t%s Dec.
1,
tDec. 15, 1945
%%
100
t%s Feb.
1,
100.4
100.5
t0.90s
100.28
100,29
mar 15.
1946
1
tDec
1946
1%%
15.
%
99.31
100.12
100.13
1%%
100.29
100.30
t%s June
15
16
tSept.
15,
1948
-1ft %
100.19
100.20
t%s Aug. 1,
1,645
38 %
National City Bank
12
9%
—20
100
.—12%
t%s Sept.
Oct.
51
-j.——__25
95%
44%
Trust
York
New
Title
Guarantee & Trust
-.100 1,420
United States Trust
(When„ as and if
10%
Bid
_.
B
93
95%
97
1st 4s
1983
81
83
2003
51
53
Chicago Milw St Paul & Pacific
1994
,
105
income
4%s A
2019
69
71
Gen
income
4%s B
—201.9
55
57
income
Conv
Denver
&
Income
4%s
.2019
Feb
_.
1st
Gen
Paul
2012
income
mtge
& Saulte Ste
64
102%
65
—
55%
56%
83
84
.2014
4%s.
Akron
&
Canton
100.3
15, 1948
Bid
Ask
3s
100.5
102
1955-1945—
102.2
3s
1944
b0.90
Jan.
1956-1946
103.11
103.13
3s
0.75%
May 1, 1956-1946
104.11
104.14
1,
Issuet
103%
103%
U S Conversion 3s
101.22
1955-1945
1946
3s
1947
105%
105%
1961
133%
134%
U S Conversion
101.24
Panama Canal
Ask
104%
3s
105%
1991
106%
73
107%
74
United States Treasury Bills
Youngstown—
—
—■
36
74
38
14%
Cpmmon
5 % preferred
15%
Rates quoted
76
Bid
Paul & Pacific
Common,
„
Preferred
:
—
5 %
.
100
preferred
SL
Denver
&
Rio
Minn
St
Free
v
37
October 5.
33
16
17
&
Western
Preferred
October
19
14%
1%
>
b0.37
b0.37
;
0.30%
0.32%
26, 1944.'
2, 1944
b0.37
b0.37
b0.37
24,
November 30,
bO.37
bO.37
1944
1944—
1944
—j-
December 7,
1944
December 14, 1944
0.32%
0.32%
0.33%
December
21,
bO.37
bO.37
0.33%
0.33%
0.34%
0.34%
b0.375 0.35%
bO.375
1944
0.35%
bO.375 0.35%
43
November
Sault Ste M—
common
1944
November
.0.28%
November
42
Ask
November 16,
October 19, 1944
42%
18
com
c
Pacific
41%
fc/r discount at purchase
Ask
b0.37
1944—
October 13,
13%
Grande
—
Paul
t
*
are
Treasury bills-
Chicago Rock Island & Pacific—
Optional v t c—
M—
4%s——.1971
4s
.0743
Federal Land Bank Bonds--
Bank—
Loan
15,
—
Preferred
1st 3-4s income.——1993
Minn St
101%
Grande-
Rio
4%s
.0770
.5045
—
—
Pacific—
mtge
Common
Chicago Rock Island & Pacific—
19.94
Inc
Chicago Milw St
104
Gen
1st 4s
3%s
Bid
Stocks
2nd
1st 4s
1, 1945
99
Chic Indianapolis & Louisville—
4%s
.0588
Ask
Federal Land Bank Bonds-
issued)
Western
1.988
1988
A
J0865
Other
Ask
Canton & Youngstown—
series
.0699
1945...
Obligations Of Governmental Agencies
47%
1,465
Reorganization Rails
4%s series
.0823
1945
1,
99 %
Public Nat'l Bank & Trust—17 %
0.85s June
4s
.0691
39%
tl Va %
Akron
.0895
1945—
257
37%
Federal Home
Bid
.0718
.0779
53
247
Commodity Credit Corp—
Bonds—•
1
.0824
.0619
53%
Morgan
(J P) & Co Inc
_
41%
50%
,
Ask
.0726
.0707
.0741
t%S Apr.
1%%
1947
Bid
.0661
.0608
1945
1,
Mar.
Price 100 Plus
1944.
1945.——
1, 1945
t%s May 1, 1945.:
tMar 15 1947
15,
22%
-
Certificates
tSept.
Lawyers Trust
25
Manufactures Trust Co com—20
1,700
100.9
-100 1,590
—
——
preferred
'
Dollar
Indebtedness—
of
100.7
15,
point
Maturity—
Ask
% %
328
52%
81%
28%
./•
Ask
200
200
100
—10
-
49%
47%
21%
Bid
185
51%
Conv
—20 "
Co
Trust
National
Grace
Irving Trust
Commercial National Bank &
Continental
,
Rid
Int. Bate
1945
tMar
.v,.
100
Trust
Guaranty Trust
41%
>
107
Quotations For U. S. Treasury Notes
Mar 15,
Par
Ask
Bid
Par
107%
106%
3%
10
Co
City Banks & Trust Cos.
of the Manhattan Co.—10
107
Banking
&
Figures after decimal point represent one or more 32ds of a
Bank
ii2-
.1974
Corporations
ABlair
Maturity—
New York
101 ft
101
(Indiana;—
3%s series E
1979
Kansas
101%
•100%
1953
debs
Light 3%s_1974
4V8s
•
1961
108%
1974
3%s
Power
Florida Power &
'v.'
1.82
B
2%s
Gas
Puget Sound Pow & Lt—
4%s
7.81
19.26
U S El Lt & Pwr Shares A
3s
Public Service
107%
23.03
Union Preferred Stock Fund—J
—;——1974
Ohio
103%
1969
8.07
-
—1974
1969
1973
4s
i£L
^00
Public Service
Orleans
3VaS
& El—
.1
—
Brooklyn Union Gas 3%s
25.05
A
B
Series
77C
3s
Lignt
21.07
Fund
Bond
Wellington Fund
1.02
shares.
Investors Fund C
1.60
22.54 '
2.27
-
shares
of America—1_10
Co
Investment
1.47
-»
shares
Bank Group
Stock and Bond Group
6.30
Union
.
102%
101'A
Gas
Blackstone Valley
—':
Union Common Stock Fund B—
—10c
-
Incorporated Investors
.
ft
Independence Trust Shares
•
Institutional Securities Ltd—
Aviation Group shares
1
-ui.
Trusteed Industry Shares.—.250
33c
21c
-1963
3s
5.09
Series
AHuron Holding
2.27
5.78
4.79
4.62
shares
Utility
New Jersey
Birmingham Electric 3s_._ —1974
2.39
1
ASeries A—
4.83
4.35
shares
Tobacco
4.83
4.38
Steel shares
103 ft
1964
4air
Bid
Ask
103
Atlanta
...1
.
Bid
3%s_—-2
<? Armour & Co
jflgVj■
'
4.38
Equipment shares
D
Recent Bond Issues
Stand Oil Shares—
Trustee
'
RR
1
C
A Series
3.87
3.51
—
shares—
AA^.i_—„i
Trustee Stand Invest Shs-*~->.
6.30
5.72
shares
Petroleum
Railroad
Shares
Income
2
9,
1944
*No par value,
k Removed
to Stock
Ex-dividend,
33
34
x
67 W
68%
tlons not
y
a
Odd lot sales,
Exchange,
Ex-rights,
furnished
r
b Yield price,
December 28,
d Deferred delivery,
Canadian market,
tin default.
by sponsor or issuer.
1944——
s
e
—
Ex-interest,
f Flat price,
Cash sale—not included in range
tThese bonds are subject to all Federal taxes.
for veat.
AQuota
-
THE COMMERCIAL & FINANCIAL CHRONICLE
1436
Monday, October 2, 1944
Week
THE COURSE OF BANK CLEARINGS
1944
this week will show an increase compared with a year ago. Pre¬
liminary figures compiled by us, based upon telegraphic kdvices from the chief cities
of the country, indicate that for the week ended Saturday, SCpt. 30, clearings for all
cities of the United States from which it is possible to obtain weekly clearings will
be 3.9% above those for the corresponding week last year.
Our preliminary total
.
center
for the week follows:
by Telegraph
Clearings—Returns
—
Philadelphia—.
.
416,585,705
529,000,000
411,776,228
277,135,766
156,848,834
323,934,689
'
——
——
'
Kansas
'•
v
City—
St. Louis
———4——-'
T—--
1,146,157
+ 21.8
4+11.3
6,522,000
3,467,000
5.4
85,040,322
64,869,107
142,800,000
246.550,000
+
+
6.5
2,486,528
1,604,834s
172,069,362
4.2
124,052,067
105,993,484
40,048,643
+
2.6
31,345,141
32,380,324
318,043,011
+
0.1
250,224,466
209,033,658
Reserve
122,309,385
13.0
209,672,672
,
+
;.
45,648,319
152,100,000
.
—
2,423,655
$6,566,997,170
+
+
58,126,713
56,139,995
"+
5,162,027
+
+
98,804,820
430,705,850
cities)—i-ul
108,103,778
432,477,110
Seventh
6.1
+
3.9
•
.
580,645
Bend-
1st
Boston
2d
New
3d
Philadelphia
-
12 Cities
12
"
—
York
"
7
6
10
"
"
"
"
6th Atlanta
—
7th Chicago
Des
City;A—
City—
11th Dallas
Francisco--
12th San
Total
—
_
We
now
add
-
'
Louis
Total
(4
Federal
-'A
A."
cities)
River
—
—
-
Lowell-——
Bedford—
New
——
Springfield——
—
Worcester
Haven
New
,
—.
i_.
694,727
Reserve
cities)-*
(12
'
Sept.
23
439,267,895
York—
4,935,223
-339,278,269
857,573
596,818
829,084
3,409,896
'
Newark
'+ 10.3
460,460
1.4
391,979,753
Reserve
District—Kansas
New
Total
.
(12
Third
Federal
St.
Joseph
—
(9
Eleventh
Federal
Dallas
-
Scranton
_'V
Fort Worth
-
Total
156,900,000
72,818,724
65,222,889
1,080,000
341,017,471
338,421,613;
+
,
120,900,000
3.1
56,760,123
52,728,074
—15.5
50,403,681
*59,052,092
+
7.0
819,000
+
0.8
264,882,804
+
Federal
Reserve
>233,379,166
;
4,699,731
4,136,033
176,371,695
51,720,943
+
3,047,935
+
1,564,287
1,393,238
+ 25.7
1,485,280
1,047,012
5,070,681
5.8
5,454,069
4,342,070
243,304,812
+,13.6
4,528,130
2.9
123,371,695
100,274,546
"4.3
39.693,044
36,483,607
7.9
3,107,623
2,794,458
+ 12.0
1,445,187
—
—
—
0,7
:
3,239,934
1,225,622
149,457,249
178,815,028
City—
202,283
4,342,163
79,123,964
3,467,721
6,993.557
214,498,928
•!
6,035,944
»
1,016,409
839,555
316,520,524
+
1.7
*
186,399
3,580,820
2,984,414
9.0
52,218.821
42,824,727
—32.9
2,180,642
2.110,743
'
+ 27.7
4,893,559
3,956.118
0.9
178,983,043
132,249,513
5.4
3,805.144
—
—
+
—
—
0.7
939,346
3.2
3,646,192
979,031
0.7
246,766,808
559,011
741,396
'
189,157,262
Utah—Salt
Lake
San
---•
3,430,603,134
8,629,183
8,885.629
5,345,303
2,658,030
1,957,029
0.9
94,579,551
81,839,788
9.9
10,855,969
9,909,088
+ 17.8
2,735,000
1,869,000
0.8
1,090,139
1,386,892
+
5.7
4,786,930
4,034,493
170,392,117
+
2.1
116,705,619
101,046.290
0.7
92,071,321
60,406,609
1,478,924
103,213.802
102,407,289
3,440,021
86,939,837
30,696,716
8,932,499
95,898,847
'
——
City
—..
Jose
1.3
3,764,000
2.4
+
+
—
5,149,081
—2,928,728
Francisco
San
2,600,687
143,727,392
13,672,033
—
34,269,070
8.715,506
—
—14.9
2,436,132
9.3
80,867,975
56,044.784
—10.4
27,957,185
22,364.323
—
+
1,711,682
5,751,344
2.5
4.589,427
4,950.526
+
4.4
+
7.2
+
0.2
—22.7
California—Long Beach—_—
—
Santa Barbara—i
——•—.—
Stockton—
.
6,199,819
266,649
323,920
20,801,378
Gra^d Total
(110
28,458,204
30,33 7,035
Outside New
York
4,573,591,869
3,565,609,579
20,387,403
.
Total
(10 cities)
♦Estimated.:
'+ 14.5
2,272,655
2,976,872
7.8
260,841,000
197,877,000
5,963,948
+ 26.8
4,059,527
1,711,052
+ 57.2
1,006,335
1,410.567
4,379,981
+ 19.9
4,179,245
3,227,975
3,572,061
4,090,558
335.448,000
7,564,566
2,689,241
5.252,634
'
6,059,450
•
.
'
Pasadena—„———
311,117,000
+
898,439'
586,950,068
572,281,288
+
2.6
48i,262,719
351,507,678
10,586,430,872
5,038,419,703
10.215,073,388
+
3.6
8,501,672,' 771
6,896,031,170
0.3
4,055,909,057
3,465,427,036
—
cities)-
——
—
5,054,666,618
—
■■
•
,
i
434,974
1,597.175
872,766
1,710,116
716,000,000
1,229,976
2.605,441
+12.2
429,494
'
—19.6
1
452 744
1,379,701
1,633,664
—
2.3
—
7.0
1,557,912
^- 5.7
556,000,000
530,000,000
1,206,775
/' L385.417
2,229.918
+37.6 1
416,493
.
495,227
'
N0te—Canadian Bank
1,608,677
2,590,505
+
0.6
2,170,984
1,320,996
—
5.9
1,015,089
1,577,184
+
5.2
1,682,355
>,482,916
3,766,700
+129.8
2,340,600
3,355,500
731,100,392
4.9
568,199,403
of Dec. 31,
1,079,722
1943.
Bankers
were
discontinued
as
General Meeting of the Canadian
250, at the last Annual
V bvrr+l-r-
Clearing
As noted in our issue of Jan. 17, 1944, page
Association
direction
was
given
that
clearings
VO)
Total
(10
Fourth
Cities}
Federal
Ohio—Canton
—
Columbus—
Mansfield..—
Youngstown
543,723,788
2,520,094
2,939,374
7.7
98.972,782
85,652,889
+
2.3
203,604,243
1 64,202,939
+33.9
12,382,700
11,874,100
2,422,393
2,404 696
8.7
2,559,716
3,003,791
+
3.7
271,679,184
201,714,068
+
1.9
594,181,118
471,791,857
247,117.593
22,252,600
—„
2,353,860
+23.8
3.832,556
:
16,614,600
2,915,079
—
(7 cities)—
\
3,525,818
+
291,485,010
694,045,260
707,211,789
returns be
discontinued
on
that it had been obvious
+24.4
3,108,315
135,410,488
241,547.169
Pennsylvania—Pittsburgh———302,230,126
Total
-
—
3,865,513
124,998,322
—.
Cleveland
„
—
District—Cleveland-
Reserve
——
Cincinnati—.—
85,148
—15.1
—
District—San Francisco—
;
830,719
39,039,010
.
699,000
;
173,940,550
1
(6 cities)
1,060,379
4,445,763,714
695,164,006
Jersey—Trenton—
5.2
199,300.000
55,098,783
5,439,591
—-
Louisiana—Shreveport——
+59.4
+-7.5
8,653,900
..
486i969,65l
2,538,286
145,032,000
15,029,204
4,434,300
1,467,169
-
Falls
746,514
1,342.394
——«
-
York
510,990,802
+
District—Dallas—
Galveston—
Wichita
14,873,072
1,659,783
——.
Wilkes-Barre
1.9
306,271,591
—
1,177,833
5,339,436,083
1,590,109
Reading—
1,416,674
612,771,095
833,448
;
45,900,000
..'
4.5
675,000,000
1,691,991
——.—.
1,844,903
1,023,016.
Reserve
Texas—Austin
935,781
—
849,068
Lancaster..
1,997,510
1,783,201
5,711,844
_
__
Springs
cities)—'——
1,145,133
25,525,919
;
4,136,818
9.4
+ 17.2
—r-_r,—,T^_i
47,300,000
—
_>'*'■/"
Chester————
4,466,555
•+
2,326,284
Colorado—Colorado
3.7
—14.5
>
1,284,948
V
+ 31.8
8,933,407
City
Oregon—Portland
7.640,670
4.3
673,572
488,011
1,283,309
373.022
392,289,744
1,508,996
1,928,483
212,382,165
Wichita
9.8
40,760,322
Bethlehem--————
New
1,000,224
5,160,408,770
District—Philadelphia—
Reserve
479,264
405,368,041
.
2,042,813
205,661
Kansas—Topeka
Missouri—Kansas
+
8,132,725
Pennsylvania—Altoona———
+
4,844,538
3,686,944
+
—
6,690,635
Jersey—
cities)—
Philadelphia-.—
.
?:
520,455
——
Northern
—53.5
•
8,111,636
*
21.0
71,168,825
Omaha
329,218,177
—
24,375.730
.
1.9
+
241,478,669
'
Lincoln,
2,313,354
11,267,718
4,958,977
12,666,700
632,850
5,718.104
•'
,
+
1,373,969
4,745,184
4,777,736
—
Tenth Federal
3,544.722
2,469,429
14,692,186 :
5,755,108
18,096,700
8.9
10,760,927
——V--
Jersey—Montclair—
8.8
471,211
481,150,053
Nebraska—Fremont
2,598,848
288,296,120
853,666
372,712
737,254
5,721,796,388
Syracuse^.—
—
Connecticut—Stamford—:
13,884,027
2.8
+
r
975,256
—
1,365,748
••
11,495,924
5,544,178
—
$
599.007
.10.898,808
'
—
7.0
7,111,107
1941
7.5
— 0.7
+ 4.9
—34.0
+22.5
869,837
1,594,731
5,547,011,169.
—
1,440,672
15,132,610
1,751,245
—
(7 cities)——
Total
$
—
70,044,000
955,412
—
Rochester,
New
14,926,722
———
Jamestown
New
6,944,156
1,305,865
—
-
Elmira—
1,669,118
*■'
t
72,600,000
Binghamton——
Buffalo
6.7
1,752,332
Dakota—Aberdeen——
.Pueblo.^
—31.8
446,280,077
—U.
+
3,289,012
..j."
Dakota—Fargo
•
1942
District—New York—
York—Albany
2,890,208
53,935,958
Yakima-
New
23,851,115
171,272,655
——
V^ashington—Seattle—
Second Federal Reserve
.
Paul-—_i
Twelfth
Total
28,594,748
District—Minneapolis—
Montana—Billings—
v
Inc. 01
630,018
—..
Hampshire—Manchester
'
2,936,629
—14.7
17,514,328
1.1
5.375,321 *— 1.5
21,724,800 —12.1
2.503,759
17.314.390
5,292,641'
19,097,400
—
—
7,094,142
12.7
-
4,297,116
3.915.836
Island—Providence—
Rhode
»
-3,977,555
385,991,992
984,385
652,561
1,098,263
—
Connecticut—Hartford—
New
246,766,8(58
Dec. %
$
'>•
.
1,097,109
i
.
v-
——
—
South
6,896,031,170
3,465,427,036
Ended
3,677,620
383,215,868
1,032,327
430,452
1,344,816
———
9,942,386
+
1,156,000
;
North
149,457.249
189,157,262
178.815,028
8,501,672,771
4,055,909,057
.
748,059
-
—21.8
75,062,688
—
x
233,379,166
264,882,804
3.6
0.3
+
1943
$
Massachusetts—Boston—
Fall
Week
1944
Maine—Bangor.
Portland
St.
101,046,290
351,507,678
—
3,040,240
10,536,168
34.199,293
209,700,000
Illinois—Quincy
1941
$
116,705,619
481,262,719
.
■
1,969,394
23,731.000
;
2,235,377
Tennessee—Memphis—
Ninth
0.7
—'3.2
+ 2.1
+ 2.6
—
572,281,288
*
District—Boston—
Reserve
3,010,793
2,592,543
624,511,176
Kentucky—Louisville-—
detailed statement showing the figures for each city for the
\
Federal
First
24,972,000
+ 24.1
+ 21.7
—
Eighth Federal Reserve District-—St. Louis—
Total
10,215,073,388
5,054,666,618
Clearings at—
9.6
3,495,917
486,969,651
10.586,430,872
"A
2,707,128
34,889,000
6,386,778
——
Missouri—St.
510,990,802
+
243.304,812
316,520,524
170,392,117
for four years:
1,687,995
512,691
(17 cities)
471,791,857
209,033,658
265,136,815
241.478,669
306,271.591
173.940,550
586,950,068
week ended Sept. 23,
3,820,530
2,733,122'
1,663,102
Springfield-—
594,181,118
250,224,466
323,072,382
341,017,471
our
4,418,630
8.2
0.6
—
2,260,761
Rockford-J
1.9
+ 0.1
— 0.4
612,771,095
+ 1.9
338,421.613 ' + 0.8
"
* 5,038,419,703
359,243
5.1
+
584,297
490,422.606
Peoria-i.j————
Total
413,793
+
—
Minneapolis—
—
694,045,260
318.043,011
432,477,110
"
110 cities
265,136,815
5,031.548
7,307,682.
i._— z_.
Helena,:
"
"
"
Outside New York City
323,072,382
;
14,077,297
Chicago—L-———
Decatur—'
543,723,788
7
4
Minneapolis
10th Kansas
195,493
63,426,446
3,082,920
———i
Illinois—Bloomington
568,19.9,403
t
■
80,827,540
4,382,752
8,234,050.
Moines-'———
Sioux
4.9
731,100.392
9
6
10
Louis
8th St
9th
_
8.6
0.4
—
38,234,538
3,113,171
'
'
253,140,
38,544,139
Rapids——'—
Iowa—Cedar
329,218.177
3,565,609,579
624,511,176
6th Richmond
5,076,619
—
4,339,043
Terre Haute—
$
391,979,753
4,573,591,869
318,115.419
430,705,850
17
4th Cleveland
1,532,614
24,003,000
43,260,557
8.2
3,293,492
.
Wisconsin—Milwaukee'-—-——
$
446,280,077 — 1.4
5,339,436,089 1, + 7.2
695,164,006
707,211,789
-10
3.5
+10.5
+
1,676,200
•
.
,,
1942
Inc. or
Dec. %
3943
439,267.895
5,721,796,388
2,244,591
1,750,000 ' :
33,816,279
31,542,000
—•
Minnesota—Duluth——
1944
$
'
:
5,285,986
—_—
Wayne_:
Indianapolis—————.
South
SUMMARY OF BANK CLEARINGS
;
1.1
4,742,607
—
Indiana—Fort
furnish a summary by Federal Reserve Districts:
,
♦
9.7
Federal Reserve District—Chicago—
Grand Rapids
•
Districts
Week Ending Sept. 23
—
6.2
1,850,617,234
Orleans——
312,944
■
92,300,000
4.2
$8,180,930,850
(10
4,670,657
338,579
35,157,887
115,500,000
"*(
9.6
~
2,725,207
49,693,745
5,497,466
33,353,474
2.4.
+
5,990.182
6.5
—
1,793,676
Total
6.7
1,613,933,680
the Saturday figures are not available at
Reserve
2,682,793
6.6
—
50,232,818
Louisiana—New
l.i
time of going to press.
of the Week in all cases has to be estimated.
In the elaborate detailed statement, however, which we present further below,
we are able to give the final and complete results for the week previous—the week
ended Sept. 16. For that week there was a decrease of 13.6%, the aggregate of clearings for the whole country having amounted to $10,541,396,959, against $12,205,677,821
in the same week in 1943. Outside of this city there was a loss of 15.4%, the bank
clearings at this center having recorded a decrease of 12.0%. V 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 record an
improvement of 7.2% but in the Boston Reserve District the totals register a falling
off of 1.4% and in the Philadelphia Reserve District of 4.9%.
In the Cleveland
Reserve District the totals show an increase of, 1.9%, and in the Richmond Re¬
serve District of 0.1%
but in the Atlanta Reserve District the totals show a decrease
of 0.4%.
The Chicago Reserve District has to its credit a gain of 1.9% and the St.
Louis Reserve District of 0.8%, but the Minneapolis Reserve District suffers a loss
of 0.7%.
In the Kansas City Reserve District the totals register a decline of 3.2%,
but in the Dallas Reserve District the totals record an improvement of 2.1% and in
Federal
16,399,672.
42,700,525
155,800,000
-
Mobile—
Accordingly, in the above the last day
<
'1
'
15,323,037
Mississippi—Vicksburg—
Complete and exact details for the week covered by the foregoing will appear
issue of next week. We cannot furnish them today, in as much as the week
In the following we
+
—
Alabama—Birmingham———
our
District of 2;6%.
1
District—Atlanta—
Macon—
1.7
$7,006,119,375
—
Federal
Lansing—
>
718,909
2,581.044
+
Florida—Jacksonville-.
1.3
224,783,787
$10,425,430,392 $10,031,548,084
J
778,408
41,076,705
Michigan—Ann Arbor
the San Francisco Reserve
$
.318,115,419
Georgia—Atlanta
Augusta—j
3.0
1,737,571,732
1
-
164,816,201
(6 cities)
Sixth
0.9
+
$8,687,858,660
cities, five days—.
ends Saturday and
f
..
6,233,000
Columbia—Washington—
Nashville--
1.681,739,285
in
1941
f
96,123,031
2,422,818
Tennessee—Knoxville—
14.4
158,283,679
12j,602,y38
-
—.
Balitmore—————.r—-----1
Ten
Total
5.2
249,877,000
'
•
Cleveland——
of
$
6,936,000
Maryland—Baltimore
District
v,
,
101,309,544
1.2
228,513,216
182,356,921
—Ix
—
—_—_i
Pittsburgh—-—
+
558,000,000
147,100.000
------
San Francisco-:
'
■
1942
or
Dec. %
»
1,395,925
South Carolina—Charleston
+ 12.6
$4,168,886,730
:
Boston
Sept.. 23
Inc.
-
-
%
1943
■
$4,695,098,995
—
L--~—
Chicago---,——+s——
Reserve District—Richmond— k
Richmond
■"v v":
'
1944
Sept. 30
Week Ending
Federal
$
$
■
■.
New York—
Fifth
Virginia—Huntington
Virginia—Norfolk
there
eummary
>"+*;
West
$10,425,430,392, against $10,031,548,084 for the same week in 1943. At this
is an increase for the week ended Friday of 12.6%.
Our comparative
at
\
v
fBank clearings
stands
Ended
1943
•
not
Dec. 31, 1943, in view of the fact
for
some
time that the figures did
correctly reflect business activity, for the reason that
intra-bank items do not pass
through the clearing houses.
(Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4321
1437
1
RedemptionCalls and Sinking Fund
^' ■':
: Moiices
Below will be found a list of corporate bonds, notes,
r
notices
j': i'!/ - / "'i!'v
tender
of
Date
Company and Issue—
1
■
'
/
:'vi
■;
ii'
Viscose
5 %■
Corp.,
preferred
Nov
stock
Atlantic Coast Line RR. 47
collateral)
Nashville
&
Amerada
1178
,
1077
American
982
Famous Players Canadian Corp., Ltd.,
1184
Great South
1295
1st mortgage 314 s, series A, due 1967--——.
Houston Natural Gas Corp. 1st mtge. 4s, due 1955
International Rys. of Central America 1st mtge. 5s
Iowa Electric Co., 1st mtge. 4s, series A
-Oct,
,-Nov
1
1
1
1
1
1
15
1
due 1961—
Keyes Fibre Co. 1st mtge. 4Vis, due 1956..—-——
Litchfield & Madison Ry., 1st mtge. 53, due 1959
Lorillard
Co, 20-yr.37
(P.)
Nov
Oct
debentures, due 1963
Marion Steam Shovel Co. 1st mtge. 6s, due 1947
Oct
Megowen-Educator Food Co,, 57 debs., ser. B, due 1947_Oct
Metropolitan Building, Ltd., 1st mtge. 5s
Nov
Montreal Island Power Co. 1st mtge. 57s, ser. A
Nov
New York Power & Light Corp. 1st mtge. 3% 7 bonds,
Anaconda
*
.
985
832
Common
986
6A
832
730
1297
(Calif.), 3Ms 7 debentures, due 1956—Nov
Taylor Wharton Iron & Steel Co. collat. trust 777 In¬
come (now 1st mtge.) bonds, due July 1, 1958—
-Oct
United States Leather Co., 77 prior preference stock—Oct
871
1233
1
873
1
1948
Plywood Corp., 4%% pfd. stock, series A_Oct
1
Fuel & Light Co. 1st mtge. 5s, ser. A, due
v
;
JNoy. 1
Date
Allegheny Ludlum Steel Corp., 7% preferred stock——Dec
1
American Furniture Mart Bldg. Corp.—
1 //! '
'1;'■!!:
1st mortgage 6s, due 1946
;
Oct
1
American-La France-Foamite Corp.. inc. notes due 1956-Oct 16
—
.
Armour & Co. of Delaware—
1st mtge. 20-yr. 4%
>
977
977
bonds, series B, due 1955—
•
and' 1925
—
1st mtge. 4s, ser. A,--NOV; <1;;
Carrier Corp., 477 debentures, duo 1948
——Oct 24
Central Pacific Ry. Through Short Line, 1st mtge. 4%
bonds due 1954—--------j-'--—i—-^-——---'-4-r-0ct.: 1
Central States Edison, Inc., collateral trust bonds—,—.-Nov 13
Chicago, Burlington & Quincy RR.—
;U,
Illinois Division mtge. .377 & 47 bonds due 1949—Jan
1
Chicago Union Station Co.—
1st mortgage '3 %s, series E, due 1963———Jan 1,1945
Cincinnati Union Terminal Co. 1st mtge. 37 s, ser. D,
due
1971
--Nov.' 1
Conlon Corp. 67 debenture bonds
—Oct
1
—
1179
1179
1290
Co
:
10c
$1
$1.25
10c
■
(quar.)^_7^_.-W—47'
533
981
Hosiery Co., Inc., 7%
preferred stock
1st & ref.
Co.—
"
;
1080
$1863
17'Ac
■
,
10-10
9-30
9-30
10-15
11-1
Canal
&
Service Inc.—
Claiborne RR. 6% gold
St;
Charles Street
Nivelle Corp.
.
bonds
;
RR,
1st
-
■
mtge, 4s, due 1952—Oct
1st mtge. loan ctfs. due
3952-2——_LJSTov
Co.,'7%, 6% and 5V2'M
T
Ozark Power & Water. Co., 1st mtge,
Sioux City Service Co., lst: mortgage
6stldue
1951
:
'
:
Cuban
Cuban
Trustees
for
the Church of
Westmount,
1st mtge.
the Ascension
4Vs>s—
'
Oct-
of Our Lord,
—Oct
1st mortgage 6s, dated
1929
——;
—Oct
2c
Oil
Co.
of
—.
25c/,
..$6
Brothers
Inc.,
Atlantic
65c
$1.75
37YsC.
$1.50
Sugar.———i._—,
common
—i__
$1
(quar.)———$1.50
Telephone,
preferred
Dixie
Home
Stores
6c '
—
(payable in cl. A stock)
....
Shepard Cp. (irregular) 7..
Dominion Malting Co.
(initial)
—..—
Dominion Bank of Canada (initial auar.)..7
Dominion Fabrics, Ltd., common (quar.)—
Dolese
1
2
67
•
15c
$1
(quar.).
&
1st
Second
preference
preference
(ouar.)
(quar.)
—
,
20c
'
11-20
25c
:
9-30
11-30
10-16
,10- 6
25c
10-25
10-10
$1.50
common.
10-25
10-10
$1.25
10-
.
.
,
H.),
(Daniel), common..—.
preferred, (quar.)
Halle Brothers, $2.40 conv. preferred (quar.)
Harris-Seybold-Fotter, $5 preferred (quar.).
Hart Battery ■
•
Hartford Electric Light (quar.)
Hartford Gas Co., common (quar.)
87
preferred''11 (quar.) ——
Hartford Steam Boiler Inspection & Insur.—^
—
9-29
9-29
$$2
11-, 1
10-24
$40c
11-1'
10-24
$$1.50
10-2
9-27
50C
10-
2
9-20
$1.50
10-
2
9-20
60C
10-16
10- 9
$1.25
,,
10-2
10c
9-23
8-30
9-29
11-
68%C
1
10-14
50c
9-30
9-21
50c
9-30
9-21
i
10-2
25c
11-
9-25
1
'30c
10-31
$1,067
10-31
127c
10-10
Corporation
:
'
10-20
10-10
'
10-10
.
>
,
9-30 ♦*
I
)
25c
12-
1
11-15
$1.75
11-
1
10-13
25C
11-
1
10-13
$1.75
11-
9-15
Co.,
(Edward)
77
10-2
67
preferred (quar.)
_
$1
Lumber_.--.™.^i^!_....^.
(Fori Wayne, Ind.)
Home Tel. & Tel.
9-20
Hook
Drugs
10-14
Horn
&
10-31
'
(quarJ______—_—______
preferred
Holly' Sugar Corp., common (quar.)
77 preferred (quar.)
Home Insurance Co. (Hawaii)
(irregular)
10-27
9-30
10-10
77
10-9
25C
Y.)
40c
(quar.)...
9-30
ZincyCo;-----'!.!.-*-!------'*'!-----*^
25c
12-
7
Johnson Service
9-30
Johnson
10-10
Judson
(quar.)
10-
(quar.).
,11-
Kawneer Company
77
9-30
9-19
10-2
9-26
9-22
$1.50
10-
"
10c
(quar.).....i.......
Krueger
9-22
127c
10- 2
■-
$1.50
Brewing——
common.—.
Lane
Bryant, Inc., 77 preferred (quar.)——
Lawrence
Gas
Lazarus(F.
9-30
Leath
&
$2.50
Co.,
Electric
&
&
R.)
&
common...
■
11-
12-27
50c
(quar.)
11-
9-30
Loomis-Sayles
10-
12- 1
11-
3
11-17
10-
6
.10-
6
10-
77C
10-
10-10
10-25
10-10
10-31
10-25
10-15
10-7
9-30
9-30
10-
2
9-25
10-20
10-20
10-10
10-14
9-/20 :
9-30
20c
$20c
^^Sc
11- 1
11- 1
11- 1
10-14
$20o
.11-1
10-16
9-20
9-20
10-21
11- 4
1
Mid-West
12-1
10-16
9-30
(quar.)...—.
50c
10-16
9-30
65c
10-13
$1.31.7
Fund
11-
11-
10-
1
4
4
10-13
5
10-16
10-
10-16
10- 5
20C
10-31
10-15
40C
; li- i
10-14
10-14
10%C
Fund..;!—
Abrasive
Co—
25C
:
-
11-
1
$1.75
10-
2
10-14
9-30
$1.25
,11- 1
10-20
$1.50
10-
2
9-25
20c
11-
1
10-20
15c
11-
1
10-14
Power
Co.,
$6
Loan Society,
Monroe
Morrell
(John)
&
class A
Co.
(quar.)__
(quar.)—
preferred
.
—•
' —7
■
mt.
Industrial
Bank (N. Y.)__——
Mountain States Power, 57 preferred (quar.)
Common
(quar.)
i—
—
Nashua Manufacturing, common (irreg.)...
1st preferred (quar.)
———.
Plan
12-
3c
10-14
$1
10-14
9-15
...
11-
$1.50
9-25
1
50c
1
,11-23
:
10- 4t
10- 4
9-
l,t
10-11
10-16
10- 7
50c
(quar.).......—
Extra
Morris
10-2.
$1.50
$1.25
Semi-annual....—
10-28
10-14
50c
10-28
10-14
25c
10-
2
9-27
5c
,
9-30
preferred (quarJ
77 preferred C (quar.).—.—
National Battery Co.
2nd
—
——_
Distillers
National
10-16
National Funding,
Class
B. (quar.)
(quar.)
(quar.)—
Products
class.A
...
10-20
377c
10-20
9-30
60c
10-25
10-14
$1.25
10- 2
10-2
9-23
50C
10-2
9-23
10-
2
9-23
11-1
10-19
50c
11-1
10-16
35c
10-20
9-30
35c
10-20.
9-30
$1.75
50C
—.
10-16
62 70
$1.20
.
—
'
9-25
$$1.50
—.
Piping & Supply (irregular)
Miller (I.) Sons, .87 preferred (accum.)....
Monarch Life Insurance (Springfield, Mass.)
Montana
,
12-15
1-2-45
10c
9-30
10*10
9-20
12-
$1,627
Midwest
9-18
10-25
2
2
11-1
50c
McCall Corporation (increased quarterly) —
,7Extra
—-i—-—!
McCaskey Cash Register, 77 1st preferred.
McColl-Frontenac Oil, 67
pfd, / (quar.
*McCrory Stores Corp., 57 preferred (quar.)
McDonnell Aircraft, .$6 'preferred——.—
McGraw-Hill Publishing
McLellan Stores Co. (quar.)——
Medusa Portland Cement, 67' pfd. A (quar,)
9-18
10-11
10-20
10-2
87 7c
FTeld~&"~Co."Tq"ua7FII—.11III.1.1
Marshall
9-30
9-30
1
(irregular)
577 pfd. (quar.)
Light
Bond
Manhattan
10-5
11- 1
'
12-14
17%c
5
10-16
10-14
1-2-45
11-
9-25
9-30
'V
1
11-
$1.25
77c
Luzerne Co. Gas & Electric,
9-25
11-15
10-16
20c
Mutual
Electric
10-13
10-31
$1
...
9-30
1
$1,127
-
,
12-12
12-27
1
25c
__
—__
B
t
12-12
10c
preferred
(quar.).——...
Co., common (quar.)—_—
6V2 7 preferred (quar.)—
Long-Bell Lumber (Mo.).!—-w-!——
Loomis-Sayles Second Fund (irreg.)
Lowell
10-16
1
10-14
75C
$3.50
9-22
10-20
10- A.
Link-Belt
10-20
9-25
11-20
11-30
;■
627c
Stores, 47 7 preferred (quar.)
Lenox Water (quar.)
Liberty Loan Corp.,. class A—_—
9-29
9-25 n
11-30
10-13
(quar.).
Lerner
9-29
10- 9
2
10-25
—
preferred
Class
10-11
■
55c
Lehigh Portland Cement, common
.7 47
preferred (quar.)
;
4
1
377c
—
(quar.)
1
Valley Gas, 67 preferred
Lee Rubber & Tire Corp. (quar.)
9-25
9-23
10-
$1.75
(irreg.)
Co.—
Lebanon
10-10
5c
9-20
11-
5c
■.
5
9-30
$1.50
9-25
9-30
9-23
10-16
10c
(G.)
,
10-
10c
10-11
9-14 /
2
9-30
127c
Laclede-Christy Clay Products,
7 Extra
'
9-29
10-2
Kearney; (James R.V Corp, (quar.
'
Keyes Fibre, 67 prior preferred (quar,)
Kokomo Water Works, 67 preferred (quar.)
9-30
5
,
,
10-13,
20c
25C
9-30
12-13
10-
1
$1.75
c._—
9-30
9-30
9-21
10-16
$1
;
9-21
10-14
$$1
!
9-20
-1
2
(quar.).
Stephens .& Shinkle, Shoe....
Mills,
2
30c
preferred A (accum.).
Kansas Gas & Electric, $6 preferred (quar.)
10-10
10-31
1
10-
10c
International Milling, 4 7 preferred
Johnson & Johnson, 47 2nd pfd. A
9-27
2
30c
...
9-20
9-20;
10-31*
9-30 !
9-27
25c
Navigation....
International Industries
10-20
10-
Steam
Inter-Mountain Telephone, common
67
non-cum., preferred...
10-20
10-
50c
-
9-20!
11-20
$$3.75
(Canada) (quar.).
Securities, Ltd.—
:
,7
Inter-Island
9-30
9-20
9-30'
Aviation, shares
9-20
9-27
10-11
1
9-30
$1.50
Imperial Life Assurance
9-21
11-
$1.75
Institutional
9-28
'
10-2
$1.75
Illinois:
10-10
(N.
9-0
9-30
I"
10-13
$1
.....
Co.
1
67 preferred (quar.)_
1st '. preferred (quar.)
2nd preferred (quar.) ____________
77
; V
Hardart
•
3
9-15
(quar.)
(quar.)
-
75c
__
Howes Brothers,
11-20
9-30
11-1
9-23
50c
9-20
10-16
10-25
,10-16,
10-10
10-16
? 9-30
2
;
10-16
11-15
11-15
11-15
12-^ 1
9-20
11-15
10-15
10- 5
10- 5
12-1
25c
50c
10-7
$1
1
9-27
31V4C
11-1
11-1
12-
.10- 2
50c
10-10*
50c
$1
(s-a)
Gas
1
11-15
Hines
9-20
10-20
,7——'—.,—'.
Natural
-
11-
10-25
10c
$1.50
$1.75
—
9-29
10-25
50c
'
10-14
9-30
.
10- 6
10- 6
11- 1
9-20
11-1
25C
(quar.)...
(P.
10-20
1
10-2
11-
11-1
li- 1
10-10
10- 2
v
11-
75C
10-6
Texas—
.....
preferred
9-30
10-20
11-15
10-31
■
,10-15
11-15
10-
;
10-14
50c
11-15
10-6
•
$1.50
$1
50c
Heating—
Car
$1 non-cum. pfd,
United States Steel Corp., serial debs,, due 1949-1955—Nov!
Utica Electric Light & Power Co. 1st mtge.
5s, due 1950
§
Warner Co.,
9-20
15c
-
75C
7'
10-15
10- 2
7'
Dickey (W. S.) Clay Mfg.—
67 class A (annual).
bonds—Oct
Vertientes-Camaguey Sugar Co. of Cuba,, 1st mtge. 5s--Oct
1.
(quar.)
$1.50 ;
7
Realty—
Davenport Water, 57 preferred (qpar.)—.. 7.7$1.25Dayton Rubber Manufacturing, comj (quar.)
25c
$2 preferred A (quar.).——_——
50c
Delaware Power & Light Co.—————
20c
Detroit (Gasket & Mfg. (quar.)—25c
De Vilbiss Co., 77 preferred (quar.)...—„
17Vac 0
Diamond State Telephone—
43%c
.
1
Temple University-Greatheart Society, Inc., 6%
&
$1.25
1
——
Term.
Consolidated Vultee
1298
Pacific Co.—
due-1954
9-30
.
Hershey Chocolate Corp., common (quar.)..
$4 convertible preferred (quar.)-.;
>
—Oct
preferred
,1
Hercules Powder
4
10- 2
Paper
(quar.)
—.
Aircraft, common
!
convertible preferred (quar.)j,_——7 Corn Products Refining, common (quar.)—
77 preferred (quar.)—..;
Creamery Package Manufacturing (quar.),..7
$1766
5s, dpe 1952—Mar 1,1945
4%
10-10
•
10-27
9-20
Consolidated
67
gold bonds—Central Pacific stock coll due 1949—Dec
Central
Pacific
Ry.
Through Short Line
1st
4s
Southern
3-17
10-16
Schmidt Brewing.—
&
Herbrand
9-20
(C.
Extra
*
1
preferred; stocks—-—1————-Oct;20
4-2-45
$1.75
,
1
10-
$1.12Vi
preferred (quar.)—
Mills■
Consolidated
1082
1
■
Postal
Consolidated
986
due
Oct
Northern Indiana Public Service
.
-
mtge.
9-30
10-15
9-30
50c
—
67
_Jan 1,1945
Jan 1,1945
1946
Transit
77
-
•
12Vic
(quar.)
G.), Ltd., common (quar.)——
preferred A (quar.).—
—
preferred (quar.)—
—
Connecticut River Power, 67 pfd. (quar.)—,
Conn
985
1
"
■.
(quar.)
Insulated Wire—.—
Columbia
,
Public
$1.25
$2.50
(quar.)—
77
Collyer
1080
1187
Ry., 1st mortgage sif, bonds—————Oct
1
Mississippi Power & Light Co. 1st mtge. 5s, due 1957—Oct 6
National Bearing Metals Corp., 7% preferred stock——Nov
1
National Container Corp, 15-year 5
debs., due 1952_Oct
1
National: Distillers Products Corp., 10-yr. conv,. 3Yi%
A
debentures, due 1949
—Oct 20
Orleans
12-18
40c
,
—
$1447
Oct
1
and Vk pfd. stocks—Oct
1
stock———Dec 14
Market Street
New
1-2-45
(quar.)..
Haytian Corp. of America (initial)"
Hecht Company, common (quar,)...—;_i.7
41/47 preferred
(initial quar,)..—
,
.
preferred (quar,)—" ■ $1.75
Coast Breweries, Ltd.
(quar.)
^
$3c
Coca-Cola Bottling (N. Y.)———7W-77 '7
50c
i
327
.
Unified mortgage 3 VaS, due 1950———
10-year collateral trust 3%s,'due 1950--
11-17
$2.50
...
,
■
1
11
Laclede-Christy Clay Products Co., 6% preferred stock—Oct
11-17
,12-
-,7
9-15
9-30
...,
preferred (quar.)———
—
$i.62V2
City Investing Co., 77 non-cum. pfd. (quar.)
$1.75
Cleveland Cine. Chicago & St. Louis—
7.
5%. preferred (quar.)————
$1.25
Cleveland-Cliffs Iron, $5 preferred (accum,)
$1.25
Cliffs Corporation 7—^7—.-7.—20c
(Clinchfield Coal Corp., common
25c
1184
Kress (S. H.) & Co., special preferred
Louisville & Nashville RR.—
-
10-14
6V27
mtge. bonds, series A, due 1953
Indiana & Michigan Elec. Co., 6%
Charleston
1294
Heywood-Wakefield Co,, 5% debentures, due 1946
-Dec
River Day Line, 1st mtge, 6s, due 1946——Feb
11*30
11-30
'
.
10-25
9-25
10-21
12- 1
9-30
10-20
11-'1
11- 1
^
.; .Chillicothe Paper, 4Vs7
1
Nov
Hudson
Power
5
9-30
,
429
1
1
1
12-14
...
10-
10-14
—
Ry.
Corporation, common
preferred (quar.
Cincinnati
—Dec
Life Insurance
67
9-25
10-31
5'V
25c
10-31
7 Central Hudson Gas & Electric—
7':: -77.7/:'7/7.'.7,:.;, '7:.
Common
(quar.)—————.,''7:::; 12c
10- 2
4Vi 57 preferred (quar.)
$i.l2V'a
10- 2
Central New York Power Corp.—
7,7':;'777.'^'"77
"
57 preferred (quar.)—
$1.25
' 11- 1
——Nov 20
Grace Hospital Society, 1st & ref. 7% bonds of 1952—f
Harvill Corp., 6% preferred stock_i--__——i—*.Oct
Illinois
*
■:
1st mortgage 4s, due 1946——--.Nov
1st mtge, 4s, due 1945———Nov
Gotham
1293
12-14
1-2-45
10-11
Case Lockwood & Brainard
•
1
1
■.. 67 debentures,..due■' 1956-—- —-—Oct■ 20
Derby Oil & Refining Corp., $4 preferred stock
Nov 15
12-14
1-2-45
.
10-10
Ohio
&
Celotex
—
bonds
9-30
10-20
10- 2
Clinchfield
Carolina
$2299
1077
1-2-45
$1.50
57 preferred (quar.)..'.
Goodman Manufacturing Co.„.^^.7_!._7^i:,
Gordon & Belyea, Ltd., class A com. (quar.)
Class' B
(quar.)—...
i__.__.___..
■.
67 1st preferred -. (quar,)....-.!.^....^-.''
,,
Consumers Power Co. 1st mtge. 377 bonds, due 1967_Nov
Delaware Valley Utilities Co., coll. tr. & ref. 67 bondS-Nov
1st mortgage 4%
9-22 :J
:
10-31
—
219
1180
$1.25;
$1,377
J15c
•
Mercantile
Glatfelter
10-23
—
1077
.
Coal Co.,
,
;'-7.
11- 1,
12- 1
11-1
(accum.)———
A
convertible
Gimbel
3
10-6
11-10
10- 2
10- 2
10- 2
11- 1
11-10
.
:
,
Exmoor Country Club
Southern RR.
11-
50c
20c
;
■
class
12-15
(S. A.), common (extra)
Preferred fs-a) ''■..■....i...'.-;—
Giddings & Lewis Machine TooL^.__._.._^
Bondholder's Corp.—
Corp.,
9-21
28o
;
10- 6
■
10-24
50c
:
Co.
1
9-30
i.
Gerrard
!
9-26
10-14
10c
—
—
''
Glen Alden
3
12-15
•
978
.
Florida
10-
12-15
______
1077
.
..
10-12
10-17
-
Canadian Cahners, Ltd., conv. 4%
due 1951
Empire District Electric Co.—
1st mtge, and ref. 5s, due 3952--:—
9-15
10-13
$1.50
Bridgeport Hydraulic (quar.)
:' 35c
Broadway Department Stores, com. (irreg.)_ '
50c
5 ¥<>
preferred (quar.)
$1.25
11-1
Brompton Pulp & Paper (quar,)—
;
$25c
10-16
Brooklyn' Union Gas.———..—.—7
25c
" 11- 1
Brush-Moore Newspapers, 6'7 pfd.
(quar. ):i>,
$1.50
10- 2
Caldwell Linen Mills, $1.50 1st pfd. (quar,)_
;
$37c
11- 1
80c 2nd partic. preferred (quar.)
——
±20C
11- 1
California-Oregon Power, Vfo pfd. (quar.)
$1.75
10-16
6%
preferred (quar.)
—__J—_—
$1.50
10-16
7 6'c preferred (1927 series) (quar.)
$1.50
10-16
Canadian Bank of Commerce—
'.77
7-7\77'!77>77
New ($10 par)
(initial quarterly)
$15c
11-1
Canadian Breweries, $3.40 conv. pfd. (quar.)
$85c
1-1-45
Cannon Shoe Co.-——-^.77.-7l0(5
10- 2
Brandon
1180
Oct 314
,
9-30
12-22
$2 class A (accum.)—
$2
Brainard Steel (quar.)».^.u—1.-/..-,—15c
1179
-
■; 1923
Rubber
Bow-Bilt
■.
1289
'
Nov 10
1st mtge, 20-yr. 4% bonds, series C, due 1957
Nov 10
1st mtge. 20-yr, 377 bonds,. series D, due 1964
-Oct 11
Avery (B. F.) & Sons Co., 57 notes, due 1947———Nov 15
Bethlehem Steel Corp.. 377 debentures, due 1952
-Oct 2
...Brooklyn Union Gas Co.—
T
• !'■
'-'-v";;!"
■ <;:!-■ -V
20-year 57 debenture bonds, due 1950--^....Oct .27.
.1st lien and ref. mtge. gold bonds/series B, due 1957-tNOv ; 1
Budd (Edward G.:) Mfg. Co. preferred stock, series ofi' .iM!!
:
9-19
10-4
..
$25c
$1.75
Biddeford & Saco Water (quar.)—
$1
Blue Ribbon Corp,, Ltd.; 5% -pfd.
(quar.)7J ' $623/2c
Boston Edison Co.
(quar.)^._
;
—' 1 :50c
'
'■
■
Bathurst Power & Paper, class A (quar.) —;
Bell Telephone Co. of Pennsylvania
CALLED
v
U-a)-»_..-_-_,.iw'^
Wilcox
&
Baldwin
Company and Issue—
10- 6
12-22
10-16
10-14
10- 2
10-14
:$1
;
91
$3
Paper Mills.
Baldwin Company
1121
.
ISSUES
:
Badger
t
ENTIRE
10-26
11- 1:Y 9-30
JA -$X:12 V2
-7'
Babcock
1025
United States
;
-
Y'vYM'
preferred (quar.)
31J/4C;
Atchison Topeka & Santa Fe Ry.—
$1.50
Atlantic City Electric, '4% preferred (quar.) Ylxt $1
Atlantic Coast Line RR., 5% pfd. (s-a)_— ;/ $2.50
Atlantic Company, 6% preferred (quar.)—
$1.50
6% cum. preferred A (accum.)__—
$1.25
Attleboro Gas Light (quar.)_,
:
$2
Ault'& Wiborg Proprietary, 5¥2% pfd. (quar.) $$1.37 V2
Austin Nichols & Co., $5 class A (accum.)—
$2
1
Superior Oil Co.
Wisconsin
9-20
10-23
.
2
$1.25
571
10* 6
11-
$2
Green
15%.
.Extra...
571
11-1
$1.50
'
9-20
9-20
15C
preferred (quar,).
.General Baking Co.
15C
General Brewing
25c
Corp.
General Mills, Inc. (quar.)
V- •, $1
General Steel Castings Corp.—
67 preferred (accum.)
$1.50
General Steel Wares, Ltd.—
57 preferred (initial quar.)"—..-....-.'—*.;
$$1.25
10-14"*
11-17..
25c
•
''AssociatedTelephone: Co., Ltd.—
835
9-20
9-30
67
'7-
—
1082
1
—_
____
:
^
preferred.
9-30
$2.50
(quar.)—...
General American
■
Oct
——
Cable
&
Argus, Inc. (resumed)
;
Arlington Mills
(quar.)
——Arizona Edison, $6 preferred (quar.)—..,
Associated Public Utilities Corp
1081
--^Oct/^'l:;
Roos Bros., Inc. 677 preferred stock—--JNov
1
.Safeway Stores, Inc. 57 preferred stock-Oct
1
Southern Natural Gas Co. 1st mtge. 3 */* 7 bonds, due
1956
Wire
Anglo-Iranian Oil Co., .Ltd.—rA-: 'A
Ordinary (registered)
(final)
Appalachian Electric Power—
4 V2 'w
preferred (quar..)._
Arcade Cotton Mills, common
1080
due 1964
;
&
r:
984
9-20 i
9-30
Laundry (irreg.)..—...
Gardner-Denver Co., common (quar.)....—
$3 convertible preferred (quar.)..
r
9-13
11-15
10-16
9-30
10-10
10- 2
10-14
/»
50c
$1.50
(quar.)'._._.._^.T..—...
Brewing
Galland
9-29
10- 2.
75c
10c
$1.75
—
(quar.)—
60c
7
9-29
■
'•
1080
1
Oct
Oct
:
1
1
Nov
1079
of Rec.
Holder»
^
9-30
$1.75
..ii.
(J. J.) & Co., 77 preferred
Franklin County Distilling—
.
1079
477 bonds, ser., "A," "B" and "C," due 1951-Oct 19
Federal Water & Gas Corp., 577 debentures due 1954_Nov
1
Gayiord Container Corp., 577 conv. preferred stock—Oct 31
Bay Water Co., 1st ref. mtge. 5s, due 1949_Nov
1
Hartford Electric Light Co. 37 debentures due 1967—Oct
1
Home,Telephone: & Telegraph Co.—
!. U'!!-!!
75c
$1.25...
Casualty Co. (quar.) — 7
15c
Investing
25c
American Furniture, 7%
preferred (quar.) „
$1.75
American Maize-Products, common
25c
10-16
7Yr preferred (quar.)——————;—
$1.75
9-30
American Safety Razor; Corp. (increased)
75c , 11-15
American Smelting, & Refining, com. (quar,)
50c
11-30.
.77o. '-preferred,' :(quar.:'-V.'
$1.75
10-31
American Steamship,; (irregular),
: 7 $3;; 9-30
American Telephone Co. (Abilene, Kansas)—
:;7.,".;r.v A ;;
Quarterly
r-—'r-;'"-'-$1.25
10-16
1293
due 1952—
Jan. 1,1945
1st mtge. & collat,
i
10-10
10-15
12-1
10-31
American Foreign
1292
preferred
Fuhrmann
10-
10-16
10-10
$1.50
—
(irreg.i—_
preferred
Dairies, 7%
American Fidelity
,
1st mtge, 6s,
(quar.)
Manufacturing
Co.
American Central
.
preferred
$6
Petroleum
(quar.)_——
—
Aggregates, 5 Yo preferred (quar.)_
American Can
531
1
1
Inc., 1st rntge. bonds, due 1945-Oct
..Chesapeake, & Ohio Ry.—
>
,<"•
Ref. & improv. mtge. 377 bonds, ser. D, due 1996_Nov
1
Cincinnati Street Ry. Co.— '
, !,•.
■ •'/! !'/
/'
1st .mortgage 6s, series B, due 1955—
—,
Oct 1
Duluth, Missabe & Iron Range Ry.—
?;/•:
1st mortgage 3Vis, due 1962—
:—
Oct
1
Service,
..When
$1.50
(quar.)
(Syracuse, N. Y.) (quar.)—
'
,-.i.7'■ Quarterly i!...''...—v..—.w.-l.-w-
Holders
60c
25c
-U_——^YOc
Mills
Water
7American
bonds due 1952 (Louisville
________.i_!-Noy
Burnett Central Bldg.,
Eastern Car Co., Ltd.,
.
Alabama
$6 pfd.
(quar.)_.____:
Farmers & Traders
of Rec.
25c
.Alabama
.
977
'
l.li '
(quar.) ..ill
Felln
Payable
,
-YPer
'Extra
977
1289
1
1
15
American I. G. Chemical Corp,, 5%% debs.,- due 1949—Nov
American Tobacco Co. 20-yr. 37 debentures, due 1962—Oct
r(qviai%y
preferred
Falstaff
:ir
.:
' When
Share
,
Investors, $2 non-cum. conv. pref. (irreg.)
Air Reduction- (quar.)————
—
',v;;
,
'
American
a
!
•
,
Air
Algoma Central Terminals, Ltd.—
-I*'''/I;':;
Debenture stock and bonds, due 1959--————Nov 30
/
Name of Company
;■
!
A.Date
partial redemption
Company and Issue—
$6
Industrial and Miscellaneous Companies
985
A
Elgin Sweeper, $2 partic. preferred (accum.)
Empire District Electric (initial)-l.—
Engineers Public Service, $5 pfd. (quar.) .1
$5.50 preferred
(quar.)—....
■
1185
Payable
Per
15c
'■■S-1':}
The dividends announced this week are:
Pag©
jHtoe (R.) & Co., 67^ prior pfd. and 77 pfd. stocks—Oct 16
Interstate Debenture Corp., 20-yr. debentures, due 1955-Oct
1
$5
announced, but
which have not yet been paid,
further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
:h;h
Share
7'
,
■■ .1 •;1
commo;n__...___.
Eastern' Magnesia. Talc
Electric Bond'& Share,
show the dividends previously
we
declared.
'
'•}' "i 7c preferred'
we
which
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
6",*i
■::
50c
are grouped in two separate tables.
In the
bring together all the dividends announced the
current week.
Then we follow with a second table in
first
7'1
! Eafly;Daniel Co.,
Dividends
'■;:h
^
'
C&itipany
Name 6f
.7
,
DIVIDENDS
•
9-23
,
,
■
THE COMMERCIAL & FINANCIAL CHRONICLE
1438
Monday, October 2, 1944
•
•
Name
of Company
Payable
Share
■■
National Malleable
National Money
National Shirt
Castings
Steel
&
$1.20 preferred
Corp.,
Shops,
prior pfd. \quar.)_
$6
Common
National Tea
preferred
5%%
Co.,
New
Steam
Cotton
4%%
Inc.,
Brothers,
—
—
New
New
—
—
Name
preferred
New York
(quar.)_
Telephone
Newark & Bloomfield
RR.
■
(s-a)„--iu^
—
(N. Y.) (quar.)
preferred (quar.)
North Penn Gas Co., $7 prior pfd. (quar.)_i
North River Insurance Co. (quar.)
Northern RR. of New Hampshire
(quar.)__
Niagara
&
Insurance Co.
Fire
Norfolk
Western Ry., adj.
Northern States
(Del.)
Power
$1.50
$1.50
$1
$1
$1.75
25c
$1.50
Addressograph-Multigraph
preferred
(accum.)
$1.11%
7%
preferred
(accum.)
$1.31 %
$1.25
Bell
Northwestern
Telephone!.
Northwestern Title
Quarterly
Insur.
7%
$2
Farm
class
Interim
75c
10-10
10- 3
1-9-45
12-9
10-16
10- 2
10-14
$1.10
$2.50
$3.50
11-15
11- 1
11- 1
10-16
11- 1
10-10
11- 1
10c
10- 2
;,
Oil &
t75c
t$1.50
$1.25,
___—
;.
—
4.4 % pfd. (quar.)—__
Philadelphia & Trenton RR. (quar.)_
Philip-Jones Corp., 7% preferred (accum.)—
Mills
Fashion
12V2C
10c
(initial)
__—
—
Pittsburgh Screw & Bolt Corp.___——_—
Portland Gas Light, $5 preferred..
Prentice (G. E.) Manufacturing, common...
Extra
'.
Piper Aircraft
(monthly)
(monthly)
(monthly)
preferred
6%
preferred
Pump
Reed
(C.
—
—
_______
—,—
6%
preferred (quar.)
Electric
Island
Rhode
_______
(irreg.)—
,—
—_
St.
Croix
Johns
preferred
5Vz%
(quar.)
preferred
\T' '
9-23
10-16
10-16
9-30
9-30
20c
25c
(quar.)_
common
(quar.)'
Corp
1
Schulte (D. A.),- conv, preferred (accum.)__
Security Investment Trust (Denver, Colo.—
$6 1st preferred (accum.)
—.
Security Storage
Shaffer
Acid
Southern
7%
&
Sulphur,
(quar.)
preferred
6%
.$1
11-25
10- 2
10- 5
9-30
9-30
10-25
9-25
—
25c
9-30
9-20
California
25c
10- 2
$1.75
10- 2
(irreg.)
45c
(quar.)—.
37%c
37Vs>c
9-27
10-14
,_—._—
pfd.
Gas,
(quar.)
preferred
10- 2
$1.25
$22c
(irreg.).
common
Southern Berkshire Power & Electric
Southern
9-20
10-10
10- 6
—
(quar.);
(quar.)—
_____—^
Products
Sonoco
10- 1
$1
$1
Power
&
Manufacturing
A
10-10
11- 1
$2
$7 preferred (accum.).
preferred (quar.)
5%
Stores,
Shawinigan Water
Smyth
_—_
10-14
;•
9-23
9-23
9-21
9-30
9-30
(quar.)
preferred
Engineering Co.
