Full text of Commercial and Financial Chronicle : October 25, 1948 : General Corporation and Investment News, Vol. 168, No. 4745

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BU6. ADM.

rOCT 2 5 iqag

LIBRARY

MONDAY

Reg. U. S. Pat. Office

PUBLIC UTILITY

-

Admiral Corp. (& Subs.)—Earnings—
Nine Months Ended

sales-

Net

profit

Earnings

„^*

S*

'

u

■

share

—

tion.

stock

'

.

'

Co.

Aluminum

20

with

'

Nov.

Judge

24

-entered

against

Motions
•

docs

toy

•

Nov.

the

the

at

Judge

ration

to

—V.

luve

There

called

been

redemjiUcn .on..Nov,.

for

.sinking fund monies, $105,700' of 15-year first
due April 1, 1952, at 100 and interest at the

$r.

from

,«

Harris Trust & Savings Bank,
cago, 111,—V. 166, p. 1145.

April

1,

•

1, 1948;

to Nov.

1948

trustee,

out vof

mortgage Income bonds rate of 5per annum

Payment will be made at; the
113 West Monroe Street, Chit-

"

.

.

•n

'

.

■

■

...

The

company

total

A

of

Oct.

on

air

of

carriage

announced

12

miles

ton

all-time high for the

new

a

September.

during

cargo

3.448.373

Airfreight,

of

mail

and

express

was

compared with 2.276,515 ton
miles in September, 1947, according to R. S. Damon, President.
Airfreight alone hit a new high of 2,231,991 ton miles in September.
The previous record was registered last May with 1,921,629 ton miles.
Mail aggregated 734,342 ton miles last month, while express totalled

handled
,

miles.

ton

482,040

reached

—V.

168,

3.090,750;

-

mail and express for June, July
2,824,896 and 2,900,721 ton miles,

1246.

p.

•

168,

p.

the

of

and August,
respectively.

Committee

The

Oct,

ruled

14

—V. 168, p. 937.

i-

i:

\

distribution

American

North

Rayon

below.—V.

Corp.

163.

p.

Holders

dn 6ct.

of .record

for

framing
the
'•

River

in

building

Hall

of

York

New

terrace

a

Assembly

furnishing

the

Secretariat

East

and the

the

City,

about street level which will connect with
other buildings to be erected by the United

at

and

Nations.
The

building

new

will

and Summer.—-V.

Spring

be

163,

erected

American

by

Bridge

65.

p.

Co.,

next
t; V

—

First Public

Showing of

first

The

with

public

stainless

showing of articles' made of Rosslyn Metal, copper
steel surfaces, will be made at the National Metal

in Philadelphia, Pa., Odt. 25 to Oct. 29, it was announced
on
Oct. 22 by Joseph Kinney, Jr., President.
In the exhibit wiH be food
processing equipment, cooking utensils,

Exposition

articles.
dissimilar metals can be
cladmetals besides Rosslyn will
be shown at the exhibit. However, due to the large commercial de¬
mands for Rosslyn Metal, American Cladmetals is devoting its produc¬
tion to that cladmetal until
the production-enlargement construction
program now
underway at its 10-acre Carnegie plant is completed.
other examples of Rosslyn Metal in

tubing and
By

of

means

bonded

—V.

Kinney Process
permanently. Other

the

together

168,

194k.
Sept.'.."it,

27.

Cyanamid

Construction

Chemical

construction

new

chemical
Lion

plant

Oil

has

projects

Go.—New Construction Contract

Corp.,

for

the

a

unit
Lion

has

Oil

work on two
at the latter firm's

begun

Co.,

El Dorado, Ark., it was announced on Oct. 14.
contracted with Chemical Construction for the build¬

near

plant, and an ammonium sulphate plant, the
tfutput of which will be used for the production of fertilizer.
The sulphuric acid plant will have a capacity of 300 tons per day,
and most of its output will be used by Lion Oil itself. The ammonium
sulphate plant, with a capacity of 280 tons per day, will use ammonia
from the
Ozark Ordnance Works. This latter plant, originally built"

ing

by
was

of

a

sulphuric acid

Chemical Construction Corp. and now in process of enlargement,
acquired by Lion Oil from the government at the end of the war.

—V.

168,

p.

641.




Federal
Other

21,310,536
5.844,167

taxes

taxes

3,739,147

__

and deplet.
appropriations

$

S

*

.

37,792,841 175,630,567 151,376,116
17,460,735 ' 83,973,141
67,486,934
4.193,520
21,176.893
19,004,196
3,360,631
14,637,259
12,605,690

44,448,263

Prop, retire,
reserve

Net
Other

operating

income

Grbss
Int. to

3,147,113

(net)

2,907,965

12,195,839

H,454,572

10,407.300

revs.

9,849,990

43,647,435

52,226

9,902,216-43,904,461

10,533.844

public and other
(net)

'41,023,975

11,444,243

2,771,339

2,977,324

10,641,585

579,788

515,404

2,299,797

1,714,174

7,182,717

Amortiz. of plant

6,409,488

30,963,079

27,865,558

acquis,

adjustments
Balance
to

Transfer

257,026

40,824,524
199.451

126,544

;

income

deductions

surplus

res."

725,654

768,908

198,290

280,700

1,193,116

30,194,171
5,155,451

27,139,904
5,005,691

33,830

399,405

135,580

6,902,017

divs.

to

6,211,198

1,293,582
192,576

5,415,859

\ 4,981,252

24,639,315;

21,998,633

5,415,859

Balance

'Pld.

4,981,252

24,639,315

21,998,633

public

Adolf

$948:

are

stock,

$2,

par

* \

A.

has

at

elected

been

who

resumed
time he

Chairman of

his

in Personnel—
with the company in
director,

association

was elected
the board.

Treasurer and a
'

,Net equity of co. in
"

\ income of "subs...
Airier. Put.
Net

A.

1,884

24,639,315

,189,077

4,933.136
122,035

429,118

22,152,239
447,421

175,285

170,220

766,790

656,959

5,014,747

4,690,881

23,443,407

21,047,659

:

taxes

/

.

formerly Assistant Treasurer and Controller,
directors and in addition was named

Slatoff,

153,606

Dr36,750

_____

Expenses

elected to the board of

carried to cohsol.

Bal.

earned'

President.
Ellis

above)..

5,379,109

Income

Income

Executive

Saar,

LI. Co.:

&

(as

Total

Vice-President since 1943,' and acting
President since the death in May, 1948 of Charles William Taussig who
had served as President and Chairman of the board, has been elected
Oscar

equity

Other

'

which

'Berle,

1946,

March,

applicable
to
minority interests.—

Curb Exchange on
"ex" the 100'v , stock
'>*- * £"-J -A *•
?«'<•
•
today, (Oct. 25), being mailed

'

surplus

Weekly Input Increased 10.38%—

has been
Treasurer

For

10.387c

or

14, the System inputs of subsidiaries of this

Oct.

week ended

the

company

amounted to 244,991,000 kwh., an increase of 23,049,000 kwh.,
over the corresponding week
of last year.—V. 168, p. 1577.

American Stove

In This Issue

...

directors

The
for

the

been

Quotations

■

;■-V.'.

....

(Stocks)
15
(Bonds)———27
New York Curb Exchange
31
Baltimore Stock Exchange.—_—._
3R
Boston Stock Exchange
36
Chicago

Stock Exchange..._
Stock Exchange

Cincinnati

Stock

Cleveland

Detroit Stock
Los Angeles

——

Stock Exchange....

Philadelphia Stock Exchange——
Pittsburgh Stock Exchange
St. Louis

...

Stock Exchange....

—

San Francisco Stock Exchange..,——

Stock Exchange.

Montreal Curb Exchange

Exchange.

Stock

Toronto

Stock Exchange—Curb

Section

Over-the-Counter Markets

set

pay

any

farther

dividend

stated that this action was taken
resulting from the first six months of
to properly carry the large volume

President,

earnings

need for cash

added;

profits,
a

to

of 40 cents each, of $1.20 have
with $1.45 in 1947, and $1.20 in

for

August

new

and September indicate substan¬

and the present -outlook is for a continuation

high."—V.

this year.

of satisfac¬

Net sales for September

168, p. 541.

Telegraph Co.- -To Issue $150,-

American Telephone &

000,000 Debentures—
Issue of
It is
that aregistration statement will be filed with the SEC? In November.
Pro¬
ceeds of the sale would be used to provide the company's subsidiary
and
associated
companies with funds for extensions, additions and
improvements to their plants; for extensions, additions and improve¬
ments to
Its own
plant; and for general corporate purposes.
The
company expects to offer the new Issue for sale through competitive

„

The

directors on Oct.

long-term
expected

37
—38
38
38
—39
40
40
41
43
44

Stock Exchange—

Miscellaneous Features
General

compares

tory performance for the balance of

26
Transactions New York Curb Exchange——26
Stock and Bond Averages
26

Transactions New York

low

being done.
"Operations

business

He

37
.*-37
37

Exchange.

Exchange..

the

and the

tial

—36

1
—A.

Stockstrom,
of

operations,

Stock Exchange

not

dividends

which

of

,

decided

14

Three

this year,

the three preceding years.

Arthur
because

Page

Co.—Omits Quarterly Dividend—

Oct.

on

1948.

year

paid

each of

Stock and Bond

authorized

20

the creation of a

new

debentures in an amount not exceeding $150,000,000.
the issue will be dated in December, 1948, and

that

bidding..

Quarterly Statement—Leroy A. Wilson, President, on
Oct. 6, said m part:
the Bell System during the
in 1948 is 2,150,000—more
demand for telephone service
continues high and despite the extraordinary rate at which telephones
are being
installed there are still 1,250,000 persons on the waiting list.
There are now nearly 30,660,000 Bell telephones in service.
The further rise in telephone wages emphasizes the immediate and
pressing need for higher telephone rates.
Applications for additional
rate increases are pending before regulatory authorities and further
Over

third
than

665,000

quarter.

all

the

telephones
The total

added

were

increase

telephones in Prance.

so

to

far

New

Corporation & Investment News-Cover

State and City

American

—

....

revenues

1948—12 Mos.—1947

$

$

Operating expenses

Dividend—

many

1577.

p.

Operating

(& Subs.)—Earnings—

Light Co.

3
1948—3 Mo.s.—1947

31—

Subsidiaries—

stock be tjuoted

Toronto

Rosslyn Metal—
core

a

General

Lavan,

American Power &
Period End. Aug.

adding
further

"

>'

•

American Molasses Co.—Changes

Montreal

Co.

Cladmetals

American

be

to

New York Stock Exchange

erection of the steel of the
United Nations to be erected at
between 42nd and 48th Streets,
was
awarded on Oct. 7 to this company, a subsidiary of United States
Steel Corp., it was announced Oct.
19 by F. K. McDanel, President.
About 13,000 tons of steel will be required for the towering Secretariat
structure, which will be 72 feet wide and 287 feet long. The building
will comprise
39 floors and a penthouse. There will be two framed
basements
below
street
level.
The
contract also
provides for steel
for

contract

A

the

shares

new
preferred stock'
Hochscheld, President.

the

Detroit, Mich., one additional share of common
for each share of common stock held.—V. 168, p. 1477.

New York

1577.

UN Contract—

American Bridge Co.—Awarded
40-story

fund

said Harold K.

from

■

Corp.—Filing With SEC—

American Bemberg
See

directors

of

board

any of the authorized
these changes are expected

sinking

the ..common

■*'

.

&

Deitch.

L.

Morton

were

Stroock

&

Secttiitic:?- oL. the .New York

on

that

Offering—Kidder,

New York
Stock Exchange Oct. 20 of 6,633 shares of common stock
(par $10) at $25per share, with a commission of 50£.

„

the

American Mk^alProducts Co.-r-Ruling on

Peabody & Co. made a special offering on the
;

the

member of the law firm of
Counsel to the company, and
Francis H. Knowlton, General Manager of the Boston Molasses Co..
a
subsidiary of American Molasses Co.—V. 168, p. 245.
These

Stroock

.

Co.—Special

Note

Bank

American

as

,

airfreight,

of

Totals

1948,

month,

by this company last

other

Two

board.

1

a

;

American Airlines, Inc.—Record Cargo Carried—

}

Secretary,

elected Vice-President in

Portion

%,
4

*

'

<

capital,

broader market,
1577.

enjoy

will give

reclassification

While

u

ov^t.

1,

and

stock

in financing new enterprises and in
which may be desirable if there is a

company

addition

the

should

Ambassador East, Inc.—Partial Redemption—

:

the

to

reclassification,

the

proposed

nonferrous metal prices,

With

1357.

p.

In contrast

selling

contemplate

presently
on

the

structure.

financial

flexible

working

its

rise in

must be filed by Alcoa

16b,

government

directed.—V.

Knox

not

that

believes

company

helpful

company.

directed

l.

preferred stock will be equivalent on
share and the aggregate call price '

new

present

share

issued

not

the

to

the

on

for each

<

-

.

.

in liquidation of $140 and $147, respectively,
liquidating preference of the present preferred
whether voluntary or involuntary.

more

a

been
been

succeed Mr. Berle. Mr. Slatoff has also
succeeding Lawrence G. Washburn, who has
charge of sugar operations.
directors
have
been
elected to fill vacancies on
to

company

elected

share

a

The
it

Ktiox

C.

John

answer

an

tender.

or
rate

$6.30

to

per

the

$100

Oct. 15 directed the company to file
petition of the Department of Justice
for an order requiring the company to dispose of certain
plants and
properties in compliance with a 1945 judgment of illigal monopoly

toy

$105

preference

„

Federal

'

terms is not callable but is
York law.
It Is proposed to

will be $147 as compared with a current market
value of approximately $121 per share for the 6preferred stock.
The
new
preferred stock will be entitled in liquidation to $100 a
share if Involuntary
and $105 a share if voluntary or an aggregate
at

'

Suit—

.

has

new

dividend

The

1.4 shares

America—Gets Order in Monopoly

of

certificate of incorpora¬
the authorized preferred
and will reclassify the

the

of

MISCELLANEOUS

.

its

by

purchase

by call,

announced a development of a revolu¬
tionary method, known as the "Aircomatic" Process, for manually
welding heavy sections of aluminum and aluminum alloys. This new
process
permits the welding operation with a consumable electrode
to
be
carried on
at high speeds in all positions. Heretofore, high
.speed welding with a continuously fed elctrode has been conducted
with automatic equipment capable of welding only in a flat position.
—V. 168, p. 1477.
< "
;
'
Oct.

on

company

which

stock

Reduction Co., Inc.—New Welding Method—
corporation

held on Nov. 30 to act

66,370 shares of 6% preferred t,
subject to reclassifica¬
tion under New
reclassify this stock so
that the holder of each share thereof will receive 1.4 shares of new
4>/2%
cumulative preferred stock.
The new preferred stock will be '
redeemable at 105 and will carry a sinking fund expected to retire at
the rate of 2Vr per annum of the number of shares theretofore issued
The

Sept. 30, 1948, net sales were $15,128,165,
S<11,120,436 in 1947.
The net profit was $809,489, or 89 cents
per share, comparing with $330,993,
or 37 cents per share, for the
quarter ended Sept. 30, 1947.—V. 168, p. 837.

The

stock.
outstanding

preferred

outstanding

$0.89

INSURANCE

-

Ltd.—Proposed Reclassification—

meeting of stockholders will be
a proposed amendment to the company's
The proposed amendment will increase
from 100.000
shares ot 150,000 shares

special

upon

900,000

ended

„For .the quarter

Air

.

2,037,786' ''<1,185,449
900,000
900,000
$2.86
$1.32

outstanding

common

per

—-

taxes—

A

1946
$23,021,109
804,869

1948
1947 >
$42,514,509 $32,669,223

30—

--

and

chgs.

Common-shares

•

Sept.

V—-

after

INDUSTRIAL

-

American Metal Co.,

"

Net

Copy

a

Corporation and Investment News

General
RAILROAD

Price 75 Cents

N. Y., Monday, October 25, 1948

New York,

Number 4745

168

Volume

Bond Offerings

53
Notices..46

—

Redemption Calls and Sinking Fund
The Course of Bank Clearings
Dividends Declared and Payable.

Statement of Federal

Reserve Banks

Condition

Statement

Edward D. Jones & Co.

—46

Foreign Exchange Rates
Combined Condition

St. Louis Listed and Unlisted Securities

45
46

—

.

46

of Member Banks of

Federal Reserve System.

Capital Flotations for September.—

,

Established 1871

300 North 4th St.,

St. Louis 2, Missouri

Members

—46

3

New

St.

York Stock Exchange
Louis

Stock

Exchange

Chicago Stock Exch.
Chicago Bd. of Trade
New York Curb Exchange Associate
'

.

.

Phone
CEntral 7600

Bell Teletype
SL 593

(1686)

THE

COMMERCIAL

—

applications will have to be made in
continues

to

need

plant

required

prove

large

amountu

meet

public

the service.

In

the

to

third

of

the

new

demands

future.

near

capital to
for

The

build

\'
one

bentures and another sold

the

service.and to

.

quarter

Bell

System

additional

4 Mos. End.

Net

.'4

'

sold $55,000,000. of 40-year .de¬
35-y-ear debenture issue of $75,000,000.
Of

a

mately half of these
an

of

sales

Earnings-

1948

A'f ■(»»

M94f

1946

$7,118,687" $ 13,570,327.
6,051,162
5,646,435j,

—<~

profit

Gross

,

Selling

i*

•

V

California, Oregon

.

ig'Mo.nths;

•

sales I

$1,067,525

exps,—

640,250

on

ancf gen.

/Available)/v'.

826,821

,'bJ0,8o5,..

.Operating
Other

capi¬

Profit

Plan

profit_i—__

income

be ford

30,866

Prov.

1

$127,936

6,134

*

'

Fed.

of

•

faxes—

12,85)

(

10,018

200,000

netwoik
for
transmitting television programs was
placed in operation, bv the Bel) System on
Sept. 20.
This network links
,St. Lduis, Chicago,
Milwaukee, Toledo, Detro.t, Cleveland and Buffalo.
"<3y the end of 1948 it will be connected with the
been

tional

eastern network

in

operation

extensions

of

become available

for

demand

150,000

'retail

television

as

soon

as

network

facilities

planned

are

,perioc\

..

12

$89,392

,

.

Period End.

Sept. 30—

(COMPANY

"1948—3 Mos,—1947

Maurice

ONLY)

this

"1948—12 Mos.—1947

Opeiating revenues
Operating expenses

50.752,978

224,500,000

37,458,969

156,810,000

4.890.000

21,510,000
11,360,000
34,820,000

7,610,000

6,865,553

operating

/Dividend

income

Interest
Other

52,610,000

income

income

Total

3,960,000

3,600.034
110.795

64,240,000
11,420,000

36,993,997

W.

170,541,003

in

earnings

BELL

SYSTEM

CONSOLIDATED

revenues—-

on

Other-oper.
Net

:iOther

taxes—

income

..Total

Net

79,122.474

to

56,357,328

—

36,043,256

1,735.081

stock

fConsol.

earns, per

tBased

on

of

average

tax

809,474

it

;

number

of

shares

-

.

of

excess

.'.;5i

'I

'

profits

7.V„

Teletypewriter System

credits

YlYY

for Pan American

private

business

throughout the nation.
primarily for large' private

system,

olume

of

system,

called

Long

switching,

,;?an Francisco

.

have

centers

serves.

Cisco

is

New

■

switching

request

the

of

"nerve,"

centers

is

linked

by the Western Electric
Co.—V.

Shreve M.
have

been

apolis,

'

I

56

'

New

the

Miami
'-V

T.

&

system

San

.

T.

G.

covering

1, 1978.
termined

tnrough

was

was

liquidate

issue

of

Samuel H.

•

have

first

and

Vice-President,

has

-

been

When,

given

were

cumulative
.45

Oct.

the: t

the

Gordon

10.

right

share
Meeks

unsubscribed

Proceeds

;

12

Co.

Bethlehem

National
Co.

and

a

Mr.

j j

:

of

mortgage
names

of

bonds,
the

bidding.

heretofore

statement

series

"E,"

underwriters,

Proceeds
to

will

reimburse

made

for.

Int.

due

will

Co.;

for

installation

be

de~
for

>

the

at

date

0

foam

by

for

Bethlehem
the

will

was

Jan.

Steel

enrichmnt

this

be

letter

a

5% ' convertible
be

used

Ry.—Refunding Plan,

etc.—

Interstate* Commerce
Commission examiners are
the Southern
taking
Ry.'s request for
authority to abandon the

Danville

,

Ry.

and

on

the

A.

&

D.

bond

by

of

Southern

the

A.

&

expiro.s

D.

owners.

next

will

uneconomic

year.

successfully
As

the

dispute

attempt

for
as

two

over

the
an

tp
larger

"

liave

financial

moid

poiuts^of the plan
The

by
show

.

;•

-

road,

examiners."

the

that)
but

opera ( ton

that

independent.

roads

(•■

:

:

A

50-year

lease

-

..

-

of
A.

this

the
&

A

D.

plan
&

can

D

Co.,

-an

involving

:

the

air

to

in

termination

were agreed on before

their

notification-

notes

to

be-

working

A'er"a"sol
The

of

the

2,422,581

1,575,000

1.500,000

; $4113,271

$355,652

$5,807,484

307

:

$5,337,042

575

39,582

49,610

$5 847,066

$5,386,652

(net i

$356 227.

154.116

142,071

i,795,592

1,767,956

$214,156

$4,051,474

$3,618,696

pid.

stock

for

the

period:.-

capital.—V,

has supplied the
store in
Bogota,

dcp.irtment

S. Lines'-

refrigerated

by

780,440

$2,838,256

a-r

conditioning equipment to the
Columbia, a $1,000,000 window»

\

■

..

by InterameHcana, 3. A.,
'

:

■

v'*'

-y

...

Ships Use Carrier Refrigeration

that
10 ships
recently built for the
Carolina Shipbuilding Co. have cargo
Corp., Syracuse, N. Y.—V. 168,

Carrier

p.

Castle &

Co.—Earnings—

*

•

168,

'

-

.

corporation

*.

;,

r'r

■ (Ineludhlg

=.

Period End. Sept. 30—

'

Wholly

Owned

13^5g.

•F'F'A

Subsidiary)

1943—3 Mo;.—1947

■

^Nct profit$375,181
Capital shares5 ow-t'/t'd'/F f

-v

II

"

■

•

1948—9 Mos.—1947

$305,079

*•'

*

.

h'

1

$1,052,590

$964,702

1946

•

n

L

*

"

$

in

1947

1946

:

$7,917,043
5,739,922

4,932,413'

stock

15,631,144'

sbovh

in

1578.

p.

dollars

taken

are

-

line,

a

new

was

household

at

300,000. shares. of

at $11 per share.

agents;

Fhoenix

Savings

of

formally

announced

that

concentrated

on

Oct.

COMPANY—Company

aver-*

company's
Boston. Mass.:

liquified

use" of

possibilities

oil

.T'l-ifii'/r

nnoflp

all.

where

.cases

destroy

in

insects

or

the
itit

home,

-

The

gas

at

168,

wholesale

at

12

sale

Britton Oil Co., Inc.—Stock
Offered—S. B. Cantor Co.^
York, is offering 300,000 shares of common stock
(par Id) at $1 per share. These shares are offered
as a

Incorporated

was

Feb.

to

Agent—Registrar

Jersey City", N. J.

and

Transfer

Co.,

15

Exchange

'

company was
purpose
of exploring

'

organized

for

oil

in

Delaware

March

and

gas

The. corporation
lpore

or

ship

2

may be

owns

oil

and.

"■

I';

t(p

r

as

it has

corporation has been advised,,
geologist of Tulsa, Okla., that there
of an elongated east-west fold
_

deuce

recovnmend

•

New
the
au

company .has

rate

well

to.the

sufficient

surface

of

$1,000,000

America
sums

4 V-i '<<.

The

at rate

bank
of

loan

3%-.t*-V.

and
of

in
of

under

$333,000
two and
$333,000

168, p.

and

Bank

$334,000,

three

years,

matures

1578.

in

.

of

the

(o

a

Bank

will

&

ex¬

public

customers, and
Association,v the

Users

utilities.

It

sells

-secvice

gas

and industrial
customers,, During
aproximately 741;. of revenues ;was
approximately.26(1 was from.the

Co.

of

on

currently

obtained

by

between

agreement

Trust

to the

stock, nqw

must

be

outstanding

the

the

company

company and
dated May 14,

.'Pittsburgh,

"may

by

the

from* operations,
company from outside

program

include

and

as

further

now"

credit

common

of

bonds,

thereof.

,

agreement,,

,

■

,.

!

mtoro.

debentures"

of

mtge.

bonds,

"Unlimited

to*,

earnings
•

/*

5

•

be

and

be

so

'

:

further

TO

-

borrowed

under

the

from

credit

the

stock

or

par)

any,

PRESENT-FINANCING

Outstanding;
."Tlnlimile'd;/.'$t.5091000

,

but

provisions of ,the

(Continued

issuance

mortgage.

on

•

r

stis.

page

2,500,.000

•

limited

1,140,000 shs.

by

property,

.

7)

-

.

^
c

"

*

R0pi?pVt^'

n

J, Sf

and Members of P-®*

.

'•

t

-

^

»

"

-

•.

f

,

155,945 shs.

1,500,000 shs.

—

^ith^a_statistfcal
Wili'ia^„
Jal

.

sale

combination

Authorized

due. 1976

to-authorization

other

to which,* it
may
by which ttawill
program'and the

*

EFFECT

-

series

preferred

3Vs%

(no
as

borrow

obtained,. however,

series due 1977
^Unlimited
pfd.; Stock"($2.5 par)__——" *
300,000

stock

to

nor the; megns
its construction-

may

or

.)
GIVING

-

•

bonH", P^'> >'<■

$1.10"cum.
Commcn

'

the

position,- afteri the

slock,-through bank loans; through Ahe issuance

•

CAPITALIZATION
•

contemplated

-borrowing under

to an aggregate of $4,000,000
under such'agreement.
determined whether,; oy; the extent

up

not

under'the

sale

&13)f

„

'

funds>which will be provided
offered

raised

construction

sources

v

,

may be furl her
periods of 25 years;

and

gas

be .applied

in addition

the

Such

needed

as

i"t,

and-

.

its

Water

$3,000,000,

credit

common

complete

1949.

additional

and

respectively,
/

sale

1st

payable

of

-

term

." ' "•

.

aggregating

may

of

,,

year

;

and

finance, the ..cost, of the balance
repayment of-any moneys which
agreement.'. Additional funds

Trust -Co./

one

„

and

public

1948,

energy

proceeds

National

Company has

withi PruJ

&

gas.

anticipated that

borrow

M,

;

agreements

Commercial

Aug. 31.

electric

cvi-*

present for Mr. Rowley;
Wilcox sand.—V..168, p.':1578."

Buildings Co.—Loans—

borrowed

mature

cf

sums

acres,*

i'qr oil.Rowley,' con-'

The

of

agreement, since the company will "be In a
application .of the net. proceeds of this
financing,

tested

A."' B.

by
is

been

.

Insurance..Co...

interest

never

..

York. Two notes for
insurance company,

bears

1,240

Arizona.

1952,

Valley

certain

commercial

"

sources. to

being

drilling a,test,

Bush Terminal
The

of

in

successive

River

and

approximately $9,000,000

the-

less, of land located principally, in Sections.
19. and 20, TownNorth. "Range
"TT"East,,'Coal County, Oklahoma.'
This; land),

considered wildcat oil
land,
However, the

suiting

block

a

Salt

credit

W

in'

of

loans,

Mellon

through

-

leases

gas

sale

natural

It is

•

and

f

of

by' the

prospects.
has an

public.-;

Ariz,

Bank

-

:

the

gas
and the development of
likely,
It is qual'fiecl to do business in the'
Sla,te of 'J
office" in Ada, Okla, •
■
r
The authorized
capital stock consists of 1,000,060 shares
o( common
stock (par Id, of which
400,600 shares are issued and outstanding.
100,000 of the shares new
outstanding are to be delivered to the under-Writer
prcportionately- as ";he shares being offered > are sokl

oil

the

months ended

the

1948)

place,.-

for

to

residential,

during 1948 pursuant

V;'

8,' 1948,

1,

operating electric

Wickenburg
to

construction

-

.

an

PURPOSE—The

the

:

:

of

retail

the

p.; 542.

speculation.

Is

company

Town

restaurants, airplanes;
and^
itnY\qffT-p'*
the
air
in order
"charge
to.

notpccoi*\r
tn
is ...necessary
to
cancel odors.—V.

Plioenix,

Co.,

utility engaged
principally in the generation, purchase, distribution
and sale of electric
power and (he
purchase, distribution and sale,of natural,
gas in Mari¬
copa,,. Yavapai and Yuma
Counties, Ariz. It sells electric service at
.retail id residential,
farm, commercial and'industrial

are

hospitals,

io

Trust

in
accordance with Arizona
law, by prior affirmative action of threefourths of the votes
cast at stockholders'
meetings held'for that pur¬
pose.
It has no subsidiaries
and is not qualified
to.do business,in
state other than Arizona.
any
^ V;.'-FI

the

in

18

through *the

material

ill

«fe

Co., New York.

existence is currently limited
tended, from time to

—

common

1/ i

Eank

and;Irving Trust Co., New York. Registrars:
Valley National
Phoenix Phoenix, Ariz, and
Bankers Trust

.

deodorant

,

7

/

-■

(no par)

Transfer

$2,593,101 •!;.

17,540,802
as

6,421,330

1358.

—

•

Central Arizona Light &
Power Co. — Common
Stock
Offered—The First Boston
Corp., Blyth & Co., Inc. and
associates on Oct. 20 offered

$7,325,514

16,762,470

-

168, p.

$

132.035,755-,; 85,807,379
.5,376,176
* 4,394,537

'

'

i

Profit.
—V.

Brazil);.

S

147,382,015

and Fmancia1
Chronicle (Reg. U.;s.
Patent (Office) William B.
®Libert, President; William
Dana,
D.
Company,.-i-Publishers, 125 Park Place, New York 3, N. Y., REctor 2-9570.
Riggs, Business Manager.
Heihcrt •]D
Published twice a -week
[every Thursday (general news and advertiamg is?ue)!
JSa « „St-' Chica8? 3. P. (Telephone Sta^te
as second-class
matter
H Drapers'. Gardens, London, E. C.,
February 25, 1942, at the post
s.
England, c/o Edwards & Smith.. Copyright 194» by
American Union.
office at liqw Yo,rk, N.
$35.00 oer- vear: in
Y., under the AeJ; :of
March 3, 1879.
Domi«5ep of-'
Subscriptions in United States, U; S. Possess.uns,
NOTE; On account of
Canada. jfSi8.^)Q. per" vear, " Other Countries.; $42.00 per veara 't.
Territories
the fluctuations in
*.
V >
the rates of
', • *
'
•"'••• '■»•/-i-s:
exchange, remittance for foreign subscriptions and
-A.
advertisements must be made in New York funds. :
<,
,«
i
•'
'
5:*.-, t
p-k'
■*'




780,440

$3,271,034

1478.

.(A. M.)

..

above

as

principal /of Aer"a*sol is

Commewal

of

1 659,203

$232,432

_______

the

without

>

'■

lease,

125,000

completely-a. r-pondfUoped

holds

projected, into the ) at¬
mosphere. These particles permeate the room
and stay; suspended for a
longer period of time than diluted
particles from any hand-operated
spray.
For
this
reason
-the
company
feels
that
products in
the,
Aer"a"sol
line,
both
insecticides
and
deodorants,
have
tremendous •

is

the hearing started.-|-

150,000

-

It was announced
on
Oct.
15
United States L'nes
by the North

with

offered

6,560,463

the

earlier

2,881.553

$416,578

Ten New U.

the

$2,375,209 <$2,177,121

operating results
exchange.—V. 168,

small" particles

dential
agreement

10,395,972

194.832

97,067

ne

structure.
The a i condlt
nning .system was installed
.Carrier representative in
Bogota.

for*

significant

available

$3,935,672

*

"Good-Aire,"

operate
i

reached

matters,

the

Under

>

$21,314,803

80,712

12,915,989
1.999,844

time,; for

Atlantic &

Attorneys for both roads
announced that a plan for
evicie
idence during the
presentation of
hearing had been agreed "on and
no objections
Since there Were
it was
approved
Southern

;

refunding plan.
Henry L.
emphasized that
authority foy »
Southern
would
simply mean .that !
will return to the

Walker, attorney for the
Southern,
the
ending of service by
the
operation

i

$25,179,870

j

to

163, p.

Valdivi

Ok'ahoina,' afro

testimony

income

This

handled

of

research,

made

of

for-

.'i

revenue——

i

of

:

on

1948—12 Mos,—1947

*

Currier Coi'p.—Air
Conditions S. A. Store—

:

new.

.

Atlantic & Danville

ACCOUNT

Co.,

Inc.,

this

(Nev.)—Files With SEC—

amortiz.
charge.1-__„_I/

other

,

!

INCOME

1,090,299

(net)

deduc

applic.

-V.

•

operation.^.__

The

of

SEC—

Balance

le«s.

1943

net ' revenue

Transfer

company's
purposes
and

expendi¬

par)

1.425.697

•

approp.

Income

& other

Divs,

Bridgeport Brass Co—Announces New Product—

Nov

used

be

;

capital

,

New

tho

for

xi ed

was

(no

1943—Mouth—1947
$2,282,917'
$1,846,945

revenues_„-

income

GroSs.

from

the-

sai.d

existing

with

and

& ;

Co.
/,

loans

193,862
res;

oper.

Cther

est.deprec,,

and

rates

age

in

Rogers

Bank, and a director
Northwestern Terminal

registration

from

j

j

M

<% Cn,

San

Co.—Registers With

CONSOLIDATED

.

Pro¬

Steel

Reduction

result of

a

filed

will

r

of

Equipment

and

taken

they

438."

p.

the

stock, series
Blyth & Co., Inc.,
Francisco,
Proceeds will

Witter

bank

common'-siock

taxes

Net
•

shares-

■

Air

Inc.

oxygen

(F. EA Co., Inc.

exps,,

sales
year.

of

registration statement

of

revenues

Prop, retire,

for

!

Merchandiser and

a

Opeiat ng expenses
Federal taxes on ineo

^...

convertible

preferred

that

by

Co.,

be

as

The

.

128,450
lor

convertible, preferred

Dean.

1578.

Per od End.
St-pt..3C-—

Other

v

Works
14

Koppers

NOTE—The

Ex^

14

share's

Cperat.ng

Stock

England investment company.
capital.—V. 168, p. 1252. ,1

Oct.

on

and

accumulated,

Estimated net

8

by

■

are

payments

p.

V.'.-'

.

s»

>

-

Preferred

27

5%:

stated

K.

capital

the

named

of

that

*1948—Month—1947

.

manufactured

beer

this

betterments,

expendtiures

f.

—

Sept.

expired

Johnstown

jointly

Co..

company on
Oct.
for $200,000 5-year

Oper.

.

oVer

.

Rogers, of Minns-; |

C.

any
Short-term
bank .Joans
bonds.—V. 168, p. 1357.
;

the

the

furnaces.

Gross cyu'uing.s

at

j

168,

Oct.

;

the

Borg-Warner Corp.—New
Export Contract-—.

beganv,

1946
designed

*

filed

competitive

additions

for

treasury
to

$6,000,000

11

Underwriters—The

property

blast

Aggregate

;

Oct.

Corp.;

Brazilian Traction, Light & Power Co.,
Ltd.—Earnings

Associated Telephone
Co., Ltd.—Registers With SEC—
The
on

of:.

sev-,-r

1750.

P-

(including Subsidiaries, Operating Public Utility Services

and'

1577.

is

company

Miss.

Month of August—

.

in

cumulative

Sales

Fran-

Company

high

•

Farrington of Minneapolis,
Richard G.
Brierley of Minne-* <
J

and

Vice-President of Northwestern
Superior Separator. Co*, Home G
ad
V. 168, p. 1038.

"

i

.

.

.

last

'

Miami

and

network

equipment

p.

Vice-President.

Smith, Cleveland,
Vice-President.

American

155,

late

officer

for-the

342.*

new

York,

Mr, Archer joined the
company in 1945 as Grain
was
transferred to the linseed oil
department

SEC

Rights

working

'9,68',*,

or

new

240,000)
240.000
been made whereby, export ;
240,000
240,000
Earnings psr share.j,:.'• ' ,$1.56
$1.27
Inc.,' of Muucie, Ind., will
$4.38
$4.02
"After charges and Federal
International Corp.
taxes.'—V. 167, p. 2682.
v
J. W. DeLind, Jr.. President
of'International, says:.v"Export interest- .'.,
in a complete line
Caterpillar Tracter
of water pumps for automotive
.replacement and
Co.—Earningsequipment is at .an all-time high due .to
Period End. Sept. 30—
shortages of .this type of
1948—3 Mos.—1947
equipment which existed during and
immediately after the war."
Sales,-11.:-—$24,171,292 $17,441,265 $57,232,924 $41,649,652
Export boxing for Warner Machine Products will be
Profit
handled
by
2.659,005
1,239,370
Bora-Warner International at its
4.580,803
1.848,570
Auburn, Ind., boxing .plant.—V. 16c-,'
'Nine Months Ended
Sept. 30—
p. 1140.
1948
1947

Pan

.

a

be

'•

Airways

some

'

I

kilowatts,

made

with the SEC
covering
plus not more than 17,500
additional
shares
wli'ch
may
be purchased in
stabilizing the stock.
Electric Bq.nd
'Share to. .(parcn*) Is.dispbsing of the shares and
ha t
a <ked
SEC/permission for sale of' stock
by means -of a negost-iatedysalei to ;undcrwi?iter:i/7,.'_ ft
i!

It is announced that
arrangements have
activities of
Warner Machine
Products*.
handled by Borg-Warner

in

'•'■v'1'..1 '■

Co.—New Directors, Etc.—

Vice-President,

Assistant

Werner
ccutive

the

Archer, Jr. of St. Paul and
been elected directors.
Carl

elected.

as

The

168,

Archer-Daniels-Midland
das

both

Airways.
and

On

350,000

a'

with

by direct lines.
Department of the A.
automatic teletypewriter

Laboratories,

succeed. the

.:

/•

established to serve Pan
American's Atlantic,-,
Pacific Alaskan
divisions. Radiating from each of
of lines to
airfields and offices in the lire

American

Telephone

apolis

at

identified

executive

Aeolian

$10>

designed by Air Reduction
Koppers company.

underwriting.

teletype¬
81-C-l, can handle automatically a
greater
more
speed and efficiency than
any previous
Department stated. :
\

centers

Pan

at

web

York

new

between

"

been

a

..The; Long'Lines
planning
Bel!

ur

American and

these
it

Lines

-

networks,. this

the

messages -with

the

Three

iiatin

matters

offices

Designed

been

p.

on

the. highest

14,510

Scliwabdcher & Co.,

Carolina Power &
Light

designed and constructed in this country for (the
»;'low-purity oxygen for use in blast furnaces has com- *.

industry.—V. 168,

SEC

$8.20.

communications-netwovk,. incorporating new developments* *
teletypewriter .switching
apparatus, was placed in, service for Pan
American
Airways, Inc. on Oct. -21 by the
Long Lines Department of
the American
Telephone & Telegraph Co."
The new
system-, which is
entirely automatic, will be
used, to relay messages
concerning reserva—•"
lions, operations, and other
-

to

nf
of

average

plant

of

Steel

Booth

in

American

added

announced

in

steel

j
r;

has

to,

an

the basis of

a-private New

and

.

(par
on

was

blast

outstanding;—^Includes

;to,; cuiry-back

been

the

record

output of the plant will
experimentation in the use of

169,930,409

(pertly estimated), (-Includes $7,519,000

due

of

underwriter,

The

$9.94

1

writer

to

operation

was

by the

§174,663,633

218.520,987

•

,

be

first

plant

4,733,224

$1.67

■

A

Tcnn.,

offered

would

menced

53,858,'231

6,409,402

35,233,782

refunds

1846.

New

be

held.

in

tures.—V.

.

pro¬
portionate interest in net
earnings of Western Electric Co. and
all other
subsidiaries not consolidated
account

of

shares

part.h!

used

the

•

share

Memphis,

The

228,521,864

224,930,389

J.40

gh.

he

Vice-President

Corinth,

to
25,000 shares
preferred stock at- par,

production

32,229,337

54,622,247,

——

ot

of

Bethlehem Steel Corp.—New Plant in
Operation—

'' i

196.292,477

306,207,235
81,276,846

minority

Applic. to A. T. & T.
Co.

$

by

- increase
1947.—V. 168, p. 1252.

Underwriters

be

:

stockholders

80,000

(par $35).

Net

66,997,348

16,321,481

interests

firm

President

has

Senior

Director

a

-

common

ceeds

239,209,887

52,364,737

22.765,146

Vice-President

as

Corp. and The Aeolian Co.-—V.

common

B

data

income

also

White

and

The

deductions-

..Applic.

41.150,166
11,214,571

16,455,449

which

elected

Mr.

subscribe

Co.,

REPORT

been

years

Motors Inc.,

Bethlehem

(net)

with

-

each

companies.

■$.

period

of wholesale)
23, " 1948,
a
28',*

ended Sept. 30,

Co.

1943—12 Mos,—1947

$

62,667,025

income

.mterest

"

inc..,

income,,

oper.

EARNINGS

President

the

ail

^

30,

'

■

class

657,167,571 567,104,570 2,518,068,200
2,140.096,596
521.820,421 467,218,321 1,998,373,490
1,701,995,673
24.790,062
]4,880,737
95,359.983
74,746,297
47,890,063
43,855.346
185.124,837
167,062,149,"

expenses--

taxes

subsidiary

1C48—3 Mos.-D947

$

Operating
Operating

of

32

is

Pinno
■

would

Period End. Aug. 31—

Fed.

to

has

for

He

years.

Tho

pro¬

undistributed

to

inv/>1ii<:iuA
(exclusive

used

months

California Water Service
Co.—Registers Preferred— company on Oct,, lq- iiled, a
rcgistratiqn sttUemfUt whh the SEC

D

the

Lawrence.

Offering—

47,776,115 199,110,000 187,288,997
$2.31
$1.74
$8.70
$8-20
"Figuies for September, 1948,
partly estimated.../tBased on average
number of shares
outstanding.
fDoes not include the
company's
interest

in

years,

heading

.White

W.

V:

share-—

per

portionate

Lee

American

51,550 000

—

vEarnings

previous

Sept.

Elwortby &

.

of real estate, mortgages and con*
department and supervising all functions.
assumed his, new duties on Oct.
18.—V.' 166, p454.

company

eral

31,521,461

192.460,000

16

Griest

Richard
the

Br7,473.

■

52.820.000

«alnc
isalcs

customers

12

.

months

increase

The

Bankers Commercial Corp., N. Y.—New
President—

12,725,155

44,730,000

past

Berry

income

.Dividends

Mr.

11,010.308

46,687,621 237,190,000 202,062,464
9,693.624

the

(exclusive

on

months

'

,

charge

the

struction,. -later

19,535,000

400.000

deduct.ons

$Net

202,979,803
145,217.513

17,290,000

60,000

——

(net),,—

income

Interest

Co.

for

162,127,800

3,ISO,000

operating income,

Net

Assistant

1948

Fidelity-Philadelphia Trust

27,216,932

36.111,189 184,680,000

taxes,_

3,713,000
2,715,456

Other

■

53,050.060

appointed
Sept.

of

as

12
an

.....

.

been

Mr.

40.370.000

income-

on

has

company.
Griest retired

'

2>

i-'ed.'taxes

Griest

the

.

Rankers Bond & Mortgage Guaranty Co. of America—
Official Appointed—
>

i

.

ACCOUNT

of. the

demand

covering

wili

practicable.

INCOME

for

norind
\Rpfriil
period,Retail

Residential

during

,

New
COMPARATIVE

$7,478,977
September 1948 were
September of 2947. c-4

of

for

.

Addi¬

and

for

month
those

kilowatt-hours,

1047
1947

21/;i.

kilowatt-hours'

kilowatts

$56,078
$235,963 •?
$125,347
Earnings per common share for the four months ended
Aug. 31, 1948;
were
$0.24, comparing with $0.11 in. the
corresponding four months'
of 1947, based qn 18.3,215 shares .in
;bofh peHQus.—V. 167, p,..646.

which

time from Boston to Richmond,

son^e

Profit

.

' 3,385

the

over

,

1947

1 :.

ending
September
they paid an average of 1.690
cents per kilowatt-hour.
The system's maximum- (demand far
the 12
months ending .Sept. 30,
1943,,,of 164,430 kilow-atts recorded On
Sept.. 23rd wxededed

4,170

45,000:

57,500

for

11';/^

h

1948

r

$8,'523,865

ullchuses. of customers
totaled 694,698,889

,1948 l'cr wnicli

:.?■ $283,320,

v

>-4,063* ;' -4,000'

v

of

tq

'i'.^jiolcsarey,"Increased
°

$.449,982

4,000

10,208

)

for

•i

14,057

;

$163,284
■1

Interest.■

1947.

$43 5', 924

deprec.

a.bd; interest——,_u.
Depreciation ~-i~,
:

total

$97,071

36.010

'
^ ^•
J—__»'■

.

b

iepding September 1948
or' ,1 I.(j.
Of -11^" nVtti) "-(.hOx/V inrVthp.
over ' those
lor'; the

.

_

$127,274

-

(net)-—

r—

increase

an

-'./ Sales of ele.etvicity

Co.—Earnings—.

30—

revenues

■Qrcrs"-'operating.'revenues
$749,498,

S'o-e

602,608

\

•.

,

_

$923,892 " $1,33-8,5*2

Power

Ended Sept.

"Gross- operating

midwestern

lias

Monday, October 25, 1948

1945 v"

-

N0)tY-

—-

may be sold to employees.
Approxi¬
currently being purchased by employees under

are

offering made in the fall

A

of

$217,000,000.

company is proceeding with a second offering of shares of
tal stock to Bell System
employees under the Employees' Stock
authorized by stockholders iu
October, 1946.
Under this plan a
of not more than
2,800,000 shares

FINANCIALCHRONICLE

'

company's $357,532,000 24+7*..convertible
debentures of 1957, about
have
been converted
into
stock
of the company smce
'March 1.
The conversion
price is $140 a share,,.payable by surrender
of one $100 debenture and
$40 in cash. Total conversions of this issue and.
of the convertible
debentures of 1961 thus far amount to

':>150.,000,000

The

Aug. 3iv—

sale'.-S-'L-—

Cost

subsidiary

the

&

-'X"

"

Austin, Nichols & Co., Inc.

further im-.

•

—

.

;•

,

'

'

,
.

•

CHRONICLE

privately in September,

Corporate issues placed

corporate issues brought
out •' in September
$481,588,369,
compared , with , $260,7,00,941 , in
August and $380,544,595 in September, 1947.
The Sep¬
tember total compares favorably with the monthly aver¬
Total

the month's
money

con-*

bated

sistjng of 15 separate .issues, aggregated $146,675,000, or

months of 1948.

30.4%i of the month's-total.

For the first nine months:

Sep

2

Ithis -Iyear,, issues placed through tne private route
added up ;to 272 (for -an aggregate of $1,698,158,7.50, or
37.$% of the corporate financing for this period.
Com¬

Sep

9

Sep

16

of

Of

financing $455,831,088, or 94.6%, came under
financing and $25,757,281, or 5.4%, refunding.

parison

Sep

15

l

Sep

1

i

% of

Sep

]

Total

Sep

1

15

;

142,155,000

33

Amount i

v

September
August __-J.

S.

<2,94,500

3,294,500

716:594,100

716,594,100

Total

for

for

Investment Co. 2%%

9-year loan.

utilities

with

lead

50.2

15

*

■ilNTRA-GOVERNMENT

Total

$442,-

September 1947.

V

;

OF

Total

t50.000.000

625,552,000

672,707,000

97

*5,000

575,552,000

141,000,000

20,050,000

120,950,-jO

20,929,500

50,540.000

120,610,500

170,920,500

70,530,000

100,339,500

:*■/

$'

_i—

for July

-

Total

367,439,374

260,909,489

1103,335,204

14,091,51(1

' 559,972,304

180.343.825

594,606,395

•97,041,541

691,647,936

for

August

September—■"

i 365.000.000
3'4,'484,000

40,000.000

325,000,00.1!

25.715,000

8,769,000

399,484,000

65,715,000

333,769,00'+

for'ninp monthsl— 20,609,976,500 18,344,113,000

2,265,863,500

Certificates

Notes

—-2—.L—,

Total

;

$

'

Total

310.723,947 ,}, 139,824,303

450,548,250

129,503,023

.

;

•Comprise sales

of special series: certificates and notes; certificates
Adjusted Service jCertfjcates; Fund and Unemployed Trust Fund
to Federal Old Age and Survivors Insurance Trust Account.

253,874.054!

sold

to

,271,362,410

3,18,978,811;

and

notes

307,169,645

147,616,401

I

•'

■

119,204,001

134,670,053 "

130,923,5€6

364,744(693
211)267,383

Scp'tepiber.

for

'.

1

-+1946-

Refunding-

Capital-

!

f.?-

'

2,590,000

—-I__.

Total

New

J.—

Notes

!,:% \

!

.

-

Total

Refunding -V

New Capital

545,880,788

436,672,668

.Lj 1,505,336,557

First quarter

May

374,080,8741

(~

—

June--

4,088.750
28,896,829:

595,307,115

——

311,789,477

376.314,120

78 214,460
< 3-19,497,872

454,528,580
531,164,539

289,889,643

'211.666,667

188,633,528

671,103,991

518,608,778

213,807,327

732,416,105

314,559,864

350,651,431

665;21L,295

751,977,258

!

.

1,531,813,781

Second quarter
;

>

196,921,136

•July—2-——-

404,655.336

14,724,735

August

258.610,941

2,090,000

September-

455.831.088

25,757,281

months--

3,234,071,474

369,051,533

304,261,824

367,632,081

104,757,-061

412,389,142

;

122,187,231

380,544,595 A

171,098,753

146,341,925

317,440,6781

)

392.874,893 -1,291)349,461

907,782,367

702,592,565 1,610,374,932;

239,493,152. 4,485,740,855 -2.757.041,391 1,278,977,625 4,036,019,016

2,012,654,879

674,870.543

27d,684.761

73,168,350

343.853,111

554.347,159
83,126,999 1,009,294,814

589,877,742

86,315,940 i

676,193,682

483,316,787

156,800.417

481,588,369-

258,357,364

,

598.947,623

84.068,960

926; 167,815

L-

113,297,492

691,223,083

figures

•July
of

THZZZT—

i.

Twelve months

instead

^

!

!,

corrected to include
(
tRtvised.

,

additional

Westinghouse

Electric

'

'

•

Corp.

During September, 1948

;

804,52!.,175

Than Five Years)

c*

;

7

RAILROADS'

■■

,

,

13,&0d,000 New flfcrk Central

have been $80,000,000 ;
.. i
'

'

1

.

-

.$6,609,0Q0, Chfcago ^Jil.waiikce St., Paul
Pacific KR. 2xArM equipmcnt
'trust? certificates series FF due,
seini-annually
; ,
April- I, 11949-Oct). 1,: 1958. ■ Pui peso, purchase of equipment.
Priced to; yitdcl] from 1.50% ";t« 2.50% according
;
«... •
: to ..maturity; Offered ;by Harriman Riplpy & Co., and
,,j
:
" 'Lehman Brothers,' ' '
"t j

272,781,782 1,824,567,968

which should

debentures

.

.

'

...

3,564,441,065 3,08.7,628,616 6,652,069:681 ;

4.752.435.028 1,522.096,504 6,274,531,532

$50,000,000

$30,000,000.

Fund.

Details of New Capital Flotations

.

•'.

r

243,il8,879 2,238,512,516 1,551,786,186

1,995,393:,637

-V-

quarter

Retirement

Long-Term Bonds and Notes (Issues Maturing Later

*2,814,846,834' 4,827,501,713

<

Fourth

;

;.

(75,922,920

470.278.199

November

■

brought out in that month." :

820,545,112!

451,493.579

606,543,042

1.47,461,407

509,380,071
260,700,941

,

October-

December

Service

1,104,872,512 2,112,254,269 3,217,120,781 \

8)86.102,732 2,744,669,555

1,858,566,823

42,572,01ft. 1,261 <669,38L< ~ 808,474.568

4,246,247,703

months—

Nine

Fund, * Foreign

Below we give complete details of the capital flota¬

;

123,226,255

1,209.097,365

Third quarter—

Retirement

System,

tions during September including .every issue of any kind

s—!—r

3.037,150,338

Six

682',652,434'

392,762,791

793,083,035 1,414,518,213 2,207,601,248...

1,106,589,565 | 611,519,659 '1,718,109,224

83,198,079 1,615,011,8.60

Savings

'

i-

'♦

Zone Retirement Fund,

859,737,519

624,203,944

50,212.500

562,425,792

Service

Alaska Railroad Retirement Fund, Postal
Government Life Insurance Fund, National Service
Life
Insurance
Fund, Federal
Deposit Insurance
Corporation,
and
Federal Savings' and -Loan Insurance Corporation,
tNet retired.

697,736,056 1,009;,525,533 r

274,583,072 1,026,560,331

612,638,292
078.169,624 J

113,723,057 1,,G19,059.614

April

.,

Civil

Canal

March—-'——

1,256,203,000

on!

amounts

different- monthly

—■—1*1947—
Total

364,849,374

-L,

50,000.000

47,155,000

„

Certificates

.

February-;

18,110,653,000

August—

corporate financing.
Revisions of the 1947 and 1948 fig-'v
ures may)be necessary) particularly as additional private;-

x

Refunding

$

$

$

19,366,856,000

Notes

CORPORATE FIGURES BY MONTHS 1948, 1847 AND 1940

1948

—

months—

672,707,000

July— '
.Certificates

;

showing the

1946,

ary,

.and'!accessories, etc.,

SUMMARY

January—

six

municipal issues aggre¬

1'-.: Below we'present a tabulation of figures since : Janu-"

,

Capital

for

Net Issued

Retired

$

44.7

with $286,793,047 "tor August and $277,694;429

financing is brought to light.

New

FINANCING

Issued

1948 municipal'issues
totaled $2,126,348,720, compared with $1,949,562,691 for
a
likei period, of 1947:
Of the 1948 total J $2,055,434,815
represented new money and $70,913,905 refunding] r i
|

$449,-

oil

miscellaneous.

equipment manufacturers, motors
.

36

F;of the first nine months of

849,300 and all other categories,! such as hop and %teel,

$204,847,100.

1.132,566,54y

7,725,914,820

44.2

281,117,000

compares

and

industrial

other

$447,426,000;

railroads

607,040;

40.4

45

For the month of September,

Of this total public

$920,95^,003;

for

21.5

30
45

gated $119,749,201, of which $118,485,288 was new money
financing and $11,263,913 refunding. The September total:
for

$2,020,052,333;

accounted

manufacturing

8,800,576,000

9,933,;142,540

nine, months--

v

$4,485,740,855.

up

:

81,225,000

164,285,000

total corporate

For the first nine months of! this year

emissions footed

23.9

72,202,997,820 64,477,083,000

September

35.2

1

306,148,750

shares of 4.50%

260,000

!

247,630,000

February

411,708,94+

aioU*s„„

Total

2'7
26

May

April

preferred stock (par
$100); $56,000,000 bonds and debentures of El Paso
Natural Gas Co.; $32,500,000 20-year loan of Lone Star
Gas Co.; $25,000,000 Indiana & Michigan Electric Co. 3%
first mortgage bonds, due 1978 and $20,000,000 Associates
and

r__L_.

909,000

3,505,374,000

411.768.940

Tajc Aiilic'u notes-

Depo.si-tary

i

'

179,263,000

June

3.5f 5,374,000

bds.-

Savings

30.4
54.5

149,660,000

July.J

$75,000,000
Pacific Telephone & Telegraph Co. 35-year 3%% deben¬
tures, due 1983: $86,000,000 of securities of R. J. Reynolds
Tobacco Co., consisting of $60,000,000 3% debentures, due
principal issues for the month were:

The

1,001,528 000

'/a-yr. Treas. notes

U.

t

Issues

$146,675,000

Month—

money

1,000,566,000

1,100,616,000
1,100,616,000
'1,000:796,000, 1,000,793.000
1.101,696,000
1,102,605,000

bills

day Treas.

$

3

1.000,566,000

jday Treas. b'lh
91; day Troasi bil.s
91

Indebtedness

Refunding

'1,003:523,000

91

91'day Treats, bills
91 day Trees, bills

No. of

same pattern for
greater than ; re¬
funding operations, with the exception of May, 1947.'

months showing new

26th

New

.Accepted

Sep 23,
Sep 10

follow:'5

with the previous months of 1948

of'financing held to the

Thus, the trend

1973

Total Amount

Type of
Security

.

$

'

the

(1687)

.

age" of $498,415,650 for the first nine
new

FINANCIAL

&

Capital Flotations in the United States During the Month of September
And for the Nine Months of the Calendar Year 1948

The

totaled

COMMERCIAL

THE

Number 4745

Volume 168

'

due, 'annually

.

equipment

2\s%

RR.

Sept.

1949-1958.

15,

ti:ust certificates
purchase

Purpose,

of

equipment. Priced to yield from 1.70'.' to 2.80% accord~'r1 ing^t'o'• $idt(irity.j•• Offered by Harriman Ripley & Co.;
'Lehman
Brothers; Eastman Dillon & 'Cq.; White, Weld
-

_

•'

"

Treasury Financing in September

-

' j : ]

*

1 announced
Federal .Reserve 'Banks,; of

Secretary of the Treasury Snyder on Sept.
the

through

the
1%% Treasury Notes of Series A71950, open on an ex¬
change basis, par for par, to holders of lJ/2% Treasury
Notes of Series A-1948, in the amount of $3,747,702,000,
which matured oh Sept, 15, 1948.1
$3,595,374*000 of these
Notes were exchanged, the balance., being redeemed in
cash.
$450,978,000 2V2% Treasury bonds of 1948 ma-:
tured on Sept. 15, and were, redeemed Jn.^cash;
b
Secretary of the Treasury Snyder on, Sept. 20 an¬
nounced the offering, through the Federal Reserve Banks
of 1V4% Treasury Certificates of Indebtedness of Series
G-1949, open on an exchange basis, par for par, to holders
of Treasury Certificates of Indebtedness -of Series J-1948,
in the amount of $1,353,966^000,! or Series K-1948, In ;the
amount of $1,467,076,000, or-Treasury Notes of Series
offering,

B-1948, in the amount of $4,092,050,000, all maturing Oct.
1, 1948.
Cash sijbscr.iptions ..will, not be received.
The
results of this offering will appear in these columns
..'

i-V.;

'V,\ J.|... v ,+ i. }. , ; ,;y i }.
\ The Secretary pf the Treasury announced on Aug. 13
that all outstanding 2% Treasury Bonds of 1948-50, dated
Dec. 8, 1939, are called for redemption on Dec. 15, 1948.
There are now outstanding $571,431,150 of these bonds.
next month.

t

r

-

Secretary of the Treasury Snyder announced on
18 the details of the new

Aug.

Treasury Savings Notes, iSeries

Date
j 1 :
v
1
tOffered ]Date<l -l
'

_''

'

-

1

v.

:.

i :■

-.

1

......

Aug 26

Aug.' 31.
September; outside of the
above confined its operations to- the .usual weekly- sale of
Treasury bills, Savings Bonds, Tax Administration Notes
and Depositary Bopds.
\'\ > ! : ! j, j
A I •
' ;
We now present our usual tabulation:;'
|

Amount;

;

i
t

"

Price

Yield

802,692,000

99.748

•a.997

906,388,000

Applied for

09.745 +

/

$

91-dfiy-o »v 1,707,403,000
1,608.398,000
92 days
1,447,533,000
91 days
1,493,468,000
92 days

t

'•

■

<

\

$

473,4r93,142

4 10615? WS.:-)
; 12 years

Aug 1*3! (Ayg/
Aug 1-31 -Aug

STATES

UNITED

"
Dated

j'
Total

for

TREASURY FINANCING

)

Amount '
Applied for

..

Due

six

1

months—'

;

i

DURING

-Amount

|

Accepted

]

$
45,589,866,775

—

-

-jl.948

Aiuvi

■
i
Price < Yield
' • > 1 ■; : </o
- •
' '

;

2 years

Jun

25
29

July

9

July 16

July 23

July

1

91 days

1,777,999,000

1,101,696,000

99.748

*0,997

July

8

91 days

1,802,239,000
1,655,491,000

99.748

*0.997

"t

&

Co.,

Inc.

'11,050,000 Southern

..

series

for

a

v

r- i

52,881,200

:; +!

2;

Y

.

7

■

t

•b

100
-

i -y

*

-

Aug 27 i

Sep

Sep.

91

2

Aug 31 i

9

Sep

Sep

10

|Sep

16

17

Sep 23
Sell 30
'I. Sen. 15

iSep 24

'Sep

■Sep 1-30

Sep! 1

sSep 1-30 Sup1 ^>

Sep

l-3j) Sep

1.614,413,000
1,597.589,000

1.000,566,000
1,001,528,000
91 days
1,685,104,000
1,100,616,000
91'days
1,397,986.000 ', 1,000,796,000
91:dnys. 1,410.855,000
1,102,605,000
Vk yrs.
3,505.374.000
3,595,374.000
10-12 yi'S. 1 ! 411,768,940
'411,768,940
,'<12 years-'
3,294,500
'
3,294.500
3 years
716,594,160
716.594.100
days

91 days

.-

1

"99.728

for

a

?

100
i00

(

•

a

v.'

Tot;al for pine months—,72,202,997,820

on

discount

a

basis,

12-year: maturity,

a

&

.c

Co.;

■

j

•'

••"r

«•

Y

\

"

!

Security

Accepted

Q,

195-8.-

15,

El Paso Natural
series' duo, 1968.

.

-

-

Refunding

,

,

,

July

1,1011690,000
1,101,588,000

*20,OUU,000

Price,

El

>8

908.599,000

908 599,000

209i639,000

909 689,000

July

2,601)685,000

2,601 685,000

July

Ctfs.

of indebt.-—

1,078,583(000

1,078 583,000

Ctfs.

of

indebt.—

2,103,020*000

.

2,103 ,020,000

July 15
July 29

July

,1

U.

1

July

Depositary

July

!

Tax

s.

:

,

Gas

Inc.;

Rothschild

-

of

trust

certi¬

March

91 days

1,724,853 <000

908,590,000

99.748

"0:991

91 days

1,689,397,000

909-689,000

99.748

*0.997

1 year

2,601,685,000

Total
f

«

.

Aug

9
12

21

July

1

2,601)685:,000

100

1 Va

Aug

Jun

21

July

1

1 y.ear

1,078,583,000

1.078,583,000

100

1 VH

Aug 10

Jun

21

July

1

1 year

2,103,020,000

2,103,020,000

100

l'/a

Aug 26"

July 1-31 July 1 10-12 yrs,
July 1-31 July
12 years
July 1-31 July
for

July

2 years
;




1,67.2,717,063
a
1.672,717J063
16,106.500 100
16,106,500,.
140,082,600
a

140,032,600

12,539,674,163

100

1

for

;

_

pipe line

bonds 3%^

Life

with Equitable
Insurance Co.;
Massachusetts
Association of

Insurance

Co.

Indiana

2.96%<'.

•

&

1978.

of

Michigan
Purpose,

Offered

Insurance

Co.:

Northwest

Mutual

Life

$2,500,000

with banks.

Mutual

Canada;

Milwaukee,

of

($15,000,000).

16,106,500

Antic'n

notes.

and

Life

Electric Co. 3%
1st mtge. bond;refunding, ($10,000,0001; extensions,
100.79 and interest to yield

Price,

by

The

(Continued

on

First

page

Boston

Corp.;

Eastman.

6)

140,082,600

140,082,600

c

91

12,539,674,163, 10,710,768,000

f

;

day

■!■
V ..
Treas. bills

92 day Treas. bills
91 day -Treas. bills
92 day Treas. billsU...S. Savings bds.

a

Aug.

2

Aug

Depositary bonds—

b

Aug

Tax Antic'n

Total

for

802(692,000
906,388,000

,

1.82.8.906.163

802,692,000
906,388.000

900,595,000

T

900,595,000

1,000,376,000

1,000.376,000

473,493,142

.473,493,142
3.839.000

3,889,000

notes-

52,881,200

4,140,314,342

lowing

530,263,342

preceding,
comparison.

years ~
year

3,610,051,000

pages wje

w

52,881,200

August-™-—1

comprehensive tables on the folcompare the September
and the- nine months' figures with those
for the corresponding periods in the four
In ithe

.

of

.-.

3%%
convertible debentures
expansion of pipe line fainterest.
Placed privately $17,Life Assurance Society; Metro¬
Co.; Mutual Life Insurance Co.

Masachusetts

Association

Co.

v

1,672,717,063

^July

15.

equipment.

Co.

Insurance

York;

Life

etc.

16,106,500

Son,

&
F.

Purpose,

1963.

1,

Life

New

•due,

1,672,717:063

Mutual

Y:'-Y

Natural

Insurance

25,000,000

bds.

Co.-

Placed

,Price, par and
with Equitable

Sun

.

',

bonds_-

S. ;Savings

1

1

L.

'

1st mtge.

Northwest

and

Sept.

icdities,

of

•

■

1,101 588,000,

Halsey.

Purpose, expansion of pipe line facilities.

500,000

905 908,000

day Treas. bills
91 day Treas. bills
91 day.Treas. bills
91. day Treas. bills
91 day Treas. bills
Ctfs. of indebtl—

Gregory
Inc.}

purchase

UTILITIES

and interest.

,par

Paso

due.
!

',4.234,178,775

1,101 696,000

905;908,000

91

;1

Pur-

1.50%

'

Indebtedness
,

Co.,

Purpose,'

politan
July

mbnthsi-IJ 45,589;366,775 41,355.688,000

Si*

&

privately
Life Assurance Society; Metropolitan Life
/ j--. Mutual Life! Insv^rauce- Co. .of New York;,
Mutual Life Insurance Co.; the Sun'Life
.

,

..

for

by

Ry. 2 Va % equipment
$80,000 semi-annually

Gas Co

Milwaukee.

$
Total

1958.

from

Oflefed

Thomas. &

and

Erie
due

PUBLIC

FUNDS
»New

series

certificates,

to yield

to

Canada,

Dated

Co.

Lake

&

,>w

,

*$36,000 ,000

'

OF

trust

1949-Oct.'45,

yield from 1.35% to 2.40% according to matur¬
Offered by Halsey, Stuart & Co. Inc.

ity.

,

USE

to

Merle-Smith

&

$41,750, 00,0.

at'74,

Total Amount

Dick

Prbssprich & Co.; Bear, Steams,

R. W.

Weeks; Otis

scries

1949-Sept.;

)

Priced

are

Type of

Inc.';

Hirsch &

Wheeling

1,600,000

ficates

and yield 2.53'+' and'series G
sold at 100. and bear 2 V2 'b interest,
b Comprised of separate issues designated Treasury notes of tax se'ries
C-1947, C-,1048,. C-1949. and C-1950.
Series .C.,earnings, about
]The sale (of these bonds: was discontinued on Aug. 31;. ,c Treas.ury lutes '
.of
series! D i began -.Sept., J,] 1948! and interest accrues each month.
If held to maturity of 3'years interest approximately ;l.40'/« per pnprum.
sold

Co.;

&

First of Michigan Corp.; Graham, Parsons & Co.;
E. Pollock & Co.; Inc.; R. L. Day & Co.; Freeman

iWrtii

-,
"■

.

Cd.

&

Purpose,

Co.;

:a.

•Ayerage rate op .a. bank discount basis, a Comprised of three sepa'rate 'series, :of which; series ,E have ; 10-year, maturity, are'sold .on a
'discount .basis .at.75] and yield 2.90*ti ; series F have a 12-year maturity,
have

Peabody

semi-annually April 15,

Hornblowcr ,&

•

are

'Stuart

certificates

by The First Boston

Offered

j& <po,) Equitable Securities Corp.;

j; %

trust

Priced to yield from 1.60%

maturity.

pose,\ purchase of equipment.
Priced
to
2.50%
according
to
maturity.

*

9,933,142,540

September—--'Ji—

Kidder,

due

OO

!

•1.075'

4

99.728 + •4:076
99.726 +•l'.083
99.724 $ +ll092
99.720 •klO-)
1
100

,

Total

' : Corp.;

.

equipment

;;;; '.- and Lqe 'Higginsop Corp.
?
8,7.00,000 Southern Ry. 2 '4 % 1 equipment

4,140,314,342

August__i—

2'A %

Co.

according to

2.50%

'

-

Pacific

due, annually Oct. 1, 1949-Oct.- 1, 4958,

~ ".?>pu:f<!hapq pf equipment.

V

-

'

'

Schoellkopf,

Hnt-tqn & Pomerby, Inc.; Tucker, Anthony & Co.; Rcy'nclds &'Co.; Ira 'HuUpt & Co.; Rand & Co.; and Weedei;

f
v

•0:997.,:

3,889,000 100

52,831,200

1 •;,

Total

Jun

Total

i& Co.; Paine,. Webber, Jackson & Curtis;

;

I;,

*0.997

91 days

1,101,538,000
905,908),000

99.748

July 15
July 22
July 29

.♦

,

99.726 !

-473,4-93,142

,

.

July

Jun

;

:

t

99.7301 •41066
fr4<072 ;

900,595,000
1,000,376,000

3,889,000«

•

■

.Aug 1-31 iAlig $

luly 22
Date

i

:

.

The Treasury Department in

Offered

;

s

.

■

D, which became, available for purchase-pn Sept. 1, 1948,
and the termination of the sale of Treasury Savings
Notes, Series C, at the close of business

;
\.

.July 30
Aug -5.
Aug
6 i Aug 12
Aug 13 ! Aug 19
Aug 20

,

Accepted

Amount

Due '.]

-

thus

affording

a

five

37.814,0 59,27160 4,765,80

437,85140

Refundig 357, 1065 497 082 470,235

407,6290

30,1.0 5,670,35 43,2 5

Capit l 16,03215 9,830,840 4,295,645

30,28620

Total

812,60915, t4,50.0

$

$

-194

$

New

YEARS

SEFPTOIMVBRE

681,520 105,63056 25,10 859

Refundi g 645,921 75 607154,18

Capit l

$

Capit l 9,80, 0 183,25
$

2 0, 0

37,8140
357, 1865

57 98, 0

•

New

64,037,540 18,30 159, 750 ~2 67O O 86,~ 34~bio 3,~25076

60,0 0

14,26483 9,80, 0 9,578,375 2 0, 0 l673 245

40 ,0 0

4,3 1,345

460, 0

49,1,05 178,250 149,57 125 76,503795 3,~250~ 0

40,53 60 9,37,695
9,3 5,140

40 ,0 0

49,2850 13,709 40

16,082135

$

-194

Total

17.80 46,82.703 80,23618

40 ,0 0

437,851 40
407,64290
30,28620

$

New

271,420 368,150 18,30 0

1570, 0 681,520

26,1 30 130,78915 271,420 372,4150 17.0 0 10,632 15 8,175,0 41,62 30 812,60915

Refundi g 267,02 361,80 6,9 8,325 7O74,6 2,4 6,950 645,921 75

3,250, 0

23,56 38 60,154 18 267,02 365,0 0 40.36,475 7674,60 26.013~.li 706, 5793

Capit l 3,810, 0 6,35,0 1,301675 l701,0 13,05 0 35,60725

706, 5793 4,50 17,80 9,461.0

35,60725 45, 853 25,10 859

871 5,6

$

4,250, 0 17,0 0 83, 2615

1,0 ,0 17.0 , 0 49, 4 65

$

-1945

,

MOONFTH

60,0 0

Total

$

$

1945—

60,0 0

Refundi g 178,250 109,4576 67,126 0 372~5o76

12,6 481 42,87510

18,30 109,2 0 ~ 2 0, b0 72,9~57o6 3,~250~

30,1 0 18,3681 486,198356

Total

106,8512

37,421703

317,40678

38,45 0 7,340 760, 0

$

New

3, 8150

2,5 9, 32 70,5 4397 3,810, 0 7,365,0 17,0 0 61,296140 i7o1,60

15,6298 105,8 12

THE

Total

$

241,67230 54,28750 21,53982

Total

$

19,580. 12,05 0 1,79230 87,10 0 10 ,0 0 3,750, 0 7,30 , 0 241,67230

1,854,6 3

20 ,0 0 350, 0

704.074

60,146.83

12,5 958 75,6837 19,580 13,90463 1,79230 20 ,060 147,26 83 450. 0 3,750 704,074 19,82958 317,40678
'

Refundi g 145,07 625 ~3 6~7 50 898, 0

146,31925

38,45 0 16,290,40 760, 0

Capit l 96,5 675 53,86102 20,641028

17,098753

61,04960

Total 284,9350 2,80,0 69,41254 23,97,081

380,54 95

$

-1946

',

*

YSIntBafeRrDoc.UbisvdklupdmstEARS

431,9765028 SFTMOASHEFPNETRIVBR
MFUINACOPLRG GovfeOrhbmlPigNanBt.riuepnlcsawdk,
S

•

'r

—

898, 0

$

$

New

Refundi g 3,20 , 0 103, 0 9,6230 21,973 50 1760, 6 5,209,75 145,07 625

-1946

127,01 027,694 29

Capit l

$

New

Total

*.

$
-

:

Z">£
16,380 8,750, 0 2,10,0 65,126 50 10 ,0 2,05,0 2,09,025 96,5 675

410, 0 1,90 , 0

5,280, 0 210,6450

95 ,863

20 ,0 0

37,0 0 284,9350

2,0 ,0

60 ,0 0

785,24392001,8475 GONCRIOSREUTPPUFNWIHAEIED
CFGOOORFRLVPEEARIGNAMNTN,TD,
SEPT£MBR Z- Z :_Z iZJ agencis& fbSufotnamrtFuaodnfhieciyegpsddslSesryal Notes- manufctrig hoelditncg., Notes- manufctrig 1_Iholeditncg.,
Refundi g 10,92 0 2,0 ,0 9,0 4,731 262,50

42,01 0 487,1 6

12,87231

$
;

:

"491-

—

80 ,0

Capit l 174,05 0 60,47 83 23/14,581

258,3764

$

Total

*•-

-

381,05 0 1,50.0 37,4925 61,5014

62,430 19,74 201 2,0 ,0

•

:

~~7

62106,45,48737

65,7 0

25,7 281 __ ■ 62,430 1,263,913 89,451 94

Refundi g 13,250 12,53 281
$

-1948

85,0 0 27,0 31

481,5 369 " .

New

'

Capit l 367.810, 1,0 .U0 37,4925 49,02783

-•

18,4528 2,0 ,0

45,83108

$

1

New

576,31 76

SUOM AFRY

°F

Other

r

CAHARNTDE

$

29,0~

3,6450

Capit l 3,780. 0 108,370 2573 ,0
$

New

Total

$

3,50 , 0

410. 0 1,90 , 0

$

175,6 6

1,50 , 0

Capit l 41,750 209,5 0 6,30,0 81,0 0 2,50,0

1,50 , 0

26,750 367,810

New

146,31925

74,5028

92,805

5.280, 0 250,8 40

298,0 0 410, 0 2,50 . 0

60,19 45 150. 0

61,50 250

1,70530

6,706,931

J.

3,206,931 9,267,231 1,50 . 0 102,75.0

380,549

12?,87231

2,0

39,40 298,0 0 23,059645 150, 0

20,594319 83,542364 ;3,780 148,0 40 298.0 48,1465 150, 0 410;, 0 2,50,0 54,79 319 258,37 64

1,50 , 0

38.14,695 50 ,0 0 34,5025

25,871.49 9,053 69 41,750 257,641 95 6,80. 0 120. ,25 2,50.0 175,0 0 52,6149 481,5 369

i,

30 ,0 0

13,250

$

5, 7 ,475

16,380 9,705.863 2,10,0 "260, 0 125,73 450, 0 2,05.0 704,074 14,235483 17,098753

12,45 8
23,801250

6,0 ,30

60 ,0 0

20 ,0 0

704,074

60,146 83

39,40 298,0 0 29,1 945 150, 0

Ik

41,750 219,50 6,30.0 84,06 0 2,50,0 175,0 0 26,750 381,05. 0

Refundi g 10. ,0 3,05 ,0

2,80 , 0

20 .0 0 350, 0

2,0 ,0

10,92 0

34,20 0 174,05 0

1,26 ,30 3,20 , 0 104,98 0 9,6 2,30 21,973 50 17 0 .6

r

*

12,53 281
25,60941 50 ,0 0 34,5025

1,50 , 0

175,0 0

12,53 281 2,532 81 3,05.0

25,7 281

25,87149 86,52108 41,750 235,1094 6,80,0 17,05 2 2,50.0

52,6149 45,83108

Z ; bonandostdes stock bonandostdes : _ corpate GovernmIntterBaaionnklforegoivgernnmLtoGaannvd•M,unicpalc—iSteSs,P,toaesin toal fidginuncroelousdte OFSEPTMBRBoands ,utiles sctceeoopal,l,,manufctres :oiinduasntridl buieldtncgs, Invtertrsutamsdning,M,isce'la1nous ShBorot-Tanedms 1utiles sctceeoopatll,,,manufctres oiinduastnridl:ibuieldtncgs,i InvtetrrsutamsdningM,,iscelanous. utiles sccteoeopatll,,r,manuf acesoriinduamsatnnruifdcltrig buieldtncgs, 7InvtertshrutamosdldniningM,g'i,,celanous ;utiles sccteeootpa.ll,,,manufctresandoiinduamsantnruifdcltrig buieldtncgs, Intvrethusrtaomsdldnining,Mgi,s,celanous cosrepcuraitte

Long-term
Long-term
Corpate^T" tic—- Short-^mPrefrsteodckComstoonck- Candian- Short-emPref redComstoocnk foreign— Short-emPrefsrtoecdkComstoocnk
Bohiej

-1948

Rfeundi g 1,50' 102,750

367,50

■

"i.

'-

<-




'

Grand These

Total

Can dian

Other Farm

§

United

MONTH

Long-TermRailroads Public Equipment Moatonrsd
Iron,

Other Land, Rub er
Oil

Ship ing

K;'Tbtal

'

Railroads Public Irbh/. Equipment Moatonrsd Other

Oil

Land, Rub er Ship ing

Total

Stocks-

Railroads Public Iron, Equipment Moatonrds Other

7etc. fet.
Total

Oil

Land, Rub er

Ship ing

Total-

Railroads Public Iron, Equipment Motors Other

Oil

Land, Rub er

Ship ing

Total

M

o

o

w

W

o

0

D"1

3

C

as

cn

«

w

s

o

o

OS
CD

HH

521

co

Total

$

Capitl

New

Total

$

3.429,56 0 4.0 0 71,29.061 159,268

25,0

Capitl

597,06 604.28,9 5,0 0

Total

Refundi g 3,0671532 4,0• 396,02 1 17,36 05 25,0 0
$

1945

4,730, 0 162,05367 14,20

4,376285 7 721,860

90 ,0

21,035 309,82 0 263,5 97 7,490

48,6748

523,1210,0

284,9360 2,0 0 1 ,30.18 69,3287

90 ,0

Capit l 365,81293 321^460 142,5861
$

31,52 60

$

1,85690 1,45708 19.20,

Refundig 1,0925 0 1,398205 186,930.

207,49 7 129,750 10,2890 26,509720 4,32,0 32,57 10

$

Capitl 93,10 17,3850 4,270 3,0 .0 165,80 23 29,50 1,460 8,49028 6,05,0 37,02490
$

New

2.94,8310 38,125.0 962,078 71,835

126,950

-1946 Refundi g 2,1 40 453,287 4 73,018 29
»

20, 0 63,905 85, 234

7,50,0 " 10 ,50

126,950

$

2,1376051

760, 0

Totalis y

20, 0 53,920 154,8291

0 0 7,50 , 0 7942,50

"Vop,

10, 0 10,75 0 82,"01l3 97^31L5 45,0 0 6,816,375 231, 8 40 409, 0 54,301 75 10,4 0 21.3470 43,067.14 2,51 0 45,0 . 0 38,41.975

760, 0

50 ,0
-1946 Refundi g 573,09 874,02 59 34,69230 2 5, 6820 516,7 842 10, 59 0 9723 .0 28,1 602

623,980 1,07534 0 5,792306 13750. 417,058 589,60 17,340 41, 50 „16,320 1-05,9620

$

$

180,9345 1,85.790 1,543601

80,30

4,0 0

1,49305,04378086657,15229

4,0 0 85,74201 7,916082 2.0 0 47,95367 96,28452 14,850~926 175,86249 87,174

19, 6082 25.0 , 0 84,260.817 25.89,452 1,750. 49.850,926 10,3820 245,86249

4,0 0

80,30
4,0 0 73,26 30 6,4 ,02 237,50 18,0469 61,4 905 6,50 0 7,41960 413,2596

4.32,0
1.092,6780 1,5.46730 193,402 395,016 19. ,05 10,2890 3,09720 10,47 0

237,50

12,5 81 1,452,08 2176,50 286,94 28 34,8754 8,3507926 98,41289

93.10, 29.03,1 5,72 08 24/76^50 452,7 .61 64.097,54 1.46 0 16,841206 G,05 0 135.48,79

35,12 0 38,1250 376,8947 -26,15 109,25860 76,504 37,45310 6,502 0 12,59 30 1,021,801 12,63 81 340.756,91

50 ,0

2,50 , 0

$,076923,710513

1.921,34,35062857

82. 50 30,14.907 9.487,50 20,0 241/3~7951 52,71 53 !,5o "6o 9,8_23~540 60,725 3 48,6748

17,26 72 1,987,50 13.6904 10,3890 9,823,540 10.76,13

2,0 0

2,0 ,0

3,0 0 37,0 12 159,0 1,750 35,0 0 10,3820 69,0

$

-M

-■

Total

2,0 ,0

82, 50 12,98235 7,50 0 20,0 10756897! 42,63 85 !,5o 7o 50,649 0

S

New

-1.945

2 0? 0
10, 0 12,750 9,27982 1,987,50 29,015 10,3890 45rob!6o 9,1j23~540 16,892508 412,07985 491, 50 584.3982 19.87,50 453/726^5 95,83.90 2,51.0 46,50 9.823/540 9,06758.

750, 0

s

26,05 0 328, 4792 5,0 ,0

New

750, 0

Refundig 39,0 471,5396 10,4 0 15,0385 43,06714 2,51 0

-194

21,860 571,03 275,93 0

3,5461293

481,950 48,50 17,90 2 /750 85,70 2.51,0 1,50 0 82,1750

2 0, 0

$

721,035 314,50 425,3842 21,70

1,435062 7

Refundig 1,6923. 7 10,75 0 27,5 02 3,58.18
S

Total

1,923 85

1,46850 12,750. 38.5,340 73,21645

S

-194

623,980 1,450723 81,94762 946.758 0 1,847035 627.053,1 23,8650 53,704.3 1,02801 28.7651 481, 7

50,0 0

2,064 0

2,140

^91.674,1 5,620 812,73 18,023.9 10,9750

2719,57 2,69725

>

461.,26989,728315

812/718
573.09 1,67 05 40,3170 406.592,8 527.43 10.59,0 3,21957 1U0.7^5 59.46,
31,0762 ■'526,4073

*:

.

4,376528104.39,25674,03619
Y2803659417,379Ed{mSoInUtibclahBgNuprfQe,sw.bkdDRv£oslFS3EIOAVRP0T.
YFES3MINAOVDRP0TH.

2,70681Montreal

SUt4aneipslna.dced"'~■:--L/•V'V:Iri..-

8340,12809475.0,76336199 pNMroaevnitnwedcfllr:/.i
E350.671294,75832468069,75,8314720MaonG{iFtItvebfhclogfrdarbSug,mmastuonicpleyUyinedsPNBMCeUdniwbh*vl.MNTOFDIHSTIUSCNXONOSHRRPEEEAWFD
NTFIHMAOLFUAGOENFCROVRERPGDEIMGN:T,
Capitl

<;£

A
•

New

Total

s

90 ,0

804.796 36,01. 0 509.32406 64,7 54

39 ,0 0

5, 0 , 0

2,93 8170 6,725.0 695.7846 298.7523

7,8410

79,80 703,69243

182, 10 250, 0 13,0 51. 0 1.S49,56^ 1 52,0 .0

25,0 0 10,273"497

Refundi g 1,0275348 5,23.0 214.5803 ,318527 4,973,50

83,0 0 308, 0 35,16.75 29,0

S

-1947

.

.

Capitl

$

New

Total

521,50

1,90628.15 61.490, 481.60483 267,1.69

$

3.62,94 0

"39 ,0 0 25,0 0 10,27349

2,90. 0 396.08 7 396,04185 1,20 0

56,0 .0

Capitl 3,407162 2,90. 0 389,50.36 378,(071 1,20

56,0 0

$

New

6,150

■

4,26 703 150, 0 294,05 2,054381

SUM ARY

$
~r
-

[r»

■

New

-

>.

—h.

{.i

3

*1

CUolnobcilgautfdyness

S~.3

Staes.

5,70

•

—_i

78.450, 1J,735108, 27,0 0 10.'36,250 23,0 0 546,805 13,750 53,621 0 6,90. 0 154,62|10

$

Tot£

••

I

.

2,963?81,feo

152,60 957,8 5 27,0 0 10.36250 20,3 0 41,28.05 127,805 9,610. 41,906. 147,86 5

New

Total

47,260 1,7296340 73,0 8.160, 16,30. 71,6250 30.8 ,0 34,280 14,30 35.0 , 0 319,2CK0

$

-

-1948

must

New

V

"7

245

19,08 02 469,0 718 37/ 3,67 3,20,0 2.0 ,0 12,80635

59,675.^0 6,725 0

36L2~.l79

3.0 5.0 5,235.0

2.0 ,0

1,012,3973,6693041497855

60 ,0

4,05.0

10 .0

3,47612

/

10

10,80

290,3 92 1,2380 2,50 207,83.50 148,074 10. ,0 12, 9380 792,635 47,260 2,0 532 84,53.0 8.160, 18,50. 920,5.03 4P.6074 34.298 0 14,30 0 35,0 .0 10, .0 42.8930
596,516

124,,2.775885907410.36,95

23,96 873 42, 90 105,7416 6,50 0 28.04 90 21.075 0 18,73 0 17,6 51 239,4 152

10,80

273,04915. 1,2380 250~ 0 201,74 63 148,07.4 10, 0 12,6384 768,3102 405,1970 1,94308 6 78.03, 0 8,160 18,50 892,135 428,5304 15.60,8 14.30 35.0 0 10, .0 425.68,34

1,30 0 2,90 0

1,50. 0

"-H

708,930
13,85.248 246,01 40 25,80 1,0 62,85 3.0 ,0 142,61380 3.945,0 4,01 0 25,0 .0 23,68.36

17,23017 6,093,40

10 ,0

1,054236

178.450, 2,13 82,45 27,0 . 10,36.250 42,308 2 1,02.31 8 169.43 67 56.821,0 67,50 0 2.0 ,0 27,10635

56,40 61,490. 164.70,82 19.08 2 43, 7.03 37, 67 3,20 0 1,291,07 98,71 02 759,40167 152,60 1,259.7 27.0 , 0 136,250 39,08 2 879,6.83 165,3867 12.80 42,50. 1,29 07 203,4798
1,30,0 2,90 0

1,50 0

708,930

34.963,85

196,5027

"y

Refundi g 42, 90 8,471 29 6,50 0 21,947150 21,075 0 18,73 0 16,570 215,30279

Capit l $ 405,1970 1,64 0271 6,80 8,160 16,30 689.74,350 279, 5.0 15, 0. 14,30 0 35,0 . 0 0302/750,

CHAR TE

60 .0 0

6,05~iq0

20 ,0

Capitl

GARONUPIDN

40 ,0

20 ,0

$

$

—

309

Refundi g 25,80 0 813,920.75 3,0 ,0 105,29765 3,945,0 4,01 0 '25.0 0 6,75815

.1947-

35,07 36,01 85,01 6 20,5362 108,452 58.40,61 26.478,10 6,502 9,53.9 1,0281 10.364,8 49.5 5—". 1,62830 r 50.83,0 28,9574 41,630 2 945.82 78,120 9,30.67 13,7 50 50,48 3 1,02.81 17.26408 42,37.5

50 , 0

436,0

Capitl 50,83.0 197,5064 21,0. 13750, 192.37,5 72,83157 7,250 40,9 50 6790, 7,849. 804,796

Bruhs^iqlt ri?' VV- :

584,60 70,91305 40,0

239,4 .152

$

COORPFATE,

1,227,875904.16.359

82,10 250. ,0 30, 0 20,750 1,94253 23,0 0

4,8570 150, 0 87,610 2,16348720

Refundig 215,30.279 6,239405 17,23468

-1948

h

o

>

CO

H-t

H3

0

O

>

>

O

H-)

3
<1

2




Com on

Candi —

9

«»
j

".

.
.

Other

Long-term Pref red Com on

Total

\

m

.

••-,

..

-i..
-

Can dian

Loan

Other Farm United

§

*

Grand "Thes

J

«

v

Public

9

and

v

'-Irpn/

*

Equipment^Mabtnodrs Ruber ^nvefihent
Other Land,

T
V-/
pit

r''-

Equipment

Public Iron, Mot rs Other
'

-■

-

"

■

Land,- Rub er Ship ing

Investmn Miscelanous

Stocks-

Railroads Irsoten,l, Equipment
Public Mot rs Other
-

'

'-

Land, Rub er

Ship —ng Investmn

Miscelanous

'Total— Railrods Public Irsoten,l, Equipment Maontodrs

Other Land,

Rub er Ship ng Investm n Miscelanous

^
\

4,26703 * :■

S3EENPD0T. bonaontdedss stock Comstockn bLonoanongt-edtessrmShort-emPrestfockd stock foreign—,bonaontdedss Short-em stock— stock corpate''"- GovernmtBInaternakiolfogroveernimgtnGaavnciesd,&Munic.pta_l—Se,sPSosteaiens toal fiundfciglduorseetsBNpruPaoserwivcwiknfce S3EEMNP0ODNTT.HS NoBtLeoaosnn-g-dTesrm "utileseccotspotear,l,l,mnuf acesori mianandufuncsttrdrigl beuiltdcngs, heotrtlatdrcuin.sg,,J'^ceUanous NoBteSosah—onrtd-Tesm utileseccotoptearl,,l,manufctes anoridimnaadnuufscttrrigl beuildtcngs, hetotrrlatducins.g,, utiles eccotopal,,manufctres /anodi inmadanuufscttrrigl beuildtncgs, htetorraltudcisn.g,,' utiles ecctoop.alr,,manufc„es orieinmdaaunusnftcrtdrilg bueildtncgs, —htteorrauldtcsin.g,, sceocrpuritate
MONTHS Corpate-— Domestic— Long-term Short-em Pref red

va"

Total

'

»
\

■V-r

0

(1690)

THE

COMMERCIAL

(Continued from page 2)
Dillon

Harden;

&

CO.; ;Kldfifci', ' Peabo'dy &
Cb.f Mel-rill
Pierce,. Fenner & Boane; Salomon
Bros. &

&

Webster

Harris, Hall & Co.
Moseley & Col;
Robert

'

I

Robinson-Humphrey
olis

Bond

rison

&

"32,500,000 Lone

&

and

Gas

and

series

Co.,Inc.;
The
Indianap¬
Austin, Inc.; Har¬

Securities

loans.

Co.,

Sold

'■

/

Harriman

Pibce^'iOu.9^:

Ripley

&

Co.

Cc.

Aug.

privately
der, Peabody St CO,
Ohio

Ediron

due,

1973.

and

&

1st

Co.

-&

mtge.

Purpose,

hit west.

Co.;

&

75,000,000

Cc.

Inc.:

Equitable
Pressprich &

W.

M.

Marks

Auchinclots,

&

Co.;

"

Co.;

&

of'

1948

.

William
Si

Co.;

Redpath;

Blair

Bear.

Inc.;

J.
Broome

C.

Stearns

rtj

Bradford

&

Co.;

Co.;

&

Co.;

Burns,

Byrd Brothers;
City Securities

Bioren

As

Potter

&

Co.;

Chace,

Whiteside,-

Corp.;

Burr

Warreh

Gov;

&

Palmer

Homer

Co.;

Co.;

The

West &

Phelps, Fenn

O'Gonneil

&

CO.,

Inc.;

Ohio

C5".;
Otis
&
Co.;
Copeland & Kendall,

Patterson,
Wmsiow, Inc.;
&

r-ttms.; vvxher

&

Hutzler;

R.

C,

Cov, Inc.; Schmidt,
Pomeroy. Inc.;

Co.; Schoellkopf, Hutton Si
Co.; Chas/W, Scranton &

&

Inc.;

Robert' Showers;

Moore

&

$2,500,000

&

Co.;

J.

Co.;

due
v

Lehman
&

&

Brothers;

Inc.;

••

.

rant

&

fcr

Co;,

of.

E.!

A.

Si

Co.;

4.32C,000 Wisconsin

C37T7

&

-

stock

Cq.:

'..

IRON,

-:

prexorred-

Price,

.

Co.,

23

common

shai'eS.

:

$1,001

)'

Roths-^
Richteiy

LAND,

'

by
01

383,078
/

•'
.

Scrihh/V

*1 750.000

Eryanty Inc.,

bank

leans. j-PlajCed
America.

Co.
5

of

OOO.OOO, Mercantile

.--working

Stores

//

$26,750,000

Inc.,

20-year

privately

-

:'W,;PpP'y

D.

share.

Bros,

_J5,000,000 Wisconsin
3l/Br,i

Power

due,

ments,

First Boston
&

&

Sept.

etc.

Baird

by
Hutzler.

&

Light

1,

Price,

Co.

1978.

102.45

Corp.;

Co.,

Union; Securities

and

Tha

Inc.

Ist

mtge.

Purpose,

CbVp..

'r

bonds

series

additions;

interest;

Milwaukee

by1
rvob.m't

and

OTHER

INDUSTRIAL

W.

}

<

■::i;:;

.

t

(

.

.

(

«'

7

,

t

STEEL,

Wood

COAL,

COPPER,

due

Steel

Co.

1st

mtge.

of

a

Sept. 1, 1963 (with attached
scriptidn warrants
entitling holders of each
,.to purchase 15 shares

SI,000

of'common stock at $15

In n,

Yeatman

&

Co.,

Inc.;

and Harold E. Wood & Co

OTHER
000

INDUSTRIAL

AND

Carrier

Corp.

Purpose,

retire

bank

repay

privately
(Henry)

loans,

working
Metropolitan

Disston

Mutual
10 ,000

money

Ripley & Co., Inc.,

Purpose,
Benefit

Placed

•

,

V

Insurance

Insurance

Hemphill,

Co.,

).

Etruction

through

Ncyes

note,

due

Sold

& Co.

April

N.

J.

with

*750 ,000

Pittsburgh
series,
100

que

and

300, 000 Power

Coke

&

Chemical

Nov.

1,

1964;

Placed

Condenser

&

Co.

1st

Purpose,-

privately. '

mtge.
;

[

-,

;

- -

etc.

;

mon

stock

working

60,000. 000

(R.

J.)

1973.

(par

capital,

$1,000
Offered by
one

etc.

debenture

■].

Luckhurst

&

Co.,

Reynolds

.

Inc.

Tobacco Co, 31
reduce short-torm
Offered by Dillon; Read

Purpose,

interest.

,

Electronics

Price, $1,000 per'unit
consisting of
and, 100 shares ;of common stock.

&

Co., Inc.; Reynold's
& Co.; A. C.
Allyn & Co., Inc.; Almstedt
Brothers; Ames,
Emerich & Co.,
Inc.; Bacon, Whipple &
Co.; Robert W.
Baird & Co.,
Inc.; Baker, Watts & Co.; Baker, Weeks &




40,000

shares

&

Hutton

Co.,

Inc.;

&

J.

Co..;

Sparks

Si

-

i

..

; i

'

cumulative

Co.,

12,100,000 Tennessee
'

!

"

Gas. Transmission

stock

(par $5).
Price.
$30.25

•

system.

/ ' •

to

subsidiary,

Securities Corp.;
Abercrombie & CO..;,

M.

&

Co.;

&

Co,,

Co.;

Stein

.

Bros.

•■/_

400,000

shares

by

Weld

Central

Republic
&

C\

(In" w

Pancoast;

(no

Co.

*

Share's

and

of

$400

common

60c

cumulative

con-

Purpose,

general cor¬
Offered by Floyd

share.

per

retire

Pnoe,
five

i

$5).

(par

Purpose,

capital.

preferred

-

'

Cerf Co.

(pur $20)

shares

and

Operating

(par;

»v>;

Coast

Aggregates,

ol

pre-

common

stock

.etc.

and

Price,

one

com-

Valley Investing C.)., Inc.
shares
stotK.

$1

184.245

working

of

of

per

shares

for

Offered

$li.
Of¬

cumulative

shares

300,000

Inc.

tpar

share.

per

preierred

acquhe

Purpose,

share..

stock

working capital,

Corp.

uipjiio,

.

ofr 61

J,u0()

replenish

uf

live; -shares of
Offered by Mohawk

Minit-Man

Common

Price, $15
stockholders.

by

5,000

Purpose,

of

capital.

common

coasa^uent

share.

of

Of¬

common

Price.

$4

"subscription by stockholders.
(28,7C4». shares'dffercd by
B.yth Si Cj.;
Schwabacher & Co.;
Craigmylc, Pinney Si Co.

per

Uiir

subscribed

Inc.;

Stattcn

shares.

offered

Super

shares

$60,000,000

offered

by

same

debentures.

Manufacturing Cc. 451 shares of 61
(par
$100).,
Purpose,
general
working

stock

Price,

$90

Electric

stock

Uusubscribed.

the

Furniture

Price, $5
Securities

shafe.

per

Offered

by

Cohu

&

Co.'*-''

Products

(par ;$2);
per

Corp. 59,700 shares of common
Purpose, working capital,
expansion, etc.
share..
Offered
by The First
Guardian

Corp. 77

-.'

[

*

!"

of

pipe:

$286 000

Fidelity

non-convertible

7nets

1/

:7

Boston
$10).

•'

.7,1

exnen

scription

I' 4,200,000

ion,

by

Fire Insurance Co. 20.000
shares 80c
preferred stock (spar' $5).
Purpose, busi<-rir>e;, $14 per 'shal-e.' Offered

by"sub-

stockholders.

•)

,

Insiiiance Co. 100,000 shares

Purpose,.'supply•;capital

Offexed

■

7

for

subscription

shares

(594)

purchased

7

of

capital stock

funds. }Price, $42 p r

by

stockholders.

and

sold

First

by

(par

share.

Uusubscribed

underwriters:

The

Boston • Corp.;
Bacon, Whippld & Co.; Robert W.
'& Co., Inc.; Brcwn, Lisle &
Marshall: Ric >ard W.
Corp.; Coffin .& Bunl..Inc.;
Shelby Cullom Davis
Si Co.; Drexel &
Co.; F. S. Emery Si' Co., Inc.; Es-.abrook
& Co.; First'Sou(thwe;»t
Cb.{ Glore, .Forgan Si Co: Granbcry-, Maradhe
Co.;;Hornblower &-Weeks; Kidder, Pea¬
body & Cot; Kinsley & Adams;!'W.- C.
Langiey & Co.;
Lee Higginsbn
Corp.; Mackubin. Uegg & Co.; F. R.
Moseley
Co.-f E. M. Newton'& Co.f Paoific Co. of
Calif.; Pacific
Northwest Co.;: Paine,!
Webber, Jackson & Curtis-; H. M.

7/.

Baird

,7..Clarke

&

7

-

t

!

'

.]

;

•

i-'r-

1

:
'•

U

>

.

'

l

•

f

V

"

4

I

,

Payson-& Co;;
Brc'hsrs;
& ,Co.f G. ,H.

Tilft
'
"

I

Saben

&

Tucken

Walker

Co

&: Co.;

Whiting, Weeks & Stubbs,
2,016,564

Commonwealth

'

7,.

#z

-

:

14,746,140

Co.; .Lovett
Co.;-tRobert. W.

(R.

Co.

'•:< V

".

fCo.)

(par

Fund

(par

shares; $69

Insurance

$7.50i.

capita,L

.

shares)

.

for

per

.

Co.

Price,

&

&

Co.;

,

shares; of

Co.;

com-

purposes.

'

.

51

Price,
.

-

working capital.
Pierce,I,White ' &

shares

of

common

provide

share-for 25,380

companies in group
share
l'or
433.164'
shares, Offered (433,164
per

by
stockholders
shares
taken
up; by
.

'

cumulative

-

458.544

$30

subscription

'■share.-'!-Uusubscribed

of

Purpose,
Offered
by
:
7

Purpose,

funds!)

■

$100),

-

'

318,070

2,000 ) shares

Price, par (and dividend.
Drummond,: Inc:
-.
stock,

-

stock

Firemen's
with

.

Sullivan-

Dunning

Lerchen

an.d Dean Witter & Co.

investment

(par $].).
Purpose, corporate
Offered by .the
company.',

B.)

' preferred

r

7

line

Watling,

mon; stofck

market:
200.000

com¬

Inc.;- F: S. Smithers

.«

Anthony & Co.; H. C. Wainwright

"

-v.;

'

Read';&: Co.," Inc.;

American

'

/'

St,onc'

MISCELLANEOUS

1

Clav^^

Dillon,

'

&

Bacon, Whipple
Incw: Blyth & Co., Inc.} Bos
worth,

Dewar, Robertson

:

conf

Byllesbvfand

expansion
of.
share.
Offered*

White,

pri-

stock

.:

BOenning

H.

Purpose)
per

Webster
Baird

Co.

■

5.091

stock

Inc.

unit

pre-

(no

|

:

•

Schmidt, ■ Poole. 06 Cu-!
Pomeroy/ Die.; Sheridan, -Boganr

W.

common

167,500 Toy Pop Corp. 150,000
shares of class. A common
stock
7 V
' (par Sit,
purpose, purchase of factory,
-working capital,
etc.
Price, $1.25 per share.
Offered-by Ackerman, Conte,
'1-: ' Mattielli Si Co.
!v
''

William

Mareche^Si ■ '.C6 } •"Co.; -;A'. E.*'- Masten St

&

I

.

1

-

■

Granberv',

Jenks, Kirkland
Rothschild
St
lo.;

.

v

Price, $102.25/, per shiire and
Smith, Barney Si !Co,'; Goldman
Co.; Blair
Co.,Inc.;

Co.:

Purpose,'

Placed

$34,540, 255
of

facilities.

&

/

H.

$100)1 Piirppse, -pay shortr

(par

contributions

Si

Price,'$10

subscription

snare.

capitaT.

;

William

Milwaukee

7

298,500

Farwell,

California;

to

\

•

/

26,927 ' Eharesl
Offered for subscription
by stockholders.
Unsubscribed M26,927) shares
offered by" The First Boston
Corp.; Drexel & -Co,;
Kidder, Peabody"!"'&- Co.;; Lehman
Brothers; Merrill Lynch,
Pierce, Fenney &,Beanef E. H. '
Rollins & Sons,
j Inc.,; Stroud & Cof Inc.}' Auchincloss,
Parker &
Redpath; Buckley Securities Corp.; E. W'.
Si
Cl4rk '
Co.5 ElkimJ, Morris«&
Co.; GreOri, Ellis' & ' Anderson;1'
A. E. Masten
jSs Co.; W. H: Newbold'S Son &
Co:; faiTish
& Co.;
Singer, Deane & Scribner, ahd
Suplee; Yeatman
& Co., Inc.

mon

debentures, due Oct, 1,
notes.
Price, 100 and

-

(

j

...

Co:;

F.

stock

-

of

,

pari.
Purpose,>general ,corporate purposes.
'••• 'pric®. $16.25
iter!share- tot 289,9^6!shares ahd:$17.75
for

t\.',
V-V f

>

Co.

shares, of

tnree

Offered by Floyd D.

preferred:

Spencer
Trask; &. Coi; Harold E. Wood Si Co.; ;
Dulles'-& Co,, and Yarnali
&-;Co. '
\ .'*•)
)
189,414 Pennsylvania Power &\
Light C6. 316,863 shares of
•'
coni-./
.«•'.
mon

3 V2I

Corp.1 Q'.'v sinking fund
15, 1958, and 30.000 shares of
qomSir.
Purpose,' laboratory
equipment,

L.

Paul

Price,

debentures, due April

Inc.;

of

Laird

Inc.

preferred

B common
bankers as

•
.

Wurts,

1

•

bonds,

additions,

j

Co.

Boyce;

)f

.

.

,

interest.

new

Parsons'

Schoellkopf,

tife Insurance; Co.1 of New
York
institutional! purchasers
through Union
'

Securities Corp.

Pacific

dividends, ; Offered by
Sachs & Co.;, Biorea &

Co.;
'

'/

*.

45,100

Co.. Inc.; DeUaven &
Town7
sendf Crouter & Bodine; Dixon &
Co.; ElkinS, Mbri'iS' & Co:;1

Mutual

other

;

Edison

of

Graham,
Janney '&

*

;

Co);'-The

<1 Co., Inc.;
Buckley Securities Corp.;
Co, lliKV); C. C. Collins and

to

*2,000 ,000 Newport
Industries, Inc.', 3 '41
sinking fund notes,' due
Sept. l, 1963. Purpose,
replenish working capital.!
Placed
lour

.

1,

privately

Newark,

,/:

) ,,!

:

stock.

Co.;'; G.

stock.

26,000,000 1R.' JT.) Reynolds" Tobacco Cc.
260,000 sliaies of. 4.501
preferred stock (par $103).
Purpose; reduction of! shortterm bank loans.
Price, $1:00' per share and
dividends.
Offered for subscription to
holders of common and class

V

&"'Co.; Harris,

llndt;

ferredistock, '4.351 series
term bank
loans, 'capital

.

1903.

:

privately

V f

;

preferred

Co.; Robert W. Baird &
Co.)
Co.; Hw M. Byllesby: and Co.'
Illinois

,

-

are,

i.:'k

.V'-

'..^

&

Whipple & Co.

.

;

R. Staats Co,; J. J. B,
Hilliard-& Son; Kirkpatrick-Pettis
Co.;. Maynard H. Muroh &
Co.;, The Ohio Co,/and: Bacon,.

.

Placed

Co.

•

&

4,000,000 Metropolitan

f .:

stock

y

Curtis; Wertheim
(Inc.) ;," Laurence M. Marks

&' Co.

walker

I

($3,050,000);

capital'' ($4,450,000
and

1,

common

&

Blair

19G5.

classes of

UTILITIES

Chapman ,&:>Cp.}' The
Newhard, Cook'& Co.;

through

Sept.

mortgage

Life

1,

all

;

-i

offering prices.)

.

.

i

due Aug.

due

&
Sens, Inc.; 31plant
improvement.

Life

;

,

Household Service,
Inc.1, 51 sihking fund 10-year serial
debentures, series C, due Jan. 1, 1958.
Purpose, expansion
tif -gfas
distribution systtem.
Offered by Mohawk Valley
Divesting Co., Inc.
;
!

and

1

Winslow,

•

privately

promissory note,

purchase

with

Harriman

1963.

35/ar'r

■:

-

.

MANUFACTURING

-corporate

purposes."
First Boston
Corp.,

The

*3,500 000

,

Carborundum Co. 3Va'<L
promissory note,

Purpose,

*7,500 000

■

&

and

6.065

stock' (par' $5)'.

while-pre¬

shares offered by The First:
Bosfoh

Hall

;

!

$10,000

>

West

!

'

•

Paine, Webber, Jackson

7 1!

■■■;!, f ■'■p-P■■■

Co.;

Perrin.

value

Unsubscribed

Products, Inc. 4,810 shares of
common stock
(par
Purpose, general corporate purposes.
Price,' $6 per

736,980 Pacific

:

Pierce, Fenner & Bdane;, A. G.
Becker '& CO.-,
Inc.; Blyth & Co.; Central
Republic Co.
(Inc.); iGlcre, Forgan St Co.;
Kidder',' Feabbdy & Co.;

-

DeHaven'& Townsend; Crouter
•& Bodine;1
Janney & Co.; Jenks, Kirkland &
Co.; Biddle, Whelen &i
Co.; Central Republic. Co.
(Inq.i; A. M. Kidder &

Suplee,

their

par

corporate

subscription

'

company, expansion program.
Price,
fered by Henry P.
Rosenfeld Co. '

semi-

'V
par,

7. :)

convertible

for

stockholders.

working

p. r

nxon

300,000

Unexchanged'(156,896)
Corp.? Merrill Lynch,

Scribner;'

Co.;

;

v

Placed

j.

cumulative

1

;

--

41general

Offered

-

»

consisting

fcrivct stock

.

par).

W'l;':
-

Co.

taken' at

are

Illinois

\ 1'

•,

&

of

Purpose,

;
Co.

Offered by

tno'par),

v
Power Co. 472,954 shares
of common stock
(no
Purpose,' refunding.
Price, : $26.50.(!per
share;
Offered in conversion of
'5l-

12,532,281

bond-

share),

per

Purpose, purchase and installation of
hot
rolled
strip
Price, 100 and interest. Offered
by Drexel & Co.;
Eastman, Dillon & Co.; E. H. Rollins
& Sons, Iiic:;
Stroud!
& Co.,
Inc.; Graham, Parsons &
Co.;1 Blair & Co.,
Burr & Co..
;lnc.;;
Inc.; Kidder; Peabody &
Co.; Moore, Leonard
&
Lynch; Reynolds & Co.;
Singer, Deane &
&

110

I'FBLIC

mill.

Yarnali

at

stated par value

sinking fund

bonds, 5% ;
five-year sub-:

Weld

'

•

shares

spare.

employees,1

:

Products.

u .ck '•

duo

•

snare.

,!'! 1

lor

$'100

1

.

notes,

purposes.

6,177
$100).

(The) Maltine Co. 4,871 shares
Purpose, capital requirements.-

7
7-.-. H

-i'"

••

STOCKS

stocks

computed

ETC.

4

».;

Co.

73.055

...

ferred stocks of

IRON,

'

MANUFACTURING

collateral trust

privaieW through White,

j

The".

(Preferred

(Alan)

C

y-.Purpose,-..'corppfate

'

series,

"-

.

3219,500,000

$6,300,000

AND

*$1,500,000 Duncan'Meter Corp.1 51
•
..1
annually 1049-1950.

C,',

Improve-v

Offered'

Co;

'■

:

f

MANUFACTURING

preferred

key

cumulative

shares of/51
cumulative convertible: preferred stcck
(par $30): ; Purpose, reduce unsecured short-term
bank leans.
Price, par.
Offered- by
Central Republic Co.
(Inc.); Dean Witter Si Co.; Merrill
Lynch, Fierce/ Fenner & Beane;
White, Weld Si Co.; A.
C, Aljyn Si Co. .Inc.; Lee Higginson
Corp.; E. H. Rollins
Si
Sans" rxtc.," William
R.
Staats 'Co.;
The^--Milwaukee
Co.; Mitchum/vTuny & Co.; Straus
Si Blcsser;
boettcher
qnd Coa Hill Richards & Co. ;
^Peters, Writer & Christen soil, Inc.;
A.
G.
Edwards & Sons;
Sills, Minton & Co.
Inc.; HVllcy, Day ten Si Gernon
"and Newman and

,

=-■'■

Short-Term Bonds and Notes
(Issues Maturing
Up to and Including Five
Years)

and,

;

per

51

75,550,000 Htelly "Sugdr Ctrp. 185,000

.

Salomon

and

purposes.
Cerf Co.

'28,860 I-Totill

'-ifpy

■

$98

of

109,451 shares of common
capital.
Price,- $3.50 per

'

Flctill

•

,

Purpose,
Metropolitan
Life"

■

/

shares

Inc.

100,000 Mathcson

"-y-';':

by

Purpose, corporate
purposes'.,
thtough Hill, Thompson Si

1,250 shares of
common, stock.
-loans
and
increase

fered

/,y

Price,

and

vertible

3% 1; loan.
to

-■

porate

<

Sold

1
/

-

.

Offered

fleers

Shares*.

25.455

? 3%*1
loan;
Purpo-.er"reduce*
privately, with. Prudontlai Insurance

Co.,

etc.

Offered

nine-yeaV loan.

Co.

common

Purpose, working capitstl. Price, $13.50
per share.
by Prescott & Co.;
Cunningham Si Co.; The First
Cleveland Corp. and T. H.
Jones-& Co., Cleveland.
100.000 Delaware Steel
Fabricating Corp. 750 shares of preferred
1
stock and
(

10-year

capital.

Insurance

of

^

5,000

$100).

privately

INDUSTRIAL AND

additional

-

■

:

common

$1).

ft'-

shares

1

■

y;: L.

Placed

-

vately.

•

Placed

Lane

f

&

puiptses.

320,000

COAL, COPPER ETC.

par).

Purpo -e,-:
privately/with Equitable Life!
As:uruiice Society of the
United States
ahi^ ;MUtualC Life;
Insuiahce Co. of New York.
■/
/•;
-;;i:/-V'7(
corporate

.

Co.

.

Corp.

i 94,027 Cpwlcs Chemical

,

'

MISCELLANEOUS
S$2C, QOO.OOO Associalci Investment
Co. 2Va-I

Poole

Steel

*

Cineoolor

.1;.

per,unit,

company.

'

STEEL,

•

,

purposes.

;_X

;

Shields

subscription

-

;

with

ETC.

Light

$617,700,Carpenter ) Paper Co".
vIVI/l.;preferred stocks par'

,siibtcriptibn warOffered by KiUdcr,
Peabody"

BUILDINGS,

Co.;

Purpote, ^extensions,
improvements,
share. -Offered, l'or
'

par.

OTHER

l.-.-Jr/X",

yyiy."P--:

&

per.

-

stoete (par

Inc.

.

-yi;

Price.

&

$10).

.-0

Penn-Ohic

'\V71

inebme- debentures,
purchase
mints.). -Pur-

stock

Power

(par
,.

stockholders.

*$500 000

Co., Inc.;
Robinson-;

The

feciamton

$38,141, 69£

*$f75,000 Ctimberland Apartment
Co., Louisville, Ky.,
,20-ycar loaii.
purpose, rettuidlng.
Placed, priVatelJ with uii
insurance

i

Strauss
&
Co.'; Sweney
Cartwright,
Co.jSwiss American
Corp.; Tliomas Sj Co<; Towilsond
& Tyson; Van
Dibney
Alstyne, Noel- & Co.; H. C. s\Vo
inwright &r.
Co.; Walter & Co.;
Watiling. Lerchen &: Co.;
Welsh, Davis
and
Co.; Wheelock &
CumminS, Inc.;; Harold E. ^Wood& Co., and F.
S. Yantis &
Co., Inc.
;A •
'
>
5,000,000 Toledo Edison Cc.
I'st. jntge. bonds 3 Va 'r series
due, 19781
Purpose, capital for construction
program.
Price, 102.4G
and

interest.

T;'t

•

.-

M.

4(41!

purposes.

C.

W.

Mastery Si Co.;

y,

-$1,000 .debenture

\v.

&
Co.;
Smith, Barney & Co.;. Spencer
Trask
&
Co.;
Tucker,
Anthony & Co.; Undcrwcod,.Neuhaus
& Co.; Union
Securi¬
ties toip.) Victor,
common, Dann St Co.; G. H.
Si
Walkei*
Co;.; caps. B. white Si Co.;
Whiting, Weeks & StUbbs,
and Dean Witter &
Co.
1

per. unit
'.-

(with

corporate
.a

CO.;

.-

Thalmann

CO.; .Laurencb

Rauscher, i Pierce, &

Corp.

Co.

■

,

Rollins

Refining-

l; -1933

general

;

'

&

Ripley- •&
(Inc.); - Hemphill, Noyes &
K'cbbon, McCormick &
Co.;
Langiey & Co.; Lee Higginson

&

Weeks;

f ;Corp,5 cenman Brothers;,,-.Laurence
M.
Murks
si
Co.;
Ma_on-Hag-.m,
Inc.;
Merrill,
Turben
&
Co.;
Morrill
Lynch}Pierce, Fenner &
^Beahe; The Milwaukee Co.;
Mitctyum, TulLy-& CO.; Morgan
(Stanley & Co.; Moroney/
LeLilitf Si CO.; F.: Si
Moseley & Co:;
; y
CX.;; Mayharcl H, Murch Si Co.; Tne OnioMullaney;--Wells'&
Company; Pacific
Northwest!Co.-; Paine, Webber, Jkckson &
Curtis; PhelpsV
•FjV-'V" / Fenn'& nb.; Pitman & Co.; Presco.tt.
Hawley, Shepard Si
7''
Co., Inc.; Rauschcr; Pierce
& Co., Inc.;
Reynolds & Co.;
;■ Ritu st Co.;
Rotan, Mosle and Moreland;
Rowiesf Winston
& CO.;
tchoehkopi, Hutton Si
Pomeroy, Inc.; Scott &
/Syiy..-. Sfringlelicw;: Cnas.

Co.;* Hill,

Lester

Co.}

OIL

&

v

-

Riter

&

•

Son?; Hirsch & Co.;
Si 00,; Tne Illinois
Co.: Johnson,' Lane,

Co.;J Laewi &

Co.;" Mason-Hagan,

Oil

Get.

pose,

S;|

Co.;Waltw S;okoi

S.

&

&

consisting

Stii'el,

Edward Lowber Stokes

&

Sterling

'

Smith,:
Boyce; Stem Brothers &
Co.;'
Nicolaus
si
Co.,
Inc.;

Co.; Stein Brps.
Frank
&
Meyer;

Stern,
Stix

-St

&

Loeb

,

Hilliard

Langiey. &■

Corp.;
Rhoades

y-L,y;,

Schwaliachef;
Shaughnessy &' Co.;-"

Co.;

Singthy Deane

Herrnutn

Kuhn,

bank

;-'V;

Bros;"

Schmertz 'Ss

Couris.

-

Co.,

&

Henry

,

B.

Hall

Co.? ->.ornbibvvei-

Co.;
HorheF
Mason, Inc.;
Scott & Strihgfellow; Chbs. 'W.
Sc rant on & Co.;
Sheridan,
Bogan, Paul Si Co., Inc.; Shields &
Company; Sills; Mintdn
Si Co., Inc.; I. M. Simon &
Co.; Singer, Deane &
Scribner;;.;
Sfnlth, '• Barney & Co;; Smith,' Moord <te
Cd.? William- fl.
•Staats 'Co.;
Starkweather & Co.; Stein
Bros. &• Boyce:
Stein Brothers & Co.;
Stii'el, Nicolaus & Co.v*Inc.} Stix &
Co.; Stone & Webster Securities
Corp.-; • Stroud: 61 Co.,
•Inc,-; iSwency Cartwright & Co.:
Thayer, Baker -,Sti Co!.;;
Spencer Tra-k & Co.;
Tucker, Anthony;
Co.; Union
Securities Corp.; Vance
Securities Corp.;' 6,'
H.,Walker
& Co.; White,' Weld &
Co.; Whiting, Weeks &
;Stubbs;
pea 11, WitLer- & Co., and Harold E. Wood &
Co.
' '•
"s

:

Co.;
W. Pizzinl &
Co., 'Inc.; Wm. E.
PU'tnam & iCb.;
Raffensparger; Hughes'
Inc.;
Reinholdt
&
Gardner;
The
RobinsonHumphrey Co.; L. F. Rothschild: -St'
CO;;-'1 Salomon
B.

Co.;

Co., Inc.; -Harris,

-

$84,060,000

Pollock & Co., Inc.;
&

Collins -&

& Sons, In'ci;. L. F.
Co.-; Salomon Bros. t.<Si
Hutzler;. Scherck,,
Scl'-wabachcv St Co.; Scott;

child

Inc.; Pcrrin,Garisubntep.'lnc.;'

si

Juilen

1948

Dlttmar & Co.;
Equitable Securities
Corp.; Estabrook &
Co.; Tne Fim
Bcscon'Corp.; pirst Southeast Co.;
Glore,
Forgan &'Co.';
Goldman, Sachs >& Co.;
Graham, Parsons
St
cq.; Hijmoweli,
Sulzberger &,:Co.; Hai'riman

-

-

: •

(Inc.); Clark,'Dodge:

Weeks; W. E. Hutton
Co.; R. H. Johnson &

&

Humphrey Co.; E. H.

Alfred

Ru»je?

Co.;

Co.; Putnam & Co.:
Reinholdt
&
Gardner;

&

O'Gara

Inc.",

v
.

Merrill, Turhen & Co.d The
Milwaqkbe
Co.: Minsch, Monell &, Co.;
Moore, Leonard
Lynch}::
■F; S. Moseley & Co.; Maynard-H;
Murch & Co.; Newhard.
Cock 'Si Co.; The Ohio
Company; Pacific) Northwest. Co,;
Paine, Webber) Jackson & Curtis;
Peltaion;1 Tenelibaum
Co.;
Phelps, Fenn & Co.; Piper, Jaffray,.~&
Hopwood;
.Prescolt, Hu.wley, Sliopard St
Co., Inc.;. R. ;\y. Pressprich
&

Securities : qrp.;
Cohu
and. Co.," Inc.; Cooley &
Co.; S. K.
Inc.; Hen'ry Duhlbcrg &
Co.; J. M.
Co.;. Davis, Skaggs & Co.; Detmer
&
&
Co.;t Dick,
Merle-Smith; Dreyfus & Co.;: R. J.
Edwards; ; Inc.?
Emanuel, Deetjen & Co.; Equitable
Securities Co.;' Ester
I.y& Co.;:
Farwell, Chapman & Cm} Failset, Steele
si Co.;:
Foster' Si
Marshall; Glore, Forgan; & Co.; Gritefe and'
Co.;
Green, Ellis & Anderson;
Gregory &, S'oi),t! Inc.;'
Hallgarten & Co.; Halloweil
Sulzberger &• Co.; Harloy,
Hay don & Co., Inc.; Harrison! &
Co,; Ira Haupt & Co.;
Hayden. Stone & uo.; Hener, Bruce
St Co.;
Herrick, Waddell & Reed, Inc.; Hill &
Co/f Hirsch & CO.; E. F. Hutton1
& Co.;
R. H. Johnson &
Coi; Johnson, Lane; Space and
Co., Inc.; Kaiser & Co.;
Kean, Taylor & Co.;r Ketcham
& Nongard;
A. M. Kidder &
Co.; John Kormendf
Co.;
Laird- Bissell «fe
Meeds; Hawson, Levy &>
Willlamsr; Leedy,
Wheeler &
Alleman, Inc.; S. R. Livingstone. &
Co..;. D. A3
Lomasney & Co.;
Mason-Hagan, Inc.; Mason, Moran
& Co.;
E. W. & R. C. Millar
& Co.;
Moore, Leonard Si
Lynch; Mullaney, Wells &
Co.; Nashville.. Securities
Co.;Newbu#gcr, Loeb & Co.; Newhard/ Cook &
Co.; E. M.
Newton
&
Dain

&

Loeb,

McDonald

Co.;'C. C. Collings
Cunningham & Co.,

.

ML

Marks

Co., Inc.;-'
Soars, Inc.;'

&

&

J., J.

Co.;

Higginson

Carl

&

Clavton

Burr,

Noyes

&

Ja!nney

Lee

Co.: Blair &, Co.,';
& Stein; Stockton'

Bramhall

Monday,; October 25\

Co.,

Co.j'Bat'Ue's-"&l"Cb';T'

&

,

Telephone & Telegraph Co. 35-year
314 1
deben¬
ture.; due,
Sept. 15,
198.*.
Purpose, adaitibns, improve¬
ments, etc. Price, 100.53 and
intcresvi-bfferod by Halssy,
Stuart & Co. Inc.; Allison-Williams
Co.;, Ahnstedt Brothers?,
Amoi-ican
Securities
Corp.; -Amott, Baker*'&
Co., Inc.;
Anderson & S'rudwick;• Arthurs
Lestrange & Klima; C.
S. Ashmun
Co.; A twill and Co.; Bacho &
Co.; The Bank¬
ers
Bond Co., Inc.;
Barret, Fitch St Co,; Inc.; -Jr Bartrr
&
Co.;

Bankers .Bond

ciates, Inc.; Kirkpatrick-Pettis Co.;
Ladenburg,
&
Co.; LairdJ Bis sell & Meeds; W. C.

Barth

Pacific

•

The

Spgce hnd Co., Inc:; Johnston, Lemon &'Cor; Kalman
&
Company, Inc.; Kay, Richards & Co.;
Ketiboii, McCormi6k
& Co'.;'Kidder,
Peabody & Co.; Kirchofer>& Arnold A'aso-»

Wooden

J.

cotfln

Hornblower

Co.;

Price,
102.457
Securities! Co'.;5 Dick

Hirscn

Pinker

Co,, and Cooley St Co;

series

Co.;

Richards

additions.

by

R.

Laurence

3'Val-

& Kraus;
Eichler &

bat email,

Hemphill,

']

bonds

property

Offered

Merle-Smith;

&

due,

(Honolulu) 3 V* 1' 1st
mtge. bonds,
15, 1978,
Purpose, construction, "tc.
with institutional investors"'
thfoitgh Kid-"

due,

Placed

12,000,000

V;

,

serleS

:

Burgc

CHRONICLE

&
Co.; Curtiss, House & Co.; J. M. Dain Si
Company;
Davenporc & CO.; Dick si Merle-Smith; R.. S."
DickXii &
Co.;
Inc.;
Dominick
&
Dominiekr Equitable Saauritidsf,Corp.-; Estabrook & Co.; Clemenl Av 'Evans &
Co'i■ lac,!
Allen
G.
Ewing &- Co.;
Fahey, Clark & Co.; Farwell..'
Chapihiui & Co.; Field, Richayds &-, Co.; -First
Securities
tCorpi; Folger, Nolan, Inc.; Goldman, SachS &
Co.; Grubbs;
Scott & Co., Inc'.; Hallgarten &.
Co.; Harriman Ripley -A
Co., Inc.; Harris, Hall & Co. (Inc. 1;
Hayden. Miller & Cq.;

Inc.

expansion and
pVivateiy to Prudential-

Co; 1st mtge. :i bonds 31
additions, bettbrmants,^ etc.j1
by

&

Purpose,

America.

Telephone
F

&

Edisrn

Purpose,
interest.
Offered

*5,500,000 Mutual

McCann

20-year loan.

bank
of

Baird

t

3,500,000 Metropolitan
1973.

Albert

Co.

repayment of
Insurance Co.

W.

FINANCIAL

ind?r;- Bear,;
Stearns & Co.; A. G. Becker &
Co.-, Inc.7 Blair &ic'o!,7111c.;
William Blair & Co.;
Blyth & Co.,; Inc;*
.Bosworth,- Sulli¬
van & Co.;
J. C. Bradford &Xo.;
Branch, Cabell & Co.";
Alex.;. Brown & Sons; Oscar Burnett' <fc Co.; BuiT- !&'
Company, Inc.; Central Republic Co.

Co.; F. S. Smithe'rs &.Co.;
Corp.; Harrison &

Share

Co.,

Star

inc.;

Lynch,"

Hutzler; Stone
Corp.; Central Republic Co.
line.);
(Inc.); W. C. Langiey Si
Co.;, P. S,

Securities

Ball,

&

at.

$30

per

underwriters

1

Volume

;"f..wh° offered

Priced $40.62 %

per

25,380 Additional share's at $69 per; share.)
Underwriters:-Blyth'& Co:, Ino.;-The ;Firsl Boston Corp.;

i^-.

.

&

,,

,

'->«> Dean Witter •&

CO; ,'*•%'

4-;.•

re:-

•'

•'">

&

per

>i;>

.

.

share.. Offered

,

Securities

R.

by

S.

Corp.; .'Southern

2,628,715 National

;•

-

$10)...

388 ,125

-

Tea .Co.

Purpose,

shares

128,230

of

stock

common

.

Boston

.

increase
capital funds.
Price.
$25
Offered for subscription by stockholders.
"""
'

"•

•\

,

-

Loan

I'drm

.

$02,436,000 Federal

and

Intel mediate

Credit

A?ency Issues.:
consolidated

1.65%

Banks

debentures, dated Oct. 1, 1S48, due July 1, 1949.
Purpose,
refunding.
Price, par.
Offered by Charles R. Dunn, New
York,
•

fiscal

63,750

$15).

General Corporation

^

(Continued"from pas:e 3);
stock

common

J?

dividend
For

Aug.
1942,

cents

years

1938

1948.

adjustments,

to

the

upon

annual .reports

Aug.

snares

of

per.-share paid

on

those

the

31,

1943

number

the

in

1938

years

outstanding

shares

were

to

the

and

the

12
the

on

$12.75

per

intends-

and

-

scoclc

make

to

subsidiaries

of

additional
also

may

include

will

'plant

from .;time,/-to

located

be

.to

$145,000

about

construction

'poitiohs

,

budget

air

about

and

Neb.,

and

warrant

-

1938

'■■■■

'

■

Common Sh.

$0.83

__

T

'

1939„,;_

pivs. per

Common Sh.

19*4G_^____k.';y-- •'C'-'i'-'./v

!

65.5C

11A

;

to

0.86

:

i9?3L___^l22

59.5

<

'

0.97

1943

■

59.5

0.97

59.5

1,00-r.

_

59.5

0.76

: i944'„_:j„..'

62^

4.75%

1946

1947-_—___

<,1948.1.__«,:„r_:^.
.

If

n2, months

.

during

Ai,g.-31,
will- be
now

the

1948,

there

been

194c

SO.69

SO.67

common

.

.1

stated

1943

1944

1945

1946

1947

$0.71

$0.50

$0.72

SO.74

>1943

S0.53

numbers of

shares

to

value
the

be

several

underwriters

purchased by each

are

Number

Corp
60,025
Blyth & Co., Inc._
^
60,025
Merrill Lynch, Pierce, Fen-.
•
h<h' & Bi anel
22,650
,

Shuman, Aghew & Co.
Waiston, Hoffman & Good...

'

,

Stone As Webster Securities

Dctvn

22,650

Witter

Central

Cq.v

El worthy &

22,650

Republic Co; (Inc.)

"

9,000

Co.

Estabrook & Co._

•

California

5,000
*

*

3,000

:
"

3,000

Co—-

Allyn and Co., Inc..;
8,000
Newhard, Cook As Co.^.____«;G.'OOO,

First

Kebbon, McCormiek & Cq._

Pacific

Pasadena Corp.

Co.

Calif.

of

3,000

Staats Co.2-^;j

>6,000

Smith, Moore <fe Co...

5.000

Sutro

3.000

A.

5,000

Henry

Dahlberg & Co

2,500

5.000

Davis.

Skaggs <fc Co..

5.000

Grimm

1,500
1,500

5,000

Wesley Hall & Co..;

R.

Edwards & Sons____

G.

HilK Richards
The

6,000

1S5

Milwaukee

Co

Refsiies. Ely, Beck & Oo.__
SehWfibacher &" Co....
.

—V.

&

_i

Co

&

Co

.

;

company

of

of

3,250,000

3.472,441

the

.company

of

seven

preferred,
'. '

members—two repre¬
6% preferred and.

one

•

J. Austrian and
168, p. 1479.

with Carl
Slates.—V.

Robert

G.

is

offering

through its directors 4,000

A non-voting

class

common

stock

(par $100)

The stock is offered as a speculation.

with no operating history. Cor¬
poration was formed under the laws of California Oct. 7, 1947, with
its principal
office located at 5841 East Century Blvd., South Gate.
.Calif., which- are the offices of the Kean Steel Products Co., a steel warehousing
and
fabrication
business owned in partnership form
by -two of
the promoters of the corporation, Lewis B.
Kean ami
Lewis
B.
Kean,
Jr.
Corporation proposes to acquire, install and'
operate an electric furnace for the production of steel Ingot fronr.
iron and steel scrap, and a rolling mill for the production of certain. ;
finished
steel
products including flat bars, angles, channel,
round
bars, specialty products made from
special analysis SttMs, specially
rolled "products' to customers'
specification, and concrete reinforcing
The

1,500,000

business

consist

7%

-

has been filed
trustees of Central

shares

384.085

3,472,441

two

-

plan

at par.

shr.)—co.

holders,

.-

—The

1,500,000

share)—company—:.

principal

common.

Century Steel Corp., South Gate, Calif.—Stock Offered

.

3.250,000

,

is

gas,
electric and water service in various parts
Nebraskaj South Dakota and. Minnesota.
Company,

>

corporation

is

corporation

owns

a

new

venture,

"■

bans,

The

n

no

property,

real

or

personal,

and

has

■'■'

■

no-

presently available for the acquisition of such property.
Cash
/proceeds, if any, whi'Ch may be realized from the sale of the securities
now offered
may be received in small amounts oyer a long period" oi"
funds

.

.time.

-

company,

is -engaged

.

•

.

1,500

5,000

South ^Dakota,

;in

168, p. 1358.

in. a

terntoiy; comprising a

comparatively narrow

;

.and- legal services.
The class "A" shares carry contingent votin ;
of the state. from Salem
rights,
depending upon ; the non payment of preferred cumulative
and ''White;1 River rit" the "%e$terri%end,«
dividends in
the - amount of 5 %
par vf,lue of such
shares for a
f constituting a completely interconnected system with .which 30 comper)<"d of 24 months for the maturing of such rights.
munities mref served'/ ' Further west in the State of South
Dakota, .
CAPITALIZATION—The initial capital of the corporation will Bo
"a small separate system, known as the Philip District (now in the
derived entirely form the sale of the class "A" common shares, (par
process
of 'being connected with
the principal system), serves two
%-SlOOL
The -class "B" - shares,
(not being registered with the SEC)
communities and- another system, known as the Hot Springs District,
will be distributed .in part to
the promoters in consideration for
fxrvts' three
communities in the- southwest section pf South Dakota.
prorfiotional and legal -services."
\
' - '.:' 'VIn
addition- the company provides electric service in the community '
The capitalization of the corporation is as follows;'
;
"of Farmington, Minn.; which is located in the eastern part of the
Authorized
Outstanding
Stare, a" short distance souih of St. Paul, Minn.
As of June 30, 1948,
Class "A" stock .($100. par)
—
4.000 shs.
;;
4.000 shs-.
tne-company serVed a total of 8,637 electric customers,

whicig extends

belt-

v

about one-half the length

the eastern-.chd>td: Murdri

at

.

Centra? Electric & Gas Co.—Preferred Stock Offered—

•

mentioned

As

in

issue

Oct/18, Paine, Webber,
.& Curtis; Stone & Webster Securities Corp. and

Jackson

our

"

....

The present plans of the corporation are immature in the following
in the distribution and sale of- natural
respects.
The corporation owns no site for the erection of the pro'
gas' in 39. communities situated in
17 counties in eastern and south- --.posed plant, nor have any contractural or other arrangements been ;
ieastern Nebraska,- including Lincoln, and in one community in 3outh
macle for- the acquisition of such property.
No orders for-equipment;
Dakota, §ipux: Falls; located in the southeastern • section.
Propane,
V .of any kind have been placed.
'e.ir -gas is sold in one community, Norfolk, ilx northeastern Nebraska.
V:-;/ ■'v:'"
•
The promoters of the corporation have no funds presently available?
;At June 30, " 1948, the company served ' a' total of' 53,672 customers
for
investment in the secuilties of the. corporation.
with natural gas and 1,851 customers with propane air gas.
y
Principal voting power oi' the corporation is vested in. the clas:> • :.
The company is engaged in the distribution and sale of electricity
"B", common shares, issued lii part to the promoters for promotional
.

The

3,000
3,000

Ball, Burge & Krausj._2___

.

common.
directors would

of

debenture

The

384.085

propalie &ir gas opwations.

3,000

William

of

V

(10c .par)

Butcher,

.

3,000
3,000
3,000

Crowell, Weedon & Co.

'

C.

A

-

Butcher ■&- Sherrerd„2

Corp.

States

5,000

—

Eoswcrth. Sullivan & Co..

__

'

win

.

1 wo

stk. & surplus—

per

rate

board

The

preferred stock.

stock:

pfd. stk. (par $50)—co..
preferred stk. (stated

BUSINESS—The

furnishing

Number

of Shares

The First Boston

shares

capital stock Of the
June 30, 1948, and

consolidated, as of

consolidated.

$3.50

debenture, due 1954, with accrued interest, would
in cash, $500 par of 3!a% debentures duo
of 6% preferred and $306 cash or common
per share.

par
of $1

years,

senting

against

stock

that of
of the
through
subsidiaries,- fUlUishes
telephone service in various parts of the
States
cf; North
Dakota^ South Dakota, Minnesota, Ilmois, loiva,
Wisconsin*
West
Virginia,
Virginia,
North Carolina, Georgia and
Florida; Of the. gross revenues from direct operations of the company
ior'the l'2-months ended June 30, 1948, 87.6% was derived from gas
property, 12^ from electric property, and -.4%
from water property.
Of ;such."'gross. revenue
of the company from gas property, 98.5%
was - from
nailirallgas; opei-alion's and -1.5 %
was from artificial or

follows:

as

'

of Shares

common

shows the funded debt and
preferred

65,000 shs.
30,000 shs.

...

per

the

at

20

992,126 shs.

$16,931,000

(par

four

interest

$175.40

years," $200

.

Outstanding

$50

one

ex ¬

of

for

$1,000 of 3%' debentures, due 1948, with accrued interest, would
$126.90 interest in rash, 8500
par or 3%%
debentures duo
$200 par of 6%
preferred stock and $300 in cash or.;,
common
stock at tnc rate of $1 per share.
.
.
.
.
Following the reorganization the company's capitalization would con¬
sist. of $9,018,500 of 312 % debentures,
104,874 shares of 6% preferred..
($100 pal); 556,828 shores ($1 par) class A common and 11,523.16:2"

582,000

Authorized

etk.

Com.

the

and

of

shares

-

cumul.

20

-In

$2.50 cumulative

31
of

*4.75%

$0.95

.

Each

\

2,375,000

debt—company

subsidiaries

■

preferred, plus accrued dividends,,
class A common with warrant:?

(Wo shares of

shares of common at $1 a share.
7 % preferred, plus accrued dividends, would be
share of new 0%' preferred, $100 par, and

10

share

"receive

1,862,000

Unlimited

$2,500,000 ;- 65,000 shs.
30,000 shs.
*1,325,000 shs.

conversion privilege of the new

Minority-intr in com.

1942

Unlimited

-

165,000

share of

receive

$1,732,000

subs, consol. $17,056,000
stock-—subs, consolidated
2,300,000

~

,

Preferred

$0.63

names

of the

lollowing table

Funded

Share

Common

August

r

s.ock
would

.

1941

ended

UNDERWRITERS—The

respective

-.

the

basis above

$0.51-

months

'12

the

on
-

per

sale of

the

of

share

per

$50)..

(par

reserved

be

to

are

exercise

the

The

completion

slk.

pfd.

•company and its subsidiaries,
after trie issuance of the new

inclusive, and 12 months ended
outstanding the number of shares, that

been

had
upon

earnings

"1959

1938

'

1947,

to

—Earnings
$0.61

60.0

,

August 31*

follows:

as

0.72

*There
"

1938

years

the

2;' : '

C '

'

,

V

ended

outstanding

offered,

have

2^"

■

cumul.

three

of

of class A.
Each $1,000 5%%

Outstanding

Unlimited

1,

.$2.50 cum.-pfd.lstk.-(Stated val. $50t__
Common stuck (par $3.50)

'

deposited-

shaijes

'Fund

due June

share.
'1series of 6%

$1- a

purchase

stock

Authorized

-

Bonds:
1974.-2Serics B, 3'/4%, due Nov. 1, 1969
Sn-ies C, 3%'7, due June 1, 1974...
37Msink. lund debs, due Aug. 1, 1962.^Sinking

A,

,

Mitre

pur

exchanged for

changed

Only)

1

''

-

Mortgage"

Series

59.5

0.69

1

i 1942__:

;
First

V-

$1

Rt

share

be

Each

-

of

-

■

77.4

0.92

1941_,,_

.

'

;

,V

0.94

(Company

at

Each
would

in

Earnings per

Corp.—New Plan—
■
>
reorganization which
Nov.- 15.
time on

has.formulated a plan of

ilvunecLately after the effective date
of
the plan
anci
an
additional warrant to purchase another haL
share at
50 cents
a
share within 120 days.' The latter warrant la;"
not to be given
to those stockholders who do not exercise the first

FINANCING

PRESENT

TO

EFFECT

GIVING

CAPITALIZATION

.

Woclworth Co. 98,500 shares' of capital stock
(par
$10).
Price, $44% per share.
Offered by Merrill
Lynch, Pierce,'Fenner &• beane; Lehman Brothers;- Halle
&
sticglitz and Associates.
W.)

(F.

common

new

dividends
"

Offered by Blyth & Co.,

'

■

present to the U. S. District Court at Richmond, Va.,
Tho court is" scheduled
to conduct further hearings at that
any-proposed plans for reorganization lor the company.
The plan prov.des that for each share of common stock
■the
holder would receive a warrant to purchase one half

peak-shaving
$90,000 for the

to

additions

Curtis;,

6,000 shares of common .stoct;

Timber Co.

will,

line in South Dakota,
the company's proposed

of

& Co.;

Corp.;

•

•

corporation

The

•

gas

and
replacements
gas distribution systems.

represents

electric

its

of

a

propane

a

balance

The

Kadoka.

or

transmission

electric

the

of

and

Murdo

between

all
made

of

for

Lincoln,

at

■

interconnection

time

&

Central States Electric

cash-

Audit ional
be made by
of temporary

telephone subsidiaries.

its

of

stocks

common

,

$15,293,474

j/:,.i ;y-

made

common

the-.-'conversion

retroactive

follows:

as

in

This

company's pub.-

certain minor

with

then

of

the

to

as

income

to-1947, inclusive, and
net income as adjusted

the

on

stock

common

(based

of

periods,

years-

1948,

such

share

per

statements

lor

for

and

ended

840;000

dividends on it)?'.
ig48 quarterly dividends of

on March 1. and June 1, and a quarterly
share was paid on Sept. l.
1947, inclusive, and the 12 months ended

per

the earnings

inclusive,

months

In

1920.

since

year

17%

the

lished

each

:n

paid

has

s^are were paid

of

31,

DIVIDENDS—Company

in

of class A common stock
share.
Offered by Blytli

shares

5,000

4,420,186

portion
:adVanccs already made* or to bo
to such subsidiaries.
The
company may
apply part of the net proceeds from the sale of the
n.:w
preferred stock in making such additional investments in com¬
mon
stock equities of its. telephone subsidiaries
and such temporary
edvahebs thereto and may also apply part of the net proceeds for
"'its
own
construction
program
or
for other general corporate pur¬
poses.
It is estimated That p^ant expenditures of-the company on its
awn
properties during
the year 1948 will approximate $1,000,000.

-

STOCK

has

company-

investments

:

Corp.

Price,

Co.; Inc.

&

...

investments

and

Oil

$1).

(par
;

...

Tnc

:
:

COMMON

>

•

" ■■'■r

:

stock (par $2.50);>

shares of common

Price, $62 per share.

par).

ino

Inc.

Motors

-

Hickok

.vW'V-

stock- (par

common

.

Investment News

..

fered

..

agent,,

5812,500 Borden Co. 20,000 shares, of

i/'-

•

.*

Price, $6 per share.

'•

....

shares of common stock (par
Offeied by Blyth & Co.,

2,600

per share.

share. Offered by White, Weld
Co.; Paine, Webborf Jackson &

per

Moseley

Higginson

372,000 Weyerhaeuser

of common slock
Offered by Straus & Blosser.
shares

40,000

Corp.- 30,000 shales of common stock
$10),
Price (approximately), $60.50 per share.
Ofby Harriman Ripley & Co. antl Blytn & Co., Inc.

(par

•

Issues Not Representing New Financing

>

$1).

General

1,815,000

'

.

(par

' '*

.

Co.

Manufacturing

stoc:;

common

Kebbon, McCormiek & Co.; MasonHagan
Inc.; Brush, Slocumb & Co.; Estabrook & Co:;
Lairdr Bissell & Meeds; William R. Staats Co.; Watlini;
Lerchen & Co.;
Eddy Brothels & Co.; Grubbs, Scott A.
Co
Inc.; Wm. P. Harper & Son & Co.; The Marshall
Co.;
Sills, Mintoh & Co.; G. Brashcars & Co.; F. S.
Emery & Oo.i
w. ycranton & Co., and The Ohio Co*

'

'

Ero

240,000

•

:

$14,50

S'

F

shares of capita',
share.
Offered by

Offered by Lehman

share.

per

'V:

,

Price

,*■>>'

,

'

•

Government

Inc,

per

shares «0f

32,000

$13

,450,000 Verney Corp. 100,000

Edison Cq.

•

'

.

A.

M.

Inc.

Price,

94,900 Riegel Paper Corp.
$10).
Price, $36.50

468,750 Eastern Corp. 25,000 shares of common stock (par $10).
Price, $18.75 per share. Qfl'ered by Carl M. Loeb, Rhoades

;

&"COj

$25,871,419

of common stock (par
Offered by The First
Schapiro & Co., inc.

Lee

share.

per

and

'.'/•^man, .Sachs & Co.'

,

Purpose,

,

Corp.

Commonwealth

Corp.

$23.50

Brothers.

51§, 1)00, Continental Casualty Co." 1,000 shares of capital stock
f (par $101.
Price,$51.50 per share.
Offered by; Harris.
'Hall & Co.: (Inc.)
'■
' !'
' >■ >t "■* ' --'V

■'<

Casualty "Co.1, Cedar Rapids, ,fowa 10,000 shares
of $1.40 cumulative ..i-onveiaible prtreiieu stock ipar'$i0).

r;

'

'

;

.

31,000

Share

Price,

&

Brothers,

50c).,

(par

V

,

Inc.

& Co.,

Blyth

" v.

.

par).

(no

416,000 Reeves

107.700 shares ol' capital stock
>(par $25)'.Price,$25.37% per share.
Offered .by *Gqld-

2,732,888

a

100,000 United

.

Investing Co. 45,000 Shares
Price,
$8.62 Va
per 1 share.

City
$5X

(par

modernization- cf

'

.v"f f

stock

Offered by Merrill

•

Bond

728,500 National

25,000 shares of common

Adding Machine Co.

par). Price, $16 per share.
Pierce,. Fenner & Beane.

(no

Lynch,

stores and
facilitie ',:;
working capital; etc, PTice, $20.50 per share. ' Gffered -for .'
subscription by stockholders. UnsUuftcribed Shares ry.oia)
sold-through underwriters Hemphill, Noyes" & Co; and
Men ill Lynch, Pierce, Fenner & Bea"he>>-:'v'.
aV
^

•

shares of common stock (par
Offered by Lee Higginson

10,250

Co.

Offered by Lee Higginson

Price,.$8 per sharp.,
.

stoc):

11,750 shares of common

Co.

Forging

Drop

$!).»

(par

Corp..

Price, $27.50 per share.

400,000 Burroughs

..4:1'-'!;;' stock

*

Ftie^cr & P°-< Inc., and Sterling, Courtney & Ewing, Inc.*

»a:>-> 'v-

Bruce

94,000 Moore

Peabody

Noyes & Co.

■V' Corp.; Hiillgarten & Co., and Farwell, Chapman & Cpv.

Dickson & Co.; Inter¬
Investment Co., Inc.;.Juckson; & Smith; McCarley & Co.; G. H. Crawford Co;,
Inc.; Lecdy, Wheeler & Aliemun,vIAcf; R. Sf Hays
Co..',
Iiic.; . McAlistcr; Smith & Pate, ine.f .H. T. Mills > J." Lee
state

L.)

by,f Kidder,

Offered

share.,

Hemphill,

and

'$2,501.

•

il,700,000. (J. -B.) Ive.v &^ Co.. 100;000 shares of'common',stock ; (par
:
15),
purpose,.! acquisition, of constiufent company.
Price,'
$17

Co,

281 875 IE.

(1691)

CHRONICLE

FINANCIAL

THE: COMMERCIAL

Number 4745'

163

of

>
.\
'

'

associates

Oct. 14 offered 30,000 shares of $2.50 cumu¬

on

•

lative

preferred stock (stated value $50 per share) at
$48 per share and accrued dividend. " Further details'
follow:-

-

-

-

-

•

-

s

-.

■

'

j

,

1

,

Clas^ "B'! stock ($100 par),'
1_
1,060 shs.
*400 sho,
to certain indus*400 shales of class '"'B" common stock will be outstanding as pro'
for such service
.inotienar stock with the sale of the class"A" shares.
■
■
by having normal monthly requirements exceeding' 400 Mcf and by
the- rate of 5 -shares -of common
>■
PURPOSE—There is no assurance that any cash proceeds will by ,
"installing, and maintaining" adequate standby facilities to take care
or
prior to Oct. 31,
1958,,'-such ccn'version 'fates being "subject ' to'%
received by the corporation from the sale of securities now offered.
cf thqir entire -requirements in the .event .th.e company finds, it. nec¬
adjustment cT ; change upon the happening of certain contingencies.
In
the (iVent that- all of the offered class "A"
non-voting common
essary; to", interrupt '-their
service owing to an insufficient supply
Thereafter the shares of $2.50 cumulative, preferred stock have
noV
'shares are sold, the proceds to the corporation will be approximately •
of
gas.
Under. The "three largest contracts covering the sale of gas
conversion rights..
r
$400,000.
Of
sv-ch
proceeds,
it : is
estimated that-: annroximatfilyv
.on
an
interniptible basis, for the year ended June 30,
1948, the.
Divitunds
payable quarterly on last days of "March, June, Sept,/
.$345,000 will be -expended in the following manner: $150,000 to start*
company
received $827,295, or approximately 14.73.% of gross gasand Dec. i:i ruch year.
Redeemable, ill whole cf in part at any time,
operations with the electric
furnace, $195,000 to start operations
revenue for 4his period,-constituting almost 33%
of gas sold by the
at thp option of the
'with the rolling mill after financing of the electric furnace is complete,
company,, upon not less than 30 days' notice,
-company :during this period.
Owing to the narrow margin of profit
at $51 per share during the 24 months' period beginning July 1, 1948,
.approximately $55,000. would constitute an addition to the working
on
interruptibleasales of gas, the net revenue, after deducting cost ;
'

Convertible

into

•5shares, qf

stock

common

common,

on

the

• company
at
the rate -of
share, -of $2,50 cumulaiiva
to Oct. 31, 1953, and at
stock if cohverted thereafter and on

stock.,fqr

preferred >tock; if converted

of

.

.

'

Iiiterrupt ible

each

trial

or ,prior

customers

gas

and

service at low rates* Is provided
public authorities which qualify

.

.

.

,

reduced

by' 25c

share' at
the expiration of said
24
months' •
additional 25c per share at the expiration of each
24 months' periods thereafter and after the'
expiration of the fourth of such 24 months' periods, the redemption
price
is
$50
per
share,
plus
accrued
dividends
to ' the
d'at'e
of ';
redemption. Fi 1st National Bank of Chicago, ..transfer agent.,

period and by
-the

of

two

per

an

PROCEEDS

subsidiaries of the company
construction programs "requiring large
amounts-of new capital'. (■■During1947' these subsidiaries' made plant '
expenditures of approximately $4,000,000, reflecting the
commence¬
are

,oi"

engaged

OF

in

gas

.

SALE—The

telephone

purchased but: before other expenses,
rinly slightly in excess of $111,400.

tracts was

succeeding

^

from these three con•
'

Iri Hot "Springs; South Dakota, the company owns and. operates
at June 30,- 1948 served 971 customers.
the

I11
...
>

comprehensive

\

communities

where

gas

electric

or

service

is

a

the-company,; no, other public utility, either municipally or
owned, provides the same sex-vice as the company.
. %
VvV>v

UNDERWRITERS—The

underwriters

named

below

by

provided

have

privately

'

severally

,

>

quirenxents
materials
balance

both

;

of

of
;

subsidiaries .will:;be .met

to

some,

extent

by

cash'

and

supplies on hand. ; Company contemplates1'^that; -toe
the .financing: necessary. will consist; of equity-securities

and

the

company

and

its




subsidiaries,

principally

common

stuCK.

-

and

and

,

Chicago Great Western Ry.—New President^Stauffer Kansas City coal merchant, has been elected Presi¬
a director and a member of the executive committee to succeed
W.- Burtness, resigned.
T

Grant

V

IT.

Pays Off RFC Loan—Debt

and

'

of

Pres.

President'

dent,

.

:

,

promoters, and initial directors, are Lewis E.
Chairman of Board; Lewis B. Kean, Jr., VieeSecretary; and Mason E. Miles, Treasurer.—V. 166, p. 2101.

PROMOTERS—The

Keah,

watbr system which

agreed to purchase and the company has agreed, to sell to them
partial completion of a tentative program of rehabilitation
'.revirally ;at-a'price.of $45.50 per share for the new preferred stock,
and expansion of their properties, wliich,
if consummated-, will. uiti- ; ;+the riumber'- 6f 'shares of new preferred stock set opposite such under-,
matoly-,-irrvblve' expendifures'-ovtiV the. next- several years or lipproxi- ' iwriter's name:
• -■
>,.■"'
>-.'V '>>
mately $15,000,000.
Current consisiuction consists principally of re¬
■"..
No. of shs.
a
; T-:'.;:
No. of shs.
placement, improvement and extension of present telephone facilities
The Milwaukee Co.__
1,800
Faine, Webber, t Jackson &
and include-the conversion'from manual to dial operation of many
.First Trust Co. of Lincoln,
6.000
f- ; Qui; t
„
exchaiig-e^r Company contemplates, that, the construction program -of
1,200
Neb.
L
Stone & Webster Securities
its
subsidiaries in
its
initial
stages will be largely
financed with
1,200
Bosworth, Sullivan & Co.__
6,000
Corp.:
subsidiary
term, ..loans -which, ,as--construction, progresses,
will be.
1,200
A. C; Allyn ,and Co., Inc.ai: 2,250;
Brush, Slocumb & Co.--—
largely refunded by, the issuance of subsidiary "long derm bot'ids and
600
Carter H. Harrison &"Co,__
2,250
Central Republic Co:" j Inc. Iserial
fvotss of extended
maturities.
The tver*all con'stiUction
re-'
600
Edward.D. Jones & Co.—ment

capital.

«

•

Hcrnblcwer & Weeks__-_^-_

,Lee
,j

Higginson

Paul H. JDavia
—V.

168,

p:

Gorp.-„T____.

:po.LtX-->r
' :
:

1578.

'2,250;
2,250

•

McCourtney-Breckenridgc &

.

'

-

1,800

.600

The

Cut to $7,534,700— J;

Oct. 19 madc-.n $2,000,000 payment to the Recori- v
CorpV the final " instalment on a 10-year loan
1941.- The original loan of $6,396,870 was made to carry

company

vitruction

on

Finance

negotiated in
"out fthe railway's reorganization program.
The debt of .the railway is now down to $7,534,700
bonds uid $2,825,800 income bonds.
Interest charges
bond,

The

issues

railway

'increasing
-come

total

into

$428,000

first mortgage
on both these

annually.-

announced, "however,

that equipment notes have been

and will be increasing; during 1949. as new diesel engines
service., Equipment indebtedness is now $6,742,578, with

At the end of 1949, equipment
indebtedness will be about $12,500,000, with an annual interest charge
of
about
$315,000.
The, railway announced that.it will be in the
market soon for $5,400,000 of equipment loans—V. 168, p. 1479.
an

annual intere-.t

charge of $160,060.

;.
-

8

(1692)

THE

Chicago

North

Shore

&

Milwaukee

Ry_—Proposed

Commonwealth

Abandonment—
The stockholders

the

upon

The

at

of

the

as

meeting to be held on Dec. 15 will vote
that part of the lines of railroad of the

Shore

Line

Route

and

operations

territory served

of

Shore

Line

operations.—V.

166,

The

company

retired

$10,173,850

convertible

16

& Pacific RR.—Retires Bonds—
announced

principal
series A,

bonds,

1579.

p.

Oct

on

-

/% ,>'';<:

t

Chicago

St.

Paul

Minneapolis

Omaha

&

The

•'.//

>

issued

invitations

bids

for

194,000,000

to

received

be

Nov.

000,000
credit

H.

Cooper,
had

reserves

Vice-President

been

invested

has

company

in

for

the

168, p.

with

of

cash

and

same

week

of

of

last

of

&

20,

of

group

banks

announced

New

York

when

The
mine

expires.

The

in connection

anticipation

of

with

the

company's

permanent

City Bank of New York
banks

will

long-term

participating

as

15

of

the

Bank

Manhattan

of

New

York.—V.

168,

10,104,188

___

$31,775

93,137,499

$250,094

$452,626

$88,858

'

'

18,800 shares of

is

The
of

proceeds

the

sale

of

of

the

the

sale

106,810

of

the

bonds,

additional

together

common

with

shares,

the

will

at $64 per share with
members of NASD.-

used

CONSOLIDATED

(no par)

had been

oth.

inc.

by

Co.,

Aug. 30,'47

Fed.

State

&

Int.

inc.

operating

Operating

revenues

expenses

Depreciation

and

Taxes

notes

on

Sept. 1/45

$456,037

*$4,300,063

294,732

265,699

258,294

par)

29,164

on

31,154

70,000

1,583,000

9.92,000

46,118

$431,236

49.725

*$198,232

$2,091,075

$1,004,225

562,803

562,800

562.800

562,800

share..

"Includes

$0.76

$511,115

profit

$0.14

realized

sale

on

$4.21

of

plant.

$2.28

^'Deficit.

First

Boston

dealer

Corp.

that

announces

agreements

to

solicit

stock

With

the offering of 1,223,000 shares
subscription by its stockholders.

for

The
cated

announcement
stales
that
in 37
states, the District of

The

common

subscribe

for

stockholders

the

stock

at

of

of

ihese

security
and

Oct.

5

share

per

stock

common

Columbia

record

$10

540
security dealers have
subscriptions in connection

540

Columbia

lo¬

are

Hawaii.

given

are

for

of

dealers

each

the

right

shares

10

to

1579.

Chairman of the board of directors,
Carl E. Kayser as
President, and T; R. Goebel as a Vice-President,
was announced
on Oct.
18. Mr. Kayser fills the
vacancy in the office
of President
resulting from the recent death of Reid
Langdon Carr.
The office of Chairman of the fjoard had not been
occupied in recent
as

years.

has

been

actively

company during the past
1940 as a Vice-President

Mr.

Kayser

Assistant

to

the

Vice-President

Carbon
tions

Co.,

for

Goebel

prior
Oil

the

member of

a

company
and
since

engaged

to

has been

as

with

operations

the

of

this

board, and since

company.

in

v:,;:/■■'/'//;

Shell

will

the

the

President,

actively

company.
Mr. Goebel,

15 years
of

with

came

connected

all

on

Jan.

April,
phases

1,

1946

1948
of

has

the

as

as

of

Texas.

On

Nov.

1,

assume

1948,

p.

Houston,

premium
bonds

other

be

used

companies,

excluding

ended

16

a

Oct,

year

the

are

percentage

other

electric

increase

over

Co.

and

utilities,
the

for

the

and

$7,659,572

1947

231,126,000

: % Inc.

Sept.

25—

—V.

168,

_

8.5

212,856,000

363.924

438,585

$6,773,945

$8,098,153

213,962,000

7.7

209,494,000

9.4

1579.

p.

—

and

Corp.—Earnings—

Gross

Provision

Other

deductions

Federal

Net

income

profit

months of

of

$3,187,400
,2,390,100

(net)—:

statement

$146,400

1947.—V.

for

168,

2,125,300

10,600

:•:/ $3.26

$3.91

nine
p.

includes
months

charges

of

1943

1.

Subscription price

Co.—Secondary Offering—

& Curtis

President

His

election

Oct.

on

of

the

National

strengthens
the

of

18

made

directorate.

33,500

$171,900

for
and

depreciation

$123,600

for

and

nine

sec¬

a

F.

and

C.

Co.,

has

have

Co.

preceded

Bescnorman,

W.

been

standing precedent,

Lead

W.

1938

Doehler-Jarvis

a

Lead

long

a

National

to

1932

was

Oct.

on

13

filed

Rockwell,

director

letter

a

of capital stock

for

construction,

168, p.

shares

each

(no

of

nine

from

Vice-

a

President

as.

1938

1948.

to

of

notification

with

the

to be offered at $2.50 per
Inc., New York.
Proceeds
development and sale of helicopter

742.

j

168,

The

'

•

-

1

to

is

and

1253.

p.

additional

not

shares

not

underwritten.

improvements
/

and

A.

for

doubtful

Other

deductions

applicable

reported

1580.

NOTES

»_

before

Prov.

for

Net

:

36,313
v

1,783

$565,351
21,421

174,338

the

six

share,

months

based

ended

30, 1947,
shares
out¬

Net profit of French suosidiaries
applicable to parent company
16,051,320 francs in 1948 and
11,944,759 francs in 1947.
Net profit
of Italian
subsidiary applicable to parent company was
4,812,007 lira
in 1948 and
8,735,418 lira in 1947.—V. 167, p. 249.

Country Life Press Corp.—Calls Preferred Stock—
the

of

accrued
York

dividends

the

full

Co.,

of

$6

New

share.

per

York,

present

may

N.

their

Payment will

alloy

Called

It

new

the

steel

announced

basic

With

output

and

of

steel

184

ovens

at

mining,

for

by

other

facilities

volume

of

fuel

the

operations,
Works

average

with

month

in

Expanded

stainless,
require a

be

•/■

/;

•

coke

the

brought

a

and

.1,7

of

at

open

directly

finished

hearth

at

Midland.

95,000

level

the

reflects

in

the

the

$4,396,398

$3,607,303

4,994,824

4,994,824

1,248,706

$1.15

$0.79

*$0.66

share.—_

requirements.

split in July,

$ Adjusted

to

give effect to

1947.

flow

Inc.,

do

to

research

and

compressors

gas

N.

Agreement—*

Y.,

has

entered

into

Co., Inc., an affiliate of
development and design work

turbines.

been

inception
will

identified

and

has

Under

the

arrangement,

with

continues

acquired

continue

a

under

the Flader company
practically since
as
a
large .stockholder of that company.
financial interest in the Flader company

local

ownership

and

tofore.
..

The

axial

flow

management

,•./.. /

.

has

compressor

been

here¬

as

"/V'"v- •■/■•'/'/:' ■'/

recently

developed

and

Clark

expects to establish a wide market for its application ill the
mining, petroleum and chemical fields. In the designs developed
by
the

Flader

drive

and

is

extensively

The

the

company,

shaft

ployed

Flader

turbine

to

the

by

power

jet

engine

of

means

recently

a

em¬

aircraft.

will

company

produces

similar

gas

otherwise

in military

continue

to

do

military

work

and

all

types

of research development and experimental work in other fields.
company
is also engaged in atomic research and development
and in the manufacture and sale of
products in the field of engineering

The

Dunk

168,

1580.

p.

Donut

Corp., Highland Park, Mich.—Files With

SEC—

•

Oct.

shares

15

of

letter of notification

a

stock

common

(par

$1),

filed

was

be

to

168,

with

offered

the

at

SEC

for

market.

7,50Q

Under¬

448.

p.

Duplan Corp.—Earnings—
Net

31—

sales

Profit

1948

taxes

income

1947

1946

$7,335,965

$7,154,918

;

$10,369,232

A

before

No.

of

2,106,820

taxes

992,534)

800,000

—V.

Not

377.000J

Staled

plans

call

month,

per

about

fur¬

65,000

534,262
291.481

$1.78

$1.83

1143.

p.

(E. I.)

This

the

Poiit de Nemours & Co.

du

company

30,

of

of

clude

More

as

of

as

76.980

holders

than
was

of

of

94,557
the

over

of

1948

(Inc.)

different

number

and

an

of

Gain

—

in

more

than

holders

represented among

one

were

du

stock

1948

kind

women,

Pont

stockholders
holders
of

as

recorded

3.573

over

of
at

the

.

common

third-quarter of

of

increase

Sept. 30, .1947.

holders

the

40,000

by

313

first-half

holders

stock

6,097

Union

the

were

preferred

owned

was

increase

an

close

number

as

tons

615,534
346,138

$1.68

^

Stockholders—

There

/Present

of

Midland

electric

1,306,820
776,985

share

per

168,

charges and taxes

shares

common

Earned

-

and

tons

the

and

ended.

of

23.674
These

holders

figures

of

in¬

stock.

and

every

stockholders.—V.

state

168,

in
p.

the

1360.

facilities

(The) Duraloy Co. of Scottdale, Pa.—Listing—

high-carbon

of

this

.

.»•,

$5,901,096
2,293,793

Bros.,

Dresser

Sept.

some

the

battery,

new

at Midland, especially for flat rolling
steels
for
myriad industrial
uses,
ingot production.. Also, semi-finished steel
shipped for' further special processing to Crucible
v-it : '"'>ritu 1
S

and

,

whole,

centralized

production

put

was

to

%

Steel's

monthly output
early 1940's.

part
is

stock

Net profit after

ovens

approximately
according to William P.

facilities

manufactured

1946

2,794,832

has

its

company.

fuel

gas

Crucible

being

finishing

alloy

Midland

a

of

ingot

the

good

plants.
As

and

steel

63

including

will

1947

.$7,191,230

important applications

Snyder said.

part
production is

from

coke

of

greater

compared
per

of

a

Midland, (Pa.)
works.
coke
by-products represent
development alone in 'the

for

for

•/•

Corp.,

industries.

of

1948

dividend

Industries,

axial

On

company's

per

expansion

an

New

degree never
metallurgists of this

have

battery

the

center

in

Midland

to

'

3,963,253

taxes-

writer, Charles E. Bailey & Co.—V.

hard

168,

./.•*• •

«

Subs.)—Earnings—

.

outstanding^;

common

common

Federal

to

and

new

at

20

day, an increase of one-third,
Snyder, Jr., Chairman of the board.

nace

the

time and receive

material.

$6,000,000

production

coke

Oct.

expected

that
20

and

-

Olean, N. Y., will manufacture these products and sell
through its international
sales
organization.
Niagara
Share

Develops New Hard,

tough

on

new

is

added

some

of, coke

tons

Oct.

on

ovens

expenditures

1,800

the

aircraft, automobile,
also

both

is

described

who developed

operation

big

that

was

HY-Tuf,

was

The

at

per

3 Months Ended Aug.

steel

achieved

company,

into

made

any

:

$6,393,445

shares

physics.—V.

redemption price, plus above dividends.

new

the

at

'• Vr.V'C

them

,

certificates

Crucible Steel Co. of America

in

be

Y.

stock

Commission.—V.

-

Flader, Inc., of North Tonawanda,
long-term agreement with Clark Bros.

on

for

Trust

Holders

and

$10,356,698

income

preferred

IDresser

outstanding shares of 6% cumulative preferred stock have
redemption on Dec. 1, next, at $100 per share, plus'

called

Co.

1948,

Bros,

June

1,537,435

on

•

Dresser Industries, Inc.—Affiliate in New

1,537,435

(2)

All

sinking

&

15,

-1348—9 Mos.—1947

Frederic

632

$368,960

per

3Va')

Ames

Sept.

A dividend of $250,000 was received Irom
an
associated company
during the three months ended Aug, 31, 1948.—V.
168, p. 1143.

a

minority interest

$0.23

or

E.

Exchange

/•.*.• :;;X

profit

"After

1948

than

______

ard

/\-\''ifi

'

•'

taxes

Federal

Common

1^043,485

-

Securities

/*...•

Quarters End. Aug/31—
Profit

$1,646,931
—

accounts

(1)—The net profit for

A.

dated

••

Dow Chemical Co. (&

will

(France) and Other Subsidiaries in

Net
profit
Capital shares outstanding

was
$354,241,
standing.

$6,000,000

is

1948—3 Mos.—1947

the

to

,

4-for-l

income taxes—,

to

issue

,

°As

"Earnings

(net)—

Provision for foreign

of

by

privately

The

*$38,640,283 $38,034,014 "$81,437,050 $92,568,384

■/

*

corporate

Continental Europe)

sale—:

011

issue

an

sold

purchased

Proceeds
other

sales

tr"

the SEC
commpn (.stock.
The shares will be
Nov. 5 for
subscription at rate of
held at $33 per share.
Stockholders

issue

that

been

Corp.

period End. Aug. 31—

Net

par)

additions

state

has

Securities

Financing

,

record

right to subscribe

SEC

(par $1),
& Co.,

Douglas Aircraft Co., Inc.—Quarterly Sales Up-

^

'

shares

despatches

debentures

Clark

741.




expire Dec.

and
Sept. 15, 1963.
The proceeds will be used to retire $1,001,900
4% redeemable
treasury' notes, maturing Oct. 15, 1949, and for general
corporate purposes.—V. 167, p. 1149.

$3.74

__

—___

140,000

$467,700

.___

above

$2,470,700

319,000

—_

taxes.

—

NOTE—The

depletion

—_____

expenses—

Toronto

$5,213,628

Operating profit—

The
1947

of

98,994

$5,416,996

.

property

profit

Works, Mr.

1948

—

used

Dominion

1,358,422

29,008

$4,777,531

*

stockholders.
for

mounting

Nine Months Ended Sept. 30—
Net sales

Costs

be

fund

1,427,112

Crll6,861

Selling, general and administrative
expenses
;
Depreciation of property, plant and
equipment other
that charged to cost
of goods sold.

The

Consolidated Cement

will

matures

1,327,940

______

—

share.

/;%/;"

9.0

230,535,000
229,284,000

9

2—

213,040,000

232,032,000

Oct.

Oct.

stec

the

and

Dominion Foundries & Steel, Ltd.—Private;

expenses

(Excluding Coty S.

week

corresponding week

1948

16

with

Stockholders

15

Chemical

from

shares

$6,410,021

CONSOLIDATED EARNINGS FOR SIX
MONTHS ENDED JUNE
30,

before
associated

kilowatthour output totals of the
past four weeks
with 1947:// .' c\ /:/•' /;// ;/, .'
„

debentures.

rights to subscribe to $100 of deben¬
capital stock held.
Transferable warrants

Underwriter, John Nickerson

rotors, etc.—V.

Coty International Corp. (& Subs.)
—Earnings—

A

comparisons

Week Ended—
Oct.

to

8.5%

an

Edison

ago.

Following
and

sales

showed

company

will

Tough Steel—
Commonwealth

25.

Oct.

1580.

p.

20,000

share.

v

1142.

of

168,

4,394,390

redeemed...

stockholders
for

purposes.—V.

Mr.

Commonwealth Edison
Co.—Weekly Output—
output

record

registration statement

a

convertible

Doehler-Jarvis

3,566,237

1,612,114

,

will also have the

Texas,

Electricity

of

Doman-Frasier Helicopters, Inc.—Files With SEC—
for

premium

(net)—

458,158

to

share

been

charge of a new office of Columbian Carbon
Co.,
to implement the
company's program of enlarge¬
ment of its activities and
operations in gas, gasoline, and oil.—V.
168,
at

the

debenture

the

the

executives

Lead,

3,661.901

bonds—

on

per common

covering

a

opera¬

Houston,

holders

to

in

_

on

principal

Almy

served

6,282,960

438,469

168, p. 845.

offered
one

the

election as a Vice-President of
Columbian
regional director of gas and gasoline

Inc.,

—V.

J p,

Executive

served

business

/'/;'//'//://

■

his

the

Co.,

1

/

.

of

Nov.

Martino,

6.304,022

is

Hillas

Nov.

paid

total

'

share

per

Nov.
made

bank

former

the

on

which

Columbian Carbon Co.—Changes in Personnel-

Mr.

A.

3,375,710

income

Profits

Election of Robert M.
Hillas,

1946

24.912,910

______

of

held.

Rights expire Oct. 28.
'
The Guaranty Trust
Co. of New York has been
appointed agent to
accept subscriptions for additional shares of
common
stock.—V. 168,

p.

1947

&

National

Consumers Power Co^—Registers With SEC—
'
The company on Oct. 14
fil^d a registration statement with

Columbia Gas System, Inc.—540 Security Dealers So¬
liciting Subscription for Stock—
The

of

by

of Aug. 28.
1948, earned surplus aggregated $14,139,692
compared tc $13,989,856 at Feb.
28, 1948.—V. 168, p. 1359.

signed

filed

given

$100

director.

a

two

President,
of

$1,3691,530

NOTE—As
as

The

year.

