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Reg. U.
Volume 158
Number 4223
New York, N. Y.,
S.
Pat.
W43
OCT 2 5
MONDAY
Office
Monday, October 25, 1943
Price
Cents
60
Copy
a
general Corporation and Investment Mews
-
RAILROAD
Acacia Mutual Life Insurance
PUBLIC UTILITY
■
The
Co., Washington, D. C.
Walker
The
company's business in force on Oct. 11 was brought 'up to the
$500,000,000 mark, it is announced.
New Paid-for Business for 1943 to
Oct.
11
period
V.
is
$47,000,000,
of
157,
1942.
Net
in
Acme Steel Co.
Period End.
of
business
45%
in
corresponding
$32,000,000.—
1943—3 Mos.—1942
profit —
Earnings per share—
*$483,902-
and
normal
and
$868,979 for income and
of
surtax
excess
$1,792,216
will
be
aside
set
as
Adams Express
Based
market
on
for
in
net
assets
$7,071,460,
$7,253,161
obligations at market value
compared
with
of Sept. 30,
as
1942.
Interest
advances
on
Adatnex
Secur.
1943,
31,
1942
56,954
1.583
Stock
Exchange
Stock
1941
'
$879,357
$737,792
25,897
Montreal
33,404
t
After
1663
The
Total
income
—1664
—_—1664
$828,959
$905,254
126,019
128,740
297,964
taxes.
15,000
18,693
Net
income
A
income
Total
Write
$354,584
$452,687
4,141,886
$4,690,699
$4,598,842
$4,594,572
219,491
bal
of
Earn,
_______
219,491
219,491
of
and
prop,
believed
to
eqp.
Sept.
lor
be
Revenue Bill,
Federal
the
income
$4,379,351
tax
has
been
Balance
Sheet
—
______
♦U.
S.
Government
interest
made
obligations, at cost
dividends-———
accrued
fOther securities
___—_____
Liabilities—
;•
Collateral
trust
4%
bonds, due
trust
4%
bonds,
10-year 4'/4%
Amount
debentures, due
payable
for
securities
-
1946..______
purchased,
Accrued
Accrued
taxes
Reserves
for
Common
Capital
and
expenses
_
(1,463,400
Earned surplus
$1,241 500
6,883,500
par
20,557,753
4,471,208
_________________
'
v
—
value: Sept. 30, 1943,
$3,283,299; Dec. 31, 1942, $6,503,060.
tMarket value: Sept. 30, 1943,
$26,202,859; Dec; 31, 1942, $19,107,612.
—V. 158, p. 1237.
Vv
—
Annual
*
Meeting
The corporation has obtained
permission from the New York
Stock
Exchange to postpone its annual stockholders'
meeting for not more
than three weeks.
The meeting normally would
have been held Nov
9
and
stockholders of record Oct. 19 would have
been entitled to vote '
'
The postponed meeting will be held on
or prior to Nov.
30, the exact
date of the meeting and the date of
record to be determined
later
The delay Is due to the
inability of auditors to complete the audit in
time, it was stated.—V. 157, p. 2341.
>
•
Principles developed
in aircraft engineering and
construction during
to
the advantage
of the automotive and
other industries in peace
time, it is predicted by
Randolph C. Walker
President, who has formulated a post-war
program for the company'
The
corporation's plants for the production of
hydraulic brake
control valves and other
hydraulic equipment for aircraft
are located
at
Burbank, Calif.
The company is also
engaged in the wartime
production of radio equipment for airplanes and
war
plants
in
will
be/ utilized
Kansas
ground
City,
Kans.,
and
and
In
its
bulk
Is
important
and
addition
operates
much
as
similar
as
correspondingly
feature,
it
units
Slater,
Mo.
it
use,
use
at
its
confine
the
its
order
was
had
District
failed
to
Supreme
a
constitutionality
of
the
so-
activities
upheld
to
a
by
system
the
centering
Federal
Circuit
Split-Up—Proposed Merger—
America
the
to
the
and
would
be
stock
common
114
of
1,192,331
shares
the
issued
split
of
of
stock
common
up
the
on
Aluminum
stock
common
stock
common
shares
without
Alcoa
has
of
basis
the
of
of
three
of
be
would
Manufactures,
Alcoa,
Aluminum
and
outstanding,
are
shares
300
6.000
stock
of
of
common
stock
its
to
and
Inc.,
after pro¬
Manufactures,
has
its
shares
shares
treasury
of
out¬
are
140,250
of
stock.
two
classes
cumulative
par
1,500,000
1,472,326
in
common
now
7%
no
is
which
holds
and
Inc.
shares
preferred
of
value,
par
reacquired
Manufactures,
stock:
of
that
is
the
new
units
military
to
nine
the
plants
vehicles.
five
plants
at
Kansas
located
City
at
Burbank,
and
four
the
corporation
Slater.—V.
at
preferred
stock
shall
is
smaller.
stressed,
was
in
now
of
be
is
The
stated
standing
of
preferred
authorized
of
$100
par
stock.
common
remain
to
be
converted
capital
the
will
Stockholders
vote
the
on
1,500,000
the
have
no
into
to
three
of
Co.
increase
in
shares
directors
have
declared
50%
a
stock
Nov.
trustees of
authorized
amounts
equal
this
and
to
directed
dividends
by
the
which
the
Co.,
dividend
25.—V.
on
the
157, p.
of
Northern
Court
would
to
have
Ohio
Ry.
make
accrued
5%
preferred
issuable under
stock
the
Co.
Gross
have
payments
from
Oct.
the
of
plan
of
1,
tive
Prov.
Akron,
otherwise
agreed at the time of the contract, transactions
in the new 5% preferred stock
shall be "ex" $5 per share (represent¬
ing the dividend declared for the period mentioned above) on and
after Oct. 22,
according to the. National Uniform Practice Committee
National
connection,
5%
deliver
Co.
Association
of
with ."when,
preferred stock
to
of
America
above.—V.
buyers
due
made
bills,
Securities
as
on
and
or
payable
if
Dealers,
Issued"
before Oct.
on
the
158,
the
p.
terms
out¬
on
common
Edward
of
the
contract
exclude
such
date
due
in
Alcoa's
Oct.
28
stock
to
from
855.
136,
;
4270.
p.
(Del.) (& Subs.)
Oct. 1/42
Oct. 2,'41
$702,806
$555,738
$668,395
195,900
181,186
12,745
17,157
31,009
$506,968
$342,681
149,055
$456,199
period-
&
for
reserve
self-insurance)
Depreciation of plants
the
of
Provision
Net
for
profit
Earnings
146,649
Federal
taxes
to
credited
sufficient
nine
made
to
are
cover
months
paid
during
9,668
10,474
*
8,269
96,000
$172,571
$167,518
$195,622
$0.27
on
a
first
the
Federal
ending
146,640
15,635
earned
$0.26
$0.31
share
common
taxes
17,776
9,972
160,000
———
per
♦Federal
the
bills.—See
—
—
Depletion of mines—
Reserve
for
self-insurance—_—
taxes
Oct.
1,
calendar year basis, and provision
six months of 1942 is now believed
payable in respect of operations for
1942.—V.
158,
p.
942.
1437.
All American
E.
American Book Co.—25-Cent Distribution—
Aviation, Inc.—New Official—
Minor, Jr., has been elected as a Vice-President and
will head a
newly created manufacturing and development division of
the company.
Before joining this corporation, Dr. Minor was develop-.ment
and
design engineer with the Glenn L. Martin Co.—V. 158,
1437.
meet
and
(before deprec., deplet.
profit
the
p.
share,
sales: on
surplus
in
preferred
unless
time
during
on
Net
1943, sellers shall
settlement
losses
for
made
Inc..
transactions
21,
operations.——.
and administra¬
shipments
stock,
Dr.
p.
stock
exchanges
Sept. 30,'43
expenses
heretofore
V.
will
authorized
158,
and
183,093
from
operating
"when'issued" contracts, covering the dividend for the
period of Oct.
X, 1942, to Sept. 30, 1943, amounting to $5
per share of
also
common
per
it
stock
reorgan-.
These
.
profit
General
of
payment will be. made as of Oct. 1, 1943, upon presentation
Akron, Canton & Youngstown Ry. bonds to the Cleveland
Trjtist Co.,
Cleveland, Ohio, for stamping and payment.
the
to
—Earnings—
of
In
its
American Agricultural Chemical Co.
capital
125.
Ry. Co.—Ruling—'
and the
company
1942, to Sept. 30, 1943, on
Canton & Youngstown RR.
of
to
America
the
shares.—V.
3 Months Ended—
Akron, Canton & Youngstown
Unless
issued
Aluminum Manufactures, Inc.—Proposed
Merger—
stock, payable Dec. 1 to holders.of record
been
be
158,
See Aluminum
The
will
conversions
be
Airplane & Marine Instruments, Inc.—Stock Div.—
The
Alcoa
$1.66%
preemptive rights.
7.500,000
to
applicable
changes,
is
Aluminum
of
of
Inc., held by It, but such
becomes effective.
merger
Alcoa
merger
proposed
shares
the
of
result
stock
Manufactures,
of
a
stock
common
when
with
as
common
nor
Aluminum
canceled
connection
1125.
new
Aircraft Accessories Corp.—Plans To
Enter New Fields
of Production After the War—
Federal
sought
.
and 325,860 shares of
share
be
commercial
.
the
1651
ization.
Corp.
the
department
unchanged, but It is proposed,
before the effective date of the
merger, to increase the common stock
from 1,500,000 to 7,500,000 shares.
As part of the merger, each issued
interchangeable with existing equipment.
V
Not only is there
the potential post-war market for this type of
equipment, Mr. Walker said, but there is a present need to supply
4,302,497
*Market
history,
Justice
Involves
case
America
of
stock
Alcoa's
20,814!726
$36,292,598 $36,474,657
Addressograph-Multigraph
_1669
Another
will
v
Total
the
to
of
of
80%
preferred
value,
1651
said,
7L069
1 463 400
the
production
provision
Stock
Co.
Co.
Aluminum
capital
—„1651
Exchange.
approximately one-fourth
115 772
1,463,400
shares)——
the
one.
owns
Neither
158,785
60,454
112,499
no
its
1672
47,907
91,099
______—
Y. Curb
violating
in
common.
p.
...
of
Stock and Bond Averages
Treasury Financing for September
1,375,500
35,685
contingencies
stock
surplus
28,572,413
and
interest includ. unclaimed matured int.
Banks
Member
with
monopoly
to
.
brought by
shares.
which
of
for
100,000
1,375,500
6,883,500
_
of
litigation
company
a
in
longest
that
The
on
entitled
standing.
■
100,000
$1,241,500
received
Statement
be
common
—.1672
50,136
$36,292,598 $36,474,657
>_>" %T"-'
1948_
due
Federal
40,683
501,583
1947—
Collateral
of
Transactions N. Y. Stock Exchange
25,431
7
Statement
Federal Reserve Bank System—
Transaction N.
28,516,021
_____________
_______
1942
81,766
interest———
Total
Condition
amount
:
,v
and
and
an
Condition
of
justice
available.
ruling.
York,
holders
Alcoa
1672
Reserve Banks
Sept. 30, '43 Dec. 31, '42
$3,788,171
$1,212,574
3,279,625
6,498,852
Amount receivable for securities
sold, not deliv.
Invest, in Adamex Sec.
Corp., a wholly-owned sub.:
Capital investment
•<
Advances
in
liability of the company under the
by the House of Representatives.
Consolidated
Cash
Combined
$3,934,598
the
not
The Justice Department then
Co.
Louis.
New
for
tional
______
$4,369,376
quorum
retired
a
was
Inc., and all but 35 shares of its preferred stock.
Alcoa at present has two classes of authorized
capital stock, consist¬
ing of 1,500,000 shares of 6% cumulative preferred stock, par $100.
—1668
Foreign Exchange Rates..:
maximum
passed
as
$4,471,208
the
lower
to
permit
posed stock split-up for each share of common stock of Aluminum
Manufactures, Inc.
Scrip certificates will be Issued in lieu of frac¬
__1669
The Course of Bank Clearings.—
224,981
5,705
30
Assets—
Accrued
Dividends Declared and Payable
$4,159,578
to
requiring
Aluminum
would
Redemption Calls & Sinking Fund Notices_1669
undeprec.
surpl.
♦Provision
-
of
quorum
The
preferred
stock
of
Aluminum
Manufactures,
Inc.,
exchanged share for share for preferred stock of Alcoa.
General Corporation and Investment News, 1629
State and City Bond Offerings and Sales—1678
3,853,344
four
a
meeting of stockholders has been called for Nov. 12 to vote on
whereby Aluminum Manufactures, Inc., would be merged into
The
$306,235
that
plan
the
Miscellaneous Features
4,244,258
dividends...—
off
-
20,483
$388,202
surplus
Common
25,470
4,302,497
Balance, surpl. Dec. 31-
——1667
298,672
25,392
Congress
quorum
possessing
tne
held
American
St.
Aluminum
for estimated
Federal
because
provides
dismissal
charging
by
trial,
this
of
Act
at
shares
25,000
for other taxes—
♦Provision
Prov.
298,357
in
the
months
law
litigation.
also
legal
asked
Act
York
To Vote
145,806
297,922
New
American
Court
Section.—_1667
Markets.——
has
death-sentence
around
$771,196
124,407
_____
Co.
the
for
up
The
on
and
court
when
accusations.
North
North
Exchange.—————----1665
Over-the-Counter
$844,224
_____
expenses
Interest
held
act
of
the
1935
Public
Utility Holding*
interstate gas and electric holding companies
to limit their operations to a single
integrated system.
The litigation arose when
the
Securities Commission
ordered
the
a
General
to
aluminum.
review
called
been
introduced
the
26-month
a
Company
—____1664
Toronto Stock Exchange—Curb
been
of
case
a
Department
of
at
Court
1664
has
in
has
necessary
Anti-Trust
sale
prove its
———1663
formally announced Oct. 18 that all
involving
the
Aluminum
Co.
of
Co. would be postponed until a
legal
litigation
American
disqualified.
are
is
Aluminum
Court
America—High Court Delays Anti-
in
cases
justices
Justice
and
Montreal Curb Exchange————-—-i——1665
Toronto Stock Exchange——
_i_—_1665
1
the
on
Sherman
1663
Exchange--
Stock
the'
1237.
p.
Court
North
members
The
1662
Exchanged
the
justices
five
__1662
Los Angeles Stock Exchange
Philadelphia Stock Exchange
Pittsburgh Stock Exchange
158,
Supreme
Legislation
—1662
Stock Exchange___
six
to
1657
—
Distillery—
to
of six qualified justices is obtained.
nine
participate
1641
Exchange
Detroit Stock
and
1940
Exchange
Cincinnati Stock Exchange
Cleveland Stock Exchange
to
Corp—
Exchange
-Si. Louis Stock
$772,004
11,553
Curb
Chicago
totaled
1942,
York
Baltimore
Account
1943
securities-.'
on
30,
Dec.
Stock
Boston
,;i.Income
$731,088
Divs,
Interest
Sept.
of
as
,
Consolidated
9 Mos. Ended Sept. 30—
inc. on securities
of
as
$7,715,634
York
New
compares
as
S.
and
of
Page
■
New
asked
Suits—
U.
quorum
354.
p.
applicable
Government
indicated.—V.
proceedings
■
158,
per
which
have
America
Issue
Stock and Bond Quotations
to the common stock were $24,181,049. equivalent
share outstanding in the hands of the public on Sept. 30,
with $17,116,550 as of Dec. 31, 1942, and $15,501.355 as of Sept. 30, 1942, equivalent .to $11.69 and $10.59
per share,
respectively, on the common stock then outstanding, r Cash and U. S.
$16,52
1943,
This
be
Aluminum Co. of
Action
Sept. 30, 1943, the net assets of the
company
applicable
to
its
outstanding securities
were
$33,681,549,
equivalent to 354% of the principal amount of the funded debt out¬
standing in the hands of the public on that date. On this basis the
to
to
the
contingencies.—V.
will
authorize the sale of the
Century
Distilling Co., a wholly owned subsidiary, as soon as negotiations with
"a
large national distilling firm" have reached a point where dis¬
closure of contract terms is feasible, an official of the
company is said
equipment
\
of
as
aircraft
further
In
profits tax of $1,1943 and provision of
Co.—Quarterly Report—
values
in
$6.39
excess
profits taxes in 1942.
reserve
a
experiences
The
of third quarter 1943 ex¬
profits tax amounting to $137,889 has not been included in income
but
Allied Mills, Inc.—To Vote On Sale of
Mr.
$2,096,017
$5.46
$1.08
$220,462
well
Trust
Note—Anticipated post-war refund of 10%
cess
its
1943—12 Mos.—1942
*$354,460
$1.47
interest, depreciation and estimated
378,886
the
totaled
over
force
MISCELLANEOUS
-
The stockholders
of
production, he
said, it will be equipped to manufacture parts embodying light
weight
and minimum bulk, together with great
strength, durability, maximum
efficiency and dependability. •
'■%
%
%/:The first unit for automotive use, a
relay valve, is now under test
in the
company's research and development laboratory.
It weighs
(& Sub.)—Earnings—
Sept. 30—
Net
♦After
increase
an
gain
involves the manufacture of hydraulic valves, as
associated equipment, for busses, trucks and
trailers,
said.
Because
1803.
p.
INSURANCE
-
program
other
as
—Passes $500,000,000 In Force—*
INDUSTRIAL
—
A
dividend
of 25
cents
stock, payable Nov. 1
tion
Aug.
per
share has been
declared
on
the
common
to holders of record Oct. 22.
A similar distribu¬
1, May 1 and Aug. 2, last, and on
1 and Nov. 2, 1942, while from Feb. 1, 1941, to and including May
was
made on this issue on Feb.
1,
1942, payments of 50 cents each
p.
1521.
were
made
each
quarter.—V.
157,
iiS
s*'; *;
lAmi&mmrntti;**
FINANCIAL CHRONICLE
THE COMMERCIAL &
1630
Ended July 31—
Income:
Departmental-
Store
and
rents
cessions
Sales,
con¬
40,720
33,939
40,209
12,293
9,400
158,
$1,629,575
$783,738
$1,101,387
$1,007,081
942,871
If
income
526,316
667,336
654,816
Exp.
148,419
115,902
par
of
share has been declared on
per
value,, payable
-
distributions
and
Dec.
on
21,
dept.
-.2-—■
146,204
60,310
60,289
61,497
$468,013
$81,209
$227,558
$128,614
Guilt
%
Int.,
bond
deprec,,
amort.,
income
tax
of
Balance
$228,891
$81,209
$499,882
Sheet,
July
held
*
and
by
Accounts
linnd-.^l_-
on
—%
co-tvustee
tPixctl
44,325
169.674
4,657,707
assets'
4,666.164
264.429
in
to
-u-_■
.>
„—__
There
lire
Liabilities—
Accounts
payable
liabilities,
Accrued
and
Guests
Taxes
Inc.
salaries
3.307
fund
bonds,
Feb.
due
Total
___•
;.fAfter
128,942
'~
12,352
ii
_
-
5.795
5.795
-
217,036
Dr86.432
$5,883,933
--
,
-
-
„
_
losses of $12,118 in 1943 and $15,124 in 1942.
depreciation of $1,068,493 in 1943 and $571,406
by 57.954 no par shares after deducting 246
chares reacquired and helcl by co-trustee.—V. 158. p. 1525,
v;:%
1 After'
in
the New York Stock
with
shares
and
allotted
There
100%.
were
for
Account
Ended
Months
3
Sept.
Co.
the
than
more
and
the
the
The
York
11943—3 Mos.—1S42
tg v
,
11,126,000
15,468,648
59,272,000
44,764,387
2,425.000
6,875,000
7,476,406
36,520,470
1,225,000
2,014,217
Total
income.——__.
Interest
;
deductions
341,742
Dr494,000
31,488,000
Enruings
3ft.
•
of
sales
Net
i.
,
earnings,
before
deprec.
income
not
taxes
2,435,879
2,825,514
23,370
23,334
40,208,11211164,624,000
42,132,000
42,045,287
$2.28
$2.15
in
the
'
$2,459,249
606,061
1,130,000
1,550,000
" $723,188
$752,0.79
—
Depreciation
and amortization—
f Provision for estimated U. S. income
cess
profits
Net
income.—'
Preferred
"
stock
Common
stock
York
New
the
dividends— %-«
-
N.
'
'
.
the
128.625
26.9,182
f
transferred
to
July
1——
Adjustment caused by
surplus
in
Co.
Surplus
in
Sept.
Earnings
—
S
1943———33,257
;
Opprating
Operating
—.
—
—
a-Federal
—....
♦Equity in earnings,
iaries
not
tl943
tax
current
after dividends,
consolidated
provision
of
adjustment
U.
for
preceding
Treasury
Notes
Balance
and
and
quarters'
to
of
receivable
subsidiaries
129,452,259
56,455,776
52,757,761
228,064.871.
217,789,525
2,641,807
1,266,277
6,675.439
11,353,001
6,778.422
5,421,290
companies
buildings and
7,575,010
58,065
and
Patents
amort.)
80,883
consolidated.1,696,565
2,473,065
(less
1,696,565
14.625,577
45,153
58.703
2_-_—1,206,699
547,852
Reserves
for
Preferred
Common
Capital
Earned
excess
of
1,000.000
1,164.586
($100
during
:
1,668,259
44.467,014
by
the
from
39,350,767
176;133,697
$2.38
$2.11
$9.42
6,744.665
.
-6.825,396
: •:
retroactive
1941
and
adjustments
1942
have
been
for
1943
distributed
to
the
items
periods
have
been
profits fax credit of
excess
7.387.182
8,886,713
Co.
and
accrued
all
rates imposed
at
by the Rev.
earnings
in
other majority-owned
$4,312,786,
the
in
made
which
to
Act. of 1942.
deficits
or
of
Western
subsidiaries not consolidated
respect
1942.—V.
year
:
;
158,
of
the
umised
in the amount
profits
excess
tax
credit for
1525.
p.
American Water Works & Electric Co.,
Output of electric
for
of
the
week
12.57%
week of
energy
ended
Oct.
the
over
16,
of
74,300,800
kwh.
output
electric
1942.
for
Trainer
First
as
Vice-President.—V,
mer
changed
hands
five years
158,
the
election
of
M
N
Eureka
to
1030.
p.
table
follows:
of
weekly
;y
of
the
corresponding
for
energy
.
the
of
the
Oct.
of
Eureka,
operated
Broadcasting System. Inc., which will
company,
was
a
Edward
J,
Noble,
own the
on
mature
A
new
as
board
of directors
Chairman.
It
lin
and
In
addition,
Priaulx,
who
C. Nicholas
as
of
common
a
Blue
Mark
Network
Woods
was
and
an
Interest
Of
the
rates
old
the
on
bonds,
the
other
officers
named
News
Service
and
there
certificate
a
of
the
permitting
:-i
abandonment
line
of railroad extending
Woodson, and Greenwood
in Wilson.
line of
Elk
railroad extend¬
Counties,
Kans.—V.
County,
Kans.
158,
p.
1342.
Ry.—Refunding—
V
Ry., has filed with the Inter¬
for meeting $20,000,000 in obliga¬
plan
a
securities
new
bear
ing $14,500,000, 5N ,—V. 158, p.
Atlanta Gas Light Co.
in
have
not
yet been determined.
4'/a% and the remain¬
interest of
1437.
;■.
of
the
Blue
were
1941
1940
1939
>j
($100 par) 4%% cumulative preferred stock, was made
Oct. 15 by Shields & Co. and associates. The bonds were
^
bonds and
priced at 101.45% and accrued interest from Sept. 1,1943,
while the preferred stock was priced at $102.25 and ac¬
crued dividends from Sept. 1, 1943. Further data in con¬
nection with the
offering follow:
bonds
54,900,000
83,640,000 74,301,000 68,982,000 57,234,000 54,571,000
..
.
.
%
dividend of
D.
Mr.
per
share has been declared
par value; payable Oct. 28
tions of
60 cents each
were
Payments
year.
each;
Aug.
1,
in
to
and
made
Oct.
a
by publication as provided in
1061/4 beginning Sept, 1, 1943
follows:
the common stock,
Oct.
May
Feb.
$1.50.—-V.
will
of
2
1J>7,
20.
1
Distribu¬
and
and
p.
Aug.
May
1,
2,
50
1418.
J.
M.
Artloom
A
dividend
of
tribution
in
p.
Assistant
Secretary,
has
been
elected
1942
company,
$107.25
10
cents
per
Vice-Presi¬
10-Cent .Common Dividend—
shave has
as
on
been
declared
on
the
com¬
A similar dis¬
15. June 1 and Sept. 1, last.
Payments
May 25 and Sept. 1, 15 cents each; and on
April
follows:
20 cents.—V.
158,
p.
635.
be
and
case
.
/
<
'
.
bonds
Prices
subject
as
per
and
are
due
Sept.
:
1,
the
mortgage,
at prices
for
provided
1,
in
1943
the
j
/i
varying
J
j
mortgage
at prices
to 100 Sept. 1, 1962.
New
to
of
the
1963
series
of
the
New
Preferred
to
be
initially Issued.
Stock—The
new
;■
preferred
to redemption at any
whole
a
share
as
time at the option of the
in part from time to time, at
redeemed on or before Aug. 31,
to any shares redeemed thereafter, in
at
any
time
to
any
shares
$105.25
per share
together with all
as
or
dividends
and'Business—The
History
accrued
is
or
in
arrears
operating
thereon.
public
utility
the business of purchasing, distributing and
in 20 municipalities in Georgia and manufacturing,
distributing and selling artificial gas in five municipalities in Georgia
and. two
in South. Carolina.
Certain territories contiguous
to such
municipalities are also served by the company.
Incidental to the pro¬
engaged
motion
of
was'made
were
a
1126.
Corp.—To Pay
the
will
>gas
company
an
primarily,: in
selling natural
stock, payable Dec. 1 to holders of record Nov. 15.
Dec.. 10,
.
'
Chilton,
dent.—'y. ,158,
entitled
be
Redemption
stock
1948
Directors, Etc.
Schmidt, General Superintendent, lias been added to the board
directors.
1943
the benefit of a sinking fund which will be
aggregate amount sufficient to provide for the retirement before
of not less than 40% of the $7,500,000 aggregate principal
an
each
Co.—New
■%
V
1,
to 100 Sept. 1, 1962.
The new
to redemption for sinking fund or the improve-
fund
ranging from 101 M> beginning Sept.
bonds
amount
on
Feb.' 1,
oh
as
28,
Sept.
maturity
holders of record
1942 were
$1;
Areher-Daniels-MicUand
mon
Swezev,
$1
no
dated
are
Redeemable at any time prior to maturity at option of company,
whole at any time or in part*'from time to time, upon notice
1963.
given
Appleton Co.—To Pay $1 Dividend—
with Mr.
selected:
.
Securities Offered—As noted
Oct. 18 public offering of $9,500,000 of
preferred stock of the company, consist¬
ing of a new issue of $7,500,000 of first mortgage bonds,
3% series due 1963, and a new issue of 20,000 shares
as
1942
—
issue of
our
new
16—v^
Blue; F;ank-
in charge of finance,, and Robert
network, as Secretary.
be
mem¬
Corp.—Tenders—
portion
$5,500,000
Oct.
Edgar Kobak.'who
of the
Prtaulx. Secretary-Treasurer of American.
these
of
International
is
of
July 1.
additions
to
ownership ot two radio
and Executive Vice-President
Vice-President
is counsel
the
includes
trial—should
admission
to
as
proposes
also subject
E. W.
to January, 1942, when it became
of the National Broadcasting Co..
regulation of the FCC against
continue as President
of
sum¬
bonds.
and
A
for¬
chains.
Noble
for
to Issue and sell $15,000,000 of 20-year first
The Southern would advance $5,000,000 and receive
equal amount of 20-year second mortgage bonds.
%%/...•: v
company
are
1,000 shares of
up
part
without
In Greenwood and
to
mortgage
ment
the Blue Network Co., Inc.
the
the motion
the Southern
by
bonds
the
separate
by-laws
the
Virgil,
Commission
73,946,000 69.498,000 55,318,000
this
meet
that
of the portion of the
Commerce
82,007,000
cents
network, which
the
obligation
o'clock noon,
Greenwood
in
82,071.000 72,900,000 68.941,000 54,372.000 54,648,000
'
•
14.
of Commerce, handed a check for S7,000.000 to
President of the Radio Corp. of America,
completing the
The action came two days after the Federal
Communications Commission approved the transfer,
In the purchase, Mr. Noble, wfth himself as President, formed
the
if
of spontaneous
an
denied
9—^——..
Network
transaction.
sold
as
line
Bonds—New
last
„
1943
—V.. 158, p. 1525.
Inc.—Blue
Undersecretary
RCA
the
to
Moline,
2——_
David Sarnoff,
stock of
that
news
Augustus
8#-
lb)
from
$8,000,000
American
of
12
state
in
Network
and
Judges
monopoly in news gathering---
a
Press,
Nor
issued
of
(a)
and
Ocr.
Broadcasting- System,
Taken Over by E. J. Noble—
Blue
of
11
Oct.
announces
American
The
until
it
to
Sept.:25—82,022.000 73,332,000 67,968,000 53,076,000 52,787.000
President,
Bunk
will
Commission
south
N. ';>y ;
:
Comparative
Inc.—Output—
of the electric properties of this company
1943, totaled 83,640,000" kwh,>" an increase
output
Week Ended—
First Vice-President—
Jr.,
said
the company permission to abandon (a) the
extending from Virgil to Emporia in Greenwood,
and Lyon Counties, Kans.; and (b) the portion of the line of railroad
extending from Madison Junction to the plant of the \7. J. Small Co.
Federal taxes
ION.
§ Before reservations of net income made in Dec., ,1942,
of
Sept. 30. 1943, and $858,748 at Dec. 31, 19422
Given,
of
Swan,
court
create
to
agencies.
Junction
Kans.;
of
The
$9.14
,
other
and
taxes
„
B.
W.
also
Press
law.
law.
the
United
of
Oct.
company
The
170,716,385
Tel.
Sincludes proportionate interest
12,544.800
J
$52,3.75,574 $50,883,804
increase, since acquisition, in the equity in subsidiaries not
consolidated/resulting from profits, losses and distributions, amounted
Wiu.
the
by
tendency
no
on
Benedict
south
::•"5
stock-
Co.
/tAfter deduction of
♦The
at
the
applicable.
9,800,000
no par)y——
12,544,800
surplus„2—_2■ 7,420,439
surplus
$1,024,356
Thomas
dissenting opinion, held
National
Company,
1,74.9,607
w:
—
926.809
9.800,000
A
par)
(769,092 Shares,
Total
to
of
court/composed
Atlanta & Charlotte Air Line
(partly estimated).
930,315
7,21L50ti
6,311.853
250^000
_
stock
229,142,526
$2,196,478
2,161,868
contracts.2.22..
contingencies
violate
not
}
from
declared:
sale
ICC
Counties,
held
con,sol.
♦Certain
•
profits taxes——
5V* % cumulative
stock
does
Photos
Atchison, Topeka & Santa Fe Ry.—Abandonment—
The
of
it: Tel' Co. slock—..
852,375,57.4 $50,883,804
.'
Government
stocks
to
Per share Amer.
475.693
payable..—2——2—$3,039,517
accounts.i_u-2—
Renegotiation
Press
in
.>
•
World
-177,541,781
Electric
and
Wide
1,206,699
^>„^_„^2Ui:.:_„:2^— ^^£.2^24—1.^1
income
of
violation
in
the
within
be
with
compete
consideration
N;;;'
.
Liabilities—
Accrued
be
not
tions
•'
charges——2.:.:n
Accounts
§182,878,362
ct Tel.
for
Total
41,019,026
Applic. to Amer. Tel.
2,483,065
deprec.
n
——
Deferred
51,600,745
46,216,621
by: public
567,000
__2——14,612.556
(less
Goodwill
51,861,948
10,866,070
„2—2——._
amort.)
Net
6,009
refund.—• 858.000
not
234,740,310
13,005,012
subs,
•
consolidated—
equipment
54.024,038
12,880,962
Applic.
'•
82,394
Other
59.097,583
deductions..
income ..WW--
$5,821,240
10,051,298
profits tax
excess
Investments—*Subsidiaries
Land,
S.
151,144,234
134,169,020
income:,-.;
Interest
reserve8,033,529
(less
not
to
into
.
and
a
N. Y.,
the
portion
$5,931,975
assets——.—
Post-war
U.
233,850,638
33,554,652
.
Toial
hand-
on
notes-_L.^L'--4--~-.i-2.-'^L
tax
accounts
Indebtedness
.
46,077,078
Net; oper. income
:Other income, net...
Sheet
Inventories
Other
$11,954
Sept. 30.'43 Dec. 31.'42
deposit
on
S.
57,412,762
and
rates.
Consolidated
of
Gov¬
City of New York, 11 Broad St.,
on Nov. 22,
1943, receive
gold debentures to an amount sufficient
to exhaust the sum of $8,424.67
(received pursuant to decrees of the
Government of Paraguay!, at a
price not exceeding their principal
.amount.—V. 147, p. 2210.
:
'
\':
for
:]/ '■ '
'902.590,962
taxes
violation
Federal
stifled
York,
1,400,976,980
1,001,070,818
taxes
news
ing from the Alfalfa mill of the W. J. Small Co., approximately 3 miles
$45,637
Assets—
Cash
<5 ;
§
1,597,155,3.47
235,061,306
subsid¬
:
includes
..."'
$
413,085,305 367,450,797
35,065,969
income
profits
ex.c.
C>i her
New
at,
the
1943—12 Mos.—1942 r...
264,150,798
revenues-
expenses^
of
the
applicant
an
be'taken
Associated
of
growth
Chase
New
principal
its
the
upon
Court
in
are
hear
:
Asuncion Port Concession
The
bids
1943—3 Mos—1942
-
pass
by-laws
.
)f
& Telegraph Co. and
telephone subsidiaries)
;
IkViod End. Aug. 31-
30.—
$17,102,949 $15,988,049
share-—.2————$0.77
$0.81
per
/
Telephone
$354,272
15,633,777
y
proof that they (the bycompetition between member newspapers and other
newspaper owners or prospective publishers."—V. 157, p. 2008.
credit of 10', t
Federal taxes
rates imposed by the Rev. Act of 1942.
1942.
Electro-Alloys
including
consolidation
$286,926
16,782,766
1_
:
of
not
.
purchase
Hand
in
had
the
witness
♦Earnings of Bell System
( American
Balance
Surplus
to
District
to
the provisions of A. P.'s by-laws
bers have
128,625
307,637
.
-
—..
obi'ity
shall
opinion
would
and he
."Clearly
not
the year
S.
the
form"
the
judgment—decision
mary
-
or
credit for
present
the
by
would
Learned
Judge Swan,
'Before reservation of net income made in Dec.,
tax
membership
changed as directed, the exclusivity of local
which the members-how furnish the A. P.
membership,
$9.01
profits tax
at
-
by the Government.
arc changed as directed, the court
exchange contract between the Associated
Press
was
Hand,
were
168,439.730
$8.80
,
include the company's proportionate interest in undivided
deficits of subsidiary companies.
\
y
1942, in tjie amount
of 81.945,000, which represents the amount.of the unused exeks* profits
profits
—'
•
fl)oe,s
accrued
procedure.
by-laws
news
have
been
judg¬
May Pass Upon Aclmis-
charged
as
the
Canadian
also
the
that
"Times"
la ws)
have
Press
their
'field'
helcl
newsgathering
1943
The
submit
the
•
Press
specifically named
upon
other
for
ex¬
—I
—
dividends--
and
$2,848,848
"in
same
also
court
.Provided
168,281.000 168,181,146
.
546,769
taxes———_m—v.
income
Total
of
future
'
his application."
upon
the exclusive
•
excess
determine
to
the opinion of the court includes a
stay
judgment has been entered, the board has
that no rights are prejudiced by this course
Associated
admission
of
denied,
of
form
origin
share.,.-—-
$After deduction
to
final
sub¬
Press.
which
■
♦Certain
retroactive adjustments for taxes and other items made
.during 1941 and 1942 have-been distributed to the periods, to which
applicable.
'
Subject to minor changes when final figures for s6pt. are available.
% V
1942
•
consolidated—
and
♦Dividends from subsidiaries
:
$17,700,000 $15,400,000
2
the
in
Gathering Service Is Ordered to Change
the
:
1942
Net
will
1
anti-trust laws"
24,920,997
w.;—————
per
possible
be
Associated
to force the A.
P. to abandon its membership struc¬
and make available the#news reports to all with out
restrictions,
«,'• summary judgment, gave the A. P. 12ft days to tnake
changes in
its by-laws to remedy the court's objections to present
operations as to
membership qualifications.
v-'
The
193,360,727
6,144,723
liNet income —42,639,000
Dividends
this
The
thereafter
ture
passing
7,935,798
558,471
24,336,000
6,059,000
to
days
ernment's .efiort
152,419,000 155.038,819
46,352,835 188,960,000
48,698.000'
_2.2
judgment
thirty
in
It
i
against
case
step -that the Government
it
counsel
co-operative
effect
29,827,639
5,547,000
Br262,000
—
next
laws.
8,759,132
9,540,000
2,220,835
40,860,000
income
oper.
the
that
the
three-judge court,
members
taxes—,2:
no
consideration
will
181,176,690
97,825,532
profit s
19,
that
The court left open to the A. P. the adoption "of substitutes which
restrict admission" provided
"that members in the same 'field'
(morning, evening or Sunday in the same city) as the'applicant'shall
not have-power to impose-, or dispense with, any conditions
upon his
admission, and that the by-laws shall declare affirmatively that the
'v
ex¬
taxes
extended
gave
of. applicants was upheld in U.
6
which
ruled, however, that
Oct.
The
tl943-r-12 Mos.—1942
112,223,000
and
board
after
will
and
after
anti-trust
.
50,328,294 212.523,000
income
Only
gathering
Co.,
•
of
has
the, fact
by
right
admission
„
$ /.A-'-
the
Its By-laws—
Telephone
L.,
form
then
sions—But News
figures include employees of
Telephone Laboratories.
...
Bell
expenses
Oct.
the anti¬
considered,
was
future course of action.
a
19
Court Rules Associated
These
Bell
of
dajb
advised
Federal Court in
.
action.",
of
employees-in the Bell
the beginning of the
of
number
27.000 -since
433,000.
over
income
_2_
income2——;:-,
Other.income, net..—.—.
purchases by 19 firms, of which the largest trade was
2,500 shares and the smallest 5 shares.
' *
'
Income
Bell
Dividend
27
Consolidated
totals
front
Inrerest
completed at 10:33 a.m.
Bids were received for 5,113
of
home
25,162,405
Net
to
as
Oct.
directed'as
Press
view
60
year
a
:
announced
the statutory court in the Government's
Press," the board said.'
:• 'v
known
be
been
Press
of
proposed
"In
•
.
29,354,000
■;
Associated
news-gathering agency
on
has
court
a
the
was
basis
a
on
opportunity to call.
an
49,780,000
Other
Exchange, Oct. 14 at $37 per share,
Offered by Reynolds &
Co., at 10:07 a.m., the sale
(time elapsed 26 minutes).
force's have
armed
:
commission of 80 cents.
a
the
units
Delays Action—No Decision
The
of
reached
meeting
Associated
until
in the armed
and women
Operating revenues 2,22-
Offering—A special
stock was made on
common
in
the
Electric
and
2Fed.
had been
its
ment
Operating
'
the
counter-proposals.
distance ser¬
long
124,635,953
circuity are busy, and that,
service for the men
more
Electric
the
cess
offering of 4,800 shares of
fivq minutes whenever
Period End. Sept. 30—
for
American Brake Shoe Co.—Special
long
delays on
and
cases
of
'
directors
against
Associated
:
^Represented
production
meeting at which the decision of the
"The
mit
install¬
in
♦Earnings of American Telephone & Telegraph Co.
for
reserve
reserves
1942.
to
increased
now
S5.315.764
_
of
number
delays
are
The
companies war needs come first and the
the manufacturing department of -the Bell Sys¬
Telephone Laboratories,
the research department,
are
devoting themselves almost exclusively to 'meeting the. special
requirements of the armed forces.
y
; •
;2";.'y-:.'.V
tem,
of
the decision
to
-
,
On
Western
Westtern
5~247
5,247,200
1%%/:
•
——
the
With
5,157,700
1950
1,
^Capital slock
Pr of i t
104,885
——
sink,
there
In
highs
demands for
the shortage
because of
although
situation
■
more
than 51,000 Bell System employees now serving in
forces, ccompared -with a maximum of ,25,000 in the first
has
and
year
854
262.833
material
on
busy routes are increasing.
advertising program designed to help
those
War.
System
24.816
38.747
wages.:
payable_W—2^.24-'—,u/:.
liabilities
mtge.
and
balances,
accrued--2
or
interest
Bond
Other
incl.
sundry credit
payable
suit
are
armed
World
$13,400
$57,220
___■
record
new.
The major part of the
increasing
an
provide
time most of
TOtai
in
,
r
result; in
to
conunue
satisfactorily
the
to
limited
order
$5,315,764
Prepaid expenses and deferred charges--,—:__'-Uv
met
■
forces, the civilian public refrain, as far as possible, from making any
long distance calls between 7 and 10 p. m., .'which is about the only
281.829
$5,883,933
be
states:
on
cults
91.832
i
51,213
398.779
Inventories
a
trust
congested routes has met with gratifying response on the
part of the public.
The program includes requests, that unnecessary
long disf,ranee calls to war-busy centers be avoided, that long distance
$61,930
291,033
— __ __ -
receivable-
notes
and
$220,773
calls
broad
vice
demands
due
telephones
The
1942
President,
telephone business.
been
facilities
.
ing
distance
1943
bank
Cash
$128,614
81
Assets—
in
have
service
above
1526.
p.
board
"At
Gifford,
The 'war-time
v."
V
and
Federal
Cash
The
decision
S.
the volume of
bef,
units or 9.8%
.
Walter
1,333
31,868
of bond
retire,
on
Profit
was
Reached by Directors in Anti-Trust Case—
Co.—Quarterly Re¬
port—
Profit__,-lj;:
Co.—Weekly Output—
Xz
Gas
Associated Press—Board
1942.—V.
American Telephone & Telegraph
Associated
Electric Corp. report for the week
1943,
net electric output of the Associated Gas &
136,910,945 units (kwh).
This is an increase of
15,
158,
after
162,156
70.271
Tuxes.—;..
'
the-common^stock,
of
Group
ago.—V.
Dividend—
1 to holders, of record Nov. 13.
Similar,
April 15 and June 30, last, and on March
158, p. 1437.
Dec.
made
were
June 30
14,
$1
apportioned
not.
to
dividend
no
and;
costs
expenses
Oct.;
Electric
: 2.2;
American Ship Buikling' Co.—$1 Common
A
Total
$7,401,013.
$8,744,348
$2,031,946
$2,527,031
trustees
ended
12,274,992
5,759
Miscellaneous
Departmental
booked).
736.
p.
Associated Gas & Electric
The
1943—9 Mos.—1942
1943 —3 Mos.—-1942
43,697
10,128
—
corders
—V,
Show Gain
(& Subs.)- -Sales
Colortype Co.
Period_End. Sept. 30—
$957,625
$1,051,778
$737,505
$1,578,727
1940
1941
.,1942
1943
American
Angeles—Earnings-
Co. of Los
Ambassador Hotel
6 Mos.
Monday, October 25, 1943
of
its
gas
the company engages
business,
appliances.
in the merchandising
•
.
incorporated by
of
■
company
Act of the General Assembly of
of Georgia approved Feb. 16, 1856.
Until March 1930, the
manufactured, and sold artificial gas in certain portions of
the
of
Company
the
State
City
natural
gas
was
an
Atlanta and the surrounding suburban areas.
In 1930
introduced in this region and the company converted
was
4|
Volume
its
158
operations
extend
its
Number 4223
from
manufactured
■
THE COMMERCIAL
to
natural
and
gas
commenced
to
FINANCIAL CHRONICLE
&
1631
/' Baltimore & Ohio Chicago Terminal RR.—Notes—
distribution
system throughout the City of Atlanta and
July 1937,
the
company
acquired,
by purchase,
I ho
gas
distribution' systems in Hhe communities of Barnesvllle,
Calhoun,
Carrollton,
Cedartown,
Forsyth,
Milledgeville,
Newnan,
Broadway Department Stores, Inc.—50-Cent Dividend
,
environs.
The
In
natural
Rockmart
and
company,
Georgia
by
the
merger,
two
other
Macon
owned
and
Corp.,
properties
and
Gas
utility
gas
Co.,
then
■
Natural
affiliated
Gas
Griffin,
Thomaston
companies,
operated
in
then
owned
Georgia
by
an
operated
Utilities
Co.
Georgia,
and
Aiken
and
North
Augusta,
South- Carolina.
'
company, under the Public Utility
99.9 tit1240,140
shares)
of
the
'
'
"
-
/Purchasers—The
.
of
amount
;
and
by each,
Shields
and
Co.,
registered
a
Holding Company Act of
outstanding
.;
*'
shares
'
and'the
new
„/
$900,000
'
-;
■
..
Bear,
; ;
r
Stearns
&
has
.
Brown
.
: Putnam
.
&:
Mitchum,
'
Wceden
&
Co,..__:
'_„J
665
-
200,000
535
...
_
Co.,'
200,OOO1
535
200,000
535
'
of
.
$7,888,897
revenues
Operation—.
Gas
.
5,898,931
1,659,000
1,668,775
199,121
213,917
332,578
322,983
Taxes
331,453
296,337
320,842
299,240
(other, than
Other
inc.)
$1,676,988
$2,038,246
54,506
6,254
^Balance,$1,649,758
12
in
the
June
State
tax
of
$2,044,500
rates
upon
acts
applicable
the company
Federal taxes to
tax
returns
surplus(
with
its
and
parent
Federal
for
excess
'
profits
income
210,303
<1,833,389
J
$2,199,267
.
interest
on
$7,500,000 first mortgage
on
dividend
requirements on 20,000. shares
preferred stock, to be outstanding
cumulative
$2,379,389
income
45.000
344,000
200,000
taxes.
200,000
$1,876,389
$1,783,591
$6.40
$6.63
$3.73
tPost-war
refund
has
been
credited
Sheet,
Sept.
Times
notes
receivable
(net)..————
Before
Alter
taxes
income.
cn
taxes
Stock—B.
stock—B.
Times
new.
^charges
preferred
taxes
stock
from
(including"taxes
'Before Federal and
W. ,H.,&
H.
W.
&
R.
R.
and
preferred
be
of
Proceeds—The
dividends,
stock
from
(estimated
net
at
proceeds,
sale
the
of
the
$9,448,627
bonds
(1).To
redemption
4 * a '/o
bonds,
mortgage
(2)
of
series due
To redemption
1,672,934
100;
the
and
extent
the
47,219
that
the
J—
17,601
stock
do
not
the
sale
suffice
company will use its general funds.
its general funds the accrued interest
to be redeemed.
1
for
Company
and
of
$8,393,262
$8,547,149
such
will
dividends
"'v;-.
cum.
Common
series due
preferred .stock
stock
($25
All
of
and
the
have
1955,
1963
Authorized
.20,000 shs.
interest...
Trust
Co.,
called
redemption
be made at
Payment will
trustee,
New
York,
N.-.Y.
The
20,
Public
series,
1943,
National
Bank
the
and
have
directors
.-'statements
stock,
regular
quarterly
payable Nov.
both
^mounts were disbursed
extra
an
dividend
1
of
directors
the
on
Nov.
25
Similar
Dec.
21,
14
declared
$1,
par
distributions
against 10
as
and
stock,
common
26.
last,
Oct.
on
cents
made
each on-Feb.
1942.—V.
157,
Net
plus
Divs.
'
;
9,
$1
158,
on
the
' Similar
•.,
10
on
15
to
cents
holders
May
1
and
on
1943,
of
and
16,
(The) Aviation Corp.
'A
complete,
self-contained
•
.
•
"packaged
;■
V
'
power"
it
The
fact
weighs
that
it 4s a'completely: self-contained
less .than
output
operating
comparable
currently
war
as/well
as
one-third
used
on
current
in
buses
American
uses,
much
as
the
as
and " other
-
p.
1526.'
lor
use
as
a
submerged
1,397
1,385
.
,
motor
highways 'indicates
announcement
unit
power
plants
"■"■>
unit
were
•
The Commercial and Financial Chronicle
hot
extensive.—V.
1,020
Co.—Extra
declared
an
Distribution—
extra
dividend of 25
a
cents
share
per
on
1943
1942
1941
194.0
$9,285,900
$7,630,100
$7,712,600
$7,130,20#
1,189,993
719,182
623.168
520,153
313,850
173,280
95,234
*$405,332
$449,888
tax_
property
come
1,260
1,020
12,135
15,180
2,441
6,762
1,697
1,836
..:/':
.■
"
■;
■■
<:/ y :.
18,000
.;■
-v//;/"
$170,129
excess
dividend
connection
$202,718
198,242
Dec.
with
investment
/'V /./Balance Sheet, Sept. 30
'
? "
,
July
1943
etc., $322,752; accrued
$166,738; .accrued Federal in¬
expenses,
U.
S.
to
1
the
Jan.
1,
and Oct.
1933.—V.
share
per
7%
holders of
has
cumulative
record
Nov.
been
declared
preferred
15.
Like
stock,
1, last, and
a
on
on April 20,
quarterly of $1.75
1943
at,.cost---/—A
Aug.
and Dec.
1
share,
per
j
1942
Electric
Power
Co.—Bonds
and
Preferred
issue of $16,000,000 first
mortgage 3V2% series
bonds, due 1968, and 40,000 shares of 5*4% convertible
prior preferred stock (par $100). The bonds were offered
at 103 Vi and interest by a
banking group headed by
19,168
/ 51,506
62,864
$5,253,495
■'
;'V /
'$5,445,199
for
.
$51,506
—
Surjilus
6.842
The first
1,217.925
3.949.267
•>..
Description of Bonds of 1968 Series
;
15,116
.1,182,710
4,135,929
the
Total
—
.
——
$5,253,495
——
'$5,445,199
Xote-^-Investments based on market quotations as of
Sept. 30,
amounted to* $6,232,777 or $1,368,544 more than cost.—V.
158, p.
1943.
1128.
"!'/ Bruck Silk Mills, Ltd.—10-Cent Interim Dividend—
■
An ' interim .'dividend
the
no
par
value
of
10
cents
common/stock,
The
15, dast.iand
previous
15/ 1937/-V.
on-March
payment,
•
also
share
payable Dec.
Nov. /15,1 subject; to - the
approval
Board:*. Similar (.distributions were
Sept.
per
of
has
15
been
to
the: Foreign
made
on
9,
June
15,
10
cents
per
15
share,
holders of
15,
on
deed
Leo
June
an
issue
dated
of
Oct.
series due
first
1,
1968,
mortgage
1943.
to be
are
bonds
under
International
Trust
issued
Co.
and
trustees.
Denomination
only,
may
and
Sinking
the
to
$1,000, in coupon
fully registered form,
in
form
in
registerable
any
multiples
as
of
to principal
$1,000 which
be executed by the company.
bonds
pay
to
21,
1942.
thereafter
made
on
April
an.
Fund—Company
to
meet
the
so
of
covenants to provide a sinking fund for
requirements of which the company is obligated
on Jan.
1, 1948, and on Jan.
long as any of the bonds of 1968 series
amount in
bonds
the
1968
trustee
cash equal to
series
which
1'/
on
of
or
1
in
are
each
year
outstanding,
the aggregate principal amount
before
such
respective
(Reg. U. S. Patent Office) .Willlam-B. Dana Company, Publishers, 25 Spruce St., New York
offices;
aa
mortgage
payable April 1 and Oct. 1.
Principal and interest payable
coin or currency of the U. S. of America which at the time of
payment is legal tender for public and private debts.
record
157," p. * 1646.
of
trust,
Steinhardt,
and Dec.
was
of
any
15
and
A.
mortgage bonds, 3V2 r'«
series
Interest
in
Control
Exchange
March
Sept.
declared,
<
initial
and
——
& Co.
The preferred stock, priced at
share and dividend were offered by a syndi¬
by Stone & Webster and Blodget, Inc., and
Bosworth, Chanute, Loughridge & Co.
6,523
etc.-_—12.332
A————!———;
•
a
cate headed
$62,864
4,811
52.869
retirement-
purchased—
Read
$102.50
—_
capital 'stock •repurch. for
Dillon,
";
'/•.'/./
10,
was mado
885.4
158, p.
new
159,715
21,734
Total
of
pay¬
paid on
part of the recapitalization program
of the company, public
offering was made Oct. 19 of a
$5,186,307
17,145
280.963
$100,
were
Stock Offered—As
''/
$4,864,233
for/securities ;sold__35,060
account
par
amounts
com¬
■
.
■/"/
■■
31,
Buildings Co.—Accumulated Dividend
cents
75
on
California
\
'
outstand¬
S.
tax. (less
The previous payment,
1942.
on
bills.
revenue
and
profits
of
accumulations
able
205,208
$424,921
outstanding
shares
common
payable—merchandise,
taxes—payroll
and
A
y-:'
$212,553
"
shares
common
303,000
Sheet,
$863,756; U.
Bush Terminal
225
■;:/:.
'
—
184,237
pending
/
the
.V./;///"'/-*;//:-U/ /■/->/:
April 1, July 1
/
151,628
on
■
■
426
315,000
on
on
Treasury tax savings notes,
$793,000), $25.6; notes and mortgages payable within one
year, $41,701;
notes and mortgages
payable, $671,006; reserves, $287,882; preferred
stock
(10,232 shares,
no
par),
$460,440; common stock
(par
Si),
$315,000; surplus, $2,696,376; total, $4,962,154.—V.
157, p. 2344.
8,625
1,345
74
share
per
/; Liabilities—Accounts
2,614
5,313
8,600
legislation..'-/fBased
1,444
825
*$447,575
share
per
Treasury tax savings notes, $132,000;
U. S. Defense and Treasury
bonds, $329,643$ accounts receivable (les:t
reserve
for doubtful accounts of
$99,641), $200,028; merchandise in¬
ventory
(less reserve
to
reduce
inventory to L.I.F.O. valuation of
$88,528),
$1,125,141; cash surrender value life insurance,
$70,412;
other
assets,
$210,603:
fixed
assets,
$1,934,312;
deferred
charges;
$96,259; total, $4,962,154.
3,843
2.129
'"
$1.19
Assets—Cash,
—fl,621
*!
$1.28
in '1942.
6,521
1,912
.
Fed-
a—-
to
and
3,530
1,417
.
after
elates
fluctuations In the'rates of exchange, remittances for foreign subscriptions and advertisements must be
made
in
New York funds.
of
shall
7, N. Y., BEekman.3-3341. Herbert D. Seibert, Editor and
Publisher;
Seibert, President; Wllliam D. Riggs, Business
Manager. Published twice: a week [every Thursday (geneial news and advertising issue) with a statistical issue on
Monday], Other
Chicago—In /Charge-of Fred H. Gray, /Western Representative,*.Field^^ Building .(Telephone State 0613). London—Edwards & Smith. 1
Drapers' Gardens, London, E.C. Copyright 1943
by William
B. Dana Company. Reentered as second-class matter
February .25; 1942,v at-the post office at New York, N. Y., under the Act of March 3, 1879. Subscriptions in United States and
Possessions,
$26,00 per year; in Dominion of Canada, $27.50 per year.. South and Central America, Spain, Mexico and Cuba, $29.50
per year; Great Britain, Continental Europe (except
Spain), Asia, Australia
end Africa, $31,00 per year. NOTE: On account of the
William Dana
the
742,418
Fed.
taxes
1943
6,970
5,394
•
/
//;
; $154,091
Inabilities—^ •/"
/
of
158,-
Falls
1iave
taxes
'
1,240 *
10,786
'•
.
post¬
;
$31,333;
reserve
for
Termini:;
pfd. stock ($100 par), $1,102,-.
dividend of
12Va cents per1
quarterly dividend of like amount on the common
value, both payable Nov. 15 to holders of record Nov. 1,'
12"a cents per share was also paid on Nov. 15 of last
year.
profit
;
3,510
"
vehicles,
important
said." •'•••
cuinul.
par
before
1,391
Common ."stock u$5 .par)—
•
and : that
driven
"
<
4,979
tLegal fees/and. other'expenses in
Due
!
power
1,529
■
3,574
Reserve'for. expenses^ taxes,
De¬
"packaged power" unit is a., modification of the standard Ly¬
coming 0-435 aircraft engine, though the modifications- required to
it
$246,270
761
'
Dividends-payable
,
This
adapt
*
$247,030
11,150
expenses-
'
June
unit,
combining a
with all accessories,
existing-
1%
Balance
4,721
4,102
•,
•
t;
,
developed
•I
" $245,841
'
Special/deposit • for * dividends—.
30,
six-cylinder,. horizontally opposed aircraft engine
plus a clutch and flywheel, into a single, self-cooled package, has been
by the corporation's Lycoming Division, it was announced:
on Oct. 18 by William F. 'Wise, Executive Vice-President;
insurance,
usual
1940
$250,562
Cash.in. banks____I—/L—
Dividends receivable,-etc.i-L-—_
?
(Del.)—"Packaged Power?
accident
158, p. 356.
eral
ing
1941
:;r:!
•
.
^capital'stock—
Receivable
record
Sept.
Feb,
Hill
directors
*Equal
share
per
lor
cumul. pfd. cap. stock ($100
par), $336,600; com/stock i$3
paid-in surplus, $1,293,593; earned surplus,
$1,885,678;
$7,684,016.—V. 158, p. 1128.
Net
_
*
1,322
.
divs.-_ /':
Due ffor-securities
veloped by Lycoming— V..
&
income
on
Investments
.-,
2344.
p.
.
poss.; Federal
tax '-—:
//.Assets—
common
25.
252.
p.
licenses,
income
'
share
per
p
and sundry, $384,054; balances
employees, $81,484; security deposits
$9,194;
employees'
Victory
tax
withheld;
and
Burdines, Inc.—Earnings—
the
on
3,968
"
exps.L,
.
disburs.
•
Distribution—^:'.iy
payable ^Dec.
were
share
$210,355
t-
1,554
,;L—/—"1—'
.
income
sur¬
Oct.
record
dividend of
a
of
share
per
of
See V.
Atlantic Rayon Corp.—15^Cent
The
dividend
$1
holders
to
Aug. 2, last.
on
of
pany,
declared
State
Federal
a
4
5,077
(
agent
admin.
&
Salaries
&
Inc.—$1 Extra Dividend—
log
agents,
payable—trade
Years Ended July 31—
Net
sales
V;
$18.37
or
$201,310
$194,930
Stlcholders'- -"meeting
Prov.tor
a
The
$8,547,149
5,826
"./
;\V: <
...
on
of
,1,876,389
1,291
Miscellaneous,
accrued
^
'
104
render-of
Atlantic Macaroni Co.,
750,000
4,300,000
1,839,267
1942
/Stocks?/ $185,331
,
due
at
advances
hands
stock, no par value, payable Nov. 1
to
holders of record
Similar payments were made on
May 1 and Aug. 2, last. Dis¬
tributions in 1942 were as follows:
May 1 and Aug. 1, 25 cents each;
Nov. 2, 50 cents; and Dec.
28, 75 cents.—V. 157, p. 1523.
Corp.—Earnings—
1943
Legel -fees-& other exp.
4'/i>')/
Nov.
Holders- may obtain immediate payment upon presentation and
these bonds at. any
time, at the redemption price
interest to Nov. 20. 1943 —V. 158,
p. 1526.
'
Sept/30—
on
services
Cost
bonds,
of
as
receivable, $57,674;
$42,194;
consignments* in
common
to
divs.
Invest.
240,145 shs.
general. mortgage
for
accounts
Oct. 23.
4,30G'.000
*
pirectofsV'.fces-"l-
20.000 shs.
250,000 shs.
..
$1.80
1948
$1,877,485;
,/ The directors have declared
400,000
•
—'$8,393,262
'
—-
Cap. silc; & ' other taxes //
J^egaRand audit exps.—
:,
'
Outstanding ^ '
$7,500,000
$100,000,000-
($100 par)
par).2
outstanding
been
value)
par
no
481. '
p.*
Rcgist.*.& transf.
Calls 41/2% Bonds for. Redemption—
■•.«
186,000 shs.,
coin.
Custodian.;.fees C—L—LL.
v
securities
/// ////
.
First mtge. bonds, 3r'o
894.950
17,930
cumulative)750.000
Total -income
.<
from
pay
the
80,
Buckeye Steel Castings Co.—-25-Cent Dividend—
*.
Interest
the
purposes,
also
on
sundry
purchases,
extra of
--V.
$325,810
.
502,100
adjustments—,.
post-war
9 Mos. End.
bonds
new
$3.07
Jane
and on hand, $1,305,598;
U. S. Securities,
notes receivable (less reserve of
$1,868), $52,236;
receivable, $1,288,255; notes and accounts receiva-r
accrued
Stock, no
in
Cash
Capitalization To Be Outstanding Upon Completion of Present
Financing
W.'o
$483,964
■
contiiigencies^__500,000
\
Taxable;: sec.'' divs._:l—3,773
the
$4.75
Sheet,
banks
accounts
Buck
28,396
_
—
in
customers'
'.share, and the
1,430,000
from
proceeds
$3.49
Balance
$650,000;
The
3,051,033
■ 17;601
28,396
Co,
on'Sdpt.1'30,: 1942* of $4,476,577
243.585 shares/ then .outstanding.
;
of 13,000 shares of 6 e'o- cumulative pre-
preferred
new
108,227
97,350
—?
net -assets
fol¬
general mortgage bonds,
104, and $2,150,000 of general
3Va// series due 1961, at .104$8,356,750
share—
104,242
3l'2y'<>
total,
quotations
as
at
Sept. 30,
1943,
$6,500,521, equal to $27:48 per share (par $5) on 236,542
shares .of, capital;, stock. - This compares with net assets on June
30;
3943/_ of $6,575,961 or $22.73 a share on' 241,434 shares, and with
$5,875,000
per
94,045
130,000
$105,-
par),
2,923,553
;
amounted
neW
the
88,982
130,000
.•" Net 'assets,-* based*/on „market
1955, at
•/•:•/;. ferred stock, at $110
v.To
the
$342,564
share
on
shares outst.
reserve
992,591
....
Broad. Street Investing
;
expenses)
for
$581,156
officers/ stockholder
Profit
accrued
and
after, deducting
to' the extent that/funds are available,
lowing purposes, and, in the order set forth: •
applied,
100,100
$711,507
retreating expense, $13,586;
2,081,829
Co.
_1_—
stock preferred
v/,Total t
—V.' 158,
/•
of
402,500
$543,656
payrolls, taxes and sundry expenses, $193,938; provi¬
taxes, $52,000; provision for Federal income
(including $1,124,000 excess profits tax), $1,315,000; notes
paya¬
ble (maturing $37,500 quarterly from Sept. 15, 1944 through Sept. 15,
1945),. $187,500; unearned gross profit on sales of cut-over
land,
17,930
taxes. ————Ll
and other income
exclusive
new
285,026
1,197,100
taxes
8.33
!-.
Application
Interest
will
>/
•
208,817
1,362,600
stock
com.
for
942;
50,587
r_,
'
payable
Capital "'stock
'/
L_'
State, taxes-on income, interest
charges.
/•
all
X---~
-income).—....;
on
after
211,921
$670,584
227,920
_
Terminix
sion
office
&
Surplus
3,09-
earned
$1,195,577
stock—
pfd.
/ $41,514;
1942
:
1
4.33
income)
on
dividends
110,233
$2,193,633
excess
inventories,
to
1,164,346
•
preferred stock
new
126,404
per
lumber
An
9.93
"/•/
.
interest and
177,735
/>/;r/.//
$655,546
-
1
—
Capital
,
income
on
Times aggregate new bond
dividends earned (after
$560,350
219,269
'
$52,810;
2,264,099
refund
items
Res$W(i/$QV
Reset.to1'.for
'
&
Liabilities—Accounts
to
$576,002
'—.A
Accrued
$90,000
bond interest earned—
new
1,003,457
Liabilities—
•
.
on
due
1
iSecurities..i.-—1,350,748
Total
$225,000 /
1,107,017
$1,069,173
prepaid expenses, $172,211; notes and
accounts receivable—not current, $493,843;
investments, $17,115; tim-*
ber and timber rights—depleted
value, $153,593; land—timbered, and
cut-over, 32,184.05 acres, $106,250; townsite- Bruce, Miss.—40.8
acres,
$10,232; property, plant and equipment (less reserve'for
depreciation
of $3,050,117),
$1,792K304; patents (less amortization $3,693), $792;
total, $7,684,016.
/
$2,372,591
45,000
258,000
1943
tax
Common
-
of
on
ble,
45,000
common
Accounts
Annual
.
requirements
bonds, 3?<i series ,due, 1963, to be outstanding.—..:
1,187,707
$2,015,898
$2,115,073
income
$4,025;
'
Annual
1,222,595
$1,895,805
expenses-
inc.
customers'
$616,912
215,000
■
land, buildings,/machinery
.equipment (net),
:
"
$1,259,856
i.
exp
taxes
$257,400;
post-war adjustments.; :<After deducting common dividends
25, 1942 out of earnings of previous fiscal year.
and
Preferred
Total
$1,563,803
Consolidated
1,783,591 '1,755,680
1;,™—-^.:^—.—
Prepaid
43,623
7,086,873
$2,176,190
lor
Earns,
$827,215
212,596
tax.
Patents,
849,296
^-,2
,
$1,571,608
Assets—
Post-war
$366,9.32
l_
<
$8,650,684
$3,203,605
130,000
year_„—lA—_$1,839,267
of
than
for
Inventories
<■
1940
$3,118,399
48,611
contingencies:!.—100,000
end
Accounts
affiliated
income ;
Federal
prof.
__
U.'.-S, .Government
'
I
1941
$10,461,345
8,285,155
Assets—Cash
Cash
30,
/
Statements
1942
$778,604
.34,291
221,912
exc.
Balance
,V:
the
25
10,167,175
profits
Divs.
$956,090
;
inc: &
to
for
Pay¬
1,
during
12,082,'795
and
paid Nov.
$2,234,472
common
comparer
.//,/
1943
income
Divs.
con¬
and
companies:
State
based
This
profit
Total
Jfrov.
763,215
'Other
1943, and upon completion of
before considering the savings In
the company by reason of
entering into
present financing,
consolidated
and
operations
upon
ended
$1,731,494
income,
on
Federal
1942,
year
months
taxes
the
on
21.
sales
Miscellaneous
8,368,716
$1,537,317
'
tained
the
annual
Oct.
$15,201,194. $13,370,781
.
Operating profit
•;
$9,147,320
$595,798
reserve
Estimated
record
r* y."
Miscellaneous ' income.—
1941
368,300
Surplus
.40,111
:/
216.
p.
Sell., admin. & gen.
Net
1942
37,318
.
Earnings per-share
$2,194,361
70,624
income
of
Gross
J"
.
income$365,878
Total
-
sales
Cost
V
481.
$918,773
'
State
Reserve
299,775
of
of
•.
810,750,878 $10,486,176
9,832,106
8,948,859
"'.sales'4ncliiaihg "taxes___-_
374,141
•SI,579.134
revenues-
1943
.
•Preferfed'-dividcndsLf:...--:—
.Common dividends->.-j,._t__l„-.j."i
279,147
A
..
Surplus•* previqus year:r„;_A_„„
6,055,820
1,522,602
311,267
.
.
..Total ' income
:
4,593,214
holders
Years Ended June 30—
Net
with
p.
share has been declared
per
to
Comparative Summary of Income
and
total
a
1
(E. L.) Bruce Co. (<& Sub.)—Annual Report—
1
Woven; Hose & Rubber Co.—Earnings—
income
Net^
$8,650,54a $10,538,137 $10,872,019
1,395,844
-
f,1
''
1
Depreciation.
4,085.883
ii 4/- —-
oper,
v.
June 30, '43
Maintenance,.. L/a/-/L/i
Prov.
for
retirements./
Net
V i
12 Mos. End.
1942
•
normal
period ol' 1942 of $3,986,000.—V.
158,
same
Gross ..profit
Other
_
purchased
Other;;
1941
Federal
157,
of
the
:
compares
'
;
Earnings
*
1940
of
tFed.
r~—^—-Calendar Years'
Operating
'Cost
.
&
Summary
Period—<
A
1,200
250,ooo
Tully
include
for
cents
per
been
Boston
1,065
AuchincloijS, Parker Ar Redpath..i^i'_L i.
t
period
■■
shares
share
per
'..:
excess profits taxes of
$2,945,000,
the. Revenue Act of 1942, which
on
Years Ended Aug, 31—
Gfo^s sales
♦
'
'■•.1,600
Sons„_.._.;l___^_.:ALA' '400,000
&
the
437,524
$4.33
,
?£$
1,600
-
•
Alex.
with
.
.
ending Sept. 30,
deducting estimated
on
■
k
•
.
compared
<
f
•
1,600
Spencer Trask & Co.V—_/—_///£. 600,000
Tucker, Anthony & Co;L-„Li_A.///h- V
600,000
/ Laurence M. Marks & Co...
450,000
-
•'
period
after
share
per
50
Nov.
cents
1941.—V.
months'
$1,988,867,
of
payable
share paid on Feb. 1, May 1 and Aug. 1, last.
ments during
1942 were as follows: Feb. 1, May 1 and Aug.
cents each; and Nov.
1, 50 cents. Similar payments were made
for nearly two years Assistant Plant
Manager,
appointed Plant Manager of the Muskegon Heights
plant of
the .'corporation's
Norge Division,
succeeding Harry L. Spencer, rcsigned.—-V/ 158, p. 1127.
: •
/ ■;
.
.
„•■
//
:;•//;
1,865
600,000
.
nine
$4,55
to
for
faxes
based
•■
dividend
with 25
Borg-WarnervCorp.—New Plant Manager—
.
/ i.eoo
,
Co.—
142
John.-C..;Buchanan,
■
2,400.
■.
for. the
earnings of
net
is ' equivalent
similar taxes for the
2,400
900,000
& Co....—___700,000
Allyn and Co., inc
/•
,
600,000
c.
contracts.—V.
stock,
Co.—Report—
.
$3,845,000,
stock
2,400
900,000
Kidder, Peabody &
A
of,
principal
preferred
'
f.R. W; Pressprich
a.
exceeding
payment
surtaxes of $900,000. and
the
Bonds //• Shares
■,
not
in
'|v-
stock., outstanding;
period of 1942. ,■■■
same
owns
of
company, reports
r: The-estimated
■
......
oi
'
•
•
1935,
'
follows:
issue
not
.
common
holding
stock
common
severai purchasers,
the
as
&
Company J. X-l
Weld & Co.—..
White,
Gas
number, of
are
Purchaser—
»
of
names
bends
new
Underwritten
The
1943,' unaudited
taxes.- This
■
.
Ownership—Consolidated Electric
..*
..
Beech-Nut Packing
by
distributed natural gas in the communities of
Rome, Georgia,; and produced and distributed
Athens, Augusta, Brunswick, Valdosta and Waycrossj
in
J:,
and
and
gas
company.
2816.
p.
which
Macon
artificial
on
acquired,
and
Public
Oct. 8 authorized the
company to
of promissory notes in evidence of, but
unpaid indebtedness*, on certain
equipment
the
affiliated
1941
March
ICC
$521,725
•
THE COMMERCIAL & FINANCIAL CHRONICLE
1632
have
been
issued
been
retired.
have
the
under
At
option,
in
such
of
may
company
thereafter
before
1,
Oct.
before
or
and
Oct.
102%%
1953;
1.
103%
1949;
1,
thereafter
before
or
and
1955; 102%%
1,
Oct.
102%%
1956;
thereafter
The
and
Oct.
1,
thereafter and
on
before
Oct.
together, in
of
months
during
covenants
Fund—Company
the
first
First
3Va
or
additions
$3
of
to
to
same
the
paid
so
manner
date
applied
so
payment to
redemption
or
within
withdrawn
or
the trustee
of bonds outstanding
shall be
five
applied
in
or
redemption
part,
thereafter
on
or
Oct.
1,
thereafter
1951;
103%%
on
on
1961;
1954;
Oct.
1,
tThe
and
on
thereafter
and
on
before
or
maturity;
'
;
Security—In
fixed
properties
its
held,
contract
1963;
the
for
100% %
all
bonds
direct
of
Purpose
or
1, 1965;
thereafter
and
to
before
redemption
(ii|
of
lij
franchises,
the
interest
all
mort¬
the
company
the
at
and
Boulder
New
prior
The
and
of
$3
is
dividend
in
Stock
and
of
Bankers
Trust
registrar,
International
Trust
to
are
of
Co.
are
respectively,
Co.
be
such
of
and
the
prior
its
Denver
preferred
one
or
series
more
and
rate;
directors
the
estimated
with
certain
of
the
net
Such
$4,900,000
its
the
time
offered,
of
stock
is
be
to
rate
cumulative
the
on
from
5%%
Oct.
1,
convertible
1943.
prior
Dividends
are
payable
will
be
used
of
to
the
($360,000)
National
will
be
held
In
by
Conversion
conversion
at
$100
be
share
is
5%%
to
and
convertible
vertible
to
prior
prior
be
fifth
rights
convertible
security for the
note
connection
the
surrendered
Sale
of
prior
than
stock
at
the
to
five
Redemption—The
the
in
and
at
equal to
date
all
nor
for
Power
of
Liquidation—The
capital
before
an
prior
the
of
Oct.
amount
1,
if
shall
to
the date payment is
for
close
of
their
redemption,
in
winding
or
on
case
of
time
if
preferred
in
part,
redeemed
the
plus
option
up
and
all
of
upon
oi
Oct.
thereon
redeemed
net
will
voluntary
assets
of
for
and
1
by
be
company or
be $108.50 per
$107.50 per
and
of
5%%
dis¬
distribution of the
share if effected on or
any
share if effected
unpaid
shares
of
but,
areas
in
California
communities
served
together with
principal
thereof
for
a
energy
variety
of
sale
the
pay
of
to¬
Loss
'
for
claim
held
all
of
their
of
be
to
of
•
;Y Amount
..
and
Co._
Bosworth. Chanute,
Co.
800,000
The First Trust Co.
•Lincoln, Neb.
of
,
E.
400,000
Miller
Hornblower
E.
&
&
C.
Langley
Schwabacher & Co._
Laurence
Co.
Due
Stone
,
Lynch,
200,000
.
Pierce,
.
Fenner & Beane—_
Milwaukee
S.
F.
-
and
are
also
100,000
relatively
small
of
Power
Nevada
in
for
Moseley & Co.—
Weeden & Co.——
White, Weld & Co.—
The Wisconsin Co._—
100,000
The
of
names
the
thereof
severally to
principal
stock
underwriters
<1
in
the
the
40,000
shares
of
numoer
Shares
Name
Webster
&
Stone
Name
and
'
Garrett-Bromfield
$5,007,382
9,000
5,000
Christensen, Inc.—
Sullivan & Co
2,000
Dmon, Read & Co—
Boettcher
—V.
p.
Co.—
and
158,
taxes,
30
2
etc
of
shares
*
the
An
Writer
&
2,000
1,000
9,000
Oct.
on
15
paid
dividend
a
of
$1
per
share
on
Canadian
International
Investment
Trust,
Ltd.—To
Pay 50-Cent Dividend on Preferred Stock—
declared a dividend of 50 cents per share on ac¬
on
the 5% cumulative preferred stock, par
to holders of record Nov.-1.
A similar distribu¬
Sept. 1, last, and in previous quarters.
Arrearages
accumulations
made on
of Sept. 2,
1
1943, amounted to $36.25 per share.—V. 157;
p.
2445.
Y
$5,149,285
market quotations
on
their
on
declared
total
a
then
from
1942
1943
investments—_—-i—■
exchange
interest
cents
Net
$1.50
paid
25
per
608
8
53
—
47,459
51,805
—
$4,417
Balance
Sheet,
July
31,
$2,008
1943
share for
the
last
28,
per
on
of
the
record
1943.
year
while
year,
disbursed.—V.
was
cents
share
per
holders
158,
on
288.
p.
*
$
yy '
$
,
1943—12 Mos.—1942
s
s
"
94.452,325
173,493,996
120,371,886
5,949,169
4,275,868
8,675,751
6,186,654
$3.16
$2.27
$4.61
share
$3.28.
For the month of September, 1943, net sales amounted to
$15,553,004
and in 1942 $14,086,827; net profit for
September 1943 amounted to
$844,009
and
$972,375
Note—The
sions
of
that
posed
and
earnings
the
such
for
National
reported
of
1942.
reported
will
after
conditions,
provision
there
making
is
it
figures.—V.
have
for
any
all
to
flow
effect
taxes.
and
variability
calculate
trends
in
conse¬
a
im¬
war
sales
monthly
from
net
upon
As
other
monthly
or
'
1239.
p.
renegotiation provi¬
It is anticipated
Act.
material
Federal
materials
misleading
a
unsafe
158,
the
Appropriation
not
interference-with
war
subject to
are
Defense
renegotiation
profits,
Celotex Corp.—Definitive Debentures Ready—
The
Chemical
3%%
its
Bank
debentures
office
at
outstanding
&
due
165
Trust
July
1,
temporary
Co.
New
that
announces
1955,
Broadway,
are
York
debentures.—V,
Power
Period Ended Sept. 30—
City,
158,
definitive
available
now
for
1438.
12-year
at
delivery
surrender
upon
p.
of
the
• ■
of
bus
Provis.
12,909
—
Net
15,995
6,825
168,507
108,952
129,541
1,621,586
,591,583
101,786
107,110
1,256,401
,228,896
ta*xes
taxes, Fed6,626
9,202
109,7.26
112,976
27,621
other
,28,969
276,958
337,851
than
taxes
'under
Portland
Assets—Cash
in
banks,
interest oh investments,
$39,378;
investments $4,382,623;
accrued
$1,290; prepaid insurance,, $217; capital deficit,
earned, surplus,
Liabilities—Accounts
debentures
$56,100;
total,
payable and
Feb.
1,
1934,
$4,473,834.
accrued liabilities, $2,467; accrued
to July 31, 1938, $168,465; Feb¬
31, 1943, $18,710; investment reserve, $85,793;
30-year debentures series "A",, due Feb. 1, 1958; $748,400; cumu¬
1943,
preferred
to July
stock
(50,000
shares,
no
par),
18,937
operating
Gross
17,477
214,335
209,725
$676,376
income
$7,774,512
$6,916,920
105,415
146,662
•$7,063,582
984,791
7,922
$579,222
14,482
—
$684,298
$593,704
________
income-
$2,500,000;
common
income
Deductions
Fed.
Fed.
and
excess
-
220,684
172,882
$7,879,927
2,504,634
surtax—_
74,097
70,484
956,986
profits tax_
121,564
80,482
1,032,519
753,701
$269,856
$3,385,788
$3,319,014
141,430
1,445,653
1,697,155
income
—
tax,
Preferred div.
p.
2,006,076
nor¬
income
—V. 158,
61,199
818,731
139.091
secur.
Rental
101,948
866,538
.
leased—
munic.
taxes,
.income
80,006
depreciation
prop,
,e.r(il and state
Fed',
8,377
68,056
—
1943—12 Mos.- r-1942
.
$1,369,304 $16,814,893 $15, 866,974
402,575
4,424,382
4, 480.141
replacement
for
and
Social
r
359,737
———
for
Co.—Earnings—
1943—Month—1942
$1,427,134
revenues
Purchased power
Maintenance
Net
population
lative
of.; 50
to
125,777,471
profit
Earnings per
$53,152
600
.
——-
——_—
and
5%
in
cents
10
Dec.
on
cents
25
Nov.
1943—9 Mos.—1942
sales
Non-operating
$51,267
—
Profit
on
2,400
at Sept, 30, 1943,
the opinion of
as
value
dividend
of
payable
was
of
extra
an
Net
mal
1,
fair
extra
an
dividend
of
RR, lease
Canadian Power & Paper Investments, Ltd.—Earnings
ruary
143,405
Y
Caterpillar Tractor Co.—Earnings—
State
directors have
payable Dec.
interest
Y'
$5,007,382
Period End. Sept. 30—
Provis.
$108,426;
434.000
3,003,825
quarterly
$10, both
makes
1942
Operation
Bank
434,000
—
143,405
have
par
of ' 35
extra
10,
Operating
on
1,450.000
par)_____2,400
—1Y
*•
3,000.001
thereof,
usual
This
29.
the
Profit
1,300,000
Castle & Co.—50-Cent Extra Distribution—
directors
and
stock, par $5, to holders of record Oct. 1.
This compares
with
$1.50 paid on Feb.
1, last.
In 1942, only one payment was
made, i.e.,- 50 cents per share on March 16.—V. 157, p. 438.
as
15,257
■
1527.
company
tion'was
64,800
7,231
——_
amounted to $5,186,573 or $626,757 more than cost
provision of $166,000 for Federal income tax on un-»
appreciation of investments,—V. 158, p. 544.
stock,
Feb.
3,000
———
capital
of
„_
71,600
-
par)
cent
$35,598
11,829
par)
Central Maine
count
Y
$36,916
against cash—
——_
Oct.
California-Western States Life Insurance Co.—$1 Div.
$100,
$5,149,285
''
deducting
The
&
Loughridge
Blyth & Co.,
Inc
35,598
Shares
.
9,000
& Co—
15,971
36,916
purchased.
absence
quarterly
Blodget, Inc.
Bosworth, Chanute,
Co.
Peters,
999
19,146
corporation,
share
75,000
follows:
as
—15,484
________
the
quence
of
238.217
sold—
receivable—
_
($1
stock
1942
376,220
t$10
stock
earnings
preferred stock and
purchased by each are
be
securities——
$585,097
Sept.
B
the
400,000
Stock
prior
convertible
5%%
of
1943
4,273,404
expenses,
A
200,000
Dean Witter & Co.—
Harold E. Wood & Co.
Underwriters
•
-
due
"
-
Sept. 30
payable
for
realized
200,000
Calif-
Y
Sheet,
dividends——
securities
loan
after
100,000
75,000
75,000
of
80,961
.
$385,084
Y< Note—Investments, based
325,000
200,000
Co.
18,235
Total
200,000
Abbe & Co.—
Pacific
124,096
—
Class
225,000
Newhard, Cook & Co._
Newton,
$6,533
YY/Y'-^
and
Tucker, Anthony & Co.
Union Securities Corp.
G. H. Walker & Co.—
225,000
.
$20,891
$104,183
securities——4,174,532
securities
Surplus
1,550,000
100,000
&
Year Ended July 31—*
sections
for
Bank
100,000
75,000
Co——
Y Sullivan
200,000
Co.—
Webster
Co.
Blodget, Inc.
/
,
&
Staats
$13,078
Government
—
Reserve
'
75,000
Stix & Co
&
——
Merrill
William R.
400,000
Co.
Marks
M.
Shuman, Agnew & Co.
Smith, Moore & Co.—
,
97,650
$9,177
(9,435
Due for securities loaned
100,000
75,000
S.
dividends
deposit
Total,'
325,000
100,000
&
L. F. Rothschild & CoY*
150,000
97,650
—
for
Dividends
325,000
200,000
—
400,000
$118,541
97,650
_____
and
common
Shields & Co
"
$110,728
Liabilities—
Sons
200,000
—_
719
1,207
97,650
•
(A. M.)
200,000
Co;
795
;
other
100,000
Co.__
Kidder, Peabody & Co.
149
•
U.
V
250,000
100,000
&
1,380
250,000
;
Inc.
1,400
*
sold—
in
&
&
1,280
and other
in
Special
>
Co.
Edward D. Jones & CoKaiser
Rollins
•
Weeks
&
Hutton
H.
264
11,511
$106,827
(Profit.
Cash
350,000
_•
Riter & Co._i.___
-
&
—_
Pierce
Inc.
Co.,
75,000
—
Garrett-Bromfield
Rauscher,
,
,
299
10.058
302
stock—
Investment
$200;000
.'
Christensen,'Inc.—Y'Y
R.
W.
Pressprich &
Co.
2—_
273
10,158
exps.
Investment
or
Peters, Writer &
1,405
301
t
were
'
1,138
9.730
surplus
Receivable
Amount
'.
6^562
.
Balance
>
v
■
Principal
Paine, Webber, Jackson
YY & Curtis
—' .*
325,000
5,449
1,186
Assets—
bonds and the
by each* are as
v, .....^..
:'.YY'".
4,785
.
\
Name
$3,475,000
150,000
Loughridge &
the
purchased
3,272
expense—
fees
Preferred
underwriters
1,572
10,015
2,740
1,220
secur.
Interest
.
1,438
11.111
3,641
divs.
•
will
*.
Bonds
1,465
11,766
a
assets.
a-trustee
liabilities
iv 1,619
>Y;-
8,363
&
the
Co.
24,104
1,511
\
•-
rent, supplies, telephone, surveys and special
investigations, in¬
social security taxes, etc.
Union Service Corp.
is operated
non-profit basis, and its expenses are shared proportionately by
the companies serviced
by it on the basis of the relative value of their
-
,
■•
,.
3,480
—
pref.
on
24,000
1,528
staff,
the
with
Y
,
■
income
*Legal
on
by
and
personal injury)
>■
21,761
:
$167,812
surance,
stock
thereof
Upon
purposes.
1,565
683
Y
expenses in connection with, investment com¬
pany legislation.
(Represents corporation's share of expense of Union
Service Ccrp. for salaries of the investment research
and administrative
the
remaining
note
Association
19,673
;
154,268
4,236
fees
Balance,
v
sale .of
all
preferred
bonds deposited
a
and
severally
Allyn & Co., Inc..
Revenue
as Nevada-
surrounding areas, afford substantial demands for
including requirements for irrigation pumping and
industries.
The diversification and
type of demand
result in a high annual load factor for the
company's system.
The
average consumption per consumer is
relatively high.
Company and
its subsidiary, Pure Ice
Co., also manufacture and sell ice in portions
of
Imperial County and Riverside County,. Calif.
Interstate
Tele¬
graph Co., also a subsidiary, supplies telephone and
telegraph service
electric
to
corporate
Electric Power
Expenditure
The
the
the
installment
-
1,700,000
550,000
made available.
Electric
extensive
prior
Savings
$6,000 of
Co.—
plus
dividends to
1941.
covers
discounts
1940
$12,862
164,107
"
1.172
fee
on
150,411
after
thereafter,
preferential
Company is engaged principally in the generation, purchase, trans¬
mission, distribution and sale of electric energy.
The territory served
Arizona.
3%
and
general
Blyth & Co., Inc.——
law
may
Company and Business
in
Net
Divs.
Y'
30
1941
4,851
meetings
Miscellaneous
company
necessary,
from
from
necessary
the
acquired,
were
the
amounts
Bankamerica
W.
on
share
2,016
Legal fees & other
Imperial Ice and Development Co., Imperial
Nev-Cal Electric Securities Co,) were liquidated;
and
.'Name
the
to
liquidation,
The company was incorporated in
Delaware Dec. 12, 1914,
California Electric Corp.; name changed to California
Co.
the
estimated
redeem
to
proceeds
extent
of
Trust
settlement
Dillon, Read & Coi.—
The
payable upon
any
the
accrued
used
^
W.
and
$10,135
$178,479
.
exps..
disbursing
Directors',
amount
an
permitted
stock
be
may
before
or
dividends
extent
preferred
stock
at
on
thereafter,
the
To
am'ount
stock
extent
company
Principal
up.
disposed of.
preferential
the
are
dividends)
underwriting
the
to
be
cancellation.
California
names
The
preferential
prior
for
of
(Service
!
;
Sept.
$14,749
3,561
—
Class
The
principal
per
business
and
Cost
Ended
1942
$168,721
statements
authorized
are
by
stock
and
follows:
C.
<
.
share
a
stock,
preferred
a
3,386
.
salaries
Stkholders'
:
'
per
redemption
of
2
reserved
received
and
the
Underwriters
of
valued
up
redeemed
redemption.
company
1948,
equal
called
the
prior
to
share
unpaid
preferred
winding
or
be
stock
of the company, conversion
fixed by the board of directors
earlier than
30
days, prior to the
time
per
convertible
otherwise
convertible
solution
and
for
5%%
or
purposes
shall
common
'.
Co., (The
Storage Co.,
assumed,1 by
A.
$95.98
A
$65.00
$159,500
.
,
_—_"•-•'
Officers'
as
of a transmission line and appurtenant equipment in San
County, all of such counties being located in California.1
In
three wholly-owned direct or indirect subsidiaries of California
Electric
all
X0i4
•
:vx'*'J
•
.
or
class
on
or
transfer
Legal & auditing
part
Cold
$4,165,602
share
$18,253
■"■agent service:
be
to
convertible
share
to
for
dissolution
from
or
per
accrued
designated
shares
reissued
5%%
prior
fixed
date
a
be
may
winding
or
on
$108.50
$107.50
time
date
days,
whole,
company
1948,
which
any
effective date of liquidation,
redeemed
the
stock
the
be
and
Taxes
Steinhardt,
offered
fee
re¬
Properties—Company has recently sold certain of its electric
in Imperial County and Riverside County, Calif., together
properties
:
with
pre¬
stated
to terminate
are
later
not
For
preferred
price of
prior
including Sept. 30,-1948, $9,09 1/11
including Sept. 30, 1953, and $10
and
liquidation, dissolution
any
stock.
common
prior
convertible
10
preferred
day
5%%
conversion prices being
equivalent to 12
shares, respectively, for each share of 5%%
preferred stock converted.
Shares of 5%%
con¬
shares and
11
of
conversion
and
to
thereafter—such
shares,
into
the
share
per
share
convertible
share and
thereafter
share
the
convertible
the
per
$8.33%
are
Privilege—Each
stock
A.
1943
-
—;Y
the
■
preferred
will
'
——
—
Registrar
note,
$647,300 of company's first trust mortgage
its treasury
(including $641,000 of bonds pledged
be
1941,
were
a
Account, Nine Months
dividends.
sec.
income
Custodian
i-
available
such
of
bonds
Diego
•
Ltd.—Earnings-
$2,821,240
137,861
by
'|Y':
interest
proceeds,
such
amount
with
'
share.
—YY
between
limited
1943,
presently
$140,000
quarterly Jan. 1, etc.
ferred
40,000 shs.
104,963 shs,
714,821 shs.
changed from $10 to $1
incorporation in October,
delivery of the bonds and
balance
America
per
preferred
of
net
Mitchum, Tally & Co.
dividend
1,
Leo
now
to
prior
properties,
the
the
The
annual
A
assets
$13.91
were
dividends
Total
trust
up
The
Cash
Taxable
,
stock
accrued
received
electric
first
and
of
expenses
share
payable upon any voluntary liquidation, dissolution or winding
of the company or any distribution of the capital of the
company;
and optional, conversion, and other
special rights, and the qualifica¬
tions, limitations and restrictions thereof.
and
was
stock
proceeds
bonds
of
are
respect to each series the serial designation;
the redemption price or prices; the amount
Oct.
•
common
(exclusive
commissions.
gether
Hayden,
agent
and
registrar,
respectively,
stock and common stock.
The prior
preferred
issuable
and
and
Security Co.,
respectively,
transfer
fix with
to
The
registrar,
the
are
stock
authorized
annual
stock.
Preferred
York,
agent
Corporation
and
cumulative
preferred
New
transfer
preferred
agent
stock,
ihe
Bank,
York
subsidiary,
transfer
Convertible Prior
Co.
stock
preferred
Issue—The
sale
Co.
National
be
of
the
deducting
the
of
licenses
of
generated
energy
the
series,
on:
class
a
Income—Interest
>
$20,000,000
Boettcher
1968
lien
governmental
and
purchase
interest
on
Oct.
100%%
thereafter
first
prior
there¬
YY.vYY'-Y,Y
and
and
before
1966;
accrued
before Oct. 1,
on or
1962; 102%
thereafter and
or
on
1,
the
of
thereafter and
1,
101%%
Oct.
and
case,
company,
the
Oct.
with
1967;
■
1955;
issuance
but
of
as
Trust
common
unissued.
at
Plant.
Chase
the
1,
before
valid
owned,
by
before
opinion of counsel,
5%%
to
1,
each
a
1956; 103%%
1,
thereafter and on or before Oct. 1,
before Oct. 1, 1959; 102%% thereafter
or
,Y"Y
constitute
1,
before Oct.
or
on
of
shares
in
1944;
or before
Oct. 1,
1,
1952;
104%%
thereafter and on or
the
as
on
104%%-
thereafter and
or
.
the
will
Power
in
on
Oct.
on
Oct.
together,
gage
in
and
1953;
480,000
payment
before
or
Oct.
102 V2% thereafter and
101% %
1,1964;
date.
permits
or
on
and
before
or
Oct.
101%
and
before
before Oct.
1,
on
amount,
dated
International
value of
conversion
following
Oct.
indenture
Y:-
gold
106%%- thereafter
and
$4.54
Interest
.
share by amendment of the certificate of
from
net
and
.
$16,000,000
—
.
balance
Oct.*l, 1948; 105%%
105%% thereafter and on
1949;
or
1,
103%%
1957;
thereafter
before
1,
1945;
1943,
stock
1942, net assets
Income
Outstdg.
'
.
stock—-—,
•
-Y
$50)
Y
150,000 shs.
$1)_—U,200,000 shs". /
maximum
the
and
par
($528,882)
before
or
thereafter
on
before
or
1,
thereafter
thereafter and
or
thereafter and
on
Oct.
before Oct. 1, 1960;
or
102%%
after
and
and
on
on
the
at
June 30,
preferred
30,
1
100,000shs.
1943.
Bank
under the mortgage.
company
Oct.
106 %%
105%%
104%%
the
redeemed
before Oct.
or
thereafter and
before
or
on
1,
1958; 103%
and
before
or
1950;
1,
of
before
1946;
thereafter
thereafter and
before Oct.
1,
tnereafter
on
Oct.
105Va%
if
or
on
Oct.
106%
and
before
or
and
before
1947;
option
the
106%%
prices:
106%%
and
at
to
as
of
$100)—
(par
(par
,
'
principal
the
Redemption—The bonds of 1968 series are subject to redemption
by the company, commencing with the calendar year 1947, for credit
against its sinking fund obligations, or by the trustee through opera¬
tion of the sinking
fund, at the redemption prices set forth under
"Sinking Fund."
They ase also subject to redemption at any time,
whole
On
$3
•'■Unlimited
'
(par
pfd.
stock
Auth.
:
,
(The
but
V'
•.
•
assets
Sept.
(Giving Effect to Present Financing)
_
trustees.
now
years
to
stock
stock
company
per
10,0Oii.'~r~V
'
.
V'.-
loans.
stock.
on
of the
which
all
owns
corporations
mortgage gold bonds, 5% series of 1956, to be
outstanding after giving effect to the surrender of such bonds (in
principal amount of $647,300).
at the full amount thereof.
trustee is to be applied or withdrawn in
deposited on the release of property subject
cash
as
such
of
pfd.
$23,776,700
the
to
mortgage and if not
the
purchase
in
Capital' Stock
prior
conv.
cum.
■•'■Unlimited
unfunded prior lien, and/or gross property
which property additions,
whether
of
the
an
certain
and
bonds—
1968
pfd.
quirements
three
an
Interstate,
prior
At
cash
Any
the
and
due
(Common
during
company or of Interstate, are to be credited
from
Debt
mortgage
5%%
any
as
trustee
subject
not
pany
the
and
100.00%
population
(including; population
of
communities
competitively and
at
wholesale)
of the
territory served by
is estimated at approximately 275,000.
series
Cum.
the first three months of each year
bonds of 1968 series are outstanding,jit
amount in cash equal to the excess of,
(a)
15% of certain gross operating revenues of the company and of
Interstate Telegraph Co. for the preceding calendar year over
(b) the
charges made to operating expense of the company and Interstate
during such year for repairs and maintenance of bondable property
(in substance, property, whether owned on March 31, 1943, or subse¬
quently acquired, of the general character of property additions).
Company may satisfy all or any part of such maintenance fund
obligation in either or both of the following ways: (a) by delivering
to
the
trustee for
cancellation, or by providing for the redemption
of, bonds of any series (including in the bonds so delivered bonds
authenticated but not previously issued by the company), such bonds
to be-valued for such purpose at th.e principal amount thereof; and
<b) 'by certifying to the trustee gross property additions of the com¬
long
so
to
pay
and
1945,
thereafter
subsidiary,
a
bUt/UV
'
.:
on
Sept. 30, 1943, based on market quotations on that
appraised valuations, amounted to $4,206,563 after
deducting
The net assets are
equal to $96.92 a share on 43,400
shares of $3 preferred stock, and after
deducting $50 for each share
of preferred stock,
to $14.20 a share on 143,405 shares of class A
——
.
.
100.00%
%Pi7
'
..•
or
bank
Mexico.
,,
thereafter and before maturity;
with accrued interest to redemption date.
each case,
Maintenance
100.00
Co.,
Net
date
:
4
100%%
and
1967;
1,
100.00
\
.
Capital Administration Co.,
;
' '■
'.
PO-l/,
"
v.,V;
company
Funded
thereafter and on or before Oct. 1, 1965;
100V2% thereafter and
100% %
1964;
101%
1963;
1,
before Oct.
or
Securities
.'■£
.
the
thereafter and on or before Oct. 1, 1966;
100%%
or
on
%
"W
217.
p.
below:
Pure Ice Co.
—V;
100.00%
^vv"
operating
•■'"•%'YYY:Yyy>:'v
int.
Tel. Co.
,
100.00%
and
company
indicated
aggregate
served
1,
1, 1957; 102%
thereafter and on
before
will
in
operate
Oct.
thereafter
on
Hydro-Electric
Y'\.Y/
10.61
7.70
the
respective
1943,
Company
89.39%
11.25
-/•
of
the
31,
Y:'-
81.05%
_
of
March
./Company
_________
The
thereafter and on or before Oct. 1, 1958;
101%%
or before Oct.
1, 1959; 101%% thereafter
and on or before Oct.
1, 1960; 101 '%% thereafter and on or before
Oct. 1, 1961; 101%% thereafter and on or before Oct. 1, 1962; 101%%
before
——
activities
part
ended
outstanding securities of Pure Ice Co.
or
on
various
that
for
months
————
Total
there¬
and
The
.
account
12
Telephone and telegraph
or
on
thereafter and on or before Oct.
thereafter and on or before Oct. 1,
on
Electric
Ice
thereafter and on or before Oct. 1, 1951;
before Odt. 1, 1952; 102%% thereafter and
1027/a%
1950;
1954; 102%%
after
purpose
requirements
thereafter and on or
before
or
on
Nevada.
the
for
(and Subs.)
amount
fund
and
Oct.
102%%
on
the
for
principal
sinking
and
subsidiaries
it'YY/Y
of satisfying such sinking fund obligation
thereof.
Any cash paid to the trustee to
for bonds of 1968 series is to be
applied to the redemption at earliest practicable date of bonds of
1968 series
at sinking fund redemption
prices.
Such prices are as
follows: 103%%
if redeemed in calendar year 1947 but on or before
Oct. 1, 1947; 103 % % thereafter and on or before Oct. 1, 1948; 103%%
the
meet
its
revenues
obligation
valued
be
to
at
California
of
certain bonds which
satisfy all or any
excluding
mortgage,
its
by delivering to the trustee for cancellation,
or providing
for the redemption at sinking fund redemption prices of,
bonds of 1968 series which have theretofo!-e been issued, such bonds
part
Monday, Octqber 25, 1943
require..
1240.
$267,953..
111,820
Central RR. Co. of N.
3.—Reorganization-
Federal Judge Guy L. Fake, at
Newark, N. J., Oct. 18
signed
order permitting the road to file a plan of
reorganization by April
1944.—V. 158, p. 1343.
Volume
Number 4223
158
Central Vermont Public
Period Ended Sept. 30—
Operating
power
for
48,880.
602,458
89,406i
773,455
890,483
10,810
9,495
108,237
16,420
192,570
and
Social
$263,707
Fed.
and
income
<
taxes
16,293
14,344
Lj
1,212
1,221
other
190,461
Fed.
171,847
14,765
16,488
5,155
56,832
inc.
taxes
&
$78,786
$93,361
$1,076,117
$774,030
Dr5
1,181
Dr2,489
'
69
n
tax,
railway
share
Sink.
&
14,900
246,800
16,214,139 154,726,456 132,970,260
40,410,831
33,356,885
848,888
8,662,995
7,888,813
2,929,943
28.166,450
23,322,850
3,214,342
2,307,022
23,637,179
$0.29
$3.03
$2.37
43,775
other
44,770
397,753
386,894
$27,633
.
18,928
18,928
John
227,136
227,136
158,
2,262,252
23,239,426
18,252,811
the
1438.'
p.
F.
Ilyalt
Craddock
who
is
has
now
elected
been
director to
a
Lieutenant-Commander
a
in
succeed' Roger
the
Navy.—V.
C.
dency-to
First
succeed
W.
Vice-President,
L.
Cherry, who
Executive Committee.
at
plant
Vice-President.—V.
been
elected
to
158,
.
385.
p.
"The
5%
Interstate
convertible
United
The
•■
directors
share
the
on
record
Nov.
have
declared
a
stock,
par
common
5. This
May
15
Feb.
16.
initial of 30
Nov.
16,
15 cents.—V.
and
Aug.
last.
16,
quarterly
15
cents
Payments
cents;
May
dividend
payable
$5,
with
compares
15,
were
Aug.
cents
per
holders
to
and
of
15,
each
15,
immediate
the
and
10 cents;
The
ICC
the
Oct.
on
road
to the end
County. S.
13
the
of
of
issued
branch
Canada
158,
with
all
and
have
Europe
Chesapeake & Ohio Ry.- -Asks for Permit to Pay Stock
authority
1943,
as
common
The
to
the
Interstate
of
record
been
and
Mortgage
the
of
and
expenses
bonds
shillings
are
bonds
paid
said
C.
of
told
stock
stock
common
O.
&
the
it
would
be
unable
an
-
the
of
record
Commission
as
be
Nov.
on
that
payable
$15,315,-
bondholders
158,
to
place of the like amount of preference stock, series
for redemption on Oct.
1.
In addition, it said,
stock should be regarded as taking the place
amount of refunding and improvement mortgage bonds,
of
equal
the
file
their
and
names
C,
which
celled
on
Aug.
(c)
had
been
held
in
its
and
treasury
which
were
is
incomplete
notices,
and
it
is
C.
Commission
has
assigned
application.
public
a
-
,
,
for
Nov.
r
_
2
'
,
,
Taxability of Stock Dividend—
■
the
James,
company
its
Oct.
on
Chesapeake
stockholders
'
of
surplus and
record
Nov.
on
Interstate
"The
*
:
of
of
the
been
New
M
Cleveland,
tion
has
1943,
1,
been
approval
of
of
the
its
and
counsel
own
Messrs.
and
by
Burgess,
dividend," if
Messrs;
Fulton
will "not
paid,
&
Supreme
Court.
V,-.'
'■
;
Aug.
L/L.
,
.
28,
Northern
1933,
injunction
applied for;
Rock
District
under
1,
1911,
due
Mr.
*
.The
1,
19,10,
&
Feb.
1,
In
1941,
Louisiana
due March
Judge
securities
loan
"As was pointed out by the application for authority to issue the
preference-stock (series of 1943),. which" was filed with the Inter¬
by
to
Commerce
surplus
and
betterments
investment, of
have
ration
their
of
issue
the company has
$139,300,638
represents
to
to
the
market
for
Rock
the
for
the
retire
and
in
of
used
the
debt,
Corp
tangible
these
in
accumulated
The
earnings by the decla¬
of
and
a
picture of the effect of the proposed
576,573,700 of the preference stock (series of 1943) as a stock
it is appropriate to point out that during the period since
1937 the company has reduced
its
publicly held indebtedness
since
and
preference
of
$18,152,000
this
stated,
withheld
"The
points
stock
company's
towards
Interstate
distribution
only
will
of course, be
Commission.
No
been
formulated
in
but
its
a
subject
plans
the
of
cancelled
A
$10,343 352
As
the
Commerce
the
to
possible
approval
looking towards
158,
peti¬
of
thd
York,
to.
of
have
2.
authorized
Rock
Island
securities
The
collateral
is
1,
date
of
1941.—V.
for
against
an
The
In
hearing
in
the
Balance
the
to
Revenue
—V.
Sept. 30—
surplus
passengers
158, p.
for
R.
S.
to
Commerce
Interstate
Senior
Marshall,
present common
stockholders.
the Commission's
'•
Vice-President
of
the
of
C.
&
Finance
O.,
has
Coal
be
to
Co.—To
Pay
the
Among
points
Would
(1)
Such
clarification
be
will
asked
for
the
which
on
Alleghany
further
Corp.
information
be
chief
will
be
sought
beneficiary
of
a
are;
25
on
share
per
stock
dividend.
benefits
benefitted
(41
the
would
Have
(3)
•
is
What
(2i
not
C.
&
share
on
the
no
1
holders
last,
share,
per
by
the
O.
of
the
receive
stock
from
dividend
the
In
•
all
the
Mr.
specific
transfer
used in improvements and in reducing debt
by enhancing the stocks' value, and
the property be increased
will the stock equity In
way
'
Marshall
Bureau
Seeks
what
issue.
by the issue.
of
and
of
was asked
Finance
to
about
be
the
'
prepared to explain 30 questions
issue.
: .'"Vr -
Stock of the Wheeling
& Lake Erie—
The company on Oct. 16 sought permission from the ICC to
pur¬
chase 60,000 shares of common stock of the Wheeling & Lake Erie
Ry".:
The. C. & O. and an affiliated company, the New York,
Chicago
"St.' Louis
(Nickel
Wheeling.
T'ne proposed
ship
to
'
addition
In
$52.21
a
67'a
Plate)
control
In
stock
of
stock
owner¬
the
to
authority to purchase the 60,000 common shares at
Blyth & Co., Inc., the C. & O. asked permission
share from
its
petition
the
Wheeling
to
the
would
ICC,
or
preferred
interest
or
shares
of
the
Wheeling
as
now
after
coupons,
must
Fixed
the
and
acts
of
conduct
Oct.
14,
of
due
checks
of
$559,571
will
be
by
71,141,352
company
in
a
with itself or one of its affiliates.
The Nickel Plate some time ago asked
60,000 common shares of the Wheeling,
said
position
extension
to
merge
alleged
Radio
monoply
offered
was
presented
at
$7.25
manufactures
plate
steel
miscellaneous
pressed,
stamped
parts.
$262,577
or
$2.18
Oct.
ended
31,
share
per
1942.—V.
after
157,
renegotiation
for
the
1170.
p.
Subs.)—Earnings—
1943
,
1942
—
$13,938,946
$8,883,144
expenses____._______._L.___
8,571,880
5,925,117
1,606,179
income.—:
524,055
$3,760,887
—
$2,433,972
income——————
$4,025,219
358,596
deductions
available
on
or
from
for
fixed
410,734
$4,383,815
$2,975,392
income.,——382,602
charges
income
r
$2,777,318
428,370
contingent interest—
697,832
Balance
Sheet,
745,608
$2,901,581
,
$1,603,340
June
30
and
road
equipment—.
investments
and
763.995
3,300,000
—:——_—^
!
and
from
intendents,
Rents
;——
Deferred
1,052,158
480,442
498,040
152,052
120,860
service
450,002
248,509
receivable——•
balances
conductors
and
term,
super¬
162,706
net
receivable——.-
accounts
and
and
from
2,549.076
4,609,382
1,401,104
;
408,981
1,066,159
307
119
860,930
105,280
^
of Cuba,
—
net
balance
—
Unadjusted debits
307
116
1,273,737
:—102,195
receivable
Government
assets
.
————
dividends
the
131,931
107,327
1,435,244
—
——L.——-.
supplies
receivable
Interest
——
2,629.589
.—_
agents,
"Materials
759,838
receivable—i.—________
car
Miscellaneous
112,7d9,716
3,737,313
:
bills
$
—92,8x2,215
in
investments
Segregated cash
deposits
after
—
physical property
equipment fund,, -cash———
Special
Due
1°42
$
in
and
198,074
$4,001,213
401,800
funded debt,
on
130,686
$2,564,658
367,434
399,008
109,175,777
——
125,594,292
10,000,000
——
Total
guaranteed.
Oct.
20,
presenting
the
delivered
stock
income
or
owner
1943,
forwarded
his
in
bonds
favor
for
authorized
with
non-cum.
6%
cumulative
Common
preferred
stock
Long-term debt
Traffic
and
Audited
par)——
30,307,562
10,000,000
30,307,562
shares)-.——_
9,495,547
33,595.465
9,495,547
35,898,474
($100 par)
stock
no
($100
par
—.—-—
service
car
and
accounts
Miscellaneous
stock
preferred
(400,000
balances
6,907
507,815
233,692
214,999
357,198
687,857
wages
accounts
5,707
428,032
839,213
577
498,649
2,184,599
payable—.
payable
______
payable
.
and
coupon
or
Liabilities—
6%
Interest
the
of
the
individ¬
stamping,
agent.
stamped
unless
Interest
bonds,
when
.
matured
Unmatured
accrued.—————-~i-
Accrued
tax
Other
long-term
within
Sundry
Deferred
one
debt
and
within
matur.
matured
1
year
———
1,731,796
2,224,243
maturing
and
——
10,578
—~—L————~
299,735
year————
accruals
789,169
———————L-—
liability———i._—.
Funded debt matured
returned."
If bonds are in
coupon form, the coupon of Nov.
1, 1943,
detached and retained by the company.
The required Treasury
unpaid
interest
Dividends matured unpaid
will
be
of
lack
block of 30,198
a
charges
Other
$553,043
85,197,086
record
brokers
The
Cash
Nov.
or
with
1^43
deposited under the plan, should be presented at the
Oct. 20, for stamping and attachment of contingent
in conformity with the plan of adjustment. Coupon
directed
Co.
Assets—
1943 —9 Mos —1942
1, 1943 (amounting to $7.50 on each $1,000 prin¬
said bonds) will be paid only by checks drawn in
registered holders of certificates of deposit and of fully
bank's,
for
1529.
p.
income
Investment
of
registered bonds,
uals,
Co,
Consolidated
be
amount
case
charged CBS,
——L_—264,332
Maintenance
.
Interest
the
Government
renegotiation, for the 10-month period ended
amounted to $484,763,
equivalent to $4.03 per share,
the
'
favor
prosecution.
before
adjourned until
accompanied by all interest cojupons maturing Nov. 1,
1943; and thereafter.
Certificates and bonds may be
presented by the owners or their
agents, or through banking or brokerage channels, or forwarded
by
United States registered mail.
v
\
.' '■ -V,
Y
cipal
&
operating
liabilities'————
department
the
place it
ing
.
the capital
increase this
not
on
otherwise
purchase 14,357 common
the. occassion arises.
over
of
would
.
to
i
53.6r/c
transaction
&
signatures
the
Britt,
before
operating
ry.
Income
•
Boiids
bank
bonds
proposed
with
D.
stock of this company
company
sheet and
period
rents
Net
$59,437
be
dismissed
Daniel
ruled recently
authority to apply a
accruals
Interest
8,342,394
should
12,
;
the
made Oct. 20 of
was
common
Miscellaneous
the
first
$59,289
deposit
to
Court
has
dismissed
■
158,
of
to
2.
Odt. 20,
1943, at First National Bank, 2 Wall Street, New York 5, in exchange
for bonds duly
stamped and with contingent interest coupons attached,
in conformity with the
plan.
Certificates must be duly endorsed for
earnings
stockholders
what
In
the
necessity
tax
Total
Due
of
&
by
according
by
Supreme
.
August
cents
cents
1240.
Certificates
Oct.
,
Gold Bonds, Series "A," due 1980, and hold¬
ers of Certificates of
Deposit under the Plan of Adjust¬
ment, states:
at
Barnes
1941,
operating
Net
gage 4V2%
hearing Nov. 2.
S.
National Broadcasting
offering
1943,
Railway
Colorado & Southern Ry.—Bonds
Ready for Exchange
—The company in a notice to holders of General Mort¬
prepared
31,
ry.
Other
.#
25
of
U.
Commission
operating revenues..
Traffic
asked
Dec.
ry.
Loans
clarify several aspects of the road's application to issue $76,573,700
preference stock as a stock dividend at the rate of $10 a share to
of
t
Commission's Bureau
the
Judge
case.
filed
earnings,
31,
Ry.
288.
inquiry
Chicago,
charge- of anti-trust
Total
•
resumed
of
at
Consolidated Railroads of Cuba (&
SEC Wants Rail Official to Clarify Plan to Issue Stock
The
Colorado
accepted
Ry.,
City
•-•■L-L-''.L,v-
Years Ended June 30—
the
9,670,662
■
of
been
have
Denver
defi¬
1943—Month—1942
:
iL
in
that
broadcasting.—V.
formed
Net
Co.—Hearing Oct. 26—
trustee's
Barnes
P.
"
addition,
and
bank
the
railroad
dividend of
extra
were
p.
amount,
bonds,
&
;
out
Wadsworth
been
$3,167,653.
the
Franklin
&
dividend
a
and
Company, with headquarters at Youngstown, Ohio, was established
1920, and is the country's largest manufacturer of steel tunnel
linings and caissons for vehicular, water, railroad and sewer tunnels.
$2,000,000
while
+Unadjusted
of
control
bonds
and
^Corporate
the
Wheel-,
ships,
Any
67,587
7,475
225,033
75,104
24,861,209
Dr5,642,186
.
109,175,777
permission to purchase the
but the application was denied'
New
Jackson
Boulevard,
Chicago
6,
111,
credits L_———
25,741,840
125,594,292
or
ownership
certificate, Form
1001, must accompany all
certificates owned by nonresident aliens, foreign partner¬
foreign corporations.
' inquiries
should
be
addressed
to
the
First
National
Bank,
York, or to J. C. James, Vice-President of the road, 547 West
'
mortgage
share.
Railroad
have
a
,
158,
extension
by
$2,151,500,
now
totals
now
claims
Dividends
principal
4'/2%
Worth
Total
interest,
declared
and
In
"v:securities
further
been
.
•
Fort
general
per
Cincinnati Street Ry1.—Earnings-
such
any
the
and
supplemental
who
added
that
the
balance jpf, the
for
purchasing these bonds Willi be
and extension mortgage bonds of the Colo¬
from the RFC.—V. 158. p. 1529.
.of America and
12-month
has
as
1439. ;
p.
that
on
Nov.
Period Ended
1438.
p.
of
company
the
available
John
the
suit
compared with
dispose, of
years
in
Miscellaneous
steps
the
execute
anti-trust case-against the CBS.
acted on a motion lor dismissal
and
Commission
affiliated1 companies by
comparable basis. Any
time."—V.
its
Division,
company,
in process of reorganization, scheduled for
Federal Bankruptcy Referee Robert'p.
Stephenson, was
October 26.—V. 158,
p. 1344.
already
earnings
security holders
directed
to
by a syndicate
Jenks, Kirkland & Co., Barrett Herrick &
Co., Inc., R/H. Johnson & Co., Baker, Simonds & Co.,
pledgees and undoubtedly will
pledgees, when motion therefor is
$7,209,000.
ten
Wilmington
October
Childs
property.
facilitate
to
on
this
at
recently
all
portion
a
tend
would,
have
offset
Interstate
of the company with
exchange of securities
an
Commerce
unification
the
also
the stock dividend.
invested
and
to
has
items
by
represents
application
unification
unification
and
which
stockholders
this
making possible
such
bonds,
dividend
the
that
$48,078,348
be capitalized
to
now
from
out
by
treasury
the amount
of
stock
also
comprising
the
regular quarterly dividend of 25 cents per
value common stock, both payable November
payment
of
particularly the Act of
plan and made the plan
all
refunding
$11,500,
to
Ry.
pointed
shares of
the
New
of
■.■
dividend,
early
of
last
unpaid
press
158,
directors
record
By
judges
amended,
as
Broadcasting System, Inc.—Trust Suit Dis¬
attorney
—Public
Short
the
par
true
a
of
Extra Distribution of 25 Cents—
largely
stockholders
Code,
fund.
mortgage
the
was
Judge
radio
Net
directors
the
evidenc
with
to
Chicago,
divi¬
the
1934,
1,
Island
the
dividend.
present
not
earnings,
payment
stockholders
and
these
Eastern
City
Igoe
Value
the
vglue
claim,
ciency.—V.
for
three
and
the
a/. ;'0/
Britt
the
Aug.
L.
'face
a
railroad.
agreed
earned
increase
net
Illinois,
77
Bank,
Michael
with
bank's
" total
a
expenditures
Because
available
from
by
and
property
properties
give
interest
represented
equipment.
been
withheld
stock
a
order
in
have
company's
desirable
portion of
"In
the
it
road
to
company
would
been
improve
deemed
;
the
otherwise
dends,
to
Oct, '15,
on
$169,398,118
(of
which
which to a large extent is
additions
which
Commission
of
surplus)
of
bonds.
RR.
court',-1
the bank
%
state
of
remaining
,
The,
Court
Commercial Shearing & Stamping Co.—Stock Offered
Chicago,
by
Kansas
certain
the
Chase -National
held
'L'
District
General
the
on
jurisdiction.
*: Chase Bank to Sell Collateral—;*'V
Federal
XV,
and on
Barnes
remedy
over
Arkansas
Section
&
in
that the Federal Communications
and
Island,
owned
were
Paul
to
to
as
the
to
St.
as
same
be
hands
the
that, since
reason
court
Judicial
indenture
,,
Southern
.
1933, The Rock Island company filed in the U. S. District
the
presented
of its stockholders, undef
the company has only common
stock
outstanding,
the
stock
dividend
will
not
bring about any
change t in. the stockholders' proportionate- 'interests' in'■ the ?compahy.
Such a .distribution has been held to be non-taxable
by the U. SI
existing law, for the
the
S.
Chapter XV of
plan effective.
Vice-President,
Government's
and
bonds dated Feb.
bonds
reorganization
dissolve
of
Court
the
capital
a
of
which
:
Bankruptcy Act, and
Line RR. and Rock
Island, Arkansas & Louisiana RR. (subsidiaries), filed similar petitions
in the
same
proceedings.
On Nov. 22, 1933, the court enjoined the
various
pledgees of-the bonds from disposing of the collateral held
by them as security < for the loans. ' The court has now dissolved
on
declared
stockholders
t<?
and
for
for
the
by
that 'this-stock
in
statement:
.
„
City
subject to Federal income tax
which
1943 r
authorization
advised
York
following
receiving many inquiries from
the dividend of $10 per share
Dec.
payable
to
Commission.
has
Case
&
Fullmer
subject
Commerce
company
White
earnings,
1.
the
is
of
Co.
taxability
stock (series of
payable in preference
put
authorized
Ry.
the
to
as
20
Ohio
&
special
a
U.
the
the
&
Judge
first
$27,828,500
foregoing
On June 7,
Court
The
..<■"The
make
confirmed
the
debt.
of
Columbia
.
\
the
purchase refundig
35 Congress Street,
and
and pledged by it as part collateral for various loans, dated
Aug. 1, 1932, due March 1, 1934.
Interest due Aug. 1, 1933, and sub¬
sequently is in default.
■
'
the
on
266
mortgage
rado
bondholders
many
Pacific Ry.
hearing
-
.
for
as of Nov.
1, 1941, and provides for:
1955, of maturities of certain obligations
affiliated companies.
to
said.
Exchange has authorized the listing of:
additional
of
of
Ry.
$1,400,000
'
gold
total of
a
$3,862,000
All
the plan,
Company
their assent
missed—
first mortgage 4!/2% bonds, dated March
making a total of $14,862,000 applied for.
can¬
27.
dated
authorized
plan.
1,
general
management
J.
re¬
addresses
1439,
additional
4 Va
mortgage
making
new
to
by
company
used
important
p.
York Stock
New
$4,078,000
first
and
Jan,
amounting
general
Southern
assistant
the pro¬
It said
orders,
the
Purchase of Bonds—
for
refunding if/c: gold bonds, dated
April 1, 1901, due April 1, 1934 of Chicago, Rock Island & Pacific Ry.
making a total of $163,000,000 applied for;
(b) $11,787,500 additional St. Paul & Kansas City Short Line RR.
1
1.
only1 $43,106,352 of
capitalization.
new
Dec.
on
1943,
decree,
to
the
Tenders
Asked
its
The
would
and
redemption provisions of the refunding
extension mortgage and the general
mortgage and bonds.
i
.
tional Old Bonds—
called
was
series
The
of
holders of
to
rata
pro
series
par)
take the
would
which
$18,152,000
of
($100
States
Section
the
on
the
Modification
obtain
to
and
Reduction
asked
foreign practices.
Bondholders
address of the secretary is Worthing L. West,
(a)
dividend
posed issue should be considered
A,
stock
to
8,
trustee under
Establishment
The
had
Chicago, Rock Island & Pacific Ry.—Listing of Addi¬
for
Commission
March
the company and its
Modification of interest
ex¬
be
directed.
may
protective committee for the above bonds
bondholders
receiving
Boston, Mass.—V.
.
holders
348
Commerce
to issue $76,573,700 of preference
a
stock dividend to be distributed
stock.
'"v."t
company
The
asked
By
the
the
on
plan became effective
Federal
has
company
United
Plan
Dividend—
The
by
in
company filed with the
Colorado
a
petition under
the
approved
Postponement
United States without asking
because, it explained, such was
allowed to follow
was
Secretary.
not
The
of
adjustment
the
The
1344.
p.
issues,
the
of
binding
respective
the
chairman
quests
railroad
affected
interest
Commission
provided
acting under said chapter
1942,
and
The
of
the
the
fees,
expense
Adjustment
'The
permitting abandonment
extending from Englewood
approximately 6.43 miles, in Lawrence
of
the
holders
outside
Addresses—
certificate
a
line
the line at Trojan,
Dak.—V.
of
foreign proxies, unless it
Chicago, Burlington & Quincy RR.—Abandonment—
by
six
157, p. 439.
5%
'
in
for
until
time
road
amount of bonds, the ICC
representing the holders of the bonds
proxies outside
payment
custom
that
that
the
payment
committee
At
ordered
of
principal
seek
to
has
bonds
defer
may
protective
securities.
committee
permission
Commission
mortgage
Canada
the
new
$1,000
protective
follows:
as
for
of
paid on Feb.
1942
cents;
20
15
share
per
during
20
of
Nov.
for
Commerce
adjustment
States
remuneration
changed
Chesapeake Corp. of Virginia—20-Cent Dividend—
bond
Commerce
as
of
dated
listed
stamped
Chicago Milwaukee St. Paul & Pacific RR.—Foreign
Holders Allowed to Defer Expense—
Presi¬
the
will become Chairman of the
II. Cherry, General Manager of the company's
Cedar Rapids, Iowa, has been elected First
H.
manufacturing
has
reduction
indenture
are
indenture, and directed the company to cause all of its bonds affected
by the plan, and appurtenant coupons affected
by the plan to be
with appropriate legends in conformity with the
plan.
Dirctors of the company authorized the
stamping of the bonds and
certain coupons and attaching
contingent interest coupons.
158,
Cherry-Burrell Corp.—Changes In Personnel—
John W. Ladd,
the
certain
bonds
bondholders
pursuant
company. 1 By
1344.
p.
.
16,
the
the
1942,
entered
Court
Oct.
supplemental
of this issue
a
r
9,
District
assembled
•2,662,609
Chicago & Eastern Illinois RR.—New Director—
$235,645
$401,668
profit &
iiiL
■
known
Nov.
the
decree
a
of
for
Interstate
Bankruptcy Act of
—:
to
for
of
appro,
the
modify
thereto.
On
dividends-
plan
a
maturities
to
all
with
outstanding bonds
Exchange.
proposed
1942,
solicited
accordance
The
of
31,
company
18,639,705
SO.35
Aug.
in
Stock
extension
4,734,142
Exchange has authorized the listing of $20,000,gold bonds, series A, due May 1, 1980,
4 l/a %
mortgage
Company
after
com.
York
final
1344.
p.
New
1,131,387
—
income__
on
transf.
.).'loss
—V.
requir.—
general
modified,
May I, 1943.
1943- -9 MOS.—1942
129,500
$37,624
div.
Bal.
406,396
21,000
000
4,947,170
taxes
operating
preference
$771,541
428,830
Listing of Bonds—
the
2,706,384
nor¬
income
158,
$1,077,298
36,248
surtax.—
I'relcrred
—V.
$78,781
34,806
——
and
Net
$93,430
__
Deductions
that
with
profits
exc.
——.u.
.
Other
income
income
1943—Month—1942
63,439
5,249
and
consistent
1633
The New York Stock
18,332,259
Net
taxes
income—
purchase
not
was
$
Per
mal
stock
the
as
than
operating income
Non-oper. inc., net;—_
Fed.
the
for
Earnings for September and Year to Date
.
Net
Gross
for
pay
need
no
'
state
taxes,
found
Period End. Sept. 30—
secur.
eral
munic.
to
224,972
depreciation
State
funds
of
it
113,967
16,013
said
interest.
public
50,626
which
ICG,
$2,855,179
599,953
'
$3,014,895
the
diversion
1943—12 MOS.—1942
67,774
______
Maintenance
Provls.
by
Corp.—Earnings-
1943—Month—1942
—,—____—
Purchased
Service
$261,338
revenues
Operation
THE COMMERCIAL & FINANCIAL CHRONICLE
surplus
Total
——-
*Less
reserves
tlncludes
—_—
of $232,162 in
maintenance
—
—-
1943 and $161,917 in
reserves
of
$2,898
in
9,313,083
1942.
1943
and
1942;
dis-
■■
THE COMMERCIAL & FINANCIAL CHRONICLE
1634
maritlement
in
1942;
cf
retired
property
$19,67.9
reserve,
1943 and $U,44o
in
In 1942; reserve for
1942; excess of par
company's preferred stock acquired and held,
$112,607 in 1943 and 1942; deferred income for services rendered to
the Cuban Government, $676,767 in 1943 and $307,392 in 1942; interest
on
mortgages receivable on town lot sales, $8,852 in 1943 and $9,00nhvsical
property, $387,850 in 1943 and $374,090
$808,915 in 1943 and $717,946 in
in
unadjusted
other
1942;
the
of
cost
over
1943
in
$120,741
credits,
and
five
in
$87,221
.
operating
bution
1942.
""
of
On
property (Trinidad branch), $653,302 in
1943 and
1942; capital surplus, $6,117,723 in 1943 and 1942; appropriated sur¬
plus, $3,300,000 in 1943, none in 1942; profit and loss deficit of Slo,713 210 in
1943 and profit and loss surplus of $2,542,058 in 1942,
The' deficit of $15,713,210 was occasioned principally by elimination
of intangible road and equipment items $18,541,019 and maintenance
and equipment reserve of $3,300,000.—V. 157, p. 2247.
SIncludes donated
■:
■'■
natural
11,
companies
gas
applicant's
Oct.
capital
1943,
the
stock
.
and
to
Securities
for-approval
Standard's
an
the
Operating
tion
Statistics—The
served,
of
as
at
Doc.
retail
31,
number
and
1942,
of
communities
wholesale,
were
by
follows:
as
the operating
■././
Gas Utilities:
No.
West -Virginia
-245
•-'Ohio
compared
Sub-Total
—
3,280,825
Corp.—Earnings—
Est.
«■
2
,
—
7
of
Cost
Sept. 30—
less disc.
sales,
goods
sold,
shipments
Gell.,
1943
allowances
&
Auxiliary
incl.
freight
$2,433,813
Subsidiary
7
80,459
39
401,322
1,234,542
incl.
Net
1,607,970
profit
C.
int.
and
Int.
15-year 1st mtge. 6T
on
bonds
income
Interest
15-year
on
6(w
other
/
343,755
table
$482,089
$198,281
W.
49,596
49,029
57,798
5,153
5,202
5.656
not
include
3,280,825
Loss
ol'
retire,
on
of
fixed
assets.,
Net
before
profit
income
in
finished
Three
in
for
ended
1942,
158,
17
effect
communities
Fed.
the
'
above
depreciation
loss
and
depletion
and
were
(a)
follows:
as
Income
net
Statement
income
30,
1941, $138,024;
three months ended
three months ended Sept. 30, .1943, $146,508.
corporation
15
confirmed
reports
that
imercial
Other
of
the 27,500 shares optioned to certain officers and employees under
authority given by shareholders Apvil 7, 1941, had been exercised and
that the remainder probably would be exercised by the end of this*
month.
The options, which expire in April next year, provided for
imying the stock at $15 a share.
Included was an option on 20,000
President.—V. 158, p. 887.
Consolidated Edison Co. of New York,
and
Cf
kwh.
37.9 5)'.—V.
for
the
\1. \
Inc.—Output—
158, p.
corresponding week of last
gas
five
the
of
Co.
five
natural
and
End.
'•••■•/■
1941
V);
31
sell.
for
'
u
.
6.178,794
Other
19,777,282
879.414
&
from
1,052,659
1,203,616
1,517,916
359,870
366,583
469,375
470,716
$806,698
$1,434,039
$987,792
$1,835,500
gen.
opers.
income
Total
124,720
36,651
136,402
50.75R
$931,418
income ---—7)-'
Interest
011
Amort,
Loss
$1,470,691
$1,124,193
$1,886,259
of
41,598
{45,750
debentures)
deb.
30,610
Prov.
•
1,491
year,
'
prof.
417.700
811,000
281,700
876,125
profit.—$481,618
Net
$621,999
$798,471
$915,523
$2.63
$3.63
$3.95
Earnings
of
t
'
'
-
6,041,000
and
of
capital stock
Oil
pursuant
of
to
Co.
(New
plan
a
Standard
Oil
share
per
Consolidated
2,748,253
$2.14
Earnings for St Months End. Sept. 30.
•
Jersey)
(New
vestments
Federal
State
Other
All
such
(Standard
shares
Oil
Dec.
(Standard's
rtock
to
of
Co.
15,
for
distribution
of
Jersey)
capital
certain
under
Jersey)
Standard
stockholders
each
thareholder
in
shares
ten
the
at
stock
(New
1943,
its
to
natural
the
close
about
or
will
Authority
Authority
lhares
Ten
for
of
ratio
business
15,
1943.
of
to
On
capital
of
owned
Nov.
on
the
share
one
stock
issued
be
15,
stock
1943.
by
stock
of
shares
of
On
Aug.
to
will
certificate
is
on
Sept.
c-n
Sept.
16,
duly
was
be
shares
incorporation
incorporation
Of
Issuance
amended
to
filed
$151.
(par
was
1943.
and
Sept.
24,
provide
This
unanimously
The
with
the
Secretarv
the
of
the
the
if
$40,925,385,
Co.,
River
On
Jr.,
the'SEC
info
The
East
Co,
in
Ohio
and
issued
to
to
the
of
the
"7
>
three
agreements
of
Delaware
with
exchange
II.
F.
Gas
New
Co.,
York
The
State
authorizing and directing
capital stock, aggregating
its
for
the
stocks
Peoples
of
Hope
Natural
Natural
Gas
Gas
Corp.
Natural
Co.,
The
theretofore
by Standard.
about
or
William
Oct.
A.
of
resolution
Standard will
and
the capital
to
to
order
1943,
Dougherty,
{ubscriptions
the
14,
stock.
the
SEC,
authorizing
tor
cancellation
hoard
of
the
of
officers
stocks
the
directors
W.
of
to
Cooper
same
board
of
to
such
such
natural
F.
above
day,
H.
from
Lerch,
mentioned
acting pursuant
directors will
acquire
receive
from
their
the
On
Standard's
its
£59 shares of capital stock and
exchange
C,
acquire
adopt
applicant
companies
a
2,728,-
stock from company
gas
'
•
■■
72.007
/ 62,549
72.007
*
24,284
•>;/;;
had
Estimate
of
idated
income—
net
forma
the
and
and
in
the
above
mentioned
subscriptions; and company's
will; adopt a resolution
authorizing its officers to
2,728,359 shares of company's capital stock in ex¬
consolidated
five
Forma
balance
natural gas
at cost
physical
/,'/■') /
$9,370,090 ; $7,613,684
Balance
sheet
of
Sheet
'
Consolidated
.7.
investments, at cost
'
:
Accounts
Accts.
from
Co,
to
change
Standard
for the stock
cellation
of
said
of
such
natural
gas
companies,
and
the
cos.
.
—_57_
of Standard
Oil
Co.
For
cuts
Co..
many
tending
The
Standard
years
stocks
East
of
Ohio
River Gas Co.
By
four
Gas
reason
Oil
Co.
natural
Co.,
The
(New
Jersey), owned all of the
utilities; Hope Natural Gas
gas
Peoples
of this, Standard
Natural
was
a
Gas
Co.
and
The
public
utility holding
Utility Holding Company Act of 1935.
(standard sought exemption from the Act but its
application therefor
was denied in Feb., 1942.
Faced with this ruling, Standard was
forced
to dispose of its utility subsidiaries and
withdraw from the public
company as defined in
Utility
business.
Consolidated
•
Natural
on
July
Gas
21,
Standard's
intention
tributed
Standard's
In
:•
.
Co.
was,
therefore,
incorporated
by
1942, to provide a new holding company to
these natural gas utility stocks
might be transferred, it, being
(standard
which
the Public
to
accordance
that
Consolidated's
stock
should
then
be
dis¬
stockholders.
with
this
plan,
debits-__7,-i.^___7l727y:i7:t7'„^_-
filed
a
notification
of
registration as a holding company under the Public
Utility Holding
Company Act of 1935; it also filed an application and declaration under
Sections; 7 and 10 of the said act for the purpose of
acquiring the
stock of
these four natural
gas utility companies.
This application
was
made
pursuant
to
resolution
meeting held upon July 29.
1942.
of
directors
Consolidated's
the
application
board
and
of
declaration
of
the
board
of
Thereafter, pursuant
at
were
a
meeting
amended
to
on
directors
to
a
add
the
29,
at
stock
of
32,751
50,140
$4,572,200
303/..
$3,213,451
$3,970,522
200,561
200,561
$0.65
$0.93
$1.31
for
:
added
to
future
\v.!
7
.
.
inventory
price decline
'7.-; '; '7 '■
■
Balance
Sheet,
Sept.
savings
bonds,
.
■
30
1943
receivable
for
1,550,338
642,555
297,480
200,000
(net)-—
988,171
sale.
•._
1,490,249
4,289.747
3.453,101
41,568
7.—
.___7
charges
1942
$2,254,190
F—-
—
...
7
—
■'■■"
16,001
8,063,320
1
1
51,477
42,569
;■
——
1—7/^i.77__--7-—1-
31,141
L—
7,560,127
i
$15,951,232 $16,490,607
..77.7
and
wages
interest,
$630,281
commissions/^i_.77—
general
taxes,
$446,281
163,173
262,231
272,744
etc.
*253,809
200,000
debt—7./_J.7-..7__77.
1,000,000
1,200,000
1,120,337
1,028,307
due
(current)
——.7„u_7/..'
cumulative
1:Common
preferred
stock
stock
vi.—
($100
1,000,000
par)
:„/..
stock
at
1,885,500
5,279,300
5,279,300
1,721,598
1,807,404
4,572,200
4,257,701
TOr129,726
surplus-
surplus
Treasury
.7...
....
and .capital
Earned
t._.
cost;.—......./-^—»iOrl6,401
Total
7—.L.:-.—7—^
$15,951,232 $16,490,607
deducting U. S. Treasury tax notes of $1,194,980 held for tax
payments 011 Federal income and excess profits taxes,
fAfter deduct¬
ing reserve for depreciation of-88,953,034 in 1943 and
"After
$8,154,850
1.942.
Represented by 200.648 shares,
no
par
shares of
To
stock
common
The
Retire
at cost.-
directors
Preferred
on
Oct.
19
of
all
of
record Nov. .22,
At,
—-—
outstanding
preferred
per
share.—V.
■
.
stock
158,
is
p.
redeemable
at,, the
1,
next,
held
as
;
.'
■
.
30, last, there were outstanding 9,879
stock,"exclusive of 121 shares held in the
The
on preferred stock
175,000
deposits —~491,270.
Taxes accrued
,7-;———'
9,322,100
Interest accrued
——4;
111,947
87
.,(-
the redemption on Jan.
preferred stock of this company
.
June
ferred
Customers'
shares of
1943.
'•■
.1
"7
at,
Stock—
authorized
——.
to Standard Oil Co. (N. J.)—...__
;
2,750,000
purchase obligations payable within one year..—147,744
Accounts payable—'trade
——:—:—3,502,686
Accounts payable to Standard Oil Co. (N. J.) and affil. cos..
3,031,585
Notes and
by
preferred stock at cost and-87 shares common stock
^Represented by 122 shares of preferred stock at cost and
7
.
in
^Represented
value.
shares
cost.
Note payable
declared
series
$0.53
reserve
$1,469,803
_^—7.;
v->
200,561
/
200,000
7'Jr.
._1.„S267,481,750
Dividends
$4,257,701
200,561
stock..
.l._7!;-/7.7...7i//
340,303
....
shares
of
company's
company's
option
.!
574.
■
/,
the
pre¬
treasury.
at
,
$110
■
—
.
.
Other
current
Total
deferred
and,accrued
liabilities———.—7-11—,
credits———
Reserves
gas
for depreciation, depletion,
and
plant and other property accounts.
reserves
Contributions
Capital
—
in
surplus
Earned surplus
aid
of
—-
»
182,303
-
amortization •of
■
118,433
„7__i2_
The
-.113,293,
_•—•
:
', 47,217,306
—
35,882,027
—
directors
on
Oct,
shareholders for Nov.
the
-
'construction
Cooper Bessemer Corp.—To Change Preferred Stock
Provisions—May Pay SI Common Dividend—
>„•
120,140,409
1—.17 '.. 691,373
—
$3
before
18
22
approved
for
the
prior
preference stock
dividends .can be. paid
on
Williams, President,, said;
due
to
war
conditions
make
Total
—
:
——
.—$267,481,750
Management
The
Cooper,
present
board of
and William
A.
directors
consists
Dougherty.
:
of
Effective
F.
,
this
1,
call
of a special meeting
of changing a provision
the
,
a
two' to
common
-
Jr.,- C.-W.";
1943,-the
board
one
current
of
of
ratio
stock.
VThe unprecedented business volume
provision
impossible of
achievement.
proposed substitute provision requires a minimum of $40 net current
assets per share of $3 prior
preference stock before dividends can be
paid on the common stock. If the change is approved
by the share¬
holders, the directors state their intention to
pay
H., Lerch,
Nov.
the
purpose
requiring
A
a
1943,
32,680
50,140
debt
Initial
Capital stock (2,728,359 shares, $15 par)—_L_ $40,925,385
Peoples Natural Gas Co. 4rc promis. note, due July 1, 1948
2,000,000
Other long-term debt.,—
678,889
resolution
June
30,935
50,140
share—3/
estate held
1,178
Total
Other
Consolidated
17,286
50,140
accounts
Reserves
Other deferred debit—T__4,507.806
Preliminary survey and investigation charges in connection
with proposed gas pipe
line..—784,316
•Prepaid Ohio excise
810,818
Liabilities—
Purpose of Issuance
3.157,031
$3,286,343
:v
Funded
(N, J.)2,130,792
.
-
3.758,750
$4,053,342
Funded
.
deferred
4.120,523
$4,338,776
,v
and
Accrued
5,475,148
,
$139,312
4,492,347
Treasury tax notes, series B—_
Treasury tax notes, series C
—.77-
Accrued
Inventory of stored gas, at average cost__77_7!_—..7'7-7l_ v. 3,987,598
Construe. & operating materials & supplies, at aver, cost— 74,221,852
Other current and accrued assets—
_i_-:: 255,416
Unamortized bal. of supplemental payments for annuities..) !.
3,689,631
Miscellaneous
$294,592
Liabilities—
at
can¬
subscriptions.
>
30
$218,251
Accounts payable
.
affi.
S.
1943
2,177,880
•
72,600
v.-v-v
*44,000
$147,280
Total
Gas
cost__^_-——:4 19,481,807
(less—reserve)—
-7L_u_L_:.._7_'_77,
3,540,943
receivable
rec.
Sept.
per
Deferred
16,764.181
investments,
116,200
/
•
Natural
Cash
Temporary cash
188.000
1
j
dividends.:.'..
common
Patents
subsidiaries—>I.L-/-//k!///::-$199,313,259
property
r
205,940;
Sundry receivables and miscellaneous invest-./
"Land, buildings, machinery, and equipment...
'•)-/!
$6,447,962'
subsidiary companies as of' June 30,
'7 '•■77: \> .7-'.' ..-■ 7
-- ■
less to
or
S.
Real
Assets—
Gas plant,
Other
•
dividends.
Inventories
Dr892.000 Z)r4,054,000 Dr2,215,000
$10,608,958
3,287
$4,639,627
defense
Notes
'
628
1,739
133,100
3_,-!_.7
S.
U.
','5.
.
Pro
842
_
3._._
contingencies.
U.
'
consol-
13,500
"
Assets—
<
and
Rr4l8.000
558
Consolidated
!'
•
*
ending
1943 .-7.-—'-
12,000
contings...
-
months
30,
10,500
prof.)
surplus June
Cash.:■
'
,
during
six
for
.
ex-
years
June
(ci
for
"Appropriation
U.
*
9,418
-v.-
tax.l
inc.
exc.
profit
Earnings
,
'
19,715
$273,327
.
-
Nat-
18,551
$611,350
488
—
Shares
57,221
,
v
■
inc.
13.131
$436,918
dis-
or
Fed.
Balance
>.
■
2,370
•
40.986
,
' //..—.
;
„
i.^sue
for
Common
'
v
29,158
•
_
"
$253,611
62,917
-s
•:29,793
.
$592,799
exps
properties..
for Fed.
Preferred
the
by
of
Earned
$8,814,628
•
.
,
20,8(0
29,483
effect
net
Co.
subsidiaries
cer¬
deb.
tax
$11,026,958 $10,262,090 $11,667,684 ' $8,662,962'
of
Consolidated
Ural Gas
'■
$423,787
246,016
.
.
.
83,178
31,064
.
1,061
72,007
income
'
90,646
v)-'■
v
■
amort.;—
combined
Other
order
an
2,728,359 shares of
Standard
to
Gas
owned
1943,
issue all
to
company
Gas
•
,
deducts.-,.—
Estimate
on
'
of
'
'
;
132.531
$229,961
371.072
60,678
Prov.
$8,568,6i2
f
245.782
charges.,.34,134
disposal
inc.
Net
total
certificate
State
;
.
111,176
$290,640
sales
''/•!, 776,304
1,641,779
$9,966,520 $11,762;291
534,381
!; 193,906'
isted and possessed its
amendment
to
to
assets
Miscellaneous
Jr.,
Jr., William A, Dougherty, and C. W,
Cooper, cancelling the
subscriptions to 10 shares of $100 par value stock and taking
in
exchange therefor subscriptions totalling .100 shares of the neAv
capital stock.
11,
1,775,046
368,504
debt
011
011
(bi
of
on
mant.
$9,344,916
income$11,409,423 $10,500,901: $ll,956;197
capital
8100,000.
that
consented
amendment
entered
company
Loss
Reserve
1,458.845
-
101,060
operation
debentures..
011
Amort,
"
'
377,824
income
Interest
4
3,672,861 V '2,002,980
3,791,170
317.299
deprec..
Total
int.
Loss
•
above
On Oct.
1
Standard Oil Co., N. J.
1,000
X.erch,
;
1
Pro
1943.
53,934
income,—. $11,040,921
v
On
h)'/43.454
3,556,319.
1943.
17;
18,364
other- income
Interest
Consoliof
capital stock which company should have author¬
2,728,359
of
Mockholders
Purpose
W. Cooper, biit were not issued.
directors adopted a resolution that
the
shares of
issue
to
1943,
5)4,130,000
'
$12,499,766 $11,741,566 $13,-404,070
rev.—
279,080
gen.
income
Net
Other
and C.
incorporation" should
number of
ity
and
Lercli,
10,
of
4,173
3,190,000
23,331
_
utility
Misc.
(par $100), amounting in the aggregate of
this stock in all were subscribed
by F. H.
William A. Dougherty
tificate
For
!
6,563
3,240.000
taxes..,,..-
4,331,006
119,166
&
from
Total
1
"
each
Standard
incorporated on July 21, 1942,'
incorporation authorized the issuance
of
Other
$5,088,221
5,517,405
•
2.240,006
exploration
Gross
or
Consolidated
record
Issuance—As
certificate
87,076
$6,599,205
4,687,300
7;/77/37
Prov.
Total
Holding
tlstribute cash in lieu of fractional shares.
ckited's
5,996
operating
Net
companies
Utility
to
Oct.
distribute
Standard
of
•
1940
$5,529,447
4,875,938
*
sell.
for
Profit
,
taxes
development costs..—
stockholders
gas
Public
expected
are
on
the
of
179,582
'
.
—/
taxes..
Total
authorized the listing of 2,728,359
official notice of issuance to
193,713
1941
1942
$5,504,146
.Sttles_7....;.:_._.
expenses
Prov.
.
in-
of
Admin.,
2,002,987'
'
.
5
264,702
...
income
income
-
other
gas
(estimatedt
Company Act of 1935.
about
of
limited-term
4,031.210
.
.
Amortization
4,035,956
Net* sales
Cost
-[
■
stock--
common
.
4,667,958
upon
divestment
of
Co.
$15)
(par
3,940.716
deplelion of producing nat•V.ural
gas
land
and
land rights
increase
an
2--.
Amortization
2,127
4,004
2,424
in-
excess
1943
Depreciation
|
2,373'
.
42,730
Federal
and
taxes'
June 30,'43
1,5691
I
dis¬
or
Co.
for
,7 come
(33,750)
exps—(
sales
on
mantlements of props.
Loss
on
the
Superior
$49,882,550 $53,701-,177.$56,575,905 $34,483,925
25,215,130
28.421.935
29.551,512
15,381,765
2,136,590
2,251,910
2,499,043
' 1,480*267
—
expenses
'■•
19,140,770
depreciation—,
Profit
7
6 Mos. End.
1942
1943—12 Mos.—1942
14,757,619
.
and
Maintenance
1529.
The New York Stock Exchange has
668.
14,500,591
subsidiary
gas
.
revenues.....
Total'/!_//—,//_
Consolidated Natural Gas Co.—Listing of Capital Stk.
shares
been
p.
(& Subs.)—Earnings-
1943—9 Mos.—1942
expenses ,7
companies.
gas
Dec.
Sept. 30—
sales-
Admin.,
subsidiary, companies,
natural
Ended
1940
com-
sales
gas
Net
(Standard
has
Williams, resigned.—V. 158,
of
Prov.
sales.—/ $31,256,622 $31,052,498 $33,780,618 $21,309,077
sales.;...
12,447,134
16,607,679
18,127,329
10,426,595.
gas
Operating
The company on Oct. 20 announced that System output of electricity
(electricity generated and purchased)
for the week ended Oct;
17,
1943, amounting to 223,700,000-kwh., compared with 164,100,000 kwh.
for the corresponding week of 1942,
an
increase of 36.35).
Local
distribution of electricity amounted to 202,800,000 kwh., compared with
147,000,000
charge of manufacturing,
M.
sales_-_„:——$16,546,572 $17,610,901 $21,801,553 $23,801,414
f>f
.thares to Julius Lichtenstein,
in
G.
Cost
(b)J
account
Years
operating
,
major portion
a
in
income
Operating Revenues;
,
Corp.—Options Exercised—
Oct.
on
succeed
Net
(Company and Subs.)
Natural Gas
*
Industrial
Consolidated Cigar
The
indicated
Residential
'i
.
basis
Consolidated
Combined
'
Sept.
$148,508;
387.
p.
Vice-President
director to
Allotment
and
accounts
the
on
$128,552
$421,466
profit
Perelle,
a
Period
Manufacturers
as
combined
on
income of
net
$159,263
inventory
months
Kept. 30,
—V.
for
prov.
included
6,258
6,391
2,810
tax^s
Note—Charges
.
Continental Steel Corp.
companies which would have resulted from additional Federal taxes 011
income,
its
own
operating
expenses
and
profit
from
sale
of
natural gas gasoline made
by an affiliate, ;if Consolidated Natural Gas
Co. had existed and possessed its subsidiaries
during the three years and
six months ending June 30.
1943; and
(c.i
estimate of consolidated
ob-
sol., oper. of dwellings, etc._:
481,781
-
showing (a) combined income account,. after elimination
of intercompany items and
profits, of the five natural gas subsidiary
companies acquired from Standard Oil Co. (New Jersey); (b) estimate
in-
^Bond discount and expense.—5,816
.46
of
Consolidated
—!L/i/!_./.L/
notes
elected
I Statement
cumul.
cumul.
does
V
•'
come
^
.
.
served
by natural* gas
Light and Heat; Co., which have-,
supply and acquire only af .portion of their, total
gas supplies from applicant's subsidiaries!/ ' •
'
J
natural
311.329
—
—
597
sources
other
1
-
...
companies,' such
$222,638
before
"This
1,233,993
exp.
deductions
:
Consolidated-VuUee Aircraft Corp.—-New Director—
■
York—_
Total
;
applic. to non-oper. periods, etc.
(less miscell. income)317,860
The
158,
1930.—V,
1,
$1,743,604
on
—...
& admin, exp.,
gen.
New
1941
1942
$1,775,040
this year.
1,
April
-
•
9 Mos. Ended
Gross
Oct.
on
The
called.—V. 158, p. 1439.
80,459
,
and
made,
was
which
*
1,180,928
"
Consolidated Cement
No.
1,973,368 '
597
-
.
July 1
1,
issue,
15-ycar convertible &'/c: income .debentures, due Aug.: 27, 1953,
were suspended Oct.
5, were reinstated to dealings at the open¬
ing of business Oct. 8, the New York Curb Exchange announced.
Sirtce
part of the issue has bee/n called for redemption with conversion privi¬
leges, transactions are confined to such debentures as have not been
.
Population
126,529
104
24tS
-
Pennsylvania
April
on
-this
011
Consolidated Textile Co., Inc.—Debentures Reinstated
!
;
Wholesale*'
.
made
were
payment
1529.
p.
) Commun. Served,
.
each
cents
popula¬
'
Est.
Ltd.—Special Distribution—^
A special dividend ol $1
per share has been declared 011 the common
stock, payable Nov. 1 to holders of record Oct. 25.
Distributions of 25
subsidiaries,
Population
Natural
14, 1943, amounted to 247,with 216,776,170 for the corresponding week in
increase of 30,525,500 or 14.08%.—V. 158 ,p. 1529.
an
Consolidated Steel Corp.,
//;•!/
previous
the
and
(
territory] served for the week ended Oct.
1942,
distri¬
stockholders.
Retail
kilowatt hour output of electric energy of subsidiaries
corporation adjusted to show general business conditions oi
as
and
General
Counsel; E. E. DuVall, New York, Secy.; F. H.
Lerch, Jr., New York, Dir. and President; Carl N. Osborne, Cleveland,
Dir.; J. French Robinson, Cleveland, Dir.;-Loring L. Tonkin, Clarksburg,
W. Va., Dir.; V/. P.
Witherow, Pittsburgh, Pa., Dir.—V, 158, p. 1529.
-
(
weekly
this
of
of-the
.Dir.
Exchange Commission issued
order approving the proposed
exchange of stock, thus authorizing
issuance of the capital stock to Standard.
Commonwealth & Southern Corp.—Weekly Output—
501,670
Borger,
and
Commun. Served,
The
Monday, October 25, 1943
will be enlarged to nine and will consist of the following: Edward M.
Pittsburgh, Pa., Dir.; James Comerford, New York, Die; and
Treas.; C. W. Cooper, New York,' Vice-Pres.-and Asst. Secy.; John M.
Crawford, Parkersburg, W. Va.,-Dir.; William A-. Dougherty, New York,'
-'
"-.v-'/•'••■'h-."1
duly amended, the application to the SEC proposed that company
issue its 2,728,359. shares of
capital stock to Standard in exchange
for the stock of these five
operating gas companies.
'Upon Aug. 28, 1943, Standard Oil Co. (New Jersey)
having registered
as a holding
company, filed a plan pursuant to Section 11 (e) of the
Public
Utility Holding Company Act of 1935 lor approval.-of the
proposed exchange of applicant's capital stock for the stock of the
As
$24,118,238
contingencies,
value
Corp. to those of the four utilities named
above.
depreciation, road and equipment, $22,(22,899 m
in
1942;- accrued
depreciation, miscellaneous
accrued
and
1943
New York State Natural Gas
dividend of $1
on
the
New
a.
York
share and also
Stock
a
year-end
apply for-listing both classes
Exchange. ,
common
of
stock
;
Volume
"As
:
.
the
to
renegotiation
directors
Board
Number 4223
158
of
that
state
the
reported
Navy
for
of
Government
the
would
1942,
but
THE COMMERCIAL 8c FINANCIAL CHRONICLE
refund
leave
would
proposed
from
$1,170,000 to $375,274."
Distributions'of
50
cents
each
net
the
and
stock
made
was
May
on
Nov.
on
Jan.
on
Coos Bay
last,
1,
1941.
1,
1,
of
the
on
Nov.
value,
disposal
assets
tariffs
of
1943—3 Mos.—1942
extent
which
"
.990
19,379
15,435
Drl,947
crease
Total
.
Prov.
income
$250,091
Oregon
$193,014
$665,544
Dr20,026
G/T.076
Dr62,913
expenses
Fed.
for
$044,282
excise
■
87,629
the
Net
ALA/
profit
Earns,
'
$143,978
$100,402
$355,415
$301,039
$2.27
$1.08
$5.00
$5.69
outstdg. shr.
per
decreed
reductions
movement
States,
the
of
sole
sugar
UdtdUiL
as
a
last
resulting
almost
of
year
of
$2,319,788.
more
maintenance
costs.
The
that
double
increase
year.
A
of
last
cost
Due
of
decree
April 24.
on
1943,
felt
were
only
to
Rents
Due
in
Sheet,
Sept.
'
Assets—
•
Cash
''
,
_
//
_
Accounts
and
notes
receivable
1943
1942
$250,713
:
(lessreserve)-—
$211,302
319,280
Inventories
" 74,458
Timber and lands (less
Oper,
depletion)-/—3,968,4*70
equip, (cost less deprecj;,>...2,501,489
plants and
Non-operating equipment
Deferred charges
37,504
full
$7,033,258
$48,630
$37,421
116.187
15,100
33,389
14,491
Social security
for
'.(Capital
Federal
„
...
—
2,721
Surplus
Total
__
12,532
243,261
$7,033,258
Dant,
Atlantic
and
timber
the
the
properties,
Steamship Co.,
the
158, p. 1529.
States-Steamship Co.,
Quaker Line, and
California
'
-
'
of
Co.
Line..
ment
final dividend of
a
equity proceedings,
forwarding
upon
one-thousandths of
115
and
their
that holders
certificates
may
the
to
Via
has
receive
special
by
such
molasses
traffic
demand.
The
two
of
Cuban
of
the
their
as
consolidated
a
consolidated
the
to
fiscal
Funded
ended
year
condonation
mortgage
bonds
is
law,
June
$107,000
of
30,
and
the
cancelled
first
its
Deposit.
1943,
such
$413,000
mortgage
bonds
following
posit at, the
pay¬
bonds
close
of
business
Years
Ended
Ry.
June
operating
Ry.
operating
Net
Ry.
from
revenue
Rv.
^
Sept.
30,
1,440.850
$446,750
operating
income
the
Net
Other
■;
$535,382
$681,131
Net
•
'(v
.
-
deductions
income./?---'-'/-''-
from
available
for
'
56,450
fixed
debt,
charges————
contingent
$522,939
Consolidated
Sheet,
June
30
'
Investment in
road
and
Procedure
first
for
Special deposits
Loans
•
Due
from
int.enden.ts,
Due
,
term,
receivable--
Cuba
affiliated—^—.
Consolidated Railroads of Cuba,
/„•■
affil.
companies have
of
the
oi
-.Liabilities—
Capital
/' /-■
■
stock
48,432
119
($100
Traffic
and
Audited
Miscellaneous
Interest
by
80,379
and
balances
wages
accounts
Unmatured
accrued
"■
debt;,matured
i within 1. year—
Sundry accruals.—'—Deferred
141,771
within 1 year
and
017,533
maturing
61,259'
10.578
loss
40,950
55,972-
9,188,387'
Total
$31,071,180 $48,970,177
"
'"Less
reserve
of
$27,581 in 1943 and $25,291 in 1942.—V. 157,
.
Cuba
Railroad
—
"
..
amounted
year.
and
to
revenues
for
$11,720,710,-exceeding by
the year ended June 30, 1943,
$4,934,305 the figures for last
The; excess included
an
increase of
an increase of $3,264,562. in freight
$1,017,282 in passenger-revenue.
.Although approximately the
the
-r- v
increase
in
freight
tonnage was carried
was due principally to a
same
revenue
haul.
Circumstances arising out oh the war placed
large part of freight traffic in the hands of governmental
age
as
longer
control
by
Consolidated
with
and
aver,
of
dividends
of
1942.—V.
157,/
-
This
the
on
action
is.
preferred
result
a
stock
01a
directorate the term of each present director
and common stockholders will expire.
Tho
1345.
p.
Oct/14 authorized
on
class
Oct/23.
March 31,
on
E.
A
dividend
a
stock,
similar
A
June 30 and Aug.
of
$1,
par
50
31,
last,
cents
payable
distribution
while in
shara
per
Oct.
made
was
1942
30
to
this
on
payments
March 30 and June 30.
Elected—
II,
Harrison, manager of manufacturing for the International
Co., and a prominent figure in Middle Western industry,
Harrington, coordinator of planning, production and mate¬
J.
problems
Mr.
to
staff,
Vaughan.
the
of
but is
'Since
.
the
Mr.
.
Harrington will
corporation as
:
be located at the New York:
member of the executive manufacturincj'
a
temporarily assigned
the
increased
outbreak
its
of
World
production
of
said.-—V.
announcement
the
to
158,
Columbus
II
War
in. 1939,
equipment
aviation
factory.
the corporation
than
more
29
hay
times*
1241.
p.
Davison Chemical Corp.—No Refund to Govt.—
'
The
corporation reports no refund was necessary under renegotiation,
of contracts for the year ended June 30, 1942.—V. 108, p. 1345.
Deeca
the
two
is,
most
been
for
the
the
and
no
law
has
including
traffic'
for
Records, Inc.—Acquires Recording License—
railroad
Joint
competition,
use
of
needs
the
of
railroads
corporate
distribution
common
as
of
difficulty.
But
been
the
dis-'
and
under
handling of
sharing of super¬
the
consolidated
utilization
common
which
there
involved
/
be
and
readily
categories
-
the system.
sized .the
legal,
have
advisability
tax-and
of/such
practical
and
~
•
to
involved
have,
the
Studies
in
such
active
of
the
;
consideration
of
revenues_'_:____;____-__„.__.._r__
'
6,793,004
4,473,276
$4,927,652
$2,313,075
have
Co.
15.—V.
Oct.
12 Mos. Ended
Gross
$1,851,479
60,741
43,039
Net
ry.
Other
operating income—
$3,497,173
income
314,635
Normal
income
Miscellaneous
'/
Income
$3,811,808
deductions, from
income—_____
Fixed charges
Interest,
Net
on
funded, debt—contingent
income
of
_L__.:
interest
company
a
Gross
and
of
the Eastern Shore Public
the two concerns, effective
-
1943
58,669,988
2,910,000
charges____.
surtax.,
income
—10.860,.000
51,495,295
-
4,415,000
6,000,000)
$13,163,192 $13,891,813
income————-^;—58,200
152,314;
from
utility operations.
—$13,221,393 $14,044,127
income
corporate
1942
utility operations-..--$85,603,181 $75,802,103
tax.,
on
Interest
charged
and
to
unfunded debt—4,883,190
4,922,480
Cr90,433
Crl03,734'
$8,428,635
funded
Interest
$8,998,264
construction-—.—-^-----
Amortization of debt discount
Net
and expense...—
227,103
.
income
Oct.
on
accompanying the current dividend
lished:
stated in part
15
."Since
A
and
,174,294
246,8(54
~
434,355
$1,336,014
Sept.
30.
kilowatt
1943, we
hours.
B00 kilowatts.
"'During
checks, A. C. Marshall
t
,
.
load were estab¬
recorded 011 July
reached an all-time high daily output^
Our total rated generating capacity iy
the
*
latter
part
of September,
No.
12 Boiler at Marysville
completed and pat into service.
This boiler will provide steani
maintain full output from the new 75,000 kilowatt turbine anrl
was
to
$2,191,527.
$2,017,232
011
follows:
15
new
17.109,000
as
1943, new records of output and
peak loaw of 934,900 kilowatts was
July
of
of
$3,485,757
413,329
merger
Sept. 30—
miscellaneous
Other
the
326,052
$2,832,902
v
.;'■
this
1345.
p.
and
profits
Balance,
$1,894,518.297,008
239,465
available for fixed charges——
for Bids—
40,000 shares of preferred stock, cumulative
by the company, at its office, 600 Market
to 12 o'clock noon EWT, on Oct. 25, 1943/
of
up
maintenance
and
tax
Excess
provide
plant
"The
a
in
source
of
steam
for^ turbines
in
the old section of
full plant output is requiied.
Public Service Commission, which
case-
Michigan
was
conducting
of the company's -rates - at the request .of the City
orders in July, 1943, dismissing the city s petition
rates but reserving jurisdiction to /eopen the mattei
o.r
investigation
an
Total
Co.—Invitation
issue of $15,000,000 first mortgage and,
due Oct. 1, 1973, and bids for thai
Series
approved
from
earnings
Operating
1
operating-income-'—$3,430,432
rents;.—
1439.
received
158,
"9
railway .operations:-—
mean*
companies
p.
Detroit Edison Co. (& Subs.)—Earnings—
.461,596
Ry.
Light
an
3r/o
issue
an
stockholders
The
Service
$6,786,351
from
these
158,
Establishes New Record—
1942
$11.720,716
Net revenue
of
the
•
Net
bonds
will be
In a letter
operating, expenses/::?.
Ry.
>
•
Account
1943
This
records.
patents
immediate use.—-V
manifold
tqx''accruals——1,491,219
Ry.
1
'
Comparative Income
sound
recording
for
Merger Approved—
■
consolidation,
a
counsel.
:
Years Elided June 30—
)By; /operating
&
purchase of
trust
$1001
(par
traffic.
common
recently prevailing have empha¬
consolidation.
problems
had,, and will continue
make
to
sound
-
The. abnormal .conditions
management
Co.
Deeca
St., Wilmington, Del.,
in
measured
of
licensed
while
problems
expenses
can
are
system,
been
the
practical
many
has
it
Inc., and all other Decca sub¬
American Telephone & Telegraph)
patents of
of
to
Power
the
for
purchase of
the
and
facilities, and
system.
has
Bids
collateral
interests
the
a
entities,
expenses
in
available
Delaware
been
companies
under
Electric
number
vast
a
that
20
Broadcasting System,
Western
made
are
Oct.
011
and
have
best
World
announced
companies
and
that
of
The
has
itself,
Co.
shall
route,
corporation
sidiary
the
Cuba,
the
obtaining
lor
as
railroads
economical
resulted
the
in
companies
employed
to
consolidating
the
of
known
properties,
Railroads
a
agencies,
new
preferred
directors
offices
controlling,
pursuant
railroads
that
and
The
*"
war
the
by
The
.
year,
letter to stockholders.
a
arrearages
asJ
issues
.
revenue
last
in
will be. returned to the common stock¬
in Portland, Me., Nov. 12, it was an¬
.
also
<
railway operating
various
Railways.
.
Brown,
$136,626
for
the
Lockheed Aircraft Corp.,
have been elected
of Curtiss-Wright Corp., it was announced on Oct. 14
by G. W. Vaughan, President.
Mr. Harrison, for the present,
will make ins headquarters at; tha
CurtissrWright warplane plant at Columbus, O. and will be in com¬
plete charge of operations for the corporation at that point, according
of
adjustment affecting common expenses and traffic was ;
circumstances prevailing in the fiscal year ended
V';-/
'
It. has long been felt' advisable to
simplify the corporate structure
and'to bring- about a
physical consolidation of the properties forming»
'*
Annual Report—Wilfred J.
President, states:
■''Total
*;'*•
p. 2247.
board
an
■
____________
and
Vice-Presidents
Railways
provides
of
1943.
30,
''
.
the
on
the
by ;-the
8,672,614
.account—..—!—Dr?,291,343."
with
dictated
1,444
credits8.511,132:
Profit
of
present
previously,
u-7.475
2,044
but
which.cannot be measured by use.
It has been the practice
such common
expenses in
the proportion of two-thirds for
company and one-third for Cuba Northern
Railways, which was
basis 1 upon
which
the
consolidation
was
effected..
As
stated
)■:
40,020
j
Co.t/___:—,
Unadjusted
.
716,105
-.
..:::t ;
.
liabilities
and
78,045
324,000
.
Cuba' Railroad
The
44,027
•
other
separate
J-une
0,907
298,948
liability
1943,
share
the
v
30.032
93,216
interest
tax
long-term
to
5,707
79,995
;
payable-^-!.1:—;-'-'—33,681''
debt.matured and malar,
Qther
Due
payable______
30,
expenses
554,668
payable—___'Ai-'z
the
expenses
use
this
14,000,000
15,188,280
503,759
matured
-/Accrued
Funded
service
cor
accounts
from;
connection
Direct
5,705
14,024,145
net balance--.
meeting
in
16
record
rial
93.2
whole.% The operation of the
consolidation
privileges,
operation
preserving
4,401
par)__—14,000,000
Cuba,
free
The
/■;//_
/•C .i-'
the Government of
to
railroad
a
and: accounting, the
equipment to serve best
138,939
$31,071,186 $48,970,177
debt.