Southwestern
(quar.)
6c
8-31
5c
10-14
9-22
9-30
Superheater
$1
11- 1
10-16
12%c
25c
50c
$1
10-14
10-16
10-20
10- 2
9-30
10- 5
10- 3
9-15
(quar.)
10c
preferred (quar.)
$3.60 pfd. (quar.)
30c
90c
'9-30
10-15
11-15
9-25
10- 2
10-31
9-29
9-26
37%c
25c
(accum.)
Industries
_________
(quar.)
—
(quar.)—i
(quar.)
(quar.)_
Company
Super Mold Corp. of California
Taunton
Light
Gas
Malleable
Haute
6%
Texas Water,
Thatcher
&
Mfg.
non-cum.
Manufacturing,
Carbon
Thermatomic
(quar.)
United Loan Industrial Bank (Brooklyn)—
$1.18%
$1
9-30
11-10
11-1
10- 2
9-19
10-10
10-16
9-20
$2 partic. pr. pfd. (quar.)
50c
9-30
9-22
25c
9-30
9-22
Union Manufacturing
Union Oil
U. S. Cold Storage,
.
U. S. Industrial Chemicals
Extra
;
!
Van
Products
I
(quar.)
(J.
B.), 6%
Massachusetts
RR.
(s-a)
Lovett
1st
Worcester
6%
5%
&
preferred
$2.75
$3
of
.
(quar.)_
(irreg.}—_
10- 2
10- 5
10-15
9-30
$1.75
—
pfd.
50c
9-21
9-15
9-20
9-30
(quar.)
$1.12%
0
$$1.75
(accum.)
Electric
(quar.)
(quar.)
preferred (initial quar.)
common
preferred
—
11- 1
10-14
80c
9-27
9-20
$20c
$37%c
$31%c
11- 1
11-1
11- 1
10-15
10-15
10-14
Class
Booth
4
Boston
Herald-Traveler
Insurance
Boston
Personal
10-14
$1.25
9-20
10-2
9-15
Bralorne Mines,
20c
10-
2
9-
7*
10-
2
9-
7*
25c
9-28
2
9-28
10-
2
9-14*
10- 3
9-21*
2
9-21*
Brillo
15C
10-
2
9-23
$2
68%C
10- 2
9-
*
10-11
15c
10-
2
9-
10-
2
9-
9
10c
10-
2
9-20
6%
$1.25
Co.,
preferred
American Fork & Hoe Co., 4% %
American
4%%
American
Hair
1st
5
American
Products Corp.
Insurance
Co.
—
2
9-20
Brunswlck-Balke-Collender
preferred
conv.
2
9-20
2
9-
2
2
9-
2
10-
2
9-14*
preference
of
'
1
Building
9-
1
Bulova
10-
2
9-22
10-
2
9-22
10-
2
9-15*
$1.75
10-
2
9-15*
50c
10-
2
10-
2
9-19
10-16
10-14
$1,12%
10-14
2
9-20
10-
2
9-14
10-
2
9-14
30c
10-
2
9-15
25c
10-
1
9-
9
American
$1.75
10-
2
9-
American
$2.25
10-16
$1.50
10-
9-
:
Sugar Refining, 7% pfd. (quar.)_
Telephone & Telegraph (quar.)
American Tobacco Co., 6% preferred (quar.)
2
5%%
$6
6%
Wringer
preferred
$5
Anchor
$1.50
Co.
Smelting Co.—
Glass
Co.,
preferred
Aro Equipment Corp..
Arrow-Hart &
Art
Metal
Arundel
Autocar
One
Co.
share
Oil
Automobile
BancOhio
of preferred
of
Co.,
8%
Canada Bread Co.,
5%
class B
Canada Life
9-20
2
9-25
$1.75
10-
2
9-15
10-
2
9-15
10-
2
9-11
10-10
9-30
10-
2
9-20
9-21
10-
2
10-
2
9-18
$1
11-
1
10-5
10-
2
9-25
10-
1
(quar.)
(Hartford,
20c
2
9-15
10-
2
9-25
25c
Scotia
(N.
9- 9
10- 2
11-15
11-15
9-15*
10-31
10-31
—
-—
$50c
10- 2
10- 2
9-1
9-15
9-1
$85c
10- 2
8-15
$20c
$25c
i$c
$15c
10-2
10- 2
10- 2
10- 2
10- 2
9-15
9-15
9-15
T 9-15
y
9-15
10-10
10-31
10- 2
10- 2
9-21
9-25
9-1
9-1
(quar.)__
Mortgage
Lines
$3.40
10-
2
8-26
,
9-20
Canada Permanent
Canadian
$1.31
37V2C
62Vic
$15c
$$1.75
$$1
t$2
(quar.)
Ltd.—
preferred (quar.)
•.
j 9-20
9-30
10-16
10- 2
9-20
Breweries,
conv.
Canadian Canners, Ltd.—
quarterly)
1st preference (quar.)_
(increased
Common
5%
Participating
60c non-cum.
conv.
(quar.)
preferred
$8c
Participating
Foundry Co. Ltd.—
7%
$52c
Preferred
$75c
$30c
$30c
participating preference (quar.)—»—
Canadian Converters Co.
(quar.)
—Canadian Cottons, Ltd., com. (initial quar.)
auarterly)
(initial
Ltd.—
Canadian Fairbanks-Morse Co.
6%
(quar.)
preferred
Canadian
$$1.50
—
(quar.)
Foreign Investment Corp., Ltd
General Electric, Ltd. (quar.)
Canadian
Food
Products. Ltd.
General
Class
Industries, class A (quar.)—
B
10-16
9-30
$62V2c
$50c
$$2
10- 2
10- 1
10- 2
"8-21
9-1
9-15
$15c
$$1.25
$$1.25
$$1.75
t"!2
10-36
10-31
10-31
10-14
10- 2
10- 1
9-30
9-29
9-29
9-15
9-20
9-15
Investment, Ltd.—
Registered shares (quar.)
(quar.)
10-10
9-30
10-
2
9-23
10-
2
9-23
(quar.)„
37 %c
10-
2
9-25
8% preferred (quar.)—
Westinghouse Co. Ltd. (quar.)
Canadian Wirebound Boxes, class A (accum.)
50c
10-
2
9-25
Capital Administration Co. Ltd.—
20c
10-
2
9-23
$1.25
10-
2
9-
7
10-20
10-
2
Stores
15c
7%
(quar.)
preferred
:
—
Canadian Oil. Ltd.,
Canadian
$3 preferred class A" (quar.)
Capital Transit Co.
—.——_———
Carnation Co.. 4% 1st preferred (quar.).
Carolina Power & Light, $6 preferred (quar.)
$1.75
10-
2
9-11
$1.50
10-
2
9-11
quar.j—
25c
10-
2
9-21*
Carolina Telephone & Telegraph
(quar.)_________
$3.50
10-
2
9-22
Carriers
(increased
8%C
(initial)
Y.)
9-21
9-21
10-16
Ltd., com. (quar.)—
Power
50c
(quar.)—
Bank of Yorktown
10- 2
10- 2
$5c
5 9-22
9-22
50c
(quar.)
Y.)
$1.50
10- 2
10-25
12 %c
—
(N.
10- 2
10- 2
10- 2
10- 2
75c
$$5
(quar.)
Canada Packers Ltd.
Canadian
Conn.) —
_i.
Bank of New York
$1.25
$15c19c
9-14
9-18
11-15
11-15
9-11
9-20
9-15
9-15
(Toronto) (quar.)—
common———
(quar.)
Corp.
50c
40c
10- 2
——
Co.,
,$15c
10- 2
10- 2
—ii-uiiu—
Sons
9-15
9-15
37V2C
:_i—i_
&
9-20
10- 2
10- 2
10-14
10- 2
10-1
12- 1
12- 1
$$1.50
$62V!zC
1st preference (quar.)
6%
Assurance
preferred
Canadian
for each
held
preferred
10- 2
15c
$1.75
$97.70
Co.—
.—_____
(quar.)_
Canada Northern
Canadian
'X
Welt
Nova
2
10-
17 Vic
($20 par)
common
Insurance
preferred
of
10-
50c
6% preferred (quar.)
Bank of Manhattan Co.
Bank
9-20
25c
preferred (quar.)_
Bangor & Aroostook RR., 5% pfd. (accum.)
Bangor Hydro-Electric Co., common
7%
2
15C
(quar.)
Badger Paint & Hardware
Extra
10-
50c
Plan, 7% pfd. (quar.)
(stock dividend) —
shares
Autoline
6
25c
$1.50
(accum.)
Construction
Corporation
Thrift
10-13
10-
$1.50
Hegeman Electric
Atlantic Refining Co., 4%
Atlas
1
15c
(quar.)
9-21
9-21
2-14
——
(quar.)
preferred
Canadian Car &
prior
conv.
11-
10-14
(111.)—
Co.
Packing Corp., common
Canada Steamship
$1.75
common
Arkansas Power & Light Co., $7 pfd.
$6 preferred, (quar.)
$6
9-15
15c
prior preferred (quar.)
6% preferred (quar.)
&
9-22
2
:
common
Arkansas Fuel Qil,
Armour
2
10-
$1.25
Corp.
Apex Electrical Manufacturing
7%
*
(accum.)
Hocking
10-
15c
Inc
Zinc Lead &
-
7%
(quar.)
preferred
American
$1.50
10- 2
$1.25 • 10- 2
$1 2-28-45
31V4C
31 %c
(quar.)
(quar.)__
prior preferred
conv.
preferred (quar.)
California Water & Telephone
9 pa;
American Water Works & Electric—
American
9-12
9-30
9-15
9-15
T>
Co.—
preferred (initial quarterly)
non-cum. preferred B (quar.)
b%
9-15.
Co.
preferred (quar.)—
6%
10-31
10- 2
10- 2
-
California Electric Power—
5*
American Stores
(P. H.)
conv.
California
—
Quarterly
—
Calgary & Edmonton Corp, Ltd. (interim)—
9-20
2
$1.50
(quar.)
(Indianapolis)
1010-
60c
common
Insurance
10-16
20c
5%
9-29
30c
;
Terminal Co.,
TO- 2
75c
$4c
15c
$1.25
9-15
15c
;
—
common
(quar.)
preferred
Butler
5%
$1.50
—!
preferred
Bush
(Chicago)—
Quarterly
i
American Rolling Mill Co., 4V2% pfd. (quar.)
American Seal-Kap Corp. of Delaware
American States
Mills,
(quar.)—-
Burlington Steel Co. Ltd. (quar.)
——
Burry Biscuit, prior preferred (quar.)
Bush Terminal Bldgs., 7% pfd. (accum.)—
9-19
$1.25
5%
—
7% preferred.
(quar.)——
Co.
9-16
10-17
9-22
10- 1
9-30
$1.25
common
Products
Watch
10- 2
11- 1
10- 2
10-15
10-16
$$1.50
$$1.50
25c
'50c
15c
Co.—
(quar.)
G.) Mfg. Co.,
(Edward
9-
2
.
Corp.—
preferred
2
25c
preferred (quar.)
Co.,
7%
10-
50c
American Nat'l Bank & Trust Co.
American Snuff
Bucyrus-Erie Co.,
TO-
62 %C
—
common.
preferred (quar.)
American Manufacturing, common
Co.
(quar.)
(quar.).:
preferred
Burlington
7 %
American Screw
$5
Illinois—
(quar.)—
(quar.)
Co.,
American Locomotive
preferred
preferred
Budd
5c
Co.
—____
10-
25c
!
American Investment
——
(quar.)
Corp
9-20
20C
(monthly)
(Newark, N. J.)—
Semi-annual
Extra
preferred
2
10-
9-15
11-13
9-15
9-15
9-5
'
10-
10-
2
1
2
2
2
r
(accum.)
———
>'$5 prior preferred (quar.)
Iiu—
Brown Fence & Wire, $2 pfd. A (irregular).
10-
1012101010-
^9-30
9-26
25c
t$1.50
i$l
25c
50c
J25c
10-14
9-
$1.50
(quar.)
9-20 ?
9-23
$40c
$1.50
(quar.)
10-15
10- 2
Ltd.—
12 Vic
common
9-21
9-21
132V2C
25c
9-1
County Trust
b%
9-9
10-14
10-14
9-20
2
$6
9-15
9-J2
9-9
9-21
9-20
9-30
9-20
9-20
9-26
10- 6
lO-lO^f
6
-
9-15
10- 2
10-
25c
10- 2
75c
40c
$1.25
9-&0
10T4
10-14
9-15
2%%
$1.18%
;
;
(quar.)____.
Hardware
American Home
6%
9-22
I2V2C
31 %c
$1
10- 2
10- 2
10-31
10-31
10- 2
10- 2
10- 2
10- 2
10- 2
10- 2
10-10
10- 2
10- 2
10- 2
$1
62%c
$1.12'/2
$$1.50
(E. G.) Iron Co
Brooklyn Borough Gas Co.—
6% participating preferred (quar.)_—_—
Broulajn Porcupine Mines (irregular)-.
Brown Durrell Co., common (quar.)__„
9-20
10-
11-20
9-27
-
Brown-Forman Distillers
!
Extra
$2
2
25c
preferred
American
5%
2
10-
9-11
12- 1
10- 2
—.—
(s-a)
(quar.)
Brooke
9-15
11-25
Co.—
(quar.)_.
Felt
&
10-
10-14
$1.12 %
pfd. (quar.)
—
Electric
preferred
2nd
$6
&
Gas
preferred
1
$1.50
(quar.)___
Fruit Growers
American
12-
$1.50
(quar.)
6%
10-16
$1.75
—
Broad Street Investing
Bronx
District Telegraph (N. J.)—
preferred (quar.)_
Envelope, 7% preferred (quar.)
American
American Felt
(quar.)
(quar.)—
2nd
10-10
20c
$1.75
V
Ltd.—-
British Columbia Telephone Co.—
:>:T6% 1st preferred (quar.)—
9
12 '/a C
(quar.)__
9-30
9-14
9-14
Electric Power—
Columbia
preferred
-Class A
9
American Express Co.
—
Ltd.
Co.
British Columbia Power Corp.
1
2
American
5%
Oil
preferred (bearer)
British
9-18
share of class B
Georgia
T
preferred (quar.)___
6%
(quar.)_____
(quar.)_
Traction Light & Power (interim)
Manufacturing Co. Inc., common——
5%
B
dividend series
11-
of
Cordage, $1.30 preferred
British-American
series of
10- 2
.10- 2
120c
1
(quar.)
British-American Tobacco Co.,
(quar.)
$1.75
$1.50
UOc
Ltd.
;
,
10-
American Discount Co.
(quar.)
Brazilian
10-
15c
5% preference
(quar.)___
Brandtjen & Kluge Inc. (quar.)—
Brazilian Traction Light & Power—
6',2% preferred
(quar.)___,
2
10-
$2.50
(quar.)
(quar.)—;—
Extra—
10-
9-27
9-30
10- 9
$4
16c
(quar.)
(E. J.) & Sons
Brantford
10- 2
10-14
40c
Corp
(quar.)
Yards
Brach
75C
B
Stock
9-20
9-30
$1.75
—
—
32
Co.
Property Trust
preferred
Bourbon
10-14
10-15
50c
class
:
(quar.)
Boston
4
25c
(optional
_
(quar.)
9-16
20c
common...
of
$3
9-15
10-
75c
share
preferred (quar.)_
preferred (accum.)
conv.
E.), Inc.,
Corp.
Boston Elevator Ry.
—
,
L
Borg-Warner
9-15
9-20
25c
il5c
.
$1.12%
75c
(quar.)
(quar.)
B
(F.
9-20
-> 9- 8
10- 2
10- 2
37%c
preferred
Class A
Co.,
(quar.i
Bond Stores, 4%%
9-15*
:
Extra
9-27
10- 2
10-15
4Va%
Merrill,
Aluminum & Brass Corp
Ami
10- 1
75c
15c
(quar.)_
Botany Worsted Mills, class A
/
(optional dividend
(accum.),
Backstay
55c
$1.50
Bon
$1.75
cash
or
10- 7
10-10
2
V
Cyanamid Co., class A (quar.)
stock
American
Class
2
10-
$1.06%
(quar.)
com.
cash
1928)
10-
10-
2
5c
Y.)
10-
75c
(N.
10- 2
75c
(quar.)
preferred
^
9-20
9-20
25c
■
(Sidney), Inc., common (initial)
preferred
Bohn
9-11
1
(quar.)
& Foundry Co., com. (irreg.)_
class A
conv.
9-15
2
common
(accum.),
or
2
10-
Cities Power & Light Corp.—
1936)
10-
7%
Bobbs
9-11
9-29
11-
pfd. (accum.)
•
9-11
1
10-20
20c
:
Note,
class A
stock
1
10-
Blumenthal
9-15
10-
50c
(quar.)______
(quar.)
Blaw-Knox Co.
12-20
1
$1.50
Co.
9-23
$1.75
.
(quar.)
Foundry & Machine-.
Birmingham Electric, $7 preferred (quar.)__
$6 preferred (quar.)
1
10-
$$1.25
American Casualty Co. (Reading. Pa.)
American
12-
1-2-45
$3
preferred
10-20
James)—
Suburban
Ltd.,
Car
7%
11- 1
11- 1
8
9-20
$1.75
.__
11- 1
.
9-
2
Maryland
Ltd.
Hats
5c
Co., 7%
Quarterly
Avery' (B. F.)
$1.12%
class B
(quar.)__
•
Insurance
Bemberg Corp.,
Can
37%c
■
(quar.)
Grocery,
(Alexander
Zellers,
9-25
2
10-
(quar.)_
preferred
$4.25
B
$$1.25
5% preferred (quarj.
Wisconsin Gas & Electric, 4%%
1%
10- 2
20c
Weymouth Light & Power
Villa Grocers, 6% preferred
preferred
Class
10
White
Wood
10-14
10-25
10-25
Corp.— "
Products—
Chlorine
preferred
&
11- 1
11-10
11-10
10-16
10-16
Department
Westvaco
7 %
9-28
—
Weston (George), Ltd.,
Winn
.10- 7
37V2C
$1.25
$1,12%
Stores—
convertible preferred (quar.)
$4.50
10-16
$3
(quar.)___
Gas
Western Commonwealth
6%
10-20
10- 5
10- 2
10- 2
(s-a)
Light, common
$5 preferred
(quar.)
$4.50 preferred
(quar.)
Western
10-30
10c 1-30-45 1-20-45
Washington
Class A
9-29
25c
$1.25
27c
(resumed)
preferred A (quar.)
preferred B—
&
10-14
T
10c
of America
Corp.
Sciver
5%
Vermont
10-16
10-16
17J/2C
(quar.)
Quarterly
Vanadium
11- 1
11- 1
Corp.—
preferred
conv.
Radio
Utah
25c
25c
(quar.)_
.
United Stockyards
70c
—
(quar.)
$4.75
Co.,
Common
(quar.)_
California
of
Co.
United Drug
American
American
Extra
$4
preferred
2nd
Glow
Terre
9-15
10- 2
Electric Securities—
Suburban
$4
10-16
50c
—
Inc., $5 prior preferred—.—
Standard Tube, class B (irreg.)
Stahl-Meyer,
Sun
11- 1
$1.20
,
10-
$1.25
pfd.
conv.
:
$1T5
pfd. (quar.)
7%
prior pfd.
Birdsboro Steel
$3
preferred (quar.)___
5%
Southern Indiana Gas & Electric—
4.8%
6 %
6%
_______
Security Title Bldg.,
10-20
11-10
50c
$5
Distillers
Schenley
<
$$1.37V2 ..'TO- 2
—
Diego Gas & Electric,
5%
10- 2
10-16
10-16
10-14
$1.75
- $1
8
25c
Bank
American
10-16
10-16
10-16
9-22
9-22
10-25
10-11
9-29
10-21
11-1
11- 1
10-16
10-16
9-22
10- 5
10- 5
10- 4
9-
common
Asphalt Roof Corp.,
American
10- 2
11- 1
11-1
11-1
10- 2
10- 2
11-25
11- 9
10-10
11- 1
11-15
11-15
11- 1
11- 1
2
(s-a)
American Bakeries Co.
10- 3
$1.50
15c
Co. (quar.)
Protective
Co., common.—
(quar.)
—___
Paper Co. (quar.).
Dry Dock & Shipbuiiding-r
preferred
St.
San
—
,
Royal Typewriter
7%
10-15
10-
pfd. (quar.)__
6%
7%
of
Biltmore
•
American
Inc.
8
i
Extra
10-10 y
10- 2
11- 3
5c
50c
3c
68%c
31 %c
37V4C
Co._
A.), $2 preferred A
Petroleum Co., common
preferred A (quar.)——.
Manufacturing, 5% pfd. (quar.)
5Vz%
Rheem
Quarterly
10- 2
10-2
10-15
41%c
50c
58V3C
25c
$2
i25c
25c
—
—_,
Republic
American Alliance
Bickford's
9-
,
Corp.,
Inc.,
1
8% conv. preferred (accum.)
Amalgamated Sugar Co. (quar.)
'
——
7% preferred
Pyle National Co., common—
8% preferred (quar.)___—'
Quebec Power Co. (quar.)_i_—
Reading Co.
(quar.)_'
Reda
>,
Mfg.,
Amalgamated Leather 6%
9-15
10-13
(quar.)_
Steel
Foods,
$1.50
.
of America,
T 50c
75c
(quar.)
preferred
B/G
2
25c
of Canada, 5%
Lines,
2
9-15
11-
common
Co.
American Air
preferred
6%
8-31
10-
43 %C
(quar.)
Goods
6%
J$1
i$2
(quar.)__.___
Stockyards, common (quar.)
&
TO-
(quar.)
common
Co.
Aluminum
10-20
50c
(interim)
of Colorado—
Public Service Co.
preferred
10- 2
15c
Aluminum
9-30
10-10
9-30
t5c
—
Ltd.
Proprietary Mines,
10-25
10-21
10-16
$1.25
50c
_
5%
,
Gas,
Philadelphia Electric,
Full
Corp.
(quar.)
Corp.,
Railroad
$1.75
Aluminum
_____
Power,- $5 preferred (quar.)_„
Ltd. (interim)—
—.
t2c
Pennsylvania
A
(quar.)
Telephone Co. of Canada
$1.50
:
Inc
Stores
5%
Ltd.—
(quar.)
Ltd., common
6% preferred (quar.)
Products
Class
Bell
Belt
9-14
$1.25
(quar.)
Allegheny
Allegheny & Western Ry., Co., gtd.
Allied
$$1.75
.
Common
8-26
9-30
9-30
75c
Vicksburg Ry. (s-a)
Markets, 6% preferred (quar.)
Ludlum Steel, 1% preferred
Allied
(quar.)
pfd.
7%
2
Bethlehem
&
Laboratories,
Ltd.;
9-15
9-22
9-22
9-15
9-15
10- 2
9-15
9-15
9-22
9-11
9-11
9-15
9-15 ;•
.9-11
9-5
8-31
8-31
50c
$1
■
(quar.)
2
10-14
i$1.75
Super
Allied
Packing
10- 2
10- 1
10- 1
10- 2
10- 2
10-10
10- 2
10- 2
10- 2
10- 1
10- 1
10- 2
10- 2
10- 2
10- 2
10- 2
10- 2
10-16
10- 2
10- 2
125c
—
(quar.)_
Holders
Bessemer Limestone & Cement—
(quar.)
Alabama
.10-21
9-21
10-20
9-30
9-23
——;
Pennman's
Pilot
10- 2
10-27
10-15
10- 2
preferred
(quar.)
I;
RR.
10-
8c
.
Co., $5 preferred
class A
(quar.)
Creek
Belding-Corticelli
8-26
3c
(quar.)
Albers
Inc.—
—
—
Paymaster Consolidated Mines,
Power
Class B
Beech
10-
30c
—
preferred
common
10-14
40c
(quar.)
2
Optical Co.,
Beatty Brothers,
9-15
(Watertown, N. Y.)—
$7
9-20
11- 1
tic
shares
American
._
__
preferred—___
Enterprises Consol,,
&
Mines
10- 2
50c
$1.25
$1
50c
31 %c
.
5%
Parker-Young,
Patino
Bottling
Alabama
10-
$1
'
Quarterly
2
9-21
*
Lomb
&
convertible preferred
Beech-Nut
(quar.)——
Agricultural Insurance
9-21
9-21
40c
(quar.)
A
$5 preferred
Pie,
Coca-Cola
Panama
10- 2
10- 2
10- 2
10-
(quar.)
Works Corp
(quar.)—
Associates. 7Vo preferred (quar.)—_
Beatrice Creamery Co., common (quar.)—
$4.25 preferred (quar.)___
—
Agnew Surpass. Shoe Stores, Ltd.—
7% preferred (quar.)
:
9-30
$2
$1.75
(quar.)—_
Portland. Cement, 6% % pfd. (accum.)
Pacific
9-30
__
Filters,
United
Orchard
9-29
Co.
Inc.
$6
.—!—.——
1st preferred (quar.)_
Oilgear Company
Petrol
_
y
37%c
(Hartford, Conn.)
Insurance
Fund,
10-10
Bausch
5%
9-23
1
10-16
1L
Extra
Wash.)
8%
preferred (quar.)
2nd
Oliver
-
(Spokane,
________
Ohio Leather Co.,
Affiliated
9-30
9-30
9-27
10-20
10-20
Life
Co.
Insurance
Aetna
10-
25C
—_
—
Aetna
9-25
10-21
10- 2
11-22
10-11
—
6%
of Rec.
When
40c
$1.37%
$1
25c
$1.25
43%c
35c
$1.06%
J50c
(quar.)
common
preferred
Iron
Beacon
Holders
When
$1
Corp..
Supply Mfg., Class A (quar.)
Aetna Casualty & Surety (Hartford, Conn.)
Quarterly
•
of Rec.
Payable
10c
Aero
9-22
12- 9
10-31
Companies
Share
Per
Abbott
9-28
9-30
10- 2
9-30
10- 2
10- 2
11-10
10-16
$1.50
(quar.)—_—
Miscellaneous
and
of Company
Properties Inc., 4% pfd. class A (s-a)
Laboratories, 4% preferred (quar.)_.
A P W
New York & Richmond Gas—
6%: prior
$5.50
Industrial
(resumed)—
Corp., common
preferred (quar.)_
Bastian-Blessing,
Bath
10- 9
10-14
9-30
9-30
9-25
9-22
10-16
10-15
10- 2
10- 2
—
New
Payable
'
25c
25c
68%c
Bros.
5%%
preceding table.
10-16
11- 1
10-18
11- 1
13%c
(quar.)__
;
——1—
$1
pfd. (quar,)
$1.18%
Bedford Gas & Edison Light (quar.)
$1
Brunswick Telephone (quar.)
12c
England Fire Insurance (quar.)
12c
England Power, 6% preferred (quar.)
T $1.50
Naumkeag
Neisner
Asphalt Corp.
Barker
paid.
The list does not include divi¬
week, these being given in the
this
announced
dends
Barber
9-26
10-1
50c
(
give the dividends announced in previous
we
weeks and not yet
>' 10-10, „,1Q- 2
10- 1
9-26,
25c
v $1.50
—•
Share
Per
Below
10-14
10-,,7
11-1
10-21,
10c
15c
~~Ttfational Chemical & Manufacturing
"'■"Name of Company
•
of Rec.
Holders
When
Per
(quar.)______
Bankers Commercial Corp., 6%
Bankers Trust Co. (New York)
pfd. (quar.)_
(quar.)
11-
1
10-16
50c
10-
2
9-21
$1.50
10-
2
9-25
10-
2
9-11
35c
$7
preferred
(quar.)__
—
(quar.)——
(quar.)
———
Carthage Mills, common (irregular)
—
6% preferred A (quar.)—:.—
——
6%
Case
&
General
preferred
(J. I.)
Co.,
B
Corp.
(quar.)——
7%
preferred
^——
(quar.)——
$50c
$37%c
75c
50c
$1
$1.50
$1.75
$2
5c
50c
$1.50
6°c
$1.75
:
10-2
t
.
•
9-11
10- 2
10-2
10- 1
10- 2
10- 2
10- 2
10- 2
10- 2
10- 2
10- 2
10- 1
9-22
9-15
9-21
9-18
9-18
9-22
9-20
9-15
9-15
9-15
9-12
-
1439
Volume 160 v Number 4321
Corp. of America—
preferred (quar.)
preferred (quar.)
Brewing Corp. (irregular)
1st
$4.75
$1.18%
._
2nd
Canada Loan
Central
9-14
-9-14
9-15
9-30
10- 2
10- 2
10- 2
10-16
$1.75
Centlivre
5c
Central Aguirre Associates (quar.)____,—37y2c
7%
—_
: :$$2
.
Store
$1.50 preferred
Products,
;
i
(quar.)-
Chemical Fund, Inc.__
Chesapeake-Camp Corp., 57c. pfd. (quar.).___
Chesapeake & Ohio Ry. (quar.)___——
Chicago & Eastern Illinois, class A
(irreg.)
_
Order
...
Chicago Electric Mfg., class A (accum.)____
Chicago Pneumatic Tool Co., common.-.—
$2.50 conv. prior preferred (quar.)
$3 conv. preferred (quar.)_.
Chicago Mail
-
_______
Shore
Quarterly
A $1.50
t
a——25c
preferred (quar.)_
$1.75
1%
Citizens Water Co.
(Washington, Pa.)
preferred
(quar.)
Citizens Wholesale Supply, 67"
pfd.
(quar.)_
preferred A (initial quarterly)-.—___
(N. Y.) (quar.)____
Illuminating Co.,
Cluett
Peabody &
Coca-Cola Bottling
Extra
(Daniel)
Collateral
Colonial
Ice
Columbia. Baking
$1
part,
Co.,
25c
(quar.)
(quar.)
______
—
(quar.);
—_u~__
Participating
Columbus & Southern Ohio Electric—
_____
6 7c
preferred (quar.)
6Vie(■»
8rc
.
Alcohols
preferred
Commercial
.___—_
____
Ltd.,
common
Quarterly
(quar.)
Investment
preferred
Commonwealth Water
5'/2%
Light
preferred (quar.)
$7 preferred
Concord Gas,
pfd. (quar.)
Confederation
Life
Assurance
,
$3 preferred
Invest.
Connecticut
Light
Life Insurance
Consolidated
of
Canada
-77o
,
$5
preferred
of
New
?j$2
>
(quar.)
York
(Bait.),
10-2
10- 2
10-16
10- 2
10c
55c
4 Ms 7o
-
4%
preferred B
preferred
C
Consolidated
Consolidated Press,
87c
preferred
preferred
10- 2
10- 1
9-29
7
$1.75
Coal
Consumers Gas
1
$5 preferr®-'
10- 2
9-22
$15c
10- 2
9-15
,
(quar.)
17"
(quar.)
conv,
Continent,*'
Continental
77o
10-20
10- 5
10- 2
10- 2
10-1
9-15
9-15
10- 2
10- 2
9-15
10- 2
9-8
ting
-«d
*
,
^
prefe-
1-2-45
9-15'
12-15
10- 2
9-15
12-15
10- 2
9-16
.
10-15
9-29
(accum.)
$1.50
10-
2
37 V2c
10-
2
9-22
12'/ac
(quar.)____
10-10
9-25
9-22
.
"mar.)—
$1.50
'
pref*-\'
'
Corp.,
common
common
(quar.)___i,
(quar.)
'quar.)
2
$1,50
10-
preferred (quar.)
Eastern Gas & Fuel Assn. 4Vzc/o pfd.
(quar.)
(accum.)—:
preferred
Lines,
Steamship
common.,—
Kodak
Eastman
1
67o
Co.,
preferred
(quar.)
common
(quar.)
$1.50
$1.12V2
75c
25c
50c
$25c
$1.25
$1.50
1010101010-
2
2
2
2
2
10- 2
10- 2
10- 2
77c
preferred
10- 2
Auto-Lite
(quar.)
class A
participating
75c
15c
$1.25
________
Quarterly
$2,50
(quar.)
Consolidated
5V20/o
Co.,
Electric
10- 2
67o
Gas
68%c
$1.121/2
10- 2
10- 2
preferred (quar.)
(Texas), $4.50 pfd. (quar.)
conv.
50c
10- 1
10-,.2
15c
10-16
$1
$1.25
12-15
10- 5
10- 2
10- 2
10- 2
10- 2
10- 2
10- 2
$1.37%
10- 2
$1.50
10- 2
25c
10-11
40c
$3.50
56!/4C
—
preferred (quar.)
Engineers Public Service, $5 pfd.
75c
$5.50
preferred
$6 preferred
(quar.)__™—
Inc.
^__™_
Erie Railroad
Eversharp,
Co.^—_________—
Light...:
Electric
Falstaff Brewing
67c
Corp.,
Family Finance Corp.,
preferred
(quar.)—
(quar.)
Metallurgical Corp., $5 pfd. (quar.)
$1.50 preferred A
$1.50 preferred B
Fansteel
Quarterly
10- 2
9-23
10- 1
9-16
10- 2
10- 2
10- 2
12-30
(irregular)
1
9-25
9-30
preferred
67c
Feltman
&
$7 preferred
Fenton United
77c
-
York (quar.)
common
(quar.)__:
preferred
(quar.)__
4 7c pfd. (quar.)
Co. of Pennsylvania (quar.)
•Filing Equipment Bureau,
Extra
__
10-10
10- 2
10-25
9-30
10-17
10-17
$2
$4
10-25
10-2
10- 2
10- 2
9-21
9-16
9-16
—
—75c
Quarterly
National Bank of New
First National Stores Inc.
10-16
9-30
37y2c
$20
62y2c
10-20
10- 5
9-15
9-11
9-20
York (quar.)__
(quar.)
______
$5 preferred (quar.)———
$4 non-cum. preferred (quar.)
Florsheim Shoe Co., class A (quar.)___
Class B (quar.)
—
Forbes & Wallace, Inc., $3 class A (quar.)—
9-22
Foreign Light & Power,
10-
9-201"
Foster
10-17'
9-22'="
25c
30c
107 2
9-13
10-14
10-2
$2
12-18
12-
Insulation
Kleiser
A
Foster-Wheeler
67c
10-15
$1.18%
$1
Firestone Tire & Rubber'Co.:—\
class
$1.75
25c
——
Fireman's Fund Insurance Co. .(San Fran.)
67c
10- 2
$6
(quar.)
Sons Co.,
(Wm.)
&
11- 1
Cleaning & Dyeing Co.—
Fifth Avenue Bank of New
Finance
9-22
6%
1st pfd.
(qu^r.)_
(quar.)
$1.25
$1
50c
25c
73c
$1.50
50c
10- 2
10- 2
10101010101010-
2
2
2
2
2
9-20
9-22
9-22
preferred
Corp.,
prior preferred
(quar.)_
(quar.)
(quar.)_____
common
(quar.)
2
9-20
2
9-15
—_——__
Co.
(N.
(quar.)—
Y.)
common...
(quar.)—
Foundation Co, of Canada (quar.)
37y2c
25c
37y2c
$35c
10- 1
10- 2
10- 2
10-20
9-15
9-15
9-15
9-30
2
11-15.
11-
1
11-15
10- 1
10-1
11-
1
9-
9-20
9-11
10- 2 7
10- 2
9-15
10- 2
9-20
75c
$1.25
$1.50
10- 2
10- 2
10-2
10-
9-11
9-20
9-15
9-15
9-20
10- 2
10- 1
10-25
40c
10- 2
9-11
9-12
9-20
10-
5
10-
11- 1
2
10- 1
10- 1
10- 2
#10-2
10-14
10- 2
preferred
Co., 77o
(quar.)—.____
preferred
Co.
(quar.)
50c
9-12
9-20
9-18
9-18
9-15
9-
9-25
t62c
t62y2c
75c
Inc., 17c preferred..—
Goulds Pumps Inc., 1% preferred (accum.)_
$1.75
$1.75
11- 1
10- 3
(quar,)__
—
62y2c
fl2y2c
2V2c
(quar.)________
35c
25c
10-10
10- 1
10-10
10- 2
10- 2
25c
/9-15
10- 2
10-2
10- 2
10-14
Fisheries
Co.
Ltd.
(quar.)__
Hosiery Co.,
Graham-Paige Motors, 57c pfd. A
Grand & Toy, Ltd. (interim).
Valley Brewing Co
T.) Co., common
Grant
5 7c
(W.
—
preferred (quar.)
Insurance Co. *(N.
Great American
9
9-30
—
preferred (quar.)
Gotham
•
9-15
/
87y2c
60c
20c
$1.25
$1
$1.75
$1.50
62J/2c
25c
Gorton-Pew
8*
9-15
10- 1
10- 1
10- 1
;
common
Y.)
9-15
9-22
9-21
9-30
9-*15
9-20
9-18
9-18
;
—
Quarterly
—
9-20
5c
10-14
9-20
(quar.)—
30c
10-14
9-20
partic. preference (accum.)_—
partic. preference (accum.)
Ltd., $7 pref. (quar.)
Great West Life Assurance (Winnipeg) (quar.)
J25c
t25c
J$1.75
Extra
—
_____——
Great
American Insurance
Lakes Paper
(N. Y.)
Co., Ltd.—
V
5
'9-
5
40c
10- 2
10- 2
10-16
10-2
10- 2
$1.75
10- 2
Light, common—________50c
75c
tl5c
24c
10- 2
11-1
10- 2
10- 2
3iy4c
10- 2
4 9/10c
10- 2
9-20
10-2
10- 1
9-11
Greyhound Corp., common (quar.)—_—25c
5%% preference (quar.)——
13%c
10-2
10- 2
9-19
75c
10- 2
9-14
$1.75
$1.75
$50
$1
10- 2
1-2-45
9-28
10- 2
9-25
20c
9-15
3iy4c
10- 2
10- 2
$3
10- 2
9-13
55c
10- 2
9-15
40c
10- 2
9-15
$2
class
A
$2
class
B
Great Lakes
Power Co.,
Great Western
Sugar,
preferred
77c
Greenfield Gas
67c
common
—
preferred (quar.)___
(B.) Wire Co. Ltd.
Greening
Greenwich
(quar.)_
(quar.)
Gas
Co.,
(quar.)
common—____—_—
$11/4 participating preferred (quar.)______
Participating
—~_—
preferred (accum.)
Cooperage, class A (accum.).
Brothers
Greif
(irregular)
Griggs Cooper & Co., 7% preferred (quar.)__
17o preferred (quar.)
Group No. 1 Oil Corp
V Group Corporation, 67o preferred (accum.) _
Griesedieck Western Brewing Co.
Watch
Gruen
Co.,
common
(quar.)
preferred
57c
—
(N. Y.) (quar.)___.
Guardian Investment Trust (Hartford)—
Guaranty Trust Co.
(accum.)
Investment Trust
(Hartford) preferred
Guardian Rail
Shares
Investment
Trust
preferred
$1.50
Guardian
series I
(Hartford)
preferred
—
preferred (quar.)_
(quar.)
Harbison-Walker Refractories—
67c preferred
(quar.)
Harris Manufacturing, Class A (quar.)_.___
Harrisburg Gas, 77o preferred (quar.)
Hammermill Paper, 4V27c
Hanover Fire
Hart
Hart
Insurance
(N. Y.)
(quar.)__
& Cooley
Schaffner
^—
Corp.,
67c
Helena Rubinstein,
17c
30c
$1.50
3%c
$1.75
$1
9-15
9-15
10-16
9-
9-20
9-20
Motors
10- 2
10- 2
12-23
9-
5
9-23
9-15
Corp.
8
9-
8
9-20
9-15
9-15
9-18
10-20
10- 6
9-15
10-16
10- 2
10-26
$1.25
30o
37%c
$1.25
10- 2
10- 2
10- 2
10- 2
9-29
9-19
10-
5
9-15
9-21
9-15
9-18
9-15*
10- 2
9-15
$1
10-.2
10- 2
10- 2
9-
9
9-
9
$1.75
25c
(quar.)
12%c
10-27
10- 2
10-2
10- 3
10- 3
S25c
10- 2
9-5
$1.75
37y2c
——
Hinde & Dauch Paper Co. of Canada
9-20
10-17
15c
31V4c
(irregular)
9-15
9-
10- 2
10-2
Spencer Bartlett & Co. (monthly)
Corp., 57c preferred (quar.)——
Quarterly
9-19
25c
class A (quar.)_
Oil
Common
v
9-25*
10- 1
prior preferred (quar.)—
—
Hilton Davis Chemical Co., $1.50 pfd. (quar.)
Hibbard,
2
2
2
2
3c
preferred™-—^
(George W.) Co., common
preferred (quar.)
Hickok
10- 2
1010"
1010-
50c
Quarterly
Hercules
•
9-15
;
(Hartford, Conn.)
Hatfield-Campbell Creek Coal—
59c non-cumulative preferred—
Haverhill Gas Light (quar.)__
Havertv Furniture Cos., $1.50 pfd. (quar.)Hazel-Atlas Glass Co. (quar.)™___,
Helme
20c
$1.12y2
40c
& Marx___
Hartford Fire Insurance Co.
Harvill
8Qc
25c
95c
$1.50
(quar
(quar.)
Company
Haloid
$1.50
40c
preferred
(quar.)
$6
Power,
1
9-20
Utilities
Public
Gulf Oil Corp.
Gulf
t$3.75
9-30
V/ater System, Inc.—
Greenwich
17c
(quar.)
10-
30c
56y4c
$1.75
Co.,
conv.
9-22
Co.—
10- 9
(quar.)__
57c
9-30
10- 2
$4
(accum.)
preferred
Filene's
10-15
25c
Shoe Stores—
Curme
'
(quar.)
Goodyear Tire & Rubber (Canada)
Common
(quar.)___
9-30
$1.50
(N. Y.)
& Trust
10-15
9-18
10- 1
11- 1
10-16
9-20
25c
Special
(quar.)—:
Bank
Federation
(quar.)
common.
_______—
9-18*
50c
—.—
2
10-
Class A (quar.)
$7 preferred (quar.)
Gold & Stock Telegraph Co. (quar.)
Goldblatt Bros. Inc., $2y2 preferred (quar.)
Golden State Co., Ltd. (quar.)
Federal Services Finance Corp. (Wash., D. C.)—
Common
9-16
10- 2
25c
$1.50
62y2c
Godchaux Sugars,
9-18
10c
Federal
9-20
1
10" 2
93c
;
;—
Razor
Falls Insurance
4%%
9-21
25c
Co
Federal Light & Traction
Motor Truck Co
$2.50 pfd,
Corp.,
Co., $3.50 preferred
Co.
Globe-Wernicke
9-15
10- 2
9-20
10-10
(from date
(quar.)
Safety
Glidden
9-16
10-
35c
(quar.)_:
10- 1
25c
____________
(quar.)____.
common
(quar.)
preferred
Glens
9-9
9-9
9-9
12-15
$2.50
—
Faultless Rubber Co.
$1
$1.50
67c
10c
(quar.)
Art
$5
Farmers & Traders Life Insurance (Syracuse)
10- 2
8
9-19
9-14
3c
20c
37y2c
37y2c
$1.25
(s-a)
common
25c
2
$2.50
_
10- 2
10- 3
75c
(s-a)
_____
10-4
11-10
Gas & Electric—
(A. C.)
Gillette
10- 4
10-15
25c
preferred (quar.)
European & North American Railway
River
25c
1944)____..__
Instrument
Gibson
9-29
10-15
9-22
$1.50
1.
Signal,
preferred
6 7o
11-16
10-9
30c
—
____—
57c
Fall
12- 1
.5%
(quar.)
Inc., common
dividend
Oct.
Railway
67c
$1.25
12V2c
(quar.)
Cleaner
Vacuum
to
issuance
$3 preferred
Co.—
preferred A
$5
Eureka
(quar.)—
(quar.)
$1.25
Printing Ink Coip., common.
pfd.
$2.67
Corp.,
Georgia Power, $5 preferred
9-29
(increased)
$1.25
(quar.)_
$6 preferred
9-14
common
$ 1.12V2
(quar.)___
;
General Water
9-14
Capwell Co.,
11-10
(irreg.)__
cbmmon
A
preferred
General Time
12- 1
9-29
9-21
9-21
9-21
9-20
■' 9-20
9-14
preferred (s-a)_________
4V2c/b preferred series A (quar.)
Endicott Johnson Corp., common-;
11-25
11-25
(Boston)
preferred (quar.)
General Telephone Corp.,
10- 5
28c
75c
77c
2
25c
67c
9-20
$1.75
(quar.)
—
Emporium
Trust
Great
—
(quar.)______
Phonograph
2
10-
30c
Paint
of
9-20
Empire District Electric (initial)
Empire Trust Co. (N. Y.) (quar.)____——
&
10-
10-16
$4.50
$4.50 preferred Class A (initial)
9-15
87c preferred (quar.),—
Electrical Manufacturing Co.—
pieferred
Corp..
convertible preferred
General
9-18
9-15
y
(quar.).
10-16
5c
______
General
9-25
20c
J'y;
Drug Co.,
Emerson Radio
(s-a)—
(s-a)
Foods
Grand
—
10-25
5c
General Mills, 5% preferred (quar.) ________
General Motors Corp., $5 preferred (quar.)__
—
li
35c
w
9-30
9-30
9-20
25c
10- 1
10- 2
15c
Consolidated (Seattle)
Products
Electrical
Corp
Utilities
Electric Household
6
10- 2
10-11
9-18
9-20
9-20
9-15
75c
9-
9-16
29c
10- 2
10- If.^9-15
10- 2
9-20
10- 2
9-20
10- 2
10- 2
10- 2
50c
Co.___
Electric Controller & Manufacturing Co
9-20
10- 2
75c
8-31
Elastic Stop Nut Corp., 6,% preferred (quar.)
Eider Manufacturing Co., common (quar.)__
10- 2
,vy
Fireproofing Co., 77c
4l/z7o
9-15
10- 2
$1.50
-
(quar.)
(quar.)
common
General Machinery Corp.,
9-22
+62V2C
(s-a)
•>
10-20
9-15
9-15
9-22
9-22
9-9
9-5
9-5
$17V2c
(quar.)_____
9-1
';
.
;
(quar.)
preferred class A
preferred class B
Goodall Worsted
Investment Trust Ltd.
10- 2
6c
Easy Washing Machine Corp.—
Economic
1
9-
62y2c
$2
; .1'
Inc.—-
_____
Corp,,
General Investors
9-15
9-26
Oil
1
75c
'*■
Gilbert
10- 2
10- 5
1
10-
10- 2
11- 1
10- 2
10- 2
Co.—
(quar.)
10-
$1.75
9-20
75c
:
.
(quar.)_—
1
:r.$1.25
9-
$1.12V2
$1.25
25c
9-15
10- 2
$6 pfd.
25c
Co., Inc
^
10-16
10- 2
10- 2
10- 2
$1.50
37J/2C
Formica
'
Crown-Z«Pr
$1
$1.75
75c
$1.75
9-15
pfd. (quar.)„_
9-30
10- 2
10- 2
9-20
9-2
9-15
Fisher Brothers,
'--'•national Corp.—
"
10- 2
10-16
9-22
10- 2
pfd. (quar.)____
General Industries, 57c preferred (quar.)
General Instrument Corp.
9-5
(quar.)____
(quar.)
First
Corp.—
'r
F""
10- 2
1-2-45
—
(quar.)____
-""'ps Loom Works—
Crown Cpv
8V0
4
$3
75c
—
de Nemours &
I.)
Investors Co.,
General
9-15
'
9-30
10-2
(quar.)
General
10-10
9-15
4%%
$1.75
(quar.)
9-15
\v '•
$1.75
(quar.)
"-''ing, Class B
"
2
$1.62Va
Corp.
Credit T"'
Crum &
10-
$1.62 V2
nveferred
-
Crown C"~'
9-19
6Vz% pfd. (accum.)$2.62Va
Corp.—■
'
(ouar.)—_________—__
$1.31%
",.-1ds
<*-
$6 con'/
6%
10- 2
'"'lactric
"
$5.25 p-
Class *
9-15
9-15
Corp.,
Cornell-D"'''
Crompton
10- 1
.10? 2
'7'7
'
(quar.)_________________
Cooper (Pe*;"
of
Co.—
preferred
9- 8-
$2
$1.75
(quar.)
prr
9-16
20c
(quar.)__
25c
Mng preferred
part' '
6V2 7o pre
Corroon
Y.)
(quar.)
Telephone
parti '
6V%7o
(N.
Electric Corp.—
Corp.
77c
Cream
Trust
10-16
common_^
Federal Insurance Co.
«tf$2
$1.121/2
(quar.)
prior p-eferred
9-30
7-' 7
'
$1.25
pfd.
(Toronto, Ont.)
&
9-15
25c
43%c
62y2c
Co., $4.50 preferred (quar.)
&
9-15
$$2.50
common
Continental Baking Co., 87a preferred (quar.)
Continental
9-15
10- 2
10- 2
10-16
.
(ouar.)
Continental Bank
15c
$2
15c
Gravel Ltd.—
$2.50
Co.
Consumers "-wer
9-15
9-15
_—
Corp. Ltd.,
(quar.)
preferred
Consolidation
10- 2
10- 2
10- 2
ir
pfd.
9-11
$1
(accum.)
Consolidated Steel
11- 1
10- 2
10-25
10-16
17c
-
9-22
9-22
11- 1
...
57c
10- 2
$$1.25
10-15
10-
t$l,37
(quar.).
Extra
Class
$$1.75
$$1.37y2
9-30
$1.50
______________
(quar.)
General Finance
2
—
—
preferred
Emerson
9-11
9-16
$1.50
(quar )
10-
(quar.)____
;
common
Inc.;
(quar.)
General Electric Co.
10- 2
10-31
$1.12J/2
$1.25
$4.50
Emerson
10- 2
9-5
10-2
$1.12 V2
67c
Co.,
Bradstreet,
Stock
....
1st pfd.
Stores, Inc
&
Ltd.,
preferred
General
(quar.)_____
Rockaway RR (s-a)
El Paso
9-15
9-20
10- 2
10- 2
90c
(quar.)
Consolidated Royalties Inc.,
Textile
(E.
11- 1
10-31
9-25
10-16
20c
General Outdoor Advertising, common
$80c
$30c
10- 2
22c
(quar.)
Inc.
Quarterly
General Baking Co., 8% preferred
General Capital Corp. (irregular)
Chemical Co.—
&
preferred (quar.)
Elliott
Power
(quar.)
Consolidated Sand
1%
&
class A common
Consolidated "etail
9-28
9-28
tlOc
preferred
Pont
Inc.—
(quar.)
eh. Tool, $6
10-16
10-16
9-19
$1.50
$1
—______
9-11
——
—
Esquire.
$20c
$1.18%
25c
$3.50
(quar.)
common
preferred (quar.)—
—
Dominion Malting Co. Ltd.—
New common
(initial quarterly)
r
Dominion Oilcloth & Linoleum, Ltd. (quar.)_
Chemical
10- 2
$$1.25
$$1.75
Ltd., common (quar.)__
17c
Flizabethtown
12-25
12-31
25c
Light
$35c
(quar.)—_ '
Dominion Glass
Co.
preferred
$6
9-14
777;
10-,3
9-19
10- 2
9-11
$1.25
Electric
Ltd.
Steel
9-20
2
50c
5 7c
General American
9-30
12-30
—
Electrical Products Corp.
10-31
(accum.)_____
Gas
•
&
Electric
9-27
9-23
10- 2
75c
25c
(quar.)
preferred
10- 2
$30c
10-30
$30c 1-30-45
!10- 2
(quar.)
partic. preference A
6 7c
(reduced quarterly)
Ltd.
10-14
General American Transportation Corp.—
10-14
10-10
9-9
(quar.)__
Mines,
..-Quarterly
5 7c
Consolidated Film Industries Inc.—
Consolidated
11- 1
10-31
25c
62'/2c
common——
convertible preferred (quar.)
Eastern Steel Products Ltd., 5 7o pfd. (quar.)
9-30
9-30
9- 9*
11-15
(quar.)_
(s-a)
Co.
t$1.25
(quar.)—
Co.,
A
&
preferred
2-9-45
47c
Cigar Corp., $4.75 pfd. (quar.)
Goods Co., common-,..
preferred
3-1-45
10-31
Inc., Class B conv. pfd, (quar.)
5Vi7c
$3
•
75c
9-15
10-14
Gemmer Manufacturing Co.—
9-30
(s-a)—
$2
10- 7
$$1.50
Consolidated Dry
Consolidated Edison
Class
Eastern
9-11
9-11
Management Corp. (s-a)
& Power
Consolidated Bakeries
preferred
Cup
67c
9-15
10-16
10- 2
10- 2
(quar.)
Connecticut
5 7c
Dixie
partic. pfd.
2
Class A
Power,
Corp.-Seagrams, Ltd.—
Distillers
$6
.
Coke Securities—
Connecticut General
10-10
pfd. (quar.)
(N. Y.)
Gatineau
9-29
9-30
Co., $1.50 preferred
East Tennessee Light & Power—»
(Toronto)—
:
Co., 6%
Diamond Match
Eason
75c
Quarterly
Connecticut Gas &
10-16
10-31
Eagle Picher Lead, 6% preferred
$1.50
$1.75
preferred (accum.)
11-15
30c
25c
50c
y
Duquesne Light Co., 5 7o 1st preferred (quar.)
,
$1.37,/2
(quar.)
17c
$19.50
10-
10-31
quar.)
Co.—
Investors,
Gannett. Co.,
9-30
10-25
t$3
$1.75
(increased
Galveston-Houston Co.
9-20
(irregular)-:
Products
Detroit Steel
c.
Co.—
_■_
10- 2
Detroit International Bridge Co
,
11- 1
$1.25
&
Derby Oil & Refining, $4 preferred—______
Co. (quar.)——
Detroit Edison
du
10- 2
10- 2
Corp.—
(accum.)
Commonwealth Water Co.,
50c
Co., 77c
preferred
Fyre-Fyter,
10-14
15c
Fulton Trust Co.
11-15
12-23
12-15
$1.75
Tramway Corp., 1st preferred
Denver Union Stock Yard Co. (quar.)
Common
40c
50c
______
$1.25
(quar.)
preferred
Brush
conv.
Holders
?5c
preferred (accum.)____
_____
Fundamental
9-26
9-26
9-30
12- 1
12-23
12-15
75c
—
Denver
Dun
35c
(quar.)
(quar.)—
Commonwealth & Southern
1%
$1
.
;
11-1
J35c
67c
J.),
Grain & Malting
(George A.)
4%
York—
(quar.)
preferred A (quar.)
___
Dow Drug Co., 17o preferred (quar.)
Draper Corp. (quar.)
Duke Power Co., 17c preferred (quar.)
5c
of N. J.
Co.
(irregular)™——
Fuller
Fuller
When
$1.25
of Rec.
Payable
Per
.
Ltd.
(A.
Froedtert
9-20 '
10" 2
Cos.\
Frtfser
Freiman
Special
10- 2
10- 2
10- 2
10-16
Share
7'a,';
Franklin Telegraph (s-a)__
•
10-10
5c
15c
$4
(N. Y.)—
.
Commonwealth Edison
$6
10-16
10-16
V. 10- 2
-.7
(quar.)__-___;
Trust Corp.
Investment
Commercial Trust Co.
$6
Deere & Co.
,
9-15
•<•••. 9-21
9-21
10- 2
*"9-15
10- 2 v
9-16
10- 2
9-16
$1-50
_________
Dow
9-12
9-20
9-20
9-15
9-15 /
9-15
10- 2
11-1
$5c
$10c
60c
•
_____
Commercial National Bank & Trust
Commonwealth
6 7c
-:
~-r.
Co.,
(A.)
Dover &
9-16
9-16
11- 2
9-23
"10-2
10- 2
10- 2
10- 2
,,10- 2
10- 2
$1.50
$1.63
—____
preferred (quar.)
*
9-15
9-25
9-22
10- 2
9-22
10- 2
$1.50
$1.75
$1.50
75c
25c
75c
_______
common
preferred
Commercial
Long Hook &
Pinna
5V27o
10- 29-15
10- 2* •
9-15
$5.60
$25c
(quar.'
$7 preferred
Co.,
Eye (quar.)
class A
—
convertible preferred (quar.)
De
De
Dominion
9-15
10- 2
10- 2
12- 1
(quar.)__
preferred class B
A prior preference (s-a)
Publishing Co. prior pfd.' (quar.)
Dominion Tar
10-20
10-10
10-10
10-14
10-1
10- 2
10- 2
10-16
10- 2
75c
Corp.
(Boston)
Loan
10-1
10- 2
10- 2
common
Class
Extra
9-11
9-30
9-25
10- 1
62y2c
y
__™_
(s-a)__
Co.
9-15
;
10- 2
10- 2
10- 2
$1.25
(quar.)
Cockshutt Plow Co.
$6
,
(quar.)__
(Del,), class A
International
Coca-Cola
Cohen
pfd. (quar.)_
preferred (quar.),
77c
7
9-18
35c
$1.75
:y $1.75
—v——
Coca-Cola Company
9-20
11-15
$1.12y2
10c
,_
17c
Co.,
Co.,
s,.
Ny
9-14
■
10- 2
50c
(quar.)___—_—_____—
(quar.)_.
(N. Y.)
(quar.)__
Works
;
12- 1
common
Cleveland Hobbing Machine
Water
1-2-45
10- 1
Dairy Corp. of Canada, 57c preferred (s-a)
t$1.25
Davenport Hosiery Mills Inci, common
25c
17c preferred .(quar.)
—p; -, $1.75
Davidson-Boutell Co., 67o pfd. (quar.)
____'
$1,50
Dayton & Michigan RR. Co., common (s-a),,
87V2C
87c preferred
(quar.)__j___
i:. $1
Decker (Alfred) & Cohn
(resumed) (quar.)
25c
Stores,
Dominion Foundries
$1/11- 1
12VaC
11- 1
12'/ac
11- 1
15c
10-20
City Title Insurance Co.
Clinton
9-19
10- 2
$1.75
75c
$1.75
_
Co.
$3
75c
10- 5
12-20
9-8
77c
preferred (quar.)____
City National Bank & Trust Co. (Chicago)—
Quarterly
:
City Stores, common (initial quarterly)
Trust
-
85c
■.
——
__.
preferred
10-20
—
City Investing Co., 7%
$4.50
v
$1%
Cincinnati & Subuiban Telephone Co. (quar.)
Clinton
25c
Drug
Dentist's Supply Co. of New
•
9-14
9-20
9-15
9-30
9-20
9- 8s"
9-30* 9- 9
9-26
9-20 '
9-20
9-20
■,
;v
10-14 7'
10- 2
$1.25
•
Cleveland Electric
12-20
Co.—
(quar.)
Cincinnati New Orleans & Texas Pacific Ry.-—
57o preferred (quar.)
6%
9-11 ■'£
9-11
10- 1
10- 2
10- 2
10-16
10-2
10- 2
10-16
10- 2
10- 1
10- 2
10- 2
10- 2
50c
;]•
45c
i,*\.
7c .'j,
$1.25."
75c
$1"
15c
50c
50c
62V2c
75c
preferred class A
17c
.
12-30
(quar.)
Cincinnati Gas & Electric
•
9-20 ifi
9-20.
,' 9-15
9-11
9-11
,,':43%c .•:) 10- 2
RR.— i*:"
30c
12-15
______
Christiana Securities,
5 7c
(quar.)_
Curtis
?.,
9-18
_______
Bend
South
&
Oil
Cotton
11-15
Dome
Chicago Railway Equipment Co.—
17" preferred
(quar.)
Chickasha
11-25
Common
(N. Y.)
Bank & Trust Co.
Chicago South
37y2c
(s-a)
6%. preferred
(quar.)
Chapman Valve Manufacturing Co.. (quar,)
Chemical
10c
Fibre Co.—
&
Paper
—
(extra)
Clinton RR.
_____
_____
Chamirion
10-13 ;
10-20 ■
10-20
Cunningham
;;-9-20
_____
______
__
Chain
10-27
11- 1
11- 1
preferred (s-a)—
Culver & Port
9-18
9-20
■
25c
(quar,):
When
30c
—$3
—
$3.50
17c
Name of Company
of Rec.
Holdersr.
Payable
Share
Per
(special)
Cudahy Packing Co., common
6% preferred (s-a)__
67c
10-2
10- 2
67a preferred (quar.)_
_™—Z\V2o J 10-. 2
Central Hanover Bank & Trust Co. (N. Y.)—
7 7 *7 ■';■■■■
Quarterly
V '■
$1
10- 2
Central Illinois Electric & Gas (quar.)_,
-■
32y2c
10- 1
Central Illinois Light 4y2%.pfd. (quar.)—
$1.12.%
10- 2
Central Kansas Telephone (s-a)
$1.50
10- 2
Central Maine Power, 17o preferred (quar.)_
$1.75
10- 2
6%
preferred (quar.)—_
—i——
$1.50
10- 2
$6 preferred
(quar.)__—.
__—_______
$1.50
10- 2
57c dividend series (quar.)
62y2c
10-2
Products
r
'
of Company
-
Savings Co.
&
(quar.)—_______
Can.)
(Toronto,
Central Fibre
Name
of Rec.
Holders 7
When
Per
■y'v•;
Celanese
Payable
Share
Name of Company
9-20
9-20
9-23
9-23
Ltd.—
THE COMMERCIAL & FINANCIAL CHRONICLE
1440
(quar.)--;
Co.
H.)
$1.50
10-
2
9-15
10-
2
9-15"
Lamson
50c
10-
2
9-20
6 %.
25c
10-
5
9-25
Lamson
$1
10-14
9-30
Landed
$1.25
Holophane Company, $2.10 preferred (s-a)__
Hoover Ball & Bearing
—
class
Houdaille-Hershey,
B
10-14
9-30
10-
9-11
—•'
Household Finance Corp., common (quar.)___
5%
preferred (quar.)__
:
•--Howard Stores, 5%% preferred (initial quar.)
Howe Scale Co., 5% preferred (s-a)
—
$1.31 %
2
10-
2
9-15
pfd. (quar.)
Huron &; Erie Mortgage Corp.
(quar.)—'—
Huttig Sash & Door, 7% preferred (quar.)_
Hyde Park Breweries Association Inc.——.
$1.50
12-
1
11-16 1
Corp., 6%
Fibre
1
75c
9-
9-19
Lehman
75c
10-
2
9-20
Leich
(quar.)