$2

per

payable

Doehler-Jarvis Corp.—New Director Elected—

him

$6,272,785

deductions

Net

281,400

shares.

com.

per

about

retire

$5,834,316

amortiz.

certain

Earnings

83,905

281,400

$149,836

of

Earned

$2,422,200

281,400

dividends

Surplus
Number

$83,168

281,400

dividends

Common

19

be

shares

each

to

Joseph

ACCOUNT

31.467,319

_v

amortization

400,000

8,137

profit

Preferred

and

expenses

Other

payable.—

this

of

cents

40

each were

cents

offering of 10,187 shares of common stock (no
at $21% per share, with a concession of $1.50 a
to dealers.—V. 168, p. 1142.

share

$36,939,217
21,319,016

income

Portion

—V.
Net

for

elected

$41,267,793

income
income
'.

and

$3,050,978

370,940

330,000

16,

20

share.

10-year

will
15

issued

over¬

$46,981,367

___________

Gross

&

tv.xes

Aug.

per

Oct.

on

10

each

used

The

Total

Interest

Aug. 31/46

■

ondary

Wholly-Owned Subsidiary)

1948

(& Subs.)—Earnings—

other adjustments ___/
Provision for pensions.j

year-end dividend of
voting common stocks,

Payments of

1479.

p.

$1,178,294
_

Prov. for reconversion

25.

Paine Webber Jackson

operating revenues
$32,757,876 $29,710,347 $27,862,563
operating revenues ___L——
13,145,486
10,588,229
8,320,283
Steam heating
operating revenues.
1,078,005
969,217
756,370

(Excluding Canadian Subsidiary)
Aug. 28.'48

/.

,

;

:

INCOME

Gas

Aug. 31—

Operating

6 Months Ended—

'/■/ / './:;■//

Gas

Other

Collins & Aikman Corp.

/

,.v

Electric

company for the redemption at par of $3,000,000 first
mortgage
bonds due March 1, 1952, to reimburse the
company for capital expendi¬
tures already made and for
general corporate purposes, which purposes
it is anticipated will include
capital expendituies in an amount esti¬
mated at approximately $1,000,000.—V.

168,

.

(Including Maryland Counties

proceeds

be

the

Net. prof., incl.
Depreciation

for

since

8 Months Ended

work¬

amount of debentures.
Proceeds will
leans and to meet construction costs.
The
issue is not underwritten.—V.
168, p. 1480.
i1

The stock was offered
concession of $1.50 per share to

a

and

$1

$46,649,500

Nov.

$100

subscribed and the books closed.
Cockshutt

Plow Co., Ltd. — Bonds
Offered—Cochran,
Murray & Co., Ltd., Toronto, are offering $5,000,000 first
mortgage bonds series "A," to be dated Oct. 1, 1948.
Of
the total $1,000,000 3'%% serial bonds to mature
$125,000
Oct. 1 in each of the years 1949 to
1956, inclusive, have
been sold and $4,000,000 4*4 %
sinking fund bonds to
mature Oct. 1, 1965 are offered at 100 and interest.

SEC

share.

additional

1579.

p.

stock

common

the

with

at $1.20 per

for

used

1580.

p.

company

be

be

Corp. announced Oct. 21 that its secondary
offering of

!

15

also

a

and

Oct.

quarterly dividend
also declared, payable

168,

will

timore—Secondary Offering Completed—Lee Higginson

97,115,109

declared

common

record

May

was

was

tures

Consolidated Gas, Electric Light & Power Co. of Bal¬

1948—9 Mos.—1947

10,783,748

be

;

usual

record

&
Trust
Co., Corn Exchange
Bank Trust Co.,
The
Bank of the City of New
York, Guaranty Trust Co. of
Irving Trust Co., Manufacturers Trust Co., J. P.
Morgan
Incorporated, The New York Trust Co. and United States

Co.

of

16,

1947

covering

National

Co.,

notification

of

be offered

to
will

Detroit Edison Co.—Registers With SEC—

financing,

Co., Brooklyn Trust Co., The Chase National
New York, Central Hanover Bank & Trust
Co.,

of

1253.

p.

letter

a

common,

Proceeds

construc¬

York,

Trust

Feb.

stock

Bankers Trust

City

filed

par)
Co.

have

"A"

holders

The

run

the

on

to

on

clearing agent for

Bank

are:

13

(10c

168,

directors

share

The

act

Crucible

Dennison Manufacturing Co.—40-Cent Common Div.—

year

will

Oct.

on

ing capital.—V.

an

—V.
made

in

Other

the

company

Underwriter, Tellier &

present

credit

new

Co., Inc.
use the
100% high volatile coal produced by the
Crucible, Pa.—V. 168, p. 1360.

for. 166,000 shares

$70,-

a

in

Deardorf Oil Corp.—Files With SEC—

com¬

the

for

company's

started

improvements

and built by the Engineering

ovens

at

The

elec¬

year,

that

banks

the

said.

National

credit.

New

no

and

Tapscott

First

securities.

debt

1479.

1948—Month—1947

passengers
to surplus.——

1359.

$600,000

short-term

bonded

no

Oct,.

on

arrangements with 15
effective Dec. 20, 1948,

the

program

Bank

Ry.—Earnings—

Period End. Sept. 30—

p.

loans,

output

plant

of

program

new

Dewey

Cincinnati Street

168,

$449,426

said

Government

System

corresponding

made

Company,

9 Mos.

$57,446

Treasurer,

S.

bank

&

in

The

October, 1949.
Borrowings will be

the

Month

.,

that

0.9%,

credit,

Chemical

and

U.

current

no

preferred stock.—V.

Balance

kwh.

until

tion

Southern Air Lines, Inc.—Earnings—

&

Period Ended Sept. 30, 1948—
Net profit after charges and taxes—_—

—V.

of

had

pany

3

The

Revenue

announced

63

coke.ovens were engineered
Construction Division of Koppers

336,-

Arranges $7,000,000 Credit With Group of Banks—

Mr.

Chicago

The

1948,

increase

equipment trust certificates.
The offering is designed
by the road to finance nqt more than 80%
of the cost of an esti¬
mated $2,649,145 in new equipment.
Bidders at the sale may submit
alternate proposals for l-to-10 year and for l-to-15 year certificates.—
V. 168, p. 1579.

J.

20

Ralph H. Tapscott, President,
has

company

to

week

$30,000,000

a

1946.

for

Ry.—Invites

$2,100,000

The

week

Oct;

on

with

168,

;•

company

kwh.

Bids—
for

completing

(electricity generated and purchased) for the week ended Oct.
^mounted to 218,700,000 kwh., compared with
211,900,000
the
corresponding week of 1947, an increase of 3.2%. Local
distribution of
electricity amounted to 195,800,000 kwh., compared
17,

during September it had
its general
mortgage 4Va%

total cost of $8,851,488.—V.
v,:

a

Monday, October 25, 1948

Corp.—Weekly Output—

output of electric energy of subsidiariess
to show general' business conditions of

tricity

that

of

amount

at
;;

■

the

CHRONICLE

Consolidated Edison Co. of New
York, Inc.—Output—

368.

p.

The

Chicago, Rock Island

hour

adjusted

for

FINANCIAL

Southern

&

kilowatt

corporation

&

ended Oct. 14, 1948, amounted
596,708 as compared with
299,515,331 for the corresponding
1947, an increase of 37,081,377 or 12.38%.—V.
168, p. 1579.

thereon.

They will also consider authorizing the sale or other disposition of
qompany property and facilities no longer required after the abandon¬
ment

weekly

this

of

special

a

abandonment

known

company

COMMERCIAL

company

plants

.•J'ifjvij-J-;

and
'•»»

warehouse

V

system
'

*

now

are
•

The

Board of

authorized
date
a

285,000

Governors

of

the

for

New

York

Curb

listing/and for
admission
to
outstanding shares of $1 pp/r value

total authorized issue

of 350,000

Exchange on Oct. 2Q
dealings
at
a
later

stock, part of
1588.

common

sh&tes.—V. 165, p.

Duro Test Corp.—Earnings—

r- ■

■

Pise. Yrs. End. July 31—

sales

Net

;

189,871

: 1946
$2,935,454
176,840
223,743
$0.79

,

$4,140,646

253,493
224,643
$1.12

Net

profit after taxes—
Capital shrs. outstdg—

224,643
$0.84

Earnings per share—v
/' —v. 168, p. 1041.

declared dividends

directors have

The

6 Mos. End. Aug. 31—

1945

•Net

$2,273,893
79,980
223,743
V
$0.36

$1.75

$1.50

•After

charges

941,689

sh._

$0.60
in March,

Ex-Cell-0 Corp.,

The

STATEMENT

19

^Earned

which

Eaton
The

& -Howard /Balanced

1947

:

shares outstanding

$2.08

provided

—V.

168,

Deposit Co. of Maryland—New Officers—

Fireman's Fund Insurance Co.—New

Pearce will

Fund

indicates

report

1948. to

*

$15.42.—V.

845.

168,-p.

9 Mos. End.

Sales
Profit

after

charges.-

Federal

for

tPed.

Secretary—

in

Net

profit

Earns, per
*Loss.

Unused

sh._

common

.^Estimated

*

V^

$138,565

f

$0.30

^

refunds

fdr

*$35,698
458,153
Nil,

-*$89,356
458,153
Nil

" 458,533

outstdg.

\

carry-back

Forc«t-E»w»v

.

profits tax credits.

excess

.

orders.amounted to $776,068 pn /Aug.
Aug. 31, 1947, and $732,951 on Aug._31, 1946.

'V.'

C$469,228./
458,233
$0.90"

....

the

■

j!

-

-

SEC

The

announced

Its holdings
Electric Co.

Oct.

20

the

that

of the

shares)

5,000

<

-

-

;

has sold the last of

company

stock of American Gas &

common

Milwaukee,

Wis.,

Vice-President

board-occasioned

169* p.

asked

18

today authority

$12,000,000

30-year

the SEC to sell at
mortgage
bonds.—V.

of

first

by -the-reeent

•

,

and Secretary

the ;
Milwaukee1.

vacancy

death mf Bruno Rahn

of

W,

business.

of

factor

in

Johnson,

stockholders

Aug,

on

of

directors

All other
a

volume

the

-

i.

.

.

field

of

(C. M.) Hall Lamp Co.—Offering Results—

on

$30,000,000 Debentures
Placed Privately —Arrangements with a life
insurance;?
company to borrow, up to $30,000,000 have been con¬
cluded by the company, negotiating through- Lehman
Brothers and Watling, Lerchen & Co.
The borrower is a
new company, formed for the purpose of financing trucktrailer instalment purchase contracts of the Fruehauf
Trailer Co. for periods as long as five years.
Under the
arrangement, loans will be evidenced by collateral trust
3%.% debentures of the Sales Co., due Sept. 1, 1963, and
proceeds will be used to acquire equipment instalment

have

31. J

President

subscribed

C. M. Hall, reported Oct. 1,6 that
46,977 shares of the 53,770 offered

of
for

Johnson

Mr.

•

)

indicated

that

directors "have

decided

against the issuance of the unsubscribed scares, 1 •
;
:
r. t The
offering was made on the basis of the right to subscribe to
one additianal share at $5 for each five, shares held.
It expired on
Oct.

942.

vFruehauf: Trailer: SjiIcs/. Inc.

'

>Electric-JBouA & Share Co.—-Sells Last of .Holdings—

of

corporationj has also been elected a Director.
reelected.
Mri Cord's election filled

—V.

„

not

Cord

R.

have ^been

and

profit for 1948 does not include prior-year adjustment charge of $1,157, and the net profit for 1947 is also exclusive of
! prior-year adjustment charge of $47,512. :'r"
.
' ''
Current
assets
on
Aug.
31, 1948, including $2,893,959 cash and
$1,542,094 inventories, amounted to $4,864,228 and current liabilities
were $421,554.—V.
167, p. 1921. ' "
NOTE—Tbe

letter of notification with the SEC

a

in

Roy

31, 1948, $605,175 on
; ? r .*>.
...;

Unfilled

:

12 filed.

Froedtert Grain & Malting C(h, Inc.—New Director—

__—~

-

,

Aug.

bidding

prepared baby foods, accounting
for approximately 30% of all current domestic sales.
Company for the
3 months ended June ,30, 1948, reported net sales of $8,741,000 and net
earnings of $653,000.—V. 168, p. 743.

Glendale, Califs-Files With SEC—

The. company, on. Oct.

•

•

operating losses
•
- . ; /
•

of

1947

$1,962,620

1581.

The. leading

1,194,000
-

1948

$2,161,274

■

V

1581.

p.

company

p.

crease

4

——

Jan. 1 to Oct. 7

1947

$45,700

,

Fund

Fireman's

.

Crl59,028 Crl,J90,722

• -••

.

.

share./

continue through representation of
agency.—V. 168, p. 1480. .

Pearce's

Mr.

Alvin

Common

would

Pearce

Mr.

.

$295;|00o of 3%
debentures, series C, due June 1, 1968, to be
1946
1945
Proceeds will be used to make capital
$l;927,772^$18s,64»/429. ./-<p^|d»d.;(ljtb0Ut underwriting.
Improvements or to pay corporate obligations.—V. 166, p. 1578.
*1,226,420
1,663,228

;

Week End. Oct. 7

$46,700

In announcing the private placement, Mr. Gerber declared that the
proceeds from the sale will be used to re-finance its presently out¬
standing long term debt aggregating approximately $2,000,000 and
to provide additional working
capital to finance an anticipated in-1

services with the companies of the Fireman's
time in November.
; ;
Crafts, President, announced that the association with
some

P.

for

.69,000

taxes.

tax. ad j—.

income

-1947
•
• $2,232,948.
*248,384

1948
$2,339,466
207,565

-

___

____

PrQV.

.

Aug. 31—

1144.

p.

Products Co.—Issues $3,500,000 DebenturesGerber, President, Oct. 21 announced that the
company has sold privately to a number of institutional
investors including New York Life Insurance Co. ap
aggregate of $3,500,000 of new 3^4% sinking fund de¬
bentures, due 1963.
Kidder, Peabody & Co. acted as
agent for the company.

terminate his

Group

James

.-.

.

/

168,

Gerber

.

Elastic^Stop s£Jut; Corp^of America—Earnings—

department.—V.

Daniel F.

B. McCowan, who has been Personnel Manager since January,
has been elected Secretary, succeeding W. Stanley Pearce who
has resigned to establish an insurance agency in Palo Alto, Calif.
Mr.

shares outstanding as of Sept. 30,
be 129,747, an increase of 8,075 over the number of shares
outstanding at Dec. 31, 1947. Net' assets increased $170,010 to a total
of $2,000,976
while asset value per share increased from $15.05 to

quarterly

in

revenues____

168,

The

1947,

Share

Increased—
The

its

that

20

1948

.Georgia JE»qwer Co.—To Issue Bonds—

prior

in

Jack

-Eaton & Howard Stock Fund-—Asset Value per

1,

claim

Operating

$1,471,400
398,806
$3.69

$3.83

15,

Georgia & Florida RR.—Operating Revenues—

positions of Associate Manager and Assistant Manager of the contract
bond department.—V. 168, p. 150.

1948, a gain of 178,032 over the number cf
1947.—V. 168, p. 845.

Dec. 31,

office

Norman A. Burgoon, Jr. and A. Gordon Stiff as Assist¬
Secretaries has been announced by this company and its affiliate,
American Bonding Co. of Baltimore.
They hold the respective

the

from

1,501,735 at Sept. 30,

the SEC

Oct.

on

Dec.

on

1948

reconversion

for

Oct.

ended

subsidiary, North Star Reinsurance Corp.
Holly W. Fluty will join their organiza¬
the capacity of counsel.
Mr. Fluty comes to
the General Reinsurance group from the Century
Indemnity Co. where
he holds the position of Assistant Secretary and Counsel to the home
tion

1693.

p.

week

the

.Election, of
ant

increased $4,315,240

$35,723,468 at Sept. 30, 1948, while asset value per share
$23.73 to $23.79. The number of shares outstanding

to

increased
Were

corporation and

announced

1945

*$830,672
* 398,806

.

for

General Reinsurance Corp.—New Counsel—
This

1946

:

Corp.—Weekly Output—

company

kwh„

an increase of 15,918,205 kwh., or
the corresponding week of last year.—V. 168, p. 1581. •
*

over

competitive

during the first nine months of this year, or from $31,408,228 at Dec.
31,

$4.71
of .$306,037

reserves

years.—V. 167,

Fjind—Net Assets Up—

that net assets

quarterly .Report indicates

398,806

share

per

•Includes

,

fidelity
<

the

to

this

.EARNINGS

$1,528,490
398,806

$1,880,075

shares—

OF

1947

,1948

profit

No. of capital

recently appropriated the sum of $800,000 for the
$5 preferred shares of beneficial interest at the
such shares may be purchased, and invited
from the holders of such shares to be made up to 4 p.m. on
at the Maryland Trust Co., Baltimore, Md.—V. 166, p. 1786/

tenders
Oct.

.Net

the

at

effect

2360.

p.

of

Period—

Sugar Associates—To Buy Preferred Shares—

of

11.3%,

t$1.20

$3.40
to give

output

amounted to 156,655,465

1948

Detroit, Mich.—Registers With SEC

COMPARATIVE

.

corporation

acquisition

334,117

15 filed a registration statement with

9 Mos. End. Aug. 31—

lowest prices

736,785

1946.—V. 167,

electric

The

$602,491

covering 27,000 shares of common stock (par $3).
The corporation
plans to exchange the 27,000 shares for 1,500 shares of $10 par
common
stock of the Robbins Engineering Co. / Ex-Cell-o plans to
operate the Robbins Engineering Co. as a wholly owned, consolidated
subsidiary.

per

per

Eastern

(1693) ,9

1945

1946

$2,547,197

$139,925
918,746
$0.11

and Federal taxes. " tAdjusted

The company on Oct.

account of accumulations

on

outstdg—

three-for-two stock split

share on the $7 preferred "A" stock, no par value, and
share on the $6 preferred "B" stock, no par value, both
payable Jan. 1, .1949 to holders of record Dec. 3, 1948. Like amounts
were paid on
Oct. 1, 1948.
:
During the current year, the $7 "A" stock received $5.65 per share
;..}n .dividends, pnd the $6 "B" stock.,$4.8428 per share.-*-V.s 168/ p. J143.
of

CHRONICLE
General Public Utilities

1947

$598,688

shs.

Common

Dividends—

1948

■* »

profit

Earns, per common

;<■;-v.v:

Eastern States Corp.—Declares Preferred
i

FINANCIAL

Eversharp, Inc. (& Subs.)—Earnings—

•

,1947

1948
$3,973,984

—

COMMERCIAL &

THE

Number 4745

168

Volume

1.—'V.

1042. '■ V-

168, p.

•J",:;-..

Hammermill Paper Co;, Erie,

—

Pa.—Split-Up of Stock—

The
New ^York} Curb • Exchange
on
Oct; 20 approved for listing
360,060 shares of new $5 par value common stock1 pursuant to a two/
for-one split-up
of the present outstanding $10 par value common
stock. There will be authorized 600,000 of the new $5 par shares, as
against 200,000 shares of $10 par previously.V
-

,

CONSOLIDATED

INCOME

FOR

sales

*
S

;

Earnings before depreciation and
Depreciation
!___
Federal

MONTHS*

6

ENDED JUNE 30, 1948-'V '

".j;--;/:
Net

ACCOUNT

and

state

ta :es

taxes

income

10,680,123
1,742,990

!

348,132

inco;ne__„___________________

on

563,957

*

.<Its

,

.

of June 30,
1945, aggregated. 846,985 shares or
outstanding common stock of American Gas & Electric.

holdings

18.89'/

They

as

the

of

from

the

sale

its

of

retirement

the

of

bulk

of

The

the requirements of the Public
1935.
Almost all of the proceeds
the stock was used by Bond & Share for

disposed of pursuant
Holding Company Act of

were

Utility

notes from Fruehauf Trailer Co.

to

preferred stock.—V.

168, p.

received

amount

be

to

1580.

Co.

the

upon

initial

to the extent of $9,000,000,
loans.
Reflecting this

bank

current

forma balance sheet of Fruehauf Trailer Co.,
Aug. 31, 1948, allowed current assets of $55,268,918 and current

of

as

the

Trailer

this arrangement,

to reduction' of

applied

transaction,

Fruehauf

by

sale of such notes under

is

Net earnings
Preferred dividends
Common

per

week

iht-

For

'____

18,527,960

——

Maintenance

41,385,488
2,733,572

_________

.Federal taxes

3,791,189
3,490,423

34.283.472
15,457,239
2,111*87,6
1,518,288

1948—12 Mos.—1947
$
$
168,387,250 143,035,277
69,981,746
58,874,745
"9,987,808
8,5^6,660
18,821,992
13,975,334

2,953,563

13,183,|84

11,375,214

acquis. adjustments__
Prop, deprec. and retire.

64,240

64.240

256,958

257,387

and cleplet. res. approp.
for lease of plants

5,027,272

4,102,808

18,882,169

17,636,067

Other

taxes

Amorttz.

of

utility plant

Rent

86,213

354,200

347,172

7,661,582

8,039,245

306,213

264,177

36,918,893
674,033

32,008,698
666,163

(neti

89,250

Operating
Other

income.;.

income

Gross

inet;_

income

Int. & other deduc.

7,967,795
2,183,036

(net)

Balance

-

Pfd.

1

37,592,926
8,577,397

8,203,422
3,236,203

32,674,861
8,290,192

5,784,759

divs.

to

5,067,219

29,015,529

400,386

400,386

1,601,544

1,601,545

247,097

Portion

applicable
minority interests

loans
a

253,649

1,285,238

1,130,926

to

to

first

time

that

life

truck-trailer

with

insurance

equipment

funds

made

are

underlying

as

available

security.

It

parallel in the railroad industry where the purchase of rolling
equipment has long been financed through institutional capital.

stock
The

fact

that

customers

similar

of

qapital

Fruehauf

sources

affords

are

in

now

available

effect

evidence

concrete

of

the

progress

.business ,|xas ^Qjgeye/i."

opr

j

Garfinckel &

(Julius)

Co., Inc.

Refunding

The
to
borrow from the Prudential Insurance Co. of America
$3,800,000 at an interest rate of 3.65% and to secure the
loan by a first deed of trust upon company's real estate.
Of the proceeds, $2,718,819 would be used to retire $2,659,219 3V2S, due 1960 and the balance to retire shortterm bank loans and increase working capital.—V. 168,
—

stockholders yoted Oct. 4 to authorize .the

p.

—

company

Net

eo.uity

in

'

inc.

of

of

9 Mos. End.

Sept. 30—

Corp.—Earnings—

fiscal
earned

1947

1946

$399,916

$386,903

$332,755

1,210

9,683

1,947

7,888

6,594

5,859

$408,648

$404,473

$341,295

51,270

51,636

65,721

$283,461
51,710

18,584

18,348

15,138

12,283

______

Crl,348
$335,848

$260,436

334,723

Expenses

5,137,276

26,128,747

4,413,184

21,652,198

Jk

and

259,737

$219,468
220,084

taxes

Federal normal tax

1945

Net equity (as
Other income

above)__

5,137,276

125

Total

Other

4,413,309

26,128,762

461

335

1,926

7,977

21,652,198
2,486

47,722

taxes

«

1,389
32,797

109,300
inc.

carried

earned

114,684

349,450

803,800

204,940

179,000

847,495

715,429

4,804,846

4,111,313

taxes

to consol.

•

surplus

24,882,169

$338,794

unrealized,
The

ended

Gross

STATEMENT

31—

(COMPANY

of

1948—3 Mos.—1947

Other.

$3,970,778

$3,263,939
125

_____

The net

Sept.

$3,970,778

taxes

taxes
Other

other

Aug.

$10.12

$42.08

at

per

Dec.

461

for

Fed.

335

17,729

_____

109,300

income

share

gains

the

losses,

or

for

company

at Sept. 30,

ASSETS,

taxes

1,926

$43.34

was

30,

.

47,722

32,797

114,684

349,450

803,800

for

AND

NET

interest

and

179,000

847,495

715,429

not

delivered-

3,033
4

receivable

37,959
at

quoted mkt. value_

9,008,640

Assets

"$3.638,348 $2,962,068 $14,277,856 $11,460,863

serve

accrued

for

Federal

Federal

and

fees

ana

General

other

$16,066

expenses--

Capital

Corp.

pur-

694

State

taxes

(other

capital gains tax deducted

than

re¬

above)

35,965

liabilities

$52,725

Electric Storage Battery Co.—New
Director, Etc.—
F.

Norberg, Vice-President
a

director

and

as

to

succeed

the. company,

■

'

charge of manufacturing, has been
T. Kalas,
who is retiring as a
charge of sales after 49 years with

,-?!-<

Roland

in

in

Whitehurst, Sales Manager,
charge of sales.—V. 168, p. 1041.
'

•

/•'




Net

«.v

assetrs

value

Frank

Vice-President in

?Less

realized

has been

elected Vice-President

tax

-'?'i

"v:

very

are

of

the

company

called

was

and

pajd

,

unaudited book value of our common
which is not far from the present stock
bank

loans

debt

or

other

than

current

stodc

fqr as
is

npw

mapefc'.pnce.
accounts

pay¬

able, .with

the exception of the remaining mortgage on
the new
We intend to pay this off before the end of the fiscal year.
prices and increased rate ol business require a much larger
working capital than we had formerly.
Unless something quite unforeseen occurs, the regular $1 dividend
rate

will continue

for another year.—V.

166, p.

1683.

$1

for redemption

drawn

were

cumulative preferred

stock

on
on

Oct.
Dec.

13

1,

total of 2.000 shares

a

next,

168, p. 1481.

.

at $102
:

per

share

;

Harvey Machine Co., Los Angeles, Calif.—Acquisition
War Assets

Calif.

Administration

326)

(Plancor

to

Oct.

on

aluminum

government-owned

surplus,

the

above

12

announced

extrusion

company

the

sale

of

a

plant at Los Angeles,

for $1,500,000.

The plant was constructed by the government during the war for the
production of extruded aluminum shapes, bars and tubes and includes
about 38 acres of land, a factory building containing 379,000 square
feet of space and accessory structures. It has an established fair value
for peacetime conversion of $1,800,000.
The purchaser is in the category of "Small Business* in the field of
extruded aluminum metal and has been operating the property since

under

a

five-year

plans to increase the output by
and

facture

Helme Co., Inc.—Split-Up Ratified—

(George W.)
The

stockholders

on

Oct.

stock

common

shares

noncumulative

share

2Vi

be

shares

outstanding

of

$10

stock

preferred

issued

approved a proposal to change the
320,000 shares of $25 par value to

stock,

par

from

voted to change

ferred stock from four to 2 V2

will

21

from

common

ox

135,200 shares, par $25.
The stockholders also
There

lease. It has informed WAA that it*
the addition of other types of manu¬

developments.

new

in

new

value;

33,800

and the authorized
shares, par $100, to

the voting

rights of the

pre¬

votes per share.

exchange for each present $25
$10

value

par

par

common

stock, and for each
four shares of new $25

common

share of $100 par preferred stock

preferred stock.—V. 168, p. 942.

Contingent

Electrochemical
upon

effective

Co.—Rights to Subscribe—

registration under

the

Securities Act of

1933, and the making of an offer by the company, holders of common
stock of record at the close of business on Oct.
25, 1948, or such
later date on which such registration becomes effective,
shall have
the

right

to

subscribe,

for a

period of

15 days, for new cumulative

second preferred stock, series A, (convertible), of no par value, to
extent of one share for each 16 shares of common stock held.

the
The

$9,502,248

price and the terms of the new preferred stock are to
be determined shortly before the offering is made.
The New York Stock Exchange on Oct. 19 directed subject to the

based on un¬
requirements of Federal

offering being made, that the common stock be not quoted ex-rights
until further notice and that all certificates delivered after the record

subscription

(represented by 219,257
per

$229,215

shares

of

stock,

share)
reserve

for

Federal

capital

gains

par

tax,

appreciation (recorded cost, based on
regulations, $6,640,599, which includes certain securities
a predecessor company at cost to it).—V.
168, p. 1581.

Irom

stock

no

Hooker

payable for stock of
chased, not received
for

year

$9,554,973

LIABILITIES—

.

this

of

Higher

7%

$505,338

sold,

(marketable securities)

Accounts

204,940

months

factory.

800,000

ASSETS

:

securities

Accounts payable—management

Total

O

com¬

as

1948

receivable—miscellaneous

Total

1,389

7,977
-

six

first

The

share
are

authorized

deposit-.

receivable

•Investments

on

_.

—VN168inC°U1580~

director

nine

\>::vr

in bank—demand

Accounts

$13,014,278

1948

LIABILITIES

Accounts

Prov.

elected

realized
the

1947.

31,

ASSETS—

1948—12 Mos.—1947

the

Up—Preferred Stock

President, Oct. 19, said

year.

15.

a

There

par

Expenses
Prov.

of

than

income

on

taxes

income

SEPT.

$15,524,434 $13,011,792
15
2,486

$3,264,064 $15,524,449

of

30,

asset value

pared with

Dividends
Total

Fed.

exclusive

is

1948, after provision for taxes and expenses,
was $1.45 per share, and for the 12 months ended Sept. 30,
1948, $2.10
per share.
Comparable figures a year ago were $1.31 and $1.95, re¬
spectively.

Cash

subs.—consol.—

last

April,. 1946

interest

and

ONLY)

income:

From

above

as

STATEMENT OF
INCOME
Period End. Aug.

$2,733,161.

$266,962

'

securities.

on

dividend

months

'

20,101,269

income

NOTE—Net income
or

'

Prov. for Fed.

Net

:

yr.

Dividends

21,654,684

taxes

Expenses

Bal.

15

17,729

than

income

on

26,128,747
/

5,137,276

Fed.—other
•

4,413,184

for

and dividends.—V.

and

Adj. Fed. taxes prior

Light Corp.:

of

1948, authorized an increase of in¬
the sum of $2,500,000,—V. 168, p. 251.

11,

by

10,640

7,522

bonds

on

income

surtax
Power

profit

preferred

of $4.25

1948

Income dividends

corp.

consolidated
Electric

liabilities

current

May

company

current

(M. A.) Hanna Co.—Partial Redemption—

Capital

Total

subs.—

the

shows

1948,

of the profit for the corresponding six months of last
Nevertheless, we expect that the profit for the whole of our
year
will
be
somewhat
less
than
the
$3.67 per
we

There

General

Other

net

The

1361.

Interest

of

30,

slightly ahead
year.

The

:

and

on

June

Hammond Instrument Co.—Profit

All

24,384.669

public--

$11,095,127

stockholders

of

as

Redeemed—Laurens Hammond,
in part:

C.

the

is

for

ACCOUNT

$

$

Operating revenues
Operation

INCOME

1948—3 Mos.—1947

The

135,002
$4.17

stock

sheet

debtedness

has

CONSOLIDATED

Subsidiaries—

of

assets

detw;**d

or

common

This

Input—

corporation amounted to 75,232,000 kwh., an increase of 9,741,000 kwh.,
or 14.8'//
over the same week of last year.-

Period End. Aug. 31—

of

balance

Fruehauf,
President of Fruehauf Trailer Co.,
stated:
"That this
type of long term financing has become available for
motor
transport operators, is
an
indication
of
both
the
stability
and economic importance of over-the-highway freight transportation.
Harvey

14, the System input of subsidiaries of this

Oct.

ended

paid

share

consolidated

The

liabilities of $14,211,448.

Electric Power & Light Corp.—Weekly

paid or de^^d

dividends

Earnings

pro

V $830,901.
'
79,683

<t

acquired

date

as

bills.—V.

finally
168, p.

fixed by
1582.

the company must be
■

accompanied by due-

j

10

THE

Howard

-

Stores Corp.—Sept, Sales Declined 26.2%—

Period End. Sept. 30—

„

1948—Month—1947

Sales.

—V.

/

$2,324,436

168,

1255.

p.

unit. (11,500

$20,940,244

■

and

•,-

is

Hygrade Food Products Corp.—Retiring Bonds—

.The ICC
end

Oct.

on

liability

in

of

of

the. existing

Lansing

Returns icompiled

for

by

Imperial

Trust Certificates—

plant

required

the (company to assume obligation
exceeding $3,240,000 equipment- trust

Toronto

It

in

Sale

—

the

be

will

allotted

proceed

will

Montreal

Trust

connection

under/Plan

B

with

of

Co.,

which

is

acting

Imperial's offer

,the-offer..

possible

168,

Intei'lakc Iron Corp.

pended

to

'Sales

and

its

Depretv

of

for

plants

spect
ton

of

with

The

.

Montreal

allotment

1255.

p.

of

Trust

this

Co.

balance

.;•/:;/./'./

'

-

ment

1946

1945

the

$2,542,059-

$1,698,323

$730,912

in

Net

"Alter

50,000

47,250

$1,990,043
739,000

50.000

$1,126,083
490,000

$1,268,684

-2_/

-$1,251,043

$636,083

$0.65

deducting cost of sales

meters

'•*

and

$0.64*

.

other

$182,189
93,000
'$89,189

$0.32

expenses.—V.

//$0.05

168,

.la.),

Canadian
"In

the

19,

Nov.

the

of

upon

the

Oct.

on

stock

the

surrender
dividend

stockholders

pent

of

•after

Nov.

of

the

transactions

15

that

dividend

of

be

paid

record

will

No.

coupon

will

of

registered
made

the

stock

prior

to

70.

by

the

at

be

the

must

be

71-80

settled

the

prior

to

(New

Jersey)

3

latter

the

after

Oct.

20,

•

same*

business

stock

1948.

for

22

to

on

Oct.

$1,374,707

(of

which

property

intends

the

in

"ex-dividend";, basis

of

out

who

capital

'111.,

settle-

(net

to

record

Standard
Co.

Standard

the

1950,

proceeds

the

of

the

estimated

are

and

'Earns,

been

Of

•

—V.

purchase
present-

Oil

declared

be

for

price

the

of

close

dividend

dividend.—V.

will

167,

business
be

not

"v-.

:•

engaged

as

'

re¬

of/.the

not

purchase,

part

1000

It

sale

as

after

is

in

in

portions

also

and

?

bonuses

from

and

transfer

in

the

of

28

of

://•//

A^/V/ '
/z-:,;!.: ■
V-.' 7 /;./•'
.International Ry., Buffalo, N. Y.—Bondholders' Committee—
-/p 7;'
/ v..-/1' /V://;///
^/////Z.zZ //'V/ir

gas

25

manufacture,

Clinton,

Iowa:

in

of

buses

in

said

City.—V.

hankers

Stevens

(of

Stevens, Dann & Co., Inc., investment
Buffalo, N. Y.), George T. Ballacliey and
Harry D. Sanders,

of

also of Buffalo,
of the Buffalo

have organized
Traction

5'f

are
outstanding $117,000
attorney for the-group. •;

Federal

by

committee to

a

bonds due Dec.

principal

1, "1948,

amount.
;

,

of

Charles

'/

/r

which

OF

INCOME

oil

AND

P.

:

the

-

must

company

file

plaif of

a

the

the

...

.

In

Proceeds

Dated

July

1,

1948;

due

July

1,

1978.

Net.

payable on Jan. 1
and July 1 at
agency of company in New York
City or-in Chicago.
Denomination
$1,000
registerablo
as
to
principal only, and fully
registered

form

Coupon and
at

f

any

less

tinie

than

in

denomination

registered

prior

of

$1,000

or

interchangeable.
maturity, as a whole

to

multiple

any

bonds

Bonds
or

are

in

part

30

for

With

days' notice at general redemption
prices the initial
redemption price being 106%', and are also
redeemable upon
like, notice
through operation of the improvement and
sinking fund
or
by application ol
certain
moneys
included - in the trust
'estate,
the initial
sinking fund redemption price beink 103%
plus interest
in each

,

case.''

" -•/

-

accrued

interest,

to

the

to

prepayment
Chase
National

to

'>

V,

PURPOSE—Approximately
bo
of

$2,400,000

received

by

$2,400,000

Bank

New

the

equal amounts and due Dec.
the pledge of $2,400,000 first

31,

;

proceeds,

company

collateral

York

in

the

of

and

1948

mortgage bonds, 3%%

Approximately
,in

full-the

—total

senting
plant

'.

balance

cost

due

$1,374,707)

cost., of

and

to

provements

$1,300,000

to

for

such

(balance
on

equipment

pay

of

the

the| lease
for

.

cost

properties

proceeds will
due as of June

the

of

the

of

and
new

other

,

be

on

and

are

Trust

paid

on

June

16,

steam

431

99,666
•

a

six

.

-"23,398

.

'•'/ 422,499

GIVING

EFFECT

TO

*•

Authorized

.
.

Ist-mtge. bds., 3% %
-mtge. bds., 4'/s%

1st

■

secured

Common

stock

debs.,
(par

/.Construction
the

increasing

tive

customers

program.

The

..

series-due

1978;,1978—

Unlimited

due

1968_L——

:

5,000,000

•

present

is

program—in

customers

engaged

in

an

and

'•

1,500,000 shs.
order

to

meet

to'.serve

extensive

prospec¬
construction

steam generating
plant has been built
near
Lansing, in northeastern Iowa, which has an
initial' nameplate
rating of 15,000 KW and operates at 850
pounds pressure, 900 degrees
a




stock,

-

1

83.012

87,703

$1,141,424

"

$1,306,267

1

;

^

Subsidiary,

'LamaquA'Mfhing

"

Co? -Ltd.).-.

'7;

1948*

.""t *

1947

217,310

from

mining

opcrat

•

'$546,848

investments;---;-;/;--!.;;1!!//

for

taxes

18,37!)

$561,678

income_c__.

on

$403,2 i4

■

•

14.830'

$421,593

105,180

79,462

profit-_.-;/-;/_r;u;!;!.---_i/:// $456,498
dutstnnding/.;-/;;i_j//;//l////■ 3,000.000
outstand.ing/_-;L;_;/_ui;-;/r/;;'-ri-';

$342,131
3,000,000
$0.11

total
shares

net

share

per

_-_w--;_/;/__-;//;__;_;/

'-'

$0.15

of

sum

of

the

producing, fedld during/ -the first

fiscal

1948

year.—V.

167,

849.

p.

Bamston; Inc.—ppens New Store-^-'

announced

the

nine

opening

on

stores
Oct.

!r?,

in :the: greater'New

22

of their

/.*

;■/,

York

ultra-modern

Kawrence Portland Cement Co.—To
Split

r

area,

5

&

IOc

$1,089,665

The

:

$1,119,740

.

while

made,

on

,

per

•'

'$455,877

open

.value, of

/ market -purchases

its

for

$50 ,par

by

the

5%

neither

Oct.

on

the

on

1947,

Oct,

15,

14,

have

the

decided

and

This

two

he,

nor

statement,

made

was

to

Otis

&

Co.,

and

cents

paid

Cleveland

answer

A

—V.

similar

167,

have

sole

is

concern

to

Federal

per

on

1'946

before

with

it

we

dcprec.

Frazer
able

to

gray

with

far

use,

and

market

an

21,200,000

' > '

extra

per

share,
was

"

outstanding. /

dividend

of

$1

10;

made' last

common

This,

with

year

$4.92
•

per share

the

on

compared

as

16,520,000

'$6.41

stock

/" */,../

brings

$4.50

in

Dec.

1;

on
:

investment

the

see

that

interests

161,107
.

88,000

1,138,666

21,413

21,413

'.256,958

257,387

$275,017

$197,052

$2,735,665

$2,312,945

14

utility
adjust.

Net

oper,

<

Other

to

income

Dr 33

92

Dr2,l72

133

11,805

16,800

$275,109

$197,199

$2,747,437

$2,327,573

and

ductions

Net

Divs.

Kaiscr-Frazer's

leased",

(net)—_/

income

Interest

y

pit.

,

others

Gross

in

Corp.

revenues

Income from

)

other

de¬
~

(net)'

65,588

-V.

/ 44,275

642,471

562,877

$209,521

income

$152,924

"$2,104,966

$1,764,696

applicable to p'fd. stock for the period---

Balance

the

1,071,800

pit.

—

'

./

/

92,393

1948—12 Mos.—1947

$1,235,846 $17,704,667 $14,488,786
728,984
10.440,426
7,970,208
121,358
1,960.618
1,967,322
-7.9,039
1,122,334
909,124

104,583

—•-rT._

of

acquis,

banking

controversy

blast .furnace

of

945.741

15

charges by 'Mr. Kaiser that
had joined th.: fight against

the

1.948—Month- -1947

$1,600,254

ret,iir.

and

approp.

.Amortiz.

■/""/',

Corp.," Mr. Eaton asserted, adding:

the

Portsmouth

supplies That

even

begin

."Actually, Portsmoutn

'in

$

./——

356,532

$1,748,434

'

.

356',532

$1,408,164

168, p. 1044.-../

Corp.

formed

steel

could

$5

taxes

Prop,

Oct.

to

Kaiser

declared

taxes

Other

public, stockholders are safeguarded
against a repetition of such selfdealings by. the Kaiser-Frazer management .as-occur red when
KaiserFrazer'S, valuable
aluminum
producing assets were shifted
Permanent*. Metals

$1.85

distribution

Qpeyating Revenues
Operaling 'expenses

nothing to do with the selection of counsel and
part, directly or indirectly, in the controversy between

Kaiser and Republic Steel

no

///

Louisiana Power & Light Co.—
-Earnings—

had

taking

to

.1948
extra

279C.

p.

/

to

law'firms

"We

6,170,000

regular quarterly dividend of $1 per share
both payablq.Dec.v l -to-,Polders of record Nov.

cents.

90
-

banker,

representing Otis & Co.
the Kaiser-Frazer
Coi'p.'s lease of a
government
Cleveland formerly
operated by the Republic Steel'
•

20

•Period End. Aug. 31-4

this

of -30

company

directly or indirectly, in
Republic Steel Corp."

are

Mos.—1947/

$

$2.82

shares, of-common

Oct.

on

payments ' ill

1947.
,

T948—9

'■

9.20*2;000

share

3,136.939

1

omit

Answers Charge—

industrialist

in

-

the

total

Rex

about

stock

common

distribution

a

1946

Corp.—Eaton

taking a pait,
Henry Kaiser and

'/ ;/•'/' '/■

1948—3 Mos.—1947

income

com

on

directors

T stock,

1,280

fund

/

sales// 148,118.000 134,367,000 415,194,000
378,c00',000

nr.t

per

.TBased

convertible

sinking

'./

$

'

.

/ /

Period End. Sept. 30—

Consolidated

share, /cqiriparihg

common

1569.

p.

Consolidated net

'Earns,

,;

.

134,2j.O

,

$548,671

/.

.

/

476.673

/

1316; //'/

that

163.

on Oct. 18.—V. 168, pp. 943 and 152.

18,

Cleveland

16

Liffsrett & Myers Tobacco Co.—Earnings—Dividends—»

$1,066,760

450,297
,120,771

_

70,293

$1.38

payable

Oct.

Dec.

on

36,425

provided

as

stockholders

owncd.-^V.

$1,030,335

through

par

"*/''

Stock—./,-■/

will consider
changing the authorized
common stock from 100,000 shares of no par value (of which
the^e
are
75,000 shares outstanding)
to 300,000
shares
of $10 par value,
three new shares to be issued in exchange for each no par share

•;

496,000

,4

' -'■/ 30,075

'

announced

was

"were

'"In

financing
of

company
first unit of

to

retired,

On

Eaton,

between
>

'

'

,

from -.general

(M. H.)

2,843.123

520,D00 '

$495,093

$64,000

it

year.

S.

"Our
.

? '

$6,482,257

Z

$5,540,910

$1,028,946

1043./

p.

Mr.

v-

5,000 000

$5,000,000
5,000,000 shs,

$3.50)__
and

$20,000,000

v

-"1947

-

-

months

has

530,550

etc.

equal

ordinarily

the

was

firm

FINANCING

extra

Sept. 30,'48 Jun. 30,'48

This) company operating

,640,900

President,^announced

165, p.

stated

*

An

this year,

-

1946

.

435,125

exp.,

168,
is

has

Kaiser-Frazer

Outstanding

Unlimited

series due

demands
the

PRESENT

«

$6,005,744
3,266,814

-•

694,139

<■

The' balance of such proceeds
(approximately $ 1,300,0001 will be
deposited at the outset with the corporate
trustee and will-be available for withdrawal
by the company on the basis of
property additions.

1.

15,

1948

7 ;-7'-

(toils 1

346.

p.

reserve

company.

Dec.

store ,in Garden City, Long
Island, N. Y.
Thik'store lfasr 14.000 squate
feet of space, and is the first 5 &
10c store in Garden
City.—-V. 168,
/ p, 1482..
■'

354.150

;

1948

directors,

of

shale

im¬

"

'

1152.

53,330

821,594
528,000

$1,051,302
and

preferred

dividend

—V.

repre¬

and

per

NOTE—Under

Aft

6.141
■

22,356

1947.—V.

-

*•

CAPITALIZATION

the
time

pay

cents

Gain—

-V

Co.

generating

extensions

1947

4.005.997

earnings——

representing

Cyrus
to

record

-

milled

Capital

^.1

company

The

1948,'$724,446,

holders of

April 20 and June
1947.—V. 168, p. 1146,
•

recovery

Ihconie

Jonas & Naumburg Corp.—Omits Common Dividend—

•

1978).

to

Jan.; 15,

Sept. 30-/

treated by mill

Profit
'■

*

of

15

also

and

15

Estimated

_/__

profit for

Jacobs,

secured by

applied

1948

$6,738,688

maintenance-;

——

$1.53 in

shares,
C.

applied

25

130,765
nyoly/% of hn iion ornduced' $1.587,677:( $1,192,139'
Dpcratiiig ^costs • including; Provincial royalty/1,04)0,829 /
788,925

'

,

bonds—485,916

cumulative

//

of

provisions of The Emergency Gold Mining Assistance
$35,266 was received in September and
therefore is not
.included in the above statement.
This represents 80%
of
the esti¬
mated Assistance"dtie fol extra cost of

557,669

retirements../.;—

income

Thq

payable

agreements

Lansing

additions,

.

be

series due

30,

purchase

-

notes

Manufacturers
notes

>

exclusive

to

are

promissory

(which

•/-

dividend

/:

(F. L.) Jacobs Co.—Buys 1,280 Preferred Shares—

"

.general

extra

an

Eight Months Ended Aug. 31—

The

not

declared

payable Dec.

was

p.

168,

Tons

^

divi-

depletion,

earnings—^

Net

thereof.

upon

T677"1'

/

Earnings

152,893

saved

production

Steel

has

Steel

Corp.

right along

been

steel than the
automobile
Kaiser-Frazer has been

d'snoslng

1C8,

p.

from

i

Henry

extinction

cars.

more

operations."—V.

and provided

Kaiser-FraXer
of

1583.

Louisville Gas & Electric Co.
Electric'

totaled

furnishing Kaisercompany
of

the

has

been

extra

steel

•

stock, payable Nov.
12 .to
holders, of recpyd;
quarterly dividend 'of 25 cents-per share, on thie'

usual

\j (Including Wholly Owned
•

i

'

■.

construction.—V.

1947

„

redeemable

for

Lamaque Gold Mines Ltd.—Earnings—

'

-

Amort, of " debt disct.

Net

Interest

Oct,'19

on

stock,

Feb,

167,

—V.

EXPENSES

28,374

t

b

used

common

and

1582.

p.

53,330

income—

Interest

series dye 1978 '
by Halsey, Stuart '& Co. Inc. at 103 and interest.
Further V
details follow:
'/,•/ /'/ /';/;■■/..-/ -7
■•/",./% ' '7

Will "be

78,013

bonds July. 31

♦revenues-;^/——1_

operating

-

4%%

,

for

Net

i

the SEC

$138,842

July 31-;/

.

Interstate Power Co. — Bonds
Offered—Mention Was
made in our issue of Oct. 18 of the
offering Oct. 15 of
155,000,000 first mortgage bonds,

registration ^statement; with

a

$7,004,831

Total

r
.

(

1948

taxes--:—

Other

v

-Gas:';:Cd^/'ine/':—/Registers "
///■ :///;////"/'/"'v///:'.

Oct. 18 filed

on

Quarters Ended—

/

168,

v,v--:,

$2.65

77/7:7;//

the

cents

'Dry ote

the

sale

580

deductions

exps.

date

reorganization.—V.

$1,593,679

$2.31
v.'.

Lake Shore Mines, Ltd.—Mill
Operations—

."county

6,237

hand)

on

taxes

Other

Provision
as

$1,386,624

$0.20

.82,558

taxes-—'-/

operating

-

"

$121,667

$0.18

//

and

on

—V.

^bdihiei^^tllitlles'^Cb/:"bf ^^'DelawareT/TE^rnmg

Operating
Income

Penney -is

•'

•

"

-

$210,437

sales—...;-..-

.12 Months Ended Aug. 31—

Total

"

there

stk.

.

';/46wia

C

represent the holders

Judge John Knight.of Buffalo has-set Nov„ 1-

which

-943,

p.

as

$106,407

,

•.

*

Frederick, C.

520,784

Laclede-Christy Co.—Sales Show

943.

P.

2.114,463

520,784

'-sale~ind

t.Hr>

168,

rentals

(cash

prior to

168,

1,907,41)8

43,398

share—

;Nine Months Ended

City

expense

dends. and

165.065

/

Sales

of

in

one

.

-V;

149,805
43,398

com.

com.

directors
1,

and

1:;-

counties

of

fecs__

Government

Surplus

$11,353,452

C :

v

distribution

portion

a

the

;

$12,430,486

incl. taxes

company

common

.

this

St.. Dubuque,

counties

portions

in

in

/

$955,401

deducting

underwritten.

Nov.

.primarily an
registered; public

21

31—
sold-j—^.;,,——

oil

Operating

$1,040,403

-

Mos.—1947

.

♦

public utility in the purchase, Transmission, sale and
electricity in and around the City of East Dubuque,

a

of

balances

S.

$5,255,549

(Julius) Kayser & Co.—Extra Dividend of 25 Cents—

is

and

of

of Iowa, in

engaged

the. City .of

natural

U.

Oct.

$7,525,515

dividends

share-on

company/ nrincipallv

utility

revenue

per

The

of

/.vj...

Main

.1925,

transmission,

Minnesota

of
It

gas

of

received

Stock

$658,044

1588.

p.

ip-7

finance

:.v

-•

office

public

a

owns

Bank

entitled

.

2687.

p.

Lease

the

Ur57,340

$831,124

1,177,182

-

covering 93,062 shares ($5 par) common stocks-Stock will
be: offered
rfor .subscription by -si-ockho-lders >at rate of
one
new--.share' for each
five shares held of. record
Nov, 1, at $12.50- per share.
The !-sue-is

of

total

a

,

.

To

7 Months Ended July

Co.,

•152,666
Crl0,281

168, p. 1043.

The

$4,300,000. for

1951,

construction.

(principal

;COMPARATIVE STATEMENT

offer

on

1,502,000

7*7, '

1256.

with sec—

financing.

to-issue .additional securities.-

necessary
■;
company

Dakota.

cf

1,501,000
$8,760,037

; 141,461

/;.

pay¬

consummation

to

$5,100,000

other

and

;property
northeastern part

and

inc.

Provision

shares

exchange

dividends

at

Oil

of

announced

the

their

'

T 0)10,222

oper, lncl

Bal. avail, for

1,775,000
had

completion

upon

of

/ construction, includes ^completion

and in the operation

Monies

212,000

$800,429

$6,751,53 6
1,449,704
i Or46,283

f)r,).,_

rents_-____-

p.

Preferred

•Investors Royalty Co., -Inc.—Results of
Operation-

numbered

'

$1,032,807

'

It

southern

only, and

coupons

exchanged

stock

previously
of

for

lines

generation,

Barrels

stock

entitled

Petroleum

income

i

cus¬

$650,261

shortly/ after

pay. the .balance

requirements

is

company

is engaged
distribution

$1,142,429 $14,136,037 $10,143,536
3,875.000
1,890,000

'♦,"130,000

143,000

~

costs of oper.

90,000

Nov.

an

the

the

be

holders

receive

the International

to

be

registered

will

payable to
who

Net

Its subsidiary, Interstate Power Co. of
Wis., is engaged as a public
/■(utility in the generation, purchase, transmission, sale and distribution
of electricity iir three counties in
the; extreme southwestern part pf
'
Wisconsin.
It
is
integrated with -and is an integral part of' the
'company's system.
East Dubuque Electric Co.,
another
subsidiary,

//,':/%:

1948

1948—9 Mos.—1947

/ Kansas Gas & Electric Co.—Earnings— /
Period End. Aug. 31— /• 1948—Month—1947
1048—12

'ex¬

rural

serve

incorporate^ in. :Delawarcv April 18,

South

168,

$1,610,807
430,000

accruals-

railway

Operating

.

announced.

and

pursuant

18,

Holders

Curb

Oct.

p.m.

dated June

shall

coupon

i

of Albert-Lea, mlim.; in the
operation of buses in the City of Dubuque, Iowa: and.in the
furnishing
of steam heating service in the
City of Albert Lea, Minn.',:/

case-of

the

on

of

■v'/Z/

by delivery of "certificates carrying

Inclusive,

Holders of

22.

1948,

$f,047,284

(excluding

bondable

to

'new

it will be

distribution

17, 1948, must be accom¬
panied by due bills for the dividend, "which due bills
must be
redeempd
hy -Nov. 19; 1948. All transactions in the coupon stock made on and
17.

—V.

,

the! second

distribution: of

on-and

In

check

close

of

northern

cou¬

paid

This

electricity,

i-v /

i.p

:%/'/,// ',/..//

deliveries

v'r-y^"

$1,875,000

company

$*,000,000

was

in The

this company would be quoted
dividend
of
25c
per
share
in

1948.

coupon

1948,

♦All

17,

1948,

registered

announced

stocks

semi-annual

stock,

registered

22,

Exchange

common

on

of

case

Nov.-

•date- to

Curb

declared

funds

thd

after

York

The

financing

transmission

The

Petroleum Co./ Btd^Exchange Ruling--7

registered

newly

1

$2,812,973 $30,504,541 $25,684,9^0
1.670,544
16,368,504 ;. 15,541,424

ry.

taxes-/'"

oper.

facil.

Net

{

trans¬

.

in

New

tax

ry.

Joint

operating public utility company.
It
is
also
a
utility holding company by reason of its ownership of all of the
outstanding- securities, including all ; of the shares of
voting • Stock
of Interstate Power Co. of Wis. and East
Dubuque Electric Co. / ,//

Subscription price will be filed by amendment.
Courts
&r Co. will head a
group of four other underwriters in taking
up all
unsubscribed shares.—V.
166, -p. 1255.

a

from

income

Equip., rents

.

peak

1948)

■-;jj
COMPANY—The

1582.

p.

Zor-share basis,

and

eross

V r;

-;s

-

transformers—lines .to

construction

194J,

•program

-

The

maximum

finance the construction program
during 1948 the company has
and
sold
$2,400,000 collateral- promissory
notes,
wnich" will
prepaid concurrently with the consummation of this
financing..

major

company Oct. 20 -fifed a' registration
/.statement with the SEC
95,000 shares of common stock.
Two principal stockholders
acquire 42,776 shares of this proposed offering.
The remaining'
shares will be offered to stockholders of
record Nov. 8 on a share-

"ex",

1,903,657

Railway

generating unit of * 11,500 KW : capacity at
the new Lansing
plant", the construction of another steam generating
plant. of 20,000 .KW capacity
in ,southern
Minnesota, , as, well as

will

pon

the

1948)

become

therefor.

•stallation

1

covering

International

and

will

present

for

"Inter-MoiiPtain Telephone Co., Bristol, Tehn^Registars With SEC—
//■
Y/-"
% ,
"Tl\fe

r

June ,30u

to

$13,400 000.

887,575

com. share

per

exceeds

including connecting

substations

-foregoing- includes

The

56,250

(est.)—

$3,514,464

ekpenses

revenue

Other

issued

498/23

•

Dal-

1—

profit

Earnings

524,995

$2,156,259

taxes

revenues

oper.

Federal

To

502,016

be

Balance
Iicome

and

maining at that time

re¬

Co.__

1948—Month—1947

ooer.

operations

'

,

representing-cost-of equipment" for the'L&nsihg
company
acquired under lease and purchase
.agree¬
ments.- Under These
agreements the company- has the .privilege at
any time of purchasing the equipment
by paying the* Unpaid balances
of
the purchase prices.
The equipment being acquired /under -these

1947

548,142

inv.

Ore

completed)

generating capacity.

paid at June 30,
plant which, the

and.

in

amort,

Net
■

.leapneity

unit,, including auxiliary equipmentiJi-transmission
lines
and
substations—distribution

The

(& Subs.)—Earnings—

equipment

.

Frov.

and

distribution

tomers—replacement of general property and other const.

share¬

$2,760,651

revenues-...

and

sums/to .increase the

generating

lines,

as

sell

to

Imperial

1948

3 Mos. End. Sept. 30—

recently

lines

agreements

1

Railway
Railway

belief that the additions and new
present
during the period from June 30, 1948, to Dec.
31, 1948,
to approximately $3,740,000 made
up as follows:

amount

Diesel

as
rapidly as
subscribers.—V.

Decorah, ..Waukon

City Southern Ry.—Earnings—

Period End. Sept. 30—

plant

company's

construction

holders, indicate that when the- offer expired on Sept. 30 approximately
544,000 of the 8,728,190 of International Petroleum shares remained

to-qualified

substantial

Lansing steam generating pit.,

168, p. 1582,

International

of

.holdings of International Petroleum Co., Ltd. stock

to

spend

transmission

reserve

is

Major

the

Oil

This,

fall-Of -1949.'

system- at

J-Kansas

1948

experienced
in
Dec.
1947,
the
management
believes
that
expenditures above contemplated are necessary in order to
acquire
facilities adequate
to meet increasing demands and' to
provide the

Petroleum Holdings—
£gent

the

com¬

July

.

not

Ltd.,

company's

in

This

generating

in

Iowa, and will be. connected to
the^, systemat Harmony,
the construction of high tension transmission lines.
Com¬

by

also expects" to

mission

Oil

the

operation

started

was

the

connection with the procurement of certain equipments—V.

Imperial

with

in

be

Lansing plant

new-

certificates, series Y, to be issued by the Pennsylvania Co. for Banking
nd Trusts,
as trustee, and' sold
at 99.032 and accrued dividends in

-

to

new

systems
to
meet in¬
creasing loads, and to construct additional distribution lines to
serve
new rural and urban customers.' While the
effective electric generating
capacity of the present plants (including-The 'first'unit of the

authorized

11

respect

the

at

Monday, October 25, 1948
'

demand

kit.—Equipment

Illinois Central

.v

connected

pany

"//

;

FINANCIAL, CHRONICLE

.

corporation will deposit with Irving Trust Co., 1 Wall Street,
York, N. Y„ on or before Oct. 29, sufficient funds to retire all
cf its outstanding first and
refunding-mortgage convertible 6% bonds,
Camuel Slotkin, President, announced on Oct. 19.
Retirement of the
Vpnds will leave the company free of debt, the only capitalization reriaainhlg being approximately 230,000 shares of common stock.—V. 168,
.

KW)

Is-expected

Minn.,

The

449.:

it

Monona,

I-'ew

p.

&

Fahrenheit, hydrogen cooled, using powdered -coal as fuel.
menced opefations/in Sept. 1948/ Installation
of .a second

1948—9 Mos.—1947

$3,148,787 $21,079,890

COMMERCIAL

the

(Ky.)—^Weekly Output;—

output '.'of

45,954.000

this'company'for the week ended Oct. 16, 1948,
kwh., hours as compared with 39,978,000 kwh. for

corresponding week

Electric

last year,

an

increase of

14.9%.

output of this company for the week ended Get.
kwh., as compared with 40,944,000 kwh.
corresponding week last year, an increase of 8.4%.—V.
168,
totaled

44,394,000

t

9,
for
p.

1948,
the

1483.

,

Volume 168

Louisville Ry. Co.

(Ky.)—Protective Committee Plans
v./'"1. "Vv/v
'"7

Court Fight—
James

Donohue,

J.

THE

Number 4745

Windsor

1806

Ky., Chairman
a
Preferred Stockholders' Protective Committee, has sent a letter
the
preferred stockholders asking them to finance a court fight
dividends on their shares by contributing at the rate of 50 cents

of
to

Louisville,

Place,

.

for

share

a

North

and

to

Western

send

their

Parkway,

contributions

to

Alsmiller,

H.

John

in

.long
the

to

recent

the

the

proposal that
operated

He

Oper.

exp.

the committee could not believe that the company directors
unanimously, as reported Sept. 14, "to submit to the stock¬
holders the proposition to sell the physical assets of your company at
that

the

of

."

.

.

John

H.

action

This

Bickley,
at

assets

withdrawn.

later

was

The

President, of the company, estimated
on Sept. 25.—V. 168, p. 1044.

$8,466,000

oi

directors

share

per

the

on

Nov.

and

16,

Aug.

amount

fund

bonds

♦On

dividend

extra

an

of

cents

50

with

quarterly dividend of 50 cents per share
shares of common stock, both payable
1. An extra of 62 J/2 cents was paid on

regular

per

25

cents

common

May

on

Payments

15.

will
168,

1948

in

share, as against $2.50 in 1947.—V.

the

The

and

directors

the

On

Oct.

on

stock,

common

distribution

similar

declared

dividend

a

of

cents

12

used

15 to holders of record Nov. 5.
A
April 1 and Aug. 16, this year, and

made

was

on

M and M Wood
directors

declared

18

extra

an

of

37V2

Distributions

of

25

last, while on Feb.

each

cents

15,

made

were

dividend of 8V3C was paid.—V.

a

648.

168, p.

.

Period End. Sept. 30—

.

Earns.
all

after

Co.

Inc.

Prov.

for

Fed.

est.

$1,318,147

$1,384,070

130,000

150,000

476,000

496,000

inc.

Net

earnings

Divs.

$238,610

pfd.

$291,788

$342,147

29,856
151,947

29,856
151,947

89,568

$888,070
89,568

455,341

455,841

stock__
stock

common

Surplus

period—

on

com.

108,

p.

—V.

$56,807

$109,985

$296,738

$342,661

(net)

303.894

303,894

303,894

303.894

(per sh.i

for

shs.

Earn.,

$0.69

$0.86

$2.48

$2.62

outstg.

Oct.

mated

1947

1948

$75,686

•■♦After

depreciation

Federal

and

income

1946

charges including provision
' tProfit.—V. 168, p. 1045.

for esti¬

15.

Oct.

Dvorak

Mr,

is

also

President

Wausau, Wis.—V. 168,

Vice-President.

a

The

of

Wisconsin

Valley

Trust

Co.,

168,

convertible

plant.—V.

a

bid

a

of

on

bid

a

100.68549
Oct.

15

15,

and

of

accrued

interest.

in

New

New

PURPOSE—Company
the

debentures

Telephone

&

of

amount

borrowing

practice

from

to

the SEC
stock

Advances

be

&

City.

company's

nection

new

expenditures
substantial amounts

requiring

therewith,

the

from

of

in

company

American

expenditures

1946

stock

common

the

investments

proceeds

for

Massa¬

in

the

conformity

at

will

new''

of

sale

of

In

money.

SECURITIES

GIVING

EFFECT

stock

due Oct.

TO

obtained

large

PRESENT

$75,000,000

1,750,000 shs.
FOR STATED

Toll

service

service

Other

revenues-

$37,122,952

Total

Current

Marine Magnesium Products Corp.—Plans Split-Up of
Stock and Issuance of Additional Shares —

revenues.

oper.

1946

24.378,862

24,085.325

21,812,132

5,271,465

4.498,137

stockholders

The

Oct.

27

vote

will

increasing the authorized
capital stock, par $1. from 150,000 shares (of which 100,000 shares are
outstanding) to 500,000 shares.
:
It is planned to issue one additional share of stock for each ten
shares - held, the distribution to be made on Nov. 15 to stockholders
of record Nov.
Holders

Other

subscribe

to

to be

on

5.

18,062.559

14,138,619

—

6,003,402

10.786,178

9,024.225

expenses—.

opei\

for

stock

to

outstanding

share

new

one

be

each

for

are

25,576.590

46,180.783

39,692.844

8,652,028
30,481,732

three

held

shares

at

a

a permit to issue the stock has been received.
plans to establish a monthly dividend rat^ of
the new stock, effective not earlier than Jan. 15,

also

company

five cents per share on

1949, which is

the

amount currently paid.—V.

same

165,

2800.

p.

income

Total

Income

Net

(T:icl.

its

constituent

Period Er.d. Sept. 30—
Net profit —
__

Provision. ior

banas,

Operating revenues
Operating expenses
"Net
profit

tuxes

affiliate)

1948—9 Mos.—1947

1948—3 Mos.—1947

$2,178,984

declared

$2,192,114

1,750.000

Earned

830,100

830,000

2,453,500

rate

2,327,400

$1,362,114

$4,051,685

$3,823,918

$0.24

$0.24

$0.72

$0.68

share..

per

Dividends

received by Marine Midland Corp.,
during the first nine months of 1948 from

only,

the

parent

banks

companies, plus its other Income, less its expenses and
period, were $1,428,650 or slightly over 25 cents a share.
This compares with
$1,438,214 for the same period of 1947.—V. 168,
fJ. 13G4.
taxes

for the

The
for

company

on

shares

60,000

Oct. 11 filed a letter of notification with the SEC
($1 par) common stock to be offered at $4.50 per-

share.

Underwriter, Herrick, Waddell & Reed, Inc.
used for additional working capital.—V. 162, p. 3195.

will

Proceeds

be

G.

company on Oct. 14 filed a
$60,000 first mortgage series

for

letter of

4VJ %
1, 1948-1978,
Underwriter. Warren
town, Pa,
The underwriter will extend

notification

bonds,

Dec.

W,

due

York

&

Alex. Brown

Campbell,

$2,000
Co.,

mortgage 5s,

due

&

Crouse

Oct.

Glore,

Period. End. July 31—
,v

.

-

"1948—6 Mos.—11947

1,000,000

"

•.

■"

Co..

Boston

Net

sales

-

„

income

>

JEarns.

after

taxes

6.475,000

com.

per

share

:;i

"Determined

earnings
months

the

on

per share on
on

a

respectively.
number of

iirst-in

last-in

tl:e

NOTE—Sales

on

shares

and

17,155,000

16,921,531

$2.41

$5.82

$5.99

first-out

first-out

1 Computed

common

7,022,177

$2.11

common

i

Forgan

basis

inventory valuation

basis.

The,

would

have

been

first-out basis.

$2.21

tBased

and
on

$6.62,

average

outstanding,

other

results

B.

of

&

Co..

for

the

company

Net

1948, of The Strouss-Hirschberg Co., Youngtown, Ohio,
merged with the company on May 10, 1948, have been in¬
cluded in the statement of
profit and loss, but, in arriving at con¬
solidated'income for the periods,, its income from Feb.
1, 1948, to
the date of acquisition
has been eliminated.
Also included are the
operating figures of the company's subsidiary. The Wm. Taylor, Son
& Co.,
Cleveland, the balance of the outstanding common stock of

all

which

March

31,

minority
V.

167,

1948.

common

preferred

stock
p.

The

acquired

income

stock

has

was

of

to

of

been

date

this
its

eliminated

1258.




by

the

parent

subsidiary

acquisition
from

company

applicable

and to

the

consolidated

to

on

the/

minority
income.—

of

On

Weeks
&

are

July

mately
With

1,500,000
250,000
100,000

in

the

under

486,488

11,033

116,110

tAdjusted.—V. 168.

tax.

filed

letter

a

of

notification

with

the SEC

1948—3 Mos.—1947

1948—9 Mos.—1947

$12,877,708

$38,524,374

$43,302,924

1,246,832

1,300,525

2,931.502

4,602,868

com. share

$0.93

$0.97

$2.14

$3.48

dividends.—V.

168,

945.

p.

Treasury

acquired

the

shares, during
made

reorganization

a

the

to

road under

of

the

the Transpor¬

1584.

p.

Mississippi Power & Light Co.—Earnings—
Period End. Aug. 31—

1948—Month—1947

revenues

1948—12 Mos.—1947

$1,275,343

$1,092,791

725,654

644,787

expenses

$15,656,764 $13,635,608
9,188.553,

7,936,257

132.219

106,036

1,652,455

1,399,346

145,191

82.211

1,203,394

972,717

95,417

80.000

1,083,336

936,00()

$176,862

$179,757

$2,529,026

$2,391,288

28

72

5.406

984

$176,890

$179,829

$2,534,432

$2,392,272

45,970

81,951

846,181

755,394

$130,920
$97,878
Divs. applic. to preferred stock for the
period—

$1,688,251

$1,636,878

Federal

taxes

_________

taxes
or

prop, retirmt.

reserve

approp.

oper.

revenues—

income

income

Interest

and

ductions
Net

.

other

(net)

income

de-

"

—

_____

266.856

266,856

$1,421,395

Balance

$1,370,022

—V.

168, p. 1045.

Spencer Trask

200,000

Co.—

&

1,000,000

Tucker, Anthony & Co.. 1,000,000
Union

1,000,000

.

-

Securities

Corp,. 2,785,000

G. H. Walker & Co._—

Watling, Lerchen &
White, Weld & Co

2,785,000
200,000

The

Co.

1964.
stock

owned by

31,

1948,

of

the

except

140

about

minor

the

ICC

for

off back

authority

income

and

to

issue

$1,850,000

a

profit

excess

The

taxes.

M.-K.-T.

000,000

has

.its

of

also

asked

series

F

for

permission to pledge and

prior

lien

mortgage

4%

repledge $10,-

bonds

collateral

as

security for the note.

Orders 500 Hopper Cars—
Donald V.

has
of

The

111.,
is

Frazer, President,

ordered

500

70-ton

Oct.

011

hopper

announced that

19

from

cais

the

Pressed

this

railroad
Car

Steel

Co.

Pittsburgh,

Pa.
which

cars,

shops,

will

will cost in

expected

in

April

be

built
of

excess

and May

the

car

$2,250,000,
next

company's
Fraser

Mr.

said.

year.—V.»168, p.

Delivery

1484.

Co.—Earnings—

1948—3 Mos.—1947

..

Vernon,

Mt.

1948—9 Mos.—1947

$2,008,434

$1,845,184

$5,756,679

161,098

149,169

415,198

503,847

210.000

210.000

210.000

210,000

$0.77

$0.71

$1.98

$2.40

"Net

profit
Capital shs.

outstdg

Earnings

share

per

"After

in

of

Monarch Machine Tool
Period End. Sept. 30—
sales

Net

charges and taxes.—V.

168,

$6,309,477

1365.

p.

Morris

Paper Mills

Second

—

Distribution

Hall-

—

garten

& Co. on Oct. 15 announced completion of sec¬
ondary distribution of 6,000 shares of common stock
(par $10) at $21.50 a share.—V. 165, p. 1195.

700,000

Motorola, Inc.—Earnings—

com¬

Co.

qualifying

,

"

——3 Mos. Ended-

500,000

Period—
Net

owns

9 Mos. Ended

Aug. 28,'48

Aug. 31,'47

800,000

800.000

Aug. 28,'48 Aug. 31.'47
$12,913,463 $10,928,692 $38,801,926 $32,060,236
656,969
447,345
2,207.765
1,827,119

sales

profit

shs.

Earnings

outstdg
share

per

"After taxes and

$0.82
reserves.—V.

800.000

800,000

$2.76

$228

$0.56

168, p.

shares

1147.

cities

telephones

exception
served

Mullins Manufacturing Corp.—Stock Distribution—

conjpany

were

the

localities

asked

pay

directors.

54%;

arrangements

to

year.

1,000,000

Whiting, Weeks & Stubbs

company

note

which will be issued at par to Republic National Bunk, Dallas,
will be payable in 43 monthly instalments with an interest of
3'/a%> a

2,785,000

American Telephone & Telegraph

has

company

note,

250,000

ties Corp..——2,785,000
Stroud & Company, Inc.
700,000

1.000,000

Co...

common

160,000

a

income

taxes

preference

Operating
Operating

Stone & Webster Securi-

:

1,500,000

Co.500,000

including

area,

14

168,

1,500,000

Stein Bros. & Boyce——

-=

1.000,000

Co

to Jan. 26,

which

595,355

of

bidders.

The

Jackson

Webber,

Curtis

had 1,605,386 telephones in service
and the adjacent metropolitan
Dearborn, Highland
Park
and Hamtramck, and about 23% were in the cities of Grand Rapids, Flint,
Lansing, Pontiac, Saginaw, Kalamazoo,. Jackson and Bay City.
The company estimates that non-affiliated companies had
approxi¬
of

$562,379

;■

____

company, in settlement of loans
tation Act of 1920—V.

275,000

services, mainly local and toll telephone service, in the
Michigan.
It was incorporated Jan. 26, 1904, for a period of
Its
charter
has
since
been
extended
for
an
additional

the

145

44,258

$613,039

Minneapolis & St. Louis Ry.—Govt. Sells Stock—

"Net

was

61.42%

64,534

Opening of bids on a U. S. Treasury offering of 13,676 shares (no
par) common stock on Oct. 17 showed the apparent high offer was
$12.63 a share.
The offer was submitted
by Delnfield & Delafield of
New
York, agents for an undisclosed principal.
There
were
four

Capital

July 31,

48.18%,

&

275,000

years.

which

miles

—-

Oct.

011

after

per

munication

years

8.312,305

192

$13,955,022

income

"Earns,

1,500,000

Smith, Barney & Co.—:. 2,785,000
F. S. Smithers & Co.—
275,000

2,785,000

Hilliard & Son.

Hutton

of

13,534,197

Minneapolis-Honeywell Regulator Co.—Earnings—

State

ended

company,

Co..

S. Moseley & Co

BUSINESS—Company is engaged in the business of furnishing

30

which

&

Kirkpatrick-Pettis

months

six

500,000

500,000

Kidder, Peabody & Co

30

operations

100,000

R. W. Pressprich & Co..
Wm. C. Roney & Co
John R. Schemer & Co.

2,785,000

Noyes

Illinois

700,000

&

...

——

E.

The

stock for the six months and twelve

first-in

J.

14,716,664

—

.

adjustment

Period End. Sept. 30--

100,000

Paine,

Ripley & Co.,

Hornblower

Co.

2,785,000

Co.— 2,785,000

&

100,000

Merrill, Turben & Co.—

1,000,000

Sachs

W.

—•

Sales—

Naughton-

F.

Corp.

Goldman,

J.

2,785.000

Maynard H. Murch & Co.

2,785,000

Inc..

1,500,000

Livingstone & Co..

1,000,000

Corp..

Harriman

111

{j}
$
' " '
'
$ '*
183,321,000 158,717,079 382,617.000 341,077,283
•

Net

R.

1,000,000

&

Michigan

Hemphill

2,785,000

Merrill Lynch, Pierce,
' Fenner & Beane..___ 2,785,000

275,000

Hayden, Miller & Co

"1948—12 Mos.—11947

1,000,000

Co

Corp....

Greenawalt &

200,000

Dillon

Inc,

& Co
&

McDonald-Moore & Co..

1,000,000

Co

Harris, Hall & Co. (Inc.)

May Department Stores Co. (& Subs.)—Earnings—

Freres

1,500,000

Folger, Nolan

of

—

950,00o shares of common stock (par 10c), to be offered at 30c
share.
Underwriter, E. M. North <fc Co., Inc.; New York.
Proceeds
will be used for operation and
development of properties.

principal

$2,785,000

Laurence M. Marks & Co.
...

Co

First

Langlcy

Higginson

Mac

Estabrook & Co
The

S.

&

Dominick—

&

&

the

Lehman Brothers

Co.:

&

Dominick

27,849

__

for

99.87%

for

promissory

2,785,000

200,000

&

C.

Lazard

Republic Co.

Julien Collins

and

Lee

Co., Inc

First

Inc.,

provision

1947

>

29,553

$5.50

follows:

W.

700,000

(Inc.) —^
Clark, Dodge <fc Co

underwriters

as

1.000,000

Sons

McCarty

the SEC

an
opportunity to holders of
1, 1948, to invest in the new issue.
The
offering .price ranges between 99 y2 to 101, according to maturity.

first

8,800.000

$5.75

Kuhn, Loeb & Co

700,006

annually
Allen-

with

are

Co.,

Co., Inc.
Blyth & Co., Inc

Eastman,

The

&

Becker &

Drexel

Marysville Water Co., Harrisburg, Pa.—Files With SEC

the

of

names

purchased by each

Baird

W.

Central

Mary Lee Candies, Inc., Norwalk, O.—Files With SEC

be

to

.Inc.
A.

1584.

p.

Missouri-Kansas-Texas RR.1—Note Proposal—:

UNDERWRITERS—The

Robert

168,

per

case.

Morgan Stanley & Co.—$2,925,000

company

its constituent

trust

and

$9,552,269

$3.00

in

by

An

Detroit

of

in

the

service
company

such

providing

in

Michigan

does

companies

for

the

not

but

handling

on

July

furnish

joint

1948.

31,

local

connects

of

-

Mid-Eastern Oil Corp., New York—Files With SEC—
The

99,167

$1.00

sale

1364.

p.

$6,151,318

$6,505,185

$1,348,884

income

$9,651,436

227,889

$7,182,121 $12,204,641
5,250,000
9,200,000

$3,948,032

the

bonds to two
unavailable in a public

Dr274,248

approximately $1,905,000 for the six months ended June
30, 1948, $3,531,000 for 1947 and $3,500,000 for 1946 which may be
subject to refund in the event of an adverse decision in a pending

amount

Net

684,697

that

mortgage

_____

—

"Includes

companies and

trust

$9,925,684

Dr32,317

$7,866,818 $12,432,530

748,233

income.—

Dividends

Corp.—Earnings—

81,762

$4,696,265

Interest deductions..

1584.

p.

59.33%

ton

Gross

Dividends per share

Marine Midland

$7,785,056 $12,464,847

228.277

received

8,731,189

flown

freight

Other

(net)

SEC

factor

and

Net

income.

the

flown..:

load

express

$4,467,988

taxes.

Net oper.

miles

passenger

Mail,

Deprec.

income

operating

Other

on

;

tons

$9,659,914 $17,645,758 $24,628,714 $27,533,394
1,861,434
3.824,470
6,902,519
12,134,727
3,330,492
6,036,232
5,261,348
5,472,983

revenues

oper.

Federal taxes

right
price

be offered the

to

determined after

The

Net

Other

the

of

on

also

are

tele¬

broad¬

—99.97%.

freight

'Other

'

;

and

3,786,422

22,353,368

—

(old
first

meaningless.—V.

carried—

express

1945

$55,207,219

13,093.054

Depreciation

radio¬

line

radio

1948

efficiency

Mail,

$54,332,960 $.96,966,087 $91,408,342 $80,805,773

maintenance—.

of

Revenues

"flexibility"

bidding requirement

passenger

1584.

p.

permit

passenger miles

other

'

1947

$67,315,760 $62,284,880

3,115,203

revenues—

oper.

1,750,000 shs.

PERIODS

14,094.805

revenues

will

passengers

Capacity

————Calendar Years-

June 30, '48
"Local

mobile

private

FINANCING

Outstanding

$100)

(par

in

teletype¬

telephone directories.—V. 168,

space in

Revenue

com¬

$75,000,000

15,1908-

for

transmission

purposes.

System

include

service,

facilities

Month of August—

Revenue

war

Authorized

debs.,

switching
the

Bell

York.

"After

40-year 3Va %
Common

New

Operating

money.

CAPITAL

other

also

company

and

the

.

Mid-Continent Airlines, Inc.—Earnings-

con¬

American

has

and

the

Company
expects that its
require substantial amounts

to

line

for

use,

of

telephone systems
•■
'
I; •

.

Otis & Co., Cleveland investment
firm, is protesting the bond offering
on the
ground that this and similar action will make the

with

additions
end

the

to
and

par

continue

the

since

sold

company.

the

with

;

sea/.

exemption

"After

from

extensions,

construction

$15,000,000

pany

legal

the company, which it expects to continue,
American company, as need therefor arises,

corporate
purposes,
including
improvements to its telephone plant.
been

companies

competitive

Stuart

York

New

or

obtained

general

have

of

Offered—

of

the

,

of its advances from American
which are outstanding in the

are

ter¬
with

points

Mr. McElvenny testified
during hearings on the company's petition
to be exempted from
submitting the proposed bond offering to competitive bidding.
The company has negotiated for the sale of the bond
to the Metropolitan Life Insurance Co. and Mutual Life Insurance Co.

are

will

1584.

p.

Connecticut, Maine,
Rhode Island.

the

apply

(parent),

advertising

companies

connect,

of

rural

for

and

the

between

offering.

Halsey,

Detroit

will

and

repayment

Co.

$81,450,000.

of
for

intends

toward

Telegraph

established

Jersey

other
at

services

Revenue

California,

New

all

they

services

and

programs

within

conjunction

territory in conjunction with other
Telephone <te Telegraph Co., parent
the company has connections' for the

ships

teletypewriter

insurance

3%8S.

in

Debentures

York.

Hampshire,

with

which
with

service,

service,

in

service

such

T.
McElvenny, Vice-President,
$66,000,000 of the company's 33a%

of

Contract '

preferred

168,

101.769.

for

15

of

points

cases

toll

American
company

Ralph

the

1988.

Oct.

between

the' only Michi¬
is furnished

service

Michigan-Wisconsin Pipe Line Co.—Private Bond Sale
Opposed by Otis & Co.—
v

1584.

p.

Co.—Debentures

6 Mos. End.

and Roy J. Sund,
Donald A. Snyder,

President,
directors, and

complete

19

1948;. due

Marathon Corp.—Two New Directors—
the

Collective

new

by

par) common..
Underwriters
of Michigan Corp.
Proceeds

First

Telephone

EARNINGS

Frank J, Dvoiak,
Assistant to
Vice-President, have been elected
Director of Sales, has been named

($1

and

t$62,523

.$63,829

other

taxes.

cumulative

and

Bell

banks

Corp.—Earnings—

♦Net loss

Co.

stock

payable April

with

case

of

Quarter Snded Aug. 31—

:

&

awarded

construction

Madison Square Garden

the

affected

registration statement with

a

shares

advances

1364.

filed

18

service

is

local

,

1948.—V.

1,

Muskegon

which

in

11

.

adversely

Redeemable, at the option of the company, in whole or in part, on
any date,
upon at least 30 days'
notice, at 105.25%< to and including
Oct. 14, 1953, and thereafter at decreasing
redemption prices in each

The

Com.

May

67,000

redeem

an

Dividends,

been

under

expenses

effective

tDeiicit.

have

with
and

exchange
and

from sale of

including those payment of which

stock,

1948

and

Interest

of

$441,788

in

Oct.

on

submitted

Dated

1948—9 Mos.- -1947

1948—3 Mos.—1947

$368,610

of

5Vfe%

issue

chusetts,

deducting

expenses

$726,646

shares

to

savings

MacAndrews & Forbes Co.—Earnings—

•

■

writer

casting

f$224,467

toll

outside

communication

phone

1,128,000

$107,125:

points

countries

The

;v: %;:7

\il"-

-

Morgan Stanley & Co. and associates on Oct. 20 offered
$75,000,000 40-year 3Vs% debentures at 102V4 and int.

cents

and the regular quarterly dividend
capital stock, both payable Nov. 15 to

the

on

dividend

of 25 cents per share
holders of record Nov.
on May 15 and Aug.
15,

shaie

per

1.

Working Co.—37V2-Cent Extra Div.—

Oct.

on

and

companies

other

$1,854,646

1,110,000

debenture

Livingstone

The

The

$885,533

/ov,

■;

available income.

increase

Michigan

payable Nov.

July 1, Oct. l and Dec. 31, 1947. —V. 165, p. 2547.

on

R.

share

per

and

188,000

67,500

part

S.

20

1

185,000

earnings

Stores; Inc.—12 Vz-Cent Distribution—

Lucky

%'.■

int.

employees

covering

be

The

$295,125

therefrom.

revenues

furnishes

company

within

1948—6 Mos;—-1947

{"$75,267

company

($20

..-'..v.

'

$109,733

1

:

of

over 50,000 population
non-affiliated company.

compahies, principally
through which latter
interchange of traffic

Michigan Bakeries, Inc.—Registers With SEC—

record Nov.

of

one

U

chgs.l.

upon

considerable

outstanding

S3.25

to

1363.

p.

the

and

1,024,131

to holders of

15

declared

19

Oct.

on

deprec.

annual

Sink,

NOTE—The

The

Currency

division

city of

ritory in which it operates, in certain
connecting companies.
It also furnishes

$1,706,824 $11,089,914 $10,227,245
1,411,699
10,204,381
8,372,599

$1,877,730
1,767,997

oper.

income_

is dependent

(M.) Lowenstein & Sons, Inc.—Extra Dividend—

Canadian

the
a

The

(& Subs.)—Earnings

1948—Month—1947

Net earnings

value

the

for

by

telephone

and

added

letter

incl.

oper.

"Accrual

voted

$7,000,000.

from

earns,

Net

said

in

(Figures
Period End. June 30—

(1695)

gan

are

Mexican Light & Power Co., Ltd.

sell its property to the City of Louisville to be
profits going to the University of Louisville.

company

with
!■

referred

further

CHRONICLE

122

Gross

letter

FINANCIAL

offering at 60 cents per share (U.S.
funds) 400,000 common shares (500 per share, Canadian
funds).
The shares are offered as a speculation.—V. 168,
p. 252-.

the

of

arrears.

Donohue's

*Mr.

.

member

a

&

McVicar Mining Co., Ltd.—Stock Offered—Carstairs &

Co., Philadelphia,

committee. Mr.
Donohue also advised the stockholders that Henry J. Tilford, an attor¬
ney,
has been employed to work with Henry M. Johnson, another
.■committee member,
on
a
suit to force payment of dividends, now
Louisville,

COMMERCIAL

service

with

traffic

them

and

amendment

1948,

20,

value,

to

pursuant

by the distribution
of

each
The

share

New

contracts

tribution;
—V.

certificate

the

to

which

each

of

incorporation

share

changed into two shares of

was

in

on

Oct.

record

at

York

Stock

the

common

and

168, p.

0?

that

1585.

all

21,
the

common

filed

was

stock,

stock, of

$1

1948, of one additional share
close

Exchange
stock

of

common

on

due-bills

of

on

must

business

Oct.

Oct.

22,
be

20

on

Oct.

directed

1948,

redeemed

on

20,
ex

Oct.

Oct.

$1

par

value,

to holders

that

shall be

on

of

par

1948,

Exchange
said

26,

dis¬

1948.

'

m

Monday; Octoberf 25 ^ 1948

COMMERCIAL &>. FINANCIAL* CHRONICLE

THE

(1696)

<*•

-

Co-.--Special Offering—McKelvy- & ..<*• North* American Ray on- Corp,—Stocks Registered-*The' corporation
and- American* Bcmberg"Corpivfilechregistration
Co^, Pittsburgh,, made a special offering Oct: 19" on the
statements with the SEC Oct. 19 covering ^the:.Shares .of, stpck .npw
j^ew York Stock Exchange of 8>0Q0 shares of capital-stock
held by the Attorney General.
This action was taken at the direction
.of
the
Attorney- General
in orden, that, he might offer the-vested
*par $l).at $42'Vz per share, with a commission 'of 70£
Mtirphy

0.)

(G.

share.—V. 168, p. 1484:

a

o

21

J;
'GOO

'

.

'

.

iissuOR

"Ambassador" and
models-are so- drastically
(hanged in design that all body dies and major .assembly line equip¬
ment
used' on 1948 models had to bo scrapped in order-no- produce
them, according to H. C. Doss, Vice-President in charge of ,; sales ot
The

Nasht

new

19 "said:

Oct.

(o

more

plants,

•war-for-additional
development."

.

-

,

.

\

1

;

'

'

.

$1,713.
$2430;
scrips.

■

Thii -is
167;

p.

increased

s
•* ^v
'
1 .' '
"Super 600"' series and
»

204,111

taxes—

1484.

168,.p.

production.

'

stock,

payable

quarterly

50'A

a

will

in

in

,

since

Arkansas

its

1927,7 and

1928.

Company

ice' properties

The

and

rural

contiguous

communities

15

and

Arkansas. and

western

■

the

to

and

suburban

electric
16

Oklahoma

•

The'

on-

and

-\.V-

number

The

at

669

Oct. 9,'48

,

$21,017,537

___i._____2.___

The

The

The

debentures

are

890,000.

With SEC—a

Census

the

was

stock/

The

:

First

The

with

funds,

general

Oct.

1948.—V.

9,

168,

Boston

Lynch,

Fenner

&

week

Oct.

ended

and

construct

by

operate

delivery

and

Pacific

Reinholdt

Tucker,

miles

of. 24-inch

units'with
built

be

miles

17

pipe

20-inch

of

11,200

of

Period End. Aug. 31—

'

$

Operating

revenues __l_

Uncollectible
t

Operating

Operating

rev.-

oper.

revenues

expenses

Operating

.

to the Minneapolis-St. Paul area/" ;

■/•//

;

168,

of ;the

cost

Dick

.

//L./C J- :-

.

facilities is $4,311,000.

_

Northern States Power Co.

^*

'' $"'

-

Electric

104,393,506
10,291,482,. 88,464,261
931,4.62
7,031,983

1,000;

1.0Q0

charges

970,669

8,897,262

537,992

4,984,174-

Electric

7;238,G24
.3,930,142

-—Vp 168.

1484.

p.

:

746,341

&r Co.-

Net

Fed.

est.

income

income

—-V.

after

$2,024,892.

$1,289,081

844',SCO

.555,900

taxes

$1,299,431

—

$1,180,392

'

V

Nov.

4,. 1948,

Prooeeds

an-

on

will

be

applied

toward

the

purchase

of

400

all-steel

70-ton

gondola cars,
10 steam freight locomotives with, tenders,
13
1.000-h.p.
Diesel
electric
standard
switching
locomotives.
Aggregate cost of the equipment will be' $5;767.500.' C

Period End. Sept. 30—
U.

'

1948—Month—1947

income

$8,887,927

income

S.

Other

llwy

railway

Net

759,000

'

accruals
inc.—

372,956

income

1,423,974

6,066,000

439,925

1,516,688

oper.

•Includes

168,

adjustment

4.044,399

12,115.189

of

railroad

Insurance

been

a

December,

ho

1942,

William
Chief

J. Myers has, b66n
Vice-President of

This

V.

Secretary,
T. Phillips have been named Deputy
Herbert joined the New York Life in 1901 and
Both were appointed Assistant Actuaries in 1929

was

Herbert

Actuaries,

and

Mr;

Mr,

Phillips in .1921.

and

William

mittee,

F.

,-

'*

/

:

/1

.

of Texas

initial

Dr.

Murray

has

been

Chief

Home

Office

r

/

Miller, a division head in the Auditing Department, was
Deputy Auditor,—V. 167, p. 2363.

Other

Barney

Susquehanna & Western RR.—Interest—

warrant

No.

11

on-.the

Terminal first mortgage

per

of
.

annum.

record

1 The

be,

at the

New

York

close

of business

Stock

Exchange

on

on

Oct.

Oct.

29,
15

1948.
directed

York;
•

the

bonds

168,

p.

1484.




Melben

120,480

Oil Co.,

acres

700

'

700

700

'

,

this

acreage,

in charge of testing,
/

,

Co.—Com. Stk^ Offered—The

awarded to the group ("at competitive
its bid of $32,63. The proceeds from
to Standard Gas & Electric.
,-' ;
on

Brothers

&

and

Co.

1100,

Room

,

,

,

Co,,' Inc.; $32.25 ■ per- share;
$32.13 per share; Smith,
Harriman Ripley &. Co., Inc., $31.66 per share.

submitted

bids

North

Recent
v

declared

payable

dissolution

this

machinery, equipment and rights

corporation

located

the premises

and

of

231

Otis

were:

Blyth

the

&

&

Inc.,

Co.,

Harvey

Room, 315, Hi Broadway;,New
Salle Street, Chicago, and Room 500,

company:

South La

Oklahoma City, Okla.
York;
Continental
Illinois

Street,

the

Dividend
a

Oct.

holder

Declaration—The

dividend

-

of

-55

cents

directors

per

share

of
on

the

the

company

common

have

stock

to holders of record Oct. 15.
As Standard will be
record
of the shares now offered- on Oct. , 15,
1948,

it

will

such

dividend

on

such

shares.

Kv.-„

Ekron,
on

p.m.

to

will

Oct.. 25.

the stockholders will be held on Nov. 3 to. vote
corporation/whose office is located at -1412

the

of

168, p. 1485,

V.

which

Oct. 20 offered 141,490 shares ($5 par)
share.
Vl

on

stock at/$18.75 per.

.■

proceeds towaid the
and to add the re¬
company's cash resources for application
additions' to utility properties.
The above men¬

PURPOSE—Cdmpany proposes to apply the net
of $2,500,000 outstanding bank loans
if

the

toward

to

any,

cost'of

the

loans, which are

owed

to* First

<

National Bank of " Minne¬
10, 1948,-wele

by their .terms mature on or before Nov.
for temporary financing of mew construction.

incurred

CAPITALIZATION
-

OUTSTANDING,

GIVING

/■//''L;"/- r^S :

EFFECT

TO

FINANCING
' : :; / /Lv-^
XI 3'iv Series _of 1971, 'due Sept. 1/ 1971L.———$5,264,000- V
3 7r Series of 1974, due Jupo.l, 1974—_
1,441,000
2%% Series of 1977, due June 1, 1977————
3,000,000
3 Va (!>•;- Series of 1978, due March .1, 1978——,— - 2,500,000
tCumulat.ivc preferred share - <no par)—
:/:/•:/
7- f-':" /
$3(60 cumulative preferred .shares—r
60,000 shs.
ICommon shares (par .$5)_———•_
, V 500,000 shs.
/// •/- •■ :

°First Mortgage

-PRESENT
Bonds— -v/•

.

first

•The
and

are

all

issued

be

open:end mortgage
Additional,-bonds may
50'/,/ of net additions
t Authorized 90,000 shares.- t Authorized 750,000^ shrs.

mortgage
held, by

thereunder

and •bet terments.

>

bonds

issued

are

under

an

nine -institutional investors.
in amounts not exceeding

NOTE—;Thc board of directors has authorized the officers to borrow
up- to $3,500,000 on
short term notes of t.he company. The Federal
Power. Commission has authorized the company during tho years 1948/
1949
and 1950 lo borrow not to exceed $2,500,000 at any one time
outstanding, on unsecured notes,-maturing in one year or- less- and
bearing, interest at. not-to- exceed 3Vc> per annum/
;•./ /
;
since 1920- paid divi¬
time to time,
1936. when portions of tpe
dividends on, such -shares were, deferred and eventually paid in 1937
and 1938.1 Dividends on the 60,000 outstanding $3.60 cumulative pre¬
ferred ' shares are 'payable'/..'March- 1,. June 1,. Sept. 1, and Dec. l,..the
annual dividend requirement being $216,000.
' / - •
Dividends on common shares outstanding from time to time have
DIVIDEND

in

dends

except

been-

the

each

share

shares
of

years. 1934,

1935

subsequent

and

to- 1937/ Effective June 30. 1948. the
split on a two-for-one basis.
to 1945,' the- company paid commbn

.reclassified, and

were

the

regularly

preferred,.shares, outstanding from

its

on

paid each year

common

For

has

RECORD—Company

full

during

four-years

dividends-aggregating

1942

$1

per

share

(adjusted

for

the

stock

split-up). Dividends, as s© adjusted, of $1.25 per share ancl of $1.50
per share were paid
in 1946-and 1947, respectively. Common share
dividends are regularly paid March 10; June 10. Sept. 10, and Dec. 10.
Dividends aggregating 90 cents per share
(adjusted, for the stock
split-up) have heretofore been- paid in 1948.
A quarterly dividend
of 37*.2
cents per share on all common shares of the company, in¬
cluding those now offered,- has been declared payable Dec. 10, 1948
to

holders of

record

Nov. 30,

1948.

30.

of

receive

at

at 2:30

Forgan & Co. and Kalman & Co. headed an underwriting

HISTORY

'

-

of

Otter Tail Power Co.—Common Stock Offered—Glore,

holds leases from

in the Gulf of Mexico.

.....

quoted

—V.

the

Registrars: Chase
National
Bank,
New
National Bank •&
Trust Co, of Chicago, and First National Bank & Trust Co. of Okla¬
homa City, Okla.
\ ./
321

,

that

ex-interest 2c/r on Nov. 1, 1948; that the bonds shall, con¬
tinue to- be dealt in "Flat,"
and to be a delivery in - .settlment • of
Exchange contracts made beginning Nov. 1, 1948, must carry interest
warrants Nos. 12 to 16, inclusive.
Interest
is payable
at office of the comnany in Paterson, N. J.

with

total of

was

19,

Transfer. offices

50-year 5&

1948,..will be paid on Nov. 1, 1948; at the rate, of 4 </c
Said payment on-registered bonds will be made to holders

gold bonds, due

a

Co,, is among the vanguard of some 14 oil companies
leased and are in various, stages of exploration drilling,

Oct.

on

Lehman

Interest

of

the sale will go

Assistant

New York,

this com¬

Mexico,

Oil

have

sale

^

W.

test

Electric Co:,

;

Director.

Herbert

the Gulf of

ing part of the 750,000 shares owned by Standard Gas &

.

■

made

' '

auction on

special meeting of
the

mainder,

offered to the public Oct. 21, 250,000 shares of common
stock (par $20) at $34,25 pei\ share. The stock, represent-

!

Medical

to

Oklahoma Gas & Electric

'

Examiner since 1946, was promoted to the position of Assistant Medical
t

A

Gulf of

First Boston Corp. and Merrill Lynch, Pierce, Fenner &
Beane headed a nationwide underwriting • group which

,

an

Bell, Who

F.

Ohio

;

,

who has been Chairman'of the Insurance Com¬

Stokum,

appointed

700

Distillery, Inc.—Sale at Auction—

names

-sale at

for

common

and development of more than 2,500,000 acres of submarine prospective
oil lands off the Gulf Coast stretching,from the Delta/of the Mississippi
to Matagorda-Bay, Texas, This program is part .of. the petroleum in¬
dustry's campaign, to discover , and develop added oiL-reserves which
insure sources of crude oil far into the future,—V." 168, p, 1485.

r

James

Assistant Vice-President.
H. Everett Woodruff, formerly Manager of the Investment- Depart¬
ment, was appointed an Assistant Treasurer.
Grant A. Martell was
advanced
from
Assistant
Manager
to Manager of the
Investment
Department.
...1
~_
was

\ ;V"'I

/

the other half; The Ohio, as unit' operator,"is
drilling; and development of the unit.

elected

Actuaries in 1937.

Townsend,.

Walter- & company/7V..
iWurts, Dulles & Co.—_—

-

Heybum Building, Louisville, 2, Ky.—V.

group

located 13 miles east/and slightly
north. of Freeport,
Texas, is on a unitized block, embracing 5,760
acres.-The Ohio and Melben companies have under lease one-half of
this block'while the Humble Oil & Refining Co., holds leases covering

I

1946.

brand

offered

retirement

the waters of

jointly

company,

State

The

1

In

December,

1,500

'

■

estate, improvements,

bank

the

He

since

&

Crouter & Bodine
Hannahs, Ballin & Lce-ii/.."-

and

The

the

company

in

'

,

!

shore

real;

apolis

t

tax.

designated-Executive Vice-President,*

Haven

De

1,500

1586. /

Pointlexter

Old
The

tioned

•/

New York Life Insurance Co.—Officials Promoted—
Clarence

'
■/

has completed the construction of a ' huge; steel drilling platand
started drilling operations in the search for petroleum
under the ocean floor," according to ah announcement,
.*; /
•
)

which

has

p.

168,

.700

Carter H. Harrison & Co;_
700
"
4
R.-H. Johnson &^Cb.___;__- * 700
1,500 /: Lester & Cc.-.i
.
700
1,500
Miller & George,-"—.700
1,500
O'Brian, Mitchell <fe Co._v_
700
1,500
Rambo, Close & Keener,
1.50Q
Inc. L-U-,;-,.—_l —■;
700
1,500Scott, Horner & Mason, Inc.
700

Co.———

—V.

pany

7,015,622

unemployment

Company___.—_—

Hirsch &

form

r

5,446,012

1585.

p.

.

certain

Placed

Operation in

Drilling

? /
off

miles

Six

L'

,

—V.

*

,

,

10(890,054.-

-

•

>

Co.^—Securities

:,/v' ■../L/V"/::-;

/

-

Co.—Starts

.] Mexico—

2,999,063

"3,588,123

629,997
478,372.

-

SEJC

,

1948—9 Mos,—1947
$80,922,988 $67,110,140

229,000

taxes__

tax

Net

$7,478,063

Co..___—

&

A. <3. Edwards & Spns-—^

C.

*

OMo: Oil

'

EARNINGS FOR SEPT. AND FIRST NINE MONTHS

-

Curtiss, House & Coi/..___„

on

and

Gross

co-

Allyn & Co.^ Inc., - Chicago, has annouDced the sale privately of $700,000 first mortgage
bonds, 3V2% series due 1978 and $1,300,000 10-year 4V2%
sinking fund debentures due Sept. 1, 1958. ■' See also V.
Privately—A.

168, p. 1586.
:;«V .
..
,

.

drop-end

/ • r;

-

.

Public. Service

Northwestern

:

v

20 announced that bids will be opened at- noon,
issue of $4,600,000 equipment- trust/ certificates.

Oct.

company

Cohu

7 700/

2,000

Burke & MacDopald

.

/

tile SEC

15 filed^a. registration 'statement with

Cd,'<parent).-—V. 168,,p/1586.

:

Chicago & St. Louis RR.—Equip. Bids—

Company, Inc>__

&

Redpath

J

1,000

2,000

Auchincloss, Parker &

$60,000,000' 40i-year debentures. .The pames of the underwriters will-be determined through competitive bidding..;' Proceeds will
be used-sto- repay advances from American. Telephone and-Telegraph

'

The

Co;

Stroud

Co;__;-_;—1,000

Boenning ,<te Co._^;/._;__-_
Burgess & Leith;-__ii-_;/

/' Chace,* Whiteside, - Warren
-s_i
& Sears, Incorporated700

2,000

—

1,000

covering

$2.82

■

168, p. 1365.

New York

Trust

Guaranty

The company on Oct.

-

$733,181

$4.55

share

per,

'

" 1

*

Northwestern Bell Telephone Co.—Registers With

,

*

Net
Net

4'

■

Stix-&

2.000

Co.—:

1,000
1,000
4,000

-

Townsend, Dabney & Tyson
*

—2,000
&

Putnam

;

•

Coi//

and

Byllcsby

'

E. M. Newton & Co./^;/—>, LOOO
Prescott, Hawley, Sehpard1. '
/
& Co., Inc.
—_
1,000
Rotan, Mosle & Morland__ ; 1,000 '-,

2.000 *

laird, Bissell &( Meeds

be

896;500

taxes

'

(Minn.)—Co-registrar-^

1946'

$5.01

income

;y. V:'

' *

-

,

M.

Ferris &

1947

$2,195,931

for

v

of New York has been : appointed
registrar for the common stock.—-V> 168,-p, 1485. r ;

(

1948

income

Reserve

1

States Power*Co.

H.

Farweli, Chapman. <fc Co.—_
First Southwest Co.": ;_Lir
Mackubin, Legg & Co.i._r__
A. E;-Mastcn & Co.-i_____

>

3,300
3,300

rf Henry Herrman- & Co.__4_-;

New Y!orfc Air Brake Co.—-Earnings*

"

t

The

-

Sept. 30—

1

1,948,

Oct. .9,

^

3,300

Goodwin .Inc.——

&

1.000

Fah'cy, Clark &> Co.1.000

&-Hutzler.;// 3,300

(Inc.i

j

?

ended

week

„

company

9 Months Ended

the

lor

company

Bond
'•

63,150.000

Northern

i.

has. issued invitations for bids to be received Oct. 26
for its: proposed
offering of- SlOjOOO.OOQ first mortgage bonds:
Bids
will be .received up to noon at Room 2033, 2 Rector Street, New Yotk.
—V.--168, p. 1365.
' •
;
V-"7-'-'/I ,-

.

compared* with

as

this

output .of

kwh., as compared with -55,999.000' xwh./ for the
; corresponding week* last year,, an increase of-12.8^ .VrV*. 168/ p; '1485.
totaled

•

New Orleans Public Service Inc.—Invites Bids—
The

ended Oct. 16. 1948,
56,504.000 kwh. for the

,

4,400
4,400

Bateman,. Eichler & Co—-

for the-week

company

Corresponding week last! year, an dncreaso of

*

after

Net

1.273,120

income—..

Net oper.

this

kwh;;

totaled-62,958,000
:

91.422,398
76.766,857
7.416,917

12.193,61,3

of

output

(Del.)-—Weekly Output—

1,000

Clement A. Evans & Co.. Inc.

Maynard H. Murch & Co.—

Bros.

1,500
" 1,000

H. L. Emerson & Co., Inc.-

4,400

Cook

•

,

1.000

Merle-Smith'——3,300

Newhard,

.i/*

1,000

'

1366.

p.

&

iU-V-;-'

1,500

B.vrd Brothers
E. W. Clucas & Co._^_/L_L

Harris, Hall &.Co. (Inc.)_/L3,300
Carl M.
Loeb, Rhoades
Co.
/, 3,300

•

/

Butcher & Sherrerd____.L~

-

Securities Corp,3,300

Salomon

Mos.—1947
1 *

1,500

6t600

Honnold_.._/i__—_

American

The company
said it plans to finance the project by sale of. debentures, -issuance
of common stock; bank loans, or a combination of all or part of these
•Estimated»" overall

13,600,897 .12,221,415 104,614,590 ' 91,598;243
r:3l,7j.7
27,802
.221,084.
17.5,845
13.569,180
11.331,943
964.117

__

—_

taxes

$

Calif.___L__

-

Gardner-> 1,500 ■*''

6,600

H, I. Josey & Co.—v-_,:

Co.—EarningSj—

.: 1948—8
$:

1948— Month—1947

*

&

/Lukens

& Co.6,600

Anthony

-

.

6,600-v

Edwards,

C. Edgar

horsepower.

Northern Natural's existing pipeline

which extends from gas fields in Kansas, Oklahoma and Texas

system
;■{

pipe,

aggregate

an

along

J.

>

6,600

I

Cbmpany_,„_.f__7,

Piper, Jaffray & Hopwood-

New England Telephone & Telegraph

of

Co.

Brooke, Stokes & Co._L:c;
Brown, "Lisle Ss Marshall--

k

6,600

Brothers- & Co._r—:

Stern

R.

&

/

of Shares:.

.

.

6,600

tang,ley & Co,_r"____

its transmission system north of Clifton.
feet. The proposed construction includes

of
cubic

to

are

methods.—V.

:

arenas

Number
///,

19,200

(Inc.)

Moseley & C.o.,-

Shields

new

compressor

facilities

F. S.

Oct;* 14 authorized the company to
natural gas facilities designed to increase

capacity

45.000,000

seven

The

•

•

W. C.

,

15,

1585.

p.

-underwritten

-./.

16,500

& Co;2___

Dominick

&

:

)

stock

common,

•;: •/>■/,/ /
-v'.-

16,500

Dominick

.

Power Commission

.The. Federal

/' approximately 28*2

this association reports elcctri.c output
of 14,724,499 kwh.
This is an increase of- 402,325 kwh., or, 2.81 'kabove
production of 14,322,174 kwh. for the corresponding week a year ago.
Gas output for the Oct. 15
week is reported at 148,665,000 cu. ft.
This" Is an increase of 7;033,000 cu. ft., or 4.975
above production of
141!,632,000 cu. it. for the»■- corresponding week ' a year ago.—V.1168,
the

severally

the

19,200
Edward D. Jones & Co./_i_
1,500
■/"■'*/Metropolitan St, Louis Co; 7 1,500

Bcane___-_.-__

Central Republic Co.

daily

Electric Association—Output—

New England Gas &

;

Corp,-__

Corp,

-/

Kan.

For

of

of Shares

Pierce,

Sachs

Goldman,

Operate New- Facilities Adding 45,000,000 Cubic Feet Capacity to System—
•
/'
'

1365,

p.

and

are

Th. Construct and

to

in. 1947

purchasers

Number-

v.'L;";Merrill

the

number, of shares
;'.*/• "•••;■

■

a

11.17%-—

716

states'.

those

Oklahoma

expected to supply' the
Kidder, Peabody & Co.i^»-,16,500>; The Robinson-Humphrey
"flinds'required'to-retire presently outstanding bank loans of 82,500,000
E. H. Rollins <fc Sons Inc.- 16,500 :'/7
and- carry out the 1949 construction program presently estimated to
;Stone-<fe Webster Securities ?
L- Robinson; Rohrbaugh
cost approximately $13,000,000.
./L'C/'
debentures, 'together

Oct. 9,'48
Oct. 4, *47
$18,906;102'$205,085,666 $158,302,4-16

from

in

in

,.

of

names-

respective

follows:

.

at a later date to issue .and sell additional
proceeds from such sale*.'arid this offering, 6f

plans

company

'common
'

—40 Weeks Ended—

decreased

located

estimated by
The
population

Federal

registration statement with the-SEC
to. matuiy) seriallv ,fromi/1966' through.;
to be sold competitively,
« .
f

Oct. 20 - filed
$6i000.000', debentures

company

1989,

■

Oct. 4t'47

operation

in

stores

of

cooperatives

are

by the
officers of the company at approximately
of
this territory
according : io/( the
1940
approximately 613,000.- 7
TV
7

is

-

Sales

216

v'iii

for--.-iresa'l.e'

approximately 8.3'o from sales: in: Arkansas.
aggiegate- population of: the territory/ served

present

company

Proceeds, will be used for .construction.—V. 167, p. 2792;

covering

4

—4 Weeks Ended—

electric

served,

.

Oklahoma / and

in

in, Arkansas and. of.thc gross, operating revenues for-the. 12. months
ended /JuiJe-30L J-94P. approximately 91.7% "was' derived from' sales in

•

dividend' of 25 - cents per share; previously' declared,
Oct. .31 to holders of record Oct,.. 15. Cash -payments
to' $1 per share, as against 90 cents per snare
168, P. 348.
d
J

National Tea. Co.> Chicago—Current Sales Up.

engaged
* •
..
communities

now.

225

wholesale

at

.

properties

its. gas

in

territory

pnergy

rural

communities

total

all: of

.

Company '/is

"

retail electric' "service

furnishes

company

sold

1931.

in

solely in-the electric business.

Service. Co.—Registers With

Public

Northern-Natural Gas Co.—Registers

-

amount

1947.—V.

been

electricity

and7 in

■

and

,:

on

will

1948

is an operating electric public., utility company ;and,Ts-now
in the production, purchase, transmission, distribution /ancl
in. the states of .Oklahoma;, and Arkans^. . Ithas
continuously engaged in" this business; in Oklahoma since' 1902

of

sale

.

cash

i&: payable
in

1585.

p.

/

1975,; 2a4%) •

PURCHASERS—The

dividend on the common

stock

168,

1,

engaged

L■':.;vv-v.-'

company

bidding.

/

holders of record Oct; 29: Holders entitled
receive the-payment
in cash.
The (usual

to

30

Nov.

shares

fi'acticha!

to

declared

have

directors

The

V.

authorized
4/.-/;7 ;// 1 "
bonds/'series of 1947 due

amountcof bonds

mortgage

Company

now
result in any
,
'
'
*

not

does

step

first

have - been -issued' and pledgecfvaS' securityfor thb
'' 'j-^//};,''-/3
■-.a v-/ -. I"
X' BUSINESS—Company was incorporated in; Oklahoma^ Feb/ 27, 190Y.

Oct, 20 filed a registration .statement with the SEC
covering $11,600,000 first mortgage bonds,- series D, due Nov. 1, 397$.
The names of the underwriters will be determined through compet uve
The

•

i

This

$3,500,000

secured'notes.

installed; and

recently

tho* type

also

See

Nortlierii Indiana

/•

Stock—

National Tank Co.—50% Dividend in

Feb.

continuous/process-developed
This authorization'covers the installation of addioperation.

additional

tAn

13,500,000

^

indenture'!Vi^'T^

the:

amount "authorized" under-

,:,Thc

to the new,

machines' of

3,500,Oop

*tr'7,5.00,<MXK"Ll--6-j500;00i6"A<
7 -17,800,000 f

stockiv (par $100Lilw__,___

•pressed: amount;*/ The; present maximum
by the. Stockholder.^ is $200,000,000.

made. on

be

can

:b.-'

5,500,000

stock (par $20-1.,,35,810,000.>:<

Common

:

;

t$35,000(000

24

$4,696,990 ' $3,688,981
232,042
181,091

$2,210,319160,369

:„i4- $1,983,236before

.

Outstanding

—

Cum., preferred

Of

> 1948—2 Mos,—1947

1948 -Month—1947

Period End. Sept. 30-Sales.Profits

v:

Iitc<—Earnings, Etc.—

Hess,

..

--

successful: commercial

in

.

SEC— r•

Bellas

National

these

on

nationals.

all 'but- American-

• /■//•

offering

the

that

-

by the company:
'Ticmai;' continuous

series over the 1948 Nash prices.—
•',/- •;«* -J;/ -:>J ;

the "SUper' Ambassador"
2791.

.$390' on

the

hoped

'

at Elizabethton,. Tenu.,

plant

as

,*,

..

of $275 on

increase

average

an

is

it

,v

'1 %&., due Dec. 31, 19492_ri'.3,500,000x ;.
'4%Woum„ preferred, stock.. (pai::$20)_L____-2-y-'30.000,000 >

or/before Nov.
'• •-v •.
J,. E. Bilssill;. President of both
corporations, announced that the
board
of. diroc.torts
of, American. Bcmberg Corp, has authorized, the
expenditure of $2,500,000, as an initial step in the 'conversion of its
and

,1-5, -1948.

follows:
Super 600
$1,T10; four-ddor .sedan,
"Super Ambassador" series, two-door sedan, $2,109:-; brougham,
xour-door sedan, $2,134.
Custom models-are available in-both

series,

V.

...

.

.

prices of the ncW cars are
two-door
sedan, $1,668;
brougham;

list

Faotory

-

• -

JUNE -30;a 1948/

•Secured- notes,-

•

opportunity.

given a-similar

-

■

.

t

Corp-,

bringing
since the
expansion, modernization and' new model

spent in' excess of $15,000,000 on the now cars,
than $40,000,000 the total spent by. the corporation

the

to-

MtVcu

.

/,*

,<■

.

stock-containing

of

CAPITALIZATION

-

'v-Serialv. notes,.due
in equals.;Semi-#>'•
annual
instalments-' 't'0-cl9532^i-r.--.---il'
$9,075,000

.r-'L.;i/;'/
V
It is* anticipated' that the public offering of- the- vested-/.shares' will
be made .as so.on. as possible after, the< new: issues have been created,
be

.

.

,

has

"Nash

a

.

President and Chairman ol Nash-Kelvinator

George W. Mason,
on

'•'

Motors Division.-

the Nash

,

corporations'charters? -which-w-tll . create new
tiio required restrictions.
If (these amend¬
ments are
approved by the stockholders, the Attorney General will
convert^ liiff holdings to the" now'issues;
All_ other .-.stockholders will

-amendments

'

,

.

specific
then': resale to

that

"

" ,v

* '

-

' ••,' '-w'^Authorized'
mtgc, bonds,-^seWeS due Febc 1,; 1975,'
' ••

--1st

Special meetings of (-the stockholders, of both corporations, jus prei•viously announced, w'lh be hold Nov..-84" 1948, to'.cqnsidjer1 the necessary

Nash cars were made public on
Oct. 22 were displayed- in dealer,

completely new lines of 1949
by this corporation, and on
across the nation.

Two

Oct.

.showrooms

intended

is

It

...[-'X'v
Crestrictions wiliv be-placed

•: *//

at'public sale.'

shares -which -will' preclude

1949. Cars-

Nash-Kelvinator Corp.—Announces New

;

"shares

V:/,:L

'
v

«•

sota,

July 5,

AND

BUSINESS—Company

1907."'

"

_

was
/,

incorporated
"

in

Minne¬

,

-

Volume-168

Number 4745

THE

-Company is now- engaged- in. the business of producing, .transmitting.,
electric energy at retail dhd at. wholesale

,

distributing;. .and. selling
in

western

South

Minnesota,

Dakota.

During

1947

Dakota and: extreme

North

eastern

derived

company

and

had

95,(191

The

served

there being'only

largely

also "is

steam

water,

territory

to

wheat predominating.

support
'

a

the

from

of

part

the

and

the

by

the

on

raising

is

livestock

of

River

Valley,

minor

are

and

the

<

Mason,

Moran

Peters,

Writer

Co',, Inc. 1_

and

Baird

&

7,50o

Central Rtpub'io Cj. (Inc.)
The Milwaukee Co.

Paine,
&,

William

Co., Inc.-

Blair

6,000

Co

163,

ended

168.

On

Oct.

and

Caldwell,

1,400 *■'

no

Graham, Parsons & Co.—

5,000

Barret,

Phillips Co.—
Fitch & Co., Inc._

1,000

4,000

Bingham, Sheldon & Co._

1,000

3,200

T.

&

Chicago
E." M.

Co.—

Co.

2,800

&

Co.

Allison-Williams

______

Co.

W.

2,'300

„x._—

Adams

C.

In nig

R.

2,300

Olson

plates
,

,

6 Mos. End.
June 30,'48

.

.

'

A.

•

Operating
Oper.

Co

and

——

,or

the

prior

into

convert

all

or

to

of

loan

term

it

On

'

15,

entire

the

been made

if

Price

1950,

credit

if

the

•

plus

,

Years Ended Dec. 31

' A '

the

$7,851,417

$0,884,682

$5,999,024

3,811,414

6,701,037

5,549,490

5,099,041

$514,773

$1,150,380

$1,335,191

$899,982

income-

oper.

Other

income

17,172

13,864

".The

oil posting Is; as fundamentally sound a's it was the day it
announced," Adams said.
"Increased costs
in finding, drilling,
producing additional'crude oil reserves are the basic reasons for
Phillips' action in posting the oil price;
."v:; t-,,:--;
-"An increased price at this time v/ill help this country to develop
its

'Total
Income
"Net

—V.

income —:

168,

$930,535

$531,945
$1,164,244
$1,361,309
91,184'
160,058 '
221,072;

deductions

$440,761

$1,004,186

:

-

$1,140,237

$649,826

Electric
for

output

the

Co.—Earnings—

(Including Subsidiary, Bell Telephone Co.
.Period End. Aug. 31-—

1948—3 Mos.—1947
$

Operating

revenues

72,374.127 330,252,553

Operating expenses __69.473,689
Taxes

Other

*25, 191,437 ;

Total

-Net

30,311.520
2,028,878

3,110,774

32.340,398

18.215.412

2,759.939

1.503.279

9,584,490

5,084,089

1.607.495

22.755,908

13,131,323

deductions

Preferred

Balance

Earns,

,

*

1.230.000

4.920,000

12.70.9,445

1,356,263

credit

5,126.463

$0.14

$6.20

refund

$1,341,000

of

.tDeficit.—V.

tl,434.430

$1.93

estimated

an

168.

$3.07.

on

initial

its

including

corporation

after

(he

could

be

With SEC—

in'

the

financial

stock

circles

had

par) cumulative preferred stock.
Under¬
writers are Morgans: Stanley <fc Co. ahd Coggesiuill <fc Hicks.
Proceeds
will be used for general corporate purposes.—V. 167, p. 2034.

10,009,000

although
The

p.

were

been

sales

that

It

Fi¬

.

•

before

not

wa;

.

divulged,

than

15

dealer

to

'I

full-scale

it

has

one-fourth

of

not

financing, program

in

of

not
would
the

the

i'.

'

"

minimum

f

converted

be

not

into

stock

common

(on

for

proceeds

from

issue

the

and

added to the general funds of the

amount

preferred

new

retire

of the new bonds
and, after payment,'

sale

company

PRESENT

TO

is

not

stock,

limited

the

FINANCING

but

is

issuance

further

subject

with the delivery of
appropriate steps to
debentures.
tAn initial series.

tConcurrently
will

company

all * the outstandingconvertible

take

The additional 15,000 shares of such initial

be. issued and sold as determined by the board of directors,

may

there

is

plan for the issuance of the additional 15,0<K>
shares of; such initial series.
A second series of 75,000 shares of the
cumulative .preferred ' stock is to be designated as 4.40%
cumulative
preferred stock of which 66,000 shares are being offered.
The additional,
9,000 shares of such second series may be issued and sold as determined by the board of directors, but there is no present plan for thti
issuance of the additional 9,000 shares of such second series.
§lncluding 164,016 shares reserved for the conversion of the convertible debentures

and

165,000

shaies

HThis

by holders of

exercise,
rights,

present

no

stock.

preferred

announced but officials said
permit the company- to get
arrangement.:—V.

the

tenth

standing at Aug. 31, 1948.

;-

original

shares

3

restrictions'of'-the-mortgage.

but

and.

escrow.

\va$

shall

as

received

will pay

prior

series

rumored

the

bo

to

bonds" and

175,000 shares of the cumulative preferred stock is designated as
4V4% cumulative preferred stock, of which 160,000 shares were out-*

"

production

been

proceeds

of
'

months

18

.

will

CAPITALIZATION! GIVING EFFECT

the

been said, however, that approxi¬
stock at $1; each had been committed,

substituted arrangements
production much faster than

850.

be

of

but

the

to'

has

of the

all- the money

new

available
"V.

more'

no

shares

sale

the

would

were

obtained.

of.
it

that

the

into

Pennroad Corp.—Sale of Detroit Toledo Road for $25,881,104 Pending—
:

proceeds

estimated

funds

necessary

capital

that

had

net

started.

mately

($25

"the

1953

.

franchises.

The

1,

Authorized
Outstanding
series due 1977
"
$40,000,000
First mtge. bonds, 3Va% series due 1978 $10,000,000
10,000,000
3% conv. debs, due 1962.. __A.__-.___t__
7,000,000
tNone
Ctun, pfd. stock ($100 par)
250,000 shs.
it1;4%: "cumV pfd; stcck
tu„r,
•'
.
' 160,000 shr.
,v
4.40% cum! pfd. stock___;
i
66,000 shs.
Common stock ($20 par)—§1,250,000 sho.
11920,984 shs.

offering

stock

Oct,

;,.'.,,y-. ■!',•'
First mtge. bonds,- 2%%

the

$8,500,000,

registration, si'-temftnt whh th" swc

a

placed

.

stock

the company

interest)

Authorized

limitations

certain

shares,

distributor

Although

Peninsular Telephone Co.—Registers
-The companv on Oct. 20 filed

Share to Be Redeemed—New

•

the-new

of

and

and

or

x

this corporation

.

2,518.629

~

covering—100,000 shares

;

9,

a

to

redeemed on or sub¬

to, maturity of the $1,500,000 60-day 2% notes of the
company, will be'used to provide part of the new capital required for
the construction program of the company.

the. underwriting • concern.;
«' ; v
>' When the offering was made last June, the* underwriting agreement
provided that no stock tvould^be delivered until the underwriter had
sold enough
stock to bring* the: net. proceeds
of the company to

-■*4

'■,

Oct.

subsequent

or

stock

Co.,

from carry-back of excess
12-month period ended in 1947.

1586.

p.

of.

20.000.000

arising

the

for

-

corporation, which intends to place in pro¬
duction
a
new
small
automobile, announced Oct. 20 withdrawal of
the! offering and saiu that new financing is being-arranged.
Sub¬
scriptions to the stock at $1 a share will be redeemed by Tellier &

10,729,952

share—

com.

Because
of

4,920,000

1,811,925

—

per

^'Includes

profit;

1,230.000

4.718,391

dividends

dividends

week ended

on

per share If
and $103.25 per share if

gnd $103.25

each $100 principal amount of debentures;
day before, the date fixed for redemption, tho
the proceeds from the Issue and sale of the new preferred

V at

-Playboy Motor Car Corp,—Stock To Be Withdrawn—

315,158

10.064,693

——

of the operating companies served by

redeemed:

York.

before

or

1 L27f..

Subscriptions at $1
nancing Planned-^-

17.900,254

285,520

income

Common

•

2,825,254

506.304

< net)

income

Interest

9.558.281

7,304,754

income

16,

kwh.

.

balance of
-

companies served by this corpora¬
1948, totaled 265,811,000■ kwh., as
for
the
corresponding
week
last

operating
Oct.

,

if

1958,

preferred

sale

basis

on

269,770,503

31,917,126

6,173,000

the

1948, totaled 262,802,000 kwh., as compared
with 237,474,000 kwh. for the corresponding week last year, an increase
of 10.7V".—V. 168, p. 1486.

-

Net open-income—___

the

ended

increase of

an

for the

63.375.873 268,023,907 226.678.812

9,666,271

and

accrued

military and civilian use rather than to
said.—V. 168, p. 1366.

Engineering Co.—Output—

238.947,000

Electric output

Nevada)

of

1948—12 Mos—1947
'.V
$
§

$

■'-

88,698,349

—_

year,

of

week

compared. with

'

1958

will bo

Pioneer Service

additions. ' :

'

.

become dependent upon imported oil," Mr. Adams

tion

Pacific Telephone & Telegraph

for

reserves

property

by the company from the
new preferred
stock will be
estimated expenses aggregating
approximately $112,100 in respect thereof. After deducting ffom tho
proceeds of the issue, and sale of the new preferred stock sufficient
funds
to
redeem
such
portion of the outstanding $5,467,200 (as cf
Aug.'.31, 1948) of 3%' conveVtible debentures due 1962 of the company
(at redemption price of 103% of the principal amount thereof plus

280,709

1366.

p.

domestic

own

New

$16,758,410

»

was

30,552

26,118

credit .net

a

CUM. PREFERRED STOCK. The new preprexerence to any stock ranking junior thereto.

1958,
1,

PURPOSE—The

issue

■

-

.

o.-

be convertible at any time prior to
(unless called i'oix. previous redemption, in which event
right will expire on (he tenth day prior tb the date
for
redemption), at the option of the holders, into common
($20 par)-of the company at the conversion price of $40 per
,' ■'■, J
'':
-

stock

and

Net

oi'ficd

the

conversion

share.

but to date no major purchaser has

-

1;

Oct

new

fixed
:

Sept: 28

lcjicwed.

as

in

share

Oct.

Odt.'T,

by

by, a' lew independent buyers,

mot

1945

shall,

per

to

of

The

r

.

utilizing

stoek

Bank

i.

Rise—

at

redeemed on or sub¬
sequent to Oct. 1, 1958, plus in each case an amount equal to accrued
dividends
tor the date
fixed for redemption.
Transfer Agent, Colorado National Bank of Denver and Guaranty .Trust Co. of New York.
Registrars—American National Bank of Denver and Chase National

of the remainder

any,

by

or

sequent

1949.-'

used during

Back

what portion,

to

as

bondholders,

the 1978 series annually, and will provide that the
satisfy all or any part of its obligations with respect
fund by the surrender of outstanding bonds of such

may

prior to

,

borrow,

may

Jan.

the

of

bo' entitled -to dividends at the rate of 4.40% < per annum, payable
qi\arterly on March 1, June 1, Sept. 1, and Dec. 1. The company
shall have the* right-nt any time or- from time to time to redeem
all or any part of the new preferred stock upon not less than 30 day;'
notice by paying $105.25 per share if redeemed prior to Oot. T, 1953,

•

banks for

of

group

15,

Jan.

$55,000,000.

5-year

a

with a
1950,

arranged

company

part

any

option

bonds of

ferred

,

subsidiaries for the
1948 amounted to 145,850,000 kvvh., ah increase
4.4% -over the corresponding week of last year.
its

and

company

.

1946

taxes—

this

of

the

at

66.00,0 SHARES OP 4.40%

the company posted a 35-cents-a-barrel. increase in the
1""ice of crude oil wherever it was a purchaser. The increase has been*

1947

SecuiHalsej,

supplemental indenture will contain a covenant by the company
and maintain a Sinking fund sufficient to retire $100,000

series

Adams, President, on Oct. 13 stated that this company will
its recent hike in posted oil prices.
Mr. Adams reaffirmed
1,000'V,
his company's position on the price of crude, oil; by saying, MWe have
1,000
no
intention of .back-tracking."
;
v. ;-v -.

INCOME'

—

publicly.—

S.

stand

$4,326,187

revenues

exps.

be

On

OF

STATEMENT

'

16,

1948

decision has

K.

1,000 "

J. Rice & Co., Inc.
' '
11
' '
•*

Union

100.9899;

100.55.

to1-suoh-sinking

previously borrowed from banks. The company contem¬
utilizing $15,000,000 of this stand-by credit during 1948, but

.To

Co.,

&

1——1"

and

Create

company

$20,000,000

'

.

will

1,400.

Henderson

.1

Inc.

of

not offer them

'

.

'A./AA'%A'

credit- whereby

needed,

as

may

Straus

Securities

terms of the offering,',
1948, will be taken by

1,

may

or

The

$104.25

20,

stand-by

a
.

C.

First

Inc.,
Corp.,

at sinking fund redemption prices.

fund

,

! Phillips Petroleum Co.—Arranges Bank Loan—

5,000

Woodard-Elwood

Co.,

Boston

of the company in Denver, Colo;
Redeemable
as
a
whole
time, or from time to time in part, upon not less than 30 days'
notice at, regular redemption prices, and also through sinking

prior

each

into, capital;

f'

"

;

6,000

& Blosser—______

Inc., who may

output

Oct.

p.

1,900

S. Ashmun Co...

&

First

any,

1;

Dec.

on

;

kwh.,

Co.—'I——

&

(CST)

p.m.

Dec.

1587.

Piper, Jaffray & Hopwood
D.:in

& Co.

electric

week

6,000

M.

convertible

through

for. under, the

subscriber}

1587.

p.

company

Inc.

debentures, for

$100

be

to

i

Harris Ha l & Co. (Inc.)J.

not

3:00

at

of. 6,135,000

Raffensperger, Hughes
Co.

of

ratio
are

share

per

Philadelphia Electric Co.—Weekly Output—

1,900

&

the

in

debentures

at $100

debentures

—V.

1,900
1,900

Potter

stock

The

company

expires

which

2,300

Ilollv, Dayton & Gernon_
Mullaney, Wells & Co.___

Burns,

Sons. Inc.

&

Ripley

agency
at

.

to.'

2,300

7,500

7.500

Rolling

capital

bonds,

co,upon

f

of;. the

The
.

2,300
2,300

Co.

&

$16,-

»'

,

.

—

Wood

E.

of

stock

>

Cummins,

•

Harold

Jackson 1

Webber,

Curti;

H.

&

Inc.

7,500

capital

;

2,300

'

are

held.

the

Halse.V, Stuart

No-ofShares

—

its

its

at: $110.

Any

and the ;

-—-

of

shares

of

due
Dec.
1,
1963.
Halsey,
$l,000<.for the underwriting privilege.
offered by the company to holders of record

bid

of

v..

Co

&

Wlieelock

7,500

_

E.

Stix

a

Harriman
101.03;.The

13

$10,000,000 1ST MTGE., BONDS, 3!4 '/e SERIES DUE 1978. The bond„
of. the 1938: series will be dated Oct. 1, 1948, will mature on Oct. 1,
1978.
Interest payable semi-annually on April
1 and Oct. 1, at th«
office or. agency of
the company in Now York, or, in the case o;

the privilege of underwriting

awarded

was

1963,

serves

Co.—
Chris-

1 onsen," Inc.

7,500

Co.,

11

&
&

101.219939;

ities Corp.-(jointly),

Stuart & Co. Inc., 100.60999; Glore, Forgan & Co..

1953, therealter and through Dec. 1,. 1958, at $105, and thereafter through Dec. 1,

'

"

;

15,990'

W.

Brothers,

thq

stock

underwriters have

several

Inc.

Co;

debentures

Oct.'22,
lour

^

several underwriters

11,000

C. A 1-,.n

going

throughout

;

by the company to holders
3,%' convertible debentures,

in
&

The
1

and is
spring

Company

offering

an

400,000
Stuart

agricultural,

.-A';-".. A-: v--A. ■% A Ai A;A:
A;%-;,

Shares

Inc.

the-work

shops

in

•

Halsey, Stuart; & Co.. Inc.

dis¬

the

area.

Kklman & Co.,
Robert

in

farming

Glore, Forgan & Co.—
Inc

month

a

(1697)

•

retail

79,090

poultry.

follows:

as

no.of.

A.

of

extent

predominantly

fertile

a

names of. the
respective number of' such shares- which

agreed to purchase

with

$19,347,678

of

cars

Peoples Gas Light & Coke Co.—Underwriting Privilege

;

.

This territory also obtains considerable economic

Red

a-cost

j

4

gas.
company

-UNDERWRITERS—The;

■,

premises

to 'a

engaged

few industrial consumers of any importance,
the raising of small grains'and ' hay with

a

devoted

service

in

meters

Company

of

at

at, the rate of 450
168, p. I486.

CHRONICLE

.

from the sale of electric energy, 98.7',®
company,
On Dec. 3l, 1947, it served
4H- communities at retail and 19 additional communities at wholesale

tribution

forward

97.3%

of. its gross operating revenues
of. which was generated by the

customers..

modernized

being

now

FINANCIAL

&

railroad.—V.

eastern

approximately

COMMERCIAL

to

be

the convertible

after

reserved

number

the conversion

for

of

the

ncyr

increased by tht>
of their conversion
called for redemption.

shares

of

may

be

debentures,

the convertible
debentures

are

The stockholders on Oct. 19 approved the creation of the new series
of' the presently authorized cumulative preferred stock, such series t>

,

168,

consist

,

of

75,006 shares,

A'.y-! .'.

$100.-

par

.

•

The

corporation

Detroit,

Toledo.

"881.104.
The

&

it

Pennsylvania

tortile

RR.

negotiating

was

the

for

RR,

■

ihg

shares—all but

245,319

six

outstanding

of. the

common;

each

of. all .traffic

96%-

and

Period End, Sept. 3—

Net

of.

NOTES—On

Plough, Inc.—Earnings—

of
$25.-

sale

is subject to approval by the ICC.
over the road is made up of freight entej'the city of Detroit,
At the end of 1947 the line
owned nearly 3,700 freight cars and 50 locomotives, but had only- three
passenger' cars.
'A
A
A .-. •••
The 337-mile main line extends from Detroit .in a southerly di.recl ion ;
to
Ironton; Ohio, where it makes connections at many points with
such major railroads as the New York Central, Baltimore & Ohio, ;
Pere Marquette, Norfolk & Western, Chesapeake & Ohio, Erie, Nickel
Plate, Wabash and the Pennsylvania.—V. 167, p. 1587.
About

'

Iron ton

Oct., 13

*

sole

shares—at $105
-

announced

'

shs.

Earnings
—V.

per

'

$91,000
v

$398,750

450.000

450.000

$0.20

450.000/

outstdg.---,,
share__l!__

168, p. 650.

leaving

6125,830

$0.89

$0.28

Pennsylvania Co.—Seeks to Purchase Certificates— A'
Oirard

(ESTt

Oct.

Trust

29,

Co..

trustee.

receive

1943,

Philadelphia,

tenders

for

the

sale

Period

Ended June 30, 1948—

operating

sufficient

amount

an

not

exceed

to

and

100

exhaust

to

interest.—V.

the

sum

of

as

series E,

due

$.100,000,

at

1638.

166,-p.

Pennsylvania Power & Light Co.

Maintenance

"

'

'

public Oct. 21

at $100 per

share)

:

"

The

and dividend.

proceeds

.

installed
during

will: be

part

as

used

the

of

for

,new

1948-1951.—V." 168, if.

equipment
extensive

and

1587,

'

this

.

hundred,

>.

for

for

announced
ernized

new

heavy

are

rolling

2,000,

month

immediate

and

augmented

and

car

locomotive

out

of

;

the

in

$216,000,000

equipment,

^program
will

for

new and mod¬
aid materially in meeting

shippers' needs for additional cars and will make available
capacity cars of latest design.
They pointed out that
half

of" the

ment-'will

money
go

$123,000,000.
Work

on

hopper*

more

large

more

than

to

.into

bo spent in improving the Pennsylvania's equip-"
freight cars and freight locomotives—a total of
"'
.
.
V.
...

..

the

new

gonodolas follows

completion

of

each

,

.

large covered
bulk commodities

300

of 70 tons capacity, 'to transport
kept dry.
Together with. 2,100 new box cars already
in service, they make
up the Pennsylvania's current program of 4,400
new
freight cars, costing $22,426,600.
Plans are being laid to build
2,000, more freight cars next
year, and it is anticipated that the

Which

cars,

must

railroad

yfear.
In

•'

build

or

modernize

9

:

addition

from

to

the

new

cars,




8,100

5,000

:

to
; '

10,000

freight

A"''"

freight!-cars-of

many

1.035.008

1.938,123

657,201

.

1,630,989

.$4,506,171

2,100

Dr 13,302

:

$2,284,136

revenue

(net)

charges

168,

"Neil
been

______

$4,492,869

—

—U-

—

(net)___--__v

941,052

A' '
.types

•

are

Fuel

&

Co., a consolidated subsidiary, had out1948, $700,000 first mortgage bonds, 2VaV»,

31,

Aug.

Cheyenne'Light, Fuel & Power Co., also

a

consoli¬

dated subsidiary,, had outstanding as of Aug. 31, 1948, $1,350,000 first
mnvt-ffco-o
hmids
"? % %
Cnlovarid-Wvominif Gas Co
mortgage bonds, 314% cpvies due 1978.
series dup.' 1978
Colorado-Wyoming'Gas Co.,
also a consolidated subsidiary, had outstanding as of Aug. 31,
194L,
$1,170,000 promissory notes due semi-annually to 1967.

$2,958;589

H.

McEiroy, formerly Vice-President and General Manager, has
President,

Chairman
G.

cf

succeeding Richard R. Depupree,

the

who has

charge

of

manufacture;

Howard

J.

Public. Service

Co.

of

stock

was

and

V/.

C.

Oct.

Langley & Co:

the bonds

19

on

a

bid

of

$100.07

-

••

•

-

a-share.

•

;

,

(jointly),

extent

as

SVaS^were:

on- a

bid

of

101.5379.

Other- bids• received

101.4199; Lehman

in

only,

service,

bus

transportation

gas

company's operations are wholly

.Tne
gas

,

A A

.

from

A

A ,A

■

customers

'-

and

the.

„

,.

r '

V;
.

BONDS—The

NEW

bonds

approximately

derives

company

revenues

rounding' area,

-

in

77%

Denver

' :%:>

of its total electric and
and the immediate sur¬

'

PURCHASERS

names

principal

of

amounts

purchasers of the ne*;r
bonds to be severally pur¬

the. several

of

new

chased

hyphen), respectively, are as follows:

Harris,

Hall

&

Co.

$1,000,000

(Inc.)
Drexel &

_

steam heating
service.

rendering

purchase,
purchase,

It is also engaged, but to a minor,

within the State of Colorado,
the principal center for distribution and sale of electricity and gas
being the city of Denver and the immediate vicinity.
The

Co:_^.:___1,000,000

Equitable Securities
(Corp.'
Hemphill

Kidder, Peabody & Co.,

distribution, and' sale of

and sale of 'liotitral gas.

service-and manufactured
.

principally in the generation,
electricity and in the

is-engaged

company

transmission,

distribution

Other

100,531.

qualifying shares) of
and The Pueblo Gas' and Fuel
three other

than directors'

(other

The "company

The
*

-

all naming a 4.50%
dividend were: Eastman, Dillon &
Harris, Hall & Co. (Ine.-)r 100.80; Glore, Forgan & Co.

-The bonds -were-awarded
for

A

A,..
awarded

all the outstanding capital, stock of ColoradoThe Green and Clear Lakes Co.; and all the

also controls, through stock ownership,
subsidiaries which are'of relatively small size.

Colorado—Securities Offered—

interest.
received

and

company

Colorado

Light, Fuel and Power Co,

Cheyenne
Co.

Securities aggregating $16,iSQ0.,QQ0 were publicly offered *
this week.
On Oct. 20 Blyth & Co., Inc., Smith, Barney& Co. and associates-offered 66,000 shares of 4.40% cu¬
mulative preferred, stock (convertible prior to Oct. 1,
1958) at $102.25 per share and dividend.
On same date
Harris, Hall & Go. (Inc.) and associates offered $10,000,- '
000 first mortgage bonds, 3Vs% series due 1978, at 102.06
The

Co.

Gas

a

The

.The'- company owns

Morgens,. formerly

.

•

.

and

was

of

merger

outstanding capital'stock

Pleasants,'Director of'Manufacture, has been elected Vicein

by

.1923)

Wyoming

been

board.

of Advertising, as Vice-President in charge of advertising;
aiid Wqlter' L. Lingle; Jr., who has' been
Manager of the Overseas
Division, as Vice-President in charge of overseas operations.' * ' " "
Reuben B.. Robertson,^ Jr.^ has. bpen elected a director,, succeeding
George Dent Crabbs, deceased. Mr.; Robertson is Executive Vice-Presi¬
dent of The Champion Paper & Fibre Co, of Hamilton, Ohio.—V. 168,
p, 943.
/
.." -■
'.
v ;
♦ A '■ >. , - ' •

,

organized in Colorado Sept. 3, 1924, as
of the same name (incorporated
Power Co. (incorporated April 2,
1313).*- Company, organized Oct. 3, 1923, was the successor by merger
of a company Of the same name (incorporated Aug. 2, 1923), Denvex*
Gas & Electric Light Co.
(incorporated Nov. 29, 1909) and Western
Light &
Power Co.
(incorporated April' 3,
1906).
Denver Gas its
Electric Light Co. succeeded by mergers and consolidations to several
cQipcrations. the oidest- of which was formed in 1869 and commences!
operations in the city of Denver shortly thereafter.
BUSINESS—Company

successor

748.

Co.,. 101.019;
'

Gas

of

1973;

due

Oct.; 3,

1,534,280

$1,343,084

.

.

p.

elected

elected

bids,

a'

cars

3

3,130,666

$2,282,036

'as

standing
series

1,193,269

;

-

Pueblo

-

Procter & Gamble Co.—Changes in Personnel—

and

be

will

2,148,742

Manager

4

The

16,202,340

1,115,906

.•

income

John

duty gondola

service

12 Months

$29,119,312

.

taxes___

income; g___

President

freight cars, the first of an
company's Altoona, Pa., works
transporting. steer products and'
large shipments of many kinds, it was announced on Oct. 15.
The
cars
in this order will go into service' at the rate of 250 monthly. •
'" Railroad officials said that these Cars, part of the road's recently
order

,

tr.xesi-'.

depreciation

income

Net

,

program
*

income

for- income

Interest

facilities; to be

construction

Pennsylvania RR.—New Freight Cars in Service—
.One

-

<

.

company's

Other

—V.

share and accrued divi¬

Co.,-$100,000; American National Bank of Denver, $100,000; and
Rank & Trust Co.; $100,000,:;for, the purpose of reimbursing
company's treasury to the extent of the amount of such loans for
expenditures for construction since June 30,
1948.
The loans are
evidenced by the company's 60-day 2% notes.
'■%

'

Shares1

dends 63,000 shares of 4.60% preferred stock at par ($100'
per

;—

Net, operating

Gross
-

Trust

-Earnings-

>

Offered—A group of investment banking firms headed
by Drexel & Co. and The First Boston Corp. offered to
the

,

$15,155,585
8,434,444

;

other than

Taxes,

prices

•

Preferred

—

1952,

$0.66 1

v

6 Months

.

revenue_L_.____

Oi)erat.ing expenses

Provision, for

11 a.m. •
of Nov.. 1, '

.

Central

.Pfttontiac Electric Power Co. (& Sub.)
Total

until

it

to

1948, of 40-year guaranteed gold trust certificates,
to

will

Pa..,

of

the

Provision

The

v

■

'

"

-

the company-borrowed an aggregate
following
Denver
banks
in
the respective
Denver
National
Bank,
$300,000;
United States

1948,

24,
the

$1,500,000 from
amounts
indicated:
$295,000 V National Bank of Denver, $300,000; First National Bank of Denver,
450,000
$300,000;
Colorado National Bank of Denver, $300,00;
International

1948—9 Mos.—1947

'■948—3 Mo-u—1947

i

earnings;: (est.)_^__

Capita)

t

Sept.

Merrill

Noyes

Lynch,

-

Co.
Pierce,
&

Fenner & Beane._—1_

1,000,000
1,000,000
1,000,000

.

Phelps, Fenn & Co
R. W. Pressprich & Co.
William Blair & Co.

1,000,004
1,000,004
750,00>

Alex. Brown & Sons—_
First of Michigan Corp.
The Milwaukee Co.____
Whiting. Weeks &
Stubbs

750,004
500,004

_____

500,00>
500,004

14

(1698)

NEW

THE

PREFERRED

STOCK—The

the

of

names

several

the new preferred stock and the nnumber of shares
purchased by them, respectively, are as follows:

purchasers of

to

be

Smith,

Inc

Barney

&

No. of Shs.

8,000

—

Co._,___
Co.,

Union

Corp.,

8,000

speaker in
There
nected
a

Riter

3,000

•

Co._

&

Eiworthy & Co

Public Service Co. of New Hampshire—Bonds Offered

issue

submitted,
&

all

and interest.

awarded

was

for

3'As,

Oct.

18

an

The

The

were:

Burr, Inc.
(jointly), 101.389;
Co., Inc. (jointly), 100.5526.

&

Dated

bid

a

of

First

101.83999.

Boston

Kidder,

Corp.

Peabody

Coffin

and

Co.

&

bids

Blyth

and

basic
the

Oct.

of

redeemable

are

whole

a

the

at

option of company
with the trustee, at

deposited

moneys
as

at

in

or

part

prices,

the

application

time

any

than

less

not

upon

general. redemption

by

or

30

prior

days'

injtial

of

to

certain

maturity,

published

general

notice

in each

PURPOSE—Company is engaged in an extensive construction pro-,
which has required, and will require over the next few years,
substantial expenditures.
Short-term bank borrowings, made for interim financing of such program,
aggregated $4,100,000 at Sept. 30,
gram

.

1948.

by

The

the

to

net

proceeds
from

company

be $7,078,799

000.

Of.

trustee

such

(excluding

the

the

the

of

after allowance

proceeds,

under

sale

for

$3,400,000

indenture

accrued
series

be

will

to

bonds

D

deposited

estimated

about

at

$50,-

with

initially

withdrawn

be

received

be

are

estimated

expenses

will

and

interest)

from

the

time

time

pursuant
to
the
provisions thereof upon certification
to
ti-ustee of additional property $3,600,000 of such proceeds will

mediately be
bank

with
be

to

reduce

and the
It is anticipated

the

trustee

applied

the

applied

borrowings

purposes.

will be

reduce

to

purchase

company's

and

the

company's

balance
that

will

be

outstanding

used

the $3,400,000

withdrawn

short-term

construction

bank

of

and will similarly
or will be used for

EFFECT

facilities

and

TO

PRESENT

Authorized

due

1973

f

1st mtge.

bds.,

ser.

B 2%%

due

1st mtge.

ser.

C 3'A%

due

1978

mtge. bds., ser. D 3'A%

due

1978—1_

evidencing bank loans
*
stock, cumulative, ($100- par)i_—

3.35%

dividend
stock

"Estimated
series

D

of

under

the

bonds

7,000,000

par)

Operating
Total

Part

to

application

of

the

proceeds

available

to

the

the

from

These

sale

in

company,

the

of

of

the

the

amount

1

'

MONTHS

7

'

<

,

revenues;

operating

Net

ENDED

expenses

JULY
1948

,

1947

the

6,049,313

1,370,331

—

BUSINESS—Company was incorporated in New Hampshire Aug. 16,
Principal activities are centered in the State of New Hamp¬
In

carrying

proximately 91%
eration
to

of

total

and

domestic,

customers

Keene,

electric

in

Laconia,

business,
the

revenues,

energy

117.500

municipal

Dover,

of

electric

about

its

on

its

company

transmission,

commercial,

the

which

cities

Rochester,

of

and

sale

agricultural

and

Manchester,
and

ap¬

the gen¬

in

engages

distribution

industrial,

Franklin

for

accounts

Nashua,

installations
been

Tone"

and

in

1.55 towns,

all in New Hampshire, and having an aggregate population
1940 census of about 360,000.
Company also distributes
aind sells electricity to
approximately 450 customers in six towns in
Vermont having a total population of about
1,850, to approximately
based

160

the

on

customers

about

2,350

Quebec,
In

three

in

and

to

motor

coach

between

its

to

towns

in

Maine

approximately
■
'

Canada.;

addition

electric

and

20

having

total

a

customers

in

population

of

Province

service

Goffstown,

the

53.8

over

N.

also

furnishes

route-miles

in

and

Public

Service

covering
the

Electric

Oct.

on

$50,000,000

18

of

shall

invitation
be

not

for

less

Gas

1587.

p.

Co.—Registers Debs.—

registration statement

a

with

the SEC

bonds, due 1963.
The names of
through competitive bidding.
specify that the price to the company

100%

nor

more

than

102.75%

the

of

able

the

applied

proceeds of the sale of the debentures, $30,000,000 will
to the retirement of an equal principal amount of bank
10, 1950. and the balance will be utilized in connection

PEG's

The

construction

and

improvement

land

bank

cost

Public

Utility

Commissioners

of

the

State

of

to

New

the

Board

of

for

requests that
the Commission's order granting the
become effective not later than Nov. 4.
The stockholders on Nov. 5 will consider
authorizing the issuance of
due

1963.—V.

Communications, Inc.

—

Service—
Opening

United States
The

a

radiophoto

new

168, p.

1588.

Opens New Radiophoto

circuit

between

Portugal

and

the

announced

was

on Oct. 20 by
Harry C. Ingles, President.
New
York
and
Lisbon,
will
handle
the
by radio of all types of pictorial matter such as newsdrawings and legal documents.—V. 168, p. 1588.

new

circuit,

Radio Corp. of America—Purchase
by Australia—
Purchase
Australian

of

RCA

an

Government

microwave

has

been

The

system
by
the
by Meade Brunei, a' ViceDirector of the RCA Inter¬

announced

this corporation .and
Managing
Division.

tfill

equipment,

be

consisting of

two

terminal

and

three

five

installed

relay stations,

by the Australian Post Office Department to carry
communications.
Tentative
plans call for the circuit to
employed between Sydney and Goulburn as a
supplement to existing

wire

line

The

facilities.

Installation

■

will

The

sale

following

,

made

was

the. first

represent

relay circuits.

wave

but

rooms

In

believed

installation

being made

negotiations

through
with

the

to

of

A.

in

use

Australia

foregoing,

Since

company
at

$7

The sales

is

offering

per

of

Skelton

use

business
in

hotels

the

of

term

of

Dec.

500

15,

shares

1947,

($100

stock.

the

All

of

35

share.

This
and

and

1948,

the

(par 50c)

tofore issued
shares

the

of

authorized
version

the

had

shares

stock

stock.

stock,

($10

sales

in

the

Of

10,000

State

The

of

the

or

before
Prior

April

to

been
78

were

to

have

John

trols

$3.50

the holders of 422

their

stock

and

options
it

and

is

officers,

to

Ohio
to

of

the

of

shares

for

of

and

The

of

stock

ferred

The
for

With

its

business

stock

and

elevator

there

and

common

stock

of

not

Waseca

St.

3,073,000

daily;

and

of

stock

common

to

meet

will

payrolls

be .received

and

operating

finance

to

the

earnings

from

the

by
of

of

company,

to

radio

and

and

will

be

Period End. Aug. 31—

used

inventories

carry

and

arrangement

10,000 shares

the

systems
replenish work¬

oper.

1948—Month—1947

1948—8 Mos.—1947

$100,678

$880,658

106,462

121,321

819,807

947,205

$6,040

"$20,643

$60,851

*$199,499

revenues-—

Ordinary income

$747,706

non¬

—

communication

8,326

41,044

366,905

565,338

$14,366
3,459

$20,401

$427,756

$365,839

3,110

30,892

28,579

$10,907

$17,291

$396,864

$337,260

2,658

1,102

2,691

49

Deducts.

fr.

ord.

income.

ord.

Extraord.

income

Extraord. income

Net

inc.—

(Cr)_

(chgs.)

income

$10,907

net

$19,949

$397,917

$339,9^1

4,000

——

from

10,660

163,000

149,780

inc.-

Net income transfd.

"Deficit.—V.

168,

$234,917

$9,289

>

$190,141

have
the

168,

of

all

the

4,

of

$5)

(par

Buchman,
The

$7.50

Syracuse,

net

further

at

proceeds

development

related

N.

Y.,

from
of

and

Roy

offered

share.

per

are

the

equipment.

these

line

of

and

Co.

common

Grabau-

agents.

securities

air

of

OF

profit

from

sales

are

for

conditioning

the

units,

EARNINGS

a

that

an

earnings.
largest producers of water
adopt Robertshaw-Fulton

permission

for

which

to

withdraw

proposed

shares

its

public

the

cumulative

of

pre¬

bids

the

on

issue

when

offered

$5,000,000

Pri¬

Minneapolis,
of

in

milling company's
operation.
It
Minneapolis, Buffalo

milling

Duluth,

12,800.000

of

with

the

and

grain

bushels;

leases

1,000,000-bushel

a

which

have

total

a

distribution

owns

capacity
of flour

cwts.

of
Occident

its

of

fourth

a

capacity,

storage

tons.

1.050
Flour

and

mixes,

packaged

Division

under

the

in

with

Montana,

160,

the

Occident

of Russell-Miller

elevators

149

total

a

label.

conducts

hard

wheat

storage

a
country
section of

capacity

of

1743.

p.

all

Missouri
7,

3,400

-

Chairman,
at

1948.

Oct.

,

announced

18

milling

out,

were

that "operations

and

smelting

were

Division, which
During the week

who

men

on

mining,

closed

of Sept. 20,
returned to work.

properties of
down by the

1948,

virtually

Production

prevailing prior to the strike."—V. 168,

p.

of

748.

1.60%

from

with

2.75%, according to maturity.

to

(Inc.)

Harris, Hall & Co.

are:

Blair &

Co., Inc.; Equitable Securities Corp.; Phelps, Fenn & Co.;
Schoellkopf, Hutton & Pomeroy, Inc.; Coffin & Burr,

Inc.; W. E. Hutton & Co. and Reynolds & Co.
certificates

The

Nov.

1,

1948,

and

mature

will

$284,000

1949-1963.

1,

received

bids

Other

dated

are

semi-annually Nov.

by

the

company

at

the sale for

1-15-year

tificates were!

Bros.,

for

99.087

99.749

2>/as;

for 2%s;

Harriman Ripley

&

Co.,

Halsey, Stuart & Co. Inc.,

invitation- for alternate bids on the same amount
in l-to-10 years, the road received the fol¬
Stuart & Co. Inc., 99.03991 for 2'As;
Hutzler, 99.034 for 2'As; Harriman Ripley & Co.,

to its

response

maturing

proposals:

Salomon

Co.

Hutzler,

&

for 2%s.

certificates

Inc.,

cer-

,

Bros.

and Lehman

Inc.,

99.8391

Bros.

&

Halsey,

and Lehman Brothers (jointly), $99,451 for 2%s;
(Inc.), 99.5699 for 2%s.—V. 168, p. 1589.

St. Regis Paper Co.—Extra

Harris, Hall &

Dividend of 10 Cents—

an extra dividend
dividend of 15 cents per
stock, both payable Dec. 1 to holders of record
like amount was paid on Sept. 1. last.
The
dividends just declared brings the total
per share, compared with 25 cents paid in 1947.-

directors have

and the

C.

declared

of

10

cents per share

share on the common
Nov. 5.
An extra of

usual quarterly

Russell

Manager
Material

Dec. 31,'47

$103,183

$68,171

48,112

expenses

profit

Other

announced

19

Co.—Borrows

mills

eastern

Crane,

July

yield

June 30,'48

Period—
Gross

at

1589.

in

nationwide

and

Associated

6 Mos. End. 12 Mos. End.

Operating

West

comprising

Withdraw Registration

1947,

elevators

Mo.,

flour

owning

Creates New
STATEMENT

(A/Asia)

Ltd.,
both of

the
way

Mexico,

for

1948

to

80

cents

\-

micro¬

of

MfcKay,

&

selling

as

of

shares

5,620

Eastman

acting
sale

corporation's

New

Texas.

from
same

St. Louis-San Francisco Ry. — Equipment Trusts Of¬
fered—Harris, Hall & Co., Inc., headed an underwriting
group which was awarded in competitive bidding Oct. 20,
a
new
issue of $4,260,000 equipment trust certificates,
series C.
The group's bid of 99.2655 named an interest
rate of 2%% for the certificates.
The bankers reoffered
the certificates, subject to approval of the ICC at prices

The

last

to

67.500

any

p.

field

capacity

a

resumed

the

,

Remington Corp., Cortland, N. Y.—Stock Offered—
September

the

SEC
of

168,

offices

lead is again at the rate

In

The New York Curb
Exchange on Oct.* 15 admitted to dealings the
company's 50-cent class A cumulative and participated stock, par $6.25
per share.—V. 168, p. 1486.
*

in

West

1368.

p.

receive

Elevator

company's

strike

of

company

and

of

decided

Properties—
H.

been

lowing

Reading Tube Corp.—Class A Stock Listed—

The

oil

The

St. Joseph Lead Co.—Operations Resumed at Missouri

1367.

p.

of

the

in

Oct.

on

sales

June

entire

bushels.—V.

Clinton

to

$6,907

Basin

completely

sell

Southeast

one

has

Milling

ready

crust

Salomon

surplus

in

to its

terminal

has

business,

Division

30

___

income-

its

of

a

6,385,000

to
ord.

all

■"•''.'■■'mV:;

America—Earnings—

$112,502

revenues

Operating expenses

to

bushels, and productive capacity of 40,900
it has 10 feed plants with a daily capacity

Dakota

North

of

television

to

;

Radiomarine Corp. of
Operating

sale

expenses,

installations

participation

the

Permian

withdraw

bidding

Joseph,

ten

Occident

The

''■

proceeds

sell

large export business in flour.
It has recently entered
extensively into the manufacture and distribution of cake, roll, cookie,

Charles R. Moss, Vice-President; Louis S. Peirce, Secretary and Director.
Mr. Doerge is a Vice-President of Wm. J. Mericka &
Co., Inc., Cleve:

will

949.

asked

not

the

with

in

operates

elevator

MANAGEMENT—The following are the officers and directors of the
company C. H.
Doerge, President, Treasurer and Director; Louis E.
Philipps, Vice-President and Director; Newton W. Kerr, Vice-President;

it

highest cash bidders.

$100).

operates

pie

at

that

the

to

President,

1947.—V.

principal

covers

and

stock

31, 1951.

entire

1368.

p.

undeveloped lands.
bids for its West Texas

p.

filed

Russell-Miller

for

Any

land.

168,

of

and

has

did

5,

and.

March

below.—V.

expects

standard.—V.

(par

Aug.

options granted in excess of that amount, within the
total of 7,500 shares of common stock, will be
granted at not less than
$7 per share.
Any options granted will be exercisable no later than

share.

per

special meeting,

a

vately—To increase its working capital, the company has
borrowed $5,000,000 from Mutual Life Insurance Co. of
New York, it was announced Oct. 19, 1948. The loan was
in the form of 15-year notes due in 1963:

1948,

stock

world

company

sale

owns

directors

common

at

1588.

p.

land parcels.
publicly opened at Richfield's office in Midland,

statement

does

of

Co.

the

to

invited
168,

competitive

at

company

shares

3,000

168,

announced

in

materially

corporation

also

than

more

15

acres

offering

The

for

;

sought

was

Co.—NeW Contract—

holdings

registration

of

employees have yet

board

add

to

options

1

sale

Manufacturing Co., is
its

directors

common

will

as

on

on

Co.

$3.50

grant

1

Statement—

con¬

reserved

24,

of

■

reached whereby this company will produce con¬
Rheem Manufacturing Co., for its gas-fired water
floor furnaces, and space heaters. Robertshaw-Fulton Con¬
has production facilities available for this increased volume

the

10,000

preferred

of

1,

deben¬

been

in

there¬

are

June

on

1368).

p.

Rochester Telephone Corp.—To

share.

per

in

Oct.

by

controls

50,000

shares

its

Robertshaw,
has

heaters

par.

into

40,000

shares

directors

intention

the

A.

Rheem

par)

at

stock

board

shares

8.440

such

conversion, so that
preferred stock and 18,440

of

the

directors

30 by 134 underwriters headed
Reynolds & Co.
The offering was

Controls

blocks

1.—V.

required

which

consisted
($10

reserved

shares

7,500

authorized

at not less than

1948,

on

No

granted

1949,

24,

shares

total of

a

the

of

been grouped into seven separate tracts, comprise
of undeveloped lands,
concentrated principally in

of

Dec.

on

trols

the

directors and other employees of the company

convert

issued

outstanding.
been

11,

June

elected

had

and

shareholders

action

Sept.

and

168,

Oct.

on

acres

all

agreement

in

stocck

preferred stock;

$2

Robertshaw-Fulton Controls Co.—New Contract—

in

which by the same charter amendment
became convertible into new common stock at any .time to and includ¬
ing Dec. 31, 1949, in the ratio of 20 shares of common stock for each

grant to officers,

the

legally required.—V.

company
has
bids are to be

Texas

and

for

of

common

were

not

drilling

date

Sealed

operations

increased

remaining

shares

V.

(see

approximately 315,000

188-bed

a

cash

converted

and

Inc.

approval for the

h^ve

66,000

later

participation

for

ratified

offered

Co.

company has decided
Texas-New Mexico
area
and

the

radio system

shares

of

was

par)

changed

were

500

18

The

also has
system in a 250-

contract

sold

of

delivery of an indenture, dated
$60,000,000 principal amount of 3%

leases in the state of Texas

prospective

direct

from

capitalization

and
been

total

a

"

were

&

was

which

some

Cleve¬

the

assembly

Secretary

common

500

common

common

preferred

1948,

stock

the

with

outstanding

new

new

of

filed

the

19,

shares

authorized

and

and

to April
preferred

these

Read

corporation

gas

leases,

has occupied, under lease expiring
a small building at 3753 Prospect
offices

against

as

Richfield Oil Corp.—To Sell Texas Oil Leases—

port¬

a

foregoing

a

stock,

and

of

Robertshaw-Fulton

company

installed

Oct.

on

Rheem Manufacturing

heaters,
be

to

payable

1259.

execution

debentures

Dillon,

See

to

payment specified

has

company

common

p.

issuance
thereunder.

Stockholders'

West

company

par)
of

charter amendment
i9,

the

although it

"Guest-

a

from

earnings

minimum

all

Vice-President

of

this

company

and

General

68,119

$55,071

____

income

Department—

Mahaney,

its Paneltype Division, announces the creation of g new
and Control Department for the division designed to expedite
of

783

$52
•

1.

909

to customers.—V.

production and improve service

Scott Paper Co—New

168, p. 1486.

Appointment-

Raymond C. Mateer, Executive Vice-President, on Oct. 18 announced
appointment of James J. Eberl as Director of Chemical Research
of
the
company
His assignment will involve chemical engineering
and research, as applied to all Scott paper and pulp mills and he
will also be available as a staff
consultant. His headquarters will be
the

10,000
These

shares

April

18,

of

of

securities

these securities has

COMPANY—-Organized
the

All

in

168,

the

over-subscribed

hospital

receipts

radio

4%

stockholders

The

by

to

expects

finance

its
The

cents

25

of

stock,

,

located.

are

and

1947.—V

for

tures

"Hotelevision"

a

"Pillow-Tone"

a

fixed

the

1, 1950, the basement floor of
Avenue, Cleveland, Ohio, where its

Net

share

to

assigned

or

hospital in

COMPARATIVE
Wireless

Radio Systems, Inc., Cleveland, Ohio—Stock
Offered—

tion.

Hotel

borrow

these loans.

the

and

installation

sufficient

has

for

and

"Guest-Tone"

a

on

initial

"Pillow-Tone" system

a

administration

kVt

Amalgamated

T.

1948,

Virginia and a contract for
the sale and installation, for cash, of a combined intercommunication
and radio system in a high school in the Cleveland area.

—

the
Engineering Division of the Australian Post Office Department.
The.equipment will be manufactured by the RCA Victor
Co., Ltd., of
168, p. 1588.

per

be

to

maximum

no

units

arranged to

and

security for

as

contract

dividend

common

its

193-bed

a

Cleveland

an

has

company

There is

addition

veterans'

cash,
in

authorizing

completion; and
hospital in Cleveland

62-bed

room

with

in

the

on

(R. J.) Reynolds Tobacco Co.—Debentures Approved—-

of these contracts.

any

in

cash

The

Hearing

are

a

in the

900

installation of

are

sale, for cash,

and

v

Canada.—V.

The

has

company

Minneapolis, Minn., and
hospital in Canton, Ohio.

arrangement.

stock

commercial
be

in

Hotel

bank

share

on

share

completed.

loan,

extra

an

slock, in addition to the usual quarterly

communications

President of

national

been

Cleveland

a

the

declared

19

in
per

to holders of record Nov 22
Extras of 25 cents each werts
July 2 and Oct 2, last, and an extra
of
50 cents on
2, 1948
r
.
■ .
'
Payments in 1948 on tho common stock will amount to $225 per

are

linking

transmission

photos,

in

has

from

systems

in

300-bed

a

earned

of

Ohio,

loan

a

radio

installation

The

systems

installations

Deducts,

RCA

by

containing

amount

an

the

hotel

room

the

140

contracts lor the

Net

applicant

application

$50,000,,000 principal amount of debentures

which

Oct.

cents

21

paid

in¬

its

Jersey

approval.
The

Cleveland,

Akron, Ohio,
hospital and a

The

system

these

of

of

use

Gross

program.

proposed issuance and sale have been submitted

sets

system,

radio

securcity for
under an earnings

loans due Sept.
with

receiving

as

in

50-bed

a

units.

room

Net

From

system)

25

April

resembles

principal

amount.
be

in

financed

ing capital.

determined

bids will

than

&

filed

Inc.—V. 168,

debenture

underwriters will be

The

in

system wired to

under

The company

television

"Guest-Tone"

a

"Pillow-Tone'

shortly

materials,

H.

UNDERWRITER—Halsey, Stuart & Co.

radio

of

011

and 4%

cash

dividend

Dec

of

means

of

the

company

by

which

units.

of

■

hospital

PURPOSE—The

business,

transportation

Manchester

several

system

started.

radio

Berlin,

Somersworth

cash

several radio receiving
specically designed, underbed, giving the patient a

individual,
type at each

assigned,

the

of

200-bed

a

have

4,989,491

$1,647,475

1,179,816

2'——1

1926.

shire.

of

use

Installations
and

$6,628,630

$1,583,699

___,4—___„

thereof

machine

"Pillow-Tone"

(called

hotel

was

to

>■;

programs.

receipts
participation arrange¬
ment with the hotel which is not limited in time but
provides that the
maximum amount receivable by the company shall be $10,000.
from

options which

31

$7,609,535

^

income

income

cost

company

had

Gross

.

250-room

a

the

share
STATEMENT

kept

an

room

installation

the

of

which

By

838,434 shs.

record

stockholders

per share in

City

containing

individual

first

April

102,000 shs.

2,500,000 shs.

immediately

-

•

The

shares

AAA'.

__________

Republic Steel Corp.—Extra and Stock Dividends—
The

a

partially exclusive franchise from Hotelevito sell and install television systems

a

York

CAPITALIZATION—Prior

$3,600,000.
INCOME

also has
New

unit

common

"2,100,000

to

name

connected

of

160,000 shs.

Oct. 31, 1948.
Immediately after the issue
$500,000 of such notes will be outstanding.

reflect

D

J

$5,550,000

at

as

bonds,

amounts

series

series

($10

) $20,770,000
[
4,478,000
(
3.000,000

in
expressed
amount

|

Notes

Common

the

Outstanding

Unlimited

1977—J

bds.,

Pfd.

in

used

FINANCING

several

cabinet containing

to

Sept.
GIVING

mtge. bds., ser. A 3'A%

1st

initially

1949,

borrowings

property

corporate

to be deposited

by Jan. 31,

im¬

short-term

other

for

to

the

business.

CAPITALIZATION

1st

of

Inc.,

commence

case.

of

"Hotelevision" in Ohio,
Michigan, Illinois, Indiana,
Wisconsin, Western New York, Western Pennsylvania and West Vir¬
ginia.
The
basic' "Hotelevision"
system
also
consists
of
a
master

redemption

price being 105.38 and are also redeemable upon like notice through
operation of
the
sinking fund, at sinking fund redemption prices
the initial
sinking fund redemption price being 102.42 plus interest

tape

a

system

receiving

connected

are

company

sion,

Olmsted,

agency

choice

a

receiving

speaker of the disc
choice of several programs. No central control end
accounting machine
emergency announcement feature is provided in the "Pillow-Tone"
radio system.

in Chicago,
111.
Denomination of $1,000, registerable as to principal
only, and in fully registered form in denomination of $1,000 and
multiples thereof. Coupon and registered bonds interchangeable. Bonds

at

hospital

master

receiving

1

and

pillow

1, 1948; due Oct. 1, 1978. Interest payable April 1 and
principal office of trustee in Boston, Mass. at office or
company
in New York City and at agency of company

Oct.

disconnected

which

The

Other

guest

the

consists

radio

connected

are

Monday, October 25, 1948

or

.

on

giving

several

These

designed control and accounting
adding machine in appearance.

cludes

—Halsey, Stuart & Co. Inc. (sole underwriter) on Oct. 20
offered $7,000,000 first mortgage
bonds, Series D 3V4%

system)

radio

containing

station.

specially

1,000

—

and

"Guest-Tone"

cabinet

separate speaker in each
room
unit for
emergency
The radio speakers in the
various rooms are con¬

announcements.

8,000

CHRONICLE

different

a

room,

a

6,000

1486.

1978 at 102%

also

8,000

8,000

The

is

FINANCIAL

(called

receiving
to

each

Dean Witter & Co

sets

due

radio

tuned

White, Weld & Co

Webster Securities

p.

each

Laurence M. Marks & Co.—

Corp.

168,

master

a

8,000

-—-—

Stone &

—V.

of

8,000

Harriman Ripley &
Inc.

Securities

The basic hotel system

...

sets

No. of Shs.

Blyth & Co.,

severally

COMMERCIAL'. &

not

1947.

common

are

been
It

is

as

engaged

designing, assembling and installing
and hospitals.




stock

offered

(par
a

50c)

specula¬

underwritten.

radio

primarily
systems

Total income
Income

$55,854
taxes

$962

2,631

deductions

Prov. for Federal and New York State inc.

537

11,000

—

in

for

in Chester,

Net

—V.

profit

168, p. 949.

;

•

$42,223

$424

Pa.—V, 168, p. 1149.

'J- (Continued

on page

50)

.

„

Volume

THE

Number 4745

168

COMMERCIAL

&

FINANCIAL

CHRONICLE

(1699)

Stock Record ®> New York Stock

Exchange

Mill RANGE OF PUCES

WEEKLY VOLUME OF TMODHi

TOUT RANGE OF SUE PUCES

FOR EVERT LISTED ISSUE

STOCKS

Ranee for Previous
Year 1947

t per there

Lowest

Highest
t per share

66 % May
90

87 Vz

110

Jim

5%
43 %

1034

Dec

60

Apr

18%

13Va May
38

6

25 %

14

3 Vz Sep

10

6% Jan

45% Feb

11

55% Jun

14% Feb

11

23% May 15

Adams

46% Jan

Adams-Mills

Oct

Dec

42

Apr

6

Oct

28% Feb

13

10 Vz

May

100

78% Oct

Feb

7 % Feb

10

21% Sep

28

38%
112

Nov

100

Feb
Feb

101

2

May 14
9

1
27

41% July 27
18

Oct

14

27% May 15

Mar 11

108

16%

Dec

31 Va

Jan

14% Feb

26

May 18
434 May 20
21% May 21

75

Dec

102%

Aug

70

Oct

19

80% Jun

334

Dec

6i/4

2% May

5%

25 % May

44

,.