Long-term
Due
//..A///-_',A-
as
expensive
vision
to
A-i../-—/A/
Total
:
system
traffic
20,078.
,
943,000
service
system,
-least
the
advantages, and
74,398
Oct.
non-cumulative
and
-.
94.5
consolidation
properties
consolidated
a
which
public
the
141
debits
1923,
by
Cuban
116
176,198
1943
"
1
Frank
84.3
3,104,900
accordance
physical
The
-
acquired
in
iacilitios-of
4,572
assets
Unadjusted
as
tributed
13.871
5,110
receivable.-?.'/
Co.,
operated
?
—
the
obligatory.
26,354
100,914
RR.
be
207,638
super-
special
a
on
of SI. each were made on
38.9 or 70.7"
Northern
Northern
were
Oct.-.9,
that
19,180
:
supplies
dividends
The
from
from
Deferred
receivable
and
hot
-.114,018
12,061
accounts
and
and
Due
conductors
net
Miscellaneous
•■(Materials
.Interest
service balances
at
Harvester
Bonds
Outstanding
3.373,000
period
Cuba
Cuba
corporation,
dated
22,423
receivable-_„-I/T/„^
car
ugents,
in
company
the election of a
issue
due July
1,
1952, extended to
equipment 5rio
bonds, due May 1,
1943;
first lien
and
refunding 7la(;>
194b, extended to Aug. 31,
1943; and
the. operation-of
provides
172.782
'
bills
and
Traffic and
/
law
regulating
law
812,989
88,893
Cuban
a
Cuban
,
1942
983,490':/ 1,724,944
J
5,486,683
,
this
of
of
bonds,
1,
$204,581
$2
.
cpmpany
and of
of both companies
Cuba,
.
808,535
Cash
Segregated cash
Dec.
of
the
De¬
'
company is part of the consolidated railroad system;
Consolidated-Railroads of Cuba, which consists of the
the
stocks
equipment/:-:://-/-/--- $28,536,308 $45,772,249v
investments
due
.
653,302
3,300,000
-
account——3,718,008
holders
and
31,
16,955,073
branch-—653,302
Curtiss-Wright Corp.—50-Cent Class A Dividend—
refunding 6Co bonds, series B, due Dec. 1, 1946, extended
'
I /V
1943.
16,235,904
—
clearing of
The
deposited
The
the
of
311,253
1943
Dec.
..
June
on
such
5(«
Consolidation/with
$264,461
;
to
A,
and
Aug; 31,
extend
improvement
24,300.
73,660
'
181,554
284,503
$76,055
Balance
series
first lien
.§757,209
•
102.381
-/
interest
Deposit expired
to
184,084
71,837
•„
Rys._—176,198
—^,--1.,—65,543
Thompson, Treasurer.—V. 158,
on
$5,302,000'
___:
mortgage
1944;
extended
22,135
•
i.-—//
'
Assets—
Other
-
$779,404
\
funded
on
income
.■
I960,
bonds,
98,274
.>
$579,389
First
31,
to
i—-fL
charges
Interest
■
44,007
follows:
Jan;
.
Income
Fixed
'
Procedure for
Cuba
present membership, all seeking reelection, is made up of E. A. Cudahy,
President; F. E. Wilhelm, First Vice-President; William Diesing, F. W.
Hoffman, L. C. Steele, and A. F. Perrin, Vice-Presidents, and P. B,
(/of total
equipment bonds____.__,
refunding bonds,-series A.._'_
refunding bonds, series B..
directors-resolved
87,647
I-/—-
income
Miscellaneous
>
!
/
income
Total
•>'
operating income-...://'
ry.
the
of
elected
Principal
and
and
259,715
1
■
9.
On
"If $6,134,000
of bonds believed
to
be
held, in
enemy
occupied.
Europe were excluded from the total bonds outstanding, the bonds
deposited would represent 70.7of the remainder.
■'•'.J The period during \Vhich bonds could be accepted for deposit under
$593,484
203,592
,
-
62,459
$331,790
—_____
.rents
<■
$655,943
114,960
loss
control
the
Oct.
1943:
(,
bonds-^
First lien and
v
$2,096,793
1,771,480
operations,.-----/-/.?-
ry.
1942
„
First lien
1,468,494
to
Original
"
\
mortgage
Improvement
/
$2,218,230
~
_
accruals..—.——-/_
tax
Net
.-//'/V:1943
30—
revenues__.__V-----/iT——•
i /?•_
//_■//
ex pen ses_
i-'
First
Rys.—Earnings—
(Including Compania de Fomento du Puerto Tarafa)
/
Railroads
Two New Vice-Presidents
under
"
'
436,880
1,606,710
yr.
$78,760,409 $77,149,647-
holders
of
'
for
maturing within 1
'
deposited
were
515,207
1,589.478
and
—
reserve
nounced
bonds
its
349,987
accrued.^.,,—490,221
credits
and
Full
acquired
of
178,966
312,800
594,641
Cudahy Packing: Co.—Common Stockholders to Regain
-
.
company
/_:■_ --'
2447.
Procedure for Deposit
The
u
19.800,000
20,710,183
to
pursuant
,
$77,149,647
$10,000,000 $10,000,000
Voting Control—
later.
as
par)
liabilities
"Less
unusual
"continues
reported
($100
Total
p.
Debt
agreements
Procedure for
and
pa id
un
Northern
Profit
nor¬
recommenda¬
system
railroad
as
97,737
312,620
.n
liability..--.
Unadjusted
adjustments aggregating $314,expenses and traffic, incidental to the
management,
.
under the
156, p. 343.
Cuba Northern
Cuba
authorized
.companies
the
,
On
company.
stock
accruals
Deferred
Railways of Havana,
and
the
Railways Co. was fully employed by
unusual
97,217
293,036
$78,760,409
—
!
_
preferred
interest
tax
Consolidated
contin-
which
55,972
•
property—Trinidad
Appropriated surplus
business
1,415,593
Due to affiliated companies:
in
Amount
endorsement,—V.
matured
/ Sundry
bonds.
The
Cuba
—
non-cumulative
Accrued
Railways Co.
,
de¬
master
of
interest
of
—
Funded debt matured
United
the
meet
of directors
consideration
pursuant
been
certificates.
may
Carles, special master in chancery handling the cases of".
Utility Investments, Inc., and Corporation Securities of Chi¬
has notified holders of Corporation Securities certificates of de¬
in
issues
purpose .with respect to' undeposited bonds, when and
be deposited under the Procedure for Deposit.
V
Garfield
posit that
and
sugar
Northern
to
;
Corporation Securities Co.—Final Distribution—
clared
all
307
(neti_1,777.496
Rys.-_..vv_::—'•
Northern
debits
Unmatured
in
at
issuance
for
199,884
307
—
Interest
During the period from June 30, 1940, to June 30, 1943, the
company
devoted $1,013,969 to amortization of the
principal of bonds deposited
under the Procedure for
-Deposit and set aside $863,594 for the same
Pacific-
Eastern
*
plan
of-contingent
Northern
the officers of the
the
-
inundate
During
cago,
Cuba
The distribution of common
have
& Russell is one of the nation's largest lumber
exporters
the largest shipowners on the West
Coast, it was stated.
/
Russell, Inc., are said to control, in addition to their extensive
waterfront
In.su 11
Cuba
the board
operation
of
Dant &
—V.
of
Railroad
381.
this company has been acquired by Charles
Russell, Inc., San Francisco, Calif., and his asso¬
of Dant &
served
are
Dant-
one
\r'»
111,853
927,21!)
Common stock 1700,000 shares, 110 par)——
19,800,000
Long-term debt,19,571.320
Audited accounts and wages payable
427,820
Miscellaneous accounts payable
/
199,711
have been handled by Cuba Northern
Railways Co., pur¬
contracts with shippers, was diverted to the lines of
the com¬
shipment to ports and places in the western provinces of
which
tion,
controlling interest in
and
with
conditions,
war
.continuously by
New Stock Control—
ciates.
of
150.645
receivable
Total
increase in the company's traffic
also disturbed the equity of the
existing arrangements between the two companies for sharing
propor¬
tionately indirect expenses for the reason-that Cuba Northern
Railways
Co. did not experience a
corresponding increase in its traffic.
This
/situation, which became evident early in the fiscal year, was studied
deducting $320,080 in 1943 and $313,220 in 1942 U. S. Treas¬
notes, tax series.V (Represented by 63,500 shares, no par/.
A
E.
for
Cuba
After
ury
to
pany
174,761
$7,334,129-
___
the
suant
6,350,000
—
the
full 'on
in
payment
rate
(net,)
Donated
Adjustments
equipment
46,545
683,987
(due 1943 to 19541.
property taxes
the
terminal
receivable-..../—102,217
supplies.——1,268,330
from Cuba
O'o
Contingent- interest,
issuing participating
____
_
6,350,000
___
stock
! Accrued
to
Cuba
10,995
taxes
earned
was
authorized
of
at
laws.
234,63b
accounts
and
mally would
(15,706
wages
income
lieu
calculated
in accordance with
certificates,
in
is
moratoria
annum,
______
//// //■_'•
_
'-Reserve
cash
Due
-n
100,662
__
Oregon excise and Caliiy franchise
capital stock tax_
taxes I
Income taxes withheld from
in
debt
Cuban
directors
of
•
„
per
participation
board
funded
the
94,506
430,816
receivable..,— ..'
and
289,824
129,629
;
/ Liabilities—
.gent interest-accrual with respect to all outstanding bonds is distribut¬
able only on bonds deposited under the
procedure for deposit,
for
taxes,
*
of
5
_
Reserve
2''»
of
rate
The
133,533
$7,334,129
Liabilities—
payrolls
'Accounts payable, etc.—
Accrued property taxes.-//.—
with
the
2,341,682
45,633
Total
accordance
3.949,880
:—
J.—..-.—_—_
,
Accrued
Fixed'1'interest*on
284,900
! 248,545
'
balances
conductors
agents,
Unadjusted
fuel
the year ended June 30, 1943.
Railway operating expenses, as reported, give effect to an adjustment
favor of Cuba Northern Railways Co. in the amount of
$170,706.
A new general tax law was adopted
by the Government of Cuba on
April 7, 1943.
Under this law, many new taxes have been established
and rates of existing taxes have been increased.
'
service
ear
from Government
Deferred assets
extent in
30
receivable..;.,/
Due
in
Comparative Balance
and
from
"Materials
limited
a
938,140
307,061
bills
Miscellaneous
June, 1942, contributed materially
substantial wage increases granted
Further
expenses.
and
Traffic
increase
wage
2,853,094
1,312.211
deposits
Loans
personnel and the use of
in
expenses was
reflected
increase
and
The
2i489i924
2,619,692
Special
adjustment
an
867,127,722
Segregated- cash
-
Co. in the amount of $143,015.
were $6,793,064. ' This was an
in¬
expenses
for
to
1942
$64,380,101
equipment.
Cash
1
passenger
superintendents
reported, give effect
»)U
1943
and
Other investments
temporary duration.
as
(PUIIL*
5.885,050
Investments—road
buyer of the
to * a limited
in
DUCCV,
Assets--
In
governmental decree in
by governmental
v
United
employment
The
was
increased
to
276,509'
247,216
1943,
to
in transportation
year
imposed by
1
80,086
.......
the
revenues,
figures
materials.
this
oil
Cal.
&
taxes
of .but
operating
required
principally
Dr6,733-
income,
•
franchise
with
21,
abnormal
Northern Railways
the
over
more
■
Cuba
railway
business
Non-operating
be
can
of
l'avor
Total
■
the
principally
Railway operating
in
$028,847
of
...
April
on
to
the recovery of traffic which moved
over
the highways before the lack of motor
transportation developed.
It; is noted that both the increase in
freight revenue and the increase
in passenger revenue resulted, in large
measure, from abnormal situa¬
tions
$667,491
cooperation
was'due
revenue
1943—9 Mos.—1942 '
$173,035
Cuba,
applicable
crop.
The effect of this decree was felt only
in the year ended June 30,
1943.
The increase
sugar
1942,
cents,,
Lumber Co.-LQuarterly Report—
.$249,101
rail
28,
par
of
Government
the
50
no
2 and Dec.
also/one of
previous payment,
1931.—V. 158, p. 1241.
Period Ended Sept. 30—
from operations..1
from
1,
The
$820,011
of
contingencies-
measure
The
Profit
Profit
made
were
May
for
,<■
■
on
earnings
reserve
...
common
completed in 1942,
the Price Adjustment
by
unchanged
reduce
1635
which directed, the movement of the traffic to suit the export
shipping
conditions existing at Cuban ports from time to time
during the year.
contracts
Detroit, -issued
for
lowered
(to Oct. 26, 19421 the effect, oj,
the Commission because of . any
reduction in federal taxes for the year 1943,
The City of Detroit and certain interveners have started appeal pro¬
ceedings' in the Michigan courts against the Commission's orders.
"On Sept
21 the directors elected two new Vice-Presidents, Paul
the'purpose of making retroactive
order which may be issued by
any
exemption
from
or
mmm
THE COMMERCIAL & FINANCIAL CHRONICLE
1636
W.
Thompson and Angus D. McLay. Mr. Thompson has been-employed
the company since 1913 and has been Chief Engineer of Power
1931.
He will be Vice-President in charge of Engineering.
Mr. McLay has been employed by
the company since 1914 and has
been Sales Manager since 1938. He will be in charge of the company s
dealings with customers, and will continue as Sales Manager. —
v.. 158, p. 1241..'.
Earnings of Company Only
by
Period Ended Aug. 31—
Plants since
Gross
Fed.
income
Other
Int.
(Del.)-—To Redeem Deben¬
Industries, Inc.
than
taxes
Prov.
$3,670,825
8,000
*Cr4,996
19,586
Mr.
r'
5,976
-.1
4,825
4,747
:•
152,504
103,139
492,624
378,302
373,896
389,299
1,515,632
,565,773
10,400
70,600
64,287
for Fed. inc.
taxes
Robert
Jarvis
^
N. Y. "-r"
Guthrie
R,
Guthrie,
is
is
directors
The
Oct.
on
called
15
for
payment
Dec.
on
1,
the
1943,
Income
XX Net
outstanding balance of $739,500 of 10-year 4%.% debentures at 102,
plus accrued interest to that date.
v.■ ;//V/X
'
The board
declared the regular quarterly dividend upon its pre¬
ferred stock payable Nov.
1, 1943, to stockholders of record at the
close of business Oct. 26, 1943.
Although the regular dividend is 50
V cents
per share,
this dividend, being the first to be declared since
the recent merger, covers only the fractional period since the merger
; and,
consequently, amounts to 33 % cents.
This represents the 60th
consecutive quarterly dividend paid by this company or its subsidiaries
upon this stock as constituted from time to time, and represents the
first dividend upon
the preferred stock of the merged company.
At the same time, an initial dividend of 12% cents per share on
the common stocks of the merged company was declared payable on
Nov. 1, 1943, to stockholders of record Oct. 26, 1943.—V. 158, p. 1033.
—V.
after
stock
158, p.
$228,122
——
credit
capital
tax
adjustment
applicable
$170,403
pf
$16,667
the
to
8
$1,577,379
Court
for
the
ceedings.
ended
for
Aug.
Federal
31, 11942.
1530.
directors
the
on
Nov.
common
13.
Oct.
on
stock,
Similar
15
$25,
par
dividend
a
payable
distributions
Sept. 1, last. In addition,
on Jan,
15 of this year.
X
declared
Nov:
made
were
of
24
25
cents
holders
to
March
on
1,
of
record
June
1
and
surance
Disbursements during 1942 were as follows: Jan.
15, $1, and March 2,
1, Sept. 1 and Nov. 25, 25 cents each.—V.. 157, p. 1843.
Eastern
Mr. Jarvis is
Chemical
Co.—To
The company
is calling a
holders to be held at Midland,
Create New
Preferred
Stock
The
special
Oct.
on
with
$4
a
by
18,
dividend
rate,
according
to
an
announce^
Third
Dr. Willard H.
Dow, President. -X;
It is now planned that in the near
future, out of the 600,000 shares
to be authorized, 60,000 shares of the $4 cumulative
preferred stock
will be offered in exchange, share for
share, for the outstanding 5%
preferred stock, and 249,741 shares will be offered for subscription
pro rata to the holders of the common stock on the basis of one share
of $4 cumulative
held.
Any
of
cumulative
1944, at $105
The
5%
preferred
stock
shares
of
be
$4
not
called
accrued
are
the
District
preferred
expected
to
stock
be
to
be
of the creation
purpose
provide
this
at
company
the
company
either
needs,
during
time
with
the
of
the
with
working
medium for
financing
a
present
emergency
or
capital
expected
and
Also,
of
company
the
peace.
required to enable it to participate in the develop-'
will take place in the chemical industry.
gross sales of
the company and its subsidiaries have
Consolidated
the
of
ment
June
cents
per
25
9,
1943
holders
to
stock,
common
share
record
on
that
made
was
stock dividend
a
of
Delaware
of
8,900
date.—V.
April
on
shares
157,
A
15,
was
cash
last,
For
the
ating
Power
& Light Co.
above.—V
158,
week
ended Oct.
companies
tional
of
Power
Power
on
:'X-K
574.
&
&
Light
Light
were
as
14,
Ebasco
Inc.,
which
to
was
■
Co.,. Electric Power
Co.,
as
&
American
Corp. and Na¬
corresponding week
-—Thousands' of Kilowatt-Hours—
T'I.-1.X.
"Y-.'1;; —-Increase-—"
Power &
Electric Power &
1943
1942
Amount
163,911
Light Co.190,796
Light Corp./
107,111
National Power & Light Co.__
26,885
figures do not include the
panies not appearing in both periods.—V.
70
16.4
88,396
18,715
21.2
89,625
101,988
above
12,363
1943,
preliminary
158,
p.
statement
for
the
nine
property
Caldwell
approved
$1.91
of
inputs
of
1530.
any
com¬
XXX'
months
ended
June
the
The
company's fiscal year has been changed to end June 30 instead
of Sept. 30 to coincide with the
closing date of the accounting period
of operating companies and
English subsidiaries.—V. 157, p. 131.
1943—3 MOS.—1942
1943- -12 Mos.—1942
Subsidiaries:
__X/ 36,242,236
xXXXXX
12,568,483
33,528,391 147,148,775 138,356,731
11,526,617
49,291,380
45,740,890
XxX-—X
1,954,746
1,804,850
—X—X~
taxes :_XXX;X.„.'
5,297,584
3,401,850
Federal
Other
taxes
Prov. for deferred main¬
tenance reserve XXX
■
sales
for
"In
the
of
Mr.
during the
oper.
Gross
Net
income
X__X—
Balance
"Pfd.
mit.
The
1943
divs.
to
33,269,832
32,511,374
362,935
and
in
but
Portion
applie.
interests
7,222,159
6,793,168
3,495,498
1—_
to
x
431,854
3,602,238
3,726,661
1,970,838
33,701,686
3,190,930
1,972,817
19,542,265
7,887,530
14,510,614
18,363,695
7,890,326
1.755,823
1,218,113
11,654,735
87,594
337,743
379,776
of
subs.—
Total
Fed.
Total
Other
and
1,685,876
1,130,519
11,316,992
347
10,093,593
312
815
621
11,317,807
10,094,214
8,000
tO'4,996
-Cash
19,586
492,624
1,515,632
1,565,773
10,400
70,600
64,287
earned
dividend
or
provision
ended
Aug. 31,
1,149,022
.
615,246
Federal
fNet
cleaners
to
credit
capital
after
stock
1942.
tax
adjustment
applicable
8,019,544
pcuuus
of
to
later
8
over-
months
is
Land
&
director
a
also,
of
The
gas
the
in
share
a
working
other-
among
&
Improvement
Connecting Co.
Steamship
and
The
of
Hudson
Commerce,
Hoboken
&
Man¬
p.
of
City
Commerce.—
/'
.■V.;,
-
Co.—Renegotiation Concluded—
report
to
company's
war
sales
Chamber
Jersey
■v;'-
;■
annual
The
The
stockholders
contracts
war
contracts
for
the
it
1942.
that
rene-"
been
initiated by he
those included in:
renegotiation has been
to
The
year
stated
was
had
referred
were
the Government has found that no
excessive profits
by the company from its war contracts in that
year.—
670.'-:'XX;:0XX%'--:;X
■
V-■:
X4,
Florida East Coast Ry.—Plan Back to ICC—
Federal Judge Louie W, Strum on Oct. 19
ordered the proposed plan
of reorganization of the
company sent back to the Interstate Commerce
Commission for further consideration in view of
changed conditions. /
Judge
Strum
said the court disapproved the
plan as inequitable,
because of the unallocated cash amounting to $17,795,the prospect of an increase to $18,715,808
by the
end of the
year, the plan does not afford due recognition to the
rights of security holders, especially
minority holders.—V. 158, p. 1440.
and held
that,
Oct
on
1,
with
Florida Portland Cement
Co.—Earnings—
.
Sept. 30—
-•:
1943
sales, less discounts and allowances
$2,792,549
Cost of goods sold, incl,
freight on shipments— ?%2,134,243
periods
Net profit
(less
1942
before prov.
cement
—V.
Nine
158, p.
1.948,046 ;
$658,306
to
etc.)—.
income,
$850,861
;
221,642
199,127
$436,664
for Federal taxes
$651,734
in the above profit and loss
inventory
months
$2,798,906
applie.
expense
misc.
Note—Charges included
finished
follows:
of
accounts
for
depreciation and depletion
Sept. 30, 1942, $127,916; 1943,
ended
in
and
were
as
$128,992.
983.
Foote Bros. Gear & Machine
Corp.—Dividends—
The
directors
the
on
Oct.
on
common
Jan. 5,
15-declared
dividend
a
of
25
cents
share
per
stock,
A similar
as
par $2, payable Jan. 15 to holders of record
distribution was made on this issue on
Aug. 1, last,
against 50 cents each on Feb. 1 and
May 1, 1943, and in each
quarter during 1942.
SXX'X: X:.
' 'X' .■■'■"■.■..'■..-"V
The directors also declared the usual
quarterly dividend of 15 cents
per share on the 60-cent cumu. conv.
preferred stock, no par value,
payable Nov. 1 to holders of record Oct. 20.—V.
158, p. 190.
dividends
paid."
been devoted
was
Fundamental Investors, Inc.—Report-
■
be
of
a
kind
that
will
tie
Net
assets
of
as
Sept.
30,
1943,
totaled
$9,523,196,
equal
to
$20,91
capital
stock.
June
30,
1943,
On
share and on Dec.
Income
Income
with
a
securities
share
net
on
assets
31, 1942, the net assets
valued
the
were
at
455.543
equal
were
market,
shares
to
of
$21.53
equal to $16,12
Account,
.■'Xx.'XV
Years
Ended
July
xvxxxxv,
•
.':XX—x-X.X~X-XX—V:-X
a
debt
3,759,685
832,075
29,428
22,109
39,710
5,590
:
capital assetsincome tax and surtax
______
*
est.--
$444,497
"No
provision
over
for
from
Note—Provision
profits
excess
prior
years.
;
taxes
necessary
..-X
.
because
of
in
Assets—Cash,
on
$669,159;
receivable
canceled
U. S.
(less
U.
Treasury
S.
of
reserve
for
reserves
$160,081;
total,
notes,
$30,000),
$401,482;
$784,383;
trade
unbilled
depreciation, of
to
$344,884),
stock
held
in
$604,441;
accounts
deferred
payable
and
$1,131,481; total, $4,237,398.—V.
treasury),
158,
Fidelity & Deposit Co. of Maryland—New ManagerAndrew
C.
N.
Soeder,
Y.
for
American Bonding
He
for
the
Co.,
succeeds
V.
156,
p.
lftst
the
above
ten
notified
9,. 1942,
of
first
the
Aug.
mortgage
declared
a
dividend
compared with 5 cents
1940.—V. 157, p. 1270. ,"-.X
15,
as
R.
received
Net sales billed
Costs,
of
10
cents
of
eaoh
on
June
X
per
share
record
on
Nov,
10,
1941,
I.'
on
and
v
4%
of
&
other
sales..
exps.
Inc.
frontXth.
Total
1942
assistant manager at
its running mate, the
the managership of that
who
Knowles
Co.
recently
resigned
of Gowanda,
N.
6CX certificates
independent protective
are
$226,371,523
1941
$831,390,183
474.017,608-
363,998,178
"Federal
income
and
$119,471,681
82,000:000
9,452,251
excess
profits taxes
;
Est. post-war tax refund
Post-war adjust. &
avail,
per
114,000,000
18,500,000
25,000X00
dividend
for
201,000,000
Crl8,500,000
conting.
$31,433,933
$30,710,49.9
$37,471 681
$1.09
$1.06
$1.30
share—-
"Based on law
Y.—
being
$169,710,499
net
in
effect
at
his
committee
$110,019,430
6,062,410
$163,279,730
6,430,769
$232,433,933
sources,,
Income
Profit
(formerly
an
1943
$1,199,904,042 $1,339,448,946
980,226,836
654,882,607
chgs.
753,855,313
491,602,877
(shipments)
Income from
tEarnings
Popham
E.
9 Mos. End. Sept. 30—
Orders
and
(N. Y. City)—Protective Committee-
formation
have
General Electric Co.—Earnings—
Radio
new
urements
by
the
radio
of
tOn 28,845,927.36 shares issued.
frequency capacitometer,
small
Specialty
Application
The
Sept. 30.
Frequency Capacitometer—
162.
of
.
X'::'
'X
April 24, last, and
Dec.
on
A
Holders
directors
years
Xbmp&ny
has been promoted to
Kenneth
51 Fifth Avenue
1943
deposit
.
bank, $1,100,000;
1277.
Buffalo,
The
ac¬
expenses, $647,976; Federal taxes on income, estimated, $170,000; reserves, $23,346; common stock ($5 par), $1,164,595; earned sur¬
plus
(restricted
in
amount
of
$213,495 representing par value of
p.
30,
on
capital stock, par $1, payable Nov, 15 to holders
A similar distribution was made on this
issue on
claims
$181,723; inventories, $1,233,$4,557; property, plant, and equip¬
$4,237,398.
payable
Sept.
cash
Sheet, July 31, 1943
investments and other assets,
(less
Sheet,
the
"
Government contracts,
Liabilities—Notes
deducting net loss on sales of investments charged
directly
XX
/XXX' X- -XX'X/ /"X/yx^X'/XXX.-'.X-;;:;\'
,r
Gellman Mfg. Co., Rock Island, III—10-Cent
Dividend
1942.
Balance
7,878
X.
credits
for
surtax__^„__.:~_^.._
$175,566
X
'XXXXX''
and
payable Oct.
15,
1943, $91,109; payable for
capital stock purchased, $4,214; management fee and other accrued
expenses, $6,040; provision for Federal income tax and
surtax, $13,293;
provision for Federal capital stock and miscellaneous
taxes, $2,633;
unredeemed
scrip ( and
unclaimed
dividends,
$2,857;
capital
stock
(par $2), $911,086;
capital surplus,
$8,998,611;
deficit, Dr$657,068;
unrealized net appreciation of
investments, $270,567; total, $9,643,343.
—V. 158, p. 1531.
:v;',X
$2.09
depreciation and amortization of buildings,' ma¬
chinery and equipment for the year amounted to $71,970 in 1943 and
$45,531
tax
Assets—Investments, $9,332,425;
201,919
$1.91
'
-
income
Liabilities—Dividend
$421,842
share_:—.__-__X-^__X^—X--:
Federal
own
170,000
X——■-X——-X75,577
outstanding.232,919
1913
under cupstodian'
$280,915; dividends receivable, $20,039; receivable on sub¬
scriptions to capital stock, $3,928; deferred
charges, $3,178; cash on
deposit for scrip redemption and unclaimed
dividends, $2,857: total,
'$9,643,343.'. XX
T ■
'"■■X/\
,■
24,658
583,331
Sept, 30,
agreement,
$5,041,302
.
of
"Before
$5,016,644
5,975,074
expenses
Ended
income
to deficit,
/
30,213
for
'Balance
1942
$7,242,041
Months
Dividends
31
X
9
share.
X'X-—'-'■■■
$235,798
X—52,354
*Net
-"•
1943
Accounts for
a
•:
up
wueuier
$16,667
the
and
X
this
of
non-oper.
was
'X'xX-X'
post to becopie associated with C.
9,224,361
require:.iu
unearned.
for
#
Graham
Hoboken
Chamber
Gross profit on sales
'
and admin. expSi incl.
XVX/v"XV X.X
,
authorized
profit
dividends-
per
378,302
389,299
cons,
earned surplus
Full
of
general
current
shares
19,294
103,139
373,896
inc. taxes
to
:.
and
normal
Common
47,014
4,747
Co.,
State
Sell,
suppliers
improvement
directors
—
disposal
office.
Bal.~ carried
•
.
the
"the
aggregate of 35 cents
believed
not
income
on
on
common
1,130,831
152,504
deducts.
Erie.—
accrued
4,825
other
the
$7,211,828
admin,
"Federal
10,093,593
than
Expenses
Int.
11,316,992
„
Prov. for Fed.
major
pf products sold-;:
ment
1,130,519
taxes
taxes
year.
and
income
charges,
1,685,876
5,976
other
fiscal
xxxxYx- XX
Loss
077;
1,686,223
—
taxes,
income
of the
one
sales
counts
equity of Electric
Power & Light
Corp.
income
Xx
,,
Miscellaneous
10,473,369
69,947
min.
——
Elec. Pwr. & Lt. Corp.:
Net equity, as above_—
Other income
reorganization of
field, as quickly as government regulations per¬
of reconversion of plant to peacetime use are
Income
%■X'
carried
14,159,421
Mr.
The
of
Warehouse
Gross
the
to
the
properties of the company for any long period of time.
The organiza¬
tion has been trained and
developed in precision manufacture, and
Eureka peacetime products, when they can be
made/should go quickly
32,874,309
! Net
In
be
reported,
an
the
are
Earnings
5,674
*
public—-
carriers
22,371,369
6,787,494
to
earnings
problems
important,
13,507,826
23,667,026
last
Provision
Cost
5,360,524
Director
Expenses
Selling,
public &
Balance
the
three
This compares with a profit of $421,842,
by renegotiation; for the preceding year.
manufacture
be leaders
17,638,817
_:X___;
board.
Director
Commerce
realized
will
19,695,719
32,921
-X-X-
in
step
the
of
through distributors, dealers and factory service branches.
the
the
stopped by government
order in April, 1942, Eureka was
manufacturing the latest models of
vacuum cleaners in the
industry," Mr. Burritt i said.
"Plans have been
made to get back into the manufacture of
peacetime products, which
13,850,172
7,189,238
deductions
property
the
"When
3,451,943
5,630,395
net—___
interest to
other
:
Fund
p.. 2222.
9 Mos. Ended
and
continues
the
Interest
revenues
income,
1
Burritt
year
maintained
4,596,963
200,000
the
Dock
2267.
p.
v.: 158,
Greenwood
company's manufacturing
facilities have
wholly to the war effort, Mr. Burritt pointed out that satisfactory
servicing of Eureka cleaners in the hands of the public has been;
6,586,455
'■
of
148,
were
.
&
"
entire
view
Net
Net
Other
-
York
"Most of the work now being done is for use in connection
aircraft, both bombers and fighters.":
'■/X.>/XXxXi;''-:" XX'XX"'
Shipment of war products were 330% greater for the year ended
July 31 than for the preceding year, Mr. Burritt reported, and orders
already on hand for delivery during the 1944 fiscal year exceed the
7,174,646
200,000
Prop, retire, and deplet.
reserve appropriations
x
.
New
with
Net
revenues
Operation
156,,
Railroad
Jersey
the company's
completed and
_i"
the
of
pro¬
First Vice-President of Fireman's
National Indemnity Co.—V.
t
share.,;
per
Electric Power & Light Corp.
.(& Subs.)- -Earnines—
Period Ended Aug. 31—
assets
condemnation
Co., The Hackensack Water Co., The Spring Valley Water
New
Government.
\;',XXx;,Y\r}Xxx'X:
-
16
further
a
into manufacture."'
Operating
the
use
and
assets
to $376,842
While
30,
of
and
Florence Stove
employees
Railway and the Roseland Railway by the
by the New Jersey State Board of Public
Oct.
the
company
capital,"
company reports a profit of £174,357 after
providing for
taxation, reserves, exceptional war charges and
contingencies/ For the
fiscal year ended Sept. 30, 1942, profit was
£153,560.
A dividend of
6'A, less tax, and a bonus of 2% has been declared
on
the ordinary stock, compared with
6'k
a
year ago.
• •;
Maintenance
to
stated.
13.8
system
Electric ■& Musical Industries,
Ltd.—Earnings—To Pay
Extra
Dividend—Changes Fiscal Year—
a
sold
makes precision electric control motors and, in addition, is
increasingly
devoting
its
activities
to
the
manufacture
of
war
products, the design and engineering of which has been developed
by the company in cooperation with the Army and Navy," Mr. Burritt
V ...XX
.7
■:vX;''
Operating subsidiaries of—■
In
be
masks,
of
Light
withl the
compared
follows;
'.'V- X"-
The
to
Commissioners.
"The
oper¬
subsidiaries
are
RR.
The
In
-
-
Company had a net profit of $444,496 for the fiscal year ended
31,
1943, after providing $170,000 for
taxes,
H.
W. .Burritt.
President, reports in the annual statement.
The profit was equivalent
V
the System, inputs of client
1943,
Services,
member
Hoboken
gotiation
July
;
'X';
will
Eureka Vacuum Cleaner Co.—Annual Report—
p.
elected
Western
Hoboken
Chamber
v.
com¬
payable
Services Inc.—Weekly Input—
during 1942
share and the
anticipates all
company
'Y/;Xx/:'X',;xXX;
larger railroad is
V. 158, p. 1531.
pay¬
and
declared,
of
the
Transfer
on
2447.
p.
Ry.f
reduced
American
Co.,
•
registered
■;/
Acquisition
Lake
Eastern Shore Public Service Co.- -Consolidation-
Ebasco
at $100 per
Erie RR.—Short Lines for Erie—
X
;v
See
the
says
company proposes
Utility
share
per
The
hattan
1943, Curtiss Candy Co. owned on record 7,690 shares
stock, representing 14.3% of the outstanding common on
date.
Erie
Oct. 15 paid a dividend of $2.25
par $5, to holders of record Oct. 4.
a
President
The
365
(The) Duriron Co., Inc.—Pays $2.25 Dividend—
on
York, in
of the board of directors held on Oct,
13, Kelley
President of the First National Bank of
Jersey City, was
and
/'XY
share.
per
(
from $46,907,950 for the fiscal
year: ended May 31, 1941,
$105,427,854 for the fiscal year ended May 31, 1943.—V. 158, p. 1530.
IJhe corporation
been
and
things,
is expected
increased
to
Yv'
New
meeting
Co.,
approximately $200,000 to finance the
acquisition of factory and warehouse building which may be acquired
by Curtiss Candy Co. ana the balance is tc be
applied to the acquisi¬
tion when available of
approximately 500 trucks to be used in the oper¬
ation of the Curtiss
Candy Co.'s franchise method of distribution.—
V. 156, p. 79.
will be
it
which
YX- XX
'•
of
Goodwin, Second Vice-President in charge of indemnity
elected
margin.—
14,
common
The
is required because of the company's greatly
business largely due to wartime conditions.
anticipates that upon the return of peace addi¬
ment
$10
common
Aug.
that
to
expanding
tional funds
at
and
On
future
of
return
upon
wide
a
and its subsidiaries.
Additional working capital
expanded
by
shares of pre¬
and officers
of the company, and
employees and officers of the Curtlss Candy Co.,
an
and
quota
X!/y.'.Xx
statement
ferred
preferred stock is to supply
new
additional
stock
The
banking group headed by Smith, Barney & Co., but no
underwriting of the exchange offer to the 5% preferred stockholders
is now- contemplated.
'.-/.uX:
XX'X'X'Xv.
-X
The
1530.
p.
their
The preferred stock is to be offered
mon
investment
the
exceeding
a
Graham,
has registered with the SEC 4,400 shares of 4% nonpreferred stock ($100 par) and 46,000 shares of common
($10 par).
stock
15,
by
Drive,
-X
several"
of
Firemen's Insurance Co., Newark, N. J.—New
At
The corporation
offered
underwritten
Loan
directors
statistician and economist.—V. 127, p. 2235.
a
cumulative
$4
new
Feb.
on
has
Equipment Finance Corp.—Files for Stock Offering—
stock
common
exchanged for
redemption
for
V.;. 158,
dividends.
cumulative
stockholders
common
stock
will
share and
per
249,741
the
to
preferred stock for each five shares of
the
preferred
War
of
Home Fire & Marine Insurance Co, and Western National
V.
Indemnity Co.
just received a citation ■ from the Treasury
Department, commending
the
employees for
"having provided the
following fighting
equipment:
five
Flying
Fortresses
and
one
PT
Boat through their extra
purchases of War Saving BondsX Benjamin
Abrams, President, on Oct. 18 announced that the corporation, its
executives and employees purchased
$2,400,000 worth of bonds in the
meeting of its common stock¬
Mich., on Nov. 8, 1943, for the purpose
amending its charter to authorize 600,000 shares of a new cumula¬
tive preferred stock without par value and to create a series of such
roent
corporation
Behrens.
St.,/ New >
CaX,.X:.:< :>X,■
Richard
operations,- has
of
stock, Series A,
Co.,
Insurance
June
Emerson Radio & Phonograph Corp.—War Bonds—
Dow
boards
D.
Pine
.
extra payment of $1 .per share was made
an
the
70
Levison, former Chairman, retired after 53 years' service, but retains
membership on the board of directors.//:.'
%%,/'XX
Mr, Hannah also has been elected President and Mr.
Page as Chair¬
man of the
Fireman's Fund Indemnity Co., Home Fire & Marine In¬
surance :CoX Western National.
Insurance Co. and Western National ■
Indemnity Co., affiliates.,
X
'.
'
,-,XX"
James F. Crafts, Second Vice-President of the three insurance
com-;
panies, has been elected First Vice-President of Fireman's Fund In¬
share
per
of
Charles
at
.YX"'"-X xX%' 'X
Charles C, Hannah has been elected
President, succeeding Charles R.
Page, who has been named Chairman of the board of directors. J. B.
Ely & Walker Dry Goods Co.—25-Cent Dividend—
The
and
offices
V'X X;
■
Fireman's Fund Insurance Co.—New
President, Etc.—
$1,059,303
overprovision
months
-■ .v
member
a
tures—Declares Initial Common Dividend—
Net
Chairman,
Secretary, Twith
":X
'■
nationally known corporations. Mr. Behrens, former President of the
Brooklyn Real Estate Board, and a member of the Real Estate Board
of New York, is now a Commissioner
appointed by the U. S. District
47,014
19,294
:Xx
of
Leonard
York 5,
$3,,133,973:1
other deducts..
and
N.
1943—12 Mos.- -1942
$685,988
,
„X
taxes
Expenses
;XX-X'X;x X':'',
Domestic
$765,323
other
taxes,
composed
1943—3 Mos;—1942
incoome
Monday, October 25, 1943
new
capacitance
Division
of
and
the
designed for precision meas¬
inductance, has been announced
company's
Electronics Department.
is .in industrial, college, and other laboratories.
capacitometer measures directly at radio instead of audio
Volume
Number 4223
158
THE COMMERCIAL & FINANCIAL
CHRONICLE
frequency, with mcasuresements being performed with the aid of
oscilloscope instead of ear phones.
The scale on the unit can
<|
from
read
0
inductance
'p. 1531.
i
of
it
able
Nov.
on
in
1
the
holders
1;
of
May
•
j
and incl. Nov.
to
i
jj
measuring
to
be
with
capacitance
microhenries.—V.. 158,
1000
record
23.
Similar
payments
(capital stock,taxes (less. U. S. Treasury
thereon of $3,949,840),
were
on Dec. 17, 1937.—V. 158, p, 671.
General,Mills, Inc.—Acquisition—
-
Judge Alfred C. Coxe
organization trustee; t-o employ
instituting
and
accrued
commissioners
to
interest
capital
surplus,
income,
paid
$653,379;
Gillette
The
reports that
year ended.Decc. 31. 1942, it
been realized.—V. 158, -p.-486.
'
•>
4
u
,
V
found
was
that
of
contracts
suit
in
excessive
no
-...General
Motors
Corp.;—Record
Output by Chevrolet—
..Aluminum
itotal
poundage
nounccd
a
aircraft
and
in
11
Vice-President
Chevrolet
in
was
elements
of
ten .times
by
of
M.
1942,
1943,
E.
greater
Mr.
will
Corp.
;
said,
fact
component
each
:of' the
remaining
as
pounds
many
of
at
as the division produced in the entire year of
1942.
■"As. a
major producer; of aluminum aircraft "forgings,
including
propeller blades, landing gear trunnions, crankcase sections, and other
'items," Mr. Coyle said, "Chevrolet has moved rapidly to the-fore in
this field, with four forge plants devoted to this
project. : Production
•
1,
'
History
stock outstanding,
This compares
to
$126.33
and
with
net
preferred
to 92
with
share
a
in
cents
net
share
1,602,429
on
of
shares
Sept.
30,
1942,
of
$6,710,320,
$73.94
at
Co.,
April
1
successive
reductions
in
generally
originally
incorporated
by
of' office
manufacturers
and filing supplies
complete line of wood
equipment,
stationers
private
-
other
,
for
in
Co.
of
owned
.
V
...
.
Buffalo,
to it
sale
N. Y., will until Nov. 3, .1943,
7/ -cumulative preferred stock to an
of
exhaust
to
the
158,
of
sum
$1,200,000
at
prices not
to
1532.
p.
r
1943
profit
decline
of
\alues_
exc.
$814,589
100,000
101,285
122,400
•
'
60,295
1.639
1,639
1,395
Dominion
and
1941
$1,032,383
______
1,410
1,645
250
1,291
33,000
33.000
22,000
22,000
28,000
17,000
_____
salaries
for
1942
$712,632
'
invent,
:
fees
Prov.
_-_i_
and
Prov.
1,639
1,390
inc.
profits taxes
363,000
570,000
450,000
$188,669
Ohio
$181,685
114,000
.$254,974
114,000
$0.99
is
the
Dividend
for
institution.
'On
$0.96
Under
metal
paper
profits
cess
li¬
(less
normal
no
696,500
$1.3-4
par.
•
.
Sheet, Jiuie 30, 1943
tax—estimated,
written
amounts
fixed
$62,000;
off),
Sll.487;
investments,
x' '
■
patent;!
$1,085,1.47;
assets,
other
.$2,633,263.
■
-
$2; total,
("/
.
liabilities—Bank overdraft (secured), $54,660; accounts payable and
charges, 8144,398; reserve for Dominion income and exces-i
equipment,
stationers' goods and filing supplies.
stock,
common
Assets—Cash in banks and on
hand, $16,364; accounts receivable,
investments, $749,729; due from employees re Victory Loan
subscriptions, secured by Dominion of Canada bonds, $34,568; inven¬
tories, $366,350; prepaid expenses, $23,305; refundable portion of ex¬
represented by'steel filing equipment,
20
by wood equipment
are
share_„_______i.__^
per
190,000 shares of
$284,310;
supplies.
offices,
shares
common
Balance
filing
of
filing
on
•Earnings
United
steel
line
a
and
order
upon
public
or
and
goods
made
in
and
income
•accrued
However,
profits
Order L-13 of the War Froduction Board dated
April 1, 1942,
production of metal filing equipment was prohibited after
May 3i,
At the present time no metal
equipment is being manufactured
•except that supplied to agencies of the United States Government.
taxes
the
shares,
—V.
(less
amount
paid on
account—estimated),
$145,625",
2, 1943, 828,500; capital stock (190.009
$1,300,000; earned surplus, $960,080; total, $2,633,623.
1416.
'
dividend
common
1942.
a
the
Executive
re-
furniture,
under
share,
...
Legal
:
:
Factory management'& sell, salaries
Net
record
as
55'/ of total sales
and
Trust
operating
.
equipment
any
remainder
'
V"
Depreciation
each Oct. 1 thereafter, tp and
including
100 together with accrued interest to
a
and
known
steel
or
tables
the
and
include
tables
or
Marine
Directors'
O.,
the
L
'
,Written off patcnts____„__—V
and
Cincinnati,
properties
-
products
wood
desks,
common.
or
on
•
with
payable
Trust
days' notice, at option of com¬
in whole or in part, at 103 if
maturity,
1944,
thereafter
desks,
conditions
preferred
of
to
1,
30
on
Business—Company
braries,- banks
on
June 30. 1943, of
$11,465,009, equal
preferred stock and 81 cents on common,
S6
on
assets
share
a
each
Special
assets
the
on
for
arrears
Its
■accessories
Net
and
and
and
equipment,
assets,
based
on
market
quotations
on
Sept. 30,
1943,
or
appraised valuation, amounted to $11,642,523 after deducting bank
Joans.
The net assets are equal to S128.29 a share on the 90,750
'shares of $6 preferred stock
outstanding, and after deducting $105
accrued
Oct.
to
Union
Company is one of the largest
filing equipment, stationers goods
Shareholdings Corp.—Quarterly Report—
dividends
prior
1949
States.
"and
time prior
at.any
Interest
year.
Feb. 9, 1882 as Globe Files Co.
In 1899 it merged with Wernicke Co.
xof Grand Rapids, Mich., and name was
changed to The Globe-Wernicke
Co.
The .successor corporation-;
following reorganization in 1934, lias
since.been" knokn as The Globe-Wernicke Co."
«
steadily and is continuing to climb, as indicated by the
production of these .forgings in the.: fourth quarter of 1943
is estimated at more
than
211>
limes the first quarter,
and .more
'than 3Mi times the production attained in all of last
year."—V. 158,
p.
1532.
,
Fifth
redeemable,
are
redemption date.
that
General
of
demption-price of Va of 1%
Oct.
risen-
:
office
Bonds,
redeemed
(
'forgings
has
plus
per
pany,
these
'•
fact
of $50,000
Third
1,
mistee.
.
aircraft
payments
earnings,,limited to $50,000
that
vital
in
deliver
the
.*• V
i.
Years Ended June 30—
Net
Prov.
annual'sinking
sinking fund payments, contingent on
Oct.
Manager, of: Chevrolet
City with respect,
the
(B.) Greening Wire Co., Ltd.—Earnings—
Bonds are dated Oct. 1, 1943.
Mortgage securing bonds prohibits the
.issue of.additional bonds thereunder.
Mortgage requires
fund
•':
i.
exceed $145 per share.—V.
v.
of
Despite
v
of.these
Coyle
Chevrolet
'v
\v-"*
all; types ' are
that;will result'.':,in a
thanin 1942, it was an-
General
Motors
production
planes
York
889.
advisement a counter-motion by the Government for elimi¬
substantial parts of the company's answer to the
suit, whicA
of a maximum
price regulation.—V, 158, p. 1473.
of
-amount-sufficient
Globe-Wernicke Co.—Bonds Offered—W. E. Hutton &
Co. ori Oct. 19 offered $650,000 4^% first mortgage
bonds due Oct. 1, 1953, at 101,
;
Forgings.
rale
a
Coyle,
General
volume
during
months
at
♦
.
military
Chevrolet
1943
Oct.
on
by
^
,
forgingk- for
being: produced
now
Aluminum
New
p.
Grant Co.—Decision Reserved—
receive bids for
*'
.
.
158,
observance
The
hud
v
\
,
of
assessments. on
the corporation.—V.
Great Lakes Transit Corp.—Tenders
Sought—
„
•
'
'
:
the
profits
,
Ve"v>;
'
'
-
commission
estate
Charles Seligson, re¬
specific purpose oX
proceedings- against
the- t.a':<
-
the
took under
total,
for
tax
certiorari
for
by
nation
renegotiation
under
the
real
Litigation-
authorized
counsel
Judge .Simon H. Rifkind,reserved decision Oct. 11 on a mo¬
the company, operator of 492 retail
stores, for dismissal of u,
brought by the Office of Price Administration.
The court also
tion
Safety Razor Co.—Renegotiation of Contracts
company
and
by
Tax
on
has
Federal
•
'seeks
James P. Bell, .Chairman of the board of
directors, announces that
this.corporation had .purchased.from the American' Crystal Sugar Co.
the latter's plant in Bclinond. Iowa, near Mason
City, for .eonversioh
into a soybean
processing plant,.- The purchase price was not;an/ nounccd.; The property, it was said, includes 258 acres with buildings
and,equipment.—V.-158, p. 1277'
-1' >
prosecuting
1934-1944
leased
(W. T.)
r
on unfilled
orders, $2,522,payable, banks, secured
liabilities, $10,394; reserves,
($840,000;- common stock (par $2), $600,000;
$1,408,064; .earned surplus,
$1,732,142; net
<$10;673,121.'—V. 158, p. 1347.
the
and
•
notes
non-current
and
and
;
'
,
current),.$547,948;.sundry
notes
advances
,
fnot
.
^
.
"$1.614,823;
tax
f096;. sundry current ..liabilities, $43,435;
Aug. 2, this year, and on March 3»*
1942, and each quarter from Nov. 1, 1940
The previous payment was $7 per share
2,
1941.
1,
Oct.
profits
and
1
Trustee to Employ Counsel
Federal
Liabilities—Notes payable, banks, secured
(current), $234,272; ac¬
counts payable, $138,797; dividends
payable, $75,000; accrued expenses,
$252,771; provision for" State and Federal income, excess
;
a
1637
excess
.
dividend of $1.75 per share on account
7'»cumul. preferred stock, par $100, pay-
the
on
to
Feb;
0
Corp.—Accumulated Dividend—
have declared
j 'May 1, Aug. 1 and Nov.
•
when
of
range
profits "tax, $460,500; based on 1943 excess
profits tax,
$267,500; equity in equipment, joint purchase with
supplier, $1,067;
(properties, "plant" and equipment (less depreciation and amortization
of $1;215;984), $1,456,219; deferred and
prepaid expense, $83,749; total,
$10,673,121;
'
*
,•
>
.v\/IS///>V..;'/•
Cable
accumulations
'-made
-
I
;
directors
The
■
;...
General
'I
microfarads
1000
to
measured
1942
an
payable July
par),
no
156, p.
-
*
-
Income
Account, !) Months
Ended
Sept.
Purpose—Proceeds
30
income
i
•
and interest,
Taxes
r
f.
Refund
lor
1942
$503,859
_
A--
prior
100,498
1940
$620,831
115,064
130.876
'
108,723
9,543
-
1941
$672,059
$556,325
29,344
7,109
at
$633,750
exclusive
of
accrued
inter¬
Greyhound Corp.—To Pay Extra Dividend—
est, will be used, together with other funds of the
company estimated
at approximately $31,500,
to retire in full the presently outstanding
•$651,100 6/ first mortgage sinking fund bonds due Oct.
1, 1944.
'
M
1943
Total
•Gen. exps.
estimated
Capitalization
issue):
.
15,555
years'
of
as
June
30,
1943
The
(adjusted
give
to
effect
to
this
taxes
$6
cum.
$393,818
Ia).s.s
408,240
of
407,782
-
2.772
Bala
2.772
4.092
572,426
invests.
,
1,653,816
1,4-75,712
Sheet,
nee
Sept.
in
banks——
in
U.
Receivable
Interest
S.
Govt,
$613,340
w,.-.
securities-:
-62,639
and
dividends
I-'.
receivable--.'.
43,196
;
Special deposits for dividends, etc.,—
A—i.
of
$16,026,580 $16,868,387
2Bank
t
loans
stock
Surplus
11.400
3,000,000
:;...
;
($1
par)
—-11
—
-
-
-
annum
required
under
$3,500,000
commitment,
a
be
its
with
commission
the
on
war
held
The
•
unused
to assign
to
production
"Investments
market
or
owned
at
that
Investments, based
absence
in
or
corporation,
Dec.
date.
31,
1936,
war
the
of
of
terms
due
are
* 4.498,708
Subsequent
purchases
market quotations
on
thereof,
their
on
amounted
to
carried
are
then
as
fair
$14,292,204
in
at
the
lower
carried
are
of
the
'
and
to
loan
become
loan
payable
July
to
July
contract
due
contract
on
:
and
interest
at
rate
Nov.
commencing April
portion
of
the banks,
contracts
90/
There
the
is
1,, 1944.
1,
the
$9,724,884
due
Net
tRepresented by 90,750
(interest 2/
of
amounts
the
no
shares.
par
annum).—V.
per
158,
p.
(Due Dec.
30,
1944
and
671.
furtherance
since the close of
its
the
of
sold-A/i
exps.
1943
//•Net profit from
oper.
Other
''
1942
policy
has
of
outstanding
$4,646,000 principal
The
its
reducing
acquired
first mortgage bonds,
amount
income
/
debt,
the
$1,323,000 additional
held in
amount
had
been
reduced
been
the
outbreak
of
the
war
to
tional
of
and
Exchange Commission.
amounts
directors
may
The
statement, .said
that
addi¬
^)e acquired pursuant to resolutions of the
authorizing such purchases.—V.
158, p.
is
and
board
576.
v;
The
p.
1532.
'
under renegotiation of contracts for the
1942, the Government recovered $910,000.—V.
158,
,
..
.
1942
1941
i,
••/
taxes
come
Inc.
&
,
1943
,
.
Operating -revenues—i_—V.
158, p.
1942
$34,975
1943
•$30,675
$1,541,685
1942
$1,377,031
1532.
6 Months Ended June 30—
.Shipments
'"Net
1943
Earnings
per
1942
$11,410,000
$8,747,000
(653,379
:
497,000
$2.18
$1.66
income
.-share———-.
the
on
Under
be
on
hand and in banks, $2,918,489; U.
S.-Treasury
$99,000; accounts receivable, $1,048,482; contract " receivable,
Emergency
Plant Facilities
(current),
$252,414; - inventories,
$3,368,894; advance payments on purchases, $39,165; U. S. War Savings
Assets—Cash
bonds,
S.
Bonds
in -hands
of „issuing
•$123,960;
contract
current),
$544,682;
agent,
receivable,
post-war
U.
$9,000; • corporation life insurance/
S.'■ Emergency Plant• Facilities (not
of excess profits-taxes:- based on
refund
1943;
Dec.
Extras
15,
last.—
paid
1940
at
credit
portion,
time
the
at
that
the
the
96
Vz
and
O
28,436
15,287
$1,113,792
$725,608
44.742
Net
45,656
36,218
9,647
2,396
income___/(
,
for
"normal income
excess
tax
and
.V.
war-time
and
$671,219
t^xes_(._l;_./__
po^t-'wnr adjust,
372,544
55,227
financing,
now
war
3/Z
rate
$271,312
U2
on
1/
amount
will
loan
annum
of
interest
annual
offered
production
per
of
$298,675
paid
Cap'Argentina,;
$917,934
133,200
499,500
$514,817
$418,484
i_
per
to
contract,
the
annum
has
entered
into
on
be
paid
an
agreement
may
Assets—Cash,
the
trade
of
unused
vary
from
accounts
$2,089,526;
receivable
total,
U.
(less
S.
Sheet,
June
30,
E.
able,
'
$1,807,973;
$3,845,000;
of
'444;
•,
to
for
bank,
84,000,000;
estimated
interest,
Ilerbrand
stated,
$12,274;
pay¬
adjustments,
reserves,
$147,378;
earned
common
surplus,
stock
$1,126,785;
Corp.—12V2-Cent Cash Dividend—
company
on
the
common
tributions made during
p.
1942 amounted to
50 cents per
2038.
156,
share.—V.
,
Hercules Powder
r
cial
was
Co.; Inc.—Special Offering—A spe¬
offering of 2,400 shares of common stock (no par)
made
on
the New York Stock Exchange Oct,
18 at
commission of $1.
Offered by
Smith, Barney & Co. at 11:33 a.m., the sale was com¬
pleted at 2:35 p.m. (Time elapsed 3 hours and 2 minutes).
There were 23 purchases by 17 firms.
The largest/ trade
was
taken
withdrew
:
accounts
on Oct.
11 paid a cash dividend of 12*2 cents pel*
stock, par $1, to holders of record Sept. 30.
On
July 10, last, a 100'4 stock dividend was paid, prior to which the com¬
pany paid a cash dividend of 25 cents on April 10.
Total cash dis¬
Inc .—^Hearing Postponed—
was
trade
renegotiation
advances on
accrued
The
share
profits tax, $106,071;
par), $900,050; common stock, $254,459;
paid-in surplus, $560,475; total, $6,178,747.—
it
$3,773,857;
$2,537,892;
■
payable
provision
$333,000; capital surplus, $79,607;
total, $11,846,795.—V. 158, p. 1278.
($100
Argentine, concern,
ZZ
securities,
$75,000),
U. S. Government contracts, $350,511; pay¬
rolls and payroll taxes,..$62,823; taxes, other than income taxes, S81,*»
1943
was
1913
Government
reserve
$11,846,795. •
Liabilities—Notes
with W.
and amortization of property, plant,
1.943 and $98,746 in 1942.
inven¬
tories, $2,362,292; other assets, $208,632; property, plant and equipment
(less reserves for depreciation and amortization of $368,958), S624.140;
parents,
goodwill and trade-marks, $1;
deferred charges, $250,456;
will
portion
82.73
adjust¬
to $129,116 in
Balance Sheet, July '31,
$29,250.
interest
borrowed
31.95
provision of $3,375,000 for estimated renegotiation
(After deducting post-war refund of $195,000..
/ $175,146
to
proposed plan is based.
Postponement
Seligson,' trustee, to negotiate further.
an
75,000
_______
Note—Provision for depreciation
requirements
amount
which
Charles
'
90,000
■
After
$230,373
762,276
A hearing on fairness and
feasibility of a proposed plan of reorgani¬
sation, scheduled for Oct. 4,- was postponed until Nov, 4
by Federal
Judge Coxe, when counsel for trustee reported withdrawal of financial
support upon
550.000
1,970,000
surplus
$78% per share, with
to "permit
733
175.000
+1,755,000
$643,017
Earnings, per 'share'___/
$900,122; marketable securities
(at
cost),
$19,532;
(trade),-$13,789; accounts receivable (trade), $2,412,$1,349,702; other current assets, $25,591; property,
(Adolphj Gobel,
29,384
$3,603,722,
surtax„_
profits tax
jiossible additional
dividends
Balance,
interest.
stock
34,796
profit
ments.:
$1,033,588
bonds
surplus.; $610,002;
158, p'. 1532.
1942
expenses74,328
Provision for
equipment (net); $1,214,456; patents-(less reserve).
$5,123;
deferred charges,
'$69,450; other assets, $168,054; total, $6,178,747.
Liabilities—Accounts payable
(trade), $163,813; accrued liabilities,
$326,176;,other current liabilities,
$32,833; U. S. Govt, refund—contract
renegotiations, $10,000;
deferred
income
on
government
contracts,
,$13,769;
funded
debt,
S651.100;
notes
payable—due
July
1,
1944,
$2,50G,000;-reserve for post-war refund of excess
-7'V preferred
in
2'«?
$278,425
43.986
annual
.earned
and
1943
i,
par),
receivable
cash
$2,652,345
for
49,084
time.
at
in
$3,374,333
for
by which it agreed to take all
steps necessary, including
^meeting of stockholders, to create and authorize the issue of bonds.
W..E. Hutton &.Co. agrees to
purchase $650,000 of the first mortgage
bonds
1, last, while on Juno
cents
$2,617,549
Interest
632,885
this
Underwriters—Company
25
$4,349,381
775.041)
Provision
364,961
the
of
rate
and
-so
to
of
Sept.
on
of
extra
1,143,341
Provision
$495,871
mortgage
terms
disbursed
an
..•"**•'•
$263,138
$130,910
first
the
paid
the
10 /.
Balance Sheet, June 30, 1943
U.
and
on
recor.l
83,760.890
2,773,803
842,060
taxes
Upon.', completion, of
.
provision for estimated taxes.
(Includes an adjustment to
post-war credit and an amount of $250,000 reserved for
inventory price declines and other contingencies.
'
lor
Balance
"After
reflect
share
1
per
share
8,236,795
$3,669,826
$697,172
45,236
income
plant and
•
Giddings & Lewis Machine Tool Co.—Earnings—
I
cents
per
per
April
on
50
holders of
$1.50
sold-;.,
products
4,560,615
20.248
_______
excv prof,
927;'.-inventories,
Jan. 1 to Oct. 7
Like amounts- were
and equipment amounted
Net
•notes
Week Ended Oct. 7
disbursed
were
of
cents
10 to
$12,586,176
*
Assets—Cash,
•
of
25
an
extra dividend of 10 cents per share
quarterly- dividend of 50 cents per share on the class A
stocks, no par value, all payable Dec. 1 to holders of record
$6,099,847
$561,355
Balance
Georgia & Florida" RR.—Earnings—
Period—
each
total
a
of
Dec.
18,721,703
'
944,796
int.
>
-
.
make
dividend
both payable
(
a
>.
company-reports that
ended Nov. 30.
year
will
dividend
extra
an
quarterly
$25,
_____(S22,482.593
L-
■*.
Co.—Renegotiation— ■/./■/•
declared
now
Years Ended Dec. 31—
-—
Hutton & Co.
General Tire & Rubber
;
directors have declared
of
Cash
$17,-
000,000.
In the period from Jan. 1 to July 31, 1943, the
company ac¬
quired $746,000 of its bonds through purchases in the
open market,
'and in the period from Aug. 1 to Sept. 30,
1943, it acquired $577,000
additional bonds, of which $86,000 were purchases in the
open market
and S491.0Q0 by bond tenders,
according to a statement filed with the
Securities
or
Gross profit
Selling and administrative expenses/.
loans
made
$1,064,708
amount
due July 1. 1949, reducing
to $10,154,000, exclusive of
the treasury.
1943,
at
on
1473.
p.
15.
Cost
extension
426,709
Gross .income
$10,154,000 outstanding at Sept. 30. 1943. is little more than
the $20,000,000 of series A bonds which were
originally is¬
and which
per
holders
Hayes Industries, Inc.—Earnings—
one-half of
sued
cents
Provision
interest
Bank loan & other
corporation
face
have
regular
stock, par
Years Ended July 31—.
sales /—
series A,
Sept. 30,
on
cents
anicamt
to
paid on Dec. 24, iarti
1133.
p.
25
like
21
under
These
for
$540,183
21,172
credits-*.
Bond
its
158,
also
was
Net
already
banks
$2,500,000.
$5,711,880 $11,955,054
4,744,988
9,945,550
.—______
goods
'Sell., gen. & adm.
1942,
General Steel Castings Corp.—Reduces Debt—
In
of
sales
Cost
$993,904 in 1943 and $6,659,563 in 1942 less than the amount shown.
or
cents
of
of
Dec.
said
secure
Summary of Earnings
'
costj.
in
25
1941.—V.
30, 1943, the company
stock.—V. 158, p. 984.
bank
moneys
to
application
has
June 30, '43
at Sept. 30, 1943 and 1942,
in the. opinion of the
and
dividend
payable
Operating profit
Royalties and miscellaneous other
the
due
now
An
1945,
of
of
sum
6 Mos. Ended
value
1943
j
••
>
cost
at
158,
as
production contracts.
on
.the
$16,026,580 $16,868,387
—-
of
both
Hancock Oil Co. of California—Extra Dividend—
pending.
Total
25
The
collected are deposited
in
a
cash
collateral
security and may be used at any time for payment
or
in part.
Company may ask for release of
aggregate indebtedness of the company is not to exceed
and
due
2.268.750
8.765,248
of
sum
per
may
due
the
amounts
1,602.425
,.——.2
the
This
19.
of
war
•50/; of the
3.350.000
V 1.602,429
..
Nov.
order
upon
Moneys (..when
;<
funds.
72,191
2.268,750 '
—
stock
Preferred
Common
issue,
of; the, loans (in, whole
52,369
•
of-l'v
become
to
account
f $12,545
_
to
in
and
common
V.
a
and
annum
ofV*
Company,
.loans.
payable, etc,--.
1
$13,397
purchased
I
i
85,480
Due for securities loaned against
cash—279,100
Reserve for contingencies, expenses, taxes, etc.
12,170
'
securities
subject
the
directors, to employees for services rendered.
not.to;exceed
3/'/ per
or
Liabilities—
Dividends
Due for
Co.
held
are
extra
dividend
extra
an
quarterly
value,
the usual
credit.
Total
Trust
(36,971 shares
directors
share
shs.
class B
J/1943
'
:
Union
(...The
*9,000'a ShS.
254,459
and
24,545
:/
Third
by the company.
Loan—Company has
31:512
21,397
11,000 shS.
(300,000 shs.
An
usual
par
Gulf Oil Corp.—50-Cent Extra Distribution—
■
$650,000
company
'18,628
sold
($100 par)
par)____
owned
Offered
$650,000
no
Dec. 29,
on
and
925.252
15,459.194
for. securities
1953
1,
10.
productkm loan contract under execu¬
Regulation V, dated Aug. 27, 1942, and an agreement
supplemental thereto, dated Jan. 28, 1943, with Fifth third Union
Trust Co. and First National Bank of
Cincinnati, Ohio, by the terms
ol'-'-which each -bank agreed to participate
equally in loans to the
$409,256
490.132
14,795.976
„
Fifth
Oct.
Dec.
the
to
stock,
tive order 9112,
M—
__-_
(no
are
the board "of
of
1942
other .securit.ies„___J/'A -Cu
in
stock
shares
.trust1 by
457.982
'.
V
.
•Invest.
y-T35
17.908
1943
■^Investment
7/1 cumul.' pfd.' stk.
30
AssetsCash
1st mtge. bds. due
Common
4081283
stk..<par $1)
sale
on
$474,400
pr'ef. stk.
eonv,
com.
$556,636
Oct.- 20 declared
on
addition
and
year,
Amount
Authorized
W'i
$418,258
dividends—In cashIn
Amount
Cr 6,750
r\. Net income
in
common
record
'
•
directors
share
■the
p.
400
shares
and
a
the
smallest
10
shares.—V.
158,
1473.
its
financial "Support: of tlie plan, under which Meat Product
Development
Corp; was to; have'" guaranteed Gobel company net profit of $225,000
during the first year of operation; through a purchase contract.
Hibbard, Spencer, Bartlett & Co.—Three Dividends—
-
•
The
shave
directors
each,
on
Oct.
15
declared
three
dividends
of
15
cents
pe?
payable Nov. 28, Dec. 24 and. Jan. 28 to holders of recoM
THE COMMERCIAL & FINANCIAL CHRONICLE
4638
Nov.
16, Dec. 14 and Jan. 18, next; respectively.
Like amounts have
been1 paid each month during, the- .current year, and. 15 cents, pre¬
viously declared, is payable en Oct. 29 to holders of record Oct. 19. • In
-'addition, a year-end distribution of 70 cents per share was made on
Jan.
Assets
and
notes
advs.
in
■
banks—,——
those things.which
are already substantially prohibited
by. the Federal
company laws and which these companies do
irrespective of the entry of this decree."
:v.::'-"r7'.T. .'
The. statement pointed out that "the solvency of the
companies has'
not been questioned" and declared that
the management believed that
"the thing to do is to arrive at a
settlement on a fair and construc¬
has called for redemption as of Nov. 18, 1943, a total
sinking fund gold debentures due Feb. 1,
1944, at 100 and interest.' Payment will be made at the Manufac¬
turers-TrUst Co.; successor trustee, 45 Beaver Street, New York City.
V—V. 158, p. 1532.
securities and
1942
■
3,865,000
71,633" 031
57,720
124,660
-J.
(net).—i._
tive
4,954
505,078
Total
—
Liabilities—
Holly. Oil Co.—To Drop Listing—
loans—banks
Notes
1
payable—banks
payable—Employees, officers
—
$1,170,780
and
capital stock
Dividends payable
Miscellaneous
and
others,
•
;
i r\
f.
294,030
•tus
337,230
947,506
i
—
4,839,425
.
liabilities—
163,009
v<
•
The Chase National Bank of the
St., New York,
receive-bids
N.
for
bonds,., due Oct.
'of
1,
$174,978.82,
accrued
Y.,
will until
the
sale
1950,
at
to
to
an.
prices- not
interest.—V;
157,
City of New York, trustee, 11 Broad
on Nov, 3, 1943
first
mortgage 4%
sinking fund
amount .sufficient to exhaust the sura
to exceed
the principal amount and
Minority
the close of business
Hotels Statler Co., Inc.—Larger
The
directors
declared
have
Distribution—
dividend
a
of
$5
the
share on
per
281,446
surplus
6 Months Ended June 30—
sales
and. other
158,
Gross
value
1942
1941
3,759,010
Interest other than int.
""Balance
■>
.
""Before
•
307,150
...
382,567
33,046
26,515
18,139
tprof.$685,074
earnings,;
rental
Miscellaneous
be
interest
debentures
on
the
of
second
the
basic
Total
and
the
to
payment
additional
of
Net
Comparative
Assets—
Cash
-
Balance
•**
June
receivable
Leasehold
457,841
advertising
86,854-
Investments
in
stock
Estimated
insurance
New
World's
York
Deferred
Net
charges
deficiency
(less
1,000
1.000
-9,100
9,100
4,000
corporations™—
4,000
100
r-
amortization>
*
—.
.1
557,873
"■% 608,335
3,554,661
2,877,687
$13,752,995 $13,243,237
.
Liabilities^—
k
Accounts
payable
Due New
York State
Excess
of
earnings
proportionate
.
$315,533
Realty & Terminal Co._„
for
of
part
$1,000,000
Admissions, saieSj
first
half
annual
✓
Other
retirement
accrued
Deposits,
and
Fractional
carried
31,933 *
the
on
organization
5%
of
expenses
taxes
sinking
of
;
on
fund
income
,
Houston Lighting & Power
Operation-
:____
117,453
—
als
deprec.,
and
AH
Fed.
exc.
Other
Total
Net
1,300,000
3,706,168
3 130 639
107,310
1,266,773
$376,859
net
$376,087
$4,384,572
2,997
70
5,311
$377,183
97,148
$376,157
$4,389,883
to
1,161,241
$280,563
stocks._____
to
Household Finance Corp. (&
Period End. Sept. 30 income fr.
opers.
notes
expenses
losses
$3,228,642
initial
___
only
inst.
on
income
Gross
Inc.
income
inc
submitted.
one
5%
$6,089,907
$8,018,418
"$7,995,493
536 482
3 316350
653,000
67,000
930 000
299'238
407,015
362,589
and
'
363'290
.
$3,420,19-1
dividend
share.,
4,176
$4,031,441
675,000
2,167,518
.
$3.80
on
s generally at the
of
averages
1,767
900,000
2,890,024
$4.64
$5.14
...
Canadian
the
consolidated net income
4,556
900 000
3 640
'
S
$5.99
of the Canadian subended Sept. 30, 1943
currency to
United
States
of the free market rates of
exchange
during those periods), amounted to
$250 924, or
approximately 9.26%,
of
'
"$4,619,791 "$^235^009
675,000
2,177,204
.
$316,627
$422 404
$236 098
9.14^5 86%Tiw/c!mSvSfv
for those
periods.
6,251
2,941
$426,887
$475,962
..7,500
96,667
90,000
$34,214
$34,417
$330,220
$385,962
8,396
8,856
$25,561
,
•■'
„___
.
%
•
'
104.534
99,706
$225,686
$286,257
94,023
89,495
paid—_
91,800
91,800
1134.
Laughlin Steel Corp.—Secondary Offering—
share, with
a
bers
of
NASD.
books
concession of $1,25 a share to mem¬
a
The
offering
closed—V.
were
Kansas City Southern
(
Period Ended Sept. 30—
Ry.
oper.
and
oversubscribed
was
158,
1134.
p.
•.
„
oper.
expenses—;
Ry.—Earnings—
1943—Month—1942
revenues.—
$3,672,530
1943—9 Mos.—1942-
$3,457,853 $32,224,023
2,422,127
'
1,930,437
Net;
fr.
$24,525,995
13,751,615
18,734,239
•
1.
-
ry.. oper.
$1,250,402
income: taxes..;
_L_
500,000
550,000
144,000
5,340.000
185,000
1,557,000
1,077,000
income——
$565,402
$833,416
$6,592,784
$6,742,380
rev.
federal
Other
taxes
&
Co.;
Walter
Stokes
&
Co.;
Watkins,
Morrow
&
The
Co.,
and
Weil
Joint
$1,527,416 $13,489,784 $10,774,380
>
Net
—V.
•
212,724
2,307,564
10,756
11.411
93,496
97,845
oper. uncome^
ry.
$273,298
$609,280
$4,191,724
$4,952,224
158, p. 1279.
The
will
be
issued
against
equipment currently
in
statement of
taxable
"After
all
dividends
prov.
ordinary
in
securities at
•
Irving
market
value
$0.25
income
——3 Mos. Ended
June 30, '43
(exclu,
sr,1cs
Cost
sales)
of
taxes.—V,
158,
_____
sales
of
9 Mos. End, 12 Mos. End.
Sept. 30, '43 Sept. 30, '43 Sept. 30, '43
in**
$11,426,464 $19,493,533 $41,894,387 $52,611,497
9,187,154
15,678,626
33,835,519
42,692,001
$2,239,310
$9,919,497
Profit
Other
4,133,562
$1,371,976
oper.—
3,306,313
$2,201,675
81,833
$4,752,554
363,134
$5,785,935
228,319
from
$3,814,906
1,613,231
$8,058,867
867,333
$2,283,508
$5,115,688
$6,263,388
income
477,453
befoi
income
123,445
323,445
426,623
935,000
1,556,000
3,156,000
'•■3,453,000
$565,608
$604,062
$1,636,242
$2,383,765
DrC,490
Cr45,490
Cr64,000
Cr71,000
Dr69,000
Drib,000
Dr88,000
149,445
149,445
448,335
597,780
$409,673
$431,107
$1,176,907
$1,768,985
$0.84
$0.88
$2.41
for Fed.
on
;——
3,146
•
Profit
of
34,230
income——*
$80,067
———
(60%
Wm.
stock
Net
deposit in Irving Trust Co., $169,196; securities held
Co.. $4,349,350; dividends receivable, $7,400; prepaid
prepaid expenses, $473; total, $4,527,736.
payable,, broker
prof,
for
securities
$29*
purchased,
tProfit
*
per
After
15, 1943, $36,979; capital stock ($1 par), $369,793; paid-in
deficit from security transactions, $348,292; un¬
$3,741,693;
securities,
$683,505;
total,
$4,527,736.—V.
158,
stk.
share———
on com.
excess
profits
shares.
488,173
tax credit account
debt retirement.
.
.
.
is
Note—There
and
on
loss)——
of
Sept. 30, J94<3
on
appreciation
Federal
Kimberly-Clark Corp.—Quarterly Report—
month
income
realized
all
99,687
accrued taxes (including provision of $2,001 for Federal income
compensation to Investors Management Co., Inc., pay¬
quarterly under terms of Management Contract, $11,247; dividend
surplus,
including
Period—
able
payable Oct.
1942
$191,576
$0.31
______
1134.
p.
Prov.
Trust
taxes, $1,317;
charges
$120,554
of $864 for Fed. income taxes)—__i—6,255
Balance Sheet,
Assets—Cash
:—_;
$1,600,296
,
Taxes (incl.
1943
-"$236,152
share_*
per
$117,407
dates'
Total income
Sept. 30—
profit
Earnings
Inc.—Earnings-
cash dividends
ex-dividend
that under renegotiation of contracts for the
1942, the Government recovered $235,000, of which
to tax credit.—V. 158, p. 673.
:
Keystone Steel & Wire Co.—Earnings—
Total
Ordinary Income, 9 Months Ended Sept. 30, 1943
Income,
^
applicable
3 Mos. Ended
Net
&
ser¬
1,692,311
reports
eompany
was
::
Co.—Renegotiation of Contracts—
ended Dec.. 26,
year
$211,500
»'
281,348
rents,
Kendall
,
>
2,955,000
net—
facil.
terplant
certificates
vice, consiting of 582 locomotives, 535 passenger cars and 6,458 freight
cars.
Original cost of the equipment has been certified to be not
less
than
$71,803,431 and depreciated value as of Sept. 1, 1943, is
estimated by the company to be not less than
$30,170,347.
Payment
of both principal and dividends of the certificates will
be uncondition¬
ally guaranteed by the Illinois Central RR.—V. 158, p. 1532.
Net
oper.
■Equip, rents, net debit-
E. W. Thomas & Co., Inc.; Atwill &
Co.; Cruttenden & Co.; Gregory &
Son, Inc.; Mullaney, Ross & Co.; Nashville Securities Co.; Newburger &
Hano; Singer, Deane & Scribner; Stix & Co.; Edward Lowber Stokes
12
above
1942
taxes
totals,
for
an
the
estimated
ordnance
third
of
for
nine
$650,000
the
year
month
before
to
on
•
,
.
quarter,
profit
production
■
totals
Federal
date.
The
profit is subject to redetermination of price and renegotiation.
profit has been renegotiated by the government with the result
adjustments
no
in
included
$3.62
tBased
were
necssary.—V.
158,
p.
1035,
1181.
p.
'
V.-
.
Investors
''
,v::
Syndicate—SEC
Knickerbocker
' ,'1.'
Contest Dropped—Consent
Judgment Signed by Company—Two Counts Still for
Tri£fiL
A
',
.
;/■■■'
'•%: '
special dividend of eight cents per share and the usual quarterly
of eight cents per share have been declared on the common
stock, par $1, both payable Nov. 20 to holders of record Oct. 30. Simi¬
lar
payments were made on Aug. 20, last.—V..156,
consent
judgment disposing of all but two of 16 counts was enMinneapolis Oct. 18 in Federal Court in the petition of the
Securities
and
Exchange Commission
for
a
permanent
injunction
against certain alleged practices of the Investors Syndicate and two
associate'companies. :
'•
:
'
Fund—Special Distribution of 8 Cents
A
dividend
p.
1953.
tered'/at
.
Counsel
1,325
l°l^on}Pany'.s Pr°P°rti°n of. the net income
™rfaioi°i jDlne conversion
a
twelve month. periods
1942 (based
ana
$10,384 985
290,885
2,609,035
c
5
M91
373,438
•
8,333
$478,904
Securities Corp. on Oct. 19 made a secondary
distribution of 5,090 shares of Class A preferred stock at
-
Allyn & Co., Inc.; The Illinois Co. of Chicago; L. F. Rothschild & Co.;
Stifel, Nicolaus & Co., Inc.; Equitable Securi¬
ties Corp.;
Hivsch, Lilienthal & Co.; Hornblower & Weeks; First of
Michigan Corp.; McMaster Hutchinson & Co.; F. S. Yantis & Co., Inc.;
Dempsey-Detmer & Co.; The First Cleveland Corp.; Kebbon McCormick
& Co.; Schwabacher & Co.; Alfred O'Gara &
Co.; Newhard, Cook & Co.;
$10 378 895
^
2,657,125
pfd. .stock-dividend
com.
13,818
198.961
co.
stock
$7^981^75
4,297
2,106,140
income
per
$8,014,121
.$6,076,835
13,071
MfnXCenl I>r0fitS taXeS";
int. m earnings of
Common
:"
C.
'11
Mm.
Earn,
872,620
surtax
profits tax
Dominion
income
Net
492,656
pd.__-
and
Excess
subsid.
598,719
%
1,071
$41,917
.
172,699
•
$25,818
Jones &
taxes), $3,682;
1943—12 Mos —1942
'
—_
chgs.-int
Normal
to
Other members of the group are E. H. Rollins & Sons,
Inc.; Wertheim
Co.; Blair & Co., Inc.; Otis & Co., Inc.; R. W. Pressprich & Co.; A.
130;
Subs.)—Earnings—
412,038
credits—
0.75%
Graham, Parsons & Co.;
315,078
$14,017,237 $16,842,763 $19,202,236 $22 647
862
7,528,364
8,229,923
10,727,905
11 396 347
receiv.
'
Pay Initial Common Dividend-r-
quarterly
$2,521 698
315,078
1943—9 Mos.—1942
Net income from
oper.
Other
6 by the Navy Bureau of Ordnance that
$60,000,000 naval ordnance arsenal at De¬
the
operate
Liabilities—Accounts
Gross
59,131
$433,138
notified Oct.
was
3%, according to
maturity. The bid of Halsey, Stuart & Co., Inc., was the
1,140,248
preferred
11,893
$42,988
-
119,212
Mellon
Co.—Navy Ousts Company As Plant
approval at prices to yield
by
for
$2.64
$3,661,946
95.594
$280,035
applicable
(
.178,127
require..
158, p.
the
Management compensation
.
"53*55
Prov.
$1,232,911
$2.32
equipment trust Series W 2J/2 % equipment trust certifi¬
cates, maturing serially March and Sept. 1, 1944-1951,
on
their bid of 98.3373.
Offering of the certificates is
being made subject to Interstate Commerce Commission
$3,658,949
324
—
deducts.
Operating
$1,072,454
$0.75
.Illinois
Central
RR.—Equipment Trusts Offered—
Halsey, Stuart & Co., Inc., and an associated group of
36 investment firms on Oct. 19 were awarded
$15,000,000
1,254,939
income
Dividends
$349,840
$0.65
shr.
Income,
revenue—,.
$42,547
____—
income
divs.
—V.
Ry.
1,279 806
405,155
income
inc.
$302,427
__
Investors Fund C,
108,333
440,163
income,
I Gross
1943—12 Mos.—1942
income
profits taxes
oper.
__
capital
for
the
SEC
and
the
defendants—Investors
Syndicate, In¬
vestors Mutual,
Inc., and Investors Syndicate of America, Inc.—pre¬
sented the agreement.
Judge Gunnar H. Nordbye signed it and set
Nov. 10 for a hearing on the two counts.
The counts
remaining for trial charge "gross misconduct and gross
,
abuse of trust" and assert that
the companies for the
partmental
of
a certain
group of officers is managing
"personal benefit of the officers/ directors, de¬
and divisional sales
managers and the equity stockholders"
Investors
Syndicate,
The defendants, in
agreeing
they
did
so
"without
to the
admitting
any
consent judgment,
misconduct
or
declared that
violation
of
statutes."
In
the
a
separate
three
"The
statement
companies,
effect
of
the
Earl
decree
Koppers COi—U. S. Court Sustains SEC Findings—
The U. S.
E.
Fuel
enjoin
the
defendants
from
doing
Associates.
Koppers United Co. asked the Commission to declare that the Brook¬
lyn Union Gas Co. is not its subsidiary.
Eastern asked to be declared
not a subsidiary of Koppers Co.
Koppers Co. asked to be declared not
a
holding company as regards both Brooklyn and Eastern,
"We think it appears that the Commission's findings (of denial) are
supported by substantial evidence," the three-judge court stated unan¬
imously.J
.
Renegotiation of Contracts—
The
Crabb, President and Chairman of
to
a denial by the Securities and Exchange Commission of peti¬
by the Koppers United Co., Koppers Co., and the Eastern Gas &
tions
year
is
Circuit Court of Appeals on Oct. 12 made public a decision
upholding
any
said:
f
'
-Earnings-
650,418 •'606,187
9,484
1,532
acruals—
res.
div.
Com.
379,408
Arnold.
$1,588,516 $18,740,048 $15,701 925
500,360
6,663,614
5,164.398
91,271
1,418,921
1,213,194
108,333
se-
:
$1,320,814 .'$1,377,003
49,086
:
$44,079
income
Pref.
388,697
$2,001,016
dividend of 40. cents per-share has been de¬
clared on the common stock, par $20, payable Nov. 10 to holders of
record Oct. 15 (see offering in V.
158, p. 985).—V. 158, p. 1532.
$13,752,995 $13,243,237
taxes—75,536
other
Net
An
renew¬
appropriation
for
and
;
replacements
reserve
Prov.
10,985,000
Co.—Earnings—
$1,673,478
555,134
Maintenance
Amort.,
7,555
13,304
10,985,000
1943—Month—1942
electric
revenues,
426,856
,
Period Ended Sept. 30—
Oper.
53,712
5,141
16,089
•___
debentures—.
771.
p.
111,269
re-
1—
158,
8,335
714,795
53,712
years—
Total
—V.
86,968
137,784
of
-account
—*___:
prior
14,249
8,335
rent
326,007
60,296
Idaho Power Co.—To
53,635
714,795
:
Advertising due-bills outstanding—
Refunds
24,880
•
debentures
_
withheld
18,469
50,645
~
57,378
loss)
Ry.
&
—
Net
troit will be terminated Oct. 28 and its operation
assigned to the Westinghouse Electric and Manufacturing Co.—V. 158, p. 1034.—
receivable
—
interest
14,103
35,903
accounts
interest
deferred
on
54,507
...;':V-
balances—.—
of
685,074
taxes—.
rentals,
credit
part
Debenture
;.
—
taxes
rent
Interest
X
of
rent
...
over
Deferred
.-
basic
812,495
%
over
etc.—
$342,936
640,074 '
expenses—,
advance
other
1943
„_
receipts,
gross
Unemployment insurance
Federal,
of
$1,825,317
109,668
116,297
'*
'
-100
___(
debentures——_
capital,-—L——:
of
Total
other
of
dividends—
Fair
$519,804
94,280
contract
5,260
——
$513,004
•
20,980
-
S.
Company
its
8,519,897
4,536
contracts.,
Investments in stock of affiliated corporations.
.
(net
income deductions
$1,980,036
102,827
8,177,388
—
,
Trade
37,331
income-.;
income
Gross
57%
427,369
434,048
.
$1,787,986
6,358
,
Operator—
653,683
(net)-.,.-.
v
$513,446
15,994
■
$229,821
—
Prepayments
^4%
•
$497,010
Hudson Motor Car
1942
$269,752
Inventories
4,227,642
with
the
1943—12 Mos.—1942
$113,452
13,350
income
Retire,
4,280,527
4,022,400
Federal, Dominion of Canada and Republic of Mexico income
taxes—V. 158, p. 392.
'
30
a
3,348,136
1,281,939
income
per
:'U.
earnings rental.
1943
_
Accounts
Sheet,
•
1,066,584
income-
income
Earns,
The plan, of reorganization provides for rentals on the annual, basis;
consequently the disposition of such income can be finally determined
only at the end of the year.
'
~
-
$125,175
/10,367
Gross
753,157
by
own
their
1
1943—Month—1942
___
i-
oper.„
$9,158,521 $10,488,205
'-''■
1,187,194
___
them
"approved"
or
affecting
and
or
rental
etc.—
■"Provision for taxes—
plus any operating profit that
minus, any operating loss that may be incurred in
half of the year, is subject to payment of the second half
earned,
$2,861,969
conv.,
Depreciation
def.$26,515 def.$18,200
revenues
.
Utility
i
•amortization..? tThe income of $685,074,
may
$81,143,065
1943—9 Mos.—1942
■
Operating profit
299,752
418,397
the debs.
_
additional
300,031
500,000
on
Operating
Operation
Other
$2,437,360
___
',3,019,225
3,075,485
Period End. Aug. 31—
metals
smelt.,
refin., freights,
Operating costs
$3,701,544
;
of
1943—3 Mo$.—1942
of
comparison
"Misrepresentations of material facts" ^
also is alleged.—V. 158, p. 1533. .
-Quarterly Report-
Sept. 30—
....
as
Jamaica Public Service, Ltd. <«ft Subs.)
496,803
12,823,428
Taxes
Howe Sound Co.-
such
"guaranteed"
were
^
a
prospecto refrain-from- certain rep¬
from
Maintenance
Market.,
$3,793,913
Operating expenses •___1—;
insurance, etc.
Rent
18,062,650
496,803
$65,335,615
—
securities;
they
by
"omission to state material facts"
or
672.
p.
their
that
or
refrain
18,000,000
13,653,195
._
—
Period Ended
\
1943
Taxes,
18,062,650
T
—
to
,
securities unless, accompanied
no
.'(to the detriment.of the others.(
17,141:-'
■
v
no
$5,284,279
income
oper.
par)__
no
„—
Total:
sold
Gross
18,000,000
to offer
t'5*
unless first approved by
registration statement was filed
a
In
the counts remaining for trial the defendants are accused of
"exchange (of. securities) involving double loading deductions, fees,
charges and selling commissions" in the interest of One company, but
811,937
19,417
.
—
securities
.
13,000,000
953,176
company—.—_
$100)—„—
surplus
—V.
par-value, common, stock, payable Nov. 1 to holders of record Oct. 22.
,This .compares with $3 per share paid on Dec. 18, last year, and $2.50
per share on Dec. 20, 1941.—V. 157, p. 2449.
Hotel Waldorf-Astoria Corp.—Earnings—
subsidiary
(722,506 shares,
Capital
'r;
*
in
(par
stock
Earned
>
:
stock
Common
254.
p.
interest
Preferred
of
if
their
repurchase agreements
.curities, and to refrain from fraud.
<
<•,
947,606
8,000,000
loans—banks (1943—matur. Mar. 31, 1946,
$8,000,000);'——
Res. for Canadian exchange fluct. and conting'.
of
securities until
no
about
Bonds
SEC;
Ser.
Corpi—Tenders Sought—
to offer
meeting the requirements of the SEC;
War
3.575.049
the defendants agreed to the following:
exchange
no
resentations
profits,
excess
taxes—
current
*,
^
offer
7with .the SEC;
10,525,400
•
To
■the SEC;
$1,000,000
————
pursuant to thrift plan
Federal and Dominion income,
Company ,has received permission from the Securities and Exchange
Commission to withdraw its $1 par capital stock from listing and regis¬
tration on the Los Angeles Stock Exchange.—V. 158, p. 1278.
Str George
prqcejed with a lawsuit which at best would be
to the companies and disturbing to the security
By consent judgment,
•
'
Serial
"
$65,335,615 $81,143,065
——
.
than
holders.'"
15-year 6Vz'/o
Notes
Hotel
basis .rather
prolonged, expensive
643,408
*
investment
not intend to do
$8,803,952
receivable—____—54,589,372
empl. notes and accts. receiv. v '
28,648
and
receivable, etc.—
Office furn., eqpt. and imrovements
The company
1943
$6,222,857
Other
Ilightstown (N. J.) Rug Co.—Debentures Called—
$387,000 of
*
v1
*v
Treasury Certificates and Tax Sav. Notes
S.
hand
Instalment
Travel
of
*
v
on
U.
.V:
1943.—rV. 158, p. 392.
29,
Consolidated Balance Sheet, Sept.. 30
\
*''
Cash
Monday, October 25, 1943
V.
reports that under renegotiation of contracts for the
Dec. 31, 1942, the Governmentl recovered $2,800,000.—
company
ended
158,
p.
1071.
'
f
Volume
Number 4223,v
158
*■-
THE COMMERCIAL & FINANCIAL
CHRONICLE
—**
1639
■
MM
(G.) Kreuger Brewing Go* (& Subs,)—Earnings— .....! 6 Months Ended July 31— ?
;• > !i 1943
& 1942 '/ -w 1941.
Income from
sales,' after excise lU'A' ■'*■>-; ;'•'•*
-
-
•
taxes, discount, and allowances—,.
$3,614,409
Cost of products sold—. 2,079,745
Selling,
delivery & admin, expenses
Operating
Other
4
from
income—,..
for
for Fed.
surtaxes
and
surplus
Dividends
Earnings
State
income
transferred
32,626
3.1,246
131,423
to
161,625
taxes
107,322
'
earned
$185,387-
paid
•
250,000
f
/■
50,000
$85,315
31,250
$0.74
in
'
banks
Accounts
Inventories
1943
,
and
hand—
on
receivable,
trade
'_i.
receivables and U. S.
Containers on hand, less res.
;
?
490,172
bonds—110,623
war
for
deprec.,
740,696
2,575,934
60,824
Taxes
$150,000
$450,000
boxes
;
:
and
Accrued
trade
142,917
255,757
348,312
_
tNotes
returnable
on
1,
Capital
stock
($1
surplus
surplus
Earned
Reserve
for
of investments
in
subs.
54,978
/
:
on
the
cents per
J.
F.
after
$1,243,706 in 1943
1944.—V. 158, p. 1348.
July 31,
1942.
1,497,859
45,876
45,876
$5,554,865
and
$1,067,689
Period End. Oct. 9—
^
It
Mr.
$
.v,;
had
1942.—V.
158,
Gas
Light
during
3,329
special
meeting
the following propositions:
upon
1.
,
stockholders'
A
stock
decrease in
and
of
stock from
common
been
as
Par
of
Value
In
called
for
Nov.
to
9
unissued
2.
shares of
The
such
issuance
3.
The
bonds
of
L
act
■»
W.
in
1.
the
of
connection
'
stock.
his
;
$19,000,000
with
a
certain
plan
of
the
dated
company
as
has
been
submitted "to
SEC
for
its
approval at
a
that
among
other steps
in
connection
with
said
of
each
share of- presently outstanding $100 par common
receive under the plan one share of $4
par common stock.-'
of serial debentures.—V.
'
:
.
■
158, p. 773.
■
■ •
...
.
.
Lake of the Woods
but
:.l.y^
in
1943
Legal
.
203,000
75,893
75,779
75,709
$291,651
in
controlled
cum.
on
common
accounts
$2,773,001;
819;
excessive
by
of
Mr.
war
said
he
"deemed
wished
to
additional
any
material
by
uni¬
a
177,227
,>$2.79
portion
excess
in
An
of
profits
goodwill, $250,000;
$211,169;
lines
with larger
-
■
directors
usual
par
extra of
-
.
profit,
■
,
the
more
the
margin
on
this
of
law,
in
Board's
high
our
is
case,
efficiency
four
-
,
Liabilities?—Bank
vision
.
for
taxes,
,
.
have declared
15 cents
and
Vega
following is
No
..The New
was
Courtlandt
company
the
details
extra
an
paid
•
additional
Of
common
,
.
.
on
S.
Feb.
be
of 35
27, last.—V.
cents
157, p.
255.
■■
has
delivery
to
:•*■■'-•-
48
the
as
later
profit
of
cents
as
for
the
company
to
year
post-war
to
expects
this
make
im¬
credit
filed
and
-
•
and
of
the
Fenner,.&
Pierce, ;
i
*;.-'
Beane
3,500
Mitchum,. Tully & Co.—__
F. S.
Moseley <fc Co.:
5,000
—P&ine, Webber, Jackson <fc
<
*
500
&
Miller &
5,600
E.
>H.
L.
1,000
&
&
&
2,5004;
Co.
1,000
Co-
7.000-
Boyce
1,500
.
Webster
American
and
3,500
Anthony
Dean
Weld
&
2.000
Co.—,—
Co.—
3,500
Co.——.
$500
Company—
2,500*
&
Witter
1,000
Corp
Trask
Tucker,
The Wisconsin
3,500
Co._^
.Blodgett, Inc.—
/ -White,
10,000
Brothers—
Bros.
Spencer
v
—
&
&
Barney
Swiss
2,500
3,500
Kidder, Peabody & Co._
Freres & Co.——
2,000
Stone
v.
&
Lazard
1,500
Sons,*-
Scranton
W.
Stein
1,500
Weeks
750
Co._—y-
-Rollins-. &
Smith,
,'5,000
E. Hutton & Co
Gardner—
Rothschild
F.
Chas.
-
_
&
v,Inc.
1,500
.8,000
7
Lane,/Space
1,000
Riter. &
■'
Co.,
Co.^
1,500
Co.—
&
Reinholdt
7,000
-
2,500
Piper, Jaffray <fe Hopwood
Putnam
*
Co.,
Corp.—_
1,009
Curtis
2,500
3,500
&
Hemphill, Noyes & Co.
p.
Marks & Co.7v ;.2.000
Lynch,
'The Milwaukee
3,500
Inc
1,500
_7—
■••1,000
Inc.
c
158,
Merrill
■7
Shares
Rhoades &
1,500
Company,
&
Loeb,
—j.
1.000
Co;,
Ripley
Hornblower
partici¬
Co.———/
,
Johnson,
M.
Laurence M.
,
"'2,000'
Inc.
&
their
of
amounts
Co.
2,000- //
;
Co.L—
Hall
Carl
<•
750
.
Forgan & Co.__-_i_
Graham, Parsons & Co.—
Harriman
the
1,500
Glore,
Lehman
Securities
the
underwriters
as
Underwriter—
1,000
j—.i—
Co.,
with
19
150,000 shares
:,r;'
Co., Inc.
<fc
The First Boston
W.
Oct.
covering
investment firms
Shares
Co
&
Inc;
Harris,
*
.
.
-underwriters
Dominick & Dominick
per
&
&
Co.
3,500
7,000
1349.
MacAndrews & Forbes Co.—Earnings—
share
6 Mos. End.
Period—
Earns,
1461.
for
deduct,
est.
3 Mos. End.
June 30, '43
t
after
all
Fed.
expenses—
inc.
&
9 Mos. End.
Sept. 30, '43 Sept. 30, '43
$212,123
$695,948
$483,825
excess
profits taxes
on
of
Oct.
the
198,000
earnings
by Robert
Dividends
preferred
Dividends
common
Surplus
Com.
no
for
shares
Earned
were
—V.
on
158,
—
—
companies,
19
two
Net
Aircraft
stock——__
of
1
record
and
July
Oct.
31,
23.
29,856
89,568
106,363
319,089
$11,904
$25,291
303.894
303,894
303,894
$0.74
$0.39
$1.13
-
(net)
share).—
—
•;
1279.
p.
Magma Copper Co.—Earnings!"
1942
1941
30,420,329
26,266,572
1943
Sept. 30—r
produced, lbs—
net'selling price
per pound,
♦Aver,
net
production
1940
25,196,811
Aver,
Air -extra
last.—V,
$433,948
i
$13,387
——.—_
(per
262,000
$148,123
212,725
period-—
outstanding
common
64,000
*
$285,825
59,712
stock
Copper
11.8509c
107,
Inc.
per
from
'
9.3141C.
pound
11,2729c.
12,0692c.
'
cost
7.9779c.
•
7.9864c.
*$709,290
mining oper._
$622,886
$771,690
$1,074,641
119,255
11153,590
t366,548
45,519
$642,141
$618,100
$1,441,189
*$754,808
162,850
'163,550
243,800
;-$454,451
$1.17
; $1;11.
$1,117,389
:
more
19
Total
that stockholders had sub¬
than 92% of the
stock offered them
Friday, Oct. 15.
Lehman Brothers and
of the
374,391 shares of
by the company at $14
per
,
/
.
,
subscribed.
with
a
The shares
stock
and
tax
Fed. nornial income &'
surtax
share.
Est.
;
income
§Earnings
managers
underwrote the offer¬
———
Fed. exc.*profits tax
Net
Smith, Barney & Co.,
share—
per
80.000
-$479,291
*
—
,
•
,
t
•
$754 808
$1.85
$2.74
"The average cost of producing .copper is after deducting gold,.-silver,
zinc concentrate values and includes all operating costs, Arizona
and
taxes,
social
Federal
security
taxes,
depreciation
and administrative
mine depletion,
but- does not include any -allowance- for
capital'stock tax or Federal incomevarvd excess profits
expenses,
tlncludes * $2,057
offered at $16% per
share,
commission of 50 cents per share.
were
securities.
-
*
and
in--' 1943
*
'
*
$319,130- iu
-
.
in 4940 after deducting-excess
■
sale
**
of
,
-profits tax.
SOn 408,000 shares-of'.capital sthek/.paT $10.;
^Includes lossr
y_
,
tAfter deducting estimated capital stock-tax and* Federal income tax,
and
The
taxes.
1941: profit on
-
,
'
offering was made -at 11:09 a., m.- and books werev closed ^afc
11:24'a.- m. -Bids, were -received for-71,881 shares and Allotments -were
made on* a* basis 'of *44.8^'." There were-265
purchases, by -65 firms;
The« largest allotment was 2,995 shares, the smallest 20
shares.
"
;
income
Est:, cap.
com¬
underwriting group which
ing to stockholders, offered Oct; 18, 28,785 of the unsub¬
scribed shares in a special
offering on the New York
Stock Exchange.
The offering was immediately over¬
Exchange-has- authorized* the listing of 13,158
(voting) without par valUe oti official .notice
the -company-irf consideration 'Of
;the issue arid
Liberty Mirror Works of 13,158 shares (no par; of this
fiscal
rates
in
stock.
taking credit
inasmuch
profits
37
from
follows:
as
Clement' A.. Evans
been
"reorganization
"
shares
be transferred,*to
&
Estabrook
Warrants to subscribe for-such stock
expired at 3 p.m.
issuance, purvsuantr to
will
■
scribed for
mon
.
,
lists
1
Dickson
(P.) Lorillard Co.—Stockholders Take 92% of StoCk—
•
:
j At»a meeting of- the board of directors held in Toledo Sept.'21;
i-esolufiofls were jadopted. approving;plan. of. reorganization pursuant
which the .properties' and business of. Liberty'Mirror,
Works. (Pa.)
after
are
the
the
to
increase
an
earnings
taxes
combined
a
excess
Other inc. (includ. RR.)
P.
.
...
In
Fedefal
at
for
conform
the
for
Act)
90%
the registration statement
other
be
Dain
Inc,
Lockheed
into
announced
Presidents
Feb.
resolutions adopted by the board of-directors
by which, the properties and business of Liberty Mirror Works* will be
transferred to the-company,'making the total number of such sharesapplied for 2,6<>7,959;
;
y;.
.'."i
*:
r..'j, f
]
to
and S, Bleichroe-
Hayden,
absorbed
was
Gross,
Company announced Oct.
.;
to
common
Clark,;:Dodge & Co.——2.500
only partially stated in
the selling price of our
dividend
par $25, both payable Nov. 1 to holders
of like amount was disbursed on
Operations—
:
will
R. S.
An extra dividend of 10 cents
per share and the usual quarterly divi¬
dend of 15 cents per share* have been
declared on the common stock
.
Shares—Acquisition—
names*of
J. M.
Corp.—Subsidiary to Merge—
involves
merger
of
summary
York Stock
of
tax
during
9 Mos. Ended
Libbey-Owens-Ford Glass Co.—Listing of Additional
Common
$0.37
income
offering of which is expected next week." Goldman,
Co. with a participation of 17,500 shares will head
the group.
and
Loew's Boston Theatres Co.—Extra
Payment—
property
of the mill operations of this company
for the three months ended Sept. 30, '1943; The mill treated1
71,503 tons
of dry ore, receiving
$1,206,421, including premium.—V. 158, ,p. 1279".
a
1942
public
times
entirely owned by Lockheed for two
change of ownership whatever."
available, but it was recently an¬
nounced that Courtlandt
Gross, President of Vega Aircraft Corp., had
also been appointed
Vice-President and General Manager of Lockheed
Aircraft Corp.—V. 158,
p. 1349.
;
years and
.
par
Lake Shore Mines, Ltd.—Mill
The
reported
profits
debt
Alex: Brown & Sons
i
said:
"The
shares), $2,953,780; 7%, cumulative pre¬
ferred stock
(par $100),
$1,500,000; earned surplus, $2,666,983; re¬
fundable portion
of excess profits tax,
$211,169; total, $12,372,286,
—V, 158. p, 475,
;
/
v-':-.iia
share
per
profits
Central -Republic
quarterly dividend of 15 cents per share on the com¬
$10, both payable Nov. 30 to holders of record Nov; 10.
Aircraft Corp.
will
effective about Nov. 30, it
Gross
who
loans, $3,335,000; accounts payable, $736,833; pro¬
$818,786; insurance and other reserves; $149,735;'
capital stock (147,689
made
1942).
$1,974,257
and
resulted
increased
of
Act
Revenue
surtaxes
have
have
of
1942
provision
the
would
cents
der„ Inc..—
•
.
■
48
the
of
Act
excess
the
Arnhold
sundry invest¬
$611,194;
total, $12,372,286.
company,
accu¬
payable
was
$0.70
Revenue
on
provision
of
Adamex Securities Corp.—
A. C. "Aliyn & Co., Inc.—
Iniquitous
our
of
value,
par
distribution
,
after
Underwriter—
these no-profit
allowed on the
..
account
on
no
similar
provision of $3,025,779 for Federal
and
would
amendment
Sachs &
reason
company
than
stock,
A
1943
$4 cumulative preferred stock
issue,
statements .follows:*,..-.
own
.
Vega
Corp.,
E.
Aug. 31, 1943 :v'r
tax,
they
rate of
a
a
$60,148,127 $56,019,855
"1,266.443
t693,565
normal
Exchange Commission
of-
Because
stock,
The
net, $69,786; investments, $15,-
controlled
above
to
England
*
providing for bad and doubtful debts),
$4,296,689; deferred charges to revenue, $54,of
Adjustment
to
on
pation
Price
the
and
sufficient
Prov.
(after
investment
account, $4,084,097;
banks,
producing at
are
Lockheed Aircraft
$2.53
in
the
accept
A
25.
Underwriters Named—
v
the
1942 of 2
New
mediately available.*
1
that
by
Note—The
refund
retire
reply be made not
says
class
(based
passage
for
Reduction
reported
you
Lincoln
evidence covering the
because of the fact that
iniquity of
the
177,227
and
to
Mr.
up
has been declared
Oct.
after
and
(before
45^
taxes:
in determining the
renegotiability of the contracts
Forrestal,
1,
addition
the
adjustments for 15 job
to 10 cents per hour.
wage
week
per
share
common
interest,
of
rate
manufacturer.
above.
An
105,000
hand
Mr.
record
profits taxes
estimated
grant the company
information
and
to
a
per share
interest and
excess
tAfter
profits
of
$1
participating
holders of
per
"After
1942.
Forrestal
individual
from
profit
and
,
and
$478,700
stock—__
by
Inc.—$1.50 Accumulated Dividend—.
$1.50
the
on
to
Earnings
agree¬
written
mon
.1,688
105.000
inventories,
$6,531;-
-
$517,060
receivable
refundable
ments.
voluntary
Act
approved
in
company,
Lionel Corp.—Extra Dividend of 35 Cents—
$441,020
35,991
,
105,000
pld.
Consolidated Balance Sheet,
000:
.
stock.,_r. .177,227
share.—, V $1.59
common
on
$479,593
-1,475
—$341,134
on
Assets—Cash
a
our
other
is
The
1,705
Z-#* 35,991
1,495
profit
Dividends
per
,
47,988
cos.
investments
Dividends
Earnings
850
.
announced
Aug. 2, last, which compares with $2 paid on Dec.
23, 1942,—V, 158.
—V.
7.790
79
has
the
443,939
7,721
this
is
291.
Board
reach
"the
1
Net
Argument Against Decision
to
wartime.
196,213
601,319
Profit
Net
Adjustment
105,753
1,226,432
fees
Divs. .-from invest,
to
on
McKesson &-Bobbins, Inc. (& Subs.)—Earnings—
product has been reduced to approximately one-third of that at which
comparable items are. sold to Government by other
companies.
Be¬
cause
of this
reduction
in
selling price which we have produced,
there
has
been
a
saving to the United States Government in its
war
effort on our type of
product alone of more than $200,000,000.
This efficiency is fined
$3,250,000.
$1,272,132
7,543
income taxes_
pf
August,
3 Months Ended Sept. 30—
sales
makes
Price
to
issuance
submit
•
-
155,317
Federal
salaries
Income from
$1,486,381
118.120 r
fees
Executive
.
respect
Calls Law
1941
-
154.101
Depreciation
for
-•>*
1942
' :
$1,911,016
—
Provision
to
profits,
any
"The
t
employees
in
Net
proposal
which
concern
were
James
up
by renegotiation to the profit
output of that; company.
If we should allow our men to be
penalized for
their efficiency then
their production
rate probably
would drop to that of
industry generally. That cannot be countenanced
i,'-
:
•••••',
.f
(Including wholly-owned subsidiary companies)
Directors'
unable
Renegotiation
the
entire
will
Milling Co., Ltd.—Earnings—
Years Ended Aug. 31—
Net operating profit—__„i___
Interest
the
supporting
hence
items
"
:V:
to
18
our
competitors.
Hence our cost, plus our profit,
selling price, is less than the,:, cost alone of any
However,
renegotiation
recognizes profit
only—not savings- to the Government by efficiency.
"Since the
competition makes no profit on its welding products
and
re¬
plan further contemplates that the funded debt of the company
after consummation will be $22,000,000
represented by $19,000,000 prin¬
cipal amount of first mortgage bonds and $3,000,000 principal amount
-
with
the
Forrestal
\ '
:
letter
"Our* workers,
The
-
Mr.
*
new $4 par value shares
wiU.beapproving said plan, with the result
that each share of presently
outstanding preferred stock of $100 par
value
will receive under said
plan 11 shares of the $4 par common
.
Oct.
renegotiation
of said profits and the
subcontracts giving rise thereto,"
asking that
than Oct. 21.
"The
plan
Is contemplated that certain of the
cancelled by the order of the SEC
.
under
contentions
competitive
it
i
on
p.
.
hearing.
and
that
had been
company
letter
plan.
stock
wrote
recommended
opportunity
that- of
added
wrote
company,
,
also
dividend of
Nov.
renegotiation, as it is now being adminis¬
tered, penalizes efficiency aud rewards inefficiency in the manufacture
of war products,
It has already tremendously Interfered with war
production and its iniquitous effect in this
regard is rapidly increas¬
ing."* He continued:
; *.
*:'
authorized but
as amended as of June 15, 1943, "and constitute, some of
that are required to be taken in order to consummate said
This plan has been approved'by the Missouri Fublic Service
was
it
8
the "company's refusal
decision "is the fact -that
:i
•'../■
Board
Lyons-Magnus,
A
157, p. 475.
books
share in its-
It
the
stock,
each
per
Cleveland—Challenges Order for
of
for
1941,
and
Oct.
that
you"
the steps
cent
cents
75
The
stock
569
rise
ranging
157, p. 731.
—V.
per
determination
:
of $4 a share par value.
v
•
principal amount of first mortgage
$3,000,000 principal amount of serial debentures.
Childress,' President, stated these actions are "proposed to be
Commission
of
issues.—V.
important rejection of a
company
is
a
cooperative
on
him
by
In- his
and
taken
Aug.
common
for
three-ceht
classifications,
cents
50
"Otherwise," he wrote, "action will be taken to eliminate such
excess war profits for
your fiscal year ended Dec., 31, 1942, by direct¬
ing the withholding of payments otherwise due to you
by the Govern¬
ment and by prime contractors with the
Government."
the outstanding shares of preferred
as authorized but unissued shares of
approximately; 2,000,000 shares of
common
issuance
dividend
of
B
stocks, all payable Dec. 1 to
1, last year, an extra distribution
these
on
dividend
a
previously unissued
general wage increase, retroactive to Dec.
a
hour
per
The
to
The
board
full
and
par value of $100 a share to a par value of $4 a
a
corresponding increase in the number of outstanding shares
preferred stock and of outstanding as well as authorized but
such
was
specified
share and
of
Approval of
cents
rods.
your
later
/
,
well
share
per
$3
'
On
$197,802,
r
the par value of
outstanding
Dec.
made
was
quarterly
common
On
extra
an
excessiveness
Reduce
has
1.
with respect to the $3,250,000 of asserted excess
"such amount of the costs for such fiscal period recorded
which are eventually disallowed by the Bureau of
Interna) Revenue of excessive profits found by the board to have
been earned by you for such fiscal
period."
the four weeks
during the same
Shares—Proposed New Financing—
A
and
12.
common
payments
with
Lynn Gas & Electric Co.—Wage Increase—
common
Nov.
on
a
Co.—To
cents
first
the
present any
Laclede
40
share
per
the
on
on
profits plus
••
1279.
p.
is
with
lateral
1943—40 Wks.—1942
.'y.;
•
average number of stores in operation
Oct. 9, 1943, was 3,028,
compared with
ended
period in
■
on
advised
The
&
"
S
29.769,570 322,877.621 285,281,879
32,878,942
The
$
*'>*•
70 cents
record
of the Navy,
that the company
"must
accept" the decision of the Navy's Price Adjust¬
renegotiation of the company's war contracts for
Forrestal
ment
1943—Month—1942
"* .<•••
usual
President
refuse
record.
on
1942.
in
Kroger Grocery & Baking Co.—Sales Increased—
Sales
of
of
share
of
Under-Secretary
to
Board
realized
"»
holders
distribution
declared
20
the
Nov.
share
Lincoln,
continue
ment
$5,574,596
of
to
common
record
Forrestal,
2,357,702
contingencies—_
Manufacturing Co.—$2 Distribution—
dividend of $2 per share has been
declared on the
1 to holders of record Oct.
19.
Similar
general
Oct.
on
addition
54,978
\
25 cents each
May 1 and" Aug. 2, last, as compared
Feb. 2, Aug. 1 and Nov.
2, 1942.—V. 157, n. 1651.
579.
p.
directors
welding
tDue
158,
extra
an
Lincoln Electric Co.,
250,000
1,643.085
.
Luther
A
mulations
;
2,357,702
————
capital
Renegotiation—Practice Penalizes Efficiency of Workers
250,000
•___
—
;
depreciation
year,
in
of 25
144,798
225,000
par)
Total
♦After
dividend
an
par
payable Nov.
cents per
last
holders of
257,703
95,174
__
payable—bank—
Common
stated
Co.
extra
share
261,551
240,191
-rV'/V':*r.*y• '*-7' ■
bottles
expenses
for revaluation
Reserve
*
the
Glass
have declared
share
payable
Deposits refundable to
the
20
dividend
a
.$10,
payment-being
of
393.
p.
Oct.
on
directors,
stock,
were also made on Feb.
16, May 15 and
Aug.* 14, this year, while on March
12, 1943, a special of 20 cents was
paid from the earnings of the 1942 fiscal
year.—V. 158, p. 1474.
company
Liggett & Myers Tobacco Co.—Extra Dividend—
59,157
■
_
of
amount
therefor.—V. .158,
the
of
War Labor Board.
$5,554,865
bank
(current)
trade.—:
the
over
of
account
2,701,879
$5,574,596
—_
surplus
quarterly dividend of 40
$5,; both payable Dec. 1 to
made.—V.
h
•
payable,
excess
issued
capital
usual
par
Dec.
580,891
etc.
*
the
stock,
29,047
—
payable,
any
be
to
The directors
and
128,577.
equipment..-—
Liabilities—
the
Life Savers Corp.—Extra Payment of 70 Cents—
610,041
,
145,116
—
Accounts
and
with
announced
that at the last regular meeting of the
of 25 cents per share was declared
on
payable to all stockholders of record
Oct- 30," with
made within 15 days thereafter.
This
dividend was declared from the
earnings of the company and its sub¬
sidiaries^ By-Products* Steel Corp. and
Lukenweld, Inc., for the fourth
quarter of the company't 1943 fiscal
year which ended Oct,
9, 1943.
Distributions
on
value,
shares
The
_
book
credited
was
common
made
850,647
.
It
board
-the
of
'
1942
•'
shareholders
covered
See Libbey-Owens-Ford
$594,625
Prepaid expenses and deferred charges——
Total
and
Liberty Mirror Works—Assets Acquired—
"*
Notes
be
the
«
>
739,027
—^
Sundry
and
of
$0,40
■
$712,203
__
<neti_._
Federal and State excise tax
stamps
and crowns on hand—.
♦Plant
shares
their
will
62,500
$0.34
Works, except such changes
in the ordinary conduct of its business
:
directors
com¬
_
Assets—
Cash
of
$102,054
,
V "
Lukens Steel Co.—To
Pay 25-Cent Dividend—
Mirror
1943.
of
meetings held
The
'' *
;
Comparative Consolidated Balance Sheet, July 31
-
at
68,912
."7
Liberty
'
'
The company will
pay, through the Central Hanover -Bank & Trust
Co., New York,-N. Y,, the*
principal of its- 7% -debentures, together with'
interest in* full to Oct.
1, 1944, on presentation of the bonds at the
bank.—V, 158, p.'1474.
Liberty Mirror Works
Sept. 28, approved the plan of reorganization.
by this listing are to be capitalized at the stated
value thereof, to-wit: $6.25 per
share, in the aggregate of $82,237.
Upon consummation of the plan of reorganization, the assets and
liabilities of Liberty Mirror Works will be taken over on
the basis
122,127
,
board
of
will occur
or
August 31,
The
<
.
per share on
».
have occurred
as
33,613
150,960
.
shares
mon
14,571
position
Purchasing Debentures-^
V.
extent
the; financial
'$326,707
'
income taxes and
L___
,
22,734
$355,305
.
depreciation
profit
11,800
the
after
Provision
Net
$312,136
$530,599
i'
——————
Provision
-
866,644
$332,571
•
the company of a portion of its own
shares at $38 per share
of any reduction in net worth of
Liberty Mirror Works
which may result from any excess or Increase
of liabilities, or deficiency
in
assets
represented
and
warranted
to
be
transferred
by Liberty
Mirror Works to the company.
The plan of reorganization further
provides among other things, that there will not be
any change in
to
$2,471,942
1,033,697
.
by the company of the liabilities of
subject, however, to possible adjustment by the
return to
•
1,412,901 .V 1,293,161
$518,799
.
•
Income
Deductions
.
profit
income
; Total
$2,779,170
1,015,865,
assumption
Liberty Mirror Works,
.
.
1
the
and
company
;•
on
.
v
//
sales *of securities of $192,862.>'
4♦*Production reporfls-omitted
*\
•'
.V,i
v
/
1
duetto; censorship regulations.—rV.458/
1640
THE COMMERCIAL & FINANCIAL CHRONICLE
<P. II.) Mai lory & Co., Inc.—Stock Distribution—•
A
stock dividend
20%'
common
stock,
Oct> 30.
Cash
June
and
10
no
dividends
Sept.
The directors
10,
of
payable
20
last.
shares
holders
of
made
were
of
10,
■
final cash, dividend for the
a
in November, the
at
to work
—V.
158, p.
Monday, October 25, 1943
to
employes who resign from the union;, that the WLB
had violated the requirements imposed on it by Congress
by •denying-'
the company a fair hearing; and that the WLB,
was
biased, took, no
evidence, denied the right to examine witnesses, and assumed the;
truth of facts concerning which no evidence was introduced.
-A-;J/
•> The company declared that the Board's order, was
partly an attempt
to penalize the firm for statements it
had made concerning the case.:
record
March
on
V
■;
.
288,860
to
10
each
cents
the
on
Nov.
the next meeting of the board
v-; V-i"
/j
• • •
"'
stated,
company
declared
been
will consider payment of
fiscal year
current
has
value,
par
right
1535.
.
Naugatuck Water Co.—To Pay 50-Cent Dividend—
The* directors have declared a dividend of 50 cents
per. share
the.'common stock, par $25, payable Nov. 1 to-holders of record Oct.
A distribution
of. 75 cents per share iwas made on
pared with 50 cents
months.—V,
157,
Nov.
on
2,
1183.
p.
-
during 3942 were as follows:
March 10, June
fiept. 10, 20 cents each; and Dec, 10, 40 cents.—V. 157, p. 641.
10
New England Gas & Electric
and
Mountain Fuel Supply Co.
(Utah)—30-Cent Dividend
For
the
week
ended
Oct.
15,
The
the
-Marion-Reserve Power Co.—Earnings—
Period Ended Sept. 30—
$4,336,718
2,201
5,133
25,468
25,292
$379,290
$353,008
$4,362,186
178,064
156,147
1,934,238
27,364
25,403
322,201
Operation
taxes
Federal
inc.
-profit
_
and
58 625
reserve
45,127
15,501
—A ;'
retir.
for
15,823
44,838
1,804,922.
John
Div.
1
744,071
mier
506,645
208,199
215,284.
>
485,109
$668,369
$808,519
24,920
297.694
their
$5
on
$44,773
$370,675
$505,520
13,461
13,461
161,530
161,530
$16,858
pfd.
$31,312
,
Balance avail, for com.
—V.
158, p. 1349.
$209,145
3 Months Ended
Net
income
Consolidated Mines,
Sept. 30
from
metals
produced.;
1942
1941
$238,992
S219.429
140,992
203,640
the
$24,900
$35,352
496
181
profit-
$25,390
-
j
535,534.- A- $22,651
11,800
2,689
87,359
it
as
881,686
Income
An
Net
1,719,000
1,187,051
40
1.L__—1"
—
2——
$4,132,741
for
Nov.
1,275,322'
Oct.
on
15
paid
$1,
par
dividend
a
holders
to
Sept.
May
company
with
I arcs
10
Lnd
Oct.
on
15
20 cents
cents
paid
June
on
18
declared
a
stockholders
to
of
June
011
15,
of
30
as
only
also
no
A
dividend of
p ayable. Dec.
J.5
cents
CO
cents
dividend
Missouri
Sept.-
of
18
lev back
Court
and
is
the
is
158,
quarterly
25
refund
Other
This
8.
has
July
1
last.—V.
of
5
time
payments,
to
buy
cf
of
the
bond
H.
the
on
cents
1072.
p.
was
Biggs,
hearing-,
Ended
is
retiring
30
junior
158,
income
■2.
own
$1,250,000
Payment of back
New
Orleans,
Northern
interest
Texas
firsts
in
Mr.
cents
This
Dec.
on
tax
has
of
been
the
Mexico
by
per
%
uptcy
com-
15,
1942,
common
stock,
Hotel
Dec.
30,
1941,
and
compromise
to
-
,
Formation
of
a
new
announced
was
filed
Oct.
in
16
two
to
new
1940
Sugar &
Int.
Misc.
on
rubsidiary
The Texas & Pacific
Aeronautics Board, the new
Civil
miles
of
domestic
use
company,
routes
helicopters
to
as
be
of
the
well
as
Subject
Eagle
of
jointly
Laredo
of
the
and
El
Paso,
Tex.,
companies.—V.
158,
by
would
to
with
with
p.
the
start
Pueblo,
routes
planes
service
as
H.
succeed
tail
stoies
The suit
t
Omaha
paralleling
and
ItU.
over
directed
Gtabili'/ation.
It .asserted
the
WLB
local
proposes to
in carrying
as
the
The
Constitution
158, p. 293,
consoli¬
a
in
as
Federal
No
1942.
profits
excess
1535.
.
Report—
13,800
181;783
202,552
$89,373
1941
1940
$590,571
10,615
10,548
16,109
32,556
36,855
35.279
26,084
21,326
$1,060,089
$1,609,581
$746,284
$644,452
841,623
1.030,216
557,778
604,311
121.432
:
157.498
135,458
132,202
11,330
13.790
13,930
23,099
.
13,535
20,661
26,000
1143,073
9,164
Cr3,473
Cv17,465
Cr4,S40
Crl5,600
account'
$67,220
$286,993
$28,351
deficit
516,496
803,489
831,840
709,117
$422,276
$516,496
$803,489
$831,840
S.
Cuban
income
and
adjustment
carried
to
at
1HI3
$27,000
v
plant,
operated
formally
was
The
National
Rubber
by
this
opened, at
Synthetic
_
31 A-
July
estimated
ex¬
Rubber
Manufacturing Co.,
provided
a
technical
and
staff
insurance,
Cuba
and
gold
surplus
is
and
E.
$254,500;
;
■
-
31,
>
.
1913
of
$4,467,770.—V.-156,
$100i,
without
1507.
p.
and
other
mortgage 7% sinking
$27,691; reserve for con¬
'
-
$3,892,500;
capital
consideration, of
deficit,
$422,276;
stock, -$607,500;
-
$34,908: accrued
income
first
(par
acquisition,
company's
for
reserve
censos,
stock
common
through
the
accounts payable,
$42,800;
Cuban
■.%
-
6,075
total,
.
Minnesota
New Process Co.—To
A
dividend
stock,
payable
was
paid
Treasurer, respectively;T..>Moffatt,
H. Lefcchworth, Secretary,-r-V. 156,
p. 2135.
Nov.
2,
and
of
50
cents
Pay 50-Cent Dividend—
and
,.
to
holders
Dec.
on
28,
'
.
has been
of
2,
Aug.
V'.'
.
.
1
and
I
1942, while
293.
p.
Nov.
May
on
share
per
.
General
Executive Vice-President
July
$5,440;
States,
manage
..
are
1
Sheet,
etc.,
United
$23,182;
arising
shares
the
constructed by the Defense Plant- Corp. ... .. .
President of the. new
company;Dr. BJ J.vOalces
Collins, Jr.,
Vice-President
bonds,;
tingencies,
Ky.,%
Corp.,. Goodali
the
!iDeficit..
payable, $1,525;
rent,
in
fund
corporation
to
over
reserve,
Liabilities-Draft
Co.
have
carried
prior
year
adjustments,
flndudes
Additional taxes bAscd on provision uf pro¬
(net).
taxes
Corp.
molasses
and
sugar
ti$122,723
hand,
on
surplus,
Louisville,
Cr373
sur-
in banks and on hand,
$224,325; accounts receivable,
$74,653; raw sugar, under contract, $200,490; molasses
$35,724; merchandise in stores, $75,448; advances to
Coionos,
planted and growing cane, and working assets; S417.444;
capital asset's,
$3,418,978;
deferred
charges "'to
lutihe • operations,
$20,700;
total,
$4,467,770.
receivable,
Rubber
C/5,995
Assets---Cash
-
Jess
stocks,: $8,-
for
"018,918
;
of
Balance
■
.
.
,
,
common
dividends
.
.•
taxes...-
$77,937
39,
31
$703,431
.-"Net
inventory adjustments on
from
previous crop,
and other
$280,489
$27,396;
July
1942
2,417
Deficit
v
$271,156
sold,
Ended
$1,563,753
15,941
3,155
Sept.
Years
$1,012,619
emet)
invent,
Bal.
$69,968
rubber
M.
and
966
record
last,
$2.25
and
declared
Oct.
share
per
20.
May
on
1
on
the
common
A
like
amount
and
Aug,
1
disbursed.—V.
was
and
158,
.
New York,
revenues
exps.
Other
&
.1943—3 Mos.—"1942
——
The directors
of
These
of
Co.—Earnings—
_
tiie
1929,
1943—12 Mos.—"1942
2,352,123
11,074,459
1,535,291
1,546,314
—_
income—
income—net
remaining
accrued
$3,920,921
6,077,374
...
,
6,329,998
Total
Int.
income
$3,629,467
deductions
1,167,115.
$2,795,200
interest.
debentures,
1
•
Net
Net
income
$2,462,353
2,333,551
Dividends
Balance
Earnings
r.4,806^381^.
$2,332,349
$9,629,800
8,556,355
Brownsville
rail
ing
the
plicable.
$1.50
1943
1942.
have
■
:
been
&
accrued
profits tax
at
rates
periods
to
which
credii
10%.;
of
imposed by
the Revenue-Act
"J.,
;
4
company
periods
Company's
to. date has complied
$304,893,
$251 806,
shown. —V.
158,
p.
Pension
Plan..
,
with the order and
$1.oro,880,
1535.
represent.the
and
Year
to
1,
next,
at
par
remainder
in
October,
"
1943—9 Mos.—1942
.
2.075,000
346,606
295,634
1,202,3241,146,786'
18,091,800
825,300
8,333
816,966
10,318,300
712,874
8,334
12,800,000
2,946,028
.
income
704,541
2,620,030
'
9,659,741
6,968,235
6,030,072
other
2
1.'.-.—:
158,
'/ v
Date
$8,058,103 $74,833,696 $64,009,094
2,'J94,800
approp.
and
$746,354
Under,
protest, the
charged, against in¬
for
the
A
160
,
75,000
•
75,000
6,893,235..'.
5,955.072
1351.
p.
notice
to
Market
(J.
,
1942 and thereafter, that portion of pension accrual charges de¬
signed to arrest the growth of the so-called unfunded actuarial reserve
the
Dec:
Susquehanna & Western RR.—Interest—
holders
of
J
Truste
Warrant
.
Terminal
first' mortgage
bonds dated
:
Norton,
No:
1,
of
this
the
at
St.," Paterson, N. J.,
158, p. 1352."
company's properties,
officeof the
on
and
after
May
will
T
pay
Secretary-Treasurer,
Nov.
1,' 1943 upon
of
year
under
1941,
presentation.—V.
Federal, taxes
1942, the Federal Communications Commis*
directed the company to eliminate from operating
expenses for the
requirement
and
1943—Month—1942
.
interest" oil
ap¬
JBy order dated Dec. 2,
sion
1940
i>8,570,979
railway taxes
operating income:
;'-
'
excess
on
outstanding;
profits
exc
1893, says: '
Henry K.
other items made dur¬
■'
,
%
$6.27
;
of
now
%
'
inc.
—V.
$75,730
$6.19
been .distributed to the
'
'tAfter deduction
come,
by dentin" the
$387,722 ; $1,073,445.^.".
$1.58
haVe
.1942
year
redemption,:
9,334,206
"Certain retroactive adjustments for taxes and
lines
Union Order
share
in
Earnings for September
•
'loss
$9,409,936
1,944,626
$128,801
per
issued
of income„.„L
Bal. transf. to profit &
-
the
debentures
$20,000,000 of unsecured 6%,;' notes, which were sold
extended in 1932, 1935 and 1938.
•■%;•%•%.•;■
axes
Net
6%
:
..
Other
$3,509,344 $14,306,793 $14,216,317
1,176,995
4,676,923
,
authorized
Period End. Sept. 30—
Fed.
7,989,837
$3,725,694' $15,459,368 $14,813,912
Rr2l6,351 Drl.152,575
I)r597,595
(>'291,453
„
.'
19
and
'
;v
Oct.
on
Gross
3,008,247
taxes
,the
and
excess
taxes
oper.
'•
1943—40 Wks.—1942
$25,693,316 $23,554,312 $99,597,746 $90,824,068
17,217,834
15,941,204 «66,986,544
61,690,321
—„•
Chicago & St. Louis RR.- -To Redeem 6%
Debentures—
1943—4 Wks.—1942,
$7,156,187
$6,998,808 $70,386,167 $69,209,249
of stores
in operation on Oct.; 9,
last, - wa? 889, as
year earlier.—V. 158, p. 1281.
a
income
profits
-
the
for
receivable
bills,
plus
1941
'.
was
is
Benner
number
tFed.
include
New York Citv.
violated
1943,
year
9,710
for
TJ.
Nct
7,849
Account,
depreciation-
Previous
,
New England Telephone & Telegraph
per¬
against the WLB and the Director of
Economic
order
joins in
company
the
payable: AAA
Prov.
-
Co.,
Period End. Sept. 30—
6 000
and
in
Denver, Detroit and
was
198,30Q
bondsj
drafts &
011
notes
R.
,,
the
■
on
the
for
necessary
the above periods.—V.
New,York,
present
1534.
return
considered
f. gold
s.
104,781
,
Sheet,
reported,
Hamilton
'
against
its
of
enforcement
in
Reserve
companies
Sales
Inc
the District of Columbia
Federal Court Oct 5
of a War Labor Board
order
directing thatfhe company grant, maintenance of membership to a
CIO union in re¬
prevent
on
51,828
*
Manufacuring
Operating
j;Operat.5ng
and
soon
$1,090,229;.
198,360
expected,
as
tax
been
expense-1.J
-
163,333
securities
Period End. Oct. 9—
for
to
W.
Net
would
$938,518
*
income
$401,212
Commerce
RR
through
Terminals
Montgomery Ward & Co., Inc.—Sues
The company sued
706,962
and
nifg.
costs
selling and gen.
Prov,; for
'
.
authority
operate
railroads,
transport
obtained.
Orleans,
$1,803,191
689,948
produced
mol.
incom
and
National Tea Co.—Sales Show Increase—
•<
bond¬
Airlines
Pacific
would
cities
conventional
passengers, mail and express, and
mitted and as equipment can be
Ot. Louis,
Memphis, New
59,078
$1,628,466
income
Sinking- funds .&
108
$1,744,113
interest
reorganization.
Missouri
company
linking
owned
for
synthetic
is
Vice-President,
and refunding*;
International-Great
service.
The
Co.,
&
Manager
of
first
company,
Ry.
$1,576,005
^
.....
have
disct.
Total
Synthetic Rubber Corp.—Opens Plant—
it
14,
William
and
advantage
the position
group
serial 5s.
and
&
1942
int/Ai
&
$8,615,462.
plant, which
W.
court.
by
508,631
-
L,
either of
$347,788
banks, $204,216; investments in
'
better
improve
Pacific
plan
18
534.244
485,822
i.'
dividends
Federal
1943
46,417
___
in
Rubber
five
tOther
Oct,
318,915
287,804
;
income
$302,220
.'-'Ay
by the Lee Rubber & Tire Corp., Hewitt
The
Federal
groups
opposed
used
would
firsts
air-transport
on
1,764.828
52,460
income
011
acquisition
company's bonds
6,502
16,000
"
,
20,000-ton
Rubber
Forms Eagle Airlines—
(Del. i,
%
472,695
l
1943
Corp.—Earnings-
$233,301
total.
the
owned
..
......
Interstate
tiie
1942
$5,343,426
property,
l
record
committee.
director
a
•
;
.
for
receivable
Oct.
011
moved a
step closer to eventual
emergence from
bank*
proceedings Oct, 20 when hearings opened at
the St
George
in Brooklyn before
representatives of the
011
V
year;—»,
474,265
of
.1
income
■
Prod,
Liabilities—Due
for
with
compares
road
Commission
last
1943
equipment
Income
■
for securities purchased, $40,049; reserves
taxes, etc., $40,538; capital stock ($1 par), $1,586,604;
$6,948,271; total, $8,615,462.—V. 157, p. 2254.
Reorganization Plan Hearings Start Before ICC—
The
>
65,125,509,
was
of
$5,210)382
2,045,796
New Niquero Sugar Co.—Annual
the
on
issue
penses,
A
the
on
Pacific
the
■
340,690
of
Vice-President, effective
companies,; but,, will con¬
finance
elected
inc.
.
Missouri
011
and
as
17,
extras
of
this
on
-
'
National
This
Biggs
be
which
Missouri
authorized
was
1943,
week
deductions
tax in
the
on
and
holders
to
150, p. 4132.
profit
paid
$19,700;
30
a
who
1943,
Oct.
Note—-The provision for Federal income tax for the
period beginning
Jan. 1, 1943 is computed at the rates for individual
company returns,
sis prescribed in the Revenue Act of 1942.
This provision may be
1942
holders
1174.
p.
affiliated
member
a
Sept. 30—
_
Assets—Cash
1
holders
16,
ended
-
corresponding
(deprec.)
posed 1942 Revenue Act.
security holders.
"
Mr. Biggs said he
represents Fred D. Wilson. Plainfield,
111., owner
cf $150,000 in Missouri Pacific
general 4s, and Andrew W.
Comstoclc,
.Chicago, as an individual and representative of
..
Oct.
week
income
Net
Also
—
share
per
made
were
Executive
as
retiring from
at*d
Fed.
poss.
364,151;
20.
representing
could
money
tenures,
the
kilowatt
number ' of
ended
the
l
interest,
on
Nov. .19..
issues
>
of 106.213,-
•
over
retirement
Preferred
and Oct. 1, this year,
of SI.25 was made.
-
Balance
Judge George H. Moore's order' of
Thompson, trustee, to pay $18,194,550
A.
court
contending
the bonds
up
.
Guy
three
week
for
taxes
Gross
$0.82';
for
declared
been
$1.25
Oct.
each
-
Vice-President,
Surplus
Federal
Attorney. William
bondnolders.
the
158,
reports
the
income
-.
Income
1072.
p.
25
year.
5.68%
substantially reduced if,
Dividend
payment
payable
cents
2,
1,
dividend
a
Dividend
RR.—Payment Allowance Appealed
from
on
record
8.04%.
expenses
and
Federal
available; for 1942
payable Oct. 30 to
dividends of $1.25 each
April
on
value,
of
Aug.
also
__
for
Mining
Pacific
appeal
of
last
1941.—V.
authorizing
.minority
18,
16,
interest
by
At
holders
Dec.
for
60,678,569
revenues
for
plant
597.334
.
renegotiation
158, p. 1355.
share
per
dividends -and .interest _A—
Net
share
per
Oct.
of
Nov.
cents
share has been declared
per
to
on
Oct.
on
Notice
$1
17
paid
territory
Maintenance
Prov.,
546,050
l
comparison
the
quarterly
pay
director
a
Expenses
Mission Corp.—To Pay $1 Dividend—
t
a
ft.,,-:
cu.
1,542,049
.
value,
declared
Maxwell
Months
9
Prov.
cents
record
record
15, last, 25
1942.—V.
of
Operating
.
1
no
cents
par
'
He
15.
Cash
,
Dec.
Association
with
of
Profit
394.
p.
of
80
National Investors
returns
Middle West Corp.—30-Cent Distribution—
directors
115,584,000
1913
.
made
were
2,
1
T.
Collamore,
with
15
cents per
share rpaid on Feb. 1, April
15 and
15 this year.
During 1942, the following payments were made:
15, April 15 and July 15, 15 cents each; and Oct.
15, 50 cents —
157, p. 167.
/aA'AA-;
payable
at
Association—Output Up 8.04%—
Power
its
'
Jan.
The
reported
1476.
p.
Operating
Operating
Other
241,
—,4.—
allocate
no
late F. B. Seymour.—V.
July
lr hare,
week
New Jersey Power & Light Co.-—Earnings—:
.compares
<V.
is
12 Mos. Ended June 30—
period beginning
individual
158,
of
Distributions
Sidney
$3,105,804
1,275,322
„
—_
for Federal income tax for the
stock,
Ended
:
that-■;
to
Regular
each
Michigan Bakeries, Inc.—30-Cent Distribution—
common
158,
Int.
1,938,267
rates
for
increase
increase
V.
6.80'*
or
■
week
Comparable figure-'for the- week- ended Oct. 9,
an
Mr. Norris
taxes—1— uLi',-—--
profits
states
rector, Etc.
'.
-
Fed.
corporation
protect
at confiscation.
National Fire Insurance Co., Hartford, Conn.—New Di¬
1,357,684
■
i*.1,907,637
^
1943, is computed at the
the
1942,-an
to
After deducting post-war credit of $149,216.
stock,
22.
stock,
1,
$3,686,387
1,173,211
—
jproi'its tax in either ol' the above periods.—V.
The
Months
particular period.—V.
directors
Feb.
prescribed in the Revenue Act of 1942. This provision
may be subf tantially reduced if, as
expected, the company joins in a consolidated
federal income tax return for the year 1943, as in 1942.
No
provisions have been considered necessary, for Federal excess
en
excess
dividend
Jan.
on
22.
»-s
r.
unturned
Corp.—Earnings—
Nine
Mfg. Co,—Extra Preferred
cents
Oct:
$5,044,071
dividends
Note—The provision
Jan.- 1,
left
'
2_——2A__.-_.--A-A A,'/ $6,040,377
—
the
practical
any
Oct.
common
1,579,000
$4,867,166
—r
of
1,644,000
943,038
income
not
extra
tinue
Preferred
be
Sufficient proof that the public has not
rates for electrical services have been
_
and
report
preferred
record
1,098,471
1,212,068
'* ———A
—
kwh.,
corresponding
Declared $1.25 Year-End Common Dividend—
The
-
deductions
stone will
—
Nashua
•
taxes^A—AaIA.2—222—-22
income
England
compared
provisions
1942
j'': :• J: •p !'(fV'1 V.,l.."'-t.} P V' '••*<.';:
;•
New
65.555,835,
*
income
y;V.•
;
Gross
775,854
the
158, p. 1535.
available
dated
%
1943
plant and equipment.AAlAI—— '
Other
■
15
Oct.
of
for
increase of 9,371,000 cu. ft; or 8.82% above
production
ft. in the corresponding week a year ago.—V.
The
■
-
income...,
the
kwh.
'
1
New England Power
110
that
increase
an
11,409,309
•
output for
hours
industry is of necessity a monop¬
such by everyone, including,the Government
fact
of
is
.
outstanding
share..
per
is
while
1 axes
Gas
'
Consolidated—To Re¬
shares
earnings to
Maintenance A, a Ai'A.2———i;)A_~A-—— /
Provision for retirement (depreciation) of
prop-
Operating
that
as
the
charges.
Note—The
1st
.
:
This
000 cu.
Power
of
—
normal
Earnings
7,250
Operating revenues ———A_—A——
$16,200,219 $15,311,757
Operating- expenses A:.~--~.-_A—----A/'. 5,724,972
5,404.754
Electricity purchased for resale—a'Aaa_AA%
852,288
712,094
income
above production
year ago.
cents,
1610.
p.
kwh.
a
Manufacturing:
profit
Federal
$29,901
Metropolitan Edison Co.—Earnings—
Other
156,
30
$15.172,392
"Net
779
.
$35,534
12 Months Ended June 30—
erty,
is
Earnings for
Common
$25,396
-
in
Province
Public Service Beard.
Mullins
$29,122
,
Federal
1942.—V.
last,
Sales
for taxes-—A-.—
expenditures
the
reassured
exploited
190,306
Note—No tax provision has been set
up
as
it is deemed probable
that special write-offs arrangements will render tax liabilitv
negligible.
r-V. 158, p. 675.
'
'
;
■
10,
12,185,163
*•
49,716
$165,892
_
Profit before write-offs.—.L-lIj..•
lie
can
"After
Capital
June
011
15,
supposed millions of dollars of capitalization represented
by franchises and good-will, whereas no item of good-will has ever ap¬
peared on the balance sheet of the company nor has
any specific value
been placed upon franchises.—V.
158, p. 1280.
:'v>A;
v
-
84,036
___
total
Ltd.—Earnings—
1943
Estimated operating profit
S.'on-operating revenue
Estimated
to
June
progressively reduced and are generally recognized as being lower; than
those charged by any other similar
utility 011 this continent,, he said. .::,1;:
Mr. Norris stated that the Premier's
charge of exploitation appears
$343,990
58,341
,
Development and operating costs-vA
Provision
8
cents.paid on
of
per share on
holders of record
,
to be based on
milled—
ore
of
the
been
:
Matachewan
of
cents
Norris, President,
oly and is recognized
j./.
T6ns
15
Dec.
cents
investments and to resist vigorously
any attempt
the Premier's charge that the
company is a monopoly,
answer is that the electrical
said
302,999
$30,319
.
S.
Godbout
holders
429,484
$69,693
■
24,578
income
accr.
1942, and
payable
15
30
.
statement answering charges of Pre¬
Quebec, declared:
"It would seem
that it is the purpose "of the Government to
destroy the credit and
value of an important public utility in
Quebec."
He stated that stock¬
305,459
and
Net
with
of
an
$4,070,314
39,815
$54,898
——
Deductions
J
$10,
par
compares
dividend
a
Montreal Light, Heat &
sist Expropriation—
To
Net earnings
declared
;
excess
taxes
Ma inten a nce
Prov.
stock,
This
8.
have
$4,045,021
income.—
17.
Dec.
on
$347,875
revenues
General
1943—12 Mos.—1942
$377,089
revenues
lion-operating
Gross
1943—Month—1942
common
Nov.
Aa
directors
Association—Output—
the Association reports electric output,
•
:«
*
-
•
,
Distributions
Operating
on
15.
1, last, cony-;
1942, and 75 cents previously each six
May
respective
J.)
Newberry Co.—Tests Validity
Control Act—
1
-=<•
of OPA Price
■r-..
The
constitutionality of the Emergency-. Price Control- Act "of
1942
and* the. validity
of Maximum Price Regulation 330, issxied
by the
OPA price administrator under the act, has been
challenged im Federal
.Court .in an gnawer filed by the J. J.
Newberry Co., department
.
.
store
operator,
to
an
OPA
complaint
(Continued,
alleging
on
violations
page
1673)
of
>
the
regulation.
?
J
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4223
158
1641
£3k
Stock and Bond Sales
DAILY
NOTICE—Cash and deferred
Mew York Stock
«»
-
WEEKLY
delivery salee are disregarded In the day's range, unless they are the only transactions of the day. No account Is taken
of
United States Government Securities
Below
furnish
such
sales In computing
the Hew York Stock
on
Exchange
YEARLY
-
a
Daily Record of U. S. Bond Prices
Oct. 16
f High
Oct. 18
Oct. 1!)
Oct. 20
Oct. 22
Oct. 21
Daily Record of U. S. Bond Prices
112.18
\
Treasury
4Vis, 1947-52
112.18
Low
[Close
'
Treasury
2'/2s, June, 1964-1969
112.18
Total sales In $1,000 units.———
;Y.;
1
Total
3
sales In $1,000 units
100.6
100.5
'
100.6
100.5
100.6
6
100.5
100.5
100.6
100.5
2
11
100.6
$1,000 units——
100.6
100.5
100.5
100.6
100.6
100.4
100.6
100.6
7
9
10
...
jfy
9
•
■
/
-
[High
2y*s, 1951-53
Low
•
101.9
Close
—
101.9
Total
sales
in
$1,000 units
*
1
——
[High
2Va8, 1952-55
Low
[close
,Total sales In $1,000 units.
[Close
Low
•
..
In $1,000 units
'
1
...
•
,
High
•;•
2Vis, 1954-56—Low
"
High
Low
—
100.4
—
Low
—
101.9
[High
}
,;:'"
2
100.6
■
Close
—
3%s, 1946-49
Oct. 2:1
100.6
100.7
Total sales in $1,000 units
[Close
Total sales in $1,000 units
[close
Total
Close
sales in $1,000 units
High
Total sales In $1,000 units.
2s,
/f?-
fHign
38, 1946-48
1947—
Total
[Close
sales in $1,000 units
[Close
Total sales in $1,000 units
(High
2s, March
1948-50.—.—.—]
Total sales
-—\ Low
in
$1,000 units
;'Y
[Close
sales in $1,000 units—
[High
2s, Dec. 1948-50
[High
Low
■
[Close
Total sales in $1,000 units
Low
■
low
(Close
[High
2%s, 1955-60
Low
...
.1.
/;/
] Low
•.
Total
Oct. 21
100.7
100.6
York
——
J High
Low
3s, 1951-55
Oct. 20
100.6
100.5
3
("High
{ Low'
2%s, 1967-72
1
3y8s, 1949-52—
Oct. 1!)
the New
—-
Vis, 1944-46
Total sales
18
on
High
[ High
\ Low
[Close
Total
Oct.
bonds
coupon
100.5
[Close
[Close
Total sales in
sales In $1,000 units
3'As, 1946-56
/,/
2Vis, Dec., 1964-1969...
—1 Low
[Close
4s, 1944-54
...r
Total sales in.$1,000 units—.
("High
Oct. J6
fHigh
-j Low
year.
Exchange
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage
Corporation
Stock Exchange during the current week.
Figures after decimal point represent one or more 32d of a point. (See note below).
we
the range for the
High
Close
2s, June,
Total sales in $1,000 units
1949-51
Low
Close
[High
23/is, 1945-47
Total sales In $1,000 units—
j Low
(Close
2s,
Sept.,
Total sales in $1,000 units...
[High
107.5
[Close
[Close
Total sales in $1,000 units
107.5
\ Low
2%S, 1948-51
(High
•{ Low
1949-1951
107.5
•Total sales In $1,000 units
j—
1949-1951
Low
—•
.
Close
Total sales In
[High
23/iS, 1951-54
[High
2s, Dec.,
3
$1,000 units
Low
2s,
Close
March,
1950-1952
Low
Close
Total sales in $1,000 units
Total sales in $1,000 units—
2%S, 1956-59
(High
\ Low
A
[High
2s,
Sept.,
[Close
';
f Hign
Low
sales
in
111.29
111.29
111.28
Close
Total
•
111.29
sales
In
111.28
1
2s, 1951-1953
5
[High
{ Low
[Close
Total
sales
in
23,
...
[High
2s
1953-55-
\
.[Close
Total sales in $1,000 units
sales in $1,000
units
[High
Low
1948
1%S
1948
sales in $1,000 units
Total
sales
in
101.3
{ Low
(Close
-
(Close
Total
Low
(Close
Total
f High
2 Vis,
5
(Close
Total sales in $1,000 units
Low
•
13
100.7
100.7
j Low
'
—
1945
100.7
100.9
$1,000 units
1951-55
(High
2 Vis,
100.9
100.9
100.7
(High
Low
Close
Total sales in $1,000 units
100.7
100.7
2
——
(High
2% 8, 1960-65
Low
$1,000 units
111.28
$1,000 units
>
(
'•**'| ClOSO
Total
2%s, 1958-63
1950-1952
•
Total sales in $1,000 units
101.3
101.3
$1,000 units
(High
2Vis, 1949-53-
Low
[Close
Total sales in $1,000 units
Federal Farm Mortgage
—
(High
[High
2 Vis,
1950-52
[High
(
Low
Home
'
2%s,
-r
■>•■'
-
.
100.19
100.19
units
Total
Total sales
1
♦Odd
LOW AND HIGH SALE PRICES
Saturday
Monday
16
58%
113%
59%
115
Tuesday
Oct. 18
Oct. 16
Oct. 19
$ per share
58%
*113%
58%
115
I per share
Thursday
Oct. 20
59%
59%
*58%
113%
*113%
Friday
Oct. 21
9 per share
113%
59
59
46 y2
46%
*44
*113%
*44
46%
46%
46%
*53
54
46%
47
54%
*53
53%
53%
53%
53
10%
10%
11
11
29 y»
30 >4
29%
29%
♦18%
19%
*18%
19%
*
42%
♦72'%
6'/4
107
2%
42%
75
110
43
42%
*72
6%
75
6%
6%
*107
2%
110
2%
2%
11%
11%
11%
11%
*29'/a
30%
*29%
30%
19
42%
*72
6%
*107
2%
19
43
75
6%
110
2%
19%
19%
42%
11%
*29
43%
*72
6 %
107
2%
19
42%
75
*72
6%
107
6%
*105%
2%
2%
113%
*46
53
*53
400
113%
40
47%
110
38% Jan
67
Albany & Susquehanna RR
Allegheny Corp
5%% pf A with $30 war
100
H O CO
vN
2%
6%
6%
3,600
*105%
t-i o CO »-S.CM
10
2 %
2%
28%
29%
28%
28%
28%
6,400
29 %
28%
28%
9%
*9%
150 '/a
150% '
*13%
13%
27%
27%
9%
*13%
27%
For
footnotes
150
see
150
page
14
27%
1651.
9%
149%
*13%
28
9%
150
14
28%
27%
*9%
42%
29%
26 %
*71%
10
;/
150% 150%
*13%
,4134
27%
73
14
-
30%
9%
150
25
100
29%
42%
23
par
42
27%
73
9%
150
42%
3,100
27
73
1,800
5,400
\.
■
*9%
9%
300
150%
150%
1,300
*14%
14
*13%
293/8
30
29%
14
31
—
Reduction
No
Corp
No
No
5 y2 °to
pf A without
&
Allied Kid Co—
24,300
Allied Mills Co Inc
Jan
39
5
57% Sep 18
6
13
3% Jan
85
Jan
5%
Apr
8y8
Nov
18%
Jun
26%
Dec
Apr
10
8
21 y2 Mar 30
Mar
16%
Dec
8
48% Jun
1
29%
Apr
41%
Dec
28
763/2 Sep
3
61
Jan
69
Oct
7% Apr
6
1
4
Nov
7
Jan
25
Jan
1
48%
7
32'/2Julyl3
11
112
Oct
3% July 14
1% Mar
69% July
A Jan
5y8 Jan
2
32 % Sep
25
3%
5y8 Jan
2
317/a Sep 25
3%
par
No par
Jan
11
45% Sep 25
18% Jan
11
31% July
13
100
64
Jan
15
_1
Dye
Dec
43
100
Allen Industries Inc
Chemical
113
May
Sep
100
$2.50 prior conv preferred-No
Allied
Mar
31
7% Jan
Jan
7
Jan
19
9%
16
Apr
Apr
Jun
-
94%
Feb
%
Oct
6%
Nov
6V4 Nov
17
Jan
May
22%
May 26
11% Jun
4
67%
Nov
73%
Feb
3%
7%
Dec
118%
Apr
Apr
2
75
par
140% Jan
9
.-5
10% Jan
8
July 15
14% May 17
No par
16 % Jan
4
31
No
Dec
104
25V'2Feb
14% Jan
51%
3
41% Jan
10
war
Alghny Lud Stl Corp
Alleg & West Ry 6 % gtd
July
nar
10
Inc
52
Par
•
42 3%
26%
*71%
18,700
Co
Express
Adams-Millis
115'/2 Sep 29
Highest
$ per share
"May
23
Alabama & Vicksburg Ry_
Alaska Juneau Gold Min
Steel
Adams
I per share
37
Feb
Air
Acme
$ per share
63% Mar 12
35% Jan
Address-Mutigr Corp
30
*71%
110
Year 1942
Lowest
4
No par
Abraham & Straus
5,200
200
75
28%
27%
100
5iy2Jan
42%
*72
6 %
28%
73
preferred
par
42%
42 %
75
29%
26%
No
1,100
30
*71%
Abbott Laboratories
9 per share
19 3/8
42%
27%
Par
4%
Range fot Previous
Range Since January I
Lowest
Highest
19%
19
29 "A
73
r:
STOCK
200
42
26%
YORK
EXCHANGE4
3,500
29%
*71,%
STOCKS
NEW
11%
42%
26 J/4
bond.
30
29 %
*9%
registered
54%
42%
25%
of
11%
30 %
*71%
JTransaction
30
42%
29
sales.
11%
30 %
30%
$1,000 units.
30
29%
29%
for
in
Shares
58%
30
*41%
1
RECORD
the Week
9 per share
*58
115
46%
*53%
Sales
Oct. 23
9 per share
59%
115
lot
W
Wednesday
101.5
[High
{ Low
[Close
100.7
NEW YORK STOCK
$ per share
v———
100.7
—
101.5
$1,000 units
iy2s, 1945-1947
100.7
Low
sales in
101.5
Low
■(
'
1
Close
•
1944-1952
100.19
2
'•••■■':''[High
series A,
100.19
100.19
(Close
Total sales in $1,000
3s,
100.19
units
1963-1968
Loan
f High
THlgb
1 Low
v
Owners
[Close
Total sales in $1,000 units
Total sales in $1,000
„
[Close
[High
i Low
(Close
2%s, 1962-67
—
(High
——J Low
Total sales In $1,000 units
sales in $1,000 units—
2yas, 1956-58
.
$1,000 units.—
3s, 1944-1949
(Close
Total
in
,
-
v
Total sales
—
2Vis, 1952-54
Low
[Close
[Close
Total sales in $1,000 units
J
3Vis, 1944-1964—
Low
•
165
Oct
22
10
tl%
May
Apr
149
12%
.
Jan
Jan
Jan
16% Nov
I
THE COMMERCIAL & FINANCIAL CHRONICLE
1642
LOW AND HIGH SALE TRICES
$ per
$ per share
I per share
Oct. 23
$ per share
15%
15%
16
15%
*92%
Sales for
Friday
Oct. 21
$ per share
share
15%
15%
15%
STOCKS
Oct. 30
Oct. 19
Oct. 18
Thursday
Wednesday
Tuesday
Monday
Saturday
Oct. 16
NEW YORK
t per share
15%
15%
94%
94
92%
93
93
93
36%
36%
36%
36%
36%
36%
37%
37
37'/«
36 Va
37 MB
21%
22
20
21%
19%
20%
20%
20%
20 y8
20 %■
20 Vb
20 Mb
4,200
2 Vb
1,500
"■
2
2
1%
15%
1%
1%
2ya
2VH
2%
*26%
27%
27%
27%
29
29
29%
29%
*29%
*80%
81
80%
81%
80%
80%
81
81
80 %
80%
1%
;
15%
*927/fl
5%
30
400
81
30
*80%
600
Amerada
300
Petroleum
16% Sep
96'/2 Sep
7
13
% Jan
131/2 Jan
par
14
30
30%
*29%
30 %
30
30%
29%
30
29%
30%
30
30
1,900
Amer Agricultural Chemical„No par
23
Jan
62%
62%
62%
61%
62
62%
62%
62%
63
62%
63%
3,400
American Airlines
52
Jan
27
17
16%
16%
16%
16%
:/ 16%
16%
16%
*15%
16%
600
58%
58%
58%
58
58%
58%
58%
58%
58%
58%
58%
360
7%
7%
7%
7>/b
7%
7%
7%
*7%
7%
800
*16%
58%
7%
7%
*37
131
88
175%
176
176
89
34%
34
34%
34%
67%
68
67%
68
•67%
23%
112
110%
110%
1109 %
*105%
107
107
107
107
23
*20
23
*20
23%
*20
23%
23%
x87
86 >/2
177
23%
34
33%
33%
68%
68%
68
68
23%
24
23%
23%
*109%
112
111
111
106%
107
106%
*23%
106%
107%
23
-V:
177
34
68%
*20
23
*20
5%%
.7%
15Va
15
15%
*15y8
15 Va
*15%
15%
15 Vi
15%
2,300
*100%
102
*100%
101%
1.01%
*100%
101%
*100%
101 Va
*100%
42%
37%
41%
417/a
44%
18,400
2%
2%
2%
*2%
2%
300
39
2%
*8%
9%
*8%
9%
*8%
23%
24V«
24 y8
24 %
*23%
24%
237/8
5%
5%
5%
5%
5%
5%
9
9
75
76
76%
20%
197/a
69%
*68
32%
*32%
3%
*3%
*38%
68 %
68 Va
75%
77
20%
19%
20%
19%
20%
19%
20%
69 y4
*68
34%
34
4Va
4Ve
69
67%
68
69
69%
34%
33%
33%
32%
33 V«
3%
3%
3%
*3%
3%
500
*39 Mt
40%
4'/a
*67%
40%
300
68%
900
4%
1,600
68'A
6
68%
68
39
40%
68%
*67%
*39
68
2,300
-
par
4
Co„—™.———20
No par
—.—No par
.—No par
;
American Hawaiian SS Co——110
v
6%
14
Leather
1
—
23:
56%
159
461/a Jan
10
8
.2
12
7
Jan
39
Jan
Feb
20 Va
Jan
110
Mar
69
Mar
Dec
15
Jan
18
Oct
3% May
7%
Dec
Dec
22%
Jan
May
7% Mar
100'A
5/a
Nov
3
7% Nov
25%
Jun
Dec
Dec
2
Jan
18%
Dec
16% Nov
Jan
3V» May
16%
May 10
87% Jun 16
49'A Dec
Jan
July 14
78% Jun 17
1% Jan
10% Jan
8%
Dec
42%
Dec
367/a Apr
23
6
25 Vt
35
Oct
26
1
4% Apr
6
40y8 Jun 22
Jan
53% Jan
Jan
103
9
2% Jan
35
Jan
May
5
Apr
Oct
33
73%
May
•
29'/4 May 18
6
30
176
Mar
16
10
13
Dec
105
22
4M4 Jun
1% Jan
Dec
74%
02
44% Oct
6% Jan
Feb
3%
May
55% May
2
104 % Jun
8
2
Jan
130%
Apr
Apr
20
14
27
23% Oct
33
Oct
Apr
l'/a
25
1% Jan
Oct
49 Nov
Apr
120
6
15% Jan
—1
preferred-..—-.—50
conv
American Home Products-
9%
6Va
8
11% May
97% Jan
•
Jan
Apr
3% Mar
38%
1
18% Feb
Apr
58% Dec
5%
9
4
112% May 10
24% May 20
2
24
18%
July 10
Aug
Encaustic
American Hide &
Oct
Nov
Jun
25%
24% Apr
7
116% July 23
22
Feb
preferred——100
Distilling
preferred-.—
$7 2d preferred A<
$6 preferred
2,200
3%
Jan
96
Allegh Co N J
$7
14,300
40%
40
.
1,200
3%
3%
109
Tiling-.—__1
Amer European Sees—— —.No par
American Export Lines Inc.—— 1
Amer & Foreign Power,——No par
200
*68 %
68%
4 Va
7,200
76
33
Ame-
American
1,800
5%
76
40
68%
10
23%
5%
76 %
•77
3%
*38 %
40
*87/«
23 Va
5%
76%
33
*3%
9%
24%
5%
19%
69
32%
*8%
23%
24
77
20 y*
*68%
6 %1st
5%
76%
19%
9%
102
5%
-
5
1
14%
7
Aug 18
80
26
15
2%
181/4 Jan
par
6% Jan
No
Jan
70 Va
45% Jun
15
19% Feb
Am Coal Co of
♦14%
42%
6
•
100
preferred
conv
Jan
18%
91/4 May 4
91% July 15
185% July29
9
241/4 Jan
64'A Feb
25
5%
200
*2%
Jan
par
100
Chain & Cable Inc.—No
Am
173
100
—No
American Colortype Co.
—10
American Crystal Sugar__——-10
9%
41
Fdy-
preferred
l'/a
Dec
Mar
July
134
2
23
9%
*100%
&
71 Va Jan
*20
23
9%
2%
—A_-
i
Car
non-cum
H Au^
•43% July 14
4
American Chicle———
9%
40%
2
3% Jan 20
.
50
10%
2%
27% Jan
127% Jan
1
150
*9%
37
par
Can——™—__—25
-American
3,700
10%
2"%
4
107
*9%
35%
41/2 Jan
112
10%
*2%
—No
Jan
19% Nov
11
60% Aug
9% Apr
*110
*9%
34%
18
5
*106
/
10%
*9%
Co
preferred™
Preferred
570
1,700
23%
5
Jan
8% Jan
47
Jan
30'/a
43
34
Sep 13
761/4 July 8
100
Corp
Shoe
conv
American
4,200
■
10
50
—.1
Amer Cable & Radio Corp
2,300
34 VB
Note
Bosch
Brake
Am
io
preferred
American
55,700
68%
112
6%
60
8%
86 %>
177
American Bank
1.700
132
8%
88
176%
176 M.
38%
*130%
8%
34
68
23%
*110%
176%
.34%
38
132
8%
89 Va
:
37%
*130%
8%
89
1761% 176%
34
37%
132
8%
..
*16
37%
131%
8%
89
176
37%
131%
8%
89%
89
37%
130
9%
8%
87%
37%
130
130
8%
8
37%
37%
38
*130
7%
.
Inc.
81
22
22
Oct
86'/2Jun
2
62%
64
2% July 22
30
20
Jan
6% NOV
Apr
July
Apr
14% Apr
43'/4 July 10
23% Sep 21
x67
Highest
S per share
4
18
15
7
7
17% Jan
...
Corp—No
2
26 Ma Jan
No par
—No par
—1
50
.
1942
$ per share
73% Jan
—
Allis-Chalraers
Year
Lowest
$ per share
share
6'A Jan
—No par
w_—100
preferred—
Mfg
Alpha Portland Cem_—
Amalgam Leather Co Inc
6 % conv preferred
2%
2%
30
12,500
94
S per
Par
Allied Stores Corp—.
7,800
15%
Range Since January 1
Lowest
Highest
Shares
35%
94
Range1 for Previous
STOCK
EXCHANGE
the Week
*92%
*92
Monday, October 25, 1943
70
7
3% Jan
;3j2% Sep
x30%
5
May
Jun
2% May
36%
Oct
56
Apr
Dec
'
63
*60
8V»
*7%
8
8
6
*5%
6
*5%
47
*451%
47
*45%
*60
63
"59
*7%
6
*45%
12%
12%
12%
*74%
75%
75%
76
13%
13%
137/a
13%
12%
23'A
34%
47
*45%
47
•4
*60
63
8
8
700
6'/4
6
6
*45%
47
*45%
12%
12%
12%
12%
12%
12%
74%
75
75
75%
74%
75
1,500
13%
13%
13%
13%
13%
13%
1,300
*8%
-
*121%
'
123%
9
.