$1.50
10-
2
9-
Michigan Electric Co., 4%%. pfd._
192/sC
10-
2
9-20
pfd.
6%
Co.,
Service
$1.50
1st
10-
Powders,
(interim)
9-15
10-
2
9-20
;
10-16
10-
preferred
$3.50
11-
1
1
t$1.75
11-
1
10-
10-
2
11-
1
$1.50
10-
2
2
9-
10-
2
9-15*
9
45c
10-
2
10-
2
*
37V2C
10-2
30c
10- 2
9-16
10c
.10-
10-
2
9-25
10-
1
$2
10- 2
$2
11-1
(interim25c
Co.
<quar.)____:
$100 par
(quar.)
__________
9-12
Mabbett
—
preferred
7%
2nd
(R.
13c
9-30
6%
Light & Power—
10-16
9-30
Macy
u
Iowa Public
9-30
10-14
9-30
10-
9-
50c
10-
2
9-15
$1.75
10-
2
9-15
$1.50
,."10-
Service,
_
IOC
(quar.)—
preferred (quar.)—
$7 preferred (quar.)—.—_—
Iron
Fireman
10-2
2
10-
2
9-20
12-
10-
$1.50
17c
com.
B.)
Co.
: XlO- 2
Glass. 7%
Jeannette
'■V
2
10-
$1.75
Central Power & Light Co.—
preferred (quar.)
(quar.)
——
7 % preferred (quar.) A-A
Jewel Tea Co., 4%%, preferred (quai.)_____
2
10-
Johnson—
&
Jones
Steel,
Laughlin
&
5%
A i:,
(F.)
Sons,
25c
A
Rapids RR. (s-a)
Kalamazoo Stove & Furnace (quar.)
preferred
4%
Kansas
Electric
$6
preferred
(irregular)..,
AAA—_V
Co., 5% pfd, (quar.)
preferred (quar.)
(quar.)
$5 preferred
Kaufman
Co.,
(C.
(quar.)
Co.
Department
Kaufmann
Kaynes Co., 7%
Class B
•
$1.25
common
preferred (quar.)
Manufacturing Co.—
$6
non-cum.
Klein
(D.
preferred
Lake Gold
(quar.)
—____
'
(s-a)
& Baking—
6% 1st preferred (quar,)—
7% 2nd preferred (quar.)
Telephone,
(accum.)
Machine
(Arthur
(quar.)_____
B
(quar.)_____
common
(quar.)
6%
30c
10-
2
9-21
$1.50
10-14
9-30
4yz%
9-20
9-15
10-
2
9-15
9-20
Machine
Metropolitan
,
8%
preferred
Middlesex
Midvale
Miller
9-12
9-12
$1.50
12-15
12-
1
10-31
9-29
37V2C
10-2
9-22
10-
2
9-20
62 V2c
10-
2
9-21
67 %C
10-
2
9-21
30c
10-
2
9-20
$1.50
10-
2
9-18
10-
2
$1
15c
12-14
9-23
11-
6
—
_
10- 2
11-
1
10-13
$1.50
10-2
9-20
$1.50
10-
2
$5
9-15
Corp.
A
convertible
preferred
•
preferred
$2
New
pfd. (quar.)—
Orleans Public Service
preferred
New York
Molvbdemcn
7%
preferred (quar.)—
9-15
9-22
8
10-16
9-18
2
9-18
________
87V2C
10-
2
9-15
Ltd. (quar.)____
t25c
10-
2
9-
Co.—____________________
30c
10-
2
9-20
Noblitt-Sparks
Stock
share
a
held)
Electric Corp
Noma
$6
of
(%
share
each
American
capital
of
__—
.
>
(quar.)
1st
Subject to the approval of the SEC
preferred (quar.)_____
preferred (quar.)
North American Investment Corp.—
5%°/o
6%
preferred (accum.)
preferred (accum.)
5'/2 %
American
Oil,
___;
—
__________—^
(initial)
Corp., Class A——
—
——
prior preferred (quar.)
North Star Oil, Ltd., 7% preferred
6%
Northern
(accum.)
71V8C
75c
2
9-
1
10-
2
9-
8
10-
2
9-
8
75c
68%c
10-20
9-30
10-20
9-30
10-
2
9-20
50c
10-
2
9-28
50c
10-
2
9-28
75c
t8%c
10-
2
9-28
10-
2
9-
9
9-22
25c
11-
1
10-16
37%c
11-
1
10-16
10-14
9-30
common.....
—;
—
_____
$1.25
$1.37%
$1.50
10-20
10-20
_—_———
$1.75
10-20
Co., common
t6c
10-25
9-30
$$1.50
10-25
9-30
$1.25
10-14
9-30
$1.62%
10-
2
9-20
$1.50
10-
2
9-20
$1.75
10-
2
9-20
Ontario
Power
i
preferred (quar.)__.
$5 preferred
(Minn.)
(quar.)
_________
Greyhound Lines,
preferred
—
(quar.)
6%
Inc.—
10-
2
9-19
10-
2
9-18
10-
2
9-15
15c
10-14
10- 4
10- 2
10- 2
10- 2
9-15
Novadel-Agene Corp. (quar,)—*
Nova Scotia Light & Power Co., Ltd.
9-15
Nu-Enamel
Northwestern Electric,
preferred
(quar.)
preferred (quar.)
Northwestern States Portland Cement Co.—
77c
Quarterly
25c
^
& Worcester RR. Co.
Corp.
Flour Mills,
8% pfd. (quar.)
(quar.)
(quar.—
$5 preferred
10-
2
9-21
$2
10-
2
9-15
50c
$$1.25
7%c
10-
2
10-
2
9-15
12-30
12-15
9-20
(quar.) ———
pfd. (accum.)__
$25c
$1.50
10-
2
8-26
10-
2
9-11
(quar.)__—______
$1.25
$1,50
$1.25
$1.50
10-
2
10-
2
9-15
10-
2
9-11
9-11
common
Cities Water Corp.,
$6
(quar.)_
——_
Ohio Finance 5% prior pfd, (quar.)~__
6% preferred (quar.).
—
Ohio Leather, common__
Ohio Match Co. (irregular)—
Ohio Public Service Co., 5% preferred (quar.)
$6
9-20
10-15
Northern States Power Co.
Ohio
9-20
2
2
preferred
Ogilvie
2
10-
1
7%
Ohio Edison,
10-
11-
9-15
Norwich
2
9-25
10-
5%
$6Vu
10-
(s-a)—
—
—
25c
Co.J___—_________25c
Illinois Corp.,
Northland
$1.50
$1.50
Gas
convertible preferred *(quar.)__
Northern Indiana Public Service Co.—•
6%
10-16
10-16
5c
_____
______
new
American Rayon
Classj B
25c
Corp.—
Car
1st preferred A
6%
____
10-
—-—
preferred B .(quar.)______;
North American Co., com.
(stock dividend)
One share of
Pacific Gas & Electric
common stock for each 100 shares held.
$6
8
Inc.
Industries
dividend
for
pfd.
(quar.)
Weaving Co.
File
2
10- 2
9-11
2
2
10-
10-16
2
10-
1
preferred
$1.75
10-
10-
6%
9-15
$1.75
9-22
10-
9-15
10-
9-
11-
9-15
12y2c
$1
2
$1.50
2
1
Corn, 'of Amer.
9-14
10-
$1.75
2
Monongahela Valley Water Co.—
2
—
10-
9-25
10-
(quar.)_
7%
&. Light,
Power
$6 preferred (quar.)___—
New York Trust Co. <N. Y.)
10-
10-14
2
"
preferred (quar.)—
5V2% preferred
50c
Mohawk Rubber Co
9-22
10-
9-22
9-15
9-20
9-20
10-16
2
9-15
2
10- 2
10-2
10-16
1
10-
2
10-
$1.50
(quar.)_
1
11-
10-
$1.50
(quar,)—
i30c
(quar.)——t$l.37V2
$6 pfd.
11-
pfd. (quar.$1.50
Newport News Shipbuilding & Dry Dock—•
$5 preferred (quar.)
$1.25
9-15
common
9-16
Newport Electric Corp., 67c
1
Missouri Power & Light Co.,
60c
$1.62%
$1.50
$1
33Vbc
40c
2
—
(quar.)__i___—__--_
10-
$1.50
$1.75
9-15
10-
Co. Inc.—
(quar.)
preferred
$1.50
9-20
9-20
10-14
9-15
9-20
9-15
Containers, Ltd.,
(quar.)_
$1.50
11-1
10- 2
10- 2
10- 2
9-15
2
2
1
10- 2
10- 2
2
10-
2
9-
$1.75
9-22
10-
10-
1
$1.50
2
10-
10-
$1.50
10-
35c
4%'%
1
(quar.)_
(quar.)___
9-15
80c
$1.18%
Common
1
$1.75
9-20
9-15
(quar.)
New
9-
$1.50
*-—
Mississippi Power Co., $6 preferred
Modern
RR.
London Northern
9- 9
2
Water Co.,
New
'
10$
Light 4% pfd. (quar.)
7% preferred (quar.)
Jersey Power &
New Jersey
—
Fire Insurance Co.
25c
50c
r,_
9-20
$1.75
(accum.)
New Hampshire
9-
(Del.)—
participating units_
power & Light, 7%
preferred (quar.)
preferred
(quar.)
pfd. A (quar.)
Co., common
preferred B (quar.)_____________—_
New England Power Assn., 6% pfd. (accum.)
1
Mississippi Power & Light, $6 1st pfd. (quar.)
Mississippi River Power, 6% pfd. (quar.)—
Missouri Edison "Co., $7 preferred (quar.);
$7
(quav.)__
$1.25
(quar.)—
2
12'/2c
$1.31%
6%
1
Co.—
10-
10-15
______________—
$2
Light Co.
10-20
'
Newberry (J. J.) Realty, 6%%
Northern
(quar.)_
Minnesota
$6
_____
7
(irregular)
(J. J.)
Newberry
10-
9-19
10-30
Ltd.—
common
1st
$5.25
10-
9-19
50c
(irregular)__
(quar.)_______
Co.—•
$1.75
(quar.)
Products
common
$1.50
$1.50
Company
Manufacturing
Class
5V2%
$1.50
$1.75
_
Corp.,
Texas
9-12
2
Nehi
$1.50
2
9-23
(Hartford)—•
(reduced quarterly)20c
Box,
Co.
Shore
9-20
2
Oil
Navarro
North
2
Co.
2c
Sugar Refining Co.35c
North
2
10-
National
1
10-
30c
(quar.j_
2
10-
9-15
$1.25
10-
9-19*
2
North
10-2
9-19*
1
1
9-16
50c
1
10-
10-
2
50c
10-
$1.75
10-
1
common
9-19*
10-20
9-
(quar.)
1
1
10-
9-22*
10-
2
North
2
8
50c
$1.75
11-
9-20
7
9-
10-
10-10
10-
2
$37'/2C
1
10-
8
10-
6%
11-
60c
2
9-
preferred class B (quar.)___^_—$1.50
National Linen Service, common (quar.)
25c
National Screw & Manufacturing Co._
37'Ac
National Steel Car Corp. Ltd. (quar.)
125c
Lead
9-
Co.,
class A
Insurance
preference
$1.50
National
2
$.07222
8*
2
(quar.)__
(Cleveland)
National Grocers Co.
1
preferred
10-
10-
_______________________——_
1
Products
10-16
|50c
(quar.)
common
2
10-
Steel
9-
(quar.15c
J44c
Ltd.,
4
10-
non-cum.
10-14
10-
$1.75
$2
30c
.
10-16
$1.50
Midland
11-17
1
12'/2c
(quar.)
(initial)—
11-10
1
11-
Department Stores, common (quar.)'
(quar.)__
pfd.
1
12-
9-30
preferred
(quar.)
12-
$1.75
10-
preferred
$2.40 preferred
15c
(quar.25c
1
prior
Micromatic Hone Corp., 5%
Inc.—
9-30
2
9-20
9-15
9-25
2
Mickelberry's Food Products—
9-30
2
11-
prior
;
9-30
10-16
50c
$7
(quar.)
10-14
10-
(quar.)________
$6
10-
10-
u
.
t25c
2
$1.75
1940
37J/2c
10-13
preferred
preferred series
12-21
10-16
10-
10-11*
9-18
12-28
10-
10-
*10-27
2
50c
10-
25c
10-
1
$7
Co
9-15
30c
11-
preferred
Copper
1
35c
$6
(quar.)
10-
(quar.)
National Folding
62y2c
Co,_
9-15
$1.37'/2
(quar.)—_
Quarterly
$20c
Edison, $5 preferred (quar.)__
(quar.)
:
1
Co., common.*™*—J*:.. '
Register
National Fire
$1.12l/2
9-20
9-21
20c
10-
(quar.)
common
preferred (s-a)
Electric Welding Machine
$1.3iy2
(initial)
Fibres,
National
25c
preferred (quar.)
10-27
3
4
75c
(quar.) __!
preferred (quar.)_______—________
5'/4%
15c
10-
10-
10-10
Merck & Co., Inc., common
9-23
9-18
10-15
2
6%
2
4
2
$6 junior preferred (quar.)__
77o
preferred (quar.)
i
10-
12-
1
9-22
37 %c
12-15
10-
10-2
9-18
35c
10-
10-10
•
9-20
11-
10-28
2
9-20
2
$1.50
(quar.)
Extra
Mesta
6%
North
2
10-
(quar.)—25c
preferred
& Co.
25c
10-
11-30
10-
50c
Stores,
Mead Johnson
9-15
37 %c
43%c
9-30
2
10-15
9-29
75c
(quar.)
11-15
10-
25c
10-20
25c
class
2
10-10
7%
Niagara Wire
$1
Co.,
Robbins,
preferred
pfd.
Co.__>__
G.)
10-
5
77c
Nicholson
10-14
3
10-16
Candy Co., common (quar.)__
1st preferred (quar.)__„_______.
2na preferred
(quar.)_
9-20
10-30
12-
$1.50
National
9-30
1
11-15
10c
preferred
preferred
9-18
$7
50c
10-
7%
2
10-
3
$1.18%
'
(quar.)__.
Breweries,
10-16
10-
9-25
12-
Utilities Ltd._____________
Bond & Share Corp.
stock
Michigan Associated Telephone Co.—
6%
preferred (quar.)____;
Michigan Public Service, 6% pfd. (quar.)
Grocery
Crosse
Trust—
Miami
25c
—
6% preferred (quar.)
Laclede-Christy Clay Products, 6% pfd.—
La
preferred
&
9-16
Hegeler Zinc—
9-20
t2c
Knapp-Monarch Co., $2.50 preferred (quar.)
$2.70 preferred (quar.)...——
;—_
Kobe, Inc.. 6% preferred A (accum.)— __
Koppers Co. 6% preferred (quar.)— _______
Kresge Department Stores, 4% 1st pfd. (quar.)
Kress (S. H.) & Co,, 6 % special pfd. (quar.)
Kroger
;
Investors
2
9-22
9-25
3
$1.50
National
37y2c
$1.75
15c
(quar.)
(quar.)
&
10-
2
2
10-
Co.___________
National
20c
Corp.
preferred
Minneapolis Gas
$1.50 preferred (quar.).—.—
Emil). (quar.)—
40c
10-
"
9-15
$1.50
_______
(quar.)..
Mines
& Sons (quar.)_
(M.)
9-15
Kinney
Kirsch Co.,
9-14
1
12 %c
Kirkland
9-11
25c
(quar.)
Corp.
6%
9-15
9-15
10-31
9-29
2
2
25c
9-30
10-16
10-
10-
;. '-
10-16
5c
$1
10-
a
9-25
9-20
9-14
■>
2
1
2
37 % c
________
& Co,
2
$1.25
,
class A
_———AAtAAA
(Walter)
10*
■
Co.,
Kimberly-Clark
10-2
10-
10-
2
9-14
10c
50c
10-
$1.75
Stores
Kendall Refining (quar.—
Kentucky Utilities Co., 6%, preferred (quar.)
Kerr-Addison Gold Mines (interim)
Kidde
9-15
2
$1.50
A
_„A_,A__AA
——_—
9-30
2
•_
—
Kellogg Switchboard & Supply—:
5% preferred (quar.)
Kelsey-Hayes Wheel
10-16
9-30
10-
Mercury Mills Ltd.
10-
10-15
10-16
9-14
2.
50c
—_
$1.12%
preferred (quar.)
Kellogg Company
10-
5
9-15
9-20
(quar.)
$1.12%
Light Co., 4%% pfd. (quar.)
$4.50 preferred (quar.)
A.)
10-16
12-
10-
$1
:
,
1
2
t70c
—_
McQuay Norris Manufacturing
•
12-15
(quar.)
10-
10,16
McLellan
9-20
$1.75
,;:
common
(quar.)
Kansas Power &
Drug
Gas,
11-
*
—
9-20
McKesson
•
9-15
9-15
9-30
McKay
2
$1.25
Power
Natural
1
$1.50
A
Electric, 7%
Kansas-Nebraska
Katz
_____
10-
20C
Vegetable Parchment Co. (quar.)
City Power & Light Co.-—,:,v
B (quar.)
Kansas City Southern Railway Co.—
2
Y.)
_
25c
McICee
9-20
2
10-
Vv.-: ,15c
Kalamazoo
$6 preferred class
10-
$1.75
$2.95
;
2
9-20
$4
10-2
62 %c
quarterly)—_—...
10-
;
i0-
50c
McClatchy Newspaper, 7%
5
9-5
10-16
9-30
2
Matthiessen
5
9-
10-1
$1.50
(quar.)_
Kalamazoo Allegan & Grand
Kansas Gas &
9-
10-1
common„____.—________
preferred (initial
preferred (finalt
Kansas
10-6
3
1010-
America—
of
Automotive
National Biscuit
9-18
10-
10-10
Massachusetts
10-13
00c
1
25c
10-16
7%
9-11
$1.25
„
5%
iU
(N.
Marylaitd DiTdock Co., common
10-18
$1.25
common
(quar.)
preferred B (quar.)
Joplm Water Works, 6 % preferred
7%
11-
$1
$1.75
$1.25
77c
preferred ' A
5%
Kahn
2
11-1
9-26
37y2c
-
2nd preferred series (initial quar.)
4%
10-
$1.75
$1.06%
Co.
preferred
Martin-Parry
9-11
;
Trust
(quar.)
conv.
Marsh
9-11
2
9-22
2
Marlin-Rockwell Corp.
6
9-25
n 10-2
$1.50
preferred
Johnson
10-
$1.37%
5% %
6%
,
2
1010-
*17V2c
7%
preferred
(quar,)
::: tllVzC
Marion-Reserve Power Co., $5 pfd.
(quar.)_
$1.25
Marion Water Co., 7% preferred (quar.)
$1.75
Jersey
,
10-
•:
preferred (quar.)
Common
9-15
2
(quar.)
Corp., 5% pfd. (initial quar.)—
Calculating Machine Co. (quar.)
Margay Oil Corp. (quar.)
Maritime Telegraph & Telephone Co., Ltd.—
8-31
10-
10-27
30c
(accum.)____
preferred
xlO-
$1.50
3
Marathon
8-31
1%%
11-
Marchant
8-31
1%%
preferred
Maple Leaf Gardens, 7% non-cunt, pfd
Oil Exploration
9-22
xlO- 2
10-11
1
11-15
$1.50
$6.25
pfd. (accum.)
prior
Co., 7%
(B.)
11-
8
12-8
30c
6%
Maracaibo
8-31
1%%
$1.50
Mapes Consolidated Manufacturing (quar.)
8-31
10-
2
—
_
2
10- 2
xlO-
_
(W.
Jarvis
$2
9-22
$1,75
preferred A (quar.).——
—
7% preference B (quar.)____
—_
5% preference C (quar.)_._—
—
5%
preference D (quar.)
—
—
Jamestown Telephone, 6% 1st pfd. (quar.)
,7%
6%
9-12
2
50c
(quar.)__
Public Service Ltd.,
Jamaica
1
10-
15C
RR.,
Manufacturers
9-15
10-
Sl.OS'A
(quar.)—
2
2-45
Mansfield^ Tire. & Rubber Co.—
11-10
1
2
25c
(quar.)—,-i.
—
Irving Trust Co. (N. Y.) (quar.)—_______
Island Creek Coal Co., common (quar.)
$6 preferred (quar.)
Chute Co.
Irving Air
9-20
Common
30c
—
quarterly)—
preferred
Manning Maxwell & Moore
9-20
$1.75
Central
Manischewitz
9-20
10-
$1.62% '
(quar.)
Mfg.
10-2
$1.50
(quar-,)
common
$6 preferred
(initial
A
& Co., 6%
Mahoning Coal RR., common
Maine
9-15
2
(I.)
1-
15c
—________
Bearing Metals,
preferred
7%
9-30
10-14
2
$1.75
(quar.)_
(quar.)_.
preferred
System 6%
convertible
6%
9-20
35c
Tel.
National
•
9-22
'i $1.50
10-16
preferred
Mutual
12-20
9-20
&
Co.
Nanaimo-Duncan
9-20
10-16
1
(quar.t
Mutual Investment Fund
9-20
40c
preferred
Magnin
9-15
2
87 %C
$6.50
6%
Chemical
National City Lines,
common___
preferred (quar.)
(R. H.) & Co., common
4V4%
9-15
10-
_
preferred (quar.)—
2
81 %c
_
6%
10-
75c
6%
preferred C (accum.) ___________——
6%Vo preferred B (accum.)
7% preferred A (accum.)
__________
Iowa Power & Light, 7%
preferred (quar.)
Mutual
9-30
10-2
11-
50c
Manufacturing
10-14
Common
Iowa Electric
Ohio
$1.25
50c
10-16
(quar.)_____
preferred
preferred (quar.)
City Bank-
$1.75
1931
7%
Tel.
National
$1.75
,
1
$1.12,/a
;
Co.,
9-30
(quar.)
9-18
10-
11-
lc
States
10-14
10-2
7
lc
Cash
1-2-45
10- 2
7
Mining & Developing Co.—
National
1
7
9-
10-14
Corp.
9-30
10- 2
75c
9-
9-
i-
$1.06'A
of
series
Cafeterias,
Products
9-8
25c
(quar.)
MacAndrews & Fcrbes,
9-15
preferred
9-8
10-
pfd. (quar.)
(quar.)__
preferred (quar.)____
10-25
27VaC
$2.50
common
(quar.)
10- 2
$1.62y2
9-15
2
Lines.
& Co.,
preferred
National Fuel Gas
preferred (quar.
C.) Co., class A
Mahon
10-
(Philip)
'7c
Murray
(George) & Sons—
preierred
10-16
(quar.)—
(quar.)
1st
62yac
9-30
2
10- 2
Manufacturing—.I.
7%
10-
National
———.
pfd.
10-15
t$1.75
37'/2c
$1.62y2
6y2%
Co.,
$48c
(quar.)_________
(quar.)_
31^0
com.—
8
10-31
2
$1.75
(Ky.),
8
9-
2
2
5y2%
10-17
common
Ltd,, common
4%% preferred (quar.)
Murphy Paint Co. Ltd., common (quar.)
9-16
Electric
preferred
Clock
10-16
-r—-
(quar.)
9-
10-
$1.75
Extra
11-20
(quar.)________:
&
convertible
6y2%
$75c
(irregular)
12- 1
10-16
10-
Mountain
'.-'■/!/.
$1.25
12- 1
11-20
25c
9-15
50c
Quarterly
■
....
preferred,
Lux
11-15
10-2
25c
2
12-
Gas
Lunkenheimer
9-16
10-16
50c
_
Co.,
(P.)
,
9-15
'
(quar.).
J20c
Mount Diablo Oil
Ludlow Valve Manufacturing Co. Inc.—
10-21
1,
'
(quar.)_...
preferred
preferred
5V2%
11-
'
'
11-10
2
10-
6%
9-16
.
1
2
t$i.75
National
2
121010-
Telegraph Co.' (quar.)
Morrison
9-15
(quar.)i___
Co.
5%
9-14
87 %c
Chain
$2
15c
(irreg.)_
com.
f55y2c
Motor
& Sons Inc.—
(quar.)
11-10
9-15
.
Morris Plan Corp. of America—
11-25
11-25
preferred, $25 par
20c
—
12- 9
12-9
stock
1
(quar.)
4y2%
10-14
10- 2
25c
(quar.)___
5%
9-15
$1.75
_—___---
Inc
11- 1
10-17
$1.10
Co.
12-
preferred class B
4 J/t
10- 5
9-15
9-30*
$1.62ya
11-10
_____
Corp.
Morris
10-26
(quar.)
9-15
1
$2.25
*.
Murphy (G. C.)
^
2nd
7%
■
Fund
Steel
Louisville
10-
Foundation, Ltd.—
convertiblepreferred (quar.)—
Investors
Refining
Lorillard
9-15
Investment
Investors Mutual Inc.
9-22
9-12
10-14
10- 1
10-16
preferred
(Thomas J;)
8%
2
t8%c
25c
Department Stores——
$1.50
Interstate Telephone, $6 preferred (quar.)__
'A
25c
Intertype Corp. (quar.)
_
6%
10-2
10- 2
11- 1
Lord & Taylor, common
50c
(quar.)
75c
$1.75
10c
preferred (quar.)
Participating
10-10
—
of America
9-15
9-15
9-14
9-25
9-19
9-25
9-30
30c
6%
10-10
11-
Interstate
Investment Co.
10- 2
10- 2
10- 2
10- 6
10- 2
10-14
10-15
(irreg.)_.____
Longhorn Portland Cement—
9-12
$1.50
(quar.)— _—
12-20
9-23
30c
preferred (quar.)
Extra
$1.75
Securities Corp., 4%. pfd. (s-a l
12-30
10- 2
...
(quar.)
2
12-
preferred class A
7%
10c
62y2c
$1
•
(quar.)..
preferred
of Texas
6'/2%
preferred
Locke
International Utilities Corp.—
Inter-Ccean
9-20
$1.75
62y2c
$1.30
.
of
Corp.
original
Lipton
9-20
1
$1.50
(quar.)——__
7% pfd. (quar.)_—
,
2
10-
$2.25
$1,25
common
Moore-McCormack
(quar.)
Co.
Co.,
Oil
$3.30
9-15
65c
pfd. (accum.)
Co., Ltd,, 7%
International Salt Co
Int'l Power
9-30
10- 2
9-20
$30c
preferred ($100 par) (quar.)
preferred ($5 par) (quar.)—
—.
Telegraph (quar.).—
Co.,
2
2
25C
_
10-14
...
Service
6%
International Ocean
Co.
10-
—
convertible preference A (quar.)
International Nickel Co. of Canada—
.
5.2%
Moore
Liquid Carbonic Corp., 4'/2% pfd. A (quar.).
$1.12y2
Lit Brothers, 6% preferred (accum.)
$2
Little Miami RR., special stock (quar.' 50c
9-15
10-
—
6%
Shoe
Lion
9-20
1
20C
(quar.)
common
Industries, Class A
International
9-22
37 %c
—
International Silver
2
10-15
convertible preference (quar.)——
1%
10-
"
—
Corp.
Montreal
9-30
$3
.
7c/o
& Co.,
Insurance
Link-Belt
9-15
10-15
—
International Harvester Co.
7%
1
10-
(quar.)
9-30
10-14
25c
10-
87'/2c
Montreal Light Heat & Power Consolidated—■
Va.)~
Quarterly
Products
Cellucotton
Extra
6%
10-
50c
Corp.
Stores
Linen
$20c
(Richmond.
Insurance
43%c
(quar.)
(s-a)
class A
10-14
75c
30c;/
Holders
(quar.)
Montgomery Ward,
$7
of Rec.
When
(s-a)
preferred
7%
(quar.)
Virginia..
pfd. (quar.)
Lincoln National Life Insurance (Ft. Wayne)—
9-12
2
preferred C
5%
Payable
Service—
$4.50 pfd. A
B
(s-a)
preferred
50c
V-
Public
Montana-Dakota Utilities Co.,
9-11
10- 2
Penn
(quar.)____
$3'/2 preferred
Chemical,
Irregular
Liggett & Myers Tobacco, 7%
9-19
1
$37 %c
_
Sewing Machine.*
Co.—
International Biitton-Hole
Quarterly
Life
3
50c
(quar.)—,
common
$4.50
9-15
25c
(quar.
Lexington Telephone,
9-30
10-
30c
participating preferred (quar.)
Metal
$1.25
(irregular)———.—
com. (quar.)
Steamship
International Bronze
International
10-
preferred
Industrial Rayon Corp.,
Interlake
2
10-15
$1.31 %
9-25
9-30
2
10-
30c
10- 2
West
preferred
8c
(Charles)
Lerner
Corp.—
Brownhoist
conv.
10-
$1.75
—•
—
7
Monsanto
7%
"11- 4
12- 5
9-23
& Sons Ltd. (quar.J171/2C
$2.50 preferred (quar.)
pi
Lehigh Portland Cement, 4% pfd
1
2
2
Industrial
Int'l
9-29
10-
9-25
10- 2
—
Leath & Company, common
10-31
10- 5
11-15
12-15
10- 2
$1.75
—
Lawyers Title
10-
preferred
6fo
9-15
Monroe Chemical Co.,
$4
6% participating preferred (s-a)
Lawyers Trust Co. (N. Y.) (quar.)—i
50C
preferred
—
Indianapolis Power & Light Co., common—
5%%
preferred (quar.)
—
;
Indianapolis Water, 5% preferred A (quar.)
>
10- 2
20C
7%
60c
9-22
Monongahela
9-18
9-25
25c
—
Electric Steel Co.
$0.0484
Gen.
Indiana &
6%
9-15
8
_
Incorporated Investors
—
Independence Shares Corp
;.—
Independent Pneumatic Tool Co
_
—
Indiana Gas & Chemical, $3 pfd. (quar.)___
Indiana
2
12-
'
(irregular)
Imperial Paper & Colour Corp.
10-
3%"'
$1.18%
Ordinary shares (interim)
8-31
10- 2
10- 5
t$l
B
Latrobe
Illinois Commercial Telephone Co.—
$4.75 preferred (quar.)
——
Imperial Chemical Industries, Ltd.—
.•
preferred
6fio
10- 2
.
Share
Per
—
(quar.).
(quar.)..
preferred
Class
9-15
2
(Hamilton, Ont.)
common
Langendorf United Bakeries Inc.—
Class A (quar.)..
———__—
12-20
10"
75C
62'/aC
(quar.)..
—
Lang (John A)
9-15
12-30
10-
$$1
$1.75
pfd.
$2.50
Banking & Loan
Machine,
Lane Co,
t$l
Hummell-Ross
;—_
Sessions Co.,
&
37V2C
25c
$3
——
(irregular)..
preferred (s-a)
7%
Ltd. (interim)—-i.-
Humberstone Shoe Co.,
s.---
common
Quarterly
10-16
$2.50
(Del.),
Corp.
Landis
of Rec.
Holders
t7c
(interim)
Lambert
$1.05
__________
Name of Company
Payable
When
Share
.
.
Per
Lamaque Gold Mines Ltd.
Co.
(quar.).-
9-30
—
-
•
(D.
10-25
lc
(quar.)
Development
Holly
Holmes
of Company
\
Holders
When
Per
Name
of Rec.
Payable
Share
Name of Company
Monday, October 2, 1944
preferred
.—
5Vse/c preferred (quar.)
6% preferred (quar.)_,
7% preferred (quar.)__—
—
—
9-15
10-
2
25c
10-
2
9-21
75c
10-16
9-10
$1.25
10-
2
9-20
$1.37%
$1.50
$1.75
10-
2
10-
2
9-20
10-
2
9-20
9-20
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4321
.Volume 160
Name
Share
of Company
;
0/ Rec.
Payable
:> 1,
Per
Prosperity
$1.25
10-
Colony Insurance Co.
Omnibus
8%
Corp.,
Ontario
Loan
Ontario
Steel
preferred
Debenture
&
Products,
-
5 %
$2
iquar.)______
2
Providence
10-
2
9-15
Provincial
10-
2
9-15
Public National Bank
10-16
Quarterly
10-16
Public Service
$$1.75
11-15
$70c
11-
$1.25
10-
2
10-
9-30
2
I20C
10-
$15c
$$1.25
7%
Paper.
,9-JL5
,.9'n 1
8-
4
(•:
preferred
$5.50
preferred
prior
conv.
(quar.)
$1.37%
______
37 %c
Preference
(quar.)
■
Pacific Gas & Electric (quar.)
50c
10-
2
9-20
10-16
9-29
10-
(quar.)_
87 %c
10-
2
10-
2
of
Packer Advertising
Packer
Corp.
5.6%
Eastern
N.
Pathe
4%
Cos.,
Industries,
Peninsular
class
(quar.)
preferred,, (quar.)
$1
$1
50c
(quar.)
coupon
50c
—
_
35c
—
35C
(quar.)
$2.80 pfd.
70c
(quar.)
$5
preferred (quar.)—
Pennsylvania Co. for Insurances
Granting Annuities
$1.25
—
__
and
$1.40
___
pfd. (initial quar.)_—
4%
Edison Co.
Penn
$$1.25
(quar.)___
A
10-
10-
,
10-
1
10-
6%
2
10-
1
9-15
11-
9-11
2
$1.50
10-
2
Reliable
10-
2
5%
$1.25
10-
2
9-15
12 %c
10-
2
9-15
10-
2
$1
Pet
Circle
Milk Co.,
4%%
2nd
Co.
Co.
.'
:__
$5
preference
(quar.)
9-30
2
9-30
10-
2
9-
8
10-1
9-
6%
9-11
10-15
9
10-
$6
preference
6%
Revere Copper & Brass
9
10-
2
9-20
10-
2
9-20
10-25
10-
2
11-
1
10-
1
10-
2
9-
1
$1.50
(Philip)."
pfd. <quar.)____
Phillips Packing Co.,
514%
(Hartford,
Co.
10-
2
9-
10-
2
10-
1
9-
Water
30c
10-14
9-15
,
Plainfield
50c
50c
10-21
9-30
40c
10-21
*s.
9-30
$1.31%
»-* O
10-
2
9-15
75c
Plough, Inc.
Plume
Water
Co.
10-
I
9-15
—
Sulphite
_________
10-
2
9-15
St.
9-22
10-2
80C
$2.50
1
15c
•
6%
6%
Pratt
non-cum.
10-
2
10-
lot preferred
&
Pressed
•
5%
5%
Steel
Car
Co.,
2
4%
St.
2nd
East
&
Bros.
Proctor
&
Dome
Co.,
Mines
8%.
A
2
9-21
2
50c
2
9-22
10- 2
9-25
10-
San
'
-
1
10-16
$75c
10-16
9-20
—_
—
10-16
9-20
10-
2
9-15
7%
25C
10-
2
9-12
7V2r/a
6%C
10-
2
9-12
62 %C
10-
2
9-.12
10-14
(ouar.)__-__-—
(quar.)_
$$1.37%
,
iquar.).
6Vs%
_____
$2
9-
1
10-14
1
9-22*
Electric
Southern
debenture D
10-
2
9-11
$1.31 y4
11-
1
10-10
11-
1
10-10
12-30
12-21
12V2c
10-
2
2
9-11
5%
preferred
Mobile
series C
Ohio
&
Southwest
9-20
9-20
10-
2
2
Quarterly
50c
10-
2
1010-
+62 Vic
9-20
1
10-20
10-10
w,"
10-
$i.2iy2
2
9-15
2
9-15
10-
1
9-20
$1.25
10-
2
9-19
10-
2
9-19
30c
10-
2
25c
10-15
preference.
.__
Ltd.
5) 10- 2
■ ■
Squibb
Assn.
*25c
10-16.tst,
9-27
J35c
11-
1
9-30
11-
1
9-30
2
9-
: •''
Argentina, peso—-
Sept. 25
;
$
'
2
9-
9
$1
10-
2
9-15
75c
10-
2
9-18
10-
2
9-18
10-
$1.25
10-
Austraiia. pound—
Brazil, cruzeiro—
-v--1-
pfd.
10-
$3
(s-a)
$1.62%
10-
Class
10-
$2
10-
State
10-
10-
' •%
'
••
■'
St.
Steel
Co,
7%
10-20*
v
5%
$
$5
4
Ltd., class A
,
.297733*
.251247*
3.228000,.
•
.3.228000
.060602*
Canada,
dollar—
.060602*
',060602*
.060602*
.060602*;
.060602*
.051803*;
.051803*
.051803*
.051803*
.051803*
.051803*
.909090
.895625
Colombia, peso__
:_.
—;
England, pound sterling—-a
India (British), rupee
.572766*
4.035000
—
.909090
.909090
.909090
.896328
.895937
.8.95625
.896328
.572766*
4.035000
.572766*
4.035000
.572766*
4.035000
.572766*
4.035000
.
of Canada,
Life
Assurance
.301215
.301215
.301215
.301215
.205820
,205820
.205820
,909090
.909090
.909090
.893125
Uruguay, peso—
Controlled..—.—
Noncontrolled—I
:—:——
______
.893958
.833541
.893"125
.893958
.895000
3.244203
3.244203
3.244203
'3.244203
3.244203
3.244203
3.980000
3.980000
3.980000
2
9-30
1
10-16
1
10-16
3.980000
3.980000
3.980000
■
;'Yv
2
9-20
10-
9-15
2
9-20
10-16
$1.06%
2,
10-
:
$1.25
(quar.)
9-30
10-16
9-30
10-
75c
9-23
2
10-20
$31 %c
___
10-
5
$10c
10-10
9-21
$10c
10-10
9-21
Acid
&
12-15
31 % c
25c
12-
5
11-15
$1
____
11-
1
10-16
.
9-30
Corp.—
12-30
$1.25
12-15
$25c
11-
1
11-
1
9-20
6
10-
10-2
25c
9-20
1Q-
-
6
9-26
:
$1.25
—
10-" 2
9-12
$1.25
10-
2
»; 9-i2
31V4C
.
(quar.)
;
r
$75c
%
2
10-2
$75c
(quar.):
common
10-
$75c
11-15':
$3.25
(quar.)___'
(stock dividend)-
10-
4
2
9-15
11-24
$1.12%
(quar.)
11-
12-15
10%
11-
1,
82 %c
10-
2
,
10-10
S;;
iquar.)
—
:
9-23"
30C
Transit Corp.,,'.common
(irregular)
.
10-
2
40c
(quar.)__—
10-
1
9-1
12-
1
,11-15
;
50c
9.-15
,
25c
ift- 2
9-20
$3c
10-16
"a-io
1
$1.25
11-
$1.25
11-
1
10-
2
10c
10-
1
68%c
10-
1
9-15
$20c
10-
2
9-
8
$62 Vac
10-
2
9-
8
Bridge,
(quar.)
preferred
5%
pfd.
Preferred
(quar.)
—__2_—__
Iron & Steel Co._^——
Terk-Hughes Gold Mines Ltd. (reduced)—
Telluride Power Co., 7% preferred (quar.) —
Taylor-Wharton
Tennessee
Products
8%
Corp.,
pfd.
(quar.)
Thew Shoyel<Co.,
Thrift Stores,
$6
Co.;
9-ia
.
9-18
9-
1
9
9-15
30c
10-10
9-25
$5c
10-2
8-31
10-
$1.75
2
9-15
10-
10c
50c
(quar.
Electric Service,
6%%
Tide
,
2
9-15
10-
2
9-
1*
preferred (quar,)_
$1.50
10-
2
9-19
$5 pfd.
$2.50
12-
1
11-27
(s-a)____
common.——.———
10-10
9-25
$40 %C
10-
2
9-21
$1.12%
10-
2
9-11
50c;
Ltd.—
conv. 1st preferred (accum.)——Associated Oil Co.—
Water
(quar,
—
Tip Top Tailors, Ltd., common
■
7%
preferred
(quar.)
Tobin Packing Co.,
.658300*
,P58Tin*
*658900*
.658300*
.658300*
7%
,541850*
.541850*
.541850*
.541850*
.541850*
.541850*
Toledo
6%
7%
10-
75c
common
$7%c
—
(quar.)—__—
preferred (quar.________—___.
Gold Mines Ltd'.-——_■—
Tooke
Edison.
5%
preferred
(monthly)
preferred (monthly);
preferred (monthly)———
Brothers, Ltd———
—
_____—
10-
1
9-
1
$$1.75
(quar.
Toburn
.658300*
•Nominal rate.
11-
$$3
.
__________
9-30
10-
62V2C
Newfoundland, dollar—
pound__
Union of South Africa, pound__
9-15
11-
—
preferred class A
$4.50 preferred
New Zealand.
9-15
V
(quar.)—
.301215
.205820
.9OO0°0
2
2
10-10 f
'
.205820
OO^O^O
1010-
$1.25
——
% % class A preferred
Thermatomic Carbon
.301215
.909096
9-20
9-20
$1.13
(Canada)
Texas
.205820
Mexico, peso
9-20
,
2
2
$1.75
(quar.)___
.897265
.572766*
2
10-
10-
$1.25
(interim)
Phosphate
.909090
4.035000
9-20
$1.75
(quar.):
(irregular)
Texas Company
.909060
2
10-
$1.50
$1
.....
omciai
4
10-
(quar.)—_—
Talcott (James)).common. (quar.)_<_~__-_i_5%% partiC. preference :(quar.)_'J_._l_____
Tamblyn (G.) Ltd., common (quar.)-—____
'
3.228000
10-
$1.75
Superior Steel Corp.;_„____r._,1__.—________ '
.251247*
.
4
10-14
.
'
Sylvania Electric Products-——____
Sylvanite Gold Mines (quar.) _—
.297733*
.251247*
<
5%_ preferred (quar.)—
Investment Corp. (Boston, Mass.)
Swift & Co.
■<.
.297733*
3
10-
50C
„■
Wholesale
$3.30 partic.
Sept. 28
.251247*
ft
10-
10-14
(quar.)__
(quar.)
(Ohio), 5% pfd.
preferred (quar.)_____
Wells, $1.25 preferred
Syracuse
.297733*
10-
10-13
$1.06%
;Superior Portland Cement Inc.—
■; ■-
••*••••$
10-16
-$1.50
(quar.)—
iquar.)
preferred
5%
Sept, 27
$1
75c
(quar.)
Taggart Corp., $2.50 pfd.
'
10-11
IOC
—
Money
Sept. 26
9-15
10-13
(quar.)
preferred
conv.
& Sons, $5 pfd. A
B
2
(Dallas)—
Stokely Bros. & Co., 5% prior pref. (quar,);
Strawbridge & Clothier 5%- pfd. (accurti.)
i. M'
'•
,9-15
,
preferred (quar.)
+,__
Bros. Ltd., common (quar.) _______
6% convertible preferred (quar.) ___„wi
10-20*
llr
$1.12%
10-
Co.—
5%
9-25
11-
2
10- 2
75c
Stecher-Traung Lithograph
9-15'
$1.37%
10-
Stedman
9-11
50C
$2.50
.
Works,
Stanley
9-11
(quar.)
A, (accum.)
pfd.
(quar.)
Radio,
Works Inc.
9-11
10-
+
Telephone Co.---
Electric
Siui Oil Co., common
3.228000
9-30
°-15
10-
35c
Oil Co.
B
Standard
9-11
$1.75
$1.87 y2
___+
.251247*
3.228000
"MS
$1.25
$6
Participating conv. preferred
Standard
9-11
.297733*
3.228000
9-20
$1.5C
preferred (quar,)__1
Paper Mfg., 6% pfd. (quar.)
Pavings & Materials, Ltd.—
9-13
.297733*
——
10-16
Standard
9-20
2
.251247*
Officials—
9-20
$$1.50
Standard
12-15
12-31
37«/2c
■
•
9-20
$2
Insurance Co.
preferred
Standard
Buying Rate for Cable Transfers in New York
-•: -
10-15
$3 part preferred (accum.)_
Standardr Fuel. Co^ je%#: pfd. (accum.)
9
10-
$75c
&
Life
Tacony-Palmyra
.$
9-20
10-15
:•>Standard-Coosa-Thatcher
FOREIGN,EXCHANGE BATES CERTIFIED BY FEDERAL RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
Sept. 23
2
Standard Fruit & Steamship Corp.—
.
Sept. 22
9-15
10-
___'
(E. R.)
9-27
10-
$1.25
(quar.)
10-16
62 '/2c
25c
States
2
.iV.'lv
9-15
'
(quar.)__
(quar.)
United
11-15
10-
$1,50
Gas,
Gas
Square D Co.,
5
requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now certifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries, of the
world.
We give below a record for the week just passed:
■
•
'
: ;
Value In
11-15
1
34%C
„v
preferred (quar.) J
$4.25
$1.25
Foreign Exchange Rates
Noon
1
(special)
ctfs.
(Springfield Gas & Elec. Co.. $7 pfd.
Spring Valley, Ltd. (liquidating)
9-25
10-
to the
Country and Monetary Unit
2
9-18*
37 %C
(quar.)__,__T___
Sprague-Warner-Kenny, 6% pfd. (quar.)__
Springfield City Water, 6% pfd. C (quar.)_
7% preferred A (quar.)
7% preferred B (quar.)__i_i
Springfield Fire & Marine Insurance Co.—■
Quarterly
1
10-10
10-20
$1.25
•.
10-
2
$1.75
(quar.)
$3 preferred
9-20
1
10-
25c
(quar.)
28, 1944, INCLUSIVE
10-
12-
(A. G.) fc Bros., 1st preferred____
Sparks-Withington Co., common
1
Spicer Manufacturing Corp., common____2+_
Sun
SEPT. 22 TO SEPT.
10-16
12-
Spalding
9-15
•
WV--.-.':"-
9-20
9-15
Ltd.-—
Co.,
StrUthers
Pursuant
2
2
50c
trust
Associated
Southwestern
10-
Southwestern
5%
stock
Natural
preferred
$6
,
2
(quar.)
preferred
■9-25
5
10-
10-
50C
6%
2
25C
Schenley Distillers Corp., 5V2% pfd. (quar.)
$4 preferred (quar.)____i
$4.50
9-15
10-
$1.12%
original preferred (quar.)
b\'ur/o
10-
Scott Paper Co.,
1
9-15
;
Bleachery & Print Works—
10-
$$1.75
Sugar Refining
1
Southern Canada Power—
9-20
10-
20c
C (quar.)
debenture B (quar.)
debenture A
9-30
■
1
10-
$1.50
7% preferred (quar.)
Southern California Edison—
$1.25
Power, 6%
9-18
10-20
10-
10c
•
Semi-annually
9-11
9-11
Railway Co.—
&
'
62 %C
quar.)
Telegraph
3
20c
debenture
Savannah
9-15
10-
8%
Atlantic
2
(quar.)
Loan
2
62 %c
(increased
&
10-
t50c
preferred (quar.)__
Savannah
Power
10-
_>
Inc.___
Remedial
10-
Extra
•
preferredc (,accum.
& Atlanta
9
9-18
50c
Common
Southern
50c
preferred (quar.):
50c
preferred
11-
Mills
6% pfd. (accum.)
Paper, $2.50 prior pfd. (initial quar.)
Francisco
9-
2
$$1.50
preferred (quar.)_„._
Pennsylvania Pipe Lines
Greyhound Lines, Inc.—
4y2%
$1.25
Lawrence Paper Mills,
Savannah
9
2
10-
Southeastern
10-16
$1.50
preferred (quar.)
5%
9-
10-
$1.50
•
Co._—__
9-15
5%- 2nd-preferred
9-21
10-
50c
pfd. (quar.)
Co., $6 1st pfd. (quar.)
2
9-25
10-
2
$1.25
Gas, 5%
10-
9-15
10-
9-18
9-30*
10-14
Southern Railway Co.—
(initial quar.)_J;
Safety Car Heating & Lighting Co
Safeway Stores, Inc., common (quar.)
30c
■
Platinum
&
&
9-15
St.
25c
1
U-15
'
1
St. Regis
17 %c
2
South West
9-12
1
'.
Co.
1011-
$1
10-
9-30
+$1.50
pfd.
1
(accum.)
conv.
8-31
$1.50
$1.75
9-30
common
5%%
Gamble,
Class
8-31
2
$1.25
L_
(quarM__
Lawrence Flour Mills
7%
2
10-
participating preferred' (quar.)
Southern New England Telephone (quar,)—,
9-15
(jrreg,)___
(quar.)
preferred (quar.)
1
11-
preferred (quar,)________
5%
(quar.) —
-
9-12
10-
Sangamo Electric Co.__^______
(quar.)__
Inc.
9-22
25c
$1.20 conv.
10-
$20c
(quar.)
9-20*
10-20
$1
1st preferred
Preston
Price
Lambert.
10-21
10-
prior preferred (quar.)
Co.,
9-25
.
5c
2
10-20
Co.—
preferred
10-20
1
2
11-
Joseph Railway Light Heat & Power—
5%
9-15
50C
(quar.)—;
partic.
1
1110-
St. Lawrence Corp.—
Power Corp. of Canada—
.
preferred
10-25
20c
10-
$1.50
—
——
Paper
&
5%
Co.,
Petroleum
Root
9-11
9-
Scale
preferred
9-11
2
2
(quar.)
Co.
preferred
Huron
4%
&
9-28
12-29
Pittsburgh Water Co.—
$1.50
;_
Rockwood
9-20
1-29-45
$3.62%
$1.37 »/2
15c
Manufacturing
Corp., common (irregular)
(quar.)
—Pond Creek Pocahontas Co. (quar.)—
Port
2
10-
10-
_____—
Employees stock
Pollack Manufacturing Co
7%
10-
$1.75
—
Plymouth Cordage Co. (quar.)
Pneumatic
$1.75
75c
(quar.)
(quar.)__
Atwood
&
,
(quar.)
Carolina
Gold
Elec.
25c
Telephone Corp., common_'__
preferred class A (quar.)_#__
Russek's Fifth Avenue,
____
Chocolate
&
South
15c
:
Co.
9-10
2
10-29
$20c
Paper Mills, 6% pfd. (quar.)
South Carolina
15c
i.
Extra
4%%
(Howard)
Southwestern
(quar.)
2
10-
Sorg Paper, 4-6% series B (accum.)____
6% preferred series A (accum.)
South American
50c
..
10-
__j..
9-22
.*v
30c
1
v
10-10
■
(accum.)
prior pfd.
9-22
(quar.)
Manufacturing, Ltd.—
Button
5V2%
9-26
$1.25
.__
Mills Ltd.
1
tic
iquar.)
2
;
Cotton
9-30
11-
& Corona
2
(quar.)
(quar.)
Preferred
Rochester
9-20
1
C.)
2
Corp,—
Rochester Telephone Corp.
—
Union
Nut
River
9-22
$30C
(quar,)___
(quar.)
2
10-14
(irregular)
10-
common
preferred
(P. L.)
Common
9-30
Pittsburgh Fort Wayne & Chicago Ry.—
Planters
Inc.,
Mines
South
___
10-
$3c
35c
10-
Rochester
,r:
:
-
10-21
(L.
Smith
2
9-15
15c
Typewriter, com,__
$6 preferred (quar.)—
1_;
9-15
11-
9-20
(interim)
10-
participating class A preferred
Robertson
5%
.—
Smith
9-15
i
1
$$1.75
Ltd.
6VaVo preferred
Corp. (quar.)
25c
Co.,
conv.
Riverside Silk
$2
Conn.)—
______________
1
10-
9-20
$30c
b'/o preferred A
9-15
10-16
9-16
Co
Skenandoah Rayon,
9-15
.
2
Extra
9-22
10- 2
(quar.)
Works
Riverside & Dan
Pittsburgh Bessemer & Lake Erie—
(quar.)
1012-
45c
(quar.)
preferred '(quar.)__
Ritter
8
62. %C
50c
7% preferred
(quar.)
Pittsburgh Plate Glass
2
Goods
Brothers
6%.
9-20
50c
Quarterly
(s-a)
10-
1
Ltd.—
75c
preferred
Richmond
1
$1.50
Drv
2nd
Richmond
5%
_____________—
"Morris
2
10-
$15c
37'/2c
Reynolds Metals, 5% % preferred
Reynolds (R. J.) Tobacco—
$1.25
:_ v
2
$1.75
9
and
9-25
5
10-
10-
9-23
$1.25
iquar,)__
Canada,
Ltd.,
Oil
9-20
2
2
;
Simpson's
Sinclair
2
10-
(quar.)__
(quar.)_
of
$1.50
9-
1st
9-21
30c
9-
7%
9-14
10'
10-
(Boston)
Mines
Co.
12 '/2C
tirregular)
9-15
10c
pfd.
Dairies, Ltd., common (s-a)_
participating preference (accum.)
Simplex Paper Corp
•
(quar.)
9-15
10- 1
$1.37%
40c
1
—
Inc., b*A% pfd. (quar.)
10-1
$1.37%
conv.
(Quebec),
Premier
2
;f $25c
preferred
.9-21
63C
Silverwood
9-30
12-
$1.12Mj
(quar.)
Brothers, common
Silbak
10-12
10-
common
1
.
Common
7%
:
9-21
2
$1.25.,
(quar.)
Optical
Mines
10-
40c
(quar.)
1
15c
10-20
87 %c
,
2
(quar.)___
(interim)
preferred
Shuron
Sigma
10-20
$1.75
10-
$1.50
(quar.)
Common
Inc.,
5%
1
9- 8
1
20c
(quar.)______
10-
_______
______—___——
Ohio)
9-30
11-
2
11-
$1.75
(quar.)_.
(111.), ( common)
prior preferred (quar.)
conv. preferred, series A
Rice-Stix
■
V
preferred
10-
12-15
;—
Reymer &
—
11-29
50c'
(quar.)__
$1.06%
Philadelphia Dairy Products Co.—
$6 prior preferred
(quar.)——;
Philadelphia Electric Power, 8% pfd. (quar.)
Philadelphia National Insurance (s-a) ______
Philadelphia Suburban Transportation—
5% preferred (quar.}_
—
Philadelphia Transportation Co.—
$1 participating preferred (s-a)
V.
V.t.c. for; partic. preferred (s-a)
Common"
Insurance
(Dayton,
$1.06%
—
Phoenix
Insurance
5c
Philadelphia Co., common (irregular)
6% preferred (s-an
See
9-21
10-15
25C
_________
10-16
Common
50c
__^_+
20c
(Initial quar.)
Philip Morris.
10-14
50C
,___
8
8%c
Republic Investors Fund, 6% pfd. A
6% preferred B <quar.)__
Republic Steel Corp., common
8
$2
_____
Extra
j*
9-
$1
—_____
Fire
Remington Rand
$4% preferred
9-J.5
2
$1.75
9-
2
20c
iquar.)
1010-
' "
(quar.)
$5
Association
Interim
conv.
7%
9-15
2
10-
50c
common
preferred
2
10-
35c
(quar.)
(quar.)
1st preferred (quar.)
Pfaudler
10-
1.25
—
Perfect
10-
7%C
:
convertible preferred
$5
9-15
,
Shawmut
Sherwin-Williams
'.15c
__
9-20
9-20
(irregular)
Sheep Creek Gold
8
2
37 %c
preferred
7%
9-22
10-
$1.50
(interim)
Co.
$1.50
(quar.)._
A
Water
9-15
—...
1
1
SI
Sharon Railway
Sharon Steel Corp.,
9-19
10-16
87%c
(quar.)
9-10
10-
10-
Louis—
(quar.)__
certificates
9-
._
1
10-
$1.75
$1.50
prior preferred (quar.)
Allotment
10-2
Reliance Manufacturing Co.
62 %C
—
9-20
.
$1.50
preferred (quar.)
Reliance Electric & Engineering—
9-15
i
..
2
10-
30c
(quar.)_
37 %c
'
-
$1.25
(quar.)
9-10
1
25c
preferred
$1.25
(quar,)__
9-30
10-
$1.25
of St.
Selected Industries Inc.—
Shasta
Machine___
class
class A
7
10-14
10c
(quar.)
$2.50 conv, prior preference
5%
9-15
9-18
9-
(quar.)__
com.
preferred (quar.
Seiberling Rubber Co.—
9-15
2
2
2
50c
Corp.,
5%
9-15
1010-
10-
Co
Acceptance
Common
9-15
2
pfd. (quar.)
Quarterly
2
10-13
2
10-
$1.75
Reliable Stores Corp., common
9-15
\
9-15
;
2
(quar.L
Button-Hole
Common
9-15
10- 2
;
10-14
11-15
10-
Regent Knitting Mills, $1.60 preferred (quar.)
9-15
10-
;
6%
preferred
(quar.)____
Securities Corp. General, $7 preferred (quar.)
$6 preferred (quar.)
$5%
Employees Corp., 80c pfd.
Convertible
9-16
2
$1.25
(quar.)_
9-20
2
10-
(quar.)___
Reed-Prentice Corp.,
10-
Sugar Co., 5% pfd. (quar.)—
Pennsylvania Telephone Corp.—
$2% preferred (quar.)
Pennsylvania Water & Power, com. (quar.)_
t
$5 preferred
(quar.)
Peoples Drug Stores
—_____
Peoples Gas Light & Coke
______
Peoples Telephone Corp. (quar.)
—_____
Peoria Water Works, 7%
pfd. (quar.)_
Pepsi-Cola Co.
—
$5
9-15
10-
$1.25
preferred
Reed Drug Co., common
9-11
10-
$1.75
Pennsylvania
10- 2
,
50c
6% 'preferred
Electrotype
Reece
2-5-45
2
40c
_
Securities
58 %c
Rayonier, Inc., $2 preferred (quar.)
Reading Co., 2nd preferred (quar.),..*?
Real Silk Hosiery Mills, 7% pfd. (accum.)
4
2-15-45
25c
:___
Seaboard
9-13
4l%c
i_
(quar.)
conv.
preferred
Rapid
12-15
10- 2
Holde j •
$1.50
(quar.)_
9-15
Colorado—
(quar.)___
(George) Fund of Boston____
Railroad
9-20
10-
11-15
of Rec,
When
50c
Co., $6 pfd.
Securities Investment Co.
of Amer., $3.50 1st pfd. (quar.)
Radio-Keith-Orpheum Corp.—
2
1-1-45
10-
Payable
50C
(quar.)_
(irregular)
2
50c
Radio Corp.
9-12
10-14
5%
Co.
2
of Oklahoma—
Quaker Oats Co.,
5
9-15
2.
(quar.)_____
preferred
preferred
!
Co.,
Steel
10-
50c
preferred
Putnam
9-25
2
10-16
(quar.)—______
preferred
SG
•
10-
6%
Lives
on
(quar.)
Pennsylvania Glass Sand Corp., com. (quar.)
5 % preferred (quar.)
Pennsylvania Power & Light Co.—
$7
9-30
$1
Oil
Pure
9-30
10-14
25c
(quar.)__
Co.
(quar.)
$1.40 class A
$1.40
Ltd.
Telephone,
Common
10-16
$1.50
—____
Surety
Manufacturing Co.
10-
J.—
Puget Sound Pulp & Timber, 6%
Pipe Line
preferred
Paral'fine
$1.25
(quar.)—
___________
Tubes
Page-Hershey
Panhandle
Corp.
(quar.)
Electric
37 %C
(monthly)
preferred
prior
$5
9-15
pfd.
Lines, $3*/2
Scranton
Puget Sound Power & Light Co.—
9-20
50c
Greyhound
Pacific
Scullin
5
$$1.75
(quar.)
(N. Y.)—
preferred (quar.)_
Publication Corp.—
Original preferred (quar.)
9-20
2
Indemnity Co. (quar.)
__—
Pacific Lighting Corp., $5 pfd. (quar,,)_____
Pacific Tel. & Tel., 6% preferred (quar.)
Pacific
5
10-
Co.
;
(monthly)
(monthly),
preferred
Public Service Co.
Inc.—
Investors,
5
10-
10-15
(monthly)
(monthly)
preferred
'8- 4
2
Corp. of
Service Co.
%
Trust
;
preferred
7%
u-'r 5
preferred
5 %
Pacific-American
10-
10-15
$2.50
RR
&
__i
preferred
Public
,
2
Id- 2
10-
6%
.9-15
10-15
$50c
,
Ry. Co. (quar.)__L
Ottawa Light Heat & Power, com. <ciuar.)__
"<
'5%' preferred (quar.)ilivLL-ilLt
Electric
•
6%
9-25
1
$1.12%
(accum.)
Orange & Rockland Elec., 5% pf(L (quar.) —
Otter Tail Power Co., $4 Vk preferred, iquar.)
Ottawa Car & Aircraft, Ltd., cqmmopH_..—
10-15
25c
15c
11-15
$25c
(quar.)—
25c
(irregular),
Worcester
&
'
+$1.25
Share
Per
$1.25
Class A
Co.,
A
(irregular)
preferred (quar.)
Providence Gas Co._
10-
10-16
Name of Company
of Rec.
Holders
When
Scovill
Class
9-20
,
•
25C
7% preferred (quar.)—
Orange Crush Ltd., 70c conv. pfd,
Ottawa
I
(quar.)__
common
9-12
10-
$5
preferred (quar. )_____
(quar.)_.
Old Colony Trust Associates—
1st series Trust Shares (quar.) __________
non-cumulative
$5
Payable
>
■
Ohio Service Holdings—
Old
Share
of Company
Name
Holders
When
Per
1441
10-
1
9-
1
25c
10-
2
9-23
$1.75
10-
2
9-23
11-22
10-20
9-20
lie
41 %c
10-
2
50c
10-
2
58 %c
10-
2
9-20
$25c
10-
3
9-15
9-20
of Company
Name
•
_—/■■'
(quar.)
Toronto General Trust
Co. (quar.)
Toronto Mortgage
—
Co. (quar.) — —.—:
Manufacturing (quar.)——_
Torrington
Towle
________
—_
(quar.)_
6% pfd. A
Tri-Continental Corp., $6 preferred
Trico Products Corp. (quar.)
Corp.,
Traders
Finance
Trinity
Universal
(quar.)
Tobacco Co. Ltd.,
Tuckett
208
—
(quar.)_
$$1.75
(accum.)
$1.75
pfd.
7%
City Rapid Transit, 7% pfd.
Corp, (quar.).
So. La Salle St.
50c
—
Quarterly——'.
(quar.)
Y.)
10- 2
10- 2
10- 2
10-14
10- 2
10- 2
10- 2
11-15
2-2-45
10-2
10- 2
10-14
10- 2
10- 2
50c
—:
(N.