Feb

3 Va Sep

28

2% Mar 15

Feb

37

Feb

Feb

2

4% May 15

10

58

Oct

22

■

56

Jan

76%

Nov

27 %

Dec

48'/a

Feb

69

Oct

24% Feb

103% Sep
104

9034. Nov

10%

12%

Dec

164

May

18
29

May
V*. May

202

22%

90

Apr

X171

198

3

Oct

28

Mar

301/4 Mar

25

Feb

Dec

81

Mar 24

30

V* May

IO51/2 July
42% Oct

Jun 1

91

25% Mar

81/4

4% Oct

Feb

8

Jun

51

Apr

45

Sep

9

50

Mar

107

Dec

83% Feb

20

121

50%

Dec

40'/a Oct

20

11%

Apr

6% Oct

16

47% Sep

28

Dec

5034
20 %

6534

Jan

2

May 21

52% Jun

9

May

9

29% July 13

58% Feb

9

70

Dec

V 77%

Jan

17%

Feb

9% Mar 17

14% May 14

50

Feb

X35% Mar 19

435/8 May 15

103% Oct

1

■111
9

6% Sep

21

Feb

3% Feb

11

Mar

76% Feb

6

166

Dec

196%

Sep

163% Oct

18

36

May

54%

Feb

3534 Oct

5

94

115%

Vz May
Vz

18%

Dec
Dec

18% Mar

% July 28

634 Jun

24

49% Jun

3

100% Jan

5

27

Feb

104% Jan

28

110

56
1

Aug

41% Sep
15% Sep

28

51

Feb

28

21

May 21

'"Aug

23

May 18
20% Jun 15

Dec

Feb

Feb

13

22% Jun

Mar

86% Oct

14

94

48% July
1181/4 Oct

25% May

24

102

-

*

38% Dec
101%

Feb

3

9234 May 14
177
Jun 14

26%

Oct

Sep

88

89% July 19

Jun

110

1053a July
19

Jan

28%

May '

May 19

33% Feb

10

42% Oct

22

10734 Jun

3

46

334 May

634

16

94% Feb
Feb

26

5

Feb

11

25

Jan

Jan

2

3
16

Jun

49% May 21
734 May 20

Industries

Kid

&

4%

Co

Allis-Chalmers

3%%

Mfg

Amalgamated
6%
Amer

Agricultural

6%

3%

3%

3%

52%

52%

American

American

5%

American

American

Co

Corp

American

41

41

"61

'

1434 Jun

24

25%

V;

*12%

7%

7%

..

7%

*165

166

163 %

No

par-\

2334

*5

23%

3834

12

$6

1634

*534
*1734
15%

American Hawaiian SS
&

534

6%

_10

37%
103

36%

100

6 34

4%

41/4

4V4

80'/a

79%

80%

165%

1661/2

165%

36%

4,100

4%

79%

9,700

3,900

;

670

166

38

3834

3834

38%

90

90

90

90

23%

23%

-

1071/2

*107

451/2

i 45

*16%

17%

18%

19

*87

8734

38%

38 »/2

*102

103

*3534

37%

2334

.

>

23%

2,000

,

200

3,500

241/4

107

107

40

46

44

45

1,700

17%

17%

17%

1071/2

1934

19'%

*87

87%
39 «/a

19%

500

/

600

87%

13,166

39%

103%

3634

105%

800

35%

104

42%
37%

2,300

5%

5%

11 Va

1734

1734

18

18

18%

18%

18%

18%

19

1,100

1534

15%

1534

1534

15%

15%

15%

1534

1534,

2,700

2 Va

2V4

2%

2%

8,100

2

*38%

8%
57

39

1

*434
*48 Vz

1

2434

*6%

634

67

67 %

8%

5%

-

68

39

6

68%

8%
58 %

*38%

*38%

39%

2

2%

68%

6834

8

5734

6%

6

6

2

68%

8

58

*38%

:

6

58

8%

57%

3834

6

68%

/••> 8%

57

3834

24%

,_No par

2

2%

6634

8%
58

50

com

*87

102

36

6 34

634

3,300

,

15%

6634

834

*56%

Co

Leather

102

36

-

18%

87%
38%

6%

'63 4

37%
104

90

*1634

19

37 %

*1031/4

38%

45

17

37%
104V4

1,400

68%

3,900

8%

8%

5,800

58%

8%
58

58%

3,000

3834

39

39%

300

4%

3,400

4%

*434

5

4%

4%

48%

*46%

49

48 V4

48%

24%

24%

24%

2434

24%

2434

24%

2434

24%

24%

7,100

6%

434

6%

6%

6%

6%

6%

*634

634

634

6%

1,800

4%

4%

4%

434
"

49

55

Jan

Jun

46

Jun

25

53

Jan

5

6%

preferred

conv

2234 July
6
May

x34%

Jan

20% Feb

11

2 6 34 May 20

American

Home

10%

Jan

6% Feb

25

8% May 21

American

Ice

90

106% Mar

88

Apr

16

92

Oct

10% Feb

11

15% Jun

14

May

14%

Nov

13% Jan

5

19

Jun

24

1834 May

30%

Feb

18% Mar 17

2634 Jun

3

Jan

95% Feb

Apr
934 May

12

102

13

Dec

116

Year 1947

Highest
$ per share

18%

Jun
Dec

28%
101

Dec

x2534.May
127

Dec

834

Lowest

1334 Sep

32% July
147

July

1434

Feb

16%

7%

Locomotive

100

NEW YORK

85

Dec

129%

76%

Dec

117%

Amer Machine & Metals

35

American Metal

24% Mar

9

120% Oct

14

6% Oct

22

29-

Feb

10

6% Feb

28

July

135% July
834 Jan

9
6

Feb

81

Feb

11

95% May 14

Feb

72% Feb

21

86 %

12% Feb

13

1634 May 21

162% Oct

20

186

Oct

preferred

American
American

Feb

17

6%

2

34% July 8
1134 Jun 24

176

-

May 14
Jan

27

Amer

Power

&

7%

preferred

12% Jan

9

American

Safety

2 7 34

July 14

American

Seating

38

Sep

27

46

Apr

4634 Feb

11

42 %

70%

Oct
Dec

July

139

Mar 10
Mar 19

Dec

40

Mar

31

Dec

158

Jan

126

25% May

37

Feb

23 %

28% July
29% Jan

Oct

15

25% Feb

27

22 Va Mar 12

12

68
May 27
163% Jun 11

35% May 18 ::

17% Aug 18

20% May 25

174%

Feb

147% Mar 17

82%

Feb

163% July
60

Dec

120% Aug

5434 Mar 29
131

Oct

1

46% Feb

14

116% Mar

6

7%

Dec

8%

Dec

26%

Jan

50 34

Oct

36% Mar 17

May

110%

Feb

95

Jun

103%

Feb

76% Mar 16

534 May

1034

Jan

6

Feb

17

69%

Apr

57

Sep

24

30% Feb

90

68%
62

May

3 0 34
36

May

42

Mar

7

Jan

11

21

May 21

15 8 34 Jun

10

68% Jan

5

144

Mar

9

71% July

9

120

Jun

10

834 Apr

22

5 6 34
104

July 28

10134

1434

80

80

14%
;

1434

80

80

14%
,

7%

American

American Tel & Tel Co
American

6%

preferred

Am Water

American

2

7%

Viscose Corp
Works

May 19

11

41% May 27

38%

Dec

30

Feb

10

45% Jun

2

Anaconda

51

Jan

25% Oct

13

38%s Jan

5

Anchor Hock Glass

Nov

111% Mar

4634. Jan

58% July

1434

Apr

24%

Dec

9%

Dec

16

Jan

334

Jun

6% Feb
39% Oct

98

Jun

11

3

60% Jun

18% Feb 11

36% Jun

46% Mar
8

9

Mar 17

4% Mar
27

For footnotes see
page 26.




Sep

Oct

2

19

107

90%

90%

90%

81%

8134

80%

81 %

14%

14%

1434

1434

14%

163

*160%
7%

8

25%

25%

*40%

40

60%

59%

149%

150

32%

32%
*124

128

163

-

,

734

8

25%.

25%

40%

41

60

5934

150

151

33

32%

*124

128

7%

734

7%

734

2634

2734

27%

2734

*41

603a V
150

;

60

149%

33%

33%
*124

128

42

40%

6034
151

..«

33%
128

60

*150
r

33%

*124

*40

41

60

6034
152

♦151

3334 v

9,200

2,100

40%

170

6034

6,600

152

34

34

128

128

120
=

128

230

1,200
10

29%

3034

7,300

23%

23%

2334

23%

23%

23%

23%

23%

23%

24

24

1,900

1534

3,300

39%

600

14%

152%

*18

152%

152%

62%

.

18%

152%
63%
133 %

68%

117

116%

8%

8

4734

3834
-

62%

68%

1334

14%

39%
122

132%

133

68%
117

39%
122

18%

6234
133

•

13%

39

122

4734

*120%
18 %

152%
63

132%
68

69

116%

117

14'A

*38%
*120%

18%

18%

152%

151%

63%

63 Va

6834

69

117

116%

117

♦116%

117

117

*116%

7%

8%

7'%

8

7%

8

4834

4734

48

45%

47

99%

98%

98%

*98%

100

96

96

*91%

100

7%
58

-

7%
58

5834

7%

7%

58 34

58%

7%
59

38

38%

38

3834

37 %

3834

3634

36%

3634

36 Vz

37

27

27

27%

26

26%

*99%

100%

*99%

101

*100

51%

5134

5134

51

51

*50%

27

26%

2634

27%

28

2734

26%

100

3734
<36

*9%

10%

*9

*4%

5%^
27%-

27

*27%

59

7

36%

2634

•:

734

*26%

26%

-

*58

58%

102

27 VA

10
Corp'.
i—20
Copper Miningi—

K

7%

8

46%

36%

51%

1.0% -

99%
*96

7%

8

45%

*26%

51%

.

132 Va

47%

51%

5

63%
132

8%

—21%

.*27'" -28

8,800

69

100%

V

27,500

64%

68%

102

•;: *9%

152%

69

*99

37%

900

69

*96

21 Va

151%

152

434

37%

10

10%

4

*434

27%-;

27%

434

10
5

27%

934

101

"

*100

101

51

5034

52

28%

28

2834

934

*4=34

5

27%

28

*1034
5

2734

500

18 34

68%

100%

35%

151%

6334

1834

63%

102

*57%

15234

18%

121

132-34

*98%

58

*1834

39%
120 34

63%

*96

*57%

18%

15%

15%
40
123

132%

100%

7%

♦120%

133

102

734

14%
*39

'

133

* 98 %

*7

14%
3934
125

132%

*96

V

14%

38%
122

48%

99,-

5

41

7%
26%

30%

99

par

7%
•

29%

99

—_t.-No

4,700

165

29 3A

*26

Inc—_d

♦162 Vz

165

29%

No par

Co

*162%

25%

8

2534

163

41,700

29%

26%

Products

162 %

3,700

82 Va

15%

28%

36%

Archer-Daniels-Midland

163

23,700

r

28%

14%

.No par

Co

*160%

81%
1434

600

1,000

28%

*38'

Oil

W

90%

8134

14 %

37%

Anderson-Prichard

Andes

90%

8134

14'A

37%

16

A P

90%

81%

14

26%

&

3

9034

81%

3534

14

Apr 20
6% May 26

90%

14%

490

:

130

28%

com -12.50

$4

7

23%

50

Cable

Corp

7

9034

35%

&

*128

91%

.<

10%

2634

Wire

preferred
Anderson, Clayton

14

34% Jun

25

$5 prior conv preferred
Anaconda Copper Mining

130

'

90 Va

8%

100

*128

7

81%

=

47%

—

130

2,300

11

Amer

preferred

/> 7

7%

32%

10%

7%

10%

18%

$4 conv prior preference—-No par
Zinc Lead & Smelt com
1

130

130

170

32%

32

10%

5

.

129%

3134

28%

100
Inc

122

..:

1,300

10%

common...No par

Co

Woolen

31%

8ya

10%

common—14

—

—

31%

5,900

14%
80

*8%

10%

*120%

.100

31%

14%
*79

8%

10%

25

-

3134

80

8%

10%

*124

100

__

common-.

preferred

American

5%

Tobacco

3134

14%

80

10%

5

Tobacco.

8%

6%

100

Sumatra

834

for

Shares

31%

.No par

Co„:

preferred

*121

8%

6"%

*31%

100

preferred

31

8%

31%

Steel

Dec

Apr

14%
,

834

Salea

the Week

f per share

31%'

5934

American Sugar Refg common—100

112% July 28
8% Jun 24
67

Jun

non-cum

Nov

Vz

35

30

Feb

41

6%

834

8%

Friday
Oct. 22

Oct. 21

1 per share

31%

*39%

.i—25

com—

Stove

Oct

20

18
13

Co

American

131% July 15

13% Oct

Snuff

5

116% Mar 15

34% Feb

American

24% Jan

Feb

Oct

1434
80

Thursday

Oct. 29

$ per share

200

200

106

31%

150

100

preferred

American

Dec

xl 1634

14%
80

Wednesday

*104

♦31%

8

22

47%

41% May

v

Oct. 19

I per share

105

3134

*25

Apr

27

146%

Jun

Tuesday,

Oct. 18

105

6,500

31

Foundries—..No par
.No par
Stores Co

Jun

Apr

10434

900

13%
17%

23%

7%

;_5

Co

American

May

Dec

*102%

105

22%

90

31%

.No par

Razor

9

May

62

22%

13%
*17

*7

*160%

100

26

34

14934

22%

*80

13%

*31

14-

Jan

21

135

2234

*102%

Monday

122

81%

35% Jun

140

116

Oct

22%

105 %

1 per share

31%

90%

.No par
Amer Ship Building Co
Am Smelt & Refg common-. .No par

7%

v

10%

__

14

18%

17

90

7%

No par

21

Jun

17

31%

.No par

7% Oct

32

*13%

17

*7

Amer Rad & St San'y com— -No par

16% Feb

136 Vz

1334

17

*80

100

49

*31

•:>

com— .No par

Light

Feb

172

1

Co

preferred
preferred

$6

$5

*121

—100

—

Feb

Jun

*80

13%

16%
22%

22%

14%

*30%

Co———_— No par

1634

Dec

8%

Molasses

News

22%

48% May

.No par

Ltd com.No par

Co

934 Aug
34

90

13%

22%

82%

1434
*81

90

*13
:

*102%

106

1 per share

Amer Mach & Fdy Co com— .No par
100
3.90% preferred
——

10% May 27

17

'*47

4834

*16%

13%

22 %

Oct. 1«
Par

2134 May 24
94% Jun 10

30

22%

Saturday

EXCHANGE

$ per share

15% May

142

*102%

STOCK

*16%

*47

*80

90

13%

1234
17

22%

preferred

*80

90

12%
*1634

common——1

5

Feb

Dec

American

11

Feb

170

*80

100

6% Feb

Feb

39 %

1134 May

preferred-

79% Feb

Sep

Dec
Dec

9

non-cum

*47

-

1534

28% May
7

Jun

6%

com-

American International Corp_No par
American Investment Co of 111—
1

Highest

$ per share

Jan

'

734

108

13

Range since Jan. 1

Lowest

1 per share

80

27

Jan

Products

Co

49

1134
5

2734

'

170

•

400

165

23 34

*107..

36%
*103%

1,300

:

18

6634

No par

101%

36

■'v.

37%

41/4

r*89

'

:

81

>38%

44%

38

-

4%
165

/

:

10334

<

634

23%

*8634

•

80%

107%

*1834

3834

101 %

2%

-No par

1834
8734

38%

37

5

6,700
■

•

15%

2

No par

_

90

44%

*8634

12%

;10334

39

; 17

>

60

12%

v

165

*107

>

25%

60

13 %

4%

2334

45

35%

l

preferred

2334
107%

25%

61%

7V8

„88 ,

-

16%

102%

57,800

25

81%.

38%

45

35%

40c

37%

■

3,000

734

*12%

103%

163 Vz

44 %

102%

^

7%

'

13

*107

1834

42

7%

61

4%

38%

2,200

2,160

251/2

Vi

39

41

4%
47

IO71/2

13

16%

'

44%
*16

-10

;

107

-41%

7%

*60

•

'

2334

*107 "

41

.'

107 Vz

601/4

X80

165

90

41

41/4
*45

107

25%

6%

7%

4%

*89

43s
48

l0o%

25

37 34-

81%

*89

434

*45

:

2,800

52%

*103%

4%

100

•

434

15,600
f.00

51%

1234

80%
3834

31%

50%

61

81

38%
90
"

31%

7%

25%

*30

38%

31%

50

12%

37%

4%

31%

50%

61

■/

104 %

4%

83

49%

2534'

3734

87%

33%;- 34%

50%

13%

*103%

1,100
6,700

86%

48

•

E4 %

49

62

37%

''

291/4
3234

8634

'

49%

*61

291/a

32%
*83

32%

i :7%

7

2,100
3,100
,800

19%

84%
33%

106%

40'/a

41% \

634

25

$7 2nd preferred A——

77 34 Jan

Hide

49

10334

37%

*103%

Foreign Power com__No par

American

4034

6%

2534

.

13
;

100
Inc„_1
1

6%

62

*12%

No par

3

5

.

1

Lines Inc

4

734 Jan

■:

29 Va

3234

9%
190

31%

4%

42

Encaustic Tiling

preferred

434

*19%

■

100

98%

88

31

.: *41

par

19

$7

434

300

6,900

r

331/a

32%

31

9%
188

29'/3

3,300

72

*94%

32%

250

21,500

58
32

19%

*83

84%

106

8734

Export

*86%

/

*44

*8634

Amer &

3034

434

2934
3234

*83

8634

/; 86%

3034

"*29%

1,500

3%

109

187

19%

'

4,300

70

*106%

934

187

32%

:

84%
3334

48

*1834

American

3234

> 33

'■ 87

4%.

4%

29%

32%
*82

3334

30%

19

3%

.,31%
.

97

9%

187

19

8,800

17%

♦70

3134
106%

*94

9%

*9%
187

*29%

84%

87

:

30%

*434

3234

33%

88

20%

29

32%

934
18%

17

*68%

71

31

106%

97

18734

18%

105

com

4

43% May 17

*87

Cyanamid Co com:

6% Mar

18

29

33

"187

*94

97

934

.

18%

*82

84%.

10

Crystal Sugar
prior preferred—

65% Mar

4% Oct

29%

32%

934

18634'

18%

32%

100
lo
3%% conv preferred series A.100
American Distilling Co
20

4%%

American

4% May 15
89% Jan
9

37% Jan 20

29%
*82

*94

105

„

20

Oct

934
*185

18%

32%

...

No par

Co

1% Sep

Apr

9%

,

186

*18%

97

*45

Co—

Dec

9%

*9%

*94

;

49

Cable.

2

42%

97

105

—:

*69

3134

186

preferred——No par"f

Colortype

70

70

106%

1—50

.1

Chicle

551%

105

common

&

55%

31%

—100

Chain

non-cum

54%

*105%

25%

preferred

55%

30%

American Car & Fdry com—No par

7%

334

-*45

preferred

7%

334

106%

20%

105

3 Va

3%

3034

*94

23'%
♦100

3 %

334

*105%

<

23%
105

3%

1634 >

30%

* 25 /

Co

14,000

106%

Bank Note common——10

Can

24%

23%
*100

29%

50%

Amer Cable & Radio

6,500

70

48

No par

17%

1634

*6834

105

com

17

*105%

*49%

Co

17.

29%

preferred-—_10C

Shoe

1,100

*1634

*44

;Ji

361/2

70%

*103

Corp class Ai.

36

17

50

conv

300

35%

*35

53%

69%

6934

70

*69

46%

1934

3%

53

2,100

*44

3%

17

_No par

conv

American

70

2934

6%

American

July

*69

com—1

Chemical_No

preferred!Broadcasting

52%

54

1934
45%

*105 V 106%

*

'* 6%

Brake

4%

53

53

53 %

4,166

1334

23%

*69

3%

2,200

4

45%

105

3%

'

No par

Co

3%

54%

72
85

3%

1934

*100

3%

♦80

Shares

45%

23

105

3%

3%

common—'1

Bosch

*100

334

17

Corp

preferred

American

2334

23

105

3%

7034

Airlines

cum

23%

2234
*99

3%

17

preferred-

Petroleum

American

Amer

Leather

convertible

Amerada

23

105

70

American European Secur

534 May

17%

No par

22

37

17

17

Alpha Portland Cement

15

Mar

17 %

7034

___100

Oct

55

16%

7034

preferred

conv

Apr

Feb

17%

common-No par

19

Feb

16%

——No par

Inc

19

Jan

17%

1934

71%

,

4

53%

35

37

Corp common—No par
100
preferred

27

25%

35

1

14% Mar 16

101V4

3434

71%

5

14% Sep

115%

3434

17%

Dye—.

17% July

Dec

34%

*70%

Co

20% July
6% Feb

Dec

34%

*17

Inc„

Chemical

Dec

Dec

35

—1

Jun

7%

*43

3%

5

16

74%

19%
43 %

100

13

86

19%

43%

*100

Allegheny Ludlum Steel Corp-No par
$4.50 conv preferred—No par
Allegheny & West Ry 6% gtd__100

Allied

53%

19%
42

17%
22%

preferred A—
100
$2.50 prior conv preferred_No par

Allied

53%

19%

the Week

S per share

85

3%

42

5%%

Allen

5334

71

*80

4

*34%

100

common

53%

54

69%

85

3%

for

Sales

Oct. 22

$ per share

69 %

*80

19%

Mining——10

Allegheny Corp common

3%%

18% Mar

99

Ry

4

43%

No par

Gold

preferred

Mar 22

Jan

"7%

Inc

4%%

68

Mar

Dec

Aldens

American

80

3% May
75 %

Inc

Vicksburg

Juneau

Mar 22

31

110% Nov

&

Alaska

67

85

4

Friday

Oct. 21

$ per share

67 %

*80

4%

54

53%

19%

6634

85

Thursday

Oct. 20

$ per share

66%

"4

PRICES

Wednesday

-

19

*4.1

1

Reduction

Alabama

10

Dec

Dec

Air

Corp

66%
*80

4%

*52%

1

Addressograph-Multigraph Corp__lo
Admiral

'

May

36

10734

47

20

May

9

20

3

6% May 17

Jan

73

7

10

No par

Stores

46

34Vz May

66

4%

HIGH SALE

Tuesday
Oct.

S per share

85

Co

Corp

Mills

31% Oct

18

66

*80

—2.50

Co

Express

Allied

98

84% Sep

Steel

I per share

No par

Co

Motors

Allied

3

Jun

28

Oct

Acme

Oct. 18

No par

com

Straus

&

ACF-Brill

20

91

42% May 27

Jan

Abraham

37% May 15

11

27

99%

5% May

30

31% Sep

35

24% May

3 4 34 May

8

14

May 17

21% Jan

20

Jan

Apr 23

1134 Jun

20

30

May 21

May 24

96

2

Mar

18% Sep

Feb

May 13

34
109

24

Mar

8% Sep

Nov
Nov

75

7

28..

90

36 Va

Abbott Laboratories

63% Oct

Feb

40%

30% May

79% Jan

1

Jan

Monday

Oct. 16
Par

July
Oct

Saturday
'

$ per share

$ per share

Jan

LOW AND

STOCK

EXCHANGE

Highest

55

May

YORK

NEW

Range since Jan. 1

Lowest

15

520

2,200
140

5,400

14,500
200

100

3,600
260

18,500
1,620
800
90

700

9,600
200

300

1,000

H

16

(1700)

THE

COMMERCIAL

NEW
Range for Previous

Range since Jan. 1
Highest

S per share

24% May

NEW YORK

,

Lowest

Highest

$ per share

■$ per share

371/2

Feb

25% Feb

11

1091/2

Feb

90

Feb

17

Oct

7% Oct

1

15% May 19

I3OV2

Jan

771/4 Sep

30

106
Jan
9
56% Jun 11

38%

Jun

55

Jan

41% Feb

10

91%

Dec

110

Feb

88

29

Jan

104% Mar

99y4 Jun

2

19

Jan

14

5

121/2 Mar 12

17% Aug

99

Dec

1321/2

Feb

100

99

Dec

134

Feb

94

25

20%

Dec

,

34

Feb

Feb

121/2 Mar 16

$3.75
$4

117%

6

( 66
30

120% Sep

2

107% Jun

3

Associates

3

Atch

Atlantic

July 14
1

Sep; 10

78% Mar

5

Feb

50% July 12

Feb

9

91

Feb

1 9

Feb

11

21% May

26% Ju]y

20

5.7

Apr

73

July

Dec

121

114

Jun

Atl

July

99

Sep

27

27%

Jan

20

Oct

19

24% Jan 20

12%

Feb

5% Mar 12

9% May 21

13

Dec

18%

Feb

13

Jan

26

Dec

29%

Jan

Dec

27%

Jan

7% 'Feb

8% Sep
12% Sep
4% Feb

28

151/4

Feb

35% Jan

22

49

9

com__100

Fe

Jan

4%

19

26

46

Jun

Mfg

$2.25

19'/4

4,700

53%

54 %

54%

54%

54 1/2

55%

56

56%

56%

57%

2,300

46%

46

V*

46%

46%

39%
*

44 Vt

46%

45'%

46%

75

75%

75

75

76-%

76%

76

39%

40 Va

40

40%"/

41

42;-

43

107%

46%

108

44%

108%

*107%

94

94

94%

21%

21%
57%

57
*100

*6%

21

6%

*6 V4

75%

1,600

43 V*

44%

20,100

93'/2

93

93%

94

94%

530

22 V4

22 %

22%

22%

22

221/4

2,400

57 1

6 %

55

56%

*20%

6 V4 "

*100

23

6%

109

650

56

58V4

*100

101

101'/2

1,940
60

'

*201/2

23%

*20%

22 %

200

*6%

6%

*6i/4

6%

300

14%

.

14»/2

6%

\

107 VB

•

V/

56

54%

/'/

100

100

108%

■

*14

14%

*14

14%

14 1/4

8%

9%

9%

9%

5

13%

13%

13%

13%

*13V4

common

3

7

7Vs

No par

*44

44%

14 1/4

9%

Amer

preferred

8.000

75'/4

44

108

20%.

5c

conv

800

108%

101

20

6%.

"76%

103

22 Va

21%

*20%

102%

108%
92 '/2

-

108%

93

21%

23

•

93%

63%

100%

(The)

117%

45%

30

21%

($1.20)—No par

,

47

.

107 %

No par

117V4

39%

.

56 %

Corp

2

19

XIOOV2

Avco

7% May 17

19

*'20%

of

8,500

103

19

57%

Co

•118%

,103

19

100 %

Canteen

117%

103

18%

-—No par

Co

2,700

54

*100

Automatic

3134

18%

preferred—-100

prior pfd

Autocar

320
320

31%

18%

116

*103

5

common,

31%

18%

56

Corp—

30%

4,600

116%

*76%

,

16%
105
100

103

No par

Nichols

Conv

8

_

16

103%
*99

18%

1

100

common..^

16 %

104%
100%

100

115%

1

100

A

16

*103%

102 %

'25

B„

29%

16%
104

18%

100

series

series

29%

16%

116*

*53 %

common

16%

103%

No par

common—,

29%

29%

,

15%

400

*115%'
*18%

preferred—/

$3.73

conv

Austin

10

19% Jan

Lines

29%

16%

..'

*103

100

RR_

preferred

Atlas Tack

16%May21

9

conv

Atlas Corp
Atlas Powder

16

5% May

I SS

Preferred

25% May 21

64% Apr
114
Jan

W

Line

non-cum

4%

*29%

10

Coast

G &

5%

8

22% Mar

17%

10

preferred

Atlantic Refining

May 22

99

48% Aug 27

Santa

non-cum

62..

21

&

Co

A T F Inc

47 % Mar

102

Topeka

5%

191/2 Jun 24

.

Investment

16%

400

16

116%

25% Jan

Dec

*15%

103

Feb

36 Vb

16

117

34%

4% May

*14%

103 'A

11

11

16%

350

111%

15%,

30%

Jun

16%-

100

1,700
3,500

93%

16%

29%

35

5

preferred

*111

'

*15%

100%

2nd

93

'

16 %

100 %

Associated-Dry

54%

•>:- 112

112

*102%

!

.9

82%

*15%

103

24

III1/2

15% V.

82

54

V

22.200

8%

v,

15%

102

Feb

;

15%

39,000
/•/.,
200

96%

8%

94

93%

113

■-

15%
*14%

102%

45

Aug

*14%

112

*

*100%

Feb

1131/2 'Sep

15%

103

59

105

111%

*15%
*14%

105

11

Dec

111%

103

Mar

Nov

■•//

94%

94

101

Feb

91

111

'15%

z %

94

54%

.

32%

96%

Z

81%

54

Shares

31%

%

8%

81%

80%
,55

54%

103

14'/4 Feb

Dec

*93%

15%

15%

80

•,/

102%

96

Mar

*14%

54%

103

84

77

15

80

54%

v >

96

8%

for

the Week

t per share

31%

8%

101

Feb

40

111

15

No par

80

-

54%':
"94

31

96%

>.'■

96

8%

Sales

Oct. 22

$ per share

31%

t

96

Goods common
1
6%. 1st preferred—100

Feb

Apr

111

111

__5

Corp__
Carpet Co Inc

.-81

,

30%

;

,.

7%

Jan

Jan

94

•

8%

July

99

62

54%

94

30%
96%

8%

May 10

112

31 %

81

54%

93%

29%

96%

'

8%

Friday

Oct. 21

$ per share

May 27

Dec

Jun

81

No par

cbnv

Constable

Artloom

30%

Thursday

Oct. 20

$ per share

97.

8%

PRICES

Wednesday

V

19

May

231/2

preferred

^54

_No par

_.

29%
96

8%

81

com—No par

Co

29%
96

8%

.Nb par

S per share

SALE

,

111

66

18%

Cork

29

"95

5

HIGH

Oct. II)

106

Jan

10% May
401/2 May

prior preferred

preferred

Arnold

9

10
com

AND

Tuesday

Oct. 18 V

S per share

.—100

Illinois

of

-n

16

16

x98

105

Monday

«Oct.

Mar 12

Feb

26

Sep

Co

Armstrong

.f

18% Jun

Feb

&

$6 conv

115% July 12

17%

Sep

Saturday

Monday, October 25, 1948

RECORD

,

Armco Steel Corp com
4 %% conv preferred
Armour

14

10% May
13% Dec

•14

STOCK

Par

32% May 21
101% Jun 25

15%

Dec

CHRONICLE

LOW

STOCK.

$ per share

May

103

YORK

EXCHANGE

9% May

99

FINANCIAL

STOCKS

Year 1947
Lowest

&

7Va

71/4

14 %

7'/a

141/4

14 %

300

9V4

9%

9%

9'/4

9%

1,100

13%

13%

13%

13%

13%

500

IV*

7 »/8

7%

44

44

44%

44% v

44%

44%

14%

14%

-

*14

9%

*13%

9V2V
13%

7%

7%

7Vt

7%

52,100

45%

45 Va

45'/4

45%

1,100

,

B
13

Dec

May

13% Feb

11

•13%

Dec

-24%

Feb

12 y4 Feb

27

7% May
11% May

16%

Feb

10

25%

Feb

15% Feb

11

10

16

9% May
60

42%

16Vb

Dec

18

Mar 16

Feb

13 y2 Feb

69

Jan

Feb

60

55%

Jan

42

Sep

Dec

54%

Jan

Apr

39%

Dec

8%

Dec

19%

18

Feb,

Jun

24%

Nov

18

y4 Oct

Dec

62

Jani

31

Feb

13

Mar' 24
Feb

11

Feb

24

i 9 V4

,

Dec

17%

Dec

96%

Dec

110%

Jan

80 %

20% Aug
108 %

Sep 17

Feb

85
8

V4 Jan

30

Feb

Bangor
Conv

May 14

29

12

Dec

30%

-

15

40

11

Jun

39% Mar

32% Feb

12% May

18%

Oct

141/s Feb

18%

Jan

14

27

5
'

Sep

"

16% May

24%

Jan

17% Sep -27
93J% Mar 16

95

Dec

106% Aug

28

May

39% Feb

Sep

25% Nov

13

28%

21% Sep

17%

21% May

,77%

Dec

103%

26

Jan

Jan

9

16

Feb

Dec

35%

19%

Apr

Jan

Dec

150

17

Feb

Jan

125

-

Dec

18%

Jan

Range for Previous
Year 1947

j.
Highest

Lowest

t per share

$ per share

25

May
12% May

36

14

18%

May
'28 % May
14% May

Feb
Feb

11

Nov

59

Dec

116

Jan

45%

Dec

67

35%

Feb

49%

'

21% Feb

Jan

J'an

May

38% May

-

37% May
88% Dec

May

7

Dec

13%

Feb

81

Dec

96

'

18%

Feb

9 %

May

40%

23% May
30% Nov
90

Dec

31%
63

109%

.

8% Sep

21

x27% Mar 17

Apr
Feb

20%

Nov

Jan

.9

May

14%

Feb

Dec

86%

'

'

Feb

Dec

1

■•'

16% Feb

11

120

Sep
Feb

24% May 17
124% July 2
11% May 15
.75
July 12

28

8

20

.

65

Mar'30

25% May

37%

Nov

x32%Febl3

Dec

102%

Apr

78y4Augll

80

14% May

23%

26

May

38% Feb

14

May

22%

80

Dec

80

May

84

104%

Jun

12% May

100

95%
:

Feb

15'% Mar

i

29 y4 Feb

Feb

•81

Mar

May

10
88

Jan

Dec

79

Dec.

108%

Dec

6

3

13% May
94% May
19

May

24%

Apr

22%
27%

Dec.

1%

34V8

Dec

X55

3%

1

Feb

Dec

,

8%

Feb

34%

Oct

12% May

17%

Jan

24% Feb

48%

Feb

18

Dec

25%

Feb

.

38% Feb

11

44 ;

14% Mar46

May

15%

Feb

10:

Mar

Nov

47%

Dec

38

Mar

1

For

fontnnff-

IMM




19y8Mayl4
-

47% May 19

-

36

>

*11%

12

*31%

32%

34%

34%

17

17 %

*15

15%

.

3,100
1,000
20

19%

11%

18%

*17%
*96

ICO

17%

.

14%

97%

1,600
/

:35'.V: :•

*17

18%

97%

32 34

>*34%
-

10

12

32%

>'/•■

900

85%'

*85

/

400

84

18%

85%

*18

36%

'

36

13%

22%

*70%

75%

*70 Va

75%'

*92

76

.

'

/■,

96

*91

95

13%

13%

223<;»

•"

23

1,100

18

18 %

1,100

Va

1P2

.

.

27%

28

27%

33%

33%

37%

38%

•-

*134 Va

29

11

38%/

37%

;,///

134

/;

29

11%

*11%

:

Monday

16

Oct.

$

per

HIGH

•/■

13.

15

15

15

45

*43

15

41%

r

19%

•

41V2

•

!

-

2.50v

34

*14%

35

35%

19%

41%

42

62%

62 %

62

(*8834

89%

88%

2%

2%

.No par
,_2.50'

?5%

26%

28 Va

' 28%

703/4

71%

13

34 %

34%

.

iNo

Co

.

*31

*92%

par

*31

25%
68

34%

33%
13

19%

%

41%

42%

4,000

61%

62 Vs

62%

63 Vb

*833?«

38%

■27%

-

*92%

22%

23

10%

10%

31%

32

92%

.,33%

28%.
95

«y4

33%

•

29

*92%

95

-

23

%

/;•

*,500

"34%,

30

30

*93

•

/,

.30

3,500

95

23 '/8

23

10%
32%

32 %.:

'32%

32%

'*92%

94%

,*92%:

94%

92%

20 %

20%

22%

10%

21

«%

29

.

10

21

i

200 y

4,400

23

10

100-

1,300
"

/

52'a

33%

30

28%

-

6,700
'•

9

30

•

900

33%

*43

9

*31%

•

•

92%

*20%

21

30

'28

*92%

92%

*20

29%

'

95

10%

92%

: 21

A

30

27%

34

38%

52'/a

33%

:

460

2% " (2%

8%

*43

8%

1,000

89

2%

18

9

2d%
70

90

»2r/'
38 %

'

17%

100

*121*'
'
9%
*69

Inc—

Corp

1J

23

.

10%.

:

%,

4,800
"

10 Va

.20%

21'.

1,500

3,600

3,900

:
92%'
-21%'

.33

37

37%

82

82

1,000
,120

1,300

-

common

,77%

5 .7

*3 :

—10%- -11 -i

.

:

3%'

J

22

23y4

101%

lOl^i

*30

30%

30'%

39y4

40

*53

54%

*53

*2

_1

2V'8

2

Cons

Copper
5.
'
6% 4 6y8
Cgmpbeil W & C Fdy„
_No par
*25
25%
Can Dry Ginger AJe com—1.66%
1014
10%
;$4.25 Lconv
preferred-*,'—;No par,r, *104% 106
f
Canada Southern Ry .Co^_/
100u»f ;*41
-42%
Canadian Breweries Ltd^i.—2No par—/-.?18% -19 V4
Canadian Pacific Ry——
/
25
14%
14%
-Cannon Mills
:Nff,pffr 4;/ *41/,„..,42%

6

6

6

25

25%'.—

10%

10%...

40%.',',41

*25%

,

,.10V4
*103%
V
41
-

.

80

80

3%

3%

3%

25

:

•

53

'

2

6

6

41
19l/p
14%

14%

14%

41%>

41%

•----*41%--42-

1

10%

19

14%

14%
•

-

42-

11

41
*18%

V
.

"

d.4%

14 V a

42

42

2,300
530

'11%

2,800

; ,80

200

3%

1,800

,25y4
103

3,600
'

150

32%

1,200

2,400

*

39%

.

54V2'

2

'

2%

5,800

61/4

.6,100

6

r

110

26 % ' :261/2"
•
..

•

41

.19%

,10,200

;8%-

39%

;6 Va

103

320

*53%

•

26 Va

10%
103

41

41

*41

;

;

*31%

2 Va
;.

-16%

3%

39%

,V;

104 %

25 Vb

.53%

2

2&%

10%

103%

*18 Vb

39%

■

88 y2

"

•103

30%

6

25%-

25.
103%

80

25

53%

;

8%

1,700
6,900
•

.80

107/s

v

103

30%

•

104

,

3%

25

103

25
103

40.

10%

'

8%

80

•41%"

16%

16%
*•

11

2

105

16%
/ 8%

10%

53

6
26%

90

11

40

2

*88%

.,

105

103
'

89

*104%

53%'

•

'•

v

8%

30%

14%
:

•

30%

*18%

.

T

30%

.

89

500

21%

105

40

soy4

-21%

79%

.

"

,

'41%

21%

10%

•

-

"

41%

21%

16%'-

8%

500

17

41 %

k

16%

1,200

83

*75

•

170

35%

%

*86

80

3%

,

*18%. .18%

88 %

-*75

25 '

*102% 103

--

39%
53%
*53
2Vi.2

1037/a *-104%

'*85

80

*104

79

3%

25%/
103

89%

*75

-

10%

40

'*39V4
'

23%

88%
*86%

120

14,100

70- ;

;

17

-

8%

24%

30%

-

17%

42%".
21%
89%

105

79

79
'
*77%
3y8 —-3%-

*17

Z

41J/2

10%

-

16%

16%

•5,800
:

10'/4

35%
*81

21'%'

16%

8%

'*101

.,

;v

»

-

41

89%

104%

100
No par/

Packing common—No par
preferred
50
Zinc-Lead

8%

.77%

81%

v

104%

*

36%

81%

,y

-3%

11

35%

80

104%

11

37
82

89

16%

16 VB "16%

'",70

82

21%

89%

8%

•

71

•*70

71

37

*75

105%

8%

1051

120%'

10

71

*86%

80

^^Nopar*

preferred

Co

-

l

..21% ;

-89

'

>18%;

120

10

.V

16% V

16%

89%

*75

16%

16%

.

89'/a

*86%
-

.18%

121

9Vb

82%

41

21%

18%

*120%

10

'

-

37

82%

;

40%

21%

80

*36
;

17%

*16%

-*4oy4

89

*75

-

-

70

18%

122

9%

10

69%

69%

18%'

18 V2

*121%

'•

121

97/s

37%

*86%

,—100-

121

10
-

18%

18%

-

122

69

100-

1-

18%

-

97/a

70

U—100
par.

>

*121

81%
81%
*17
17y2
40%
40 y4
21%' 21%
:*89ya '90y4

100

preferred

18

f

'10

*36%
.

5

common

17%
122

1

'

15,400

42

8%

33

11.300

28

70%

52 Vb

8%

26%-

28 %

70

19%

38 %

8%

33

31%

10 %

.

700

45

42

*2%;

*43

V

-

23%

23

93

*20

1—5

L—

(AM)

31%

10%

1
15

■Z

Vb

9

30
■

95

*92%

52

9

32%

30'/8

27%

;
23 Vs
10%

95

•

32%

27'%
-

8%

*43

.

4,700

•34%

88%

*3.7%

:100
3,200»

28%
v

62%

V

,

v

•15"%

*42

26%

f7

135.8

15 Va

.

45

Shares

11 Vb'

for

the Week

"35"'//

17J/8

26%

Sales

Share

"*33%

'

38%

7%

Vb

9%

30 '/a

27%

23 %

_No par

common

52

32%

30V4

*92%

—100

9

32%

*29%
.2-7%

•_—No par

7%

*43

9%

9
32%

*37%

800

Friday

13
14%

19%.

41%

38%"

7%

7%
52%

*43

f;

*37%

300

4,000

Oct. 22

34

14%

19%
41% '

2%:

70,000

,

11%,

t per

17

*43

.

71

•

29%

11%

13

25 % '

2%

39%
135%

-28%.

17

45

19% '

38%

11%

*22%

3

/■-■'

•15

:

1,500
6,900

135%

i

$ per share

13

*43 -■

■

27 V;2'

(3^8

Thursday

,

17

13

.//:■-

38%

29%

11%

100

27%

Oct. 21

28%

89%;:

25»

39

*7%,

—15

:_No par

1.300

24%

PRICES

25

;

*37 %

2.400

75 ; •:

33%

135 .:;/:■//

26%

11%

71

62 y2

*88%

2%

38 Va
135

;

29 V

28%
'

*41'%*"

613.4

61%
90

45

287/s
'71%

34 y4

34%

20

'

.38%
136

16%

15 %;

*43

•V

33'/a

20

71

41%

5

8,400

13%,
Va

94%

•

27%

33%

35%

28%

34
19%

X27%

*33
'

*14%

; ;t

25

24%

28 %

71%

34

■1

45.".,

,24%

2%

363i
/ 23

*70%

•

34 Vb

Wednesday

"<

1674 '

61%

36%

:

94%

$ per share

13

*43

*92

;

Oct. 20

16%

*33

95

SALE
■;:

$ per share

34

75

28 Va

Oct. ID

share

*70%

11%

Tuesday

IK

75 Va

28 7 a

.

11%

13%

*88%

23 Vb

38%

•;

16%

■

13%

/

*134%

29

13

No par.

if/

23 Va

23

28

./

136%

28%

16

.

133/4

/:,.■/

33%

;

.

.

*33

28%

36%

.*70%

34

134

11

71

35%

•13%

23

*90

28

32%

;%

33

*24%

97 3b

36%'

23

13

,

*96

,13%

13%

v

900

600

,

,

147b

'

'!

.

May 14

36

.

13%
22%

.

: 2

xl9%May 26

4

33%

Jun

36

% :4-

15%

L—,No par

Calumet & Hecla

7
15% May 21

119

12%
32%

18%

f;7 *96

97%

33%

5

—L—

participating

Callahan

31%'May

Oct 21

9 %

>5%

z

is

*96

13

California

May 17

8% May 21

20

Sep

3

17%

97%

15%

No par

Adding Machine—No

Byron Jackson

64% Sep 15
,

11

10

103

Dec

7%

40% Jun 15

5

1% lyiar:12
5% Sep 29

Feb

Deq

38

Watch

Byers.Co

35J/2 Jun 16

;•••:

33%

5

,

-4%% .preferred 1
—1
Butte Copper & Z)inc—

July -9

.*96

-

'

Bush Term Bldg 7% preferred—100
BUtler Bros xommbn
^
15'

9

*34

/

common....No par-:

Bush Terminal

..Jan

/

18%

18 Vb
'•.

23

5

preferred

Burroughs

105

11

Feb

110

132

^

*

common..

Co

1

4% May 18
277/8 July 14

15

277/8 Mar l7
52

Feb

(The)

preferred
3%% conv 2nd

2

*12

32% /

11%
18 Va

-i

-

3

'89

*85

*31%

v

12

*31%

par

No par

_

-3% % -preferred

Sep 1.7

15% Jun

27

Inc

-"

.17% Jun

'Mar 17

23% Feb

Co

TO % July

108

2% Mar 17
16

Jan

May

Sep

98J/2 Jan

Oct

May1

13

Mar 16

11%
■/

par
V

4%

6

18%

97%

t per share

—_2.50

•common,

Burlington Mills

3

Jan

76

*.

Oct
Jan

6 %

Jun

-88

9% Mar 16

Jan

21%

100

13

79

,

51%

Co

preferred

Bulova

85

15%

Oct.

Buffalo Forge Co._L
1^
Buff Niag El Corp 3.60% ,pfd_—100
Bullard Co
-1
No par-

Jun 18

12

32%

.

85

■>'/: 86

17

—100

Co_,

preferred
1

$5

3

26

Apr

7J/4 Mar 16

;

24% Feb

104

97

Shoe

■

7%

-21% May 15
43% Jun
1

-24% Jun

Mar 31

12% Feb

Dec

Jun

Bristol-Myers

Budd

15

791% Feb

16% Jan

6

11

Jun

77

:

Jan

72

8

14

16% Mar 16

;

Feb

40

*84

9,000

36

*83%

18%

2,500

"

41%

18%

84

18 %

25

11

18%

800
>100

1,700

36

V

'

Bucyrus-Erie Co

*90% Jun 21

86

<18% y

34%.

Saturday

Brunswick-Balke-Collender —No par
"

18%

*83%

34

*10%

"Zvv

Roller

$3.60

1

85

15%

(assented)_100

99

•

*83%

17

32%

No par

common

Borg-Warner Corp
.3%% preferred

13

x22% May 27

85

15% V

*92
27%

15

Brown

14

*83%

%

ill

11

13,100

.

42 Va

41%

36

85

24%
*41

18 Va

36

.

34%

'

—

12% July 26
Aug 11

18%

36%

16%

/;

:

3378 Aug

5

18%

15%

%

.3%%

17

11

18%

16%

*70%

Inc_J—I

(The)J

14

17% Feb

•

I

69

B

26

23 y4 Sep

11

15%

%

Brass—.

Feb

9% Sep
27

24%

*35%

*31V*

%

common

Brig'gs Manufacturing
Bl'iggs & Stratton
:

VA

18%

16%

28%

preferred
Brooklyn Union Gas_,
Brown & Bigelow—

15% Mar 16
r

120

&

Bridgeport Brass

'37% Jun
2
101% Apr 27

4

41%

34%

37%

Bearing Co
Braniff Airways Inc__
a.
Brewing Corp of America—'

34% May .18

27

42 Va

41

15%

*133%

class'A—/_

Stores

Bower

24

*41

42%

41%

36%

LOW AND

90'% Feb

Feb

Jan

27%

25

24%

42%

*41

Va
11%

34

13%

Par

Boston & Maine RR

-11% May 15
36% Jun
9

25% Mar 16

106%

.,

/ 10% May 18
71
Feb/10

8
Apr 28

50

Class

Borden "Co

May 24Jun

Aluminum

Ami,Co

Bond

5% May,15
42

f„ 7'/a Jan.

26% Sep
92% Oct

28%

125

96

;

33% Mar 18

i

19

66% July 13

2

Feb

36 %

13% May

11

Jan

Jun

Dec

Jan

Jan

27% May 15
44% Jun
9

'

1% Aug 26

Apr

25%
20%

51

21
24

42% Feb

Feb

Dec

Dec

Oct
Feb

88
,

Feb

15%

95

22

19

24%

42%

:*16%

100

■

(E W). Co new

Bohn

51

18%

*11%
»•'*

par

:

Bliss. & Laughlin Inc
Bloomingdale Brothers
Boeing Airplane Co
Bon

51

35%

*84

.

com__No par

Carpet—No

Black & Decker Mfg Co___„No
Blaw-Knox Co
_L——LNo
Bliss

- 29%
Apr 16
37% May 18
198
Jan 12

22

38

Jan

Dec

•

30

39%

Oct

33% Oct
;

Feb

32

10

Sep 27

68

Sep

6%

27

25
:

Oct

55
102

3% May

36% July 15

;

32% Mar 15

Feb

89

25

,

14% Sep
2
17% May 15
44% July 8

11

50

20.000

24%

50

11,200

76%

49 Va

1,700

//

26%

76%

16%

*22%

\

•_

(Del)

/

.

19% May 18

£8

24

26%

76%

15%

EXCHANGE

12% Sep
14% Sep

41% July
24% Oct

>

NEW YORK STOCK

28

24 V*
26 Va

76 %

18%

STOCKS

-

xl3

Dec

<_■_

Steel

Highest

Feb

29%

-

Bethlehem

$ per share

23 Va

*25%

77%

34%

36%

10

»_

Birmingham Electric Co

Jan

x20%

.com

_

,

::•••

12

*96

-5

Loan

14% Jan

$ per share

,

_J—

7%;preferred

•'

24%

23%

2634

35

%

*18%

32%

18%
•'

100

——

Appliances——33 %C

Indus

Foods

Range since Jan. 1

14%

15%

10

common..

Bigelow-Sanford

Lowest

19

*33%

15%

14

v

26

41

10%

15 %

15%

*16%

—

39% Oct 22

/:/■/,;/
•

11%

15

15%
14%

*83

/

84

87

24%

39%

15

15 Vb

137b

23 Vb

26% V

*41

%

39%

14%

15 V4
14

*34%

18

*3-1

10

42

39 Va
11

*11%

Cum pfd $3.25 ser of 1946..NO par
' Cum pfd $4 div ser of l948_No par4Best & Co__•„
1
_1

14

*41

11

*84

24 Va

24%

39%

*18%

1

Co
—

37% May 15

29

24%
42 Va

84

—50

139% July 14

9% Sep

49%

19

pfd— L__100

27

27

49 %

36%

—2.50

—.

Mar 16
Sep

49 V4

49%

50

*18%

.

Best

49%

■

/•

147b

15%
13%

•

'

Beneficial
•

*76%

: 11

.

1

Co

76 %

*76 V4

*35%

L_

preferred

Bendix. .Home

102% July 23
"30% May 24
37% May 27

14

25

27

13%

6

Howell

76%

26 V2

77 Va

25

Corp

Bendix Aviation

26% July 9
87% Mar 10

Aug 18

23 % Feb

&

41/4 %

2

Oct

Aircraft

Bell

>9

,'21% Jan

Packing

Bell

103% Jun 15
' 38% Jun

30% Feb

133%

Beech-Nut

23 Vb

*26%

7,7.%

24%

100

Belding-Heminway,

;

2

11

76

32% .Oct

24% Jan

28

94

24%

37% July 23
20% May 21
19% Mar 22

22%

26 Va

22%

26%

No par

pfd

conv

23%

22 Va

■

*59 VB

1

—

common.

Beech Aircraft Corp
Beech Creek RR

8

Aug 11

Feb
.

,3%%

Corp

Co

13%

*41

5

Inc—,

Foods

15%

13%

*49

50

Works

Cigars

15 Vb

13%

*76%

common—

__

14%

15%

13%

*26

10

Co.

143/4

15 Vb

22 %

50
10

Beaunit Mills, Inc,
Beck Shoe (AS) 4%%

8

15Vb Apr
34'/2 Apr

Iron

Bayuk

8

Oil

145/8

15 Va

13%

"

100

(Delaware)

Corp

*

14%

15

13%

v—100

common

preferred

Bath

100

16

10% May

.4%%

Beatrice

Jan

preferred

•

*14%

13
100

preferred.;

Brothers

Barnsdall

>7

Works
common.

.AroostQOk

Oil

16% Mar 31
23% Jan
2
90

Oct,20

&

Barker

Jun

1

Inc
Ohio

-5%

Barber

45

&

non-cum

28% Jun 14

*22% May

2

Feb

4Vc

T)

Locomotive

Baltimore

31% Jun 22

'

5% May

(B

43 % May 15

.

16% Mar 1.0

Jhn

Baldwin

44% May

.

83 %

.3

59
,

'5

35:

37
31
,

17% Jun

80% May 12

.

9

45%

Babbitt

29 Va July 14

28

20%

3

16% July 13

Feb.11

20 % Apr

28% July

May

16% Jun
■

r

t.
.

1,500

10%

7,600

*102

11%
102%

*41

42

*16%

200

19.%,

14% : i5%42

42%

320

36,100
500

!

Volume

168

Number

4745

THE

COMMERCIAL

NEW
Range for Previous

Range since Jain. 1
Lowest

Highest

NEW

Highest

-

$ per'share

11

Apr

14%

Feb

11

May

57'/a

Feb,

5% Dec
102 ;> Nov

15%

Jan

48% Apr 21
3% Sep 20 '

Jan

100% Feb

391/4

Jan

27% Jan
32% Mar

4

Oct

14

Oct

35% Mar 30

29% May

47

Dec

49 %

'

158%

Feb

64

Feb

50% Oct

28%

Dec

22

Dec

108 %

Jan

97

Feb

130

Dec

156

Apr

123

Feb

May

19% May
19% Dec

32%

Feb

Feb

22% Feb

July 28
12

19% May 21

43% Jan-

9

130

x97

17% May

32

2

41-% Jan

"

l

35% Mar

Dec
Jan

110% Jun

Mar 16''

6% Mar

Feb

May 15

Aug 26
8% Mar 22

2

Feb

7%

Saturday
Oct.

Par

2

147% July 15

:

68% May 15
39 % Jun
9

13
10

105

11

Carolina

Clinch

54

100

*108%

110

& Ohio

Ry

Carrier

Corp

Conv

Carriers
Case

July

2

May 27
34% Jun 25

I)

(J

Co

2nd

7%

Celotex

18% Feb
11% Sep

Central

12% Jun

Central

of

*109%
30%

31

37

37

7% Jun

18

101% Oct

4

108

Oct

8

83

7% Jan

6

39% Jun' 17

10% Jun

23

38% July

5 ff

preferred

16%

Oct
Feb

35% Mar

22 % Oct

11% May

21%

Jan

13% Feb

20

May 24

Certain-teed

20% May
19% May

30

Oct

33

Jan

Doc

Dec

3%

Century Ribbon Mills.;-

Apr

Chain

11

Champion Paper & Fib

6

15'% Jun

8

Checker

8

Chesapeake Corp of Virginia
Chesapeake & Ohio Ry common

30

July 19

45% Jan

9

79

Oct

90

Jan

29

4

Feb

11

May

9

July 13

12%

Jan

12%

Dec

9% Feb

11

8%

Feb

6

Jan

24

12

Jan

2

17% July
14% May
12% July
22% July

2

15% July 13

4% May

15%

Feb

10%

Jan

7% Jan'

Dec

6%

Feb

4% Mar 16

6% May
23% May

14%

Feb

7% Mar 16

38%

Feb

2%

'

30

Apr

3%%

convertible

Class

Chicago Great West RR Co
5%

Class

&

Series

41% July 13

A

;

Chic Milw St
A

Paul

P

&

convertible

Childs

Co

42

Jun

24

Chile

Oct

52% Feb

11

65% Jun

10

Chrysler

29% Jan

23% Feb

29% Jun

17

Cincinnati

4

Feb

94

28

Feb

20% Mar 13 ;

48%

Jan

36% Jan

27% May

34%

Nov

28

8,

May

78

11%

Dec

94

12% May
23

20%

May

34%

Feb

Sep

Oct

7Va Mar

Mar

78

Feb

Jan

15% Jan

Nov

6

6"

July 12

May 17

108% Jun

25

5%

78% May 20

Cleve

Dec

101

Jan

70

42%

Dec

57

Feb

40

24%

Feb

14%

Dec

32

34

Dec

140

.

154

Dec

89

91%

Dec

78 %

Sep 30

40

80 Va

80%

6%

19%

3

$4.50

7 Va

7%

13%

13-

13 Vb

13%

14'A

2,500

11%

11%

11%

11%

12%

12,200

11 %

11%

11 %

12

11%

11%

11%

11%

3,300

19%

19 !a

19%

20%

13%

13

9%

13

13

34%

34%

34%

36

35 Va

36 Va

11,100

34%

34%

19'A

20

19%

20 Va

6,000

44

44%

44 Va

44%

3,200

32%

32'A

32%

33%

33%

No par

*53%

54%

54%

54%

*53%

54%,

54%.

54%

*54'A

54%

*54'A

54%

300

38%

38%

38%

39%

39

39%

39%

40%

40 %

41

40%

42%

11,400

A

70

70

70

70%

70%

70%

70

70%

70 %

71

71 !4

72%

3,100

15%

15%

15-A

15%

3,600

100

:

;

11%

11%

*11%

12%

13

14%

14%

15%

16%

16%

*16%

17

16%

16%

16 %

17

*3%

3%

3%

3%

3%

3%

*49'%

51

*38

39%

A

59%

8.50

*28%

3%
51 %

*38

60

52

39%

51

*38

59%

29 Vb

28 %

28%

*94

95%

*94'/a

95

*22%

23

*22 Va

23

No par

*43%

44%

44%

44%

*28%

28%

*28 Vb

,100

*80

85

19%

5
;_20

8%

*8%

;__S
100

20

36%

,

8%
*

..

36%

preferred

41 %

*27 %

27%

100
7%

'*105%

106%

28%

28%

94%'

94%

23

23

23%

22%

45

45

45 Vb

•14

28%

f

.

36%

& Co

92% May 20

4%

cum

2nd

106

16

preferred.-

16

7%

*82

71

1.600

44%

45

•1,900

29

29

V

*35%

70

1,800

3

8

*80

85

;>>>

19%
36'%

f

13%

500

3

lf.%

700"
300

36

30

190

*165

185

*165

185

90

*85.

*85

90

*85

90

41%

41%

42%

*107

107%

107

27%

27%

106%

106%

27%.

71%

16.

72
42

16 Vb

:

28

7%

71%!
42 Va-

*

41%
107'%

350

28 V4

1,400

28
105

5,000

107

180

*7%

*72

72%

43%

*42 Va

43%

70

116 Va

16'A

5,400

28%

28%

900

161/4

*27%-.

7%

72,

7%

*42 Vb
16 Vb

16 %

28%. 1

16 Va

28

71%
•

28%

28 %

Va!

7%

7%

33 Va

33%

34

34

34%

34

139%

*139 Va

140

139

139%

139

"179

84%

85

86

86

•

86

86

;

7:,t

34%

"

85

.

7%

32%

83%

-

106%

139%

82%

41%
107%

42
108

27%

106%

-

43 %

*42 Vb

28.

*7 Va

32%

139%' 141

100

106%

16%

*27%

7%

32%
*

27%

72

42 Vb

[-"•

23

ft.85

19%

36%

95

22%

1

19%

4,800

*34%

8%

'

2G

30

31,600

'

72

27%

1

41%
107%

106%

42 Vb

15%

100

41%

106

72

27%

r._No par

com

19%

!

29

*8 Vi
*80'

61%

28

28'a
95

29

8 Va

85

j

36

.

27%

27%

27%

43!'a

1

preferred——

*80

*165

107 Vb

41%
108

,107Vb

No par

A".

Corp.—

7%

29

8Vb
.

19%

*19%
*35%

;

28%

8?/a
85 tv

23

*94%

310

38

60%

44%

,

2,100

53%

33

i

23V4

/

800

3%

33 Va

60%

29 Vb

17"

3!a

v

39 %

5C%

28%

*71

50

'

60

95

,>>80

*42%

gtd—50

*38;

39,

59%

95

8% A ■■■Ik' 8%

36%

x40%

41%
108

*107%

1

stock...'

53%

1,300

"

No par

..2

Bronze Co com

53%>

44 Va

20*

36 Va

.17

3%

23

+85

19 Va

*38'A

60

17

>3 %

53 %

53

39%

*10%

3%

28%!
...

29

*80

fi

52

59%

60%

Co—_10

com

Illuminating com__No par

Cluett Peabody

•

1

No par

Industries Inc—

Clopay

3,100

20

No par

July 13

3,600

21,200

44.

J.

Elec

13,600

•

19 %

io

Co

2,500

33%

33%

25

RR

•

34%

.

2.50

Pitts

•7

13

11%

33%

preferred.
&

900

13%

-

2100

Special gtd 4%

24,800

80%

Co__.No par

RR

preferred.

Graph

100

39%

80 Vb

11%

11

13

28%

39 Vb

11%

11%

19%

6%

*28
>

11%

13

11%

12%'

6%

28 '/a

*13%

13

11%

6%

*28

32 VB

-5

36% May 17
147

39%

80%

43%

10% Jan

9

10

40%

80 %

2,400

19%

Clinton

28

40

80

10

.12%

32 %

Climax Molybdenum—...

Feb

28%

40

80
*6%'

6%

28%

39%

11%

43%

5

137

6%

6%

29

*28

,

98

19%

18% Mar 22

30 % Sep

Feb

80

29

26 %
*96

32 'A

35% Jan

5

39

80

*28

%

26

43%

14% Mar 15

48% Mar

Dec

47% May 19

38%

79%

30

%

19%

23% May
7% Mar

39% Mar

May

Sep
8 '
Sep 23

12%

11%

90

15

71

11%

11%

10%

*85

Cleve

Oct

11%

11%

90

7

105

97

*85

9

Mar

97

90

34 % Apr

109

2a

98

*85

111% Jun

20

*29

25%

*97%

100

1

7.500

30%

24%

98

190

6

500

26%

30 %

25

*165

26% Oct

30%

30 %

24%

190

105% Jan

*30

30

200

10'A

Co

non-cum

9,100

*97%

*165

Cleve Elec

16 Va

.>10..

Ai

&

16

98

38 %

/

2,100

16 VB

25

10%

4.500

9%
24%

24%

190

Feb

Jun

Nov

30

13%

24'%

*97%

24%

*165

35% July

Decr

27 %

15%

100

115%

107

15%

C.C & St Louis Ry Co com

Jan

106

15%

5%

C

Jun

4

15Vb

*29

13'A

*9%

24%

•10

City Stores
Clark Equipment Co

95

Jun

15%

9%

City Investing Co common.
5% %
preferred

42 % Oct

15%

9%

City Ice & Fuel—

88

15%

15%

25

32%

2

43%

29

24%

43%

20

Jun

Jan

24%'

7%

C IT Financial Corp.

Nov

34% Feb 10

24%

32

Jan

5

24%

9%

x2'4%

24%

30

13'A

*9

100

12.30U

13%

Corp
Gas

9%

40

36

33%

13%

*9%

35

22%

preferred—"—..

4%

13%

%

36%

19%

io

July 12

9

35

900

76%

43 %

84% Apr
38% Aug

13%

9%

*73

19%

Cincinnati Milling Machine

'

80

Pac

35'

76%

7%

preferred

Copper

34%

85

&

34%

1,200

*76

31%

3

176

*13%

9

76%

44%

8

May 24

13%

9

76%

28

31%

Jun

21

9%

7%
102'A

*43%

48% July
,"

12%

13

7%

101. %

34%

:

27.%

100%

7%

102

76

34

33%

27%

101%

.

7%

102

*19

33

1

27% Mar 18
176

27

26

9

5%%

3

101 % May 26

23

32%

*75

or
27 j/.

28

7%

103 %

24 %

11%

No par

preference

common

1

111

76

27%

7%

7%
*102

9%.

Chickasha Cotton Oil

18

Dec

*75

28-

28

7%
103 %

29%

100

com

preferred series
Chicago Yellow Cab_^.

Feb

May
37% May

28

*7%

7%

9%

vtc A

Conv

44% Oct

21 %

27%

7%

9'A

20

96

7 V»

9%

15% Oct

Nov

11%

7%

9%

7

23-

16%

10%

7%

9

22

66%

16%

11

7%

9

72% Oct

Sep

16%

10%

7%

No par

vtc

42% Sep

56%

16%

10%

7%

21%

18

63'% May

16%

10%

7%

•13%

22

31

*16%

10%

7%

25% Feb

42% Mar

16%

7%

13%

45% Jan

Dec

16%
10%

21%

Jun

-

13%

7-Va:

57

32

18%

1'3%

4914 Mar 20

2

9,800
2,100

18%

21 VB

May

4% Apr

1,900

11

18%

7 Ve

51 %

19% May 27

16%

10%

18%

79%

5% preferred
.100
Chicago Pneumat Tool corn—No par

17

400

18%

13%

Chicago & Northwest

11

19

18%

21%

May 21

July 22

*13%
*16%

*18%

700

7

49% July 15

2% Sep

5,100

13

23% July 15

14% Feb

120

28

7%

40

Feb

101

135

27%

7%

28

7 % Ma'r

101

7%

11

21

14,000

7%

Feb

Nov

12,300

7%

14% Mar

Jan

10

55 Vc

134

.100

'A

34

6%

25

27% Sep

4%

6,100

7

class A"

35

Is

99%

135

27

37%
•

50

com

;

preferred

Chic Rock

99%

*134

131

11%

Feb

$3

99%

134

27

-13%

Feb

15%

100%

134

*12%

Dec

10

100

/133

27%

*11%

54%

2

300

2,900

No par

Louis Ry Co

B

2,400

7%
148

27

11%

prof erred J-__—_50

Chic Ind

16 Va

34%

145

148

27%

1

34%

Feb

52%

34 :t'.

*145"

147

26%

40

.U—-.

(The)—

Jan

15%

53%

34%

*28%

5

NOV

Dec

52%

34%

*10%

■

100

Nov

10%

53%

34 VB

98

111 RR Co com—No par

A_

13

30

40

42%

41

53

76

24%

25

preferred

13%

July

41%

145

*

14

4,200

39

7%

*145

*102

30

1.25

20%

56

4il%

15%
*38 'A

>

*97

No par

Chicago Corp

13% July 13

9

40%

15%

•

No par

33%

27%

40'A

16%
39

53%

104

*9

No par

Mfg

Chic <fc East

14

!
com

Co

preferred

21

9% Jun

15 '

7%

24%

1

14

% May
4% May
8% May

Products

Jan

7% Feb 11

7%

27%

7%

"

*12%

"_5

2G% Jun

;

15%
38%

7%

'34! a

27

28

7 '/a

9.50

No par

100% Jan

25% Mar 16

*

33%

Copper Corp

Feb

5% May
6

Pasco

17% Feb

7

16%

39%

7%

15%
*38

16%

*26%

100

90

37

300

52%

7%

Feb"

Oct

700

39

10 %

*75

1

Jan

30:> 1

*37'A

33%

135

pfd—100

29

30%

145

100%

*102

May 21

54%

109 %

30%

30%
38

53%

135

100

Jun

Cab

103%

30%
*37

34%

*99%

No par

15

Belt

148

134

7'/a

pfd

11

$4.50

1.11%

*109%

53%

100%

10%

900

5%

40%

40

134

16%

17
54

5%

7%

15%
40

7%

40

*9.9%

100

G & E Corp

28% Apr

de

.

5%

3 3'/a

18%

Jan.

102% July,
.7% Feb*

15%
*38

.

7%

*145
V

*18%

{Central RR of New Jersey.Central Violeta Sugar Co
Cerro

148

—5

NY Pr Corp 3.40%

14%

81%

15%
38

27%

vtc

Central

Dec

40%

series B

May 27

Nov

9% Mar 16

15%
38

1

Light 4%%

9%

Feb

39%

16 "A

No par

111

22%

20%

39%

17

*52%

Shares

*

*7%

39%

•109%

38

27%

Co

Co vtc

Hudson

Jan

10% May

Ry

Central

12%

23

7%

100

Central

4% May
11% Dec

24% Feb

7%

No par

Jun

8% Mar

Apr

27

for

the Week

'

Ga

96%

110%

16%
*37%

25

Sugar

5

111

31%
37

preferred—

Aguirre

54

111%

Foundry Co„

21

Dec

Sales

•>>

$ per share

17

*52%

*30%

20

28

5 ';b

5

*15%

5 Vb

*36%

1

cqmnion

7% Sep
26% Sep

100%

Friday
Oct.

.

share

16

5

37

10

preferred—

Corp

6% Feb

"

110

$ per

V

54

16

*52%

5%

31%

53

Jan

3% Mar 19

110

34

14%

74

54

5

36%

52%

7% May

Dec

15%

*52%

31%

34

Central

77%

*15%

4%

38%

*145

20'% Jan

10

■'

31%

100

11

Feb'

15%
54

4%

50

A

21

Jan

15%

*52'/a

4%

No par
Celanese Corp of Arncr com—No par
$4.75 1st preferred
No par

18% Oct

10%

Oct. 21

$ per share

*•50'a

common

16% Jun

116

S per share

*36%

series^—

Feb

Dec

Thursday

Oct. 20

5

Corp

7','r preferred—
Caterpillar Tractor

140

28 '

General

&

Feb

Dec

17

PRICES

Wednesday

par

common—;

preferred 4%

share

$ Per

,

15%

*52%
4%

Carolina Power & Light—.,-No
Carpenter Steel Co—.—-

8

May 20

52% Jun

5

*15%

1

21%

7%

SALE

Tuesday
Oct. 19'

18

'

10

A
Airlines Inc-

22%

100%

$ per share

common.._i

preferred

$3

Capital

Dec

xl7%

Oct.

HIGI1

AND

Monday

16

"

9

7

Capital Admin class A

56

18

Jan

132

18

13

21%

•35% May
6

Feb

45

;

12 Vs May

LOW

STOCK

(1701)

,

RECORD

'

50%

Dec
Dec

V

38<

YORK

EXCHANGE

$ per share

50

% 27

STOCK

CHRONICLE

"

$ per share

128

YORK

I

•'

$ per share

FINANCIAL

STOCKS

Year 1.947

Lowest

&

34%
*138%
'86

250

7%

1,900

34%

4,000

141

170

86

1,000-

'

-

Range for Previous

STOCKS

Year 1947
Lowest

*

Highest

t per share
141

May

xQl %

$ per share

191%

Jun

$ per share

Nov

145

61

May

1155

May

1332

33

May

56

Jan

87

Dec

23%

65%

46

par
Coca-Cola Co

(The) c'ommon.No par

Oct

t per share

2
8

Class, A

No par

*61%

1

Coca-Cola

—No par

2

36%

Corp

21

25% May 18

Colgate-Palmolive-Peet com—No par
$3.50 preferred
No par
Collins <fc AikmanJ.
No par

Feb

11

26% May 21

Colonial

96

Apr

20

——

-149

150

r

150

61%

61 %

A-A'

36%

37

90 %

89

89

36%
,-90
19%

-

19 %

19%

19 V;

22%

22

22%

.

19 Va

22%

PRICES
'

Wednesday

Thursday

Oct. 20

share

•151

61%

152%

62

*1175

37'A

37%

90

89%

Friday

Oct. 21

$ per share

*1105

36%

*89

SALE

150

61%
*1125

61%

HIGH

Oct. 19
$ per

150

.

AND

Tuesday

;.

$ per share

*1125

45% Jan

LOW

Oct. IK

Jan

Internat

t

Monday

Oct. 16

63% Jun

July

"

Saturday

18% Oct

Feb

22%

1332

32% Aug 16
X87 % Sep 10

105% July

Dec

183

July

1

STOCK

EXCHANGE

$ per share

Sep 28
July 13

Jan

1140

YORK

NEW

Range since'Jan. 1
Lowest
'Highest

v

'

62

•

152

152

62%

*1150

Aug

12

16

Mills

Inc—

18

Oct

12% Feb

11

22% Oct

22

20%

Feb

16

Feb

11

22% Oct

22

May

17%

Feb

11

Feb

11

18% Jun

25

9% May

17%

Feb

12% Feb

13

18% July 15

4%

non-cum

8

16%

Feb

11% Apr

13

17% July 14

4%

non-cum

May

16% May
8

May

21%

Dec

32%

Jan

22% Aug 26

32% May 15

21%

Nov

32%

Jan

21% Sep

28

31% May 12

10

Apr

12%

Oct

10% Feb

13

14% Jun

'

"ll% "Dec
63

22 %

Feb

Vs Oct

6

7% Sep

28

37%

38

x37%

38 %

89%

89%

89%

*89

89%

19%

19 V4

19%

18%

19

18%

18%

22%

22%

22 %

22%

23

•22%

20*

20%

20%

5

43% Jun

4

23

48%

Oct

36% Jan

Feb

90

Jan

2

26% July

20

Feb

13

2% Feb

10

2% May

Jan

4

53% July 15
104

July

7

29% May 26

3% Oct

19

100

*13%

14%

*13%

14%

2nd

100

12 %

12%

*12%

13

13-

13

preferred!

Pictures

Columbus &

Commercial
3.60%

Co

20-%

21%

21%

22 %

68,300

20:14

20%

21 Vb"

21'4

22

22 Vb

22%

13,700

13%

13%

14

13%

14

14'A

14%

*13%

14 %

14

14

14

14 Va

14

14%

13

13

14'

-

•

:

14%

*13%

24%

23%

24%

23%

24 Vb

23%'

24

23 Vi,

23%

23

23%

23

23%

22%

23!

a

23 Vb

23 !'a

22%

23%

22%

22%

2,700

11%

11%

11%

11%

11%

11%

11%

11%

11%

11%

12%

34,600

*

11/64

iff

^_10

11/64

7%

8

*54

.

32%
41%

8

8

58

*53

11/64
8%

11/64

A
8

8%

9%

57%

56%

56%

100

31%

31%

31%

32%

2,600

42

*41%

41%

42

41%

41%

41%

41%

41%

41%

1,500

3,900

60

49%

49%

48%

49%

48%

49

48%

49%

49 Va

49%

49 Va

49%

100

94%

95

94

95%

94%

95 'A

95

96

95%

97

96'A

97

No par

21%

21%

21%

22

21%

21Ta

21%

22

21%

21%

21

21%

6,500

South com_._No par

3%

3 %

3%

3%

3%

3%

35b

3%

3%

3%

3%

3%

320,100

—No par

100 Va

100%

100%

100%

100%

100%

100%

2,100

25%

26 %

26%

26%

26 Va

16,300

-9%

9%

9%

9%

9%

1,300

35 %

2,400

common

A

&

.

Jan

95% Aug 30

99%

99%

99%

99%

99%

Jan

25% Sep

23

29% May 14

Commonwealth Edison Co

;

25

25%

25%

25%

26

25%

Jan

8% Feb

11

11% May 20

Conde

No par

*9%

10

*9%

10

9%

9%

23% May

33%

Nov

28% Feb

10

36% July 12

34

34

34 VB

34 Vb

34%

34%

34%

35

35

35%

Feb

27

Oct

21

32

*27

28

28 VB

*27 Vb

28'A

*27 VB

28%

27

27%

Feb

4

Sep

8

6 % May 21

Congoleum-Nairn Inc.
.—.No par
Consolidated Cigar——No par
Consolidated Coppsrmines Corp.—5

34

30

Feb

21

Mar.5

25% July 12

4% May
21

7

Nov

104%

29%

Nov

108% Mar

11% May
10% Dec

20%
15%

Feb

40% May

54%

103% Feb

Ja*n

17

10

11% Mar 16

Feb

9

Apr

30

30

Jan

19%

May

12% May

41% Aug 25
19% Feb 11

Feb

11

10% July

17% Mar

30

Dec

38%

Feb

99%

Dec

114%

Feb

Feb

24

9% Oct

11

9% Sep

9

32% Feb

27

/

98% July 26
100

32% May
94% Dec

48~

Feb

104% July

Sep 27
33% Aug 12
90

18'

May 21

107% July

xl8% Jun

6

11

$5

r

Publishing Inc

Edison

4%

4%

4%

4%

4%

438

4%

23%

23%

23%

23%

23%

23%

23%

No par

preferred

Consolidated

106 Va

106%

105%

Corp—1.33%

Grocers

—_5

14%

35% Jun

17

Consol RR or Cuba
Consolidated

Consumers

$4.50
$4.52

42% Jan

5

20%

Feb

10% Mar 17

99% May 25
17% July 13

106%

Apr

84 % Mar 23

92% Sep

44%

Feb

30% Feb

5

40

May 15

92

7

99

July 13

23%

4%

4%

23%
105%. 105%

23%

106

*

106

14%

14%

14 Va
*

106

106

14%

14%

106

14%

14%

14%

9%

9%

9 %

9%

*9%

9%

*9%

44Vb

44VB

44 V8

43%

44'A

43%

44

26%

28%

27%

16%

13%

13%

13%

13%

13%

13%

10%

26%

10%

10%

10%

11

11

11

10%

10%

10%

10-!A

-106

10%

28%

27 %

.

> 14%

10

43%

9%

*15%

Vultee

9%

Power Co com—No-par

10

9%

9%

10

*33%

34%

par

103%

103%

103

103%

*103

...No par

103%

103%

103

103'A

103

of America com__20

*37%
*91

37%

1.—No

preferred
preferred.—
___

Container Corp
4%

Aircraft

10%,

1

Consolidated

11

Dec

4%

35

*27%

27'A
4

200

%

5,100

23%

25,500

*9%

106

1,600

15

1,700

9%

44

44 Vb

27%

28

13%

13%

500

10%

10%

5,600

9%

10'A

30,400

3,900

"

27%

27%
*13

27%
13%

7.800

'

103% Oct

Dec

100
Inc..—1

pfd

Stores

Consolidated Textile Co Inc—__10c

106% May 25

11%

6%

Retail

Va

23%

26%

*43%

Aug 27
15% May 12
15% July
6
16% Mar 20

9%

44

*9%

Consolidated Natural Gas.....—..15

28

Laundries Corp

*14%

Consolidated

2

4

26

1,020

•

51

Jan

*27 VB

.

26

par

com.!—No

of N Y

12% Jun 21

94

Oct

preferred series

Consol

3,000

8%

*56%

32%

14%

Apr

598,800

311A

33%

Nast

;i a

32 V4

I

*56

123%

$6

4,500

32 Va

60

31%

41%

J/8

11/64

7

32%

*54

60

32%

i'ff

Dec

27

310

23 %

Nov

Apr

430
330
r

11%

8% May

106

14%

24 %

No par

Solvents-—:

CommonwTth

21

20%
'"13%

*23%

Southern Ohio Elec—10

Credit

2,100

2.50

common—No par

preferred

Commercial

2,400

No par

cl A

Inc

$4.25 cum preferred w w—No par
Carbon

A

-2.50

System

—-—

35% Feb

115%

20%
13%

Rights

Columbian

Dec

May

20"%

*13

a

Columbia

May

20 VB

20%

13%

——2—

16

8

20%
20 %

13%

1st preferred

Gas

13% May 21
78% Jun 15

Oct

36

94

B

Columbia

37% Apr

56

14%
20%

100

com

100

23

L__20

Ry

270
6,900

38%

22%

.

Corp com...No par

preferred-—;

Broad Sys Inc

Columbia
Class

Iron

Southern

&

27'

.

Mar

Dec

25%

7

&

conv

28% Feb

86

36

20 %

32

Oct

Fuel

5%

Colorado

39% Aug
Feb
50 r

Dec

30% May

87

7

24

Colo

5

800

62%

*1175

*

18

Shares

152%

*61%

for

the Week

S per share

152%

62 Vb

>''

Sales

Oct. '>'!

$ per share

preferred

l-__

.100

...•

Continental Baking Co com

No par

34%

34%

37%

34%

38 Va

37%

10 Vb

.9%

34%

34%

35

33%

34%

33%

103%

103

103%

102%

103%

102%

103'A

103

102%

102%

102%

103

102%

102%

800

38 %

39

38%

%

5,900

15%

4,409

38%

38%

39

90

90

34

39

3.200
600

'

94

91

90

14%

14%

87%

r 87%

35 '

*90

15

14%

87%

91

.

15

15%

15%

88%

89

89

*89

16

X. 87%

15%

*90

92

92

15%

16

430

'

30%
1

Dec

95

Dec

•9

May

44

May

6% May

110% July
r

13%

55%

Feb
Dec

Oct

9% Sep 28
48% Mar 17

13 % May

3

21

$5.50.

,2.——/—No

preferred

Continental

Can

Inc

common.

$3,75. preferred
Continental

64

Oct

21

Continental

Insurance

12%

Feb

Feb

27

10% Jun

24

Continental Motors...

Apr

55 %

Dec

46% Feb

11

69% Jun

18

Continental

Oil

Apr

27%

Oct

14

Mar 16

19% Apr

16

Continental

Steel

see

page 26.




5

35

35%

*91%+

95

*91%

*10%

10%

87%

35'A

35%

.

*89 Vb

*89%

90'

•'*

90

440

35%

35%

35%

95

-*93

95

93

93

10%

10%

v"10 V4

10%

10%

10%

10

10%

10'A

10%

1,900

62

63%

63%

64

63 Va

63%

7,000

9 VB

31,200

35%

*92%

35%
95

35

35%

*92'A

95

6,700
100

'

12%

For footnotes

20

No par

Diamond Fibre*.._a

35

6

par

of

1—10

-

1

Delaware

Corp..-.-.

'

60%

60%

60'A

60%

60

9VB

9%

1

9%

9%

5

61%

61%

61'A'

62%

14

16%

16%

17

17'A

9

.

61%
9%

8%

8%

8%

63%

63%

64

62'A

63%

62

V4

63

11,500

17'A

16%

17%

17%

17%

17%

18

4,100

9 Vo

~

'62%
"

17'A

8%

|

COMMERCIAL

THE

YORK

NEW
Range for Previous

Range since Jan. 1
Lowest

Highest

f per share

$ per share

14 Vb
43

19*
17%

12% Jun
44

Dec
Oct

19 % Mar

9

33

Jun

x49% Mar 17

55

July il

Feb

13

Feb

11

14

21% Oct 22

42% Mar 24

48 % Oct

21

10% Feb

11

15 y2 Jun

15

61

Jan

50

Feb

13

57 y4 July 14

32%

Feb

18% Feb

5

105%

Feb

90

Oct

11

97%

July, 1

Dec

105%

Jun

90

Oct

21

98

July 21

61% Sep

75%

170

195

Dec

59

Jan

Aug

Apr 30

164% Oct

18

23 3A Oct

15

66% Mar 24
177

Mar 19

4% Dec

8% Jan

3% Sep 20

sy4 Jan

2

2%

Dec

4%

Jan

2 % Aug

9

3% Feb

2

36 y4 May

40 %

Feb

Feb

13

39% Jun

14

94% Aug 31

98 y2 Jun

2

9% Sep 27
Mar 18

Jan

15

24% Jun

8

107

Dec

97

29

Mar

11% Dec

16

Oct

22% Dec

30

Jan

x21

17% Feb
37

52% Mar

Dec

41

11

Sep 22

26% Mar 16

25

Apr

34%

Oct

98

Dec

108%

Feb

105% May
22% May

130 %

Oct

37%

Feb

96

Jan

Sep 13
21% Sep 28
66% Mar 17

34%

Oct

26% Mar

21 %

Jan

12% Feb

Dec

66

22

May
13% May

.

165

165

Jan

12%

Jan

17%

Dec

Sep 22

56

70

Jun

Dec

19% Aug

•

Cuba

9

11

18% Feb

13

Jan

27

Aug

2

May 14
12% July 21
28 y4 Sep
1

137

133

19

Sep 28

30% Jun

10

85

Oct

94% Jun

24

13% Mar

21% Mar 16

24%
35%

Dec

84

Dec

2

17% Jan

6

28% July 14
31% Aug
4

Jan

94

Jun

17

84

101% July
101'% July
23%

20% Jan

84

Jan

82%

25

July 2
x31% May 26

18% Feb 14
24% Feb 25

Oct

Dec

8

9

Feb

15

16% Jan
24

12% Sep

17

Oct

23%

14% May

Jan

17% Aug
177
Jun

July 15

Sep 27
7

94

Jun

10

15% Jan

5

2

9% Sep
8 Va Sep

Feb

Zellerbach

Corp

92

91%

92

91

*90

23%
91

*90

91

90

90

63y2

64

65y2

*164%

165

22%

23

100

*90%

91%

*89%

90%

100

64%

5,500

1

65%

64%

65%

64%

166

*164%

166

164%

64

64%

64%

164%

164 %

270

167

3%

4y8

4

4'A

4%

4V8

4%

4%

4%

4 VB

4%

3,000

2%
33%

2%

2%

2%

2y2

2Va

2%

2%

2%

2%

2%

2%

337/3

33a/4

343/4

33i/2

32%

33 %

33%

33%

33%

34%

1,100
7,000

*92

96

*9%

*92

20 %2

39
28%

39
287/a

' 10

96
loy8

24%2

24

24%

24

24

24%

300

21

20%

21%

21

21%

21%

21%

21%

22%

8,200

*38%

40y8

38%

38%

38%

38%

*38%

40%

300

40%8

*39

28%

28%

28%2

95%

*94%

95%
102
25%

*101

102

*24%

24%

24%

25'A

*71

72%

*70%

102
24%

72%

180

*160

9%

*9

180

*160

97

95

28%

27 %

72%

72%

73%

28

10,900

74%

74

*31

180

10

27%

27%

32

15%

15%
180

*160

9%

9

9%

104

*30%

16 VB

3,500

180

2,800

9%

9 Va

9 Vb

390

16 %

16

*160

180

9

1,000

31%

31

31%

15%
*160

420

97
103

74

27 %

15%

1,900

96

*100

96%

26

*100

29

28%

28%

96%

104%

32

9%

9%

9

28%

28%

*24

24%

1,800

10

10

10

9%
*24

*100

72

15'A

10%

10

287A

*94%

95
102

*160

96

*92

96

*92

96
10%

20%

*92

96

*92

4Vb

10

20%

95
*101

34

*24

10

24%.

*24

-

15%4

*80

83

*80

83

82

*80

81%

14

14

*13%

14 %

14 %2

14 %2

13%

14%

14%

14%

*14%

14%

5

*80

*80

83

83

*80

900
200

Cunningham Drug Stores Inc—2.50

*18%4

19%4

*18%

18%

*18y4

18%

18%

18%

*18%

19%

19

19

com__No par

10%

10%s

10%4

10%

10%

10%

10 %

10%

10%

10%

10%

10%

No par

*137%

*137%

*138%

140%

*138%

140 %

*54%

54y2

139
54%

*137%

No par

139
54%

1

10%

10y2
24 %

10%

10%

10%

Publishing

preferred

$7

Prior

preferred

Curtiss-Wright
Class

common

1

Cutler-Hammer

Dana Corp

Inc

pfd

*132

100

3.75%

series A

Preferred

3.75%

series B

42

Jun

15

46 % Jan

2

29% Dec

38%

Feb

29% Feb

5

34% May 24

45% Mar

38% Jan

20

50% Jun 24

11

13 % July 12

Delaware

Co

29%
*85

*16%
23%
30%

30

55'A

400

10%

10%

30,800

25%

5,300

86

85

86

*84

*11%

84%

11%

*liy8

30%

30%

30%

2,900

22 %

3,000

22%

22%

22%

23

23%

87

85

85

87

87

*15%

16%

16

16

16%

16 %

17

*16

17

*16

60

23%

23%

24

24 VB

24%

1,700'

29%

30'A

29%

30'A

30

30%

4,000

86

86

*85

87

86%

86 %

86

*84

86

*84%

130

130

86

11%

11 Vb

11%

10%

IIVb

1,800

8%

8%

8%

8%

8%

8%

3,500

11

50c

*9%

9%

9y8

8%

32%

32%

32%

32%

32y2

32%

32%

32%

33

33 %

33%

34

35%

35%

35%

36

35

35%

35%

35%

35%

35%

35%

36%

*30%

31%

31%

31%

*31%

31%

*31%

31%

31'A

31%

*30%

31%

100

*46%

47JA

*46%

50

10%

100

100

_

7%-preferred
Western

&

200

17

*16

23%

11%

84%

10

137

*132

137

30%

*85

86

11%

84%

*11%

24%

25%

25 VB
*132

30%

*84

86

86

137

30%

22%
87
16 y2
16 V2
23%
30%
85

*16
23%
30'A

25%

25%
*132

31

*15'%

16 %
17
23%
30'A

*54%

.10%

1

Inc

common

Lack

*16y4
*23%

*15%

16 %
17
23%

55%

10%

25'A

22%
*85

86

*54%

10%

No par

Delaware & Hudson

7% Feb

Records

22'A

lOo

Deep Rock Oil Corp
&

22'A
86

88

54%

10%

135

30%

22 %

30

54 %

10%

20

24
29% Sep 27
33

Decca

31%

50c

Oct

Deere

30%

*15%

100

Dayton Rubber Co

135

140

139

6,900

54 y2

25

25%

140

31 %

*86

Davega Stores Corp common—2.50
5% conv preferred
20
Davison Chemical Corp (The)
1
Dayton Pwr & Light common
7
Preferred

*132

22'A

1

common

24%

140

"

139

*54

31

No par

,

pfd series A

3%%

24

100

A

cushman's Sons Inc 7%

Oct

Feb

23

*91

91

164%2

53

22%

31%.

Feb

10%

22%

92

92
166%.

53

15y8

45%

5% May

5,500

22%

*91

31

20%

32% May

23%

23%
91

15%

*-46%

9

140

48%

23 %

30%2

Aug

13% Jan

1,200

48%

91

30%2

May

Sep 13

*53

53

*165

533/3

11

ll'/a

531/2

*15%

33

Sep

11%

53%

54

100

Curtis

70

11%

53%

11'A

*53

common—10
100
Cudahy Packing Co common
10
4%%
preferred
100
Inc

*48%

49%

23 %
91

63%

Cuban-American Sugar
7% preferred

Press

16,800

*11

11%

72
31%

Cuneo

110

21 VB

»9l

100
pfd

54%

20%

53%

No par
No par

conv preferred
RR 6%
non-cum

'*53%

20 Vb

29

23%

of Amer com__No par

Crucible Steel

29%

54%

54

*48%

49%

MS

2,300

30

29%

19%

20%
49%
11%

.

for

Shares

*53%

29

54

19%

20

*so

No par
5

com

20%

29

54

19%

11

19%

18%

share

Sales

the Week

$ per share

I per share

29
29%
54Va- 54%

.

48.

11

1

$4.20 preferred
$4 2nd preferred

31

11

47%

11%

100

America

of

preferred

5%

Sep
Sep

26%
97

90y4 Nov

2

Apr
Feb

.

30%

-18% May

78 y4 Jun

61

4% Feb

Dec

132

Feb

129

14

Mar 11

48

Feb

21%

12% May

,

28% Jun

150

Mar-

6%

4% May

Crown

1

17

7

47%

*11

Cream of Wheat Corp (The)——2
Crown Cork & Seal com
2.50

1

4

*47

is%

25

preferred

$ per share

29V4
54%

1

common

Creameries

July 14

122% Feb

17

Feb

3%%

Jun

13 %

Nbv

12%

Co

34% Jun

11

27%

6% May

13

Crane

28%
"54

5
50

Exchange. Bank & Tr Co—20
Corning Glass Works common
5
3%% preferred
100
Cum pfd 3%% ser of 1947—100
Corn Products Refining com
25
7% preferred
100
Coty I.nc
—;
1
Coty International Corp
—1

103 y4

July 30

54%

$ per

Oct. 22

Oct. 21

Oct. 20

Oct. Ill

Friday

Thursday

Wednesday

Tuesday

•

t per share

29

<54

Corn

129

13% May 21

$ per share
<-28

Steel Co common
Convertible pref 5% series
Cornell Dubilier Electric Corp

$2

88

Oct. 18

No par

Copperweld

6

34

Monday

common—_5

Corp

$3 prior preferred—

46V2 Mar

Sep 27

13% Oct

147

26 % May 27

Feb

Feb

113% Jan

13

17% May 18
24% Jan 13

19%

24% Oct

,

2

11

Apr 21
8% Oct
9

80

Dec

xl6
.

24

155

Sep
Mar

101

82% Dec

91% Feb
100

LOW AND HIGH SALE PRICES

Par

Cooper-Bessemer

Monday, October 25, 1948

RECORD

Oct. 16

S per share

18% Dec
88% Dec
88

CHRONICLE

Saturday

<

EXCHANGE

20% Feb

55

Dec

12% May
51% Dec

STOCK

STOCK

NEW YORK

Highest

t per share

Feb

55

May
May

FINANCIAL

STOCKS

Year 1947

Lowest

&

9

9

2,500
13,900

1,200
900

47y4

47%

47%

48%

49

48%

48'A

49

49

11

11

11 %

10%

11 Va

10%

11%

10%

11%

11

11%

*3iy2

31%

31%

31%

31V4

31%

31%

32

50'A

49y4

50%

49%

50

49%

50

21

20%

20%

20%

20 7

*58

64

*58

64

50
20%
*58

31%
50

31%

*49 y4
20%

11%
23%

*11%
23%

11%
23%

11%
*23%

11%

11%

11%

11%

11%

11%

11%

1,200

24

24

24%

25%

25 3

b

25%

26

1.600

* 13%

14

14

14

14

14

*13%

-14%

*13%

14

23%

.24
41
45

23
41

24

**24%

*23%

24 K

23 Va'

23'A

1,700

41

41

*40%

41

40%

40%

1.400

44%

24
41
45

45%

44%

45

45

45

13%

14 Va

14

14%

14%

14%

\

14 VB

14%

2,100

16%

16%

16'A

16%

1

16%

16%

12,700

9,100

Denver & Rio Grande West RR

19%

Dec

25% May
20% Dec

44 %

Dec

27% Mar

20

Apr

59

62%

58

Jan

10% Feb

11

6% May

Aug

14% Feb

Oct

13% July

10% May

11

32% Mar 16

39% July 15

Escrow

ctfs

for

58

Escrow

Ctfs

for

9

Detroit Edison

6

60% Jan

Detroit Hillsdale & S W RR Co—100

9

13% May 24

17%

Jan

26%

Oct

22 ya Mar 18

26

Jun

1

16

Oct

22

Jan

12% Aug 25

16% Jan

10

28% Jun

20% May

31%

Feb

22% Feb

35%

Apr

47

Jan

33% Mar 12

42% Nov

50

Jan

38

Feb

13

46% July 29

17%

Dec

24%

Feb

13% Oct

19

11% May

18'A

Jan

13

19% May 26
Xl9% May 21

15% Dec

19%

Oct

14 % Mar 12

20% Oct

25

May

40%

Sep

26% Sep

28

41

Jun

49

May

55%

Oct

47

19

56

Apr 21

,

-

21

Mar 17

Oct

46

2

Jun

10

19
2

19% Dec

34

Feb

13% Sep

20

23

Jan

5

28% May
16% May

39%

Oct

29

Feb

13

40

Jun

16

Feb

24

21%

45% May

76

15
22

May
115% Dec
92% Dec

Dec

21

Jan

98% Feb

83

Jan * 2

6

31% Jun

Chemical

21

11

20

July 16
May 15

Dunhill

17%

Nov

12% Mar 11

18

May 20

Duplan

197

July

129% Aug

107%

Sep

110% Sep

115% Jun

Dec

19% Mar

Mar 18

164

113% Jan

28

Feb

11

94

111% Aug 24
12% Oct
1

98

188% July

124% Jun

9

2

*48%

No par

24%

24y2

*92%
*13%

15

*15%

series

15%

172 -

series

$3.50

Duquesne Light 5%
Cigar Corp

DWG

117%

*95%

No par

'

172%

117%

No par

96%

*113% 115
*12%
15

1st pfd—.—100
5

$ per share

Lowest

t per share

19

18%

18%

*30

31

30%

30%

31

31%

47

47

47%

47%

48

48

14

*13%

13%

13%

13%

1,000

36%

36 VB

35%

36 >A

2.500

20%

20%

xl9

_

3,600
4,100
170

13%

13%

13%

13%

13%

13%

607/8

60

60%

60

60%

59%

60%

4.000

49

48%

49%

49%

49%

49%

50%

12,600

1003/4

*100%

100%

100%

100%

200

106%

105%

105%

106 Vb

106%

4,600

24%

24%

25%

9,600

93%

*91%

16

*14%

48%
100%

' 48%

92%
13%

15

15%

*15%

36'/a

*100%
105

24%

*12%.

24

93%

*91%

16

*14%

15%

15%

15'A

15%

173%

174%

174%

175%

*117%

96%

*12%

13

119

96%
115

*114

13

*117%
96%
*114

12%

119

116

16

300

179%

176

200

15%

13,700
100

119

*117%

700

96%

96%
*114

116
300

12%

12%

12%

100

94

15%

96%

8.100

HIGH SALE PRICES

Wednesday
Oct. 20

Oct. 19

$ per share

$ per share

tper share

25

*14%

Tuesday

Oct. 18

36%

*91%

15

15%

172% 173%
*117V2 119
96
96'A
*114
115

171% 1727/a
*117% 119
*96
96%
*114
115
*12%
13

$ per share

*13%

100% 100%
104 Vb 105%
24%
24%
*91% 93%

105
25

Oct. 16
Par

800

59%

*13%

LOW AND

t per share

400

60%

47

Monday

EXCHANGE

64

36
13%

Saturday

NEW YORK STOCK

Range since Jan. 1
Highest

Highest

7,100

36
14

92%
13%
*15'A

94

1

2,100

20%

47
14
36
14

48%
*100y8
104%
24%

104% 104%

100

t

7,600

51%

*58

64

*58

33%

50

14

14%
59%
48y2
100%

*100

No par
common—i.
50c

31%
20%

8

59%

13%

15

*29%

STOCKS

Year 1947

I per share

30V4
*46

No par

$4.50

Range for Previous
Lowest

20%
31

Du Pont de Nem (E I) & Co com—20

Preferred

22

16

20%

No par

Corp

-Preferred

Jun

15%

35y2

preferred-.

conv

3

15% Jan

15%

20%
31 'A
47%
13%

35%
14%
59'A

International—

17

99"% Jun
116

3%%

15%

*13%

common

Industries

Dresser

12% Feb

*44%

20
*29'A
47%
13%
35%

No par

Co

$4 preferred series A
$3.25 2nd preferred

Feb

yf

14 %

15%

5

Corp..-

Ltd

Dome Mines

19

14 %

20
31
47 Va

No par

Pepper Co

Doehler-Jarvis

Douglas Aircraft

106% Oct

*44%

14 V8

15%

No par

Dow

106% Jun

^

45

20

No par

A

15

6

173

Dr.

40%

64

*58

64

2

Ltd

Dixie Cup Co common
Class

14%

'**»

41

20%

1

22

13

23

2

Corp

50 % Oct

Feb

;

Divco

*>*23
**40'A
*44%

24

25

preferred

Diamond T Motor Car Co

19

Feb

Dec

partic

14

No par

common

Distill Corp-Seagrams

67% Apr

97

May

6%

Match

2

90

10% May
14% Nov

Diamond

*13%

12.50

Devoe & Raynolds class A

13% Oct 22

Oct

80

1
5

:

20%

20%

11%
23%

1

Corp

32% Feb 20

104%

14

Steel

Vilbiss Co

47% Jan

91%

Dec

Detroit
De

Jan

98% Dec

Sep

20

Detroit-Michigan Stove Co

Jun
>

42% July
114% Feb

36 y8

com

pfd

July 15
21% May 17

Oct. 'i'i

Oct. 21

the Week

Shares

f per share

Sper share

for

Sales

Friday

Thursday

E
19%

Jan

25% Aug

16

Nov

24%

Apr

19% Sep 20
13% Oct 11

51

Jan

14% Oct

14% Dec
42% May
163

48% July

38 % Feb

1

10

Dec

198%

Oct

42% May

57%

Dec

47% Feb 28

25%

Feb

16% Oct

18%

Dec

88

Dec

15% Aug

109

157

Feb

Sep 27

82

Mar

27%

Feb

12% Oct

Dec

111%

Feb

98

4% May
50% May

8%

Feb

65%

Feb

104

"

10% May
33% May

8

13.

Sep 17

5% Jan
43

Feb

5

20

Eagle-Picher Co
Eastern Airlines Inc—

46% May 15

Eastman Kodak Co

175

Jun

69 % Oct

17
22

2
12

56

Jun

1

Feb

11

Feb

13

16% Oct

21

Jan

32% Feb

19

37% Jun

10

Jan

1% Feb

11

2% May 24
23% July 7

13% Feb 11

Co

preferred

4%%
Elastic

21%

21%

22

15%

16

16%

16%

16%

22,200

16%

18%

18

18%

18'A

19 VB

16%

18%

4,800

43%

43 V«

43%

12,300

*160'A

161 %

43%
*159

161%
*64%
65%

*16%

*91
*12%

*98
*6%
47%

5

65%

43%

43

43%

42%

161 %

*159

161%

*159

161%

>160%

161%

66 %

67

67%

68

68%

67%

68%

94

12%

13

17

*98

17

*91

94

13

49

13%

13

100

7

49%

*49

48%

49

48%

48%

48'A

49

3,100

16

16%

16%

16%

16%

16%

4,200

'*35%

16%

16 Vb

16 %

15%

*35%

36%

35%

35%

35%

35%

*35 %

35%

35%

35%

1%

1%

1%

1%

1%

1%

1%

1%

*1%

1%

1%

1%

3,400

22%

23'A

23%

19,700

22
22
158% 159%
*139
141%
*51
51%

22 %

23%

160

161

161

161

161%

161%

163

166

141%

142%

142%

143%

143%

144

144%

145%

51%

51%

51%

52

52

52

51%

51%

15%

15%

*15

23%

23%

23

23

65

*62

65

49

*47

49

*47

49

No par

Electric Power & Light com__No par
$7 preferred
No par

22%

22%

22%

22%

Feb

10

166

Feb

123% Feb

11

145% Oct 21

47

Jan

57%

Oct

49 % Feb

10

56% Jan

9

preferred
Electric Storage Battery

15%

Dec

24% Mar

14

28

17

6

Elgin National Watch Co

15

*15%

15%

*14%

15%

15

15

10

*23%

24

*23 %

23%

23%

23%

*61

63%

*61%

63

"47

*47

49

46% May
9% May

Sep
21% Sep
58% Sep
45
Aug

Dec

102

May

27% Jun 14

Elliott Co

28
19

74% Jun 14

5%%

49

59%

Oct

55% Feb

17

Dec

12% Feb 11

13

19%

Jan

12% Jan

38

Apr

x29% Jan 22

107

Mar

3% Dec
8%

Dec

4%

97

Dec

Feb

4% Jan

2

27
5

Feb

9% Feb

11

47% May

67

Feb

50% Feb

11

63

85

Mar

Nov

7% May
17% Dec
10% Nov
32 Vb

May

x6%

Dec

12%

13%

59

Sep 14

Feb

4% Oct ,11

24%

Feb

25%

Jan

13% Sep 20
7% Mar 17

50%

Oct

36% Sep 29

13% Aug

5

$6

28

9% Mar 18

11%

27% May

Jan

21

Sep 13

Oct

preferred

3

20% July
15% July

6

Emerson

9
16% Aug 27

Emerson

34

8

76

104

Jun

Jan

Jun 10

5% Oct

22

14

20% May 17
11% Jan
5

25%

Jan

60

Jan

40% Mar

31%

Feb

26% Mar 17

For-footnotes

see

page "26.




9

*16%

17

16%
12%

13

17

2,600

12%

13%

13

13%

3,500

16 %

1,600

J 2%

Eureka Williams Corp
Evans

Products

Eversharp

Co

Inc

*4%

Ex-Cell-O Corp
Exchange Buffet Corp

64% Jun 10

Fairbanks j!iforse & C<L_j-LlNo par*-

24

FaJard61S*u¥ar"Co^6f FoftpTlIcdJl20r"~TO

39

~-Cf

%

'

32 Vb

16

32%
101

157/a

15%

58

58

58

58%

58%

66

*61

66

*61 'A

5

5

5

9

39%

'

<

<

29%'"

5%

,

14%

14%

9%

8%
38%

39%

*5

6

14%
9

38%

5%

*14
9

38%
*5

14%
9

39'A

5%

5Vb
14%

66

5%
15%

59%

59
*61 %

5%

2,500

15%

15%

87/b

9 Vb

87 a

9

39%

39%

40

5%

1,000

66

5 Vb

38%
*5

12,800
10,700

1,200
r

7,100

1,600

5%

*5

-'.in.

nv-

.

..

5%

150

15%

58

15%

1,600

5%

*61

15%

32
100

5%

65

15%

32

100

5%

58

15%

*15%

5%

15 %

*5

'*'£*45141 45%
29%

5%

15%
100

15%

14 Va

6

*5

5%

102

5%

4%

5
14'A

9'A
39

*9

5%

-

58

15

*14%

1
3
2,50

33

*100

102

5%

16

*32%

15%

65

5
5

*100

101

15%
.

5%

58 %

*60

700

16%

13%

*60

15
*58

70

16%

16

100
50

200
.

69 %

13

32%

No par

•

16%

15%

common

800

65

17

32%

preferred series A
Pittsburgh RR Co—

24

13

15%

RR

200

24
*63

16%

32%

5%

1,000

15%

*15

69%

15%

5%

3,700

51%

16%

32%

*5%

70

1,300

147

69%

12%

100

69%

165

51 %

16%

16%

32%

100

15%

165
*146

*68%

70

15%

101

22%

300

36

70

12%

49% May 3
7% Mar 30

* Apr 23

*68%

63 %

*47

49

323/a

Erie &

Jan

*68%

4

*

64%

63%
*47

*15%

Erie

9

3

49
69%

5

16% July 12
65% July 15

14

,

50

Electric Mfg Co
Radio & Phonograph

F%
o:,
May

_50

Empire District Electric Co__
10
Endicott Johnson Corp common—25
4% preferred
100
Equitable Office Bldg
1

68% Apr

'

44

No par

common

conv

,

No par

5% preferred
El Paso Natural Gas

6

1,300

*16

3

preferred

Elec & Mus Ind Amer shares

156%

Oct

7%

7Vb

7

16%

Dec

'

100

*98

*98

Dec

139

400

1,900

13%

13%

13%
100

3.500

17
94

7

135%

July

13%

17

*91

16%
94

69%

68

100

145

171

13%

16%
*91

43

6%

*98

7

6%

7

48%

*16%

94

*98

13%
100

*6%

17

*91

17%

*91

100
7
47%

43'A

43%

*17

17

94

100
1

Nut

Electric Boat common
Convertible

21%

15

18

2.50

common

Co
Auto-Lite (The)

Electric

22

15%

16%

21%

21%

*159

100

preferred
Stop

21%

14 Vb

43%

5
10

100
4

Ekco Products Co

Jan

8% Jun 24

4%%

21%

14%
17 VB

13%

16% Jan
106

3%

Feb

Corp

common

preferred
Eaton Manufacturing

21%

13%
16%

*20%

1

6%

1,900

21%

14

10

Edison Bros Stores Inc common—1

16%

19%

Eastern Stainless Steel

19% May 17
92% Jun
1

39 %

2

Sep
11% May

6

25% May 27
20% May 18
22% Jan
8

45%
-"29^/B

46%.. 46%

046 r-

29-%

■

"

30 —

30'A

46 % '

46%

46%

46%

46

30%

30%

30%

31

31

:

46%

1,800

32

5,900

-

Volume

COMMERCIAL

THE

Number 4745

168

NEW

YORK

Year 1947

Range since Jan. 1

-

t per share

$ per share.

$ per share

20

4% May
Dec

9%

32

Dec

42% Mar

23% July
14% Feb

16

22

Falstaff

16

Farnsworth

15% Oct

22

Fedders-Quigan Corp

Mar 11

28

207/8 Feb

10

3

Federal

Jun

19

Apr
Dec

107%

Jun

90

Feb

9

99% Jun

15

20

Dec

26%

Feb

20

Feb

10

24% Sep

7

May

26%

Jan

18% Mar 17

26% Jun

9

46% May
42 % Jun

59%

Feb

53 % Feb

28

69% Oct
53

20 %

Feb

43

Feb

11

Sep

107 V2

Aug

104

Feb

14

51% May
14% May

62%

Dec

49% Mar 16

21%

Jan

14% Feb

20"

104

61

24

May

39%

Oct

30

Sep

27

99

Dec

110%

Feb

97% Oct

7

May

41%

Jan

30

Feb

26

13% Feb

30
13

Dec

18

May

14%

17%

Jan

24

Aug

Jan

40%

9

May

15%

Feb

91

Dec

19 %

May
23% May

32%

Dec

26%

Jan

22

25%

Jan

Nov

22

Jan

10

Dec

39

Jan

77

Dec

Feb

54%

18%

18%

18%

18%

18'%

18%

32%

33'%

33

331%

•'97%

98%

98%

98%

34%

34%

34%

*34

42% Jun
X104

14

May 27

Firth

300
300

23%

48%

23%

24%

24%

24%

24%

24%

24%

24%

65

a

65

66

67

69

68 %

69%

68

68%

1,200
3,200
2,900

48%1

:

48%

105

48%

105

48%

49%

*48%

49 Va

*104%

105

105 Va

*104%

105 %

55

49 Va

49%

104%

104%

55

54 Va

54%

800

18%

55

18%

19

%

2,400
5,900

200

33 %

—-7%

*14%
14%

14 %
14%

14Vt»

14%

No par

*14%

14%

*14%

14%

*14'%

14%

14%

14%

14%

14%

600

10

29%

29%

30%

30%

30 %

30%

30%

•30 Va

30%

30%

30%

31%

9,800

Stores Inc————_—1

10%

10%

10%

10%

11

11

11%

11%

*11%

11%

11%

12

4,000

34%

35%

35

35

35%

35%

Power

Corp

Florsheim Shoe class A

Steel

Follansbee
Food Fair
Food

Corp

Machinery

Corp

;_10

com

conv pfd
preferred

3%%
3%%

18%
32%

Francisco

Franklin Stores Corp

Freeport

Sulphur

No par
1
—10

Co

Froedtert Grain & Malting

5

Fruehauf

74

84

4

4%

96%
88%

*42%

Co Inc.l

Co

1

common

77

'

14

35

*94

96%

*18%

32%

33%

32%

33

32%

33%

*97%

96

18%

98%

97%

97%

*97%

98%

50

34%

34%

34%

34 "2

34%

500

14%

*94

14 Va

96

14%

*94

14%

14 Va

3,700

*'■

36%

35%

9,800

96

*.93'/2

88

88

87

88%

86%

88

86%

87

86%

86%

32%

33

32%

33%

33%

34%

34%

34%

34%

35

4,100

23%
12%

23%

24

590

12 'A

12%

*23

23%

*23

23%

23%

23%

23 'A

13

13

*12%

12%

12%

12%

*12 Va

*8%

8%

43%

44%

*8%

8%

43%

43%
11%

*11

11

*23

100

Trailer

preferred

34%

43%

11

14%

v95>:-'

*31%
32%
23% ' 23%
*12Va
12%
*8%
9

common.—10
6% prior preferred—.
25
Co

14 %

34%

*95
88%

Corp

Sugar

33

*34%

-

100
—100.

10

Aug

4,700

94%
23

33%

16% May 21
22

28%

94%'

*34

Foster-Wheeler

47% Oct

27%

27%

No par

:

38% May 21
25% Jan
5

May 15

1,000

98%

Florida

47% Jun 14

*22%

1,100

7%

*97%

Florence Stove Co„.

12% May 24

*55

Carpet Co

36% May 26
24

*104%

23

19%

7%

,

No par
Flintkote Co (The) common.-No par
$4 preferred
No par
(The)

12% May 18

Sep 28

'

*54Va

17% Mar 12

103% Mar

*22%

54%

48

100
No par

24% Jan

18

22%

55

13

187/a

95

22%

55

21

11%

27%
95

104%

com—_25

Rubber

&

600

23

105
55%

Tire

37%

19

7%

94%

Firestone

preferred

37%

18%

7%

27 7'a

7

4%%

37%

18%

27%

29

First National Stores-

*36%

7%

Jun

59% July 12
20% Aug
9

18,300

18%

107% Jun

23 7

19,100

94%

941%

94%
*22%

6%
15%

37

641/a

Mfg Co
Ferro Enamel Corp

6%
15 Va

7%

65
48%

preferred
Tarrant

&

1,600

6%
15%

18%
•■•':

*64%

4%%
Felt

27%'

6%

36%

7% V 7%
27%
28%

Fidelity Phen Fire Ins N. Y—_10

Sep

'50% Feb

7%

21

Jun

36 % May

18%

7%

23

90

Mar 16

37

*18

'18

8

28V2

105

11% Sep 27
8% Aug
9
35% Feb 13

*35%

18%

18%

*7%

27

Shares

14%

15

95%

7

27

36

37

*18

the Week

27 Va

6%

6%
14%

23

3

24% Feb

12 V4 May

24

36

*36

6%

28%

6

•

15

95

12

Oct

6%

14%

5

—No par

Dept Stores

6 Va

14%

for

Sales

Oct. 2i
S per share

27

27

27

6%

14%

2

-

27

6%
14%

22%
23%

15% Jun

Feb

26%

26

6%

14%

Friday

Oct. 21

$ per share

$ per share

share

95

40% Jan

Feb

25 %

Thursday

Oct. 20

28%

21% Jan

86

$ per

25

Wednesday

95

23

89

—l..

Motor Truck

19

PRICES

SALE

28%

11

33

lio" July

tper share

25

1

1

Mining & Smelting Co

Federal-Mogul Corp
Federated

t per share

Televis'n & Rad Corp—1

HIGH

AND

Tuesday
Oct. 11)

*22%
23%

21

9% Mar 17

Corp

•

5
—-—1

13% Sep

% Feb

Oct. 18

com__No par
—100

23

Dec

Brewing

Federal

20% May 22
12 y8 May 18
31% May 14

43

97%

■28% July

Par

27% Oct

7% Sep

Monday

Oct. 16

.

11% Jun

35 % Feb

Dec

9% May

;

.

4

11

May

16 Ye

share

14

Feb

11

Saturday

EXCHANGE

20

Apr

5% Mar

Feb

14%

11 %

$ per

LOW

STOCK

NEW YORK

Highest

Lowest

Highest

Lowest

j

(1703)

STOCK,* RECORD

—^—i

*■

CHRONICLE

STOCKS

Range for Previous

.

&: FINANCIAL

23%

23%

23%

77

77%

*11

77%

*11

23 %

23%

9

46%

11%

*8%
■

46%

*11

11%

180
400

700

9

46%

300

47%

*11

3,600

11%

200

.

23%

23%

23%

23%

24%

16,900

77%

23Va
*76

77%

9

46

44%

11%

*76

9

9

,

96

77%

77%

76%

76%

120

7%

2,300

7%

6,400

G
8%

Dec

17%

Feb

10%

Oct

27

Jan

17% Sep

23

20

Jan

5

10% Sep

Jun

IOV4 May 21
10'A May 22

21

5% May

18%

6% Sep
6% Sep

27

12

Aug

19

42

12% May
14% May

,

17% Feb

9

5% Feb

11

Feb

43%

27

Feb

23%

30

Jan

5

Dec

18% Feb

13

16

Oct

11% Feb

13

109

Jan

99% Mar 24

Oct

49% Oct

Apr

58%

Dec

9%

17% Oct

102

Oct

Dec

13%

149% Dec

Gardner-Denver

May 20

26% May
4
18 V4 May 15
105% Jun

30

63% May 15

100% Jan

6

87/a Feb

28

11% July 13

1

159i: Jun r 1

Feb

185

21

45

146

July

Apr

106

May 12

Jan

9% Mar 17

14V4 May

8

May

14%

Feb

9% Feb

11

15

July 14

Apr
Sep

83 Va

July

72% Sep

23

82

Jun

37

47%

Feb

32V2 Sep

23V2

Dec

33

Feb

18% Sep

27
24

24

Jan

2

160

Jan

126% Sep

Jan

28

Dec

May

34%
87

39% Feb

V

Dec

45%

'

Dec

131'A
X122

21

44% July 15

Wood

4%%
General

General

Jan
Dec

129

Dec

107 Va

13% May

19%

18%

Oct

13%

Dec

65%

$8

Baking

•General

4%

1st

4%

8

Jun

2

13V*Jun

17

96

52% Oct 22

7%

2

5%

108

3

3%%

Jun

$ per

share

65

Sep

93% Fdb

17

99% Jun

14

Jan

12% Mar 17

17 V4 Jun

10

Gen

16% Feb

11

24% Oct

22

General

13 % Sep

28

2% Feb

13

18% May 27
4% May 21

Feb
Feb

Jan

11% Jan 22
21

Sep .27

120

Sep 15
4% Mar 11

15% Jup 24
May 18
128% Jan 29
6% May 24
29

101 %

Apr

124 %

Jan

110% Feb

13

26%

Dec

357/8

Jan

19%

Apr

30

Feb

95

Dec

106

23% Aug 11
22% Feb 11
98% Apr

Apr
40% Feb
,

22

*88Va

*75

128J/4

*127

92

*88 J/8

10%

*10 J/8

IO1/4

*49

49%

121

*120'A

121

*101

102

*100%

101%

12

8
29% May 18

30'/a May

6
15
17

General

Gen

4%%

39V4 May 21
96% Jun
2

Gillette

25

Glmbel

79

30

85% Jun

Apr

20% Sep 27
48% Feb 27

Sep

4

Jun

124

Oct

113

Mar

May 15
3

28

May 18

55 %

July

6

$5

preferred
Glidden Co (The)

Gold & Stock Telegraph

18% Sep

24% May 17

Goodall-Sanford

64% Oct

20

Goodrich

103 % Aug

11

49% Oct

22

96% Mar 18

105 % Oct

4

Jan

16% Feb

11

23% Jun

14

3% Sep 27

5% Jan

2

8% Apr

23

5

Co

92

92

92

10

10'A

52%

52%

9%

10

51

52 A

•52

121

120%

120%

*120Va

121

310

103

105

105 >

*103

k

110

300

;

8Va

May

5%

Oct

8% Mar

Dec

v,

*120

A

3%
13V4

221/4

123

*120

95

95

941/4

.94%

14%

14%

15%

15

15

15

15

24%

241/4

24%

*24

24%

24

24%

3,700

14%

14%

14%

14%

14%

15

2,400

*25%

*126

3%

13%

::> 13%

22

♦120

123

3%

*27%

26

26

*3%

3%

v:

-28%

26

26V4

26 Va

128

127'A

13%

13%

16,200

23

23%

3,100

120

*120 Va

-

5% Feb

29

29%

1,900

26%

27

26%

27

2,100

128

127'A

127%

620

5

17

25%

25%

25%

25Va

25%

25'A

25%

25%

25%

3,800

27

26'A

26V4

26%

26%

27

27%

28

28

1,100

103

*1011/2

103

*101%

25J/4

*101%

103

*101%

103

*101%

103

20

Grand

Oct

22

Granite

33

Jan

24

Feb

16

31

May 26

Mar

90

Feb

26

99

Jun

15

14V4 Sep

2

>

90

Dec

9

May

14%

Feb

Dec

37%

Feb

28
12

107

9% Mar 16
29

Mar 27

40

July 14

17

Sep

12% Jan

34% May

49%

Feb

36% Feb

11

15% May 21
50% May 15

20

Dec

277/a Mar

191/2 Sep

27

23 Va Jun

1

133

Dec

Feb

27

145% Jun

17

Dec

59

163%
70

May

29%
14 %

Oct
Dec

•

Jan

132

Feb

19

60

Apr 10
29% Feb 21

35% Aug
21% Mar

77

Union

25 Va

25

25%

25%

25%

25%

82

*78

82

*78

82

82

82

*80

82

82

82

130

*74

77

*74

77

*74

77

*74

77

*74

77

75

75

200

32%

24%

33%

33

92

*90%

19%

20

19%

83

*79

1.

20%

No par

*79

20%

*48

25'A

33Va
90%

90%

20V8
83

20%

50

6

19%

19%

62

62%
*100%

19%-

*79.

83

21%

21%

22%

22

50 Va

50'%

*48

50 (A

5%

5%

5%

*119

19%

19%

62%.

63

1011/2

*79

22'A

50%

5%

*100%

122

123

*120

100

6'/a

8,500

123

*120

19'/a

19

64%

64'%

.'"■:

100%

*100

Grant

(W T)

3%%

48%

48%

48%

49

48 %

48%

48%

49%

8,200

102%

102'%

101%

102

101'A

101%

1011/2

101%

1,100

20%

*20%

21%

20%

20%

20%

20%

3%

3%

3%

3%

3%

3%

3%

20

$2.25

July

92

12

Dec

105%
8%

Jan

95

6 V8 May
31% May

14%

Feb

51

Dec

57%

Apr

76%

13%

Dec

32%

Dec

21'A

21

98

Jun

4

25% July 12
9

Jun

14

> ' *37

14'%
44Va
20

-100

Co Inc

Tap & Die

Corp..No par

4%%

Aircraft

Guantanamo

23
16

$5

Dec

57% Feb

10

81

21

Gulf

16%

Sep

14

Dec

39

Jan

—

—

$5

conv

Sugar

14 Va

11 Va

*135

*71

35%

14 Va

136%
•".

36%

11 Va

—.100

,*93%

Corp.._—.10

21%

1

*6%

No par

*94%

common..

preferred

<

14%

*135

76

*71

36%

11

.15

*14.%

v./

94%
22

*93%

21%

6%

6%

11

9,400

91 '/a

251/4
*

.A; V

25%

90 Va

V \

V9iVa

14

14

14

14

38

*37

70

1,700
V;"'

.

14%

14V4

14%

14%

15V;V/k:

43%

44

43%

44%

44%

45

19%

:

20

19%

20

19%

20%;:

135
.

2,300

;■/ ;

38

-

14%
•■

136%
76

2,100
1,000

.35

.

*37

38

*37

38

*90%

7Va
18

33%

135

135

134

*71

76

*71

4,700

76::

38

*37

38

*71

371/4

3,700

^

135

135
76

.

'

3,400
h

60

.

•1,900

371/4

37

lS.i/4

.

38

11 Va

14%

14%

:?.V 14%

:iv *141/2

15%

700

11 Va

11%

11 Va

11%

11%

11%

29,300

14%,

*94%

16

16'/a

16%

*54

55

54

94%

93%

94

94%94%

130

21%

22%

2IV4

22

20%

21%

7,800

*6%

6%

95

*93%

21%
<5%

6%

6%

6%

6%

6%

600

*93%

22

16

%

21%

94%

com.No par

54

preferred

95

*94%
16Va

94

95

*94%

*94%

95

6%
95

*94%

95

16%

16%

17 Va

16%

17%

17%

17%

55

54%

54%

53'A

54%

53%

14,900
1,100

73%

73%

73Va

74%

74%

74%

74

74%

73

73%

73%

75%

17,900

No par

Gulf States Utilities Co

54%

___25

A

Corp

37 .'••

.

11%

.No par

Gulf Mobile & Ohio RR
Oil

..

76

35%
*

19%

1361/2

„;.*7i

38

*37

,7%

;

preferred.

Grumman

*135

3

(The)—

;

19%

19%

1

Common!.

58% Jun

9

13%

19%

20% Jun

18% July

911%

43%

7

2

25»A

13%

*14V4

10

Jan

25

91%

13 Va

20

11

Jun

24%
91 Va

13%

14%

Feb

July 21

24%
*90 Va

13%,

43%

Feb

97

24%
91 Va

13 V2

18

13,800

*17%

.

25'A

24%.
*90 Va

13%

14%

Corp

25

24%
90%

,

1,600

3%

3%

33%

13%

43%

Greenfield

18

32%

24%

38

7'A

6%

18

33%

21%

,: 21

3%

17%

:•-, 90%

14%

12% Feb
44

0

1

*37

3%

33

/

5

44

L)

6%

*6%

6%

*4.3%

(H

16

6%

*14'A

Green

13% May 17

85

'

33%

6% pfd
—No par
com—No par
7%, preferred ——100

9

17% May 17

9

17%

33Va

6%

Gt Northern Ry

40% Jun

5

5% Mar

17%

33'A

Bay & Western RR

24

181/4 Aug 11

17%

32%

Great Western Sugar
Green

91% Apr

Feb

4% May
78
May

•v

6%

*17%

No par
Gt Northern Iron Ore Prop__No par

27

Feb

10

6%
17%

100

Jan

13% Sep

Dec

.

32%

pfd

conv

Greyhound
9

3%
*6%

com

100

48%

102%

32'A

Co common.

2.400

5,300

48%

*17%

preferred

19

101%

102%

5

Grayson-Robinson Stores

A

64

18%

63%

64%

100%

123

48%

10

new

5,100

50%

6

102%

—No par

P

22%

22'A;

48%

1

(The)

,

102%

No par

City Steel

81

*50

101'%

63%.

♦100%

100

15,200

6

5%
*120

19V4

19

19%

63%'
1011/2

5,500

92
20

19%

81

*79

81

■;

*90

19%

1,200

34%

34

33%
92

19'A

2lVa
Va

*118% .122

101%

19%

19'A

33%
*90

92

*90

25V2

*48V2

6

121

19%

*79

21

*48

5%

*118

19%

33%

33'/a

33'A

92

50'A

5%

25

331/4

*90%

10

com

_

Co

103

25%

*78

5

Inc

(B F)

Consol M S &

Oct

35

3,300

*25

Co__—_ 100

Hosiery

Granby

18

11

-

100

Graham-Paige Motors

Feb

.L 30

A

5 Va

28%

4%

*26'A

25 J/4

*101 Va

1

preferred

15 V4 Aug £0

123

5

28

<

-

27

25 %
*26

61 Va

18

4,500

13%

*127%

*28Va

1271/4

900

22%

120

5i/a

28

127V4

1,400

13%

123

5

1,000

4

3%

3%

48,700

120

120

22

13%

*120

.

-

14%

-22 Vi

22

rrU'Sii'

27%
126

126

127%

3%

131/2

51/4

5

Shares

64%

94 Va

22

,

123

26%

t

63%

14%

13

221/4

the Week

$ per share

$ per share

$ per share

for

Sales

Oct. H

24'A

3%

3%
13%
22

Oct. 21

941/2

14%

*3%,

Friday

Thursday

Oct. 20

95

14%

21 Va

PRICES

Wednesday

63%

14%

i 13%.

SALE

120%

24'A

*100%

Oct

1,900

63%

24%

No par

21%

12% May
23% Dec

2,900
,

120%

*141/2

,

HIGH

(

3

100

-

IOV4

63%

24'A

preferred-;
—No par
Goodyear Tire & Rub com—No par
Gotham

10,700

120 Va

24V4

*25 Va

$5

$5

39

63'A

14%

27 %

No par
50

com

22

38% Mar 17

'

No par

121% Apr

94V4 Mar 11

38'A

120 Va

14%

No par

MarlO

47 % Mar 16

38%

*88%

31,100

63%

*141/2

5'/a

!

preferred

Feb

100

42

120%

63

14%

27 %

Goebel Brewing Co

Feb

v

t.

$ per share

63 Va

94%

5%

i

$4.50

July

500

41 Va

5

preference

conv

126%

.:

100

22

Feb

*14%

20

Brothers common

4%%

126%

1,900

102

49%

AND

94%

*26%

com

6% Oct

Aug

95%

Safety Razor com—No par

conv

270

36%
20%

10

Tuesday

120%

1

1

30

*94%

62%
*120

No par

Gen Tire & Rubber Co

>

Va

49%

\

Oct. 19

120%
94%

No par

Corp com.—No par
preferred
100

78

36..,
20

120 Va

101/4

•;

6,300

41 Va

x38

92

*88 Va

92

12V4

761/4

127

40%

38%

900

11%

.'V

12%

20%

127

41 Va

4,500

158%

12 Va

37

201/4

128%

&

t per share

62%
120%

Instr

13

Apr 26

62%

No par

Telephone Corp

Time

*35V4

2OV4

40%
37%

102

Oct. 18

t per share

Co..—1

$6 pfd—No par

77

36

128%

120

Monday

*119%

No par

-A—-—-—100

77

77

36

*20

200

10%

lO'/a
*157

12

100

2,100

103

v?-■-

Oct. 16

Refractories

IOV4

4,600

50%

,

*100%

158%

11%

*75

•120'A

.

10 Va
*157

12Va

■>

*101

■

102%

1,700

17
104

50

12 Va

38V4

49%

>.

'

*120Vi

50%

600

20%

16%
104

12 Va

40 "Va

101/8

17

121/4

20V4
1281/2

*88'/a

Saturday

Corp——

300

37

20%

20%
104

X12V4

36

38

50

50

37

37

11%

40%

'

92

*10'A

10c

General Shoe Corp
Gen Steel Castings

14

Nov

24

381/a

.

*20

LOW

preferred

17% Feb

Feb

13% May

6%

General

27% Feb
90

7

61%

38

38

Gen Realty & Utilities-^-.——10c

Jan

109

38

preferred

58

Dec

41

STOCK

Utilities

3%%

51% May
5% May

Dec

40 '/a

(

Feb V

33

128'A

40 %

74'A

40Va

Service

Public

82% May 19

Dec

41 Va

Public

Gen

23

36%

71%

128%

Cement

14

July

101% Oct

Gen

72% Jan

105% Jan

106

*127

preferred

Feb

:

*20

Gen Railway Signal com

4%%

98

26 Va

77

36

20'A

Gen Precision Equip Corp

May 12

Nov

Dec

2

130

Portland

Jun

81

Dec

'

35%

Advertising

6,500

*100%

103
10 '/a

74J/4

100

100

7%

49%

158V2

35 J/2

J

18%

7%

20%

50%

10

74 >/4

.—_1

16 'A

18%

7%

16%

*157

36

.—No par

*15%

18%

*103

9%

V 2OV4

No par
No par

16'A

*36'A

1581%

*34

4

Outdoor

30

82

103

9%
*157

158%

*20

com

400

44%

7%

17

*100Va

*73

$5

90

Jan

Dec

9%

102

50
com—No par

-L+—100

YORK

20

108

30

*157

102

12

No par

600

44%

161/4

104

50%

50%

11%

preferred

Oct

Dec

Dec

9%

9%
158%

50%

11%

„

11 Va

45%

*18

201/2

16%
*103

100

Aug 11

85

May

9%

20%

16%
103

11%

Co

100

11 Va
'

37

37

20%

16%

*157

Motors Corp com
10
preferred—
No par
Preferred $3.75 series——No par

1

31% Jan

17% May

5

18

*44%

7%

7%

37

102%

102

General

24

50% Mar 16
119

13

21% May

16 J/2

103'A

102

Par

Jun

Feb

16%

103'%

103

$ per share

May

J

16 %

*101%

EXCHANGE

125% Jun

140
,

*36'A
20%

20%

20 Va

20%

.'V-v;';'--.■ ■

NEW

.

7

4%

37

7%

11%

preferred
conv

36 %

7'A

STOCKS

Range since Jan. 1
Highest

Feb

95

181/2

*18

7%

51

2nd preferred

Lowest

25

Dec

161/4'

16'A

19

11%

General Mills common—

128% Jun

Jan

Jun

*15%
*18

16'A

7 Va

No par
100

com

Corp
$3.50 preferred

10

36Va

49

16'A

18%

V

51

preferred

25

30% Jun

21

45%

51

Instrument Corp

2

Mar 13

11

99%

*44%

12Va

General

,

22 % Feb

104'%

45%

121/a

Foods

Oct

22%

*44%

12%

General

Feb

85

45'A

12 J/8

Jun

6%

90

11

12%

41

J Mar 19

29%

23 Va

11

*12Vi

preferred

conv

Feb

31% Feb

Oct

26

11'A

5

General Cigar Co Inc

Oct

16%

Dec

3% May
18'% May

♦11

103 %

*103

No par

Cable Corp,

26

May

125

11 J/4

*50%

common

Electric

97

Feb
Mar

Co

preferred

20% Dec

2% May
19

*11

5

General Bronze Corp

118% Feb

S per share

11%

ll'A

No par

General

Highest

517a

'

7'A
*17%

*18

37

*16%

100

7%

71/4
17%

*15%

7%

20%

com..1

$4.25 pfd series A

May 27

Year 1947

120%

1.66%

American Investors

$4.50 preferred
General Amer Transportation

7%

7'A
17%

7Va

7Va

-

'

*35%

Gaylord Container Corp

7 Va

18

45 >/4

19

7%

.50

7%

*17%

11 J/4

16

-

7%

.:

7Va
18

45%

*18

com—1

preferred

conv

Range for Previous

tper share

Inc

43

40% Feb 13

Feb

Lowest

v

16

No par

Co

7

7

*17%

7
*17 J%

11

*44Va

No par

(The)

Industries

144

9

July
Feb

3

Gar

■

94

50

10

88% Jan

Aug

% 54%

Dec

100

preferred

conv

7

7'/e
18

7%
18

11

5

com

7

7

6%

7

*17%

20

34

16% Mar

Dec

May

123

1

com—

31% Mar 11

;

Jan

103

Dec

10%
43

5%

6%

-1

(Robert)

preferred
Gamble-Skogmo Inc
Gamewell Co

16

9% May 20

18%

32

Inc

Co

6%

23V4 Jun

Dec

137

Gair

(The)

48% Aug 19
171/4 July 21

11

71

Gabriel Co

"

Nov

X101

12% Feb

9"%

14% May
10% May
48

.Sep 28

22% Dec

;

4% July
26% Aug

100

21

17%

17%

17%

177/a

17%

17%

17%

18

17%

18

18

18%

10,200

34%

34Vi

34

19%

20

19%
13%

34
20

*32%
19%

33%
19%

13%

*13%

13%

*54

H
14

Jun

191/4

—-

Feb

31

Feb

10

35% Oct

15

Hackensack

Water

19V2 Oct

14

22% Sep

15

Halliburton

Oil

12% Mar

9

For footnotes see page 26..




16% May 22
■'

Hall

(W F)
''

'r

25

*34

Well Cementing__5
Printing Co
—t
5
•''••

•''

•

35%

19%

19%

35%

*34

19%

13%J. .13%.i-13%

TTTTTTT '

'•/-;!.

TC'.'.

34

13%,-

vlio'v

10

-

.,

34

19%

-

20

20

13%,

13%

,13%

<<•'••'

"•'»•

13%

^

,
,

-;

400
7,200
700

Highest

Lowest

Lowest

Highest

$ per share

$ per share

EXCHANGE

;

19

Jan

13 %

Mar

87%

Dec

112

Feb

79

Mar 22

102 Va

share

89

Jan

12

107

Dec

108%

Sep

xl01% Feb

10

Jun

16

19 %

Apr

27%

Dec

21% Feb

24

27% Jun

9

148 V2

Oct

146% July 30

150% Jan

28

75Vj

3 4 % May

19

26

lUVi

Feb

100%

Dec

6

Oct

Jan
Apr

27
69
Aug 25
6% Feb 11

39%

6 Vi May

;

Jan

160

28 Va May

Feb

12

May

6% Feb

Jan

5

79

10% Jun

9%

Oct

Dec

35%

Jan

22

May

30%

Jan

21% Feb

90

Dec

103%

Apr

78

35

May

Feb

35% Apr

13

42

X95

Dec

108

July

95% Jan

23

103

49%

Nov

68

Jan

51% Feb

9

62

140 %

Dec

165

Jan

Sep

24

153

10

42%

139

14 % May

22%

Feb

14% Feb

50%

Sep

63

Feb

46

Dec

134

Mar

121

126

Dec

38
134

Sep

20

29%

Sep

Feb

Jun

Dec

10% Apr

Jun

33

Dec

28

Apr

x29 %

Nov

13% Aug 13

31%

Oct

Jan

2

Jun

1

Hinde

&

2

Hires

Co

3%</v

Holland

16 % May

17

Hollander (A) &

30% Jun

28

Jan

25

May

15% Feb

14
21

29% Oct

22

21

42% Feb

24

11

35Vi

Jan

48

Jun

32 Va Sep

30

Nov

36

Dec

26% Feb

19 7/8

Feb

12% Oct, 13

Dec

56

Feb

34 Va Sep

20

46% Jan

36

Oct

28Va Oct

5

34% Jan

2

19

94% Jun

44

%

105%

Dec

85

37% May

45 Va

28%

Dec

29

Feb

Vi

20

Dec

11

38% Jun

16'% Oct

14

23

Jan

3,1

47

20% Feb

33

38% Mar

31% May

48% Oct

21
10

Feb

3% Sep

29

Mar

8% Sep

28

14% May

20-

49% Oct

33

34% Jan

Feb

43%

May

.

12% May

21 Va

Oct

14% Mar 17

22% Jun

15% May

30

Jan

12

21

19

Feb

3

Mar 16

,5

7%

3% May

12 Vi

—

—

—

Sep

Sep

98

98;

59

*141

14

8

26

Corp
1
Hussman Refrigerator Co.—No par*

16

116

Highest

$ per share

$ per share

11

35% Jun

30% Apr

18% May

39% Aug
32% Dec

37% May

64 %

Dec

62 Va Feb

Aug

95% Mar 16

May

93

15

97

Jan
Jan

'

'

•

—u.—

24% Jan

22

37% July 12

26% Aug

'

■

11

30

*28

„

■.=.

13
.*36
,*29%

,

Dec

9% Feb

11

12% Jun

Jan

20% Feb

17

25 % Jun

10% Oct. 22

July

x35% May

50

Dec

39

Feb

66

Aug 11

Feb

150

Feb 40

•'

>1'.'

169

180%

Dec

*

Sep

28

23% May 15

92% Sep

28

16

Mar

3
May
9% May

Feb

■;

Sep

;';; f -j,'-

.'r""'

■

10

_

163

Dec

6

May

-

•.

'

26% Sep

.

34

25%

Dec
Dec

130% July
38% May
94 Vi

9

Dec

May

Dec'S

104

46%

37%

Oct

18

174 Va Jun

11

9 Vi Jun

Oct

Va

23% Feb

11

38% Jun

Feb

9

93

Jun

5

Feb

36%

Feb
Dec

137

24% Mar 16
135

34%

.

Oct

29

23 Va

28'%

107 %

Sep

86

16

Feb

116

Feb

76

Feb

13%-

13

13 Vi

'

37

*36

7% Oct

4

47%

48

47 Va

47%

33%

34 %

33 3

"":

*16%

17%

Oct

17%

Feb

9 '/a May

43

Mar

11% Sep
11% Sep

27

16% Jun

24

17%

Feb

19

Apr

26%

Feb

17% Mar

9

26% May 27

May

27%

Oct

22% Mar

1

35Vi: Jun

9% May

Jan

158

Aug

10%

*9%

11

49%

49 Va

49%

4.600

16%

17%

16%

17%

17Vi

17%

10.400

14 Vi

14

14

%

14

14

14

14

14%

14 Vi,

2,000

3

%

3 Vi

2,900

3%

3 Vi

3 Vi

xl3%

13%

13%

39% May 20

10

May 27

Jacobs

13%

Feb

6 Va Sep

27

Dec

2 4'/a

July

19% Jan

6

23'/a Jun

14

80%

Dec

Feb

82

May 15

92% Jan

30

Jan

39% Feb

89

Dec

104%

Sep

37

Jun

46 Va

Oct

90

Oct

99

18

Oct

34% July

20% Feb

19

;

.33% Jun

10

9.500
2.000

5

11

107'a

23%

23 7a

23 Va

23%

23%

23%

*66%

45%

45 Va

19

18%

8

7%

68

68%

68%

69'/a

70 %

*152

157

*152

45 V>.

46

46

46%

46 %

46%

46

19 VA

18-%

19

19

19

187«

19

19

8

'

8

8

16%

16%

97%
2%

146

143

2814

.

15%

15%

15%

28%

29%

160

161 %

15%
1457a

146

28%

29 VA

29

161%

160 %

161%

7%

7%

7 Va

7%

29%

29%

29%

*77

80 %

*136 V4

Jan

100

Feb

10

106

May 21

Dec

145

Jan

29

158

Jun

11

Joliet &

Chicago RR stamped—100/

Feb

29 Vi Mar 16

39% Oct

22

Jones &

Laughlin Steel com.aNo par

3%

3%

37a

3%

3%

3%

3%

1.600

32 Va

32 Va

3278

327a

33 Va

33 Vi

33%

34,500

*136%

137

*136%

136%

136%

60

59 %

597 a

59%

60

*95

76

77%
60

101%

Feb

83% Feb

93 Va Apr

16

5%

40%

Oct

31% Feb

100

60

•

*41 Va

j42%

60 %

60 Va

60%

*32

*34

60 ''a

60 Va
34

12

*12

22

"22

*29%

35

*34%

*6%

/ *45

>138

84

91

*90

'If
!;/%

ri-

;

160

36%

107%
32

:; 100 v.

*155

„

37%.

60 Vi

1,000

34

34

100

12%

12%

13

34,800

12%

12%

12%

22 Vi

22 Vi

22 Vi

22 3

a

22%

22 %

22%

30 Vi

30%

30%

*29%

30 Va

*29%

30%

300

34% >"

34

34 Va

33%

33%

34 %

3,100

*82%
*45

84

46

90%;

90

V.

>

*99

*155
37 %

38%

38 Vi"

107%;
32 jfy

37%

38 Vi

86%

•>;

*155

160

36 Vi

32

1

*99

100'/a

,-:%85%

*106

90% %

•

38% V

45

45

*90

32% v;160

38 Vi

=

M

46

*45

91

*90

.

"."'

•=.*45

31 Va

*90

38%

38%
33

X31%

■

*99

-

86

87

36 Vi

36%

39

38%

88

*863i

'"

35%

36%:.

300

2,000

100 Va
160

39%

387'a

63,909

88%

300

•36%

4,000

14 Vi

36%

36%

16,600

31%

*88

88

'

35%

40%

*155

39 Vi

80

111

*99

160

*155

160

38 3 i

10
100

91

30%

31%

100

V

45 %

-

*110

V 100%

*86%

38%;;

85

39%

39%
109

109

100%

*155

f

3,400

21 Va

*84

107

*99

100'/a

84%

91

107

109

21 '/a

■/ ".*84

84

600

7

6%
21%

*21

21%

1,000

143

*138

63i

6%

6%

6%

34

143

*138

143

*21

83%

46

*33%

34

*138

143

*138

84%

•-•36

f=

60

34

34%

143

36

.36

60%

8

12 Vi

35

86 %

*85 V4.

60%

60 3

'

—

32

32

90

1,500

12 Va

6%

\

42

60

21%

38

'

108

41'/a

12%

6%

>;!

41%

12%

*20%

.>*83

41'i

'*58

12 "a

6%

-*45

200

61

41 %

12%

*12%

21 Va

.

'

61

*32

*6%

38% *

3 8 VA \

Va'.'

...*20%

7

21 % *

'46

*105%
*99

'

143

*138

60

500

76

60

22 Vi

30 Vi

34%

2,900

%

76

12

22%

30%'

8%

8

8%
76

76

12 Vi ;

12

.12%

22

400

*41

34

*32

12%

'11%

: 8%

8

12.800

98 "a

*96 Va

*58%

41 ir,

60

96%

76 Vi

76 %

77%

160

59% %59%

59%

96 %

*29 %

%

12%

*29%

1/

411'.,

42 Va

8

Vi

61

*59

60

11%

v

*76 Vi

76%

11%

;

8

59%

96%

96'%

97

*95

97

8%

8

-

138

*137

137

137

137

59 Va

59%

,97%

*32

V

80

*75

3%

*82% *

39

1.900

31%

r

Jersey

112

4.200

3%

137

*41%

'£

80

7%
30%

31%

:*58

100;

750

7%
30'a

3%

77

:No par

23,900

31 Va

59%

preferred—100
Johnson & Johnsop common—12%:
4%. 2nd preferred series A.i—100

2,000

30
162

149

30

*75

81

*75

80%

*77

30

150

29 %

161%

-

7%

7%

7%
30 Va

500

19.500

31%

31%

;

30

2%
16 Vi

3%

*3%

i.ZVz%

80 Va

7%

29%

7%

7 Va

29%

130

2%

162

162

162

160 Va

95

15%

30 Vi

29 Va

29%

1.100

3,400

95

148

147

146

3,700

8%

17%

15%

15%

15%

15%

15 Va

145%

19-%

2 %

2%

2%

2%

96%

96

96%

96

28%

15%
146

29%

com——No par

16%

11,500

8 %

17

16 Va

17

47%

Va

17%

8%

*8

8%

8%

700

157

*152

157

*152

157

45%

2%

1

_i

68

97 Va

Co..:——No par/
Cent Pwr & Lt 4# pfd... 100;

Manufacturing Co:

68

2%

*20%

Joy

*67

97%

n43%

151

1

1,300

*95

par"

Dec

43 % Jun

46%

2%

par

Dec

11

400

46

97 %

par

1

preferred series A.*—;

10%

47

2%

:_i—25

preferred.,

10%

46 %

16%

I—No par

Manville Corp com,

10%

46

xl0%
*2 %

1,300

10%

46

*10%

*96%

-No par.

Co.—

•

11

45

11

17

par

,

45

,

*16%

Corp—

Shoe

23 7 it

23 7a
*10%

157

*152

*

19

27% May
Jan

68

'*7%

98

25%

107a
,

68 %

45%

,—20

145

6

4

*67

•157

*152

Sep

Dec

630

33%»
29

24%

86%

600

97%

10%

108%

•

33

283 '4

Dec

125%

*95

33%
10%

Jaeger Machine

:3%;%

97%

1

29 Vn

Salt,.—

Johns

9

84
*95

107 a

!___

May 11
11

113% Jun

11

VA

97%

12,300

28%

*—100"

LI

84

11

preferred

(F

^4

*95-

97'%

34
38%

84

32%

Mining

Jewel Tea Co Inc

42 Vi Jun

33% Sep "20
100 Va Feb

*95

83 %

%

84

84

97 %

2.400

33 %

28%

...No par

May 28

48

18

84%

84%
*95

Shares

11

Tel.eg__No par*;
Foreign share ctfs.—.
No par
Interstate Dept Stores
No par.
Intertype Corp
—No par
Island Creek Coal common.——50c/
$6

Jun

53

37 %

37%

84

x33 %

37%

33' 'a
38

347a

for

the Week

share

$ per

$ per share

37 Va

%

Sales

Friday
Oct. 28

Oct. 21

$ per share

/

1,300

14

13 Vh

Thursday

Oct. SO

$ per share

share

"3 Vi

14

PRICES

Weduesday

19

;

3VV

3 Vi

'13%

SALE

HIGH

AND

Oct.

IS

3%
14Vi

32

preferred

May 25

6%

39% May

$ per

3 Vi

*13%

,

»

33%

84

International Silver common-—'.25

145

19%

104 Va

Oct.

13 7

„

Tuesday

Monday

I(>

—

16

700

*9%
49 3 a

16 %

34 3 4

*77

18

4%

4%

4%

37

*—100

137% Jan

1.600

,

28%

.j.

preferred

29 % Feb

■

143%

14

1,700

4%

16 Va

97%

International Telep &

20

45 Vi

4 %

36%

of Cent Amer com..No par
preferred—.
100

27

17

44%

4%

287«

Steel Co

7c/o

17

44%

*4

•r 13%

*84

Int'l Rys

24

17%

44%

34%

*160

Mar 31

'16%

16%

share

8

35

■

16 %

'

3%

*95

16% Jun

17

44%

35

_No par

4

16%
44 %

36%

.$4 preferred——

.65% July 12

Mar 12

30

;

-

"700

17 %

32%

Rayon

Jan

3,200

21,400

,

10%

45

International

290

36

49 %

44'%

12

35 Vi

48%

10%

44 %

;

35 Vi

82

48%

*43%

45

34%

34%

=-34%

n

1,000

29%

•

11

11

39% Mar 16

48 Va

48%

11 Va

Dec

48%

47% -48

,

45

4

23%

45

82

47%

4

10

10%

International

29

82

48 Va

23 3

1 Jun : 2

29%

9%

*10%

5 %

29 Vi
82

36%

July 22

20

36

28 3 i

82

*81

,300

36%,

.

28%

Preferred

May 20

14

36%

.

48%

11

64

Feb

11,800

14Va
37

9%

10%

24

63%

600

14%

12 %

48%

23%

52 Va Jan

40

29%

29 %

t

1

Feb

Jun

34 3 8

29 Vi

29 %

37 Vi

28%

,

24 %

45

4-';

4

•

4

*17

.

45

44%
'

10%

58%

32

34

"

*23:!

Apr

40 Va May

29 Vi

34%

34 "2

Co com—*—15

Jan

29%,

34 Vi

,36%

International .Paper

107% Jan

500

4,900

2,900

29%

,34%

1.

14

15

Oct

14

24%

13%

*36

81%

*•95

1
Int'l Nickel of Canada com..No^ar

15

14

24Va

29

13 Vi

'

29 Va

81

*10%

4%

37 Vi

37

*29

81%

14

2

99

28

24 %a

34%

*28%

v

13

'47%

$ per

200

14

24%

'12%

.

3,100

*31%

Terminal RR Co..

International

34 Vi

29

23%

14

64%- Jun

42% Mar 17

14

25

34%

34%

81 Va

-*3%

Int'l

Vi May 20

%.

"

17%
44
' 4
9%
48%
16%
13%

139% July

2

Jan

59%

11=
24

33% Jun

*12 Vi

400

16%

26

29 Vi

33%

preferred—-.——
*-100
Hydro-Electric Sys class A__25
Int'l Minerals & Chemical com—5

3

3 % Mar 16

160

25%

36%

7%

9

74

5%

,

25%

32 Va

Rubber.__.-No
Interlake Iron
:No
Int'l Business Machine
-No
Int'l Harvester common.:
No

11

Jan

96

Dec

x34% Jun

25%

28 3 4

Intercontinental

14

5% Feb

Jun

10%

76

27

*15 %

34%

Inc../——.— 1
Interchemical Corp common..,—5
4%% preferred
100

16% May 24

154% Jun

Feb

*-4 00 CO

22% May
3%

'•

-

*24%

28%

33Vi

Insuranshares Ctfs

3% May 18

11

15% July
"

'

16%

500

28%

Inspiration Consol Copper

8

Jan

103

27

11 Va Feb
125 Va Feb

2

32

26

25

31%

32

*15%

.

2.000

11 Va

*31%

%

30

11

*31%

Inland

8% May 24

7

25

26%

500

*77%

11 Va

28%

22

47% Oct

21% May 27

11

108

78 %

11%

32%

11

11

Dec

*77%

11%

28%

25

6% Feb

-

100 Vi

78%

16

.12%

600

32 V4

Jun

15% Feb

Oct

%

22%

1.No par

Co

76 Vi Jun

34% Mar 10

8

22%

31

-

210

23

33

Power

Industrial

Feb

42

;6% Sep

%

11

'

500

21%

*21

21 VA

78%

v

16

12 Va

26

267h

114%

114 V»

115,.

21

1,200
6,600

.125

*26

26%

X114 Vi

.

22%

31%

*24'%

16

Vi

48

*123

*26

26%

16%

12'/2

26%

Va

24

'

'

400

49

15%

49

125

48%
*123

115%

*141

15%

15Va

16 Vi

48 Va
125'

300

%

86%

*85

%

::

1
Ingersoll-Rand common——No par
6%" preferred __v"i
.1 —100

160

50

"

141

141

31%

15 %

82

*16%
,44

Industria

3

17% Nov

Apr
12% May

33

"i—

3

Jun

56

10

500

143

22

10%

*31%

Indianapolis Power & Light—No par
Electrica De Mex, S A—

28

17

100

59

*26%

.

78 Va

LOW

Illinois

9

15% Jan

Jan

12%

98

58%

*22

'30.

*80%
' 47%

OCt.

Illinois

May 26

30%

Dec

97%

58%

21%

24%

26

26

Saturday

-n—20
.100
6% non-cum conv pfd" ser A—100
Leased lines 4% i—•-!—^.100
"RR stock ctfs series A
..1000

July 13

'

98%

58%

*21

*78 Va

16%

34

Illinois Central RR Co common

97% May 17

11%

7% May
x21

L

90

11

98%

4

22 Va

22

31%

16%

34%
30
13
.37 Vi

Power. Co——

Idaho

24

42% July 14

27% Mar 16

Dec

26%
',y''

27

37%

115%

10%

*31 Vi

*12

Par

I
30

37%

21%

*21 %

11

*12 ■/■•; 12%
*24% 24%

EXCHANGE

$ per share

$ per share

38

-48%

116;

116

21 Va

21%

=16%

,/i NEW YORK STOCK

Highest

Lowest

Lowest

*37%

143

*123

,

25 3i

25%

26

115

125

*123

STOCKS

"

86

16 Vi

Ji

48%

47'%

48

125

.11%
31%

.

Hupp

Jan.'l

Range since

*85

58 3

*141

16

16%

16

16

47%
*123

78 %

common..100
4
preferred.—;—100*
9%
Ltd__No par
.48 Va
Hudson Motor Car^
■=:.—No par *-16Va
Hunt Foods Inc
—'—6.66%
•' *13%

Range for Previous
Year 1947

22

'

143

*141

143

2,900

23

22%

22%

98%

58%

59;

11,400

22%

23

38

*98

59

%

58

*78

Bay Min & Sm

Hudson

May 17

14% Jun

27.

98 la

*98

10%

10 Va

23%.

38

78%

& Manhattan

5%; non-cum

3

22

Apr

-

preferred i

Hudson

6

:■ Mar

,7

7%

13%

,

com-.i—-No par
-•—100
Houston Light & Power...—No par*
Houston Oil of Texas v t-c—J—25
Howard Stores Corp—
1 ,
Howe Sound .Co.——
5-

7

May

preferred-—-'——50

conv.

3%%

.9

7% May

3

$2.25

Jun

.

38.'

22%

34%

Household Finance

'Jun

*38

38

*

800

86'/a

39

*22

12.50

Mining—

Hooker Electrochemical Co.,
5 .
Houdaille-Hershey com.—..No par /

1

9

Mar 12

38

Jun

16% Jan

Oct

81

Sep

*85

23

86)%

4

83

8%

10%

200

6%
70

*22 %

-

Preferred
Homestake

14

Jan

13% May
28

35% Jun.

18% Jun

.

231;

23

'

8%

9%

9%
23

*85

70

1,200

27 %

*5%
*69

8%

23 %

23

86 %

16%
47%

26

Sons-.——-5
10

9%
23 Va

*22%»

*15

Holly Sugar Corp

9%
23 Va

*85

=22%

5.

Co.

Furnace

29% May 20

23 Va

*11
*31%

100

9%
23%

•

9%

9%

6%

8%

*8%

8%

2,100

150

27 VA

26 Va

*68%

70

*68 Va

70

8%

%

*21%
*77%

5
Dauch Paper Co___•—_10
(C E) The_
1

5

29% Oct

17

.—

8

23

*123
125
25%
25%
117
117
20%
20%

Chemical Corp.——1

Heyden

5

Oct-

,11-

2

cum preferred—
Hilton Hotels. Corp——

-37

1

21 Va Feb

Jan

20 VA

10

25% Jan

19

10%

14 Vi May

2

Apr

14%

22%

21% May

% Feb

*68 Va

71

8%

60

26 Va

25 Va
*147

*5%

700

103%

103%

150

26%

6

x6

7%

7%

26 %

26%

•26%

26

7'/a

13%
82

*81

25%

a

*147

150

*147

150

*147

27%

25 3

25%

25%

25 Va

25

150

104

105

*104

25%

*7%

87%

47%

preferred —1
—100
Hershey Chocolate com——No par
$4 con'v preference——No par
Hewitt-Robins
Inc—
5
'5%

28% May 20
86% Jun 25

7

Mar

Hercules Powder

106

27

8%
9%

* 16%

No par
common.—No par

Motors——

Hercules

103%

103 Va

*147

39
98%
*58%
58%
*140% 143

.

6

27% Jan

26

14%

1

Jun

30%

16

Oct

July 16

81%

24%

Shares

13%

13%

*80%

*98

—

123% July 27

,18% Mar • 9
78

May 28

128

21

20% Oct

Jan

2

Jan

57% Apr

25% Oct 16
114
Mar 22

Sep

Oct

%

29

118

25

13%

81 Va

23%
23

*85
*38

100
Heinz <H J) Co common.:
25
3.65%
preferred
—
...100
Helme (G W)
common
—'—25
7% non-cum preferred—-——100

13%

*80%

*68 Va

23%
*22'%

-

*13%

81 %

*104 ",4

71

8%
9%

——5
—15

preferred

3% ','0

22% May 21

9

Mar

Jun

91

27

1
—2

Co.

Hecht Co common—----.—

27% July 12

14

Glass

Hazel-Atlas

5.

26% Jan

Mar 10

Jan

11

11% Jun 10

11

4% May

13%

"80%

%

1•" *7Va
— 100
*68%

of Amer class
4Vs'/o preferred
Hayes Industries Inc
Hayes Mfg Corp

■■Hat CDrp

4

25

x20

15

7% Jun

5% Sep

13 Va

81%

104

share

$ per

$ per share

$ per share

13%

*80%

for

the Week

Oct. a

Oct. SI

Oct. SO

Sales

Friday

Thursday

Wednesday

$ per share

$ per share

PRICES

IIIGII SALE

19

Oct.

18

*13 Va

->13%
13%
4'/t conv preferred-100
*80 Vi' 81%
Hanna (M A) Co $4.25 pfd—No par
*104-/4 106
Harbison-Walk Refrac com—No par
24%
24%
6'}'ck preferred —————_100
*147
150
Hart Schaffner & Marx—— —10//
*26%
28
No par

Hamilton Watch Co com.

xl4% May 21

3

$ per share

Par

■

$ per

$ per share

Dec

13

Oci.

lu

Oct.

■

-

Tuesday

Monday

Saturday

STOCK

YORK

NEW

Range since Jan. t

Year l!)47

AND

LOW

STOCKS

Range for Previous

Monday, October 25, 1948

CHRONICLE

FINANCIAL

&

COMMERCIAL

THE

(1704)

1,400

t.

r

K
Jun

14

22%

Feb

13% Oct

21

16

-

May 20

Kansas

94

Dec

16

May

108% Mar
29%

Dec

Feb

17

98

11

48 '

Oct

90

22

City Power & Lt Co—r

3.80r/c\ preferred"

May 11

23% Feb

13%.

10

Kalamazoo Stove & Furniture

——

'
100"

60% Jun

48% Mar 12

22

47% May

58% July

lf% May
20% May

18

Nov

14% Mar 17

18

26%

Feb

20% Feb

26% July 13

May 22

4%

non-cpm

(Julius)

Kayser

100"

preferred—

*56

,

Jan

21%

Oct

17

Feb

10

22% July 12

41% May

52%

Jan

42% Feb

13

60 % Oct

Kennecott

43 to Oct

13

51

14% Oct

15

i*24Vi

13%

v

Dec
Dec

21%

27%
116%

Feb

19

Feb

Apr 20

16% Oct
24

11

22

20

May 24

Feb

92% Feb

21

104% July 14

11% May

20

Feb

11% Feb

19

i

65%

85

Jan

63

38%

Oct

29% Feb

103

25

90

Jun

May
Dec

102 % Aug

County

Mar

8

14% Jun ' 2
75 :

Jan

2

$5

16 Vi

16%

16%
25

Va

16%

25 Va

/.

46
*56

48

9,100

57

•100

17

17 Vi

2,500

25%

3,800

18%,=

25%

19 Vi

2,900

60 Va

27,700

45%

2,900

17%

17%

17%

18% V

18%

183i

59%

59

59%

59%

59%

59 Vi

59%

59%

59 Vi

44 Vi

44 Vi

44 %

44%

45 Vi

r

•

44

44

44%

44 Vi

441/4

15%

16

16

16%

16

16

5,300

15

15%

15

15%

15

20%

19%

20 Vi

20 Vi

5,100

20%

20 Vi

20%

20%

20 Vi

96 Va

94

94

20

*9614

Va

20%
*96 Vi

98

%,;

35%/

*91

92%

.

.

■■■_—

•.

V»;

25%

17

25 34

17'/4

25%

*35

——

57

25

Co Inc common———_10
preferred
100

4%

46

16

67%

95% July 15

45%

v*56%

25

*66

90% Aug 16

<

57 r' -i

15%

prior preferred—No par

Koppers

45

57

24 Va

13

36% May 27

44%

24 %,

*12%

11

v

Vt;

91%

*90

1814

19%

.1

44

14 Vi

14%
91%

*90

59%

44

5"

Co. common—V

91%
57

14%

;

17%

No par
—100

'G Ri

43 Va,

14%
91%

18%

*14%

Kinney

57

*90

*56

*14

.*90

18%

Keystone Steel & Wire Co new No par

Kimberly-Clark Corp com
4e/c conv 2nd preferred

43%

13%

59 Vi

_No par

Land CO

91%

13%

16
;

"

For footnotes see page 26.




Kern

CopperJ

14%

*90

*56

,57

*15%

5

& Co

Kelsey Haye$ Wheel conv class A.i
Class
B
1.

20

43

43

"

*14

43

91%;

*90

City Southern com_:No par

Kansas

14 Vi-*

13 %
*66

35%
*91

98

13%67%
35%
92 %

96 Vi
*13 Vi

*66

35%
91 Vi

96 Vi
14

67 Va

35%
91 Vi

*94

'"*13 Vi
*66

35%
90 Va

96 Vi

96 Vi
*

13 Vi

14

67%

66 Va

36

35 V

35%

91%

90%

'

66 %

14

a

91

*13 Vi'

.

1

170

14

67
35 Va

35 Va

•

*90

91%

100

50

67 Vi
•

1,100
160

163

Number 4745

THE

COMMERCIAL

Range for Previous

$ per share

Range since Jan. 1

Highest

\

,

Lowest

$ per share

.Jan

40

Jun

59

Feb

40'A

Apr

52%

Oct

32

45% Feb

39% Jun
58 %

July

49

16

Oct

Feb 13

41

>

3

YORK

Kress

8

•*.

*

••

•

Kresge (S S>

22

LOW

STOCK

SaturHay

EXCHANGE

y

$ per share

13:

Feb

NEW

Highest

$ per share

Oct

45

CHRONICLE

(1705)

21

(S*H)

Par

'

Oct.

& Co__

37%

No. par

A

54%

46%

46%

46

SALE

$ per

37%

PRICES

Wednesday

Oct. 15)

$ per share

37%
54%

HIGH

Tuesday

Oct. 18

37%

*54

,_No par

______

AND

Monday

i<>

t per share

-'—10

Co

Kroger Co (The)

'

:
•• •**

•

..

Thursday

Oct. 20

Oct

$ per share

share

37%

37%

54%

54 3

55

56

56-"

46

40%

47%

47%

48%

4

37%

Friday

•

for

Sales

Oct. n

$ per share

the Week

$ per share

^

Shares
(

37%

37%

37%

37%

55%,

56

55%

55%

1,100

*47%

49

48'A

49

2,100

6

6,600

•

|

37%
.

4,800

■

(
i1

1

34

FINANCIAL

STOCKS

Year 1947

Lowest

&

:

Volume

'

4% May
9
Dec

y

20%

7

4% Feb

11

Jan

7

Sep

21

44

Jan

18

Oct

20

14%

Dec

10

Feb

14

Feb

May

49%

Jun

.

4

38

24

9% Mar 12

Ma* 24

56

21

'A May

95

Dec

Feb

29% May

Feb

35

Oct

1

Mar 19'

12%

Feb

23

Feb

95

Sep

14

Feb

10

Feb

:

99

11

Light

Co„—______4

G7« pfd—75
Co
(The)

Bryant

*4% r/<>
Lee

19

10'A
17

Dec

24

9

Sep

25

May

Feb

Feb

46

11

Apr

12

30

16%. Feb

59%

May

4G% May
8

Jan

26%

20

26% Jun

13

12 %

12

12%

12

12%

38%

38%

38%.

38%

5,100

6%

6'/h

6%

6%

6%

2,600

4

4

4%

21,200

63

*41

50c

Lunn

Lerner

10% Apr

12

38% Jan

2

Life

8

191% July

Dec

55%- Mar 16

Dec

28% Feb

30%

Jan

17

109%

Feb

10% May;

20

18%'Dec

27-

79%

Feb

12% May
17%

Dec

39'A

11

Sep-15
29
2

' Oct

16

57% Feb

28

19% Feb

27

15

28%

OCt

Jan

18

Jan

141

>:

Feb

19

Jan

6

23%. Sep

172

22

174% Mar 30
47

Liquid Carbonic Corp com—INo

85

14

Jun

24% Jun

Loew's

Aug

92

>26%

OctT

18% Sep

Mar 11

28

Inc

30% July 15

Long

Bell

Lorillard

7

'

22

24% Oct

13

Louisville

May 15

Lousville

7%

Co

preferred

9%

4 %%

(Ml

pfd

&

Sons

series

Steel

Inc

25

47

9%

9%

47'A

*9%

9%

9%

25%

9%

48 '

47%

.

47%

9%

23%
*92

48

9%

96

9%

—

—

23

23%

23

51%

5J%

50%

51

9%

j

4,600

9%

Mar

41

Nov

36

Jan

27

40

Jan

2

Nov

152

Apr

129

Oct

14

142

Feb

13

18

Oct

19

«>7% .T»r»

' i

•30% May
99 'A Dec

41%

Jan

111

11 %

30% Mar 16

Mar

96% Oct

14

MacAndrews

6%

9%

51%

t9%

9%

9%

36%

36%

36%

600

I

3,000

i

87

86%

86%

87%

158

52%

9%

4,700

36%

f

4,100

9%

36

!

2,500

87

86V2

159

161%

162

164

103

163

37%

37%

37%

38

38%

39

38%

39

*39

40

900

10%

-

10%

10%

10%

10%

10%

10%

10%

10%

11

14,700

68%

68%

68

69

69

69

43

43%

43%

43%

44%

45

2,500

17%

17'A

17

17%

17%

17%

3,300

159

68

68%

43

43%

68%
42%

42%

17%

17%

17%

17

17%

75

*73%

75

69

*74

:

75

161

%s

'

87'A

87%

5,400
170

1,500

75

*73%

100

21%

75%

21%

21 %•

21%

21%

22%

21%

15'/8

15

64%

75-

21%

*21%
•A

52

9%

36%

68

'

51%

9%

36%

43

*71

51%

9%

68

22%

21 %

151/4

15%

22%

15%

15%

15%

15%

15%

15%

15%

16

6,500
18,100

.

*73%

76

64%

64%

64%

64%

64%

64%

64%

27%*

27%

63'A

64%

64

27%

65 3'a

27%

4,400

27%

27%

28

28%

20%

28%

20%

28%

27%

20%

20%

28%

20%

5,500

20%

20%

20%

*143%

20%

144%

20%

21

144%

20%

144%

4,900

24%

24 3 a

24%

*24 %

*144

145

*43%

45

28 %

*93

95

21

21

145

147%

-*145

146

30

24%

24%

24%

24%

24%

24%

44%

*27%

*93

146

24%

43%

44%

44

44%

43%

44%

43%

44

28'A

44

28%

145

24%
28'A

28%

28

28'A

*

10

103 72 Jun

15%

Sep

29

Xl6% Feb

25

18% Aug

9% Feb

11

95

21%

*93

21%

281A

95

21%

28%

*93

22 'A

Feb

11

455

Jun

Dec

520

6

May

12%

Jan

7

Dec

14%

Feb

9'A

22%

Dec

3'A »Jan
19% May

500

7

"

95

22%

22%

May
22% May

97%

Dec

14

May

14% May
39% May
18 % July
24 % Muy
175

Dec

39 %

May

Feb

*93

95

22

22 %

28 %

600

5,100

28%

*93-

2,000

96

22

-

22%

2,800

Feb

15

Feb

22% Mar

6% Feb

111% July

108% Mar

35% May

14%

14%

20
4

27
21

22

8

16

iGlenn

14% Sep

27

19% Jan

11

69% July
9
27% Mav 20

Master

35%

Nov

11

45

Oct

Mathieson

19

176

Jan

26

47% Apr

20

27% Feb

Jan

166

Feb
Feb

14%

93

Jun

93

Jun

85

Jan

Jan

;

110

Jan

Mar 12

Apr 16

25% Sep

27

Jan

Corp

Chemical

12

Range since Jan.

Highest
$ per share

24

May

82

Dec

35

Mar

24

May

46

Dec

30 %

May

33%

Lowest

Feb
Jan

5

101'A Jun

24

42% Jan

32

Feb

56%

23% Mar IT

Feb

44

45

Jan

23

20

Jan

30

Sep

Dec

105%

Feb

87

Jan

5

17% May
21% Dec

25%

Feb

18% Feb

11

87

16% May
88%

Jun

40%
20

Dec

May

16

May
55% May
13% May

Feb

31%

McCrory

24% Jan

19
Aug 13
16% Feb 27

80% Mar 24

96% Jun

50

Feb

36% Feb

27

Jan

20% Feb

16

25

24%

Jan

73

Feb

19%

Jan

14'A Sep
,

50 % Sep

27
29

83

Dec

65%

Jan

47_%

Jan

8

4%%
4%

2

pfd

2nd

19% May 15
62'A May 15

Mengel

Co

Mercantile

111% Aug

5 Vo

12% May

18

48%

Apr

29% May
136%

Jun

% Mar
Dec

11

63% July 13

Merck

&

Co

45% Nov
156

Mar

10% May
6% May

15%

Nov

14%
66%

Jan

84%

Dec

114%

Feb

Feb

35

11

Mar 16

129'A Feb

24

23

$3.50

27% Jun 15

14

% July 19
88
July 21
43

51%

Apr

70%

Dec

54% Mar 11

99

Dec

102%

Dec

99"

7

May

15

Dec

10% Mar 16

104

Jan

123

Oct

111% Mar 11

28% Mar
3% May
11%' May
32% May
8

May

23%

Sep

49 %

May

110

% May

56%

Oct

8

42% Feb

Feb

25%

4

2

11

Feb

10

13% Feb

11

34

34% Mar 17

44

32

Feb

63% Feb
128%

Feb

Feb

24

Sep
47% Sep

11

15
27

101
Sep 27
105% Mar 17

Sep

27

47 % Mar 16

D-c

17%

Dec

12

]\ffny
9'A May

'A

Dec

x22% Oct

6

14%

Nov

11% Jan

23

27

footnotes

see

pace




26.

Oct

16

14

9% July 13

Feb

Feb

Per

73% Jun

Jan

9

3
17

18% July 13
121% Oct 18

Feb

64%

24

May 17

51%

May

1'%

May

78

July 13
;

Jan

15% Jun

5
24

29% July
6
61% May 17
122

May 15
112% Apr
6
10% Sep
65

20

May 21

Mesta

20

44%
86

3,700

*86

86%

*77%

78%

*77%.

78%

*78

78%

*78

10%

10%

78%

10%

10%

10%
*40'

10%

*10-%

11

800

42%

40%

40%

200

42

40%

112

27%

Monday
vet.

112

28f.

HIGH

SALE

Tuesday

18

42%

*111

28%

AND

86

*40'

112

28

OW

86

40%

*111

87

r

•

28

86

*111

27%

86

112

27%

85%

*111

271/8

'160

86

470
20

,

112

27%

1,500

PRICES

Wednesday

Oct. 1!>

*86

Oct. 20

Thursday
Oct. 21

Friday
Oct.

Sales

for

the Week

&

3.20%

$4

&

Minn

Moline

$6.50

27

48%

48'A

900

47%

48

31%

31%

32

32%

com—_18

*31%

32

.*87
*22%

91

$3.25

15'A

15%

15

9%

*8%

9'/8

60%

60'A

..No par

*86%
*21%

87

Scott—No par

*39%

41

8%
60

8 7'A

*86%

22%
39

40

93%

93%

95

95
'

87

43%

43%

132%
12%

131

43%
131

12%

43%

*93%

94%

15%

15%

15%

15%

No par

99%

com. ___1

*99%
15'%

No par

120%

120%

99

161/8
121

61 %

100

100

16%

16

121%

*121

61%

60%
*86'A

87%

200

220

60%

6%

6%

6%

6%

26%

27%

26%

27%

40%

40%

40%

*39%

11%

.11%

12

12

11%
25%

54%

54

13%

2,100

11

11%

3,100

800

47%

48

90

90%

90%

*90

90%

170

69

69

70

*68%

69%

1,300

*99

100

99

99

*98

99

-

16%

16%

ri20%

,

121
61 %

61

25%

53%

60

13%

13%
11%

48

12

26'A

9,300

45%

132%

68

41

A

58%

45

*131

90

16%

27%

58

44

132

47%

61%

6%

58

3,500

A

122

26%

*25%

44

16

A:'

100'

*39%

7

56%

10%

67%

•

45

11%

48'A

-

56%

45

90

5

92%

11

67%

___3

92%

11%

90

A,-

700
600

93%

*13%

661/4

Lines—

1,100

40%

13%

91

Co—___.No par

61

40%

13%

48%

No par

2,400

40

13%

66 %

53%

80

1,900

9

40

13%

91

53JA

3,700

40

*130%

66

:__5

,

22%

130i,4

*65

A__No par

15%

22

'1301/4

No par

com

16'A
54

61

*39

45

11

Co

15'A
*52

22%

131%

48

series

15%
54

86%

*130-%

12%

10%

26JA

15%

*51%

10
600

2,900

60%

15%

'*25%

22%

22

56%

10%

,—No par

38

22%

86%

56I/2

4 8'A

Tool

87%

37%

23%

87

22

15%

11

■'

*85%

38%

23

500

221%

*86^

15 1/8

16

87%

*37

*8%

56

61

*85%

8%

15%

61

2,000

8%

56'A

48

10

800

19'A

8%

15%

*10%

—

23%
20%

19%

60'/2

55'/2

*47'A
91

—

23%
201/a

■

com.—3

Impl

•

19%

8%

1

vtc._...No;par

J

1,800
5,600
,

20

15%

15%

91

91

23%

20

15%

55%

12%

32%

15%

55'.a
*43

*131

No par

48%

31%

15%

15%
:

48'A
*86

93%

22%

40

*93%

;

'

*22%

48 %

321/a
91

60%

•/

8 i/b

22'A

54

151/2

60

*22
A *39iA

15%.