24VL,
123V2
2%
2%
2%
2%
2%
•,
2%
41
41
41 ye
40%
41
41%
43
42%
43%
38%
37%
37%
37%
38
38 y8
40%
39%
9%
9'A
9%
9%
9'A
9%
9%
9%
176
*173
175
*173
9%
176
*173
176
*173
500
Amer Metals Co Ltd™™™—No par
^
■
35
2%
10,200
13%
13%
13%
.14%
13%
14
13%
13%
13%
14
65
65%
65%
65%
65%
66%
65 %
66
66
66 V4
14
14
>
14
*14
14 V4
14 »/4
14%
*13%
*13%
14%
15%-
15%
15%
15%
15%
30%
30
30
30
30
30
30%
800
40%
40%
40%
39%
40%
40
40'A
6,000
*151%
152Va
1511/a
151 %
151%
41%
41%
144%
143
*143
1441/2
*143
24%
•15V4
24%
24%
28
28%
30%
156%
*
•
:
16%
28 Va
.110%
110%
*110%
30%
156%
156%
156%
58%
58%
58%
58
*29
30%
59%
60%
145 V*
145'A
145
*9%
9%
9%
91/4
*9
43%
43%
44'A
6%
6%
6V2
87%
*84%
87 Ma
6%
6%
6%
118%
6%
*84'A
6%
70
•
-4%
71
71%
6%
*85
-
72
-
4%
4%
4%-
49
*44
49
VB
441/4
119
119
<
-
156%
58
*4%
110
30
9%
44%
44%
119
44%
119
6%
119
6%
6%
72
4%
*6%
6%
72
-
4%
47%
26%
*2%
5%'
71
2%
2%
2%
46 Va
45%
45%
5%
5%
5%
5%
5%
71%
*79
72
82
37/4
37%
37%
10
*9%
9%
93%
93 %
41
5%
71%
*80
*26%
-5%
*10%
2%
5%
5%
5%
5%
72%
*80
82
82
*80
50
■
37%
37%
37%
*37V'4
37Va
37%
37%
*9%
9%
*9%
9%
9%
9%
91/4
931/4
87%
*9
113
13%
*108
131/2
13%
"94 "
.93
9'/4
14
9
9
9
9
*108
113
113
*108
r
113
13%
13%
93%
93%
13%
93%
93%
700
13%
93
931%
*87
88'/a
*87
88
*87
*39'/4
41
*391/4
41
106'/a
*106%
106%
3,400
88
39%
87'%
87 %
*391/4
39%
39%
*106'A
106 Va
106 »/4
.<
*106%
106%
106%
*106%
420
106%
59%
59%
1,100
59%
59%
59%
591/4
60
59 y8
59%
58%
59%
87%
87M4
87'%
87
871/4
87
87
'A
86%
86%
*87
29%
29%
29%
29%
30
29%
30 Mt
28%
29%
29
32
32
31%
32'%
33%
33 Va
34
35
35»/4
351/4
25%
251/4
25%
11%
61%
11%
64
25%
*
109 '/a
11%
*6%
3%
*122
26'A
11%
11%
56%
56%
56 Ma
56'%
62
61%
61%
122'A
*122
1221/4
*10%
11%
11%
6%
6%
*122
11 Mi
6'%
7'/8
*70
72
4
3%
4
68
110
62
6%
72
71
25%
109%
62
611/4
11%
*11
65
25%
111
56%
*56
62
130
*122
110
11%
11%
56%
*56
64
25«%
110
111
111
63 y8
63 y8
63'/a
*62
■
70
*11
;
7%
74%
3%
72
4
11%
1221/4
12
68
68
*65
-
25%
26'/a
6,600
109 »/b
109%
111/2
11%
'
*122
-
*122
122'/»
12
7
72
3%
3,800
780
2,300
72%
*71%
4
100
7
3%
460
16%
15%
15%
15%
161/4
15%
6%
6%
6'%
6%
6%
6%
6%
6%
6%
10%
10%
lO'A
10%
.10%. ■
10y4
10%
10%
10
10
10'A
*9%
10
10
10
*10%
11
6%
16
16
.
15%
11
24% Jan
2
24
Jan
4
16% Jan
5
101/4 Jun
7
971/2 July 21
94% July 22
Jan
8
39% Oct
preferred——-..—-100
Atch Topeka & Santa Fe
—.100
5% preferred
100
100
Jan
4
44% Jan
7
66
2
Atlantic Coast Line RR
—100
26
—1
19
preferred...——100
Refining—*
——
25
pref series A—
100
Corp...—
.——3
preferred—
——50
106
Atl G & WI SS Lines—
•5%
non-cum
Atlantic
4%
conv
Atlas
6%
2,900
400
.100
520
400
Barker Brothers——1—No par
51/4 Jan
*441/4
44%
441/4
441/4
*441/4
45
45
*44%
100
51/2% preferred———50
Barnsdall Oil Co——__——5
Jan
7
23 Va Jan
7
'
12
12
*30%
*10%
For
10%
33
108%
12
12%
32'/4
*30'%
*110
113
10%
10%
*26 VB
33
*107
*12'/4
*30%
*110
10%
26%
,
♦26 »/8
33.
321/4
*31
*109
10%
121%
13
12%
35
351/4
*10%
13%
35%
footnotes
see
page
1651.
' 108
12
113
347/8
33
108
12%
35 y8
26%
33
108
13
13
35
32 %
114
*108
26%
*26%
*32%
*107
121/4
32%
113
11
26 Mb
*32
>1081/2
12
*31
>109
*10%
26
11
200
33
400
*108
12%
32%
2,700
26%
*321%
108%
114
16%
*26'A
%
33
*11%
.
*31
*1091%
*10%
108%
12
20
1,100
32%
11
4 ck
Irpn Works Corp.———1
Bayuk Cigars Inc..™—No par
Beatrice Creamery—;.——25
$4.25 preferred
———No par,
Beech Aircraft Corp.:——-—..1,
Beech Creek RR—,—...
..50
Bath
...
Beech-Nut Packing Co—
114
500
—.20
Belding-Hemingway——...No par
13%
•
131%
131/4
13%
13%
13%
2,700
Bell
34%
35%
35
35%
34%
351/4
4,800
Bendix
Aircraft
Feb
6% Sep
Apr
May
7
Jan
Dec
Jun
24
111
4
7
116
May
Apr
1% Apr
15% Apr
2% Jun
9'/8
3'A
31
-
4Va
Jan
Jan
Dec
Dec
Jan
Corp..*.™
Aviation—r
—1
5
Feb
13
24% Jan 16
105% Aug 12
10 V* Sep 15
25% Jan 25
93
Jan
91/4 Jan
2o
4
Jan
2
33% Aug
3
12
Jan
4Vs
Jan
Jun
7%
Jan
4
Apr
6'/a
Jan
22
Jan
13%
Dec
Apr
6'A
Nov
24% Aug
60
34 V* Jan
30
14%
41/2
47
Sep 20
19% July 19
5V4 Jan
12
9% Jun
2% Jun
Sep 25
28% July 14
15% Sep 21
2
13% Jan
33
Jan
Jan
85% Aug
0% Apr
4
12% Jan
26%
Jan
23 %
109%
51
19% May 27
6,700
108 7/a
45%
Apr
14%
70
Apr
7
14% Apr
6
121% Apr 29
12 Va
26%
Mar
99% July
43
Sep 28
10
*12%
*32%
33
13% Jun
Jan
12%
*107
20
46%
123
3% Jan
6
12%
4,900
Oct
Oct
68% July 14
10% Jan
*12%
16%
Oct
Jan
57
5
12%
45
34
68
2
12%
•
Jun
28% May 27
12%
16%
34%
16%
113V4 Sep 13
13% May 29
10%.
16 Va
Oct
May 26
7
25 %
16%
Jan
Z/:;
Baltimore & Ohio..
;
Jan
35V4 Oct 21
4
4
8
2,000
61% Mar
Oct
July
72%
9% Aug
6%
6%
77%
Jun
7
10%
4%
82
Jun
12
Baldwin Loco Works v t C—13
Apr
May
Apr
Jan
Jan
5,200
4%
19%
4
3'A Jan
2%
79
Jan
60 Va
Jan
28% Jan
Nov
27%
7% Jan
,
Dec
8%
67% July 24
2% Jan 21
$5 prior A——.
No par
Aviation Corp of Del (The)—
-3
33%
90 Va July 22
113
11,900
Jan
5% Mar
38
preferred————..100
4
Jan
Feb
Oct
Jan
9
par
Dec
4Va
67 Va
66
Dec
,4
No
36
Jan
14
.No par
Mar
Apr
2% Sep
81%
Jan
Atlas Tack Corp—
Nichols—;
Jan
Sep 27
6% Jan
10%
17
7% May
Dec
50 M2 Jan
Austin
Jan
17
83
Mar 16
591/4
16
30
112% Mar
12% Oct.
l'/a July
28%
18% Jan
10%
44%
Dec
May
Jun
52
No
Jan
28% Jan
12% Mar
1
Jan
Jan
Jan
8
24%
*16%
5%
50
100 Va
53
107
y8 Jan 13
59
16%
76%
Jun
53
Jan
44.
Nov
20
20
par
Atlas Powder
conv
Jan
25%
171/4
4
28
Jan
72% Jan 11
59%
17
5
Oct
15'/2 Jun
59
25
16%
18
.29
59%
.
Sep
No par
26V4
16%
7
27
.———100
2d preferred
69%
17 %
24
110
4
25%
ye
4
Apr
22% May
107
7
59»/4
16%
Dec
116% Jan
3% Apr
7
14M2 Apr
3 Va Feb
Feb 27
6'A Jan
25%
17
8
4% Jan
591/4
16%
33V2
21
25 Vb
17%
Nov
Dec
10% Jun 26
58%
17
7%
51%
2
12%
16'%
1%
Jan
Jan
Apr
Apr
108% May
39
Jan
38%
9
58%
17%
22
50%
143%
5% Jan
Jan
25V4
16%
3%
49%
Apr
70% Feb
6% Jan
12%
45
120
30
24%
16%
23
Aug
134% Jan
Jan
40%
58%
17%
17%
101'A Apr
33% Apr
34% Apr
Dec
831/2 Sep 28
40% Jun
5
58%
♦44V4
Jan
20
24%
*12%.
97 Va
231/2 July 15
Mar 18
-5
24%
12%
Oct
78% Mar
Aug
116
lO'/a Jan 13
92
Feb
Jan
3%
8% July 16
31% Apr
29% Apr
111% Jan 20
■58%
•*10
10%
12
12
21%
791/2 July 21
Jan
preferred:...—100
Bangor .& Aroostook™
—..50
Conv 5% preferred.
.....^100
Barber Asphalt Corp.!——™10.
10%
Jan
Oct
Nov
Mar
Jan
6%
•
21%
Mar
71/4 Apr
7
54% Mar 30
•
42% Jan
1 % Jan
Nov
36'A
144
7% Jan
15
49
prior preferred
No par
preferred
—
.—100
Armstrong Cork Co—
No par
Arnold Constable Corp—
5
Artloom Corp.—
—___No par
7 % preferred
.....100
Associated Dry Goods.
1
6% 1st preferred—.——100
7%
///■ ;■. B
16%
9%
Jan
148%
Sep
16
.
43
Jun
42
5%
12
16%
Dec
35% Jan
Jun
75
1221/4
7
136 Va
2
500
*11%
72
-
11%
56%
61%
611/4
61'/a
73%
11%
*56
56%
61 Mi
14%
24
May
35% May
132% May
29
Apr
Jan
610
*56
9% Nov
6% Feb
,
46
conv
—
-
59% Oct
27%
800
26 y8
1091%
7
16
68
3,400
Jan
47% Sep 23
6% Sep 20
5%
5,300
:
25%
*11
4
35'/4
109%
71/4
3%
29%
*34%
12
Jan
6V4 Nov
Apr
4% Mar
2
7%
6,600
88 '
59
87%
9% May
22
:
52%
11
—
Assoc Investment Co.—
50
29 %
Jan
Jan
40
100
*106%
165
Jan
'
41
*39%
6
Jan
Jun
3
$6
200
*9
4
26%
Apr
Apr
34
Archer
■? 1,800
9 Va
4
May
Jan
Apr
Armour & Co of Illinois.——5
700
82
9
881/2 July
Jan
i8
3%
20
Paper Co Inc
.———5
Daniels Midl'd—i
No par
A P W
4,700
72%
6
551/4 Jan
—1
Corp..—12.50
No par
$5 div preferred—.
—
Andes Copper Mining—.
—7g0
%'
500
73
100
....
Anaconda Wire & Cable.—No par
45%
1
49% Sep 20
121V« Aug
2
3% Jan
Anchor Hock Glass
11%
2%"
12% July
3% Jan
.
July 22
68% July 15
53% Jan
par
700
45%
Jan
par
—No
200
2%
32
Aug 31
32% Aug 11
158 M»
115% Jan
.—No par
Elec—No
85 prior conv preferred—.
25
Anaconda Copper Mining——50
116
45%
*71%
Wks &
Preferred
12,100
2%
72
preferred—.—.-100
21'/4
21'/,
*115
11%
65% July 14
146% July 23
26%
*26'/,
21%
116
10 '/a
26 Mb
2
Amer Zinc Lead & Smelt...—
1,400
•
26 %
*20%
*
26
431/2 Jan
2
129% Jan
6% Jan 14
————25
$0 1st preferred
Woolen
47 Va
45%
45
•
26'/4
2
Am Water
1,000
„
4%
2
American
1,200
9'%
*108
13%
87%
93%87%.
*38%
13%
13%
*87
113
♦108
113
13%
2%
r
25%
72
4%
*43%
14
5%
200
6%
21% Jan
preferred ——
100
Type Foundries Inc———10
American Viscose Corp.—.
14
8,200
88
71%
4%
49
*115
11%
72
4%
7 Va
6%
*6%
115
42 % Jan
Amer
700
91
4
171/2 July 15
Jun
2
33
1271/4 Jan
—25
6rIo
1,800
*86
6%
*44
44%
119%
2
Jan
17% Jan 14
par
Tobacco—
•Common class B
300
37%
/.
9 Va
9 Va
9%
*9
10 '/a
2%
82
*9 %
116
45
72
82
71
37%
*108
*
11%
2%
82
*79
♦10%
21%
21%
*115
*45 Mi
2%
47
71
-
211/4
116
6%
9%
9
12
Telep & Teleg Co™—....100
Amer
490
11% Mar
5
American
3,400
44%
88
*71%
4%
*43%
47
26%
211/4
5.8% *' ■' ■
59%
144%.
par
a...——100
—~
Am Sumatra Tobacco—..—No
500
*118%
44%
*841/4
;
-No
Aug
Jan
—
! 8,100
1,000
156%
*9%
119
6%
61/2
71%
44%
119
86%
85
6*%
26%
*45%
58 lA
9%
26'%
*115
30
156Va
58%
9%
26%
11%
30
30
156%
58
59
26%
*ioy8
400
144
26
11%
110%
*110
60%
26
*10'/»
Refining--—.100
110
156 Va
261/4
201/4
Co
144%
25%
116
American Stove
American Sugar
Preferred
59%
*9%
No par
-
500
1,000
143%
9%
American Stores
900
15 % May
6
16%
/
35% Jan
/19% Jan
28%
60%
26 Va
20 %
15%
45
Apr
151% Aug
29% May
1
18
3
31
29
"161
144% Feb
11
16%
,
4
May
47% Apr
Amer Steel Foundries.-.—No par
7,700
15%
18
32% Mar 23
Jan
37% Jan
141 % Oct
non-cum
28%
145%
•25%
*114%
25
12% Jan
26%
142%
8
27
Feb
119
15'/a
July 24
1SV4 Apr
preferred-,-.—100
7%
100
28
60
26
20%
,
r
16%
145
25%
116
41 %
146
24%
60%
26
*20
15%
27%
58
25%
♦114%
25%
*16
30'/a
.156%
86
6'%
71i%
*431%
•
*29
"
*144
145%
60%
59%
145%
*44
111
*29%
59
119
15%
152'
.40%
■;:
15%
16%
*27%
41
144
24%
15V2
15%
28%
152
•
41
143
.25%
16%
59%
44%
25 'A
16%
144%
119
251/2
156V2
•
*29%
156%
*58
mi/#
41%
145
15%
28'A
111 Va
111%
♦111
41%
*143
*27'/2
17
*10
17
28
15%
15%
15%
♦16
24%
247/a
153
152
143
700
American
Jan
23% Mar
Apr
Feb
■12%
,
8
American Snuff.....——w——-25
15%
29%
39%
152
July
600
15%
41% ,41%
172
8'/a Jan
30'A
40%.
41%:
Feb
Safety Razor
—118.50
./American Seating Co.—
No par
Amer Ship, Building Co"——No par
Arner Smelting & RefgL—
No par
Preferred —_4———J/10G
600
Rolling Mill—.
.4%% conv preferred—.
"
,
Nov
Apr
May
-21% May
% Mar
16% July 14
40
151
6 Va Jan
69 V2
29%
151
■16% Jan
154,
7%
16
35 % July 30
4
18% Jan
par
Jon
Dec
4
54
*15 VB
*41
par
San'y—-No par
10%
12~%~
113%
May
40'A Nov
6'A Jun
4
-
Jan
9%
7
7
123
,10% Jan
40%
15%
35% Mar
23
457a July 27
42'/a July 27
11% Jun '8
preferred——No
—100
7
4Vi May 10
preferred..—-No
———
Oct
lOVsJun
4
Jan
4%
A Jan
85
-Preferred
2
220
/
14
*15 Va
x26
5% Nov
27 Vis Apr
7% Feb 11
20 'A Jan
1161/4 Jan 29
Dec
Apr
—..25
100
30%
:
-
American
830
40%
15%
Light...
Am Rad & Stand
7,300
30
15Va
.-.
176
13%
65%
7
May
;
2%
17'/2 May 6
82 »/4 Sep 15
151/2 Jun
1
13
No par
~
13%
Oct
12'/4 Jan
$6
19,700
9%
65%
*13%
No par
10,100
41%
9%
*173
American News Co..™
2,500
1
-.100
Amer Power &
230
!
,
44
40
176
preferred—™.—
7% Jan
73
Feb
40
2
37
6
9Ma May
7 Ma Feb
39% Jan
25
20
Jan
Mar
1 Va
May 27
661% Sep
.5% Jan
par
:I—100
3,900
-
43
-
No
1—
9%
2%
40%
9%
Locomotive
preferred
Amer Mach & Fdy Co
123%
35
2%
■
7%
50
—.
24%
24 Va
?122
35
35
••
41
•
American
9,900
preferred-
conv
No par
Amer Mach & Metals..™—No par
*8%
24
*122
35
*34V2
35
9
24
23%
*121%
123V2
35
9%
*8%
9'A
24 %
-23%
5
2
4% Jan
5%
12%
Jan
371/4 Jan
6% non-cum
600
14
38%
♦173
/
2;
par
preferred™.——100
Amer Internat Corp_
—No per
American Invest Co of 111——,_1
-
47
'
*2%
2%
*2%
-
Ice—:——...—No
American
300
8
*5%
■
4%
61%
8
6
6
6%
4
61%
8Va
74%
35
35
35
62
*8
12%
23 %
*121%
122%
♦121
8
13%
123%
23
4
♦60
63 /
■■
•■:":,74%
8%
87/s
8%
8%
22%
4,'
4Va '
4 Va
-
20% Mar 22
X29
May 27
,
33% July 19
6V0 Mar
41/2
36
Dec
33%
Dec
8%
Jan
12%
Dec
121/8
Jun
18 Va
Jan
Apr
X23 'A
NOV
26
Oct
15%
20
Apr
xllO
Sep
9
14% Sep 24
33V'2: July 13
•114
Aug 28
11% July 1
<20 Va Mar 16
39
% Apr
6
23%
Jun
30
Feb
Apr
6% May
9% May
110%
Jan
9Va
Dec
17%
Nov
28'A May
39%
Jan
64
,
Volume
Number 4223
THE COMMERCIAL & FINANCIAL
CHRONICLE
LOW
Saturday
Monday
Oct. 10
$ per
share
&
-
per share
16%
*16%
56%
*56
$
167%
*55%
57
34%
34 y«:
16.
58%
*117%
118%
*36%
16 7%
17%
8%
8%
;■// 8'/a
17
*14
15%
*95
*17
157%
98
15
*90
36%
17%
92
8%
15%
*95
*15
15%
98
0
*95
15%
14%
46%
*46%
92'A
90
90
89%:;
46%
46 7%
46
47
47
3274
33 .•;':.
33
32%
33
32%
33
2974
29 3%
297%
29%
29%
29 %
34%
34%
3%
26%
26%
*41%
42%
*42%
17
2674
2674
26 7%
26%
42',%
4174
*42%
17
67%
101
*49'4
774
*17%
18 %
18%
*31%
*28%
28%
28%
109'4
12%
12%
%
49
9%
4
48
49
101 //
17%
*17%
18%
18%
18%
*32
28%
12%
4 7%
48 74
13
4%
60
:
4874
47%
97a
9%
2874
28%
33a
3%
3%
143a
14
14
*13%
14
7274
71%
72
*72
72 %1
195%
19%
19%
*19%
/
26
54 Va
*53
157%
15 3%
22%
97%
*67%
674
22%
44 '/a
27
*26
4 7%
4%
27
4%
;
48
120 >>
140 7%
14074 140%
120 Va
140 Va
'139 •»■■■
48%.:
47'/a
35
35
35%
34%
,
*6%
27%
4%
140
47%
34'A
34%
:>47
34%
34%"'
106%
105
105
104%
104%
103%
122
122
121%
121%:
121%
122
115%
115%
116
*1157%
1274
115%
115%
115%
12 Va -12%
12%
12Ve
18
17%
115%
12%
*12%
18
18
18
18
18
012
■: /
18%
207%
207%
20'%
20%
20%
20%
*27%
.274
21%
2%
*2%
110%
110%
110%
110%
20%
2%
V *1107%
110%
/
*117%
*.19'%
1174
674
*177%
20
•
387%
,•
^27
48%
*17'/a
*277%
4'%
47%
1874
1874
14%
7%
4%
4%
18%
18%
Va
8
4
12%
50
50
50
t
68
*17%
*27%
48%
7 %
4>A
387%
50
*49%
517%
*12%
^Va¬
*12%
13'%
*15%
le
15%
15%
174
1%
'>v *1%
i%
28%
*26%
28%
79%
78%
79 Va
14%
14%
14%
*14%
104
*103
104
*103%
48
*47
50
48%
*6%
33%
*140
6%
33%
146
6%
*6%
*33 %
*6%
34
34
146
*140
*140
14%
14%
67/a
48%
146
■
6%
6%
34%
34%
*140
146
*74
80
*75
80
*112
113
,113
113
*112%
113 V4
*112%
113
*37
38
38
38
*37%
38%
*37%
*107
108
*107
108
•*107 1
107%
*75 /
80
*75
*107
80
146'
*37%'
107
Va
93
*92 Va
93
54
*52%
54
*52%
54 -•
38%
39
38%
39
37%
38%
38 'A
38%
38%
37%
38
38%
37%
37%
37
38
38%
37%
37%
113
*67%
155
*148
113
68
*112
155
Va
68 %
22%
23
105%
*104%
25
*111
25
114%
15
14%
14 Va
16
16%
*15%
*15%
22%
22%
For
16
22%
22 %
footnotes
16
22%
105 Va
104%
105%
•
15%
100
14%'
16 %
*15%
22%
*22
22%
see
page
1651.
25
*111-
16%
16%
14%
16%
16
14%
■
15%
•
22%
23%
104 Va
105
16%
25
15%
*15%
22%
Feb
10%
Nov
Dec
95
Jan
Jan
17
Dec
Mar 27
1
974 Apr
7
174 Jan
574 Jun
Apr
38
9
277%
37'8
Dec
6% Feb
77%
Jan
9'/a
23
.
x85
Jan
25
7
3'% Jan
777% Jan
97'4 Aug 31
3174 May 29
5% Apr
6
8
11
8
„
Mar 31
11% May 7
47% July 2f
97a Apr
6
4674 July 22
2
Jan
Aug
77% Nov
297% May
"174
37'%
Feb
Apr
77
Apr
227% July
2 'A
Feb
434 Nov
38 7%
Deo
89
Jan
287% Nov
May
5474
Dec
33
Jan
32
.
Nov
1674 Nov
157%
37a Nov
129
Oct
Apr
78
Dec
144
July 13
117
Jan
130
Deo
547% July 19
.
30
Apr
42 74
Deo
25
15
Apr
297a
Deo
July 22
82
Apr
Apr
977%
Deo
10
f.
*15%
'14%
220
23 7%
6.900
105
280
25%
1,500
111 *
,v
10
16
14% ,14%
155%
16
•15%
22%
22%
-*22%
22%
22%
22%
22%
22'A
22'/4
15%
/ 16
15%
•
1207%
Jan
;<
Apr
977%
Deo
67%
Aug
87%
Dec
20
cum
Cotton
300
2
Jan
No
50
5
8
177% Jan 12
Jan
5
' 18,
"
87%
33%
2%
7%
Clev
&
Pitts RR Co 7'A
gtd 4%
gtd
stock
Molybdenum
Peabody & Co
Preferred
Coca-Cola
Class
(The)
10% Jan
4
6
Colgate-PalmolWe-Peet
$4.25
preferred
Collins & Aikman
5 7&
conv
preferred
4rv
non-cum
4/V
non-cum
Class B
Feb
10
2% Jan 13
32% Oct
13
Mar 17
Feb
2
4
_1
28% Jan
22
100
10174 Jan
7
No
par
par
—No
par
No
par
No par
100
No par
,—100
1st
2nd
2.50
84
Jan 23
50
Feb
6
377% Aug
3
33 74 Jan 12
142
May 13
88
627%
167%
103%
177%
29
2374
Jan
327%
Deo
19% Apr
6
19
Jan
24
15'/a
Sep
Oct
Dec
1097% Jan
—No
Sep
Deo
Jan
24% Jan 30
100
Co
A
Nov
274
VA Aug 26
par
33%
71
Jun
par
No par
35
Apr
17%
8
50
No
104
Jan
13A
Nov
ll'/2Jan 12
13% Jan
4
50
July
27
234
6
67
82
8
4
834
27% Jan
123
21
Apr
7% Jun
3674
37
Jan
487% Jan
100
Sep
41
Jun
par
par
115
Apr
Apr
6
100
—
Nov
7a
—100
Co
Oct
Jan
374
274
City Investing Co
City Stores
Equipment
Clev El Ilium $4.50 pfd
.—No
Clev Graph Bronze Co (The)
5 7o preferred
Apr
27 Va
7
27
Jan
37%
18
13
12
2
Jan
4
5
Jun
23
11
2
Jan
Jan
par
Jan
:
274
7'/a May 13
Nov
57%
4
No
17a
11
Jan
27s
22
2
No
& St. Louis Ry.
5
7
237%
11.0
34
25
preferred—
18'/% Jun
237a Jun
:
Mar
Jan 13
10
Oil——
Apr
IV2 May
July 8
May 17
157% Jan
par
16
90
108
Jan
6
Aug 27
8
99% Jan
par
div—No par
No
Mar.19
7
C.
7
111
7
327% Jan
par
preferred—TOO
preferred—_10O
Columbia Br'd Sys Inc cl 'A_,—2.50'
500
12
3
par
^Colorado & Southern
22% —22%
Jan
Jan
96% Jan
C.
21
3% Mar 12
2
520
*2274 V 22%
3',
14
350
'
4
July 16
'A Oct
2
Jan
50
77
5
23% Jun
12
1% Jan
97% Jan
—5
25
Clark
21
Va Oct .21
16% Jan
Jan
40
110
7
3
No
14
Sep 22
.1474 Apr
;.•/
No par
preferred
128% Sep
120*
17% Oct
100
Co
,
1
2
98
Colo Fuel & Iron Corp
90
4
874 Jan
x33
600
J
Jan
40% Jun
108
967% Feb
1074 Jan
Special
700
119
v
67% Jan
Cluett
*25
15%
•
6% Mar
117%
5
Climax
114
111
16
14 3a
14%
16
Oct
6%
21% July
3% Jan
69%
7
190
1,600
"
*15%
Apr
2
247% July 14
par
5,200
,150
'22%'
114
*15%
2%
24%
Sep
Feb
7
6
19% Apr
14
preferred
38%
'
*104%
"5111
25%
54
66',4 : 66%
25
114
Jan
4%
19%
Feb
NOV
Dec
—1
Co—_———No
67%7«>
;r 38%
114
67
22%
.'
150
<
114
66 V8
%
1
*52%
'
25
114
155 '
114
67
16
*22
114
*66 Va
22%
*111
15%
14%
114
*148
22%
25,
114
Va
14%
155
105%
25
*111
*15% -16%
*148
22%
105%
25
155
112%' 112%
66 Va
67 %
68%
23%
105 %
.
*148
114
V2
22%
.
90
93
*37%
•
200
.107
38 '/a
37%
110
38
'
*92
*52%
*148
conV
5/'
: 1127%
*92
93/
54
18
July 15
Oct.
3%
44
Nov
No par
Copper Co
Chrysler Corp
City Ice & Fuel
C.
82
54
*52%
Jan
Sep
537%
47% Jan
—100
pf (S2.50)
'
*76
92 Va
100
400
146
*lil%
107%
150
6%
34
•
*140
37%
92 Va
2%
16
.Oct
~9%
.6% Jan
40
22%
40
No par
—'
$3
40
50
*6%
*92
93 %
Oct
Apr
13
Chile
1,000
82
*107
107%
29
8,700
112%
37%
*92 Va
Dec
Jun
_100
Pr
tChilds
*52%
-
Nov
20%
Jan
100
Chicago Great West RR Co
574 preferred
Chicago Mail Order Co
Chicago Pneumat Tool
.-No
200
*47
47%%
A
1%
•
Lt
East 111 RR
Chickasha
34
-
111 %
&
Class
200
14% Kl4%
,103%' 103%
*
6%"
*76
/
26%
7%
.2574 Jan
1
preferred—100
Chicago Yellow Cab—
79
34%
V140
:
38
.
Chic
15%
78%
50
.
*6%
Oct
25
50 74
7 3 6 74 Jan .21
20
Mfg
Chesapeake & Ohio Ry
*13%
*27
79%
*48
/
.
par
A^_l
100
Cab
*l5/a
14%
14%
*103% 103%
*33%
34
'
103%
48 "2
48%
~7%
15% Mar
14% May
29% Jan
No par
preferred
*15'/a
29
78%
14%
103%
104
50
111
*12%
1%
*27
79%
Dec
16% May
19% May
3
17% Mar
7
Champion Pap & Fib Co-^—No
120
50%
13%
28%
Deo
Va
16 Vz
—-
Co
Chain Belt Co_^
200
38'%
16 V:
*14%
1,500
*37Va
38%
*12%
*47
4%
1,100
■•':■ *15%
*103
5,100
1,200
79%
3 %
85
56
26
6% prior preferred
5,400
2,000
79%
Jan
307% July 13
26 % Jan
—
Cerro de" Pasco Copper
Products
17,600
7%
12%
17%
13%
78%
112%
2
95 7% Jan
Certain-teed
487/a
7%
.
14%
*1%
*103% Mar
7
May
18%, July
6% Jan ) 4
.—No par
Foundry
Checker
1874
1%"
Jan
7
147% Oct
Central Violeta Sugar Co
300
177/4
*1%
Oct
8%
24
100
'fCent RFt of New Jersey—1
27%
14%
'*27//
14%
Dec
137/e Jan /13
-100
Corp
5 7% preferred
Rights /—;
6%
18'/%
28%
Jan
Apr
6
83% Apr
40% Jan 21
2d preferred
280
12%
4'%
16%
79'%
200
1,700
/
'
12%
*1274
/ *27
18'/a
20%
48%
7%
Celotex
2,360
107%
*15 7%
*26
35
9%
6
% Jan
1277% Jan -21
Preferred
1,100
2,100
683/4
20 3'a
16
.
28% July
Jan
10
No par
Century Ribbon Mills
38%
107%
13 7%
174*
800
:/ 6
20'%
*1274
*17%
1.500
18%
*49
Nov
52% Jun
100
prior
Central
14%
50 Va
05^
10%
22'% Jan
100
preferred
7% prior preferred
113
38%
.
series
30
.17Va
*49
CO
*109%
;V
5%
Central
12,
57%
*157%
•
Jan
Apr
25 % May 20
No par
1117%
*11%
:
12%
37%
Jan
1
Central Aguirre Assoc
17 Va
37%
1%
7
4
5% Apr
5
22
100
1,900
14%
*37%
Ry
2
.
5
9,200
15 Va
38%
&
Ohio
Apr
:
9
5 I
Co
23,200
17%
15
&
Steel
%
17%
17%
38 Va
49
16
10
2Va
.
.
*14%
*17%
class
—
860
18 Va
17%
;
18%
18%
14%
Clinch
21%
2 Va
;•
3,100
18%
*37%
No
Preferred
'
18%
*17'A
15
Administration
420
13 7%
!
4%
17'%
6
9%.Jan
par
Copper.
$3 preferred A
150
115%
12%
4%
1474
Cons
Celanese Corp of Amer_
*4%
39
Hecla
Capital
150
Va
*38
15
113
7%
&
Caterpillar Tractor
4,300
*110
29
48 Va
8
13%
75
1 "
1.600
107 Va
29
6
71% Oct
Va
1
10% July 15
Zinc-Lead_
Mills
220
35
-
21V4
-.
18%
20%-
48%
7%
13%
*1774
;
48 'A
:
69%
1C7 Va
28%
8,200
*.
1
29
No par
———50
^
& Af>r
5
6% May
21% Jan
—100
Packing
preferred
Carolina.
Jan
26
30
;
Sep
Jan
-..No par,-.
Cannon
"10
105
6
*17%
20%
107%
28%
48%
v
18%
20 Va
200
380
Nov
43
6
Calumet
400
35%
2
Campbell W & C Fdy_
No par
Canada Dry Ginger Ale
—5
Canada Southern Ry Co——__1GQ
Canadian .Pacific Ry
.—25
12,400
Jan
5% Jan
1,100
1417%
372 ;
38%
68%
107 Va
28
;<
13%
*17%
20
69
5-'c
Nov
Apr
20% Jan
1,200
6%
38 34
California
Callahan
9%
21%. NOV
19% Sep 13
29% Apr
5
35% July 19
31% Jun
7
6
——2% Jan
No
Sen
Jan
20
Zinc
20%
Sep
2
Participating preferred-Byron Jackson Co
10
197%
v;. 5%
Copper &
Byers Co (A M)
May
5%
2012 Jan
preferred-
xl5
Jun
—10
conv
31% Nov
11%
4
5
Oct
Mar
Apr
105% Apr
Butler Bros
Dec
3%
Jun
1
preferred__100
Carpenter
*5%
*109%"
Bush Term Bldg 7%
Deo
28 V
2%
100
41
22%
47%
par
.
Jan
54% Aug 17
10% Apr .1
7
.;
Feb
Jan
17%
9% May 10
17% Oct
24% Jan
—_
—
95%
40%
8/ : 116% May 10
6% Jan
14% Jan
Carriers & General Corp
Case (J I) Co
197%
5%
2
11
No
500
6%
38%
67%
107%
48%
8
4'A
18
28
>
Jan
Oct
par
1
—
400
20 %
* s 34
3
76% Jan,
48
100
200
v
11'%
5%
68
;
,
104% Jan. 12
May
•
7%
42% July 23
20'/4 July 10
10% May 6
118% July 27
preferred
1,000
97%
20
:
'
.
11%r
•'■•.
7
Deo
15%
2
18% Jun
4
par
Co
47%
18%
111'%
38%
5%
i"
17% >17%
13%
13',%
;
113
20
48%
7%
:
*109'/a
107%
28
48%
71%
6
5%
20%
137%
20%
*5%
67
107%
77%
13
20%
6'%
| 115%
38% - 38%
18%
20'4
*107'A
487%
20Va
"
*109
68%
1077%
287%
11%
5%
67
187%
*11%
"'•■
2%
V
.
Deo
43
174 Jun
July 14
^ Mar
l%Mar
8
"Jan
6% Jan
13
—No
Forge
4%
'.'>115%
21'%
V 2%
No
2
29%.Jan
No par
Wheel
4
May
7
15% Jun
122
%
♦110
Aug
Jan
217s Jan
25
44% May 21
13
9% Jan
100
—.
7-
.
12
75
5'
109% Oct
122
r
18%;
21 Va
■'
2%
111%
12 %
*5%
38%
51%
>
%
*19%
115%
20%
1077%
,
6
677%
12
6%
*109
387%
*574
6674
20
*57%
11574
3874
11%
197%
20
*57%
*109
1174
21%
2%
*110
'
12%.
Vb
>44
4
1,300
1267%
34 »4
1C3'%
122
116
16'
4
105
106
122
1274
Jan
Jan
Jan
19% Jan
1
12% Apr
.30% Jun
4
Jan
5
27 34
46%
122
*177%
4: '
.
Jan
7%
'
106'%
*11.5 7%
Jan
37% Jan,
par
Burlington Mills Corp—
220
774
>;
33
par
No par ;
No
Bulova Watch
1.700
43%
-.125
*140
7
20% Jan
Oct
20
30
*4i/4-
141'%;
*1217%
.
V
Budd
>
95
"'27%
•
124V4
*10574
'
;
141%
47%
35
27%
125
—No
9
Jan
19%
14V3
Apr
13% May
18% Mar
July 14
6% Apr
3
37% July 23
40% Sep 24
9% Jan
5,100
•
43 >4
16
Mfg
___No par
preferred——100'
Buffalo
••
447%
*94'%
*4% /■, 4%'
:
141
*7
94%
28% Jan
(E G)
5%
15
-
30
!
72
20
39
20
*:
13% May
July 15
2% Jan
1
?!A
'■
•
2
Co
Butte
15%
44%
33% Sep
1
35
8%
•
44 i '
943i
129
140%
8%
51.
par
23
'
2
8
9
.
Apr
Jun
3«%
Jan
13
Bullard Co
1,100
7'
•:
'34
,' 44% '
'43
27%
4V4
a,
25
2% Jan
___5
Deo
Apr
56% May 6
96'A July 29
Jan
Jau
Jan
29
July
8
58
22% Jan
'
%
121
Sep
21
Terminal
'
8%
'7%
126
47%'- 48
15%
22 Va
*44
'
95 Va
*27
4%
••'
15%""'
8%.
126
?
.
22 3
33 Va Zf 33*2
44
95
-7
22%
44
*43
95%
120
•
44
7
17
5
July 24
21% Mar 30
13
66
Sen
Apr
14%
11%
100
14
Oct; 21
//387%
6
17
Juri
19
9
<
26% Jan
preferred
://
15
.
'••_•
y, 89
par
26
Jan
G%
550
•
.
26%
54
54
msfi
15%
^
34
*7
44
V
27/
27
47o
1207%
153/a
8%
•
7
.
22%
*3334
7%
95
7
151/4
9
*43
95
■•'v
''
1
la
76
19% Mar
Nov
54
July
18%
19% July 14
Bush
1,900
■
AT
197%
*257%
v
'
* 15.
.
22%
44%
7
44
95
:•
34
8%
7 ■■■>:
*674
■•
*43%
.
*43
95'A
*4 74
15%
9
*43'%
44
15%-
*33%
54'%
1
.«
.
137%
72
19
26 V2
*53
V-
7
22
•
34
87a
0.
7
*25%
54%
1
•
13 7%
11% Jun
5
5
preferred—
Budd
500
7174
19%
26%
*53
1
Itt
7
15%
22 7%
*25%:
54%
.
7'
*33'%
26
j 5.
10
1
6 (a
;
V
25%
T
u
4
2
30
CO
374
Jan
6% Jan
15 %
49% May
105
5
13'% Jan
3,100
9'a
374
717%
45
347%
*9
*2874
3%
197%
9
*47
9'%
2874
3 %
137 a
34
45
120
9%
*28
38% May
_/_
Bearing Co__
5'o
'■
•
477%
69'% Apr
6
121% July 20
3,000
•
60
47'%
4
preferred
Burroughs Adding Mach____No
■
47%
60
47%
2,600
13
4
■
■
197%
22
22
*26
127%
4
7274
25 7%
.100
28 7%
13%
*53
33
10974
19%
7
*157%
200
1,400
28 7%
72%
-7
*33'%
1774
1874
10974
13%
Jfi
77o
2,300
1774
*187%
*327%
7
(assented)-100
RR
Bruns-Balke-Collender
7%
,
"\
19%
l37%
Maine
Bucyrus-Erie
$5
774
28%
47%
28%
33%
9;.
&
2,200
>•/-'
70
:
774
Dec
15
Brown Shoe Co___
i
40
13
9%
287%
1
j.
4974
4974'
>:
60
4734
37%
2674
••'
10
109%
*58%
60
9 74
54 7%
!;'•
*98'At 100
33
12%
>?/ 4
4'/a
*58%
2838
7%
•'
6,000
.
55% Jan
8%
Bristol-Myers Co
5
tBrooklyn & Queens Tr__—No par
JBklyn-Manh Translt^>.._vi/_No par
Brooklyn Union Gas
„_No par
•
6
.
187%
:•
*109
9%
*2574
'
115
574
,
Dec
—1
1,600
8'%
112
8%
*
17
874
«
73 ZZ
.
•_
1,600
:
Jan
28
■
300
40'A
,
24%
•
Brlggs & Stratton_
2,800
157%
*167%
.
*17%
-
28%
110
*3%
*53
95
•-
7%
*32%
28%
*109
127%
7%
33
28%
13%
*39
■•
Apr
16
Brewing Corp. of America
15
Bridgeport Brass Co
i—-No.par
Briggs Manufacturing
No par
200
1
157%
.50%:
.
*17%
9%
*19%
Bower Roller
1,500
,
f»
u\
100
*49%
7%
2874
Inc
Boston
3,000
•
1a
6%
,>.
*98 74
51
3%
*3%
*42 7%
6
'7%
110
••
*57
6%
28%
*28
13
i
#
1157%
7%
33
127%
;
474
5974
*58
49
*109
127a
4 %
60
17
;
43 74 >
>
*
,
.v.
8% >',. 87%
177%
'
287%
110
12%
4%
59%
*72%
16 %
•
*112%
'■/
42
T'J
40'%
187%
18 7%
*22 ;
287%
*109
*42
■'
17%
27% Jan/'8
No.par
Co
800
400
•
A—
„No
Stores
300
2674
16 Va
*39
8%'
*49%
77%
17'/a
187%
33
*98%
5174-
class
(The)
Borg-Warner Corp
5,000
'
•
.
97%
267%
1
16 7%
•
114
0/-6;/ ■
101
7%
1774.
18%
32%
Borden
>
97%
43%-'
"MO.
16%
8%
114
6 74
■!'
*987%
51
7%
17 %
67%
101
*49%
7%
32%
7
:
41
•
*407%
■
40%
16%
115'%
Ann Co
Bond
■
51%
*17%
*
16
'
41%-
*42
:
*40
3
Jun
>14% Sep
41% Jan
3,300
3574
27
72
*39
874
?.
*34'%
July
17
9% Jan
3,000
.
3%
9%
•
41%
Jo
15%
1674
>*8 7%
*114
1157%.
6%
103
4
167%
87% /
8
43%
11>
.115
4074
357%
5
33
par
Class B
80
297%:;
V -374
x
40%'
26%
*41%
>.■ n
.
1574
*39 V
.
27
41%
1
1574
9%
'
■
V
40'A
17
*114
'
*109
.'.*
'%
40 %
9%
:*4i% :
43 74
7%
*53
1 Z :
/.•'
157%
*38%
6%
*50%
7%
:
52
1
*15%
>4
*42
4374
JO
1
116
6%
*101
40%
9%
8%
•
*40
4174
337%
35
3%
35%
Bon
/
47%
>7
2974
35%
•3%
160
33
56% Jim
:
23
preferred——100
Co
5
Aluminum & Brass—.
5
Bohn
Highest
$ per share
110% Jan
Boeing Airplane
600
20
7
Blumenthal & Co
7,700
/
89
•
No
I'Mi
5
V
par
100
Bloomtngdale Brothers
10
.'
;'/>
98
477%
<'
*34%
■
/.
•
'
■
17% Sep
S per share
8% Jan
54% Feb
Blaw-Knox Co
—No par
Bliss & Laughlin Inc—_—___;—5
'
97a
17
8%
34%
26%
15%
*114
34%:;
4074
47%
34%
.3%
>V/'1' 974,
%
40
>
35
37%.
35
97%
1
*15%
34%
37%
.
J
*40
.,>>
3474
7% Z
3
35
■
*41%
■
43%
i*
•
*to
41
9%
'
*
3574
■•*40
9%
347%
374 /■'
*35%
40 7%
9%
35'A
*31%
.
35%
16'%
89
29%
40 74
,
*15
per share
22% Jan
'
par
No
Year
Lowest
9% May
46 % Mar
/
(Del)
$
13% Mar 17
v
No par
Black & Decker Mfg Co——No
par
3,400
167%
89
*47-
'•
-
4674
2.91/2
*3%
83% >
No
7% preferred
Blgelow-Sanf Carp Inc
i7'%
16 /
32%
34%
•V
8 74 A
*17
*95
29%
¥ *35
700
*467%
32%
46
500
177%
Co
Since January 1
Highest
$ per share
Loan_____.No par
Bethlehem Steel
400
37
16
29'A
:
119
47
■
'• 11,800
59'%
17'A
98
15
46%
Lowest
Foods
119
16%
32%
,
&
*367%
17%
1574
:
Best
Best
8%
*17
4674
•
*90
8%
17%
Range
pfd S2.50 div series '38_No par
500
17% '
98
46'A
90% ,90%
46%
36%
17%
8%
Pr
Indus
5,100
119%
37
157%
'
1574
467%
*117%
118
*17
Beneficial
16'%
59'/a
17%
177%
ITS O O
•
57
34 Va
59%
37
Range for Previous
STOCK
Par
16
59%
•
YORK
EXCHANGE
*34
16
118
,
NEW
>
Shares
•1674
*56
34%
15%
60 '/a
59%
8'%
*95
■
15
46%
16
share
16'A
57
OO
/
157%
16%
*34
15%
S per
for
the Week
'
38
*147a
*46%
35
874
17
*95
16%
*34
•1774
46%
*46
16%
Sales
o»>
Oct.
per share
*56
6074
•
*14%
98
14%
17
87%
16%
$
57
11874
*16%
v
share
per
*56
16
*367%
177%
$
Friday
Oct. 21
35
/
59 74
..'/
37
*17
STOCKS
Thursday
Oct. 20
167 a
16
11774
37.
*1674
/•'
//
PRICES
Wednesday
57
35
:
597%
117%
38
*17
167%
347%
15 7%
59
SALE
per share
*56'
34%
•.
.
59%
HIGH
Oct. 19
*167%
*15%
AND
Tuesday
■
.
Oct. 18
1643
Jan
Jan
4
11
Jan 11
Jan 12
Jan
4
108
Jan
7
1VA Jan
4
2'/4Jan
2
3'/2Jan- 2
3
Jan
2
15% Jan
6
157% Jan
2
July
50
July
97% May
177% May
7'/4 May
217% Jun
Jun
Apr
Apr
2
157% Sep
147a
93
20'
874
1374
Sep
77%
Nov
Jan
393,4
52
Jan
87%
Jan
117%
Nov
117%
Jun
1334
Feb
274
33
Jun
10
3% May
47
4
1
Dec
3
32 Va Apr
20
May
85% July 15
43%
53
Sep 27
July 15
8 '/2 Jun
39 %
Jan
May
130
32
7
Oct
2 Va
25
July
Jan
9
92
15% Aug 18
106
28
Mar
Jun
120
Jan
18
747% Jun
7
6774
Apr
11674 Aug 10
107'A
Jun
39'/a Sep
22
22
Dec
May
108
95 74 May
54
777a May
47
May
Sep 22
927% Sep 29
Jan
177%
41May 1
54
May 27
.15% Apr 30
18
Jun
Oct
Oct
Jan
12
Apr
97%
Aug
Apr
July
47%
0
,22
187%
1007% Nov
25
7074
Jan
Feb
Jan
Dec
1074 Aug
99
Aug
34
Apr
3
Jun
397% Nov
125
Deo
72
Mar
11274 Nov
317a
102
Deo
Deo
8474 Mar
50
Jan
48 7% Mar 30
32'A
Apr
44
Jan
40
257%
Apr
367%
Jan
Sep
13
153
July 20
Sep 21
123
July 14
6874 Oct
18
24 Va Sep
10
10974 July 17
287% July 15
1147% Oct
6
197% Juy 14
19
Sep
139
Jan
149
Nov
56 Va Mar
92
Nov
557%
637%
Jan
1774
Nov
1077%
Deo
Jan
11'/a Mar
97'A
Apr
107% May
96
May
13 Va May
7%
25
Apr
May
1874
108
137%
47%
Oct
Deo
Jan
574
Sep
Sep
5
Sep
1974 Sep
25
1
1774 Sep
25
2474 Julv 14
% July
87% Apr
167%
Deo
24 Va July 14
87%
167b
Deo
Apr
THE COMMERCIAL & FINANCIAL CHRONICLE
1644
LOW AND HIGH
Tuesday
Monday
Saturday
t per
$ per share
$ per
share
•
72'%
947/4
947/4
*9 2
15'/a
15'/2
*34'%
39'%
*34'%
39'%
38'/a
38'%
/
15'%
40 VB
*13%
7%
*1057/4
40%
41 >/4
417%
13%
147/8
14 7/8
J1
3/„
'4
U
74%
73%
25 %
25%
25%
26
25%
)■
par
l7% Jan
2
5 'A Jun
2
6%
preferred series A
100
40'% Jan
2
77'% Sep
28
30'%
Sep
Sep
54
Jan
230
5%
preferred
100
37
Jan
2
73
Oct
18
29
Sep
45 Va
Jan
No
par
79'% Jan
13
98'% July 15
51
Mar
84%
Dec
No
par
7
19'/4 July 14
Jan
11'A
*93
95
*92%
15%
16
15%
38
*363%
383/4
*1051%
,200
,
4,400
413%
41'%
413%
13%
14
13%
14
'
!k
*8
737/4
74
74
76%
26
25%
25%
25%
25%
7,200
8'/4
8'/4
8%
8'%
8'%
*8'/4
8%
400
22%
22%
22'%
22'%
22%
22'%
1,500
21 »/4
21'A
21%
21%
21'/4
21'/4
217/4
21%
22
22'%
21%
21%
4
4
!106
106 »/2
4
Va
*106
4 7/8
•
1061%
4%
106'%
Z
4
4'/8
106
106'%
lyi
4!%
1
'
4
30
4%
22%
22%
22%
22%
221/4
22%
22%
23%
22%
23'%
22%
104%
104'%
104»/a
104 7/2
*1041%
104%
104'%
104'%
104%
104'%
V
.
23%
104'%
2%
2%
2%
2%
16
i6
16'/4
16'%
16%
16%
7
7
*6%
7'/a
13'%
13 Va
2%
13
2%
2%
17%
17%
2%
17
7
2%
"
6%
*6%
7 >/8
6%
13%
137/4
13%
13%
13%
13%
21%
17'/a
14
?,
6%
5,900
17,300
21%
21'/4
21%
*21 %
21'/4
21'%
14
14'/4
13%
14%
13%
13%
13'%
13'%
l3'/4
13%
147%
14'%
14%
14%
14%
14%
14%
14%
14%
14%
45
45
46
45
45
*45
21%
*21'/4
46
*44
Jun
3%
Apr
18%
Dec
10'% Jan
2
24% July
9% Aug
12%
Dec
90
6
109
97%
Feb
Consol Coppermines Corp.
Consol Edison
No
4% Sep 14
15'% Jan
5
91'/» Jan
5
105
$5
Consol
Film
Industries
*44
45%
Preferred
800
200
I 290
v
$2.50
21%
21%
1,300
Container
8'%
8%
8'%
8%
1,700
Continental
*1081/8
109'A
*108'%
109'A
*108 Va
109'/4
35%
35%
*108'%
109'/4
*108'%
109'/4
*108'/a
1091/4
35%
35%
35%
35%
104'%
105
21
105
Pow
Consumers
8%
Cuba
preferred
8%
y.
—1
Consolidation Coal Co
of
6%
pfd
13
21
$4.50 £>fd...No
36
351/4
35%
4,000
Continental
11'%
11%
11%
12
11%
11%
11%
11%
11%
12'%
2,200
Continental
Diamond Fibre
47'%
47 7%
48
48
48'A
48'%
47%
48 '/a
47%
47%
1,000
Continental
Insurance
5%
5%
57%
5%
5%
5%
5%
5%
5%
5%
6,200
Continental
5%.
35%
V.,:
32'A
31%
31%
317/2
31%
31%
32
247/4
24'%
*23'%
247/4
24
25%
257/2
25%
25'%
25'%
*11%
11%
*11%
11%
11 '/a
12
12
12%
11%
12
51
51
50»%
*50%
*50%
517%
5%
...
31%
32'%
25%
1,000
11%
-: 1,900
Copperweld Steel Co
Conv pref 5%
series
51'%
*50%
7,500
Continental
of
Oil
51'%
150
16
16%
16
16'/4
16%
167/4
16'A
16%
161/4
16'%
16'%
16%
2,600
46'%
46'%
46'A
46'/4
46%
47
46 7%
46%
x46 !4
46'%
46%
46%
580
Corn
Exch
59
1,500
Corn
Products
183
Coty
Internat
59'%
181'A
181'/a
59
*4'%
4%
4%
2
2
4%
2
20'A
20%
20
106'%
105
105%
21%
21%
21'%
18
18
17%
28'%
29
*15%
28'%
15%
700
Crosley Corp
28'/4
1,100
46'%
200
28%
28%
28%
28'/4
46 '/4
*46
46'A
46'/4
46'/4
<
167%
16
16 7/4
16%
98'%
98
98'%
98'4
98%
32'%
32'%
32'/4
32%
4,700
77
*75 %
76 i/a
767/4
767/4
*75Va
76'%
21'%
*21
21%
20%
21
20 !4
20%
*19
20'%
450
11%
11%
11%
11%
11%
*11'%
11%
6,700
21
11 Va
12
31%
*75!4
15%
161/8
11%
16'/4
*109
112
*109
112
*109
112
'109
112
*109
112
101
*98
101
*98
101
*98
101
101
101
*98
102
23%
24'%
23V4
23%
*23 •*■■■
24%
24%
24%
108'/a
*107
108'%
6!%
6
6'/a
6
91
43%
7'A
77/4
6
90
90
*89
44
*44
VA
*105
23%
2334
5%
24 V8
6
5%
89
44%
431/4
44%
7%
77/4
73%
18 7/4
18%
77/4
197/8
18%
19%
x
,:
89
6
88
89'%
*42'%
:./
$5
44'%
100
/ 5,900
200
v
7,300
7%
15,600
Prior
18 7/4
18'/4
3,300
Apw
27'%
Dec
Apr
21'%
Nov
12'%
Jan
Mar
51 '%
Jan
Apr
37%
Dec
Apr
58
Dec
Apr
179
*111'/a
*18%
20%
13%
13%
112 »/4
5111%
112'%
*1111%
112'A
Dec
9%
Dec
14'A May
20'%
Nov
32
16% July 14
Dec
Nov
16%
5% May
2
14%
98%
Jan
41
Jan
Mar
10
Apr
77
May
88'%
Jan
23% May
39%
Nov
Jun
84
Nov
Jun
13%
12 Va
Sep
8%
Jun
9
Jan
July 14
88
Jun
140
Jun
74'%
Jan
5
30
5.
10'% Jan
18
Jan
No par
30'% Jan
Jan
6% Jan
1
18% Oct
Feb
100
Dec
Jan
2
Oct
13'% May
32'%
Nov
32
5
8
115
Jan
Mar
17
138
13'A
13
90
19%
Sep
Jun
20%
Oct
57% May
9'/a
Jan
18
Jun
25%
Jan
12
24'% Mar 29
Feb 26
Feb 10
15% Jan
4
No par
8% May
Dec
19
9'% Apr
84
95%
Jan
10
45'% Sep
96
pfd—.100
No par
Oct
96% Oct
13
17;
10
7% May 10
2
2
2
—No par
A
26'% Jun
107
2
1
,r
preferred
Curtiss-Wrlght
63
24'% Oct 20
8
...No par
6
July 15
106 7% Jun
4
8
100
Jan
1% Jan
;
(The)
113
92'% Mar 20
100
—:
Inc
$8 prefened
Cutler-Hammer Inc
14%
Oct
Apr
Jun
12'%
5
Cushman's Sons Inc 7 %
20%
47
10%
85
11
125
13%
Nov
14'% Jun
150
*18'/a
Nov
7/a
22% Aug 11
*135
*18%
3'%
Apr
82% July 20
*115
73/4
23'% July 27
2
30% Jun
2'% May
9
1
150
*7'/4
108'% Aug 19
23'% Mar 12
Oct
May 17
2'% May 22
7
125
7%
22% July 14
5
4
9
Jan 15
18% Jan 12
37% Jan
6
'1
2
6
159
7
*135
*7'%
14'% Jan
95
Jan
16'% Jan
No par
2
2
42'A
2
7% Jan
105
Feb
*115
7%
2% Jan
U Jan
•
2
9'% Jan
150
*7'/4
186% Sep
Jan
71% Jan
125
7%
7
617% May 21
535% Jan 20
176
Apr
,100
*135
3,200
23%
53
.100
*115
21%
47
.
120
21%
2
Jan
—
150
21%
Aug 24
17% Aug 20
45
7
45
Sugar.—__._10
*115
21'%
Jan
14% Oct
37
100
100
2
Apr
7
6
99% Aug
*135
21'%
Nov
38
130
%
47/a
4
2
150
21'%
Dec
2% May
6
8
*115
21'%
Jan
y;' *2%
11'% Jan
81'% Jan
*135
21'%
Dec
8%
Apr
30%
30'% Sep
150
21 Va
28%
21% Apr
5% Sep
Jan
No par
130
*21
103'%
Apr
Dec
Apr
preferred
Class
7V4 May
Oct
5
No par
*135
21
8
*-No par
*115
21'/a
28
49'% Sep 2C
41% Jan
16%
77
4
15% Jun
-——No par
$7 preferred
80
800.
7V4
24
96'A
8%
preferred
Curtis Pub Co
110'% Sep
Jan
May
11% July
2'% Apr
17
Corp..—
preferred.
Press
5
82
50'%
(The)
Cudahy Packing Co
4'%%
2
2
L.
preferred
Cuneo
7
36% Jun
preferred
——..100
5'%% conv preferred—
100
20
16
H'% Jun1*
5
Zeliertoach
Cuban-American
'/
Oct
23% Jun
7
7%
■.,
6
6
7
.
Jan
Nov
9
37% July 15
:—•
(The);
Cuba RR 6%
Jan
2
25
preferred
preferred
conv
5%
200
23 %
/ 108'%
*105
Crown
109
~8V4
22
27% July
Crucible Steel of Amer—>
>
*23%
23 3%
108'%
91
-
7%
19
19'%
x23%
-
6%
44
7%
19
19
108'%
91
43%
7'%
24
*105
6%
23%
247%
*23%
107
44
*89
43%
24
24
107
5,000
75'%
75'%
112
24%
$2.25
Sep
15
Crown Cork & Seal.
270
32%
11%
18%
18%
98
22'A
6'%
18!V
^
18%
conv
Jan
45
Jan
25
Cream of Wheat Corp
5%
July
4%
7
Oct
8
Co
550
32%
76'%
*90
28 7/a
281/2
461/4
*18
Crane
"3%
Jan
Jan
3
Jan
Aug 11
7
1
1
900
987/4
11%
23'%
18%
9,000
l'/a
'
2
Corp
21%
% Nov
9
Apr
25'% Jan
—
105'/4
% Jun
7
18% Jan
x9% Jan
Refining
Preferred
21%
32%
21'%
*23'%
18
20%
19%
105
21'%
98i/4
*75 V4
*106
18
20'%
105
21%
31%
31%
•98
105
21%
28 %
16
98'%
*107'%
20'%
20%
105'/a
21%
500
98%
*97'%
98'A
31'%
/'
*105
4%
2%
32
15%
16
19%
v
*4%
-
420
700
*2
4%
2
217%
*46
46'A
*46
46'%
4%
2
18
17%
28'%
105 %
58%
183
2
21%
21'%
59
184
4%
2
201/2
105
182%
*4%
4%
58%
*182'%
59
59
182
2%
20%
20'%
106'%
V
181%
*2'V
4%
*1%
*46
59
*58 i/a
181'A
59'/4
181'%
Jan
t
Y
27% Mar 30
8
16
26'% Jan
Co______20
Trust
Nov
94
5
Electric
Bank
Jan
16%
Apr
No par
5
50
Corp
1
Inc
Coty
59'A
181'%
Cornell-Ducilier
7%
Apr
16
Jan
40% Jan
5
Del—
8ep
11%
21'% Mar 29
96
20
Continental Steel Corp
11%
4
Jan
78
1
1
*24%
/ ./•.
Sep
$2.50
Motors
Apr
16'% May 10
89
100
Can Jnc—
12
46%
8
,
16
Jan
x4% Jan
par
Baking Co......No par
-
83
2
19% May 12
33% Jun 24
Corp of America——20
preferred
Sep
July 24
3% May 12
7
Sep
3
6% Apr
7
24% July 15
11
Oct
5
7
50
...
27
f
4% Jan 11
100
—25
46'%
36
% Jan
.10
Consol
Jan
7% Jan 11
2% Feb 10
5
Aircraft
1.500
21'A
21
—.1
No par
...
RR
par
No par
2,500
•/-
104%
1041/4
N Y
$2 partlc
8%
8%
'
of
preferred
21V4
8%
50'%
Jan
Apr
1%
104 »/8
51
23%
17%
12'%
21%
8'%
*50'%
Jan
July 20
jun 12
104i%
31%
44'%
Jun
217/4
32
Jan
21'/e July
76'% Oct 22
11
1041/a
8%
31%
OCt
ii
25
21'%
*8%
■■■■;
10'/4
Jun
aa
7
104'%
35%
Dec
34
7'A May
10
2
21i%
8%
*115%
Jan
Nov
13
104'%
21'%
20'/»
July 14
1 % May
Oot
105'%
2% Jan
Consolidated Vultee
21'/4
105
Apr
Dec
17'% Jan
4,900
14
14
21'%
91 »/a
Oct
29'%
21'% Jan
2,000
14%
104%
Jan 7
Jun
35
■
No par
6%
21%
46
16'%
July 9
No par
No par
100
5
preferred
Consol Laundries Corp...
*6%
13%
25
Co
Congoleum-Nalrn Inc
Consolidated Cigar
6%% prior preferred
2,100
/.
Edison
Conde Nast Pub Inc
6,600
14
*45
7
16
2
Commonwealth
Jan 1
2
36% Jan
5%
2'% Nov
24
44
2
& Jan
18'/4
14%
*21'/4
15
9'% Jan
2,700
•
3
2%
-
17'%
1,500
106
104'%
2%
29% Jan
par
1
107% Sep 20
44 '/a Jun
1
19
Commonwealth & Southern—No par
$6 preferred series
—No par
14,700
22%
4'%
,104'% Jan
No par
22%
*4
100
preferred
41
11
14
No
22%
106'%
30'% Jan
25'% Jan
Commercial Solvents
74%
Jan
10
..
Comm'l Invest Trust
22%
*106
Credit
conv
9
—-,-lVo par
4,600
30,900
22%
106'%
Pictures...
6,500
:
%
22%
*106
Co.
preferred
4'%%
41
Carbon
Commercial
107
141/4
u
$2.75
,
383%
-1057/4
%
Columbia
38
41%
CvV % v
Columbian
2,200
163/4
38i%
107
/A:'-//, 100
93
8»%
8»%
share
O
-
25%
26
Highest
$ per
2,300
4%
8'/4
*8
77;
1912
$ per share
31,500
107
%
73
Year
$ per share
share
4%
38%
13%
.72%
No
per
71%
38%
41 '%
72
Columbia Gas & Elec
t
76 7/4
381/4
1J
72
i:-Par
71%
*36'%
13%
71'%
■
76
4%
36%
40%
%
:*
71'%
15%
14
\k
.Y-f
;>
Lowest
Highest
Lowest
76%
4%
95
40%
•
Shares
Range Since January I
.V/"./:/-//
■
71%
36
107
'•
y
76
38'/a
*105'/4
107
*105'%
.
39'/2
38'/4
38'/4
38
107
*35
$ per share
Range for Previous
STOCK
EXCHANGE
72%
•15'/4
15'%
NEW YORK
the Week
76
*71
157%
%
Sales lor
Oct. 22
$ per share
4%
47%
76
72%
15 !4
*1057/4
-
\i'.? 70%
94'%
*93
95
*93
47/2
77
*75%
73
72'%
72'%
Oct. 21
$ per share
77
76%
77
STOCKS
Fridav
Thursday
Oct. 20
share
x3%
47%
4%
4'%
4%
76%
SALE PRICES
Wednesday
Oct. 19
Oct. 18
Oct. 16
Monday, October 25, 1943
80
Jan
95
Oct
44
Jan
81
Nov
12%
Sep 21
Sep 25
26% Jun 29
Jun
18.'
Oct
D
7%
*7
♦7
*18'%
20%
*18'%
20%
*13%
14'%
*14
14'%
*111'%
112'%
112'%
*111'%
T
14
*111%
112%
,
*7'/4
18 %
20 3%
13%
*
73/4
13%
Davega Stores Corp
5%
2,500
*21'%
21%
22
23'%
23 7%
233%
23%
23%
2,000
Decca
Records
37
37%
37'/4
37%
36%
37%
371/2
37i%
363/4
37'%
36%
36%
3,800
Deere
&
33'%
33'%
*33'/a
33'%
33%
33%
33 7%
33%
33%
33%
34
34
1,600
18
*17
18
*21
22
*17'%
6%
21
14%
6%
*17'/4
14%
14%
6%
21'%
14%
21 Va
22
.
18
6%
21'%
21%
*17%
14%
14%
7
22%
•
147%
7
6%
21'/4
21'/4
*17%
18
14%
18
*17'%
173%
141/4
14'%
14
14%
pfd
Dayton Pow & Lt 4'%%
21%
Jan
17%
Oct
5
8
Aug
12%
NOV
20
116
Jun
8
102
Mar
Apr
27'/4
Dec
30»%
Nov
Apr
13'/a
Nov
Jan
11%
2% May
4%
Jan
18%
Jan
36'% July
12
Jan
2
2
20'% May 19
17% May 5
9%
8% Jan
7
10% May 10
tDelaware & Hudson———100
6%
6%
6%
7,700
Delaware Lack & Western
50
21%
211/4
213%
6,600
Detroit Edison
20
3% Jan, 2
16% Jan 12
July
10'%
Apr
5
43
Jan
4%
12
10
110
18'%
11
Jan
Jan
21'%
Apr
257% May
24% Sep 20
Jan
26
29
-10
Delsel-Wemmer-Gilbert
3,200
15»%
Jun
7% Oct
19
par
1
No
6%
7
3
19
5
20
Inc
Co
Dec
Mar
2
108% Jan
100
Preferred
4
2%
9
Jan
3% Jan
"
(The).—.1
Corp
Jan
12
25
Chemical
4
17
9
...
preferred
Davison
6
1
14%
22% July 14
Apr
Dec
Oct
'
*46
50
48'/4
*46
48'%
Detroit Hillsdale & S W RR Co..100
40
30
37
Oct
37
Oct
*28'A
29
28%'
29
29
29
29%
29'A
29%
*29%
30 7/4
330
Devoe &
No par
17% Jan
7
35'% July 12
14
Jan
21
Jan
*31%
32»%
31%
31%
*31%
32 >/4
31%
31%
313%
313/4
31%
32
600
Diamond
No
par
26
Jan
6
33'% Mar
18
27'/4
Jan
*40
40%
40
40
*40
40%
40'%
40'%
40
40
41
500
.25
37
40% Aug 10
Apr
Apr
13
13
12%
12%
12%
12%
12%
13'A
28'%
28'A
28
28'%
28%
29 7%
"29'%
*96'%
*14!%
*46
50
*46
50
29
961/4
*46
96 »/4
*46
50
12%
12%
12%
900
31'%
*12'%
30
30
*40
30%
31'%
10,200
98%
*96'A
98
*961/4
14%
*14 7/8
14Va
141/2
14'%
14
141%
*133/4
14V4
300
43'A
43'%
43%
44
447/4
44'%
44
44
44
44
29%
30
30
29'%
30'%
30'%
30'%
31
31%
23
43
43
29
29'%
97i%
*96'/4
98'A
*967/4
14'%
*133/4
98
Distil
200
2,300
Match
partlc
5%. preferred..
Dixie
Cup
Doehler Die
Casting Co
23
22%
22%
22%
23
22'%
22:1%
22%
22i%
1,800
61%
62%
62%
63'/4
62%
63'%
62%
63'%
62i%
62 %
4,200
Douglas Aircraft
134
132%
133%
127%
129%
1307/4
130%
1303%
2,900
30
29%
*29 %
30
30
30 »/8
30'/4
30%
30 3%
30
7>%
*7>/4
77/2
77/4
7'%
7'/4
7'/4
71/4
11%
117/4
117/4
11'/4
11 »/4
*11'%
11%
11'%
11'%
*120
122'/a
*30%
77/4
*11
"IVa
*121
122'/a
*121
122'%
145 Va
146
145%
1467/4
145%
*127 Va
129
127%
127%
*127'/a
128 7%
*
121
120 %
120%
1201/4
*121
120'/4
1201/2
*34 Va
6%
34%
34%
35
39y8
161
177 7/4
1777/4
397/8
40
40
145%
*128
119 V*
35
34%
6%
7%
160 7/4
1617/2
177%
*175
34%
7
*6%
6%
161
161
146
1607/4
*176
J
*6%
*160
177%
39%
177'%
39%
40
7
31
1,100
*11'%
VA
700
113%
■■>■■■
300
*121
122'%
146
128%
121
145
145'%
*121
122'%
145
122'%
145%
*128
128'A
128'%
128'A
*119%
120 'A
210
357/4
7'/4
161
35
,35
*6%<>•;-?7.
178!%
40%,
.
„
;i
•
161
0
,
..
•
/> '
^
1,600
363%
11 %
11%
11%
11%
11'/4
11%
11%
11%
ll'/s
n'A
11%
ll'/4
*3%
3%
3%
3%
3%
3%
*3%
*3%
3%
3%
33%
4%
4%
4%
4%
4%
4%
47/4
4%
43%
4'%
4%
5
7,400
77%
78'%
30'%
30%
*30
Electric
600
83
6,200
74
74
74
78
2,600
40 3%
40%
40 3%
800
Electric
30'%
30%
31
30%
30%
500
El
57%
57%
577%
200
*56
57»/4
*111
1121/4
8%
8'%
8%
577%
111
8%
111
*110'%
8%
111%
83/4
8%
10
10,400
88%
89 »/4
89 >/4
897/4
887%
897/4
88'%
897/4
88%
89 y8
*87
89 7/4
90'/4
89%
90
89%
90
89%
90
892/4
90
3 PQ
90
1,210
93
93
93
93
93
93
92%
93
93
93
*92%
93
270
For footnotes
*%
see
page
%
1651.
:
%
%
*11
%
3L
%
,
•%
890
1,300
$6
preferred
Storage Battery
Jan
Nov
Deo
Apr
2%
Jan
4'%
Apr
151»%
Deo
180
Nov
Public
$6 preferred—
{Equitable
Office
1% Jan
4
Jan
5
1%
Bldg_.
May
11
Oct
15
Jan
20%
Jan
30%
Dec
.
Mar 30
9%
Dec
13%
ft Feb
1%
Nov
Jan
1%
Nov
14
5% May 10
6% May. 20
7
%
36'%
Dec
Jan
31'/4 Jan
20
83
Oct
22
17'A Apr
20
78
Oct
22
15
Apr
32%
Jan
No par
2
42% Sep
20
29
Jan
347%
Nov
3
23V4 Jan
7
19%
26%
Feb
;_50
49'% Jan
5
39%
Apr
Apr
107%
Feb
__1
109'% Jan
2% Jan
9
58'% July 17
118
Aug 21
9'% Sep
30
1% Apr
49'% Dec
112
Oct
3 Va
Jan
40
Apr
66
40
Jan
47'%
July
Apr
73
2
83
Jan
'A Jan
l'A Mar
1
A
Dec
No par
par
Sep
62'% Jan
54
57% Jan
No
11
x32
357/4 Jan
92'% Sep
94% Oct
No par
No par
...■
Mar
26
28'% Jan
Service.
—
170
19
Sep 20
39'% July' 2
4
,1,00
$5 preferred
$5'% preferred-^
8
45% July 15
8
6% Sep 10
Dec
Nov
33% Jan
preferred
Engineers
11% Feb
34
16%
No par
No par
Paso Natural Gas—
5%
35
30'% Jan
.No par
Endicott Johnson Corp—
577%
1127/4
78
Sep
—;
shares
40
*56
%
Am
40
89%
%
Elec Si Mus Ind
Electric Power & Light
$7 preferred
73%
*111
8
144
118 Va
8% May 28
Jan 19
...3
78%
*30
44% July
"
...5
(The)
39%
57'/2
8%
—4
X173
—.2
Boat
73»%
112%
8%
Auto-Lite
2,600
777%
*56
8 '/2
2,700
Electric
77%
*111
8%
—100
Edison Bros Stores Inc
73%
57%
8%
700
No
40
112%
*56V4
*111
16'%
.
Co
6 % cum preferred
Eaton Manufacturing Co—,
,"
30%
30
13
Oct
July
127
Apr
111 Va Mar
Jun
Kodak
Mills
120
Dec
Nov
102% May
184
Rolling
7
10 Va
120
2
40
367/4
*29%
13
2
par
40
37
777/4
117'% Jan
Aug 11
121% Sep
1,000
179
•
37
40
130
108
17/
*72%
159'% July 15
8
May 19
37 :
73
Feb
170
16%
777/4
112
2
36%
39%
Sep 29
20
17
73
121
146'% Jan
37
39%
Jan
1% Jan
16 7/2
73V4
Apr
8
5
100
1st pfd
16%
2%
31'A Jan
36%
77
Duquesne Light 5%
,
13% Mar
1
8
9% July 16
1
17
40%
Jan
125% Jan
Dec
3
377/4
*72 V2
134
No par
Oct
134'%
Eastern
17-
*39%
.20
& Co
70%
Apr
Eastern Airlines Inc
37
76%
(E I)
May
Eastman
17%
76'%
Nemours
51
95
13% Apr
24
Dec
4
35'% Jun
4
Jun
Dec
Dec
16%
May 28
1,300
37
4
de
Jan
Dec
29
26
Apr
1,200
*36%
v'
P
$4.50 preferred
9
115
9%
Feb
8
7'A
160'%
...
*17
.
Du
153
8
par
7% July
32'% May
16% Apr
73'% May
5
100
No
Jan
July 12
May 20
35'/4
*34'%
*6%
k160
*176-ni79
Ti l A *176
39'%" 39%
t) '1
40
16%
i6%; •■r *16%
161
3,200
I
Dupian Corp
8% preferred
200
120 7/4
120'%
Jan
5'% Jan
16
No par
;
28
7
25% Sep 11
19
International
Nov
33
5
127% Oct
Dec
87
May 10
16'/4 July 15
20
Jan
No par
Dresser Mfg Co
Dunhill
15'% Jan
56
9%
22%
70
45
22% Feb 20
No par
397% Aug
98'% Sep
18
No par
:
.
33%
31'% July 14
2
Jan
38'% Feb.
—No par
Dow Chemical Co
131
10
par
8
6% Aug
16'% Mar
17
13
83'% Jan
100
Dome Mines Ltd—
61%
131
8
No par
61%
'
21% Jan
—No
22%
131
6
20
___y_
Co
Class A
22%
134
Jan
8% Jan
No par
Corp-Seagr'a Ltd
48'% Apr
Mar, 1
2
preferred
Diamond T Motor Car Co
350
29%
6%
Raynolds A
Jan
92
Sep 27
27
Jan
%
Oct
r
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4223
158
LOW
Saturday
AND
HIGH SALE
Monday
Tuesday
Oct. 18
Oct. 16
Oct. 19
$ per
share
11%
11%
11%
11%
11%
11%
11%
11%
47%
47%
48
48%
$
per
share
PRICES
STOCKS
Thursday
Wednesday
Friday
Oct. 21
Oct. 20
$ per share
1645
$ ver share
$ per share
Sales lor
Oct. 22
NEW YORK
the Week
$ per share
Range for
STOCK
Range Since January 1
Lowest
Highest
EXCHANGE
Shares
Par
.
78
*77
8%
*77
-:,11%
48%
8%
12
12
*11%
23%
24
23 %
*2%
3
*2%
12
:
3
11%
12%
49%
49%
,
Erie
1,900
12%
23,200
49%
49%
1,800
.*77
78
7%
12%
11%
49%
*77
8
*7%
\
-
78
12
i
Ctfs
7%
common
of
benef
Eureka
3,000
11%
12
12
*11%
11%
11%
11%
500
Evans
23%
24
24
23%
23%
23%
23%
900
Ev-Cell-O
2%
2%
3
*2%
2%
*2%
2%
100
*2%
''
lnt
Vacuum
11%
.
■:
| per share
-,-No par
No
8
9
S per share
16% May
16% May
S per share
4
4%
Highest
$ per share
Jun
10%
Oct
Jan
9
Jan
10
Oct
39% Jan
12
32%
Jun
44
50
4
52% May 19
3%
100
Jan
68% Jan
18
77
70
Dec
5
70
Dec
3% Jan
2
9% Jun
8
5% Jan
.4
14% Jun
5
Cleaner
Products
8% Jar.
par
5% pref series A
Erie & Pitts RR Co
78
7%
8
RR
23%
.v
23%
■v
8
12%
11%
11%
*77
78
7%
11%
49%
48%
*77
11%
11%
11%
11%
78
8%
12
ITevious
Year 1942
Lowest
Co_i
5
Corp
3
x23% Sep
9
% Jan 19
Exchange Buffet Corp_J——™2.50
Mar 26
29% Mar 30
3% July
1%
Jan
4%
Sep
Apr
7%
Dec
May
4%
20
28%
Oct
1
ii
Mar 26
277/a
Apr
37%
Jan
19
Jun
29%
Jan
6
Jun
8%
Jan
1% Nov
F
"
36
36
24
24
VVrV 23%
16
*15%
36
35%
35%
24
24%
24
24%
*15%
.16
*15%
16
15%
102'%
104
>102%
104
*102%
104
23%
23%
23%
24
17
17
17%
17
36
35%
24%
*35' :
35%
24
%
35%
36
24%
23%
24
15%-
16
16
200
104
20
>36
700
%
■
Fairbanks Morse St Co
•102%
104
104
16
*
104
24%
24%
24%
24%
24
24
17%
17%
17
17
17
>•' 17
4%
5
*4%
5
22%
22%
*95
95%
95 '
16%
16%
16%
48%
*48%
39%
39%
*108
110
*108
5%
5%
16%
I
23%
23%
95
95
96
*16%
49
1
110
*36%
36%
36%
20%
19%
20
20
•
■*108
109
36%
4,800
Federal Motor Truck
No
Federated
No
20
•
■■
170
17
.
106 %
*34
34%
*25%
27
105
:
:
106%
34%
*25%
ice -V 106
105%
107
107%
35
*34%
35
34%
34%
*34%'
27
*25%
'
27
*7%
8
*7%
8
*47%
48%
47 %
48
*11%
12
*11%
12
*11%,
12
*47%
48%
*48
49%
*48
48%
16%
16%
*16%
16%
*125
127
*19%
125
20
12%
19% !
13%
32%
32%
31%
32
26%
26%
*26%
27%
26%
*108 %
109
109
48%
48%
17%
*17%*:
17%
109%
109%
.
128
:V '.fe
14
63
2%
2%
*2%
2%
3
2%.
31%
31%
*26%
27 %
108%
108%
3
*2%
14
*13 Via
14
*25%
26
3
14%
•13%
25%
25'A
25%
*4%
4%
25%'
4%
13
13
-
4%
*13
3
4%
13%
20%
360
S
2%
iS'
51%
51%
51%
51%
10%
10%
*10%
10%
10%
>,•
3
2%
■
106 %
109%
*106%
109%
*106 %
109 %
43%
43%
43'A
43%
3
3
8
8
8%
148
*146%
8%
*146%
*6%
6%
4%
4%
*12%
*87
87%
*28%
300
27
*26
27
4%
13%
'
-
4%
4%
4%
13%
13%
13%
600
*51
51%
*10%
10%
106 Via
109%
43%
*
43%
43%
28%
28%
36%
41%
*51
51%
10%
*106%
*28
29
36%
41%
42
41%
*115
116
28%
•.
146
42
116 %
87%
149
37
>
115%
115%
v
1%
2
112
*111'A
112
112
*100'%
101
101%
101%.-
103
•133%
134
134
134
134
51%
52
115
103
♦129
♦133'A
,
51%
51%
36%
*34%
39%
Jun
10
28
Jun
11
Steel
Corp
preferred
4%
4%
4%
4%
♦18%
18%
18%
18%
18%
♦6
6%
7%
*110
129%
129%
37
prior
37
18%
6%
'T*-- 6%
*109
6%
*14%
*82
19%
*
1
47
•19
23
*44
19%
22%
it
19
18
*111
112
7%
7%
21%
21%
21%
21%
<•
7%
*7%
*73
;
12
*81
73%
:T
*19%
46
*1
*2%
84%
40%
20%"
*100
38
*104
100
21%
'
14%
7%
23
22%
T9
*111
21%
12%
12%
12%
83
83
83
*97
1%
4%
109
;
1%
19
1
1
1
15
*10
33%
34
4%
4 Via
10%
•
400
1
800
3
1,100
88%
90
41%
42
100%
100'A
*100%
100%
100'A
8,500
47
41%
*2%
[300
12%
"
87
33%
34
33 %
$6
'5%
$5
Precision
3
Telephone
Instru
*2%
V
190
6,700
101 %
100%
90%
42%
900
$5
4%%
Gobel
38
102 '/2
*97
1 %
4%
102%
1%
-:.;V 4%
1%
4%
4%
;r;r,w 4%
14%
14%
14%
15
15
*10%
10%
10%
10%
10%
10%
1,500
33%
*33%
33%
1,600
JGoebel
Brewing
Co
:
Gold & Stock Telegraph
25
*24%
25
4%
1,700
600
Grand Union
17%
17%
17 Via
1,400
Great
27%
27%
8,800
Great Northern Ry 6%
24%
24%
47%
*47%
47
%
24%
24%
148
47%
47%
48
18%
18%
18%
18%
18%
18 Via
18%
11%
*11 %
11%
11%
11%
11%
11%
*12%
12 Via
12 Via
12%
12 %
12%
12%
12%
12%
12%
3%
138%
4
4
138
141
3%
3%
141
138
8%
8
8
4 "8
143
4%
*140
35%
35'A
35%
35%-
47
47 %
47%
28
*27
29%
37
37
37
15%
15%
15%
35%
35%
47%
47%
47
47%
*27 1
28%
28
*36%
37
*14%
15%
36
*35%
•-
4
4%
7%
8%
•
139
143
8 %
8%
47%
*7%
8%
47%
2,100
148
*58
18%
*11%
100
24%
*146%
61%
18%
47%
preferred
Great
Nor
Ore
Iron
151
9% Jun
106
5
32% May
146 % Oct
4
18
397/e July
Jan 28
Jan
Jan
Jan
Jan
5
.
2
2
4
Jan
4
4
14
Jan
2
Apr
140
2% July
4%
...
Western
Sep
3%
Oct
6%
Sep
9%
Jan
66%
16%
Nov
90%
Feb
21%
NOV
Apr
120
Apr
132
21%
Apr
30%
Oct
x23%
Apr
40%
Jan
119% Sep 23
2% Apr
6
111%
114
Oct
22
July 23
July 13
131% May
37
Oct
6%
6
20
Apr
% May
61
Mar
64%
116 Va July
1% Jan
102
Oct
Feb
Jan
30
87
131%
44%
Dec
122
Apr
13% Aug
128
July
30
Jan
1% May
3Vs
Jan
24% May 29
8% Jun
8
10% Mar
14%
Nov
5%
Jan
110% Sep
9
2 Vb May 10
25% May 20
112% July 15
1% Jun
4
59
Sep
17
23% Mar
4
15
91
July
July
24% Jun
9
9
10
23% May 29
112
July
25% Jun
3%
Sep
09 %
Aug
A
Jan
10%
109% May
% Jan
Apr
14%
Apr
% Mar
107%
%
Oct
Mar
101
31%
Nov
Apr
19%
Jan
23
14 %
8
% May
55%
10
20
May
7%
Jan
15%
Dec
3
Jan
5 VB
Nov
17
4
Jan
22% July 16
Jan
48
Jan
110
Jan
14
3% May
47%
1,800
Green
18%
18%
7,700
Greyhound Corp
11%
400
*12%
12%
700
4%
'
4%
140
4V'a
141
s
1,700
-VA:. 7%
7%
'
4,400
*138
•
>
120
5%?p
L)
35%
800
*5
47%
46
47 Va
46%
46%
9,200
Gulf
Sugar.—
preferred.™
*27
29%
*27
28%
*27
28%
100
*36%
37%
*36%
37%
*36%
'37%
10
15%
15 %
15%
15%
15%
15%
2,300
12%
Jan
Jan
Sep
16
44
37%
Jan
6
6
%
Jun
Oct
Feb
Jan
1% July
2%
Jan
73
Nov
82
Feb
20
13
Jan
27
Dec
22
56
Jan
83%
Dec
41% July 17
10%
Jan
27
60%
Jan
90%
Dec
par
1%
Jan
4%
Nov
00
Jan
11
lVs
Nov
Jan
4% Jan
Jan
7% Jan
29% Feb
24% Jan 27
15
29
Oct
6
98
2% May 10
6% Apr
7
Jan
8
9% Apr
Jan
6
21% Jan
7
17
July 13
13% May 29
37
Sep
26
July
2
27% Jun
Jan
2
153 % May
10
1
31% Jan
14% Jan
23% Jan
138
-10
.•
11
2
11
x58
Jan
co
A Sep
4
Sep
6
Mar
6
Apr
22% May
23
July
Dec
Dec
5%
Jan
8%
.
Dec
9%
Nov
32
Nov
25
Feb
13%, Dec
18%
Oct
19%
25%
Feb
22%
Jun
Apr
28%
8
130
Apr
65
Jan
27
50
July
63%
19
50
Sep 27
25
4
21
May 27
13% July 16
10
143
Jan
Jan
Nov
Apr
33 Va
Apr
14%
Dec
Mar
11 %
Aug
9% May
14%
Jan
3%
Jan
10%
Jan
Jan
4
No par
10% Jan
2% Jan
2
2
Jun
11
100
81% Jan
19
160% Jun
12
48%
Jan
3% Jan 12
10% May
5
2%
Jun
4%
Oct
Jun
33%
Oct
1
No
par
25% Jan
25
2
45% Aug
2
22% Feb
No
Corp
22
18
Apr
1
32% May 10
57% Sep
:
Deferred—
Oil
Nov
5%
65%
108% July 14
100
preferred.Ui-.-idiCorp^i^.
Gulf Mobile & Ohio RR—
35%
61
Apr
May
50
8
.
No par
(The>_i".
Guantanamo
35%
41
Feb
9
No par
-
Grumman Aircraft
8%
x40% Mar
22
97% Aug 25
100
Sugar
West RR
Co Inc..—.
11%
"
May 20
14% Sep
45% Sep
101 % Oct
Dec
28
85% Oct
Jun
Jan
16%
Sep
Jan
1% May
Feb
Jan
101%
9% May 10
74
Jun
79%
Jun
13% Mar
11
Nov
8
Jan
1% Jan
73 % Sep 13
24% Jan 12
Jan
Apr
Apr
122
July 23
ft
>
Nov
11
pfd—No par
-
Green Bay &
(H
Jan
Dec
2
1
59
14%
41
5
Dec
July 15
44 Ya
•
8 %
Aug 23
Jan
Jan
Prop.—No par
Preferred
-
61%
5%
35
-
Nov
Jan
par
par
—No par
10
20
27%
11%
5%
83
25 %
90"%
4%
No par
Co—
City Steel.
Grant (W T) Co
26%
18%
4
Jan
4%
60%
par
1
5
Granite
*24%
*11%
Jan
3%
104
100
Graham-Paige Motors
Granby Consol M S & P
*17%
47%
—No
No
No
No
5%
17%
24%
2
9
Jan
14% Jan
No par
27
*47
Co
(B F)
Goodrich Co
25
*58
16%
15%
108
50
1
1
100
preferred
conv
Preferred
3,600
.
*14%
*146%
par
No par
No par
Gotham Hosiery
24%
2
Mar
%
31%
15%
9%
60
5
(Adolf)
100
61%
*104
20
Co
2
12% Jan
par
—No par
600
148
2
No par
5,100
24%
5
3°a Jan
-No par
8%
*58
4% Jan
103% Jan
preferred
conv
38%
*146%
par
No par
$6 preferred
Glldden Co (The).
106%
61%
25
Glmbel Brothers
8%
148
13% Jan
Razor
Safety
106%
24%
No par
1
Rubber
&
Tire
17%
24%
7
100
26%
*58
3
56
preferred—
17%
*146%
Feb
9% Jun
7
Corp
27%
24%
9
July 28
2
Corp.
8%
*24%
22
1% Aug
93
1
38%
33%
.113% Jan
par
Nov
46%
71% Jan.
2
7%
Sep
8% May 19
13
Apr
Mar
35
18% May 20
98% May 19
Jan
Dec
98
4
5
Feb
53
Feb
3%
Oct
10%
2
2
,
3%
Aug 31
107% Sep 21
preferred—No
51
Sep
Jan
Jun
7% Jan
No par
106 Vs
33%
4
2% Jan
General Refractories
*8%
337/a
51
2%
2%
2% July
8% Apr
10% July 14
107
4
2% Jan
100
37%
'
4
29
137
No
106'/a
:
2
17'% Jan
Signal
preferred
8%
1%
53% Apr
par
Realty & Utilities
1
$6 pref opt div series——No par
37%
1%*
15
10c
106%
102%
20
May 17
14
No
*8%
*97
Jan
14% Apr
par
Railway
Time
10
11
par
preferred
$6
4% Jun
4 %
14% Oct
12
Gen Public Service
26%
61%
Nov
Jan
par
Equip Corp
*17%
148
Jan
97
21
No
*24%
*58
18
Apr
83 % Jan
No
17%
*146%
Apr
Jan
May
129
Jan
44% Jan
126% Feb
Adv A
25
61%
15%
85%
Feb
May
16
—No
Outdoor
26%
148
10
Aug 23
31% Jun
110
100
10
Common
17%
24%
38%
Jan
No par
preferred
Gen
26%
145
Apr
No par
17%
*58
No
preferred
37%
25
27
100
General Motors Corp
26%
*24%
45
30% July 13
6% Jun
1
134
Mar
1
4% Jan 12
par
5
General Mills
,
*26%
24%
10%
Oct
12
6% Jan
No par
:
*17
24%
Jun
37
Jan
5% Jan
preferred series A-.No par
conv
106 %
33%
Nov
5
38
11
34
8%
1%
No
Foods
37%
:r;V
18%
21
Sep 28
38% July 10
Sep
Jan
Jun
102
5
.
105%
*97
51
5
—No
preferred—
Goodyear Tire & Rubb
$5 conv preferred
4%
Nov
Jan
30% Jan
Gillette
1
42
11
Dec
136
Jun
No par
2,800
1,100
85
is
May
14% Sep
Jan
1%
No par
General
19
41%
10%
114
Jan
12%
1%
2
1,100
'
84%
*14%
10%
10%
11%
42
Apr
8
5
Gen
*45
3
2%
-50
preferred——
General
100
41%
4%
15
*14%
1
9%
36% Mar
1
9% Jan
No par
—
600
85
84%
2%
3
5
General Shoe Corp
18%
1
1%
11
1
Cigar Inc
preferred
6%
74
12%
19
•;
A
Gen Steel Cast $6
*82%
46
102%
19% Jan
No
Inc
No par
900
}
8
*73
12%
46
1%
par
12
May
14% Oct
2
6
4
75
11
1% Jan
preferred—.—
conv
590
112
21%
7%
85
19
*97
1%
1%
4%
*14%
102%
*97
2% Jan
9% Jan
Jun
28
'
73%
12%
'83
46
*7 Via
2
12
No par
1
(The)
Industries
300
/
19
-
*20%
8
*73
18%
105
8
*7%
Jan
20 % Jan
Gen
2,900
22%
19
112
7%
73%
Co
cum
6%
84%
45%
37%
105
105
8
13
17
Gen
'
*7%
30% Oct
130 % Jan
1,200
14%
84%
19
100
21
8
16
-No par
100
5,000
1%
14%
40%
,
37%
37%
38
105%
7%
*72
,1%
5
Feb
96% Jan
General Printing Ink
10
19%
3
41%
100
100%
•
140
5% Jan
50
May
19% May
18
Oct
16% Jan
1
cl A
2,300
/" 500
111
1%
84 %
83%
40%
•
125
100
(Robert)—
Gen
47
46
*1
3
83 %
/
■
1,400
7
*19%
19
1 %
2%
41
7%
73
.
*44
*45
46
*1
2%
84 %
*81%
19'A
19%
*44
1%
12%
85
*81
19%
*43%
73
12%
12'A
12%
85
7%
73
73
27% Mar
20
(The)
2,900
1%
•
-
300
,:,> X
112
85%
21
18,800
18%
19%
18%
no
•
300
5%
47
♦111
i
36
*110
1%
*22%
18
112
•*
111
85
22%
*18
*111
V .:
•18%'
20%
1%
14%
85
19
20%
7
5
10
Gen Gas & Electric A
;500
*5%
6%
*14%
14%
83%
i
*1%
':*44
14%
103
*109%
19%
112
20%
13% July
25
Corp
$4.50 preferred
20
36
1 %
19%
*18
21
Jan
51
General
30,800
129% 129%
•
6%
20%*
47
83%
22%
Feb
5%
3
4
General Electric Co
90
.
52
110%
*110
14%'
22%
Dec
24%
3
Amer
1%
3,500
134
6%
1%
•111
19%
112
•v
!
51%
*1%
111
%
81%
82%
22%
22%
•44
14%
14%
82%
*110
1%
19 %
19
14%
*81
1%
47
*44
19%
: 111
"110
27%
Apr
,7
No par
General
20,600
-ri'
2Va
110%
112
20%
1%
Mar
18
9% Jan
•
134
18%
20%
111
129%
18%
20%
*
52%
18%
20%
1%
15
10% Jan
pfd—.100
preferred—
Inc
Wood
7%
114
r
*101 Via
5%
20 %
*110
;
38%
112
Jan
39% Feb
No par
preferred
Class
80
115%
2
134 % '.■
5Vb
•:
Co
500
.
•
37%
114
102%
*35%
6%
96 Via
1
'
18%
'109%
Dec
May
10
July 15
Feb
16%
9% July 15
50
Nov
39%
May
Aug
8% Sep
Co
Trailer
109
Dec
105
Jan
10
preferred
conv
112% July 12
2
5
Co
500
«
•
-42
*114%
'
5%
■
20%
%
2
114
5%
'
3% Jan
30% Jan
Machinery Corp—
Corp——
170
28%
146
x42
51%
>128 %
1%
1
1,500
>;
86 Ma
?;■ 36%
134
52%
♦1%
111
'
28%
102%
v
1%
47
*20%
134
;
5
8
100
Transportation
General Baking—
$8 preferred
General Bronze Corp
General Cable Corp
2,300
5
12%
146
115 Via
1%
■
*1%
*19
*18
*114%
; *112%
1%
*44
*22%
•
2
114
*1%
V/a
28%
147%
42%
20%
*20
7%
84
37
1%
1%
•111
6%
112
*109%
112
*28%
-
42%-
51%
36%
19% Jan
...10
$6 preferred
-10
*12%
86%
*146
103
130
*34%
4%
Apr
36
Gen
4,400
7''
36%
*133%
■
Apr
29%
par
Gen Amer Investors
8
-
4%
•
37
103-
"
36%
•109%
7
12%
*85
28 %
115
*112
52 %
87%
No par
1,300
148
*146%
.
$ 5
12%
146
1%
2
51%
*129
130
*129
130
1%
Dec
No
2,500
43%
7%
42%
"42
'
112
i%
v
36%
■'
Dec
26%
86
5%%
•
♦111
;•
6%
V-
5'A
■
87%
42 Vb
1%
:
V
36%
43%
Jan
Gaylord Container Corp
109%
43
148
v-.5 '-:
7Va
5
88 %
36%
14%
Apr
13%
July 29
Gar
30
>
10 Vz
8
*146%
13
36%
*115
7
■>
•fir V 13
*146
%
8
146%
12%
87%
28%
146
146 %
8
8
146%
5
Apr
29%
97% Jan 11
25% Jan
7
Gamewell
3,800
13%
109%
7
8
4%
7%
28
July 15
43
par
6%
120
4%
51%
43
8
12%
86%
86%
149
*146%
67
5
12%
12%
2
50% Jun
—No
5%
2,300
14%
*106V2
148
*146%
6%
*4%
13
8
148
19% Jun
8
14
9%
Galr
3Ve
*13%
10%
43%
43%
27
Jan
2
conv
Dec
25% Jan
42
16
Gabriel Co
14%
*
:
Jan
39% Jun
1,000
*13%
v
•
87
22 % Jun
Fruehauf
'
*
Jan
7
2%
*26
10%
•!•
Feb
18%
5
■
3
3
*51
■v
••
4%
Apr
74% Nov
6
Freeport Sulphur
80
14
13%
51%
Jun
15% Jan
6%
300
•
26
4%
10%
*51
Apr
3
31% Jan
Francisco Sugar Co
"
26
•>:'
13'A
8
11%
104% Jan
F'k'n Simon & Co Inc 1%
1,100
14
4%
*13
;
6
25% July 14
97% Oct 16
G
*2%
3
3
2%
'
*13%
Jan
100
mm
2%
Jan
24%
13%
par
$7 conv preferred
70
108%
*108%
93
Dec
par
Food
15,300
63
•
A
Stores
Foster-Wheeler
20
13%
31% i-31%
28
*26%
127/8 Jan
Sep
19%
10
$2.50
Food Fair Stores Inc
100
7,700
19%
"65
8
'
<:
%!-
14
■
series
2
78% Jan
1
Jan
5
Jan
69%
22
6% Apr
4
15
July 27
29% Apr
17% Oct
No
57o
100
v
'
:
19%' >
14%'
*60
27
11% ■>:
*125
31%
.27
109
128
19%
14%
Ul%
65
31%
;
*125
19%
14
26%
110
12
48%
17%
*55
32%
*108%
*11%
*48%
19%
14 %
63
32%
160
11%
3% Jan
105 %
No
National
Follansbee
1,300
.
18%
Corp
18
Florsheim Shoe class A
8
48%
128
13
Feb
May 27
19% July 13
Florence Stove Co
300
48
11%
*125
60
*7%
*47 %>
17%
■H
128
13%
"1:
7%
48 %
*47
Enamel
(The)
$4.50 preferred™;
26%
*47%.
18 Vs
*19
*26
7%
7%
49
*47%
-
73 '
•63 >
7%
v
48%
*125
19%
12%
73
8
48%
16%
125
19%
13
*63
8
.:1'.v.1
,V
7
13
—100
Flintkote Co
260
35%
26%
'
v
'. i.
*35
preferred
preferred
First
1,100
108
35
*26
27
'25%
'
*106
107%
Dept Stores
conv
Phen Fire Ins N Y
6%
600
.
20%
'
*105
5
„
Firestone Tire & Rubber
100
37
"
20*
Fidel
4,500
108
*36%
Ferro
900
-
40
■
4%%
800
50
*
39%
•"
Jan
20% Jan
par
5%
23%
96
108 "
20
86
par
1,200
17
37
20
__2
Federal Mln & Smelt Co„
Federal-Mogul Corp
50
i:'
108%
36%
No par
1,700
5%:
49%
19%
•;<:
28
2
1,200
23%
39% '40
36%
v
35%
19%
v-
42
6
6% Jan
17%
*95
17
V,- 49%
•
39%
*108
35%
*
49%
39%
109
'16%
16%
16%
4
21% Jan
15
23%
,
*49
39%
*108
•
% v:
'
49
.
39%
•V.':
36%
*19%
;
17
48%
W
39%
•
33% Feb
20
Light & Traction
$6 preferred
17%
5%
23%
95
5%
x22%
39%
5%
23%
95
22%
97%
par
Federal
23%
v :•••'•:•
%:'.:,
22%
5
22%
97
48%
*102%
No
Fajardo Sug Co of Pr Rico
3,500
'
*15%
11
17% May
5
4
41% May 12.
50 % July 26
1% May
18
86
Sep
H
13%
*107%
For
13%
108
footnotes
*36 %
15%
*13
107%
see
14
107%
page
1651-
*13
*107%
14
108
*13
107%
14. '.v
107%
*13
*106%
14
108
14
*106%
■'
14
200
108
20
Hackensack
7%
Hall
Water
preferred
Printing
class
Co
Hamilton Watch Co.
6 %
preferred-—.
A.
28% Sep
3
Apr
13
Jun
1
38
12% Jan
5
9% Jan
18
18% July 23
15% Jun
4
35
104% Mar 13
110 Vb
July 28
19% May
25
29
Apr
35
Dec
8% Mar
13
Aug
8
Jun
95
Mar
Feb
11% Nov
106%
Feb
,
1646
THE COMMERCIAL & FINANCIAL CHRONICLE
LOW AND
Saturday
HIGH
Monday
$ per share
SALE
Tuesday
Oct. J 8
Oct. 10
Oct. 19
$
S per
share
per
PRICES
STOCKS
Wednesday
Thursday
Oct. 20
share
Friday
Oct. 21
$ per share
Sales for
Oct. 2'i
S per share
NEW
the Week
■
$ per share
ty
Shares
YORK
■
■
•
'
Monday, October 25, 1943
/'yAAA'/'y
,
7y';y/.y
'
1
Par
_
*105*4
1063«
*1534
15 Va
144
16
16
138 '/a
144
*139
16
*138 J/2
*6
*
*105%
109%
*7%
6%
'••6
6%
*105%
2%
2%
2%
102%
102%
,102%
67
*64%
67
15%
2%
2%
103
65
15%
*15%
78%
78%
78%
78%
78%
78%
133%
133%
*133
133
135
133
133
66
*64
66
*116
118
*116%
*64
118
102%
*64%
66
*116%
15%
15%
118
116%
78%
400
10,600
103
*164 '
Helme
78%
500
18%
21
*17 !A
18%
*17
18 Va
*20Vi
21'A
*20%
21
37%
37%
37%
37%
*37
*14 Va
14%
14
14
%,''.
13
13
13
13 Va
117
*115
115%
*115
39%
40
39%
39%
78 Va
3,400
132
*64
66
*114
:
13
118
100
39%
18%
*20%
21 1/4
200
*36V2
37%
37
400
Holland Furnace
*13%
14%
141/4
200
Hollander
13%
13
37
*13%
131/8
*115
115%
44
13%
*54
55
*54
111
1)1
111
65
65
7%
A
39%
39%
55
54
54 Va
111
111
111
>:65
65
66%
7%
39
13'A .13'A
115 Va
*
VA
*33%
.
1%
6 %
39 VA
39
8 Va
8 Va
8'A
1%
1 %
1%
44
13%
*13%
13%
13%
*54
54 %
54
111%
3.11%
*111
111%
65 'A
65%
65
65'/a
7%
7%
*1%
1%
8
1%
V,
*1%
*
6%
6%
27
8%
1%
1%
1%
1V 2
•
'
:
8V4
1%
51
Apr
125
Feb
87
'
71
July 14
Jan
5
118
Aug 16
Ay'/■
;■
i.
10
14% Jan
6
16y4 Jan
18
10
(A)
Jan
7
6
y
12% Sep
100
42% Sep
Jan
5
36% Jan
12
45
—No par
9% Jan
5
12'A
28'A
28%
*28
45%
45
451/4
45
12 VA
12 VA
12%
12%
12%
11%
12'A
28 3 4
28'A
28%
*28%
28%
45
45
45
12 Va
12 VA
105
5%
&
™_5
j.
Manhattan
non-cum
...100
*9
•
*16%
*16%
17
37%
37
90%
90 VA
*161
*161
341/4
*113%
/
163
161*"
71%
11
11V4
8 VA
7 V2
7 VA
7%
7 VA
175%
175%
*175%
177
Hudson Motor Car..™
71
70
.
70% '
68%
172
.-
90
"
;
;•
■
17
*161
'
163
-
■
*161
•
72%
72%
*72%
11 VA
11%
11 '/a
*8
8%
,
*161
8
*33%
4%
*111%
113%
111%
7%
7%
7%
7%
7%
176
176%
:
70%
172
1%
177
171
1%
29%
1%
1%
.
172
29%
133
16'A
174
16%
66 V4
1%
4%
4%
30
4% '
29%
133
133
16
30%
29%
30%
*132
Nov
Apr
6574
67
67
9
9
64%
9 1/4
9VA
64V4 "641/4
42
*40
42
9%
874
'64 VA
65
2
42
*39%
29%
132 VA
67
<*63%
f*39
36
36
36
*48 V4
50
*114V'4
120
*47%
114
36
*36
49 Va
36
36
*35
*47
114
114%
13 V A
13%
13%
14
13%
14-
*131/2
13%
13%
14
1374
1374
109
109
*109
*15
15
15VA
*29%
30
*29%
*141
143
*141
*12%
30 VA
10674
17 VA'
17VA
17
12%
1374
109%
128 VA
50
i;
22
30
143
*141
143
*141
143
12% '
*30
*10674
91'A
130
-—'
91
130
21%
*57%
70
10%
*12%
31
58'A
69 3A
10%
10 Va
109%
15%
30
109
22
*109
15
'/A
*68'A
10.9%
30
91
*57%
Jan
VA Aug
0 Va Aug
23% Dec
Jan
*129%
/-A
*75
13 VA
15%
1374
31
9'A
%
31
108%
91'A
91'A
917a
-
*1291%
*75
■
18
18 VA
109 %
v':%109%
*15 'A
30'A
13
13
130 VA
*12%
31
*106 VA
90 7
*30
*141
*30
108'a
*106%
91
«
*12974
91
130%
*129%
*75
.
22 VA
22
2274
21%
5774
57%
58
58
*10%
107a
V
10%
697 a
69%
6974
10%
1074
1074
*1074
Jan
8% July
38% July
1
6%
Feb
21
115
9
Mar 29
6
Jan
56% Jan
2
9% Apr
162
Jan
6
Sep 24
74% Jun 28
9
177
5
Feb
10%
Jan
40
147
July 27
4 Va
23%
111'/a
5% May
109% Alar
177
20
Oct
166
July
,5
28% Jan
9
100
••
130
preferred.^
Dept Stores...
Jones &
Jan
68 V, Sep
20
11
1%
Oct
71% July 12
30%
Oct
July 16
Jan
4
Alar
26
36
Jan
7
44'
Apr
5
38% July 26
50
Sep 27
39
28
102% Jan
15
Alay
May
Alay
104 Va
Oct
6% Jan
6% Jan
9% Jan
7
1%
Jan
7Va
Nov
2
Jan
7 Va
Nov
7
6%
Jun
10 Va
Nov
90% Jan
14.
95
Jan
10% Jan
4
27% Jan
5
32% Apr
3
5
145% Jun
10
39
\
!?
:
.
,
>135
•
Feb
Jan
126
Jan
78
21
16% July
27
Chicago. RR stamped-..100
Laughlin Steel...
No par
94V
88% Apr
7% Apr
24% Apr
127
8
92% Sep
136
79
Aug 16
Apr
5%
34
July 14
109% Aug 19
21
._____y.._100
July 14
18% Sep
12
70
26
111 % Aug 26'
18
Jun>2
19
--No par
43% Alar
16T« Alay 10
16% May 10
7
Jan
9% Jan
20
115
96 Yo Alar 30
preferred-.™..—™j__._100
Jan
18% May
85
60%
Jan
3'/a Nov
46%
Jan
48%
Feb
32
■
Feb
39%
11 A
32%
138
10%
33%
Oct
Dec
Jan
Nov
Nov
Jan
107%
Jan
50% May
27
Alay
73 Va
Dec
122
July 21
■
Jan
129 Y
Nov
Aug 28
19% Jan
7
26% Apr
6
17% May
24%
54% Jan
7
65
Apr
5
53%
64
Jan
couv__.___.100
647% Jan
8
82
Apr
6
61.
79Va
Jan
1
8% Jan
4
12% Jun
25
11
Jan
10
Xl2% Jan
19
19% Sep
23
5
Feb
13%
Dec
City P &.L. pf ser B____No par
City -Southern
—No par
122% Feb
2
9
117
Alar
5'A Jan
2
10% Apr
8
Jan
13
6
7% Jan
6
29% Apr
17
Sep
13
21
pref
V.5% pref
Joy
Oct
Dec
15%
100
5Vsr
1,000
30%
136
11% Jun
-
series Ay_...
—i
'
1,700
Dec
2
1
:
Apr
Jan
7%
Nov
4
1
;
24'/a
4'A
11
par
:
Dec
Apr
126%
21
Jan
Dec
37% Jan
No par
\._100
preferred™—.
1%
July 14
13% Oct
%
12'A
57
Apr
A''y37b Jan
100
.
138
* Apr 12
8% Jan
2
45% Jan
6% May 11
36 Va Apr
5
Jan
Dec
Alay
38
2
Jan
Apr
3% Jan
•
Jan
61
'A July
Preferred
900
8
151%
y; 3% May
Johns Manville Corp...
6,900
1114
18%
Dec
100% Aug
5 % Apr
Mar 29
3
144% Jan 20
Jewel Tea Co Inc..No par
70
6
Jan
May 10
Jar vis. (W B),Co
*
70%
Feb
12%
July
Preferred.
50
,
58
70
74%
July
Apr
8% May
5% Apr
Mar 25
400
2,500
22
5 7 VA
163%
54
8
67
Joliet1 &
22 V4
153
78% July 24
15% Apr
19
$6
*75
70 V a
July 23
5
6
5
4 % %'■
130%
168
Jan
Jan
«
S
200
9174
22%
10%;:;
•
■
Sl:f
1374
5734
17
par
Intertype Cor.p™_^I™___
No par
Island Creek Coal-.A-i-i—1
300
';
31
22
Jan
% Jan
&• Chem
International" Salt™™™-___No
108 74
70
Dec
100
Sep
11% Jan
Interstate
20
30%
5774
Feb
35
May
5574 Jan
7%
300
143
58
16%
Apr
74
.....5
'
22 V4
10'A
21
__10U
Min
preferred™.
Oct
Oct
7
■■■International Shoe..-™.'- .___Aro par
International Silver_^_.______-__50^
6,600
4%
28
Foreign'.share'ctfs.i___i.-No par-
v.:
Jan
19'A July 24
6'A Aug
100
_
Va
44% Jun
106
100
Intern'l Telep & ,TeI.eg_A--_~No par
18 Va
6974
v
2
6
Nov
Mar
100'A Apr
par
1,200
1574
143
Harvester..—Wo
9%
23 JA
42
6
par
—No
Jan
19
1
25,400
Y
103 VA
15VA
*15%
18
-No
5%
13
Alay
32'A Jan
158% Apr
.100
Co....
6
5
Jon
Hydro-Elec Sys class A
4%
200
13%
*109
.
700
400
1374
*30
*106VA
■__'
13%
*13%
Alay
Inter Rysof Cent Am_i;
—No par
5% preferred^.z.™™__^ia.,.._l00
'
■i
120
13%
13
International 'Paper-'. Co._____™_15
5% conv. preferred.ii:
:.™__100
290
36
13%
*2974
108%
130'A
*114%
Steel
%-f Preferred
400
;
48%
*13%
*141
13%
*30
120
9
16% May
■31% May
International Mining Corp_i—™.'_1
Int Nickel of Canada....
-No par
2,900-
42
>
48%
No
6%' preferred
■
20,000
64
13%
17%
15
*30'/a
*75
14
17%
17%
*114%
14%
30
90 VA
130
13%
*13%
15
*75
90%
*109
114%
30
*106%
30%
109
17VA
36%
50
50
Jan1
•
2
International
32,700
*874
64 VA
4
11% Jan
Int
.
17
%
2
,
May 10
88
No
Preferred
120
13 Va
42
48
Interlake Iron..'*—
—No par
Business Machines______No par
1.000
67
9%
64%
*39 VA
y
7
32% Feb
300
1274
67 VA '
VA
*8%
7
2
Jan
1000
A
Jan
lilt
29 %
"
series
8
18 Va Jan
37
par
International
132'A
133
66 V4
120
Feb
1%
17
100
Rayon
1,400
'
66
64V4
2,400
172
4%
ctfs
6,100
1,100
'
66
*40
".
4%
4%
6574
*114
Oct
34%
5'A
18
10% Jun
i00
Corp.
.....No
6%,-preferred™_.___.
600
66
36
Sep
~4%
Jan
100
Intercont'l Rubber
400
65%
49 VA
5
(2% Jun
6% Jan 27
21% Jan 28
16 VA
13%
36
106
May
2'A Apr
29% Alay
ft Jan
Interchemlcal
65 '2
4%
y, 133
7%
69 VA
*1%
12%
*48
96
18
3Va
Insuranshares Ctfs Inc..™..
16 Va
13%
;.y
Dec
Apr
' 2% May 10
100
65
12%
-.
44 Va
30%
Feb
1174 July 12
10
16
12%
9V4
Nov
2
62
66
*65 V A
12%
42
11%
2
500
:
175
172
12%
65
Oct
8% Jan
ft Jan
par
110
7%
12%
*8%
38'A
39%
Apr
par
900
69
12%
*39%
Oct
Jan
16%
Inspiration Cons Copper..™.—20
7 VA
174
12%
*631/2
Feb
21%
27
29% Mar 30
par
Inland
3,700
111%
69 '/a
171%
,1,200
11%
8%
1761.A
69%
171%
661/4
:
.'■/
66
*4%
132%
132
1327 a
*132
16 VA
66
297b
29%
2974
Dec
Jan
115
:
Ingersoir-Rand™.—
>V
73
34%
7%
175
70%
69
%
111%
7%
111 1/2
7%
*7%
*16V4
4%
4%
4%
Dec
7
Indianapolis Power & Lt_™_No
163
*7%
'
66
*65VA
66
Dec
7
Industrial
700
1,400
*34%
34%
RR See
1,400
.
90
11%
34%
/
36'A
72
*33%
71/2';;
1674
11%
.
35
7%
*171%
16%
16 VA
16%
7%
18%
Jan
,8
1
6 % preferred series A.
Leased lines 4%.
A
250
1674
.90
72%
8
9
36%
'■
163
11%
7%
-;/■:
2
*1%
2
*1%
*16
*65
Dec
Nov
29% Nov
% Jan
-No par
Illinois Central RR Co..
700
420
*8%
37
89%
7%
.
172
172
172'A
17
36 VA
91%
28%
45
45
■
114
176
70 »/8
7
7
16% '
37
91
'ayity
8VA
*113
*7»A
*7%
*28
% 9 :y y.
72
:
*34 '/A
114
114
114
72
35
9
37
*8
*34'A
341/4
9
Y :
45
91-
163
11
*8
44%
37%
91 %
*
9
v
.
17
*36.
v
71 VA
8 VA
9%
16%
38 VA
91
11
*8
17
*90%
.
71
10%
*9
*37
Va
163
70%
9
9
9'A
6
2
66% Oct
4
15
17
Y
Jan
4% Jan
par
Hupp Motor Car Corp—/
2
Jan
22%.Jan
4'% Jan
preferred——___100
Bay Min & Sm Ltd—Wo
Jan
102%
'
July
41% Apr
100
preferred™..—.
Hudson
3,200
;
■
45 'A
9
30'A Jan
4.4
Mar
12'A
V110
17
No par
Oct
Dec
'
12%
28
12'.4
11
20
31
No par
Dec
48 Va
12% Mar
8
..12.50
22
75'A
134
Mar
14 JA
'■
17% July 12
Jun
Nov
14%
,
17
Apr
115% Jun
8
115
I:
28
,79
Oct
Feb
158
30'A Alar
21% May 10
25% July 13
40% July 2
28% Jan 21
™5
_
Jun
4
9
100
'//:;/;■
8,100
■'
2
136% Aug 26
5
Apr
May
_„__„1
2,700
1%
..
Jan
10 V*
*9% July 13
Hud
Dec
58%
Afay
3
Mar 10
100
2,500
94%
45
17% July
Howe Sound Co
500
.
Jan
79*A Apr
Apr
59% Aug 31
3% Jan
2
5%
Nov
1%
141 %
Jan
May
8%
9
49
Jan
88
Jun
Mar.
Houston Light & Power Co.-No par
Houston Oil of Texas v t c
—25
800
7VA
73
130
,
Jan
4% Dec
/
,
Jan
%
July 22
57% July 30
114
July 12
100
/ 3,800
27
8 Va
■
■ :/
,
1%
*6%
26%
-.8%
8
Household Finance™
1,700
34'A
7 %
8%
1%
1 V'a
34'A
I
■
7%
27 '/a
V-
;■:
27
8V4
;
.
7%
1%
6%
27%
:
12% Jan
'
*110%
34
167
—No. par
Class B
300
8
34
5
No par
1,200
54
66
34V2
Jan
152
16%
146
5% Alay
110% July 23
71
Apr
2
Houdaille-Hershey cl A
:: 13%
7%
34 y4
6
Jan
104
Apr
80
10% May 28
20
(Del)™
Sons
Apr
3% Mar
U
56% Jan
Homestake Mining™....
4,700
,
Oct
93% Jan
Holly Sugar Corp.™.
7% preferred
20
,
39 %
*'43
60V4
1%
*8 Va
1%
:
44
.
27
.
8
*43
54%
*110%
7 V,
6 %
%'V 27
13%
*54
34%
1%
*
7»A
27
27
44
6% Aug 30
100
Hlnde & Dauch Paper Co
(C E) The„
3,100
115 Va
7%
7%
.
34%;
1%
26%
*43
33%
34
1%
7
*6%
26%
44
13%
7%
34
*43
13%
66
8
*33%
44
13%
:
:
A109%
____._25
Hires Co
115%
2
f per share
Apr
12%
xl26
3% May 10
'-/A-Y/Y'yy
■
*17%
20%
'
*43,
*43
*13%
"".Y
18%
20%
14%
13 Va
*115
Jan
86
Hercules Fowderi--™.™™™Np per
6% cum preferred...
...100
Hershey Chocolate™
No par
$4 .conv preferred;
No par
60
200
37
37
5
98 ;
•
13
2
preferred
*J.7 %
21
*13%
115%
39 VA
,18%
21
14
13
115
*17%
37%
14
Yy,
';■!
4% Jan
Highest
f per share
18% July 6
144% May 14
7% May 29
3
__.__._25
Co
W)
nan-cum
•
*17
107% Sep
6
Feb
1% Jan
.
Hercules Motors..™;
'
*20%
6
13% Jan
135
2
.
Glass
(G
7%
16
132
118
Hazel-Atlas
300
__■■■■
•
66
*115
99% Jan
par
.100
Hayes Mfg Corp
410
64%
*15%
78%
No
Year 1912
I.owent
$,per share
1
133
*64
116%
7%.
64%
$ per share
'•
Corp of Amer class A„™____1
6%% preferred™.™
100
Hayes Industries Inc..
__1
60
2%
1.5%
132%
65
106
*102
Refrac
preferred
Range Since January 1
Lowest
Highest
■
Hat
7%
65
y
(M A) Co $5 pfd™__No par
Harbison-Walk
6%
2%
__
133%
65
1,600
6'A
*10418
102%
15%.
77%
'
16
Hanna
144
*6
2%
2%
66
70
■
7%
*164
*77
16
16
106
•
106
*139
6%
103
*64%
*164
15%
16%
*7%
.
*105
144
*104%
...
2%
65
16%
*6
.7%
15%
*64
106
7%
103
106
*139
6%
7%.'
15 %
*
16%
*104%
.
106
144
*6
164
*164
164
105%
2%
<v
1063h
*139
6%
7%
2%
10274
*64%
16%
105%
7%
106%
144
*6
108
7%
7 Via '
102%
*
106
106
106%
*105%
Range for Previous
STOCK
EXCHANGE
series. B
Mfg .Cd™__.™.._
Dec
Alay
7% Aug
Jan
K
*17%
*123'/A
18 VA
>
*123 74
125
*7%
18VA-
774
18 VA
*18
128
7'A
*123%
774
*24'A
247fl
*2414
1474
*14 'A
15
*10274
103
*774
2474'
*1474
/
*10274
*15 '/2
103
16
*108
*1574
*108
110
21
21
*12%
*112
*2074
13 .%•/
13
113
*112
3174
31
*16%
17%
*31
31
32
4%
16%
*31
*141/4
103
16
*1574
110
21
2474
*108
'
1674 ■%-
1674
*31
22 74
*874
474
*474
474
*474
54 VA
*53
*5274
53 VA
*5274
22 V4
22'A
22 VA
*8'A
22
8 VA
*29%
8 VA
15
103
30 %
8%
30%
*3174
32
31%
32
24
Y
7A
14%
16
*108
113
31%
17
32
5
1874
128
24 VA
20%
*112
3174
1674
*31
2074
112
*16 74
14%
14%
■
*4%
2274
2274
2,700
874
*774
87a
87a
*7%
874
200
29 V4
2974
31%
32'A
29%
30%
31%
31%
32
32
29%
30V4
*017-4
52
14%
14%
14%
70%
73
70
71 %
69
26
26%
26%
17
*16%
17
26 Va
17
17
37%
38
38
38%
38%
■... 25
25
25
25
24%
24%
115
115
*114%
115
5%
17%
..*16%
3.7%
38%
38%
38%
24%
114
5%
24%
114%
16%
29
29%
29%
29%
19%
*19
19%
19%
19%
For
7
6%
38 Vtt
footnotes
38
see
page
*34%
35
*34%
35
38%
39
38%
39
7
6%
7
38
37%
38
1651.
*24%
\
100
24%
16%
16%
1.000
29
29%
1,700
19%
19%
19%
800
35
35 %
35 %
800
'
6%
38
7%
38
38%
6%
38%
11%
Feb
81% Dec
7
Jan
93% July
10'A Apr
4%
14%
Dec
9
105'A
26%
Jun
37%
Jan
11%
Apr
15Va
Dec
29
Jan
'7
8
15% Jan
2
20 % July 15
Jan
7
34
24% Jun
25
Sep
Dec
Jan
100
Apr 24
357'a Apr
Jan
11%
Alay
29
28% Jan
,
100 %
103%
July 15
Dec
Jan
1% Jan
13
6% July 26
343i Jan
12
58 Va July 29
30% Sep
40%
Feb
18% Jan
2
24 'A Sep
22
17
22%
Jan
2% Jan
11
10% Apr
3
32(A Sep
30
1 No par
23% Jan
4
24% Feb
h
No par
38%
7
38%
39
6%
39%
39%
7
39%
1
2,300
11,000
800
.
Co
St
Louis
26
Bryant-.^.A.'ii..
Portland
conv
9VaJan
32% May
1%
19
Jan
Alar
2V8
Jun
% May
Apr
22 Va
6
—No
Cement..™
preferred
par
_.__._5
25
_™_._100
50
—No
4
'7
35
v
16% May 21
4
Jan
17% Jan
-No par
4% conv preferred
Lehigh Valley RR
Lehigh Valley. Coal™—.
3%
..100
...100
(The)...;
Rubber & Tire^....^
Lehigh
240
17
34%
Lane
Lee
1,600
115
29%
29 Va
*19
Apr
1
preferred
Lambert Co
1.200
*16%
16%
29%
19%
6%
38%
*114
5%
1,600
2,400
29 %
*37%
■17%
38%
Laclede Gas Lt
1,830
1%
19%
35
*16%
-
1%
29
38%
560
26%
1 %
19%
*34
•
70
26%
1%
29
*38%
24%
114
14%
68
1%
1%
-
I.
2,100
16%
(S H), & Co...
NOV
.10
Kroger Grocery & Bak
5%
1%
35
Kress
5%
16%
38%
1,400
29%
6
16% Alay 11
113
Oct
Alay
Jan
102
•
Kresge.(S S),:Co—.
Kresge Dept Stores.......
2,100
;
.
5%
1 %
34%
50
*5%
17%
38%
24%
114
400
5%
1%
1%
*13%
i4%;
69 34
26 Va
38%
16%
1%
x
i
,
...
8%
■
Oct
7%
16
24% May 11
■
124
Jan
2Va
Feb
■J'VA Jan
27
Jan
29 Va
Jan
>1
*16%
17
1%
*13%
%
5
54
__l
Keystone Steel & Wire Co-—No par
Kimberly-Clark Corp_______Xo par
Kinney (G R) Co„™__
x__™„l
$5 prior preferred™
.j.ATo par
100
*53 74
26
*16%
500
■■'
100
...
Co
Kendall Co S6 pt pfd A——No
par
Kennecott Copper...par
17,400
17
32
5
5
5%
31%
*16'A
*30 »4
&
Class. B__
60
2274
70
5%
4
r
54
26
*5%
Jan
112
22
66 Va
114%
2
54
*25%
5%
; 14% Jan
400
5
65 %
*5%
700
2274
25%
37%
2074
1374
(Juliusi
Jan
2%
17
Sep 20
110% Aug 31
54
*114
•
103% Oct
2
1
*4VA
64%
r
2
11% Jan
103% Feb
22 VA
30
83
...5
Keith-Albee-Orpheum conv ,pfd-100
Kelsey .Hayes Wh'I conv cl A.
:1
53 74
*774
.__™_1
Aug
Kayser
17
*4%
20
preferred-,—__-_100
Kaufmann Dept Stores
.5% conv preferred.
60
2274
.
non-cum
127
100
17
-
110
31
31
25%
*16 >4
200
/
53%
30
14%
3174
4f/t>
'
32
.
14%
112
3174
-
14%
2074
*13
1374
31%
1674
*1574
*108
Kansas
700
1474
17
112
900
%
1037«
110
Kalamazoo Stove & Furn„i
Kan
.
24%
1474
2074
3174
7 74
10374
*13
113
500
128
1474
*1574
1374
2 4'/A
18%
103%
1
*108
20 3 4
7
24%
103
110
*123%
7
2474
*14
18 %
128
7
14 »A
16
<
1874
*123%
774
13 Va
;.vy
1874
10374
*103
16
'
*2974'
774
110
13%
31
*123%
24 7«
20%
*112
1874
774
13'A
31%
32
128
20%
13
113
1874
Oct
7
11% Jan
7
19% Jun
18
26% Jan
27
39 Va Sep
2
Jan
4
29
107% Jan 27
120
20
2% Jan
13 Jan
par
2
2
7%
July 17
July 20
8'A May 19
12% Jun
20% Jun
,
-
Apr
13
21%
19
29% Jun
73
.
Apr
41 %
11 % ,Jan
8% Mar
15 V2
Apr
18% Alay
104
18
Ala;
Se]
De
11'A
De
28
De<
23'/a
Ja']
1
Aug
113
Jai
Jun
4
Jai
Dec
2%
1% Jai
50
11% Ja n
12
32
25
D&
Lehn &- Fink Prod Corp..
_.„_5
Lerner Stores CorpA._____._No
par
14% Jan
6
22% Jun
26
11%
Apr
14 Va
Auj
23% Jan
8
37% Sep
17
18
26%
Dei
Libbey Owens Ford Glass—No par
31
Apr
Jan
33%
Dei
5%
Jai
Lehman
Corp
—...
24
(The)™.
Libby McNeill & Libby^..
Life Savers Corp..™™—,
„7
■
..5/
Jan
Jan
6
12
5
Jan
2
30
Jan
4
5
July 14
43% July 15
20%
17
4
Mar
July 26
20
Mar
8% Jun
41
8% Jan
17% Apr
15% Aui
33
Jai
Volume
Number 4223
158
THE COMMERCIAL & FINANCIAL CHRONICLE
new york stock
low
V Saturday
and
high
Monday
Tuesday
Oct. JS
Oct, 16
Oct. 19
record
prices
sale
>1647
stocks
Thursday
Wednesday
Oct, 20
Oct
Friday
21
.
Sales
Oct. 22
for
new york
the Week
Range for Previous
stock
exchange
per share
$ per share
68%
08'V
68%
68%
180
*68
180
*26%
69
69
.
69
*179
26%
$ per share
*68
:
69
68%
180%
*26%
34%
35%
•34%
35%
33%
35%
>38%
39%
38 %
38 %
*38%
39%
>19%
19%
19%
19 Va
19%
19%
20'A
20
20
20
20%
*19
V
*65
68
26%
*26%
.
$ per share
68
68%
179
179%
69 Va
180
179'/a
26%
"66
68
68%
180
*26%
$ per share
per share
68
69%
*179
26%
$
*26%
67%
,
34 Va
34 Va
*34
35
*38 %
39%
*38%
39%
200
Link Belt co—
19%
*19
19%
19%
19%
300
Lion Oil
20
20
20
20 %
20 %
700
10,000
A:
20
17
16%
17%': A
16%
17%
16%
16%
57%
57%
58
57%
58 %
57%
58
45 %
44%
45 Va
44%
44% >
44%
44%
45
*7%
8
:
*27 Va
7%
28
8
*27%
,
7%
28 Va
| 7%
*7%
16%
17
16%
17%
16%
17 Va
17
156
*154%
156%
"154 %
156%
156
21%
21%
*21
21%
21%
21%
72%
73
73%
74
74
21%.
*70
73
*71
:
'.
*72
2,000
28
17%
158
22
600
73
74%
7 %
23% Nov
44
May 27
22'/a
Jun
32%
Feb
43
July 20
25 Va May
12'% Jan
37 Va
Nov
4
21% July 27
15% Jan
12%
Oct
6
16 % Sep
16V8
Dec
35
25% Mar 29
9% Jan
11% May
14% May
24%
Jan
64% July 24
51% Jan
6
37
Jan
31%
Jun
42'/a
Jan
2% Mar
7Va
Dec
19%
Nov
16%
Nov
No par
42% Jan
11
6% Feb
4
25
18 Va Jan
21% Jun
7
37% Jan
par
13
Co
•
16% Oct
7
100
—
148 Va Jan
12
15% Jan
6
59% Jan
8
-No par
.100
Nashville
26
11% May 10
29% Sep 20
21 va Jun
5
10
preferred.
Louisville &
Jan
Jan
Dec
7
No
Louisville Gas & el a
irooo
73%
74%
177
19
163 Va July 22
22 v* July 19
79
July 24
'
73
Apr
Jan
Biscuit™
Lorillard (P)
10
*21%
50 Va
164% Apr
16% Apr
34% Jan
.no par
Loose-Wiles
47.975
*155%
24
4
182% Aug 1£
28% May 27
1
Cement Corp
Long Bell Lumber a
400
2
4
Highest
3 per share
Apr
par
Lockheed Aircraft Corp
1,200
73 Va Jun
Apr
50%
No par
Lone Star
28
21%
■
44%.
7%
17Va
158
21%
.
AA
17%
*155 Va
2,600
44%
2
July 15
per share
No par
Loew's Inc
*7%
71
22% Jan
No par
Liquid Carbonic Corp
16%
58%
63% Jan
174
par
—No
Refining Co
16%
28
17 Va
17%
156
Lima Locomotive Wks
2.000
58%
A
8
28
28%
*28
154%
21%
25
No
Year 1942
Lowest
3 per share
62% Mar 25
100
__
34%
16%
7%
i
—
38%
$ per share
-25
Lily Tulip Cup Corp
38%
19 A;
57%
45
■'
34%
*
17
28
Series b
Preferred
!>!. no
.
26%
57%
7%.
Liggett & Myers Tobacco
3,300
;
179%
*26%
17
45
68%
*178
Par
200
r
26%
57%
"27
Shares
67%
Range Since January 1
Lowest
Highest
•
,
$
*
15
V
46%
Mar
11%
Apr
128
Mar
11%
153
Dec
Dec
Apr
18 %
Jan
55% Sep
76 Va
Jan
m
*25 Va
138
25%
'
*25%
138
32%
25%
33
32%
28%
28%
28%
29
28%
28%
28%
28%
28%
13%
13 Va
*13%
*13%
17%
17%
17%
13%
6
OVa
*10%
11%
17%
17%
*10%
11%
*17%
18
*2%
3
5%
6
5%
6
16 Va
15%
15%
17%
18
11
15'A
3'/a
3%
5%
6%
31,200
15%
16
15%
V
15%
17%
15%
16%
A 15%
15%
5%
*29%
30 Va
22
5%
38%
38%
38%
*29%
22
22%
*171%
174
*171%
53%
54
53%
54'A
5%
30%
*171%
53%
54-%
5%
*32
33
*32
33
*105
112
*105
112
"1C5
21
21
*20%
21
21
17%
A, 5%
30 Ve
15%
"15%
15%
15%
16
115
*110
115
•27
27
'
•
27
32%
*32
112
*110
21
16 Va
115
26%
35%
A
*111
3,900
21
*111
1,600
5%
:
27%
14%.
14%
*14%
15
*14 %
14%
47
*4.6%
47'A
47%
47 Va
22%
23
23%
23%
23%
24
23%
23%
23%
111
110V4
110'A
110%
110%'
11
10%
10%
110%
110V4
110%
10'A
10%
*10%
10%
112
"'112
115
*112
112
8%
8%
8
8 A-'-:
88
76
30%
31
*8%
8%
*36%
8
■
88
76
30%
30%
*86
77%
.
Va
115
77
8%
8%
36%
*36 Va
*28
28%
*27%
28%
28%
28%
28%
6%
6%
4,900
McKesson & Robblns Inc
,A
170
.
11
-A
29%
28
7
"
29%
27%
*27%
29
28%
*27%
120
28%
*120
8%
85
111
70
70
1
i
'
?*
% •114
31%
31%
*30%
31%
*30 Va
8%
8%
8%
*8%
36%
36 %
37
37
28%
29'%
28%
30%
28%
28%
28%
29 %
122'A
28%
X:
120
28 Va
7 '
28%
28%
6%
■
70
114
.*109%
6%
6%
A
V
70
70% A
6%
114
6%
*109%
6%
*108%
c
114
"109%
*70'/a
a-'-.
^
a-a".
•
114
6%
6%
91
90
90
90%
90%
89
20%
21
21
21%
21
21
1%
2
1%
.
7%
7%
7%
29%
29%
29%
81
80%
81
*1%
2
<A 7%
30
:fv *1%
7%
*7%
30
*81%
30
82
82
6%
2
1%
7%
A
7%
117
116
116
*116
118
"116
118
30
120
*117
120
118
120
*117
119
A. 30
113
113
113
*112
113 AAA
37%
*36
19%
15
15
15%
*27%
28%
"4%
72
113
%
*36
*112
44%
16
15%
15%
28%
28
*36
23%
16
16
•
22%
15%
"28
43%
38%
22
15%
4%
44
38%
19%
*15
*15%
*112
28
4%
*4%
*4%
44%
43%
37%
44%
23
21%
16
*15%
16
*27%
4%
4%
16%
28
37 Va
161/4
16%
28%
28%,
400
:%
28
4%
A
4%
■OA *4%
•
*76%
"71
74
*72
74
74
74
74
*72
21%
21
21
*21%
22
21%
21 %
*21%
22 Va
78%
*77
78
77
77
*75%
77
75%
75 Va
*743A
76%) A
113%
9%
9%
c41%
1%
32%
*14%
*112%
9%
*41 %
11% A
32''a
113%
9%
43
*1%
11%
112
9%
43
*41%
9%
43
*41%
*
1%
11%
11%
32%
31%
33
*33
15
15
15
15
X Va
11%
15
9
*114
9%
Al'A
"l'A
% 11%
Al2%
15
115
■
115
114
9%
43
1 lA
1%
11%
43
34
A
:
1% AAA
33%
14%
14%
33%
14%
15
8%
8%
8%
8%
*8%
8%
8%
8%
8%
11%
*10%
11 Va
*10%
11%
*10%
11 Va
*10%
11 Va
*10%
11'%
*
11%
11%
11%
11%
11%
1.1%
11%
*11%
11%
11%
''
21%
21%
21 Va
21%
11%
21'A
21%
21%
21%
21%
21%
21%
21%
172
U7%
176
8%
26%
12%
8%
8%
8%
26%
27%
12%
12%
*12%
12%
12%
1.2%
12%
12%
12 Va
12%
12%
12%
19%
20
19%
20
19%
20 Va
13%
13%
20'A
13%
13%
3 3%
11%
11%
*11
'
31'A
28%
9%
31 Va
30
20
13%
31
28
28 %
28 Va
Va
9%
9%
90
90
17%
17%
17%
170%
170%
*170%
171%
147
9'A
17%
*145%: 147;
6%
19%
13%
*11A
11%
8%
9
A 11%
90
*89%
*89%
13% '13%
17 %
170%
*145%
18%
19
18%
*28%
30
*29%
18%
6%
6%
6'%
A
17%
170%
147
1
31'A
*27%
28 Va
*27%
9%
8%
9'A
f
31
*1.1
31 Va
31%
31%
28 Va
9%
9'A
6.800
:
9% v
90
89%
89 Va .'
89%
89%
17 %
17%
17%
17%
18
171%
171%'
*171
172
v
144 %■
*145%
147
"
171%
172
147
19
•
Xl44%
19%
19
19
-
19
19
*29
11,400
*29%
31
29%
29%
'
6:%
6%
6%
6%
6%
6%
6%
58%
58%
58%
59 %
59%
59%
59%
59%
59 y4
59% >
12%
13
12%
13 %
12%
13
12%-
13%
12%
12% 1
27
26%
27
74%
74% k
%'
25%
26
26
73%
73%
73%
73'%''
82
80%
80%
*5%
5%
*80%
*5%
5%
*9%
9%
14%
14%
'
"23 "
•'
9g
ijco
24
98%
56
*109%
112%
28%
9%
9%
15
15
A
26%
26%
26%
73%
74
74
80 v2
.:
80%
80 va
81
*5%
"5%
*5%
27
26%
74%'
'
'
74%
*80%
5%
5%
74%
82
*80%
5%
9%
9%
*9%
9%
9vb
9%
14%
15%
14%
14%
14%
.
14%
9
24
*23
24
*23
24
*23
98
*97
98
*97
98
*97
98
56
*54
55
55
55
*53%
55
*110%
113
14%
24
98
*109%
112%
*109%
112%
111%
111%
>23%
98
28%
29
29 %
29
29%
29%
29%
18%
18%
18%
18%
19
18%
18%
18%
19
15%
15%
15%
15 *
15%
15
%
15%
15%
15%
*98 Va
99 %
99
99
For
98%
footnotes
*98
see
page
98 Va
1651.
93%
98%.
\
*
29%
30%
Nat Mall
1,470
Apr
7Va
Jan
19 Va
Dec
110
113 Va Feb
4
8% Jun
30%'sep 21
31% Jun
7
128
July 19
76% May 6
Apr 21
National
$2
:
5 Va c/o
6 %
r
200
10
30%
19 Va
15%
15% '
2,700
;
400
2,200
'
15,400
4% %
Jan
108
Oct
111
Oct
1 %
Jun
67
Mar
8%
Apr
14%
Nov
% Jan
.3% Jan
2
4
17% Jan
12
80% Oct
18
3% Mar
-.
4
11% Apr
30
May
'
3 Va
tv jan
6
1%
Jan
Sep 20
12%
Feb
92% Jun
Jan 20
114% Aug 24
2
50
July 14
1%
4%
Dec
Oct
Oct
18
Oct
91
Jan
Apr
110%
Jan
23 %
Apr
34%
Dec
48'/a Mar
8
39% Oct
6
28%
Dec
Jan
5
27% Jun
7
12%
Dec
7
17
Jun
5
18% Apr
7
6% Jan
9% Apr
20 Va Aug
llVaJan 12
21% Jan
8
2%
53
15
62
111
31
50
Jan
63
Feb
11%
Jan
17
Dec
44
Feb
27
49
Sep
May
Jan
6 Va
Nov
30% Jun
39%
Feb
1
Dec
15Va Jun
7
3%
Jan
29
16 Va
1
14% Sep
14
19% Apr
1
1
5% Jan
8% Feb
IIV4 July
8
100
5%
Nov
5%
Jan
8%
Dec
6
Va May
9%
2
23
July 16
13
May
16%
Oct
Jan
7
176
14
140
Jan
Sep
4
5
21% Jun 24
Sep
9
4
29Va Sep
24
10 %
14% May 10
4
2
6% Jan 13
9% Mar 16
21% July 23
15% Sep
Nov
20
6% Sep
12% Apr
4%
Jan
9%
Dec
"Dec
15% Aug
7% Nov
Sep
Nov
y
Jan 12
111/4 Jun
4
Oct
16
6
70v4 Jan
4
90
14
Jan
2
19V4 May 27
13
6
3%
Apr
9%
6%
60
Jan
72
11%
Apr
16'A
178 Va July 13
145
May
168
Jun 28
129
Mar
146
150
Nov
Dec
Mar'
Jan
Jan
Jan
14% Jan 13
..
22
May 27
13'A
Dec
17% Mar
28 % Oct
par
-4
8
36
Jan
4
29%
Apr
36
2% Jan
2
7
1% Apr
43% May
54
7% Jun
;
Jan
5
64!/a July 14
5% Jan
2
4
15% May 28
52
14% Jan
Jan
5
80 % Jun
Jan
2
2
5
7
4
4
88
2% Jan
6
Jan
9% Jan
16
Jan
74% Jan
37
jan j-1
106% Mar 31
26% Jan
2
10 Va Jan 12
15
Sep 14
95 Va Jan
7
2
28 % Jun
57
—
5%
Jan
26
Jan
-100
—10
Newport Industries1
Newport News Ship & Dry Dock—_1
$5 conv preferred-No par
Jan
18
Jan
No par
3%
11
14 % Mar
160
.
Dec
30
137
Newberry Co (j j)
5% preferred series a
Newmont Mining Corp——
16%
29V4 Sep
11% Sep
■
14
———100
1
Apr
8% May
17% Apr
—-—-100
serial preferred-—100
Jan
17% Jan 15
10
No par-
166%
20
22
34% July 12
x25% Jan
No par
—
Oct
May
12 V8
131/2 Aug 23
9% Jan
14% Jan
No par
——--No
Oct
7
12% Aug 23
No par
No par
-10
—40
Oct
Nov
13% July
5v4 Jan
18% Jan
>
1
—25
7
19%
12% July 14
17
—-—1
No par
3Va July
29%
3
7
162
No par
10
No
Dec
15% Jan
—10
1
y
May
13% May
3
Apr
113
8% Jan
...10
5
—No par
1% Feb 11
Jan
Sep
4%
40% Apr
Jun 18
69%
108%
2
Corp
Jan
2
25
26
79% Sep 22
117
Aug
4
11% July 19
llllli
2
3%
3
Jun
2
Corp
Jan
Jun
6% Jan
23v4 Jan
—
Oct
Nov
7
,
34% Jan 12
1
11
25%
77
Jan
Jan
Louis.-—100
St.
29% Mar
12%
23 Va Jun
2
7
Jan
5
Apr 13
July 3
5% Jan
2
,
Mar 29
Feb
102%
9'/a Jan
13
62
conv
103%
ix 107% May
57%
Neisner Bros Inc
20
Dec
10
'
1
59%
July 23
preferred——___100
Nehi Corp
Jan
July liJ
preferred-————100
No-par
Natomas Co
Nov
35 Va
98
National Tea Co
1,300
108 V8
25
5
preferred
prior
Oct
Apr
13
No par
preferred
prior
23 Va
88 %
13% Jan
Supply (The) pa——__ 10
conv
12Va Mar
16 Va
May
3
Jan
2
64% Jan 17
'
18%
99%
9% Apr
4
19
—10
No per
& si'l Cast Co
1,000
s
113
*98%
Jan
14
—-1
No par
—No par
No per
——_—-100
National Oil Products Co
3,200
30%
,
30%
•
100
;
■
Dec
5
Feb
1
National Power & Lt
110
98
55
24
13
Apr
No par
—5
National Steel Corp
-
9 Va
24
Oct
34% Apr
Jan
31 % Jan
2,300
10,100
.
!
14%
*110%
;
18%
"98
1
5%
33%
par
6,700
82
*53%
15%
o
6%
'
*23
*53%
*5%
Apr
No
preferred-a
100
Oct
21
Oct
preferred B_.
1.300
13
25%
July
32% Mar
-
31
58%
•
42
33% Jan 14
~
31
29
4
par
National Lead Co
7%
Oct
22% Jun
Jan
109
Gypsum Co
6%
Jan
6
108 % Jan
Nat Enam & Stamping
10
Feb
32
Dec
par
Register
100
72
Jun
4%
& co——No
Share
$4.50 conv
Dec
20 Va
No
preferred
National
55
8
8
Nat Distillers Products—-No par
170
"
12%
■
4,100
18 Va
-
58
;
200
27
12 % July
Mar
120
"
6%
78 Va Sep
34.% July
2
77
117%
Cylinder Gas Co
Nat Dairy Products—
National Dept Stores
200
Jan
7% May
64% Oct
Feb
National
1,800
108
26
May
National Container
4,500
•
15
7% Jan
May
Co-
500
Jan
Feb 9
6
5% Jun
Dec
Feb
58
107
Corp
700
A
13%
11% >
*27%
28
Nat Cash
3,700
"'A
10% Apr
89
Dec
110
May
preferred
&
4
9
Dec
15%
Nov
Jan
May
66
Biscuit Co
Bond
Nov
112
National Can Corp—
2,800
27%
90
*145
19
13
11%
9%
93i
90
8%
27%
!
*11
30%
A
,,
27% <27%
;
31%
30
...,'
Nat
200
12%;
11%
28%
7%
12%
13%
*11
V:
A
18
12
12%
31.Vi
*17%
'
27%
12%
18%
17%
176
8%
20
*28%
*172
12
12%
'28%
176
•'17%
26%
20 Va
'
*172
18
12%
12%
"'145
176
National
Apr
X5%
Dec
9 Va
39
Jan
94
4
n
Aviation
9%
11% Sep 18
115% Aug
4
13
24
24%
Oct
110
Fibres Inc.
preferred
conv
National
3,600
27
*12
20
9'A
*172
AA *17%
1734
"
-
8%
8%
26%
A'
17%
:
'
176
*172
17%
*17%
8%
26 Va
*12
176
*172
17%
A
6%
-1.000
Jan
101
Aug
7
Nat Automotive
400
«"'A{'® I''-'®
r
Apr
Jan
30
& Bro
Acme
14
6 Va
27%
Oct
Jan
108 %
Mar 19
Liquidating Co
National
1,600
28
May
99% Aug
7
116
f
6
class b—
Chatt &
8
Dec
14
10
Apr 29
preferred
Nashville
50% Apr
25% Jun
18% Jan
Co
Nash-Kelvinator
270
11 %
8%;
Nabco
12.000
*10%
*8%
4%%
Feb
Sep 30
16% May 19
7
Nov
127/a
119
Murray Corp of America
1,100
12 Va
34
Nov
22
101
121
Murphy Co (g c)
Myers (f e)
11%
.
3%
Jan
114% July 22
Munsingwear Inc
1,600
29
2
1%
118
$7 preferred
50
•
13
113% Oct
20va Jan
10
Corp
Mullins Mfg Co
7
106Va Jan
——————50
200
43
1% A
12
Jan
Jan
par
Corp—
200
-
9%
*41%
y
1%
11%
*33
15 Va
Va
Jan
46%
No
& Co
Brass
his
"l'A
"
"9
Mueller
240
AAA
115
*114%
9%
*41%.
11%
:
114
9%
29%
176
20
Co__—
Essex
Wheel
Motor
1.200
75
*21
113%
Dec
100
b
Ward
(John)
&
Jan
,
par
—No par
series
Motor Products
600
A: X
4%
72
74
Morrell
Morris
20,790
'0
Chemical
7
5% Jan
——No par
preferred
Montgomery
1,900
OA
Mar
Jan
26
1
preferred series c
$4
-"Ay-
15%
21%
*21
;
22%
15%
28
•
AOA
21 Va
IG
16 Va
9
Jan
6 Va
24% Aug 24
No par
10
preferred series a
Carpet Mills
!
Preferred
9,200
22 Va-
16%
v
5
% *36
22% Aug 18
.17% Sep 21
25
par
Impl
Corp—
$4.50
40
44%
37%
•-,*36
22 %
*15%
44
Jun
4% Jan
10 v
preferred
Monsanto
1,400
117
44%
26 V8
13% Sep
76
7% May 29
100
:
Mohawk
900
*115
112
Power
1.900
117
44%
Moline
7%-A'
120
19%
:
Minn
Mo-Kan-Texas rr
*115
112
22
29
7
60
Minn-Honeywell Regu
No par
4 % conv pfd series b
100
4 % % preferred series c„
100
1,100
*115
44%
Oct
13
Jan
Jan
34%
Apr
Sep
Sep
27
5
1st preferred
$6.50
82%
No
Products——No
Steel
cum
Mission
120
113
31
36
6
5
1,400
29%
82%
Apr
3%
Aug
Va July
110
60
Aug 23
67% Jan
50
Co
Co
1.400
•
116%
"36
•
8%
10
*114
43%
preferred
Trans
1%
*29 Va
83
Midland
50.
3,500
-
,
20% A:
7
29%
82%
6%
89
20%
1%
19
162
4
6% Jan
1
Mid-Continent Petroleum—
500
"114
*112
Nov
July 17
2
101
par
Copper
114
6'A
Min
Machine
1,100
'
•
89
7 %;
29%
82%
'
1%
7%
30
AA
6%
1st
conv
Mesta
A
109
*109%
90
20
20%
5%
Merch &
13,700
•
71%
109
a—-No
(The)
Co
Miami
AAA
28'/a.
122
1
No par
2,100
28% A
28 Va
70
.a
25 Ya
7
27% Mar 26
176
14% Jan 27
100
series
1,100
'
;
70
>•'*
*108%
19
May 27
Jan
109Va Apr
$5,50 pfd ser b w w——-.no par
Melville Shoe Corp
1
2,900
:
28%
A 122
Co
Mengel
150
29
27%
29%
122 %
19%
91
29%
70
*108 Va
:
17% May
3Va Sep
22% May
32
8% Jan 11
18
400
-
37
.
6%
28%
29 %
*121
43% July 16
37
19% Jan
100
,
300
!
28%
7
27%.
29%
120
100
8%
28%
28%
7
11% Oct
12%
5
38 % Jan
5
preferred
conv
Mead Corp
$6 preferred
60
32
8V2
"88%
"88
"7
70
AAA A
*109%
*19%
aa i%'
A,
*108%
6%
6%
"80%
Stores
6%
700
.
76
36 Va
29%
28 Va
120
120
8 Va
85
*75%
7
Jun
Apr
13
No par
preferred
McLellan
800
"
70
*
5%%
-■* 30
115
76
37
A 7
A
*108%
McGraw-Hill Pub Co
Mclatyre Porcupine Mines
86
Nov
Jan
Jan
104
1
;
300
8%
86
2
Jan
8%
v? 7% Jun
11
11% Jan
-100
w_—
1,900
28%
28%
preferred w
conv
1
-
*75%.
4%
4%
2 % Jan
21% Feb
par
:
:
75%
8%
No
_.
14%
75%
Jan
100
Jan
9
12% Jan 16
;
No par
•
46%
"10%
Dec
16%
21% Oct
cum
14 %
"112
X6%
165
par
—10
46%
115
Jan
Jan
2%
24
1
Jan
Jan
13%
27%
11 Va May
% Mar
18% Apr 15
July 14
5
22
100
14'/a
8%
87 %
No
47
*112
8 %
*86
'
32
8%
36%
37
8 Va
88
*27
120
*112
8%
*86
*75%
*31 A
>
*27%
7
lO V'i
Wks
McGraw Elec Co
■
*86
*76
115
A
Alkali
500
23%
*110»A
*110%
10%
3% Jan
31 % May
21 Va
i Dec
2% May
5
May
11
xl7
16 Va Aug 23
>
1
McCrory Stores Corp
115
*26%
47%
110%
—1
par
par
preferred
No par
McCall Corp___——-—'
♦
500
16
15
10%
2
Co
Maytag Co
$3 preferred
$6 1st
23
*110%
5
No
preferred
May Department Stores
1,100
47%
47
Jan
Apr
9% Nov
Mar 15
8% Jun
2
9
Jan
Jan
35% Jan
;
v
36
16
26%
*14%
3% Jan
9% Jan
No
1%
112
23
-AA
Elec
Mathieson
2,400
800
47 Va
%
Master
v.;
5%
A A *20 Va
115
26%
Co
Martin-Parry Corp
Corp.,
300
22%
*105
16%
26%
AA
55
:-5%
A
.21
16 %
5
par
6
12
Sep 23
19% Apr
5
4% July 14
6% July 13
1% Jan 27
100
No
Masonlte
1,600
174
55
5%
112
*20
16%
*111
27 ':
*105
1,200
30%
*171%
A
5%
32%
11.2
*20
115
X26%
32%
*105
(Glenn l)
2
"
A
38
22%
55
5Va
Martin
4,800
8
"
22%
174
5%
Corp
6% prior pfd
320
2
14% Jan
1
Midland
Market St Ry
17%
3% Jan
6% Jan
25
Marshall Field & Co
*5 Va
54%
Marine
f
par
Maracaibo Oil Exploration
Mar 15
v
1
No
1,300
>37%
*171 Va
54%
320
7,400
30 Va
22%
22%
*_50
16
5%
*29%
19
23 %
131
Deo
17%
24% Mar
15%.
38%
5%
38
174
5%
21'A
15%
32%
30 Va
22%
174
'A5 %A'; A;A5 Va"
5 Va
■
29 %
22%
5%
38 Va
Apr
Dec
26%
30% July 15
14% May 19
15%
17% A:
17%
17%
5%
38%
*
15 %
122
4
16
.
2
28
9
Mahoning Coal rr Co_—
4,800
5%
6
Aug 12
Jan
Bros
3%
May
37% Jun
Aug
Sugar Co
5%
29
138
2
10
Mandel
3%
8
July 22
Jan
17
Manhattan Shirt
5%
»
19%. Jan
Manati
3%
17%
28
10
200
>Cv
20% Jan
133
Copper
100
18
10
100
No par
Magma
15,500
A';:
11
*17%
Forbes
Co Inc
—No par
Madison Square Garden—No par
—■
7 Va
&
preferred
Macy (r h)
800
1,200
'
7
11%
*174'2
AA
17% A
'
22
*14'A
*11
17%
6%
Mack Trucks Inc
■
5%
j
-
16%
15%
5 Va A 5%
174
5%
15%
.
7%
MacAndrews
-
'2,700
14
*250
11%
17%
'
;
1,300
29%
17%.
„
6%
6%
*11
3
17%
15%
38
30%
54%
16%
17%
*250
6%
A A;
:
32%
AAA 3®
5% A 5%
17%:
5%
22
*2%
15%
■
38
>29%
*250
6%
3
5%
17%
6%
18
38
13%
17%
6%
11%
15%
13%
17%
6%
17 %
17%
13%
17%
''
*250
*2%
15%
*13%
17%
■
*250
•A.
10
32%
A
"10%
25% A
*25%
*138
■
33
13%
*26%
*25%
"138
32%
17%
*110
V
32%
17%
*171%
25%
is-
32%
"vm
*
*138'
32%
"250
,
*25%
25%
AA AAA
*138
V'
32%
28% r
28%
'■
*25%
25%
*138
32%
Jun
7V3 May
101/4 Apr
Jan
Oct
6%
Jan
Jun
16%
Feb-
1
45% May
63
Feb
51
May
70
Feb
2% Mar
4
8
5
4%
25% Oct
1
Oct
11
17
Aug
5
57% Sep
114
9%
3%
May
2
'
19% July 14
98
4
Nov
Oct
Oct
9 Va
Feb
5% Mar
9%
Dec
11
Jan
17
Dec
70% May
75%
28
Apr
39%
Dec
104
Mar
110%
Dec
22%
Sep
30%
Feb
Sep 30
7'A
Apr
11**
Jan
21% Mar 30
15%
Dec
2t>
Jan
6
93%
Dec
37% Apr
19 Va
102
May
8
Apr
109%
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
1648
NEW YORK STOCK
LOW
AND HIGH
Monday
%
f per share
Oct. 39
$
per
$
share
STOCKS
Wednesday
Thursday
Oct. 20
Friday
Oct. 21
5 per share
share
per
S
share
per
Sales
Oct. 22
for
NEW YORK
the Week
$ per share
35'/2
37%
373/4
373A
37%
*37%
38%
38%
38%
J8'/o
18%
18
18%
18
18%
18
18%
17%
18%
17%
18Va
"20%
21'A
*20
20 Va
20%
20%
203/4
20%
*20 Va
21
20%
20%
64
64%
64
63'A
64
4,600
24
*23%
24
500
65%
64 %
64%
63%
64 Va
23%
24%
*23%
24 %
24
24 Va
"23%
*9
27 Va
*129%
O 1
<:129
"130
45
140
45%
2%
2%
*2%
%
*
35
Va
140
47 Va
2%
*
184'/a
119%
*119
17
16%
17
16%
53%
52 Va
52%
52 Va
52
52%
52
10 V8
100 Va
*100%
10
15%
15%
15'A
115
*114
114%
15 Va
52%
600
114%
17%
37%
5
5
"4%
15 Va
114%
*114 Va
18
37%
14%
*114%
114%
114%
114%
*18
Jan
West
Shipbldg Corp part stk
&
Western
Ry
North
40
American
230
18
Va
18 Va
*18
18%
600
Northwest
37%
37%
*37
38 'A
310
Northwestern
300
5
*39%
40%
40
40
*39%
40%
*40
40%
"12%
13
12%
12%
*12'A
13
*12'A
13
5
5
*4%
*39%
40%
40%
12'A
12%
*12 Va
40%
30
13
Dec
Dec
Feb
Air
23 %
Mar
1% Mar
26% May
38 / July
5
7
49% Jan
5
Sep
%
Oct
19
Jun
30 3/4
Jan
15%
192% July 14
119
Sep 17
18% July 21
;
Jan
93/4 Jan
\l Oct
2%
Jan
Apr
23%
Dec
Vi
56% Jun
ft.
143
Mar
192
108
Mar
116%
Sep
6% Mar
11%
Nov
52%
Jan
4
39
Apr
8
39
Jan
48% Jan
5
56
Apr
53
9% Jan
2
14 % Apr
8
9%
Dec
fift 14
Jan
91'A Jan
6
100% Jun
25
85%
Apr
96
Jan
73/e Jan
2
18% May
6
4%
Jan
8%
Jan
2
100
Apr
110 %
19
116% July
23% July
7
15% Jan
8
41'A Aug 18
8
Apr
17%
Apr
38
pfd-No par
Lines
No
par
Telegraph
107
50
_No par
50
Preferred
400
2
113
80
July 13
53% Jun 10
5
162% Jan
126
1
Norwalk Tire & Rubber
5
6%
16%
21
130% Oct
Jan
50
$5
18
38'A
*4%
11
11
Oct
100
Northern Pacific Ry
Northern States Pow
15,300
18
5
Oct
101
Oct
Feb
50
Ry Co
38
*4%
130
50
Aviation
Northern Central
18%
5
100
-
preferred series
53A% preferred series
37%
37%
50
Ry Co
6%
6,700
115%
&
Adjust 4 % non-cum pfd
100
North American Co———————10
400
10%
15V4
*114%
Feb
54
Lack
Norfolk
10
52 Va
Y
Noblitt-Sparks Industries
630
102
15
109
Dec
—„.
,
23
52%
15%
May
—;
preferred™
non-cum
131
5
52%
15 Va
110
2
7
15% Sep
52%
15%
Apr
Dec
16% Jan
63% Jan
1
16,000
10 Va
May
60%
par
-R0
% Jan
122
*51%
4 /,
12 3/4
Oo™
6
300
183 Va
*100%
12VaJuly29
28% July 30
No
preferred--__.No par
2,800
35
lOVa
4
Dock
non-cum
2% Mar
V
16%
35
51%
63/8 Jan
York
& Harlem RR
4
14
N
1*6
16%
100%
Jan
4
16%
10
15%
2
*120%
51%
Jan
ft Jan
17
*%
100%
10%
May 22
% Jan
122
10%
26
1% Jan
183
52 %
5
100
16%
102
143/a Jan
100
182%
10'A
Feb
Conv
preferred
$N Y Ontario & Western
*120'A
*51%
51
N Y
17
*100%
Dec
1,100
121
10 Va
103
35
A Jan
185
53 Va
74% July 24
100
35
*52%
27
tN Y N H & Hartford
2%
2%
16%
183
31% Jan
Certificates
2,000
35
16%
Feb
100
preferred series A
20
6
35
*119
51%
10 Va
*100 Va
15%
18%
37%
51%
10 Va
103
37%
*18
121
17 Va
;
22
16%
■,
12%
Jun
100
32%
23% May
Jan
%
*
Jun
11%
par
44 V4 May 29
28% Jan
183%
52 Va
10 Ve
*2%
%
May 5
26% July 23
6%
27
No
100
13
13
12
Jan
10%
920
16%
17
*51%
2%
*%
17
185%
121
.100%
13
40
47%
share
11
$5
N Y
140
47
*34%
16%
-52%
*129%
*130
47%
Highest
$ per
City,Omnibus Corp—...No par
N Y
140
>
$ per share
10% Jan
6%
100
:
Year 1942
$ per share
2
New
27%
130
—No par
Central-
N Y Chic & St. Louis Co
400
$ per share
Lowest
27 Va Jan
York
New
11
130
140
*47
%
;'d;
17 Va
%
17%
185
119 Va
*10
*25 "A
130 Va
*130
48
2%
35
Va
*119%
v
11'A
27%
131
New York Air Brake
800
35,800
111
2%
ft
2%
17
35
140
47%
%
2%
%
17%
*9%
*25'A
*130
130%
*130
48'/a
%
til
11%
*129%
*130
184'A
184
183
130%
Va
*34%
*23%
27%
130%
16%
%
17%
*34%
*25 va
47
%
17%
*10%
25'A
130%
*129
13 :
'lil'
'V,
131
OQ
*130
140
45
11%
25%
130 Va
27'A
*25%
130%
*10%
11'A
*10%
11%
*25%
*129%
63
24%
V;"
Par
,
36%
,
Range for Previous
Range Since January 1
Lowest
Highest
,
Sharee
36%
04
ft-
STOCK
EXCHANGE
36
vb
RECORD
SALE PRICES
Tuesday
Oct. 18
Saturday
Oct. 16
Monday, October 25, 1943
36
Jan
6
x3% Jan
31
14
6
Jun
31%
July 22
1
Jan
Apr
7
123A Oct, 13
20
Feb
Jan
15
8% Jan
6
par
11% Jan
13
par
29Va Jan
6
3% Jan
2
21'/a July 19
503/4 July 2
8% May 22
17
6
Norwich Pharmacal Co
2
95
59
2.50
45
73/4 Sep
Jan
Nov
Sep
Dec
Mar
3%
Dec
34
Oct
10%
Jan
O
/
17%
17%
17%
173A
17%
17%
17%
173/4
17%
17%
17 Va
177/a
13,200
41%
41%
42
423/8
42
43
43%
43%
43 Va
43 Va
43 Va
43 Va
1,900
Oliver
6%
7 Va
7
7 Va
63/4
6%
8,400
90%
91%
500
Omnibus Corp (The)
8 % conv preferred A
400
Oppenheim Collins
No par
Otis Elevator
No par
93
•ft/
93
92%
ft
9%
*9
183/4
183A
*31%
33%
*67%
69
59'A
18%
59'A
9
'ftftftlSftft
18%
9
19%
93
8%
19%
*150
7
91%
9
19 Va
151
*148
7
193/a
151
ftft:ft
8%
151
19%
30
*32%
33%
*323/4
33%
*323/4
*66 '/a
68
*66 %
68
*66%
68 ■'/
59 Va
60
59%
59%
59%
60
12'A
12%
12%
9%
9%
-10 Va
60
Va
Outlet
100
100
5
Co-—.—■
Owens-Illinois
2,200
■
Equipment-...No
preferred™—.
Outboard Marine & Mfg
400
-
No
Farm
6%
33%
673/4
59%
1,300
v
151
33%
67%
593/4
91
9
153
*32
67aA
7
.
9 Va
*148
33%
67 3A
*6%
90%
92
9 Va
150%
*32
ft'
7
.
ft 92
9'A
150 Va
153
583/4
93
*9
18%
18%
*150
6%
Ohio Oil Co
No
Glass
Co
par
12.50
69
Jan
3% Jan
2
15% Jan
142
Sep
27
10% Jun
8
6%
7
21% Jun
2
Jan
5
154
Sep
15
28% Jan
15
38
Apr
8
46
Jan
22
673/4 Oct
18
54% Jan
12
64
July
2
Apr
12%
Jan
30'/a
Dec
2% Jan
6'/a
Jan
Jan
2%
„
79
Jan
4%
Jun
173/a
Dec
Apr
11% Mar
132
Dec
Mar
143 Va
Apr
27%
42
Jun
48
43%
Apr
573/4
Dec
8%
Jan
Xl6%
Sep
Dec
Mar
P
*11%
12%
*9%
9%
*11%
44
44
*18
*ll3/4
93/8
42%
18%
18%
*12%
12%
9'A
423/4
43'A
9
18'A
12
44
18'/a
*40%
25'/a
25%
25'/a
116 Va
116%
116'%
116%
116'A
*116
156
156%
157
157
*156%
157 Va
5
5 Va
5'/a
*14%
15%
*14 Va
3%
33/4
3%
25
116%
116%
158 Va
157%
157%
5 Vs
5%
5
*15%
15%
15
3%
33/4
16
33/4
32%
31%
*10%
11%
111%
243A
*101 Va
105
Va
25%
32%
*30 3/8
1%
1%
13A
30%
30%
30 3A
18
18
*5
*17%
*43/4
55 %
*55
S4%
94%
95
15%
9'A
-
31%
31%
313/8
18
18
5
*17%
5
23%
*54%
55%
54%
54%
95
93%
94%
15
15%
15 vb
15%
9%
9
9%
2%
*2%
23/4
42 Va
41%
41%
*15
16%
15%
9
*2'/a
9
23/4
42
16'A
16%
16'A
111%
*110 Va
111%
"llOVa
27%
26%
27%
26%
27
*23%
23%
23%
23%
24%
24 3/4
*5G'/2
57
57
57
57 'A
'••••
27
*6
"
*6
6%
51%
51%
51%
110%
57%
6%
6%
53%
58
52'%
11
11
50
50 %
51%
51
51
49 3/4
*31%
32%
32%
32%
*32
34
*31%;..
*24%
25
*11
*24%
*24%
25
•
*24%
6 Va
7%
8%
8%
7%
..