Trust
Underwriters
$5
25c
$1.75
common.—
preferred
Twin
$1.50
62'/2c
25c
—
(quar.)—__-.
(s-a)—
RR.
Rayon Corp.,
7%
(quar.)
t$l
$$1.25
40c
$1.50
$$1,50
Insurance
& Bennington
Tubize
Payable
When
Share
Per
-
.
01
Troy
$1
________
&
Bag
Name of Company
of Rec.
Holders
When
Holders
10- 2
10- 2
10- 2
9-26
9-8
9-8
10- 1
10- 1
9-16
9-16
9-20
common (quar.$1
(quar.)—;
._—______
$1.75
Whitman
(Wm.) Co., Inc.,—
7% preferred (quar.)
$1.75
Wichita Water Co., 7% pfd.
(quar.)—$1.75
Wieboldt Stores. Inc., 6% pfd. (quar.)______
75c
$5 prior preferred
(quar.)
:
V $1.25
9-20
preferred
$1.12'/2
(quar.)
$1-25
preferred (quar.)———
Co.,
Investment
Union
9-15
9-23
10-
7
£—.—
common (quar.)
(s-a)
United Carbon Co. (quar.)—
United Corporations, Ltd.—
$l'/2 class A (quar.)
:■_
United Drill & Tool, Class A (quar.)—
Pacific
Union
RR.
preferred
4%
Class
(quar,)—
Co. (increased)
B
Fuel
$75c
50c
.
:—
Railways Co. (Del.) —
prior preferred (monrhly)
—
prior preferred (monthly)———prior preferred (monthly———:
9-22
9-15
11-10
1-20
9-
Wisconsin
1
United Milk
_______
______
.
common
9-15
6.4%
6.4%
(reduced)
__:
11-15
12-15
Pictures,
Raalte
9-15
10-16
11-15
10-10
10- 2
10- 1
10-20
$1.25 7-16-45
40c
12-11
40c 3-12-45
40c 6-11-45
$15
10- 2
$1
11- 1
10- 1
10- 1
9-22
9-22
10- 1
9-9
75c
12-15
12- 5
Balances With domestic banks__
(In
•
6%
preferred
i--_
Insurance,
Pump
Wayne
common
9-15
certificates
$1
'
Wesson
•'
preferred
convertible
7%
9-30
Discounts and advances
9-10
Industrial loans
67,008
—
88,380
-
8,908
—
—1,430,248
61,665
-
1,122
6%
West
4 Va
West
West
West
Bills-
10-10
'
Bonds
9-15
3,542,490
_.
Notes
9-20'4
1-
2
4-
-
2
common....
—
common..
2,195,240
+
377.471
company
287,622
a
16,501,259
-
_________
Ltd., common (quar.)
(quar.)
,j.
Western
Tablet
—.
,
preferred
7,332,800
+
136
,_U.
+;
'■
+
5,442
+
418,350
1,738,634
Uncollected items_
9-15
91,615
—
3,973
34,516
31
56,920
561
597,563
+
5,876,479
85,591
+
4,843,582
13.354,988
89,635
+
483,410
215,824
,
9-15
Total assets—
9-15
—
20,086,984
Federal Reserve notes
U. S. Treasurer—gen. acct.—
9-20
Foreign
9-
+
364,616
1-15
4-16
Total
7-16
,
—
10-10
9-23
9-209-20
15,465,360
76,131
247,888
9,533
incl. accrd. divs—
Total liabilities
—
358
+
36,956,670
:
ft;?.
9-20
Capital paid in
Surplus (Section 7)
85,900
998
+
5,839,077
+
■598,846
'
Surplus (Section 13b)
+
92,786
Other capital accounts
1,229
+
136
313
—
9-
10- 2
10- 2
9-18
10-19
11-15
10- 2
10- 2
9-27
:
9-23
10-
2
11-
1
9-15
9-15
9-23
11-15
10-15
10-15
10- 2
preferred (quar.)_________—________
Telegraph Co., class A__
Inc. (quar.)___
Westmoreland Water Co., 6% pfd. (quar.)__
5%
—_
_
$1.25
10-1
50c
25c
$1.50
$20c
10-16
10- 2
10- 2
10- 2
$1.06V4
10- 2
City,
N.
J.
Kellogg Co., Ltd.,
160,
available.—V.
1022.
p.
Railway Express Agency, Inc.—Air Express Gains—
air;
of
Weight
lines in
handled for the nation's commercial air¬
over the same month a year ago, according
were flown
during the
2,750,494 pounds in July, 1943, the report
express
10.8%
July gained
Express Division/,: An estimated 3,050,000 pounds
the 45,000-mile
network of the domestic airlines
Air
over
month,
with
compared
indicated.
increased
6.9%,
moved
shipments
of
number
137,145
estimated
an
in air express service in July
shipments being carried comr
1943.—V. 160. p. 1231.
.
to
make
53.2%
+
4,546
+
.'V
.
Net
from
ry.
1942
1943
1944
1941
railway..—
$9,791,949
$9,938,944
$9,164,065
$7,204,783
railway______
2,859,902
3,469,939
3,778,591
2,794,188
income___
995,175
957,708
2,063,767
1,601,915
railways-
71,815,969
76,768,415
66,534,856
51,100,132
railway——
24,443,048
26,143,520
24,521,019
17,498,343
income-—
9,725,355
12,198,078
13,035,758
10,692,919
from
oper.
.3%
from
Gross
—
15.5%
675
—
6,917
Net
from
Net
indus¬
1—
trial loans
Earnings—
Reading Co.
August
Gross
:
ry.
—V.
oper.
160,
1022.
p.
Regent Knitting Mills,
(
Condition Statement of Member Banks
The condition statement of
banks
of
the
Federal
weekly reporting member
Reserve
System
101
in
leading
Ltd.—Control—
•
been acquired by Hyman
Knit-to-Fit Manufacturing
Co., Ltd., it is announced.
Mr. Grover stated that no changes were
contemplated in the ■firm at present and that ;it: would continue to
operate under its own name.—V. 156, p. 1334.
%
Controlling interest in the company has
President of Grover Mills, Ltd., and
Grover,
r
principal changes for the week
Sept. 20: Decreases of $373,000,000 in demand de¬
cities shows the following
10-15
10-19
ended
posits adjusted, $330,000,000 in United States Govern¬
ment deposits,' and $300,000,000 in holdings of United
States Treasury bills and certificates.
10-19
9-25
11- 1
$75c
$$1.75
radial
From Jan. 1—
7
12- 1
11- 1
11-15
11-15
$12.70
makes penstocks for hydroelectric projects
equipment for oil, chemical, paper and other indus¬
concrete and brick chimneys and installs piping
company
9-27
10- 2
10-16
10-16
11- 1
10- 2
10- 2
10- 1
Jersey
5,876,479
+
597,563
37,424,391
Ratio of total res. to deposit &
Commitments
$10,535,326.
liabilities
current
Chairman
refineries.
Its main plant is located
Subsidiaries at the end of 1942 included the
and the Kelley Corporation.
It also owns
jointly with Diamond Alkali Co. the Diakel Co. of Ohio.
The Kellogg company has an authorized capitalization of $5,000,000
of 7% cumulative preferred stock, 5,760 no par class A shares,'100,000
no
par class B shares and
1,940 shares of $100 par value common
stock.
The number of outstanding shares of each class of stock is
in
Net
Total liabilities & cap. accts._
11-15
10- 2
is closely held.
The latest avail¬
showed total assets of S25.137.457,
and
systems for power plants and oil
27,686
+
+
2b.»65
9-12
11-15
1942,
incorporated in Delaware in 1920 and M. W. Kellogg
of the board.
was
and
builds
Canadian
9,893
+
54
188,097
9-20
12- 1
12- 1
10- 2
10- 2
declined to comment.
company
of
assets, $19,751,642
Kellogg
It
end
and
-
9-22
10-16
Kellogg
of the
pared with 128,245 shipments in July,
Capital Accounts—
19 that this
Kellogg Co.,
contracting concern.
circles on Sept.
engineering
two companies
the
as
company
The
159.873
9-20
1,080,397
+
436,907
1,394,793
deposits
Deferred availability items
Other liabs.,
in
current
The
to
'
the
of
record,
tries.
54,492
+
11,693
8
10-16
Co.—Reported Negotiating
financial
in
industrial
and specialty steel
198,544
—
■143,141
1,262,346
—
Other
8
circulated
were
President
not
Member bank—reserve acct._.
1
9-
+
Deposits:
11-15
12-
6,302
—
Liabilities—
9-25
10-14
9-15
9-15
9-15
9-15
9-15
9-20
Commercial,
creased in most
9-20
9-22
9-15
9-11
9-
5
9-11
industrial,
and
agricultural
in¬
loans
districts, the total increase" being
$40,000,000, and loans to others for the same purpose de¬
creased $124,000,000, "Other" loans increased $29,000,000.
Holdings of Treasury bills decreased $153,000,000 and
of Treasury certificates $147,000,000, while holdings of
United States Government bonds increased $59,000,000f
New York
deposits
adjusted decreased $233,000,000
City, $79,000,000 in the Chicago
$373,000,000. Time deposits increased
of
that
the
company
$4.50 cumulative
1944, at $100 a share.
Richmond Fredericksburg & Potomac
Gross
from
Net
from
Net
ry,
railway—'—
railway—'
oper.
1943
1944
' '
income—.
/,
-RR.—Earnings-*
1941
1942
$3,019,300
1,440,168
226,650
$3,081,745
V $2,519,478
$1,124,090
1,836,862
1,581,192
460,773
330,316
93,023
25,616,949
13,685,232
2,227,132
24,766,470
17,184,511
9,136,547
14,843,515
9,661,021
3,657,887
2,703,262
1,853,351
1,868,163
237,406
;
From Jan. 1—
Gross
from
Net
from
Net
ry.
District, and
$48,000,000. United
announced
shares
31,
August—
in
$36,000,000 each in the Cleveland and St. Louis Districts,
$47,000,000 in the San Francisco District;
the net decrease at all reporting member banks was
Inc.—To Retire Part of Preferred
plans to retire 84.932 of it$
preferred stock outstanding as: of
Notice of the retirement is scheduled
to be issued around Dec, l. or 30 days before the Jan. 1 preferred
dividend payment date.—V. 160, p. 1231.
V
is
It
184,932
March
—-V.
and increased
Rand,
Remington
$39,-
000,000.
Loans to brokers and dealers for purchasing or
carying United States Government obligations increased
Demand
Westmoreland,
Ltd. (quar.)
Westvaco Chlorine Products Corp.—
$4% preferred (quar.)_
by this corpora-for the week
1,300,580
,
Other assets
10-16
The
9
3,480
,
37,424,391
Bank premises
9-20
Stationery—
(George)
companies served
operating
the
has made tentative offers to purchase the M. W.
stock
able
is
81,895
F. R. notes of other banks
7,405,128
+
123,520
16,698,547
Due from foreign banks
10-18
10-16
$3
Western Union
Weston
Corporation and
Engineering & Service Corp.—Output—
of
privately-owned
with
Total loans and securities-
5-26
Securities Co.—
(accum.)_—_____—
&
14,345
output
Reports
All
38,911
2-26
11-1
11- 1
45c
$1.50
(irregular)——
Water Service, $6 pfd. (quar.)
Western Department Stores—
6% preferred (special)
._l___
6%
accounts,
Engineering Concern-
+
securities
(incl. guar, sec.)
11-27
50c
25c
12 %c
25c
25c
—
West Virginia
Grocers,
Gov't
Pullman-Standard Car Mfg.
for
—
2
7-
5,047,711
10-10
—_
preferred
126
Sept. 23. 1944, total 192,159,000 kwh., as compared with 192,155,000 kwh. for the corresponding week last year.—V. 155, p. 2462*
Officials
12-23
(quar.)
$$1.75
Steel Foundry
convertible preferred (quar.)
43%c
preferred (quar.)
17%c
Penn Electric, 7%' preferred (quar.l__
$1.75
preferred iquar.)_
—$1.50
Penn Power, 4%% preferred (quar.)—
$1.12%
% preferred (quar.)—__—____—__
$1.12%
Point Manufacturing
(quar.) _________
75c
Texas Utilities Co., $6 pfd. (quar.)
$1.50
7%
105
+
(formerly reported by Standard Gas & Electric Co.)
tion
•
Total U. S. Govt,
2
Power & Light Co. Ltd.—
Western Insurance
Electric
5,000
-
1,243,426
9-15
10-
11-1
12- 1
12- 9
10- 2
preferred
Western
99
+
73
(Continued from page 1408)
4,500
73,500
+
1,067,371
•
*
+
-102,911
fO, 647,972
,
_
Certificates
9-20
1-2-45
50c
Virginia Pulp & Paper
+
—
5
accounts except
S.
Public Utility
3,057
—
9-21
$1.75
West
deposit
U.
and
9
•
75,385
+
83,487
•
U. S. Govt, securities:
9-15
West Michigan
7%
3.909
1,338
—1,044
investment News
11-29*
10- 2
$1.25
$1.50
—
West Kootenay
demand
during week
347,909
+-
•
.
15
+
18,913,743
Total reserves
25c
(quar.)
Oil & Snowdrift Co. Inc.,
Extra'
164
•
Sep. 29, '43
2,120
264,510
^
F. R. note liabilities combined
—
Co.,
to
—
:-+■
868
Borrowings—
-—1,711,149
63,800
■
478,668
Other cash__—
$2.50
iquar.)__
____
Weinberger Drug Stores
Wentworth Manufacturing
8,820
Foreign banks
) or Decrease
Sep. 20, '44
18.170,565
Redemption fund—F. R. notes—
33%c
62,/2c
(quar.)
(quar.)
Co
+
48
+
—330
hand and
on
due from U. S. Treasury—.
9-15
$1.50
A
com.
*
+
—373
7,214
-
t
.
(quar.)__
A
Waukesha Motor,
5
164
—
(— ) Since
Sep. 27, '44 t
Assets—
Gold
_____—.
B
Washington Title
523
«
deposits-
General
thousands of dollars).
9-20
$1
$1.75
$1.75
$$1.25
(quar.)—______
Washington Railway & Electric—
5% preferred
(s-a)__r_
5%
preferred (quar.)_.
—•.—___
Class
$2.50
42
8
+
—
Interbank deposits:
Increase ( +
62,/2c
—
$1.35 Class
+
16
—
2,127
35,522
—_—
Co.,
Brothers
—
9,181
9-20
62% c
'
50c
$2.50
10- 1
'$2.50
10- 1
<4 Virginian Railway, 6% preferred (quar.)__
37'/2c
11- 1
6%
preferred (quar,)
—__
37%c 2- 1-45
6%
preferred
(quar.)
—
37]/2c 5- 1-45
6%
preferred
(quar.)
37'/2c 8- 1-45
Vulcan Detinning, 7% preferred (quar.)
$1.75
10-20
Wabasso Cotton, Ltd. (quar.)
—_.——
$$1
10- 2
Wagner Baking Corp., common
15c
10- 2
7% preferred (quar.)
—__
$1.75
10- 2
$3 2nd preferred (quar.)
75c
10- 2
Waldorf System, Inc. (quar.)________.
25c
10- 2
Walker & Co., $2.50 class A (quar.)621/zc
10- 2
Class B (irregular)
5c - 10- 2
Ward Baking Co., $7 preferred (accum.)_—
75c
10- 2
Warren
+ 3,008
2
...:
Liabilities—
Time
+ 2.467
—1,266
—103
9,160
2,567
3
—
558
9-20
' $2
$1.75
f •
common
—
'
Reserve with Federal Reserve Banks
+
59
+
—
2,960
10
—1,863
9
—
594
10
—
—147
Cash in vault..
$1.37!/2
29
10,815
Other securities
76
—
—153
19,584
263
1
5
—
+
7,376
$1.50
$1.75
'
+
5j
—
-
2,491
;
U. S. bonds
388
—
—
1,328
Obligations guaranteed by U. S. Government
Reserve Banks Combined
9-20
9-20
10- 2
10-31
10- 2
10- 2
$2
—
(s-a)
40)
+
3-16
6-16
10-14
10- 1
12-20
(quar.)____
(quar.)___
(quar.)___
Viau, Ltd., 5% preferred (quar.)_.
•
Vicksburg Shreveport & Pacific Ry.—
(s-a)
334
Treasury notes
Condition of the 12 Federal
of
Statement
77
—124)
679
46
interbank
9-16
V
1,065
Debits
12-16
10-14
—
common
preferred
:
Treasury bills.:
Treasury certificates of indebtedness
this dividend.
for
298
—
v
carrying:
or
obligations
Other loans
12-15
25c
preferred ( quar.)___
Vapor Car Heating, 7% preferred
5%
purchasing
tax
closed
not
+
818
621
Loans to banks..
tPayable in U. S. funds, less 15% Canadian non-residents' tax.
tPayable in Canadian funds, tax deductible at the source.
Non¬
resident tax. 15%: resident tax. 7%.
a Less British income tax.
9-30
$1.75
40c
50c
30c
1st
Common
Jamaica income
books
39
pur¬
Real estate loans
9-8
9-30
—
30%
•Transfer
12-15
87V2c
Cap,
Co.,
for
+
ended
8% preferred (accum.)
Upson Co., 7% preferred (quar.)
_____
Utica Knitting, 5% prior pfd. (quar.)__—_
5% prior preferred (quar.)
Upressit Metal
Van
xLess
11-15
11- 1
—
(N. Y.)
dealers
10-16
10-20
68%c
6,055
obligations
U. S. Government
10- 2
10-10
(quar.)_.
»
4,62$
—
,
Other loans for
50c
Co., common (quar.)
(J. S.)
2
2
2
2
+
20
—
-
U. 8. Government
9-20
8-24
9-20
9-20
9-20
15c
Quarterly
9-15
10- 5
10- 2
10- 2
37>/2c
50c
$1.75
—
Tobacco, common
Leaf
Universal
2
(irregular)
preferred A (quar.)___
:
Zion's Co-operative Mercantile Institution—
9-19
preferred (quar.)_______—
8%
1010101010-
Towne
preferred
and
S
—275
agricultural
Other securities.
9-15
9-15
50c
$6Vic
20c
$1.50
$1.75
5V2%
9-19
7%
States Trust Co.
United
Universal
Mfg. Co
Park & Curry Co.
and
-
brokers
to
.
chasing or carrying:
9-25
10- 2
10- 2
•
9-22-43
$
54,766
loans___;
Youngstown Sheet & Tube—
10-16
10- 2
(quar.)_
preferred A (quar.)
preferred A (quar.)
preferred A (quar.)
6.4%
&
7%
10- 5
preferred
$5
Yale
'
10,946
industrial,
Commercial,
Loans
9-13-44
8
.
Loans—total__
9-30
10- 5
$1.75
$1.50
preferred (quar.)__
Yosemite
10-16
' *
Loans and Investments—total
Other securities
Wrigley (Wm.) Jr. Co., common____„_____
Wright-Hargreaves Mines, Ltd.
Wrisley (A. B.) Co., common
6% preferred (quar.)
9
Assets—
9-12
15c
25c
(quar.)
7%
Increase (+) or
•>.. -
(quar.)___
B
50c
Plywood Corp., common
S.
A
preferred
Young
(quar.)
4i/2% preferred Class B (initial quar.)—
$1.12y2
10- 2
4%% preferred A (quar.)
:—$1.183/* -JO- 2
U. S. Printing & Lithograph 5% pfd. (quar.)
62»/2c
10- 1
6% convertible preferred A (quar.)—___
62'/2c
10- 1
U. S. Sugar, $5 preferred (quar.$1.25
10-16
$5 preferred (quar.)—
$1.25 1-15-45
$5
preferred (quar.)_.
$1.25 4-16-45
U.
preferred
62'/2c
preferred
Leather,,
S.
7%
6%
(quar.)_~_
(quar.)„__
i
prior pfd. (quar.)___,___
U. S. Pipe & Foundry, common (quar.)_____
United States Playing Card Co. (quar.)____
7%
2
10-
;•,
millions of dollars)
Decrease (—) Since
9-25
10-16
9-12
Refining & Mining-
Smelting,
Common
U.
10- 2
10-31
10r 2
(irreg.)___
Inc.
5
$2.50
10c
preferred (quar.)—.
____________
U. S. Gypsum Co., common (quar.)__
7%
preferred (quar.)___.
—______
U. S. Hoffmann Machinery, 5%% pfd. (quar.)
S.
Industries,
•
9-20-44
10-16
15c
Woodall
(quar.)
(irreg.>_
6%
U.
—
Worthington Pump & Machinery Corp.—
9-11
10- 2
——
common
11- 1
Woodward Iron Co
9-
10- 2
.
Publishers, com.
&
$2 preferred (quar.)
Machinery,
United Shoe
(quar.)
5
9-21
10- 2
1-2-45
4-2-45
7-2-45
50c
———.—-
RR. & Canal Co.
United New Jersey
United Printers
$1.25
$1.25
$1.25
$1.25
preferred
participating
$3
preferred (quar.)
6% pfd. (quar.)__
•
of the assets and liabilities of reporting
(In
%
———-—
Products Co.,
12-30
11- 1
Extra
10-17
58Vac
58V3C
58V3C
58'/3C
$1.25
preferred (quar.)
5% preferred (quar.)__
5% preferred (quar.)_.
5% preferred (quar.)
5%
Oil
Wiser
10-31
10-17
10- 2
10- 2
& Manufacturers—
Merchants
7%
Co.,
Wisconsin Electric Power,
;
summary
member banks follows:
9-25
10- 2
11- 1
A
9-1
10-16
11-15
10-16
Extra
10-14
.
United
$6
9-16
11-15
deposits
was
9-22
9-22
$1.75
$1.50
25c
preferred (quar.)______—
Winnipeg Electric, 5% preferred
Winstead Hosiery (quar.)_-__
______
Co.,
Wilson &
9-15
10- 2
decrease
10- 2
$25c
$1.50
$$2.50
$1.50 %
(quar.)
Wilsil
9-20
9-
11- 1
11-1
10-14
decreased in all districts;
$330,000,000.
Borrowings of weekly reporting member banks were
$164,000,000 on Sept. 20, an increase of $73,000,000 for
total
the
the week.
9-15
10-16
10- 1
' 10- 1
$1
Ltd.
9-22
10-20
10- 1
$2
(quar.)
9-15
10- 2
11- 1
7%
12- 1
7%
prior preferred (monthly)
_
1-2-45
6.36%
53c
10- 2
prior pfd. (monthly)___
6.36% prior preferred (monthly)53c
1- 1
6.36% prior preferred (monthly)
53c
12- 1
6.36% prior preferred (monthly)—.
_
53c 1-2-45
6% prior pfd. (monthly)
50c
10- 2
6%
prior preferred (monthly)——
50c
11- 1
6%
prior preferred (monthly) —
50c
12- 1
6%
prior preferred (monthly) —50c
1-2-45
7%
preferred
l8%
9-29
9-15
United Light &
7%
preferred
7%
9-
''
Investments—
(quar.)—
Illuminating
United
10c
$1
—
class A pfd.
6%
$37c
15c
—
United Fruit
United
—
Paper,
Whitalcer
9-15
10-31
10c
10- 1
95c ^10- 1
$1.50
10- 2
$2
10- 2
75c
10- 2
—'—
common—
(quar.)——
preferred
7.6%
11-15
11-15
Government
States
Will & Baumer Candle Co. Inc.—
Per
Wheeling & Lake Erie Ry. (quar.)____
Wheeling Steel Corp., common„_
$5 convertible preferred (quar.)—;—_—
8
.
$4.50
of Rec.
Payable
Share "■■■
•"
.75c
25c
$1.25
9-
9-27
1£~ 2
Paper Corp.—
15c k 9-25
Union Carbide & Carbon Corp.—75c
10- 2
Union Electric Co. of Missouri—
, —„
rv— v
Union
$5
Monday, October 2, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
1442
railway—
railway——
income
p; 1022.
oper.
160,
(N. J.)
Riverside
J.
Malcolm
Philadelphia,
fill
V.
the
Johnston,
Vice-President
of
the
Girard
Trust
Co.
of
has been elected a member of the board of directors to
caused by the decease ot George H. Stuart, 3rd.-l-
vacancy
159, p.
Metal Co.—New Director—
2310.
Savannah Electric & Power
July 31^:7
-Period End.
.
$392,472
189; 669
167,987
2,295,151
1:
262,076
34,158
34,083
;
409,828.
73,641
73,383
Depreciation
oper."
Int.
and
9,023
■
transfer
Drl5,804
stock.—V.
$796,627.
$791,57.1
South
dividends
31,262
7:'. 33,104
390,350
387,105
$32,802
$406,276
60,000
$404,465
,
,
J™
;
.requirementsf™77./777
The City
He
,
will
of. the
first
$2,000,000 within
mortgage
the
from
fiscal
current
'
6 Mos. Ended
Net
667,756
_—;™™™
414,000
75,000
-
provision for contingencies--,
Net
Net
1
income
income
for
period
share
per
of
statement
™
-
for
Balance
•
ended. July
months
July
Sheet,
and in banks,
Assets—Cash on hand
of
six
the
31,
31
1944
the
reorganization plan
of
stantial amount of
value
The
has been
this effect
is
a
asked by Southern Union
holding company After
a
to
are
160,
the
said.
all
and
made
be
completed.
are
consummation
ol
to move
J:
from
,
from
1944
$176,915
62.743
21,898
railway-—
railway™
income—,-
oper.
Liabilities—Accounts
payable, $298,694; Federal taxes on income
(less $200,000 Treasury tax notes to be applied in payment thereof).
and commissions, $117,616;' property
and other
taxes. $116,770; other accrued expenses, $19,101; reserve for wartime
adjustments and other; contingencies, $455,000,
common
stock ($1
paid
$145,000;
pari,
in
total, $4,657.881.—V.
158,
surplus, $84,016;
p. 1539.
earned
surplus,
Net
from
from
railway—
railway
Net ry. oper. income—
—V. 160, p. 1023.
However, certain accounting
servicing arrangements are to
Commission
Sept.
on
19
approved
an
amount
arrange¬
of
50
1943
$149,440
42,409
16,230
■
the company will immediately reduce by $6,357,561
the original cost of its electric properties;
;
The Commission says the actual original cost is $25,082,418, and that
$6,357,561 which is being taken out of the electric plant accounts
"write-ups, intercompany profit on engineering and super¬
vision fees, and other excess over original cost."
The Commission
said the new arrangement
was recommended
by
staffs of the FPC and the Pennsylvania Public Utility Commission,
represents
and
accepted by the company
ferences.—V. 159,
p., 2528.
I
afters years of investigation
and con¬
1941
$93,363
Seiberling
rate 5% )
Rubber
of
maturity
each
in
int;
at
the
at
case
plus
at company's
int.)
option
on
the company shall have the right to
cancellation 5% bonds of this issue at par.
;.v '".V
Companies registered under the Canadian and
panies Act. 1932 (Dominion).
Company
of
tires
in Toronto,
operates,
and
owns
manufacture
60
and
for
tubes
a
trucks,
and
cars
,
2102.
■ ^
'.7. .7 ;.%7'v;
; ;
Gross
inc.
after
Net
—V,
160.
p.
$226,431
The
$100,
directors
were
were
be
issued by
in
directors
of
general
also
See
their
of
the
financial
operations,
160,
as
1119,
pp.
will continue
Crane
Mr.
company.
company's
well
671,
the
as
572
to
subscribe
to
the
to
held.
Chase National
Trust & Savings
27:7 7,77'77 7.7
enable the com¬
related
fire, marine and
V. 160, p. 1334.
booklet has just been
company
reports the Government recovered $32,500 through
renegotiation of contracts for 1342 and the refund was paid in cash
on Aug,
15.
This effected a reduction, 01 $61,750 in net ipcome for
v.
after
adjustment of
p. "872.
160,
Net
grcss
arid Federal income
revenue
%
taxes.—
7;7'v-%
1944
1
sales
,
$18,504,079
1
1943
$4,732,379
41,996.
18,232
$18,546,077
$4,750,613
products
15,150,059
administrative and general expenses™. 7 513,690
charges and commitment fees-.._.___^
121,446
lines
Total
4,099,242
income
Cost .of
Selling,
Interest
Miscellaneous
Prov.
for
Normal
-
deductions
post-war
reconversion
of
plants.™™
inc.
Post-war
Net
It is entitled "Standard
*
refund
of
profits
excess
4.000
Value
565,000
i
tax
profit
paid
per
48,021
150,000
102,000
1,590.000
Crl59,000
$613,321
Dividends
Earnings
336,946
1,562
tax, surtax and declared
'. excess - profits tax;^-.__^™™„^i_%
Excess profits
of
issued which summarizes the war
in-the War."
(Indiana)
plants and facilities operated by Standard of Indiana and
cost in the neighborhood of $90,000,000.
Included in
war
$160,403
45.000
150,000
.
share
common
$2.04
Comparative Balance
subsidiaries
built
by
Government
the
Defense Plant
for
Isomate unit
fof
the plants
which
of
Tools
facilities
dies
and
Claims
be
to
reimbursed
by
U.
in
process—to be billed to
Investment
in
.
have
been
at
Whiting,
Wood
River
and
-
installed
at
Whiting
and
Wood
River
war
cust.
for
power
there
Whiting
is
$2,507,487
679,450
704,604
Salt
47,051
53,427
574,162
601,198
f
556,052
subsidiary
(not
8.949
264,815
1,004,867
956,328
71,041
contracts
consolidated
2,655*309
113,314
128,629
i™_
~
Investments
Property,
Patents
other
and
plant,
and
and
patent
assets--
equipment
256,236
„w.-_
(less
1.155.264
reserves)
licenses-
92,993
1,234/216
32 394
35,793
168,393
$6,382,675
$3,262,862
$2,864,730
655,290
500,611
221,428
charges'
91,725
$8,286,538
Deferred
;
198,102
;
Liabilities—
Notes
payable
Trade
Pay
to
banks™
accounts
rolls
payable™
■
Dividend
to
these and other expanded wartime operations.
At
a
steam generating plant capable of producing
1,000,000 pounds per hour of-400-pound pressure steam, a water sta¬
tion capable'of pumping 90,000,000 gallons of water per day for cooling
purposes and added water mains and sewers to handle the require¬
ments for. all wXr expansion building.
' i-",
■"%
"At Wood River a new plant is capable of producing 720.000 pounds
furnish
,
.
utilities
"New
operating
now
are
1943
$561,324
S.
j.-
arising under terminated
Inventories '
"Alkylate, which has a high octane rating, is regarded as an essential
of 100-octane fuels.
Operation of the four plants will
a great increase in the amount of fuel that can be delivered
.the fighting .air forces.
'""r
\
Y
'
"Butane
isomerization
units,
producing
hydro-carbons
for
the
process,
V
of
Government.63,065
1944, designed
Whiting and Wood River, Pan American has one at Texas City and
Co. has one at Salt Lake City.
; ;
%,
-1,
'
1944
certificates
$0.53
;
30
deposit and
on
S.
Cost
Corporation.
completed at Whiting early in
was
June
on hand
$3,705,615
indebtedness, at cost plus
:/■-.?•.
accrued :'interest;502,138
Trade accounts receivable (less reserve)-.™-™
1,010,749
U.
companies
the
Sheet,
Assets—
Cash
operation since the Spring of 1944. /% ; ■ •;v % ;... >. ,777:;
"Four large plants for the production of alkylate, a basic component
in the manufacture of aviation gasoline, have been built by Standard
Oil Co. (Indiana) and its subsidiaries.
Standard of Indiana has two
Salt Lake City.
147,
super¬
comptroller's
and 471.
The
■,
Other income
a new company "which
individual capacities are
$2,640,421
declared, payable July 10, 1944__™__
Taxes; other than taxes on income.™™
Accrued
interest
Federal
taxes
Treasury
and
commitment
income
on
botes,
tax
(est.)
64,221
72*022
2,545
8,963
fees™™™—.
(less
U.
S.
at
cost
plus accrued
;™_u-^.-i_-™j:™™«--,™;™
interest),
75,000
666,589
■
Reserve'
™™.:-;™™™-_™-.™?r™-,„^.-™^^-:_^>
Common
stock
(par
%
12,955
150,000
300,000
30*0*000
construction of a new high prssure boiler plant.
per
declared
Sinclair Refining Co.
a
dividend
of
$3.62'/a. - per
on
the
Lake
p.
123.
.
.
......
600-pound pressure steam and 7,000 kwh. of power.
the Utah Oil Refining Co. provided the funds
City,
new
units
share
on
stock, will
built for
1 ,/
Chairman of
on
Sept. 21,
the
1944,
Standard Oil Co.'s aviation gasoline
methods to produce a greater
war.
With capacity for a daily
of approximately 1,150,800 gallons of 100-octane aviation
units are a large factor in supplying the nation's ayiation
utilizing
are
higher grade
He was the brother of Harry F. Sinclair, President-
160,
of
hour
This
is
more
new
gasoline/for
than
the
total
100-octane;
aviation
At
for
gasoline produced
gallons of toluene a "day from its. Whiting plant, more than. was
produced per days in the entire United States during World War I.
The Texas City plant has a capacity of, approximately 42,000 gallons
sent to the Bay town plaht.
Whiting plant for the xylene fraction is
approximately 32,000 gallons per day, while'the Texas City plant has
a capacity of approximately
16,800 gallons.
;>
•' •
"Since. the
Government's cancellation of the
Rubber Synthetics
plant at Gary and cf the so-called "quick" butadiene projects, the,
Standard Oil Co.
(Indiana) has not been directly engaged in any
.
,
Paid-in
surplus
Earned
surplus
_i«-;^™™™J™-'
771,594
—V.
159,
p.
2568.
7
771,594
2,117,008
1,653,688
$8,286,538
■
pro¬
amount of
production
fuel, these
fuel needs.
daily by the American Petroleum Industry before Pearl Harbor.
"Standard Oil Co, now has the capacity to furnish more than 58,000
per day, some of which is
-"The
capacity* of the
(Maine)—-Obituary—
Sinclair, President of this company and
Committde of the Sinclair Oil Corp., died
Corp.—V.
to
stock
61,713.
,
Oil
the
board
transact
to
32-page
alkylation
;7:7
qnd Nov. 1. $1,627 each, and Dec. 15, $3. ;
Following the -dividend "just declared, accruals
to $9.62Va per share.—V. 159, p. 2528..
Sinclair
light
the
-
Standard Oil Co. (Indiana)—Issues Booklet—
: to
amount
of
9
result in
accumulations'1 on the .6%% cumul. preferred stock,' par
Nov.r 1'to holders of record Sept. 30.
Like amounts
paicLon Feb". 1, May 1 and Aug. 1, this £ear.
Payments in 1943
as. follows: Feb. 1 and May 1, $1,62(2 each; June 15, $2; Aug, 2
-
National
the
Mr.
component
of
EarlW.
all
business."
insurance
at
payable
Executive
Oct.
record
of
Utah Oil Refining
Ltdf1T7I$$,kp2 lk Accumulated Dividend—
in New York, N. Y.
common
agents
the
of
organizing
"The
have
'
Standard Products Co.—Earnings—
in
the
vessels
the basis of one new share for each share
on
par
buy
pany to
members
gram
account
of
week.
Years Ended June 30—
produce at a rate of more than 175,000 gallons per day.
Another
at Salt Lake City, with a capacity of 35,000 gallons per day, has been
1232.
Simpson's,
director
a
last
departments.—V.
a
55.411
$240,679
„7":
income -l—7_—•'
vessel—the
the
.;./7
Vice-President
a
announced
the
1942,
>■;'
registration statement covering
stock.
Company is offering to
the SEC
are
the Detroit Trust Co.,
and the Bank of America National
Warrants expire on Oct.
Proceeds will provide additional general funds and
"An
retire.
accruals
reserve
control
Government
ports.
One
Charter of six of
Standard Oil Co. of Ohio—Renegotiation—
to
and
1944—12 Mos.—1943
Welch,
was
tax
Co;,. Detroit—Registers
Insurance
San Francisco.
$17,000,000
,7: * ,7 -■, [:. cy,yY:y 77;/ /:.% ;/
1944—Month—1943
Operating' revenues 7™
<.'
7;': ,'i-
Sierra Pacific Power Co.—Earnings—
Period End. Aug. 31—
at
Association,
have
sundries,
Quebec, St. John, Calgary, Regina, Saskatoon and Vancouver.—V.
p.
under
Coast
>:Y-:-Y,.y:- V/.-, 7v:
and
about $66,000,000 for aviation gasoline plants, $17,000,000
and $7,000,000 for other special plants and facilities
necessitated by the companies'
participation in the war effort.
Of
the total cost
$73,000,000 is being paid for by the companies and
:".'77
modern plant for
Gulf
torpedo.
American.
tankers, under,
requisition in the
ocean
will become Treasurer of Standard Oil Co.
it
elected
this figure is
British Insurance Com¬
passenger
by
terminated."-
vise
for toluene plants
consisting of hot water bottles, tobacco pouches,
bathing caps and similar items.
The company maintains branch
Pffices in Toronto, Montreal and Winnipeg, and has distributors in
rubber
stock
"New
Coupon bonds in denom. of $1,000 and $500.
Registerable as to
principal only.
Trustee: The Montreal Trust Co. In the opinion of
counsel, these bonds will be a legal investment for funds of Insurance
.
631,616
202,977
.125,279
;20,-'194|;^?Vf«.i60^,,p.,;;:^65.,■•.;7;7„/,
stockholders
common
new
Its
In lieu of
trustee for
tender to the
from
P.
Pan
The booklet, in part, stated:
any
addition, pay into the sinking fund an amount of $25,000.
sunk
operated
were
emergency
v
City Bank of New
(New Jersey) on Oct.:
Welch, who has 25 years of
experience in foreign banking, will suceed J. E. Crane, who was recently
declared on the $5 prior
activities of this company and its subsidiaries.
5(1
cash,
'
pec.
on
Company has filed with
175,938 shares
($10 par)
A
100
York'—was
D.
York,
payable Oct. 1 to holders of record Sept. 22.
A like
cn April 1
and July 1, this year. The previous
prior preferred stock Was an initial of $3.50 per
Standard Accident
/.
Oil Co.
time as follows• the 3% ''< serial bonds at 101
sinking fund bonds at 103 plus int. up to and
incl. Sept. 1, 1948, and thereafter at 102 plus int. up to and incl.
Sept. 1, 1952, and thereafter at 101 plus int. up to and incl. Sept. 1,
.1955,- and thereafter at 100 plus int. until final maturity.
A
sinking fund applicable to the 5% bonds will be created and
maintained and the company shall, on Sept.
1, 1946 and annually
thereafter on Sept., 1 in each year, pay into the sinking fund an
amount equal to the interest upon all bonds redeemed, and on Sept, 1,
1950
and annually
thereafter on Sept.
1 in each year, shall, in
notice
plus
These
barrels
v
the
the Government under
to
over
•'■■
...
company
Leo
24,000
With SEC—
Sept. 1, 1959.
/ Principal and interest (M-Sl) payable in lawful money of Canada at
principal office of company's bankers in Toronto, Hamilton, London,
Montreal, St. John, Halifax, Winnipeg and Vancouver. All maturities
of this issue are redeemable in whole or in part (prior to their final
days'
the
Subscription
Co.
helped in the
Standard Oil Co. (New Jersey)—New Treasurer—
7
36,586
/;
937,181
417,329
221,813
1,356,053
645,503
210,508
1,400,006
446,457
160,442
Bank, New York,
Canada, Ltd.— Bonds
Offered—Harrison & Co., Ltd., Toronto, recently offered
in the Canadian market $500,000 1st mortgage (closed)
bonds at 100 and interest.
Bonds are dated Sept. 1,1944,
and mature $20,000 annually (coupon rate 3Vz%) each
Sept. 1, 1945 to 1949, both inclusive and $400,000 (coupon
:
subsidiaries' vessels
.
1942
$182,493
93,766
41,830
disbursed
was
payment on
share made
the
■
-
cents per share has been
estimate of
book
of
addition,
In
when anticipated costs for patent royalties did not materialize.
160, p. 1024.
; •'
-'7
/;
—V.
Stahl-Meyer, Inc.—50-Cent Prior Preferred Dividend
preferred stock,
Electric Co.—To Cut Valuation—
Power
which
under
ment
its
Federal
after
and
obsolete.
,
;
.<
Scranton (Pa.)
become
7-7/ 77/,7\ 7:77'
$2,242,188;
A dividend
The
will
$768,252 for 88 trailers and tanks ancl
have'! been acquired,
What the
the war is difficult to predict. V
which
has voluntarily reduced by $128,800 the amount which
will charge the Government under its current contract to provide
toluene for use in making TNT, it was announced on Sept. 22.
The
reduction, it was stated passes along to the Government savings ef¬
16,
*
':
investment
Saving -to Government—
From Jan. 1—
Gross
millions
been
The
-
$1,179,49?;- payrolls
butadiene
fected
August—
ry.
largest
it
7/' Spokane "International RR.—Earnings—..
Net
have
An
the transac¬
$679,078; cash surrender value
excess
world's
ocean-going tankers,
owned
by
Transport Co., and. seven other:
&
Pan-New
771.
p.
the
eastward.
charter, were turned
early part of 1942.
it no
to declare
transactions
issued When
be
the Commission
certified,
adjustments
will
its 3% %' first mortgage sinking
corresponding amount of bonds.
for
retire
1962 to
in
Commission
longer
order to
tions
due
trustees
with
properties
gas.
fund bonds
be
Co.
oil
big
Petroleum
will
Oil
of
"Seven
panies and apply the proceeds to the purchase of the Texas properties.
Southern Union would deposit the $800,000 proceeds from the sale
of
of these
"Standard
movement
Union for $800,000.
Texas Southeastern would- issue
first mortgage bonds for sale to two insurance com¬
Southern
by
this
the company has appropriated
112 motor tractors, most of
$480,000 of 3V2%
Gross
of
Approves Plan—
to
company
stock,
Net
refund
amendments
holding
former
$369,000
cease.—V,
(less reserves for depreciation and
post-war
approved
a
of
design
.
;-,7
1943
■
now operating as a gas
western Texas and New Mexico,
';'-;7:7'-;'.v.-'-.
Texas Southwestern
Gas Co., a new subsidiary, would issue
company;
amortization, $619,3971. $1,047,profits taxes, $315,500; prepaid ex¬
penses and travel advances, $i9,633; total, $4,657,881
224
has
SEC
The
$1,563,000; land, $84,849; buildings, machinery and equipment, $1,667,-
827;
1944
1119.
1300,
pp.
—Jan, 1 to Sept. 14—
1943
$6,424,956 $242,457,253 $231,459,231,
($2 par) common stock to Southern Union in exchange
and 1,000 shares of $1 par value of Texas Southeastern
under the amendments.
The natural gas facilities serving Austin, Washington, Grimes, Wal¬
ler and Colorado Counties, Tex., would be sold to Texas Southeastern
amount of life insurance, $32,130; accounts receiva¬
reserve
for losses,
$30,000).
$915,864? inventories
(est.),
(less
160,
1944
$6,537,774
Southern Union Gas Co.—SEC
•
common
$150,000 face
ble
Week End. Sept. 14
77:7 77
for
.$222,537%
$1.53
$178,756
—.
$1.23
income
Railway- -Earnings—1
Period—
the
to
,
97,170 shares
1944
follows; Net sales, $6,664,069; cost of goods sold' (est.), $5,745,207;:
selling and administrative expense, $249,785; operating profit (after
provision for depreciation and amortization of $151,798), $669,077;;;
Other deductions—net, $1,321; provision for Federal income taxes (incl.
$304,500 for excess profits taxes less post-war credit' of $30,500),
$414,000: provision for Wartime adjustments and other contingencies,
$75,000; net income, $178,756; dividends, $72,500.
The
Authority, operator of the $57,-
159, p. 2311.
company.—V.
The
1943
$6,618,813
925,537
608,000
95,000
-
$6,664,069
™_:.™™,—'
tax_
Service
Utility in
'
™™.^
^™
for Federal income
Public
Gross earnings
the
1944
sales
Provision
the
—V.
its present sum, $2,400,000, to *
year," he said.—V. 159, p. 2678.
July 31—
Net income before Federal taxes
Columbia
a
Carolina
contribution
contract
providing that the Pan American Refining Corp.," a sub¬
sidiary, provide 760 barrels a day of normal butylenes to a synthetic
rubber plant at Houston, Texas,
was entered into by that company
with the Rubber Reserve Company in October, 1942.
"This aid to the rubber program was made possible by. modifica¬
tions in the plans for a fluid catalyst cracking .until/ proposed for
Texas City.
The original design called for the operation of this unit
under relatively moderate temperature conditions,
However, it was
discovered that it could be operated at higher temperatures to produce
a
surplus quantity of butylenes without affecting the production of
100-octane gasoline.
The changes were made.
;;
;
"An idea of the change from normal procedure that occurred largely
in the next few months may, be gained from statistics on tank cars.
In July, 1941, the company *, had in service in its normal marketing
area 8,100 tank, cars.
On May. 15, 1944, the company had only 1,968
of these cars in that Same service.
The remaining 6,132 had been
used entirely for, this war emergency.
1 /
"The transition from fail movement to highway transport required
a
revision of loading and unloading facilities.
Roadways on •"•which
the trucks operated were not generally adjacent to trackside loading
apparatus, and added facilities were needed at a majority of the
company's bulk plants, refineries and marine terminals... These have
been completed at a cost of approximately $688,000.
At the end of
the war emergency, it is anticipated that deliveries of more than 100
miles to bulk plants will again be made by railroads, and that a sub¬
will reduce the principal
Schwitzer-Cummins Co.-r-Earnings—
-
"A
the
Southern
$41,000
about
save
stantial
plant.
.
amortization payments
amount
preferred
;v;''.;777* "'"7::':7'
7/77
Mayor Fred D. Marehall said an engineering firm In New York had
engaged to investigate the financial and physical organization
of
mortgage.
"Present- plans, when executed,
between Oct. 1, 1944, and Oct. 1, 1946, and
appointed
has
been
Mi;. Marston-said, v'
^^
v / V ('::!7'77'.
V':\77v7 f:
added that Savoy-Plaza is continuing its policy of anticipating
to Metropolitan Life Insurance Co. on the first
bond,
■
of
of
South
The
each $1,000 bond,
On completion of
to $124 per $1,000
on
A
series
Santee-Cooper hydro-electric development, sought to buy the
properties about a year and a half ago, but the State Supreme Court
held that it could not make the purchase.
7777:/ /:•/<••/•■.7\". 7%
according to Hunter S. Marston, Chair¬
Payments of unpaid interest will amount to $95
.
been
convertible
York
New
if has
However,
was owned by Standard Oil and two
companies, the principal personnel were supplied,, by Standard-^
president, the plant manager and the chief technician.
Preparatory
work on the Gary plant had proceeded in close
cooperation with the
personnel of the Neches Butane Products plant; a sister project, and in
that way, Standard Oil personnel can be said to have made a sub¬
000,000
21
and payable Oct. 1 to bondholders of record Sept. 20.
this payment remaining interest arrears will amount
of
butadiene.
of
the
Agent—
(S. C.) began negotiations Sept. 20 for the
company at a reported price of about $39,500,000.
subsidiary of the General Electric and Gas Corp., has
been for sale since the SEC ordered liquidation of the parent company's
holdings.
owner
available in the previous year,
man
of the board.
of
,
production
other
Carolina Electric & Gas Co.—City Would Buy
The company,
in fee of the Savoy-Plaza Hotel in New
announced that at the c-nd of its fiscal year,
July 31, a total of $665,953 was available for payment of interest on
income bonds.
This was an increase of $525,984 over the $139,968
corporation,
City, on Sept.
Co.
shares
Trust
for 90,000
1300.
r
160, p.
purchase
Savoy-Plaza, Inc.* -Makes Back Interest PaymentThis
York
agent
quantity
production of synthetic rubber.
"While ftitbber Synthetics, Inc.,
y
Properties—
60,000
871.
p.
Midland
Marine
$807,375
$65,907
to reduce the authorized capital from
cancellation of 200,000 shares of -common
voted
have
$1,500,000 by
to
Solar Manufacturing Corp.—Transfer
$774,158
22,469
,
$34,011
amortization™
160.
331,589
29,721
401,742
738,625
339,564
$65,272
Balance
—V.
894,783 '
;
$67,302
Drl,396
:
:™—_
Preferred
,
stockholders
stock held in the treasury.—V. 158, p. 2621.
The
(net.)
Balance
"7:
28,164
$56,249
revenues™
Other Income
.
taxes™
taxes7^7-7.™'
..
Net
.
income
The
$2,500,000
.
the
inter-company plan of furnishing surplus raw material
refiners who had equipment to make butadiene.
As a result,
some of Standard's production of
butane-butylene has been used iri the ;
to other
,
fo '216,150
$4,967,586
for
project
acted under the
Authorized ■ Stock—
$4,270,362
1,766,906
19,996
„
1443
Smith & Wesson, Inc., Springfield, Mass. — Reduces
- -:
; '7 ■ ■ ■; •7
%
•':;,
;
' ;.
i
>
1944—12 Mos.—1943
$405,502
___
,
Maintenance
Other
Co.—Earnings—
1944-Month—1943
23,622
Operating revenues
Operation 2—7™-;.;™;./
Federal
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4321
Volume 160
$6,382,675
!
Stokely Brothers & Co., Inc.—Merger Approved—
At
the
a
special
Joint
meeting
be effective.on
was
or
of
holders
of common stock held Sept. 25,
between this company and Crampton
It is expected that the merger will
about Oct. 26, 1944,
•
;
Agreement
Canneries; Inc.
of
Merger
approved.
the merger, Stokely Brothers & Co., Inc. acquired the business
subject to the liabilities of Crampton Canneries, Inc.,
which is engaged in the business of preserving and canning vege¬
tables and other food products.
Included among the assets of Cramp¬
ton Canneries, Inc. is a substantial interest in The W. R. Roach Co.,'*•
which
also'is engaged
in the (business of preserving and canning
vegetables and other food products.
The purpose of the merger is
By
and
assets
,
primarily
to
acquire
for. Stokely
Brothers,
&
Co.,
Inc.,
additional.
production
Capacity' for the
Stokely labels.
for distribution/ under
merchandise
of
,
„
,."
_
...\
purchase
the name of Stokely Brothers
Stokely-Van Camp, Inc.
A
At
stockholders also elected a board or
directors consisting of David M. Milton, John B. Stokely, William B.
Stokely, Sr., William B. Stokely, Jr. and. Frank A. Willard.Upon
the
becoming effective,
merger
each
before
Inc. will be changed to
the meeting,
the common
Co.,
1,
1945;;
The
of
shares
common
yy.y,:v .^y.. \
be
160.
'
■
,
transferred
SI and to
Net
railway
A
railway
from
ry.
income_A
oper.
the
on
York
New
1943
$408,122
A
97,057
142,138
.
1—' ■" -
of
*7,281
the
and
quirements
435,086
131,187
*
Stock—
It
has
Exchange
Stock
York
New
efficient
sewing
the
on
stock
common
Nov. 24, 1944.
earned surplus
of the company at the rate of $34.3333547 per share.
Company has
no: capital
surplus, and this is the full amount of the stated value
per share of 'the 'stock.y'-':"-..'AAA
Estimated
earnings for
the year ending Dec. 31, 1944, slightly
exceed the aggregate of the assigned value
($34.3333547 per share)
of the capital stock to be issued in payment of this stock dividend
and
the
cash dividends disbursed or
to / be disbursed during such
period, but are less than the sum of the value of such stock issued
tes a stock dividend calculated at the market price cn the date of
declaration
plus dividends paid
or
to be paid in cash.—V.
160,
p.
1335.
.'
■' . ■'■•■'vy,V.'AAA /Aa'A- "
■ AaAAA;A •A'vA< A A';,-;
shares
The
payable Dec. 15 to holclers of record
issued, will be charged against the
held,
when
stock,
plans
of Debentures
Superior Oil Co. (Calif.)—Calls $400,000
of 3 Vb %
will
be
'...Nassau
called
been
have
of Nov. 1, next, $400,000
redemption as
for
debentures due Nov. l, 1956, at 102 y2 and interest.
Payment
made at the office of Dillon, Read & Co., paying agent, 28
New 'York,
St.,
Y.—V.
N.
160,
366. A'AAaAAAAtAAa':, A'
p.
Tampa Electric Co.—Earnings—
1944—Month—1943 -:y 1944—12 Mos.—1943 .f
$589,486
$556,556 $7,165,301 $6,438,774
.: /A AA/A /AAtAA/ AV. ' A AAA AAA
"A 99,332
88,117
1,255,802
1,203.125
_A___^__A',
96,240
85,275
1,218,573
1,186,183
Period End. Aug. 31—
Operating
A-
revenues
inc.;; after retire,
reserve
accruals __A
Gross
income
Net
—V.
160,
y
1233.
p.
Association
Terminal Railroad
The
ICC
control
recently
the
of
authorize^
the
Co.: and
Bridge
Louis
St.
of St. Louis—Securities
for
1, 2019, to be exchanged
and Tunnel Railroad of
be sold in the open market
not less than par, and the
of the remaining stocks of
demand note in the face
mortgage 4^ bonds, series C, due July
stocks of the St. Louis Bridge Co.
ment
certain
any bonds not so exchanged to
prevailing market price, but- at
proceeds thereof used for the acquisition
these
companies;
and
(b) a short-term
St.
Louis,
their
at
amount
of
amount;
and
$7,860,000,
exceeding
not
(c)
pledge the
to
bonds, series C, upon their issue,
evidence
to
of
loan
a
Company
.
field.
In
operation
of
security for the short-term note, and upon the
of the St. Louis Bridge Co., and Tunnel Railroad
bonds, to substitute the'stocks so obtained for
the series C bonds;
and upon payment of the loan from the deposit
of cash under the refunding and improvement mortgage and the release
of
stock as collateral therefor, to pledge the stocks under the Ter¬
minal
Railroad
Association
of
St. Louis general mortgage, and
to
collateral
temporary
exchange
of
finished
from
the
subject
mortgage,
trustees
products
believed, however, that an
Nylon,
time
was
Control
Transportation
Acquired
<above.—V. 160,
Buffalo,
Merchants
See
—•
Corp.,
N.
Co,
Acetate
eliminated
are
the
augment
synthetic
1024.
p.
Pacific
&
Period End. Aug.
Operating
•"
$6,815,226
Operating expenses
Railway tax accruals__
rentals (net Dr)
parkas,
chester,
N.
30,347,772
the
:
facil.
Jt.
Dr)u£>.Ul45,024
(net
rent,
3,166
173,721
$549,809
Other
income
Total
avail,
Inc.
y
$4,462,414
$6,145,482
■
60.623
-
54.925
--
516,785
$849,570
$4,979,199
146,553
.65,350
21.067
408,175
and/notions;
draperies
curtains,
plant—floor space 276,500 square
hammocks, tents, ladies* lingerie, slips,
*
1
'
Authorized
Fixed, charges-
i
■■
1>
287,651
$843,256
$6,488,307
"297,514
•
$4,832,646
2,341,596
2,463,283
•
Net income
;
—V.
160.
$301,714
_________
872.
p.
.'.'
$545,742
$2,491,050
$4,025,024
.
$2.50 cumul, prior pref. stock
Common stock
Stock
(this
stock
*Before
for
Debentures Offered—A group
by Blair & Co., Inc., and
bentures with
comomn
detachable
stock.
The
15-year 5%
debentures; priced
crued interest from Sept. 1, 1944,
Dated
(A&O)
1.
Sept.
pavable
1944;
of
1,
in
form
coupon
$1,000
and $500.
1959.
First
principal office of
at
Debentures
trustee.
.denominations
Sept,
due
,
par
Principal
National
in
and
at
fullv
Redeemable
and
ac¬
and
Bank
of
registered
at
option
interest
Boston,
form .in
of the
(3)
feet;
to
date of
the
Purpose—It
(estimated
effect to the
stock purchase
anticipated
is
at $1,794,973)
for
notes
the
of
warrants.
its
general
(including
to
the
reduce
purposes
the
of
current
debentures
any
$739,928
zation
to
corporation
the
advances
may
its
detachab'e
a
purchase
the
in
stock
shares
40
denomination
of
of
debenture
purchase
$1,000,
as
initiaPv
warrant" entitling
stock,
common
or
in
respect
shares
20
of
issued^will
the.'bearer
of
a
to
has
each
agreed
•
and
.
$600,000
Maxwell. Marshall & Co._
Whiteside
&
Newburger & Hano
Co.___A
Waddell
&
Perrin,
150,000
Consolidated
___
not
common
ture
for
in
a
stock
the
on
debentures
the basis
denomination
will
of 50
of
be
shares
$1,000
convertible
of
Cost
sold________
goods
of
and
the
Provision
Profit
Other
for
doubtful
from
-
879,063
29,212
45,962
$1,251,755
$2,089,997
49,139
.63,582
$1,300,894
$2,153,580
164.228
455,873
___________
before
income deductions A
Income
normal
A—
deductions
Federal
Federal
tax
and
surtaxA=-
value
Fed,; declared
exc,
profits
profits
excess
refund
tax
is
It
the
tax
Balance
and
at
Nov.
Balance
doubtful
for
count
current
on
hand
$1,219,849;
by
and
other.
.
the
pavable,
expected, that it will
share per annum.
1,
the
for
the
month
(not
Net
given
three
figures for June and the
Period End. June 30—
income
*Loss.—V.
_______
160,
p.
1335.
preferred
were
re¬
an
all
on
stock
have
will
matters,
general
voting
equal
with
rights
the
including the election Cf direc¬
will have special voting privileges In
with
special
respect
of
the event of .default
payment of preferred dividend for
to
record
meeting.
form,
proxy
filed
Oct.
5.
will
1944
entitled
be
to
statement,
Proxy
Sept.
on
19
with
Twin City Rapid Transit Co.—Registers With
Company has registered with the SEC $7,000,000 4%
due Oct. 1, 1964
The principal underwriter is
bonds,
with
Co..
the
to
B.
others
will
be
be
102.
redemption
The
Jan.
will
be
first
1945.
by
amendment.
SEC—
collateral trust
Dillon. Read &
Offering price
amendment.
the redemption
of the entire
refunding 5'/2%
bonds, series A
toward
lien
bonds
A
15.
filed
he
to
supplied by
applied
outstanding
at
bonds
B
also
will
$10,888,600
and
of
names
public
-
to
are
be
Dec.
redeemed
additional
The
and
1944.
1,
required for
amount
the
the/extent of $2,000,000 from a bank
evidenced by the company's 1 '/•>%
and Vk% serial notes and
other funds.—V. 160, p. 1120.
■. ./.%• AAA'AA' \AAA'A'' .'
,/
loan
from
supplied
to
Union Pacific Railroad—Earnings—
VA A; A/A
(Including Leased Lines)
Period End. Aug. 31- A ;
1944—Month—1943
A"
■' > / AA
$
Railway
oper.
revs.A
45,321,171
Railway
oper.
exps.
26,533,641
*
'
To yes
A
.
rents—net
charge___
1944—8 Mos.- -1943
,>:
$
*.$
.
'
$
43,236,391 322,363,680 306 247,441
25.404,628 211,849,024 185 562,737
13,419,963
79,396,384
82 945,806
13,827,910
Equip, and joint facility
income
transp.
$186,463;
notes
Inc.
/
/'■•
1,319,771
-
from
7,479,783
1,325,577
opers._:_
'
'
8,194,709
A'A,'1'1 A' AA'/aA'/
vA'
3,639,849
3,036,223
A
1,402,382
10.246,666
income
4,859,607
4,488,605
33,885.155
other ehgs.__'
1,179,541
1,140,976
9,396,873
3,680,066
3,347,^29
29,544,189
23,638,489
' 1,219,758
from
invest;,
and
other sources '...AA
$3,404,338;
other
propertv.
plant
depreciation
and
amortization),
deferred charges, $175,970; other
A :
1
;
• • '
$5,300;
Total
Fixed
and
inc. fr. all Sources
Net
^Includes
trade.
$1,377,630;
$429,738:
liabilities,
accrued
long-term debt,
$195,000;
common
surn'us,
1335.
ended
:
^
Federal
income
'<
;
•'■
/ /
'10,602,069
in
the
months)
12
"Chronicle"
and
months
12
ended
1944—Month—1943
*$103,656
$241,590
Sept.
months
June
11,
ended
30 are
as
P.
9/518,567
30,627,691
as, follows: For
eight months
for
■V.
160, p. 1025,
(& Subs.)— Earnings19*2
1^4
1943
$1,945,770
96,998
37,160
$2,127,673
121,770
1941
$2,079,768
127,272
1700.
1119,
June
30.
follows:
1944—12 Mos.—1943
$304,999
p.
40.146,258
.
?.'*
.
$1,887,972
_;
"2^488,282
5(jo;OOd;
1943, $68,500,000.
/
United Dyewood Corp.
sales
1943. 411
-
6 Mos. End. June 30—
-
excess-prof'itA^axes
and
i;
1944, $11,900,000;
Aug, 31, 1944, $64,000,000;
"■
159.
is
7%
of
Peabody & Co., and Union Securities
underwriting syndicate to handle the sule of
1234.
p.
/
deposits*,'
Third Avenue Transit Corp.—Correction—
The
shares
6,000
Kidder,
stockholders
—V.
into
the sale to general corporate funds.
the sinking fund, the company will also
debentures, leaving $1,500,000 out¬
of
1944,
profit
time
than $4.50 and
be not less
$130,000
that
corporation
Net
statement
Refinancing Plan--*
on
■
other current liabilities,
earnings
.
$267,184
$641,441; earned surplus, $1,271,374; total, $6,666,401.—V. 160, p.
The
AA/:
notice of the meeting
the Securities and Ex¬
change Commission, will be mailed to stockholders on Sept. 29.—V. 160,
______
cumulative ..prior preference stock (par $50). $507,600:
($1 par).
$221,620; paid-in surplus. $194,733; capital
s+rmk
total,
$102,523;
quarterly periods.
at
$1,297,498
380.714
inventories,
investments,
total, $6,666,401.