*51%

15%
-

23%

15%

15%
54

*86%

22%

i

com.....No par

Montgomery Ward & Co
&

15'%

60%

A

38

x23

*8%

.—100

87'A

38

23%

15 %

____-H-10

*85%

86%

38%

*51 %

*94

*18%

86%

16'/a

4

19%

23%

51%

pfd_100

20

18%

*36%

*59%

3.90%

231/a

20

23%

15%

32

23'/a

231/4

38

48%
*86

19

*361/2

50%

com___A.No par

Chemical

Inc

•

91

20%

37'A

16%

preferred series B—_No par
Montana-Dakota Utilities Co
,^_5

(John)

87 »A

4 8'A

32%

"86

23%

20

*18%

53'A

series, A——100

Moore-McCormack

*86%

*22%

*50

$4

Motorola

87%

91

23%

1

1

RR

preferred

18%

*16%

Carpet Mills!
20
Hosiery Co Inc________1.25

Monsanto

I91/2

18%

Co.—No par

...

Machine

23%

19 %

3%

series A—_-l00

Power

7%" preferred

*22%

20%

48

32'

'

*86

18%

37%
*15%

90

23%
•

18%
*86%
*23

1

Mohawk

Monarch

'*19%
-

*86

..50

Mfg—-i—'.

Mo-Kan-Texas

Mojud

•

_100

:

Inc

Regul

Corp

200

500

27

48%

36

-_5

preferred

Mission

1,300

97

>*48%

.•

!_

Shares

32%

Mines——-5

5

preferred

32%
*95

36

common

pfd

conv

Min

95

35%

Co

M

32%

95

35%

common———.1

SS

Minn-Honeywell

32%

27

■

Steel

32%
95

*35%

Co

Copper

321%
95

*26%

._

Edison

32%
96

$ per share

36

—u_l

&

$ per share

27

Transp

Inc

$ per share

36

;•

Minn

$ per share

26%

preferred

P

$ per share

36 %

preferred

Machine

St

share

27%

seriesl.—

Morre'll

9

22

43%
86

10%

"86

*36

(2nd series) ——.50

17% May 15
Jan

43%
87

•

*26%

Corp

Stores

Metropolitan

Minn

t per

—No par

27

18% Oct

2,500
10,100

27%

Midland

98

21

45
169

78%

27%

r,»

42%

3,800

88

■'t

*

43%

20%
41%
*164

2,300

%

36

8%
1st preferred...-—,
Minneap & St Louis Ry

105% Jun

13%

10 %
49

Jan

:

>

42%

21%
41%
169

3,600

17
62

*80%

36

15

21

27%

43%

21%
4 If

*164

14

16%

*26%

17

July 13

27%

41%
168

13%
61

86%

*40i/8
*111

42 %

21

41;
*164

61

27%

Jun

56% Apr

42

112

21

41
169

14%
16%

%

160

*35%

Jun

May 10

-*40 %

16
60

460

94%

''*26'%

Prod

*

16

11

*111

43%
88

15%
60'A

9,300
2,700-

par

Petroleum

48

421/2
*86i%

13%

15'%
59%

21%

40%.
166

32%

Miami

140

41%

13%

15%
58%

*94%

Mid-Continent

14

Oct

40%

32%

19% May 27

11

12

40%

169

2,700

1

69% May

7

40%

95%

Merritt-Chapman

30

104% May 25

9% Mar 17

Feb

47%. May

13

38% Feb 11

58
21

321/2

,

33

*151%

95%

1st

conv

44% Feb

21

151/8

96

Min

92% Oct

*94%

32%

(The)

&

95% Jun

94%

13%

*95

(1st

Shoe

44% Jun

94i/2

*94%

*32%

pfd

Melville

Merch

21

94%.

600

12,300
•>

25

13%

41%

24%

24%

94%

40%

24

.f 7%
25 %

13%

*165

11%

24%
A

7

11%

25

58%

Norris Mfg Co.—___ —10
Corp common—
—No par

8

13

7

94%

Saturday

McLellan-Stores" Co
Mead

18% Jun

MarlO

7-

10%

9%
24

20%

25

21%

McQuay

50% May

86% Oct

7'/a'

300

9%

20%

24%

100

Robbins Inc

28

36

9%
241.A

2,600

9%

21

24%

l—l

&

20

103 % Mar

9%

24%

9%

7%

7%

20%

7

preferred

12% Jan

17% Feb
35% May
97% Dec

9%
24% v-

2,100

560

7%

17%

58

No-par

Publishing..—No

H8% Oct
43% May

*8%
20i%

15

14%
*515

7%

7%

20%

Co—

Porcupine

$4

May 25

Jan

9%

13%

15%

14%
560

*7%

21%

94%

15%

14%
*515

17%

58

No par

8

17

com

Corp

Electric

McKesson

46% May 28

25%

23 'A

560

7%

200

1,500

17

20%

STOCK

Mclntyre

12

Oct

Feb

*515
'

100

13%

21%

21

17'%

*14%

-Notpar

14%

*12%

17%

preferred—

conv

McGraw-Hill

9

23%

Stores

3%-'«
McGraw

52% May
1
35 % May 15
98% Jun
2

105%

21

98%

17%

*57.%

'.'Par

May 15

24% Jun

98

13 %

*20%

■

36% May 21

31

98

*12%

20%

94'/2

10%

YORK

*97

13'A

21%

7

par

:V

981%

20 %-

13%

8614

■

2,700

13%

*77%

.

35%

*17Va

par

No par

—

351A

94%

77%

Corp

35%

*13'A

—_..No per

preference

35%

*94

86'A

cum

35%

24%

17%
25

*86^

1st

7%

17%
24%

77%
*10%

A

pfd

cum

McCall

15

11

!

17%
25

88

$6

14

34% Sep

7

7

17%

*24%

60

16,000

*8%

,9%

100

19%

20%

24%

—_1

:

EXCHANGE

25

9%

37
136

18

9%

24 %

*36%
*130

18%

*14iA

7%

201/a

'241/4

*87

NEW

88

.

/'!*

560

7%
*9

9%
1,

*165

1

Feb

>-7

Corp—No par

$ per share

107% Feb
45% Oct

24'A

.100

Highest

$ per share

.9%

24%

100

—

L
No
1——No

__

Co—'.

STOCKS

Year 1947

Lowest

*9lA

—__1

preferred

Range for Previous

$ per share

Co

Maytag Co common.—
$3
preferred
;

9

41% Jan

21%

——

L)

Electric

$3.40

12% May 15
43% Jan 21
112

*20%

Dept Stores common
5
$3.75 preferred
:—— __No par
$3.75 cum pfd 1947 series—No par

13

38

21%

May

18

77% Aug 13
9% Feb 11'

T,c

3

6

Feb

*20

com—No par

Martin-Parry Corp
Masonite

22

84% Mar 27

Nov

48%

] 6

84

-,-50vA':> Jan
113

Oct

35% Mar

9%

37
136

18

-

99

*515

7%

—5

4% '/v. preferred
Martin

19% Mar

49%

Co

&

560

7%

*91/4

Corp—:
1—5
6% prior pfd—100

Ry

Field

*515

7%
9%

Midland

St

560

7%

_____-6.25

Market

Marshall

16

*515

*9

__:

Corp

47% Feb

4

50
No par

Exploration—,i—„_1

Marine

May 20

*14%

1

Shirt

Marathon

17 % Sep 16
29% May 18
103% Jun
9

22% Apr

RR Co
Co

___!—

Oil

Oct

190

(The) 1—1

Maracaibo

Jan

106

Dec

14%

Nov

100% Aug
97 % Mar

Jun

14%

63%

Dec

May

15

26%

Dec

7'

20%

Co

*36%
*130

18%

*12%

12%

*20'A

Manhattan

25'A May 17

20

Feb

94% Sep
12% Sep

Jan

88

82

12%

20%

Bros

Dec

85

42

12%

Sugar

8%

24%

98

12%
201/B

Manati

18%

34

*97

13%
20%

*97

133

18
*97

98%

Mahoning Coal

7

t

35

*20

Mundel

34%

35

*97

8

18% Mar 18

34%

*12%

10

—

37

133

pfd series A__—:—.—100
Square Garden—INo par

Magnavox

23

14% Jun

*36%

18%

Copper

28

10

37
133

18

Magma

10% Sep

5% Feb

*361%
*128%

18%
35

13% Jun
Jan

36%
130

18%
35

5

26 *

36%
130

18%

35'A

4

21

Inc

18%
*35

Oct

20% Oct

Dec

27%

G% May
>9

Feb

32%

-5

com——No par

Mar

Apr

37
130

Co

8% Mar 16

525

*36%
*128%

com—

—

Madison

24% May 20
16% July
6

Dec

10

T—.———_:i—100

Inc

(R Hi

4%'A

15% Apr 12

21% Mar

10%

Trucks

Macy

4

May
16% Apr

Forbes

preferred

Mack

39% May 27

&

1

23%

M
''I

134

1

1,700

48%,

22% 4

3 61/4

*42

com—1

'

2,700

9%

23

9V'2

*157%

10%

1

22%

87%

87%

157

17%

23

36%

*36

38%

>'

;

J

-

25%

9

47%

1
1

'

63

25%

9'A

*

9%

23%

9%

10'A

100

———!

25

9%

51

87%

A—-——100

Co

25

*9%

36%

157

(Kyi No par
Nashville.——£—50

&

25

*8%

*23

51

,*37%

.10

;

25

91/4

*

Gas & Elec Co

Lowenstein
Lukens

4.

*41

47%

87%

par

common...

96

3%

63

*8%

36

Corp..„LNo.par
(Md) A
No par

Lumber
(P)

Jun

4

*41

25

25

23%

"

2?% Sep

3%

63

47 %

9%

3%

231/a

3

*

—.No par

^

3%

23

*92

*41

9

I to

50%

———LNo par

Cement

3%

23
96

63

47

*22%

Co.—No par

Star

35% May 15
98*/2 Juiy 14
24% Jan
8

101%

Co—

Lone

20

Dec

Belt

3%

23

*92
'

:

% %
conv
preferred—— —100
Lockheed Aircraft Corp-'.
—1

11

Oct

>'■

•

6

*41

25 %

6%

3

20% May 21
68% Jun
4

158

25%

100

;

Lion,1 Oil

Link

9

50 ;

13% May

preferred

3%
63

47

—5

23% Jan

38% Mar 16
11

Corp.—-:

70'A May 24
55% Jun 11

Feb

Feb

par

_No par

& Myei's Tobacco com.—. 25

7 '/o

10

29%

17% May

pfd

(The)*-——.—_ 1

Lily Tulip Cup Corp.
vNo par
Lima-Hamilton Corp*___5

May 14

13% Jun

53~

Dec

93

Feb

21%

Apr

7
10

73% Sep
13% Jan

Feb

58Va May

137'A

16

8% Feb

35%

24'A Aug
19'A May
Dec

Oct

34% Oct

Oct

63

Apr

78'A

157

Aug

12%

preferred—No

%

3%

Products!-——-—__—5

Savers

5

*41

Stores

Liggett

x48

*

1

Corp.J.
___Nopar.;
Libbey Owens Ford Glass——No par
Libby
McNeill
&
Litaby.—.—_—7

91

47

;

FinK

cv;

38

50

2nd

Corp

__25

com—

preferred—_—50

1st

non-cum

82

Dec

1

4,000

38%

6%

31% Mar 16*

Dec

2,300

12%

Oct

10

100

23%

38%

Jan

33'A May

40%

6 %

40%

169

*40

h
1

1,900

>

12%

96%

Jan

40%

%

38%

78

Mar 12

*39%

29

500

46

29%

6%

Cement

Coal

$3- non-cum

1

8%. Feb

40%

12

12

*44%

38%

29 % Mar

May

*39%

29%

38%

Lehman

14

56% Jun

96

12
46

29%

5%

Ju4y~ 12
May 15
May 20

Mar 18

23

*92

*44%

38 %

10% May 12
56

40%

*22%

*11%

30

5%

Valley

Non-cumulative

25

*391/4

12

46%

30

•.

38%

Portland

Lehigh

35% Mar
5%-Jan

39%

2^/4-

200

4,000

12

Lehigh

19% Mar 30

39%

*11%
*45

*

%

28%.

6%

18%

12%

Lehigh Valley RR—'

41% Feb

*do
-

6%
18%

'•

12

20

Feb

40%

12

12'

V

29%.

18%

12%

24

Feb

39

11%
46%

28%.

1

7'A

18

*12

4% Juiy 12

Feb

11%
*44

30%

*6%

18%

Lehigh Coal & Navigation Co—;_10

8'A Jun

9%

46%

29%

18

23

38% Oct

25%

12%

*44

*

7%

*6%

6

96

9>

5i)%

6%

18%

6%

23

4% Mar 16

Jun

6%
18'/8

5%

*92

1% Jan

5%

7%

18%

6

23

Feb

38l/8 May

*6%
181/8

'

"

96

Feb

% Mar

/

7%
18%

6

23

8%

14'/a May

■'

*92

Sons

&

3%

35

6%

G

Co com.—_3

(James)

3.85%

13% May 22

2

6

cumulative preferred—100

Jun 16

44%

Mar

6

*6%
*11%

.—50
1-1—5

—_;

6%

',

18 %

r

——1

Tire

Jun

303,

'

No par

Co
&

4'A May
1% May

Jan

6

Mex

preferred

Rubber

Lees

Pesos

common.,——No par

Lane-Weils

6

May 18
26% May 28

27

Apr

30%
101

9% May
30 '/a-

Lane

47

42

Gas

Consolid

Lambert

14 % May 15
53'% May 17

56%

May

La

ftp.'*

25% Aug 12

:

Laclede

5'

6% Oct
12

6%

48%

48%

1,600

310

,16%

16%

16%

17%

120%

120%

*120%

I2IV2

220

63%

63%

63%

5,000

61

9,200

A-

6%

6%

7%

7%

9,300

27

271/2

27%

28%

28

28%

12,500

*40

1

40'A

39%

39%

40%

40%

11%

*25%

53'A

54'A

7%

12
•

11%

11%

11%

27

25%

25%

*25%

54

54

54'/a

54%

12

400

1,900

26 3 4

300

54 %

3,800

*106

109

*107

109

109

109

*109%

109%

109%

10.9%

*108

114

*1087/s

IIIV2

*103%

110%

108%-

108%

*108%

110%

*108%

111%

*109%

111%

100

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

58'A

59 %

2,000

53 %

59

*ioy2
58 %

59

59%

58%

59V4

59%

59%

15,400

12%

11,400

12

12%

"'*22%'* 23
17%

17%

12

*22'A

17%

,

59

200

"

12V4

12'A

12%

12%

12%

12%

12%

22%

*22%

22%

22%

22 %

*22%

22%

*22%

22%

100

181/8

18

18

18%

18%

18 %

18'A

2,800

18

18

12

Monday, October 25, 1943

CHRONICLE

STOCKS

Range for Previous
Year 1947
Lowest

I per thare

t per share

May

27%

19% May

27%

17% May

25

14% May

27 J/a

17

t per share

Feb

16

15 % Oct

10

35

107%

Dec

6

Mullins

15% Oct

16

14% Jun

Feb

16

45

112

Jun

2

107% Jan

2

12% Sep

21

17

Jan

2

43

Jun

29

37%

Jan

44%

Feb

35% Oct

4

50 %

Jun

56

Jan

50'/a Jan

23

55'/a Jan

Corp

1
_10o

.

No par

& Bros—

Nash-Kelvinator

25

32% Sep

9

Nashville

May

20

29

5

1
National Airlines
1
National Automotive Fibres Inc—1

27

Dec

29

Feb

26% Feb
162% Oct
6% Sep

175%Jun

1

Feb

28

13%

May

43%

Dec

Dec

14%

Jan

6

Dec

15%

Oct

9% Sep 28

7%
13

13% May

17%
38

28

Jan

Biscuit

7%

National

Container

Oct

18

Jun

21

30% May

48%

Dec

37% Feb

11

57% Oct

25%

Jan

15

27

20% Jun

Dec

96

25% May

36%

85

Oct

14

29% Jan

23

38

Jun

16

177

Dec

162

131

Oct

15

Sep

20

Jan

15%

Dec

il Dec
21 %

Jun

74% May

8%

15% Feb

Jan

28

1%

Jan

26%

u

Feb

-

Malleable
Power

&

Lt

cNational

Oct

25
114

22

National

ex-dist

\ 28%

Jan

21% Sep

28

25% Jan

5

12% May

23%

Dec

18

Sep

27

25% July

6

Sep

85% Feb

16

94

2

Jan

21% Sep

14

30% May 27

Mar

88

20 % May

100

29%

Jan

Feb

15% May 26

Natl

13%

Jun

9% Sep

28

12 % Jan

26

Feb

10% Oct

1

19% Jan

6

13% May

18%

Feb

Feb

105

107

Mar 16

12

13% Feb

16

19

Feb

26

104

100

July
Feb

Dec

106

Mar

11%

Dec

13

Nov

95%

Dec

108%

Jan

90% Mar

35% May

44%

Dec

38

32%

Feb

24

May 15

Feb

10

98% Jan

12

8% Oct

6

12% Jan

8

87

3

99

Aug 17

13

Feb

64

July 12

16% Sep

17

26% May 21

102

Feb

78% Oct

20

90% Jun

18

26

Oct

20% Feb

11

34% Oct

22

43% Jun

9

New

York

Air

York

Central

May

18% May
80

May

11% May
19

Apr

52

Dec

230

Nov

35% Oct

5

22%

Feb

12% Feb

11

18% July 12

New

Dec

39

Feb

10

92

N Y Chic & St

Feb

26

23% Apr

9

27

Jun

61

Jun

255

3

Nov

25%

Mar

107

86% Jan

80%

Dec

27

Jan

2

100% Aug

81

Dock

York

Y

15

25% Sep

30

36ysJan

Feb

18

62

33%

Dec

53%

Jan

56%

Dec

64%

Nov

55

26;

Dec

Sep

25

33%

Jan

14% Mar

16 Vs

Dec

6% May

30%

165

7%

7

7%

43%

43

43%

7vb

7 Vb

7%

7%

7%

7%

7 %

7%

7%

1,900

11%

11%

11%

11%

11 Vs

11%

11%

11%

9,700

12%

13

13

13

2,300

29

10,100

13

12%

13

13

27%

28

28%

28%

28%

28%

28%

15%

15%

15%

15%

15%

15%

'

15%

16
18%

15%

16

18%

18%

19

54

54

54

16

33

16%

16%

86%

*86%

86 %

86%

33%

Aug 24
Jan

8

17%. Jun

3

34

33%
162

131%

134

133

133

*132

133

6%
22%

106

22%

19%

19

90 y2
22%

*22

19%

89%

89%
.22%

15%

22%

*21%

22 Vs

9%

88

88

*87%

88%

190

23 Vs

23 vb

23%

23%

24%

3,600

12

12

>12%

12%

12 vb

12%

12%

12%

2.700

*10%

10%

*10%

10%

*10%

10%

10%

10%

10%

15%

15%

10%

15%

15%

103%

*102

*

11

11

11

*15%

*15%

15%

30%

30%

30%

90

90

90

90

90

9%

9%
92

*91

92

60%

61

17

16%

17

16%

17

16%

16%

80

17

*78%

80

78%

80

*78%

80

78%

78%

170

33

33 Vb

33%

33%

34%

34%

34%

11,200

37

36%

36%

36%

36%

36 Va

37

33

33%

33

36%

36%

36%

36%

16 %

16 V2

16%

16%

86

86

86

87

140%
14

*48

86 %

140%

53%

14%

♦21

*14

14%

*22 y4

■*.'

23%

225

*48

53

*220

53%

*48
♦220

250

,'V

*46

51

250

*220

250

11

11

11%

7,800

3,200

53%

*220

34%

34%

35%

88

87

87

19%

19%

19%

4,600

84

83%

83 %

140

pfd__100

"

88%

88%

87%

18%

18%

18%

18%

18%

18%

19 vb

19

84

83

83 vb

83%

83%

*83

*83 vb

84

LOW

Corp

11

Northern

Central

Ry

14

Northern

Natural

Gas

13% May

22%

Feb

16% Feb

11

27% Jun

24

Northern

Pacific

Feb

78

16

16%
31

♦29

30

22%

60%

61%

60%

61

26

26

25%

25%

15%

15%

15%

15%

10%

60%

15%

22%

22

22%

22 vb

22%

500

16%

16 vb

16%

16%

16%

2.000

30%

31

1,000

60

60%

*26

26%

30%

31%

60 y4

60%

15%.

9 % Oct

13

17 Ve Mar 20

25%

Oct

17

Oct

13

27% May 17

Jun

45%

Jan

33% Jan

2

22%

Apr

40% Apr

33,000

10%

11%

14,000

10%

11

10%

11%

10%

85%

86

86

*85%

87%

85 V4

87%

160

85%

30%

30%

31 %

30%

32

30%

31%

31%

31%

"12,400

20%

21%

20%

21%

20%

21%

20%

21V4

20%

21%

27,000

82%

83

82%

83

82%

83

82%

83%

83

83

104 y2

104 y2

100

20%

20%

82%
104% ,104%

preferred

4.6%

Rubber

No par

Norwalk

Norwich

7% May 21

Tire

Pharmacal

13%

Feb

12

Dec

18%

Feb

10% Mar 18

14% Jun

9

27

Dec

38

Jan

27% Feb

10

34% Jun

16

91%

Dec

111%

Feb

92% Jan

2

,103

21

Apr

35%

Dec

26% Feb

11

43

Jun

15

Ohio

18

Dec

22

July

16% Apr

14

18%

Jan

17

Oklahoma

Dec

22% Feb

11

36% July 13

Feb

92

9

Xl09% July 13

Feb

8

3% Sep

20

&

17% May
Dec

93

7% May
86

27%
107

13%
118

Mar
Feb

25

Feb

89

Mar 16

28%

Feb

20

Jan

2

May

27

Jan

26

May

15%
24

Sep

Jun

-

Oliver

5

Jun

17

37% Jun

23

Otis Elevator

Feb
Jan

154

Jan

29

Feb

17

July 19

23

Jan

5

84

Aug

93

Jan

83

Jan

89

Feb

27

68

Nov

80

73% Jan

2

May
9% May

16

Sep

11% Feb

19

Feb

9 % Sep

,

17

51% July 20

July

6%
Outlet
,

&

Mfg

No par

Co

Glass

Pacific

Amer

Fisheries

28

Pacific

Coast

Co

Jan

80

Oct

60% Sep

30

24

Jan

46%

Oct

34% Feb

13

73

Apr 13

43% May 28

pj-eferred

2nd

15% Mar 20

21% Jun

15

43%

Jan

30% Mar 17

36% Jan

8

Pacific

Gas

62%

Jan

47% Mar 16

55% July 13

Pacific

Lighting

25% May

39%

Feb

30

Feb

13

44% July 23

Pacific Mills

129%

Jan

89% Feb

27

x89%
131

Dec
Dec

168

Feb

3 % May

7

Feb

59%

Dec

7%

Feb

Dec

14%

Feb

21%

13

Jan

May

18

40%

Jan

90

Dec

109

5%

Jan

96%

Dec

19%

Dec

10

21

147

62% May 21

Pacific Western
Packard

Motor

5% May 17

11% May 21

Pan

21% Jun

Pan-American

Feb

5

Oct

20

6% Feb

11

92

66

May 17
11% Jun 21

Sep

27

28

Jan

2

105

18% Feb

Jan

11

26.




11

100

97.

~ July

Oct

21

May 27
Jun

8

26% May 27

American

Oil

Corp

Car

4%

Cos

*5%

12%

12%

31%
97%

31%
97%

36%

35%

35%

36%

17%

*17%

17%

17%

17%

33

32%
102 V2

33

32%

33%

102%

8%

8%

♦30%
98 vb

31%

98%

.140

3,000

12%

800

31%

98

36%

3iya

98 y4

12%

6

6%

12%

31%

97%

31%

5%

38 >/4

6%

12%

12 vb

35 vb

35 vb

17 y4

17%

*17ve

32 y4

33%

32%

103 %

103%

8%

8%

32 %

102 y4

85 '

103

8%

98%

103%
9

♦92

93

*92

93

♦22

24

*22%

24

31%

31%

"146%

146%

146%

17%

17%

*17V4

31

85

*83

14%

10%

10%

Petrol

&

66

*38%

39%
18%

39%

18%
33% |

53%
*32%
95
*136

4%

1
10

*48

4%
8%
16 %

2ya

Transp—5

Inc

convertible

Refining
com—

100
1
No par

65
*93
.

-

7%
24

preferred——100 ~ *100
Inc..———l\*!>v'2lVa

Pictures

68

66

No par

Airways Corp

preferred

Paramount

6%

5

12 vb

*64

100

Panhandle Prod &

Paraffine

5

10%

12%

14%

Panhandle East Pipe L corn..No par

4%

19%

4%

15

No par

Pacific Tin Consolidated Corp

13

19

38

4%

10 %

No par

Corp

preferred

28

46

Feb

For footnotes see page

6

6%

18%
38%

*10%

Pacific Telep & Teleg common—100

8% Sep

13% Mar 16

Mar

32%

Mar 18

6% Adi'

21

109

7

4% Feb

Nov

9%

2

40% Sep

.

July

55

Jan

4% Feb

Oct

4%

8%

134

104% Jun

18%
38

56%

25

Electric

&

18%

38%

*14%

No par
Pacific Finance Corp of Calif
10

Nov

18

*38

55%

5

preferred non-cum

Dec

13,100

18%
38%

55%

55%

No par

non-cum

50%

•

*83

10

Inc

common

1st

x3 3 %

6,200

9%

*80

55%

31%
147

17%
85
56

*31

31%

103

8%

*97

35%

*17%
33

103%

103%

8%

9

31%
17%

55%

*18%

39%

14%
10%
*66

*38%

14%
11

70

40

*14%
10%

24

*23

24

*23

39%

19

18%

18%

*18%

30

93
24

32%
17%
55%

32 Vb
*146

17%
*80

32%

32%
147

*146

17%

17%

*80 ;

85

55%

14%

14%

60

147

800

17%
85

8,000

56

14%

14%

8,300

33%

55%

55%

14%

700
460

10

10

70

*66

70

50

39%

*38

393/4

*39%

40

160

18%'

*18%

19

*18%

19

600

10%

10%

70

*66

730

3,500

8%

*92

85

*80

200

9.100

33%
104

93

147

*146

220

16,300

17%'

92

92

*22%

1,400

98

36%

*92

K

15% May 17
15

50

32 %

12.50

Co

27

May 27

100
2.50

;

Marine

Owens-Illinois

1,300

19l/2

*38

34%

8%
*92
93
*22J/2
24 J
30%
30%
*145% 147
*17%
17%

No par

common

preferred

P
10

*17
.-•<

Corp

Outboard

18%

800

104%

xl7%

34%
17%

8%

Jan

28%

97%

102 %

23

33%

18%

19

9%

30%

100

100

163%

10 y2

104 vb

17%

♦12%,

34%

.■

pfd—20
..—No par

common—

convertible preferred

4'/2%
Omnibus

20

Oct

„145% Oct 15

Elec 4%

&

Gas

10%

104%

38

9Va

12%

*97%

No par

Co

Corp

104%

17 y4

4%

30%

100

(The) common
6
8%
convertible preferred A—100
Oppenheim Collins
10

12% Apr

19% May

149%

Oil

104 %

38

12%

,

8

preferred

4.40%

■

104 vb

*

v

Ohio Edison Co common

18

9%

38

,

104%

104 V4

*4%

2.50

Co

o
,

9%

17% " 17%

,*37%

50

Dec

6%

82%

25

Northwestern Telegraph

24

400

16

Northern States Pwr Co (Minn)—

Aug

7,000

15%

11

30%

$4.80
Northwest Airlines Inc common—10

.

15%

86

30 V2

No par
No par

.'

15%

15%

10%

30 Va

preferred
preferred

30%
60%
26%

*26

.26%

*26

*84%

10%
85

• 85

,rl6
*30%

Shares

t per share

I per share

I per share

*21%

for

the Week

Oct. it

Oct. 21

11 vb

10

Ry

t per share

♦21%

Sales

Friday

Thursday

Oct. 20

61

'15%

50

Co
Co

16

n

*28%
'

1

Aviation

Jun

36% Jun

16

21%

110

PRICES

SALE

Wednesday

Oct. 19

26%

*25%

—10

Co

21%

.

29

61

..—25

...

21%
15%

29

25

com

preferred

$ per share

I per share

4

Co—
Ry

Oct. 18

*21%
15%

AND HIGH

Tuesday

Monday

Oct. 16

2.50
__1

10%

11

88

Saturday
.

Industries

American

10%

89%

*88

STOCK

93

19% Aug

?

88

11

11

•

34%

25% Feb

33

23%

10%

82% Mar 10

22

1.000

*21

34%

Nov

104% Oct

15%

89%

Jan

5

1,700

15

23%

*48

vb

250

2.200

140%

140%

1

15

14%

*21%

33.50(1

88 >/2

86

85%
140%

140

17%

16%

16%

85%

87%'
141

23%

14%

14

23%

*220

86%
140 %

16%

16%

16%

86 %

140%

*21

16%

16%
♦139%

1.800

34

Feb

Aug 11

•4.800

89

10%

103% Oct

3,800

17%

34

30%

102%

62%

17

33%

115%

Dec

10

61%

11

Dec

79%

*91

33%

Dec

$3.60

120

9,400

9%
93

11

25

Mar 19

90

9%

33%

83 %

90

90

62

61%

60%

31

93

*91

93

60 Va

30%

9%

9%

9%

9%

700

1,900

30%
90

30%

1,100

10%

15%
103%

*102

103 %

*102

103%

*102

30 vb

60 y4

*78%

53 Vs

11,600

19%
88%

32%

250

20%

19%
88%

17
80

23%

22%

20

20%

19%

700

8,600

*22

22%

*21%

114

22%

94%

59%

109%

24%

*23%

19%

9%

*92

*140
141
*13%
14

7,100

106

91%

*90

61

%

%

%
24

108

*23%

30%

30%

30%
91 y2
9%
94y2

29

22%

10%

15%

5,100

89%

*10%

103 V2

4,100

19%

11%

15%

6%

23%

22%

10%

*102

6%
23 v*

89

.

12%

11

120

133

133

6ya
23%

%

106%

*21%

330

6

%»

II
29

23

133

100

9,600

165

23

105%

23

106%

*21%

22%

23 y4

105%

133

23

%

ih

*22%

:;4:

*163%

164

6'/8

6

23

106%

%

U

6%
23

163

34%

33%

33%

33%

163

10%

American

North

13% May 10

2

17%
87

33 V2

Chemical

North

17
87

10%

A

Norfolk & Western

17

17 vb

86%

163

6%

1,200
9,700

16%
86%

163

23%

19%

57%

17%

163

6 Vs

18%
56 %

86%

17

*86%

162%

23%

19%
55

*33 %

YORK

/Adjustment

33%

33

1.500

20.300

18%
54%

Vb

18%
53

16%

—100

series

cumulative

Nopco

13

15%

18%
53

18%
*52%

17
*78%
32%

Par

11

5,200

11%
28%

*21

3,500

& Hart RR Co.100

Noblitt-Sparks

5

Jun

44%

44%

90

7%
44%

7

7

7
44

7 vb

*36%

EXCHANGE

28% Jan

7%
44%

7

43%

164

164

164

164

164

164

165

1,800

10%

Light 3.90%

Electric

16,100

31%

13

*83'%

Noma

32%

31%

27%

*90
9%
*92
*59%

preferred—100

1

31%

39%

31%

28%

*30'%

21

17% July

Aug 11

200

31%

*38%

31%

11%

■i;

103 %

Jun

21

38%

13

18%

25% Jun

4

12%

38%

13

*48

t per share

$ per share
20% Mar

Oct

*12%

39%

7%

11

Corp partic stock—1
N Y State Elec & Gas Corp—

NEW

12%

12%

38%

31%

*10%

Y Shipbldg

Highest

12%

12%

12%

*38%

165

430

12%

.12%

31%

10V2

N Y Power &

$3.75

5

39%

43%

11 %

*15%

No par

4%

38 y4

12 Va

*102

4%

38%

*164

43%
7%

11

17

88

12%

12 Va

10

N

12

12

.

31%

7%

*220

5%

Preferred

12 y8

12

*10%

No par

Co

11%

11%

12 y8

50

RR

11%

11%

167

*22

No par
—

11%
*

4%

STOCKS

$ per share
25%

5,100

Jun

Lowest

Highest

23% Nov

Co

common.

Harlem

Range since Jan. 1

Year 1947

t per thare

12%

preferred.—No par

non-cum
&

Range for Previous
Lowest

14,100

19% Apr

96

6

14% Feb

16

5%

Louis Co com—100

N Y New Haven

9

39% July 12

10

Sep

Dec

10 % May

84%

20% Feb

Sep

5 Vb

6%
*23%
23%
%
%
*22% 23 %
105% 105%

preferred series A
10o
City Omnibus Corp.——No par

$5
N

Mar 18

14% Jun

6% Mar 29
15%

Y

New

25

19

Mar

200

Feb

N

2

19

Jan

20

Jan

6%

19

49% Jan

Aug

62%
290

144

11

11% Mar

Feb

20%

Feb

121

Dec

137

July 12
July 6

5%

19ye
*89 %

Brake

50

46%

5%

18%

4%

"6

No par

Dec

12

1,500

4%

*21%

Fibre

Jun

32 % May

26%

No par

Co

17%

Dec

19%
32

26%

Corp

x87%

22%

18%
31%

26%

*130% 132

No par
Neisner Bros Inc common.,
1
4% % conv serial preferred
100
Newberry Co (JJ) common—No par
3%% preferred
100
New England Elec System
20
New Jersey Pr & Lt Co A'i'o pfd__100
Newmont Mining Corp
10
Newport Industries common—
1
4%% preferred
100
Newport News Ship & Dry Dock—1

May 17
Jan

35

x27% Mar 12

38

98

28% Nov

Nehi

18%
31

*52%
53
16'%
16%
*86
86%
33%
33%
162
163

10
1

Natomas

24%

Dec

11

27,200

18%

30%

18%

——100

Vulcanized

17%

Dec

18% May

12%

200

26%

12 %

1

Co

Tea

54

*52%

53

53

18%

27%
*15%

preferred

4 % cIo

National

54

300

26%

Pa com—lo

National Supply (The)

*52%

4,200

31

11%

25

Sugar Ref Co__

21% May

National

53

14%
36%

18%

*7
11%
*12%

Corp„„_

Steel

*52

13%
36%

25%

4%

No par
No par

Corp

Shares

53

60

13%
36%

*36

30

4%

Steel Cast_No par

&

Natl

May 17

1

9

81% Mar 10

Nov

95

Natl

Jan

24% Jun

11

Mar 30

Mar

20

36%

18%

*43%

Service Corp

Linen

*36

30

7%

—100
100

preferred B

National

37

25

No par

preferred A

6%

7% Feb

167

6%

7%

147 % Apr

6

190%

Dec

Sep
Jan

Apr

165

136

10

13%

37

110

30

*164

Enameling & Stamping__No par
Gypsum Co com
1
$4.50 conv preferred
.
No par
National Lead Co common
10

Jun

Oct

13%

37

'109%

110

13%

13%

13%

13%

53

3i3/a

National

96% May 19

Feb
Dec

107

109

109

13%
37

39%

Nat

9

108%

800

25

1

Prod

Distillers

National

22

14% May

1,300

is y«

31%

Cylinder Gas Co
1
Dairy Products—No par
National Department Stores
_5

May 21

42%

25

*38%

National

22% May 21

28

42%

29%

*11%

National

2

600

42%

17%

*11%

—1

Co

110

*

29%

No par

Casfr Register
City Lines Inc

National

12%
42

*24%

•

100

National

32

*108%

12%
42%

18

—10

Corp

17

'

Sep

Can

*109

12%
41%

25

4
commun

*41%

30

* 23 %

10

Co
Co

preferred

National

2

108%

13%

13%

30

,

5

Corp

Battery

National

14% Aug 23

14% Mar 17

23%

Feb

National

13% Jan

20%

14% May
17% May

8

Jun

48

10

Feb

10% Mar 15
24% Mar 17

Jan

Dec

Aviation

22
23

Louis

St

Co

9% May 20

33% Feb

Feb

26%

&

Acme

National

9% May 21

8% May
33

8

July

32% Oct

20

Jun

187

45

Mar 18

Dec

34%

Jan

165

17% Mar 22

34

Jan

24

13% July

Chatt

National

10% May 20

11

27

42%

6,100

15%

*12%

17%

5
100

Corp

21% Jun

24

29

12%
42%

12%
42

12%

*12%
13
42'/a
42%
*109
110
13%
13 %
*36
37
*52
54

5

:
common

Feb

8% Feb

16%

*12%

700

2,300
■8,700

15%

14% Mar 16

4% Sep

*15%

15%

22% Sep

10% Sep

15%

15%

20

Feb

15%

28%

15

Feb

Feb

15%

29%

15

Feb

Jan

30 y4

28%

Jan

16%

29%

15

19%

14

30 %

28%

Inc

(F E)

Myers

16%

29%

29%

—1

30

Dec

20%

20%

28%

29%

9% May

.r 20'/a

19%
20 vb

May

8%

20 vb

19%
20

May

10 % May

20

20 vb

19%
20

19
21

20

20

19%

14

Jan

4,600

20%

20

27

19%

20

1

Shares

27%

$ per
•

26%

19%

common

share

27
*20

t per share

share

$ per

26%

27

27

26%

for

the Week

Oct. 22

v

27

20

Murray Corp of America com_:—10
4% preferred
50

5

S per share

*19%

25%

Oct. 21

Sales

Friday

Thursday

Oct. 20

25

common

Murphy Co. (G C)
4%% preferred

Dec

$ per share

'',

Wednesday

25 '»
19%

Co

Munsingwear

10

May 15

Jan

16%

Mfg

Receipts

18

I per share

PRICES

AND HIGH SALE

Tuesday
Oct. 19

1

Corp

Brass

Oct. 18

No par
5

Corp

New

22

15% Oct

7

33% Feb

112

Dec

9%

Mueller

11% Feb

40%

Apr

9

Nov

15%

May

Motor

Jun

33% July

22

14% Oct

May 27

24

19;

Mar 17

19

Oct

Wheel

23

19% Mar 17

Feb
Mar

Products

Motor

Monday

Oct. 16

Par

29% May 27

LOW

Saturday

V

t per share

22

20% Jan

Oct

^

EXCHANGE

Highest

-Lowest

Highest

1

#

STOCK

YORK

NEW

Range since Jan. 1

*66

10%

•

33%

33%

33%

33%

33%

9,800

33%

33%

33%

33%

33%

54%

54%

54 Vs

54%

54%

54%

2,000

53%

54%

X53%

54

53 %
33V2
95

35%

36%

37%

36%

36%

36

36%

3.200

95%

96

96%

138

4%
49

33%

34%

34%

94%

95%

94%

95

95

136%

137

137

136%

136%

4%

4%

4%

49%

49%

*48 Va

4%
49

4

95%
137

%

*48

4%
8%

4%

4%

4%

4%

4%

8%

8%

8%

9%

9

16%

*16%

65
93 %
8

64%

24

102
21%

93%

*93

8va
24%
*100

17

64%

.

20%

21%

102

20%

102

21%

434

4%

v

23,400

27,500

9%

9%

9%

16%

16 Va

16%

1.400

64%

65 %

64 %

65%

10.600

93%

92

92

93

24%

4%

9 Vb

16%

92%

8%

4%

9%

92

25

2.100

49%

93

8%

50%.

4%

65%

25

1.800

50%

64%

8%

160

4%

4%

*16%

24%

136%

48%

4%

330

136 %

4%

65%

17

137

48%

64%

♦16

95

136%

*4 %

16%

8%
102

33%

*92

8%

8%

8%

25%

24%

24%

"100%

102

100%

20%

21

20%

102

20%

8%
*24

83/4
24%

260

11,100
1,400

*100%

102

10

20%

21

34,300

Volume

168

Number 4745

THE

COMMERCIAL

NEW
Range for Previous

"/

Year 1947

Lowest

Highest
$ per share

37

Sept

2

53%

Dec

33 %

7

Dec

j

2

10

Mar 16

51

31/4 May 17
33% Jan
2

Park Utah

Feb

24% Feb

11

30% Jun

Parker

Feb

6 % Mar 16
9

Nov

48%

Feb

29

24

Sep

28

11

Rust

Parmelee
Patino

Feb

38% Feb

27

18>/a

Oct

15% Jan

Penn

Feb

10
Sep
15% Feb

16

24%

11

20% Oct

Penn-Dixie

36

Apr

28% Sep

10

34% May

Penn

117

Jan

109% Oct

22

29

Sep

X107

Dec,'

18

Dec,

22

Jan

151/2

Dec

26 7/8

Feb

171/4 Sep
16% Feb

May

51%

Jan

37

Oct

Feb

38

111

Dec

112

10% Feb

4

Feo

9 % Sep 28
25% July 30

Jan

99% Aug 27
9% Feb 11

1%

May

12

Dec

13%

Jun

18

Oct

14% Feb

Jan

47

37

May

62%

3.61/4

Apr

48%

491/2

Dec

59

•

2

Feb

11

40% Feb

Dec

13

Mar

50

95% Mar

Feb

5

Apr 22
45% Jan
6
99

Oct

21

Ug Oct
20

% May

7

Peoria

5

Pet

104

271/4

Jan

21% Feb

26

24% Jun

Jan

22% Jan

26

111%

Pfizer

8

Dec

25% Sep
115% Jun

Jan

21

21

Jan

Jan

28

20

111

35%

14

Nov

Dec

98% Mar
43%

88

Dec

19

Jan

22

81

Dec

Jan

28

85
25

85

,

47%

21 % Oct

22

Sep

1

Feb

87

97% Jim

83% Mar 17

88% Oct

$1

div

4.4%

1

Phila

Philco

30%

30%

30%

30%

47

1,600

47 %

47

47%

47

47%

46%

47%

13%

13%

3,600

13%

13%

13%

13%

13%

13

13%

20%

2,200

20

20%

20

20%

20'%

11,000

30

30

18%

I

i—100

Reading Coal & Iron.
common

88

Dec

■1«%

102

Jan

32%

Dec

16

Dec

16

Dec

Aug

169

163 %

Nov

32V4

Apr

Aug

42%

May
8 Vb May

<10%

203

7

114

Jan

126-

Oct

11

144% Oct
157

6

"4%. preferred
3.60% series preferred—

Jan

84%

Sep

May

20

27
28
9

15

Feb

13

Jan

38%

145

Jan

9

Oct

14

Jan

165

Dec

200

Apr

28% Jan 22

;

9

Oct

96

Jun

22

preferred

/ Pittsburgh Steel Co com

*7%

preferred

// 5%

tper share

5%% /1st

ser

24

161

July 7
46% July 13

Lowest

6 per share

Jan

Dec

33"

Jan

6

35'%

Oct

29% Feb

14

46

19%

Oct

27

Nov

16% May 20
14% July 12

Poor &

15%

12% Sep
12% Jan

27

11% May 18

Pressed

28

12% July 28

Plymouth Oil Co

Jun

4
24

May

16.

Feb

Dec

43

Feb

25% Oct

11

35 %

71%

Nov

62% Feb

16

71% Jan

32%

Jan

18

Feb

27

28% May 25

IO2V2

Feb

81

Mar 11

38%

Jan

57

May
15% May

85%

Dec

30% May

7

Sep

32% Jan

94

Apr

9

15

39% July

29

24% Jun

Sep

27

30 %

4

39

Oct

21

53

Jan

42

May 18

61%

Feb

29%

Dec

X25% Feb

5

Oct

109%

Jan

101% Feb

13

24%

Dec

36%

Feb

x25

11

Feb

108% Sep
33

6
25
5

%%

Power

101

22%,
*23

23%

*107%
95

-V

95

,

.

21

20%

41%

42

82%

35

$4.75

35%

35%

*88

10

Public

Service

Pub Serv

$1.40

Co

El &

div

513/4

52

52

53

54

100

100

101

102

.

..35%

*86

23%

•

22%
23=4

108'A

97

*94

.,

1051/a

20%
42%
82

35%

35%

90

90

*89

V.

,

42

-

<

*12%

65 •'

65%

•64y«

65%

64

65

,14%/

*12 V

.*33

v

,

*99'A

,•33% 1
100

*107

<*85

*85

115

*12%

13

13

*86%

88

•88

V

32
20

%
V

*143
*162

32'A

*

33'%

33%

87A

8%

21

*144%

147

*161

165

33'A

8%

165

<

8%

•

17 VB

~!

168

90

*22'A

91

91

*22%

231/a

*145

150

*31'/a

*145

33

91%

77%

*76

•

*162

*75%

23%

92%

;

9

.

32%

33%

32%

33

17,500

12'/a

33%

13%

33%

900

88

20%-.

.

33%

20%.

21

149

*143

1

*161

166

*162

;

34%":

33%
8%

9

M 17%
*165

34

180

164%

Ya

V..

10,200

9%

7,300

18%' *13 Ys

5,200

*165 U* 190
93 Ya
78

/

96

78

24%

i"

149
.

93%

10

78

.25%

*145

10

4,200

'

1,300

35

8

,18 %

60

3,000

88

33%

33%

•

■

13%

13'A:

88

77

25%

*12 i-V

*143

V

100

://".'■% .10

65%

101%

:•//• 93

150

12%

90

64

115

33

77

25

87

*87%

*100

<•20%

-93

*145

*86

>12 %

*107

-13%
V *86%

92%

25

80

100

101%

<

•

6,800

90%

115

-

*75%

;

77

150

V n

9'A

,;.C 17%
•Y 18%
% 165
165
V

24

334

,<•

35"

<•

*89

'/a

33

*107

165
i.

43,500

,

14,200

12%

-

33

149

33%

9 •-/"'

17%
168

20%

*162

•

*12

-

33

20%

*145

•

88

32%
'

'

*145

150

32'%

•-

33%

8%

>17%

,

168

"

*75 % [■11

33'A

~

17%

*162

90

<

17%

.

*100
■

13'A

<•*86%'

-

32%

20%

,

147

33'/a
,

12%

:•}

440

35%

35%

63 Yb '"•i 64 %

101

20

<

V/ <

33'A

*107

32%

164'/a

•'

*100

19 Va

*161"

33

115

32%
147

*12.

100

19 Va
144 %

•

100

32 'A
*

12%

33%.;

•107-

13 *.

12%

88

•

33

100

*107

13

•12

w

115

*99%

115

*12%

14%

33%

33%

89
,*

21 %

42'At: 42%

*82

<

,

12%

*86

123/4

:r

.<

87

87

90

65%;:

210
200

...

84%

90

*86Y4

633/4

106

20%;
<•

•

35 =A

*86

:<-:

106

■

100

108%

89

35

*12%

*12

200

•

•94%,. C4%

84

12%

12%

480

7,700

23%

108%

42Y0

*82

1,900

13,800

22%

*23

97

V 106
21
203/4

42

22%

108 %
•

106

82

•n

90

87%

*86

*89

22%

108

20%

'

42%
82

35 Va

,

...

90%

)

22%
23 5A

105%

20 7A

413A

100

1,400
(

150

33% •"<34

25

*145
;•

343/o

1,350
50

25%

1,200

150
36

3,700

Monday
Oct. 18

fper share
11 Va

*10'/a

Wednesday

Thursday

Oct. 20

S per share

$ per share

Friday

Oct. fit

I per share

Sales

Oct. 22

for

the Week

I per share

Shares

*10%

11%

11

47%

48%

46%

47%

47

47%

10%46%

11

47

47

44

.

42%

43%

46%

43%

47 3A

43%

5,400

43%

43%

43%

43%

43%

44

14%

2,200
1,100

13%

11,500

*10%

11%

*10%

11

lOli

200

14%

14%

14%

14%

14%

14%

14%

14%

13 3

14%

14%

8

13%

13%

13%

13%

13%

13%

13%

71/2

13%

7%

13%

7%

13%

7%

7%

7%

7%

7'%

73/4

7%

8%

7%

*253/4

273/4

*25%

66%

66%

66%

.

Tuesday
Oct. 10

t per share

23

23 Va
82

*36

27

*25%

66%

66%

7,800

27

27

27

*26%

273/,

27%

273A

200

66%

663/4

66%

X66

66%

66%

66%

22%

5,300

22%

22

22 %

22%

223A

*82%

83%

7,500

*82%

21%

22%

22

22%

*82%

82 %

82%

83

%

%

36%

84

37

80

37

37%

21%

373%

83%
37%

84

36%

—No par

21%

21%

21%

37%

38

21 Ya

21%

21%

23,200

21%

21%

com__No par

26%

26 Ys

21%

26%

215/8

26%

-26%

26%

21 Ys

13,300

com

37

37

26%

41%

26 %

41'A

26%

41%

41'A

26 Ya

41%

11,000

42%

41%

413%

39

41

No par

common.

26%

No par

(The)

40

35

35V4

35%

35%

40 %

35%

35%
107%

353/4

36

28,600

35%

36

35%

36 Ys

14,600

preferred

100

106%

Purity Bakeries Corp

No par

*29%

Quaker State Oil Refining Corp__10

*213A

conv

57%

90

82

com

Inc

Pure

Oil

55%

57%"

87

Colorado—20

of

Gas

18%

54%

*873/4

No par

preference

Pullman

5%

1

com

;

18%

*12%

5

preferred

cum

18%
55'A
57 Ye

12%

*14

Co

Inc

18'A
57

*94

106

82

V*

1,700

55

*107%

97

105%

82%

; 87Va

-

47

No par

Industries

*94

.

10

13%

18%

*23
•

100%

13

55%

22%

107%

500

57%

100

-

23%

107%

,

106

20'%

22%

*23

108%

106

100:%

22 3/«

*99'A

60,200

28

51%

■

-

100%

100

9%

55%

•

.

10,300

14%

9%

13

1,700

1%

1 1'tt

*14

*26%

12%

290

200

98 '/a

%

57

^

'

109

32%

28

100%

13

*18

*

*27

100%

12%

18%

100 3/4

22%

83 Va'

*42

preferred series A. .50

conv

*99

27%

89%

—No par

Car Co Inc

9%

*87 %:

5

B

Electric
Steel

Publicker

3

July 12

5

class

13%

9%

12 Va

—1

—

Procter & Gamble

May 15

106%

21 % May

Potomac

26

20% Sep

Co

1!3

13%

30

LOW AND HIGH SALE PRICES

Fond Creek Pocahontas

May 21

26

51% May

*99%

Oct. 1«

Plough Inc

70% May

*96

14%
10

*26%

13

*18

V

Saturday
Par

14%

99

98%

9%

52

12%

417A

*17

$ per share

38

9

51%

91

*162

conv

39%
*31

98

*13%

109'/a

*103%

32%

89'A

100
—100

38 'A

105%

*31

*87%

EXCHANGE

21

9% May 10

37%
105 %

32%

*12 %

NEW YORK STOCK

Highest

14%
10

51%

51%

;

.20%

.

Ya:

*86

-No par

B—

prior pfd—100
Pittsburgh & West Virginia.:
100
Pittsburgh Young & Ash pfd
100
Pittston Co (The)__
/._!

10

33%

class

preferred class A

Range since Jan. 1

Highest

Sep
Apr
19% May
11% May
12% Dec

10o

t

100%

STOCKS

Year 1947

I per share

—100

41 Ya
34

Pittsburgh Plate Glass Co___—__lo
Pittsburgh Screw & Bolti
-No par

82 % May 10

26% Jun

gtd

98

57

23 5A

*88 Y

.

Range for Previous
Lowest

*31%

55%

108 »/a

*82%:

corn—No par

Pittsburgh Forgings Co—:
1
Pitts Ft Wayne & Chic Ry com__ 100

20

Oct

C & St Louis RR

convertible preferred—No par
Pitts Consolidation Coal Co
1

7%

*12%

55%

22'/2

19%'
,

—100

$5

169July 15

11

71'/a Mar

17% May

155

1

67

171

July 28

36'/# July 15
15

23 % Jun

2

73% Feb

20%

93

10

Oct

-

Pitts Coke & Chem Co

39% Jun

93%

10'/a May

Pitts C

14%

56 3/a

,97

No par

10

13

10% Feb

97%

56%

106

100

preferred:

13

16

140'

$4

Sep

15

Feb

97

54%

106

__—_—

15% Jun

Feb

59% May
Jan

113

32% Oct
>8*

Dec

140,

Marie

12% Feb

.

Feb

Nov

*15/

Apr

: 84% May 12

Mar

165,

11

97

37%

108%

31%

56

:*94.

—_3

;

Pillsbury Mills Inc common——25

11% Feb

37
*106

107

31%

54%

.

102

*23

preferred series A
-—100
Philip Morris & Co Ltd common
5

8

Oct

1,000

37%

107

32%

18

,52'A

*107'/a

3%%

5

Dec

39%

*37%

108%

17%

56'A

22%

1

34% Jan

16%

26,400

*99

n: 543A

*99'

__-100

103% Jan

96%

19 %

13

56

preference com_;—No par

98% Apr " 1
110 * Jun 14

;

19%

18

*51%

No par

30% Feb -25

Dec

19%

12%

*54

1.—No par

common

7

May

19%

'

25

14% May

96'/2

19%

13

18

_1

-

10

,'10

19%

*12%

100 <r4

*127A

preferred—50

12

Feb

19%

37

100%

18

38% July

19%

11,900

*98%

12

108

19

19%

18%

27%

Phillips Jones Corp com new.No par
5% preferred
100
Phillips Petroleum—__Y——No par
Phoenix Hosiery
5

*

109%

19

*26%

13% Sep 13
92% Aug 31
77%' Jun 15

Apr

110

18%

*95

14%

*100

100

*109%

is y«

27

—5

32

*28%

1%

No par
Inc

*

18%

*30%

97

*12%

—100.

Co

20%
30

19%

32

*95

%

18%

26 %

21

Dec

*109%

110

18%

9%

18

99 %

*29

18%

18%

10

22

30%

20%

30
110

9%

54% Jan
Feb

*28%
>109%

37

18 Va

*30'%

20

30
110

*109%

io

■87% Jan

Feb

*28

110

27

July

Jun

30 Va

109 Va

9YB

12 % Oct

*

*23
*

*26%

63% July

Jan

3,300
12,100

13%

33 %c

Corp of America

Corp

1.100

9%
14

20

—100

preferred

&

%

9%

13%

133/4

47%

No par

.

$6 preferred
Electric Co

7

July

37 Vb

Ry Co

(Chas) & Co

.

9%
14

19%

__No par

common..

Brewing

28 'A

S

Xl3%

19%

501/2 Mar

81

-

13%

*47

com—No par

Light Co_

Phila

3

6

•

87A

7

preferred—:

9

93

47

8%

10

No par

preferred—-J-—.-100

8

Mar

30%

4.3%

45% July

101

30%

3.8%

91

Jan

30%

8

Sep 29
25% Mar 16

.

30

10

Jun

Jan

109

Dec

9

103% Jun

103% Sep
Oct

30%

Corp—_

Phelps-Dodge Corp
Philadelphia Co 6%

14

29%

16%

30%

,

'

May 19
104% May 15

Dec

10% May

30 %

preferred

Pfeiffer

55

Dec

1

*29%

*28%

15%

100

Eastern

Co

Petroleum

20% May 15
64% July 12
59
July 13

23i/o

5

&

Milk

4%%

May 19
17% Jun 21

21 %

91

29

15

Co

Pepsi-Cola Co

6

Aug

Dec

28

8%
15%

Peoples Gas Light & Coke__~—100

24% Jan

109%

95

28 Ys

8%
15%

RR

30% Jan

Dec

104

28%

8%
15%

21

97%

12OV2 Aug
IO91/2 Aug

28%

*8%

14%

*106

22

22

*28%

,

8%

14%

106'/a

1Oct

34

28

28

8%
14 Va

106'A

8
17

34% July

28

*27Ya

5

120

Sep

86% Feb

Dec

2.300

7,400

19

30

Feb

May

2%

25%

19%

Sep

May

2%
25%

37'/a

Nov

6

2%
25%,

IS %

551/2

22 %

2%
25%

*36'/a

118%

23

2%
25%

50

IOI1/2

,

2%
25%

Pennsylvania Salt Mfg Co com—10
3 % %
conv series A pfd
100
Peoples Drug Stores Inc
5

Dec

500

2%
25%

48

Jun

44

2%
25%

preferred

Pennsylvania

44

2%

25%

18

22

43%

2%

27

Apr

43'A

Shares

25%

No par

:

Coke

Cement

Glass Sand Corp

5%

44

*43%

the Week

8 per ehare

2'A

Penn Power &

811/4

103

Jan

44

*43

for

Sales

Oct. 22

8 per share

25%

—No par

&

42%

Friday

Oct. 21

8 per share

2%

,—2.50

Penney (J C) Co—
Coal

42%

Thursday

Oct. 20

8 per share

25%

20% July
22% May 24

20

45=A

-

49% Jun

43'A

Wednesday.

Oct. 19

8 per share

1

Enterprises

Penick & Ford

Jan

Apr

7

Co

Transportation..
&

*42

Tuesday

18

No par

Proof

Mines

13 Va May

'

Mines

Oct.

8 per share

1

Consolidated

Parke Davis & Co

10
May 17
16% Jun 18

37

:

Oct. 16

Park «fe Tilford Inc

May 21

27

38'/a

'

Par

25% Sep

151/b May

Sept
3834 May

Monday

23

RECORD

Saturday

(1707)

LOW AND HIGH SALE PRICES

STOCK

$ per share

Jan

14'/a

8% May
32 %

CHRONICLE

STOCK

EXCHANGE

341/2

28 % May

f

34% Feb

Jan

/NEW YORK

;

Highest

I per share

Jan

41/4

Range since Jan. 1

Lowest

>'

43

Dec

YORK

FINANCIAL

STOCKS

•

I per share

81

106 Va

107

107%

107

29%

30

30

*21%

30

23

21%

*107

108%

30

*30

30'%

*30

21%

*21%

22%

22

*107%

26%

108%

108

108

400

30%

30

30

600

22

22%

22%

400

56,900

Q
20

Mar

7% May

24%

Dec

10%

20% Oct

1

25% May 25

Feb

7% Feb

20

15

68%

Dec

80%

Feb

63% Feb

11

8%

Dec

15%

Jan

,94%

75% May 27
11% May 19

Dec

Radio-Keith-Orpheum

Mar 31

98% Jun

4

Ralston Purina CO 3%%

Sep

34% Jun

18

,

105 % Mar

6% Oct7
91

,

Jun

17

28% May

41

Feb

17-% May

32

Dec

22% Feb

20

x36

32%

July 28

38%

Feb

31

28

35

Radio Corp of America corn—No par
$3.50 1st preferred
-No par

May 17

Dec

28

Jan

30

16% May

22% July

16% Feb

20

37

Dec

24

Nov

48 Va July
39
July

36% Feb

33

Feb

16

39

18%

10% Feb

24

15 %

9% May
96

Oct

11May

Feb

108% Mar

16%

Feb

$2

Dec

14%

31

101

Feb

Jun

2

May 27

Jan

21
11

18

9% Oct

13

14% Jan

105% July 12

May 21

21

Oct

6

7

10,%

Dec

17%

Feb

9% Oct

20

62

Dec

2514 May 21
13% May 24

84%

Feb

57% Oct

13

66

12%

Dec

17

Aug

10% Sep

27

Nov

1514 May 21

102

Jan

95% Jun

17

99

196
24 %

Jan

4% May
3% Dec
9%

Dec

22% May
101%

Dec

14

May

91

Dec

6%

Dec

19%

33% Oct
9% Jan
8%

16

30%

Feb

110

21

29% Jan

10

13% May

13

6% Oct

22% Feb
103

5

10

7

8
514 May 20
11% May 21
33 % Oct

22

111% July 14
2114 May 15

Apr

82% Feb

17

102

11%

Feb

5% Feb

20

8

27

Jun

39

Jan

19% Feb

124

Jan

92

104

Dec

11

Jan

85

,

15

15% Feb

May
9
May
36% May
45
May

90

4

Aug 24

6% Feb

Feb

113% May
24% Feb

Oct

Aug

2% Oct

Feb

15%

16%

Feb

Reading

Mar 19

44%

Feb

7% Sep
35% Apr

50%

Dec

46

May

28
23
'6

Co

1st

4%

non-cum

2nd

Real Silk

7%

Oct

21

May 15
29% Apr 22
104% Jan

5

11% May 26
4114 Jan
2
50

Jan

8

Jun

1

div

Reliable

$4.50

13%

13 VB

133/4

67'/a

68

94

94

7%

94

*92

7%

7

*92%

94%

31

31%

31%

300

32 3A

325/a

33%

2,200

33%

333/a

333/8

600

25

25 3/a

2,300

*42

43'%

200

37,
v 37'A
12%
13

800

30

30

32%

32%

32%

33%

33

33

25

25%

25%

25%

25%

25%

25%

44

43'A

43'A

*42

44

43

43

37

*36

37

36%

36%

12%

12%

12%

44

*43'A

36

361/2

*35%

37

12'A

121/4

*12%

13%

50

*30

30

*32

30

<

941%

30

*29

323/4

1

13,000

*92 »/2

94%

7%:-

-33

*33

1,500

7%

*92'%

7%

32Vb
33VA

/

69 3A

7'/b

7%
94'%

30

32'A

Reo

Motors

Republic

5%%.

Reynolds

26

49

Jun

21

Richfield

31

Feb

21

Aug 11

28

Jun

15

Ritter

19% Feb

14

g?'

Dec

20%

Nov

15% Mar

19%

Sep

24%

Oct

17

42% May
17% Dec

68%

Oct

54% Jan

2 6'A

Feb

12

page 26.

-

8

Mar 16
22

/-'Sep 28

23% Oct
72

May 28

1814 Jan
'

YOJ.

f.fju

11

27% May 27

...?

6

:

13%

133A

133A

*93/8

9%

*93/8

9%

21%

21%

*21%

22%

*21%

22%

..100

>•(! 25 %

12%
*100

13%

59

*57%

'9%

10

93/4

59

57%

58

*56%

11%

11%

11%

*97%

99

*97%

98%

17%

18

173/a

17%

11%

22%

10

11%

33

33%

32

%

*33

103

*100

103

13%

13%

13%

9%

9%

9%

95/B

11%

17%

17%

17

175/a

9%

9%

9 3/4

2%

23/4

23/4

2%

2%

preferred

10

6%

6V2

6%

6 %

6%

100

Tob class

B

10

*2014

20%

*98%

*106

99'%

5%
23

*100%
*7%

36%

20%
100

10

99

16%

9%

2%
6%

6

57%

11%

60

16'A

12

9,300

99

*98

100

163/4

9'A

6,100
7,300

S5/b

23/4

3

6%

30%

323/8

31%

32%

323/g

33%

90,000

*106%

107%

107%

107%

*107%

]08%

108%

108'/a

200

20%

20 %

20%

20%

20%

20%

20'/2

203/s

20%

3,500

*100

100

6%
32

101

6'/a
32

101

101

%

102

53/4

5%

5%

5%

5%

5%

23 3/a

23%

23%

23%

23%

233/8

101%

101%

.

*56 3A

2,400

303/4

5%

8

400

9%

107%

22%

36%

2%

600 V

24

93A

4,600
1,900

5%

102%

10

2 3/4

23'%

•

11%

11%

*23'/8

I,100

102

102

102

103

102%
7%

„

6%

102

5%
24

102%

73/4

8

7 3/4

7%

7%

36%

37

36 %

36%

36%

37

xlG%

36%

*45%

73/4

8

6%

100

100 %

5%
24

6

102

100

20,600

I-

24%

5,100

,

102

7 Ys

380

8%

1,300

36%

36

II,000

lo

*46

4-7

*46

47

47

47

47

*45'%

47

100

81

81

81.%

81%

82

82

80%

81%

80%

81%

*81

81%

1,400

20%

20'%

20%

20%

20%

21%

21

213/8

21%

21%

21

21%

2,800

No par

33 %

34

33

34

32%

32%

32%

32%

32 %

33

34%

No par

*22%

23

*22%

23%

225/a

22%

*22%

23%

*23 %

24

24

24

5

5%

5%

*4%

5'/a

5%
10%

4%

,

3.60%

30%

30'A

107'%

58

16

9%

29%

9%

*98

2%

10

25

*56%

983/4

9%

*106

58

*23

vU 93A

11%

9%

com____No par

9%

983/4

2%

10

13%

23

series
.

Corp

Company

1

Copper Mines

5

Robertshaw-Fulton Controls com—1
4%% conv preferred
25

*46

47

<

5

10%

10%

10%

103/4

10%

10%.

*26%

26%

10%

33

10%

26%

5%
11

'/a

50

15,600
,.

200

5

5%

3,100

11

11%

15,100

*26%

26%

*26%

'27%

26%

Ronson Art Metal Wks Inc

27%

23%

2

23%

23%

235/B

235/8

23% -23%

23%

23%

*23

23%

23%

23%

Royal Typewriter

1

21%

21'A

21

21%

20%

21%

21%

21%

21

21%

21'A

21%

61

61

62

62%

62

62

613/4

62

62

63

64'%

643A

1,500

12%

12%

12%

12%

12%

12%

12%

12%

12

12%

600

Ruberoid Co (The)__

Ruppert

(Jacob)

:

No par
5

*12%

*26

26%

*12

;

800.

103

9%

113A

1

103

13 3A

98 3A

*98

50c

Manufacturing Co
Oil

*57%

10

9%t

common

Corp

Roan Antelope

10 'A

1

(R J)

Preferred
Rheem

no

50c

Inc

Pictures
Steel

—5

25

Common

94

July 12
29% July 12

13%

9%

No par

preferred

24% May 18

12

103

13%

Drug Inc
2.50
Reynolds Metals Co com
No par
5%% convertible preferred
100
Reynolds Spring
l

14

5

*100

103

123%

9%

Rexali

28

7% May 21

*100

12%

13%

6% conv prior pfd series A
100
Revere Copper & Brass com—No par

Oct

29

Corp___

convertible

19% Sep
15% Jan
4% Sep
6% Feb

103

;

-10

prior preference

Republic Aviation Corp
Republic
$1

*100

*35

50c

preferred

80




12%
67%

25 Vb

100
—

pfd 3%% series
Remington-Rand common.

Feb

see

13%
68

*43%

5

common-:

Inc

Stores

Feb

footnotes

12%
67%

*25

50

Conv

Dec

For

13
68

*33

—50

preferred

Reliance Mfg Co common

18%

1

12%68

7%

(Robt) & Co—

$1.25

25%

10% Mar

Hosiery

Bros

Apr

Sep

13%
67%

-

7

50

preferred

preferred

Reeves

Jan

5%

*29

1

common

non-cum

19

23% May

No par

V

7%

25

4%

13%

Y

68

94

common

12%
67

13'A
'

6%

100

preferred

'

11% Feb

Nov

29%

Inc

13%
68

'

27% July 12
'
Apr 27

45

Reis

12%

20% May

pfd

Raybestos-Manhattan
Rayonier

1

—

22'/a

1,900
600
^

2,300

24

Previous
Highest

Lowest

t

Lowest

St

;

PRICES
'•

it

'

per share

1

11

Dec

67

Jan

2

60 Va

Dec

Jan

29

5Va May

%

12

Jan

"

Vs Jan
Dec

18

May
Dec

681/4

57

Dec

32% Feb

37%

66

11

8% Feb

Feb

13

18

21% Jan
Jun

17%' Oct

1141/2 Mar
111/2 Feb

107% Sep

Dec

108

7.1/4 May,
40'A
92

10

Dec

51

18 Va

Jan

Mar

102 %

13%

Nov

83%

Dec

11V4 May

24%

39% May

55

Feb
Feb

19%

79

Dec
10 Va Feb
40% July

5 V2 May30% May

6%

621/2 Jun

151/4 Feb

Dec

101

Apr

30%
40%

70
14 %

Dec

11%

Jan
Feb
82 21% Feb
22
Feb

Dec
Dec

5

42% May 18

Sears

12% July 12

5% Mar 17

8V4 May 15
Jan

26 Vb Feb

11

,36% Jun

2

Feb

11

46% Oct

22

Sharon

11
Feb 25

27% Jun

10

Sharp & Dohme

4

.151/2 Jan

2

9

13% Oct

20

17% Feb
68

►

10

Aug
Mar

12

Apr

78

35 Va

11

46% Jun

15

91/2

Dec
Feb

28% Feb

6% May

5% Mar 17

71/4 Jan

5

Apr

6%

Feb

4% Feb

5

7Va May 18

Jan

27 Va Feb

14

Simmons

Jan

Simonds Saw &

18 Vb

Dec

15

21

Sinclair Oil Corp

May

Mar

117%

Dec
Oct

92V2 Feb

10

160

Jun

21

Feb

11

,

25

Oct

22

351/2 Jun

3

May

/ 15

26V2 Sep

28

391/2 Jun

Smith

39 Va

Oct

30% Mar 17

87 %

Dec

102 Va

Jun

81

98

July

Jan

19 '/4 Feb

5

Jun

9

Dec

35%

26

23 y4

Dec

14% Feb

11

23

Jun

16

13% Mar

17'/4

104V2 Jun

14

Sep 29

91

8%

Apr

22%

-14% May

36 Va Mar

Dec
341/2 Jan
28 Va Feb

Dec
July

Oct

60

7,

42 Va Jan

Apr

501/4

Dec

43% Feb

11

62% July

May

50 V2

Jail

33 Va Feb
58V4 Feb

11

28

20

70

July 12

Oct

13

73

Jan

57% May

77

Feb

Nov

81

Aug

68

69

9

6

Year
-

$ per share

Feb

26

7%

Feb

4

May

141/2

Jan

Dec

93%

Jan

7% Jun

5% Sep 27

8

73

"23% Sep

Oct
Feb
9OV4 Feb
18% Feb

May

8

681/4 Dec
13% May

27
20

30% Jun

.

61Vb Mar 17

May 14

.

*4%

Conv $4.50

.

22

Sep

27

29 V2 Jun

3

79

»/2 Oct

18

91 Va Jun

10

$4

*99%
3%

•*

,?

No

109 7/a Oct

22

$6

prior

121

Oct

22

$7

prior

May

27

50% Mar

63

54»/2 Jan

27

73

Jun

15

441/4 July

36% Feb

13

53

Jun

J.6

Standard

Oil

371/4 May

: July

169 '/a Feb

11

92% Jun

15

Standard

Oil

31% Aug

24% Feb

27

35

14

Standard

Oil

Oct

14

97% Jun

Jan

105

151/4 May 21

Feb

IIV4 Feb

10

Jun

Feb

38

Feb

11

May

37

47

Oct

37

Feb

16

411/2 May 26

Jan

111/2 Mar

6

.15% May 21

Jan

32V2 Mar 12

34

49

Dec

*88

Dec

Mar

191/2

Feb

12 % Feb

11

16% May 26

24%

Oct

10% Sep

20

18

21%

Jan

151/2 Sep

24

20

17

Feb

11% Jan

6

25i/8

Jun'

Feb

16% Mar 16

May

105

July

109V2

51

May

114

Dec

.7% Oct

Feb

15%

5OV2 Mar 19
9% Feb

Sep

9V4 Mar

24V4
160

Jan

'24V4

May

May

■

47

18%'

Oct
Dec

Feb

14

Mar

38

141/2

Jan

21V4

1

Jun

,37%

Jan

27'/4

Dec

Jan

.

l
9

21

.July 13
1-1% Mar 31

43

281/4 Jun
:

9

235

Jun

9
17

27
/

91

3

; Aug 13

10'/2

Feb

4% Mar 12

7% May 18

14

5% May

38

287 k

29

29

287k

2C

597)

Feb

91/4 Mar 16

11% May 21

Sep

10 Vb

3% Feb

11

5% Jun; 28

7%

Jan

-

Jan

20 Va

3% May
13% May
53%

Aug

14% Mar 16

197« May 27

68% July

52V4 Feb 14

67

I71/2 Feb

25 % May

24

Dec

*

15

8

••

58% Nov

Feb

13

71V4 July 12

19% Sep

46% May

47

27

Jun

20

24V4 Oct

65 A

*69

251/2
29%

83

1

23 74

.

l

69'%

70 Va

91

*89

*38

40

%

*14

>

*14

'■

34%

341/8,

*38 "4

v.,,

14%

r

*12%:

16%-

*"16 Va

16%

,24%

241/4

"117

Superheater Co (The )_>
Superior :Oil of California

No par
25

Sutherland

&

Co

i

$4

■'
■"

116

:

118 V4

*116

18%

18%

1'8 7%

>22%
;41

23%

'23%

2374

10

5188-

257a

>

23%

23V4

117

1
:

137 k

19 V%

41

41

lO'/a

10%

10 Va

2574'

26 Va

;

192

*188

195

18

"

17%

177k

*40%

4274

'"*42'4

427k

*4274

974

% 97%

31%

'

t

*188 •

..7,

18

is

.

'

41

42%

'

8

Corp_^
L__4
L_—

Corp

Co-

Dec

19%

Dec

16

For footnotes see page 26.




Oct

JS

24

May 22

conv

10'/B

974

974

26

-•

>

9 Va

317k

31

31 %

127k

127'a

12%

12 Va

12%

12%

12 V4

23%

23%

2274

com_'_No par

237k

237k

2374

23%

2474

85

85

85

'

V2

*83

.

'

2374

83

83

85.

,

.

3174

*83

T

57k

"

57k

_l

5%

57a

31 Va'

;

:

-31 '/a

.'7

574

-

:

—/

^9
5
5
25

i

7k

17

:

57.

100
common/—1/1111—50c

preferred——No par

4

47k

-

177k

17 V4

57 Vk

5774

57 7'a

58

197/a

197k

20

677k

6774

1974
66%

-66%

23 74

23%

23%

43%

447 •',
54''2

44

12 Va

16%

24

..

*53%

.

I S 7s

•,

*2274

;

2374

10%

,10 74
*4":k

1C%

*4%

5

47k

18

18

17,400

19 74

23%

67%

63%

6-7%

23 Va

2374

Vv 3/,

23

Va

23%

43

4374
55

12%

-.,-12%
*

16%

-

•

127^—
'17 "

43% ..."
"54"'".;,/541/3,

■' 43'

44%

437k

.

—13-

>17

>5 474

.

i

600 %

59,7k

583/k

67 Vk

200 '

4,200

68'

123'8

/

4%
18',2

•

18%

54%

2,100

■

17.7k

67 7k

54%
17

57k

5%

58' %

*53%

*167/a

■

V-: 57k

*10 Vs

}

574

49'4

.

20

■

587k

54%

V

85

1874

;

11,300

23%

%:
i

19%

.43 Vs

17,

23

10,400

12%

•12 7a

*83

5,400

17%

44%

127k

23%
85

2,700

31-

587%

.

' 44

1274

■

300
1

11

19'/a

,

*

-

12%'

'12-74

1674

.

...'

337 k

*/■

30 7k:

58

68

1974
66 '/a

.

,"

*10'/a

.17%

17%

17

57 Va

5

*83'

*42

-

■

10%

in%

10%

17*

1974

*53%

*4%

•'.47k

47k

Va

*10

10%

*10

10%

*10
f *4

574

574

i-

300

2,700

427a

10

974

.4,600

.

18%

42 7 k

*42
(•
J

900

192

•

18

in 7k

ig'/a

800

'6,500
/

-7,300

26

25%
*187

187-• 190
;

107k

10%'

1014

2574

•

127k

9

•

$1.25

41%

•i

41%-

317k

Te-xas: Gulf Producing-1—
—il
Texas Gulf Sulphur—-:
No par
Texas Pacific Coal <fc Oil new
10
Texas' Pacific Land Trust-^:' Sub share ctfs'—/!.—/_
-1
Inc

:41

41%

*12 Va

(Jam'es)^

Telautograph
Texas

:•* 2234

43

-42 '%'
'

974

22,800

137k

19'/2
23 74;

*3i74

Symington:Gould Corp.

'Tennessee.

187 k

*

117

>

•

50

2,600

■i

200

23

193

18%

*

v

.

6974

23 Va

!_

preferred—-'-——_No par

Talcott Inc

■

94

v:

-

4,800

9

87k:

19'A

10%

26

/ 41

117

19%

25%

.

247k

70

137k

2974

800

25%

•5,100
26,100

69%
*116 /
13 %

13 7a

3.500

16 %

177a

,

19

23

,

14

:

•*91

137k

107k

41

.

*116

'

13%

94

.

19

:■>

1374
19

-

09%

>' >70

*116

lie:;

<-91

.

92

■»,

70

/

<\

70

.

92

i6,200
43,300

2374

17 Vo

3%

s,-

500

'7,200

91

'

*16

247k

87k

95

*18

*17%

"

237k

874

26

192

193,,

,

247k

87k

2574

%
^

:257k

24 '/a

107k

41

41.

101/4

16.74

i

14%
34%

28%
13%

17%

•;•■ i*6%

;

-1374

-

16

16%-

40

14 V%

.13%

16 •

8 Va

135/a

137/k

13%

13%

■

—25

Ltd

Sylvanlft Elec Prod Inc

69

28 '■ 287k
13%
137 k

13V4

;

100

*89

247 a-

,94

.

13'%

41%

34 Vo

91

97 k

—a

International

%

8'2

*17%.

10c*

Sunshine Mining Co_:__

118

,

24'%

:
■

10,800

*3374

14',%
34%

*

*89

15%- 16

;.

14 %

100

15%

41'A

.

40

33 7k

137a

12%

74'

167k

'13%:

1
4V4Vp preferred series A_,
—25
/ 4%% preferred series B
;
25
Sunshine Biscuits Inc——.a—12.50

Sunray Oil Corp common—

16

167k

69

6874

69

*.687'8

,

-13 Va-

16

*

28%

13'%

13%

1274

287a

7

28'%'

41 %

*3374

.

14% <V14%
33%
34
*89
1 90%

.91

1374'

.

17,400

93

147k

147%

.*4074

40

,

27
*91

1474

'15
41%

'

%r

28
93

27 '/a

93

„

79 Vk:

79 %

78%

:

*91

*387k

'

""

79-74
277k

*40%

.

34%

24

.

14, %

287k

95

*92

95

*91

...

874

87 k

*8%

42,300

24'%

V 24 '/a

*92 •"

807k
2774

X78s/a
27%

16%

■■

Chemical Corp common—
1
$4.50 series A preferred—No par
Sun Oil Co commonNo par •>
Class A 4% % pfd_u-——1
1(J0

11,700

16%

16%

5,800

121

11UV4

II,200

14

.

I,100

47%

14%

*89

1274

27,700

-

707k

13 3 k

12%

log¬

360
.

109%

•10:7

2,10

...

/. 17,100

*

263k

:

•\'v25v4.

in

116%

81

457k

29

*16

25%/

23 7a

69

93

"

13%

82/

2474
•*107

96%

■

80 74

81

81 Vk

2

23%-

;

4574

40

90'%

"28%

12%

*1574,

34%

*88%"

90%

*881/2

34V4

237b

1,000

70'/c

42 %r

'

*951.

96%

23%

/

45.%

>14 Vk

14'%

r

24%4

"95%

4,200

24 34

'

2|10

)

187k

45'%

*40%

<

24.

1-8 74;

>*24%.

45%

*38 7 k

42

40

187 a

69'/4

27%

1474

1434"

> *40%

18 7k

6.400

70'a

45'%

"

> •"

42

10
' 10'/a
68% i 6974,

67 %

'

„

10.300

30

10/

67',%

;

10

1,500

.<?:'■

257*

■:-

70

8174-1

*90

91

147k

14%

14%

*40%

'

457k

•

19
247k

/

29

9%

;

400

39

25

29 V%

29%

%

10-

67 Va

500

2,800
■■■:..

674

69

-

■

:

574

■■

70%

2 7'/a

'

°2774

29

24.';•••'? 24%
«><10T V10774
117% 117'%

117%

81%

-4.«

82 Va

27 V4

.

25%

r81%

107

697/a

81V4

47 91

.

;./1

69

*24 7k

.

24 V4.

117

457k"

45 Vk

*66

'*95% ' 96%
2374
24 Va

81

107

}

118%

-

69

24 7'a

'247k

■

243k

24

108

11474

*
'

v6%

67-4

18%

'24%;

*7974

82'%

105%

*

V4

6

Week

Shares

lC7k

1C%
5V4

18 '/4

"247k

4

*31,4'

67%

95% ' •95%;

791%

1

..

18

23%

the

674

.

24'4

.

share
1.6

Sale* tor

'$ per share

57s

>■: 9%

'

237k

Friday'
Oct. 22

v

5%

"r", 297k
-

10

67'%

96'4
23'%"' 237k

13%

Textron

18'/a

7,600
1,300

71

1674

24%

29%

97 k

96'4

231/2
•

23 74

,

—1
5

Texas & Pacific Ry Co

11

65%

57a

*66

24% of 24%

-

9574

28%

20% May 24

45% Feb

Dec

-47 V»

*70

167/4

»;*:l
^

67%

18

137a

65% May24

Feb

151/4

45'%

;

57k

2474

29'4

10 Vk

17%

'28%.

5

58%

Dec

16,700

64 Va

:•-;,:

$ per

"

*67%

9574

(J. P)

Mar II

Jan

10,100

607k

1674

57k

2474

67%

27%

48 % May 13

Jan

30
:

59'2

71

Oct. SI

-

per.share

t

69

*66

17%
17%.
i*247k - 25%

67%:

Oct. 20

57k

o57k

.

68

80%

Inc__—

57 k

297k

974

45

10

13%

3,100

29 Vk

'20',4

65

"~

2,000

38 V4

29
v

/Thursday

> ' Wedt»esclay

/I7v%

*16'4

25

29 Vs

10 %

.

-

S per share

69

10

27%

Feb

41

(5

*69

HIGH SALE PRICES

Tuesday
Oct. 19

4 6

*66

44%..

Stores

:

57k

*5 7k

6 :,

69

80%'

29

15%

:

71

c

2,700

41

'

v

4574

45 3 4

64%

,71

1674

5V4

of

Dec

34%

•59%

45

"

*

May

10

.

59 Vk

14 ' "■:

*37i/4

28%

58%

2874

-

■

29

5

-407k

38 V*

*37%

*'37%

29

*69

t per share
*16

5%

70 '/a

Swift

.Jun

5974

114 V4

Swift

26

2874

17

1027s

8

Jan."

28%

ihar'e

11374

27

22

28%

'

40 %

38%

287a

71

*101V/2

16% Jan: 19
.

40'%
*37 V4

*69

par

36%.Jan

9

14

13

41

65

par

Superior Steel Corp,
-50
Paper Co•
10
Sweets Co of America -(The )_i4.16%

19%. Jun
44'/2 Jun

801/2 Apr 21
1

26 V2 Jun
.

40

287a

24%

Sun

7

11

17% Feb

.;

Dec

1

/July

40 V2

457k

697/a

—

15% May 24
211/2 Jun-

11

29V4 Sep 27
12 V4 Oct: is

281/2 Feb
1041/4 Mar

Dec

1

70% Jun
120

/

403k

407 k

29%

5% prior preferred^---—1.
20
Stone & Webster
—^—_^No par
Studebaker Corp (The)——^5
1
*1
■/'
'■
""

Mar 12

Feb
;

9% Oct

Oct

30%

Feb
Mar

140

.

9

19% Sep 27
34% Mar 2

Jan

13% Mar

17Va May

i Sep

11

13%

>>

600

60

59

13%

64

*25

i

98% May 25

20

■47

*43

oH

4474

*5%'

par

Stokley'-Vah Camp Inc common

15

11% Man

,

47

137 k

65

& ,Co Jnc———15
Stewart-Warner Corp
1
5

Jan * 8

29i/4 Jun

15,400

14 7k

45,7k

*66

preferred—V—'—i—^.100

3 % Vo

,

2

18% July
:'

1131/2 Jan'31

451/a

8% May

79%

6

5 Oct

12%

32% May

18%

Oct

92

Apr

18

20%

.Jan

87-a

13%''

597k

of

Bros

Stevens

36V4 May21

•

751/2 Mar
125

Jan

36

9

,».

10 Vb May

13

7

Feb

27

101/2 May

1011/2

8

Jun

97

10

2,700

8%

58

,,,

600

33i

13%

13 74

13

60

•*57 7k
•

48,600

20

1001/4

374

*43

47

/

:

87 k

8%

8 Vs

:

*43

47

59

65

5%

of California—No par

Sterling Drug Inc common

391/4 Jun

88

Oct

14% May

7%

Sterchi

36%

,131/2 May

16

•

■

431/2 May 11

1

104V2 Mar

301/4 Nov

191/4

v

18

May

12

•

*43

*5774.

Oct. J8

t per

Indiana,—r__. ,_25
NeW Jersey— _25
Ohio common.. -10
100
3%% preferred series A
—1
Standard Steel Spring common.
-50
4Vo convertible/preferredStarrett Co (The). L S
—.No par

11

17V8

41V4

■

Standard Oil

49

10% May

8%

8'/a

81/4

57 Va

4474

*16

■

of

94

100

3%
87a

Monday

pal-

11

89

20%

.19%

374

400

20%

19%

•

100

440

>92

92

99%

•37 k

47

Oct. 16

pref_-No
preferred—-——No
preferredNo

—

Standard Q & E Co;,$4

273s May 15

21

Jan
Dec

2,900

*82% >83 '/a1

21'%

37 k

287k

71

5,400

-

37k

%

4,700

34%

%

93

*20

21%

25

38%

•:>

•83

"

*92

2,200

-307k;'317%

3:,4

587/a

'2314

Feb

23%

34

200

29.500

'/4

129

24%

24%

13%

58%

*69

'

3,300

30

128

12674

2374

99%

38%

65%

123%

1974

.45%

58%

*44%

26

100 %

59

*65

2574

19%

*

28 %

28 y4

25%

*99%

287k

28%

237k

'

197 k

40%

38%
■

5V2
39%

:

100'/4

*37%

40%

28%

*82'/2

19 Va Feb

Jun

40 %

*37 %

5,800

5%

29%
38'/%

5 Va

19%

37 k

127 k

3,300

38%

*99%

19%

Va

8

6VB

30

337k

*20%

21

*207k

20%
100

17,600

*37%

307k

92%

300

"42 Va

57k;

92%

700

40%

5%

83%

93

200

14

*13%

1374
40

> 29

33%

*43

12%

117k

30 %;

*82%

k >57%'

57 Va

-

par

971/2 Feb

July

8Va

47

par

Jan

80

i

8

57%''

11',4

;

-33%

37/a

37k

*43

JNo

preferred %

$3.50

Feb
Feb

Mar

,

76V%

24

83 %

*91 1/4

2,100

,'24

23;%
*73%

30 Va

33 Va

'

com.—No

Brands Inc

Standard

36%

63

•

467k

44%

23%

74%
11%

397k

124%

83 %:

197k

5,700
22,100

44%

1

100

317 k

31

24

33

92

31

3 0 Va

'

20

98%

747k

Vk

26,200

*97

13:%

83%

19%

19%

12
98 Vk

3074
447k

;

33

> 92

21

pax-

125

89

3074

100%

preferred——i-No

114%

;

24

30%

19 %

•

86

124

23 %

*20

3,500

11%

*11%

257k

124

Vk

124 »/4

32%

2,200

117a

12%

237k

38

257k

/ 2574

23'/2

*82%

3,800

,7%..

;

30'4

*37

3b Vk

30%

92V4

12%

47a
30

23 Va

33

12%

*71,4

57k
5 v;':

57k
;

30

30%

83%

1274

7%

v

40

3974

30%:

*32

—i

preferred—-

May

81

,

12'%

1374

>,1374

23 Vs

*81%

Squibb (E R) & Sons common..

Nov

,83
Dec
171/2 May t-

124

Square D Co ~£~—-f—>_—.

14

371/2 Jan
"Aug

123%

common—l—i—a— —2

2

95% Oct

102

aNo

29

21% Aug 19

Feb

99

122%

92

75%

//'

6

257k

122%

12 %

24

-

47k

*36%

26

407k'

'

434

257k

40 '/4

8

'

297k

> 25%

23

4514

24

75%

11%

:v 6 i

*37

8%

3974

11%

474

,

4

25%

1

Jan

Jan

23'/4 Dec

437k

1,100
1,100

*774

40'/a

774

31'4

117a

38%

29 3

38

*30

30%

'

75%

29 3k

'/ 474

30%

47 Va

477-.

*97

24

iiv2;

57k

"

,

4%

V

*36%

par
1

29% Jan

45%
II2V2

104

39 V4

6

*5%
*29%

12

'

,39%

2,500

47%

:,

J'7Vk"

43%

>•

3974

-

Inc.,—- —1*
_No par

23% May 15

16

15 V2 Feb

Spiegel Inc

Nov

27

-74%-

17%.

'

2374
*73

"75

177a

-

42%

'

,

2374

23%

1,300

177k

1

307k

LOW AND

& Sons—(The)

Sperry Corp

May 15

74

..

43

42

*73

Sitlurdaf

Spencer Kellogg

2

18

14

7% Mar 16

,

23

247k

607k

177k

97

97

11.100

23 3 4
60 Ik

>

2974

29 7k

297a

41%

l.

Spear & Co common—
$5.5o preferred-—-

5

29% Jan;

20% Feb

24%

17V4

97

97

\

v

Sparks Withington

25

Jan-

22% Sep

3IV2 July

16% May

73

Aug 25

63

-

.

40

83

•

■

60%

7%

'

98

39

12%

97%

13%

STOCK

Spalding (A G) &.Bros

8% May 27

.

ll Vb

1174
*96

40

Par

20% May 20

4Va May

127k

'ri¬

7

13 1/2

25 ;

i per share

/Mar 10

15

Feb

20%

May

*80

3,500

2374

47

;/47r
: n7k

12,%

39;%

EXCHANGE

Highest

Lowest

$ per share

$ per share

NEW YORK

Range since Jan. 1

Highest

'V Lowest
>15

Previous
1947

'

:« /;

STOCKS
Range for

14

83

:

40%

40'/a

13%

25
7.50
Southern Pacific 'Co_4r—No par
Southern Railway common—No par
5% non-cum preferred
'
100
Mobile & Ohio stock tr ctfs
100

5OV4 Jun ;23

34Va

3974

1374

7%

,7%

*1274

Southern Natural

/30% July 12

27

'10

V-i

*88 Vk

14

:

40'

13%

California Edison-,^
Gas Co-

Southern

30% July '9

25 Vb Mar 16

20% Feb

7 Va

*12%

com_Nopar

—

1,800

88

88'%

893k

48

4774

47%

11%

100

preferred

8%

15

20,000

60

17%

11%

—.100

South Porto Rico Sugar

43% May 24

17

conv

.17%

11%

cora-4.50
;
50
preferred—
50
Greyhound Lines
5

Southeastern

8

16% Jan-

,

5%%

22

17 Va

*6 7'b

ii7k

117k

591/2

11V4

preferred

,-5%

4

50

49%

440

7,000

30 »/4

5074

29 3

1

23%

59 Va

3974

v, " 7

7

.29%

E & G Co

Carolina

South

30

*80

83

59%

112%

40

117a •;i2%

11%

*73

Typewriters_No par
Oil Co Inc—
15
Solvay American Corp 4% pfd—100
South Amer Gold & Platinums
1"

6

13,600

14%

.

14

23%

7%

7%

397a

.40 Va

12

Smith & Corona

Mav 17

18 3 a

1107 k

/ 110
,147a

14%

-

''

17%

177k.

*88 7k

2374"

*47

48 »/4

7%

7

Socony Vacuum

22

Mar 17

37

421/2

"

8% Oct

17%

11%

Carpet Co com__20

preferred

4.20%

9

45»/2 Aug

Aug 11

12

Jan

"Jan

*56

Nov

5

19

Apr

4

jun

52

37V4 May
27

Feb

39

■

17%

7

40

_10

.—

preferred

3% Vo

17

5% Mar

Jan

54Va

40 Va
22

30
3% Aug 23

Feb

51/4

Oct
Nov

42

.

98% Sep

3% May
5%

90

9

Corp-—

(A O)

Smith (A) & Sons

18

29 Va May

Sep

—i.

59 Va

48

Skelly Oil Co—_15
Sloss-Sheffield Steel & Iron
,—_20

321/4 Jun

11

60

*80

83

48%

No par
No par
No par

65

Feb

60

23

14

18

60

41%

51

23

v

29%

Apr

8

460

8934

141/4

*80

23 Vk

*96

39

44

83

22%

*11%

41

351/2 Mar 13

87 Va

*

137 k

237k

'./■ *6%

27 Va May

Feb

87%

87

*88 Va

89%

*88 7a

14

22%

*6%

Mines—4—5

Steel

89

897k

*80

*47%

series A

Co

May 15

49-k

*88%

137 k

17%

cdmmon—LNo par

King Coalition

*49%''

897k

21,900

Ill

1474
29%
497k

.

,30 3 4

49 Va

137a

17%

■

Silver

1474

90

49%'

8974

*17%

No par
Shattuck (Frank Gi———No par
Sheaffer (W A) Pen Co
1
Shell Union Oil
—/
15
Sheraton Corp of America
1'

21

"■

11 Vk

177k
110 1/4

no

30

,

11

"

1

Gas

30

;

23%

*58%

Corp.———No par

Steel

$3.50 conv pref

'

36

.

&

Oil

Shamrock

'

24 % May

4

preferred

$4.50

31

26

29%

30

*88 Va

90

s

137 a

83

22%

-a-—1
No par

Servel Inc common—

1

*89

*80

5
1

Refrigerator Co
Seiberling -Rubber Co———:

147k

49%

89%
14

14%

29 3 4

*881

*13%

14:%

49 ',4

177 k
1107 a

100

4

98

*94

11%

*87

87%

17%
17%
W. 110%

17 Vs

m,
147,.

98

107k

"

129

129 :

129

*94

■

11

1107k

X29'/8

88 Va

98

87 Va

877k

128

126

'

10 7n

U

*87%

1774

49%

98

1074

11

877k

30V4

*89

*94

.

126%

*94

95%

17%

Va

88

44%

,

123%' 125

122
'V,

*87 Va

17%-

30

No par ;

& Co

Roebuck

Feb

30

3.10J

*48%

5

—

Seeger

104

457k

14%

No par

Seagrave Corp

29

94

45 7k

147a

1

10 Va Apr

33%

May

series

Seaboard Oil Co of Del

14

14% "Jun

45,7/a

14%

t c—No par
A_
,—100

Seaboard Finance Co—

591/2 May 6
8
July 26

9% Mar 16

45

*HC'/a

,__100

preferred

preferred

5 Vc

31% Feb

Oct

18

20% Jun

Mar 25

5

/

Dec

24% May

20Va

10

15,100

45%

110%

Seaboard Air Line com v

7

35V4 Feb "11

15 Va

4474

110%

preferred

3.35%

19

Jan

110

12

-

Feb

44

Feb

16%

10% May

24

Apr

87

7

>

6

Feb
I6V4 Feb

Dec

15% Jun

13

Oct

■

147k

44 Va

10 3 4

8778

87%

M7%

—

26 Va July

16%

Oct

11

7

11

431/4
*

9

"13% Feb

Nov

Dec
Mar

23

Jan

93% Apr

•13% Feb

98 V2

Dec

17%

95

13

July

90

May 27

16

88% Oct
88% Feb

14'/%

10%

10%

100
Savage Arms Corp—___
—5
Schenley Distillers Corp—~ 1.75
Scott Paper Co common—j._Nq par
$3.40 preferred
:
No par '
Scovill Mfg Co 3.65% pfd___^__100
Scranton Elec Co (The) common—5

35% May 21

8% Feb

52%

14 Vk

44%' 44%

44%;

*•43%

non-cum

5 Vo

39% Mar 10

Jan
103% Sep

5174

14%

92

15 Va Aug 24

49 Va

Dec

113

21

25% Mar ; 5

Jan

55%

23V2 May

•

52

137k

122

16

'79

26'% July

51 Vb

137 k

92

2

Oct

98% July

Dec

51

13%

120

91 Va May 20

19.*

12

Dec

49%

14

''90'4

13% May 27

Feb

Jun

8

9

80
X20

50

1374

,119%

Louis Southwestern

5'/e

16

Jun

101

8,200

541/8':

52%

49%;

*49%

Ry Co/4-100
preferred—
100
St Regis Paper Co common
——5
1st pfd 4.40%
series A
——100
Safeway Stores common—
*—5

139% May 28

58

55

50%
13% .,14

Joseph Lead
——10
St L-San F Ry Co com v t c--No par
Preferred series A 5% v t c.—100

61% Jun "9
16% July -6
48% May 15

Jun

40

Shares

9 per share

t per share

foe,

the Week

Oct. 2%

'

Oct. 21

Sales

Friday

Thursday

Wednesday

/> Oct, S.0 '

$ per share

t per share

$ per share

St

'

$ per share

39% Feb 24

Oct. 18

Tuesday
Oct. 1!)

Monday

Oct. 16

Par

share

$ per

$ per share

pershare

Saturday

HIGH SALE

AND

LOW

STOCKS

YORK STOCK
EXCHANGE

NEW

Jan, 1 +
Highest

Range since

V

Year 11)47

RECORD

STOCK

YORK

NEW
•

Range for

Monday, October 25; 1948

commercial & financial * chronicle

the;

(1708)

5474-

12%

1374"

16%

17

6,500

.

"

7,500

,

•

/ 7,700

9,200

:

900 : '

£.800

-

1,700 -'

Volume

168

Number

4745*

THE

COMMERCIAL

new
Range for Previous

12%

Dec

Range since Jan. 1

Highest

,

Lowest

$ per share

21%

?,

•7

Sep

14% Jan

46% Jan

9

Dec

Feb

27% Oct

5

May

17%

Feb

12% Apr

15

9% May

13%

Feb

7

Oct

1

60%

Feb

40

Sep

14%

Feb

7

Sep

6%

Aug

16%

Jan

10

24%

Sep

38
85

Oct

16%

Dec

Jan

106

3% May
20
May

39%

29

13% Apr

Third

24

19

Jun

1% Mar 11

4% Jan

Feb

19% Mar 16

May

25%

Oct

19% Feb

108%

Feb

95% Jan

2

16
6

21 %

Feb

1*7

53%

OCt

44

10% May
13% May

15%

Jan

10% Feb

27

22%

Jan

12

Jun

21

20 %

Nov

15% Jan

22

23% Apr 11
10% May 15

May

7%

Feb

Mar 16

5% -Feb

55

11

99

Dec

112%

Feb

12V4

Dec

15%

Nov

12% Mar 16

21%

Dec

38%

Jan

17% July 30

34% Aug
93

48

Dec

'.-•■

97% Mar

Jan

32% Oct

Jun

104

92

7

Dec

30

Nov

51%

Feb

9% May

17%

Oct

16

2

Fpb

24

Timken

7

*87%

7

'7%

22%

22%

22%

22%

22%

*8%

8%

8%

88

3%

53%

%

*29

54%

*87%

3%

3%

3%

30

26%

27%

102

102

!

13%

13%

100

7%

7%

7%

*41%

1,100

42%

41%

41%

110

7%

7%

22%

22 Va

9%

*3%

9%

52%

53

53

87 %

87 %

87

3%

3%

3%

30

3%

30

27

9714

102

101%

7%

11,000

22%

2,000

8%
53 %

87

30%

102

7%

22%

•6%

200

54%

3,900

.

53%

27%

27

'

•

7%

22%

8 %

620

13%

88 %

*29%

102

*

1.80O

30

7%

•

42

7%
22%

%

8%

30

*13%

55

3%

30

26%

8

53%
*87%

88%

v

31

26%

.

•

•*8'v

3%

*29

88

3%

120

3%

3.200

30

30%

27%

27%

28

102%

102

30%

27%

102%

102%

102 %

360

400

14,200

21

21%

21%

21%

21%

*48

21%

21%

21%

48%

48%

21 VB

48%

48

21 %

21%

48

21%

48%

48%

7,300

43 %

48%

43 %

46%

3,100

11%

1

11 %

14

11%
14%

11%

13%

11%

14 %

11%

15%

14%

11%

15'%

3,400

16%

16%

16%

ir>

17

15%

17

15%

15%

17%

17%

4,600

18%

18 %

18

18 %

1,000

Corp

common——1

$6 preferred
—
Truax-Traer Corp

Century Fox Film
conv

8% May 27

com__No

preferred-,

8%

98%

98%

98 %

16%

16%

16%

16%

19%

19%

Twin

Coach Co__...

50

*28%

*97

*5%

28

8%

8%

98 %

98%

99%

98%

16 %

16 Va

16%

16%

19%

19%

96%

19%

19%

33

33

97

*96%

98

97

91%

31,300

98 Va

16%

16%

1,150
3,700

19%

/

19%

19%

7,600

*33%

33%

%

*97%

98%

5%

6

27%

28

Vb

8

5%

5%

5%

5%

26%

*26 %

27v4

*26 %

5%
27 %

*8%

8%

8%

34

97%

8%

8 Va

8%

8 Vb

3%

51/4

•

%

98

16%

19%
*33

26%

28

8%

9

34%

*33

5%

*26%

8%

3%

96 %

16%

99

5%

8%

98%

34%

*5%

11%

8%

19%

*33

99

*97

1

19%

34%

par

%

11%

8%

*33

No par

City Rap Transit com__No
5%' conv prior preferred

5

8%

par

No par

Twin

21

8%

—5

preferred..i.

11%

98 %

No par
....

11%

8%

,

20th

prior

Jan

41 %

Shares

3%

.

No par

Corp

Tri-continental

$1.50

14% Jan

41%

Vb

13%

$4.50

32%

7%

8

30%

for

the Week

$ per

11%

5

17

*7%

8 %
53%

22%
*7%
*53

*101%

13%

7%

*40%

7%

*8 \
30%

31%

*13%

*7%

41

7

*

8

31

13^/,

Sales

Oct. 22

t per share

16%

11

28

7%

8

31

Friday

,

2

36% Jan

Jun

7 %

8%
30%

7%

*40%

$ per share

*13%

Oct. VI

„

5

Bearing

Transamefica

100% Jun

7% Sep

7%

41

Va

8

32 %

'

Thursday

Oct.it>'*

$ per share

14

PRICES

Wednesday

Transcont'l & Western Air Inc
—5
Transue & Williams Steel
No par

107% July 22
19% Aug
5
25% Mar 31

4

7%

*40%

Corp__No par
(The)—
1

Axle

Roller

4

5% Mar
>

Detroit

27

Jan

71

-—50

Transit

Steel. Co

Timken

May 21

13% Jan

Avenue

1

__

preferred

7%
30

*13%

•

22% Mar 11

14

Mar 17

common.

conv

8

SALE

Oct. 19

$ per share

14

IIIGH

Tuesday

Oct. J 8

30%

*13%

$3.50 cum preferred
—No par
Tide-Water Associated Oil com___l0
$3.75
preferred
No par

104% July 12
23% May 27

15% May
40% May

*7%
*30

No par

AND

Monday

16

S per share

Thompson (J R)_—
;
15
Thompson Products ' com—No par
4% preferred————100
Thompson-Starrett Co com—No par

30 % Aug 31
32% Jun 15

13

Dec

Oct.

preference—No par

Co

div

Thomas

9

95% Jun

18

$2%

8
10% Jan
59% May 26

6

94

5'% May

(.1709)

record

Saturday

——

Thermoid

Feb

Feb

conv

Fair

14

11

85

$2.40
The

10% May 15
47% Jan
9i

39%. Feb

Mar

7%

CHRONICLE

LOW

STOCK

Thatcher Glass Mfg Co common—5

15% May 21

19
Apr 30
,7% Oct
5

Feb

59%

May *

YORK

Par

8

41

Dec

stock

EXCHANGE

r

$ per share

27

12
45

NEW

Highest

$ per share

Feb

59%

york

FINANCIAL

STOCKS

Year 1947
Lowest

? per share

&

3

100

400

1,600
110

%

2.100

u
12

Dec

15% July

9% Apr

30

12

Jan

2

43% May

58%

Feb

45-

Mar 16

9% May

59 %Jun

15

15%

Jan

15

Oct

.9% Mar 16
27% Feb 11

16% Jun

37%

39% May 26

Union

39

Aug 11

43

103% Aug 18

110

(25%
105'

May
Dec

91%
85

Dec

20

U5

Dec

Apr

Mar

'

91

9

98

Jun

7

81
Aug 25
21% Feb 11

90

Jan

24

38%

Feb

31% Jan

Dec

38% July

Dec

110

Sep

15%

Dec

28%

Dec

12078

Apr

63

Sep 21

Sep

24%

Nov

19

Jan

Apr

18

Jun
Jan

3%

Dec

50

35

81/4

2%

Dec

5%

45

Jan

Dec

40

Feb

10'%
95

5

Mar

4'% Feb

Jan

36

July 7
Va July 15
V Jan
5

5

11

Feb

convertible
Air

United-Oarr
Unite

13*

26

9

82 %

Apr

&

.5

common.

Inc

10

common-

——100

Carton
Co—

Corp_:—10
:2k;

Fastener

Cig-Whelan

$3

Corp__No

Stores

22

77o

V2 Jun

3

United

Electric

46% Jun

11

United

Engineering & Foundry.

Dec

19'%

20% Sep 14
13% Mar 16

Feb

23
May 24
21% May 26
\

•:.

"

7.

Fruit

Coal

Co

42%

105 %

43Va

1051/4

37,800

105%

105'/4

105 Vb

105%

220

105%

Cos

Mfrs

Inc

' *"./•.• 7

'"t

*91

96

82%

*91

*

96

*91

82%

82%

33'%

33%

33

90

89%

1

33%

,

47%

47%

47%

47%

47'%

47 %

47

38%

47 Va--

38%

38%

38%

38%

38

38%

28 Vb

281/4

28%

28 Va

108 %

10%

.

m.

107

10%

21%

22

9%

*45-

*9'/4

30

291%

21%

14%

*6

-7*66%

:.

400

66 '/u

67

67

67

22V4

22%

22%

22%

10

10

10%

10 3

29%

29%

29%

29%

29 %>

31%

3IV2
3%

311/2

*30 Vb

31/2

3'/2

3%

45

45%

32

*45

3Vb

3V«

3%

45%

45%

( 3 Vb

443/4

451/b

44%

68

*661/2

22 Vb

43V2

521,2

21 3b

21%

•14%
i' > //-

141/4

:"•( J'x.

22 3

"*43

53

29V2

32

3%
/

.

6%

*6 Va

6%

Go'/a

65Va

23

22%

22%

22%

44

4312

44

44

*43

52%

53 Vb

52%

21%

21%

21%

21%

-.14%

141/2

15

14%

15%

"

■

-.

'

'

/

V;
t

•'

•

7

>

6%

'*66

53 %

211/2

14'/»
;

4,100

23 Va

21%

% '•

71,800

45

601/2

"43

52%

90

3 3'a

3',4

44%
6%

22%

14 %

■

200

6,000

46

•1

45

,21%
7

3.900

3%

*45

3%

700

30

*30%

66%

•

4

44

52%

'

.

500

3,600

8

*6'/4

671/2

22 %

106

3%
.46

3 Vb

*42

8,400
18,900

3%

*2134

'

I31/4

67

22

6%

28%
107%

12%

10

9%

*6

'21 Vb

12%

45%
6 1/2

Vb

2,400
3,800

107'/2

29%

211/2
52 Vb

9%

*66%

46

47'A
38%

12%
*

3 Vb

45V4

V2

21%

*9%

46

43%
3g%

22

66

21%

46

6,400
6,400

1

v

28 3 b

'

33%
91%

107V2

31%

43

*42

12%

641/2

r

28

107V2

12

3V2

-

3

tB66 V2 •68

28%

*107

31%
-

4.6

3

•';'.,

12

29%

3%

46 V2

4.2V8

-

108

10%

9%

*30%
"

*107

V

65

-

31%
31/2

•

10%

*631/2

22

*30%
3Va

107

10%

66

90

33%

38

28',4

82%

91

:

91

47%

'

96

82%

38

28'/a

1,600

'

82%

89%

9%

1

'

82%
33 %

.*29%

5

—

96

:'82%

89%

52%

&

_

>91

82%

33

*•

5

.

96

89%

*21'/4

Merch

-

105 Vb

82%

89%

Improvement Co_—13 V2

Gas

United

•.■■fv■

105 Vb
*91

33 %

No par

United

■

105%

42%
105%

89

22

100

28

121/2 May

42%

32%

*63 V2

•

par

preferred—/

13

United

42%

6%

21

58'% May 17

42%

45 Va

16% Feb

10

42 %

*6 Vb

37V2 Jan
Feb

32%

41%

^*45 V4

Oct

48

41%

32%

1

Jan

20

40%

32%

5

19%

59% July
24% Jan

40%

33 »/4

—

43%

Jan

32%

ccmmon_L

Dyewood Corp

IIV4 May

May

33

89%

*107

,

•*".

com—30c

33

44%

33

33

•

28 Va

No par

preference

United

33%

*47%

No par

$3.50 convertible
preierred—L_10o
United Corp common
/_
1

May 27 1

61V2 Mar 17

33 %

«37=8
•

'

3% May 15
47% May 20

33%

13%
33%

*89

50

preferred—_100

Lines

Carbon

55

3.700

10

9%

*32%

50

.j—No par

Corp

Board

8

13%

*1.05%

—25

com—!-,

ik:

United

20

Oct

2'% Feb

531/4 Mar

Dec

65%

Feb

3'

Jan

4 %

Doc

29

Feb

83

par

preferred

United

'

3,000

13%

96

2

15V4 Jan

20

6

51

13%

82%

United

Aug

4,200

50%

13Vi

*82%

preferred
Biscuit Co

23

10%

50%

13%

*91

35% July 12

22

27% Feb

Nov

331.2

Dec

41

Dec

57o

4%%

10

50%

9%
50

10

50 '/a

13%

No par

Aircraft

United

10

50%

13%

33%
40%

No par

California—

Tank Car

United

10

50 %

13%

No par

of

non-cum

Union

10

50%

13%

series-:

Union Pacific". RR Co

2

9%
50%

series

1

4%

9%
51

13%

$3.70

8

Oil

9%

*50%
*13

$3.50

Preferred
Union

19'/4 Apr
2 %
90% Mar 22

9% Oct 16
28 Va

26%

Carbon

ptfd $4.50 ser__No

6

30% May 19
110% Jun
3 '

6

75

Preferred

&

96% July

26

105% Jan
10% Oct

Carbide

1

—No par

51% July
41% Jun

22% Feb 10

:

Un El Co of Mo

Sep

25%

18%

8

Dec

May

Paper-

Jun

Jun

Feb

A*

Union

27

16.% May
102

5

9

104

85
July 19
45% Sep 27

30

par

Union Asbestos & Rubber Co__!

July

106%

.(

Udylite Corp (The)—;
Underwocd Corp u.———_J—No

400

67

80

2,000
200

53

53%

21%

21%

14%

15 Vb

*

7*
■

-

13,300
,

.'1.900

•

'

17,200

"
■■

"Z-

Range for Previous
STOCKS

Year 1947

Lowest

Highest--^

tper share
91

23%

Dec

106

1

Highest

Jan

Dec-

89

Feb

20

101

Oct

15% Feb

11

Feb

9 21/2 Feb

11

24 % May 15
113% Jun ,9

196% Mar

166% Oct

18

Jun

179

9

Jun

13%

Dec

33'%

Jan

9% Oct

6

71%

Dec

94

Feb

68% Oct

21

76

Dec

53'%

Feb

31% Oct

21

25%

9%

Jan*

Oct

39%

Jan

24%

Dec

10

35

May

4C%

May

92

Dec

Feb

39% Feb

Jan

40%

Dec

103% July
60 '/2 Feb

127%

Dec

165

49

38% May
67

87

81

.: Dec

150

Mar

XI7%
38

Nov*

23;

Dec

48%

58.1/8 Jun

7

72
87

129% Mar '16

Feb

Feb

6

67% Mar 17

1

140% Jun

8%

Oct

12%

Feb

l.

96%

Dec

109'%

Jun

10
8

271%
94%,

*94

94 Va

*94

*18

19%

*18 Va

19%

*18

1021/2

103

7%
U

S

6'% May 21
•12% May 26

89% Sep
3% Sep

preferred
Hoffman

S
S

S
S

<fc

Co

U S

70

No par

S

Vb

*22 VB

13%

13%

_10

19% Jan

8

98% Jun

8

7%

Co

9

$6

conv

,

Dec

*192

Mar

13%

Dec

29'/a
91 '/a

150

Feb

Dec

Feb,

Feb

6

7% Sep

21

May 22
15% May 21

Universal

,170

28

.49% Oct

,70

May 20

8 7c

4%%

30 '/a

89%

*89 Va

45%

133.1a

133'%

133%

134

133%
43 V4

43

43%'

Y

66

66

r

84

pa j/,

9%

9%

9%

10

*901/2

92

*90%

92

3%

4

3%

4

*3%

2 1'

4

.

'*

*26

28

1

*17%

181/4

.—1

5%

5%

—50

„

Inc

20

com..No par-

—100
Inc

92

com

preferred

*50%

100

20'A

160 V

8%

51

*50

18%

18%

*371%

38%

*5%

5%

5 Vb

5VB

9%

9%

5%

21

20%

137V4

92

*90%

4 Vb

4

'

137%

137%

1,100

18%

18%

2,900

*37%

10

137%
38%>

1C

90 %

10

*08 V4

4Vb

4VB

28

•*23%

28 %

*27

19

18 v8

18%

18

51/2

5%

5%
21'%

4%

7,900

13

5%

21

21

21

161

*156

161

8%

8%

0%

9

9

»

50%

50 Vb

50%

'..49%

50

26 %

26%

*155

159

*20'4

:

*156

-

7QO

1,900
100

28%

5%

200

'

90%

81/2

8%

51

'

5%

27%

; 165

*158

8 %

51

-

20%

159

8%

500

73,100

18 %

*18

5%

5.500

87

38%

4

1.9

20
530

68

84%

138 %

"90%

27%

201/2

159

8%

%

5Vb

.

,•
f

*26%

5%

*66

3,800
12,300

"

84'%

9%

*18

5%

43

67%

83%

18'Y
"37%

,

10

18'4

5 %-

42%
*Go

'

30 Vb
91

47%

1371/4

,

28

18%

20 V2

t

*158

1

*26

138

10

200

45

44

66 Vb

113%

5%

V'

2,000

134

181/4

preferred—
Co

30%
46

%

138

—L

60 %
55

4o%

37 %

138%

4.700

9

50

*53%

89%

*5 Vb

common

Tcbaceo

Pictures

43%
66

*8

49%
55

1.900

1,000

.13%

91

1'8 vb

vi

30

2,700

5%
23

40%

*89'.2

37'/I.

'90

30 ',4

321/4

5%

9

49%

600
150

45 Va

91

5V4

No par

preferred

-30

82%

%

'*8

*52%

90

10%

45%

18 Vb

Universal-Cyclops Steel Corp_

56%

30%

37%

Universal Laboratories

163 %

45i%,
133

'-

•44

■:

5%

171

133'/2

*89%

45.1/2.

••

50'i.

53%'

51/4

11

Leaf

29%

91

9

50%

53%

18%

17

Universal

30%

*8

50 %
65

37%

21

8

9

'49%

5%

Jun

23 % Jun

13 Vb

18%

Jan

17

13'"a

38 %

10% Jun

Feb

13%

*5 vb

20

19

13%

*37%

preferred

conv

13%

2d pfd—5

non-c

31%
22! 4

1

'

32

5%

50
500

4,300

69'%

22

*53

133 Va

431/2

31'A

10%
*68

22

25

-

69

5%

No par

preferred

United Wall Paper Inc
4%

•

441/2'

32%

*168%

11

66%

22%

V-

*43%
"

,

7,100

.

106

"5%

138 %

34

13

133

169

11

69

105

22%

1381/2

Feb

Mar 16

45%

•

109

11%

105

19%

5%

*137%
18%

100

——

Sep 22

4'

*891/2

45V-.

105

170

19

•

Shades

23%
94 %

22%

83

16

Feb
Dec

133

18%

27'%

for

the Week

share

94

-

94' :.

13%

*8

49

29%

91

45%
i

.

55

29%

104%

27 %
.

13%

9

49

*53

v

54

5%

27%.

27Va,

S per

*22%

13%

*8

49

*89%
133

5%
23

65 Va

Feb

22

23%

15

32

32%

65%

23

Jun

33

33%

82%

Feb

6%

69

66

Jan

23

*11

69%

82%

Stockyards' Corp

United Stores $4.20

9

"168

11%

69%

66

com

non-cum

United

5

168

*11 Vb

81%

10%

vll%

2.-%

50

52

May'

1

common——No par

preferred—_J

U S Tobacco

'

54

5o

com

:

*48%

10

_10

Dec

4Va May
Dec

20

.100

Dec

16

*8

100

common

5%

20

5 Va

168

104Va

70

5%

22 "4

preferred—/.

Tx>

33%

22%

1st preferred

Steel Corp

34

167

104

11

*13%

x33%

'/

*33%

11

*69%

JL_1

Smelting Ref & Mm

T/f>
U

166%

11%

*69 %

common--

non-cum

102

169

*10%

pfd series A

Rubber

s

*167

5

com

Pipe & Foundry--—
Playing Card Co-—
Plywood Corp common—

8%

100

102 %

No par
A_____No par

class

conv

Co

.102%

——100

preferred.

3%%
U

Machinery
ChemicalsCo common

Leather
Lines

S

U
U

.—

preferred

4% %
U

:

Industrial

S

42% May 20

4% Mar 16
8% Feb 11

<

Jan

26%
*93%

18 "2

24

37% Oct

V

Jan

8

27%
94

18 %

21

17% Feb

5

26%

Sales

Oct. 22

$ per share

94

2-7%

Friday

Oct. 21

$ per share

19

13

22

Thursday

Oct. 20

share

26%

Partic

Oct

$ per

94

U

Apr

V

Oct. I!>

S per share

26%

S

;

65'A Oct

%

18

Wednesday

*93'/4

U

May
7
49% May 15

137% Jan

41% Jan

Feb

80

6
11

Tuesday

PRICES

*17%

94

1257/b Mar 19

511/2 July

;

Dec

Feb

381/2 Feb

Feb

61% May
133
Dec

13
14

Oct.

SALE

No par

Jan

9% May 20
531/4 July 13
58 V July
9
37% May 21

16

Jan

25vb Feb

,

Foreign Securities

16

$ per share

$4.50

4 % 7c

8% Jan

7% Mar 30

Oct

73
39

:

Oct.

Monday

HIGH

1st preferred
No par
Freight Co— _—1
No par
U S Gypsum Co common—
20

U

21% Jan

36

S &

✓

U

Jun

27

Apr

46%

Dec

23 VB

Sep

171% May 14

21% Sep 28
"11% Sep 27

Oct

9 Vb

5

Nov

16%

Saturday
Par

U

2

42% Jan

5% May

STOCK

$ per share

32% May 15

20%

May

YORK

EXCHANGE

Sper share
16% Feb 27

Oct

37

;

NEW

107%

12% May
171

Lowest

$ per share

15% May

86

Range since Jan.

LOW AND

200

400

2.400

1,200
20

9%

6,800

49%

50%

180

26

26'%

16.0QO

v
131% May
14'/2
12 Vb

Dec

May

22
i

Feb

14% Feb

10

18% Feb

11% Sep
21% Feb

29

20%

Jan

16

Dec

39

Feb

84

12% July 19 "
21% Oct 16

Nov

941%

Feb

86

851/4

Nov

26%

35% May
85

Dec

5% May
69

May

14

Nov

107V2

Dec

Feb

21

94

Jan

Feb

13

50%

Nov

37% Sep

27

104% May
10% Nov

87 VB Feb

2

112

86

7Va Mar 16

Nov

16%
121

93

Feb

11

14% Jan

Oct

Feb

7

109
18

Jan
Jan

6

7

341%

Dec

45

Feb

321% Oct

15

31%

Dec

40

Jan

30'/b Oct

21

.

27% Oct

29% Jan

Van

Raalte

Co—

Co

Vertientes-Camaguey

23%

2.50

Inc

Sugar Co_.6%

••.

23 V2

13

12%

13

12%
*86

Jun

4

24

57c
non-cum
100
Victor .Chemical Works common-—5

*87

48% Jun

95

2.50

Ry
preferred

96% Apr 23
14% July 13
124% July 12

Ya-Carclina Chemical

18% May 15
117% Jun 14

Virginia Elec &

23

Jun

2

3%%
~6%

$5
Va

preferred

div

partic

—100

Coal &

Coke

Virginian

26

Visking Corp (The)
Vulcan Detinning Co

13

38

Feb

33%

Nov

28

30

Sep 28

39% Apr
32'/2 Jan

Aug

33%

Oct

29

Apr

32% Jan

5

7%

Ry

Co

preferred

lOo

4%

common

pfd

91

*10 "2

25

5

*85

91

*87

-

10%

10 '/2

114

*85

10%

IOV2

105

15%

105

16

*1131/4

"

38%

89

105
.

21%

38%'

38%

*100V2 -104
*113%

13

21%

*85'

15%

13

15%

.

.

12

24%

13

,7

21%

13»%

12%

22'%

22 '/a

12%

90

91

*88%

*88

251%

700

13

13%

3,700

22%

22%

22

*88

12%

"24%

■

13.

22%

1,100

91

*88

88%

88%

*88%

91

39

39

38%

38%

38%

88

*85

88

900

89'%

92

39

10%

10'%

105

16

II3V2

113 Vb

19%

*18%

*

113 Va

113%

19%

*18%

33%

32%

33

31

30'/2

30%

*30 V4

30%

30'%

31%

30%

31%

*30%

31'%

30»%

20

*27%

281/2

*27%

28%

*27%

31

*29%

31

*29%

31

*59

19%
*33

10%
104

88

*85

10%

10%

104

*104

16%
*

16'%

113Vb

113%

114

38%
11 '/8

105

16%

;

114'%

150

*18'%

19»%.

*19

19%

32%

33

*32%

33

30'%

30'%

30%

30'%

*30%

31'%

30%

300
22,600

191%

30 Vb

3,000

16%

33'%

.

50

1,400

38

10
500

30%

1.600

>

31

1,100

*27%

28'%

*27%

28%

28

23

50

*29»/4

28'%

*29V4

10%
16%

321/2

113'/2

*85

104

15%

19 %

32%

*103%

%

*18%

31

26%

12

24'%

>

24'%

*32

.*30%

25%

12

23%

90

,—20

common

preferred

*11%

.

24

90

*87

39 %

a

12

23 V4

*21%

89

26 3

t

12
*

*85

-

*38 %

12

*11%

21 Vb

*87

15%

:,——25

;

90

10

—!—-25

—

21%

100

com
,

38% May 11
34% May 3

Dec

Co

preferred—.

Iron

67o

com—_No par

preferred
Pwr

25%

23 %

coni-100

Co

Pacific

27%

23%

Shreve

&

25v2

12

*23

Chemical

6

27%

*11%

10

Vieks

Oct

15

Norman

May 28

94

31

20

Vanadium Corp of America—No par
Van

Vick

30

30% Oct

16

'15% May 17
26% May 21
15% May 21

31

*29%

31

*30

31

60%

*60

w
57

13%
297/b
100

,

Apr

75%

Feb

Apr

17%

Jan

36%

Feb

Apr
Dec

xl7% May
77/8 May

10%

Dec

88%

Dec

12

Dec

109

July

24%

Jan

13%

x30

Feb

106% Mar
18%

For footnotes

see

8% Feb

10'/2

11

11

Mar 12

X83y8 Mar 12

Feb
page 26.




Feb

100% Apr 29
xl8% Mar 17

Feb

-19%

57V2 Aug 16
13% Aug 30

9% Oct

21

66

Jan

2

Wabash

15% Jan

8

Waldorf System

35% Jun

4

Walgreen

105

Aug 26

27%, May 2.1
13'% May 24
16% July 13
101
14

Jun

RR

4%%

Co

preferred—100
No par

common-

:_No par

47o

preferred
•—-100
Walker (Hiram) G & W—/No par
Walworth

Co

—LLa.

i———No par

Ward Baking Co common/

2

5V>%

May 22

Warner

preferred—
Bros

Pictures—

60

*59%

60

*13%

137/b

*13%

13%

*30%,

31

30%

60

1 ..■•••

60

f 1

01

62

300

131/B

131/a

*13%

14

13%

13%

300

31 %

31%

*31%

32

32%

32%

700

*100%

101

100%

-100%

24%'

24%

24%

Y4%

24%

24-%:. ■„

10

10

10%

,10%;'

10%

10%

100%

102

*100%!

102

100%

100%

180

25'%

25%

25%

25%

25 %

25%.

2,300

10 %

10%

101/4

11%

11.

11%

5,700

"

/

;

—1

14%

14%

14%

100

*93%

94%

931/4

5

9%

9%

9%

60 Va

13%
31%

' 1021/2

*101

.

13%
31%

■

31

■

14%

14%

14%

14%

15 Va

15%

16

94
v

94

94

93 Vb

93 %

94

94

9%

9Tb

9%

9%

9%

9 1/2

3%

15%
*94

9%

16 Vb

4,800

94%

110

9%

31,100

25

THE

(1710)

COMMERCIAL

NEW
Year 1!>47

NEW

Range since Jan. 1

Highest

$ per share

$ per share

Lowest

Dec

14

32

2

Warren

10

34% May 14

Warren

20% Jan

5

27% Aug

16

17% May

23%

Feb

17 Vb Feb

20

Sep

26%

Feb

17

30

Dec

41

Feb

Dec

12%

Oct

5

Jan

4% Sep

Sep

27

34% Aug

Feb

80% Feb

13

86% Jan

2

Jan

19% Mar

26

105

% Nov

121%
112%

Dec

$4

16%

17

17'A

17

5Va

5 Va

5 Va

5

Inc_.

>28

28%

preferred—

51% Jun

15

West

110% Jun

11

28

28 Va

28%

28%

29'/a

29

30

82

82 Vt

81%

82

81%

82

81%

81%

*81%

81%

23%

23%

23%

23%

23%

23%

23%

23'%

24 Va

17%

17%

17%

17%

17%

17%

17%

17%

17%

17%

17%

22% Mar 12

Feb

28% Feb
62

11

Western

Western

72% Jan

Oct

6

Sep

18% Sep

27

26

Mar

4 r/o

39% Jun

33% Jun

23

94%

Dec

106% July

30

Nov

14

91 Vb Feb

11

101% Jun

Jan

29% Feb

16

40% Jun

9

76

Dec

5

53 Va

Jan

37

Mar 16

57% Oct

22

83

Mar 18

92

Jan

5

$5

Feb

7

White

July 21

115

Feb

23

20

27% Jan

29%

Feb

17% Sep

30

24% May 26

.17%

Feb

9% Feb

27

22% July

White

8

July 30
30% Oct
5

$4

Wilcox

'6% Mar 17

12
May 27
65% May 15
17% May 17
88% Jan 21

Willys-Overland

13%

Feb

."'64%

Oct

51

Oct

11% Oct

9

8

Feb

9

10.500

44

44

45

44

44

44%

45

45

45

44'A

44%

1.900

•105

105'A

13%

Prior

"103%

105%

"103 Va

105%

"103%

105 %

103%

105%

*103%

%

6%

6%

7%

7%

7%

7 Va

7'A

6%

38%

38%

38'A

38%

38%

38'%

38%

38%

*38%

39

1,300

13%

14 Va

14

14'A

14

14%

13%

14'A

14 '/a

14'A

7,600

34%

34%

3.1

35

32 'A

*103 '/a
6

6%
■

*33%

34%

34

*30 %

32%

*31

65%

66%

67

19%

20%

20

'

37% >37%

37

34

.

35

32%

*32

32%

32

67

"66

67%

*66

20%

20

20'/a

19%

37

37'A

28%

37%

*34%

5,500

7 Va

500

32'A

33

400

67

67%

600

19%

19%

20

5,400

7,300
26,000

'•

67

37 Va

37%

37%

37%

37%

38

28%

28%

28%

29 Va

29

28%

29

28%

28 %

28%

29%

100

91%

91%

"91 %

92%

<92

93

91%

92%

91

91%

92

92

170

,

*95 %

96

96

96

*96

96%

*96

96%

*96'A

96 %

96%

96%

200

*34

35

*34

35

*34

35

"33

34

33%

33%

32%

33%

600

__100

*110

114

114

111

111

*110%

Ry

*110 "A

53 %

53%

86

—No par

87

114

*110'A

56%

54%

56%

5 6'A

57%

11,700

85%

85%

86

86

86 'A

86'A

180

*25%

25%

25%

*25%

26%

26%

26%

*25%

*25%

26%

18%

17%

18 Va

17%

17%

17%

17%

19%

19%

Xl9%

19%

19%

20

20%

*53%

55

*53%

54 3

4

*52%

20
54%

*30

31%

*30

31%

30%

30%

*30

13%

13

13

12%

13 Va

5

V

*12%

20

55

86

*17%

20

:

54%

86

*25%

No pai

114

54'A

1

Co

*110%

54'%
87%

20

SS)
com

114

53%
*86%

1

(The

preference
Oil

104

12 %

Co

19% Jun 21

126

Aug
2
27% Feb 26

Feb
Dec

30

21%

%

—12.50

pref

Mfg

Motor

11

x53

Feb

34

12%

102'%

37%

100

Sewing Machine
conv
preference

150

105'%

21%

13%

%

No par

Instrument

Dental

White

9% May

104

"41%

Wheeling Steel Corp com—No par

19% May

106%

102 %

37%

pfd series B

prior

106

106%

105%

19%

& Lake Erie

180

22'A

*19%

conv

150

111%

106

65%

Wheeling

80

Oct

101% Mar

115

111

103 %

31%

Elec

115

111

110

21%

Union Teleg class A-No par

Weston

115%

110

105%

*65%

3.80%

11

55

110

115%

103%

6%

—

*109

116%
111%

22%

*30'A

com

A

109

116%
110

"109

21%

100

RR

series

Westinghouse Air Brake
Westinghouse Electric com
3% %
pfd series A

9

95% Apr

"103

20

110

116%
110

116%

22%

No par

Pacific

Western

"106

34%

Preferred

May 19

pfd

106%
104

111'

13,700

22

*33%

non-cum

Western

15

2nd

"109

"110

3,500

22%

___10
100
—_100

Supply Co
Maryland Ry com

111

560
•

22

*103 »/a

Inc

Auto

109

116

4,300

31

30

22%

21%

100

Lines

109
116

*110

—1

preferred
Air

16% July 9
38% July 12
36% May 21

7% Mar 17

Dec

4%%
Western

2,800

23%

3.7%

4.20%

10% May 18
46% May 20

5 Vt

5/8

27 %

106%

14

600

1,900

23%

*103%

38% Feb

5

17%

82%

No par

A

5

700

18%

Va

*81%

1

Co

Elec

5Va

*24

"23

—No par

Sugar Corp

Penn

West

11

90

16%

16

107

20

11

July

16%

15%

104

18

13

29% May
5% May

"16%

.—.-1

"103%

9

Jun

22% Oct

85% Feb

84

18

18

"106%

Jun

107

25% Feb

34

18

18%

Power 4%% pfd
100
preferred series B
100
Virginia Coal & Coke
5
Va Pulp & Paper com__No par

113

22

32% Feb

26% May

IS

18%

5Va

conv

West

11

Oct

Dec

17%

18%

5%

Class

20

Dec

May

18

"18%

111

Aug

31

"17%

18%

116%

31

62% Mar

17%

"18%

109 %

105

90

17%

18%
16

110%

Dec

38'A

17%

*18'/a

116%

Dec

88

*17%

18'%
15%

"108 Va

May

22 %

17%

*18 Va

100

14

26%

May
27% May

2,200

*17%

5

Co

Mills

100

9%

17

24%

24%

_5

24%

No par

34% Feb

...

24 Va

preferred

Jan

90

24'/a

preferred

2

42%

24%

7%

25

Dec

24

6%

6% Jan

Dec

24 Va

4

100% Feb

65

x24

20

Jan

26 %

24%

22

Jan

32%

1,200
5,500

24%

Jun

75%

May
9% May

26%

111% Oct

10 Va

4

27

26%

5

Penn

Oct

113

27

27

5

West

16% Apr

5% May
38% May

26%

26%

Tobacco

Indies

102 V2 Oct

47

26%

26%

105% Feb

116% Aug

32 % May
105
Dec

26

26%

119% Jun

114

104% Mar 16

Jan

106%

13

X113V4 Apr

Jan

Dec

25%

26

15
103% Mar 29

117 Va Mar

Dec

112

103%

25%

25%

Motor

West

26% May 21
19% July
1

3

13% Feb

t per share

"25%

25%

Oil & Snowdrift com—2.50

Wesson

5

90

34J/2

Shares

t per share

25%

25%

Pump :Co

21% May

$ per share

for

the Week

Oct. 22

i

25

Wayne

83% May

$ per share

Sales

Friday

Oct. 21

26%

2

Webster

Thursday

Oct. 29

25%

Knitting

6% May 24

Wednesday

26%

Waukesha

30% Jan

S per share

19

*24%

Wayne

Sep

HIGH SALE PRICES

Tuesday
Oct.

No par

7

27

Oct. 18

1 per share

Petroleum

20% May 28
'

Monday

Oct. J 6

Foundry & Pipe

22

Mar 16

15

3

•V

Corp
3
Gas Light Co—No par

Washington

Jan

Jan

Monday, October 25, 1948

RECORD

Saturday
Par

22% Sep

27

5%

CHRONICLE

LOW AND

STOCK

YORK

t per share

20% Feb
197/s

STOCK

EXCHANGE

Highest

$ per share

36% Nov

May

YORK

FINANCIAL

STOCKS

Range for Previous
Lowest

21 *

&

•%>

26%

54

154

A>Vl

17%

20

100

17%

20

:

18

3.000

19%

17%

:

20%

3.400
20

*53

55

*54

54%

31%

*30%

31%

*30

31%

100

12%

12%

12%

12%

12%

2,500

12'%

'

6% May
51%

Sep

•

10% May

17

Mar

9

88%

Dec

99

Jan

81% Sep

16

Jun

20

Nov

15

Mar 30

15 Vb

Dec

19

*" Nov

15

Feb

145% May

126

135

Oct

31%
43

35

Jan

10

18

Jun

xl38

Jan

13

Feb

...

5

37% Oct

11

49% Jun

14

Woodward
.

Iron

Wool worth

22

43% Feb

Co

(F

Co

W)

79

*75%

15 Va

*15%

9%

9%

*61%

62%

*62

62%

62

62%

22,200
1,800

12 Va

12

12 Vb

12

12 Va

9,000

15%

15%

12

78

*125

12 Va

*75%

15%

15%

128

*125

100

9%
63 %

12 Va

15'/a

__10

9%
"61%

64

12 Va

*75'A

com

9%

62'%

12%

10

Pwr

9V»

9%
62

__No par

preferred —i

6%

9%
60 %
12

No par

Co

El

Wisconsin

_1

com

series A—No par
common

$4.25 preferred

10

Mar 19

Motors

pfd

conv

Wilson-Jones

8

28Feb

Dec

53

Dec

May

19

$4.50

Wilson & Co Inc

78

15%

15%

*75%

15%

15%

128

12

"15Va

15 %

15%

e

128

15%

600

15%

15%

15%

77

15%

15'A

*125

10

S%

*75'A

77

15'A

128

*125

9%

*75%

78
:

15 %

15%
128

"125

9%

]6%

12,500

■125

v. 128

10

37

37%

37

37 Va

37

10

Co—

45

45

45

45%

45

18%

18%

18%

18%

18%

67%

68

68

"67%

68 %

68%

70

68%

68%

69%

72

560

77%

78

*77%

78

78

78

78

78

78%

78%

210

87

*85

89

*85

87

86

87

*65

%

37%

36%

37%

37%

37%

37%

37%

2,000

45%

45 %

46

45%

46 Va

4j %

46'/a

11,300

19 Va

3,300

Worthington Pump &
65% Oct

11

25% May 15
Feb
4

Machinery

Apr

81 %

83

Dec

100

Feb

76% Sep

21

94

May 17

Prior

53

Dec

80

Feb

58

96% July 28

Wright

69
July 15
11% Jun 21

Wrigley (Wm) Jr (Del)
Wyandotte Worsted Co

Yale

16% Sep
75

9~4~%

Dec

62

Nov

8

May

Jan

5

.

60% Mar 19

70 Va Mar

18%

21

Feb

Mar

8

9

33% Aug

45

Jan

26

Sep

30

34% Jan

10'/a May
37% Dec

16%

Feb

10% Feb

27

16% May 24

14% May

48

38% Mar 13

50V2 Mar

Oct

15% Feb

21

53% May

83

Oct

65% Feb

27

15

31%

Feb

14% Mar 16

-

23%

May

14% May
5% Jun

25

*Bid
s

Prior

asked

•

10%

and

Special sales,

July

19% Feb

4% Oct

prices;

wd When

no

sales

distributed,

on
x

66%

65

65

66 %

66'%

1,600

10%

10'A

10%

10%

10%

10%

10% ;>

4.300

28%

28%

28%

28

28%

28'A

28%

28%

27%

83%

.No par
—1

>26%

13

13%

13'%

13 Va

13%

13%

13%

13,400

41

40%

41

40%

41%.

40%

41%

5,400

20%

20%

21

21%

21%

21%

23'A

23 Va

23%

4.900

83 %

84%

84%

85%

86

86%

86'A

86%

87

88'%

15.200

15%

15%

15%

15%

15%

16%

16%

17'A

17%

4,400

27 Va

27%

27%

28

28 Va

28

28%

28%

30

4%

4%

4%

4%

4»A

15%

Corp

tin receivership.

flEx

Corp

$40

dividend

liquidating

■

*

27

27

4%

4%

paid

5,100

12%

*40%

83%

15%

Radio

29

12%
40 %

15%

20

No pai

No par

Products

28%

28

70

>*20%

20

Youngstown Sheet & Tube

Zenith

10 Va

12 %

12%
40%

Zonite

86

40%

12 Vb

July 12

day.

65%

"

10

40%

6% May 19

>:A 18%

*64%

x65

10

25

■

10

65

10

t

"

65%

65

3

Mfg Co

common

19

19

87

No par

1

Corp

19'A

19
%

*85

V

preferred
'_
_50
Young (L A) Spring & Wire_No Par

22

this

86

*84%

4%%

22

35

*78

Youngstown Steel Door

23% Oct
88% Oct

14

67%
*77

___

& Towne

York

May 25

x!9% May 27

11

Jan

2

18%

No par

common

pfd 4%% series
106
pfd 4%% conv series
100
Aeronautical
No par

..

May

10.

.4%

a

4%

4%

3.800

4%

cName changed from National Bond & Share Corp.

delivery.

Deferred

4'A

3,900

•

rCash sale,

Ex-dividend.

Transactions at the New York Stock Exchange

Transactions at the New York Curb Exchange

Daily, Weekly and Yearly

Daily, Weekly and Yearly

Stocks,
Number

Week Ended Oct. 22, 1948

lnt'l

Total

Stocks

Foreign

Bank

Government

Bond

(Number

Bonds

of and Miscel.

Shares

United States

Bonds

Bonds

Sales

Railroad
Bonds

.of
Shares)

Week Ended Oct. 22,1948

Saturday
Monday
Tuesday
Wednesday
Thursday—
Friday

'

;

393,320
1,033,020

$915,000

$113,000

$1,028,000

2,668,000

252,000

2,920.000

1,031,900

3,111,300

1,203,982
1,801,600

3,334,000
3.839,000

6,644,130

:

3,392,000

1,180,308
•„

$17,259,300

Monday

3,759,000

367,000
206,000

Tuesday—

3,320.300

$3,000

$1,000

326,000

Thursday

4,198,000

359,000

-

Wednesday

3.664,000

3,000

—

________

~

—

$1,000

$1,623,000

Week Ended Oct. 22

7,754,848

6,644,130

International Bank—

Foreign
Railroad & Industrial
Total.




Foreign
Corporate
'
— —

'

$1,000 *
5,000
1,000

.

Total

$53,000
171,000
347,000
235,000
226.000

231,000

114,000

8,000

353,000

$222,000

$15,000

$1,385,000

Week Ended Oct. 22

v

Jan. 1 to Oct. 22

1948

1947

1948

Stocks—No. of shares

Bonds

U. S. Government

$35,000
44,000
14,000
2,000
13,000

$1,148,000

;

1947

204.138,229

239,860,572

$18,000
127,000
332,000
228,000
212,000

1.771,895

Total

Jan. 1 to Oct. 22
1948

1947

1948

Stocks—No. of shares

$18,889,300

$6,000

Foreign

Government

>;%:i 439,215

Friday--————
Total

Bonds (Par Value)
•

vDomestic

130,105
271,810
291,850
318,240
320,675

Saturday

*

■

1947

———————

—

1,771,895

2,167,900

60,725,536

59,181,624

$1,148,000
222,000

$1,367,000
219,000
2,000

$41,006,000
7,396,000
1,408,000

$68,717,000
5,743,000
465,000

$1,588,000

$49,810,000

$74,925,000

Bonds

$6,000

$8,000

$3,012,000

Domestic

1,000

564,000

3,754,000

19,302.000

Foreign government——————•

1,623,000

2,122,500

68,506,140

62,364,820

$1,101,500

17,259,300

23,763,000

764,639,800

$26,457,500

$838,001,440

$830,355,120

-

——

15,000

-—

745,676,300

$18,889,300

Foreign corporate

Total-'

$1,385,000

-

i—

—

v

•

—

Stock and Bond Averages
Below

listed

on

are

the daily closing

the New York Stock

averages

Exchange

as

of representative stocks

—Bonds-

Stqcks10

15J

30

Oct.

10

Oct.

Oct.

19_—_

21

Oct.

22

Util¬

roads

ities

10

Total

Second

10

65

Indus¬

Grade

Grade

Util¬

40

Stocks

trials

Rails

Rails

ities

Bonds

Total

JO

First

—

.

—

—

184.93

60.17

35.23

68.82

100.44

102.66

89.38

101.53

98.50

185.33

—

20—'

Oct.

Rail¬

trials

18—_

Oct.

20

Indus¬
Date——

and bonds

compiled by Dow, Jones & Co.

60.39

35.25

68.98

100.45

102.72

89.39

101.46

98.50

186.18

60.67

35.46

69.31

100.50

102.69

89.39

101.47

186.51

61.09

35.54

69.53

100.46

102.80

89.41

101.30

98.49

101.24

98.35

101.18

98.35

186.44

61.26

189.76

35.71

.

-

69.62

100.36

102.39

35.65

62.11

89.40

70.57

100.34"

102.38

89.49

*Ti-

98.51

«**»

.in

.<v. z:

Number 4745

168

Volume

THE

COMMERCIAL

Bond Record
NOTICE—Prices

week,

and

The

"and

are

when outside

italic

letters

WEEKLY

-

the

column

headed

"Interest

Period"

indicate

in

each

the

case

month

Range for Previous

104.26

Range since Jan. 1

Highest

Sep

106.6

106.4

Dec

108.21

111.23

Sep

112.6

Lowest

NEW

Highest

YORK

Treasury
Treasury

3VaS

or

No

account

of

the

taken

1949-1952

*102.13

Oct.

High

Low

week's
of

range, unless they
in computing

such

are

the

the

sales

range

only

transactions

for

the

Tuesday

18

LOW AND HIGH SALE PRICES
Wednesday
Thursday

Oct. 10

High

Low

102.16

Oct. 20

High

Low

Friday

Oct. £1

High

Low

Low

102.16

*102.13

3s

*102.12

1951-1955

102.15

*104.29

105.1

*104.28

105

Treasury

2%s

*104.27

1955-1960

104.31

*104.27

104.31

*106.31

*104.27

104.31

107.3

*104.27

*106.30

Treasury

2%s

107.2

*106.29

1951-1954

107.1

*106.28

107

107.1

103.30

*106.30

Treasury

*103.26

107.2

Dec

*103.27

*106.29

103.29

2%s

1956-1959

*103.26

103.29

*103.26

*107.9

103.29

*103,26

107.13

103.29

*103.26

104.12

103.29

107.20

Feb

105.1

Sep

20

105.28 Mar lo

Feb

114.8

Feb

107.4

Sep

17

108.28 May

17

*102.12

102.15

*102.12

102.15

*102.11

Feb

102.22 Feb

2

102.22 Feb

102.23 Sep

30

102.23 Sep

101.7

30

104.24 July

104.24

July

Sep

20

101.11 Jan

7

104.14

104.23

Feb

101.19 Jun

14

101.19 Jun

14

101.27

Deo

104.18

Apr

100.24 Mar 13

100.25 Jan

7

101.26

Deo

104.4

Jan

100.23 Jan

28

100.26 Apr

2

100.23 Sep
100.16 Sep

17

100.24 Sep

10

10

101.12 Jun

1

13

100.27 May 21
102.26 May 24

101.24

Dec

101.24

Dec

104.10 May
104.16 Apr

101

Deo

103.20

Apr

100.7

108.17

Jun

106.17

Jun

102.26 May 25
100.7
Oct
4

106.7

Doc

103.19

Apr

Oct

101.7

Deo

105.18 Sep

101.14 Sep

103.6

Sep

103.24 May

100

100

Dec

102.24 May

100

10

Mai-

100.23 Jun

Mar

100.2

Feb

107.13

*107.8

107.12

*107-9

107.13

*107.13

107.17

*107.13

107.17

*107.13

107.17

*107.14

107.23

107.18

*107.16

*107.19

107.23

*107.19

2V2S

2%s

Apr

102.12

101.12

Deo

102.6

107.23

*107.20

107.24

*107.21

*101.20

107.25

101.23

*107.26

*101.20

107.30

101.23

1950-1952

*101.19

101.22.

*101.19

101.22

*101.19

*102.17

102.20

101.22

*102.17

*101.19

102.20

101.22

*102.17

1952-1954

102.20

*102.17

102.20

*102.17

*102.17

102.20

102.19

*102.16

102.19

*102.17

102.19

*102.17

*102.17

102.19

*102.16

*102.29

102.18

*102.16

102.31

*102.29

102.18

102.31

*102.29

102.31

*102.30

103

*101.8

*102.30

101.10

103

*102.26

*101.8

102.28

101.10

*101.8

101.10

*101.8

101.10

*101

*101.8

101.10

101.2

*101

*101.8

101.10

101.2

*101

101.2

*101

101.2

*101

*100.24

101.2

*101

100.26

101.2

*100.24

100.26

*100.24

100.26

*100.24

100.26

*100.24

100.26

*100.24

100.26

*100.24

100.26

*100.24

100.26

*100.24

100.26

*100.24

100.26

*100.24

100.26

*100.24

100.26

2»/2s
2%S

1956-1958

2V2s

,-1962-1967

2V2s

___—1963-1968

2y2s

Jun 1964-1969

2yas

Dec 1964-1969

103.4

100.31 Sep

July

102.23
102.26

Apr

101.30

103.30

Apr

103.1

11

Deo

103.2

1965-1970

*100.24

100.26

*100.24

100.26

2y2s

*100.24

1966-1971

100.26

*100.24

100.26

*100.24

*100.16

100.26

*100.24

100.18

100.26

*100.16

100.18

*100.16

100.18

*100.16

100.18

*100.16

*100.8

100.18

100.18

100.10

*100.16

*100.8

100.10

*100.8

100.10

*100.8

*101

100.10

*100.8.

*101.1

100.10

*100.8

101.2

100.10

101.3

*101.2

101.4

*101.2

101.4

*101.2

101.4

*101.1

101.3

*100.8

100.10

100.8

100.8

*100.8

2y2s

u-Jun 1967-1972

2%s

Sep 1967-1972

2y2s

Dec 1967-1972

2%s

1951-1953

100.26

103.4

Oct

101.8

Apr

101.13 Mar 22

103

*102.28

103

*101.23

101.25

*101.23

101.25

*101.23

101.25

*103.23

103.27

2y4s

*103.23

103.27

1956-1959

*103.21

103.25

*103.21

103.25

*103.21

*101.12

*101.12

101.14

*101.12

101.14

*101.13

101.15'

*101.13

101.15

*101.10

101.12

Jun 1959-1962

*100

100.2

-*100

100.2

*100

100.2

*100

100.2

*100

102

July

94.10 Jan

15

Dec

103.4

94.14 Jan

15

99.30

asked

price.

•Bid

and

No

sales

transacted

100.2

*100

100.2

100.2

*100

100.2

*100

100.2

*100

100.2

*100

100.2

*100

100.2

100.7

*100.4

100.6

*100.4

100.6

*100.4

100.6

*100.4

*100.16

100-6

*100.4

100.18

100.6

*100.16

100.18

*100.16

100.18

Sep 1949-1951

*100.16

100.18

*100.16

100.18

*100.16

*100.20

100.22

100.18

*100.20

100.22

*100.20

100.22

Dec 1949-1951

*100.20

100.22

*100.20

100.22

*100.23

*100.19

100.21

100.25

*100.23

100.25

*100.23

100.25

*100.23

100.25

*100.23

*100.26

100.25

*100.22

100.28

100.24

*100.26

100.28

*100.26

100.28

*100.26

100.28

*100.26

100.28

*100.25

100.27

*100.31

101.1

*100.31

101.1

*100.31

101.1

*100.31

101.1

*100.31

*101.3

101.1

101,5

*100.30

101

*101.3

101.5

*101.2

101.4

*101.2

101.4

*101.2

*100.31

101.4

*101.2

101.4

101.1

*100.31

101.1

*100.30

101

*100.30

101

*100.30

101

*100.30

*101

101

101.2

*101

101.2

*101

101.2

*101

101.2

*101

101.2

*101

101.2

101.1

*100.31

101.1

Mar 1950-1952

2s

1951-1955

2s

.—Jun 1952-1954

2s

Sep 1950-1952
1951-1953

_Dec 1952-1954

*100.31

101.1

*100.31

101.1

*100.31

101.1

*100.31

101.1

—1953-1955

*102.22

102.26

*102.22

102.26

*102.22

102.26

*102.20

102.24

*102.20

102.24

*102.20

100.8

102.24

*100.6

100.8

*100.6

100.8

*100.6

100.8

*100.5

100.7

*100.5

100.7

1950
Bank

*100.6

'

for

Reconstruction & Development
10-year 2%s
1957

May 17

this

25-year 3s

day

tCalled

for

.

1972

redemption Dec.

15

at

100.

*96

96.8

*96.1

96.14

*96.16

96.28

*96.18

Odd

lot

transaction,

New

Interest

Sale Price

or

Friday's

Bid & Asked

Low

York

High

City
1980

J-D

96.14

96.28

*96.1

Sold

January 1

No.

Low

101%

101% 10211

90

BONDS
)A

New York Stock

*96.1

96.14

96.18

*96.18

96.26

:

Interest

Last

Period

;.

Sale Price

Exchange

Week's

!

Range
Friday's

or

14
15

3%s Series No.

16

J-D
:

58%

J-D

Range Since

Sold

January 1

No.

Low

High

*58 Va

J-D

Bonds

Bid & Asked

Low

107

59

58 Va

51%

58%

*58 Va

12

65

17

J-D

18

J-D

58%

58 %

58%

1

19

J-D

58%

58

58%

3%s

60

20

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1949

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1978
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to

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1957

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to

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1979

J-D

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(Int reduced

to

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10

106

107%

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50%

62

46 %

47

3

37%

49%

5

50

62%

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60 %

65

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;

funding bonds of 1931 due__1951
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A-O

--

59%
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J-D

^

^

J-D

3%s Series No. 5

J-D

3%s Series No. 6

3%s Series No. 7

J-D

J-D

For footnotes see
page 31.




.

i

37%

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ram, marks 4 r.o. Inc.
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50 Broad St., New
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■

3%s Series No.

'

High

■

3%s Series No.

Foreign Securities

1,000

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High
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100%

96.28

96.18

OCTOBER 22

Range Since

3%s Series No.
;

bond

*96.1
*96.14

Friday

Bonds

Transit Unification Issue—

Corporate Stock

96.14
96.28

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Last

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s

,

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a

#*100.31

'

RANGE FOR WEEK ENDED

Friday

BONDS
New York Stock

101.24

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98.30 May 17

July

102.31

*101.22

*100.5

,

96

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101.24

Dec 1959-1962

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102.31

*101.22

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96

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■

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14

6,000

103.25

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101.19 July 13
100.16 Apr

100.10

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101.25
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4

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*101.23

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Oct

100.10

*103.23

27

100.7

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1954-1956

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27

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i6

100.30 Sep

100.10
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100.31 Sep

July

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101.38 July

*■

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101.32

•

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3

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Deo

10

'

102.19

Treasury
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Apr
May

107.20

—_____1949-1953
—

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103.13

102.14

*107.16

fo7.17

*107.19

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Treasury
Treasury
Treasury
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10

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*107.13

1960-1965

Treasury
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102.13 July 13

100.4

107.13

1958-1963

2%s___:

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Treasury
Treasury
Treasury
Treasury
Treasury

2

*107.9

2%s

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104.12

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Bonds(t)

104.31

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for

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108.16

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Oct. 'ii

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114.8

of

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108.16 Dec

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a

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Law

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one

the

,

GOVERNMENT BONDS

Year 1947

(1711)

YEARLY

-

when

Figures after decimal point represent

Lowest

CHRONICLE

interest"—except for Income and defaulted bonds. Cash and deferred
delivery sales
the regular weekly range are shown in a footnote
in the week in which
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of

in

FINANCIAL

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RECORD

OCTOBER 42

§AUruguay

1928

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Monday, October 25, 1948

Friday
Bonds

Friday'-s

or

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(Republic of)—

of

A 6s

BOND

CHRONICLE

Week's Range

Last

Period

Low

Colombia

FINANCIAL

WEEK ENDED

FOR

RANGE

New York Stock Exchange

&

F-A

104

J-J

*98

104

99%

96 to

101%
96

J

102
104 Va

100%

Volume

Number 4745

168

THE -COMMERCIAL

&

FINANCIAL

CHRONICLE

(1713)

29

NEW YORK BOND RECORD
RANGE FOR WEEK ENDED

Friday

'

j I

BONDS

,

New York Stock

Interest

Exchange

,

;

Week's Range

Last

•Period

,

Sale Price

or

Friday's

Friday

Bonds

Range Since

Sold

January 1

No.

Low

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99

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ser

1st

1

J-J

A

ser

4'As inc

1st

117 Va

48%

75 %

.

__

__

Chicago Ind & Louisville Ry—
A 1st

106

7

1988

Chicago Indiana & Southern 4s__-1956

1st cons

108

1

9.8%

94%

J-3

A

104%

115

12

110% 110%

—

-Jan 1 2038

4'As—

mtge

110%

F-A

1985

or

Bid & Asked

'

F-A

_1982

Chicago & Erie 1st gold 5s__
Chicago Gt, West 1st 4s series
AGcn

110

F-A

1997

_lj

Gen

Ohio

RR—

B_—A

3

130'A

109'A

1985

conv

ser

Sale Price

Low

97'A

24

116%

1970

111

Last

Period

High

9 7'A

120

J-J

1977

mtge 3'As
mtge 27As

Chicago & Eastern
A Gen

1958

121

18

98

115

J-J

Chicago Burlington & Quincy RR—
General 4s

35

98'A

97 'A

J-J

1989.

,

Week's Range

Interest

BONDS
New York Stock Exchange

Erie Railroad Co—

122'A

M-N

OCTOBER Ti

D

109% 110

112

5

116

123%

2

119

no

117%

&

5s

J-D

1951

J-D

_1951
Torre Haute & S'eastern Ry—

J-D

Memphis Div 1st gold 4s_1st

&

ref

Income

M

2%-4'As

2%-4'As

Chicago Union

90

99%

Elec

1st

City

conv

Investing

St

102

Div

1st

Series C 3'As gtd
Series D 3.'As gtd
Sbor'

Line

1961

97%

1st

J-D

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81

J-D

0

J-D

J-J

72:

J-J

67

1990

4s

i

—

U-N

4'As
3'As

&

J-J

1961

Sou

Ohio

Tol

1st

91

2

88

98

34 '/a

84'/«

3

82%

92%

mtge

2%s

ser

Q.-_—_____2010

J-J

mtge

2'As

ser

72
67

A

F-A
^

.

A-O

103

mtge

2%s

mtge

104

104

Jlf-N

3s

!

Continental
Crucible

Baking

49

Steel

§ A Cuba

series

A—_1962

95%

98 'A

70

RR

Ry

5s

1st

SA7'As

101

series

5'As

■

97

AAdj

gold 5s__'

%

102

1st mtge 3s series B
Illinois Central RR—

Bell

5

■

wL14
4

151
17

98%

99% i

"91

27
1

92 %

83

gold

1st

"v' a-"? ,»

'■*-

57%

68

A-O

21%

21Vo

22'A

82

17'A

29 V4

96

96

i

Delaware & Hudson 4s extended

-1963
1963

Lack

Morris

Essex
4-6s

4s

Collateral

107%

Div

A—

gold 4s

•

95%

Gold

4s

>

33%

Registered
111

Cent

1st

gold

——

110%

1st

&

101%

1st

ref

101%

Illinois

f 102

Joint

1st

'

55%

42%

80%

84

ref

;

&

&

tr

Grande

/

Ref

&

2'As

Imp

6s

5

31'A

36%

AAdjustment

33%

37%
37 ■>

A 1st

5s

34%

A 1st

gold

Ry

Denver

Salt

Gen

"Gen

Edison
&

&

ref

ref

Detroit &

3'As

3s

103'A

Jamestown

102

Jersey

99'A
89

2%s

Mack

ASecond

gold

1st

1st

1963

G

J-J

__1966

series

80 %

.

I___—__1982

M-S

gold 4s___1995

J-D

1995

101'A

J-D

[

iS ADul So Shore & Atl gold 5s____1937

!

Duquesne Light Co 2%s_:

F-A

,

1977

9o'A

10
1

101 % 101%

21

96%
"75
70 Va

M-N
M-S

80%

107% 107%

M-S
J-D

City

mtge

97

7

"l

70 %

"82%
97%

97%

48%

43%

49%

3

84 %

•97%

"97

97%

101

104'/4

96

98%

68%

77

103'A 103 Va
-

66%
82%
107%; 110%

1970

1950

V

■

103
__

102

—

;

103

101

1

101

1986

97'A

..

J-D

98

36

88%

90

91'A

81

81'A

82%

91

J-J

83%

11

77

"99% 101

__

.—

8'A

101'A
102

100

■

93%
8

95

"100% 102

100%

Co—

!,

A

"87%

__

85'A

8

70

52%

70

38%

64

20

43%

66

54

48%

66

10

50

70

CO

69

99

102

90

--

5'A

RR—

July 1952

Pow

&

Lt

J-J

69%
3 7'A

1944

A-O

1972

U-N

65

66

.

36'A

66

A-O

J-J
J-J

68

66

66

66%

69

07

:

;

70

"96'A 101%

__

.

1

-.

66
.

1959

2%s_—1976

1st gtd

gold 4s__1990

A-O

Power & Light 2%s__1976

J-D

___^—1978

Ry„ 1st 3s_:_1950

Southern

1975

96
81

P—m

1st 5s

1956

gold 5s_

1995

El Paso & S'westem 1st 5s.

stamped
For footnotes see
page 31,




1

•

97%

J-J

v

"45

J-J

100

J-J

J-J

___1997

A-O

100'A
114'A
50

44

50

A-O

1964

M-S

99%

97

3

99%

"108

1959

103

104%

110

99%

i__1961

ctfs

5s

96%

J-J

1961

_—1

101%

99 'A

8

100'A

100'A

97

112'A

"97

98

97

..

176

169
100

100

100

1

1

99%

2
6

112'/a

103'A

■

97%

__

.

1

1%

102

111%

86

38

'

Toll

A-O

2

lOOVa 101

98

100%
100 A

62

101% 101%
101

97%
100

106%

96% -.98%

27

'

&

10

71

40

.

tAKreuger

12

99%

76

58%

4'As' unguaranteed

98'A

J-D

Ry 2:,As__i_1974

:•

49%
Y—4 O O

-vTf

Laclede Gas Light 4'As conv debs.._1963
Lake Slv & Mich Sou'gold 3'As—1-1997

3'As registered
Nitrate

S P mtge

Tenn Va & Ga Div

A-O

_1968

96

97%
99%

A-O

4s ser A

3%s series B____

94%

2

96

97%

J-D

;

Co

__1997

:

3'As ser A

Lehigh Valley Coal
110

112%

5s

141

156'A

5s

stamped
stamped

102

105%

5s

stamped

101'A

1063A

100

105%

Co—

1975
1970

.

__

__•

95

16

95
93

—-

8'A

98

82%

90

8

1
■

„

90

"95%

91

24

9 6'A

--

OO rH

•v-f

92

90

CO 00

95

100

84

96

...

;—__:._1954

—

108% 109 %
"89 Va

Ltd—

■A 1st mtge income
reg
:
Lehigh Coal & Navigation Co—

5s

97%
.

J-J

Kings County El L & P 6s__
Koppers Co 1st mtge 3s—L__

Lautaro

cons

"100%

J-D

4s

Plain

__1970

4s

1st

F-A

J-D

gold 4s_.
„_1987
Kentucky & Indiana Term 4'As___1961
Stamped J
!_____
A____'_1961

J-3

(NY)

103

.

101'A

97

101'/a 101 %
"100'A

J-D

Kentucky' Central

J-J

Ed El 111

J-J

r
:
.1956
C.___——_1956

Kansas City' Terminal

—

lien

City

1st mtge

& Tunnel 4'/2S
1961
Det Tol & Ironton RR 2%s ser B__1976
Dow Chemical 2.35s debs_________1961

East

101

A

gold

mortgage 2%s

Kansas

1977

RR—

fixed

-Detroit Term

-

100

97

F-A
•

Frankl & Clear 1st 4s

Central

Kansas

H

1st

103

95%

97

Kanawha & Mich

series

series

99%

—

10.3'A

103 Va

May 1 2042
3s______1973

West

Lake

—

1973

Income mtge
(3'/o
fixed
1 V>
contingent int) ___—__1993

Detroit

•

&

104 Va

104%

"99%

"101'/a

J-J

_1952

B—

8'A

"99% 101

_1963

Northern

series

9

J-J

—_1963

ser

series

6s

89%

104%
104'/a

108'A

991/4

103'A

contingent int)_—A.
__1993
mtge ser A (4%%
..T
contingent int)
_______2018

.

J-J

102%

77

O—

A_1

series

5s

N

C

ser

Great

series

4

AIncome

,

*__

102%

F-A

1951

C

4s

1st

Union

^International
1st

Ry

Iowa

&

&

D—_

ser

Terminal

111

L

series

mtge 4s

Indianapolis

A

1 '/r

'

"104'A

1951

3'As

95

102'A

86%

405'%

___1993

3'/aS___

13 %

A

J-D

103'A
-

8'A

Co—

C____

Light

coll

Rio

mtge ser

85'A

J-J

3'As_ 1953

series A.—.

5s

4'As

ref

Indiana

94%

96

101 'A 102'A

106% 107%

_____

St

98
9

U-N
F-A

9'A

105

101%

U-N

1951

1st gold 4s_

Chic

and

103%

3 7'/a

A-O

104

96%
100

9

102'A 103
"101

1953

1951

Div

Lines

8

35

A-O

J-J

_f___ 1950

,

70

U-N

——_1966

3JAs

Springfield

106

96

1952

3s.._______l951

100%
'f

100'A

M-S

gold 3s__—1951

100%

98

102

100'/a

gold

99

92%

'

103%

100%

St Louis Div & Term

101 »/a

94
■■

101'A

"101

"101'/a

_!1955

____

1st

100

102'%

"103%

1955

Div 1st gold 3s
Louisville Div & Term gold

104 Va

9 4'A

100'A

101% 101%

A-O

3'As ——1952

trust

5s

104 %

J-3

J-3

.—

■

—

lines

4"!4s

division

&

105%

div

ser

—

Power

mtge

1st

5s

due

Tr

Coll

1st

Western
M

mtge

<te

Delaware
Denver

&

ref

&

103'A

««.

—1951

trust gold 4s___

Pui-chased

Refunding

48

M-N

Y

—

..1951

3s'sterling—

gold

Debenture

1

A-O

1st

96%

51

"103'A

J-3

108'A

5
-

J-D

AIncome

98

88

.37

59 'A

3'As„—

gold

107

6

38%
83

J-J

N

94

58%

—

1st

Collateral

102'A
103%

88

50

%

33%

-1965
1965

RR

96%
127 Va

119'A

59 %

———1951

"x-i

1st

35

_1978
.1978

West

95%

J-D

35 % .35%

1946

-1965
1965

&

93

3

"5

F-A

1978

Extended

95

56

94%
9.7 'A

99 Va

1st mtge 2%s
1st mortgage 3s
Dayton Union Ry 3'As ser B
Deere & Co ,2%s debs
Lack

__

1957

§AInternat Hydro-Elec deb 6sr_
Int Rys Cent Amer 1st 5s B

Delaware

—

U-N

3'As—-I——1951

gum

108'A
107'A

104%

25

102

50

—1975
1975

J-D

Telep 2%s series A—1981

104

.

98%

rcts-^—1946

Dayton Pr & Lt

"101

L_Feb 1957

Illinois

101%

101

108% 109

____

deposit receipts

97%

1949

1st 5s A

income 5s__

Refunding

100% 100%

1942

_

96

"92%

38

deposit

f 5s

s

1st

& Manhattan

Western

1952

gold

A

§A6s series B

1st

101

98%

101'/a

94

___1963

SADepos.it receipts

.

Coal

Omaha

receipts

1st

97

93

92

104%

debs.——1965
3 As
1966

mtge

Northern

8 A Deposit

ACuba

1st

94 '/a

95

-

105'A 105'A

Gas

3s

97
12

98'A

93%

94

Litchfield

2%s__r._1968
1st mtge 2%s___ 1975

Power

66%

56%

129

Hudson

ioi

1972

____

Natural

"97

63

95

106%

—1972

D

debentures

conv

Consolidated
Consumers

J-J
M-N

47

__

62%

84

96'AT 84%

101% 102'A

B______1977

ser

100

Apr

"121

101%

104%

48

US

1982

2%s ser C

series

80

92%

,

95%

J-J

York—

234S ser A__l

3s

101%

68%

76

J-J

1978

ref

2044

2%s______1976

Corp

Cairo Bridge gold

mtge 3s series N

ref

93

3

98

76

"95

M-S

104

102% 103'A

ref

3

98

J-J

A-O

1970

100'A

106 'A 107

"104% 107.'A

&

11 Mi

102%

1999

lot

107

'A

F-A

&

6'A
O O S?

2%s

Finance

77%

95

,

A-O

<fc

15
22

Hocking Valley Ry 1st 4'As

101%

__

—

u-s

1st

9%
102'/a

104%

1955

1st

9

Hackensack Water 1st mtge 2%s__1976

Hudson

103%

1970

1st

82

102

A-O

Hudson Co Gas

10

4s

1st

65%

106

•v

New

95%

63

1978

97

102 Va

"100'A

Ry & L 1st & ref 4'As——1951
Conn River Pwr s f 33As A
1961
Consolidated Cigar Corp 3'As
1965
of

91%

J-J

1968

lst-M

mortgage 3s___

99%

23

"1063a

A-O

107

1980

mtge

_l_Jan

3%s

Util

95

A-O

1975

£>__—

trust

59'A

6

Conn

Edison

serxes

68

43

,

1977

ref

tj

"93%
"74

Feb
_1959

inc 5s ser A
July 2015
3%s seris D__—1969

ref

72 »A

RR—

100

107

mtge 3s series L____

&

rei

mtge

States

1st

;

103% 103%

—

A-O

1st

1st

&

73

Feb

B

"70

J-J

1961
A—

dah<i__

3s

Ohio

inc 4s ser B

Commonwealth Edison Co—

Consolidated

ctfs

CTn

Mobile &

&

R__
deb ctfs

West

Debentures

8 4'/a

71''2

3'As

El

&

82

U-N

A-O

__1977

extl

Bay

97

__

1973

&

82

102% 102:%

1973

3'As debs___1971

<fc

91

J-J

Collateral

93

78

—-

,

-65%

..'

1972
._

debentures

Columbus

J-J

101%

91

Ry—

Columbus

—2000

P——____1982

'

e_1950

Elec

O—

ser

109

97 %

Co—

(stamped modified)

Columbia Gas

106%

"87%

3-D

1948

"**

Terminals

Southern

ser

2%s

Gulf

•

93

"99

__

1991

4s

(rust

mtge 5s series B
1st mtge 4'As scries C
<fc

5
13

93%

1993

1st

Colorado

3'As

mtge

Gen mtge

Ry—

1st mtge 5'As series A

;

mtge

1st

95%. 100'A

97%

"91

'■

•

.

A

98%

107% 107%

^

J-D

1%.

Union

977a

F-A

coll

2

Household

F-A

Ilium 3s__—_• —1970
1st mortgage 3s
2—
1982
Cleveland & Pittsburgh RR—

Cleveland

104%

1978

_1969

Cleveland Electric

Cfeve

103% 104'A

97%

1966

Div

90

Gen

106%

104

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103%

1975

B__

Mich

90

Gulf

105%

impt 4'As series E.______ 1977

Louis

80

102'A

1974

Louis

series

J-J

r-rp"ho"r>^

91

74

103%

debs.—

St

5s

&

78

2

106'A

.•

4s

&

i__1990

AGreen

102'A

gold 4s_

Wab

3

77

1993

Co

General
Cin

82%

77

__

99%

debs__A

2%s

Clhc

&

82%
r

101'A

2%s

G

ser

General

Ref

J-J

4s___1952

gtd 3%s series E__

Cin

102

N_—*

rst

1st mtge

mtge 2%s
Ice & Fuel

Cleve

100'A

100

—

15102 'A 104%

mortgage 2%s
Cincinnati Union Terminal—

City

__

"100'A 101'A

1st

mtge

100

101
"101

105

1963

1st. & ref 4'As series D____

1st

100

2

^1963

G

ser

West'n Indiana

Gas &

103% 103%

ser

Gen

93%

3'As

Gen

107%

mtge

Gen

101%

Station—

mtge 2%s
&

103'A

J-J

1994

mtge 3'aS series F__

l-st
Chic

21

A

1994

_A__

1st

Cine

105 »A 105%

71'A

1951

Gold 3'As

Chic

105%

A_Jan 2019

Orleans

New

J-3

Gen

©en

Chicago St L

ser

"100

1964

"93%

97%

_1974

92%

92%

5

82%

66

67

9

60

71%

71

72

12

67

75

Lehigh Val Harbor Term gtd 5s—_1954
Lehigh Valley Ry Co NY 4'As ext_1950

95

30

AryAA/

THE'COMMERCIAL & FINANCIAL CHRONICLE

(1714)

!j Monday,: October 25, 1948

NEW YORK BOND RECORD
RANGE FOR WEEK ENDED

Friday

Week's Range
or Friday's

Interest

Last

Period

BONDS
New York Stock Exchange

i

Sale Price

Bid & Asked

Low

High

Friday
Bonds

Low

No.

M-N

39

38%

39

2003

M-N

37%

37%

37%

2003
-2003
5s stamped modified
2003
Lehigh Valley Terminal Ry ext 5s_1951
Lexington & Eastern Ry 1st 5s
1965
Liggett & Myers Tobacco 5s
,„1951
Little Miami gen 4s series A
___1962

Af-N

42

411/4

42

39%

40

42

46

1

A____1952

series

7s

Electric

ref

Gen

47

36%

18

J-D

J2,

4s

111%
107

&

1st

&

Coll

1091/4

102

Vi 102'/8

1

100%

107'/4

8

105'/a

108'A

107 %

2047
2047
2047
2047

J-J
M-S

1963

A-O

1966

M-S

1978

—

3%s

M-S

107

101

.