8%
7%
8'A
7%,
8%
6 Va
1,500
6'/a
300
52'%
523/a
52'/a
9,800
11%
*11'/a
11%
100
49
*49%
50 Va
*32
33
51
33%
:
49
33
33
25
*24%
*24%'
25
8%
*814
*8'A
8%
-A
'
■
;
700
300
25
*8%
•
5%
8%
600
7%
7%
7%
7%
7%
700
23%
23%
23 Va
23%
11,400
89
21 %
21%
21%;
21Va
2114
21 Va
21'A
21%
21 %
21 Va
21V2
24%
12,100
24%
24%
24%
24-%
24%
•24%.
24%
24%
24%
24%
243A
2,700
$1
22 Va
22%
22%
22%
22%
22%
22%
22%
2,500
8314
82 'A
82'A
-81 %
81 %
81%
81%
1,600
110%
*109%
110%
109%
109%
*107%
110
200
Preferred
115
*1.11
114
113
*111
113
10
Preferred
22%
22%
•"'82%
83%
82 %
*109%
111%
*109%
*3.15
116
"11%
*115
47Va
*11%
98
*90
13
*90
47%
*5
47
5%
*5
*90%
25%
*100
*49
49 'A
*88%
90
23
83
110 Va
115%
115
13
*11%
98
*92%
47%
47
5%
25 %
25%
120
*100
5%
*7
7 Va
*74
5%
55 V4
*7
76
12%
*24%
*100
54%
55
*11%
25%
120
7%
74%
12'A
12'/a
180
*165
180
*165
190
*182'A
190
*182 'A
*7%
*78
5
44%
12
4%
8
8
82
*78
44%
45%
65 Va
65%
*7%
82
*65%
5
*78
7%
45
67 Va
12
*165%
*11%
175
*165'A
5
5
72
55
72
55
*18%
55%
18%
*19%
20
*9'/a
9%
21%
22%
11%
18%
*19%
11 %
9
.....feo
130
47
5%
*5%
13
*11%
13
"11 %
93
*92%
98
*92 Va
46%
47
4674
47%
5%
*24%
25%
120
*104%
5%
*5%
56%
56
7%
7Va
25%
120
6
45
75
*73%
12 V4
180
7 Va
12
75
*7
6
13,600
5%
56
12
74%
7'A
7'/a
*73%
12'A
12'4
12'A
4%
180
*165
180
*165
*182'A
190
*182
400
200
2,100
7 Vb
300
4%
8%
8'A
82
*78
4%
8%
82
4%
8%
*78
4%
434
8%
8%
82
75
12'A
20
800
*78
190
43A
8%
46'A
47
46%
46%
46Va
46%
2,430
*65'A
67
65'A
65 %
65'/a
65'A
50
*11%
175
*165 V4
5
5Va
72%
57%
72 Va
58 »/4
73%
74
58'A
12'A
175
6'A
*58
80%
*11%
*11%
175
6'A
7
79
*58
•
12
*165 Va
12 V4
*165'A
175
63/4
81
79
65 % '
58%
200
7%
13,400
80%
980
62
80
'
18%
18 %
18 Va
18%
18%
20
20
20
20
20
1834
*19%
18%
20
*183A
20
9%
9%
9%
9%
9%
9%
9%
1,900
22%
22%
24'A
23%
24%
23%
24%
11
11
18,500
11
Va
11%
11
11'A
11%
*11
11%
*11
11%
35%
*33%
35
*33%
35
57%
57
*119
57%
120
57
57'A
120
57%
120
15%
15%
15%
15%
94%
93%
94%
94 Va
94%
*119 Va
15%
101%
15%
.
57%
121
15%
94%
94%
11
11'A
10 3/4
11
*10%
11%
*11
35 Va
*34
35
4,800
11'A
35%
56%
118%
15
9414
57
'*•
119%
15 Va
95 Va
x56Va
*118%
15
9454
56'A
121
15%
95%
2,300
120
21,700
3,500
3
54% Oct
29
20
11
Jan
May
6
60% Mar
44
56
May
May
15
Aug
21
108%
Feb
5
Jan
25%
Nov
—5
17 Va Feb
9
24Ve Sep
20
16% July
23%
Jan
46% Jan
9
61% July 14
36
Apr
47'A
Dec
Co.——100
1% Feb
9
Jan
2 %
8
9% Oct
14
111
Jun
738 Sep
1
28 % Jan
6
59% July 23
5% Jan
6
16 Vs May
100
34% Feb
100
—No
com..
19
Jan
23
Feb
6% Jan
20
5% Jan
12
58% May 20
36
Apr
513/4
Feb
413A May 20
18
May
29%
Jun
26% May
19%
Jun
27%
4
Apr
6 %
Dec
Mar
6
Jan
293/8 Mar 29
22
Dec
32-3/4
4
x51% Sep
30
28 Va
Apr
40 Va
Jan
91% Sep
30
49
Apr
76%
Jan
put
18% Aug 23
24% Sep 22
133/4 Jan 14
2.1% Oct
11
26'A Jun
1
Jun
xl4%
Dec
90% Jun
3
37
8
Feb
Apr 20
115
July 30
117% Jun
4
7
7% Feb 17
79% Jan
5
44
Jan
3% Jan
Jan
14
100
20
18
70
50
July
July
Apr
7Vs May
16
1
80
uct
46
Dec
3
92
Sep
4
26
May
7
Jan
8
102
Jan
3% Feb
8
100
34Va Jan
6
Jan
25
59
Jan
9V8Feb
14
18% Jan
102
5
29
73/8 May 20
59
9
May
3
Mar 30
77 % Jun
15% May
4
5
7
Feb
165
May
175
No par
...No par
4
Jan
4
4% Jan
13
100
A
59% Jan
6% Jun
7
10'A May 11
5
—100
24
Jan
64
Oct
90
100
7% Jan
2
pfd—100
150% Jan
4
1% Jan
8
Apr
62
Oct
33
Va Jan
70
Feb
16% Mar 29
162
May 18
7 % Oct
Jan
30
81
Oct
21
B
preferred
100
20
Jan
28
62
Oct
22
14% Jan
2
Car
Co
par
4
Jan
lnc
2d
1
Gamble
of Feb 1 '29)
of N J
$5 preferred
No
6% Jan
6% Jan
14
243/4 Jan
4
14%
18 %
Oct
1
3% May
5 "A
Jan
Jun
13% May 29
13
Jun
4
40% Jun
3
42
Feb
115
Feb
No par
11% Jan
6
17% Apr
5
No par
75 % Jan 20
85% Jan
2
96 % Oct
5
Mar
863/a
x99%
Jan
111
Jan
99
Mar
123
Jan
111% Mar
116
Oct
118
preferred-.—-
100
109% Jan
4
129% July 15
Pub Ser El & Gas pfd $5—No
par
Pullman lnc—
.No par
115% Jun
26% Jan
4
122
2
footnotes
see
page
1651.
Oct
Oct
Jan
73% Mar
8%
For
14%
79% Mar
1,140
310
62
Jun
107% July 20
96% Jan
25,200
9%
523A
122
114% July 20
100
__100
373A
Jan
17
13
preferred
116
29%
Sep
Feb
preferred
373/a
Jan
58
6%
116
Jan
123
1%
37%
8%
83/4
4
1,410
116%
Sep
Jun
Jun
7
'
21
Jan
6Va July
22 Va
48 % Jan
1,650
37%
5%
Jan
1143A Apr
101%
116%
9%
par
105%
117
—
11V8 Jun
15 % Jun
101 Va
3714
—
100
4
Jan
July
5
24% Oct 21
6
5
preferred
10%
153
13
16'A Jun 21
„50
1st preferred
conv
Jun
July
23'A Apr
7
(stmpj.No par
conv
21% July 16
18
No
Co class B
6l/a
153
22
Class
Jan
Jan
Jun
29
18
6%
Jun
100
par
May
58
preferred—
No
Jan
20
A
Pocahontas
Feb
5%
47'/a
8
Mar 31
Class
5
4
Feb
Dec
75
6
July
3%
52% May 12
13
100
pfd
1
5%
Jan
103/4 Nov
165
165
105 Va
116%
Jan
9
101 Va
37%
Oct
6%
Aug 31
105%
117
Apr
38%
68
Jan
101 Va
36%
Dec
170
105%
117
Sep
182
105%.
37%
4%
9
101%
117V4
Oct
May
Apr
4% July
7%
Nov
19 %
26%
56 3/4
65
21
B
Dec
Jan
Jan
105 V8
36%
3
May
Jan
101 Va
117'A
15%
170
(The)
Teleg lnc pfd
Jan
3%
175
101%
37%
43
Feb
100
105%
36%
PA
9
8
No par
Pittsburgh & West Va
Pitts Young & Ash Ry 1%
Nov
Apr
100%
118
6 Va
Dec
110
May
May
105 Va
115
Jun
65
105%
114%
103
79
107 % Mar
30
101%
114%
Apr
May
3
104%
114%
7%
55 Va
98
26
100
pr
Jan
25% Sep 23
20
par
No par
class
Jan
2
25
conv
Jan
5
8% Jun
101
114%
7'/a
28
10 Ve July 19
4
22% Sep
8
Jun
Jan
100
preferred
Oct
Dec
18
114
114%
30
27
105%
115
15% Mar
4
115 Va
Va
%
18
100
Corp
18%
68% Jan
No par
No
104
Apr
par
3
—
l'/a
27
100
5
1%
3 % Mar 26
105%
114
Dec
Sep
20% July
115
115%
Oct
Dec
32 Ve Apr
5
Iron
1 ser
29%
60
82
2
Pittsburgh Forglngs Co
1
Pitts Ft Wayne & Chic Ry.._—.100
&
Jan
Apr
% May
1% Nov
18
preferred
pfd
13%
4
Dec
17% Mar
ft Mar
23 Va Jan
$5 conv preferred
5%
29%
Apr
13'A Aug
108% Jun
Pittsburgh Coal of Pa
Procter
19%
Sep
_
Pub Serv Corp
Oct
Jan
2% Jan
Jan
Hosiery
Steel
17%
17
Jan
100
Pressed
11% Apr
14% Oct
l'/a Jan
11
Pillsbury Flour Mills
Postal
Nov
17% Mar 26
1% preferred
Phillips Petroleum
&
101
6
109Va Jan
Poor
Dec
Mar
90
4
series..—..100
Creek
Oct
38
20
100 Ve Sep
23/4
Apr
6% May 22
80
Jan
2
5%
200
5
4% %
Pond
1
20%
44
Plymouth Oil Co
9'A
7
106
900
22%
7
Jan
series.——100
300
23 Va
July 10
32%July 24
l%Jan
21Ve Aug
4 'A ",'c
18%
22%
2
16
71
20
9%
30
•
July
27 Va Jan
10
Pittston Co.
Dec
11
Jan
of America
Co.
5% preferred
5%% 1st ser
106%
101-
July 12
Jun
No par
Pittsburgh Steel Co
7% preferred class
12
4
(Chic)—.100
2,700
66'/a
12
Sep
113% July 26
Jun
Pitts Screw & Bolt
46%
*65 Va
Jan
32
Ry
1,600
82
8%
23/4 Apr
8
32
May 20
19 Ve May 22
..No par
7%
Dec
2
com...
&
6%
Oct
29
—
preference
6%
7
l'/a Jan
Corp
;
Philip Morris & Co Ltd
Pitts Coke
Dec
45
Pitts C C & St Louis Ry Co
180
Va
Electric
27
50
Preferred
25%
56 Va
74 Va
Phila
Apr
4
preferred™——-.—.—No
Pnoenix
120
6
6
56%
190
*10%
101%
•
*24 3A
*1043A
S6
Oct
113/4
6
Phillips Jones Corp
.
*90%
25%
120
*165
*33%
94
*5%
56
13
98
47 Va
*5'A
*182'A
190
11%
120
*24%
*104%
5614
36
57%
5%
*90 Va
*34%
15%
*5'/«
*90%
*11%
*119
*111
4%
175
*4%
*4%
4934
89%
*16514
12
*70%
49'A
89
*92%
7>/a
*74
*182%
5
49%
90
'
74 Va
*11%
*165
5
49 Va
89%
98
47%
5%
55
49%
90 Va
*11 la
*90 %
*5%
49
*89
13
*5%
*90%
*5%
*53%
48%
90
100
3
2
Philco
82%
*1C9%
22%
48%
*87%
2
12
Brewing Co
No par
Phelps-Dodge
Corp
25
Philadelphia Co 6% preferred-,.—50
49'/a
2
15% Jan
Pfeiffer
23%
Nov
9
Jan
6
*
Petroleum Corp
7%
23 Va
21 '/a
.
105% Jan
17% Jan 22
..No par
7%
89
23
4
Jan
13A Jan
33 % Jan
13'A Jan
Pet Milk Co__
23%
7%
23
% Mar
1%
7
43% July
11 Va Oct
..
106
No par
preferred
49%
22%
1
5Va
8
Apr
3% Jan
Co
22%.
Nov
10
RR
Eastern
22%
16
Jan
148 Va
par
—No
Pere Marquette Ry Co
5% prior preferred
5%
7% Jan
101
Apr
15% Aug
Corp
Peoples G L & Coke
Pepsi-Cola
20
Apr
6% May 10
5
Oct
74
121
17% July 15
22
1
Corp
Peoples Drug Stores lnc—
&
2
4
2
Jan
par
8
Jan
9
45
par
.Oct
2% Jan
23 Va Jan
2
10
preferred
Peoria
3Ve Jan
159
12
2.50
Cement
Pennsylvania
5
100
Coke
&
Jan
Jan
No par
$7 conv pref ser A
Penn *G1 Sand Corp
100
58
57%
Coal
Penn-Dixie
200
10
-
Penn
148
35% Jan
par
No par
600
13,400
Vvf:
200
100
No
2,100
23%
19
Enterprises
9
27
Jan
1
Ford
&
Airlines
112
133/4
.No
Penn-Central
26%
28% May 24
119% Sep
9
Jan
1 »/
1,800
16'A
19 >. Jan
2
91% Jan 25
par
Mines—1
Co
2'/a
Nov
Nov
lnc—
& Co
Patino Mines &
Penick
Nov
24'A
34
lnc
Parmelee Transportation
"
21
Apr
100
Penney (J C)
41
*23%
'
8%
100
.
Jan
Apr
Parker Rust Proof Co.:
1,000
-
7
15%
;——.1
Consolidated
Davis
Oct
22%
No
15
*15
573A
*11
113A
'
25
Parke
*110%
6 vb
52
"
16
24
—10
Ref
Pictures
Tllford
Apr
30% Sep
—
lnc
1,700
2 Va
24%
'57%
%
55%
8%
27
2,800
/
23%
93'/a
*40
113
26%
*23%
Utah
200
15
16%
&
Park
•
*ii
11%
23%
2%
Park
;
1,600
93%
9 vb
,
*110%
53'A
12
50
:
Paramount
V
53/a
*54
V
41%
6%
*11
23%
'
300
Oct
9%
25% May 20
16% Jan 20
45'/eJuly20
No par
&
Oct
253/a
4
preferred
conv
2,000
23,000
•
•
ft.
18'A
5%
15%
*15
27
*6 Vb
5 l'/a
*18
553/a
94
*2%
23%
573/4
:
6%
513/4
23%
.9
110%
26%
31%
*40%
16%
"23%
1%
5%
*15
42
*15
32% ft:
4 %
Cos
6%
Apr
No
& Teleg
Prod.
Paraffine
Apr
5
preferredr
Panhandle
"
,
:ki
;
•
V
25%
3 l'/a
'
240
200
;"
;'7-
1%
18'A
93%
2%
*40%
105
31'A
*54
9
2%
42
;
'
Telep
4'/a
16
33
Pan. American Airways Corp
5
Pan-Amer Petrol & Transp
5
Panhandle East P L 5.60% pfd.100
•
2,300
25
5%
,
,
i
31%
*17%
5%
>
3'/a
1%
31
23%
'
....
15
Mar
6% Mar
6
29
July 23
23% Jan
Pacific Western Oil Corp
300
25%
1%
18%
5%
23%
23%
112
10
Packard Motor Car
12,200
Va
44
*101 %
2,700
.
32
*30
13/4
*94
"2%
*110%
25
32
1%
*43
10
25
13% July
No par
——..—100
Pacific Tin Consol'd Corp
1
300
3 Va
Va
105
*101%
25%
*30
11 l'/a
3'A
44
13
Co
Pacific Finance Corp (Cal)
Pacific Gas & Electric
10,600
v
14% Jan
6%
;.:■■■
11
55
Pacific
:ft.ft
32'A
13'A Apr
5
150
:>'/;/
3%
2
5
130
5
11%
111 Va
3%
*43
105
25 Va
32
111
3%
«
•V
.
7% Jan
6'/a Jan
23'/a Jan
Coast
.1st
Pacific Lighting Corp
Pacific Mills—t
2,600
,
15
31%
11
43%
vV/. "•'■■■'
3%
32%
11
112%
16
5
*14%
3%
31%
3'A
*101'/a
,
5%
15
11%
43%
26'A
*12%
.
32%
55 Va
*40'/a
*15
25%
95
15%
9%
253/4
31%
23%
*54 Va
25%
1 %
5%
23%
25
;
700
253/4
.
J 4,600
V
13A
18%
5 Va
*15 %
25 %
31
23%
23%
V
40%
*111%
105
*30
ftft\
29
40%
3'A
44
*101 Va
26
28 3/4
41
313/4
111 Va
3%
32%
1%
29
41
*11
11%
*43
105
*30%
32 Va
11 l'/a
3%
16
28%
41%
3%
31%
43%
*123/4
29
5%
*11
1113A
3%
43%
3Va
44
16
28%
15
3%
323/4
11%
112 va
•;
*1234
29
*156'/a
5Va
15
••
680
116%
158
25
5 Va
25
19%
41%
*157%
*101%
*187/a
28%
115 Va
3'/a
19%
.
8
—10
preferred non-cum
No par
2nd preferred non-cum...u.No par
Pacific
630
l
.
125
*40'/a
*12 3A
116 Va
43
19 Va
Pacific Amer Fisheries lnc
600
44
16
*115 Va
*111 Va
19
44
42
24 Va
32
18%
45
29
24%
*10%
9%
*44 %
45%
*43%
19
12
-
28%
413/4
3%
10
*41%
29
41
15
12
*9%
*123/4
16
29
•
12
9'/a
Aug 18
40% July 1
20% July
Jan
28% Nov
Volume
Number 4223
158
the commercial & financial
chronicle
1649
NEW YORK STOCK
LOW AND HIGH SALE
RECORD
PRICES
STOCKS
1
Saturday
Monday
Tuesday
Oct. 16
Oct. 18
Oct. 19
$
per share
16
$
16 %
share
per
16
111
*103
104%
104:%
20%
20%
20'a
■1312
*109
*
14
$
15%
15%
16
111
*110
111
104%
-103
105
2C''«
'
13%
14
13 Va
15%
10
/ft' 9%
9%
69%
70%
70%
8 %
8%
70
70
'
8'»
8%
93% !
26 Va
*109
104%
>102%
21 Va
20%
*13%
14
93
93%;
.26
70%
26
8
91%
*25
9%
69%
69
8%
8%
x91
9 Va
69%
69%
%
8%
923.4
26
8
93%
26
,26
91%
13%
13
13%
13 Va
13%
31%
31%
31
31'/a
17%
17%,,
*30%
17%
17%
17 %
17 Va
*17
*34
34%
*26%
■
28
*3 %
34%
82
18%
73
18%
*100'0
100'/a
87%
63 %
12 %
*12
91
9%
9%
28%
*13
100 %
83%
7%
7%
*13 %
87
*86%
*86
87
*86%
87
63
63
*62 3/4
12%
12%
12 Va
12%
91%
91%
91
9%
*9
28%
36 Va
*36%
13%
13%
13%
9%
9%
9%
10
9%
13%
13%
*13%
14
*13%
*7%
26
14%
15
33
8
8%
112%
7%
103'/a
*38%
39%
*110
111%
%
8%
*7%
8%
26'/8
25%
25 %
1,000
15 Va
15%
2,000
48%
*47
48 Va
*47
48
Is
2%
83%
*2Va
84%
84
17%
17%
14
17%
14
65
65
12%
*9%
9Va
50%
23
23
*3% ■■;:■'
*1%
27 %
■V
2
%
213A
*213,4
22%
84%
85%
847/a
85 Va
17%
4,500
17%
17%
17%
71
71
9Va
*9%
55
•
,57
23»/a
23
4
12%
*68%
9%
57
17%
14%
€7
12%
*12%
70%
9%
57
23%
17%
15
67%
70%
9%
22%
23%
23
23%
3%
3%
*3%
4
*3%
25%
25%
25%
26
1%
*lVfl
1%
*1 Va
1%
*1%
*25 3/4
*25%
1 Va
*25%
27
*25%
27%
11%
28,700
39%
1,400
11%
11%
12
39%
39%
40
19 Va
20%
20
20%
20
20%
23'%
*23
23%
23
23
343,
34
35%
18%
19
*22
23%
35 Va
34%
ll'A
*39
*22%
23 V3
*22 V2
23 %
21%
22%
21%
22
1318
13%
13 Va
13'%
13%
13%
13%
13%
4
4
4
12
38 V4
2%
Jun
20% July 14
101% May 24
86% Apr
6
*94%
4
4
4
3%
19%
20
23
34%
35%
6
4
36
22%
*22
22%
13%
13
13%
4
*3%
4
34% Feb
4
9
14
Sep
12
Jan
16
9
6
Sep
8
13
35
J an
100
4
115
Feb
16
107% Jan 23
112
Mar 23
Dec
16'A Jan
4
1%
26% Jun
1
10'/a
Apr
17 Va
4'A Jun
10
1%
Dec
No par
pref
Co
25%
26%
26 Ve
22%
223/8
22%
7
8
10% Jun
*50 Va
51%
*50%
51%
51
51
42'/a
42%
51
51
50%
*4 %
50%
51
4%
4%
4%
51
4%
438
*4%
4%
4%
*5%
6'A
*5%
6'A
*5%
6'A
*5%
6%
*5%
*53
60
"30 3'4
32
31%
253A
25 %
25%
*36%
57'%
65
*55
65
*55
32
32
32
32
32
253/4
26%
32%
32%
26
26%
900
26%
26%
26
26%
36%
7,400
*36%
36%
Vs
36%
36%
60
*59%
60
59%
59 %
37
*36%
36%
60
*59 Va
60
*59! a
6%
7
6%
7
6%
57
37%
57'A
57%
37 Va
112
37
37%
*1103/4
36%
112
*110%
57%
56
6%
6%
*113%
26%
♦111
*60
115%
*114
26%
114%
*60
•
116
26%
114%
*114
26%
27
114%
*111%
1
1
2%
2%
ft',/ 2%
32'%
32%
33
32%
35%
3534
35%
37%
36%
; 37%
37%
32
1
1 Va
ft, 37%
34%
34%
3 4-Vs
58
58'A
58 Va
58%
41%
*40%
41'A
'
6%
:* 29 3 a
29%
29
r64%
64'%
*64
6%
6%
6%
*1
3
37%
34%
*40%
...
2%
57
56
37
37%
*1103/4
*113%
116
27 Va
ftft
115
27
115
*111%
1 Va
*1
3
•
*113
27%
115
*111%
1 Va
57
Oct
20
30'A May
29
Jun
30
10 Va
Apr
18%
5
5
Apr
7
2Va
Jun
4%
16 Va Jan
2
28
No par
_10
No par
—No par
15
Steel
&
Iron
37%
37%
39%
38%
39%
38%
40%
23 %
10
19
19
15'A Jan
2
10 Va Jan
2 /
61%
61%
128%
128 »A
_
6%
6%
1734
3%
rt co
^09
70
18
64%
64%
"
*16
9
11%
61
16'A
11%
12
11%
12
11%
11%
11 Va
11%
10%
1,700
ll'/a
11
ll'A
2,400
*16
16%
16
9
9%
12
113/4
16
16
9'/a
12
9
11%
16
9'/a
8%
12
11%
9
$5.50 preferred
Spencer Kellogg & Sons
Sperry Corp (The)
Spicer Mfg Co
No par
No par
14
31
Dec
59
22
17%
July
Apr
24
Nov
Dec
31%
$3
Spiegel
5%
5%
53/4
5%
6%
6 3/8
6%
6
6%
18%
18%
*18
18
18%
18%
18%
18%
70
69%
70%
70%
70%
27'A
27
27
29
28 3A
28%
70 3A
18%
10,900
3,200
1,900
6,300
70%
70%
70%
26%
900
26%
*26%
26 Va
*28 3/4
1,300
29%
*28%
29%
300
*93/4
10%
26%
26%
*93,4
10%
*934
10%
*934
10%
*9%
26%
26%
26%
26%
26 Va
26%
26 Va
26%
26%
26'A
'A
•-
10%
*28%
61
10'A
26%
4
26
32 Va Oct
35 % Mar
1
24'% Jan
2
32% Jan
18
57
Jan
9
3,200
IV4 Apr
1% Nov
21%
15
37
Mar
60
Jan
2
7
64
Jan
6
preferred
100
109
Jan
28
No par
No par
49
Jan
10
Sep
20
2% Sep
29% Sep
27% Jun
42
Standard
Brands,
Inc
Noipar
$4.50 preferred
No
par
No par
No par
Standard Gas & El Co
$4 preferred—!
$6 cura prior preferred
$7
cum
No par
No par
prior preferred
No par
(4'% %
Sunray Oil Corp
cum)
Superior
Oil
of
—1
^
Sunshine Mining Co
Superheater Co (The)
Superior Oil Corp
Calif
Superior Steel Corp
Sutherland Paper Co
Sweets Co of Amer (The)
Swift & Co
100
Jan
%
2%
Oct
9
Jan
5
36
21
BVa May
11 Va
Jan
10 % Jan
5
40 % Oct
22
6
40
6% Oct
25
Jan
4
7
2
58 V2 July 30
7Va Jan
12
18
Mar
20
Apr
Sep 21
45% May 26
9 Va May
5
Dec
Nov
40
34%
Jan
66
42
Apr
62
Dec
May
14% Jun
1
7
July 12
Sep
10% May
13% Jun
5Va
Jan
8%
Nov
3Va Mar
4%
Jan
4
6% Nov
29
7
5
63 Va Mar 30
9
130
Sep
29
18
6
Oct
7% Apr
1
Apr
3% Jan
43
Apr
116%
Apr
6%
55%
128
Nov
Jan
Dec
18
2
3% Jan
12% Jan
2
1
lVa Jan
2
58% Feb
47 :■
Apr
14
5% Oct
Dec
Dec
xl7
6
Dec
29
25%
2
6
1
30% Apr
Jan
29%
22%
2
Apr
,
13%
Oct
31 Va Mar 31
18
5% Jan
May
60
Oct
48 Va Jan
Apr:
8
4% Jan
122
Oct
38% July 14
5% Jan
16
10c
25
110
Apr
No par
j
89% May
14
Sep
37 Va Jan
20
Jan
Jan
A
2
par
1
113
V2
%
46 Va Jan
No
Feb
49
6% Mar 13
25
—
Jan
Apr
109 Va Aug
4
8
1
b% prior preferred
Stone & Webster
40%
114
1% Jan
12
5
Jan
Dec
2V4 Mar 13
28% Jan
1
28% Sep
Jan
38%
2
25
Sterling Drug Inc
Stewart-Warner Corp
Stokely Bros & Co Inc
Class A pfd
115 Va July 30
108
4Va
45 Va
A Jan
28 Va Jan
No par
10
13
25
Sep 27
100% Jan
7
25
Standard Oil of Ohio
Sep
17
Feb
No par
Standard Steel Spring
Starrett Co (The) L S
8% Sep 22
July 14
116 Va July 13
70
July 31
117
Aug 20
113
Jan
Sep
Jan
$5 pref series A
Feb
Mar
3
conv
3%
49
35 Va Jan
No
Oct
Aug
30
33
preferred
3
60
2
$4.50
39
50% Mar
44'A July 24
par
1
Conv
Square D Co
Sun Oil Co
6%
'
*128%
Jan
21% Jan
33
No par
preferred A
Inc
66
6% Sep
57 Va Sep
No par
conv
Studebaker Corp (The)
6%
18
70
6%
1651.
6
3,600
6%
62
129
Feb
2% Jan
7,700
6
Nov
18%
1
11%
62
129
5%
61
500
3,500
Jan
18'/a
Jan
61
61%
128%
6
*128 V2
800
12'/a
Jun
12% May
Jun
129
61
129
5%
29
500
63%
*128%
26
200
11,200
63%
29%
page
7 Va
29
64%
26%
see
41
64'A
*9%
For footnotes
IVo
29
64'A
*25%
26
*40%
7%
29
Apr
10
5
23%
41
7Va
9%
5
34%
41
29
Nov
Apr
5
41 Vb
7%
11
Jan
21Va
14%
5
41V8
29%
6
Jan
144%
30
41'/a
7Va
17'A Jun
122 Vt Nov
Apr
Standard Oil of Calif
*29
Jan
6 Va Jun
Standard Oil of Indiana
Y
Standard Oil of New Jersey
73/8
Jun
6
11,700
29-74
Dec
2%
15%
26%
1% Mar
14
Apr
9
12,900
7
Nov
10 %
12
23,700
*28'%
*28%
28,600
Jan
15 Va
2% Jan
tr ctfs
34%
—
*69%
6,900
1
20%
Apr
6 Va Mar
9
42 Va Jan
stk
58 Va
3%
*69%
3,800
Apr
49% May
7
Oct
35 % Jan
Ohio
&
333A
*40%
25
—100
preferred
30'A
15'A July
6
14% Sep
57%
37%
2
July
30% May
30% Apr
33%
6
5%
"
6%
3%
37
21VaJan
149 %
2
573/4
37%
15
10% Jan 13
33 Va
•ft 36%
2
Jan
15% Jan
15% Jan
56%
37%
20 '/a Jan
132
Dec
Nov
Apr
'
5
Apr
6
28% July 26
30% Sep
8
No par
343/8
373/B
2
11
No par
Railway
58%
12
62
25
7.50
34%
ll'A
_
100
2V4 Jan
1%
—
15 »A July 15
16% Jan
Dec
July 20
par
1
Dec
Jan
27
193/a
24% July 19
39% July 16
25 'A Jun 10
Sugar—No par
58%
11
130
3
Jan
Aug
17
203/a Aug
18
15
preferred
58%
11%
58%
Rico
37%
11%
♦128'%
200
1,400
35%
12
9 Va
6,900
1
353/a
1% Feb
27
July 13
Xl3'/a July 14
45% Sep 22
7
34%
293/4
11%
27%
113
1
3%
2
16
'
210
113
36
3Va
Jan
18'/a Aug
34%
64%
16
/
1
35
11
9
115
July 15
10'A May 21
28% Jan 11
22 3% Aug
5%
116
21V*
21
35
ll7/a May
7/a Apr
May 29
20
37%
29
11%
27%
1
par
58'/«
-
64 %
16
115
35%
11%
9
115
!x
Dec
Nov
7% Nov
4
Squibb (E R) & Sons
65
9%
66
100
112
65
Apr
4Vi Mar
Dec
Jan
No par
1,230
33%
11%
11%
1
5,800
•
14
preferred
Mobile
60
2,200
33%
12
16%
27%
6 3'4
'
55%
*62%
112
200
;
37
363A
*11034
3%
12
9
*62%
52%
2%
11%
11%
•
65
6%
56
38
112
*60%
—
*55
6%
37%
'
*16
65
*11034
37%
112
'
*60
6%
32
65
*59'/a
58
37%
*110%
*5%
6%
Apr
54Va
5
11
23/8 Jan
Petroleum——
non-cum
60
31 % Jan
No
5%
Dec
47/a
Sparks Withington
Spear & Co
240
1,700
52
17% Jan
Southern
1,500
43/8
31%
'
7
43/a
•
*54
*36'%
60
67a
4%:
26%
*54
38
60
•
25%
ll'A
10% Nov
5
/
Nov
Jan
Apr
1
8
62%
4 Va
8
15
Southern Pacific Co
7,200
42%
4
20
5% Jan
South Am Gold & Platinum
'18,800
22%
42%
Jan
8% Jan
43% May
20
64% Jan
Southern Natural Gas Co
23%
54
Sep
18% Sep 25
17% July 6
73% July 26
7
16% May
73 % May
Southern California Edison
26%
Jan
Sep
Dec
33/a Mar
—No par
1,600
43
9
90
No par
A
ser
Pen
4,100
26%
2
No par
No par
.
14
23
Feb
Jun
%
23%
43
Dec
A
Va
1
14
26%
113'A
1
23%
42%
Jan
Mar
14 Va'.
23%
Jan
Oct
Dec
116
4'/a Mar
14
26'/0
106'/a
Dec
98
39
2
14%
223/a
May
Apr
109 Va Aug
Jan
2
14 Va
42%
78
25'/a
19%
21%
2
220
23%
Apr
May
142
43
Jan
Jan
123A
111
*140
263/8
44
110
373A Apr 19
1073/4 July 24
1
Sep
Sep
Sep
7%
10
A Jan
23%
25%
Jan
A Nov
Apr
12
Feb
142
42'%
34%
% Jan
23%
22%
Nov
par
24
26%
Nov
Jun
193/4 Jan
No par
23%
23
29%
104
Dec
43
Southeastern Greyhound Lines.—5
42'%
Jan
*93/a
9
South
22%
Dec
13%
47%
Jan
5
17
bep
15
1,100
42 Va
2
,/
12% Mar 26
Jan
2,200
V
114
Jan
28%
:
9% Nov
6% Nov
21%
Jan
11
96
29
14%
Jan
Jan
5% Oct
27% Jan
1V8
47'A July 24
7
May
Sep
38
28%
14%
Feb
A
8
100
29
14%
8%
85%
Jan
23
Mar 11
Mar
No par
No par
28%
14'%
7
5
29
14!%
7
105% Jan
5
Jan
Jan
1
28%
1438
74
Jan
7
May
34% May
9
36% Mar 30
4
Oct
129% Mar
1
King Coalition Mines
8%
7%
Jan
9"
16
28
1% Mar
28%
140
50% Aug
3 Va Mar
28%
142
18% Jun
2
28
142
6
4
2
28%
23%
11% Jan
6
28%
142%
86%
54
3%
1
A Jan
28%
142%
Apr
Jan
100% Mar
6% Apr
6% Apr
8
43
Jan
19
Dec
31% Nov
4
9% May
Oct
28
Va Jan
28
x23%
17% May
2
7
100
(Frank G)
Porto
*20
Dec
Nov
5%
18
28 V* Jan
28%
24'/«
5% Jan
20 % Jan
„100
Socony Vacuum Oil Co Inc„
2,300
Apr
3% Mar
July 19
7
8
Jan
May
% May
75 Va
39% July 21
12% Sep
28
253/,
80
11% July 13
32% Jun
2
28
142 Va
6
2
7
28'%
23%
15% July 19
93% Jun
1
7JA Jan
2
27 %
142'/a
54
2
27 %
24 Va
20
Jan
27
24
18
Feb
5% Jan
28
%
Feb
Feb
71%
Sep
Jun
Dec
49
Dec
4% Jun
78 Va July
98
70
Smith (A O) Corp
Smith & Corona Typewriter-No
36,400
3%
7
9
IS
13
$1.20
1,700
12%
9 Va Apr
13%
Sep
10 Va Jan
Skelly Oil Co
Sloss-Sheffield
i 6,700
*21%
4
6
Mar
70
623/, Sen
25'A Jan
28
143
5% Jan
85
100
Slmonds Saw & Steel
140
35%
2
73% Jan
No par
Sinclair Oil Corp—
780
23
'
Jan
95 Va Jan
26
*141
14
*55
Dec
7%
Jan
6
100
Simmons Co
200
11%
39%
11%
39%
34
22
1
JSimms
11%
11%
40
*22%
1,400
Dec
10% Apr
No par
No par
Silver
500
39%
11%
19
4
13
87% Oct
7% Jan
Shell Union Oil
1%
27%
4,300
25%
1'%
27
*
25%
..:
Dec
59% Jun
5
(W A)
16
5
8
conv
22
6
4
12
$3.50
Apr
Dec
10% Mar
7'A May
4
Jan
Shattuck
Nov
11
2
59 % Jan
Sheaffer
Sep
3%
70
4'A Jan
9
J__No
23%
Jan
6
19% Jun
May
1% Jan
69% Jan
No par
140
20
Dec
39
preferred-—.100
non-cum
100
%
May
10
Francisco
Sharpe & Dohme
200
9%
25%
40
23 %
70%
*9%
20
20
Sharon Steel Corp
$5 conv preferred
6,100
25%
11%
33 Va
12%
5
4
Jan
Sears Roebuck & Co__,
Servel Inc
190
57
40
19
12
5
42% Jan
Seagrave Corp
1,200
57
11%
32
14%
67 Va
57
40
*22%
Jan
1*V8 Jan
J
Seaboard Oil Co of Del
9,100
*68%
26 Va
6
.
non-cum
4-2%
1,200
85%
13
*3%
22%
25%
26
8
10
Louis-San
tSeaboard Air Line
300
84%
12%
23 V4
40
5,300
IS
2
200
13 Va
* 1 Va
Jan
No par
$4.50 preferred
$4 preferred
I 9
Tif
*1%
2%
15
4
110
Is
It!
1%
*2%
*66
23'%
'
600
111
110
1:»
1,100
38
*1093/4
2%
15 Va
*9%
4,500
2%
66%
52 Va
34%
2%
15 '/a
12%
3,200
'
*2 Va
17%
71
ft
A 38
...
1%
66%
9Va
*25
V":
%
22 V2
2
14%
*3%
VA
*26
13
22 Va
66 Va
53
23%
4
25%
111
14
13%
*50 Va
25%
110
66
*9%
50%
110%
85'%
71
*68%
20
Jun
1
Safeway Stores
5% preferred
Savage Arms Corp
Schenley Distillers Corp
5 '/a % preferred
Scott Paper Co
200
8'/a
105 ft 105
39
111
110%
170
Nov
1
B
preferred—
ISt Louis Southwestern
5% non-cum preferred
1,500
112
8
34
104
38'A
109%
9%
Nov
18
5% Apr 29
76% Sep 11
86% July 27
13% Sep 20
Antelope Copper Mines
(The)
No par
6%
15%
28%
34% Oct
30
...100
Joseph Lead
tSt
600
20
44
111%
.ft
34%
40
14 Va
13 Va
71
8
104
5%
*9
111
3
17%
5%
112
St
1,200
.
1,800
44
8
66
65 Va
/
9%
34
104
%
1
43%
112
U
85
17%
*14
13V«
*69%
85
*9
43%
■■"-lui..
32%
%
,
.
5%
40
2
*2%
3
*4%
34%
21%
v
*2 %
32%
%
1%
*110
;
111%
21%
Ca) to
%
1
8%
*103 Va
39 Va
211
21 Va
112%
8
33%
111
*110
2
*1%
112%
103%
39 Va
*110
9%
43%
8
J ;jr.
%
21 Va
*9
34
103%
5%
43%
112%
8
*32%
9
IS
l'/B
*4%
44
33
32%
*%
1 Va
if
5Va
9///-
112%
39 Va
32%
0
1
1
9
111 %
%
2
32%
Va
48%
Feb
11 Va Apr
23% May
2
20
100
Rustless Iron & Steel Corp
$2.50 conv preferred
*47
26%
Aug 24
22% May 5
8
Ruberoid Co
15%
44
111
*110
22 V2
*1%
*21%
*7%
Va
Dec
No par
2534
Roan
Dec
12
No par
*14'/a
-
22
32
10
8%
*4%
103%
*110%
100
54%
Jan
6
7% Jun
23% July
14
;!«!!/;
15 %
8
*38 %
112
2,100
14
Jun
15 Va
22
__
Mfg Co
Richfield Oil Corp
Ritter Company
2534
1
32%
103%
Common
Rheem
*7%
*32%
112%
32
10
200
*13%
%'■
14
'
10
25%
9
7%
32
13%
9%
*14%
i .v
44%
*112
77/a
32
37
*13
9%
34%
3% Jan
—iL.100
8%
*47
5
44
*36 Va
13%
99% July 14
29% Jun
7
15'/a Jun 26
100
preferred
15%
v
*
44
37
*13
conv
Reynolds Spring
Reynolds <R J) Tob class
6,200
Dec
2
__LNo par
253'4
1 Va
5
*36%
13%
5%%
Co
Dec
Dec
3%
25
—
15
•
5
37
preferred
Reynolds Metals
800
.
7
5
59%
7
66 % Jan
—No par
10O
*7%
33%
1 Va
'
28%
Oct
Apr
2
100
preferred
prior pfd ser A
25%
%
48%
Ml'
1 Va
*7%
.
*47
33%
44
8%
X28 %
2,000
46Va Mar
1
263«Jan
No par
preferred—
5V*%
90
160
91,
9l
9
293/a
7%
120
12%
91
9'/a
36%
14
87
conv
conv
2% Mar
2
1
Revere Copper Si Brass
900
63%
91%
*9
28%
9%
*25%
*4
9%
29%
13%
14%
.
91
*9
29
37
26%
■!
91
9%
29 %
28%
*86%
12
6%
6%
400
7%
*623/4
"
350
85
4
71% Oct
14% Jan
/
1
Motors, Inc
Republic Steel Corp
26,200
100%
7%
63'/a
12%
..
18
85
7'/a
91%
*13%
*100'/8
85
87
9%
48 %
100%
73/8
63
143.!
,
100 Va
*84%
73/8
8%
173/4
12 Va
*26%
h
84
7%
533%
8%
10%
lOVsJun
223A Jan
Reo
63
8%
'
100 Va
84
*13
.
14
600
*53
8%
63%
12%
■!;
*7%
*47
100 %
*36%
9%
Preferred with warrants
Rensselaer & Saratoga RR
18
8V4 Mar
Jan
21
No par
10
300
55
17%
14% Nov
12% May
54'A Jan
100
87%
*8%
%
(Robt) & Co 1st pfd
Reliable Stores Corp
Reliance Mfg Co
Remington-Rand
87 Va
*53
Dec
9% Mar
2
5
3,400
87 3/4
100 Va
13
Jun
ll'A Jan
26'/a Jan
...50
Hosiery
Preferred
18
2
100
Rels
•
July 23
V8 July 16
4
Jan
3% Jan
preferred-—.50
15%
*87
100 %
preferred—
153/a
55
*53
Real Silk
4% Jan
59
No par
1
15%
87
8%
28%
13%
9%
*17%
18%
*9
28%
37
%
100
200
7
14% July 14
50
2nd
4%
*11%
18
•15%
8%
91%
*36%
12%
*17%
18 Va
87
91
*11%
18
15%
8%
7%
1st
non-cum
'
18%
83
non-cum
4'?<>
69 Va
4
Reading Company
78
Dec
10% Jan
25
4%
*3%
Dec
•92%
22
preferred
200
*68
11%
106%
2
100
_
400
*75
13
15 %
900
Inc
343/t
78
8%
*62 %
*12
4%
preferred
Raybestos Manhattan
$2
Apr
90% May
80 Va
2
1
conv
Rayonier
Highest
$ per share
107 '/a
3
92 Va Jan
13% Jan
10
1942
19% July 19
114'A July 22
104% Feb
—No par
1st preferred—No
par
27%?%,
69
83 %
*62%
27 Va
*3%
17%
7%
*87
*32%
6%
800
*68
8%
*82
173/4
27%
'
14
per share
/kf:
r
conv
$ per share
100
—Wo
Corp of Amer
$3.50
4,400
"17'/a
'i-
Radio
Jan
Year
Lowest
par
—
Radlo-Keith-Orpheum
900
13%
31
343/4
27%
26'/a
13%
*75
*17 Va
15 Va
53%
26%
*30%
17
18%
*100%
%
18%
15%
*53
1,800
78
*11%
86
91%
70%
68
86
1,100
19,000
11
100
preferred—
Quaker State Oil Ref Corp—
10,700
91
13%
*33
4 Va
*75
*17%
*84
53%
.
17
7%
12
15%
*8%
*3%
78
72%
*11%
86
*52
8%
17%
33/4
*75
*72
ft-;/
12%
15'/a
53%
8%
33/4
•
78
*84
17%
83
$ 4%,
9%
69%
8'/a
31
17
27
*17%
86
7%
34
27
*11%
15%
*84
*82
34
27 '/a
72%
*15
*53
34%
*27%
*75
12%
*17%
*33%
27 %
*3%
•
73
*11%
34%
27%
4%
*75
*70 > 'a
173i
9%
26 %
13%
31%
*110%
preferred
conv
Purity Bakeries Corp—
300
69%
92%
*25%
12%
-
V
8 3/8
31%
102%
14
J per share
—No par
5%
;2oo
1,800
Range for Previous
Range Since January 1
Lowest
Highest
(The)
6%
'
21%
14
9%
9%
STOCK
Par
Pure Oil
10,300
104
21
14
YORK
EXCHANGE
111
*103
13 Va
112%
16%
21 Va
31%
%
15%
104%
Va
13
*
16 Va
111
31%
*
NEW
Shares
*110
14
1<?%
9%
"
V 93%
33!
$ per share
111
21
for
the Week
##!%
9%
■? *1
Sales
Oct. 23
$ per share
16 %
104%
13
Friday
Oct. n
per share
*109
,20% ' 21
■
Thursday
Oct. 20
S per share
16%
*108.'a
Wednesday
23
22
4 V4
82
May 28
May 10
May
23
July 24
14% Jan
20
10
26% Jan
4
33
12%
4% Feb
1
25
22 Va Jan
2
12% Jun
27% Jun
1
Apr
5%
Jan
15 Va
Jan
1%
Jan
7
32 Vt July
100
"3% May"
11 Va May
5
2
9% May
17%
Feb
3% May
20
Sep
16%
Dec
26%
Dec
4% Aug
25
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
1650
SALE PRICES
AND HIGH
LOW
STOCKS
Monday, October 25, 1943
//%%/%%/:
■
Range for Previous
"
Monday
$
Oct. 19
$ per
per share
Wednesday
Tuesday
Oct. 18
Saturday
Oct. i<;
S
share
per
5 per
share
Frldav
Thursday
Oct. 20
Oct. 21
share
Sales
Oct. 22
5 per share
for
NEW7 YORK
S per share
STOCK
Range Since January 1
Lowest
1
Highest
EXCHANGE
the Week
it'' vVvv;'V..;:/
Shares
t per share
Par
3i%
31%
31
31%
31
31
30%
31
30 3
4
31
31
31
2,300
Swift International Ltd
29%
29%*
30
30%;
30
30'a
3034
307-i
29%
30
29%
29 7 i,
4,100
Sylvania Elec Prod's Inc
6%
63«
63B
6%
6 Vb
3,000
6%
63s
634
0%
61
6%
!-,
6!
29
Jan
par
22% Feb
8
Symington Gould Corp————_1
4%. Jan
2
5% Jan
$ per share
8
25
No
Year
1012
Highest
Lowest.
$ per share
Apr 22
35% July
8
8% May 20
$ per
sha,re
19l4 Mar
..
2914 Nov
15% Aug
35 la
25%
Dec
3% Aug
5%
Jan
;
T
«tx
7
7%
-*7
.
43
'
7%%V:
-
*4%
4%.
13%
11%
48%
49
*42
*7
8
*42
43
43
4% %
*4 %
11
10 3 4
4914
49
714
7% '
.v.
-
4%
*10%
4914
49
■
43
4%
11
10%
7:
;
*42
4%
4%
•
7
43
*42
49 In
*4,:>
10%
49%
.
5% '
5%
37%
5%
514
5%
5%
37%
36%
37%
36%
36 %
15%
15%
15%
15%
15%
15%
30%:
21%
13%:
*
101.,
10
10%
10
10:
*10
21%'
21%
21%
22'
*2214.
13%
*1314
50%
5014
13%
5014
94
8%
': *o
48%
:
8%
*46
49
48%
2,200
7,400
Texas Gulf
5'a
5 In
5%
36 5 k
363-t
36%
36%
3,100
Texas Gulf
15%
15%
15%
15 3 n
2,300
Texas Pacific Coal
10
10%
10
10 V9
2,200
Texas Pacific Land Trust
21%
22
1,300
Texas & Pacific
1,400
Thatcher
i: ,Uo%
6*
22 %■
13'
.
*46
13%
*50 %
51
6%
87„
47
:
50%
*5%
9
*46'
133
50%
97
6"'it
47
&
16,400
Thermoid
5% Mar 16
8% Jan
8
13aa Mav 29
41% Jan
2
53% July 14
30
2»
2
Apr
28
Apr
37%
Oct
May
4Va Apr
7% Jan
8%
Dec
-814
Dec
No
—
5
*12
5%
14
30%
30%
30 7
*'218
2%
20%
14
23(,
14
30 3 4
23i,
214
20%
*20%
201
13 3,
14
*13
5%
5
30 3
30 "a
214
13%
5
14
*13
2014
14"
13%
5 %--%
5-' V
30%,
30%
214
20
20
14
13%
30%
2%
ft
*13
14
*13
*19%
"-■-ft
5%
214-
3 Va Jan
4
6% July 14
41% July 13
8% Jan
5
18
7% Jan
7
14
13%
100%
100%
100%
100%.
300%
100%
28%
2714
28%
27 3:,
27%
27%
27:%
46%
46%
46%
46 %
40%
47%
46%
47%
4714
8%
8%
8%
8%
8%
8%;
8%
8%
8%
*21V,
21%
21%
21%
21%
21%
*12%
14
,:,3%
*82
84%
83
%
3%
83
*13
13
13
3%
3%
22
*21%
..
14
*12%
3'!>i
"
17%> Jan
35
83
83 14
83
,
83'4
Tide Water Associated Oil—
9,200
$4.50
1,690
33% Jan
40% Jan
20
63'8 Jan
4
,-5
15% Jan
27
,-No par
11% Jan
lis Jan
5
22
21%
21%
Transamerlca Corp—
Transcont'l & West Air Inc_
*13%
3%
-
83%
3%
83%
3%
83
Detroit
Axle
210
Trr-Continental Corp—
$6 preferred——
900
83
,
__^10
—
Transue & Williams St'l
Truax-Ti'aer
6,400
.
■
26% Jun
„2
Timken Roller Bearing-
3,400
2,400
Jan
_1
>
69
—IVo par
50
July
7
10% May
30%
21%.
30%
30%
101
101
7
8%
8%
9
22%
*100%
7
*8%.
2214
211,,
30%
291 i,
101
101
6%
6%
8%
:
101
,'
7%
-
73 k
*21 %
30
100%.
22
29%
101
101
8%."'.-
8%
8"k
22
29%
101
7 In
V'--
g3j.
.
213»
30
29%
30';;
...
22
21%
101
6%
834
834
,
22%
6%
7
'
29%
1003
■
$1.50
pnfexred——
$4.50
prior pfd——
8
Jan
6%
6%
75%
*74%
75%
74%
74%
9%
97(!
97!;
*9%
10
Twin
1,600
v
75%
74
75%
747u
10
*9%
10
*9%
10
53 %
531 y
53'/4
54
53
743:,:
75
,:-9%
.
97
8
420
7%
200
.
Twin
Co_.
Jun
17% July
27Va
Jan
1% Nov
Ji Mar
8 V*
15%
Jan
Nov
8
Jun
85
Mar
97
Dec
22'
May
34 V8
Jan
31% May
10%
Feb
43 V*
Jan
Jan
4
6%
Dec
7% May
18 %
8%
12% Mar
Jan
% Mar
8
2V»
Dec
Nov
May 25
56 %
Jun
71
Nov
5%
Jun
7
Vb Aug
7%
Jan
16
34% July 14
101
-Oct
19% Jan
Oct
26%
Nov
13
9% Jun
1
Jan
77% Jun
18
6% Jan
1
5%
3% Sep
9 Ik Dec
8
4% Jan
67
—
Coach
Feb
21k July
9%,May 4
24% July 15
Jan
99% Sep
City. Rapid Transit.. —...No par
preferred—
100
'
74%
25
Jan
34%
6
90
12% Jan
—_No par
—No Par
Dec
Jan
30
4%
25% July
'
500
v
Mar
'/a
Apr
16% Apr
4% May
.
6% Jan
Corp——No par
5,500
,
a
Corp—4_„—No par
20th Ceri Fox Film
4.400
■
Oct
Jan
Jun
3
52
Jan
3%
5
'
*8%
21%
9%
42
2 Vb May
10
15% July 14
103% May 26
34% Mar 31
12
24Tk
Sep
Nov
41
July 23
33% Jun
4
3 V Mar 18
1% Jan
16
No par
1,400
•■'
26% Feb
4
8%
.
15
14
47%
•■•:
Jan
9% Jan
8%
V
May 27
6% May 24
8% Jan
par
4
18
49
26% Sep
47%,
■
3
Oct
Dec
3% Nov
5
5
Oct
9% Jan
42 %
Apr
34%
Nov
4
7% May
July 12
9% Sep
941-2 Jan
Timken
.
95
„_10
3,100
14
8
6
preferred———No par
conv
27%
14
31
.;
13%
1001
27 3 a
Apr
l'/a Mar
July 22
517e Aug 19
.
Jan
Corp,_No par
8%
*13
3"l!
13a«
100%
'•
8
Jan
4
—10
$3.50 cum preferred-i—N(
600
5 5
52
,
-
2,800
.
12
Jan
2% Jan
par
Thompson (J R)
—„25
Thompson Products JV
-No par
Thompson-Starrett Co4—No par
4,500
'
%
7
6'4 Jan
•
par
l
47%
21%
I4
43%
3-;),
%
23k
20
20
13%
100%
28
100%
100
Avenue Transit
32
13% July 14
28 % July
8
13% Oct 19
—
'
28
100 Jk
31
-,2%
,
20%
28
3001k
33
31
31
2%
20
a
13
Third
1,600
3
36% Oct
'
4%
Apr
par
100
Co—
45
par
—100
„_Nc par
"preferred™_No
S3 div conv preferred-
30
9
__1
Ry Co
Mfg Co
%
conv
2
Jan
_10
Oil__
Preferred
120
46*
4<i
Producing-/—2__.No
Sulphur—No
The Fair—
900
-V
9
87n :
$3.60
180
;
97
*92%
»
2,700
22
*13
6%
*5;,o
*92%
9
5%
;
22
*13
4 97
a
834
46%
.
n
50';-
a
*92 J
:
35
Jan
3
25
—
1ft''.,
,s-5
5% Nov
Apr
35
5
5
37 In
8?',t
*45
46%.
11
11
4
8% Jun 24
50
r_
—1
Telautograph Corp___
Tennessee Corp
Texas Co (The)
400
514
151-t-
97
8%
:
49'.,
•
.
9
51/2 %■' partic preferred
4-%
041
11
Talcott Inc (James)
300
■
43
36%
•
ft1',.
*92%
95
8%,
47
13%
*50
6
*5%
8%
*45%
22
13%
50%
95
5%
*92%
13%
50%
5%
*50
,
4aii
1034
'
7%
*7%
*42
.
11% Jun
10
1% Jan
21%
6
Nov
Jan
78% Nov
5 % May
7% Nov
yvivt: u
53%
53
53 %
53 34
54
53 7k
53 %;
9%
94;
9%
10
10
10%
10
10 3 a
10
10 3
80%
8034
80 'V
80' V
81
80%
81
803,
81
80%
81
116',a
'■
*116 3a
9
9%
80%
114
90
116 3,
*1163,
114
*
20
20
19%
20
2,600
Union Oil of California
98
97%
97%
98
98 3 »
2,300
Union Pacific RR Co——
98
98 3-4
9834
98
96 '4
*96
97
96%
96%
97
97
97
427
27%
*27
27%-
2734
27%
27%
27%
26 7
30
30 '.4
304;
3034
30%
303a
30%
30%
104%
104 T»
104%
104'%
"104%
104 7 a
25 7a
104%
104%
105
25%
2614
25%
26%
25 34
201V
20 %
*20%
2134
*20%
114
114
*62
64
*62
*25
26
*25'/2
25%
26%
*20%
21
'114
*11332
20%
"62
26
*25'V
114
1%
1%
134
34 7b
35',8
3434
3534
6
14
14
TH
8%
8
8'4
28 %
28 V,
74
74
34
64
*62
26
*24
26
*25
74
2%
24V,
2%
24%
25 '
8
*3%
4%
*3%
9 'a
9%
9%
95
15%
15%
74
74
*15*8
*73
*177%
9
8%
*41%
35%
5%
*5%
5%
16
16%
.112
16%
%
2%
t
21 h
2%
7%
23„
2%
8
934
95 3 V
95%
*953'4
9534
953a
963a
963a
170
15%
15 31
15%
*15%
15%
*15%
15%
300
U S
Freight Co—
753a
1,900
;
eo
U S
3.300
U
73
%i
75
8%
9
834
*40
5%
53o
16 3 4
16%
*112
9%
93
4
75%/"-
*177%
9%
9%
179%.;.'
9%
42%
42%
%
36%
36%
36 %
53k
5%
5%
53a
17 3
173/4
17%
112%
312%
4
6%
9'4
*33%
*39%;
403
39
*38%
40
17'i,
33
393
9%
33%.
3.9%
36 7
33
•:V
42 V:
5%
*16%
17%
9%
-.
7
43 1
53%
42%
a
*71%
52%
124
125
53 3 4
.
53%
21%
43
52%
40
*3%
y%
21%
46
3%
*3%
2=%
*83
2%
85%
*15'.;.
;
1(5
-
,
*83
16
21%
*45
3!;:
*3%
27k
234
*83
85%
16
*33.,
4 %
*3%
34%
33%
33%
69!
69%
69
*15%
41 k
*33 %
69
*162
162
—
*19%
9%
*35%
♦120
20
.19 71.
9%
10
36
*35%
123
*120
4
*33 Vg
*68
*
162
19%
44
*61
70
*61
*23 3 a
24
120 "
.
*39':,
40
"
43 3a
45
3%
27
3%
16%
22
*16
17
4 !k
*162
.
*19%
20%
10 3
30
123
43%
*120
44
*60
70
220
.
*119
'41%
42%.
40
35
35
35
*102
106
39%
35
106
35'.4
-102
*
*143
33
23
3%
J43
70
*162
20
10%
*36
*120
43%
20
*39%
No
—2
No
Leaf. Tob
*60
3'n
3%
3%
:
3%
50
50
*119
120
*119
*40
41
*40
42
39%
35
39%
35
.
35
*102
106
39%
35%
*102
-
40
33%
'
-
/
.
6%
Dec
1
Mar
46 "4 Sep
62
.
73
May
20
Oct
7
15
59% July 15
July 19
Apr
50 % Aug
3 3'4
6
5
13'/a
39% Mar
24
Oct
4
Oct
6
% Apr
34% May
'14% Jan
23
20% July
2
12
July
6% July
.
7
41
May
142
Apr
1% Oct
2
13
Jan
46% Jan
.
3
4
Sep
150
.July
Jan
15% Jan
9
75% July
162
12
Sep
25% July 15
4
25
21
14% Jun
7%
19
118
Jun
12
44
% Oct
6
30
Aug 28
2Vi Jan
65
67% May
26% Feb
6% July
4
68 %
39
Jan
5
116
Jan
15
xl23
20% Jan
14
45
27
25
July
6
15
1
1
Aug 30
Oct
1
Jun
Mar
112% Jan
Mar 15
40Ik May 26
115
1
Oct
60%
Dec
15% Nov
41% July 16
9
15
61
Oct.
152% Dec
20%
Jan
11% Mar
26
Dec
116'4 July
May
42
50
July
Sep
18% May
55
Jan
55
60
Nov
25%
Jan
1
Dec
Jan
2%
Jan
40%
Oct
110% May
117%
Dec
22'/a
14
Jan
Oct
21% Nov
x39% Sep
22
24
35% Sep
8
26
Apr
May
Aug 18
70
Jun
96
Ik Mar
120
Mar
138
Jan
Jan
14
29'4 Jan
2
100
80
Jan
8
110
113
Jan
26
148
Jun
100
;
Detinning Co
% May
July 19
Jan
55% Jan
119% Jan
Apr
6
Jan
71
Apr
44% May
Dec
Dec
5114
58
87
100
preferred
2714
103%
Mar
Jun
12 % Feb
100
13% May
37% Apr
13
25
pfd
Va Aug
54
Dec
3014 Aug
Apr
107'%
37 Va Oct
No par
Virginian Ry Co
Vulcan
29%
32%
7
Chemical——No par
div partic preferred
-100
Va El & Pow $6 pref—
Va Iron Coal & Coke 5%
'
May
26% May
11
5
;
22
20
8% Jan
5
Oct
Jun
9
25% Jan
100
141k
114
2
Jan
par
Va-Carolina
400
.
—-J
4% Julv
10
129% July 23
•
15
1,300
'
July
3% May 10
22
170
106
9% Jun
-2.50
Co
Sep
Jan
Apr
% Jan i 5
.
56
Feb
6^
Jan
29
Jan
preferred
41
34%
Jan
4
57
1.800
7
99
'8
59% Jan
—No par
:
Jan
7
5
Co
Dec
Dec
6% Jan
24% Apr
2%
Jan
64-
174%
•4% Apr
34%
Oct
Feb
11%
May
8
42Va Jan
51
120
•
8
159
114 Oct
22% July 31
1,700
50
17
87
6V< May
40% May
197B Apr
21% Jan
Vicks Shreve & Pac .Ry100
5%
non-cum preferred—100
24
Apr
125
Victor Chemical Works
70'
77%
26
8
400
65
*61
'/f Sep 20
.7% Apr
7
Vick Chemical
1st
Feb
Dec
4314 Sep
13
Van Raalte Co Inc
7 v'o
*23%
Corp of Am
Norman
4%
5%
X42% July 14
Jan
900
43%
50
100
•
Van
16%
Apr
934 Mar 25
5
4
33
—100
Jan
Apr
181 Va Apr
' 8
400
-
123
24
par
Feb
72%
8% July 19
Jan
1% Jan
Sep
35
Sep
2
par
No
preferred
Vanadium
•2,200
37%
70
40
34 7«
*102
8fc
„
•
47% Jan
s
614
Jun
48% Jun
2%
44% Jun
l
5
preferred
Preferred
800
10 %
par
—25
Stockyards Corp—
cohv
Universal
50
41
41.
*143
123
■
120
*119
j
No
preferred.—■
Uni versal-Cyclops Steel Corp——L_1
Universal Laboratories Inc
1
80
65
3%
35 V,
.,' 4
Co_.
non-cum
$6
1.300
1
68
24
50%
39'.
4%
35
*60
501 j.-
106
39%
10 3«
37%
433:,
a
,
413 \
67%
*61
1
50%
120
a
"V'L-■«'%'
*43%
65
*61
24
23%
'
19%'
10%
36
•
70
3%
*4
*34
S Tobacco
' Jan
2%
15
112
—100
Dec
3% Nov
11%
7
64% Jan
-50
-
—„—No par
81k
5
Jan
Jan
Apr
Oct
Dec
4
42
2514 Jan
%7«
18 '
6
37% May 25
46
4'/a
Feb
Jan
July
May
13
101
20
Jan
sa
Get
Oct
Dec
25%
21
Jan
_50
16
Dec
,
58%
5
32
10
-
17
113
May
11
Feb
Feb
20%
104% Mar
8
9
Aug 23
29'k Jan 13
No par
Apr
50
July 13
75%.Oct 20
16
*
81%
y36% Jan
104% Jan
7% Apr
9% Mar
37
Dec
V 30
1% Apr
33% Aug
3% Mar
3
19
6
Jan
22
30
29% Jan
1
Smelting Ref & Min
;
x97
'
8
% Oct
29
'
1st preferred^-.-100
non-cum
6
-20
United Stores class A—
3.700
108
Jun
89
Jan
16%
85% Nov
Apr
57k
13% May
4
13% Jan
var
27
17
Jan
Jan
,
4
_10
;
:
*162
*61
50
r
69
30
10
'
"
*23%
4
4%
35
*68
:
•
Rubber Co——
S
United
200
.
39% Jun
1'
Plywood Corp—
Realty & Impt
7%
200
2lir :■;-;
..+-No
Pipe & Foundry—-,—
Playing Card Co
U
3%
■/
—50
preferred—,-—100
60
16%
*34
;
preferred—
conv
2,600
16 %
4'a
*120
;t
*3%
5
Preferred
300
(ill
17
22%
85 34
34
5% Jan
Mach Corp
47%
22 %
2%
4
19
U S Steel Corp—
% Preferred
*83%
69
29
1.900
26,200
124
2%
4.
Jan
Jan
8%
300
54%
S
U S
1,900
16'"1
15r'i>.
U
2,200
73
*45
3%.'
U
5,400
.
53%
85%
34
a *)
22%
47','4
*3%
43%
53%
124
1,400
234
4
123
54 3 «
123%
U S
125
*53
73
73
300
851;.
69
20%
125
...
U S
2 3,
42%
■
53%
*45
23
35
'■
a
43%
125
59
173
%%
U S
100
39%
*2
a
20
100
Preferred
400
V
85
:
85'
*
53%
1233
3%
2%
a
85%.
23%
*102
*113
22%
45
70
*119
*39%
22%
65
50
*41
22
47%
*60
50
42'
*41
54 3k
10 %
123
*71 Ik
123%
*35%
64
*118%
73
53%
10
44
*3%
53%
123%
,
36
*60
3%
42%
124%
53 In
8
10
44
50
713
*35%
"320
63
3%
54'
124%
162
20%
43%
4
10
*43%
*49%
*
23
*2
,1
125%
53 3
36
*60
23%
43 Ik
73
53
.
1247n
54%
123%
21%
46
23.
43%.
125
73
53%
21%
2
Gypsum Co——
preferred—
U S Lines. Co—
300
32 7 a
403,
*38%
*38%
40%
2
53%
124%
124
46
*45
42-%
125
53 "k
73
*-71r'«
124
2
125
*53%
73
2%
*38%
8
Prior
20
6,200
9 s,,
*9%
*32 %
•
40%
; 2
9% Jan
Partic & conv el A__;
1.900
v
v
40 %
33
84% Jan
—No par
U
600
%
113%
6%
6
6
!
3
74%
Dec
108
Jan
21% Aug
23% Jun
Jan
113% Nov
May
63%
Dec
914
83
2% July 21
14
S Hoffman
5
Va Jim 16
4% Jan
U S Industrial ChemicalsNo par
S Leather Co___
No par
2,700
9Va Jun
3% Jan
7 ck
July
Apr
765 k Sep
16% Jan
Foreign Secur
86 1st preferred—
20
V
373a
2
\Jan
35
9
_ilO
U S &
.
4
12
60% Mar
No par
-No par
Uhited. Faperboard
9%
n
*112
6%
8,3oo
2,800
-
178
5%
17%
*39
,
a
*42
112
6%
9%
*9'/4
8
4
42 'a
112
'
7
6%
'
34
40%
*42
.
753
178
9%
36 Va
5%
36
113%
9r,«
*75
179
179
42
357n
36
75%
75%
179
~
9% '
'
42%
Merch & Mfrs Inc———1
*3%
93a
34
124% 1243, '
United
4%
4%
5 % Jan
26% Jan
.—No par
Improv't ex-distribtion_
25 3-,
*1773a
9
66
Gas
93a
179
7
'4
United
*4 3,
15% Sep
4
2% Jan
—5
25:%
Jun
1
10
2% May 10
35"% Sep
38% Jan
—^.5
"
26
7% Jan
•
1
—
Cos—
4%
X26
7
—100
Co_
93«
6%
2 Vb
%,
3
22% May 12
114
Jun 11
69% Jun
2
•--.J:-.!— —5.
Coal
..
5
Engineering & Fdy„:r
93 k
153«
Si Jan
Fruit
25%
15%
18% Jan
United
*3%
96
16
16,000
2 %
4
55% Jan
United
43 a
25 3
par
200
9%
26
2
17% Jan
-
Electric
109% Jan
2,800
1,800
114% Jun
8
No par
Co
26',;
6%
38%.
Drug
Dye wood Corp
20
' May 27
33% July v8
Jan
par
-No par
-No par
.
Preferred
9%
*39
0
No
United
United
16
100
United
*3%
*33
40
M
4
20
Carbon Co
25%
B
40';.,
*38%
93 % Jan
preferred
43:
93
40
17% Jan
\„$3 preferred—.
130
75
2%
28% Mar 30
6
.—100
200
>
29 7 k
74%
6
8
$
46
Apr
May
108
25% Jan
Oct
Sep
100% Mar
24% Jan
■
Jan
7Va
58
19
79% Jan
97
28%
29
22% July 14
102% July 16
5
Transport——5
7,000
14%
*29
75
19,800
Apr
114% Oct
100
United-Carr Fast Corp.
United Corporation—
17,200
,
58%
7%
30
743
conv
25%
*9%
'
9%
8
*29
ioo
13,
353
14
*6%
_•
5%
Lines
X118
—No par
Air
United
*56 3 L»
7>,
581
8
30
75
23 V-
14%
*6%.
*56 %
8%
*29
23
33
*39
14%
7%
8
8%
29
6%
6%,
*9%,
3k
14%;
57%
75
113%
*112
113%
6%
8
23a-
13,
34%
*6 la
2,9
41
x41
42
35%
35
143k
734
74
73 3-,
177'% 179
*8%
8%
1434
1%
35%
2
Biscuit ..Co—I.———No
26
1%
34%
80% Jan
United
64
1%
8
United
30
3534
5 7%'
29
95
95
95
13 8
35
2
100
2
26
86% May 27
5
400
*114
*62
Jan
July
11% Feb
13
15-% Jan
9.200
%
a
113:
59
2
Jan
105% Jan
preferred.—
Tank Car
United Aircraft Corp
:
5% conv preferred-.
71,300
,V
20 3
•
No par
25
$4.50 series
nnn-cum
Union
9,000
10434
20%
4 ','r
700
600
-
26
20%
114
*6%
74
*28%
2%
13%
734'
57%
*57
104
26 3,
114
5 7 34
14«
*6 3 a
7
58
30%
64
134
3514
*56
27
3034
Preferred
360
97
27
26
26
1 !k
34%
■'•■14
*96
27
26
Union El, Co of Mo $5
10
97
*62
64
117
114%
30%
a
*2038
*114
64
'
par
116%
114
20%
98
105
pfd—,-No
116%
79
V:
18
Jan
8 V Jan
par
114%
1133 k
42
No par
—_No
114%
20
30 3B
No par
Fisher Co
& Paper
Carbide &. Carb
Union
6,100
*11638
20%
97'a
14.300
a
1163V
1163b
20
*20
Union Bag
1143V 114%.
20'4
20%
97 %
*
116%
114
114
114
*20
Under Elliott
1,700
24 % Jan
4
par
7% Jan
5
31%
29%
Jan
Oct
'
—-
*143
*143
'
Preferred
15
W
*30
•*301
3G1 :j
•>
*27
*195
For
36',
30%
367a
37
10!51
*10%
10%
it)34
io%
27'4
*26'a
27"
27
27
%05
107
107
footnotes
*105
see
page
107
1651.
37
*10%
10%
26%
20%
'105
*
37%
107
.
37%
37%
*37
10%
10%
*10%
27
27
27
103
105
-103
109
2,500
Wabash
RR .4%%
10%
300
Waldorf
System.
27
400
37%
t
200
Walgreen, Co—
4% %
preferred
preferred
-
No
No
par
100
20% Jan
103
Feb
2
10
.
38
July 23
11% May 29
21V4 July
6'% Mar
30%
Jan
7%
Nov
28% July 15
16
Apr
20 Va
Nov
97Va Jun
102 V8
Oct
109
Jun
10
Volume
Number 4223
158
THE COMMERCIAL &
FINANCIAL CHRONICLE
1651
NEW YORK STOCK
LOW
Saturday
Monday
Oct. 16
$
"
'
7%
7%
49V.t
49%
49%
10%
17 % %
17%
10
10%
10
•'
per
7% v
'■
:•
zm
751
50
1%
17!.,
17%
51%
717
..
49
49
12%.
47%
12%
*'28%
•:22 "
24
15%
S'23%
,.?22
23 %
23%
•.
761
.
6 3 It
7fi%
-
:
a
*77
J5%
15
83%
"83
:
x96
{
i;-t 98
98
87
116111
•
.
87 %
'•J 09
109 7 It
% 28'!
:■
7.84%
22
14 3t
4 L!,ft
42%
42%:
20%
20 'lit
23 3 it
77%
.
23%
15%
14~ii
35
98
97 %
86
86.
116%
7 "110
15
109%
85
29%
700
■
42%
42
21%
.
77 8%'"
21
%
*73
■:
116
15%
87
>
30
29%'
3%
170
■>7%;
.7
'7
;777%'7:7 50
preferred
preferred
6%
3,700
35it
Eisenlohr—•
par
—
[ J
No par
Jan
43%
;
437 5
31,800
20%,
213a
4% non-cum 2nd preferred—_ 100
Western Union Teleg class A-No
par
11,700
Westinghouse Air Br&Ke_—-No
124
124
"125
■
'•34%
35%
25%
25 %
109%
96%
.
96 %
a
.
109%
7'58%
.■
126%
'"'34%
%' 725 %
■'
59%
•
97
96%
■Jr
96
"125
35%
25 Vit
7 "'109,'
59%.
:95%
.126%
35%;
25%.
•%..
109 %
-58%
95 5 it
95%;
95
109%
"125
36 V4
95
126
21 "it
•
110%
126
"58 Vu
97
97
22%'
22%
59%:
"97'4
"
19%
-2(1% ■;
if
:
12%
8%:
83a
8%
8-1%. 7 85%
8
:
7
85 %t
85
11%
'
26%
5!
84%
84 3
■■'21'
22 %
i
37
37'»
20%
"
20%,.
20%
7
'101
102%
-109
"101
49%
-
49%
51
"50%
52
"51
52
"51
93
"90
93
"90
93
90
69 %
69%
-28%
69 %.
■
*28%
29
32%
12%
37
37%
84 %
94
94
%
V
29
13%'
36%
"69%
13%
37%
7
:
70
28% 7 28%
*13
94 "4
38 %
-94
94
12 '/a
, .
12%
12%
7
U2%
;
49%:
33%
33%
33%
33%
32%
3%
3%
3%
,"3%
3%
•Bid and asked
prices; no sales
on
33
I
29
% *
94 %
94 %
12%
Worthington P
103
'
.
103
50
•
12%
50%
7 %
preferred A—
6% preferred B
Prior pfd 4%%
series.*
70
100
29 %
29%
29%
1.700
13 %
;
13%
1334
37%
38'8
1.9,900
94
12%
%:
94 Via
12%'
420
12'%
33
1.200
33%
delivery,
1,200
n New
Stock,
r
Zenith Radio Corp
Zonice Products Corp
Cash sale,
Exchange
119
'
Government
Bonds
Bonds
$261,000
$5,000
9,649,600
256,000
18,000
13,308,000
358,000
19,500
—
13,315,200
276,000
23,000
591,490
10,397,000
213,000
20,000
334,000
15,000
$65,485,800
$1,698,000
$100,500
3,178,755
24% May 29
13 Va
3,295,230
$100,500
industrial
$43,000
$2,736,575
Total
Total.
$6,047,150
Foreign government
Foreign corporate
Indus¬
October
;
16-
18
October
19
October
20
October
21
October 22—
Rail¬
trials
_
roads
138.40
.
.
-
_
.
138.40
35.05
31%
Jan
•60
Jan
Apr
100
6
98 Va Oct
9
22
Jan
108%
Dec
50
July
Oct
93
Apr
.
Jan
7,17%
Dec
27%
58 Va
Dec
69%
Jan
12% July
15%
Dec
22% Aug 11
10% July 26
2
5
12
Jun
15%
Jan
3
Mar
5%
Nov
Apr
3%
Jan
7% Oct
.
1
15
86
Apr
27
Oct
1%
30
19
1
2
.
Dec
71% July 14
21% July 20
8
Jan
% Jun
42%
80
2,,,,,24% July 22
5
14
40
2
2
91a Jun
28
4
20
86% Oct
3%
2
Jan
27
11% Apr,
8
118 % Sep
Jan
25s
Dec
72%
■
Oct
8%
Sep
Dec
63s
Sep
51
21
Jan
22%
Jan
73%
6
Jail
Feb
53
.
Apr
1% Apr
1% Aug
4% Apr
14% July 14
9 % Sep
May
15%
6% July 19
6
Jan
•
'
■
24% July
9
2
107%
Jun
163a
Dec
24
21% May
14% Jun
31
Dec
213a
Jan
.
110%
Oct
Jan
2
4218 July
3
20
24% May
7
20
117
Nov
125
July
18
106
Nov
117
Mar
Jan
par
21% Jan
Jan
4
9 Va Jan
2
19% Jan 12
2
1
y
Jan
aim
54
Jan
44
Jun
57%
Jan
Apr
20
80
Jun
104
Jan
29
39
Apr
62
Jan
31 %
'
par
42%
10
15%
Jan
23%
Oct
17% July 13
41% July 14
97% July 17
16% Jun
7
6
82
1
18
70% Sep
13
Jan
Sep
7,'
Jun
5
Apr
77a
NOV
28%
Jun
37%
Jan
108
7% Jan -4
30
Sep
.
57% Jun
9
87% Sep 20
58% Jan
4
par
Sep
78
Jan
7
May
3774 July 13
8%
.4% May 10
87
1% May
2
Feb
Oct
12%
Jan
20
2%
Deo
Jan
Ex-rights.
15
Utili¬
ties
21.53
I
Bonds (Par Value)
I
Domeitio
Foreign
Government
$350,000"
Foreign
Corporate
1,000
$355,000
5,000
679,000
193,000
10,000
847,000
7.
Total
$5,000
767,000
145,155
95,000
1,000
773,000
.
'
882,000
943,000
722,000
70,000 %
3,000
183,065
795,000
614,000
15,000
1,000
630,000
977,255
S3,979,000
S374.000
$25,000
S4.378.000
:.
977,255
Domestic—..:
98.833,500
1,776,801,200
October
Mar
Jan
,
46
of shares
97,943,100
Date..
22
63%
1942
562,785
Jan. 1 to Oct. 22
1943
60,828,412
1942
16,046,473
Bonds
$3,979,000
}.
on
$3,157,000 $178,590,000 $136,654,500
374.000
50,000
11,312,000
3,303,000
25,000
Total—
averages of representative stocks and bonds listed
1
Dec
Jan
220,320
—
2,684,936,400
20
29% May 5
112% Jun 23
32%
233,685
—
1,953,000
30
127
Apr
71,535
...
70,252,700
•
83
Aug
23
% 110'% Oct 21, % 149
10034 Oct
134
4,.
"% 44% Jaa
9
54
1,000
1,165,000
627,000
$4,378,000
$3,308,000 $191,067,000 $140,584,500^
Averages
the New York Stock
Exchange as compiled by Dow, Jones & Co.
-Bonds-
-;
Apr
109
9
17% Jan
-Stocks■«
1
3
July
40
1943
$67,284,300 $72,248,700 $2,785,616,075 $1,881,681,850
are'the daily closing
July
Jun
Shares)
—
Stocks—No.
Slock and Bond
Below
100
136
12
Week Ended Oct. 22
89,568,431
,
lan
Oct
19% Feb
•
2
123,495
1,698,000
St
Jan
8%
30
Jan. -5
Jan
-
—
65,485,800
Foreign..
4% May
16% Jan
1942
236,498,594
Dec
3%
May
Jan
Feb
Jan
30% Jan
.
Jan. 1 to Oct. 22
Bonds
Government.
—
Monday
Tuesday..
Wednesday——
Thursday
*
Friday
$67,284,300
1943
13
20
Apr
4
Jan
104%
Feb
of
15,249,000
—3,178,755
1942
113%
—
Week Ended Oct. 22, 1943
Saturday
10,630,000
14,900,000
Week Ended Oct. 22
2
Stocks
$4,182,000
560,400
shares
5
23%
(Number
13,685,500
13,614,200
611.090
20
I Daily, Weekly and Yearly
9,923,600
—
22
3
9
Sales
$3,916,000
—
Sep
21
57% Jan
Ex-dividends,
Bond
540,645
————
x
Mar 29
30% Sep
6% Apr
44% Oct
115
No par
Special sales,
Total
-—608,320
———
s
May
10% Sep
97
Sep
12% May
11% Apr
2% Jan
——100
—
Jun
Jan
Transactions at Ike New York Curb
Exchange
United States
Foreign
preferred series A
Youngstown Steel Door——No
1,800
3*8
?3 %
5%%
10% Nov
Jan
8
Yale & Towne
Mfg. Cd
23
Young Spring & Wire—
No par
Youngstown Sheet & Tube--No par
1,000
38%
94%
:
No
No
7% Aug
77 102
4% Jan
100
Wright Aeronautical—
Wrigley (Win) Jr (Del)
7
3
Jan
'
Conv series—100
*69%
Jan
Nov
Jan
2
40
'
;_1Q0
Prior pfd 4%%
266,810
£
—
i
100
Deferred
Railroad
Bonds
100
20%
x71%
93
16
2% Jan
oar
220
3%
a
No
May
59% May
Apr
110
x20% Jan
—10
(Del.)
290
33%
I In receivership,
20
'
_1Q •••*•.
Co
& M
52
3%
1943
Railroad
Wool worth (PW)
20
93
33%
and Miscel.
—
-
Stocks—No, of
s.
7,200
5,300
7
22%
115
"51 %
3%
Number of
-
Week Ended Oct, 22, 1943
Total
Woodward Iron Co
*90
33%
Shares
...
U.
37%
.
21%;
300
11 Daily, Weekly and Yearly
.Stocks,
Saturday-.
Monday
Tuesday—
Wednesday.
Thursday
Friday
21%
15
37, July
36
5
15
100
70
*69%
Transactions at the New York Stock
,
37
:
pfd—
Jan
11
:Marl3
—.10
:
6%
134
Feb
87% Oct
8
58% Jan
—«•_„No par
-No par
!
preferred—
Wilson-Jones Co
Wisconsin El Pow
"109
49%
13%
"3%
this day.
7;777%7: 300
Nov
91
2
-18
"
preferred—.^^—10
36
13
7
1
52
37%
12%.
33%
3 %
■
conv
Wilson & Co Inc
Jan
2
—5
91 ',2
90
13%
94
12%
11
*20%
21%
-51
38%
'
12%
vn
101%
29%
*13%
38
6%
6,200
7 ;"H8
112
:
70
29
13%
•37%
.,
7
500
'
7 "6938
2,700
8%
Oct
11%
Jan
104
52
par
Motors
14
Apr
85
'
preferred-...._N0 par
preferred——1—20
Willys-Overland
.
90
"68 %
12
85
No
19
Apr
'24% Aug 19
106% Jan 15
,100
.100
Wilcox Oil & Gas Co
10.000
"
Ry
'
par
conv
Frior
1,000
6
8%
37'4
"4
S4
•'
•no%-
101%
52
4)0
21
7
5%
"84 %
7I7
110%
49%
51
■
21
103
,26 %
a'
1212
"
11
:-7—
37
21%
112
*101%
7*49
8 ',4
85%
21 !4
37%
21%
7 7110%
103
"48%
21%
37%
,
|
21
112
'•
a
12% '
•
7,7
10%
7*113
-"I
-21%
87%
20%
"%10%
302%:l:;.
"48%
2'>
37
7
20%
115
%01
v4il% / 49%
"21%
37% 7
37
.
112 Va
J1 (1
22
"21%.
•»
8%
"7 85
11%:
"118
20
5%
57
12'
8% '
*10%
.11%
7;
5%
61
Erie
preferred
39%
41%
2
White Motor Co—:i
13% Jan
White Rock Min
Springs.——No par ' ' 3% Jan
White Sewing Mach
Corp—
1 / ' '• 2% Jan
1,100
'
'-241 Lt
5%
12%
.
•7
20%
2.200
73
"69%
conv
Wheeling Steel Corp
1,300
6
5%%
.No
Oct
Jun
Jun
34
5
81
NOV
8% Dec
,
14
Jan
31
.
29%
Aug 20
Jan
120
—
S5 conv prior
pref
No par
White Dental Mfg (The S
S}„—20
600;
;.
preferred—
Wheeling & Lake
v
280
7%
■"■••
L JL
80
::
19%
.
(i
5%
■
84%
4
'
■
•'••
6%
8%
:
<25%
5%
v
■
18%
77a
"
S4.50
'2,300
68
19%
71
.
:•;
77. 18%
77a
71
26%
a
6
12%
3%
-10%
7 '7118.
70%
1
98%
2214
'6',
"
■170
59%
98%
20
7%
'
110% .7
68
*5%
6
3251/4
;
777
12%
,
%'-•% '
■'
a
12%
.
18%
19%
500
22
68
18%
26
'58%
7
—50
Nov
12
15% Jan
par
1st
partic preferred..--..-50
Weston Elec Instrument—
-12.50
Westvaco Chlorine Prod-—:,„No Par
100
—
* 25%'
'
99
22%
Westinghouse El & Mfg
130
36%
7*109
59%
,
"3,500
127%
'
"34'2
:
68
.
20%
70%
5%
61
18%
0
%-
73
%
67 3 4
8% 17 8%
:
,' 83a
"34 ' -4
%
11%
*118
8%
6 ■
12%
11
"118
5
4
it
20
6
"25 %
■
7,
6 %
7'
Vi
5%
512
07 3
"18 1
.
20%
7 ",''-70
:
26%
6
12%
117%
8
6, ••»■;■
77
'5%
it
.
•«
20
"25%
5%.
6 1
18%
8
.
5%-
.
07%
38%
.
20
"'71
:
67%
38%
\7%
■
/•
;
•
26%
.
i«
■V-'J2%::
.
:
6%
.
6
67%
:
20
77
■
"25
'
8
b'%
% t.
',4
18%
20%
V %»
•
■
07
,
22'
95%
"126
;
109'it
*98%
22%:..
"
95
26
a,
*58'.'1
.
99
:
22 %
VV'
36 %
109
'
21%
21%
67%
%8
*2 5 3
:
109 %
'
1.67 %
7*34%
26
109%
59%
7
36%
7257it
r
.21%
126
*34%
•
26
;
96
95 %
1
Oct
'
95 %
NOV
85
'
95%
Oct
6
.
Apr
26% Jan
'
"'.v
Jun
5% Jan
'
Nov
16%
99
Jan
19
41%
13l/4
21
17% Jun
5% NOV
Apr
4
214 Jan
'
24%
2
77 V2 Oct
4
11% Jan
Supply Co——10
Maryland Ry_r———100
21%
7
26% July
Apr
Mar
Feb
4%
2
-
per share
4
Jan
109
Auto
Western
8
100
21
50% Jan
' ~ 57
—100
44-'%
7:43%
Jan
16
July 23
8% July 8
4
8% Jan
:r67%
17% Jun
Highest
i
3a May
26
8
Jan
69
'■ '
"
—100
pfd._.
2% Jan
;
7
8
258
32% Apr 21
23% Sep
1
5
r' 17%
137
July 6
15% July 15
4
No-par
311a
56
"4
17% Jan
3%
2
May 29
2% Mar 29
11
12 % Jan
5
52% Oct
7
1513 Jan
.
k—No par
,
9% Jun
20
5
21
44%. 7
21»/4
Jan
preferred——..——100..." '103
Western
1,000
13
22% Cfct
par
-
;
West Pemv Power
4%%.
West Va Pulp & Pap Co
700
77;
30
3%.
7r 9
4
6%
116
"15%;
15%
.*108 %• 1097'a
109%
.7 Vo
5
4
7% Jan
par
370
7190
.
412 Jan
% Jan
26
1042
$ per share
18% May 25
1
:
$4 conv preferred*—
150
:
97 >4
t
4
-y:
West Indies .Sugar
Corp_———1
West Penn. Electric class A ...No
7,600
12
15% Jan
Wesson Oil & Snowdrift——No
par
200
-
85 3 it "
.
*85
115%
3%
%
,
:•:•"'" 97
Webster
3812 Jan
par
Wayne Pump Co_„
74,900
15% "
*84%
7
97%
7 87
29%
3%
"*'7%
•''20%
115%
109%
3
;
v...
15%
7*109
29%
3%
'•42
'7;%
'
15%
109
29%
3%
116
8%
t
14%'
15%
84%
97
86
■"
81
'
'
7729'
500
23%
*77 %t
•
Waukesha Motor Co—
Year
per share
2
—5
500
,
,%:6%;
-
23 %(
•
77% 777%
,
%
Pictures—
100
15%
6
Bros
Fdy & Pipe
No
Washington Gas Lt Co—No
$
Lowest
4% Jan
.—50
Warren
24%
6%
No
preferred
Warner
13,700
7;7
22
*14%;'
•'24
•-
S7
Range for Previous
Highest
$ per share
—No par
Class B_—
77:'■
,
14%'
%
84-%
a
211
23%
.
7
4
1147»
"
,7
43
2U%
6'
86
7)09
3'u
87
||
"77
.,
15%
29 3 a
i
23%
.
■,77%
6%
*21%.
:
7777s
15
24%
•
.98
-146:
109 7 it
'8
.
*21%
Ward Baking Co cl A
,
600
24%
Lowest,
Par
300
12%
.
f
•
Range Since January 1
Walworth Co__——
No par
Walker (Hiram) G & W
No par *
Div redeem preferred-,.-—No
par
300
.
•;.
STOCK
'■■"I'■■••'. /1
1,000
:-,•
48%
12%
"24
a
10
r
*23%
;$J5
13%
%%
•:
48
12%
'7.97.
96%,
28%.
8 7 it
■
y,
%l.5% .15%
;
.
86 %
?109
.
3%
: *'/%
15%
15 %.
,
29
1
>3%
"i 77'
.
116%: 1 J6"it
.
15%
24 3
51%
7 17%
YORK
EXCHANGE
9,000
1,100
,
*1%777" 2
49
24%
*
15
a
6%
22%
,
83%
s
"85 %
116%
15
.6%
23%.
1
14%
7
77%
.
83
•
()%•
it
422%
7
24 3
' 77.:
'•
7.
12%
21a5
714%
•.
24
10
221.'
2312
21 %
15V4
%'23.%
13
-23
7
317 %
NEW
Shares
8%
'"*51"'
7
.
7 7
11%
■
*47
'
63
•.
50% V
10
l7it
49
7 12%
22
:
23%,
■
C.%
13%
8
J
for
the Week
'
share
per
7
.
17%
„
10
"
1?'8
r47
23
35
■
■
'•23 3 n
50%
17%,
7'7
10%
n%
47%
S
'
18
Sales
Oct. 22
8%
'
■12%
22
15
24
477n
24. %
22
8
51%
no
1%
.
:',7;
17%
.::
.10
l5n
Friday
21.
.
$ per share
•;
'
.
13
"'23 3 u
■ :!i
'
-
Oct
8
51
17%
IIP
48%
12%
22%
•%J4%
10%
1% %71 %:"%■'
$. per share
7%
STOCKS
Thursday
Oct, U> 7' ;7'-'
7%
RECORD
PRICES
Wednesday
share
'
•
SALE
Tuesday
%Oct. If)
per share
•7%
HIGH
•
Oct. 18
$
per share
AND
Total
10
First
Second
10
65
Indus¬
Grade
Grade
Utili¬
Rails
ties
Stocks
trials
Rails
48.04
107.31
1C1.47
63.97
110.47
Total
40
Bonds
95.81
35.01
21.57
48.04
107.30
138.71
101.59
35.29
64.20
21.70
110.38
95.87
48.23
138.88
107.25
101.68
35.14
64.31
110.40
21.80
95.91
48.24
138.00
107.20
101.79
34.94
64.32
110.36
21.65
95.92
47.94
107.15
138.25
101.70
64.31
35.10
110.43
95.90
21.99
48.12
107.19
101.88
64.53
110.44
96.01
i
THE COMMERCIAL & FINANCIAL CHRONICLE
1652
Monday, October 25, 1943
BEk
Bond Eecord
Mew Ymk Stock Sj&stiaEtge
«»
FRIDAY
WEEKLY
-
-
YEARLY
-
Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions of
week, and when Outside of the regular weekly range are shown in a footnote in the week in which they occur. No account is taken of such sales in computing the range for the year.
The italic letters in the column headed "Interest Period" indicate in each case the month when the bonds mature.
NOTICE—Prices
the
"and
are
Interest"—except for Income and defaulted bonds.
sr
<CS
BONDS
Ended Oct.
Week
Bonds
Sold
January 1
High
No.
Last
Period
82
Low
.——.1947 •1932
Treasury 4'As™—
Friday's
or
S. Government
0.
.1944 1954
Treasury 33As
——.
.1946 -1956
Tres t try 3V4S-—_
..1944 -1946
Trea sury 3V»S——————1946 -1949
Treasury 3'/aS—
..1949 -1952
Treasury 3s
,—1946 1948
Treasury 3s
...—1951 -1955
Treasury 2%s.
—>1955 •1960
Treasury 2%s—..
—-1945 -1947
Treasury 2%s_„—-—.......1948 •1951
Treasury 2%s„_—...
—1951 1954
Treasury 23As
———1956 -1959
Treasury 2%s
———1958 1963
Treasury 2 % s—
——1960 1965
1945
Treasury 2'/aS——
Treasury 2'As———————— 1948
-1953
Treasury 2'As.
———1949
Treasury 2'As_—
—
1950 -1952
Treasury 2'As—
-1952 1954
Treasury 2'As—
—1956 1958
Treasury 2'As ———————1962 1967
Treasury 2'As
—————1963 -1968
Treasury 2'As
—June 1964 -1969
Treasury 2'As
;
Dec. 1964 -1969
Treasury 2%s_.
.—-1967- •1972
Treasury 2Vis;
....——1951- •1953
Treasury 2'As—
...———1952- •1955
Treasury 2'As
—.—1954- •1956
.1947
Treasury 2s—__—
—.
Treasury 2s—
Mar 1948- •1950
Treasury 2s-————Dec 1948- •1950
Treasury 2s
Jun 1949- 1951
Treasury 2s
Sep 1949- •1951
Treasury 2s
Dec 1949- 1951
Treasury 2s
———.March 1950- •1952
Treasury 2s
.—Sept 1950- >1952
Treasury 2s *
1951- •1953
Treasury 2s
-1951- 1955
Treasury 2s.——
.———1953- 1955
Treasury l%s———J——June 15 1948
Federal Farm Mortgage Corp—
3 Vis —————1944- 1964
3s
i
1944- 1949
Horne Owners' Loan Corp¬
us series A.—
———1944- 1952
l%s series M
———1945- 1947
Treasury 4s_„
—
—
.
.
.
—
—
Low
A-O
*
J-D
>106.22 106.24
M-S
■
New
York
106.3
101.9
103.3
105.29
106.30
*110,20110.22
110.13
110.27
*105.12 105.14
,105.17
106
*110.10 111.21
„
J-D
M-S
__
Af-S
'110.6
111.28
M-S
109.9
107.5
*103.16 103.18
...
107.5
107.5
M-S
107.16
108.15
111.30112
M-S
103.21
*106.29 106.31
106
106.20 107.23
*103.30 104
103.24
104.20
*103.26 103.28
104
104
Colombia
*106.27 106.29
M-S
J-D
:
M-S
'
M-S
M-3
...
J-D
100.10
3
100.19 100.19
lOO.7 100.7
100.19
J-D
38 externa!
Oct
1981
—Jan
1961
I $ bonds.
s
Mtge Bank 6'As____
iy47
ASinking fund 7s of 1926—
.1948
ASinking fund 7s of 1927—
1947
Copenhagen (City) 5s
.....1952
25-year gold 4%s
1953
100.22
100.6
100.15
101.4
A Costa
J-D
105.7
Cuba
10T25
102.13
External 5s of 1914 series A
106.23
107.8
External
*101.29 101.31
J-J
J-D
*107.7
107.9
J-D
*104.5
104.7
Af-S
*102
102.2
J-D
*104.24 104.26
4'As
101.5
100.26
APublic
100.14
101.2
101.5
100.15
101.1
100.23
100.23
100.9
100.30
*101.13 101.15
M-S
*101.6
J-D
*101.3
Af-S
*100.27 100.30
M-S
100.20 100.22
100.7
*100.8
100.10
100.12
16
23
12
18
25%
61%
61%
6i y2
61 %
2
52
64
44%
45''2
37 '
38'A
48%
36%
36%
1
36%
37
J-D
*105.5
105.7
101.3
101.3
100.9
*101.10 101.12
*101.3
J-D
J-D
iio%
103 Vi
78
110%
no
F-A
*106%
J-D
*137% 138%
A-O
A-O
(Dept)
74
A-O
65%
63%
65%
42 ya
66%
M-3
—..
69%
87%
A-O
5'As 2d series
—.....1969
(Republic of)
A7s
.1945
72
J-J
....1964
*93
..
.
.1968
s
f 7s series B
—1945
6'As._
s
f 7s series C_——1945
A External
s
f 7s series D.
1945
J-J
External
s
f 7s
19%
19 '4
J-D
.1954
.1957
■
A-O
A
series
:V
.
A-O
AExternal sec s i 7s 2d series...1957
I.
1st
V
sec
s
f 7s 3rd series..1957
A Antwerp (City) external 5s
1958
Argentine (National Government)—
S f external 4'As
19',4
19'4
18%
8 I extl conv loan 4s Apr
1943
extl 5s of 1899 «
,1945
5s of 1899
—1945
4s of 1904—
—1954
4s of 1910.,!
...—1945
>>
'
J-D
J-J
6s of 1913 assent
1933
External
5s
of
...1972
1927
External g 4'As of 1928
1956
Belgium external 6'As
External
s
1949
f 6s..
_____1955
99%
M-S
6'As
...1959
...1952
*11'4
*17
w;-V
16%
11
—
10%
'15
•''
1959
.1957
5s..
.1958
.....
—1944
6s_;
fund 4%s„
—1956
sink
fund
—1965
4%s
*84
95%
f 7s__—.——1955
External
s
*83
M-N
*87
23%
(Rep) extl s f 5s ser A.1963
A
Stamped assented 5s
1963
Stamp mod 3 Vis ext to..
i._1994
23%
Ext sec ref 3%s series B.
M-S
42
59%
15%
16
.
AExternal
A7s
s
'
49
79
36
82
93
83'A
94'A
88%
90
20
79
91
100
100
*99%
47
3-D
"
I.'
•
M-S f:>
96'A
97
V'. Jw
'
36%
F-A
34
U-''
v
i; 51"
34
Refunding s f 4Vi-4'As...—.—.1978
34'A
51'A
95 Va
>
10
83
..
94
-T
94
87
92%
*90%
97
F-A
92'A
99
,68%
33
95
78%
75%
75%
75'A, 77
14
69%
78
76%
77
27
70
79%
78
78'A
Af-N
3%
*95
75%
A-O
J-J
77
71%
7
-
Canada
(Dom of) 30-yr 4s~
3'As—
25-year
.I960
A-O
1961
J-J
....
——...
2'As
Jan
>109%
JrJ
1987
—.1968
f
30-year 3s
30-year 3s—
M-JV
15
1948
3s
...Jan
15
1953
...Jan
15
1958
J-J
J-J
109% 109%
.
80%
48%
60%
103% 103'A
103% 103'A
v—
:■'•
103% 103%
2
101%
100% 105%
*10
M-N
*21
A 6s assented
A.Extl sinking fund
A
6s
Ab's
A Extl
A 6s
1960
s
M-N
A-O
F-A
1961
F-A
20
Jan
1961
J-J
21%
_Jan
1961
J-J
assented
sinking fund 6s
Sep 1961
1961
assented
For footnotes see
..Sep
page
1656.
19%
20%
5
18%
25%
20%
1
20%
26%
3.9%
20%
101
23%
19%
21
20%
20
21'A
21'A
20
M-S
y-s
24'A
2b
*20%
20
1961
Feb
f 6s
18%
20 %
25
20%
20%
A-O
6s—Feb
assented
external
1960
105%
10
17
J-J
sinking fund 6s__
97% 104'A
301% 103%
103% 104
AChile
AExternal
104%
105% 105%
103%
A Carlsbad
(City) 8s„
1954
(Rep) External a f 7s_—
1942
^7s assented—....
;
..1942
111%
107%
97%
11
107%
101%
21
*105% 1.06
J-J
3s
60'
*55
19%
.
'
2
18%
25%
20%
31
26
18%
25%
20
26 %
5
1P%
25%
21
1
20%
2e%
20%
8
18%
25%
20
72
84
72%
;.
A Rio
73
A Extl
A 6s
23%
17%
57
13
23%
12%
12%
—1940
—.
•
1958
A-O
1947
A-O
1968
A-O
1950
12%
23
12%
3
12%
17%
J-J
17
17
2
15
20V«
J-J
12%
12%
4
12'/4
1961
J-D
29%
30
4
17%
30%
J-J
28
28
2
17'/a
30
50%
51
3
1952
M-N
1947
51
F-A
1948
8s
A-O
external sink fund gold——.1968
..1968
J-D
*98%; 100%
29%
1967
s
.1957
f.
8s
1938
—1950
.1956
....
extl dollar loan———.1968
s
t 7s—
—..1940
5 A Secured
Serbs Croats & Slovenes (Kingdom)—
A 8s secured external—...:
.1962
18%
33
70
18'%
30
26%
27%
31
27
27%
29%
*28
J-D
27
*28
M-N
1
30
M-S
80
>30%
18'/a
17%
*26
J-J
33%
M-S
36
35%
52%
33%
32
48%
33%
29%
29'/a
48%
46 ya
33%
*30
J-J
32%
33
A-O
68
68%.
15%
35Va
2
62
72
16
8
10
: 20
M-N
15%
16
4
J-D
11%
11%
1
—1958
J-D
*10%
11%
F-A
*93
95
F-A
M-N
88
M-N
*87
3%s-4-4%s ($ bonds of 1937)—
External readjustment—.....1979
M-N
,
conversion........
1979
extl conv—
1978
4-41/4.4 %s extl readjustment—..1978
(City)
—1984
68%
11
19%
11%
14%
11 y3
13%
88~
85
95
84
*88
AExternal sink fund 6s——1960
AExternal sink fifnd 6s
.1964
33
10
extl 7s———1958
3%-4%-4 ft
82
34
28%
extl——i,.—1962
Sydney (City) s f 5%s_.
—1955
A Uruguay (Republic) extl 8s—1948
31%
31'/a
31
*26
M-N
M-N
33%
17
17%
73%
33%
J-J
20
18
80%
M-N
13
sec
3'As extl readjustment—..
51
100%
2
(Prov of)
4'As assented
A4%s assented
30
90%
29%
31
2?'%;
17
.
•
"
municipal loan
A Warsaw
23
12%
1966
(City of)
water loan
12% :: 16
*21%
12%
1963
—
6'As extl secured
24%
A-O
A-O
External
28
16%
F-A
A 7s series B
14%
17%
|ASan Paulo (State)
A 8s external
A
27%
A-O
6'As
ASilesia
91%
104
f 6s 2d ser—.1961
1953
A 7s extl
893a
73
12%
Santa Fe external sink fund 4s.—.1964
A Sao Paulo (City of Brazil) 8s„..1952
a 6s
*26
70
104
13%
1946
sec
2
11
i...
14
A 7s external loan of 1926
A
M-S
M-S
89%
91%
*105
122
Rio Grande do Sul (State of)—
A 8s extl loan of 1921
•
89%
91
91%
17%
Alegre (City of) 8s—.
de Janeiro
M-N
J-D
;Z;
19
........
eternal s f $ bonds———1984
96 »4
16%
A Prague (City of
Greater) 7'As
Queensland (State) extl 6s
A 7s
External read) 4%-4%s—.
.1978
External s f 4'A-43/is..—....—.1973
87%
18%
AExternal loan 7%s
51%
48%
94
Af-S
Af-S
94
71
17%
A4'As assented
A Porto
50%
*90%
••,, '
80%
'
95%
J-D
sink fund gold 8s
A4'As assented—
'
J-D
2
'■
1960
AExternal
.54'A
79
s
—1959
ser.
A Stabilization loan s f 7s
i:
100
26
87
47
;
.1947
7s_.
f 6s 1st
(Rep of) gold 6s—
A4%s assented
100
53%
s
lAFoland
100
96%
47
•
46%
46% : 47
48%
■
Vrr
•
52
•
■
-S*-
7
'•;"•
•
loan extl
ANat Loan extl
94'A
12
(State of)
—1967
(Rep of) external 7s
A Nat
85%
93%
100
f 5s—
(City) sink fund 4yas—1955
APernambuco
96% 101%
85'A
A-O
A 6s stamped——
1961
External s f 4ya-4%s_.—1977
•
86
92%
f 6'As of 1927—1957
—...
;
.
84%
52%
1952
(City) s f 5s
1957
Sinking fund gold 5s
1958
Sinking fund gold 6s—~—.1950
Buenos Aires (Province of)—
•
85%
47
(Central Ry)
'A 100
_
78 %'
A-O
•Brisbane
60
'
.
s
A Panama
15%
124
J-D
98%
94
Oslo
85'A
.1957
AExternal s f 6»As of 1926—
85%
77%
:
24
84%
J-D
JABrazil (U S of) external 8s—.1941
101%
15
95%
93%
100
100 Va
1
3
97
16
'
7
20 Va
*99
J-J
85
93%
^
98
A-O
93
82%
82%
1
94
loan.
32%
84
93%
98
19
32%
18'4
^2%
95%
84'A
M-S
14
z,?
*100'%
..
18%
12%
17%
89%
■">
93%
93%
12%
13%
18%
6
29%
92%
F-A
A-O
25
■
94
48
90
18%
>90
F-A
M-S
9
11%
28
*26%
J-D
M-N
A-O
15
18%
(State)—
f 5s.
11
12%
16
27%
28
12%
29
*87
92'A
Af-N
2oy»
23%
92'/a
9
17%
F-A
84%
r
97
15%
"
11%
J-D
93'A
A-O
■
17%
.1970
93 'A
M-S
"
82'/4
,.1963
84%
J-J
21%
"
M-S
7s
Municipal Bank extl
62 7A
F-A
70
11
*92
J-J
1958
(City)
85
62%
>20%
■'
23%
24
Va
85
19
*6%
M-N
Q-J
Q-J
(State)-—
s f 6'As—
series A—
A Peru,
M-N
5s of '25.1555
1957
*18%
99
\
15%
12
68
16
20'/8
*58
.
M-N
1971
1972
S I extl eonv loan 4s Feb.
(Commonw'ltb)
3-D
.1948
.
S f conv loan 4'As
Australia
A-O
100
.
sink
15%
"
'
AExternal
6
6;
*65'/4
J-D
External
15%
3
20 %
*18%
19%
'
.
21%
20 "4
78
>95%
.
'
3
18%
*18%
J-J
■
*76
-
A-O
1954
4s readjusted..
4s sink fund extl
99
■
97
'•'•'•~w.:'
■■
Irrigation—
f
31
89%
'•
'
f 5s
s
(Colombia)
s
89
'
20%
A-O
-
•'
19%
J-J
External
99
21%
,
20%
M-N
external
.
,
i960
54'A
4.
42%
V;
(State Mtge Bk) 7s_—1957
53
88%
*100%
1949
paid
part paid
s
72
3
*28
A-O
1-1693
88%
ii%
88
88%
J-D
AMontevideo
86'/a
72
88
M-S
.1949
(US)
'■
*
A-O
(Republic! extl 6s—
part
A 6s
*87
:
58
A-O
—1967
AAssenting
A Assenting
AAssenting
§ATreasury
6
**
M-S
7s—
,
A 6s
A-O
30 y4
•
*19%
J-J
A External
A
60%
...1962
*60
'
AAntioqula
38 Vs
3
71%
110%
46
135
45
New South Wales
*62
107
17
A Sec external s f
*53%
•
60 %
60%
98%
104'/a
106%
v':
71
French Republic 7s stamped—
7s unstamped..
T eletype
*53%
M-S
v
69
External
1968
coll 7s A_.——1945
;
71
External
.—1948
—'
F-A
AEstonla
102.28
44
'W
1955
Norway
■
102'/a
103
72%
64
47%
Customs Admin 5%s 2d series... 1961
5'As 1st series.
.1969
St Municipal
f
:
:
.
98
28
Mtge Bank (Colombia)—
F-A
102'%
102'/a
•
:
■
'
98
72
External
1947
*10258
*103 Va
••
101'/«
70
ASec external
NY
29
100
72
AMexieo
New York
58
19
• ••
•>' ' >,
N.—
101.12
102.27
100.10 100.10
101.5
39
'
.••••;;
'
JADominican Rep.Cust Ad 5'As—1942
§ A 1st series 5'As of 1926—..—1940
§A2d series sink fund 5%s—.1940
101.5
1
101.5
*100
■
A-O
Finland
101$
Af-N
22%
60
'
J-J
—
Af-N
■■''•;'12
52%
52
*21
38
38
J-J
>
102.7
30%
40
1942
101.2
*101
64
30%
16
55
54%
F-A
—1952
External, gold 5%s
;
External gold 4'As.—_
103.16 103.16
J-D
52
*36%
1953
I...
6
40
*37%
J-D
wks
;
100.29
20
100.9
100.7
100.7
Broadway,
4s
22%
1977
ASinking fund 8s series B
SADenmark 20-year extl 6s_
100.9
J-D
M-S
Members New York Stock Exchange
fund 6s
24%
17%
...1949
debt
5'As
..1945
A Czechoslovakia
(Rep of) 8s set A.1951
100.28
101.8
J-J
.1949
loan 4%s—.....
external
Sinking fund 5'As.
102.7
104.20 104.20
Wertheim & Co.
tKing of Norway)
23%
17%
14
M-S
...
Rica (Rep of) 7s
.....1951
(Republic of) 5s of 1904,^
1944
Minas Geraes
sink
38%
28
25%
M-N
*106.20 106.22
104.30
'
AGtd
i—
18%
17%
52%
37
Foreign Securities
Akershus
24%
.J >.
17
M-N
100.6
100.23
A4'As stamped assented.—
Govt.
24%
25
55
400.4
100.4
M-S
Mexican
tund 6s—
.
9
24%
17
■
25%
J-D
^00.21
J-D
Mendoza (Prov)
Foreign
■
17
19%
■
45%
V
F-A
22
AMedellin
AGtd sink
8
25
24%
24%
17%
-
M-N
100.7
100.5
—
J-D
A Jugoslavia
Agricultural
18
18%
25%
•
..
A-O
Irish Free State extl
120
19
•
23
17%
J-J
(Republic) s f 6s series A—.1952
Helsingfors (City) extl 6'As
—.I960
REctor 2-2300
^•
■'
A-O
Haiti
Telephone
'
18'4
•
*18%
A-O
.—.1970
A Colombia
100.21
1C0.4
1928
1927—
Greek Government—
1980
'
55
(Republic of)—
of
A6S of
101
100.3
100
1
A 6s
City
Corporate Stock
17%
17%
18%
M-S
J-D
18%
23
17%
18%
■
M-S
.i960
2
18%
*102.15 102.17
Transit Unification Issue—
3%
M-N
....I960
18%
*18%
18
;
M-N
(Hukuang Ry) 5s—1951
AChlnese
■
A-O
1962
20%
*18%
'
J-D
...1962
25%
26
20%
■
17%
18%
A-O
A 7s assented
107.6
*107.16 107.18
J-D
J-D
...1961
•
26
18%
18%
J-D
1961
....
'
■
High
20%
10
19%
20
J-D
6s—.1961
A Chilean Cons Munic 7s
111.29
*112.6
—
6s assented
Low
v/v.
20
19%
—-J
M-N
January 1
No.
-■
•'••'
•
20
Range Since
Sold
High
M-N
1961
A 6s assented
112.20
112.8
J-D
A-O
1957
Bonds
Friday's
A-O
1962
AGuaranteed sink fund 6s_.
111.26
108.26
111.28 111.29
J-D
1962
...
A63As assented.
108.10 109.11
*109.18 109.20
J-D
%s assented—
A Guaranteed sink fund
a
or
Sale Price Bid & Asked
Low
ASinking fund 6%s.
104.26
Last
Period
—
A6
112.23
103.23
112.9
*112.7
_
1
101.9
101.9
—
J-D
Interest
(Continued) —
AExternal sinking fund 6s.—.1963
A 6s assented
1963
A Chile Mortgage Bank 6'As.
.—1957
Vi."
*105.22 105.24
A-O
J-D
(Rep)
AExternal sinking fund 6s
A 6s assented..
114.1
103.29
103.24
103.22
Chile
High
112.18
1
112.18 112.18
'
.
New York Stock Exchange
Week Ended Oct. 23
Range Since
Sale Price Bid & Asked
Interest
Stock Exchange
New York
BONDS
Week's Range
Friday
87
78
88
85 ya
88
72%
69%
64
M-N
*66
61%
69
J-D
*63%
67
60
68
F-A
*70'%
71%
66
72%
J-J
*59
52%
66
external 7s..—1958
F-A
*10%
20
12
13
1958
F-A
*10%
11%
10%
13%
Volume
Number 4223
158
THE COMMERCIAL & FINANCIAL
CHRONICLE
1653
NEW YORK BOND
BONDS
New
York
Week
Stock
Ended
Friday
Exchange
Oct.
Interest
22
Last
7
Low
Railroad
and
Industrial
A
Gt
1907
1st
Southern
4s
cons
1st
1st
J-D
with
A-O
1946
76%
48 V2
Carriers
Cart
104%
105
/
f('c|
.;/
5s
A-O
A-O
7:>
90
...
90
ACent
4 /"
/
■'
90
-
100%
1051/4
5
108
110
10
62
;rV %:
90
100,
100%
90%
94%
9
*99%
modified
A 5s
i;
.1949
J-D
1950
income__
1950
/
93 '/a
%
2030
1949
92
M-N
Called
Am
Cliem
bonds
(Nov
Internat Corp
71
70
37
60%
95%
66
53%
94
92
93%
67'%
"
'•
1
62
■'/■
M-S
104% 104%
__
/. 108
69%
87
86%
102
11
.
1949
106
105%
8
107% 108
v
110
108
78%
12
103%
106
100
r-*:* ,;v
87%
105 %
105
100 3na
——
5'/2s
conv
100
'
F-A
1952
91%
,v
3s
—1961
debentures
1966
debentures
conv
Amer
Am
debentures..
Tobacco
Co
106 3/8
100 % 106%
A-0
109Vi
108 »/4 109 V4
■/,%
104
6
AAnglo-Chilean Nitrate deb
sink
115%
115V2 116
177
103 Va
103% 104
51
M-N
108 %
107^
25
98 %
17
4s
series
C
1955
Jan
r- 78
Q-J
A-0
Atchison Topeka & Santa Fe—
General 4s
1995
Adjustment gold 4s
Stamped 4s
Conv
Conv
105
Atl Knox & Nor
& Charl
1st
General
1958
&
coll
N
4s
cons
July 1952
A
1964
gold 4s
Oct
Atl Gulf &
Atlantic
W I SS
74
78%
102%
106%
103%
108%
114%
113
3
90 %
88
90 %
21
42%
68%
42
42%
308
23%
16%
17
—1959
Light 3V2S
J-D
105
0107
12
General
&
*
J-J
102
111
108
114%
109%
no
102 A
103%
102V4
% 103J2;
104 Va
M-S
89%
89
89%
152
87 Va
J-D
93%
65 34
65%
66
211
63
80%
79%
80%
163
J-J
1959
J-J
371/4
74V8
36%
38%
25
32%
1
29 %
100%
105
104
107
1st
4s
1st
gold
mtge
Oct
1
(int
1946)
1
Ref &
gen
C
ser
1
(int at 1 %
Division
Sep 1 1946)
ser
Sep 1 1946)
A Conv
70 Vi
A-O
298
59V4
75%
71%
72%%
73%
115
60%
773/i
1995
J-D
41%
40V4
41%
236
32%
44%
44%
45%
333
35%
41 %V
40'%
41%
238
32%
52%
>
Feb 1 1960
M-S
Pgh L E & W Va System—
Ref gold 4s extended to——1951
S'west Div 1st M
M-S
41%
40
30%
F-A
:■;■ 30%
%
41
%'
31.
168
%"
32 y8
237J
52%
/ 24%
65
v4;
63'%
65%
37%
J
51%
65
",;v
40%
62
/I 19
%
46
due
1950
J-J
.—..1959
J-J
&
ref
5s
AGen
mtge
57
70
54
54'%
1951
stamped
1951
;
58
73%
73
74%
26
73%
73%
74%
25
J-D
A-0
*96%
Bell
J-J
100% 100%
ref 5s series C
1st &
Beneficial
23/4S
Indus
-1948
B
series
1960
—
Loan
2Vis—
debentures
Beth Steel 3%s conv debs——
A-0
1952
*100
mtge 3Vis series F
1959
J-J
Consol
mtge 3s series G
1960
F-A
102%
Consol
mtge 3 Vis
1965
>"\A
105%
—1944
J-D
K
series
Boston & Maine
1st 5s AC—
1st
M
1st
1st
nuge
AInc
5s
II
1967
series
——*
4s series RR
M-N
Bklyn Edison
3Vis__
cons M
1st
lien
ref
&
Debenture
1st lien &
gold 5s
1981
105%
105
15
100%
103
104% 105%
14
102 »/2
A 1st
A
3%
to
modified
1946)
(interest
due
103
41%
40%
108%
F-A
V"'.
——
93%
r
ACertificates
of
i_.
109
J-D
95%
95
104V4
•
.
111
2
92%
series
*
Guaranteed
gold
101%
101
105
104%
inc
97%
98%
F-A
82%
82
F-A
90%
90
For
footnotes
2038
75'/2
47%
148
J-J
43 %
431/4
45%
J-J
57
54
57
J-J
53%
53%
_1947
50;
J-J
48 Va
47.
49
12
47%
124%
66
76%
48 %
A--1-
v
76%
1947
32
118
70
•''
75 Va
12%
1966
M-N
12%
J-J
12 'a
J-J
88 Va
'
May 1966
1956
12%
:
■;
'
29
38%
57
31 %
128
31"%
53 %
29
49
65
■:
12'%
16
57
%
6%
12
88%.
/ 88 Va
991/2
15%
15%
6%
/
66%
93
4s
41/2S
series
A
Mav 11989
series
C__
4%s
series
E
4%s
series
May 1 1989
F
J-J
^Chicago & North Western Ry—
AGeneral gold 3%s
31/2S
4s
registered
70%
40%
66%
287
44%
74
74
70%
74.
73%
70'%
73%
42%
40 %
15%
14V8
59%
M-N
M-N
1987
n p Fed inc tax
stpd Fed inc tax
,-133
45
74
146
45%
73%
42%
2,284
18%
44%
15 %
2,012
4%
16'/4
59%
78
60%
52
30%
60
61
59
33%
61
',1/
1987
M-N
60
60%
61
62%
542
61%
62%
32
17
M-N
117
1987
'
1987
M-N
62%
M-N
1936
60
59%
59%
M-N
1987
AGen 5s stpd Fed inc tax
A4%s stamped
§ ASecured 6%s
32%
58»%
M-N
1987
registered
AGen 4%s
43%
168
74
A-0
1987
4s
411
66%
70%
F-A
1987
70%
651%
73%
J-J
tChic Milw St Paul & Pac RR— i
AMtge gold 5s series A
1975
AConv adjustment 5s
Jan 1 2000
69'/4
661/4
J-J
May 1 1989
May 1 1989
70%
J-J
J-J
,,
*57i%
M-N
75
73%
--
75
59
33%
60%
34
63
>
33%
58
64%
35%
i
60
39%
78
Si
ref
gold 5s
May 1 2037
J-D
46'%
47%
94
A 1st
&
ref
4%s
May 1 2037
23 Va
J-D
48%
46%
45%
46%
90
May 1 2037
J-D
22%
49%
46%
45'%
46'%
36
23
M-N
49%
13
12
13%
1,036
4
ref
&
stpd
4%s
C
AConv 4%s series A
—1949
Railways
1st 5s
part paid.————
of
1927
F-A
1988
J-J
deposit
21%
1934
109
gold 4%S
Chicago St L & New Orleans 5s
36%
33V4
36%
M-S
40%
36%
40%
1,560
1960
M-N
12
12
Memphis Div 1st gold 4s
•*<
•
"
■
73
■■
83'%
81
*109
94
93%
-1951
J-D
J-D
96%
96%
M-S
83%
24
59%
37
38
68
54%
28%
55%
.1966
96'%
F-A
.1967
J-D
.1971
96%
M-N
.1969
r
-
/•
&
.
112 %
112% 112%
84
12
C
3%s
Series
D
3%s
58
74'%
General 41/2s series A
84
.
Gen
&
ref
s
J-J
104%
104% 105 Va
34
951/2
18
91
R8V4
105
105 %
IOIVI
108
1977
V
A-O
A-0
82
108
105
'S*
95
95%
92%
93%
84%
85
12.
;71r,-;x:99
46 ;Jn-).75%
'94
125*
64Va
86%
75
77
174
%
77
%
!
.
'56'%.
—May 1952
M-N
103%
103% 103%
46
J-J
103'%
103% 103%
100
of
E
deposit.
deb
Columbus & H V
&
Tol
1961
ACommercial
Income deb
1st
extl
El
extl
gold 4s__1948
A-0
1970
M-S
F-A
w
Commonwealth Edison Co—
1st
mtge 3%s series I
Conv debs 3%s
"
85
85%
55%
57
55'%
__
1955
•59
%
!1Q3%
*103%
■
__
3%s
4s
Mackay Corp—
w
__
__
5s
108
^,; lb^)%b5%
85
__
.
M-N
&
108
93
;
198p
G
109 '/a
.108
1
/.
tAColo & South 4%S series A
ACertificates
83%
106%
—
85'%
Debenture 5s
58'%
65
9
J-D
Columbia
90 3 8
61
46
11
108%
*107
__
89%
85%
46%
—
.108
*106'%
:
A-0
,
.
—
A-O
.
54
*80%
__
J-J
1972
1973
201
53'/8
F-A
1961
58%
A-O
Ohio
113%
57%
112%
71
*93 '/a
58
110%
109%
13
lll'/4
112
108%
__
86%
1945
1st
71%
__
1970
inc
5s
Columbus & Sou
102%
4%s
85%
F-A
1981
1st gtd 4s__
Iron
Columbus
112
108%
110%
7
mtge
Colo Fuel &
114
'7'
M-N
1950
96
118
6
99%
gtd
119%
8
99 %
1st
B
Term gtd 5%s_
f 5s series B gtd_—
f 4 V2S series C
111%
84%
*112%
J-J
1948
Union
s
110%
102% 102%
,
Line
series
113%
102%
99%
4%s
21
J-J
2
__
1091% 110
86%
M-N
,—1977
—
6
116% 11614
112% 113
Pittsburgh RR—
gtd
gtd
Series
109%
109% 109%
^
J-J
.1990
88%
79
•
*111%
J-J
-1970
Cleveland
221/4
108%
23
.
J-D
..1977
110%
88
.
109 Va
J-D
-1993
81
77
•
F-A
.1993
11
'
•.
7
•
Cleve Cin Chic & St Louis Ry—
115'%
118%
116%
62
56%
113% 118%
F-A
49
59
54
113%
A-0
75
53%
Coal River Ry
109%
118%
71
62%
38
60'%
53%
45
•
55'%
2
118
57
*55'%
8
,.
A-O
1051%
110
•
3
116% 116%
118
68%
75
92%
75
M-N
A Debenture
105 Va
109
94 '/a
60%
—
13%
70
67
Union Station—
109 Ve
99
1
83%
68
74%
—
4%
10
77
..1957
104%
19
I'll
73%
68'%
90%
40'%
-1952
103%
-
5 '
■
26
.
Dec 1 1960
ACertificates of deposit
111
6
•
116% 117%
J-J
90%
*72
■20%
105%
7
J-J
J-D
9
J-D
J-D
Chic T H & Southeastern 1st 5s___1960
guaranteed 5s
57%
36 «/♦
1,942
1951
58%
19
2,275
1951
3%s
69%
35
41
108%
.
:
33%
18
46
■'!
■ ■
46%
A-O
58
23%
8
:
24
1,052
58
60
1952
"AConv
Income
69%
55'%
*55 3 4
56%
54
110
*87'%
■
65
57 %
—
§ ARefunding gold 4s
§ ASecured 4%s series A
Gold
15
stpd
JAChic R I & Pac Ry gen 4s
ACertificates
■?
97
118%
92%
35
109
M-S
73%
104% 105
107%
-I960
84'/a
126
57
111%
1656.
65
91
44%
255
104%
13
page
83
*124
__
J-J
81
M-S
14
J-D
45%
M-N
1988
101%
86
A-0
117% 117%
see
J-J
—1982
A
105
97'/»
)
98 %
1997
101 Va
100 %
96%
*101
__
M-S
(conv)
92%
93%
69
1962
107% 107%
F-A
66
105
_1943
^
equipment trust ctfs—1944
trust gold 5s_
—1954
119%
31%
."u'-M C
Vi
:
1971
58
247
Coll
121
15%
86%
39%
91%
____1956
552
101%
i
—1949
91
73%
21%
4%s
23%
110%
19%
Guaranteed
23
-1977
50%
Guaranteed gold 4%s
;
1951
Canadian Northern
Ry deb 6%s.__1946
Can Pac Ry 4% deb stk
perpetual
23%
105'/4
117%
4%s
A-0
105%
23%
1969
1187/e
115%
947/8
11%
-1970
«...
:
1
...
107%
35%
1955
trust
121
*120
100
203
4%s
Collateral
121
J-J
11
609
Guaranteed gold
5s
J-J
10
107%
gold
108%
106
33
J-J
—Oct
108%
102
*_..
.
105
J-J
....
137%
102%
13
110%
1957
gold 5s__
Guaranteed gold 5s
130%
50
136'%
105'/4
5s________July 1969
Guaranteed
„
100
134
135
104
43%
A-0
gold 41/2S
106% 107 %
J-J
gold 3%s series B__May 1 1989
1st
Canadian National
102
105
22 %
A-0
92%
110
19i%
1960
72%
5
104
42
v» ——
4s
65
__
105%
21%
gtd 5s A___1962
80
tChicagd Milwaukee & St Paul—
1st
cons
71%
107V4 107%
M-N
I
Cleve
California-Oregon Power
95
55 %
\
J-J
A
gen 5s series A
1st & gen 6s series B
Cleve Short
Canada Southern
71%
98
J-J
43
A-0
98%
14
68
J-J
M-N
1960
83
.1963
A-O
A-O
78
101% 101%
M-S
101%
si
104% 104%
'
-
J-D
J-J
34
111
92%
167
101%
36
20
J-J
121
•v
104V4 104%
M-N
.
41%.
M-N
1952
106%
.1963
80
84%
51%
108% 109'%
*100%
■' '/
I'
-
M-N
1955
16%
13
103
1957
deposit—
76
94
78
100'% 100 Va
*90'%
M-N
102%
1934
—
67 Is
r?
J-J
.
at
JBurlington Cedar Rap & Nor—
S A 1st & coll 5s
67T8
-1991
Niag Elec 3%s series C—1967
38%
96%
1949
&
Chicago
Buffalo Rochester & Pgh Ry—
Stamped
95%
1949
L..T949
Chicago Ind & Sou 50-year 4s
105%
*92 V8
100'%
F-A
F-A
16%
29
92 %
105%
103%
50 '/a
,—1950
Elec 4%s B__—
132'/4
103%
83%
1947
128%
39
51
ref 5s series B_——1957
Buffalo Gen
Buffalo
series A
6s
16
100%
101
84
Bklyn Union El 1st gold 5s_
—1950
Bklyn Union Gas 1st cons gold 5s_1945
104%
100 Va
M-N
—1966
100%
98%
J-J
July 1970
96%
7
99'/4
1960
mtge 4V2s ser A—
82%
46
.•tt
'
48%-
102% 102%
A-0
tABoston & N Y Air L 1st 4s__—1955
99
*105'/4 105%
M-S
1955
1961
gold 43/is series JJ
40%
457
29%
'•
85%
18%
106% 107
96%
F-A
ri
ARefunding gold 5s series B
ARefunding 4s series C
75'/a
104 Va
105
Consol
Big Sandy 1st mtge 4s
75%
60
100% 100%
100%
A-0
59 %
45%
129% 130%
J-D
1956
'
*48%
A-0
1950
*—
■'
92%
F-A
JAChic Ind & Louisville ref 6s A__1947
25%
J-J
J-J
Battle Creek & Sturgis 1st gtd 3s__1989
Beech Creek Extension 1st 3'/2 s
1951
Telep of Pa 5s
''
A-O
1996
AGen inc mtge 4%s
A 1st
55%
57'%
Bangor & Aroostook RR—
4s
27
*24
*
112%
71
500
'
32
F-A
1996
._
Chicago & Erie 1st gold 5s
Chicago Gt West 1st 4s series
ISAChicago
Con/ref 4s
29%
-
A-0
61%
'
/
''
Toledo Cin Div ref 4s A
% 28%
110%
31
/
A 1st
M-N
(int at 3%%
1947)
31%
J-J
1958
AStpd 4s
.
1
83
1946
registered
AGeneral
(int at 1% to
due
2000
F (int at 1% to
due
—1996
111% 111%'
.
34%
'
,
1
' ^
■
Chicago & Eastern 111 RR—
57
v
/
30 %
1987
1st & ref 4V2S series B
1st
52%
J-D
...
1
70%
1'/#%
due
to Jan
67%
to
due
Ref & gen ser D
Ref & gen
A-O
A
'
82
4s
AGen
—1995
(int at
1946)
37%
34
AGen
to
due
1946)
Dec
to
4%
at
due———July 1948
Ref & gen ser A
Dec
July 1948
20
82
General 4s
RR—
gold 4s
Stamped modified bonds—
30
A-O
1992
AGen
mtge
53
—1987
Illinois division 3%s
B
Ohio
35
J-J
AGen
&
19%
53%
*25
J-J
gold 4%s
Illinois
40
105% 105 Va
19%
6'A
*49%
Chicago Burlington & Quincy RR—
45%
34%
*103% 105
105'
6%
192
J-D
gold 4s
1989
2d consol gold 4s
.__i._1989
t A Chicago & Alton RR ref 3s—11^1949
88
34%
M-S
116%
J-J
i960
Potts Creek Br 1st 4s
R & A Div 1st cons
73%
J-J
16
__1961
impt mtge 3%s D
impt M 3%s series E
Ref &
111%
,111%
*101%
16
—1987
AGen
Baltimore
A-O
15
Chesapeake & Ohio Ry—-
111 %
104
112% 113
101'%
30%
A-O
.
107%
105 Va
J-J
M-N
..1953
95 %
60%
102%
•:
44
M-N
Af-S
107
64
111
8
14
53
F-A
M-N
120V4
96%
*107
1948
coll tr 5s
111V4
119
111
51%
110%
107%
48
107 Va
9
69
105% 106%
4
107%
1
1945
1942
>•
103%
29
53
54
1945
1948
109Va
61
*111
1948
Refining deb 3s
lbs3
111
1952
Atlantic & Danville Ry 1st 4s.
Second mortgage 4s
1011/4 101 %
Banking—
§A5s stamped
Ref
102
105%
>
.
J-J
-1946
4Vis
5
20
119% 119%
J-D
—1944
101%
106%
101
—
54
J-D
4s registered
1987
Central N Y Power 3%s
1962
Central Pacific 1st ref
gtd gold 4s_1949
Through Short L 1st gtd 4s
1954
Guaranteed gold 5s
i960
Central RR &
1171/4
"
J-D
gold 5s
1st
119.'%.
J-D
1st 4'/as A
unified
llf'i
M-N
1960
1st 4s
J-J
*107%
High
62
1959
'
105
112% 1131,4
Nov
1955
30-year 5s series B_„______ 1944
Atlantic Coast
L
1995
1910
1st
L
A
110%
107
100%
__
105%
105
AO
1955
Trans-Con Short L
Atl
1995
,
1905
gold 4s of
Illinois
Low
21
104V4 104%
1948
Nov
.31/28 registered
gold 4s of 1909
Conv 4s of
78 Va
*102%
105 Vs
J-J
1978
69 Va.
78
M-S
income debenture?—
108 Va
67 Va
F-A
(Del)_1957
7s
104%
110%
51%
1967
(Del) 4s B_____
fund
107 Va
6
M-S
-A-O
Ann Arbor 1st gold 4s____
—1995
Ark & Memphis Ry Bdge & Term 5s 1964
1st
109 Va 109Va
107 V4
1975
Wat Wks & Elec 6s series A
Armour & Co
J-D
52
1962
3s
J-J-
___.1955
New Eng 1st
gtd 4s
JACentral of N J gen
gold 5s
5s registered—
AGeneral 4s
107%
1956
deb
F-A
Certain-teed Prod 5%s A
J-J
American Telephone & Telegraph Co.—
3 Vis
3 Vis
M-N
1962
.
Range Since
January 1
,•
No.
109% 109%
1950
1st gold 4s
Sold
106% 106%
109%
1981
tACent
99
95%
.
}
A-0
1951
5%s
conv
-
P
106 Vi
M-S
99
98
*66
M-a
Amer I G
1998
w
J-J
AChatt Div pur
money gold 4s__1951
A Mobile Div
1st gold 5s
..1946
100%
95
95
A-O
Alleghany & West 1st gtd 4s
Allied Stores Corp 4'/2S debs
Allis-Chalmers Mfg conv 4s___
Am & Foreign Pow deb 5s
■t:
98',4
■
A-O
w
Bonds
High
1949
ARef & gen 5%s series B
A Ref &
gen 5s series C
90%
'62
1
U
Friday's
1965
^Central of Georgia
Ry—
A 1st
mtge 5s
§ A Consol gold 5s
10~2
'
-
Branch
or
Sale Price Bid & Asked
Low
gtd gold 4s__
103
101%
J
>90%
,
Corp 5s
1st
106
102
i''-
•'
109
& Adir
Week's Range
Last
Period
Celanese
Central
modified
5s
Interest
22
Ohio 4s
103 Vi
3
101%
109
& Gen
Corp 3 Vis debs
Celotex Corp 3%s debs.
Alleghany Corp—
.
Friday
Exchange
Oct.
102
■
*104% 104%
J-J
1948
3V2s registered
105
*_„
A-O
71 Va
-
!
1948
Albany & Susquehanna RR 3%s
Stock
Ended
High
102
2
-';
—
•
3-D
3%s~—.1972
assented—
*102%
j,.
M-N
-
1946
warrants
68%
104 V* 104
■
K
■'
1943
Albany Perfor Wrap Pap 6s_.
6s
*66%
J-D
—1967
mtge
Week
'
F-A
1943
5s
B
1st
Low
64 Va
M-S
__1947
1946
A
cons
series
Power
Vo.
•
J-D
1948
L
mtge 3Vis ser A__
Alabama
High
New York
.
Carolina Clinch &
V
J-D
1953
coll tr gold 4s
10-year deb 4%s stamped
Ala
Range Since
January 1
Sold
t5ACarollna Central 1st gtd 4s
1953
Stamped
Coll trust 4s of
Bonds
Companies
tAbitibi Power & Paper—
$A5s series A unstamped..
Adams Express
BONDS
Friday's
or
Sale Price Bid & Asked
Period
RECORD
Week's Range
55%■
4 '
119
1
78"
104
80'
93%
24 3 4
59%
25V4
58'%
92%
1041%
88
103'%
109%
*109'%
HO'%
108%
111
112%
109'% 109%
*113
__
'
112%
•
Apr 1 1969
May
110
103
110
29
54
110
•
1968
J-D
1958
J-J
—
115%%
'
110% 110%
11
109%
111%
115
41
108%
115'%
115'%
1654
THE COMMERCIAL & FINANCIAL CHRONICLE
'■■% %-
BONDS
New York
Stock
Ended
Week
Last
'-A:
V"
%
Low
■•'%
F-A
.1953
Range Since
Sold
January 1
J-J
No.
High
*113'lit
J-J
.1961
BONDS
Bonds
Friday's
or
Sale Price Bid & Asked
Period
2!!
-1951
Week's Range
Friday
Interest
Exchange
Oct.
'•■'• -V
113%
101'% 101'%
111
101%
-1948
3'As
—— -—-
3V2S
debentures
i
A-O
101.1a
101% 101%
20
100%
A-O
105%
105'A 105%
24
104'A
108 It
;i
105%
17
106%
109%
8
103 %
105%
25
-'31%
33
24
32
51'A
40
92
108'A 108%
v'
Coal
f 5s
s
V?
:
»V;%r"
mtge
42
20
J-3
42
41%
42
3-J
100
100
S/>.J
: ''V-
1st
mtge
mtge
2'/4s
Crucible Steel
s
ADeposit
receipts
94
3-3
70
76
3-J
71%
71 %
10
58
77
59
59%
27
42
61
59
59
1
47%
60%
63
63
2
48%
65
62%
80
Joint
111'A
107%
109 'A
1951
1st gold 4s
..1951
1st
ref
5s
108'A
101
102 »A
93
98'A
43%
1
32'A
45
36
27
F-A
59%
3-J
deb——-1955
38
A-O
42'A
48
36.;:',
48'.A
40
2 7'A
3-D
54 %
53%
54Ta
178
47%
60
50%
49%
50%
83
43%
56%
3-J
98
98
98
3-J
47%
46'%
47%
42
43
41
26%
100 A
1077tt 107%
J-D
Light 1st 4%s__1971
J-J
.—1969
J-J
—1969
J-J
tsADen & R G 1st cons gold 4s—1936
gAC'onsol gold 4'As
.1936
J-J
Delaware Power &
4'As
ref
1st
&
1st
mortgage
4%s~i—
(subject to plan)
inipt 5s series B l
79 3
•-■-
••
80
'•
„•
•
56%
1
102 Va
8
100%
2
102
103'A
8
48
49'A
452
21%
50 Va'
95
22 %
7%
,7%
98
3%
6 Va
356
3%
43%
45
M-S
349
v
23%
85
23'A
56
38%
103% 104 Va
15
102%
105'A
107
107 »/4
17
104%
107 Va
*100
100^4
lien
ASecond
gold 4s_a
5
19
89
40
&
Clear
102'%
79
79%
77
63'A
30%
F-A
83%
83 %
83%
85
66'%
85 Va
M-S
3r; H
i'h 3%
3U
22
1%
23
104%
99
3-3
6
59%
61%
25
46%
67
95 Va
14
94
96'%
1st gtd
&
Ry 1st 3s___ 1950
—Apr'1950
4s
1960
impt
City Term
1st
1987
Kentucky & Ind Term 4 %S—
,y.
A-O
89
89
91
238
88%
88'A
89
31
67
68
7314
73%
A-O
t
J-J
73%
108! a
J-J
118
1961
99'A
unguaranteed
Kings County El L & P 6s—
J-J
J-J
—1997
85 %
99%
101'A
108 %
103%
Kings Co Lighting 1st
1st & ref 6%s—
106'A
108'A
Koppers Co 1st mtge 3%S—
22
■
94 H,
4'As
9S
10
22 'A
107'A
1954
1954
i
M-S
1945
62%
69%
78'/a
105%
110 %
111%
118
91%
'•
46
5
61
85
93
93%
83
4
2
108
%
95
86
170%
175 %
105
:
8
4
105'A
108%
104%
1%
108
108%
100%
V""
106%
107
-
103% 104 %
4%
*4% ;% 4:,••%;;%
,
75
60
*109%
M-S
Laclede Gas
62
*105
v.;
M-S
notes
89
400
175'A 175 'A
3-J
1959
Kresge Foundation 3%
6i
91
61
*87 %
■AiViAi
A-O
1961
—1950
111%
61%
*94 Va
3-J
JAKreuger & Toll 5s ctfs
33'A
20
108'A 108%
5s—
•;
.
X
118
%»1%
•■•'
98%
86
13
118
*50
J-J
—
•"•••••"
107% 108%
J-J
1961
—1961
^
67!
*98%
■
"
J-J
1961
•_
—
;
4-0
'
% 102% 103
A-O
..
95%
51
3-3
*100% 100%
59%
Kentucky Central gold 4s
34
1965
Ry 1st & ref 4s
95'%
79%
1951
,
101 Va
F-A
3-J
1955
gold 4%s
92
1947
1952
6'As
95%
Plain
26
3'As—1962
gold 5s—1937
M-N
70
J-D
107'A
27%
*
107%
J-J
Stamped
44%
M-S
ADul Sou Shore & Atl
M-S
48%
K
98'A
*40
Duquesne Light 1st M 3'As
J-J
45
1959
112%
*26'A
106% 106%
M-N
..
1961
112%
J-D
Dul Miss & Iron Range Ry
1955
A-O
1st 4s
110'A
J-D
1950
Cent
110%
Ill
1995
deb-2'As—
Dow Chemical
97'A
97'A
106'
4'As——.1961
& Tunnel
Detroit Term
ref
Kansas City Southern
3-D
—:
&
Kansas
gold 4s 1995
Detroit & Mackinac 1st lien
6s sei'ies A
20%
6%
—1970
3s series H
& ref
48'A
108
46%
59%
45
18 %
20 A
110% 110%
.
24%
58%
gold 4s__1990
J'gAK C Ft S & M Ry ref gold 4s_1936
ACertificates of deposit-
12'A
*20
97'A
46%
:
52%
%
6
45%
Kanawha & Mich
12%
5 %
A-O
553
38%
—
108 %
6%
:
M-S
20%
Jones & .■ Laughlin Steel 3'As
50%
44%
19
102%
104
24 Ye
45%
B_-
49 V,
49
J-J
429
100'A 107
102
,
51%
45%
James Frankl
108%
■5%
mtge 3'As series G—1966
20 %
2
:
103'%
48%
3-J
Ref
Gen & ret
A-O
1
101%
102 Va
102% 10214
*103
50
106%
3-J
1st
80'A
102'%
48%
.50
JADcs M & Ft Dodge 4s ctfs!——1935
tADes Plains Val 1st gtd 4'As—1947
Detroit Edison 4s series F
i.
1965
A-O
A-O
3-J
47%
104%
2
v'-
511
a
102!.,
>
A-O
105% 106
108%
r—4 0 CO
105%
10.0 '
y'.
F-A
.—1978
.•■
78'A
24%
108 '/a
^__1956
series
Int Telep & Teleg deb
Debentures 5 s.
•
102 '
t
102 Ut
F-A
—
*102%
Vi'
■.,•■;
J-J
JADenv & R G W gen 5s_____Aug 1955
Assented
•"
M-N
1
:
A-O
98%
82
9
82
*108'% 110
5s
tAIowa
J-J
,
M-S
gold 5s series C——1956
Int Rys Cent Amer 1st 5s B——.1972
39'A
D
Dayton P & L 1st mtge 3s
1970
Dayton Union Ry 3'As series B—1965
a Delaware 8c Hudson 1st 8c ref 4s_1943
1947
6sAscries A"—July 1952
Ref sink fund
101
9 6'A
100'2
deb 4s
cor.v
Internat Hydro El deb 6s.l—1944
Internat Paper 5s series A & B
1947
40'A
51
*38 'A
100'J
'
A 1st
52
30
38
receipts
78%
A 1st
16
16
9
63%
3-D
t AInter-Great Nor 1st 6s series A_1952
39%
52
42'
*48
40-
3-D
Inteflake Iron
A Adjustment
48
3-D
94%
5
1963
A—
1st "gold 4s_^—%_1950
tAInd & Louisville 1st gtd 4s—_1956
Indianapolis Union Ry 3'As ser B..1986
Inland Steel 1st mtge 3s series F—1961
Inspiration Cons Copper 4s
_1952
111'A
1
50
39:!
54 V4
85
1963
series
Ind 111 & Iowa
41
>
to
110
98'A
39'/«
42%
4
111 Cent and Chic St L & N O—
103
51%
—1946
extended
B
series
ADeposit
•
49 V*
94
77
43%
3 -J
i-—.—1952
Curtis Publishing Co 3s
Gen
48%
94
95
112%
39!«
1st 5s gold
receipt s—
——
7 lis series A extended to—.—1940
A Ref &
49
J-D
*75'%
98'A
Deposit
67%
149
F- A
*'87%
109%
J-D
56%
F-A
110%
14
High
38
J-3
27
110'A 110%
Low
No.
65%
Western Lines
11
98 :!a.
65
Springfield Div 1st gold 3'As
102'A 102 A
J-D
f debs
s
110
M-N
A-O
f debs—i—_i—1950
3'As
receipts
ADeposit
ACuba RR
A
65%
51'A
107'':. 108'A
M-N
_1955
§ACuba Northern Ry 1st 5'As—1942
A 6s
1st
M-N
51 %
108
110'A
Range Since
January 1
Sold
High
3-J
110% 111
M-N
Bonds
Friday's
gold 3s—r—1951
St. Louis Div & Term gold 3s—»«1951
Gold 3'AS
¥
—1951
11
108'A 109
1081
M-N
——1970
—1966
—1969
A,
3»As
1st mtge 3'As
A
100
Div
1st & ref 4%s series C
—;—-1967
3V'2S-__w—%
mtge 3%s
A
•'■.:
Omaha
V#
M-N
3%e
Crane Co
41 %
104% 105
42
■
-1965
1st
1st
42
•42
108''ti 109
or
-
Sale Price Bid & Asked
Power Co—
Consumers
•1st
42
J-3
-1960
deb 4s.
non-conv
Consolidation
3-J
.1956
r
J-D
.1954
.1955
Ry
A-O
3-J
.1951
jiconsol
.1956
Week's Range
Last
Period
Litchfield Div 1st gold 3s——1951
A Louisville Div & Term gold 3%s_1953
107%
108%
-1958
—
Interest
22
Refunding 5s_Aw-195840-year 4%s„
—1966
Cairo Bridge gold 4s
1950
105'A
.1948
debentures
debentures
Friday
,
Exchange
Oct.
Illinois Central RR--(Continued)
Consolidated Edison of New York-
3 tis
Stock
Ended
Low
114
109
1'-
Week
High
100%
-
lio'ltt 110%
110%
Low
New York
Monday, October 25, 1943
E
4s——1948
A-O
& Ga Div 1st 5s—1956
M-N
East
Ry Minn Nor Div 1st
East
Tenn Va
Ed El 111
1st cons gold 5s—,.1995
(NY)
1950
2'As debs
Elec Auto-Lite
Elgin Joliet & East Ry 3'As
stamped
J-D
1965
■!'"l ,'.*'
A-O
v"--'.
:
107
:
108 3A
103
110%
148
151%
10
101%-101'A
A-O
..
106
106
81
81
81
viV;;:,
f
64
65
80%
98
A Gen
Ohio
2015
mtge inc 4'As series A
1st
Div
.1947
RR extl 1st 4s_.
166
92%
100 %
141
55
99% : 100
60
3'As
mtge
1971
99%
J-J
J-J
61
M-N
A.,'—
,
61'A
*107
'•
.
M-S
106'A
*103% 104 'A
99
deb
1961
Fiintkote Co 3s debs
fAFlorida Cent & Peninsular 5s,—1943
A
1st & ref
Certificates
A
§A2-4s
of
M-N
-
103%
103
.
26
J-j
*105
J-D
98
M-S
38%
■■
,
'
68
,
37
39
83
76%
386
38
35Va
A
--
10.'%
■
%
98
96
9f
5
103',4 103'A
'••
deposit
(Proof of claim)
of
ACertificates
—1982
107%
deposit
M-N
''mm—
—
Machinery Corp 3s debs
Francisco Sugar
■
-
1956
12
Ai'lA
4
12 %
11%
■
J-D
1956
coll trust 6s
J-D
J-D
M-N
A
105
103
Vi
5s
38%
3
12
*103%
98%
4%
59
99
1
Steel
Gen
Berg Co
5s
cons
1949
%
Castings 5'As
1949
3-J
Goodrich
(B
F)
1st 4'As
Gotham Hosiery deb 5s w
—1956
Northern 4'As
Great
series
3-D
105
M-S
1961
General 5s series C
A-'
J-J
103
19
34%
30
55%
.
__
J-J
107
J-J
100
99%
•
53
92'4
61
83'A
1954
-1950
V003
—2003
stamped modified
98%
debenture
2003
1951
—
..'VVi-V'v;*
101 'A
9
93 V'4
49
88
Dec
88
;
64%
J-3
100
100
''94%
F-A
164 %!
*60
63
F-A
63%
M-N
32%
M-N
63
57%
3-J
35 'A
57
M-N
J-J
jjV'
44
66
52%
75'A
33
175
29%
15
28%
40
159
32%
45
30%
31%
34%
35%
-."•
123
68
i
123
1
115
2
106% 106 7 it
105%
107%
1
105'%
109%
121 »/a 122
6
121% 122%
F-A
121% 122
2
120
102% 102%
4
102
—
A
1969
J-J
1966
M-S
a
inc 5s series A
Gulf & Ship Island RR—
1st
&
ref
14%
88
90%
90%
120
J-J
65%
64%
65%
46
5s
stpd
1952
f 4'As
J-J
*97
1961
Gulf States Util 3'A» series D___
A-O
1969
M-N.
110
Hocking Valley Ry 1st 4'As
1999
*§AHousaronic
1937
Houston Oil
Hudson
Co
Ry cons gold 5s
4'As debs
1st
Gas
s
f
V A
1st
series A
gold 5s
Hudson & Manhattan
3-J
1st
5s
J-D
1949
105 %
59
M-N
A_—1957
F-A
Feb 1957
AAdj income 5s
85
M-N
1962
A-O
A
■
••'
—
.
3
14%
69'A
lst
85
105
54
11
57
26 %
56
26%
80
103
253
59
__
89
57'A
27
157,
92%
92
93
79
ref
5s
series B__2003
series
C—2003
104%
104%
122%
%
102%
78%
94%
109%
111'A
104%
A-O
106' %
106% 10614
2
103%
A-O
104
103% 104%
73
94%
104%
A-O
98
18
88%
100
A-O
93 %
2003
1950
J-3
*103'% 103'%
series B ext.—2—1960
Paducah & Mem. Div 4s_
—1946
J-3
108'% 108'%
2003
—
3'As series A ext.
••.Unif mtge: 4s
Louis Div 2d gold 3s
.
96%
*
f*92%
104%
F-A
M-S
1945
M-S
4s—
1952
J-J
1955
M-N
1945
3-D
i960
3-D
54%
M-N
68
Atl Knox & Cine Div 4s
-
98
93 3fl
104% 104'%
04
1980
4'As
Mob & Montg 1st gold
South Ry joint monon
133%
88
102
103%
Ill
*102% 103'%
1st & ref 4S, series D
1st iVref 3%s series £——
St
23
85
*116Va 118','2
:
111%
127
105'/a
V
104 %
Unif mtge
106
110
&
1st •& ref-4%s
:
97%
102%
107%
104 Va
Louisville & Nashville RR—
9418
54
:
*131% 133
M-N
1954
5s
110
102 "a
A-O
106
103'%
69%
9
69%
97
';
*103'A 104 'A
H
Hudson Coal
58
...
Term M
s
66
13%
90%
2015
Gen mtge-
Gulf States Steel
*63
14%
3-.1
2...;;• A— „^—1963
—
99'%
M-S
1945
93%
50
75
105% 105%
•
1951
Co deb 5s_
debentures
41%
123
98 Va
Louisiana & Ark 1st 5s series
Feb
55%
98%
Louisville Gas & Elec 3'As
Lou & Jeff Bridge Co gtd 4s—
Feb
35%
68
123
42%
■
32
103%
1975
29
•31%
20
99
—
4
103% 104
103
B
%;?t.
,104
91%
ctfs
:
•
M-S
3s
94
106
3
10
105%
106'%
109%
103
78%
104'%
100% 100%
95%
102%
4
*104'% 107
100%
35
108
11
*110 % Hl'%
94
110
105
94
1051a
101
110%
105%
40%
62%
117'A
118%
46%
61%
19%
31
M
Maine Central RR 4s series A
Gen mtge 4%s series
Manati Sugar 4s sink
a
Manila Elec RR & Lt
AManila RR
A
fund—Feb 11957
s
f 5s
tSouthern Lines)
90%
90%
35
84%,
94
55 %
11
47%
59
68%
101
49'%
70
45'%
55
50
50
1953
4s
91
•54%
•60%
M-S
*513n
1959
M-N
*25%
-
....
*§AManitowoc Green Bay & North¬
Illinois Central
-1981
RR-
J-J
A-O
97%
100%
92%
97
*97
J-J
104%
*97
J-J
101%
*99 %
—
96
97
—1951
-1952
For
footnotes
-1955
see
page
1656.
M-N
60 %
59%
60%
-1952
3%sl~
A-O
J-J
59
56%
59
-1953
Purchased lines
M-S
M-N
61%
61
615.8
55
62'A
61%
western
1st gtd
Marion Steam
3'As
Shovel
:
f
•
150
42
42
60%
51%
65
McKesson
47
60%
43'A
59
61%
6s—1947
J-J
69'%
69%
110
39
70-
A-O
*102
100%
103
*101
100
102%
Market Street Railway—
(Stamped mod) ext 5s—
McCrory Stores deb 3'A
46%
1941
A-O
s
Stamped
60%
65
...
62 'A
16
102% 103'A
;1
71
45
M-S
4-.
103%
ADebentures
:
1949
gold 4s—
3-J
Gulf Mobile & Ohio 4s series B
68'
73
63
—1949
ref
stamped.
J-J
75%
6
*107'%
—1946
••■
64
*105
100%
57
64 %
71
11
:
''-•'■A
A-O
105%
199
73
M-S
83%
92%
93
'r;.';V
to
99'/a
103'A
66
89'A
86
71%
■Va.
M-N
Lorillard (P)
;
31%
106%
15
91 %
96
1949
4s
101
56
v. -
F-A
71
1967
94%
87
88%
33%
33%
42 % 43'/a
A-O
99%
33As series I
& West deb ctfs A..:
24
58
A-O
A-O
102% 103%
mtge
3
96
64
'•iXy
——
103
mtge 4s series II
97 %
;62%
30 %
3-J
Gen
73%
97%
101
75
F-A
J
Gen
52
78
75
88%
*88
1946
AGreen Bay
93'A
89%
16
f:
F-A
General mtge 4s
99'A
83'A
11
•'■
97 %
M-S
101%
80
)f;%6
64%
97%
90 A
97%
A-O
1977
V
99%
99%
1
97'A
J-3
General 4%s series E
series G
99
85
.*—1950
A A Guaranteed
102 %
107%
101
85'A
Long Dock Co 3%s ext
Long Island unified 4s
108 VA
99'A 100 Va
■
Little Miami gen 4s series A_—1962
112'A
112%
15
92%
,
-1974
.—2003
V/A.
99%
102%
17
60
99
101
registered——A——2003
5s
101"%
109
3
,
106
•
109
97
;•
v
110'A 110 Va
%
v:'.;i94%
14
111'A 111 Va
1976
;
98
61
30
*101% 102
110 %
..1973
General 4'As series D
44
*100''8
J-J
—1952
General 5'As series B
24%
104% 105'A
J-D
,
—1974
—
Leliigh Valley Terminal Ry ext 5s_1951
1st 50-yr 5s gtd—1965
Libby McNeil & Libby 4s—,—
1955
Liggett & Myers Tobacco 7s—
1944
:
1947
A
14
102%
44
1946
w
Grays Point Term 1st gtd 5s
a
24 Va
24 Va
3-J
99
98%
1964
5s—1
stamped—
Lex 8: Eastern
102!
A
stamped-—v
stamped modified.
4'As registered
■-
3-J
tAGeorgia & Ala Ry 5s
Oct 11945
t?AGa C'aro & Nor 1st ext 6s
1934
1964
4s
5s
V', ;AA
98%
7
98 %
—1954
4',2S
G
J-D
___1954
Lehigh Valley RR—
4s stamped modified-
14%
99
*'
Gas & Elec of
fund-5sr
Lehigh .Valley N Y 4'As ext.
103%
30%
sink
Leh Val Harbor Term gtd 5s.
15
102%
__
98%
ref
stamped,
-1st & ref: sink fund
98 %
41
4%
5s
5s
106
19%
98%
\
1st & ref sink- fund 5s__—
20
15
...
Lehigh & New Eng RR 4s A
1965
Lehigh & N Y 1st gtd gold 4s——1945
104'A
■
Food
1997
A.———1997
i
to
a 1st mtge income
reg„
1975
Lehigh Coal & Nav s f 4'As A_—1954
Cons sink fund 4'As series C
1954
65 'A
& Glover RR—
tFonda Johns
3-J
lst &
1974
5s series A
F-A
1947
100% 10o:,4
F-A
1960
Lautaro Nitrate Co Ltd—
■';
103%
1959
1st 4V'aS
fFlorida East Coast
1953
Lehigh Valley Coal Co—
M-N
——1958
C
D^,.—
3'As registered.
.;
•
F
& Rub 3s
Firestone Tire
5%s series
5Vis series
Lake Sh & Mich Sou gold 3V2S
100 »A
Erie Railroad
N Y & Erie
ref
ref
5s extended at 3%
82'A
v
A.'-
12
A-O
&
&
Lake Erie & Western RR—
VA
A
.':.:•
99
106
Light extd 5s
Coll
Coll
102
102'A
.
2
%
99'A
;•:'
100%
2
;•>
*77%
J-J
Empire Gas & Fuel 3'As-—__—..1962
Co—
1st cons M 4s series B
;—1995
'
*148
M-S
1965
•—
*110%
.
..1970
El Paso & S W 1st 5s—
5s
*107%'
J-J
&
Robbins
3'As
1945
99
99
*
M-S
89'%
99%
105'A
106%
105% 106
106'%
109 %
111
113%
111 % 112
A-O
F-A
99
105% 105%
A-O
J-J
Metrop Ed 1st 4'As series D__A
_1968
Metrop Wat* Sew 8c Drain 5'As—1J950
(Chic) 4s_,—_1938
t§ AMet W Side El
Q-A
—1955
—1956
f-'90
12%
92%
12%, 13'%
84
11
61
96
13%
Number 4223
158
Volume
THE COMMERCIAL &
FINANCIAL CHRONICLE
1655
NEW YORK BOND RECORD
BONDS
New
York
Week
Stock
Ended
Friday
Exchange
Interest
Oct.- 23
Week's Range
Last
Period
Low
Michigan Central—
Ref
&
3'/2s
i§AMilw
A
M-S
.1952
1952
Gas
J 34 Midland of N J
..
.1951
,,1951
M-N
impt 4 VaS series C_>
Michigan Consol
.1979
1979
4s
1st
& Northern
A
V
Range Since
Sold
High
New York
January 1
No.
Low
ext
5s
101 V'a
Week
Stock
Ended
Friday
Exchange
Interest
Oct.
V;/'.
55
.
74
54
^
J-D
J-D
A'A
■' /"- %■
27
■
:
68%
1st
N
85'A
68%
Y
;
1937
4Vis
ATerminal
63
65
28
•'
-•■:•
gold
§ A General
109%
49'A
,
15
■
§A2d
78
104
V/. v
•
—
68
101%
57%
4
{SAN Y Susq & W 1st ref 5s
92%
97
'
5
A
55
*86%
%
1
104 'A 104'A
C':'%44p.
A-O
1st ext 4>As„1939
.1939
{ AMilw Spar & N W 1st gtd 4s
i§AMil\v & State Line 1st 3'As
.1947
1947
4
.1941
1941
i.
t A Minn & St Louis 5s cifs
.1934
1934
A 1st
&
ref
gold 4s__
M-S
55
J-J
A
Q-F
55
30
67
72%
A 30
M-S
.1962
1962
52'A
29%
A-'.,.•
:
;
8
27%
gold
65
9%
26
2%
8%
A/AAIA
2'A
a-
8'A
'
:A' -;
*4%
.
5
,
;;
1st
cons 4s
consol
F-A
1967
J-J
stamped
1938
j-j
30'A
29
1938
j-j
31
21
.1938
j-j
1946
j-j
1949
M-s
.1978
30i
30 Vi
16
15%
52%
4%
1%
75
■A
10'
137
%s series
j-j
j-j
51'A
503i
j-j
53
52%
53-;
29
•1 27%
1967
62
a-0
-
A
61%
.
62%
4Vis
series
-■■■■:
a 1st
16
83
90
5
18
103'A
8 V'a
22'.'4
5
108 >4
110'i
108%
112%
102%
106
105%
of
79%
O-A
1974
80%
22
36%
41%
145
*36
M-S
A
123
113
...
132%
119'A
114%
A-0
43
deposit
67%
.1997
.1997
2047
q-j
89%
56%
38
89%
Q-j
54
•.A
AGeneral
A 1st
&
of
&
4s
ref
57%%
ti,;-:*,
-
;
(.WV
56%
221
58'A
58 .;:A
55Vi
-
35%
87
35%
5
69
5s
of
24
M-S
57 Vi
56%
58'A
713
35 Vi
1
40'A
56
28
50%
62%
118
66%
81'A
59 'A
59»4
60
J-J
79
78%
137
79'A
42
57'A
57%
7
35%
j-j
.1967
F-A
109'A
.1964
58
of
G___
57%
56%
58'A
332
36 Vi
58%
'
J-J
MS
112
j-j
65%
66 '/b
15
551.4
68'A
65 'A
65'A
65%
43
55 V2
68'A
States Power Co—-
59%
57'A
109
109'A
112
112
59%
deposit
series
ACertificates
M-S
1977
89
6
54 "2
51
J-J
.1944
59 Vi
94 'A
51
.2047
Northern
69%
72"%
164
53%
'
.2047
59 Va
1975
ref 5s series F
ACertificates
A 1st
f-a
deposit
65
50
90%
86'A
Q-F
Q-A
.2047
,1965
'
Certificates
40
124%
—
*115%
85%
49
34
130%
,*123
■
*13
29%
46%
130
130%
M-S
guarantee)—j—1945,
ACertificates
:
80
41'A
F-A
can¬
{Missouri Pacific RR Co—
A 1st & ref 5s series A,
lll'A
199
■
.
19%
.105
105'
J-J
'
1974
52%
19.,..
9
*108% 110
.
A-0
196I1
Ry 1st gold 4s,1990
63
35%
A
148
.
149
4
.2047
29
45%
12
86
17%
High
31 Va
37
:
108'A 108%
M-N
Low
'44
109% 110
18
V;; a-O
1998
mtge gold 5s (stamped
of
109%
M-S
2014
ref
cellation
75
33 Vi
>;
87
A
59'A
40%
42
;
&
12%
86
J-J
1950
4Vis series A
{Northern Ohio Ry—
100
41'A
"1169
51'A
.1978
D,.
Gen
7%
98 Vi
53
deb 5Vis
North Central gen & ref,5s
10
64%
103
'
1962
4
30'A
.
12
24
,1962
lien
31%
6%
Mlssoun-Kansas-Texas RR—•
Prior
30%
16'A
3%
74%
52 Vi
j-j
j-d
42
'■
3%
75
1959
1990
9
30'A
6
398
31%
30
3Va
j-j
A
Vi
16%
9'A
January 1
No.
37
12%
•
Range Since
Sold
High
35
M-N
B
Bonds
Ry Co—
Norfolk & Western
5s
Friday's
14%
1940
...
A Gen
mtge 5s conv inc
t§ANorfolk Southern RR 5s A
{Minn St Paul & Sault Ste Marie
§ A 1st
mtge
37
1943
5s
Telephone 3'As series
Norfolk Southern
30%
J-J
F-A
gold 5s
Niagara Share (Md)
57
61
11".
10
"
._1937
t § A N Y West & Bost 1st 4Vis—1946
Niagara Falls Power 3%s>,
1966
Niag Lack & Ont Pow 1st 5s A—1955
'
M-N
.1949
1949
& ext 50-yr 5s series A
§Alst
or
Sale Price Bid & Asked
Lota
'
A Ref
Week's Range
Last
Period
High
78
101'/a 101'A
74
MS
.1940
1940
93'A
*90
J-J
.1963
1963
.1939
.4y»s^w——.i—1939
§ Consol ext
Bonds
*
.
Jack Lans & Sag
1st gold 3%s
BONDS
\r
Friday's
or
Sale Price Bid & Asked
1978
deposit..,-..,,.
M-N
»i
22
Vi;
25
2,211
11 V
v
•
27%
11
a"
■
109
6
llOVi
110%
112'A
101
*101
101
'
A
58
-A1-.A
'r
35%
AConv
gold 5%s
1949
M-N
12'A
10%
12%
A 1st
ref
1.047
5%
15'/a
1980
A-O
57%
56'A
58'A
367
59 Vi
^r-
36'A
36%
&
ACertificates
A 1st
&
,
gold 5s series H
ref
of
deposit
5s series
ACertificates
of
V-
1981
I
deposit
a 57%
A
V
at 476
58'A
56
57
855
••35%
20
O
58.
59 Vi
38
JSAOg & L Cham
59
Ohio Edison
M-N
Moh'k & Malone 1st gtd gold 4s_—1991
M-S
Monongahela Ry 3'As
1966
F-A
1960
A-O
1st
-
*102 i!
91Vi' 102%
„
55 Vi
56
13
*10614107
-
45
v
6s
!
mtge 4Vis
debentures
——1965
107
6
111'A
113%
7
111% 111%
A-0
'
Montana
Power
Montreal
Tramways
Morrell
1st
ref
&
3%s„.—1966
J-D
ext——1951
5s
J-J
(John) & Co 3s debs
Morris
Essex
&
Constr M 5s
M
Constr
1st
—1958
gtd 3.%s——2000
series
i06:J;i
<
110 -:■.■ 113%
113 Vi 113%
22
103%
96 Vi
M-N
Elec
Oregon RR & Nav
1st
5s__.
J-D
1946
J-D
1945
100 >A
99%
Otis Steei
1962-
100
J-D
48%
45%
49
203
37%
M-N
Vi
45 Vi
48
-87
35'A
44
>/4
41%
44 Vi
299
4Vis
mtge
ser
A
111
7
107%
llOVi
16
107
110
4
102
104 Vi
104%
106%
105%
107'A
102
102
*105%
;: 'A'-i,.