LHbilFies—Accounts
charges,
deferred
stock.
month of August,
$1,827,265;
$12,432,556; facilities
contract with U. Sf
A.AA/'A'
1944,
May
stock
the
the
receivable,5
trade
(less
reserves
discounts
of
$116,637),
$98,923;
ac¬
equipment
(less reserves
for
$759,583: intangib'e assets. $13,172;
$319,326;
June 30, 1944
'demand
and.
assets,
supplies
:
a
preferred
new
and
$1,256,970
40,528
$478',706
$313,666
$463,396;
$19,588:
$225,000),
.
trade
the
forming
are
preferred
vote
/
accounts
accounts
receivable,
assets,
Sheet,
and
'
$1,116,721;
payable,
the proceeds of
1,
On
tors, and also
12,029.760
396,586
/ 38,698
126,000
86,000
(Cr)
Assets—Cash
receivable,
$763,201;
regular operation
common
52,000/ *A 85,000
'*'126,600
—-39,000
/ A 857.000
J,260,000
484,000
profit—_'_____A__„__
1944
1941. AAv
outstanding; $2,529,625 to redemption, at 103'A, of $2,450,000
3'/2%' sinking fund debentures, due Nov. 1, 1956;
stock,
common
any
of
is
per
understood
The
'
.
in
amount of
on
Corp.
$13,722,014
.976,421
operations
it
$5
balance of
the
standing.
1942
1943
exps.—
income
and amorti¬
1941,
deemed.
to
Years Ended Dec. 31
accounts——.
and admin,
Selling, general
of
.
but
Net
common stock for a deben¬
25 shares of common stock
debenture in the denomination of $500.
now
principal
Statement
allow. $16,013,638 $23,871,561
13,756.250
20,856,540
and
less, returns
in
in
Govt,- securities,
$387,890;
and
$838,206
$69,847
and
Sheet, June 30, 1944
S.
Rayon Corp.—To Vote
Proceeds
June 30. '44
sales
U.
to
$549,343
1942
recapitalization by stockholders, and the sale
of the stock, the corporation expects to allocate $2,023,450 to redemp¬
tion at $110 per share of the 18,395 shares of 7% cumulative preferred
100.000
150,000
Richter Co._____
6 Mos. End.
Gross
Balance
reserve
agreements,
AA
approval of
debenture
respect of a debenture in the denomination of $500, at the price of
per share prior to Oct.
1, 1945, $1-5 per share prior to Oct. 1,
1943, and $17.50 per share prior to Oct. 1, 1647.
Convertible—The
•
than
more
Upon
100,000
Straus Securities Co._—
Income
and
in
special meeting to be held Oct. 20 will vote
on creation of a new issue of preferred stock in an authorized amount
of $10,000,000, of which $7,000,000 initially will be sold and outstand¬
ing.
The dividend rate on the new preferred issue has not yet been
Winslow,
West &
Seherlc,
150,000
Period—
$12 50
'
license
Tubize
125,000
100,000
Inc.
Co.,
_________________
amounted
1942
Govt.,
The stockholders at
/
(
Amount
Mason. Moran & Co._
325,000
1943 figures is $4,435,-
including provision for ; renego¬
tiation, $18,482,037; customers'- and employees' deposits and credit
balances, $1,284,464;, advances from U. S. Govt., $5,024,905 pay rolls,
$810,651; taxes and interest, $1,184,264; Federal and State taxes-on
income (est.) (less U. S. Treasury savings notes to be applied in pay¬
ment
of $15,243,000), $214,234;
long-term debt, $6,500,000r reserves,
$3,803,996; common stock ($10 par), $9,919,750; capital surplus, $96,805; earned surplus, $11,607,957; total, $58,929,064.—V. 159/p. 977.
•
.A.-A
;
S.
fRevised
Richards & Co— $100,000
Hill.
100.000
Davis &
AA
in
(less
U.
t After deducting post-war refund
1943.
depreciation
$699,458
Liabilities—Trade accounts
principal
purchase are as
to
and
'$5.251'
-//"■%;%. /AAA' A AAA '/'A-A/A A'•..'•/A-/ A"/:'
$12,956,108;
with
$58,929,064.
the
and
Name—
Amount
Name—
Blair & Co., Inc
in
*
1943,
determined
time
for
receivable
contracts
consumer
from
renegotiation,
1944
share.,
per
Consolidated
against account^ receivable
underwriter
each
which
debentures
of
1,000,000
■
out¬
$69,482 in 1944,.$71,151
Through
expansion of
the
for
in
to
Common
of
name
^A-A
Govt., $4,700,000; inventories, $18,707,174; investments and other assets,
$2,770,640; property, plant, and equipment, $4,992,251; goodwill, patents,
Man¬
or
stock
com.
$1,425,000 in both
four
Underwriters—The
215,000
4,300,000
AAA AA
and
Note—Provision
and, to the extent of the balance of such net proceeds,
amount
7,700,000
1,250,000
v
,
991,975
$5.01
factored.
being
571,055
5,200,000
29,300,000
1,008,038
proceeds of the debentures
the extent of approximately
net
as
20,007
1,250,000
991,975
U.
available
A 663,135
74,429
114,250,000 fl2,825,000
991,975
t$5.17
the carrying of inventories and such other corporate
post-war)
time determine,
now
funds
492,729
17,855,173
3,964,000
„
used
be
of
286,681
42,526,245
989,296
stock
conversion
that
will
purchase
929,913
19,230,758
2,655,814
S. Government tax anticipation
which will be held for application against Federal taxes thereby
$2.50
Warrants—Each
Purchase
Stock
carrv
redemption.
3,064,557
2,924,191
Assets—Cash,
manu¬
cor¬
poration as a whole or in part or through the operation of the sink¬
ing fund at any time on 30 days' notice at 102 y2%
plus interest
17,362,444
4,972,038
"For 100,000 shs.
on
oversubscribed,
were
42,239,564
4,215,894
Net
purchase of
20,427,001
5,205,190
of
was
use.
common
issue)
any
$1,500,000
convertible de¬
for the
warrants
45,653,465
3,413,902
18,300,845
inven.A
on
profit
retire
headed
Maxwell, Marshall & Co,
Sept. 22 offered $2,000,000
••
,A
2,479,937
.
—
1941
*5,135.751
$240,000
V
*2,000,000
10,152 shs.
*221,620 shs.
10,152 shs.
500,000 shs.
.
i
-
warrants
giving
of
exercise
(par $50)%
(par $1)
purchase
Post-war
Textron Inc.
•
1.983.950
Outstanding
.
Profit
$589,365
/
'A
Al,175,000
taxes—
post-war
accounts
mortgage notes due Sept. 4, 1948— T $300,000
15-year 5% cony. deb. due Sept. 1, 1959
2,000.000
for 1 fixed
'/.-charges -___._A___A
■•
80/';;AAaA
June
1942
4,908,141
Capitalization Giving Effect to Present Financing
$6,553,657
6,314
$610,432
income
Miscell. deductions
.'
$794,645
4,245
r'i'/
< v
AAA-—
'
.
4%
611,963
-
'
Ended
384,576
taxes_;_—
751, -or -$4.47
the corporation operates,
12,784,193
1,357,066
/'/A ;
Years
1943
18,697,693
A * After provision for
in
decrease
shower
jungle
26,261,089
16,817,820
94,651
year.
to
standing (par $10).A'AA-991,975
Earnings per share
$4.95
every
housecoats;
(4) Easthampton, Mass.—sewing plant—floor space 130,000 square feet;
manufacture of
shirts, pajamas and shorts;
(5) Suncook, N. H.—•
weaving mill—floor space 253,000 square feet; weaving of cloth fabrics
from synthetic and cotton yarns.
"
'
Inc.
3.472,583
1,629,991
amounted
on
dividends AA,
which it now uses
materials
H.—sewing
of
facture
Herrick,
.204.954
Account,
1942,
500,000
production
years
to
plants which
chutes,
1944—8 Mos.—1943
2,169,405
.>
have
1,
adj.
Shares
or
raw
synthetics.
post-war
war
due
loss
$5,995,036 $53,158,793 $45,806,972
3,846,034
___
Equip,
pre-
the
for
made
be
July
.—*159,073,741*142,180,869
140,375,748 123,880,024
■/."/' Surplus
three of which it owns,
employ at various times about 3,000 people and are located in: (1)
Lowell, Mass.—yarn throwing plant—floor space 272,500 square feet;
synthetic yarn throwing and processing;
(2) Lowell, Mass.—sewing
plant—floor space 152,000 square feet; manufacture of safety para¬
The
Chace.
1944—Month—1943
A_
performs
approximately 44% in dollar volume of its production
purposes, the balance of 56%
having been for civilian
war
Paul H.
Railway—Earnings
31—
revenues
should
effect
—
obsolesc.
for
Net
textile products
1944
July
for
the
but
for
Prov.
Common
facilities were tremendously ex¬
demands by the Government for
war products of the type manufactured
by the corporation the general
trend in recent months has been from war to civilian use.
During
During
Warren, Inc.
Texas
Income
deductions-
profits
Prov.
synthetic
yarns//are
made
other
basic
elements,/
used
by
Textron
Inc.
and
Supramonium.
After
war¬
it
is
the
intention
of
the
cor¬
processed
yarns
Viscose,
to
additional
with
Y.—
Refrigerating
the
determination
19,082,569
and .State
poss.
and
processed / cellulose
restrictions
poration
amount
&
final
to
well
follows:
Terminals
received,
income
Excess
The
goods.
consumer
synthetic
are
the refunding and improvement
lien of the general mortgage.—V. 160,
the prior
to
in
■/
.AA
other
Fed.
under
1119.
p.
textile
of
products business,
to
prices
1944
income
Misc.
and finishing of cloth) from the processing
the manufacture and sale to the retail trade of
to
chemically
making
these
for
settlement
subject
,v-'
Consolidated
Total
dyeing
yarns
stocks
them
assign
(except
for
of
Louis
St.
Until Govt, re¬
subsidiary were among
now operates primarily in the synthetic
its manufacture of consumer products,
it
synthetic
Types
like
a
refunding and improvement mortgage
and before their exchange or saie, as
It
manufacturing
company
company of
Railroad of St.
Tunnel
through stock ownership.
'/'/;.,/A/ A A, :'A
'A'AA
.Authority was granted to the Terminal Railroad Association of St.
Louis to issue (a) not exceeding $7,860,000, of refunding and improve¬
Louis,
its
and
which had been laid out for the corporation's future expansion,/
the
acquisition by
the
final
is
determination
Operating profit
Other income AAA
established.
were
corporation
highly competitive industry.
a
panded
There
in
from
A
styled, high squality mer¬
chandise and selling direct to the leading retail stores throughout the
country under its own nationally advertised trade name, could compete
successfully.
Plans were therefore made and subsequently effected to
purchase an established weaving mill to insure a supply of fabric
for
the sewing
plants.
In 1943 the excess facilities of the sewing
plants were put to work on the manufacture of sewn products for
civilian use, to be sold under the trade name of "Textron."
a stock
per 100
Aug. 29,
1944, declaring
at • the rate of 10 shares
adopted
directors
the
of
dividend
the
met
were
integrated
,
lution
the
in
made
by the Renegotiation Act.
Company
view
of reduced sales prices and other
since
and'
i:-"'M "z
fully recognized that the manufacture of civilian sewn
was
was
authorized the listing on or
after Dec.
15, 1944, of 283,893 additional shares of common stock
(no par), cn official notice of issuance, as a stock dividend, making
the1 total amount applied for 3,153,584 shares.-- •
.
y
* y
The stock is to be issued as a stock dividend pursuant to a reso¬
The
hand
Expenses
.
: / AA.'aA A A AAA A
Co.—Listing of Additional Common
Oil
reductions
on
Gross
producers in the country of human escape and fragmenta¬
tion bomb parachutes and of jungle hammocks.,
'
.As war orders were completed and the demand for the corporation's
facilities declined, the management determined to put into effect the
program
Sun
'
the largest
157,918
-*115,398
v
that
favorable
more
used
specified
orders
approximately
$70,000,000 and of this amount approximately $20,700,000 was applic¬
able; to shipments for the year .epdedj^June, 30, 1943; $30,000,00 to
shipments for the year ended June 3, ,1)344, aqd $19,300,000 on orders
yet to be shipped.
:' ■
Aa/'/AAIAA'A
then
A.
products,
parachutes and subsequently of many additional sewn
modern
1,179,760
1,604,056
i
parachutes and parachute material. In connection with the manufacture
.
railway—~
from
a
basis
provision
:AAAA^
the leading producers.
In 1942 the corporation
subsidiary received substantial contracts for the production of
its
and
$160,108
27,430
'
the
The
processes
however,
believes,
Voluntary
factured by certain of
1941
$283,149
133,972
90,177
201,436
A','"/A':" A'-"
2,777,775
3,644,112
1,260,991
Net from raiiway__
1,658,588
787,222:
Net' ry. oper. income--.852,594
Deficit.—V. 160, p. 1024. : '
' //^A
From Jan.
and
Exchange
1
.
the
with
the
factors,
"
Gross
Curb
A
/
A-."' "A.
of
year.
through
yarn converting business, with complete facilities for the dyeing,
twisting and throwing of various types of synthetic yarns.
In addi¬
tion, it acted as wholesale distributor of raw synthetic? yarns manu¬
AAA 1942
1944
$530,232
240,714
-A
August—'
Net
list
the
to
for
accordance
ceeding
thetic
•
from
//AA;
Report—
statesL-•,
year ended June 30, 1944 were $159,073,741.
This
approximately 14% over the preceding year, after
considering renegotiation and
voluntary price "reductions.
Provision
for .renegotiation refunds has been made in an amount computed in
is an outgrowth of a consolidation in 1928 of
two companies specializing in the dyeing, processing and converting of
synthetic yarn.
The present company was incorporated in Rhode
Island on April' 16, 1928 under the name of Franklin Rayon Corp.:
Subsequently on March 24, 1939 its name was changed to Atlantic
Rayon Corp/, and on May 18, 1944 the present name was adopted.
A
Prior to
1942 the corporation was primarily engaged in the syn¬
Staten Island Rapid Transit Ry.—Earnings—
V
Gross
'";'., ." V
y
-
stock which are to be reserved for issuance
and the exercise of stock purchase
common
added
warrants
1335.
p,
'<;.
; '//
Chairman,
Rockwell,
increase
an
registered on said Exchange with the SEC upon notice of issuance.
The total credit to common stock
to capital surplus will be $513,615.
surplus-the > sum of $7.50.
$68,482 and the total credit
capital
will
to
/'
:.
.
F.
sales
Net
is
A: History—'Company
amount of
holders of record Aug. 30. making the total
common stock applied for. 753,300 shares.
/A
With respect to each
share so issued, there will be
from earned surplus to common stock account the sum of
Sept.- 20,
68,482
of its
payable
payment of a stock, dividend
with the
connection
in
Williard
conversion of the debentures
upon
has authorized the listing of
stock (par $1.1 on official notice
Exchange
York Stock
New
additional
by
Listing—The outstanding common stock is listed and registered on
New York Curb Exchange.
Application has been made to have the
200,000 shares of
issuance
debentures
of
the
aa/Y'AIAaa
Stock-—
Listing of Additional Common
Timken-Detroit Axle Co.—Annual
.
retirement
the
for
sum of $51,250 not less than five'days
semi-annual interest payment date, beginning with April
the
redemption
or
Monday, October 2, 1944
covenant - in- the indenture to pay to
Sinking -Fund—Company5 will
trustee as a sinking fund
the
/„
"
—V.
& FINANCIAL CHRONICLE
THE COMMERCIAL
1444
$885,265
United Gas Improvement
The
this
New
York
company's oM
Stock
Exchange
capital stoak.
Co.—Listing—
on
no
Sept.
par
21
suspended dealings
value/ and
admitied to
ings the new capital.stock of $13.50 par value.—V. 160, p, 1234,
in
deal¬
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4321.
[Volume 160
United Light
& Power Co.-^-Negotiating Purchase
.■.Railway—
'-/V:;i
'■■;■'.■■:;•''■
Number of Stockholders— '
of
The company is negotiating' for the purchase of St/:J6s;eph Railway,
Light, Heat & Power Co.
The latter is controlled by Cities Service
Light, CO., which had been expected to dispose of its interest
in the St. Joseph subsidiary as the next step in its plant to satisfy
requirements of the Utility Holding Company Act.—V. 160, p. 672.
'
.
of,
the
increase
an
of
for
655
New Director,
Shoe Machinery Corp.—New Directors, Etc.—
United
James B.
director
Hall, 'of Choate, Hall & Stewart, of Boston; Charles ' E.
President of First/ National Bank of Boston, and Clifford
Roberts, director of the cbnijiariy'^1 research department, haye,:beeh
elected-directors. j'jVv v:';. i,;',; ■ 7* 7'./7:t-;'''
Joseph F. Wogan, General Manager, and Clifford Roberts, Assistant
Vice-President,1 have bebn eledted' Vice-Presidents—V, 160, p. 231
John
L.
the
the .six
Etc.—"
member
the
of
Co., has; been elected
death
months.
::'ly...
■/
'
■
earlier
this
executive
director
a
of William
year
committee
to
J.
fill the
the
of
vacancy
a
Southern
caused by
Filbert.
:
Howard E. Isham, Assistant Treasurer of United States Steel Corp.
(Delaware), has been appointed Assistant Vice-President of that com¬
He also will continue
pany'.
as
Assistant Treasurer.—V.
160,
771.
p.
Company
Utah
U. S. Truck Lines, Inc., of *
United Specialties Co.—$1,250,000 "V-T" Loan—
v
The company has entered into a VT loan agreement with the Conti¬
Illinois National Bank & Trust Co. and the City National
-■,-
Trust
&
credit of
and
both
Co.,
Chicago,
of
participating, for a revolving
Stand-by charges are v2 of 1 %
3%
annually.—V. 160, p. 412
$1,250,000 until Feb. 28. 1946.
interest
and
borrowed
on
amounts
is
Earnings per
—V.
share—
•_____.
...
Products
on
International Securities Corp,—Pays
Account of Arrearages on Preferred
The
The
no
to
value,
made
27, $1.75.—V,
Of
and
160,
the
and
31
31
March
paid
30
on
holders
March
on
follows:
Dec.
Sept.
on
accumulations,
of
$1
per
share
first preferred
cumulative
on
stock,
25.
Similar distributions
Payments in 1943 were
each; Sept. 30, $1.25; and
Sept.
record
June
June
of
dividend
a
$5
with
last.
30,
30,
$1
United States Plywood Corp.—Director of Sales—
1924.
The
present
of
name
rubber horns for
,
taken over by Utah Radio
were
company
incorporated.1'on
was
1,
Radio
concerned
particularly
.
development. of
with
post-war
assets
to
" 7,7'.-
.
liabilities
current
at
2.7
all
sales
program.
on
year.
:•
He will be succeeded as Manager of the Chicago branch by R. W.
Tompkins, of Joliet, 111.—V. 160, pp. 1234, 1025, 873, 771, and 672.
United
and
is
•
United States Rubber Co.—Plastics in Helicopter—
and
For
y'y'vi :7;';'!.vr
Net
Board Order L-177 limited
and
6 Mos. End.
'■'■;•■")t,;".:■-.'■
7
Summary of Earnings
■
"
-
jj-jvj'' ";'■"-•
>7
•
-,:7-J
;■
..
Sell.,
goods
sold-_^.
& adm. exp._
gen.
.
"
' v"
Years Ended Dec. 31——~
30,'44
1943
1942
$6,723,331 $10,604,011 : $5,952,188
5,144,498
8,283,107
4,918,202
465,807
749,018
628,331
sales
Cost Of
77-7.) V77:77-,'.7. 7*7Cv"-r77;7'777oj 777.".777'7
,.
second time, War Production
manufacture
June
world's, largest
the
';■!■
;7
.v. -J.-. 7:777.;:. ;■"
1941 ■•*'.
7
:
$4,834,071
3,886,996
630,034
all
Gross
wallpaper manufacturers to 60 % of their usage of paper stock for the
being used for the cabin structures of the new war
1941-42 fiscal year, Mr, Yates reported. 7 This, he said, "required a
helicoper, R-6, it is■ announced.'-*
■;>^77.J;V-■
continued 'rationing' of our distributors, and necessitated our buying
The
plastic material, developed and produced at the company's
for them in the open market such finished
Mishawaka, Ind., plant, was chosen for the cabin structures because
wallpaper as was available
from
other
manufacturers.
As
a
natural result of the continued
of its light weight, only half that of aluminum of similar thickness,
curtailment, inventories of our jobbers as well as of ourselves are at
.together with its great tensile strength, rigidity,; ability to withstand
the lowest point in the history of the industry." 7-7-'7'7t:7::.'
strains and excessive vibration;
It met specifications of the A. A .F.
77-v
*7
During the year the' company concluded its negotiations with the
Materiel Command at Wright Field for this new structural use after
War Department Price Adjustment Board relating o "excessive" profis
,it was put to many, rigid: -tests...-- 777 J: ■
-. v - - J
- vv, ..-n-y
v ^ y;-. 7j -%j
on
war
contracts for the year ended June 30,
Made of fiberglas, laminated and reinforced
1942.
As a result
with thermo-setting
thereof, the company refunded to the Government the sum of $130,165,
i-esin, the composite-material is a non-conductor of electricity and is
which was within $10,165 of the reserve previously provided.
Mr.
hot affected by gasoline, oils, acids, most alkalis, alcohol or fungus
Yates declared "it is believed that no refund will* be required with
•growth.
After a blow, it returns to its normal position with no
respect to war contract profits for the years ended June 30, 1943
permanent distortion or denting.
Another remarkable feature is that
•"! and 1944."
it retains all of its properties in the sub-zero temperatures of the
;
v77', 77777;7'77'77'777'77,';-yyyyj
Income Account, Years Ended Jane 30
fArctic as well as in the excessive heat of the tropics.
.
77
^
;
7;
As far as is known, this is the first use of laminated plastics on a
(Including Domestic Subsidiaries)
production basis,in this type of construction. Its success probably will
Years End. June 30—
1944
1943
1942
1941
.open the way for many post-war applications of this plastic material.
;/' Net sales
$14,196,748 $10,226,402
$8,132,219
$7,099,329
It is now extensively used to support bullet-sealing fuel cells in all
Cost Of goods sold—__
10,978,201
8,231,290
6,246,776
5,771,772
types of combat planes and for other important war products.
Plastics
sewing cabinets.
.
production includes flares, incendiary and smoke bombs,
war equipment of a confidential nature.
The company
manufacturer of wallpaper and ready-pasted
war
the
parts, and radio repairmen.
Its principal subsidiary, the CaswellHuntington, Ind., also is primarily engaged In manu¬
facturing items used by the Armed Forces.
The subsidiary also manu¬
factures, in accordance with government limitations, desks, cedkr chests
other vital
the.
products. '■ ; ;■ 7,
,
.
in
Runyan Co., in
company, like most producers
cutbacks and some cancellations,
these." 77
primarily, engaged
stock
the
numerous
contracts more than offset
new
..
While
.
present
used directly by. the various. Armed Forces of the United
This business is based upon prime and suh-conThese- contracts represent
America,
of radio loudspeakers, transformers, chokes,
vibrators, jacks,
plugs, switches, and other parts which are sold to accredited jobbers for
sale as replacement radio parts to radio
servicemen, dealers in radio
a
munitions manufacture, William ,R. Yates, President,
to stockholders that shipments of war material,
prime Government contracts, continued .to expand during the
He added:
"During most of that time six plants were devoted
solely :to war production.
of war materials, suffered
at
items
of
tracts.
letter
his
of
then engaged in
7:
7
approximately 85% of the .total
present business of the company.
These contracts by their terms may
be terminated at any time without notice.
Company also manufactures
and maintains, in accordance with War Production
Board limitations,
Net
1.
to
capital stock of Carter Radio Co, (111.),
Company is
sale
7 77777 7777
stood
common
manufacture of radio parts,
States
and
in
•states
As such he will
the
of current
wallpaper
.
Ottinger, President, announces that S. W. Antoville, for¬
merly Vice-President at Chicago in charge of Mid-Western operations,
has been transferred to the corporation's New York headquarters to
the newly created post of Director of Sales.
the
the
working capital was reported as, $2,894,828, compared with $2,250,215
at the close of the previous fiscal year. ^'.,.7.7. ;7 7.7', 7 77,.,7
'7':"77 ■"■
Reporting on the company's positions in the divergent fields of
Lawrence
•assume
Paper Factories, Inc.—Annual Report—
$484,027 for the preceding year. *
Ratio
■
368.
p.
Wall
annual
previous year.:'," 777;•••..,.7'.'>;7:V
■•'.•7 7.. ■7.'
\v\:7;
V:-* 7.7
Net profit, after all charges,
including taxes, were $526,907, com¬
pared with $394,792 for, the fiscal year ended June 30, 1943.
Federal
income and excess profits taxes increased to $862,266, as contrasted
.
company
par
were
partnership undei1 the
a
partnership
1928, in Illinois, and acquired the pmperty and business of
Products Co. of Salt Lake City, Utah, and Chicago, 111.;
and also certain assets of Henry C.. Forster &
Co., a partnership, of
Chicago.
In 1931 the company acquired as of Oct. 31, 1929, all of
the common capital stock of the
Caswell-Runyan Co. of Huntington,
Ind-; manufacturer of radio cabinets and cedar chests, and also all of
report for the fiscal year ended June 30, 1944. shows
net sales at the highest level in the history of the company, totaling
$14,196,748.
This exceeds by 39% the net sales of $10,226,401 for the
Stock—
■account
1922
formed for the manufacture of
was
in
Co.
Aug.
$0.40
$0.27
.,•
,
Per Share
$1
be
common
Co.
The assets of this
Utah
$6,511,641
'
208,294
159. p. 115.
United
•
;;
6 Months
3 Months
,
and Business—In
Rubber
radios.
368.
United States &
as
~
Operating revenues'$3,318,271
Net earnings after'Federal taxes___77^i-^w
141,161
nental
Bank
Period Ended June 30—
Del.—Earnings—
a
and
...
,
1
7
:
whole or in part at any time on 30 days' prior notice at 105
including Sept. 15, 1945; 104'/a thereafter to and including
1946; 104 thereafter to and including Sept. 15, 1947; 103y»
thereafter to and including Sept. 15, 1948; 103 thereafter to and in¬
cluding Sept. 15, 1949; 102 Va! thereafter to and including Sept. 15,
1950; thereafter to and including Sept, 15, 1951; 101 >/2 thereafter to.
and including Sept. 15, 1952; 101 thereafter to and
including Sept. ,15r
1953; 100Va thereafter up to but not including Sept. 15, ,1954, in each
case plus accrued .interest.
;
.7Beginning Jan. 1, 1946, the company will be required to making sink¬
ing fund payments by paying to the trustee an amount equal to the
greater of (1) :$25,O0O or (2) 25% of the company's meti income.
v
to
Sept. .15*
r1'' '■'7-;'
;,:■*
Black, President of the Pacific Gas & Electric Co., and
and
Pacific
•Spertcer, Jr.,
■
able as
corporation announced on Sept. 18.
Preferred stockholders of
July 28 totaled 74,388, an increase of 417 for the quarter and
record
Power &
■
Interest payable at office of Harris Trust-'& Savings
Bahk, Chicago
trustee; in lawful money of the United States of America.
Non-regis¬
tered coupon debentures in denominations of $1,000 and $100 redeem¬
'.
v
Aug. 11 the company had 165,871 common stockholders of
record, 'an increase of 64 sirice May 12 and 74 more than on Feb. 11,
As
!;v''>
1445
are
Other
profit
$1,571,886
38,896 7
97,457
income
Total
'
$1,113,026
Other
income
$1,151,922
charges
Prov.
for
taxes
on
-
Reserve
for
contings
118,719
7-7'
■..■■'■:■'
-~
:'
769,500
$317,081
$468,272
128,215
$1,669,343
75,123
,
,
Fed.
income
$405,655
62,617:
$366,883
•"''
1,144,900:
106,351
■•
■
202,000
'
100,000
7
49,802
57,000
7^-,
'
7/^
•
"Net
■
■
Gross
Plastic
Developed—
weighing only one-seventh as much as cork has been
is being manufactured for important war uses by this
foam
developed
and
company,
wall$3,218,546
$1,995,111
$1,885,443
Dr2,002
2,646
6,870
fr. opers.
$3,216,543
$1,997,757
$1,892,313
.
Important peace-time uses foreseen include insulation for trains,
airplanes, automobiles and homes.
In lifesaving equipment such as
life
*
floats
and
as
a
of
dividend
cents
25
the
1943
dividend
per
stock
Jan.
on
$3,758,378
*Gl'OSS
earnings
Domestic and foreign Federal taxes
income
on
for
Net
earnings
7.
dividend
of
•
.
common
"After
$3,699,708
$709,293
$2,607,829
$477,138
—
per
share
stock
on
528,765
7
1,214,708
$1,801,172
1,091,879
*
$0.90
:
^394,792
,
117.009
of
V
Aug.
.
42,000
42,000
42,000
tures
114,594
and
coal
mines
Utah
in
$0.24
continuing .decrease of
6
excess
given permission to start and carry on certain limited
operations at its gold properties in Alaska.
Because of lack of man¬
power and general labor conditions it was not feasible to start dredg¬
ing during the current season at Nome, and only one .of the. smaller
was
late
in
Fairbanks was placed
August.—2680.
at
in
operation
'
'
'
:
.
,
on
part-time
a
on
hand
taxes
United; States
of
ffiei
basis
'_.
Corp.—Calls Serial Debentures—
for the
• >
Maturities
Prices
' 1
■
"
•
7*
kedemption
*
May 1. 1949,„___1
,7,100.64%
Nov. 1, 1949--V.:——,—100.72
Maturities.
•
.
Prices
May 1, 1953—101.28 %
Nov. 1. 1953—,,—J
101.36
May 1' 3950
May* 1, 1954
.
,,.100.80
—7
Nov. 1, 1950-—,,,
May 1, 1952
Nov, 1. 1952—
,100.88
,—101.12
^—101,20
Nov.
1.
1954—:
*
.
,
101.44
May l, 1955
'7
,
__101.52
101.60
\
J;,77 j.7••;''7,.X )7.:J;7;"
■*
:
sition
as
following purposes:
(a) Approximately $375,000 for the acqui¬
property and the erection of a plant in or near the City of
oi
to
sale and
administrative functions of the company,
(b)
carry
'
class
all
on
of
the manufacturing,
that
be done
can
imity .of.
raw
more
id) The balance
to the
economically in such
materials.
■-■■■'
working capital of the
Underwriters—The
amount
by
each
:
.
the
Mackubin. Legg & Co
1943'
200,000
A.
G.
—V.
Edwards & Sons.7
the
7v
principal
..
Amount
Dempsey Detmer Sr. Co.^ $100,000
The First Trust Co. of
Lincoln
7
Kneeland
Curtis
&
and
Name—
Paine. Webber, Jackson
B
follows:
as
are
$200,000
Co._„^_' 200,000
Bankamerica
underwriters
Amount
.
*:-';.7.7'7r' )7:'7.77'l
company,
of
names
underwritten
Name—
location due to the prox¬
7-.77. >7';j-y,7,..■
a
•■,
estimated at approximately $473,528 as an addition
Cruttenden & Co.^.
1944
,
(c) Approximately $125,000 to acouire a
wood-working plant in the
Southern part of the United States to eliminate "bottle-necks" in the
Huntington wood-working plant, and for the manufacture of products
excess
notes),
'
engineering, research,
,y>7- .7 ,v
;7.(;7
Approximate!v
$175,000 for the; modernization and expansion of
present plant facilities of the principal subsidiary of the company.
and taxes—
*$227,223
■'■'$142,711
share__^
$0.49
$0.22
"After taxes of $910,500 in 1944 period and $545,000 in 1943 period.
''—V. 160, p. 157.
7'..-77;
7:7'7:;; .p'7'!" 7 7 v'
per
subordinated convertible deben¬
Chicago,
payable, $416,739; employees' income and social
withheld, $56,352; accrued interest on long-term bank
Universal Laboratories, Inc.—Earnings—
7, 7
'
7-v>;
before taxes
income, and excess profits taxes
after
Federal
'•
charges
;
'7:1944.'■
6 Months Ended June 30—
Profit
but
.1943
.
$212,970
100,000
100,000
First
100,000
&
Co.__i.___.
Securities
Co.
■
100,000
of
Chicago 7„_77--4-7-7X
75,000
J7.:7.7> /''V j ,7':'7v';: '
■■/_'. ;:;";■ ' .7'"
160, p.. 1336.
•
,
105,000
August—
73,500
1
Utah Ry.—Earnings—
■
$172,026
Net
$107,970
'207.391
$0.35:
$0.35
•
Debentures Offered
—•
underwriters headed by Cruttenden & Co., Chi¬
offered Sept. 28 $1,175,000 10-year 4^ % convert¬
ible debentures at
103 plus accrued interest.
Other
members of the offering group are: Mackubin, Legg &
cago,
Co., Kneeland & Co., The First Trust Co. of Lincoln,
Bankamerica Co., A. G. Edwards & Sons, Dempsey &
Co. and First Securities Co. of Chicago.
."
.
of
the capital
stock of record Aug.* 24,
1944, were offered
right to subscribe to the debentures at 103 plus, accrued interest
from Sept, 15, 1944, in the ratio of $100 of debentures for each 25
shares of capital stock held.
The right to subscribe expired Sept, 24,
the
These
der the
debentures
are
subordinate
regulation V loan..
to
anv
Dated; Sept. 15,
indebtedness
1944;
■7-';7r:,i.' 1P.44
7...
$101,723
oper.
3943 ;■■;
$118,782
20,550
30.196
7
•
income,,..
10,176
incurred
' .'-5
:;From Jan. 1—
Gross f from railway
Net
from-
NeLrv.
; 7
railway.y
income—~ '
p.
1941
$98,703
$120,611
20,003
18,816
12,245
930,905
858.183
193,130
199.075
91,027
-:27,552
106,266
22,506
^
*
y)'
178,912
80,171
oper.
160,
,
923.922
-
1942
;
-
522,043
82,509
41,775
1120.
.-•■.
;■
A
group of
Holders
•
rei!way____
railway,—
from
$98,526
236.987
profit. .^7—
shares
outstanding-,
Earnings per common share,—______
—V. 159, p. 2239.
-
7*7
from
Gross
Net ry,
Net
Common
Utah Radio Products Co.
$27150ti,000 outstanding serial debentures due semi-an¬
nually from May 1, 1949 to and incl. May 1, 1955, have been called
for redemption as of Nov. I, next, at the office of J. P
Morgan & Co
Incorporated, 23 Wall St., New York, N. Y., at the redemption price,
plus accrued interest to Nov. 1, 1944.
The redemption prices (exclusive
of accrued
interest) are equal to the following
percentages of the
principal amount of the debentures:
,
s, ■'
■
,
Purpose—The minimum net proceeds to be received bv the company
from the sale of these debentures are estimated at
$1,148,528/ after the
deduction of expenses to be borne by the company and is to be used
—V,
the
Red emotion
$1,750,000
,
may be necessary, to prevent dilution of the common
stock upon the issuance,of additional shares under conversion.
;,;r:f';7.'7.':'
and In
and
known
tional, shares
■
All
•''■■!'>77: ''
7;
$1,750,000
man¬
reduced production, and wage increases raised costs.
The. Government order shutting down gold properties still continues
In general effect.
In the late Spring of this year, however, this com¬
dredges
Res.
stock being registered will be 146,875 shares to meet
requirements for conversion purposes p'us such addi¬
common
present
profits taxes.*
Mos. Ended June 30—
Earn.
;
pany
Fed.
—
debentures. 7--i 7: ::7- *'■
The
Net profit after charges
power,
t
■
294,570 shs.
being offered, there will be authorized and outstanding $1,7 >77:7V",> w -./j
'■ ■7.-777 .-7 7*: 7;
now
175.000
$0.43
$0.30
Universal Cooler Corp.—Earnings—
•company
^effective
metal
30,
:
*
15,
■
the
June
Outstanding
500,000 shs.
■
Note—After the sale of 10-year 4Vs»%
profits taxes (less
$728,317; other taxes
accrued, $82,444; sundry—payroll, commissions, bonuses, etc., accrued,
$171,938; long-term bank loans (payable within one year), $219,000;
long-term
bank
loans,
$146,000;
reserves
for
contingencies,
etc.,
$251,568; 6% cumulative prior preference stock (par $100), $700,000;
common stock
($2 par), $2,376,180; capital surplus, $994,666; earned
surplus, $1,442,296; treasury stock 118.600 shares of common stock
at cost). Dr$37,200; total, $7,551,402.—V, 160, p. 1026.
7:77.;W. 7, ;
all charges except domestic and foreign Federal
taxes on income and provision for reserves for depreciation, depletion
,.and: amortization;
J):
'J 77n 'j'7-' <:7'\ '"'j
: ,7'-■
At
par),
banks under
amount.authorized... s:
$325,974
deducting
Note—Mexican earnings were greatlv reduced by wage increases, the
announced.
On Oct. 1,
1943, pursuant to a general law
on
that date, a wage increase was granted, and in June,
1944, production was interrupted by a two weeks' strike, which was
widespread in the industry, followed by a further increase in wages.
of
■'
as
1944,,the .amount of notes pavable to banks under
Federal Reserve Regulation V amounted to
$2,250,000 which is the total !
,
$561,002'
7,
$0.41-
$3,042; accrued Federal income
$225,000 U. JS. Treasury tax savings
1,091,879
$4.93
——-
company
.'*
f$l
to
pay.
"As
64„593:
7*397,275>;,
81,500
stock
Regulation
Liabilities—Accounts
security
$1.34
*490,527
,,
loans,
shs.
outstanding—'
Common
banks, $838,360; Dominion of Canada
victory loan bonds, $31,532; U. S. war savings bonds, $13,313; notes
and
accounts
receivable, $1,880,232;
inventories,
$1,809,283; invest¬
ments
in and
advances
to
subsidiary companies not consolidated,
$4,384; other assets, $63,920; property, plant and equipment (net).
$2,453,683; deferred charges,/$457,595; total, $7,551,402.
2,328,015
1,120,104
$1,569,017
1,091,879
-
requirements—-
Balance
Earnings
■:■:■■
946,546
1.285,488
-
and amort.
$474,199
83,632
87,343
■;/.77i ■r;-:7.7"
the
Authorized
Consolidated Balance Sheet, June 30, 1944
;
Assets—Cash
1942
903.873
deplet.
,
of
'
„
$7,242,431
—
deprec.
Preferred
$3,867,822
$1,035,620.
capitalization
1944, is shown as follows:
$386,668
87,531
81,363
:
42,000
dividends
*Includes Federal
Ended Aug. 31
.
$1,048,182
;
7;;->
Capitalisation—The
Note—Depreciation is included in cost and expenses in the amount;
of $277,979 in 1944, $241,214 in 1943, $230,213 in 1942 and $121,869
in 1941.
'
1
•
rate.
1943
90,p00
\ $526,907
Earns, per com. shares-
15,
1944
210,054,
Foundation.
'
*
the
Estimated Consolidated Net Earnings for Eight Months
Res.
,
,—_™
Distributions of 50 cents each were made
j-ecord Sept. 30.
common
in
$1,004,606
31,014
63,891
7
*: *863,474;
Net, income
on pr. pfd. stock..
April 15 and July 15, this year,
following dividends were paid on that issue: Jan.
15, $1, and April 15. July 15 and Oct. 15, 75 cents each.
The
company
announces that the dividend just declared on the
common
stock
is
not
to
be
considered
as
establishing a„ regular
on
while
and promote the sale of this and. kindred items in ac¬
with licensing arrangements that are
being consummated With
Armour. Research
*
Common
share on
common stock and
the usual quarterly dividend of 1%%
(87V2
cents per share)
on
the preferred stock, both payable Oct. 14 to
declared
$984,291
$.1,690,436
„—;
Proy., ,for Fed, inc; "tax
Prov, for contingencies-
Eight Months—
of
eha5rges
Divs.
The. directors have
manufacture
to
■the
"Notes
&
the
holders
1,635,330
109,222
income
Gross
Income
Mining Co.—
Halves Dividend On Common Stock—Earnings For First
Refining
Smelting,
.
Other income credits.—
To produce the new and different war material a combination of
synthetic plastic materials are foamed and then solidified.
The new
product is called flotofoam because of its buoyancy,—V. ieo. -P; 1235.
States
adminis-
$1,332,267
7- "7'-'7-:; ;77'■"'■;'■■:.L;,7'"->7"'77..:'-7
1,013,466
" 887,707
945,600
Net profit from opers,, .$1,581,213
the announcement said.
United
&
gen,
trative expenses ■■♦-,77
buoyancy units on pleasure craft,
this plastic foam will provide extreme buoyancy with minimum weight,
and
preservers
Sell.,
neered and
cordance
Gross prof.
7
Company, has ..been associated with and working on products engi¬
developed by Armour Research Foundation, one of the prin¬
cipal items being a magnetic wire i*ecorder.
It is the present intention
4,710
it is announced.
include the manufac¬
time
$1,327,557
sales
profit
,
$203^532
use; (5) radio cabinets and radio and coin-operated musical device
cabinets; (6) novelty and utility items to be made principally of wood;
(7) cedar, chests. :7:,j;7:'7.j:. "■
J^j „;...J7 -7.;7
»■■
"
on
P£U)er sales
Profit on miscell.
'
$138,057
>7
Component radio part's for radio receiving sets; (2) radio parts
for the replacement field to be distributed
through Jobbers; (3) com¬
ponent parts for amplifying systems; (4) products developed
during
the past two years in the electronic field which are
adaptable to peace¬
,
Material
$405,724
business.
war
(1)
.
Plastic
$207,299
—____
Post-War Plans—Plans for the post-war
period"
ture and sale of:'
--7.:/
7J)
7'-
-
New
income
"Subject to renegotiation of
un¬
due Sept. 15, 1954.
•
Viit[RaaIte Co.,.Inc.—Registers With SEC—
The
company
329.281
shares
holders
of
has
of
shares of
129,281
filed
a
stock of
common
registration
stock
common
common
(par
record
stock
at
Oct.
$10
statement
$10).
per
with
Conmany
16 rights
to
share,
the
is
SEC
in
a
fob
granting
subscribe
to
the
ratio of
one
additional
share for each share held.
Subscription rights are exer¬
pp: Oct, 17 and expire on Nov. 14, 1944.
There are no under*,
cisable
writers),'
If
all
holders,
'
i^he
shares
J
offered
are
subscribed for by stock*
company will receive a net amount
of $1,262,810.
The company will use $1,110,210 of the
to redeem, on March 1, 1945, the 9,654 outstanding shares
it
is
common
estimated
that
the
after expenses
proceeds
of 7%
ance
cumulative first
of
the proceeds
nreferred
etock at
$115
a
shave, and the bal¬
In the event
will be added to working capital.
THE COMMERCIAL & FINANCIAL CHRONICLE
1446
lhat
its
to
Tiib'ICC recently1 authorized, the company to assume obligation and
been appointed Comp¬
troller'of Manufacture, to fill the vacancy caused recently by the .•'liability in respect of not exceeding $920,000 equipment-trust certifi¬
cates, series K,
to be issued by the Manufacturers Trust Co.,
as
death of John M. Stahr.
Clifford W. Smith will succeed Mr. Peckham
trustee, and sold at 99.22'/# of par and accrued dividends in connec-,
as
Comptroller of Sales.—V: 160, p. 1121.
Change Par Value of Common Stock—
,
special
a
vote
The
York
and
on
subject
direct
to be held
meeting
the
to
of
tificates
of
$10
value.—V.
par
of
dividend
A
amounts
Like
last
year;
cents
25
stock,
common
Oct.
April
on
since.—V.
none
share
per
payable
paid
were
160,
1235.
p.
i
.
587,000"
521,000
.1—
4,902,000
160,
Net
rents
$4,406,540
'
(net).
Drl3,135
Drl20,806
"
$521,815
$725,252
$4,640,209
30,310
220,805
$738,264
$4,861,014
2,165,751
$469,016
$2,695,263
$3,399,582
income
13,012;
$552,125
,
271,576
established
Sales
June
30,
annual
sales
records.
'
■
See
$3.62
approximately
the
the fiscal
end of
sixth successive
share
per
of
year
Wisconsin
Judge
has
A.
provision for estimated Federal, State, and foreign income and
profits taxes charged against income for the fiscal year was
on
rates in the present tax laws and amounted to $3,614,709,
excess
based
which
of
the
of
in
fiscal
the
during
2459.
p.
■
amount
the
the annual
at
year
$1,360,660
of
rate
paid
were
to
of
With
159,
the
from
Gross
Net
from
Net
ry.
1942
1941
2,861,139
$8,162,564
3,320,906
712,670
940,892
734,630
1,561,049
978,350
income
$4,899,368
3,185,176
plan
held
was
at
at
Francisco
San
with
proceed
to
of
the
The
reorganization.
by
$10,000,000
amounts:
..
for
share
authority
the
involve
committee
the
for
of
value
face
of
from
from
Net
ry.
—V.
48,915,062
7,799,151
5,890,563
6,314,783
In
has
road
to the
applied
ICC
from
Preferred
from
Net
Co.—New
ry-.
previously
-
,
from
share
for
If
holders
will
—V.
the
of
total
also
of
reduction
the
$6,500,000,
the
canceled.—V.
be
160,
p.
891,369
1,598,357
1,259,507
642,808
Warner Bros. Pictures,
32,664,575
31,337,308
11,928,306
14,802,670
8,399,809
7,982,032
5,823,054
statement
2,059,301
13.831,345
22,059,085
Reserve
Investing Corp.—Earnings—
157,
1
1944
1943
$20,288
v:
*$20,517
736.
p.
and
in
service
See
V.
p.
and
Edison
the
Of Sept. '44
11,483,000
company
"It
bales
of
conditions
the
the
Maltbie
debenture issue,
Commission's
and
approved
-.r
had
failed
to
support
this
contention
"by
open
such
worms
are
Assuming
to
question,
risk.
At
no
the
company
160,
very
p.
best.,
should
average
lint
but
some
of
investors
expect
ratio
1944
after
prior to September
crop
1,
of
com¬
pared with 1,785,245 for 1943 and
...
The
would be slightly
larger than the previous all-time
yield
per
record
of
acre
272.4
pounds per
acre
produced in 1942.
Increases above
The
month ago are
Index
showed
no
change between
completed some months ago.
In comparison with
a year ago the Sept. 1 index shows an increase of only 0.3%.
The
largest gain was in women's apparel, an advance of 0.6%; there
were
,
indicated
States
Texas
for
all
major
cotton
excepting North Carolina,
and Oklahoma. In Okla¬
homa, where record yields were
in prospect on August 1, continued
drought and excessive heat re¬
duced prospective production 80,000 bales.
Rains which came late
not early enough
the adverse effects of
in August were
to overcome
In most
and
hot, but rainfall during the last
half
of August was apparently
sufficient to overcome previous
deterioration. Present prospects in
xhat State and in North Carolina
are for a crop about the same as
was indicated on August 1.
In the Southeastern States and
in
the Mississippi
River Delta
States
growing
and harvesting
the drought in that State.
of Texas it was also very dry
increases in the past 12 months of 0.1%
for infants' wear and
furnishings.
Piece goods and men's apparel showed no
change," said the Fairchild publication, which also had the following
to say:
••■■■
('*• '
■
were
house
.
.
...
,
.
"All categories of the
index are now substantially above the pre¬
high reached in 1937.
The combined index shows an advance
of 17.4% with gains in the individual categories ranging from 11.3% j
for infants'wear to 25.8% for piece goods,
war
"Changes during the past year for individual items have been re¬
markably small.
The greatest increase occurred for furs but was
only 2.4%.
Recent reports indicate
forts in fur departments but
an
increase in promotional ef¬
sales prices are not allowed to affect
the index.
been substantial.
of
increases above the 1939-1940 low point have
The combined index gained by
27.6%, piece goods
by 33.6%, women's apparel by 28% and house furnishings by-27.9%.
Increases
of
19.1%
and
12.8%, respectively,
men's apparel and infants' wear.
are
also reported for
ah
stock,
preferred
Wis¬
stock held.
to
made
Aug.
31.
distributed
of
holders
business on
»
so
National
of
:
share
a
or
such
will
stock
carry
voting
record
of
Scrip certificates,
1944.
National
The
but
which
York
rights
has
will
such
after
distributing
dividend
or
shares
full
Bank
agent
the
of
the
of
City
of New
Wisconsin
books
transfer
stock
been
ap-
to effect such
closed perma¬
160, p. 1235.
company
the company
of
15.—V.
nently at the close of business on Sept.
Yonkers Electric Light & Power Co.—New V.-Pres.—
Edison
Consolidated
See
'
.-.
above.—V.
Co.,
of
Co.
160,
New
York,
Inc.,
Westchester
and
232.
p.
*
:
"Continued stability of retail
prices is to be expected only after
Price trends at that time will be affected
the European war ends.
by changing conditions of supply as well as the extent of wartime
advances and the quality of the merchandise.
A. W. Zelomek, econ¬
omist, under whose supervision the index is prepared, points out thfe
part played by changes in quality.
These have tended to minimize
the extent of advances during the war and in many items quality
restored in the post-war
will be
prices.
period without sharp decreases in
'
PUBLICATIONS
FAIRCHILD
PRICE
RETAIL
INDEX
3, 1931=100
;
Copyright 1944 Fairchild News Service
May. 1,
Sep. 1;
June 1,
July 1,
PieceGoods
—.
1944
Sep, 1,
1943
1944
1944.
1944
113.1
113.4
113.4
113.4
113:4
55.1
■
Men's Apparel
112.2,
112.2
112.2
112.2
112.2
105.3
113„7
.
.70.7
71.8
Infants'Wear—
:
Furnishings
105.3
113.7
105.3
113.7
105.3
113.7
108.1
108.2
108.2
108.2
108.2'
70.2
——.
,105.3
113.0
76.4
Women's Apparel
Home
Aug. 1,
G9.4
1933
Composite Index
115.5
115.6
,115.6
115.6
115(6
Piece Goods
Silks
57.4
—
84.7
84.7
84.7
84/7
84.7
Woolens
69.2
108.0
108.1
108.1
108.1
108.1
Cotton Wash Goods
68.6
143.8
143.8
143.8
143.8
143.8
'
Domestics
Sheets__
65.0
126.8
126.8
126.8
126.8
126.8
72.9
135.0
134.9
134.9
134.9
134.9
59.2
75.5
89.2
140.5
90.0
140.5
90.0
90.0
90.0
140.5
140.5
140.5
83.6
—-
Blankets & Comfortables
111.2
111.2
111.2
111.2
111'2
145.1
145.1
145.1
Women's Apparel
/
Hosiery
Aprons & House Dresses
Corsets & Brassieres
.
-
•
.
66.8
141.7
145.1
Underwear
69.2
102.7
102.9
102.9
102.9
Shoes
76.5
92.4
92.4
92.4
92.4
'•
•'
Furs—;
Men's Apparel
64.9
Hosiery
Underwear---—
.
,
Shirts & Neckwear
—.
Hats & Caps——
—
;
**
114.8
99.3
108 1
114 8
99.3
99 3
94.3
94.3
94.3
70.1
106.0
105.9
.105.9
76.3
109.6
109.6
109.6
109.6
109 6
114.6
114.9
114.9
114.9
114 9
103.7
94.3
;
94 3
105 9
105 9
74.3
103.7
103.7
of subgroups.
106.0
106.0
106B
129.4
129.4
129 4
129 4
146.9
146.9
146.9
146.9
146 9
50.6
66.8
66.8
66 8
66 8
94.9
94.9
94.9
949
93.5
93.5
93.55
93 5
93'g
81.5
a
68.8
94:7
72.5
Electrical Household Appliances
China—
averages
103 7
106.0
129.2
60.1
—
—
Note—Composite index is
103 7
106.0
69.4
79.9
—.
:
——
Luggage—
metic
•
108.1
80.9
—
—
Floor Coverings-
Radios—
99.3
92.4
1
■. ■
,
Socks-———
Underwear
99.1
102.9
•
74.0
—
Shoes—.—
Infants' Wear
114,8
74.3
-
108.LU (l09,l
114.8,,; .t; -J14.8 '
108.1
69.6
'
•
69.7
Clothing incl. Overalls
Shoes
extent
second
accept
Furniture-—
"The
Springs
Co.—and the
by the stockholders on
share of common stock, 2/7ths of
for each share of White Rock
stock
or
of
carry
for
distribution.
THE
Aug. 1 and Sept. 1, it was announced on Sept. 14, the advices stating
that "this applies to the individual items as well as to the combined
total.'*
"Prices," it is added, "have been stable since price ceiling
adjustments
a
Price
Fairchild Retail
of
share
common
declared
record
Chase
pointed
.
739,005 for 1942.
Reports Retail Prises Unchanged
In August
each
common
JAN.
Fairchild
the prede¬
between
1944,
5,
Mineral
approved
ihe
stock
Springs
of
not
of
Lighting
the
June
Rock
has
of
the close
exchangeable
the
from
dated
Corp.,
be
carrying all dividends payable to stock¬
scrip is exchanged, will be issued in
respect of fractions of shares.
will
1,
with 11,427,000 bales
produced in 1943 and the 10-year
(1933-42) average of 12,455,000
bales. Lint yield per acre is esti¬
mated at 273.4 pounds on 20,164,000 acres for harvest.
The 1944
July, 1941.—V. 160. p. 873.
of the par value ($100) of such share plus
dividends thereon at the rate of 5% per annum
to and including Sept. 15, 1944; and
:
common
Mineral
holders
securities
to
or
to
1944,
1,
shares
which
even
/
The report from the Bureau of
areas.
of cotton
cottonseed to be equal to
to
more
the sum
above the forecast as of August
and compares
vehicles,
than
the
of
has contributed
70,714
as
the holder of each
To
dividends
all
1235.
ginned
holder
equal
July
The
legality of the issuance of deben¬
tures without approval by this Commission or without proving beyond
any reasonable question
that the Commission has no jurisdiction is
a
appearing in con¬
the
proof,
'
.that such was the case,
mate justification; and where the issuance of $25,000,000
is
the
National's
consin
by
"that a complete investigation would
but the record does not even approxi¬
cotton
leaf
manufacture
Springs Co., Inc.—Dissolved—Re-
White
National
.
much
siderable numbers in
for
handed
be," Mr. Maltbie said,
crop
than
the
in
his company
Products
of
To
fc)
of
had
the Census shows 576,142 bales of
lighter
scheduled
opinion
fruited. Boll weevil infestation is
are
from
bonds
unanimously
the average for the past 5 years,
production of cottonseed is indi¬
cated at 4,762,000 tons.
500
5$
$25,000,000
during
prospects
generally improved. Plants
small but are unusually well
are
Agriculture, based upon informa¬
tion as of September 1. This is an
increase of 461,000 bales or 4.2%
for
H.
refund
interpreted."
may
good
were
August and cotton
for
pounds gross weight is forecast
by the Crop Reporting Board of
the United States Department of
to
following
Milo
prove
above.—
Inc.,
made
doubtful."—V.
A United States cotton crop
of
York,
New
,
Distillers Stock—
last, National
in cash and
amount
an
contended that the Commission lacked jurisdic¬
proceeds from the 5 7c. bonds had been spent on improve¬
outside New 'York State.
Chairman Maltbie decided that
because
liberally
232.
Cotton Report
1944
of
Co.
postponed
Chairman
company
ments
executive
Consolidated
672
the Willys-Overland
off
the Jeep since the Willys-Overland model
agreement
an
'amount equal to
on
1942.
May,
also
160.
intended
Advertising
1951.
was
by
The
on
the
debentures were
other members.
the
The
of
to
that
Mineral
Distillers
23.
(b)
a.
1,
20
down
Sept. 26 was elected a Vice-President of this
Yonkers Electric Light & Power Co.
He was
committee of :the Westchester Lighting
Co.,
and to the board of directors of the Yonkers company.
Mr.
Sellman, as Assistant Vice-President of Consolidated Edison Co. of
New York, Inc., has been in charge of electric and gas sales-in New
York
City
since E. F.
Jeffe, Vice-President, entered the military
Sellman
T.
elected
Dec.
due
tion
Nils
milestone
"standard" by the Army in
as
to
value
par
proposed
47c
Sept.
in
WTestchester Lighting Co.—New Vice President, Etc.—
also
"Jeeps" have rolled
board.
this
explained
company—the
$1,011,256
.
Inc.—Correction—
given
250,000th
paid to Wisconsin Mineral Springs Co.
2/7 shares of common stock without
purchase price for the properties and
other assets, all of which had been conveyed
to White Rock Corp.,
which had been organized for that purpose.
On Sept.
15, 1944, Wisconsin Mineral Springs Co., Inc., has been
dissolved and it is being completly liquidated.
• •
On and
after Sept.
16 such cash and National common stock bceame
available for distribution to Wisconsin stockholders as fellows:
(a) To the holder of each share of first preferred stock, an amount
equal to the sum of the par value ($100) of such share plus an amount
equal to dividends thereon at the rate of 7% per annum frcm July 1,
1944. to and including Sept. 15, 1944;*
Aug.
3,708,416
4,415,016
income
decision of the New York PSC that it has jurisdiction
issue of $25,000,000 4% non-convertible debenture;?,
the company has decided to defer the issue temporarily,
it was an¬
nounced Sept. 19 by President A.'N.' Williams'.
^ .
y •
the
over
last week's "Chronicle" covers a
period of 39 weeks ended May 27, 1944 and not 30 weeks as stated.—
V. 160, p. 1336.
earnings
company
selected
cessor
Western Union Telegraph Co.—Defers Refunding Plan
•;
:
Inc.—Produces
production of the versatile scout car was started
revealed on Sept. 21 by Ward M. Canaday,
developments to
Pursuant
1026.
Following
shares
1235.
Motors,
$2,279,761
1,804,822
profit after taxes and security losses^
The
The
the
of
National
railway
V* "Loss.—V.
of
5,775
include' industrial
Division
was
ceive National
$3,600,757
2,912,210
513,939
railway
open
160, p.
Net
outstanding preferred stock to the
of 4'/2% cumulative preferred
slock now held in the treasury will be, canceled, and the number of
shares of 4V2%
stock that exceeds 65,000. that will be redeemed, will
complete
.
tires Preferred Stock Issues—Common Stockholders Re¬
$6,500,000.
To
it
announcing
Canaday
was
1941
$5,257,723
income
Western
of
shares
94,225
called by the company at 104,
reduced from
$10,000,000 to
to be
will be
are
authorized
preferred
balance
1942
1,392,936
6 Months Ended June 30—
,
The
allocations.
receive
preferred outstanding
Total
ry.
preferred will be exchanged,
share, for new 47c preferred, plus a cash payment of $3 a
more than 65,000 shares are presented for .exchange,
stock¬
share.
4V'2%
from
Net
22
plan 65,000 shares of 4V*%
the
Under
Sept.
on
1943
$4,291,968
railway
railway
oper.
Net
approved the proposed issuance of a
new
4% cumulative preferred stcck to replace the currently outstand¬
ing 4'/2% cumulative preferred issue.
stockholders
The
V
Specialties
approved
From Jan. 1—
Issue Approved—Ex¬
Gross
:
at
belts, card and napper clothing, perforated
160, p. 232.
million
a
1941.
"major"
40
and make
securities to carry out
1944
August—
Gross
Net
change Offer—
Mechanical
lines since
Chairman
.
1026.
Walgreen
quarter of
June,
Mr.
Earnings for August and Year to Date
11,712,725
income—
oper.
160, p.
located
be
are
by ICC and the U. 8. District Court.
37,376,192
18,485,653
6,037,324
railway
62,768,291
26,635,983
general
the
2
will
conveyor
grilles.—V.
Wisconsin
63,376,915
24,715,411
railway
Oct!
on
Division
this division
of
'•:
the
metal
and
assembly
From Jan. 1—
Gross
Net
Specialties
the products
Willys-Overland
$12,681,000.
for the road
reorganization
of
-
:
$9.
approximately
issue the necessary
to
plan
1121.
160, p.
"Jeep"—
7.'
.
22J/2%
A,
stock
common
new
will
reorganization
that
announced
25
Mechanical
where
of
cloth,
metals
preferred, series A, $15.18.
new
of
Sept.
on
the
of
Mass.,
Products
wire
in
distributions
effective
bonds, (series
income
of
below.—V.
Spencer Steel Co.—Moves Office—
.address.. V'
the court
$225.
share
office
Springs Co., Inc.,
the road on aiL those'exceeding $400 a month.
following
4Va %
or
each
The
$7,298,994
$7,816,725
railway—
railway
oper.
the
each
These
1943
Court
committee
the
presently outstanding bonds of the company will receive
securities under the plan of reorganization cash dis¬
new
bonds,
With
With
1944
District
S.
A
Wabash RR.—Earnings.
Approved—
new
in
competitive-bidding,
manufactured.
The Mechanical
Specialties general sales office has been previously
located at
500 Fifth Ave.. New York, N. Y.
A district sales office
of
this
division
will
continue
to
be
maintained
at
the New Yoi'.k
change to $9,825,000 which had been proposed.
Agree¬
that in the reorganization no change in salaries
a
their
tributions
V
August—
certificates
be undertaken by
Holders
with
U.
under
Mineral
company
Clinton,
entered
stockholders
of $2 per share.—V.
.
trustees'
place of
the
of
reorganization
securities
would
the
Dividends
Sure
the
was
equivalent
to
St.
new
ment
to $5.32 per share of outstanding stock.
With
provision for estimated excess profits taxes there is
company a post-war credit in the amount of $196,259..,
is
respect
due
in
F.
authorized
issuance
year.
amount
The
The
sales
Western Pacific RR.—Distribution
$2,460,916
outstanding at
shares
679,480
on
$280,549
1336.
-
'
'
.
through
White Rock Mineral Springs Co.—Distributions—
"
year
earnings for the fiscal year amounted to
Consolidated net
or
'
the
constituted
and
1944,
ending
fiscal
the
for
$31,993,063
of
high
new
a
income
160, p.
sale
bidders
and was accepted. On these bases the average annual cost of the
proceeds to the applicant will be approximately 1.70% .—V. 160, p. 1235.
Wickwire
—V.
for
sent
were
the
2,202,244
_
charges
Net
Co.—Earnings—
Chemical
Vick
offered
were
companies,
$5,601,826
269.248
'
•
Inc.,
:
Fixed
;
The best bid, 99.22% of' par(and accrued dividends, bksed on'
the rates hereinbefore mentioned,-was made by Halsey, Stuart & Co.,,
,
$5,383,699
218,127
income
Gross
.
equipment.
ceived. ;
.