—-

2d

2003

series G

Cine

impt 5s series D
4%s

trust

2003

92

A-O

92

mtge

3s

_1980

4s

1955

M-N

debs

1972

M-N

1960

J-D

1954

J-D

93

4Vis

4s

con

Sugar 4s

Manila

RR

A

ser

B

ser

sink fund—Feb 1 1957

(Southern

Lines)

4s___1959

May Dept Stores 2%s debs

1972

Mead

mtge 3s

(Wise)

2

94%

15

101'% 101'%

3

99%

10

98%

1st

mtge 3%s
t§AMidland of N J 1st ext 5s

Mining

Paul

Gen mtge 4s inc ser A

4

98%
OO ^CJ

102%

Prior

2%s.;

1st mtge

A-O

A

1st

&

A 1st

&

A

1st

A 1st

72'/a

51

98%

5s

72%

70

66%

66%

70 Vi

70

71

M

Mountain

3'/8s

4

States

87%

28%

28'%

28%

354

18'A

1980

87%

19

71%

1981

F- A

87%

H
3

debs___J_1958

87

87

71%
61'A
101%
99%

100% 100%

M-N

»19
68

89

102'A

58%

57%

58'%

54%

60%

M-N

78 Vi

78 '/a

79

10

68%

83%

M-N

73%

73%

74%

42

64%

75

&

M-N
A-O

88%

91

*90%
101

5

101

101

93%
104'A

St Louis—
1986

97%

84'A

89%

*__

F-A

97%

J-D

*__

1965

A-O

103% 104%

1967

J-D

5s

_1952
1961

102%
21

105

96%
100%

101

5s A

>100

100%

102%

fNew Orleans Texas &

New

York

Cons

Ref

102 %

105%

116% 116%

2

115%

118%

100 % 100%

16

99%

J-J

102 Vi

102% 103%

10

102%

102% 103

102%

102

103%

99%

99 Vi

J-J

2

99% 100

102%

98

*101'% 102

J-J

4s____r.1953

Mexico

101

1954

4'As
Y

New

65 Va

68'A

2013

A-O

76%

75%

1997

&

AGen

J-J
F-A

1998

F-A

1998

F-A

63

61%

61%

—1980

1st

—'

4s

A-O

1951

N

Y

N Y

2043

*102%

—

98

102 Va

103'/a

97%

101 Va

97 V

100%

III-- '
26

99

99%'

98

A-O,
A-O

_

_

99%

103'A

102'A 103%

J-D

108%

108

_

s

.

A-O

98'A'

97

; 104',

,.

112

94

103%

98 %

97

98'A

29

94

103'/a

A-O

99%

99'A

99%

133

9 7'A

100%

J-J

84

84'/a

18

78 Va

89%

64'/8

3

59'A

68

18

5

14 Va

--

A-O

Apr

17%

3%s ser D

Marquette Ry

M-S

90%

92%

85

97%

84%

96'A

5s

1974

1

97%

32

97 'A

1

113%

118

105

no

104'A

108'A

97'A

--

1977

J-J

coll tr 4'%s

1961

J-J

1971
1967

114'% 114%

F-A

gold 4Vis series C

J-D

series

&

ref

B

2%s

&

ref

2%s

V

_

109'A 109%

_

104%

4

1

105% 106%

43

&

ref

&

ref

2%s

99'A

—

98'a

102

4

97

100

98

7

96%

99%

100

1

98%

101'%

9%

*9%
100%

15

10

8%

100'A 100%

F-A
J-D

Pittsb Coke & Chem 1st mtge 3%s_1964

M-N

*99'% 100

J-J
A-O

98%

84

Pittsburgh & West

79%

88%

1973
Hartford

1st mtge 4%s

94'%

--

4%s series C

1st mtge

76

82'/a

62

*102'%
*105%

65%

60

68

1st

gen

5s series

57%

64

1st

gen

5s series C

gen

4%s series D

24

61%

*103'A

*113%

W

— —

—

102

—

106
106

100 %

-

'

'

113%

109

111

37

103

110 %

26

106%

105% 106

88'%

—

110%

__

*110

J-D
A-O
A-O

106%

"I-__

103

110%

84%

4

88'%

89'A

ibU

103'A

4

100 "a

103%

12

100'%

103%

;

.

100'%

79i%

*91

J-D
A-O
A-O

92

90

"l

90%

81%

92

8

92

90%

79 la

90%

10

91

97%

Pittston

81%

91

Potomac

21

58

82%

96%

91

1st

101

1st

5%s

Co

98
14

74%

Terminal

100

1st

&

ref

1st

&

ref

mtge

80%

80'A

80%

"2

76%

85

J-J

71

70'A

71'A

555

60%

48

4 7'A

48'A

1968

~5

M-S
J-J

M-N
J-J
J-D

106
109

99%
105

3
•

117

102%
106'A

——

'

*99'/a

__

V

——

*92'/a 100
106

106

*213

220

90

105%

20

*144% 146
*103

90

-

106

108'A
105'A

101%

——

A"

.

142

145

210

104

216'A

75%

May

5s

1956

106
*__

106

116

~

102% 102%

J-J
J-J

F-A
J-J

1972
2037
2037

4s—

mtge 3s

77

M-N

1964

*107% 109%

F-A
J-D
J-D

1977
1983

mortgage 3s

70%

100

debs

1st mtge 3'%s—1966

Public Service Elec & Gas 3%s

100

97

inc

Elec Pwr

1962
1974
1977

B

mortgage 3 '%s

Providence
100

100

*72%

& Ashtabula Ry—

Pitts Youngstown

17
89

99'A

_

103
'

II
__

69%

61

99

•

1958
1959
1960

4%s series B

1st mtge

102

101%

F-A
J-D
M-N
F-A
F-A
M-N

Virginia Ry—

mtge 4%s series A

14

89

_

1965
1958

debentures

11%

100%

;144

100'% 100%

»—

13%

10

10

2%s debs
1964
Pittsburg Bessemer & L Erie 2%s__1996
Pgh Cine Chic & St Louis Ry—
Cons gtd 3%s series E
1949
Cons gtd 4s series F
__1953
Cons gtd 4s series G
1957
Cons gtd 4s series H
1960
Cons gtd 4%s series I
—,—1963
Cons gtd 4%s series J
1964
Pgh Cine Chic & St Louis RR—
Gen mtge 5s series A
1970
Gen mtge 5s series B
1975
Gen mtge 3%s series E
1975

3 %s

100%

99%
97

97%

J-J

Phillips Petroleum

98

'

w.

98 Va

100

F-A

1937

1st s f 4s
of deposit

t§APhilippine Ry
ACertificates

J-D

1978

;

73

90%

100

103%

97

98'/a

M-N

1981

2%s

1st

*98'A

M-N

1974

ref 2%s

&

1st

Pittsburgh Steel

'103

M-N

25%
106

103

104'/a 104'%

104%

F-A

1980

& Wash RR Co-

Bait

76

93 Va

100

107%

111%

a

1985

ext

4s

70'A

76

117

99%

4

J-J

4s

63

88

2

112

•

119

109

:/...
98'A '

1960

Eastern

&

A Income

16

113% 114

F-A

Apr 1990
Peoria & Pekin Union Ry 5%s
1974

Peoria

0

1st

&

ref

,

mtge

8s

RR—

470

31

52%

Chester—
_1954

—

M-N

102%

102% 103

12

M-S

13'A

12%

13'A

392

J-D

6'A

5%

6'A

83

96%

96%

M-S

21

98%

7%
3

95%

103

13%

—1964

Quaker Oats 2%s deb

99'%

99'%

t5

88

J-J

88

10

98%

100'A

7'A
98%

'

Steam

Corp

Gas

1st 3%s_____

1993

A-O

1977

2%s

J-J

1963

J-J

*68%

--

72%

60%

*—

——

•.

97

97

105% 106

'

—

5

105

3

32

,

JN Y Susquehanna & Western RR—
§ A 1st refunding 5s
_1937
§A2d gold 4'As_
——1937

gold
1st

5s
gold

__

5s_

N Y

Telephone 2%s ser D
Ref mtge 3Vis ser E
Ref

106%

103% 103%
—

63%

21

90%

J-J

1973

A

1st cons gtd 4s__

Elec &

§ATerminal

102%

1984

series F

3'As

mtge

66%

J-J

2043
series

—1955

State

§ A General

Gen

80%

89

M-N

Light 1st mtge 23As—1975

Putnam

49

35%

2

1952

66%

*61

—

93'A

F-A

2000

4s

N Y Power &
N Y &

104

102'A

291

48

J-D

1981

3%s

deb

66

66
—

A-O

1975

tAN Y Ont & West ref 4s___June 1992
AGeneral

M-N

J-D

1968

series E

4%s

mtge

80

80

J-D

1986

ser B

Port

Gen

1st

A

&

93%

Louis—

mtge 4s ser A—
2007
mtge conv inc 4Vis ser A-2022
River

44

48

1965

B

series D

194

62'/a

F-A

-

4s

4%s

120

69%

86'/a

1998

:

ref

Harlem

86%

J-J

1997

3'As

F_

General

1st

1998

&

15

97

65%

69%

B___

Haven

80

River RR—

•

West

series

1st

N

&

—

Pittsburgh Consolidation Coal—
F-A
A-O

gold 3'As

series

4s

96%

2013

registered

Lack

96 %

—

Mtge 4s series B
Y

A-O

—1998

Connecting RR 2%s
Y Dock 1st gold 4s
Y & Harlem gold 3 Vis

Mtge
N

—

Co—

N Y

N

II'I

92'A

78%

20

; 92

deposit

York Chicago & St
Ref mtge 3'As ser E

N

*87

94%

84%

—

81

80%

17

92%

~

A

RR

ser

91

92

F-A

mtge

mtge 3s

104

deposit

New

1st

91%

•

A_!

Cent coll

92%

F-A

1956

registered

3'As

107%

100%

~7

102% 103

A-O

1956

3'As
3'As registered
Lake Shore coll gold
Mich

': v

deposit-

D

Central & Hudson

3'As

•

•:

&

General

:

.

J-J

deposit

impt 4Vis series A
Ref & impt 5s series C
N Y

A

102%

__

Ry—

C

series

*104%
•

1954

Central

4s

'

1960

A

series

1st

9

116%

1983

B

of

A-O

1965

series

1st

100 Va

J-D

1952

Ref & Imp 4Vis series A
New Orleans Term 1st gtd

5s

1st

New Orleans & Northeastern RR—

series

—

Philadelphia Electric Co—

99

>100

M-S

5Vis

104

1003a

__

*100%

--

98%

94

4

95

*104%

m-3

1960

sinking fund 4%s

Philadelphia Co

M-N

1974

ACertificates

106%

General

103%

A-O

Light 3s

of

104%

102%

General

100%

102%

*96% 101 %

Jersey Power &

ACertificates

99%

10

95

99%

RR—

4'/2S

Phila

91%

97

102

5

97 Vi

J-D

1970

cons

of

13

;—1975

General

Pere

2%s debs_1970

Tel 5s A

series

99%
102'/a

1952

debentures

f

s

Conv

F-A

A 1st

trust ctfs

mtge 3s

General

J-D

Tel 2%s___1986

New Orleans Great Nor

■'

f gold 4%s

s

series E

4s

Cons

68%
104

1955

1986

series

99%
102 Va

A-O

income debentures„1960

conv

Pennsylvania

1955

1st 4s__

5s

Vis

3s

2000

3Vis

gtd

4 Vis

96%

%

104

104'/a

100

89

Telephone 3'/aS___1988

Certificates

91 'A

91

j-j

1st

30%

86%

Jersey Bell

a

35

1955

1st

88%

Junction

A 1st

%

111

72

N

A 1st

92

Passaic G & E cons 5s_1949

Gtd

89
'

87'%

&

of

99%

91%

J-D

100 Va

34

Pennsylvania Power & Light Co—

New

series

98

96'/a

&

Pennsylvania Glass Sand 3 Vis

_1982

5s

103

94

12

&

89%

series B

Certificates

99

21

97

M-S

50%

debentures

a

6

94%

96'/a

A-O

71%

M-N

A 1st

99%

94

1978

71%

J-D

RR

99
94

J-D

1986
1987

30'A

1948

gtd 4 Vis

103

debentures

12

B

New England Tel &

99

debentures

436

A

Gas

98%

45

debentures

269

1954

J

Tel

&

88

Newark

New

Tel

87%

mtge 3s
National Supply 2%s debs
Naugautuck RR 1st gold 4s

1st

Pacific

48

National Steel Corp 1st

Consol

20

99%

J-D

87

A-O

I

Chattanooga

99'/a

99

J-D

46%

1978

mtge 3s ser

99

99

1981

86%

M-N

gtd

Tel

99

J-D

1980
2%s debs_„—1985

87%

M-N

National Dairy Products
3s debentures

3s

2%s series P

A 3

N
1st

3s series

ref

87%

debentures

Nashville

ref

4 7'/a

series B

Vis

108 %

*106'/a

Pennsylvania-Central Airlines—

80

1949

3s

series

5s

106

97%

103%

Paducah

71%

1978

series

Co

105

*99% 100%

1977

N

&

&

M-S

1

1st

103Vs

100% 101JA

1st & ref 2%s series Q

M-S

80

Constr M

.

F-A

66%

Constr

L

3s series

3s series M

1977

87%

&

93%

7

J-D
J-D

Paterson

69%

A

1st gtd

Essex

3

Pennsylvania Co—

66%

(John)

95 %

98%

J-D

3 %s

84%

G

series

5s

94%

103% 104'/8

102

J-D

2%s

61'A

87

&

79

47

1

72

*102'%

Morris

68%
71%

13

F-A

Morrell

93%
57%

61

2

64

M-S

ref

Malone

93'

1971
1974
1979

3 %s

75V4

62'%

&

& ref

1st

49%

53%

19

75%

ref

1st
1st

85

3

85

gold 4s___1991

&
&

98%

1970

3s series K

ref

&

1st

Monongahela Ry 3'As series B__J_1966

Moli'k

1st

101%

48

ser

gold

10

11

14

19

1966

& ref 3%s series I

1st

1st & ref 3s series J

66

4

4

64

A-O

16%

21

95%

17

& Electric Co—

Pacific Gas

1965

F

series

5s

ref

98

99'/a 100

94%

Electric 2%s

Gas &

___1975

gold 5Vis

&

95%

94%

103%

101%

101'A

72

J-J

Jan 1967

99

101%

99'/2

F-A

Co—

series

5s

ref

AConv

25

53

J-J

_1978

D

99

95 Va

94%

J-J
M-S
A-O

1975

2%s

mtge

A-O

100

96

__

57'/a

85

85

J-J

J- J

4s

ref

100%

57

J- J

RR

*93

_1975

106%

103%

100'% 100%

57'/a

100'/4

1962

II

Oregon-Washington RR 3s ser A—1960

87%

80

4

101% 101%

'/4

101

A-O

1st & ref 5s series A

A General

M-S

1962

97%

96'/a

96%

96%

A-O

Oklahoma

RR—

series A

5s

Pacific

*95

A

series

4Vis

adjust

M-S

B._,_

series

lien

A Cum

JMissouri

103% 103%

J-D

series

5s

4s

M-S

1990

100'/a

104%

4

101%

99
25

83%

83 Vi

J-J

A-O

Jan 1991

92%
99 V

8

65

101

99

100>A

1967

1st 4s

Missouri-Kansas-Texas
lien

M-N

__1940

A__i.__Jan 1971

97

100

92

13

97%

96 %

101% 101%

102'A

Ste Marie—

ser

Mo Kansas & Texas

A

1969

& Mfg 2%s

Sault

&

1st mtge 4Vis inc

40-year

94%

101

100% 100 %

*101%

Prior

65%

87'A

10

.

F-A

70

94%
98

*100%

A

88

68

60

96

96%
96%
101 %

98'A

70

M-N

St

87%

103

61

62

*60

88

—

24

63%

J-J

tOgdensburg & Lake Champlain Ry^—
§ A 1st guaranteed 4s
—1948
Ohio Edison 1st mtge 3s
;
1974
1st

94%

M-N
J-J

M-S

1952

4%s series C
1979
Michigan Cons Gas 1st mtge 3Vis_1969
1st mtge 27/8s
_1969

91'A

3

1951

3Vis

impt

98

84%

86 %

A-O

1st gold 3Vis

75%

67

94%

99

86

86 Vi

J-D

Jack Lans & Sag

101%

97%

25

75'%

75

*96%

M-N

1950

Minnesota

'

'

—

107%

96'/a

•

-

62%

O

Corp 1st mtge 3s
_1966
Metropolitan Edison 1st mtge 27/8s_1974

Minn

108

99

32

111

108%

—

98 '/a

98

Metrop Wat Sew & Drain 5Vis
Michigan Central—

&

116

96%

92%

2

>101% 108

89%

77

1

79 Vi

93

M-S

Div

RR

&

Manati

Ref

_

62%

J-J
J-J

1974
1975
1978
1977

mtge 2%s

1st

101%

87

2

2%s

1st mtge

(Minn)

92

79 Vi

A-O

gold

& Co 27/as

Maine Central
1st

129

109%

States Power Co—

Northern
1st

series F

27%s

<fe

(R H)

*99

Q-A

M
Macy

127

102%

107

*107

85 %

49

3
—

-

Q-F

1975

Ref

110'A

107%

ioo<ss

*108

109'A

15

83%

114%

102% 103%

103%

Q-J

registered

102

100%

nooii

F-A

Div

Knox

_1997

102 '/a

100%

nooji

M-S

High

106%

10

127% 127%
*105

Q-J

Jan 1 2047

lien 3s

impt 4Vis series A
Ref & impt 5s series C

A/-S

M

Louis

4s

&

101 &

^JLow

105

82'/a

83%

M-S
M-S

1997

January 1

Sold
No.

107% 108'A

—

Range Since

Bonds

High

Pacific Railway—

Ref

99%

1951

M

ref

&

St
Atl

1974
1974

&* ref 5s

registered

3s

1949

mtge 3s

ref

Ry 1st gold 4s_1996

gen

4Vis series A

ref
lien

General

34

conv

Central

&

Prior

121%

107%

M-N

mtge 5s

Northern

78

67

Southern

AGen

Louisville & Nashville RR—
1st

A-O
A-O

Northern

107

2

108% 108%

2014

40

121

108%

inc

Norfolk & Western

gold 4s

ref

debentures
&

■

,

A-O
A-O

M-S

42%

1949

(P)

Louisville Gas & Elec 3 Vis
1st

Vi

72

1966

38'A

Co deb 5s__

stamped

3s

46

Norfolk

3Vis
Ry Co—

Power

39%

M-S

Guaranteed
4s

M-N

A-0

3

1949

Long Island unified 4s__

Lorillard

M-N

Falls

27

230"

Friday's

or

Bid & Asked

High

29%

32

73

.

Sale Price

Low

30

10

—

Last

Period

New York Stock Exchange

26'A

109

2003

4s registered
4%s stamped modified
4%s registered

Week's Range

Interest

BONDS

Range Since
January 1

Sold

Niagara

Lehigh Valley RR—
4s stamped modified

ALombard

OCTOBER 22

mtge 3s series F__

For footnotes see page 31.




Reading Co 1st & ref 3'/as ser D—1995
Revere

J-J

41%

41%

41%

Copper &

Brass

3%s

52%

Rochester

*__

40

30

40

20

20

29

12%

29

M-N

76%

77

2

73%

78%

J-J

95%

96%

5

93%

98%

103% 103%

1

.103%

100'/a 101

7

100%

series D
series H
Gen mtge 3%s
series I
Gen mtge 3%s series J_—
f A Rut-Canadian 4s stamped
t§ARutland RR 4%s stamped

F-A

'

F-A

1940
1943
1982
1978

F-A

103%

J-J

100%

,—1981

R

68%
97

107%

'

105

101%

Gen

Gas

mtge

Gen -mtge

&

4%s
3%s

Elec

1960

M-N
M-N

93'A

8 3'A

101

*102

102%

Corp—

1967
1969
1949

J-J

1941

J-J

*-

M-S
M-S
M-S
M-S

1977
1967

*107%

123%

107%' 107%

104% 104%.

3

12%.. 12%
15%'

1

15%

59

14%

108'/a

107%

—

*106

104 :•

406

7'/a

12%

7% "

15%

Number 4745

Volume 168

THE

COMMERCIAL

&

FINANCIAL

CHRONICLE

(1715)

NEW YORK BOND RECORD
RANGE FOR WEEK ENDED

Friday
Interest

Last

Period

BONDS
New York Stock Exchange

OCTOBER ;>2

Week's Range

Sale Price

or

Friday's

Low

Friday

Bonds

Range Since

Sold

January 1

No.

Low

Bid & Asked

High

Lawr & Adir
2d

1996
1955

mtge 4s series A
2nd mtge inc 4 Vis ser A

St

Louis-Southwestern
1st

4s

2d

inc

4s

Gen
St

bond

J-J

Jan 2022

Pacific

M-N

ctfs__

Nov 1989

gold 5s series A

Scioto V & N E

1st

85

67

84

61'/a

60%

104

61%

103

J-J

99%

51%
98%

A-O

5

80%

1996

J-J

Jan 2016

Ej

Socony-Vacuum Oil 2Vis

3s

Nor

&

Ala

Bell

RR

Tel

89%

II

2%s
2%s

1st

1987

.

J-J

1977

M-S
M-N

4Vis

_1981

M-N

1st mtg

Pacific

RR

A

1996

J-J

A-O

91%

1

__1956

A-O

108'%

—

1956

112

9

98%

A-O

—1996

J-J

_1951

J-J

1985

■

91%

103

M-N

Coke

Coal &

86

92%

Apr

Standard Oil of Calif 2%s debs—1966
Standard Oil (N J) deb 2%s_
1971

M-N

Sunray Oil Corp 27/8S debs

87%

99

94%
92%

49

84%

debs

93%

5

RR

105

105%

_1975

M-S

M-S

1963

A-O

-

1st

gold 5s__1949

80 V'4

13

18

96%

82

8

105

Ward

7

108%

113%

103%

109

102%

104%

74

93 Va

M-N

Texas

Corp 3s

Texas

&

1st

deb

New

&

1985

Orleans

3Vis

series

B

___1970

M

3%s

series C

—1990

104'A

A-O

„_2000

J-D

Texas

Pacific

&

1st

gold

5s

Gen & ref M 37/aS series E
—1985
Texas Pacific-Missouri Pacific—
Term

Third

RR

Tol

of

New

Orleans

Shore

5s stpd

1st

Ry 1st ref 4s
income 5s

&

971/2

.

"v?'

4

Ohio Cent ref & impt 33/is
Gas & Elec 1st gold 5s

101

ser

gtd

—

—

3%s series I

4s

ifi

1949
1961

Funding

&

real

gold

102%

96%

estate

2%s

3s

3%s—. —1971

2.65s

100

debentures

Union

Oil

2%s

of

debentures

123

1231/2

101

106%

100

105%

107%

106 Va

109
69%

*106-% 107%
*107% 107%

107%

15

107% 107%

65 7 a

65%

55%

64%

100%

65

101% 101%.
101% 102

2%s_—.1951

J-J

71

67'/a
101%

103%

95

1

101%

90

97

99%

71

101

101%
90 %

57%

2

100 Va 100 Va
101

59

16.

66 V4

J-J

&

Mfg

^—1971

—„

102

28

88 V4

89

80%

94%

99%

101%

,.J20

96%

997/s

458

100V4

102

101%

103%

93%

100%

94

100%

91VV

1017/a

'

'

102

94%

33

:•%£:> •' •j!';,

99
224

mtge 3%s
Co

&

series

1st

1992

101

—

99

3

1st

B

Central

*—

101%

■

—

103 Vb 103 Vb

J-D

98%

—

6

99 V*

89

4s_

.—I960

94%

10

96%

97 %

6

102 V4 102%

4

101%

103%

111%

112V*

Ry—
.—1949

—

J-J

.

•

75%

J-J

••

M-N

75%

2%s__—1976

Public, Service

3V4s__+_l971

J-J

'

77

2

70

75

191/4

43

75

v. 75

40 %

41 %

j-D

V-/-

64

93%

41%

145

40V4

Power

■

201

76%

40 V4,

,

2

94

98

93

104

4

,103

>•93%

,U04

t

40'A

30

96 Va

105

v>p:....

/"I

64%
Yonkers

101

Elec Lt

&

Power

2%s____1976

J-J

94

92%

94

101%
99

106%
96

Deferred

a

in

delivery sale not

the

year's

included in

the

109%

included

impaired

the

by

year's

sale

included

not

y Ex-coupon.

d Ex-interest,

range,

in

maturity.

•

•

•

101%
103%

*Friday's bid and asked prices;

101

A

Bonds

selling

flat.

no

sales

e

Odd-lot

year's range,
-

reported as being in bankruptcy, receivership, or
the Bankruptcy Act, or securities
assumed by such Companies.

101

the

„

$ Companies

100

96%

in

n Under-the-rule

range,

year's range,

101
;

94%

J-J

JVisconsin

3^02

95

18

96 »/2

100

■*__

A-O

Electric

§Negotiability
2

96%

J-J

Wisconsin

not

103% 106%

94%.

—

85

97%

„

M-S

1967

D

J-D

1970

mortgage 3s——1958

S

*10132

—

98%

37%

"'"'■'I

101 % 101%

101%

M-N

deposit
§ASu & Du div & term 1st 4s___1936
A Certificates of
deposit

100%

68

721

96%

J-J

97

102

74%
44%

96%

97

'',

—1949

2%s series A

§ A 1st general 4s_!
A Certificates
of

i2i%;;i27%

37%

99

*100% 101

M-S

1973

——

'•

tWisconsin

106

88%.t

•

17

.<■

116%

92 %

45

*100% "

J-J

1970

98

M-S

.;i

•.

101

68

M-N

1967

deb

3s

47%

98 V 2

M-N

Wheeling & Lake Erie RR 4s

Winston-Salem

103%

91

*100%

A-0

1968

Calif

53%

1951

debentures

conv

98%
100 %

97

4

*102 '

M-N

.—1975

107 %

May

^_1950

—

debentures

included

trust 2%s

103

53%
98 %

1960

4%s

5s

Westinghouse El

U
of Mo

97%

53%

A-0

Western Pacific 4%s inc A
Jan 2014
Western Union Telegraph Co—

5s

74%

M-S

Co

99 % ~

85

M-S

25-year

43%

A-0

Tri-Continental Corp 27/aS debs

94%

92

*105% 106

F-A

_

t;;

jy\:\ .'

M-S

Electric

3

*90%

,..2361
Western Maryland 1st mtge 4s_—1952

Registered

30-year

37

96

101

,

J-D

mtge & coll

107 % 107 V'4

M-N

M-S

97%

114%

-//i7

.

89%

123

J-J

1960

1st

M-N

''

104% 104%

96

J-D

1960
Jan 1960

.

Trenton

Union

100

guaranteed—_2361

57%

95%

95%

J-J

3%S— 1974

Ave

A Ad J

85

90%

J-J

105%

97

97

b.'v."'

A-O

1st & ref

83%

75%

84

J-D

West

98

100 %

—

RR—

M

74

1

20

J-D

92%

961/2

115% 115 %

M-N

ref

100 %

80%

1967

46%

39

*991/4 1001/4

A-0

—1965

92%

>

3%s_

100%

93%

*951/2

--

J-J

—2019

44

97%

1950

Wilson

imp M 4s series C
& imp 2%s series D

93%

81%

1966

mtge

West Penn Power

of St Louis—

&

101%

80 %

A-0

93%

10

94%

96%

96%

F-A

102%

52 J/2

109

6

80 %

A__1970

Gen

94%
120

91%

_3

95%

100 &

99%

104%

__

95%

93

93

Apr

debs

Westchester Ltg

84%

112

103%

112%

95 Vb

Apr

(subordinated)
.1970
Warren RR 1st ref gtd gold 3%s__2000

1st

Ref

*104%

Apr

debentures 3%s_1976

conv

Gen & ref M

Ref

M-N

series B—_1971
G & W 2%s debs_1966

Baking Co—

5%s

110

76%
90

103

103

107'A

89%

112%

—

101%
176

*99% 101

A-O

1995

94 V8

—

107% 109

J-J

1958

99%

1

96%

*101 %

108%

M-S

2003

Wheeling Steel 3%s series C___
Terminal RR Assn

96%

Co—

Walworth Co

102

80

*97

J-J

1973

85%

*101 % 1021/4

J-J

1972

debentures

97 V*
97

105%

1st gtd 5s

1st mtge 3%s
Walker (Hiram)

95%

100

51%

U

'

F-A

1966

.

52

93%
79

2

80 Va

W

104

86

101

94 %

94%

80

105

Gen mtge 4s inc series A
Jan 1981
Gen mtge inc 4%s series B__ Jan 1991

84%

*—

95

*104

5s

cons

Wabash

99%

103

94V4
«...

99

91

*105

Virginian Ry 3s series B

96%

78%

*106 J/4

;

A-0

1983

ASpokane Internat 1st gold 4%S—2013

25/bs

1st

102%

11

95%

95%

94

96

94%

■

124

5

112

87 Va

13

96

122

103% 108 %

95%

-

Co

49

:

*92'/a

•

■

94%

22
-

101%

111%. 112 '/a

1956

series A__

6s

-1

56%

97>/4

2

4

80

J-J

J-J

Southwestern Bell Tel 2%s debs
3Vis debentures

&

96%

97%

85 Va

--

1994

Ry

Devel & gen 6Vis series A
Memphis Div 1st gold 5s
St Louis Div 1st gold 4s__

27/bS

92%

57

'101

1961

1st cons gold 5s
Devel & gen 4s series A^

Swift

Iron

& Southwest

ol %

92

J-D

ser A-1975

1st mtge 2%s series F
1st mtge 2Vis series G

gen

Va

Va

94

94 Va

—

J-J

&

debentures—

conv

97

28%

93%

100

94%

91 %

F-A

mtge 3s series F

97

100

96%

M-N

Washington Terminal 2%s

3%s

1986

Devel

A-O

1955

mtge 2%s series E

Co—

mtge 27/bs series E

Southern

ref
ref

74%

Co—

(Oregon Lines)

San Fr Term

&

1st &

80 Vb

■

81 %

102%

1978

1st

127

102%

122

93%

High

96%

_1957

—

102%

92%

99% 100

93%

89

96%

M-S

4s series A

g

series B

98%

35

122

J-J

.1969

Southern

cons

4s

61%

100 V*

93

V_I':. I

'

F-A

4Vis

Gold

1st

J-J

1994

^

Ry 2%s

Pacific

4 Vis

Gold

f

24

94%

100

93%

RR

s

192

74%
95 V*

*31

'

A-0

1979
_1985

Indiana

Cons

100

94

100

881/4
*90 V'4

Co—

-J.

debentures

Southern

F-A

.J-J
J-D

debentures

Southern

Vandalia

127

72

94%

Low

21

Virginia Electric & Power Co—

*94

A-O

-.—lges

gtd 5s

88 V*

98%

A-O

-1967

103

99% 100
74 %

J-D

1976

Tel

&

debentures

M-S

98%

M-N

3%s

J-J

& Sons 2Vis
1966
Union Oil 2Vis debs
1971
tSASilesian-Amer Corp coll tr 7s—1941
Skelly Oil 2%s debs
1965
South

2%s

_1966

93

6

*127

Shell

Southern

98 V*

65%

99%

*100%

M-N

January 1

109

87

99%

Range Since

Sold

No.

89%

9

-

J-D

1989

gtd 4s

1st mtge 4s series A
(Jos

F-A

1991

100

333

104

86 %

J-J

1990

AGen mtge 4 Vis series A

mtge

1976

85

80

Seaboard Air Line RR Co—

Seagram

Ref

Bonds

•

High

RR-

debentures.

79%

75%

2

100%

99 %

85

*97

84'/2

May

1989

Paul & Duluth 1st cons gold 4s_1968
Paul Union Dept 3%s B
1971

St

96
70

10

80

85

Ry—

certificates

bond

& ref

J-J

98

•=•70

Bid & Asked

._1959

1st
A

98

A-0

1997

Rocky Mt & P 5s stamped
Louis-San Francisco Ry Co—

'98

J-J

1996

St L
St

M-S

1971

1st gold 5s

gold 6s

Week's Range
or Friday's

Sale Price

Low

2%s
St

Last

Period

High
Union

Saguenay Power 3s series A

Interest

BONDS

New York Stock Exchange

•

'■;/

:

'

•;

not

sale

Cash

,

•

reorganized under Section
' I'..'*

being transacted during current week.

*'

r

sale

77

•

,

of

...

V

NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash

in

footnote

a

and

the

in

deferred

week

in

AND

YEARLY

RECORD

delivery sales are disregarded in the week's range unless they are the only transactions
they occur. No account is taken of such sales in computing the range for the

of

which

the

week, and when selling outside the regular weekly range

are

shown

year.

In the

following extensive list we furnish a complete record of the transactions on the New York Curb
Exchange for the week beginning on Saturday,
Oct. 16, and ending the current
Friday, Oct. 22.
It is compiled from daily reports of the Curb.Exchange
itself, and is intended to include every security,
whether stock or bond, in which
any dealings have occurred during the current year.
.

RANGE FOR WEEK ENDED

Friday
STOCKS—
New York Curb

Last

Exchange

Sale Price
Par

ACF-Brill
Acme

Motors

Aluminum

Acme

Wire

Adam

Hat

Co

1

_1

,

Supply Mfg
Agnew Surpass Shoe

Ainsworth

Mfg

Associates

Air

Investors

Convertible

Alabama

Great

Alabama

Power

Alaska
Alles

Fisher

10

Appliance—
4.20%

1

common

Internat

Investing
(Mich)

Aluminum

$3.75

Co

Corp

of

cumulative

Aluminum

Ltd

_h

pi-

3%

200

5%

5%

100

2'A

300

l7/a

600

10%

lVe

New York Curb

Sep

3% May

American

57/a Mar

American

Jan

4% Mar

35

7%

Mar

Apr

11

6%

IV*

3

500

3

100

38

37%

60

7

700

__

__

3%

x6%~.

»
*

—h

*

page




35.

Car

Beverage

American
American

Book

102 % 102 %

Fork

&

Hoe

American

Gas

&

6»A Mar

9%

Apr

Oct

3% May
38

Jun

5%

Feb

8 V4

Hard

May

American

Laundry

American

Light

10

79

Feb

102%

Oct

25

87

Jan

94

Sep

4,100

2%

4%
y

3'A

17%

700

17

Jan

Sep

6%

14

__

—

52%

60 %

4,600

91%

93 V*

250

89 Va

25

25

100

22

—

'

51%

8 Vb

__

52%

50

6,080

36

Trac

High

Low

3,800

1% Aug

2V* Aug
2%

20

751% Aug

1,700

5 Vb Mar

771%

18%

1

Co__

25

90

Jan
Jan

25

161/2 Mar

7%

Jun

197/a May

18

2

Va

18%

600

38%

40%

23.700

31

Feb

40(4 July

109-% 109 %

•

25

107

Sep

113% May

2%

2%

3,300

1%

Feb

3Va May

33

34

75

32% July

40

37

37

38%

125

36'% July

43

%

Jan

16%

161/4

16%

400

16

Feb

21%

Jun

291/4

29%

150

29

Mar

32 Va

Jan

19%

20%

9,100

32%

32'%

100

20

common

7

6%

1

preferred

Apr

Sep

May

37/8 May
22 %

Apr

20

25

American Mfg Co common
American Maracaibo Co—;

Mar
Feb

22

Jan

American

Metal

American
57 V*

6%
40 Va

10c

Mach

&

1%

Jan

Feb

21V4

Oct

301/4 July

32 V4

Oct

14% Feb

18

Jun

15%

4Ya May
7

77%

—

*

com

preferred-

Rubber

Range Since January 1

High

1%

100

convertible

Shares

1% July

1%

10

common

preferred

American General Corp common
$2 convertible preferred

$2.50

Low

Sales
for Week

Light—

Electric

4%%

Apr

1

1

American

2%

of Prices

1

B

Jun

3%

.

&

Aug

36

A

100

Power

3 Va Mar

92 %

17

class

Co

Cities

6%

3%

—

17

Co

common

14%

..92%

__

91%

j.

Bantam

Sep

Jan

Range

Sale Price
Par

3Va Aug

31%

Last

»

Exchange

High

American
—

60%

common.i.i

see

7%

—100

Mfg

common

footnotes

31%

6% Aug

*

common

preferred

Goods

Industries

1.200

*

America

Aluminum

Low

1%

10%

1
5

common

common

Aluminum

For

100
__1

Products
Bros

50

pfd

Allied

■

13

Inc

Allied

Altofer

1
!_2

J)

Southern

Airlines

High

*
5

common——

Electric

&

Stores.

(N

preferred

Air-Way

5%

Week's

Friday
STOCKS—

Range Since January 1

1%

__

•

1

common

Inc

Shares

Class

Aero

Air

37/8

10

Inc

Sales
for Week

2%

__

common

Stores

Range
Low

warrants

Alloys—.——.

Week's
of Prices

OCTOBER 22

Meter

American

Potash

69

Jun

Aug

98

May

American

Mar

25

Jan

Sep

13

Jan

56

Jun

Co
&

-

Chem

Class

200

4%

11.300

1,300

4%

26%

26

i

*

43%

43%

43%

700

class

A

*

28

27%

28

300

B

4%

*

27%

27%

28

1—10

Republics

25 %

23'A

26%

series

3,300
14,300

Feb

7

Feb

27

Sep

38

Mar

51

Jan

27

Sep

36

Jan

26%

Sep

36 Va

Jan

18% Mar

27 Vb

May

5%

Jun

3

y

17V2

Jun

'

Seal-Kap common
2
Amer Superpower Corp common-—10c
$6

15%
26V2

15%

15V4

1

2

Co__

American

Mar

25

Products

preferred

—

*

^

1

1 Va

71%

-

!

65 %

3%

__

1 %

11,100

71%

2,100

Oct

% Mar
42'%

Feb

1% May
71 Vz

Oct

31

32

THE

(1716)

Monday, October 25, 1948

FINANCIAL CHRONICLE

&

COMMERCIAL

I!

EXCHANGE

CURB

YORK

NEW

RANGE FOR WEEK

'I'l

ENDED OCTOBER

'

New York

ef Prices

Sale Fri«e

Exchange

Curb

Par

Exchange

Curb

York

New

Range Sines January 1

Shares

Range
of Prices

4%

preferred-

5

Angerman Co Inc common

l

Anglo-Iranian

5ft

Oil

—£1

2%

l

Appalachian Elec Pwr 416% pfd_
Argus Inc

Aro

Light $7 pfd-

&

Equipment Corp

American dep

Oct

8V2

Feb

300

5%

2,500

5%

Jan

1%

4,700

10

55 Vb

50%

55%

37,300

14%

13%

14%

500

10

10

10%

600

i6

16

150

98 ft

101%

Feb

6%

7%

28,800

4%

Feb

10%

1,200

10%

10%

19%

20

10%

Jan

Cocxsnun, Plow Co common

Feb

115 %

Aug

Colon

14

Jun

Colonial

Airlines—

23

Jun

Colonial

Sand & Stone Co

900

10 Va

12%

Feb
Feb

Tel

'""%

""%

*

17%

15 Va

3/4

Jan

Atlas

-1

50

Co

3%

Jan

Commodore

50

5%

Oct

434

Apr

Jun

Compo

1714

Automatic Steel

Automatic Voting

Avery (B F)

Inc—

4

Oct

Feb

6%

32

9%

400

50

243/4

Feb

Feb

26

July

19

19%

500

15 Vi

Feb

27

Jun

16% July

Continental

Babcock St Wilcox Co
Baldwin

66%

Sep

663/4

Sep

80

Rubber

Co

~9Vb

~9'/4

1

common

~9%

300

Mar

14

Jan

American

10%

Corp

~5%

~6%

1

~6%

Jan

11

Jan

7%

4% Mar

33,300

Seelig Mfg—
$1.20 convertible A common

B

Basic Refractories Inc
Baumann

(L)

Shoe

(AS)

Bellanca

Ties

5% convertible
Courtaulds Ltd—

Tel

of

Canada

&

Hedges

Convertible

2

383/4

38%

250

8 3/8

8%

8%

1,700

& Co

8

Sep

10%

Jan

Jan

28%

Sep

31

Apr

35

Sep
Jan

13%

Sep

18

63/4

Sep

6V2 Mar

625

14

12%
3 Va

3%

8

3%

8

2 3/4

prior cum pfd
Borne, Scrymser Co
Bourjols Inc

100

24 Va

24%

72%

Oct

22

ft Aug

30

Sep

11

•

400

13%

200

13%

Oct

23% Aug

9%

Jan

APF

•

Co

■*—»

•

14 %

t

!■,

j.

^

;

15 % Mar

\

22% July

21%

22

22

2,000

Va

9

150

8%

Oct

1314

Jan

8V4

9

200

8V4

Oct

12%

Feb

British

Celanese

Amer

3,500

1%

Sep

2%

Jan

Jan

23'/2

Sep

Apr

2 34

Jun

cum

Junior pfd

Brown Rubber Co
(E L)

Bruck

Mills Ltd

Co

1%

10s

reg

British Columbia Power class A
Class B
Brown Forman Distillers
4%

1

£1

•

223/4

23

•

class

23

/Vi 450

113/4

1

5%

1

lOVa

11%

1,900

5%

3,500

10%

lift

600

5%

2.B0

Ring Co
Burma Corp Amer dep rets
Burry Biscuit Corp
Butler (PH) common

Sep

4%

Sep

•

Dayton Rubber Co class
Dejay Stores common

300

Feb

12

Oct

32

%

5

1

__

2%

Sep

11%

300

107/a Mar

3,000

16

Mar

2^3/,

15%

,

100

13

Mar

173/4

Jun

%

V 5/8

5,500

%

Oct

2%

4,700

l7/a

Oct

10% July

■

--

4%

'600

~7%

400

Domestic Credit Corp class

A

Ltd

Dominion Steel St Coal class B
Dominion Tar & Chem Co
..

Sep

Fab

11%

Apr

2% Mar

2%

Aug

49

29%

Feb

72%

Feb

110%

Oct

4 %

1,400

2 "/a Mat

o%

Juiy

1%

200

1534

1,800

34

13

12 Va

%

1,500

% Mav

8%
3%

Jan

200

13Va

Jan

,7%

2.700

500

~7%

7%

50%

49%
3 !4

3 Va

100

45%

45 Va

48 Va

5,200

1%

5.300

:

1

6,500

4%

Fcd

1

53%

Jun

1%

Jun

10%

Jun

6% Feb
5% Mar

9%

.10%

6%

6%

6%

6 Va

6 %

6%

14%

14%

50

21b

2%

300

2%

1%

1%

100

1% Mar

"l%

100

31 Va

32

18%

Wa

5O0

1,900

.18%

2,000

9% May

16%

13% Mar

3

20Vi May

Jan

104 Va

11 Va May

Sep

Jan

8

4% Mar
150

Apr
Jun

35

Apr

16% Mar
6%

Sep

3% May

Sep

26

Jun

9

Feb

5 Vb

100% Mar

13% Mar

17%

Oct,

34

Jan

37%

Feb

6

Sep

6%

Aug

Sep

3% July

17%

17%

35%

35%

50

6%

6%

100

3%

300

2 3/4

7%

400

5% Mar

xl2%xl2%

1.900

9% Aug

♦

Jan

Oct
Feb

3

37 Va

10 V4

'

Jun

9%

56 Va May

Mar

46

May

6

15 % May

Feb

4%

225

51

Apr

113/4

Sep

4,000

9
•

1

17% May

14%

5

14%

Jan

Feb

-.5%

8%

8%
5 Va

-23%

3/a May

8%

2,000
0
111

i

Oct
Jan

40

Mar

;.1% Oct

400

2%

15'%

Feb

30

Jan

2%

Oct

1%
11'4

350

Feb

8%

,

12 %

Ltd

Dominion Textile Co Ltd common

Power

Duke

8% May

class B common

Test Corp common

Texas Bulphur

Duval

4 Ve

Oct

Feo

28%

Jun

Aug

14

Jun

1

11%

2U0

4 '/a

10,600

253,8

1,500

18 Va

100

11%

400

53/0

Feb

25

24 %

12

~6%

.

.12

i
0

9

7%

6%

6:,4

113/,

pPn

~734

100

7%

Oct

12%

2%

2%

2%

2,700

2 Va

Apr

3%

V.

v"

14%

10 Vb

16%

8,100

ll'/a

10%

700

~9%

Feb

71

200

J&n
Jun
Jun

16% May

Feb

9%

16

May

29

21% Mar

••

11%

May

79Va May

76

£1
•
1
•

x4

200

76

65

Mar

36

69 %

71

Jan

40

Jun

74'%

Oct

83

May

6 Va

Oct

8

Jan
Jan

100

11% July
3% Sep

14

x4

14.'%

200

12%

16%

300

6 Vb

6 Va

..

13%

13%

5%

'

..

Jun

15

"7%

1
1
•
2B
•
•

10
•

Co

Oct
Ja»

2% May

17%.

11%

•

Corp

Draper

Driver Harris Co

19

11%

16 Va

11%

.

Ap-

140

Oct

17%

3%

-

Sep

Mar

16 Va

8

4

Aug

8a4.Ju:y
12%

Aor

140

2,400

35%

Oct

30

71/4

8% Aug

6% Mar

3%

5V4 May

Sep

Jun

Jun

Aug

~3%
-

•

Jan

6%
8

4%

11 % Aug .;

Jan

600

£1

ord reg

dep rets

Dominion Bridge Co

1 % May
3% Jan

13%

Corp common

Dobeckmun Co common

Duro

BOo

8'/a

107

2,500

;%

1
10
•
BOo

Foundry

Dunlop Rubber Co Ltd—
Amer dep rets ord reg

common

Sep

2,800

U

114% May
Jun

Sep

97

Jan

70

6234 Aug
107

140

Oct
Jun

8%

Feb

6%

Oct

30

25,% Mar

,60

99%
40

12%

10c
38
—50c
B

Raynolds class B

Durham Hosiery
Cable Electric Products
& Wireless—

1,600

108

2%

1

Steel Products

Amer

Jun

25a

65 Va

25

Distillers Co Ltd—

12% May

23%

2

700

10O

Detroit Gray Iron

Diana Stores

Oct

23

%
12 %o

•ft May

-

7%' Oct
39

110%

35%

debenture

8%

Devoe &

May
Jun...

5%

A

Mfg class A common

Dennlson

Detroit

5% July

V

15%

23%

5% May

Jan

.7%

1 Va

2.80

Oil Co new com
Detroit Gasket Si Manufacturing

27% May

ll'/a

•

Bunker Hill & Sullivan
Burd Piston

5%

5%

*

Buckeye Pipe Line

10

25

10

2.50

B

20

l7/a

•

10

common

common

1%

1%

Feb

J*

14%

17%

Derby

Ltd—

dep rets ord

Bruce

8

£1

Mines Inc

Day

Jun

July

18

British

American Tobacco—
Amer dep rets ord bearer
Amer dep rets ord reg

4 Va

900

47,300

33

—2.60
B

Inc common
(Mo)

Davenport Hosiery Mills
Davidson-Brothers Inc common

1114 Mar

Feb

6%

14%

•

Class A

Feb

D

19% May

13 Va Mar

22

v

•

Feb

15%

Jan

100

3,200

7

Mfg Co

Curtis

Feb

Oct

3%

•

common

7 Va

4%

4

May

8

8%

6%

7

Va

Curtis Lighting

July

80% Aug

18%

xl7

17 V4

•
1

Bridgeport Gas Light Co
Bridgeport Oil Co
Brlllo Mfg Co common -a.

25

8%

*

Tobacco

Cuban

Jun

50

60

74

preferred

5%

July

8

9 Va May

6'/a Aug

29 %

34 ;

8
100

Atlantic Sugar common

Cuban

15

Feb
Feb

750

%

10%

4

B
•
25c

July
Jan

7%

1,300

30

40

•
10

Crystal Oil Refining common
$6 preferred

10 3% May

Sep

80"

72%

72%

25

Si Power

Aug

29%

100

Crown Drug Co common

414 May

Feb

8

8,600

partic

Jan

51

106

110%

1

Cork Internat'l "A"

Crown
<

914 May
14% Aug

*

5%%

Brazilian Traction Light
Breeze Corp common

100

1,200

15

8

14

Va

8V4

15

•

common

British-American Oil

Oct

19

1

common

Crosley Motors Inc
Crowley Mllner & Co
Crown Cent Petrol
(Md)

Apr

Jun
Jun

10%

51,800

4%

62%

10%

,

•1

Feb

/

Jun

4%
4

Jan

334
•

2,100

<

,

98 34

5
1
•

.

1% Feb
7% Mar

7%

39

7%

receipts (ord reg)„£1

dep

Petroleum

Brewing Co

Croft

Jan

334
39

Oct

38

38%

3

common

Co

Jan

•

Ridge Corp common
(H C)

OCt

13/4

1

common
1
Blrdsboro Steel Fdry & Mach Co com_»

Bohack

12%

American
Creole

May

•

common

preferred

Blumenthal (S)

17

600

2

25
—

Blckford's Inc
Blauner's

7

500

13%

12 '/a

12 ft

1

Benrus Watch Co Inc
Benson

Oct

5'/a

1

common

7% May
15 % May

5%

2,900

1

common

common

Jan

1GV4 Mar

6%

preferred

5,300

.

5%

«

5%

107

*
1
50

Cosden Petroleum common

Aug

18

Feb

15

150

1

Corp

Aircraft

18

5%

6%

-1

& Co common

Beau-Brummel

17%

__

5

63

•
-1

Reynolds common

preferred class A

$1

,7%

30

1
-•
5c

.

Inc

Jun

81

6%

7%

1
1
—*

Co

Brewing Co common
Range Co.
4
Cornucopia Gold Mines
Corroon &

shares

Steel

Barlow

6,700

ali

1
*

Paint & Varnish Co

Coro

~6%

2B

Cooper

'

de los Andes—

Barium

Blue

Feb
Jan

9

2,300

"5 ft

3/8

4 '4

Copper

preferred

Bell

64%

45

34

%

62

64

—

Locomotive—

Baldwin
Banco

Beck

Cook

6

4%

Car-Na-Var Corp

Continental Fdy & Machine

B

24

100

,-28

100
4% preferred series C—
100
Consolidated Gas Utilities
1
Consol Liquidating Corp
*
Consolidated Mining Si Smelt Ltd—_fl
Consolidated Royalty Oil
10

Apr

7%
25%

2,200

6%

37%

1956

to

41%

series B preferred

4%%

Apr

40 %

%

7

Consol G E L P Bait common

May

6%

300

5

Shoe Machinery—
ext

Vtc

714 May

Feb

4V2

10 V4 Mar

19%

_i

com

24%

900

—

as

preferred
Ayrshire Collieries Corp

33/4

2,200

7%

—

Is

6ft

8,600

5

%

25 %

_•

Machine

St Sons common

25%

5

_1

27

5 Vb

25%

II

Products

9%

V,

3834

Community Public Service—

64%

Feb

13,700

7

1

—

Mar

52

19

Feb

P/4

2%

1
warrants:—

Inc

Hotel

Commonwealth & Southern

2% Mar

2,200

57%

5V2

Corp warrants.:
Plywood Corp

Atlas

3%

Fisheries
Line

Coast

Feb

14

,3%

73A

—1

Colt's Manufacturing Co

114

6%

1,325

3 %
56 %

17

class A

8

100

16

t

2%

6

warrants

Feb

3/4

600
~

11/,,'. Apr

6%

—

.—

Aug

6

£1

•

Atlantic

Atlantic Coast

Development ordinary

Colorado Fuel & Iron

America

of

Jun

Feb "

9. ft

2%

40

20
•
•

Aluminum Products Co

10 3/8 May

3,800

Jun

14 ft May

9

1

Club

43/4

1%
66%

11% Mar '■>

-

2%

—4

8% May

7,700

Feb
31% Feb
%

334

—1

Sep

2,200

20

Mfg Co
Claude Neon Inc common

Clayton & Lambert Mfg
Clinchfield Coal Corp common

7%

10%

1

Clark

Clarostat

6% May
8% May

4%

7

7
6 %

1 '

Controller Co

Jan

1083/4 May

112

L2I50

;

Jan

4

73/4 May
73/4 May

Jan

7

"1%

—

City Auto Stamping
City & Suburban Homes

Apr

4

123/a

.

High

;

—5
10

Cities mv* iavw common—
Service

vtvlbm

Jun

19 %

Sep

2%

_•

rets reg

Laundries

Associated Tel &

13 V4

10%

7

10%

'

Low

1%

•
•

Lines

Voting trust ctfs—
Consolidated Mining—

Chief

Industries

Electric

Associated

350
400

2%

Chicago Be Southern Air

Jan
Jan
8V2 Jan
8% Sep

5
9

Sep
Feb

1,400

15%
11

x4'%
6 %

7

Ashland Oil & Refining Co
Associated

5%

101

4%

l

—10

Power

5%

2%

101%

.^100

Gas common-

preferred

Arkansas

iOG
500

10%

Common class A non-voting—

6ft

6 '/a

8%

15

15'/a

l

Apex-Elec Manufacturing Co

dep rets ord reg

Sep

8

Ltd—

Co

Arkansas Natural

300

6'/a

6 Va

a

Angostura-Wupperman

Amer

5%

5%

5%

Apr

5%

B

American Writing Paper common
Anchor Post Products

Ranga Since January 1
'

■

American Thread

Sharea

High

Low

Par

High

Low

High

Low

,

for Week

Last

Sale Price

STOCKS—

for Week

Range

Last

galea

Week's

Friday
Sales

Week's

Friday
STOCKS—

3%

Cables

American dep
Calamba

rets 5%

pfd

£1

Sugar Estate

1

Calif Cotton Mills Co

5

California Electric

1

Callite

Power

Tungsten Corp

Convertible

common

Jan

300

24%

100

1

•

Eastern Malleable Iron

Oct

Eastern States Corp

Va May

25

Aug

18

Feb

22

May
17% Aug

$7
$6

;

Corn

•

*

Feb

1

1

Feb

!

1

12% May
123/a

Oct

Canadian Industries Ltd—
7 ft

100

Marconi

1

Capital City Products
Carey Baxter & Kennedy Inc
Carman Si Co

Carnation Co

pfd

Carr-Consolidated Biscuit Co
Amer

45%

45

8%

1

3

314

*

common

Carolina Power & Light $5

Carreras

•
2.50

1393/4

1

1%

1%

IH

5,500
75

45%
9

3 3'8

600

1,000

47 Va

100

Feb

~3%

3*%

"I

4,300

145

July

23/4 July

Mar

35

834

57

Jun

Sep

10

Apr

Oct

3
47 Va

Oct

108 Va

•
1

Jun

1%

Jan

3%

Sep

Jan

6

Jan

53

110%
634

Jun

Jan

Ltd—

dep

A

ord

10

£1

Sep

Sep-

10

Amer

dep rets B ord
Carter (J W) Co common
Casco
Castle

Products

(AM)

1%

1
*

common—

& Co—

1

1%

Aug

7%

Sep
Jan-

43/3

Sep'

7%

4%

4%

400

"5 ft

"514

~5%

1,900

5%

Oct

73%

74%

90

73%

Oct

31

Jan

100

17%;

17%

17%

100

100
—-5

11%

11%

113/4

36,900

preferred—100

11%

Central Ohio Steel Products—
Central Power & Light 4% pfd
Central & South West Corp

SCentral States Elec 6%

7%

preferred—
Conv pfd opt div ser
Conv pfd opt div ser 1929

814

Co

Charis

For footnotes

see

page

4%
8%

35.




120

78

175

57

67

375

533/4

12 Vb

1
•

57

38'%

5%

5%

1%

1%

84

July

Instrument

Faircblld Engine & Airplane

Sep

21%

Jun

Metallurgical—:
Fire Association (Phila)
First York Corp common
$2 div cum preferred-

Feb

86 %

Jun

Fishman

16%

Feb

19% May

Apr

90

8%

Feb

5%
54

Jun

1134

Oct

Fa:*3teel

5c

to

143% 149

1
—10

01

Stores

dep rets ord reg
Ford Motor of Canada—

56

1614

16%

573/4

150

16%

25

3,500

2

Vb Mar

20

92

Jan

97

97

7%

73/4

Sep

400

7%

-

2.100

153/a

.

11

July

14% May

3%
8%
153/a

"

Jun
Feb

98

Feb
Feb

6%

?

Jun >
Oct

7

Feo

10

3%

3%

3%

Va

3

200

Oct

149

Feb

126

1,500

10%

10%

10%

Jan

Oct

2% July

45'A

Jun

'

53/4

8% May,
3% Jan!

Sep

'6'%

800

1%

10.400

22%

125

20 Va

Sep

30

Vj May

%

1,200

9V2

Jan

29

July

4%

10,400

3V2

Jan

15,400

9Va

22

22 Vb

22'%

1
1
•
10

10c
1

23

4%

6

3%

Feb

7%

Feb

10% July
16%- Oct-54

Apr
15% Aug
—

May

8%

Amer

Class A non-voting

Jan
'

13

Jan'

25%

Jan

70

w/Jan

18

Jan

Class B voting

Ford

Motor

Amer

Fort

of

23

4%

11%

133/g

61%

1

Apr

59

110

2%

3%

•3,100

2

35 Va

50

31

Sep

3%
22 V;

4%

600

22 Va

500

Apr

18

Apr

5% Maiy

V3% Aug

'

23

May

163/4

Jan

18 Va

900

1

Oct

Va

3% Mav
38 Va

14 Va Mar

22

Apr

61

Jan

35 Va

1

•
•

46

61 %

3 VB

<

5% May *

15%

Sep
V.Jan

35 Vb

£1

France—

dep rets bearer
Brewing Co„

Pitt

:

13 Va

Ford Motor Co Ltd—

14% May
5% Apr

57%'

130

7

6 3%

7

Co^-

(M H)

21

1,275

163/a

38 Va

1

1

Ltd
Eureka Pipe Line common
Corp

21% May

1714

14% May ?

Feb

Sep

16%

Feb

Feb

Aug

Sep

300

49,900

15%

14'%

8%

91/4

1V4

July

814

1.900

Feb

50

37 V4

5

7%

13%

•(

Aug

63%

125

10

1,900

825

13 Vb

13%

63 Va

14

10% July

6,400

700

4%

700

12%

12 Va

1%

,

■

.

38%

325

-,

81 Va May
'

1%

Eureka

f

-May f

88

Feb

1

j

Jan

4ft May

Feb

65'/a

133%

12

4%
,

76 Va

67

1%

11%

4

17%

450

78

14 "a

10%

11%

12

10
8
10

Corp common.
Cnerry-Burrell
common
Chesebrough Mfg common
Chicago Rivet & Mach

825

•
•

10c

8%

10%

2.50

Charaberlin Co of America

113%
78

Apr

2% Mar

15'%

7%

11%

100
100
10
1

common.

8%
73

58

300

May

Jan -

8234

100

Century Electric Co common
Cessna Aircraft

1

54

~3 Va

3 Vb

Bond St Share common

Falrchild Camera &

preferred—

83

Mar

38% May

Central Maine Power Co—

3.50%

65 % Mar

Jan

~4%

10

Catalin Corp of America—:

Sep

4%

2s 6d

76

525

—

Option

Esquire Inc

rets

'

»

|

400

78%

Electric Power St Light $7

Equity Corp common
$S convertible preferred

May

2,600

82 Va

75

B
2d pfd A—*
warrants
Electrographic Corp common
1
Electromaster Inc
1
Empire District Electric 5ft pfd
100
Empire Millwork Corp
1
Emsco Derrick & Equipment
8
Electric

preferred

Canadian

pfd shares of beneficial lnt
Easy Washing Machine class B
$5

7

88% July

Feb

5%

804

78 %

Sugar

Associatesshares of beneficial lnt

3%

: 434

82 %

*
101
100
28
•

preferred series A
preferred series B

Eastern

Canadian Industrial Alcohol—
Class A voting
Class B non-voting

prior preferred
preferred

6ft

Feb

Feb

1234

33/s

Oas h Fuel Assn common

4%%

Apr

1614 Apr
xl4% Mar

20

20

•

East

434 May
20

20

3%

•

20
Ltd

preferred

2% Mar
18

•
common

preference

Canadian Canners

200

B

Canada Cement Co Ltd

8%%

2%

1

Camden Fire Insurance
Canada Bread Co Ltd

1.800

8

7%

Jan

35*

Aug

%

Sep

2

Jan

7%

Feb

10 Va

Sep

THE

Number 4745

168

Volume

COMMERCIAL«&,,FINANCIAL

NEW
.

Last

STOCKS—

"New

York

Curb

Exchange

LOW

Par

1,100

10%

7%

200

6%

8

250

Vb

1,300

9

9%

9

25

Mar

8% Mar

New

York

Curb

32

Jun

12%

..

-

Jan

Kalser-Prazer Corp
Kansas Gas St Electric 1%
Kawneer
Co

Kidde
common

2

6% preferred
Gellman Mfg Co common

13%

•

15%;

Alloys Co
General Builders Supply
5%

conv

~7%

200

"7%

com

preferred

2 VA

2VB

200

3%

1

3% May

5%

Jun

22%

27%

Jun

1

7%

7%

300

6%

6%

6%

1,700

7 %
6

•

600

38%

_i

~4%

50c

4%

preferred

27

"4% "4%

:/■

1,000

4%

1,600

7

4%

Jan

2%

Feb

V

8%

100

Apr

110

Mar

117

Jan

Jun

110%

Feb

2% Mar

5%

Sep

550

113% 113%

_4%

"4%;
■'If'

,

'

Gladding McBean & Co.
Gleaner Harvester Corp
Glen Alden Coal

1

"4%

-20

11

20

x9

50

16

Jan

23%

11

Feb

12

Jan

2P

'31%'

•

Inc

13%

Oct

17

Mar

7%

350

6%

Aug

11%

400

9

Jan

6%
11%

11

23%

■■7 32%

31

Anr

21%

1,500

Feb

<35

Co

Apr

107

Sep

45%

Feb

60

Jun

130

60

48%

37%

Jan

48%

Sep

12% Mar

19'/a

19%

18%

19%

800

3%

3 Va

3%

1,400

3

15%

14%

15%

1.100

13

Ltd

1 Va

1V8

lin,«

1,900

12 %

12%

12'%

100

11

Sep

13

13

100

13

Mar

1

7%

1

-

20%
7%

—

7%

13 '

Sep

17% May
11% Feb

14 Va

14%

14%

10

10

10%

1,400

8% July

8%

2,400

6 Va

.<

35 Vi

Jun

Olase

Company

B

183/4

Jan

600

12

Oct

21%

Jan

Leonard

400

12% Aug

.15%

Jun

Le

B

•

100

2%

V*25% Aug

Sep

3%

Jan

40%

41'

I'm

40

Sep

£50%

Jan

27%

27%

27%

100

22 V4

Feb

"•

14.50 prior preferred
Goldfleld Consolidated Mines,,

84
11

1

Mfg.

•

"U

%
54

54

30

•

10

pfd_..23

'

63

14

Grand Rapids Varnish

62

Va'

13%

63

150

400

May

Sep
Sep

57% May
9% Jan

50

Mar

12 Ya

-

18% Jan
10 Ya July

'

1

Gray Mfg Co

7%

5

8%

7%-<

100

6Va Mar

8 Vb

-

8%

600

7

Mar

Tea—

Non-voting common stock
7 %
1st preferred-..,

•

116

«

-7

114*5

116

138

138

60

37

■:

39

650

25

'

.

700

.

pfd
Gypsum Lime St Alabastlne,.

91'"*

"133

Feb

120

Jun

Apr

140

Mar

36% Mar

25c

common

$4.40

.14% May

;

100

Paper

Jan

65

Feb

8k."

100

97%: "••V 97%

99%

44%

Oct

Jan

9%

k-i

24

•

—

—

10% May

Aug

28

25

24

Feb

23%

19%

Aug

25

Jun

300

22

23%

—-

Jun

IV2

150

25%

22

"

■

—I

9%

500

8

25

7'-

Jan

18%

Feb

28

May

Feb

7

May

6

~

Jan

Lefcourt

Realty

common

1

OU Development

—99

""%

%

1

15%

14%

1

23%

9

14%

Tourneau

(RG)

Inc

Lionel

Corp common
Llpton (Thos J) Inc 6% preferred-

Lit

Brothers

2,200

19%
14 Va

15%

6,200

Loblaw

"2

8%

8%

Oct

Aug

15%

July

30

8%

200

Jan

Sep

11

May

7%

Oct

22%

•

Chain

Apr

26

Aug

22

Feb

24%

Jun

100

20

Feb

26%

23%

7,51)0

18

Feb

24 Va May

9%

500

— —

s

25

24 %

25

19

23 Va

22%

1

Long Island Lighting Co—
Common ctfs of dep
1% preferred A ctfs of dep
6% preferred B ctfs of dep

23%

11

•

Groceterias class A

Lone Star GaS*Co. (Teias)

May

25

«...

•

Class B
Locke Steel

Jan

25

Sep

15 Va Mar

1,400

Jan

1%

Apr

A
13

'

31

*

common

3,100

15%
23%

10

Apr

9

"H

9%

9%

%
-

:

%

%

67%

73

625

64%

3,225

20 Va

20%

6,400

15

Oct

73

Apr

66

Sep

Feb

23%

Jun

44

20-%

Jan

Mar

49

61 %

July

l

% Mar

13,400

73

64%

-

Jan

10

7V» Mar

'

Louisiana Land St ExplorationLouisiana Power Si Light $6 pfd

...1

•

-

——

Jan

112

Apr

110

■

Sep

May

97%

410

7%

'

•

—

Longines-Wittnauer Watch Co

7

7

14 •.

Mar
;

x53

8

•

200

Jan

91

July

v

5,700

'
••

_•

conv

28% Jan

5 ft

W''

50

Gorham Inc class A_*
Gorham Mfg common

8%

Oct

3,200

2Va

8%

1

Lanston Monotype Machine
La Salle Extension University

13%

2%

Jan

Jun

1

13%

;•

Jun

9Ya May
17 Va

1

23%

41

Apr

13

—

a

12%

1
———•

Mar

24%

Feb

400

Jan

liT.
14

16

Apr

6%

— -

—I
_

'

7

Jun

20%

Sep
li1. July

a

19

Co

Oct

4% May

Sep

1

common

Stores

Laclede-Chrlsty

13

"

Jan

9Va

12% May

99%
58

48

Lakey Foundry St Machine
Lamson Corp of Delaware
Lagendorf United Bakeries el A

24%.

v,

Jun

70

60

48%

Line Material Co
common

Godchaux Sugars class A-

Utilities

100

1

Lake G M Co

(D Emil)

13

_fl

Grocery Stores Products

13%

.100

Petroleum

12%'

Glenmore Distilleries class
B___—k-1

Great Atlantic St Pacific

13%

Jan

15%

125%

1

Kruegsr Brewing Co

Jun

100

'#1-7.7

11

<

1,100

25

1l50

Graham-Paige Motors 5%

Va May

Feb

Aug

Jun

Sep
Feb

X105 %

113%

1

Co

(Adolf) Inc

n

8 Va

Mar

4%

_•

Giant Yellowknlfe Gold Mines
Gilbert (A C) common

Northern

Feb

11% Mai

—1

Kobacker

Jan

Apr
39
July
10S% Apr

200

21,100

8

.199

Products

Klrkland

15

.100

pfd B

Seeley Corp

Klrby

10 7

Lake Shore Mines Ltd
_•

preferred

States

King

9% May

95 *

*

Georgia Power $6 preferred

Gulf

4 Ya%
preferred
Kings County Lighting 7%
5% preferred D

Kingston

10%
15

122%

—1

(IB) Rubber
Knott Corp common

9

High

Corp—

! 8

Oct
Jan

98

37 Va

38%;

Phoenix Corp
General Plywood Corp common
General Public Service $6

General

Oreat

Oct

Sep

.

7%

100

Goodman

Oct

Low

15

•

St Co

Kleinert

10

pfd

Class

Apr

1 % Mar

1

V>c-

£17

General Fireproofing common
General Outdoor Adv 6%

Gobel

10%

Range Since January l

10%

•

III

(Walter)

Klein

dep rets ord reg
,
;
General Finance Corp common...
5 ft preferred series A

Globe-Union

92% July

6% Mar

800

22%

22%

—

17% July

Feb

325

4

25

Amer

Gilchrist

Jun

Sep

3%

2%

3%

General Electric Co Ltd—

13

15%

15 %

2,100

•

_1

.

Corp

Feb

9

2,000

15%

84

l

General

14

13%
.15%

100

j.

Shares

High

109

pfd

Inc

Kimberly-Clark

Garrett Corp

Low

K

Key Co common

Gatineau Power Co common

fer Week

ef Prices

Par

Kennedy's

<

Range

•ale Price

19
Jan
8% July
.

Week's

Last

Exchange

High

Sep

27 Va

^

Sep

26%

26%.'

—50

(Geo A)

Low

High
11%

l

Puller

Friday

Range Sine# January 1

11 Va

11%

»2

STOCKS—

Shares

7%

,1.25

EXCHANGE

RANGE FOR WEEK ENDED OCTOBER

for Week

Range
of Pricer

Sale Price

CURB

(1717)

Sales

Week'*

Friday

YORK

CHRONICLE

105

Lynch Corp

3

15

14-%

15

400

7%

8

500

12%

14

600

18%

Jun

9

Oct

14 VB

Aug

Apr

•

M
Macklntosh-Hemphlll

H
Hall

Lamp

Hamilton

Co

;

Bridge Co Ltd

Hammermill

6%

•

Paper

Hartford

Electric Light

25

Hartford

Rayon common
Brewing Co

Harvard

1

Class

':'

I

preferred

w

•

w

(R)

Co

Hubbell

Oil

Common

2% May

7% May

9%

200

13%

800

04'«

Aug

16%

Jan

8

Mar

10

Feb

11% May
14% July

Sep
Sep

12

Apr

11%

Jan

Feb

11 %

May

250

9

8%

:..

95%

10%
10%

8%

50

600

a

95%

10

9y«
.91

-I-

,

.

70

43%

Aug

98%

68

r95

Jun

74

0%

•

—"If"'""

48%

100

Oct

Apr

Jun

48

7%

85%

Jan

Jan

8%

9

7% July

9%

3%
31 V

4

900

3

Mar

♦% May

31,

150

24

Feb

18

43

31%

100

17%

25

43-

7

143

•

3,200

1

18

43

■

30

143

32%

Oct

20%

Apr

44%

39j/4 Aug
139

20

Oct
Jan

148

Sep

Jan

31%

250

30 Va

Sep

35%

Jan

106% 106%

106%

20

105 Va

Jan

110%

Jun

*

Inc common

5

21%

22%

•

,5

79

'

78

41%

•

Va

22 Va

700

41%

80

2.800

3

3

3

%

200

41%

50

'

warrants.,

■

common

6

■*

,

1

1st conv preferred

6

3%

3%

25

3%

600

19% May
x65

24%

Feb

2%

Jun

Jun

88

4% May

Sep

41 Ya Mar

44

Jan

4

Apr

7%

Jun

3%

Sep

7%

Jan

1

24

24

24

50

24

5

Hydro-Electric Securities
Hygrade Food Products

10

21%

18%

22

1,600

16

Oct

42%

Feb

25

V,

„

Jan
May
Jan

Stores

Marconi

Marlon

Power

Harris

McAleer

Corp

McKee

Mead

Menasco

A

Illinois

Zinc

Co

common

Imperial Chemical
Amer

dep

rets

*

Imperial Oil (Canada) coupon
Registered
Imperial Tobacco of Canada.,.
Imperial Tobacco of Great Britain
St Ireland

t

Feb

13,000

11% Mar

17%

Oct

•

17%

16*%

17%

1,500

11% Mar

17%

Oct

5

11 7

11%

12%

2,400

9%-Jan

•

90 ::

90%
109%

8%

300

'

92-

220

103% 109%

12

,12

8

<12% July

Oct

88

July

1,450

92%
11 %

13%
96

Feb

20C

12

Petroleum

50

57%

12

Oct

109%
15

Jan
Mar

Oct
Feb

12%

600

8,200

12%

12%

400

11%

,

■'

1% '

12%

1,000

1

1

% ■'

59

Oct

CM

24

Apr

u

.Tun

9% Mar

13%

Jun

17

Jan

11%

Oct

41 Mar

.-r

7,300

9% Mar

12 Va

11%
1%

1%

400

16%

16%

17%

500

-1

5 Va

4%

5 Va

600

%

%

...1

Sep

9 Va Mar

300

_»

Royalty-

Mar

X22%

v/'

12 Va

_«

~5

51

'

12%
10

B___

55%

__

•

shares

International Products

55%

200

7

7

200

6%

Feb

8

May

1%

1,300

1 Va Mar

2

Jan

35

35%

700

22% Mar

42

July

38 %

39

100

37Va Mar

44 Va

1%

1%

•

39-

10%

10%

10%

300

9 Va

17%

16 %

17%

3,000

15%

Sep

2Va

2

2%

4,300

5%

6%

24,800

12% Mar

25%

Jan

3% Mar

Jan

1

Apr

30% Aug

July
Feb

29

«...

Ya

3%
3%

2.50

9

6%
9

800

100

111

7%

Feb

5%

60

8%

Feb

1%

1%

1,400

1% Mar

7

7%

1,700

7

Oct

8

7%

8

6%

Sep

10

t c__l

32 %

8%

8

v

12%

Jun
Jun

2% May
9% Jan

1%

7%

700

Jun '

10% May

7% Mar

*
10

1

Jun
July

6 Va May

Feb
Jan

43

6%

10%

Feb
Feb

108
6

1

.

8

32%

800

8%

6,600

Apr

12%

85,700

Feb

32 Va

Oct

5%

Feb

8%

Apr

7%

Feb

12%

Oct

10% July

32 Ya

13%

Jan

19

*

10

Co

Midwest Piping & Supply common
Refineries

1
50c

common

& Light

Power

200

23

Oct

28

21%

950

19%

Feb

40%

3%

3%

100

3%

Aug

5

22%

21%

22%

2,800

Feb

24

~3%

"3%

~3%

600

50
*

8%

600

Service

8%

8

33

33

9%

33

25

'

Feb

2

Mar

7

Jan

30%

Jan

Apr

Apr
May

Apr
22% July
5

Jun

9% May
38

10%

May

27

•

9%
27

4,000
550

Sep

5

Mar

96

9%

5% pfd__100

common

18

13%

•

convertible preferred

Public

24%

19%

21

50c

Mid-West

Co

24%

•

common

Abrasive
Oil

11%

•

dividend shares

non-cum

Monongahela Power
4.40%

Mar

104

Jan

23% Mar

27

Jan

cum

pfd

class A
Montgomery Ward & Co class A
Moody Investors partic pfd
Morris Plan Corp of America

1%
16

12%

Feb

Sep

4%

Jan

Ya Mar

Mountain

States

com

Producers
States

Mt

Tel

Muter

Co

&

5.200

6% Mar

3%

2,400

2%

•
10c

Co

,

2%

50

Jun

92

Oct

96 Va

Jun

Aug

103 Va

Jun

2%

Feb

2%

200

167%

180

36

36%

75

x4%

2,400

15%

15%

1,700

32%

33%

300

104% 105%

130

97% Mar

36

4%

4%

15%
33%
105%

5
*
2.50

3% May

Aug

178%

Jun

33%

Oct

40 Va

Jun

3%

Feb

12%

Feb

26%

Jan

162

23

Sep

29

28%

29

300

25

July

10%

10%

10%

200

11%

11%

200

10% Aug
10% Oct

10

10

10

300

13%

13%

10

50c

common

92

8%

4% May
17%

Apr

33% Aug
115

July

27

Aug

33% May
13 Va Jan
14 Va May

Sep

11% Aug

Sep

15%

Jun

20Va May
7% Apr

1%

8%

167

•

Tel

Ring common

2%

N

2V4 May
,

8% Mar

Feb

96%

92

100

common

common

Company

1
•

10

Power

Vernon-Woodberry Mills—

vritskogee

8%

3 %

*100

series B

Murray Ohio Mfg

7%

3 %

100

Loan Society

Muskegon Piston

8%

Co—

pfd

cum

4.80%

2Va May
7

1
1

Corp

Monogram Pictures common

Mountain

•

shs_

7

1

Corp

Mountain

coupon

International Safety Razor

Corp

Ex-distribution

Monroe

8%

Oct

6% May

Corp—

Molybdenum
17%

8

May

20%

Sep

15

Midland Oil Corp $1 conv pfd
Midland Steel Products—

Midwest

13

Feb

3%

25o

c

Middle West

Co

8%

13% Mar

100

Jan

8%

Hydro-Electric—

International Metal Industries A

Investors

16%

Oct

16%

10

Preferred $3.50 series

Registered

Sep

3%

17%

Indianapolis Pwr St Light A% pfd—100

International

9V2

•

£1

±

Insurance Co of North America
International Cigar Machinery

International

450

10%

600

1,700

4

5%

Middle States Petroleum class A

Minnesota
10

10

10%
20%

1

Micromatic Hone

$2

Apr

4

100

Co

Bumper

Mid-West

3%

1

Michigan Steel Tube
Michigan Sugar Co .common
6% preferred

Midvale

Sep

Feb

2%

Scott Corp—

St

preferred,

v

■

1

Mining Corp of Canada

£1

;

10%
20

•

Participating preferred,:

Class B

Jun

39%

*

Metal Textile Corp common

Missouri

Industries—

registered.

B

Co

Iron

Michigan

27

May

4

Warrants

4%%

I

'■777 —v

10%

1

Co

Chapman

6%%
Mesabl

Jun

Apr

34
7-

*

Co class

St

Mfg

Merritt

16%

10

Dredging

Johnson

—

20%

•

&

17% Mar

Feb

•

1

common

(A G)

—

•

common

preferred

McWilliams

Sep

21
—

10

common

convertible preferred
McClanahan Oil Co common
$2.50

Feb

12

fl

5%

McCord

5%
11

Marine

Shovel

Mfg Co

—

13 Va

•

•

Communication Co Ltd

Massey

—

1

common

International

Miller Wohl
t

Service

Manischewitz (The B) Co
Mapes Consolidated Mfg Co

Apr

Sep

4

18

St

stock

Feb
Oct

6%
12

700

10!

•

Refining
Mfg Co
Hussman Refrigerator $2.25
pfd___
Huyler's

Feb

Sep

10%

•

common

St

Lock

1%

5%

9

+

(Harvey)

Humble

Hurd

400

"300

2,600

•

preferred

Jan

4% July

9%

1

Horn St Hardart Baking Co
Horn St Hardart common...

b%

Aug

56%

Sep

13%

i!;ii

I

&

471

9

10

Inc

Mar

13

Hollinger Consolidated G M

(Geo A)

Oct

9 Va

1

Holly Stores Inc
Holophane Co common
Hormel

8%

2% Mar

100

& Co class A__

Horder's

May

Feb

13 Va
■

100

w

Henry Holt A Co common...
Hoe

6%

Sep

-7* 9%

1

5

,_2

w

49%

1,8C0

2

9%
"12

"

•

preferred

3u

~

25c

common

Heller Co common
4 %

'

5%

110

3

5%

V-ii'iV

5%

100

2

12%

A

6 % %

51%

2%

3

,'_i

Hearn Dept Stores common
Hecla Mining Co

Rubinstein

51%

51%

H axel tine

Helena

.77': 400

41

l

Hathaway Bakeries Inc
Corp

8%

41

l

Hat Corp of America B
non-vot com

6%

608

7%

8%

10

# i'<&"

;

0

6

Co

Public

Mangel

'

7-7'7

Co

Maine

Apr

Nachman
Namm's

Corp

Inc

10

Bellas

National

Breweries

7%

Hess

common

common

Fuel

11

5

5VB

300

4% Mar

1

l3%

3%

3%

6,500

2% Mar

•

37

37

37%

650

11 VB

11

11%

4,600

•

Gas

Jan

6% May
4% July

29% Mar

37%

Oct

Feb

37%

Jun

Sep

12 Va

Jan

33 Va

25

preferred

National

100

1

common

National

5

xll

National Mallinson Fabrics
1

Jefferson Lake Sulphur Co
Jim Brown Stores common

1

Preference
Julian

A

Kokenge

For footnotes

1

.MuZ'stL*
Co
see

page 35.




•

1

1.2%

Feb

16 Va July

National
Jeannette Glass Co common

1

12

Oct

16

2

12% Aug

Mfg &

Stores common

4%
6
—

5%

-

4%

Oct

9%

6%

.400

4%

Feb

5%

100

4%

Feb

8% Aug
9% Jun

National Radiator Co

5%

-

1,100

6%

%

4%

5%

400

4%

Sep

6V2

Jun

National Steel Car Ltd

•

21%

50

20VA

Apr

Jan

National

1

5

•

'■*

21 %

Jan

National Pressure Cooker
National Rubber
Transit

common

Machinery
common

12%

12%

12%

700

10

17%

May
Feb

7% Mar

4

"9%

9

~9%

500

4%

800

10% May

8%

Sep

11%

Feb

Mar

22 Vb

Jun

15

4%

4%

3%

Feb

4% May

33

o4

EXCHANGE

CURB

YORK

NEW

RANGE FOR WEEK ENDED

Week'*

Friday
Last

STOCKS—
York

New

Neptune Meter common
Nestle Le Mur Co class A

Mexico

New

Park

New

Process

Apr

17% Aug

Feb

4'/a

Feb

700
370

Oct

7%

82 v2 Mar

96

May

2V2

Oct

6

Jan

8

Oct

2%

20
25

8 %

8%

08%

08 %

69 %

1,800

Jan

7 Vo

0%

7%

2,700

6

Feb

10% May

1%

1%

1,100

1%

Feb-

Regal

3

2%

8

3,600
1,200

■

59%

Shoe

Reis

Rice

Stix

N

Auction

Y

N

Co

Y

•

common

Co

Rosario

N

Y

Y

Shipbuilding

Niagara Hudson

10

Feb

32

Sep

Jan

15

May
Feb

19

Power

8%

1

common

19

19

8%

7%

1st preferred

100

100 %

100%

101%

350

2d

100

100

100

100 %

220

preferred

19

Feb

7

35,800

5%

Feb

Rolls

•

%

3,800

%

8%

Jan

10%

4,700

10%

fl

9%

22

19%

1

_1

22
1

3,400

8%

3,400

8

8 "

Feb

6%

44

600
500

33

1%

2

1%

8%

Mar

!
CO

2%

06s"

Oct

4

Oct
Jun

May

Sep
Jan

2'/a

9,600

90

50

Oil Co Ltd

97%

Northern States

Power (Minn) wd

97

47%

48%

44%

St

Sep

Ohio

Power

4%%

Oklahoma

class

8%

9%

44,000

8%

Oct

12%

8,300

7

Feb

13 % May

19

19%

400

16

Apr

22 %

preferred

Natural

100

Gas

650

103

103

104

220

39

1,200

13

38%

36%

_l

•

9Ve

8%

2
48

Jun

101% Aug

109%

Jan

FeB

39%

Jun

30%

Poindexter

Oliver

Omar

United

Distillery

Filters

class B

Inc

•

1

22

22%

Securities

1

•x.

9-;

9%

Oct

Jun

14%
17%

5%%
Pacif

1st

6%

25

Aug

Feb

13

May

Light 5%

Pacific

preferred

Public Service

$1.30

1st

Pantapec

(CA)

(CA)

Oil

Paramount
Parker

pfd

t

v

30%

30%

100

29

Mar

110

101

Feb

91

sh

3%

11%

11%

4%
121%

11

IIIIIIZIIs

23%

23%

24

1

20%

19

20%

Ltd

wd

Corp

Radio

3%

3%

3%

19%
31

Oct

17%

Leather

common

common

Peninsular
$1

Telephone

cumulative

common

preferred

Corp

Penn-Dixie
Penn

Cement

Gas &

Elec

Penn

Power

Penn

Traffic

1

common

&

warrants

class

A

4%
•

common

Light 4%%

pfd

113
4

Aug

Pepperell

Mfg

Silex Co

July

Co

Publications—
$3 convertible preferred

f

-

Simplicity Pattern

common

Johnson

Ltd

£%"
*•"-

•.

Oct

Oct

May

Smith

5%

Manufacturing

Solar

Soontonc

Aug

Corp
Manufacturing common

8%

7%
'

-t,

.•

••

Jan

Southwest

Jun

Southern

108%

Jun

Oct

Feb

Pittsburgh Bess & Lake Erie
Pittsburgh & Lake Erie

2

Oct

6% May

,hS.

,54%, Jan
"5%* Jan

2 7.

original preferred

5%

cum

preferred—

conv

preference

4.88%
'

'•'4.56%
;

'4.48%

Jan

11%

Jun

Spencer

9%

2%

Feb

29%

Jun

2

11% May

2} I Mar

Aug

l'lOO

2

Feb

140n

2%

xll

Feb

4

Mar

12

12

13%

Jan

37% July

12

Valley wine Co_.lI

41

Feb

75%

73

75%

700

58%

Feb

75%

5

21%

18

21 %

9,900

8%

Jan

21

Pneumatic

Scale

1

common

Power

&

—

' W_I '

V

-,

•

common

2.50

"5%

"5%

3,100

11

5%
11

11%

1500

1st preferred

100

.

B

.

4.32 %

•

cum

Shoe Corp

Standard

3%

97%

97%

20

&

Lambert

Prentice-Hall
Pressed

•

oq

^

_I

7%

of

America

1

II

ii7„

of

Metals

Producers

Co

Nevada

l

2

1%

Inc

Corp

common

J2.50

Prosperity Co class B

•

97"

•

Providence Gas
Public

Service

4%%

prior

Oct

July
Jan

Power

preferred
&

$7

Products

Apr

Pyrene

100

93%

Feb

37

400

97%

•

8%

Apr

Stein

5

common

(A)

May

3

Jun

9

Mar

.11

May

Sterling

Oct

Stetson

10%

Jun

Manufacturing

{Sterling

Inc

Stop & Shop

30

July
Aug

Sunbeam

14

Jan

92%

Oct *

99%

s25

90

Jan

99

25%

26%

300

25%

Oct

135/3

137,3

75

11% July

8%

Sep

Feb

Co common

Sun Ray

Corp

(Hugo)

Jun

375

96%

6%

Engine Co

(J B)

Stinnes

10

& Co common

Aluminum Products
Sterling Brewers Inc.

16

95

__

34

2,600

10%

Feb

21%

Oct

1 % Mar

3%

Jun

16% Aug
1% Sep

19%

Jun

2%

Jan

Oct

24%

400
100

6,800

18

Jun

27%

3

85

Jun

87%

Jun

5%

Feb

100

Jun

1V2 May

% Mar

200

Jan

4

May

1%

1,100

Jun

Feb
Feb

74

300

Jan

4% May

1% Mar

13%

2,800

75% Mar

10% Mar

Oct

15%

3 '

2%

1,400

21%
16 %

2,400

1,100

60

62

—

__

13%

13%

—

—

55 %

—

18%

5%

Inc

:

& Co common

(S)

July

76

Sep

Jun

Apr

108 %

22 Va May

Apr

12% Mar

17Va

Jan

11%

300

Apr

14 Vb

Jun

Oct

11%

Jan

•V 37%

Aug

5

1,000

5%

5%

Oct

17

Jan

104

May

21%

12% Feb

__

„

4

Feb
Feb

16

500

15% May

Feb

13

60

jfi'S

•
1
100

237

£1

—

--

__

35

—

7%

—.

8% May

6% Mar

800

8
240

May

3%

11%

1%
—
•

—

42

18

10%
1%

3%
9%
4
40

May

3

July

4

Jan

Sep

94

Oct

Apr

29% Aug
14% Mar

225
I

700

3%

11%
3%

8%

Feb

11,800

1%

Oct

3%

3,600

3%

Oct

9%
4
42

600

7%

Feb

300

3%

Feb

2,500

33%

Jan

47

Jun

18

Oct

31%

Feb

4,000

19%

18

270

25%

14":.

250

Mar

88

237

100

140
60

27%
28%
27%

38
27%
28 v
27%

39%
27%
28%
27%

—

25
25
25
25
25
1
5
*

—

5

July

4

% May

10% May
6% July

1,000

26

1,800

27%

1,000

25

3%

40

3%

—

—

; %
11%

25
3%

10 %
28%
2%
—

120
—■•■■■

3%
—

3%

,

25

Corp.

Drug common

Superior Portland Cement, Inc
Superior Tool & Die Co
Finch Oil Corp

Swan

"

Jan

29%

25% Feb
10 Va July

Jan
Feb

48%

Jun

4%

Jan

36

400

—

7% May

Feb
%

400

1

*

?

3% "Oct

500

41
3%

1 % May

Oct

Aug

13

500

8 '/8 Feb
19% Mar

26%

Sep

1,300

2'% Mar

3%

Jun

19%

1,000

12%
26

2%

10%
28'A
2%

3%

9%

Feb

11% May

25%

Feb

30

1%

Jan

120
120
7%
7%
3%
4

30

<

6% Aug

8% May

3% Aug

5%

3% May

—

—

15%
3
—

Apr

2%

300

2%

Oct

1,70(1

3V'8

Sep

100

52%

Feb

150

22

Feb

27 Va

Jun

300

15% Mar

23 Vb

July

—

137/8
37

Oct

800

1,200

3%

—

1

May
2% May
120

Feb

102

2%

19%

6%
14%

3

1 Vb Mar

700

Aug

3%

--

'

Feb

800
20,600

19%
—

.

3,000

10%
28%
2%
2%

2%

71
26

—

1

5
1
•
*
25o
•
1
16

'

17% Mar

1

1
1
1
•

■'

22% May

Apr

*■; 29% July

Sep
Mar

5

--

28%

May

4%
—

41V4 May

35% Jan

—}

—

*
•

Sterling

Feb

96%

25%

Oct
Feb

—

2%

1

Corp

Corp

(The)

Stroock

com

Jan

3%

2

27

150

—

20%
15%

1

Jan

93%

•

4% May

Feb

3

200

Aug

1,000

3%
3%
%
15%

—

1

9%

•

j

Apr

Oct

44% May

Feb

6%

8%
%

3'/a

83

2%

Standard Tube class B

1%

Arn

974

Jun

2% Mar

__

3
2%
%
15

21%
16%

Starrett

7nn

10

3%

17,100

—

1

Co

Standard-Thomson

May
14% May

2 4nn

2

Jan

1% Mar

5,800

25%

80

—

*

preferred

Standard

Light—

Puget Sound Pulp & Timber
Co

8

12%

600

18
4

—

—

■■■'_-■
3%
3%

*

B

class

Jun

13

Jan

87

i=n

loa

..

preferred

Pyle-National

10

Colorado—

cumulative

Puget Sound
$5

of

~~

%

™ t/<

23%

Sep

7%

50

18
3%

4

10
Standard Dredging Corp common
1
$1.60 convertible preferred—...—20
Standard Forgings Corp
1
Standard Oil (Ky)
10
Standard Power & Light com
1

Steel Co of Canada
Pratt

Sep

900

1%

23 %

25 %

preferred

Convertible

6%

Jan
Mar

9% Mar

II

Oct

21

4,000

30%
21%
2
17%

1%

8

800

2%
3%
2%

2
29%
19%
2
17%

18

•
2.78

Co

Brewing

18 %

Sep

11

•

common

4% Mar
13%

—-1250

Alexander

Corp of Canada

6%

'

10

Co-Powdrell

'

2%,
3%

9% Aug

1,300

8%
21%
8%
2

Jan

July

Common

Pleasant

preference

conv

Jan

22

3 700

8
21%
7%
1%

Edison—

Btahl-Meyer Inc

°00

Jan

—

10

Line

Pipe

Pa

California

preferred
Southern Pipe Line
Southland Royalty Co_

70

Feb

50

common-,

common

6.%' Feb

RRri~50

2%

2

Oil

*

>v»

..Mar:'

1

-

25 y2

Apr

6%

2%

1
1
12.50

Standard Cap & Seal common

2 J.

l

Metallurgical

6%
4%

3% Mar

1500
* 1 '

:

25

1

common

Pittsburgh

Sep
Apr

8%

son

Apr

11%

3%

1
1
1

Co

Penn

48

15,500

h

7%

Sep

4% Mar

•

(Howard) Paper Mills

Solar Aircraft Co

Jun

Coast Corp common

3%

1,750

Jan

6%

800

Sep

II

shares

Pioneer Gold Mines Ltd

Piper Aircraft Corp
Pltney-Bowes Inc

4%
934

•

Amer

common

Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec Co—
3.00% preferred
Singer

July

South

9% Mar

4%
'•

^

Governor

700

59 &

55%

•

•

"

Pierce

59

50o

common

common

Phillips Packing Co

Plnchin

3;%1

2.50

iTiI? & Rubber

common

South

39

1,050

3%

1,200

5%

Stmmons-Boardman

Jun

99%

325

42%.

600

7%

5

1%

*
*

26% May
8% Oct

4%

il%

>3-i|

20

Perfect Circle Corp

Philadelphia

42%

6

7

1%

Sick's

3%

400

Jz"*

__

1

Co

3

5%

—

•

of America class A__
Breweries Ltd

2

'320

47/3

Jun

8

Shoe Corp

49

Oct

5% Mar

22 800

99% 101% %

101

2.50

—L*

(The)

43.3

2%

__

100

Co

Penn Water & Power Co

Pep Boys

ay,

Oct

11%

•

Canada

23%

II
-II
"si/,
sy,

'

25

24 Va

B

Sheller Mfg Co

42% Mar

•

common

preferred

Jan
Jan

—*
1
25
100

Shawinigan Water & Power

Soss

Pennroad

14%

5%

,

Shattuck Denn Mining

Jun

24% May

Feb
Feb

3

2,400

3,375

5%

1
1
1
1
•

Control

Safety

Seton

14% Aug

Sep

80

a

4%

Mar

22

200

1,300

•

34

Sep

10 Va

65,600

1

25%

Feb

2%

180,00o

Apr

24%

25

Inc

B)

(R

Sentry

17%* Sep

Mar

23%
4%

Corp

97

Jan

*

23

Apr

32% July *

106%

12% Mar

__

•

C

Co

Co

36

__

•
_

Parkersburg Rig & Reel
Patchogue Plymouth Mills
Patican

Jun

102 »/8 103'%

__

100

com

Amer

Motors

Pen

32%

common..II.IIIII*

Paee-Hersey Tubes
Oil

Feb

2,400

30%

•

preferred

Pancoastal

6%

33%

33%

25

$5

Power &

Pacific

400

33%

8

25

preferred

Lighting

c

8%

10% May

9
1st pfd

11%

23 Va

•
1

prior stock
certificates

Sentinel

4%

Pacific Gas & Elec

Sep

10

Allotment
Semler

Sherwin-Williams of
common

Sep

42% July

24%

5

Shoe Co..
Industries Inc common
stock

Sherwin-Williams

Pacific Can Co

5%

Jan

6%

*

Jan

Jan

7%

1,900

Feb

3% Aug
17

Sep

15

800

i

July

14% July

50

23 Va

■

8%

I; 9

5,100
■■

14 %

14%

O'okiep Copper Co Ltd Amer shares
Overseas

5
13

9 Va

•

9%

100

1,300
1,100

I

common

Serrlck Corp class B

Old

Jun

5%
8'/a

Segal Lock <fc Hardware

Seeman

Oct

Jan

33

13%

800

10%
41 •%

Jan

Feb

1%

4.700

Apr

—

$5.50
2

37%

7%

1

Co

Convertible

43

Mar

8 Vb

Corp General
Bros Inc

Securities

Oct

11%

1%

23

30
21%

Oct

9%

41

50

5%

*

9%

19%

41%

Mar

29

~9%

1
25c
1
1
25

common

48%

Feb

12%

•

common

93

8

Inc

Steel

*

_50o
B

July

—

Manufacturing

1

common

Co

86

7

(Del)
Sayre & Fisher Brick Co.
Schulte
(D A)
Inc common
Oil

Savoy

O
Corp

Brass

2% May

1% Jan

60

41

1

Corp

United

Samson

Selby

Ogden

4,500

47/a May

Oct

90

10%

1

Selected

Ohio

2 Va

41%

common—1
49

(new)

pfd

conv

Bcullin

•

Nurchrop Aircraft Inc
Novadel-Agene Corp

2%

27/a

1,100

May -

32

24% Mar

300

3 '/a

29

1

Corp Ltd new

Lawrence

1st

Jan

103

Feb

34%

6,600

Jun

1.25

Salt Dome Oil Co

Scovill
Northern Indiana Pub Serv 5% pfd_100
Northern States Power (Del) class A-25

Jan

26%

Oct

21% May
3% Mar

Mar

15

~3%

48

1%

400

common

Ryerson & Haynes common

48%■ Jun

33 Yb Mar

43%

3%

Feb

1% May

Feb

42%
42

Q

Airlines.

22

Vg Mar

44

May

Sep

18 %

11% July
12% May

9% Mar
12

900

12

I

43%

•

Class B common-

1

Jun

1,600

Jan

1%

"675

90

10
1
*

Steel Co

Corp

Aeronautical Co
Consolidated Petroleum

Ryan

10%

-

28

5

Russeks Fifth Ave common

Ryan

]'(!

27

5%

37/a Mar

800

.

21%

2ya

£1
5

Corp common
Inc

(The)

Royalite

Jan

1%

20

High

Low
100

V 4

3%

100
*

common

Jun
Jun

10%

pfd F

Field

Electric

Rotary

117

''

II.':

28

1

v t c

dep rets for ord reg

Roosevelt

105

'

Range Since January l

High

4

1%

1%

1

Pendleton Inc

&

Low

' 'I''

V 1

—

Valley Gas Co—

Cable

Rome

Apr

I;
5

Shares

Royce Ltd—

Amer

Feb ~s

92
192 %

10%

—

May

10%

14%

300

Goods

Radiator

(Texas Corp)

Rowe
1

Engineering—

&

Rochester Gas & Elec 4%

July

10%

Mar

27

200

30%

5%

Northeast

88

Feb

12 Vo

30

Jun

Corp—

shares

Founders

2%

9
30

10

Merchandise.

N

75

*

common

Honduras

&

1

Co

for Week

1
1
5
*

Co

&

Dry

Grande

Roeser

Mining

Range
of Prices

Par

&

Electric

Richmond
Rio

Co

(Robert)

Reliance

12% July
72% July

1

Arizona Land

&

7%
86 V'a

13%

Jan

13%

700

6%
84 %

Jun

1

Co

convertible preferred

4%%

17

16%

7%
86

100

New Jersey Zinc
New

17

*

England Tel & Tel
New Haven Clock & Watch
New

3%

2% Mar

4,000

Sales

Last

Exchange

Curb

Ml:' V'

High

Low

2%

Week's

Friday
Sale Price

STOCKS—
York

New

Range Since January 1

High

2%

-

Sales

Shares

8%

5
5

Corp

(Herman)

2%

30o

National Union Radio
Nelson

Low

Par

'.

J

OCTOBER 22

for Week

Range
of Prices

8al»Pric«

Exchange

Curb

Monday, October 25, 1948

CHRONICLE

& FINANCIAL

COMMERCIAL

THE

(1718)

72

.

1%
5
13%

26%
20%

5

12

Jan
Jan

7% May

*

'

12%

Oct

40Q

%

Oct

'

15 %

i

Jun

V% Apr
15 %, Jiyi
201^ (Jau

>13%

Sep

700

13%

Oct

2,350

27%

Jan

37.

Oct

5%

Oct

7

Jan

100

—

15%
2%

8%

2Va

75

11
14
14
13% 14 >
35% 37
—

Oct

Feb

Aug
%

600

9,400

Jan

Oct

7

--

1%
6%
14%

6%
72

>i

,

,500

13% Mar

17% May

7qo

16
3
12%

2% Mar

3%, Jun

10

425

Feb

14%.Apr
1

•n

Quaker
6%

Oats

common

•

.

preferred

100

Quebec Power Co

93

93

141%

141

93%

450

143

170

Mar

79

140% Aug

•

Mar

12

x96

Taggart

Corp

R

Railway & Utility Investment A
Rath Packing Co common
Raymond Concrete Pile
$3

convertible

vtuvtheon

common

10

xl9

1%

11,800

19%

1%

800

L

14% Mar

___?

Feb

27%

100

27

34

100

30% Mar

54

54

50

Sep

,

.

,

20%

7%

9,200

5%

,5%
22%

>.4,000.

5%

Oct

22

,

*500.

,

.

19% Mar

Thor

Shovel

Co

new

7%

pfd—

common

Tllo

Roofing Inc

Tishman

Realty

&

Construction

Tivoli Brewing Co

Jun

55

Mar

Tobacco

.Tun

Tobacco Security Trust Co

034
.,

5%

Oct

26% July

Amer
Amer

&

Allied

see

page 35.




31.%., Jan

Jan

l6.J.;May

29 %

12%

13

1,500

119

10

5

17%

119

dep rets ord regis

regis

1
1
1

118% July

17%

200

17%

Sep

19%

600

16

Feb

21

^Jan

12

11%

12

400

11%

Oct

15

May

15%

15 %

15%

7

7

SI

"

11% Mar

900

5%

200

.

•

Feb

;

'

49 % Mar
V

Ltd—

£1
Bs

.MB

17%
19

•

Stocks

dep rets def

Oct

11%

11%

28%

13

.

%
-j-7

For footnotes

Feb

28

11%

29%

5

Corporation common

37

Feb

5%

Thew

Power & Light

12.,. .May

10%

700

11%

•
*
100

Jun

1% May
31
Jan

Jun

52

6%

7%

U

27%

34

•
*

3% May

Feb

%

•

;

common—

Bit Co

1%

19%.

Reading Tube Corp clgss A-,—^6,25
Kvca. Roller

Texas

1

preferred

Manufacturing

1%

-

100

1

common

Tampa Electric Co common
Technicolor Inc common

Aadlo-Keith-Orpheum option warrants.
Railway & Light Securities—
Voting common
10

1:

Jun

152
July
15% Aug

%Hf500
W

,■*.

,«

> ; 4'tf P;

.V

Oot- >$'••*?
—r—r—1,1

....

4,

5% Aug.;

18% May
7% Apr
57
Oct

"

.

t-fy'

7% Aug
1% Jan

Volume

THE' COMMERCIAL &

Number 4745

168

NEW

YORK
RANGE

STOCKS—
New

York

Curb

Week's

Friday

■,

,

Last

Exchange
Par

Todd

Shipyard Corp common—
Royalty Corp
Toledo Edison 4%% pfd
Tonopah Mining of Nevada
Trans Lux Corp

20
70o

Trunz

warrants

BONDS

100

2%

200

92%

92%

New

July

5

Jun

Elmira

Jun

Ercole

99%

Gas

&

Water

Fuel

Lt

Marelll

Elec

91

Oct

1%

1 %

1,200

1

Mar

1% May

A

4%

1,800

4'A Aug

6%

A6%s ex Nov 1

3%

3%

8,100

1%

4% May

Feb

Apr
May

5s

5%

5'A

5%

100

4%

Sep

9

Jan

Grand

Trunk Western

9%

9%

9%

200

9'A Mar

12

Jan

Green

Mountain

25

28

July

J-J

1956

u-s

...

...

series

6s

—

U-8

1950

Ry 4s

Power

3%s

J-J

___196S

Union

Gas

Union

of

1%

Corp

Canada

3%

Investment Co

7%

300

4

2%

Jun

6%

Apr

5% Mar

1.000

7 %

*

3%

Aug

8%

6

3%

5

Sep

3%

lOo

6% July

Apr

A6%s

89%

Products

United

Chemicals

United

Corp

United

Elastic

Jan

Milk

3%

Si

A6%s
A 7s

3%

1,800

United Profit

10%

Railways

&

19,900

ft Feb
30

Sep

$48
'

19%

20 %

1,500

16

Feb

20% July

22%

23%

17%

10,400

Feb

23%

Oct

15

23%

Aug

30

Jan

24

U

S

103 %'

U S

56%
38%

Rubber

59%

1941

1

1941

Corp

250

Isarco

F

$58

I

100%

103%

100% 100%

1

100%

102%

1976

M-N

8

103%

106%

J-D

33

30%

33

4

17%

33

31

28%

31

19

17

31

F-A

33

30

33

19

17%

33

31

31

31

3

16%

31

30

30

3

17%

30

29'A

30

2

17%

30

66%

68%

42

55%

75

20

28%

1941

1957
1952

J-J

•

.

1952

coupon)

2

Jan

Hydro-Electric

J-J

1966

J-D

Kansas Power Si

1969

J-J

Corp deb 4'As

Midland

Valley

Extended

,

;.

1956

--

•

F-A
A-O

1967

-Zm*'

•

to

.

England Power 3'As

N

&

Oct

Feb

2,000

1%

Feb

125

70%

Feb

1,700

6%

Oct

400

July

Milwaukee Gas & Light

Y

Ohio

Westchester

Power

3%

16

__

17%

17%

1963

24

$12

—

17%

$103

T —

4'As

a-a

Ltg

mtge

1961

102

--

new

—2004

A-O

5 % May
86

Lexington 1st mtge 3s
1964
Pennsylvania Water & Power 3%s_1964

May

3'As

1970

8%

Sep

1%

1%

100

1%

Apr

3

Jan

A6'As

with Oct

2%

2%

3,600

2%

Sep

3% May

A6'As

ex

Piedmont

Hydro-Electric
Oct

1

1

4

41%

40%

10

41%

400

Sep

37%

45

July
May

21%

150

19% Mar

22

25

200

23 % Aug

29

2%

2%

•

common

22

24%

10

2%

21%

1

7%

2%

1,200

22

7

5

J

Petroleum

Venezuela Syndicate Inc
Vogt Manufacturing

200

Jan

3%

5

Am; 1

—

'

Sep

19% Mar

22% May

7%

73

1

7%

20c

75

7%

3%

900

7%

2,000

10

Jan

Sep

67

5,100

3'/a

3%

Oct

6%

60

>

98

Jan

10% Jun

5% Feb
2% Mar

•

12 y«

5%

Jun

15% May

July

Waco Aircraft Co

101

91%

J-J
J-D

91'A

trust

11

__

.

3%

Baking Co warrants,

'

Feb

July

iioy4

Feb

2%

coupon^.1960

•23

1960

200

8% Mar

3%

800

2%

5%

3,750

1%

'

9%

1%

100

'

Apr

Jf-B

t113

.1.25

Manufacturing

8%

Texas Utilities $6 preferred
Western Maryland Ry 1% 1st pfd IIIOO
Western Tablet & Stationery com
•

Westmoreland Coal

6%

Oct

Apr

7% July

Ftb

101

101

101

1965

M-f

102%

102% 103'A

103

103

104%

104'A 104%

Inc

6s

B

mtge 3s

California

8%

100

;

Weyenberg Shoe Mfg,,

i

(The)

Wilson

5%

(R

Brothers

preferred

Winnipeg Elec

Edison

California

Southern

Counties

3s

Spalding

•/

20%

200

10%

A Jun

1,400

i

9 %

10%

10%

1

4%

5%

5%

25

w

*,..

•

Inc

15%

•

27%

II100

pfd

Ternl

2

100

/

16%

200

99%

9

3rd

16%

113

A 78

£1

Corp—

;

6%

Feb

11

8

Sep

11%

10

Feb

Feb

14

Jan

17

103% 103"%

4

100%

M-N

102

102

2

96%

104

A-O

121

121

2

114%

121

A-O

65

66%

2

16

.A'.
18%

5

16

30%

18%

18%

2

18%

30

1946
1946

(Hugo) Industries—
2nd stamped

J-J
A-O

16

Curb

11

300

10

of N J 4s

Electric Service
Dec

1

1

13

Feb

75

1949

25

25%

4

IB

4

26

101%

39

$12
101 %

J-D

101 %

103%

Co—

1940

1951

IB

27

$23

1956

coupon

,1947 coupon™

27%

$12

Hotel—

Income debs

1984

M-J

•72

86

1964

J-O

107

106% 107

106

108

Penn

Electric

2030

A-O

107%

107% 107%

102%

108%

Penn

Traction

1960

J-D

119%

119% 119 %

117

1989

F-A

Western

5s

Newspaper

**

5s

83%

83%

120

Union—^

8s conv s f debentures

$102%% 03

68%

~

103'/*
*4'

May
Oct

Foreign Governments & Municipalities

Jan

14
•

)

Oct

22

6%

6%

100

<

6% Aug

9%

Jan

•

BONDS

'

;

—w...

2

2

•

1

2%

Week'a Range

Friday

;

1

Interest

Exchange

Interest

Laat

Perled

Bale Fries

wr

■

——

2

13,100

Mar

Friday's

Bale Price

New

York

Curb

Exchange

Bid A Asked

Bid * Asked

deb 5%s

A

1955

104%

.

geld

•

No.

Low

11

High

104% 104%

98

M-N

1964

Atlantic City Electric 3%s__.

Range Since
January 1

A-O

98

j-J

103

103

•

'

99

102%

27

96

1960

108

103%

103%

3

99%

107%

105% 105%

5

103%

106%

J-D

110

110

6s

1998

Q-F

155

2%s

1970

J-D

1948

J-J

1954

M-3

1966

M-S

ICentral States Electric Corp—
A5s (20% redeemed)
A5%s (20% redeemed)
Cities Service 5s
Jan

9

109

155

1

155

98%

99

25

90

88%

93

134

81

97

93

93

97

181

82%

104% 105

7

Debenture 5s

1958

A-O

104

103% 104

18

5s

1969

Jf-Q

106%

106'/a 106%

Debenture

3s

1977

J-J

1969

J-D

1976

J-J

1981

.A-O

'

Lt & Pwr

(Bait)

ref

mtge 2%s

lit

ref

2%s

series

ser

Q

R

debs

1962

.

(Bait

111
168

102%

85%

84%

2

85%

104

I

106

103

F-A

107%

305

78

102%

2

102% 103

102

(Peru)

City

AMedellin 7s

1952

6'As stamped_1958

—

39%

*65

.

75

—

84%
78

_

*5%

J-J
M-J

5 A

5

12%

12%

—

31

_

5

0

M-Jf

27

1947

If-*
A-O

AMortgage Bank of Chile 6s

1931

J-D

—

Mortgage Bank of Denmark 5i

1972

J-D

64

36

2008

J-J

—

Rio

(Plan A)
2%s

\

—

de

Janeiro

ARussian

1

4

to

Government

1997

2%

2012

J-D

-1919

(Plan A)

A5%S

.

1921

M-S

2%

J-J

.

*22
2.A
2%

2%

'

..

44
25
81

27

13 A

-3

«,

25

—

15%

__

15%

14%

15%

J-J

6%s

stamped

30
39%

..

28
„

reduced

».

42%
«
22
62

„„

2%s (ser ABODE)

Interest

--

24
31

jnl,

—

(Republic of)—

is to

—

64

+26%

—

--

-

—

—

*42
*42
*24
64

stamped

—

—

132

J-D

—

18
;

$24

—

1951

Peru

12

2

v

2008

!

stamped

103%

Af-N

97'A

98

•

103% 103%

11

3

97

103%

101

100%
109

1954

*111%

A-O

m%

-

115

•No
e

par value,

Odd-lot

a

transaction

principal.

1a

86
65

2*
s/k

2%

--

•>*

18
2%

„

23
2/8
2%

n

Jf-M

,™19flJ

May

;
-

—

63%

64.'

44'A

44%

3
.

35%

65

11

28%

46%

(not

Under-the-rult

$Friday's

transaction
x

(not

Ex-dividend,

bid and asked prices;
being traded flat.
IReported in receivership.

3%

no

sales

In year s range),
Ex-rights. -

Included
y

being transacted during
,

Ex-interest,
<ut.
nMrfor cash

r Transaction
,

,

current week.
"

-/•"*'
"

.
.

A
.

abova—"cod," certificates of deposit; "cone," consolidated•
^
tire; "conv," convertible; "M," mortgage; "n-v," non-voting stock;
vu,
voting trust certificates.
"w£" when issued; "w w," with warrants; "xw," without warrants.
v
•
Abbreviations

1993

delivery transaction (not included in year's range).
d
Included In year's range),
fEx-distribution,
g fa-stock

Deferred

(not included in year's range),
ABonds




31

SB
66

1947

106%

198'A 100'

■

City) —

Gen mtge 4%s

A lit mtge 4s ser B__„

2
11

„

Mortgage Bank of Bogota—
A7s (Issue of May 1927)
A7s (Issue of Oct. 1927)

88'A

Delaware Lack Si Western RR—
Lackawanna of N J Divisionlit mtge 4s ser A

33
71

'.

—

.

stamped

Maranhao stamped (Plan A)
Interest reduced to 2%s

105'A

105%

65%
62%

—

__

—

lit ref mtge 3s ser P

list

1953

Interest reduced to

Debenture

_

High

61%
61'/*

32
„

5s

Parana

'

Low

1

70

33

If-Jf

Danzig Port & Waterways—

99%

98%

No.

High

Bell Telephone of Canada—
5s series C

Bold

62%

$62

•

J-D

1955

6%s

62%

62%

J>J

5'As

AExternal

High

—

April

20-year 7s

ALima

J-J

4%s

Bend*

Range Since
January 1

Bende

m

2% May

External

Week'* Range
er Friday'*

Lait

Period

/-D

~

63

►

105'/e

Washington Water Power 3'As

102% July

Sep

1,900

1953

Gas

101

Jan

28

Jan

22

1970

Electric

conv

98

May

19

Feb

B5

10%

Associated

2%s

105 V*

F-A

99'A

7% May

3%

20%

Appalachian Elec Power 3'As

Consolidated

105%

101%

12% Mar

100

Low

El

103

2

17

Jun

4,100

Friday

Consol Gas

105'A

103

;v;:

stamped

with Dec

A 5s

.

BONDS

'

101%

1

External

Steel

80

99'A

1946
A20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s„
1948
Danish Cons Municipal Loan—

Edison

114

101%

1966

trust

Waldorf-Astoria

A

Boston

101

97%

Jan

24%

103'/*

99%

1950

Agricultural Mortgage Bank (Col)

Bethlehem

160

08

1

Low

Tei

v

Hydro-Electric Co—

United

Jan

Sep

700'

100:,A

Jan

i8%

9%

11

5s

9% preference
1
Wright Hargreaves Ltd

Assoc Tel 81

155

63

1

J-J

1970

3'As

Corp inc 5s

Unitad Electric Co

West

25%

17% Mar

20%

—1

American deposit receipts

York

34

Ltd—

-

New

106

'

•

A6%s with Aug 1 1940 coupon__105I
A6'As ex Aug 1 1947 coupon—1953

40% July

Oct

—

50

28

25%

100%

—

156

100% 100%
99'A

A-O

1989

Elec

&

5s

(Hugo)

A 7-4«

West

.•

14

—

10%

'4*

■

,

.y

•

.

155

t-

„

100'A

J-J

1970

3'As

(Calif)—
1971

Gas

(A G)

AStarrett

Apr

May

Gas

Gas

1st mtge 3s
Southwestern

29% July

Mar

20

25

"■

common

Industries

200

20%

5

common

(F W)

161

•

Woodley Petroleum,
Woolworth

14 ' ?;.?

--

mil

Wisconsin Pwr Si Lt 4'A%

Woodall

21

14

..

Inc_„

w

115%

Feb

25% Mar

21

1

Co

Si

Jan

140

40

—

33

ZZ

-

10

Corp
C)

Products

156
—

1

Co

May

112
155
*»M

10

Corp

10

6% Mar

J-J

1973

Southern

2% May

1%

20

Westmoreland Inc_i

Will son

92%

105%

103

■

115

A-O

Jan

13

2% Mar

West

Wickes

82%

103%

10
,

25

1951

Joaquin Lt Si Pow

A 7s ex

Williams

103%

$12

coupon

1952

Jan

1%

4%

■

.

1%

'

900

3

6;

5%
1

•

1%

9%

9%

1

Corp

8

106

200

'

1 %

.wAr

30

Co,

11%
■

.

...

1

Si

108

100

IB

$104% 105'A

M-ff

3% May
'11% July

■

100

preferred

Feb

1%

extl*

ctfs

Waltt Si Bond Inc

Oil

107%
104

104%

1

104% 104%

104%

J-J

106

104

26
5

Safe Harbor Water Power Corp 3s_1981

Btinnes

•

(Wm)

1

105%

101

'

67

102%

101%

105

A-O

A 7-4s

W

River

58

$102 Vb 104

—

105%

50-year 6% debs,.
1998
Queens Borough Gas Si Electrics—
6%s series A
1952

Btinnes

Wichita

103%

64%

Jan

5s- collateral

Whitman

101%

25

Co—

1940

1947

3 %s series A

Wentworth

109 »/4

106'A 106%

A-O

3s

1%

.5

common

Aircraft

107

104% 104'A

J-D

1968

Park

2%

com__10

84 convertible preferred

Ward

1

Jun

19 % May

Southern

Warner

104%

102

64%

64%

M-N

4s

3'As

1971

1st

Bcullin Steel

Watch

104%

Public Service Elec & Gas Co—

common

Wagner Baking voting
1%
preferred

15%

107 3 4 107%

"

17

2

,

—

Ban

Sugar,
Utah Power & Light

Waltham

-

RR—

at 4%

Jan

1%

7%

Light 3%s

New

11%

4%

*23

1952
1963

Jan

2,600

81%

1952

coupon

Apr

2,000

6%

68%

Altalian Superpower 8s
Kansas Electric Power 3'As

10%

13

4

1940

62%

41%

81

4%

1

1

Insurance

cum

60

Co—

1

1947 coupon

Nov

ex

Aug

Feb

2%

J-J

A7s with Nov

Jun

Sep

15%

ctfs

escrow

50o

Utah-Idaho

$2

56

-MW

104% 104'%

—

1955

—

A 7s

July

8%

'

"7%

1

com

Universal Products Co

Venezuelan

103%

100% 100 %

coupon)

Sep

38

50

♦

9%

1%

•

Reclaiming Co

Yalspar Corp

102%

J-J

coup)

52%

2,675

13%

15 VB

•

warrants

common

Universal Consolidated Oil
Universal

100%

102%

A-O

1957

(July

1st mtge

Securities

with

39

9

2

_10c
__1

new

58%

"9%

1

common

preferred

United Stores

61

1
11

103'A

A-O

Jan

5% May

Jan

:.;;'v7

58%

25

common

International

1st

38

■+.-

103

Sec—

%

100

25

Radiator

S

25%

Sep

245

25c

com

Conditioning Corp

and

$5

series

McCord
100

U S Foil Co class B

U

55

101% 101 %

u

J-D

1949

C„

(Dec

A Debenture

36 % May

10

Specialities

U S Air

—

1955

Power

(Aug

A7s

% May

350

5% May

Preferred
United

Jun

70

Va

•

Canal

Machinery

Jan

31%

%

•

Sharing

Shoe

Jan

19%

7

common

preferred

United

—

1949

series E

A 7s

5% July

38% Mar

10

-

RR

62

31

iT«r

United Molasses Co Ltd—
Amer dep rets ord regis

United NJ

Jan

31

•

Products

4%

•

common

Corp

Preferred

97%

Sep

56% Aug

50c

com

United Gas Corp common
United

88%

100

warrants

Light

350

90%

31 /

__

Interstate Power Co—

United Aircraft

United

89%

112%

24

Jan

series

A7s

•

110

Jan

A

ser

B

International

Union Oil Co of California—

$3.75 pfd series A
Union Stock Yards of Omaha

103%

1958

6s

Indianapolis Power & Lt 3'As
Corp

Chemical

High

97%

26

$12

A—

U
Realization

Zou;

3

~

$22%

1953

stamped

Hygrade Food 6s

Unexcelled

No.

99%

$112%

•

Range Since
January 1,

Sold

Co—

coupon

Guantanamo & Western

men

Bonds

High

99%

99%

1961

31

1

29

Range
Friday's

Finland Residential Mtge Bank—

•

29

•r

Bid & Asked

1940 coupon__1951

1947

com

•

Bale Price

1961

5s

Mfg

6%s with Nov 1

preferred

convertible

Laat

Period

3%s
RR

&

3%

.

75

Eastern

66

4%

--

Week's

Intern*

Exchange

Low

Sep

2%

Curb

High

Sep

57

York

4%

1

1

Inc

Tung-Sol Lamp Works
8O0

92%

EXCHANGE

Range Blnee January 1
Low

35

OCTOBER 22

Friday

57%

2%

ENDED

(1719)

Bale*

Bkaree

High

57

573/4

100

Toklan

Tri-Contlnental

Low

CURB

FOR WEEK

CHRONICLE

for Week

Range
ef Pricee

Bale Friee

FINANCIAL

used

36

THE

(1720)

COMMERCIAL &

OTHER

STOCK

RANGE FOR WEEK

CHRONICLE

FINANCIAL

'•

EXCHANGES
OCTOBER

ENDED

:>Z

Week's

Sales

Last

Range

for Week

Sale Price

of Prices

Friday

Baltimore Stock

STOCKS—

Rang©

for Week

of Prices

Low

Par

Sales

Last

Sale Price

STOCKS—

Exchange

Week's

Friday

Monday, October 25, 1940

,

Shares

Low

Arundel

1st

preferred

Realty

Guilford
Mount

900

64%

150

64 V4

Jun

66

Mar

9%

9%

100

7'%

Feb

13

July

66'%'

61

65%

Oct

80

Jan

July

115

% Mar

—1

common

preferred

17%

18
30%

New

Amsterdam

U

Fidelity

25

25

25

Jan
Mar

12

Apr

30 %

50
7

2

50

30%

13%

Oct

138

'

Sep

22 %

5

Jan

16%

Chicago Towel Co common

Jan

Convertible

Jan

5

Chicago

Jan

23

Chrysler

40% May
May

160

25

Cities

Sep

105

105

2

105
30%

30

30 J/4

333

25

Feb

30%

Corp

12%

50!/4

49

50%

298

44%

Feb

52%

Jun

Casualty

& Guaranty—

20

105

Jan

Jan

106

Co

Cumulative

Dodee

BONDS—

Edison

1975

series A

5s

49

50

$3,500

43

Jun

68

Jan

1975

4s

Co

Manufacturing

53

53

5,000

45

Jun

77

Jan

Domestic

Eddy

of

Four-Wheel

Exchange

Drive

Brewing

(Peter)

General

Candy

"

Friday

Week's

Last

Range

Sale Price

STOCKS—

Chemical

45 %

Refining—

American

Tel

Tel

American

Woolen

•

Anaconda

Copper

50

&

Motors

Gillette

Range Since January 1
Low

High
85

40%

Sep

52%

Jun

Gossard

39%

30

36%

Sep

39%

Jun

Great

151% 152%

3,400

147% Mar

158%

45%

48%

458

36% Mar

38%

726

30%

Feb

July

57

40%

Elevated

Stamped

Co

233

115

Feb

Mar

21%
127

Jun

Jun

Hihb

&

42%

1,986

36%

Feb

21%

550

18%

Sep

21%

•

22

21%

22

485

21

Oct

28

47

48

100
——100
stamped——100
8%
class B 1st pfd stamped
100
7% class C 1st pfd stamped—-,..100
10% class D 1st pfd stamped—.L-100

50 y2

preferred stamped

2%

2%.

5%

class

8%

9%

9%

9%

9 %

9

8%

11%

1st

pfd

11%

32

1,817

prior preferred

6%

Personal
&

Calumet

Cities

•

•

Feb

2%

99

51%

70

11

Aug

9Vb

990

5% Mar

10

Aug

12 %

175

7%

12%

Aug

16

16%

270

13% Mar

18

Jun

69

70

440

34

Feb

74

Sep

780

5

5%

50%

53%

preferred series A_——100
—_ 100
preferred adjustment—.100 ?•'

Jan

Gillette Safety Razor
Isle

—j.

Copper

Kennecott

—

8 Vb

Feb

64%

23

15

60%

15

74 Vb

Sep
17% Aug

310

21%

23
35

Middle

Co

26%
35

55%

185

45.21

67

41%

40%

42

34%

32%

34 %

747

3%

3%

100

3%

425

42%

49 % Mar
38.90

Feb

31% Mar

59%

13%

60

13%

13%

10

Feb

13% July

4%

Feb

17

*
Mergenthaler I inotype-../—_______—"
Corp

Racing

Nash-Kelvinator

15%

—r'.--—

50%

51%

100

8%

8%

8%

425

5

—

18%

18%

18%

25c

30c

1

Cos

Electric
System
Tel & Tel..

U

32c

6%
1%

Jan

83

Mar

10%

Apr

14 Vb

30c

Oct

85c

1,337

16 Vb

Feb

3%

300

6%

1

100

1%

%

Feb
Oct

6%
2%

Feb

Feb

16%

17 %

348

11% Mar

13%

13%

70

11%

Feb

17 %

Aluminum

Bearing

Laboratories

Co

Armour

Asbestos

Athey

Corp

37.%

185

34%

Sep

41

May

35% Mar

42

Jan

58 % May

7Vb Mar
16 3/s

Automatic
Avco

36

37

220

53%

52

54

3,701

48%

56%
38%

58

375

52%

Jun

62%

38

Sep

40 %

45%

45%

80

38%

Feb

49%

Barlow

Castings

13%

40

13%

Oct

15%

&

Tel

Co

29%

25

Feb

33'/a

29%

28%

38%

5

Hi

Mig

Bendix

Jan

1

common.*

new

Bliss

Feb

17*

17

17%

5
.

11%

11

(

Convertible
«

w

Cherry Burrell

July

Sep

8%

1,400

26 Tit

Sep

34'%

Jun

600

8%

Jan

11 %

July

23% Mar

Jan

1

18%

Biscuit

Corp

common

Corp

common

For footno^ see page 44.




40%

Feb

10%

18%

200

16% Mar

21 %

Jan

160

44%

74%

Jun

800

22% Mar

18

61

24%

25%

1

U

10%

11

5

12%

11%

12%

8,100

12 Vb

10%

12%

10,150

*

26%

0

common

14

14%

•

;

14%
26%

13

Jan

15%

Jan

12%

40

Apr

15

Feb

Feb

30

Mav

4% May

4% July

.64% May

59%

400

48% Mar

13

13

Oct

12%
22

50

4%

29% May

Feb

7% Mar

250

26%

Apr

9% Aug

59

*
1

,

Jan

Oct

7%

450

x4%

10
common

13

300

12%

Sep
Aug

17

Apr

16% Mar

com—2

12%

12%

100

12%

10

new

34%

34%

150

32% Mar

37 %

28

28 %

350

26

Mar

35

May

8%

100

8

Jun

9

Jan

20
*
•

common
common

common—

8

%

8%

24

19

19 T

20

Jan

15,

Feb

24

Oct

May

19%

350

23%

24

2%

...—1
5
25
50

19

Jun

May

9%

1,050

7% Mar

10

9

3,850

6%

Jan

10

500

19%

Oct

May
24% May

19%

700

16%

Feb

22

111
1

Hi

2,GOO

1A

Oct

50

4%

Feb

6% July

8 %

300

7

Sep

11% May

32 %

32%

150

27%

Feb

.34% May

39%

40%

800

3?

Feb

1434

15

350

10%

Feb

28%

29 %

250

2b

13

13 V2

250

11%

9

7%

9

20%

21%

19%

21%

Coke—
1

)'

110

common

&

.

capital

Co

5
8 %

—•

29%

•
•

Works

40%

1

1

common

7-.

—

26 %

25%

26
,

5

28%

2

capital

l<i

1

•

common

Clothes

10'

7"

.

Oct

42

Mav

15

Oct

Mar

15%

1,-700

May

1\\

34% July

Feb

14% July

Feb

32

Jun

%

900

6

Mar

8

150

7%

25

Jan

29

Aug

7% Mar

14

May

Jan

'

28%

9%"

28%

300

10

2% Mar

300

3 %

3

3%

Jun

150

9%

Feb

11% May

25

600

x37%

Feb

53

13%

13%

300

12%

Feb

16% May

7%

1,250

x6%

Oct

9%

Corp

Container

5

common

Corp

13%

7

1

common

Jun

Jan

.y——*

Corp common.

Mach

&

35%

36 %

200

27% Mar

36 %

5

11%

11%

600

10%

Sep

13

30%

31%

700

29%

Sep

36%

Jan

57%

57-%

100

52 %

Feb

66%

Jun

South

Sep

& Carb capital

Stores

%

450

3%

Feb

44

1,300

39

Feb

12% May

26%

Jun

158%

Jun

1,900

148

Oct

Mar

18

8%

1,500

;■

3%

7%

Oct
Feb

6% July

50

7%

8
1%

2,700

28%

200

11

Oct

1,300

68

Mar

85 Vb

Oct

28%

28%

100

25%

Feb

33 %

Jun

Mar

18% May
85
Jan

3% Aug

50

7%

Jan

14%

14%

100

13%

85

85

140

80

Jan

10

10'%

1,400

10

Feb

11%

Jau

14

10

3%
7%

*

14%

50
10

Corp

Santa Fe_

Atchison Topeko &

Steel

Bethlehem

4%, Apr

25

18% Mav

14%

350

12 % July

14%

Jan

3 V'b

3%

>s

2% Mar

200

4% May

9%

1,700

6%

Oct

14%

400

12%

Feb

16% May

37

32%

7%

14

38

700

30%

Feb

41

30%

32 %

26%

Feb

6%

1,000

28 %

Oct

Columbia

common

Pacific

Canadian

Oct

Ry

32% May

92% Mar

100

new

Co.

Products
System

Gas

Inc

(The)

•
_25
1

39%

118%

Aug

Feb

39%

6pt

18%

Jun

17%

18

280

16

Jan

18

Oct

35%

35

35%

400

30

Aug

40

Mar

15%

15%

15%

450

15%

Aug

20 %

Jan

Curtiss-Wright

•

36%

36%

36%

400

31%

Aug

36%

9%

8%

9%

1,550

8%

Oct

13% May

Farnsworth Television & Radio

13%

12 V

13%

400

15

May

General

15

15

Feb

17

Jan

Graham-Paige

ii%

ll3/

11-%

250

Apr

13%

Sep

Laclede

63

62%

63

300

1,900

30%

14%

15%

700

13%

16 %

100

14

11%

11%

700

Sep
Mar

10%

Feb

19% May
14% Jitn

%

Oct

ui

Oct

8%

9%

1,000

6%

Feb

10%

Jun

10%

10%

10%

600

4%

Jan

12% July

5% Mar

10% July

42

40%

42

900

31% Mar

42% May

13%

13%

100

■12% Aug

3%

3%

-700

14% July
5% Jan

6 Vb

500

13/64

1

1

39%

17.100

11/64

Oct

1

37%
16 %

15%

*

*

Jun

May

Jan

8

4%

Feb

com

Mining

Copper

Steel

Armco

Oct

12%
85 %

11%

1
1

Air

Lines, Inc
American Radiator & St San

May
2% May

43

40%

Stocks—

Unlisted

15

Jan

82

•

Alleghany Corp
American

*

Jan
Jan

48

85 %

*

common

43

21%
37

43

"

6 % May

9%
20

28%

common—-

capital

Mach

Yates-Amer

Oct

Inc

Bankshares

Wisconsin

High

800

3%

28

26%

400

*

prior preferred

5 V4

100,

7%

16

250

47

10

common

11%

350

8%

900

28 %

46%

Sep
Aug

19%

27%

46 %

(new)—'*

Inc

Lines

Air

Steel

Feb

19

27%

*

19 %

July

Mar

5
2

Corp

St

30%

25.

.»

Salle

La

Anaconda
8%

25

(The) common

Trane Co

S

com

Corp

Thor

208

new

stock

(The)

Co

Texas

Tool

capital

Co

Feb

250

.2%

common.—1

common

,Apr

8%

10%

Swift

Range Since January 1

151% 152 %

—5

;

Feb

39

400

GO

5

Corp—

6

20

9%

7

61

common

7% May

1,100

40%

9%

9%

10

A conv_

common

preferred
Tif 1

7

common

Lathe

Sundstrand

.

-

Rights

w

i

Continental

•

400

9% Mar
15

9%

45% Feb

66

......

% July

—

1

Motors

•

15

15

100

12% Mar

17%

Jun

New

17%

17%

100

16

18

%

Apr

North

10%

11

300

9% Mar

3%

4

750

3%

Sep

1%

1%

500

1%

Feb

Sep

3%

15 '/a

1

5

400

Gas

11%

—4
5

American

RR

i

9

6%

5
1

Motors

Light

York Central

3%

6

19

Oct

4%

Feb

18%

19

900

14% Mar

16%

17

500

12%

Feb

14% Mar

10

Co

3%

6% Mav

'

17

capital

'

100

6%

21%

Jun

18% July

16%

Jan

Jun
Jan

2% May
15% Jun

h

Pan Amer .Airways Corp
Paramount Pictures Inc

14

10%

Feb

11%

11%

4,000

,8%

Feb

11%

Oct

Pullman

Xl6%

17%

150

xl6%

Oct

25%

Jan

Pure

PfDRl-Cola

Co

4%

*4%

com__._l

-20%

20%

33%

9'%

•

Packard Motor Oar

13%

*
50c

6

Public Utility Corp

Nash-Kelvinator, Corp

.

Oent A

42

Feb

5%

9%

7

»

1

7%

1%

1

common

:

*

1,000

6%

(George

Secur

Mar

19%

40%

5

common

Corp

Cumulative

20 %

20

3

common

Brewing

111

28

100

45%

Wieboldt

Low

6%

—3

Mfg Co capital
& Luughlin Inc
common

Central

100
400

30

9%

Westinghouse Electric & Mfg com__ 12%

Shares

4

Corp

class

Carr-Consolidated

May

10%

for Week

1%

W) Corp..:———10
Borg-Warner Corp common..
5
Burd Piston Ring common
1
Burton-Dixie -Corp—
12 %
Butler Bros common
10
Borg

5

•5%

28%

*

common

General Electric Co
Binks

5%

Sep

21

20%

5'%

3

37%

37%
21

200

3%

3%

100

Jun

44%

Sunbeam

Sales

Range

1

Aviation

Co

64 Vb

25

Jun

12

_1

U

High

capital.,—100
5

Week's

of Prices

Low

0

common

Bastian-Blessing Co

Berghoff

Sep

9% Mar

20

Stone

Jun

*

capital

Corp

Seelig

50%

18%

25

common

Stewart-Warner

Jan

534

—5

.common

Belden

53

cap

Dredging common
Forglngs common
Standard Oil of Ind capital

Jan

13%

Oil

Certaln-teed
(W

Sep

53

new

common

Sep

Standard

Apr

„1

common

Washer

Co

20

39

Apr

38%

Sale Price

common

Manufacturing

Barber

28%

Sep

9%

Standard

Sep

37

J.2%

Mfg Co common

Products

Feb

18

Spiegel Inc common

May

36%

6

*

common

&

18%

850

Co common

Brand
Bend

'South

18 Va July

STOCKS—

Tel

100

18%

common

Car

Elec

Sinclair

Society

Jan

5%
13%

Par

American

22 %

18

Co

Signode Steel Strap

Oct

170

Last

Allied

22 %

Serrick Corp class B common
Shellmar Prod
Corp common

22% May

263

5%

Friday

Ball

10
1

common

common

(The)

Roebuck

Sears

Chicago Slock Exchange

Aetna

18% May

Corp

Co

Steel

United

Advanced

28

150

common

preferred
RR capital

prior

Pressed

Apr

2,30o

i.

10

Inc
Electric

Corp

50

10%

Car

Shoe

Union Carbide

Admiral

200

10%

Bancorp

Coal

Sangamo

Jun

15"%

.25

Co

System

-;

33%

1

Co

Cooker

.Illinois

Potter Co

Ma>

96

15%

6

15%

25

com

preferred

Westinghouse

34c
20

12 %

Oct

•

Machinery

Rubber

S

Waldorf

88

19%

Apr

5

Drill

8hoe

13

33 %

7%

18% May

Jun

54c

July

0

com

1

Fruit Co

6%

10%

21%

8%

621

_*

Inc__.

Securities

United

86%

20

*

:

Torrington Co

14% Mar

*

Association

United

84%
10%

Quincy Mining Co
25
Reece Foluing Machine
10
Rexall Drug Co.——2.50

Twist

38% May

Oct

1,050

Mar

Ward & Co

Pennsylvania

Jun

25c

3,295

86%

50

Webster

9%

2.50

Milling

Pennsylvania RR

Union

Sep

Feb

1,200

10%

16 % Juiy

Peoples-.Gas Light &
Rights w i

Jail

13%

7%

315

9%

54

Sep

41'% Mar

2,000

9%

20
.,.100

Hartford_.__._100

Haven'&

15%

—1

Assn.
.___

Service

Elec

Aug

13

64 %

10%

14%

Manufacturing common

Oak

Oct

Suburban

65

Feb

62%

550

Prod

Standard

Peabody

Sep

41

&

Jan

50 % Mar

64%
10%

Jan

i

Sep

71

Feb

Stone

19%

400

Cylinder Gas.:

Northwest

5%

Feb

Shawmut

19%

Oct

*

Mar

16

6%

Butte

Mar

14%

400

preferred

^Nunn- Bush

60 Vb July

28%

North

11

50

200

15%

Chemical Co

Northern

Apr

31%

New

Sep

18

Co

&

Food

American

North

39% Mav

Feb
Jan.

17

England

7

49%

Manufacturing

National

42% May

2«

2,226

110

Y

300

% May
9% Jan

15%

preferred

National Pressure

Jun

265

N

"7%

7%
11%

Hart Inc common vtc__

National

59% Julv
46.35

16

New

Sep

15%

common

Corp capital

Montgomery

Oct

70

Eng.and

13

*

Brew

Field

&

Monroe

Jan

Feb

41

New

200

Dk

&

cum

prior

$1

Jan

40%

National

14%

9%

Harvester

West

Miller

'

.—25

—

Chemical

Narragansett

97 %

14%
*.' 7%

17

common-

Mickelberry's

Apr

23%

Aug

45.15

v%

93

19

578

54%

common..—.—.100

RR

preferred

Jun

97%

14%

Lindsay Lt & Chem common

79% May

26%

1,585

33

Sep

69%

5%

Jun

97%

50

48%

Lincoln

Jun

___..100

Central

Maine

Mathieson

16

3 %

9%

McNeil & Libby common
Printing Co common

Libby

May

45.21

1
—
*
*
——15
—_•

Theatre.—

Boston

Loew's

Co

Copper

Royale

22%

83 %

20%

23

-*

Stores

Eiecujric

General

Sep

31%

192

70

83%

■

;34%;V

*

Capital Corp——,—

5%

69%

♦

Steamship Lines Inc

Employers Group Assoc.—
National

110

Apr

18

Extension Univ

Leath &

Modine

preferred series B__

First

Feb

2%

49%

Switchboard

Salle

La

Aug

.

Ry-—

Street

6%

General

82

29% Mar

*
*

Bartlett

International

Apr

10

—100

—■—•

Massachusetts

Eastern

600

11%

Pneumatic Tool com—_■*
Steel Products common
_1

Indiana

Aug

4

Sep
6 % Sep

5%

1st

>5%

Jun

100

2%

*

:

Illinois Central. RR common

Mar

Aug

5

:

6%

•

'.v.*

100

RR_

iiecnt-

Service

Eastern

16%

♦

Property Trust

Providence

&

Jan

40

36 Vb

2%

14%

Independent

Oct

Marshall
Boston

May

10%

May
49% Oct

Corp

(G)

Corp

Hupp

43 Ya May

41%
20%

7%

Boston

40

Sep

'

RR—

Maine

A

Feb

7%

600

9%

Instrument

Spencer

Kellogg
Boston

x34%

50

8%

common

H)

Dr

Harnischfeger

July

41%

Traveler Corp

Aug

36 %

*

common

common

(W

Lakes

Hammond

Railway-

__——

Boston Herald

17%

200

18%

100

Edison

Boston

18%

21

25

Boston

34

Jun

125% 127

126

100

RR

Albany

&

Boston

18%

common

Gopdyear Tire & Rubber common

41%

37%

*

Inc

Son

&

Razor

Goldblatt Bros

High

common..

Co

29% May

Mar

8%
2%

Jan

Juiv

25

5
10
1

A

Corp

Safety

Heileman
Bird

class

Apr

39

25

1%

common

Jun

7%

6% Mar

Aug

40

10

Auio

Refrigerator

38%
152%

Sugar

General
Gibson

40%

—*
—100
100

American

Sales
Shares

of Prices

Low

Par

Amer Agricultural

:

for Week

39 %

5

Inc—_

Jun

63%

23

34

5

America

65%

'2.700

26 %

32%

1
•

Feb

Feb

320

25%

10

common—-

52%

50

28

26%

39%

Oct

300

6%

6%

15%

32

1,000

28

50

(new)

class A
(The)

Fox

Boston Stock

6%

Oct

15%

600

61%
55

28

*

Corp

Corp

Mills

59%
51%

25

Credit Corp

Paper

Flour

100

_5

,

(new)

preferred

Doehler-Jarvls

Transit

Baltimore

_<■

com

common

common

61%

10

110

20

15%

15%

15 %

2%

common

Co Inc—

Co

Consumers

112 ft, 112 %

*

Products Co

(The*

66

66

*

Co Inc

(new)-

Service

Commonwealth

Oct

-50

_10o

Cab

Aluminum

Club

*

,

preferred

Yellow

Coleman

preferred

prior

19

14'/2 May

12 %

64%

Chicago Corp
Convertible

High

Mills—

Vernon-Woodberry

6.75%

250

3.10

147'/a 147%

20

common.^———1

Co

14%

3.00

100

vtc

Co

& Deposit

Fidelity

Low

9% Feb

11%

L*

Chicago Mil St* Paul & Pac vtc——0

Range Since January 1

High

14%

Eiscnbcrg Itic—%——1

Brager

S

vtc

common

Low

*
*

Corporation

Baltimore Tran.it Co
5%

v'Par

High

High

:

-

1

Range Since January

Shares

9

2%
new

v

9%

4%

2,300

9%

500

21 Vb

300

1,700

10

Feb

8%

Oct

11% May
26% Mav

9%. Sep

23%

Jan

42% July

•

Inc

5% May

4 %

18% Mar

45

Jun

Feb

42

May

-

Oil .Co

(The)

common

*

36

"36*

200

x25%

Volume

168

Number 4745

'

COMMERCIAL

THE

&

FINANCIAL

CHRONICLE

'

(1721)

37

OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDED

Week's

Friday

Sales

x-

Last

•v.;:•}W
Radio

Shares

Low

*

common

Schenley Distillers Corp
Socony Vacuum Oil Co Inc

Standard

Steel

United
Wilson

Oct

31

33%

3,000

Feb

33%

5%

26

23

600

.

Oct

A//Z/,/; A/V""'/"''/

■'

■'

Sep

32% July

New

14%

Feb

23

Jun

Detroit Stock Exchange

700

69 y4

Feb

91

Jun

Feb

81%

14%

3%

300

11%

25 %

400

IbVa Mar

13%

13%,

15

24

25 Vr

13%

3,200

9%

Feb

3%

1,800

2%

Feb

Ford

12

-

400

12

15% May
29

Jun
A

Week's

Detroit Stock

Range

•

.

for Week

American

Laundrv

Balcrank

Sale Price

.

AA

; ' Par

Mach—_

20

—

_

Cincinnati

Gas

4%

&

Elec

preferred

*<

-

American
Bower

Jan

800

19

Feb

26%

Jun

38%

100

34 Va

Jan

38%

Oct

*
*

33

36%

Jun

18

Feb

26 V\

Jun

100

29

Feb

16%

168

12%

Feb

60%

100

53%

Feb

21%

21%

21%

979

21

Chrysler

11

33

60%

Burroughs Adding Machine com

135

60%

—10

Apr

16%

2!/2

19

Corp common
Consolidated
Paper

223

5

Oct

5

Mar

6 % May

411

f.A

*'eo

jun

Davidson

Jun

94 y2

94%

May

Continental

1

—

Cleveland

&

5%

5%

512

5

May

Jan

Detroit

76 y2

78

77

73

Mar

81

Jan

Detroit Gray

12 '

1*

12

25

10%

Apr

13

Jan

Detroit-Michigan

10

37

6%

Apr

10%

Jun

Detroit Steel Corp

Union

Cincinnati

——

Stock Yard—_

•_«

Crooley Motors

10

9%

•

•

;

5%

10

Jan

93

102%
8%

,10

.

Formica

Insulation

Hatfield

Part

Kroger

.<

■—

preferred

Proctor

&

Randall

—*

Gamble—'
B

American

*

—

J

-V-

—

•

i

Service

Feb

71%

Jan

G.erity-Michigan

Jan

Jan

Goebel

44

46

440

Jan

49'/a

Apr

Graham

48

53

45%

Sep

50

Jan

Hoskins

32

50

27

Jan

37 Vb

Oct

IO'/b May

6 y2

40

8

Paige common
Manufacturing

Electric

Az/Av

6 y«

6 Va

10

29%

29 T'r

489

151% 152%

32

6 Vb

25%

Feb

King-Seeley
Kingston Products

32■Vb May

Jun

Jan

Kresge Co (S S) common

10

55 Ve

51

55 V«

55

32%

Feb

65%

28%

28%

jun

.»

;
,

•

3%

*

40%

32%

Feb

13,131

A

Oct

101

2 Vb

Feb

30

4'/a

Feb

12 %

Feb

15/64

28

Brands

:

50

21

I.

.25
,*

Electric

Brass

50% Mar

,

64% Jun
46% May
18 Vb

4%

63

19%

.—6.4

13

V-

*

r

Feb

Jun

River Raisin Paper
Scotten-Dillon

Sep

Products

Cliffs

5% May

Tube

class

Feb

22 Vb May

9%

Sep

23%

Feb

41% May

72

7%

Feb

15

Jan

Udylite

14%

Feb

23

Jun

U

29

Jun

Eaton

Jun

Wayne

9

22

Sep

79%

66

69%

Feb

48 Vr

77

45 Vt

Feb

85%

125

29

26ye

Range
of Prices

:,v

'

—

Low

:

3 Va

3%

(Un)^._l

com

.

A

,

_

a

--'v}

Feb

33

v

(Unl-

Bronze
Gas

1

_

(Un)

—

(Un)
(Un)

Rubber

common-

Jones

'

'

4'A%

■

i

class

McKee

(A

-A-..*-'':

V

July

45%

Jan

28-,

Oct

33

Jun

12%

Feb

18

Oct

4,158

B

•

...

__

81%

Apr

j

42%

Oct

f

111%

Jun

1

JanA

28

20

26%

Oct

34%

41 Vr

Aug

51

Jan

32%

Feb

49%

Oct

»'

47%

Feb?

Oct

j

49 V«

25

A

24

50

49-

75

^8 a41%

60

A/48%

48'A

'

Feb'

25

Acme

_

Feb

53

RR(Un)_

class

_

_

-

43
65

38% Mar

49

Oct

14%

14%

155

17

50

12

Aug

14%

20

Mar

2b

42%

195

40% Mar

48

107

104

13%

Oct-

104

16

101%

Feb

16

200

11%

Feb

16

15%
39

39

425

13

12%

13

860

33%

33%

39

10

r

:

39

Feb

15 V*

(Un)

(Un)______
•

•

common

Van

Iron

White

preferred--

Ohio

U S Steel

Dorn

ft

common

100

24%

Jan

33%

Feb

35
42
A

Sep ["
f

Oil

For footnotes

/.

page 44.




<

—

12%

Feb

17

2%

625

2% Feb

4%

108

4%

Feb

25 Vb

968

25 Va

Oct

4Vb

—10

a

6%

Jan

Jan

Foods

Kern

f

Jan

34%

Jun

Lincoln

Feb

43

Jun'i

32

Jan

36

23% May
16% Feb

27

27

22 Vb

13% al3»/8

A 10

7%

Feb

15

Corp

»

350

6%

1,380

11%

225

-L.

Inc

3

3

3

6%

7

;■

Lane-Wells

X'L.

Mascot

Jan

Oil

Menasco

Jun

Mt

Diablo

Oil

Mng

40

40

Oct

National City Lines

Apr

Nordon

Feb

Northrop

35

Jun

Occidental

-

;

Feb

50

17%

Week's

Feb

15%

100

Apr

•

14% Mar

1%

42

-

Apr

2%

Sep

Jan

Sep
Jan

Sales

Range

for Week

of Prices
Low

,

Shares

LOW

4%

200

4

24%

383

75c

300

52 %c

16.%c

6,146

13%
6%
8%

1.020

16c

16c

High

21 Va

70c

—

4%

24%

__

—

or

Range Since January 1

High

~

•

al3%
6%

al3%
__

8

a

7%

'/a Sep
Feb

Jun

38% Jun
77%c Jan

Feb

10%

8

11%

30

Feb

16%

Oct

28%
._

20

7%

1,375

Aug

iX% Jan

Feb

18

10% Mar

•

Mar

8

15'A July
6% Feb

1,140

11
11 %
a39% a39%
2QV2
28%

—

Jan

Feb

38%

Jun

Mar

V*i%

Jan

28

30
200

13%

170

4

200

20% May
5 Va Apr

Feb
Mar

728

54 Vb

Feb

65'A

Jun

445

5%

Sep

6%

Sep

920

12% Mar

22%

16

20%

22'A

840

Feb

22'A

Oct

6%
40

7%

1,505

5%

Apr

7%

Oct

40%

450

29 %

Feb

10

,

v

Oct

49

Aug
12% Jan

10

385
105

50 V2

90

21%

Jan

30 Va

210

12%

Apr

14%

15

a59% a60%
a24%
a25
12% 12%
15
15

1,000

11

Feb

15

Oct

80c.

80c87%c

2,700

60c

Feb

95c

Jan

a6%

60

ny4 Mar

11%

Jun

a25

a6%

9% May
Feb

61

Mar

Jun
Jan

8%

100

8

Sep

10

100

10

Jan

15%

Jun

63%

13%
64%

702

51

Mar

64 Vb

Jun

48%

48%

260

39

Mar

120

130

563

92

Feb

8%(

—

13%

,—

64%
—

130

z

48%

4%

5
17%

14%

14%

14%

385

10

10

10%

1,495

1.30
10%
45%

1.55

800

1.30
10%

45%

_10c

-

1.25
10%
43%

1,775

,

A

500

May

Oct

14 %

Jan

Oct

22%

Sep

10
97 %c

Jan

5% Aug

15% Mar
12

July

Jun

18% Mar
"17%
1.70

Feb

Jun
Jun

1.500

8%

Feb

18

Jan

1,027

43%

Oct

51

Apr

20 %

Jan

30

Apr

29'A

30

633

1.20

1.35

3,267

21%

1 35

1

131

10% Aug

396

11

11

11

16%

^

Co

22

410

1.10 Mar

1.60 July

14%

Jan

24% Jun

Aircraft

:

/v
__

1

7%

I

Ltd

Petroleum

;

Carp

CO—u

12c

1

1
1

6%
■

—1

1.00

__

2%

1

Inc.—i.

Inc__.

Pacific Finance Corp common
Pacific Gas & Elec common

19% May

1

A„

1.00

A

90c

300

2

2%
1.00

Jan

1.30 Apr

4,722

1.40

1.40

900

7%

7%

12c

'13c

11%

12

3% Mar

1% Jan
95c
Feb
1.05 Mar
6% Mar

2,035

1.00

100

1.55 July
1.80 July
9
1

Corporation

Oceanic Oil

May
24% May
87% July

Oct

65%

7%

7%
40 %

10
1
5

12

Mar

200

12

Oct

40

200

33Vhc

84% -Oct :

67% Mar

al8% al8V8

150

1%

1%

_6.662/3

& Dev Co

47

15%

Oct

22%

1

32%

Feb

a85% a86%
.V.-,

Oct '

6%

4%

Co.

Petroleum

98%

7

9%

100

17%

Co

;

Feb

96

2,605

7%

7%

1

Manufacturing Co___

Oct

1,126

Jan
Jun

7%

Aug

May

93

11

3%
23%

Fob

10 Vb

10

—

1

41

8%

Sep

5%

*

Corp

25

a81% a84%
11

2%

17% Mar

200

22%

*

com

Co

Aircraft

846

24%

3% May

Oct

19%

10

Co

Petroleum

612

141

Oct
Jun

22 Va

1

Corp

Corp
Land

44

27%

Jan

16%

2'A

400

7

Jan

87/a
11%

Feb

12

1,500

21%

21%

21%

'

Feb

6

—2

common

93

27%

8%

Jan

A

—,

5

32%

22%

A

Co

42%

O

3%July"
6% Sep

3%

11%

3%
;

■

6Va
4

3%. Oct

6V2

3%

1

Corp

common

class A

Petroleum

Lockheed

25

300

Jan

61%
6%

1

(The)

Car

County

Feb

100
-

4%-

33%
■

1
•

Independent Exploration Co

33

Jun

Co

Motor

26%

48

class

93

--

-V

,

Jun

5% May

20

Development Co

27%

8

36

19%

4% Mar

Stores

Oil

77

....

25%

19%

32

—

Jan

3%

•-*

A

Radio

&

Motors

134

-

42

a3l%

A

15%
4%

...

class

Corporation

Hunts

18% July j

43%

.

see

Sep

15%
4%

common

Corp

Ltd

Co

Kaiser-Frazer

50

a

36

*

Youngstown Steel Door'(Un

13

25%

—ai'■ "A

Equipment Co com—5

1

16%

al6%

•

m

100

0

Iron

&

Products

Intercoast

29

25%

100

Motor

13%

59%

Liquidating Corp

1

Sep

:

__

Youngstown Sheet & Tube

29% May

.

—

Holly

July

22%

a35 Vb a36

•

(Un)

Works

Jan

4%

Hilton Hotels Corp

I

50

a31

%,»•{

•

^(chman Brns

Sparks Withington

25%

7%

Goodyear Tire & Rubber Co common—•

!■•

Oct

Jun

a26% a26%

;"*v

50

Jan

2

1'A July

21%

4%

—4

Hancock

400

*

•.

2Vb May

,;lVa Aug

210

2%

■/

;
\

Jun

5%

42

Corp of America

or

?

Jan

13%

..

10

General

16% May

29% Mar

~

155

40 %
1

5

5
*

2,550

37%

Feb

27

61%

,1

Merchants

biandard Oil

<

4% May
IVa May

1% Mar

33%

200

1%

1 Va

a60%

Hudson

40%
//•'

1%

1%

1

Garret

I

_r

Republic Steel

r

25%

27

10 V8

1

Engineering Corp

Fitzsimmons
•)•

;

8

(Un)

125

661

1

Corp

Farnsworth'-Tele

>

Jan

»

RR

1%
37%

"l%

*
50c

Exeter

Jan

•

Sargent.

Multiplier

Emsco Derrick &

Feb

79

B_.

Packer Corp

Radio

Oct

100

1%

2.50

Corp

Co

Corp

Creameries of America—

Jan

12%
23%

ft

Pennsylvania

3'/a

3'/a

3 Va

37%

37'/a:

Douglas Aircraft Co Inc..
Dresser Industries, Inc.

Jun

42

_

common

Products

Aircraft

Consolidated

May

50% Mar

100

31% Mai-

22%

«

(Un).

Chica

Preferred

Jun

12%

..'■Si

..

Corp
Oil Corp———

Consolidated

Aug

43

219

62% a'63%

68%

20%

-

14%

1

Patterson

Jun

700

33 %c
2
1
•
*
20

Appliances Inc

Colorado Fuel

)

170

Clary

Apr

104

_

National

Edison

19

2%

20c

Co

Home

Chrysler

Feb

a

Oil

Certain-tecd

Sep

•

Oil

Feb

2%

1

Diamond

Cessna

34%

.

22%

__10

4

Brass

12%

2%

1

Consolidated

Bolsa

73 Va

*

Portland Cement

Ohio

200

1,000

10

Broadway Dept Store—
California Packing Corp com
Central Investment Corp

Blue

Get

105 Va

•

(Un)_

Basin

Company

common

1

Jun

5%

10

a
■"

5

Metropolitan Paving Brick^.....

Ohio

18

Sale Price

]

158%

Mar

113

18

a 40

t:

_________

Medusa

Ohio

Jan

18

Electrical

<■

Steel

.5%
37

48%

*

.

Central

Jun

15

Oct

16

C

Angeles Slock Exchange

26% May

Feb

147% Mar
'

Petroleum
Bros

Bendix

•

Y

22 "A

Feb

1

;!

405

-4

'

N

Jun

Feb

8%

16%

e

:

Products

Screw

Jun

190

a68 % a68 %

'' ^

:■

—

Lamson & Sessions—

20%

86

j

3% July
4% May

24%

298

ft

_i

preferred

(Un).

G)

8'A

6%

■

'

Feb

78%

50

A)

40

28%

'48%

:J

a

_

A

common

Iron

1,250
100

1

'

„

class

Cooperage

Lahghltn

&

.

•

Stores

Preferred

Interlakc

6V2

510

1

common

Barnhart-Morrow

a43% a44

a44
''

10

_

16%

500

•5%
40

a28

15

25

(Un)

common

Goodyear Tire &

100

24 A

Rubber

3
Jun
'2% Mar

400

a 24%

High

40% a42 Vb

a

—

&

Motors: common

(M

,

17%

_1

Corporation

Radiator

s

Bandini

107% 107 Vb

15

General

Hannah

;

Jun

Jun

Range Since January 1

330

78

a41,/2;

(I

.

Electric

Bros

Jan

15%

Mar

10%

Last

Low

3%

28%

___

common

Brothers

5%

Sep

4

63/8

Friday

Shares

3%

16%

78 %

•

com

—

151%al52%

18

100

General

Drug

Sep

13 %

,

17%

Par

21%.

40

1

..

'

Halle

Oct

3%

420

15%

STOCKS—

High

3%
3%

a24%

.100

Manufacturing —il——i_ —4

Greif

6Va

100

16%

5

i.

Brewing

Barker

20%

1

0

common

Illumin

Faultless' Rubber'

Gray

600

10%

1

common

Timken-Detroit Axle
Tivoli

'

25

Natural

Tire

!

.54% May
-85% Oct

67% Mar

68

& Die

Superior Tool

Jan

Exchange

5%

preferred.

Firestone

Jan

3%

for Week

21

I—

Cleveland Graphite

fi

8%

l

Oct

Sep

4%

6 Va

1

common

Walker & Co class A

92%

B

Sales

A— 1

preferred

Chemical

Jan

9% May
19 Va

*

78%
82%

Standard

16%

Week's

/V

(Un) J.

Iron

Cleveland Electric

Dow

Feb

Aug

13%

1

Manufacturing

25%

24 Vb

23%

4 Vb Mar

47T'b

..

Friday

50c

Home'

Consolidated

5%.

5%
17
'

4%

Feb

3

Jun

•6Va

5
10

80

19%

28%

Body _'—:

City Ice & Fuel—

4% ji

Oct

37/a

10%

2

Davis

66

13%

.

»

Chesapeake & Ohio..

$4.50

May

3%

10

—;

"

126

10

19%

Refractories——

Cleveland

13% July

13%

*

Peninsular Metal ^Products common—1
Rickel (H W) common—
2

12%

Sale Price

•'

/ •

:

(U111.—
&

Tel & Tel

American

6 VB

42%

34% Mar

Mar-

32

Last

Mfg

Corp
Coach

American

Basic

2,860

*■'

9

36 y8

85%

12.50

J—3.

Par

American

5'A

5

5 Va

Parke

35

.9%

79%-

'

Alleghany

100

31% May

150

19 %

•

23r,«

*

:

*4 STOCKS—
Akron

2,380

*

16%

38

——.y

W'- 'C///.-,: A."/

■

500

7%
19%

Packard Motor Car.

64 y4

13'/a'
19%

^15

Bearing

*•-

9% ■'

l

L

'

3%

7%
19%

3%

•

July

43%

36 %

:
■

3%

7%
19%

—1

National Stamping

-

40

Cleveland Slock
V;';

3%

3%

1

common

Los

"/•

25

Feb

10

——

Murray Corporation

3'% Jun

40%

4%

„

Products

Screw

Motor Products

Oct

43%

.

j

—

_*

.

_

Standard Oil; (N J).

:'V:

Feb

2 Va

3%

___1

McClanahan Oil

16%

(
__

Masco

14% jun

62%

;

'64%

I

Car._

-

Steel

19%

4

-

"

28

*
*

Sep

10%

10%

f

10

....s.

28%

3 %

10%

'•

,.1

"

50
554

12

9/64 15/64

/$■

—

—i--—* :V

Register—A—'

11%

12
'
15/64 /

i_■

——1

—

$Rdio."Corp; AAA
Socony Vacuum Oil.;

S

200

10,908

Apr

Jun

Central.:

Wcstinghouse

25

25

—-1

Kinsel Drug

45%

.

U

25

Oct

26

—

158%

Jun

r__J

Roller

Mar

—

Mar

Oil:,—i.

Standard

22 V2

1—*

;

37

Motor

Timken

560

1

148

:

4M

24

*

1

com

common..

-±±

175

151%

A_
0
-Pennsylvania-.-'-A-A—
—''.50 »'
Pepsi-Cola. • ■_z_____ A—__I—_L„__33 %c:
Pure

23%

1

1
2'/2

■

Motors

Car

Motor

Kaiser-Frazer

May

SheJler

/A/

10% Mar

1

Brewing common

119

Motors

Packard

850

1

40 Vb

_.

Cash

Jun

12

*

Corp

37%

_——

York

Jun

11%

1

40

Wright'

General

2%

1,400

1

Manufacturing class B

25

Department, Stores—A.
Electric4'1

New

6%
21%

20% Mar

4

10

Industries

Wood

32

10

Gas

National

Gemmer

6V2

355

Gar

Oct

100

General

i\-•

6 V2

Oct

14%

62 Vr

611

Aug

48%

Feb

Tel

'.Rights ..—LA—.—
—
Commonwealth:&, Southern—*

1

■■

•J

67

66J/2

Feb

Hudson

Mill

605

6,052

3%

1

Ohio

&

&

Jun

Jun

Mar

5%

20%

Stove

Brewing

Mar

10

15

66 V8

'
//

4

5%
20%

1

40%

356

14 •«

47%

1

Rolling
Tel

Columbia

•

Frankenmuth

48%

__

•._<■

—.

City Ice &*Fuel_A

,-J : 'i

62

45%

Airlines

Chesapeake

Fed

15

46%

Howell

!

American

Curti6s

6ft

Sep

5%

Feb

23

10%
10 V*

6% Mar
6

1

Electromaster

.50

American

mi-

Jun

Stocks—

Allied Stores

.

24 y2

350

819

25% May

Apr

66 %

,

Cities

Sep

19y2

14%

—*

—

Unlisted

19%

48% A

»

Printing common..

Preferred

50
40

1

-

f.

—_

class

U S

21%
21

65

21

___..100

,

Magnavox Co

21%
21

>

__.■-j*

17% Jun
65% Jun

■

Mar

9

6%

-

20%

Nav

Iron

Detroit Steel Products common

Eagle-iPicher. 1—

6

5

Edison

76 %

.

:

9

6%

20

Detroit

25

Cine & Sub BC1I Tel.—...50

Cincinnati Street

9

1

Motors

Bros

>

26 %

38%

Jan

100

High

26

38%

Aug

5V2

Low

26%

5

3%

5

<Range Since January 1

High

^2

14 y4

29 %

Low

Shares

common.

Products

Bearing

Manufacturing

Briggs

4 V-2 May

Metal

Roller

10

27%

.100

32%

29% Mar

for Week

of Prices

Par

High

1

:

258

5

%

28

43

'r:

3%'

5

5

LOW

' 17%

25

.■_*
8.50

common

Range Since January I

Sales

Range

...

Sale Price

25%

17

_r

Shares

29 y2

3%

17

l".-

Advertising Products

Gi'"Mnnnti.

A

__

8

__

Champioh Paper .& Fibre—__i._
Churngold Corp

STOCKS—

High

29 y2

__'_1

..

Baldwin

of Prices

Low

Exchange
Week's

Friday

Sales

Last
STOCKS—

WOodward 2-5525

Telephone:

Last

Friday

,

/.

DETROIT

Building

Cincinnati Stock Exchange
*

-

17% May

3

12

:/.a/

Exchange

Chicago Stock Exchange

/

3% May

Oct

New York Curb

York Stock Exchange

15% May

*

»

Members

/:

7% July

Sep

2,250

20

79

i

r

./.■■

5%

6„

19%

1

common

watling, Lerchen &. Co.

11% May

'

*

& Co

j Feb

6%

26%

1

Corp

Jun

;

1,200

25

_

High

15

8

7%

6

...15

Corp.

Low

1,100

7

l%

j

Snrlne

13%

-

33%

2%

„_

Corp common

Oil

-

Range Since January 1
a

High

12%

7%.

•

Oil of N J

Studebaker

13%

1

Republic Steel Corp common—
Rexall Drug Inc
T

Sunrav

for Week

of Prices

V'Par

of America
Radio-Kelth-Orpheum
Corp

Standard

Range

Sale Price

STOCKS—

OCTOBER 22

1st preferred-.

5%

redeemable

:

1st pfd___/__

—10
...25

25

:__25

__

__

2.60
__

33%
__

___

42c

;

;.4,000
518

42c

..

200

2.50

2.60

7,600

18%
33%

18%

100

33%

1,930

a33%a33%

111

26% 27%

*

465

/

* -

12c
Oct
6% Feb
35c Mar
L95 Feb
15% Mar
30% Mar
33
Mar

47% Mar.

May

24c

Jun

13% May
70c

Apr

3.90

Jun

21 %

Jun

36

Jan

35%

Jan
JUlV

O'-v

28

&

COMMERCIAL

THE

(1722)

FINANCIAL

CHRONICLE

Monday, October 25, 1948

•

OTHER STOCK EXCHANGES
RANGE

Week's

Sales

Last

Range
of Prices

Friday

Par

Loxo

0

Pacific

Lighting Corp common

Rexall

Corp

Roebuck

Sears

Oil

34%
6

2,332

15 %

Apr

201/8

32%

Feb

49%

49%

15

46

Mar

52% May

a42

a42

50

28%

—

225

29c

5,750

25c

Sep

55c

25%

25%

1.001

15%

Feb

32%

i^._;

—-

8%

10%

175

28%

29%

2,314

25

Mar

40

60

36

Mar

27%

27%

507

26

May

28

27%

4.32 %

cumulative' preferred

25

24%

24%

24%

1,346

28%

28

28%

735

Pacific

Oil

Standard

A —25

company

southern

class

■

T.,

•

'

—25

Textron, Inc common
$1.25

Oil

Union

Universal

—

Steel

a

562

44%

Feb

12%

70%

55 '

1,549

72%

Jan

American

9%

Feb

2,310
400

20

Sep

23%

100

12%

Oct

20% May

100

17

Sep

17

Sep

10%

Feb

13%

Jan

11%

4,177

al5 al5Va

10

Tel

Viscose

&

Co

_10c

Corp

—1——_—

Steel

Armco

&

Armour

:

21%

Curtis

Oct

& Santa Fe
Co———

Topeka
Refining

Electric

General

Oil

Barnsdall

70c

Feb

2c

2,000

2c

5c

1,000

4%c

Steel

Bethlehem

a45%

5

Inc

Feb

7%

—

Feb

17%

14%

900

10%

Feb

40%

167

33

Feb

44

85

Feb

37%

Corp

37%

38%

1,420

30% Mar

38 %

26 Via

1,070

23%

375

39 % Mar

42% July

62%

387

47

65

10

275

.

10

215

51%

54%

375

33

11%

12%

519

1U%

A

13/64

23,689

a22

a22

26%

250

3%

7,085

3%

3%

23%

23%

23%

9%

.10%

9

8%

9

3,075

a62 a63%

87

28%

Co preferred-

Paper Co

——

Llbby

Distillers

American

North

Oil

Packard

Company
Car

Motor

American

Pan

Paramount

Pure

Oil

Feb

9

%

Feb

16%

Jun

15% Jan

22%

Jun

32

Mar

42%

Oil

_

40

Jun

Feb

15

July

Feb

62%

Oct

a3%

50

3%

Feb

5%

Jan

195

37% Mar

48

426

in

Feb

Co

Co

34%

Sep

38

1

Gas.—

16%

53

Apr

62

12%

277

11%

Oct

16%

59%

60

526

42%

Feb

60

86

a9 %

a9%

90

15%

15%

515

Brewing

Pittsburgh
$3.50

Glass

States

Westinghouse

10%

400
35

21%

Feb

27

23

155

18%

Feb

23% May

8%

8%

100

6%

Feb

3%

3%

855

2%

Jun

22%

984

3%

700

2

6

Apr

3 V2

32%

220

65c

110

65c

10c

lie-

22,500

10c

Mar

14%

14%

.65

Feb

'10

v

Jan

1 % Mar

19c

11% Mar

May
Jan

15

9%

5% Mar

150

6

6

Jun

39%

Oct

7%

Jan

2% Aug

Oct

9

65c

Jan

52%

Mar

1% Mar

v-8 •••'.'

11c

Sep

Oct

2% Mar

398

34%

33%

Aug
Julv

30

937

2

9

3%
24

3%

186

36 %

34

2

Sep

May

11% Mar

100

3%

3%
36

Apr

38%

37%

38%

664

32%

Feb

39%

Jun

29%

28%

29%

311

25%

Feb

33

Jun

Week's

Sales

Oct

Last

Range

for Week

Sale Price

of Prices

Feb

10 %

Apr

Oct

19%

Apr

Apr
Feb

13
Apr
63% May

American

Brown

20

48%

18%

18%

141

15% Mar,

21%

19

565

18%

22% May

16%

17%

2,419

17%

STOCKS—

8%

321

'

Friday

Feb

12% Mar

Jun

18% July

Inv

Burkart

Mfg

common

__

_.

—

_

35%

36

275

26%

Feb

40%

Jun

General Motors common (Un)

4%

4%

a

1,150

9%

Feb

Falstaff

Brewing

common

—

921

4%

Feb

1,005

8%

Feb

5% May
11% May

General

9%
20%

780

18%

Feb

26'/a May

Huttig

19%

19%

19%

451

16%

Feb

21% May

Hyde Park Brewing common _
Hydraulic Pressed Brick common

9%
a

9%

300

57

355

39%

Oct

75

25%

39%

a35% a35%

49 %

May

44

May

Johnson-S

15

Jan

100

7%

Oct

11

May

100

1%

Feb

1,770

7%
1%

2%

2%

2%

315

2%

Oct

33

30%

33

2,904

22%

Feb

11

11

100

9%

Jan

a30% a30%

57

5

3% May

5% May
33

Oct

26

Feb

13% May
32% Apr
23%

Laclede

Gas

Steel

Laclede

common.

15

Feb

75

35%

Feb

47

81

22%

Sep

28%

Jun

Scullin

38

Mar

52%

Jun

Sears Roebuck

23%

19%

1,420

a44%

a47

61

81%

81%

454

71%

11% Mar

18

17

29 %

17%

17%

17%

100

24

24%

1,208

Feb

Feb

Jun

May

85% July

July
Jun

North
St

American
Public

Louis

Steel

42% May

Mar

65% Aug

26%

10

31%

Jan

62

62%

325

36

May

68

Aug

41

com

Stix-Baer

Wagner

&

class

41%

20

33

Mar

42%

Jun

Fuller

2

common
common

common

2

41%

''

in

Jan

12

Jan

11%

Oct

9%

350

8

14%

265

6

18

18

17%

17%

^

14%

.

-

94

i-1

-

I

32%

90

lit

.1,

'

.

=

Oct

42 % Mav

Feb

23

July

13
;

Feb

17% May

Feb

85%

;jf,

j,

page 44.

Jan
Feb

48

.•"V. 527
•

7

21%

15% Mar

700

14%
52

•

17'A

14% Mar

Aug

14%

.

Jun

May

51

*

May

19

5

,

Jan

19

16

20

52

23%

Mar

300

40%

Jun

Aug

16% Aug

17

100

39%

Max-

6% May
33

19% Aug
■

65

230

19%

5

17

Apr

5%

21

40%

__15

Oct

Mar

15%

5%

21%

1

Oct
Mar

21%

15%

'

50

28

50
355

18

*

4%

125

19%

13%

400

32

17%

in
_

Feb

45%

100

19%

'

Jan

39% Mar

410

9%

31%

——

;—25

2%
30

11%

6

24

Oct

23% Aug

41%

w

—

_

A

1%

70

10%

'

Sep

14% Aug

75

*

24

41%

25%

100

15

15

23%

'

•

& Co

Electric

•

14%

(Un)

Service

Sterling Aluminum

'

9%

common

Oct

15

4

—

27

Feb

May

51

23%

20

_

Jun
Jan

31

31% Mar

_

_

13%

390

-W

1

Cement

Portland

Missouri

Feb

525

"

■

#

Mever Blanke

10%

25% Oct

230

-

1

common—

McQuav-Norris common

20

26%-

4

_

Apr

42

„

—

_

Jun

16

64%

■

common—.

common

33%

40%

'

■

common

Knapp-Monarch common
Laclede-Christy common

Sep

Feb

62%

■'

».

Shoe

a24

19%
a

27

Jun

155%

27

42

5

____

_

& Shinkle

a45% a45%

19%

27

19

64%

\

fi

Brew

common

_

International

Feb
Feb

13%

7%

7%

Preferred

8

12%

13%

25%

High

Jan

150% Aug

70

'

S & D

May

39%

'

common..