■
J-J
•'
.
108% 109%
3
108%
109%
109 V i 109%
22
109
110%
108% 109
A-A'
'
J-J
.
*106 'A 106%
•
•
47
106%
110'A
2
99 Ve
105'A
'
LJ
J-J
109
103 Vi 103%
50%
1955
M-N
1st
19'A
109%
109 VA
51%
47
12
106 'A
1
107% 108 Vi
j-j
,
22
AA 42
110% 110%
^
J-D
con
15
107% 108%
110'A 110%
-
M-N
gold 4s_—1946
Ore Short Line 1st cons gold 5s_—1946
Guaranteed stpd- cons 5s
1946
Oregon-Wash RR & Nav 4s
1961
96 Vi
107%
i-
14'a
:
J-J
1966
3%s
—
14%
M-N
M-S
1972
mtge 3%s
:;V
4s debentures,.
Ontario Transmission
107%
89
J-J
1965
v
106% 107
*93 Vi
—1955
A
gtd gold 4s_1948
1967
Oklahoma Ga<T&
65
101%
-
Monongahola W Penu Pub Serv—>
1st
1st
1st mtge 4s—
1st; mtge 4s_—-
<
July 1938
series B
••'v.'
1
56'A
,
,«
tf AMissouri Pacific Ry—
3rd 7s extended
F-A
-1
58%
4%s series B
Mountain States T & T 3'As„—1968
J-D
M-N
*112
31%
*109% 112'i
Mutual Fuel Gas 1st gtd 5s
1947
46
108%
110%
111'A
J,
>
112'A
Pacific
Coast
1946
J-D
Pacific
Gas & El 4s series G—,1964
ref mtge 3%s series H
1961
92%
J-D
99'A
110'A
llOVa 110%
71
109%
J-D
112%
110%.
110'A 111
28
110
112%
6
109
112%
1
103%
106%
103
106'A
N
1st &
Chatt
& St
L
4s
series A
Nat
1978
F-A
Dairy Prod 3'As debs——I960
Distillers Prod 3 lis
1949
Nat
J-D
3'As-sinking fund debentures
National
Steel
1st
79%
78
106%
gtd 4 Vis series B—
POW
& Light
1961
1st 4s
N O & N E
Orl
1st
&
-I960
New
1st ref & imp 4Vis
Ser 1st 5s series
series
5s
Orleans Term
1st
§ANon-cum
of
series
A 1st
5s
series
A 1st
C____
of
ACertificates
deposit-
A_:
Y
Central
RR
of
4s
105
93%
93%
103% 105
105
104% 105
J.J
94
94
deposit
series
83 Vi
80'A
A-0
58%
A-0
57%
70 Vi
12
58%
70
1:
5
69
69%
■
70 Vi
69
69
F-A
70
69
66 Vi
69%
713
"4
71
49 Vi
•44%
52%
47%
56%
484
47%
61
63%
62 Vi
63'A
224
52%
83%
84 Vi
149
67'A
86
84
85%
23
3
84%
A
1974
A-O
93'A
series
C
,—1978
M-S
81%
to
1947
Y
Connecting RR 3Vis A—
N
Y
Dock
A-O
1950
N
J-D
-1965
1st
gold 4s
Conv 5% notes——
A-O
Purchase-,money gold
&
A-0
A-O
J-D
1949
'{N Y New Haven & Hartford RR—
•;.ANon-conv.' deb '4s—A,
i.1947
_
68
48%
5s
1
47%
61
77
77'A
94%
•
M-S
deb
3 Vis
.—1947
M-S
ANon-conv
deb.
3Vis..———£1954
A-O
deb
4s__AA—.:
deb
4.s——__1956
1955
ADebenture certificates 3ViS——1950
deb
6s
A
——1948
g.ACollateral trust 6s_,
ADebenture 4s_j»____;
A 1st & ref
—1940
—1957
4Vis series of
{AHarlem River
4S—_
v_
& Port
;
93 'A
81 Vi
82
82
79%
50%
1927lIIl967
.,1954
Pere
78
79 Vi
56-
•
05
2
das
series
96
68
9
111
100
4s
43%
42
73
42'A
43
22
*102
-
43
55%
*
■
J-J
102
: A'A
105 'A
A'
__
13
J-J
105
103%
22
106%
"4
109%
21.
98%
108%
18
108 Vi
110%
M-N
May 11948
M-N
C
1970
&
F-A
J-D
109%
52
gold 4'is
99'A
24
119%
124%
69
101 Va
110%
42
108
117
1968
J-D
A-O
155
A-O
105%
82%
37%
105% 106
65
96 %
105%
106%
105% 105%
30
95%
90%
106'A
1981
M-S
115% 116'A
97
A-0
1947
11.6%
J-J
1952
96%
100
99
;
A-O
55%
Apr
22 Vi
1974
1980
gold 4s
series
55
88'A
55%
86
88%
3
,
40
155
99
A ref
5s
stamped—
AConv deb 6s__
25
64%
83
138
57 Va
76 Vi
J-D
106%
106% 106%
21
M-N
1977
J-J
J-D
1 *>"3
107%
111
29
lll'A 111%
20
110%
112%
11
102
104%
3s
1962-
debentures
,1963
{§APhilippine Ry 1st s f 4s——1937
ACertificates of deposit
Pittsburgh Cine Chi & St Louis—
Series D 4s guaranteed
1945
Series E 3Vis gtd gold,-———1949
'
Seri >s F '4s guaranteed* gold.—1953
J-J
43
M-S
18%
42'A
17%
M-N
>105%
■M-s
43
116
18%
319
J-J
7
*4%
M-N
42 %
43%
110 1
33
52
Series G 4s guaranteed,.——
42
43 Vi
101;
32%
53
Series H cons guaranteed 4s—1960
F-A
42
*113'A
41'A
42
81
49%
Series I cons 4Vis
F-A
49
31%
'A
49
196
37,'A
62%
Series
56
49'A
78
Gen mtge 5s series A
.,1970
J-D
50
8Vi
21
Gen mtge 5s series B
...—1975
A-O
252
36'A
55
Gen
46
44%
46
M-N
103% 103%
M-N
J-J
J-J
52%
9
3
238
3%
6
53'/a
17
■:
110% 110% 'V
2
*105
106%
108'A 108'A
10
2
106%
9
3 Vi
9
4%
7
7%
8
105
41'A
110
guaranteed
4'As—1964
113
M-N
,
115
113
-1-
105'A
107
107
110
107
*112%
M-N
18%
104'A
113
111% 113%
.V
112%
119%
114
123'A
3.23% 123%
3
119%
123'A
115
3
105%
116%
115
115% 116%
5
105
117
106%
106% 106'A
4
100
107%
Pitts Coke & Iron" conv 4%s A,—1952
M-S
102'A
102
102'A
8
Steel
103
103 14
V
4
J-D
103
103
1
58%
1st mtge 4'As.
1950
4Vis series B_i——1950
Pitts Va & Char 1st 4s gtd_—_—1943
J-D
-1st mtge
M-N
*...
106
111%
/Pitts & W Va 1st 4'As seties A.,—1958
12%
..
cons
107
43%
J-J
90%. 103%
6%
J
107
3%
"3
*123%
47
1957
—.——1963
F-A
J-D
20'A
107'A
106'A
105'A 105'A
43%
J-D
96
104
__
105% 105%
43%
16 Vi
109%
106% 107
106 %
lll'A
J-J
59'A
120
107 %
11
103% 104
J-J
M-S
J-D
—1949
107
102'A
129
3.07% 107 si
M-N
15%
104%
100
318%
'129
J-J
58%
91
79
F-A
—1973
'
2?'4
72%
73
1967
Philip Morris Ltd deb 3s-j
58'A
107
78%
31 Vi
49
5%
106 Vi
70%
'31%
49%
44'A
100'A
112»A
78%
1943
1961
111
73
1971
ref 3%s
ref mtge 2%s—
399
J-J
1981
C
.
M-S
1974
B
% 10014
21
22'A
'105% 107
F-A
J-J
97%
lll'A 111%
—1960
series D_;
1st &
110'A
88%
1981
Ry 5Vis
1st
108
201
1970
.,1956
series
4
99'A
21
16%
105
123% 123%
109'A 109%
123%
1965
98'A
{Philadelphia & Reading Coal—
80%
34
A:
——Apr 1990
& Wash
5s
99
—I960
series B___
Bait
110
110 >4
110'4 llOVi
A-O
86
59
209
41
42 ;-A
A-O
107%
106
102
104'A 105
42%
M-N
103%
108%
101
104
*108Vi 109
41%
J-J
117%
106%
'A
A
1.06% 107
.
41'A
'A
97
15 %
109%
gold 4Vis series C
1st
74'A
60
Vi
103 Vi
*108'A
106%
'42%,
v
Ot',2
109
ext,.
4s
100
68
82
K TI
108 Va 108%
A
4s
Phila Electric
112%
65%
~ -:
108'A
Philadelphia Co coll tr 4'As,,
110'A
110%
*70 Vi
2
AA
108%
L & C ref 5s
p- General 4%s
{
106
96%
F-A
gold 4%s———;
Eastern
General
117 %
*104
67
—
96
*115%;:
F-A
B—
Pekin Union
&
General
100
115%
v'
111%
1969
Marquette 1st series A 5s—,1956
Phila
79%
86
108
109
N Y Queens El
Lt & Pow
N Y Rys
prior
series
1st
106Vi
3
A-O
1656.
101 'A
115%. 115%
3%
3%s____,T965
'
8
12
'
102'A
99'A
101
lll'A 111'A
115%
8'A
lien;,6s stamp——1958
1st 3Vis_v_AA_
1963
J-D
1948
series
1st
85%
100
■. ■,
108'A 108%
3%
page
. ■
36
9
Steam Corp
—1968
mtge 4 Vis -series E
deb 3 'As
&
Peoria
66
64'A
36
J-D
see
•'.
106Vi
M-S
footnotes
287
% 100%
Chester-!
;
JAN Y Ont & West ref
gold isIIII1992
AGeneral 4s___.
A________1955
& Putnam
1st cons gtd
4s_I—1993
For
ivA,
106
N Y
•N Y
69 %
53
Conv
Alncome
66%
60
109% 109%
•—
M-N
ANon-conv
1st
62%
98% 100
108 Vi
M-N
M-N
ANon-conv
ANon-conv
78%
.
F-A
gold 3 Vis———2000
N Y Lack & West 4s series A
1973
4 Vis series B_„^
1973
■
2
:
gold 5s_—1948
4s
Harlem
AConv
63 %
100
1.06'i
F-A
A——1947
3'As series D
1965
1st lien & ref 3'As sei'ies E
—1966
N Y & Erie—See Erie RR
N Y Edison
N Y
44
92%
.
105
105
——1974
4s_
3%s
4Vis
Peoria
87%
4
67
*101% 102
A-O
—1951
N Y Gas El Lt H & Pow
D,_
—
Phelps Dodge conv 3Vis deb—.—1952
series
4Vis
mtge 3Vis extended
debentures
ser
Light 3'As
sinking fund 4%s
Peoples
Chicago & St Louis—
5Vis
Ref
6s
74'A
79
60
62
Ref
1st
■
61
F-A
&
gold
mtge
Gen
67 Vi
62%
F-A
1998
51%
66%
66 %
F-A
1998
%
134
79
F-A
1998
registered
York
J-J
—1998
Vis registered
3Vis
New
J-J
1997
.
Mich Cent coll gold 3Vis
'
Gen
67
83%
registered—
3%s
debentures
General 4'As series D—
A-0
3 Vis
ref
Power
General
M-N
,1952
Lake Shore coll gold 3 V&'s
.
&
General
*103%
61
109
104
102%
•
J-D
Cons
75
56
—1997
M-S
scries B___—1981
4s sterl stpd dollar..
79%
60
3 Vis
*8114
A-O
5s_1949
1960
& Det 412s
Debenture
J-J
8
3
—
10414 10414
F-A
—1944
cons
4s
Consol
61'A
60%
Hud River
110% 110%
101%
95'A 105%
108% 110'A
Pennsylvania RRA-.
70
.
187
'AAA"7 5
109
*105%
F-A
4Vis
71'A
56%
&
110'A
M-N
M-N
Penna
75 Vi
1-51'A
96
73
10.9
72
50
3
69
a"-o
75%
48
150
96%
*106'A
j
',•'
3-D
1963
1st
64'/a
50
48
64%
44 Vi
72 at
70
F-A
41
60
70%
F-A
Cent
;A
J-J
.,1955
6s_____;
Pennsylvania Glass Sand 3%s
97%
A-0
Y
■:A-U"'
1955
3'is trust -ctfs D
1944
Gtd 4s series E trust ctfs—_—1952
108
—1998
Conv secured 314 s
N
•'
A-O
Guaranteed
Pa Ohio
*69
&
J-J
Secured
96'/a
impt 4 Vis series A—_—2013
Ref & impt 5s series C
2013
Ref
1938
a
21
Pennsylvania Co—
108
104'A
56
gold 3s loan ctfs
Trans- deb
Paterson & Passaic G & E
97
F-A
106
105% 105%
*101Ja
Broadway Corp—
f
s
106
105%
1960
3s B__
110% 111
■
J-D
J-D
.A/A
-A .111
103
4
M
J-D
1966
—1966
f gold 4 Vis
s
*97% 102
1
-
A
1st
■Parmelee
82
73
9
.95
Paramount
85
125%
106
10
A-0
—
—1954
1
4
J-D
—
.——1956
Newport & Cincinnati Bridge Co—
General gtd 4Vis—
—1945
N
J-J
77
95%
I
1956
,
:
70 Vi
mtge 3'As series C
Paducah & 111 1st
Panhandle East P L
85%
122 Vi
106
95 »A
——
deposit—
of
5Vis series
106
95'A
Ref
100
116%: 118%
84
*56 Vi
deposit
4Vis series D
ACertificates
*82
Ry—
——1954
of
ACertificates
■
deposit
B
ACertificates
A 1st
1953
Mexico
inc 5s series A.——1935
ACertificates
5s
1955
gtd 4s
{New Orleans Texas &
A 1st
-1952
A—1952
12
23
§ A2d ext gold 5s
Pacific Tel & Tel 3'As series B
119
70
4124% 124%
J-J
/
B
10
81% 82%
116% 117
117
A-0
>1983
1st 4Vis
Puu
ref
J-D
82
1st ext gold 4s__1938
V
105
116
82
81
gold 5s
&
|APac RR of Mo
105
95
*80
M-N
F-A
101 'A
103 %
T
*100
81
J -J
.1986
New Orleans Great Nor 5s A',,
New
23
104% 105
M-N
J
106%
105
J-J
N
; 102%
A- O
J-D
RR gtd
8
1965
5s—,—1948
1st
108%
103% 104 »/a
England RR gtd 5s„_
1945
A Consol gtd 4s
1945
New England Tel & Tel 5s A——-1952
82
105%
104
{ANaugatuck RR 1st gold 4s__.—:.1954
68%'
16
MS
fANew
N J Junction
41
102% 103 %
M-S
Newark Consol Gas
cons
79%
106% 107
1949
3s
mtge
.
1st
ref mtge 3Vis series I
,,1966
1st & ref mtge 3s series J
1970
1st & ref M 3s series K__———,1971
1st
Nash
Co
7
104% .108%:
106% 109%
Pitts
4'As series C——
1977
1
1st mtge 4'As series B_.
1st mtge 4'As series C
J-D
1959
a-0
—I960
a-o
56%
95
103
93103
103
98 Vi
%
103
103'A
56%
57'A
55
64
*55 %
58%
53'A
63%
56
53%
64
52
13
THE COMMERCIAL & FINANCIAL CHRONICLE
1656
Friday
BONDS
Stock
New York
Ended
Week
,
23
,
Week's Range
Last
Interest
Exchange
Oct.
Low
1st
1962
1974
1977
1960
5s series B
gen
1st
gen
1st
4%s series D
Portland
C
series
5s
Elec
Gen
4 Vis
1st
El
1966
3 Vis
M
1st
Pwr
January 1
,High
No.
Low
*121
New
99 %
Friday
Exchange
Oct.
Interest
22
Period
t A Providence Securities 4s
1957
1956
Texas & Pacific
123
1st
gold 5s
80
79%
80%
48
series
C
1979
A-O
79'/2
79 Vi
80
&
ref
54
5s
series
D
1980
J-D
67%
80%
85%
79%
80 %
14
67%
85%
110% 110%
25
103%
110%
66
62%
76
213
21%
37%
series
B
90
100 'A
Tex Pac Mo Pac Ter 5 Vis A
1964
M-S
9
106
107 %
Third Ave
1960
J-J
71
A-O
31%
wZ
108%
16
Ry 1st
ref 4s
Z; AAdj income 5s
110
Jan 1960
16
95%
Tol & Ohio Cent
100%
3
7
97
ref & impt 3%s._1960
West 1st 4s
..1950
Louis &
St
Toronto Ham &
20%
91
•'
110 >4
Trenton
:
Gas
Buff
Elec
&
1st
1st
gold 4s._1946
A-0
145%
„
gold 5s
98
1949
M-S
1953
J-J
1971
M-N
112%
91
100%
101%
100%
102%
*116
117 %
116 %
117
*106
107
105%
107%
*111% 112
.
—
110%
U
(Chic)
5s_
1945
32
F-A
1967
J-J
1947
debentures
A-O
1959
J-J
104% 104%
9 %
112%
14%
103
*104
100%
104%
105%
104%
109%
88%
99%
93 Vi
93%
94
75
78%
95%
93 */4
93%
93%
21
78
95%
107%
106% 106%
21
102 %
106'%
1st & land grant 4s
34-year 3%s deb
19
J-J
1970
A-O
104
7
39
101V4
105%
35-year 3Vis deb
97%
104% 105 %
1971
M-N
103%
103% 104
24
97 V8
104% 105 %
23
101 %
105%
___198(J
J-D
110%
110% 110%
23
106%
100
5
United Biscuit 3%s debs
1955
A-O
108
108 %
18
United
105%
1952
A-O
101
101
101 %
65
94%
102%
1958
F-A
100%
100% 100%
53
100%
101%
1944
M-3
101%
102
1 1943
M-N
F-A
1956
1960
Brass 3Vis
105%
M-N
B..1961
10514
*
M-N
100 Vi 101 %
Union
J-J
85
82%
86
108
58%
Ref
1949
A-O
50%
48%
50%
376
27
50%
1977
1967
M-S
*125%
M-S
*111%
1967
Gen mtge 3 Vis series J
1969
J§AR I Ark & Louis 1st 4Vis
1934
fARut-Canadian 4s stpd
1949
1§ARutland RR 4Vis stamped——1941
M-S
coll trust 4s A
Roch Gas & El 4Vis series D
mtge 3%s series H
mtge 3%s series I
141%
62
66
141%
124%
—
United
M-S
110
—
Z.
108 %
109
35%
39
413
22
38%
10 %
38 Vi
12
'Viu—'
9
14%
*
J-J
J-J
States
Serial
110
*108%
108% 108'%
104
105%
104%
111
108 %
124%
_5
110
Steel
Corp—
debentures
1.125s
'
M-S
mtge 3%s series A
__
110
RR—
Cigar-Whelan Stores 5s
United Drug 3%s debs
U N J RR 61 Canal gen 4s
86
141
Pacific
02
l§ARio
Gen
87%
28
J-J
J-D
Gen
12
*102% 103
J-J
gtd 5s—1939
Grande West 1st gold 4s..1939
&
98%
99% 100
J-D
222 %
109%
20
98 %
A-O
149%
220
110
97%
! *
31%
108
Union Oil of Calif 3s deb
98
71%
30%
J-D
Tri-Cont Corp 5s conv deb A
112%
106%
20
*22 2 VillO
r<
109%
107% 108
*147%
70 %
88%
*'v'Ysv
7
*92
*110
'•
•
100 Vi 100 Vi
t§ ARio Grande June 1st
cons
'116%
5s
1997
—1997
Rand deb 3Vis
Republic Steel Corp 4Vis series
Gen mtge 4Vis series C
A 1st
101 %
5s
ref
1956
Gen & ref 4Vis series B
Revere Copper &
High
68
45
ref
3s
Remington
Low
A-O
115
&
t§AUnion Elec Ry
1951
January I
No.
&
79
R
Reading Co Jersey Cent coll 4s
Gen & ref 4Vis series A
Range Since
Sold
1977
115
99'4
*109% 111
J-J
M-N
J-J
J-D
A-0
3s
mtge
Bonds
Hi-h
J-D
Union Electric Co of Mo 3%s
ref
&
Friday's
Gen
Tol
1st
or
2000
106'4 106 '4
106 >/4
M-N
M-3
Public Service El & Gas
Week's Range
Last
Sale Price Bid & Asked
Low
109
118%
98%
J-J
4s
3Vis—-—1968
1972
1st & ref mtge 5s
2037
1st & ref mtge 8s
—2037
Public Service of Nor 111 3Vis
1968
Stock
Ended
Gen
F-A
lAProvidence Terminal
York
Week
High
107 Vi
*110%
1977
1951
mortgage 3Vis
Range Since
Sold
Gen
Pressed Steel Car deb 5s
1st
Bonds
*108
„
M-S
J-J
J-J
1950
1st 5s extended to
Potomac
J-D
F-A
J-D
1st 4s ser A—1948
& Ash
Pitts Young
BONDS
Friday's
or
6ale Price Bid & Asked
Period
Monday, October 25, 1943
Va
Nov
2.05s
'
May 11949
99%
99%
*101
101%
101
101%
M-N
*100% 101%
101
101%
.—Nov
2.15s
*99%
M-N
1 1949
May 1 1950
;
2.10s
5
9%
15%
*101
Nov
1 1950
M-N
*101%
101
2.35s
12%
M-N
2.20s
12'4.
101%
May 11952
M-N
*102
101%
102
_
2.40s
Nov
2.45s
1 1952
M-N
*101 Va
May
;
1 1953
M-N
*101% 102%
2.50s
A-O
.1968
1947
1996
J-J
1996
M-N
105
A-O
JSt Louis Iron Mtn & Southern—
A§Riv & G Div 1st gold 4s
1933
A Certificates
of deposit
104%
2d
gold 6s
106
106
J-J
j-j
1948
St
JASt L Peor & N W 1st gtd 5s
L Pub Serv 1st mtge 5s
1959
M-a
1955
1950
74%
of
ACertificates
M 4 Vis
A Cons
j-j
37%
series
78 %
155
44
37%
1,545 " •
1978
A
M-S
-
19
38
18%
36%
732
20%
39%
36%
38%
29
20
38%
1,713
19%
39% w
54
19%
39 Va
34%
35%
34%
35
.
United Stockyards 4Vis w w___»._._1951
Utah Lt & Trac 1st & ref 5s
1944
Power & Light 1st 5s
1944
Utah
Vandalia RR
95
j-j
84
1952
j-j
71%
1990
j-j
47
1989
§ A 1st term & unifying 5s
AGen & ref gold 5s series A
St
*
M-N
Nov 1989
Schenley Distillers 4s s i deb
& N E 1st gtd 4s
71%
122
44%
47%
363
*91
j-j
1947
1941
1971
1952
a-o
M-a
103
103%
cons
g
4s series A
F-A
Virginia Pub Serv
F-A
&
Southwest
1st
mtge 3%s__1972
1st gtd 5s
1950
1950
Oct 1949
1959
5s
Adjustment
§ A Refunding
4s
of
ACertificates
A 1st
of
1st
'
mtge 4s series A
Oil
Union
Shell
2Vis
2%s sinking fund
1971
22
23
22
debs
1975
ser
B
30 Vi
2,309
30%
Walworth Co
27
29%
227
14
29 %
43%
36
31
56%
F-A
22%
23
21
15%
30
F-A
23
2
172i
29'4
J-J
J-J
1952
A-O
100 Vi
100% 100%
"101
F-A
1950
102%
102 %
103%
Tel
&
Tel
3%s
1962
Southern
Colo Powejr
Southern
J-J
1947
40
J-J
4s
(Cent
4s
coll)
Pac
Aug 1949
registered—
j-d
63 %
101%
104
1st
105%
107
Western
123
105 Vi
109%
6
103%
105 %
1968
M-S
Gold 4Vis
1969
M-N
1981
M-N
3%s
1946
j-j
1st 4s
1950
a-o
_
secured
Fran Term
South
Pac RR
1st ref
Stamped
Southern
gtd 4s
.
1955
J-j
Ry 1st cons gold 5s_____1994
gen 4s series A
1956
Devel
&
gen
6s
&
gen
6Vis
j-j
&
Devel
Devel
Mem
Div
1st
Southwestern
1st
&
ref
Southwestern
5s
1st gold
series
Pub
Oil
of
4s.
debs
debenture
Studebaker Corp conv deb 6s
Called bonds (Nov 1)__
A
JAWestern
A 5s
1st
5s
100 Va
l/0%
227
93%
100 Vi
97 %
97%
94
87%
98 %
■
314
70%
31
89%
82
92
73 Va
74%
80
68%
93 %
95
26
87%
a-o
96%
96%
97
9
92
101
30-year
68
84
Wilson
1st
4s
101
1964
J-D
J-J
106%
106 Vi
107'/8
106
111
111
111
2
107%
deljentures—
28%
31
91
1
31
88
103
2
100
45
97*
102
104
__
J-D
„
Z
J-J
*120V'a 120%
'
113%
120%
108%
110%
106
112
3
110%
1.12%
246
84%
109% 109%
Y';'
'
.
*110%
uo%
5
v
110% 110%
A-O
88 %
873/4
97%
74%
76
v..
98%
74 Va
'.
89
76 V*
75%
76
1950
M-N
100
4%s
..1951
30
65
94
29
36%
129
36%
'
'
99% 100
J-D
101
M-S
100%
__1951
M-N
86
100% 101 '/4
84
145
99% 100%
102
275
87
76
76%
100%
&
*101% 101%
•'Z.-Z
%
83
*'
'
■
101%
101 V
4
100%
102%
2361
J-J
54%
53%
55
98
43
61
2361
J-J
51%
51
51%
47
41%
56%
Co
1958
i960
104% 104 %
M-S
A-O
•
;
92%
1
*111% 1.12%
J-D
M-S
-Z-Z'
92 %
101'/4
*116%
;;
37
102%
104%
109%
61
101 %
101
J-J
92%
111%
88
93
100 V^
101%
114%
—
116%
Central
of
1st
50
1
41%
4s
1949
J-J
63%
M-N
19
63
1st 4s.__1936
66%
*_.
64%
19
deposit
19%
155
47%
67%
47%
Z'Z 35 >
65
14%
26%
15%
23%
111%
50
101
101%
89%
13
*110% 111%
1966
Apr
F-A
1961
J-D
105%
j_j
1945
105% 105%
J-J
111
53
*103% 104%
103'/a
ACertificates
of
deposit..
1951
*-j
1959
104%
107%
Conv deb 4s___
2
104%
105%
1st mtge s f 3%s series D
20
101%
110
...
110
*107%
—
109%
112%
107
2
.
108%
111%
101 h
41
101
101
101A
106
103%
1943
105%
110%
2
3
105 V4
105% 105'4
106
106V4
22
M-N
106%
106%. 106%
12
92
"
33
102% 102 %
51
101%
103%
3
101 V«
101 % 101 %
35
95 %
101 '/a
f
Deferred
delivery sale
in the year's range,
in the year's
03%
89
105%
105%
94
106%
107
not
n
Included In the year's range,
d Ex-Interest,
e Odd-lot sale not
Under-the-rule sale not included in the year's range,
r Cash sale
range.
^Negotiability impaired by maturity.
fThe price represented Is the dollar quotation per 200pound unit of bonds.
Accrued interest payable at the
exchange rate of $4.8484.
113%
105 %
91%
125
103%
2
106
102%
M-N
103%
120
104
112% 112%
M-S
i960
106 %
102%
8
103%
a„q
J-J
•
j.j
54
51
105
*303
112%
P-X
'
A-O
1971
104%
103'4 103%
F-A
1953
1968
112%
102%
j-T
.1944
''
Wisconsin Elec Power 3%s
Wisconsin Public Service 3%s
Youngstown Sheet & Tube—
105 Vi
101%
35,S Series b--1974
Smith 5Vis A
.1950
deb
33
25%
108%
M-N
1972
99% 100%
a
Company 3s
26%
'.„
:V
*104
M-S
guaranteed
not included
^
F-A
«•
—■
■
39
98
103
103
1960
ACertificates
Included
Texas
39
M-S
5s
§ ASu & Du div & term
100%
106
TWo
32%
f;
i-s.'
97% 100
97%
1st mortgage 3s
Winston-Salem S B 1st 4s
100%
81
j-j
*103
1st cons 5s_
27%
..
:'
*96
J-D
West Va Pulp & Paper 3s
_1954
Wheeling & Lake Erie RR 4s
1949
Wheeling Steel 1st 3%s series B...1966
98
j-j
M-N
gold 4s.__
100
J-J
assented
JAWisconsin
74%
94%
M-N
f
32%
61
106%
a-o
1956
s
SI
26 %
1977
Registered
82
85
1961
refund
100
44
34
66
9 7 V2
Swift & Co 2%s debs
c.ren
-Y';:
--
A...1946
ser
66
100%
Superior Oil 3Vis debs
Tenn Coal Iron & RR
gen 5s_
Terminal Assn St L
V'::
1946
Pacific
.
68 %
191
1953
2%s
series
52%
247
61%
1968
B
5 %s
53%
77
61%
104% 105%
83%
20
34
114
1952
55
63%
104%
98%
*32%
F-A
M-S
..1966
4s
West Shore
60%
*
86
111
*32%
•
F-a
1963
Westinghouse El & Mfg 2%s
61
'•
ref
1st
87%
1996
Standard Oil N.J deb 3s
2%
90
61%
87
72%
108%
61
*32%
..1950
;3>%s series 1
Maryland
69%
61%
85%
gtd
E___..
68
1951
4s
C
Serv
Calif
72%
62%
86%
&
5s
54%
__
169
a-o
ASpokane Internat 1st gold 4%s_.2013
Stand
64
.
1956
Bell Tel 3Vis
3s
—
63%
...1956
gold
Louis Div
St
89%
—
13
25
110%
•V *32%
1967
1st
Western Union Teleg gold
25-year, gold 5s—
62 %
j-j
_.
63%
98
109 Vi
30
83'/a
Ltg 5s stpd
Power
mtge
1st
123%
107%
108'4
:
80
91 %
110
51
a-o
1945
mtge 3%s
Penn
2
*85%
:
M-9
Gold 4Vis
West
18
89%
1949
1977
10-year
Gen
61
103% 103%
(Oregon Lines) A
Gold 4Vis
San
Westchester
102
$
1st 4Vis
mtge 4s
1st 40-year guaranteed 4s
105 Vi
Pacific Co—
6s A
•
F-A
a-o
101%
108
1st
'•
Q-M
4
*108'4 108%
108
92
102
99 %
60
*123
A-O
1979
30
101%
103
79%
104%
10
49%
a-o
1955
103% 103%
A-O
debentures
1976
RR 1st ref gtd gold 3%s__2000
Washington Central Ry 1st 4s
1948
Washington Term 1st gtd 3%s
1945
10SV4 106%
F-A
J-J
1963
*51
15
98
;
1978
Warren
42%
1961
1941
112
59%
50%
1980
:
29%
28
1964
Bell
ARef & gen 4%s series C
ARef & gen 5s series D
14
30%
30%
Socony-Vacuum Oil 3s debs
South & Nor Ala RR gtd 5s
3s
13%
50
98
M-s
inc 4%s
$ A Wabash Ry ref & gen 5%s A
t
ARef gen 5s series B
43
Skelly Oil 3s debentures
South
27%
49%
M-S
1954
debentures
110
Apr
M-S
.
93%
98
78%
110%
Apr
1935
1935
debentures 4s
Co
14%
28
355
97
j-j
1981
29 Vi
t§ ASilesian-Am Corp coll tr 7s
Simmons
301
46%
108%
114
110%
111
*91 %
M-S
1991
1945
6s A ctfs
certificates.,
B
4%
24
7%
108%
113%
111
A-O
1966
AGen mtge 4s inc series A
1933
A____.
$ A Seaboard All Fla
series
36
23
deposit
$§AAtl & Birm 1st gtd 4s
A6s
8
23%
deposit
series
6s
cons
ACertificates
46%
44%
103
W
106
A-O
8
101%
'109% 110
1958
5s
cons
Virginian Ry 3%s series A
126 Va
23
§ A4s gold stamped
A
12
102%
97
Wabash RR Co—
103
A-O
A-O
F-A
45%
93%
97%
6.1-J'
*108%
J-J
24%
104
123
44%
5
56
100%
ic
'111
111
M-S
2003
fSeaboard Air Line Ry—
gold 4s unstamped
102
102
99
M-N
AGen mtge
§ A 1st
99%
M-S
31
101 Va
45
102%
103%
89
17
*126
102
--
100% 101
101
F-A
102%
101%
101%
102
•
50%
6%
449
•'"v.o
71%
27%
104%
103
M-N
46%
:
.'''—•u v'5.'u
■
..
84
~8
30%
*102
97%
67
85
22
27%
29%
85%
42
94
21
F-a
1989
Scioto V
95
84
68%
j-d
Paul & Duluth 1st cons gold 4s_1968
1 ASt Paul E Gr Trk 1st 4Vis
t§ASt P & K C Sh L gtd 4Vis
St Paul Union Depot 3148 B
94%
81%
A-O
1955
1st
JSt Louis-Southwestern Ry—
1st 4s bond certificates
A 2d 4s inc bond ctfs
*101%
*102% 102%
A-O
Cons s f 4s series B
1957
Va Elec & Pwr 3%s series B
1968
Va Iron Coal & Coke 1st gold 5s__1949
Va
'•
M-N
;
*101%
,'Z
•
103
37 '/a
36
39%
35
May 1 1955
2.65s
i-'Z-.:.
86%
35
35%
deposit stpd
M-N
102%
101%
•
100'%
37%
36
1 1954
101%
•
75%
91
73
9
—
Nov
101%
101%
•
*101% 102%
'Y
iv-
96
39%
.
deposit
ACertificates of
75%
90
35
>,/
96%
M-N
M-N
67
38%
—-
5s series B
lien
APrior
11
99%
*86%
j-j
1950
{ASt L-San Fr pr lien 4s A_
ACertificates of deposit
107%.
77%
147
96
99
;
106
55%
96%
96
j-j
1
1 1953
May 1 1954
2.60s
108
__
95
74%
99
65%
*60
96%
11
106
*62%
96
St- L Rocky Mt & P 5s stpd
105 Vi
Nov
2.55s
Saguenay Pwr Ltd 1st M 4 Vis
St Jos & Grand Island 1st 4s
St Lawr & Adir 1st gold 5s
101%
tCompanies reported
the
Bankruptcy Act,
or
as being in
bankruptcy, receivership,
securities assumed by such companies.
•Friday's bid and asked prices;
A
Bonds selling flat.
no
or
reorganized under Section 77 of
sales being transacted during
current week,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4223
Volume 158
1657
mew YO:
WEEKLY
NOTICE—Cash and deferred delivery sales are
In
they occur.
the week in which
footnote in
a
16 .and
ending
Last
Exchange
Curb
Ended
Week
Supply Mfg class A__
Aero
—
LOW
—
—
1
.—
Blumenthal
22%
July
Sep
Sep
Bohack
■
3%
4
900
3%
Oct
51/4 May
-—S
714
7'A
200
5Vz
Jan
9
1
.7%
7%
600
5
Jan
Aircraft
_50c
Air
B
Accessories
Investors
Convertible
Corp..
-10
preferred—
Alabama
Great
Southern———50
*
preferred—
$6 preferred—
———
*
Allegheny Ludlum Steel—
7% preferred ————
—100
Alles & Fisher Inc common—
—1
Allied IntT Investing $3 conv pfd
•
Allied Products (Mich)
———10
Class A conv common.J
23
Aluminum- Co common
6 %
—
Goods
Mfg
Ltd
Aluminium
American
Book
Box
——
July
Oct
Apr
110
Apr
Apr
9
May
24
Jun
28% Mar
Jun
29
100
25%
108% 113
noy4110%
104% Aug
Jan
3,800
110%
2,750
106%
13%
Jan
6
Jan
86
100
10%
10%
7 %
Mar
128
Apr
115% July
18%
Oct
Jan
11%
Sep
103%
Jan
i'a
300
108%
107
/A
Corp
Jan
class
A
;
120
Mar
Oct
109
2Va July
33
Mar
A
Amer dep
200
rets ord
Brown
Jan
Jan
8 % May
$5
Oct
9'A
$6
42
2 Va
2%
900
•ft
Jan
July
37
July
3% July
37 Va
Jan
45
41%
43 %
3,800
36%
47 % July
1%
10,600
%
Apr
Jan
15%
15%
250
Jan
17%
25%
26%
5,800
108 % 109%
600
39%
36%
36"
36%
40C
15%
Jan
42%
1
25%
108%
19% Jan
93 Va
3%
40C
5%
5 Va
12
25
Jan
Jan
July
3% May
Jun
29% July
112
July
;•
.
28%
25%
25 3a
25%
500
2,900
17%
17%
18»/4
34
35
89 %
,
19%
Feb
25
Jan
89%
60
80
1%
79,100
%
Jan
1%
Oct
700
20%
Jan
26%
Sep
—
■
'
'
:'A>
.
•
1
1%
Sep
25%
'v
V
..."
Jan
Jun
July
50
'
.1
28
13
5,400
23%
Jan
26
25 Va
Jan
49%
49%
49%
75
Jan
57% Jun
12%
10%
12%
13,800
5%
Jan
13% July
4Va
200
2%
Jan
5 Va May
A
5,600
A
Jan
II May
104 Via 105%
50
4
45
26% Apr
39% May
89% Oct
%
Vit
.
•
60
Jan
...—*
.——•
104%
15%
14%
15%
1,400
2%
Jan
Thread 5% preferred—5
American Writing Paper common—*
3%
3%
3%
800
3Ve
Jan
4%
4%
4%
2%
2%
1%
2
American
:''w '
-
2
2%
Jan
Jan
5
1%
Jan
2%
4
3%
4%
.
35%
10
10%
preferred———...——.10
8%
Jan
260
97%
Jan
4%
7,800
1%
Jan
4%
18,200
1%
Jan
800
8%
Jan
96
95
Arkansas Power & Light $7 preferred.*
8%
8%
2.50
300
14
May
2
500
10%
13.%
107% 108 %.
107%
4
1,100
:
140
88%
9
800
8%
Oct
17 y4 July
2.100
'
Anchor Post Fence—
—2
Angostura-Wupperman ——_——1
Apex-Elec Mfg Co common.;——•
Appalachian Elec Pwr 4 Va % pfd—.100
Arkansas Natural Gas common.——.*
Common class A non-voting——*
105%
5%
Sep
May
15%
111
Jan
Jun
Aug
5%
Jun
6%
Jun
10% July
Apr
99 %
Oct
10% Aug
Sep
A
'1
8
8
'■■■■
8 %
200
6 Va
1.000
5%
Jan
4%
Jan
12%
6%
.
Jan
10
-
7
Jun
July
17%
Mar
Jan
23%
Jan
12% May
7% Mar
Sep
22% Sep
'
'
2
22%
Jan
61
Jan
6,200
Jun
Sep
12%
Oct
'
V
5%
5%
300
iy4
71%
475
11%
11%
2Va
400
70
400
1 Vs
11%
119
Aug
7% May
1% Apr
Jan
fs Feb
44V2 Jan
75
May
10% Mar
■
12% May
30 Va
Jan
33
14%
V I--.
—
--
£1
Jan
18 % July
July
12%
100
4%
:
14
15%
81%
Co
——
Inc
6,800
5
Sullivan
A
.;
Oct
81% ,Oct
Jan
108 % July
2,600
A
18%
100
14V2
$3 preferred
9%
Burma Corp Am dep rets
Burry Biscuit Corp
Butler (P A) common.
14%
14 Vz
14%
98%
96%
98%
11%
11%
6Ve
Jan
r
98%
Oct
13 % May
Apr
A Jan
% Jan
31% May
1% Jun
,■/" 2% Feb
1%
1%
3 V»
3%
Mar
16% May
Jan
9% Jan
2,300
Oct
Feb
10
•
82
700
5% Mar
25
*
....
May
19%
10% Jan
3,900
,
■
12%c
2
Jan
Jan
7%
1,200
•
...
Jan
5
-
^
18
5'A Jan
1%
9%
2.50
July
Apr
80
•
.
i
—^
9 %
Aug
4% July
15
75
520
~
■
5V4 Aug
Sep
1%
1% /■/:
:
.
Burco
15%
11%
18%
__1
common
common
&
Aug
Sep
22
Aug
1% Jan
600
8i y2
77%
•'-IV
Buckeye Pipe Line—
*
Buiiaio Niagara & East Power—
$1.60
preferred
.25
$5 1st preferred
A,
*
Hill
Feb
22
100
14
11%
*
Bruck Silk Mills Ltd
Bunker
17
'
'
-
3%
13%
......L
(unassented)
•"U w
3%
3%
•
Formau Distillers.
(EL)
18
Jan
300
4
■'
*
prior preferred————■*
pfd
Jan
11%
1%
16%
16%
£1
_—1
preferred..—
3%
1,300
700
4% July
'
25c
—
—
c
Cable Electric Products common—__50o
Voting
Cables
Calamba
dep rets 5%
Sugar
California
Fire
pfd.
•h Jan
1%
Apr
100
Jan
IVi
Apr
3%
Apr
Aug
i
6%%
Participating
non
Jan
7
1,700
1%
Jan
7%
3%
..5
/ 3%
4%
4,100
1%
Jan
6% July
I
«•
''
u.:-
22 Vi
Jan
3
Jan
140
23
Aug
3 Va
Oct
■:'■
•
voting—
■'
...
•
.
prelerred—
■
:
—
__
/
4% July
4%
"l%
•
~l%
12,500
11%
1 %
.1
_
Products—
11 >2
200
U
150
Class B
Co
Corp
Jan
2% May
13% Mar
23% May
Jan
A
Carter
(J W)
Casco
Products—
(A M)
Catahn
Corp
Central
Hudson
of
13%
14
Central Maine Power 7%
Central
& May
Jun
Feb
6%
Jan
13
Jun
15 Vi
i--
■
Jan
20
July
:
50
8% July
'
4%
Feb
.1
3 V*
3%
3%
600
2%
Jan
com—.*
America
& Elec
Jun
■ ■■■■
"20
20
18%
Jan
1,900
—'■
—10
9%
9%
9 Va
600
6
Jan
10
July
114%
Jan
116
Aug
84%
Jan
99
Oct
.
Gas
Sep
Aug
Aug
Jan
7%
7
14%
.'—
..._•
Co—
&
..
I
—1
common..
Apr
July
112
38%
125
V
*
-
—...
7%
49
116
102
48
46%
:
/".
;.
,..
—
5% Aug
Jan
106% Jan
*
....*
common..
Co
—
Light $7 preferred—•
preferred...
Carrier
*
.....
common
Carolina Power &
$6
A
—
Carnation
22
'
class
Co
Oct
Mar
9%
■
&
Sep
'
-...—.100
Canadian Marconi.
Carman
Aug
Alcohol—
Canadian Industries Ltd—
City
-
.
Oct
...
pfd__100
voting—
Class B
3%
6%
''
preference.-——25
Industrial
A
100
6%
Aw
1
_
Assn.—
~6% "6%
6%
1
Foundry Ltd—
Class
Capital
100
H"
3 Va July
10
Corp....
Insurance
Car &
—_
Power..
Cement Co Ltd
Canadian
7%
ir
12
—._£!
Estate new
Electric
Tungsten
Camden
Canada
12
.50o
Wireless-
American
Callite
certificates!
trust
&
Castle
'
.5
Ashland Oil & Refining Co.———1
Associated Breweries of Canada.,——•
....
Apr
2
3
■
A."
12'%
42% Aug
Jan
20%
55C
Jan
Jan
13%
9
Jan
11%
7%
200
4 V'4
-/
6Va July
36% Sep
33
34
34
Feb
Jan
%
10%
4
reg—...——10s
Columbia Power class A
Class
5%
Jan
%
ffe Jan
'•
21 Va
10 Va
11%
.....•
Fence & Wire common
Jbrown
4%
15%
28 Va May
9
July
Ltd—
Canadian
Art Metal Works common.
4%
_•
Celanese
British
20%
500
Superpower Corp common—•
new
10 Va
..*
dep rects ord bearer....
dep rets ord reg_—_f_a_
Am
100
39%
—.——
Equipment Corp
34
'8
U'--'"1:I 21%
•
B
British
210
38%
82% July
Jan
Tobacco-
200
Jun
Apr
Jan
2%
1
__
15% July
11% July
6
300,
-I
1
...
Oil Co
7%
preferred
American
Aro
"9
'
American
Bruce
American
6%
"9
preferred...
——100
Mfg Co common
•
Am
6Va
30%
Light-
preferred—
46
16
common
Brown Rubber Co
—100
Maracalbo Co
—
—1
Meter Co
——
—*
Potash & Chemical———*
Republics.———10
Seal-Kap common—
2
$6
260
1;
British American
7%
.—1
—1
American Hard Rubber Co
25
American Laundry Mach——20
American Light & Trac common—25
6% preferred—
...;
25
American Mfg Co common——100
1st
79%
,
i00
Corp
Class
Feb
79
—_—1•
Prelerred
Class
Jan
3 Va
Bridgeport Gas Light Co.——•
Bridgeport Gil Co
——*
Brillo
6
——.100
Aeronautical.—
Kim*
300
23
•
common
preferred—
Brewster
Low
12
79
100
Inc
2d
Range Since January 1
High
11%
...25
Brazilian Traction Lgt & Pwr—*
5%
29%
7%
$6 series preferred.—.
Low
.*'
...
1st preferred
$5
Sales
Shares
"
1,200
89
88
88%
II5o
..
shown
for Week
Range
of Prices
11%
..._..*
Co common..
British
General Corp common—10c
convertible preferred————1
American
105%
23%
American
American
114
Jan
—
—
American
Jan
Jan
91%
—
30%
—
Bourjois
7%
—
American
72
102
4
—23
Class
A——-———.—>25
Class B—.—-——
1
American Cyanamid class A.
.—10
Class B non-voting.—
10
American Foreign Power warrants-—American Fork & Hoe common——•
American Gas & Electric———10
4%% preferred—
—
—100
Preferred
93% May
10
110
.100
Mfg_.
$2.50 convertible
3% July
10
i
—.
American Cities Power &
Convertible class A
$2
Jan
90
92.
105%
25%
(H C)
Breeze
1%
—
Co common. .—1
Co—
Central
American
80Q
112
.100
fs May
1/64 Mar
2,500
2%
& Cqi—
1st preferred—
Brill
common-
Board
1/64
92
105
common—.——.
American Beverage common——
American
3% July
35% Jun
——
preferred——
6%
Jan
105
»
Aluminum Industries
4% May
Jan
112% 112%
—
—
—
preferred
Aluminum
Feb
1%
2%
2%
Electric Appliance—.—3
7 %
(S)
Bowman-Biltmore
1%
27 %>
1/64
—
Air-Way
Alabama Power Co $7
35
Last
Sale Price
22
Borne Scryraser Co.—
100
2Va
2Va
35
Week's
Friday
Exchange
Oct.
July
8% May
700
6,300
3
2%
3
2%
2
common—
Warrants
3%
—1
—
—.
Curb
Ended
Par
25
Feb
Ainsworth Mfg common
Air Associates Inc (N J)—.
Class
York
Week
High
:
17
20
-10
Co common——
New
Range Since January 1
High
Low
Par
Acme Wire
STOCKS
Sales
for Week
Shares
Range
of Prices
Sale Price
2%
Oct.
range are
record of the transactions on the New York Curb Exchange for the week beginning on Saturday,
1943). It is compiled entirely from the daily reports of the Curb Exchange itself, and is intended
bond, in which any dealings have occurred during the current year.
Week's
Friday
STOCKS
York
New
outside the regular weekly
(Oct. 22,
security, whether stock or
to include every
RECORD
they emi the only transactions of the week, and when selling
computing the range for the year.
-
disregarded In the week's range unless
No account is taken of such sales in
Friday
present
the
YEARLY
list we furnish a complete
In the following extensive
Oct.
AND
preferred.100
■
■
Associated Electric Industries—
200
—£1
rects reg_!
Associated Laundries of America—
American
dep
7
Va
Atlanta
Tel
Light 6%
Atlanta Gas
100
preferred-
Atlantic
Coast
Fisheries———1
Atlantic
Coast
Line
Atlantic
Rayon
5%
5%
5%
Feb
69 %
&
Feb
108% Aug
3% Jan
2,200
8
Feb
1%
Tei class A——
Birm & Coast RR Co pfd. .100
Associated
Apr
2%
80,
111%
Ohio
Central
Power
May
Central
33
Corp.—————1
8
33
75
28%
Jan
6%
Sep
40 %
May
8 %
July
8%
2,000
4%
Jan
1%
1%
1.400
%
Jan
2% July
5%
5%
100
5%
Oct
8%
15%
Feb
2%
Jan
Sep
5% July
Machine.
—•
Avery (B F> & Sons common..—5
6% preferred.
—
—
25
Ayrshire Patoka Collieries——
1
4%
4%
200
3%
Jan
6
Jun
9%
9%
200
July
Sep
warrants.——.
Drop
...
Automatic
Voting
8%
7%
8 Vat
45/4
Jan
11
Jan
23
5'A
1,400
Apr
25
16%
Jan
8%
Proaucts
&
Oct
B
Metal Weather Strip1
ChamPerlm
Corp
231/4
19%
900
Jan
26
Jun
Baldwin Locomotive—
Purchase
7%
warants
for common
preferred.——
Rubber
Baldwin
Co
Stainless
Barium
Barlow
&
Seelig
Steel————l
7%
Beau
(L)
CO CO
"6
6
2
2%
4%
39
6%
2%
3,800
2%
Jan
400
29%
Jan
200
3%
2,400
%
150
9%
>
3
14
1
4%
15
5
Chief
Brummel
Ties
—
_l
Mills Inc common—
10
$1.50 convertible preferred."—
16
6 J/8
—
6%
100
14%
14%
200
Co__5
8%
8%
Mining—
Bellanca
Aircraft
Benson
1
common—
Bell Tel of Canada
$3
Jan
1%
~2%
"2%
100
Oct
6% July
3% Sep
45
6%
common
15% July
25
July
•
Co.
6%
preferred
Colonial
Patent
Columbia
5 %
Jan
1% July
13% July
convertible preferred—*
For footnotes
see
page
1661.
Fire
7%
7 Va
7%
6
1,500
II
'
—
—
.
.
13%
2
44%
13%
21/4
45
Jan
10
3% Jan
Apr
9% July
2,800
10% Jan
16% Mar
500
ft Jan
■
550
37%
Jan
3
50
May
Julv
1,000
Gas &
&
81%
91%
t
c
$3
&
—1
warrants
Oct
Feb
8
Jan
22
5Vi
35
14%
1,050
Jun
July
1% July
Apr
Va Jan
400
14 Va
12%
8 V* May
13
100
18%
34
5 V*
Apr
35
28% May
July
200
6
Jan
19% July
100
12%
7 '/a
Jan
14
2
■
July
3% July
Mar
8
/
Mar
:
11 Va
Jun
1% Jan
4,100
^7%'
~8
1%
1,000
2%
2%
48 %
40C
49
5
Jan
3% Feb
90C
8
IV* July
4
638
5%
47
.
Southern
280
.59
.100
57%
57
warrants-
3/64
3/64
.25
1
21%
21%
%
%
—
Public Service....
Water Service..,
—1
1946...—
Coke Secur common.,
1,200
21%
•
•
<
V
Oct
-
-
'
Apr
10% July
-4
•
Jan
r,
July
*55%
•
Feb
.
100
Co
A
ioy8
Iff
10 Va
200
1/64 Jan
.....1'
....J
3*2
July
1% Apr
& Jan
11% July
7% Jan
%
Apr
Sep
Mar
22
Jan
14
•
_•
4 % % series B preferred—.100
4#> preferred series C_—
100
Utilities.
—■
60
Jan
24
300
•
% May
,
26% Jan
27%
Jan
200
2%
Jan
5%
1,100
56%
Jan
Jun
July
•
;——
Biscuit
Gas
Sep
91%
Apr
Jan
•6 Va
—
•.
2%
Consol G E L P Bait common....
Consolidated
Jun
Jun
97%
Jan
Electric—
preferred
Consolidated
11%
96%
76
■
Arms———.25
extended to
Conn Gas
Jan
Jan
73
10
% May
26% Aug
Jan
4%
•
Compo Shoe Machinery—
V
Sep
Jun
July
18% May
98 % Jun
Jan
51 Vi
300
——£1
;—
preference
Community
%
4,500
8%
—
6f/4
————
Airlines—
8
Mar
9
3%
.*
Commonwealth
9% Mar
14 V4
86
—*
common
ordinary
Apr
50
13Va
84
■
/..100
Co
Mar
5,500
::/:
_•
Corp
Utensil
Plow
84%
% Jan
Vw~Y;".:
10
Development
Aluminum
5
Jan
Jan
"
,136
Jan
13
Sep
Sep
Aug
4%
Cleveland Tractor common.
Club
105
Jan
64%
575
20%
%
Oct
42
14
84%
9112
Co
Coal
80
50
■
19 Va
18%
Jan
45
"]§•
9
9
14 %
'
1
Clayton Si Lambert Mfg——
4
Cleveland Electric Illuminating——..*
2%
Jan
13
Jan
5%. Jan
Lights Inc
Colorado Fuel & Iron
Jan
~~%
Jan
9%
'-.J'
250
$7 preferred—*
Colt's
35%
~~tt
4Vi
100
83
1
Neon
115%
l
1% May
10% May
Sep
Jan
48
Sep
33
I—1
;
Oct
Jan
6%
400
99%
814
Sep'
•
(E. W) common
—;
„_i
Ridge Corp common..——
,1
optional
Oct
•
Birdsboro Steel Fdy & Mach Co com—•
Blauner's common
Blue
May
99%
1
—
& L
Controller
Claude
Community
&
Hedges common..
preferred
Berkey & Gay Furniture..
Bliss
7'A
Feb
108
Apr
7,800
%,
82 Va
83
60c
Colon
21% Mar
—.100
Convertible
Bickfords Inc
■
9% Mar
Jan
102
4Vi
.100
——10
preferred
preferred B
$6 preferred BB
$6
15
Jan
3%
.20
14%
7%
•'
.75
10
Cities Service common.,
Jan
Apr
'
.
108
6%
preferred—_—
Jan
Jan
107
•
■%
common.—
Consolidated
Childs Co
Clinchfield
4
/
....100
-
'
7% May
3Va Apr
1%
3,300
common
.
6%
—5
Chesebrough Mfg
—25
Chicago Flexible Shaft Co—_——5
Chicago Rivet & Mach
4
Cockshutt
common.
1st preferred——
Beauni;
Jan
7
39%
Mfg—
Basic Refractories Inc..
Baumann
1
common—
convertible A
$1.20
4 Va
4%
—30
v
Cherry-Burrell common
Clark
221/,
280
:'
—■
—1
preferred
City Auto Stamping
City & Suburban Homes
22%
*
99
.50c
Utilities.
West
Co
$6
—•
98 Vi
—1
pfd....100
Light 1%
South
&
A'rcraft
Cessna
Cities Service P
Babcock & Wilcox Co..
89
100
■
Forge common———5
Atlas Plywood Corp—
—
—*
Automatic
Products...
1
Atlas Corp
Atlas
pfd
'
Charis
50
Co
Steel
Central
Sep
Jan
Power 5%
York
New
~4%
4%
64%
4%
65
67
50
"4% "4%
700
Jua
,
Jan
121
103%
II6V2 116%
Jan
HO'A Jun
2
Jan
111
5
Jun
1658
THE COMMERCIAL & FINANCIAL CHRONICLE
STOCKS
New
York
Curb
Week's
Oct.
Sales
Range
Friday
for Week
Last
Exchange
Week Ended
Sale Price
22
of Prices
Par
Consolidated
Retail
Low
STOCKS
New York
Shares
Range Since January 1
High
Low
Mining & Smelt Ltd——5
Consolidated
Stores
8%
preferred
Consolidated Royalty
Consolidated
Consol
Steel
Textile
100
—10
*
Oil
Corp
Co
6
6%
100
preferred.
prior
Continental Roll &
9%
4
10%
4.800
Steel
■'i Si**
1
10%
11
500
9
200
9
Jan
8>A
Jan
4,800
12 %
12%
13%
*
~5%
Range Co
Cornucopia Gold Mines
Inc
2,200
6
in
& Reynolds
preferred A—
1,250
43A
.
Petroleum
common
preferred
convertible
~i%
1%
86
86
2
86
2
it.
o
1
50
22
200
99'/2
Jan
American
W
dep receipts
Croft
Brewing Co
Crowley Milner & Co.
Cent Petrol (Md)
Crystal
Oil* Refining
preferred
$6
A
27
9OV2
26% July
~~%
Cuban
Atlantic
•
100
%
3.800
372
100
1 Va
Jan
Jan
"9%
2%
2%
*~2%
15%
Cuban
Tobacco
100
.
%~%;
•
common.
"%
%
12
12
17%
2 Va
18
5
4%
Jan
50
6
18%
6,600
11
1%
100
Sep
Sep
2% Aug
25 Va
Jan
Sep
IV2
15 V2
Feb
Apr
Apr
Feb
22%
1%
Feb
3V2
1%
*
2.50
common
U May
4% July
Jan
%
Sep
10% July
9%
U
300
July
30%
6% Mar
700
V
Jan
2% Aug
19 VA
.'<•
9
Jan
37a
A
i'n
~9%
•
Sugar.
Lighting Inc
Curtis Mfg Co (Mo)
4.400
2 Va
3 !h
10
Curtis
28%
25
common
Jun
13% Jan
100
2%
a
2%
25c
Drug Co common
convertible preferred
2% May
?
3 Va May
5
International
Cork
Crown
Crown
...
Gilchrist
Sep
3
July
10
9
9
$6
Apr
Mar
;
.'■3;.
3
:
4 Va
4%
%
12%
1
Detroit
Steel
Products
De Vilbiss Co
%
7
Co
common
1
common
Shoe
Truck
Co
common
Domestic
Industries
Steel &
Harris
Durham
Duro
J.
9
•
71'
71
V,
3%
Jan
11
Alden
$7
Coal
■
__
'
■
'■'
66
Oct
78
3
100
2
%
200
1
Va
Jun
76
Jan
2
Aug
31%
A
Jan
3
2
Jan.
•
10'/a
10%
200
Apr
4
Mar
3
v
Jaa
8
Oct
Oct
9% July
Jan
Jan
1
./;
—.
Consolidated
Mfg
Co.—
33%
1%
1st
Pacific
stock.
common
4
•
% 81
East
Gas &
Gulf
States
$6
Utilities
$5.50
preferred...
July
ll7/a
series
Easy
t
v
Washing
$5
$6
Apr
%
57%
58
475
42
Jan
59%
32%
33 Va
575
19%
Jan
38%
25
20
Jan
26
c
1
;
Share
41!«
Corp
$3
•
900
•2%
Jan
Apr
8%
2
Jan
9 %
May
Jan
82%
Oct
5,000
43%
83
84%
52
700
l
700
1
y
1
Hall
1
2,100
9
Jan
4%
July
Sep
31
Jan
9!
8
May
98
10
88
Feb
98
Oct
41%
100
29
Mar
41%
Oct
6 %
Jan
"l%
12% May
1,400
170
Jan
1% July
31
31%
5
31 %
275
22'A
Jan
5!«
1,600
2%
Jan
4%
33
1
16%
Hammermill
Falstaff
33
50
16% ♦16%
1
Brewing..
Metallurgical
Florida
Ford
Power
&
Motor Co
Am
Ford
dep
rets
Motor
Class
A
Class
B
Ford
dep
of
rets
7%
1%
25'%
200
1
7
5
(Peter)
Co
Conv
■"
100:!'u
35
May
5%
Jun
Jan
34%
Jan
17% May
100
Sep
10% Mar
,
3,900
rV/i
Jan
3
Mar
7'A
Jan
13
Jan
24
July
July
10
3%
Jan
30
57%
Jan
."
69 "a
•.
100%
175
81%
1,500
3V4
20%
400
15%
Jan
20'A
200
16%
Jan
70%
Jan
20'A
6% Jun
Jan
4%
20 V«
Canada—
•
__
•
20 V8
France—
beareri.
8
'■
1*4 Mar
...
Hearn
2%
..1
2%
18%
15
■
—
1
18%
•
15
19
12
preferred
'
Mar
2%
1.000
100
'
—,
.'
200
12
■
'.
—
2%
11!
8
19%
•
•
■
Oct
104'% Aug
6
May
Dept Stores
convertible
common
—
Hec.a
ctfs
36
Mar
5%
Jan
10
1%
Jan
Jan
Apr
4% May
114
Sep
115% July
—6 % Sep
6
19%
l'tt
common™
7
;
25
Jun
50
May
&
Jan
2
Aug
800
2%
200
l'A
200
19 Va
,
3%
600
1%
Jan
41'%
41%
6V4
"67«
:
.4.'—''''''•'M'?'
67b
•
*
20
i'J
yyyyi '.'y.V
:
•; .27;
•
5
f':
& Co class A
46
Jan
77A Apr
11% May
9
i
Jan
6
Jan
7%
Jan
Jan
27% July
'
'~ -r*;
S.v!
...
.
July
llVa May
9% Jun
Jan
-22%
200
'iy '
Heyden Chemical common.—_i.__2.50
Jan
Jan
11%
27
6
May
x33!4 May
4% May
4'A
_w;
;•
Jan
6Vb
'■
■'
25
Rubber common.—
31
1,700
-C—
's'.!
May
% 2% Sep
Jan
3%
3%
—.2
'
July
Feb
Jtm
29%
29%'
V-Z
■
*
.•
...
1*%.
2%
25c
:
Hewitt
(R)
Jan
17%
•/•A--v
__50
%
Henry Holt & Co participating A^
Hoe
4Vb
100
42
*
Co
Preferred
400
-
19%
v
-
5
Class A.
Heller
6
19%
:
•,
14% July
Jun
15%
21%
10
27%
800
21
27%
•
23
27%
100
15%
Jan
2.300
6%
Jan
11%
50
Sep
16%
Oct
25
Jun
29%
Jan
May
24'
Hollinger Consolidated G M._.
Holophane
Horder's
Hormel
Co
common
Jun
;32% July
81 Co common..
Horn
(A
Horn
&
Hardart Baking Co
&
Hardart
Co
Oil
17%
"
...1
^4%
•jlL
•
.
4
100
26
26,
; 26
ty-i
:
I'.1
:-
17%
'r
23'A
108%
150
14%
Jan
300
■'
3 8
Refining.;
Fibre
—•
Corp.—
Ligonier
79'%
77% ■
♦
1
common
60
Jan
200
3
300
5%
Oct
1%
2
500
y-,o
8:i 8
8
,
.
v'
Oct
5'A Mar
8% July
Apr
Jan
■
_
83
Vff Jan
8
•
8%
Mar
Jan
6
;
."r'-fyV"
5
3.500
4%
1
Hygrade Food Products....
82
5%
6
Va Aug
27% Apr
115% Aug
20%, Jun
Apr
4%
•v
5.
;
Co
Mar
4
Feb
£3,.
100
—..5
34
105
3'/a May
103% Mar
..
...
.•
'
&
Hummel-Ross
"
—
'
common
(Harvey) Inc
Humble
10%
17%
•
preferred
Hubbell
10'
•
(Geo A)
C)
10
...•
...
Inc
Horn
5%
—3
•
22 V3
Jun
1
Jin
4"«
Jun
3V4
Jan
9%
Jun
5
Sep
.-i
1,200
Illinois
5%
Iowa
Power Go.
convertible
Dividend
Zinc
Imperial
Am
4%
4%
42%
4%,
41%
—•
1.100
£1
10
Oct
16%
Apr
12%
600
Jan
9% Jan
%.\
_•
coupon
13%
Imperial Tobacco of Canada
5% Mar
13%
5
34
13%
14 v-
2.800
'
22
100
preferred.—.
preferred
:
...
100
v
t
c
common.
—
International
Industries
International
Metal
Jan
24
112
70
91
Jan
870
20
Feb
451
48
150
20%
Jan
■
%
Jan
1% July
75
15%
Jan
38V2 July
69%
Feb
87'A
12 Va
Jan
16% Jun
Jan
11% May
15
500
8%
50
-■
7%
8%
3'%
3%
2%
200
3%
2,700
«
1%
Jan
8V4
;
.'
Jan
5
coupon
shares.—
:
Products
International Safety
—:
Razor
B
8%
1.300
18%
19 "4
3,800
18%
18%
100
8
______
Petroleum
shs„•
8
18 %
—
10
.*
International Utility class A—
7%
1!«
>
1'%
•
10% July
Jan
21'A July
21
Jan,
6%
9%
Jan
% Mar
B
•
$1.75
preferred
$3.50 riior preferred
Interstate
Interstate
.•*
Home
Equipment
Hosiery Mills
Power
%
*
18
3%
Jan
%
Jan
A
150
7%
Jail
19%
200
\'<r
19 "2
,
1
"
44
43%
43;
32
100
:
1%
"3% '*3%
1,800
21%
•
$7 preferred
•
Royalty—
1
Iron Fireman Mfg voting trust ctfs.—•
Italian
Superpower A!
3
Aircraft
3%
Jan
Feb
24%
Jun
Jan
4%.; Apr
Feb
is July
Jan
21
7%
Jan
10%
July
Jun
Jacobs
Oct
Oct
14%
25
18 Va
Jun
45 Aug.
1/4
.
18%
Jun
1 %
Investors
Irving Air Chute
Jan
1%
500
1 %
July
1% May
12'A Oct
1,400
12%
12%
14
200
Va
Mav
Aug
13%
400
8
1
8
Sep
14% July
International Minerals and Chemicals—
Warrants
Oct
Oct
100
29
85%
15 ■<:
15
Sep
*
550
1%
28
•
Aug
48
84%
10
1
16%
111%:
1 VA
inn
A.
Jan
600
45%
'';'
...1
Inc
Industries
:
38%
48
International Hydro Electric—
Preferred $3.50 series
15% July
15% July
10% July
Jan
35'%
44
;
preferred
'22
1)1
.100
Insurance Co of North America..
International Cigar Machine.:
Class
Oct
7% July
Jan
9%
%_
'
6%
10
500
9Va
'
2 r2
7%
43
Jan
12%
•
Industrial Finance
Jan
3
9%
Industries—
regis..
Registered
7%
25
8%
•
(Can)
Service
1
1.300
3,600
43
:
9%
Co
rets
'
—50
certificates...—
Chemical
dep
Imperial Oil
———*
preierred..
arrear
1
—
•
8
8 %>
400
IVi
1%
1
%
400
'6 Va
4,700
Apr
2
Jun
6
Yb Jan
v
Jan
Mar
July
42
Aug
4% Mar
20%
Sep
Jan
22% July
15
Jan
44
Jan
64
Mar
Apr
July
J aeons
(F L)
Jeannette
—
7% Mar
...
73
—
73
20
1%
1%
%
100
68%
100
%
—
—
—
..1
B..
—
1
Jan
%
-
Jan
Jan
.10
14%
•
1661.
—
—
Jan
2
....
—
9%
14%
—
400
—
Jan
7'A
—
.
page
1
'
i
....
1
Jersey Central Pwr & Lt 5Va% pfd_.100
6 %
preferred
\
100
preferred
_%
.5%
%%
85
94%'
r*
6%
Jan
2%
Jun
Jun
66*
Jan
80
69%
Jan
20,
79
Jan
102%
Oct
25
102'% 102%
19,%'. 19%
19%
Jan
1
100
94
-
2%
100
85%
94
3%' Oct
800
r<2
100
Kokenge Co
4
•3%
•
13%
Jan
19%
Sep
10
July
82% July
2% Jun
89
97
»
Alia
Aug
1%
May
K.%%
Kansas Gas & Elec 1%
Kennedy's
Inc
preferred
...
Feb
Xl3%
Sep
90
Apr
13%
Sep
Vgi/jj
"9%
Jan
9%
Oct
14%
Apr
5%
Sep
200
4'A May
8% July
16%
111
Apr
Oct
Key Co
*
5%
...
Kings Co Lighting 7% pfd B
5% preferred D
i__
Kingston
Products.—
Kirby Petroleum
100
•T 32
2%
...
'
•■■"
2%
2r>a
4!a: ."4%
,
-
300
1,100
.
55
Jan
41
Oct
Jan
4
Jun
Oct
1%
.
—j
Sep
*
July
45
100
1
May
Jan
6%
5V2* Jan
.3
•
common
123
115Va
100
Ken-Pad Tube & Lamp A
.£1
Fireproofing common.——!
preferred
Engine Co
L
Co
Glass Co..
•
loo
5 ,o preferred
series A
General
see
July
Jan
500
.
.
dep rets ord reg
General Finance
Corp common
fontnotes
35% July
140
27%
8 %'
8
1
;•
preferred
Rubeustein—
Sep
Amer
For
127% Mar
50
4% Mar
25
Mining Co
Helena
Jun
Jan
45
Gen Electric Co Ltd—
Elec $6
67% Mar
175
Oct
32%
•
common
22
29
—
—
&
8V4 July
107'% Mar
•
21'%
,
9
100
preferred
Gellman Mfg Co
common
General Alloys Co.
/as
5%
'
Colp
6%
1%
Gen
Jan
3V'4
v
Brewing Co
1
Hat Corp of America B non-vot com__l
Hazeltine
Julian &
5 %
Jan
Jan
'
.
common
■
Gatineau Power Co
Apr
22%
3%
'
__
..1
participating preferred
Co
i.
stock.
July
'
Brewing Co
Distilling.
convertible
300
Jan
4 !'s
—
A%
7%
200
16'%
69'a
£1
.:
200
1,400
Harvard
Interstate
reg__
Fuller (Geo A)
conv
1%
12!'4
__
4—
Light $7 pre/erred—*
Froedtert Grain & Malt
$3
1%
•%''?. A
•'
10
Oct
4'% Aug
'
..
rox
Franklin
500
15%
•
Ltd—
ord
7%
12'%
1
.
...
non-voting..
voting
Motor
Amer
of
7%
1
Fedders Mfg Co...
Fire Association (Phila.i
30
350
:
...
10
Hartford Electric Light..
Hartford Rayon voting trust
International
Fansteel
56
•
Paper—
Registered
Airplane
33%
Jan
Feb
81
Co———————————8
International
Fairchild Aviation
Fairchild Engine &
July
27
'■
Lamp
Indiana
"lV'4
%
.50
common
7Va
Oct
41
i.
10c
Mar
% Mav
102%
%
July
98
*—5
31
Jun
108
Jan
% 1%
_•
2% May
Feb
26
7
88%
62
Jan
3'3
•
Jan
Jan
7
5%
7%
Sep
42
-15
common
Apr
6% Jun
14%
1,100
45!L>
v
Jan
Apr
July
1.000
4%
7%
32%
;
.'*-
pfd
...
Gypsum Lime & Alabastine
Illinois
42
37,600
.1
preferred
Jan
80
84%
1
Equipment..
;
12
79%
;.'
.
Inc
Eversharp Inc
30
July
29% July
31%
52
•
2d pfd A,.
common
Pipe Line
1% May
Jan
1,585
5
7%
'*
•
81
Jan
Jan
10'A
225
41%.
4%
8%
v
convertible
Esquire
Eureka
23%
■—
-
,5
12%
Apr
■
—
.
Emerson Electric Mfg
...4
Empire District Electric 6% pfd
.100
•
Empire Power participating stock..
Derrick
40%
•
,
40
Jan
Jun
10%
•••
—
22%
*
B
common..,..
Electrographic Corp
Elgin National Watch Co
Emsco
••
2
I8V2
Jan
Jan
July
%
:•
23!
warrants
Equity
25
—■
•
Machine
&
13'% May
2 7/a May
58
•
B
Power & Light
Option
Jan
Jan
25
preferred
preferred
Electric
7%4
900
•
Economy Grocery Stores
Bond
1.500
1%
Associates—
preferred
Electric
11%
33%
States Corp
preferred series A
$6 preferred
Eastern Sugar
$5
11%
Malleable Iron
Oct
Apr
10% Sep
13
Mny
139% 140
•
\
common..25c
1st preferred
Hydro-Electric Securities...
178
"lOO
prior preferred...
preferred
Eastern
$7
11%
«
common
4%%
6%
Eastern
-10
__
Fuel Assoc
30
%
80-
:
•
Stores' Products
52%
5%
50
7%
,
.25
.
Greenfield Tap & Die
Grocery
Oct
Jan
Feb
32
100
53
.
29%
V;
:
;
100
Paper
Julv
11
12%
■
10
3%
•53
Tea—
preferred
Northern
Sep
98
Jan
4%
300
33%
3%
,
Sep
Jan
26%
:——.50
-7%
V,
Jun
43Va,Sep.
%
6,100
•
Jun
112
96
—
Julv
8%
Jan
45
4,900
9
—
3
Non-voting
4C
300
15%
9
1
Mfg Co
Great
15
76
112
:
4%
300
10
'
11
15%
Mfg common
10
Grand Rapids Varnish——w——-1
&
100
—
•
Atlantic
11
9%
Gorham
Great
225
—
preferred
Gray
31
.
Mines——
Jan
Jan
Jan
350
52 Vis %52VY
--
'A—,—
....
Lead
52%
89
11
—*
Gorham Inc class A..:
$3
41% 42! 2
.v " 110;* 110%
42%
*
—
:
•„
preferred
Goldfield
Huyler's
Picher
100
3%
B..—————— —•
■
Hussmann
Eagle
Jan
103%
•
Godchaux Sugars class
:'■■■■■ Class
Oct
6%
'
•
Sulphur
74 %
May
2% May
Jun
21%
dan
56%
'-W.-■
—•
common
7
7% Aug
%:.j25%
,;
12%
Sep
24
,
10% Mar
Jun
5%
21 Va
.
May
21% Sep
30% Mar
Jan
5%
'
.
1'.
10
1% Mar
10% Mar
800
%*■.
Apr
4%
Jan
600
6 !4
:
*
Co.
Hosiery class B
Texas
11
6V a
25
Test Corp common
Duval
10
Apr
%
Sep
300
"...
Duke Power Co
14 Va
25
5%
13
Jan
22
12
5%
com.—*
Coal B
Corp
Driver
A
200
__
r
12
1
Bridge Co Ltd
class
20%
■
Mar
19%
Jan
2
.
—•
1
common
Dominion
Draper
20'A
•
common
Divco-Twin
Dominion
20%
10
Jan
Jan
%
1,400
July
5% July
79% Jun
Mar
900
3%
Oct
4% 'Jun
72.:,
111
Jan
18
^
3!»
10
Dobeckmun
Jan
Jan
X8%
Oct
•
6%
Feb
1V4
200
1
3%
10
preferred
Diamond
1%
.
Jan
Jan
62 Va
12
1
Stove
Oct
400
:
Gray Iron Foundry
33%
50
<"
•
Mich
Jun
110
1
Detroit
19%
900
-■
20
Detroit
Aug
Jan
3! a
rA-'i
preferred
22
—
•
Gasket & Mfg
preferred—..
19
Jan
24'%
—....
5
com.
Jan
11%
250
100
convertible
6 c!o
8%
15
....
50
common
debenture
Detroit
2,500
16 %
1(5 y a
1
Derby Oil & Refining Corp
A
19
r. -
—1
prior preferred
8%
17
35
Dcjay Stores
Dennison Mfg class A
2
H
19
*
Class A convertible
Oct
% May
:
1,000
•.
-
D
Darby Petroleum common
Davenport Hosiery Mills
Dayton Rubber Mfg
Aug
72
100
1%
74
—
—•
•;
—
High
82
Jan
Mar
Jun
'
5
1%
—•
Co
Glen
Jan
%
T'
Jan
30
20
•
Gladding McBean & Co
Jan
Range Since January 1
Low
72
7-
1%
•
—.—
Jun
5% Jan
28!
*
1
•
Crown
$5 preferred
Gilbert (A C) common
Preferred
Goodman
-3
Liquidating Co
■
Apr
% Jan
Shares
High
72 ,;
—•
is
U
(ord reg)—£1
Petroleum.
Creole
preferred
10%
79
9,700
22
:v'
Apr
7% May
for Week
,
61
•
Georgia Power $6 preferred—
Sep
15% Mar
Jan
low
pfd A..100
$3
12%
Courtaulds Ltd—
C
convertible
preferred
Oct
15 Va Mar
41
Sales
Range
of Prices
Water Gas & Electric common—1
Apr
:
10
V4
Last
General Tire & Rubber 6%
aY Jan
8
1
•
,on
%
1,000
10
.
—*
.
Jan
36 VA Sep
"5%
50
—
$6
Gen
•
*
common
prior preference
5%
Sep
76
Cooper-Bessemer
$6
4 V2
250
'
12
Cor;
3'A Aug
4%
11%
Cosden
Oct
99%
11%
Corox
2% May
10%
Week's
Friday
Sale Price
22
pfd—100
General Public Service $6 preferred—*
General Rayon Co A stock
General Shareholdings Corp com
1
Jan
Jan
3%
•
Copper
107
Jan
98%
98%
100
—
'
Exchange
Oct.
Geheral Outdoor Adv 6%
7% July
Jan
5%
Curb
Ended
Par
Mar
41
Jan
1V«
Cook Paint & Varnish Co—
$3
3%
Week
High
Jan
107
10c
—
%
Oas & Electric Co—
Continental
7%
31
1
Monday, October 25, 1943
.
1 %L
Jan
5% July
THE COMMERCIAL &
Number 4223
Volume
STOCKS
New York
Week
Curb
Ended
Shares
of Prices
1659
STOCKS
New
for Week
Range
Last
Sale Price
22
Sales
Week's
Friday /
Exchange
Oct.
FINANCIAL CHRONICLE
York
Week
Range Since January 1
Curb
Friday
Exchange
Ended
Oct.
Week's
Sales
Range
for Week
Last
2:t
Sale Price
of Prices
Shares
Range Since January 1
'
Low
Par
Klein
Emil)
(D
Kleinert
(I B)
Co
common
200
'4b
*
300
13 Ma
.
Rubber Co..
Stores
16
16
12
16
12
Apr
16
Oct
12
Oct
Nebraska Power 7%
Nehi Corp 1st pfd
94b
Mo
Apr
4:Ve
Jan
104 Mi
200
13 Mb
13 Va
300
6%
67a
500
preferred..
100
11144
_*
—...
(Herman)
High
25
43a
43b
•
744 '
74a
*
85
Mar
1444 May
4:Mb
Jan
644
England Power Associates..
6 7o
Sep
•
New
Lake
Mines
Shore
Ltd
1
Lamson
Corp of
Lane Bryant 7 %
1
1
Lakey Foundry & Machine
Delaware..
preferred
33
360
20Vb
Jan
39V4
12
13
2,100
A'/a
Jan
1444
Apr
2:'«
24b
3V4
.
900
2
Jan
4 44
3Mi
2%
5
400
3'44
Feb
6
England Tel & Tel...
Feb
101
1044
100
1044
6%
Class
B
2;5/a
*
—-
Lehigh Coal & Navigation
•
834
—25
it.
Oil
Leonard
121 Vb
.100
107
107
Development
Le Tourneau
(R G) Inc.:
~84a •"844
7.600
IB
16,500
4jV4
nV
30 3 «
300
24:,/4
j
11
l'li
30
1
1
.
Line
Material Co...—...
Lipton (Thos J»
Lit
Brothers
Loblaw
Steel Chain..
Locke
Long Island Lighting common
•
7% preferred class A—
—100
6% preferred class B.__100
5344
Land
Power & Light $6 pfd
Lynch
Corp
&
1244
24
Jan
7 3a
Jan
1644
Jan
944
1 Va
4.600
A
Jan
225
21'/2
Jan
55
Jan
5244 Aug
944 July
50 34
20
1.800
73/B
5,500
5'Va
103
10
109
Jan
Apr
Aug
1st
2d
Consolidated
Mapes
munication
Mfg
2V2
Jun
644
Jan
Co...
90
26
Jan
35
Jan
4
Mar
11.
Jan
24
Aug
i—
19
•
50
19
1,000
23i
Dredging—.
1:1
*
~
244
4Mb
300
9 Mb
..._*
10'2
2
600
..
common—
Jan
125/
2,4b
&
Scott
•
20
34 a
3'b
•
Merritt
145
145
145
Mercantile Stores
400
Jan
20C
48:U
48
A preferred
13 Mb May
x1504b
•
6Mb
5
52
Jan
Jan
700
10
234
100
7844a
100
/■
lau \
325
lii
2,800
1Mb
1
.4
•
:
•
1
—
—
If
Oct
20
37
4a
"b
5'2
5 Mi
Jan
Apr
2Va
71
—
——2.50
5M2;:
200
4%
40
58«
"534
1
Middle States Petroleum class A v t c.l
544
$6
——
North American Rayon class A
Class
6%
B
American
Midwest
Piping
*
Penn
RR
26
•
Texas Oil..;
'III
...1
& Light 7 %
Mock Jud Voehringer
Monroe
Loan
Montana
Brass
Ohio
Edison
9*8
100
Co
class
Oilstocks Ltd
$3
20 4b
150
.
,
7%
2644
:
a
Overseas
16.44
200
16'b
100
2'a
A.
2 4a
210
3.500
54
ill-'l ll .T/";
:
/..■
:
54
Gas & Elec
Apr
544%
14b May
Co
1st
Pacific
1
—*
16 Mi
17
—1
1
25a
175
6%
1st pfd
&
Light 7%
2,000
200
344
13,200
1744b
30 4b
31
.
Co
preferred
31
'
•
'T:
•
Patchogue
Jan
Jan
Apr
21
Pen
~17«
.
6
64b
July
19
/
Mar
2Vb July
2 4b
Sep
Jan
59 Va Mar
Jun
974b
.100
132
132
12
12
16,V4 Aug
i7/a Jan
:
Jan
112
Aug
8V4 July
Corp
Mar
14b
Apr
4
Feb
6
Jun
10
82
Jan
104
Aug
111
■
102
6Mb
7 V4
3.900
44b
Jan
24Mb
300
1644
Jan
3Mb
Oct
8V4 May
27 4b
May
Plymouth
24 b
72 ^
'
15
3,400
184a
100
15
12 Vb
a
20
4Mb
Jan
13B4 Jan
112-4b
Jan
400
9;
Jan
500
1044
Apr
44/4 Jan
57:
Jan
Penn Gas & Elec class A com
v
$6
Power &
Light $7 preferred
18 7
10'
2
4,900
Traffic Co——
Water &
l'/a May
744 May
180
Jun
Pepperell
Co...
28
ViaJ* 28 Vb
50
12
1244
1,000
City Lines common...—
preferred-
~2V4
Mar
..50
National Fuel Gas—.—.—,—...
,
1144,1144
114 b
Stores common.
4 Ms
9,200
100
Light $6 pfd.
1004a 1004b
184 b
«
5444
54 b
IOC
18 Ma
20c
55
x5 Vb
Oct
1644
Aug
150
115 44
115
48
110
15Vb
194a
Jan
400
Feb
Jun
55 V4
Oct
Apr
July
117
May
7 ;
Jun
8
Feb
344
Jan
8
Jun
3Va
'
Jan
7 Va
Juu
•
8Mb
36
3544
36
.^£
3244
3244
109 44
1544
31
2844
Jan
364a July
Jan
33 44 July
95 44
50
102 44
40
73
14 44
Jan
110
98 Va
Jan
1544
84b
94b
62,306
2444
—
1
16Mb
2 4 4V
50
16Mb
16Mb
700
Feb
Jan
86
34b
Jan
94b Oct
6
_.£
Sep
64b
Apr
14
Jan
24 44
Oct
Jan
194a July
944
28
470
62
444
62
4Mb
62
7.500
Jan
2844
£_
125
Va
va
July
37
Aug
Jan
3344
Sep
3044 Aug
3 4b Jan
32 V2
Apr
54a
Sep
44
Jan
65
27 Va
•
1014b
94
;
10044 102
Jan
39
Va
Jan
100
480
94
93
60
163 44 1 63 44
...
Sep
Sep
1V4
25
76
105
65 44
64 42
65 44
400
1154b 11544
100
1
££>
644
7
•
__y
844
844
Sep
Jan
100
Sep
173
July
44
Jun
Jun
3
July
Jan
69
July
Jan
514b
104
214b
Philadelphia Co
Apr
Jan
244
__
_
•
common
Jan
7444
150
% Mar
*
Co
Sep
5Mb Sep
1944 Aug
7244
__
87«
—100
Sep
Oct
Jan
3;
—2.50
Co
Power b%
Phillips
Packing
Securities
Pierce
Governor
Gold
pfd
25
125
Sep
34V4 Sep
Jan
1,700
4
Jan
74b
400
5
Jan
944 July
common
Pioneer
Pifcney-Bowes
Oct
Pitts Eess
Jun
Pittsburgh & Lake Erie
&
Ltd__
Postage
L
7 :>
40C
2644
25
26-! b
5,000
_..i
104b
104b
100
1
Meter
•
RR
E
//■/,.
•
common
Mines
314b
.
__
•
1
Co
Apr
;
109 44 109 4:.
94
Jan
1,000
800
Pilaris Tire & Rubber
Oct
60
01
744
3,500
800
_L
50
,*i
2
7
/.£
/.£■.
50
644
Feb
444
Jan
July
34
94b
30
,844 Jan
Jun
July
84b
Jan
13 44
1 Va
Jan
2lb
6
Jan
7Mb
Jun
Jan
424b
Jun
38
•
Jun
Sep
594b
604b
380
4744
Jan
654b July
12
12
300
104b
Jan
1434
95
14 44 Mar
Apr
Pittsburgh
Metallurgical—
6944 Mar
Pittsburgh
Plate
1044
...
Glass.
Valley Wine Co
Inc common
15V4
2
Sep
Jun
25
May
2844 July
Mar
40
Sep
ll''3 4
Oct
13 Va
54
8|Vst Jan
2% Mar
12
common
&
25
7.50
Alexander...
5
of Canada
•
Gold
Co
8444
Jan
400
2 Va
Jan
9744 July
4Vt Jun
134b
134a
100
84b
Jan
134b July
14 a
1Mb
4,000
10 4 b
...
1,200
34b
10'b
2,300
64b
6 4b
200
*
Mining
1
Inc
15
1244 Mar
10
5
Jun
964 b
3'b
££
1
25c
common
& Lambert
Premier
10
144
_
644
-j.
-t''
26 Vb
•
50
1
10,000
42
Mb
lii
264b
50
2
Jan
"334
44a
104b
Feb
Jan
."■7
'•
"Vr
Apr
:
5 Va 'Jan;'
Jan j
19 3
Jan
•'
Sep
Oct
Oct
x9
Z 3044
Jun
July
liVSep
Aug
Feb
Sugar
Power Corp
Pratt
Scale
Mining Co
July
Apr
44& Sep
Prentice-Hall
Pressed
Metals
common
of
America
Producers Corp of Nevada
Prosperity Co class B
Providence
42
1
6 Va
6'b
1
33
33
7
200
Jan
34
344
Aug
75b July
Jan
7
8Mb July
Jun
'4
Vb May
Mar
500
Gas
Jan
43
84b Mar
1
60
874/2
300
3,Va
Jan
8
Sep
6%
.100
Apr
107
12
1,700
1st preferred
104
10 Vst
6%
Jan
13
May
7%
.100
Apr
1144b Aug
48
50
1st preferred
109
47 Mi
17
National Refining common
17Vs
7 Vb
Machinery
Sugar Refining:
4Mb.
Oct
July
V
20
Co
Aug
6M4
20
44-Va
12
-50c
118
112
'
Jun
Aug
Sep
18
Candy Co..—!—
National
115 Vst
Jan
80
55/a
22 44 May
7
—-
50
common..
Power
Mfg
Perfect Circle
Powdrell
Jan
% Jan
Jan
107
301
114 4b
•
•
Mfg
Pneumatic
17b
106 Va
10344 Mar
•
preferred
Polaris
14it
103 4b
55
Pennsylvania Edison Co $5 series pfd_*
$2.80 series preferred—
•
Penn
132
Jan
1174b 1174 b
115
1
Penn
Jun
4
33 Va July
Jan
Jan
91
•
Penriroad Corp common
13
July
2144 May
Jan
~1'V2
Jan
17 Vb
300
x54b
25
Sugar Prop
20.-48
1.800
2s/a
250
20 3
•
common
Penn
23 44
.
,
Mills.—
Telephone
preferred A
$1.40
Oct
124a
Apr
175
3.100
n
2044
1
Parkersburg Rig & Reel—
Salt
Oct
——*
National
114b
Ltd—.;
Mines
1244
-."lVb
_
3Qc
1661.
200
.—10
.12.50
Radio
7 Vb.
40.
Jan
102
July
12 34
14 b
..
llV
2%.
2 Va
400
600
1,300
Feb
53
July
9M/2
Jan
21
May
7
17
....
preferred...
National Transit.
July
53
'
'
•
Penn
17;Va
132
14 3
.—*
,
common
page
34
Feb
Aug
163;.;,
64b
184a
-?b<>
common—
.
see
Jan
Feo
200
•
10
Phoenix
•
:—5c
—10
National Bellas Hess common-
footnotes
444
'
...•
common
Peninsular
:
50
Nachinan-Sprlngfilled
For
23 »/2
51V4
__
*
Motors
360
174b;
—100
&
July
114
100
Paramount
1st
Potrero
Union
34
Mb May
103 44 1034b
•
1174b
•
pfd
Feb
$3.30
Plough
Tunnel
Jan
100
,
1034b
Panteptc Oil of Venezuela Am shs
N
National
Sep
2244
29
25
Pleasant
National
Jun
98
25
preferred
Page-Hersey Tubes
Jun
90
200
174 b
..*
preferred
5 Va %
4Mb
Jan
Jan
•
common
Oct
Apr
5;4a
172
173
•
common...
Tea
344 Jan
2434
1
Jun
Apr
1,4 a Mar
—
Muskegon Piston Ring
National
jj
•
Sep
8Mb
if
50}
.——10
Murray Ohio Mfg Co
National
Apr
944 July
l^b May
32
102
7
•
2
2Va
Jan
States
Car
12Mb
10244 Mar
102
—
844
35 Va
Jan
common..
Steel
Jan
844 May
44 Jan
52 Vb
.4
__
5
Public'Service
Jan
448
11 38
National
Jan
84b
200
r,a
6V2 May
104V2 Oct
200
444
ICO
Lighting $5 preferred
Jan
8
12 3 8
10 ;»4
Mountain States Tel & Tel—£
Rubber
91
Feb
U May
Jan"
£
Car.
Jan
i;44
;
>1- V Iv
12 M
Mountain
National
Sep
1,900
444
•
50
Pacific
l;4b
14:
200
till
f
l:-
10M»
Producers...
&
Va
344
Vit
Va
■v-'•
6,Ma
6or
124b
City Copper common
Power
1 ,'V
...100
Securities.
25%
85C
1 Mb
8'a
common...—2.50
Mountain
National
July
764b July
89
344
Oliver United Filters B
Jan
Jan
Mountain
National Mfg &
83 44
Jan
Sep
5844 May
Jan
20
__
1st pfd— —ICO
prior preferred
conv
15,4b
Jan
Utilities
convertible
Jun
42
...
,.
common
Phila Electric
$3
Jun
1/128
3.200
__
1*
preferred
$5 4b
9 Ma
5 4b
—
National Breweries
344
200
104a
44
•
common
Oklahoma Natural Gas common..
Mar
100.44
Mtge Bank of Col Am shs
6%
Jan
lll'b
884a
.
B
$6
1st preferred
8;
•
Moody Investors partic pfd
Co
Jan
500
■
4b
*•
Public Service
6%
944
100
Montgomery Ward A
Montreal Light Heat & Power
Muskogee
l/b
__
25
prefened
Ohio Power 4 4b% preferred
Jan
pfd
common.
Power
May
Sep
54
60
5
97«
Sep
644
f/a Jan.
4)4b
"100
Society A
Dakota
Vb
100
100
class A
Power
Ohio
x34-a Jan
pf<
Molybdenum Corp
Pictures
23
Oct
144
'100
1$
pfd.100
Ogden Corp common..
Pacific
2,400
26
1
.'
Monarch Machine Tool
Monogram
July
O
Penn
Service
Public
1/64
9Mb
50
Corp
Pacific Power
9,700
^4.
'■.?'"1'^. „'l ■',!'
•
•
Mississippi River Power 6%
Missouri
105
29
5
Co
States
744. Mar
14b
8 '
......*
Mfg
Mining &
:
•'■;
Supply
Refineries—
Minnesota Pwr
Feb
Jan
•
preferred
Novadel-Agene
6% July
9 Va
20
10
Mining Corp of Canada.——.
Minnesota
20
*
£
&
79
10444 104Va•
—
•
Utility Securicies
Central
Sep
9-«
94 b
"50
r___T„50
Co
11244
10244
12,300
71
prior preferred..........50
4j% Mar
13«
9%'
•
Abrasive
Oil
July
Jan
1444
Vb
Products—
Midwest
May
13 4b
3644
7844
L
*
common
1,000
734
9 44
"
$2 conv preferred..*
Midvale Co common
Mid-West
1
15
common.
$2 non-cum dividend shares
Mid-West
24 Mb
102
30
234
5
.100
Cerp B—..
Parker
v t c
Midland Steel
Jan
1044 Mar
£.
...
Amer Light & Power common__l
preferred
•
1,000
6
74«
74b
Jan
fja Jan
—10
.....
Micromatic Hone Corp
Midland Oil Corp
Feb
44b May
8 4b May
Jun
1114b July
Mb Mar
[A Jan
700
Corp
18
210
784a
3 Mb July
Jan
Apr
301
'"1;
.J
28'
108
1
•
•
84b
lfMb Mar
'
37
37
Michigan Sugar Co
B
July
31
Jan
...
11034
24«
..5
preferred
Pacific
Michigan Steel Tube—
West
4
Jan
244
250
Jun
Jun
68 44 Mar
Feb
1/64
f/o Jan';":'; *\t 14b' May
108
Feb
98;44 Jan
■
107 3 4 108
25c
Corp
....
Class
9
21Mb
Jan
244
25
1
North
Jun
:
17«
—1
Participating preferred...
15
Metropolitan Edison $6 preferred..—"
Michigan Bumper Corp
1
Middle
144
28
__
-
Noma
Sep
4Va
Jan
21t
1. v-: ■/111."'.'
'
108
100
„
Mcssabi Iron Co
Preferred—
Sep
100
2144
..
Omar Inc
64«
644
•:•££
—
Textile
Jan
100
7
110
5
Jun
4Mb May
ljVb Jan
8.;
Apr
8Mb
Jan
'
& Co
Memphis Natural Gas common..——.3
Metal
Jan
564b
Jun
644 May
Jan
uV Jan
200
744
7 'b
*
common..
McCord Radiator & Mfg B
GYz'v
244
4Mb
13 V*
95 44
warrants
Ohio
3'44
Massey Harris
Chapman
Sep
10742 May
Com¬
Mass Utilities Association v t c—1
Warrants
Jan
200
111 44 112 44
Jun
2:
•
Marine
Margay Oil Corp
Mead Johnson
87 Va
Sep
Jan
Marion Steam Shovel—
McWllliams
Va May
18
•
Ltd
Co
25a
57
•
Co...
International
Marconi
100
1
preferred
iThe B)
;% Jan
1,100
112
1
preferred
Nor Indiana Public Service 6%
warrants
Stores
convertible
5
5344 July
Jan
200
334
100
Mines
Electric..—
7%
$5
Jan
Jan
1.800
..
pfd.100
pfd
Power common...
optional
A
Northern
Manischewitz
744
....
2144
..
Nipissing
North
M
....£..
6%
preferred
A
Northern
Mangel
1
1
2944 May
Jan
shares
Water Service
North
Manati Sugar optional
Jun
11V4 May
544 May
254b
20
193»
••
•
Aug
110
Jan
18'Ma
5
244
Y
Class
Apr
7 V«
10
Nineteen Hundred
Jun
6 Va
'5344
109
6
/
Oct
Jan
944
7
Niles-Bement-Pond
Oct
12%
47 4h
50 3 4
Jan
7 44
1%
900
344
10
....
Class B optional warrants.,
Niagara Share class B common
■
•
Oct
Sep
Shipbuilding Corp—
5%
2M2 May
18 44
Oct
Y
Class
Sep
150
l3a
50
Honduras Rosario..
Merchandise......
5%
Jun
Jan
4.900
8 Ma
Vb'
1
Exploration.^:—.—1
common
3 2 44 July
8%
15
15
8Vb
Louisiana
44 May
Jan
%
—5
Louisiana
Jan
Y
Niagara Hudson
944 May
Jan
Jan
lavb
—.
Lone Star Gas Corp new common——10
49
58
__
•
common.
City Omnibus warrants..—..
Founders
N
Oct
Ma
•
i
Class ''.All
Co
N Y State Electric & Gas $5.10
Oct
t
7
preferred—.25
Inc 6%
common
Groceterias
N
Mar
1Mb
22
Feb
17Vb
100
10Mb
10 Mb
5
3Mb
:
107
744
N.Y Power & Light 7% preferred_.100
$6 preferred—....
•
Jun
bV*
Feb
N
Jun
21
4b Mar
100
1Mb
l7b
1
Auction
N Y &
Apr
1144
Jan
19% May
Langendorf United Bakeries class A—"
Lefcourt Realty common:
Convertible preferred..
254b
114
Feb
lOOi
.—.1'
Y
N Y
Mar
—100
Lane Wells Co common
N
Jun
12:U
600
...
__
30'4
—b.100
400
74a
...
47 44
New Idea Inc common.—£..1—19
New Jersey Zinc..
...25
5744
5744
New Mexico & Arizona Land
1
234
New Process Co common
(N J)
4 44
..
49
New Haven Clock Co.——
RR
Feb
Oct
1
Lackawanna
1044b
High
Jan
20
..
preferred—..—.—.^.....100
preferred.——
%
$2
12 44
..
__
5
July
300
31144 112
Nestle Le Mur Co
class A
Low
253b
Corp
Neptune Meter class A
12'M»
104'4
New
1
Low
•
Oct
Jan
6913 Mi
10
Par
Co
Feb
10
Feb
92
100
Oil
Nelson
9 Ma July
10
102
104
,.100
...
Navarro
100
*
.
Sep
100
1
Inc
Koppers Co 6% preferred
Kresge Dept Stores—
4% convertible 1st preferred
Kress (S Hi special preferred
Kreuger Brewing Co
'
High
,/
Jan
8 M>
10
Knott Corp common
Kobacker
Low
High
.1
Ktrkland Lake G M Co Ltd
Jan
844
Apr
1L
Jan
13 74
Apt
14 a
Oct
•44 Jan
2Mb -Feb
4M8
Apr
Public
Service
of
Colorado—
Puget Sound Power & LightCommon
121b
Sep
103b
1044, 107b
11,400
95 s
Sep
95 Vt
94'b
95 3 4
45C
x943a
Sep
12 3
_.
$5 prior preferred
Puget Sound Pulp & Timber
Pyle-National Co common
Pvrene Manufacturing
Sep
12 3
12 Mb
500
744
Jan
13Mb Sep
8V2
Jan
15
94b
30C
4
4
5
-10
9
7V4 Feb
120
Aug
Jun
9V2 May
THE COMMERCIAL & FINANCIAL CHRONICLE
1660
Curb
Last
'$£
Sales
of Prices
Sale Price
Exchange
Oct.
Ended
Week
Week's
Friday
STOCKS
York
New
Low
Par
STOCKS
Shares
Range Since January 1
New
for Week
Range
York
Curb
Week
High
Low
Ended
(Hugo)
Stroocx
83 Ma
84 Ma
151
100
*
100
70
Jan
92
Mar
151 Ma
290
146
Feb
156
Feb
13
84'/a
—
preferred
Quebec Power Co.—r
July
13
Corp
July
(Si
Sullivan
1 Mb
5,900
•a
Jan
13 Ma
150
7Ma
Jan
V4
10
1 Ml
13 Ma
Jan
16
lVi
Radio-Keith-Orpheum option warrants-
17
1,900
13 Mi
Jan
;
a
1
10
•
$3 convertible preferred
•
Raytheon Manufacturing common—50c
Railway & Utility Investment A
Packing Co. common
Rath
Reliance Electric & Engineering
Rochester Gas & Elec 6%
Cable
Rome
Corp
150
10 M4
Jan
13%
3 Vb
3,800
3
"l
"1
600
3 Mb
106% 107%
91%
480
Corp
17
Oct
Apr
Co
1%
pfd
Roofing Inc
Realty & Construction,,
&
3Mb
5 Mb
1%
'■■
3%
■
4
■
Amer
dep
1%
Oct
15
Sep
10 Ma
July
Apr
7
Sep
Jan
Sep
5 Mi Mar
6 Mi
r
2,100
3 Mi
Jan
7
150
17 Ma
Jan
22 Mb
Apr
7Va
Jan
8 Ma
1Mb
1 Vb
10
-
M
■
6%
Jan
102
600
4
Mar
Vi
100
15 Ma
Ma
114
>
Jan
2 Mi
'
'■
43
Jau
62
Feb
\
'
>i';;
v
v—-
...
6 Ma
'
;;
•,
•—
55 Ma
58%
lMi
58 Ma
620
■ •
5 Mb
'.
-
11Mb Aug
Feb
3
67
Jun
July
Mar V
Mar
Mi
•
^
3
116
Chatillon
800
3 Vi
,
.10
17 Mi
y—
1,800
17 Mb
7
warrants
Tubize
it:
3
8
;
fa
1%
,
Corp
8%
A
...1
4
.
8 Ma
6 Va
200
;
8
9
1
Feb
4
May
18
Oct
Jan
Jan
aa
100
Oct
Jan
Jan
l'/i July
-
7 Mb. July
8Mb July
2,300
4
Ma
Jan
10
67
71 Ma
1,250
39
Jan
y-73
4
68
Tung-Sol Lamp Works
—1
80c convertible preferred-—-.
J*
2,100
:
7b
'
8
*
.
May
109
107
•
Jun
■
Jan
102
.
Inc
Class
Jy
Sep
Jun
July
Jan
53
.■
.
.—100
Trunz
Mar
2 Mi May
fa Jaa
6 Va
20%
m
'""lOO
Tri-Continental
22
Jan
6 Mi
20 Mb
■
•
preferred
Jun
7 Mb
1
Feb
5 Ml
26 Ma
-
17% Mar
July
July
July
July
6%
1
3 Ma
Sep
3% Mar
300."
5,000
113 Mb 113 Ma
M;
•
Tonopah Mining of Nevada
3 Mi
Oct
6%
52 Ma
.
Trans Lux Corp
Transwestern Oil Co
2,100
13 Ma
Jan
'
7 %
Mar
Feb
200;
5%
1Mb
Jan
Jan
2Mb
5% July
4
300
13 Ma
■
def reg
recs
Todd Shipyards Corp
Toledo Edison 6% preferred
4Mb
22%
13
V—v
:
Jan
11% July
49 Ma
1,400
f
■
.
5%
7%
«
Exports
Security Trust Co Ltd—
dep rets ord regis
Tobacco
Amer
Stocks
■
-
22%
•
Product
Allied
4
22 Mi
lvM
■
Jan
3 Mi
Jun
1%
4,000
13 Mi
■
1
„
Jan
18 Ma July
69
Jun
IOO >
Jun
20 Ma
8% Mar
2
2 Ma
500
66
Mi
~6 f" ~6
Sep
21%
Jan
12% Mar
.—8
Jan
16
6
1% July
11%
Jan
43
100
...
common
Tobacco
1% July
107%
Shovel
Tobacco
Sep
19
65
65'/a
5%
«
common
2%
100
150
15
Tlshman
4V4 July
7/b Apr
Jan
2,000
17
700
13%
•
•
Tilo
5% May
Jan
300
5 Mi
4%
17
1
•
1
Consolidated Petroleum
Ryerson & Haynes common
2%
17%
13 Mi
50
com
7%
2 Ma
2 Ma
17 Mi
1
Thew
Oct
Apr
10 M4
Jan
aa
13
2 Ma
Ryan Aeronautical Co
Jan
1
Aug
lMi Jan
1,100
Mar
3 Mi
Jan
7
10644
•
•
Royalite Oil Co Ltd
Russeks Fifth Ave
Ryan
11%'
3 Mb
20
preferred
Typewriter
Royal
29 % July
1,300
5
5
1
common
Field Inc
$1.20 convertible
Jan
*
'
Petroleum Co.
Root
21 Ma
3
100
pfd D
Pendleton Inc
Roosevelt
300
11%
1
Rio Grande Valley Gas Co v t c
Roeser &
23%
--
13 Mi
17%
13 Ma
-1
Texas Power & Light
Texon Oil & Land Co
14% July
Jan
1
1
Radiator
Richmond
Jan
Ma
2Mb
*
Stix
Rice
51
2%
11Mb
1
Aviation
Dry Goods
Richfield Oil Corp. warrants
Republic
Jun
3^300
22,400
23%
.
12%
•
*
1
.
Taggart Corp common
Tampa Electric Co common
Mar
3 Mi
2
Sep
Cq
Machinery
Finch Oil
High
Jan
Technicolor Inc
% Mar
19
12%
11 %
3 Vi
Low
V\
Jun
Mi
49
1
*
5
Roller Bit Co
Reed
!
Mi
Range Since January 1
High
14 Mi July
--
16
Raymond Concrete Pile common
Red Bank Oil Co
2Mb
Shares
11 Mi
Ray Drug Co
Sunray Oil
5 V2 %
convertible
Swan
tor Week
50c
common
Bun
R
Low
4 Vi
500
lMi
Jan
5 Ma
May
10 Mi
200
6 Mi
Jan
11 Ma
Oct
Va
10.Mb
Apr
Oct
U
Lawrence Corp Ltd
St
Class
St
7%
$2
A
Regis
•
pref
conv
5C
Oil
Dome
10%
Co
United Corp
Samson
35
Savoy
Oil
Co
5
Schiff
Co
common
1Tb
Schulte
(D A)
preferred
Scranton
Scranton
Lace
$6
Electric
1%
~1%
44%
25
preferred
I
•
45
28 Mi
27%
Jan
10 Ma
Oct
•
Steel
Co
United
& participating pfd
Clgar-Whelan Stores
United
Corp
%
Jan
200
22%
Jan
54
25 Ma
Jan
32
July
50
49
51
12 Ma
U Mi
12
17Mi
Jan
290
44
27
100
29%
Feb
4.100
%
Jan
900
4 Ma
Jan
1
1
1
8%
8
8 MI
*
16%
1
1.1
iw
$5.50 prior stock
certificates
7%
7%
25
Serrick Corp
class B
Co
Silex
i7
May
1% May
Jan
400
51 Mi
Jon
May
72% July
200
52 Mi
fan
73
4
Ms
Jun
Jan
8 Ma
July
2%
3 Mb
96"%
94%
96%
2 Mi
1.000
•VM
X13Mb xl3V«
800
of Canada
•
•
Simplicity Pattern common
1
Singer Manufacturing Co
100
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
£1
Sioux City Gas & Elec 1% pfd—100
4
83
Jan
100
Apr
119 Mi
16 Ma
Aircraft
Solar
Manufacturing
Sonotone
Soss
Co
1
Co
L
14
1
Manufacturing common
Coast Corp common
1
South
South
Southwest
Southern
1
Oil
Penn
Pa
25
Pipe Line
California
5 %
original
%
15
6%
Vg
2%
5 Vt %
226
7%
25
Colorado
Power
A—.25
preferred
Southern
New
1
26%
S
Radiator
U
S
Rubber
175%
Jan
241
Apr
3 Ma Mar
110
Southern
Pipe
Spalding
Co
"3 Ma
•
„
2%
41
&
5
5
Mar
31%
$1.60
convertible
Standard Oil (Ky)
Standard Oil
(Ohio)— 5%
Standard Power & Light
Common class B
pfd
Products
Standard Sliver Lead
&
1
Corp voting
trust~ctfsl~l
"
common
Sterchi Bros Stores
—I
6% 1st
preferred.—"""
5%
2d
For
Jan
6
37 Mi
Jan
41
42 Mi
800
43 Mi
10
(j
B)
Co
footnotes
cage
Products
Equities
32
44 Ma
priority
>32 Ma
1.100
29%
Jan
33
31%
700
28 Ma
Feb
32
1M4
1,000
%
Jan
2
1M4
128
70
Aug
115
Mar
5 Mi
Jan
6%
Jan
12
Jan
4M4 July
35% Sep
4
200
33 Ma
10
fa
1 Ma
100
Apr
Jan
23
Apr
2 Ma
500
7
6Mb
:
Sep'
47
1,200
2Mb
150
7%
Jan
100
Ma
Jan
4
Jan
6 Ma
Jan
Sep
Sep
July
July
-
—
10
'•'
'
10 Ma
:
13
8Mb July
'
73 Mi
Jr
73 Vi
73 Mi
-
2Mb
3
1%
1Mb
lMi
Ma
■fa
275
i
80%
Jun
Jan
37/a
Jun
1%
Jun
2 Ma
Feb
600
2 Mi
lMi
700
fa
Jan
1,300
1%
s/b Aug
Jan
■
mm
6 Mb
lMi
lMi
11
Feb
13
600
y%."'
—
4 Ma
Feb
7
200
1
Feb
2% May
•
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2
•
15
xl9
19
19%
19 Mi
2
—y
2Mb
2,000
50
53
1,500
4
4
300
■
Aug
15 Mi
7.600
Jan
16
350
18Mi
50 Mi
Apr
3;>
"
7
Aug
1M4 May
Jan
eor
;
%.
2 Va
M
60
11
Aug
14 Mi
Jan
2
Jun
22
July
19 Ma
Oct
19% July
.20% May
Feb
42 Mi
Apr
Mi
3
May
Sep
68 Ma July
Jan
4Mb Jun
■
■
2
%
IOC
1M4
Jan
2 Vi May
.
'
1
75%
yy
76
225
49
Jan
76
Sep
1
Jun
% May
800
2%
Jan
5 Ma July
300
%
Jan
2%
Mi
Jan
1% _5%
500
2 Mi
Jan
100
12 Mb
Jan
1%
Jan
3
15 Ma
15 Ma
300
13
Jan
17
18
1.100
75
Vi
63 Ma
59%
7 Ma
7 Ma
12 MB
Jan
Jan
110
64
15,300
pfd
t
1%
Bond
Wavne
West
Texas
West
Va
18%
Sep
1.25
Utility $6 preferred
Coal
&
Western Air Lines
Western Grocer Co
fa May
Western Maryland
Western Tablet &
Stationery
Feb
% May
100
lMi Jan
2% May
Williams
(R
200
fa Jan
1% Jun
56 Ma Aug
Williams
Oil-O-Matic
13
Willson
Ml
5%
5%
July
C)
Products
&
1Mb
100
7 MI
275
Co
Heating
Power & Light
Portland
44
Sep
Wolverine
Jan
12
Oct
Jan
12 Mb May
Jan
4% July
1 % May
H Jan
Jan
Sep
7 Ma
Oct
Woolworth
American
6%
7%
10% July
Apr
90
Feb
15 Mi July
Apr
2Mb july
fa
Jan
fa May
Jan
14 Ma May
1,100
>2%
Jan
4
Jan
109%
98%
"5%
'
:
83'a
2.600
500
90
deposit
90
■
10
>
.
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5%
Jan
Apr
11
67
Jan
Oct
Apr
95
14Mi
Jan
July
13
■
11% July
Ma' Sep
May
19 1 f. Sep
May
26
8
8%
2,600
8Mb
8 Va
100
3
100
3
Feb
15%
Sep
5 Ma
8%
Jan
9%
Jun
5Mb
Jan
8%
Oct
7 Mb Mar
9 Mb
July
Ma
10 Mb
10 V2
50
lMi
Jan
4 Mi Mar
9
Jan
12
108
10
Jun
110
Ma July
Sep
3M2
—10
7 Mi
8
300
2{8
2%
3
3.400
Feb
4%
4
Jan
8 Mi July
Jun
10
Jun
5
Aug
5
Aug
2
Jan
4
Apr
6%
Ss
£i
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Jan
21
8
receipts
Mar
6 Mi
4
9
90
(F W) (Ltd—
Hargreaves Ltd
Apr
1,000
**
pfdlllOO
Cement
Preferred
Wright
5 Mi Mar
Sep
Feb
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8Vb
Woodley Petroleum
6 V\
2%
July
~3 Mi
8Mb
—III
Wisconsin
Feb
lMa
10
July
11%
_.*
Inc
Oct
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1%
Sep
Jan
7 Mb
<
"3 Mb
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IIIII.l
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Weyenberg Shoe Mfg
River Oil Corp
7
6%
81
%
"3%
20
1 Ma
100
Jan
44
1Mb July
1'2
com
Inc
fa
300
12
3
5 Mb
1st pfd—100
Coal
Westmoreland
9%
200
20
Ry 7%
Westmoreland
4 Mi
32
5 Ma
_l
Oct
i9« May
Oct
9%
160
9%
5
Inc
11% July
4 Mi
Jan
86%
•
Coke
64
Jan
81
g
Manufacturing
Jan
Jan
9
I.I.I
Mining Co
Knitting Mills
Wentworth
Oct
Jan
July
9
Jar,
Jan
18
•
6M4
2M4
78
class A
Class B
16 Ma
200
81
M4
4Mb
1,200
100
400
9
5
6,000
7 Ma
preferred
&
%
a
520
11Mb
Y-.. :
•
100
1 Ma
...100
Co
700
7 Ma
1Mb
3 1MB
10%
.
Wagner Baking voting trust ctfs ext..•
Waitt
Walker
July
114
Jan
Aircraft
July
19%
Jan
700
fa
1
mm mm m
W
Waco
May
1
19
114
1%
28 Vi
UMe
5
m.
Manufacturing.
Sep
6% May
19
17%
mm mm mm.
July
2%
113
1
Petroleui
6M2 July
9% Sep
5
35
1661.
;y C:
5 Ma
73%
'
•
„
L—
Venezuelan
Vogt
500
~4Tb
7 Mi
Jun
Feb
5
1 Vi
stock
Oct
128
200
2 Ma
,
Aug
%
Jan
2M*
42 Ma
common
Virginia Public Servh
5%
4%
9%
Jun
Ma
260
Jan
63
2
Oct
10 Ma
54
1
50
•yy v.
Sep
10 Ma
.
:
5%
•
Co
Aug
May
64Mb
Jan
»
4
Feb
i«
Sep
31%
4
1%
250
■■■''
Jun
Jan
40
$5.50
20
Oct
July
July
.
"
33 Ma
18
Utility
Mb Jun
Jun
7 Mi
'—1
commoZZZZZZZ*
see
49 Ma
Jun
'
1,000
Xl8Mi
4Mb. July
5%
10 Ma
.:
1
common
Light $7 preferred.
Products
Feb
93
fafafa U May
3 Ma Mar
■
Jan
1%
•
Ma
4 Mi
Sugar
2 Ma
Feb
100
257
Insurance
Radio
500
80
180
4 Vi
625
•
B
Power &
200
39
770
2Mi
Utah-Idaho
4%
Feb
70'i
•
Utah
3
59 Ma
45 Mb
10
Utah
2%
Jan
69 Vi
Paper
2%
200
preferred.—_
Sterling Aluminum Products
Sterling Brewers Inc
"
Sterling Inc.,
~
Stetson
July
Jan
44 Vi
..,50c
Wichita
class B
Co
3 Ma
j
IIIIII*
IIII
«
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1
lIIIIII
1
Co
Steel Co of Canada
_
common
Consolidated Oil
Universal
Jan
Vi
.
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•
4% July
4%
128
IIIIlOO
II
Preferred
(A)
Ma
69
1
common
5% July
4Mb May
—2.78
—1.1
Ijo
common—II_l
preferred
£0
I~10
106
92
%
.
•
•
Jan
63
Standard Cap & Seal common
Convertible preferred
Standard Dredging Corp
Stein
3
Tur
III—II*
IIIIIII*
1
5
Pictures
July
11 May
j/4
200
7.500
Vi
257
■
1
B
Universal
Jun
4Mb
123
Jan
21 Ma
2,500
I'.t
59 M4
5 Ma
25
common
Universal
Jan
Jan
fa
•
Jan
31
~1%
•
Stahl-Meyer Inc..
Standard Brewing Co
Jan
—y
—10
common.
2Mb
1.100
28% Mar
IIIII1
Bros
1st preferred
Standard Tube
Starrett (The)
"3 Mb ~3
io
Co
Spanish & General Corp—
Amer dep rets crd bearer
Amer dep rets ord
regis
Spencer Shoe Corp
Standard
600
43%
io
Line
Royalty
(AG)
:h
•
Voting trust ctfs
100
Phosphate
Southland
3 Mi
Class
Jan
115
1,100
%■
fa May
16
May
%
1,400
'
Jan
1% May
Jan
10
■
6.200
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:
'
92
.
y^ '
Reclaiming
Wall
57 Ma
Jan
fa
'
preferred with warrants
U
Sep
'
■
58
' v'
V
100
International Securities.
$5.1st
Jan
July
29 Vi
Jun
2% Aug
Jan
Va
4
common
Graphite
and
July-
17
Mb
...
45%
July
Oct
3
■
ib
59Vr
_—*
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England Telephone—100
Southern
S
Universal
96
"3%
25
class
U
U S
15
700
226
3 Mb
—
25
preferred series C
Southern
Machinery
United Specialties
U S Foil Co class
United
21 Ma May
2%
10
preferred B
Shoe
13 Mb July
Mar
'■
V:/1:
Preferred
10 Mb
200
~
Edison—
preferred
10 %
67 Mb
-.
15,700
119 Va 120
regis
Sharing
preferred
United
3
14 Ma May
Ltd—
ord
Universal Cooler class A
—
■:'*
Profit
United Stores
Io
preferred
Co
rets
7 Ma July
Jan
Jan
12
—*
United N J RR & Canal Co
United
12% Jan
1
Corp..
dep
Jun
*'
Solar
Products
Molasses
6 Mb
47,700
2 Mi
■;^
•
participating
Amer
Apr
Oct
111 Mi
•
preferred
Jan
13
200
'
$3
United
July
% May
fa Jan
1%
y
•
1Mb
fa
120
*
*
United Milk
10
68%
69
100
common—
convertible
3
-
67 Ma
Simmons-Boardman Publications—
$3
300
;.
Jan
Sep
25
common—
Sherwfn-Williams
MB.
M4
5
•
700
—-r.
B
class
Jan
July
./•
iti
July
1% July
Jun
3 Mi
5
1%
2%
•
preferred
1st
4% May
5
3
#
,1
warrants
Common
$6
>9 Ma
;
1
pfd series AAA
cum
7
13% Mar
5,000
3 Mi July
46
•
Denn
Mining
Shawinigan Water & Power
5%
250
il
1
Seton Leather common
Sherwin-Williams
.
Jan
May
68 MB
68% ;
—
Sentry Safety Control
VB
17
lii
Allotment
Shattuck
1MB
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common
stock
Option
3 Mi May
3 Mb May
yy
..
.:
I
Jan
•
1M4
fa
„
Jan
Feb
■
warrants
United Elastic Corp
16Mb July
41MB
•
Co
58
7 Ma
1
Shoe
Apr
1,600
& Hardware
Seiberling Rubber common—
4
y'.
—
cum
2
3
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y—
100
:
:
9%:
9 Ma
"
•
United Gas Corp common
1st $7 preferred non-voting
Sep
Jan
Ma
1
41%
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Sep
1,000
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9 Va
•
common
United Light & Power common A
*
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X
3M8 July
1
Selby
Chemicals
Products
;
1,400
'
--
16Mb July
1Mb Oct
10
Securities Corp General
Selected Industries Inc
United
Aug
■'
•
Jan
July
5%
41
Jan
3 Mb
36
2%
lMa
•
common
%
•
9,900
■:%
Seeman Bros Inc
Segal Lock
Aircraft
Ma
v;
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■
•
common
United
•' '•
—•
10
Canada
12 Mi
27
•
preferred
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of
Gas
Jan
Scranton Spring Brook Water Service—
Scullin
Union
Union Investment
2
2Mb
10c
Co
Jan
200
1Tb.
27
Corp
Manufacturing
Mb
*
common..
Realization
24%
e
r
28 Mi
25
—
Manufacturing
'
Jan
2Mb
Ulen
Unexcelled
50
2%
—'
1
common
Convertible
Scovill
2Mb
4'/i May
137
Jun
1
3,700
35
•
16% July
18,300
2 Mi
35
Sep
Oct
Jan
115
75
10%
Apr
Udylite Corp
lMa
3,900
137
9%
Mi
2
*
.
3 Mi
2%
13%
•
3
137
1
common
Mills
Sanford
3 '/b
1
preferred..
Salt
'"•If—I'-'
5
—100
Paper common
1%
—
1943
Sales
Range
of Prices
-5
preferred
Superior Port Cement class B
Railway & Light Securities
Voting common
Week's
Last
Sale Price
22
Par
Stlnnes
Stokely Foods Inc
6%
Friday
Exchange
Oct.
High
1
Quaker Oats common
Monday, October 25,
Jan
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4223
158
NEW YORK CURB
Curb
York
Week
Last
Interest
Exchange
or
Low
American
2%s
31/28
& Electric
Gas
f
s
s
I
Range Sinct
V.
BONDS
New York Curb
Exchange
Interest
Last
Sold
January 1
Week Ended Oct. i'i
Periodi
Sale Price
debs
.1960
—
108
J-J
7v._
1
.1961
J-J
$95
.1970
J-D
Appalachian Pow deb 6s
.2024
J-J
Arkansas
5s
.1956
A-O
4'As
.1953
J-J
Writing
Paper 6s
Elec Pow 3 "As
Appalachian
&
Pr
Associated
——
Lt
Elec
111
88%
16
109
124
126
107 %
// / ■ 7' 4
76)4
232
74%
46 3
AConv
deb
41/2S
1948
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deb
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1949
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109
a
76)4
14%
25%
J-1950
F-A
AConv deb 5s
1968
5s
AConv
Assoc T & T deb 5%s A
Atlanta
;
Gas
Light 4%s
City Eiec 3'As
(B. P.)—
without warrants
M-S
J-J
MS
1955
Atlantic
1864
Avery & Sons
.58
—
*
*,''
*
5s
M
13%
25%
Park
81
12%
14
25%
25%
72%
92%
104 %
108 %
106%
109%
—
109%
,/
H
1
101%
99%
—
fe:
Steel
Bickford's Inc
6s
Edison
121
Q-F
;—__—1962
6%s
121
Philadelphia
Rapid
2%s
J-D
';/
—
109
•,
4%s
106%
3 02%
104.Va
"4
103%
106%
6
101%
85)4
Central
111
El
Power
99%
3%s
Gas
&
105%
Central Power &
Light 3%s__-
105)4
107%
7/7
.2
J-J
—1954
36%
34)4
36%;. 7
77
13
36)4
34%
37
75
13
IA Chicago
6s
9
100
_1927
—1952
101
101
deb
Conv
101%
104 J/a
1966
Jan
!
M-S
77?'//3 3
J-D
96%
98)4
Debenture
5s
1958
5s
1969
100
;
Connecticut
Lt
Consol
El
Gas
3V4S
series
ref
1st
7s
Pr
&
Pr
A
100%
J-D
100%
M-N
1969
98%
1976
M-N
Cudaby
Electric
118
114
F-A
99)4
3-D
87%
Empire
District
Federal Water
Finland
91%
102)4
F-A
1952
M-S
1954
M-N
El 5s„
Gs-5s
5 Vis
1961
General
33/«s
Power
103
118
109
105%
123%
100
98%
series A——1941
Grand Trunk West 4s
1950
91%
102)4
73
2
87%
103
106%
103
$__
101%
/
98%
$85)4
v
,
$108
3-D
105
—1945
J-D
1958
series
6s
Idaho
-1967
A-O
Light Corp—
&
Power
.
Indiana
Hydro-Elec
Indiana
Service
1st lien
1958
1950
5s
5s
& ref
——1963
5s
A6%s
A7s
A 7s
1941
(July
Southwestern
2022
M-S
1989
M-N
May 1948
May 1948
A-O
A-C
86)4
85%
86
1951
F-A
85%
1966
J-D
Lt
&
Pow
6s
3
4s
.
27
106
109%
■
94
101
&
Vis—i
1969
J-J
J-J
1966
A-O
1957
J-D
5s
1948
1947
1971
F-A
A/-8
M-N
1965
E
102
108%
107%
107%
94%
102%
101
Powei
M-N
1943
J-J
1963
6s
A-O
1967
M-8
1978
1955
J-D
J-D
1957
1951
4Vis__
5s
96%
29
95%
24
$23 %
80%
80
Amsterdam
New Eng Gas &
1981
Elec
Gas
New
New
5s
AIncome 6s
J-D
1950
England Power 3%s
England Power Assn 5s
Public
M-S
.—1948
5s
Orleans
A-O
J-J
1947
M-N
1961
M-N
1948
A-O
1954
Debenture 5%s
New
M-S
1950
—
deb
J-D
1948
5s
El Assn 5s
5s
Conv
F-A
F-A
2022
A—
Nevada-California
New
108%
16
96%
107%
18
62
80
86)4
40
64%
86
85%
86
35
65
86)4
85%
86 %
36
65 Va
86%
85 Va
86%
7
65%
86%
85%
86'/8
28
65 Va
86 Va
85 V'tt
85%
8
64%
86 Va
105% ./105% 106
79%
78 %
79)4
1
,
F-A
F-A
A-O
$27
28
23%
J-J
$20
24
12)4
32
deposit
5s_
A-O
_1946
I960
Light 5s
;'
J-J
19)4
20%
/. 8
106% 107%
106%
15
1956
Power
108
108
J-J
1979
5s
M-N
2022
A
Edison
3%s
City Rapid
F-A
102
102
108)4
108
1968
Electric
J-J
1952
J-D
1949
Light
&
Transit
N
J
5%s
4s
108)4
116
J-D
7
106
1
102%
96)4
111
11 7
108
95%
$110
5%s
A-O
A-O
103%
,116%;
A
1952
F-A
Utah Power & Light Co—
1st lien & gen 4%s
1944
102%
109%
series A.
2022
M-N
1954
M-S
1951
3%s
5s
series
Debenture
111%
6s
8
52
116%
1097/a
116 ;
96%
85
112
108% 108%
F-A
6s
14
103% 104%
108%
107%
9
96%
25
105)4
6
116
'
13%
•*
Pbwer Co—
&
cons
Va
32
1946
85%
1959
A5s
Wash
West
95 %
7
106
96%
96 y4
112%
109
104%'
116%/
2
116
98 3 4
1
95
100)4
102% 103%
8
96
107
24Va
28%
$108% 111
110
J-D
1964
J-D
109% 109)4
2030
A-O
109%
1091/4 109%
1960
J-D
116%
116
116%
100
100
3
83
98%
103
117%
Power
Electric
Traction
Penn
5s
/
28)4
4%
109 V*
1
109
110%
5
102%
110%
2
"
110
Western
Newspaper Union—
6s unstamped extended to 1959
6s stamped extended to 1959
IA York
A
Rys
Stamped
F-A
83
4
J-D
99
99
15
1947
53
84
1937
5s stpd
Co
35%
F-A
30%
108%
J-D
98
98
3
85)4
6314
118%
100%
84
75
99
73%
99
35
16)4
Water
4s
38
17
debs
& Elec
109
18%
income
Ry
Penn
West
115
105%
'5
30
30
iLkm
.
23 Va
1
7 16%
26
1
19
35%
35
89)4
86
90)4
58
56
58
32
32
'7
151
40
7
109% 110
1
9
74 )c
: 9ov?
36
44%
107 Va
-
__
112
106%
108
122
121
123
112
112
107% 108%
J108
108%
3
113
107%
108%
107%
107 % 107%
—
6
York
Week
97 %
106%
109%
110%
97%
86%
$101% 101 %
106 % 106 %
100%
102 %
106 %
108 %
112
100%
102%
$102'% 103
__
///,%
60%
60%
J-D
1949
J-D
61
Nov
%
26
106% 106 3 4
—
104
99
106%
7
105
106 s-a'
12
49
Interest
23
Period
Agricultural Mortgage Bank (Col)—
A 20-year
7s
-April 1940
A 20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca
105%
106%
105%
109
103%
108
113
3
98
27y2
2
108)4 109
117
__
1
__
72%
72%
„
72%
73V2
731/2
72
$108%
__
95%
'
73'/2
27%
107
A Lima
5%s
1955
Friday's
Sold
High
No.
F-A
1952
Range Since
January 1
Low
High
46
J-J
17%
'•
55
$57 Va
.7,
%
53
18%
11
65
54%
14%
44%
23%
64 Va
55%
42
60
30
$20
City
AMedellin
6%s stamped_1958
M-S
1958
(Peru)
M-N
1951
J-D
7s
7s
stamped
Alssue
1927
A Issue
A
of May
of
10
20
A-O
Mortgage Bank of Chile 6s
3
114
de
18%
11%
20%
33
20
35
23
$3%
1931
1972
J-D
J-D
37
55
30
30
£T"
22
55
r
37
$18
--
iOhi'O;
38
16)4
32
24%
7/37%
32
38
18
'3
20%
,45
55
1958
7s
6%s
Government
6%s
A5%s
M-8
30
1959
J-J
J,—
1919
J-D
5%
5%
5%
202
2%
9%
1921
(State)
Janeiro
J-J
5%
4%
5%
147
2%
9%
$27%
1
22%
35%
17
29
30
117%
125
97%
112
•
A Parana
ARussian
23
$36%
M-N
.
Mortgage Bank of Denmark 5s
A Rio
23
'
1947
1927
Oct
18'4
$31
104%
114 Va
55
47%
77%
30
50%
•No par
76%
64
109
50
107%
r
Cash
78
109
94%
95%
113
76%
98'A
54
82%
value,
x
a
Deferred deliverv sale,
d Ex-interest,
y $8 liquidating dividend paid.
e
Odd-lot sale,
n
Under-the-rule sale,
Ex-dividend,
{Reported in receivership.
95%
97%
sale,
$Friday's bid and asked prices; no sales being transacted during current week.
A Bonds being traded flat.
98 %
Abbreviations used above—"cod,"
"cons," consolidated; "cum," cumula¬
"v t c," voting trust certificates;
"x w," without warrants.
certificates of deposit;
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock;
__
Bonds
$54%
—
M-N
1953
5s
AMaranho
110%
1181/2
72%
12%
102%
9
117
103% 1041/2
$113
__
or
J-D
107%
6
27 %
109
„
1
10
101% 101%
__
Week's Range
Last
Sale Price Bid & Asked
J-J
1948
Danzig Port & Waterways—
A External 6%s stamped
109
103
105% 105%
__
A-O
Valley 7s
Danish
62%
108 % 108%
__
Friday
Exchange
Oct.
106 %
110% 110'4
—
110%
Curb
Ended
110
112
—
107%
New
Low
$121
—
/;////////:•//BONDS
59
16%
$108
.
Foreign Governmenfs & ianicipaliiies
33%
26
—
23%
Service—
series A
74 %
106%
$108% 112
United Lt & Rys (Delaware) 5%s_1952
United Light & Railways (Maine) —
96%
112
~
•
J-J
M-N
1945
4%s
Power
series
52%
1957
6s
Mortgage Bank of Bogota 7s
—:
National Public Service 5s ctfs—1978
Nebraska
69
1950
Service
&
Water
Twin
103
RR—
Mississippi P & L 5s
Mississippi River Pow 1st 5s
Nassau & Suffolk. Ltg 5s
A
74%
1957
Light
(Hugo) Industries— ,7
2nd stamped
series
6s
111%
17%
1970
Gas Light
ref
70%
'
92%
:
•
J-J
3-D
M-S
Minnesota P & L 4%s
1st
of
Electric
Texas
64%
iii%
15
$23 12
--
23 Va
1966
-
Milwaukee
&
stamped
1st lien
10
,
2022
G
4S
Dec
Power
3d
7-4s
v
102 Va
104%
36
102%
94
M-S
stamped
Midland Valley
8s
Corp inc 5s
(Hugo) Corp—
United
91
105%
10
94
■.—.
1965
Middle States Petrol 6%s
.
74%
Electric—
gold debentures
Standard
111
Radiator & Mfg—
series
L
&
&
6s
101)4
106%
93
$112
116
108% 108)4
„
F-A
3%s
Mengel Co conv 4%s
Metropolitan Edison 4s
P
Gas
Extended
McCord
Rys 4s
(A G) deb 5s
Standard
United
105 % 106
—
J-J
Kentucky Utilities 4s
Louisiana
105%
106 V*
89%
102
98%
J-J
J-J
Electric 6s
& Light 3
44
'
$102% 103
J-D
1957
-1952
6s
Jersey Cent Pow & Lt 3Vis
Kansas Electric Power 3 %s
Kansas Power
101)4
98)4
78
■
5
105Si 105 iE
—
M-N
—196b
5s
Lake Superior Dist Pow
-
;_
1952
coupon)
6s
Kansas Gas &
1
11
106
—
J-J
F-A
106 Va
102%
4C
Waldorf-Astoria Hotel—
106
1957
coupon)
Superpower
91
108%
105% 106)4
106
A-O
M-W
1952
1941
Power
Debenture
Altallan
A-O
3-D
J-D
M-8
105%
103%
$105% 107
'
coup)
F—
series
Interstate
1941
1
E
(Aug
A 7s
.
1955
1955
1957
C
(Dec
series
A7s
/
Power Sec—
series
A6Vis
57
24
•7:-;
64)4
100
103)4
$104% 107
100%
$101)4 104
V;"'
105%
1952 /.:
1970
AIndianapolis Gas 5s A
Indianapolis P & L 3%s
International
—
■
104%
F-A
Wash
series A__
ref oS
102%
90)4
109% '
94)4
100%
1970
Tide
•••>93%
77v7_''7
105
7
109%
Toledo
88
105 %
103
98%
105
/
—1953
1st & rel 5%s series B
1954
1st & ref 5s series C
1956
1st & ref 5%s series B———1957
1st &
64%
7
:
100%
A-O
3%s
Power
Illinois
91%
97
97%
100%
103% 104)4
105
70
85%
107
7-4s
13
$109)4 100 %
/—
A-O
1949
Jan
B
$90
'
3-D
Jan 1949
Hygrade Food 6s ser A
M-S
104%
131 O
70
18
103% 104
'
J-J
1966
& Pwr 3%s
Houston Lt
104
1
17
$104
57
52
98%
101 Va 101)4
F-A
1963
•"
90 %
1 107%
64
101% 102
98)4
y.
'
70
90%
F-A
Indiana
Certificates
103% "106 Va
2
128
70
1
96
114
J-J
107
28
79
108%
(Calif)—
mtge 3s
Stinnes
4
51.
21
1951
Gas
A Starrest
3
105
15
$127%
90%
J-J
1970
3%s
95%
111%
1971
1st
102 %
103
98)4
94)4
111
106%
124
123%
107
98
95
111
J-J
1965
6s
79
1950
Grocery Store Products
Guantanarno & West 6s
106%
156
1957
3s
6s
298
3%
Mountain Pow
103 %
138%
110
108%
Debenture
91%
Gr,eat Nor Power 5s stpd
Green
1
■65
95%
106%
$108
87%
102)4 103
M-8
3-J
4Vis
(Adolf)
104
146'%
•
'
M-S
AGobel
104
146% 153
J-D
77
2
A-O
104 V*
28
9
110
1947
5s
Edison
Gas
Debenture.
79
;/ 7**2
95%
95
110
M-N
6s
Power
California
99 %
101
__
6s
(stamped)
Conv 6s stamped
11
;
112%
105%
131%
82%
185
112
111
112%
101%
5
110%
5
112
Southwestern Gas & Elec 3%s
109%
.7,
2
V*
J-D
112)4
105
120%
105%
—
101%
111)4 111)4
112
A-O
1949
Wyoming Coal
Carolina
California
117%
97%
1964
D
Counties
2
101%
M-S
A-O
series
Southern
105'A 105)4
J-D
J-D
4s
$99
38%
1959
4970
4%s
Southern
103
3-3
1965
Coal
Alden
Glen
$105% 106
A-O
Southern
104% ,103% 104)4
A-O
1948
1978
Co. 6s ser A
& Light 5s
Rayon
Georgia Power
M-N
1967
South
16
$58
l-.J
'
General
J-J
Shawinigan Water & Pwr 4%s
99
107
—
3-D
1969
3953
A
5s
Serv
Pub
108
M-S
A-O
Texas
Gatineau
115%
105
9
1956
Estate
101
87%
102
M-S
3966
1954
Co 4s ser C
Florida Pow & Lt 5s
110)4
111
16
J-D
Stinnes
4.
stamped
Florida Power
109 %
107%
108%
112% 112%
1951
98%
Bank—
Mtge
107%
107%
108
—1951
1st
121
99 %
90)4
M-S
Residential
Real
100%
102% 103
:/~-7;
2030
Service
108%
M-S
Sheridan
123% 123%
M-S
5s
107
105
$107% 108
1952
98%
'
87%
M-3
RR 5s—*——1956
&
30%
102%
F-A
1950
Joaquin Lt & Pwr 6s B
86
'7,'/
98 Va
1955
& Light
Power
Water Lt
1
15
$107
A-O
6s
Elmira
38%
38 %
J-J
New Jersey—
certificates
85
$122% 123
—1956
3%s
Packing
Eastern Gas & Fuel 4s ser A
102% 103%
106% 106%
M-N
1962
4%s B
216
$104% 104%
—
1958
5s—~.
6s
103%
J-D
5%s—.—1972
■
106%
J-D
Spalding
Cuban Tobacco 5s
1979
1979
83%
$109% 110)4
$106)4 108
1944
Continental Gas & El
105%
1952
84%
277'
117)4 117%
A-O
5s stmpd—1953
Textile
AConsolidated
101%
M-N
E
29
99% 100 %
__
J-3
1954
mtge 2%s ser Q
Gas (Bait City)—
mtge 4Vis
9
J-J
1977
Scullin Steel inc mtge 3s
101
Consolidated
Gen
F-A
A
84%
35
97 %
104 Va
89
2
167
100% 101
/_ //■■'
,
3-D
J-D
1971
102%
1961
of
series
Southern
3s ser P
109
100%
Harbor Water 4%s
Safe
ASchulte
103%
103
f/
(Bait)—
N
mtge
ref
1st
&
Lt
M-N
1951
5%s
& L
P
1952
1949
Service
;7/v/
100
97 %
M-S
5%s
104%
97)4
96)4
69
100%
6
97)4
A-O
Debenture
Cities
111%
106%
F
perpetual
5%s
101%
45%
208
69
$101% 102%
1950
5s
5s
63)4
A-O
B
Service
Cities
66
F-A
A-O
1955
Rys 5s ctfs
Ry 5%s A
series
107%
1
Queens Borough Gas & Electric—
San
Cincinnati St
33
iV 7
%
46
J-J
1953
110
107
108% 109%
extended:
(Can)
Service
107%
105%
1955
Transit
5s
4
.1
107% 107 %
102% 102%
Sinking fund deb 4s
6%
46
M-S
ACentral States Electric 5s_____^.__1948
Central States P ft L 5%s
■•'//
105)4 105)4
F-A
1969
'99%
$105% 106)4
J-D
1964
A5%s
98%
M-N
1953
5s_._
108'/o 108%
108%
5s__
Power
85%
106
107
107 Va
Public
Northern
Canada
105%
54 %
A-O
Public Service Co of Colorado—
1st mtge 3%s
104%
17
Corp
115%
108%
Coke Co—
Edison
series
Power
-
103)4 103 %
104
■
■
&
A5s stamped
Potomac
108%
115)4
—
F-A
1970
Elec
Gas
105
115% 115%
83%
83%
115%
F-A
3%s
Philadelphia
High
112
106% 106%
Pennsylvania Water & Power 3%s_1964
121
117%
180
$106
M-3
116%
114%
■
1
121
$150
A-0
1968
-—1970
Birmingham Electric 4%s
Boston
M-N
1998
,
7
Light
107%
-1948
Lexington 1st mtge 3s
Portland
115% 116%
116%
I960
C
series
Bethlehem
J-D
&
Low
111
Aug 1955
Penn Central Lt & Pwr 4%s
1st 5s
Power
January *
No.
1964
98
24%
26
77
A-O
__1962
Pacific
/
'%
1968
4s
Range Since
Sold
$105% 107%
J-J
J-J
.1971
Service
25%
$101'/a.
/
1957
series B
5s
3s
Public
$105
1945
Oklahoma Nat Gas 3%s B
Oklahoma Power & Water 5s
Telephone of Canada—
1st
mtge
1st
Ohio
J-J
Bonds
$110 % 112
1954
mtge 3%s_,.
13%
$107
'
1st
47
■
—
/-D
1947
Power
High
M-N
1948
.
Utility 5%s
24V2
24%
24%
*23%; 24'%
89!% 90
,
'
Bell
.
5s
Continental
23%
24'/2
24',2
F-A
1955
-
A-O
1977
5%s
deb
24%
Friday's
2004
;
123%
23 %
23%
—
or
Bid & Asked
1964
Ogden Gas 1st 5s
Ohio
{Associated Gas & Elec Co—
A Debenture
Debenture
,
108% 108%
76)4
Elec & Gas 3%s
Y & Westchester
Ltg 4s
North
98'/a
106%
1
126
126
N
Y State
106%
96
97
Week's Range
Lom
108%
107%
76
108% 108%
Amer
6s
105
1
111
105 % 105%
105%
M-S
deb
Lt
&
104%
103%
108
111
■V
J-J
1970
—
.2016
Pow
Friday
High
N
$103% 104)4
J-J
.1950
f deDs
Amer
Low
No.
High
Co.—
debs
$
3%s
Bonds
Friday's
Sale Price Bid & Asked
Period
Ended, Oct. 22
EXCHANGE
Week's Range
Friday
BONDS
New
1661
$104% 105
102%
106
"w
i," when issued; "w w," with warrants;
1662
THE COMMERCIAL & FINANCIAL
CHRONICLE
Baltimore Stock Exchange
Oct. 16 to Oct. 22 both
STOCKS
Week's
Last
■
-
Sale Price
Corporation
of Prices
Ball Transit Co
Preferred
com
Consol
4%'/r
Lt
preferred
Pr
&
B
—
&
uuiiiord
*
Deposit
com
U
Co_
Really Co
9%
19
2.95
Abbott Laboratories
Jun
8
Aug
12%
27
Feb
35
(J D)
Adams Oil &
Oct
85
115
57% Jan
1
114%
2
107% 107%
106
Advanced
Aug
120
Allied
Jun
Oil
of
Texas
67t>
Amsterdam
Water
&
t
v
Oct
107 »/2
9'2
Feb
70
--
100
V. '
1.50
70
Public Service
Tel
28%
Oct
32
1.50
Oct
183
77
28%
75
22
65
25
38
40
690
33%,
•■'—'!•,!
&
33 %
2.25 Mar
Jan
84
Oct
51%
Jan
29%
67%
Jan
Jan
Jan
14
*
Oct
Washer
■'
j
Coast LinC Conn—
&
Borg
50
10
Jan
34
1,400
% 6
Jan
34%
4
13
*
——
17?;
36?;
-■
Aug
12?;
Jan
25 %
Jan
36!it
60
Certificates
Baltimore
of
106
107'%
60
90%
Jan
111% July
156%
156% 156%
1,593
128%
Jan
158% July
;
v5?«
5?u
V:
1
common.
J
*
20%
cCmmon
100
5'a
,•
3
Co
5s series
A'
100
Jan
101
Aug
Bruce
52%
82
52%
34,000
4y
Mar
66
Jun
Burd
60
——
59'/«
60 %
24,800
55
Mar
Jun
Butler
4,500
100
Aug
—
107b
4s—_—i,
5s series A
Fence
&
Wire
jclass
———1975 %
B———.—_19 7 5
V—,!'
$300
100
100
101
90 ',4
64%
102%
Jun
Co
20%
L)
Piston
8
5 [v
_j„
100
34?'u
35%
5?;
300
&
Co
( A M).
Central Illinois
..
745
Pub
Serv
Friday
STOCKS-
Week's
11?;
Range
for Week
Sale Price
of Prices
Par
Low
100
Tel
Amenean
Tel-
a
50
■;
!
25%
7%
class
97%
32%
33%
1,996
66%
67%
861
19%
18;%
24%
1st
4?'a
1st
pfd
Providence
Range
RR.
V"*.'.v'
'•
'22''2
6r/o
Street
SS Lines
Employers
Group
Ry
5?»
Apr
57%
58
33%
193
80
Jan
59
Apr
19%
Jan
37J
Jun
2%; Jan
121
122
100
98
Jan
19
19
19
40
6
Jan
9
9
260
33?;
978
8%
8% May
27% Jan
40
2%
37 %
1,233
76
8
Machine--10
9%
9%
1%
1%
5
•
30%
5
32
J00
4'
-100
23
368
3%
12
Ha'rtf RR..-
RR
Reece Button
Hole
Assn.
Co
United
Fruit
Co
12
280
6c
18%
105
18%
106%
it
1 ii
20
!
D)~Co——
•48
-,rif-Jan
120
15c
Jan
25%
230
19
Jan
27%
700
23%
Jan
33?;
,28%
5
14
'■
28%
13?;
66c
8 %
Jan
Jan
1 %
July
28% May
32% Apr
1% Mar
11
July
14%
Jan
10% May
280
29%
Jan
36
28%
Oct
Jan
14%
163
7%
73%
74%
428
60 %
70%
930
44 %
44%
154
42%
20c
23c
10%
20
20
21
—...
94%
95?;
Sep
July
10
1,750
215
70
157
37
Feb
15
Sep
76%
Income
For
99% July
see
page
1667.
..
..1970
—
50?8
51 %
40%
Jan
common
2,850
21%
Jan
7
26
Jan
4%,
300
2Va
70
10%
5'4
50
2%
Feb
3%
31
50
1 %
27
Jan
5%
Jan
Jan
u
21
70
16%
25%!
60
19%
20
20 5 is
295
14%
96%
90
83
5% May
Sep
5%
Aug
3% Sept
23% July
Jan
Jan
Jan
27 %
Feb
23 %
16
700
11%
Jan
19
300
2%
Jan
6'.)
7%
30
10
275
'. Jan
950
3%
30
300
16
16%
500
6%
10
33%
23
35%
35%
36
—5
37
300
5
1,400
1
common—
47
is
13%
Apr
6% May
Jan
Jan
8% July
Jan
31
Feb
17?a May
15
Feb
41% Mar
Sep
Mar
3?«
42%
Sep
Jan
6%
Jun
51%
Jun
43%
43';
2
Jan
—!_—•
common
41%
41%
4 21
)t
275
34%
Jan
44
51%
515'b
52 «/4
56% July
43%
2.437
3%
1.100
3%
37%
Jan
.
4% May
July
1,088
44 %
Jan
4%
5
220
3%
Feb
6
jcommon——•
8
8
20
4%
Jan
9 %
common——-®
Goodyear Tire
7
7
950
4'%
Jan
& Rubber common—*
Gossard Co (H W)
Great
Lakes
Brewing
com———*
B
Interstate
$7
—1
500
6
10()l
10
1 %
1,500
12%
355
19
19
17%
July
2% May
7% Jan
50
18%
11%
16% May
23 % May
Oct
225
Jan
19
July
78?s July
76
63
Jan
123
57
Jan
74?a
3%
3%
70
1% Mar
3%
13%
150
10%
10%
—1
4%
4%
—*
07u
7
4%
7
*
common
common
*
Co
Oct
9%
Jan
16
100
8!h
Jun
12% iJun
200
3%
Jan
5
250
5%
Jan
8%
4 %
200
2% Mar
4 %
Oct
7%
3,217
Jan
8%
Jun
1%
16%
1%
200
5/a
Jan
2
16%
16%
5
70
9%
Jan
20
10%
10%
50
7%
Feb
12
19-7i)
—*
19%
25
12%
Jan
20%
113
15%
'27%
27%
50
19
360
13
-*
10%
•
15%
38%
May
Jun
July
Sep,
Jun
21%
July'
Jan
21 %
Jun
27?4
Jun
Jan
20%
5
common.—*
July
Jun
*
common
Jun
6%
coihmon——5
Dredging!
27% May
.
10%
200
15%
220
10
Jan
38'
16% July
100
32?8
Jan
42% July
9%
Jan
13
May
4%
9%
5
1.750
3%
Feb
5
Oct
9%
9%
6,400
4%
Jan
9-%
Oct
:
Co—
1—
n
1
—
100
...100
8%
17
-a
100
15%
preferred A
prior lien
17
72%
Corp commpn
*
Mickelberry's Food Products common.l
Middle West Corp capital
:
5
17o
Jan
69%
13%
McCord Rad & Mfg class A
United
Jan
iij J«n
08%
13%
Liquid Carbonic common
Lynch Corp common.!.
Midland
July
9% Aug
.
Refinery Co; capital
Field
9%
13%
%
1
$3% preferred'—-1
MeWilliams
18
3%
Libby common
Printing Co
Co
Jan
70%
capital
Co
Kellog Switchboard
Material
12%
16%
Lcalh & Co common..'-—'
Oil
200
]
1
Line
Oct
15? a
.12%
common—*
Drug Co common.--
Lincoln
Oct
21%
9%
*
Joy Manufacturing Co common..
Katz
13%
Jan
1
com..—.*
——
(W B)
Jan
17%
13%
capital—
Harvester
Power-—
preferred
Jan
10
1%
—100
Indep Pneumatic Tool v t c—
International
25
300
1,200
15?ii
•
(new)——.——1
Indianapolis Power & Light
Co
130
13%
21%
13
Cq capital——1
class
38
Jim
May
Sep
41% July
7?s
20%
21-%
10
Illinois Central RR common—.
Steel
37%
——*
common
Djfr & Dk
Printing Co common—^!
Heileman
Oct
Oct
Jan.
1%
29%
10%
85
42% July
16% May
Jan
9
10
1.300
July
Jun
6%
26% Jan
75
a
8%
.
42
50
■
July
22% July
100% Aug
23% Oct
16
1
Oct
July
20%
Jan
95
95
21'? if;
25%
25%
Apr
July.
3%
Jan
17%
15%
85
:
7
Midland Utilities 6 %! prior lien..
57% July
Feb
4%
Adv .common.—-—.v0
Convertible
ser A
Jan
1%
10%
Oct
Maine RR—
67%
17
Corp; common—_10
Marshall
21
11 ? is
366
17%.
17%.
Masonite
11% May
Jun
350
Motors
Apr
Jan
55
255
Outdoor
July
Jan
Mar
250
25
common
Gillette Safety Razor
Goldblatt Bros Inc
48c
Jan
Oct
42
23%
General
Common
mortgage 4%%
footnotes
Foods
General
46
7%
115
20
i
General American Transp common—5
General Finance Corp common
•—1
20c
16
Jan
19%
common———---——1
Morse
Oct
104
'*!;'
47
80%
83
23%
com
—-----
Manufacturing
Sep
July
Oct
Oct
Jan
150
Sep
74
Oct
65%
.2V2
(Peter) Brewing .common-!
Apr
63% Jan
42% Sep
25% Jan
BONDS—
Boston &
Fox
Aug
6%
.
30
' V'.-.-...-.4
Lion
69%
42%
pfd—100
Electric Household Util Corp
—5
Elgin National Watch Co——15
Fairbanks
14
49%
12%
61
Fuller
Jan
Jan
78%>' 79%
%
3'V
78
12%
Inc
9?b
2
Oct
July
9% May
Apr
10
13%
Libby McNeill &
Jan
5%
118
115
61
10
Apr
9%
74%
10%
85c
171
69?'a
10?;
18% Sep
108% May
2% Mar
885
29?;
115
1 % May
112%
38'% Jan
50
}
0
Inland
9%
'
—
July
13%
35
83
12%
Jarvis
26%
34 %
*
Jan
40c
8%
——.a
12% Mar
86
30c
13
Sep
10c
Jan
8%
Westinghouse Electric & Mfg—_5Q
Apr
14% Jun
24c
13%
7
1.600
Dodge Manufacturing: Corp common—*
Domestic Industries Ihc class A——1
Jun
Jan
725
100
1
Jun
Feb
43 c
300
10
Metal & Tunnel
6%
1,000
210
cum
Car
Houdaille-Hershey
Jan
9,400
37%
Eversharp
3%
50
5%
83
113
—25
common;—
Motor
Hupp Motors common
3%
180
13%
12%
Hall
6%
Jan
48%
5%
367is
T
July
1%
25
39
i-u
13%.
,
Jan
26
July
j;l Mar
vUil
92%
250
—2
Co
May
300
7%
-jil
60
!
56
»•—*
&
50
6%
1,150
111 1
85
33
10?;
z3.
preferred
System Inc
Jan
1%
•
Machinery Corp
cumulative
2?;
24%
27 %
__5
:
Rubber
(S
40c
•
Inc
35% Apr
6
10 % July
6
Jan
•
_
Jan
56
10%
(The)
9% July
1% July
Feb
■.
Jan
85
Jan
•
Drill
3
Jan
25
:
28%
Jan
250
50
General
30?;
—*
Machine—,
Webster Inc.-
Drug
Jan
38c
50
-
Quincy Mining Co——
United
5
Jun
July
9% May
Mar
Aug
_..10
.a
12%
n
•
Pennsylvania
United Shoe
106%
100
—
Mills
Twist
40
Jan
75c
92
-100
_—!~
35%
11%
—2.50
Colony RR—
Torrington
Jan
4%
Sep
A
,
Pref e r red
100
io
North Butte Mining
Common
100
100
&
1
46
5c
lou
New Hav
:
23%
6?;
18%
England Tei <ss Tel
York
Shawmut
307;
53
4 %
9 %
c
Drug Stores
46
preferred
New
Sep
11% July
34 % Apr
39%
625
35
4
1
New
Oct
24%
t
v
50
—
23
—_*
-—
31%
3%
50
Cos—.
124
Jan
100
Copper-—_15
common—
9% July
Jan
Jan
(Alf) & Cohn.Inc—•
•V>\;
7%
Hole
Decker
Diamond
121
England Gas & Electric Assn—
5% %
Jun
shares
Dayton Rubber Manufacturing
7% May
42
24
—•
Service
17%
Jan
Jan
_
—
Apr
4%
1—
common—4
Cudahy Packing Co 7%
Common
7.
May
9%
3?;
Oct
69%
130
.
-
Crane Co
Cunningham
35
Jan
90
36?'s
National
Warren
8%
69
5%
5
Utah
Jan
8%
Nash-Kelvinator
Waldorf
2%
5%
1
S
Jun
32%
Narragansett Racing Assn Inc
6 7a
Jun
6%
21
87%
1
Common part shares v t c B—<■
Container Corp of America common—20
Continental Steel common6 *
Jun
6
31?;
Mergenthaler Linotype
U
8%
8%
25
preferred
Union
Jan
175
Feb
54 %
common-—25
.
pt shares
pref
*
common
common
Consumers Co—-
May
Jan
36 7;
Copper
Corp (Del)
Stone &
7
35%
;--4
cumulative preferred
Pacific
8% May
Jan
Jan
1
Maine Central RR common—!
Old
Jan
2
Apr
1%
•
—
Kennecott
Lamson
New
1%
Common part
13%
:—*
Association
Service
International Button
5%
V t c
Jun
5?'a
32%
_100
.
Gillette Safety Razor Co
6'io
Apr
8
Deere
57%
Edison
4
32%
ft
Utensil Co
Biscuit
Jan
Feb
29
15%
12%
common
Jan
23
5
Oct
Corp
Aluminum
Jan
-•
Royale
19?;
2%
160
Jan
400
Oct
Jun
21
109
,
Chicago Yellow Cab capital—
1%
Electric —————-——i—*
General
Isle
6%
'!/
10?B July
!*
Club
8?;
13 a B
■■
common- —100
National Stores
First
32
Jan
50
5%
20?'a
500
*
Aug
f.
Inc common—
Public
31%
300
48
Common capital
2 ; !•
25
9%
July
4%
28%
"
pref
conv
69 ?a
2
-
Light pref«
34?; July
12
:v'5%
a_'
/
preferred series A——.100
Engineers
Jan
"
Jan
July
40
5%
6?;
100
5% preferred adjustment
Eastern
14
102
Associates—
prior preferred—
1st
Chicago Towel Co
Chrysler
576
Gpreferred -—,.—100
Mass
5%
3
5%
32
——"
_
Gas & Fuel
Eastern
Jan
75
5%
10
Co.-.
'
4%%
62%
,%;■ 295
5
5
.—
4
4?«
.100
—
...
Eastern
Jan
8
5%
■
stamped.---100
Service !_—_
Copper
24
40
r
3
——100
Calumet & Hecla
Cities
.
100
—.
5%
4
"5%
preferred—100
Stamped
&
J art
1,559
3%
&
preferred—
Flexible Shaft common.
Chicago
3%
9%
Convertible
Consolidated
2
3%
preferred- %100
Boston
Jun
158% July
31% Apr
Jan
81%
403
26
2
_^_;-%^i--100
1st
class D
19%
.:
22%
—100
prcierred.ii'--"—100
B
10%
24:%
225
67
100
stamped
1st
Stamped
l7o class C
'V
96 %
Power
Commonwealth
Stamped
8%
32%
100
86%
v
Cherry. Burrell Cprp common,5
Chicago Corp common
1
High
Jan
RR—
preferred
5class A
369
33%
*
prior preferred
67o
,
Maine
26%
90%
100
&
17%
127'/a Jan
.
!*
25
Boston
25
2.638
■
100
Boston Herald Traveler Corp.—
Central States
Low
27%
156?;
4
19
4
28%
56
Range Since January 1
High
156
156 %
Jan
Jan
20
21.
_*
—
15 % July
?;
127«
50c
com
—
Shares '"
25
100
Util
Sep
1
600
"
& South West
Jan
5% Apr
19% July
38?; July
8%
,
Prior lien preferred
Preferred
Sales
Last
Central
8% Aug
Jan
26%
.
Corp—
preferred
Apr
4
/VS'^.v:
•
t
pfd
Sep
9%
39"; Mar
Jan
550
_1
Convertible
10 io Oct. 22 both inclusive, compiled from official sales lists
Oct.
$6
3?;
Jun
19
18%
V-
10
_
Common
■
..
Exchange
3? is
23
Jan
4?; Aug
4
July
2%
13'/2
ioo
13%. %4
—30
common..
Central Illinois Securities
Boston Slock
14
*9
convertible preferred.
Castle
Sep
6% May
33% Aug
100
4r'«
16%
7
Jan
Jan
16
100
4%'
5
Ring common.!!.,._1
Brothers
6%
1?; Mar
%■ Jan
3? a
207
16''it
5
"•!
100
8%
35 %
:
8
hi-L'
A pfd—..;.*
common
Jan
Jan
2%
50
710
20%
8!)
1
(E
,
?; Jan
550
4
35
'i
'
1%
%
3?t
22 2 f
5
_.
1%
5?4!
37 a
*
common
560
■
4
—
5%
1%
3
Common.
5%.-.%
indebt
Transit
Brown
18% July
42?; July
106
—„„_5
common-—-
Corp
Apr
13?;
550
!
6%
Jan
Bonds—
Atlantic
Sep
Jan
11
100
common—,.._.3
Inc]
Laughlin
'--si •'
2?u
200
13%
17%
,
%i;2'
700
100
_
capital
Corp.4—
Warner
37; :-'!4;!:t-
1
Aviation
Bliss
May
14
57',; July
14% Apr
33%
34
5
.2'
Corp; common-——5
Berghoff Brewing Cono_!
1
Binks Manufacturing Lo
capital—;——1
Aug
40
34
41%
Corp (Del aware)——
Belmont Radio
Bendix
83
Preferred
&o
Tel
commoh__
Bastian-Blessing Co
Apr
28%
31
92
Automatic
Aviation
Jan
•
&
Co
Asbestos Manufacturing Co
Athey Truss Wheel capital
Oct
Jan
2.00
65
39 >/4
50
6014 July
22%
83 %
—
Sep
Jun
118
%
28
—
Bank——-—-20
10
1.50
62?a Mar
53? a
*
American
July
60
Jan
53%
do
American
145
Juri
50
83%
83 %
2
Power common——--"
National
70
Mar
1.00 Mar
10
28%
--
pfd-.—100
Casualty—
80
54
28
■
125
51%
common.—
Mfg
High
120
CdjcOmmori
Bearing
LOW
59%
Manufacturing com..—"
Gas
Range Since January 1
High
58%
....L.25
common-..-
Chalmers
Armour
Loxo
Shares
*
Laboratories common!
Allls
Oct
Jan
6%
10
1.50
54
c.25
210
145
1.50
—
.
—100
pfd
Mills
145
145
100
Fidelity & Guar
Western
.!
1
.—
8%
8%
.
common
Aluminum .Eastings
Aetna Ball
67 %
Jan
Co
Adams
Jan
2
for Week
of Prices
Par
r
Mar
Acme Steel
1.00 Mar
Sales
Range
Sale Price
High
Jan
460
65%
115
.-20
.
common--
Vernon-Woodbury
S
237
34
65
...
t c——1
v
Maryland & Pa RR
Penna
65
100
preferred stamped—-—preferred (unstamped)-
Houston
New
9%
34
•——100
—
Sugars Assoc
Fidelity
Mt
9%
1.85
16
STOCKS
'
Eastern
6%
1.70
,1.70
L.
common
——
preferred C
6'k
"
_—
Inc.—
Gas Elec
4%
c
400
Week's
Last
Range Since January t
Low
19
inclusive, compiled from official sales lists
Friday
Shares
High
18%.
18"2
t--100
v
Eisenberg
Brager
t
v
low
—*'
.
Oct: 16 to Oct. 22 both
Sales
for Week
Range
Par
Arundel
Chicago Stock Exchange
inclusive, compiled from official sales lists
Friday
Monday, October 25, 1943
15%
5,450
8%
Jan
15? a
Oct
8%
1,800
1%
Feb
11%
8%
Sep
1,150
2
Jan
11%
Sep
7
6%
•,1lt Mar
% May
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4223
158
1663
OTHER STOCK EXCHANGES
Last
7—77
&
Range Since January 1
Shares
Oct. ,16 to Oct. 22 both
.
Low
High
High
v t c_—
■
J-Iti
Montgomery Ward &
Co
11%
11%
28
100
43%
837
44%
Jan
8%
300
28
44%
•
common, j.
1
1,800
li'/t
•—
common
2%
28
10
Manufacturing
Jan
Jan
22
33%
S/":;Last
3% July
12
July
29
,
;■
Sale Price
3
Sep
Nachman
Spririgfilled
Standard
*
common—.
7%
preferred
Omnibus
Corp
prior lien
—
17 %
Pen
Co
(The)
Peabody Coal Co
6%
Co
&
Pressed
Steel
Car
37% July
181
>i
200
19 %
6%
*
10
9
Jan
22% July
Faultless
100
4%
Jan
8 % May
Goodrich
B
12
Apr
15
Oct
24 7 i,
50
14%
Jan
25
Aug
Feb
5
dun
2%
50
3%
Eaton
Manufacturing
83
685
70
Feb
86%
27%
805
23 %
Jan
Rath
Co
Jun
361
46%
Jan
May
61% July
9 'it
9', it
50
4%
Jan
12%
10%
50
6%
Jan
13%
Jun
Packing
92
Jan
70
Mar
83
84 %
130
10
37%
37%
200
34%
Apr
40
Jan
*
McKcc
(
A G)
83 r,
85%
355
59%
Jan
90 %
Sep
Portland
Murray
Ohio
Serrick
capital
Corp
Common '
Standard
Works capital
preferred
Oil
Corp
150
July
2
20
July
110
3
Jan
15%
300
13
Jan
17
July
850
1
Jan
3
Refining
1,345
Ohio Brass
•
7
".
%
27%
8'/a
Apr
Sep
33%
34%
Jan
38% July
.11%
11%
12
Jan
14%
Jun
10%
10%
50
"7%
Jan
10',«
16
16%
1,000
14%
Jan
18% Mar
34
25
5
common
26%
15
26%
806
30%
26%,
25
capital
28%
7
120
31%
1,051
22%
Jan
29
Jan
v
27% July
35%
capital
Corp
West
48 7»
Air Lines...5
21%
Union Carbide & Carbon capital
United
U
U
S
S
Lines
Air
Gypsum
Steel
1%
Transp
Co
349
42
100
15%
Jan
6%
354
79%
Jan
86%
26%
90
16%
Jan
Jun
73%
74'i.
100
59%
Jan
52%
54%
975
47%
Jan
59% July
213
112'%
Jan
125% July
350
2
Jan
4% May
53%
100
1
4
,.
4
4
.
74%
„_—..*
267«
27%.
455
20 %
Jan
28
July
100
41%
44
<
392
26%
Jan
44
Oct
95%
95%
120
80%
Jan
98% July
850
3
3%
common.——
8%
8%
Co capital—~—_—
69%
69%
Oil-O-Malic
common—.*
Eankshares
.
Machine capital
'"V
-
Radio
Zenith
Corp
*'
.
'
Atchison
(Glenn
8%
Co
Pictures
70%
(The)
581a
Jan
4%
Jan
15
92
93
5%
a20
12
12
72
50
.