Drl25,122
—
certain
of
to 1?4 banks, investment firms, and
being required to name the rate of
dividends to be borne by each maturity in multiples of; Vs of 1% per
annum.
In response thereto 6 bids representing. 16 parties were re¬
insurance
$5,281,005
227,816
35,196 ;•: '* 354,475
49,887
Drl4,051
procurement
invitations for bids
and
3,957,000
income..
oper
ry.
Other
has been declared on the no par
16 to holders of record Oct. 5.
10, July 15, Oct. 15 and Dec. 31,
1235.
p.
facil
Joint
$703,191
$485,979
Operating income
Equipment rents
value or cer¬
t,' ;/;''
America—25-Cent Distribution—
Vanadium Corp. of
value
Taxes
1944—8 Mos.—1943
$3,086,483 $24,955,287 $23,452,046
1,796,292
15,646,747
14,214,041
$3,170,587
2,163,608
_
the
report of the Commission'states in part:
The-certificates
1944—Month—1943 V
31—
revenues
contracts,
such
be made by delivery either of certificates of $5 par
may
Period End. Aug.
Operating
Operating expenses
Exchange may in its discretion
unless previously effected,
the
that
condition
settlement
that
with
The
Western Maryland Railway—Earnings—
Exchange:;contracts
$5 par value shall
Exchange directed that
Sept. 25 in common stock of
Stock
after
,
Oct,
on
amendment to the
proposed
a
New
made
be
on
.
tion
11, 1944, the stockholders
certificate of incorporation
which provides for a change in the par value of the common stock
from $5 per share to $10 per share (see V. 160, p. 1120).
'
At
will
Wheeling & Lake Erie Ry.---Equip. Trust Certificates
Inc.—Changes in Personnel-
Peckham, Comptroller of Sales, has
B.
David
treasury cash to make up any deficiency
own
To
Western Electric Co.,
the sale of common stock offered to stockholders
redeem
the preferred
stock, the company will
proceeds from
insufficient
are
use
Monday,; October 2, 1944
rf
110.6
weighted aggregate.
.
110.6
Major
110.6
group
llo!6
indexes
are
110.6
arith¬
,
Volume
:
160
Number
-
THE COMMERCIAL
4321
Selected Income And Balance Sheet Items g
!'
The Bureau of Statistics of the Interstate Commerce Commission
statement showing the aggregate
a
totals of selected in¬
and balance sheet items for class I steam
come
railways in the United
States for the month of June, 1944 and 1943, and for
the six months
ending with June, 1944 and 1943.
These
•
figures
131 reports
(
subject to revision and
are
representing 1^5 .steam railways.
compiled from
were
The present statement
excludes returns for class A switching and terminal
report is
—1
All Class I Railways
For the month of June
Net
Other
1944
income
opeiat.
ry.
17,401,481
88,754,728
81,581,330
126,364,499
640,158,871
793,757,476
6,019,947
available
Other
48,527,627
782,914
745,452
279,625,240
306,496,956
339,077,808
472,813.960
~
2,739,204
2,348,961
16,544,408
14,248,678
61,337,052
70,545,926
322,533,400
458,565,282
26.853,929
26,411,241
159,441,874
158,437,074
(way
ana
and
equip.)
of
defense
15,236,918
;
11,273,601
121,450,602
>
89,004,657
of
stock—
income
62,944,165
646,399,458
125,237,447
appropriations:-
common
had done during his
previous occupation of the office
and before that as Director of the
Steel
663,491,235
7,083,759
.
j
■'
71,439,125
6,729,364
.''% 1,152,943
2.21
66,404,381
.14,987,915
2.43
1,705,517
.<
Receivership
Balance at end of June
'
,
Selected Asset Items—
those
of
in
fhcr r;:;:
2.54
1944
Trusteeship
or
Balance at end of June
1943
1944
1943
-
stacks,
affiliated
institute such of the reconversion
Cash
$502,367,008
944,276,979
cash
$566,334,324
$540,022,408
Loans
1,250,535,348
1,409,694,619
992,380,938
163,179,057
203,265,314
115,250,070
164,463,865
185,698
273,975
—
and -bills receivable-
-
45,609^832 I
^8,436,202
37,063,524
and
26,264,079
con¬
146,158,712
accounts
167,299,374
122,510,337
136,778,380
re¬
ceivable
649,105,558
Materials
Interest
253,702
receivable
agents
and
ceivable
570,798,603
504,529,132
455,221,017
588,622,371
supplies
dividends
and
516,510,997
481,830,252
425,634,560
re¬
25,825,812
—
21,983,777
20,105,232
18,940,405
'
Rents
current
1,560,122
1,180.952
*1.019,651
887,021
60,526,556
47,512,967
56,657,225
34,411,133
assets....- 4,458,914,880
3,869,164,568
3,513,929,577
3,094,505,832
receivable
Other
Total
—
assets
current
!
Selected Liability Items—
JFunded
type,"
SLoans and
'Traffic
•
months
six
bills
and
balances
Audited
enced
the
1,500,000
428,164,238
360,331,140
Unmatured
Nelson.
■
tax
liability—.
U.
S.
.
of
accrued
U.
61,722,277
24,923,875
26,929,139
55,779,832
12,916,027
<17,036,588
47,892,227
14,631,374
1,491,467,110
62,961,832
95,018,830
2,268,461,595
13,624,848
v
17,531,133
1,356,875,482
96,669.180
tax
&
2,347,830,269
12,916,027
14,582,084
1,192,414,236
73,649,554
1,931,752,724
-
•
1,595,783.480
1,220,251,034
1,371,005,188
1,079,478,972
2,268,461,595
2,347,830,269
1,931,752,724
accruals,
including 'jthe
amount
in
default:
tFor
railways
not, in
trusteeship the net income was as follows: June, 1944, $52,760,387;
■June,
1943.
$56,562,964; for the six months ended June,
1944,
$273,134,587;
six
months ended
June, 1943, $358,938,003.
tlncludes payments of principal of longterm debt
(other than long-term debt in default) which will become due within six
or
(the
six
:
I
after
ratio
close of
was
months,
month
follows:
as
1943,
2.53.
of
report.
(IFor railways in
receivership and trusteeship
2.32; six months 1944, 1.80;
June, 1944, 1.85; June, 1943,
§Ineludes obligations which mature'not
more
than
one
year
after date of issue.
"Figures include returns of the Minneapolis and St. Louis which
from receivership on Dec. 1, 1943, Chicago & North Western, June 1, 1944;
Missouri-Illinois, June 1, 1944, and the Akron, Canton & Youngstown which emerged
emereged
from trusteeship
on
the
Mr,
"He
.
Feb. 1,
1944.
Boulware Quits WPB Post;
Batcheller Named Successor
The acceptance with "great re-
,
luctance" of the resignation of L.
R. Boulware, Vice-Chairman
of
the Office of Operations of the
War
Production
Board,
was
an-
;
nounced on Sept. 6 by J. A. Krug,
Acting Chairman of the Board. In
'making the announcement at a
'
*
J
;
'
tion Board
over
a
period of more
than two and one-half years.
had
He
been
largely responsible for
part in successfully ex¬
pediting last year the all-impor¬
tant destroyer escort program and
the two landing craft programs."
Mr. Krug also said:
WPB's
a
further
and
respected
the North Atlantic and Pacific
States
Coast
one-half
and
convinced
was
declined
10%,
beets,
clined
1%
program
change his mind.''
"Mr!
hi said, had "rendered
we
expect from him.
The latest of these was the heavy
which, during the
weeks, had responded
four
well to Boulware treatment.
past
obvious that with these
to
prospects about 2%,
so
duction
likely
now
seems
Vice-Chair¬
Operations
an
who would
quickly be pub¬
one wholly of
choosing.
I am still of
that same opinion, and I am most
happy to see that he has made
licly recognized
as
own
excellent choice."
an
Batcheller,
in
his
turn,
spoke of the pleasure he felt at
being back with the organization
he knew
well and of his satis¬
so
my
achieve¬
be
faction
standingly
Forecasts
favorable
based
out¬
season.
conditions
on
re¬
ported Sept. 1 indicated aggregate
production about 4%
crop
production
last
year
year,
1923-32
the
above
above
9% above
prior to 1942, and 22%
"pre-
or
drought" average.
Prospects continued to improve
to
be
off
ex¬
till the
of
late-planted
Notwithstand¬
ing all the delays in planting last
spring, all the local losses from
drought this summer and all the
crops can
mature.
vexatious
from
handicaps
war-time
and
delays
conditions,
few
a
weeks of favorable weather could
give the largest aggregate volume
be
in
call
on
connection
with any matters of which I have
had responsibility or knowledge."
Krug's letter accept¬
ing the resignation of Mr. Boul¬
ware
we
quote:
resignation with
great reluctance because you have
done a splendid job and, I know,
would
I
am
have
continued
to
do
so.
especially mindful not only
of your record in expediting war
work
but also of the fact that
reconversion already accom¬
plished and the further prepara¬
tion
this
in
direction
done to such
have
been
substantial degree
in the bureaus and divisions un¬
a
der your control.
"I
of
announcement
an
your
resignation until now and
for your having been of such con¬
structive help to me meanwhile.
You
have
served
am
so
lic
or
country
your
sure
you
will
con¬
in the further pub¬
private
undertakings
which you decide to engage.
in
You
know you have my best wishes."
It
was
that Mr.
made known
on
Sept 9
Krug had designated A.
H. Bunker and Mr. Batcheller
his top aides in what he called
as
a
reconversion.
chief
Batcheller
Both
are
of
chief
new
Mr, Bunker
staff,
of
titles.
and
Mr.
operations.
Mr. Bunker
had been Deputy Executive ViceChairman.
This position has been
eliminated,
as
Executive
Vice
has the position of
-
Chairman
for¬
feed
stock
and
shortages.
poultry
much
hay
for
kept,
numbers next winter
as
if
reduced
are
indicated recently the
as
supply
of
feed
livestock
grains
per
be
would
in any recent
plemented
by
large
as
The
year.
is large and will be
crop
It
of live¬
numbers
sup¬
of
sorghum forage, but there will be
only about the usual hay supply
in relation to livestock, and there
will
a
crop
be
some
local shortages in
principally
affected
by
drought.
As now estimated, both in yields
areas
and in
acre
tobacco
second
highest
dicated
past
total production,
would
crop
be
cotton
records
is
the
and
the
The in¬
record.
of
yield
on
above
expected
is close to the average dur¬
the last half dozen years.
crop
ing
Dried
beans,
crops
with
pared
but
flaxseed
and
peas,
all
are
fairly
pre-war
large,
com¬
production,
substantially below last year.
prospective fruit produc¬
Total
ilies
have
was
than offset by increases
and
others
done
their
have
they could,
Gains
part
well
helped
where
-Z*^
v
during August
local
were
In the early part of
drought was rapidly
reducing possible production in a
large area which covered nearly
all of the eastern Corn Belt,
tucky
and
Later
Grande.
Ken¬
Tennessee,
stretched from Boston to
and
the Rio
the
month
rains and cooler weather
brought
in
relief to most of the dry area ex^
cept the Northeast, most of which
in early
has had rain
There
also
were
September.
rains
excellent
much rain for small grain harvest
Dakotas.
the
in
little
very
There
rain
has
been
recently in Wy¬
States west
oming, Colorado and
of the
Rocky Mountains, and dur¬
ing August there was insufficient
rain for potatoes, apples and some
other
crops
in
the
Northeast.
Early
have
frosts
potatoes
aged
already
in
dam¬
Colorado
and
locally elsewhere. On the whole,
however, moisture conditions are
favorable
grateful for your having
am
deferred
national
in
in the western Corn Belt, but too
"I accept your
large grain crop is
go far. to re¬
decrease
months
will
indicated
crops
this country has ever
produced.
It is evident that, in
the main, farmers and their fam¬
the
connection
now>
tion for this
uneven.
in
this
affect the
may
the
and
desire
lieve
per
is
the total
•
When
ther
improvement
and
rye,
harvested it should
during early September, and fur¬
Boulware said in part:
may
years.
as
that
larger
crop,
153,000,000 tons, compared
with
143,000,000 tons last year,
155,000,000 tons in 1942, and 'a
range of 120,000,000 to 136,000,000
tons
during
the previous
five
large
in
set
of
crop
production
all-time
record
the
totals
of
in having a further op¬
portunity of being of-service.
*
In his letter of resignation Mr.
"Obviously, I.want to be of any
immediate service you or my suc¬
grain
bushels,
buckwheat
small
unit
of
Mr,
the
farm
acreage
have
pro¬
to
usual
except 1942 and within 2% of the
large
job
that
68,000,000
than
above production in any past year
ignation and discussed
him, that in doing the
with
The net
changes during August
improve national crop
if frosts hold
big
loss
some
of wheat in the Dakotas.
of
of
weather
Wet
caused
pected
It is
to his credit, I would do
best to get him to stay with
ments
'
signal service to the. War Produc¬
4%.
to
harvest time
at
in
chief
need
early
frost.
is
for
the
of
most
where crops are still
area
growing; the
freedom
Conditions
from
also
are
favorable for the wheat crop now
being
sown
With
the
crop
000,000
tions
a
is
forecast
bushels.
at
This
bushels
above
is
3,101,172,-
expecta¬
month ago and would ex¬
ceed production in any past year
except
heavy
shock
changed very
August.
A slight
season
during
more
commercial
apples
in other deciduous fruits.
gate
tonnage
of
the
deciduous fruits
pears,
Aggre¬
eight major
(apples, peaches,
cherries, plums,
grapes,
and apricots) is indicated
to be 21% greater than the 1943
prunes
production and 10%
the
10-year
greater than
(1933-42)
average.
Prospects are favorable for citrus
crops in all producing States, and
conditions
Sept. 1 indicated an
tonnage
of
oranges,
grapefruits,
lemons,
limes
and
on
aggregate
tangerines
fully
duction
The
from
large
as
the
from
of
bloom
1943
the
prospective
duction
1944
the record pro¬
as
bloom.
aggregate
fruit
pro¬
(deciduous
and
citrus
combined)
season
is 10% to 15% greater than
in
the
1944-45
production in the 1943-44
Combined
almonds
pecans,
indicated to
1943
average.
It
and
of
the
(walnuts,
filberts)
be about 15%
47%
and
season.
production
four important tree nuts
above the
is
above
10-year
.
now
that the aggre¬
appears
gate tonnage of commercial truck
crops
for the fresh market in 1944.
(winter, spring,
seasons
summer and fall
combined) will exceed the
previous high record of approxi¬
mately 7,000,000 tons in 1942 by
11%, slightly less than was
a month ago.
If present
indicated
than normal rainfall
during August in nearly all of the
important corn producing States
000,000
little
about
in the Southwest.
more
1942.
rains
have
the
In
losses
and
reduced
now
to
estimates for
and
dry peas, apples, sugar
rice, and buckwheat de¬
when I handed Mr. Krug my res¬
it
early
in
potatoes,
with
tire
lay during which time he had
"hoped that he could persuade
drought
else¬
August, prospects for dried beans
becomes
learned
damake
and
from
where
have worked in confidence and
harmony for two
years.
However, I
potatoes^-
sweet
result of continued dry weather
in
with competence when a number
of urgent programs had required
had
Boulware,"
departure of Mr.
and
helped cotton, peanuts, soy
beans, and sorghums.
Chiefly as
pects nearly
but the total
the kind of effective attention
had
to
tobacco
streamlining of the agency to deal
"Since late last year he had di¬
the Office of Operations
he
him
.
and
rected
special staff meeting, called by
Mr. Boulware, Mr. Krug said that
accepted Mr. Boulware's
.' resignation after considerable de-
of Mr.
friend with whom and for whom
well and I
'
'
created
Boulware
close
a
tinue to do
t
for
any
is
'
! months
step into
the
•
Gov¬
taxes
'Represents
recervership
62.822.554
.
2.799,265,732
S.
to
situation
From Mr.
52,075,532
•
than
ernment
4
69,149.518
27.209,248
liabilities. 2,799,265,732
Government taxes-
Other
'f
88,641,556
:
1,742,002,636
liability:
•
98,495,102
59,079,736
liabilities—. V
current
Analysis
..
300,160,781
13,624,848
current
Total
353,769,202
de-
Unmatured rents accruedOther
110,144,566
25,203,892
Ciared
'Accrued
needed
stated:
I
,
113,398,419
,
70,908,170
unpaid
dividends
leader
emergency
leaving the War Production Board,
'
unpaia-
matured
"of able, experi¬
said,
1,600,000
/•
168,954,817
accounts
matured
his
to
leave his
to
with any past activities on current
work
in
progress.
Also,
after
and
•Unmatured interest accrued
•
'
148,842,338
130,114,377
Dividends
■
„>
210,323,681
payable
.Interest
15,113,928
,
—
accounts
explanation
decision
Wilson and
the Great Plains and the Appalachian Mountains added
172,000,000 bushels to the prospective corn crop, boosted prospects
between
effect
138,148,485
185,670,647
6,138,386
payable
wages
157,737,409
payable—
Miscellaneous
t
203.509,004
car-service
(Cr)
he
The United States Department of Agriculture, at
Washington,'*'
Sept. 1, issued its general crop report as of Sept. 1, which we give
in part below:
Unusually abundant rains during August over most of the area
on
,
office, Mr. Boulware declared that
he had the greatest admiration for
Mr.
Krug.
"He is exactly "the
cessor
maturing
debt
within
his
prov¬
1447
Agricultural Dept. Report On Crops As Of Sept. I
was
further
of
such
ductors
Miscellaneous
184,101;
_car-service
„
balance
from
839,270,732
1,833,864,183
—
and
within its
was
■'/. V-
staff
his
balances (Dr.)-—,
Net
771.834,211
1,054,618,282
invest¬
Special deposits
as
ince.
man
Traffic
was
that still has to be done he should
com-
$591,309,529
ments
he
said
and
plete its part of the war produc¬
tion effort and would successfully
14,599,629
other .than
panics
Temporary
Division,
that under his leadership the
Office of Operations would com¬
fixed
to
All Class I Railways
etc.,
Mr.
that
I
'
♦'Class I Railways Not in
bonds,
of
Batcheller
"
2.32
Investments
,
Office
the
constructive' work
the
I
»■
in
by the recent resignation
.charges
.
120,205
50,929,875
.
72,894,887
preferred stock
IRatio
216,926,846
n
64,076,256
projects
Dividend
r-202,159,013
charges
.Federal income taxes,-.
*
88,824,658
76,683,313
35,709,566
:
119,293
income
Amortization
Boulware
In
15,100,104
35,209,600
charges
structures
On
779,310,916
____
fixed
Depreciation
On
618,703,048
charges...
fixed
Contingent
•
123,824,762
deductions
after
tNet
14,446,560
13,198,734
.
Total
■
Operations, had agreed to return
to WPB for a further period and
would immediately take up his
new duities.
Mr. Krug spoke in
the most complimentary terms of
roads
^Interest deductions
■■
21,455,823
equipment
V
Inc.
Mr.
program
~~
leased
for
2,539,737
112,603,883
for
charges
■Fixed charges:
;
1943
$712,176,146
18,802,129
fixed
and
.> 1944
$551,404,143
$108,963,018
deductions
from, income
Rent
•
118,623,830
Income
Income
shall
we
Krug then announced that
Hiland G. Batcheller, President of
Allegheny Ludlum Steel Co., who,
uniquely enough, had preceded
For the six months of
1943
$99,821,701 if.
income
Total
•Miscellaneous
be-that
-
sure
Income Items—
.
The
companies.
-r.
follows:
as
it may
us-^and
yet get him back."
Mr.
Glass I Railways For June
has issued
& FINANCIAL CHRONICLE
estimated
S.
at
in
the
wheat pros¬
16,000,000
U.
Dakotas
bushels,
wheat
crop,
1,115,000,000
bushels, is about, 10% larger than
the great crop of 1915,
harvested
up
to this
the largest
time.
Sor-
phums harvested for grain are ex¬
pected to total about 150,000,000
bushels,
compared
with
112,000,000 bushels in 1941, the high¬
est production to date.
Adding
the fairly large crops of oats and
merly held by Charles E. Wilson. I barley, the near record rice crop
indications
borne
are
out,
hte
tonnage this year will exceed that
of last year
by about 18% and the
(1933-42)
average
by
10-year
22%.
A
record
new
is indicated
for each seasonal group
this
year,
with the heavier increases having
occurred in the winter and spring
seasons.
Summer
nages are
indicated to exceed the
and
fall
ton¬
previous records by 3%
and 2%,
Compared with last
year, however,
summer produc-.
tion should be up aboukone-fifth.
jf
respectively.
Rains
during
the
last
half
of!
August
temporarily relieved the
drought in most of the areas pro¬
ducing
summer
and
early, fall
vegetables, but
moisture
was
northeastern
central
areas
on
Sept.
needed
and
in
1
in
some
more
most ^
north
to finish late matur-
(Continued
on page
1448)
THE COMMERCIAL & FINANCIAL CHRONICLE
1448
Montana
Agricultural Dept. Report On Crops As Of Sept. I
(Continued from page 1447)
ing
satisfactorily.
Market
are expected to
high records for com¬
crops
r
vegetables which
the
show
''fired" much of the early acreage
new
mercial
production this year in¬
1944
onions.
of the
prospects ,; for
vegetables for
production
eight
ing rains fell in August. This has
been a significant" factor in off¬
important
processing
(snap beans,
green
peas, sweet corn, tomatoes, beets,
lima beans,
kraut cabbage and
pimientos) indicates an aggregate
tonnage about 10% above the 1943
production of these crops and 51%
more
than the average quantity
estimated for the preceding 10-
(1933-42) period.
Despite the hot, dry
August
weather than hindered the
devel¬
year
opment
of
many
unharvested
processing vegetables, indications
for tomatoes on Sept. 1 point to
production of 3,173,800 tons
1944, or about 19% more ton¬
the
for
ranging from
and made recovery
material to remarkable as favor¬
clude cabbage, lettuce and
On Sept. 1 an appraisal
in production in
setting declines
other sections.
'
in
Harvest of corn is under way
Florida and Texas, and progress¬
ing northward as far as Virginia.
the Northeast silo filling and
In
partly
started,
emergency
an
as
prematurely
salvage
to
measure
have
fodder
of
cutting
some
ripened fields in which ears were
partly barren or mere nubbins.
In the northern areas some fields
were
far from;'/maturity,
while
others across the road were well
dented, with most of the acreage
Hy¬
outyielding
Still in the, ear-filling stage.
brids
heavily
were
than the 1943 production of
2,659,100
tons.
On the - other
hand, sweet corn production pros¬
open-pollinated varieties in much
of the drought-affected area.
reduced 10% from the
of 1,221,200
tons, and it is now expected that
1,097,300 tons will be produced
this year, compared with 1,162,000
mixed
nage
pects were
Aug, 1 indicated crop
States
the eastern
sharp drops in Michigan and Wis¬
407,030 tons.
During
the month little change took place
of
prospects
for snap beans, and 258,100 tons
are in prospect for 1944, compared
with 261,900 tons for 1943.
1944' production
prospective pro¬
duction by 3-3,500,000 bushels for
the
five
States."
But this was
lowered
consin
than offset in Iowa alone by
more
bushels
five
in
yield, adding 57,000,000 bushels to
the total.
Other sharp upturns in
yield and production prospects in
Missouri, South Dakota and Ne¬
Improvement, as a result
August weather, par¬
favorable
ticularly in the western Corn Belt,
has reased prospective corn pro¬
duction to a near record level.
A
shifts
The net result of these
the total.
125,000,000 bush¬
1 prospects and
chiefly .-responsible for the
above
els
was.
increase
production, to aboye 3,100,000,000
This would be second
and
by
Aug.
the
in
whole."
*
Corn
bushelsi
only to the record set in 1942,
would exceed the 1943 crop
Corn
Belt production
in estimated
made during August
raised
States
within
bushels was
172,000,000
of
of
increase
an
/ braska, plus moderate increases in
of Minnesota and Kansas, boosted
Corn
/
gain
in
declines
exceeded
far
production of
ing shows 365,660 tons for 1944.
This is 10% below the 1943 pro¬
the
Improvement in the
western; and southern Corn Belt
for canning and freez¬
green peas
The pre¬
1943.
liminary estimate of
in
of
in various parts
trends
the country.
portion. Further de¬
clines in yields during August in
Ohio, Indiana / and Illinois,, and
tons harvested in
duction
the
reflected
Belt
Corn
The
country
a
as
'/'y!-";/"/'*4
;■/'/t /
prospects were sharply re¬
in
the
North
Atlantic
duced
States because of dry weather
^n.
25,000,000 bushels. A crop
of this size, if realized, would ex¬
ceed the 1933-42 average by 732,-
August. New York and New Jer¬
sey yields suffered most seriously,
and in much of Pennsylvania, and
nearly onebe
considered,
particularly coastal portions of
New
England,
corn /had
fared
about
000,000
bushels,
third.
It
or
must;
that this 10-year aver¬
however,
includes the two drought
years, 1934 and 1936, in each of
which production was only about
1,500,000,000 bushels. An average
age
31.8
yield
of
vested
acre
compared
bushels
is indicated
per
on
har¬
Sept. 1,
1943 and
The acreage
is the largest
with 32.5 in
the average of
25.8.
for harvest this year
since 1933.
'
,
The serious deterioration of the
crop
which occurred during July
by August rains in
checked
was
the
droughty
area
•
extending
the country southwestward
across
portions of the Ohio River
from
Valley States through Kentucky,
Tennessee,
Arkansas,
parts j of
Missouri, Georgia, Alabama, Mis¬
sissippi,
Texas.
Louisiana and into east
During August, however,
conditions
droughty
expanded
badly and there
for silage and
Improved
Atlantic
States
,/////
came
most
as
South Central
result of timely
a
Much
rains.
been
since Aug.
early
corn
beyond
damaged
im¬
provement, but the late corn re¬
All spring wheat is estimated at
329,278,000 bushels.
In spite of
so
son,
bushels
other
spring wheat is 9% above
largest produc¬
showing
was
exception,
an
decline, while prospects
a
of
1909.
Other
the
unchanged in Maryland
and Texas.
Kentucky yields re¬
covered
which
record
brunt
of
from
wheat
spring
dates
bore
weather
adverse
of
the
to
greatest degree—
4.5 bushels.
Whereas
improvement had
oc¬
reduction in harvested
14%
a
from the high 1943 level,
took place in the
of which
North Central region.
Production
later
harvesting
declined
slightly during
in
prospects
States
August.
Comparison of the 1944 barley
10-year
with
crop
duction
by
Western,
expected than
now
month ago.
a
regions
pro¬
reveals
the
is much larger in the
South
Central
and
South
approxi¬
that
so
average
current crop
tion
estimate,
less
but is 13%
since Aug. 1 in the wheat produc¬
mately 15,500,000 bushels less are
forecast
than the 1943
larger than the
1933-42
average
production
of
barley.That the crop is smaller
than last year -is largely the result
10%
is
crop,
Atlantic
regions,
but
smaller in the North Central and
Atlantic
North
sharply down and slightly less in
the West, but substantially higher
in the South Central, North and
Continuing
rains
or
ations, and weeds became
han¬
a
dicap.
Where threshing was de¬
layed, shocks settled and sprouted,
and
partially
were
weeds.
A
storm
Outside
Montana
and
the
loss
in
spring
the
consequent production were the
same or above Aug. 1, being above
last month in the more important
per
and
acre
producing
States
of : Colorado,
Washington and Oregon.
,
The yield per harvested acre of
durum
and
other
spring
both
wheat is below last year,
but sub¬
stantially above average. The in¬
dicated durum wheat yield is 16.0
bushel per acre less
than the 18.7
Central
South
Western
and
the
Much
of
the
corn
was
acreage
of the
region, followed by Idaho, Ari¬
zona,
Washington
and
Oregon.
acreage
In other Western States prospects
unchanged
proved.
'
slightly
or
/ '
Wheat
-
■
'
,
im¬
The production of all wheat, in¬
floods, and has continued to show
dicated at 1,115,402,000 bushels on
The
Sept. 1, is 17,000,000 bushels less
much variation in progress.
planted acreage has overcome
some
of its handicap under the
late
than
was
still
the
fqrecast
largest
on
crop
Aug. 1, but
on
record.
favorable weather in This, the second billion-bushel
August, but will need a growing crop in U. S.* history, compared
spur
of
season
more
frost-free
until
at
least
normal dates in order to reach ma¬
turity.
the
An early frost would be a
In
South the larger than usual
severe
blow to crop prospects.
years.
Oats
The
oats
is little changed
as of Aug. 1.
crop
proportion
of late planted
turned out to be fortunate.
variable
Dakota,
totab acreage,
States
between
within
localities
and
States.
with 20% of the
has a yield well
though below last
t
above average,
corn
verse
of
area
good,
unusually
were
but
needed about three weeks of good
weather to make maximum
With vine growth largely
down,
full
yields.
frosted
development
Elsewhere
cannot
in
Colo¬
fine
Wyoming potato yields
of damage by
hot, drying winds to the dry land
acreage
in
Laramie
County.
Yields in Utah are quite variable.
making
are
a
showing.
declined
Local
because
frosts,
blight
caused
the crop.
windy weather and
some reduction in
In northwest Washing¬
White
ton, where the peak of the
Rose deal is over,
yields were con¬
siderably below those of last year.
the
State
yield
prospects
are
good.
make
good
tubers
are
and
usual,
than
later
planted
Idaho,
In
progress.
small for this stage of
California
season.
growers
harvesting and are
now
ob¬
taining excellent yields.
i'"i'
Cost
Analysis Service
Offered To Country
Banks By
j
The ABA
Barley harvest has
verse
weather, but these local fac¬
tors
were
1,190,540,000 bushels.
favorable
3,000,000
This
bushels
is up
the
from
this
1943
the
bushels,
16%
10-year
than
the
average
of
more
(1933-42)
1,028,280,000 bushels.
Excepting
States,
the
largely
damage to yield
some
in
North
harvest
of
progress
season
favorable
crop
has
weather
wet
quality, the
ana
Northwestern
the
where
good
has been
harvesting
for
In
the
condition.
Central
region,
leading
oats
producing
area,
yields are favorable from the Da¬
Country Bank
ing received daily, Kenneth J.
McDonald, Chairman of the Com¬
mission, reported on Sept. 14 as
crop.
first
production ■••/ prospects the
Potato
continued
during Au¬
decline
to
gust, registering a loss of about
7,700,000 bushels since Aug. 1. A
crop
on
Operations. More requests are be¬
by
offset
Potatoes
1,143,867,000
of
crop
and
tion Commission
generally
growing conditions for
Aug. 1 prospect and is 4% above
of 377,589,000 bushels is now
1944, compared with
forms
placing the
an¬
project in operation were
ready for mailing to the banks.
Banks wishing to take advantage
of the cost analysis may make re¬
alysis
quests by either mailing the card
in 1943 and recently sent them or by letter to
the Committee on Cost Analysis
the 10-year (1933-42) average of
of
the
Commission on Country
362,912,000 bushels.
Production
Bank Operations. The actual cost
in the 30 late States, where most
indicated for
464,656,000
the
of
bushels
August losses occurred, is
at 300,381,000 bushels,
estimated
work starts
ciation's
"The
compared with 363,543,000 bushels
in 1943 and the 10-year average
October 2. The Asso¬
announcement
cost
said:
analysis service was;
recently offered without charge to
288,276,000 bushels. In the in¬ country banks with resources of
termediate and early crop States, $5,000,000 or less by the Commis¬
the
estimate
is
slightly larger sion, after its methods and results
Wisconsin, but below
average across the Corn Belt from
Nebraska
and
Kansas
to
Ohio,
of
than
kotas
to
larger
a
proportion
than
usual of late oats produced a dis¬
appointing
crop.
/Yields
range
from
States.
early
Yield
sown
to
near
and
oats are
or
other
quality
of
average
in
above
aver¬
rather
age
generally, but vary
between areas for the
sharply
of the
crop.
30.0
reported
had been tested in more than two
month earlier.
a
Growing conditions during Au¬
indicated yield per acre is
bushels, compared with 29.9
offset
partially
only
showers.
Rains
in
by
August
late
too late to be of much bene¬
came
plantings in the late
States but should be of consider¬
fit to earlier
the late or main crop
acreages.
Aroostook County, Me.,
had a timely rain on Sept. 1 which
maintained the prospective yield
able help to
at the Aug. 1 level. On
Sept. 1 about 80% of the potato
bushels last month, 29.8 bushels in
per acre
1943, and the 10-year average of
bushels.
Sept.,1 yields Der
fields
28.6
acre
for
States
their
the
this
leading
production
compared with
average in paren¬
year
10-year
thesis,
Late
26 degrees.
in that
to
level,
Oats production is now placed at
the indication
from
35.0
caused primarily by ad¬
weather during the harvest
dropped
been com¬
According
to
the
American
pleted in all but the latest areas. Bankers Association more
than
During the growing season the 3,000 country banks have already
crop in various States suffered in¬ requested the cost analysis service
jury from insects, diseases and ad¬ recently offered by the Associa¬
with
crop was
perature
Before the freeze prospects
year.
The 10-year average is
bushels, which, however, in¬
cludes
several
severe
drought
last year, and
836,298,000 bushels produced
the 10-year average
Of 760,000,000 bushels.
The de¬
cline since Aug. 1 in the indicated
Washington.
12.4
The
planted later than usual, because
unfavorable
weather
and
of
and
damage occurred in the
San Luis Valley of Colorado on
Aug. 26 and 29, when the tem¬
last year.
later part
.
Nevada
below the 10-year
but
yields *are
is
yield
average
were
led
than offset by
was more
Freeze
are
during most of August.
was
Utah,
the
were
The reversal
corn
prospects
re¬
Northwest
the
potato States a
improvement in Nebraska
reductions in Colorado, Wyoming,
gions, and in most of the Atlantic
area.
In the North Central region
above
ing August.
the western
however, much of the acreage was
slightly
In most other
sections
In
slight
in 1943 and 21.7 bushels
the 10-year average yield.
Yields
are
much above average in the
per acre
Pacific
continued serious.
waterlogged the soil and brought
about- conditions conducive to rot.
In Idahof Oregon and Cali¬
fornia potatoes have continued to
prospects remained good
or
improved, particularly in the
western
Corn
Belt, where the
weather was extremely favorable
Pennsylvania,
the estimate of Aug. 1, al¬
though,heavy rains in late August
from
of
half
and
and
change
no
This is slightly lower
than was expected a month ago,
but compares with 21.9 bushels
crop.
by Colorado, which has more than
York
while in New Jersey the situation
during July in the Western
States, the reverse was true dur¬
show
1944
well above average in the
South Atlantic, South Central and
New
of
curred
Dakota
But in the main commercial area
gust were variable.
The adverse
effects
of hot, dry weather in
Eastern and Middle Western areas
nois, southern Michigan, and parts
Minnesota
in
prospects
yield per acre averaging 22.9
is now indicated for the
Other spring wheat
bushels is more than a
17.5
at
A
of
to prevent
bushels
North
11.2 bushels.
in New York,
States.
highly
and
Production
areas.
year
Michigan, all South¬
ern
States, Montana,
Wyoming,
New Mexico, Arizona, Nevada and
California, but below in all other
compared with 17.0 last
the 10-year average of
bushels,
year
above last
New Jersey,
Dakotas,
Wyoming
yields
by
wind
and
extensive
caused
wheat
hail
severe
Montana.
hidden
South Atlantic
is
tion
North
potatoes
Weather during August was un¬
favorable for both combining and
slightly
.
further deterioration in yields per
acre on these plantings.
Produc¬
place.
tion in
late
too
were
take
cline is in North Dakota alone.
threshing.
August
rado
crop,
were
the rains during the latter part
Com¬
pared with the 1943
wet fields halted combining oper¬
acreages
damaged by hot, dry weather, and
produc¬
the North Central region is
regions.
Twelve; million bushels of this de¬
where
remain
bushels .is^now
crop
last year, and the
tion
290,-
of
preliminary estimates of the
crop in States where it is har¬
vested
early, and from Sept. 1
production indications in the later
harvesting States.
The current
most
the
Virginia
036,000
earlier
■
barley:/,crop
from
acreage
Durum wheat,
35,503,000 bushels, is
slightly below last year's crop of
36,204,000 bushels.
The Sept. 1
estimate of 293,775,000 bushels of
the
West
1944
largest since 1928.
possible in the aver¬
were
since
A
indicated at
yields of most of these States.
age
which occurred
the decline
Aug. 1 in spring wheat, the spring
wheat crop as estimated on Sept. 1
is 7%
above last year and the
and caused
proportion of the
planted late this sea¬
that gains of 0.5 to 4.5
ma¬
v-//-//://
than
usual
area
forced
turity.
slowed
the
which
August
early
sponded to the improved growing
conditions.
Fortunately,
more
acreage was
1 in this
damage from rust than
Barley
■
the
to
expected earlier, and dryness and
excessive heat in late July and
only
South
in
prospects
and
August
had
bar¬
fodder was a com¬
practice.'
mon
Illi¬
into northern Indiana, lower
many
were
Salvaging of the crop
ears.
ren
decline
were more
to
appears
Other
Wyoming.
contributed
which
\
have withstood
effects of dry weather, which
corn
and
factors
Monday, October 2, 1944
are as follows:
Minnesota,
(32.4); Iowa, 30.0 (32.0); Wis¬
consin, 42.5 (32.1); Illinois, 31.5
(32.9); South Dakota, 33.0 (23.3);
North
gan,
spring wheat in the Dakotas, (23.0).
Dako/ta, 34.0 (22.0); Michi¬
32.0 (32.8), and Texas, 27.0
in
Aroostook
were
green
experience by 300 banks.
provide the average bank
years'
It
will
with
an
analysis
accurate
of
its
costs, check its operating ef¬
ficiency in comparison with banks
own
of the
a
same
charges.
cost
to
only
a
size and obtain for it
The
the
its
for
base
factual
service
banks
service
is
without
and
requires
few moments of bookkeep¬
ing time to supply the information
needed by the Commission."
Members ,of the committee in
charge of the, cost analysis project
include:
First
S^]M. Schafer, President,
National Bank, Fort Atkin¬
Wis., Chairman; William C.
and in good condition for further
Rempfer, Cashier, First National
growth.
Yields declined in all
other New England States except £ank, Parkston, S. D.; Clyde D.
son,
Massachusetts.
Harris,
Continued dry weather
ern
and
vania
that State.
States
Ohio,
southeastern
of
Pennsyl¬
yield prospects in
In the Middle Western
reduced
Michigan,
Indiana
and
President,
First National
in east¬ Bank, Cape Girardeau, Mo., and
Mr.
McDonald,
Chairman of the
Commission, who is President of
the Iowa Trust and
Wisconsin,
Illinois the Estherville, Iowa.
Savings Bank,
.
THE COMMERCIAL & FINANCIAL CHRONICLE
^Volume 160;. Number 4321
July Building Permit Valuations 24% Below June
000,000'or about 7%, since June 30,', 1943.
The increase refleeted
chiefly
additional
reserves j supplied
the banks
-
•
,
V
Building construction started in urban areas of the United States
during July was valued at $88,000,000, or 24% less than in June, Sec¬
retary of Labor Frances Perkins reported on Aug. 26.
"The total
value' of Federal contracts awarded, $20,584,000, was 40% below the
total
for
June,
started declined
1944, while the valuation of private building work
18%, from June to July," she said.
"The value of
one-fourth less and the value of
new non-residential building started was 38%
lower in July than in
June, while the volume of additions, alterations, and repairs remained
unchanged," said Miss Perkins, who added:
++'.<'''«■>•
"The 17% drop in valuation for all urban building construction
started between July, 1943 and July, 1944, was the result of a 49%
decrease
through Federal Reserve purchases of securities and some
increase in the volume of items in process of collection;
Of the assets held by insured commercial banks on June 30,
1944, 22% were cash, reserves, and funds due from banks,
55% were United States Government securities, 5% were
7.
other
in the volume of Federal
construction contracts
8.
<
>>
awarded.
PRELIMINARY
non-Federal
Federal' and
residential
new
building were V'
substantially lower than in July 1943, having dropped nearly twothirds and one-third respectively.
"New non-Federal non-residential
building, on the other hand, was almost twice the July 1943 total,
while Federal non-residential building fell off by almost one-half.
Both Federal and non-Federal additions, alterations, and repairs in¬
creased
/-'v •■■■■■./
sharply."
«•+
-Percentage change from
June 1944 to
July 1943 to July 1944—
July 1944
Other than
Other than
Additions, alterations
and
—17.5
—3.9.6
—16.7
3.0
—26.3
—39.4
—32.6
—43.7
—17.4
+87.2
+
r
1
.3
+
1.6
+
+
30.5
Number
•
-»'
,
i
I
1944
1943
1944
(In thousands
.
In
752,312
-12.5
vault
process
other
With
foreign
227,268
345,539
-34.2
33,858
143,219
—76.4
257,370
286,548
-1C.2
162,887
240,227
—32.2
173,430
120,225
44.2
7,697
10,852
which permits
were
issued
Federal construction contracts were awarded during July was 28%
less than the total for June and 43%
less than for July, 1943.
Less
This represents
a
dwelling units started during July was 23% less
month and 31% less than during July, 1943."
FDIG Reporls Record Deposils And Assets
Insured Banks As Of June 30,1944
assets
of insured commercial
banks, which have
higher on June 30, 1944, than on any other report
of the Federal Deposit Insurance Corporation.
Chairman Leo T. Crowley announced on Sept. 7.
The summary of
the assets and liabilities of the 13,269 insured commercial banks
revealed that the increases reflected chiefly continued purchases
1939,
in
the
were
due
banks
from
8,451,192
20,398
$27,190,581
obligations
(J.
S.
■
$25,537,614
$27,191,292
also made known that the comparative'^ statement
of assets and liabilities of all insured commercial banks issued by
the Corporation also revealed
.
;
,
since June 30, 1943, 'was chiefly in
of the United States Government
which increased by $10,990,000,000.
On June 30, 1944, the
Treasury's war loan and Series E bond accounts at the
banks amounted to $18,431,000,000 out of total U. S. Government
deposits (including postal savings deposits) .of
$18,871,000,000;
2.
the following significant items:
The growth of deposits
the war loan. deposits
1.
^
+
deposits-of individuals, partnerships, and corpora¬
Demand
tions showed
an
were
smaller in
1943.
The
increase for the year of $3,941,000,000, but
amount
reduction
on
over
June 30, 1944, than
the
on Dec. 31,
six-month period apparently
$58,693,549
$51,541,848
3,393,594
3,287,646
3,441,027
2,907,248
17,392,157
subdivisions,
2,730,462
(including
overdrafts)
Total
■
2,693,904 '
V
20,732,091
Addition
In
Customers'
securities
and
loans
Banks
The
promises
ceptances
'
to
$93,959,854
;
18,843,488
3.
4.
5.
purpose
chasing
6.
or
of pur¬
carrying securities.
cash, reserves, and funds due from banks
The banks reported
of
$27,191,000,000 on June 30, 1944, an increase of $1,653,-
in
R.
the
three
preceding
A.
years,
Gardner, President, reported to
Sept.
13.
at1
He
bursement
WashingtoiT
■
said
on
the
dis¬
$883,930
of
that
to
the
associations
in
August
$15,071,373.-
45, which is 55%
more
August 31, 1943,
pay
account
on
of
not
used
$15,660
$44,625
$54,208
971,648
v
994,269
1,022,511
122,728
164,306
acquired in settlement of debt;
bank promises
'
as
senting
other
and
assets
premises
bank
estate
indirectly
owned
91,671
repre-
other
or
■■■■•/.
system in these prosperous'times
has decreased 10% since this time
last
Mr. Gardner said, and
year,
of
August
the
84,285
regional
asests
;
thrift and home
Mr.
able
posited
U.
S.
partnerships
periods of
States
and
and
and
Home
Loan
letters
of
credit
and
German
and
4,748,556
4,674,476
.j 10,704,765
10,680,944
travelers'
.L'--
o'.>■/+■:
v
1,550,679
1,668,876
$114,179,597 $104,115,777
the
end
'V.Total
•
deposits
The Banks
Borrowed
^
Were
money
Liable
Also
For:
^ •.+v--:
U $84,240
$45,679
58,232
__—a——'•-■■■
55,006
.
liabilities
614,778''
.
Total, miscellaneous
61,260
v
r'f
,/;■>•/*:'.y* yv.i ■■■.'
507,936
:
$676,488
The Banks Reported Capital Accounts Of:
Capital stock, notes ana debentures
Surplus
from
$114,936,847 $104,792,265
$593,666
.
+; +
profits
set
;___
aside
for
'
;
'
•
$2,841,304
--.
2,886,829.-
$2,874,548
3,190,416
3,089,817
1,129,712
—,
contingencies,
'".v'
'++»>'.•■- "v"'-.--."!
:
•
/v-;
________
Undivided
Total
capital
Total
liabilities
etc.______■
495,724
_L_
accounts
"People
should
capital
1,006,406
J"
$7,710,587
accounts______
16%
of
assets
at
482,955
••
'
1,039,182'
462,025-
$7,453,726
$7,229,340
$122,647,434 $112,245,991
$102,405,464
;i
•
of
New
express
thanksgiving";
the
crowns
forces in
pressed
Board
York /City
and
reverence
the day Victory
on
efforts
of
our
armed
Europe. This ifc the ex¬
hope of the New j York
of
directors
Trade,5 the
which organization adopted a
ommendation'
and
are
July, to 19.3% at the
August.
:
$2,894,735
(paid in by stockholders or accumulated
earnings)
Amounts
$95,176,124
^
•
./
policies
Reverence and Thanksgiv'g
Board of Trade Asks
:
v
the
is over^
war
Observe V-Day In
$24,470
...
575,803
liabilities—$757,250
Totalliabilities (excluding capital accounts.)
district
$94,582,458
outstanding
Acceptances
from
of
1,132,339
--
end of
,
this
as soon as
phase of the
increased
officers'
checks outstanding
likely
The cash position of the bank has
4,811,792
certified
ol
Bank in
being shaped to meet that demand.
11,038,203
'
form
cash
10,075,014
subdivisions
political
the
de¬
16,897,124
7,774,190
18,572,406
18,870;662
that
sustained
and said that internal
20,543,888
;
savings__________
postal
predicted
longer
„
,
,
de-
.—:
Banks
Others—in
checks,
- ■
,
t
corporations,
time
for
Government
1944
local
mand for the funds of the Federal
demand
on
its
the
to
financing institu^
Gardner
and
will be most
.
partnerships and corporations; pay- ."H''"/
-—-i—$57,364,373 $58,346,160 $53,423,385
Individuals,
1
$1,585,570
$122,647,434 $112,245,991 $102,405,464
Deposits To:
reached
advances
252,058
$1,533,112
$1,496,999
..Total .asests
Owed
Bank
in
peak
92,487
287,205
80,211
301,809
Banks
$4,000,000 less than
mid-year period when the
larger
The
outstanding at the end
was
.
_________
miscellaneous
using
reserve
tions.
real
Other assets
Total
credit out¬
ac-
and furniture and fixtures
Other real estate
Investments
on
The number of associations
at
y;*'
______;
Bank premises owned
$75,282,280
$83,521,587
Had:
Section.
The
of
its
Board
*
|
of
rec-v
Mercantile
offers
to
co¬
operate with the Mayor and with
ABA Mid-Gontinenl
Trust Meet In
The
Chicago
Mid-Continent Trust
ference
of
the
Trust
Con¬
Division
of
the American Bankers Association
will be held in Chicago
this
year
November 9 and 10, it was an¬
nounced on Sept. 12 by Henry A.
mittee, composed of the heads of
Chicago banks, and a Committee
on Arrangements.
Members of the Advisory Com¬
mittee
are:
Philip
R.
Clarke,
President, City National Bank &
Trust Company of Chicago; Law¬
rence F. Stern, President, Amer¬
church organizations in
the
attention
employees
ing
calling to
business
opportunities
thanks to Almighty
this great
New
G.
York
giv¬
God for
■
Ely,
>•.:
■'
President
Board
its
and
for
blessing.
Matthew
the
of
of
ican National Bank & Trust Com¬
v
3•
of
Trade,
on
after offering to cooperate with
Chicago;
Edward
E.
Brown, President, The First Na¬ Mayor La Guardia, issued a state¬
Theis, President of the Division,
tional Bank of Chicago; Walter ment in which he said that "on
who is Vice-Pres. of the Guaranty
J.
Cummings, Chairman of the the
Trust Co. of New York. This will
day that we win Victory and
Board, Continental Illinois Na¬
be
the
14th
such
conference
and
The Corporate Fiduciaries Associ¬
ation of Chicago, of which
Lowell,
Vice-President
M. W.
of
the
Continental Illinois National Bank
&
Trust
Company,
is
Pres¬
heavy purchases of securities by customers dur¬
ing the Fifth War Loan Drive,1 the proceeds of which were ident, will again act as hosts for
the.
Mid-Continent
Conference.
transferred to the War Loan and Series E bond accounts.
Time deposits and interbank deposits increased over the Eighteen states are included in
the mid-continent area.
year period;
The program is nearing com¬
On June 30,. 1944, holdings of United States Government
pletion, Mr. Theis states, and will
obligations amounted to $67,104,000,000, an increase of $15,include
talks; ''on
investments,
562,000,000, or 30%, since June 30, 1943;
common trust funds, new business,
Investments in obligations of States and political subdivi¬
trust administration, problems of
sions on June 30, 1944, amounted to $3,394^000,000, a decrease
smaller trust departments, pension
during the year-period but an increase of $106,000,000, or
trusts, taxes, and legislation. The
3% since Dec. 31, 1943.
Investments in other securities de¬
complete program will be mailed
clined during the year by 6% and amounted to $2,730,000,to Trust Division members early
000 on June 30, 1944;
in October.
All those planning to
Loans
and discounts
amounted to $20,732,000,000, an in¬
attend have been urged to make
crease of $3,340,000,000
or 19%, since June 30, 1943.
The
hotel
and
railroad
reservations
expansion in loans was chiefly in loans to brokers and deal¬
early.
Two Chicago committees
ers in securities and in other loans for the
reflected
+
but
year,
the credit facilities of the
$67,103,707
Government-.—
possessions
will be held at The Drake Hotel.
W
last
:
_
discounts
'
obligations
and
political
States,
insular
and
Securities:
and
support by the banks of the Government's war financing program.
Mr. Crowley
of
brought loans outstanding at the
by the banks of obligations of the United States Government and
Crowley reports that total assets of the banks as of June 30,
1944, amounted to $122,647,000,000 compared with $102,405,000,000
on.June 30, 1943, an increase of 20%.
He stated further that total
deposits increased by $19,597,000,000, or almost 21% since the sum¬
mer of 1943 and amounted.to $114,180,000,000 on June+30, 1944.
month
end of the month to
history
Mr.
associations
four times the volume for
the like
the balance
For
expanded almost continuously since the outbreak of the European
in
Loans
the
by
of
and
Other
date
8,785,454
'
______
Chicago to
savings,
loan
considerably less than for August
decline of 54% from the number of
than during the previous
war
funds
Government
S.
Loans
July total, 799 units, were in Federal war hous¬
Federally financed units started during June 1944 and a decline oi
78% from the number started during July, 1943. The number of prh*
and
12,092,461
8,436,308
19,38.1
4,438,232
12,834,452
17,936
and
Had
Individuals;
"The 8,445 family dwelling units for
Deposits and
cash
guaranteed
—29.1
Additions, alterations
<
of
Wisconsin
$1,449,901
3,538,563
$1,447,018
4,107,643
banks
The Banks
—48.2
residential
financed
_______
building
were
Bank
and
standing than
Total
change
394,298
nonresidential
vately
13,302
12,811,799
banks
domestic
Loan
Illinois
(000 Omitted)—
$1,467,749
-
banks
Reserve
;
August advances by the Federal
Home
member
Collection
of
With
Percentage
204,442
New
ing projects.
1943
13,274
13,269
Savings &
Report
August Advances
Loan Ass'ns
ministration
June 30,
1943
-—
_____
Federal
1943
New
than one-tenth of the
1043
30,
III.—Wis.-
the Federal Home Loan Bank Ad¬
INSURED
Dec. 31,
1944
•
;
Other' securities
of dollars)
change
658,068
f+;
OF
1043 AND JUNE
June 30,
•
.
With
•
(In thousands
Percentage
of dollars)
Class of construction—
or
banks
of
In
—Federal First 7 Months—-
—Total First 7 Months
repairs—
LIABILITIES
AND
JO, 1044, DEC. 31,
Assets—
territorial
being in new residential building.
The dollar value of non-Federal
work on the other hand increasesd 27%."
"and
ASSETS
The Banks Had Cash & Funds Due From Banks:
+ 59.6
+29.6
'
•
OF
JUNE
•
Obligations
Miss Perkins further said:
—
OF
'
—46.5
+
construction
AS
—62.8
—30.0
building construction started
in urban areas of the United States thus far in 1944 was $658,068,000,
13% less than the $752,312,000 for the corresponding period of 1943.
The value of new residential building declined by more than onethird and neW non-residential by one-tenth, while additions, altera¬
tions, and repairs increased by over two-fifths. x
+
"The value of Federal building construction contracts during the
first seven months of 1944 was only one-half the value of such con¬
tracts awarded during the same period of 1943, the heaviest decline
All
STATEMENT
BANKS
'
—48.9
—24.8
"The cumulative dollar value of all
'
COMMERCIAL
■
p.
repairs
1%
Federal
—24.0
—
_
New nonresidential
•
Federal
—37.7
—
;
residential
Total
—25.0
—
AH construction
New
Federal
Federal
Total
Class of construction—
and
discounts,
capital accounts of the insured commercial banks in¬
creased
by $481,000,000 over the year period, reflecting
increases in common stock, surplus, undivided profits, and
reserves, which more than offset retirement of preferred
capital.
Total capital accounts amounted to $7,711,000,000
on
June 30, 1944, equal to 6.3% of book value of assets,
compared with 7.1% on June 30, 1943.
Permit valuations for non-Federal construction were slightly higher
"Both
and
Total
fvivU.
than in July of last year.
17% were loans and
miscellaneous assets;
securities,
fixed
were
residential building begun was
new
1449
pany
of
tional Bank
Chicago:
& Trust
Frank
R.
Company of
Elliott,
that there will
know
Pres-( to
us
our sons
and
be
returned
daughters, hus-
ident, Harris Trust &
Savings bands and fathers, it is unthink¬
Bank; Holman D. Pettibone, Pres¬ able that our
people should re¬
ident, Chicago Title & Trust Com¬
pany,
and
Solomon < A.
Smith. gard this as an occasion for riotous
President,
The
Northern Trust
Company.
Those comprising the Commit¬
tee on Arrangements are: Fred W.
Hawley, Jr., Trust Officer, Con¬
tinental Illinois
Trust
Mills
National Bank &
Company,
Chairman;
J.
Easton, Manager, Advertis¬
ing and Publicity, Northern Trust
Company;
Michael
A.
Georgen,
Assistant Vice-President, City Na¬
tional
Bank
Merwin
&
Trust
Company;
Q. Lytle, Assistant Vice-
expressions and general debauch."
"We in the Board of
said,
asking
"are
Trade," he
businessmen
throughout the city to set
ample
and:
of
dignity
will
we
and
cooperate
faiths and all creeds in
tention
to
tingly
V-Day
nor
is
the
not
a
with
all
of
fit¬
appreciation.
football
successful
ex¬
calling at¬
opportunities
expressing
an
reverence
victory
outcome
of
President, Harris Trust & Savings
elections. It is, however, the sig¬
Bank; Kenneth W. Moore, Office
Manlager, Chicago Title & Trust nal for the early return of loved
Co., Howard Johnson, American ones and the assuming of greater
National Bank & Trust Company;
social responsibility in the recon¬
have been named to serve in con¬
Walter E. Toon, Assistant Trust
struction problems that lie imme¬
nection with preparations for the
Officer. City
National Bank &
diately ahead."
conference,
an
Advisory Com¬ Trust Company.
t-
Monday, October 2, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1450
State and City Department
BOND PROPOSALS AND NEGOTIATIONS
trict attorneys termed a cushion
for the five- high bidder, named a rate of
to protect bondholders in case of
period 1939 to 1943 approx¬ 2%%.
unexpected disaster.,
Ketchikan, Alaska
imate 2.16 times the average debt San Francisco
(City and County),
Bill Introduced into House of service
requirements under the
Florida
Calif.
(State of) <'
Representatives—A bill has been new schedule without the neces¬
Municipal Market Developments
Railway Purchase Approved—
introduced in the House of Repre¬
sity of having to levy general The last legal obstacle to joint —The following information is
sentatives by Delegate Diamond of taxes on the real property in the
operation of the municipal rail¬ taken from the September issue
Alaska, calling for an issue of district."
way and the Market St. Railway of the monthly bulletin on munic¬
$150,000 bonds for construction
Transit System was cleared Sept. ipal
bonds, prepared by A. B.
ARKANSAS
and
Requiring additions and bet¬
26 with the approval of the sale Morrison & Co., Congress Build¬
terments to and extensions of the
Arkansas (State of)
of the private system to the city ing, Miami:
electric light and power system
Business in Florida municipal
Highway Bond Data Available by the California Railroad Com¬
and for other purposes.
—Ira
Haupt & Co., New York mission. The cost to the city is bonds during the past 30 days has
Asking
City, announce that they have $7,500,000 and the consolidation been in the doldrums.
and power revenues
ALASKA
ARIZONA
County, Cashion School
(P. O. Phoenix), Ariz.
—
James E. De
Maricopa
District
Offering
Bond
Clerk of the Board of
Commissioners, will re¬
A.M. on
Souza,
County.
ceive sealed bids until 10
6 for the
Nov.
purchase of $6,000
prepared
a
44-page
reference provides for an increase in fares
describing briefly the direct on the municipal lines to the 7bonded debt of the State of Ar¬ cent level, charged on the pri¬
kansas and containing a perpetual vately-owned facilities.
monthly 3 xk % bond value calen¬
book
the
for
particularly
dar,
construction bonds. Dated
1944. Denom. $1,000. Due
$1,000 on Dec. 1 from 1945 to 1950
incl. Bidder to name the rate of
interest. A certified check for 5%
of the issue is required.
Co.,
&
coupon
Ira
Dec.
in accordance
with requests.
Salt River Project
Agricultural Im¬
provement And Power
772), regarding the $7,332,000 debt
refunding operation inaugurated
for the district by a group con¬
&
Co., Inc., Shields & Co., Boettcher
& Co. and Durand & Co., the first
Harris
Stranahan,
of
Highway Commission Approves
Bridge
Financing-
have
Bridge,
Harahan
approved by the Arkansas High¬
way Commission and the propo¬
sal has been forwarded for ap¬
proval by Tennessee officials and
by the Public Roads Administra¬
tion in Washington. It is expected
that construction will begin some
next
time
of
20%
meet
Arkansas will
the - cost of the
year.
—
due
bonds
1956
from
to
1973.
offered in
be
bonds to
River
Salt
the
secondary market and is the re¬
sult of the recent refunding pro¬
inaugurated by the same
The refunding involves
$7,332,000 4y4% bonds call¬
gram
group.
the
1948 and offers the hold¬
in
able
opportunity
an
ers
their -bonds for the
issue-likewise
the
to
terest
furnish
vcall
bearing
call
them
refunding
4%%
date
additional
sufficient
exchange
to
new
with
and
the
full
to
3%
premium to which they will
The
1948.
unique part of
the
plan is that the coupons repre¬
senting the interest in excess of
3% plus the premium call may be
detached by the holders and will
be
prepaid by the district at any
upon presentation prior to
time
their due
dates, thereby leaving a
straight 3% bond for market pur¬
It is reported that the re¬
plan will be
consum¬
mated
through
the
exchange
being
made
at
the
Harris
Trust & Savings Bank in Chicago
the week of October 2, and letters
of transmittal requesting that the
poses.
funding
consenting
bondholders
send
in
their bonds for exchange are be¬
ing furnished the holders in the
next
few
days.
Approximately
$5,000,000 of the outstanding bonds
consented to the refunding
have
plan and it is expected that when
new bonds are ready for im¬
the
mediate
exchange substantial ad¬
ditional
blocks
ing
will be forthcom¬
that a high percentage of
refunding
will be accom¬
so
the
plished through the operation of
the plan.
The plan represents a
definite
benefit
to
the district
through
savings and the
interest
levelling of the debt service re¬
quirements.
The holders
who
have consented to exchange are
assured of the full benefits to
which
they
are
1948,
and a 3%
The
district
strides
average
in
entitled
until
yield thereafter.
has
recent
income
made
great
and the
years
from
District No.
Call—J.
Bond
irrigation
Taxing District
(P. O. Norwalk), Conn.
Dam
Construction Bond Issu¬
ment
Secretary,
on
Oct.
voir
voted
was
District
the
new
storage reser¬
by
unanimously
at
Commissioners
der
interest
Sch.
Park
extend and enlarge the
a
water sys¬
by construction of a dam in
New Canaan and to issue the nec¬
tem
Los
Angeles), Calif.
Bonds Voted—At
Assembly if necessary.
General
ment the
revenues
an
election
on
East
No
18
Bay Municipal Utility Dist.
(P. O. Oakland), Calif.
Bonds
Involved
Proposal
District
Sewage
in
November
on
Ballot—To eliminate confusion in
on
its road bonds.
constitutional
State
are
amend¬
of Admin¬
Board
insufficient
for
in¬
must
levy
The meeting was presided over
enough ad valorem tax to make
by Dr. Harry H. Hefferap, district
up this difference. Under normal
commissioner, and clerk was Rob¬
conditions the gasoline revenues
ert J.
the
terest,
and
to
as
take
care
a
of in¬
surplus
in
far as we know,
where there is any question
but
on
to
provide
county,
every
Glade,
county
sufficient
terest
Fla.
Bonds Voted--At an election
Belle
so
$27,000 refunding bonds. Unquestionably this action has
strengthened still more the posi¬
City, Fla.
Refunding Bonds Validated — tion of Florida road bonds.
ment and
Dade
—'•
Court
has
the
approved
refunding
$488,000
bear
to
place
3%
refunding
bonds
interest
bonds
the
which
and re¬
of
1938
bearing various interest rates.