Griesedieck-Western

Jan

275

9% Sep
41% Mar

22

56% a57%

12

25%

i

4%

8%

a57%

11%
25%

10

20%

Shoe

844

12

•

20%

—

50

18

i

_

_

(Un)

246

18

13%

417

1

1

Low

32%

31%

32%

in

Century Electric Co common
Coca-Cola Bottling

Range Since January 1

100

17

.151% 152%

152%
-15

common

Shares

High

17

17.

& Tel

American Tel

Shoe

„_1

common.—

35%

11

10%
15%

a

LOW

Par

,




7% Mar

Oct

Jan

10%

i

cor ioomoi.es see

39%

SI. Louis Slock Exchange

General Electric common

it

Feb

Jun

22%

Jun

15%

14 %

a

24%

Inc__—

Corp

30% July

25%

9%

*
12.50

Jun

Webster

Oct

23%

25

—__l
1

Air Brake
Electric Corp

Westinghouse

14%
a7*

24

175

25

1
vtc

common

Mar

Oct

1

___.

Mining
Steel Spring

Toy

Mar

%

10
.*

Pittsburgh Screw & Bolt Corp—.

United

19% May

IOV4 Feb

31%

0

Pittsburgh Plate Glass
Company..

13

95

31%

5

—

——

Jun

8% May

60

24

0

common—.

preferred.—

Pittsburgh Oil & Gas

Jan

11

24

31%

33%

10% May

22,328

3%

27%

Stone

12

3%

July

18%

—

16 %

11%

9

A

5

13

a58% a59%

a59%

~

16

12

4%

25

10%

High

Feb

25

150

7

7

;

Range Since January 1
Low

31%

10%

—

Shares

High

31

Fireproofing Corp

Oct

•

Low

22%

Jun

33%

a47

Sales

10

13% May
16% Jan

29

24

39% July

Mar

for Week

Supply

Fuel

Apr

25

Feb

20% July

Range

5

Feb

(Ind)

3% May

23% May

2

32

Week's

10

15%

(N J)

Jun

Feb

20% Sep

-

of Prices

1

17%

Co

201

10

125

Co

20

38%

—

__:

288

Oil

21%

38

5

15%

Oil

21%

38%

*

*

21%

Standard

990
496

Oct

Feb

<■

3%
21%

•

Electric

&

20 %

15

2%
21%

70'/a

.

Jun

11%

»

Inc

3i/8

21%

'

Jun

50% May

13 y4 May

238

25 % Mar

a30%

12%

50% Mar

7

11

1.75

735

Manufacturing ___________1

Standard

Feb

51%

473

*

70%

22%

San

345

50c

68%

—

Brewing

McKinney

Jun

'

_

—

_

69%

0

—

21%

Standard

&

20

16

1

Corp.

Schenley Distillers Corp
Railway

Jun

July

38

„

Republic Pictures Corp
Republic Steel Corp

Studebaker

1,138

1%

Brands

33%

11%

_

Socony-Vacuum

Sep

34%

,

of America

27% July

Sep

39% Mar

common—*

al5%

*

Radio-Keith-Orpheum

Southern

27 %

165

■

Standard

Nat

11%

7

•

23% July

28% July

;

Feb

7%

311

•

Co

Steel

Star

Jun

283

•

St Regis Paper Co

Lone

69

43%

60

25

16%

60

50

Sale Price

Mackintosh-Hemphill

Mar

50

33%

—

265

49%

13%

50

-

—

Company

Corp

25%

8%

49%

Walker Refractories com.—*

Mountain

16

2%

_

—

...

Inc

Warrants

Pitt

Jun

12 %

•

-

Ir.c

Pepsi-Cola Co
—
Phelps Dodge Corporation—

Radio

25

8%

*

1

Co

Airways

Pictures

Pennsylvania Railroad Co

Pullman

25%

1

Apr
Jun
Mar

45% Juiv

•

Sep
Sep

...yA

10

1,342

a59% a59'/2

•

Jan

20%
26

100

Inc.

28

217

1,558

1,024

1

Co

25

22

10

Pacific Rwy

48 %

24%

27

Co

Gas

Feb

33%

-4'

Oct

21%

9 ;,V:

Oct

22 % Mav

Feb

26%

Rights

6 %

37%

—15

*

American Co

Ohio

Jun

16% Mar

13%

•

Aviation

North

Northern

24%

62%

•

RR

Feb

13%

al4%

Corp

Central

York

New

Prod

Blaw-Knox

Columbia

Sep

16

—

8%

20% July

.>■

21% Feb

50

Gas

Fort

33%

8

42%

41%

42%

36%

May

21%

21%

Steel

Natural

Harbison

43%

Nash-Kelvlnator

133

26 %

preferred _L_■

Jun

13

'

*

Nat

5%

Oct

28% May
3% Oct

62%

________—

Corp

Arkansas

12

Sep

12% July
26% Aug

40%

Ludlum

27%

Oct

Apr

Feb

■

Company

Allegheny

Follansbee

;; 111/4

Montgomery Ward & Co Inc

4.872

•

common

Par

Jun

Feb

•

Magnavox

432

22%
23%

Last

14%

7%

a37% a38 %

—

*

____.

-

80

Corp

Cort>
McNeil & Libby —

3

39%

22%

22%

Friday

Feb

a3%

Copper

'36%

22%

Duquesne Brewing

2%

30

•

International Tel & Tel

39%

May

7% May
1

Feb

STOCKS—

9%

414

13%

«

..

Pittsburgh Stock Exchange

Jun

.4%

40%

*

16%

10

63%

110

a25

<"

Corp
.l
Canada—.

3,589

20

Mar

21% Mar

595

14%

—

Nickel Co of

Sep

19%

Coal

Renner

.100

13
A,

•

y

Jan

65% Aug

25% May

<

Apr
5'% Mar

com—.—*

Gas

56%
,

%

19%

Inc

Apr

1,851

14%

13

Feb

18% May

Oct

4%

17%

Westmoreland

May

10%

a245'8

s

—

—

8

9%

10

1,100
1.898

Westmoreland

19

10%

a22% a22%

5

—1

Greyhound Corporation

11% May

10%

„

Graham-Paige Motors Corp

28%

July

10%

10%

»

Corp

1.647

U

1

61

25 %

650

•

Utilities

6%

*

Improvement

Oct

24

500

10%

Corp

12%

6'A

Jun

13 % Julv

,

;

Feb

*

Mar

%

40

26%

•

Company———

Feb

52%

--

General Electric Co

8%

590

i>

Light Corp

Jan

15%

—

-

11%

12%

17%

5,090

Oct

41%

52%

—

—

49 % Sep
.50% Mar

225

28% Mar

Feb

9%

26 %

1

1.911

//—'

16% July

26 V2

5

...

——

common

Gas

8

19%

8%

Corp

United

380

64 7

19%

19%

;

United

51%

62%

Jun

65%

Mar

18%

Corp—__

Co

51%

7

8%

common.

Jun

%

14%

'

Oil

15% Mar

.

Jun

13/04

•

&

Jun

12%

—1

Sun

:

Oil

1,408

50

preference

Paper

215

16%

f* 52% Feb

Oct

12%

54%

•

Corp...

(N Y)—_

Dome

10%

16%

64%

Jun

11% May

*

May

13^8

1

Kennecott

Sep

15

40

—

A

International

37%

31% May

Salt

466

19
19%

___

El

61

1

common.

div

59%

,i

Apr

158%

•

17

Feb

8

33

10%

;

■

Feb

12 %
-

27%

117% July
49% July

al5 al5%

•

.

52%

—

Electric Bond & Share Co

Iron

Jan

4%

0

Interlake

Oct

91

501

15%

25

10

(The)

Publishing Co

Northern Ry

Sep

40% Jun

41%

Corp

Zellerbach Corp

Illinois Central RR

46%

Feb

1,603

5

(B Ft

Feb

Oct

Sep '

8'A

69

Corp

147% Mar

90

,

•

common

Service

$1.40

1,432

15%

,_10

RR

Public

Scott

157% May

7%

———

Co———

(Del)

Public

Mfg

High

10

"

„

,1

_

Reading Co common..

{

May

61%

Continental Motors Corp

Foods

27%

16% May
65

41 »/4

—

& Southern

General

32

\

Oct

7

0

Edison Co

General

Aug

45%

9

26 %

1

Goodrich

64

400

—15

Consol Vultee Aircraft Corp

Power &

148 % Mar

732

—

System

Curtiss-Wright

Mar

Mar

a30% a36%

Corp

Continental Oil Co

10%

40%

——

Consolidated

Sep

48

61

8%

5

—

Solvents

Commonwealth

'

10

Light

Low

22% Mar

9%

50

Philadelphia Electric common
$1 div preference common

{

Oct

12% Mar

70

3iy«

—5

Company

Gas

1,160

30%

*

Int'l

Salt

4% May

40%

Commonwealth Edison Company—_ -25

Great

Pennsylvania

41% May

Oct

9%

all7%all7%

*

Electric

Apr

6 %

555

14%

Rights

Class

8c

Mar

100

37%

—

•

Curtis

Feb

"

300

37%

'

Caterpillar Tractor Co

Commercial

3

175

*

Columbia

15 i

59%

a45% a47%

7^.

.100

Canadian Pacific Ry

Crown

Jan

32%

1,186

al5%

Borg-Warner Corp
Budd Company (The)

Service

7%,
10%

69

7%

Co__
Company (The)

Cities

25

69

10

Airplane

Borden

201

152% 152 V?.

•

Boeing

5c

Corp

Range Since January 1

305

16%

10

Pennsylvania Power & Light—

Apr

Mar

&

Power

Sales

61;

<■;

5

700

14%

_100

———

44% Sep

Shares

151% 152%

10

10

1.10

'

59%

—25

Corp

Aviation

Bendix

15

;

3

'l—

Co

24% May
33
Jun
49% Jun

for Week

24

15%

•

._

Corp

Brothers

National

6%

.100

Ohio RR Co

Baltimore &

Motors

Gimbel

44% July

3%

—14

Ry_

14

Feb

High

23%

•

152%

.

*

Range

Low

13%

Sep

10%

Works.——__13

Locomotive

Baldwin

Light
Storage Battery—;

38

33%

1

(Del)—

Mfg Corporation

May

Oct

25% Feb

235

45

of Prices

•

&

665

3%

(111)

Atlantic

Power

Lehigh Coal & Navigation.
Lehigh Valley RR
—

1.80

-

,

—

2%

Publishing Co_.

Delaware

"

——

3% May

9%

60

735

Week's

Last

Corp

38% July
84% Oct

,

'

Friday

*

20 % May

33%

—-

_____

Apr-

19

18"%

520

9"%

28%

45

13

Feb

8%

Corp

Co

Atchison

Avco

3%

Copper Mining Co—_— —50

Anaconda

28%

__

100

5c

"

s

•

<■

American Woolen Co

9%

■

Works

2c

I

■

--

1

—_—

al8% a20%

__

•

July

968

41%

13 %

1,172

1.05

■

—

Stand San Corp.*
*
Co

Tel

American
American

147

al9%

Oct

Feb
12% Aug

1,250

3

Sale Price

67% Mar

33%

84%

41

Smelt & Refg

American

49%Mav

3 %

a45 a46%

10

Company

Philco

American Radiator &

(F W)

Locomotive

Chrysler

15% May

Stocks—

Unlisted

2Va Feb
38% Feb

3%

Aug

39 % July

105

.

a46%

♦

Tel Ac Tel

Baldwin
Budd

12%

33

25c

Alleghany Corp ——_—-————;
Allis-Chalmers Mfg Co—
American Airlines _u.
—
American Power & Light Co——

23%

al0% al2%

Par

Jun

23%
a

83%

1.05

—_

89%

llo

860

43

12%

a

12%

American Stores

Jan

13%

11%

al5

1

Co__

487

90%

19

290

a277% a28%

V

Pennroad

Mining

Gold

'89%

__

Jun

8% Oct
25% Apr
43
Oct
92% Aug
30
July

8% Sep

50

19%

5

C6

•

62% July

41%

Imperial Development Co Ltd—

Inc

Feb

59%

al6% al6%

11%

-

Zenda

19%
41%

43

STOCKS—

29% July
34%

23%

.

'

al6%

-10

Co

a8% ' a8%

32

Philadelphia Stock Exchange

Mining Stocks—
Cons Chollar C & S Mng

Pictures

Woolworth Co

'

*

Co——

Oil

Consol

25%

Jan

Feb v.

Jf

-T

'

5

Inc

22%

27% Aug
32 %

13%,

'

—2

Corp

Bros

Union Telegraph

Jan

395

common- —25

California

of

States

United

Air

Western

<fc

Transcon

;

■'

—

Corporation

28%

■

-

_50c
*

cum

conv

Transamerica

24% May

521

33%

69%

7.77 ~T''

class B preferred

-

59%

—.

•

13%

4%%

Warner

July

33%

•

•

of Calif—

Co

•

*

pfd

19% Feb

27%

'

27%

6%

935

27

1

42% May

convertible

Gas Co

68% July

10

30% July

39%

4.48 %•

Calif

(Del)

Co

14% Mar

Feb

10%
7"

7.

27%

Sou

66%

Feb

a27%

10

Western

Oct

194

Feb

122

29%

25

—25

pref

Rubber

Inc

Jun

Feb

49%

Jun

_1
—

Lines

Jan

53%

174

Mar

1.000

Oct

S

*

5

36%

260

__

com_50

new

Westinghouse Electric Corp

May

10c
194

26c

—

—25

conv

22c

10c

175

29C

Corporation

U

Jun

192

25

4.56%

44%

Feb

9c

Jun

Air

United

41% July

Cu

Co

Corp

United

20% May

919

Carbon

<fc

Aircraft

High

Low
30% Mar

83

.

59%

59%

__

*

Range Since January 1

High

a66% a67%

*

Pacific Railroad

United

1,298

cumulative

4.83%

Carbide

Union

18

<■

:

Original preferred

Union

a67%

10

_„

Jun

40%

-

Corp

Mar

40

'

Oil Co—

Twentieth-Century Fox

7

1

Ltd com

Tri-Continental

7% May

Oct

17%

Associated

49

Jail

4% Feb

401

Water

59%

*

Co

Shares

a31% a31%

25

Sulphur

1.30 May

17%

—

Co

15%

,

Oct

18

—

Co

17%

Feb

75c

Tide

Jun

40%

Corp

Calif Edison

Southern

17%

—

6%

Sep

5%

1,530

6

Corp

Aircraft

Solar

Jun

3%

•..

Oil <& Gas Co class A

Signal Petroleum Co of Cal_—•
Sinclair

32

32%

a42

Trading

Mar

6

30

Sierra

22

895

Shell

Signal

Gulf

500

1

Security Company
Union Oil Corp—"—.

Texas

6

•

Co

&

Aug

80c

5

Stores Inc
Seaboard Finance Co

28 %

5%

1

Safeway

Sep

34%

common

Aeronautical Company—

Ryan

27

4,385

Low

25

Company

111

75c

*

Oil

Richfield

Company

Texas

2,328

—1

_—--—1

&

Jun

5%

~6

___,—.—

Co

Oil

Swift

57%

25%

for Week

of Prices

Par

Sep

Aug

4%

.2.50

Inc

Drug

Ranch

Rice

High
27%

Oct

48

24%

25

<

26%

20

a27

!

Sales

Range

Sale Price

STOCKS—

Week's

Last

Low

a26 %

1

Gas Co

Oil &

Friday
Range Since January 1

636

54%

a48% a48%

__

& Timber Co__.
—1
Petroleum Co common-

Republic
Reserve

__10

Pulp

Sound

Puget

—

> >

v

Shares

High

54%

__

Corp

Oil

Western

Pacific

OCTOBER

for Week

Sale Price

STOCKS—

FOR WEEK ENDED

.

.

■..

Feb

Volume 168

Number 4745

THE

COMMERCIAL

&

FINANCIAL

OTHER STOCK
RANGE

CHRONICLE

(1723)

EXCHANGES

FOR WEEK ENDED

OCTOBER

>2

Friday

PACIFIC COAST SECURITIES
Kennecott

MEMBERS

,

New York Stock Exchange
Honolulu Stock Excha nge
and other

&

Co.

Kern

SAN FRANCISCO

Lockheed
Loew's

Macy

C

&

Week's

Last

Range
of Prices

Air

Reduction

Co

(Un)

*

Range Since January I

High

Low

High

23

225

21%

Sep

6'A

7Ya

610

6%

Oct

10

Co

Mother

100

7

Feb

11%

Jun

•

14

14

390

12% Mar

Smelting & Refining (Un)..*

59%

59'A

138

51%

152% 152%

2,258

Nash-Kelvinator
National

Inc

Power

Light

Radiator

&

&

American

Tel

American

&

(Un)

Stan

Woolen

Tel

San

Co

__

1

(Un)

(Un)

__

»

(Un)___

Co

__

100

(Un)

__

•

Anaconda

Copper Mining (Un)___
California National Bank

Armour

Atlas

Co

&

Atchison

(111.)

Top

Corp

Atlas

&

Mfg

Nat'l

Linen

New

Park

16% May

N

Central

Jan

67

Jun

North

148% Mar

155

May

North

Baldwin

Bendix

37%

28%

28%

1,070

8%

8%

415

26% May

28% May
8% Oct

120

89'A

Feb

20

__

117%

(Un)

Y

Co

13

15%

Corp

(Un)

40 % May

RR

Ohio

7%

727

4%

Feb

7%

15%

230

12% Mar

17%

59

10 %

Feb

16% July

50

4%

Sep

303 %

308

170

a41 a41%
:?■

16%

65

'

Co

20

59

Corp
&

(Un)

Sullivan

5
(Un)

Ink

California

Co

(Un)

(Un)

Tractor

Eureka

10

com

Amer

class

55

10

Glading
Golden

<io

A

com

(B

Goodyear

Tire

Co

Hale

Bros

Hudson

Hunt

Co

(Un)

Apr

29%

26%

*

5

__

__

27%

25

10%

Feb

14% July

8,726

%

Oct

3%

7,209

2%

Feb

26

26%

476

25%

45%

46

302

4%

800

23%

23%

305

10%

9

9%

9

__

29
__

10

800
1,265

__

__

28%
__

__

__

4%
21

3%
38
48

Oct

25

9% Aug
7% Jan

10

230

29

2,127

97

65

91%

350

22%

25

7%

2.60

Oct

90

27 %

Feb

41%

Jun

39

12%

Feb

15%

Sep

4V»

Sep

al4% al4%
4%

5'/a

33%

33%

33%

4,185
1,495

26%

26%

27'A

54 %

811
28

(Un)

Co

Oct

May

July
Jun

Jun

675

8%

Oct

11% May

25

331

21 %

Oct

28

285

18'A

Feb

26

2%

2%

2%

200

2%

Jan

3

19%

19V4

19%

1,238

Feb

22

May

22

Jan

9%
57'%

56

7%

10

26%

*

j._

a40J/a

1

com

1

Preferred

13

12% July

Republic Petroleum Co

Jun

10

Aug

15%

Feb

25 %

Oct

29% Aug

a42

Oct

90

42'A

400

26'A

Feb

49 Va May
42'A May

8

Feb

15

125

7

Oct

11 Va May

100

■P

6% July

1,539

118

22 Va

Feb

35

Jun

31%

Feb

34%

Jun

32%

Jun

40

23'A

Feb

30%

33%

1,914

22%

Feb

33%

36%

36%

165

36 JA

Apr

40%

2OV4

21%

590

19%

Sep

24

33%

•

33%

32%

33%

1,415

15%

Jan

•

26%

25

26V4

109

15'A

Feb

1

(Un)

28

28

28

280

27% Mar

Bros

S & W Fine Foods Inc

—

Safeway Stores Inc
San Mauricio
Mining

i__i

10

9c

17%

:

f

9c

784

53,000

*

a40%
.

v 195

Oct

18% May

17% Aug

21-v May

(Un)

preferred
preferred

166

50c

May

15%

15%

100

12

Mar

6%

6%

460

Sep

8%

Jan

28

28%

868

25 % Mar

31%

112

27%

Feb'-

35

663

32%

Fcbv

41% May

:

1

g

110

8

90

48%

220

34%

48%

Oct

Standard

Brands

5% July

Standard

Oil

Co

of

Oil

Co

of

N

5%

-5%

100

43

43

220

39

23%

4%

Feb

Feb
Mar

44

Sep

24

600

15%

Feb

25

Apr

15

205

9%

Feb

16

Jun

39

647

30

Mar

42%>

15

15

100

12

Jan

46%

Jun

195

122

Feb

15

Feb

32%

Jun

195

Oct

26

26

355

20

19%

20

1,665

14%

Feb

23

Jun

30

29%

30

1,722

28

Feb

34

May

*

30

29

30

370

25% Mar

241%

24%

181

24. %

a27V8a27%
/ 27%
28

98

25

a27%

A

30%

Jun

390

Oct

28 Va

Jan

24% May

28 %

Jan

Sperry *Corp
Spiegel Inc

ser

34

100

27% Aug
32 % Mar

320

44

Feb

475

22

Feb

29% July

33

33'A

.'

591/4

591/4

J

Pacific

291/4

291/4

a9%

a9%

50

9 Va

Feb

13% May

a23% a23%

113

22%

Sep

29

Jun

pfd.—25

Co

2

common

Inc

Studebaker Corp

-

(Un)

•

,

,

Jan

62% July
30% Jun

•

J

70%

69

70%

2,744

54%

Jan

73

Jun

25

(Un)

79%

79

79%

495

69%

Feb

90%

Jun

241/4

(Un)___!

1

'241/4

150

16%

Feb

28% May

a31 a3iy4

65

31'A

Sep

36 %

Jan

581/4

641

52%

Feb

66 %

Jun

Jun

15

15% * Jan

Oct

30% Mar

195

26

25

Calif

Standard

6%

Sep

6%

Co

May

180

Apr

48%

20

Gas

Jun

33

40%

a38% a40%

25

/

preference

1,630

Calif

21c

V.,- 9c Jan

8

Co

70c

Sou

Oct

15

4.48%

Southern

Jun

26%

*

Calif Edison Co com

10%

Feb

48%

34% May

30

8

..IB

13'A
v

Oct

Jan

May

40

40%

(Un)

common

Oil

303

18

10c

••

—

•

Signal Oil & Gas Co class A
Sinclair Oil Corp (Un)___
Socony-Vacuum Oil
(Un)

conv

18

Cementi (Un) —50

Sears, Roebuck & Co—_—

131/4

131/4

5

:

.PIO

^4.

70c

1.00

•

1

Richfield
Oil
Corp
Riverside-Cement Co class A

Jan

104

a24% a24%

•

Co

10%

4%

Jun

10 %

10

Republic Steel Corp (Un)
Tobacco "B" (Un)

4.56%

75%

a32% a33i/4

a33%

__1

Reynolds

July

58% July

Feb

a32% a32%

25

Southern

Feb

Feb

k-\

-

9

Soundview Pulp

Apr

55'A

1,144

7%

Jun

May
% May

41

477

25 %

25%

9'A Sep

465,

10

•

17;

520

9

Jan

Feb

'V':'

91/4
56%

a64% a65»/a

7%

Water Co

Jun

5% May

9%

*

Union

Jun

104%

Feb

20%

*

(Un)

Portland

Oct

26

Feb

4'A

Oct

17%

22% Mar,

Railway Equip & Realty
Rayonier Inc common
_!

Conv

Feb

90

36

Jun

Oct

138

748

13%

4.32%

56

Jan

12%

Jun

Jan

20%
115

104

438

12%

Cruz

Sep

55 Va July

101JA May

343

35%

Shell

Mar

4%

36

Shasta

47

24%

13%

Santa

Apr

27%

96 %

•

Roos

Jan

35%

Oct

4%

25

Rheem Manufacturing

6 % May

Mar

33

26%

■

24%

33 %

_t

Oct

36%

94 %
9

Apr

2.60

20%

50

cap

>
Inc

454

68c

30% Mar

96%

1

(Un)

Co

•

Oil

s

.

Feb

39c

5,185

34

•

103% July
28 %

300

33%

(Un)

Corp

13

Sep

26% Mar

July

17% Jan

500

5%

(Un)

(Un)

Co

34%

Feb

9%

Oct

16% Mar
10%

Feb

27 %

.

69

Sep

42c

Apr

6% May

Mar

95

al0% al0%

10%

32

Sep
38% Mar

28 %

27'%

Oct

Jun

Apr

3%

10

6%

Radio

6%

___lo

____

a35%

800

1.05

Apr

35

14%

Jun

6%

6%

3 159

5 % Mar

11%

Jun

a34% a35%

'l00

34% Mar

46%

Jun

6%

6%

6%

850

•

4iy2

40%

41%

1,303

(Un)

&

•

38

38%

*

(Un)

____*

Rubber

(Un)

common

pfd

non-cum

•

(Un)__l
(Un)_*
3

Inc

*

*

415'

63

__

16%
__

__

a48%
__

__

__

63

602

16

17%

669

a20

a20

20

29%

17%

_____*

common

Co

__

*
*

Co_„-

Ltd

29%

235

15%

17%

66

66

3,834-

5

3^ Jan
21%

78

445

Co

17
18-

4%

1

6%

17

17%
4%

17
18
5

520

2,210
1,000

Idaho

Power

Corp of Del

Oct

63

Oct

23

Jan

Sep

28

Jan

24

Feb

38

July

15%

Feb

20%

Feb

Corp

see

of

3%

(Un)

page 44.




28

725

19%

Feb

32%

Jun

11%

6,274

10%

Feb

13%

Jan

14

15'/a

200

13%

Oct

a40% a43i%

489

38

Sep

33%

755

21%

Feb

21% Mar
42% July
38% July

(Un)

14 %
141/4
.1281/8 a28 Va

250

14'A

Oct

10

23%

Feb

30 Va May

12%

678

10%

Oct

19

•

a42%

25

com

33

12 %

Corp

Lines

(Un)

5

Inc

__1Q

40
IO %

Jun

U

S

Steel

Corp

Universal

12%

10%

20

Jan

Apr

Utah-Idaho

Sugar

Co

Jan

Victor

Waialua Agricultural Co

Oct

Warner

48

Feb

Equipment Co

3

2% Mar

3% May

31/4

2,300

87

82%

87

903

68 % Mar

87

40%

41'/2

300

40

Aug

45 Vb

July

2.60

2.60

400

2.60

Oct

3 Via

Jan

11

995

7%

Feb

11%

Jun

32%

Oct

14

May

Apr

301

Jan

-.5
i

Pictures

Bros

3'/4
41%
n

20

(Un)

25

10 3 8
25

25

84

0.9%

5

9%

575

v

1

24

9%

Oct

Jun

Jan

Jan

May

13% May

Wells

Fargo

Bank

&

Westates Petroleum

U

T

West Coast Life Insurance

22

Apr

West

5% Aug

6%

6%

220

5%

Oct

69'A

955

52 %

Feb

78

3

3

330

Western

Air

6,300
2,710

4%

Feb

10

5

16 V2

16%

100

13%

Jan

17% Aug

1

a231/4

a 231/4

40

19%

Feb

24% May

a6%

a7%

100

7

Sep

10% May

18%

19

616

16

Mar

22% May

89c

Sugar
Lines

(Un)

common

Inc

(Un)

;

7%

1

275

275
31c

Mar

1.80

Jun.
Jun

10% May

69%

100

90c

7%

275

1
1

Jan

Indies

275

82c

7%

__100

(Un)

com

(Un)

19

Jan

(Un)

com

Apr

5%

Mai-

1
•

10

Oil

48

15% Aug
16% Feb
1.60

(Un)___

common

Consolidated

72%

Sep

__

16%

16%

190

13%

14'A

485

12%

Corp

27

11%

5

—

55

Apr
39% Mar

14%

Canada

Air

28

11%

Oct

15 %

2.70 Aug
16
Sep

——_:

Nickel

Calif

United

62%
20

*

Mines

of

Air

—6.66%

Maryland

Co

United

Jun

10

Carbon

40 %

Feb

1

Co

Inc___

Idaho

Oil

Sugar

Preferred

1

—

Union
Union

&

35

66

11%

Carbide

West

&

Aircraft

53

a44 a44%

Union

57%

—2

com

Corp

Transcontinental

a31

25

Oil

Ass'd

Water

Transamerica

25

(Un)

Company

United

50

11%

Tide

(Un)___

7% May

60

230

Texas

Co

42% May

397
,

&

Feb

a64% a64%
3%

Swift

31% Mar

a48% a49%

3%

Jan

•

;

Car

1.50

16'%

2%

*

July

1.50

(Un)

;

15

16%

__

1

common

&

__

—20

100

For footnotes

^

11/64 13/64

.

22%

20% July

27%

4%

3%

Sep

25

all% all%

all%

28

15

Corp

Johns-Manville

a23% a23%

__

Jun

62% July

Aug

.*___*

Corp pfd
Corp common

Co

65%

Feb

38

Plantation

International

Mar

32%

Sep

~

Co

Ry

Motor

37

_

Stores

Foods

54

Sep

17%

10

(Un)

Holly Oil Co (Un)
Honolulu

36%

Feb

9%

2.60

Corp of America (Un)
Radio Keith Orpheum (Un)

11% July

25 %

10

N J

Corp

Oil

10

Sep

63

15

Pineapple Co Ltd
Development

Honolulu

315

&
9

290

•

(Un)

Hawaiian

Holly

59%

a51 a54%

Sep
Jan

«

&

F)

North

Greyhound

40

1.95

44%

Sep

5

Graham-Paige Motors
Great

220

Pure

a20% a22%

*

preferred

Goodrich

Apr

37%

32 "A

42c

33%

Radio

Jun

a23% a23%

1

Co

Mines

Petroleum

f
■
'
Pullman

68% May

a22%

1

preferred

State

68c

45 % May

Equip Co com—5

McBean

Cons

Dodge

•*.

38

13% Mar

2

(Un)

Corp

Paint

Sep

10

59%

__

a54%

__

common

Kleiser

Motors

Jan

50%

Aug

a35 a36%

Jun

19 % May

33% July

a34% a34%

*

____•

Machinery Corp

2nd

5%43%

488

Jun

18% May
88

25

Pig'n Whistle conv prior pfd___:
Puget Sound Pulp & Timber

247

17

'

Feb
Mar

2.60

a36%

__)

Sep

864

160

9%

(Un)

Jun

Feb
Mar

605

(Un)

Corp Ltd

Food

Paramount Pictures

54

52
10

2,100

1,852

10%

100

32

1.55

61

10%

(Un)_.
(Un)

com

53

39%

57%

Jun

18% July
13% May

Feb

9%

4%

com

Co

Phelps

1.50

58'%

15

73

24%

Tel

Phillips

22%

5

Plantation Co

General Electric

4

cl

Share

Tele

&

Motor

Jan

20%

1

Capwell Co

Farnsworth

Tel

Jun

39%

_

__

25

common

Works
&

preferred

51

,

10

220

35c

r

60

86

17%

40 %

55

110

13%

86

17

Apr

22%

A

(Un)___!

Co of

Oil

Bond

1st

com

Feb

a34a35%

1*5%

13%

55

10c

I

Jan

15%

2.00

Feb

8!A

904

28

Apr

Feb

12%

155

56

120

47

Sep

2,125

138

606

10

6
1.55

17

49 %

51

53

a35%

lv
l"x

Amer

Co

Bridge

Kodak

Derrick &

Conv

22% May
6% May

all

137%

40

53

—

•

Inc

Oil Fields

Dorado

General

18% Mar

16%

55

30c

20% Mar

.

Corp

Chemical Co

Dumbarton

General

13 V8 July

10%

138

51

648

(Un)

Curtiss-Wright Corp (Un)
Cypress Abbey Co _J—

Donnnguez

8%

27

*

Mfg

Feb

26%

(Un).—.*

Ind

Corp
of

Jun

May

20

(Un)

Curtis Publishing Co

Doernbecher

7

-

2%

:

Chemical

Fruit

34

1,800

17

86

Pan American Airways
Paraffine Companies common

64%
24%

Jan

•

preferred

Giorgio

Jun

Aug

16 % Mar

25%

26%

Coppermines
_—5
Consolidated Edison Co of N Y (Un)__»
Consolidated
Vultee
Aircraft—

&

Feb

400

54%

30c

39%

__

13/64

Co

Packard

I

_____

Steel

Pacific

Sep

__3%

Elec

Zellerbach

Apr

41%

Pepsi Cola

2%

of

Jun

29 %

Sep

7%

Pac—

Broadcast System cl A

Creameries

4%

Feb

Pennsylvania RR Co

1

B

General

Feb

8%

16

1.65

zr

Feb

Oct

25

(Un)

Continental Motors

Service

Jan

Co

Co

&

Public

3

13

a6%

1.65

(Un). _10

com

23

100

.

Pacific

6%

2.50

Gas

Jun

9

Consolidated

Foster

590

a

.25

Feb

Apr

»

Consolidated

Food

19

100

Jun

•

&

.Commonwealth Edison

Eureka

1,350

common

Cement

7%

_•

Commonwealth & Southern

Ewa

12%

5

6%

14%j l4%.A. 580
(UnRi|Lictltg» % %—Vtt40% «40% A.i **'/. 25

Colorado Fuel & Iron common
Preferred
:

Emsco

Jun

11%

-25

(Un)

3.%

____25»,;

(Un)

Paul

Co

30

Portland

Preferred

15o

100

Service

Pacific

Oct

3,914

voting trust ctfs

Clorox Chemical

23%

Jun

6%

voting trust ctfs_

Emporium

21%

5

pfd

Corp

8%

*

Chrysler Corp

Electric

15% Mar

103 103 Vis

$5

Lighting
preferred

1st

5%

(Un).*

Co

Mining

Milk St

Preferred

El

600

•

.25

8%

America

Chesapeake & Ohio Ry

Eastman

19

a5 %

•

compron

8%

com—

common

Celanese Corp of

Dow

Jun

18%

10

preferred

6%
V;

Com

Corp

Ry

& Co

Common

7%

__

__—__50

Pacific

Caterpillar

Di

Jun

20

10

Aggregates

39%

30% Mar

May

65

14%

_100

Cons

Electric

&

Park Utah

Co

Packing

It

Crucible

51c

48 Va Mar

1

(Un)

Jun

320

_100

*

Preferred

$4.20

Sep

39c

469

1.65

•

common

,__5

Mills cap—___

Pacific Trading

California

23%

a30% a30%

1

Cement

California

23%

*

Sugar
Cotton

a61% a61%

__

2%

Gas

Oct

Feb

40%

„

Pac

Pacific

26%

90

Crown

Mar

24c

J an

3 V8 Mar

14,600

1

Fisheries

May

155

175

26%

15

Coast

redeemable

16%

4,556

Rights

18c

May

17%

Jan

19

.____1

.

American

5%

Jan

3%

Hill

Pacific

July

360

11%

26%

Calaveras

;

1.15

25c

*

;

(Un)

1st

42

3%

Columbia

13% Mar

31

18%

2.60

Co

6%

Sep

26%

Class

774
800

36% July
16% July

Feb
Mar

12%

Oil

Oil

Jun

38

a41% a42%

Columbia

14

2.25

9%

19

j

Aviation

38

Mar

5,985

Cities

24

59 %

5

Jun

7%

350

16%

a36% a36%

__

230

16

Borg-Warner

Oct

15 %

13%

Byron Jackson Co

Sep

Oceanic

3%

(Un)

119%

May

15%

Chicago

32% Mar

69

350

Jun

May

24c

Sugar Co Ltd cap (Un)__
20
Occidental Petroleum _________'_______l/:

May

—2

Central

20

18%

Oahu

9

Holdings Corp (Un)_____
1
Boeing Airplane Co
cap (Un)________5
Co

May

24

a4%

__

Blair

(J

25

24%

Oct

58%

59 %

10

(Un)

'

Feb

15%

Jan

15

al4% al4%

a41%

•

Bishop Oil Co

32%

Sep

1,275

Case

8%
14

4,100

(Un)

Jan

14%

28c

24c

Oct

35Va

23% May
10% Apr

27%

a

23c

23c

26

Feb

Sep
Feb

215

34% a34%

Oct

Jan

Apr

32

50

nl4%

15

15%

235

2.10

(Un)_

Oil

Feb

39%

Canadian

22

a

•

,'i

Co

American

North

5%

8

*

37%

California

9%

al5Vaal5%

—

13%

(Un)_

i

405

'

39%

Calamba

9%

—

10c

Co

Corp

preferred

6%

a4%

5

(Un)

Feb

303%

100

5

31

__

—20c

Bethlehem Steel

Bunker

50

22

.

1

Prod

Service

American

67c

57% Aug

7%

al4%

(Un)

Mar

Pacific

U

_____

Aviation

Borden

26

229

13%

(Un)

Mining

American

6'A

7'A

(Un)_—__100

—

::

37

420

'

117% 117%

__

3

1,019

a21% a21%

__

2.50

(Un)

Ohio RR

Oil

Oil

37V2

28%

100

California N A__

Barnsdall
Basin

__

20

(Un)

Bandini Petroleum
Bank of

48

5

Fe

Engine

Locomotive
&

45%

__—______5

Diesel

Corp

Baltimore

46

50

(Un)

Santa

(Un)

Imperial

Avco

282

35

15% al5Va

•

North American Invest com

Anglo

26

34 %

1

Lode

Distillers

43%

27

Fibres

Auto

National

930

27%

(Un)

Corp

51

45%

5

...

Cons

59% July

Oct

44

a

*

Co
M

Feb

8% Feb

Mar

10%

Airlines

American

American

&

43

''

■

1

Mfg

M

333

1

common

Navigation

&

7

High

3,155

26

•

H)

Low

107/e

35

Calculating Machine

Mindanao

io%

American

Amer

23

Shares

(R

10%

al5%

Corp

Range Since January 1

High

a59% a60%

*

1

Libby

&
Morrison-Kndusen Co

for Week

Sale Price

J

&

Montgomery Ward

Sales

Low

45%

Co

Marchant

Exchange

Friday

Par

__5

(Un)

Magnavox

M

STOCKS—

10%
a60%

Inc.—

Aircraft

Inc

Menasco

1

,

Low

10

<R G)

McNeill

Matson

San Francisco Stock

Shares

•

(Un)

County Land Company

Libby

HONOLULU

-

for Week

1

Corp

Langendorf United Bk class A

Teletype NY 1-579

LOS ANGELES

-

Copper

LeTourneau

principal Security and Commodity Exchanges

Telephone BArclay 7-4300

Corp

Leslie Salt Co

'

San Francisco Stock Exchange
Los Angeles Stock Exchange

14 WALL STREET, NEW YORK 5, N. Y.

(

Sales

Range
of Prices

.

Par

Kaiser-Frazer

Dean Witter

Week's

Last

Sale Price

STOCKS—

(Un)__l
20

(Un) _*
*

2.00

a33%
__

40

1.95

2.00 r

a33% a33%

31"%
40

31%
40

1,255
150

200

150

3.50

34

Mar

Western

Department

Jan

Western

Pacific

22%

Jun

Western

Union

19

Sep
1.90 Apr
31% May,
25

May

Mar

,2.85

Jun

Westinghouse

RR

Stores
Co

com____

Telegraph

Elec

Willys-Overland

Corp

Motors

35
(';} J.

sepyr|!'

Jun

32

July

Yosemite

42%

Woolworth

(F

W)

(Un)

,

Portland

Cqment

19

*

a31% a31%

50

33

Jun

33

Jun

19%

*
12%

29%

19%

150

18%

Oct

24% May

28 %

29%

320

25%

Feb

33 Va

Jun

1

9%

9'A

285

Feb

11% May

10

45»A

45'A

345

45

Sep

49

—25

(Un)

(YflUow Cqb Co preferred

Jun

(Un)
(Un)_.

50c

23%

23%

220

23%

Oct

27%

18

Apr

pfd~k__-10

'

19

19

19

482

8%

19

Jun

Feb

Apr

39

40

THE

(1724)

&

COMMERCIAL

FINANCIAL CHRONICLE

Monday, October 25, 1943
'<
r *

•

for week ended

range

Canadian

'. Sales

Range

for Week

Sale Price

of Prices

Shares

Breweries

National

T/o
Range Since January I

preferred

Low

*

common

_

42%

National

Steel

Noranda

45

Jan

41% Mar

45%

Apr

100

10%

13

700'

18

43

25

11%

22%

23 %

Mines Ltd

37

4,199

42

11%

5

High

Low

High

42

Drug & Chemical pfd

Range Since January I

Shares

2'.'2

4

_

National

for Week

of Prices

Par

Week's

l

Sales

Range

Sale Price

stocks—

Funds

Last

stocks—

Week's

Last

Exchange

Friday

•(

october 22

Friday

Montreal Stock

✓•••*.

MARKETS

LISTED

CANADIAN

:

'

Mar

Sep

Jun

"

'*•

'

' v■" Par

V:

Low

High

12% Mar

19% May

High.

;Low

Power &

$1.50 preferred

•

3,101

19%

19%

17% Mar

38%

3%

36% Mar
785

21% May
,39

16 %

Sep

Apr
24% Oct

98

;

Oct

101% July

•

23%

100-

100

9%

9%

335

7% Mar

9%

•

Ahzoma Steel

56%

2,525

33 % Mar

56%

Oct

.5

v

-.

7%

•

.

Corp

Ltd

common

43

Feb

65%

Jun

205

24

Feb

25%

Apr

9%

9

9%

100

6%

6%

7

915

35c

35c

700

27%

26%

27%

1,055

24% Mar

29% May

Power

21%

21

21%

1,525

17% Mar

22%

Sep

Corp

Bathurst Power
Bell

&

Telephone

Paper class A

Oct

new

Jan

25

43%

43%

43%

3,908

Sep

*

7.40

7.40

7.40

25

7

July

Brazilian

Trac

Light

Power

•

19%

19%

20%

4,936

17

Feb

Co

&

Note

*

16%

16%

50

American

24%

1,868

26

215

common-it-

Oil

Preferred

»

24%

23%

____25

British

Columbia

British

Columbia

Forest

Products

British

Columbia

Power

Corp

4V

Elec

pfd

25%

i

88

88

88%

19

Penmans

Powell

Class

B

3%

3%

Feb

25

May

Jan

27 % May

88

5,050

26

56

Class

B

Gold

Burrard

Oct

96%

Corp

Docks

Canada Cement

$1.30

cl

190

16%

16%

7%

Northern

Steamship

Corp

4 Vo

21%

23%
28

481

Canadian Breweries
Bronze

47

47

14

14%

485

16

16

16%

595

90%

1,377

58

•

Canadian Converters class A pfd
Class B
:

pfd

90 %

85%

3,524

48

39

260'

29

Feb

61

550

60%

Oct

67

45% Aug

Jun

39

May

37

Feb

3,363

11

Feb

17

1,319

54% Mar

68

Jan

93% Mnr

100

July

1,090"

98

85

11%

15%

4,390

16%

-

Apr

17

.

98
15

Sep

22
103

61

44V4

15%59%

.__

17

414

11

50

Oct

15 %

Feb

10'%

May

14% May

11

Oct

98

98

46

96

Sep

101

102

102

20

101

Jan

102 % May

11

Mar

common

-i

9%

9%

9%

Sep

11

Sep

.49

preferred

24%

'24

24%

615

24

Sep

27

Aug

1

14%

14%

14%

1,275

12

Aug

15%

Sep

80

Aug

85

Aug

40%

Aug.

.

_

_

St

Lawrence

.

99

13

130

13

Apr

14

310

12

Jan

14

25

Jan

30

preferred

Breweries

Jun

45%

46

872

44% Mar

49

25

25

25

22

Mar

27

Apr

15%

485

12

Mar

16%

Jun

Chemical

•

•

common
.

Biscuit

Cotton

May

21

May

16%

Feb

20

Jun

8% May

5% Mar

Jan

80

10

Oct

97

81

Oct

83

Sep

81

775

67

82

270

72

Mar

520

% 5

Mar

101

Feb

101

101

101

13

17%

*

common

new

16

7%

7%.

7%

July

Feb

Feb

80 %

'81 %

9

.100

preferred

5%

.

Wabasso

81

Oct

17%

2.955

80

80

25

Corp

'7% %

6%

—

Sep

24%

11% Mar

90

7%

.100

Dreferred

Steel

18

48

:

20% Mar

335

18

:

55

18

-

_

common

Canada

of

15%

IP

Vr.

•

Power

■

15%
—

preferred
Co

15%

•

Canada

Viau

3,352

_9

—

■

18% May

24%

15%

.

__

Co

7%

23%

—

certificates

United

663

—50

_

9

common

Press

Steel

1.445

45

24%

■

84%

46

»

corn-

_

trust

5%

Oct

25

4%

Power

84
44 %

Williams of Canr com.

Standard

Oct

26

&

Southern

Jun

90%

A

84

44%'

.

___

Water

9%

350
*

Co—

Paper

preferred

preferred

Voting

Sep

18%

Feb

July

'18

15% Mar

100

preferred

Southam

Jun

26

13

25

Sep

100

Corp
preferred

Sicks

Jan

13%

20

_

Feb

100%

common

Lawrence

Series

Oct

15

Mar

Paper

Sherwin

Jun

23%

9% Mar
15

Jan

15%

10

61

preferred

Shawinigan

Jan

14%

Feb

34

lid

25

17.5

44

17

1st

Oct

42

17% Mar

21%
14%

Aug

248

16%

Power

2nd

Aug

II

Mar

20

common

6%

21%

23 %

Mar

•

44 %

43

60%

Sep

30

35% Mar

20%

*

common

Cottons

9

2,845
170

>.

Oct

8% May

Jan

11

60

14%
36%

9%
13%

•

j

Canadian Car & Foundry common
Class A

Canadian Celanese

9%

13

36%

•

Sep

103

10

1st

July

18%

Sep

27

18%

Mar

20%

44%

Sep

36

Feb

14% Mar

4,480

27%

Sep

171

Jan

16

20

.

Canada

of

162%

4

75

103

Co

2nd

Sep

6%

Sep

7%

23

50

3%

15% May

27%

*

common

5

common

Saguenay Power 4%%

Sep

20

Sep

28%

50

»

Power

17%

59

7%

20

preferred

Canadian

400

34

7%:

*

A.

common

Canada

Canadian

6%

5

Ltd

preferred

Canada

5%

6%
33%

3 %

168

18%

28% May

Jan

27%

Feb

2% Mar

25

6%

—

Co

168

20

preferred

Quebec

4% May

2% Mar
24%

526

17%

33%

*

____

Dredging

Dry

3%

17%

3%

*

____

Building Products
Bulolo

*
*

partic class A__

Oct

Tubes

Ltd

River

4%

,.

St

Bruck Mills $1.20

23

10

Provincial Transport

Jan

20%

10

26

-

*

A

741

22'% May

16 % Mar

24

3%

100

cl

24%

Light, Heat & Power com

Rolland
British

Oct

23

24%.

18%

prelerred

Page-Hersey

Jun

11

:

5%

Jan

66c

Mar

44

common

British Amer Bank

7%

5% Mar

Ottawa

Feb

13

Oct

9

30c

43

Bralorne Mines Ltd

Jan

54%

Price Bros & Co Ltd common

Warrants
Asbestos

25 %

Mar

21%

38

1,735

25%

•

Amalgamted Electric Corp
ArgUb

59

25%

•

pfd-.-..

Sep

43

42%

57%

25%

*

i'/e

300

3,071

Ottawa Electric Rwys

59

Can

21%
54 %

common__

25

___

of

21%

52%

100

Products

•

Ltd

Co

21 %

_•

preferred
Steel

May

26

Mar

% 54

35c

Aluminium

Aluminum

9%

—*

Ogilvie Flour Mills common
Ontario

Agnew-Surpass Shoe

23'

Oct

52

100

preferred

3,301

38%

:

•

A

17%

16 Vb

38%

20

class

17 J/4

19%

20

.

$2.50 preferred
Acadia-Atlantic Sugar

5%

•

Paper common

Car

Corpi.
Niagara Wire Weaving

•

Abitibl

17%

17%

750

17%

8% May
Feb

101

18%

Oct

Sep

■

Canadian

Foreign

Investment

♦

31%

Alcohol class A

Canadian Ind

*

13%

Class B

;

31

•

Oil

Canadian

Pacific

Cockshutt

Companies

30%

27%

*

common

Railway

13%

25

Plow

•

Rights

,

17%

16%

10

235

10

31

10,065

20% Mar

31

Oct

13%

50

11% Mar

15

Jan

8,201

12% Mar

21% Mav

17%

12

14

30c

13%
95c

7_,

2,400

13%
,

Canadian

Walker

May

113

13%

13%

♦

Canadian Locomotive

13%

36

26 % Mar

31%

13%

1.00

7,229
<

4\,*78

Mar

14%

Mar

10

Feb

30c

*

Oct

Oct

1.00

Grocers

(George)

Winnipeg
5%

Oct

Oct

•

Worts

29

_

24%

■

*

:

common:

preferred
cqmmon

Oct

May
Jan

17% Aug

21

20 %

Feb

31

96

Jan

99

Oct

23

34%

Apr

45

May

120

25 %

18%

220

31

7.057

98

99

211

40

40

25%

—

—

22

28

28 x4

_

5&-- preferred

Oct

22% Mar,

18%

.100
a

Zellers Limited

Mar

22

75

99

___

_

24

50

30%

a

Electric

24

695

%

22

_

common

.25'

25%

25%

31% May

29

22

27%

a

Ltd

*

Wilsils Ltd

16% Aug

124%

Gooderham

Western

Weston

14 % May

Oct

27% July

Aug

•:£
Consolidated

if

Consumers

Glass-

Cork

Crown

Mining
&

&

Smelting

Co_'__

Ltd

124

119% 124%

<■

;

_

Seal

Davis Leather Co

5

A

1

''

32

__<■

class

91% Mar

2,877
1

32

Mar

38 %

50

33

Mar

37%

Jan

190

22

26

10

Jan

35

22% -23%

23%

32

34

34

*

Banks-

Jan

Sep

20%

10

22%

—10

Montreal

20 V*
22 %

Distillers

Seagrams

Bridge
6%

Dairies

common

Coal

&

19

2,730

16% Mar

30%

30

30%

450

27

Feb

20

20%

175

16

Feb

class

35%

205

24%

1.993

23

% Mar

34

295

32

Sep

34%

24%

24%
24

*

7%

66

Oct

10

Stores

7%
26

26

50

23

Feb

28

Jan

33

34%

525

30

Feb

38

Jun

25

Ltd

Dominion Textile

18%

17

18%

13,041

14

Feb

23

24

75

23

Mar

22% Mar

27% May
13 % May

8%

7% '.preferred

Dry den

pfd

Paper

Electrolux

100

11

Feb

167

165

Mar

170

Funds

40

98

May

105

Jan

100

100

25

4.16%

25

25

10

16%

16%

100

21%

21%

25

16

16%

630

pfd_—.25

29

Oct

stocks—

Acme

Gatlneau

Power

,

*

16%

Anglo

23

Jun

preferred
5Vu% preferred

100

—

Steel

60

17%

100

19

16%

24 %

Oct

Jan

General Bakeries
J

5%

Steel

Ltd

]

Wares

85

100

Sep

108

Jan

111

10

107%

Apr

III

2%

15%-

preferred

15-%

100

4%

Lime

&

inc

pfd

2%
15%

75

2

455

14

Jan

17%

Feb

101% 101%

35

101

105

Apr

52%

52%

52%

45

50

17

16

17

860

13

CIRSS

Jun

*

52%

Jan

*

j.

Mar

17

Oct

B

Bridge

*

9%

8%

9%

892

6%

Feb

*

34%

33%

34%

520

23%

Feb

35%

Sep

56

54%

56

3,686

43%

Jan

56

Smith

Hudson

19%

18%

19%

15,002

19%

Oct

12%

13%

2,424

25%

25%

35

Bay Mining & Smelting

Paper common

i

Oil

Ltd

4%
Indust

5%

preferred

25

-

Acceptance
preferred

Corp

new

International
$4.00

Nickel

Paper common
Petroleum

International

Power

International

—

21%

22

Co

Ltd

9% May

Company

Jamaica

Public
the

lr/o

of

preferred

Laura Secord

Lewis

Service

14

Mar

12

Bros

1,040

20%

Canada

Dredge
Food

Gen

25

Sep

Dock

&

150

99 %

Oct

103

20

Sep

27

Jan

Canadian

Ingersol

6,345

29% Mar

39%

Jun

Canadian

Light & Power
Marconi
Co

64%

65%

2,205

46

Mar

103

103

10

95

Mar

13%

13%

13%

12,972

'11

Mar

16%

Jun

48

48

48%

407

39

Mar

53

13%

1,475

13%

13%

70%

10% Mar

12%

12%

12%

25

Jun

July

13%

11% Mar

27 %

27%

27%

20

27

Feb

___100

155

155

Oct

155

*

155

4

14%

3

14%

50

14%

400

14

__

Jun

Silk

Canadian

_J

•

(Robert)

Molson Breweries

*
Ltd

*

...

Vickers

Canadian
cum

Jan

14

Canadian

Montreal Cottons

Ltd

Telegraph

Montreal

Tramways

40

100

page 44.




14 %

Ju.i

16

14

30

13%

Sep

16%

155

11%

Apr

14%

Jun

4% Mar

8%

Aug

122
xl56

14
12
7 *!'4
123
xl56

5

5%

109

108 %
4

12
7

5%

-

150

19

*

*

—

__

•

__

1.34% May

25

156

Oct

188

3.460

3% Mar

109

460

78% Mar

5

630

4

15%

76
33

77
33

25

Oct

16

11

1,625

9

Feb

7%

1,200

5

Mar

22 %

23

4,061

16

Mar

14

13%

14

2,630

July

9%

Sep

23

July

Chateau-Gai

Claude

Commercial

pfd

Ltd

Wines

General

Neon

Adv

Ltd

Alcohols

—

—

35

"

9% Mar

18

18%

185

16

Feb

21% May

34%

35

725

34

Feb

38

39%

39%

1,000

38

Feb

17%

19%

19,365

14

Mar

50

50

1

45

Jun

33

30

Apr

39%

50

39%

Mfg—*.

May

Paper

Consolidated

Textile

40

Feb

&

Dominion

Frere

Corp

Oilcloth

&

Oct

Dominion

41

Jun
:r'0

Donnacona

&

Paper Co

A—.'

Ltd

3 •:

Sep
Jun

July

10

Mar

14

Jun

22

Mar

25

Jan

47%:
59
132
138
3%
3%
50% 51%

2,490

20% Mar

59

Oct

Feb

190

Oct

115
35

38

20%

*
50

35
—

•

__

,

■

Apr

Apr
Feb

2% May

4% May
51% Oct

5

115

Oct

130

35

50

26

Feb

35

Oct

25

7% May

8

Jun

115
7%

27

10

20%

8.716

31%
32
37%

35
32
38 %

27

3 %

435

11%
55
7%

—

130

526

17%

11%
—

.

-

1 %

4,515

7%

__

7

*

77

39%

10

•

Worsteds——*

Feb

326

10%
55
7

——*

Dominion Square Corp

Sep

Woollens

com

Linoleum

19%
50
<

class

Jan
Mar

.125

37/a

•

Ltd

Mills

Limitee

8

1.45

Jun

Jan

24

154

.—

51
14%
20

20%

15

7% Mar

35

46 %

Apr

3%

Feb

20

Jan

Jan

11%

Oct

65

Aug

7%
28

Sep
Mar
</

]43/4 Mnr

21% Mav

500

.

.

9

Feb

35

Oct

50

30

Feb

3&

Jan

225

51

15
20 %

%

975

16% May
Consolidated

61 %

20

18

24%

2.00

*

common

15% May

Feb

2%
10%

59
137

—2

—10
:
*
pfd.—-100

Aug

19% Mar

630

Apr

10%

Jan

1.95

35

14

7%

Jan

25

2%.
10%
24

—

Products

Food

Oct

50

2%

preferred
—100
Ltd com__J
»

Catelli

23

Jun

Aug

2.00

•
100

Ltd

7%

13 %

29

10%

*

A

115

Oct

Jan

14

2.230

—

Feb

Apr

6%

18% Mar-

25

14
16 %
23

Oct

44

65

14
16
22%

—

Jan

Feb

175

A_

Jii.l

74

1,415

Ltd..,

1

45

22 %

50%

Cassidy's Ltd

I—

see

10

*

Jan

32%
160

■

For footnotes

15%

21%

Lumber Co

Western

Jan

10

25

...

Jan

47% ,49%
19
19

common

Apr

19

preferred

Locomotive

Montreal

1.00

21%

preferred

17%

.

David

Montreal

Aug

49%

class

Products

Consolidated Lithograph
Oil

35c

I'V'tt

Co LtdCo__

13% Mar

23

Massey-Harris
McColl-Frontenac

Co

Canadian Westinghouse Co

7%

10

B

Mitchell

300

—

*
100
Canadian
—1
Canadian Pr & Paper Inv Ltd com__*
5%
cumulative preferred—
*
Rand

Chatco Steel Prod Ltd
Class

Oct

35c

7%

Jun

MacMillan Export class A_
t

17%

May

215

38%

*

...

17%

Apr.

•
Ltd—*

Canadian Industries common

20%

106

Oct

12

16

*

class

Products

Investments

99%

*

.

t

Sugar

35%

65%

Jan

Jan

125

4

Dominion

Canadian

6%

3,700

—

100

Malting Co Ltd

Canadian

Jun

15 %

cl A—*

-

&

Sep
Jun

13%

35c

—1

Ltd

Jan

14

Oct

Ltd

Candy —

*

,

1

23%

17'.'2

—1

20%

5

Ltd

Mar

common

25% May

Jan

24% Mar

common

Woods

4

30

:

12

__

Preferred
Burnett

7%
Lake

5%

10%

xl56

99%

*

Corp

5%

—*
—20
—_;—*

100

38

___#

Utilities

B__*

cl

__

20%

__■>

International

Mar

Pulp & Paper com—♦

Preferred

99%

15

preferied

10

Packers Ltd

*

Canada

550

i

—25

pfd

of

12%

Vancouver—5

of

100

International Bronze 6%
International

13%

22

com

...

12

^

Canadian

Imperial Tobacco of Canada common_5

■

12%

~

Columbia

British

Canada

Imperial

Apr

Oct

*

*

Howard

15

13

Jan

1,350

May
Brown

Hamilton

A

Ltd

Distillers

&

Columbia

British

Jun

4

Sep

50

1927

Alabastine

9

23

Oct

'

Goodyear Tire
Gypsum

*
*

common..

class

Brandram-Henderson

103

Brewers

General

275

5

Hosiery com
Ltd

Millen

&

High

11%

22

Ltd

Co

Paper

&

Low

11%

•

preferred

Brand

111

--

&

Glove

Range Since January 1

High

22

Limited

Pr

Belgium
5%

Jan

20

Mar

Low

July

18% May

103

103

—_100

24

17%

15% Mar

Shares

;

Co Ltd

Nfld Develop

Atlas

18% May

21%

23%

23 %

•

common

5%

•

for Week

4

Ltd

Works

Glove

Bathurst

Famous Players Canada Corp
Foundation Co of Canada

Sales

Range
of Prices

y

Par

May

14% Mar

Week's

Last

Sale Price

Friday

i

July

i

;

(T H)

50

3,360

*

;

Corp

Estabrooks

168%

25

11%

168% 168%

11%

100

Donnacona Paper 4 Ms %

Jan
Jan

Montreal Curb Market

Jan

25

•

—

26%

11%

*

common

Feb

25%
38

19% May

*

common

.

37%

33% Aug

Jan

7%

33~

Canadian
Dominion

Dominion Tar & Chemical

Jan

25

21% Jun

*

B

Jan

28

3,075

35%

10

33 % May

20%

23

Feb

21

25%

10

Royal

22% May

»

....

■;

common

Dominion Steel

18

25

preferred—.

Dominion Foundries & Steel
Dominion Glass

19

*

Dominion Coal
Dominion

»

Jan

Aug

1,085

25

10

Dominion

21%

Jun

20

39

22

.

25%

33

Feb

39%

Jun

37%

Feb

55

25

' 100
398

July

10% Mar

18%

19%

23% May

Oct

Jun

.

.

••

.

Volume

168

Number 4745

THE

COMMERCIAL

CANADIAN

&

FINANCIAL

LISTED

RANGE FOR WEEK ENDED

Friday

Week's

Range

Par

Eastern
East

Steel

Products

Ltd_.

Esmond

Mills

Ltd

—

loo

Motor

Fraser

oi

class

Companies

Great

Lakes

Class

A

Halifax

A

G'/i

Lowney

Co

Ltd

*

Mica

&

*

''

Ltd

Mills

Co„.

Co

24'/a

Oct

28

7%

13

7

Mar

8%

Jan

52 V2

Jan

11V2
40

Oct

.••/.• :31'.

12

Jan <

'/'/19

'«J44

12

Mines

•

12%

36

1,495

25%

."Mar

10%

730

.

.

V2

.

394

Oct

Bcaulieu

13 Va

Oct

1.10

24

25%

700

?n

...

H

Cheskirk

Apr
Feb

75%

lVw

9%

60

5

5 Vt

110

110

54%

54%

9V2 Mar

5

17

210

17%

15

A.

110

3%

5

Ltd

Area

Red

Goid

Gold

52

Feb

Jan

Athona

Mines

Jun

39

18

625

15

15

20%
18

*17

1712
34

110

-42c

Sep

18

124

Elder Mines

12%

Lake

37c

14

16

Sep

8V2

23

Auto

9

14

Apr

Apr

53c

Mines

Lake

Louvicourt

L.

Cons

Gold

18c 18 %c

of

1314c

1,000

13c

Oct

16 V2c

57c 57 % c

1,200

48C

Aug

72c

15

15

500

41,200

6c

6 %C

1.75

1.75

6%c

;

1.09

Mar

3.0U

Jan

70c

Aug

55c

Mar

12c

Mar

3c

3 %C

6,500

3c

Jun

5

%c

5%C
2

6c

1

%C

3c

43c

6,000

43c

6,800

6c

Mar

10c

79,100

4c

Mar

49C

56c

24,100

33c

Sep

12

12 Va

2,495

13c

11 VaC

13c

6c

20c

80

8,200

15c

5%

5%

520

4%

Feb

5%

Oct

8'A

9

420

71a

Aug

9

Oct

22 VaC 2314c

6,500

'

15c

8VaC

10c

4,500

8Vac

Oct

24c

10

7c

500

25%

I,215

25

Feb

28

35

Jan

35

35 Va

435

33

Aug

37%

Feb

35

33 Va

35

825

32

Sep

38 Va

Jan

54c

Sep
Aug

Jan

10

100

8.50

Jun

12

26c

5,000

26c

Sep

26C

Sep

20c

Ltd.

20c

1,000

20c

Oct

20c

46c

1,700

25c

Mar

56c

6.00

5.75

6.00

2,300

6c

6c

500

11 Va

11%

110

-

35c

34c

:

Oils

common

•

Bruck

class

A

Mills

35c

6c

-

class

84c

84c

Buffalo
Buffalo

Red

50c

Aug

1,000

80c

May

88c

Mar

Feb

&

1.18

Burrard

Jan

1.75

class

1.55 Mar

3.05

1.74

2,600

1.50 Mar

2.17

4%c Aug

7%c

Jan

Callinan

Flin

3.05 Mar

5.20

Oct

Calmont

•

*

A

5c

5.15

5.20

--

-

500
400

•

Oct

Calder Bousquet

&

•

70c

1,000

69 %c

Oct

67c

6,100

57c

Mar

89c

Feb

7%c

19,200

6c

Oct

A 65c

Jan

7c

1,000

6c

Apr

77c

6c

7c

—

lie

15(4

50

13

Canada

July

2c

2c

1,000

2c

Sep

6c

Jan

12c

6,000

8c

Jun

17c

May

8'be

7c

1.50

1.34

1.50

3.050

1.01 Mar

2.43

1.50

.2.30

2.45

3,200

1.45 Mar

3.25

36c

36c

Red

Lake

Cement

1
*

common

Ltd

9c

8,500

7c

Oct

17c

Northern
Packers

Class

see

41

Ltd
•

—

Mar

page

44.




100

17

50

17

19%

19%

2014

3,833

17

Feb

5

110

6c

6c

1,000

24 Va

23%

2414

3,645

26

114

114

Oct

12

May

18

Feb

Jun

Aug
Jan

27% May

45

89"

23%
8714

Oct

99

3%

150

7

225

26'A

25%

26'A

3%

3%

314

450

2

Apr

23c

20c

23c

29,100

16c

Feb

30c

30c

4,000

25c

Julv

/ 3,450

3

Mar

4 %

Apr
414 Mar

17%

24%

150

25c

9,800

17'A
15c

Jan

Oct

July

1.95

2.05

2,800

1.25 July

8'Ac

11c

12,500

9c

9c

500

6c
Aug
6VbC Aug

33%

33%

45

Apr

Canada

300

35c

Apr

50c

Apr

2,517

50c

Mar

67c

Jan

99c

Mar

2.08

Jan

6%c

2,000

5c

July

1914c

Sep

2c

Oct

63c89%c
2c

3V2q

376,700

2c

3%c
9.25

9.25

1,500
...

1,500
100

2 VaC Aug
4.75 Feb

Steamship Lines

Jan

2.40 Jan

15 %c

Feb

25c

Jan

28 Vt

Feb

35% July

13

14

715

11

Feb

15

30 Vt

-?•//' 42

21

Apr

31 Va

18

18

18%

290

13%

Feb

21

Sep

7%

7%

50

7 It

Aug

9

Jun

7c

Aug

15c

Feb

■

10c

10c

1,000

&

Cable

Oct

Canadian

Oct

Canadian

60

8%c

6%c

10c

8,800

6c

Feb

18c

Jun

50c

45c

52c

21,000

34c

Mar

65c

Jan

2.55

2,65

3,100

/'■/^//
23%

21 Va

28

5%

6

47

47%

23 Va

27%
--

47%

14 Va July

3.65

2.15

1,761

Apr

16%

common

3.00 Mar

14% Mar

23 Va

27

Anr

29

July

5

Feb

7

May

105

9

9%

33

33%

17

17

17

182 182 Vt

43 %

80

17

*

14%

class B_*

Apr

Canadian

Canners

Bank

of

53% Jan

9

Sep

11 Va

Jan

695

33

Sep

38

Apr

15% Mar

/ 18

Jan

180

Sep

201 Va

Commerce

14%

3,090

11

Sep

14Va

Oct

36%

281

35

Feb

42

Jun

21 Va Mar

31

Jan

8

Aug

20

26

26

30

7

7

7

30

5

1,235

10

22%

22%

22%

*

preferred

21%

20%

21%

•

18

18

18Va

25%
18

20

-

•

18

2.75

,

5.50

6.20

1,600

14c 15%c

29,000

1.80

9.35

1.91

10

5,100

4,625
9,250

1.60 Mar
3.75
11c

1.25

5.20

3.50 May

Feb
Jun
Jan

1.40

1.50

500

75c

7%c

11,000

5c

27

650

10

July

26%

16

Feb

Car

common

21

July
17% Mar

23
24

Jan

730

16% Mar

22

May

25%

150

23

Apr

18

1,085

17

Mar

Celanese

Oct

:

Class

10

.

27

Oct

..

.

'.Canadian

Jun

Jun

14%

14%

365

Mar

14%

Jun

16

16 Vt

245

15 Va

Apr

18%

Jun

90

85%

90

430

56%

Feb

90

Oct

*

20%

19

20 Va

305

16

Mar

25Va

Jan

9%

220

8

Mar

12%

Jun

,

Indus

Alco

Locomotive

class

A

*

9

9

*

A

Canadian

28

21%

16%

13%

13%

13%

10

100

common

Preferred

Feb

14%

Jan

*

common

Canadian Dredge

1.82 May
16c

•

/

20

A

Canadian

Jun

Canadian Food Products

Mar

7c

32c

2.25 May

Feb

1.50

Class

7.50 May
v

Mar

4,257

,

Canadian

Jan

12%

36%

"

common

Oct

589
u

*

.'

Sep

7.60 May

200

9

/

Feb

255

—>

33%

100

Breweries

Jan

1st

Jan

July

16,115

♦

Bakeries

2c

9.40 Aug

|X*,

Sep

99c

30%

50

9c

89%c

:

Jan

20'A

Jan

34c

37c

Sep
May

30%

*

A____

Preferred

Canada Wire

3%
35c

6.50

*

Power

class

Permanent Mtge

12,110

May

Sep
8% Aug
27% Sep

13%

Oct

Canada

Jun

Jan

14%

11%

360

18c

10c

7%c Jan
'25

345

12%

1.95

22% May
118 Va Jun

Feb

3%

17 Vt

Jan
Feb

12%

25c

Feb

6c
11

Oct

714

4c

24'A

Sep

20

—♦

52c

2.58

27

Apr

3c

6.50 July

16%

a

B

1.50

51c

7l/aC

—

Omnttra'ns Exploration
Royalite Oil Co Ltd

22

5.4Q

*

i

Canada

Canadian

10 1

200

7%

20
—

/ Canada Malting

6c

1.90

/•

23
4

16%

1

Machinery

1.40

•<

15%c

Jun

1

Preferred

Canada

14%c May
15% Oct

11c

2.74/
*

Jun

•

Flou

Canada

*

Feb

5c

6.25

Aug

Campbell

15(4

2nd pfd
Edmonton

Conv preferred

!

29c

17

0

Calgary

58c

Jan

57c

7%

1

Linen

Jan

69 %c
67c

«

714

*

Oils.

1.74

5c

:

Oct

Jan

May

17c

Apr

6,500

*

!

Caldwell
1.70

28c
.12

Sep

Oct

4,400
14,440

__

13c

2,850

3%

•

—

3.05

;1

Feb

16c

7.50

*

*

1.75

;

Feb

'7.10

1

Co

2.82

.1

7.50

♦

Lake

1.65

.

,

2%c

500

4,500

14% Mar

28c

Oct

18% May
60c
Feb

Mar

VaC

i

Canadian

Feb

3.05

38c

4c

41

1

Jan

1.75

51c

23
4C

25

•

A

7.65

Oct

10% July

8,500

85c

1.50

Aug

) Oc

1,000

3c
20c

,

>"■

8.90

*"

13c:

,10%

13c

3c

Oct

II,200

11c

18c

18VaC

/./:"/'' 140
'•/ 2,600

11%

13c

18C

87 %

—1

Burns

.

14c 15 %c

11%
10 VaC

25

•

Ankerite

13c

4.45 Mar

A

Building Products
Burlington Steel

>1

15c

11 Vn

87%

Products

Buffadison Gold

Jan

"

*'■'

100

pfd

Broulan Porcupine

Jan

0

Ltd

footnotes

*

*

1.45

;

Gaspe Oil Ventures Ltd

75,800

1

Oil

1.90

—1

27c

.1-1

B

Dominion

Mar

__1

Lid

Oct

4

Pow-er

July

*

:

17

common

Forest

Columbia

42c

H

Corp.

43

18 VaC

7

40c

——50c

Ltd

18

18
27c

a

34.400

—50c

1

17%

*

Packers

49,150

1

Ltd..

44

Oct

*

Oil

Columbia

58c

-A

Ltd

25c

Sep

6.00

»

Electric

1.05

——1— _il

(1944)

Oct

42%

600

1

52c

1

Ltd

7Vac

7,466

...

88C

_j1

Ltd

Jan

5,500

6.10

*

58c

1

Jun

Mar

43%

-

94c

.1

41%

25

1

—

Apr

17

8 Vac

*

Lake

1

-

38 Va

6.00

1

Columbia

British

Sep

1

——A

Oct

45

:;•/ V.5(L.

17

7%C

1

Class B

Ltd

22

41%

Oct

43%

_'

Mines

•

Mines

21%

15%

8c

;

1

Lid

Mar

41%

251

43%

1

"_1

1

9c

15%

21%

4114

1

Columbia

Buffalo

1

363,361

Mar

15%

1

Ltd

American

British

Oct

4Gc

46c

Mines

53c

8c

25

Gold_I.

Corp

40c

July

Jan

26c

1

51c

5c

1

(new)

class

Red

Class
10c

23'Ac Oct

7c

•

Class B

Jan

Oct

8 VaC Mar

Feb

25

Pershing

British

Feb

5c

Sep
Jan

4.00

10

-

class

Kirkland

Co

British

Jan

2,000

16c
25c

Apr

25 Vt

Mines

British

••:/:. 6 Vie Mar

5c

Apr
Sep

3.00

10

Preferred

Feb

93c

Oct

Jun

4.100

Brazilian Traction Light & Pwr com—*
Preferred
100

Jan

Oct

Sep

56c
13 "A

10 V« May

15,100

1

Gold

British

40c

Feb

12c

20c

Yellowknife

Mines

Brewis

500

12c
m

3.30

Bros

Ribbon

Jun

5c

1

•

16c

*

Jan

56

23 %c

5c
Sep
lVac July

5,000

-

1

I6V1C Jan

6 VaC

1

Innes

Bralorne

Feb

i.bo

Jun

14% Aug

July

10

Brantford Cordage
Brantford Roofing

Feb

1.95

39c

Oct

Jan

a

Feb

1.40 Aug

15c

Mar

5c

6c

*

Bowes

Jun

33c

1

Gc
11

Oct

7% May

Mar

6C

—

*

Boycon

Oil Stocks—

Co

&

V21c

5% Mar
6c

75,700

Apr

8V2C

1.000

14,300

Oct

]

614c Mar

VaC

*

Scotia

Bonville

May

30Vic

4,500

3.10

12

3.25

—;

Bordulac

Sep

4V2C

2.000

-

Mar

286,200

—

Ltd

Mines

53c

12c

1

Anglo-Canadian Oil Co Ltd
Calgarv & Edmonton Corp Ltd—
Consolidated Homestead Oil___

For

290

309,660

July

20c

Bonetal Gold

23% Mar

12 v2c Mar

9,500
/

Oct

47c

.

Gold

64c
28c

15

1.20

-

Mines

Mines

150

64c

4

Mines. Lld_,_

Mines

15>4

25c

25c

Ltd--

Vinray Malartic Mines Ltd..
Waite Amulet Mines Ltd

Okalta

14

14c

*

Sep

1.08

-

Mines Co

Asbestos

Home Oil

7 VaC

14

Apr
Jun

4 VaC

3.30

common

of

Bobjo

Jun

12 %c

;44c

Ltd

Sherritt-Gordon Mines Ltd

Villbona

6c

7c

1

A

Blue

Jah
Jan

Apr

47c

Ltd

Santiago Mines Lid
Sheep Creek Gold Mines Ltd

United

7e
.3 Vac

May

9.20
68c

1

Nova

Bidgood

Jan

8c

Mar

7c

Cons

lie

22c

Mar

5c

7%c

Stadacona

luc

6%c

«

Thurbois

760

2,000

3.45

Jun

Aug

-1

Bell Telephone

V: 16c .Feb

Sep

1.15

Development

Mines

29,096

8c

/314c July;

1,000

1

Sullivan

7

10c

1.35 Mar
8.25

30c

.•

Eelleterre Quebec
Bertram & Sons class A
Bevcourt Gold

Mar

1,000

15

Gold

5%c July

1,000

2,000

Jun

.

Montreal

Bcaulieu

Feb

5c

13c

Quebec Manganese Mines
Quebec Yellowknife Gold Mines Ltd
Gold

8c
7c

56c

Jun

-1

Mines Ltd

Rochette Gold

16,000

8c
7c

-

Aug

2.94

Ltd

Mines

2c

12c

Gold

Labrador

8c

IRe

500

—1

Mines

Mines

46,300

2 %C

'

Mines

Oreille

Siscoe

28,800

9

—

Beatty

Jan

3.10

Ltd,

Cadallic

Crest

21c

1

(1937)

Bathurst Power class A

Jun

9%c

Quemont Mining Corp Ltd-—-'
Red

16c

6%

Oct
Jan

18c

12%

A

of

Bates

Feb

22c

33c

13c

1

Mining Corp Ltd

Gold

Quebec

1

Toronto
Base Metals Mining

Mar

6c

6%c

—1

Dredging Ltd—

Calumet

55c

Aug

Oct'

Oct

.

5c

9%c

1

Ltd

Mines

Sep

3c

8c

„

6c

0

Goldfields Ltd

Macdonald

18c

1,000

2%c

*

Ltd

Gold

300

3c

39c 42 %c

Ltd.

Mines

14,000

19c

3c

Labrador Mining <fc Explor Co
Ltd—1
Lake
Rowan
Mines
Ltd
1—1
.1
Shore

2,000

7%c

41c

—1

Ltd—

Ltd

8c

6c

Mining
Joliet-Quebec Mines Ltd

Perron

108,650

10

Gold

Bank

Oct

8c

Waite

Pend

A

Bankfield Consolidated

Sep

1

—

Mines

Pandora

He

25%
38c

Apr

55c

Electric

Bank

Jan

16c

Mar

6c

_

Ltd

Mines

15c

8c

12c

18c

—

Ltd

Gold

July

1,500
158.850

7c

Mines Lid—!

Gold

5c

53c

-1

Mines

12.500

19c

Hollinger Cons Gold Mines Ltd.!
5
Howey Gold Mines Ltd—u
—,1

O'Brien

1,000

7 Vac

Mar

Jan

Apr

8c

1,360

10c

Apr

13o

Jun

45,510

40c

—

Oct

1

Ltd

Mines

Mines

Lake
Lake

Normetal

2.75
9.00

40c

—

25c

10c

77,200

2.50

1
class

Oil

Bagamac Mines

Sep

12c

8c

I3V2CI6V2C

7

Mines

Aunor

July

341/2

41%c

19c

1

65% Jun

24

6,700

8.90

•

Aumaque Gold

Jan

211/4 May

Jan

27V2 Mar

38

10c 13%c

Mines Ltd

Goldbeam

New

2.72
■

Steels

Aubelle

May
Mav

1

——

Formaque Gold Mines

Nechi

*

—

12c

1

Ltd

Mines

133Ac

Ltd—1

Ltd

Ltd

Gold

Sol Gold

Lingman

Oil

Hardward

Class

8c

—

44% Mar

560

/.

Jan

104

5

Atlas

Apr

Mar

85

34

19

115

17

40

Feb
Feb
Feb

14

95

18

:A//

Jun

13 >4

37

_1

1,765

59

20c

Oct

10,735

Ltd,—_l

Ltd

67

25%

Quebec

May

1114

110

52c.

1,790

20c

15C

87 %c Jan

57

25 Vt

1

Sep
July

14c

3%c May
33 V» Mar

57%

20c

55c

Oct

102% Aug
9% Sep

'

Jun

4,400

25%

Armistice

25

Oct:

10V2 May

42c

14

5,900

24'A

Sep

714

7,000

58%

1

Apr

97

VaC

20c

56

Mar

13%

16%

21V* May

25c

25

pl'd_.

Mines

common.

Astoria

22

20 3 4

*

Mines

Mines

Mines

Sullivan

Lake

52

.

Ashley Gold &

100

110

——-—1

Ltd

Mines

Molartic

Jack

56

70C

4

£c

Mines

111

107 r Mar

Canada

Apex Consol Resources

Jan

101

41c

—

1

Mines

Mines

Lake

Mines

Goldvue

4c

1

Jan

11

17%

1
:

Ltd

Dome Mines Ltd

Found

22c

4c

*

10 V*

39

42c
•

1

Ltd

Cadillac

Nickel

Red

God's

65C

25c

*

•

of

>10%

Oct

11

110:

•

*

—

—

Gold

Mines

Fontana

70c

1

19% May

Mar

Apr

39

:

I

Mines

Explorations

Eldona

1

—

29% May

65 V2

17

1

Limited

Central

Dickenson

El

490

Gold

29 %

CO

54%*

?

Century Mining Corp Ltd

East

60

9 %

-

Canadian

Arjon

5

406

?

•„

Centremaquc Gold Mines

East

2,435

100

9

^

Larder

Corp

71

110

*

a

Mining Corp Ltd

Cartier-Malartic

Duvay

24

99

9

common

Co

Argus

29%

———100

—

Candego Gold Mines

Dulama

23%

99

Yellowknife

27% May

Feb

71

•

Anglo

Sep

85c

5%

—.100

Ltd

Yellowknife

Donalda

23%

Anglo-Rouyn Mines

Jan

720

71

a—*

Bouzan Gold Mines Ltd

Detta

18

Anglo-Huronian

May

29%

•

-

iff 30

Feb

'

-

Jan

12 V*

1.00

-■

■

25 :.Marv.

85c

—

a

•

pfd

Bob's Lake Gold Mines
Bordulac Mines Ltd

Denison

2,491

Stocks—

Metals

Cortez

19%

A

Atlantic Oil

Ashley Gold & Oil Minerals LjLd—

Consol

19%

1

Steel

American

Bank
Aubelle

19%

20

Yellowknife

Aluminum

Aug

12%

«

^

Ltd

Base

12% Mar

•

Aluminium Ltd

May

15

Algoma

High

1,780

May

200

12

—100

Ltd——

Ltd

Mining

May

29

1,335

26%'

•

-

Securities
Hotel

52

40'A

10%
26 %

*

A____

Co

,Westeel Products
Windsor

8

150

17%

40 /

United Corporations class A—
United Distillers of Canada
Ltd—"
"United

52 %

26%

1st pfd._30

Low

17%

Feb

%:2r/;

Range Since January 1

High

16%

100

class

Alberta Pacific Cons

May

75

17%

%

LOW

17'A

Surpass

Akaitcho

Jan

7'/a

*12 "

Shares

Jun

May

24%

Ltd.——.———4'

Ltd

45

15 V*

1

for Week

•

;

Preferred

Ashdown

class

Invest

20%

Jail

Sep

•

—

Amalgamated

5

——

Industries Ltd
Southern Canada Pr 6'r
Stores

Feb

41

1U

4

Ltd—

Russell

Thrift

16

40
50

10%

Jan

.

•Southmont

475

42%

2%

'29

10

Paper

.

100

52%

pfd—_ 10

Quebec Pulp & Paper 7% pfd

Grain

Jun

24%

Corp of Can 6% 1st pfd-— 100
non-curh part 2nd pfd—s—50

Reliance

62

V*

.2%

.

*

'

Ltd.

Corp

Acadia-Atlantic

3

2%

—

Tel

Jun

Oct

Alger Gold

•

r

6%

Royal

Rice

Jan

Abitlbi Power &
Paper common
$1.50 preferred

.2 Va Mar

Range
of Prices

Par

Jan

27

Feb

1.0%

A.,*

Co—

Refrig & Storage
Corporation Ltd

Quebec

42%

42 Va

10

class

M)

Mount

G't

1,602

18

Va

9

Jan

60

common.,?

Paper

Ontario

Crush

21

59

Ltd

Moore

Power

1,100

*18

Ltd

Montreal

Orange

25%

18

Co of Canada-.*.-',

Minnesota

2

Jan

25

60

Leaf* Milling Co' Ltd——'
*
Massey-Harris .Co 6'A% conv pfd—20

Distilleries

Mar

4

7,830

1

'

Co

&

80c

2%

25%'

Maple

Melchers

1,160

*

A

(Walter

Power

490

9

2%

pfd ——50

Groceterias

MacLaren

1.00

8

STOCKS—

Sales

Last

Jan

Week's

Sale Price

Oct

19%

Friday

Agnew

Foundation
conv

30

Oct

com_,

Ltd

preferred—

cum

Aug

18

1.00

Hydro-Elcctric Secur Corp
41
International Paints 5r' pfd——20

Loblaw

25

25

.1

Paper Co

Insurance Co J.

Investment

35

18

Exchange

Canadian Funds

/ 10 Va May

30

8%
2%

Toronto Stock

High

6% Mar

30

1.00

*

Canada

Lou)

1,250

V6

—5

Ford

8%

L—20

Manufacturing Ltd

MARKETS

Range Since January 1

High

7%

Ji :;C

'''

■,

A

Fleet

Co

Low

8%

preferred.

Fairchild Aircraft Ltd
Federal. Grain Co class

Shares

*

Kootenay Pr 7%'pfd—

41

OCTOBER 5J2

for Week

of Prices

(1725)

Sales

Last
Sale Price

STOCKS—

CHRONICLE

80

80

82%

145

*

13%

13%

13%

1,010

10

•

30 Va

28

31

3,250

21

13% Apr
77% July

15% July
90

Feb

Mar

14

Oct

Mar

31

Oct

42

RANGE FOR WEEK

8"'c

Sale Price

Low

Canadan Tire Corp

25

Canadian

Cariboo Gold

Leduc Oil

Central

Mines

Gold

Patricia

Central

Centremaque Gold

Steel common

Chatco

Cheskirk

Mines

Chesterville Mines

Willans

Petroleum

Commonwealth

Coniaurum Mines

Mines

Beattie

Consolidated

45%

45%

150

*

4%

43^

280

4

Mar

45

24

Aug

26%

Jan

Guayana

Mines

1

90c

90c

3,500

60c

Mar

25

103%

Jan

75c

93c

19,400

Oct

5

98% Mar

70c

102

1.00

1.25

300

1.75

8,820

68c

5,000

1.21

1.27

10,535

17c

5.500

13c

16,000

5c

7c

12',4

200

714

215

ll'A

150

52c

61c

20,100

4%C

7'Ac

32,750

79c

600

3c

3%c

17c

21c

13%

2.15

30c

Mines

5c

Jan
Jun

Heva

Jan

Highland-Bell

2.45

17

Feb

Oct

Feb

Hinde

7%c

Feb

Holden

55c

1,200

46c

Apr

58c

Sep

1.00

Oct

Jun
Jan

Aug

70c

Sep

2,500

11c

Oct

Mar

70c

99%

45

98

30

390

25

Jan

Oct

30c

40c

Jan

41c
7'%c
55c

40c

42c

14,800

Aug

90c

Mar

6c

8c

13,500

6c

Oct

19c

Apr

55c

55c

300

45c

Aug

10c

7%c

12c

28,600

7c

Mar

*

27c
23%
0%

10c

Mar

1

53,800
125

21

10

8

21c

Oct

27c

Sep

26 >%

Sep

%

Jan

11

July

Yellowknife

Distillers

Seagrams

Diversified

Mining

Mines

Ltd

Dominion Bank

—

Coal

Foundry

Woollens

&

Dulama

Gold

Amphi

East

Sullivan Mines
Steel

Eastern

Elder

45c

Mar

Inland Mountain Mines

40c

17,100

15

16

3,910

24%

24%

25

350

24.

Aug

27

Feb

Joliet

Jun

Products

class

5%%
General

Steel

28

8%

355

6

Mar

121/4 May

18%

Feb

19% May

Kenville

18%

16%

15

100

72c

14%

16,600

60c

26c

21c 28%C

258,950

7c

6c

7c
9c

1,000

40

10

10

18 J%

10% Mar
51c

54,000

9c

13%

Jun

Lake

10

Oct

121% july

17c

Jan

30 %c Jun

Kirkland

4c

Aug

7c

Jun-.

,•

12c

Gate

Jan

Townslte

Kirkland

Jan

10c -

8c

6,600

5%c Mar

38c

5,000

26c

1.68

1.60

1.75

21,050

1.33

Aug

2.08

Feb

Lake

Dufault

3.15

2.83

3.15

35,800

1.64 Mar

3.50

Jan

Lake

Fortune

8'/4

6'A

May

10

Sep

Jan

116

Apr

23

Jan

455

23%

Apr

27

Feb

.

5%c

3,000

40c

9
38c

9'A
40c

3,200

25%

25%

485

100 100%

330

25%

2,175

19

40

15%

Feb

19

Oct

Lake

Rowan

50

16

Mar

20

May

Lake

Shore

27,525

24c

July

248,575

55c

Mar

43c

47c

1.06

1.16

,

15c

14c
•

1.54

10c

Aug
May

Jun

21

8%

7%

9%

7,375

108

106 108'A

135

1.15

July
Jan

4.55

Apr

—

5c

5c

10

47%

10

—-.

2%

Oct
Oct

111

Mar

7c

4c

Sep

7'A

665

8

8

of Woods

Milling

Feb

2%

:

Mar

90c

90c

500

90c

Oct

—

3%c

4%c

3 %C

Oct

11'Ac

21c
2c
4%c

8c

Aug

"U"

Larder

16%

16%

May

Laura Secord
Lebel

Oro

25%
27%

8c

Long

18

295

111

20

——

B

London Hosiery Mills common
Class

27i% July

A

—

7c

15

1,800

17%

May

Lac

Apr

15c

Jun

94

Feb

Louvicourt

Feb

Lunward Gold

2.29

1.30 Mar

Lynx
Sep

20

Jun

107

Mar

111

Goldfields
_

2

Sep

3%

Jan

10

99

Apr

106'%

Jan

Macfie

2.90 Mar

6.10

Jan

MacLeod-Cockshutt

Red Lake

7%c

8c

14c

3c

1,500

2c

Aug

71c

16,300

52c

Mar

42c

46c

40c

Oct

14c

16c

33,190
4,600

11c

Apr

Feb

4c

6%c Aug

6,500

3c
70c

Class

1.09

Jan

19c

May

Gold

Mines

B

Sep

21,200

4c

Oct

14c

Jun

28c
28'A
5'%c
12'%

33c
28'A
9'Ac
13

29.450

15c

July

9%c 15 %c
45c
45c
1.32
1.37
12c 12 %c

23
6.00

120

5.95

23
5.60

—

3c

3c

1.04
2%c

1.32
2%c

7c
ll'A
33c
35
2.25

7c
11%
35c
35
2.30

5.50
18%
4c
5c
4'Ac

5.75
19
4c
5c
4%c

14

14%

31c
—

9'Ac

12%
15c
—

1.35
12c
''

—

1.29
—

—

ll'A
—

35
—

18%
4c
4%c

14%

—

—

Manitoba &

Eastern

Leaf

16c

Apr

Maple

Golden

Manitou

1

2.44

2.60

II,500

Aug

—

Maralgo Mines

2.60

5c

*
1

4c

5c

4c

10,000

1

9c

8%c

10c

111

111

112

3c

35

52%

521%

10%

10%

75

10

19

19

25

10
..

page




44.

.

25%c

Sep

•118

Feb

49

155

50
_—■*

Jan

Feb

101

—•

Feb

9c

Sep

8J%c

22,500

•

2.80

16c

4%c Aug

1,500

3%c

1.95 Mar

53

May,
;,i •

Oct

>■; ■'

i

.*

32

Sep

50c

Jan

3,692

11%

Jun

15

Jan

354,550

7%c

Oct

22c

Jan

Apr

60c

Jun

1.78

Jan

500

5,400
2,600

Jan

Marcus

May

Preferred

1 In »1 Sep

McColl-Frontenac

20 .':)May

r'.

UflVT

Jan

23

Mar

25%

Jun

7.75

Jan

2,225

4.10 Mar

2,000

2%c May

116,400
.

38c

500

2c

6%c Jan
1.32

Mar

Feb

,

500

.

Oct

May

15c

Oct

6'Ac

5c

Jan

2.575

10% July

14% Mar

4,100

25c

May

70c

Mar

35

500

K'r. 27

1,889

5.40 July

50

16'A Mar

6.95

Feb

Feb

21% May

Sep

3c

4,000

Oct

3.00

1.95 Aug

300

Jan

7%c

Feb

1,000

3c

Jun

11c

Jan

16,500

3c

Aug

8c

Jan

Mar

17%

Jan

135

12

3,400

2%c July

5%c Aug

9,700

60c

Mar

1.19 May

36c
78c

34.700

33c
78c
28-%

57c
—

27%
8
—

32c
72c
28%
27%
8
12'%

27%
8
12%

52c
13c

57c
13c

29

7c
2.20

7c 9%c
2.20

2.09

10
7%

86c 1.05
7'Ac 7'Ac
93c 1.00
10 10%
7%;'
8

C5c
95c

1

2.45

2.42

2.50

—

14c

16c

1.82
4c

1.80
2'%c

1.85
4c

12
__

—
3%c

A

common

.

July

31

115

24%

29% Aug

40

Apr

6

15

Mar

10c

July

20c

Feb

6c

Aug

ll'/ac

Feb

2.09

6,010

81,935

40c

Oct

3.00

Jan

July

1.95

Jan

3,600

6c

85c

Aug

1,385

9

1,068

4% Mar
2.25 July

4,380

14c

2,500

1.50

9,900

99,700

Feb

<.

2c

Oct

11

9%
3.15
40c

15
6c

Aug

6c

23'A

285

•%4

Mar

60

Feb

May
Sep
May

31c.' Jan

Mar

1,204

Jan

4c

«16

400

Feb

Sep

Sep

6,299

3c

Jan

July

1.95 Jan

4,500

2,542

1.54
|

Apr

4c

90

12c

Aug

12,450

3%c

100

Feb

40c

500

Oct

23'A

Oct

Jan

28,400

Oct

26%
9(A
14
93

1.50

Jan

13,500

Sep

22%

13%

Sep

8c

26%
8%
13%
90

8

May

11%

3c

23

Feb
Jan

26 y» Mar

10%

8%

1.50

Jan

580

1,800

26%
14

67c

59c

July

5,500

•

-

25c

9c

*
•

-1

4,475

1.25

1.10 Mar

2,700

9c

10%
12
3c 3'Ac

20

—

—

i9c

4c

—1

—

McCabe Grain class

Preferred

Apr

90c
1.17

1

Massey-Harris common

Jun

1.26 Aug

11c

4c

•
1

Gold

Martin-McNeely

36c

86c
1.12

Jan

14c

Sep

Apr
Oct

4c

1
*

Milling

Oct

July

36 %c

24

5%c

45

5,000

59c
1.17

—1

Madsen Red Lake Gold Mines—

Magnet Consol —
Malartic Gold Fields

7c

Feb

47c
5%c

May

80%c May

Jan

40c
4%c

45c

5%c

1
1
1
•
*

MacDonald Mines

100

3,919

2 J/4

7c

Aug

58c

1

5.15

2 J/4

4.95

Oct

Apr

57c

*

Mines

101% 101%
5.15

—

^—

Yellowknife

Macassa

3c

Jan

21c
3 %c

Oct

July

Oct

16%

500

1%C

Mar

Jan

90%

500

91

1.90

110%

18

100
1

8c

91

1.82

27

Feb

1,000

Feb

7c

15c

1

oct

Loblaw Groceterias class A__x

23% Mar

32,000

1.45

.

25c

1

Little

21

5

22.500

.

3,500

1

Llngman Lake Gold

Jan

8%c

see

May

39,555

*
•
•
0
*

Mines

8% Mar
3'A

16J%

I,735

27%

Ltd

Sep

3,000

footnotes

Jun

84c

1

Oil
Gold Mines

3,500

For

Jun

16%

:

•
1

Mines

Leduc-West

Class
24%

2c
4%c
14%c

11% July

200

27%

Mines

7c

A

Jan

15c

3

Lapaska Mines

10c

:

39%

Mar

1

:

—

—

Sep,

16c

A

31% May

29% Mar
40c

*
*
1
1

Gold

Lamaque

Lang & Sons

7%

2,660

45 %c

class A

9,141

11

0
*

com—

2

100

2%

25%

Gold.

class

Jan

102%

38,630

1

Mining

Wasa

Lake

L'eltch
10

•

8c

Co

May

55c

25
Sep
98% Mar

60,400

1

La Luz Mines

7c

&

Feb

11

Apr

July

52c

Jan

9'%

3'% May
85

5,500

10

5.05 May

18% May

>

Mar

2%C

Preferred

8'A
34c

48c

1

(1945)——
Mines

10c

Grafton

465

Oct

8c

Aug

51 %c

___*

.

Lapa Cadillac

_—

Gordon Mackay

4c

38'A
13%

Jan

25c

19

500

Jan

74c

34

:

25'%

24'% Mar

90

35%
13'A

1

Mines—
Gold

Lake
47c

*

Mines

May

7% July

Apr

38'A
13%

*

1

1

Goldvue

6%

5'Ac

May

8%

16%

7%

1.16
15c

Exploration

Gold

Laguerre

16%

100
*

Goodyear Tire common

Jan

Oct

5'Ac

*
1

—

Labrador Mining &
50c

Feb

575

Porcupine

10%

7

21

7

1

—

Ltd

(John)

Labatt

35c

38%

Mines

May

111

Jan

33c

1

Goldora

Oct

4c

5

25%

1

Arrow

Goldhawk

Jun

30

7

_1

;

Lake

7%c

37

——

Sep
Jan

56

Jan

275

25

1

Golden

8c

•

Gold

Jun

35%
32c

Mar

2c

Feb

9c
42c

Apr

43%

2,775

71

7 'A

1

Kerr-Addison
Kirkland

Golden

Goldcrest

Oct

115% 115%

*

38c

Mines

Goldale

18c

15,100

2c

—~1

Gold

Kirkland-Hudson

Oil

God's

29%

10,900

3c

Oct

4c

Feb

1.10

Mar

70c

Gold

2c

56

*

Mines

Kelore

68c

Lake

Glenora

Globe

26c26%c
54%
56

26c

1

MacMillan Export class A
Gillies

50

^1

Mines

Kelvinator

10,450

38%

———.

34

Oct

7%

25'Ac Mar

A*

.

Quebec

8%

•

pfd

34

—

—

8%

100

Wares

13,600

15c

Apr

3.60 Mar

Giant Yellowknife Gold Mines

30c

1

Mar

15'A Mar

Bakeries

General

26c

1

22

340

common

13,000

Gold

100

*

Power

22,060

4%c

Mines

776

8,500

preferred

10.00

4c

Joburke

20 %

4.55

Ji

Oct

1
1

Gold

26%

16%

preferredExploration

Gatineau

23% Mar

16

Gold

(A

65c

Oct

4.15

A

10

50c

Jacola Mines

20%

*

Frobisher

Oct

Jacknife

25%

100

Francoeur

Jan

28c

15

50

B

Feb

1

common

Jack Waite Mining

26%

Fleury-Bissell preferred

Freiman

Jan

22

»

Motor

22% May

16

!

Class

64c

Feb

8,925

;

.

Manufacturing

Ford

Sep

16%

19

——

5.35

9.25

Jellicoe

—1

common

Preferred
Fleet

23c

•

Federal Kirkland

Jan

11%

Jan

July

1.75

.

—

12

*

Co

Kayrand Mining

43c

__100

com

Jun

Oct

,7% Oct

Jan

28c

4.45

Grain

8.50

30c

•

Uranium

15

16%

Preferred

3,680

4c

100

t,

2,641

•
•
1

Fibre

Mining

Inspiration

International Metals class A

26,800

19

Shops

10%

9.95

—6
1

Co

&

29c

1.60

Players
Fanny Farmer Candy

11%

105

9.90

10

1

82c

Oct

20c

(John)

Inglis

18%

19

Famous

18

100

7%

25

18

1.65

Falconbridge Nickel

200

71/2

__

__£1

—

preferred

25c

*
1

Federal

Preferred

4%

Petroleum

48c

1

Corp

20% July

20

11 %

9c

Oct

International

12J%c

July

Gold

Sol

Eureka

Mar

9c

20

11%

<)c

Jan

International

Mar

Empire Brass class A

El

Jan

19%

Sep
Feb

5c

10c

1

Mines

15c

14'A

Nickel

24,300

1

Gold

Eldona

Sep

Aug

6,000

Mar

27c
18%.

—20

Mines

Sep

7c

6c

Mar

19

—

4,000

9c

12

1
2
•

Easy Washing Machine

Eddy Paper class A

8c

5c

Jan

14

1
1

Malartic Mines.

East

May

25

*

East

Feb

75c

1,975

—«

:

Oil

24 %c

Mar

24,236

•

L_

Oil—

Crest

East Leduc

95c

Mar

26%
19%
13%

International

III,600

_1
rl

Duvay Gold Mines
East

Oct

ldc
50c

21%

Preferred

15c

•

Ltd

31c

1,250
1,600

21

5,000

—

Mines

1,500

12c

65c

26%
18%
13

33,200

Mudge common————-*

Donnell

35c

64c

21

61c

iA-_—*
1

.U

Mines

33c

26%
19'%
13%

26c

25

Coal class B

Steel &

Dominion

Dominion

Jan

Sep

10
Imperial Oil •
I
•
Imperial Tobacco of Canada ordinary_5

•

Magnesium

Dominion

16c

1.04

100

1

Steel

<x

Jun

__

Bank

53c

preferred—————25

Dominion
Dominion

Donalda

——.

5c

100

#paid

Imperial

20c

—

—.

2,000

*

—

*
10

Discovery

7c

1
*

common

Jun

iA*:/-/'' ir

Dome

A

Erie

&

53c

1

Lake

Red

Dickenson

Jan

7C

Jan

1.00

9%c 12 %c
13c

7c

8c

«

Indian Lake Gold

9%

Oct

1

1

Lake

Red

12c
13c

class

20%

6 % May

4% Mar

27c

Aug

May

30

july

1

Paper common

Mining & Smelting

Bay

Huron

99 J%

May

30

23%

Mar

2'%c

40c

1

Malartic

Hunts

18c

Mines

Hugh

Jan

23

Oct

17

23c

5c

65c

3,000

Jan

1.35 July

100

Lake

Smith

125

Mar

9%

3,000

16,927

3c

35c

1

Mines

Gold

Hosco

154

91% Mar
145

22%

8c

77c

65c

*

Yellowknife

Hudson

1

Nickel

July

May

68c

__

5

Howey Gold

1,600

*

9% May
16

Mar

7c

*

Jun

32c

Jun

20c

A

May

Feb

5.00

6% Mar

12c

Aug

2%c

70c

*

Oil

Howard

5%

1

A

B

Homer

55c

207

15c

3c

Jan

1.11

Oct

54c

4,787

Jan

<■

class

Manufacturing

Home

16%
85c

Apr

10

7,167

125

Jun

12c

*

_

Dauch

&

Class

July

65c

10

60c

149 150%

12'%

5'%c July

*

Hollinger Consol

10%

119%

Sep

9% Mar

2,000

1

Highwood Sarcee

27c

66,000

35c

265

7c

1

July

16c

10,600

44%

44

1

Mascot

Gold Mines

Mar

13 %c

28c

44
6c

5%c July

3.50 Aug

14

Aug

5 !4

Class B

Hedley

5c

99%

30

1

class

:

16c

64c

26c

__

1

Gold

30c

63c

105

Heath

6,700

900

32

14%

3.75

4

3,100

90c

200

81/4

141%

1

22c

19 %c

Petroleum

Gold

59,463

r

3,75

s!4

14%

Headway Red Lake

Aug

'—*

Leather

Dexter

1.25 May

Ilasaga

6c

56c

Apr

1

Gold

Harricana

Oct

1

.

Patricia

Red

Jan

3.00 Mar

*

common

Pershing

Denison

Apr

8J%c

55C

"

D'Aragon Mines

Detta

65c

Mar

20c

90C

Sep

l%c

•

1.00

10%

3'%c

2,000

1

17c

10%
60c

75

4%c
2%c

1,000

2%c

1

Carpets
Gold

Harker

Oct

20

Mar

20

4%c

2%c

»

Hard Rock Gold Mines

5%c

20c
5%c

-100

Aircraft

Davis

Mar

10

6,747

18

48%
4%c

«
:

Highbridge Mining

14

25

Davies

Oct

■

.

12

5,400

Crowshore

11 J/4

1.72 July

4,600

17

Cub

Feb

Jun

Apr

17% May

Sep

8%

2c

1.15

Croinor

13'A

;

17

Bit

Aug

Bridge

13%c Aug

13,100

13'A Mar

1

Hamilton Cotton

Oct

9,000

21c
2.10

1,755

1

Mines

Hamilton

Feb

79c

79c

1,500

47

1
—

Jan

2.20

6,300

22c

46

>

preferred

16c

4c

2.80

2.05

Brass

33c

30c

1.08

Crestaurum

Jan

Harding

2.75

21c

47

Jun

3.20 May
37c

July

22c

20c

•

Halcrow Swayze
Halliwell Gold

1.40

7% Mar

17

Craig

Hahn

85c

1

Jun

5
1.15

Jan

Oct

__

1

——

Jun

11 % Mar

1.10

Imperial Mills

J

Mines

Gold

Mar

7

11

ll'A
53c
6%c
2.75

8%C

7

79c

common

Preferred

Lead

Gunnar

Hallnor

"

Cosmos

Gulf

Coal

West

1.80

68c

July

1.05 Mar

12

7V4C

Oil

Box

Paper

Great

2.65

Aug

1.20 Mar
41c

15c
124
15014

Corrugated

Jun

19

Oct

17

100

17

•
Consolidated Mining & Smelting——5
Consumers
Gas
100
Conwest
Exploration
—
*
Consolidated Homestead

10% Mar

20'A Jun
44'% May
15% Oct

<•

62c

—-1

Consolidated Duquesne

40% Mar

Wire

16c

*
*
2

—_—

—'.

Bakeries

Consolidated

75

Greening

1.59

86c
Yellowknife

42%

21% Jun

1.22

1
1
—*

Lake

Colomac

42%

421%

12% Mar

1.25

Rights
Coin

High

1,309

99% Mar

r

Plow

Cockshutt

•

18

5

*

Malartic

Coastall Oils
Cochenour

Jun

preferred

Low

17%

-

II,563

*
1
*
1

1-

Chromium
Citralam

103

A

is

•

102

—

*
1
1
1

Wines

Chateau-Gai

Chemical Research

150

1.65
68c

*

Preferred

Oct

Paper common

Gypsum Lime & Alabastine

1
1
0

Porcupine

Central

144

Jan
Jun

17%

17

1
1
*
1

—

15

Range Since January 1

15% Mar

High

Low

102

'U.¬

—100
—
*

Castle-Trethewey

Mar

45

144

11

,'//

25

17%

———,

preferred
Wallpaper class A

Canadian Utilities

650

Par

1.

.

Lakes

Great

Shares

102

100

Railway

for Week

of Prices

16%

———
—

Pacific

High

Low

13%

144

preferred

Sales

Range

Sale Price

STOCKS—

1

Range Since January

Shares

High

13%

13%

common

preferred

5%

Canadian

Week's

Last

for Week

*

Oil Cos

■

Sales

Range
of Prices

Par
Caiiadian

ENDED OCTOBER >>'Z

Friday

Week's

Last

Friday
STOCKS-

MARKETS

LISTED

CANADIAN

Monday, October 25, 1948

CHRONICLE

& FINANCIAL

COMMERCIAL

THE

(1726)

30

9%

Mar

Oct

May
Oct

7'A July
9% Mar

16

May

Oct

100

July

90

Number 4745

Volume 168

THE

1

COMMERCIAL

&

CANADIAN

FINANCIAL. CHRONICLE

LISTED

RANGE FOR WEEK ENDED
■

(1727)

MARKETS

OCTOBER 22

1

^

1

1

■'

1

.

"•

,

'

'

•

''■*

"

Week's

Sales

Last

Range

for Week

Sale Price

of Prices

Friday

•:.N£
STOCKS—

0rf:
Mclntyre

Low

Porcupine
Red

Lake

Gold

4»
_»

—_

52%

Sep

66

Mar

Silverwood

32c

34c

14,900

30 %c

Oct

75c

Jan

Simpson's Ltd class A

10c

13c

15,440

Jun

29c

Jan

Class

10'/8c 10'%c

1,000

10%c Oct

18c

Jan

Preferred

10%c
__

191%

Z-*

Oil

6'%c

Midland & Pacific Grain
Milton

Model

—M

Oils

Moore

common

Gold

19'A

71

70%

71%

170

6b

Feb

7b

278

278

22

278

Oct

278

26%

415

25

Mar

27

Jun

Apr

9c

6,700

8c

Oct

15c

Feb

8cl0'%c

13,800

8c

Oct

37c

Mar

Stedman

5

ii

29c

11

50

29c31'%c

»

j

_25c

4,000

27*

10'A May

13
33c

Jan

Mar

27

10

25% Mar

34

•

23%

22%

23 %

473

18'A Mar

26% May

2.21

2.11

2.23

5,300

1.91 Mar

103

103

15

4c

4c

1,000

of

Mines

Gold

27

OAs

Rouyn

Merger

1

Yellowknife

Nicholson

2.99

Jan

Sullivan

Mines

Norpick

•

_

Malartic

Mines

Star

Oil

75c

Mar

7,050

18c

153Ac Aug

Surl

Inlet

common

Taylor

*

Okalta

Oct

Apr

Thurbois

46c

Jan

Toburn

18c

7c

16%c Oct

2 3,000

;

51%

54%

7,864

4c

Mar

8c

July

4c

Mar

75c

Oct

1.04

43

1.50 May

Apr
Mar

lie

13c

8,600
46.481

54'%

1.50 Mar

Jan

3.10

Oct

5'Ac

5%c

2,000

4c

Jun

10c

O'Leary

Malartic

7'Ac

13,000

4c

July

10c

Jan

1.25

1.25

100

30c.

3ic

3,000

8%

6%

8%

3,100

5%

5%

100

1.71

1.65

1.72

6,320

*

—

19c

Gold

Omnltraus

1

Exploration

1.00

14c

1.75 Mar

Sep

48c

Apr

3% Mar
5'A

8%
6

Apr

1.40 Mar

Aug
Oct

July

2.20

Jan

45c

47c

2,200

430

90c

Oct

1.37

1.55

13,000

92c

Jan

16c 19'Ac

17,500

10c

Mar

4c

Orenada

1

Orlac

Gold

Red

Osisko

Lake

Lake

Osulake

Petroleum

Mines

4,000

6c

13,200

75c

46,400

3,500

1.88

1.82

1.98

66,100

38'A

39

435

1.12

1.13

2,795

1.06

4c

4%c

8,700

4C

__

•

__

—*1

—1

4c

1

__

__

11 %c

6c

5c

17c

*

—

:

Gold

Oct
Mar

6c

Aug

50c

ll%c

Mar

1.15

28

70c

Apr

5'%

Sep

4%

Apr

5%

Jan

5%

250

76c

15,500

14

14%

200

80

80

81%

60c

8 %

July

13%

94c

Sep

15

Feb

Sep

465

67

Feb

83

300

72

Mar

1.63

1.78

20,860

1.60

Oct

2.40

6%

6%

6%

400

6%

Oct

6%

Oct

1

1.50

1.41

1.50

8,312

99c

Mar

2.05

Jan

9%C

7,800

9c

May

19c

—1

1.30

1.27

1.30

5,700

27C

26c

29C

3,500

27

27%

100

81'%

1

—

♦
.

_

..

♦

common

81%

1.25 July
25c

Sep

Porcupine Peninsular
Reef Gold

Mar

2.05

Toronto

29%

4'% Aug

5'A

Jan

10%

Jun

Union

-

_

10

2.50

2.60

6,975

19c

25c

30,100

19c

Oct

49c

6c

%C

1,500

5c

July

21C

Jan

54c

—-1

_

54c

54c

910

54c

Oct

80c

Jun

Oct

12 %C

6

7c

7c
Mines

100
200

9% Jan
2.35 July

3.50

Powell

River

Powell

Apr

1.55

Jan

8c

1,200

5'%c

1.03

92c

1.03

109,600

79c

July

*

11'%

11'%

11%

345

10

Mar

172%

175

62

172

Voting

Gold

2%c

2%c

4,000

I %c

July

3c

May

36c

37c

5,412

33c

Jun

46c

10c

12c

94,500

10c

Mar

20c

Feb

5,450

65c

Apr

82c

Feb

13c

291,133

4c

Aug

16 %c

Trusts--

100
_

certificates

trust

•

•

Union

Mining

United

Corp class B

United

Keno

United

Oils

United

175

8c

8c

500

6c

Sep
July

50c

23,600

35C

Mar

63c

Jan

8%

45c

8%

.1

8%

1,096

7

Aug

10

Jan

Oct

12c

Jun

Feb

25

Jun

9c

9c

2,806

21

20%

21

225

1.65

1.54

1.66

11,714

Corp

Pressed

6,630

1.80 Aug

2.30

Jan

2.90

2.32

2.90

6,290

2.30 Aug

3.50

Feb

65c

*

Hill

♦
_

-

•

Ventures

1
•

Ltd

Vicour Mines

~

Gold

7'%c July
5'% Mar

10'%C

7'A

7%

715

1.58

1.55

1.60

9c

16

2,000

7'%

4,050

10'%c

10'%

c

5.75

2c

11c

1.95

6c

6c

45c

46c

43%

■

50ft

5c

May

25c

Jan

3.000'

/

37c

July

56c

Jan

44%

580

70c

70c

2,600

50c

Mar

88c

Proprietary Mines

'50c

Aug

72c

Feb

Feb

45% July

63c

63c

66c

3,006

17

15%

17

3,301

II

Feb

2c

1.50 July

17,500

3,259

2.35
7.20

Feb

Aug

13C

Mar

Oct

4c

Apr

6c

2c

Purdy Mica Mines

15

12%

15

1,250

10%

Feb

*

Wabasso
Walte

■n

Cotton

_

_

Walker

•

(Hiram)

(G

&

16'%

16%

10

9.60

9.20

9.85

10,270

29

27'%

29

2,983

_

Amulet

•

W)

*

common

A

.1

Grocers

1

preferred--

—100

12

13

13%

125

:,34

185

30

45

29

24'%

160

22

99%

*

25

33%
30

30

395

16'/s

Oct
Jan

4.60

12

__"

Products

16%
24

10'A

1.45

Oct

*

common

1.50

(Geo)

com.

24%

Preferred

24%

.100

Wiltsey-Coghlan

7c

9c

7'Ac

9c

.

Winchester Larder

f***

Wingait Gold
Winnipeg Electric

Winora

-

6c

7'AC
6

6c

31

common

Apr

13

Sep

13

Oct

14%

Jan

26%

Feb

34%
33'%

July

'

Labrador

1.45

1.60

14%

14%

1,600

7,154

2.10

Feb

5c

5c

1,000

9%

„

9%

59

Jan

6,000

12c

Feb

1,000

%c

6c

May

10c

Apr

1,500

5c

Aug

lie

Mar

31

13,348

98

98

15

4c

Gold

Wright-Hargreaves

28%

4c

4'Ac

8,500

3'%c

Oct

2.25

2.35

5,858

2,25

July

—

20'%

Feb

31

Oct

95

Apr

100

Apr

8c

2.90

Yellorex

Mines

Yellowknife

22c

Bear

Oct

Ymir

Yankee

York

Apr

11

60c

68c

34,000

55c

Mar

90c

79c

79c

80c

11,500

52c

Mar

90c

15

16'A

9,439

10 % Mar

16%

Toronto Stock

Oct

Feb

2.95

Oct

2.90

2.25

2.95

5,200

1.02

5%c

4%c

5%c

5,500

4c

A

*

7

7

7

100

7

—______—1

.__73c

5%c

5%c

1,000

5c

Sep

9c

10c

16,000

29

90

Gold

class

Gold

Riverside

Silk

(1936)
class

1

A

__

*

_.

__

29

Gold

1

Oils

Co

•

Royal Bank
Royalite Oil

10
♦

1

1

common

Industries

Russell

1

—

Apr

Jan

Oct

8%

Feb

Asbestos

13c

12c

12c

500

National

Lawrence
1st

•

St

Corp common new_

28c

Feb

33%

9c

Apr

17c

50c

23c

Aug

43c

52c

42.500

24%

24%

24%

1,335

23% Mar

27

25%

27%

2,149

16

6c

6c

700

__

7%c

8c

5,000

ig

17%

18

i;480

__

Feb

/J

May

Brown

Bulolo

52c

Oct

23%
27%

.

Oct

Mar

Sep

16c

5c

Mar

23c

13

Feb

9

9

40

9

19

Oct

24

24

1,400

24

Oct

.1

__

44'%

84

85

120

80

44'%

45

914

42%

1

3.80

3.70

3.80

2,679

Sannorm Mines

1

6c

6c

6%c

1,000

Senator Rouyn Ltd—

1

48c

48c

52c

30,000

38c

—•

Preferred

—100

Sherritt
Sick's

Gold

Gordon

_50c
1

<

Breweries

common

Voting trust certificates
Sigma Mines (Quebec)
Silanco Mining 2_;
Silver

Miller

Silverwood
Class

Low

For

B

footnotes

see

page 44.




Jan

Range Since January 1
Low

High

7%

8

135

27

27

100

122

Pulp & Paper com—*

Co

6'%

24'%
—

1.49

23%

24'%

1,005

45'%

46

165

1.35

1.50

9,250

Jan

10

Jan

Sep

30

May

135

Jun

125

30

72

Mar

100

155

155 155%

55

155

Oct

185'%

Oct

5'A

4%

5%

4,044

Feb

6'/a

Jan

100

-

common

Gold

109%

108% 109%

170

Mar

115'%

Jun

5

Canada

and Dominion Sugar

Vinegars

Canadian

—

—*

—

22

*

Industries

*

Preferred

100

:

3%
80

17%

17'A

75

15%

Jun

18

21%

23

3,500

15%

Apr

23

Oct

14

July

13
__

__

13

90

23

23

125

1

__

175'A 175'A
2.00

58%

2,430

1.32

1.37

162

500

47%

10

480

2

3%

3'%

3%

50%

50'A

51

20%

Mar

1.60

1.75

400

Vickers

*

common

Preferred

-100

Wesjunghouse

Copper

5

—

58%
__

Feb

24%
49

Mar

.._

3%
39

1.00

Sep

*

20'A

19%

20'A

3,160

14% Mar

Oil

*

50c

45c

54c

18,800

33 %c Mar

Bridge

*

30

30

30

1.50

Oct

July
Oct

2.45

39,614

1.43 Mar

3.20

Apr

16

395

11% Mar

16%

Jun

15%

260

11% Mar

16

6.75

6.75

489

32c

33c

5,000

30c

20c

May
8.50 Feb

July

33c'

33c

34c

12,500

10

9%

10

178

9% July

8

8

10

199

8

Oct

Paper

—;

58'%

•

Oct
Oct

4% May

Feb

Consolidated

2.23

•

July

192

51'%

Mar

Dalhousie

15'%

Sep
July

Oct

3

Oct

Feb

15%

6.50

Jan

175'A

Apr

126

Jan

16

__

Jan

i

Jun

2.25

Apr
21'% May
60c

Jan

67 %c Feb

44'% Mar
98c

24%

Apr

20'%

60

17c

1

*

Jan

1.50

9,015

*

4.35

Mar

19% Mar

5

1.85

Canadian

Aug
Sep

2.40

1

High

Apr

25

1

—

Canadian

48

3.00 Aug
Oct

*

A

4'%

Sales

Shares

85

Aug
Sep

1

class

Jan

May

155%

•

1

Mines

Dairies

;

Jan

8%

5% Aug
2% Oct

Dominion

Sheep Creek

May

9c

for Week

11
Sep
26% Aug

•6c

Shawinlgan Water & Power

'

Jan

5c

1

99

Gold Mines Ltd

81c
!-

Funds

Range

*

Columbia

Preferred

Coast
Antonio

145

Canadian Western Lumber-

1st preferred new
''2nd preferred new

San

2%

Feb

Jun

Paper—

^

•

50

Jan

40c

v

Jan

Oct

49

preferred new

Lawrence

6'%

Week's

—

Corp

Canadian Marconi

St

Oct

of Prices

Par

Andian

Canada

Roybar Chibougamau
Rupununi Mines

Aug

3c

Sale Price

STOCKS—

Preferred
Roxana

556

3,500

Last

9c

Sep

9c

28
*

Rochette

5,520

Jan

.

Exchange-Curb Section
Friday

British

Richmac

67c

3'Ac

2%

—

Aug

1

Textiles

Aug

6'%

Feb

1

Renfrew
Reno

67c

16'A

Gold

18c

3c

~

B

Sep

1

*

Regcourt

3,500

62c

Mines

Girl

Knitting class A.

8%c Mar

9

Macdonald

Reeves

23C

22c

■.

Feb

5c

Mining

Quemont

Jan

28

101%

Mar

Jan

15

13'A May

1

Quebec Manitou

Sep
Jan

5c

97% Mar

2.35

.100

-

Canadian

Quebec

Oct

*

—

1

10

__

Oct

9.85

31% May

Marfl:

17% May

1

—______

Purity Flour Mills

Jan

17% May

1

—

Jan

8'A May

Jan

37

*
-

Dome

Apr

15c

5.15 Mar

1,000

2c

1

6.10

11c

6.10

1

_

Preferred

1

.

Metals
East

Aug
Apr

12c

1.15 Mar

_

Steel

Class
Power

Preston

Oct

Jan

37c

1

Feb

44%

Jan

1.03

12%

Jan

72c

1

—

Feb

Mar

Aug

2.10

•

-

Rouyn

Jan

"

_i

_

Gas

Weston

7c

6c

Jun

9%

25c

_

Western

2.00

„

Jan

61c

Sep

23% Mar

6c
_

General

Oct

39%

67c

r

Jan

2.60
.

Towaemac Exploration
Transcontinental Resources

Jun

Feb

2.05

1

Jan

1.99

5'A

—

Mines

Elevators

Class

123Ac

-1

Jan

5'A

_

10

Gold

_

Oct

83

,.'"V

Porcupine

May

21'% May

1.78

25

_

Silver

Westeel

1

—

4

65c

Mines

Toronto

Feb

1

Mines

17% Mar

Tombill Gold

Jan

1

Gold

5% Mar

40
450

common

Waterous Ltd

18%

147%c July
80c

Sejj

1

—.

Porcupine

Gold

10c 10 %c

62c

1

Pioneer

Jan

16c

Pen-Rey Gold Mines

Crow

Jan

10%

72c

1

Perron

16c

^

675

5

5%

7%c Jan

July

3%

17c

Paymaster Cons Mines

Pickle

July

5c

890

1

—

Malartic

Piccadilly

3c

II,500

1

Hershey Tubes
Pamour Porcupine Mines Ltd__
Partanen

2,000

8c

5%

1

Page

Paramaque

4c

7c

4%

9c

1

Mines

Mines

Pacific

4c

7c

•

7

19%

May

1.84 May
24c
Sep

5%

l

....

Orange Crush

7

10

Gold

Gold

Torbrit

Oct

Jan

4%

69c

•

Thompson-Lundmark Gold Mines

Villbona

Omega

1.60

68c

19%
5

1

common—

Jan

39c

Mar

Jan

5c

•

Oct

1.18 Mar

Oct

24c

10 %c Aug

3.10

1.48

21c

49c

Sep

33c

530

•

3,398

*

Mines

Preferred

Sep

795,150

__*

.

Oils

25,400

53c

7

*

Upper Canada Mines
Ogama-Rockland

9,500

1.60

52c

9c

Ltd

7c

2.85

1

25c

1.45

1.60

_*

Mines—:—.

(Pearson)

23,100
I,700

75c

5

O'Brien Gold Mines

Tamblyn

Feb

9'Ac

13c

*

_

Apr

•

Mines

Gold

River

Jun

Jan

1.20

—

55c

Jan

1.15

6%c

Mar

_

Sylvanite

28c

3.05

1

Preferred

1.79
60c

33'/2c

_1

_

6c

31 %c July

54

:

34c

21c

Feb

31c

5%c

1

Gold

103%

5,683

74c

1

Empire

Inca

Apr

2%c Mar

•

Norseman Mines
Northern

100'%

1

Mining

Gold

31,100

1.20

'

2,000

preferred

Cons

Jun

16'/2c

•

37c

1

5%

12c

I6'%c

5

35c

25C

♦

Rock Iron

526,200

8c

1

Mines

Nipissing Mines

35c

B

Preferred

16c20'%c

8%c

Jan

1

common

Canada

Tcch-Hughes
16 %C

I9%c

•

,

1.79

53c 55%c

18c

1

Pacalta

1.62

__

•

Norzone

Normetal

1.78

1

Marlon

Norbenite

__

1

Jason

Noranda

—

1

.

101%

Gold

Steep

Taku

,_100

—.

Mar

Jun

18c

*

preferred

Mar

96

Bros

Steel

Co

Jun
Jun

18

160

*

class

Olsen

Stovel

•

(Wm)

Brock

Starratt

31
26

170

Oct

26%
8c

Mar

24

23

May

Oct

High
99% May

Sep

101

Paving preferred
Standard Radio class A._

Stanley

„

97%

99%

T

Standard Chemical

May

26%

145

22%

Standard

14

•

15

28

23

Mines

Sep

5,550

25

97%

27%

—1

!

Oct

19'A

Low

97%

100

^

Malartic

Jan

17%

Mines

Calumet

North

Siscoe

40c

19

100

—

Bidlamuque

North

11%

Range Since January 1

High

28

—

•

15%

Mar

54c

Mines

Neilsons

Nib

6.10 Mar

22c

13'% Aug
Mar

National Sewer Pipe class A_—
National Steel Car„^

New

50

*

preferred

National Drug preferred
National Petroleum

New

1,000

28c

gc

New

7,487

36c

13 >%

35c

gy2C

New

11%

100

Low

Jan

8,560

1

New

Oct

3

38c

1

New

17

1.15 Aug

pfd

*

Springer Sturgeon

14% Mar

Shares

100

Sladen

100

32c

!

Dairies

B

Jan

1,100

38c

Mylamaque

New

July

17

13 '%

__

Mosher Long Lac

Negus

11c

21

,

^1

Locomotive

A

15% Mar
5%c Mar

1.65

i0y2

35c

y

Corp common

Class

515

31,000

.

6%c

1.40

u%

_5i

._

Knitting
Porcupine

Preferred

191/2

16%

1.65

Monarch

Montreal

6c

8c

Western

Stadacona

Corp

Moneta

igi%

__

Brick

Mining

Par

1,370

i

for Week

of Prices

'

55

^

Mills

Mid-Continent

High

54

33 %c

U-J.%

McWatters Gold

Mercury

Low

High

Sales

Range

Sale Price

STOCKS—

Week's

Last

Range Since January 1

55

McKenzie Red Lake
McMarmac

Friday

Shares

.*•:

Jno
o:»

70c

Feb

Dominion Glass
Foothills

Hayes

:

33'%

33'%

33%

40

4.00

3.55

4.00

11,445

27

27

*

Humberstone Shoe

International

*
*

common

Oil

Steel

Paper

*

*

common

Langley's Ltd preferred

•

100

—

!

70

90

20

Oct

22%

Jun

2,355

46

Mar

70%

Jun

30

45

Apr

61

Jun

20

Feb

28

May

25%

1,967

6.35

35,000

11%

Feb

Temiskaming

;

Investment

Mining

i

_—i;

Jan

66

4.85

Grain'.

Apr

Apr

20

237%

Reliance

4.10

50

6.15

Sduthmount

37

34

20

25%

Jan

Jun

50

•

Jan

Feb

Feb

64'%

1

48c

2.60

33'A May

66

Minnesota & Ontario Paper

;12%

30%
20

Feb

20

—

Pe>id

Oreille

27

2.25

Feb

6.35

Oct

*

49

36

49

380

22

Jan

49

Oct

—*

42c

42c

42c

470

37c

Jan

42c

Jun

1,650

6c

Sep

8c

Jan

1

—

6c

6c

43

44

COMMERCIAL

THE

(1728)

&

FINANCIAL

Monday, October 25, 1948

CHRONICLE

SECURITIES

OVER-THE-COUNTER

Quotations for Friday October 22

Obligations Of Government Agencies

Investing Companies
Sescurltles

Fund

Affiliated

1
5
1
1
•

Corp

Beneficial

Corp.—

Holdings

of America

Bond Inv Tr

1

Inc

Fund

Fund'lnc

Green

Bowline

2

A

Fund Inc
Fund B__

Axe-Houghton
Axe-Houghton

■Rn^ton

5.22
4.14

Shares
1
Standard Oilstocks

series

Shares

10c

5

Corp

Invest

Street

Par

Mutual Funds—

5.73 , Managed Funds—
4.53
Automobile shares
lo
24%
26% *
Business Equipment shares.lc
3.95
4.33
Drug shares
lc
'
1
Electrical Equipment shares-lo
y 9% ..>10 V
General Industries shares__lc
8.00
8.65
.'Home Furnishings shares—lc
15.57
16.92 yNone-Ferrous Metals
!—lc
•
4%
5%v.
Paper shares..
lc
3
3%'
Petroleum shares
lc
94.67
98.61
Steel shares
_lc
19.83
21.44
8.49
8.50
Manhattan Bond Fund Ino__10c
16.99
18.37
Mass Investors Trust
1
Mass Investors 2d

1
IVi
10

Business

American

Associated

Bro^ad

Corp

Holding

Amerex

Blair

Inc

Ask

Bid

Par

Mutual Funds—

Aeronautical

Bid

3.72
4.02

4.43

3.12

Ltd
Trust

Fund

Century Shares
Chemical
Fund-..

—f

0y."

„

Balanced

National

anno

com__100 2 900
3,000
-...-100 145
150
Investment
1
5-84
t>.

Preferred

Commonwealth

4.04

Bond
Low

i.oj

1.48

200

Equity Fund Inc
Fidelity Fund Inc

4.02

First

Boston

First Mutual

15.03

16.43

2

13.65

14.65

1

9.20

9.95

Stock

7.10

7.02

5.53
14.79

.

General

General Investots

o
i•
•

•

1

3.44
5.50
6.53

3.94

Series

3.82

Fund

York

gtocks

shares

Automobile

9.63

1

6.73

6.73

-

1

9.86

supply

8.95

SSMMiri: S
Merchandising

1

11.30

lc

lc

10.62

lc

Equipment share?
stock shares

lc
Steel shares
lc
Tobacco shares
lc
Utility
shares
:
lc
Howe- Plan
Fund Inc
I V
Income Foundation Fund—-10c®';
Railroad

Institutional
Aviation

5r

Investors

Incorporated

1

11.33

Shares

Tobacco

9.54

Bank

Group

shares
Insurance Group shares

lc
lc

1.02

Stock

and

lc

13.77

83c
1.13
15.09

1

27.50

29.89

Investment

Bond

America

of

Co

Group

75c

Boston

1

7.36

8.07

Investors Management Fund

1

14.71

15.03

of

Investment Trust

Keystone Custodian Funds—
B-l

27.27

28.53

23.70
16.64
9.39
16.43

25.86
18.16
10.25
17.93

22.79
26.94
14.85
12.83
5.08

24.86
29.39
16.20
14.00
5.55

1

5.45

5.97

•
10

98.56
46.77

100.57
47.72

Bonds)
1
Bds)
1
Bonds)
1
B-4 (Speculative Bonds)
1
K-l (Income pfd Stocks)
1
K-2 (Appreciation pfd Stks)_l '
S-l (Quality common Stks)_l .
8-2 (Income com Stocks)
1
8-3 (Appreciation com Scks)_l
8-4 (Low Priced com Stks)__l *
(Investment

B-2

(Medium

B-3

(Low

Grade

Priced

Fund

Knickerbocker

Mutual Fund

Loo mis Sayles

Sayles Second Fund

Loomis

1-48

Ask

1.35%

Casualty

Aetna

Sc

Surety

Insurance

Aetna

Life

10
10
10

25

Agricultural

6-

1-48

11-

1-48

bl.55

1.35%

1.55%

7-

1-48

4-

1-49

3-

1-48

12-

1-48

bl.55

1.35%

1.55%

8-

2-48

5-

2-49

bl.GO

1.45%

1.55%

4-

1-48

1-

3-49

bl.55

1.35%

1.65%

9-

1-48

6-

1-49

bl.65

1.50%

1.55%

5-

1-48

2-

1-40

bl.55

1.40%

1.65%

10-

1-48

7-

1-49

bl.65

1.55%

1-48

8-

1-49

bl.65

1.55%

19.46
13.10
6.95

United States Treasury Bills
''

! J (h (1

9.66

1

4,

1948

12,

bl.10

1948

;

Dec.

1948
Dec. 23, 1948—
Dec. 30, 1948—
Jan.
6, 1949—

1.00%

1.00%

bl.10

1948—

Bid

Ask -'

■

.

0.80%

bl.10

1948

26,

Dec.

'

bl.09

1.00%

bl.10

1.00%

16,

11.43

1948

2.

9,

bl.ll

•Jan. 13, 1049
Jan. 20, 1949

1.02%

bl.ll

1948

*

New York

6.93

81c

51.50
Par

81C

Trusteed Industry Shares
25c
Union Bond Fund series A
1
Series B
1
Series C
—-—1

17.70

of

Bank

91c

the

Manhattan

Bid

Co—10

313

Ask

25

100

Bank of New York

21.06

Par

First

26%
328

10

Brooklyn Trust
Central

8.00

41%

100

10.90

Chase National Bank™:

9.82

10.02

Chemical

18.66

Commercial

16.22

1

1

17.44

Trust

Bank

&

t

Co

286
28

Irving

104

Trust

16

17

County

100 1,410

1,450

Lawyers

38%

Manufacturers

Trust

41-%-

,,

89%
43%

Morgan

&

(J

National

.

20

Trust

40 %

6.90

1
1

American

53

55

50

78

81

10

13'A

14'A

Title" Guarantee

10

31%

33'%

United

Companies

Trust

Bonds—
Par

Bid

5

29%

;

108

Public

Nat'l

Sterling

v

Surety

.-

Bid

Arkansas Pow & Lt 3y«s

Ask

Automobile

23'A
67 A!
37

83
81

Massachusetts

21'A
15
1914.
32
25 V4
69 %

Merchant

Shippers

«fe

Boston

1978

101'A

5

Fire-

General

Continental

Life

Casualty

Crum

10

Inc

6c Forster

Employees Group Assoc
Employers Reinsurance

*
10

Federal

*0
20

Fidelity 6c Deposit of Md
Fire

Assn

Fireman's

of

Phila_.

Fund

of Frisco

Firemen's of Newark™

•

10
10

10
10
5

■

21%

20
87
57%

Assur

59 %
35%

34%

36%

65

68

^8

152

146

64
81

61
78
15%

National

Causalty

National

National

York




29%
34%

__

Mont

5%

,

25
Trust

41'%

74

12

77

9%

100

10%

565

595

3%s_2003

Par

Bid

Ask

•

.

&

23%

24%

Refining

preferred

(Alan Bi

convertible

Laboratories

preferred—_20

18%

19

89

91

101'%

Elec

95

95'%

Pow

& Lt

4'%%. pfd.100

-

5%

1978

101'A

102

1978

101

IOIV2

3s

New

3s_'

England Power

convertible

Kansas

J

1978

101

k—

preferred—30

R_1982

100

101'A

98%

99'A

"

Pacific Pwr & Light 3V*s—1977

14%

15%

Pacific

25

26%

6%

5

7%

100

Pac Gas

Elec

&

3'%s

ser

New

Tel

Tel

&

3%s

1983

preferred

4.50 %

San Diego Gas & El 3s

1978

101

California

Southern

preferred

89%

92%

5

3%

4%

10

34%

36%

2

5'A

10

27%
80

94

(Indiana)

103

104%

100

pfd

103

105%

—

29%

12%

92'%

100

5'A%

Public Service

Edison—

100%

& Gas—

Okla Gas & El

50%

99

10C

N Y State Electric

■

102

i

95

England Gas & Elec—

4'%%

83

10

94'A

1017/a

47

2.50

preferred

Kentucky Utilities 4%% pfd-100

44

5

/

& Light—

100'%

100'A

City Power

101'%

3s:

51%

10

Fire

-

Power

Ohio

32%

10

83

Preferred Accident

Providence-Washington

3s series B

1973

101'A

101 Va

3.50%
Public

West

Penn

Power

1978

3s

101

Republic

Corp

(N Y)

(Texas)

preferred

Service

of

79'%

81%'

15

15%

100

94

95

*

13

13%

100
New

Mexico.7

101%

-

Tennessee Gas Transm's'n Co—

Wlsc-Michigan

100'%

3s—1978

Power

4'A%

101 Vi

Texas

Reinsurance

6

preferred

Eastern

Tucker

Corp

Transmission

"A"

1

2 Vo

2%

15%

;

31%
122%
36%

Surity

10

51

10

31

33

Springfield Fire & Marine

10

46%

48%

Standard Accident

10

33%

35%

(New Haven)

a

Odd

Included

change.
dividend.

!

Travelers
U S

119%

Nashville

&

38%

25

28
77
34'A

10
10
10

100'%

36%

Indemnity Co

11'A

i

1978

3y«

49%

Fire

10%

Steamboiler

39%

87%

Holly Sugar Corp—

29%

Pacific

Security

Fire

Lt

30%

12.50

Seaboard

Hartford

&

95%

2

Phoenix

49

Hartford

Louisville

Narragansett

8 %

Pacific

24 %

Hanover Fire—

Pow

1967

5

Fire

River

27%

10

Northeastern

47

73 i;
32%

&

&

Trust

Oil
conv

Florida

31

7%

(Detroit)—10

Fire

Hampshire

New

21%

<■

Trust.17%

'•

31

Fire

Union

Glens

25

2%s

Packing

24%

29

Amsferdam Casualty

General Reinsurance Corp

10
3
Globe & Republic—t5
Globe 6c Rutgers Fire com—15
2nd preferred—
15
Great American
5

Du

Cudahy

48 'A

23'A

29

___0

St Paul Fire & Marine

Falls———

Bank

States

Ashland

16%

46'A

4

Northern

33%

41

84%

-

North

Camden

Connecticut

220

25

Stocks—

Ask
102

4%

New

63

Fire

15%

5

Bonding

Merchants <fe Mfrs

New

Bankers

39

National

31'A
112

Louisiana

Casualty common
1
$2.10 Prior preferred
10
$1.05 Convertible preferred_5

10 %

10
25
10

54%

214

Security Issues

40

25
10

Reserve

American

52%

100

2.56

10

30

20

47

3.56

Series 1955
Series 1956

20

19 %
13 %
18

Equitable

American

30

45

12%

Trust

Fiduciary

2.57

Co

Inc

295

24%

Federation Bank & Trust

7.95

2.26

Co

City Bank

York

New

42'A

23%

r

10*

P)

25

Empire Trust

Unit Type Trusts—
Diversified Trustee Shares—
Series E
2JK)
Independence Trust Shares
1
North Amer Trust Shares—

Insur Co of North America

9

10

Trust

36%

_16

Continental Bank 6c Trust

Jersey Insurance of N Y

Assur
5
American Fidelity & Casualty_5
American of Newark
2%
American Re-Insurance
10

Casualty

American

Ask

1,325

100

86%

Trust—10

National Bank St

Trust

Corn Exchange Bank & Trust_20

Home

—

Bid

100 1.265

Industrial Bunk of Commerce_10

43%

100

Hanover Bank & Trusts0

17.00

10.03

Bank

Kings

Bankers Trust

18.83

6.07

Union Preferred Stock Fund—
Union Common Stock Fund
1
United Income Fund Shares—_
Wall Street Investing Corp
1

National

Guaranty

19.93

55%
71
,
2414

bl.12

-

Gity Banks & Trust Cos.

89c

48.50

Standard Inves Co Inc
10c
State Street Investment Corp.*

51

23
43%

Automobile

—•

1.02%

12.37

20%

6.33

52%
67

10
4
-5

Alliance

American

bl.ll
bl.ll
bl.12
bl.12

—

28.73

20

Maryland
American

Ask

1.02%
1.03%
1.03%
1:06%
106%
1.08%

bl.ll

50.70

•
r.

Whitehall Fund Inc——

1948

18.

Dec.

3.19

26.72

2%

:

28,

Nov.
16.40

2.91

1

Sovereign Investors.

Nov.

15.25

1

,

Nov.

10.92

25

1

Putnam (Geo) Fund
Republic Investors Fund
Russell Berg Fund Inc
Scudder, Stevens & Clark

10.59

Oct.

Nov

5

Petroleum & Trading

8.04

9.96

r

6.93

7.34

1

equipment

Railroad

11-

1.65% wi

10.35

81
49
•

1.45%

1.55%

$1.20

Aetna

Ask

1.40%

1.45%

6.32

Ask

Bid

Par

Bid

bl.55
bl.00

Recent

Insurance

3-

1-48

6-

1-49

Due

Dated

1.55%

12.10

17.76

1
1

Shareholders Trust of Boston—1

8.71

11-

Rate

Bid

bl.55

Due

2-48

10.75

9.44

6.34

I
lc

11.04

11.95

St

Ltd—

shares

Group

1949

1,

12.02

Industry

6.35
4.48
5.80
4.76Fund Inc
1.76' j.
24.92
Selected Amer Shares

4.41

Oct.

9.(JO

10.97

2-

12.01

8.76

Dated

1.50%

12.42

10.96

9.10
2.73
4.75
5.81

1.71
23.05

Rate

14.12

^ahdsing
Metals

8.08
6.20

5.35
5.85
4.12
5.34

1949

1,

Federal Intermediate Credit Bank Debentures

11.27

12.88

?'.U

8.39
2.50
4.37

100.0120
99.9580

1,

June

tl 'As

12.38

1

series

bond

SaeMnery III

8.43

6.55
7.45
5.71

lc
lc

shares^

Bond shares

Railroad
RR

shares..

shares

Mining

Petroleum

72

| i:

Low PrnicgedC°s'Sy

1, 1949
1, 1949

Mar.

tl%s July

9.81

Diversified Investment Fund.l
Diversified preferred stock
1
Electricial equipment
1
Insurance stock
1

g6

11.72

w
7.73

1949

100.0070
100.0023

'

10.81

1

stock

9.81

TA^SSSss^nsss^n
General bond shares
lc :

t

ii

10.82

1949

tl'/aS

7.38

Corporate

6'g2

m n?

Equipment shares lc

Electrical

.

1,

7.38

1

Diversified

6'2i

•

•

tl'/aS Feb.
tl'/eS Apr.

10.55

*1

Bank

_

•

•

shares

Aviation

Building shares
Chemical shares—---—---

.0628

16.13

Aviation

Building

••

100.0158

100.0345

U'%

Jnc__

Automobile

7 5Q

io

1949

.1%%

4.17

15.04

1

Chemical

Securities—
Agricultural shares

.0267

1,

1950_.

tApril 1,

4.31

New

*

Group

99.9463

tl%s Jan.

7.14

1

100.0082

.0213

6.01

1

.0214
.0124
.0093
.0250
.9700
.9599

100.0156

3.76

1

Ask

Bid

Indebtedness—

of

.1%%

5.07

Series

series

Agriculture..

■

•

Maturity—
Certificates

1949—.

1.

7.67

4.64

tJan

...

oo ,4

5.9*

Inc..—2
A..2
1
Trust
1

Trust shares
Capital Corp.

119%

Price

Ask

Bid

Int. Rate

Maturity—

7.34

6.50

1

SetlM

6.72

x

1

Bond

Lqw priced Com gtock Serlef

2U ,a

118'%

-lflfll

Canal 3s_

U. S. Certificates of Indebtedness
Treasury Notes—

t

ser.es
Prlced

New England

1Q

4.iy

1.93

Fundamental Investors

Fundamental

•

°

Fund Inc_l
Corp
-10
Trust Fund
1

Financial Industrial

100.3

100.5

8.08

Selected Group Series

•

100
100.2

.

Other Issutt

13.03

industrial Stock Series

24.bj
•

1949

28.69

stock Series

*

1949_.

15,

Panama

Security Series-

income

y

Fund_i-.

Stock

22,

Sept.

securities-

Speculative

Howard—
Balanced
Fund

July

l%s

100.24

Ask

100.3

5.33

7.37

■

Baton 6c

1.65s

-

1949
1949

5.25

4.84

98.12

%

98

100.12
100.12

20,
15.

4.59

4.76

1952-1950

4.16

4.16

12.05

Pund

Preferred

25c

Shares

1953-1951

1955-1953

Jan.

Apr.

100.4

100

l%s
l%s

4.45

3.77

26.54

Investors Corp

Nati0nal

Fund

Delaware

Dividend

1,

Bid

100.1

99.24
97.28

Dollar

Nation.wlde

34.41

3..00

1

Securities

Christiana

^O.i«
b.^u

18.41
4.10

l,

1,

■

point

Banks—

Loan

Home

99.16
99.16

2%s Feb.

4.69

Federal

Ask

97.16

1, 1950-1948

iy«s May
l%s Jan.

4.63

_1

Mutual Invest Fund Inc

in

on

toil

1
1

Ltd

Oct.

1 VaS
•

3.44

4.25

4.20

1

Fund

i

.

Inv

Bid

Federal Land Bank Bonds—
4.10

■

Fund

Bullock

Canadian

Figures after decimal point represent one or more 32nds of a

Ask

U

U

S

Fidelity & Guaranty Co

645

2

50 »A

Fire

-

x

Ex

n

year's

39

range),

e

In year's range),

(Un) Admitted

dividend;

y

to

Ex-rights,

b Big yield price,

Ex-interest... f Flat price,

Unlisted
z Ex-stock

r

Cash sales

Trading

k Admitted

-d Deferred delivery sales
to

(not included

privileges,

wd When

listing

on

N.

Y.

in year's range),
delivered,

Stock

(not
Ex¬

t Ex-stock

wi When

.Issued,

dividend.

59
80

37

(not Included

Admitted to trading N. Y. Curb,

52'A

76

10

2.50-

670

56

4

Fire

S Guarantee

Westchester

100

lot sale

in

♦No

dividend

par

paid

value,
on

tin

May

default.

10.

tThese

bonds

are.

subject! to

all

Federal

taxes.

tEx

$40

cash

Volume 168

Number 4745

THE

COMMERCIAL

&

FINANCIAL

CHRONICLE

(1729)

THE COURSE Or BANK CLEARINGS
Bank

clearings this week

will

Preliminary figures compiled by

show

increase

an

based

compared

with

a

year

1948

Third

upon

At this center there is

gain for the week ended Friday of 9.1%.

a

parative summary for the week follows:

Our

1947

$7,494,212,792

Chicago

$6,868,416,233

649,117,051

Philadelphia

542,277,730

335,440,936

358,022,000

Pittsburgh

:

354,628,000

346,427,780

Cleveland

318,678,983

323,291,732
232,552,622

+

+

7.3

Fifth

West

Ten

cities, five days

$11,697,593,845

Other

$10,903,197,016

cities, five days

2,779,283,170

2,794,220,645

Cities, five days

Complete and
of

exact

next

week.

We

+

we

detailed

District of

ended

Oct.

16.

For

that

as

there

the

going to

—

We

totals record

register

of

0.1%.

,

In

the

Seventh

group

In the

are

Federal

Reserve Districts

Boston

2nd

New

3rd
•

4th
5th
6th
7th

8th

9th

,

10th

———11

a

Richmond'
Atlanta

loss of 0.7%

Louis

.Total

•

_

4

44

547,897,004
441,720,609

442,198,771

New

44

505,039,985

44

305,596,570

York

754,621,317;

592,619,635

8,273,287,641

Des

add

now

week ended Oct.
•

■

;;

detailed

our

1,045,866,547

YYY/.Y

;

839,496,696

at—

$

1,013,182,609

Portland

4,559,660

435,633,908

2,079,835

2,072,818

816,634

822,020

New Bedford

2,095,486

Springfield

>

5,724,982

+
—

,

2,694,498

78,885,067

59,325,650

109,772,971

74,141,657

6,722,389

+ 13.5

5,862,808

5,441,152

—-*14.7

427,592

4.3

153,116,472

376,729
48,986,845

3.7

702,106,415

445,767,351

—

+

1,490,142

2,574,350

11,336,017

+

3.4

5,791,076
7,090,667
54,419,000

5,341,390

+

8.4

—42.1

6,114,703

;

'

1,371,211

0.3

+

6,115,331

747,493
5,961,328

9,029,236
5,741,174
5,606,830
55,126,000

+16.0

51,207,000

2,992,612
3,705,776
37.994,000

+14.9

5,207,674

1.6

4,602,680..—12.2

28,248,951

57,646,558
3,464,981

32,990,003 '—14.4

13,574,092

" Y 22,952,536

14,503,143

—

6.4

1,095,380

10,477,840

1,128.005

9,066,927

—

2.9

786,094,934

786,561,187

—

0.1

1,458,621
813,471,569

573,246,989

8,579,811

4,692,766

%

$

60,125,220
—
k

—:

4,526,838

12,957,378

5,251,492
4,421,855

(16

1,007,276,051

Cities)

—

7,254,707

12,357.532

1,014,079,998

—

3,737,452

j

61,090.663

4,040,679

—37.6

j

40,694,203
v-2,322,785
" 19,716,707

"

951,096

—

4.6

2,937,829

5,390,648

—

2.6

4,938,300

4,912.784

—10.0

5,112,439

2,618,572

0.7

1,013,182,609

721,661,791

0.1

+ 16.7

238,700,000
119,353,474

8.9

113.237,006

5.6

2,411,425

—

270,100,000

—

121,196,522
147,405,669

—

134,345,941
2,035,206

.:..YY;YY

;

v

2,156,033

—

.*

-r

>■■■

Federal

:

Reserve

vYYyY/A

■

•

Y

541,159,124

10,097,286
3,115,799

Y

YYY+YY; +Y,

+

>+

+

1.2

185,800,000
90,976,719
;

473,701,905

72,247,573
1,357,000

>

!

•

-

.

547,897,004

Y'YY^YY'
Ninth

270,400,000

141,415,857

Total (4 Cities)

f>

350,381,202

.%

-;;'"Y

District—Minneapolis—

Minnesota—Duluth

8,331,799

7,622,619

316,570,901

316,899,268

—

0.1

6,979,125
270,407,363

88,501,873

Minneapolis
St. Paul

226,461,001

90,845,383

—

2.6

82,628,724

58,523,288

+

9.3

6,101,915

South Dakota—Aberdeen

+

5.2

7,069,866

4,003,683

4,808,430

3,974,145

+

0.7

Montana—Billings

3,060,428

4,927,440

2,252,588

4,680,894

+

5.3

D.l

761,186,352
15,153,720,331

12,165,483,848

0.7

7,154,091,372

Dakota—Fargo

8,650,555

Helena

608,829,390

3.1

8,226,678

+

7.9

4,020,209
10,072,987

—

O.i

384,238,702

307,666,921

382,961

282,169
339,442
4,727,978
97,171,809
2,957,376

3,229,341+

5,431,865,970

each

10,734,358

Total (7

cities)

Federal

441,720,609

Reserve District—Kansas

Nebraska—Fremont

city for the

i

V-

9.4

1,558,909

943,615

6.1

4,322,519

3,348,475

7.1

500,197,629

0.3

2,104,941
937,875

132,159,637

+25.2

5,180,025

12,488,791

—

1.0

336,825,704

—

1.6

6,107,092
224,659,406

10,957,543

11,370,152

—

3.6

8,579,095
263,936,437
7,345,149

1,701,524

0.7

515,568

7,184,735

331,539,678

Missouri—Kansas City_
St. Joseph

.

6,290,358

8,278,974
12,363,564

...

Wichita

$

9,949,784

128,760,636

Kansas—Topeka

1945

"

442,198,771

506,869

Omaha

""

'

*500,000
7,251,663

Lincoln

Y

,

City—

i

Hastings

545,847

6,610,010

—

.

1.7

—

8.4

474,927

+

0.9

6,333,030

—

2.6

117,939,409

6,715,365

588,412

Colorado—Colorado Springs

417,150,403.

2,475,192

5,574,947

6,106,780

1,875,410

+35.5

2,339,695

1,819,205

'+'28.6

1,744,381
1,672,051

2,195,247
1,223,256

505,039,985

Total (10 Cities)

511,395,059

1.2

413,587,465

346,379,140

3,593,587
152,940,000

—

Eleventh Federal Reserve District—Dallas—

1,820,349

8,918,269

2,541.363

Pueblo

5.7

+

0.8

>

v

—

3,776,226

9,757,199

24,921,300

1,793,897

•

.23,149,283;

—

7.3

,+ 18.6

520,942,248

—

7,352,015

30,412,600 ;<

6.5

39,725,796

3,206,150

3,065,587
80,237,878

—32.7

34,908,503

+

4.6

Buffalo—

82,200,000

-i

-

-

•

2,646,590

+

2.4

87,456,774

1,537,778

;
,

Syracuse

2,455,319

5,888,789,041

;

' Rochester

1,946,355 -—21.0

2,213,694

6,363,618,230

-

Jamestown
New York

0

•

19,846,631
i-w

Connecticut—Stamford
.-.

_Y

Total (12 cities)




12,876,096

10,182,218

New Jersey—Montclair.

Northern New Jersey

19,345,773

12,578,788

—

.+

10,432.169

748,200

41,925,227

48,480,658

53,238,563

.

—

'+
—

—

+
—

:
-

Federal

1,969,216

13,991,428

12,840,207

7,940,395;

■

6,629,686,897

—

7.4

7,306,365

+

2.0

179,229,447

188,216,325

3,553,000
2,123,097

8tockton_

—

4,651,435

—

7.5

5,456,062

4,293,502

152,074,072

+

2.1

115,408,191

83,029,537

57,495,367

+

8.3

52,427,140

37,047,448
9,027,365

11,441,259

9,764,437

8,207,842

7,780,741
388,516,050

12,962,796

11,857,219

4,408,140

i.

107,566,764

+ 17.2

12,870,122

—

5.5
1.1

430,889,208

+

9.3

88,197,489

+

8,930,092

*

6.521,718

359,124,408

11,682,510

+14.1

4,151,108

—

1.1

8,499,401

6,651,389

754,621,317

755,141,339

—

0.1

761,186,352

608,820,390

13,024,070,948

13,446,356,846

—

3.1

15,153,720,331

7,135,281,907

7,082,738,616

+

0.7

7,154,091,372

12,165,483,848
5,431,865>970

v

3,863,454

6.8

8,925,192

8,829,838

...

Total (10 cites)-:

'

ul.

7,665,560'

792,122

8,273,287,641

9,558,327

.

Grand

601,956

lY;:30,B04,24S->

Total

(111

;

cities)
'

1

41,372,156

•

-

6,140,356,877

5.8

110,213,372

384,272,887

San Francisco

Santa Barbara
'

10,076,482'

53,331,700

+

18,700,276
-

62,287,787

San Jose

6,733,617,878

21,079,669

8.9

3,4-14,398

4,304,446

Pasadena
>

7,999,628,959

102,711,876

California—Long Beach

1,411,393

46,371,839.

299,564,765

+21.6

155,194,446

Utah—Salt Lake City

1,111,156

2.6

.v

10,050,373

4.7

26,835,394
5,816,000

Reserve District—San Francisco—

Oregon—Portland

68,193,010

2.3

4.6

3,384,242

305,596,570

Yakima

2,117,850

7.5

2.4

—

6,573,000

10,631,163

Total (6 Cities)

21,229,179

2,185,580

v

9.8

819,904 +—8.7

—43,851,651
—

—

126,158,000

1.7

483,472,695

'

Blnghamton

7,457,328

1.8

—

6,261,000

Louisiana—Shrev^port

Twelfth

26,722,068

+ 16.1

+

27,919,485

4,116,754

Washington—Seattle
.-————

6,320,665

245,317,000

27,450,347

Galveston

879,182

592,619,635

7,339,506
249,797,800

Wichita Falls

21,745,900

1,351 864

'' :

Dallas

Fort Worth

18,591*647

11,083,774

) + 14.0

1,512,648

I 487,295,236

9.8

Texas—Austin

.

•

Second Federal Reserve District—Now York—

Newark—.:

3,848,754

4.1

188,216,325

+

24,016,358

11,124,979

-

—

•New Yo rk—A1 b an y

<

+ 12.5

+ 11.3

—

346,379,140

—16.6

7,507,045

23,105,500

-

Total (12 cities)

t

46,504,414

179,229,447

$

—

5,678,640

21,671,751 I

New Hampshire—Manchester

Blmira-

+ 12.6

13,828,002

191,100,000
3,368,404

413,587,465

'

New Haven

•

4,793,347

15,617,064

.65,682,214
264,000,000
Y'Y 4,893,873

V

.

'1.2

1946

—

2,513,022

.-7,933,959

'Rhode Island—Providences

.

4.4

•

i

Connecticut—Hartford

:r

7.3

+ 16.1

2.0

•

Worcester.

+

+

North

> V '

—

2,448,442
53,691,248

307,666,921

Dec. %

1,947,630

4,280,549

FaU River

•"<

384,238,702

Inc. or

$

404,902,958

Lowell

348,452,802

11,722,444

V

350,381,292

0.1

.

Massachusetts—Boston

475,216,917

16,539,681

Y.

1

Kentucky—Louisville
Tennessee—Memphis
Illinois—Quincy

721,661,791

473,701,905

+

1947,

1,764,706

165,759,018

75,448,239

7,025,749

Rockford

655,405,194

1.2

V

.-.

229,866,694
71,484,698

266,900,000

662,612,481

Peoria

348,452,802

—

Flrat Federal Reserve District—Boston-

Maine—Bangor

3,321,676

4.7

+.2.9

665,018

Decatur

Week Ended Oct. 16

:/■

0.5

+

117,860,487

Chicago

445,767,351

;Y
1948

Clearings

1,886,292

District—Chloftfo—

Arbor

Sioux City

'

475,216,917

showing the figures for

Y'v'Yy:

■YrV

4,724,249

3.7

+

—

434,387,280

687,270,859

Reserve

779,094,741

702,106,415

+

16 for four years:

Y- --Yy;+YY;-+vY

3.583,261

566,955

Illinois—Bloomington

6,930,156,206

0.7

—

7,082,738,616

statement

+ 11.2

83.652,969

7,628,592

Moines-.-..—

Tenth

We

8.5

+t

195,083,952

Terre Haute

483,472,695

3.7

—

13,446,356,846

7,135,281,907

8,916,000
115,751,802

2,592,320

Eighth Federal Reserve District—St. Louis—

2.9

+

7.55,141,339

City

2,729,509
11,897,000
155,917,340

—

136,762,276

112,760,398

Missouri—St, Louis

4.0

—

299,564,765

44

13,024,070,948

1.4

3,120,822

12,184,000

97,431,655

Wisconsin—^Milwaukee

1945

2.7

—

511,395,059

6
10

-111 cities

655,405,194

108,404,493

"

10

—-i

839,496,696

3,823,120

Iowa—Cedar Rapids

$

+

541,159,124

44

_

4.0

72,428,545

South Bend

the

+

662,612,481
1,014,079,998

7

City-!

-

687,270,859
1,007,276,051

—

Francisco.—

Outside

434,387,280

44
44

.

Minneapolis

San

456,791,442

+

10

'11th Dallas —'
12th

44

1946

6.5

+

796,744,000

828,728,176,

+

4,302,623

Indianapolis

and

District

-7.4

—

—

838,444,884

16

Chicago

Kansas

44

6

—

520,942,248

6,629,686,897

861,476,822

or

Dec, %

6,140,356,877

-

44

7

—

Inc.

$

487,295,236

44

12

Cleveland

St.

cities

—12

York

•':

796,744,000

19,126,200

CLEARINGS
1947

$

_

Philadelphia

BANK

245,875,734

5,398,963

by -Federal Reserve Districts:

1948

Week Ended Oct. 16

1st

OF

289,271,852

69,429,886

Lansing
Indiana—Fort Wayne

Total

8UMMART

9.4

19,197,613

Springfield

we furnish a summary

+

4.2

+ 15.6

District—Atlanta-

Grand Rapids

an

following

325,632,687
27,782,800
3,548,736
6,770,530

+ 11.2
—

80,981,336
278,600,000

Federal

Michigan—Ann

increase of 2.0% but in the Kansas
City Reserve District the totals
decrease of 1.2% and in the San Francisco
Reserve District of 0.1%.

a

0.9

259,150,917

456,791,442

.

Total (10 cities)

Philadelphia

Dallas" Reserve

Reserve

_

Louisiana—New Orleans

The St. Louis Reserve District has
to its

Chicago Reserve District suffers

Federal

—

Mississippi—Vicksburg

Cleveland Reserve District
improvement of 4.0%, in the Richmond Reserve
District of 2.9%

Reserve-District

—

Mobile

the week

(including this city) the totals

Minneapolis

3.3

6,332,534

4,396,246

3,602,098

Macon

located and

are

smaller by 7.4% and in the Boston
Reserve District by
6.5%, but in the
Reserve District-the totals are
larger by 2.7%.
In the

and in the Atlanta Reserve District
of 3.7%.
credit a gain of 1.2% but the

+ 11.3

+
—

31,414.200

80,572,501

Florida—Jacksonville
Alabama—Birmingham

was

the cities according to the Federal
Reserve Districts in which
they
from this it appears that in New York
District

the

4,599,454
131,818,130
246,669,107

7,061,698

204,232! 851

Nashville

press.

present further below

7.5%.

an

7,091,170
179,398,921

169,836,766

318,551,639

3 076 701

Georgia—Atlanta
Augusta

a
decrease of 3.1%, the
aggregate of
clearings for the whole country having amounted to
$13,024,070,948 against $13,446,356,846 in the same week in 1947.
Outside of this city there was a
gain of 0.7%
the bank clearings at this center
having recorded a decrease of

the totals show

779,094,741

13,217,000
152,090,231

Tennessee—Knoxville

week

has to be estimated.

cases
we

of

complete results for the week previous

week

1,045,866,547

'

Columbia—Washington

Total (6 cities)

5.5

+

inasmuch

at time

statement, however, which

able to give final and

are

2.7

+

Reserve District—Richmond-

Maryland—Baltimore

the foregoing will appear

furnish them today,

Saturday and the Saturday figures are not available
Accordingly, in the above the last day of the week in all
the elaborate

838,444,884

Virginia—Huntington

2.9

ends

In

Federal

Sixth

the week covered
by

cannot

7,269.888

9,814,178

828,728,176

,

Richmond—

_

5.7

+

800,981,722

$15,301,249,646 $14,498,399,383

—

details for

0.5

7.323.336

Virginia—Norfolk

0.5

—

$14,476,877,015 $13,697,417,661
824,372,631 ;

Total all Cities for week

issue

1

-

+

+ 17.1

283,460,615

South Carolina—Charleston

day

one

8,391,189
8,920,074

34,928,900
4,211,433

Total (7 Cities)

3.1

4,656,813

+ 15.3

239,688.873

0.1

3,420,005
1,843,886
2,263,591
5,933,182
5,160,172

7,856,205
175,409,507

Pennsylvania—Pittsburgh

8.7

+

+

4.663,684

315,538,180

1.0

+

2,772,377

District—Cleveland

Youngstowu

1.9

372,784,997

Baltimore

our

+ 15.0

+

5.3

2,493,507

5,322,270

+

861,476.822

Cleveland-—.

"

834,893

2,353,100
753,000,000

1,005,000,000
3,198,066

—10.4

2,479,340

.

8 436 764

Mansfield:.

315,100,000

2.6
0.7

—

795,751
996,654

10,447,955

Jersey—Trenton

Columbus

2.8

♦

1,681,430
1,279,566
1,132,077
3.739,882

+ 22.6
+

3,415,926
5,652,406

5,065,759
4,669,705

0l!1°~Cant°n
Cincinnati

'

Ban Franch-co

cities,

3.2

—

291,780,889

321,000,000

2.1

+

■

1945

$

3.2

+

2,861,030

2,611,263

Fourth Federal
Reserve

9.1

+

1,021,000,000

526,899,416

St. Louis

in

+

635,470,827

»

1,054,000,000
*__!

Kansas City.

All

1c

.

Total all

799,000,000

3,393,462

Total (11 cities)

1948

1946

«

+ 14.3

1,064,176

York

>

Week Ended Oct. 23

950,262

1,098,314

Delaware—Wilmington—.

New York

or

+ 10.8

3,507,633
820,000,000

Wllkes-Barre
..

Inc.

Dec. %

1,046,797

1,0861416

Philadelphia
Reading—

New

Boston

1,159 551

Scranton

com¬

$

District—Philadelphia—

Bethlehem———

„

,

Clearings—Returns by Telegraph

,

Reserve

1947

*

■

Chester—
Lancaster.

of the corresponding week
last year.
Our prelim¬
inary total stands, at $ 15,301 $49,646 against
$14,498,399,383 for. the same week in

1947.

Federal

Pennsylvania—Altoona
:

weekly clear¬

ings will lie 5;5% above those

y'Y

;

ago.

telegraphic advices from the chief
cities of the country, indicate that for the
week ended Saturday, Oct.
23, clearings
for all cities of the rUnited
States from which- it is possible to obtain
us,

45

Week Ended Oct. 16

.+6,930,156,206

,-W

^Estimated.

'

"

tFigures previously erroneously reported for Terre Haute as clearings
were
actually
debits.
Terre
is therefore being eliminated from the tables until
clearings are received, if such are available.

Haute

_

46

Monday, October 25, 1948

FINANCIAL CHRONICLE

COMMERCIAL &

THE

(1730)

Company and Issue—
Hoe

Foreign Exchange Rates
to

^ V.'1

'

■

FEDERAL RESERVE BANK TO TREASURY UNDER TARIFF
15, 1948 TO OCT. 21, 1948, INCLUSIVE 1;
: t'

BY

CERTIFIED

RATES

EXCHANGE

FOREIGN

OCT.

,

PARTIAL

.. . .

t

■— >

.

Jan
Jan

Unit

Country and Monetary

Buying Rate for Cable Transfers in
Value in United States Money

New York

5%

1st

Ambassador
Oct. 21

Oct. 20

Oct. 19

Celotex

297733*'
.251247"
.200000*
3.212296

^

industrial products
pound-

For certain

Australia,

.022850
.054406

franc—
cruzeiro

Belgium,
Brazil,

Official

koruna

Czechoslovakia,

.208535
4.031484

Denmark, krone

England, pound sterling
France
(Metropolitan), franc-

.004671"
.003196"

Official
Free

Dominion of,

Mexico,

rupee

guilder

1.000000
.928125
3,991542

Official

II
pound

Zealand,

:

peseta

ppain

-

-

krona

Switzerland, franc

:

Uruguay, peso

Uruguay, peso

Hanna

.054406

.054406

Lake

(M.

1.000000

Oct

29

1241
1358

1962—Nov

1

1360

846
1581

due

4%

due

stock-

1960

debentures

due

-

.927500

.928281

.020060

.020060

.020060

.208535

.208535

Co.—

1961, 4 V2 %

$4.25

preferred stock

ser.

*

944
1256
548

Placid

Co.,

preferred stock

Nov

1

.208535

4.031484

4.031484

4.031484

National

Dec

:

2nd

Vulcanized

Fibre

1484

Co.—

4*/4%

debentures,

due

1960

4 y4%

debentures,

due

i960

Nov

12

1585

Nov

15

1585

Peoples Brewing Co. of Trenton, 1st mtge. 4s, due 1953_Nov

1

1366

Rumford Falls

Portland

»«■

&

Spalding

*«

(A.

G.)

&

-

Ry„

1st mtge. 5s, due
Inc., 5% debentures-

Bros.

1367

1

1951-Nov
,_Dec

1

Twentieth

Century-Fox Film Corp. prior pfd. stock
Nov 22
Wisconsin Public Service Corp. 1st mtge. bds. due 1977_Nov
1

.301678

.301678

.301678

.144416

.144416

.144416

.376000

.376000

1.000000

1.000000

ENTIRE

.923541

.925000

3.991542

ISSUE

1487
1406
1406

CALLED

Company and Issue—

.925625

3.991542

3.991542

A.

W.

P.

Date
series

notes,

due

F,

1955—

Jan

.201580

.201580

.040312

.040321

.091324

.091324

.091324

.278228

.278228

.278228

.233629

.233629

Motoramp

4.007500

4.007500

.658300" +

.658300"+

.658300"+

.588223"+

.588223"t

.588223*+

.561799*t

.561799"+

.561799"+

.531909"+

.531909"+

,531909*t

1477
T2410
12142
•
1259

1

Country Life Press Corp., 6% preferred stock
—Dec
Kingsburg Cotton Oil Co., convertible preferred Stock__Nov

.233629

Appalachian Power Co., 6% debs., series A, due 2024_July 1, '49
Butte Electric Power Co., 1st mtge. 5s, due 1951
Any time

Illinois,

of

Garages

1
1

Inc.—

1

1364

6% bonds, due 1949
Anytime
New-York Gas & Electric Light, Heat tt Power Co.—

1257

1st mortgage

4.007500 "

-

Page

Paper Co., Inc.—

convertible

6%

.201580

National

•?£??!!?!!
.58A223 t
.561799*+
.531909*+

;

.375811

1.000000

4.007500

Closed

1

mtge,, 3% bonds, due 1972
Nov
1
7% income debentures, due 1969—-Nov 15
Minneapolis Gas Light Co., 1st mtge. 4s, due 1950
Dec
1
National Container Corp., 5%
1
debentures, due 1959—Nov

1.000000

.926015

.091324
.278228
-233029

/

Sash

income bonds

and leasehold 5%

Nov

Weight Corp.—

1st mortgage

Purchase

Ohio

merchandise.

1st

Co.,

*2004
81581
1259

bonds, due 1949
Anytime
debenture bonds, due 2024—Jun. 1, '49 preferred stock
'.Oct 28

4%

money

Power

Pickering
Revere

tApplication depends upon type of

""Tcmperarily omitted

"Nominal rate.

1

15
1st ref. mtge. 5s, due 1949_Nov
1

Corp.

Water Co.,

Co.,

A.)

1477
*

31

due

bonds,

.040314

'.

Uruguay, peso

.022850

1.000000

1.000000
.923750
3.991542

**
**
**

,

—

Uruguay, peso

Great South Bay

3.212296

Paga

1952_Nov
Nov

bonds,

inc.

preferred

debentures

due

*

1628

1959—Dec

mtge.

5%

Rubber

debentures,

.022830

.

Closed

&

' ' *

:

Marshall-Wells Co.,

.

n

4.007500

pound

Africa,

South

of

Union

'

•

3%

3.212296

.301678
'J4428]
.376000

.201580
.040328 .091324
.278228
.233629

;

krone
Portugal, escudo
Norway,

ISweden,

/

.200000"

Tire

1st

Corp.,

Manufacturing

.054406

dollar-

Newfoundland,
free

,

.200000"

**

,

.301678
.144291
.376000

.

peso

Netherlands,

■

Firestone

.022850

1.000000
.926093
•??????
.208535
4.031484

Closed

Dodge

.251247"

.200000*

_

-*

$

.297733"

.251247"

3.212296

.022850
.054406

,

1.000000
.930625
.020060

_

I

Pree

New

'

dollar—

Oanada,

JCndia,

Closed

$
.297733"

.251247"

.251247
.200000*
3.212296

Inc.,

Corp. 3V4%

$
.297733"

$

.Argentina, peso—
For
"regular" products
For
"non-regular" products

East,

Viscose

American

'

Date

Central Terminals, Ltd.—
mortgage deb. stock and

Algoma

.

Oct. 18

,i

Oct. 16

Oct. 15

•

548
548

REDEMPTION

Company and Issue—
Noon

'

1
1

Co.—
Guaranteed gold trust certificates, series E, due 1952 Oct 29
Texas Gulf Sulphur Co., capital stock
'
Oct 29
Wisconsin Central Ry., 1st gen. mortgage 4s, due 1949„Oct 25

ACT OF 1930
v..*■'

1362

Oct 25

Corp.—

Pennsylvania

just passed:

give below a record for the week

Mortgage

20-year collateral trust bonds, series A, due 1954
Special interest notes (unattached to bonds)

1930, the Federal Reserve Bank certifies daily
in the different countries of the world. We

requirements of Section 522 of the Tariff Act of
the Secretary of the Treasury the buying rate for cable transfers
Pursuant to the

Union

Pago

Date '

& Co., Inc. class B stock

(R.)

National

6%

Lumber

Co.,

Copper & Brass, Inc.—

Nov 15

1588

3

1486

Dec
1
Dec
1
—Oct 30

1149
,1149
•

1960

mortgage 3V4% bonds, due
Water Works Corp.—

Richmond
1st

reporting member banks,, and increased! $31,000,000
Holdings of United States Gov¬
ernment bonds decreased $31,000,000 in the Chicago Dis¬

at all

Federal

Statement of Condition of the 12

in the St. Louis District. '

•

-

.

(In thousands of dollars)

-

A

.

( + ) or

Increase

■

;

$

$

22,078.431

certificates—

Oold

1948

1948

Assets

for

fund

Redemption

^ 630,961

i-l

22,709.392

Total gold ctf. reserves
cash______

+

advances

industrial loans

Acceptances purchased
XJ. S. Govt, securities:

—

Bonds

—

2,122

+
+

A

summary

Total

—111,361

securities—

23,481,626

—322.060

of

°

banks

49

32,304

•

+
+

+

3,151,063

premises

—

-

24,046

+284,782

139,407

banks

other

items

5

—

—

182,708

+

9,882

49,963,722

+

25,984

Other assets

+

■

,

46

Investments—total

and

Loans

8,651
183,839

Loans—net

Loans—grosst

970

industrial,

Commercial,

128,780

assets

—

24,041,356

notes

85,831

—

—

bank—reserve

XJ.

S.

acct.

19,910,036

1,530,366

—

21,051

454.873

acct.

Treasurer—gen.