13%
5
all%
a 11%
32 %
19% Jan
a7%
9%
307
6%
Jan
11%
26 %
560
24%
Jan
31%
395
45%
Jan
65
60 s
261
56
Jan
69
&
Tub—
a
7%
201
;
6%
Jan
900
37
30%
Jan
7%
17'.,
17%
170
50
6
12
11%
12
620
18
17%
18%
875
10%
Jan
24
common...*
.
23%
Feb
34% July
—
50
24
— /
9%
2%
200
1%
Sep
80
19% al9%
7;—
Jan
30
a
__
a41
a39% a39%
...
i'
Mar
20
2Vj
Apr
Republic Steel
Twin
S
Coach
!
common
i,
a37
——
a
18% al8%
100
a
17% al.7%
125
0
„.
a
—
a
™—
common...
Steel
55
—
—
a37
17%
a
a9%
*
18 %
50
35
a9%
25
52% a54 %
120
Members
New York Stock
Detroit Stock
Ford
15
/;
-
Chicago Stock Exchange
Building
DETROIT
Telephone: Randolph 5530
May
26
870
15%
Jan
595
26%
Jan
16:,H
575
9%
Jan
July
19% May
30
July
Detroit Stock
40
r
Exchange
Jun
20
37 7 a
.
9'L-
9 7 it
600
5
Jan
12V4 May
18%
550
14
Jan
20J/4 July
27'% ;:'N
300
24%
Sep
28%
57
58%
415
46 %• Jan
60%
Sep
11%
7:
17%
26'li
•
—*
New York Curb Associate
Exchange
Apr
157,t
16
•
May
1'2'a-
210
5%
Jan
13%
Jun
Baldwin Rubber common:—;—
42 7
427a
25
25%
Jan
46%
Sep
12%
Jan
18%
Sep
Manufacturing common..—."
Brown, McLaren common
1
Borroughs Adding Machine
— *
Oct. 16 to Oct. 22 both
.*
57%,
Week's
jrf—1
vii
„
,
'■
--
•
7-:' 7J /'7-% 7
—
Par
Briggs
Friday'
Last
Range
Sale Price'
6TOCKS-
Baldwin Locomotive Works.—
Shares
—
Edison
1%
160
9%
15
'
20%
50
10%
202
99 % 100
99
—
—
20%
10%
—
7%
7%
143
100
45
7%
378
—
Crosley Corp
7*
„
.
——10
Eagle-Picher
Insulation
72
17%
18%
224
4%
4%
100
..
11%
*
—...
71%
18%
.-50
Telephone- ——
—
—*
?
* '
*
—*
—
1.
_——
.
—
%
6
High
Jan
2%
Jun
Sep
9
%
77
17%
5
Jan
Federal
130
4 %
21
High
7% May
Jan
30
Jan
Jun
1%
1%
100
1%
Jan
1%
Apr
12%
12%
150
9%
Jan
15%
Jun
7 %
May
5%
250
4%
Jan
3%
250
1
Jan
4% July
4%
4%
6,652
Jan
21%
4%
..
5%
3%
3%
21%
1.190
5
Apr
22% July
8%
300
Motor
7%.
17
'
3
17%
Jan
17
110
4%
Jan
13% Mar
9
May
17.
Oct
6
Apr
5%
5%
250
3%
2%
2%
500
1% Mar
2%
Oct
4%
4%
1,525
3%
Jan
6%
Jun
3%
3%
440
2
Jan
4% May
2%';
5%
Truck common
Frankenmuth Brewing common...—-1
3
Industries common—
23% July
General
11
Jan
Goebel
Brewing common..——
Aug
Hoover
Ball
Jun
Hudson
July
81%
Jan
100%
2%
575
1%
Jan
3 %
Jan
84
Feb
101
9
Finance
4%
_1
common
1
2%
May
Sep
7%
60
J.un
Jan
97s
Jan
23% July
2%
Jan
&
Bearing common—-.10
19
19
Car'common.———
Motor
8%
/
19
8%
383
756
14% Jan
4%
Jan
74% July
4%
Oct
LaSalle
Masco
3%
.
11%
320
7%
Jan
13% May
29%
30
16%
Jan
Michigan Die Casting common——— 1
35
Michigan Sugar common..——'
18%
21
17
Oct
20%
28
85
20
Jan
30
May
Micromatic
39%
40
58
37
Jan
43
July
Motor Wheel
9%
45
6%
Feb
31%
32%
144
24%
Feb
1%
Aug
2
200
4
4%
688
3%
15
Feb
414
48%
54
30%
2
July
11 %
July
200
1%
465
1%
2,300
1%
1%
70c
75c
800
6
200
2%
1
Jan
Jan
A,.
4% July
Jan
1% July
2% Jun
Jan
1 %
May
4%
Apr
6 %
July
1%
62c
Jun
common——:—-1
common—.—
50c
5%
1%
5%
1%
1%
100
1%
Jan
common—.———5
16%
16%
16%
100
11%
Jan
3%
3%
275
2%
Jan
5
30%
28.7- Jan
32
Hone,
Abr
2% Mar
18%
Apr
Jun
32 % May*
Jan
3%
9%
3%
1%
common.....2
Wines
Screw Products common——.1
11%
Jan
20
;
29%
2
—*
Leonard
Low
140
Oct
9%
32
6%
27
...
5
Mid-West
A—
Range Since January 1
High
—
5
Mogul common.........—
18%
.
common—10
Federal
27%
class A
*
Art™,:——————7——*
Fyr-Fyter
Nav
common————...20
Eureka Vacuum common
Gar Wood
Champion Paper & Fibre——*1
Churngold i
•—
Cincinnati Gas & Electric preferred.100
C N O & T P
20
Cincinnati Street
—50
*
Shaies
Range Since January 1
Low
1%
8
&
Detroit
for Week
High
9
preferred..— *
Cleveland
Detroit
6 %
27
—
Sales
for Week
Sales
of Prices
Low
Par
American Products par tic
Week's
Low
.1
Crowley, Milner common.
inclusive, compiled from official sales lists
of Prices
—1
Continental Motors common
Oct. 16 to Oct. 22 both
Range
Sale Price
Sep
Exchange
inclusive, compiled from official sales lists
Friday
STOCKS—
Cincinnati Stock Exchange
——.
July
a38 % a38 %
*
York Central RR common.———
Ohio Oil common
—*
9% May
9%
24%
•
*
iv
Kahn
15
2%
Apr
36%
•
common
common
1
10
Yellow Truck & Coach class B™—.1
Kroger
Jan
226
...
Tire & Rubber common——*'
General Electric common.—.
*
39% July
•
Jan
16% Aug
6% Jan
common
Hobart class
Sep
"711%
Unlisted—
Addressograph-Multigraph
Apr
7%
U. S. Rubber Co common
Gibson
?—
12
16%
a41
—
*
2
Sheet
July
36'..
:C'w'.7
Formica
7:
Oct
Jan
8
16%
——-25
—
Firestone
Jun
59%
5
common
Drug
7
Sep
5%
7/
37% July
440
7'4
Standard Oil of New Jersey capital—25
Dow
.-7'
201
a7%
97
Jan
77
31%
—
—
all%
—
Jan
1%
10
Last
Cincinnati
65
650
n20
13%
Refining
Standard Brands—
Studebaker Corp
120
295
5%
7% May
—•
Radio Corp of America common
Republic Steel Corp common
New
18% Mar
100
Sep
145
300
/
i
common
capital—
Inc
Oil Co
Jan
146
Oct
Jan
25 In
37
*
New York Central RR capital
Paramount
14%
16%
14%
13%
•„
Standard Oil of Ohio
4% Mar
7:
5%
*
common
Corp
Nash-Kelvlnator
Pure
1% Feb
700
58 r'n
—...
59%
3
L)
36% May
14%
*
Seiberling Rubber
U
59'..
•
•
common
Co
Interlake Iron Corp
Pullman
6
;
■
33%
9 •»
•
50
Curtlss-Wright
Martin
33
33'
Topeka & Santa Fe com—100
ElectrJc
Jan
WATLING, Lerchen & Co.
Mining
Copper
Jan
30
* ;
•
common
Bethlehem Steel Corp
General
5%
.5
\U'y-
'
American Radiator & St San com
Anaconda
4
25
—
Stocks—
Unlisted
160
14%
■—
Electric
Rlchman Bros.
Sep
Union Tel common
Yates-Amencan
—
s '
Jan
5%
34%
32% July
123% 124%
•
preferred—
Wrigley (Wm Jr)
7
Feb
5%
93
0
————;
Youngstown
807it
Westinghouse Elec & Mfg common—50
'
July
_*
___
Reliance
Warren
Walgreen Co common..—
Wisconsin
15
1
pfd
A
New
Williams
35-%
Jan
16%
Patterson-Sargent
531/4 July
251/4 July
Jan
21%
26%
20
common
Utah Radio Products common.—
Western
Jan
9%
Apr
80%
5
capital
common
cumulative
49%
21%
25
—°
Transcontinental &
:—'
30^«
14%
*>
J.
prior
Van Dorn Iron Works
Texas
Jun
7 20
34%
class B
Corp
■
—;^-:i;7y —% %
Apr
1.6%
Packer
Jan
Oct
.77 —
350
534
—...
-
11
15%
120
..7'-
12
July
221
10%
capital
capital
International
Acme
62
—7'
180
Cement..-.
Nestle LeMur class
.
75
-
Oct
107
68
Apr
11%
Manufacturing...—..
National
18% July
34
Jan
Jun
10
4 %
13 %
——5
Sundstrand Machine Tool
Co
"
15%
2%
1,720
11%
Mar
.3
2%
22 %
7
250
3%
common———10
Indiana
ol
'
3
———
Fur
Swift
5
——— 20
—
Stewart Warner Corp common
Storkline
11%
————
common—
Standard Dredge
3%
11%
•
—
Bend Lathe
Spiegel Inc.
Swift
3%
Corp class B common-™——1
Sinclair Oil
South
Co
22% July
71
Jan
34
class B,
National
common
Sears-Roebuck &
34
Jan
Jan
10'/8
113
19
a41
Kelly Island Lime & Tr.
Lamson & Sessions
—
a37% a37%
—
*
....
Jun
10%
•
common™
Rubber—1—I——!•
Interlake Steamship
Medusa
Quaker Oats
18
a41
33
58
i87H
«
Goodyear Tire &
120
13
59
1,259
;
a39% a4Q %
*
....
F
77—7
55
15
107
■
,
26
66
14%
———..a
High
154
18%
a
66
™
Range Since January 1
Low
40%
18%
a
66
■
—00
Rubber—
6%
Oct
Sep
26%
.
I
common
19%
16'%
■
*
preferred
Jan
57%
26%
50
_100
_
Chemical
Jan
50
3%
Dow
10%
103
J1
Shares
High
40%
common——————— 5
56
15
797»
83
Corp
10
24%
__...10
Cliffs
July
13
15
%
Cleveland Cliffs Iron preferred
19% .Sep
8% Jan
500
100
B
Jan
16%
common B__—5
class
Jan
23%
G
Pennsylvania RR capital™
Peoples Gas Lt & Coke capital
Poor
26%
190
100
preferred
Oct
350
1.7%
pfd-.lOO
common
Sep
12
34%
96
common——
15%
Jan
35%
18%
Ontario Manufacturing Co common—*
Parker
4%
38
5)6
*
—
Jan
10
100
100
34 7 it
347 it
20
North American Car common
15%
12
34
a
Northwest Bancorp common—
Utilities
1,2
100
common—
Noblitt-Sparks Industries Inc cap
West
15 ',4
12
common—-—-*
National Pressure Cooker
for Week
of Prices
Low
sales lists
Sales
Range
—; Par
Brewing Corp of America/
50
Jan
STOCKS—
July
Clark Controller
National
Week's
Friday
stock
$1 prior preferred
Nort
inclusive, compiled from official
Hart-
Common
Modine
Low
Cleveland Stock Exchange
for Week
Range
of Prices
Sale Price
Par
Miller
Sales
Week's
Friday
STOCKS—
Oct
Packard
Motor
Car
common..
1
*
May
2.50
.
4%
—.—-10
*
56%
56%
57%
10
—
40 %
40 %
40 %
10
497
3
50
50 %
49%
50%
115
38
?5
U.
13%
13%
14%
60
30%
10%
s
S.
7%
Printing'.
*
Jan
Jan
Jan
Jan
4% May
-
6
Sep
common
May.
31%
240
9
9%
344
1%
1 %
1%
260
10
Davis
12%
12%
179
10%
Jan
1
2%
2%
200
1%
Jan
2% July
2 %
2 %
575
1 %
Jan
2%
4%
4%
100
3
Jan
4%
—.
Parker-Wolverine
common..^.—
Peninsular
Metal
Products common.
Simplicity
Pattern
31 !a
6%
Jan
10
May
Jan
1
% July
July
58
Parke,
9
l
Maghavox ————.—
National Pumps preferred.:
Procter & Gamble
42 % July
10
Oct
50
.1
76c
14%
Apr
May
common.
Sep
Unlisted—
Jan
16% July
United
Jan
15% Aug
U
14%
Columbia
General
Standard
.10
Motors—
a
Brands
14%
10
4%
Gas
4%
4%
280
51%
51%
52 %
146
44%
Jan
26%
27%
105
25
Sep
28%
47
47
41%
Jan
49% July
27%
—
For
footnotes
see
page
1667.
10
2
Jan
5%
Jun
S
Shirt
Radiator
Universal
Dist
common.
common—...
Cooler
class
A...
1
<1
c
55% July
,
3
100
1%
Jan
3%
Jun
7
7
200
3%
Jan
7%
Jun
2% May
1%
2%
2 %
1,500
68c
Jan
1
1%
2,700
1
Aug
Sep
Warner
Aircraft
common.
1
Oct
3
'■
7
:•
•
THE COMMERCIAL & FINANCIAL CHRONICLE
1664
OTHER STOCK
Los
Week's
Last
Range
Par
Bandinl
Barker
Petroleum
Bros
Diamond
Blue
Company
5%%
Corp
Barnhart-Morrow
Low
2%
50o
Inc
V;/:;
45
45
50c
Chrysler
''w*-■
5
*
Corp
23
1.35
Jan
47
50c
Oct
79%
9%
10%
23
75c
Jan
2.00 Mar
Jan
7%
2.05
Jun
Jan
14
19
Jan
53%
Sep
"/v ;■/ 1
68%
Jan
81
Sep
8,295
6%
Jan
10%
Oct
3,324
19 Va
July
■
Preferred
Creameries
of
—*
,
—,
1
America—.—
Douglas Aircraft Co
Corp.—.
Equipment Co—
Derrick &
Emsco
vu
Exeter Oil Co Ltd class
7%
Vt*
•
Products
Electrical
20%
V
11%
5
General Motors Corp
Tire &
Goodyear
-1
35c
22%
Jan
Oct
8
Sep
66% July
IV4
Jan
12
430
10%
40c
35c
10
57/a
600
20
Jan
Jan
Oct
12
50
May
50
405%
Feb
440
Aug
6
a52
& Tel.
.100
Baldwin Locomotive
Bankers
Securities
Works vtc
Corp
Barber Asphalt Corp
Budd (EG) Mfg Co
Budd
-1/
Wheel
Oil
Hudson
Co
6
100
4%
Apr
6
44%
Jan
55% July
26%
Jan
41
'
51%
52%
378
*
37 %
37%
185
48
Co—————*
Cat
Motor
48%
425
8%
275
8%
34
July
Jan
4%
48%
Jan
10% July
5% Oct
'
Bros
Hunt
Packing common——.
Preferred
Intercoast
—10
—t
Petroleum
Lane-Wells Co__,
—
5%
'
•
7 'V:V
"A
M.V!
5%
200
700
7
Oct
7
300
14c
Jan
46c
Lockheed Aircraft Corp——
1
10
Los
Angeles Investment Co—
Menasco Mfg Co
Jan
11%
Jun
10%
200
34c
400
16%
17%
13%
27c
319
1.05
,
6%
;
405
13%
13%
—1
Occidental Petroleum Corp'_
1.05
1.20
28C
1
28C
2,020
Jan
Prior
1
——_
Pacific Clay Products
Pacific Gas & Electric
6%
1st preferred—.:
5%
1st preferred
Pacific
^
r
47C
■ ■■
-j
*
25
97 %c
1.000
13%
Sep
1.80 May
Jan
9c
Jan
Republic Petroleum Co
:
Co
common-—
1
preferred
Richfield
Oil
50
_
Corp common
;
35c
500
Jan
Power
Sinclair
30%
Jan
36 %
190
26%
Feb
30 %
41
459
34%
Jan
$1
preference
4.40%
5%
1,950
2.10
Jan
a47%
"
47%
9%
13
4314
Jan
6%
Oct
Jun
7%
Ji'h
3%
Jan
5% Mar
35
vi^Jan
Solar
74
32
Jan
42
22
Jan
39 %
11%
11%
734
7Va
————1
3 %
3Va
3%
200
2%
Jan
Chain
Sontag
6%
Stores
Co
5l/2%
Ltd—
4
Pacific
Co
Oil
8 %
200
of
Co
9
Jan
16%
Jan
45%
33%
Jan
43
51%
5P/4
52
976
44
Jan
Sep
Sep
56% July
9% May
614
614
6%
5
4%
5
27
26%
21%
21
24%
25
•
*
24%
;_100
117%
common
—
Jan
30
Jan
31 %
31%
619
28%
Feb
32
16
Jan
Union
Oil
of
Western Air
Jan
795
37 S/8
1,415
California
5%
6
639
1%, Jan
8%
8%
629
614
21%
21
a 20
25
—
19%
Af::
Cons
Co—
10
20%
a6V4
6c
Mining Co—10c
6 %
1,876
Jan
19% Mar
15%
Jan
10
2nd
Salt
preferred
Dome
50
Oil
Corp
6V4
5c
6c
Anaconda
Armour
Copper Mining Co
Co (111)—
&
Atchison, Topeka & Santa
Atlantic
Refining
Aviation Corp
Baldwin
May
24% July
22% Julv
100
3%
Jan
7
2c
4,000
Feb
7c
Oct
Sep
Oil
Co
26 %
65
53/s
310
59 %
75
48
Jan
6
July
64% July
90
21%
Feb
27
200
3%
Jan
Continental
Crown
25%
Co
Zellerbach
15%
16%
35%
a
59%
29)4
29 %
a37
5
Corp—
13%
100
13%
Oct
20%
a31%
31%
85
29%
Feb
37
100
15%
Sep
16
16
37
Scott Paper common—
Oil
18
American Aviation,
American Co
Co
a
$3
Gas
Jan
39
Jan
42
14
Jan
13%
Jan
7
■
26%
14%
■
Jan
22% May
30 % Mar
57
*22%
Jan
10%
967
2%
Jan
38%
39%
60
62
Jun
10%
Oct
42
38%
Jan
43%
Feb
*
237
48%
Jan
63% Mar
112
25
1%
j7,j Jan
1%
X%
1
*
——
Ex-stock
distribution
Westmoreland
Inc
752
Hi
%
Feb
2% Aug
Jan
1%
75
A
Jan
34%
35%
430
17%
Jan
35%
Sep
2%
35
2%
12.459
1%
Jun
2%
Jun
2%
.
v:
2% May
10
16
16%
127
12%
Feb
16%
Oct
20
24%
25 %
78
20 %
Aug
25%
Oct
—
Coal
■——
Pittsburgh Slock Exchange
Oct. 16 to Oct. 22 both inclusive, compiled from official sales lists
Week's
Last
Sale Price
y y.-
&
Electric
common-
Walker
5%
8
8%
50
4%
4%
16%
12%
2%
3
1
-
:v- ' '
6
Refractories
15%
—
100
McKinney
Manufacturing
Supply
104
&
Gas
common
Steel
Westinghouse Air
Jan
17% May
8%
Jan
14% July
1%
Jan
13
13%
Jan
58
92
Jan
15%
8%
433
8%
11% Jun
5%
3
50
5%
84%
Jan
4%
4%
2%
84
4%
Oct
9%
Jan
133
July
18% July
104
Sep
605
Jun
Jan
Jun
4%
8
Feb
July
97% July
6% Apr
Jan
2c
3c
lc
Jan
3
3
110
2'%
Jan
3 % July
7%
7%
217
6%
Oct
93a May
„y '■
34%
34%
212
32 %
Aug
35
21%
20%
21 %
365
15%
Jan
24% May
"•.'yy
■
•
„
5,000
3c
Oct
Feb
St. Louis Listed and Unlisted Securities
Edward D. Jones
28% Aug
7%
35
30
170
30%
Oct
13%
295
6%
Jan
31'
8
200
150
30
15
2,640
7 %
2c
<>
Brake..
193
285
334
4%
1
Springs
Vanadium Alloys Steel
16'4
96%
1
.
Jan
7
1
Mining—
2
3%
96%
*
Pittsburgh Screw & Bolt Corp
297
95
—10
:——„ —25
Jun
iJan
103% 104
-
.
Jun
6
8%
-1
.
Fuel
-
13
15%
—10
Pittsburgh Plate Glass.
Standard
31%
Jan
—5
_
Gas
Oil
Jan
1%
4%
Oil
Shamrock
18%
50
*
Lone Star
San Toy
High
30
3%
■,
.
•
Brewing
Mountain
Low
27%
3%
16 %
Gas
Pitt
Range Since January 1
High
27%
"•*
Co
Duquesne Brewing
Fort
Shares
8%
—
Arkansas Natural Gas Co common.
Blaw-Knox
for Week
of Prices
Low
*
Allegheny Ludlum Steel
Sales
Range
Friday
STOCKS—
Oct
Oct
Jan
36
300
35
North
4th St.,
Co.
&
1922
St. Louis 2, Missouri
Members
New York Stock Exchange
St. Louis Stock Exchange
Mar
16% Mar
5%
Jan
Phone
CEntral 7600
Chicago Stock Exch.
Postal Long Distance
Chicago Board of Trade
Associate Member Chicago Mercantile Exchange
Apr
147
21
120
44%
36%
Feb
10%
18%
569
May
Bell Teletype SL593
8%
Jun
.21% May
48% July
Jan
20 %
200
9%
Jan
297
10%
Jan
14
Apr
18% July
17%
17%
10
12
Jan
21
July
3%
3%
300
Jan
5
May
a
a24%
25%
15% Jan
27%
24
23%
23%
225
23
37
37%
100
31% Apr
23% Aug35% Oct
16%
100
10
250
18%
665
a37%
16%
a
a9%
9%
18
Aug
33% Aug
12% Jun
5
14%
19%
Ian
12% May
Jan
20% July
21%
19
Feb
83%
85%
25%
186
59%
Jan
13
86
13%
673
Sep
10%
Jan
15
July
25
16%
Jan
29%
13%
a22%
a26%
75
22%
*
27
104
25
a34
34%
136
28%
Feb
a57 %
36%
58%
102
47%
Jan
60
40
7%
Feb
»
a9
9
Jun
Apr
July
Sep
l
all%
11%
50
5%
Jan
13
a26%
26%
82
24%
Feb
26% Aug
a
49%
49%
70
42%
Jan
10
al3%
13%
100
9%
Jan
a80%
80%
100
a98
98
98%
5
a26
•
1667.
Mav
50% Aug
15% July
80%
80
81%
Oct
84 %
Elder
Inv.
Electric
Co
Electric
Falstaff
Brew
International
Laclede
Landis
Shoe
Shoe
Steel
100
-
18%
Jan
29
Sep
48
Jan
59
July
30
26
26
20
a53
54
110
5
a
12%
12%
20
7%
Jan
43%
43%
670
35 %
Aug
15% July
43% Oct
50
a94%
95%
130
82
Jan
82
1
6%
6%
100
10
a37%
37%
,
50
36
Jan
Jan
6%
Jun
11
3
11
Oct
5
Feb
Oct
12%
345
7%
Jan
5%
7%
50
5%
70
5%
Oct
7% July
7%
7%
25
334
Jan
7%
28%
Jan
36
198
2
2
325
16%
16%
11
17%
15
15
65
14
14
245
*
39
39
*
9
—100
102
15%
100
16%
1 % May
200
11
20
—25
common—..
11
7%
36
Midwest Piping & Sply common
*
Missouri Portland Cement common—25
National
Dry
Goods
common
preferred
16%
14
Candy common
Rice-Stix
Scruggs
2%
7%
3%
*
common
Machine
Apr
50
——*
common—
common
5%
6
12%
*
common
High
8
7%
1
common——
Hussmann-Ligonier
Low
6
11
—__4
Hydraulic Pressed Brick pfd—
Range Since January 1
ires
High
5%
—*
common-
Sales
6
_10
—
Mfg common——.
Emerson
Low
*
common—
of Prices
official sales lists
for Week
9
8% May
13
July
Apr
383/4 July
2% Aug
Jan
18
Mar
Jan
12
July
9%
102
14%
140
20
Mar
100
305
4
Jan
12%
,
/
Jan
16% July
11
Jan
16 Va
14 Va
Jan
40
6%
Jan
10
Sep
Feb
102
Oct
Jan
101
Jun
Sep
Apr
—100
-
Company (F W)
Century
2nd
*
Telegraph Co
Westinghouse Elec & Mfg Co—
Willys-Overland Motors Inc—
Par
American
National Bearing Metals common
25
Co
Sale Price
Range
9% July
25
Oil
STOCKS—
fJohansen
25
;
July
Exchange
Week's
Last
Jun
a21%
a 85%
_«
(Indiana)
Jan
St. Louis Stock
Oct. 16 to Oct. 22 both inclusive, compiled from
Friday
105
26%
*
new
50
2%
Apr
27
a27
•
page
■:f;:
1
July
35%
27%
10%
15
United States Steel
Corp
Warner Bros Pictures Inc
Western Union
see
31%
195
16%
♦
Corp
*
footnotes
470
100
17%
•
Company
United Air Lines
Transport
For
26% Aug
120% Aug
18 % Oct
Improvement—
Oct
42
a44
17%
•
Union Carbide & Carbon
Corp
Union Pacific Railroad
Woolworth
30
925
27%
*
preferred
Apr
16%
»
Inc
Texas Corp (The)
Tide Water Associated
Jan
934
Established
37
a6% ■•*.7%
23%
23%
25
Seaboard Oil Co of Del-
Co
Apr
114%
July
9%
10
50
Sears, Roebuck & Co
Socony-Vacuum Oil Co
&
Jan
31%
23%
1
—
Corp of America
Republic Steel' Corp,
Studebaker
7
13%
•
Inc.
Radio
Swift
200
27%
a29%
•
Pullman Incorporated
Pure Oil Co
Webster
7%
1
—
Pennsylvania Railroad Co.
Phelps Dodge Corporation—
&
23%
40
27%
—•
United Corp
United
Oct
•
Inc.
Company
Company
Standard Oil Co (N J)
Oct
4,301
Apr
a7%
*
*
Stone
Apr
21%
New York Curb Exchange Associate
RR
Oil
32 %
Apr
Apr
42
a31%
Jan
16%
38%
——*
;
———
1% May
27%
42
*
New
Standard
16
7%
*
*
—
McKesson & Robbins Inc
Southern Ry Co
Standard Brands Inc
26%
13%
Montgomery Ward & Co Inc
Car
45
Jan
Jan
,
23%
29% Sep
33% May
%
—5
1,603
6,520
Jun
July
Feb
Jan
29%
42 M
Co.—
Pictures
28% Aug
25
22 51
•
Motor
170
30
—7
Packard
29%
37
93
Kennecott Copper Corp
Paramount
69
Sep
800
Libby, McNeill & Libby
Oil
58
50
%
International Nickel Co of Canada—*
International Tel & Tel Corp.
*
North
19
July
38% July
213
47%
Foods
North
35% July
60
25%
General
Ohio
Jan
13
19% May
—5
.
Apr
Feb
%
Co
Central
Jun
6%
25%
.
•
York
Jan
1
Corp
Corp.—
12%
Jan
3,'.
*
Corp
(Del)
Ry
25
3%
a 25%
25
—
Corp
Electric
Iron
190
24%
a47%
General
Northern
15%
al6%
a59 %
1
Interlake
3%
a35%
5
Curtiss-Wright Corp
Great
26
3%
—J*
;
Southern
Aircraft
Oil
a26
—13
—
Commonwealth Edison Co
Jun
5%
15
&
11%
156% July
31% Jan
a59%
i
Caterpillar Tractor Co__,
Vultee
Jan
Feb
a26
——.5
Borg-Warner Corp
Consol
6%
131%
_3
Co——_
Commonwealth
50
487
5
—
Co
9%
156% 156%
156%
50
Bendix Aviation Corp————
Bethlehem Steel Corp
4
Borden
a
Ry—100
.—25
—
Fe
Locomotive Works vtc
Barnsdall
a9%
•
100
Sep
27%
21%
10%
--
Corp—————__1
Koppers Co preferred—
Amer Rad & Std Sanl
5%
17%
50
common.
Sep
Stocks—
American Tel & Tel Co
Jan
17%
Reading Co
Harbison
Unlisted
3%
18%
Devonian
Juneau Gold Mining
Mammoth
7%
561
Sen
Mining Stocks—
Black
Jan
:'
23
Columbia
Alaska
Jan
2%
18'4
39% May
26 %
37
5%
Inc—5
4%
130
22%
3
30% May
28 %
25%
37%
2
Transcontinental &
7% May
1,110
8%
1814
Corporation
25% July
32% Aug
25%
Corp
%
117% 118%
Par
Transamerica
y
8%
0
common,.
preferred
Sep
21%
292
2,014
•
California
Jan
24
32 Va
-—*
-
4
23%
——25
Corp
1%
76
345
July
4% July
32'/a
•
.
1
Soutnern
Standard
Oil
38
8'%
23%
25
——25
preferred C—,
Sunray
a38
'
*
Ltd--—
Co
preferred class B
96
Apr
13
11%
Southern Calif Edison
85% July
Oct
Jan
Corporation———_——*
Co
Jan
Jun
20
39
Aircraft
67%
May
%
46% July
38%
•
163
6
225/a
Sep
11% July
20
75
'
10
40%
Philco
50
3,150
43%
*
534
Philadelphia Insulated Wire.———-*
44% July
4334
—
Jan
Aug
30 Va
a9%
■
6%
43%
—
Transit Investment Corp—
Preferred
350
a43%
——:
10
12
39%
Tonopah Mining
Sep
*
30
—*
class A
35
July
27% July
Jan
43%
.i,
Corp
Pennsylvania RR
Mar
30%
3%
—
Oil
Feb
3
10
.
Light--.
May
Jan
Jan
3%
Signal Oil & Gas Co
12%
260
40%
Pennroad
Westmoreland
Security Co
Mar
25
6
50
&
9
4%
23%
5%
•
Safeway Stores Inc
17%
25
1
.
60c
100
469
29
—1
Ryan Aeronautical Co
19% May
J «y
•
••
Sun
30 Ve
•
■£, J,':'.
i
Jan
•
Lehigh Coal & Navigation
National
'
5 %%
79%
"'5%'
*
;»
preferred—
May
35%
5%
1
common
7%
78%
5
Sep
11%
40
V"-V-
36c
41
y, w'
6
158%
24% Mar
Jan
35%
—*
common
6%
29
25
Lighting Corp
48c
6%
25
common
25
y: v
z'eyy
*
——*
Electric Storage Battery
General Motors—
Feb
40c
16% Aug
8
Oct
'
Oceanic Oil Co-j.
100
15% May
Jan
July
32c
'•
-1——'
Oct
7
35c
10%
■
5%
7
'
10c
Lincoln Petroleum Co—
127%
30
7%
':
•
High
11% Mar
444
15%
30
yyyy, y yiy
10
common
•«
Curtis Pub
15%
.50
Chrysler Corp
Oct
35c
35c
10c
1
Corp.-
"
-Jw
153
,
Oct
•
A
common
Low
15 %
156% 156%
13
preferred
'
Co
Philadelphia Electric Co
Hancock
156%
Range Since January 1
High
14%
May
Jan
440
1
Co
Aug
3%
■;
.:•) 440
common——10
Rubber
11%
al0%
Farmers & Merchants Nat'l Bank-—100
Fitzsimmons Stores class A.,—
50
61%
500
63 %
11%
4
A—
7%
63 %
a
Tel
Shares
Sep
Jan
1.35
100
9%
American
Oct
10c
174
51%
5%
Low
American Stores——.
30%
1.900
13%
51
■
of Prices
Par
4% May
Sales
for Week
Range
Sale Price
High
Feb
3% Jan
1
105
a79%
'•
1.80
8,600
13%
Broadway Department Store Inc com—*
Central Investment Corp
— 10u
Consolidated Steel Corp
1.30
^'1/,
v
1.80
1.80
1
Chica Oil common
100
1,070
45
2
'
Bolsa
5
Week's
Last
STOCKS—
iJanuary 1
Low
2%;
39c
i--50
pfd-—
Consolidated—1
Corp——
Friday
Shares
High
4%
'
•
inclusive, compiled from official sales lists
for Week
2%
—1
Oct. 16 to Oct. 22 both
Sales
♦of Prices
Sale Price
STOCKS—
Philadelphia Stock Exchange
compiled from official sales lists
Friday
Aircraft Accessories,
EXCHANGES
Angeles Stock Exchange
Oct. 16 to Oct. 22 both inclusive,
Monday, October 25, 1943
Scullin
V-B
Steel
Inc
Stix,
Baer &
Wagner
Fuller
Electric
14%"
1434
15
July
———_.*
12
12
.35
734
Jan
15
July
1
10
10
115
6%
Jan
12
100
6%
Feb
July
10% July
24%
Jan
34
85
Feb
95% July
5
common
common
Sterling Aluminum
;
common—..
common
common
9%
11
10
9%
15
33%
34
82
1941
89%
90
$3,000
8%
Oct
Jan
Jan
8"%
Jun
Mar
40%
Jun
BONDS—
Scullin
Steel
3s_
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4223
Yolume 158
CANADIAN
LISTED
MARKETS
Montreal Stock Exchange
Canadian
Oct. 16 to Oct. 22 both
Algoma
Steel
Ltd
Canada
pfd
88
105
101%
Telephone Co of
25
*
common
Canada
Bruck Silk Mills——
Building Products class A_,
:
Northern
Canada
103%
Jan
25% July
15
Jan
21
Sep
12% Mar
15%
Feb
Jan
158 %
Sep
Jan
28 %
Sep
20%
13%
55
141
194
26
1,812
14%
25
26
Feb
23%
29
Jan
11%
Belding-Corticelli 7%
3%
50
2
Jan
American
British
Columbia
40
5%
Jan
9
Steamship
Mar
17
Sep
13
90
8
Power
*
7Ye
9
Jan
8%
Jan
92
90
11 %■
11%
35
Can
Sep
295
12
Jan
July
38
common
—•
5%
25
Canadian Converters
6%
42
34
11
106
Jan
108
Jun
9
777
Jan
12
25%
350
26
950
25%
Oct
27%
27%
511
27%
Oct
31
37%
__
37%
175
27
Jan
39%
150
150
24
:i33;%
Feb
Oct
150
30
30
375
17 %
Jan
33
126
5
120%
Feb
126
325
3%
Jan
5,911
7%
Feb
*
5%
25
5%
10%
10 %
10%
41%
41%
42
325
29
&
...
29
29
490
37%
Jun
Jan
46
29
July
Co..—.—— ..a
25
22
Jan
33
Sep
36%
830
26
Jan
36%
Oct
Dominion
•
25%
25
25%
368
24 Va¬ Jan
13
13
Bridge
preferred
..
25
13
Dominion Stores Ltd
9
—
Enamel
&
common
Prod—
*
Foundation Co of Canada—1_.
100
7%
__
Gypsum, Lime & Alabastine
6%
Hamilton Bridge
Hollinger Gold Mines...
Smith
Howard
Preferred
Hudson
Paper
;
14%
common......_•
Oil Ltd
Tobacco
Imperial
Preferred
7
650
6V4'
Jun
16% July
14%
Sep
Jan
5
:
110
Aug
Jan
Jan
Jan
14%
260
12
7% Jun
Jan
130
98%
290
27
I6V4
2,757
11%
721
6%
6%
200
16% July
Feb
11%
12
107
Preferred
13 Vb
International
15
Paper common—
Preferred
Petroleum
Co Ltd
,
.
14%
50
11
Oct
*
;
,
25
J
Fire
(John A)—.
Lang & Sons Ltd
(C Wi
Lindsay
*
—*
::
Preferred
Placer Development
Power
Bros
Co
&
———
1
.
,
—
Quebec Power
—
Class
St
Flour
Lawrence
St.
Lawrence
Mills
common...."
Williams of Canada common.*
Sherwin
Preferred
;
Canada
Steel
of
Co.
Preferred
•
"
*
Canada
J-v
Viau
\
•
2
'
'
'
Wilsils
Winnipeg
Electric
_*
common
Preferred
Woods
*
100
Mfg preferred——————.100
—
—*
common
Jun
24%
60c
60c
110
25c
60c
July
17 %
17%
69
12%
Jan
20
July
12%
Jan
20% July
5%
8,577
35
340
18
18%
630
1.50
1.50
13
75%
75%
25
Company..—10
15
15
200
40
..100
40
40
25
*
14
14
25
1
•
25c
25c
400
16
458
16
*
1.00
13%
Jan
75% Oct
15% Aug
Apr
40
40
3%
Royal Bank
—100
Jan
14%
Oct
Jaa
75c
Jun
10
Jan
18
18
25
15%
Jan
7%
200
4%
Jan
9%
10
15 %
15%
22
15
Jun
16 Vb
Teleg & Tel 7Y> cum pfd—10
Massey-Harris Co Ltd 5Yo pfd
100
17%
17%
50
16%
Jan
17% Mar
20
20%
720
14%
Jan
22
100
98
Maritime
...
and Tel Co Ltd
Teleg
Maritime
McColl-Frontenac
Melchers
Oil
Distilleries
Noorduyn
Aviation
Nova Scotia
L &
6%
6 Ye
pfd
cum
Southern Canada Pow 6%
Stores
Ltd
6%
1st pfd.100
'.
—
preferred—
104%
Feb
7
July
Jan
7
May
50
106%
Apr
109
Sep
Jan
97
July
8
Aug
7%
%fV
5
87
35
26
5% Mar
102
of
footnotes
Canada
see
page
,
1667.
100
Oct
*
Oct
100
2%
Jan
10
Aug
60%
35
47%
Jan
63
Oct
21
—
105%
10
60 Va
60%
Jan
10
*
—
96
Jan
109
96
Oct
July
3%
105 Va 105 %
106
pfd.100
cum
common
cumulative
109
—
96
Jun
5%
60%
5
7%
100
Sep
July
300
6%
5
Walker-Gooderham & Worts common.*
$1
103% 104 %
*
Power Corp of Canada 6 Ye
Provincial Transport Co
Thrift
104%
cum pfd. 100
preferred..10
Ltd
Ltd
P
20
18%
20
21
10
19%
Jan
21% Aug
Mines—
Jun
19%
Feb
13 Vb
Oct
Feb
Central
Mines
Eldorado
Ltd————1
Ltd
Gold
Inspiration
Mines
Gold
Ltd
Mines
Min
Joliet-Quebec
73%
.
2%c
—1
Ltd
1.18
i
1.25
700
57c
2,000
1,000
4c
Aug
29% Aug
47c
3 %C
Feb
80c
57c
3%c
57c
Dev Co Ltd
&
Mines
2c
Jan
1.60 Aug
64c
Oct
6c-
Aug
8c
Aug
2%c Feb
July
Sep
Oct
'v: 10
July
9% July
::
19
Sep
27%
Jun
36
Sep
Jan
40%
Oct
62% Aug
110
14%
Oct
15
Sep
900
40
Jan
52
Kirkland
Lake
Ltd.—...——1
Rand
Gold
Shore
Lake
Red
Normetal
Gold
6c
1,000
3%c
Apr
14%
14%
10
11%
Feb
5.85
5.90
300
3.95
Jan
6.10
1
1.30
1.30
500
Jan
1.43
Sep
..*
2,23
2.24
600
1.50 May
2.24
Oct
:.*
1.08
1.12.
5,000
Mines
Ltd.
Canada
of
Corp
6c
1
—i*
Ltd
Mines
Corp Ltd—^
Mining
79c
78c
'
16%
Jan
Oct
Sep
1.16 Sep
1
1.02
Mines
Ltd—...1
5c
Dredging Ltd
Gold Mines Ltd
—1
O'Brien
Pato
355
22
Oct
2
160
Jan
23%
160
10
25
25 %
165
Perron
Ltd
Gold
Cadallic
Gold
Gold
Ltd.—
Mines
Mines
Cons
.....
7%
Feb
6
Jan
Jan
15%
11
Jan
16
625
365
25
7
16
1,340
16
465
125
20
11
Oil
Home
11%
Oct. 16 (0 Oct. 2'i both
14
Oct
51c
51c
2.400
38c-
Jan
1.45
16.100
68c
Jan
1.45
Oct
330
50
Jan
4.00
Apr
3.45
3.50
30
3.50
2.60
60c
July
STOCKS—
Feb
4
July
18% July
24
Feb
35
Sep
32%
Feb
47
July
14%
Oct
13V8 Mar
114
Feb
19%
Jun
16% July
127
Abitibi
Power
Range
&
Paper common—
Sep
5
Jan
1,000
6c
Jan
14c
Aldermac
Copper
Algoma Steel
—
Corp
common——
Preferred
Co.
Canada
Anglo Canadian Oil
Apr
——*
Aquarius Porcupine Gold Mines
*
Arjon
Gold Mines--—
:_1
17%
6%
,316
2%
Oct
Jan
19% Mar
8 Vb
Aunor
17,100
10Ve
10%
88
75
81
May
105 106%
632
104
Sep
115
100%
47c
3.00
20c
18c
——
—
——
22c
75c
6.50
50c
22c
70
75c
1,100
7.00
1,190
51c
24c
7,000
14,800
Jun
Jan
Jan
Feb
Oct
July
43c
43c
55c
53,200
35c
1
9%c
9%c
12c
59,000
2%c Jan
1
3.25
3.20
3.30
2,200
1.35 Jan
Gold
Quebec Mines
Gold Mines Ltd
;
July
56 Vb
56
56 Vb
228
21
Jan
63 Vb July
97
97
97
205
65
Feb
97
Oct
Bagamac
Bankfield
17%
17%
20
13
Jan
18
July
Bank
27
27
20
24
Jan
27
Aug
Base
of
of
1
Mines
Consolidated
Mines
Nova
Metals
*
Mining
Power
&
13c
—100
Scotia
Exploration
—
1
:.100
Montreal.
Paper
&
Class
Radium
A-—*
1
—
250
—
—
37%c
14c
12,600
12c
13c
7,600
156
156
5
247
250
35
13c 13%c
12
13
37c
38c
5,600
5
4,400
13c
41
129
Jan
144
Gold Mines
Ltd
156
156
73
147
Jan
160
Mar
class A
2nd preferred
Bell Telephone of Canada
142
142
102
132
Jap
150
Ausr
Bidgood Kir.kland
Aug
Beatty
1
Bros
Gold-—
-
*
100
——,100
—1
1.56
__
157%
32 %c
1.5.2
1.60
9,010
23%
113
156%.
32c
24
113
158
35c
85
16
194
31,900
1.60
13%c Jan
9c
Jan
8% Mar
88
—
7.00
Apr
lb
12,325
101 % 101%
76
17 %
1.50
15cl5%c
101%
72
17 V4
1.33
pfd._100
5Yo
Jan
Astoria
—
105
Jan
Anglo-Huronian Ltd
1.42
•
common
of
.
—:————100
-
Ltd
1
*
*
66%
17 %
High
4% July
Jan
3.475
59%
Sep
70c
9%c
117
Jun
206
30%
137
6 %
Low
■
9%c
Aluminum
58
2%
Range Since January 1
High
2%
29 Ve
Jun
Feb
•
Shares
29%
——100
preferred
11%
May
Low
2%
*
Sales
for Week
Acme Gas & Oil————————9%c
10% Mar
-
of Prices
33
6 Ye
150
3
4.00 July
Funds
Week's
Sale Price
Par
1.75 Jan
11%
2.66 Jan
inclusive, compiled from official sales lists
Friday
Jun
68 Vb
133% 133 %
Jan
9.55
1.40
Canadian
Sep
74 Va
6Va
Jun
Sep
1.04
July
6.50
Aug
3.20
*
Ltd
Co
68
5%
82c
Sep
6c
3.25
52c
*
19% July
3
V,
200
1.12
Jan
Oils—
10% Julv
9%
15
41
1,600
3c
2.15 Mar
Feb
335
150
31%
83c
9.55
62%c May
1.44
Last
15
1,500
3,000
82c
—1
Wright Hargreaves Mines Ltd—
1,150
6c
3.15
9.5?
9.55
1
1,00
Ltd—
1.06
5c
1
Sigma Mines (Quebec) Ltd—
Siseoe
1.02
3.15
Aug
845
7%
18
Mines
Gold
Cons
Aug
51 %
47
156
Apr
Jan
15c
7%
Beattie
Montreal
Oct
Apr
15
Jan
14%
10
26
70
100
1.50
Apr
65
8%c Jan
4c
150
227
May
Aug
Jan
8V2C Apr
12
Mai10c Jan
.
Commerce
Oct
26%
38
35
485
40
—
18%
pfd——100
cum
Mar
26 %
36%
40 %
58 Va
55
6%
60c
*
*
Bear
For
Jun
6%
Jan
*
Bathurst
Banks—
4%
Jan
19%
*
Sep
Jan
55
—25
Preferred
Jan
3%
610
*
6%
Power & Paper Co.—
Maple Leaf Milling Co Ltd.—
Bank
Zeliers
2%
400
Jan
366
5%
—...
310
4
24 %
4c
Jun
55
common
Ltd
3
37 b
24 %
6c
'■vrrV'
Cotton
Aug
May
4
*
Ltd..
Lake St John Power & Paper
Armistice
Wabasso
Oct
7 %
35
24%
74%
68
25
—
*•
Biscuit
*
common
...
.
Jan
Feb
9
^ 125
II
Power.—
3
3% Mar
14
•
A
——
Aluminium
Southern
25
Aug
15%
^
_...—...100
918
Apr
8
41
15%
•
6 V8
29%
5.00
Ltd
Ajax Oil & Gas Co
Shawinigan Water & Power
6
29%
1c
16
31%
--
6 %
2c
Jan
3
.
Paper preferred——.100
Aug
3 %
IOO
Jan
14%
__
30
Feb
•
500
'7
14
3
common———*
preferred—.:
50
A
Jan
1.55
11
1,000
14
.17%
14
•
AUg
24%
70
3c
40
7%
Lawrence Corp
St
■
common—17%
Ltd
16
430
2%c
200
23
Canada.—_♦
of
Corp
Price
Feb
29
3%
3%c
8
160
__
37
29
3%
3c
26 Va
50%
23
„—T00
16
29
3%
3%c
Jan
14%
•
common
...
6% July
1.30 July
Ltd—__1
19
40 %
50%
Jan
Jan
Ltd—— 1
350
58
*
Sep
3
65c
•
Madsen
34%
*
—
16
Apr
May
*
pfd..100
cum
Jan
Oct
—.—r—...
*
Ltd
7Ye
110
19%.
—
5%
6%
*
Jan
21
Ogilvie Flour Mills
200
98
20%
common
7.810
75c
*
*
.10
20%
New
5%
75c
Ltd.,
Lamaque Gold Mines Ltd...
Oct
Noranda Mines Ltd
5 %
Jun
Mines
23
Jan
34%
Oct
3%
12
Jun
6%
*
2% May
Apr
July
45c
July
18%
•
310
Feb
24
80
25
2%
2%
Feb
15
180
common..
15c
Feb
Feb
8%
Breweries
47%
Apr
Jun
7%
Jan
7c
8
Jan
18%
Preferred
••
Jan
39%
530
•
MacLaren
Sullivan
:
3%
110
12c
6
Jan
8 %
National Steel Car Corp_...„...
30
47%
15c
6
18%
National
6%
47
12c
47
...*
37
17
14 %
6%
6%
Oct
3 Vb May
10 Vb
275
63%
Light Heat & Power Cons—..*
Mont
Jan
Mines
15%
8%
......
Jan
2
Gold
39% Mar
18%
(Robert)
85c
v:" v' 25
Gold
Feb
100
Oil
McColl-Frontenac
Mitchell
975
6
Cadillac
8%
9
2.00
6
"A"—
Insurance
B
Pandora
Massey-Harris
1.85
1.85
pfd_*
Bouscadillac
8
'
55
233
225
14%
.
——*
common
Oct
Sep
65c
Sep
6
880
24%
Mar
171%
12
13 %
23%
.„*
common...
169
Feb
Jan
Inter-City Baking Company Ltd
International Utilities Corp A
Mining
Lake of the Woods
Jan
160
40c
73 V*
108
148
6
6
22%
108
20
12
13%
■
163
Cartier-Malartic
Jan
7% May
Feb
11%
Sep
162
171'% 171 %
12%
Jan
128
101
17% July
;
18% May
33
Jun
30c
22%
_
100
————
1,291
91
22% Aug
6
73 %
•
International Power common......—*
Preferred
%
'
100
international
5
33
14%
33%
21%
33 %
—25
13 VB
21%
*
common.
•
International Nickel of Canada com..*
2
Feb
17% Mar
53
J
A
Dome
International Bronze
101
101
*
Oct
3j2% Oct
Jan
10% Mar
6%
Jun
12% Aug
Jan
32%
8
101
*
A
Class
July
700
30c
trust
Ltd
■
July
30
22
25
....
Canada
Ltd
:
26
104
17% Mar
104
22
50
Ltd
of
Freiman
Halifax
275
104
55
Linoleum:.
&
Companies,
Voting
22
Sep
July
30c
Oct
8
16
...
7
Jan
4%
107
July
Jan
4%
8.90
16
—„.£1
.....
8
94
80
Mar
8% July
Feb
460
32
' 11%
5
common
14%
110
155
Jan
3
330
7%
9% July
81
Feb
1,050
107
•
Can
5%
12
32
of
Motor
10% July
July
11%
107
.100
——
285
151
14 %
—
__5
Bay Mining
Imperial
6
5
175
12%
.
Jan
Oct
465
110
109
109
*
July
Mar
15%
12%
•
common...
common
5%
Oct
11
6
■'
Jun
159
Jan
75
5 VB
15%
16 %
Jan
Feb
8%
145
8
5
5
il %
152
104
155
8
_*
Preferred
(Charles)
155
...
8
Keating
8%
75
75
100
100
9%
8%
8%
.1,477
9
9%
...
General Steel Wares
Gurd
8%
—*
.......
75
30
157% 159
*
:
Dominion Tar & Chemical common..„•
Textile
'
159
—25
B
•:
31% July
21%
Oct
8
22 %
50c
Corp
Ltd
Freiman
——100
preferred
Coal
.
Jan
————*
Corp
Paper Co
Dairies
Fraser
Feb
55
Foreign Power Sec Corp Ltd..
.
32%
&i
Paper
Aircraft
Ford
July
27 % Mar
f
Fleet
5%
17%
July
50c
Pairchild Aircraft Limited
5%
163
490
preferred....2.50
Corp Ltd
Square
Donnacona
12% May
8
23%
4
11% July
120%
Ltd—*
Ltd
Sep
common..
Oct
8
»
common
"A"
Sec
<fe Frere Limitee
Eastern
Jan
,.—5.00
Div
David
Feb
9%
21%
21%
1
Adv
2%
120 %
V
July
32% July
pfd—100
Trust
cum
Ltd
Div Sec
Dominion
May
126
33%
Steel
Alcohols
Dominion Oilcloth
Sep
32%
Glass
B
4 Vb
Jan
21%
•
Company
General
Consolidated
Sep
W
Westinghouse Co, Ltd
Neon
15
High
Jan
5'%
25
585
65c
21%
*
class
5%
3
11 Vb
pfd..—.100
Inv
Trust
Marconi
Cub Aircraft
July
36%
Dryden Paper
Inv
July
7%
3
100
Consolidated
Feb
*
Dominion
Ltd
Consolidated
Sep
Feb
Distillers Seagrams common
Dominion
7%
International
Commercial
Oct
Jan
32
100
Canadian Pacific Railway
Consolidated Mining & Smelting..
Seal
Jan
27%
20
127
....100
.....
Canadian Cottons preferred..'
Alcohol
1.45
2,585
-
27%
26
_
Preferred
Industries
Inter
Claude
May
107
8%
8%
.25
——.
32%
/ 107
•
Preferred
Preferred—
41%
32%
—100
Foundry common
5%
41%
5%
„I
»
common:
Canadian Celanese common—.——
■
Preferred 7Yc
.100
Coal
Pr
975
1,091
11
pfd. 100
cum
Sugar Co
Preferred
———
Dominion
Packers Ltd
Low
2%
30%
120% 120 %
»
preferred
Canadian
14 % May
31"%' Jan
Ltd
Range Since January 1
High
2%
100
Canadian Power & Paper Inv 5%
Canadian Vickers Ltd common
106% Aug
Apr
9
745
35
•
&
52
Co
Dominion
Northern
Candn
'
Breweries
Glass
4%
35
105%
9
9
11%
50
Preferred
Canadian Car &
8%
105
—
•
common
...
Canadian Bronze
Dominion
&
Canadian
Jun
17
Oil
Calgary Power Co Ltd 6%
Canada
5% May
8%
pfd
cum
Shares
29%
Brewers & Dist of Vancouver Ltd—5.00
July
8%
'
17
,_100
preferred
Cork
Feb
21%
3%
_;Z
common.
Canada
Crown
100%
470
26
__
*
—.
Consumers
728
Canadian
Cement
Preferred
Intl
May
1,620
25
25%
•
Canadian
133
156 % 1.57
156'/a
> 25%^
v
*
New
Sep
29%
Canada
■
Preferred
104
L010
Bathurst Pwr & Paper Co Ltd V'B"___*
Beauharnois Power Corp Ltd—
*
Sep
285
13%
100
•
Canadian
275
88
July
British
British Columbia Power Class A
■Class B'
5%
11
90
20%
20%
•
Brazilian Traction Lt & Pwr^*_i-w„_i*
Canada
Feb
Jan
106%
24%
8%
of Prices
Par
Abltibl Power & Paper common
i
*
6% preferred
————100
Sales
for Week
Range
Sale Price
High
82
555
101% 102
•
Breweries
Bathurst Power & Paper class A
Bell
88
105
50
Corp
Low
10%
10%
•
common
Co of
Asbestos
iq%
Week's
Last
■'
STOCKS—
Range Since January 1
'>
inclusive, compiled from official sales lists
Friday
Sales
Shares
High
100
Aluminium
Aluminum
Low
•
common
Oct. 16 to Oct. 22 both
for Week
Range
of Prices
Par
Preferred
Associated
Last
Sale Price
'
Canadian Funds
Week's
Friday
%i
Y
Montreal Curb Market
Funds
inclusive, compiled from official sales lists
■■
STOCKS—
*
1665
70c
15
110
140%
9%c
Apr.
Feb
Jan
Jan
Jan
21c
Julv
Feb
July
Aug
11
.
July
90
Aug
135 % Mar
102%
Feb
84%c Jun
7.00
68C
33c
60c
Oct
July
July
Oct
14c
Sep
3.50
Sep
19 %c July
15c
July
161
Jun
259
Mar
17%c July
15
July
49 %c
Jun
1.87
Sep
24
Oct
113% Aug
160
63c
Sep
Aug
THE COMMERCIAL & FINANCIAL CHRONICLE
1666
Friday
STOCKS—
Bobjo Mines Ltd—
Gold
Bralorne
Distillers
&
—
X
;
Columbia
British
Class
Oil
Building
Bunker
Huron &
8c
Jan
12c
24c
Aug
2,000
11
1,025
7.40
Jan
11%
Sep
10
23%
Jan
25
Oct
10%
23%
Jun
:
8
8
370
5Va
Feb
8
Oct
International Metal
22%
1,000
17%
Jan
22 %
Jun
23
130
17%
Apr
26
July
29
July
22
22
14%
830
28 %
Jan
25%
26
20
23 V2
Feb
3%
3%
480
2%
Jan
67c
63c
70c
59,525
51/8 May
75c
19%c Jan-
Oct
1
65c
67c
16,325
Mar
73 V2C
8c
8c
8c
2,100
4%c
Jan
13c
*
3.15
3.15
3.35
500
1.60
Jan
4.00
*
7 %C
7%c
-
—.*
8C
46c
Steel
Co
13
Mar
16%
17
.90
;
2%c
2 %C
1,000
l%c
Jan
10
10
50
9%
Feb
Xvi
.
•'
common—
17
July
'«>
''
'
Sep
Canada
Bread
Class
B
Ltd
25c
15,345
2,750
21c
Jan
35c
7
1.15
6%C
1,500
5c
Sep
X' 7
33
3
Malting Co—
Canada
Northern
Packers
Permunent
——_.—i——1
of
—
Breweries
1*
Canadian Car & F'dry Co Ltd com
preferred
common
Preferred
Dredge
Food
Canadian
Industrial
Canadian
Locomotive
Canadian
Malartic
Canadian
Oil Co
Gold
Mines.
38
Jan
92
30
66
Jan
23
129
Jan
5%
1,250
42 %
275
1,35
28
6%
30
8%
9% July
Jan
Jan
24%
10%
Jan
14
20 Vz
20%
30
Jan
19
22
61
465
Jan
38
3%
r,
Jan
10
Jan
135
5
112
Jan
10%
10%
7,519
1
*
36c
Mar
7%
Feb
Jun
Porcupine Mines—.
1
1.56
lO'/aC
IOVbC 10 %c
Chateau Gai Wines Ltd---———0
Research
500
5
5
25c
1,700
59
1.23
1.01
1.27
68,461
Chromium Mining & Smelting
Cochenour Willans Gold Mines.——1
2.25
2.25
2.25
100
Jan
1.00
6%c July
75
24c
^-X-l
:
Chesterville Larder Lake Gold Mines—1
Co.-
Ltd
Mines
Consolidated
Mining
McVittie
500
16c
Mar
800
20c
Jan
80c
Mar
1.40
1.45
1.018
15%
Canada-—-*
15'/a
41%
—50
—...——
Petroleum
40
15 %
200
42
860
136
90
123
Jan
37 %
37%
60
33
Jan
4%
4%
40
8
16c
2,500
*
36
33%
36%
*
Corp—Seagrams common
Mines
26'A
26%
v;. 27
33
33
80
80
Dominion Anglo common-——*
Preferred
100
Dominion
Bank
Dominion
Foundries & Steel
Dominion
Scottish
Dominion
Steel
Dominion
88
40
15c
•
Stores-—
285
>
740
:
m
:
135
Preferred
Oct
—_—2»
8%
9
1,936
*
9%
9%
12% July
Moneta
68
Montreal
Oct
Light
National Breweries
National
Grocers
July
13%
Oct
Jun
Petroleum
•
1
Mines
1
Equitable Life Insurance-.-—
B
Trust
General
Gillies
Steel
Lake
Lake
God's
Goldale
Gold
Mines
Eagle
Golden
Preferred
Great
Grull
Oct
O'Brien
Gold
Okalta
Oils
5
36 %
Oct
29% Aug
Gold
Gunnar
Gypsum
Oils
Peoples
5%
Jan
10 %
10
July
8
July
Hallnor
Harding
Hard
For
5.150
July
Sep
1.64 Aug
21
2%c Jan
7%C Aug
19%
Jan
24%
24%
24%
200
21
Jun
24%
Oct
St
15 Va
15%
15%
100
St.
30C
30c
33c
2.800
10
30
Sep
Jan
16%
Sep
18c
May
39 %c
8
Mar
310
2,500
3c
4,000
lc
•
16c
16c
3c
1
11 %c
17c
11,016
16C 16 %c
..1
3,200
3c
3c
200
10 %c 12 %c
20,200
1.038
*40
Jan
1.00
52% Aug
1.16
Sep
1.07
12,000
61c
Mar
66c
66c
600
38c
Jan
78c
Oct
40c
46c
28,486
Jan
64c
Sep
4%c
9.500
8%
4%c
4c
1-01%
101 Vz
102
75
120
1.15
1.20
7,625
5c
5c
6c
4,500
29c
9c
Jan
103
Feb
Aug
3c
Jun
6%C
4% Jan
2c May
10
Oct
4%c
Feb
39c
Aug
210
3%c
28c
28 %c
10
3c
—
Sep
Jan
2,000
10
—
3%
88 Ve
-"57c
7,500
•v
1.28
17 %c May
4 % Aug
Sep
Sep
4%
150
57b
Aug
83c
81c
84c
14,500
Jun
1.05
Jan
1.84
1.76
1.85
4,090
1.28 May
2.10
Sep
1
2.30
2.30
2.35
6,550
1.25
Jan
2.85
1
C
1.20
1.15
1.24
13,505
52c
Apr
1.27 Sep
1.15
1.05
1.15
1,400
50c
Jan
1.24
50c
Jan
4
Jan
■■
1
-
1.01
1.00
—
Mines—il
2.23
1.05
74c
•
6,200
7%
175
2.28
11,213
50c
—
7%
2.20
52c
4.100
31c
4c
500
2c
1.15
Jan
4c
_l
1
100
May
237/b
23%
1.72
140
143
74
23
22
30
141
,
Jan
12%c
Jan
10c
Apr
2c
July
3c
14 Va
9c
4 %c
Sep
July
Jun
St
9
Jan
2.50
59c
9%c
Jan
25
132% May
21 Va Jan
Sep
Sep
Sep
July
Sep
Sep
205
Apr
July
3 50%
152
Aug
26% July
19c
Sep
Sheep Creek Gold Mines
51%
Jan
58
2%c
1,000
2c
Jun
3%c Aug
148
6%
6%
10
*
3
3%
Aug
July
July
6% July
48c
Oct
Siscoe
6%
Oct
Sladen
3c
3c
2,500
2 Ve c
Jan
7%c Mar
15c
15c
1,000
ll%c
Jan
24c
7
365
5
Jan
21c
19 %C
21c
25,080
3c
Apr
22c
3%C
4c
16,000
3%c
Sep
7%c Jun
3.65
3.65
100
6 Va
6%
305
_»
1
.1
.'
—
Sep
*
8%
8%
8%
339
8
Mar
9
Jun
20
20
70
10
Feb
20
Oct
—
—
—
100
Gold
Mines
Malartic
South
End
South
West
3.75
11%
Oct
Sep
8
Jun
27c
32
Petroleum
39c
1
44c
44c 49 'Ac
3,385
29c
Jan
5c
:
Co—
Standard
Stedman
Steel
Petroleum.
Chemical
Paving
*
Co
i;>
Co of
Canada
common
25
40c
Sep
Sullivan
17c
Feb
Sylvanite Gold Mines. Ltd—
GOc
.
Sep
Oct
Oct
July
6OV2C Sep
8c
Jun
20c
19
2V2
Jun
35c
July
10
500
20
435
'
Jan
19% Aug
3
July
1.10
Jan
'
Cons
—..1
Mines.—
Jan
22
68
140
59%
Ja.n
73
Apr
75
179
66
Jan
76 Va
Apr
2,40
2.49
15,330
16c
16c
2,000
2.25
311
.1.41
1.46
25,700
2.10
2.15
3,510
13 Vz
13%
280
2.90
3.25
5,335
109% 109 Va
5
2.40
•
.;— •...
1
1.43
1
——
17
—.73
2,25,.'
—
10
22
68 V2
2.10
,
,
;
2,25
v
1.51
10c
1.46
65c
1.38
Jan
Jan
Sep
2,65
21c
Oct
Oct
Sep
2.40 Sep
Jan
1.47
Jan
2.25 Aug
Oct
16% July
1,820
8.50
Jan
12%
3.75
2,375
2.65
Jan
4.10 July
1,500
3c
Apr
27c
6,200
Jan
19
2%
1:—...:
Preferred
Jun
12 VR
26%
*25c
*
Sudbury Basin Mines
17%c Jan
3%c Jan
8,500
5%c'
...X'..22
—
.*
:
Aug
4%C
560
5c
25c
—
—
common
Bros
Apr
3.55
32%
13%
104
Mar
2,500
32
Jan
——*
Mines
9.50
Jan
6.675
Steep Rock Iron Mines—^_2—_—*
26 %C
3%
86%
50c
Sturgeon River Gold Mines..—
11 %
5
205
50c
Oct
4 %c
3.60
I "l
12
102 103%
—
1.04 July
Jan
50c
Oct
Jan
.
5.75
—1
6c
Mar
Jan
10
4%
14
67c
1.05 Mar
Oct
1.10
10c
Sep
9
May
17c
85c
4
Mar
45
1,000
300
2c
500
95c
"11,749
3
1,500
Feb
95c
9
40c
35c
Jun
4c
90c
120
16c
Sep
19%
May
9.30
65,025
15%
62 %c
2c
9
4c
35c
Mar
16% Mar
1,000
85c
4%
15%
18c
60
3c
9.30
1.10
15 Vac
it
Sep
Jun
9
94q
4c
Oct
4.00
9%c
16
90c
1
4%
1.02
44
Jan
Aug
7% Jun
3%C
Jan
16,500
Apr
1.86
2VeC Jan
3c
_
4%
52c
3% July
18% July
15%
"B"
7
2.50 Jan
1,200
48c
Feb
Jan
Mar
39
3.087
5c
Aug
12
40
3.55
5c
1%
6c
*
Mines
Preferred
July
6%
15C
43%
3.45
95c
common.
...
Simpsons "A"
July
.1
-1
43%
—'
3.50
.50c
—r
Preferred
23
..1
;Il
150
Jan
Jan
12
Gold
Silverwoods Dairies
Feb
Jan..
25
15
2c
29%c Mar
20
7
2%
...
,
55
6%
2%
—15
*
Shawinigan Water & Power..—'
Shawkey Gold Mining
1
/ 3c
Sherritt-Gordon
May
2,500
common—.
Sigma Mines
3
3%c
Mining——1Senator Rouyn, Ltd
—-1
15c
14%
3%c
River Gold
4%c Aug
24
10
Paper Mills Co pfd——100
Antonio Gold Mines Ltd—
1
95
380
100
195
Lawrence
Jan
5%
23%
50
Jan
21%
22%
'V195
1
—
Lawrenae Corp Ltd
62
5%
1
Feb
May '
11 % July
♦
100
——
Class A
Standard
Sep
1.01
4%
Anthony Gold Mines.
25
203/4
__*
1667.
Sep
1.95
1.
L
2:,»c
.__1
page
Sep
67c
Apr
66c
Mills———a.-—*
55
.1
,
see
Silk
87%
•
Smelting.™
1.05
1.02
1
87
50
Alabastine..
Bay Mining &
1G7
40%c
1
Mining Co
Dome
Preferred
Sep
14%
3c
Mines
51 %
62% Aug
Jan
Feb
Oct
Mar
8
Gas—I
560
—
Mines
Queenston Gold Mines——.
1.040
12%
•
1.60
1
Reno Gold Mines—
2,110
5%C
Paper Co
1,60
Jan
35c
Sep
Apr
9.300
Oil
footnotes
1.29
5c
—
Homestead Oil &
Hudson
1.15
8
30
-1
Dauch
Howey Gold
1.82
Jan
5c
Hollinger Consolidated Gold Mines.. —5
Home
21 %c
Feb
3%
2%c
Mines
38
1.60
_-r—^1
Mines
Metals
24%
._1
Gold
Oct
125
6.000
——
East
4%C
Highwood-Scarcee Oils Ltd
Hinde &
Jan
1.09
10
12%
Carpets
Hasaga Mines
4%c
6,100
1
Gold
Oct
22 '
5
53c
*
GoldX
Pressed
24%
Bridge Co Ltd
Rock
Harker
21,300
7%
Gold
Mines of B
Premier Gold
——"
Mines
Hamilton
14% July
1.53
Mines—1
...
11c
Jan
12
123
'■
165
51c
•
-
Gold.—.
Securities
Rouyn
Voting trust
San
:•».
Ltd
Mines—
Powell
Jun
Sand
Halcrow Swayze Mines—^
58%
165
—
—-1 Bol
Gold
225
Sep
Halliwell Gold Mines
58
371
•
—•
Mines
Co
Pioneer Gold
Aug
—
Apr
Oct
1
Ltd
Gold
Pickle-Crow
100
Ltd
6c
29
*
Malartic
11% July
*
&
58
22
53c
1
—
—„—__
Tubes
Credit
Perron
101
Mines
Lime
21
....
i—*
Mines
Pantepec Oil
Jan
common.
1,000
Jan
38% July
May
Mines
11c
—
100
Ltd
Omega Gold Mines
77
Saddlery
lie
Oct
25%
Sep
Oct
July
%
•
West
240
1.13
15%
46 Va
136
85
Wihksne Gold
29
97s July
Oct
5
t C—
29
__
Jan
Sep
12
v
900
1.10
4%c
0
c
9%
Sep
24
——...1
t
9
—
1.74
9
Paper cotn
v
Sep
40
2.00
Riverside
Common
—
j.-
Royal Bank of Canada
Royalite Oil
—
Jun
49%
Sep
Apr
98
Bousquet Gold Mines—
Great Lakes
27
Jan
39
251
Oct
Goodyear Tire & Rubber of Can com__*
Graham
Oct
44%
80
1.65
Jun
—
20
496
40
1.50
90
Preferred
645
48%
40
1.50
common
4.80
...
21
48Va
North Star Oil
10
i
20%
Sep
9
Mining
21
1.45
90
Mines
Gate
May
Apr
Jan
,
Oct
Apr
40c
May
98
Ltd
Jan
74c
100
Mines
28c,
20c
24%
Gold
8.700
Sen
53,330
Jan
Mines
34c
2.25
28,040
4%
"
Wares
33c
9% July
Jan
1.13
*
Porcupine.
Gold
3
80
Feb
4
1.22
1.10
3.10
*
preferred
Sep
Aug
53c
——————100
preferred
8c
24c
1.02
20
common—.:
Apr
Jan
5
300
Mines
5c
lie
•
10
—
700
4,000
Oct
50%
1.47
28%
7%c
17c 17%c
1
4.20
29%
7%c
1.46
Mar
_™b*
,-
10
1
Jan
65
Mines
8% Mar
80c
83c
43
—
4.10
A
—
Co
1.22
50,665
_*
Co
c
———1
class
—
10c HVaC
Sep
1.46
74%
Noranda Mines
*
Mining
of Canada
C
1.53
Oct
58
1.27
74
Corp.—_25c
.25
Falconbridge Nickel Mines
Fanny Farmer Candy Shops
Kirkland
10%
—
104
Feb
50%
7%
—
Jan
47
Oct
20
National Steel Car——
Preston
Co
Jan
6
92 Vz
Normetal Mining Corp Ltd—
-•
1.10
Northern Canada Mines—1.00
Oct
Oct
Jan
150
125
560
Oct
July
July
Jan
8%
July
July
9% July
%c
26c
27
30
8%
10
22
3
common——*
National
33
2%
Jan
Jan
5
National Sewer Pipe Co——
Jan
50
Mines
Ltd
Aug
Jun
450
Oct
6c
5%
14%
48%
Aug
20%
12
Mar
Jun
Jun
May
22
5 %
2^0
675
890
—
*
5
14c
Cadillac
12
4,316
8%
2014
150
Power,
47c
Pandora
—————20
Machine
&
Co
Porcupine
Jan
5%c
9%
17
20,105
1
Pamour
6%
Jan
56 Va
preferred——25
Preferred
Sep
Page-Hersey
10
10 %
103 103%'
2.23
common
Aug
8%
Oil
Heat
Moore Corp
Sep
Aug
5
150
1
Jan
24
July
8%
Jan
15%
Sep
3%c Aug
Jan
3
Porcupine
24c
com__*
%c
4%
.100
-
42
142%
500
275
3.75
7
167
20
1.45 July
Apr
2.25
Jun
10
985
31
Jan
1.65
7%
8%
—
Paymaster Cons Mines Ltd——1
161
70c
3
Oct
25%
Sep
5
1.51 Mar
11,621
10,825
7
80
25
2.40
1.416
1.38
3.30
2.17
Jan
31
2.12
—
75
161
July
7%c
-
-
75
161
4.00
1.44
-1
Partanen
25 y»
Jan
2.30
56J/4
—
—*
Mills
Jan
Jan
8%
1
Mines—.—-
Feb
Jan
Mines
Mines—
10c
18%
3,090
20
103%
Oct
*
Chemical common—*
Gold
25
25%
Oct
3.75
5c
5
33
50
Dominion Woollens & Worsteds
Lake
Pacalta
1.50 Mar
22%
8%
—
—
Jan
100
class B_
Jan
Jan
24%
Apr
15
20
26
pfd
Investors
9%
37%
Feb
18
7%
v
»•
50
com
———_——~
Jan
41%
•
4%
—
85c
134%
135
Coal_———---—100
Pass
common——
Jan '
19%
475
1.30
15%'.'
20
Graham
McWatters
Nipissing
23c
400
Red
1.93
Jan
9%
370
22
3.15
.
7%
1
'
Negus Mines
75c
23 %
/,
1 %c : 1 %c
*
Oct
2.06
1.38'
3.20
—*
—
common.
—
2.65 Aug
970
1.25
—100
Mines Ltd.
common-—
Porcupine Mines
2.14
23c
Smelting——5
&
Eastern
Feb
3.55
2.08
1
.1
—
Oct
59.975
—"
of
1
Mines-
Maralgo Mines
Jan
2.00
1.93
1.25
—
Gold
Fields
*
65c
12%
.——_5
Consumers Gas (Toronto)
Glenora
Oct
22
Preferred
.
Jan
27 %c 2 7 Ac
Ltd-——"--*
Mines
Bakeries
5%
22 %
Mercury
2% Mar
1.59
—*
•
Petroleum
Consolidated
5% '/o
23
22
3.55
Milling
10%c
12%
1.85
—*
.
&
Leaf
National
Gold
•
Mining Corp pf Canada———*
Montreal; Knit
—100
1.75
Power
Jan
Aug
Jan
Gatineau
1.00
68c
23% July
5,700
Francoeur
Jun
Jun
1.68
Co.
67c
26
1.68
Foundation
2,655
Oct
5%
1.35 July
Class
79c
July
15
30
38
5%
Jan
Co
78c
17%
54c
Ford
78c
—•
McKenzie
2,000
Federal
Sep
Oct
Feb
1.16
Gold
1.27
151
133
1.16
Eldorado
Jan
20
38
——.
Malartic
60 %c
151
Patricia
Washing
5,668
McColl Frontenac Oil common—
_•
Preferred
—-^—100
Central
Crest
1.17
Mclntyre
1.47
Eastern
Oct
> 1.12
1.12"
1
Oct
135
1
Lake
Gold
Manitoba
Maple
Sep
10%
38 Vz
5'/a
10%
4c
13%
17 Va
59c
—
Sep
9%c
11% July
27% Aug
Jan
East
4c
Oct
Aug
Easy
6.10 Sep
Jan
7% Mar
17%
Preferred
Jan
27%
95c
Dominion Tar &
3.65
25%
10
Dome
800
70
800
Distillers
5-95
45
■%>,: ^ i- 45
Preferred
5.75
300
67
Davies
16%
9
1.38
Nest
Jan
25%
Jan
Mines
Red
Malartic
Preferred
18%
Corp
10%
38%
15
Gold
Madsen
Massey-narris
66
Crow's
665
Mines, Ltd
Oct
1.35
Dairy
15%
—_•
Class B
July
18%
Coniauruin
15
38
115
A
Oct
1.38
Coniagas
15
Mar
91c
1.40 Aug
July
19
1,400
25
Aug
6V2
42
165
20
;
Sep
Sep
230
'
60c
Ry—
93
142 %
Jan
Jan
Mav
6%
18%
Commonwealth
May
MacLeod-CocKshutt Gold Mines
Jan
2%
■
—Y*
Commoil
40c
Oct
Jun
14%
31%
15
115
Quartz Mng. ————1
Castle-Trethewey Mines
—1
Plow
13,900
Jan
Macassa
59c
Wire & Cable Class
Cockshutt
91c
Jun
Jun
Gold
Chemical
75c
9%
150
18%
B
Central
84c
10%
Sep
Cariboo
Class
40c
_1
Oct
100
Pacific
Canadian
10% Sep
1.51
*
4,75
3%c
Oct
common—.—*
Ltd
Preferred
Canadian
Jan
.
60
July
8%
•
3,115
Jan
25 V2
——
9.40
380
98
5 Va
Co
8.90
__
1,700
12
23
A
Sep
10%
Jan
38
Alcohol
26c
13%
Feb
12%
Products--—.
Jan
5%c
Feb
8%
Dock——0
&
Canadian
13c
10%
6%
12%
-100
6,650
13%
79%
5%
38
Feb
23c
10%
36%
41 >4
8%
10 c
13%
75
22%
9
Oct
3
115
23
•
—
5c
25
98
92
————--25
Celanese
6,100
Jan
Candv
9%
8 %
20
5c
55c
preferred
44
35
July
5c
.
20c
Mines—
106
5%
Apr
22c
,
1
Gold
Jan
133'/a 134%
%
24
*
Cadillac
92
5%
5?a
Jan
1,400
Lamaque Gold Mines
95
35
42
17
3,920
Lapa
97
92
9,100
81c
Oct
45
12%
preferred—.
preferred
Canadian
Mines, Ltd
9
•
common—
1st
■
Lake Shore
42 Va
100
—
22%
8.90
i—
44
Jan
Jun
22%
34c
July
Commerce—100
Aug
39%
—1—1
Ltd..
105% 105%
bJ/i
100
116
Jan
34c
Leitch Gold Mines. Ltd
Little Long Lac Gold Mines LtdLoblaw Groceterias class A
;——50
Jan
79%c
Sep
———*
90
80c
9
8%
common
July
112% Jan
5:15
July
33
1
Jan
124
Apr
17
100
.1
235
60
7%
Jan
Jan
3,049
23c
Co.—
8%
4%
Jun
10%
90,
33%
!_i
.
8
Canadian Canners Ltd common——*
New
Kerr-Addison Gold Mines
Kirk Hudson Bay Mines—
Kirkland Lake Gold Mining
Legare
69
Canadian
Oct
Jun
7%
Feb
12%
33
l
Laura Secord
145
Bakeries
vX
115% 115%
Mar
6%
65
Sep*
17 Va July
Jan
10
July
33Va
—1
-
Oct
Preferred
Conv
Mining Co
Mines
Sep
11%
Canadian
Waite
Jason
58
145
Bank
Jack
185
11%
535
98
Jan
300
.
98%
98
70
22%
110
11 Va
Preferred
Petroleum
Jun
100
Canadian
International
7
16
98
98
*
common
May
Steamship Lines common-:—*
Preferred
7
15%
.
115%
Nickel
40
*
Mortgage
7
16
--
preferred ——————-—100
International
102
97
935
International Milling preferred——100
10
—
4.674
12
•
68
Corp
16%
£1
58
——_*
Power
——
16
11%
16% Mar
Jan
157
18'
16
100
1,
58
105%
180
11%
A
common
•
100
178
7%
High
Jan
55
5
•
50
Canada
Canadian
2.60
Feb
109% 109%
...100
—
Preferred
Canada
Jan
180
45
XX
8%c May
6c
*
common
Canada
5%
2.38
25c 26 %c
2.08
1
—
——
Canada Cement
Canada
2.16
common
A
Class
»
—'——'
Co
"A"
69
Low
15 %
69
5
—
Lake Dufault Mines
_1
—.
Mines
Bird
Camp
11% July
V
Calgary & Edmonton Corp Ltd
Calmont Oils Ltd
—•
15
69
Sep
Aug
4c
:
Preferred
Preferred
Range Since January 1
High
15%
;
100
Shares
Sep
Feb
9%c
3%c Jan
5,000
„;'7.
Mines—
Extension
65c
'
Burlington
Imperial Bank of Canada
Imperial Oil.
Imperial Tobacco ordinary
25%
25%
Gold Mines——
Mtge Corp———-100
21%
r':,"'h'£X
Mines—
Erie
*
.
22
26
Low
Mar
8%c Jan
3,650
•
Products Ltd——-.
Hill
Oct
£•
Mines, Ltd
Gold
Canadian
Buffalo
41%
class A
25%
Corp
Ankerite
Buffalo
A—__—*
Oil—
Broulan Porcupine
Brown
class
Power
Jan
17c
23%
—*
X——
B
Dominion
British
29%
■
_•
Columbia Packers Ltd
British
Hunts Ltd
9%c
'j.5
Oil
American
British
Oct
9c
,■
11
preferred ———25
Traction Light & Pwr com—*
Brazilian
Brewers
*
—
8%
45
41%
of Prices
Par
Feb
17C
■:„
;—1
.—
Ltd
Cordage
41%
High
4%
for Week
Range
Sale Price
30
Sales
Week's
Last
Range Since January 1
Low
8
.Friday
STOCKS—-
%'■
Shares
High
8
,
Y;
——i
Mines
Mines,
Brantford
■
—
-50
Preferred
Sonetal
Low
common——'
Corp Ltd
>
for Week
Range
of Prices
Par
Ribbon
Blue
Sales
Week's
Last
Lale Price
Monday, October 25, 1943
Sep
6c
July
31c
Sep
32 Vz Mar
Tamblyn
Ltd
13%
common
3.00
Teck-Hughes Gold Mines
Tip Top Tailors preferred—
Toronto
Elevators common
Toronto General Trusts
—...100
10%
1.85
100
Jan
Jan
14
3.45
Mar
110
Sep
Sep
Sep
—.—.*
30%
31
80
23%
Jan
31
Oct
100
84
85
15
68
Jan
85
Oct
Volume
Number
158
THE COMMERCIAL & FINANCIAL
4223
Last
Shares
Range Since January 1
Par
Toronto
Low
50
88
88
59c
61c
9,100
6%
6%
900
6
22 %
Mortgage Co
22 %
10
20
Transcontinental Resources
Union Gas
United
class "A"
;°AM1——!„-50
Invest
B
United
59c
67/»
i
High
12 %:
Fuel
Class
•
»
of Canuda____
Co
United Corp
Class "B"
12%
33%
/v-i22
331/2
90
Sep
Apr
74c
Jun
Jan
9
Aug
35c
26
16
July
July
July
37
Feb
7% Jan
,720
.
32 %
25
Jan
5
10
5%c Jan
10c
■
Upper Canada Mines Ltd
4%
4»/2
4%
10
l
l
1.60;
1.60
1.64
1,350
24 %c
33c
163,400
5.25
5.35
1,929
8%
9%
100
1
1.85
1.85
1.85
250
Paper Corp
*
Consolidated Press "A"!—-.——"
54/8
5%
——
Consolidated
1.85
Sep
7.25
Sep
Corrugated Paper Box
preferred—_ 100
Sep
Dalhousie Oil Co Ltd..;
—*
Wane-Amulet
■
*
5.23
com——*
60 "4
59 Vi
62
1,513
47.
Jan
63
_•
20%
20 Va
20%
1,625
19
Jan
..
'
/
5% %■,
5%
5V4..
•
Apr
8%
6 Va
Jan
9%
85c
Jan
3% May
3
Jan
6%
July
3
Mar
6
July
70
Jan
91
Apr
Jun
2,771
>
5
:%/ %
High
6%
Oct
Oct
21% Aug
79
Loio
8%
9%
Apr
6.75
Range Since January 1
High
9%
Vinegars Ltd
Jan
4:40
Low
—
6
Ventures, LtdA——__j*———
•
Vermilata Oils - A. j_—1
Shares
?
—_
Jan
93c
1,970
"
■
of Prices
15
Canada
Jun
Par
Sales
for Week
Range
,
Sale Price
Yy;: ,''r
Canadian Marconi
4jVa Jan
6.75
6.60
Last
STOCKS—
Bruck Silk Mills
'
United Steel
Funds
Week's
Friday
5% July
3% Jan
1,000
5
5
*
Canadian
Oct, 16 to Oct. 22 both inclusive, compiled from official sales lists
Jan
68
Exchange-Curb Section
High
f Low
7%c ;7%C
_25
Oils'—
■
....
Toronto Stock
for Week
Range
of Prices
Sale Trice
..;
1667
Sales
Week's
Friday
STOCKS—
CHRONICLE
■
Preferred,
*
;
Western Canada Flour Pfd
We'stons
25c
■
Mines, LtO—
Walker-Gooderham & Worts
Ltd
3:40
5.80 Aug
Jan
Oct
100
—
Dominion Bridge
600
4CI
Jan
91
Jun
16
230
12!
Feb
17
July
104
10
94
Jan
105
6'%
56
56%
210
3.35
3.30
3.40
3,455
Yankee
Ymir
Ltd—a
9%C
9c
9%c
3,500
6%
•
—*100
Gold
Girl
:
Mines
■„%*_*•''
38c
3,600
29c
Jan
47c
13%
75
10
Sep
13 %
25
•
25%
50
25%
Jan
31
78c
Jan
1.75
8
Apr
14
Oct
July
20i
Osisko
Lake
Mines
Anr
Pend
10 %c
Mar
1,100
14
120
4c
4c
500
14c
14c
4,000
7%c
Apr
25c
Sep
1.35
1.40
1,180
1.05
Jan
1.90
Jun
9%c
3,600
5%c
Jan
12c
Sep
1
4.20
Sep
Temiskaming Mining Co—
2j50 Jan
8c
Selections
1.50
14
—
%:■
2!aC Jan
Jun
Oct
7c
May
Oct
63
Jan
Ltd
1.45
•
*
Humberstone Shoe Co
8% July,
3% May
522
6
56
;*
common
Preferred—
Wrlght-Hargreaves Mines____
37c
15
Sep
Oil
Winnipeg Electric
90
13%
Disher Steel Construction preferred—v.*
Foothills Oil & Gas
83 7%
15%
__*•
-
36c
'j'ac Jan
9
103%!
L—100
common
Preferred
:
90
90
Oreille Mines &
Metals
1
1
9c
OVER-THE-COUNTER MARKETS
Quotations for Friday Oct. 22
Insurance
Investing Companies
Aeronautical Securities
%
Bid
Par
Ask 1
1
6.68
3.22
3.52
....
Fund Inc
AAmerex
Holding Corp—
23%
10
American Business Shares—1
■'
2
6%
6%
1
13.10
14.09
1
3%
4%
Basic
preferred...
5
Industry Shares——10
Bond
Inv
Scries
14.73
Foreign Investing. 10c
Oil Shares—
Stand
Assoc
Axe-Houghton Fund Inc
Bankers
A 6
—
——
—
7o
Bullock
.1—•,
Fund
15.59
Trust
i
1
20.36
21.89
City of New York
Mass
Investors
2d
Fund-i
1
9.99
10.74
10
10.48
11.45
1
1
2.21
National Investors Corp—i.
2.21
National
1
2.66
Low
'
Accumulative series
—
37
35
(Colo)
series B shares
(Md)
voting shares
30%
28%
Low
1.19
1
112
preferred——100
New
/.
Agriculture
20.81
19.25
Aviation
3.60
Bank
5.30
6.05
1.18
—
1.30
Insurance
1
Fund--—1-——
1
".11.96.
21.61
20.12
.12.85
29.07
31.75
//Metals
31.26
30.75
Equitable Invest Corp (Mass)-9
Equity Corp $3 conv pfd
1
Fidelity Fund Inc
•
Financial Industrial Fund, Ine_
First Mutual Trust Fund
5
Fixed Trust Shares A
10
Foundation Trust Shares A—1
Fundamental Invest Inc
2
Fundamental Trust Shares A—2
B
-*
17.66
1.74
5.95
9.44
'
4.65
——
—-•
1
5.13
33.56,
5.^3
92%:
7.36
Firemen's
4.70
Franklin
9.55
/
y
10.50
5.72
Newark
10.15
9.56
7.34
-9.15
7.54
8.30
10.36
.i—„y
_i
&
Automobile
7.51
Sovereign Investors
Fire
Spencer
Low Price Shares——*-
5.96
Merchandise shares.!.
5.87
Mining shares.—.:—
4.69
3.37
3.78
'4.17
4.17
.•4.60
D
Class
4.21
Trusteed
4.80
Union
14c
14.23
Trust
53
Inc
—10c
1.40
1.53
5
19.69
21.17
Continental
Independence Trust Shares—*
Securities I.td—
2!. 17
2,46
10.89
shares..—
90c
of America—10
&
1
11.91
12.17
AFirst
Boston
Co
Investors Fund C
*
17%
New
—25
87%
91%
43%
Public Nat'l Bank & Trust—17%
33%
36% "
78 %
Title
Co
1,530
100 1,490
Bank—
Light 3s
1963
3%s__1968
Gas
Power
&
Light
102%
103%
108%
debs
100%
1953
104
Federal Land
4s
1964-1944-
3%s
3s
3s
3s
-
1955-1945—
1955-1945
Jan.
May
1.
1,
1956-1946-—.
1956-1946-
102/1;
102
104
,V.
104 i'o
3
19.47
8.26
5.79
6.29
16.51
18.04
•
103 %
107%
1973
1943—
15,
MarlS,
1944
15,
1944
15.
15, 1944
*Sept.
17.47
J Mar
1945
15,
tDec. 15,
1
i—10
Corp
2
20%;
—-
1945
Mar 15,
1945—
1946*1——
JMar 15,
-4-
-
1944
Jun
Sep
1.70
15.89
Int. Rate
Maturity—
Dec
15%
1
Feb
102%
Bid
lYt>%
100.3
1
%
100.7
%%
100.7
1
%
100.18
%%
99.30
%% - 100.16
1%%
100.12
%%
99.21
1
%
99-30
104 %•
105%
105/1;
106,%
106%
Rates
100.2
100.4
108
107%
West
Texas
Util
108%
101%
3%S——1973
102%
1,1944
Oct.
28,
4,
1943
1943
Ask
100.5
100.9
100.9
1G0.20
100
lOO.'l?
100.14
99.23
IOO
are
32ds of a point
}Sep
15,
15,
1947
100.16
100.18
b0.49
0.44%
b0.58
0.55
——
of
——
t%S Feb 1, 1944—
$%s
100.25.
Indebtedness-^
?y8s Dec 1, 1943—
I%S Apr 1
Ask
100.23
1%%
1946
Certificates
Bid
Int. Rate
1%%
Maturity—
tDec
$%s Aug. 1,
1944—
*%s Sept.
1, 1944
f/as Oct. 1, 1944_*—-.1
•
0.71%
0.71%
b0.79
—
b0.73
b0.73
1944—__—
May 1,1944—
0.77%
b0.81
0.79%
b0.82
0.80%
100.5
100.8
Nov.
S Conversion 3s
—1_1946
105%
S Conversion 3s
1—1947
107%
.107%
—
—
1943
2, 1943
105%
U
26,
•No
130
131%
s
par
value,
w
Odd
are
subject
Bid
9,1943
----Dec
0.28%
Dec. 16, 1943————
0.30 %
Dec. 23, 1943.
0.32Dec. 30, 1943—
:
0.32%
Jan. 6 1944_
0.32%
Jan. 13. 1944—0.32%
Jan. 20, I944
to
all Federal
-
—
-
— —
b0.37
b0.37
bO.37
b0.37
Ask
0.32%
0.33%
0.33%
0.34%
b0.375 0.35%
b0.375 0.35%
bO.375 0.35',
sales,
b Yield price,
d Deferred delivery,
r Canadian
for year.
x-Ex-dividend. y Ex-rights,
tin default.
taxes.
AQuotations net furnished by sponsor or issuer
lot
Cash sale—not Included in range
bonds
for discount at purchase
Ask
b0.37
b0.37
b0.37
b0.37
b0.37
b0.37
:
12, 1943
Nov. 18, 1943—Dec.
._*-1961
~
—— —
Nov.
U
3s
105%
Gas-
103%
quoted
Treasury bills—
1
Panama Canal
&
United States Treasury Bills
Ask
Other Issuet
104%
Elec
Carolina
22%
Housing Authorltynotes
107%
109%
2%
Cqrp—
15.1944
Ask
100%
Quotations For U. S. Treasury Notes
21.28
7.55
j
Apr
1%%
1,245
Bid
—1972
4%s
Figures after decimal point represent one or more
Nov.
102
5%
100 1 ,200
Puget Sound Pow & Lt—
South
1973
80c
—1—
—
11%
United States Trust—
(New Hampshire)
24.39
Bank Bonds—
1946-1944-
4%
—)
71c
Bid
U
4S
Trust——_12
101%
(Indiana)—
Service
3%s series A
23.65
Ask
100.6
Guarantee &
104%
3V4S—1973
-
43c
25c
:_i
Reconstruction Finance
100.4
York Trust
Ask
103%
Bid
Commodity Credit Corp—
11%%
-Feb 15, 1945
34%
16%
Obligations Of Governmental Agencies
Bid
32%
74%
3%s. series E
Corporations
,
53%
209
50
National
Atlanta
2.14
!A—
4
Investment Banking
A Blair
.
Recent Bond Issues
5.73
4
1.24
47%
51%
199
6.35
—
24.40
Investment
1
1
series
Fund B
1.13
City Bank.;
36%
46 %
Empire Trust
Public
2.24
1
—
22.45
National
33;%
45%
20
—.100
12%
(J P) & Co Inc
Panhandle Eastern Pipe Line—
_J_—
Fund
Insurance Group sharesj—
com—20
preferred
14%
1.455
& Trust*—10
Bid
11.94
82c
Group shares—
f-
S El Lt & Pwr Shares A
B
Conv
313
13%
405
Bank & Trust-20
Bank
'
i
Wellington Fund
Institutional
219
209
——100
—
Public Service
Union Preferred Stock Fund
U
305
100
—-
Morgan
155
:
2.34
—i
C
Union Stock
Guaranty Trust
Manufactures Trust Co
Shs-i-
B
Series
,,
46%
4.10
1
i
Series,
26c
377
4»k
145
100
Trust
37%
13.23
Industry Shares_i— 25c
Bond
.
Fulton
44%
Shares-f-
B
3.82
365
100
Bid
Par
Ask
20%
35%
48
1
.4
Oil
ASeries B
4.36
Bid
10
2%s
i
Trusteed-Amer Bank
y.
Bank Group
C
A Series A
6.79
3.05
77%
34%
13.55
Iowa
5.41
6.17
52%
72%
Commercial National Bank &
Trustee Stand Invest Slis—
shares.————
49%
32%
Chemical Bank & Trust—
84.09
6.22
shares——_—
4.94
40%
10
Chase National Bank-.:
78.25
5.65
Investment
Stand
69%
4.79
38%
2.50
2.58
•
Investing
Equipment shares——
Guarantee
Westchester Fire
2.05
Corpi—__•
AA4
1
Trask Fund——i_.
Super Corp of Amer
ASeries
U S
38%
City Banks & Trust Cos.
19Vz
Calif Elec Power
State
Trustee
47
33%
99%
6.62
6.51
Aviation
101%;
44
31%
—4
96%
14.61
7.62
Incorporated Investors.—
96%
10
Inspect.,10
100
Fidelity & Guaranty Co„2
Central Hanover Bank & Trust 20
5.98
6.89
—
U S Fire
Par
13.74
5.92
Common
30%
flew York
1
6.93
Income
28 %
5
!
shares-
1
U S
—
_1
bond shares———
Holding Corp.—
Foundation Fund
Travelers
3.1%
Home
Shares—1
Industrial Machinery shares-
A Huron
67
29%
54%
131
10.16
Inc.:
7.58
shares.———
63
5
—
91.00
5.32
Utility
! 66%
Irving Trust
-.10
Kings County Trust
100 I
Lawyers Trust
.——25
9.31
4.83
■
10
-Standard Accident—
16
92%
419 20
Income
—
14%
.
Selected
shares..
Ins. com.
47%
—•
9.47
Tobacco
125Via
87%
Shares—1—2 Va
8.62
Steel shares.-
25
310
3.69
Equipment
EK
Springfield Fire & Marine
7%
300
45%
3.36
Electrical
Petroleum
10%
—62%
10
1
Amer
Railroad
9%
Scudder, Stevens & Clark i V
5.17
25%
5
:
Hartford Steamboiler
First
6.46
27%
23%
100
1
6.83
:
25%
36%
Bankers Trust
6.59
Republic Invest Fund
A Series
10
—10
Fire
51%
Bank of New York
5.99
Selected
———
(Paul)
2.22
1
5.90
St
5%
10
6.51
i—10c
Inc Shares
7.24
Administered
38%
2
10
Brooklyn Trust
Plymouth Fund Inc
i—10c
(Geo) Fund—i
1
6.34
Fully
17%
36%
Security New Haven.
5.91
Putnam
5.76
General
90%
_10
Seaboard Surety
7.13
38%
1
6.58
—
51%.
15%
St Paul Fire & Marine
Bank of the Manhattan Co.—10
•
_A4_„ _1 1
shares.:
Food shares.:
48%
86%
5
45%
6.48
ct£s
1958
Fund,
10
—10
:
Revere
114%
20%
5:18
——u—„1
Chemical
.
14»/«
31
5!'n
96%;:
109%
50%
10.96
4.70
%.v- 7.02
6.21
shares—
Aviation
Building shares.—
13%
15%
25%
-
92
25
18%
Hanover
6.99
9.97
6.38
—
4%
42%
American
8.26
-6.35
5.36
shares—
shares
—5
11.39
•V
i_.
4—
1955-
Quarterly
23%
47%
—
preferred
Hartford
49%i
14%
12.50
—10
2nd
33%
47%
10
Marine
Rutgers Fire
Great
31%
5
&
Globe & Republic
Globe
10
10
__5
Providence-Washington
Reinsurance Corp (NY)—;
Republic
(Texas)
29
5
Corn Exchange
Group Securities—
_5
Fire
Glens Falls Fire
6.30
9.23
•8.31
shares.
Series-1956
Series
31.21
88%
Gibraltar
1953
Series
'5.38
Fireman's Fd of San Fran——10
197
30%
2.05
Amer Trust
Series
4.39
3.19
6.67
——
North Amer Bond Trust
22.83
20.83
72%
J—
——y
Railroad equipment
Steel
4,25
68%
*_*___
North
3.65
—10
8%
.
28%
Preferred Accident—
147
141
General Reinsurance Corp
„i_
Oils
1.91
5.33
_*—_
—
,
20
i
;_i
equipment—*i_
stock
L—-
•-•Railroad
19.02
Fidelity & Deposit of Md
7%
187
—2
2.50
Phoenix
■
2
20
Casualty
Indemnity Co
Pacific
46'4
•,.-'
61%
Fire
60%
Fire
58 "a
Pacific
42%
6%
25%
Northern
56%
8.69
.Machinery
.
43 %
35 %
8
6
Northeastern
40%
6
23%
River
10
7.22
**!
! Electrical
.
Fund—;
38
•
33
6.52
Building supply—
& Howard-
36%
5
12.85
stock
Chemical
North
10
6.53
_
——„
20%
—10
.fti
Automobile —A
/
-
„——;
18%
Federal
5.92
1
4
New
A—10
11.95
priced bond series-!—
England Fund-—-
"
23
Employers Reinsurance
of
Y„
(Detroit) —10
New Brunswick—
21%
4.24
__
50%
New Hampshire Fire—
York Fire
%
610
585
„5
6.69
series——
47%.
Fire
Amsterdam
1.36
2.82
series———4—
New York Stocks Inc—
4.64
Shares——•
Delaware Fund———
r,
1
Diversified Trustee Shares— - ;
C
:
1
D
—-2.50
Dividend Shares.:
——25c
Fire
87 %
82%
100
—
Fire Assn of Phila—
Preferred stock series—!—
34
32
shares——10
Cumulative Trust
Agricultural
Union
New
7.47
>
5
Liberty
National
8%
1.23
3.60
priced stock common—
Income
Forster.Insurance—
General Capital Corp
General Investors Trust
National
43
6.91
•
_1—25c
Security Series—
Bond
2.66
Scrips ACC mod—
—1
ACrum '& Forster common—10
A 8% preferred
-100
.
62V4
7%
Employees Group—
.
74%
iu
40%
Continental Casualty
!
N
6%
71%
Ins
59%
Connecticut General Life
Inc.a
Fire
Fire
Casualty
10%
12%
National Fire
—25
Investors
2.34
Stock
17%
Bankers & Shippers
Mass
Fund
Mfrs
15%
2%
10.43
Securities—
&
__25
9.64
Invest
Merch
—10
—
Boston
Nation-Wide
Massachusetts Bonding.
Merchant Fire Assur—
10
Automobile
Camden
Mutual
6
Monarch
Baltimore American
4.60
4.97
9%
1
National
91.80
8.62
4.57
38 ',4
5
Y
Casualty—
16%
38.40
7.84
144
Balanced
Surety—
6.65
41%
20
Knickerbocker
Maryland
59%
89.95
4.18
:
1
Eaton
American
6.07
16%
86%
15%
37.63
Ank
14%
84%
56%
—
l__10c
139
—
Reserve.
1—10c
Common
Corporate Trust Shares.—
A 7 <7o
American
Bid
—10
10
Maryland Fund Inc
100
B
4.41
Fire
Insur Co of North America—10
2%
Newark
3.65
Consol Investment Trust
&
Re-Insurance
30.33
2, 330
ACommon
of
American
:
11%
12%
19% y 21
11%
12%
Fidelity & Casualty_5
American
Manhattan Bond Fund Inc—
Fund.%
1
1
Crum
American
13.94
-1
mod
25%-
10
Loomis Sayles Mui Fund—
Loomis Sayles Sec
Securities coin..—100 2!,220
AA
82
23%
10.23
X3.05
Preferred
Series
35%
78%
6
—•
AA
34%
_*
17.52
29.11
vV 14.22
10
25.71
i—i—
16.29
Par
■
y
25
-
12.69
S-4
57
Homestead
Jersey Insurance of N
143%
10
—
Alliande
% 28.21
Commonwealth Invest—
Series
Equitable
Life
American
1
Fund—
Christiana
American
___
26.93
1
Ltd—
Fund
Century Shares Trust
Chemical
American Casualty
19.64
54%
Companies
Ask
:
135%
3.97
S-3
5
Ltd.'
Inv
17.23
23.39
—_i
S-2—
Knickerbocker
104.53
Agricultural
9.65
10
9.27
S-l—!
Series
100.35
Aetna
19.20
17.85
i__
5
Inc——;
Invest Co Inc
Fund
Canadian
K-2—
Series
•
5
27.92
i
Series
.4
,
y
3.68
America—...
of
Tr
Fund
Boston
Broad Street
Series
yvSeries
Investing—
Nat
A Common
B-4
Bid
10
15.70
i_
Series': K-l——
cV
Surety
Aetna
8.80
B-3
■
33.60
17.49
B-2—_a_—i—
Series
-
.30 67
25.43
L*i—
B-l
Series
3.58
13.58
American
Par
Ask
Aetna Casual &
Series
25%
3.26
Bid
Par
Keystone Custodian Funds—
7.26
—i—1%
Affiliated
!
■
market,
TThese
1668
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, October 25, 1943
Week
THE COURSE OF BANK CLEARINGS
,;.++
r
1943
•
Ended Oct.
1942
Inc.
$
fifth Federal Reserve District—Richmond—
Bank
clearings this week show an increase compared with a year ago. Prelim¬
inary figures compiled by us, based upon telegraphic advices from the chief cities of
the country indicate that for the week ended
cities of the United States from which it
is
Saturday, Oct. 23, clearings from all
possible to obtain weekly clearings will
be 21.1%
above those for the corresponding week last year. Our preliminary total
$9,765,393,164, against $8,064,830,810 for the same week in 1942.
At this
there is a gain for the week ended Friday of 31.7%.
Our comparative sum¬
stands at
center
West
Virginia—Norfolk
Clearings—Returns by
York--—
Total
409,304,526
+
26.5
+
349,626,330
18.1
567,000,000
Kansas
Louis
326,719,843
166,827,150
City
480,000,000
304,008,467
—
153,160,487
+
165,900,000
142,400,000
219,895,000
+
+
14.7
188,874,561
168,487,340
+
12.1
Baltimore
Other
all
cities,
122,631,040
+
$5,289,740,578
+
25.6
+
3.7
1,491,530,925
1,438,074,715
$8,137,827,637
2,071,403
1,614,437
3.3
123,022,501
106,673,998
+
6.2
43,223,897
35,369,680
270,819,205
+
6.3
242,428,208
214,998,965
—
■'M:-1
$6,727,815,293
9,755.973
1,627,565,527
•
$9,765,393,164
+21.1
23,190,279
105,500,000
98,100,000
+
1.2
2,468,270
2,033,252
+ 27.3
2,224,173
1,469,533
+16.4
23,173,000
18,999,000
54,694,866
——.
2,500,000
32,668,418
37,848,634
+
44.5
43,944,947
33,814,381
4,882,305
315,844
5,163,213
81,206,970
75,192,424
372,202,041
325,523,950
,
1
(10 cities)—
5.4
—
259,179
572,898
3,868,356
3,140,132
+ 21.9
230,161
190,825
8.0
65,241,437
51,501,215
+ 14.3
288,958,237
238,011,659
+
^cities according to the Federal Reserve Districts in which they are located and from
this it appears that in the New York District (including this city) the totals show a
gain of 17.9% and in the Philadelphia Reserve District of 3.9%, but in the Boston
In the Cleveland Reserve District
larger by 5.7%, in the Richmond Reserve District by 6.3% and in the
Atlanta Reserve District by 14.3%.
The Chicago Reserve District has to its credit
an improvement of
5.7%, in the St. Louis Reserve District of 3.1% and in the Min¬
neapolis Reserve District of 20.8%.
The Dallas Reserve District records a decrease
of 2.8%, but the Kansas City Reserve District registers an increase of 6.9% and in
604,828
5,218,061
'5,316,841
3,703,379
2,975,484
31,699,000
3,677,051
3,449,861
8,065,392
Wisconsin—Milwaukee-
9,855,487
34,413,694
34,149.443
Iowa—Cedar Rapids
5.8
2,530,875
5.0
27,536,000
2,222,579'
26,045,000'
6.6
2,746,193
—
—
+
—18.2
7,907,986
0.8
28,674,692
—
2,879,387
7,995,427
27,822,450
1,281,515'
1,786,011
+ 17.6
1,647,684
13,250,272
+ 18.0
11,435.666
9.314,944
6,169,181
+13.8
5,629,359
4,208,332
644,319
477,633
+ 34.9
405.774
463,194.061
434,879,669
6.5
448,466,940
8.528,019
Decatur
Peoria
6,532,010
+ 30.6
1,631,318
1,680,474
+ 29.1
4,970,803
5,305,815
6.8
2,245,248
1,825,698
3.9
1,780,563
1,651,833
5.7
555,684,281
516,348,180
137,600,000
104.500,000
63,492,886
52,787,792
41,506,470
5.834,973
Springfield
2,641,730
Total (17 cities)
——.
Eighth Federal Reserve
-563,907,216
170,200,000
+
(4 cities)
73,830,227
1,042,000
303,954,882
are
*70,000,000
1,200,000
;
Tennessee—Memphis^
Illinois—Quincy
149,900,000
68,979,349
63,57s!533
Kentucky—Louisville—
Ninth Federal Reserve
+
—
418,124
417,377,397'
District—St. Louis—
Missouri—St. Louis
294,772,227
+ 13.5
1.5
—
'
—13.9
63,961,615
+ 15.2
654.000
845.000
3.1
265,708,501
199,639,262
+
District—Minneapolis-
Minnesota—Duiuth
;
4,743,325
—
Dakota—Fargo
9.3
3.755,799
131,488,454
+ 27.9
111,572,007
84,686,770
52,428,434
.
5,229,442
168,154,377
Minneapolis
Paul
2,062,694
2,749,623
596,261,904
—
+
4,521,428
2,202,156
Rockford___
North
2,207,169
7,018,080
Chicago
St.
3,696,352
2,671,086
2,100,165
;
Illinois—Bloomlngton__
the San Francisco Reserve District of 1.6%.
415,684
4,832,806
15,632,693
Des Moines
Sioux City..
To«;al
571,288
1.9
,
30,104,000
Bend
5.3
+ 24.3
—
2,980,350
3,158,624
Terre Haute
clearings for the whole country having amounted to $8,665,235,678 against $7,815,586,770 in the same week in 1942.
Outside of this city there was an increase of 4.2%,
the bank clearings at this center having recorded a gain of 18.5%.
We group the
loss of 12.7%.
*
3,183,350
South
In the elaborate detailed statement, however, which we present further below
we are able to give the final and
complete results for the week previous—the week
ended Oct. 16.
For that week there was an increase of 10.9%, the aggregate of
a
5,572,342
35,622,519
13.0
2,544,070
2,574,638
Lansing
Indiana—Fort Wayne.,
Indianapolis
Complete and exact details for the week covered by the foregoing will appear
in our issue of next week. We cannot furnish them today, inasmuch as the week
ends Saturday and the Saturday figures are not available at time of going to press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
Reserve District the totals show
6,685,374
0.1
+
—
38,037,922
Michigan—Ann Arbor-
+ 21.7
$8,064,830,810
+ 30.7
40,783,710
121,100,000
Seventh Federal Reserve
District—Chicago—
+ 21.0
1,337,015,517
7,464,302
40,750,173
136,800,000
Grand Rapids
cities, five days
one day—
Toto^all cities for week
the totals
6.7
+
44,153,856
———
Louisiana—New Orleans
4.1
$6,646,290,712
davs
cities, five days——
Total
All
five
2,512,244
137,854,639
Mississippi—Vicksburg
Total
127,660,230
cities,
66,222,176
287,883,542
il.i
-
Mobile
9.3
191,077,426
Francisco
Ten
(6 cities)
Alabama—Birmingham
+ 16.5
240,402,000
219,226,813
Cleveland
I
4,156,000
68,609,733
Macon
8.9
Pittsburgh
San
4,478,000
+ 13.2
2,344,618
Florida—Jacksonville
7.0
—
962,674
—11.8
46,891,227
Georgia—Atlanta
Augusta
+ 31.7
1,022,674
6,675,000
78,630,804
142,353,600
Columbia—Washington.^
Nashville
%
$3,235,743,112
$4,260,967,526
Boston
St.
1942
1943
$
5,884,000
Maryland—Baltimore
District of
992,662,
1940
$
89,031,354
Carolina—Charleston
Tennessee—Knoxville—
Telegraph
—
Chicago
Philadelphia
:
1941
+ 38.9
Sixth Federal Reserve
District—Atlanta-
Week Ended Oct. 23
New
1,378,743
Richmond
South
for the week follows:
mary
Virginia—Huntington
16
or
Dec. %
47.641,798
+ 10.0
42,092.718
33,541.246
+ 13.0
3,097,299
3,499.907
—
3,075,032
furnish
we
a summary
SUMMARY OF
Week Ended Oct. 16
Federal
Reserve
1st Boston
Districts
$
York
New
3d
Philadelphia
___
Tth Chicago
6th St.
—
$
1941
Dec.
$
359,774,760
3,800,566,543
+ 17.9
3,552,407,907
578,302,203
556,831,910
+
3.9
563,331,900
519, 776,803
+
5.7'
495,879,829
—16.3
5,489,543
4,918,566
236,479,881
195,833,155
+20.8
169,201,177
132.127,422
172,990
+ 35.9
180,000
+ 16.7
163,641
147,497
6.8
3,383,219
3,415,144
+ 12.6
45,686,488
41,277,524
Total
270,819,205
6.3
242,428,208
+
14.3
563,907,216
5.7
288,958,237
555,684,281
238, 011,659
+
303,954,882
294,772,227
+
3.1
265,708,501
199, 639,262
236,479,881
u%::'
it
195,833,155
+ 20.8
169,201,177
132, 127,422
267,197,792
ti
250,028,575
127,632,396
cities
460,555,760
+10.9
7,203,003,161
4.2
3,801,446,630
2,340,364
+ 21.1
5,015,260
+ 15.8
4.136,775
3,255,313
171,660,663
4.0
152,533,875
6,223,968
111,195,743
4,859,091
+ 28.1
4,150,016
3,762.265
1,374,695
1,337,773
891,261
1,186,885
267,197,792
250,028,575
Pueblo
7,153,677,796
3,357,339,437
100,562
««
Colorado—Colorado Springs
+
115,730
„
167, 160,447
7,815,586,770
59,702,143
+
5,808,066
104, 530,471
4,162,373,933
1
3,573,406
2,834,657
330, 399,105
8,665,235,678
1,059,858
178,600,722
Wichita
115,858,103
4,337,970,530
Outside New York City—
Omaha
Total
:
3,816,679
67,202,708
*
Kansas—Topeka
380,001,125
213,769.133
'210,000
,
•
1.6
+
235,036
_
Lincoln
Missouri—Kansas City___
St. Joseph—
6.9
—
•
Hastings...
2.8
+
131,255,291
467,840,508
it
516, 348,180
(7 cities)——
.Nebraska—Fremont———
214, 998,965
325,523,950
...
Tenth Federal Reserve District—Kansas
City*
430, 984,759
+
596,261,904
V';
565,640,043
372,202,041
6
111
5,594,466
3,943, 999,600
it
10
—
1,346,043
4.681,735
355, 700,423
it
10
Total
1,587,909
$
—12.7
597,807,494
7
——
3.3
1940
399,852,895
4
Francisco
11th Dallas
V;4>:C
Inc. or
287,883,542
17
Louis
1.605.902
+
it
10
.
9th Minneapolis
10th Kansas City—— :
12th San
1942
14
it
7
6
—!
+ 10.6
1.535,208
_
Helena-.
4,480,755,761
10
—
—
1.352,955
1,595,335
"
12
5th Richmond
2,990.832
1.495,851
CLEARINGS
348,917,274
2d
6th Atlanta
BANK
1943
—
4th Cleveland
by Federal Reserve Districts:
3,380,824
South Dakota—Aberdeen
Montana—Billings
In the following
!
;
(10 cities)
______
+
+
2,078,593
2,532,120
2.8
709,810
655,134
—24.9
810,986
819,149
6.9
213,769,133
167.160,447
+
Eleventh Federal Reserve District—Dallas—
Canada
32 cities
—
475,840,635
389,039,507
+22.3
405,464,772
333,005,088
Texas—Austin
2,474,130
now
add
our
Fort Worth—
2,443,437
1.3
101,301,610
104,568,877
3.1
1,961,823
92,119,309
86,260,695
13,910,648
Dallas
detailed statement showing the figures for each city for the
week ended Oct. 16 for four years:
We
13,490,817
3.1
11,846,633
7,608,833
—
Galveston
3,225,000
—
Wichita Falls—
Week Ended Oct.
1943
1942
$
$
Clearings at—
Inc.
1941
or
3,546,000
9.1
2,692,000
2,745,000
1,368,313
1.324,878
3.3
1,561,493
1,386,896
5,352,695
5,881,282
9.0
5,676,845
4,194,554
127,632,396
131.255,291
—
2.8
115,858,103
104,530,471
103,530 174
—23.4
67,236.861
54,660,085
7.3
4.1
1,878,175
60,248,279
49,413,704
1.1
25,144.806
22,334.998
Louisiana—Shreveport.
16
2,334,493
1940
Dec. %
Total
$
(6 cities)
First Federal Reserve Distrlct- -Boston-
728,668
Maine—Bangor
Portland
773,832
5,812,899
—40.3
3,126,425
1,981,587
344,837,952
—13.2
310,774,296
1,070,630
683,232
385,829
Lowell
Bedford—
1,336,618
5,387,965
2,978,268
3,005,193
12,090,606
Connecticut—Hartford
1,375,835
4,845,759
—
Worcester
0.7
+
+ 77.1
»
509,325
817,313
2.9
1,141,789
1,037,830
3,712,129
2,888,214
14,195,592
14,266,389
—10.0
6,893,516
—16.8
5.589,732
5,312,251
16,092,000
0.6
15,602.900
743,934
—18.8
705,727
399,852,895
—12.7
359,774,760
355,700,423
—
+ 61.3
2,925 836
232,163 000
+ 21.0
3.828.579
3,759.029
+ 10.2
207,217,000
185,689.000
5,705,798
1,126, 927
+ 406.3
4,211,423
3,544,389
1,629,377
1,297 877
3,774 398
+ 25.5
1,622,848
1,704.529
+ 10.3
3.043,186
2.864,618
»
Stockton
Grand
4.162,812
(10 cities)
Total
(ill
5,800,814
5,314,762
+
9.1
11,593,543
1,340,086
+ 21.0
1,707,869
58,300,000
49.400.000
460,555,760
1.6
380,001,125
330.399,105
8.665.235,678
_
7,815,586,770
+ 10.9
7,203.003,161
7,153,677,796
4,162,373,933
+
3,801,446,630
3,357,339.437
4,337,970,530
1,592,311
Buffalo
58,500,000
0.2
1.400.691
1,242,762
+ 12.7
949,769
1,402,500
1,057,718
+ 32.6
1,377,815
77
'
709,479
Jamestown
1,336,148
York
3,653,212,837
Rochester
10,468,786
Syracuse
6,157,943
Connecticut—Stamford
New
4,650.789
+
,4.2
15,890.814
1.621,872
Elmira
New
5,569,9(58
467,840,508
cities)
Outside New York
Second Federal Reserve District—New York—
Binghamton
8,379 916
3,538,916
Santa Barbara
Total
New York—Albany
1,777,964
840,446
—
(12 cities)
Total
—
13,517,144
;
San Jose
29,145 ,801
+
—
255,858.000
Pasadena
San Francisco
15,113.500
604,294
348,917,274
Hampshire—Manchester
13,426,641
16.000,900
Rhode Island—Providence.
California—Long Beach
4,978,035
2,825,444
2,462 878
75,748 953
28,837,531
Utah—Salt Lake City
0.9
—
2,641,933
72,637,783
995,938
—10.1
—
79,311,214
Yakima
817,569
Oregon—Portland
5,738,432
New Haven
Washington—Seattle
306,858,629
1,077.848
Springfield
Twelfth Federal Reserve District—San Francisco
610,291
3,450,050
Fall River
New
—11.2
299,382,599
Massachusetts—Boston
New
820,501
390,310
3,401,556,531
3,796,337,659
7.3
10.666,995
10,275,375
+
8,478.393
5,920,236
Jersey—Montclair
+ 18.5
27.4
+
V
5,915,496
0.9
5,572,608
6,072,345
Canada—
Week
1943
1942
$
Toronto
Ended
$
Inc.
Winnipeg
9.7
126.173,300
102,537,610
+ 29.8
120,648,138
96,842.757
53,594,034
36,904,714
43,739,628
20,608,192
71,505,567
23.159,242
23,026,153
Quebec
6,041,278
5,204,695
31,050,855
33,400,707
+ 21.3
Northern New Jersey
31,900,086
+
4.6
$
+
56,689,301
22,683,244
1940
95,211,512
23,981,878
Newark
$
99,358,576
96,330,542
557,184
1941
104,453,568
660,333
447,633
5,298,276
or
Dec. %
14
128,995,394
Montreal...
Ottawa
12.9
Oct.
_
Vancouver
_
__
_
__
Halifax
f
+ 29.6
+ 16.4
.
17,738,077
17,758,359
+34.7
32,043,705
29,291.798
+ 16.1
5,347.136
4,887.119
—
8.1
3.018,435
2,769.152
•—
6.5
6.291,771
(12 Cities)
4,480,755,761
Third Federal Reserve
3,800,566,543
+17.9
3,552,407,907
5,203,959
5.651.355
512,334
423,200
+ 21.1
572,305
511,001
500,000
+
2.2
469,129
578,774
+ 63.7
555,965
1,856,515
1,855,630
„
i
Philadelphia
+
0.1,
626,942
629,281
713,021
,
1,950,300
1,733,630
563,000,000
New
Jersey—Trenton
Total
547,000,000
+ 16.4
1,793,217
2,471,658
+
6.3
2.668,302
2,676,091
1,357,503
1,270,644
+
6.8
1,192,009
1,884,972
1,777,898
—.
3.7
1,288,369
2,626,234
Wilkes-Barre——
543,000,000
1,500,220
Bcranton—
1,923,241
7.6
1,877,773
1,678,181
5,252,900
5,989,100
4,213,000
(10 cities).
578,302,203
3,520,394
+
—
+ 19.7
502,000.000
7,
1,845,585
Cincinnati..
Cleveland
/
Columbus
3,492,086
.
3.9
563,331,900
3,393,381
+
519,776,803
2.9
3,550,514
3,209,195
9.3
92,971,736
82.665.523
'
Mansfield
,
Youngstown
Pennsylvania—Pittsburgh—
106,180.470
223,807,415
193,737,766
+ 15.5
16.281,200
—.
7,275,045
+ 30.0
6.513,591
3,187,700
2,303,885
+ 38.4
1,922,151
1.898,535
1,740,149
+
9.1
1.709,062
1.619,663
2,767,309
2,294.926
+ 20.6
2,497,171
2,562,721
John_
Edmonton
(7 cities)
14,857.400
+ 10.0
186,697,534
14,667,600
2,011,512
2,271,934
—11.5
2,693,780
4,199,460
4,041,786
+
3.9
251,737,023
241,157,306
.+
4.4
597,807,494
__
_
1,811,28$
7,352,618
Saskatoon
Brantford—C.-,—
Fort
William.
New
—
Medicine Hat
>
747,521
+ 22.8
582,015
578,443
1,697,451
968,108
.+ 18.0
1,711,720
1,692.005
+ 10.4
890,379
825,990
965,386
929,093
3.9
1,028,792
8*6,816
+ 12.1
916,682
752,393
965,775
—17.4
761,990
629,830
480,273
:
.
Westminster—.
5,943.519
417,074
797,823
Moose Jaw—i
4,300,981
5,955,844
9.0
915,690
.
4,940,536
1.7
+
1,069.231
Lethbridge
+ 34.8
+
486,675
2,003,340
.
6,942,039
529.300
918,301
Brandon__
5,453.014
7,061,154
_
Regina
569,765
—15.7
408,773
381,970
Peterborough
+
383.569
822,266
—
735,191
+ 22.9
883.725
1,034,946
--*-14.6
958.251
837,114
1,119,877
1,169,657
4.3
1,171,298
1,061.706
3,698,407
3,742,080
1.2
3,202,406
2,797,592
+ 29.4
Bherbrooke
565,640,043
+
5.7
—
Prince Albert
515,146
958,584
155,207,570
v
666,641
1,006,478
Kingston
796,068
686,085
14,778,300
Chatham
635,138
645,330
693.377
516.065
1,045,838
1,076,719
475,840,635
389,039,507
—
Moncton
2,214,341
Sarnia
3,740,597
3,417,236
Sudbury
191,558,068
—
—
788,204
571,762
485,476
451,813
5.0
861,228
725,301
+ 16.0
686,246
1.6
564.906
542,153
+ 34.4
536,569
368,378
+
—
608,139
169,492,594
Total
Total
_
Windsor
+
96,278,798
...
9,455,489
Kitchener
556,831,910
Fourth Federal Reserve District—Cleveland-
Ohio—Canton
Calgary
London
947,498
Bethlehem
Chester
5,859,727
,
Victoria
District—Philadelphia—
•Pennsylvania—Altoona
Lancaster
3,943,999,600
3,282,145
5,481,750
St.
Total
3,015,842
Hamilton
495,879,829
430,984,759
.
—.
(32 cities)—_—:
2.9
1,099,812
889,669
+ 22.3
405,464,772
333,005,083
—
.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4223
158
*1NTRA-G0VERNMENT
Capital Flotations in the United States
During September—Final Treasury
Figures for lonlh Dow Available
usual
Our
United
the
of
summary
Issued
Retired
months
six
for
Total
July—
6,966,487,000
5,127,196,000
38,000,000
19,013,000
547,334,000
604,347,000
July—
The Third War Loan Drive,
19,103,000
exceeded the quota of $5,000,000,000
with sales of $5,377,000,000 and sales to corporations,
associations and other investors totaled $12,936,000,000,
sales to individuals,
quota of $10,000,000,000.
Sales of E bonds
totaled $2,472,000,000 compared with $1,473,000,000, the
prior all-time high in this class of securities which was
reached in the Second War Loan in April, 1943.
The F
and G bonds total also reached an all-time high in this
class of securities with a total of $831,000,000.
In our
tabulation below all of the sales of Savings Bonds, De¬
against
Sept. 30 Treasury statement.
Amount
•
Due
Dated
Offered
FINANCING DURING 1943
STATES TREASURY
UNITED
Total
—
September
Yield
Price
Total for nine months—
for
Civil
Retirement
Service
Savings
Life
Savings
92 days -
1,175,078,000
92 days
1,344,535,000
July 9
July 16
July 14
July 21
92 days
1,520,429,000
July 23
July 28
92 days
1,373,786,000
Jun
7
July 12 4 yr.2
27
July 1-30 July
July 1-30 July
"
for
Total
*0.374
V/2
a
100
2
450,691,000
200,000
515,885,000
99.905
99.904
989,000,000 100
*0.375
4
92 days
1,408,809,000
1,005,720,000
Aug 12
92 days
1,431,223,000
1,006,839,000
Aug 19
91 days
1,420,407,000
Aug 26
92 days
1,277,910,000
1,005,236,000
1,002,333,000
2
1 year
5,484,000,000
2
1 year
Aug 1-30 Aug
1 10-12 yrs.
Aug 1-30 Aug
12 years
2 years
22,235,000
Aug
Aug
July 22
Aug 1-30 Aug
1,559,000.000
1,559,000,000
100
801,732,580
801,732,580
*0.374
*0.374
%
'
a
516,085,000
1189,736,000
5,673,461,000
2,685,490,000
Fund,
Foreign Service Retirement
Alaska Railroad Retirement Fund,
Below will be found
213,470,400
213,470,400
State
August—-—
American
bonds due
1952
Dec
Aug 27
Sep
Sep
9
Sep
17
Sep
Sep 16
Sep 23
10
Sep
24
S 9-0 2
"
99.905
*0.375
99.905
*0.375
1,535,294,000
1,008,342,000
99.905
*0.374
1,498,766,000
1,005,381,000
99.906
rSep 30
Sep 15
*0.375
99.905
,1,002,901,000
1,337,648,000
4,120,000,000 100
8 9-0 2
Sep
15
5,260,000,000
Sep
15 20-26 yrs.
3,777,000,000
3,777,000,000
1-30 Sep
Sep 1-30 Sep
Sep 1-30 Sep
1 10-12 yrs.
1,926,566,119
1,926,566,119
12 years
2 years
99,365,500
2
5,260,000,000 100
S9-0 2
% :::sv
Sep
100
a
99,365,500 100
2,259,996,000 100
2,259,996,000
2%
■:./■
a
.
LL"'
2
v
b
Total
for
September——
22,466,343,619
Total
for
nine months———
87,852,141,014
series,
have
b
of
series
have
E
a
10-year
maturity, are sold at 100, and bear 2 J/2% interest,
of six separate issues, designated Treasury notes of tax
Comprised
A-1943,
A-1945
and
tax
series
B, about 0.48%
inated
June
series
Series
C-1945.
and series C,
22,
A
series
about
1.92%
earn
1943.
,
a
OF
.
•
,
series
year,
,
Accepted
Security
>
$
Indebtedness
$
months—
49,746,876,044 19,101,944,000 30,644,932,044
5'/2%
Ltd.-Dollar Steamship
Lines,
of
of
Illinois, Inc.,
Franciscan
series A
1st 6V2S
Fathers,
1st
series
Connecticut
dated
due
D,
Nov
1996——
1
1st & ref. 7s,
$5.50
Gas
due
1031
Hamilton
1st
Hotel
&
St.
Ltd.—
Co.,
2
Aug
1
Ctfs. of indebtedU. S. Savings Bds/
Depositary Bonds
Aug
Tax
Antic'n
Notes
801,732,580
22,235,000
—
213,470,400
for
August—
—
7,605,565,980
5,179,816,000
Bldg.
1st
Hotel
1439
2
91
day Treas. bills
Sep
9
91
day
Sep
16
91
day Treas. bills
Sep
23
91
day Treas.
Treas.
bills
bills
Sep
30
Sep
15
Sep
15
Treasury Bonds
Sep
15
Sep
1
Treasury Bonds
U. S. Savings Bds.
Sep
,
Sep
Total
91
day Treas. bills
%% ctfs. of indeb.
Depositary Bonds
for
due
Total for
2,259,996,000
4,825,939,000 17,640,404,619
nine
months
_
87,852,141,014 32,523,678,000 55,328,463,014
7%
1034
1347
1
771
•*
Atlantic
•
share of
10-22v
_ZZ
15c
11-
1
10-20
_______Z
87'/2C
Silk
ZZ
Z_Z_
(quar.)—Z
1348
;
..Nov
1
1280
1475
1st
Co.
ref.
&
income
mortgage
bonds
(extended)
Falls
—
York, Chicago & St. Louis RR., 6% debentures—Dec
New York City Omnibus Corp. prior lien mtge. 6% bonds
due 1958
:LLL
b
Jan
Sixth Avenue purchase mtge. 5% bonds due 1965
Jan
Niagara Share Corp. of Md., 20-yr. conv. 514 %• debs.—Nov
5%-7y2%
Inc.,
bonds,
10-yr.
1944—
2nd
;
stock
1
1536
collat.
tr.
!
*—
Co.
1952
——
1536
1
1282
Adding
Canadian Interntl.
(A.
M.)
Belt
Co.
;
414s, duje 1955
11-
1
10-23
12-
4
10-29
75c
12-
1
11-15
*
37y2c
11-15
10-30
f
37l/2c
11-15
10-30
10-20
10-10
12-
11-
$50c
1
1
11-10
10-29
11-10
10-29
11-24
11-10
20c
10-31
10-25
$iy4
10-31
20c
11-15
'
f
•
10-25
11-
>;
12-1
■;
55c
$2.40
preferred
(quar.)_.
60c
.—
(quar.)—
L_
.11-
5
1
11-
1
10-
2 V
11-
2
1
10-
11-15
11-
1
12-
1
11-
5
12-
1
11-
5
5c
Corp
10-30
1
10-25
50c
$1%
37»/2c
11-
11-15
5
1
11-20
12-20
11-22
11-
10-23
12-
1
$iyB
;—
\
10-16
11-
3iy»c
Press, common (quar.)
preferred (quar.)
Z
$1
(special)
Consolidated Vultee Aircraft, common—;
$1.25 convertible preferred (quar.)
Continental Steel Corp., 7% pfd. (quar.)—
4V4%
12-
12-15
'
1
pOQ}'').b
1476;
Dallas Railway &
$1%
11-
1
10-21
Nov
1476
Delaware
$1%
10-20
10-15
1
Terminal, 7% pfd. (quar.)
7% non-cum. pfd. (quar.)
Electric—
;
1477 ,£ Diem & Wing Paper, 5% pfd. (quar,)_——
Domestic Industries, common (initial)—
Derby
'%
$2
Foote
mtge.
—Nov
stock—Dec
—
1
1
1
1
1
Swan Co., series A deferred bonds of 1926—
—Oct 30
Sylvania Electric Products, Inc., 314% debs., due 1957—Nov
1
Temple University, 1st mtge. 6% bonds_
Jan 1
Dec
Springfield City Water Co., 1st mtge. 4s, ser. A, due 1956—Apr
Sfcudebaker Corp., conv. 6% debentures due 1945—
Dec
1949
1
10-23
68 %c
Cuneo
1478
Rayon,
Gas
Vacuum Cleaner
Walker Dry Goods
Bros.
295
General
Cigar Co.,
.
*
1540
1285
1384
1478
(quar.)
General Cable,
7%
1
10-25
10-31
$1 y»
11-15
12»/2c
11- T
10-26
33y3c
11-
1
10-96
10-25
10-15
11-24
11-13
30c
11-
1
10-25
50c
75c
12-
1
11-
1
10-27
12-15
25c
common
;—
15c
7% pfd. (quar.)„
preferred (accum.)——
$1%
—
(quar.)_
12-
1
4
1-
1-15
11-
5
11-15
11-
5
10c
11-15
11-
1
12-
1
11-13
$1%
11-
1
U5c
12-
1
,
10-23.
Granby Consol. Mining, Smelting & Power-
Quarterly
7%
———
—
Gratcn & Knight,
$1.80 prior pfd. (s-a)—.
preferred (quar,)„_;
—
,
10-20
50c
—
———_—
4
11-15
40c
25c
preferred
Company
Mfg. Co.
-
11-
25c
—_——
Gear & Machine,
60c-convertible
Gamewell
40c
&
partic. preferred (partial payment).—_
Gellman
Southwestern
due
1
11-
1
Corp., $2.75 conv. pfd.___
1539
Southeastern Greyhound Lines, second preferred
States Telephone Co.—
11-
11-15
11-
25c
Pictures
Federal-Mogul Corp.
series B,
11-15
2
25c
Extra
Columbia
1477
6s,
11-15
25c
1178
1st
11-
12y2c
Chicago Wilmington & Franklin Coal
1537
1954——Nov
1st
11-13
25c
1
Inc.,
12-18
1
10-30
——;
Nov
Co.,
1
12-15
25c
Cherry-Burrell, common (quar.)
5% preferred (quar.)—
Chesapeake Corp. of Va. (increased)
Chesapeake & Ohio RR. (stock dividend)
1/10th sh. of new 33/«% pfd. for each sh. held
1.
;
Paper
1-
11-15
5%-pfd. (accum.)
1st 4s due 1945-1946
;—Nov
1
63rd & Elizabeth Garage & Show Room Corp. bonds—Nov 15
&
1
11-17
50c
Steel
Abbey,
Bag
11-13
15c
Ely &
Advance
10-22
~~$I
(quar.
Employers Casualty (Dallas) (quar.)
Equity Corp., $3 conv. pfd. (accum.)
Fall River Gas Works (quar.)
———
Southern
1
11-24
12-
:__Z
1
1958—
11-
10c
bonds due 1939-Nov
1st mtge.
4s,
due
11-
75c
__
Electric
K,
10-25
11-15
$1
1283
Benedict's
1
25c
———
1283
Portland,
10-25
11-
50c
(accum.)
1
of
10-25 ■"
1
20c
(quar.)—
Lobster
Nov,
Ry., 1st mtge. 5%
1
11-
$iy2
Inv. Tr.,
Co.
1
Oct 30
bonds, series C, due 1956—
Bishop
11-26
11-
25c
Extra
Consolidated
Diocese of Chicago,
1st mtge. conv. 514s due
12-10
17c
Consolidated
mtge.;
gen.
-,
30c
________
1
series
1-15
(quar.)—
..—Nov
St.
10-25
1
common——ZZZ_ZZZ
Machine
1476
_______——
Catholic
1
2-
____—
Bldgs., 7% pfd. (accum. )____
Service, 6% pfd. A (quar.)
preferred B (quar.)
1352
5%
bonds, series D 414% due 1981
Iron Co., 1st mtge. 6% bonds dated 1926
money
11-
;
(quar.
J2453
—
Baltimore & Washington RR.,
mtge. 414%
SI
62 V2 c
Subject to the approval of the SEC.
Pennsylvania Co., 40-yr. guaranteed trust ctfs., ser. "E,
Purchase
10-25
ZZ
(quar.)_
1
Nov.
1,>
10-30
1
Connecticut Light & Power, $2.20 pfd. (quar.)
1st 5s, due 1964——Dec
&
'A
11-15
11-15
11-
11-10
75c in, cash—
or
—
Nov 15
dated 1936
mtge.
1
bonds
mtge.
——.i-——Dec
1st mtge;
1174
.
32c
$3 conv. pfd.
Castings,
preferred
Castle
1
11-10
i2y2c
Buckeye Steel
Chain
5%
New
Market,
1279
1
i
f
,
11-15
11-
(quar.)____;
Mills
Hills
6%
12-
12-
10-20
11-15
L
$1
■
California Water
1
1
1
1
35c
Extra
•
1112-
12-
$1%
Bush Terminal
Monroe Coal Mining Co., 1st mtge. 6% bonds due 1947—Oct 29
Mountain Ice Co. of N. J., 1st mtge. 6s, due 1944_
Nov L 1
1st mtge. 5% bonds due 1959—Nov
Realty
Co.,
1
10c
C.), 7%
Burroughs
1534
Hotel
.
11-
——.ZZZZ
(quar.).
■_
i
common
1134
1
due
a2
1134
Nov
due
11-10
$iy2
Callaway Mills
1953
6%
1
(accum.)____
6%, preferred (quar.)_
1134
291
.
.
12-
Belding-Heminway Co. (quar.)
L__L
Benson & Hedges, $2 conv. pfd.
(quar.)
Bessemer Limestone & Cement, common—_
1
'K 986
Inc.,
11-15
30c
ZZ
1
15c
1
1
1947
1
Corp., common——
preferred
1
Nov
ser.
1
Avenue
11-15 .!•;
12-
Bankers Commercial Corp. (quar.)
6%
1
1st
1
$1
Rayon, $2.50 prior pfd.
Atlas Plywood
5s,
1st mortgage 414% bonds, series A. due 1959
_Jan
Lehigh Coal & Navigation Co., 4% fund. & impt. bonds_Jan
614%
12-
Common
Buck
Water. Co.—*
Co.,
11-15
62»/2C
25c
Co.
Blue Ridge Corp.,
3
'
Cities
10-14
1
Co
Macaroni
$1.25
1
A, due 1958_Mar
Co., 1st mtge. 4s, due 1968
Mar
Iowa Public Service Co., 6% debenture due I960—!
Nov
due
10-20
12-
(quar.
pfd.
conv,
Extra
1532
bonds
—
4!4s,
1st mtge.
1
10-15
50c
(s-a)
(quar.)
Mfg., $1.40
Atlantic
_,
1972
11-
50c
common—
1348 ;
Iowa Pwr. & Light Co.,
bonds
Corp.,
Athey Truss Wheel
390
.'
mtge.
25c
$1
7%r preferred
1532
.
Co.—
1st
10-22
Class B
1033
Nov
America,
10-16
1
Armstrong Rubber, class A__-__
4
Nov
1
pfd.
1473
Central
1
11-
75c
Trap Co. of Amer. (quar.)
preferred (quar.)—
Asbestos
Iowa Power & Light
Peabody
6%
1
of
11-
(quar.)II
Animal
1
Rys.
12V2c
25c
preferred
_____
Post Fence,
5
12-
Distilling, 5% pfd. (s-a)—"IZI—
Fidelity (quar.)
___ZZZZ
General Corp., $2 pfd. (quar. )„IZ
preferred (quar.)„
$2»/2
11-25
1
12-21
(quar.)
Corp., prior lien 6% bonds due 1947_Nov
Limestone
bonds
Co.
Dec
International
due
Book
American
12-
12-
Bruck
670,000
2,259,996,000
10-22
12-10
25c
Amalgamated Sugar, 5%
484
1954
Indiana
20c
dividend
1034
22,235,000
213,470,400
September—- 22,466,343,619
stock
1440
stock—Nov
income
(quar.L—_
Airplane & Marine Instrument
1
1st mtge. 4s,
Corp.,
Protestant Episcopal Church in the
series A notes
99,365,500
10-15
1
due 1955
Nov
Power Co., 1st & ref. mtge. 514s, series B,
7,853,000
-J.
1
1
Gas
1,006,051,000
99,365,500
11-
1st pfd.
(interim)
1,000,489,000
-
Tax Antic'n Notes.
40c
C.)
Co
1,008,342,000
1,005,381,000
_____
10-20
(H.
Roman
_____
1
Airplane
Rio Grande Junction
3,777,000,000
1,926,566,119
11-
Bohack
96,224,000
5,260,000,000
__
10-15
$l'/2
(Conn.) (quar.)_„
15
Phoenix
2,817,000
1
Jan
-
S01,732~580
4,120,000,000
5,260,000,000
3,777,000,000
1,926,566,119
11-
(quar.71——II
(Quebec)
Boeing
96,887,000
1,005,718,000
t$lȣ
Trust
1473
904,992,000
908,689,000
1,002,901,000
1
1
1,001,879,000
1,004,913,000
4,120,000,000
11-
Artloom
bonds, due 1950—Nov
leasehold
mtge.
—___•
——._■
Illinois Iowa
Gen.
Sep
10-22
25c
1345
1
,
Philadelphia,
2,425,749,980
i
Anchor
Republic Steel Corp.—
Total
11-
m
1
bonds
preferred
,
989,000,000
1,559,000,000
_L
—'
50c
1439
trust
—
& collateral trust 414%
Natural
due
Aug
10-19
Security-First Nat'l Bk. (Los Angeles) (quar.)
Special
Li
1344
15
7%
Paterson & State Line Traction Co.,
Aug
1
(Phila.) (quar.)
Lackawanna Trust (Pa.)
American
Nov
George Corp., 1st mtge, 4s due 1950
:_Nov
1st & ref. 5s, series A, due 1950—Nov
Norwell,
97,023,000
11-
Oct 27
Inc.,
Co.,
Co.-Park Place
Hotel
Houston
4,617,376,371
905,310,000
25c
(s-a)
(extra)—
American
—Dec
Electric Co.,
North
989,000,000
1,559,000,000
10-20
(quar.)""
J.)
American
—Nov
1st mtge. bonds due 1952_
Malting
Houston
414,032,550
1,002,333,000
1
1532
Depositary BondsTax Antic'n Notes
92 day Treas. bills
Ctfs. of indebted.-
11-1
11-
1473
U. S, Savings Bds.
2
10-15
$2%
(Conn,)—
Trust
1438
1
1948
July
Aug
10-25'.'
1
11-15
—
Island"—""
(Cine.)
(N.
1
—Dec
Ltd., 6%
Transit Corp.,-
Square
101,066,000
2,707,264,000
889,690,821
13,588,000
414,032,550
Aug 26
1
11-
$1
Bank
Trust
4
Jan
bonds due 1949
mtge.
1945
Cotton
mtge.
901,753,000
98,423,000
11-
$4
3
1,002,819,000
99,852,000
20c
National
1343
1
2,707,264,000
889,690,821
104,014,000
V-
preierred (quar.)___
Ampco Metal, 6% preferred
—Nov
day Treas. bills
906,987,000
10-20
of Rhode
1439
preferred stock
Nov
Great South Bay Water Co., 1st ref. mtge. 5s, ext. to 1949_Nov
Treasury
906,813,000
"
1
Lincoln
1342
1
debs, due 1953-Nov
Inc., 10-yr. 4J/2% debentures
Electric Co.,
6l/2%
collateral
5% bonds due 1959__
Lakes
92
? 901,706,000
10-15
11-
(s-a)
$3
______
&
Grain
1st mtge.
Great
July 12
1,005,720,000
11-15L
Alpha Portland Cement
1
Steel
Traverse
July 28
1,006,839,000
1,005,236,000
3
11-
37 %c
50 %
Nov
preferred stock__i^
Grand
98,212,000
day Treas. bills
1-
75c
preferred (quar.).
Kings County Trust Co. (N. Y.) (quar.)
27
905,584,000
91
30c
•
Participating
series A,
....
Square Co. of Buffalo, 1st mtge. 5%
1,003,796,000
92 day Treas. bills
10-20
11-10
Investors Trust Co.
1437
••
Froedtert
day Treas. bills
92 day Treas. bills
1
1
22
—Nov
.....
Car Co.,
92
4
11-
Industrial and Miscellaneous
Companies
Nov
debentures
Industries,
bonds,
Eastern
July 21
Aug 19
10-20
40c
■
11-
bonds,
,
Corp., 8%
Light & Power Co.,
1921
Ellicott
Miller
Aug 12
1
—
Sherbrooke
Nov
ref.
&
—'
—
Port Concession
bonds,
196,486,000
Aug
10-30
11-
$1%
Quarterly
Scranton
4!/2% bonds due 1955_Nov 20
1
Baragua Sugar Estates, participating income debs
Nov
Bendix Home Appliances, Inc., class A stock
—Nov 30
1
Bigelow & Dowse Co., 7% preferred stock
Nov
Central Ohio Light & Power Co.#lst 4s, ser. C, due 1964_Nov
1
Chesapeake & Ohio Ry., ref. & improv. mtge. 3'/2%
197,040,000
3,415,979,000
l
25c
1437
Laundries
Association
804,717,000
8,033,355,371
of Rec,
$S1 Va
~
10-15
(Peoria, 111.)
Associated
803,925,000
July
Holder*
12-
10-25
Bank
Wachovia Bank & Trust (N.
1,000,411,000
for
Payable
_
First Stamford Nat'l Bank & Trust
Lines
When
share
11-10
942
Corp.,
are:
Companies
$1
National
debs, due 1949__Nov
Chemical
when
1
1525
G.
the week
10-30
1238
1,001,757,000
Total
Trust
<quar.)___
Stamford Trust
bills
13,585,000
in
(quar.)_—
1437
92 day Treas.
1
and
debenture coupon bonds due 1947_!
Nov
American Viscose Corp., 5% cumul. preferred stock—_Nov
92 day Treas. bills
July
July
1480
$1
First
81
Inc., Ltd., 3%
July 7
July 14
Notes
News Department"
(quar.)___
County Trust Co. of Maryland (annual)—
Equitable Trust (Wilmington, Del.) (quar.)—.
Fidelity & Deposit Co. (Halt.) (quar.)___
Feb
.—
.—
Massachusetts
Total for six
1385
1
Jin Volume 157.
Bridgeport City Trust (Conn.)
Litchfield & Madison Ry.,
New
Refunding
Investment
Provident
President
Kankakee
FUNDS
Total Amount
Type of
series-
B-1944,
about 1.07%, Sales of tax series A term¬
USE
Dated
A-1944,
series
B-1943,
991
1
Per
.
American
due
12-year
a
series,
which
1385
1
are
Bank
Hightstown Rug Co., 15-yr. 614% debentures due 1944^_Nov 18
Hoily Sugar Corp., preferred stock
Comprised of three sepa¬
maturity, are sold on a
discount basis at 75, and yield 2.90%; series F have a 12-year matur¬
ity, are sold on a discount basis, at 74, and yield 2.53% ; and series G
♦Average rate on a bank discount basis,
1
1
declared.
1437
_
rate
683
1
announced, but
Morristown
1953
Herald
'
..Dec
Corporation
and
1237
*0.374
4,120,000,000
1
and
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
preferred stock—
Dec
British & Continental Corp., 5% debentures
Dominion
1,001,879,000
1,004,913,000
1,177,631,000
bonds
—
Then we follow with a second table in
show the dividends
previously
we
—Nov
Dayton Union Ry., 4%
1,281,212,000
91 days
91 days
91 days
91 days
91 days
11 mths.
8-10 yrs.
2
1
Sep
income
grouped in two separate tables.
In the
bring together all the dividends announced the
we
which
Page
1
Bemberg Corp., 7%
class A stock—
Co.,
Corp., preferred stock;
Danville Traction & Power Co., 1st 5s, due 1951—
7,605,565,980
—
Co.
current week.
Fund,
Postal
Date
„
Bridge Corp., 4%
Bakeries
Domestic
Total for
first
preferred and common
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."
Continental
100
20
DIVIDENDS
Dividends
list of corporate bonds, notes,
stocks called for redemption,
a
"Consolidated Textile Co., Inc., 15-yr. 5%
22,235,000 100
Securities
31,800,000
+221,536,000
_
*0.374
Aug
6
Aug 13
Aug 20
July 22
A,
Nov
1981
■
1384
Bldg.—"
—
•Announcement in this Issue.
Atlanta Gas Light Co., gen. mtge.
99.904
99.904
July 30
Aug
Employees
due
1941
Bankers Trust (Des Moines)
Asuncion
8,033,355,371
July-
dated
ser.
___—Nov
Name of Company
.
414,032,550 100
bonds,
Bank of Montreal
a
13,585,000
13,585,000
414,032,550
2 years
*0.374
99.905
99.904
889,690,821
•889,690,821
•12 years-
July 1-30 July
*0.374
2,707,264,000 100
19543,543,500
mo.
10-12 yrs.
1
*0.375
99.904
99.904
1,002,819,000
July
;
Redemption Galls and Sinking Fund
due
1,001,757,000
1,000,411,000
1,003,796,000
30
bonds,
The dividends announced this week
American I.
Jun
11,077,000
Government Life Insurance Fund,^National Service
Fund, Federal Deposit Insurance Corporation, and
& Loan Insurance Corporation,
tNet retired.
System,
Insurance
Federal
49,746,876,044
months—
six
lien 514%
1st
1
England Capital Corp. debentures due iy64—_—.Dec
15-yr. debentures (ext. to 1947) ——Nov
Bros.-Kennelly Co., 1st mtge. 5s, due 1955.—__Dec
Warren tS. D.) Co., 15-yr. 414% bonds due
1952——.Nov
Weil & Co., 1st
mtge. 514% bonds dated 1927
Nov
303,000,000
8,358,951,000
Canal Zone Retirement Fund,
American,
Total
Co.,
Page
•
Dec
___
New
♦Comprise sales of special series certificates and notes; certificates
sold to Adjusted Service Certificates Fund and Unemployed Trust
Fund,
and notes to Federal Old Age and Survivors Insurance Trust
Account,
American
Accepted
Applied for
-
461,768,000
326,349,000
August-
for
Alabama
Amount
Service
due'
6s,
Valvoline Oil Co.,
147,691,000
32,000,000
294,349,000
for
Company and Issue—
Date
mtge.
Werner
11,077,000
Certificates
a
pository Bonds and Tax Anticipation Notes credited to
the Third War Loan do not appear, as we show only the
amounts received by the Treasury and shown in the
Water
notes
585,244,000
303,000,000
158,768,000
Notes
for which elaborate plans
oversubscribed
by $3,943,000,000.
In commenting on the sale of the
various issues, the Under-Secretary pointed out that the
1st
September—
■
report, that the $15,000,000,000 goat was
Date
,
Garage Co.,
1951
Utilities
v'i.:-"':-.^
v:;;:
Notes
corporate
laid, started on Sept. 9 and ended on Oct. 2 arid
proved to be a huge success.
Under-Secretary of the
Treasury, Daniel W. Bell, announced on Oct. 19 in a final
*
•'•. •'
•
Certificates
published
were
August—"'
Total
■
&
1951—
Revenue
37,910,000
———-
-
for
90,000
566,347,000
Total
•
Issue—
Terminal
University of Illinois Medical, Dental & Pharmacy
Notes
States Treasury
issue of Oct. 18, pages 1571-1573).
our
Union
1,839,291,000
■
Certificates
pilation for the month of September as final figures
covering the Third War Loan Drive were not then
available.
The Treasury Department during the past
week released the final figures which we present below.
in
Bus
due
generally included in our monthly tabula¬
of "Capital Flotations," was omitted from our com¬
(Our usual comprehensive tables covering
emissions for the month of September were
Union
Net Issued
1948 to
Financing,
tion
Company and
'
1943
1669
FINANCING
11-15
90c
11-15
11-
5
$1%
11-15
11-
5
1
..
1670
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
-
Name of
Company
Share
Grcvhound Corp., common (quar.
--A
Holdert
Pay'ble
Per
of Rec.
12-21
12-10
12-21
12-10
13*40
12-21
12-10
$ilA
12-28
12-14
25c
12-10
11-19
50c
12-10
11-19
25c*
12-
1
11-15 1
50c
12-
1
11-15
10c
12-
1
11-15
50c
preferred (qu&r.)_„_l___-._~_.-__.-___
1'2-
1
11-15'
1
11-15
When
share
Name of Company
,
25c
25c
Extra
5Va'in
When
Payable
&
Western
Brewery (irregular)-
Gulf
Oil (quar.)—
Special .A—..
Hale
Brothers
Hancock Oil
;
:
.
—
Stores
(quar.)
,
Co., class, A (quar,)—-————,
Extra
/
Class B
(quar.)————'
Extra
_
Hawaiian Elec. Co.,
12-
10-15
10-
75c
pfd. B (quar.)
pfd. (quar. )_„
G'4
10c
25c
10-30
,
£—
Hibbard Spencer, Bartlett & Co.
(monthly) —
12'/2
preferred A (quar.)
Rochester Gas & Electric, b'U pfd. E ,(quar.)
preferred D (quar.
Roos Brothers, $6Va preferred
(quar.)
■
5
&
Steel,
common
Paul Fire & Marine
Ex trn
Insurance
Hooker
Finance
&
Thrift
Electrochemical
Home
(quar.
(quar.)—
Quart erly
Ironer,
7'7c.
4
10-21
9-30
0-20
11-30
11-
11-
:
$5
1
10-22
:
10-20
10-
15c
11-
10-21
75c
11-15
1
11-
11-15
11-
40C
11-10
62 V2 C
12-
12-
11-20
5
1
'■
10-15
20c
11-
1
10-15
10-25
10-25
Knickerbocker
&
Co.,
Fund
(quar.)
common
11-
6
10-30
12-15
11-
11-24
11-15
11-24
11-15
37¥aC
12-14
Life
Savers Corp.
10-30
12-14
11-29
Trane
11-10
25c
A"
9
9-28
Bldg. Association,
Company, common
1
11-15
1
2-15
American
3-
1
2-15
American
12-
1
11-15
Liggett & Myers Tobacco,
10-27
$6
1st
1
11-
1
IT.
S.
Fire
1
11-
1
U.
S.
B
75c
(quar.)__
common
(quar.)
12-
:■
Corp.
(quar..)———A,
/_£___ A—_
;A—_
Extra '
11-12
12-
1
11-12
(quar.)—
common
Extra
11-30
11-10
11-10
1-
3
12-11
'25c
•
AA;
1-3
12-11
(quar.)
1
11-
2
White
1
11-
2
Theatre
725c
12-
1
11-
12-
1
11-
11-
1
10-23
11-
1
10-23
A-Ai
——
(quar.
Angeles Investment (resumed)—,
Lukens Steel
—A
,£_
12-
5
11-15
11-
11-
10-19
$2
—__
50c
—
-
'
&
Bonding & Insurance
Frank
___
$1
non-cuni.
prior preferred
(irregular)—
Middle West Corp. (irregular)—
Midwest Oil Co. (s-a)
8r/o
30c
8IV2C
preferred
Corp.
12-1.5
11-10
3
11-
1
10-20
11-5
10-28
Montreal Cottons, Ltd., common
7A
preferred (quar.)
11-20
37 Vac
12-15
11-15
8
12-15
11-15
50c
10-26
10-18
50c
12-12
12-
$1
12-17
11-19
2
7$1
12-15
11-15
7$ 1*4
12-15
11-15
75c
$2
11-15
11-
1
11-
10-25
11-
1
10-25
$1
Mortgage Corp. of Nova Scotia (quar.)——
Fuel Supply (irregular)—.
1
40c
11-
1
__.
10-15
(s-a)
$ 11'4
11-
1
10-23
30c.
4
Mountain
12-
8
11-17
25c
Nashua
Mfg., common (year end)
preferred (extra)
$1 VA
80c
12-15
11-25
10-30
10-22
10-30
10-22
(Colo.) Series B_
4c
11-
1
Bearings Metals Corp., com. (quar.)
preferred (quar.)—,
25c
12-
1
11-16
$1*4
11-
1
lf/o
20c
11-
1
Class
5A
B
Naugatuck
Neon
£—■—_£A.
Water
Co.
(s-a)
vtc.
50c
North American Oil
Consolidated
Northwest Bancorporation
Noyes (Charles F.), 6</<>
Sl'/a
class
Oil
Extra
10-15
11-
10-15
AA
Extra
10-26
11-10
11-1
10-20
preferred
(quar.)
25c
12-15
10-19
10-29
10-19
12-
11-
10c
10-30
1
1
10-20
11-
11-15
10-30
11-
1
10-20
$1%
vtc..!
10-20
11-19
50c
11-
1
10-20
$2
11-
1
10-25
Sl'/a
RR. gtd. (s-a)
(accum.)
A
10-30
75c
_A
(irregular)
common
S3
35c
__
$3
_
.1—
2
12-10
11-
11-
1
10-20
12-31
12-20
6A
7%
8%
Central
preferred
preferred
1
87c
11-
1
10-20
72c
12-
1
11-15
'
__A
tic
11-10
10-25
(quar.)
Nat'l
Bank
Corn
Exchange Bank & Trust Co.
Quarterly
:
2
12-21
11-
1
10-23
.
11-
1
(quar.)
11-
t$2
10-15
12-31
Beech
11-15
10-30
Best
(quar.)
SI
1-1-44
12-44
(Cincinnati, O.) (quar.)__
National Bank (Jersey
City) (quar.)__
Nat'l Bank (Memphis, Tenn.)
(quar.)
National Bank (Portland, Ore.)
(quar.)
First
$iy2
12-30
12-20
$1
12-31
12-23
$3
1-1-44
Nat'l
First
First
Bank
First
Union
(Chicago)
Trust
Co.
Trust Co.
(quar.)
(quar.)
(Cinn.)
Bank
40c
National
First
Natl.
Bank
Bank
20c
11-
1
11-
1
10-25
50c
11-
1
10-25
——i,;
Monthly
—
-7
'
—
&
Trust
Co.
Nat'l
(Macon, Ga,)
Bank
&
Trust
Co.
—
(quar.)
preferred (quar.)
__——
Nat'l Bank
12-31
11-29
11-
10-21
12-10
12-10
10-18
25c
—_
1
(Wichita, Kan.)
31'Ac
Sl'A
(quar.)_
National
Bank
Trust
(Providence, R. L)
Lincoln Alliance Bk. & Trust
Common
Trust
Marine
National
Louis)
$2
12-21
Cadwell
Exchange
Quarterly
12-31
:
Bank
Common
Miners
Nat'l
(Mihv.)
i—
of
Pottsville, Pa.
(quar.)
Munsey Trust Co. (Wash, D. C.) (quar.)
Extra
National
11-
1
10-20
12-15
12-15
1
(Chambersburg, Pa.)
(quar.)
Savings Bank & Trust (Wash., D. C.)—
Quarterly:
Security Bank (Chicago)
Nat'l
Bank
Puget Sound Nat'l
(quai\)__
(quar.)_
(Seattle, Wash.)
Bank
Royal Bank of Canada
G'/o
'•
-
12-14
12-10
11-
10-20
1
11-
1
10-20
1
10-20
11-
2
10-20
40c
1- 3-< i 12-18
40c
A
(Tacoma) (quar,)__
(quar.,
10-30
12-31
12-24
$1
1-3-44
12-24
1-3-44
25c
12-31
Electric
$8
12-21 j
$2
.11-1,
10-23
|
12-28
»
10-15
11-
1
,12-31
12-31
25c
12-30
12-24
$20
11-
10-20
+$1V2,
12-
1
1
10-30
11-
1
10-15
11-
L
10-13
$1
1
10-5.
1
10-
10-15
10-30
10-15
50c
7
$1%
12-
10-29
1
10-28
10-18
10-25
11-
1
10-15
11-. 1
10-15
10-25
•
10-15
11-. 1
9-30
10-30
10-15
10-30
50c
10-15
11-
1
10-
11-20
,
9
10-29
'
'
i$l
10-14
11-
10-21
$1V4
•
12-1
50c,
:
(irreg.)_
11-
1
11-
1
20c
(quar.)S1 V^t
common..^
1
10-21
10-
4
12-15
•
11-19
11-
10-15
1
Ltd.—
Oil
1
1
11-15
12-
1
11-15
$1.75
11-
1
10-15
"77
'
737c
1111-
1
7$lJ/2
75c
(quar.)__
37V2c
62V2c
(s-a)_
50c
Forgings, class A (quar.)
.
1
720c
_!____££
(quar.)_______
$3 pfd. (quar.)__
11-15
11-20
(quar.)_„_£__
preferred
10-15
9-30
9*30
ll-.l
10-
11-
10-15*
1
11-15
8
10-30
11-15
10-30
11-
10-15
1
737 V2c
12-16
12-
l'
i$iy2
12-16
12-
1'
$15c
10-25
'
$$1V'4
750c
737,/2c..
JSlVi
12-
9-20'
1
10-30
10-30
11-
9-25
1
10-11.
11-1
10-11
750c
:
1-
2
11-30'
7$1.30
11-
l
10-
10-30
9-30
10-30
9-30
Ltd.—
1
74c
11-
1
74c
'
11-
1
710c
10-15"
10-15"
11*. 1
10-
5
1
725c
11-15
11-
12'Ac
Corp., common.£
preferred
10-29
10-14,
25c
10-29
10-14
—
•
Aguirre Associates
(extra)___
$1
Gas & Electric,
corn., (quar.)
pfd. (quar.)__
Central Power & Light Co.* G'/o pfd.
(qitar.)_
7 %
preferred (quarterly)
Century Ribbon Mills,-.7% pfd. (quar.)___iCcrro de Pasco
Copper Corp..
Power, 5%
17c
11-10
11-
10-30
1
9-30
$1(4
11-1
10-11'
$1.50
11-1
10-15
$1.75
$1%.
$1
11-1,
10-15
12-
1
11-
1
11-20'
10-16 i
Corp.—
(quar.)
1'
7$lJ/4
7$l>/4
s.
____£
Corp., Ltd. (quar.)
(quarterly) ______________
-
$1%
_____
Champion Paper & Fibre, comnion (quar.)__
Gr/o preferred (quar.)
Chesapeake & Ohio Ry.—
(l/10th share of
preference for each
1212-
^
1st pfd,
Chain Store Investment
40c
Sl'A
•
:
Celotex
Stock dividend
10-25
11-15
221/2c
fC2,/2c
(qua-r.)_
Investors
preferred
10-21
10-11
,
25c
Investment Fund,
Central New York
10-15
1
1
'
■
________
com.
—
Cos.
1
11-10
______77^^£7_i._-:_7£_',77i£:,
Power,
Canadian
$6V2
11-
11-
.
25c
.
'
*
-
(s-a
Class-' B
5/o
10-25
75c
(quar.)
shares
10-29
1
30c
Common
Canadian
1-15
10-20
11-
(quar.) 7
:
(interim)
Canadian Industries, class A
...
11-
11-10
11-26
11-
50c
Canadian Food Products
(quar.)
;___
Canadian Foreign Investment Corp.—
*./
Central Hudson
1-1-44
"
.
t$l%
______.
Power, com. (quar.)
Canadian Bakeries, 5% partic.
pfd. (quar.)
Canadian Converters Ltd.
(quar.)___
Canadian Bronze Co., com.
(quar.)
preferred
12-15
$1 '/a
Canada Northern
Central
t
$1
$l1/2
.
31lAc
_7__J___£.£:;'7
Insurance Assoc.
12-31
12-11
10-16
.
___________
Fire
12-24
|
10-16'
11-15
25c
(quar.)_
Canadian
11-15
11-15
7c
Packing Corp., common
preferred (quarterly).
Special
$1.13
50c
(quar.)
(quar.)
Ordinary shares (quttr.)___.
50c
12-21
15c
'
,
(Holding)
Mills,
preferred
5Yo
11-
12-15
40c
Canada Foundries &
Class B
9-30
10-13*
10-20
12-21
$3
(quar.,
Wireless
Camden
11-
li- 1
10-28
St
10c
(quar.)
10-20
1
25c
Bank
Metropolitan Bk. (Wash., D. C.) (extra)
$1 Yh
(quar.16c
preference
Linen
8
11-10
$1
California
—
.
(quar.)
Bank
Co,
Calgary Power, G'/o
11-
12- 1
62>/2c
12-21
25c
.___^
T
&
5'/2 (Jo
50c
(quar.)
(quar.)__
$15c
:
12-31
37,/2c
preferred
(St.
10-15
10-
(quar.)_____„_-_________7Co., I'h pfd. (quar.)___
Byers (A.M.)
;
{quarterly)
convertible
Lindell
40c
(quar.)
(Rochester, NY)
1
1
preferred
10-31
''
v*
z—_
—
1111-
Paper, class A (quar.)__
X25c
$17;
(quar.40c
Inc..
Extra
''V.'*. V,1'.
'7:
(Chicago)-—
Quarterly
t$2
:
$1'A
(quar.)
1
11-
10-20
A68%c
(irregular)
Burlington Mills Corp.,
2nd
25c
Rhode Island Hospital Trust
(quar.)_
1
1
Corp., Ltd., 57» pfd. (quar.)__
Co., class A (quar,$1
California
Imperial Bank of Canada (quar.)
Industrial
12-17
12-17
& Savs. Bank of San Diego—
Common
Industrial
:
Cable
$2
_______—
11-29
Sl'4
11-
«Sf
preferred
5Yo
______
Quarterly
Newton Trust Co. (Mass.)
11-15
SI1,'4
Brooklyn Union
Buckeye Pipe Line Co.
(Montclair,
'
11-15
12-31
10-18
Ribbon
Fund,
Bk. & Trust Co. (Oklahoma City)—
National
12-15
12-20
1
Co.,
Power
Edison
—
20c
(quarterly)
Co.
Company
Class B
5r.'o
12-24
70c
_______
11-15
Si'4
1
3
Broadway Department Stores,
12-24
5c
Bk.
First Natl.
4'fo
1-2-44
5
1-
Bullock's Inc.. 5%. preferred
______!
Quarterly
5 (/o
11-24
1-2-44
10-15
11-
Brazilian Traction
Light & Power—
■£■ Ordinary, (interim)
£.
11-24
$1
10-8
11-
convertible
Aircraft
&
Boston
(Tamaqua, Pa.)
Quarterly
Fourth
1
1
50c
—
First National Bank
J.)
1212-
—_——^—
Extra
First
$1
50c
.
Extra
1L-
1
50c
(Monthly)__
H.)
Boston
Extra
11-30
10-30
11-
50c
(s-a)________■
Mills
(W.
Bon-Ami
•
(Palm Beach)—
Monthly
Natl.
Blue
10-15
__________
$2V2
11-13
1
8IV2C
Bloomingdale Brothers
12-29
•
3.
10-22.
12-
50c
Birtman Electric Co., common
(quar.)_£„£__
$7 preferred .(quarterly)__7.__-£__7£___7„_
12-22
(quar.)