Delray Beach, Fla.
result of
of
call
for
series
1938
tenders
A
and/or
on
Sept.
is
a
bitter
sale of the
uled
holders
bonds
of
those
any
cities
bonds
or
does
any
not
involve
25,
refunding bonds of
series B refundings
of
other expendi¬
our
the
people of the
$800,000
will
all Miami houses, con¬
sisting of the following r John Nur
veen
& Co., B. J. Van Ingen &
Co., A. B. Morrison & Co., Cohu
& Torrey, Corrigan & Co., and
Ranson-Davidson Co., Inc.
account,
Greater Miami Port Authority
Plans
six cities
(P. O. Miami), Fla.
Airport Purchase
•
The
—
authority is said to be completing
negotiations for purchase of Pan
Airways 36th St. air¬
American
port at a cost of about $2,500,000,
be
to
provided through an issue
revenue bonds, with
purchased
by Pan
of authority
half
being
American.
t
-
Hillsborough County (P. O,
Tampa), Fla. *
Taxpayers Protest Debt Settle¬
ment—The County Taxpayers As¬
sociation has filed suit in the Cir¬
cuit
Court
to
halt
action
the
on
plan to settle claims of holders
of $246,680 paving certificates at
70
cents
the
The
the dollar.
on
ciation has
asso¬
questioned validity of
certificates, according to
re¬
'
port.
V'V >
r
Stuart, Fla.
Revenue Certificates
Proposed—
finance a $188,000
sanitary sewer system and treat¬
ment plant through the issuance
Proposal
of
to
certificates
revenue
has
been
advocated.
fight waging
GEORGIA
DeKalb County (P.
Ga.
July bulletin, to be voted on
the November election, doing
Bond
O. Decatur),
'
:
Election—At the Novem¬
.
ILLINOIS
.
,Bloomington, III.
/ Bond Election — At, a recent
meeting the City Council gave its
unanimous approval to an ordi¬
nance
calling for a vote Nov. 7
on
issuance
of bonds
totaling
$250,000 for construction of a new
city hall and $147,500 for renova¬
tion of city sewers. ;
'
^
Separate ordinances for each
proposal call for issuance of 148
bonds for the sewer project and
250 bonds for the city hall. Bonds
proceeds of the sale, plus recently in Jacksonville to discuss
Natu¬
on hand in district funds, added revenues for cities.
be used to
of
any
with separate assessment for ber general election the voters
county
and
city
and
having will consider proposals for a $1,post-war
improvement
only
one
assessing
and
one 600,000
tax collection agency for county program, involving bond issues as
and city purposes.
We are hope¬ follows: $1,000,000 road, $250,000
ful
that p: the
electorate
will jail construction, $100,000 park
reject the lamendment in Novem¬ system, $100,000 courthouse en¬
ber, because, in our opinion, it is largement, $50,000 hospital clinic,
entirely unworkable as set up. In $50,000 almshouse and farm im¬
its place we would like to see a provement and $50,000 for library
simple amendment granting to all expansion.
liquidate the $5,-
obligation? now held by
Reconstruction Finance Cor¬
rally
300,000
to
the
ture of money.
If
and the
Jater), through
the members of the underwriting
.
proposition,, as submitted
by the utility district to the voters
of present Coral Gables
(details of which will be
available
Dade
1940, the city purchased $31,the minds of some people, includ¬ 000 bonds at a price of 94.50 and
ing officials of cities involved, accrued interest from Atwill &
Frank W. Wentworth, President Co. of Miami Beach.
of the East Bay Municipal Utility
Everglades Drainage District> Fla. counties the right to accept its
district, recently issued a clarify¬
Refunding Bonds Validated -r- provisions and having the Legis¬
ing statement concerning the sew¬
Circuit Court Judge J. S. White on lature set up the procedure to
age district proposal that will ap¬
Sept. 18 approved validation pro¬ follow. This appears the logical
pear on the November ballot.
ceedings covering the $4,500,000 course since the present admendHe pointed out that
the sole refunding bonds to be issued un¬ ment, applies only to ■ Dade and
question to be decided in the No¬ der a
plan of debt composition ar¬ Orange Counties and there is al¬
vember vote will be whether or
ranged by the district in coopera¬ ready agitation in other counties
not a special sewage district will
tion
with
the Ranson-Davidson to have the benefit of such an
be created within the boundaries
amendment.
' v. v;
;
Co., Inc. and B. J. Van Ingen &
of Oakland, Alameda, Berkeley,
Officials of the Florida League
Co., Inc. Under the provisions of
Emeryville,
Albany and Pied¬ the program, the bond houses of Municipalities and a committee
mont.
-■,/
will purchase the bonds, at par from" the State Legislature met
The
bonds, which is sched¬
for
December, an exchange
proposition will be offered to
County over the consti¬
tutional amendment mentioned in
in
issue
outstanding bonds called or?
Jan. 1, 1945.
Prior to the actual
away
Bonds Purchased—As a
the
There
in
one
and
gasoline revenues being suf¬
Sept. 13 the voters approved the ficient the State Board of Admin¬
issuance of $173,000 water depart¬ istration is
insisting upon a tax.
are
the voters approved an
issue of $20,000 construction bonds.
Aug.
the
Under
bonds. The commissioners istration could refund maturing
interest but it has adopted the
were also authorized to make ap¬
plication for the bond issue to the sound policy that where the gas
Circuit
(P. O.
of interest
care
essary
payment.
Dist.
requirements in full.. The
Board
of
Administration,
State
operate
will be consolidated into
present
therefore,
directed the
Orange
County Commissioners to levy a
The resolution adopted author-; one mill tax to provide, with the
izes the district commissioners to gas tax, sufficient monies to take
city's request for validation of
Baldwin
re¬
recent meeting.
Worthen Co.
CALIFORNIA
prices.
interesting ; item
is not sufficient to meet all of its
Walker, Dis¬
be sent to the W. B.
most
$750,000 bond issue for the con¬
struction of a
called
of Little Rock, for
cause any
see,
Way—Approval of a
Under
ance
FLORIDA
1, 1944,
dealers'
that is
considerable im¬
can
which
par?
Court, Coral Gables has signed a
refunding contract under which
all of its outstanding funded debt
conditions
Orange
County's allocation of the gas tax
15, Ark.
for pay¬
$4,000 re¬
funding bonds, Nos. 44 to
51,
dated April 1, 1941. Bonds should
trict
we
is
smaller
regards
top
paid to
debt paying ability and collection
of taxes., V..'. /
~t.
Following the recent
adverse
decision
of the
U.
S, ; Supreme
garding Florida municipal finance
comes from Orange County.
Un¬
Lahey.
G.
as
mediate recession in
The
Norwalk First
far
as
regulatory
This
often with little attention
and
as
apt to
CONNECTICUT :>
Street Improvement
Newport
on
of
desirable.
communities
is, however, no disposition on the
part of the majority of dealers
approve an issue of
to cut prices materially and noth¬
to
are
with
be entitled if the bonds are called
in
bonds Nos. 5 to 9.
in¬
coupons
asked
$1,000,000 hospital building bonds
ing,
general election.
been
of bonds
amount
is
ticularly true
faiiiy substan¬
a
kind
some
board
they don't appear to
moving out at all rapidly. There
be
at the November
bridge across the Mississippi
River at Memphis, below the pres¬
There is
prices.
shelves
Colo.
that
Election—The voters will
Bond
000
bridge, with the Federal Govern¬
which is ment and Tennesese each contrib¬
uting 40%.
manager of the refunding agent,
recently noted as follows:
Jefferson County Water and Sewer
"A group consisting of Strana¬
Extension District No. 2 (P. O.
han, Harris & Co., Inc., Shields &
Pine Bluff), Ark.
Co., Boettcher & Co., and Durand
Bond Call
Fred J. Ingram,
& Co., have just offered a block
District Secretary, calls for pay¬
of
$563,000 Salt River, Project ment on Dec.
1, 1944, at the .Sim¬
Agricultural & Power District 3% mons National Bank of Pine Bluff,
These bonds are the: first 3%
practiced;■■■ by individual
is pretty clear evidence
counties
prices for both dollar bonds and
yield bonds have changed little
but it is sometimes difficult to get
firm
bids
in
line
with
asking
tial
O. Greeley),
(P.
County
Financing plans for a new $8,000,-
investment firm,
named
Weld
be
.
.
Joint-State
ent
District,
(P. O. Phoenix), Ariz.
Report on Refunding Plan—In
connection with previous reports
in these columns (see v. 160, p.
sisting
Haupt
COLORADO
State
highway refunding bonds. Copies
of the book will be furnished by
1,
method
■
year
of
some
of the cities would like
will bear
get hold of a portion at least
the money now going to the
State.
The Legislative
clear what we
exceed
tween
an
2%
interest rate not to
and
will
mature
be¬
December, 1947 and 1964.
Committee
The bonds are to ma¬
East Moline, III.
have long
period of 30 years and made
Bonds Sold—The White-Phillips
at an average rate contended, that before cities can
Co. of Davenport purchased on
of 3.33%.
Completion of the pro¬ share in any State monies it will
May 1 an issue of $94,000 2lk%.
Orange County, Laurel Elementary gram will mean scaling down of be necessary that they put their
street improvement refunding ser¬
in order aftd submit to
the district's debt in the past few houses
School District, Calif.
ies of 1944 bonds. Dated June 1,
Bond Sale—The $10,000 build¬ years from an original figure of some kind of State supervision
1944. Interest J-D. Denomination
In ap¬ over their finances?*; It seems to
ing bonds offered Sept. 26—v. 160, $18,000,000 to $4,500,000.
$1,000.
Due Dec. 1, as follows:
proving the bond validation pro¬ us that the record established by
p. 1122—were awarded to Hanna$6,000 in 195Land 1952,. $7,000 in
ford & Talbot of San Francisco, ceedings the court took exception the State Board of ^ministration
1953 to
1955, $8,000 in 1956 to
in administering road bonds, as
as
2%s.
Lawson, Levy & Wil¬ to the proposed creation of a
1958, $9,000 in 1959 to 1961, and
liams of
San Francisco, second
$500,000 reserve fund, which dis¬ compared with the old hit or miss
vote to create the sewage
district,
of the district will be
under the utility district.
operation
poration.
ture over a
bear
.
<
interest
,
Volume
Number 4321
160
$10,000 in 1962.
^JHE COMMERCIAL & FINANCIAL CHRONICLE
situation.
Principal and in¬
terest payable
tional
proved by Chapman &
People
ferent, careless,
at the First Na¬
Bank, Chicago. Legality ap¬
are
or
either indif¬
forgetful.
Counties Given August Gas Tax
Allotments.—Allotment
of $645,-
Cutler of
Chicago.
218 to Illinois counties
Edwards
share
of
motor
fuel
as
their net
tax
County Community High
School District No. 201 (P. O.
West Salem), III.
Bonds Sold—An issue of $94,000
3% building bonds has been pur¬
chased by Ballman & Main of Chi¬
cago. Dated Sept. 1, 1944. Legal¬
ity approved by Charles & Trauer-
receipts
for August
was
announced re¬
cently by State Director of Fi¬
nance
George B. McKibbin. The
gross allotment was $779,020 from
which was deducted $43,542 as re¬
serve
for., the $20,000,000 emer¬
gency relief bond issue and $90,-
nicht of St. Louis.
260
•
of the State's 1941 neighborhood
redevelopment act, which seeks to
extend limited powers of condem¬
nation to privately 'financed de¬
velopment corporations.
Circuit Court ruling that the
is unconstitutional.
Besides
law
determining
of
scope
the
character
and
slum clearance
future
projects
in
Chicago
and
other
$30,000,000
included:
coun¬
St.
Clair, $14,407;
Bond,
$1,329;
Clinton,
$2,172;
Madison, $14,336; Monroe, $1,639;
Randolph, $2,501, and Washington,
$1,783.
Court heard oral arguments Sept.
19 and 20 on the constitutionality
a
the
Allotments to the various
ties
ing Statute—The Illinois Supreme
of
for
reserve
issue.
Illinois (State of)
Highest Court to Pass on Hous¬
Widespread attention has been
attracted by the case, in which
the city of Chicago seeks reversal
as
Oglesby, III.
City Observes Lifting of Munic¬
Debt—Residents of this city
ipal
staged
tion
old fashioned celebra¬
an
on
Sept. 17 in honor of the
community's'escape from munic¬
ipal debt.
Packing their picnic
baskets, towns people assembled
of the local "nature areas"
at
one
to
participate in "Oglesby Is Paid
Day" ceremonies.
For
Illinois cities, the final outcome of
the case may have a bearing on
a
trend toward adoption of sim¬
community retired its last
remaining bonds last week.
And
now,
for the first time since it
ilar
went
"The
case
before
now
slum clearance and
•in
rehabilitation
the
right
difference whether
no
the
the act unconstitutional in
suit
a
brought by John F. Zorn, a tax¬
payer, to restrain the City of Chi¬
cago from appropriating funds to
meet the expense of a municipal
commission
supervisory
lished
Although
law
estab¬
under terms of the
was
act.
•*
conceding
that
the
genuine attempt to
a
"promote and finance
the sorely
npeded clearance and rehabilita¬
tion of slum and
our
cities,
doubt
and
blighted areas in
is beyond
any
laudable purpose of para¬
a
mount
importance,"
the
judge had added:
court
lower
"But to justify the taking of a
private property from the owner
without his consent, even for ade¬
quate consideration, the law must
extend its control over the prop¬
erty after it has condemned to
insure its devotion to the declared
public
and
purposes
The
uses.
present statute does not meet the
requirements
and
is
unconstitu¬
tional.
>"Since
all
public control for
perpetuation of the public
the
uses
tion
is removed with the comple¬
of the redevelopment area,
the grant of the power of eminent
becomes the crux of the
domain
entire act.
The purpose for which
the property would be taken and
used would be a private
purpose
for
pecuniary profit and not pub¬
lic purpose at all."
Matured
for
of
Bonds
Net
Payment—The
State
Treasurer
sents the
cellent
are
picture of
financial
one
or
two
Presented
August report
Stratton
a
pre¬
State in
health.
ex¬
There
items worth
not¬
ing.
One is that, of the soldiers'
compensation
bonds
where
the
last
maturity date was Aug. 1,
1944, there is $79,400 Outstanding
not yet presented
for pay¬
and
ment.
4%
Another item'concerns the
bonds
of
the
first
issue that has matured.
highway
On these
bonds there is
$60,000 not yet pre¬
payment and the ma¬
turity date was March 1, 1944. .In
sented
either
for
case
the loss is considerable
because the securities draw
no
terest after maturity. But bank
ceivers and others in charge
deposits
of
funds
find
the
in¬
re¬
of,
same
tax
$70,000
revenues
State.
cash
and
on
County
Circuit V Court
Judge Julius H. Miner had ruled
Poinsett
County Ark.,
Funding,
51,000 Arcadia, Fla., Refunding.
.11,900 Clermont, Fla., Delinquent
in
received
motor
from
The town also has
set
$100,000 in war bonds and
post-war improvements
completed engineering work
for
$225,000 of post-war construc¬
tion.
Oglesby's
and
delivery
bonds
1944.
Renewal
for
before
or
Nov.
certified
a
1,
check
$75,000, payable to the Com¬
mission.,
,
funding Funding-.
Melvindale,
Mich., Re¬
i
Y ..v./.
funding.
37,179.37 Brevard, N. C., Refund¬
ing and Funding.
46,739.17 Brunswick County, N.
C., General and R/B Refund¬
ing and Funding.
51,150 Clay County, N. C., Re¬
funding.
:
'•
26,903 Craven County, N. C., Re¬
funding.
23,000
Hendersonville,
N.
C.,
.
Bond Issue Details—The $50,000
1V2 % levee improvement bonds to
be
purchased by the White-Phil¬
lips Co. of Davenport, previously
referred to in v. 160, p. 875, will
mature
as
follows:
$2,000 from
1945 to 1954, incl., and $3,000 from
1955 to 1964, incl.
Sibley,
Certificates
Iowa
of
Des
Moines,
issue
voters
at
issue
13/2S,
as
at
by
approved
was
an
election
all-time
Offering
Heinze,
City
Boston
Township (P. O. Boston),
Bond
of
and
A-O. Due Oct. 1, as fol¬
$1,000 in 1945 to 1950, $2,000 in 1951 to 1963, and $3,000 in
1964 to 1974.
Bonds maturing in
1955 to 1974 are subject to re¬
demption on April 1, 1955, or any
lows:
interest date thereafter at par and
The approving opinion
interest.
of
Peck, Shaffer & Williams, of
Cincinnati, will be furnished with¬
certified
a
able
to
Offering—C.
bids
oral
general
for $1,300, pay¬
City Treasurer.
LOUISIANA
14.
Iberia
Parish
Plans
A.
until
2
Carlson,
M.
P.
(P. O. New Iberia),
Charles
G.
Kristochmer,
Secretary
Bridge
Commission, will receive sealed
and
open
(CWT)
chase of
on
bids
Oct.
until
10
12:30
for
the
P.
M.
pur¬
$2,800,000 first mortgage
bridge revenue refunding bonds.
Dated Nov. 1, 1944.
Denomination $1,000. Due Nov.
1, 1964.
Optional for redemption
prior to maturity as a whole at
any time and in part on any in¬
of
unlimited
taxes
011
elec¬
the question
all
Parish,
Coulee
Kinney
Drainage District (P* O. Abbe¬
ville ), La,]
,
flood protection bonds.
Due $10,000 on June 1 from
1951 to 1955, incl.
Payable
from
on
issuing $150,000 building bonds.
Vermilion
Bond Sale—The issue of
$50,000
.
Election—An
tion will be called
fol¬
as
Bond
on
$125,000
obligation bonds,
lows:
drainage
was
bonds
awarded
of New
city's taxable property.
to
Orleans,
$50,000
offered
Sept.
Scharff
&
as
19
Jones
23/4S and 2s.
MARYLAND
75,000 bridge bonds. Due $15,000
on
,
Dec.
incl.
but
1
from
1950
Payable from
sufficient
tax
Baltimore,
1954.
to
limited
a
upoil
all
Tax
cellent
Collections
—
Md.
Reported
Baltimore
Ex¬
collected
90.19% of the year's taxes by Aug.
Oct. 1, 1944. Principal and interest
31, $54.1 million of a $60 million
levy, Herbert Gallin, municipal
.payable
budget
r
—
purchaser. Enclose
check
the
the
Iowa
Oct. 4 for the purchase of
City Securities
Corp. of Indianapolis purchased
the $50,000 school and civil town¬
ship bonds awarded on Sept. 1, as
IV4S, at 100.47, a basis of about
1.203%, as previously noted in v.
160, p. 1236.
Offering
L.
Oct, 2
purchase of $65,000 3V2 %
funding bonds. Dated Oct: 1, 1944.
par.
Aug.
on
City Treasurer, will receive sealed
Purchaser—The
Bond
F.
receive
on
La.
Sioux City,
Ind.
Dubuque Bridge Commission (P. O.
Dubuque), Iowa
Mrs.
will
for the
General
Refunding.
7,000 Randleman, N. C., Refund¬
ing.
17,315.30 Selma, N. C., Refunding
and Funding.
12,000 Allendale, S. C., Refund&■: ing.
35,000 Electra, Tex., Refunding.
—
Clerk,
sealed bids until 8 P.M.
out cost to the
Sold—An
$25,000
airport certificates was
sold Sept. 7 to Carleton D. Beh Co.
The
Prestonburgh, Ky.
Bond
Interest
Muscatine, Iowa
8,508.25 Clay County, Ky., Fund¬
ing Bonds and Judgment.
1,000 Whitley County, Ky., Re¬
20,000
to accept
make, payment for
Enclose
.
Tax Note.
:
>
on
city's taxable property.
aside
pub¬
Cook
and
revenues
fuel
eminent domain is
exercised by a public or private
corporation.
The deciding ques¬
lic rather than private use."
$100,000
IOWA
ness and has spent for
capital im¬
provements $200,000 from current
of
tion is whether it is put to a
approximately 40
ago—when it issued $3,250
general
Since 1931 Oglesby has paid off
more
than $100,000 in indebted¬
the use of public funds,
exemptions, and public owner¬
ship of real estate.
"It makes
Each bidder must agree
the
tion reports.
without
•
debt
obligation
bonds —
Oglesby is in the clear, the. Mu¬
nicipal Finance Officers Associa¬
tax
-
into
years
this
court," it was declared by William
Wilson, attorney for the City of
Chicago, ;"seeks to enlist the par¬
ticipation of private enterprise in
the solution of the problem of
Sept. 1, the bids in these instances
having been rejected:
The
legislation in other States.
,1451
All
of
office.
the
at
bonds
the
Sealed
will
City
bids
be
dated
Treasurer's
will
not
opened until all oral bids
are
be
re¬
ceived. City will furnish the bonds
and legal opinion of Chapman &
Cutler
must
fied
of
be
Chicago,
so
check
and
conditioned.
for
2%
of
all
A
the
bids
a
director, reports.
shade under the 91.03%
This is
collect¬
ed in the first eight months of last
year, when the budget stood at
$56.8 million, but an increase over
the 86.62% of $57 million which
certi¬
had been gathered by Aug. 1,
bonds
Thee ity has based its 1944
bid for, payable to order of the
city, is required. Bidder to specify
the semi-annual interest rate and
1942.
budget
it did last
96% collection, as
though in 1942 it counted on
only a 95% return. Real estate
upon
year,
high
in
all other conditions being equal tax collections for ,the three-year
in 1931,
preference will be given; to the period have averaged better than
when the community owed $62,terest payment - date upon -terms most favorable "bid of par and ac¬
98% in the January-through-Au¬
500 in general obligation bonds
of par and accrued interest, plus crued interest or better
naming gust periods. This year $28.2 mil¬
and $35,000 for special paving as¬
the lowest rate.
lion of a $28.6 million levy was
a
premium of 23/2% of the prin¬
sessments and the city's share of
taken in by Aug. 31, an increase
cipal amount therebf if called for
Tingley, Iowa
public benefits. In addition to this
over the $25.9
of a $26.2 million
redemption on or prior to Nov. 1,
$97,000 debt which required 13
Bonds Sold—An issue of $5,000
return last year and a collection
1947; 2% of the principal amount
years to liquidate, the city had to
town hall bonds
has been pur¬
of $26.7 out of $27.2 million the
thereof if called for redemption
pay off $14,000 in tax anticipation
chased by the First National Bank
thereafter and on or prior to Nov.
year before. The city's operating
warrants.
'
of Diagonal as l%s.
1, 1951; 1M% of the principal
expenses in the eight month pe¬
The job of paying off the debt amount
r
riod amounted to $29.1 million,
thereof if called for re¬
KANSAS
was
especially hard during the demption thereafter and on or
64.16% of the $45.3 million oper¬
depression years, the association prior to Nov. 1,
Kansas (State of)
■
ating appropriation for the year.
1955, and 1% of
reports,
because
Oglesby
was the
principal amount thereof if
To Test Municipal Bond Statute This figure was 64.31% in 1943
paying from 40 to 60% of its an¬ called for redemption thereafter —State
Attorney General A. B. and 64.35% in 1942.
nual
tax
revenues
during those and prior to maturity.
Bidders Mitchell and Alton H. Skinner,
Baltimore County (P. O. Towson),
years for debt retirement.
shall specify the interest rate for
City Attorney of Kansas City,
Md.
Work
on
municipal improve¬ said bonds which shall be a uni¬ agreed Sept. 18 to test in the
Bond Sale—The $2,000,000 Met¬
ments during the 13-year period
form rate as to all of the bonds.
courts whether
"actual
assessed
ropolitan District 14th issue bonds
was
kept up, however, and two Bidders may specify whether se¬ valuation"
includes
intangible
offered Sept. 26—v. 160, p. 1028—
new
concrete bridges were built
lection of a portion of the bonds
property under a 1921 municipal
were awarded to a syndicate com¬
with gas
tax refunds from the to be redeemed prior to maturity bond law. The
statute, it was ex¬
posed of Phelps, Fenn & Co., F.
State.
Streets, highways, curbs shall be by lot or whether re¬ plained,
requires
a
$90,000,000
S. Moseley & Co., Paine, Webber,
and
gutters,
parks
and
play¬ demption of any such portion of
property valuation before the city
Jackson & Curtis, B. J. Van Ingen
grounds, water and sewer main the bonds shall be in numerical can issue
bonds, which is below &
Co., E. H. Rollins & Sons and
installations, a new street light¬ order. Principal and interest will the
figure of Kansas City's tang¬ the First of
Michigan Corp., all
ing system, new equipment for be payable at the American Na¬ ible valuation.
An interpretation
of New York City, on a bid of par,
tional Bank & Trust Co. of Chi¬
city departments, parks and other
of the wording of the statute is
a net interest cost of about 1.561%,
properties were purchased with cago.'
■
--------—
"desired in time to put the matter
for the issue to bear interest rates
corporate funds.
Bidders wno quality by filing a
before the 1945 State, legislature
as follows:
$250,000 5s, due $50,Now that Oglesby is debt-free, bid for the bonds having the spec¬ should such action be necessary.
000 on Oct. 1 from 1945 to 1949,
city officials believe that, barring ifications as contemplated by the
Report on State and Local Debt incl.; $250,000 23/4s, due $50,000
disaster, the community will not notice of sale, may also submit —The
Small-Millburn
Co.
of Oct. 1 from 1950 to 1954, incl.;
need to borrow again unless the an alternative bid for the
pur¬
Wichita has prepared for distribu¬
$100,000 2s, due $50,000 Oct. 1,
citizens desire.
chase of the bonds having other
tion
a
tabular
record
of
the 1955 and
1956; $500,000 13/4S, due
specifications or details, but all bonded debt of the various coun¬
Roxana, III.
$50,000 Oct. 1 from 1957 to 1966,
such alternative bids will be inde¬
To Refinance Water Debt—The
ties in the State as of June 30,
incl., and $900,000 IV2S, due $50,pendently considered by the Com¬
Board of Trustees has passed an
1944, as reported by the State 000 on Oct. 1 from 1967 to 1984,
mission and will not be regarded
Auditor. Bonded debt of the State incl.
ordinance providing for an issue
The successful bidders reas
competitive with bids which itself is
of $50,000 water bonds, of which
given as $11,280,000.
offered the bonds from a yield of
conform to the specifications of
$19,000 will be used to refund a
0.40%
to a dollar price of 95.
the notice.
Said bonds are to be
KENTUCKY
like amount of outstanding water
Other bids were as follows:
issued for the purpose of refinanc¬
bonds and the remaining $31,000
Bell County (P. O. Pineville), Ky. Harris Trust &
Savings Bank, Chi¬
ing the outstanding First Mort¬
used to pay for improvements to
cago,
Hearing on Debt Refunding —
gage Bridge Revenue bonds of the
the village system. The old bonds
Commission dated June 1, 1941, Holders of 3% road and bridge Alexander Brown & Sons,
were
issued as 53/2S and the reCo.,
and are to be payable solely from refunding bonds, series "A," dated Blyth &
fundings will bear 3 %% interest.
June 1, 1941, and 5% road and Mercantile-Commerce Bank &
revenues do'be1 derived from the
Trust Co., St. Louis,
bonds,
series
operation13 of )nthe bridge of the bridge refunding
INDIANA
Commissi!) n ^extending over the "B," dated July 1, 1941, are being Lee, Higginson Corp.
American United Life Insurance
Mississippi
River
between
the advised that hearings will be held Braun, Bosworth & Co., Inc.,
Co., Indianapolis
City of Dubuque, Iowa, and the at the office of the State Local Eldredge & Co.,
Portfolio Offering — D; A. W.
Officer
W.
J.
Moore, A. Webster Dougherty & Co.,
City of East Dubuque, Illinois. Finance
Bangs, Manager Municipal Invest¬ Each bidder must agree to furnish Frankfort, Ky., on Oct. 10, 1944, R. S.Dickson & Co.,
ment
Department, will receive the printed bonds for execution at 10 A. M. and' 11 A. M. to con¬ Francis I. duPont & Co., and
sealed bids until Oct. 1 for the1 and to.
accept delivery thereof in sider the petitions of the county Crouse, Bennett, Smith & Co.,
purchase
of the
following, de¬ Chicago." "The Commission will for the approval of the issuance of
.jointly,
scribed
For 400,000 43/4S,
municipals
aggregating furnish the approving opinion of bonds to refund the portions of
$500,000 114 s, and
$448,695.09. These bonds represent Chapman & Cutler of Chicago, the above-described issues call¬
the unsold portion of a previous and all bids
$1,100,000 I V2S
100.002
may be so conditioned able on Dec. 1, 1944, and Jan 1,
offering made by the company on as to legality only to that extent. 1945.
(Net interest cost 1.579%.)
bonded indebtedness
*
was
THE
1452
*
Halsey, Stuart & Co;,
" v
7y
Blair & Co., Inc.,
//'.77
Equitable Securities Corp.,
V'
Hemphill, Noyes & Co.,
7;;7 l "'.s
,
.
77//7
Coffin & Burr,
Newburger, Loeb & Co., and k - ? ■
Scott, Horner & Mason,
:
:'
jointly,
;
7% 7 r.v'rFor
New
Co.,
prescribed ,byrSection
21 of Article X of the Michigan
Constitution- and
the
Michigan
limitations
Limitation
Tax
"Property
Act,"
in¬
in the tax rate limitation
jointly; H.'V. Sattley & Co., Mc¬
Donald, Moore & Co. and Miller,
Kenower & Co./jointly, Lebenthal & Co., New York, and John
Wittbold & Co., Chicago,
nounces
77;
,7.V-,
',
York,
of the assessed
valuation Michigan,
Co., Inc.,
1949, at an election held on Aug.
Pressprich & Co., ' •• 7 V/.":
21, 1944.
No proposal for less
John Nuveen & Co., and
than all of the bonds will be con¬
Robert Garrett & Co.,
)
sidered. Bids shall be conditioned
jointly,
upon the unqualified opinion of
For $300,000 4*4s, and
:
Claude H. Stevens, of Berry &
7 $1,700,000 1.60s
100.005
Stevens, of Detroit, approving the
(Net interest cost 1.667%.)
1 1
legality of the bonds. The cost of
Mercantile Trust Co.,
said opinion and of the printing
Baltimore,
<
" '
of. the bonds will be paid by the
Kidder, Pea body & Co.,
7, V
school district.
Bonds will be de¬
Northern Trust Co., Chicago,
livered at Detroit.
Enclose a cerBaker, Watts & Co.,
jtified check for 2% of the par
Stein Bros. & Boyce, and
value of the bonds, payable to the
R. W.
Mackubin, Legg & Co., ,
jointly, •;. ."■ 77.?,
"
For $300,000 5s,
$1,100,000 IV2S, and,
J
$600,000 1%S_:__—
100.00
(Net interest cost 1.7159%.)
Charles
assessment -' district
for the year 1944, at an election highway improvement refunding
held on March 9, 1944, and has au¬ bonds
aggregating $155,000, are
thorized an increase in tax rate called for payment on November
limitation to 2.1% of the assessed 1, 1944, at par and interest. These
valuation for the years 1945 to bonds with all coupons appurten¬
to
Harriman Ripley &
Highway Commis¬
M. Ziegler
an¬
that
various
State of
Called—State
sioner
1.8%
district,
v
.
'
-t
>
"
1
should be presented
to, the place of payment as speci¬
thereto,
ant.
fied
Nov.
bonds
the
in
.;,
$100,000 cou¬
pon sewage disposal system rev¬
enue;; bonds
offered
Sept. 1 25—
Note Sale—The issue of $15,000
notes
offered
.
awarded
to
of
Bank
count.
Sept.
the
First
at
Boston,
in
Due
one
26
was
National
dis¬
0.38%
Other
year.
Merchants National Bank of
bids:
Shaw-
National
0.425%;
Boston,
jnut Bank, 0.50%;*
Middlesex
County (P. O.
Cambridge ). Mass.
>
Note
Ottering—aames
East
C.
10:30 A.M.
on
1958
Township School
(P. O. Pontiac), Mich.,
Oct. 3 for the
-
interest
cost
of
'about
Michigan
(State of)
j
77
$250,000 Fund for Local Airport
Planning—Michigan has set up a
counties will have immediate' ac¬
cess
and
to
$250,000 for
design
of
use on survey
new
.
bank, Village Clerk, calls for pay¬
ment on Oct. 20, 1944, at par and
accrued interest, at the Manufac¬
turers 'National Bank of Detroit,
made
only to
an
authorized gov¬
ernmental agency, with any of the
remaining money from the allot¬
ment going into a general fund
interest refunding notes, series B for construction incidental to the
and C, dated Nov. 1, 1937 and due development of the
program.
Nov.
1, 1947.
and Shelby
Each
Townships Frac¬
tional Sch. Dist. No. 2, Mich.
)'
Call—Frank W. Guthrie,
Treasurer, calls for pay¬
on
Oct. 15, 1944, refunding
Nos, 29 anct 30, dated April
Bond
District
ment
bonds
1937 and due April 15, 1962,
subject! to prior redemption
at par and accrued interest. Bonds
should be presented for payment
at the Detroit Trust Co., Detroit.;
15,
and
Ecorse
Township Sch. Dist. No. 7
(P. O. Lincoln Park), Mich.
:/y
Bond Offering—Irvin B, Friend,
District
will receive
sealed bids until 6 p.m. (EWT) on
Oct. 2 for the purchase of $32,000
Secretary,
not to exceed 4%
school
interest coupon
Dated Oct. 1, 1944.
bonds.
local
after
deducting the premium of¬
if any.
In determining the
interest cost, interest on pre¬
will not be considered as
mium
deductible, and interest on bonds
will
be
computed from Oct. 1,
1944 to their respective maturity
dates.
eral
trict
These
bonds will
be
gen¬
obligations of the school dis¬
which is authorized and
quired
by
law
to
levy
the taxable property
upon
re¬
all
therein, such
Corinth, Miss. 7
■
$39,000
bonds1 has been pur¬
chased by Cady & Co. of Colum¬
bus ahd the First National 'Bank
refunding
Memphis, jointly.
of
1,1944..
Dated Oct.
of
Bank
,
7/7
First
Sale—The
Memphis
National
was
awarded
on Sept. 5 an issue of $50,000 re¬
funding bonds, paying a price of
par, a net interest cost of about
1.386%, for the issue as follows:
$25,000 1 %s, due $5,000 on Oct. 1
from 1945 to 1949 incl. and $25,-
000
II/4S, due $5,000 on Oct. 1 from
to 1954 incl. Dated Oct, 1,
1950
Legality approved
1944. Int. A-O.
Charles & Trauernicht of St.
Louis.
Second high bidder was
by
Kingsbury
&
Alvis of New
Or¬
was based on
cost
of
about
leans, whose offer
a
net
interest
own
1.418%,
agency
surveyors,
used at the discretion of the Board
of Aeronautics.
Basis
of
mation was
able
for
a
statement from State
Auditor Bert Barnett, State
urer
A.
of
the
showing
fund balance
of
of
the
State
present
has
proceed¬
the total of about 33,in
acres
this
district,
for
ical
a
holdings.;
But no ;
protective committee
7 v'
estimated
ganized.
in
balance
judgments,
Mr.
These
exceed $200,000.
What the effect of the Federal
now
proceedings will be
(from the
standpoint of bondholders) is, we
are informed by
Counsel, a moot
point.» The character of the lien
is hoW1 in ^ question sand until the
expected "surplus"
the - general fund
Federal
expenditures,"
Judge makes a ruling, we
attempt to evaluate the
position of bondholders as to par¬
statement showed
ticipation
in
impounded funds
paid into court for acquisition of
"This appears to be ah
cannot
adequate working balance for any
foreseeable
future
was ever or¬
Instead, individual hold¬
judgments in the
Federal and State Courts.
July 1 would be cut to $14,-
next
.
obtained
ers
$915,087., the statis¬
tician said the
or
hold¬
their
bondholders'
ers
of approximately $15,-
revenue
,
,,
For years, we have urged
to take steps toi protect
year,
balance at the close of the 1944-45
duce
pur-!
pose.
■
"This would leave .an
Survey of the U. S. Depart¬
ment of the Interior for that
against authorized appropriations
of $27,591,933 at the recent legis¬
'
"
Hough's
lands.
the State's ad valorem assessment
It
$631,625,000, divided as follows:
$416,375,000 for real estate; $103,100,000 for personality, and $112,150,000 for public utilities; home¬
stead exemptions cut $150,000,000
from the assessment roll, leaving
at
for State purposes a
1
must
-
be
information
is
not
fer
understood,'more¬
that this brief
over,
to
to
buy
sell
and
solely,
construed
or
is for
memo
purposes
be
Riverview
total of $481,-
as
of¬
an
securities.
any
Gardens School District
(p. o. St. Louis), Mo.
625,000, of which $266,375,000, or
55.3% >is on real property; 21.4%
Bond
Bank
St.
State
Baden
Sale—The
of
purchased in
Louis
personality, and 23.2% for public July an issue of $20,000 school
' Backbone
of the State's bonds as lVss, at par;;
;J7 f *
revenue
system js the 2% sales
tax enacted in 1932. At the recent
7
- MONTANA
~
session
legislative
.the
sliding
Anaconda Housing Authority; '
(P. O. Anaconda)^ Mont..
^
7 Note Offering—Gladys H. Fer¬
/
schedule of the property tax was
"
.
changed from two to six. to two
to four mills. The rate applicable
1943
taxes,
Secretary-Treasurer,,
guson,
payable this year,
that
nounces
mills, having been fixed
at that figure by the late Gover¬
nor Johnson.
The 1944 session of
two
the
receive sealed
an¬
authority
bids until
(Mountain War Time)
for the purchase of
11
will
A.M.
Oct. 11
on
$403,000 notes.
fixed the maxi¬ Dated Nov.
1, 1944 and due Nov.
mum
rate at four mills, which
27, 1945.
*
>
would have been maintained, had
the revenues been needed.
,.;.7
Clyde Park, Mont.
/
the
Legislature
t
Election—At
Bond
Ocean Springs, Miss.
Sold — A. B. Austin,
•
v
on
Bonds
local
investor,
haspurchased
a
an
issue
of
$8,000 pipe-line con¬
struction
bonds."
Richland
$12,000 3% ; refunding
bonds.
Dated April 1, 1944 and
due from 1949 to 1960 incl. ' Le¬
election
an
Oct. 10 the voters will consider
an
County
'
»'
«
.
of
issue
(P. O. Sidney),
7.m7Mont'
r
i;;
/
gality approved by Charles <& ; Bond Offering—J. J. Sanderson,
Treauernicht of St. Louis.
Chairman r of Board
of County
j-f /i/;-/y
Commissioners, will receive sealed
Philadelphia, Miss.
Election — At a special
election on Oct. 3 the voters will
ceed
the issuance of $80,000 in
the construction of a
building that will be owned by
the city but leased to the WellsLamont Glove Co. of Chicago, 111.,
for a period of ten years rent free,
of
/
Bond Sale Details—The $12,500
2%%• funding bonds
from
1945 to
1955 Inclusive,' and
Interest J-J,
$1,500 in 1956.
MISSOURI
1
a
"
Glasgow, Mo.
Bonds Sold—An issue of
:
*
"
$27,500
fiscal
for
6
1, 1944.
Inter¬
choice
the
be
Board.
the
and
serial
second
choic.e
If
amortization
issued, the en4
tire issue may be , put into one
single bond or divided into sev¬
eral bonds as. the Board may de¬
termine upon at the time of sale,
are
sold and
both
:
Tishomingo County, Second Super¬
visors' Dist. (P. Q. luka), Miss.
first
will
bonds
Randolph Consolidated School
;!
•:/ "7 District, Miss.
Bonds $ol|—An issue of $15,000
3% school bonds has been pur¬
chased by'Cady & Co. of Collim■
Oct.
on
Amortization bonds will
the.
bonds
'
Dated Aug. 1, 1944.
Dated Oct.
est J-D.
be
a.m.
of $57,000 not to ex¬
interest
refunding
214%
bonds.
for
I
bus.
10
the purchase
pass on
bonds
until
bids
Bond
Tax
general
$8,696,979 at the
Commission,
start
Treas¬
Newton James and Chairman
H/ Stone
principal and interest to be
payable in ; semi-annual install¬
ments during a period of seven
and one-quarter years from the
If serial bonds
date of issue.
are
and
issued
sold, they, will be in
the amount of $1,000 each; the
sum of $8,000 of the serial bonds
will be become payable on Dec, 1,
1945, and a like amount on the
same
day each year thereafter
until all of such bonds are paid,
except that*' the last installment
will be in the amount of $9,000.
The bonds, whether amortization
,
serial,
or
full
on
will
be redeemable
Jan/1, 1949,
and
interest date thereafter.
on
in
any
Enclose
a
year, 1 % %
improvement
bonds has
certified check for $2,850, payable
addition to been purchased by the Baum,
to" thei Clerk Board
of County
the $21,427,000 set/dmd^. to 'meet
Bernheimer Co. of Kansas City.
Commissioners.
^
■>;
all outstanding bopefs of the State Dated
Aug. 15, 1944. Legality anmaturing between' no#; .and 1953. proved by Charles & Trauernicht Wheatland County School District
July 1, which was in{
The tabulation shows" the admin¬
late
Governor
State Treasurer, reports istration of the
that the $626,132 of various local Johnson
closed
with
a
general
municipal bonds offered Sept 26 fund balance of $30,123,979 and
—v. 160, p. 1237 — were sold. The
all current obligations paid.
A summary of the financial po¬
following firms were among the
successful
bidders
for
various sition of the State, submitted to
the officials by W. R. Hough, Di¬
portions of the offering: Braun,
Bosworth & Co., H. V. Sattley & rector of Research and Statistics
Co. and McDonald, Moore & Co., in the Tax Commission, conserva¬
Local Municipals Sold—D. Hale
expenditures: this
purchased by
BuJlington-Schas & Co. of Mem¬
phis, at a price of 100.64, as pre¬
viously noted in - v, 160, p. 1237,
are in denominations of $500 and
executive procla¬ mature
July 1 as follows: $1,000
the
Government
condemnation
000
$42,696,979 would, be avail¬
was
Laurel, Miss.
Bond
at
•
000 out of
when
Saijd
to
!
;
Federal
the
utilities.
will furnish
Mississippi (State of)
engineers and
airport designers or will recom¬
Ad Valorem Property Rate Cut
mend an engineering firm to con¬ 2
Mills—Upon receipt of advices
tract for the job, subject to ap¬ from several fiscal officials that
proval by the Board. To be elig¬ the reduction could be made with¬
ible for State appropriations, the out
affecting the State's financial
applying municipality must have condition, Gov. Thomas L. Bailey
in advance an official appropria¬ recently ordered that the
1944
tion constituting its share of con¬ State ad valorem tax on property'
st ruction:.costs. ;;7; )).V -',':/■ \7 be reduced from 4 to 2 mills. This
Airport planning funds will be will make- possible a saving of
distributed according to the fol¬
$915,087 to taxpayers on assess-1
lowing plan, the Association said- ments payable Feb. 1, 1945.
Twenty percent, or $50,000, to
Governor Bailey said the three
be prorated on an equal basis to fiscal officials had informed him
each county.- 7"/7"''
77''':' ■
that even with the reduced'prop-;
Twenty percent to be prorated erty tax, the State at the end of
to the counties based on county the current fiscal
year, June 30,
populations.
; :':7;'
1945, will show a treasury surplus
twenty percent, or $50,000, to in excess of $15,000,000.
7;
;;
its
$1,000. Interest A-O. Due
April 1, as follows: $2,000 in 1945, politan region of Wayne, Monroe,
and $6,000 in 1946 to 1950.
Rate Washtenaw, Macomb and Oak¬
land counties.
1
of interest to be in multiples of
Twenty percent to be prorated
'■% of 1 %. Principal and interest
in accordance with the number of
payable at the Wyandotte Savings
airports and class of airports con¬
Bank, Wyandotte. The bonds will
sidered necessary for each county.
be awarded to the bidder whose
Twenty percent to be held in
bid produces the lowest net inter¬
reserve in a contingent fund to be
est
cost
to
the
school district,
fered
7
for
Missouri
ings involving approximately 22,-
present fiscal year opened, he
he said.
Bonds Sold—An issue of
be allocated to the Detroit metro¬
Denom.
net
'\
Mississippi
/*/
1
airports and
Storey,
Thorndike, ' Palmer
&
extensions
of ) existing
airports,
Dodge of Boston.;;77/?::■'' -H77
subject to approval by the Board
of Aeronautics, the American Mu¬
MICHIGAN
nicipal Association reports.
•
"
Allen Park, Mich.
"
Allocations
from
the
special
Notes Called—Stanley II. Bur$250,000 post-war fund/'will be
Avon
'
,
minnesota
y:;--
at
City. Legality approved by
eration the balance on hand
the
construction 189,013.
$75,000
(
Mc-
Chase National Bank, New
York
of
bonds.
■
at the
voters approved an
18 the
issue
Court
of
wild game refuge on the so-called
918,000," Mr. Hough said. ;7
''
The dis¬
Using his "conservative" figures "Mississippi Flyway.".
trict was selected by the Biolog¬
as a basis and taking into consid¬
.
.
Sartell, Minn.
State-wide development plan to
discount of $250,000
facilitate the gradual -expansion
notes.
Dated Oct. 6, 1944. Denom.
of
airport facilities
as
recom¬
to
suit
purchaser, but not less
mended by the Michigan Board of
than $5,000 each.
Due April 25,
Aeronautics. :■.. ■.) ;7: "yV:7 ■ 7--"
1945. ' Notes payable at the Sec¬
Municipalities,' townships and
ond National Bank of Boston, or
purchase
Dist.
Bonds Voted—At an election on
to
net
The /
105,000 in the general fund," Mr.
Hough pointed out.
Explaining
that the two-mill levy would re¬
Waterford
District
District
instituted
percentage of in¬
crease
were
continued ; for the
balance of the current fiscal year,
the total revenue would be $37,same
fiscal year
request for offers
S.
Cape Girardeau, Missouri.
above the same months last year.
"If this
U.
Eastern
,
until
Sept. 27 of series A refunding of
Oct. 1, 1935.
;
7
district's
1963, as 4s, and $35,000
Bonds Defeated—At an election
maturing $5,000 July 1, 1964 to on
Aug. 14 the voters defeated a
1970, as 3s. The next highest bid¬
proposed issue of $12,000 street
der was: Pohl & Co., for $75,000,
improvement bonds.
y/
3%s, and $25,000, 3Vis: at 100.35,
a
the
Collections in July and
August,
however,
were
5.7%
year.
p.
3.654%.
Cormick, Acting County Treas¬
urer,
will
receive
sealed bids
Until
were
-
Holyoke,Mass.
V
tenders
$34,000,000, or $1,874,000 under
receipts for the previous
actual
submitted in connection with the
,
.
at
lative session.
1340—were awarded to
Redwood Falls, Minn.
Kennth K. Martin of Detroit, on a
Bond Election—At an election
bid of 100.403, a net interest cost
of about 3.473%, as follows: For on
Oct. 11 the voters' will be
$65,000 maturing July 1, $2,000 asked to authorize an issue of
in 1948, $3,000 in 1949 to
1951, $69,000 airport bonds.
$4,000 in 1952 to 1957, $5,000 in
160,
v.
massachusetts
which date in¬
Vv,7i:,77
Tenders—No
No
Sept.
Sale—The
Bond
on
pal>-in default of both principal
and interest since Nov. 1, 1926, is
now
the subject• of litigation in
tively estimated •general fund re¬
ceipts for the current fiscal period
Royal Oak School District, Mich.
1
Hazel Park, Mich.
r
before
or
on
;
1944,
1,
terest-ceases.
,
,
Bonds
District
Assessment
crease
$1,000,000 lV2s
100.01
(Net interest cost 1.65366%.)
Bankers Trust
to pay the principal of and
interest on the bonds^ within the
essary
,
'
$300,000 3s,
$700,000 2s, and
ad valorem taxes as may be nec¬
The district has authorized an
.
Monday, October 2, 1944
COMMERCIAL & FINANCIAL CHRONICLE
.1
of St. Louis.
No.
Mingo Drainage District, Stoddard
and Wayne Counties, Mo.
Bondholders Advised of Cur¬
Bond
Brake,
rent
15
Lyons,
ceive
21
not
Louis, reported under date of
Sent. 15, as follows:
'
! building
St.
(par
Offering
District
for
to
—
Minnie
Clerk,
will
bids until 2 P.M.
the
F.
re¬
on
purchase of $12,-
exceed
6%
interest
bonds. Dated June 1,
district, with over 1944.Interest -J-D. Amortization
amount of princi¬ bonds will be the first choice and
This drainage
$600,000
(P. O. Twodot), Mont.
sealed
Oct.
000
Litigation— Bowman & Co.,
.
,
Volume 160
bonds
1
choice
of
will
the
amortization
THE COMMERCIAL & FINANCIAL.CHRONICLE
Number 4321
the
be
due 1971. Earlier maturities, those
1946-54, were not publicly
reoffered, being sold by the group.
sold and
issue may be
put into one single bond or divi¬
ded into several bonds,
as
the
Board of Trustees may determine
upon at the time of sale, both
principal and interest to be pay¬
able
in
a
period of 20
date of issue.
issued
and
$600
$600 each. The
payable
are
they will be
of the' serial
become
from
years
If serial bonds
sold
the amount of
of
installments
semi-annual
during
bonds
in
sum
will
June 1, 1945,
and the sum of $600 will become
payable on the same day each
year thereafter until all of such
bonds
on
paid.
are
The
amortization
whether
bonds,
serial
or'
bonds, will be redeemable in full
on
any
from
date
interest
payment date
after 10 years from
and
of
check
issue.
for
Enclose
a
certified
payable
$500,
the
to
District Clerk.
Yellowstone County Sch. Dist. No. 2
'
(P* O. Billings), Mont.
Bond
len,
Clerk,
will
longer period
ferred it to the, Director of Local
if the debt service calendars were
Government for receipt of filing.
Craig, Neb.
Refunding
ported, that
to
*
Proposed—It
the village
is
the
maturities
over a
held
be
at
much
a
to
public; sale
refinance $45,835 of ZVz % refund¬
water
provisions
be
to
refunding bonds/ and $417,- in 1957. Among other ' bidders
bonds, were the following; (for lV4s)f
noted5: it fof! the record and re¬
Halsey, StUart & - Co., 100.189;
500
ex¬
general'» refunding
reasonable level.
The maturities set up provide for
an
issue of bonds to be sold ,at
re¬
plans
with the general
bids
and ?..favorable
Fair Lawn, N. J.
Bond Offering—-Ralph M. Bry¬
ant, Borough Clerk, will receive
.
First National Bank & Trust Co.,
Montclair, 100.15; Montclair Trust
Co., 100.13; H, L. Allen & Co.,
100.03; (for 1.40s) Boland, Saffin
& Co., 100.06.
Newark, N. J,
' Sinking Fpnd Offers Plan Qn
Mount $12,000 not to exceed 6% interest Callable Bonds—The City Com¬
mission on Sept. 20 approved a
coupon
or
registered;; park im¬
:;; Bonds Unsold
Thb $60,000 provement bonds.
Dated Oct.<»l, plan advanced by the municipal
North Platte, Neb.
V
bridge construction bonds author¬ 1944. Int. A-O. Denom.
$1,060. Due sinking fund commission provid¬
Bond
Election—An
issue
of ized
by the Board of. Freeholders Oct,
1, 1945 to 1956: Rate of in¬ ing for exercising call feature on
$61,000 swimming pool construc¬ earlier in the year haVe not' been
terest to be in multiples of 14 or more than $10,000,000 of outstand¬
tion bonds will be considered by sold as
yet.
/'
one-tenth of 1 % and must be the ing city bonds with a resultant
the voters at the November: gen¬
estimated net saving of interest
same for all of the bonds. Prin¬
Chester Township (P. O. Maple
eral election.
'' J
of
$2,700,000.
This
is
cipal and interest payable at the charges
Shade), N.J.
based
on
the
Fair.,, Lawn-Radburn
assumption that
Trust
NEVADA
Co.,
Bond
Offering
yiiliam E. Fair Lawn, or at the Chemical future municipal administrations
Washoe County (P. O. Reno), Ney. MacKinney, Township Clerk, will Bank &
Trust Co., - New York, will adhere to the suggested pro¬
receive
sealed
bids
until .8:30
Each
Special Bond Election Proposed
\/.'A
proposal
must
state
the gram.
P.M. (EWT) on Oct. 10 for the
—We
It was explained that the sav¬
amount bid for the
quote in part as follows
bonds, which
purchase of $241,000 3% coupon
from a report which appeared in
shall be not less than
$12,000 nor ings would be made on $10,016,or
registered bonds, as follows:
the
Reno
"State
Journal"
of
200 in callable city bonds which
more than
$13,000.
:,>X
;
$143,000 refunding bonds of 1944.
Sept. 9:
<
t
;
-, ;
Legality approved by Hawkins, have maturities from 1955 to 1962,
98,000 water refunding bonds of Delafield &
The Washoe County Planning
Skmgfellow of New but which are callable 10 years
1944.
<
York City. A Certified check for earlier.
;
'•
•
They would be called
Commission at a recessed meeting
Dated March 1, 1944.
Denom. $240, .. payable to " order of: the between 1945 and 1952/ savfng 10
last night adopted a recommenda¬
''
tion that the County Commissioner $1,000. Interest M-S.
years' interest ranging from 3 V2 %
borough, is required.
bonds, dated Nov.
maturingon Nov.
1944 to 1^56: inclusive.
ing
and
,
sealed bids until 8:30 P.M. (EWT)
on - Oct.
10 for the purchase i of
should result. ;v':-vc»4r!, V:!.---
15, > 1936
15 from
Burlington
County
(P.
,
O.
.
.
..
•
,
Offering-r-Edward? Lack-
District
quire
tended
at par.;' :vV
bonds; are
issued, the entire
of the Local Bond Act would re¬
Term bonds of 1972 were reoffered
If
ance
due
second
Board.
School
1453
receive
,
t
sealed bids until 8 p.m. on Oct. 18
for the purchase of $100,000 not
call
Due
election to issue
of $750,000 and
to exceed lVz% interest refunding $500,000 for construction and re¬
bonds.
Dated
March
1,
1944. construction of the Washoe County
The
bonds
issued
are
the
for
special
of refunding a like prin¬
cipal amount of outstanding bonds
to be made available by the suc¬
cessful bidder for surrender and
house
and
jail, respectively.
%
1, as follows: $4,000
1945, $9,000 in 1946, to 1949,
$11,000 in 1950, $10,000 in 1951 to
1953, $11,000 in 1954, $12,000 in
1955, $11,000 in 1956, $12,000 in
1957 and 1958, $13,000 in 1959 to
1961, $14,000 in 1962 and 1963,
$11,000 in 1964, $14,000 in 1965,
and $10,000 in 1966. r$24,000 prin¬
cipal amount of said refunding
bonds of 1944, maturing in the
years 1965 and 1966/ are subject
f
The
planning commission also
adopted a
resolution that the
parts of the master plan of the
county commission submitted by
payment simultaneously with the
delivery and payment of the bonds
offered
for
sale.
Amortization
bonds will be the first choice and
A.
Sept.
in
sum
general hospital and county court
purpose
E.
Holgate, county planning
engineer, Concerning the construc¬
Project—A
on
$1,620,000 Sewer
referendum
will
»
be
held
Oct. 17 on a proposed
$1,620,000 sewer proj ect, of which
$710,000 would be obtained from
the sale of bonds and the remain¬
ing $910,000 from property-owner
assessments.
Fort Lee
4%.
.They would be paid off
sinking fund surpluses. The
Sinking Fund ; Commission owns
to
Referendum
(Borough of), N. J.
Bond Issuance Plan Taken Un¬
der Advisement
We quote in
from
$4,104,200 of the bonds.
Newark's present City Commis¬
sion
will
effect m
net
saving*
of more than $670,000 in interest
by its action in voting to recall
next
year
$3,380,000 in bonds
which would mature normally in
1955.
The sinking
fund holds
bonds- will be the second
choice of the School Board.
If
amortization bonds are sold and
.
interest
would
prior redemption at the option part; as follows from the minutes
the Township at par and ac¬ of the Sept. 18th
county
hospital, : county
court
meeting,, The
crued interest as "follows: $9,000 Local Government
house and jail be adopted by the
Board—constir
maturing Sept. 1, 1965 are sub¬ tuting
the
county; commissioners. J o;
•, >
Municipal
Finance
L
;
The Commission adotped a third ject to redemption on Sept. 1, Commission:
1949 or any interest payment, date
; The chairman then
resolution that, the
inquired as
and
reconstruction
of
county
the
com¬
ol these
$1,370,000
to
of
tion
serial
issued, the entire :issue may be
put into one single bond or di¬
vided into several bonds, as the
a
bonds in the
the
the
that
-
bonds.
The
sinking
fund
included- jin
is not
collect
$670,000 estimated, saving.
Mayor Murphy pointed out. that
callable
bonds
some
next
year
will not be callable until- after the
missioners do not pass the bond thereafter, $5,000 maturing Sept. to what action the borough and next City Commission takes office
Board of Trustees may, determine
issue until the State Legislature 1, 1965 are subject to redemption the Board of Education had taken in May.
He said, however, that
an
upon at the time of sale, both
Sept. 1, 1948 or any interest with respect to the development the present Commission has re¬
at its next session votes upon a
principal and interest to be pay¬
payment date thereafter, and $10,- of a plan for the refunding of the ceived a legal opinion that it may
proposed amendment to the pub¬
able in semi-annual installments
000 maturing Sept.
1, 1966 are indebtedness of the Borough of call all bonds callable next year
lic
securities
statute
extending
during a period of 10 years from
subject to redemption on Sept. 1, Fort Lee and the School District because under the law holders of
If serial bonds
the date of issue.
issued and sold, they will be
in the amount of $1,000 each, the
are,
of
beyond the present 20 years the
1946 or any interest payment date
period for* which bonds may be
issued in order to Conform mote thereafter. "Principal' * and interest
nearly to the life of the improve¬ payable in lawful money at the
$10,000 of said serial bonds ments.
Burlington
County
Trust
Co.,
'
'
"
"
>
will become payable on March 1,
Moorestown. Each proposal must
In adopting a resolution calling
1945, and the sum of»$10,000 ;Will
state
the
amount: bid
for: the
for
a
special election, it was
become payable on the same day
bonds, which shall be not less
each year thereafter until all of brought out by County Clerk El- than
$241,000
nor
more
than
wood-'Beemer that the former plan
such bonds are paid. The bonds,
The bonds will be soid
to - include a vote on the bond $242,900.
whether amortizationor serial,
to the bidder complying with the
issue
In the November general
will' be redeemable in full on
terms df sale and. offering to ac¬
election "would be almost impos¬
March 1, 1949, and on any inter¬
cept for the amount bid the least
sible now."
*
est payment date thereafter -at- the
amount of bonds; the bonds to be
"...
)
■<
option of the School District. The
accepted being those first matur¬
NEW JERSEY
bonds will be sold for not less
ing, and if two or "more bidders
Belleville, N. J.
than their par value with accrued
offer to
accept the same least
Bond Offering — Florence R. amount, then to the bidder offer¬
interest, and all bidders must
state the lowest rate of interest Morey, Town Clerk, will receive ing to
pay therfor
the highest
at which they will purchase the sealed bids until 8 P. M. (EWT)
price.
The purchaser must also
bonds at par. The Board of Trus¬ on Oct, 24 for the purchase of
pay an amount equal to the? in¬
tees reserves the right to reject $100,000 not to exceed lVz% in¬ terest on the bonds accrued from
any and all bids and to sell the terest coupon or registered public the last interest payment date to
said bonds at private sale.
En¬ improvement
funding
bonds. the date of payment, of the pur¬
close a certified check for $1,000, Dated Nov, 1,1944, Dsnom. $1,000. chase
price.
In the event that
sum
.
.
%
■
.
as. follows:
$10,000 prior to the delivery of the bonds
1949; $1^00 in 1950; the income received by private
NEBRASKA
$30,000 in 1951 a^' $35,000 in holders from bonds of the same
1952.
The purchase price speci¬ type and character shall be tax¬
Consumers Power District (P. O.
fied in the proposal must be not able by the terms of any Federal
Columbus), Neb.
less than $100,000 nor more than income tax
law, the successful
Price Reduced on Unsold Bonds
$101,000. Principal and interest bidder may, at his election, be re¬
—Prices on the unsold balance of
(M-N) payable at the First Na¬ lived of his obligations under the
$41,533,000 bonds of the above dis¬ tional Bank of Belleville. A cer¬ contract to
purchase the .bonds
trict were reduced recently 15 to
tified check for $2,000, payable to and in such case the deposit ac¬
20 basis points from the initial reorder of the town, is required.
companying his bid will be re¬
offering; terms. The issue, includ¬ Legal opinion of
The
successful
bidder
Reed, Hoyt & turned.
ing $30,860,000 serial obligations, Washburn of New York
City will will be furnished with the opin¬
due 1946-71, and $10,673,000 term
be furnished the successful bidder. ion
of
Hawkins,
Delafield
&
bonds, due 1972, was offered on
Bond Issuance Viewed Favor¬ Longfellow., of New York, that the
June 1 by a syndicate headed by
bonds are valid and legally bind¬
Blyth & Co., Inc.; Han-imam Rip¬ ably—At a special meeting of the
Local Government Board held on ing obligations of the Township.
ley & Co.; Smith, Barney & Co.,
Enclose a certified check for $4,Sept. 18, the proposal for the issu¬
and the First Boston Corp.
'
More
than $30,000,000 of the ance of $100,000 funding bonds by 820,, payable to the Township. •
bonds were sold, within the first the above town was. approved. Delaware Twp\, Camden County,
few days of the reoffering,„ this This proposal involves the, refund¬
including all of the term bonds. ing of bond anticipation notes: of
Bond ^khfement Approved V
Soon
afterward : the
remaining a like amount and is intended to The LocaV
(j^yernme.nt. B6ard on
bonds were released to, the; mem> permit "the towp to arrange the
Sept. 1R ^pprbVed ; an appropriamaturities, of the' proposed fund¬
bers of the offering acpoupt
tiori of $21;0()0" by the above town¬
no
specifications as to'" prices to ing bonds in a more orderly man¬
ship for the purchase and retire¬
be maintained, This step was ex¬ ner than would be possible under ment
of $21,000 refunding bonds,
circumstances.