Foreign

—

396

Government

Total

61,013

14,908

—

Treasury

Treasury notes
U. S. bonds

Capital

-

Cash

199,985
448.189

17

+

6,194

+
+

88
58,516

27,543
114,246

+

5,266

49.963,722

+

25,984

Other capital accounts

in

—

—

Banks

vault

5
2
19
68
1

—

—

+
—

—

33,022
1,698

4,456
1,717

213
129
19

—

—

—

Reserve

40
54

—

+•

Ratio

of

Balances with domestic
"

banks

note

liabilities

purchased for
respondents

48.9%

+

foreign

—

<

'

■

-

to

1,274
make

+

6,099

Commitments

+
—

152
-,11
10

banks

9,127

—

Interbank

1

—

1,772

24

—

1,246

"Oct.

and

6

figures revised

The condition
banks

of

the

statement of weekly

Federal

■shows the following
ed

Oct.

13:

An

Reserve

principal changes for the week end¬
of $183,000,000 in loans, a de¬

000,000 in demand deposits adjusted.
and agricultural loans in¬
York City and $147,000,000 at
all reporting member banks.
Loans to brokers and deal¬
ers for purchasing or carrying United States Government
and
other securities increased $94,000,000.
Loans to
banks decreased $68,000,000.
'
•
'
'
industrial,

creased $78,000,000 in New

,

Holdings

of

Treasurv

bills

decreased

.

$188,000,000 in

.^ew.York City,_$3§,000,000 in, Chicago,, and $.129,000,000,




to a gross basis.

California

Cement

Asuncion

Port Concession Corp.,

,

• i

'

i>

%>vt

Date *

Central

Page

Sugar

Ellicott Square, Co,,

5%

preferred

Central

Vermont

Central

Violeta

Central

Chain

West

Store

1st mortgage 5%..bonds-——

-Nov.-JO,

*
-

11-15

10-30

+20c

12-20
12- 1
1-3-49
1-1-49

11-19
11-15
12-15
12-15
10-15

Light

&

IIV2C
27y2c
25c
$1.25

12- 1
12- 1
12-1
12- 1

11-10
11-10
11-15
11-15

class

A

(quar.)

Power—

(quar.)__
Co.,

common

I

(quar.)
Public

Sugar
Tax of

17c

.Class

1254*

10-25

11- 1

11-10
11-15

10-20
10-20
11- 3

t20c

11-15

10-30

11-15

.

Mfg. (stock dividend)^—Co. (quar.)——
Hardware,

11- 8

(Mass.)—

Valve

Cochrane-Dunlop

10-25
11- 1

t30c

Co.____—

11-16

75c
25%
15c

(resumed)(irreg.)—

11-15

$1.50
20c

Service

Co., S. A.
8 7/10c.

Real Estate Trust

City Investing

$1.20

19

27V2c

-—

(quar.)

Foundry

Cuban

10-30
10-30

—

Arizona

preferred

Less

11-15
11-15

pfd. (quar.)
$32V2c
pfd. (quar.)— $$1,12%
(initial)
+20c

(quar.)
Ltd., $1.30

Quarterly

1578

debentures—11—-Nov 10

Associates— >*. {<„
■'
'
$5 preferred shares of beneficial, interest.—'-'4-4 a .It-Oct

Eastern

50c

Ltd., 4y2%

Mills

Chapman

TENDER
M

8%

in

C

Co.,

Ice

Carthage

$1.10

ing tenders, and the page number gives the location
which the details were given in the "Chronicle."
OF

$1.50
$1.75
$2
$1

.

Co.—

Bakeries, Ltd.
Machin, Ltd.,

Canadian

Common

list of corporate bonds, notes,

"t

10-22

40c

(quar.)

(quar.)

Service

Water

preferred

4.4%
Canada

preferred, and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬

NOTICE

11-15
11-19

10-28

30c

Co.

Jackson

Central

Company and Issue—

10-29
11-24

12- 1
11-30

$2.25

Extra

reported gross,
instead of net as previously

a

12- 1
12-10

12- 1
11-12
12- 1
11-12
7%
2nd
12- 1
11-12
Atlantic Coast Line Co, of Conn
12-13
11-15
Atlantic Coast Line Railroad
12-13
11-15
Bankers Commercial Corp, (N. Y.)
(quar.)_
50c
11- 1
10-25
Beaux-Arts Apartments, $3 prior pfd. (quar.)
75c
11- 1
10-20
$6
1st preferred (quar.)
>
$1.50,. 11- 1
10-20
Beck (A. S.) Shoe Corp., common (reduced)
25c
11-1
10-25
4% %,. preferred
(quar.)
:
$1.183/4
12- 1
11-15
Belding Heminway Co. (quar.)
30c
11-15
11- 1
Beneficial Corp.,
common
(quar.)_;
8c
10-30
10-15
$6
preferred
(s-a)_
.
—:
■< '
$3 1-31-49 .1-14
Blaumer's (Phila), com.
(increased quar.)_
25c
11-15
11- 1
$3 preferred quar.)
_i
75c
11-15
11-1
Bloch Bros. Tobacco, common
(quar.)
25c
11-15
11-10
6%
preferred
(quar.)___
$1.50
12-17
12-10
Blumenthal (S.)
& Company (quar.)
15c
12- 1
11-24
Bueli Die & Machine Co.5c
11-25
11-15
V Extra
5c
11-25
11-15
Burroughs Adding Machine (quar.)_.
—15c
12-10
11- 1
Extra
15c
12-10
11- 1
Butler Brothers, 4'/2%
pid. (quar.)
$1.12ya
12- 1
11- 3
Byron

Notices
found

11- 5
10-20
10-29
10-29

-

27,721)

Redemption Calls and Sinking Fund
Below will be

11-5

11-20

75c
37V2C
$1

—

(quar.)
preferred (quar.)_

Canadian

Increase

11-20

10-30
12- 1
12- 1

12- 1

—

.

reporting member

System in leading cities

Co

preferred

1st

Canada Safeway,

of $213,000,000

Commercial,

20
68

individual loan items are

i.e., before deduction of valuation reserves,
reported.
Year-ago figures have been adjusted

in h'oldings of United States Gov¬
ernment securities, and increases of $265,000,000 in re¬
serve balances with Federal Reserve
Banks and $152,crease

236

(San Francisco District).

1948,

Seating

6%

1,310

previous week
17,710

tBeginning June 30,

Condition Statement of Member Banks

—

+
18
+
+
157
—
:r, (Revised figures

deposit accounts, except
U.
S.
Govt,
accounts,

week

during

indus¬

trial loans

demand

to

103

+

(quar.)
Leather, 6% pfd. (quar.)_
Investment Co. of Illinois iquar.)
&

Company (irreg.)
Associated Dry Goods, common

11-15
10-30
11-15
11-16

75c

preferred

Appleton

334
375

+
+

1,425
284

banks

Borrowings

"

/

—

(quar.)

American

882

+
+
+

pfd.

American

5,727
119
1,967
86
357

+
+
+

$2

Holiert

4c

(quar.)

(quar.)

preferred

$2.50

$3

5,081
+ 1,069
" +
459
—

—

Debits

cor-

+

Corp.,

When

Payable of Reo.

6c
12V2C
50c
62V2c

— _

-

General

; v

11-15
12-10
12- 1

$50c
30c
$1.25
87y2c

(s-a)

Shares

Machine

American Hide

—

—

14,914
1,663

Foreign

0.2%

bills

on

+
—

1

46,593

deposits adlnsted
deposits, except Government
deposits
Interbank demand deposits:
Domestic

combined

liability

—

64
30
265
98
107

Government

S.

Business
Gas

American

275
2
698
57
551

—

$1 pfd.

Special

Liabilities—

U.

certificate re¬
to deposit and F. R.

serves,

*

are:

Share

Cast

American

189
104

—
—

—
—

Demand

+ 3,645,703

gold

Contingent

week

Steel Co. (quar.)——
Portland Cement (irreg.)
—
American Airlines, 3Va%
preferred (quar.)_

1,959

—

25,151
4,378
14,538
886
2,315

Time

Total liabilities & cap. accts.

this

Alpha

8,366

_

—

securities—total

Federal

with

Reserve

Accounts—

—

securities

Other

Capital paid in
Ourplus (Section 7)
Burplus (Section 13b)—.

i

announced

Works, Ltd.,

Glove

Alloy

American

+
+

220
487
3,989
171
3,865

obligations

bills
—
—
certificates of indebtedness—.—

Treasury

243,702
5,856

309
464

loans

Government

S.

Acme

carrying:

to banks

U.

+3,572,539

20.735

+

18,188

+3,785,023
+

1,114

—

49,173,759"

liabilities—

Total

—

46,667

+

2,763,845

incl. accrued divs.

2,319

'•*+

22,353,650

deposits

Deferred availability items

Other liab.,

—

or

loans

Loans

+

announced, but

Per

,

obligations

securities

estate

147

+

pur-

167.

:;*;y y'i'!.

dividends

Name of Company

.

purchasing

Government

S.

Other

453,375

Other

for

securities

Other
Real

dealers

carrying:

loans for

U.

+2,872,626
+
922,804
+
7,781

70,433

+

or

Other

450,330

Other

Member

S.

U.

Liabilities—
Federal Reserve

and

brokers

chasing

Deposits:

Oct. 6,"
Oct. 15,
1948
1947
(In millions of dollars)
62,114
—
60
— 2,506
24,714
+
183
+ 2,456
24,963
+
184
+ 2,581
1948

15,458
to

Loans

+3,645,703

1260

:

.

show the dividends previously

we

The

and agricultural

loans

Total

j

§Vol.

are

Oct. 13,

.";'
Assets—

;

165.

grouped in two separate tables. In the
bring together all the dividends announced the
week. Then we follow with a second table in

declared.

Inc. ( + ) or
Dec. (—) Since

+ 1,580,467

and

'.

■

.

JVol.

166.

been paid. Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when

of reporting

.

,

+ 1,419,168

foreign

Notes

Uncollected
Bank

23,191,508

loans

Due from
F. R.

Govt, securities-

+

Any time
+Vol.

which have not yet

member banks follows:
,

S.

we

current

all reporting member banks.

of the assets and liabilities

>

Total U.

first

which

and. $157,000,000 at

trict,

401,300
+9,424,707

+

Co.—

issue.

DIVIDENDS

Borrowings increased $76,000,000 in Chicago, $35,000,000 in New York City, $23,000,000 in the Cleveland Dis¬

—

10,500
+396,443

—

1, 1936—
preferred stock

■"

Dividends

reporting member banks.

—7,617.542
789,297

—497,004
—
300

6,210.169
901,600
10,132,397

—;

12,040
164,202
781

—

5,947.342
—

Notes—

60,819

+1,732,942

19,998

+

_

Bills
Certificates

—

164.

1939

due 1951

this

in

cago

+ 1,793,761

-

Iron & RR.

mortgage 5s,

•Announcement

ivoi.

bonds, dated Dec. 1,

convertible

Co.,

Coal,

General

^

' *

Ontario—

note issue, dated Dec.

and 4%

Rubber

Tennessee

deposits adjusted decreased $72,000,000 in
and increased in most of the other dis¬
tricts, the principal increases being $50,000,000 in the
San Francisco District and $43,000,000 each in the Chi¬
District outside of Chicago and in the Kansas City
District; the net increase at all reporting member banks
was $152,000,000.
Demand deposits credited to domestic
banks increased $65,000,000 in New York City, $30,000,000 in the San Francisco District,*and $103,000,000 at all

$

•

9,341
—210,718
+
19,

267,173
288,989
1,129

Other

and

■■;

19,998

+

R.

F.

notes

Discounts

Oct. 22,
1947

Oct. 13,

Oct. 20,

3 Vz%

Demand

in

first mortgage

Swan

New York City

(—) since

decrease

and

trict

Alexandria

4%

banks.

$64,000,000 at all reporting member
"Other securities" decreased $30,000,000.

Reserve Banks Combined

Nov

5% bonds, series A, due 1957
Roman Catholic Episcopal Corp. for the Diocese of
mortgage

.

Ltd.—

A (quar.)
preferred (quar.)___

.jDolumbia Pictures Corp,,. $4,25

.

*

pfd. (quar.)

$1.06y4_ 11-15.

10-30

11- 3r L

Volume 168

Number 4745

47

(1731)
When

Per

Name of Company

Columbus

,4 Va 7c

Share

Southern

&

preferred

Dallas

Power

&

7%

$8

debenture

Dickerson
Disher

(Walter

Steel

$1.50

class

conv.

Domestic

&

5%

Donohue
Dravo

4%

preferred

Dun

&

$7

States

A

Edgewater Steel
Monthly
:

10-20

Mississippi

11-

1

10-11

Common

Montreal

10-25

Morris

11-

1

10-25

$2.25

10-26

10-16

Mountain

t75c

11-

1

10-22

31V4C

11-

1

10-23

t $ 1.25

12-

1

11-13

—

Common

8%

iquar.)

1

12-

J20c
30c

class

1

11-15

1-1-49

Coe

3

National

Tank

12-

3

National

Tea

11-24

—-

12-15

11-19

5Vo

10-15

National

11-13

Neilson

12-

11-

1

10-21

10-30

10-19

25c

10-30

10-19

North

1-3-49

12-15

Nothern

11-19

10-30

Northern

12-

1

10-29

Northwestern

50c

12-

1

11-15

11-

1

$1.50

11-

__

4%

$1.25

conv.

_

__

10-20

Noyes

1

10-20

Oklahoma

40c

Iquar.)

12-10

11-30

4% Vv

12-10

11-30

__________

Food

Fair

3D/4C

(quar.)

Petroleum

Corp
Stores, Inc.—

Common

icash

Stock

$2.50

'Gabriel

4c

Steel

Mills,

Rubber

3%%

Corp.

Co.,

Power

Co.,

preferred

Lakes

Great

class

Ltd.,

Union

843aC

iquar.)

12-

11-15

Felt

Gas

Smelting

Hale

Ltd.

Light, 6%

Brothers
Bros.

Oil

Extrn

Class

11-

1

Pacific

Power

11-

1

Parker
Patino

Mines

Co.

12-1

11-

12-15

11-18

preferred

25c

___

11-15

11-

11-

1

12-20

11-15

12-20

i

11-15

11-

5

10-26

20c

_ __

25c

12-

1

Co..

Co.,

Ltd

class A

,

11-

1

10-25

12-

1

11-10

iquar.')'—

50c

Loan

5 7o

Car

preferred

(Tom)

Peanut

convertible

Investors

Trust

Common

Kokomo

Land

1

10-20

12-

1

11-19

Co.

interest

Water

Heater

.Lake of

the

Myers

Joint

Pipe

12-15

1-15-49

11-

1

12-15

Louisville

&

Lowenstein

Nashville

10%

1-31-49
12-15

1-

2

12-

1

11-12

11-

11-15

1

12-

3

(M.)

&

Special
414 % preferred

12-

3

11-15

11-

1

Stores,'

12-24

12-14

11-20

10-30

11-

$1.50

10-11

1

10c

_

11-15

11-

11-30

11-11

1

Sons,

B

St.

.

Paul

Mclntyre

stock

&

Extra

Meadville

$1

preferred

South

Bend

Lathe

Southeastern

California

Southern

Natural

Southwestern

12-

1

11-

9

12-

1

11-10

12-

1

4.88%

1

11-15

iquar.)__

5

10-19
10-20

Stein

10-20

Sun

11-15
11-15

1-1-49

12 72C

Midwest Oil Co.
Extra

$3

Rubber

11-

1

11-12

Extra

20c

5

11-

11-15

1111-

11-15

11-

r 11*16

11-15

11-

10-29

12-31

12-

1

11-15

10-25

12-10

11-17

10-30

10-15

11-15

11-

1-2-49

1

11-

1

$6

4%

&

2nd

11-

5

Taggart

11-15

11-

J5'

12-15

Spring

6%

Oil,

preferred

Thalhimer

Bros.,

Thompson

Ltd
preferred
Company—

3.65%

(John

R.)

Water

Associated

Oil

Power

(quar.)

10-30

10-18

Toro

12-20

Trade,,Rank & Trust Co.

(N.

10-20

208

Corp.,

40c

11-

1

10-20

12-

1

11-

1

I

11-

Common
Union

1

United

12-15

12-

1

11-15

11-

1

6272C

1-2-49

11-15

12-15
11-

1

1

Light

(One

;

Fractional
cash

11-15

11-

11-

1

10-30

;50c

12-15

11-15

6.36%

50c

12-15

11-15

6%

iquar.) _<_•—i—_

10-18

United

41c

v./)

25c

10-30

7%

.

—

6%

11-15

11-10

12-

1

11-

5

1

11-

5

10-25

12-

1

11-18

11-

1

10-20
12-

12-15

11-15

12-17

11-12

6

11-30

11-15

12-

11-12

1

11-30

11-

5
1

11-15

11-

12-13

11-29

1-14-49

1-12

11-30

12-23

12-15

12-

8

12-15

12-

8

11-15

11-

1

11-15

11-

1

12-

1

10-29

12-

1

10-29

12-10

11-15

11-15

li-

12-15

11-24

12-

1

11-15

12-

1

11-15

will
for

each

&

prior

for

1/50

Traction

10-31

11-15
12-

10-30
11-

5

10-20

not

Service

5%

10-30

Ltd.,

issued

the
of

rete

preferred

preferred

(liquidating)

10-22T

7

1-31-49

1-11

10-25

10-15

11-

1

12V2C

11-

1

627jC

11-

1

11-

1

10-

8

11-

1

10-

8

10-

8

10-18
,

10-18

12-23
12-23

12-18
12-18

12-

1

11-12

12-

1

10-22

$1.1272

12-

1

10-22

11-3

10-25

15c

Co.,

10-25

10-11

11-

1

10-15

11-, 1

10-15

Ltd.—

(quar.)

2272C
25c

City Electric, 4%

(quar.)

$1.50

pfd.

1

$2

12-

1

10-22

$1

(quar.)

1211-

1

10-

10-22

8

Atlantic Coast Line RR.—

5%

non-cum.

Atlantic

Refining,

4%

preferred

B

3%%
Atlas

preferred

Imperial

Diesel

(s-a)

preferred
(quar.)
Engine

$2.50

A

(quar.)_

Ault

11-

1

10-

5

11-

1

'10-

5

12-31

6272C

*11-1

12-16
10-20

$1

11-

1

$25c

11-

1

10-

*$1.3772

11-

1

10-15

10-28

4

Wiborg Proprietary, Ltd.—

572%

preferred (quar.)

Austin

Nichols

$1.20

&

Co.,

convertible

Inc.—

prior preference (quar.)_
Ltd.. common

Canteen

10-22
10-20

$2.25

preferred

12-18

Avondale

Mills,

$4.50

preferred

Avco

$1

56V4C

Powder Co.,

&

10-25

933/ic

A
preferred (quar.)
Plywood Corp. (quar.)
4% pfd. (quar.)
Atlas Steels, Ltd.
(quar.)

Atlas

11-10

Co.—

Atlas

Co.

Manufacturing

of

America

iquar.)

_

30c
J15c
25c

11-

1

10-20

12-15

11-20

12-

1

11-15

11-

1'

11-

Corp.—

(quar.)

common

567»c

(monthly)

8c

10-15

1

10-15

$1.12

'11- 1

10-15

$1.50

(quar.)

1-1B-49*

Baldwin

Company
preferred iquar.)
Rubber

Co.

(quar.)

7%

Porcelain

convertible
Bond

America,

&

preferred
Mortgage

10-15

8%c

1-2-49

12-14

20c

1-4-49

12-22*

25c

11-15

10-25

15c

(quar.)

Guaranty Co.

common

1-3-49

12-15

53c

1-3-49

12-15

Barber

iW. H.)

1-3-49

12-15

Bareco

Oil

(quar.)

$1.93

10-25

10-15

11-1

10-28

10c

11-

10-28

of

1

Company (quar.)

50c

Co.

10-15

10-25

Steel—

58Vic

Extra

10-25

5c

Baltimore

Bankers

12-31

15c

Extra

American

(monthly)

(monthly)

1

15c

(quar.)

:

3

11-18

11-

$1.1272

(quar.)

11-

12-16

10-

25c

Extra

Baldwin

held

11-1

1

7v2c

10-28

of

11-15
11-

J

$1.1272

—

Corp

Telephone

1-3-49

but

10-13

?56'/4C
(quar.)_

preference

Automatic

10-29

10-13

10-27

5c

!

common

10-15

11-10

10-18

10-27

$3

10-20

3-19

.'11-1

$1

$1.25

3-1-49

8

25c

$1.50

Auto Electric Service Co.,

25c

10-18

$1.50

Co.

11-15

10c

10-20

1

30c

(quar.)

10-29

25c

10-

1

11-

$1.25

Atchison, Topeka & Santa Fe Ry
Atlantic

10-29
11-

$1.25
.0

Inc.

472%

11-5

25c

common

(quar.)

Equipment

Associated

10-15

11-8

11-30

50c

(quar.)

1

Traction

&

be

at

sh«re

Aro

10-29
11-23

Mills—

convertible

Argus,

1

6

25c

,

.11-15

shares held.)

£0

472%

12-

$1

(quar.)

6%
preferred (s-a)
Archer-Daniels Midland

6%

Light

(monthly)

preferred

prior, preferred
Public

1

Co.—

each

distributed

preferred

prior

12-

preferred

Corp.,

11-5

12-15

Products—

Cotton

Common

11-15

$1.75

9-15

50c

Series

62Vic

shares will
be

1-3-49

1

62Vic

—

American

$4.50

10-20

$1.75

Trap Co. of America, com.
preferred
(quar.)
Appalachian Electric Power—
472%
preferred
(quar.)
Arcade

1

12-

(quar.)

57o

12-17

' 11-

12-18

common—

Animal

11-18

1

10-20

567»c

Steel & Conveyor
Anglo-Canadian Telephone Co.—
472% preferred (quar.)

12-

1

10-25

quar.)__

(quar.)

prior preferred
prior preferred

12-

9-30
10-15

11-

25c
(

(quar.)

Bottle

Corp.,

prior preferred

11-30

1—
com

pfd.

Products Co.,.
(participating)___

Post

I

11-1

$2.50

Anchor

15c

(quar.)

Y.)

iquar.)

Railways

of

stock

7%

15c

*—

Street

Co.

&

share

common

Light

,

Anchor

10-14

40c

(quar.)

Storage

25c

California—

LaSalle

South

1

37 7ac

.

10-29

10-21

10c

iquar.)

11-10

150 Vac

12-

Co.

Manufacturing Corp
Torrington Mfg. Co

15C

iquar.)__

11-12

9IV4C

(quar.)—

20c

(accum.)

11-

25c

Water Works Co
American Zinc Lead & Smelting—

$5

15c

,_

6-VeC

(quar.)

American

11-26

tlVic
:

;

10-14*

3772c

.__

preferred (quar.)

11-16

37Vic

(quar.)

9

1

shares

(bi-monthly)

preferred
Thermos

Preferred

1

10c

preferred

Water

1

10-25

5%

12-15

59c

<quar.)_

Gold Mines,
Corporation

9

11-

11-

$3

American Vitrified

12-

25c

Tide

11-

10-25

25c

Tide

1-3-49

10-19

J10c

(quar.)

1

40c

11-22

10-25
11-15

45c

iquar.)

11-1

$1.25

1-1-49

37Vic

Co.

Company

11-

iquar.)

1st

American Viscose

40c

common

11-15

11-30

7%

American

J$1.25

Ltd.,

11-

11-15

Finance—

Co.

11-22

50c

(quar.)

11-30

11-15

100%

News

11-22

11-15

Fractional

Screw Co., 4VSj%
pfd. (quar.)
Shipbuilding
Co.
Smelting & Refining, common

20c

Co.,

held.

(s-a)

11-22

2c

(Conn.)

10-18

12-15

Products—

12-21

30V2C

(quar.)

11-13

10-28

10c

(monthly)

dividend

preferred

Argus

(quar.)

Steel

Swan-Finch

11-15

1-3-49

11-

60c

(quar.)

10-22

10-21*

5c

—

Paper Goods,

30c

Co.

1

11-30

11-15

30c

common

American

t$1.12V/2

(quar.)

Co.,

(quar.)

American

$1

Plastics

Co.

Company

Sylvanite

shares

12-21

25c

—

11-

3

50c

(quar.)

Products

12-21

50c

Co.

Hoe

Home

75

Stock

10c

(quar,)—.

11-101
10-15

50c

1

10c

Chemical

(A.)
Oil

&

American Metal

25c

Lines

11-

6

10-29

75c

6% preferred (quar.)
American-Marietta Co., common
5% preferred (s-a)

6%

(quar.)

1

12•

SI

(quar.)

11-29

Co.—

—

Insurance

Co.

not be
issued but cash will be dis¬
tributed at the rate of 28c far each l/75th
share of Detroit Edison
Co.
Additional
cash
dividend

35c

.

12-

8

will

25c

40c

___u

10-21

75c

______

each

11-15

25c

—

1

American Light & Traction (stock
dividend)
One share of Detroit Edison common for

45c

_

11-

i25c

(quar.)

Furniture

American

11-15

45c
iquar.)

i

12-20

15c




12-

1

11-

Water

Standard

30c

Reclaiming

American

50c

11-15

(s-a)
_!

American

11-12

10-

15c

Corp

10-25

Ltd.—

(quar.)

Co.

4%

(quar.)

25c

i

of

10-20

1

10-291

5c

Can

Fork

1

12-

$1.1272

Brothers

u.)

preferred

1

Co.
Board

9-30

1

25c

(quar.)__

Distilling Co.

11-

I2V2C

Standard

1

50c

is-a)_

Book
Box

$1.50

Insurance

Gas

Extra

11-

35c

Corp.

American

25c

(quar.)_

Life

(A.

Stamford

11-

12-13

(quar.)

Extra

10-30

$1.06

(quar.)

(ouar.)

American

1

6c

(quar.)

Investors

Spalding

11-15

•

preferred

1

11-

Edison—

preferred

Sovereign

11-10

1

com.

preferred

California

Southern

1

12-

(quar.)

Special
Mercantile Acceptance

11-

1

10c

common

Works

11-

30c

i

10-25

1

12-

f50c

Co.

10-15

10-29

$15c

(quar.)

12-

11-1

12c

(increased)

(quar.)

Petroleum

12-

35c

(quar.)

Greyhound

Canada,

preferred

10-30

$2.50

41/2%

Appliance

of

Aluminium, Ltd.
American

$1.183/4

(irreg.)

10-30

88c

common

4Vo

Electric

American National

iquar.)

1

12-

.

Co.,

11-20

56V4C

(quar.)

Inc.

1

1$1.00 72

Dredging

10-20

1

Co.—

(quar.)

Company

Simpsons, Ltd.,
Skelly
Oil
Co

15c

(quar.)

Telephone

1

12-

10c

Sheraton,

10-29

common—

5%
preferred
(s-a)
Meier & Frank Co., Inc.

11-

20c

Arabian Mining Syndicate,
Ltd
Security Banknote Co., common iquar.)

12-

25c

_

McWilliams

iquar.)

Saudi

11-

$1

.

Ltd.

Aluminum Co.

50c

Extra

1

11-15

!______

Mines,

Air-Way

1

11-

(quar.)

Marine

1

11-15

;

Porcupine

1

12-

25c

Fire

11-

11-30

iquar.)

fully partic.

Initial

11-

12-20

iquar.)

A

Regis Paper Co.

11-

$1

5'Jo
preferred
(quar.)—
Marine Bancorporation,

11-15

Co.—

37V2C

Corp.,

10-15

50c

12-15

•11-

Special
St.

1

$1

(quar.)

Extra
Marathon

1

(quar.)

10-30

50c

Works

1

12c

___!

«

10-15

11-

preferred

11-15

12-20

(quar.)

10-15

Corp.

Fund, Inc. (special)
Agnew Surpass Shoe Stores, Ltd.
Air Reduction
Co.
(quar.)

stockasw,'<$■- 50c-

common

10-27

10-25

Affiliated

50c

7

11-15

27Tic

91 Uc

stock

10-27

10%

$1.25

convertible

20c

(quar.)

11-15

$1.10

25c

common

Yards

12-

37 72 C

(quar.)_

(quar.)

Corp.

11-15
1

Holter*

Payable of Rev.

50c

11-

1

When

Share

dividend)

American

—

Stock

Joseph

'

11-25

—

iquar.)

Cedar

St.

The list does not include divi¬

week, these being given in the

12-

83c

(quar.)

preferred

this

(cash

25c

$3

____

common

Adams-Millis

20c

common—

Inc.,

10-14

1

1

31V4c

_________________________

120c

(quar.i—

Inc

Corp.,

12-

$$1.75 '

50c

A

11-30

Hampshire—

Manufacturing Co.,

Vo

Southern

8772C

Corporation

Midwest

4 Via

10-25

35c

Lynchburg & Abingdon Telegraph Co.
M. & M. Wood Working Co. (quar.)

5%

Class

11-15

17c

(quar.)
1

___!

Co.

10-30

12-10

■:./ $1

preferred

Fund,

11-

5c

11-

Amerada

(quar.)

prior preferred

Rheem

1

12-

t—• 00

_

RR.

Steel

(quar.)_

$1.25

(quar.)

Republic Supply Co. of California-—
Reynolds (R. J.) Tobacco, common (quar.i.

10-21
10-18

(monthly)

Theatre

11-15

Consolidated,

preferred

common

dividend

Fields

8IV4C

Extra

Stock

10-18

Extra

Macoil

Republic

5

Gold

45c

(s-ai

Co.

12-10

10-15

27V2C

American

10c

Boston

10-30

37Vic

Hampshire)

Light

12-20
11-1

Alloys, Inc.—
$1.10 convertible pfd. (clears all arrears).

American

—

(quar.)__^

Co.

&

1

15c

50c

(quar.)

(quar.)

Aluminum

11-15

1

American

Simmons

common

Acme

11-

20c

!

B_

:

Gas

1

12-

Straus

12- 1

1-15

1

lirreg.)

Inc.

$$3

(irreg.)

&

1

12-

12-15

give the dividends announced in previous)

we

&

1-15

12-15

Co.

12-

12-15

$1.12 7a

(quar.)__.

12-20

dividend

10-20

$1

preferred

Stock

1

1

Extra

3Va%

F.,

2-1-49

25c

(quar.)

Liquid Carbonic Corp.,

T.

2-1-49

.

common

South

A.

15c

140c

Tobacco,

11-19

15c

11-

Mfg.
Co.

1

25c

Per

10-29

12-10

(quar.)

25c

(quar.)

11-15

69'Vic

(quar.)

12-1

11-15

31V4C

1-28

$1.12 7a

Name of Company

A

1-15-49

12-

iquar.)

preceding table.

B

1-15-49

10-25
11-15

10-29

preferred

11-

</>

.

Ltd.

10-28

11-15

preferred

'

Inc.

11-1

50c

(quar.)

Investors

Tile

Gas

announced

6'A

Milling Co., Ltd.—

Mines,

10-15

6'/o

$20

(quar.)

11*

5

75c

(quar.)

1

22Vic

iquar.)

j

pfd.

New

A

6

11-30

90c

Grocery

Stores,

Richmond

(quar.)

pfd.

M.i

11-

25c

weeks and not yet paid.
dends

common

preference

preferred

Republic

10-30

11-12

11-

11-

(R.

Fabrics,
&

11-6

11-19

11-26

10-18

25c

H.), Inc., $6 preferred (£-a)_
Candy Shops, Ltd
G.), Inc., $4 pfd. iquar.)__

(M.

Secord

Tourneau

Owl

Below

10-25

t7c

<quar.)__.

preferred

4%'/;?

11-15

1

11-15

25c

series

Co.

Red

6

3772C

(Brooklyn, N. Y.)

6%

(J.

4V2 Vo

preferred

preferred

Fibre

10-29

$3

(quar.)

Gold

11-

1

175c

(quar.)

pfd.

Co.

preferred

.Lamston

1

Inc.

2 -15-49

25c

62'/aC

Electric

dividend

Radford

10-15

12-

Island—

iquar.)

Works,

Woods

Common

10-20

12-

50c

Xaclede-Christy

Lynch

11-

Service

$1.40

6Vo

'

Beneficial

Lucky

Pullman,

35c

Klein
ID.
Emil)
Company
Knickerbocker Fund—

Lotnv's

Puget Sound Power

11-15

1

30c

(quar.)

Company

Kings County Trust Co.
Quarterly

Lock

11-15

12-

$1.75

(quar.)

,

.Extra
Kern County
Extra

Consolidated

10c

i.s-a)_

11-12

10-25

prior

$1

dividend

.Kentucky Utilities, 4%%

Liggett

12-15

}£

&

Yuba

12-

convertible

I

(quar.)

Corp.

common

Worthington Pump & Machinery Corp., com.
4V2 7o convertible prior preferred (quar.)_

25c

Participating preferred (quar.)
Participating
Kansas-Nebraska Natural Gas—
Stock

County

12-15

(quar.)

11-15

(irreg.)

Rhode

York

12-8

Co

5%

of

10-20

12 72 c

(quar.)__

(irreg.)

Kayser (Julius)

Co.

1

Ltd.—

of

11-10

1

5%

iquar.)

Bankshares

Industries,

75c

A

preferred

1

25c

(quar.)_-__

preferred

Co.

12-

Common

Abraham

class

in*.*#

payable

Public Service

12-

31 74C

.

Investment Foundation,

Yankee

11-15

'

11-

10c

Co.

lltlS

8c

(irreg.)

20c

:

(quar.)

Manufacturing Corp.

Loitch

Public

10-29

12-10

'

in

25c

Company,

Motor

Huston

Lea

3.35

10-29

11-15

—2%

payable
B

„Also

.

11-15

10c

(quar.)

common

Extra

35c

25c

International Harvester Co., common
Special
7%
preferred
Iquar.)__

•

11-15

10c

10-28

4Vsi %

Co

$1.25

(quar.)

Extra

Le

11-15"

1

10c

Hudson

Laura

11-15

1

12-

2preferred

(Chas. E.)
Company (quar.)
Holly Stores, Inc., 5% conv. pfd. (quar.)
Holt (Henry) & Co., $1 class A
(quar.)

7%

1

12-

____

—

(quar.)

Corp., 5 7c
Mining Co

Kysor

12-

25c

50c

■

B

Also

Company,

11-15

25c

dividend

Class

♦

11-

}$1.25

Potter

11-15

50c,

122 72 0

(quar.)

(quar.)

11-22

11-15

75c

after

Enterprises

'Company
Prosperity Co., class

8

12-10

.•___

$3.65
preferred
iquar.)
Plymouth Oil Co. (cash dividend)
Stock

10-

10-30

59%c

Philadelphia Suburban Water,

10-16

75c

3.

15c

15c

is-a)

(New

11-

15c

$1

Casualty Co.

11-20

50c

11-16

Semi-annual

1

75c

iquar.)_

Peerless

10-29

11-15

(quar.)

Hires

.

8

1

$7

(accum.)

Rubber

1

(initial)

pfd.

69%c

Light, 5Vo

&

11-

Bros.

Oil

12-

(irreg.) '
'
:
Peabody Coal Co., common (quar.)
5%
prior preferred
iquar.)

11-15

11-26

5%

—

160c

iquar.)

&

11-15

Wilcox

10-29

Co

Rust-Proof

11-25

11-30

$1.1272

Whitehead

12-15

(quar.)

12-15

10-25

1

12-13

10-23

(quar.i—

Associates, Inc., preferred

11-15

25c

_

dividend)

Extra

6%

Mills

10-20

11-

10-30

12-15

Inc.

(initial)

Brewery

Stores

Co.

Cotton

.Hancock

Insley

Pacific

t50c

Dock

&

Co.,

Western

Halle

Hub

1

&

(quar.)
(stock

•Grocery Store Products (quar.

Hecla

Pacific

11-

Glass

11-15

Extra

Hamilton

Owens-Illinois

10-27

Ry.—

preferred

11-30

American shares

$3.60 preferred quar.)
Outboard, Marine & Mfg.

$2

$31

Westates Petroleum, 70c preferred
(accum.)_
Weston
Electrical
Instrument
Corp

1

•

6%

(Minn.),

10-15

50c

(quax*.)

Maryland

1st

20c
Power

125c

iquar.)

7%

1-3-49

A

Tail

11-10*

$1

■Griesedieck

Hayes

1

1

Western

1-3-49

common

(Ohio),

15c

A

common

Inc.

Dredge

West

■Greenfield

10-30

3772C

Mining,

Company

Grayson-Robinson,
•Great

12-

10-30

common

Ltd.,

Consolidated

•Grand

12-15
11-15

11-15

preferred

Wisconsin

iquar.)

Ry.

11-15

1

11-

deducted.

Quebec

1

11-

10-15

J$1

or

12-

2c

1

55c

Ltd.,

11-15)

30c

;___

Corp.__

11-10

$1.50

Gas,

is

4 V2 %

,

Woodall

(resumed).!

Ltd.

1

11-

37Vic

Ltd.—

A

Company

Class
Otter

tax

&

11-15

507*

common

Company,

Natural

$2.50

&

■Granby

1

5c

iquar.)

Co.,

Ontario

1

12-

25c

•

Preferred
■Grafton

12-

12-29

—___

Inc.,

Paint

Goodall

10-26

12-15

627zc

Co

'General

6

5%

(quar.)

(quar.)

____

'General

11-

11-15

12-

(increased)

12-15

(quar.)

preferred

African

12-15

12-

Mills'

12-15

Gas

O-O'Kiep Copper Co.,
Payment of 3s 9d

11-17

10c

dividend

Extra

1

11-15

10-18

$1.0674

Mills, 6Vo preferred (s-a)_____%
Virginia Coal & Cok£K(increased quar.)
West Virginia Pulp & Papef Co.—

$1.12'/a

Consolidated

Utilities,

(Chas. F.)

Osgood

dividend)

preferred

12-

12-15

1

Wellington

10-22

10-18

11-

West

11-1

11-10

12 VstO

(quar.)_.

iquar.-)

Terminal

10-26

iquar.)

Mines,

preferred

Warwick

10-18

Co.

&

11-1

dividend)

new

Oklahoma

15c

preferred

(quar.)

preferred

Empire

Chemical

Warehouse-

10-31
10-31.

Inc.—

iquar.)

12-31

—

$1.75 ''

(quar.)

Oil

Extra

Federal Enterprises, Inc.—
"56"

American

Vick

Co.,

preferred

1-3-49

iWm.),

50c

75c

iquar.)

Co.,

Va %

4

$1.25

(stock

Company

Transit

!

preferred

15c

(quar.)
Co.

11-10

11-15

10c

(quar.)
Pictures

15c

(quar.)—

Ltd., 5 % pfd. (quar.)
Niagara Share Corp., class B (irreg.)
Normetal
Mining Corp

4

65c

__

preferred

150c

T/o
preferred
(quar.)
Fairbanks Company, 6%
Extra

4 Vi Vo

1

11-15

Specialty Corp.—

convertible

10-22

$1.75

(quar.)

Service, common
preferred (quar.)

12-

10-25

;__

Linen

12-22

5 Vo

11-15

1

12-

30c

12Vic

(irreg.)

common

Works

Common

Universal

10-18

(Colo.)—-

(quar.)—.

Iron

National

25c

pieferred

common

Corp.

preferred

National

5

12-10

(quar.)__

Gregg,

$7

11-15

1-2-49

iquar.)___l

A
_•

&

10-15

11-

(s-a)

$2

Inc.

Inc.

Co.,

Utilities &

1

6c

Casket

1-2-49

21c

Co.,

By-Products,

United

12-15

37Vic

______

$1.06 V4

______

(Phila.)

10c

11-1

25c

National

11-15

iquar.)

(quar.)

$1.50

—

(monthly)

A

common

Company

Holder9

Payable of Rae,

Corp.—

(quar.)

Society

When

Share

Machinery

preferred

Loan

35c

(s-a).

Securities

Va %
S.

5c

Corp.
B

30c

(accum.)

B

preferred

Series

11-

4

U.

$43c

(quar.)'

common—

35c

C.)

$1.75

A

common

Co.,

Co.,

^Federal-Mogul
•

1

11-

t25c

_

(quar.)—,.

Empire Star Mines, Ltd
Equity
Corp.,
$3
conv.
Faber

12-

162 72 c

50c

pfd.

A

$1.25

—

pfd.

America,
(quar.)

_______

(G.

Nachman

of Company

Hoffman

5614c

—

7%

of

National

.__

(quar.)

(quar.)

Producers

Nation-Wide

21c

Drug

Corp.

preferred

Murphy

Ltd.—

Ltd.

Plan

Extra

(accum.)

preferred

(quar.)
Cottons,
Ltd.,

10-15

11-15

Ltd.—

Co.,

(quar.)——_______—•_?•;

preferred

10-20

40c

21c

Furnace

"9-20

1

Monthly
Electric
Emerson

preferred
(quar.)—
i
25c 10-2-49
Valley Public Service Co.—
(quar.) —____——$1.25 -11- 1

11-

___.

preferred

prior

$1.75

(accum.)—

Co.,

6-20

preferred

prior

_____

(reducedl

$6

3-20

7-2-49

prior

$1

(quar.)

Corp.,

preferred

4-2-49

25c

$1

10-20

common-

Bradstreet

Eastern

25c

10-21

1

$1.25

_

_______

Ltd.

—__

_______________

1

$1

Investments,

Brothers,

12-20

11-

Co

preferred

Corporation,

9-20

1-2-49

11-

$2

5 %
preferred i accum.)__
Dominion Woolen & Worsted,

10-2-49

25c

$1.75

iquar.)

(quar.)

Dominion-Scottish

37Vic

;•_*.—___________—

Iquar.)

prior

S.

6-20

35c

5%
preferred iquar.)
Anglo Investment Corp., Ltd.—

preferred

3-20

11-

$1

Per
Name

U.

12-20

11-24

5

12Vic

1-2-49

$1.12

-

Credit,

Dominion

A

12-20

4-2-49

(quar.)

Common

(quar.)

(quar.)

Construction

of Rec.

1-2-49

7-2-49

(quar.)

Common

(quar.)

T.)

Holders

Payable

377ac
37Vic

Common

10-30

5 %

stock

When

Share

37Vic

10-20

10-30

$1.50

(year-end)

Per

,'l
quar.)_

,

__________________

11-15

$1

class A

-

(increased

com.

11-15

Co.—

preferred

Co.,

Inc.,

Special

Co.—

non-cum.

Dennisoiv Mfg.

10-15

Hart,

8c

Davenport Water Co., 5 % preferred
Rayon

10-29

5c

472%
preferred iquar.)
Dallas Railway & Terminal Co., com.
T/c
preferred iquar.)
Delaware

1

&

J 35c

(irreg.)

Light

11-

$1.07

iquar.)

(Mo.)

%

(

Steel Treating Corp
Corporate Investors, class A
Imperial Mills, Ltd.
iquar.)

Co.

Name of Company

Miller

Cosmos

Mfg.

lrVy

Payable of Rec.

Electric—

Ohio

Commercial

Curtis

Holders

—

1

48

(1732)

THE

Monday, October 25, 1948

CHRONICLE

FINANCIAL

&

COMMERCIAL

r»
-

When

Per

>

Holders

Bates

&

'

limes, Ltd., Class A

Extra

______

Bathurst

A

Baystate

&

Corp.

1

Confederation* Life Association

1

12- 1

___

40c

(quar.)',...

$25c
-$5c

(quar.)

11-15

.__

50c

iquar.)

_____

_______

10-15

$L90 preferred

11-30
10-15
10-22,
10-20
10-30,

Consolidated
$1

Best

Poods,

Birtman

Bliss

Inc.

i

Co.

50c
50c

_

:

Ami

Class

class

Co.

B

4%

A

(quar.)

Edison

Boston

Fund,

Boston

Co.

Woven

—

11-26

10-29

11-26

11-15

11-26

11-15

(quar.)

Hose

&

Rubber

Co.

(quar.)—

1

___:
Traction

Light

&

:___

Power

Corn

Quarterly
Crosley Motors,
Cork

Crown
Crown

British

Columbia

Telephone

Forster,

12-15

10-22

Cuban-American

10-15

Culver

Ccmmon

Extra

preferred
convertible

tA.

11-

1

10-20

Davidson

1

10-20

$1
37Vic

11- 1
12- 1

10-18
10-13
11- 1

Cable

&

12-

11-

; 80c

2nd

Co.,

2nd

Water

10-22

10-15
10-15
10-15
10-15
10-30

Detroit-Michigan Stove—
57c non-cum. preferred

1

11- 1

(quar.)

62Vic

11- 1
11-15

25c

11-15

11-15

(quar.)__

Oil

Distillers

1

10-20

11-

1

10-20

30c

11-1

10-20

Dominguez

50c

11-

1

10-11

(quar.)

Insurance

Flooring,
Northern

Canadian

preferred

Shares,

5%

Ltd.,

Association

class

Power.

Bronze

$15c

l|-3-49

12-17

10-25

9-20

$50c

11- 1

10-11

$$1.25

11- 1

10-11

(quar.)

Foundry Co., Ltd.—
(quar.)_

Common
Extra

Dominion

67c

class

A

Canadian Investment Fund,
Canadian Investors (quar.)

Canadian

Ltd.

Canadian Vickers, Ltd.,
Power

(A.

M.)

10-29

57o

preferred

10-30

10- 5

5%

preferred

pfd. (quar.)__
pfd. (accum.)

Dominion

Oilcloth

Dominion

Tar

10- 4

Dominion

Woolens &

Central

Electric

Central

Hudson

Central

N.

&

Gas

Gas

Douglas Aircraft
Dover

$1.12%

(quar.)

5Qc
50c

4%%

Ducommon

Du

10r30

10- 8

11- 1

10-15

11-1

10-15

Duraloy

11-

10-20

Duro

13c

11-

1

12-

1-

11-10

East

West

Corp.

$1

11-

20c

10-15. v

1

11-30

Common.'
de

'

Copper

25c

12-18
12-I8

12-

37%c

11-

1

CherryrBurrell Corp.,

10-25

1-1-49

12-17

11-1

10-15

12-

1

11-10

1-2-49

12-15

50c

$1.12V2

*

1st

87y2c

(Syracuse)

1

10-

8

Fedders-Quigan

10-29

10-15

Federal

Grain,

1

10-

Federal

Screw

$2.50

11-

1

10-15

12-31

12-10

25c

1-14-49

12-

8

8

3-

6-8

Fire

9-8

Firemen's

35c

a

Illuminating

Common

Ltd.

(now

on

Mills

11-15

10-20

Class

B

1-1-49,,

11-

1

10-16

20c

12-

l

Foote

11-16

1-3-49

20c

12-16

Foster

Kleiser

&

Go.

common

(quar.)

Franklin

Stores

1

11-

1

Franklin

Telegraph: Co.

20c

3-1-49

2-

1

Fraser

6-1-49

5-

2

50c

11-15

10-26

12-31

12-14

25c

10-28
10-28

10-11
HP-11

10-28

10-11

9-30

(quar.)

25c

97c

.

(quar.)

10c

10-27

Companies,

15c

11-15

Freiman

15c

11-15-

10-

—

4%%

Columbian National Life Insur.

Concord Gas

Co. (New Hampshire)—
preferred' (accum.)

(increased)——:'




11-

'V :

1

Extra
Fulton

10-15

37 %c

11-1511-

1

*'B"

Gair

10-30

Gale

; 19- 8

12-20

11- 1

11-15
11-15
1^1-49=

.

Oil

Co.

$1.50

(quar.)

Common

12-10

$1.25

3-30-49

3-10

$1.25 6-30-49

6-10

-

10- 8
10- 8*
10-15
10-25
10- 9
10-13
10-22
9-30
10-15
10.-15
lO^lS

Oil

Home

12-20

12-10

11-

10-20

1

9-21

*

Hormel

GOc

10-25

10-

11-

1

10-15

11-22

10-22

of

Houston

1

11-

1

10-

$$1

11-

3

10-27

40C

10-31

10-

93:,/4C

10-31

10-

8

$1.25

11-15

11-

4

11-

1

10-15

35c

.

10-25

10-15

11-15

10-25

11-15

10-25

10^29

10-19

11-

10-15

$1.25

11-

1

10-11

16%C

11-

1

10-15

30c

62%#

12-15

11-10

-

11-

1

10-18

-

11-15

10-30

,

11-15

10-30

$1.50
50C

11-

1

10-11

250

——

11-

1

10-22

41

20C

10-28

10-18

4c

(quar.)_

11-1

10-30

10-15

10-15

————-—
*

Mining &

.Smelting

preferred

(quar.)

pfd.

2nd

conv.

Co.,

Power

—

(s-a)

Illinois

12-16
3-16
10rl9
10-15

Power

Terminal
Zinc

RR;

Co.

12-20

1

10-15

11-

1

10-15

45c

11 -20

10-25

$1

11-1

_____—

10-15

11-

10-

1

50c

11-

1

10-

8

18C

11-

1

10-11

15c

11-20

11-

3%

12- 8

10- 6

25c

(quar./——;

—

(quar.)

11-

$25c

aviation

Shares,

Institutional

Cor)>.,

50C

preferred (quar.)
International Educational

16-15

11-22

10-30

11-26

10-30

U- 1

10-20

11-

1

10-20

12-31

10-30

t$L75

11-

1

10-

4

+ 83AC

11-

1

10-

4

$1.12%-,

———

30O

pfd. ($100 par) (quar.)
preferred ($5 par)
(quar.)———

11-19

$25o

Ltd

10-25

10-15
10-15

1

30c

Publishing Co.
preferred
(accum.)
International Nickel Co. of Canada, Ltd.—
7%

1
1

11-

20c

$3.50

7%

11-

11-

25c

>

Intertype
Iron

conv.

10-15
10-15

10-15

Jacobs

11- 1

10-20
10^-20

preferred(quar.)______

—__________

■•'

12-

20c

10-29

10-15

30c

Corp.

12-

1

11-10

10-30

10-15

'

(F.

(quar.)—

pfd.
L.)

—

Company,

5%

pfd. (quar.)__

(increased)—_a_:—_—
Knitting Mills, common (quar.) —

50c

10-23

62 %C

10-29

10-15

45C

12-10

11-24

11-

1

10-15

11-

1

11-

1

Jaeger Machine Co.
Jantzen

■

preferred- A (quar.) _a—————
Jersey Central Power & Light—
4% preferred (quar.)
Jewel Tea Co., 3^4%
preferred (quar.)
Johns-Manville 3%% pfd. (quar.)

20c

$1.25

10fl5

11-1
12-20

10rl5
12- 3

Johnson

10c
37%C

11- 1
11- I

10-20
10-20

Kable

Extra

Royalty

Ranch

.

(sra)

HM5

10-11

933AC'

11-

1

10-18

87 %C

11-

1

10-11

11-15

10-25

$1

11-

1

10-13

87 %C

11-

1

10-13

2c

(stock dividend on com.)
2nd,pfd; A /quar.)—
3%% 2nd preferred B (quar.)

11- 1

<

9-28

'

11-

1

10-20

3c

11-

1

10-20.'

5%

Johnson & Johnson

12V2c
30c

1

Co.

Ironer

"87-y2c
-

11-15*

4%

"

Co.,

10-15

1

12-15

'

57c

11-

1

12-

7%C

-----_____—

Stock

55c conv.

■

11-

25c
40c

133Ac

(quar.)——
Utilities Corp.- (quar.)

—_a——
Fund, Inc.-—
Fireman Manufacturing (quar.)

Ironrite

1,0-22

v

preferred

Isle Royal'.'"Copper Co.

,

10-15
10-15

10-30

9-291

15c

common (quar.)

Investors

10-30

1*

9-21

1

10-29

25c

group—:

bond group

Stock &

Intel chemical

10-20
11- 1
10-16
10-15
9-30

55c

1

15c

10-16
10-15
10-15
12- 1

10-30

1

12-30
11-

50c

Chemical Industries—
Ordinarv shares (interim)
Imperial Tobacco Co. of Canada, Ltd.—
4% preferred (quar.)—1
Incorporated Investors
—
Indiana Associated Telephone Corp.—
; <
$2 preferred (quar.)
Industrial Brownhoist Corp. (quar )_

12- 3

17%c

11-

11-15

;_

Imperial

12- 1
19-19
10-19
12- 3

11-12

1

$1

—

—

common—-—

(quar.)———
• (resumed) —
Co.
(quar.)

Illinois

10-20

$1.25

—

Co.

Brick

11-12

11-

56'AO

preferred

4 7"

Illinois

12-13

25C

(quar.):

common

12-13

$$1

:—

_J.

Refrigerator,

10-30

$$1

(quar.)—

•

9-30

10-15

$1

3c

Idaho

11- 1
11-1

9-30

25c

25c

Co., 5% pfd. (quar.)
Huyler's $2 partic. 1st pfd. (s-a)

10-25

1

10-25

lc

—

Power, $4 pfd.

Hoving Corp. ____—.
Howe Plan Fundi-—k

$2.25

$50c

8

$1

Huttig Sash & Door

$12%'c
$$1.12%

8

37 %C

-r

Company—

Lighting &

10-18

11-

(quar.)—————
(N. Y.)___

(Joseph)

Home

10-15

Corp.—

'

30c

Hardart Co.

&

Hussman

10-29

1

4

$1.12%

& Company, common—a—

A.)

(Geo.

preferred

6 %
Horn

10-20
10-15
11-10
10-15

25c

1

10-25

—

(quar.)

Inc.

10-20

*

'

10c

Co.——

Horder?s,

11- 1
11-15
10-26
11- 1

_a

>

25C

11-1

(quar.)

■

10-15

(monthly)

Common

11- 1
11-1
12- 1
10-29

$1

:a -V

11-24

1

■—____—

.

—

—-—

Co.

Brothers
'

'

>-

'

-

r
u

15c

(quar.)

& Furnace Co.__—

Kalamazoo,Stove
1

1

7

12-28

50C

Higbee Company, 5% preferred (quar.)
Holly Development Co. (quar.)
—
Holly Sugar Corp., common (quar.)—--——.
5%
convertible preferred (initial)

6%

—

Company, common
preferred A (quar.)

1211-

30C

$10c

(one share
shares held)__

six

each

for

15c
12%c
15c
$1.25
$750

5% conv. pfd. (quar.)__
(Robert) Company, 6%
pfd. (quar.)

&

1

10-15

International Resistance Co.—

quar.)

Securities

1

11-

1

$1.25

Chocolate Corp., common
$4
convertible preferred (quar.)__
Hibbard, Spencer, Bartlett & Co.—

Malting—

(quar.)_^

;

12-

11-15

12-15

50c

$1.37%

stock

class B

in

Payable

.12-31
12- 1
11-15
10- 8
11-12

1-2-49 v
4-1-49
10-29 ;
11- 1
12-15
10-29
10-29
12-20'

"

11-

56'Ac

683AC

International

(s-a)

(quar.)

&

(increased

Industrial

Gabriel

'

$lf '

Grain

preferred

Fullerton

$3.50
8O0

11- 1

11-15
10-15

1

dividend)

(stock

10-20

Special

Co. (Boston)

Semi-annual

-

:

12-15
11-

40c

4%%

10-15
10-18

10-25
10-25
11- 1
11- 1
10-25
11-1
11-19
10-15
11- 1
H- 1

:

11-15

12-15

SI

'

;

'

20c

preferred

$2.20

5

B

10-15

(A. J.), Ltd., common

Common

10-5

(quar.)__—'

class

and

A

11- 1

(quar.)

Ltd

9

/

.

America-i-

of

Corp.

Class

25c

Extra

10- 7

Inc.

Corp.

1

10-

——

11- 1

(quar.)

1

12-

11-

10-31

:—

15c

(quar.)_

^

11-

10-20

11-15

37 %0

1

(quar.)

10-30

15C

pfd. (quar.)

International Petroleum Co.,

—

preferred

10-11

20C

i
& Co., 5%%

(A.)

933Ac

Machine, com.

Extra
60c

Froedtert

Commonwealth Edison Co.

&

87%o

Co.,

dividend)

System,

Gear

5

50C

1

Bros.

20c

(quar.,)

Stone

(extra)-

preferred (initial quar.)
(Formerly Food Machinery Corp.)

12-10

11-

—

Battery

Hat

Machinery & Chemical Corp.—

$16c

dividend

Gas

Food

6

20c

___—

&

10-

(quar.)

pfd. (quar.)__
Co., class A. (extra)___——

33,4rc

quarterly basis)—;

V Extra

Sand

10-30

550

—

(cash

Florsheim Shoe

10-11

33%%

Co., Ltd
Shaff'ner & Marx___—
Hartford Electric Light (quar.)

$1.75
$25c
$1.12%
30c

Florida Power & Light 4%%

10-11

•

$25c

(quar.)

preferred

pfd.

10-11

11-1

8

10-11

10-25

—______

4%%

-,___—

11- 1

$1.12V2

(quar.)

Colgate-Palmolive-Peet

preferred (quar.)
Fleury-Bissell, Ltd., 5%

10-

10-20

—

Hart

15c

7%

Co.—

(s-a)
a

2-10

Louis

_____

Co.

11-10

Co.

$1.25

St.

_______

Plow

11-15

2-15-49

Philadelphia (s-a)
(Newark, N. J.)
(s-a)_
First York Corp., $2 preferred (s-a)
Firth Sterling Steel & Carbide—

12-24

10-25

$1

Company,

Quarterly

■.

1

8

11-

50c.

$2.25 pfd. (quar.)
Inc. (quar.)
Greenfield Tap & Die Corp. (quar.)
Griess-Pfleger
Tanning
(quar.)___*_
Gulf Mobile & Ohio, $5 preferred
'$5 preferred
2
—
$5
preferred
1-2
Halliburton Oil Well "Cementing Co.—
Harris

1

10-

10-

Extra

L.)

10-

1

10-25

$1.12%

Graysoh-Robinson Stores,
(H.

6

il-26'

10-25

62 %0

"

(quar.)-

10-

11-31.

25C

;

10-18.

1

50C

(quar.)
Co. (quar.).—
(special)
1

Co.

11-

$1.25

11-15
10-15
10-16

$1.50
$1.25
25c
$1

(quar.)__

preferred

Association of

30c

Monthly
Breweries,

1- 3

6%

10-18

11-15

Goodyear Tire & Rubber, common (quar.)__
$5 convertible preferred (quar.)—______
Gotham
Hosiery Co.
(quar.)

9-30-

12- 1
10-30
10-30

35c

30c

__—

________

Cockshutt

$1.75

(

$2.50
$2.50
25c
$$6.63
25c
50c
$1.06V*
10%

Corp. (increased quar.)_—
Ltd., G%% pfd. (accum.)—
(quar.)

Ins.

10-18

1L-15

(<Juar.)

ccmmon

Inc.' (quar.)

Rubber

Illinois

Works

Fibreboard Products,

10-15

$1.75
-

(quar.)

common

11-15

$3.50.

(s-a)_

8

10-30

$50c

Co.

dividend

Cash

10-14-49

(quar.)

„

(quar.)—

Insurance

10-18

Goodyear Tire & Rubber Co. of Canada, Ltd.
47c
preferred (quar.):—_________

10-15

$1 1-25-49
10c 1-1-49
$1.25
12- 1
$25c
11-1
37%c
11-30

Federated Department Stores, com. (quar.)_
4% 7c preferred (quar.)
Ferro Enamel Corp (stock dividend)

7-15-49

common

preferred
(quar.)

Life

10-30

$$1.25

—

Extra

(quar.)

11-

4-15-49

,(quar.)

Monthly

'77c

11-

$3

(quar.)
$4.50" preferred (quar.)
Clinton Industries (monthly)—.

Extra

5

Traders

15c

Common»

Columbia

11-

&

25c

Electric

Stock

11-15

Mills, Ltd., 5%
Brewing Corp.

25c

Cleveland

Colonial

Farmers

MoBean &

Hudson4Bay

Quarterly

__________

Cincinnati, Chicago &
5% preferred (quar.)

$3.50

Falstaff

10-21

25c

preferred

A

Colonial

10-21

10-30

(quar.)

Stores,

Common

10-30

4•

$1.25

Cleveland,
Ry. Co.,

Coast

Esmond

10-

(quar.)__
r

City, of PariS Dry Goods Co.,
7%
1st preferred (quar.)

Class

10-21

50c

(quar.)

Cincinnati Gas & Electric

City

10-30

$1

(quar.)____

11-

25c

1

50%

$1.25
20c
•
25c

Equity Corp., 20c preferred (s-a)
Erie & Pittsburgh RR., 5% pfd. A (quar.)__

40c

_

(quar.),.—

Common

,

Employers Group Associates (quar.)
Emsco Derrick & Equipment—
4%- convei-tible preferred (quar.)

$1

common

5% preferred (quar.)—
Chickasha Cotton Oil, common
Common

dividend)

preferred (quar.)
Empire Millwork Corp. (quar.)

56V4C

preferred (series of 1947) (quar.)
Chesapeake Corp. of
Virginia
■_
Chesapeake & Ohio Ry.
"3%% convertible preferred (quar.)__
Chicago Allerton Hotel (irreg.)
Chicago Corp.
(quar.)
Chicago & North Western Ry., 57 pfd. A__
Chicago Rock Island & Pacific RR.

17c

Dorado. Oil

.

$1.12%

(quar.).
Works (stock

9-30
10-15

$1.25

Inc.,

dividend

Green

9-30

1

$2Qc

(quar.)

preferred

GlObe-Union,

Subject to the approval of the California
Commissioner of Corporations.
Empire District Electric Co.—

8

$1.12%

4%

.Common

(quar.)

common,

preferred

5*/o

4%%
prior preferred (quar.)____
Chain Store Investment Corp
1
4%% conv. preferred (quar.)
.Champion Paper & Fiber, common
:: $4.50" preferred (quar.)
Chase National Bank (N. Y.) (quar.)

preferred

(quar.)—

4%%

Certain-Teed Products—

4%

Township Telephone Co.

Ekco Products Co.,

12-8

350

___a

Pasco

(accum.)_

El

(quar.)

Special

30c
25c
$1.25
25c
30c

i

(quar.)

Corporation
Sugar Associates, $5 pfd.

11-3

Central Stefel & Wire

Cetro

15c

Eastern

vV"a'a'-

(quar.)

87%c
$1.12y2
5c

:

:

11-15

(auar.)

common

preferred (s-a)_
commoh (quar.)

Razor;

Harvester

Goodall

10-5
10-15
10-15
10-15
10- 8
1- 7
10- 8
1- 7
10- 1
10- 1

11- 1
10-28

1

9-30

87.'Ac

common.-—.:

9-30

:

Electric

Coast

11-

Company,

Satety

Stock

10-29

11-

17c
4%

Eastern

4

11-19-

62 %c

1

Company

Eastern

10-

Hershey

—

Corp.—a,

1

12.-11
11-15

20c

10-15

Metal

Test

11-

.

:

250

11- 3
11-15

preferred (quar.)
preferred
(quar.)

$4.50

10-11

85c

$3.50

Power

& Bouth

(quar.)

4*

$1.50

$$1.12% % 11-15
$5 , 11-24
15c
12- 1
$25c
11-1

& Supply (quar.)
(stock dividend)—
(E. I.) de Nemours & Co.—

Pont

50c

common

^
;

Duplan Corp.

15c

Electric,

(quar.)

(quar.)

10-

$1.25

:

preferred iquar.)__
a
Hayes Mfg. Co. (increased).
Hayes Steel Products, Ltd. (Increased)——
Hecht Company, common
(quar.)—;
—
33A%
preferred (quar.)—
Hercules Powder Co., 5% preferred (quar.)_
Hercules Steel Products, 7% pfd. A (quar.)_

$20c

10-29
10- 8

25c

Corp.—
(quar.)
Central Power & Light (Texas)—
47c preferred (quar.)

Ltd.

A.)

Brothers,

$4.50

10-15
11- 1
9-30
10-15

10-26
11- 1
11- 1
11- 1
11- 1
2-1-49
11- 1
2-1-49
10-29
11- 1
11-13

1

common

(quar.)—

preferred

Gladding

10-25

11-25

$75c
$20c
$75c
$37%c
$25c
$25c
$$1.25
$$1.25
%
$40c
v
$25c
$25c

Extra

11-15

1

preferred

(increased)

Industries,

(S.

Gleaner

Ltd.—

convertible

50o

.

Co., Ltd
Co., Ltd. (quar.)
Worsteds, Ltd.—

Dryden Paper Co., Ltd.

10-20

10-30

Linoleum

&

Donnacona, Paper,

10-11

11-10

(quar.)___^

preferred

Central

10-29
10-12

11-1
12-. 1

$1

(quar.)

&

11-15
11- 1
11- 1

50c

11-25
10-15

—

Chemical

&

12-15
11-15

$$1.25
$$70

__

5%
(quar.)
Central Coal & Coke (increased s-a)
; Extra

(quar.)

9-30

:

(quar.)—

com.

(quar.)

10-15

.

(quar.)

Ltd.

Co.,

11- 1
11- 1

$15c
$20c

—

(quar.)

10-30

(quar.)

6%

common

preferred

Malting

$6c
$10c

(quar.)
7%

Dominion

$17%c

.

& Company

Corp.,
preferred

Y.

11-22

&

Celotex

3.40%

Common

$18%c

Light, common
Cgrpenter Paper, 4% preferred (quar.)
Carson, Pirie, Scott & Co., 4%% pfd. (quar.)
Castle

10-29

(quar.)

Lamp Co., Ltd.

Oil

Cos., Ltd.
Canadian Utilities, Ltd.,
Carolina

10-29

11-22

$25c

Canadian Converters, Ltd., class A
(quar.) __
Canadian Industries, Ltd., common
(quar.)

Canadian Motor

11-22

$20c

10-30

11-

(quar.)

(quar.)
Wares, Ltd.,

Steel

(.referred

Hart

redeemable

convertible

$20c

(quar.)

-—

Ltd., common
preferred (quar.)

Fabrics,

1st

2nd

;

_____

Convertible

(monthly)

Oil: Fields

•

3c
20c
$17 %c
25c
$30c

3*

$2Q0

Corp.,

Shoe

Gerrard

9-24
10-25

10-25
11-15
10-30
/10-29

80c

(quar.)

Bridge, Ltd. (quar.)
Dominion Coal Co., Ltd.—
67cpreferred
taccum.)

$15c

(initial)

B

Ltd

Co., common
(quar.)

preferred

(s-a)__

5%

;v'.

Inc.__^

10-

EiC't'fl

10-11

11- 3
-.10-30

7 y2%
40c

(final)

(quar.)

Dodge Manufacturing Corp.
Dome Mines, Ltd.

Canadian Car &

'

.a

Trust

1

933'4C

preferred

$3.50
Gene: x\

11- 5
10-15
10-18
10-14

Co.

11-

1

11-15
10-27
10-25
11- 1

50c
5c
25c
9c

*10-11

11-

10-11
10-11
10- 4
11-15
12-23
11-15
12- 1

(

:

1

11-

10-25
10-25
10-30
12- 1
12-23
12- 1
12-15
10-25

;

Dominion

Fire

Canada

;•

(quar.)—1

10-25.

11-

$1.5Q

$5

___:_

11-

preferred

Gillette

60c

11-10

11-25

11-15

$1.37%

Utilities

Public

General

Gimbel

(quar.)—

:

50c

$5.50
$6

12- 3
12-17

11- 1

(quar.)

250
50C

1

11- 1

40c
Mfg;~A_——12y2o

Shares,

25c

$1,20

10- 1

(initial)

Extra

50c

Canada

l;

Co.

11-iu

11-

1

.

pfd.

77

Yard

Co., Ltd.—
deposit receipt

Corp.

Dividend

Co.—

(quar.)
preferred (quar.)

Camden

>

Y.)

American
Divco

$1

.

(quar.)

(Kansas)

Co.

Common

,

(N.

Stock

Investment

Diocesan

10-11

10r25

$1.80

(quar.)

Telephone

Supply
Union

Dictograph Products
Diebold,
Inc.-

10-30

75c;

(quar.)

Properties

Detroit'.Gasket.&

10-30

62%c

Cement

Derby

.

$20c
$37c
$20c

Monte

Denver

10-25

30c
50c
25c
35c
$1.75

.

1

11-

11-25.

87 %C

(quar.)—_____—
$5 preferred (quar.)_
(quar.)—

9-30

11-15

$1

$1:

12- 1

Light* (quar.)

11- 1
11- 1
11- 1

12-

2%%
(quar.)

common

&

&

11-22

$1

(quar.)

Portland

Power

Dentists

$1.75

____

California

Delaware

5

5c

(quar.)

12-

common

11-1
11- 1
10-15
"

87Vic

(quar.)

participating preferred (quar.)

California

Co.,

11-

7%%

(quar.)__—_-a_—

Advertising,

preferred

conv

$37'/2c

(quar.)

(quar.)

12- 1

(quar.)

Electric Power, $3 pfd.
California Packing Corp., common
i
Extra

preferred

A

Del

preferred

California

5%

Rubber

Class

:

preferred (quar.)—
preferred (quar.)

$4

$17%c

11- 1

(s-a)_

Mills,
preferred

Dayton

1

9-30

——

Outdoor

General

Inc

B

12- 1

(Holding),, Ltd.-—

Linen
1st

1'

5

10%/;

General Public Service—

12-17
12-17
11- 6
10-20
11- 1
11-12

25c

Co., Ltd., class A

:

11-

—

——

Corp.

preferred

10-19
1Q- 8
10-15

10c

-7 87%c

preferred

77o

preferred

'

$1.50

50c

(quar.)_.

Wireless

5%%'
Caldwell

:

(quar.)

__

(quar.)
(irreg.)

Bros.,

y-24
9-24

Britain)

(Great

—

$3.75- preferred

10c

(irreg.)
(quar.)

Corp.

Davis Leather

10-28

Class

pfd.

1

10-25

General Motors.Corp.,

87'/2c
$1

(quar.)____

common

5%

11-

50C

Mills, Inc.,"common.(quar.)--

General

11- 1
10-25
11-15
12-16
12-31
1-3^-49
1-2-49
11-15
11- 1
11-15
12- 3

ccmmon

preferred

11-

(quar. )

M.)

3Vz'io

Inc.,

50c

_:

preferred

Press,

25c

___•_

Bullock's, Inc.
Burlington Mills, common

4Vo

10-15

Sugar,

Sugar,

25C

convertible preferred C (s-a)
preferred A (s-a)
Foods Corp., common (quar.)__
$3.50 preferred (quar.)

11- 5

50c
10c
$2
50c
$1.25

(quar.)

preferred

common—

(increased)

Co.

5%

11-19
12-15

(s-a)

Curtlss-Wright

(quar.)

3Vi7c

11- 1

$$1.50
Inc.—

(irreg.)
(Los Angeles), 47c pfd. (quar.)

Byers

Corp.

Cuneo

Buffalo Forge Co.

3Vi%

Atlantic

25c

(quar.)

B

Cuban

U-20

12- 1
1-2-49

70c
12y2c

•

(initial)

8%

:

4%

6%

(irreg.)

Co.

11- 1

Co.—

6# 2nd preferred (quar.)
Broadway Department Store,
"Class

& Seal

Drug
&

$1

,

v

a

General

General

8

10-23

Bonus

11-15
11- 5
12-10
12-10
11- 5

10-

10-15

Corfi.,

Finance

1

1

Electric Co., Ltd.'

General

11-

U-

General

10-10

1

10-28

Cable

A__—

10-20

15C

.__

(quar.)—__

Electric

Final

i

11-

1

20c

Corp.

Bronze

General

Y.)—

—

Inc.

10-18

11-15

11-

$1...

$1.06'A

preferred series A (quar.)
Baking Co., common

General

10- 8
10-15
11-20

-

$1
$1.13

—.—

Exchange Bank Trust Co (N.

$$28

___.

—

preferred (quar.)

4%%

10-18

10-30

$1.12%

4.%%

General

;

(quar.)

$$1

(accum.)___i_

11- 1
11-15
12-1
10-25

—w.

preferred

Criun

1

__

preferred

(s-a)

Extra

47e

British Columbia Pulp <fe Paper, Ltd.—

17c

$1.25
$1
- 25c
8c

Paper

Continental Gin Co.,

"

Semi-annual

General

Textile

Consolidated

Ltd.

Co.,

10-15
10-15

Co. (quar.)__.____
Royalty Oil (increased s-a)__
Mills, Ltd.—
; , , :
,
5% preferred (s-a)
$50c- 12- 1
Consumers Power Co., common
(quar.)
50c
11-20
$4.50 preferred (quar.)
$1.12%
1-3-49
$4:52 preferred (quar.)—
$1.13
1-3-49
Container Corp. of America, com.
(quar.)__
50c
11-20

10-11
10-15
10-20
10-15
.10-15
10-19
10-19
10- 9

50c

(quar.)-

common

(quar.)_„_

Inc.

Special
Brazilian

_

1',

Corp.,

preferred (quar.)

Boston

;

_

5%
pfd.
(quar.)

(quar.)

Fisheries

11- 2
10-25
11- 1
10-31
10-31
11- 1
11- 1
11- 1

$4

_

Booth

11- 1

(quar.)_____

Company—
(initial quar.)

common

<

Gas

11- 1
11- 1

$4.25
•

—

Consolidated

25c
70c
$62%c
$1
62Vic
25c
$1
60c

50c
25c

.

37%c
18%c

Wood Industries,

Gar

Inc.—

(quar.)

Natural

Consolidated

10- 1
10-15

—

Bloomingdale Brothers
Blue Ribbon Corp., Ltd.,
Boh

preferred

$5

12-20
10-25

1-1-49
11-15
10-23

industries,

A

10-18

10-30

62 %c

)_—

pfd. (accum.)__
Gardner-Denver Co.,
4%
pfd. (quar.)_____
General American Transportation—

$1.50

1

(quar.)
_>
Consolidated Dearborn Corp. (ouar.)
Consolidated Edison
Co. (N. Y.) —

10-30

16c

(quar.)

Electric

(E. w:>

New

Chemical

pfd.

partic.

preferred (quar.

57c

12-10
10- 5
10- 5
11-15

$$1.50
50c
47.y2c

pfd.. (quar.)_

6%

10-30

10c

20c

(quar.)

common

12-15
11- 1
11- 1
12- 1-'

(quar.)

pfd.

Holdeis

Payable of Rec.'

Share

EXtra__a_---_ r—

(Toronto)—

$2

Power

(quar.)
Power,

River

Connecticut

Consolidated

_;

&

Gamble-Skogmo Inc.,

10-15

11-15

$5c

Ltd

Corp.,

_

Connecticut

Bessemer Limestone & Cement—

4$ preferred (quar.)
Best & Company (quar.)

International

Quarterly J
.1
Light

11- 3

10-30
1-3-49
11- 1
11- 1
10-30
11-15

___

Ltd.

Stores

B

Commonwealth

10-15

$37Vic
35c
$$l
20c

__

& Sons, Ltd., class A

(J.')

Class

10-15

11-

Name of Company

Payable of Rec.

Share

■

11- 1

Ltd.—

Paper Co.,

(quar.)__

Shoe

Bertram

of Company

$100

(extra)
Befirus Watch Co. (quar.) __1~
Benson & Hedges, $2 conv. preferred
Berland

Name

$50c

(s-a)

(quar.)

Belding-Corticelli,

'■

Payable of Red,

Share

^

.____

Power

Class.

)

v

,

When

Per

Holders,

When

Per

,

-

...r'Name of Company

v

(

i

'i

:

10-28

10-18

25c

11-1

10-19

Number 4745

168.

e

COMMERCIAL

THE

FINANCIAL

&

CHRONICLE

(1733)

49

'

=

■:

•

Name of

> y;.

:

'""j''

Parchment Co.

(quar.)i- 15c t

12-15

Light, 4% pfd.

(quar.).

.

Company ■}:

Kalamazoo. Vegetable
Kansas City Power,&

3.80%

i.-

Whew

•

preferred

:

Holders

12-: 4

'
;'■>* Share- Payable of Rcc.

ri?

(quar.)

95c

•

.

12-

„

1

Per

Nam* of \Cor- ■*•.■

Mutual

l< 4

"

Aim

I

v

30c'

preferred-

Kobacker

S.)

tS.

Extra

Kress

Kroger

4y2%

Kuhlman

Lundis

John

Lane

Lee

12-

1

11-10,

(quar.)—

12-

L.

lr-

Manufacturing

Power

&

Co.

&

Paper Co.,

Rubber

Tire

&

Portland

Lerner

Stores

j Lewis

11-15

11-

12-20

56V4C.

11-

5 Ocr

■'

.,

Lincoin

•

10-28

75c

12-

1

$1.1212

11-

1'

10-20"*

Life

10-31'

725c

Insurance

_

Co*.—'It!.

30c

=,,

1111-

(quar.

'Little

Miaoifc RR.

v.

Guaranteed

(quar.)

•

Dock—

5%

convertible

preferred

5%

convertible

preferred

&

•Lord

Taylor, 8%

Louisiana. Power<.&

Light

•Lumbermans-Insurance
v.;.*1 Luzerne
v-'-v

County Gas

4 •Mi*

.Mi

J.

preferred

&

M.

&

M.

(quar.tJ

&

12-20 ;

-

4-1-49. >

$2

(IT- 1

Common'.

11-

S1.75

•

11- 1

Square Garden

Mailman

57o

Corp.,

Corp.

Maltine. (The)

Company,

12-10

10-11

10-11'"

;

Marconi

International

tions

Co..

10-30

12-20

1-2-49

12-20'i!r

1-2-49 !

■Marine

Magnesium

Marsh
»

Wall

Marshall

12-20"

11-

10i

1

MairTex

.,C.

10-31

i-,

preferred

$3.40

(series

preferred

1947)

5%

Company, S3 preferred
$6 1st preferred (quar.)

McArthur
5%

Chemical

preferred
Grain

1

10-20

11*

1

10-15

11-

1

10-16

11-

1

10-15

Rock

11-

1

10-15

Rockland

25c,

11-10

10-14

Roper

11-1

10-20

; McCall Corp.

Engineering

*

Oliver

:11-18
"9*30

1

lo-rs

'

10-15

"

12-

Oliver

Co;

'McGraw

Electric Co.

.

*

&

McGraw-Hill

Publishing

convertible

1
1

10-15

r

11-

1

lu-15

11-

1

10-15

10-30

10-14

28 %c

11-

10-21

10-15

1

Candy Corp.,
Corporation;

Mead

common-*.

11-

1

preferred
(quar.)_^
second preferred
(quar.)

$2

(Melville

4%

Shoe

7%

Corp.,

5%

(quar.);___,____^,
Stores, common
(quar.)

class

Mills, Ltd.
Meyercord Company

Bakeries,,

Co.,

]

$1

Gas

5%

Electric

&

preferred

4.40%

Gas

&

5%

Petroleum

to

SEC

Lighting

Pacific

Public

11-10'*

10-27

11-

10-11

1

10-30
12-

$1.30
Pan

10-20

i;r

12fc 1

11?•'

9
9

12-

1

11-

11-

1

Scarfe

11- T'i,'

pfd.

common- or

split

4%

10-30

10-15

5Va%

12-

1

10-27

5y2%

10-30

y10-21

t$1.75
15c

25d:

7

-■^12-20

11-30

,

15

if

11^

1

10-20

Peaslee-Gaulbert

10-31t

share

10-25

10-15

11-

1

5'/2%

10-15

11-1

10-15

12rM:

10-15

11-16

iy

•

1-1-49

12-15

10-29

10-

11-

1
1

1;

10-15

4

$6preferred

11-

•

4.80%
Monroe

{

4.40%

pfd.

(quar.)_

;iy4C

12-15,:

11-26

12-15-

11-26

$3

*

&

Morrison-Knudsen
5%
Mount

convertible
Diablo

Co.

A

(s-a)

(quay)

(quar.)

________

Mining

&

Muehleback
5 %

Mutual

(Geo.)

participating

Mills,

11-

1

10*30(

10-

9

Preston

11-20"

11-

1

Procter

"11-

-

1

10L15

preferred

Chemical, 6%

-

3/

11-15

12-

3

11-15

12V2c
com.

(s-a)_

(s-a)

preferred




12-

(quar.)

20c

10-30;-

10-15

Oil
&

11-30

12-15

11-30

$1.50

12-28

12-16

—

(initial).—

Gamble

Co.

Public Service
4 y2 %

Public

Service

each

Cash

of

Co.

Gas

of

dividend

Water

on

Pulp Co. (quar.)

share

3V2 %

of

Co,

pfd.

conv.

pfd.

a

(quar.)

28c*

(quar.)_

California

-

1»

"11-15
11-

8

10-16
10-15

10-15
10-18

10-18

K

10-15
10-

9

10-1

10-30-.

Water

28'/2c

Co.,

81J/4c

common

25c.

11-15

9-30

11-30

10-31
11-15

11-15

10-15

10-31.

10-

5

10-31.,'

10-

5

10-31

10-5

12--1

11-

12*

1

11-

1

12-

1

IK

1

1

Southwestern Public Service—

10-15

11*

10«1

•

1

92y20v

: 12-,

50c..

1111-

1

10-

1.
1

10-20

10-30?
10-29

1

10-

.„

1

1
1

10*20

12-

1

11-

1

10-

1

12-

11-12

,

$4

preferred series A
preferred

Cash

dividend.

11-15

10-25

11-

10-

5

6

5

12-16

12-

55c

11-

1

1

1

11-15

(quar.)

Wholesale

..

10-15
11-10

12- 9

10-22

12* 9l

10-22

12-

11-18

1.

1211-15/

11-

5

11-15!

11-

5

50c

11-1

10-15

60c

Phosphate

Acid

&

pfd.

pfd.

Brewers,
Stern

(J.

(quar.)

(quar.)

—

11-.

10-11

1^

3

12*31,

12-15

775c

(quar.)

11-

K

10-

7

743%c

.-_

11-

1

10-

7

11-

1

10-

7

25o

pfd.

12*17

10-30,

*10-19

$1.25

(quar.)

9

,

___

:

10*30..

10-19

50c

11- 1

10-20

50c

____________

Stott Briquet Co., Inc., $1 conv. pfd.
Stouffer Corp.
Stowell Screw,-Ltd. class A (s-a)_

10-

1-2-49,.

50c

(quar.)

10-29

10-28

57c

(quar.)—

11-12..

25c

Inc.

Textile, 4'/2%
Co.

10-11

$1.25

;

P.). &

12-

IK 1>

731 y»c

(quar.)_

Stores

12-14

715c

class A

of/Canada, Ltd.^ com.

—

...

1^

710c

Brothers

Special

12-

25c

______

Inc., (quar.)

Sterling

11-15

11-

12-10"

Co.—

Spring Co.*—
pfd. (quar.)

partic.

&

10-15

=10-16

Steel

Stern

stock
87 y2C

Mfg.

10-15

1

10-23

12y2c

Co.

Sterchi

11-15

1

$1

Participating

share: of
12-

50c

2y2%

Silica Corp.

conv.

7%

10-15

12-

Steel

11-

56y4C

Class B

,

11-1

75c

__.

Stecher-Traung Lithograph,. 5 %

10-30

11-15

$1:.
$1,

(N. J.)

dividend

Works,

10-11

1

(quar.)

(quar.)
Fire Insurance Co.

Standard

11-15

11-

preferred.;(quar.)

Stanley Brock, Ltdq

11-16

12-15

$1
90c

1

10-15

12-1

4%

U-16

$i.37y2

1'

$1.25*

Extra;

1

12-

10-15

11-

12-10:

Standard

5

11-

$3.12 y2

10-15

1

«Ss Sons—

Railway- Equipment
Quarterly

10-14

11-

1.

11-

12-15"

$4.50

R.)

Standard

,10-14

11-

10*15

11-

50c

Stock

8

11*

11-1,

97y2c..

;

(quar.)
Standard Fuel Co., 4V2% pfd. (quar.)
Standard Oil Co. of Indiana
(quar.)___
Standard Oil Co. of New. Jersey—

8

114

11-15

$1.12ya

Inc.,
(E.

$4

8

10-

10-15

12-1

92V2c

(quar.)

preferred

Standard

9-29

10-

11-1

50c

$1.03%

-

10-12

11-1

10*15

55c

quar.)

(quar.)

Squibb

10-15

11-

30c

10-20

11-1

Spiegel,

9

87V2C

11-15

$1.20

Co.—

(quar.-)j
5% preferred (quar.)___
Spencer Kellogg & Sons (quar.)

10-15

K.

V 730c:

(quar.)

Electric

3.90%' preferred

1

11-

26yjc

common

&

3.70%.. preferred

1

1

11-

$1.06V'4

1

1211-

$1.10, '

POwer,

Common .(increased

'4:15%

$1.25

(quar.)

1.

10-25
10-25

37V2c

^

o

11-15,

held

pfd.

11-

10-

11-1

725c^

(quar.)

com.

preferred .(quar.):

Stevens

capital

10-18

11-1

11-

75c

1-

California. Edison,
conv.

10-15
10-18

1.,

4

a-

2-15-49.

$1.06 y4

(quay)

k

1

11-25;,

40cf

Southwestern Associated Telephone Co.—
$2.20 preferred (quar.)

Indiana—

(6/l00ths

&

common

(quar.)
com.

—

11-

1

,

11-

40c

750c^

8

73c

Colorado;

1
1

10-15

22J/2c.

11-

10c.

(quar.)

dividend

Indiana
for

Co.

preferred

12-

11-

720c

(quar.)

12-10

11-15.-

75c

(quar.)

Proprietary Mines, Ltd
:
Prosperity Co., 5% preferred

Stbck

12-15-

6212 c

Co.

10-20

12-

730c

quar.)__"

preferred

1-49

1-

ny2c

Potomac

1

12-15*

Co.—

Indiana, Gas

$1.25

Pittsburgh & West Virginia Ry. (resumed)
Edison, 3.60% pfd. (quar.)

11-15

lc-

Ltd

1st

(increased

Co., Ltd—

Standard

(s-a)

11-

Ltd.—

Canada

75c

Co;, prior pfd.

10-20

50c

4.8%

$1

5%: preferred A (accum.)
prior preferred (quar.)

1

25c,.. 11- 1,

Southern

$1,10'-.

Pittsburgh- Steel,

8

12-10

12-15

730c

Bouthem

90c

Pioneer

11-12
10-

v

11-

87J/2c

preferred (quar.)
4y4%
preferred
(quar.)

1

11-10

1
1

20cC "

10-22

10*

10-20

1211-

10-29

12-31"

$1.50

10-22

1'

1.

11-15

35c

common__i_________..

10-29

1

1

11-

725c

10-29

11-

(quar.)

7-18

i:;kl0-18

856

10c,

9

$1.07 y4

(quar.)

8-1-49

40c

4%

10-22

IK

pfd.

4-18

27V2C

27y2c

10-

5

95C

4%

1-18

5-1-49^-

12%jc

(quar.)

10-30

$1.50

ll—

Development—

Brewing Co.,

(quar.)_

(quar.)

Paper Mills,

convertible

Southern

1

(quar.)

10-18

1

2-1-49:?

25c

Corp

4.48%

10-10

pfd.

10-20

11-

$2.60

11-

10-

;

5

11-10.

9iy4c

(quar.)

O.)

Aircraft

Southam

12-16

10-25

(quar.)_

Petroleum

Power,

(Howard)

90c

10-29

10-25"

12-

lc

Rice

preferred

(Del.)

4.56%
11-17
1*2-49

10c

Co.,

(A.

Common

11-26

15c

Phillips-Jones Corp., 5%
pfd.
Phillips Petroleum Co. (quar.)

75c

12-15

71c

10-15

62I2C

;

Royal

quar.)_

Ltd

I'¬

50c

Extra

Mount

(quar.)

preferred
Corp., class A

Oil Corp.,(quar.)_
(N.), Co., .jLtd., common.,.

Soundview

Power

(s-a)-,

preferred

5y2%

10-20

common

&

IT-

10*13

1

50c

!

(increased

10-15

1

11-

775c

Gear

Co.,

1

C 11-

10-15

$1.50

11-

2IV2C

Co., common (s-a)
preferred (quar.)__

Oil

Mines,

Morris &

$3.60

1

25c

$1.10

$1.50

(quar.)_'_

Quarterly
*

preferred

(quar.)____

5%

25c

quar.)

50c

pfd

participating, preferred
(John)

Gold

preferred

/Philip

11-

25c;:

Philadelphia Electric Co., 3.8%
4.3%
preferred
(quar.)_.
4.4%/ preferred, (quar.)

10-15

Smith

10-20

82y2c

$1.62 V2
y2

Co

Chemical, $3.25

Montana. Power, $6 preferred

Morrell

&

Cement

Philadelphia., Co.,

Moody's Investors Service—

1

Machine

Petroleum. Heat

10*29

10-31

10-15

30c

__________

10c

S1.-20

(quar:)____-_____*

Chemical

25c-

(quay)
.

Power,

preferred

Monsanto

common

(quar.t.

1

11-15

11-15

10-15

1

27^c

(quar.)____k___ r'f

75c

(quar.)

10-20

6%

Smith

$1

Co.—
11-15

B

t,

Sinclair
Slater

held)__

Pennsylvania Electric Co.—
3.70% preferred C (quar.)
4.40% preferred B (quar.)
Pennsylvania Power, 414 %'. preferred (quar.)
Pennsylvania Railroad Co
,
Pennsylvania Salt Mfg., 3y2% pfd. (quar.)

10-20

10-31

10-31

1

11-

40c

Pacific

10-31

Hugoton

(quar.)__.

common-

10-20

.

10-30.

$3.25.

Class

Ltd;f*

10-29

11*29
10-30-

11-15

10-

11-

27V2c
-

35c

Corp.

Perron

10-30

$1.50-

,

Co.

preferred

11*15

Telephone Co.—

Permanente

laccum.)____,

Monongahela

Oil

6

11-15

27'kc

Extra

11-15

11-2B

:*,

710o

;

Sierra

10-30

12-18

720c,1

com.

10-15

11-

760c

—

Shirriffs, Ltd., 5%. preferred (quar.)
Sibley, Lindsay & CUrr Co. (quar.)__.

10-21

11-

75c

Co.-___

10-s

9-30

77c

A:

(increased)

Co»

Line,

convertible

Southern

share

10--8

Ltd

Corp. of America (quar.)
Sherwfn-Williams Co. of Canada. Ltd.,

Co.—

«—

Penman's,

•

Perkins

$1.18%-

each

10-30.

8

.

quar.)_

Sheraton

32y>c

(quar.)
$1 preferred" (quar.)
$1. preferred... (quar.)

11*1

12-

;

&

for

9-30

11-1

7$1.50

Security Insurance Co^ (Conn.) (quar.)_____
Sharp & Dohme, Inc., $3.50 preferred A
Shawinigan Water & Power Co. (quar.)____

50c

of

lOrll

7S1.75
:

Extra

Solar

share

10-30

11-1

(qucr.)

$3.65

Electric

Seaboard

75C

...

lOrll

___________

Container

3 1 '/4 c

(quar.)^__

Common

10-15

1

Mississippi Power & Light, $6 pfd. (quar.)__
Missouri-Kansas Pipe Line,

Co.,

Seaboard

37y2C.

(quar.)

10-30

"12-

$1.25

Class

Co.

11-10

343/s0

(quar.)_

Extra:

11-

20c

Implement-

Tilford,

Davis

Peninsular

is

j.

&

10-14

*

t.

&

12-10

10-15

10-15

1-1-49

Ry.—

$3.40 pfd.

Air

8%

(quar.) i_
Inc. (quar.)___

Parke

11-29.A;*; 10-29

Miles Shoe, Inc., common (quar.)
4% %
preferred <quar.)_,__
Power

Co.

Park

of Indiana

each

preferred

Dillon

Mfg.

3iy4c

half

(A

preferred

10-30

shares^ as proposed, for
he]d__-______:y___!___-___y

Minneapolis-Moline
$6.50 convertible

dividend

10-15

$1.06 y4
.

Co.,

Scranton

$1.25

Pipe Line—
dividend)
(quar.)

(cash*

1

four shares held

two'shares

two
shares

Paper

Seaboard

10-22

10*15

10-31

7$1.06

(quar.)____

10-15

10-30

10-11

10-31...

;'7i8%c

A

11-10

11-15

8

12-15

10-25

,

50c

10*30

11-15.

10*20

If

12-29

Co.—

12-10

10-15

11-

25c

(quar.)___:__

Scovill

10-15

10-

90c

(quar.)

Scott

10-15

10-19

25c

Distillers

Scotton

1

1

10-15

1,

750c

A

2-28

1

1

11-

10%

pfd. (quar.)

A

5-31

11-

1012-

50c

preferred

3-21-49

10-30

(initial

preferred, A

6-20-49

11-r

1

12-10

12c

1

preferred
5y2% .preferred

y

(s-a)___

11-15J

(liquidating distributions)

into

each

1

11-

(quar.)_____

■__

5y2%

$1.25

Petroleum & Transport

Eastern

Production

11-22

*

v

Ltd.,

Schwitzer-Cummins

Service Co.^—

11-

5c

share' of Public Service Co.

10-

50o

Gold- Mines,

Co.,

B

Schenley

$1.25

(quar.)

(quar.)

Co.-—

preferred

preferred

Common
Stock

10-22

12-15

,

approval.

for each

common

&

Class

10-15

$1.12%

c

Corp.

preferred

Panhandle

10-22

25c;'.

1st

American

4%

9

11"

One. sharp of WlsonSir. Power & Light Co.
One

10-15

K

1

25c

(quar.)

10-15

25c

(quar.)

redeemable

$2.25,

(irreg.)

Mid-West Abrasive Co

Subject

5%
Pacific

$1.10"

_•

1

1

Co., Ltd.—

Francisco

preferred A

10-15

7$1.75

(quar.)

(quar.)

10-18

25c i

(quar.)

West Corp.

preferred

8t. Louis San

Ltd.—

(quar.)

preferred-

-

preferred

10-18

Electric—

preferred

Mid-Continental

Middle

preferred

5 y2 %

5%

$1.75;

(quar.)

'

Michigan

6%>

7

11-15

1

50%

non-cum;.preferied- (quar.)

7%

2nd

1

50c

sinking fund series

20c

(cash- dividend)

Stock dividend

;

1st

$2.40

1

50C

(quar.)

,

1

725c j.

^quar.)____^__
common

10-20

11-

' 11-

710c

.

10*30

725c

Corp.,

20c v

:

10-20

11-1

710c

(quar.)
Paper Mills Co., Ltd.—
preferred, (initial quar.

11-

7$1.12y2

(quar.)

A

(quar.)

11-

$1.75

(quar.)

preferred

11-

50c

Products

Steel

11-

$lr.
*

preferred, (quar.)

Michigan

10-15

•

45o

(quar.)

10-20

11-

$1.25

(quar.)

Lawrence

550

1

Finance

10*15

1:.

50c

common

Mercury

'

11-

$1.06V4

preferred-

Mercantile

11-1

50c
—_—

10-21

3007t>

u

(quar.)______

Ltd.

Mills

20c

Elevator. Co._____

.-Pacific

10-15.-

12-151

10c

:
:

—

4'/4.%

11-

11-1

(quay)

740c

Flour

750c

Outlet Company

U- 1.V; .10-8

25c'

:

10-15

25c,

93%a

Y.)

Inc., common (quar,)—

50c

(quar.)__

10-11
10-18

quar.)

1

San. Antonio

(quar.)__

-

preferred

Filters,

Otis

11-

St.

Hampshire—

common

11-15

11-

Lawrence

$6

10-25

1<

11-1

75c

(N.

conv^

Common

.

11-

10-28

(quar.)

Stores

750c

% < Common

10-15

19-9-*

15c

;___

1

25c

<quar.)_

McPhail

25c

*

12-3
11-10

50c

Corp._

W Fine Foods,

25c

Electric,

B

Ontario

£

11-15

12-1$

37 y2 c

(quar.)

7%.
preferred .(quar.)
Oswego Falls Corp., common
4>/2% preferred (qu^,r.)

"

12-23

30c

commonrc(quar.)

50c

McLcllan Stores Co.
•

&

10

10rl5

12-15

12-1

20c

Corp. (quar.)
Light & Power, (quar.)__________

5,

10-25

50c

50c

Ages

25c

50c

(quar.)

10-15

Lawrence

St.

10* 4

90o

(quar.)__l

11-15

725c *

1

Extra

10-15

50c

:

(George D.)

7%

7%. pfd.

1

710c

■

1

1

11-1

$1.3iy2

dividend,

$1.25

1

715c

common

11-

______

_____

Ltd.,

10-20
10-20

(increased)

Corp., Ltd.—
preferred (initial quar.)
2nd
preferred
(initial
qdar.)

(quar.)__

12-

75c

Co..

10-15-

10-30
11-1

1st

(quar.

Gas

United

Class

11-15

12-1

St.

common...

12-

725c

-

1

50c

;

quar.)

preferred (quar.):.
Saguenay Power Co., Ltd., 4>/4%

Pacific

_;

Corp.,

4'/2%

1

10^*25
11-

of

Extra

10-25

5c*

$1.50

iquar.)_

11-

725c

Rotary Electric Steel, stock dividend-—___
Russ Building Co., 6% preferred (accum.)

of

amount

—

Oklahoma

'11-5'

75c

1_^._

__-

11-12-

r

_!

Co.

common

50C

Common

10-29

6.

10-31

75c

—

Oil

of

4%

Shoe-'Co;, 'common (quar.)

preferred

Pacific

class A

1

15c

33/4% preferred (quar.)y
Riverside Cement Co., $5 pfd.

S &

$1.50

Cbrp;,

933ic

(quar. )_i

McColl-Frontenac

Inc.j

"

Illinois

85c12-

i—:

B

10-21

12-

15c

common

Robinson .Cotton, Mills,
Extra

t

Apexf.Wtocy

Co., Ltd.—

(quar.)j

Co., Ltd.,

11-

*

Class

10-21

Racing Association, Inc
Dry Goods- (quar.)

Stock

&

'

MoCabe

11-15

(irreg.)

933ic

"

12-1

In,

G.

Match*.Cocommon—

10-15'*

29cui

iquar.)

Rich's,

87%C

Ohio

10-15

SI.50

^___

Richmond, Insurance

10-21

$1.25

____:

Ohio

10-25

50c

i_

10-21

1

Finance Corp.—

1-3

11-15

5c;

(quar.)

Maytag
'

*

10%

(quar.)

1

11-

93%c

Extra

100%
•

(quar.)

11-

11- 1

:

Common".

*

Maul Macotta Gorp.^-j.
:■
May Department Stores, common
$3.75
preferred (quar.)
$3.75

12-

(irreg.»_

1

11-1

Rice-Stix

_i

11-1

.11-15

1-15-49

a2,/2%

Trust

Zinc

10-15

11-

52yac

(quar.)

(quar.)___

Revere

10-15

&'

Gas

Pacific

"l/80th share

Engineering Works

Nunn-Bush

10-15

20c

i

Hegeler

preferred,

10-20

1

97y2c

Quarterly1:

Marine* Communica-

Investors'

Matthiesen' &

Pacific

10-29
10-14'

1

t40c

Co

11*

(quar.)

10-20;

50c

(increased

11-1;

-Rose's

Northwe8t-j\irliae»i.*iiicJ1";4.6'% pfd.

11-15

SLOG1,-!!

-

Realization

Massachusetts
.

Petroleum

Revere Copper &. Brass,

each. 80-shares held.,

on

Ogilvie Flour Mills, .Ltd.,

(quar.)—__,_

■*

Republic

liquidating, dla
of.

Northern- Bailread- :Co.i of - New

8

•11-30

781.25

Products (stock dividend)(stock
dividend)—,

Co.

&

each

held

American

Northwest

Products

Field

for

Northern

;'10nl8y

25c:.

^

Republic: Natural Gas
•-

Corp,—

fractional shares of

preferred

Northern

1-2-49*

Sl.OG'A

(quar.t_

Ltd., ordinary, (interim).;

10-15
10-15

15c

:,

1.

11-15,
11-11
11-

(quar.)

$2

(quar.)

11-

.

$1.25

quar.)

50c

(quar.)_

80c prior preferred

r'

25c

tquar.ls.i__

B

Co.

One

E.

&

7%

75c

...

common

41/4convertible preferred

A

preferred

v'

10->22

25c

preferred

$1.75

E. cash will be paid: in-the

,10-15

v

of

G.

Formerly British Rubber Co. of Canada. Ltd.
*

preferred

6%

-

10-20

Republic Investors Fund—
6%

1

1

(initial).

5%
pfd. (quar.)__^
Engineering,. common..

&

convertible-

$1.25

$1.50" convertible: preferred

preferred iXquar.

(Canada),

Electric

$2.10

15c

series1 A

Bearings

Electric common

-.f

;

12-10 f

V. 10Cu

,

11-

1

10-22'

-:

50c

(quar.)

$1.50'

preferred;

433/<c

10-15

25c

■

—

participating preferred (irreg.)__
Participating1- (irreg.)
:zzl's
Macy 11B. H )
& Co.,
Inc.—
4 V4 %- preferred A
<quar.)__:
Madison

*;

lieu

<:/•

.■

pfd.

non-cum.

10-16

11-

*

preferred

1G-? 9*

10-25.:
'.

Subject to the approval of the SEC.

10-18 -e-

Vzc

_:

1

prefepnedu^truar.)

2nd

North

sv.oe-y*-

$1.50

•

1st

share

3-20:..

11-15

______

•

.

11-

Merchandise*-."€JO;b

(partial

*

h'ncMacco Corp. <quar.>____
MacFadden Publications

5

d_

tribution)

T'*> '10-15

$1.50*

—:i
(s-a)

11-

(irreg.)

com.r-

•>JStttcfe* dividend
y*:»j

Electric—

(quar.)

,

Consolidated

K

$1.18%/

5%

50c

.'Cd.it'lPa;):,

North "Aiuferican

\

10-22 i >

62V2C.

'

12-

$1.60

5y»%

ofKbenhficial interest

Normg-Hoffman.

2-34%

1

(quar.).________

$6 pid. (quar.)
(Phila.)
(s-a>„'

Reliance

4

.'•-.*6%.;,preferred (quar.

i

Co.

4

11-

v,

11-

75c\

__

11-

$t

62y3C!-' l-2-49>

prd.

2nd

11-24

Reitman's.

11-

7$1.50

Norfolk & Western. Rail Way/141 %*
pfd.

2-24

(quar.) :_.

.

5%

.5%

11-24

12-10

10-15

11-15
11-15

Canada, Ltd.—

___

-3;;;

12-10.

60cr 3-10-49;

___'
:•*>.•"

_

preferred, (quar.)

(s-a)

York.PoLWblr-i^TJighti-3.90% pfd. (quar.)
.Newberry
% % pfd. (quar.)
Niagara HudsonfJPower. -Corp.—

3

3-10-49r

s*

50c

:■

—

Coal &

11-

$1.10
^

ioeciak-Guaranteed
(quar).
Lock wood-Dutchcss/" Inc.

.Lorain

11-

1

II.IO-

capital

Special

1..-

12-

Co.—

Original* capital

vO'iglnal

12-

SI

10-15

25c

10-22.

10-29

10-29

50c

preferred

10-11

75c

10-22

1,

10-29

50c

Company, class B
A (quar.)
Regent Knitting Mills, Ltd.—
$2

1

50c

10*18-

-

70c

Reed, (C. A.)

3

53yac

New

SI

8

12-

47'/2C

preferred';,?(quar.)

New1 Yorkr

10-11

10-29

12*

10-29

Ybrfc* Air; Brake. Co.

10-15'"

.

12-15
1-2-49

Corp.,

10-31

:WaBSted>MiHs£'^'_:'-____

Process

7 %»:
New

11-1'? \ 10-15
35c

__i

New

10-23

1

___

.

9-30

1

50c

(quar.)__,

Reece

40o

(quar.)__

11-

1

10-31

11-25

*

25c

(s-a)l___—

of- Western

preferred

Neu^ Jersey.

11-10

4'/&.%•.• pfd.; '(quar.)___

Co.

12-* 0

11-

IK

5.

50c

12-15

,

11-

20c

(quar.)_

10-20

$1.50

Hosiery. Corp.... (irreg.)

Certificates

10-15»
10-15-:;

preferred

10-15.

1

11-30
.

715c

k
.

convertible

10-vl5;

IK

15c
725c

/

5*

12-10*

10-30

25c

$l.o0

—

IK

l-l-49(:

787'/2c

Extra-

4%

ViNew England. Fund-^*yH*t'(

lO-lS* '!

10-28'

Water

Neon Products
■

10-11*

(quar.)

10-20

715c

(quar.)

'

i.—_____

10-30-

(quar.)_

B

4T/4%* preferred

Co.,

(Oscar)

6.%

i

IK 5'

12-1:.

$1.25,,

10-30

$2.50,'

Co., 6%'preferred

Neisner Brother?,--4%%

,

10-15

1.' '

Printing Co.,' cammonk:__
$3.5(i; prefC'rred '(quan.>,ii_'2_J,"_——

,Link-Belt Co.

>

11-19'

11-

Ltd.L_^i'_"___

Material

.

9&y4c

.Lincoln
Line

Nebel

3.85 %• pfd. (quar.)
(increased)

Cement

National

»

11-1

50c'

Naugatuck

10-15

I-"

11-30

5:

(quay)

Raymond-Concrete Pile Co., common iquar.)
$3 • preferred
(quay)
___/_
Rayonier.i Ino. (increased quar.)
Reading Company, common, (quar.)_

(quar.)

A

Companyis-A^yii——^-

■

"preferred

$1.50'?

class

preferred

Natomas

-

12-10;

.,.$1.50

(quar.)

Corp.,

Bros'.,

10-11

25c

Tea

3.80%

10*15

50c

_L

Company____________

& Sons Co.,

Lehigh

1-.'

10-30

7S2

Ltd.:

$130
Lees .(James)

-

Common

11-15

12-1

50c

convertible

Holders

Payable ofRec.

25c

Quinte Milk Products, Ltd., partic. preferred
Railway & Light Securities Co. (Del.) —

IK L

2o<

—■

•Hosiery

National

11-.

3IV4C

—

___

v

10-15

)>*^:;;

National IMallisorr' Fabrics -(quar.)
National Tank
Co., (quar.)

10-25:

Co.—

(quar.)

&

R.)

vfi.%.

10-15

1

12-10'

v

50c

non-cumi. 2nd prefetnredc.^
non-cum. ■ ISt/preferred -t.i-'-

National Lead

10-19

11-10-

3%

1

11-

30c

_______

_:—

Etia* Corp; r

National

10-15"

10-217

;

,

,,114_9

..

10c-

Bryant,. Inc., 4y2%. pfd. (quay
Monotype. Machine Co. (quar.)__
(PI

12-18. .... _12-22

ir-

___

.;

10*20

When

Share

.

Purity Flour Mills, Ltd., preferred (quar.)__
Quaker Oats Co., 6% pfd. (quar.)_____
Quarterly-Distribution Shares, Inc. (quar.)_
Quebec Power Co., Ltd.
(quar.)

11-10

.11-

-

(quar.)

v

Purex Corp., Ltd

11-15

1

Company

Extra

5%:

10-30-

1,

11-

5c

Extra.

National

*'

'12-

•

of Company

Oil.

18c

Quarterly.

11-10

$1.20

la

Lanston

■y

1

15c

..

(quar.)
Machine Co.—

NatiottaKBteofccic; WeftHhg

11-19,

1

$1:75

___.—_—■——,

Lazarus

-

10-15

75c;.

NationaliBistiiless^roducts' Corp.

'

11-19.

12410m

5c

Machine

Extra

12-10

12-

$1.12 Va

A' (quar.)__

pfd.V iquar.;____'-_l__.-

conv.

Sc.

;

10-16>>

50c

.

.

(quar.)

Apparel,. Inc.

Plante-Ghoate

5%
Lake

10-18

1

75c

.

Electric

L'Aigion
La

preferred

preferred

11-

50c

:

—-——

Mfg.,

3-22>;* k N!aljOBalL<a()ntAiTi*»:.Gorp.':(quar;)

10-31 V-

50 c

—

(quan')?jii:-:^_i.^J-~_

Company, common; (irreg\ )
2nd

7%

.

20c

343/aC.

■}<

Z'L—-----

.

H-): &. Co.

Kroehler

37VaC, 4*1-49

—

Co.'(quar.)

_*

(S.

Extra .:.-k

'

(quar.j—...

Stores,. IncJr common, (quar.)
preferred (quar.)^——

;

$1,371,2

Kresge

,'

1

11-15

25c<

—

:

10-15

12-

621/2 C

~

$1.50

;

1

11-

25c

11-23

11-

5%

—

I

12-12

56y4c.

(quar.) )

10-30*.
10- 5-.:v? Nathan
Switchboard & Supply Co„" com.«...
15c
Strauss-DupHnpirt Mqu&r.)
preferred
quar.)
$1.25 •
10-30'^v 10^' National Alfalfa Dehydrating. ^ Milling Cou
<5
Kerr-Addison Gold Mines; Ltd.^1—1—<
10-29
r'9-30
ir' v;**9%>■" preferred
73c1',
(quar.)
12-30.
;. JtettoMait Aluminate Corp;,:.(qUaT.)
Keystone Pipe & Supply, 5% preferred (s-a)$2.50
$1 ;
10f30 r» 10-18:N,rJ :N4il4tmfrtVAJUtomotive Fibres,. Inc. (quar.)
i Kingan &. Company, 4% preferred, (quar.)
1 0c.
Kingsbury Cottorr Oil, common* *(quar.)__v
-Nottootafc^wktrry Co.___:-xi:_U_
Kirkland Lake Gold Mines, Ltd. »s-a>____:u
72c
11- 1
.9-30tv/; . Ntttioh»l<3vemical-&-.Mfg. (quar.)
Kirsch
12-22";
Extra,
—'__u—
Company, $1.50 preferred, (quar.).:.*
37V2C-1 1-2-49'

Kellcfeg

.

Per
Name
Pure

12c

nvmni>miut

Holders

Payable of Rec.

,.

EtecCBie;pfd.
.ire

When

Share

:

;
,

oreterred

Naaragransett

^

A

.

Telephone .Cia»^«(liawaii)—

4.80%

-

11-12

1

\

*

>

12W ly -11-123

$1:?

...

.r'

"

< ■.

10-30

775c

.12-

1

10-20

11-

1

;

v

50

(1734)

THE
Per

..

T

-.Name of Company

fitrawbridge
(Btruthers

&

Wells

$4

2nd

Sun

Oil

preferred

Sunshine

Talon, inc., 4%
Tennessee

Products

share for

Thermoid

1

10-11

75c

11-

1

11-

1

9-17

11-15

10-29

11-12

5%

U-15

10-

—

Cox-p.—

$2.50

11-15

Shell

9-27

000,000 Bonds Privately—The company,
Shell

11-

1

10-25

1-1-49

12-15

4-

1-49

3-15

50c

6-25-49

6-15

1

11-15

11-15

10-25

50c

12-

10-18

11-15

11-10

10c

12-

11-16

20c

11-

1

•.

The

insurance

$1.12V'2

11-15

10-30

ance

i-ii-li..—

92 %c

11-15

10-30

of

(quar.)—-.——
Union Oil Co. of California (quar.)———:—
United
Cigar-Whelan Stores Corp.—
$3.50 convertible preferred
(quar.)
United Corporations, Ltd., class A (quar.)—

87 Vac

11-15

10-30

Assurance

$4.50

preferred

(quar.)

$3.70

preferred

(quar.)

$3.50

preferred

Class

B

United

B

United

&

Fuel

6%

A

of

each

will

distributed

l/50th

be

of

prior

6.36%
6%
United

prior

Merchants

U.

S.

U.

S.

Fire

S.

Industrial

Air

10-12

Insurance

Stores,

United

Transit

$6

Upper
5 y4 %

Utica

Knitting

1

10-15

zuela.

12-

1

11-15

12-13

7%

11-

1

22 '/2c

1-3-49

70c

12-20

75c

J75c

Western

dollars

10-29

25c

11-

1

10-14

$i.3iy4

11-

1

10-22

1-2-49

17-21

7 VaC

—_^

$1,25
50c

(quar.)—

37 %C

A
A

Western

Tablet

8-1-49

7-15

1

10-15

bond

1

10-20

and

10-25

operation

10-25

should

11-15

10-31

11-22

H-

11-

10-15

12-20

12-

$1.50

11-15

10-19

—

$1.75

1

1

11-15

4

10-19

75c

11-

1

30c

11-

1

10-18'

11-

1

10-18

25c

11-

1

10-20

31V4C

U-

It

10-15

—

Co.—

11-

6%
■

,6%

5%
6 %

dollars

2-15-49

2-

1

11-15

11-

1

2-15-49

2-

1

1-3-49

20c

12-16

10-31

10-

12-

1

11-15

$1

11-

1

10-22

with ECA.

The

line

chain

The

walls

12-31

11-15

15c

11-15

10-22

$1.50

10-31

28c

11-15

10-20

20c

11-

1

10-15

11-

1

*

•

t$1.75

J;

50c

$5

cruals

30%

31—

Jamaica

to

earn

consultation

To

Market

Non-

the

complete
super
markets,
paint and depart¬
of

the

and

grocery

line

new

for floors

167,

will

the

reserve

and

soap

1112-

1




Selling,

follows::

as

Outstanding;

500,000 shs.

299,000 shs.-

Burnside

&

the

Co., Inc., New York, has
Sightmaster dated Sept,

with

agreement

underwriter

has

to

agreed

distribute

the

AND

stock

being

£*

offered.

REGISTRAR—National

appointed

OF

general

its

use

shares of common stock at

of

transfer

appointed

INCOME,

agent

MONTHS

10

Chase
, ; :

,

ENDED

Bank
of
National'

City

the

and

registrar.

.

JULY

1948

31,

$525,741

;

400,983-

and

bad

administrative

78,388

expenses

debts and adjustments

9,000

Operating profit
Interest

Net

$37,369'

factors

and

profit

Provision

charges

7,759

;

$314,377
155,839

$3,793,320
1,826,363

$3,345,554
1,515,748

29,260

305,212

304,714

16,488

15,773

197,295

194,950

31,288

26,102

327,540

1

11-10

11-30

11-15

25,100

24,900

309,813

taxes:

8,000

1948

$21,610

.___

Petroleum

Co.,,

a

subsidiary,

announced

concession,

Oct.

15

that

exploratory and
drilling
Ethiopia. These operations were
local

tive

disturbances.
British

Since

operations

and

time,

the

the

the

Oil

has

re¬

of

because
reached

ago

been

Government

to

area

Ogaden

agreement

Ethiopian

given

months

some

Ethiopia

Ethiopian

been

had

in

suspended

that

authorities

holding

instructions

for

effec¬

police protection, and in view of the energetic measures taken by
government it is believed that there will be no further interference

the

activities

the

already

the

on

operations.—V.

of

the

ground

168, p.

Sinclair

is

All of
immediate

for

equipment
of

the

company.

available

resumption

551.

Skelly Oil Co.—Declares $2.50 Cash Dividend—
directors

payable

Dee.

Oct.

on

17

18

declared

stockholders

to

cash

distribution

10%

payment in stock on Sept.

In

made

was

$1.25 per share

1947,

cash

a

of

dividend

record

June

on

Nov.

of

12,

28,

last, which

on

July

$2.50 per share,
A similar

1948.

followed by a

was

24,

paid

was

31

and

Dec,

17.—V.

168,

950.

p.

Socon.v-Vacuum Oil Co., Inc.—Leases Two Tanks—
Improved
14

Oct.

supplies

Island

Rhode

by

combined

of

home-heating

this

areas

this

winter

are

it

that

company

capacity

tanks

The

oil

for

assured

has

the

in

leased

and

Connecticut
announcement

an

two

tanks

new

01*

with

a

of

more- than 10-million gallons at Groton, Conn.
constructed
recently by ihe Ballard Oil Co. of

were

Weathersfield,

capacity
In

feet

Conn.,
from
whom
they
were
leased.
One
has a
6,300,000 gallons and the other 4,063,000 gallons.
according to Socony-Vacuum. dock facilities at the
distribution center are
being dredged to a new depth of 3&
of

addition,

Groton

the

to
accommodate
Socony-Vacuum
tankers which
will
transport
home-heating oil from refineries in Texas.—V. 168, p. 950.

Southern Colorado Power
Period End.

Operating
Operation

Aug. 31—

Co.—Earnings-

1948—8 Mos.—1947

1948—12 Mos.—1947

$2,677,175

$2,398,103

$3,981,540

1,209.706

1,003,232

1,756,122

237,225

333,858

249,042

217,415
209,598

357,941

311,01o

299,085

248,862

454,429

383,897

205,200

215,800

321,800

335,600

taxes—

17,300

18,000

27,600

27,100

income
(interest)

$459,617

$485,196

$729,792

$743,471

$485,196

$729,792.

$745,283
185,225

revenues
____________

______

(other

Taxes

than

income

inc.)

taxes

income

Net

operating

Other

•

income

income

Gross

Net

$3,580,530
1,458,656 '

320,786

1,812

______

$459,617

_______

deductions

104,055

121,682

157,145

$355,562

income

"Before

$363,514

$572,647

reduction

attributable

to

loss

on

$566,058

abandonment

of

conversion

the

of

transportation department from

street)

street

operation to bus operation was completed in December, 1947. This
involved the abandonment of the street railway property and

change

resulted

in

liability.
time

estimated

$827,096

$738,812

DrllO

5,956

4,598

an

reduction

of

reduction

income

in

surplus.-

taxes

in

$110,000

The net book value of the street
abandonment was charged to earned

of

earned

to

1947

attributable

thereto,

1

.

income

tax

railway property at the
surplus and the $110,000

credited-

was

'

Weekly Output Increased—

292,566

$62,503

Electric

Other

income

Gross

(net)—.

income—

$77,347

$62,393

$833,053

$743,410

(net).

19,884

9,802

158,984

108,095

income__.____.i_

$57,463

$52,591

$674,069

totaled

output

3,260,000

of this
kwh„

company
as

for

compared

the

week

with

ended

2,476,000

Oct.

16,

kwh.

210,000

deducts,

dividend

requirements

1948,

for

Balance applicable

Earnings

per

168,

to

stock—

common

$464,069

$425,325

$2.05

$1.88

share, 226,584 shares

common

1259.

p.

Sightmaster Corp., New Rochelle, N. Y.—Stock Offered

12-15

11-30

3-15-49

2-28

—Willis E. Burnside &
Co., Inc., New York, offered pub¬

6-31

licly Oct. 18, as
stock (par 250)

10-30

10-25

10-30

10-20

1-31-49

1-20

and

4-30-49

4-20

speculation, 99,000 shares of
$3 per share.

a

at

7-30-49
11-

1

7-20

10-15

11-

1

10-15

11-

1

10-15

dividend.

non-residents' tax.
at the source
Non¬

to

promote

the

sale

tha

young

businessmen

devote

their

N.

Y.

major

with

expand
by

2,

Transvision,

incorporated

believed

in

the

manufacturing
aggressive

an

and

385

North

offices

Sept.

29,

1947.

time

it

have

been

New

A

at

development in

to

and

group

N.

220

Y.,

Fifth

Inc.,

of

television

represents

(patent pending) is
this company's
first

New

Rochelle,

N.

Y.,

to

into

buy

an

agreement

parts,

168,

p.

to

operate

the Belt Line

under

1590.

.

with

accessories,

Earnings—

—Week End. Oct. 14—

1948

\

earnings

1947

$6,202,750

______

—Jan. 1 to Oct. 14—

1948

$5,906,464 $256,285,951

1947

$227,293,066

Equipment Trust Certificates Authorized—
on Oct. 5 authorized the company to assume obligation
andl
in respect of not exceeding $8,700,000 equipment trust cer¬
series OO, to be issued by the Bankers Trust Co., as trustee,
sold
at
99.405
and
accrued dividends,
in connection with the

The

ICC

liability

tificates,

procurement of certain new equipment.The Bankers Trust

paying

entered

permitted Southern Pacific Co.

*

of

television.

1947; Sightmaster Corp.

stock

Period—

and
new

through

facilities

advertising

Rochelle,

opened

Commerce

by this company of the Union

$85,000

lease.—V.

of television, began, to
quality television sets. Plant

Avenue,

Interstate

control

for

future

production of
at

are

SIGHTMASTER

contribution
Oct.

to

products

cor-r

Commission has approved the acquisition;
Belt Ry. at Oakland, Calif.,
ownership.
Ten years ago, the Commission refused to permit Southern Pacific
Co and Western Pacific RR. Co., to buy the short line that borders on
Oakland's inner harbor and serves 16 industries, for $150,000. At that
of

Southern Ry.-^Estimated Gross

City.

SightMIRROR—a
exclusive

was

the

to

offices

showroom

new

Avenue,

who

afforts

executive
a

used

its

1948,

Southern Pacific Co.—Acquires Oakland Road—

Gross

COMPANY—Company

and

be

of

9,

common

campaign.

PURPOSE—Proceeds will

Oct.

totaled 3,236,000 kwh., as compared with 2,581,000 kwh. for the
responding week last year, an increase of 25.4%.—V. 168, p. 1590,

The

11-20

6-15-49

corresponding week last year, an increase of 31.7%.
Electric output of this company for the week ended

$635,325

210,000

Income

10-20

(37y2c

Canadian

Federal income

Sinclair Oil Corp.—To Resume Operations in
Sinclair

estimated

'

1

37y2C

deductible

for

298,764

ac-

$75,879
1,468

37V2C

_________

$29,610

—

Surplus July 31,
—V. 168, p. 1404.

car

1948—12 Mos.—1947

taxes—

On

tax.

E,

which

York, has been

NOTE—The

161,533

$338,459

_

10-14

(3iy4c

Income

posi¬

The

now

railway property—See note.

1

(37y2C

tax.

is

goods sold—

of

Income

2035.

p.

1948—Month—1947

amort.—

income

37V2C

this

of

by

Utility oper. income...

37'/2C

._

——__

(quar.)

for

outstanding.

City of New York has been appointed

from sales

polish for
for cleaning

12-

25c

_______

closed

New

to

b6en

STATEMENT

cream

a

oil

an

trades."
market

drug

reach

polish,

and

the company
develop further

to

program

11-

10c

—

_

and.

its capital stock

a

25c

(quar.)

issued

•

AGENT

has

Maintenance

25c

(quar.)

200,000

$3 per share.
The underwriter has made 110'
to take any of the shares and is bound only to use

Cost

private

of

28,170

taxes

—V.

tPa.vable in U. 8. Funds, less 15%
tPayable in Canadian funds, tax
resident tax 15%; resident tax 7%.
x Less

kind

company

hardware,
line, according to

new

in

wax

-

Preferred

—i

the

—

General

Net

(quar.)

Minor,.

Wakefield

10-15

__

common

Ltd.,
common
preferred
(quar.)
preferred
(quar.)

Income

the

the

10-15

$1.25

(quar.)—

Corp

not

of

enable

concentrated

11-15

12-31

Corp,—

(quar.)

books

the United States

Sierra Pacific Power Co.—EarningsPeriod End. Aug.

Federal

50c

$2.50

(s-a)

preferred

Bank,

co¬

9

Retirement

common

preferred

economic

marketing
products
through

woodwork.—V.

and

10-20

10c

British

a

self-polishing

a

10-22

common

are

Bernard

(no par)the certificate of incorporation was;
to
500,000 shares
(25c par)
shares (exchanged for the original!

presently

are

price

efforts

York

"Fed.

products in the

1

preferred

example

would

products will include glass

1

convertible

Less

11

new

furniture,

and

•

of

The

11-

Co., common

which

terms

offering

best

.

grocery,

non-paint products

first

1.

Nov.

of

of

11-

convertible

recovery.

announced

drug,

Introduction

beginning

$1.25

preferred

fine

a

and

household

retail

and

stores.

sale

13

of. non-paint

stores

11.75

convertible

for European recovery, the
blessing of both the British

Anglo-American

Co., Cleveland

Oct.

on

(s-a)

;r;-

10c

•Transfer

company

Chocolate, $5 pfd. (auar,)—

(quar.)

F.

execu¬

serving,

now

director;

par¬

Paint Household Products—

10-20

(accum.)

The

European

was

Sherwin-Williams

1

Co.

1948,

Depreciation

$1

25c

_

_

__

sets

capitalization

underwriting

an

the

TRANSFER

■,11

quickly.
It was launched, he said, without
V- ■ .Yv>.v

more

Maintenance

Service,

implications

by ECA

Operation

Co.,

♦

have had the

Operating revenues—_—

convertible

Zellers,

issue

financing encouraged

the

$1.12 y2

Common

6%

are

bond

furniture,

Common

6%

the

10-20

Wysong & Niles

countries

to

managing director of Royal Dutch-Shell, said
doing- what ECA has in mind in urging people to

10-20

Aeronautical

Cab

"We

said

of

$1.25'

(initial)

20,

the

par)

commitment

New

themselves."

"signals

$1.25

Wrigley (Wm.), Jr. Co.—
Monthly
Monthly

Yellcw

its
to

for furthering

1

W.)

'

-

available

be

Leigh-Jones,

the

$1.25

pfd.

its

ex¬

was

.

should

Governments.

1

preferred

,

,

than

sooner

agreement envisaged that British assets in

1

Wood, Alexander & James, Ltd.—

Wright

of

understood

11-

Public

available

of the increased Shell production probably will
United' States,
where
it
will
earn
dollars,
and
will increasingly draw oil supplies from the Middle

11-

preferred

the British Treasury.
to expedite its expansion

bulk

States

London:
He

ment

11-15

Cement

(F.

in

new

Co.

Wisconsin Electric Power, 6%
Wisconsin Power & Light

into

"State

—

preferred

firm

Recovery

10-15

(quar.)
(quar.)

Winters & Crampton

European

to

enable Shell

production

April 3 and Sept. 20.

because

is

be used

George
help

___■

Winnipeg Electric Co.,

1st

issue

11-10

17%c

Mfg.
preferred

public

whom, $129,600,000 worth of petroleum products
through the Economic Cooperation Adminis¬

to

11-

non-cum.

the

to

without recourse

.

50C

non-cum.

7%

the

United

11-10

12«/2C

(quar.)

television

principal

is

and

director;

best efforts to sell for Sightmaster,
99,000

available

last

Europe

l'20c

17y2c

Sewing Machine, common
prior preferred (quar.)—
convertible preferred
(quar.)

Woolworth

made

Presumably

11-

&

Wilbur-Suchard

the United

in

oil-thirsty

to

go

11-

Foundry

White

5%

11-

$1.12'/2

(quar.)——

preferred

Sept.

of

(no

1948 by

between

contribute

production

new

between

37V2C

.

Wisconsin

this

been

62 %c

Wheeling & Lake Erie Ry. Co.—
4% prior lien (quar.)

Whitehall

increased

ticipating in,ERP,

37'/2c

preferred

5%

tration

$1.06 V*

Weston'(Geo.), Ltd., 4%%

and

and

whom

of

President

Treasurer

UNDERWRITING—Willis
20,

East.

Stationery Corp.—
(quar.)
Westminister Paper Co. (quar.)„_

-

had

10-15

4-15

75c

7%

10-15

12-1

1

5-2-49

75c

$2

2

11-

Western

(quar.)

preferred

the

of

1-14

(quar.)

preferred

is

give the group dollars to finance expansion

/

Part

2-1-49

Common

$4

11-

thereby

presumably will

money

make

10-15

Common

5%

On

increase

stock,

entered

The

new

and

12-10

Light & Telephone Co.—

.'6%

and

tjhe Western Hemisphere

37 %C

(quar.)

enabled

has

of

registrar.

of

the Shell group

operation by

The Shell bond issue will
in

37J/2C

Securities

RR.

Britain

for

1

,

(quar.)

directors

each

Kaplan,

The Chase National Bank of the

Program.

10-15

(accum.)

preferred

financing

pected.

Co

A

Wilkinson

H.

and

part of a world-wide development scheme for a vast increase
in output of petroleum from British-controlled sources which is designed
to
relieve
Western
Europe's
need for
oil
from
dollar
areas,
earn

10-15

(quar.)

Insurance

board

is

1

(quar.)_;

Western Pacific

'

10-20

1

10c

class

of the
V -.•/

dispatch from London Oct. 18 had the follow¬

enormous

11-

(quar.)—

(quar.)

L.

of the corporation in respect to

with

The
States

11-15

$1.50

82%c

preferred

corporation,

Capital stock (par 25c)

as

ing:

12-17

11-30*

11-1
11-

A press

62 >/2c

__

Extra

$2.50

is Chairman

President.

10-18

10-15*

Leigh-Jones

However,

6%

the

of

sume

George

The

Westcliesteif Fire Insurance Co.
Western

up

10-15

1

1

(quar.)

Electric,

put

'

Steel

preferred

5%

1

11-

(quar.)

Point) Mfg.

5%

12-

11-

preferred

Penn

Union

Shell

11-

50c

preferred (quar.)
Ltd., Class A (quar.)———:—

West

of

11-15

50 c

$4.50

Co.

shales

1

$1.75

$4.25

Gas

in the Western Hemisphere, including the group's producing

group

•

Inc.,

worth

Authorized

Dutch

12-

Waterous,

Ohio

Royal

the

of

as

Union

10-15

__

6 %
preferred (quar.)
Warren Brothers Co.. class B (quar.)—
Washington Gas Light, common (quar.)

West

assets

Shell

of

25c

(quar.)

Co.

the

of

part

shares

11-15

preferred (quar.)_

preferred

pfd.

8.800,000

1

(quar.)

Mfg.

by

1

_—

____

Sugar

6%

prior

secured

considerable

to

Provision for

12-

(quar.)_

Inc

(quar.)

Michigan

develop¬

11-

Company—

preferred

7%

oil

for

53c

9-28

Co.—

6%

Wentworth

used

50c

prior preferred (quar.)
Utility Appliance Corp. (quar.)

preferred

be

will

a

be

.

5%

6%

and

only funded debt of Shell

will

bonds

Hemisphere.

50c

common

Vapor Heating Corp., 5%

issue

the

of

the

stock.

shares

Life

53c

(quar.)

Vertientes-Camaguey
Virginian Railway—

proceeds

of

Michael

Income

the

will constitute

$525,000

well

as

,

North

and

tubes,

,

Transvision,

than

names

Vice-President,

common

200
tion

Insur¬

10-15

:___

preferred (quar.)
5% pfd, (quar.)

preferred

Life

Mutual

1

58V3C

Co.,

Tobacco,
Peninsular Power

Mutual

Provident

11-

be

.___

pfd. (quar.)
(quar.)

Leaf

and

58%c

will

Lines Co.,
V/2V0
preferred (s-a)
Pipe & Foundry Co. (quar.)
Corp. 6% pfd. (quar.)
United Steel Corp., Ltd.
6% class A preferred (quar.)
United

Corp.

Shell

York

collateral represent virtually
(he entire holdings of the Royal Dutch-Shell in that company.
At
the closing price of $39.25 a share Oct. 18, the Shell Union stock had
a
value, of $345,400,000.
The
company's
operations are confined:
almost entirely to the United States.
/:
The company was recently incorporated in New Jersey to take over
certain assets of the Royal Dutch-Shell group in the Western Hemi¬
sphere. \
'•
■; ;f •''
^/
Shell Caribbean is the successor company to the Caribbean Petroleum
Co., for many years the group's leading operating company in Vene¬

$7

Co.

Chemicals,

12-10

Vic for each
Light & Trac¬

Manufacturers

&

Conditioning,

Universal

1-3-49

The

the Western

bond

The

Radiator

West

1

The

England

New

Co.,

,

.

with

more

RCA

cathode ray

„

agreement
deliver

Dumont,

,-

properties in Venezuela.

S.

S.

'

11-

75c

S.

West

ment

37

pfd.
(monthly)
pfd. (monthly)

U.

v

10-12

issued

be

to

Caribbean.

1

(One

prior pfd. (monthly)
prior pfd.
(monthly)

6%

,

10-30

11-

com¬

(monthly)——
(monthly)

preferred

prior

bonds

in

Insurance

Carnegie Corp. of New
of Philadelphia.

of

televi¬

complete
•:

-

■

CAPITALIZATION—Corporation orginally issued 200 shares

Insurance Co.,

Co.

11-30

10-21

7%

6.36%

The

of

Life

Travelers

Co.,

15c

Fractional

cash

but

of

American

prior preferred

U.

10-15

Oil

common

held).

rate

7%

U.

11-15

held

tion

U.

(37c

The

ance

are Metropolitan Life Insur¬
The Prudential Insurance Co.'
Mutual Life Insurance Co. of New York, Sun Life
Canada, The Northwestern Mutual Life Insurance

The

Co.

Insurance

(quar.)_——

issued

the

share

10-15

(25c

Light & Traction

shares

50

not
at

Co.,

1

Ltd.—

Railways

&

American

for

mon

shares

10-11

11-

—

preferred

Light

share

11-10

87V2C

(quar.)_—_—

A

Investments,

class

United

class

(quar.)

America,

participating

companies

New York

62»/2C

—

Tool,

Co.,

10c

(quar.)

Drill

Class

_____________

•

to

'

with

Vice-President and director; Irving J. Bland, Secretary and director;.
Joseph B. Katz, Assistant Treasurer; Herbert Suesholtz, director.

..

Electric Co. of Missouri—

Union

company,

1

25c
_

Royal Dutch-

a

announced Oct. 19 that it has
signed contracts for the sale at par to a group of Amerisan
and Canadian insurance companies of an issue of
group

$250,000,000 of its bonds bearing interest at 4% and
maturing in 1968, effective upon the completion of neces¬
sary legal formalities.
The loan was arranged through
Morgan Stanley & Co.
This is among one of the largest
loans ever negotiated in the history of corporate financing.
J/
'•

(Dallas)

Works, commonconvertible preferred

Kaplan,

stock

(N. J.)—Places $250,-

10-11
10-11

—

Lamp

officers

common

1

$1.06V4

(quar.)

pfd.

$0.45

five-for-one

167, p. 2794,

Petroleum Co.

Caribbean

1

50c

(quar.)

(780,605

$ls00

reflect

to

62 VaC

(quar.)

pfd.

conv.

Trinity Universal Insurance
Quarterly
80c

split in January, 1947.—V.

t799,220

$1.23

tAdjusted

charges.

11-

Mills

4>/4%

805,835
$1.45

and

11-

50c

Edison

taxes

$352,727

•

-•

supply

the

assemble

to

■

contracts

the first 10 months of their operation.

follows:

as

$1.75

Common

Tung-Sol

1

shares—

share—

per

tive

1945

1946

$798,964

$1.50

(quar.)

;

Company

capital

"After

-

other

MANAGEMENT—The

$995,416
811,775

which

'

■

'

has

Phillips Co. for the

amended

Common

Toledo

of

:

accessory parts.,
This
operating

1947

1948

$1,167,979

with

tubes,

ray

■'

SIGHTMASTER

Sheaffer Pen Co.—EarningsAug. 31--

income—

No.

•

held

Common

Trane

"Net

Earned

(quar.)

Cotton

(W. A.)

10-20

20c

sets.

American

14)

page

cathode

SIGHTMASTER

during

10-18

$1.25

Co,

dividend)—

40

(Continued from

6 Mos. End.

Light, $6 pfd.

Company

Thomaston

11-

Monday, October 25, 1948

sion

Corporation and

Investment News

10-18

——

each

&

1

—

Chemical

&

(stock

preferred

11-

___

dividend

Power

7%

5

11-5

$1.12%

preferred (s-a)

Company

One

11-

11-15

33 Va %

Inc^.

Transmission

Gas

Tennessee

Texas

11-15

$1

dividend

Stock

Stock

5

20c

Bridge Co.
(quar.)

CHRONICLE

and

General

10-20

Co.—

(quar.)

pfd.

Biscuits,

preferred

Texas

11-

(quar.)

Co., 4Va %

Tacony-Palmyra
5 %

11-15

___

Securities

FINANCIAL

&

Holders

40c

(quar.)

Electric

1

11-

—

Corp;, common (quar.)__—

preferred

Suburban

When

Payable of Rec,

25c

3iy4c

common

Extra

$1.25

Share

'

/

...

Clothier,

COMMERCIAL

agent

P.

1625,'

Co.,

New

,

"OO"
.

'

,

(see
.

York, N. Y., has been appointed trustee,
2V4% serial equipment trust
offering in V. 168, p. 1404).—V. 168,

for $8,700,000

and registrar

certificates/ series

.

-Volume

168

Number 4745

Southern States Iron
Roofing

THE

W;/'

Co.—Earnings

abroad and

;

:

COMMERCIAL & FINANCIAL
in

this,

country, the assistance
to help in the
handling of
■•/..■"./. .' /■

•

•

QuartersJ!nded^i.n'«'.,v"-s- sfcV/v %>./ Sept, 30,'48
earnings
after$207,000

June 30/48

Net

t

■Sales
Net
'

sales

the

V

for

the

nine

the

for

months

third

•

second- quarter

Mar, 31,'48 /%

$79,000

V

$164,000

The

Sept, :,30,/1948 were $11,474,283.
were
$800,000 greater than sales for

while expenses

for

the

Same

period were
■ /•'• '•/
•■/"/"5'v

less.-

tiff-t'fr
\'v
The.report as'of Sept. 30 indicates

a
ratio of
rent liabilities of 2.5 to 1
against ratios of 1.3 to
1940,,, Wording ^capital has (
increased : from ;
)ast year to. $2,256,622 this year. »
••4". The bop^ value
/of cpmrnoiv stoclc has ' risen

current

1

i ill

in

at

to

addition

1

The

.on Sept. "30
;*„/■,■ •...

?

from

;/irt;Sppt;,-l9^, ;ahd $5^5 iir4947 to ;86i25 perishare
v*- 'Long established as a mail order,, house, this

$2.67/ per

,

Share

in Sept., 1948.

/

■ •

company, in. February.

Of this/j ear complfetely,•abandoned Its mail
order operation,-the
largest
..such in .the South, and
rwent pver entirely to a
fabiicator-jobber of

several

original

metal

roofing
February all

♦has

andua

sales

broad .line :of

building

material

have'been/.wholesale* only,

over:4,000 active

dealers

throughout

f,:,. According,

the

products.

and -the
South.

expected-to be $15,000,000

V.

f

168, p. 51.

.

•,

as

//// "■

52 WePks Ended—
,

[Net
"Net

pipfit.

_■_

Shares

Earxtings" ..per

r

Vf'*;

C.

;$5.69, /'

„

'

Sta^KleejnBakery, Inc., Lynehburg, Va.—Files
'

Oct.

V,

13

of

:,

With

was
filed with the SEC for
be offered at $10 per 'share,' lUnder-

to

'Standard Cable-Corp;, Westerly, "k. I.—Sto'ck
Offered—
Sterling, Grace & Co., New- York, bn Sepit. 24 offered
94,000 shares of 'capital stock (par '25tf) at
$1 per share:

-

••

•

The

-

space

1

net

in/

-

proceed*?. are' to .be used:
Pa wcatuck* VCfcrih.(2)

(3) To expand sales; (4)
—V. ,168, p. 1259.
'

•( IV to effect
-To purchase

To provide working

•of

moving, to l®r8®f plant
additional

capital with

machinery;
balance.

to

$

.of

outstanding, stock,.-payable

record

the

Nov.

extra

10,

dividend

1948.

4

Doc.

on

The*directors

10, '1948, to stockholders
that -time indicated that

at

compaiiy /advi^d/dri'-ibct,' 15 that' banks

-its

capital stock of record'/Oct. 22,
1948,
should notify/the Guaranty' Trust Co; of

,

New

York

15,

sheet

for

foreign

to

of 500,000 shares, the
of the
percentage of

excess

tions

basis

or/ brokers

.for

account

the

York,

New.

140

1948.

Nov.

3

p.m.

N. Y., the designated
(EST) Oct. 29/1048. ;

Stockholders

Oct.

on

of

or

a

part

the

of

with

possible

a

in

the

The

Texas

public

agent

Gulf

the

company.

Securities

surplus

funds

in

the

unsold

balance

Qulf

contract
and'released

Swensrud,
as

and

by

1,200.000 shares issued
Corp/as a part of the

property

said

President

rights

subsidiary

of

Gulf

Oil

which

to

said:

"This

stock

few

petroleum

K/^'i£';"P?rt*on
Gull. Oil
the

it

order

to

has, been

meet

in

its

should

reached

oil

be

the

decided

iuvestiHent,,can

stock

net

iias

in

years

products,

business

expanding

that

the

be- used

and

by sale into cash.
decision
as
to
what

definite

Oil

receive

full

shares

-See

also

of

V.

-PIO,

XUILI

,

capital

two

stock

Viuoy,

be

may

UX

MUJinv'W

split

w»i

into

up

..i,

*w,

;

will

*

scrip ccertificates.—

COMPARATIVE INCOME

168/ pp; 1625 and 551..

or

-...

Standard-Thomson Corp.—Earnings—

/

EARNINGS FOR THE THREE

^

■

MONTHS ENDED AUG. 31,

-

^

1948

profit affar. taxcsr-_:r:_-;'__
/♦Commoii. .share.*/ Q'utstandihg__:':

»'Earnings

share_l

per comxxxoh

—-

499,687
$0.20 i

$0.2

/

The-

company's Clifford Manufacturing Division on Oct. 20' annotxhce<
uct. xu announced
that it had .approximately .$1,500,000 in unfilled:
orders; on: heat ,ex-.,
; changers
for jet. powered aircraft and latest type .oil.,coolers on
'

.

-

standard

..

militai*y and passenger aircraft,—V.

168,-

1404.

p.

V/ i.,

Depreciation

Selling,

ber

•Prbv< 'for

has

...

Balance—

■

Miscell.

Sterling Engine Cd.,^ Buffalo, N. Y.—Shows Profit—

Total

yhe coxiipa.ny har,'made .a ,net .profit; of $175,670 since it .-went (into
;receivership last-' February?...Federal Judge. .John -Knight of (Buffalo;
/ N.
Yi, was' informed. oxx Oct. 13 by the receiver,
Manly Fleischman,
who

(

also

told

the

.$103,102 borrowed

.

that

court

the

has

company

repaid

receivers' certificates.-—=V. 167,

on

$64,162

•

of

Earnings

Affiliate)

MosJEnd. Sept, 30—
,.1948
.1947
."Profit from ppcratio'ns// $2.233,803' $1,405,299
/ Inc. froifl other sources
518,632
-443,572
..

,

1946.

,

,

$1,753,139

505,201

1945
$2,002,113
359,305
.

Deprec..

$1,848,871

$2,258,340

-

$2,361,418

132,919
798,000

218,387

etc.

141,403

-

i—-

142,433

992,000

.

'

■

.

properties,
Federal taxes

,

Net

—V.

income

168,

:!_/_////

.648,000...

l405i

p.

:

:;.t

—322,187

$1,058,437

$1,327,421

$829,844/

•'

,

/All:

of; the

761,024

.

called

The

the

;

directors

initial

have

stock;

common

'

distribution

declared

payable

was

followed i by

—'V.

159.

*

p.

■

a

similar'

115.

a

Dec.

made

was

'

on

dividend
1

Of

15

holders

to

this

issue

and

sidiary

supplies,

6,350,000

$5.64

*8,300,000

distribution

-

on

per share
record Nov. 5.

March

June

;

.

at

antl.- auxiliary

cost

investments in and
companies.
$1,318,473; lands

(after

Gulf

Oil

$9,993/023
$2.60

,to

overhaul

T"orce

announced

was

011

the

Oct.

14.

by

last,

1;

,

Robert

company, with approval of the Air
Division at Wright Field. Ohio.

The

new;

overhaul
calls
-

-rpany,

for

advances, to

reserve

in

for

of

1934 and

machinery and equipment
$9,171,819), $4,154,210; deferred

(after

reserve

charges,

for

planning, indicates

1

and

Material

that

United

on

Sept.

the

of

program

reconditioning

.'.'theaters of operation.

high

resulted
to

average
in

will

and

to

certain




high

1948,
of

depreciation

168,

has been

reserves

p.

so

production

of

this corporation

of

com¬

warrants

has

the

of

General

on.Oct.

been

has

1, 1948, the num¬
Corp. purchasable
been increased and

Adjusted,

corporation

the price of $22.50
shares of
said common

common

exercise

As

result

a

1

of

stock

such

at

$22.50

of

that

so

specified

for

each

said

in

share

per

war-

there

is

now

stock

a

warrant

27/100 shares of
168, pp.

1627

share,

per

the

holder

common

and

the

fact

the
in

warrant

that

above

for

one

it being understood

thereof

will

be

the

on

that

entitled

to

stopk at the price of $17.76: per

1488.

Southern Pacific Co. above.—V.

will

bids

145,

1276.

p.

'

be

a

guaranteed

submitted, all for 3V«s,

The

First

Boston

Thor Corp.,

Other

of

Procure¬

participation

against

the

past

"Berlin

Air

from

commitments

to

these

several

years has
almost equal

facilities

1626.

Chicago—-Has Record Quarterly Sales—
"

194a

1947

$10,011,126

income

Total
Cost

income

of

$8,345,192
15,882

$10,039,028
7.702,865
1,044,762

and

general

expenses

(estimated)-—

Net

$8,361,074
6,521,272

738,518

484,869

424^538

$796,532

$676,746

profit

Earnings

per

The

bid

98.0009

for the

bonds

as

J%s.—
•'•fW

has

on

accepted

outstanding
stock

tenders

$50

in

Oct. .19.

of

5,813

shares, or a little over
preferred stock from holders

value

par

response

Buys 9% of Its Pre-

its- recent

to

invitation

was

an¬
'

under

$43

per

share

and

the

stock

is

being
require¬

fund

ments.

The

it

♦

,

corporation

accepted all tenders made at prices
share.
Average price of accepted tenders was $42
per
5,813 Shares involve an
aggregate cost of $244,153. This
acquired by the corporation in
anticipation of sinking

'

t

tender

preferred

operation will leave
stock.—V. 168, p., 1299.

outstanding

57,331

shares

of

•

the

$1,53

Purchase of 88,723
Shares Approved—
The

stockholders

of 88,723
former

common

on

Oct.

shares

13

from

Chairman, for $1,497,201,

The shares

outstanding.
interest
The
V.

rate

rest

168,

p.

of

United States Steel
Corp.—Opens New Mill—
It

Is

cold
of

constitute
The
not

the

1627.

to

exceed

purchase

or

plans
3-Ki%
price

.

the

than

more

company

approved

v

the

estate
at

the

20%

of

of

the

to

borrow

in

order

will

be

purchase for
the late E.

rate

of

taken

effect

from

a

at

the

the

the

and

Co.,

a

official

tin

plate

opening

mill

at

Oct.

on

the

21

of

the

new

Pittsburg, Calif., plant

subsidiary, marks the addition

of

more

than

300,000 net tons annually to the
supply of quality steel products made
by West Coast steel plants for western
industry.
Inauguration of this mill, the newest and most
up-to-date of its
k}nd in the country, is an important milestone in the
program
of
additions
and
improvements launched by United States Steel after
V-J Day, which
involves an expenditure program of more than
$130,000,000 in the West and in excess of
$850,000,000 by United States
Steel throughout the whole
country.
The
Geneva, Utah, plant purchased by United States Steel from
government

present
the

and

West

Geneva

on

future

Coast.

plant

June

to

19,

growth

Upon

receive hot rolled

1946,

of

peacetime

will

play an

Columbia

completion

of

output,

Steel

the

the

important part in the

Company's

current

facilities

conversion

Pittsburg,

Calif.,

of

on

the

plant

will

coils of semi-finished steel

from Utah for processing
plate. The Geneva plant was built by
government, without fee or charge, to
produce ship plates and structural
shapes during the war. It makes
steel from Utah
ores, coal and limestone.—V.
168, p. 1299.
cold

United

rolled

States

sheets

Steel

and

for

tin

the

.

an

United States Sugar

Hurley,
share.

common

$1,000,000
to

that

sheet

retirement
N.

$16.87%

440,958

announced

reduction

Columbia Steel

into

share

$i.8l

all

both

the

tendered

nounced

the

_/v

sales--

belling, administrative
Taxes oil income

in

•

the

amounted

27,902

being used by Mili¬
longer period
in

Insurance Co.

1488.

p.

of

who

total,

conservatively estimated that

of

Three Months Ended
Sept. 30—
sales
^

much

involve-planes

priority

which

rate

their cost.—V.

,

aircraft

$22,000,000

-

of

168,

9%

(current), $853,280; provision for
liabilities not current, $27,500; reserve for

Net

Normally maintenance and overhaul work .of the Air Force is done
by
Force personnel at its, own depots. Due to
thje present day overload
USAF

shares

stock

into

purchasable at

Corporation

,

1.

Air
on

totaling $191,registering with the

and

■

States. Air

President

Command's

TEMCO's

'

and

stocks

for

Tri-Continentai

United States Radiator
Corp.
ferred Shares—

payable

TEMCO's* cbtttract

McCulloch,

the task of
reconditioning transport aircraft now
tary Air Transport Service will continue for a
Hhan contemplated originally. : ' '•'/■"
' *• ^
/ r- The speed-up
is required to assi'st the nation

Xift"

and

call

obligation of Penn. RR.
/;%:/>
were:
Halsey,.Stuart & Co. Inc.,t
Corp., 99.779; Lehman Brothers, 99.6599;'
Clark, Dodge & Co., 100.4;
Kuhn, Loeb & Co.. 100.19; Kidder, Peabody
&
Co., 98.149; Harriman
Ripley & Co.. Inc., and Union Securities
Corp. (jointly), 99.32.

depre¬

$651,553;

taxes, $10,719,827;
contingencies, $3,539,244; capital stock
(outstanding 3,840,000 shares
or par
value), $26,175,000; earned
surplus, $42,137,043;
total, $83,501,895..
' *
'
'
NOTE—The useful life of the
company's buildings, machinery and
3o*'nS Dome, the aggregate cost of

stepped-up

present

company intends
York
Metropolitan

to

Other

sub¬

without nominal

A11

schedule, involving 1.000-hour inspection and
plus accomplishment of necessary, Air Force
modifications,
delivery of 25 of the huge planes each month by this com-

and

this

New

stock

effective

of

purchase

such

common

and

became
stock

stock

price of

Penn Mutual Life

which

ment
•

bonds

plans

.

V.

and
development
by, and rights and properties
acquired
interests in sulphur processes
amortization of $19,268,174),
$16,124,259;

Co,

buildings,

ciation

.

from/15 *to/^25 ;.planes /per month/ in
C-54
four-engine transports for the

'

of

which
the

United New Jersey RR. & Canal
Co.—Bonds Awarded
—The company Oct. 20
awarded $6,487,000
general mort¬
gage bonds, due 1973, to Salomon
Bros. & Hutzler and
associates at 98.7083 for a
3% coupon. The underwriters
announced that there will be
no
public reoffering of
this issue. Dick & Merle-Smith
and R. W. Pressprich &
Co. participated with
Salomon /Bros. & Hutzler in
the
transaction.

cost, contract rights released

from, Delaware

the

Texas Engineering & Mfg Co.—Steps
Up Schedule—

'itep-upr

be

99.48999;

$3.97

$1,424,191;

59,554.166 at Juno 30.

cents

of

011

_

A

to

The bonds

9,000,000

able, customers, $6,490,457; miscell.
receivable and advances,
$335,679;
of/sulphur above ground, $10,081,961; inventories of ma¬

current

outstanding

for

Taggart Corp.—Declares f5-Cent Dividend—

.

by

preferred

merger with

its

See

594,832

taxes.

LIABILITIES—Accctints

shares of convertible preferred stock have
redemption on Oct. 30, next, at $101 per share, plus
accrued dividends of $1.20
per. share.
Payment will be made at the
-National
City Bank of Cleveland, Cleveland, Ohio.
The
conversion
privilege will expire at the ;close of business on Oct. 25, 1948.
been

the

of

of

upon

400,000

inventories

$83,501,395.

.

Swan Rubber .Co.—Preferred Stock Called—
/(

'

present
of

T627.

p.

to

Texas

issuance

$26,500,000

common

share

'

-

Without
question

and time

plants,

$1,619,032

whether

or

Union Belt Ry. of
Oakland, Calif.—Control—

deposits, $20,951,U. S. Treasury motes and
certificates. $21,969,000; accounts receiv¬

313;

at

'

'

Act

change will ocaur in the present basis
of trading in
warrants, that is, such warrants will continue to
be dealt
/oasis specified .in the
warrants at. the rate of one

1,783,025

$3.12
stock

Clayton

110

y BALANCE SHEET AS AT JUNE 30, 1948
"ASSETS—Cash ,oii. :liand and 011 demand

terials

"

^

share

per

the

company's

of

of

1945

■

$11,965,650 $21,665,011 $15,239,519

_________

the

■

from

gas

shares

share.—V.

400,000

587,021

4,939,000

income

of

.,

Canadian

gross' incomc___ ' $2,752,435
on
piant
and
'

taxes

♦Includes capital

9

Total

current

/

at the purchase
previous change in the
the above warrants which
became effective
in'February, 1933,
there has been
purchasable 1 22/100 shares of common
stock of the
corporation at $18.46
per share in lieu of one share of
common stock
at $22.50
per share specified in. the
warrants.
/ /
The New York
Curb Exchange also calls attention

$16,904,650 $30,665,011 $21,589,519 $18,293,023

.iucome,

Net

Superheater Co.—Earnings—
(Exclusive

for

on

.

of

1735.

p.

iProv,

year.

'Pipe Line Co., Inc.—Financing

terms of

Corp.

1,999,195

'280,135

■"

/ r

Gas

purchasable 1 27/100
price of $17.76 per share.

$16,624,515 $30 077,990 $20,828,495
$17,098,191

income

violation

1,840-unile pipeline

require

purchase

-

.,

the

natural

result

a

of

rants

it

¥00,000

200,000

'

vA->'

last

168,

/ one share of
'

fox-

2,326,646

"

contingencies

In

upon exercise
the purchase

Co.

12.197,834
1,494.500 : .1,331,264
593,504
554,703

790,659

1,146,575.

Trans¬

Tri-Continenial Corp.--—Stock Purchase
Warrant Price

14,075,239

2,013.467

admin.

,,v_

of

stock.

As

do so."

1946,

19,756:811

407,609
&

gen.

/.//expends

that

20

'

1947

;

Oct.

a
case
against only part of them.
the company cannot
be
prepared to
Stewart argued.—V.

Shareholdings Corp., which

■

/ 1,047.5G2

court

"

$30,137,418 $55,365,373 $39,396,933 $33,965,017
10.706.097

the

out

-Calendar Years-

.Juue30, '48

.

Oper/. & delivery- costs
Amortization
/_

•

103,456

~TT T*T:,"~P^rTiAi

,

■

...Net r,salcs__;^::-:_/_-._/__i.-^—•• $1,757,410
Net

"

-

Gross vev-. froin;Sulphur r /;
/; sales

not

tolcl

-

ACCOUNT

-6 Mos.'Elld.
-

will

one

a

Bonds totaling
$14'3,000,000 are to be placed
privately
institutional investors. The common stock
is slated to be taken
privately by stockholders, but the
preferred, carrying common
Stock
warrants, is to 'be offered- to the
public probably
by midNovember. White, Weld & Co. and
Stone & Webster Securities
are
Corp.
managing the transaction, it is said.—V.
167, p. 2693.

'

y^lr, ^6^1,

in

monopoly.

for

appear

lessen

commerce

up

portion

a

action

a

It charged

subsidiaries

with

represented

Gulf

its

restrain

create

company,

were

make

The

issues

mon

may
-.take; with respect to its
holdings of Texas Gulf stock not sold
to
ihe .Texas Gulf
Sulphur £0, ,/No public offering of
any such
shares
is
presently contemplated.
Gulf Oil Corp.
may sell privately or otherwise
dispose •• of, /such
shares, or some portion thereof, but can
presently make no representation that it

1,

to
to

$191,500,000—/

will

500,000.

appropriately by

accordingly,

converted

any

money

more

that,

demand

and

notice,

Mr.

transmit

SEC

a

investment by Gulf Oil
Coq:. since its acquisition
during, that; time it has
greatly increased in value.
In
view
of the
large capital expenditures
contemplated by Gulf Oil Corp. during
the next

try to
advance

Area

stock

Sulphur

tend

interest at the end

Financing of
to

transferred,

Gulf

will

to Total

Act

to

the

Trans-Continental

S'
These /

1934

stock

witnesses,

consideration

were

Texas

Corp.

an

in

for

values its

years

^/"/■/^■,
stock/

of

Oil

its

company lastvJune.

banks,

hearing Oct. 12 to
whether the Boax-d should
order it to dispose of its stocks
or
all"
of
46
banks
with
598;.banking
offices.
Samuel

22.54%

this

holdings of
The willingness

of

and

more

directed

was

the

on

Transamerica
or

Transamerica complains that the
Board
does not indicate
clearly
enough whether it seeks to
px*oVe that all
the stock acquisitions of
the past 20

of

acquisition

hy

interests in these companies in
excess of $60,000,000.
largest of them is Bank of
/America, in which Transamerica had

The
a

complaint
one

areas

counsel

america

a

between

western

in
"any
Stewart,

15 contained the

offering

served

,purchase;-f

company

determine

to 500,000 shares of such stock to Texas
the Texas Gulf
company an opportunity

up

its

subsidiary -of

held

more

it

stock

go

ques¬

chai-ges.

Board
stock

competition

Bankers

55,

;

Federal

Board's

that

share affords (0

a

are

A.

of

Broadway,

.V.', as agent, prior to the close of business on
'1948, of .(he/particular/denominations in which they wish to

York

just declared, accumulated and un¬
stock amount to $3.65 per share.

/'■.

procedural

before

The

v.,

tendered;

to

preferred

to

\

„•

.

purchased

tendered

the

/..

v

.Judge

and

customers

N.

New

or before

connection

Corp.

who .hold

of

Street,

shares

on

..;'.y

per

31

31, April

decision

a

'/■"

stock

dividend

cents

Oct.

Jun.

on

Judge James W. Morris Oct.-20, and he
promised
as
early as possible this week,
Morris must rule 011 two
questions: Whether the Adminis¬
trative Procedure Act of
1946
gives the district court
authority to
intervene before the Board
begins its bearings or takes any action
against the company; if it
does, whether the court should enjoin the
Board's hearings until
the company is given a clearer
statement/of

products

stock

the

91V4

payable

paid

with its
hearings on the company's banking interests.
Attorneys for the company and Ihe Board argued

vending, ma¬

Oct/ 15,

was

;v,

..

of

stock,

amount

corporation
and
the
Federal
Reserve
Board
will
know this
whether the U. S. District Court will
permit the Board to

ahead

Consolidated

metal

tractors

substantial discount from such
maxket quotations/
- owns 1.296,100
shares of Texas Gulf

been

in

Standard. Oil Co. :(N«w Jersey)—Restock,'Distribution

Wall

certain

S.

on

vi.:/ This

0.

granted

.

'4.

and

Jphu® -/Off /Corp;

for

Standard Oil Co. (New Jersey)/stock, which was
Sept. *20/ was intended to -be s apRlicabio 'to- both quarters. /
fSee V.. 168, p.' 255).—V. 168, p. 1487...
'

paid

.

commercial

bodies

and

dividend

a

preferred

Reserve Begins Hearings—

The

personal airplane,

,

f-OJl iCprp. to, sell

•former,

-

'

truck

under

in

at $55

shares

response ,to- inquiries,, .has,called
./ attention. to* the previous ;actiort of the board
of directors on July 12,
1948,• declaringYthe regulaf/quaiterly xash/dividendrof 50>cents for
each

of

Cola

companyi:on

employ

at

share

16

pil Corp.

®FGulf

any

Standard Oil Co. (Ind.)
—Explains Stock Dividend—

<

Co.,

1933

Gulf

■

The Secretary of- this company,- in

;,,

eral

week

The directors have
carefully considered the advisability of purchasing
part of the -isstfed and
outstanding capital stock of the company and
has- concluded that it is
:n
the intex-iest of
the
company -and
its
stockholders to expend at the
present time $27,500,000 in the
purchase
of 500,000 shares
of the
outstanding capital stock at a price of $55
per share.
The
opportunity to make such purchase arises from the
fact
that Gulf
Oil
Coxp., a substantial stockholder in Texas
Gulf,
is willing to sell
part of its holdings to the
company at the aforesaid
price, which is
substantially below ihe- recently quoted market prices
on
the New York
Stock
Exchange. Prior to reaching the agreement
wifh Gulf Oil Corp., Texas Gulf had been
considering the prepara¬
tion and
filing of a registration statement

/

-

work

declared

like

A

to

60.

p.

20.

last.

dividends

166,

20

cumulative

Oct.

Transamerica Corp.—Court Promises
Ruling—To De¬
cide Whether It Has
Authority to Intervene Before Fed¬

following data:,*

writer, Scott. Horner-& Mason, Inc.—V.
166, p., 1096.

*

non-aviation

Coca

.

;

notification

stock,

conversion

168, p. 489.

A/letter to'the

„

common

Brazil,

the

the

•

'

a/letter

7,245 shares of

,

,

■.

'jOn

'*

paid

.//■"<.

such

of

has

-

SEC—

intruding

and.July 31,
Giving effect

.

.

^andrtihwii94^yujhiei^f':-$4,O0O,lK)6-if:'c6hs7''1'';

vtaxefc-,

been elected
President- to succeed the late
Rummer has been a director
and. Chairman-pf
thei executive, committeeof the ror.d
for
the past year.'
He- will
/.resume his new duties on Nov. l.-^V.
1G8, p. 1487.*

:ii,

./

,.

company will accept such part of each tender to the nearest
full
share
as, 500,000
shares
bear to
the
total number
of
shares
''$10.12,;- •; tendered
by all stockholders.
7.,
;i," .' AH stockholders desiring- to
tender
stock
pursuant to this call
for tender must
deliver certificates for

fJS. S. McPh.ersoxi, .Mi*.:.

*

./

Oct.

on

3.65%

record

—V.

Industrial

//■/'.,

1,222,110

shsire__^r___l____^_________;j_.__

Rummel

Baylis,

■

second

95

* 50
%
If tenders are received in
' will
be prorated on
the
i.e. this

12,371,154

1,222,110

at

Spokane International RR.-—New President—
.Fred

H.
-

its

company; has invited
tenders of stock from all stockholders
price of'$55 per, Share "and will
purchase up to 500,000 shares
price.
Nc stockholder will be
permitted to tender more than
of fiis
holdings pf record at the close of business '

at* a

Trust

■

J.

bring

30

Texas Gulf Sulphur Co.—Call for Tenders—

Aug. 30/47

tingency .resexwev-^v'-lOO^pa-^SO.*

.

to

the

oxx

holders of

further

v

"V;

6,948,012

-

out.standing_'_l'_________'::...:--:'/

:^>■ ixiecucn^
/

r

r

Capital

to

.-/.

scbre

from

chines.—V.

J5,7,?64.948' 141,519,757

________

effort

directors

share

The

Aug. 28/48

.

1:

sales./

*

,

its

countries

several

ranging

/'

Spencer Kellogg & Sons,
Inc.—Earnings—-

"

foreign

and

with last year's $20,000,000.

compared

of

people In an
first, according

and domestic
airlines, sub-contract work for Fairchild
Vultee, manufacture and merchandising of the Swift

now

/'

hundred

The

'

employment
Already on

brought TEMCO's 1948 backlog above its "tbtal
nearly $7,000,000. The company also is engaged in
fighter planes for China, other overhaul work for

of

overhaul, of

Z other

-

,i

are

in

51

/Thalhimer Brothers, Inc.—Accumulated
Dividend—

'/■•'

f{

contract

business

the

to - James
W.
Mclntire, '.Executive" Vice-President/ and,.
.Treasure-r, the company expects this year to
equal, and probably better,
.last year's $772,000 net.profit after
taxes, even though sales this year

.

of

some

immediate further hike

an

monthly.

The original

,

/. 1947

Since

company

contractors has
the
heavy main¬

'contract

,

i

in

(1735)

private

last. May gave TEMCO a total of
only 45
! airplanes for eventual completion of the
contract the following March
a cost of
< at
$2,700,000. This first was revised upward in
August to a
' ' completion schedule of about 15
planes

$806;425v

,

of

shift up to the size
Relations Director.

cur-

and 1.5 to

•:

increase will result

of

TEMCO,; already Dallas' largest industrial employer.
extended
shift
basis, TEMCO will speed plans for the

an

$104,000

assets

1947

enlisted

tenance.

\>

ended

quarter

been

CHRONICLE

shares
annual

transaction.

treasury.—

Stockholders
their

annual

financing
of

/

was

of

the

meeting.

Forest

Mr.

Tralles
said

the

Oct/ 19
O.

necessary because of

the outstanding

paid,

Corp.—Refinancing—

company

ratified

Tralles,

Life

■■

refinancing pilan
counsel,

said

at
re¬

the substantial imminent maturities
by the RFC.

$7,500,000 loan
pointing out that $3,600,000
Mutual

a

general

Insurance

Co.,

of

the

New

loan

York,

had

had

not

been

agreed

to

52

(1736)

lend the corporation $2,500,000
JProvident Life Insurance Co.,

Philadelphia,

corporation

on

annual

another

interest

4%

at

$1,500,000

years and that
has agreed to lend the
and three years at 3%%

interest over 11

two

one,

rate.

'
.

Harry T. Vaughn, Clewiston,
directors and 13 other directors

United Utilities &

Fla.,

named

was

167,

of

board

the

to

re-elected.—V.

were

293.

p.

;■

Specialty Corp.—Changes Filing of

company, by
■common stock
(par

*>old

underwriter

to

Noel Corp..
bank

33,000
10 cents each).

at

be

etc.—Originally,

capital,

Van Alstyne

are

the

planned

company

cumulative preferred stock (par $10).—

the sale of 41,000 shares of 5%
IT. 168,

Underwriters

offered

working

loans,

and

and George R. Cooley & Co., Inc., Albany, N. Y.
at market and the proceeds used to repay

New York
will

stock

The

$1)

Oct.

of

southeast

£ Light Co.—Capitalization Increased—

stockholders

slock

from

Oct.

on

shares

1,500,COO shares.
The annual meeting was also changed from the
to the first Monday in October.
1,250,000

Period End. Aug. 31—
oper.

-Oper.

revenues

1948—Month—1947

at

to

estimated

cost

a

vanadium

revenues-—

$292,790

$4,056,809

$4,767,369

$345,198

oper.

•Other

inconie

Gross

28,641

2,528'

.

:

,

30,464

$4,085,450

$4,797,883

93,118

1,160,555

1,904,171

$247,830

$202,200

$2,924,895

$2,893,662

414.834

355,572

1,659,337

$295,318

99,939

—

___.

under

ore

„

,

*$167,004

*$153,372

$1,265,558

$1,471,373

Nil

—

$0.17

$2.47

$2.44

Darns, per com. share—
^Loss.—V.

-

the

the

of

will

set

Vick Chemical Co. —New

President,

Etc.— }

Edward

L. Mabry, a Vice-President, has been elected President to
Wliliam Y. Preyer, who recently announced his intention of
at this time.
Mr. Preyer becomes Chairman of the finance
Committee, which serves the management in an advisory capacity on

^succeed

,'retiring

this

In

mined

was

.^budgets, capital expenditures and matters affecting fiscal policies. He
continues also as a, director, and as a member of the executive comanittee of .the .board.
>; • :{■■■••
V:;
v1''%*>v-'
■ ';/'!/"% A A"■"/'/' A/
assumed

Presidency

the

toiletries for

Since

men.

qf his time in coordinating and

/much

10

years

Mr. Mabry

ago,

their

directing their operation..

He

Besides

jband

those

companies mentioned above, the Vick enterprise now
subsidiaries: The Sofskin Co., manufacturers of

the following

Jensen-Salsbery

cream;

ceuticals and

supplies; J. T.

manufactures

lines

to

:

veterinary
reagent,

Vick International

and

distributes

or

countries.-

70

some

Inc.,

Baker Chemical Co.,

industrial chemicals;

*ind fine
cither

Laboratories,

products
.

.

of Vick

pharma¬

agricultural

Division, which
its subsidiary'

and

:

which

EARNINGS

Fiscal Years Ended June 30—

returns,

less

Bales,

of

by AEC of

from

Profit

selling,

1628.

Profit

operations

'r

35,569,045

35,068,250

30,513,806

taxes

$6,104,995

$6,735,222

Br30,567

$6,957,462

$6,641,405

2,428,025

2,907,047

3,347,410

$3,833,158

$4,050,415

$3,293,995

and

adjustments
prof,

excess

taxes

(estd.i-.__

Profit before special adjust

„

Bpecial adjustments:

Bestora$on of uiyequired portion
of
amounts prbvided in prior

years'for
and

inc.

Fed., State and forgn.
profits tuxes.—

excess

Restoration
for

of

amt.

prev.

tingencies
Additional

for

less

yrs.,

of

applic.

Federal

taxes

Dr91 637

Net
Cash

income

Earnings

per

Dated Oct.
and Oct.

:

ASSETS—

VS.

$3,802,358

2,129,925

1,850,796

$3.06

$2.74

$2.66

BALANCE SHEET.

S.

1948

Treas.

obligations, at cost
receiv.—trade and other

*Accts.

refunds

Inventories
Cash

surr.

1946

$3,573,764

500.084

1,315,500

3,534*533

3,112,774

2,706,998

526,888
12,739,735

refund

of

Canadian

eign affiliates
$ Second mortgage

as

valued

by

whole

and

53,733

81,443

$28,067

350.000

5,418,810

6,079.201

382.315

381,264

336,036

1

goodwill—

1

1

$26,919,352 $24,907,752 $23,710,283

LIABILITIES—

Bank

loans

of

a

subsidiary

pay. and
accrd. liabilities—_
Reserve for Fed., State and foreign
income and excess profits taxes—

Prov.

for

personnel
incentive

past

service

selection,

1,970,485

2,957,536

3,349,929

4,242,728

1,155,386

par;

-688,120

496.753

700,000

650.000

650,000

_

_

3.586,375

3,171,730

3,171.730

13.886,812

11,807,594

3,586,375
3,171,730
9,495,828

Total

303,616

303.616

303,616

$26,919,352 $24,907,752 $23,710,283

After reserves

of $143,168 in 1948, $131,315 in 1947 and $127,989 in
carryback of unused excess profits credit.
tAfter re¬
§ Principal amount of $440,864 in 1948 and $450,000
in 1947. ffAfter reserves for depreciation and amortization of
$4,280,350
ill 1948, $3,885,123 in 1947 and
$3,515,732 in 1946.—V. 168, p. 1406.

1946.

serve

tDue

of

to

$38,000.




and 100.875',1, respectively.

total

are

eight

The

(not

date

in part for the payment at the

than

more

also proposes,

Stewart

and

Co.

amount

C.

subject to

authorization

as of March 1, 1936, to City Bank Farmers
Pratt, trustees, of $6,448,000 additional prin¬

&

Company

of series C

Pa

ine,
&

♦

E.

Webber,

H.

not

are

material

in

amount.

Rollins

lands

one-half

in

Raleigh and Fayette Counties; and

interest

in

'
11

are

mines)

owns

an

undivided

approximately 2,945 acres of coal lands in Fayette

County.
mines

which

its

on

arc

owned

•

and

leased

property

operated under leases, or

(not including

subleases from Loup

is

operated

by

the New River Co., the Royal Mine which is
operated
by the Charleston Coal Co., the Redyard Mine which is
operated by the Redyard Coal Co.. the Brooklyn Mine which is operated
by the Scotia Coal ft Coke Co., and the Deepwater Mine which is
by

the

Deepwater

Coal

All

Co.

Oakwood, Brooklyn and Royal mines

are

of

these

mines

served by the

except

1,450,000

—V.

168,

Approximately 37,514 acres (approximately 29,078 acres/of
within the Kopperston leasehold) have also been leased to
for the purpose cf drilling for and
producing oil and gas.

Loup Creek Co.
on

open

advances
loans

amount

Hutton

Pollock

E.

Inc.

400,000

250,000
250,000

Co.

&

ft

Co.,

:

250,000

—

200,000

Strader, Taylor ft Co.__

1625.

p.

Warren Petroleum Corp. (& Subs.)—Earnings—

i

Years Ended June 30—

Gross

Net

sales

and

profit

—V.

1948

"

;

1947-

charges

and

taxes—,

8,539,731

-

shares outstanding
per common share

/

$47,762,450

$80,495,241

revenue

after

4,926,388

,

1,699,450

% 600,000

$5.02

$8.21

,

,

168, p. 1050.

Washington Gas Liffht Co.—Stock Sold—An aggregate
68,346 shares of common stock were purchased through
the exercise of subscription warrants under an offering
by company of 102,000 additional common shares to hold¬
of

ers

of its common fitoek.

An underwriting group headed

by The First Boston Corp. and Johnston, Lemon & Co.,
purchased the balance of 13,654 shares which were of¬
fered Oct. 14 at $23% per share and have been sold.
The
rights to stockholders expired Oct. 13.% For. further de¬
tails of

offering, names of underwriters, etc., see V. 168,
1406.:
>
*v
/•;%:.%//;-:/-• VJ-^.

p.