Pa.)
12-
11-15
$1.75
:
Bathurst
12-26
1
(San Jcse)
(Scranton,
First Nat'l Bank
First
1-
12-22
—$1
First
Nat'l
Barber
1-3-44
Third
11-15
12 -15
$1
Mills, common (quar.)
preferred (s-a)____
4%. preferred
$2
National
Fidelity-Philadelphia
10-20;
10-20 ;
11-5
(quar )
Paper Mills, commonJ
£
G'/o preferred, (quarterly)
Bangor Hydro-Electric Co., common
12-24
li-
10-20
11-1
30c
Badger
10-22
12-30
40c
ll- 1
8:
Zinc Lead & Smelting Co.—
Babcock-Wilcox
12-24
l
10-20
_______________________
(quar.)
Oil Corp.
Sl'/z
Drovers
11-15
12-15
'O'A
i
12-15
$134.
Quincy Market Cold Storage &
Warehouse—
5'v
preferred (quar.),
9-30
1-3-44
60c,:
10-14*
1
' 11-1
50c
;
■
11-25
11-
1
11-
30c
common
1
11-
$1.75
(quarterly)Bottle,
'
•:
10-11
11-15
^
common
25c
ll-
1
1-
1
____
12-
1
.
10-15
12-10
$ll/2
new
11-24'
.
12-15
3*4'/a
held)_____
•
10-22*
1
12-
$2J.i
Cotton
Avondale
50c
1
11-
Ault&Wiborg Proprietary, 5'/2% pfd. (quar.)
—
(quar.)__.
N.
1-
$1
—
(N. Y.)
Dallas National Bank
(Dallas, Tex.)
Dominion Bank of Canada
Pacific
pfd. (quar.M
30c
11-15
(s-a)
$2Va
11-22
£
*__'■'■ 15c
12-10
$2.50 prior preference
(quar.)_£______^_£_!
621Ac..v, 2- 1
Atlas Powder Co., b'/o conv.
pfd, (quar.)___
$1V4
11- 1
Atchison Topeka & Saute F*e
Ry. Co.______
$1.50
12-1
Atlantic Refining, Co.—
10-30
(Richmond, Va.) (quar.)
12-15
$2
-
—
(Toronto)
1
7
■£.:7-7:;.■ ".-7.
37'/ac
or
Atlantic Coast Line RR., ,5'A
pfd.
Atlantic Rayon Corp., common
:
11-15
J$lVa
$1'4
$1*4
Public Service Elec. &
Gas, $5
7vk preferred (quar.)
7
10-15
(quar.)
(quar.)
Y.)
1
50c
—
(monthly)
Arcade
of Rec.
12-1
10-20
:
41/2'A preferred (quarterly)-.
Appleton Coi;( ifregular)
Holder «
11-15
12-15
11-
-
'
Extra
40c
12-30
;,
convertible
Argo
10-30
Nat'l
of New Jersey—
preferred (quar.)
preefrred (quar.)—
(N.
Commerce
11-15
10-19
$5
j
of
When
Payable
$3Vi}
(quar.)__
12-
10-20
Public Service Corp.
Per
12-151
75c
1928
prior preferred (accum,)__
Telephone Co.—
preferred (quar.)
Anglo-Canadian Telephone, class A (quar.)__
Appalachian Electric Power—
the
%2Vz
(Conn.)
of
Ltd.—
$1.25 preferred
(tiuar.)______£_____7____£
Atlantic City Electric, $6
pfd. (quar.)______
Share
(quar.)_
12-30
Light Corp.—
5Y2V0
Companies
Mercantile Nat'l Bank (Dallas)
(quarterly)—
1
&
11-19
12-15
35c
(quarterly)__7_—2-~7~_
Co.
10-15*
1
25c
(quar.)_.W_
preferred (quarterly)________________
$5
' \
Merchants Natl. Bank & Trust
(Syracuse)—
10-29
A
'in
12-
12-30
Anglo-American
4
pijevioui
•
10-30
11-
Mines—,
12-
Thermos
5'A
11-20
1
week, these being given
10-26
20c
Ltd. (irregular)
this
11-15
75c
_
1-
Stove
American
The list does not include divi¬
11-15
$1
(accum.)—
12-15
:
10-30
$1
American Viscose Corp., common
10-22
50c
50c
50c
'
News
Preferred
11-20
25C
Poliak Manufacturing Co.
(irregular)
Powell Rouyn Gold
Bank
2
Portland Gas & Coke, 6%
TJo preferred (accum.)_
Privateer Mines,
1
20c
___.
Corp. (Los Angeles)
pid.
12-
60c
1—
(s-a)
American
12-11
50c
(quar.)
Quarterly
11-13
10-29
783
—
preferred
Peninsular Grinding Wheel (irregular)
Pioneer Securities
11-13
10c
Light, $6 pid. (quar.):
Corp.,
12-15
5c
(s-a)
Cement
10-30
10c
—
i
1
10-29
$1%
12-15
7_
American
10-29
Boatmen's Nat'l Bank of St. Louis
First Natl. Tr,
11-15
25c
;•
—
Passaic & Delaware Extension
Peerless
5
$l3/a
Outboard Marine & Mfg.
(year end)—
Owens-Illinois Glass
preferred
10-22
11-
s
Peabody Coal, 6%
Peerless Casualty,
1
22 V2 C
A_,
Pacific Power &
11-1
11-
11-26
—
——————;
—_
11-15
15c
preferred (quar.)
(accum.),
$2
1
'25c
._
6A
11-1
$l'/a
(quar.)
1-
4
Extra
-
Olympia Brewing, common (irregular)—
G'/o non-cum. partic. preferred
(irreg.')-.
Ontario & Quebec Ry.
(s-a)—__
Oswego Fails Corp. (quar.)
A-*.—
A
7A
10-20
7$1 Va
O'Connor Moffat & Co.—
■
1
Products of Western Canada—
(Hi'
preferred (s-a)_
*
Neptune Meter Co., 8% pfd. (quar.)
;
New England Water
Light & Power Assn.—
6r;o
preferred (quar.)
Ohio
11-
50c
(irregular)—,
1*
11-13
& Trust
Monthly
common
preferred class A
12-11
*
Bronxville Trust Co.
10-20
National Food Products—
Toronto
Canadian
10-10
National
12-27 J
11-
v.'
10-15
—
Nation-Wide Securities Co.
10-18
SI
SI
Name of Company
Amsterdam City Nat'l Bank (N.
Y.)
Fifth
—
10-18
11-
II
10-
12-31
'$2l/2
Power
5*7/: preferred
10-21*
$1%
Co. {bi-monthly)
7'« pfd,: (quar.)
Safety Razor
American Ship Building-.
American Smelting & Refining Co.—
Common
(irregular)
:i._
1% 1st preferred (quar.)_
'
30c
Bank and Trust
Rock Bank
12-15
(quar.)—
1
1
12-15
end)_„—_7____
Associated Telephone Co.,
of
10-21
gtd. (s-a)
Morris Plan Bank of Cleveland
(quar.)
Morris Plan Co. of Rhode Island
1
(quar.
announced
Bank
30c
A
11-
11-20
1
12-31
(quarterly)
(year
cash)
American
10-21
$7
11-
11-
12-18
50c
American
10-12
1
11-
30c
preceding table.
Black
10-
Morris & Essex Extension RR.
1st
dends
1
10-21
(quar.)—
10-25
11-
give the dividends announced in
11-
1
participating preferred (quar.)—
Mountain Producers Corp.
we
10-20
1
Moody's Investors Service—
$3
Below
11-15
1
_
5c
Sl'A
12-29
JSl'A
(quar.)
American Paper Goods Co.,
10-20
12-
4c
(year end)
12-10
(irregular)
Co. (irreg.
weeks and not yet paid.
10-29
11-1
11-
(s-a)
10-20
•
10-30
11-
__
Mission
10-25
3
10-15
Reclaiming (quar.)——£.
Hart, $1 prior preferred
&
1
1-
30c
Midwest Rubber
Miller
5
25c
A—A
1
12-20
Yosemit.e
11-
$1%
——
11-
45C
Park & Curry Co.
(resumed)
Youngstown Sheet & Tube, common
5'.2"o preferred A (quar.)
15c
■
11-19
$1*4
Dental Mfg.
Stores, Inc.
Wurlitzer (Rudolph)
60C
(quar.)—AA
i
—AaJAA'
1
(quar,)
'
(quar.)
Co.
(quar.)
Metropolitan Storage Warehouse, (irreg.)—_
Michigan Bakeries, 7% pfd. (quar.)
Common
30c
10-15
.
Aiwt;
2 l a'
.
-
Marine
11-
1
11-
$3
:-V
Ordinary registered (interim)—
Bancorporation, initial stock (quar.)
Fully participating stock, (quar.)__
11-15
$1
___
1
5
11-
Sl'/a
One share for each five shares held
Marconi Int'l Marine Communication
Co., Ltd.
S.)
1
10-18
12-
10-15^
Envelope Co.,; 7% pfd, A (quar.)
SPA
Export Lines, 5^ pfd. (quar.)___
Sl'A
American Home Products Corp.
(monthly20c
American Light & Traction, common
(quar.)
30c
G'/r preferred (quar.)_
371Ac
American-Marietta Co.; class A com. (s-a )„_
Si
11-22
1
.
preferred (quar.)
(S.
11-
1
775c
)
in
10-30
11-15
7 (,o
11-15
1211-
10-22
1
American
3
75c
11-20
25c
—a
Luther Mfg. Co
Lynch Corp. (quar. )_££——A—A
Lyon Metal Products, 6'/> partic. pfd. (quar.)
Lyons-Magnus, Inc., partic. class A (accum.)
Lynchburg & Abingdon Telegraph Co, (s-a)
Mallory (P. R.) & Co. (stock dividend)—,
Massachusetts
2
50c
Lunkenheimer Co.
Meier
2
50c
Co
Insurance
Wieboldt
1-15
15c
_
Fire
11-
1
American
:10-18
50c
:
10c
2-
10c
Loew's Boston
•
10-25
11-15
SIVa
(quar.)
Maryland Rwy., 1st pfd. (accum. )__
Whitaker Paper, common
(quar.)___~__^_„_
12-
1
10-25
10-20
10-18-
11-
11-
(quar,)—
$3 conv. class A opt. div; series
7 (l/64th share of class B stock
10-30
7$1
Extra
12-
712 y2c
Los
Westchester
725c
(quar.)
5
11-10
Western
$1V8
'
class A
—__
11-
12 "a c
Machinery (irregular)
United Steel
Corp.,Ltd., 6% class A pref. (s-a
Van Norman Co.
(year end)
Walker & Co., class B_„
Walker Mfg.
(Wise,), $3 pfd. (accum.)_.
712'/a C
Loblaw Groceterias Co., Ltd.,
B
11-30
25c
*
preferred A (quar. i
Class
15c
35c
_
Extra
11-12
11-12
1
'
Liquid Carbonic Corp.,
4 fa ft
1
12-
75c
50c
Lionel
1
1*2-
50c
—AA—
(quar.)
■
11-15
70c
50c
•'£'
Hoffman
Insurance
11-20
Co.
Cities
10-25
—
Corp.
Line
Can
American
12-20
50c
pfd.
common
Co. (irregular)
Bakeries, class A (quar.)_____
American
11-1
10-22
3
SlMs
Arch
Barge
1
1-
Sl'A
Class B (year end)
11-10
20c
....
Petroleum
American
11-18
1
12-13
5c
1212-
1
11-15
12-
10c
preferred (quar.)___
40c
,
Class
Ltd.
8-31
11-
Companies
Extra
10-20
1
12-
Amerada
10-13.
12-22.
$2
,
9-15
11-
Sl'/a
Extra.
70C
._
Manufacturers,
1(,'o preferred (quar.)__
12-15.
1
75c
Aloe
11-15
II-
(irreg;)__
•
75c
(irregular50c
(A. S.) Co. (quar.)____.._
Aluminum Co. of
Canada, 5%
10-20
1-3-44
35c
Inc.
Corp.
Aluminum
3-
25c
Traders
10-
1
9
12-
(quar.)
Thompson
11-29
20c
(quar.)——
Co.
Taylor-Wharton Iron & Steel (irregular
(J. R.) Co. (irregular)__
11-20
12-14
62 V2 c
preferred (quar.)_
Leece-Neville Co. (irregular)
:
Liberty Aircraft Products (quar.)
12-
50c
12-24
20c
$2.50
11-12
75c
Strawbridge <fe Clothier, 6% prior pfd. (quar.)
Sunray Oil Corp.
Talon, Inc., 4% preferred (s-a)__
10-30
12-15
11- 1
1-3-44
30c
Alabama Power Co., $5 preferred
(quar.)
Alberts Super Markets, G'/o
pfd. (quar.)__..„
6c
Stein
11-20
10-21
Abraham & Straus,
20c
11-10
&
Baltimore (irregular).—
(Portland, Ore.) (quar.).._
Adams-Millis
(irregular)
11-15
(A.)
of
10-21
Standard
11-
15c
$2
10-30
$1'A
1
8c
1
Co.
Bank
•
9-30
12-20',
__
1
2nd
12-
>
11-
7 76-30
—
Industrial and Miscellaneous
12'/2c
11-15
.'wi^rA-Aw--;'
—
11-10
4IV2C
(quar.)
com.
11-15
8c
Leath
1
50c
75c
25c
12-
5
(quar.)
6
Equities Corp.
Standard Stoker Co.
_AA;_—__A—.
10-15
Trust
25c
1
1
1
3-31
7-1-44
,
$2.50 12-21-44
Washington Loan & Trust (D. C.) (quar.)__
Whitney Nat'i Bank (New Orleans) (quar.)
11-19
11;-
Y.)
12-31
10-2-44
_•
Nat'l
37'Ac
11-
$iy2
11-
11-15
12-14
(N.
(Youngstown, O.)
11-
(quar.)
Sl'A
.
U. S.
"Mist Co.
&
Bank
Quarterly
11-
■
.
Union
10-12
Bank
Union Natl.
•
62 '/a C
;
10c
Kendall Co., $6 partic. preferred A
(quar,)—
Klein (D. Einil) (quar.)—'.
10-12
10-18
35c
1
preferred (quar.)
Southwestern Engineering Co.
f
10-18
.Trade
5
25c
(quar.)
11-
.
10-
$iy2:
Greyhound Lines,
1
,
10-26
25c
(year end)__
Extra
6'i'o
11-15
$2
Extra
5
1
11-26
;
11-20,
1-3-44
1 4-1-44
$2.50
$2.50
'
12-28
11-22
•
$2,50
'
10-20
1-3
S2.50
'•
of Rec.
.
$2.50
■
Holdert
IX- 1
'
(special)
10-15
Sl'/a
12-
Bank
$2
common
common
$1*4
National
35c
•
Pulp,
Common
:
Co., common (quar.)
6 A preferred (quar.)—
Kearney & Trecker Corp. (quar.)——;
11-15
__1
10c
Brothers
10-20
1
(quar.)
Southeastern
10-15
$1
(quar.)
common
(Houston)
11-15
12-
Commercial
Quarterly
Quarterly
Quarterly
Quarterly
Quarterly
11-12
1
1
SI
Skelly Oil Co.
67c
1
11-
12-
20c
Pacific Power,
Soundview
12-
$1%
35c
$2.50 preferred (quar.)__
Gold. Mines (quar.
5
1
Texas
$2
Siscoe
9
25c
___
preferred (quar.)—
11-12
Co.
6'/o
preferred (quar.)
Signode Steel Strapping,
11-30
12 Vac
Inc.
Sierra
5
12-10
(quar.)—
10-20
$l'/a
■
Servel,
10-23
I
11-
71c
.
pfd.
common
11-
'
—:
10-29
Scran ton Lace Co.
(year end)
Security Insurance (New Haven) (quar.)
40c
•
International Harvester,
8'/o
1-18
$ 1 Va
Hussman-Ligonier Co. (quar.
Huston (Tom) Peanut, $3 conv.
pfd. (quar.)
Common (quar.)
Idaho Power (initial)
—4—A,
Indianapolis Public Welfare Loan Assoc.—
Kabie
12-14
1-28
Co.
(year end)—
Howey Gold Mines, Ltd. (interim).
Hub Loan, 5% preferred
(quur.)
Ironrite
12-24
30c
(Joseph), G'/o preferred (quar.)———;
Hotels Statler
Scott en
15c
Honolulu
11-16.
75c
South
(quar.)
0-30
11-26
15c
Ilollinger Consolidated Gold Mines--
10-20
15c
10-11
Dillon
When
Payable
10-29
12-
i
c
/
Per
share
..
10-20
SI'4
S2Vz convertible preferred (quar.)
Ryan Aeronautical Co. (year end
Saginaw & Manistee Lumber, 7%> pfd. (quar.)
St.
■'•'7-7^^7;;
Company
10-29
15c
15c
:
—
Name of
Royal Trust (Montreal) (quar.)
$80c
Seattle-Fir.st/National Bank (quar.40c
$l»/a
(quar.)
Extra
:
:
10-28
v.
—
Ltd., 5'A
Hearn Department Stores,
Hovbrand Corp. (initial)
of Rec.
25c.
Extra
GG
Rustless Iron
,7;.-■
■
15c
(quar.)
.
Grie.sedieck
i
Railway & Light Securities (Del.)—
Common
Monday, October 25, 1943
Holdert
11-
l
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4223
158
Volume
Per
When * Holders
per
Name 0/ Company
Quarterly
Quarterly
25c 10-14-44 9-14-44
Quarterly
preferred (quar.)—..
5%
$1'A
——
Cleveland Cincinnati Chicago & St. Louis Ry—
Clinchfield Coal,
——
11-27
11-15
....
.
Confederation Life Association (Ontario)
Quarterly
11-15
-
12-24
$1.25 :. 11- 1
preferred (quar.)
$1.87'A
11-1
Consolidated Royalty Oil Co., common
r •
5c
10-25
Container Corp.' of America.
75c
11-20
Continental Telephone, 6'A % pfd. (quar,)..
$1%
1-3-44
7% participating preferred (quar.).$1%
1-3-44
Coos Bay Lumber Co. (initial)
$1-11-15
Corn Products Refining) common (quar.)
65c
10-25
(irregular)
v;
11-15
-
—n
11-15
preferred (quar.)
——,
Davenport Water, 5%
Davidson Bros,, Inc
pfd. (quar.).—. >
.
(quarterly)
$2 preferred class A
Mfg. debenture stock (quar.)—.—
convertible prior preferred (quar.)
Diamond Alkali Co^—
participating preferred (s-a)
Diamond Shoe Corp. <irreg.
Distillers Corp.-Seagrams, Ltd.—V
'
:.A
Canadian tax)
'
(quar.)
———
Fabrics, common (quar.)—......
cumulative 1st redeemable pref. (quar.)
cumulative preferred
2nd
Extra
(quar.)...
Linoleum Co.
Oilcloth &
Dominion
>
Tar & Chemical,
(quar.).
;
.
11- 1
Boat
9-29
10- 1
10-16
$6
—
...
——
—
——
——
Eureka
Pipe Line Co.——————
12- 3
11-18
12- 3
11-1
H- 1
11-1
11-1
10-30
1-3
1- 3
1-3
12-1
11-18
10- 6
10-6
10-20
$1
preferred (quar.)__z
Elmira & Williamsport RR (s-a)
Employers Casualty Co. (Dallas)
(quar,)..
Employers Group Associates (quarterly)——
Engineers Public Service, $5 pfd. (quar.)
$5',i preferred (quar,)..^..—
$6 preferred (quar.)
Erie Railroad. $5 preferred (quar.)
10- 8
10-22
10- 4
11-10
25c
$1'A
SlVa
$1.14
30c
25c
$114
$1%
Sl'/a
$1.25
Electric Bond & Share Corp., $5 pfd. (quar.)
10-25
11-1
10-15
12-1
50c
'•Special
11-1
1- 3
10-15*
Falstaff
(quarterly)
Brewing,
common
12-20
10-15
10-20
10-20
11- 1
10-16*
$lVa
(quar.)—15c
11- 1
11-29
10-16v
11-15
,15c
11-29
3c
$1 'A
4-1
12-20
1-1
4- 1
12-31
12-31
11-15
3-18
—
preferred
10-16
12-14
12-14
12-14
11-20
10-30
11- 1
11- 1
Eversharp, Inc., 5% preferred (quar.)—...25c
Exchange Buffet Corp. (irregular)—10c
Faber Coe & Gregg, 1% pfd. (quar.)
$1%
Fair (The), 1r,c preferred (accum.)~
$3V2
Fairbanks Co.. common
10c
6</e
9-30
10-16
10-16
10-16
9-29
25c
J25c
"
—
■
y
'
■
Extra
preferred
6^
Fansteel
Farmers
5
:
:
———
pfd.
(quar.).——
& Traders Life Insurance Co. (quar. )
Quarterly
$2.50
$2.50
25c
75c
25c
37(Ac
$1.06V4
——————————
—
Bake Shops,
Federal
-
;
(s-a) —
Metallurgical, $5
common
(quar.)——_
preferred
(s-a) —————
Federal Electric, $ll/a class A
—
Federated Department Stores,
4W'o
-
cum.
&
Feltman
conv;
preferred
com.
(irreg.)
_
(quar.)—-—
•
11-10
10-30
10-30
Curme Shoe Stores—
Fibreboard Products Inc., 6r;b
11- 1
11- 1
Field
(accum.)—$4
pr. pfd. (quar.)
$1.50
(Marshall) & Co. (quarterly)—
20c
Filene's (Wm.i Sons, common (quar.)
25c
434r/n preferred (quar.)——
$1.1834
fire Association "of Philadelphia (s-a)——
$1
10-31
to
$3.50
$7
preferred
Extra
Foods
11- l
cony,
1
11-15
12-1
11-15
11- 1
11-10
11- 1
11-1
10-12
10-20
10-15
10-15
12-10
12-10
12-10
12-
12-21
12-21
12-21
11-1
11-16
12-20
10-15
11-15
11-1*
12-1
12-30
12- 7
9-24
10-30
9-29
11- 1
(quar.),,
Corp.
11-30
11- 1
11-1
11- 1
50c
40c
$1'A
25c
i$1.50
J$1.50
(quar.),,
11-1
11- 1
(quar.)—
;
40c
11-1
11-15
10-11
10-25
No
sued.
Instead
$1.07
for
stock
2nd preferred
(quar.),,
Light, $6 pfd. (quar.)
Co.
(Kentucky)
Electric
stockholders
each
share
dividend
10-14
12-14
12-1
10-15
10-20
1
10-20
11- 6
12-15
10-21
10-25
12-10
12-10
10-15
11-24
11-24
12-1
11-20
12-1
1-15
1-15
11-1
11-20
9-30
9-30
10-16*
11-
10-16*
1
10-16
10-15
11- 1
11- 1
$2
$1'A
$1%
preferred (quar,)__
Gas & Elec.—
$1.62V2
1-3-44
preferred (quar.)
& Co., 6% preferred (quar.)__
$1.31 V4
11- 1
$1'A
9-30
10-15;
12-24
11-15
11-15
Lumbermen's Insurance (Phila.)
(s-a)
;
Lunkenheimer Co., 6Vz%
(I.)
10-15
11- 5;
McCall Corp.
,
Telephone, common (quar.)__
preferred (s-a) "
.____
(quar.)
(quar.)-.^--,^.,
(irreguiar)
Merchants Refrigerating'Co;, 7%
I'ib, preferred
10-18
hdld,
will
5%
1st
pfd.
pfd.______
11-25
10-30
10-15
50c
10-30
10-15
10-15
11-
10-20
is¬
receive
which
upon
(quar.)
25c
.
1
of America—
preferred (quar.)_
Narragansett Electric Co., 4'A%
$l»/a
pfd. (quar.)
56V4C
(s-a)
National Auto Fibres 6%
National Battery Co
$2'A
pfd. (quar.)
conv.
15c
_
50c
12-28
12-16
11-1
10-15
11-
1
10-13
12-1
11-10
11-
10-21
1
National
Casket,
National
Chemical &
(quarterly)
National City Lines, class A (quarterly)
$3 convertible preferred (quar.)
National
Distillers
National
Electric
(quarterly)-—_
Machine (quar.)
2c
10-30
10-20
National Erie, 5% non-cum. 1st pfd. (s-a)__
3% non-cum. 2nd preferred (s-a)____—
$2V2
12-20
12-
1
$1'A
12-20
12-
1
National
$i'A
11-
1
10-22
$l'/2
11-
1
10-15
133Ac
11-
Lead,
(irregular)
common
50c
Products
Welding
1
10-15
11-
I'¬
50c
preferred B (quar.)__i_
National Power & Light, $6 pfd. (quar.)—__
National Tea, 5'Afo preferred
(quarterly)—
Neisner Brothers, Inc.—
4%% converible preferred (quar.)
Newberry (J. J.) Co., 5% pfd. A (quar.),.—
Newberry (J. J.) Realty Co.—
6'A?e
preferred A (quar.)
10-29
11-
50c
75c
6%
11-15
10c
.
Mfg.
11-1
ll- 1
10-16
10-16
10-15*
1
10-14
11-1
10-15
$1V4
12-
1
11-16
$1%
11-
1
10-16
(quar.$iva
11-
1
10-16
11-
1
10-22
prior lien preferred (accum.)___
75c
$7 prior lien preferred
(accum.87'Ac
Newport News Shipbuilding & Dry Dock—
$5 convertible preferred (quar.)—_______
$1'A
12-15
11-30
12-15
11-30
11-1
10-15
New Process
10-20
6%
preferred
B
$1.183A
England Fund ctfs. of bene. int. (quar.)
New England Public Service Co.—
15c
$6
.
Co., common_j(
preferred (quar.),:
:
7%
New
York
Merchandise
Co.,
Hundred
Class A
6%
convertible
preferred
Oliver
7%
10-15
11-
10-15
10-25
9-30
$iVa
10-30
10-14
11-
1
10-15
1-
3
.12-15
50c
(quar.)—
87'Ac
20c
10-30
'
2{tc
10-30
10-15
$1.25
10-30
10-15
.
(quar.)
class
A
9-30
'
t$l34
(quar.)—
10-15
12-
1
11-
1
10-18
11-
1
10-18
50c
11-1
10-20
J$l
______
11-15V
(quarterly)—$iy2
Filters,
1
10-25
(quar.),i__
w_„______
United
?
50c
—
Silknit, Ltd., 7% preferred (accum.)
Steel Products, Ltd., com. (interim)
10-29
11-
1
t25c
10-15
t$l3A
(quar.)
11-15
11-15
10-15
11-1
preferred
Outlet
11-1
$$l'/a
preferred (quarterly)
Ogilvie Flour Mills, 7^- pfd.
Ontario
11-23
ti2c
5%
Ontario
1
10-22
12-10
37'Ac
——■
Co.
11-
11-10
25c
(quar.)_„_
(quar.)
Extra
11-15
10-20
$1
Power, common
Norwalk Tire & Rubber, 7c/o pfd.
Nunn-Bush Shoe Co., common
Okonite
10-20
25c
preferred (quar.)
Extra
11-15
11-1
Corp.—
(quar.)
Ontario
12-1
15c
;
11-1
50c
York Air Brake Co.
11-1
50c
New
50c
$1^
10-21
Co,
Pacific Finance
Corp. of Calif.—
preferred (quar.),—
Pacific Lighting Corp. (quar.)
5%
$1'A
11-1
10-15
75c
11-15
10-20
Pacific Public Service Co., $1.30 pfd. (quar.)
Parke Davis & Co
;
:
32'Ac
11-1
10-15
40c
10-30
10-13
Paymaster Consolidated Mines, Ltd. (interim)
41c
I-10
50c
1-1-44
12-15
35c
11-15
11- 5
35c 2-15-44
2-5-44
11-15
10-15
11-
1
10- 1
12-
1
11-1
Peninsular
Telephone,
$1.40
cumulative
$1.40
cumulative
(quar.)——
(quar.)__
(guar.)
common
class
A
class A
Pennmans
Ltd., common (quarterly)
6cIo
preferred (quarterly)
Pennsylvania Electric Co.—
4.40^
preferred class
B
t75c
t$l'A
(initial)
$1.10
—
5.10% preferred class A (quar.)—
Pennsylvania Power Co., $5 pfd. (quar.)—
Pfeiffer Brewing
;
Philadelphia Co., common.;
12-10
$1 27'A
$iy4
12-1
1
10-15
25c
12-1
11-8
isc
10-25
10-
1
6% preferred (s-a)
$iya
Philadelphia Electric Co., 4.4% pfd. (quar.)
$1.10
Philip Morris (shown under letter M)
Phillips-Jones, 7% preferred (accum.)———
$3'A
Pittsburgh Coal Co., 6% partic. pfd. (accum.)
$1
Pinchin, Johnson & Co., Ltd.—
Ordinary shares (interim)—2'A%
11- 1
10-
1
11-1
10-11
Pollack Paper Box Co., 7% pfd. (quar.)—$13A
Potomac Edison, 6% preferred (quar.)
$1'A
7%
preferred (quar.)
& Gamble Co. (quar.)
Proprietary Mines Ltd.—
—
_
$1 3A
__
Procter
Public Service
Co.
11-
11-
1
11-1
10-20
10-25
10- 9
12-
6
10-14
12-15
12-15
11-
1
10-11
11-
1
10-11
50c
11-15
10-25
J5c
11- 8
K)- 8
of Colorado—
5%
preferred
(monthly)
412Ac
11-
1
10-20
6%
preferred
preferred
(monthly)
50c
21-
1
10-20
58'Ac
11-1
10-20
50c
60c
11-15
10-15
1
10-15
$1.12
11-1
10-20
$1'A
II-30
11-
8c
11-1
10-15.
125c
$3
11-25
10-25
11-
10-20
$1'A
10-25
(monthly)
Public Service Corp.
of N. J.—
6%
preferred (monthly)
Puget Sound Power & Light,
com.
(initial)
11-
Purolator Products Inc.—
(shown under letter "F")
5preferred
10-18
1
6%
7%
10-25
Memphis Natural Gas Co.
1
1
11-
is not paid,
10- 8
37^20
common
12II-
34
be
Northern RR. of New Hampshire
Northwest Engineering Co.,
—
—
Melville Shoe Corp.,
$1
$1'A
10-30
will
11-25
12- 1
1-1-44
11-1
11-1
11-1
•
25c
;•—
Luzerne County
shares
each
$1.50
11-
30c
Co.; common (quar.).,,50c
preferred (quar.
$1.62^
87'Ac
30c
Liquid Carbonic, 4'A% preferred A (quar.)__
Sl'/a
Little Miami RR. Co., special gtd. (quar.),,
50c
Original, capital (quar.)
$1.10,
Longhorn Portland Cement—
5% participating preferred (quar.)
$1'A
Participating
25c
Loomis-Sayles Mutual Fund.,,,,
20c
Loomis-Sayles Second Fund (quarterly)
50c
Loose-Wiles Biscuit Co., common (quar.),,,
25c
5r,b
fractional
for
Northern
9-24
^lVa
held.
share
11-10
10-15
11- 1
1-3-44
12-15
11-15
11-1
6'A%.
5V4%
1
10-28
Liberty Loan Corp., $3V2 preferred (quar.),,
Lincoln Natl. Life Insurance (Ind.)
(quar.)
Marshall Field
of
12-1
37'Ac
$1
25c
t2c
$1V8
Belt
Co.
Common
10-20
1-3-44
'
dividend
10-13
10-16
(quar.)___
Stock
a
11-1
I-3-44
$1.06'A
Extra
•.''.>
9-30
$1.50
25c
10-21*
:
&
11-10
Norfolk & Western Ry., adj. preferred—
North River Insurance Co. (quarterly)Northern Illinois Corp., common,__1
11-1
pfd.
,
$1.06'A
preferred (quar.),—_
Lehigh"Portland Cement Co. com. (quar.),
i'/c
preferred (quar.)
Leighton Industries, class A (irregular)
Leitch Gold Mines (quarterly)
Lerner Stores Corp., 4'A'!<> preferred (quar.)
Gas
11-26
12-1
(quarterly)
11-1
12-1
11-1
50c
10-25
$4,50
10-15
10-15
,
Magnin
& Co.
Nineteen
35c
Corp.,
(John)
—
Louisville
12-1
$2.25
:
10- 4
10- 4
11-15
11- 1
11- 1
12-1
15c
——
10-20
10-20
10-30
10-21
10-21
10-15
11-1
10-18
11- 1
10-20
11-1
10-20
Kaufmann Department Stores Inc. (quar ),
15c
10-28
10-9
Kellogg Switchboard & Supply, common
15c
10-31
10- 5
5 '/o
preferred (quarterly)—
$114
10-31
10- 5
Kentucky Utilities, 7junior pfd. (quar.)—
87'Ac
11-20
11- 1
Kerr-Addison Gold Mines, Ltd. (interim)—
|5c
10-28
9-30
Kingsburg Cotton Oil, common
2c 1-15-44
12-30
Kirkland Lake Gold Mining Co. Ltd. (s-a)_,
f2c
11- 4 ? 10- l
Kokomo Water Works, 6% pfd. (quar.),,$1!A
11-1
10-11
Kroger Grocery & Baking—
7%
2nd preferred (quar.)
$134
11-1
10-15
Landis Machine, common (quar.)
25c
11-15
11- 5
1% preferred (quar.)
——
$13A
12-15
12- 4
Lane Bryant, 7'/o preferred (quarterly),,,,_
$1%
11- l
10-20
Langleys, Ltd., 7% conv. preferred (accum.)
J50c
12-11
12- 3
Lawyers Title Insurance (Va.) —
6%
preferred (s-a
$3
12-31
12-21
Lazarus (F. & R.) & Co. (irregular)
37'Ac
10-25
10-15
Lebanon Valley Gas, 6% pfd. (quar.)—,—
75c
11- 1
10-15
Lee Rubber & Tire,__,
75c
10-26
10-15*
Lord & Taylor, 8%
Louisiana Power &
34%c
$1'A
11- 1
t$1.75
$83/4c
10-20
1
10-9
,
prior
Extra
10-15
__________________
(quar.)______
10-30
11- 1
11-
preferred
11-15
.
preferred (quarterly)
;
1% preferred ($25 par) (quarterly)
International Products Corp. (irregular),,,
Link
11-1
New
7%
Material
10-15
2'Ac
Industrial Society (quar.)___
(Philip) & Co., 4'A(4 pfd. (quar.)__
10-30
International Nickel Co. of Canada—
4'4%
1
Plan
11-15
20c
(s-a),,
Tool
11-
Dry Goods (quar.)
Mutual Chemical Co.
$1.25
preference, class A
preference (quar.),,
Line
R.)
10-20
International Metal lndustrles Ltd.—
conv.
Moore (Wm,
11-1
3'>
Corp., common,,,,
preferred (quar.)i—
10-16
$l»/2
10-11
Munising Paper,
40c
(quar.)
preferred
12-15
12-15
10-30
9-30
10-15
10-15
preferred (quarterly)
$1 y2
preferred (quarterly$1%
Bros. Co., 6%
preferred (quar.)
$1.50
7'fo 1st preferred (quarterly)
$1.75
7%
2nd preferred (quarterly)
$1.75
Hummell-Ross Fibre Corp.—
6% preferred (quar.)——
$1'A
Huttig Sash <fc Boor, 7% preferred (quar.),,
$i3/4
Huyler's, $2 conv. partic. 1st pfd. (accum.)
$1.43
Co.
3
3
J37c
12-1
8%c
,,
1-
1-
10-26
11-10
10-25
11-1
11- 1
,40c
30c
(quar.)
(monthly 1
20c
11-10
10-20
11-15
75c
Baking Co.,,
Common
10-19
Co., $3 conv. pfd. (quar.)__
——
Securities, $3JA pfd.
General Electric Co.-.,—i
.General
10-25
Meadville
11- 1
11- 1
5c
_
Industrial
General
11-25
45c
(quar.)
$1.50
11-1
Morrell
10-15
(quarterly)—
Extra
Gardner-Denver
preferred
(N. Y.)
(quarterly)_A__
12-1
10-25
10-20
Xquarterly)———
———
Common AA
10-15
11-
30c
15c
—
——
Co., class .A
1
20c
——„
Extra
10-15
10-30
10-15
10-15
12-15
12- 1
4'A%
10-20
20c
10-30
.12-1
11- 1
11-1
3
$2
Morris
11-1
preferred
———„
$3V2
25c
$114
1-
$1'A
Morris
11-' 1
——
-
—
•
12-15
$2.25
11- 4
10-29
$6
6%
(s-a)
$1 'A
'
1940
Power, $6 preferred (quarterly) _U
Montreal Light, Heat & Power ConsolidatedQuarterly
Moore Drop Forging Co., class A
iquar.),,_
10-15
11-1
participating preferred (accum.)——
Bridge Works,-—j.—
Franklin Telegraph (s-a)
Froedtert Grain & Malting, com. (quar.)—
Fulton
10-25
11-15
11-15
11-15
3
$1.50
preferred B (s-a)
$4 preferred C (s-a)
10-14
60c
20c
10-25
11-15
1-
Montana
1'
20c
50c
7',b
$1.20
12-11
3-11
12-11
12-11
31- 1
10-19
10-19
-■' V10-2
10-16
10-15
10-20
10-20
10-15
10-15
10-20
Cement—
Fort Pitt
Fuller Brush
12-15
1
Chemical—
lc
25c
$1%
25c
—
preferred (quar.)—
Light & Power, com.
6fo
series
10-18*
12-
(quarterly)$1.75
preferred A
11-15
Howes
,
$4 'A
1
87V2C
Portland
Extra
prior
non-cum.
Zinc
Monsanto
11-15
1 quar.)
——————
(Newark, N. J.) (s-a)—
—
Firemen's Insurance
Florida
11-
(quar.)
35c
11- 1
McClatchy Newspapers, 7%, pfd. (quar.)____
43%c
12- 1
McCrory Stores Corp., 5% pfd, (quar.)_,__
$1 'A
11- 1
McGraw Electric Co.
(quar.)
25c ; 11-1
McGraw-Hill'Publishing Co. (irregular)____
20c
11- 1
Mclntyre Porcupine Mines (quar.)
$55'Ac a 12- 1
Extra (quar.)
t$l.ll
1- 3
McLellan Stores Co., common
20c
11- 1
6% preferred (quar.)
$114
11- 1
Marathon Paper Mills (quar.50c
10-30
Mattiessen & Hegeler Zinc—
1% preferred (accum.)
$7
11-30
May Department Stores____
75c
12- 1
Maytag Co., $3 preferred (accum.)__
75c
11-1
$6 1st preferred (quar.)__—
,
$1JA
11-1
—„,
,
11-
.10-15
—
'
$1.12 Va
15c
9-28
Johnson Ranch Royalty (s-a)_
l'Ac
Kalamazoo Stove & Furnace (quar.),,——15c
11- 1
-Electric
7r/f
Jewel Tea Co.,
10-15
11-15
10-25
10-29
preferred (quar.)
87'Ac
Interstate Department Stores Inc.—
7(4 preferred (quar.)
$1.75
Iron Fireman Mfg., common (quar.)—30c
Jantzen Knitting Mills, common (quar.),—
10c
5% preferred (quarterly)^,5————,^; ^
$1*4
Jarvis (W. B. ) Co.
'
30c
10-15
10-19
10-30
25c
$1.50
Dry Corp.
Mississippi Power & Light, $6 1st pfd. (quar. >
Moline Pressed Steel Corp.—
Class A partic. (quarterly)
Monroe Loan Society. 5'ArA
pfd. (quar.)__
50c
(quarterly)
(quar.),
partic.
$3»A
11-20
10- 9
preferred (quarterly)—$1.25
puquesne Brewing Co. of Pittsburgh (quar.)
Duriron Company (irregular)
^
feasteni Steel' Products (quar.)..—————
'
10-29
11- 1
1
International Utilities Corp.— '■
12-23
of Rec.
1.0-29
•
Nashua & Lowell RR.
6non-cum.
$5
11-
(A. C.)~r
6%
11- 8
11-1
du Pont (E. I.) de Nemours & Co.—
$43/2 preferred (quar,)
———
of Amer.,
International Machine
10-21
10-21
11-15
11-15
1
common
Times,
Corp.
Aviation Group Shares
10-11
10-15
10-11
10-11 '
10-30
11-22
Co.,
11-1
(quarTLIIIIZI
Interchemical
10-16
Holders
11-15
$4'A
1
Institutional Securities, Ltd.—
10-23
10-16
25c
$5
Chemical
10-9Q
??•
10.-15
75c
Fields (monthly)
Douglas Aircraft Co.
•■■5%
$30c
tlOc
t$l%
5'A% pfd. (quar.)
Dominguez. Oil
Dow
11-1
10-29
10-26
10-30
11- 1
11- 1
11- 1
10-29
:j:37'Ac:
:
——————i——
bominion
20c
l%c
t40c
t20c
+75c
—
___
1 Sp
68%c
68%c
$1%
Light Co.
Incorporated Investors
:
Indiana Associated Telephone Corp.—
,
3-1-44 2-10-44
11- 1
10-20
$lVi
—————————
Dominion
(
$1'A
$1'A
25c
Ltd.
Mines,
11-19
•'
'
10-15
10-22
11-15
_
(payable in U.S. funds
pfd. (quar.)
6%
10-30
11-1
11- 1
11- 1
10-25
10-25: v
10-25 .
11-1
11- 1
12- l
12-23
12- 1
10-25
75c
Divco-Twin Truck
Dividend Shares
11-10
$1%
25c
6%
11-
Imperial Chemical Industries, Ltd.—
Ordinary shares (final)
•
...
10-15
Illinois
1- 3-44 12-20
11-19 /■ 11-1
75c
$13A
7%
10-14
11-1
$40c
common
—
75c
_ _—
common (quar.)
preferred (quar.)
/—.J—— Denver Union Stockyards, 5'A"% pfd. (quar.)
•
Detroit Gasket & Mfg.? (quarterly)
Dentist's Supply,
11-1
B
(H.
•
10-21
10-21
>
7'Ac
25c
50c
*
$2
—
Dayton Rubber Mfg., common—
10-22
■
12-10
—
12-23
11-1
11-1
11-29
11- 1
11-1
Houston
11-5
Drug Co., common
*
i.
5c
preferred "(quar,).
■
43%c
Crum «Sr Forster, 8% preferred (quar.).•
$2
Cudahy Packing, 6A- preferred (s-a)$3
»; 7%
preferred fs-a)—
!
__A__■— —
$3»A
Culver & Port Clinton RR. (extra)
10c
Cunningham Drug Stores—
,
■
6% class A prior preference (quar.) (s-a)
$3
Curtis Mfg. (Mo.)
1.
'——J...:.—.—.
50c
Curtis Publishing Co.—
\..
$4 prior preferred
(accum.)---™,----75c
Curtiss-Wright, $2 non-cum) class A'.^—'
50c
Dallas Power & Light;7%;pfd. (quar.)
$1%
7%
f$2
Belyea, class A, common,..,,,,,,
Horn & Hardart Co.
11-20
10-15
12- 6
Crown
11- 1
■
10-29
10-15
12-15
11-15
12-15
11-15
Horn
10-25
10- 1 *
-
$lJ/2
62V2c
preferred (quar.)_,
Horder's Inc. (quarterly)—
Hormel (George A.) & Co., common
6ri> preferred (quar.
12-15
10-29
Cosgrove Coal Co., v. t. c. (irregular)
Creameries of
preferred
*7%
11- 5
12-15
(quar.),,,
Mission
.
.
$12c
50c
America, common.'.—25c
Cork & Seal, Ltd. (quar.)
;—■
150c
Corporate Investors Ltd., class A
preferred
T/fi
10-1
10-9
Holly Development Co.
10-15
10-15
-
•••
$7'A
6%
10-25
Holly Sugar Corp., common
9-30
Consolidated Laundries Corp.,—
10-22
11- 4
5V2pfd. (quar.)
6V2V0 pfd, (quar.)
6% pfd. (quar.) „_i.„
$1)4
Hershey Chocolate Corp., com. (quar.).,,.75c
$4 convertible preferred (quar.)
$1
Hibbard, Spencer, Bartlett & Co. (monthlyj
15c
Higbee Co.. 5% preferred (quar.$1V4
Hires (Charles E.) Co.: (quar.),,,,,
30c
10-4
10-16
37'Ac
$15A
Corp., 6'A%
11-15
11- 1
10-25
Hercules Powder Co.,
11-15
pfd,
Co
50c
Hat
10-30
12-31
12- 1
Copper
$l»/4
Safety
Hartford
10- 1
1-1-1
11- 1
Dome
11-1
Hartford Electric
10-15
11- 1
11- 1
$1 'A
pfd.: (quar.;
Consolidated Edison Co. of New York, Inc.—
$5 preferred (quarterly)—
:
less
11-15
TPvfrn
10-20
.
t$l'A
pfd. (quar.)..
$1.50 partic; preferred class A "(quar.)— J
Consolidated Cigar
5%
10-15
Shoe Corp.
l
Name of Company
"Stores, 7%
Hosiery Co. Inc., 7% pfd. (quar.)__
$1.75
L.) Co., Inc. (quarterly)—
50c
Greenfield Gas Light Co.—
6% non-cumulative preferred (quar.)
75c
Hammond Instrument, 6% pfd. (quar.75c
Harris (A.) & Co., 7Vo pfd. (quar.)
$1.75
Hare Battery Co. (interim)
10c
—
L
Connecticut River Power. 6%
$6
10-30
Michigan Public Servifce Co., com. (quar.)__
6c'o
preferred (quarterly)
6(A junior preferred (quarterly) *
Class
Consolidated Chemical Industries, Inc.—-
Dennison
11-
Green
11-15 ■ \ 10-20
.
;
11-15
Gotham
10-20
11-15
■■
$6
$1V2
Gordon &
11-10
10-20
11-15
_,
Crown
Miami
Razor, $5 preferred (quar.)
Gimbel Brothers, Inc., $6 preferred (quar.),
Gosnold Mills, 5% prior pfd. (s-a)_____—
10- 6
10- 7
10- 9
10-30
10-26
12- 7
10-30
11- 1
11- 1
12-1
$3c
J25c
Colgate-Palmolive-Peet, common (quar;■
12'Ac
;
$4'A preferred (quar.)—$1.06'A
Colorado Fuel &. Iron (quar.25c
Columbia Gas & Electric, common—
10c
3% preference (quarterly)
$1'A
Preferred 5% series (quarterly)
$1 "A
.6%. preferred A (quarterly)-:^———..—-;
$1'A
Columbus & Southern Ohio Electric—
6'A % preferred (quarterly)
$1.63
Commonwealth Edison Co.
(quar.).—..
35c
Concord Gas, 7% preferred
(accum.)—,—
75c
.
10-11
General Tire & Rubber
>
11-15
12-31
$1'A
$1%
preferred
•
11- 1
Gillette
11-15
12- 1
.§
(quar.
_w~~,
7% preferred (quar.)_,_,_
Coast Breweries Ltd.
(quarterly)Cockshutt Plow Co.. Ltd. (s-a)
5a
.
$1.25
General
Cincinnati New Orleans & Texas Ry.—
•'
Mercantile
(quarterly)-,,
25c
General Steel Castings, $6 pfd. (accum.$lVa
General Steel Wares, Ltd., 1% pfd. (quar—
t$l%
12- 1
11-15
12- 1
11-15
12-10
11-20
25c 1-14-44 12-14-44
25c 4-14-44 3-14-44
25c 7-14-44 6-14-44
$2.25
75c
-15c
.
When
25c
10- 8*
Mills,
Payable
$l34
Per
share
of Reo.
11- 1
Inc. (quar.)
General Motors Corp., $5 preferred (quar.) 4
General Outdoor Advertising, 6% pfd. (quar.)
Chicago Corp.—
(this payment clears all arrears)—
$3 preferred (quar.)
Chicago Mail Order, common (irregular)—
Chickasha Cotton Oil (quarterly)——^,
Bolder•
Payable
General
$3 pfd.
When
share
$1
of Ree,
Payable
share
Name of Comvanv
1671
10-15
•
2:—
10-20
10-20
10-15
11- 1,..
11-1
10-11
10-11
11-15
11-15
10-15
10-15
10-30
50c
11-1
10-22
12-15
$1'A
11- 1
10-22
15c
10-25
10-15
$1.75
$1.75
11- 1
2-1-44
—
.
10-15
non-cum.
Reliance Elec.
10-20
11-19
10-30
10-15
11-1
10-20
1
10-20
11-
25c
11-
1
75c
25c
50c
.
preferred (quar.)———
Reliable Stores, common (quarterly),^
5% convertible preferred (quarterly)—
$1.60
1
12-1
50c,
$2 'A
25c
preferred (quar.)
—„—.___
Reading Co., common (quar.)——
Reed (C. A.) Co., $3 pfd. class A (accum.)-,
Regent Knitting Mills, Ltd.—
9-30
11-
25c
—
Extra
1
1
50c
—
$3
11-15
1-2
_
—_
10-19
62'Ac
37'Ac
$4'A conv. 1st preferred (quarterly)-——..
Quaker Oats Co., 6% preferred (quar.)—
Quarterly Income Shares (irreg.)——
Quebec Power Co. (quar.)_
'
Radio-Keith-Orpheum Corp., 6% pfd. (accum.)
Railway Equipment & Realty—
$6 preferred (accum.)—
Randall Co., class A (quar.)———
Class B (quar.)
Rapid Electrotype (resumed)—
Rath Packing Co., 5% preferred (s-ai
Raymond Concrete Pile, common (quar.)—
11-
1
10-20
11-11
16-21
10-20
1
10-21
12-1
11-15
12-21
12-15
12-21
12-15
11-
^
40c
12'Ac
37'Ac
& Engineering—
preferred (quarterly)—
Reliance Manufacturing Co. (Ili.)_—
$1'A
11-
10-22
30c
11-
10-21
Republic Drill & Tool, common (quar.)—
Common class A (quar.)
6'Ac
11-
10-20
6'Ac
133Ac
11-
10-20
11-
10-20
$5
conv.
55c convertible
preferred (quar.)
THE COMMERCIAL
1672
'
Per
share
Name of Company
When
Payable
Republic Investors Fund, common—_
Holders
Per
Name of
of Rec.
5c
10-30
67<j
preferred A (quar.)—
15c
6%
preferred B (quar.)
15c
Republic Natural Gas
——
25c
Republic Natural Gas (increased).—_
25c
Revere Copper & Brass, 7%
pfd. (quar,)—
$1%
5*4% preferred (quarterly)
$1.31 xk
Reymer & Brothers (irregular)—:—
21c
Reynolds (R. J.) Tobacco (interim quar.),
35c
Class
B
(interim
quarterly)35c
Rheem Mfg. Co., 5% preferred (quar.)
31V4c
11-1
10-^5
11- 1
10-25
Walker
10-19
10-15
—
——.
—
—
6%
preferred
Rhode
$2
Island
(quar.)
Richmond
Rich's
Riverside
Class
San
and
15c
11-
1
10-21
11-
1
10-20
1
2 10-15
(N.
Y.)
(quar.)_
1st pfd.
$6
Stores
(quar.)—„
$lJ/2
11-
37l/2c
12-
1.
11-
1
B
(s-a)
Remedial
Loan
12-
1
11-
1
10-20
1
10-13
11-
11-15
(quar.)
Weston
12- 1
4%
5
10-20
5l/2%
11-
5
10-20
12-31
11-
1
11-15
12-15
10-11
11-
5
11-15
11-
1
10-20
11-
1
J20c
Extra
6%
11-1
.10-19
5%
10-25
Wood
10-19
10-25
25c
11-10
10-30
11-
1
9-30
11-15
40c
11-10
10-30
$1%
11-10
10-30
11-15
12-
1
11-15
37V2c
12-
1
11-15
11-15
(quarterly)
Service
$1.20
___________—
11-1
10-15
11-
10-20
Co.—
preferred
$ 1.62Vis :
(quar.).:
Sl'/a
1
12-15
preferred (quar.)
Steel Co. of Canada, common
7% preferred (quarterly)
Electric
Sun
(accum.)
•
preferred
(monthly)
(monthly)
(quar.)—
(quar.)
preferred
10-22
11-
10-20
1
11-1
10-20
11-1
11-12
10-30
12-
7
11-25
11-15
11-10
12-10
11-30
12-15
12-
11-
1
10-15
11-
1
10-15
11-15
10-30
n_i5
11-10
10-
9
11-15
10-15
11-
1
10-19
11-
1
11-
10-15
10-15
58V3C
12-
1
11-15
53c
12-
1
11-15
50c
12-
1
11-15
(monthly58V3C
1-
3
$5
preferred
53c
1-
3
50c
1-
3
$iy4
1-3-44
$11/4
4-1-44
7-1-44
$2(4
1-10
50c
12-29
12-23
68%c
11-1
10-19
(quarterly)
25c
11-
1
10-15*
25c
11-
1
10-15*
not
of
in
tax,
12-
S.
Gov't
accounts,
9,987
Reserve Banks Combined
4
(In
closed
for
accumulated
Canadian
15%;
this
funds,
resident
Gold
dividend.
thousands
of
dollars)
:V .^Increase or Decrease since".
tax
tax,
deductible
7%.
a
Less
at
the
British
source.
income
Non¬
certificates
13:
hand
on
S.
Increases
19.843,715
notes
Loans
to
brokers
and
dealers
in
713,413
107,618
123,280
reserves
+
9,221
+
+
10,043
+
20,295,786
11,986
—
77,237
528,508
—
Secured
by U. S. Gov't obli¬
gations. direct & guarant'd
bills discounted
10,525
7,784
Total bills discounted
Industrial advances
U.
S.
Govt,
and
10,525
11,872
7,784
—
%
—
82
+
8,119
—
—
Other
5,000
+
3,119
—
3,482
securities," direct
guaranteed:
1,537,267
Notes
6,219
+
689,900
511,506
—
—
375,541
1,498,050
+118,900
+
872,663
5,189.170
—272,291
+
4,703,955
—
Certificates
Total U.
S.
direct
Govt,
and
securities,
guaranteed-—
8.914.387
—147,172
+
4,689.571
8.936,784
—155,038
+
4,689,203
mem¬
Total bills and
Due
declined $94,000,000 in New York
City and $100,000,000
reporting member banks. Other loans for purchas¬
ing or carrying securities declined $21,000,000 in New
York City, $18,000,000 in the San Francisco
District, and
$53,000,000 at all reporting member banm
Holdings of Treasury bills increased $177,000,000 in
City, $65,000,000 in the Chicago District, and
$374,000,000 at all reporting member banks.
Holdings of
Treasury certificates of indebtedness declined $42,000,000
New York
in New York City and
$10,000,000 at all reporting mem¬
ber banks, and increased
$29,000,000 in the San Fran¬
cisco District.
Holdings of United States Government
bonds increased $40,000,000 in the San Francisco
District
and $110,000,000 at all reporting member banks. "
all
Oct. 21, '42
—
Bills discounted;
securities
at all
Demand deposits-adjusted increased in
31,250
—
328,791
cash
Bills
banks.
Oct. 13, '43
and
Treasury
.
cities shows the
Oct.
U.
Redemption fund—F. R.
Other
tax.
The condition statement of
weekly reporting member
banks of the Federal Reserve
System in 101
ended
Oct. 20. '43
due from
dividends.
Condition Statement of Member Banks
districts,
the
principal increase being $124,000,000 in New York
City; the total increase at all reporting member banks
$420,000,000.
United States Government deposits
increased $41,000,000 in the San Francisco District and
$2,000,000 at all reporting member banks, and declined
$23,000,000 in New York City.
was
Deposits credited to domestic banks increased $40,000,000 in New York City, $28,000,000 in the
Chicago District,
Pursuant to
F.
from
R.
foreign
notes
Uncollected
Bank
securities
banks.™_
127
Items
+
4~685
+
39,553
+
190,502
+
465,159
premises
Other
38,455
assets
Total
80
+
79,160
1,866,346
of other banks
57,966
assets
31,274,624
8
—
1,764
—
6,877
+
1,037
21,278
+
4,664,770
—
+
Liabilities—
F. R. notes in act. circulation-
15,444,578
58,003
+
+ 4,455,686
Deposits:
Member bank—reserve acct._
12,002,207
U. S. Treasurer—gen. accts—
Foreign
18,916
—
302,199
—
530,417
+
150,685
+
9.762
1,261,808
—.
+
7,522
+
,329,490
Other
174,758
Total deposits
13,969,190
Deferred
availability items
Other liabs., incl. accrd. divs.„
6,896
—
52,752
—
1,422,893
Total liabilities
—192,043
16,743
831
—
30.843,563
+
21,163
150,279
+
84
—'
110,104
—
267,663
—
+
147,157
1,582
.•■
+ 4,614,832
Capital Accounts—;
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other
+
4,940
160,411
+
2.909
26,829
.+
43
+
42,041
+
4,664,770
capital accounts
93,542
Total liabilities & cap. accts.
Ratio of total
to
res.
31,274,624
to
+
31
21,278
deposit &
F. R. note liabilities combined
Commitments
~
+
make
69.0%
.1%
—
—;
14.1%
indus¬
trial advances
9.837
—
'
629
730
—
Foreign Exchange Rates
the
requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
tifying 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:
FOREIGN
EXCHANGE
RATES
CERTIFIED
BY
OCTOBER
FEDERAL
15
'
RESERVE BANK TO TREASURY UNDER TARIFF ACT OF
TO OCTOBER 21,
___:
50c
$1.25
_
(quar.)
(quar.)
(quar)
12-20
1-15-44
l-
1930
)
1943, INCLUSIVE
4-
3*
7-
3*
$1.25 7-15-44
11-30*
12-10
11-26*
40c
3-10-44
2-25*
(quar.)—
Universal
Laboratories,
Universal
Leaf
Tobacco
40c
common
Co.,
Universal Pictures Co., Inc.
Universal Pictures, vtc
(quar.)
Australia, pound
(initial)
,
Upper Michigan Power & Light—
6% preferred (quar.)_
Knitting Co.-—
5% prior preferred
(quar.)
Vapor Car Heating, 7% preferred (quar.)__
Virginian Ry., 6% preferred (quar.)
—
V
3.228000
_
6-10-44
5-25*
_
.
.251247*
.251247*
3.228000
Oct. 20
$
$
Oct. 21
S
.297733*
.297733*
.297733*
.251247*
r.
.251247*
.251247*
3.228000
3.228000
3.228000
3.228000
Free
.051275*
.060586*
.060586*
.060586*
.060586*
.051275*
.051275*
.051275*
.051275*
.051275*
Canada, dollar—•
Official—
.909090
Colombia,
peso—
England, pound sterling
.909090
.909090
.909090
.909090
.890000
.888593
.890000
.896875
.896562
.899375
.572766*
Free__
.572766*
.572766*
.572766*
.572766*
.572766*
4.035000
12-
1
10-16
$1
10-30
10-25
Mexico,
10-30
10-25
12-27
4.035000
.301215
.301215
.301215
.301215
.205800
.205800
.205800
.205800
4.035000
Newfoundland, dollar—
1-1-44
4.035000
.205800
5
4.035000
.301215
12-
1
India
(British), rupee
62V2c
$1.75
37V2C
1-3-44
12-24
12-10
12-
11-
l
10-16
2-1-44
1-15
1
5-1-44
4-15
37V2C
8-1-44
7-15
:
Free—:
New
.909090
_
.
Zealand, pound-
.888125
.
Union of South Africa,
pound
Uruguay,
4.035000
'
peso
Official
75c
37%>c
3.244203
3.980000
.909090
.909090
.909090
.886250
.887500
.894375
.894375
3.244203
3.980000
3.244203
3.244203
3.980000
3.980000
3.244203
3.980000
.909090
.896875
3.244203
3.980000
peso—
Controlled:
.658300*
Noneontrolled
—.
Oct. 19
S
.297733*
.060586*
_
11-
37(/2c
.•
Oct. 18
.297733*
Brazil, cruzeiro—
$1
Utica
(quar.)
(quar.)
(quar.)
'
62V2C
(quar.)—
$
.297733*
$1
com.
Oct. 16
$
Official
Free
Buying Rate for Cable Transfers in New York
Value in United States Money
Oct. 15
3*
$1.25 4-15-44
$5 preferred
Noon
Country and Monetary Unit
Official-
40c
preferred
U.
Assets—
Argentina, peso-
(quar.)
6%
12-15
tax.
12-20
(quar.)__.
preferred
$Payable
resident
12-17
preferred A
6%
and
6-15-44
_________
—
preferred A
preferred
books
account
3-15-44
$1V4
;
6.4%
6%
tOn
income
12-15
_____
preferred A
•Transfer
Jamaica
12-15
6.4%
6.4%
47
except
week
10-15
50c
xLess 30%
12-15
Chemical
Sugar Corp.,
preferred
81
+
10-19
Pipe & Foundry Co.—
$5
1
10-30
4
1
(quarterly)_________
Machinery, 5(4% pfd. (quar.)
Quarterly
11-
..Quarterly
10-20
11-1
_______
S.
11-24
11-22
11-
Extra
U,
10-30
12- 1
50c
preferred
United States
11-15
53c
RR. & Canal
Industrial
+
10-15
(quar.)
S.
$37'/2C
—_
10-15
(quar.)__
U. S. Cold Storage Corp.—
U.
1-17
1
(quar.)
preferred
partic.
10-17
11-1
(quar.)
preferred
4%
416
—
13
+11
—
Mfrs.—
5%
U. 6. Hoffman
1
2-1
58Vac
(monthly)
(monthly)_____
5%
J,
11-
$ 1V2
$1.18%
preferred
5%
United N.
10-19
10c
preferred (monthly)_____
prior preferred (monthly)
Merchants &
1
12-
10-19
15c
6.36%
preferred
1
1
}37(4c
____
6%
9-17
1
25c
6%. prior preferred (monthly)
7%
prior preferred
(monthly)—________
United
10-20
12-
$lVa
prior preferred (monthly)
6.36% preferred (monthly)_____
preferred
1
12-15
$iy4
_____
7%
prior
10-27
11-
10-11
20c
Drug, $4.75 pfd. (initial quar.)_
United Light &
Railways Co. (Del.)—
6.36%
10-15
10-15
10c
(quarterly)——
(Mo.), $4V2 pfd. (quar.)—
United
7%
1
1
12-15
$1%
United Corps. Ltd., class A
(quar.)________
United Drill & Tool, class A
(quar.)________
Class B
(quar.)
6%
1111-
11-1
20c
preference
California
10-18
10-15
25c
___
of
1
11-
t66c
(quar.)
preferred (quar.)____
Tung Sol Lamp Works, common—_________
Electric
11-
11-15
11-
|$1
preferred (quar.)
preferred
—
ber
5
58V3C
—
712
+11,136
Statement of Condition of the 12 Federal
10-13
Chicago District, and $41,000,000 at all reporting
41%c
;_
2,559
+
2
10-15
10-20
50c
5(4%
$5
11-10
1
1
10-23
90c
:
—
Trinity Universal Insurance (Dallas)
Truax-Traer Coal, common,.
Union
—
1
1111-
11-
$2(4
(monthly)
Elevators, Ltd., common (interim)
Union Oil
(quarterly)
12-
5c
$20c
1
tic
$5 preferred
Ltd.
preferred
80c
Fields
(quarterly)
10-30
$lVa
(s-a)
5(4%
.
,+
11
+ 115'
760
deposit accounts
+420
+
10-15
11-15
25c
(quar.)__
7%
1
Commercial, industrial, and agricultural loans in¬
creased $26,000,000 in New York
City, $10,000,000 in the
$1%
Thermatomic Carbon,
Toronto
11-
11-
2
$1V2
(quar.).
Thatcher Mfg. Co., $3.60 preferred
preferred
$$1.75
') ) 40c
tic banks.
50c
preferred
6%
Interbank
during
7
50c
—
5%
10-15
10-15
7
$1(4
Light, 7% pfd. (quar.)___
Edison,
1
1
10-
20c
Water, $6 prior preferred (quar.)____
Toledo
11-
10-25
$ 1 Vs
$6 preferred (quar.)_______
Mines,
preferred
8.883
to-demand
11-
10-
37V2C
________
Gold
Gold
Debits
10-15
.
50
15c
(resumed)-—
(accum.)
(F. W.) (quar.)
common
420
Ltd.—
preferred
Consolidated
10-31
38
+
+
-
5,901
12,262
banks
Domestic
$l'/4
com.
James
30,742
—
Foreign banks
1
$1
Tacony-Palmyra Bridge, 5% pfd. (quar.)
Gulf Sulphur Co. (quarterly)
Toburn
$1.50
(quarterly)
&
deposits-adjusted
deposits
S. Government
Borrowings
1
J2V2C
Texas
prior
10-15
1
+—
Co., 4V> % preferred A (quar.)__—_■
Drug Co., common
preferred (quarterly)——
;
Superior Portland Cement, class B—_:
$6
10-15
1
11-
12-
10-30
(interim)
Ray
Texas
1
11-
20c
__
Ltd.
Mines,
Extra
11-
11-
12-15
11-15
50c
6%
Texas Power &
$H/2
Co.—
93%c
(increased)
Oil
Sun
10-18
11-
1
Securities—
preferred
1
i75c
*
___
_____
(quar,)_
preferred (quar.)
Corp., $1.25 pfd. (accum.)
Consolidated
11-
$75c
10-15
12-
60c
(quarterly)
_____—
•$4 2nd
—
$1.50
12-17
1
31V4c
Inc., $1V2: preferred
Suburban
89
deposits—
Interbank deposits:
12-31
11-
12-15
12-4
;
5%
Sullivan
+
Demand
37V2C
Quarterly
preferred (quar.)
Stecher-Traung Lithograph Corp.—
class B
2,2.93
U.
1
leading
following principal changes for the week
of $374,000,000 in
holdings of
Treasury bills, $110,000,000 in holdings of United States
Government bonds, $420,000,000 in demand
depositsadjusted, and $115,000,000 in deposits credited to domes¬
$1(4
$1.12Va
Staiiley Works, 5%
Wells
+
—
Liabilities—
$1(4
_
__
Corp.,
35
Balances with domestic banks—
10-23
554
+
Time
(quar.)—
222
574
10-25
(1897)
5,721
—
___
819
12-
Public Service,
1,687
+
+110
1,880
1,958
5,405
+
—
2
(quar.)—
-
9
—
1-
common
+
+
374
10
5
10-23
Power
+
67
10-25
Electric
—
4,964
80
49
174
—
+
1
(accum.)___
5
—
1
Inc., $6 preferred
705
+
8,267
1
(accum.)
+
—
2,941
11-
preferred
1,550
10-20
J20c
R.) & Sons, $5 pfd. A (quar.)
Brands, Inc., $4.50 pfd. (quar.)
Phosphate & Acid Works
Stouffer
1
+
8,407
16,862
securities
Total
(E.
Struthers
Other
8
Electric—
&
Stott Briquet, $2 conv.
11-
1
+10
—
305
+
Reserve with Federal Reserve Banks______
Cash in vault
10-11
$1
preferred
53
—
4,585
bonds—;
Zion's Cooperative Mercantile Institutions—
Co.—
Standard Wholesale
Sterling,
10-
1
S.
11-
Zeller's Ltd.,
10-20
31'4c
—
1
11-
—
69
1,429
10-15
37V;>c
...
II-
$lVa
—100
1,136
Obligations guaranteed by U. S. Government
10-15
11-
Alexander
6%.
12-20
1
50c
preferred
7%
11-
f$l'/4
(quar.)
Hosiery,
Woolworth
9-25
$$1%
(quarterly)
Sparks-Withington Co.—
Squibb
11-15
1
12V2c
__
preferred
Standard
12- 1
U.
I-3-44
1,745
—
1,073
—
f25c
+15,740
+
41
+
1,984
Treasury bills
Treasury certificates of indebtedness-^
Treasury notes
1
50c
preferred
1
11-
t2c
_
—
convertible
11-15
•
Wisconsin
Yuba
California Water, 5% pfd. (quar.)
preferred (quar.)
Southern Canada Power (quarterly)—
Public
11*
—108
6.318
Other loans
$1%
Co.
Winstead
12-1
+15c
■
6%
preferred
10-18
11-15
.!
Real estate loans___________
Loans to banks—.
$1
&
Wisconsin
11-25
..i'£ $l'/4
___—
Gas
10-15
$i'/2
•
+370
12,009
securities-
10-19
10-28
51,648
Loans to brokers and dealers in securities
loans for purchasing or carrying
10-19
1
Investments—total.-.-
Other
(quar.)___—f.25c
Ltd.
Wilson
11-
75c
Southern
Indiana
11-15
11-15
'
<
and
loans
10-15
11-
...-v'*.
Commercial, industrial, and agricultural
11-15
1
50c
(irreg.)
(quar.)__
Machine, $2 prior^pfd. (quar.)
convertible
Wilsil,
10-20*
87V2C
...
Edison
com.
Ltd.,
convertible
White Sewing
5
11-
$ 1 '/a
(accum.)
prior lien
1
'
.
Decrease (—) Sine*
10-13-43 10-6-43
10-14-42
,
Loans—total
6
90c
5% pfd. (quar.)
Products, $4V2 pfd. (quar.)
Wheeling & Lake Erie Ry.—•
11-
$1
(irregular)___
(George)
12-
12-
$1V2
Westvaco Chlorine
12-15
50c
...
——
6%
Assets—
Loans
11-
$1%
12-15
20c
....
(quar.)
(quar.)
12-15
$5
(quar.)...:
California
preferred
12-23
37Vic
......
preferred
6%
12-23
(quar.)..
—
6V2%
Corp.
Electric,
43 %c
17V2c
,
$4
City Gas & Electric, com. (increased)
preferred (quar.).
4.8 %
11-15
Westminster Paper (s-a)
t3c
.
Silbak Premier Mines. Ltd.
Silex Company (quar.)
6V2 %
1
Western
10-30
Southwestern
12-
9-30
11-15
Southern
10-15
11-15-
9-30
Sherwin-Williams Co., common (quar.)—_—
5% preferred AAA (quar.
Sherwin-Williams Co. of Canada, Ltd,—
Common
1
1
1
Shawinigan Water & Power (quar.t22c
Southern
11-
12-16
dollars) "-V: '
of
Increase (+) or
12-
25c
millions
<v'
$2.50
common
Point
t7c
....
(Laura) Candy Shops (interim).—_
Sharp & Dohme, Inc., $3.50 pref. A (quar.).
7%
(In
$1.25
$3
Secord
Sioux
10-25
11-1
Inc., preferred (accum.)
(interim)
Sugar,
preferred (quarterly.)..
Mfg. (quar.)_
West Virginia Pulp & Paper,
6% preierred (quar.)
Association—
Paper Co., $4 preferred
$4V2 preferred (quar.)
Penn
25c
—
Wall
Ltd.,
1-15
11-10
National Insurance Co. (quar.)
30c
Western Tablet & Stationery—
5%
preferred (quar.)—$IV4
(s-a)__—
:
Oil
12-15
10-25
37V2C
7%
West
5
11-
J$l34
—
Company—
(irregular)
Mines
11-
20c
•
(quar.)..
_;
Board, common
partie. preferred (quar.)__._
Sinclair
2-
1
$1 Va
Mills, common
Class
11-15
f35c
__
__
Scott
Simpson's
12-29
11-10
$lVa
.'—________________
Indies
West
10-15
tl5c
_
Common
11-12
10-29
$1V4
$21,000,000 in the Atlanta District, and $115,000,000 at all
reporting member banks.
A summary of the principal assets and liabilities of
reporting member banks, and of debits to demand de¬
posit accounts, follows:
11-12
12-15
67V2C-
(irregular)
Michigan Steel Foundry—
$1.75 convertible preferred (quarterly)
7% preferred (quarterly)
11-20
12c
t$l3/a
(quar.)
pfd. (quar.)
5'/2%
Service
Gold
(D. A.)
(s-a)—^
Washington Railway & Electric Co.—J;.-;
5%
preferred
(quar.)__
.)
5% preferred
(s-a)
—75c
12-15
Monday, October 25, 1943
West
Quarterly
$2
10-15
1
10-15
Flour
Schumacher
10-25'
11-
1
(quarterly)..—..—$ $ 1 '/a
Francisco
Schulte
11-15
Common
10-25
11-
Extra
San
11-15
of Rec.
11-10
30c
Co., $1.35 class A
—____________
50c
Public
A
11-
(quar.).——;—
and 25c
Antonio
1
preferred (s-a)
West
preferred
Louis
12-
1
Holders
30c
Washington Gas Light, $5 pfd. (quar.)_„
$4.50'preferred (quar.)
10-15
(quarterly)
St. Louis Bridge, 6% 1st preferred
3%
2nd preferred
(s-a).
St.
Warren
10-11
10-15
preferred
Lawrence
10-16
10-11
Bros.
Payable
$25c
1
6%
share
f$l
(quar.)
common——_—___________
1
1
Saguenay Power Co.,
7%
(quar.)
Co.,
When
Ltd.—
10-25
1
Button, $iy2 conv. pfd. (quar.)..
Light & Power—'
Rolland Paper Co. Ltd., common (quar.)_'__.
St.
>
Worts,
11-
11-
(quar.)
10
&
11-
11-
Cement,
5,
Company
Gooderham
preferred
$1
Rochester
6%
$1
37V2c
Rockland
Rose's
Common
—:—
Insurance
Inc.
(H.)
Walworth
10-16
class A (quar.)
Public Service,
preferred
& FINANCIAL CHRONICLE
.529550*
.658300*
.658300*
.529550*
.529550*
.
.658300*
.658300*
.658300*
.529550-
.529980"
.530180*
Volume
THE COMMERCIAL
Number 4223
158
Note—Certain
General Cdrporation and
restated
is
the
of
1673
1942
figures previously reported have been"
portion of adjustments made in Dec,, 1942, as
such
to .reflect
& FINANCIAL CHRONICLE
applicable to the 8 months ended Aug. 31,
Peabody Coal Co.—Accumulated Dividend—
dividend
A
1942.—V. 158, p, 1352.
mulations
Dec.
Northern
States Power Co.
(Del.)—-Weekly Output—
made
output of this company for the week ended Oct. 16, 1943,
totaled 41,290,000 kwhs., as compared with 35.949,000 kwhs., for the
corresponding week last year, an increase of 14,9#.—V. 158, p. 1536.
The
ceiling prices for women's
purports to govern maximum
regulation
and
itself,
defense involves
the
The
mission
'validity, "of. a; regulation.—V. 158, p. 1535.
the
second
and
Newberry Lumber
•
Co.—Capital Repay¬
Chemical
&
ment to Series A Preferred Stockholders
The
,
plan
be
directors
approved
this
approval
for
stockholders
the
to
the stockholders,
capital.
by
return of
The
A
preferred
value
stock
thereof.
"The
timber
at
It
letter to the stockholders, said in part;
by the company which are carried
a
of
separated tracts.
$507,505,
One tract,
consist
main
in
called the
of
rather
two
widely
mill,;
is
to
time
dispose
could
be
."The
that
the
of
it
would
la
Lac
obtained,
directors
of
and
as
be
for
the
tract
Belle
if
concentrate
to
of
interest
best
satisfactory
a
the
on
the
ferred
result
stock
of
that
will
the
be
of
the
to
Directors signing the
V.
McManus,
Income
•
most
effective
reduce
the
letter
accomplishing
of
way
share.
a
the
of
amendment
an
series
the
to
Net
A
this
15
and other extraord.
period
other
par
usual
non-cumulative
Sheet, June
30.
,
$1,210,879;
prop.,
dividend
year-end
stock,
common
This
for
uninsured
consolidation
has
told
the
"involves
in
the
justice
of
Randall J.
law
158,
had
testified
Mr.
he.stated,
expedite
ness'
to
LeBoeuf
procedure,
Action
find
to
the
on
based-
a
the
stock
common
protests
A
considering the question
involving
the
utility, system's
■
hi
these
Neal
of
for
Net
doubtful
until
costs
be
the
full
of
based
would
determined
stated
Commission,
Protests
were
original
proposed
costs in the
consolidation
excess
Net
that
it
was
membership
the
on
because
could
expressed
the
hearings
of
to
the
consider
that
of
action
it.
pp.
1534,
of
tax and
for
engi¬
#
to
John
H.
9,431,148
8,439,037
2,661,204
Operating
revenues;
Operating
revenues,
gas.
——— —
—L J_;.v
158,
p.
Wade,
Total .operating ,mrenues_L——.l.
Provision
indirectly to the U.
S. Government,
if
"excessive
are
expenses
for
profits"
are
considered
to
sub¬
have
Operating
President
Net
matter
Oct.
depreciation...
i
.
-
revenues
Owens-Illinois
of
of
Libbey
Glass
Vice-Presidents
the
parent
sub¬
company.—
Gross
Income
,
net—
income
deductions-
'
—_—
Net
•
income
taxes——^
—
30,000
5,749,589
51,174,970
$3,630,921
249,818
44,398,374
171,700
6,622,453
tinder
Nov>17
for
and
company
to
next
crop
its. subsidiaries
123,141,000
the
over
kwh.,
period
same
are
for
the
increase
an
a
year
ago.—
of
Kirkpatrick at Philadelphia,
William H.
as
tentative
a
order
an
date
requiring the
refunding
Extension
H.
for
a
hearing
company
5#
mortgage
on
a
distribute
to
and
bonds
6#
Reorganization Plan-
on
Kirkpatrick
or
under
the
on
Oct.
extended
4
time in which
for
another
Six
the company's creditors
acceptances of the company's
the bankruptcy laws.
(&
amended plan of
Subs.)—Earnings
1943
$56,323,37.9
8,176,734
—
and
renewals———
——_!■'
property
3,392,854
_
<fc
exps.
the
to
to
City
excl.
agreement,
3,792,055
17.819,071
4,817,777
—
other
but
4,750,218
1,800,000
'
:
con-
not
year,
determinable
payments
3,355,212
3,828,493
2,100,000
oper.
attributable
1907
1942
$54,842,834
7,777,588
18,141,669
____i
abnormal
Operating
Non-oper.
Gross
Rental
income
Philadelphia
of
inc.
taxes
3,274,088
3,261,410
$12,591,764
income,
$12,287,280
399,863
:
231,099
incl. net capital gains——
income
of
$12,518,379
leased lines—3,250,442
3,141,796
Miscellaneous
Interest
"$12,991,627
deductions
funded
on
tProvision
ancl
256,995
262,683
debt—
for inc.
exc.
3,140,765
3,193,474
4,710,000
4,221,100
$1,627,737
$1,705,014
'
profits
taxes——
J:__
Balance
.
'"This appropriation made at rate of $100,000 per month for
1942, and at the rate of $200,000 per month for the year 1943.
tU.
S.
the
year
income taxes are calculated at 42#; 24# normal, 16#
sur¬
for consolidated returns, the rates contained in the 1942 Rev¬
Act
on the taxable book income.
While the basis of the company's
profits tax credit has not yet been finally determined for prior
it is believed that there will be sufficient unused credit which
years,
be carried over from the years 1940 and 1941 to offset any possible
for such tax for 1942.
Provision deemed adequate has been
may
liability
for
possible
excess
profits taxes in
Pleasant Valley Wine
Years Ended Aug,
Sales
Of
1943.—V.
158H p.
1381.
Co.—Earnings—
1943
31—
1942
1941
$1,137,670
$1,121,323
goods
SI.262,578
634,238
(net)
Cost
taxes
Gross
$2,963,277 $26,570,758 $21,073,660
2,531,767
1,793,557
16,993,083
12,241,667
oper.. income- _r.$1,099,154
$1,169,720
$9,577,675
647,840
529,042
$587,085
$614,738
$608,628
sold-'
1,384,343
11,725,226
14,078,314
158,
781,356
p.
Operating
Other
hold
own,
Producing
-
673,133;
,
that
so
Act
the
and
or
Co.
Investment
—
357,144
354,971
320,879
$229,941
$'259,767
$287,749
following
officers
in
trade
or
on
and
stocks,
not
and
.the
directors
bonds
that
will not be
that
resolution
8, 1943:
adopted
was
Oct.
the
of
all
business
same
be
securities
This
283,933
shares
158,
government securities and cash)
on
an
the
$4,960,614
194,242
$5,154,856
2,446,716
1,906,214
1,661,799
$1,586,843
9,936
$297,685
at
company on Oct. 20 announced that it
of the class C stock of Warren Brothers
as
the
time
presen)t
assets
unconsolidated
had
acquired
road
10,000
builders.—
to
$0.30
Assets—Cash
$1
par,
tAfter deducting post¬
in
banks
and
Sheet,
on
Aug.
31,
1913
hand, $105,090;
U. S. Treasury certi¬
$21,865; accounts receivable—trade (less reserve for bad debts
$2,000), $11,612; inventories, $433,738; excise stamps, Federal and
ficates,
of
$19,344; miscellaneous accounts receivable, $1,725; fixed assets
for depreciation of $316,845), $285,707; brands, trade¬
State,
(less
reserve
formulae,
marks
Co.,
75,000
—_
Balance
Company
any
$168,827
75,000
$0.68
$13,987.
conducted
and
credit.
$13,987;
$1;
mortgage
Liabilities—Accounts
prepaid expenses, $37,092; post-war refund
receivable, $3,150: total, $933,311.
accruals payable, $31,790; capital stock
and
(par $1), $250,000; paid-in surplus, $210,000; surplus arising
appraisal, $144,086; earned surplus, $297,435; total, $933,311.—V.
Pictures,
Inc.—Secondary Distributions—
Blyth & Co., Inc., offered Oct. 19 after the close of the
market, as a secondary distribution, a block of 25,000
shares of common stock (par $1) at $25.50 per share.
Concession
of
128,858
$104,125
75,002
$0.42
—
-
share—'—
250,000 shares of .capital stock,
credit
war
1537.,
Paramount
per
164,913
$75,412
paid
"On
other
:
p.
9,271
$269,038
1165,510
profit
Dividends
invest,
of
held
.
profit before income taxes.—..
'"Earnings
the Investment
to
by
•
securities
transactions
such
subject
total .value
.-
authorized, to
be
other
or
in
engaged
being the intention
company
of
10,981
$240,922
income
Net
by the company other than securities of its
future. subsidiaries
does
not
exceed
35#
of
its
total
(exclusive
———_
Fed,, income & excess profits tax
-
meeting held
the
whether
basis."-.-
V.
a
and
of, 1940
1,387,094
1,189,436
at
that
it
Refining
&
-
,
corporations
company,
profit
1536.
Policies—
"Resolved
231,328
..
1
profit
Sell., gen. & adm. expenses-——
$8,831,993
——
Company advises that the
$6,546,958
1,556,537
$2,543,705
the
1476.
p;
Sept. 30—
revenues
A
incl.
Taxes,
$77,917,428 $65,721,852
$8,742,866
—
rev._
income
—V.
.
5,128
—
Federal.income and excess profits
>
$6,541,830
of
sugar
158,
Reading Coal & Iron Co.—Cash Dis¬
holders
rejections
tingencies
1943—8 Mos.—1942
1943—Month—1942
$10,275,874
—
22,500
oper.
'
Utility operating income——
set
Grants
for
"Prov.
and
Co.
owned
wholly
Co..
of
Coast
Pacific
revenues—
oper.
Net
Net
1942
418,199
284,000
1,376,757
this
amounted
11.3#,
transportation
expenses, incl. accidents
General
Net
1,329,666
,
ca¬
13
..$19,714,144 $16,800,830
9,488.312 •
8,306,620
of hydro-elec. gener. plants incl. taxes.
State, local and miscellaneous Federal taxes—
for
operation
made
Operating expenses
testimony
-693,579. : *
Renfal
Other income,
Power
enue
895.
Uncollectible
owned
Maintenance- A—3—
18
Depreciation
Pacific Telephone & Telegraph Co.—Earnings—
been
$11,789,762 $10,393,921
7,506,183 V 6,175,581
_
of
land,
members
1943
'water-
$3.17
or
directly
Wright, President
have been elected
sidiaries,
Co.—Earnings—
_______
of
annual
an
Clarke Mason, company counsel, told the Court that bond¬
have been withholding their votes because of
uncertainty over
company's future tax status.—V. 158, p. 1381.
excess
S.
stockholders
Aug: 31—
of
mill.—V.
Conducting
4,036,000
12,388,050
32,106
34,278
_
period
renegotiation
Henry
the intro¬
Aluminum Co. of America.—V. 158, p. 1352.
8 Months Ended
-
at end of period
2,661.204
share$3.54
Panhandle
Northern Indiana Public Service
capacity
acres)
8,
tax, 2#
Case Delayed—See
on
bags
the
1943,
or
&
among
Operating
v-•# :.v*"V-.v-''v
Co.—Decisipn
Operating revenues, electric
3,893,900
13,346,270
surtax...--.
tax—
groups
this
this
26,284,320
New Vice-Presidents—
V.
session
of
(66,000
1,400,000
—
paid, patent, development and other operating expenses
depreciation of manufacturing plants qnd. amortization of
equipment; 1943, $3,672,592; 1942, $3,703,276).
Operating
the
at
admission*
at
Maintenance
occurred:*
proceedings
two
on
annual
an
refinery with
Philadelphia Transportation Co.
1,389,127
trust
shares outstanding
per
Note—Sales
unnecessarily and
result
in
further
which were discontinued last year.
1536.
North American
Operating
28,105,596
_
has
a
12 Months Ended
(including
leased
>
voiced
groups,
fear
absence
postpone
25,897,597
386,724
669,852
:
profits
and
caballevias
and
price
Prov¬
''Royalties
various items embraced
Commission.
Commissioner
the
by
decided
stockholders'
the
lengthen
158.
27,435,744
foreign income taxes—
profit
Earnings
equitable
have
mills
2,0U0
The
Mantanzas
William
'
273,810
'
.
made.
holders
279,450
•
84,994
583,022
annuities.
income
Number
the
protracted by
65,469
:
is
company.
628,250
retired
—
income
service
Federal
postponement of dividend payments,
—V.
-accounts.
income:
State-and
^
stockholders'
Hudson
proceedings are to be
testimony regarding the
will
$
1,341,438
and dosses-
sale
extension, requested by the company, was the fifth granted since
1942.
Each was requested pending Congressional action on
^legislation designed to establish the tax liability of the reorganized
579,000
_——
National
The
1,525,936
—!
operating income.-
Total
Past
order,
urged
hearing."
16,
petition
presently
wit¬
other
some
or
_i.
.debentures
on
expenses ;
Other
.
of
the
best
370,000
output
kwh.,
William
file
July
60,808
sales_2__
Clmse
1537,
Court
210,833
on
the
before
railway system
ground
Oct.
Oct.
on
Judge
38,516,629
9,824,443
bonus
the
on
system's
that
He
surveys.
ruling
the
the
him-in
contended
current
lengthy
Brewster
the
of
valuation
of
one
declared
89,375
discounts
and
company
debentures.
1942
—.
40-
"E," due
1952,
to
the sinking fund.—
The petition was filed by Archibald Palmer, New York
attorney, rep¬
resenting Louis Lober, a bondholder.
Mr. Lober, acting for himself and
also as attorney in fact for Lawrence
Schrager, a debenture holder,
165,417,595 146,884,347
123,646,563 108,367,719
—
debentures—
on
Premium
of
consulting
:
.___
A.M.
Nov.
suggests that of the $8,000,000, $3,504,658 be applied to the principal
the refunding.';, $1,095,510 on 1943 interest, $1,942,432 to the
prin¬
cipal of the debentures and $1,457,000 on 1943 interest.
1943
Sept. 30—
Period Ended Aug. 31—
the
of
been
11
of
as
sufficient
of
of
41,771,032
11,399,598
Sundry
(par
part
above
comprises
about
be
electric
$8,000,000
(& Subs.)—-Earnings—
royalties and other oper. revenues—
Management
Cash
*
Whether
duction
share
per
158, p. 490.
has
it
to
tribution Asked—
last.
Payments to service retirement
a
said
ended
Pa.,
interest'7,893
Other
ject
of
Niagara
against
deferred.
by
become
cross-examine
to
progress
of
share
per
sale
interest,
series
is payable to
cents
Manufacturing profit and net. oper. revenues
general and administrative expenses.-!
questions," he said,
facts," adding that
question would have *to be
although he
incomplete
on
the
cents
Pa.; will uutil
the
and
certificates,
elapse
Cuba's
It
gauge
to
158, p.
payable Nov. 19 to holders of record Nov.
per share paid on Feb. 20, May 20
50
sales
Interest
145, p. 124.
to
valuation* of
"either
way
facilitate
to
75
$5,
Selling,
Niagara Hudson attorney,
matter
a
declined
matters,
testimony 'was
Commission
cents
5
of
120,000 tons.
was
the
charges,
series
would
of
one
bags.
bondholders'
$
these
of
one
others
regarding
subsidiaries.
15,
677.
p.
Net sales,
be disposed of in
permits questions relating
LeBoeuf,
"Every
and
security holders each
considered in full detail, if at all.
A Commission witness, William F. Hine,
neer,
of
for
par
$3,500,000, it was stated.
the Espana Sugar Mill, near Perico,
Philadelphia
$152,875'
$16,626;
weeks
reorganization
cannot
plan
the
to
dividend
bids
which
the
months, until April 9, 1944,
20,
Aug.
"Cost. of
deferred
risks,
subsidiaries
system's
Commission.
matters
of
par
with
compares
Provision
less than nine months if the P. S. Commission
present proceedings,
extra
an
Owens-Illinois Glass Co.
Niagara Hudson Power Corp.—Questions Relating to
Original Cost Would Delay Merger—
the
V.
1185.
p.
between
12,531,000
on
were
Federal
of
declared
20.
lieu
Nov.
Sept.
at
as
157,
trust
$100,000
may
preferred stock (par $100), $879,894; series B 5#
stock (par $100), $765,125; series C $2.50
cost
Issue
the
Oct.
in
Philadelphia Electric Co.—Weekly Output—
of
made
were
of
trustee, Philadelphia.
V.
preferred
original
this
on
on
record
City
around
is
week
accumu¬
payable
$100,
receive
exceeding
Payments in 1942 were as follows: Feb. 20, May
20 and Aug. 20, 50 cents eafch; and Nov. 20, a year-end of 75 cents.—
,
stock (par SI), $30,605;
$1). $6,121; deficit, $152,875; total, $1,668,081.—V.
the
account of
on
par
distributions
and in each quarter during 1942 and 1941.—V.
and
1943
non-cumulative preferred
to
Accruals
last.
16,
Similar
1.
declared
15
16,
quarterly dividend of 10 cents per share on the $5
both payable Oct. 30 to holders of record Oct. 20.
disbursed on Jan. 30, April 30 and July 31, this
amounts
A
the
106,990
reserve
Hudson
preferred stock,
Nov.
been
sugar
standard
10 cents each.—V,
$45,885
$1,015;
assets,
$46,788;
Niagara
10 and Dec. 22,
June
Co.,
not
property,
expected
stock,
common
2.
payable
secured
by
stock
of
affiliated
selling
agency, $450; payroll payable, $16,441; accounts payable, $39,449; com¬
missions payable, $1,473; accrued taxes, sales, franchise, social
security,
$17,803; accrued interest, $182; mortgage note payable to Reconstruction
The
cents;
10
share has been declared
cumulative
record
have
directors
year,
35,400
_
——_
total, $1,668,081.
non-cumulative
more
pacity of
10
preferred
Co., Ltd.—Accumulated Dividend—
per
Aug.
and
the
and
Liabilities—Note
5%
June
on
and
11,731
__—
__
1942
Corp.,
5,
has
,
United States District Judge
$1,246
expenses
,
Balance
Finance
14, Nov.
May
share
per
of New York for the purchase by Pepsi-Cola Co.
mill pryoperty owned by the bank were announced
18
by Walter S. Mack, Jr., President. No final agreement
been reached, Mr. Mack said.
He
indicated that
at
leasts
yet
ince,
non-
Oswego Falls Corp.—5-Cent Extra Distribution—
Assets-Mlash, $98,602; accounts receivable (less reserve for doubtful
accounts of $3,500), $62,490; inventories, $229,819; restricted cash (on
deposit with Reconstruction Finance Corp. for payment of property
$65,006;
cents;
15
1943, were said to amount to $31.50 per share.—V.
49,349
plant properties
y
$1
7#
of
15
April
$50,595
Deficit June 30,. 1943—.
■»
of
the
on
holders
to
Years Ended
$269;
19,
10, last, and on
1942.—V. 158, p. 1282.
754.
the
be
•
•
dividend
lations
pre¬
3,510
——
of
Oct.
on
$47,085
_
expenses
31,
the 6#
on
common
Sept.
Nov. 1 to holders of
stock dividend was paid
1943,
sum
Cuban
a
has
38,284,
...
—
loss for the
Dec.
March
Ontario Silknit
A
•
taxes),
of
The
both issues
on
the
on
accu¬
Pepsi-Cola Co.—Proposed Purchase of Mill—
Bank
The
'
-
—_
1
profit bef. depreciation
Net
made
were
cents
30,
Negotiations
receive
Outboard Marine & Mfg. Co.—75-Cent Dividend—
•
Plant shutdown expenses
Deficit
p.
154,
It
follows:
517.
p.
The
_
_
on
share were made
per
and Aug. 14, Oct.
156,
501,854
...
Depreciation
cents
payments
cents;
certificate
Statement, 6 Months Ended June 80, 1913
expenses
Miscellaneous
15
1942,
as
Phillip S. Hamilton, Herman Kunert,
Scanlon and John E. Tracy.
F.
income
Total
will
the
are
George
Net income from sales..
Other
shareholders
share has been declared
per
of
>
guaranteed; gold
V.
preferred stock, par $1, and on the common
both payable Oct. 29 to holders of record Oct. 19. Dis¬
stocks
profit on sales_—$85,369
selling
cents
and
10
payable
22 Va#
price
a
exhaust
10, last.
Aug.
Like
•
year
about
a
During
$587,224
•Gross
is
at
two
10
35
$5,
a
Trust
Oct.
1943,
600,000
and
do this will require
To
cost of sales.—
Deduct
of
tributions of
for
tract
Sales
Deduct
1,
stock, par $1,
therefor.
Taquamerion
value
par
share to $70
capital stock and
the company."
incorporation of
Joseph
that its
of
par
last,
Girard
(E.W.T.i,
1176.
p.
dividend
A
asset,
from $100 a
reduction
a
terminated and
June
10.
10, Dec. 10 and Dec. 21,
1748.
p.
cumulative participating
company
price
157,
a
and
assets,
desired
Liquidate—
19 had the following:
Old Colony Investment Trust
its
of
account
on
stock, par $100, payable
Distributions of $1.50 each were
2.
Pennsylvania Co.—Tenders Asked—
Olympia Brewing Co.—Smaller Dividend—
believe
capital
a
stockholders
such
V.
Man¬
1536.
p.
Oct.
that
18
call
dividend
1,
will
the
as
that as. this money has been realized by the
the proceeds should be distributed to the
liquidating
dividend
on
their
several
holdings.
Counsel have advised that this liquidating dividend must be paid to
the holders of the series A preferred stock who have a first claim on
.
sale
Oct.
of
Trust will be
the
—V. 158,
timber for the company's operations. They have finally succeeded
interesting a purchaser who has bought the Lac la Belle tract for
price of approximately $260,000 in cash.
a
notice
March
on
declared
been
preferred
Nov.
for authority
of stock ox General Capital Corp. which would be redeemable
cash, ar, the election of the holders, at substantially the equivalent
of the liquidating value of the assets of Old Colony Investment Trust.
the
in
General
158,
required to obtain logs from such tract for the company's
The other tract, known
some
and
in
VTaquamenon" tract, lies north-.,
east of Newberry, nearer to the company's operations, and the logs
therefrom can be brought in by truck haul.
The directors have felt
for
President
York and Milwaukee.—V.
record
the
usual cash dividend ordinarily payable on that date. Semi-annual cash
payments of 35 cents each were made on May 1 and Nov. 2, 1942.■—
as
shares
mostly in Alger County, Mich., some distance away from the com¬
pany's operations, and an expensive truck and rail haul on the D.S.S.
& A. RR.
Croil Hunter,
New
"News Bureau"
learned
was
give
that
-
is situated
la Belle" tract,
"Lac
its
on
Honolulu
outstanding debentures, amounting to
$782,900, for payment in the-near future anci that it also has under
discussion a plan for its .merger before the end of the year with Gen¬
eral Capital Corp.
If this plan is agreed to and carried out, the present expectation is
the
of the
to 5#
annum
lands* held
value
a
per
and
The corporation has already asked
Old Colony Investment Trust—To
The Boston
the dividend rate on
share
per
Seattle
projected one-carricr service between New York
Islands,
has announced.
install service between
to
$5
between
route
has
cumulative
of
issue
stock,
May
•
.
The directors, in
books
from
air
an
step in its
Hawaiian
On
The
a
payment of $30
This plan must
will participate in
whom
of
most
proposed amendment will also change
series
par
i
submitting
are
to
to reduce the capital of the company by cash
share to holders of the series A preferred stock.
per
the
ager,
Proposed—
establish
to
share
per
6#
June 10, Sept.
common
applied to the Civil Aeronautics Board for per¬
corporation has
this
on
cash
A
Northwest Airlines, Inc.—Seeks Pacific Permit—
states the answer, is unconstitutional because it re¬
stricts the defendant company in interposing any defense available to
it> against a charge of violating
the act or regulations, where such
act
the
holders
Peerless Casualty Co.—35-Cent Cash Dividend—
children's outerwear garments.
The
of $3
on
to
March 5,
Electric
(Continued from page 1640)
10
members
Security Dealers
was
of
the
National
Association
50 cents.—V. 158, p. 678.
of
p,
-
from
157,
2051.
Pollak Mfg. Co.,
A
stock,
This
Dec.
Inc.—To Pay 20-Cent Dividend—
dividend of 20 cents per
21,
share has been declared on the common
value, payable Oct. 29 to holders of record Oct.
with 15 cents paid on April 17, last, 35 cents
1942, and 15 cents on April 11, 1942.—V. 158, p. 1381.
no
par
compares
19.
on
*674
THE COMMERCIAL & FINANCIAL CHRONICLE
Portland'. Gas
.
The
-
directors
the 7"%
Coke* Co.—Accumulated Dividends-—
&
declared
have
dividend
a
of
cents
87
share
per
stock and a dividend of 75 cents per share on
preferred
on
the
#%• preferred stock, both on account of accumulations, payable Nov. 1
to holders of record Oct. 20.
A distribution of 88 cents on the 7%
preferred stock
iweferred and one of 75 cents on the 6%
Proctor & Gamble Co.—New Vice-President—
sequently
of
by
Period End. Aug.
Operating
Oper.
deductions.-
to
the
.office
of
Vice-President
-«
,
Oct.
on
in
charge
V
"
.
told
14
that %
for
soap-making had been hard to get, operations
affected only slightly.—V. 158, p. 1476.
asset
compared
value
with
share
per
$10.83
a
Sept,
on
year
30,
and
ago
1943
.
$11.29
at
the
to
that
$13.26
beginning of
to
the
year.
*$1,601,865
Operating income
Ordinary
income—non-
*$379,877 *$3,949,038 *$2,926,404
;
•
•Gross
DedUC.
from
Dr6,751
20
7,260
41,650
*$379,857 *$3,955,789 *$2,919,144
22,631
V 266,519
143,343
income- *$1,643,303
*$402,488 *$4,222,308 *$3,062,487
inc.— *$1,601,653
ordinary
inc._
orcl.
than
U.
quarter,
ordinary
Pr449,985
(net)—
Cr550,015
—
S.
earned
surplus
♦Loss.—V.
cash
the
with
compared
of
sales
''
and
Total
*
-
better
The
10
directors
25.
have
stock,
common
and
•
next
two
dividend
each
cents
against
as
year.—V.
the
157,
of
of
share
per
that they
further substantial divi¬
a
349.
p.
is
announced
Payments—
'
Present
Unpaid
Principal
•
Original
the
Series
,/V
'
$1,000 Bond
A
$510
AA
Bond
34ot"l%
'
-
1,000
4th
Present Unpaid
Original $1,000
to be Paid
790
3rd
680
11.85
3-%
above statement does
unrealized losses on securities.
at
,
5th
900
650
2V2 %
7th
800
14V2%
8th
1,000
-
'
$67,636
10,553
$55,189
None
900
None
None
1%%
16.25
500
None
960
3%%
37.20
13th
980
1 Va %
14.70
ls/s%
850
2 V# %
980
1 Va %
17th
800
18th
850
for
registered
March
pursuant
1,
to
should
receive
to
1938,
the
distributions.—V.
157,
mentioned
and
V
,
Operating
——
$727,092
273,966
305,523
17,986
15,484
paid,
of
not
been
authorized
51.014
35,327
Provis.
State
for
depreciation
and" munic,
Social
income
67,023
I
802,000
801,413
73,240
•
877,638
890,117
4,536
53,261
55,124
13,270
operating income
Won-oper. Income Dr___
Gross
income
%% 13,173
148,422
$199,726
1,120
$3,073,588
$239,217
376
,J—$238,841
$2,876,639.
5,078
$3,068,510
65,084-
19,081
$2,857,558
1,222,860
819,833
3G2.591
580,430
surtax
excess
Net
26.000
profits tax_
131,000
158,
$109,752
9 Months Ended
$96,722
$1,352,059
$1,457,295
55,816
55,816
"669,797
*
•
'
•'
-
Operating
Other
Corp. of New Jersey (& Subs.)—Earns.
1943
"•.v..>..
•
-
j.;.
'
.
'
___
259,264
—
(interest
on
bonds, etc.)——
dividends
on
20,721,337
9,218,523
1,125,845
Balance
4,837,303
14,540,510
10,323,529
—
Income deductions
(principally
59,880
23,225,518
Federal excess profits taxes
Other taxes
cos.
$5,448,795
——
of
of
than that
bondholders is
great'
the
period- of
years5—a
risk.
of
believe
we
"V/'V"';'
the
company's plan.' Without
objections which condemned
generalized
the
$11,776,144 $10,376,968
7,388,202
7,388,202
stock dividends
4,127,395
3,852,235
that
report
it
following
has
of
arrears
should
interest
extended
is
items
additional
before
be
for
are
the
on
in
at
should
be
represented
1943.
once.
1948,
or
as
there¬
soon
:
board
the
on
7Va%, '•
of
average
.
doubt
each
the
of
Federal
these
Court
Ideas.
that
so
It
their
of
directors
proceedings will, result in consideration
is.
Important
interests
that
bondholders
should
be
protected and that provi¬
principal and interest due
them before any consideration whatever is
given to the stockholders.
'
sion
be
may
made
for
the
the
be
may
Committee
full
of
amount
$5,448,795
Brooklyn 2, N. Y„ Counsel.—V.- 158,
of
record
1942.—V.
an
equivalent
73,909
interest
$1
ot
The
475
of
the
trust
at
R.
York
158,
the
1941
V
:
1942
$1,229,886
Republic Pictures Corp.—Setay Co. Would Control-
5
(& Subs.)—Earnings—
1943
$1,563,001
294.
p.
series
a
Securities
and
of
transactions
Exchange
corporation will
be
which
Commission,
vested
have
67%
a
been proposed to the
controlling interest lit
in
Setay Co., Inc.;. an investment com¬
pany.
Consolidated Film Industries now controls 67% of Republic.
'
As a result of the proposed
transactions Consolidated would hold
approximately a two-thirds Interest in Setay Co., Inc., of which it is
1940
$589,638
293,536
1383.
p.
sales
—V.
cost,
$624,644
17,
C.
Quarter Ended Sept. 30—
158, p. 1177.
1942
are
Edwin B, Meredith, Chairman;'
Zaidenberg and Theodore Wechsler, Secre-Green--9-7027), with Julius Silver. 295 Madison'
N. Y., and Lewis, Marks & Kanter, 50 Court St.,
Milton
Bowling
New
Gross
in
$562,118
315,307
of
Schiff,
(Tel.
(Robert) Reis & Co. (& Subs.)—Sales Higher-
par
held
shares
members
Jacob
shares of bene¬
595,080
(exclusive
paid
1953.
tary
Ave.,
beneficial
share
earned
maturity date should be
practicable
26,850
275,816
&
contemplated
Republic
will
be
wholly-owned
a
subsidiary.—V.
145,
2008.
p.
_
,
in¬
; 137,950
158,900
$38,215
$87,911
40,036
172,995.
Reynolds Metals Co.—Proposed
153,698
dividends
Acquisition—r J
stock
41,830
81,075
$0.34
$0.86
$0.88
crat,"
Nil
Include
in
41,830
81,075
on
„__y
Carsings
41,830
offer to purchase the Charter Oak Stove &
Range Co., North
Louis, said to be the oldest company of its kind west of the Missis¬
sippi River, is being made to its stockholders In behalf of Reynolds
Metals Co., it was learned on Oct. 14, said the St. Louis "Globe-Demo¬
St.
$160,124
36,484
___
___
share
$158,113
only interest actually
is not
Balance
banks and
received;
accrued
included.
Sheet,
,
1943
30,
>
doubtful
notes
-.VV•.
yyy,,y
•
..
-
"It
■
of
is
acting
profits taxes,-,
estimated. $15,000; deposits {rents and utility
companies), $455; cash
value, life insurance, $4,016; deferred charges, $77,706: furniture and
fixtures
(less depreciation), $49,025;
intangibles, $81,114; total, $2,801,333.
added:
Manufacturing Co., founded 90 years ago;
It-became*incorporated un¬
der its present name 40
years-ago by George* Dana, William Duncan and
Thomas West.
•
■
:;y
•
hand, including cash items, $298,306;
on
which
>
"The price was said to be $41 per share.
There" are about 7.000
shares outstanding, so that the deal involves a'total
of:$287,000.
; - .
"The Charter Oak Stove &
Range-Co. was originally • the Excelsior
in¬
;
Sept.
installment
notes
receivable
(less,
reserves
for
$117,674), $2,275,711; claim for refund of Federal
excess
ment
understood
fc,
on
the
v
.
would
nor
158.
.
Mercantile-Commerce* Bank, & Trust, Co,
agent in the deal, although; bank officers-declined, to
as an
meat.'!—V.
officers of Charter Oak Stove
1178.
v
_
make
any
state*
The corporation, formed
as a. result of reorganization of the Reynolds
Investing Co., Inc., reported Oct. 11 that the greater part of its assets
liquidated.
The cash balance of $1,196,982 on Sept. 24" waa
said
to
represent
about
78%
of total assets
after Oct.
1
interest^
charges.
"•
^
had been
$11,500;. sundry accounts payable and accruals, $16,940; miscellaneous
accrued, $2,635; reserves for Federal taxfcs on income,
Including
interest, $131,036; funded debt, $664,000: preferred stock (par $12.50).
$810,750; common, class A (par $1), $133,502;. common, class B (par
remain
$5,000
plus,
capital
surplus (paid-in,
total, $2,801,333.—V.
$140,666;
The directors have declared
and
the
$364,548), $388,642;
158,
p.
earned
of
sur¬
29.
share
per
last
directors
year,
also
the
on
record
extra
an
declared
6%
Oct.
of
the
preferred
20.—V.
dividend
15
cents
regular
stock,
of
25
cents
158,
on
$100,
Oct.
Oct.
20.
of
Oct.
29
Rand
and
Transvaal
Consolidated
Land
&
corporation
of
to
similar
ensure
that
majority
a
nationality.—V.
155,
p.
of
members
of
the
15
board
the
directors
no
have
declared
will
6
Rio
Oct.
V.
value common
par
15.
154,
stock,
50
payable Oct. 30
cents
to
The previous payment was one of 25 cents
p.
per
holders
on
of
Dec. 20,
were
35
follows:
as
cents
each;
;
Feb.
and
16.
50
Dec.
25,
15
cents;
May 15;
cents.—V. 157,
%/:
■;
of
the
U.
McCarthy
Western
S.
and
District
Henry
RR., will,
Court .for
Swan,
trustees
and after
Nov,
the
District
of
the
of
Denver
1,
1943, purchase
the Rio Grande Junction Ry. first
mortgage 5%- bonds, due Dec. lr
1939, at the price of $1,420.83 per $1,000 bond, such price representing
the principal amount of
each of said bonds,, together with interest
thereon
from
5%
annum.
per
at
or
on
June
of
price,
Trust
share
1942
16.
order
to
Wilson
Grande
Holders
of
157; p. 1565.
Rio Grande Junction Ry.—Bonds to be Purchased—
607.
dividend
a
in
Nov.
'
Pursuant
Rapid Electrotype Co.—Resumes Dividend—
The
and
Colorado,
Exploration Co.,
Ltd., have announced special meetings for Jan. 28 at which resolutions
will be submitted with a view to assuring that control of these com¬
panies will be vested in shareholders of South African or British
nationality.
Companies will also propose altering of articles of In¬
be
bonds.'*—V.
35 cents per share.has been declared on the
stocks, payable Nov. 15 to holders, of record
was paid on
Feb. 15, May . 15 and Aug. 16,
to
Mines, Ltd.—Special Meeting Jan. 28—
company
amount
1468.
p.
1538.
p.
of
B
like
A
Payments
Aug.
$1.50
dividend
common
and
25.
last.
paid.
was
interim
common
common
dividend
payable
share
per
the
record
share
per
quarterly
par
United States Government
(R. J.) Reynolds Tobacco Co.—35-Cent Dividend—
.
:
This
in
even
An
extra
an
quarterly dividend of 15 cents per share
$10, both payable Oct. 29 to holders of
par
Oct.
The
this point on," the report
said, "the value of the assets will
relatively stable, since- only 22% of the assets are Invested in
with market values subject to fluctuation.
Under the plan
reorganization the cash balance-cannot-be invested in any way,, not
"From
securities
1075.
usual
—_
Co.,
1,
1935,
to Nov. 1, 1943, computed at the rate of
' '>•.■
may deliver the same and receive the pur¬
.
said
on
bonds
or
after
Nov.
70 Broadway,
the
on
office of
the
1,
New
1943,
in
the Central
at
York, N.
trustees
Hanover
Bank
&
Y.-, (as agent of-the .trustees),
Colorado, bonds in coupon
Denver,
form to be accompanied by-the coupons
maturing on Dec. 1, 1935, and
subsequently, and registered bonds to be accompanied by duly executed
record
1941.—
Instruments of
249.
transfer.—V.
136, p. 2417.
,
Balance
—
—
__
♦Deficit.—V.
;
158.
p.
$260,547
(Revenues and expenses of
ers
car
and auxiliary operations)
1943—Month—1942
1943—8 Mos.—1942
Sleeping Car Oper.:
Total
revenues—$10,216,535
7,541,402
$8,616,070 $76,391,832 $59,382,230
6,115,088
55,643,226
46,140,013
to
New
revenue
Auxiliary
$2,675,133
$2,500,982 $20,748,605 $13,242,217
oper.;
403,274
332,096
2,866,599
Total expenses—
2,434,469
269; 444
233,202
2,006,238
1,756,419
Net
,
revenue
Total net. revenue—
•Taxes
accrued'
Operating income—,
$133,830
$2,808,963
$98,894
$678,050
$2,599,877 $21,608,967 $13,920,267
2,196,243
1,749,247
17,612,354
8,752,953
$612,720
$850,629
$3,996,613
$5,167,314
♦Includes payroll taxes of
$320,412 for the month of Aug., 1943, and
ft-2r317,259 for the 8-months ended Aug; 31,
1943; alsu U. S. Governwent income- an<r*excessprofits taxes - of
Aug.,
—V,
$1,620,824' for the month Of'
1943, and1' £13,602,139
158, p. 1382..
.
for; the
a
months
ended
Aug, 31,
1943.
and
to
oppose
the
company
sponsored
plan-
for
voluntary
extension of the bonds by bondholders, has
actively demonstrated to
bondholders; the
inequitable nature of the company's plan, which
has now failed of
acceptance. The committee is arranging to appear"
in the Federal Court
proceedings to continue its championship of the
cause
of bondholders and to assist them in
receiving fair treatment
applicable
law.
The
letter
of
the
Committee
,
.
.
to
the
'
.
bondholders,
dated
Oct.
11,
letter
to
further states:
In
announcing
the
filing
of
the
petition,
in
a
recent
bondholders/the company has left the inference that its plan, which
failed
to
receive
the
bondholders'
blessings, may be revived and
resurrected:
in
the
Federal
Court
proceedings-,
Bondholders
should
keep in mind that any consents heretofore filed with the
company are
now
invalid for
the
purposes of the-court proceedings.
Any plan now
promulgated will have-the advantage: of the prior scrutiny of the SEC
and of the court; and. it must be submitted anew to
bondholders for
their
consideration
in
the light of
the
altered
circumstances.
directors
have authorized an extra, dividend. of 15
cents-per
the regular quarterly dividend of-15 cents
per. share on the
stock, par $1, both payable Dec. ,1 to, holders.of record Nov. 15,
and
common
York.
The position of bondholders has been improved thereby,
to the opinion of the bondholders' protective committee.
committee, organized In July to protect the interests of bond¬
The
under
$860,362
Represent Them in Court Proceedings—
An
p.
No
one
extra
of
2456.
like
amount
was;disbursed
on
Dec.
1,
last year.—V.
157.
..
St. Louis-San Francisco Ry.-
according
holders
Total revenues..„_—__i.
share
A voluntary
petition for reorganization, under Chapter X of the
Bankruptcy Act, as amended, was filed on Sept. 28, 1943, by the
corporation, in the U. S. District Court, for the Eastern District
of
Total expenses———
Net-
The
tective Committee Seeks Authorization From Bondhold¬
Pullman Co.—Earnings—
Period Ended Aug. 31—
Rustless Iron & Steel Corp.—Extra Distribution—
Realty Associates Securities Corp.—Bondholders' Pro¬
*$863,469
1177.
.
*
■
.
.
was.
com¬
Reynolds Realization Corp.—Liquidation Report—v '
.
banks, $105,000; commercial paper, $350,-
employees' taxes withheld, $2,690; dividend, on preferred -stock,
payable Oct. 20, 1943, $12,972; installments due within one year on
sinking fund debentures (less debentures purchased and deposited with
trustee," $10,000), $26,000; interest accrued on sinking fund debentures,
000;
t
pfd. stock dividends
com.
primary
criticisms
these
whole,
a
Bondholders
No
chase
,
"
Public Serv. Corp. of N. J.
Public Serv. Corp. of N. J.
the
basic
our
*5,335,777
1943
_____
Assets—Cash
1,125,846
14,610,989
\
v
take
who
represented
!
$12,259
$528,263
352,097
Consolidated
9,818,509
payable to the public
preferred stock of Public Ser-
vice Electric & Gas Co.)
income
carried
are
terest earned but not collected
On
10,237,125
12,166,967
6,880,330
15,194,023
income taxes—
the
Finance
a
more
direct
and
democratic way and the proposed indenture
should be otherwise modified to give suitable protection to bondholders.
valuing securities owned at market
per
each
—_
disc.
dividends
holders of
Depreciation and retirement expenses—
Net
on
value
and $5,872,822
Fed.
per ■
•Gross
135,963,106 123,466,523
57,271,273
49,603,463
10,987,870
9,334,412
Expenses
.
shares of
$13.26
Sept. 30—
income
stock,
$
"—
•
Maintenance
6ubsid.
1942
•••
(corporation and subs, cos.)—
Total revenues
Federal
1943,
deb.
Preferred
(subsidiary companies)—— 135,703,842 123,406,643
revenues
revenues
default,
role' of liquidator
property
term-
1933
Reconstruction
the
the
the
if
quotations,
market
at
669,797
Sept. 30—
that
in
Railway & Light Securities Co.—Extra Dividend—
Public Service
that
additional
an
whether anypresently operated.
as
An
1283.
p.
order*
in
the, question
to
company
remember* the
to
$8,010,978
tBased
par
taxes
come
$1).
income
Preferred div. reauir—
—V.
36.800
in-full
a
current basis, for the years 1941,
1942 and
appropriate sinking fund should be provided.
The
as
(5.)
taxes
'
fed.
$1
Liabilities—Notes payable:
$198,606
103,089
~
157,990
-
Fed; income tax, normal
and
of
intang.,
Net
414,652.
4.315
Net
©eductions
515,144
Fed"--'
taxes
suited
89,262
17,596
owned
492,730
securities
177,241
than
other
195
15—
2,815,288
223,726
68,151
and State——
taxes,
$8,188,464
2,845,860
59,173
taxes:
taxes,
sec.
eral
fed",
1
-
4,652
1,485
purchased
equivalent to
common
$8,539,839
■
5,010
exp.
(net), prov. for
doubt,
notes,
amort.
1943—12 Mos.—1942
$714,032
—
revenues
Operation
Purchased power
Maintenance
34,708
___
valuing securities
9 Mos. End.
Hampshire—Earnings-
-1943—Month—1942
company.
debt
on
All
(4)
after
405,949
39,713
—-
on
interest
Earns,
Period Ended Sept. 30—
(3
$5,003,291
receivable—:
sold
—
Common
Public Service Co. of New
the
will
17,889,993
Int.
10.63'%*
previously
any
believe
company's
An
Through
1564.
p.
given
by
circumstance
more
abridging
as
the
note
1942
$7,611,886
Railroad Employees' Corp.
the various
plans of reorganization since
be presented for stamping and registration in
above
the
for
were
or
plan
(2)
$14,127
♦Gross earnings
Operating expenses
Checks will be mailed to all registered holders of record.
; The company also announces that any bonds which have
and
gains
of
Oct.
13.00
1%%
.
beneficial
Certainly
the
is
Corp.
debtor
the
any event:
■v *::-".'■v ;
(1) The interest rate should not be reduced to 4,/a% as was proposed
but the original 6%
rate should be restored.
In this connection we
"*
securities
Note—The
16.25
V
the
30
'
$6,870,976 in
18.06
.
'
These
limiting
$45,686
realized
V
14.70
•
V/*%
be
must
fulfilled
be
We
risked
computed
Assets, Sept.
None
1,000
the
uncertainty—the RFC should guarantee ultimate payment,
should, at least, share a large part of the common stock with
It
or
treasury.
25.00
1,000
15th
net
$8,010,978
securities
$10.83
ficial
12th
order
Payable
quotations,
16.25
9th
14th
be
bondholders
9.504
$57,083
include
not
Net
dividends
per share for
value each
outstanding.
116.00
2»/a%
16th
Finance
of
refund
economic
8,795
Net assets Sept. 30
to
11th
....
for
—
♦Based
10th
4
to
bondholders"
and
may
operator.
1941
352,883
Total
*
•\
default
of
$46,394
quotations
and
Accrued expenses
Dividend payable
"o
8.50
,
None
6th
market
interest
Total
30.00
iV*%
is
connection
Corporation
of
1943
$3.83
'
1V2%
17%
to
Liabilities-—
per
,
Interest Rate
21%
1942
14.601
Securities
out¬
Payment in Dollars
'
Per
stock
position
consideration
function
this
1943
com¬
11,783
Cash
standing publicly held bonds of this corporation will be as follows:
■
Reconstruction
common
a
its
to
—$57,403
Statement of
to bond¬
the
at
of the total
$55,852
Prepaid expenses
the interest payment of Nov. 1, 1943,
close of business Oct. 15, 1943, on
that
holders of record
In
$72,004
Note—The
net
Accrued
Prudence-Bonds Corp.—Interest
It
the
30
15,788
______
income
Receivable
•
Sept.
In
economic
1943
incomey
share in pre¬
per
in
equity if it has any confidence in-the<future-of the'
•'< 1,
■
■
' •
'
<
determining
whether 'this
should
be
company
liquidated or
the
$56,216
capital stock—
bonds
on
on
on
to holders of record
on Feb.
10. May
made
cents
is
worthy of note in
Net
directors stated
the
payment
cent
one
were
three
the current dividend,
consideration
under
dend
of
a
value, payable Nov. 25
par
this year,
10,
Aug.
ceding quarters.
In announcing
have
declared
no
Distributions
that
the
of
agency
continued,
other
during
,
Expenses
Privateer Mines, Ltd.—Reduces Dividend—
the
of
from
-
income
securities
As
quality bonds—was reduced
'
Oct.
of
$767,000
$308,000.
*$402,488 *$4,772,323 *$3,062,487
*$193,318
to
backing portion—consisting
total.
Interest income
1537.
all
of
protect
-
Sept. 30 approxi¬
on
purchases
amounted
3 Months Ended Sept. 30—
_
to
—
158, p.
New
obligations
portion of the Fund amounted to 61%
pared with 59% on June 30. The investment
Dividend
income transf.
Net
Government
stock
common
of
Net
Delayed income
market value
a
_
212
_____
be
company.
Securities costing $6,871,000 had
mately $741,000 in excess of cost.
past
communication
should
believe
to
reason
owner
equal
was
substance
or
.
stockholders
(George) Putnam Fund of Boston—Earnings—
Net
assuming
that any new>plany; so 'developed; willfollow
of any heretofore proposed;'and'certainly nodiscouraged from-asserting'1 "his-rights'by any
notion that the
company caifie so close-to reaching its'goal'that any
opposition would be futile;',; "'
•'•■>•*'''. '.V
As pointed out before, the
greatest berieficiary of" the 1933 extension
of maturity proved to bev the' stockholder, the book value of whose
,"
equity has increased by $2,147,781 during the very period when the
company failed
to pay even the full 5%
on
the bonds.
We have1
form
bondholder
—
1943—Month—1942
1943—8 Mos.—1942
$2,044,122
$.1,875,362 $15,535,123 $15,235,851
3,645,987
2,255,239
19,484,161
18,162,255
31—
revenue
rev.
(& Subs.)—Earnings
directors
materials
raw
had been
Postal Telegraph, Inc.
the
advertising and promotion.
R.
Deupree, President,
Richard
■while
Aug. 2, last (see V. 157, pp. 1564 and 349),—V. 158, p. 1382.
is Justified' in
the
Neil H. McElroy has been elected to the board of directors. Formerly
manager of advertising and promotion, Mr. McElroy was elected sub¬
;;
made on
were
Oetob#'25^ 1943
-Payment
on*
Fort Scoti
Bonds—
•
J.
M.
Kurn
and
accordance
with
to
and
pay
on
Frank
Court
after
refunding mortgage 4%
Ry./Co., as;follows;;-. •
Payment
in
full of
A. Thompson;- trustees,* announce^ that in
Order, .dated Oct.. 14, they will-, be prepared
25,-'the sum of $160.60 on each $1,000
.Oct.
bond of
"<
interest
Kansas
■%'
•
due
City,
.<
Fort
Scott
&
Memphis
>.•%.
*•-;
Oct..,l-and
April.. 1, 1943;? •$40.00
Unpaid balance of interest due Qct.,1,. %
11,00
Payment in full of interest due April 1, 1939, Oct.
1, 1938,
\
April 1, 1938, Oct. 1, 1937: fthd April' 1,
10000
Payment on account of interest due Oct.; l; >1936Iii:"__:__L
9 60
.--
Total
'
■"—-
:
.$160\60
The actual bonds,, whether
in\coupon or in fully registered: form
(accompanied: by letter of .transmittali\: should be presented' to C. Wi
Michel, Executive Eastern*- Represehtative'n for the " Trustees-*"Room
2549; 120 Broadway. New ^Yorlc (5»; N. Y;;. or" to the
Trustees,. Room
Treasurer'for the
912
Fisco
Buildiiig,
St.
Louis"
(1),
Mb:--'The- bonds
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume'158" Number''4223 "
Will-be stamped with' appropriate notation of "such payment.
■Certificates of- deposit- should be presented for payment
such
ment, .1(3-Wall St.,' New .York-City.'
;V„rPayment
■
Bonds—J, [/■'
Prior Lien
on
:
that in -accordance with court order
they will be -prepared to - pay on and -after Nov. 12, to holders of
St. Louis-San Francisco Ry. Co. prior lien'mortgage bonds, Series A
and Series B (also Series E in temporary form) outstanding in the
hands-of the public or pledged, the sum of $8*416,790, being payment
.in full of'the interest installments, which became due on Jan. 1 .and
'
-
further
trustees
The
Net
announce;
at the following rates: (a) Series A 4% bonds: $40 on
$20,on each $500 bond, $10 on each $250 bond .and
$4 on each $100 bond, '(b) Series B 5.% bonds: $50 on each $1,000
bond; 7 $25 on. each $500 bond,- $12.50 on each $250 bond, and $5 on
each $100 bond,
(c) Series "E 6%: bonds: $00' on each $1,000 bond, $6
on each $100 bond.., '
L'.
s
' J
*'
;
1 '
•
7
The actual bonds, of .each issue, should be presented or forwarded
to C. W. Michel, Room 2549, 120 Broadway, New York (5), N. Y., or
Louis (1), Mo. The bonds will be stamped with appropriate notations of
euch payment pursuant to above court order, and returned to holders.
V Fully
registered bonds should likewise be presented or forwarded
for stamping and payment of such interest to either of said offices,
v : Certificates of deposit-for
prior lien mortgage bonds should be pre¬
sented or forwarded .for stamping and payment of such interest to
Central Hanover Bank and Trust Co., 70 Broadway, New York City.—
'
each ,$1.000.bond,
V.
30,
share
158,
of
prior stock.
Interest
the
directors
have
stock,
common
declared
10
dividend
a
of
35
cents
share
per
on
payable Nov. 26 .to holders of record Oct.
$1,
par.
of
Distributions
26.
$141,562
7
———.
Cash dividends
each
cents
made
were
last
year
June
on
$89,711
1,218,594
31,040
f
24,768
Total
income
$1,090,719
by
admin,
$1,207,975
67,528
$1,339,345
67,474
petition revising proposed payment ofj interest on bonds
of the road has been filed in Federal Court by Bferryman Henwood,
trustee of the railway.
The
amended
petition leaves unchanged the recommendation of Sept.
coupons on the 4% second mortgage gold income bonds
11 to pay seven
The
certificates.
July
.payments from
five
to
bonds,
inclusive.
1,
coupons
seven
.unifying' mortgage
to.July
semi-annually July 1, 1940 to
seeks authority to increase the
dated
petition
are
The
inclusive.
1943,
1,
coupons
dating
the
on
5%
terminal
first
from
semi-annually
July
57;894
58,882
66,361
133,606
148,525
24~690
71,236
47~766
36,923
$1,154,655
Legal fees & other exp.
Taxes
_.
of
payment of three whole coupons on the
and refunding mortgage bonds as originally intended,
the amended petition asks for authority to pay only two whole
coupons
—those due July 1, 1936, and Jan.
1, 1937—plus a partial payment
of the July 1, 1937, coupon at the rate of $15 per $1,000 bond—V. 158,
p. 1477.
Net
stock
St. Paul Fire & Marine Insurance Co.—Extra Dividend
.
Oct.
paid an extra dividend
addition to: the usual quarterly dividend of $2 per
mon
stock, par $62.50 per share, both to holders
Extras of $2 per share were also paid on Oct. 17,
on
company
1941.—V.
18
of $2 per share in
share on the com¬
record Oct.
1942, and Oct.
of
$825,455
17,
the investment
$877,711
research
and
$1,021,449
basis,
and
serviced
its
Safeway Stores, Inc.—Sales Lower—
■>'■'
Period End. Oct." 9—
Stores .in operation on Oct.
a
■
1943—4 Wks.—1942
earlier.—V. 158, p.
year
'
.
,
1943—40 Wks.—1942
$47,057,369 $47,770,049 $450,285,246 $462,234,911
Sales
,
.
San Diego
9, last,
numbered 2,481,
'
r
1383.'
by it
tLegal
on
other expenses in connection with
fees and
Maintenance
and
Depreciation
Sheet,
$28,500 of
at
104
investment
Prov.
for
■Taxes
423
employees' past-serv. retire, annuities
(other
♦Provision
in
U.
Investment
in
other
Special
S.
for
for
taxes
624,557
2,223,053
income
61
,
cumulative
prior stock
$1.50 cumulative
stocx
Stock
Reserves
Bank
for
(par $1)_1
for
19,713
loaned
Dividends
stock—
stock
outst.,
♦Inasmuch
known
rates
Oct.,
for
1942,
of
shares
Federal
it
A
>
1,062.500
number
avge.
the
as
until
$1,538,915
375,000
stock-..
common
on
1,197,270
for
record
to
necessary
was
income
on
374,329
1,069,481
1,250,000
.
taxes
352,727
26,700
against cash-
160,129
111,857
_> 11,284,128
31,
1931,
$30,246,851 $31,268,634
carried at the lower of
are
market at that date.
Subsequent purchases are carried at cost.
market quotations as at Sept. 30, 1943 and 1942,
or, in absence thereof, on their then fair value in the opinion of the
corporation, amounting to $32,280,776 in 1943 and $24,752,397 in 1942,
or
$3,198,255 in 1943 more than amounts shown and $5,620,582 in
than
on
the
prior stock.—V.
Year Ended
amounts
158, p.
shown.; ♦♦3,450 shares
$5.50
cumulative
492.
Income
July 31-
3,426,304
2,882,050
advertising expenses-
Administrative
and
1942
were
extraordinary
general
214,844
433,404
(less
other
425,054
$1,787,827
expenses
495,501
income).
51,020
130,041
1,435,294
837,084
latter
part
of
that
year;
accordingly, effect has been given in this statement of income to the
of such tax adjustments applicable to the first eight months
1942 amounting to $86,947.
In its Federal income tax return for
and
the
claimed
company
as
deduction
a
unamortized
the
net
income--
$301,513
Consolidated
resale
to
doubtful
on
hand
employees,
Balance
in
and
$9,513;
Sheet,
July 31,
banks,
$576,891;
defense
receivable
accounts
accounts), $729,525; creditors'
$398,944
1943
(less
debit balances,
bonds
for
the
under
12
for
months
ended
ended
above
period
1942.—V.
31,
less
are
Aug. 31,
stated after
is
ended
158,
Aug.
discount
receivable, $1,512; inventories, $1,265,506; U. S. Tax Savings
Notes, $1,000,000; other assets, $111,040; fixed assets (less depreciation
reserves
of
$402,945),
$942,715;
deferred
charges,
$48,144;
total,
$4,689,201.
1
■
■b
and
Co.,
$79;
stock
common
surplus, $534,299;
total,
(296,989
shares,
par), $1,484,944;
no
$4,689,201.-—V. 157,
172.
p.
Sierra
President.
Davidson,
1943
by
approxi¬
$102,000
2,
period
$75,000 for
has
Manager,
would
last.
During
Nov.
1942,
stock:
common
the
Feb.
2
following disbursements
and
2, 30 cents each.—V.
1,
May
158, p.
40
cents
made
were
totaled
of
198,860,000
elected
been
a
Vice-
158, p. 584.
directors
the
on
with the company since 1916.—V.
McDonald,
F.
Discussing
Ernest
Sanders
Marston,
hotel
company
Chairman,
on
C.
14,
Oct.
stock,
amount
Dec.
on
on
common
like
A
1942,
as
18
told
for
the
and
each;
compared
dividend
15
to
this
of
75
holders
issue
1
Aug.
Tons
year
the
account of accumulated interest
hearing to consider a proposal
to
pay
off
$12,841,000 of receivers' certificates and to consider changes in alloca¬
tions of securities of the Carolina Central 4 %
bonds and the Florida
&
Peninsular
57c
bonds.—V.
158,
p.
1477.
Setay Co., Inc., New ^ork—Exemption Plea Filed with
SEC—
,
a
Exchange
of Section
17
transactions
■
supplied
capital.-r-V.
compared
as
158,
I
^
operating companies in tho
the week ended Oct. 16, 1943.
with
162,194,000 kwh. for tho
increase of 22.6%.—V. 158, p. 1540.
an
ernment Securities—
Public
distribution
of
approximately $25,000,000 worth of Rockefeller
holdings of Standard Oil stocks is planned for October 25 when Dillon,
Read
&
Co.
and
200,000
shares
Socony
of
nationwide
a
Vacuum
of
Standard
Oil
Co.,
Sinclair
four
and
Jr.,
of
Oil
stated
he
All
of
Co.
of
of
will
500,000
he
Oil
Indiana, and
oi
of
Co.
150,000
Rocker!
of
tho
Center.
already has
these
large holdings
holdings
being made for that
being-offered
'58,
offer
shares
Standard
the proposed sale of these stocks,
stocks
Exchange.—V.
Oil
houses
Jersey,
of stock represent holdings of John D.
block of Sinclair stock represents holdings
increase
are
the
of Standard
investment
New
shares
blocks
the
while
to
sales
of
Co.
100,000
Corp.
Rockefeller
that
wishes
of
group
Oil
Inc.;
50,000 shares
first
1477,
p.
Rockefeller'
Mr.
of Government
in support
of
the
bonda
effort
war
and
purpose.
are
listed
on
the
New
York
Stock
1540.
Standard Stoker Co., Inc.—50-Cent Dividend—
The
directors
Oct.
declared
20
dividend
of 50 cents per sharo
1 to holders of record
Sept. 1, last, as against
25 cents each on March 1 and June 1, 1943.
Payments during 1949
were
as
follows:
March 2 and June 1, 50 cents each; and Sept. 1
and Dec. 1, 25 cents each.—V. 158, p. 1180.
the
on
on
stock,
common
16.
similar
A
Divs.
&
was
received.
for
Dec.
made
1942
$1,218,531
_
taxes--
:
on
<4
Corp.—Earnings—
1943
Sept. 30—
int.
Reserve
a
payable
$5,
par
distribution
State Street Investment
9 Mos. End.
1941
$1,378,484
"$1,186,833
1940
$1,098,051
24,377
50,400
63,372
75,959
199,939
139,566
145,530
150,794
$994,215
$1,188,518
$977,932
$871,297
883,312
821,782
817,858
820,358
$110,903
Expenses
Net
income
Dividends
.
_
declared
Surplus
Net
—
received
$366,736
$160,074
$50,939
.
only.
Number
Net
shares.
of
value
asset
■K;
sh.
per
v>:>:
Asset
Value
Sept. 30, '43 Sept. 30, '42 Sept. 30, '41 Sept, 30, 40
$47,469,738 $32,403,189 $34,124,335 $34,046,392
595,139
553,357
541,905
546,905
asset value
and
with 50 cents
Aug.
on
30,
Nov.
last,
1942;
31,
share
per
record
$79.76
Balance
.
$58.56
Sheet,
9.
cents
July
on
30,
1941.—V.
v>1943
$1
Accounts,
Total
'
Net
'
current
60,144
63,319
$185,014
for
575,249
573,934
$3.58
$2.94
158, p. 398.
*596,759
$2.81
.
damage
action
Oil
Service
Texas
Co.
Court
on
Simon
H.
instituted
Co.;
and
Barber
Rifkind
Oct.
against Socony
Asphalt
Wallace
on
M.
Co.;
145,758
....
59,784
taxes.....
40,901
48,000
31,980
297,569
276,678
32,992.451
30,143,185
14,477,287
.
...
Surplus
8
dismissed
2,260,004
Vacuum
General
Hendrickson,
Oil
IjicJ; Cities
Supply Corp.;
filed 'In Federal
Co.,
Builders'
which
was
May 24, last.
1
•
The action, filed under
provision of the so-called "Informers' Act," a
Civil War period statute, by Martin Benjamin, alleged collusive bid¬
ding and price rigging in sales of asphalt emulsion to the Government
since 1934.
Judge Rifkind ruled that the Government filed a similar
action in Brooklyn Federal Court on Jan.
20, last, seeking damages of
$871,875.—V. 158, p. 1539.
$48,012,794 $32,773,226
♦Cost of securities,
$34,156,911
in 1943
tRepresented by 595,139 no par shares in
'
$10,000,000
a
1
Total
shares
*
Socony Vacuum Oil Co., Inc.—Suit Dismissed—
Judge
purchased
...
declared
stock
61,934
—
taxes.—V.
for
$4,458
$7,964
securities
....
$239,901
6,493
cost per ton.
♦Ex-reserve
fee
for
tCommon
48,524
—
assets—
;
'
payable
payable
Reserve
1943
8,569
—
345,837
$48,012,794 $32,773,226
Dividends
1st quar.
quar.
1943
$182,084
...
profit
Operation
2nd
1943
receivable.__—167,560
& int.
divs.
Accounts
Mines, Ltd.—Quarterly Report—
.
$9,017,014
23,610,375
......
Liabilities—
on
680.
p.
1942
$6,109,311
41,735,924
•
Management
'
milled
158,
$62.25
$62.97
Sept. 30
and
-
Southeastern Greyhound Lines—Two Extra Dividends
registered investment company,, asked the Securities
Commission Oct, 12 for exemption from the provisions
(a) of the Investment Company Act for certain proposed
with
other
companies
and individuals,
and
for
an
order
the company has ceased to be an investment company as
the proposed transactions are consummated.
application was joined in. by Metropolitan Royalty Corp., As¬
sociated Motion Picture Industries, Inc., Consolidated Film Industries,
declaring
soon
be
in
1942,
and
1943
$28,302,623
and
553,357
in
1942.
no
par
and after deducting treasury shares.—V. 158, p. 494.
Staten Island Rapid Transit Co.—Notes Awarded—
RR. announced
subsidiary, had
of New York for equipment
notes aggregating $502,400, payable in 60 equal monthly installments
and bearing interest at the rate of 1.74%.
The issuance of the notes
is subject to the approval of the Interstate Commerce Commission,
and
if approved, the notes will
be issued subject to a conditional
sale agreement.—V. 158, p. 1540.
President
Oct.
20
a
B.
Roy
that
accepted
the
bid
of
White
Staten
the
of
the Baltimore & Ohio
Rapid Transit Ry., a
Island
Irving
Trust
Co.
Sterchi Bros. Stores, Inc.—September Sales—
J
1943—Month—1942
1943—9 Mos.—1942
$442,975
$3,771,495 $3,969,555
Furniture net sales were 37.20%
and 9.38% greater for the month
and nine months, respectively, over the corresponding periods of 1942,
while electric appliance net sales reflect decreases of 81.93%
for th<*
month and 75.09% for the nine months.—V. 158, p. 1285.
Period Ended Sept. 30—
<
Company
and
50
Production
Hearings De¬
Hearings on the reorganization plan which were scheduled at Norfolk,
Va., for Oct. 18, have been postponed indefinitely because of the
illness of Federal Judge Luther Way.
had set the
and
-
Operating
Federal
Way
kwh.,
utility
system for
♦Securities
cents
of
July
on
3rd quar.
layed—
Central
1941,
Period—
Stewart
fiscal
stockholders that
Seaboard Air Line Ry.—Reorganization
18,
stock¬
bonds.—V.
Judge
working
;^
Asscls—
a
Dec.
on
Herman Cook,
each $1,000 principal amount of the $7,000,000 of outstanding
158, p. 1383.
on
will
Standard Oil Co. (N. J.) — $25,000,000 Rockefeller
Holding In Oil Companies to be Sold—To Invest in Gov¬
1539,
declared
payable
disbursed
was
Sladen Malartic
of
meeting
Breed,
Hunter S. Marston,
W. Vanderhoef, Jr.
George
the
annual
William
Jenks,
E.
and
of
had enabled the payment
earnings
of $21
at' the
15
Bechhold,
M.
operations
July 31, Mr.
on
income
M.
Oct.
on
Benno
Heilbron,
M.
Seymour
ended
elected
included
Portland
Harriman
Cash
Savoy Plaza, Inc.—Elects Board of Directors—
directors
First
681.
p.
Co.—Weekly Output—
public
corresponding week last year,
Accounts
The
the
Electric Co.
&
the
on
ended
Dec.
holders
the
stocks
common
Corp.,
additional
as
Net
Skelly Oil Co.—Cash Dividend of 75 Cents—
General
He has been
output
Gas
,
The
Noble
use
Pacific Power Co.—Year-End Dividend—
A
and
otherwise
greater
31,
for
Savage Arms Corp.—New Vice-President—
G,
Electric
♦Dividends
1383.
p.
at
158,
Liabilities—Notes
year-end dividend of 35 cents per share has been declared on the
common
stock, par $35, payable Nov. 1 to holders of record Oct. 21.
Payments of 30 cents each were made on Feb. 1, May 1 and Aug.
provisions
1942.
The tax provision shown
deducting $127,000 for post-war
1943
31,
Aug.
tax
they
than
income is correspondingly
12
the
months
report
refund
Aug.
above
the
the net
$45,000
the
Accordingly,
1940.
for
and
been,
mately
for
underx report
periods
have
in
made
^
Standard
accrued
interest
and redemption premium on bonds redeemed during that
year, and for the purpose of computing Federal excess-profits taxes for
3941 and 1942 it had "available a carry-over credit on account of the
deduction
Securities
Standard Gas & Electric
for
reserve
$4,355;
expense
extraordinary
including
purposes,
1539.
Nov.
1940
the
rate
,P.
$1,366',068
expenses-
earned
during
be
Maine.—V.
Of the net proceeds from the sale of the
stock, $4,750,000 will bo
applied to the payment of the indebtedness of the company represented
by bank notes and the remainder will be available for general corpo¬
$2,224,526
Products
adjustments
1942
Ripley & Co.,
Inc., Merrill Lynch, Pierce, Fenner & Beane, Bornblower &
Weeks,'
Kidder, Peabody & Co., Harris, Hall & Co. (Inc.), Glore, Forgan & Co./
Clark, Dodge & Co. and Eastman, Dillon & Co.
these
portion
tax
will
Portland,
Union
are
In connection with
$5,106,577
of
income
1943
.
Payment
trustee,
Underwriters
treasury
1942
payable,
$410,000;
accounts
payable,
$184,121;
accrued compensation,; interest, taxes, etc., $1,722,442; reserves, $353,315; minority interest in capital stock and surplus of Shakespeare
Federal
—Jan. 1 to Oct. 14—
$6,019,384 $258,168,910 $207,896,770
(no par).
The
1943
$2,498,172
and
Ry. System,
charge of>
in
Washington.
1942
$6,473,954
Offering prices of the preferred and
by amendment.
feller,
Statement
of
Selling
Southern
in
Squibb & Sons—Registers With SEC—
California;
,
$5,924,475
Cost
be
11,579,032
—_——
March
on
475,717
$1,566,276
....
preferred
8,900,000
254,300
—
——
♦Investments owned
less
the
Vice-President
company has filed a registration statement with the Securities
Exchange Commission for 42,868 shares of $4.25 cumulative pre-'
ferred stock, series B, (no
par), and 44,799 shares of common stock
83,240
7,900,000
355,056
Total
•1942
for
the
—Week End. Oct. 14—
first
Bank,
(E. R.)
♦ *I)rl44,697
—
———
—
—
or
to
headquarters will
2,056,940
security purchases—
Surplus
cost-
2,121,585
2,056,940
etc.—
taxes,
$6,181,250
2,121,585
——
payable
securities
Due for
—
.
expenses,
loan
Dividends
Assets—Cash
income
on
Com.
$6,095,000
(par $5)—
treasury—
Surplus
inot
(par $25)
stock
conv.
Common
in
379,227
$30,246,851 $31,268,634
—
—
49,139
375,056
—
—
$2,014,631
t,
deductions
♦Net
88,344
etc
Liabilities—
>1942
$347,919
3,565
„—
income
4Gross
Divs.
etc.-
$2,011,067
income
on
income—
operating
Income
receivable,
1,315,827
income)—
on
1477*
1,397,979
622,293
Federal
taxes
120,000
$2,188,508
Federal
1.359,345
$2,188,569
than
158, p.
tests
Assistant
interest.
com¬
501,000
♦1,230,243
28,581,521 ♦29,142,736
131,424
119,371
securities-—.—
securities sold—
deposits,
Total
securities—
Government
dividends
and
Receivable
Other
Net
Other
1943
$569,506
—
1,564,857
investments^—417
limited-term
of
Amort,
branch
and
•
Investment
Interest
and
National
non-profit
a
Sept. 30
banks
in
Consolidated
' 1,700,098
Tahoe
The
revenues
Operation
abandonment
Lake
southeasterly to tho'
approximately 14.221 miles, in
has called for redemption as of Apr! 1, 1944, a total
mortgage 4% bonds, series A, due April 1, 1956
company
rent,
on
engineer of
to
•
Insurance, social
Shakespeare Co. (& Sub.)—Earnings—
$13,893,877 $12,050,311
5,590,698
4,814,941
repairs____l___«.:_->'—711,758
920,660
permitting
so-called
Truckee
shared
are
Assets—
Cash
-1942
'
at
Lake
His
tests.
of
legislation.
/
-
1943
•
the
Springfield City Water Co.-^Bonds Called—
The
Corp.
shares
Gas & Electric Co.—Earnings—
*'Year Ended Aug. 31—
Operating
against 2,623
as
of
208.434
1943
proportionately by the companies
the basis of the relative value of their assets.
expenses
Bryant,
promoted
and
Period—
$817,939
administration staff,
supplies, telephone, surveys and special investigations,
security taxes, etc. Union Service Corp. is operated
Investments, based
-
at
earnings
—V. 158, p. 1530.
share of expenses of Union Service
corporation's
of
12.
p.-1613.
156,
certificate
a
portion
Post
Gross
Cr4,750
tax—
income
salaries
Due
The
issued
the
Mile
branch
B.
been
research
t8,642
—
capital
$5.50
1940,
recommending
Instead
the
Charles
has
Prior years' over-accr. of
1937
.5%. general
of
from
149,789
exps.
Interest
and
1,
of
company
Tahoe,
Nevada and Placer
Counties, Calif.—V.
75,000
54,179
118,530
&
Southwestern Ry.—Revised Int. Payment—
amended
^
on
the
end
•
St.- Louis
outstanding
stock, par $5, the first preferred stock having been
July 1, lastV-V. 158, p. 777.
Southern Pacific Co.—Abandonment—
1940
'67,865
—
expenses
♦Invest.
Balance
An
as
The
Inc., Cajo Co.,.Inc., Frederick R.
W/ Vincent and Morris Goodman,
transactions.
Ryan, Herbert J. Yates, Jr., Walter
all of whom figure in the proposed
*
dividends.
Giving effect to'
capitalization
will
consist
of
271,409"
6,084
924,389
-
General
pany
•v.
next,- of
preferred
accrued
common
on
;v
1,069,131
26,048
and
redemption,
shares of
redeemed
$79,440
1,044,108
102'%
at
Southern Ry.—Official Promoted—
In 1942, the company also paid
157, p. 1075.
.25, Sept. 25 and Dec. ,26; none since.
25 cents per share on March 25.—V.
$137,819
diVS.——;—
sec.
$100,
extending
1942
Stock Issue
have. authorized the redemption on Dec. 1,
outstanding 5,000 shares of 6 % cumulative second
par
this
Outstanding Second Preferred
directors
of the
stock,
I
1941'
1943
•
Income
Taxable
for
Ryan Aeronautical Co.—35-Cent Distribution—
The
all
v
Nine Months Ended Sept. SO
Income Account,
-
♦Represents
The
,
1477.
p.
To Redeem
1
1943,
1
-
;
Inc.—Quarterly Report—
market quotations or appraised valuations on
amounted to $24,755,908 after deducting bank loans.
The net assets were equal to $101.54 per share of $5.50 prior stock
outstanding, and after deducting $100 for each share of the prior
stock, to 88 cents per share on the $1.50 convertible stock. This com¬
pares with net assets on June 30, 1943, of $24,807,150 or $101.75 per
share of $5.50 prior stock and $1. per share of $1.50 convertible stock,
and with net assets on Sept. 30,
1942, of $16,173,528 or $66.33 per
based on
assets,
Sept.
1943,
1,
July
Selected Industries,
^
of
stamping to-Bankers'Trust €o/„ Corporate Trust- Depart¬
and
interest
167 5
The
the
on
directors
share
per
Nov.
15.
on
Oct.
In
addition,
they
per
share
in addition to
share
on
record
the
of
Feb.
of
25
cents
Nov.
declared
the
regular
an
extra
dividend
quarterly dividend
1,
of
12%
cents
stock
15.
sales
to holders
was
also
declared,
per
share on the $100 par
payable
Dec.
$549,248
—
Stewart-Warner Corp.—Semi-Ann. Statement Omitted
states: "A statement of earnings
1943 will not be issued now because1
amount of earnings which may be
refundable to the Government in the renegotiation of our business" as
James
distribution of $1.50
_
cents
of 37V2
1944,
15; 1944.
preferred
record
dividend
issues, both payable March
same
The usual quarterly
second
extra
an
quarterly dividend of 37% cents per share
stock, par $5, both payable Dec. 1 to holders of record
per
of
declared
18
and the regular
common
Net
1
to
holders
for
we
S.
Knowlson,
President,
the six months ended June 30,
cannot
fairly
estimate
the
1676
THE COMMERCIAL
prime
still
contractor,
in
the
six
of
process
'•Shipments
first
subcontractor
of
of
supplier.
1942
Our
earnings,
The
are
materials
war
1943
exceeded
from
factories
our
shipments
in
the
same
of
merger
Superior
Monday, October 25, 1943
Oil
Corp. into Sunray Oil Corp. was con¬
summated on
Oct.
15, following the adoption of the agreement of
merger
by the stockholders of both companies at meetings held in
renegotiation.
vital
months
and
& FINANCIAL CHRONICLE
during the
period of
Wilmington,
Del.,
Oct.
on
(The)
The
6.
by
approximately
59V.
157,
Sunray is the surviving corporation and
tne basis of exchange is 6/10ths of a share of
Sunray common stock
for one,share of Superior
capital slock.
C. H. Wright, President of
Sunray, announced that in order to be in a position" to receive the
2158.
p.
(Hugo) Stinnes Corp.—Earnings—
(Including American Subsidiary
Consolidated
Holding
Income
Companies)
Gen.
&
Int.
interest, divs.
admin,
and
other
includ.
expenses,
misc.
10-year 7% gold notes (paid
41'o,. balance deferred)'——
Int.
share
of
that
$206,261
taxes—.
to
C.
121,590
102,340
F.
154,367
L.
W.
extent
11,121
7%
gold debentures at 77*
to extent of 4%, balance deferred)
interest
340,672
it
22,785
37,687
tion
$195,604
$873,855
Extraordinary charges and credits————
for
the
period
(Reichsmark
1
-
balances
converted
Consolidated
at
Balance
the
of
rate
RM
mortgages (in
accounts
receivable
exception
has
been
German
of
18.
was
that
18
to
(James)
Operating
Prov.
the
trading
The
New
The
stock
York
New
Curb
stock
to
is
also
in
net
for est.
foreign subsidiary and affiliated companies,
$6,811,950;
accounts receivable,
$1,249;
cash
in
banks—in
dollars,
$85,339; total, $18,285,507.
:
W
inc.
profit.
Fed.
Excess
and.
the
the
on
profits
15,
1943
this
on
only
issue
quarterly
a
...
declared
the
preferred stock,
usual
quarterly dividend of $1.50
$100, payable Dec. 1 to holders
par
*
-
with
the
296.
p,
Sept.
Wisconsin
Privilege
■
30,
■
>■
$617,250
$692,769
$547,821
Dividend
•
<•
Law.—V.
Tax
-
77,400
1942.
■
Income' Account,
$331,075
177,300
Nine Months Ended Sept.
1943
nor¬
tax
disbursed
were
Feb.
on
dividend tax of 3must be deducted from the current dividends
1940
277,000-
amounts
while
on
,on
1941'
180,000
cents
Sept. 30, last, indicated an asset coverage of $179.26 per share of
preferred stock and $4.61 per share of common
stock, against $183.87
.per share, of . preferred and $4.88 per .common share on June 30, 1943.
and $104.72 per share of
preferred arid 27 cents per common share
Los
1942
surtax.
5
Net assets
as "of
Sept. 30. 1943, based on market .quotations qt
••'valuations;,on that date, amounted, to $33,703,831 beforededucting bank loans and funded debt, comparing with $34,355,600
on
Juxie; 30,: 1943, and with.$24,166,434 on Sept. 30, 1942. Net assets
Exchange,
1943
—
Like
'
Interest earned
Dividends received
'
—
mal
from
of
appraised
corpora¬
Talcott, Inc.—Earnings—
Sept. 30—
dividend
quarterly dividend of 12Vi cents
par
$2, both payable Nov. 15 to
stock,
22.
accordance
158,
1478.
p.
also
Nov.
1.
Payment—
extra
an
regular
16, last,
paid.
the
on
the
,
A
the preferred
listed
Nov.
Aug.
was
directors
record
to
Common
declared
Tri-Continental Corp;—Quarterly Report-
which
on
carry
and
13
common
record
share
of
Oct..
the
on
15
Co.—Extra
on
addition
cents
The
the
Stock
Exchange,
will continue
common
of
York
in
of
May
12',2
per
enlarged
Chairman;
was
Parriott,
common
the
on
formerly listed,
corporation.
9 Mos. Ended
$2,203,093;
property),
B.
holders
on
to
Grimes, all of whom reside in Tulsa,
Rose, Croxton and Bowers, who live In
of
Oct.
admitted
Oct.
on
the
.
on
W.
Angeles Stock Exchange.—V. 158,
4.20-—$1.00).
F.
are
prior
the New York Stock
Exchange-
on
announced
was
stock
.Sheet, June 30, 1913
Reichsmarks
merger,
Edward
Charles
stock
Assets—Investment in shares of foreign subsidiary and affiliated
companies and other miscellaneous investments (less reserves), $9,128,690; investments in and advances to American subsidiary companies,
$55,186;
the
the
with
effective
508,933
—1
should,
*
'
certificates for exchange.
Sunray board of directors, which
of
and
common
Loss
certificates
York.^:
227,115
charges-——-—
Superior
their
the
Stock Listed
on' 20-year
(paid
Miscellaneous
of
of
Howell, William N. Croxton, Alfred L. Rose,
Martin, Glenn J. Smith, R. Elmo Thompson, J. L.
Essley, Thomas
Bowers
New
holders
completion
Wright,
Okla.,
?
A-A7,310
13,
surrender
members
the
H.
Dec,
011
date,
with
$300,516
42,315
—
premium
per
The
credits..-
on
of
Extension
share
Statement
Year Ending 18 Mos. End.;
June 30, '43 June 30, '42
Income from
per
dividend
1942
Trane
directors
135,500'
Taxable sec.
1942
$121,958'
divs.
1941
980,134
11,294
!
1940
.
$93,010
840,004
10,739!
v
-
,
$144,102
841,356
;
30
$106,692
*
850,971
13,451
;
5,94p
$963,611
.
Est.
Liabilities—Funded
debt,
payable
$6,192,351;
long
term
accounts
payable,
affiliated com¬
$611,931; accounts
panies, $343,449; accounts
net
Earns,
to foreign subsidiary and
payable, $479,677; capital stock (par $5),
$4,944,450; capital surplus, $7,969,813; operating deficit at June
30,.
1942, $2,060,560; loss July 1, 1942 to June 30, 1943, $195,604;
total,
$18,285.507.—V. 157, p. 2458.
—V.
profit
per
Year Ended
June
Income
from
dividends,
Gen.
&
on
at
$$214,257
$$216,211
24,977
62,757
340,672
22,308
11,154
22,226
1943—Month—1942
$6,501,923
95,808
97,418
1,201,515
96,701
1,181,920
Oct.
on
July 22,
on
175,000
for
'"Loss.
$$211,763
period—
°$179,132
of
this
$64,568
amount
interest
15
of
last,
declared
share
Oct.
record
$1.20
25.
Dec.
on
a
dividend, out
capital stock, no
the
on
This
10,
of
and
value,
par
with
compares
1942,
current
period July 1, 1940 to June 30, 1941.
{This amount represents interest
charges for period July 1, 1941 to June 30, 1942.
(Reichsmark balances converted at rate of RM
4.2(L=$1.00).
Balanee
Sheet,
June
30,
50
cents
pay¬
50 cents
Oct.
on
Assets—Investments in shares of foreign subsidiaries and
affiliated
companies and other miscellaneous investments (less
reserves), $8,504,511; investments in and advances to American
subsidiary and other
companies (less reserves), $54,913; investment in
Wilmington Foreign
8,
Holding
Corp.,
$494,961;
accounts
receivable
from
affiliated companies, $8,532,623; accounts
receivable,
banks—in dollars, $82,156;
total, $17,670,284.
subsidiary
$1,120;
and
cash
in
Due
ended June 30,
J.
Co.^Opens
Howard
Pew,
operation of
aviation
Mr.
a
new
gasoline
Pew
1943, $179,132; total, $17,670,284 —V. 156, p.
it
the
New Plant-
was
Pfesident, announces the completion and successful
mailt exclusively for the manufacture of
100-octane
company's Marcus Hook; Pa., refinery.
said
added,
and
.
pRisaK
the
its
of
constructed
in the
facilities
completes
approximately
the
at
cost
a
of
approximately
company's program started in
to
maximum
company's
$20,000,000.—V.
(Exclusive
..
of
9 Mos. Ended
Sept. 30—
Profit
Inc.
from
from
war
original
158,
production".
This,
conversion
war
1939
<&
plan
1285.
p.
Net
on
approval
and
1940
389,474
$639,294
446,892
341,972
—1
+281,233
$1,843,926
$1,262,499
97,762
86,991
91,942
88,287
the
tax.
income
771,850
$722,858
'{Excess
received
upon
tax
liquidation
stantially
for
it
This
foreign
Co.—Earnings—
tax, surtax and
reserve
excess
$462,908
$1.89
$1.61
••
for
1942
$544,320
share_
common
$100,000
contingencies and
provision
profits tax at rate of 70V.
Crawford
Months Ended
Sept. 30—
Number of vehicles
Income
tolls
———
Operation
and
158,
for
normal
399.
p.
-
1,025,265
1,657,413
$345,823
43,439
;
$535,403
—____
on
bonds—_
Financing costs
Profit
bef.
income
&
50,826
27,827
49,462
27471
53,944
East
15,264
15,510
income
1,266
1,048
$267,920
$420,140
50,422
126 450
194 123
accrued
4—-
30;000
_
23,000
-
I $111,470
335,915
$49,042
—__
344,593
cumulative
A
332,931
preferred stk.
stock
Balance, Sept.
Earnings
per
—V.
p.
158,
$447,386
$535,948
31,117
31,787
32,184
32 367
divs._
dividends
12,874
dividends
54^000
$359,414
$1.42
$349,643
share—
Nil
$3 04
778.
the
Nov.
pared
directors
common
20.
A
with
mentioned
on
Oct.
stock,
similar
5
cents
date,
the
18
declared
a
dividend of
10
on
June
also
15
and
paid
Dec.
a
57*
1,
but
also
of
and
volume
of
be
and
credit
agreement
the
management
the
believes
price
which
at
cents
1942.
stock
No
The
into
and
the
to
cash
100
or
of
1943,
more
that
would be
of
the
sale
of
the
said
main
Meter
Co.
(no
the
certificates
Meter Co.
shares
shares
on
of
of
as
with
the
entire
proceeds
$75,000.—V.
the
passed
share
On
the
dividend.
last
York
four
shares
share
company's
from
name
;
plan
of
of
new
new
charter
Tubize
at
the
for
the
for
y
the
common
the
Class
A
for
common
also
was
Chatillon
there
will
Application
will
author¬
Corp.
be
be
tb
702,871
made
for
Exchange.
company is contemplated at this, time.
also that the directors have under
con¬
ultimate
retirement
preferred
present
stock
of
outstanding.
Stock
by
cumulative
stock,
and
of
the
present
out¬
stock.
299,413, shares
outstanding $4,465,000
158, p. 1285.,
Tubize
Chatillon
as
1285.
p.
of
24,395
3V* '.'0
stock
common
of
the
7%
sinking
outstanding,
preferred.
fund
There
15-year
rieben-
Corp.,
was
State
Operating
Meter
Gas
Operation
.
certificates
of
Gas &
Electric
escrow
to
was
the
its
Provis.
State
by
name
Fed,
for
for
the
Inc.,
$132,500 and
last recorded
..
sec.
delivered
629,840
618,089
70,559
86,639
830,578
951,464
5,569
7,984
86,000
90,860
22,905
21,219
259,603
283,336
16,071
14,553
181,103
189,167
taxes,
and
taxes
Fed-
credited
its
of. the
escrow
agent
on
to
$30
to
was
be
closed
Cleveland
stated " capital
2,500
.
State__——_
other
.
997
.
_
:
$2,831,294
•
1,260
than
taxes
12,880
15,688
! "
^ v
■'
\
5,218
5,436
60,000
67,851
$47,934
$42,899
$631,846
$614,839
95
46
477
Pr669
$48,029
$42,945
$632,323
$614,170
20,939
21,844
259,804
293,323
10,000
income.--,
oper.
5,700
141,900
106,700
$17,090
V
$15,401
$230,619
$214,147
Non-oper. income, net-Gross
escrow
were
1943—12 Mos—1942",
$2,691,850
53,646
Exchange preceding
determined
shares
Co,—Earnings—
1943—Month—1942
depreciation
taxes,
Net
158,
$233,636
munic.
income
agent.
the
cents.—V.
—A—52,725
and
Social
the
50
was
Products,
between
York Stock
made
in
by
the close of
$221,978
revenues—--.
Maintenance
total
a
payable
Thompson
difference
shares
sale
Corp,—Secondary Offer¬
>
,
Purchased power
eral
1943,
the
above.
a
<
Twin
Aug.
per
income
Deductions
Fed.
income
tax, normal
account
shares
at
the
and
and
and
income'———
price
1078.
Tonopah Mining Co.—Gets Extension—
-
surtax.——
Gas
with
Preferred
div.
'
requir.:
.
77o
prior lien-—
14,320
5<V preferred —6,469
—V. 158, p. 1384.
Title Guarantee & Trust Co., N. Y.—Trustee—
The
income
secondary distribution, a block of 25,shares of common stock (no par) at $22
per share.
000
a
'
Securities and Exchange Commission has
extended to Dec. 1,
1943, the temporary exemption from
provisions of the Investment
Company Act of 1940.—V. 157, p. 1190.
,
,
171,850
6,469'
85b
171
-
77,625
.
77 625
■
..
Union Water Service Co.—Bonds Called—
All
•at
*
.
14,320
•
.
May
per
of
6,
Aug.
on
Cleveland
9,
Inc.,
of
158, p.
of
one-half
exchange
announced
plans
the market,
1945, it is reported.
$132,500,
determined
the New
the
Sept.
Products,
the
in
the
Net
for
Fed¬
tAfter
State
recapitalization
a
ing—BJyth & Co., Inc., offered Oct. 19 after
plant.
was
par)
equal to the
the
of
and
<,
Twentieth Century-Fox Film
real
property
stock
price
date
for
reserves
$2,304,168.
;
basis
and
to
common
New
7 (.o
also
See
agreement with five banks
three-^ory brick building having
the
the certificates
and
of
Federal
Tubize Rayon Corp.—Proposed New Name—
pre¬
first applied to the
there are at present
directors
contract
a
delivery of the shares to the
Under
Thompson
a
of
amount
of
taxes
and
Concession to members of NASD
board
into
Gas
an
price
A,
common.
of
financing
are
138,291
are
property known as 2168-2180
O., and consisting of approximately .46 acres
of
common
Delivery of
31,
facilities
of
in
the
on
present
new
the
lures.—V.
pro¬
the
credit
a
certain
is located
Cleveland
shares
market
it
its
of
entered
price
profits
$117,064
authorized
Period Ended Sept. 30—
Cleveland,
the
excess
18
amendment
company
There
for
approximately 20,000 square feet. This property is adjacent
plant of Thompson Products, Inc., and will be used to
main
stock
of
present
the
on
new
sideration
shares may be sold to
depend in large degree upon market conditions
The proceeds realized
from
which
Oct.
on
completion
standing
financing for war pro¬
only of a temporary
a
and
involving a change
Corp.
listing
>
considered
loans
of
proposed
shares of
is
the
financing
income
share
Upon
sub¬
This
1942
Tubize Rayon
to
demand
*
1943
profits taxes of $2,731,490
share
ized,
to
Crawford
measure
because
public
Corp.—Earnings—
contingencies of
common
each
A
Capt. Byron A. Long, for the past 14 years Vice-President of
Douglas
Inc., has been elected a trustee.—V. 157, p. 1479. 1
$1, payable Dec. 13 to holders of record
distribution was made on June
14, last, as com¬
company
1942)
Mr.
large
post-war
a
corporation's
to
new
each
Gibbons & Co.,
par
each
of
have
$377,207
Sunray Oil Corp.—Dividend of 10 Cents—
The
in
year,
in
fair
loans.
resolutions
purchase
sale of
of
common
to
of
area
delivery
72 373
24,000
30——_
to
instances
bank
has entered
company
on
the
The
$203,017
$393,635
stock
Common
on
floor
share.
Total
due
period
war
the
is
of
V
would
sale.
65th St.,
the time
profit
point
first
of
said,
and
purchase
of land
$419,092
$99,464
——
tax
111c.
of
supplement
$266,654
excess
The directors
sub¬
Co.,
at Sept, 30, 1943 and 1942, or, in the
value in the opinion of the
corpo¬
in 1943 and $23,611,907 in 1942 or
as
then
$33,457,015
company to be submitted to stockholders on Nov.
12, which calls for
the exchange of the
present Class A and common stock for shares
Credit Agreement—
the
to
2,500
and other
Class
1943,
Co.
1,340
Surplus Jan. 1___
57*
G8|810
$98,124
_
Reserve for contingencies
Net
63;813
55,405
other
—
income
Total
Fed.
52 512
to
other
deductions
Other
51,977
46|219
Taxes
price
Pursuant
24,444
.
current
was
their
to
*$982,660' t$l(053,575
for
Acquisition—
$687,865
68>8n
-
$60,920,000
the
whereby $9,000,000 will be available until Dec. 31,
2,171,035
•;
to
of
quotations
on
providing for contingencies of $106,654 and
State
lor
Products
2,429,318
Proposed Recapitalization—To Change Name—
sold
its
3.568,500
24,701,180
Ended-Sept. 30—
eral and
and
retirement of the prior preference
shares, of which
25,660 shares outstanding, and the balance added to
working capital.