In
other
plained by the group managers as other
due on Dec. 1, 1945.
words* the town is
due to the general slowness of the
arranging the
Egg Harbor City, N. J.
municipal market and the need to maturity schedules of the new
payable to the District Clerk.
Due
in
'
Nov.
1,
1948 and
*■
.
of Fort Lee and Mr. Cavihato sub¬
mitted
a
copy
of a resolution
adopted by the Borough Council
designating the borough auditor
and the borough attorney in con¬
junction with Hawkins, Delafield
& Longfellow as those being au¬
thorized
to
prepare
plans and
resolutions for .this
purpose, fol¬
lowing which Mr. Abbott* offered
certified copy of a resolution
adopted by5'the Board of Educa¬
tion;, along- the same <■ lines; i < 'Mr1.
a.
Cavinato
posal
for
seek another level of
;
The
buying^in¬
;
terest.
'!
-
original reoffering prices
bonds
as
follows: 1948, ?$10,000;
1949, $10,000; 1950, $15,000; 1951,
$30,000, and 1952, $35,000.
This
Bond Issuance Contemplated
At
a
special meeting
on
Sept. 18
the Local Government Board took
bonds ranged from a permits the town to have an or¬ a certified copy of the ordinance
debt
service
calendar; authorizing the issuance of $44,000
yield of 1.80% for bonds due 1955 derly
"to approximately 2,15 % for bonds whereas, issuing bonds in accord¬ school refunding bonds; $148,000
on
the serial
dated
the
submitted
Sept.
issuance
a
pro¬
18
providing
$740,000 3%
$3,421,000 3%
of
school
bonds, and
borough bonds, all to be dated
Nov. 1, 1944.
He explained this
plan and certain features thereof
in
detail and after extended dis¬
it was directed that this
cussion
The
chairman then inquired
_>v-?'A;
estimated the
saving in
next year's budget would be $67,*.
It
was
000, or moi'e than one point in the
tax rate. The benefit of the whole
saving will be reflected in the tax
rate ovey the 18-year, .period.
the
If
wl^ole saving wa^.made in one
it would meart a reduction
year,
of about 43
^.30 tax
pqint^ in
I5.
V/;.
The Mayor
said the; sinking fund
under the. plan will draw upon
surplus for a total of $2,302,030.
"The proposed plan," he added,
"provides an orderly, straightfor¬
ward method of liquidating the
available surplus in the sinking
fund through the retirement of,
debt to the benefit of the city."
plan be taken under advisement.
will
in 1946,
Under the plan, bonds that
if
be
other persons cared to present
proposals looking toward the re¬
funding of the indebtedness of
called
total
$715;000
in
any
the
borough and school district
Phelps and Mr. Saffin in¬
dicated that they desired to be
and Mr.
heard at this time.
The Commission
cessed and
1
;
/;.
thereupon
reconvened
in
re¬
execu¬
tive session to separately, hear and
consider the proposals of Camp¬
bell, Phelps & Co.,
Saffin & Co.
After
,
,
then
be given .six
callable bonds must
month's notice,
was
•
called
upon
calendar which
to
if
a
and
Boland,
■
reconvening, Mr. -Russell
to
must
outline
be
refunding plan
consummated
the
adhered
was
to be
by Dec. 1, 1944.
May wood Borough, N. J,
$1,165,500
1947,
in
$1,458,000
in
1948, $1,289,700 in 1949, $1,420,000
1951, and $588,000 in 1952.
;
bonds
The
that
for
issued
will
be called
water,
and Penn¬
sylvania Railroad track elevation
improvements.
v/
were
Passaic* Valley
State
Local
missioner
schools,
sewer
Government
Walter
R.
Com¬
Darby
ap¬
the plan in a letter to
John R. Hardin, head of the Sink¬
ing Fund Commission.
proved
"The
plan,"
Commissioner
said, "is both sound and
practical and disposes of the sur¬
plus of the sinking fund:-in an
efficient and beneficial way us it
Darby
will substantially decrease, future
Approved — The payments of interest on the issues
borough's
proposal looking to¬ which it ' is proposed to retire
wards the issuance of bonds in a prior to their ultimate maturity.
total amount of $292,000 was;ap- You have my assurance that this
Bond Issuance
proved by the Local Government
Board at its
meeting
on
Sept. 15.
Montclair, N. J.
department will cooperate with
City Commissioners and the
Sinking
Fund
Commission
in
every reasonable and lawful way."
.
the
Bond Sale—The
$66,000 coupon
Newark's total bonded debt now
registered improvement bonds is about
$95,000,000.
offered Sept. ,26—v. 160, p. 1237—
North Wildwood, N. J.
were awarded to Wood, Struthers
& Co. of New York City, as 1,20s,
Bond Sale Details—The $13,000"
at a price of 100.042, a basis of boardwalk bonds
purchased by the
about 1.193%. Dated Oct, 1, 1944 State Sinking Fund Commission^
and due Oct. 1/ as follows: $5,000 as.
reported in v. 160, p. 1237,
br
from 1945 to 1956 incl, and $6,000
were
sold
as
4%s, at par.
THE COMMERCIAL & FINANCIAL CHRONICLE
1454
Santa
Fe, New Mexico
First
National
of
Bank
Chicago and the Milwaukee Co.,
Milwaukee,'jointly, at a price
interest cost of about
1.113%, as follows: $7,600 air¬
of par, a net
port
as IV4S,
due July 1, 19451952; $50,000 Bruns General Hos¬
pital as iy4s, due July 1, 19451959, and $100,000 street and road
improvement as Is, due July 1,
Air of
1954.
to
bonds
the
are
dated July 1, 1944.
Second
high bid of 100.52 for all of the
bonds
IVis,
as
■
to New York motorists that some¬
in the future they
time
opportunity to vote to
protect their road funds. In this
State action of the Legislature is
have
an
submit
needed to
constitutional
a
amendment to the people.
Maine is the 15th State to adopt
such
taxes
such
dedicating
amendment
an
and
other
automotive
highways.' States with
gasoline
to
amendments
^
successful
were
bidders for the $25,000 coupon or
system
supply
water
bonds offered Sept. 22—v.
for
100.41
1341—paying
160,
1.60s,
p.
a
basis of about 1.56%. Dated Aug.
1, 1944, and due $1,000 on Feb. 1
from
1945 to 1969, jricl.
Other
Y;
1.70% Bonds
bids:
For
Wiegold & Co._100.42
Marine Trust Co., Buffalo__100.29
For
100.20
1.80% Bonds
r
jointly__100.44
Gibbons & Co., Inc._100.35
For
2% Bonds
Luzerne-Hadley Bank, y
__100.00
Lake Luzerne
For
2H% Bonds
Chester-Schroon-Horicon
Bank, Chestertown______100.00
Mamaroneck,
tax
160,
v.
offered
notes
p.
«
$212,Sept. 26—
awarded to
1341—was
Manufacturers
the
New York
Y.
N.
issue of
Sale—The
Note
500
these
two
action
States,
automotive
Trust
Co.
in
of
17
total
constitu¬
have
then
will
taken
is
a
tional amendments to
protect their
funds.
tax
of
City, which purchased
a
threat to sound
enormous
of
sums
from the
the
highways, and then
diverts hundreds of millions of
those dollars for purposes having
nothing whatsoever to do With
highways. That practice certainly
is not sound highway planning. It
retards progress towards obtain¬
ing needed road facilities. If con¬
tinued during the post-war pe¬
riod, New York will make only
snail's
pace
in obtaining good
roads.
There
be
can
sound
no
highway planning in this State so
long as enormous amounts of road
funds are diverted. To issue bonds,
highway
those
increased
for
look
to
or
aid
grants
millions
of
Federal
replace
to
dollars
of
di¬
verted funds, is unfair to the mo¬
28, 1945,
torist taxpayers, and an unsound
$112,500^
maturing Sept. 28, 1945, at 0.55%. public policy. Yyy- Y
"The people of New York, like
The notes are dated Sept. 28, 1944.
The County Trust Co. of White the people of Maine and the other
Plains, second high bidder, named States with constitutional amend¬
a
rate
of 0.58%
for the entire ments to protect their road funds,
should be given an opportunity
$212,500 notes.
f,
:
V
by the Legislature to vote upon
New York, N. Y.
: this fundamental question," said
maturing Feb.
$100,000
at
0.35%
interest
Revenue Bills
and
Sold—City Comp¬
Mr.
"Without delay the
should sub¬
mit to the people a constitutional
Wright.
troller Joseph D. McGoldrick an¬
nounced Sept. 28 the sale of $25,-
New York Legislature
bonds at 0.50%
interest, payable at maturity. The
bills are dated Sept. 29, 1944 and
amendment
000,000
revenue
mature
Oct. 27, 1944. They were
alloted among various banks and
companies in the city, with
National City Bank, at $3,-
trust
the
motive
to
dedicate
funds
tax
for
auto¬
all
bonds, divided as follows:
'%
Due
Note
mond
the
Y.
highway
Offering—Chairman
Butler
B.
Edthat
announces
authority will receive sealed
bids until 2 P.M. (EWT) on Oct. 9
for
notes (issue IX),
1944 and due April
19, 1945, comprising the following:
$300,000 first series, $400,000 sec¬
ond series, $400,000 third series,
$500,000 fourth series,
$500,000
fifth series, $500,000 sixth series
and $380,000 seventh series.
$2,980,000
dated Oct. 19,
New
York
on
Seen
as
version
velopment—New
who
have
seen
Road Fund Di¬
Favorable
De¬
York motorists,
more
N. Y.
than
$600,-
receive
(EWT)
purchase of
$13,000 not to exceed 5% interest
man,, City Treasurer, will
sealed bids until 3 P. M.
on
Oct.
coupon
Dated
5
for
the
$1,000.
to
1945
1,
fol¬
and
$474.45.
Due Oct. 1, as
lows:
$6,474.45 in 1945,
$6,000 in 1946 to 1949.
$3,650.75 in 1945,
and $4,000 in 1946 to 1949.
t
Dated Oct. 1, 1944.
Rate of in¬
terest to be in a multiple of % or
one-tenth of 1%, and must be the
,
Prin¬
bonds.
for all of the
cipal and interest payable in law¬
ful money at the City Treasurer's
office, with New York exchange.
Registerable as to principal and
for less than par and
off
will
delivery
bids
and
all
the
terms
will
odd
be
accrued in¬
date of bonds to date
terest from
not
of
be considered
complying with
the
written
r;
if
and
the successful
of
notice
rejected.
The
denominations will
sale
bonds
of
be type¬
requested
so
by
bidder, will be pur¬
by the City'for its Sink¬
chased
ing Funds, but at no greater price
than that offered by the success¬
ful bidder.
The City is operating
under its City Charter, Chapter
658
of
the
Laws
of
1923,
as
amended and the Second Class
The purchaser will
be furnished with the opinion of
Cities
Law.;
Wood, Hoffman, King & Dawson,
of New York, that the bonds are
valid and legally binding obliga¬
tions of the City, and that the
City has power and is
obligated
to
levy ad valorem taxes for the
payment of said bonds and thq
thereon
interest
upon
all
real
property within the City, subject
to taxation by the City, without
limitation of rate or amount. The
will
bonds
delivered
be
the
to
purchaser on Oct. 20, 1944, or as
thereafter as delivery can be
soon
effected.
A
prescribed
form
therein
as
pre¬
To Issue Bonds—City
will effect
of $270,000 bonds, proceeds of
will
be
used
as
follows:
$155,000 for water system im¬
provements^ $100,000 for v ceme¬
teries and $15,000 for street im¬
provements.
Clyde, N. C.
the
same
for
all
of
Principal and interest
the
pay¬
or
at
the
Marine
Midland
Trust
Co., New York City. The period
probable usefulness for which
of
the
indebtedness
is
to
be
con¬
Oscar
Burnett
&
Co.
of
Greens¬
interest cost
of about 3.493%, as follows:
$27,000 Water and Sewer bonds.
For $15,000 maturing $1,000
April 1, 1945 to 1959, as ZViS,
$6,000 maturing:;$l,000 April
1, 1960 to 1965, as 3V2S, and
$6,000 maturing April 1, $1,000
1
in 1966 and
1967, $1,500 in
1968, and $2,500 in 1969, as
boro, at par,
a
net
3%s.
24,000
Street
bonds.
For
Improvement
$15,000 maturing
receive
Oct. 2
on
for the
purchase of $30,000 not. to
exceed 2V2%
interest water fil¬
tration bonds. Dated Oct.
Denom.
1945
$1,000.
to
1, 194'4.
$3,000 from
Due
1954, incl.
North Dakota
(State of)
f
Co., New York.
Tax Collections in Year Total
maturing May 1,
$41,821,499—Tax collections of the
1945, and subsequent thereto must
State of North Dakota in the fis¬
attached
be
to
each
-
bond
"
i'
upon
.
story
news
which
Greensboro
the
for
men
the
Town
appeared
"Record"
by
of
spokes¬
Hamilton
of
cal year ended June 30 amounted
to
$41,821,499, against disburse¬
ments
Greensboro, N. C.
Suburb May Merge With City—
We quote in part as follows from
of $30,698,976, Carl Ander¬
State Treasurer, announced
recently. As of June 30, the State
son,
fund held
a
balance of $33,377,409,
compared with $22,254,885
a
year
ago.
yYY
Total collections of the general
fund
for
the
fiscal
year
were
$9,234,603,
with
disbursements
amounting to $6,305,565. Securi¬
held
by the State totaled
the City of Greensboro may lead
$61,235,624,
including $4,489,519
to a merging of these two munic¬
of municipal bonds and $19,100,ipalities as a result of action taken 639 of
for
Lakes
fire
and
lower
for
rates
water
protection service
from
ties
U.
S.
bonds.
Government
yesterday by the Greensboro City This
compared with $50,368,915 as
Council.
.
of June 30, 1943, including $6,"A committee was appointed by
363,567 of municipals and $11,Mayor W. H. Sullivan, through
352,317 of United States bonds. '
authorization voted by the Coun¬
Revenues
from
cigarette
taxes
meet with the Hamilton in the fiscal
year were $872,300
governing
body and to and
income taxes yielded $2,402,-:
study not only the. question of
900.
Both figures represent peak
lower
service
charges but
the
figures in the State's financial;
feasibility of making the town a
history.
1
part of the City of Greensboro.
"Such action, of course, would
OHIO
necessitate enabling legislation by
the General Assembly which con¬ Anderson Township School Districtl
(P. O. Newton), Ohio
'
venes Jan.
3, as to a merger of
cil,
to
Lakes
'
-
the two
"The
is
Bond
municipal corporations.
City Council's Committee
of C.; M. Vanstory,
Chairman; E. D. Yost and
Kemp C. Clendenin, with City
Manager H. A. Yancey serving as
composed
Election
$350,000
will
be
member
a
ex-officio.
meet with Mayor,
other
and
ton
Hamilton
Joseph R. Mor¬
members
Lakes
will
They
Town
of
the
considered
of
issue
building
at the November
bonds
by the voters
general election.
Barberton, Oluo
Election
Bond
An
—
issue
of
$68,000 viaduct construction bonds
will be considered by the voters
at the November general election;
Council,
Barnesville,
Holderness,
together with W. H.
An
—
school
Jr.,
Ohio
V
V
Town Faying Off Debt—Town
Clerk " John C. Wells announced
Town Counsel.
informed the City
on Sept. 1 that the Town had paid
yesterday of his belief
off $10,266.66 in village bonds; or
that becoming a part of Greens¬
almost 20%
of the outstanding
boro
would
meet
with
favor
indebtedness, not counting the
among residents in general of the
water
"Holderness
Council
town, which was incorporated in
1925.
The town has an assessed
valuation
property
and
of
outstanding
an
of
$1,900,000
bonded debt
$124,000."
Wilmington
N.
Sale—A
Bond
Authority,
C.
syndicate
com¬
posed of Phelps, Fenn & Co., F. S.
Moseley 8c Co., R. W. Pressprich
8c Co.,
of
works
the
new
The
Union. Securities Corp., all
York, Lazard Freres &
New
Co.., Equitable Securities Corp.,
Robinson-Humphrey Co., of At¬
Hemphill,
included
and
Y
,
retire¬
$1,500 of new fire truck
interest; $4,000 of
bonds plus $90
town's
share
of
the
first
bonds
plus $375 interest;:
$1,000 of the town's share of gen¬
eral sewer bonds plus $90 inter¬
est, and $3,600 of delinquent taxes
plus $261.25 interest.
VV''YY:YY;:;
On Oct. 1, $525 of old refund¬
ing bonds and in December $750
of refunding bonds will be paid
sewer
bringing
off,
to
$11,541.66
the
amount of bond payments made in
Noyes & Co., 1944."
Harvey Fisk: 8c Sons, Reynolds &
lanta,
revenue/ bonds
grade school issue.
payment
of
ment
the
Housing
v
will
This
leave
y,;'yyy;
the
town with
Co., all of New York, McDonald
$45,883.32 of outstanding bonds
& Co., of Cleveland, White, Hatplus $59,000 new water works
tier 8c Sanford, of New Orleans,
bonds'and $80,000 of new grade
and. Bullington-Schas & Co., of
school bonds.
'
yy',y'"v
Memphis, was the successful bid¬
der on Sept, 27 for $1,313,000 Re¬
Bexley School District, Ohio
,
(First Issue) Series A
bonds, at 100.00, a net interest
cost of 2.043%,
as follows:
For
$99,000 maturing June 1, $17,000
in 1945, $19,000 in 1946, $20,000
in 1947, $21,000 in 1948, $22,000 in
1949, as 6s, $71,000 maturing June
1, $23,000 in 1950, $24,000 in 1951
and 1952, as 2M>s, and $1,143,000
maturing June 1, $25,000 in 1953
and
1954, $26,000 in 1955
and
1956, $27,000 in 1.957 and 1958.
$28,000 in 1959 and 1960, $29,000
in 1961, $30,000 in 1962 and 1963.
$31,000 in 1964 and 1965, $32,000
in 1966, $33,000 in 1967 and 1968
$34,000 in 1969,. $35,000 in 1970
and 1971, $36,000 in 1972, $37,000
in 1973, $38,000 in 1974 and 1975.
$39,000 in 1976, $40,000 in 1977,
$41,000 in 1973, $42,000 in 1979
and 1980, $43,000 in 1981, $44,000
funding
in
$1,000 April 1, 1945 to 1959,
as
314s, $6,000 maturing $1,-
1982,
$45,000
in
1984,
and
000
2s.
April 1, 1960 to 1965, as
will
sealed bids until 8 P. M.
at the Chem¬
of
proposal will be furnished on ap¬
plication at the City Comptroller's
office and all proposals must be
unconditional
their
present
-
for payment
Auditor,
City
son,
Interest coupons
a
follows:
road ramp bonds of 1944.
be
bonds.
should
Holders
bonds
in
same
on
1944, of all outstand¬
ing Water, Sewer and Street Re¬
funding bonds, dated May 1, 1936,
payable May 1, 1961 and 1962.
19,650.75 Delinquent County Tax
bonds.
Denomination $1,000, Sept. 20: Y, ^y-yy
Y "A request voiced
one for $650.75.
Due Oct. 1,
as
Joyce
November 1,
30,474.45 Delinquent Tax bonds.
Denomination $1,000, one for
Bond Sale—The $51,000 refund¬
1944. Interest J-J.
Denomination $1,000. Due July 1, ing
bonds
offered
Sept.
26—
as
follows:
$2,000 in 1945 and v. 160, p. 1341—were awarded to
1946, and $3,000 in 1947 to 1949. a group composed of First Secur¬
Rate of interest to be in multiples ities
Corp., Durham, Vance, Young
of one-tenth
or
% of 1% and & Hardin of Winston-Salem, and
must
Clerk
payment
announces
presentation.
July 1,
tracted is five years.
Provision
000,000 of their gasoline taxes and
has been
made as
required by
registration fees diverted to nonSection 6 of the General Munic¬
highway purposes, are wondering
ipal Law to provide a, sum of
if the old slogan, "As Maine goes,
money sufficient to pay at least
so goes the nation," holds true in
5% of the entire estimated cost of
respect to the diversion of road
said improvement. The bonds are
funds, Thomas E. Wright, Secre¬
general obligations payable from
tary of the New York Petroleum
taxes. The approving
Industries Committee, pointed out unlimited
opinion of Wood, Hoffman, King
recently.
Oct.
1954.
which
able at the City Treasurer's office
(State of)
Maine Vote
$5,000
.
'
Bond Offering—Albert F. Hub-
■'
Improvement
Denomination
bonds.
Haynes
ical Bank & Trust
our
T onawanda,
City Housing Authority,
N.
Public
$50,000.00
sale
•
noon
democratic form,J scribed. Enclose a certified check
of government the people them¬
for $2,002.50, payable to the City
selves should decide such basic
Comptroller. yY;■' <; 'Yy ■ ; Y ■: Y Yy.
questions of public policies.
To
deny the people this right, to
NORTH CAROLINA
withhold from them the privilege
Y;
Charlotte, N. C.
to vote on such an amendment is
In
purposes.
875,000, and the Guaranty Trust
Co., at $8,200,000, being the lar^.
wholly undemocratic."
gest participants.
; v
:
New York
until
.
interest and not otherwise. No bid
users
Sherwood & Co.,
Y,1
favorable
collects
F. Childs & Co. and
Geo. B.
on
If
highway planning in this State,"
continued Mr. Wright. "New York
l->4% Bonds
E. H. Rollins & Sons
C.
anti-diversion amendments.
lot
"Diversion is
Chas. E.
For
the peo¬
ple of two of these State — Ne¬
braska and Washington—will bal¬
100.448
Gordon Graves & Co.
Nov. 7,
on
bids
re¬
(EWT) on Oct. 5 for the purchase
of $100,125.26 not to exceed 4%
interest
coupon
or
registered
At the coming gen¬
eral elections
States
Rate Bid
Bidder
ilar constitutional amendments to
the electorate.
sealed
ceive
J. Nel¬
will
Comptroller,
City
son,
include:
now
California, Colorado, Idaho, Iowa,
Bernheimer Co. and Otis & Co.,
Kansas,
Michigan,
Minnesota,
jointly.:
Missouri,
Nevada, New Hamp¬
shire,
North
Dakota,
Oregon,
NEW YORK
South Dakota and West Virginia.
In five additional States, Connec¬
Johnsburg, North Creek Water Dist.
ticut, Kentucky, Nebraska/Penn¬
(P. O. North Creek), AC Y.
sylvania and Washington, action
Bond Sale—Newburger, Loeb &
has been initiated to submit sim¬
registered
Bond Offering—Thomas
Call—Town
Bond
:-
Utica, N. Y.
also may
made by Baum,
was
Co. of New York
& Dawson, of New York, will be
furnished the purchaser.
.
of
1945
peo¬
"
$157,600 of va¬
rious improvement bonds offered
Sept. 26, and described in detail
in v. 160, p. 876, were awarded
the
11 election the
ple of Maine with a 4-to-l vote
Bond Sale—The
to
The balance of $521,000, matur¬
314's, and $3,000 maturing $1,
000 April 1, 1966 to 1968, as ing June 1, 1986 to 2000, will be
The city
taken by the FPHA, as Series B
3%s.
ratified a
constitutional amend¬ is operated under Charter, being
Y/:-w. '
yThe next highest bidder was: bonds at 2%% interest.
j
ment to guarantee that all auto¬ Chapter 357 of the Laws of 1905
Bank
&
Trust
Co.,
motive tax funds shall be used which became a law April 29, Wachovia
NORTH DA OTA
and amendments thereto. Winston-Salem, at 100.10 for 3%s,
exclusively for highway purposes, 1905,
net
interest
cost
of
about
said Mr* Wright, adding that the Enclose a certified check for $500, a
Jamestown, N. D.
3.742%.
Bond Offering—A. R. Thomp¬
action of Maine is affording hope payable to the City Treasurer.
At its Sept.
MEXICO
NEW
Monday, October 2, 1944,.
...
in
1983, $46,000
$47,000 in 1985,
as
Bond
ber
Election—At the Novem¬
general
will consider
election
the voters
$310,000
issue of
an
building bonds.
Bloom
Bond
issue
Township (P. O. Bloomville), Ohio
Election—A
$6,000
bonds will be
fire
on
proposal to
truck purchase;
the ballot at the
November general election.
i
Cleveland, Ohio
Market Construction Bond Pro¬
Advocated—Finance Direc¬
posal
tor
Joseph Sweeny recommended
recently the construction of a
proposed new Central Market, to
be financed through the issuance
of $800,000 in bonds.
Coal
Township School District
(P.O. Coalton), Ohio
Bond
Election—At the Novem-'
ber
general
will
consider
election
a
the
voters
proposal to issue
$50,000 building bonds. The voters-
Volume 160
defeated the
tion
Number 4321
at
measure
Aug. 29.
on
THE COMMERCIAL & FINANCIAL CHRONICLE
elec¬
an
^
a;,a OREGON
A-A'V* - State Attorney General and the that 'revenue bonds would be is¬ fund to
buy the bonds and a suf¬
A
' ficient balance to
Pennsylvania - Department of In¬ sued.
meet all necesCounty School District No. 19
ternal "Affairs" as to the legality
This is an Outgrowth of the Se¬
sary payments which might arise."
(P. O. Albany), Ore.
of a projected issue of $500,000 curities Exchange Commission or¬
Provisions in the bonds allow
Warrant Sale—An issue of $4,bonds .for
Linn
Deerfield
Township School District
(P. O. Deerfield), Ohio
Bond
Election
An
—
issue
of
000 warrants
$25,000 school construction bonds
to
Mil be considered by the voters
at the November general election.
land,
A
/
Charles
awarded Aug. 4
was
N. Tripp
$100,000
will
—
hospital
at the November
bonds
by the voters
general election.
*
Lima, Ohio
A
fa. A
Election—At the Novem¬
Bond
ber
general
the
election
voters
sue
and
.
an
is¬
building bonds.
Lowellville, Ohio
v.
Judgment
bonds has been pur¬
the State Teachers Re¬
tirement System,
as 3s,
at par.
Dated Aug. 1, 1944. Denom. $600.
Due $600 on Aug. 1 from 1945 to
1949, incl. Principal and interest
,
chased by
at 1 the
payable
office.
North
College Hill, Ohio
general
will
f
Election—At the Novem¬
Bond
ber
Clerk's
Village
,
asked
be
the
election
voters
authorize
to
the
State
Portland, Ore.
Offering — J. O.
Bond
meier,
City
-
of
Auditor
_(i
Bond
Brede-
tern,
pro
$12.,000,000 not to exceed 2%
.
1944,
bonds.
Dated
Nov.
15,
Denom. $1,000. Due $600,000
Nov. 15 from 1947 to 1966, incl.
Interest M-N.
-
on
er
bonds
after Nov.
or
or
any
part
15, 1955, the
of
the
bonds
then; outstanding,
—
L.
W.
Hummel,
Nos.
101
to
200.
Dated
1, 1939. Denom. $1,000. Due
$20,000 on Nov. 1 from 1945 to
1949
incl. a Redeemable
First
National Bank
at
of Philadel¬
Bond
York, Pa.
Offering — Theodore
Freed, Director of Accounts and
Finance, will receive sealed bids
until 9:30 P.M. (EWT) on Oct. 20
for the purchase of $200,000 cou¬
of
one
sponsible bidder at not less than
dated
or
1V2
Nov.
98.00 and
000.;
the
following
Interest M-N.
accrued
interest.
Com¬
petitive bidding shall be partially
or wholly
upon the rate or rates
of interest aftd the rate or rates
of
interest
ing to the
will
be
bid
of
fixed
the
accord¬
successful
election.
*
Ravenna Township
made
at
the*expense of the pur¬
general chaser. The City Council reserves
the right to reject any or all bids
November
*
School District
"■
(P. O. Ravenna), Ohio
V Bond Election — An issue
and
to
should
proceed
the
bids
to; readvertise
prove to be not
of satisfactory. - Enclose a certified
check for 2% of the face value of
$75,000 building bonds will be
considered by the voters at the the bonds: bid for, payable to the
City. Should a bidder choose to
November general election.
*
withdraw his bid previous to the
Wooster, Ohio
date and hour of sale, the good
,
Bond
Election
—
An
issue
$300,000 community hospital
site
purchase bonds will be
of
and
con¬
faith check will be returned.
(Previous mention of this offer¬
ing was made in v. 160, p. 1342.)
sidered by
the voters at the No¬
general election.
vember
OKLAHOMA
Bond Offering
-City'
non,
Clerk,
will
sealed bids until 8 P.M.
Springfield, Ore.
Bonds
Voted—At
the
Sept.
14
election the following bond issues
McAlester, Okla.
— Celest O'Ban-
.
receive
on
Oct. 2
were
approved by the voters: $12,-
000 fire
000
fighting equipment, $10,$7,000 park and play¬
and
$1,500
dumping
sewer,
ground
ground.
u,
purchase of the $25,000
disposal plant bonds un¬
PENNSYLVANIA
I
&
successfully offered previously 011
June 13.
;AA'
-ABaldwin Township School District
;■ Due $2,000 in 1947 to 1958, and
(P. O. Pittsburgh), Pa.
for
the
sewage
■
,
$1,000 in 1959. The bonds will be
awarded
the
to
lowest
agreeing to
the
rate
pay
interest. Enclose
for 2%
of the
•<"
August
Tax
Election
—<
A
five-year
offering $1,000,000 program of school
interest and pansion in the above district
par and accrued
a certified check
amount bid.
Oklahoma
Bond
bidder
of
(State of)
Collections
Show
Decrease—Collections by the Ok¬
lahoma Tax Commission in ; the
The
the
ex¬
was
adopted by the Township School
Board at a meeting on Sept. 19.
A $550,000 peoples' bond issue to
finance eight projects in the pro¬
will be placed on the ballot
approval in November.
gram
for
before
Su¬
state
would
.
of
,
serially each Jan. 1 from Jan.
1926, to Jan. 1, 1950.
SOUTH
remain
tric
S. D.
refunding
bonds
1946
%.
Bonds will be
1, 1944. Denom. $1,-
to
this
pointed
mayor
could
quired to
effected
be
taxes
the
out funds
pay
and
company
as
property taxes
is required to
/A
now.::A..y
such
Mount
rates
power
50%
of
the
1
would
is
a
be
40
airport
160,
v.
the
Tenn.
$30,000 coupon
bonds offered Sept. 22—
1126—were awarded to
p.
Thomas
H.
Temple Co. of
IV2S, at a price of
Nashville,
as
101.653,
basis
a
Dated Aug.
on
of
about
1.30%.
1, 1944 and due $2,000
Aug. 1 from 1946 to 1960 incl.
Murfreesboro, Tenn.
Sale—The $200,000 water
bonds offered Sept. 21—
Bond
to
rates.
He
that this would
present
wonderful
Pleasant,
y,■:
• ^
have to be worked out.:
"This
$18,000
Aug.
Bond Sale—The
He estimated that the reduction
added, however,
1, as follows: $14,000
1955, and $15,000 in
for
because the city would not be re¬
in
offered
awarded to the First National
Bank of Volga, as 3s.
was
un¬
reduction in elec¬
a
The
rates.
that
income
DAKOTA
TENNESSEE
reasons
to afford
out
1,
Volga Independent School District,
seeking
acquire the properties, he said,
was
1, 1945. When the bonds
they were to mature
Bond Sale—The issue of
mayor
/
sold
were
final
the
city
company
0.50,:%, %, %, 1,1%; Vfa,
Due Nov.
in
Court
the
to
after Jan.
of the action
case
taken
opportu¬
works
160, p. 1239—were awarded to
the Equitable Securities Corp, and
v.
Webster & Gibson, both of Nash-'
1956 to 1959. Bids will be received
nity
for the entire issue at any of the
he said. "It will not only mean a
a
above rates of interest but
saving to the citizens but will in¬
crease the city's revenue."
1.605%, as
due $7,000
The mayor said that he did not
know when a report on the com¬
to 1951 incl. and
pany's investigation would be re¬
ceived.,'-';::;
/" A;', A;AA'
For
approximately
six
years
some city officials have been in¬
terested in acquiring the utilities
incl. and
here and when the South Carolina
Nashville Securities Co.
no
bid
amount of the issue at the lowest
interest
shall
cost
to
Public
be
paid
on
of
such
thereof, the
premium offered, if
of
Columbia,"
tem.
:
;
y.
matter
and
been
year on
several
held
conferences
within
the
past
this matter. ■AV*A
City
cost
follows:
on
of
about
$49,000
Oct.
1
from
>
23/4s,
1945
$151,000 IV2S, due
Oct. 1 from 1952 to 1965
on
$11,000 in 1966. Second
bid of 100.027 for $82,000
IV2S and $118,000 l%s, a net cost
of
about
Halsey,
1.639%,
Stuart
&
was
Co.,
made
Inc.
by
and
TEXAS
Corpus Christi Independent School
District, T ex as
Bond
and
sealed
bids
until
noon
Oct. 9 for the purchase
Issue
Placed
Dewar,
Pancoast, and Russ
Co., both of San Antonio, joint¬
Robertson
&
—
&
ly, handled placement of an isue
of $142,000 1%%
refunding bonds,
dated
to
July 15, 1944 and approved
legality by W. P. Dumas of
Dallas.,
F.
Theiling,
Treasurer, .will
Offering—L.
Clerk
(EWT)
price of 100.028,
high
as
Orangeburg, S. C.
receive
a
interest
$10,000
A
Santee-Cooper failed to
buy the properties, then the City
of Columbia began studying the
Bond
net
for
After
have
ville, jointly, at
Service
Authority began
the purchase of
properties, city officials agreed
to buy the local distribution sys¬
City, which
deducting
account
City
the
amount of interest
bonds during the life
the
negotiations
be determined by
from the total
to
the
for
.a
^A'V.-.V
V.
Dallas County (P. O. Dallas), Tex.
Texas Warrant Issue Details—
The $49,238 2%% and 2%%
funding
bonds
purchased
re¬
by
&
Co. of Dallas, and
obligation
Associates, as noted in v. 160,
amount of the issue.
These obli¬ funding bonds. Dated Oct. 1, 1944.
gations will be payable from ad Denom. $1,000. Due Dec; 1, as fol-. p. 1343—bear date of April 10,
lows:
$3,000 in. 1945 and 1946; 1944 and were approved us to
valorem taxes within the taxing
limitations imposed by law upon $4,000, 1947 and 1948; $5,000, 1949 legality by W. P. Dumas of Dallas.
1.950; $20,000, 1951 to 1955 The bond houses exchanged the
cities
of
the
third
class.
The and
warrants for an equal amount of
enactment, at any time prior to incl.; $25,000 in 1956 and $30,000
the delivery of the bonds of Fed¬ in 1957. The bonds maturing sub¬ road and bridge refunding bonds,
eral legislation which in terms by sequent ,to Dec. 1, 1951, are call¬ bearing the same rates of interest.
the repeal or omission of exemp¬ able on any interest date on or
El Paso Housing Authority, Texas
tions or otherwise, subjects to a after that date, at par and accrued
Bond
Sale—A syndicate com¬
Federal income tax the interesl interest to redemption date. Prin¬
posed of Phelps, Fenn & Co., F. S.
on
bonds of a class or character cipal and interest payable at the
Moseley & Co., R. W. Pressprich
which includes these bonds, will, Chase National Bank of New York
& Co., Union Securities Corp., all
at the election of the purchaser, City. Delivery of the bonds will
of New York, Lazard Freres &
relieve the purchaser from his ob¬ be accompanied by the favorable
Co., Equitable Securities Corp.,
of
Huger
Sinkler
of
ligations under the terms of the opinion
Robinson-Humphrey Co., of At¬
contract of sale and entitle the Charleston, which will state that
lanta, Hemphill, Noyes
& Co.,
for the payment of the bonds, the
purchaser to the return of the
HarveyAFisk & Sons, Reynolds &
is required to levy a tax
amount deposited with the bid. city
Co., all of New York, McDonald
These
bonds are issued subject without limitation as to rate or
& Co. of Cleveland, White, Hatto the favorable opinion of Town- amount. Bids shall be conditioned
tier & Sanford, of New Orleans,
on
this opinion.
City's right to
send, Elliott & Munson,. of Phila¬
Bullington-Schas & Co., of Mem¬
issue these bonds has been af¬
delphia, and will be delivered to
phis, and J. S. Curtiss & Co., of
by the
South Carolina
the purchaser only if and after firmed
El Paso, was awarded on Sept. 27,
the proceedings
authorizing the Supreme Court in its decision of $1,284,000
series A first issue
issuance thereof have been ap¬ Sept. 7, 1944, reference to which
authority refunding bonds at a
was
made in v. 160, p. 1343. A
proved by the Department of In¬
price of par, a net interest cost
ternal Affairs.
Enclose a certi¬ certified check for $2,500, pay¬
of about 2.0395%, as follows: For
fied check for 2%
of the face able to order of the City Clerk
$97,000 maturing ! Aug. 1, $17,000
amount of the bonds, payable to and Treasurer, is required. Suc¬
in 1945, $18,000 in 1946, $19,000
cessful bidder to pay for printing
the City Treasurer.
in 1947, $21,000 in 1948, $22,000
of the bonds.
in 1949, as 6s, and $1,187,000 ma¬
SOUTH CAROLINA
York County (P. O. York), S. C. turing Aug. 1, $23,000 in 1950 and
Columbia, S. C.
1952 and 1953,
Bond Call—Walter D. Thomas- 1951, $24,000 in
amount
any,
of
over
and
above
the
face
of
on
$179,000
general
The eight projects to be com¬
pleted in the five-year post-war
August aggregated $5,period, William W. Ds'yer, School
381,472, a decline of 5.16% from
Board
President, disclosed, will
collections of $5,674,475 in August,
include two junior high schools—
1943. Contributing to this decrease
one in the
north and one in the
was a drop of 3.70% from gasoline
south end of" the township; two
taxes, to $2,830,505 from $2,939,Seeks To Acquire Local Util¬
new
elementary schools, replac¬
318.
son,
Chairman of the
Sinking
.a v-/A;
:
ing the present Bennett and Wil- ity—Mayor., Fred D. Marshall dis¬ Fund
Commission,
announced
Yields from income taxes de¬
lett school
recently
that
the
City that th6 county will call for re¬
buildings, and addi¬ closed
creased* 8.38%
to $699,323 from
tions to Union, McGibbeny
and Council has r authorized a New demption on Jan. 1, 1945, all out¬
$763,304. Sales tax collections rose
Sickman schools. A new elemen¬ York City company to investigate
standing road and bridge bonds of
12.41% to $3,153,555 from $2,805,the possibility of the city acquir¬
tary school
also
will
be
con¬
the issue of Jan. 1, 1925.
Mr.
487. Corporation license fees to¬
structed
in "the
Country Club ing the local properties of the Thomassori said, that he would
taled
$789,461,
compared
with
South
Carolina Electric
& Gas
Heights district, which now has
give the required 90 days' notice
$719,081 in the 1943 period.
Co.
The project would involve a to bondholders and controllers on
no school
building.
;
Commission officials said that
cost oLapproximately $39,500,000, Oct. 1
that the bonds, now amount¬
the
accumulated
collections
for
Beaver Falls. Pa.
according to report.
Mayor Mar¬ ing to $340,000, would be re¬
the first two months of the 1944Legality
Of
Proposed Bonds shall' is quoted as saying that if deemed.
;
45 fiscal year totaled $10,625,528,
Questioned—Due to the fact that the
city was successful in its ef¬
"We are calling these bonds in
while collections for the same pe¬ about 700
servicemen will not be forts to acquire the utilities,
here, now to save the interest," Mr.
riod of the
1943-44 fiscal year able to
pass on the question, the that the taxes or property of the
Thomasson said, "since we have
were $10,436,799.
city is seeking an opinion from the city would not be pledged but
adequate funds in the sinking
,
month
*
them to be called for
payment at
par at any interest period on or
agreement would be reached.
pay
name
rates:
1%
to sell to the
agree
test
a
be
preme
to
interest
at the date of payment. The bonds
will be sold to the highest re¬
—
the
that
would
face
'
at
and
that
accrued
dis¬
be
City of Columbia that it would be
to hold an election ap>proving the action of City Council
to
F.
.
voters
company
pon,
registerable as to principal
only, improvement bonds. Bidder
with
properties
Mayor Marshall said that should
the
such redemp¬
tion to be made consecutively by
number and by payment of the
value
the
One of the
bond issues: $140,000 bidder, not exceeding 2% per an¬ combining two different rates of
$70,000 swimming pool. num when computed Con entire interest will be accepted. Regis¬
issue. Principal and interest pay¬ tered as
to principal only.
The
Parma City School District,Ohio
able at the City Treasurer's office.
bonds and interest thereon will be
Bond Sale—The $28,000 series
Said bonds are issued under au¬
payable without deduction for any
C coupon refunding bonds offered
thority of Section 11-1104 of the tax or taxes, except succession or
Sept. 22—v. 160, p, 1342—were Charter of the
City, and are gen¬ inheritance taxes, now or here¬
awarded to William J. Mericka &
eral obligations of the City, and
after levied or assessed thereon
Co., of Cleveland, as 2s, at a price are
within every debt limitation under
any present or future law
of 100.794, a basis of about 1.90%.
provided by law. The bonds shall of
the
Commonwealth, all
of
Dated Dec. 1, 1944, and due Dec. 1,
be sold subject to the prior ap¬
which taxes the City assumes and
as follows: $10,000 in 1951, $12,000
proving opinion of Teal, Winfree, agrees to pay. The bonds will be
in 1952 and $16,000 in 1953. Sec¬
McCulloch, Shuler & Kelley, of sold to the highest responsible
ond high bid of 100:304 for 2%s
Portland.
Each bid must be ac¬
bidder, provided such bid is not
\vas made by Seasongood & Mayer
companied by a statement show¬ less than par and accrued interest.
of Cincinnati..
' A';A
ing net cost to the City, accord¬ The
highest responsible bidder
j
Ravenna, Ohio
ing to bid submitted. If delivery shall be the one
who, having
Bond Election
A proposal to is demanded outside of the
City
complied with the conditions of
issue $50,000 airport development of Portland, such delivery will be
sale, offers to take the whole
bonds will be considered
the
that
posed of.
changed.
phia.
and
by
der
pointed out that if
acquired the properties
that the present personnel of the
the
Nov.
The
on
Call
following
sewer
..
necessary
Township, Pa.
Township Secretary, calls for pay¬
ment on Nov; 1, 1944, at par and
accrued interest, $100,000 2% sew¬
and
date
a
..
interest general obligation sewage
disposal
issue
sources
•;
Radnor
whole
Sold—An issue of $3,000
Bonds
the
favorable:
opinion, the bond issue
price of 100.17, will
be- considered by the voters
Due in
at the November general election.
city reserves the option
privilege of calling and re¬
of $390,000 memorial'hospital
deeming at any interest paying
nurses' home
will be asked to authorize
post-war improvements.
Should
1.46%.
issue
An
addition
considered
be
a
about
Co. of Port¬
will receive sealed bids until 11
Aa/A
of A. M. on Oct 10 for the purchase
Galion, Ohio
Election
Bond
11/2 s, at
of
from 1 to 8 years.
Dennison, Ohio
A*
1
as
basis
a
Bonds Authorized—The
Village
Council recently
authorized an
issue of $8,000 street bonds.
>
■
.
,
•
,
1455
Crummer
$25,000 in 1954 and 1955, $26,000
in 1956 and 1957, $27,000 in 1958
and 1959, $28,000 in 1960 and 1961,
$29,000 in 1962 and 1963, $30,000
in 1964, $31,000 in 1965 and 1966,
$32,000 in 1967, $33,000 in 1968
and 1969, $34,000 in 1970, $35,000
in 1971 and 1972, $36,000 in 1973,
$37,000 ill 1974 and 1975, $38,000
in 1976, $39,000 in 1977, $40,000 in
1978, $41,000 in 1979 and 1980,
$42,000 in 1981, $43,000 in 1982,
$44,000 in 1983, $45,000 in 1984
and $46,000 ih 1985, as 2s.
The balance of $1,148,000 ma¬
turing Aug.
1, 1986 to 2000, will
.
A*.
COMMERCIAL
THE
1456
Monday, October 2, 1944
& FINANCIAL CHRONICLE
i
the FPHA, as Series
be taken by
B
interest.
bonds, at 2%%
Sold
Bonds
chased
Wichita has pur¬
issue of $76,000 4%
an
1, 1944, Legality ap¬
Dated April
McCall of
444/;4444
D.
John
by
proved
Dallas..
bonds.
refunding
1944-A
series
Ranson-Da-
The
—
of
Co.
■
Mabank, Texas
To Legality
$54,000 3Vz % re¬
funding bonds has been approved
as to legality by W. P. Dumas, of
Bonds Approved As
of
issue
—An
/Z>Z,4'-'y'4
Dallas.
Texas
Treasurer Guy
Patterson announces that the city
Rctan,
.
.
Bond Call—City
option to redeem
1944, all outstanding
refunding bonds, ,elated Nov. 1,
1935, bearing interest as follows:
2% from Nov. 1, 1935, to Nov. 1,
1940, 3% from Nov. 1, 1940, to
Nov.
1, 1944, 4% from Nov. 1,
1944, to Nov. 1, 1950, 5% from
Nov. 1, 1950, to maturity, aggre¬
gating $113,500, maturing 1942 to
1965, total now outstanding $93,-
has exercised its
Nov,
on
-
1,
Z;N4HV4-\44v:%444 44"
ooo.
be redeemed
shall
bonds
Said
and accrued interest at the
Guaranty Trust Co., of New York,
and for the convenience of hold¬
at par
ers,
funds will be available at the
National Bank of Aus-
American
.
tin.
•
.
■
!'.444'4
■
(P. O. Sinton), Texas
Bend Sale—An issue of $100,000
County
Patricio
Sari
courthouse and jail refunding
bonds series
of 1944 was pur¬
3%
chased
of
Co.,
Dated Aug. 10, 1944.
Van
the
by
recently
Howard
H.
San Antonio.
Interest M-N.
10, as follows: $4,000 in
and 1946, $5,000 in 1947 and
Due May
1945
1948, $6,000 in 1949 and 1950,
$1,000 in 1951, $8,000 in 1952 and
1953, $7,000 in 1954 to 1957, $12,000
in 1958, and $13,000 in 1959. Op¬
tion of redemption at any time on
or
after ten years from date of
issuance.
Principal and. interest
payable at the Commercial State
Bank, Sinton.
Texas
*
(State of)
Treasurer
Call—State
Warrant
has
James
Jesse
called
ment at face value,
for
pay¬
State of Texas
General
Revenue
Warrants
to
and including No. 732,971 (194445
Series),
which includes all
warrants issued prior to,and in¬
This call
^
18, 1944.
$2,488,516.28.
cluding Aug.
is
for
General
dated
void
now
statute
warrants,
Revenue
prior
because
for
of
the
State
years' limitation.
two
warrants
these
of
Possessors
1942, are
1,
Sept.
to
with
of their
presented
to the General Claims Committee;
for special
appropriation at the
next session of the State Legis¬
lature.
Out-of-State
holders
of
should
the
make
arrangements
State Representative
district
such
have
to
warrants
them
are
requested
to
notify the State Treasurer's office.
Other
than
General Revenue
•
State warrants are
when issued and should
warrants, all
cashable
presented
immediately for
payment. Prompt presentation for
payment of these warrants will be
greately appreciated by the State
Treasurer's office. ; ■ 1
r
foe
united states
Tighter Controls Held Necessary
To Avoid City Subdivision Pitfalls
—Unless
governments take
control devel¬
subdivision property
local
immediate steps to
opment
within
of
and
without
there will be "a
city limits,
repetition of the
defaults, the delinquencies and
the large waste of public moneys
on
unneeded public im¬
provements in prior areas of ex¬
pansion."
This opinion is expressed in a
brief report on real estate subdi¬
visions by the Municipal Finance
spent
Officers
Association.
discusses
The
municipal
report
problems
stemming from uncontrolled sub¬
dividing, presents examples of ex¬
cessive subdividing, and suggests
.several methods of curbing unwise
subdivision practices.
Excessive
and
the
subdividing
improvements
the subdividers
benefit of unincorporated
between 1920
and
of land,
built by
areas as
well, per¬
haps on a county basis.
4. The authority of municipal¬
"A. C. Van Soelen,
City Corpo¬
ration ' Counsel, said that sources
of
revenue
for the
new
■
able
at
the
New York
■
■•
i
■
.
National
City Banlq
City.
\
'.. ■■
revolving
West Virginia (State of)
subdivision and fund would be:
Motor
Vehicle
Taxes
Found
"A balance of $30,000 due the Ample to Service Road Bondsbuilding within a reasonable dis¬
small municipalities and suburban
tance
outside
the
city
limits gbneral fund from a loan to the Revenues in West Virginia from
areas in the 1929-1935 period, and
should be subject to state zoning old revolving fund, which .upon motor vehicle and gasoline taxes
at
several
earlier periods, the
or subdivision laws.
payment shall be cancelled as a totaled $12.6 million in 1943, well
association said.
;
5. Construction of undesirable loan
(this will be used for the ahead of the $8 million required
Municipalities have a stake in
homes
in
suburban
and
rural immediate $296,000 redemption); for debt service on State road
these
developments, the report
areas
might be prevented by a such sums as may be appropriated bonds. Income from these sources
says because:
■
state
building
code
requiring from time to time into the new has fallen since the war, though
(1) They are called upon to
minimum
standards
of
housing fund; monies accruing to the old totals for the first six months of.
finance most of the improvements;
construction and minimum facili¬ revolving fund which, however, 1944 show an increase over col¬
(2) at present there are available
ties in those areas where munici¬ are to be used for the purchase of lections for the same period in
a sufficient number of satisfactory
pal building codes are not effec¬ old revolving fund warrants only; 1943.
Motor vehicle taxes colbuilding lots inside the city limits
|
tive.
'4-44" Z4 ^;4ZZ44/44^ iZ and proceeds from the sale of lected to'July 1, 1944, amounted
with all or some public improve¬
6. When any area requests spe¬
property." • Z4z■' 'yV.'■<■,/'.j to $4,974,259 against $4,436,116 in
ments
already
available;
and
cial improvements, the city should
1943 and $4,812,955 in 1942. Rev¬
(3) construction outside city lim¬
Tacoma, Wash.
examine the tax records to de¬
enues 1 from
gasoline taxes
in¬
its will tend to further decrease
Bond Offering — L. W. Craig,
termine whether the property to
creased even more* rising from|
population and assessed valuation
Controller,
will
receive
be assessed has a history of tax City
of property inside the city.
$4,073,760 for the first six months
payments which indicates it is sealed bids until 2 P.M. (Pacific of 1943 to $4,555,502 on July 1,
Of
examples of overdevelop¬
j
War Time) on Oct, 3 for the pur¬
1944.
The six month total in 1942,
ft
ment given, the association said willing and able to pay new spe¬
cial assessments. Some cities, by chase of $400,000 not to exceed
however, stood at more than $5.8
4
Flint, Mich., was a fair example.
4% interest coupon or registered
million.
Revenues
from
these
In 1938 this city of 151,000 pop. statute, ordinance or council reso¬
;;
bonds
of
1944.
lution, decided not to construct water revenue
taxes reached a record in 1941,
Z
had 28,526 vacant lots, of which
special assessment improvements Dated July 1, 1944. Interest J-J. when $6.2 million in motor veif
12,257 were so long tax delin¬
Denom. $1,000.
in any area where 20%
of the
hide taxes and $11.5 million in
jfj
quent that the state was selling
These bonds will be an obliga¬
had delinquent genera1
them.
Of the vacant lots, 19,791 parcels
gasoline taxes, a $17.8 million 4|
taxes.
Other
cities, studied the tion only against the special fund total was collected
during the calhad sewer and water facilities.
ji
area to see whether special assesknown as City'of Tacoma Water endar
year.
Road bonds outstand4
Suffering from excessive delin¬
ments, previously levied, had been Fund of 1944, created by Ordin¬
ing on July 1, 1944, amounted to
quency, the city defaulted on its
debts and the citizens at large paid, fn some places, too, the spe¬ ance No. 12537, for the purpose of $65.7 million of the state's $67.9
|
cial
assessments
already levied paying the principal and interest million bonded indebtedness.
were
forced to guarantee pay¬
j;
but due in future years were so of this issue. Payable at the office
ment
of the special
assessment
wisconsin
heavy that additional assessments of the City Treasurer or at the
debt.
Between
1930
and 1940
did not seem wise. Several munic¬ fiscal
agency of the State in New
Flint's population decreased from
Z'
; Stoughton, Wis,
ipalities require a detailed report York. The bonds shall become
156,492 to 151,543 but the popula¬
May Issue Bonds—The city is
j!
of the tax situation, current and due and
payable in accordance
tion in the metropolitan area out¬
j
delinquent, general and special, with whichever of the following expected to make an offering of
side the city increased from 23,for each proposed assessment dis¬ two
$35,000 airport site purchase and
4.
plans of payment shall be de¬
447 to 37,011. Z;ZZz44;4444-4/'■■Z>
maintenance bonds.
, .
z
trict.. All these investigations give cided
upon by the Sinking Fund
Other examples given include:
the municipality some idea as to Board at the time of considering
Homewood, Ala., a Birmipgham
canadian section
whether it can expect payment the
bids, and approved by the
suburb of 7,397 nop. Of the lots in for new
improvements. Certain¬ City Council by resolution: Pay¬
alberta
the city, 2,271 have residents on
ly, the association said, where the ment Plan No. 1: Due $5,000 Jan.
them and 3,174 are vacant.
risk is too great the private de¬
Alberta (Province of)
•!:
and July 1, 1946 to 1948, $10,000
Detroit
metropolitan area;
a veloper, and not the municipality, Jan. and
Interest Payment Announced—
if
July 1, 1949 to 1954, and
special tax delinquency study of should take the gambler's risk. $13,000 Jan. and $12,000 July 1, The Province of Alberta will pay 4
seven townships of Wayne county
1955 to 1964. Plan'No.
2: Said interest to holders of debentures
virginia
and three each in Macomb and
bonds to become due and pay¬ which matured April 1, 1936, and
Z
Oakland counties
Dublin, Va. :
(the cities of
able as specified in Plan No. 1, Oct. 1, 1941, at the rate of 3% in Zj
To Sell Bonds — The $40,000
Detroit, Highland Park and Hamprovided, however, that the City respect of the half-year ending 4
tram ck were excluded) was made 2lk% sewer system bonds author¬
Interest at the rate z
may, at its option, call all or any Oct. 1, 1944.
at
the general election in
in
1938. In the total area
sur¬ ized
of the outstanding bonds for re¬ of 2*/2% will be paid to holders
;;
veyed, there v'ere 560.788 lots Nov., 1943 will be offered for sale
debentures
which
matured
'4
demption on July 1, 1954, or any of
subdivided, of which 364,894 were within the next few weeks.
interest
paying date thereafter, April 1, 1943, in respect of the Z
sold for delinouent taxes at the
washington
ending Oct.
1, 1944. 4
upon 60 days' advance notice. Bids half-year
1938 tax sale. Tax delinquency in
will be received for said bonds Payment will
be made at any
Cowlitz County Public Utility
recorded subdivisions in the
13
to be issued under each of the branch of the Imperial Bank of
*
District No. 1, Wash.
townships amounted to $64,171,813
4
kbove designated payment plans; Canada in the Dominion of CanAnalysis Issued — Copies of a
at the time of the sale.
ada and in the case of the deben;
bidders may submit bids under
booklet containing descriptive and
Westchester county, N. Y.; in
either or both of said plans; bids tures matured April 1, 1943, also 4 statistical information pertaining
;
1934 there were delinouent 60,290
under each plan must be separate. at the Bank of the Manhattan
to the above district may be ob¬
Trust Co. in New York City.
parcels of prhperty in Westchester
j
Rate or rates of interest to be
tained upon request from either
county, of which 48,121 were va¬
the New York or Chicago offices in multiples of lk or one-tenth of
cant.
Of the total, 23.095 were in
Manitoba y;z4
1%. Bids for the entire issue of
of John Nuveen & Co.
unincorporated
areas. ; 6.566
in
Brandon, Man.
| '
bonds bearing one rate of interest
Port Angeles, Wash.
die 24 villages and 18.460 in the
Bonds Sold—Harrison & Co., of 14
may be submitted; bids for the
Bond
Election—A proposal to
three cities of the county, includ¬
bonds bearing different rates of Toronto, have purchased $265,009 J'Z
ing White Plains. Thus, 80% of issue $175,000 terminal bonds will interest
may also be submitted.
refunding bonds, as follows:
44
the delinquent parcels were va¬ be considered by the voters at the
The purchaser must pay accrued
$195,000 31/2S, due $13,000 on Dec. ;z
cant properties representing 52 % November general election.
•
interest ; to the date of delivery
31 from 1950 to 1964, incl.
V '■
of the total delinouent taxes and
of the bonds.
No bid will be
Seattle, Wash.
70,000 3s, due $14,000 on Dec. 31 44
special assessments.
from 1945 to 1949, inch
Redemption of Defaulted Dis¬ considered for less than par and
W
Michigan: a report prepared bv trict
Bids must be
Interest payable J-D.
Bonds
Contemplated — We accrued interest.
:
i
4"
state officials showed that late in
The bonds
quote in part as follows from the for the entire issue.
Brandon School District (P. O.
j
1942 582,430 parcels of property article
which
appeared in the will be; sold to the highest and
Brandon), Man.
Z
had reverted to the state under Seattle "Star" of
best bidder.
The approving opin¬
Sept. 14:
New Issue Completes Debt Re¬
iwovisions of the state land act
"The city fathers have finally ion of Wood, Hoffman,
King &
funding—This district is refund- :
The properties h»d a +ot,a1 assesed become
bond-redemption
con¬ Dawson,' of New York, will be
valuation
of
$157.775,000.,. The scious in a big way. At 10 cents furnished. b> The bonds will be ing its outstanding debenture debt
through the proceeds of the sale
"umber of parcels sold or liqui¬
furnished and paid for by the City
on
the dollar, that is A. y
by Harrison and Co. of $265,009
dated up to this date was 406.327
and will be delivered to the pur¬
1929, were primary causes of fi¬
nancial
troubles
of large and
Harlingen, Texas
vidson
municipalities for the
.
,
ities
to
control
^
•
zzzz'1:
.jjji'
|
zzzf;
,
4;z:'|z
4?V4;:;
,
"An ordinance to redeem almost
whieh brought
a
total sales price
immediately $296,000 in defaulted
Of $27,7,99.101 and left 176.103 par¬
local
cels in the hands of the state.
and
improvement district bonds
$700,000 worth dur¬
another
chaser
and
on
or
delivery
before Oct. 25, 1944,
will
Tacoma. Enclose a
be made in
certified check
of
new
bonds.
These
consist
of
$70,000 3% debentures due Dec,
31, 1945-49 ($14,000 each year),
and $195,000 3%% debentures due
Dec.
31, 1950-64
($13,000 each
year.)' ;44z
44
'■
Harrison & Co, reports that all.
has been approved by for $10,000, payable to the City.
Council Finance Com- Whatcom County (P. O. Bellinginvestment of public money in mittee.
The ordinance creates a
ham), Wash.
unnecessary improvements, and to special
revolving fund for the
Bond Election—At the general the 3% bonds have been sold at
| i
protect
the
builders
of
small purchase, at not more than 10%
election in November it is said 100 and that the 1950-59 maturi;
homes, the association made the of their face value, of any de¬
that the voters will be asked to ties are being offered at a price 4
following suggestions:
linquent local improvement and
press on the issuance of $800,000 to yield 3.60% and that the 1960i;'i
1. Municipalities and rural areas condemnation district bonds and court house bonds.
64 maturities are being offered at \ ;1
as well
shouM foreclose now all unpaid old revolving fund war¬
a price to yield 3.75%.
i:
west virginia
properties with accumulated tax rants issued for the purchase of
This issue completes the refund- j
delinquencies, such properties to certain of such bonds.
ing of Brandon's old debenture ■
Huntington, W. Va.
"When.it is passed, it will re¬
he held by the state or community
debt as the City's debt was re- v
Bond Sale Contract—Stranahan,
to guide the direction of growth peal Ordinance No. 31884 creating
funded earlier this year through ; ;
Harris & Co., Inc. of Toledo have
old
and prevent unnecessary public the
revolving, fund, which'
the sale of $500,000 of new bonds ; !
contracted to purchase an issue of
never had any lawful; status, any¬
investment in improvements.
of which $200,000 were 3% de- ] 1
$1,209,000 iy4%, 214% and 3%%
;
y.s
2. Broadest control
would be way.
bentures
due
Dec.
31,
1945-49
wall
revenue
refunding
"Bonds and warrants that may flood
exercised if all subdividers were
Dated Oct. 1, 1944. Inter-' ($40,000 each year) which were • j
eventully all 'go begging' under bonds.
reauired to record plats and in¬
sold
at
100 and $300,000 were -■ ■
the
pending new
ordinance est J-J. Denomination $1,000. Due
stall
all
necessary
puhlic
im¬
3%%
debentures due Dec. 31,
amount
to
$7,339,107, of which July 1, as follows: $62,000 in 1945, 1950-59
provements reauired before the
($30,000
per
annum)
$64,000 in 1946, $70,000 in 1947,
more than $4,000,000 are held by
plats are accepted and the lots
which were sold to yield 3.60%.
the public and about $3,000,000 by $72,000 in 1948, $75,000 in 1949,
offered for .sale.
Upon completion of this present
city's different departments $76,000 in 1950, $79,000 in 1951,
3. All Plats should be approved the
financing the total funded debt 4
its
revolving fund.
These $80,000 in 1952, $83,000 in 1953, of the
bv legally constituted planning and
City and School District of
authorities which, with the neces¬ were issued two decades and more $87,000 in 1954, $88,000 in 1955, Brandon will amount to $765,000
before the State local im¬ $90,000 in 1956, $92,000 in 1957,
sary power to protect the public ! ago,
or $41.40 per capita based on the
in 1958, and $97,000 in
interest, should exist not onlv in] provement district guarantee law $94,000
1959. Principal and interest pay- present population of 18,470.
was passed in
1927.
incorporated communities but in •
of ing
municipalities, to prevent unwise the
To
preserve
the / credit
1945
City
,
.
@FedFRASER