49,720
—
Administration and general
exps
Interest
1941
Much
said
underwriters
15,067
Depreciation———
carry
Bank
1942
was
3,534,500
2,429,318
25,222,536
earnings
■After
having no conversion rights is the most desirable method
the additional financing.
The new issue of preferred
a
dividend rate of not over 57c.
The
dividend rate,
The corporation
1943
maintenance
shares
the
consisted
Regulation
at the time
the
to
of
one
Crawford
obtaining
the
be
has
redemption
Tacony-Palmyra Bridge Co.—Earnings—
9
thereof,
amounted
provision
and
stock.j
J3r88,266
market
on
Months
..
common
during previous peacetime periods.
said, to result "not only from the
prior
purposes.
Mr.
for
would
1943
made
share,
per
2,460,000
Tubize Chatillon
9
during recent years of a number of important products
anticipated will have substantial future demand."
is
and
viding
than
$30
corporation
Aircraft
sales
in
indications
Crawford
would
duction,
Mr.
—_
per
'After
greater
1939
months
i nit ease
that
of
the
Thompson
In
six
of
2,460,000
connec¬
preferred
combined
basis
a
sales
6.900,000
$5,842,523 in 1943 and $15,804,298 in 1942 less than cost.
§ 1,360 shares
$6 cumulative preferred stock held in
treasury at cost.—V. 158, p. 1078.
"•<-c
of
$15,570,000
first
on
43,900
5,900.000
—
$40,238,031 $40,495,776
absence
requires,
prior preference
preference stock which is
the
'
net
those
but
Mr.
products
which
of
Sept. 30—
profit
Earnings
from
the
conditions
war
ferred
9 Months Ended
excluding
that
the
nature
a
out
of
outstanding prior
stock
1939.
unusual
$821,108
of
July,
pointing
that
two-thirds
common
in
$39,442,000 in
amounts
included
1384.
p.
Sutherland Paper
into
said
353,103
$980,134
profits
The
public
post-war
$1,283,981
profits
158,
1,333,400
of
shares.
114,256
181,800
A
''Represented by 141,380 shares in 1943 and 142,740 in 1942 no
par
{Investments, including investments in subsidiary corporations,
with Smith, Barney & Co., of New York,
of Cleveland, who are expected to head
Co.
holders
development
12,429,844
—
by
expected,
$2,143,249
etc.
{Net
subsidiary.—V.
1941
$1,397,033
in progress
are
common
increased
1942
plant
excess
$1,790,000.
"Net
in
convertible
i
A
shares.'
based
will be called
shortly to authorize a new class of preferred stock
$4,500,000, the sale of which would provide funds to
accomplish
the objectives mentioned.
Issuance of the new preferred stock
sidiaries.
$3,811,586
etc,—
taxes,
income
"Includes
to
anticipates
the
retire
cash
1943—
preferred
(par $l».J
stock
stock
convertible
Affiliate)
$1,753,775
353,882
income—
properties,
income
Canadian
$3,457,704
sources
income-
gross
Depreciation
*Fed.
to
$77,432
' 289,447
,Total(
.
of
After
1943
operations-
other
Non-recurring
Total
management
and
underwriting group.
special meeting of the holders of the prior preference and
A
to
f
the
$65,734
289,329
A —154,813
against
30.
cumulative
Net
McDonald-Coolidge
the
Superheater Co.—Earnings—
.
which
peacetime business,"
Discussions
at xjm
conversion
costing
requirements
with
$40,495,776
'
^Treasury stock
Crawford, President, announced Oct. 19 that the company is
considering the sale of new preferred shares "looking toward the
financial
loaned
284,697
,
$40,238,031
_
/
18,219
93,056
279,579
debentures—A..*—'-A-a.
°6'%
C.
tion
37,365,689
63,019
120,202
and taxes A-——'——
dividends, payable, etc......
loans
Common
Thompson Products, Inc.—New Financing In Prospect
.
$13,000,000, is the latest link
for
1782.
38,649,314
purchased,
securities
:
1942
$683,599
2,050,517
A--'
receivable, etc
'Surplus
158, p. 681.
F.
expenses
securities
due Sept.
convertible
5',;>
Inc.; the Shell Oil Co.; Inc., and the Colonial Beacon Oil Co.
The bidder declared that
any other reputable oil company was welcome
to participate on a
pro rata basis, each company to pay a propor¬
tionate share of the
$3,750,000.—V.
stock.
Sun Oil
for
Bank
Socony-Vacuum
Oil Co.,
for
Due
ration.
Liabilities—Funded debt, $4,225,961; long term accounts
payable,
$281,586; accounts payable to foreign subsidiary and affiliated com¬
panies, $332,600; accounts payable, $443,203; capital stock ($5
par),
$1,100,000; capital surplus, $11,000,000; earned surplus,
$466,066; loss
year
the
for
Interest accrued and
every gallon of gasoline sold.
The bid of the Texas Co. made it a condition
that the Board of
Estimate grant permission lor three other
companies to participate
in a pro rata basis.
The
were
d
650,224
securities
—-I
Reserve
on
named
£34,349
$475,693"
Government
dividends
Total
■
huge municipal airport now being constructed in the Idlewild sec¬
tion of
Queens, N. Y.
The offer was accompanied by a certified check
lor the full amount of the bid.
The proposal was based upon a tenyear contract and carried a provision that the
city would receive lVa
companies
-.
1943
AA
S.
Special deposit for interest and dividends, etc. 1
company on Oct. 15 offered to pay the City of New York
$3,.750,000 for the privilege of selling gasoline, oil and related materials at
cents
1943
655,050
•
Interest and
the
for
'$566,850
651,465
^Receivable for securities sold
net
Texas Co. (Del.)—Bids for Oil Concession—
*$506,934
charges
$714,517
636,915
,
300,615
^$571,502
represents
$618,911
Liabilities—
175,000
300,615
off-
212,483
$613,127
'
in banks
1285.
p.
210,750
•
{Investment in other securities—
The
Income
Assets—
1,136,870
Cash
holders
1942.'—V. 158,
195,886
2_—A'•
1,145,045
•
92,438
——
to
149.928
180,750
v
36,952
Balance; Sheet, Sept.' 30
1540,
5
138,928
18,818 ;
'
124,406
■
Net profit
Preferred dividend
$5,616,202
131,799
-
tax-—;Lv!
—A———
:i
1943—12 Mos.—1942
$487,434
20,804
28,000
$1,086,601
22,406
" 1
636,210
Li
income.
.Interest, expense
33,380
charges-
—-i!'
$995,401
re¬
accruals
directors
Nov.
paid
227,115
Taxes
Taylor-Wharton Iron & Steel Co.—70-Cent Dividend—
The
of
written
reserve
158, p.
able
113,557
$0.60
$550,584
after
profits, of 70 cents per
227,115
$0.96
$974,054
{Investment in U.
87,734
investmcnts-
debts
Sept. 30—
income
—V.
$430,468
36,925
deferred)
of
June 30, '42
or
extent
to
bal.
Net
gold
(paid
interest
Deprec.
Bad
taxes—
7%
7%
payable
4%,
Other
18 Mos. End.
1941
$1.10
income
Federal
revenues
income
tire.
exps.,
misc.
20-yr,
deb.
30, '43 June 30, '42
$107,217
_
$0.75
share—
com.
Period End.
Gross
Year
$253,675
Total
Tampa Electric €0.—Earnings-
interest,
etc.
admin,
includ.
Int.
6 Mos. End.
8370,521
Expenses
Stinnes Industries, Inc.—Earnings-
Period—
$415,769
158, p. 399.
Operating
(Hugo)
$301,750
of
the
1951,
1,
101
and
outstanding
have
been
1st
called
lien
5% 7o
for
int.
gold
redemption
bonds,
as
of
Payment will be made at The New
t rustee, "100
Broadway, New York, N. Y.
Payment of the full redemption' price will be
prior
the
to
trust
the date-setTor" redemption;
company.—V.
156,
p.
1959.
series
Nov.
made
upon
surrender
of
due
1943
"
Co'
any
at
the
'*
A,
20
Trust
York
time
bonds
-
at
"
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4223
.Volume 158
Union Pacific RR.—Earnings—
...(Including -Leased
...
Period End. Sept. 30—
Ry.'
from
revenue
operations
$
Taxes
14,447,988 137,358,643
82,527,468
*7,221,963 196,450,162 t43,534,170
*13,504,356
—
&
7,459,890
9,645,074
1,174,574
1,450,365
The
of
4..
1,509,737
;■.•«
Fixed
income
'»
.»
■
,
■
.
■
charges.
■
1,148,641
Federal
income
Federal
and
42,110,074
10,685,896
10,667,208
of
and
income
and
income
taxes
excess
of
taxes
excess
$29,726,201
profits of $80,000,000 for 1943 and Federal
for 1942.—V. 158, p. 1384.
Corp.—Air Mail—
well
the
above
the
from
decrease
profits taxes of $11,500,000 for
$5,502,043
for
1942.
tlncludes
852,647 ton-miles of air mail in September,
894,019 ton-miles carried in August, but
corporation carried
a
Third
The
for
ton-miles carried in September, 1942.
A com-,
estimated a drop In September of 4% below August
also, and a drop of 8%
below September,
ton-miles.—V. 158, p. 1577.
express
Stores Corp.
Cigar-Whelan
United
agency
1943—3 Mos.—1942
1943—9 Mos.—1942
771,625
100,828
operations
amortiz.—
...
&
from
from
for
*Prov.
income
Frov.
$670,798
20,000
.
$446,461
30,835
1,373.830
294,269
$1,771,738
4,327
$1,079,560
99,707
$1,767,411
$979,853
29.074
86,305
87,221
74,000
176,700
687,000
300,000
—.<
300,000
•
Federal
est.
$248,076
$209,852
$694,106
$535,932
885,964
1,635,031
559,884
$2,014,027
DrA0
,—
adjustment
six
months.
in
,'ii——
$1,095,816
$2,013,986
is
Sept.
30,
totaled
1943,
Sept.
$5
share
declared
preferred stock to holders
United Gas Corp.
Period End. Aug. 31—
Operating
of record
$1,095,816
30.
1943
of
June
July
6.
provision
25,
1943
1943.—V.
(& Subs.)—Earnings—
on
158,
revenues
retire.
the
to
-
;
shares,
and
$1,845,253 $12,133,628
$11,940,211
979.724
3,790,573
171,808
$8,171,247
$823,976
int.
of
Company
Only
1943—3 Mos.—1942
$1,765,457
158,
,
$1,678,506 $11,096,433 $10,686,411
1,374,948
7,522,760
7,461,081
27,279
14.616
762,701
791,158
/
are
and
on
net
$48,848
$5,245
2,017,563
1.805,318
_
$1,392,581
10,425,077
8,900,757
a—
—$2,066,411
deduc.
$1,810,563 $11,817,658
941,710
943,823
$868,853
$1,122,588
$9,938,396
3,805,885
$8,011,773
3,822,683
*
$163,134
i.—
-
1941
New
$152,500
$165,016
65,627
69,587
734
New
England
$74,526
°$87,607
23,386
59,181
22,874
ic——-
56,540
67,361
-™-l
t$3,860
— —
interest
charges
"/
$124,277;
and
sinking
$5,039
fund
$5,944
provisions
for
-i
•
Sheet,
accounts
June
30,
receivable,
1913
'-V
■
$93,893;
to
be
total,
deposits,
$491;
accounts
payable,
$786;
accrued
and Federal taxes, $26,594; accrued management fees,
mtge. 5Vfc%, cumul. income bonds due April 15, 1948,
interest accrued to Dec. 31, 1942, and unpaid at June 30,
3943. on $2,056,000 princinal amount 1st mtge. cumul. income bonds
(being at the rate of 16.8958'/*), $347,378; interest accrued (at 5V2%
per annum)
on $2,056,000 1st mtge. cumul. income bonds for the 6
mos.
period ended June 30, 1943, $56,540; scrip certificates, $205,600;
capital stock ($1 par), $34,130; reserve for property, rehabilitation
and replacement, $35,000; deficit, $827,929; total, $1,937,390.—V, 156,
1st.
.•<
on
sale
of
for
paid
1,
1
cash
voting
shares
the
that
the
will
it
all
partly
valued
Corp.
of
the
stock
of
the
on
their
of
arduous
many
Judge
Davis
Wabash
St.
as
RR.,
Louis.
Mr.
duties,
aid
their
the
able
reorgan¬
doing, I
expressed to me
so
the new
Nicodemus,
am
on
corporation,
who
resides
at Philadelphia.—
account of accu¬
on
preferred
of
record
last,
2,
$1.50
Oct.
21.
This
stock,
$50,
par
with 75
May 1, 1943, and 75 cents en
1, 1943, amounted to $12.75 per
on
Arrearages
as of Aug.
158, p. 199.
compares
.
Co.—Recapitalization Proposed—
working
incident
to
than
more
in
In
(Wis.)—Accumulated Dividend—
was stated.—V.
Walworth
capital
vast
50%
to
meet
expansion
of
the
immediate
of
sales,
debt,
funded
and
future
require-
redemptions
the
litigation
both
of
the
to
will
with redemption
contemplated in the
recapitalization plan of this company announced on Oct. 19
by W. B.
Jr., President.,; Stockholders will meet Nov. 22 to authorize
issue of $5,000,000
of $50
par
57*
convertible
preferred
stock
which
will
be
offered
issued.
of
the
:v-V '
/••; ;■'
added
be
be
from
the
sale
debentures
will
Dec.
1,
all
on
which
paid
of
the
on
per annum
redemption
public
the
shortly
100,000
thereafter
shares
applied
to the retirement, at not more
outstanding 6%
preferred stock,
$619,120
mortgage
1944)
4%
and
bonds
$3,300,000
working
The
1955
lease
debt
have
to
($1,443,500
purchase
by
banking
a
in
Since
redeemed.
The
desirable,"
he
company's
stated
sales.
volume
will
anticipated
added,
letter
a
"in
of
1943
and
will
view
the
not
a
very
the
petroleum,
under
the
whose
war
that
substantial
construction,
be
applied to
*
< •!
structure,
increase
the
are
than
of
the
sales
demand
utility,
is
railroad
limited
now
507*
in
present
post-war
public
purchases
More
economy.
the
announcing the
working capital
substantial
expected
current
inr|
reduce
the amount
capital
to
a
volume
present
of
strictly war products such as munitions)
consists
of
new products or
redesigned products introduced since 1933. The increase
of working capital will improve the financial
position of the company
and
enable
it to
take greater
advantage of such opportunities for
future developments as may arise."
The retirement
"holds
out,
permit
cash
To
is
of debt at the present
time, Mr. Holton's letter points
further advantage since present Federal income tax laws
a
corporation,
a
asset
obtain
proposed
and
retire
to
effect,
to
extent
maximum
similar
a
in
the
to
the
in
the
407*.
credits
post-war
of
debt
this
of
current
in
amount
convert
of
benefit
retired
about
year
into
of
a
the
during
provision
the
law
of
the
$1,500,000
1944."
The
proposed
new
preferred stock will be redeemable at $52.50
share and will be convertible into common in the ratio of five
per
shares
of
version
benefit
the
earnings
of
of
for
thereafter
sinking
a
1945
and
on
of
or
of
preferred.
308,758
There
are
stock.
common
payable
share
one
increase
an
the meeting.
at
shares
191,242
for
common
feature,
voted
be
The
fund
and
57*
to
107*.
before June
1
To
of
of
of
stock
the
con¬
stock
the
in
will
treasury
will
have
company's
nefc
such
earnings
annually
following year.—V. 158,
the
of
the
meet
common
but
preferred
new
equal
1946,
shares
authorized
now
1578.
p.
Warren
Serge
Bros., Co., Boston—New Director—
Rubinstein,
to
succeed
Clarence
L.
and
Newton,
President
of
has
Panhandle
the
director
a
who
of
Warren
Pro¬
Brothers
resigned.
Stock Acquired by Oil Concern for Investment—•
See
Panhandle
Producing & Refining Co.
above.^—V.
1943
1942
1941
$56,546,669 $35,831,139
income
Gross
Expenses &
158,
1286.
p.
Co.—Earnings—
the
to
Chairman
ducing & Refining Co., has been elected
^
220,079
260,391
237,805
201,817
248,317
$48,581
$18,262
$12,074
$2.33
taxes™™
1940"
$47,425,852 $62,005,786
286,386
all
1943
the out¬
Net
income
$0.87
$0.48
256,861
256.623
Earned
share™..™
per
18,
cash.
in
the
1943.
The
Redemp¬
principal amount.
par value will
$100
per
bonds
income
and
notes.
from Oct. 1, 1943 to Dec. 1,
of
the
New
England
among
the
first
important
1943
Capital
Corp.
Balance
Sheet,
$238
$0.01
Sept. 30
Assets—
1943
Cash
1942
$158,900
Inventory
Accrued
Bid
iv
interest
and
Due
Fixed
20,312
deposits
23.304
(net
after
10,000
45,740
customers-™™__„™____;
assets
Prepaid
1,408,594
10,200
receivable
subscription
from
$128,322
2,603,843
;
.
86,273
depreciation)™™__„
2,779
5,790
8,996
9,148
$2,863,875
$1,658,335
expenses
Co.
declared
a
dividend of 75 cents
per
be
between
Associated
agreement
the
Gas
&
company
Electric
of
June
and
4,
trustees
the
steps
ended
sha'-e on the
This com-
™.™™_,™™™™r.™™_™_
taken
which
1943,
bankruptcy
in
Corp. and Associated Gas & Electric
This
litigation was considered one of the major problems in the
reorganization of the Associated system.—V. 158, p. 899.
Liabilities—
Notes
payable
Loans
Due
year-end
dividend
common
10.
June
21
20,
Co.—Year-End Dividend of 45 Cents—
stock,
of
and
June
158,
20
Sept.
20,
and
45
cents
$2.50,
par
Distributions
of
25
last.
Sept.
share
per
payable
Dec.
each
cents
been
has
20
declared
holders
to
made
were
of
on
record
Securities
lent
Payments in 1942 were as follows: March
25 cents each; and Dec. 21, 55 cents.—
21,
the
annual
E.
Manager;
L.
Wm.
Merrell
stockholders
of
M.
and
held
Dunning.
Assistant
Manager;
Co.
of
Robert
Mabry,
Sales
S.
meeting
elected:
were
Wabash
to
the
Thurston
Cincinnati,
Ry.—Receivers
further
B.
President;
four
19,
and
Hermon
High,
A.
W.
Merrell, President
Ohio.—V. 158, p. 1578.
new
Export
the
of
B.
and
Frank
C.
Nicodemus,
Jr.,
were
relieved
taxes
court
of
new
and began
and
their
execute
a
a."d
until
reasons
duties
to
RR.,
orders
discharging
bonus-—
353
56,000
"■617,020
—
1,214
+620,320
197,304
139,11-9
$2,863,875
—_—_w
—
$1,658,335
""Represented by 20,851 no par shares,
tlncludes
by 21,016 no par shares.—V. 158, p. 779.
bonus.
tRepre-
Virginia Water Service Co.—Earnings—
Years Ended Sept. 30—
Operating
1942
1943
$1,533,855
$1,501,226
561.042
545,658
charged to construction, Cr__
12,919
depreciation———
118,320
31,286
78,957
105,800
revenues
Operation
General
Provision
for
84,365
General
taxes
—
income
and
183,745
193,061
profits taxes——__
89,720
149,848
——————
$509,582
$459,189
_■
excess
of
corporation,
operation
decrees/the
took
on
Jan.
over
earnings"————
income
28,427
16,415
$538,009
$475,604
———
Gross
Interest
Net
income
and
income
2.
other
deductions—„—319,677
——
officers
instruments
Pitcairn
receivership
as
and
receivers,"
and,, take
was
Nicodemus
with
action
to
a
kept open
from
"all
reservation
protect
the
of
new.
Judge Moore said in his final opinion, filed with the order
discharge:
"Although Judge Davis handled this case from its inception in 1931
death
in
1943, I
am
320,446
$218,332
$155,158
—
Balance
now.
releasing
————-——-
were
properties
1942, in accord¬
1,
—
Sheet, Sept. 30, 1948
the
company,
until his
and
—
Total
Net
company
technical
authority
of
stock
Surplus
Other
Wabash
from the old
In
4,130
1,498
f3,20O
1
Although
for
Common
District
S.
handled.
with
fund
the
Davis, in whose court the bulk of the receivership proceedings
ance
for
receivers
as
U.
Provision
expenses
Maintenance
Discharged and Receivership
of Wabash Railway in an order entered
Judge George H. Moore, which formally
receivership, pending in St. Louis since
1931, and
were
complimented by
the court for their handling <j>f the road's
affairs during the receivership.
Judge Moore said that in commend¬
ing the receivers he was restating the views of the late Judge Charles
by
bond
Federal
Pitcairn
duties
14
terminates
713
expenses
IVest
Oct.
on
Vice-President
Terminated—
Norman
10,000
"
•
sented
Vick Chemical Co.—New Directors—
At
directors
16,350
■
—
war
$875,000
46,990
(secured).™,
Marehv 20.
on
1286.
p.
$1,928,000
payable' (unsecured)
Accrued
Norman
(secured)™___-_
customers
Employees'
further
Machinery Corp.—To Pay 75
the Common Stock—
States Hoffman
stock, payable Dec. 1 to holders of record Nov. 19.
Total
will
generally familiar with the receivership,
plant
(including
intangibles),
$11,089,577; invest¬
ments, $178,199; cash, $145,310; U. S. Government securities, $220,081*
Assets—Utility
accounts
and
notes
receivable
$15,062),
(less
reserve
for
ucollectible
accounts
accrued utility revenues, $30,922;
prepaid taxes, insurance, etc., $13,396;
debt discount, premium and expense in process of amortization, $146,•:50; commission of preferred capital stock, $154,000; total, $12,293,991.
and
notes
of
$153,237;
materials and supplies, $132,720;
Liabilities—$6
cumulative
preferred
stock
(11,447
no
$1,144,700; $6 cumu'ative second preference stock (5,000
$365,000;
common
stock
(12,000
no
par
shares),
par
no
$552,000;
'
first
stockholders
"Additional
of
is
debt-free
will
entire
$1,500,000
will
bonds in
balance
the
$2,943,500
This
1936,
a
to
issue.
it
industries
minimum
in
stock
While
is
company
maintained,
be
from
other
par,
$10,
,
the
preferred
new
preferred
1
goal of
Holton
proposed
new
than
contract.
$2,000,000.
been
of
par
capital.
ultimate
President
and
of
$60,373
a
company's funded
Co.
the purpose
for
Nov.
on
be
100%
is
of
9 Mos. Ended Sept. 30—
1981,/and
due
market
the
to
group.
.
redeem
securities,
the
securties
settlement
■
together
are
an
such
Of
be
employees
1578.
p.
notes
in
at
redemption
on
to
of
holders
Aug.
on
Increased
ments
purchase price
with
with respect to 2,500
and
aggregating approximately $7
cash
most
were
purchase
Corp. debentures due 1964 which it
will make payment of the income bonds and
and
the
Frank¬
serving as consulting counsel in the company's law
Franklin, who preceded Mr. Pitcairn as a receiver,
Capital
be
tbfc
Jr.,
Mr.
proceedings,
railroad, and their invaluable
the period of receivership.
to
1943.
share, it
it
common
act
to
are
or
The
158,
income bonds and
will
paid
These
inventory-sup¬
fixed assets, $1,616,048; deferred expenses, $102,383;
The directors have
cents
Feb.
current
the
State
Cents
the
the
Nicodemus,
succeeded
$1.50 per share has been declared
$3 cumulative convertible
Weeden &
from
of
years
C.
who
the
on
payable Nov.
year.
1943, and if issued subsequent
1944, the price will be $10 per
the company.—V.
Canital
in
pursuant
$96,179
21,847
——•
—
$2|056,C0O;
common
15,
announces
interest
paid
Oct.
United
Dec.
company
price ..for
750
■
is
Mr.
dividend of
or
Securities
of
certificates.
125,000
officers
share
per
to
of
in
tion
Accrued
$95,429
Liabilities—Lease
1423. '
$10
15,
England
The
partly
Dec.
$1,937,390.
p.
trust
and
,
redemption
A
1942
1943
Balance
$2,801;
voting
seven
Dec.
proceeds
company
Van
tLoss.
A
or
$6,115,713
$86,873
Assets—Cash,
the
to
prior
its outstanding
of
$1,037,639
88,608
year.
the
shares
exercised
are
underwriters.
is
by the receivers, and
Frank
debentures.
(net)
for
with
234,500
to
registering under the
representing the 234,500
to
654,800
$74,526
profit
or
125,000 shares of such common
of
share
or
capital
General
local,
shares
a
650,000
Interest—mortgage bonds
plies, $789;
principal
no
232,000
$9.50
102,400
—
""Available
shares,
56,754 shares,
484,342
..-
102,400
income
current
.
be
income
Net
with
Utilities Employees Securities Co.-—To Redeem Fund¬
V,
•
/'
Interest at the rate of 6%
before int. & deprec.—
Depreciation
of
issued
issued
and
Pitcairn,
plc^residenfc of The Pennsylvania RR.
(exclusive
statement
respect
warrants
by
been
be
741,733
Operating & admin, expense
Total
have
to
are
to
as
represented
109,500
is
working
the
Other
with
issued
768,391
income
13.180%,
or
share.
United Post Offices Corp.—Earnings—
Net profit
be
181,297
6 Mos. Ended June 30—
Rental
will
shares
thereto
1385.
p.
shares,
474,850
registration
a
appro.
other
or
stock.
shares
latter
notes
1943—12 Mos.—1942
1,388,794
income
Net
—V.
&
shares,
decrease of 2,561 shares from
June 30, 1943.
Investors' hold¬
compared
the purchase
purpose
standing
$7,818,072
revenues—
Income
Gross
for
200,136
gas
devotion
the
York,
155
Inc.—Registration With SEC—
issued
respect
of
'/
—
income
of
Walker Mfg. Co.
a
205,219
.
Net
has filed
——
natural
issue,
be
the
is
Other
the
of
the
warrants
3,916.920
41,553
$1,127,740
™
oper.
1943,
ed Debt—
Oper. revs.—nat. gas—
Operating expenses
Net
outstanding,
to
The
of
early
Sales
— _
res.
6,514,452
and
35,344
taxes
with
holdings of common stock Sept. 30, 1943,
13.7437*, compared with 1,203,051 shares, or
Investors' holdings of preferred stock Sept. 30.
or
Commission
warrants
assumed.
Prop/retire,
V
of
for
12,686,067
376,051
1943, 2,162,101, or
decrease of 26,699
a
or
25.149%, held by brokers on
stockholdings Sept. 30, 1943, were
compared
statement
12,244,982
$2,215,853
shares,
common
certificates
a
2.895,197
363,439
30,
investors
5.5507*
or
company.
Drl,932
Sept.
representing
names,
Simultaneously Paul G. Brown, J. Cheever Cowdin. Preston
Davie, Ottavio Prochet, J. Arthur Rank, Charles R. Rogers and Daniel
M.
Sheaffer, as voting trustees for common stock of the company,
4,588,707
14,434
further
stock.
4,836,908
$11,564,160
while
announcement
investors'
State
company
1,227,972
$1,847,185 $11,770,189
shares,
outstanding
preferred stock
'
Exchange
The
$2,201,419
stock
common
corporation's
Sept. 30,
railroad
B.
Holton,
outstanding
stock
names
the
headquarters in
New
steel
illegal
the
throughout
department.
them
ruled
of
Franklin
v.¥u has its
,f^ca'rn *s President of
debt
6,800,691
Earnings
Other
directed
determining
5.565%, held June 30, 1943.
Of the preferred stock,
1.5757*, were owned abroad Sept. 30, 1943, against 57,115 shares,
1.585%, so held June 30, 1943.—V. 158,- p. 1578.
common
min.
taxes
which
of
in
S.
Norman
also
restating the views
frequent occasions."
subsi¬
1943, were 1,074,182 shares, or 29.8157c, against 1,085,680 shares, or
30.134%, June 30, 1943.
"Foreign holdings of Steel common Sept. 30, 1943, amounted to 483.-
20,167,796
Period End. Aug. 31—
Federal
four
and
and
conscientious
ization
which
1943.
1,196,065 shares,
6,068,146
to consol.
surplus
order
system"
8,703,252
75.158%,
or
State
York
"New
20.325,291
—
carried
corporation
1943.
30,
The
earned
their
in
683.
p.
holdings of common stock Sept. 30. 1943,
were 1,885,253 shares, or 21.661%, against
1,920,692 shares, or 22.0697*,
June 30, 1943. Brokers' holdings of preferred stock were 375,703
shares,
or
10.428%, Sept. 30, 1943, compared with 378,253 shares, or 10.499%,
1,328.247
deductions—1,052,769
applic.
stock
preferred
York
"New
There
———
public
interests
Bal.
Japanese
158,
of
The
to
the
477,411
5.011,353
(net)-™
income
by
receiver
as
Proceeds
2,188,800
30,
brokers
2,736,756
revenues
income
Portion
the
added.—V.
rubber
Court of Appeals at Philadelphia
year—because of war conditions—a
The
Investors'
June
980,609
appropriation
oper.
other
natural
shares, or 13.251%, held
preferred amounted to 3,127,961 shares, or 86.820%, of the
outstanding issue, on Sept. 30, 1943, compared with 3,125,400 shares, or
86.749%, held by them June.30, 1943.
depl.
&
the
shares,
the
in
were
shares
int,
of
sources
plantations by
corporation's
to
brokers'
in
1943.
74.851%,
the
shares.
common
from
30,
6,541,151
4,868,982
—
taxes
Prop,
lin
,
were
1,131,055
Other
reserve
'
1943—3 Mos.—1942
1943—12 Mos.—1942
$11,918,821 $12,309,954 $55,245,516 $55,807,421
expenses—
taxes
Gross
In
of steel had to pay the price in effect
charges from Pittsburgh to the place of
applied whether the steel was manufac¬
amounted
,
the
trust
Net
plant
purchasers
that
3,602,811
"Of
filed
Other
when
the
system, which the Federal Trade Commission
announced
stock and
ended
per
operation
Walter
helpjul to and cooperative with this court, and no small
part of the
crpdlt for the successful handling and termination of the
receivership
rightfully belongs to them.
This court commends the receivers for
supervision
Commission
Universal Pictures Co.,
495.
Net
its
at
synthetic rubber belting is
transmission and conveyor belt¬
Foreign Holdings, Etc.—
£^316,410
quarter
tOf
Operating
Trade
system
The
$2,013,986
—
•■Including
Federal
volume
of
"Pittsburgh-plus
The
It
of
end
at
periods
company's
$1,095,816
Crl,259
--—-
™+,——
prior
$2,329,137
sink fund
5%
Surplus
p.
$1,095,816
retirement
bonds
the
in
were
1,765,951
„
tDividend
for
of
rubber
Pittsburgh or in any other center.
The
appeal was filed in May,
1938.
There were four previous
postponements of hearings.
The present postponement was requested
by the defendants because, they said, their war work would be im¬
peded if their officers and attorneys were required to turn their at¬
tention to the litigation.•
062
from
the
13.823%', June 30, 1943.
—..
Co's
Federal
manufacture.
June
contingencies
periods
Total
start
,
Circuit
freight
tured
356,700
\
28,722
Net profit from oper.
Surplus at beginning of
of
of
appeal
plus
"Of
2,072,125
300,387
$43.5.626
$650 798
:U——
taxes
for
Profit
the
synthetic
another
an
ago,
ings
oper
interest
545,284
98,823
$39,861,273
and
store
operations..
agency
Profit
■
production
,
announcement
States
on
years
June
deduct-
Oth, inc. chgs., net KDr)
Bond
the
for,
19
a
the
24.842%,
stamp & sales taxes. $15,739,788 $14,178,627 $45,401,287
Profit
from
store
and
Profit
'
manufacture
Pittsburgh,
in
shares
after
progress,
mulations
Under
Subs.)—Quar¬
(&
—
Period End. Sept. 30—
sales
its
reorganization.
Steel Corp.—Hearing Delayed for Year
United
discontinue
to
641,331
terly Report
Deprec.
J
Begins Mass Output of
—
with
capture
Pacific,
Oct.
added:
Net
the
hearing
from
diaries
ton-miles,
express
1942,
Co.
announced
made
mass
with
southwest
scheduled
pany announcement
for
of
United States
31,424,178
32,708,005
6,318,357
United Air Lines Transport
1943
off
shut
were
nineteen
The
V
prices.
2,080,314
"■■•Includes
income
week
belting
program
postponed
.»
43,375,213
all
sources
Federal
1U O
1181.
designed to alleviate the shortage of
ing which threatened war industries
10,576,666
12,111,806
■
7,485,034
1,166,677
3,228,955
from
income
1943
vilv
J.
N.
This
31,533,408
31,263,407
1,433,583
-
——
other
&
Net
last
company
and
sources
,
Total
158, p.
*» A4AVAA
in
6,051,451
1,719,218
invest,
from
Other
•
J VMf j
from transp.
inc.
operations
Inc.
1930.—V.
States Rubber
industrial
the
Net
A)
Synthetic Rubber Belting—
Passaic,
joint facility
rents—net charge——
Equip.
'
'
a • •
20,437,423 211,005,896 155,071,402
16,673,939
Wi*
Sept. 2,
United
1943—9 Mos.—1942
ry.1
—
VVMVW
original receivers,
34,885,411 348,364,539 237,598,870
25,443,159
expenses
oper.
Net
WV
since
ment
1943—Month—1942
42,117,098
revenues-,-
oper.
* V*»
»*
Lines)
$
Ry
1677
;
RM* V»j
shares),
shrs.),
par
long-term
Id/8
THE COMMERCIAL & FINANCIAL CHRONICLE
dcbi:,
$6,720,000;
accounts
payable, $23,644; dividends payable Oct. 1,
1943 (less deposit of $17,250), $7,500; customers' deposits and accrued
interest thereon,
$134,635; accrued general taxes, $110,494; accrued
Federal
term
debt,
profits
excess
$4,063;
liabilities,
miscellaneous
$63,564;
struction,
total,
and
income
donated
surplus,
158,
interest
$16,080;
earned
The
95%:
surplus, $250,342;
Westchester Fire Insurance Co.—Extra Payment—•
dividend
extra
of
10
cents
both
payable Nov.
been
disbursed each
share and the
per
been declared
1568.
p.
5,
Telegraph
Co.
and
the
stantially
the
will
enable
the
merged
Union
the
of
concentrated
the
in
of
dismantle
in
a
orderly
Union
by
offices
a
Union
certificates
be
other
145,
p.
for
deposited,
between
conditions
are
Western
1941.—V. 156, p.
of
these
both
of
sales,
cost
Selling,
sub¬
immediately
telegraph
offices,
offices
Net
a
public,"
to
certain
FCC
The
order
requires,
conditions
forbade
for
less discounts
of
profit
3
and
Months
from
Federal
returns
and
11)43
allowances-__
general
operations—
■
income—
to
income
&
credit
Net
excess
excess
profits
taxes.
profits
,
Balance
life
is
to
offering
buy
all
of
,
the
stock of Whittenton Manufacturing Co. at $5 a share that
be deposited with The First National Bank of Boston before
3 p.m. Nov. 5.
The trustees under the will of Arthur T. Lyman, who
hold 4,070 shares of the 6,000 common shares outstanding, have agreed
common
the
accept
Co.
offer.
Ziskind
to
says
hand
on
for
purchase
Whittenton
from
Corporation
them
Manufacuring
all
of
has
Personal
excess
report
bad
Sheet,
and
debts
total,
profits
that
taxes,
Property
the
$1,410,269
$706,691
$480,915
199,366
145,508
101,421
$1,210,902
$560,183
$379,493
''188,900*
for
457.—V.
Pump
1236,476
*148,630
58,800
$321,693
in
State
the
158,
&
to
Sept. 30, 1943
prepaid
ex¬
profits
excess
$358,867
$518,861
$411,553
850,886
599,637
459,185
273,891-
296,438
267,613
271,100
136,400
$913,315
$850,886
$599,637
$459,185
263,500
263,800
269,400
272,200
$1.36
year
surplus-
$1.97
$1.53
-
:
——,
surplus
stock
Machinery
for
$5,266
Corp.
Federal
ended
and
Sept.
domestic
income
and
30,
1943
accrued
on
and
$7,000
provision
in
in
1940
prior
$1.18
applicable
fAfter
year.
to
prior
,
•
Aug. HI,
!»IH
of
$15,394),
$7,866;
total,
$5,089,626.
commissions
accrued
social
and
expenses,
$18,576;
Federal capital stock tax and excise tax,
security
$443,500;
miscellaneous
taxes,
$19,407;
common .stock
provision
for
ALABAMA
is
possible that
Large Cash Balance Reported—
The
2
carried
the
following
Los
re¬
tails—In
State
government is
enjoying "glowing" financial
health, Finance Director Hayse
Tucker
said
today
as
he
closed
the books for the fiscal year with
a cash balance of
$40,159,976.60.
In addition to the cash
said
hand,
on
Tucker, the State has invest¬
totaling $9,389,750.
added
balance
that
was
this
year's
cash
noted
crease
statement
of
reflects
$13,380,000
over
an
a
in¬
year
in cash distributed among the
various State funds," he declared.
"Despite
this,
we
have
made
larger expenditures, such as $2,ago
000,000 to schools and $6,250,000 in
income
taxes
invested
in
war
bonds."
He gave this summary of the
State's cash balance for the fiscal
year
ended yesterday:
Bond
Offering
with
De¬
the
of¬
our
issue
of
Oct.
11—v.
158, p. 1481—the following addi¬
information
has
been
fur¬
nished:
Bonds
maturing on or prior to
1, 1946, shall not be subject
redemption.
Bonds maturing
Nov.
to
and after Nov.
on
1, 1947, may be
or in part, at
Department, on
Nov. 1, 1946, and on any interest
redeemed, in whole
the option of the
payment date thereafter prior to
maturity,
at a redemption price
with respect to each such redeem¬
able bond equal to
100V\% of the
principal amount thereof, plus Va
of 1% of such principal amount
for
each
12 months'
period, or
fraction thereof, from the date of
redemption to the maturity date
of
such
bond, but not exceeding
103% of such principal amount.
Funds in the treasury for sink¬
ing funds and trust accounts, $7,The Department may, in such
083,426.24; in the treasury and manner as it may elect, select for
belonging to the Federal Govern¬ redemption bonds maturing on or
ment, cities, associations and coun¬ after Nov. 1, 1947.
Notice of the
ties, $4,943,022.10; necessary for intended redemption shall be pub¬
working
lished by the Department at least
capital,
and
encum¬
bered due to purchases authorized
but unpaid,
$6,408,928.09; surplus
in
special educational trust fund,
$15,166,230.77;
surplus
in
war
fund,
emergency
outstanding
$4,415,236.84;
$2,143,-
warrants,
042.56.
ARIZONA
once
a
calendar
week
for
four
\
$22,988:
Federal
income
$10);' $2,635,000;. capital surplus,
$774,748; earned surplus, $913,315; total, $5,089,626.—V. 158,
p. 96..
>
subsidiaries
(par
Yosemite Park & Curry Co.—Resumes Dividend—
The
to $3,073,-
directors
recently declared
dividend
a
the common stock, par $5.
payable to
previous payment was one of 50 cents
of
holders
60
of
cents
record
per
Oct,
Sept. 22, 1941.
on
share
22.
•.
,
on
The
i
City Depart ment
selected
for
redemption,
accom¬
1!
Charlotte
The City's $674,000 in outstandCounty (P.
O. Punta i
Gorda), Fla.
i ing bonds are all remaining of the
turing after the redemption date,
Bond Call—It is stated by J. M. j boom-time
bonded indebtedness
be surrendered for redemption, at
:
Lee, Secretary of the State Board of $1,500,000. The bonds now draw
a
place within the City of Los of
Administration, that the Board j interest at 3%, but in September
Angeles, specified in the notice; of
Administration, successor to the | of 1945 step to 4%, and make an-'
(d) designate a place within the Board of
County Commissioners other jump to 5% in 1950.
City of New York at which, at the of Charlotte
About $34,000 a year is
County, Fla., by vir¬
being
option of the holder, the bonds tue of section 16 of Article IX of
raised on ad
panied by all interest
connection
in
tional
some
$20,000,000 bet¬
ter than last year's.
"Our
be
fering scheduled for Oct. 26, of
the
$3,200,000 water works re¬
funding revenue of 1943 bonds,
ments in bonds
He
may
Angeles, Calif.
Additional
port:
Alabama's
case
CALIFORNIA
Montgomery "Advertiser" of
Oct.
the
argued in January.
(Slate of)
i
accrued
BOND PROPOSALS AND NEGOTIATIONS
Alabama
it
deducting
'
hand
State and local taxes.
excess
profits
adjustments, net
amounted
excess
payable; $181,652; employees' pay roll recluc-.
tions, withholding taxes, $25,205; accrued salaries and
wages, $50,235;
and
year-end
in" 1943
Liabilities—Accounts
taxes,
audit
out-
$4,300
1'Less
amortization
1286.
State and
455,565
and demand deposits, $1,098,519; U. S. Treas¬
notes,
tax
series, $467,006;
U.
S. certificates of Indebtedness,
$250,042; notes and trade acceptances receivable and accounts receiv¬
able, trade (less reserve for doubtful notes and accounts of $101,855),
$567,267;
inventories, $1,288,647;
sundry investments and advances,
$10,375; officers' and employees' notes and accounts, $7,862;
post-war
refund of excess profits
taxes, $31,096; property, plant and equipment,'
$1,071,547; idle plant (less reserves for depreciation and loss on dis¬
posal), $240,860; deferred charges, $48,540; patents (less reserve for
bank,
income
annual
nine months
p.
$232,804
ury
of
provision
subject
taxes
Balance Sheet,
$3,248,750.
and
after
but
income
outstanding preferred stock of
consisting of 3,275 shares, par value
Co,,
■—'
'
$76,981
Worthington Pump & Machinery Corp.—Earnings—
contemporaneously
Whittenton
:
Fed-
the
earn.
com,
Cr22,500
-
(less
Worthington
Crescent
the trustees of
" '"'
""
post-war refund of $31,096.
250,000
taxes.
.
that
agreement with
an
6,250
,
tax—
$1,042,633; capital stock.
$137,000; capital surplus, $632,237; earned surplus,
$1,256,949; stock
held in treasury,
J9r$32,624; total, $3,248,750—V. 158, p. 496.
may
Mr.
"
151,790
taxes—
for
^'Including
Liabilities—Accounts payable
(regular), $128,308; accounts payable
(miscellaneous), $1,713; accrued salaries and wages, $36,077; accrued
taxes
(misc.), $44,732; misc. accrued items, $1,725; Federal income
Receive
and
Mass.,
inc.
years.
$338,330; accounts receivable
$60,219), $374,537; inventories, $858,127;
insurance, $94,875; investments, $552,671; plant, property & equip-,,
reserve
Federal
Assets—cAsh
profit
Assets—Cash
(less
Offer-*River,
$932,361:
—
standing (no partEarnings per share____
343
.
and
depreciation reserves of $245,272), $849,463;
and deferred charges, $21,629; post-war refund of
Fall
34,702
:■
$311,074.
„
taxes
surtax
of
i
$159,117;
of
$446,213
43,376
—
profits
Shares
5,997
penses
Ziskind
$663,315
46,736
bef.
Dividends paid
$305,077
—
taxes,
to
$1,157,787
:
;
normal
Post-war
Union
1579.
Boston—Stockholders
$1,363,533
;
118,095
ment
Co.,
$887,222
45,140
taxes
for
Previous
expenses—
only office ia n community.
Finally, where a duplicate telegraph office
eliminated, Western Union may not reduce the maximum combined
Mfg.
eral
>
Prov.
excep¬
is
Whittenton
oper.
$780,571.
income
Net
Sept. 30,
hours of service
158, p.
4,100,559,
734,615and
.
charges
Pennsylvania
and
than one-quarter of a mile away; or to close, cut hours of service
otherwise impair the operating efficiency of any office which it the
given that community.—V.
1940
$4,516,772
4,396,911
V',
Ended
sales-__
income
Other
community where the nearest available telegraph office is located
made
Net
any
now
1941
$5,060,226
5,588,831
.
Inc.—Earnings—
_
however,
and
Western
1942
$6,952,364
6,166,854
,
Excess
.
overtaxing its facilities
relatively idle.
income
Other deductions
$1 Payment—
Total
an¬
heavily
became
1943
$7,054,076
exps.
2870.
1960.
Statement
administrative
Other
following
and
Other income
Earned
in
use
were
the
of
subject
traffic
sales
Net profit: from
'
offices
Western
efficient
more
personnel
Gross
Total
27,
Union
serving
now
of
fI'.cHtr *• .y }
than
com¬
July 3, 1943 and
complied with.—
par
Income
more
Jacob
less
the
not
that
31—%
t
a dividend of $1
per share on the com¬
value, payable Nov. 4 to holders of record Oct. 29.
with 50 cents paid on Nov. 6, last year, and $1 on
no
trunk pole lines, wires, conduits, or cables; to close
any functional office or to close or cut hours of service of any office
or
preferred
Cost
dividends
any
certain
that
shares
common
Bureau.")—V.
compares
24,
Tele¬
the FCC Sept.
authorized
for
and
arose
interests
be
the
on
company.
when
noted.
Western
elimination
provide
Postal
the
Commission
to
to
merger,
authorization
the
had
facilities
Postal
former
"protection
tions,
approved
it
telegraph
authorization
Western
while
this
that
the
this
Inc.,
The
Union
of
merger
19
Oct.
duplicate
areas.
,of
former
for
nouncement
The
same
carrier
need
personnel,
1,800
Western
and
The
Telegraph,
announced
about
unpaid
Co.-—To Abolish Duplicate
the
of
purposes
Postal
Commission
eliminate
to
that
and
News
condition
on
and
Co.—Earnings—
Years Ended Aug.
sales
Net
of Oct. 1, 1943.
declared
Willson Products,
implement
graph
the
have
1943,
stock,
This
Offices—
To
is
outstanding
not
Wilson Jones
also
The directors have declared
mon
Dec.
Union
the
accrued
upon
is
offer
Total
\
Western
dividends
were
conditioned
this
Monday, October 25, 1943
delivered to Crescent Cor¬
so
Wieboldl Stores, Inc.—To Make
18.
Like amounts have
and including Aug. 1„ 1940.—V. 157,
quarter since
preferred stock being
'
to holders of record Oct.
1
There
will
("Boston
regular quarterly
the capital stock,
on
said
Ziskind offer
of
Nov,
An
common
on
agreement, he says, "is
stock under this offer, and
stock of $87.50 pr share as
pany
dividend of 30 cents per share have
which
up
poration."
liabilities,
780.
p.
$452,500,
taking
my
long-
on
for
conditioned
$9,361; deferred
contributions in aid of con¬
$2,738,671;
reserves,
$35,365;
$12,293,991.—V.
$118,572;
taxes,
current
$100,
coupons ma¬
1
be surrendered for collection
may
valorem
levies
now
the State
Constitution, has elected for bond retirement, and the Comits option to call for
j missioners have indicated ~ they
give
payment on Dec. 1 road/ and bridge i would like to figure on a similar1
bonds so selected for redemption
refunding bonds aggregating $815,-'
j basis in years to come.
.
will cease to accrue on the re¬
000, of the par value of $1,000
demption date. If any of the bonds each.
j
City Manager J. C. Buckels said
"
-//:>'■
: the
city has discussed the pro¬
selected for redemption shall be
Dated Dec. 1, 1936.
Due Dec. 1, posed
refunding with Pringle &
registered, the Department shall, 1966.
of the
redemption price; and (e)
notice that interest on the
to
t
^
before the date of first pub¬
lication of the said notice of re¬
or
on
exercise
Holders of said bonds
are
noti¬
fied to present their bonds with
demption, mail a similar notice, all interest
coupons attached to
postage prepaid, to the respective the Chase National
Bank, New
registered owners thereof at their York
City,
the
paying
agent,
addresses appearing on the regis¬
where redemption will be made
tration books; provided, that such
at par, plus accrued interest, on
mailing shall not be a condition date named.
Interest ceases on
precedent to such redemption, and date called.
.
that failure to mail
or
.
.
,
to receive
such notice shall not affect
the validity of the proceedings for
the redemption of such bonds, or
Awarded—It is stated that Shields
the
& Co. of New York
any
cessation
of
interest
on
the
date fixed for redemption.
Bond
M.
Call—It
were
Contract
awarded
involving
reported
by
Fernandina, Fla.
Lee, Secretary of the State
Bond
Sale—In
connection
Board of
1
l
(»f
Emerson
Okeechobee, Flai
Report
said
Bond Exchange—It is,
of the old indebt¬
on
that
j; j
<
t
60%
edness of the above
city has been
surrendered to the
Irving Trust'
Co., New York, for exchange for
refunding bonds as provided
U
new
1
the
refunding program.;
Approximately $60,000 additional
bonds must be surrendered before
final decree can be obtained.
a
<
J
t
H
GEORGIA
bonded indebtedness,
issuance of about
forthcoming shortly.,
and
Cook Co., of West Palm Beach.
Georgia (State of)
the
Special Road and $4,400,000 in new refunding bonds.
Complete details are said to be
is
Charleston
recently the contract to refund the
Bridge District No. 1 (P. O.
Gainesville), Fla.
J.
Refunding
above city's
FLORIDA
Alachua County
Debt
of
under
Clearwater, Fla.
'r
Co.
Attorney General Rules Federal
Income Tax Payments
Deductible
i f
I—According
to a ruling given recently by T. Grady Head, State
! Attorney General, Federal
income
with tax
payments by Georgians are
Administration, that the the award of the $28,000 4% cou¬
successive
calendar
weeks
(the
deductible from their State income*
said Board, successor to the Board
first publication
pon semi-annual general refund¬
to be not less
tax returns.
of Bond Trustees of Special Road
than 30 days prior to the date
ing bonds to John Nuveen & Co.
State
and Bridge District No. 1 of Ala¬ of
Revenue
Commissioner"
fixed
for
Chicago, at a price, of 108.691,
redemption)
in
one
chua, Fla., by virtue of section 16 a basis of about 3.39%—v. 158, p. J. Eugene Cook predicted a $3,newspaper printed and published
000,000 loss in State income tax'
and of general circulation in the of Article IX of the State Consti¬ 1579—the following is a list of the
collections as a result of the rul¬
City of Los Angeles, and in one tution, has elected to exercise its other bids received,, as furnished
to call for. payment on by W. C. Drager, City Manager: ing.
newspaper printed and published option
"If the
and of general circulation in the Jan. 1, 1944, refunding bonds, se¬
taxpayer has actually,
103.27
ries B, Nos. 254 and 257 to 261 Stifel, Nicolaus & Co
paid Federal net income taxes, in
Borough of Manhattan, City of
Clyde C. Pierce Corp.___»„_10^,33 1943
based upon his return
New York, State of New York. aggregating $6,000.
filed"
Gulf Life Ins. Co., Jackson- Y
in 1943," the
Such notice of redemption shall
Dated July 1, 1935.
Due Jan. 1,
Attorney General'
ville
—______102.05
held, "he would be entitled to'
•
(a) specify the serial numbers and 1951.
Walter, Woody & Heimersuch a deduction on
the maturity date or dates of the
Holders of said bonds are noti¬
his return
dinger
i—101.67 filed
with the State on or before"
bonds selected for
fied to present their bonds with
redemption, ex¬
March 15, 1944.
Kissimmee, Fla.
•
cept that where all the bonds sub¬ all interest coupons attached to
•
R
1
,
M
'
Maricopa County (P. O. Phoenix),
Ariz.
Appeal Brief Filed
ported
case
that
Equitable
pany
the
of State
of
Life
of Iowa
vs.
—
It
plaintiffs
is
in
re¬
the
Washington and
Insurance
Com¬
Maricopa County,
Ariz., have filed their brief in the
*
ject
appeal of this matter to the Fed¬
bonds of
redemption, or all the the Chemical Bank & Trust Co.,
one
maturity, are to be New York City, the paying agent,
A/ppeals, redeemed,
the
serial
numbers where redemption will be made at
Ninth District, at San
Francisco, thereof, need not be specified; (b) par, plus accrued interest, on date
and
that defendants have
until state the
Interest ceases on date
redemption date; (c) re¬ named.
eral
Circuit
Court
December 3 to file their brief.
It
quire
Proposed Debt Refunding—The
to
of
that
the
bonds
of
1943
called.
City Commission
discussed with
B.
J.
New
Van
York
of the
a
is said to have
representative of
Ingen & Co., Inc., of
a
proposed refunding
city's bonded debt.
The
ration
ruling added that a decla¬
of
anticipated income as*
taxpayers with the Fed¬
filed by
eral
Dec.
Government
15
is
tax return
on
Sept. 15 and
tantamount to filing a
on
1943
income!
*r./
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4223
158
ILLINOIS
Government, which granted $23,000,000 for subway building on a
promise of unification and had an¬
nounced
the
last
$7,700,000 of
this would be withheld until unity
Bloomington, III.
;
Bond
Tending—It
Issuance
said that Robert
is
Underwood, City
Attorney, has been instructed to
draft an ordinance calling for the
issuance
of
Chicago
and
$35,000 street
bridge improvement bonds.
Aldermen Vote to
une"
of
Oct.
carried
19
Clerk
"Trib^
the
lowing article:
A; A special sub-committee headed
by Mayor- Kelly
yesterday by the
Committee
; appointed
City Council's
was
out
redeemable
R.
James
J50thJ, that he
bonds
bonds
Quinn
to
city
was
all methods
use
"decent"
local
the
by
possible to get
O.
,
Plan
"in
been
principle."
turned
by
down
the
plan
several
Illinois
mission
the
on
that
interest
considered
elevated
is
do
could
better
"As
,
management,
the
of
Bond
Board
look
that
face lines that at
$70,000,000
or
$37,000,000
to
one
into
of the County
the
are
was
used
to
city tax warrants, and there
losses when
some
buy
were
spending, amounted
$55,000,000 or $60,000,-
Dec.
Mayor
said
that
the
city
would
be
bonds.
financed
with
1
■
the
-•
fund
Nos.
may
Alderman
surface
been
for
the
people.
'V-V
Waller said
lines
in
put to great
that
the
receivership had
expense; so
had
the
"L"
in
bankruptcy;
there
might be private investors willing
to finance municipal ownership,
but there
money
•
21
..■rir,
•
on
The
Mayor
disposition
to
said
criticize
was
no
anybody:
that every avenue of approach to
unification would be used so that
the
city would have better trans¬
portation and make good with the
Nuveen
a
of
Due
Boston,
4%
To
&
registered
Oct.
1, 1957.
registered
1, 1958.
Due Jan.
Bankers
York
and
Trust
Co.
associate,
of
at
135.512:
$26,000
4%
Boston,
Mass.,
bonds.
Due
registered
Oct.
1,
1967.
Interest A-O.
1, 1941. Denomina¬
Boston,
4%
bonds.
Due Jan.
1, 1969.
Smith, Barney & Co., Union
Securities Corp., Goldman, Sachs
& Co., Estabrook & Co. and Hornblower & Weeks, all of New
York,
jointly, at a price of 140.43:
$40,000 Boston, Mass., registered
4%
Boston,
Mass.,
bonds.
the
.
$6,000
4%
Bankers
bonds.
26,000
4%
Due
Boston,
Trust
Co.
of
Oct.
1, 1957.
Mass.,
bonds.
Interest
Co., all
at
Due
registered
July 1, 1959.
J-J.
129.02:
Bank
Continental-Illinois
& Trust
Said 5 bonds
cago.
sented
in
Co., Chi¬
must
negotiable
be
form
Smith, Barney & Co., Gold¬
man,
Sachs & Co. and Estabrook
Dec.
1,
a]]- subsequent interest
Interest ceases on date
of
New
York, jointly
Interest J-D.
the
First
Boston
Corp.,
Boston, Mass., registered
4% bonds. Due June 1, 1961.
Interest J-D.
5,000
Boston,
4%
Mass.,
bonds.
registered
Due Jan.
Interest J-J.
v' ■'
1, 1960.
Boston,
Mass.,
414% bonds.
registered
Due Jan.
1, 1964.
Interest J-J.
To
Bonds
Autlioried—The Village
Council is said to have passed an
ordinance recently calling for the
issuance
of
$96,300
judgment
Smith, Barney & Co., Gold¬
Sachs & Co. and Estabrook
&
Co., all of New York, jointly,
at 138,00:
$25,000
Boston,
4% bonds.
Mass.,
Due
registered
April 1, 1971.
Interest A-O.
bonds.
Rock Island,
III.
Announces Plan to Redeem Past-
Due Assessment
Bonds—The
fol¬
Treasurer
G.
(State of)
Bagley
Dies—Willis
C.
Bagley, State Treasurer
since 1938, died on Oct. 20, at the
age of 69, following a heart attack.
Bond
the
Offering—It is stated
Town
Clerk
that
he
by
will
re¬
ceive bids until 8 p.m. on Oct. 29,
for the purchase of $11,000 2%
semi-annual sewer bonds. Denom¬
ination
To Smith,
$1,000.
Due $1,000 from
1, 1945 to 1955 inclusive.
Legality to be approved by Chap¬
Nov.
& Cutler of
man
Weeks, all of New York,
jointly, at 149.69:
$107,000 Boston, Mass., registered
414 % bonds.
Due Dec. 1,1976.
of
<
<
*
KENTUCKY
Bonds
Kidder, Peabody & Co.
York
and
associates,
Chicago.
Boyd County (P. O. Catlettsburg),
Ky.
Interest J-D.
Sold—It
is
stated by W.
E.
at
Fearing, County Court Clerk,
that $25,000 3% school building
revenue bonds were purchased on
$25,000 Boston, Mass., 414% bonds.
Due Sept. 1, 1982, optional in
Oct. 15 by Stein Bros. & Boyce of
Louisville.
No other bid was re¬
New
121.82:
To
Interest M-S.
the
First
Boston
Corp.,
at
Due
Oct.
1953.
1, 1963, optional in
Interest
A-O.
4,000 Boston, Mass., 4%% bonds.
Due Sept. 1, 1981, optional in
1951.
Interest M-S.
M-N.
Dated
Shields
&
Co.
of New
York
associates, at 147.321:
$10,000 Boston, Mass., registered
412% bonds.
Due
May 1, 1971.
Eldredge
&
of
of
1,
as
1945, $1,500 in 1946 to
1951, and $2,000 in 1952 to 1958.
Subject to prior redemption in in¬
verse
numerical order
on
in¬
any
days'
pulbished notice at par and ac¬
crued interest, plus a call pre¬
mium equal to 3% of the face value
thereof if
said
call
TntA
.
N.'
15,
the face
value
call date shall be
date
shall
be
thereof, if said
on
after Nov.
or
1, 1948, but prior to Nov. 1, 1953;
equal
$45,000 Lowell, Mass., 3% bonds.
Due Oct. 1,1049. Interest A-O.
To F. S. Moseley & Co. of New
York, at 130.96:
$5,000 Buffalo, N. Y., registered
4% bonds. Due April 15, 1959.
June
$1,000 and $500.
follows: $1,000 in
and
of
Co.
Co.
York, jointly, at 111.673:
5,000 Buffalo,
Nov.
1944
prior to Nov. 1, 1948; equal to 2%
Braun, Bosworth &
and
Due
Interest pay¬
Nov. 1, 1943.
terest payment date upon 30
and
To
able
Denominations
$35,000 Boston, Mass., 414% bonds.
Toledo
,
ceived for the issue.
1%
to
of
the
face
value
thereof; if the call date is there¬
after. Principal and interest pay¬
able at the Third National
Bank,
Ashland.
LOUISIANA
a-
Y., 414% bonds.
1956. Interest
Eunice, La.
Bond Call—It is stated by
Wade
Guillet, Town Clerk, that 214%
2 Va% gas utility revenue re¬
funding bonds Nos. 23 to 46 to
$4,000 Buffalo, N. Y., 4% bonds.
Due $2,000 Oct. 1, 1958 and
for payment 011 Dec. 1.
J-D.
To
J.
First
the
1962.
Boston
Corp.,
at
and
the
Interest A-O.
16,000 Buffalo, N. Y., 4% bonds.
ment
Forgan & Co. of New
York, at 129.93:
To
Kidder, Peabody & Co.,
Giore, Forgan & Co., both of New
York, and Townsend, Dabney &
Said bonds should be presented
for
payment at the place of pay¬
designated
1956
and
1957.
Interest J-D.
24,000
Cranston,
R.
I.,
4V2%
bonds.
Due $8,000 April
1,
1954 to 1956.
To
the
Union
Interest A-O.
Trust
Corp.
Weeks, both of
New York, jointly, at 130.07:
$27,000 Pawtucket, R. I., 4V2%
bonds. Due July 1, as follows:
$10,000 in 1956 and 1957, and
$7,000 in 1958. Interest J-J.
To Glore, Forgan & Co. of New
York, at 129.66:
Co.,
Providence,
R.
I.,
Due July 1, 1956.
bonds.
4%
In¬
Shreveport.
bonds,
Interest
date called.
Certificates
Sold—It
is
stated
by Mayor A. M. Edwards, Jr., that
$40,000 paving certificates were
sold
recently as 314s. Dated Oct.
Due $4,000 in 1944 to
1953, inclusive.
1943.
MARYLAND
Baltimore, Md.
Operating
Expenditures
The City of Baltimore spent
Up—
$42,-
710,357.52, or 75.17% of total ap¬
propriations during the nine
months of this year, according to
the
$50,000
said
Ponchatoula, La.
15,
Securities
in
the Continental American Bank &
ceases on
$25,000 Cranston, R. I., 4% bonds.
Due
June
15,
as
follows:
$5,000 in 1955 and $10,000 in
called
are
1, 1942. Due Dec. 1
$5,000 in 1949 to 1952
$4,000 in 1953.
Due
Feb.
15,
as
follows:
$1,000 in 1952; $3,000 in 1955
and 1956; $2,000 in 1957, and
To Glore,
$24,000
Dec.
follows:
as
and
Interest F-A.
of
amount
Dated
•
man,
Morton Grove, III.
IOWA
Mediapolis, Iowa
Interest A-O.
To
$10,-
construc¬
at
Boston, Mass., registered
414% bonds. Due Oct. 1, 1963.
1,000
School
equipment bonds.
Iowa
$5,000
and Hornblower &
$32,000
and
should have' attached Uhe
and
To
pre¬
500 not to exceed 414%
tion and
Interest J-J.
1, 1973.
associate, at 127.62:
Boston, Mass., -V registered
&
the
to
Authorized—The
to have determined to issue
$7,000 in 1958.
Due Nov.
New York and
>
Bonds
registered
20,000 Boston, Mass., registered
414 % bonds. Due June 1,1974.
\
Township Advisory Board is said
414% bonds. Due July 1, 1968.
Interest M-N.
1, 1961. Pay¬
Interest A-O.
Co., Coffin & Burr
Interest M-N.
15,000
To
and
Perry Township Indep. Sch, Dist.
(P. O. Indianapolis), Ind.
First
of Michigan
Corp., all
York, jointly, at 142.441;
$3,000 Boston, Mass., registered
4J/4% bonds. Due Nov. 1, 1958,
registered
Interest J-J.
bonds
National
\
and
Due
Mass.,
To
?
In¬
in
134.01:
5,000
To
fol¬
$4,000
5,000 Hagerstown, Md., 5% bonds.
Due Oct. 1, as follows: $3,000
in 1975 and $2,000 in
1984.
registered
May 1,1962.
of New
New
Mass.,
bonds.
the
New
Due
Interest M-N.
To Shields &
price of
Interest J-J.
ment of the principal amount, to¬
gether with interest accrued up to
and including Dec. 1, 1943, will be
made
on
presentation
of
said
called.
there
Mass.,
bonds.
10,000
:
Mass.,
1
the surface lines, he
said, was "rotten," although the
operating company had $30,000,000
in cash ready for improvements.
that
John
Co.
Interest A-O.
bearing interest at
tion $1,000. Due Jan.
'
Service
reported
Boston,
41/4% bonds.
To
Trust
Interest A-O.
Jan.
coupons.
ferments.
35
to
Dated
showing yet that;
4943
would be available for betwas no
Interest A-O.
National
'
invested unwisely, but
administration wants to do
is.
right
Money talks."
is
and
1, as
1981
$5,000 in 1983 and 2000.
at
126.13:
the
Boston,
4%
.
Corp.,
Interest M-N.
$35,000
4% J&D,
have been
what
46,
35, bonds numbered
16 to 20,
bearing interest at 5%, J & D and
country are
those terms.
traction
No.
Lincoln
Bankers
York
Boston
414%
Md.,
June
terest J-D.
15,000
126.52:
Shaeffer, School Treasurer,
is calling for payment on Dec. 1,
refunding bonds numbered 16 to
"The certificate buyers will take
the risk," he added.
"The finan¬
of
District
County, III.
Call—It
Bond
'
cial
giants 3 of the
willing to buy on
New
W. C.
revenue
.
School
Du Page
Would not guarantee the securities
of the proposed
company, which
this
1, 1942.
the
Co., Chicago, jointly, at
before
now
issue of $8,346,000 to fund all
unpaid bills and judgments out¬
standing against the county as of
Elmhurst
The
one
the
First
1952.
follows: '
as
To
1943,
be¬
of
sold
These bonds
1,
in
$792,000 various
blocks of municipal bonds offered
by his company on Oct. 20 were
yet.
of Nov.
date
$39,000
J-J.
Wayne, Ind.
that
an
.
Some
bear
the
$33,000 Boston, Mass., registered
41/4% bonds. Due Oct. 1, 1960.
were
Nov.
1,
follows:
as
Interest payable
reports
the Finance Committee calling for
subway
000. j
funding bonds.
Dated
July 1
1951, and
Due
lows:
132.02:
Life Insurance Co. of Fort Wayne
Board of Commis¬
alternative to the
good by tax col¬
Alderman
Quinn said
present the fund, including
To
John Nu-
Sells $792,000 Bonds—F. J. Mc-
This proposal was offered as an
of the warrants
made
about
definite
ing optional in the amount of
$226,000 on Nov. 1 of each year,
1945 to 1959, and $230,000 would
be callable on Nov. 1, 1960. '
lections.
to
as
issue of
bonds
18 to
on
Fort
Iiagerstown,
bonds.
of
1.23%.
in
$14,000
.
Barney & Co., Union
Securities Corp., Goldman, Sachs
& Co., Estabrook & Co. and Horn-
clear, title.
Lincoln National Life Insurance Co.,
and would mature in 20 years,
so?"
[This fund in the early depres¬
sion days and under a previous
administration
1952.
sioners, calling for the issuance in
the near future of $3,620,000 judg¬
would
Where
no
Oct. 19 to the Finance Committee
ment
or
be
plan
have been presented on
is said to
is
have
820,000,000
to
the market
on
$2,000,000
a
The
—
said
the
Chicago, as l!4s,
price of 100.189, a basis
Due
$30,000
County (P. O. Chicago),111.
some
expended.
that at
ac¬
Bond Issuance Pending—A
now
been
is
refunding bonds, but
plans have been made
$40,000,000
other
Pending
Trustees
month
next
time reached
more;
.
Issuance
of
planning to place
proved
being
subway.
It was
earnings of the sur¬
built from the
the
will be
a
about
1943.
the
Oct.
on
Diarmid
used to build the
not
bonds
a
refunding
Co.
&
paying
rate of interest.
municipal
may
$69,000
awarded
con¬
in
The best bid shall be the
Cook
we
traction: fund
were
the specifications
to
before
owner
Gary, Ind.
ceptable bid specifying the lowest
Com¬
M-S.
tax sale
Bonds Sold—It is reported that
offer to
153.11:
'
blower &
of
est.
,
example
an
not
offering the lowest rate of inter¬
bargaining than it
before.
a
INDIANA
awarded to the acceptable bidder
1,000% right. The city has changed
position; it now contends that it
can
(one
with the inclusion of
Commission
merce
the
assessment lien
have
can
in mul¬
Principal and
the District
that does
property
property
No bid will be
notice of sale. The
com¬
zation will be much less than that
the motor coach
company.
"On this assumption the
city will hold
an
Shields & Co. and Coffin &
at
the
rate of interest and otherwise
"They called
it excessive.
Now the municipal
program assumes that the capitali¬
even
the
lien instead of
on
veen
form
pany," Waller said.
figure,
explained
method has been used before and
purchase the entire issue of $121,000 at not less than par and at one
ground of financial
and
at
ago
Com¬
"The Commission objected to a
of $179,000,000 for the
lines
payable
Treasurer's office.
shall
interest
tiples of Vi of 1%.
to
as
Bidders
amount.
or
prop¬
limitation
rate for the entire issue)
valuation
surface
Rudgren
means
To
at
134.19:
the
without
specify the rate of
unsoundness.
.
Mr.
be
to
all the taxable
was
weeks
Commerce
taxes
thus re¬
off the
pay
jointly,
$39,000 Boston, Mass., registered
4% bonds. Due Sept. 1, 1980,
optional
in
1950.
Interest
property.
The tax sale
certificates must be paid off by
rate
He said there had
unification
valorem
ad
money
can
the
due
outstanding bonds.
payable
are
the
city
ceived, the
occasioned
or
and
With
and
district
effort made to repair the
no
old
city.
collected
erty within the boundaries of the
however, one dissent¬
ing voice, that of Aid. James B.
143rd].
district,
levied upon
There was,
Waller
the
from
for
Quinn Committee approved
M.
sessments
law¬
against the district for
destruction is caused
Chicago.
The
date
damage to or destruction of other
property where such damage or
determined
transportation
assessments, tendering the
to the County Treasurer,
who will in turn pay it back to
the city as delinquent special as¬
Boston,
Burr, both of New York, jointly,
money
to be issued to pay
are
starting next week.
quent
at a subsequent
called for payment. The
ful claims
wedded
to the story of public ownership,
but that' all other programs had
failed and the
earliest
on
The city will pay up the delin¬
optional
date are
not
was
sale
shall first be redeemed before any
Appearing as a witness, ' the
Mayor told the Committee, headed
Alderman
the
on
assess¬
tax-sale
property delinquent
in special assessments at the tax
Jan.
:
by
certificates
in
fund
reserve
of
115.73:
night by the
The city will invest
$159,000 from the special
ment
Tyson
Monday
City Council.
Due on Jan. 1, 1949;
follows—$21,000 on
1, 1947, and $50,000 on Jan. 1,
1948.
The bonds may be regis¬
tered as to principal.
All bonds
possibility of
-getting possession of the three
major
traction
companies
by
agreement and uniting them under
a
program of municipal owner¬
ship.
■
•
' '
Island
bonds, coupons and interest
which will be retired under a plan
approved
on
1, 1943.
optional as
the
Rock
ment
Dec.
local transportation
on
sound
to
bids will
payable J-J. Denom. $1,000. Dated
fol¬
the
position to retire all its out¬
standing special assessment bonds
starting about Nov. 1, Martin T.
Rudgren, City Clerk, said today,
The city
has $64,703 in out¬
standing past due special assess¬
Nov. 4, for
the purchase of $121,000 coupon
land damage, Series One bonds.
Interest rate is not to exceed 3%,
(WT),
a.m.
of
Rock Island probably will be in
by James J. Sullivan,
the Board of Trustees,
of
until 11
carried in the
was
issue
a
O.
(P.
Sanitary District
Chicago), III.
13
"Argus":
be received
Scan Transit
Chicago
Oct.
■
Bond Offering—Sealed
Chicago, III.
'
Ownership—The
achieved.
was
lowing report
1679
monthly
tember
statement
for
Sep¬
by Budget Director Her¬
To
the
First
Boston
Corp.,
at
152.40:
$50,000
Cumberland, Md., 414%
Due April 1, 1971. In¬
Included in these
penditures
terest J-J.
bert Fallin.
is
ex¬
$12,801,856.38 for
debt service and pension fund, the
balance of $29,908,501.14 repre¬
senting the total expended for
bonds.
operating purposes,
terest A-O.
the
or
70.71%
of
operating appropriations. This
1680
THE COMMERCIAL & FINANCIAL CHRONICLE
with
compares
67.32%
for
and
1942
and 69.50% for 1941.
Revenue
interest.
issued
collections
during the
nine months of this year totaled
$53,218,071.84, as compared with
$51,201,532.27 collected during the
same period in 1942 and $50,326,-
Storm
2
to
noon
Commission
in
thereto.
time
the
pay
ma¬
interest.
Issue
Bonds—Of
the
$229,-
100 3% sewer and pavement bonds
by
the
State
Finance
Oct.
on
13, a total of
879,100 will be purchased by the
City Treasurer .■> for account
of
municipal trust and endowment
thereof
amendment
Lawson
same
Saginaw, Mich.
approved
addition
and
the
bonds and
To
ter 111 Massachusetts Acts of 1932
acts
Disk,
At
>
compel them to
tured
April 14,1944. Issued under Chap¬
in
Drain
Drain
Dist;
purchase at discount of a $10,000
temporary loan. Dated Oct. 26,
1943. Denomination $10,000.
Due
and
6
plaintiffs also filed
companion suits in the local court
against the several drain districts
(EWT), on Oct. 26, by the Board
of County Commissioners, for the
and
No.
several of the
(P. O. Worces¬
ter), Mass.
Temporary Loan—Sealed
bids
until
districts
Southfield
Sewer
Drain
Worcester County
received
following
Disk, Royal
Disk, Ha¬
zel Drain Disk, Bloomfield
Village
Drain
Disk, Bloomfield No.
1
Drain
Disk,
Bloomfield Village
No.
be
interest
and
Oak No. 3 Storm Drain
MASSACHUSETTS
will
the
involved:
are
823.98 in 1941.
,
by
Bonds
Payable
at the National Shawmut Bank of
funds and the remaining $150,000
Boston, and will be delivered on will be placed on the market, ac¬
or about Oct. 27, at said bank. The '
cording to the Director of Finance.
will
note
authenticated
be
Shawmut
National
of
Bank
to
as
genuineness and validity by
the
MINNESOTA
Hopkins, Minn.
Certificates
Sold—The
Seeking
of
New
Municipalities
garded
vate
well
as
of
added
fields
hitherto
local
finance
and
due
by
municipalities.
Distri¬
by private companies is
carried
tion
with
on
of
obvious
facilities
duplica¬
and
Second
high
bid
of
made by the
was
garbage col¬
as
cates
of
lection and disposal as also offer¬
for sale
ing
issue
possibilities.
revenue
Mr. Olsen further noted that his
group
would ask the Michigan
Legislature to permit cities to im¬
excise taxes and that
pose
ternative
to
cent
proposal
the
State
distributed
to
add
sales
cities
to
an
tax
and
al¬
one
to
be
smaller
municipalities had been discussed.
Suggesting that cities have not
taken full
advantage of their
op¬
portunities to engage in businesses
which
would
produce revenue,
Harold
Alderfer,
sultant of the
planning con¬
American Municipal
League, mentioned utilities such
as light and
power and transpor¬
tation as "suitable"
enterprises.
Without
new
sources
of,
reve¬
municipalities will be able
only patchwork and unsatisfactory post-war programs, it
nue,
of
faith
are
said
have
and
credit
of
The
bonds
at its
district
will
printed and
own
expense
soon
practicable after the award and
the successful
bidder will be
Nye, Harris & Monta¬
Duluth, will be furnished.
Enclose
of the
certified
a
bonds
check for 2%
bid for.
The
of
indebtedness, scheduled
Nov. 1, as noted in our
Oct.
11—v.
certificates
follows:
$675,000
will
1956.
The
p.
mature
as
Dec. 1, 1953
1, 1954 to June
on
and June and Dec.
1,
158,
certificates
of
this
series maturing on Dec.
1, 1953 to
constitute a first and prior lien
for the year
1952, those maturing
June 1, 1955 and Dec.
to constitute
a
1, 1955
first and prior lien
and
charge upon 100% of the $1,5t)0,000 levy to be extended upon
Public
Power
District,
Bonds
&
man
Publicly
Main
sociates
are
investment
Offered—Ball-
of
Chicago and as¬
offering for public
$500,000 Northeastern
Nebraska
Division
3%
electric
bonds
revenue
3.25%,
occupational tax and cities in!
certificates to be redeemable at
collect a variety of
par on Dec. 1, 1946 and on
any
business taxes.
interest payment date thereafter.
Oakland County
(P.
Mich.
Special
Suits
five
O.
Assessment
Filed—It
is
mandamus
Pontiac),
Mandamus
reported
suits
that
recently by
holders of the county's special
as¬
sessment
the
Board of
bonds,
in
which
Supervisors, Drain Com¬
missioner Earl L. Clark and Treas¬
urer
named
Charles
A.
Sparks
defendants.
In
were
each
plaintiffs ask either that the
county pay from funds in sewer
or
from the general fund
of the
county
tional
assessment
or
spread
on
district to retire the
an
the
addi¬
sewer
unpaid bonds
known.
For
pay¬
thereof, if
purchaser
amount
the
highest price.
equal
private
by
shall
of
same
be
any
purchase
the
the
bonds
bid will be returned.
are
part of
an
authorization
$4,000,000 bonds. Of the author¬
there are $297,000 unis¬
Principal and semi-annual
sued.
interest
the Consumers Public Power Dis¬
trict,
payable
revenues
"The
of
solely
the
from
gross
utility known
Northeastern
Nebraska
vision" of the district.
and
penses
taxes,
and
In the
payments
to
as
Di¬
res¬
in
provide
lieu
of
adequate
The
bonds
binding
valid
are
obligations
Enclose
and
of
the
State
Treasurer.
St.
Louis
certified
a
for
$6,000, payable to the city.
Egg Harbor City, N. J.
Bond
Oct.
on
11
granted the above city
permission to retire $25,000 4%
refunding bonds.
Englewood, N. J.
Bond
.Sale—The
annual
1391—were
p.
&
of
1,
1949 to
of the
age
before
Bond Offering—Sealed bids will
be received until 2:30 p.m.
(EWT),
on
Nov.
rate
is
not
to
exceed
6,
payable
M-N. Denomination $1,000. Dated
Nov. 1, 1940.
Due on Nov. 1 as
and
1954, $30,000 in 1955, $40,000
in 1956 and 1957, $45,000 in 1958
and $55,000 in 1959.
Rate of in¬
terest
to
be
in
a
multiple of
Subsidy
Congress,
Billpass¬
bill
now
Appropriating
$300,000,000 as an annual Federal
subsidy to State educational sys¬
tems, the New Jersey Taxpayers
Association recently described the
measure
as
"the entering wedge
for
eventual Federal
control
of
the school systems of the States."
The
<
Association, in
declared
that
"it
is
statement,
a
ridiculous
to
take money from the war-drained
Federal Treasury to finance edu¬
cation in States, many of which
in
now
tion,"
best
and
New
Jersey
affected by
ether
financial
that
the
would
the
/reason
be
bill
of
adversely
"if
for
no
the
simple
that New
arithmetic
proposition
estimated share
$14,206,000
condi¬
interest
than
bonds
price of 100,199,
1.07%.
Due
Dated
Dec.
on
1
as
of
the
against ben¬
j ■
#'yv
.
"Under provisions of the
meas¬
ure," the Association said, "a tax
in
17
created by which
would, help to finance
school systems of 31 other.
States
the
States.
New
For
.
York
instance, taxpayers of
State
would
pay 'an
estimated
$42,000,000 and would
receive $17,036,000 as its share
of;
by R. W. Pressprich & Co. of New
the
$300,000,000 handout, while
York, of 100.079 for 1.10% bonds,
New Jersey would
get back only
followed by Boland, Saffin & Co.,
one-third of the near $15,000,000
offering 100.07 for 1.10s.
contribution of its taxpayers when
Fort Lee, N. J.
the
divvy out of this carnival
Bonds Purchased
In connec¬ grab-bag is apportioned."
best
bid
was
offer
an
—
tion
with
the
call for
tenders
on
Oct. 13, of Fort Lee Borough and
School District refunding bonds, it
The
Association's
pointed
tne
would
of
for
Peoples Trust Co.
Bergen County, fiscal agent for
said Borough and School District,
that
five
Borough
refunding
bonds were purchased at $965.50
per bond; five at $966.30 per bond;
at
$968.80
$967.20
per
bond;
six
at
bond, and eight School
per
District refunding bonds at $1,000
per
bond.
tance to the
as
was
revenue
well
as
picture of all
that of New Jer¬
the prediction
made
re¬
cently by Joseph L. McLaughlin,
Director
of
the
Motor
Fuel
Tax
statement
that
appropriated
annually
teachers'.■ salaries,
which
22%
salary increase,
characterized as "an
a
it
inflationary
step that
may
well
endanger the
whole national
wage-freeze, commodity-ceilinged program to pre¬
vent
a
runaway dollar and
lapsing
Test
Jersey (State of)
Fost-War Gas Tax Revenue May
Show Decline—Of serious impor¬
sey
be
school
homefront
Newark
New
States
out
$200,000,000 of
$300,000,000 subsidy measure
is stated by the
five
Mayor
col-'
a
economy."
Tlans
Legality
New York Income
Levy—
Newark "Evening News" of
on
The
Oct. 20 reported
proposal to lift
as
follows
the
the
on
New
York
State income tax from bona
fide
residents of New
Jersey who earn
their livelihood in the
neighbor
State:
Mayor
candidate for
clared
gasoline
its'
tax' would
remain
pre-war';level
peace
returns
taxed
when
uhles'$. gasoline is
at
more.; thhn
f the
State's
present three 'cents 'per gallon.
Expressing his views at the
opening of State budget hearings,
believed
supply of gasoline still would
be limited
of
after the
continuing heavy
petroleum products.
war
because
demand
for
to keep the amount of taxed fuel
far below pre-war levels, he pre¬
lk efficient
automobiles,
courts
more
together.
Murphy, Democratic
Governor, today de¬
he would
challenge in the
constitutionality of the
New
York state income tax
New Jersey residents
working
that
state, unless it
were
on
in
repealed.
To initiate the movement
Mur¬
appealed to commuters to
write or telegraph
phy
Governor
Dewey asking him to place before
the
New York
Legislature the
question of exempting New Jer¬
sey
Another factor which will tend
dicted, will be lighter and
»
about
record.
on
efits of $5,984,000."'
1952 inclusive.
Second
below
Camden, N. J.
Jersey's
be
Thomas-Hill
sey's
NEW JERSEY
ef¬
Philadelphia, pool would be
of
about
1940.
eral^ Educational
cost is
Oct. 19—v. 158,
awarded to M. M.
a
would
Expressing its opposition to
on
Co.
tax
semi^
$50,000
in
estimated
Taxpayers' Group Opposes Fed¬
Jersey's
refunding series D
offered for sale
fuel
$26,500,000, highest
Sanctioned—
Funding Commission
war
same as for 1943.
The net return last year was
$20,159,000 and in 1941 the yield was
are
Retirement
The State
remain
use
McLaughlin
ment, that income from New Jer¬
County Indep. Sch. Dist. follows:
$10,000 in 1950, $15,000
Gilbert), Minn.
in 1951 and 1952, $25,000 in 1953
$84,000 fund¬
legally
city.
check
Mr.
Division of the State Tax Depart¬
reserves.
No. 18 (P. O.
Bond Offerings—Sealed bids will
be received until 8
p. m. on Nov.
4, by John Ocepak, District
Clerk,
for the purchase of
with
the
Mr. McLaughlin said he
with
re¬
success¬
Hawkins, Delafield
Longfellow of New York, that
&
the
the
number
of
such
the opinion of
tificate
purpose
may, at
be furnished
pro¬
$12,000,000, the
re¬
from
in
automobile
motor
deposit accompanying his
basis
1956, iy2%; Jan. 1,
1959, 1%; Jan. 1, 1962, %%. These
and
the
of
taxable
ful bidder will
If
In
election, be relieved of his ob¬
ligations under the contract to
case
construction
being projected.
country is still at
next year and present restrictions
on
type and char¬
law, the successful bidder
a
bonds
holders
highway
fect,
by
the
Federal income tax
Dec.
1,
post¬
war
grams now
on
date
of the bonds the income
ceived
necessity
the net income from New
the event that prior to the deliv¬
ery
and
ization
the
to
virtual
a
in many instances to
provide rev-,
enue for the State's share of
an
the interest
to
accrued
1.10s, paying
of
The
pay
payment of the purchase price.
Freeman
Jan.
also
must
bonds
ac¬
least amount, then
offering to pay
17, by Clay W. Reesman,
ceiving' such notice, the holder City Clerk, for. the purchase of
or
holders thereof
may register $300,000 coupon or registered re¬
his or her
Interest
name, address and cer¬ funding series D bonds.
the
case
the
accounts
able and to the holder
are
the
as
Thirty days notice of call for the
redemption
shall
be
given
by
mailing notice to each agency at
which these certificates
bidder
and accrued interest,
plus the following premiums: To
the tax rolls for the
year 1953,
those maturing on June
Washington
same
the
therefor
tice prior to any interest
payment
par
might become
amount
bidders offer to
more
date, at
2%;
least
his
Neb.
olution
authorizing these bonds,
and
the District obligates itself to es¬
j
1, 1956
tablish, maintain, and collect rates
to constitute a first and
prior lien
was
declared by Walter S. Blu-,
or
charges for electrical energy
and charge
upon 50% of the $1,cher, director of the American'
and other services supplied, which
500,000 levy to be extended upon
Association of Planning Officials,
j the tax rolls for the year 1954, re¬ shall be fair and non-discrimina¬
As to possible new
tory and adequate to pay princi¬
revenues, he
spectively, to the extent neces¬
pointed out that New York City
pal and interest on these bonds,
sary for the payment of the
prin¬
has a sales tax;
Philadelphia has ' cipal
operating and maintenance ex¬
thereof, respectively, said
an
to afford
or
terms
NEBRASKA
Consumers
bid the
¥
and
being those first maturing, and if
acter
(J-J)
payable
at
the
and charge upon 50% of the
$1,American National Bank & Trust
500,000 levy to be extended upon
Co., Chicago, or at The Central
the tax rolls for the
year 1951,
National Bank, Columbus, Neb.
those maturing on June 1, 1954
Legal opinion of Wood, Hoff¬
and Dec.
1, 1954 to constitute a
man, King and Dawson, New York
first and prior lien and
charge
City, states that these bonds are
upon 100% of the $1,500,000 levy
valid and binding obligations of
to be extended
upon the tax rolls
on
amount
bonds of the
including Jan. 1, 1947, 3%;
Jan. 1, 1950, 2V2%; Jan.
1, 1953,
1482.
on
sale
the
v
revision of State gasoline tax rates
other
revenue
adjustments
complying with the terms of
and offering to accept for
to
ready for delivery. The place of
delivery will be the First National
of Gillette,
der
cept the
tified by mail when they shall be
gue, of
all
the bonds will be sold to the bid¬
two
no¬
The approving opinion
for
same
of bonds, the bonds to be accepted
exe¬
as
the
the
pledged for the pay¬
principal and interest
bonds.
the
cuted
as
to
effort, he
asserted, adding that it would ap¬
pear possible for a single distri¬
bution system to make money for
a
city and save money for con¬ changed on the
$4,050,000 Rural
sumers.
He
suggested
housing Credit Deficiency Fund certifi¬
and such services
full
district
ment of the
to yield from 2%
according to maturity.
Dated Nov. 1, 1940. Coupon bonds
Mankaio, Minn.
in denomination of
$1,000;
Due
Bond Issuance Pending—Possi¬
Jan. 1, as follows:
$17,000, 1946;
bility that the $1,100,00 bond issue
$18,000 in 1947 and 1948; $19,000
approved by the voters in Decem¬ in 1949 and
1950; $20,000, 1951:
ber, 1941, for the purpose of fi¬
$21,000 in 1952 and 1953; $22,000,
nancing a new high school, may
1954;
$23,000,
1955;
$24,000 in
be floated in the near future was
1956
and
1957;
$25,000,
1958;
indicated at a recent meeting of
$26,000 in 1959 and 1960; $27,000,
the Board of Education, according
1961; $28,000, 1962; $29,000, 1963;
to Chief Clerk Loretta M.
Veigel.
$30,000,1964; $31,000, 1965; $32,000,
1966.
Callable on and after Jan.
Minnesota (State of)
1. 1944, as a whole at
any time,
Corrected
Offering Notice—It
in part by lot within
maturities,
is stated by Richard W.
Bassett,
approximately equal percentages
Conservator of Rural Credit, that
in each
maturity, on 30 days' no¬
the; maturity dates have been
kins.
municipalities, Herbert j
Olsen, secretary of the Michigan'
Municipal 'League, suggested that
milk distribution might be under¬
bution
sidewalk
Security National Bank of Hop¬
Declaring that the business of
supplying water in Michigan had
by common consent been turned
taken
inclusive,
certificates,
Dec. 1 from 1944 to 1948 in¬
100.005 for iy4s
speakers addressing the Michigan
City Planning Institute.
to
$1,680
on
clusive.
the
post-war expansion of municipal
services,
it
was
indicated
by
over
sewer
The
are
1942, and include:
certificates, due on
of
1%, and must be 'with the likelihood that post-war
of the bonds. gasoline will be better
fuel, en¬
Principal and interest payable in abling cars to run 40 to 50 miles
(lawful money at the First Camden on a gallon instead of the present
in 1946 to 1948, $15,000 in 1949 to National Bank & Trust
Co., Cam¬ 15 miles. -.'A- /V
1952, and $6,000 in 1953. Rate of den, or at the Guaranty Trust Co.,
While this comment was con¬
interest to be in multiples of V\ New York.
No proposal will be cerned with the New
Jersey reve¬
of 1%, and must be the same for considered which
specifies a rate nue situation, continued limitation
all of the bonds.
Principal and higher than the lowest rate stated of the gasoline supply after the
interest payable at such bank or- in any legally acceptable
propo¬ war and other factors tending to
fiscal institution in the State of sal,
Each proposal must state the decrease tax revenues would have
Minnesota asA shall be designated amount bid for the
bonds, which obvious repercussions of vast sig¬
by the successful bidder or in the shall be not less than $300,000 nor nificance that have not
heretofore
event of failure to so designate more than
$301,000. As between been indicated as receiving
the place of payment, then at the legally acceptable proposals
speci¬ consideration in the planning of
First National Bank of Gilbert.
fying the same rate of interest, the States in general.
Upward
Dec. 1 from 1944 to 1953
as
to
1,
re¬
seeking new
taxes,
to
raise
revenue
Dec.
$17,710
the sole province of pri¬
as
firms,
kinds
dated
atempt to in¬
may
business
vade
price of 100.03. The certificates
Revenue
for Local Units—
one-tenth
or
2%, payable J-D. Denom¬
ination $1,000. Dated Dec. 1, 1943.
Due on Dec. 1 as follows: $6,000
purchaser.
$19,390
Best, Coolidge & Rugg, of Boston.
certificates of indebtedness offered
Telephone bids will be accepted.
Oct.
19—v.
158, p.
1582—were
awarded to Piper, Jaffray & HopMICHIGAN
wood of Minneapolis, as Was, at a
Michigan (State of)
Sources Urged
Interest rate is not to
exceed
Bank of Gilbert, or any other bank
in
the State designated
by the
Bos¬
ton under advice of Ropes, Gray,
ing bonds.
Monday, October 25, 1943
residents
of
seven
years'
standing.
Murphy's
action
followed
by
one day a letter
from Dewey in¬
forming him that only by impo¬
sition
,
of
an
income
tax
in
this
i
Volume
state
the New Jersey
could
dents be
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4223
158
resi¬
exempted in New York.
While Walter E.
Edge, Republican
nominee, charged Murphy wanted
an
income
levy
here,
Murphy
said he was opposed to such a
plan.
Murphy also has exchanged cor¬
respondence with Acting Mayor
Samuel of Philadelphia in an ap¬
peal to have New Jersey residents
working in that city exempted
from its income levy.
Last week
Samuel called to Murphy's atten¬
tion the fact that the United States
Supreme Court refused to review
appeal from the Philadelphia
an
city tax by
New Jersey resident.
a
North Brunswick Twp. (P.
until 8 p.m.
received
1, by Juan D. Sanchez,
Township Treasurer, for the pur¬
chase of $35,000 coupon or
tered
terest
is
rate
not
6%,
exceed
to
Denomination $1,-
M-N.
payable
regis¬
assessment bonds. In¬
sewer
Dated Nov. 1,
000.
Nov.
1
1943. Due on
follows: $4,000 in 1945
as
ad
unlimited
from
able
valorem
No
taxes.
proposal will be con¬
sidered for^bonds at a rate higher
the
than
lowest
rate
at
which
a
legally acceptable proposal is re¬
ceived.
of interest to be in
Rate
multiples of lk
and
the bonds.
the
at
1 -10th of
or
the
be
must
same
for
1%,
As between proposals
lowest
same
interest
rate
the bonds will be sold to the bid¬
der
or
$400,000
of
tax
paper
"Attorneys
West Orange, N.
"
institutions
Bond
Sale—The $85,000 semi¬
refunding, Series E bonds
offered for sale on Oct. 19—v. 158,
p.
1483—were awarded to Gra¬
annual
ham,
Parsons & Co.* and H. L.
Co., both of New York, as
paying a price of 100.20, a
Allen &
V/2S,
basis of about 1.485%. Dated Feb.
1,
1940.
to
Due on Aug.
in
1963 inclusive.
Other
bids
1
1954
(all' for l3/4s),
were
follows:
as
B. J.
Van Ingen
_.101.40
Co.,
For
$84,000
__101.33
R. W. Pressprich & Co., and
Braun, Bosworth & Co.,
jointly,
For $84,000
Halsey, Stuart & Co.,
For $85,000
„101.219
101.026
YORK
O f f i
Probes Fiscal Affairs—It
dered
by Frank
Comptroller,
aminers of
was
c e
or¬
C.
Moore, State
Oct. 16, that ex¬
on
audit
the
amine
and
fiscal
control
affairs
bid¬
ders
offering to pay therefor the
highest additional price, which
price shall not exceed by more
than $1,000 the par value of the
bonds
hereby offered' for sale.
Proposals are desired on forms
which
shall
furnished
be
by the
to
the
Township.
In
addition
price bid the purchaser must
pay
acbrued interest at the rate borne
date
the
of
payment
bonds the income received by
vate holders from bonds of
pri¬
ex¬
the
"I have
the
of
ers
and
today ordered examin¬
Department
Control
counts
to
fiscal
and
of Audit
examine
his
at
election, be relieved of his
obligations under the contract to
purchase the bonds and in such
case the deposit accompanying his
bid
will
be
The
returned.
pur¬
chaser will be furnished with the
opinion of Caldwell, Marshall &
Trimble, of New York. Enclose a
certified
bonds
check
offered,
for
2%
of
the
payable
to
the
Township Treasurer.
$25,000 coupon
municipal building
registered
or
bonds offered for sale
v.
on
Oct. 19—
Aug. 24, 1943, the City of
Albany formally applied for per¬
certain
indebt¬
of the city maturing next
Early in September, for the
purpose of determining the merits
edness
year.
of
the
application, I asked the
Mayor and Comptroller of the
City of Albany for additional fis¬
it
amined by
my
was
re¬
thoroughly
ex¬
office. The study
disclosed the need for further fis¬
information
cal
from the
City of
Albany.
,
tc
Comptroller and asked
explain the city's fiscal
As
tices.
a
tion
I assigned
staff
Audit
of
and
prac¬
result of his
the
explana¬
two examiners of
the
Department
Control
personally
of
to
of the city accounts,
which they did on Sept. 27.
"As a result of their findings,
I called the Mayor and the Comp¬
troller of the City of Albany to
my office on Oct. 6 for an expla¬
inspect
some
"The
examination
commenced
today is being made to determine
the disposition of the funds di¬
verted, to eliminate illegal fiscal
practices, and to insure to the tax¬
1.30s, paying a price of
payers of Albany a sound and le¬
100.128, a basis of about 1.28%.
gal fiscal program."V,
Dated Nov. 1, 1943. Due Nov. 1 as
District Attorney., .John T. Defollows: $2,000 in 1944 to 1954, and
laney of Albany. County has is¬
$3,000 in 1955.
sued a subpoena for the personal
Other bids were as follows:
appearance of State Comptroller
Bidder—
Int. Rate
Prem.
Frank C: Moore to testify con¬
B. J. Van Ingen & Co.. Inc.
1V2 %
$29.00
Julius A. Rippel, Inc.,—iVa %
25.00 cerning his charges.
The
J. S. Rippel & Co.———;
1%%
68.00
Comptroller will be re¬
H.-L. Allen & CO.——
1V/V
68.00
quired to appear before the Al¬
Boland, Saffin & Co.——
1%%
25.00
bany County grand jury on Tues¬
West New York, N. J.
day.
Bond Refunding Pending—At a
Mayor Corning in a statement
M. M. Freeman & Co. of Philadel¬
as
.
.
meeting
of
Commission
the. State
held
on
Funding to
Oct.
11,
a
proposed refunding of a portion of
the
troller
has
been
The town proposes to is¬
and
has
$1,000,000
of new refunding period
exists, the Comp¬
of the State of New York
town's indebtedness was dis¬
cussed.
sue
the press said that: "If this so-
called shortage
delinquent in his duty
delinquent for a
of six months, or more,
been
period
is
about
ready
in
which
and
produced
than
more
the
many
Franchise taxes
close.
ran
introduced
was
to
City of Yonkers
The
bills
not
authorize
to
do
the
lature
Governor
with
the
satisfied
is
At the
the
very
a
vetoed
comment:
that
this
at
this
necessary
session of the
same
T
legis¬
time.'
Legis¬
similar bill was in¬
by the City of Rochester
very
troduced
borrow
$4,150,000, which bill
by the Governor.
signed
was
similar bill
a
thing in the amount of $1,-
500,000.
to
Legislature.
time
same
"Under
date
of
April 14,
1943,
plained in full detail what Albany
City had done, how it had used
funds
cover
and
up any
hide
nor
people
neither
from
attempted
below the Governor's budget esti¬
of the operations,
him
anything
from
or
the
city
our
had
Recent
$14,281,000
Bond
Issue
Co., New
who recently
headed
a
group of 24 investment firms of¬
fering
took
we
use
of
existing funds of the city would
save Albany from
$8,000 to $10,in
interest
a
year
and
carry
until certain incomes of which
us
we
assured
were
hands
time
and
which
all
cover
were
in
our
would
in
due
deficits.
All
these
things that the city has done are
matters of legislative and execu¬
tive
record
in
the
State
and
are
known to the financial and bank¬
ing interest of the country. There
is now nothing to conceal, and
in the past there has been
to
Tells
State
"Shortage"
ciated
bany
as
nothing
conceal."
No
Press
Comptroller
Exists—An
dispatch
Asso¬
from
Al¬
Oct. 19 reported in part
on
follows:
Mayor
Erastus
Corning
ad¬
today what
be termed a "deficit," rather than
a
"shortage," of $1,664,328 in Al¬
and
defended
bany's
capital fund as the Re¬
publican
State
administration
pressed
city's
finan¬
cial affairs.
Corning gave
two
hours
of
testimony
before
State
Comptroller Frank C. Moore after
refusing to waive immunity.
The Mayor declined to concede
sworn
is
a
what
he
termed
a
"deficit"
"shortage in the commonly
meaning of that word"
accepted
or
that
name
for
New
The
an¬
by the Port of New York Auth¬
ority of its September, 1943, in¬
statement
after
interest
$736,785,
showing
month
same
a
funded
on
last
of
over
The
year.
balance for September, 1943, was
the largest for any one month
since October, 1941.
Plans $1,000,000 Budget Reduc¬
1944 city budget appro¬
tion—A
priating nearly
than
sented
for
the
million
a
this
City
year
dollars
was
Council
pre¬
Oct.
on
15 by City Manager
Cartwright.
Highlights of the new budget are:
tentative
diversion
of
the
funds
the
tax
rate
of bonds of each rate.
will
the
lowest
of
$30.38
Emergency
salary
raises
for
city employees, including police
firemen, school teachers and
full-time hourly workers.
the
>
of
the
Board
of
bidder
interest
cost
to
the
bonds
until
maturities.
their
No
respec¬
bid
of
less
than par and accrued interest will
be entertained.
Bids must
furnished
mation
ied
be
and
by
on
with
a
to be
form
additional
be
must
infor¬
accompan¬
certified check upon an
incorporated bank or trust com¬
a
payable unconditionally to
pany,
the
of
order
the
State
Treasurer
Carolina, for $700.
The
approving
opinion
of
Masslich
and Mitchell, New York City, will
be furnished the
In
appropriation
$1,500,000
Education
the
purchaser.
that
event
prior to the
delivery of the bonds the income
received
by private holders from
bonds of the
type and char¬
same
acter shall be taxable
by the terms
income tax law,
Federal
any
succesful
bidder
may, at his
election, be relieved of his obliga¬
tions
under
the
contract
to
pur¬
chase the bonds and in such
case
the deposit accompanying his bid
will be returned.
:;
to
Raleigh, N. C.
$800,000.
The
the
gate amount of interest upon all
tive
the
from
The bonds
to
the premium bid from the
aggre¬
1943 tax rate.
in
awarded
town, such cost to be determined
by deducting the total amount of
$1,000, which is 4 cents under
welfare
be
offering to purchase the bonds at
the
Reduction
bal¬
ance, but no bid may name more
than two rates, and each bidder
must specify in his bid the amount
of
for
of
part
of North
Rochester, N. Y.
all
rate
one
bonds (having the earliest maturi¬
balance
debt
increase of 22%
an
,
name
rates, not ex¬
ceeding 6% per annum in mul¬
tiples of *4 of 1%. Each bid may
Bond Offering—Sealed bids will
seeks
be received until 11 a.m. (EWT),
$7,865,355, compared to this year's
on
Oct. 26, by W. E. Easterling,
figure of $7,807,661.
The budget, total appropriations Secretary of the Local Govern¬
ment Commission, at his office in
of
which
are
$25,736,611, com¬
Raleigh, for the purchase of the
pared with a total of $26,677,084
for this year, is based on a tenta¬ following coupon bonds aggregat¬
tive assessed, valuation of $538,- ing $125,000:
Due
228,255, which is more than $8,- $100,000 refunding bonds.
$50,000 on Nov. 1 in 1963 and
000,000 above this year's total of
$530,049,532.
The tentative tax
levy is slightly higher than for
1943, being fixed by the manager
at
$16,300,558,
as
against
this
year's tax levy of $16,075,942. Mis¬
cellaneous
revenues
mated by the manager
in his 1944
budget at $10,170,053, as
$11,478,592 for this year.
reimbursement
esti¬
were
against
Lesser
for
Denomination
$1,000.
Dated
1943. Interest rate is not
to exceed 6%, payable M-N.
A
separate bid for each issue (not
less
than par and accrued inter¬
est). is required.
Rate or rates of
640,000,
crease
for
either
be
in
multiples of V4
Each bid may name
part
issue
maturities)
of
the
bonds
one
of
(having the earliest
and
another
rate
for
than
issue, and each bidder must spe¬
cify in his bid the amount of
for next
year
against
debt service
of
$46,832.
decrease
a
1%.
the balance, but no bid may name
more
than two rates for either
more
the 1943
of
interest to
appropriation, being $6,$6,540,000.
The
$100,000
item
Due $5,000 from
1946 to 1950 inclusive.
Nov. 1,
rate
budget for current expenses, fixed
charges
and
capital
outlay
is
-
and equip¬
ment bonds.
of
school
improvement
Nov. 1,
relief, WPA
and other State aid was given by
Cartwright as the reason for this
The total amount of the
,v.
1964.
25,000
expected decrease.
investigation of this De¬
mocratic-controlled
that
of
t
nouncement followed the issuance
and
'
requested to
or
per
doing these things
into consideration that the
000
Port
bonds have all been sold and the
done.
"In
$14,281,000
syndicate books closed.
A
are
the interest rate
ties), and another rate for the
Port of New York Authority, N. Y.
less
auction.
no
Bidders
taxes, which fell about $20,000,000
letter to Howard P.
a
wil be
„
mate.
the
(M and N
1), payable in New York City in
legal tender; general obligations;
delivery on or about Nov. 12, at
place of purchaser's choice. There
an¬
of estimates that
they have more
than offset the decline in income
come
$1,000;
principal and interest
unlimited tax;.coupon bonds registerable as to principal alone;
far ahead
so
Denomination
payment.
tracks,
millions
race
the Governor had
ticipated, about to
inclusive, and $3,000 1958 to I960,'
inclusive, without option of prior
al¬
over,
however, with most collections
York Authority general and re¬
funding 2%% bonds due Sept. 1,
1973, announced Oct. 21 that the
"At the
mitted
State
ahead of
$8,000,000
expenditures, the heavy
both Houses of the
Mayor
was
about
York,
cal information.
"When this information
year
All Sold—C. J. Devine &
to
"On
to refund
this
$1,400,000 to provide funds to
remaining portion of the
accumulated operating deficits of
the city.
This bill was passed by
the
violation of the provisions of the
General Municipal Law.
mission
running
far
so
meet the
of
affairs
158, p. 1583—were awarded to
phia,
authorize the City of Al¬
bany to issue bonds to the amount
its
shortage. The Mayor
of the City of Albany admitted
this shortage.
Orange, N. J.
would
ac¬
nation of the
Bond Sale—The
early days of the legis¬
1943," said Mayor
Corning, "a bill was introduced
by Senator Julian B. Erway which
the
"The City Comptroller, there¬
fore, was called to the office of
may,
"In the
lows:
the
acted, the successful bidder
municipal bonds had
legal features of
bond issues, had ex¬
Jones, Deputy State Comptroller
under Mr. Moore, in which I ex¬
eral income tax law hereafter
en¬
spe¬
I addressed
type and character shall be
taxable by the terms of any Fed¬
same
and
lative session of
the
of
city.
The
Comptroller's
complete statement reads as fol¬
of ceived,
the purchase price.
In the event
that prior to the, delivery of the
banks
above
by the bonds from the date of the
bonds to
financial
of the
city and had given both their full
approval.
lation
Comptroller's
and
revenues
revenue
coun¬
the
proposed
am
Albany, N. Y.
State
these
31, 1944.
Tax
are
amined the financial setup
both
NEW
in
examined
same
City of Albany.
of
"This action was taken as a re¬
$35,000 and accrued interest, and sult of the recent discovery of a
to
accept
therefor
the
least shortage of $1,664,328.86 in the
amount of bonds, the bonds to be
capital funds of the City of Al¬
accepted being those first matur¬ bany.
These
moneys,
raised
ing, and if two or more bidders through
bond
issues
by the
offer to
accept the same least city for specific purposes, were
amount of bonds at the same low¬
illegally diverted to other uses in
or
cialists
of
the same time he estimated that
the State would be
$60,600,000 to
the good on March
of
& Co., Inc.,
For $84,000
M. M. Freeman &
bidders offering to pay not
est rate of interest then said bonds
lature and known to financial and
;•
less than the principal amount
will be sold to the bidder
han¬
banking institutions of the
try.
of
all
of
in existence.
Milltown.
general
obligations of the Township, pay¬
method
some
of said bonds will be
All
its
now
;v"V •;
Principal, and interest payable at
the First National Bank,
knowledge of the city's
and
and
1949, and $3,000 in 1950 to 1954.
to
finances
dling its finances were in his
hands, in the hands of the Legis¬
(EWT),
Nov.
on
when full
proceeds of the sale
will be used to take up $600,000
of callable bonds now outstanding
The
ment.
O. NeuJ
Brunswick, R.F.D. No. 14), N. J.
Bond Offering—Sealed bids will
be
bonds which will be sold at pub¬
lic
sale
after
public advertise¬
1681
in
shows
a
de¬
The Board faces
revenue
for
next
bonds of each rate.
Principal and
interest payable in lawful money
in
New
York.
General obliga¬
the
capital fund to other year of $195,000, in the form of tions; unlimited tax; registerable
State aid.
as
to principal only; delivery at
municipal uses was illegal.
Earlier, the State temporarily Suffolk
place of .purchaser's choice.
The
County (P. O. Riverhead),
bonds will be awarded to the bid¬
blocked, by court order, an Al¬
N. Y.
der offering to purchase the bonds
bany county grand jury inquiry
Plans Bond Issue—Ellis T. Ter¬
into expenditures' since 1934 by
at the lowest interest cost to the
ry, County Treasurer, reports that
committees
of
the
Republicancity, such cost to be determined
an
issue
of
$200,000 refunding by
controlled Legislature.
deducting the total amount of
.•;
v' v
bonds will be offered as soon as
;
>v"
•' '
the premium bid from the aggre¬
New York (State of)
permission is received from the
gate amount of interest upon all
Revenue Trend Indicates $75,- State
Comptroller to negotiated of the bonds until their respective
from
•
000,000 Surplus
—
If the present
the loan.
;
.t ;
/
trend of tax collections
continues,
E. Dewey will
be able to report a surplus of be¬
tween $75,000,000 and $80,000,000
to the
1944 Legislature, it was
reported from Albany on Oct. 14.
Governor
When
NORTH
Thomas
the
Governor
submitted
his first budget last February he
estimated the State would have a
CAROLINA
received
until
11
a.m.
all
the
Conover, N. C.
Bond Offering—Sealed bids will
be
maturities.
(EWT)
Oct.
of
tained.
the
No
bid
bonds
for less
will
be
than
enter¬
In the event that prior to
delivery of the bonds the in¬
received by private holders
come
from bonds of the
same
type and
character shall be taxable
26, by W. E. Easterling,
Secretary of the Local Govern¬
terms of any
ment
law,
in
at his
on
Commission, at his office
Raleigh, for the purchase of
surplus on March 31, the end of $35,000 refunding water and sewer
the 1942-43 fiscal year, of $41,000,- bonds. Dated Nov. 1, 1943.
Due
000 but the surplus turned out to on Nov.
1
as
follows: $1,000 in
be approximately $68,000,000, at 1944 and 1945, $2,000 1946 to
1957,
by thb
Federal income tax
the successful bidder may,
election, be relieved of his
obligations under the contract to'
purchase the bonds, and in such
case
the deposit accompanying his
bid will be returned. The approv-
1682
ving
THE COMMERCIAL 8c FINANCIAL CHRONICLE
opinion
"Washburn
of
of
Reed,
New
Hoyt
&
will
be
York
furnished the purchaser.
Enclose
a
certified check for $2,500, pay¬
be received until
NORTH
$50,000 city's portion street open¬
ing bonds. Due $5,000 from
Dec. 1, 1945 to 1954, incl.
Wahpeton),
D.
Bond Offering—Sealed bids will
be received until
10
for
2%; of
bid
is
715,000 general
on
is not to exceed 4%, payable J-D.
Bids may be made for a fractional
City Council is
bank
has
terms
served
which
of
the
had been refunded under the pro¬
thority of law and ordinance, and
are
payable from limited taxes;
both principal and interest being
payable at the Irving Trust Co. in
New York City.
gram and that
refunding is com¬
the 149 eligible
»improvement districts. The audi¬
109
has
tor
of
been
designated by the
Council as fiscal agent to endeavor
to complete refunding of the war¬
A
certified
bidding for
one
Termination
made
was
of
the
the
at
agreement
of
request
of
the
North
Dakota
Tax
the
bid
payable to the order of the
of the City of Cleve¬
land," must accompany each bid.
(State of)
Revenue
at
No bid will be entertained
New
Dakota's
nished
on
rector
of
population has been
re¬
nearly 20%
through selec¬
tive
service
and
migration
of
workers to war industry centers,
the yield from the State's 2% sales
tax is soaring to a new
ders
the
form
blank
a
fur¬
Finance.
may
bid
issues
on
and
or
of
bid made
any one or more
others.
the
Rate—It
is
stated
by
and
apart
from
Split-rate of interest shall
Village Clerk that the $3,000
purchase bonds sold to
real estate
Charles
N.
Sutton
of Attica, as
158, p. 1584—were
l^s, payable A-O.
in
bank
Cleveland
designated by
the purchaser or at a bank agreed
upon by the purchaser and Direc¬
of Finance.
tor
A
full
transcript
will be fur¬
noted here—v.
of
awarded
nished to the successful bidder. At
as
Due $500 on Oct. 1 in 1945 to 1950
inclusive.
the
the request of the owner, coupon
bonds
may
be
exchanged
for
bonds
Butler
Township Rural Sch. Dist.
(P. O, Vand alia), Ohio
Bond
Offering—Sealed bids will
be received until
(today),
Oct. 25
noon on
nomination $1,000.
Dated Oct. 15,
1943.
Interest payable A-O. Due
$2,000 on April 1 and $3,000 Oct.
1,
1945
to
1949,
and
$3,000
April and Oct. 1, 1950 to 1959.
Bidders
may
rate
interest
of
of 1%.
bid
for
in
paid from taxes to
side
of
all
be
may
multiples
Said bonds
tax
are
of
to
be
be levied out¬
limitations.
made
uj)On
all
or
Bids
any
number of bonds of this issue and
no
bid to be for less than
par
and accrued interest. The
approv¬
ing
opinion
of
Peck, Shaffer &
Cincinnati will be
Williams,
of
furnished
the
close
purchaser.
certified check for
a
Bonds
recently
Bonds
were
23
Offered
by
Guy
W.
1943.
Due
Sealed
Stalter,
$500
on
on
bids
Oct.
Village
May
and
Nov. 1 in 1944 to
1956, and $1,000
on May and Nov.
1, 1957.
Inter¬
est
is
fire apparatus bonds,
Dated
March 1, 1943. Due $850 on March
clusive.
1944
Principal
(M-S),
payable
Treasurer's
to
1948
payable M-N.
in¬
and
interest
the
Village
at
office.
Market
ing
the past week,
according to
White and Co.,
Cincinnati,
The White yield for 20 Ohio bonds
this
week
The
bonds
is
1.39%
yield
is
1.38%
last
compared
week.
on
1.20%
as
10
and
depot
Kerr
the
contended
should
only
and
civil
and
to
the
cede
in
no
prop¬
for
bonds
bids will
1950
to
par
Oct.
eral
that
of
1965
where
Bidders
of interest,
maturity
high-grade
yield
10 lower-grade bonds is
1.57%.
on
in
the
be
ex¬
rate
a
of ap¬
refunding
maturity
redeemable, have
1975
or.
as
and
there-;
314%.-;Sev¬
refunding bonds of
maturity have been
a
result of the addi¬
are
still
of
:
Debt
available
in
by
$92,000,000
Secretary,
until
8
will
Card,
receive
(EWT)
for the purchase of $50,-
to
exceed
registerable
p.m.
6%
as
interest
to princi¬
pal "only, borough bonds. 'Dated
1, 1943. Denomination $1,000.
Nov.
1,
as
follows:
the
that
the
.
for
other
public
im¬
future.
near
it is pointed
decreases in
large
public debt of the past eight years*
the certainty of further de¬
and
"indicate
creases
funds
be
may
the
hope
available
that
out
of
current revenues,
for future phy¬
improvements, even though
sical
bonds may not be issued for pro¬
which are not self liquida¬
jects
ting."
phia
revenue
-
of Philadel¬
per capita including school
proceeds, is next to the low¬
of
est
v
-
"The total
the
14
largest cities of the
country, and the cost of govern¬
mental services is
corresponding-*
ly low," the report states.
"This is
particularly significant
large funded debt.".
in view of the
;
City
Budget
Cut
$3,035,411—
Philadelphia's proposed
county budget calls for
tures ; of $89,643,350.11,
$3,035,441.83 less than
appropriations
for
1944 cityexpendi¬
which
the
the
is
total,
current
The proposed budget figures,
transmitted to City Council by
Mayor Bernard Samuel on Oct. 14,
year.
are
based
rent
per
retention of the
on
real
estate tax
cur¬
rate of $1.70
$100 assessed valuation,
the 1%
and
wage tax. The school real
estate
levy of $.17*2
pected to remain the
also
is
ex¬
V %
; ;
are
asked next year
of $556,324.80 in. the estimates of
the Department of Public
Safety;
same.
Increases
$92,140.29, Department of Health;.
$470, Department of City Archi¬
tecture; $19,143.63, Fairmount
Park
Commissioners, and $73,174.20, Registration Commission, s
The
over-all
is
mates
reduction
in
esti¬
achieved
by total de-*
$2,006,134.50 in other
of
city departments, and of $1,771,330.25
in
other
county depart¬
•
Since
..
1932—The
has
City
Edward
-
Planning
drawn
Oct.
on
Hopkinson,
up
;
Jr.,
a
16 by
senior
partner of Drexel & Co., which
shows that the financial position
the
city
bolstered .by
has
ments.
re¬
Tax
Drop
greatly
a gradualreduction
in its net funded
debt; from the
high point reached in 1932, and
this favorable trend has been
ac¬
celerated by the balancing of the
/w,'
Assessments
The
—
Show
Slight
Philadelphia
"In¬
quirer" of Oct. 18 carried the foK
lowing report:
The
been
tion
;
,
,
estimated
assessed' valua¬
of property
subject to taxa¬
tion by
the.city next
smaller
than
the
year
total
is 2.58%
for
1943,
according to a statement issued by
the Bureau of Municipal Research
yesterday.
city's budgets since 1940.
^
;; ; '
;
As certified by the Board of Re¬
vision
of
Taxes, the estimated
By the end of the present year
the gross funded debt of the city
will have been decreased by over
$92,000,000 from its high point of
$568,800,000 in 1933, the report
states. ;iAt the same time the net
w
funded
debt
creased
81.88%, is the estimate for taxable
by
.
bids
in
this connection
out
creases
'/'•*"v'T-
Reduced
port, made public
Bond Offering—Samuel L.
Due Nov.
would
most series.
and accrued inter¬
Ambridge, Pa.
not
an¬
tional exchanges but bonds of 1965
to
at not
for 2%
series of
closed out
1946
PENNSYLVANIA
Nov. 8
there
extension
1975 and 1965
on Oct. 18—v.
158, p. 1484—were
purchased by Daugherty, Cole &
Co. of Portland, as 2 V2S, at a price
of
98.50, according to John T.
Chinnook, Assistant District Sec¬
retary. There was no other bid
011
following-
after bear interest at
Bond
Sale—The
$41,000
im¬ of
provement bonds offered for sale
000
5,
issues
self-supporting
In
now
;
orginal callable dates
City Park Water District
(P.O. Portland), Ore.
sealed
are
received
OREGON
Borough
1942
$174,000,000;,
be
A certified check
Rose
and
refunding
-
*
position of the city
years, the greatly
bond
ex¬
callable dates but bear
the former rates of interest
to, the
1,000 in
inclusive.
the rate
name
the
recent
provements
.v
bonds
extended
Oct. 25
Due
of
k
-
support
tax
reported
purchase of $5,000 water
bonds.
of
is
(today),
by Elmer Plunkett, Town Clerk,
the
of
further
which,
on
of
for redemption between 1944 and
1953 inclusive.
Such bonds may
be exchanged for new
Porum, Okla.
p.m.;
Brothers
-
-
reduced assessed valuation of tax¬
able
property may not
Phila¬
proximately $1,300,000 a day. The
exchange offer applies to certain
issues of the city's bonds optional
tax' purposes
Offering—It
8
of
managers
bonds have been at
the
January 1.
sealed
volume
change offer beyond Oct. 30, 1943,
exchanges
for
new
refunding
and
cede
back the jurisdiction.
He
pointed out that Oklahoma's next
date
1941
excess
nouncement
corpo¬
^
Co.
total
under
Since
rail¬
to
that
changed
plans of
process
back
&
financial
during
than
group
of investment firms
banks which is carrying out
stated
have
War
substantial
Drexel
the
Bonds
10 days
they would
.•
The report points out,
however,
that despite the improvement in
additional
refunding operation, in an¬
nouncing these figures on Oct. 21
jurisdiction, Governor
Kerr, declared, Congress should
legislation to require them to
that
be otherwise."
the
r
of
in
will
costs will be less than
make
York, account
and
the
tax
to
There
interest,' less reserve nec¬
essary to pay principal at mature
ity, and, less State tax on funded
re¬
check
$21,000,000
decrease.
be: less
debt.
Furthermore, because .of
refunding operations, the interest
remaining
exchange of
of Philadelphia
bonds for
refunding bonds with ex¬
New
pass
until
"Be¬
re¬
will
certified
a
delphia and Lehman
with
Secretaries
Bond
Than
weeks.
the
is
a sum¬
states.
ac¬
bonds,
and to date total more than
$91,000,000, of which amount approxi¬
mately $21,000,000 have been ex¬
changed
during
the > past
two
ex¬
where
erty located thereon.
coupon,
the
the
with
mar¬
A.
with
ac¬
process
assessment
bid
purchaser
Enclose
continue
reserva¬
rations, and franchises and
Continues
ket enjoyed renewed
activity and
continued strength of
prices dur¬
J.
lands
criminal
cannot
his
the
deposit
will be
tended callable dates, under the
refunding plan of 1942, exchanges
serve
State
the
case
The
which
new
re¬
right to
Navy
purchase
without charge
City
to
the
criminal
the
re¬
$1,000, payable to the borough.
in
partial
companies and other
If
successful
his election be
With less than
a
received.
Ohio (State of)
Municipal
the
military
on
reservations
road
to
in. such
More
partial jurisdiction over land, re¬
serving to the State the right to
on
Federal
any
the
Philadelphia, Pa.
juris¬
accept
over
Government
serve
1935,"
report
ing, the cost of debt service ..will
for
reservations;
stated
3%
in
Department,
may
Governor
same
continue to
law
tax
ough..
in
from
accept exclusive
or
the
of
by the terms of
Commission
by C; P. Bradbury, Village Clerk,
a
resolution was passed by
the Village Council last January,
calling for the issuance of $8,500
1
Kerr
the amount bid is required.
that
Sept.
S.
quoted
War
State reserved
est.
Strong—The Ohio municipal
noon
City
Kerr
quartermasters
civil
4% million dollars less than
now
of the
bonds
Exchanged in Two-Week Period—
Oklahoma
$9,000 issue of inciner¬ 'less than
a
Bonds Authorized—It
$1,000,
Clerk, for the purchase of $15,000
4% refunding bonds.
Dated May
1,
The
Middleport, Ohio
En¬
Ohio
—
received until
—
repair bonds.
and
in
works
Council is said to have approved
payable to the Board of Education.
Byesville,
Authorized
Robert
res¬
Congressman
Mike
Fifth District Demo¬
but
that
event
the opinion
of Burgwin, Scully & Churchill of
Pittsburgh that the bonds are valid
general obligations of.; the bor¬
to
the
the
the funded debt is decreas¬
ceive
made
was
show the United States is not
for
Columbus, Ohio
ator
of
,
mary
from
turned..
letter from Major-General Myron
C. Cramer, Judge Advocate-Gen¬
eral
Chairman.,
was
cause
made public in Oklahoma
as
In
companying
tax
to
City recently.
interest.
able to bearer.
different
a
crat,
registered
as
to principal
Coupon bonds also
may be registered as to principal
only, and thereafter be transfer¬
and
by
Ralph W. Demmitt,
District Clerk, for the purchase of
$85,000 3% building bonds.
De¬
%
proceedings
State
Oklahoma
Governor
Monroney,
S. Gates
in the peak year of
and
ception of Fort Sill and the Reno
not be made on any one issue, but
mately $160,000 more than for the
different interest rates may be bid
corresponding period last year, ac¬
for different issues. All bonds are
cording to an announcement Oct.
$1,000 denomination.
8 by the State Treasurer's office.
The proceedings relative to the
Sales tax receipts for the full
issuance of said bonds have been
year are expected to exceed $4,taken under supervision of Squire,
500,000, which would be an in¬
Sanders & Dempsey, whose ap¬
crease of nearly 5% over last
year.
proving opinion can be obtained
by the purchasers at their own
OHIO
expense. Delivery of bonds to be
made on or about Dec. 1, at any
Attica, Ohio
> Interest
ervations in
tions
is¬
separate
sues
lected during the first nine months
of
the
current
year,
approxi¬
on
the
naval and other Government
jurisdiction
the
accepted.
contract
to
Over
General Cramer pointed out that
the
Government
has
exclusive
Bid¬
more
Asked
quired.
Conditional
one
permit
letter
for less
lieved of his obligations under the
private utility property owned by
civilians
on
Federal
military,
by
bid
type and: character shall be tax¬
Lands—An appeal for Federal ac¬
a
No
holders
1
Jurisdiction
jurisdiction
application by the Di¬
be
bidder may at
of)
Government
State
to
sold
be
able
Oklahoma (State
tion
■
financial difficulties of depression
days is clearly portrayed in charts,
taxes)
prior to the delivery of the bonds
the income received
by private
OKLAHOMA
Federal
will
bonds
income
diction
City reserves
the right to accept or reject the
col¬
was
on
bids will not be considered.
high.
$3,219,791.51
made
>
bonds.
Cede
pacity;» for
than par and accrued interest or
"Annual expenditures for inter¬
for' less than all of the bonds will est and retirement of debt are
November the voters will pass on
the
issuance
of
$15,500
storm
sewer
inheritance
or
Internal Affairs.
is stated by
Village Clerk,
general election in
the
at
picture of the city's financial ca¬
the
tables which bring down to date
(to the "The Financial Analysis of the
highest responsible bidder subject City of Philadelphia" made in
to
approval of the
authorizing 1937 for the Advisory Financq.
proceedings by the Department of Commission of which Dr. Thomas
The
Wieland,
that
of
clear and accurate
a
future law of the Commonwealth.
Election—It
quired to
un¬
Ohio
Lake,
single
a
all
levied pursuant to any present or
the is¬
on
name
for
sion to obtain
.
succession
construction
the
on
Governor
for
"Treasurer
less
A total of
bonds
of
pass
to
interest
the Commis¬
made to enable
was
Interest
building • needed im¬
bonds, expressed in a multiple of provements and as a background
14 of 1%. The principal and in¬ for the Commission's future plan¬
terest are payable without deduc¬ ning work.
tion for any taxes
The struggle to work out of the
(except gift,
1
Bond
cent (1 %)
one per
amount
High—Despite the fact that North
duced
on
and
Bank of North Dakota.
Sales
drawn
solvent bank other than the
some
rants.
check
to
$240,000
Frances
fiscal
for the city in
in
asked
of
bonds.
interest, but such rate shall
be expressed in multiples of V4 of
1%. The highest bid based upon
agent the lowest interest cost to the city
refunding of $717,- will be accepted, such acceptance
special assessment warrants, to be approved by resolution of
according to press reports. J. B. the City Council.
Schmidt, city auditor, reported
These bonds will be issued by
that 94% of the eligible warrants
the City of Cleveland, under au¬
as
be
rate of
567 of
plete
will
inclusive.
Bidder
of
rate
Springfield Rural School District
suance
$5,000 in 1949 and from
1959
to
M-N.
bonds.
Dated Sept. 1, 1943. Due
$10,000 from Sept. 1, 1945 to 1969
inclusive.
Interest payable M-S.
Vermilion
Dated Dec. 1, 1943. Interest rate
said to have terminated its agree¬
ment with the Bank of North Da¬
under
sewer bonds. Due
$71,000 in 1945 to
1:
110,000 park land purchase bonds.
Due $11,000 from Dec. 1, 1945
<•..
to 1954, incl.
re¬
Refunding Agreement
kota,
Dec.
1949; $72,000 in 1950 to 1954,
Minot, N. D.
Terminated—The
by John M. Stritch, City Auditor,
that the
City Treasury Invest¬
ment Fund Board will purchase
$250,000 2 Vz % airport construction
all incl.
quired.
Warrant
1953
portion
"
certified
A
the
Bond Sale Pending—It is stated
paving
(P. O. Lakemore), Ohio
bonds. Due $15,000 from Dec.
Bond Election—At the general
1, 1945 to 1954, incl.
election in November the voters
a.m.
inclusive.
1954
check
city's
150,000
(CWT),
on : Oct.
30, by
Arthur Soule,
Township Clerk, at the Richland
County Auditor's office in Wah¬
peton for the purchase of $5,000
township bonds, maturing $500 on
April 1 as follows: 1943 and 1946
to
on
Hall, for the purchase of $1,025,000
coupon bonds, divided as follows:
DAKOTA
N.
(EST),
noon
1948 and
Springfield, Ohio
Nov. 10, by Jos. T. Sweeny, Direc¬
tor of Finance,
Room 128, City
able to the State Treasurer.
Ibsen Township (P. O.
Cleveland, Ohio
>
Bond Offering—Sealed bids will
Monday, October 25, 1943
will
have
almost
been
de¬
$100,000,000.
The report, entitled "The Finances
of the City of Philadelphia," was
prepared for the Commission by
the
Institute of Local and State
Government of the University of
$10,000 in Pennsylvania. The Institute's study
assessed valuation of
property do
be taxed in 1944 totals
$2,991,227.-'.
633.
,v;• '
•
:
Of
real
this
total, $2,449,276,341,
estate
$541,951,292,
mate
for
and
or
the
remainder,
18.12%, is the
personal
or
esti¬
property sub¬
ject to the 4-milI
city-county tax."
The total estimate for
next year'
is smaller than the
current year's
actual assessed valuation
by $79,-
Volume
Number
158
The
330,000.
is
estate
valuation of
330,000,
estimate
smaller
or
THE COMMERCIAL & FINANCIAL
4223
for
1943
is less
by exactly $50,000,000, or 8.45%.
If the actual assessment of tax¬
able real estate in
1944
turns
to be smaller than the 1943
out
assess¬
ment, and it will be smaller
less
the
estimate
$29,330,000,
real
un¬
bettered
will
it
estate
is
by
12th
the
be
assessment
show
to
a
decrease under the previous year's
in
assessment
that
the
time high in
ported.
13
its
all-
1931, the bureau
re¬
-
-
,
since
years
reached
assessment
once in the 12 years since
1931 has there been an increase—
County Indep. Cons. School
District No. 1 (P.O. Gary), S. D.
Bond
Sale—The
$6,000 semi¬
annual
school
sale
Oct.
$16,850 in 1942.
mere
Port
Bond
election
will
in
the
November
the
voters
the1 proposed
issu¬
ance
of $20,000 refunding bonds,
according to report.
pass
on
Swoyerville School District (P. O.
Swoyerville), Pa.
Bond Offering—Sealed bids will
for
158, p. 1484—
by
the Deuel
No
other
bid
received
was
for
the issue.
Bond Sale—It is stated by
J. W.
Woldt,.. District Clerk, that $20,000 refunding bonds were awarded
Oct. 11 to the Charles A. Fuller
Co. of Minneapolis, as 2s, paying
price of 100.625, a basis of about
1.84%.
Dated Oct. 1, 1943.
Due
a
Jan.
1 as follows:
$1,000 in
1950, and $5,000 in 1951
to 1953:
Bonds maturing on and
after Jan. 1, 1949, to be subject
to redemption and prepayment on
on
1946
to
Jan.
1,. 1948, and
on
interest
any
date
thereafter, at par, upon 30
days' pri.or notice.
Principal and
District Secretary, for the;- pur¬ interest (J-J) payable at the First
chase of $30,000 2, 2V4, 21/2, 2%, 3, National Bank, Minneapolis.
31/4, 31/2, 3%, 4, 41/4 or 41/2% cou¬
TENNESSEE
pon funding bonds. Interest pay¬
be received until 7:30 p.m.
Nov,
on
by John
9,
able M-N.
Nov.
Denom. $1,000.
1943.
1,
(EWT),
Olejnik,
M.
Due
Dated
$3,000
any
combining
city,
without deduction
for any tax
or
taxes, except succession
or
hereafter
any
taxes,
now
assessed
or
present
or
or
the District
thereon
under
future law of the
The
pay.
and agrees to
assumes
bonds
will
be
1966.
inher¬
Commonwealth, all of which taxes
sold
to
the
highest
responsible
bidder,
provided such bid is not less than
par and accrued interest.
Said bonds will be redeemed at
the price of 105%
amount
of the principal
thereof, together with all
interest accrued and unpaid there¬
to
on
Dec.
called
1,
1943.
part of
are
RHODE
/
Warwick, R. I.
City Will Retire Inherited Debt
—The
Providence
"Journal"
of
•
Oct. 15 carried the
J
With
I
anticpated,
Warwick
clear
will
when it
West
following item:
payment $3,500 iess than
a
the
was
debt
Payable at the Chemical Bank
& Trust
Co., New York,
divided in
Warwick
made
cash
;
and
invest¬
windfall
was
revealed following a conference
by Council President Thos. Casey
•
urer
G.
Conrad Anderson at City
(Hall.
'
f
$225,000 obligation still outstanding on its original $350,000 appor¬
tionment
of
Warwick
and
indebtedness
West
when
Warwick
be¬
separate municipalities, was
figured to be $10,041.
came
Yields
'
bank
deposits and inmunicipal bonds and
Savings notes credited
on
vestments in
.
U.
to
S. Tax
the
sinking fund have been
than anticipated, it was
announced, and hence the $10,041
balance will be not greater than
$6,500 by next July when the old
debt wilLbe wiped out.
The sum of $125,000 previously
was retired from the original in¬
debtedness
of $350,000,
through
greater
'
.
sinking fund in January, 1938.
January of this year the sink¬
ing fund
had again, grown
to
In
,$200,166.73. Since then a $10,000
appropriation has been applied
and another payment of $6,500 to•
■
gether with accrued credits will
safely retire the obligation, the
officials
declared.
one
the
at
money
June 1, 1939, heretofore issued to
finance part of the cost of the ac¬
of
should
be
accom¬
assignment
1,
blank.
maturing Dec. 1,
coupons
appurtenant
to
Interest
manner.
instru¬
in
the
bonds
in the usual
ceases
on
Dec.
1943.
(Gas
plant
are
payment
general
liability
being called for
Dec. 1, as noted in
also
on
these columns
Oct.
on
18—v.
158,
1585.)
p.
Constitutioin
and
Statutes
of
the
State, and constitute valid/ and
legally binding obligations of the
city, payable solely from revenues
to
derived from the operation
be
of
the
city's
municipal electric
plant and distribution sys¬
power
that
the
Power Board
Board
city
of
city,
the
of the
city and the
Administration
have
covenanted
revise
of
the
fix
to
collect such rates and
to
Electric
and
charges and
from time to time
same
whenever necessary for the facili¬
ties
of
the
municipal
electric
plant and distribution
power
will always provide reve¬
sufficient to pay principal
tem
as
of and interest
all
sys¬
bonds
suant to
said bonds and
on
heretofore
issued
pur¬
ordinance of the city,
an
numbered
1219, enacted and ap¬
proved June 21, 1939, in addition
to paying the necessary expenses
of operating and maintaining such
system and all other obligations
and
indebtedness
payable
from
such revenues, and that such rates
and charges shall not be reduced
so
to be insufficient to
as
for
revenues
said
provide
that
purposes;
a.m.
(CWT),
Oct.
28, by Mayor Thomas L.
Cummings, for the purchase of
$4,790,000 coupon electric power
refunding
revenue,
Series A
Interest rate is not to ex¬
2%,
$1,000.
payable J-D.
Denom.
Dated Nov.
1,1943. Due
on June 1 as follows:
$900,000 in
1955, $930,000 in 1956, $960,000 in
1957, $990,000 in 1958, and $1,010,000
in. 1959.
Redeemable
at
the
option of the city, after 30 days'
published notice, on any interest
payment date, in inverse numeri¬
cal order, at the
following per¬
centages of the principal amount
thereof
if redeemed
following times,
with
or
on
or
at
the
dates, together
accruecj interest ,1° the date
parity
equally, as to lien and
and security for payment
source
such
on
a
and in all
other respects, with all of the out¬
revenues,
standing Electric Power Revenue
bonds, Series A, dated June 1,
1939, issued pursuant to the ordi¬
enacted and approved June
nance
21, 1939, and
bonds hereafter
issued pursuant to said ordinance,
any
and that the holders of the bonds
offered
now
rights,
the
shall
powers
holders
have
all
the
and remedies which
would
entitled
be
to
1,
1946
Dec.
or
1,
Dec.
1,
100%%
any
in
the
sinking fund
$21,930,968.
The
taxpayers' report also sets
Revenue
June
bonds, Series A,
1939, for the refi¬
1,
nancing of which the bonds
now
offered
Said
to
are
be
issued.
opinion will further state that the
considered
than
and
par
all
tional.
said
on
bonds
is
offering to
plus accrued
bids
The
be
must
award
will be made
of
the
on
exempt
pay
less
interest,
uncondi¬
the
bonds
basis of the
lowest net interest cost to the city.
The interest cost on said bonds
over
the
life of the
bonds
and
deducting therefrom the pre¬
mium, if any, specified in the bid.
the
State Debt Cut $12,000,000
"The
bonded
of Tennessee
from $108,164,104.75 to
$96,035,The State's direct bonded
and that
during the preceding six
and
years
the
month,
1937
was
made
Act
ment
tive,
of
one
the
time
latest
30, 1943,
fiscal
opera¬
has
debt.
been
All
by the end of 1957.
bonded
for
duced from
$32,-
002,155.68.
in
the
about
has
duced by about
The
State
debt
and
since
has
no
the
been
thus
had
no
a
year.
floating
operating
deficits
director
one-page
of
the
of the
summary
significant
findings of the 12th
which introduces
taxpayers' report, is repro¬
annual
the
duced
survey,
in
part below:
"At the close of the fiscal year
on June 30,
1943, the financial po¬
sition
of
the
excellent
State
it
as
had
government,
been
at
the
close of the preceding fiscal
year,
found to have been further
was
strengthened
by
approximately
$14,000,0,90 during the year.
"The
general
fund
showed
a
surplus for the year of $2,631,950.39, bringing the total surplus
accumulated
in
1937, when
State director of the
a
that
June
time thereafter.
1,
interest to be in
a
Rate
on
thereafter
as
of
multiple of Yi
Nov. 15,
fund
since
"Tennessees' splendid State debt
retirement
ligated
pay
to
take
delivery
for the bonds
on
unless another date of
of
said
with deficits incurred in
years
which
prior
to
amounted
during the
July 1, 1937,
to
over
$24,-
State
of
"The
net increase resulting in
sinking fund at the end of the
the
$9,897,845.56, producing
an accumulated
sinking fund as of
June 30, 1943, of $21,930,968.60.
year
$97,329,-
was
reimbursement debt owed to
ties
coun¬
was
$31,615,534.56, making a
indebtedness
of
$128,945,-
total
361.95.
After
the
retirement
of
bonds
aggregating $10,890,000 on
July 1, 1.943, as well as those re¬
tired
during the preceding six
years, the State had a total debt,
shown above, of $96,035,155.68.
as
"Thus, during the six years end¬
ing on July 1, 1943, the State's
bonded debt had been reduced by
$44,986,206.27, less,
sued
during
> pew
the six
bonds is¬
$12,076,000, or a net reduction of $32,910,206.27.
This reduces the
amount required to pay interest
by
approximately
$1,500,000
a
years,
year.
"Under the
debt
retirement
be retired by the end of 1957.
Debt
"General fund
gain for the
revenues
year
made
a
new
taxes
of $2,285,938.41.
were
levied in 1943.
only tax increased was the
liquor tax, raised from 70 cents
to $1 per gallon.
Liquor, beer,
tobacco and excise taxes produced
most of the year's revenue in¬
crease
in this fund.
fund
increased
and
1937 debt retirement plan
all bonds issued since that
plan
was
in
the
expenditures
during the
by $1,339,902.87.
received
Government.
from
the
Federal
A number of eligi-
the
waiting lists to the public assist¬
were
enacted require deposits
sinking
fund aggregating
ranging from $10,748,1943 down to $5,002,115
amounts
844.19
in
in
1956.
that
six
The
State
revenues
pledged by statute to
are
sup¬
port these debt service payments
(principal and interest) produced
$23,345,596 in fiscal 1941, $25,322,347 in fiscal 1942 and $21,849,627
under
rationed
the
sale
of
gas¬
oline, tires and automobiles dur¬
ing the fiscal
30,
With
1943.
amounts
year
ended on June
substantial
the
deposited in the sinking
fund above statutory
requirements
during 1942 and the first half of
$1,179,404. About half of this sum
was
Retirement Act
"The
was
bles
bidder.
Tennessee
827.39, and the assumed highway
"The
agreed upon between the city and
successful
of
as of June 1, 1937.
At that time the direct debt of the
000,000.
and
delivery is
165
to
$5,489,-
date,
the successful bidder shall be ob¬
(Chapter
fully operative
six
to
fiscal
Of this in¬
crease/public assistance payments
to the indigent aged, dependent
children and the blind represented
as
and
plan
the Public Acts of 1937) was made
the general fund alone
installed,
was
751.19. These
were
or
the
year
requirements of the
act of 1937, all
but about two and a quarter mil¬
lion dollars of the State's debt, old
and new, direct and assumed, is
budget
year
possible,
by
preceding fiscal
unless otherwise indicated.
1943,
soon
measured
are
record of the
State's
Co., New York,
foregoing increases and
decreases
re¬
budget
was
installed
under
a
splendid statute enacted in 1937.
The
"All the
$13,770,104.75 to $12,-
amount
on
$1,500,000
State
a
The
interest
debt
ago to build links in
highway system, and
not yet due or callable) was re¬
years
State
June
$2,250,000 of the State's remaining
$96,035,000 of debt is to be paid
required
12-15
the
of
made
but
portion of the county highway re¬
imbursement debt assumed by the
State
(for county bonds issued
on
year,
net reduction
a
910,206.27
State's
Retire¬
fully
June 1, 1937, and the close
on
the
between
or
Debt
was reduced from
$94,394,000
$84,033,000, while the unfunded
General Fund Outlay Higher
or
State
155.68.
"General
Trust
of the
reduced during
ing July 1, 1943, by $12,128,949.07,
at
&
debt
was
the twelve months period includ¬
livery of the bonds will be made
Bank
amounts
both years.
101%%
Chemical
by
$365,133.02,
actually re¬
quired for debt service during the
year
declined
by
$1,175,064.72.
'Cushion' deposits were made in
while
1, 1948;
June 1,
the
terminating
giv¬
debt
by $12,128,949.07 during the fiscal year,
No
ments
increased
year
to
bonded debt
The
by aggregat¬
interest require¬
Federal
access to war activities.
its
ing
annual
to
has stopped
aid for high¬
"Sinking fund receipts for the
forth that the State of Tennessee
shall be determined
the
ing
reduced
highway fund had a sur¬
from Federal income taxes under plus for the year amounting to
existing laws.
Such opinion will $1,331,663.80. This resulted in an
accumulated surplus in that fund
be
furnished
to
the
purchaser
on June 30,
without charge.
1943, of $6,583,311.65.
No bids will be
interest
all
amounted
war
construction,
way
1947;
or
ex¬
construction except for roads
or
compare
dated
almost
June
1953;
on Dec. 1, 1953 or June
1,
1954; and 100% on Dec. 1, 1954 or
at
accumulated
was
$7,308,943.48. The
1,
1952
year
increase in
an
expenditures
way
or
1,
for
accounted
1947
1, 1950
1951;, 100%% on Dec.
1, 1951 or June 1, 1952; 100V2% on
June
Legislature held during the
June
101 Vz % on Dec. 1, 1948 or
1949; 10iy4% 011 Dec. 1, 1949
June 1, 1950; 101% on Dec.
or
condition
accumulating annual
surpluses, produced in six years,
of redemption; 102 % % on or
prior' Bids are desired
on forms which
to June 1, 1945;
102%$; on Dec. 1,
1945 or June 1, 1946; 102% on Dec. will be furnished by the city. De¬
on
rolls, and very moderately
increased monthly grants made to
others. The biennial session of the
strengthening
State's financial
Power
Nashville, Tenn.
bonds.
substantial
the
they were the owners and had
possession of the original Electric
Bond Offering—Sealed bids will
on
be
if
be received until 10
This
of
a
from
called
ance
made
was
consists of the production
during
municipal electric the fiscal
year
of a surplus of
light and power plant and dis¬
$2,631,950.39 in the general fund,
tribution system for the city. The
$1,331,663.80 in the highway fund
legality of the bonds will be ap¬ and
an
increase of $9,897,845 in
proved
by
Caldwell, Marshall, the
sinking fund. The total sur¬
Trimble & Mitchell of New York,
pluses accumulated during the last
whose legal opinion will state in
six years showed
$5,489,000 in the
effect that the bonds have been
general fund and $6,583,000 in the
authorized in accordance with the
highway fund. The total reserve
quisition
bonds
bonds
financial position of the Govern¬
ment of the State of Tennessee
Tennessee for 1937, and of the last three
fiscal years. This
applicable statutes, for the report results from the 12th
yearly
purpose of paying, funding or re¬ survey
of the finances of the
funding a like amount of out¬ State government conducted
by
standing Electric Power Revenue Tennessee Taxpayers Association.
bonds, Series A, of the city dated
rank
1943,
a
of
bonds, shall
•
the
Acts
lawful
the
ceed
Final payment to meet the city's
for
serve
penditures of $157,000. Executive
during the fiscal year and administrative costs of the
Chemical Bank & Trust Co., New ended on June
30, 1943, announces State offices, departments, divi¬
York, or at the City Treasurer's Tennessee Taxpayers Association
sions, etc., as a whole are shown
office.
Registerable as to princi¬ in a 12-page report released at to
have been reduced during the
pal only.
Issued pursuant to the Nashville on Oct. 16. This is the
year by $358,624.
provisions of The Revenue Bond report which
annually analyzes,
"Highway fund income for the
Refinancing Act of 1937, consti¬ compares
and
interprets
the fiscal
year was $8,640,607.28. High¬
tuting Chapter 184 of the Public State's financial affairs for
each
in
payable
and
Interest
and
separate
being
month's interest due Dec. 1, 1943)
by all
appurtenant coupons maturing af¬
ter Dec. 1,
1943. All registered
1914
'Greene, chairman of the city's finance committee, and City Treas-
'
Comp¬
by duly executed
a
at the
troller's office, on presentation of
said
bonds
accompanied
of
in the sinking fund established to meet the $225,000 due
next July, together with accrued
interest charges as of that date,
will require an appropriation next
February of only $6,500 of the
customary annual $10,000 item, it
was disclosed
yesterday. .
unexpected
or
Commerce,
City
ments
ments
The
the
called, will be paid
Accumulated
.
of
at
panied
July
town.
;
Bank
or
inherited
next
it
bonds
an
Memphis,
ISLAND
The
issue of $11,750,000 approved in an ordinance
passed on June 6, 1939.
;
first, coupon
nues
National
,
.
acting
of
dif¬
two
'
•
Board
rates
levied
•
Call—The
its
Light, Gas
Water Commissioners, is call¬
and
the
Tennessee (State of)
Accumulated Sinking Fund Re¬
Totals $21,930,968—Almost
$14,000,000 improvement in the
Prin¬
(payable June
and Dec. 1, with the exception of
tem;
ing for payment on Dec. 1 the
following electric plant general
of interest will be
liability serial bonds.
Series A,
accepted.
Registered as to prin¬ aggregating
$415,000,
maturing
cipal only. The bonds and the in¬ June 1,
1965, and series A, aggre¬
terest
thereon will
be
payable gating $419,000, maturing June 1,
bid
no
itances
■:
Bond
through
of the above rates of interest
but
ferent
;
Memphis, Tenn.
•
from
Nov. I, 1944 to 1953. Bids will be
received- for the entire issue at
for all of the bonds.
cipal and interest
1683
other
Rutland Indep. Cons. School Dist.
No. 3 (P. O. Rutland), S. D.
•
•
general
offered
bonds
14—v.
purchased
County National Bank of Clear
Lake, as 2Vfes, according to W. J.
Rowland, District Clerk.1 Due on
Oct, 1 in 1944 to 1951; callable
on
Oct. 1 in any year prior to
maturity.
* •.
on
Allegany, Pa.
Election—At
on
were
Only
a
l/10th of 1%, and must be the
or
same
Deuel
$2,478,606,341 by $29,1.18%, while the esti¬
mate for personal property
DAKOTA
SOUTH
real
the
than
CHRONICLE
transferred
from
the
it
be
can
1944
the
is
debt
use
that
schedule
maintained
1945
and
of
the
estimated
retirement
during
without
revenues
1943,
resort
other
to
than
those that have actually been used;
in
1941, 1942, and so far in 1943,
even
the
if
rationing should decrease
yield of these
below the
1941
revenues
revenue
60%.
yields."
*
asaaiag^M
1684
THE COMMERCIAL & FINANCIAL CHRONICLE
wide
TEXAS
Denver
Bond
Sale—The
semi-annual
on
Oct, 5—
San
Antonio, at a price of 100.375,
according to the City Clerk. Due
serially in 15 years.
Shaffer &
was
an
for
country, according to the
Council
of
Behind the
State
Governments.
is
now
on
a
Montana, plus dams
provide
control
on
series of levees
a
tribu¬
on
the
river, would
effective plan of flood
an
and, at the
time, fur¬
irriga¬
Refunding Program Submitted— tion and power development.
TJnder date of Oct. 1, 1943, Barcus,
Set up on an informal basis and
Kindred & Co., and the Ranson- operated by means of conferences,
Davidson Co., Inc., submitted to the Missouri River States. Com¬
holders of the county's permanent mittee consists of two members
improvement refunding bonds, se¬ from each State, appointed by the
ries 1932, permanent improvement Governor.
The
Committee
does
refunding warrants, series 1932 not seek to displace or duplicate
nish
improvement re¬
funding warrants, series 1932-A,
a
refunding program involving
this
indebtedness.
The total out¬
aids
for
the work
the
Missouri
or
general
River
private—in
objective
development;
One of the first moves to be
1932, $804,000 refunding warrants
series 1932 and $183,200 refund¬ decided is^a plan for administra¬
ing warrants, series 1932-A, all tion, maintenance and operation
due in 1952 and carrying interest of the development during its con¬
ranging from 2M»% to 5%. During struction and after its completion
the period from 1924 to 1928, the —whether it should be handled
county issued approximately $2,- like the TVA development, or by
440,750 of 6% and 7% warrants means of an eight-State compact
for permanent improvement pur¬ or merely by joint and reciprocal
poses.
The county defaulted on State and
Congressional action
debt
securities
curities
and
refunded
was
now
in
1932
the
the
into
se¬
outstanding.
under
a
joint States' Committee.
The latter plan has been followed
in
the
Delaware
River
Basin,
$517,000
permanent
im¬
where
the
Interstate
Commissions
purpose
ture,
owned
by the county will be
troversies
celled
when
issued.
are
the
The
can¬
securities
new
county will
pay
move
any
causes,
which
the
of
of this compact is to
15, 1977, and optional at par and
interest on any interest
payment date.
The bonds now
accrued
waters
present
might
with
of
River Basin.
before the House Committee
Rivers
and
Harbors
with
War Department request that
propriations and construction
a
WISCONSIN
lead
to
respect to
the
re¬
the
use
of
Republican
the
is
reported by C. H.
Little, Superintendent of Schools,
bonds
and
bear
interest
for
Denomina¬
the old bonds at par.
tion $1,000.
Due on
April 1 as
$2,000 in 1945 and 1946,
follows:
$3,000 in 1947 to 1959, and $4,000
in
1960 to
1963.
Inetrest
payable
that
election
an
Nov.
20
is
have
to
scheduled
the
voters
elusive.
V
the
10-mill
ex¬
12,000
at
and
the
must
last
by
carry
Kanawha
Bond
Court
Election—The
has
of
date
fixed
Nov.
election
an
matured
debt
$22,000
works
fire
station
the
at
m
Mimico, Ont.
Harrison
&
Co.
of
that
Toronto
pur¬
chased during the month of
Sep¬
tember
the
following bonds
!>-*
ag¬
M
gregating $180,000:
$80,000
3%
improvement
bonds.
25,000 3V2% improvement bonds.
Due in
Perpetual
Care
1949
1953.
to
•:r
75,000 3%% improvement bonds,
Interest M-N.
Fund
4%
water
works
Due in 1954 to 1963.
.
Scarborough Township, Ont.
bonds.
1, 1,933. Due Nov.
1, as follows: $2,000 in 1949;
$1,000, 1950; $13,000 in 1951
and $6,000 in 1952.
Interest
Bond
f
from
and
1945
to
1947
$3,000 in
1948.
Kessack,
2
that
Township
Dec.
on
dated
15
Jan.
1970 to
certain
1,
debentures
1940,
maturing
in
1972.
if.
v
Upon presentation and
der
of
said
Interest
in denomi¬
are
nations
of $1,000, registerable as
principal and are payable from
unlimited ad
CANADA
ronto,
debentures
the
will
payment
be
j-
surren¬
the
at
H
Canadian Bank of Commerce, To¬
All of the bonds
to
O.
Treasurer, is calling for payment
Dated
inclusive,
Call—It is reported
James
M-N.
the
$3,In appeal¬
placed
was
Bonds Sold—It is reported
bonds.
M-N.
have
re¬
gross
ONTARIO
bonds.
Dated Nov.
Charles'
as
today
was
The
$123,100,100.
May 1, 1938. Due May 1, as
$2,000 in 1944; $4,000
voters pass on the issuance of
and
public
$1,337,706.
M-N.
valorem taxes.
waters
for irrigation and other 000,000 airport bonds.
unpaid coupons
maturing Oct. 15,1942, at full face purposes has in the past caused ing to the voters to approve an
increased
\ ■■
:;■<
issue
to
value and the April 15, 1943, cou¬ disputes.
replace the
pon at $10 per coupon, these, pay¬
State Power to Tax U. S. Plants $1,000,000 voted on Aug. 4, 1942,
the court is calling attention to
ments to be made at the time the Carried
Canada (Dominion of)
to
Supreme Court—The
the need for an all-purpose air¬
old securities are exchanged for
August Trade Second Largest
Department of Justice asked the
the
new
refunding bonds. The U. S, Supreme Court on Oct. 15 port in the county and to the in¬ In
History—A
Canadian
Press
proceedings authorizing the new to review litigation, which the De¬ creased possibility of getting Fed¬ dispatch from Ottawa on
Sept. 30
eral aid once a usable port is in
refunding bonds will provide for partment said
reported as follows:
potentially involved
a
operation.
continuing tax levy of seven whether
Canadian
trade
in
States, counties and cities
August
cents on each $100 of assessed
The $1,000,000 bond issue could totaled
could tax $1,500,000,000 worth of
$444,240,556, the second
valuation.
not be offered for sale because of
;,y
machinery, equipment and build¬
largest in the history and exceed¬
The
$804,000 permanent im¬ ings owned by the Federal Gov¬ the stipulation in the call order ed
only in July this year, when
provement refunding warrants (of ernment and used under a con¬ that Federal aid first be forth¬
it totaled
which the county owns but will tract by
coming.
$457,409,956? the Do¬
private companies in the
all
by
•
County
to
duced
follows:
20
pre¬
Holdings
VIRGINIA
County (P. O.
ton), W. Va.
the
of
the year the public debt
17,000 2M>% school bonds.
WEST
was
Mr. Carson reported that during
May 1,, 1938. Due $2,000
May 1 from 1944 to 1949
Cemetery
election
majority.
what
nearly double
year
r i
$1,-
Due in 1944 to 1948.
inclusive.
three-fifths
a
of
excess
and
than
more
days.
war
$3,000 in 1950. In¬
water
2M>%
on
of the votes
general
in
the
of
Commission
profits in the peak
Dated
fund. The law requires that
under this consideration the vote
must be at least 50%
$3,975,347,
000,000
M-N.
pense
cast
profits
Liquor
estimated
1, 1933. Due Nov.
1, as follows: $3,000 in 1948;
$1,000, 1949; $7,000 in 1952
and $14,000 in 1953.
Interest
pass
current
were
Interest M-N.
4%
Commissioners
limit for
Net
Manitoba
Dated Nov.
the
County
collections.
Holdings
M-N.
Interest
clusive.
25,000
for
issuance of $800,000 court
house bonds.
on
emergencies.
Liquor profits provided record U
3,000 4'/2% school bonds.
Dated
May 1, 1931.
Due $1,000 on
May 1, 1931.
Due $1,000 on
May 1 from 1949 to 1951. in¬
stated
by
Pliny T. Snyder, County Auditor,
war
$8,000 41/2% bridge bonds. Dated
May 1, 1931.
Due $1,000 on
May 1 from 1944 to 1951 in-
ham), Wash.
is
| a reserve fund for war and post¬
terest M-N.
Whatcom County (P. O. Belling•
Election—It
$828,677.
eluding payment of $1,250,000 into
j
Firemen's Pension Fund Holdings
A-O.
Bond
of
were $18,567,393, in-
'
at
exchanged
were
Interest
in 1949 and
nection v with
the
$59,000
(not
$61,000) Wallace School Building
exchanged with the original
holders, as noted in our issue of
that
Fund
increase
an
| Expenditures
8,000 21/2%r school bonds. Dated
May 1, 1938.
Due May 1, as
follows: $1,000 in 1948; $4,000
con¬
bonds
E.
$5,000 4% school bonds.
Dated
May 1, 1931.
Due $1,000 on
May 1 from 1944 to 1948 in¬
Wash.
it
Details—O,
following:
Pension
clusive.
Additional Information—In
4,
of the
Police
Kelso School District (P. O. Kelso),
con¬
Distribution of
consist
WASHINGTON
Oct.
Offering
Oien, City Clerk, reports that the
$100,000 general obligation of the
bonds, held in various municipal
bonds, which are to be offered at
competitive sale on Oct. 27, will
ap¬
war.
fu¬
or
Bond
■<
Revenue for the year was $20,-
749,490,
Eau Claire, Wis.
au¬
thorization be deferred until after
the
The
Cooperation
Delaware, New
refunding bonds (of
which the county owns but will York, New Jersey and Pennsyl¬
vania work together.
cancel $24,000) will be refunded
The Republican River
on
a
Compact
par for par
basis into an
issue of $493,000 permanent im¬ was made operative this year by
action
by
Colorado,
provement refunding bonds, series legislative
Kansas and Nebraska,
and ap¬
1943-A, dated April 15,1943, bear¬
by
Congress.
Principal
ing 3 Vz % interest, maturing April proved
The
provement
report on the
survey, which took five years, is
2%%,
standing debt against the Perma¬ .rather, its purpose is to cooperate
nent Improvement Fund consists with and aid all of them by every
of $517,000 refunding bond series means at its disposal.
these
four-volume
same
ganizations—public
of
A
navigation,
of other persons or or¬
reaching
Ambridge and Aliquippa,
Pa.
general idea
that a series of multiple-purpose
diims below the Fort Peck Dam,
move
lower reaches of the
Co., of 100.10.
Texas
and contin¬
areas
burgh,
the
taries and
offer by
permanent
metropolitan
uation
of
the
program
to seal
abandoned mines, including Pitts¬
in
Hidalgo County (P. O. Edinburg),
and
27
a
built by the Federal Government
158, p. 1292—were awarded to
the Columbian Securities Corp. of
v.
Second best bid
demand
in
$40,000
5%
system
bonds offered for sale
and
program similar to
those of other great river valleys
works
water
interest
development
City, Texas
i
Monday, October 25, 1943
made
of
principal amount thereof to¬
gether
Dec.
with
accrued
interest
to
-
Y
15, 1943.
Any
debenture
holder
wishing
to obtain payment of their
bonds
prior
so
to
Dec.
presenting
bank,
said
where
made for the
interest.
I.
t
15
do
may
bonds
said
at
payment
on
will
be
bonds, plus accrued
Interest
ceases
?
H
f;
date
on
called.
.
cancel
$109,600) will be refunded
effort.
war
the basis of $700 for each $1,000
into an issue of $486,710 perma¬
minion
West
Virginia
on
Specifically, the test
case
out of an attempt by
Allegheny
improvement refunding
County, Pa., to impose a real es¬
bonds, series 1943-B, dated Oct. tate tax
on
$618,000 worth of
15, 1943, bearing 3% interest, due
Government property used by the
Oct. 15, 1977, and
optional at par Mesta
nent
and
accrued
interest
Machine Co. of West Home¬
on
any
in¬
terest
now
paying date. The warrants
owned by the county will be
cancelled when the
are
to
new
pay
The county has agreed
all matured and unpaid
coupons due April
prior thereto.
15,
1943,
;
v
and
,
^
UNITED STATES
Western
ment
of
States
See
Missouri,
manufacturing large field
for the Army.
guns
The
company
joined
the
De¬
Basins—Two
groups
of
Western
States,
one
involving
eight States and the other three,
are moving this
year for the uni¬
form development of the Missouri
highway
gram,
State
Ernest
L.
West
—
Vir¬
$60,000,000 post¬
improvement pro¬
a
Road
Commissioner
Bailey said
Oct.
on
convention
of
the Daniel Boone
from
the
West
at
ton, he said:
decision
a
by the Pennsyl¬
vania Supreme Court
sustaining
the tax. The State
Supreme Court
held
the
the
assessment
was
company and not
"The
States
the
against
against the
from
to
taxes
taxing power of
the Department of
"would be substan¬
assessed
River System and the
Republican
River Basin, the latter in Colo¬
as
fast"
to
about
10,000
on
men
ac¬
road projects."
He explained that the
$60,000,000 fund could be realized
by the
limited
against
go
tually employed
State putting up
the
$15,000,000 avail¬
able from bond issues which would
be matched on a 75-25 basis
United States itself."
rado, Kansas and Nebraska.
were
roads
the
will
the
Justice said,
tially curtailed, if it
new
machinery will turn. Over
$10,000,000 will be spent for new
equipment and over $14,000,000
as
immunity of the United
States,"
Hotel, Charles¬
"We intend to be ready to turn
blueprints into
of
Statistics
re¬
ported today.
"Domestic
amounted
exports
to
in
August
$292,861,098,
which
$111,800,000
Kingdom,
went
to
$29,400,000
other Empire countries
of
the
to
and $91,-
200,000 to the United States," the
Bureau
said.
Canadian trade during the first
eight months of this year totaled
$3,029,435,464, compared with $2,598,713,553 in the like period of
1942.
Canadian
trade
during the
eight months exceeded the total
trade
in
about
$750,000,000 and
the
full
1940
year
Nebraska, South Dakota and Wy¬
souri River
system.
Present activity of the Missouri
River States resulted from
valley-
men
The project
calls for establish-
ment of sewage
disposal plants in
|
come
failed,
and
uphold
our
home,
failed
we
shall
have
miserably,
end of the
war
to
efort."
purchased
were
Co.
of
1969.
Toronto.
Due
in
1955
'
,
to
r"
Windsor Separate Sch. Dist., Ont.
Debt
—It
Refunding Plan Submitted
is
stated
that
the
debenture
holders of Windsor Roman
olic Separate
Cath¬
School Board
(for¬
merly Windsor, East Windsor and
Sandwich Separate School Boards)
advised recently that
were
for
refunding
Board
the
had: been
Windsor. Separate
debts
a
plan
of
the
approved
by
School
Board
the debt in¬
Certificates Sold—It is reported
streams in the Ohio River drain¬
Corps of Engineers,
provement bonds
im¬
by
River
declared, and "if we do not adopt
oming to secure power develop¬ age area for recreational purposes. a sound and constructive national
ment, irrigation, flood
The recommendation was made
control,
policy toward the nation's post¬
navigation and related improve¬ by a three-man Ohio River Com¬
war
internal
problems
before
ments
through the valley-wide mittee and was concurred in by
development of the entire Mis¬ the War Department and the Army; peace is signed and before our
reported that
semi-annual
and the Department of
Municipal
only Affairs of the
Province of Ontario*
about $60,000,000 behind the total
The plan requires the approval of
trade in the full year 1941.
at least tWo-thirds of
Post-War Pollution Federal monies, a "course of ac¬ that an issue of $150,000,000 de¬
Project Urged—A $200,- tion which seems fairly certain ta posit certificates \yas sold recently
General conferences were held 000,000 post-war project to control be carried out, as nearly as we
to the chartered banks, at Q.75%.
can tell at this time."
for the first time this year
by the pollution in the Ohio River has.
Due on April 11, 1944.
been recommended to
Missouri River States
Commit¬
It is the responsibility of those
Congress as
a means of
on
tee, organized by Iowa, Kansas,
the home front to assure a
safeguarding the pub¬
MANITOBA
Missouri, Montana, North Dakota, lic water supply and reclaiming lasting peace, the Commissioner
Ohio
3*4%
was
Control
by
$284,000
during September by Harrison &
United
13.
Speaking at the one-day sixth
annual
Bureau
of)
Post-War
Virginia Petroleum Association
Government.
River
Program
partment of Justice in appealing
Develop¬
Republican
Highway
war
(State
$60,000,000
ginia will get
stead in
securities
issued.
Plans
grew
Thorold, Ont.
Bonds Sold—It is
Manitoba (Province of)
volved and the Debentures Hold¬
Committee,
ers
StUart
nounced
Sk
has
Carson
Manitoba
has
a
for the fiscal year ending
1943,
ever
of
$2,182,097,
the
to
communicate
Ilroy,
302
recorded by a Manitoba Gov¬
ernment.
Bay
with
the
Secre¬
Street,
Toronto,
QUEBEC
Riviere
du
Loup, Que.
Bonds Sold—It is reported that
surplus
highest
*
Ont., to obtain details of the plan.
an¬
April 30,
recom¬
tary of the Committee, W. F. Mc-
Record Surplus Reported—Pre¬
mier
which
mends the plan, is asking holders
$155,000
bonds
31/2%
were
Oscar Dube
a
semi-ann.
school
purchased recently by
&
price of 99.15.
Co. of Quebec,
at
'i
@FedFRASER