Waterloo,.££dar Falls .^5 Northern ^RR.—To Split Stk#
The

applied to. the Interstate Commerce Commission
its authorized common stock from 60,000
with a stated value of $30 per share to re¬
classify its common stock of no par value, with a stated value of
$30 per share, into shares of $10 par value, three new shares to be

for

of

issued

in

at

to

no

change
value

par

exchange

present

of

has

company

authority

shares

which

for

each

authorized

an

there

Power

week

are

share

par

no

issue

of

outstanding

held.

The

shares

60,000

54,510

of

shares.—V.

has

company

stock,

common

154,

/

550.

p.

output

of the electric properties of this company for the
16, 1948 totaled 112.500,000 kwh., an increase of
output of 100,981,000 kwh. for the corresponding week
158, p. 1628.
■■//%■:/

ended

Oct.

the

over

1947—V.

Of

West Virginia Coal &
directors

The

share

the

on

Nov.

30.

June

12

share

Coke Corp.—Larger Dividend—

declared

have

oayaule

of

cent::

35

Dec.

each

and

Sept. 13. this year.
Lass
disbursed.—V. 168, p. 1189.

was

dividend

quarterly

a

stock,

common

Distributions

to

13

year

of 50
holders

made

were

total

a

of

cents per
of record
March

on

10,

cents

per-

75

West Virginia Pulp # jPAPer Co.—Special Offering—
Kidder, Peabody & Co. on Oct. 18 made a special offer-*
ing of 3,500 shares of common stock (no par) at $44 per
share, with a commission of $1 a share.
Plans New Mill—
The
new
a

that

has appropriated $12,000,000 from reserves to build ai
Mechanicville, N. Y., David L. Lake, President, tolct
of stockholders on Oct. 18.
The present plant in

company

pulp

mill

special

is

town

is expected

The

at

meeting

outdated,

voted

lay

service benefits

out

Construction

of

pension

a

the

on

mill

new

covering

plan,

4.500

under

the

for

$400,000

approval

The estimated cost to the company of funding
the plan is $5,155,000.
The company will
first year's'operation of the plan to which

hourly-paid employees.
past

Luke said.

Mr.

to start next year.

stockholders

employees will contribute.—V. 168, p. 989.

Western Pioneer Automobile

of

of

was

indebted

account in

have
the

$750,000

been

Loup
on

the

on

Sept. 30,

amount

subordinated

Creek

Sept.

20,

Co..

of

by
which

1948.

Insurance

Co., Oakland>

Calif.—Stock Offered—
The
of

stock

company

Messrs.

are

specialize

moters

are

idea

in

there

doing

so

is

and

Henry,

Jensen,

interested

that

for

underwriting

18,000

shares

v

at $20 per share.

organized in California March 19, 1948 for th»
in the automobile insurance business.
The pro¬

insurance

in

direct without

offering

($10 par)
was

engaging

of

purpose

to

is

company

common

The

of

The company intends
Japanese descent.
The pro¬
in their own behalf for they

Myles.

of

persons

this organization

need

a

resulted

for

from

such

company

a

personal

a

as

this;

disclosing

sui'vey

and
a

the

desire

Nisei to insure with such a company. Consequently it is the
present intention of the organizers to offer the stock initially to Nisei
■citizens and if they purchase a majority of the stock they will be
represented on the board of directors. The company intends to desig¬
nate Nisei insurance brokers or agents not exclusively, but in areas
where Nisei are concentrated Nisei agents will be used.
of

many

The

principal

Oakland

office

the

of

/

•

located

is

company

11, Calif.

at

3946

Authorized

stock'

Common

($10

PURPOSE—The
sale

of

.this

automobile

par)

the

18,000 shs.

proceeds from the
operations as an

proposes

to

use

enable

to

issue

Outstanding

100,000 sh-s.

——

company

stock

Broadway*

.

SECURITIES

CAPITAL

to

commence

it

insurer.

1

'
1

1

'

.

'

)

■

*

Wilkes-Barre & Scranton Ry.—To Extend Bonds—
The

which
others

1948, to the Railway

$3,846,866, for advances.
the Railway company to
were
outstanding in the

matured
not

Oct. 18 asked ICC authority to extend the maturity of
4'/a%
first mortgage
bonds for 25 years.
The issue

company

$500,000

During 1947, the sums received by the Loup Creek Co. on account
of rents and royalties, with respect to its coal leases and subleases,
amounted
to
$414,818, and with respect to its oil and gas leases
amounted 10^24,213.

company

400,000

F.

"Wm:

>

.«

.

>E.

the

company.

are

bank

Sons,

Co.

ft

Deetjen ft Co.

Emanuel,

Co.

embracing approximately 63,230 acres. These mines consist
of the Kopperston, Eccles and Beards Fork Mines which are operated
by Eastern Gas and Fuel Associates, the Ingram Branch and Robson
Mines
which are operated by the Mary Frances Coal Co., the Page
Mine which is operated
by the Page Mining Co., the Oakwood Mine

The

ft

31air ft

Marache

Co.

1,450,000

.Mi;

—

Inc.

William

believe

all of the capital stock of Loup Creek Co., which

company owns

approximately 63,080 acres of developed and undeveloped coal
lands in Wyoming, Logan, Boone. Fayette, Raleigh and Mercer Coun¬
ties, W. Va.; has leasehold interests in approximately 12,300 acres

These

Granbery,

Jackson

Curtis

$400,000

Francis I. du Pont & Co.

1,450,000
1,450,000

as

Railway Company has two wholly owned subsidiaries. Loup
Co., and Marsh Fork Railway, a nonoperating subsidiary whose

which

ttye underwriters and the principal

of

names

$1,550,000

Equitable Secur. Corp.—
Harris, Hall ft Co. (Inc.)

short-term notes.

owns

Creek

Eastern

UNDERWRITERS—The

moters

truck

that

amount of bonds to be purchased by each are as follows:

by the ICC, to

was originally incorporated in Virginia Feb.
Tidewater Railway, name being changed to present form
March 8. 1907.
The company now operates 662.72 miles of road (3Q.57
miles
being double-tracked) of which 333.49 miles are located in
Virginia and 329.23 are located in West Virginia.
Of the mileage
operated, the company owns 596.26 miles of main line and branches
and uses jointly 66.46 miles under trackage rights.
Industrial spurs,
sidings and yard tracks aggregate an additional 416.76 miles, the
total mileage of all tracks operated being 1,110.05 miles.

1904,

coal

the outstanding common
voting stock of the company.

of

outstanding

20

PROPERTY—Company

of

at Sept. 30, 1948,
This stock is a
19, 1937, and is
stock and 30.53%

Jan.

on

The company
Gas and
Fuel Associates
(Mass.)
owned
Sept. 30, i948, 95.01%
of the outstanding capital stock of The
Virginian
Corp.; and Eastern Gas and Fuel Associates also owns
directly 7,259 shares of the common stock of the company.

delivery under the terms of its first lien and

authentication and

Creek

owned

company.

acquired

years.

company

The

(Del,)
the

of

was

on

11.4%

bonds, and has requested authority from the
pledge of the same in whole or in part as collateral
The company has no present intention
of disposing of the $6,448,000 series C bonds by sale, pledge or other¬
wise,
but subject
to
any
necessary
authorization by governmental
authority will have the right to do so at any time.
cipal

which

subject to authorization by the

days) after the delivery
and payment for the series C bonds of $4,000,000 short-term bank loans
incurred by the company in connection with its current improvement
program.
The company proposes to use the balance of the proceeds,
estimated at approximately $5,489,075, exclusive of accrued interest, to
replenish its treasury in order to provide funds which, together with
other treasury funds, will be used for capital expenditures presently
contemplated.
Such expenditures between Aug. 1, 1948, and Dec. 31,
1951,
are
now
estimated at approximately $20,000,000
(exclusive of
maturities under existing
equipment obligations), of which approxi¬
mately $9,500,000 relates to fixed property and $10,500,000 to equip¬
ment.
Included in such expenditures is the cost, estimated at $6,600,000, of certain equipment Vhich is expected to be acquired in 1949 on
conditional sale with a down payment of 20%
and the balance payable
practicable

.■/'•

W«st Penn Electric Co.—Weekly Output—

PURPOSE—The proceeds will be used
earliest

Corp.

stock

common

block

57.81%

informed

Commission.

Commerce

t

14,600 shares of capital stk.

(Dr)

of these bonds

sale

and

fund

the option of the company, or for sinking

at

part,

the initial prices being 103.50%

the New York Stock Exchange.

operated

3,586,375
__

reacqd. and held in treasury

*

$1.957,G20

and

Reserve for possible inventory losses
and other contingencies
i>_—_

Cost of

$1,765,129

pensions,

trailing

compensation

Capital stock ($2.50
Capital surplus
Earned surplus

$400,000

__

Accts.

in

or

There
Total

of

LISTING—Application will bo made for the registration of the series
Exchange Act of 1934 and for their listing

on

The

340,864

the

is

A-

73,154

3,630

6,429,986

1

charges

;A-:\A

;

C bonds under the Securities

assets

in¬

-

.V'

$1,000, $5,000, $10,000 and any multiple of $10,000,
the coupon bonds and registered bonds without coupons of the several
denominations being interchangeable;
Redeemable prior to maturity as

114,220

3,630

dependent appraisal
fiFixed assets
Trade-marks

375,000

excess

profits taxes
Investment in and advances to for¬

Deferred

9,10~8~342

of life insurance..

tClaim for refund of Fed. taxes

Postwar

12,102",886
370,000

_

value

1947

$2,586,860

.—

receivable

,

1, 1948; due Oct. 1, 1973. Principal and interest (April 1
payable at office or agency of the company in New York

denominations

20,

JUNE 30

$2,907,667

Cash

Tax

$4,350,415

1,703,940

share—

1)

security for

$3,783,158

CONSOLIDATED

interest.

Other bids were:

Commission for the

50,000

dividends

bid of 99.885.

a

City. Bonds will be issuable in coupon form, registerable- as to principal,
in denomination Of $1,000, and in registered form without coupons in

refunding mortgage dated

inventory losses and other

14 on

for 3%s. A

99.42

Inc.,

Co.,

Trust

contingencies

and. refunding;; mortgage

lien

C, 3V4%, at 100.50 and accrued

3'As;

for

obtain

reduct.

•

Brothers, 99.26999 for 3'As; Halsey, Stuart & Co. Inc.. 99.2699
Kidder, Peabody & Co., 99.09 for 3'As; Harriman Rlpjey &

Lehman

over

of

facil. applic. to prior

($240,000)
Prov.

($331,637)

!■">!.

Bonds Offered—As mentioned in our.
associates on Oct. 15

issue was awarded Oct.

The

600,000

:

amortiz.

emergency

fiscal

300,000

provid.

losses and postwar con¬

war

-h.^!

issue of Oct. 18 Shields & Co. and

$6,671,972

222.240

$6,261,183

—

'

first

to

of

& Power
/

—

of

larger

equivalent

Common

Issuance

federal, State and foreign inc. taxes
and

copper-

is

Virginian Ry.

$6,448,000 held ir company's treasury unpledged.

shares

of

Earnings

Interstate

*

156,188

income

before

special

the

Co.—Applies to FPC for
Hydro-Electric Project on Roanoke River in

company

31,271,500

i___

OWNERSHIP—-The Viiginian

-

1946

1947

adver¬

(net)

income

mined,

a

Electric

—

___

par)—

$5,250,000, representing 80%
of the estimated cost of acquisition of
1,000 55-ton hopper cars, 300 box cars and 25 caboose cars.
These
obligations will probably mature monthly over a period of eight years.

seeking a license from the FPC to construct arid
operate a hydro-electric project on the Roanoke River near Roanoke
Rapids. N. C. Construction costs have been estimated at $18,090,000;
with land and rights bringing the total to $18,475,000.
The project is proposed to be operated as an integral part of the
company's power system, the power being distributed to customers
along with power generated at the company's other generating plants.
—V. 168, p. 1628.
>•
•
1 '
/
„
*

$41,674,040 $41,803,472 $37,185,778

sold,

goods

been

are

Commission

purchase

purposes,

and

tising and administrative exps

•Other

STATEMENT

1948

) /

allowances

:

discounts

Cost

not* previously

has

described as small, flat, and lenticular.
and Vanadium are negotiating an agreement

bodies

License for

a

CONSOLIDATED

•

Shields

area

ore

—V. 168, p.

acquisition he has spent

«peht considerable time in Cincinnati personally reorganizing MerreH's
■operating policies under the new ownership.
:
"
;
includes

extracted will be paid to
small

Navajos. A relatively
during the war.

the

($25

_

reservation

Utah, the corpora¬
pilot treatment plant which will be in operation by

a

offered >$8)500*000

"Seaforth"

for

the

Canyon district in San Juan county,

up

bonds series
•of

on

_________

company contemplates that during the first six months of 1949
incur equipment obligations in the amount of approximately

will

723,162

for
high-grade, refined uranium product from
the'new mill. Ultimately Vanadiirm mriy 'build a larger treatment plant
in the White "Canyon district/ It is expected that the opening of this
plant, capable of treating custom ores, will stimulate prospecting and
mining in this new district. The White Canyon area is not well known,
but scattered ore showings extend over many miles down into Arizona.
the

it

portion

.

summer.

uranium

■

Preyer

Affairs

Indian

of

ore

stock

■"In addition

The

'A,

may come from properties now
Negotiations are
and VCA for the subleasing of
royalty or similar basis. If this

all minerals

royalties on

approved,

Bureau

by the
be able

Navajo Indian Reservation.

North Carolina—-

168, p. 490.

Mr.

to

ore

the AEC on the

plan is

Common

$58,675,000
*9,500,000
784,233
1,900,000
27,955,000

—

sale

agreement dated May 1, 1946
Conditional sale agreement dated Oct. 31, 19476% cumulative preferred stock
($25 par)

purchasing

ore

:V:-.

-y'
-'."V
supply the plant

■

Commission's

the

of

terms

progress between the Commission
these properties to the company on a

The

When

the

3%, due May 1, 1995
3'A%, due Oct. 1, 1973

Series

Conditional

a

owned by the U. S. Vanadium Corp., will
Corp. of America. Operations probably will
;
.r", 1
*'■

formerly

1949

Virginia
Balance

plant,

The

$200,000.

1,422,289

$347,769

income

Dividends

2,571'.

■

>.

_.—.—

deductions

Income
Net

'(net) Jit-J

income

than

more

in

The

•

Net

be

to

Series B,
C,

j

corporation

the

anticipated
that
ore
will
be supplied principally
corporation's mines and independent operators will

of

'

the Vanadium

to

deliver

First lien and rexunding mortgage bonds—

government-owned

the

rehabilitated by

is

It

next

11,456,487

will "be

Durango

.

15

l&tc

In the White

13,805.478

Oct.

Vanadium

tion

1948—12 Mos.—1947

on

in

start

amount

1,120,916

1,167,415

it

mill

be leased

$1,413,706 $17,862,287 $16,223,856

$1,512,613

—

deducts...

revenue

Wednesday

third

COMPARATIVE INCOME ACCOUNT

„

Total

to

tentative^ agreement

at

held by

voted to increase the authorized capital

20

the

plant

Part

Utah Power

of

terms

OUTSTANDING GIVING EFFECT TO PRESENT
FINANCING

Commission,

Utah.

processing

program.

The

CAPITALIZATION

announced
negotiations are being conducted
with the
above corporation for
the purchase of uranium from two treatment plants to be brought into
operation by VCA in 1949.
One
of these plants
is the Commission-owned vanadium-uranium
mill at Durango, Colo., for which a lease is being arranged. The other
is a new plant to be erected by the company in the White Canyon

to

"

p. 589.

Monday, October 25, 1948

Vanadium Corp. of America—Uranium Output Plans—

Under

15, filed 125,000 shares of
stock purchase warrants (to be

amendment

an

CHRONICLE

FINANCIAL

The United States Atomic Energy

district

Stock—Common to Replace Preferred—
The

COMMERCIAL &

THE

•

have

extension

of
May

1,

the

1948,

Younker

be at

the

but

necessary

would

company

funds

for

Brothers,

Inc.,

advised

retirement

the same interest

Des

the ICC that
on

that

date.

it did
The

rate.

Moines,

la.—Registers

With SEC—
The company on Oct.

18 filed

a

registration statement with the SEC

covering 34,000 shares of 5% sinking fund cumulative preferred stock
($50 par) and 70,000 shares (no par) common stock.
Underwriter,
A. G. Becker & Co., Inc.
Proceeds will be used to retire unsecured
bank loans arid for
.

-

.

—

general corporate purposes.
\ '
.

.

V

•

'

Volume 168

Number 4745

THE

COMMERCIAL

FINANCIAL

CHRONICLE

(1737)

53

CITY DEPARTMENT

AND

STATE

&

BOND PROPOSALS AND NEGOTIATIONS

I

ARIZONA

Willcoxj Ariz.
Bond

Offering

Wallace

—

T.

Lindquist, City Clerk, will receive
sealed

bids

(MST)

until

7:30

p.m

Nov. 9 for the purchase
of $133,000 not to exceed
4% in¬
terest

on

coupon

gas

bonds.

revenue

Dated Nov. 1, 1948.
Interest M-N.
Dated Nov. 1, 1948.
Denomina¬
tion

$1,000.
Due Nov. 1, as fol¬
lows: $5,000 in 1950 to
1953, $6,000
in

1954

to

1957, $7,000 in 1958 to
1961, $8,000 in 1962 to 1964, $9,000

in

1S65

1968.

to

1967,

ter Nov.

1, 1961
redemption,

for

and

$10,000

in

Bonds maturing on and af¬

subject to call

are

as

whole

a

in

or

part, at the option of the City,
any interest payment date, on

on
or

after Nov.

1, 1960, in inverse nu¬
order
at
the
principal

merical
amount

terest

thereof

thereon

to

demption, plus
1%

of

■each

the

year

and

in¬

accrued

the

date

of

re¬

premium of % of

a

principal

for

amount

fraction thereof

or

un¬

expired, from the date of call for
redemption to the fixed maturity
date of said bonds
ever,

such

event

exceed

less

than

amount

That

premium

4%,

2V2 %

of

said

called. How¬

so

of

such

shall
the

bonds

bonds

in

no

shall it be

nor

shall

principal
called.

so

be

divided

into

two parcels, parcel one con¬
sisting of bonds numbered 1 to
110, and parcel two consisting of

Bosworth & Co., Inc., Burr & Co.,
Byrne and Phelps, Inc., Chemical
Bank & Trust Co., R. L. Day &
Co., all of New York, Dempsey &
Co., of Chicago, Dick & MerleSmith, R. S. Dickson & Co., East¬
man, Dillon
& Co., Eldredge &
Co., Estabrook & Co., all of New
York, First National Bank, of New

Oasis
*

numbered

bidder,
rate

to

the

best

considering the interest
rates
specified and the

or

premiums offered, if any. No bids
for the purchase of said bonds at

price less than

a

with

all

be

value thereof

par

accrued

at the date

interest thereon

on

000

success¬

ful bidder at the City Treasurer's
•office. Principal and interest pay¬
able at the City Treasurer's of¬

fice, or at the Valley National
Bank, Willcox. Registered as to
principal only.
The bonds are

&

Co.,

Inc.,

limits

of the

City.

the corporate

All bids must

be unconditional except as to the

legality of the proceedings and the
validity of the bonds.
Enclose a
certified

or

cashier's check for 5%

of the

amount of the

to the

City Treasurer.

bid, payable

Lehman

Bros.,

all

of

Treasurer's office.
tified

Trust

Lynch,
W.

H.

&

&

Co.,
all

Salomon
of

New

and

Heller, Bruce & Co., both of
San Francisco, as 2s, at a price of
100.658, a basis of about 1.932%.

Sale

—

cinerator bonds offered

1966

Bros.

Schoellkopf, Hutton & Pomeroy,
Buffalo, Schwabacher & Co.,
San Francisco;

on

Oct. 19

p. 1629—were awarded to
Bank
of
America
National

the

Trust

&

Savings Association, of
San Francisco, as 2Vis, at a price
of 101.895, a basis of about 2.021%.
Dated

Nov.

Nov.
from

1

.sive.

1,

1948

194J9

and

to

due

on

inclu-

1968

Second

for 2l4s was

high bid of 101.812
made by Paine, Web¬

ber, Jackson & Curtis.
California

,

Bond

21/2%

Sale

(State

—

veterans'

The

of)
$25,000,000

welfare bonds

fered at public auction on Oct.

168,

>—v.

of¬

19

1407—were sold to a
yndicate headed by the Bankers
p.

rust

York.

nd mature

he

Feb. 1 from 1950 to

inclusive. Other

winning

aeon,

ork,

on

of

group are as follows:

Stevenson
Blair

members

&

&

Co.,

level of 106.53.

'

Coronado, Calif.
Bond

Sale

high

Bank

bid

by the

of

New

Valley Elem. Sch. Dist.,
Ventura),
Calif.

Bond Offering—L. E.

Hallowell,

County Clerk, will receive sealed
bids until 10

(Calif. DST).on

a.m.

Nov. 3 for the purchase of $30,000
not to exceed 4% interest school
Interest

15,

j

1947.

Due

Sept.

M-N.

Dated

Denomination

15,

{"

*'

follows:

as

Sept.

$1,000.

$20,000

$10,000 in I960. Each

be

made

in

cipal and interest payable at the
County Treasurer's office. A cer-

.

—

The

improvement

Oct.

19

v.

—

net interest cost of about

1.67%,

as

follows:

1958

inclusive.

Dated

Nov.

1,

cashier's

or

check

for

3%

of

of

principal amount of the
bonds bid for, payable to the
City.
Sequoia

Local

Hospital

District,
San Mateo
County (P. O.
Redwood City), Calif.
Bonds
Financing Scheduled —

The

District is expected to enter
market in November with an

the

bid,

authorized at

was

election

an

Denver

(City and County) School
District No. 1, Colo.
Bond Offering —
LeRoy Fisher,

tain

Secretary,

bids

until

will

receive

a.m.

10

(Moun¬

Standard

Time) on Oct. 27
purchase of $21,000,000 not
exceed 31/2% interest
general

for the
to

obligation bonds.
Interest
A-O.
Dated Nov. 1, 1948. Denorm
$1,009.
Due Oct. 1, as follows:
$584,000 in
1949, $612,000 in 1950, $742,000 in
1951, $769,000 in 1952, $797,000 in
1953, $1,125,000 in 1954, $1,145,000
in 1955, $1,165,000 in
1956, $1,185,000 in 1957, $1,206,000 in
1958, $1,227,000 in 1959, $1,248,000 in 1960,
$1,270,000 in 1961, $1,292,000 in

1962, $1,315,00 in 1963, $1,338,000
in 1964, $1,361,000 in
1965, $1,385,000 in 1966, and
$1,234,000 in 1967.
All bonds maturing on and after
Oct. 1, 1959, shall be
subject to
redemption in inverse numerical

stitute

the

bonds of the

general

obligation

payable from general ad valorem
taxes without limitation of rate or
amount.

ized

at

election

The bonds

author¬

were

the special school district
held on Oct. 11. Bidders

required to submit bids speci¬
fying the lowest rate of interest,
are

premium, if
such

any,

bidder

above par at

will

purchase

Calif.

subject to the right of the District

1948. Bonds

authorities

and

thereafter

bids.

bid dif¬

of

1.71%.,

was

made

by the Bank

;
Bond Sale — The
water
works, series 2

bonds
p.

offered

1526—were

dicate

on

composed

&

Co.,

F.

S.

Oct.

awarded

Salomon

York, Equitable

$2,800,000
of

1948

19—v.
to

a

168,
syn¬

of Phelps, Fenn
Bros. & Hutzler,

Securities

Corp.,
Co., of Chicago, El¬
dredge & Cov Gordon Graves &
Co., both of New York, DempseyTegeler & Co., of St. Louis, G. C.
Haas & Co., of New
York, Pacific
Co.

and

of

&

California, of Los Angeles,

Garrett-Bromfield

Denver at

interest

a

& Co., of
price of 101.064, a net

cost

of

about

2.16%,

as

follows: $1,520,000 2s, due on Nov.
1 from 1951 to 1960
inclusive, and

Savings Bank, 0^ San
headed
ond

a

high

Inc.,

2.226%.

on

Francisco,

syndicate which

was sec¬

bidder, the offer being
a

net

interest

J-D.

Dated

Dec.

to reject any
It is permissible to

None
at

of

less

1948. terest

1,

the

than

to

cost

of

the

or

paid

A

printed

said

be

tution
act

of

the

State

sometimes

and

under

referred

to

as

an

the

bonds
par

purchaser,

count

shall

and

the. date

Denomination $1,000.
Due $60,000
Dec. 1, 1951 to 1975. The bonds are

City and the laws and consti¬

all

ferent interest rates for the bonds.

general obligations of the City is¬
sued pursuant to the Charter of

Moseley & Co., all of New

Detmer

Interest

sold

accrued

in¬

of

delivery to
shall any dis¬

nor

commission

or

be

be

allowed

the sale of the bonds.

on

form

of proposal will
prospective bidders
District
Treasurer
and

furnished

by

the

shall

be

completely

filled

out

Municipal Bond Act of 1901. Prin¬
cipal and interest payable at the

without change or addition
by the
bidder.
A bid in any other form

City

Treasurer's

may

bonds

were

tion

held

shall
par

on

state

and

office.

Sept.

that

28.

the

accrued

Each

bidder

interest

date

of

any,

and the interest rate

must be in

be bid.
than

bid for

the

a

or

rates

or

rates

multiples of lA of 1%.

than two

more

more

offers
to

bidder offers to pur¬

chase the bonds. Said rate

may

bid

delivery, the premium, if

at which the

Not

These

authorized at the elec¬

interest

No bond

one

rates

shall bear

interest

rate.

No

part of the bonds will be

considered.

The

bonds

shall

be

be disregarded.

ful bidder will be

The

success¬

required to

ac¬

cept delivery of and to make pay¬
ment for
ver

the bonds at

some

Den¬

as

ery

to

the

purchaser

at

or

elsewhere

as

requested. The legal¬

ity of the bonds will be approved
by Wood, King & Dawson of New
York
City, and Pershing, Bos¬
worth, Dick & Dawson, of Denver,

transcript of the legal proceedings

opinions, together with the
printed
bonds
and
a
certified

without

the

fied

bonds

will

be

prior

to

the

date

furnished

or

the

bidders at Of

of

delivery

of

FLORIDA
Pinellas

County (P. O.
Fla.

Offering

Ray B.

—

Green, Clerk of the Board
County Commissioners, will
ceive

sealed

(EST)

bids

Nov.

on

until

16

enue, second issue of
cates.

Interest

Dated

of
re¬

2

p.m.

the

for

chase of $53,000 3V2%

pur¬

water

rev¬

1948, certifi¬

A-O.

Oct.

1, 1948.
Due Oct. 1,
$2,000 in 1950, $1,0001951, $2,000 in 1952,. $1,000 in
1953, $2,000 in 1954 and 1955, $1,000 in 1956. $2,000 in 1957 and
1958, $1,000 in 1959, $2,000 in 196«>
to 1963, $1,000 in
1964, $2,000 in
follows:

as

in

1965

to

1973,

1970,

$3,000

in

1971

to

$2,000 in

1974,
$3,000 in
1975, and $2,000 in 1976. Principal
and interest payable at the Manu¬
facturers

City,

Trust
Co., New York
at the option of the holder

or

at the Union Trust

Co., St. Peters¬
All certificates will be op¬

burg.

tional for redemption prior to ma¬

turity

date

on

on

interest

any

after

or

payment

April

1,

1963;

cates

will

rank

will

on

parity with

a

additional Water Revenue Certifi¬
cates

now

outstanding
and
as
hereafter may be issued under the
terms and conditions of the Reso¬
lution

able solely and
ues

only from

reven-

to be derived from the
opera¬

tion of the water supply and dis¬
tribution system of the

County.

Each

bidder

accept

will

delivery
for

ment

the

be* required

and

make

certificates

h>

pay¬

in

New

York, N. Y.,
as

or at such other placemutually agreeable be¬

shall be

tween

In

the

the

bidder and the County.
that prior to the is¬

event
of

suance

the

certificates

the

in¬

therefrom to private holders
shall become taxable by the terms
come

of

Federal

any

the

Income Tax Law,

successful

bidder

will,

upon

request, be relieved of the obliga¬
tion to accept delivery and
pay
for

the

certificates

the

on

specified in such bid.

terms

The County

agrees to furnish the approving
opinion of Chapman & Cutler oi
Chicago as to the legality of the
certificates, and the bids may be

conditioned
Enclose

only

that

to

certified

a

extent.

cashier's

or

check for 1 % of the highest prin¬

cipal
the

amount
Board

of

of

bid,

payable

County

to

Commis¬

sioners.

be

or

furnished

charge.
cashier's

the

purchaser

Enclose
check

a

for

GEORGIA

Waycross,

the

successful bidder's request and at
his expense delivery will be made

O'Melveny & Myers, of Los An¬
geles, approving the .validity of
successful bidder

at

1.06%.

of his bid or as soon
the bonds are ready for deliv¬

date

The opinion of

Haven,

Dated
Oct.
26,
May 20, 1949. Lincoln
R. Young & Co., of
Hartford, next
highest bidder, named a rate at
1948 and due

acceptance

whose

delivery.

New

bank within 30 days after the

sold for cash only and for not less
than par and accrued interest to
of

of

interest.

authorizing
the
issuance
District, and shall be I thereof and as such will be pay-

Grace Wood¬

maturing in 1951 and ruff, City Controller, will receive
subject to redemp¬ sealed bids until 7.30 p.m. (Calif.
tion as of that date.
Second high DST) on Nov. 8 for the purchase
bid of 100.05 for $40,000 iy2s and of $1,500,000 not to exceed 4% in¬
$135,000 l%s, or a net interest cost terest water works bonds of 1948.

0.978%

District, upon terms of 103 on or prior to
any interest 1 April 1, 1967; 102 thereafter on or
payment date thereafter at par prior to April 1, 1971; 101 thereand
accrued
interest.
Principal after on or prior to April 1, 1975;
and interest payable at the Dis- and 100 thereafter.
Said certili-

The bonds will be sold
to the bidder
making the best bid

are

Williams,

order at the option of the
on Oct.
1, 1958, or on

and

—

awarded to Day, Stoddard &

were

Certificate

sealed

First

Clearujater),
COLORADO

District

The $300,000

—

anticipation notes of¬
20—v. 168, p. 1629—

Oct.

in

the bonds.

Buenaventura,

fered

May, 1947.

which

Offering

Sale

District tax

offering of $1,500,000 hospital con¬
struction bonds, issuance of which

Supervisors.
San

Note

a

the

payable to the Chairman Board of

Bond

CONNECTICUT

Torrington, Conn.

the

cashier's check for 3%

or

bidder shall state m his bid the trict Treasurer's office, or at the
Chase National Bank, New York
&r°ss amount of interest payable
during the life of the bonds. These City, or at the Denver National
bonds were authorized at an elec- Bank, Denver, at the holder's op¬
i tlon held on May 27, 1947. Prin¬ tion. All of the bonds shall con¬

$175,000 mu- tified copy of the abstract of the
bonds
of¬ proceedings with reference to this
168, p. 1526— issue will be furnished free of any
were awarded to the First Nation¬
cost
to
the
purchaser of these
al Trust & Savings Association, of
bonds, but no legal opinion will
San Diego, at a price of
Enclose a certified
100.017, a be furnished.
nicipal

fered

based




1946

:

bonds.

the

of

expense

ings Association of San Francisco, j
withdrew
from
the
competition,
after the price bid had reached a
|

Co., of New
Braun,

1,

Ventura County (P. O.

of America National Trust & Sav-!

Co., and Halsey, Stuart & $1,280,000 2V4S, due on Nov. 1
0., both of New York, at a price from 1961 to 1968 inclusive.
The
f 106.54, a basis of about 1.827%.
bonds are dated Nov. 1, 1948. The
he bonds are dated
Sept. 1, 1948 Bank of America National Trust &
969

Oct.

Second

National

Pleasant

Williston & Co., both of New York.

syndicate headed by the Bank

dated

Oct. 1 from 1949 to

on

inclusive.

Chase

of

A

are

of 100.556 for 2s was made

of

Long Beach, Calif.
in¬

168,

—v.

bonds

and mature

York,

ings Association, of San Francisco.

Alhambra, Calif.
The $250,000

Bond

Angeles County

composed of Blyth & Co., Inc., of
Angeles, American Trust Co.,

The

the

shall

Junior

Los

Curtis, Phelps, Fenn & Co., D.
A. Pincus & Co., R. W. Pressprich
& Co., E. H. Rollins &
Sons, L. F.
Hutzler,

cer¬

College District,
(P. O.
Los Angeles), Calif.
Bond Sale—The $700,000 build¬
ing bonds offered Oct. 19—v. 168,
p. 1526*—were awarded to a group
Los

&

&

a

cashier's check for 5% of
bid for, payable to the

or

Pasadena

Co., F. S. Moseley & Co., all of New York, W. H.
Newbold's Son & Co., of Phila¬
delphia, E. M. Newton & Co., of
Boston, Northern Trust Co., of
Chicago, Paine, Webber, Jackson

Rothschild

certified

Chairman Board of Supervisors.

New

Co., of St. Louis, Merrill
Pierce, Fenner & Beane,

Morton

Enclose

bonds

the

York,
McDonald-Moore & Co., of De¬
troit, Mercantile-Commerce Bank
&

and accrued interest to
delivery. Principal and in¬
payable
at
the
County

terest

Weeks, all of New York;
Also, Illinois Co., of Chicago,
Kean, Taylor & Co., Kidder, Peabody & Co., Lee Higginson Corp.,

of America National Trust & Sav¬

CALIFORNIA

Dated

par

date of

at

bonds

City Treasurer's office. Enclose

1, 1948. Denomination $1,000.
$1,000 Dec. 1, 1949 to 1969.

than

Co., G. C. Haas & Co.,
Hannahs, Ballin & Lee, Hemphill,
Noyes
&
Co.,
Hornblower
&

to

without

and

Nov. 1 for the purchase of $21,not
to
exceed
5%
interest

Due

Parsons &

within

to

DST)

school bonds. Interest J-D.

Graham,

$20,000 3s, due Nov. 1,
1949; $95,000 lV&s, due on Nov. 1,
1950 to 1954
inclusive; and $60,000 l%s, due on Nov. 1 from 1955

revenues

(Calif.

a.m.

The bonds will not be sold for less

Gibbons

bonds

the

B.

City Gas De¬
partment consisting of the com¬
plete gas works and utility system

payable only from the
be derived from the

10

the

City. Payment for and delivery of

York, First National Bank, of St.
Paul, First of Michigan Corp., Geo.

delivery, will
Delivery of the

bonds will be made to the

Riverside

Riverside),

Dec.

of their

considered.

until

bids

111

highest and

O.

Bond Offering—G. A. Pequenat,
County Clerk, will receive sealed

-

■awarded

District,

(P.

Calif.

Also, Shields & Co., of New
to 133, and
York, Singer, Deane & Scribner,
that
bids
will
be
received
for
of
Pittsburgh, Smith, Barney &
•either parcels one and two sepa¬
Co., of New York, Stern Bros. &
rately or for parcels one and two Co., of Kansas
City, Stone & Web¬
•combined whichever in the judg¬ ster Securities
Corp., of New York,
ment of the Mayor and Common
Thomas & Co., of Pittsburgh, Wat•Council is to the best interest of,
ling, Lerchen & Co., of Detroit,
the
City.
The
bonds
will
be
Chas. E. Weigold & Co., and J. R.
bonds

School

County

certi¬
of

2%

the face amount of the bonds, pay¬
able to the District Treasurer.

Ga.

Bond Offering—L. V. Bean, City

Manager, will receive sealed bids
until

(EST)

noon

purchase
vided

as

of

on

Nov. 3 for the

$575,000

bonds,

di¬

follows:

$170,000 2V2% school bonds.
$17,000

on

Due

July 1 from 1950 to

1959 inclusive.

180,000 2%% school bonds.

$18,000
to

on

July

1

from

Due

1960

1969 inclusive.

100,000 2V2% park and recreation
bonds.

Due

$10,000

from 1950 to

on

July 1

1959 inclusive.

-

park and recreation
Due July 1, as follows:

$12,000 from 1960 to 1964 in¬
clusive, and $13,000 from 1965

1,

and

dated July

of the bonds are

Louis.

rate

Trauernicht, of St.
77.777;7":!:.-77'::'' •'
'

Denomination
$1,000. Principal and interest pay¬
able at the First National Bank of
direct ob¬

offering of $200,000 school build¬

ligations of the City, both as to
principal
and interest,
payable
from an unlimited ad valorem tax
on all taxable property, including

ing bonds is being made by the
Mercantile-Commerce
Bank
&

The bonds are

property located in the City.
The City will bear the expense of
having the bonds printed and will
furnish
unqualified
approving

real

of Atlanta,
purchaser. The
delivered to the

will

bonds

be

within

chaser

Enclose

128.

to

check

cashier's

able to the

a

$11,500,

for

ac¬

pay¬

City.

Bonds

Buhl, Idaho

Co., Inc.

--

of $80,000

Bonds Sold—An issue

4V4% water works bonds
sold to Lansford & Co., of
Dated

1,

Aug.

has been

Chicago. nomination
annually

Trauernicht,

An issue of

—

Dated

bonds.

as

Berry,
receive

revenue
1, 1948. De¬
Due
semi¬

coupon

check for $2,500

is required.

must

Bond

Sch.

Offering—Agnes

Dated

1,
Denomination

Interest J-J.

1948.

Nov.

Due $6,000 Jan. and

$1,000.

July

1952, $7,000 Jan. and
July 1, 1953 to 1956, $8,000 Jan.
and July 1, 1957 to 1960, $9,000
Jan.
and July
1, 1961 to 1963,
1951 and

1,

7:30 p.m.

purchase

Dist.,7
Hansen,

(CST) on Oct. 27 for the
of
$35,000
building-

Dated

lows:

Nov.

1, 1948.

Due

$1,000.

$10,000 May

Nov.

The bonds

1952.

1

De¬
fol¬

$20,060

and

were

1,

authorized

in-February.

Sold

$29,000 in 1951 and 1952,
in 1953, $31,000 in 1954,
$32,000 in 1955, $33,000 in 1956,
$34,000 in 1957, $35,000 in 1958,
$36,000 in 1959, $38,000 in 1960,
$39,000 in 1961, $40,000 in 1962,
uim
3>42jO"00J?4ftivvl963.' • Bids must
state the proposed rate and pre¬
mium. The Town will furnish the
1950,

$30,000

approving opinion of Chapman &
Cutler, of Chicago. The bonds will
be delivered to the purchaser at

ho bids were

168,

—v.

received

011

$130,000 bonds

Oct. 15—v. 168, p. 1527

and July. 1, 1964. to
—were
awarded
to
the
Central
1966, $11,000 Jan.
and July 1,
1967
to
1969, $12,000 Jan. and Republic Co., of Chicago, as 2V2S,
July
at a price of 101.115, a basis of
and July 1, 1970 to 1972, $13,000 Jan. about 2.377%. Sale consisted of:
Jan. and July 1, 1973 and 1974 and
1962, $14,000 Jan. and July 1, 1975 to $60,000,District No. 1 bonds. Due
$10,000 Jan.

bonds

1978.. All

redeemable

are

the

1,

1949, or any interest payment
thereafter in their inverse

numerical order, at

plus

miums:

8%

prior

1,

after Jan.

maturity;

to

plus

in

each

are

in

$21,000

1953,

and

1952

$22,000 in 1955, $23,000
in 1956, $24,000 in 1957, $25,- 7
000
in
1958
and
1959, and 7

dated Nov.

$26,000 in 1960.;
3Yi%
public

Wilton Junction),

(P.' O.

as

1954,

improve¬

238,000

Wilton

1,

1950 and

in

in

Oct.

Due

$18,000 in 1949, $19,1951, $20,000

follows:

1, 1948.

bonds.

ment

Iowa

Oct.

Due

1,

as

$27,000 in 1961, $28,1963, $29,000

follows:

Bond Offering — J. J. Hoskins.
Town
Clerk, will receive sealed

000

bids until 1:30 p.m.

000

in

and

$33,000 in 1968.

v

1964; 2%
if
1, 1964, and

interest to the date fixed

case

All of the bonds

bonds.

ment

improve¬

public

3% %

$262,000

1968

000

1,

Jan.

before

or

redeemed

to

inclusive.

the face value

the following pre¬
if redeemed on or

1954; 6% if re¬
deemed after Jan. 1, 1954, and on
or
before Jan. 1, 1959; 4% if re¬
deemed after Jan. 1, 1959 and on
Jan.

before

1949

follows:

70,00'0 District No. 2 bonds. Due
on Nov.
1 from 1949 tb 1968

date

thereof

from

1

The

—

jected—v. 168, p. 1309—are now
being offered for public invest¬
ment by John Dane, of New Or¬
leans. The bonds are described as

inclusive/

option of the City on July

at

Nov.

on

Publicly Offered

$500,000 bonds for which the sole
bid received on Sept. 27 was re¬

Iowa

Districts,

Sale—The

Bond

(P. O. Metairie), La.

No. 4

15

Oct.

Community
Playground Dist.

Parish

Center and

Bonds

Sewer

Waterloo

offered

on

1527.

p.

$5,000,

for

Jefferson

which

for

bonds

assessment

check

tl\e Town.

purchased the $4,800 5% spe¬

cial

Enclose a cash¬
payable to

Rouge, La.

Baton

investors

Local

—

1949, $27,000 in

ier's

Iowa

Dubuque,
Bonds

have

as

1951,7 and $5,000 Jan.

1,

at an election

works

sewage

bonds.

$4,000 Jan. and July 1, 1963 to
electric light plant and
1968, $5,000 Jan. and $4,000 July
system certificates of indebtedness
1, 1969 to 1971, $5,000 Jan. and
has been purchased by Sills, MinJuly 1, 1972 and71973, $6,000 Jan.
ton & Co., of Chicago.
and July. 1, 1974 to 1976 and $7,000 Jan. 1, 1977. Bonds maturing
Joliet T owns hip High Sch. Dist.
on July 1, 1954 and thereafter are
No. 204 (P. Cf. Joliet), III.
Bond Offering — J. G. Skeel, redeemable at the option of the
Secretary of the Board of Educa¬ City on Jan. 1, 1954, or any inter¬
tion, will receive sealed and oral est payment date thereafter, on
bids until 7:30 p.m.
(CST) on 30 days' notice, in inverse numer¬
Nov. 9 for the purchase of $250,- ical order, at face value, together
000
not to
exceed 4% interest with the following premiums: 6%
coupon
building
bonds.
Dated if redeemed on Jan. 1, 1954, or
Dec.
1, 1948. Interest A-O. Due thereafter on or before July 1,
$50,000 Oct. 1, 1952 to 1956. Bonds 1958; 4% if redeemed on Jan. 1,
and interest to be made payable 1959, or thereafter on or before
at any bank where desired. Regis- July 1, 1963; 2% if redeemed on
terable as to principal only. Blank Jan. 1, 1964, or thereafter prior
bonds,
approving
opinion
of to maturity; plus in each case ac¬
Chapman & Cutler, of Chicago, crued interest to the date fixed
and delivery of executed bonds for redemption.
Registered as to
are to be furnished by the pur¬
principal only. Principal and in¬
chaser. A lowest interest rate is terest payable
at The Fountain
desired rather than a large pre- Trust Co., Covington.
Each bid

mium. Bids are limited to multiples of Y\ of 1%. A certified

R.

City Clerk-Treasurer,- will
sealed bids until 2 p.m.

revenue

$615,000

K

.

on

interest

Robb,

and $2,000

Jndep.
Iowa

nomination

Oct. 26 for the purchase
$560,000 not to exceed 31/2%

of

1, 1950 to 1952, $3,000 Jan.
July 1, 1953 to 1959, $4,000
and $3,000 July 1, 1960 to

Falls

Cedar

Due Dec. 1, as

follows: $25,000 in

IOWA

bonds.

Ind.
Offering — Charles

Bond

$1,000.
follows: $2,000 July 1,

1949; $3,000 Jan.

City.

Rushville,

works

Sept.

payable,, to

for $1,000,

the School

purchase of $218,exceed .4% interest

water

coupon

III.

Flora,

to

not

000

a

Dated

bonds.

sewerage

(CST) on

3V2% interest
Dec. 1,

exceed

to

not

000

receive

will

purchase of $500,-

Nov. 23 for the

1948. Interest J-D.

such

of Ross, McCord, Ice

check

Mrs. J. Ram-

—

Clerk,

sealed bids until 10 a.m.

tion, will receive sealed bids until

ier's

Offering

Town

saiir,

District

1, La.

No.

&

of the School City.
certified or bank cash¬

Enclose

-

Sewerage

Bastrop
Bond

Secretary of the Board of Educa¬

(CST)

Covington, Ind.
Offering—M.
L.

Bond

of St. Louis.

Certificates Sold

&

INDIANA

1948. Legality ap¬

proved by Charles &

to rate or

Ice

furnished to the successful bidder

Oct. 28 for the

Farina, III, 777777'

7

as

to 7 be
therein
amount.

McCord,

Ross,

by

the bid¬

at the expense

optional.

are

LOUISIANA

Miller of Indianapolis.

Miller, of Indianapolis, will be

&

1948 and

on

proved

The approv¬

designate.

ing opinion

City Clerk-Treasurer, will receive
sealed bids until 2 p.m. (CST) on

ILLINOIS
v

all property

upon

Daly,

&

taxes

valorem

ad

payable

District

of the

Legality approved by Charles
Trauernicht, of St. Louis.

of Boise, as 23/4S, at a
price of 100.05. Second high bid
of 100.27 for 3s was made by Blytli
&

and interest payable at
&

Co., St. Louis. These bonds,
in the opinion
of counsel, will
constitute legal and general ob¬

without limit

$100,000 sewer
bonds offered Oct. 19—v. 168, p.
1302—were awarded to Wegener

der shall

the Mercantile-Commerce Bank

from

Bond Sale—-The

bank in Jeffersonville as

F-A.

days

at

delivery

for

ready

are

five

within

will

Oct. 29 for the purchase
$20,000 not to exceed 4Yz% in¬
terest building bonds. Dated Oct.
1, 1948. Interest J-J. Denomina¬
tion $1,000. Due as follows: $1,000
July 1, 1949; $1,000 on Jan. 1 and
July 1 from 1950 to 1958 inclu¬
sive, and $1,000 Jan. 1, 1959.
In¬
terest- J-J.
Legality to be ap¬

being notified that the bonds

will

supplemental coupon of
1% from Oct. 1, 1948 to Jan. I,
1949. The bonds are dated Oct. 1,
a

carry

of

all the taxabie prop¬

on

therefor

ment

after

Trust

levied

V

collected

dated Oct. 15, 1948.
Denom.
$1,000.

are

Interest

ligations

IDAHO

(CST)

City, payable out Of
unlimited ad valorem taxes to be

incl. The bonds also

1968

to

W.

Township Trustee,

Jan. 1 from 1961

000 2%s, due on

receive sealed bids until 7:30 p.m.

direct obligation

a

of the School

Feb. 1 in 1960 and 1961.

on

the Principal

are

the election
.vote of 1,530
certified oi

at

June 15, by a

on

after

days

bonds will be

Johnson,

The

the notice of sale.

with

ance

bonds. Due $20,000

40,000 3V4%

the pur¬

These

authorized

bonds
held

10

bid.

of

ceptance

bidder

whose bid is submitted in accord¬

1957 to 1959 incl.

without cost to the

place to be designated by

qualified

highest

Indianapolis), Ind.
Bond
Offei ing — Samuel

1950 to 1960

from

Wayne School Township (P. O.

,

$55,000 2y2S,7due on Jan. 1
incl.; and $40,-

lows:

Jan. 1 from 1950 to 1966 inclusive.

single

a

2%s. The bonds are

as

July 1, 1948 and mature on

dated

$25,000 2% % bonds. Due Feb. 1,
erty within the School City. The
as
follows: $10,000 in 1950,
bonds wili be ready for delivery
and $15,000 in 1951.
within 21 days after the sale date,
135,000 3% bonds. Due Feb. 1, as
and the successful bidder shall ac¬
follows: $15,000 from 1952 to
cept delivery of and make pay¬
1956 incl., and $20,000 from

Kelley,

&

Troutman

Sibley,

Spalding,

of

opinion

dianapolis}

multiples of Yii

of interest in

the

to

of St. Louis, as follows:

Trust Co.,

name

Son; of Louisville, \the 7 only
bidder, at a price of 103, a net in¬
terest cost of about 2.49%, as fol¬

&

Indian¬

the

to

apolis Bond & Share Corp., of In¬

of 1%. The bonds will be awarded

Sparta Township High Sch. Dist.
No. Ill (P. O. Sparta), III.
Bonds Publicly Offered—Public

Atlanta.

to

Bidders

1964.

1, 1948. Interest J-J.

'

and

awarded

—were

1, 1948. Denomination

$4 000 July 1, 1949
Jan. and July 1, 1950 to 1963
$4,000 Jan. and $5,000 July 1,

by Charles &

1969 inclusive.

to

All

Oct.

on

Due

$1,000.

1958, or on any
subsequent interest payment date.
Interets A-O.
Legality approved
able

1948

Monday, October 25,

CHRONICI ,E

FINANCIAL

&

Dated Nov.

The bonds are Call¬

1961 and 1962.

125.000 2%%
bonds.

COMMERCIAL

THE

(1738)

54

(CST)

on

for the

for

redemption,
provided notice of
such redemption
shall be given
at least 30 days prior to the re¬

purchase of $70,000 electric
revenue
bonds.
Dated
Sept. 1,

1950 .to
1,

1948.

Due

1963. '

Bonds maturing on Nov.

1963 to be

$5,000 Nov.

1,

1964, $30,000 in 1965, $31,-

in

Nov. 8

1962 and

in

1966,

$32,000 in

1967,

MARYLAND

(State

Maryland

optional for redemption

of)

$37,500,000
Bridge
Revenue
publication prior to maturity on Nov. 1, 1949, Bonds Marketed—An underwrit¬
or
on
any interest payment date
newspaper or financial jourr
ing group of 84 members, headed
of general circulation pub¬ •thereafter, bonds maturing Nov.
1, 1961 and 1962 to be optional for by Alex. Brown & Sons of Balti¬

demption date by one
in

a

nal

lished

Indianapolis,

in

and

one

publication in a newspaper or fi¬
nancial: journal of general circu¬
lation
bid

be for all of the bonds and

published in Chicago. Each
for all of the bonds

must be

single rate of interest
multiples of Ys of 1%, which
the bonds are to bear. Regis-

must state a

and state

est in

in

single rate of inter¬
multiples, of Yi of 1%, and
will be made to the

a

to maturity on
any interest

redemption prior
Nov.

1952,

1,

or

payment
date
bonds maturing
1960 to be

on

and

thereafter,"
Nov.

1,

1956

to

optional for redemption

prior to maturity on Nov. 1, 1955,
or on
any interest payment date
thereafter.
All bids shall specify

public

made

more

offering

>

on

Oct. 19 of $37,500,000 State Roads
Commission bridge revenue bonds,
series of
sisted

of

and 3%

1943.

The offering

$18,500,000

con¬

2^2%, 2%%

serial bonds, due on Oct.

1952 to 1967 inclusive,
which were priced to yield from
highest qualified bidder comply¬ terable as to principal only. Prin¬
Bond
Stan¬
about 1.90% to 2.90%, according
the rate oL interest and all other
ing with the terms of sale and of¬ cipal. and interest payable at the
to
ton, City Clerk, will receive sealed
maturity,^ and $19,000,000 of
County
National
Bank, things being equal, the bid bf par
fering the lowest net interest cost •Rush
3.20% term bonds, due Oct.
l-,
bids until Oct. 28 for the purchase
and accrued interest or better spe¬
to the City, to be determined by Rushville. The approving opinion
of $200,000 general revenue bonds,
1972, which were offered to in¬
computing the total interest on all of Ross, McCord, Ice & Miller of cifying the lowest coupon rate will vestors at a price of 103.40, to
issuance of which was authorized
of the bonds to their maturities Indianapolis, together with a tran¬ be given preference. ■ These bonds
by the voters at an election on
yield about' 3 % to maturity. The
and deducting therefrom the pre¬ script
of
the
proceedings had, are not general obligation bonds bonds are further described as fol¬
Oct. 5.
mium bid, if any.
The approving relating to the issuance of said nor payable in any manner by lows:
777%77:77v7
7 ■ 7 . 7:7' ' 77'
but are payable only
Rockford Sanitary District, III.
opinion of Ross, MeCord, Ice & bonds, will be furnished to the taxation,
$1,864,000 3% Chesapeake Bay
Bond Sale—The $1,000,000 series Miller
of Indianapolis,
together purchaser at the expense of the from the net earnings of the mu¬
Bridge bonds.
Due Oct. 1, as
H sewer bonds offered Oct. 19— with a transcript of the bond pro¬ City.
No conditional bids will be nicipal electric light and power
follows: $918,000 in 1952, and
v.
168, p. 1408—were awarded to ceedings, will be furnished to the considered. If any acceptable bid plant .and distribution system of
$946,000, in 1953.
a
group
composed
of
Halsey, purchaser at the expense of the is not received at the time herein the Town. The Town will furnish

Pana, III.
Offering — Harvey

all

award

the

from

I

-

& Co., C. F.

Stuart
and

Childs & Co.,

2s, at a
price of
100.539, a basis of about 1.938%.
The bonds are dated Nov. 1, 1948

Chicago,

to

of

100.45

000

mature

on

for

Nov.

1

$500,000 JL%s, $250,-

2s, and $250,000 2V4S, a net in¬
cost of about 1.994%, was

terest

made

by

Weeden

Bank

of

Co.

Indianapolis, Ind.

as

from 1950
1968 inclusive. Second high bid

and

Sale—The

Note

000
v.

notes

168,

group

p.

issue

offered

of

Oct.

on

$200,15

period

—

composed

of Union

group

77/:,;;%777:7.:* .7
Salem, III.

Bond

Offering

—

Trust

cashier's check for $5,000,

Swartz

to the

000

not




■7 7:

to

exceed

Bonds

Not

bonds.

-

Walter A.

—v.

J-D.

"-'"i."-

,

-

v

Chesapeake Bay

Due Oct. 1, as
$974,OCO in 1954, $1,003,000 in 1955, $1,033,000 in
1956, $1,064 000'in 1957, $1,-,
096,000 in 1958, and $1,129,000

Bridge bonds.

,

I

.

follows:

in

v

1959.

7

•

7 '•

■

•

6,175,000 2%% Chesapeake Bay
Bridgebonds. DueOct.lasfol-

.

Sold—No

for

were

the

168, p. 1526.

scheduled sale
000

on

$1,163,000 in 1960, $1,198,000
$1,234 000 in 1962, $1,-

in 1961,

;

271,000 in 1963, and $1,309,000

Oct. 25 of $500,-

construction bonds—v.
1630—has been called off.

1 Y2 %

168, p.

KENTUCKY

77

.777

offered
•

on

V..

—

Oct!
o-

3%

Chesapeake

Bridge bonds.
follows. $1,348

<

Bowling

.

Bond

Bay

Due Oct. 1. as
000 in 1965, $1,-

Green, Ky.
$95,000

:

Sale—The

-

Bond Sale

in 1964.

4,162,000

389,000 in 1966, and $1,425,000
-'an 1967.
77 7; / 7/77' -7%
series
19,000,000 3.20% Chesapeake Bay
B
general refunding bonds of¬
Bridge bonds.
Due Oct. 1,
The $18,800 bonds fered Oct.-18—v. 168, p. 1630
%% 1972. %\'7r7 7
,;:>:-7 >7;:-v ;
18—v. 168, p. 1526 were awarded to J. J. B. Hilliard

School
Township (P. O. Patriot),lnd.

,

"

bids

KANSAS

Emporia School District, Kan.
Bond Sale
Postponed — The

Town of Patriot and Posey

interest

Interest

7:V'-77*::

bonds bid for.

payable

$80,000 not to
exceed 4V2% interest water works
revenue bonds offered on Oct. 14
submitted

City, Ind.

3%

6,299,000 2 Yi %

approving opinion of Chap¬
&
Cutler, of Chicago, the

purchaser to furnish the printed
bonds, and all bids must be so
conditioned; ' Enclose a certified
check for 2% of the amount of

City.

,

Co., of Chicago. Dated Oct.
1, 1948. Due $25,000 on Oct. 1 in building

man

Sharpsville, Ind.

Bonds Sold—An issue of

3V2%

the amount

the

•

$50,000 | Swartz, Secretary of the Board of
will
receive
Trustees,
municipal
electric
light School
sealed bids until 8 p!m. (CST) on
plant and system refunding reveNov. 1 for the purchase of $125,nue bonds has. been sold to J. T.

7.

during which

than

less

bid received at the
time of the advertised sale will be
considered. Enclose a certified or

Bank, Indiana Trust Co. and the
Merchants National Bank, all of

School

days,

30

for

of the highest

Co., Fletcher Trust Co., American
National Bank, Indiana National

Jeffersonville

of

bid

no

1408—was awarded to a

composed of
&
Co.,
First National Indianapolis, at IY\% interest. Due
Nov. 18, 1948.
Portland, and Detmer &
a

7

^

fixed, the sale will be continued
from day to day thereafter with¬
out further
advertisement for a

City.

Mullaney, Wells & Co., all of

-M!♦'*'

v

{*"'
1

I

ii

Volume

163

Dated Oct..
tion

Number 4745

T, 1948.Denomina¬

$1,000.,

At the option

State Roads

THE

hrook &

the" -Ferris &

or

Commission, the term-

bonds and the serial bonds
deemable in. whole on

are

gan

not earlier than

tially at
offering

Oct. 1, 1952; ini¬
price of 3% above the
price
with
declining

a

Garrett

&

Sons;
Sachs

Ginther

&

ing

a

the

over

the

.over

which will

manner

bonds

be used
after

to

all

protect the

retire, term bonds and
bonds have been
re¬

maturity.
Principal and interest payable at
the

Safe

Deposit & Trust Co. of

Baltimore.

AV

The-net

proceeds

will be used
vide

funds

structing

the

issue

by the State to
for

the

-

of

the

cost

pro¬

of

proposed

con¬

Chesa¬

funds for the
redemption

of out¬

of

Maryland Bridge
Refunding bonds and fi¬

Revenue

nancing costs.,
The

expected

to

1,

Chesapeake
above

1951,

Bay

on

will

from

point

a

Point

the eastern shore of
north
of
Matapeake

Stevensville,

struction

or

cross

on

Maryland
near

completed

Annapolis at Sandy

point

a

,

bridge, which is

be

July

before

to

:

proposed

of

the

With the

bridge,

con¬

together

Bridge,

from

York,
will

and
be

loute

New

other

able

to

travel

points

over

this

and

also

to

travel

modern

Washington,, and
points by
which by-pass

large cities between New York
or
Norfolk.
/•>..' ;

ami Riehmond
'

:'.rhe bonds will be secured
by a
Agreement
between
"the

Trust

Maryland State Roads Commission
and the

of

Baltimore National Bank,

Baltimore,

as

Trustee and will

be

payable solely out of revenues
from bridges.
Interest is exempt
from

all

under
the

Federal

existing

Act

authorizing

the

ance,

thereon,

income

bonds

are

taxes,

statutes.
and

the

for

investment

bonds-

trust

may

as

ilall
of

Hammond,
Attorney
Maryland, Robert E.

Clapp, Jr., Special Assistant
General for the

ney

Attor¬

State. Roads

"ommission, Marbury, Miller and
vans
and Venable,
Baetjer arid
oward. Baltimore, are
approving
11 legal
proceedings for the State
oad

Commission.

>,

A:

v

A

;

Syndicate Members -R In addiiop to Alex. Brown & Sons, the

ollowing are members of
erwriting group: : First

the un-

Boston

orp: Harriman Ripley & Co.,
Inc.;
mith,: Barney & Co.; Blyth &
o.. ;Ine.;
Drexel & Co.; Kidder,
eabody & Co.; Lehman Bros.;

nion Securities
Corp.; B. J. Van
gem & Co.,, Inc.; Baker, Watts

Co.; Glore, Forgan & Co., Macubin, Legg & Co.; Phelps, Fenn
Co.; R. W. Pressprich & Co.;
hields

(EST)

on

of

1948.

Dated

Nov.

1,

Denomination $1,000.
Due
$15,000 Nov. 1. 1949 to 1968. Bid
ders
in

to

name

the

rate

of interest

a

multiple of V4 of 1%. Prin¬
cipal and interest payable at the
Merchants National Bank of Bos¬

proceedings by Mitchell &
Pershing, New York, Bond Coun¬
General

noon

1948.

legal

sel.

until

receive

coupon

are

legally be de¬
security for
public
funds in Maryland. The bonds are
offered subject to approval of all

posited

bids

will

Oct. 26 for the purchase of
$300,000 gas arid electric light

exempt from all tax¬

authorized
and

sealed

interest

They

ton.
cated
the

The bonds will be authenti¬
as to
their genuineness

National

Boston.

certify
issue

Shawmut

This

that

the

has

Storey,

bank

Bank

will

legality

been

of

this

approved

by

Thorndike,

Palmer

&

Dodge, of Boston, a copy of whose
opinion will be furnished the
pur-;
chaser.
and

No

bid

accrued

for

less

than

interest will be

par
con¬

uitable Securities
all

Bros.

&

Corp.; Harris,

&

Co., Inc.;
Also ' Auchincloss,
Parker
&
dpath; Bacon, Whipple & Co.;

illiam Blair &

Son:
c.;

C.

Braun,
F.

Co.; Simon Block

made
at the National Shawmut Bank
of

Boston, against payment in Boston
Funds.
No telephone bid will be

Bosworth

&




bid

made

1953

of

by

inclusive.
100,389

the

National

lV2s

Rockland

Bond

Weston,

168,

Mass.

S.

Sale—The
bonds

sewer

Livingstone

11

re¬
a.m.

spe¬

cial assessment road

bonds. Dated
Oct. 1, 1948. One bond for
$926.72,
others $1,000 each.
Interest M-N.
Due May 1, as follows:
$4,926.72 in
1950, $5,000 in 1951 to 1954, and

storm

Oct.

1631—were

p.

R.

will

until

on

$6,000 in 1955. Rate of interest to

$45,000

offered

bids

Oct. 22 for the purchase
of $30,926.72 not to exceed
6% in¬
terest coupon District Portion

Durand, Mich.

was

Commsisioners,

sealed

(EST)

to the District Treasurer.

Seecond

for

Bank of Boston.

Bond

Offering—Helen E. Cut¬
Town Treasurer,
will
re¬

County,
Boifd

be in multiples of J/4 of
1%. Prin¬
cipal and interest payable at the
to
j County Treasurer's office.
The

18—v.

troit. The bonds

awarded

&

are

SfpuiCit^

Mich.

Sale—The

$270,000 water

supply system

revenue

and

bonds

extension

refunding

offered Oct.
18—v. 168, p. 1527—were awarded
Merrill Lynch,

to
&

Beane,

reflected

of

Pierce, Eenner
Detroit, whose bid

net

a

interest

of

cost

about 3.42%. The bonds are dated
Nov. 1, 1948 and mature on
May
1
from
1951
to
1973
incl.
The

bonds due from 1959
are

to

1973 incl.

subject to prior redemption.

exceed 2Y? 'interest counon
fe

6ltL!t

11

nation

1,

notice

1950,
at

on

in

the

able

Offering

—

Ronald

PRighes, Secretary of the Board of

Education,

will

receive

sealed

of

Trust

First

Co.,

National

tificates.

ac¬

Boston, at 0.94%
The

Bankers

Trust

Co. of
New York and the Merchants Na¬
tional Bank of Boston, in
joint ac¬

ius

a

nicipal

Saie—Tne •:$291,500
relief

bonds- offered

Nov. 1, 1948.

Rate

est

period

payable

office.

dated

are

Principal and inter¬
at the* City Clerk's

Bidders

will

be

required

certificates

Dated Sept.

1, 1948.

Interest IVI-N.

1,

Denomination $1,000.
as
follows:
$38,000

$39,000

in

$41,000

in

1950,

Due May
in
1949,.

coupon

shall

at

at

on

one

bond

only.

Bids

any

rate

one

approving
opinion of
Miller,
Canfield,
Paddock
&
Stone, of Detroit, which opinion
will
be
furnished, without ex¬
to

pense.

the

purchaser

$40,000

1952,

of

payment dates

on

May 1, 1951, at par and
accrued interest, on notice
pub¬
lished not. less than 30
days prior
to the date fixed for

redemption,

least

once

service

in

the

newspaper or
circulated in Detroit,
as a

bonds.

able to the District Treasurer.
Traverse
Bond

part of its regu¬
of

Bond Sale—The
$100,000 gen¬
eral obligation bonds offered Oct.
19—v. 168, p. 1528—were awarded

the

sale

Princinal

of

and

interest payable at the Manufac¬
National Bank, of Detroit.

Rate of interest to be in
multiples
of Yt of !%'.
The interest rate for
each coupon period on
any one

168,

Roll

bonds

sewer

p.

City, Mich.

Harold

No.

offered

1528—were

48-2

j

Dated

due
to

to

Co

0ct

$i0,000 oh Jan.

00th

v959

inclusive.

h
1

the

1948

from

SeCond

bid of 100 303 for £3/

o£

Milwaukee

was

Co.

of

and
1950

high
made

Mil-

waukee.
Golden

storm

awarded

&

Paul) 1ointlyi as. j.vos, at a
prjce 0f 100.167, a basis of about

|by
I

Oct., 18—v.

E/Wooci

st

Sale—The $34,000 Special

Assessment

a

notices

ready for delivery,

| £ ^Mannheim^-EganT

and after

at

are

Faribarlt, Minm

and

turers

as

1959; incl.

school bonds.

p.m.

Oct.

Boston,

cer¬

$423.

shall be conditioned
upon the un¬

8

mu¬

19—v. 168, p. 1631—were awarded
Coffin & Burr, of

to

extension

Denomination

qualified

until

municipal

Someroille, Mass.
Bond5

1959,

to take up and pay for the certifi¬
cates awarded to them
upon no¬
tice from the City Clerk that such

lar

premium of $10.

to

(EST) on Oct.
25 for the purchase of
$200,000
not to exceed 4% interest
couoon

bids

count, submitted the next best bid, publication
naming ar'i interest rate of 1.03%, which carries
■'

1950

All of the certificates

be in multiples of
l4.
The interest rate lor each

%.

from

Due $423 on Jan, 2 from 1950

to

interest

of 1

2

incl.
4,230 water main

Bank

Kalamazoo.

....

$982

Jan.

on

interest, plus a premium of
Principal and interest pay¬
the

.

/:

after April 1,
numerical order

value thereof and

.

J3 se^e^„e^inooCGld lcal^>Sr
Denomination $982. Due

on or

inverse

-

oon

any one or more interest

par

at

and
L.

follows*

to

payment dates

No.

Bond

$68,000 April-

1953.
Bonds maturing
1953, will be subject to
redemption on 30 days'published

1/2%.

7

p"m" (CST) on
Nov- 1 for the Purchase of $14,050
not to exceed 6% interest certifi-

rw

npi?vii

A:n

Due

Clerk' wil1 receive seal"

ed bids until 7:30

cen

1949 to

crued

Township Sch. Dist.
(P. O. Dearborn), Mich.

$1,000.

in 1951

Dearborn

National Shawmut Bank of

Co.,

& Co.; Julien
Co.; Coffin
Burr,
c.; F./W. Craigie &
Co.; Dixon
Co.; Eldredge & Co., Inc.; Esta-

to

in 1951,.
bonds prior to the
delivery/there$42,000 in ol
rhe
District
shall
furrash!
1953.
Bonds numbered
181
to
bonds ready for execution at its
Pittsfield Housing
200, being part of the bonds ma¬
Authority,
expense.
Bonds will.be deliveredturing in 1953, will be subject to
Mass.
>
at Kalamazoo, or at such other
redemption prior to maturity at
Note Sale—The issue of
$900,000
place as may be agreed upon with
the option of the
notes, first, series, offered on Oct
District, in in¬ the
purchaser
Enclose a certified
15—v. 168, p. 1527—was awarded verse numerical order, on any one
or cashier s check for
$6,800, payor more interest
to the

accepted.

Cassell

llins. &

to

sidered, and delivery will be

ic.;

Stein

1949

further

1949.

Co.;

awarded

was

high

of

interest.
Dated
Oct. 15, 1948 and due on
April 15

&

County
ceive

the

bonds will be paid by the
District.
Bonds will be delivered at De¬
troit or such other place as

may
F. S. Moseley
be
agreed
upon
with the pur¬
Co.,,of New York, as II2S; at a
chaser.
Enclose
a
certified
or
price of 100.42, a basis of about
cashier's check for
$4,000, payable
1.356%, Due $5,000 annually from

by

oyce;

Stranahan, Harris & Co.,
A. C. Allyn & Co., Inc.;

Oct.

Arbor), Mich.
Offering — Kenneth Hallenbeck, Clerk of the Board of

&

Offering—Joseph E. Lu-

City Treasurer,

cey,

issu¬

ation within the State.

funds

Bond

Under

their

on

of

Ann

Bond

—

southern

highways

of $25,000

printing

.

.

uninterrupted by ferries, to

Baltimore

Ml

England," New
northern

issue

the

Washtenaw County Road Assessment District No.
1 (P. O.

,

with .completion of
construction
of the Delaware
Memorial
traffic

Sale—The

of

and

55

'

peake Bay Bridge, together
with,
its
approaches,
and
to
provide

standing State

(1739):

Co., of De- • bonds will be awarded
to the biddated Nov* 1,! der
ting,
whose bid produces the low1948 and mature on Nov. 1 from
Hawley,
Shepard
&
Co.,
Inc.; ceive sealed bids c/o
j est net interest cost to the District
Day Trust 1949 to 1978
Rand & Co.;
incl. They are
Co., Ill Devonshire Street, Boston,
op-1 to be determined by computing
Also Reynolds &
tional.
Co.; Julius A. until noon
the total dollar value of all fu¬
(EST) on Oct. 26 for
Rippel, Inc.; Robinson-Humphrey the purchase of
ture due coupons
$800,000 coupon Jefferson Consolidated
on
the bonds
Sch. Dist.
Co.; R. C. Schmertz & Co., Inc.;
from their date to their
bonds, divided as follows:
maturity
(P. O. Route 4, Monroe),
Schmidt, Poole & Co.; Scott, Horner
and deducting therefrom
$400,COO School Loan Act of 1946
any pre¬
& Mason, Inc.; Scott &
Frenchtown Township, Mich.
Stringmium.
No proposal for the
bonds. Due Nov. 1, as follows:
pur¬
Bend Offering — Leland J.
fellow;
Seasongood
&
Mayer;
chase of less than all of the bonds
$27,000 in 1949 to 1958, and Styles,
George G. Shriver & Co. Inc.; Her¬
Secretary of the Board of or at a
price of less than 100% of
$26,000 in 1959 to 1963. These Education,
bert J. Sims &
will
receive
sealed
Co., Inc.; Singer,
their par value will be considered,
bonds
are
outside
the
debt bids until 8
Deane & Scribner; Starkweather
p.m.
(EST) on Oct., The interest rate for each
limit.
coupon
28 for the purchase
& Co.; Stroud &
Co., Inc.; Tripp
pf $200,000 period on any one bond shall be
.400,000 School Loan No. 6 bonds. not to exceed
& Co., Inc.: G. H. Walker &
3% interest coupon at one
Co.;
rate only.
These bonds are
Due Nov. 1, as follows: $28,general obligation bonds. Dated issued
Watling, Lerchen & Co.; Weeden
pursuant to Public Act No.
000 in 1949 to
1958, and $24,- Nov. 1, 1948.
& Co., Inc.;
Interest J-J.
White, Weld & Co.;
! 246 of 1931, as amended
000 in 1959 to 1963.
by Public
Due $40,000 July 1, 1949 to 1953. 1
Whiting, Weeks & Stubbs; C. T.
Act No. 141 of
1945, and pursuant
Dated Nov. 1, 1949. Denomina¬
Williams
&
Principal and interest payable at to the
Co.,
Inc.;
Wurts, tion
appropriate provisions of
$1,000. Principal and interest the Monroe State
Dulles & Co. and Yarnall & Co,
Savings Bank, I Act No. 49 of 1915, as
amended, in
payable at the Day Trust
Rate of interest to be
Co., Monroe.
anticipation of the collection of
Boston.
Bidders shall name one in
MASSACHUSETTS
multiples of y4 of 1%.
The inthe district portion of
Road Asrate
of
interest
for
the
entire terest rate for each
coupon period
Cambridge Housing Authority,
sessment District No. 1 Special As$800,000 of bonds in a multiple of shall be at one rate
only.
Bids sessment
Roll
f'.,:':A'
Mass.
No.
1
and
will
y4 of 1%, and no bid of less than shall
be
conditioned
Note Sale—The issue of
upon
the pledge the full faith and credit of
$500,000 par and accrued interest will
be unqualified
opinion
of
notes, first series, offered on Oct.
Miller,; the District for the payment of the
considered.
These bonds will be
Canfield, Paddock &
15—v. 168, p. 1527—was awarded
Stone, of principal and interest when due.
valid general
obligations of the Detroit, which opinion will be
to the Second National Bank of
Bids shall be conditioned upon the
town, and all taxable property in furnished
without charge to the; unqualified
Boston, at 0.749% interest.
Dated the
opinion
of
Miller,
town will be
subject to the purchaser
Oct.
15, 1948 and due April 15,
approving the legality Canfield. Paddock 8?. Stone, of Delevy of unlimited ad valorem taxes of
the bonds. The purchaser shall
1949. The National Shawmut Bank
troit, approving the legality of
to pay both
principal and interest. furnish bonds
of
Boston,
second
ready for execution the bonds, which opinion will be
high bidder, The bonds will be
prepared under at his expense. Bonds will
named an interest rate of 0.94%
be de- furnished without
the supervision of and authenti¬
expense to the
livered at the Monroe State Savpurchaser, prior to the delivery
cated as to genuineness
Everett, Mass.
vA-'-'U
by the Day ings Bank or such other
place as thereof. The purchaser shall furBond
Sale
The
$75,000 Trust Co., and their legality ap¬ may be
agreed upon' with the: msh bonds ready for execution at
macadam pavement bonds offered proved
by
Ropes,
Gray, A Best, purchaser.' Enclose a
certified or his own expense.
The bonds will
on Oct. 20—v.
&
168, p. 1631—were Coolidge
Rugg,
of
Boston, cashier's check fori
$4,000, pay- be delivered at the County Road
whose opinion will be furnished
awarded to the Second National
able to the District
Treasurer.
! Commissioner's office,
the purchaser.
or
such
Bank of Boston, as ll^s, at a
price
Delivery will be
y.:;; other place as may be agreed with
of 110.617, a basis of about
made at the Day Trust
1.289%
Co., against Kalamazoo and Portage
Townships the purchaser. Enclose a certified
Dated Nov.* 1, 1948 and due on payment in Boston funds. No tel¬
Fractional School District No. 6
or
cashiers check for $100,
l"ov. 1 from 1949 to 1953 incl
payephone bids will be received.
IP. O. Kalamazoo), Mich.
able to the
County Treasurer.
Second high bid of 100.60 for iy»s
Bond Offering — L o r e n
M.
MICHIGAN
was
made
by
the
Middlesex
MINNESOTA
Phelps. Secretary of the Board of
County National Bank, of Everett.
Beecher Metropolitan District
Education, will receive sealed bids
Alexandria, Minn.
■(P. O. Flint), Genesee
Certificate Offering^—Carl Erick0/1;.%.'' Holyohe, Mass.

term

retired serial bonds would be
tired in inverse order of

Note

15

Co.; W. H. Newbold's Son &
Co.; Pacific Northwest Co.; Paine,
Webber, Jackson & Curtis; Piper,
Jafiray
&
Kopwood;
Prescott,

offering yield to the
investor.
Moneys in the Sinking Fund will

ion

water mains notes offered

&

in

CHRONICLE

Stoneham, Mass.

life

life of the

FINANCIAL

a

olower- &

Weeks;. W. E. Hutton &
of the issue; Co.; Laird &
Co.; Laird, Bissell &
Both the term and serial
bonds Meeds;
\V\
are
also redeemable in
whole ol¬
Also,»Lee Higginson Corp.; Mar¬
io part, on
any interest date not tin, Burns &
Corbett, Inc.; Laur¬
earlier
than
Oct, 1,
1952, from ence M. Marks & Co.; Masonmoneys iri the Revenue'Projects Hagan.
Inc.;
McDonald
&
Co.;
Interest
and
Sinking Fund at Mead. Miller & Co.; Merrill Lynch,
prices initially equivalent to the
Pierce, Fenner & Beane; Moore,
offering yields, the prices declin¬ Leonard &
Lynch; F. S. Moseley
prices

&

price of 100.032; a basis! bond shall be at one rate
only.
of about
1.23%. The bonds are Bids shall be conditioned
upon
dated Oct. 1, 1948 and mature on the
unqualified opinion of Berry.
0<5t. 1 from 1949 to 1952 incl. Sec¬
Stevens, Barber & Evely, of De¬
ond high bid of par for iy4s was
troit, approving the legality of the
made by Lee Higginson
Corp.
bonds. The cost of said legal
opin¬

li/4s, at

Co.; Goldman,
& Co.; Ira
Haupt & Co.; Hayden, Miller &
Co.; J. J. B. Hillard & Son; Horn-,

date

any

Co.; Fahey, Clark & Co.;
Go.,-Inc.; First of Michi¬

Corp.;Folger, Nolan, Inc.; Rob¬

ert

re¬

COMMERCIAL

Certificate

Valley,
Offering

Minn,

v

Bert

—

D.

Putnam, Village Clerk, will re| ceive sealed and auction bids until
[

Paine, Webber, Jackson & Curtis. 7.30 p.m. (CST) on Oct. 26 for the
of Chicago, as I Y2S, at a price of'
purchase of $11,500 not to exceed
100.272, a basis of about 1.395%. 5% interest water main certificate
The

bonds

and

mature

to

1952

are

incl.

on

dated Sept. 9,

high bid of

100.152 for IV2S was made

First

of

1948

Sept. 9 from 1949

Second

Michigan

Corp.

by the

of

indebtedness.

1948.
one

Interest J-J.

for $500.

Dated

Nov.

Denom.

1,

$1,000,

Due Jan. 1, as fol¬
lows: $1,500 in 1950, and $2,000 in
1951 to 1955.
Certificates matur-

1957; $90,000 Feb. 1 and $50,1,
1948.
Denomination
$1,000.
subject to pre¬
Due Nov. 1, as follows: $3,000 in
/ 000
Aug.
1,
1958;
$75,000
payment at the option of the Vil¬
Feb. 1 and Aug. 1, 1959; $75,1950 to I960, and $2,000 in 1961.
lage on Jan. 1, 1951, and 'semi¬
000 Feb. 1 and $100,000 Aug. 1,
All
bonds maturing on Nov.
1,
annually thereafter. Principal and
1960, and $100,000 on Feb. 1,
1955, and thereafter, to be subject
interest payable at any suitable
1961.
to redemption on Nov.
1, 1954,
banking institution in the State.
and
Associated
with John Nuveen
any
interest payment date
The Village will furnish the print¬
thereafter, at par and accrued in¬ & Co., in the purchase were: A. C.
ed and executed certificates and
terest. Principal and interest pay¬
Allyn & Co., B. J. Van Ingen &
the
approving legal opinion of
able at any suitable bank or trust Co., Stranahan, Harris & Co., Inc.,
Dorsey, Colman, Barker, Scott &
Bos worth
&
Co., Inc.,
Barber, of Minneapolis, both with¬ company designated by the suc¬ Braun,
ing in 1955 will be

the purchaser, and de¬

out cost to

Warren),

(P. O.

at the

Minn.

drain¬

$55,000

interest cost

specified from date of
maturity, less any pre-

rate
to

ssue

Sale—The

Bond

basis of total

the

Kingsbury &

Cross,

mimum offered. These bonds were

nomination $1,000.
Due Oct. 1, as
District follows: $40,000 in 1950 to 1954,
(P. O. Cozad), Neb.
$45,000 in 1955, $50,000 in 1956 to
Bond Offering—Robert R. Good,
1960, and $6,0.000 in 1961 to 1968.
District
Secretary,
will receive
Principal and interest payable at
sealed bids until 3 p.m. (CST) on
the City National Bank and Trust
Oct. 30 for the purchase of $150,Co. of Salem.
Each proposal must
000
not
to
exceed
6%
interest
specify in a multiple of % or 1/20
drainage bonds.
Dated July 1, of
1%
a
single rate of interest
1948. Denom. $1,000. Due $10,000
which the bonds are to bear and
on
July 1, from 1953 to 1967 in¬
no
proposal will be considered
clusive.
Interest J-J. Optional on
which specifies a rate higher than
July 1, 1953, or on any subsequent
the lowest rate stated in any le¬

on Oct. authorized at an election held on Zahner Co., M. B. Vick & Co.,
awarded Sept. 25.<
The approving, legal Walter, Woody & Heimerdinger,
to Paine, Webber, Jackson & Cur¬
opinion of Faegre & Benson, of Weil, Hoth & Irving Co., Newhard,
tis, of Chicago, as 1.80s, at a price Minneapolis, as well as the printed Cook & Co., Stifel, Nicolaus & Co.
of 100.054, a basis of about 1.787%.
oonds will be furnished without and Cady & Co.
Dated Oct. 1, 1948 and due on Jan.
cost
to the
purchaser.
In the
The entire $5,000,000 bonds are
age repair bonds offered
14—v. 168, p.; 1528—were

1950 to 1957 inclusive. Sec¬

1 from

ond

bid

high

opinion of counsel these bonds are
direct and general obligations of
die Village, and the full faith,
credit and taxing power will be

100.27 for 2.10s
Dain & Co., of

of

made by J. M.

was

Minneapolis.
St.

after the sale, or

ell, City Comptroller, will receive
sealed bids until 10 a.m. (CST) on

bonds, divided as fol¬

000 coupon

ier's check

lows:

in

in
1971;
$81,000 in
1973; $84,000
1974; $87,000 in 1975; $89,000 in 1976; $91,000 in 1977,
1972; $83,000 in

in

$93,000 in 1978;

tion held

on

These are
at elec¬

Sept. 14.

in 1951.

Denomina¬

1, 1948.

bonds

tion $1,000.
in

Bids may be submitted
multiples Of 1/10 or'% of 1%.
Bonds

afe

sioner of Finance, or at the

«'•

pay¬

Bonds

postage.

Aug.

Paul,

St.

of

sale and all bids must be uncondi¬

Under and by terms of the

Ordinance

faith

.

and

Resolution,

credit

and

irrevocably

of

pledged

$950,000

the

Bonds

will

city

are

pay

the

furnished

be

bonds.

by

the

!n

& Co.,

purchase were the follow¬

& Co., J. S. Love
Co., Leland Speed Co., Francis J.
iu Pont
& Co., Coffin & Burr,

ing:

Detmer

& Co.,

[nc., Courts & Co.. Thomas

to

of

1, 1971.

Lyons & Shafto, Inc., Newburger,
Loeb & Co.. Shelby Cullom Davis

the

issues

above

Feb.

on

Associated with Ira Haupt

the

principal and interest, at maturity,
on

$175,000 Feb. 1,

and

1969; and $1,475,000 3.10s, due
$175,000 Aug. 1, 1969; $175,000
Feb. 1 and Aug. 1, 1970, and

nished with these bonds at time of

tional.

1965 in¬

$175,000 on Feb. 1
1, 1966 to 1968 in¬

clusive,

fur¬

be

1 from 1962 to

and Aug.

exempt
approving

will

follows:..;$100,000

as

.

clusive;

opinion of Wood, King & Dawson,
of New
York
City, and W. L.
Ulvin,

4)

2%s, due Aug. 1, 1961; $2,425,000 3s, due $150,000 Feb. 1 and

are

The

taxation.

itrom

syndicate

a

Haupt & Co.,

3.036%,

.

Fiscal

Agency of the city, in New York
City. The bonds to be issued in
coupon
form, but may be ex¬
changed fo.r registered bonds both
as to
principal and interest, at a
cost
of
$1 per registered bond,
plus

to

by Ira

Commis¬

able at the office of the

j
headed I
of New i
No.

the

Inc.

O.

bid, payable to the city.

of bonds

Shakopee, Minn.
Bond and Certificate Offering—
The City

Clerk will receive sealed

bids until 8 p.m. (CST) on Nov.
for the

4

purchase of the following:

$60,000

certificates

water

of

bardo. Inc.

proposal must
state the
All of the bonds are dated Nov/
bid for the bonds, which
Interest M-N.
Denom/
shall be not less than $51,000' nor 1, 1948.
more
than $52,000.
As between ination $1,000. The combined ma
legally acceptable proposals spec¬ turities, with payments due an;
ifying a zero rate of interest, the nually on Nov. 1, are as follows
bonds will be sold to the bidder $19,000 in 1949, $21,000 in 195C
complying with the terms of sale $20,000 in 1951, $25,000 in 1952 t
and
offering to accept for the 1957. $15,000 in 1958, and $5,00
Principal an-,
amount bid, the least amount of in 1959 and 1960.
amount

bonds were awarded to a syn-

in¬

bonds.
Dated

Nov.

improvement

price

.

of

follows:

Jan. 1 from 1950 to 1960, incl.

Co.

of

by John NuChicago, at a

100.0029,

a

net in¬

,

$110,000

33/4s,

due

$15,000 Aug. 1/ 1953; $25,000
Feb. 1 and $30,000 Aug. 1,
1954; and $40,000 Feb. 1, 1955;

,

Offering—A.




4,

payable at the First Pat

interest

National Bank & Trust Co

erson

or at the option of thj
then holder, at the Bankers Trust C<>.
Each propose!
pay New York City.
price.
In must specify in a multiple of ij'

Paterson,

cept the same least amount,
to
the
bidder offering
to

election on

at

authorized

was

an

the

therefor

highest

prior

bonds,

the

of

livery

11.

Sept.

that

event

the

r

,

,

Nevada

Offering

Bond

—

Scott

County Clerk, will receive
sealed bids until 10 a.m. (PST) on
Oct. 25 for the purchase of $172,500 not to exceed 5% interest air¬

Reid,

port

Oct.

Dated

bonds.

will

bidder

1, 1947.

purchase

said

The bonds shall be
the bidder making -the best

bonds at par.
sold to

bid,

subject

Board
to

of

reject

advertise.

the right of the
Commissioners
and all bids and re-

to

County
any

bonds
and
interest, nor shall any
or
commission be- al¬
None

of

such

shall be sold at less than par
accrued

discount
lowed

or

paid

on

Enclose a certified or

ship.

Helen

If
Village Clerk, will receive sealed // and $890,000>2V2s, due $50,000 thee? he two pr,; more equal bids,
wLAug..!, 1955; $5$,0ft0 Feb,,*! anft ^uch bids are the best bids
bids until noon (CST) on Oct. 28
and $65,000 Aug. 1, 1956;,$75r i(reqeiyqd, and not less than.par and
for the purchase of $35,000 coupon
Board of
.000 Feb. 1 and $80,000 Aug. I, -UC^wed, interest,? the
water works bonds.
Dated Nov.
.Bond

,

&

terest cost of about 2.584%, as

1, 1948, and due on

Welcome, Minn.
■
„
H. Martens,

headed

dicate
veen

permanent

1)

bonds to be accepted

the

bonds,

being those first maturing, and if
two or more bidders offer to ac¬

'

debtedness.

50,000

No.

L.

to the de¬ or 1/20 of 1% a single rate <j;
the income interest which the bonds are t.
received bv private holders from bear, and no proposal wpl be cor
'Libby School District (P. O, <
sidered
bonds of the same'type and Char¬
which specifies a raj
' Libby), Mont.
>
acter
shall1' be ''taxable
by ; the higher, than the lowest rate, state
Boiid Offering
Alice Winfrey, terrhs of any Federal income tax in any legally acceptable propose
District Clerk, will receive sealed law, the successful bidder may, at Each
proposal
must state tip
bids until Nov. 15 for the purchase his election, be relieved of his ob¬ amount bid for the bonds, whi(
of $265,000 not to exceed 6% in¬ ligations
under the contract to shall not be less than $235,000 n<p
terest
bonds, /including $165,000 purchase the bonds and in such more than $236,000. The succes
grade building and $100,000 audi¬ case the deposit accompanying his ful bidder will be furnished wi
torium
construction. The bonds bid will be returned. The success¬ the opinion of Hawkins, Delafie
were authorized at an election on
ful bidder will be furnished with & Wood, of New York City, th
Oct. 2.
the opinion of Hawkins, Delafield the bonds are valid and legal:
& Wood, of New York City, that binding obligations of the Cit
NEBRASKA
a
certified or cashie:
the bonds are valid and legally Enclose
Clark County (Pr O. Las Vegas), binding obligations of the town¬ check for $4,700, payable to t
issue

The

the

(Combination

$1,000,000

Howard

Clerk of the Board of
Financd, will receive sealed bids
until
11:15 a.m.
(EST) on Oct.
28 for the purchase of $235,000
not to exceed 6% interest coupon

Bristow,

Each

.

city, but delivery shall be at pur¬
chaser's expense. Enclose a certi¬
fied check for 2% of the amount

N. J*
—.

One bond or registered bonds, divided as.
$6,000, others $15,000 each. It follows:
the said
$55,000 series A sewer bonds.
bonds shall bear interest at the
15,000 series B sewer bonds.
rate of zero per cent, that is to
24,000 series C sewer bonds.
say, shall be payable without in¬
137,000
street
improvement
terest. Registerable as to principal
bonds, series of 1948.
only, and will be payable at the
4,000 sewer assessment bonds.
Rahway National Bank, Rahway.
second series of 1948,

B.

J.

Pater son,

Offering

Bond

for

Denominations $1,000 • and
$500.
Fitzgerald & Interest A-O. Due Oct. 1, as fol¬
Hanauer & Co., lows: $7,500 in 1949 to 1966, and
Pohl & Co., Inc., Jones B. Shannon
$37,500 in 1967. Bidders for the
& Co., Herbert J. Sims & Co., Inc.,
purchase of the bonds, or any part
Van Lahr, Doll & Isphording, Inc.,
of said bonds, are to submit a bid
Blewer, Heitner & Glynn, C. F.
specifying (a) the lowest rate of
Cassell & Co., Inc., Paul Frederick
interest
and
premium,
if any,
& Co., Shaughnessy & Co., Inc.,
above par, at which such bidder
L. W. Simon Co., Walter Stokes &
will purchase said bonds, or (b)
Co., and Stubbs, Smith & Lom- the lowest rate of interest at which

Co.,

Oct. 28 for the purchase

$15,000 from 1949 to 1951,

follows:

Co.,

Co., Ellis &

&

p.m.

$51,000 registered sewer bonds.
Dated Nov. 1, 1948. Due Nov. 1, as

Perryville ), Mo.
Bond Sale—The $350,000 public

York,' at a price of 100.052, a ;
net
interestcost
of about

I

:

Each Issue of bonds must bear one

rat^'of interest.1

on

8

of

to

(Combination

14,000.000
Nov.

(EST)

until

bids

sealed

j

Public Welfare, not ex¬
ceeding 5% bonds. Due Nov.
1, as follows: $98,000 in 1949;
$100 000 in 1950, and $102,000

300,000

Dated

ceive

payable to the Board

of Education.

G.

Township Clerk, will re¬

Roach,

bonds j
the hospital bonds offered on Oct. 18
Equitable
Securities
Corp., of v. 168, p. 1528—were awarded to a
Nashville.
group composed of the Commerce
Trust Co., George K. Baum & Co.,
Lauderdale County (P. O.
both
of
Kansas
City, and the
Ripley), Miss.
Bankers Bond and Security Co. of
Bond Offering — J. R. Lewis.;
St. Louis, as follows: $310,000 214s,
County Judge, will offer at public i
due on Feb. 1 from 1949 to 1966
auction at 1 p.m. (CST) on Nov
inclusive, and $40,000 2%s, due on
16, an issue of $50,000 not to ex- j
Oct. 1; 1967 and 1968. The bonds
ceed
4%
interest school bonds, j
are dated Nov. 1,1948.
Dated Dec. 1, 1948. Denom. $1,000. j
Due $10,000 on Dec. 1 from 1949 j
MONTANA
to 1953 inclusive. Interest J-D.
{
Chouteau County High Sch. Dist.
Mississippi (State of )
No. 2 (P.O. Big Sandy), Mont.
Bond Sale-The $5,000,000 highBond Offering — The Superin¬
.vay revenue
bonds, 15th series
tendent of Schools
will receive
offered on Oct. 20—v. 168, p. 1631 j sealed bids until Dec. 3 for the
—were awarded
as follows:
purchase of $75,000 building bonds.

$80,000

bonds authorized

Bond

check

certified or cashier's

a

for $19,500,

incl., and $6,000 in 1952.

Perry County (P.

awarded

close

.

Township (P. O.
Rahway), N. J.
Offering — Lawrence

Clark

has been determined that

of $200,000 i

improvement
on
Oct. 18

road

rural

1967; $73,000 in 1968; $75,in 1969; $77,000 in 1970;

the

each year
or
fraction thereof elapsing be¬
tween the redemption diate and
the stated maturity date of the

Miss.

was

than

less

1,

Co., New York

MISSOURI

Bond Sale—An issue

not

call for redemption than $976,000.
The successful bidder will be fur¬
1948, of $58,000 term
bonds, dated Dec. 1, 1946, due nished with the opinion of Haw¬
Dec. 1,
1972, and bearing- 3V2% kins, Delafield & Wood, of New
York ; City,
interest to June 1, 1949, and 2%%
that the bonds are
thereafter.
Bonds
will
be
re¬ valid and legally binding obliga¬
tions of the Board of Education.
deemed at the Asbury Park and
Ocean Grove Bank, Asbury Park, These bonds were authorized at
or
at the Marine Midland Trust the election held on Aug. 4. En¬
Dec.

on

Kosciusko),

(P. O.

which shall be
$975,000 nor more

bid for the bonds,

the

nounces

bond.

000

and

Bond Call—The

MISSISSIPPI
Attala County

gally acceptable proposal. Each
proposal must state the amount

Asbury Park, N. J.
City Clerk an¬

*

deemed of 14 of 1% for

payable to

date.

NEW JERSEY

accrued interest plus a
premium as to each bond so re¬

ex¬

Due Nov.
1, as follows: $45,000 in 1949;
$46,000
in
1950; $48,000 in
1951; $49,000 in 1952; $50,000
in 1953; $51,000 in 1954; $53,000 in 1955; $54,000 in 1956;
$55,000 in
1957; $56,000 in
1958; $58,000 in 1959; $60,000
in 1960; $61,000 in 1961; $63,000 in 1962; $64,000 in 1963;
$66,000 in 1964;
$68,000 in
1965: $69,000 in 1966; $71,000
bonds.

ceeding 4%

for $1,000,

interest payment

and

par

4

No.

maturity to be selected by lot,
on
Feb. 1, 1958, and on any in¬
terest payment date thereafter, at

thereafter at the

County Drainage

Dawson

any

the Village.

not

works,

water

.$2,000,000

are

option of the purchaser. No bids
for less than par will be consid¬
ered.
Enclose a certified or cash¬

purchase of $2,300,-

Nov. 4 for the

Aug. 1, 1948.
The bonds
optional in inverse order of
maturities, with the bonds within

dated

aledged to their payment.
De¬
livery of the bonds within 30 days

Paul, Minn.

Offering—Joseph J. Mitch¬

Bond

of

certified check for 5%

a

(EST) on Nov. 1 for the purchase
$125,000 not to exceed 3% in¬
building
bonds.
Interest
J-D.
Dated Oct.
1, 1948.
De¬

of

terest

the amount of the bid.

Alvis,

Bids will be compared

terest cost.

&

which bid shall be

Lewis & Co. Barcus, Kin¬
dred &
Co., Donald MacKinnon
& Co., Stern Bros. & Co., C. F.
Childs & Co., Fahey, Clark & Co.,
Mullaney, Wells & Co., RobinsonHumphrey Co., Herman Bensdorf
& Co., Harrington & Co., Kalman
&
Co., Magnus & Co., Peters,
Writer
&
Christensen,
Soden-

a

>n

County

Roosevelt

single rate of interest in a
multiple of V4 or 1/10 of .1%. The
oonds will be awarded to the bidier who offers the lowest net in¬

for

$230, payable to the Village, is re¬
quired.
Marshall

Bidders must bid

bidder.

cessful

livery will be made within 30
days after acceptance of bids.
A
certified
or
cashier's check for

shall
determine
accepted. En¬

Commissioners
close

1948

Monday, October 25,

CHRONICLE

FINANCIAL

&

COMMERCIAL

THE

(1740)

5G

such bonds.

ier's

check for

-

kM u

City.
Pleasantville, N. J.

the township.

Jersey City, N. J.
Bond Sale—The $525,000

$33,000

sew

assessment and sew
extension bonds offered Oct. 18
extension

school
163,

offered on Oct. 18—v.

bonds

Sale—The

Bond

v.

168,

1529—were award
& Co., of Newa:

p.

1529—were awarded to a group
composed of Harriman Ripley &

to J. B. Hanauer

Smith, Barney &
Co.,
New York; Van
Deventer Bros., of NeWark, and
Boland, Saffin & Co., of New
York, as 2.65s, at a price of 100.117, a basis of about 2.638%. Sale

basis of about 2.88%.

p.

Co.,

Inc., and
both of

as

1,

at

2.90s,

1948 and due on Nov. T fr
Second high 1
100.139 for 314s was made

Saffin

Boland,

B bonds. Due on
1978 incl.

350,000 series

All of the bonds are

1, 1948. Second

$523,000
by

B. J. Van

&

Miller

a

MacBride,
Co., and M. B. Vick &
: v

.•

Bond

Neck

Penn's

District

Township
(P.

O.

Pennsville), N. J.
Offering

—

Robert R.

District Clerk/will re¬
ceive sealed bids until 7:30 p.m

Dunn, Sr.,
.*•*.£

•

' J:

■

-

(P. O. West'
New

high bid of 100.409

bonds as 2.70s was
composed of

Ingen & Co.,

School

No. 4

dated Oct.

group

Co.
Lower

Co.,

of

N

Ashford, Ellicottville, Machic
Franklinville, Yorkshire and
East Otto Central Sch. Dist

Oct. 1 from 1949 to

made

&

York.

NEW YORK

$175,000 series A bonds. Due on
Oct. 1 from 1949 to 1983 incl.

for

price of 100.07,
Dated N<

a

1949 to 1955 incl.

of

considered of:

;

•>,J. ,.rO

cash¬

$1,020, payable to

v

Bond

Sale

struction
19—v.
to

the

—

bonds

Vallej),

York

The $60,000 cj

offered

on

(

168, p. 1632—Were, awar
Citizens National /Bank!

Springfield, as 214 s, at a price
100.25, a basis of about 2.2!
Dated Nov; 1, 1948 and duel
Nov.
1 from 1948 to 1963 i
Second high bid of 100.152
2.40s

was

made

by

Roosevelt

and Tilney & Co.,
York, jointly.

Cross,
New

botl

Volume

168

Number

4745

Batavia Union Free School District
No.

2

Floral Park, N.

(P. O. Batavia), N. Y.

Bond Sale—The

bonds offered

$115,000 school
Oct.

on

19—v.

168,

COMMERCIAL

THE

Village

Treasurer,

sealed

bids

will

until

2

FINANCIAL

CHRONICLE

The underwriters made public
reoffering of the bonds as fol¬
4y2s, due 1951 to 1958, at
prices to yield from 1.50% to
2.65%, according to maturity; 3s,

Y.

Bond Offering—Charles J. Hartman,
ceive

&

lows:

re¬
p.m.

1632—were awarded to George (EST) on Oct. 28 for the purchase
B. Gibbons & Co., Inc., of New of $60,000 not to exceed 5% inter¬ due 1959 to
1967, from 2.65% to
York, as Was, at a price of 100.- est coupon or registered general 2.95%; 31/4S, due 1968 to 1983
incl.,
074,
a
basis of about
1.226%. improvement bonds of 1948. Dated from 3% to 3.20%; and the 3s
Dated Nov. 1, 1948 and due on June 1, 1948. Denomination
$1,000. maturing from 1984 to 1988 were
Nov. 1 from 1949 to 1953 incl. Due June 1, as follows:
$10,000 in offered at a dollar price of 95.50.
Second high bid of 100.107 for 1949; $11,000,
Bonds
1950; $12,000, 1951;
maturing on or after
1.30s was made by Bacon, Steven¬ $13,000
in 1952, and $14,000 in Nov. 1, 1959 are redeemable prior
son & Co., of New York.
1953. Principal and interest
(J-D) to maturity at the option of the
payable at the First National Bank Authority on Nov. 1, 1958, or on
Broadalbin, Mayfield, Perth and
& Trust Co., Floral Park.
A certi¬ any interest payment date there¬
Providence Central Sch. Dist.
fied check for $1,200, payable to after, as a
whole, or in part in the
No. 1 (P. O. Broadalbin),
order of the Village, is
required. inverse order of their numbers, at
New York
a
redemption price of par and
Bond Offering—Grace B. Shat- Legality to be approved by Van¬
dewater, Sykes & Heckler, of New accrued interest to date of re¬
tuck, District Clerk, will receive
York.
demption plus a premium of 4% of
sealed bids until 3 p.m. (EST) on
p.

Nov. 3 for the purchase of $30,000
not to exceed 4% interest coupon

registered

or

bus

bonds.

garage

Dated Nov. 1, 1948. Interest M-N.
Due $3,000 Nov. 1, 1949 to 1958.

Hoosick

Falls, N. Y.
Bond Sale—The $15,000
public
improvement bonds offered on
Oct.

15

Rate of interest to be in multiples

Co.,

of

at

V4

the

1/10 of 1%, and must be

or

for

same

all

of

the

bonds.

Principal and interest payable at
Broadalbin Bank, Broadalbin,.

the

New

with

bonds

York

will

be

exchange.

valid

The

and

legally
binding general obligations of the
district, all the taxable real prop¬
erty within which will be subject
levy of ad valorem taxes to
the bonds and interest theren, without limitation as to rate
r amount.
1: ^"W'7-V"/:'./■
■

Camillas, N.

and

Bond Offering

illage

—

Ernest Smith,

Treasurer,

will
receive
ealed bids until 2 p.m. (EST) on
ct. 26 for the

interest coupon

registered

municipal, building
onds of 1948. Dated Oct. 15, 1948.
enomination $1,000. Due Oct. 15,
s
follows: $3,000 from
1949 to
958
inclusive, and $2,000 from
r

959

to

1968

inclusive.

Bidder to

Hoosick
Lake

from

1,

1948

1949

high bid of
made

was

National

to
par

by
the
Bank, of

Falls.

Huntington Sewer District

Bond Sale—The issue of

bonds

sewer

Oct.
&

15

of

1948

$12,000

offered

on

awarded to Roosevelt

was

Cross, of New York, as 2.40s,
a
price of 100.241, a basis of

about 2.358%.

Newburgh Common School
No.

1

Bond

Sale

the

$10,000

offered

&

1.60s,

Oct.

Trust
at

New

to

1953

of

their

on

a

value

par

be¬

or

premium
if

re¬

Principal and
semi-annual interest, May 1 and
Nov. 1, payable at the principal
office of The National City Bank
of New York.
Coupon bonds in
denomination of $1,000, registerable as to principal only or as to
both principal and interest with
privilege
of
reconversion
into
bonds

coupon

the

at

the holder. In the

expense

of

opinion of bond

counsel, the bonds together with
the

interest

thereon, are exempt
by the United
States by the existing provisions
of the United States
Housing Act
from

all

taxation

of

1937, as amended and supple¬
mented, and the Internal Revenue
the

are

the

State

political
der

United
States, as
supplemented, and

exempt from
of

all

New

taxation

York

or

by
any

City Housing Authority,
New

r

York

North

New

Laws

York.

of

Legal

the

State

of

Investment

in

Wm.

E.

Tonawanda

Pollock

Union

School District No.

1

Clerk,

receive

at

the

North
name

State

Tonawanda.

Bidder

1/10

of

1%.'

A

certified

for

$8,000, payable to
District, is required.
be

approved

Legality

high

bid
by

of

100.11

for

Roosevelt &

ond Sale—The $30,000 general

bonds

offered

&

Van

Etten

Central Sch. Dist. No.

*

1

(P, O. Odessa) N. Y.
ond

Sale—The

issue

construction

14

.

bonds

awarded

was

of

^

$410,-

offered

to'a

1959
1960

3

1961

3

1962

group

ice of

100.189,

4%. The bonds

a

bonds of

1948.

Interest

"

Ingen & Co. Inc.;

31/4

1969

31/4

1970

31/4

1971

Also, White, Weld & Co.; Bacon,
Co.; A. G. Becker &
Cd., Incorporated; Braun, Bos-

848,000
875,000
904,000
933,000

3%

1972

worth

31/4

1973

tral

3V4

.1974

3

;

.

1965

1966

31/4

1975
1976

31/4

1977

31/4

1978

2V2S, at

1,061,000

31/4

1979

basis of .about

1,095,000

31/4

1980

31/4

1981

31/4

1982

48. Denomination

dated Nov.

$1,000. Due

from 1949 to 1977 incluSecond high bid of 100.77 for

ay 1
.

made by a group comd of J. G. White &
Co., Sherwas

d &
o.

Co., and Newburger, Loeb
.

7




1,131,000

1,167,000
1,205,000
1,245,000
1,282,000
1,321,000
1,360,000

1,401,000

•

1983

31/4

.

3

?

;

'

1984

'

.

3

.

1985

.

3
'

3

3

1986
•;

(i

1987

1988

Saratoga

& Co., Incorporated; Cen¬
Republic
Company
Incor¬
porated; C. F. Childs & Company,

Incorporated; Coffin & Burr, In¬
corporated; Eldredge & Co., In¬
corporated
First
of
Michigan
Corporation; Geo. B. Gibbons &
Company,
Incorporated;
Hallgarten
&
Co.;
Harris, Hall &
Company, Incorporated; Hemphill,
Noyes
&
Co.; ' Hornblower,-t&
Weeks;,
*
;
>
row.
\
„

O.

New

Schuylerville),
York

ceive

sealed

bids

2

p.m.

(EST)
of

on Oct. 26 for the purcha§e
$18,000 not to exceed 5%' inter¬
registered construc¬

est coupon or

tion

bonds.

Dated

of

100.235

by

the

for

Marine

District

No.

Westmoreland)
—

N.
$8,700

The

bonds offered

Oct.

1

Y.
con¬

15—

168, p. 1410—were awarded to
Hayes
National
Bank,
of
Clinton, as 2.30s. Dated Oct. 1,
due

Oct.

on

1

from 194J)

incl.

1953

NORTH CAROLINA
vv../''.

Greenville, N.

C.

Bond

Offering—W.

E.

;

•

Easter-

ling, Secretary of the Local Gov¬
ernment

sealed

Commission, will receive

bids

on-Oct.

until

26

for

11

the

a.m.
(EST)
purchase of

$806.000 not to exceed 6% interest

bonds, divided

coupon

as

follows:

$360,000 electric light bonds. Due
May 1, as follows: $6,000 in
1951 to 1955, $9,000 in 1956 to

1960,

and

$15,000 in

1961

to

1979.

294,000 water bonds. Due May 1,
as
follows: $4,000 in 1951 to
;
1-961, $5,000 in 1962 and 4963,
and $10,000 in 1964 to ,1987.

.

152,000
Due

sanitary
sewer
bonds.
May 1, as follows: $2,000

in 1951 to 1957, $3,000 in 1958
to 1963, and $5,000 in 1964 to
•

1987.

•

,

Dated Nov. 1, 1948.

.

Denomina¬

tion

$1,000. Principal and interest
in New York City.'. A
separate bid for each issue (not

payable

less than par and accrued interest)
is required. Bidders are requested

to

name

the interest rate

or rates,
V4 of 1%; each bid
may name one rate for part of the
bonds of any issue
(having the
earliest maturities)
and anothev

in multiples of

rate

until

bonds

1967 incl.

the

M-N.

Offering—Joseph L. Turcotte, Town Supervisor, will re¬

bid

made

Sale

struction

Bond

or

bid

no

rates for the
may

name

balance, but

more

than four

rates for any issue, and each bid¬
der must specify in his bid the
amount

of

bonds

of

each

rate.

Each rate must be bid for bonds of

consecutive maturities. The bonds?

Aug.* 1, 1948. will be awarded to the bidder of¬
Due $2,000
fering to purchase the bonds at
Aug. 1 from 1949 to 1957 inclu¬

Denomination $1,000.
on

Stevenson &

(P.

The

1949 to

v.

build¬

Beane;, $31,500, payable to the District.

1968

1964

3

963,000
995,000

are

&

1967

1963

3

1,027,000

as

Fenner

3

3

.

all of New York,

Pierce,

O.

p.m.

S. Moseley &

31/4

•

3V4

posed of E. H. Rollins & Sons,
White & Co., and Coffin &
r,

F.

770,000
795,000

•

atherine, Montour, Hector,
Cayuga, Newfield, Enfield,
and

3

3

Lynch,

Co.; A. C. Allyn
and Company, Incorporated; Barr
Brothers & Co., Inc.; Alex. Brown
& Sons; Eastman, Dillon & Co.;
Equitable Securities Corporation;
Estabrook & Co.; The First Na¬
tional Bank of Portland, Oregon;
Paine, Webber, Jackson & Curtis;
E. H. Rollins & Sons Incorporated;
L. F. Rothschild & Co.; B. J. Van

.

(P.

on Oct. 27 for the purchase
$1,575,000 not to exceed 5% in¬

terest coupon or registered

821,000

high bid
by
Co., New
made

k.

Veteran

1958

high

was

1948 and

2

2.63%,

Westmore School

2.20s

Cross,

to

ing

746,000

9 to 1963 incl. Second
was

1957

41/2

589,000
607,000
625,000
644,000
663,000
683,000
703,000
724,000

v. 168,
p. 1632—were awarded
Tilney & Co., of New York, as
s, at a price of 100.17, a basis
about 2.21%. Dated
Sept. 1,
8 and due on Sept.
1, from

100,14 for 2.40s
on,
Stevenson

4V2

about

Trust Co., of Buffalo.

York

until

$38,000 school

Goodwin, of New York,
a
price of 100.51, a

15 from

Second

2%s

(EST)
of

of

Offering — Maurice A.
District Clerk, will re¬
bids

1

at

Bond

sealed

No.

dated Oct. 15, 1948 and mature

Oct.

on

surance

Bonds

524,000
547,000
572,000

Oct.

basis
are

(P. O. Orchard Park),

ceive

District

Sale—The

2.70s

as

Orchard Park, Aurora,
Hamburg,
Elma, West Seneca and Boston
Central School District No. 1

Graesser,

School

to Bond &

of New York.

New

incl.

bus garage bonds offered on Oct.
15—v. 168, p. 1529—were awarded

Y.

.

provement

Bond

Dated Oct. 1, 1948 and due on Oct.
1 from 1949 to 1959 inclusive. Sec¬
made

1978

Blyth & Co.,

(P. O. Troupsburg), N. Y.

168, p. 1529—were awarded to
George B. Gibbons & Co., Inc., of
New York, as 2s, at a
price of
100.17, a basis of about 1.969%.

ond

to

serially

2.70s.

Central

—v.

was

1949

dated

are

mature

Troupsburg, Wood hull and Jasper

to

Dated Nov. 1, 1948. Denomination
Companies and all public
Publicly Of¬
Due Nov.
bodies and public officers. Legality $1,000,
1, as follows:
fered—A syndicate headed
e
by The
approved
by
Vandewater,
approved by Caldwell, Marshall, $40,000 in 1949 to 1953, $50,000 in
Chase
National
Bank, National
ykes & Heckler, of New York
1954 to
1958, $55,000 in 1959 to
Trimble & Mitchell, of New York
City Bank, Lehman Bros., and
ity.
1961, and $60,000 in 1962 to 1£77.
City.
Blyth & Co., Inc., all of New York,
Principal and interest payable at
Canisteo, Hartsville, Howard,
Syndicate Members—The
un¬
made public offering on Oct. 19
the
Marine
Midland
Trust
Co.,
Jasper, Hornellsville and
derwriting group consists of the
of $31,526,000 housing authority
New York City.
Rate of interest
Greenwood Central Sch.
following:
The
Chase
National
bonds, representing part of the
to be in multiples of Va or 1/10 of
Dist. No.
1
(P. O.
Bank; The National City Bank of
total
issue
of
$48,256,000
pur¬
1%, and must be the same for all
Canisteo), N. Y.
York;
Lehman
chased from the agency at a net New
Brothers; the
bonds. The bonds will be valid
Bond Sale—The $250,000 coninterest cost of 3.213%. The bal¬ Blyth & Co., Inc.; Chemical Bank
an<J legally binding general obli¬
ruction bonds offered Oct. 19—
&
Trust
ance of $16,730,000
Company;
The
First
bonds, bearing
gations of the District, all the tax¬
168, p. 1529—were awarded to
.31/4% interest and maturing on Boston Corporation; Halsey, able real
property within which
Stuart & Co. Inc.; Harriman Rip¬
group composed of the Marine
Nov.
1 from
1989 to 1998 incl.,
will be subject to the
ust Co., of Buffalo, George B.
levy of ad
were
not
publicly offered. The ley & Co., Inc.; Phelps, Fenn & valorem taxes to
pay said bonds
'bbons & Co., Inc., and Chas E.
R.
W.
Pressprich
&
Co.; and
$31,526,000 bonds offered to in¬ Co.,
interest thereon, without limi¬
eigold & Co., both of New York, vestors are dated Nov.
1,
1948 Smith, Barney & Co.; C. J. Devine tation as to rate or amount. The
2.40s, at a price of 100.7104, a mature
& Co., Inc.; Goldman, Sachs &
Co.; bonds will be
annually on Nov. 1, and
delivered at New
sis of about 2.331%. The bonds
Harris
Trust
&
are further described as follows:
Savings Bank;
York, N. Y., or at such other place
e dated Oct. 1, 1948 and mature
Kidder,
Peabody
&
Co.;
The as
Amount
may be agreed with the pur¬
Oct. 1 from 1949 to 1973 incl.
Coupon Due
Northern Trust Company; Salomon
chaser, about Nov. 15, 1948.
1951
$402,000
The
ond high bid of 100.40 for 2.40s
41/2%
Bros. & Hutzler; Shields & Com-'
1952
approving opinion of Vandewater,s
made by Blair & Co., Inc.,
420,000
4V2
pany, Bear, Stearns & Co.; Blair
Sykes. & Heckler, of New York
1953
d Bacon, Stevenson & Co., both
439,000
4V2 •
& Co., Inc.;
1954
City, will be furnished to the pur¬
New York, in joint account.
459,000
-41/2
Also, Drexel & Co.; The Marine chaser without cost.
Enclose
a
1955
479,000
41/2
armel (P. O. Mahopac), N. Y.
Trust Company of Buffalo; Merrill
certified
or
cashier's
check
for
1956
501,000
4%

$31,526,000

for

The $22,500 sewer
construction bonds offered Oct. 14

Bond

from

—

ings Banks and all

other banks,
Fiduciaries, In¬

or

Vandewater,

(P. O. Nyack), N.

Sale

bonds

check

Trust Funds

and

ex¬

Orangetown, Pearl River Sewer
District

1

Schoellkopf,
Hutton
&
Pomeroy, B. J. Van Ingen & Co.,
Rollins & Sons, and G. C.
Haas & Co., was among the other
bidders, offering to pay 100.661

Sykes Heckler of New York City.

Bond

The

1948 and

E.. H.

order of the

by

1,

Nov.

Inc.,

to

single rate of interest,
pressed in a multiple of V4

&

A group composed of

pay¬
Co.
of

a

&
Co.,
Co., Blair

&

Rochester.
Nov.

inclusive.

Trust

de¬

Gibbons

on

Principal and interest (A-O)
able

as

interest cost
accounts

Hornblower&
Weeks,
Sage,
Rutty & Co., of Rochester, R. D.
White & Co., Hall
& Co., and
Erickson
Perkins
&
Co.,
of

coupon

1963

bonds

Inc., C. J.
Co., Inc.,
Marine
Trust
Co.,
of
Buffalo,
Chas. E. Weigold & Co., Roosevelt
& Cross, Bacon, Stevenson &
Co.,

registered building bonds. Dated
1, 1948. Denom. $1,000.
Due
Oct 1, as follows: $25,000 from
1949 to 1958
inclusive, and- $30,to

The

identical

the

two

Devine

Oct.

1959

individual
an

a net

2.673%.

B.

Free

or

from

for

57

cided to merge and the successful
syndicate then consisted of George

&

sealed1 bids until 3 p.m.
(EST) on
Oct. 26 for the purchase of
$400,000 not to exceed
5% int.

000

headed

100.94

of

(Consti¬

will

of

2.70s, reflecting

Offering—George Krueg-

District

er,

firms

bid

tuting City Sch. Dist.), N. Y.
Bond

ing Law, Chapter 44A of the Con¬
solidated

and

two

groups which entered

Co., Inc.

thereof, un¬
provisions of the Public Hous¬

Newburgh, only the State of New York, in the
bidder, offered par for 2V4S. opinion of bond
counsel, for. Sav¬

York

porated

subdivision

National Bank of
other

or

Angeles; Roosevelt & Cross Inc.;
Schoellkopf, Hutton & Pomeroy,
Inc.; Stroud & Company, Incor¬
porated; Tucker, Anthony & Co.;
Chas. E. Weigold &
Co., Incor¬

or

thereafter.

and

The

but

1978;

Code7 of

National

inclusive.

2%

deemed

1,

amended

Co., of Newburgh,
price of 100.062, a

a

of

thereafter

Nov.

15—

basis of about 1.579%. Dated Nov.
1, 1948 and due $2,000 on Nov. 1
1949

deemed

fore

con¬

1529—were awarded to

Highland-Quassaick

Bank
as

The

—

bonds

168, p.

v.

District

(P. O:Newburgh), N. Y.

struction

ank, Camillus. A certified check
$1,000, payable to order of the
illage, is required.
Legality to

1

Second

Oct.

(P. O. Lake Huntington), N. Y.

from

a

Dated

Oct.

on

1.80s

single rate of interest, exressed in a multiple of V\ or 1/10
f
1%.
Principal
and
interest
A-O) payable at the Camillus
ame

York, as l%s,
100.08, a basis of

Peoples-First

purchase of $50,000

ot to exceed 5%

due

for

New

of

1.723%.

1953 incl.

at

Y.

price

on

before Nov. 1, 1968; or a premium
of 3% of their
par value if re¬

168, p. 1529 — were
George B. Gibbons &

v.

to

Inc., of

a

about

to the
ay

—

awarded

their par value if redeemed

(1741)

sive.

the

Bidder to

name

lowest

interest

cost

to

the

single rate
City, such cost to be determined
a multiple
by deducting the total amount of
of Va or 1/10 of 1%.
Principal and' the
premium bid from the aggre¬
interest (F-A) payable at the Na¬
of

a

interest, expressed in

tional

Bank

certified

of

check

Schuylerville.

A

for

gate amount of interest upon all
of

the

bonds

until

their

respec¬

$360, payable
tive maturities.. No bid for less
to order of the
Town, is required.
than all of the bonds offered will
Legality to be approved by John
be
entertained.
General
obliga¬
L. Ostrander, of
Schuylerville.
tions; unlimited tax; registerable
Sodus, Lyons and Arcadia Central as to principal alone; delivery on
School

District

No.

Sodus), N.
Bond

Sale

1

(P.

O.

Y.

The

or

about Nov. 15, 1948, at

place of

purchaser's choice. The approving

opinion of Mitchell & Pershing, of
New York City, will be furnished

$1,450,000
building bonds offered on Oct. 19
■ 168,
p. 1633—were awarded the purchaser.; Bids must be on a
to la combined syndicate headed, form to be furnished by the above
respectively, by George B. Gib¬ Secretary.
Enclose
a
certified
bons & Co., Inc., and C. J. Devine check fof
$16,120, payable to the

Alsoj W. E. Hutton <Sc Coi; K6an,
Taylor-& Co.; Lee Higginsdn Cor¬
poration; Laurence M. Mark's '& ;
Co.; W.* H. Morton & Coi;-incor¬

4——v.

porated; R. H. Moulton & Co., Los

&

~

Co., both of New York. These

State

Treasurer.,

THE

(1742)

58

E.

Offering—W.

JBoi\d

White & Co., of Cincinnati
Dated Oct. 1, 1948 and due $1,000 f

leigh until 11 a.m. (EST) on Oct.
26 for the purchase of $10,000 not
to exceed 6% interest coupon fire
terest

bonds.

equipment

fighting

Salem, Ohio
Bond Sale—The $300,000 unlim¬

In¬

Denomina¬
tion $1,000. Due Nov. 1, as follows:
$1,000 in 1949 to 1956, and $2,000
in
1957.
Principal and interest
payable in New York City. Bid¬
ders are requested to
name the
interest rate or rates in multiples
of Ls
one

or

I %.

rate

for

to

p.

Ryan,

of Cleveland.

the balance,

than
two rates, and each bidder must
specify in his bid the amount of
bonds of each rate.
Each rate bid
must be for bonds of consecutive
maturities.
The
bonds will be
awarded to the bidder offering to
purchase the bonds at the lowest
interest cost to the Town, such
may

168,

Sutherland & Co., in
joint account, as 2M>s, at a price
of 100.93, a basis of about 2.408%.
Dated March 1. 1948 and due $6,000 on May 1 and Nov. 1 from
1949 to 1973 inclusive.
Second
high bid of 100.237 for 2i/2s was
made by Field,' Richards & Co.
and

Each bid may name
part of the bonds

another rate for

out no bid

—v.

1, 1.948.

earliest maturities)

(having the
and

offered on Oct. 21
1530—were awarded
Harriman Ripley & Co., Inc.
tax bonds

ited

M-N.

Dated Nov.

1

Lake

Grove School

North

District (P. O.

-.Catasauqua

O.

(P.

Catasauqua), Pa. ' .
Bond Sale—The issue .of $12,000
bonds offered on Oct. 11—v. 168,;

Lake Grove), Ore.

!

April 1

on

his" office in Ra¬

at

bids

r

.

.

Bond Offering—Roy yE. Hurst,
.Bonds Sold—An issue of $110,and Oct. 1 from 1949 City Recorder, will receive sealed 000 building bonds has been pur¬
to 1957 inclusive, and $1,000 April bid? until 5 pm. (PST) on Oct. 29 chased/by Blyth & Co., Inc.,
of p. 1306—were awarded to the Na¬
for the purchase of $25,000 not fo
tional Bank of .Catasauqua as 3s, !
1 and $500 Oct. 1, 1958.
Portland./
V,:.. -:/r. •
v1'exceed 6% interest improvement
at pat. •
The bonds were sold as 2V4S, at
.y
.•
''/" ;•;'■? v
bonds.
Interest A-O.
Dated Oct. Lane County School District No. 32
a price of 100.80.

Easter-

ling, Secretary of the Local Gov¬
ernment Commission, will receive
sealed

Arlington, Ore.

•;

to J. A.

N. C.

Roxboro,

1948

Monday, October 25,

FINANCIAL CHRONICLE

COMMERCIAL

name more

1948.
Denomination $1,000.
$1,000 Oct. 29, 1949 to 1973.
Bonds are subject to call and can
be redeemed by the city on any
interest bearing date on and after

Principal and inter¬

the

a

certified

par

value

of
bonds bid

check for 2%

of the

Meeker School District,

Okla.

Offering—C. R. Hilton,
District Clerk, will receive sealed
Bond

offered on Oct.

13—v. 168,

1530—were awarded to
Co., of Portland, as 3%s.
1, 1948 and due on
from 1950 to 1961 inclusive.

p.

&

Nov.

ceed
ans'

Blyth
Dated
1

Jan.

2%

tion

Lincoln

Central
District

(P. O.

People's Utility

Newport), Ore.

interest

coupon

veter¬

Interest A-O.
1948. Denomina ¬

welfare bonds.

Dated

upon.
1

bonds

Mapleton), Ore.
school

Sale—The $130,000

i *

Olyphant,

'

Pa.

;

~

Sanko

Offering—Joseph

Bond

•

Secretary, , will receive
sealed bids until 8:30 p.m. (EST) !
on Nov; 4 for the purchase of $25,- ;
Borough

000 bonds.

' "'

.'-//'^

payable at the City Treasurer's
Olyphant School District, Pa..
office. No bid will be accepted for
1 Bond Offering — The District
Oregon (State of)
,
less than 98% of the par value of
Secretary will receive sealed bids
Bond Offering — VV. F. Gaarenthe bonds and the entire amount
until 7:30 p.m. (EST) on Nov. 4
stroom, Director of Veterans' Af¬
of the accruing interest thereon.
for the purchase of $37,000 school
fairs, will receive sealed bids until
The
approving legal opinion of
bonds.
10 a.m. (PST) on Nov. 5 for.the
John Shuler, of Portland, will he
Philadelphia, Pa.
furnished to the purchaser.
En¬ purchase of $2,000,008 not to ex¬
est

close

OKLAHOMA

Bond

Due

Oct. 29, 1956.

O.

(P.

29,

not

Dec.

1,

less than

$1,000 each, as
shall specify.

the successful bidder

/ Bond

Sale—The $4,125,000 2%
bonds offered for sale
the Board of Sinking

refunding
on

Oct. 19 by

Fund

168,

Commissioners—v.

1531—were

awarded

to

a

p.

syndi¬

April 1, 1960, subject to op¬ cate composed of the National City
Bond
Offering—John Greenbo, tional redemption by the State, Bank, Halsey, Stuart' & Co. Inc.,
(CST) on Oct. 27
Secretary of the Board of Direc¬ in numerical order, or in their en¬ and C. J. Devine & Co.', all of New
for the purchase of $17,000 build¬
tors, will receive sealed bids until tirety, on April 1, 1954, and upon York;", First
National Bank, of
ing and furniture bonds. Due $1,2 p.m. '(PST) on Nov. 16 for the any semi-annual interest paying Portland; Schmidt, Poole & Co.,
500 in 1951 to 1961, and $500 in
purchase of $300,000 not to exceed date thereafter upon 30 days' prior Butcher & Sherrerd, and Janney
cost to be determined by deduct¬ 11962.
The bonds will be sold to 4% interest revenue bonds. Inter *
published notice of proposed rer & Co., all of Philadelphia,/at a
ing the total amount of the pre¬ the bidder offering the lowest rate est J-J
Dated Jan. 1, 1948. De¬ demptfon. Rate - of. interest jto be price of 98.681. . Second high bid
mium
bid
from
the aggregate of interest, and agreeing to pay
nomination $1,000.
Due Jan. ■ 1, ip multiples of 14 of 1%.
The of 98.39 was made by a syndicate
amount of interest upon all of the par and accrued interest. Enclose
1951
to
1970,
in
such annual bonds will be delivered complete, headed by Lehman Bros., of New
bonds until their respective ma¬ a certified check for 2% of the
instalments
that
the
combined without cost to the successful bid¬ York.
turities.
No bid for less than par amount of the bid.
total
of
principal and interest der, at Salem, or at such banking
and .accrued interest, or for less
Philadelphia, Pa.
Nash School District, Okla.
due on Jan. 1, of each year, plus institution in Portland, as the bid¬
\ Bond
Call
Clerk of Council
than #11 of the bonds, will be en¬
Bond Offering—Edward Zander, the
interest
becoming
due
on der shall name. Each bidder is
tertained.
General
obligations; Glerk of the Board of Education,
Willjam. W.Felton announces that
the respective preceding July 1,
requested to include in his bid a on Dec.
unlimited tax; registerable as to will
17, 1948, the following
receive
sealed; bids
until Will be nearly as equal as may be, statement
pi the total interest cost 4
principal alone; delivery on or 2 p.m. (CST) on Oct. 27 for the a variation of so much as $1,500
Mi % honds, issued. Dec. 17., /1928,
and effective interest rate based
about Jfoy.16. 1-948, at place of
due pec. 17,1978, and redeemable
purchase of $48,000 building bonds. being inconsequential. The bonds
purchasers choice.
The approv¬ Due $6,000 in 1951 to. 1958. The are subject to redemption prior to upon aggregate interest ,cost, that at;the option of the City at par
the State will pay, provided his
and accrued interest on D.ec. 17,
ing .opinion of Mitchell & Per¬ 'bonds will be sold to the bidder
maturity on any interest date on bid is accepted and none of the
shing,. of New York City, will be offering the lowest rate of interest, or after Jan. 1, 1953, in the inverse
1948, or .at amy interest: period
bonds are called prior to the final
furnished
the
purchaser.
Bids and agreeing to pay par and ac¬ order of maturity (less than the
thereafter,' are
called for pay¬
maturity date .thereof. The bonds
must be on a form furnished by
ment.• ■
- r
crued interest. Enclose a certified whole of a single,^maturity to be
will be /issued under, authority of
the
above
Secretary. Enclose .a dheck for 2% of the amount bid.
selected by lot) as follows: On or Article XIa of the Constitution of
certified check for $200, payable
prior to July 1, 1958, at 103, and the State, and Chapter 403, Oregon outstanding of bonds aggregating
Okemah, Okla. '
to the State Treasurer.
$2 000,000, issued pursuant to an
•Bond Sale—The $90,000 bonds reducing annually thereafter Mz of Laws, 1945, as amended, and the
ordinance approved Sept. 22, 1924,
1% until July 1, 1963, thereafter
OHIO
offered on Oct. 19 were awarded
successful
bidder will
be fur¬
authorizing the. creation of a loan
at par. Principal and interest pay¬
to Evan L. Davis, of Tulsa, 011 a
nished the unqualified legal opin¬
Bay Village, Ohio
or loans aggregating $35,726,000.
able at the First National Bank of
ion .of Winfree, McCulloch, Shuler
Bond
Offering—Glen ,L. Gan- bid reflecting a net interest cost
$791,700, being the remainder
Portland.
No bids will be enter¬
of 2.46%.
& Sayre,. of Portland, approving
yard, Village Clerk, will -receive
outstanding of honds aggregating
tained for less than 98% of the par
the validity of the bonds. Princi¬
The bonds are descirbed as fol¬
sealed bids until noon (EST) on
$3,000,000, issued pursuant to an
value
of
the
bonds.
There is
pal and interest payable at the
Nov. 1 for the purchase of $74,400 lows:
ordinance approved June 22, 1925, j
pledged for the payment thereof, State
; Treasurer's
office.
The authorizing the ^creation .of a loan |
3% special assessment bonds. In¬
all of the revenues derived by foe
i $65,000 swiming pool bonds.
Due
honds will be the direct negotiable
terest M-N.
Dated Nov. 8, 1948.
or loans aggregating $29,750,000.
(
$5,000 annually from 1951 to District, from its operations re¬
general obligation bonds of the
Denomination $1,000, one for $400.
1 $833,500,
1963 inclusive,
being the remainder jj
maining after payment therefrom
State, and will be sold at not less
Due fn substantial equal annual i
outstanding of bonds aggregating
25,000 Water works system bonds. of all expenses of .operation, main¬
than $95 for each $100 par value
maturities on Nov. 1, 1950 to 1959.
Due
as
follows: $2,000 from tenance, taxes, power at wholesale
$3,000,000, issued pursuant to an f
thereof
and
accurued
interest
Bidders may bid for a different
1951
to 1962 inclusive, and and insurance, as provided by or¬
ordinance approved April 10, 1926. j
thereon, if any, to the hidder of¬
rate of interest in multiples of
authorizing the creation of a-loan j
dinance
$1,000 in 1963.
authorizing
the
bonds.
fering the lowest effective rate or
14 of 1%. All bids must state the
or
loans aggregating '.$35,500,000. jj
The bonds/were authorized at The ordinance provides that all
rates of interest upon the hands,
number of bonds bid for, the gross
income and revenues shall be set
y. jThe. bonds, by ordinances ap¬
an election oh Sept. 28.
based upon aggregate interest •cost
amount of bid and accrued inter¬
aside in a separate fund desig¬
proved Sept.' 24, 1948. have been
est to date of delivery. The bonds
upon the issue computed to the
; '
Washington County (P. O.
cMled for redemption on Dec. 17, f
nated as to the "Revenue Fund."
Bartlesville), Okla.
final maturity date of the issue.
are issued for the purpose of rais¬
Bidders may name, different rates
1948, and interest on all of the j
Enclose a certified check for 3%
Bond Sale—The $600,000 hospi¬
ing money in anticipation of the
of
saiid outstanding bonds of these '
interest, but not more than
of the par value of the bonds pay¬
collection of special assessments tal bonds offered Oct. 18—v. 168, three for'
issues will cease on that date and
parts of the issue. This
able to the Director of Veterans'
and .under authority of the laws p.: 1633 — were awarded to the
issue is the balance of an author¬
any .y interest
coupons
attached |
Affairs.
of the State and of the Uniform First National Bank & Trust Co.,
ized issue of $700,000 and is part
thereto will become void except
Bond Act, and are payable from of Oklahoma City, at a price of
of total ..authorized issues of $!,as to interest accrued to that date.
i y i PENNSYLVANIA
taxes unlimited as to amount and
par, a net interest cost of about
825,000, of which $1,422,000 is now
Bonds .wjth all unmatured coupons J
rate. The bonds shall be sold for 2.45%, as follows:
yd/v;/!.} Clair.ton, Pa. '.
V]
attached must be presented for re¬
.outstanding, and sudli bonds are
Bond Offering—D. J. Paterson,
not less than the face value there¬
$30,000 2%s. Due Nov. 1, 1951.
issued pursuant to the Constitu¬
demption
and payment to the l
of and accrued interest. The pro¬
City Clerk, will receive sealed
30,000 2V2s. Due Nov. 1, 1952.
tion and Laws of the State, and
Philadelphia National Bank, fiscal
bids until 2 p.m. (EST) on Oct. 27
ceedings for the issuance of said
30,000 2V4s. Due Nov. 1, 1953.
particularly Chapter 279 of the
agent for the City of Philadelphia, ij
bonds are under the supervision of
210,000 2V2S. Due $30,000 on Nov. Thirty-Sixth Regular Session of for the purchase of $150j000 cou¬ at' its office, 421 Chestnut Street, (
Squire, Sanders & Dempsey, of
1 from 1954 to 1960 incl.
general
obligation honds. Philadelphia, Pa."Bonds registered/
the
State
Legislative Assembly, pon
Cleveland, and their opinion as to
90,000 214s. Due $30,000 on Nov. 1931, as amended. This issue shall Dated Nov. 1. 1948. Denomination as to principal alone or as to both
the validity of the issue will be
1 from 1961 tol 963 incl.
rank on a parity with the bonds $1,000.1 Due $10,000 on Nov.] 1
principal and interest must be ac-j
delivered to the successful bidder
210,000 2V2S.1 Due $30,000 on Nov. previously issued by the District. from 1950 to 1964. inclusive. Bid¬
cqmpanied by appropriate insteu-,'
at the expense of the village. En¬
der to name a single rate ,of in¬
1 from 1964 to 1970 incl.
The successful bidder shall be fur¬
ments of assignment executed in
close a bond or certified check for
The
bonds are dated Nov. 1, nished the approving legal opinion terest, expressed in a multiple of
$750, payable to the village.
*4 of 1%,
Interest .M-N.
Bonds
1948. Interest M-N.
Legality ap¬ of Chapman & Cutler, of Chicago,
Rockledge; Pa. *
i
The bonds will be are callable in inverse numerical
Columbus, Ohio
proved by George J. Fagin, .of without : cost.
Bond Saje — The $16,000 bond^
Note
Sale—The $22,200 sewer Oklahoma City.
delivered to the successful bidder order on Nov. 1, 1950, or on any
at Portland
Enclose a certified subsequent interest payment date, offered Oct. 18—v. 168, p. 1531—4
construction notes offered on Oct.
Woodward, Okla.
A were awarded to the Montgomery
check for 3% of the par value of at; par;and accrued interest.
21—r-v. 168. p. 1633—were awarded
Bond Offering—Mary Clift, City
Trust Go.^ of Norristown, as 2M>s,|
the bonds, payable to the District. certified check for $3,000* payable
to Sweney, Cortwright & Co., oi'
Clerk, will receive sealed bids un¬
to order of the City Treasurer,/ is at! a price of 101.
*
Columbus, as l%s, at a price of til 7:30
Clatsop County Consolidated
p.m. (CST) on Oct. 27 for
required. Legality to be approved
par.
Dated Nov, 16, 1948 and due the purchase of $300,000 not to ex¬
i
Womelsdorf, Pa.
School District No. 30 (P. O.
by Burgwin, Churchill & Ruffin of
on May 16, 1950.
Second high bid ceed 3% interest hospital bonds.
Bond Sale—An issue of $12,00fi
Warrentcn), Ore,
Pittsburgh.
j :
•
I
of 101.07 for ll/zs, was made by
Due $20,000 in 1951 to 1965.
2V»%
general obligation bondsThe
Bond
Offering—D. S. Craven,
Delaware County Institution Dist. was awarded on Oct. 18 to the
Ryan, Sutherland & Co., of Toledo. bonds will be sold to the bidder
District Clerk, will receive sealed
(P. O. Fair Acres Farm), Pa.
Womelsdorf Bank & Trust .Co., at
offering the lowest rate of interest', bids until 7:30 p.m. (PST) on
Loudonville. Ohio
Pond Sale — The $700,000 gen¬ a price of 10Q.125, a basis of about
and agreeing to pay par and ac¬ Nov. 3 for the purchase of $120,Bond
Sale—The $3,500 River¬
crued
interest.
These
are
the 000 not to exceed 6% interest eral obligation bonds offered Opt. 2.478%. Interest M-N. Dated Nnv
side Park bonds offered Oct. 16
bonds authQrized at the election school bonds. Interest J-D. Dated 19!—v. i68, p. 1531—were awarded 1, 1948. Denomination $1,000. Due
—v. 168. p.
1633—were warded to
held on Get. 5. Enclose a certified Nov. 1, 1948. ' Due $8,QOO Dec. 15, to Schmidt, Poole & Co., and Asp- $1,000 Nov.; 1, 1949 to 1960, subj
J. A. White & Co., of Cincinnati,
check for 2% of the amount of the 1951 to 1965. Principal and inter¬ den, Robinson & Co., both of Phil¬ ject, however, .to' being called b
as 3s, at a price of 100.36, a basis
adelphia, jointly, as l7/gs, at a
bid.
■
'
est payable at the .County Treas¬
part or in full at any .interest pay¬
of about 2 875%.
Dated March 1,
price of 101.0856, a basis .of ahout ment period prior thereto.. These
OREGON
urer's office or at the fiscal agency,
1948 and due $700 on Sept. 1 from
1.781%. The bonds are dated Nov.
of the State in Ne.w York'City, at
obligations will be paid from ac
Albany, Orp.
1949 to 1953 inclusive. The Farm¬
1948 and mature $28,000 on
the option .of the purchaser. These 15,
valorem taxes within the taxjua/
Bond Sale — The $160,000.im¬
ers
& Savings Bank of Loudon¬
Nov. 15 from 1949 to 1973 inclu¬
bonds were authorized at the elec¬
ville, .only other bidder, offered provement bonds offered Oct. 13—
sive.
They are non-callable. Sec¬ limitation placed by law upon sai<
tion hq'id on Sept. 1,3. The approv7
v.
168, p. 1530—were awarded to
par for 3s.
ond high bid of 100.885 for l7/8« Borough. A Lid of pap was enterei
legalouinion of John W.
the United States National 'Bank, ing
Osbor.n. Ohio
y/as made
by the First Boston by fhe Berks Gounty Trust Co.
of Albany. Dated Dec. 1, 1948 and Shuler^ of Portland, wiff be fur¬
Due

/bids until 10 a.m.

,

1

—

—

■

,

.

,

.

,

.

Bond Sale

improvement
15—v.

168,

p.

—

.

.

The $19,500 sewer

offered Oct.
1411—were awarded
bonds




$16,0.00 on pec. 1 from
1959 inclusive.

due

Corp., and Moncure,

1950 to nished 'the successful bidder. En¬ jointly.,.' /
close k certified check lor $1,000.

Biddle & Co.,

-' :

-

4

Reading.

✓-Volume 168

Number 4745

THE

COMMERCIAL &

/..///

interest cost to the Town.

No bid
will be accepted for less
than par
and
accrued
interest.

"//

f/- Pawtucket, R. I. Y/.//
Bond Sale Details—The
$500,000
refunding bonds purchased as 214s'
by the Fifst Boston
.

furnish

par//////^/;"

ing additions, extensions

SOUTH CAROLINA

Sumter

County

No.

17

(P.

provements to the

such

O. Sumter),

,

[

and

Y.////;/-;./

be issued in the future

19
to
a
syndicate composed of
Courts & Co., of
Atlanta, Hamil¬

lution

on a

under the provisions of the

authorizing

such

solely

1,

follows: $16,000 in
1951, $17,000
in 1952 and
1953, $18,000 in 1954
to 1956, $19,000 in 1957
and 1958,
$20,000 in 1959, $21,000 in 1960
as

and

close

The

right is

reserved

2%

to

works

Oct.

168,

to the

of

Principal

inclusive.

water
offered

interest payable at
any suit¬

Sept. 1, 1948.

desig¬

successful' bidder.
The bonds will bear interest
at a

-'

single rate to be designated by the

eral

"

.

bidden in
multiples of
J/4 or 1/1(1 of 1%.
The City will
furnish without' cost
to/the pur¬
chaser and within 40
days, after

improvement

$200:000
water

gen¬

interest

Cost;

of

by

Ernest

Houston.

Dated

Chambers County (P.
Anahuac), Texas

j

1 from 1959 to 1968.

total

a

interest to the respective maturi¬
ties, less any premium offered.
No bid of less than
par and ac¬
crued interest will be
considered.
Enclose a certified or
cashier's
check, or bank draft for $340,

bonds

are dated Oct.
1, 1948 anc
those maturing from 1954 to 1968

2%s,

1953

bonds

to

due
1963

dated

are

on

are

Dec.
These bonds

1,

held

(CST)

.1948.

Dated

$1,000.

issue

1/10

interest

1,

1948.

The rate

must

Va

and

Nov.

^.;//:^::A,u,:^./
Dec.

be
of

in

a

1%.

payable

est must

interest

to

Treasurer's office,

10

tional

inclusive. The
10, 1948

Bank

of

Houston,

or

Bank

each

payable

of

tion

the

Chapter

of

at the Chase National
York

*

•

.

•

dp

$50,-

000 not to exceed 3% interest
ur¬
ban electric system revenue
bonds,
series A.
Interest J-J.

Dated

Oct.

1,

tion, $1,000.
1950

to

1948.

Due

1959.

Denomina¬

$5,000

Bonds

from 26 to 50

Jan.

re¬

will

Jan,

on

interest

1,

1954,

payment

or

date

on

thereafter

crued

interest

to

the

demption plus

a

lows:

date

of

re¬

for

If called

premium

ac^

fol¬

as

furnished

the

that

given

in

.v:;^ /

•/

(P.

O. San

>/////.;
jndep, Sch. Dist.

Trustees, will receive sealed bids
until 4 p.m.
(CST) on Nov. 4 for
the purchase
of $300,000 not to

3$fc:%

each

on
or

1956, the premium

bond

so

called

shall

on

bond

so

called

shall be

ders
or

Vt

are
requested to
rates of interest in

of

rates

1%.
shalL

shall be

no

Not
be

$15. Bid¬

name

a

rate

multiples of.

more

than

two

specified and there

more

than

one

rate for

any one. maturity.
The bonds will'
be awarded .to
the responsible bid¬
der whose bid results in
the lowest




1968.

Bonds

maturing in 1964

to

1968, being optional for
redemp¬
on
May 10, 1963, or on any

tion

interest
at

par

payment

and

ders shall

name

of interest the
not

more

date

accrued

than

eral

the rate

or

to

rates

of

will furnish
purchaser the
and

19—v.

offered

on

168,

p.
1531—were
syndicate composed

a

Co., Equitable Se¬

2.209%,

follows1

(

:

Y

$100,000 park improvement
bonds,
series
No.
255:
for
$90,000
2.20s, due on May 1, from
1949
/ : to 1966
inclusive, and $10,000 2V4s,

.

due

and 1968.

400,000 street

on

May 1, 1967

v\'V
pavin'ej Jbonds,

*Wn
ries No. '256: Ayt* <t5ftfV rinn
for
$360,000

due

ler

&

se-

9 9n-.

2.20s,

May

1966

•

*

1968.

Galloway, of New
:A;-;//:-

.

the

York

issued
of

360,

'■jT1

!

?!?.'#

Bond

Offering—Wilson

ville, Chairman
Canal

V

of

G.

announces

County

Auditor,

be received until
11:30 a.m.
on
Nov. 4 for the

will

(CST)

purchase

$2,500,000

series of

of

1948 improve¬

ment bonds.

Dec.
$1,000.

1,

1949

to

must be in
of

1%

all

of

and

the

interest
tional

1948.

Due

or

Dec.

rate

must

bonds.
office
of

at

New

be

the

same

exempt

tax,

In

enact,
of

or

the
at

from

the

event

held

on

bid is to be

to the
delivery date
bonds, legislation having

contract of

sale. The District re¬
the right to
reject any and

serves

all

bids, take

new

irregularities,

and

bid

most-

District

of

Chase National
York" City.
These

plainly marked

Each
on

bids,
to

waive

or

accept

advantageous to it.

will

furnish

free

the
The

to

the

purchaser the
of the

and

of

ler

approving opinions
Attorney-General of Texas,

&

Vandewater, Sykes, Heck¬
Galloway,

of

New

York

Enclose

/:///:/

the

/////'A'

/;''y//-/;y

Hillsboro, Texas

Pre-Election Bond Sale
The
First Southwest Co. of
Dallas, has
—

purchased, subject to

voters'

ap¬

proval at an election on Oct.
28, an
issue of $90
000. street bonds at a
net interest cost of
about

2.94%,

follows:

as

Due

May 1, as follows: $4,000 from 1950 to
1952

V

inclusive,
and

68,000

and

$5,000

in

1953

1954.

3s.

Due

May

1,

fol¬
lows: $6,000 from 1955 to 1958

for

the

Aug. 23, 1947.

Congress shall

prior

these

bonds, the bidder, at his op¬
tion, will be relieved from all ob¬
ligations under the terms of the

as

inclusive; $7,000 from
1962
1963

inclusive
and

000

1959 to

$8,000

in

are

dated Nov.

Interest M-N.

Lake

Bond

and

1964.

All of the bonds

1, 1948.

bonds were authorized at the elec¬
tion

ttyese bonds
Federal income

the effect of placing an income
tax
the
interest
accruing from

Na¬

Commerce

on

these

County
the

Forty-

on

Principal and
at

the

Under existing

laws, the interest
is

bid

multiple of Vs of 1/10

Bank

of

The

of

the

1131,

suant to the
provisions of Section
59 of Article XVI
of the Constitu¬
of the State.

tion

Denomina¬

$125,000

1968.
a

payable

Houston
Bank

1,

Acts

Bill

Legislature, Regular Session,
creating the Harris County
Flood Control
District, and pur¬

$22,000 2V?s.

Dated
tion

House

County Judge.

Sa-

that sealed bids
addressed to H. L.

Washburn,

These
to

a certified or
cash¬
ier's check for 2% of the
par value
of the bonds
bid, payable to the

Navigation and

Commissioners,

1944.

pursuant

Fifth

City.

County Houston Ship
Channel 'Navigation
District
(P. O. Houston), Texas

Treasurer's

i frorti. 1949 to
inclusive, and $40,000
214s, di)ci'on mW't, 1967 and
on

to

Attorney-General of Texas,
Vandewater, Sykes, Heck¬

of

$1,440,000 gen¬

Cotp., Graham, Parsons &
Co. and Coffin & Burr, all
of New
York, and the Dallas Union Trust
Co. of Dallas, at a
price of par, a
net interest cost of
about
as

free

The

approving opinions

of the

T exas

curities

in¬

terest in multiples of
y4- of 1% will
be considered. The
District will

county

law.

bonds

of Estabrook &

bear,'

are

two

obligation

Oct.

rates

bonds

limita¬

advantageous to it.

Harris

Dallas,

awarded to

thereafter

interest. Bid¬

the

lo¬

most

Legality City.
Chapman & Cutler,

Bond Sale—The

Offering—A. E. Robert
President of the Board of

exceed

therein, within
prescribed by

V

Antonio), Texas

Bond
son,

property

bid

Chicago.

TEXAS

Alamo Heights

$10,000 in 1949 to 1956, $15,000 in
1957 to 1963,
$25,000 in 1964 to
1966, and $20,000 in 1967 and

for

redemption
1954, and on

1,

tions
of

$25, and if called for redemption
or after Jan.
1, 1957, and prior
to maturity the
premium for each

Jan.

cated

approved by

be

after

or

against

v

.

interest
coupon
school house bonds.
Dated Nov.
10, 1948. Interest M-N. Denom.
$1,000. Due Nov. "10, as follows:

before July 1,

able from ad valorem
taxes levied
all
taxable

successful

(This report of the offer¬

ing supersedes
368, p. 1531.)

any

prior to maturity at par plus

be

bidder.

demption at the option of the mu¬
nicipality in inverse numerical
order

9, constitute direct and general
obligations of the entire City pay¬

cepted^; The approving opinion
of Chaprnap, & Ciitler, of
Chicago

numbered

callable for

are

1,

to

ac¬

at

New

1937,

City, at the

•

will be

City
or

Each bid is to be

Nov. 7,

on

are

provisions

Na¬

—

par

the

an^T;

held

.

than

at

annually
thereafter until the is¬

year

is matured.

bonds

.

less

Principal and
the, County

or

must be

are

for

at

on the form
furnished by
the County Commissioners.
These
bonds were authorized at the
elec¬

Second

bid

$150,000

York City. An
appropriate levy of
taxes will be made to
service these
bonds for this
year and

each

maturing from 1959 to 1963
option of the holder. An
subject to prior redemption are optional on and
appro¬
after Nov. 10,
priate levy of taxes will be made
high bid of 100.046 for 1958- Second
high bid of 100.075 to
service these bonds for this
$28,000 34s, $133,000 2%s, and for $.275,000
2%s was made by
year
and
$39,000 3s, a n,et interest cost of Fridley &
annually
each ' year
Hess, and the First thereafter
until the issue is ma¬
payable to the City Treasurer. // a bout: 2.846%, was made by John Southwest
Co., jointly.
tured.
Nuveen & Co., and the
Bidders may bid on one
FidelityWall, S. Dak,
issue or on all issues
Bankers Trust Co., Knoxville.
Cuero, Texas
and may
Bonds Sold
The Underwood
stipulate for all or
Bonds Sold—An issue of
none, but bids
State Bank, of
$25,000 must
Wall, has purchased
Lexington, Tenn.
name
a separate
3% water works bonds has
price and
been
as 3s, at
Bond Offering—W. L. Brown
par, the following bonds:
interest rate for each
sold to Rausche, Pierce &
issue, as
Co., of each
Recorder,
will
receive San
$18,000 water works iniprove- Town
issue will be sold
Antonio, Interest M-S, Dated
separately.
sealed bids, until 7
p.m. (CST) on
Each bid is to be
ment, and $9,000 fire fighting
Sept. 1,1948. Denomination $1,000.
plainly marked
Nov. 8 for the purchase of
/ //equipment.'
on the outside
$12,000 Due Sept.
' ;4
and must be on the
1, as follows: $2,000 in
not to- exceed 4% interest
form
public 1949 to
furnished by the County
1953, and $3,000 in 1954 to
TENNESSEE
improvement bonds.
Int.
A-O
Commissioners.
1958. Principal and
The
county re¬
interest pay¬
Dated Oct. 1, 1948.
Due Oct. 1 able at the
serves the
Dickson, Tenn.
right to reject any and
State Treasurer's of¬
as follows; $1,00.0 in 1951 to
Bond Offering—H.,
all bids, take new
1954
C. Thomp¬
fice.
These bonds authorized at
bids, or waive
a
and $2,000 in 1955 to 1958.
son, Town Recorder, will receive
No recent election
irregularities, and to accept the
by a vote of 65
sealed bids until % p.m.
(CST)
Oct. 29 for the purchase of

Due

Rate of inter¬

in

plainly

Commerce

New

of

a.m.

of

County

at

11

National Bank of
Houston,
the Chase National Bank

;

multiple

or

$1,000.

be

Treasurer's office,

Denomina¬

the

until

multiples of y8 or
1/10 of 1% and must be the
same

Aug.

on

of

District, will

bids

for all of the bonds.

Principal and
at

sealed

nomination

sue

- .

bid

Galloway,

on

Jan. 31,

on

&

City.

Dec. 1, 1949 to 1968.

authorized

were

approving

Nov. 4 for the purchase
of
$3,000,000 series C. of 1948
bonus.
Dated Dec. 1, 1948.
De¬

1947.

bonds

Heckler

receive

part of

on

the

for and behalf
of the

issue, authorized

election

to

Attorney-General
of
Vandewater,

and

York

free

transcript of the

and

the

Texas

furnish

County Auditor, announces that
the Commissioners'
Court, acting

Jan.

19.49

are

at the election held

or

of

a

County Flood Control Dist.
(P. O. Houston), Texas
Bond Offering—H. L.
Washburn,

a.m.

on

The

Harris

part of

held

$275,000

These

tion

record

New

3.000,000 Series 1948 bonds. Due
$150,000 Dec. 1, 1949 to 1968.

Nov.

Bonds

election

the

23

O.

inclusive,

11

will

purchaser

of

issue, authorized

$9,000,000

at

$275,000 hosoffered
Oct. 11—v
168, p. 1307—were awarded to Un¬
derwood, Neuhaus & Co., of ilous

from

the

1968.

bonds

$213,000

inclusive. The

These bonds

$7,000,000

Due

L.

Sept.

Bond, Sale—The

10 from 1949 to 1952

until

matured.

and to4accept
advantageous to it.

most

opinion

25, 1947.
5,500,000 Series B-2, 1948 bonds.

has

Knoxville, /jointly/at a price of
100.022, a net interest" cost' of
about 2.739%, as follows:
$28,000 ton, at a price of 100.14. a net
3V2S, due on Oct. 1 from 1951 to interest cost of about
2.69%, as
1953 inclusive;
$52,000 2V2s, due follows: $62,000 2V4s, due on
Nov
on

Dorsey, Colman, Barker,
Scott &
Oct. 1 from 1954 to 1958 inclu¬
Barber, of Minneapolis.
Bids will be preferred
sive. and $120,000 2%s, due on Oct
according
net

•'

berland Securities Corp. of Nash¬
and
Davidson
&
Co., of

of

lowest

1968.

Dallas.

revenue

ville

approving
legal opinions of Bailey,
Voorhees,
Woods &
Fuller/ of Sioux Falls,

to

purchased

bids

thereafter

year

is

irregularities,

District

bond

/;

issue

reserves the

bid

the

on

at

1948.
Legality approved by
Dumas, Huguenin & Boothman of

bonds offered Oct. 14—v.
168, p
1411—were awarded to the Cum¬

award of sale the
printed and: ex¬
ecuted bonds and the

;

been

Brown,

Sale—The

the

$3,500,000 Series B-l, 1948 bonds.
Due $175,000 Dec.
1, 1949 to

Bonds Sold—An issue of
$46,000
school
house

dated

are

waive
The

Nov. 4 for the purchase
of $12,000,000 road
bonds, divided
as follows:

T exas

•

sealed

(CST)

Legis-

right to reject
and all bids, take new
bids, or

any

Offering—H. L. Washburn,
Auditor, announces that
County Commissioners will

the

the

District

Bond

receive

as

also

are

an act of the

annually each

until

County

District,

bonds\

Texas

Chap¬

Statutes,

bonds

trict for the
purposes of taxation
to service
these bonds for this year
and

County (P. O. Houston),
,v/:

128,

Civil

These

be made against all
property assessed in the Dis¬

Sykes,

Harris

Title

Revised

taxes will

rem

the

& Co., Geo. B. Gibbons

Co., Inc., Paine, Webber, Jack& Curtis, Bacon,
Stevenson &
Co., all of New York, Dallas Union

a

School

9,

uature creating the
District.
An
appropriate direct levy of ad valo¬

1949 to 1953 incl.

Indep.

particularly

authorized by

SQn

warrants

52,

amended.

&

the District.

Centerville

Knoxville, Tenn.

•

Bond

successful

bonds

Pressprich

property located therein, within
limitations
prescribed
by
law.
Legality approved by Gibson &
Gibson, of Austin.

Equitable Securi¬

The

a

cantile National
Bank, Dallas. AH
of said warrants
constitute direct
arid
general obligations of the
City, payable from ad valorem
taxes levied
against all taxable

Corp., of Nashville, at a price
of
10.0.056, a net interest cost of
about 2.396%, as
^follows: $20,000
2J/4s, due on Sept. 1 from 1949 to
1952
inclusive, and $15,000 2%'s*
due on Sept. 1 from 1953
to 1955

fol¬

or

are
in
$1,000
Interest M-N.
Principal
and interest
payable at the Mer¬

1306—were

p.

bonds,
Enclose

form

Constitution of the State
laws enacted
pursuant there¬

to,

syndicate
composed
of
Halsey,
Stuart & Co., Lehman
Bros., Blair
& Co», Inc.,
Kean, Taylor & Co.,
B.
J. Van
Ingen & Co., R. W.

State

the

are

ter

the

Fund,

on

Commissioners.

the

and

sewer

of

denoms.

ties

lows: $3,000 in 1950 to
1952, and
$4,000 in 1953 and 1954.

institution

bonds

sewer

9—v.

awarded

bids until 8 p.m.
(CST) on Nov. 8
for the purchase of
$17,000 not to
exceed 4% interest
coupon fund¬
ing bonds.
Interest M-N.
Dated
Nov. 1, 1948.
Due
as

and

$35,000

these

of

May

on

be

the

59

issued under and
by virtue of Article III,
Section

Additional Sale—The
$1,900,000
revenue
bonds offered at
same time were
awarded to a

Board

account

a

Nov. 1 from

bonds, payable

Sale—The

purchase

The

Greenville, Tenn.
Bond

eligible

State

the

2'/4s, due

I, 1967 and 1968.

must

by

These bonds

inclusive,

and $94,000

and

furnished

.

so' condi¬

certified check for

a

the amount of the

Bona
Oiferittg—v. a. Barnes,
City Auditor, will receive sealed

and

must. be.

for

outside

bonds, series No, 257:
for $846,000
2.20s, due on May1 from 1949 to 1966

Big Spring, Texas
Trust Co., of
Dallas, J. R. Williston
Sold—The following
& Co., of New York,
and Chas. B.
3.14 % warrants aggregating
$100,- White &
Co., of Houston, at a
000
have
been
purchased
by price of
100.0689, a net interest
Rauscher, Pierce & Co., of San
cost of about
Antonio:
1.775%, as follows:
$300,000
3s,
due
semi-annually
$60,000 street improvement. Due from
Feb. 1, 1949 to Feb.
1, 1950,
$12,000 on Nov. 1 from 1949 to and
$1,600,000 l3/4s, due semi-an¬
1953 incl.
nually from Aug. 1, 1950, to Feb.
40,000 fire station. Due $8,000 on
1, 1958.

to the Town
Treasurer.

SOUTH DAKOTA

banking
nated by the

bids

are

improve¬

ment

for

pay

works

Warrants

reject any and all bids and to sell
ali or part of said bonds.
En¬

South Sioux Falls Sch. Dist.
(P. O.
Sioux Falls), S. Dak.

and

all

tioned.

1961, $22,000 in 1962 and
1963, $23,000 in 1964, $24,000 in
1965 and
1966, $25,000 in 1967, and
$26,000 in 1968. Legality approved
by Huger Sinkler, of Charleston.

able

be

supply the approving,
.opinipm.pf
Chapman &: Cutler, of: Chicago,

and

May 1,

to

revenues

940.000/water

$6,000, payable

to

reasonably Accessary cost of op¬
erating, maintaining and repair¬
ing fhe; system. The Town will

basis of about 2.498%. Dated
Nov.
1, 1948. Interest M-N. Due Nov.

the

and

waiver.
cashier's check for

derived from the operation of said
Urban system after the
prior pay¬
ment from such revenues
of the

from

to

authorize

reso¬

Co., of Chester, G. H. Craw¬
Co., of Columbia, and Kinloch, Huger & Co., of Charleston,
as
2^s, at a price of 100.024, a

Education

tion

bonds,

ton &

a

Board, at its meeting on Nov.
8,
1948, will either exercise its op¬

parity

ford &

secure

the State Permanent School
and it is
expecte.d that the

electric

payable, together with
other obligations, which
may

any

Bond Sale-^-An issue of
$370,0X10
was awarded on Oct.

to

fpr purchase by the
of

and

bidder will be

Counsel, these bonds

are

school bonds

bonds

approving opinion as his bid
specify. In the opinion of

may

system of the Tpwn, lying within
the corporate
boundaries thereof

School; District

South Carolina

CHRONICLE

transcript of proceedings,

required

and im¬

Urban

printed

and the successful

interest payable at the First
National Bank, Dickson
(without

Corp-;: of Neyv

the

certified

Principal

and

York, as previously noted in v.:t deduction for exchange charges or
collection fees). The bonds are is¬
168, p. 1531—:were sold by thO
City sued for
at a price of
.the purpose of construct¬

;

FINANCIAL

(1743)

RHODE' ISLAND

Jackson,

Sale—An

water

works

Texas

issue
and

of

$100,sanitary

,

bonds was

sewer revenue

awarded

Eddleman-Pollock
Rowles, Winston & Co.,

Sept. 27 to

oil

and

Co.,
fcoth

jointly, as fol¬

Houston,

of

$36,000 3V2S, due on Oct. 1
to 1960 inclusive, and

lows:

1949

from

Oct. 1 from

$64,000 3%s, due on

inclusive. The bonds
Oct. 1, 1948. Denomina¬

1961 to 1972

dated

are

Interest A-O.

tion $1,000.

Princi¬

and interest payable at
First National Bank, Houston.

pal

the
All

maturing in 1959 to
1972 are callable on and after 10
years from date, on any interest
paying date in their inverse nu¬

of said bonds

30 days' prior
following prices:
102% of the principal amount if
redeemed on and after Oct. 1,
1958, and prior to Oct. 1, 1963;
101% of the principal, amount if
redeemed on or after Oct. 1, 1963,
and prior to Oct. 1, 1968; and 100%
of the
principal amount if re¬
deemed on or after Oct. 1, 1968,
and prior to maturity. These bonds
are special obligations of the City,
secured by and payable exclusive¬
order

merical

on

the

at

notice,

the

net revenues of

ly from the

City's Water Works and Sanitary
Sewer System after deducting the
reasonable costs of operation and

and due on Sept. 1 from 1949 to
Oct.
18—v.
168, p. 1635—were
receive
sealed bids until noon
I96P inclusive.
Second high bid
Dated Nov. 1,
awarded as 2%s, at a price of
(EST) on Nov. 9 for the purchase
of 101.136 for 2V4S was made by
1948.
Denomination $1,000. Due
96.788, a basis of about 2.925%.to
of $2,520,000 not to exceed 4% in¬
the First National Bank of Chi¬
Nov. 1, as follows: $10,000 in 1949
maturity, to a syndicate composed
terest coupon or registered gen¬
to 1951, $15,000 in 1952 to 1957,
of BIyth & Co., of Seattle, First cago.
eral
improvement bonds. Dated
$20,000 in 1958 to 1963, $25,000 in Dec. 1, 1948.. Interest M-N. Denom. Boston Corp., Harriman Ripley & Shorewood School District No. 4,
1964 to 1971, and $30,000 in 1972
Wisconsin
$1,000. Due $120,000 Dec. 1, 1953 Co., Inc., Smith, Barney & Co.,
and 1973.
These bonds were au¬
Bond Offering
Carl B. Meto
1973,
Principal and interest Kidder, Peabody & Co., both of
thorized at the election held on
New York, Dean Witter & Co., of lander, District Clerk, will receive
payable at The Chase National
July
13,
1948.
The successful Bank, New York City., Bidders San Francisco, F. S. Moseley & sealed bids until 8 p.m. (CST) on
bidder will be furnished with one
are
invited to* name the rate of Co., Paine, Webber, Jackson & Oct. 28 for. the purchase of $60,complete copy of the transcript interest which the bonds are to Curtis, both of New York, Central 000 not to exceed 3% interest
of
proceedings, the
Engineer's bear. The rate named must be the Republic Co., of Chicago, Robert building bonds.
Dated Nov. 1,
Report, the printed bonds and same for all of the bonds and must W. Baird & Co., of Milwaukee, 1948.
Interest M-N.
Denomina¬
the unqualified approving opinion
Co., Prescott, tion $1,000. Due Nov. 1, as fol¬
be a multiple of V4 or 1/10 of 1%. Field, Richards &
of
the
Attorney-General
and The
price offered must not be less Hawley, Shepard & Co., both of lows: $5,000 in 1953 to 1956, and
Chapman & Cutler of Chicago.
First
of
Michigan $20,000 in 1957 and 1958. Prin¬
than par and accrued interest. Un¬ Cleveland,
less
all
bids
are
rejected, the Corp., of New York, Whiting, cipal and interest payable at the
Pampa, Texas
Weeks & Stubbs, of Boston, Braun
First Wisconsin
Trust Co., Mil¬
Bond Sale—The $550,000 water bonds.will be awarded to the bid¬
Bostworth & Co., Inc., Wm. E. waukee.
The bonds will be sold
and sewer bonds offered Oct. 12— der whose proposal results in the
&
Co.,
of New York, to the highest responsible bidder
lowest net interest cost to the City Pollock
v.
168, p. 1532 —- were awarded
Foster
&
Marshall,
of Seattle, at not less than par and accrued
to the Equitable Securities Corp., and the net interest cost will be
Stern Bros. & Co., of Kansas City^ interest,
interest rates bid must
and Braun, Bosworth & Co., Inc., determined by computing the ag¬
Bosworth, Sullivan & Co., of Den¬ be in multiples of !4 of 1% and
jointly, at a price of 100.31, a net gregate amount of interest payable
interest cost of about 3.03%, as on the bonds from Dec. 1, 1948 to ver, Waldo Hemphill & Co., of no bid shall specify more than one
their respective maturities and de¬ Seattle, and the Chas. N. Tripp interest rate. All other things be¬
follows:
'
ducting
from
such aggregate Co., of Portland.
ing equal, preference will be given
$215,000 S^s.
Due on Jan. 1, as
amount the premium offered, if
The bonds are dated Oct. 1, 1948 to the bid of par and accrued in¬
follows: $10,000 from 1950 to
In addition to the price bid and mature serially on Oct. 1 from terest, or better, which specifies
<
1954
inclusive,
and $33,000 any.
the purchaser must pay accrued 1953 to 1973 inclusive.
Callable as the lowest coupon rate. The bondsfrom 1955 to 1959 inclusive.
interest from the date of the bonds a whole or in part on Oct. 1, 1958, will be the direct general obliga¬
335,000 3s. Due on Jan. 1, as fol¬
to the date of the payment of the or on
lows:
any interest payment date tions of the District and are being
$33,000 from 1960 to
The bonds will thereafter, at par and accrued in¬ issued subject to the approving
1968 inclusive, and $38,000 in purchase price.

series

installment,
the proceeds of which will be es¬
crowed, and disbursed on engi¬
neer's estimates, is part of the
$300,000. issue authorized at an
-election* held on Sept. 11.
The
City reserves the right to issue an
additional $50,000 if necessary to
complete the project, but the re¬
maining part of the total issue
cannot be sold unless net income
This

maintenance.

the

times

on

Bonds Sold

—

Rauscher, Pierce

and Russ & Co.,
Antonio, in joint

Co.,

San

both of
account,

purchased
$219,000 con¬
refunding bonds, di¬

Fave

struction and
vided

follows:

as

bonds. Due

$41,000 2%%
as

April 1

in 1949, $4.1950 to 1956, and $5,000

Corp., of San Antonio,
Moore & Co., of Dallas,

follows: $29,000

in 1957 and 1958.

.

1.

$5,000 in

follows:

as

15

Due April
1959
in 1961

bonds.

3V\%

"28,000

Eddleman-Pollock

to

$7,000

1971

in

from

1849

and Moss,

jointly, as

3Vis, due on April
1969 inclusive;

to

$25,000 3 l?s, due April
and 1971; and $101,000

15, 1970

to 1973,

1, 1948.

Oct.

Denomina¬

bonds
will be
optional on Oct. 1, 1963.
Prin¬
cipal and interest payable at the
$1,000.
All of said
maturing in 1964 to 1982
tion

Treasurer's

State

All of

office.

constitute a voted, di¬

said bonds

general obligation of the
and are payable

rect and

District

entire

taxes
levied
taxable property
within the limits

valorem

ad

from

against

all the

located

therein,

prescribed by law. Legality ap¬
proved by Gibson & Gibson, of
Austin.

Levelland, Texas
Offering

Bond

bids
26

will

Clerk,

City

until

8

the

for

and

water

p.m.

—

L. E.

Mabe,

sealed

receive

(CST) on Oct.
of $500,000

purchase
sewer

revenue

bonds,

What Wall Street

REALLY Thinks!
It's not in

the papers, not on

the

but in pu vai.'s consensus,
weekly digest of ALL the leading
advisory services. A one-page
down-to-earth summary of "total
tape,

this

opinion"

on

timely weekly bulletin

Dept. K-l 100, 542

FREE.

CONSENSUS
Fifth Ave.. New York'<» s *

DU Vfll'S Investment




Second

in

a

daily

in Seattle.

newspaper

234s

and

City

high

bid

of 96.665 for

made by a syndicate
by Halsey, Stuart & Co.

was

headed

received until Oct.

successful bidder shall

29 for the pur¬

hospital bonds.

furnish the

printed bonds at his own expense.
Enclose a certified check for $2,000, payable to the

District Treas¬

urer.

CANADA

be had upon

Thorgrimson &

Treasury

nomination $1,000.

of interest may

than one rate

issue

Sold—An

Bills

at an average

sold on Oct. 21

of

1948

and

due

on

Jan. 21, 1949.

Sold—An issue of $500,-

Bonds

bonds, due in three

000,000 1%%
years,

int.

Oct. 22,

Dated

0.403%.

rate

has been sold to the

Char¬

tered Banks.

QUEBEC

Offering

Debenture

City

Denechaud,

sealed

receive

—

Jacques

will

Treasurer,

bids

(EST) on Nov. 2
of

Que.

Rivers,

Three

until 8 p.m.

for the purchase

divided as

$575,000 debentures,

follows:

3%

$148,000

registerable as to principal only. Works revenue bonds was called
\
Bidders are invited to name the Off. '
The. bonds are dated- Nov. 1,
rate of interest which the bonds
1948. Denomination $500. Due $1,are
to bear, which must be in
multiples of 1/10 or 14 of 1%. Not 500 on Dec. 31 from 1949 to 1968
more

r

$75,000,000 Treasury bills was

of

Horowitz, of Port¬

Interest M. N. De¬
Due Nov. 1, as land.
follows: $5,000 in 1949 to
1952,
WISCONSIN
$10,000 in 1953 to 1964, and $15,-'
Loyal, Wis.
000 in 1965 to 1968.
Principal and
Bond Sale Postponed—The pro¬
interest payable at the Central
posed sale on' Oct. 19 of $30,000
Hanover Bank & Trust Co., New
York City.
The bonds will be not to exceed 2V2% interest water
1, 1918.

Nov.

of)

Canada (Dominion

inclusive.

$25,000 in

1949, $12,000 in 1950

$15,000 in 1954 to

and

68,000

Due

Improvement.

1, as follows:

Nov.

to 1953,.

1958.

Improvement. Due
Nov. 1, 1959 to 1962.

3V4%

$17,000

will be
359,000 3y2% Improvement. Due
Mineral Point, Wis.
awarded to
offering
Bond Offering—Henrietta KiefNov. 1, 1963.
VIRGINIA
the
lowest interest cost to the
fer, City Clerk, will receive sealed
Dated Nov. 1, 1948. Denom. $1,County, which will be determined bids until 8 p.m. (CST) on Nov. 5
Clintwood, Va.
i.V
000. Principal and interest pay¬
Bonds Publicly Offered—Public by aggregating the interest pay¬ for the purchase of $9,500 general
able at the holder's option, at any
offering of a $200,000 3%% water able* by the County over the life obligation street lighting bonds,
of the bonds in accordance with
revenue bonds is being made by
series of 1948.
'.///,• branch of the bank mentioned in
Scott, Horner & Mason, of Lynch¬ the terms of each bid presented,
Dated Nov. 1, 1948.
Denomina¬ the by-law located in Three
burg.
Dated Aug. 1, 1948. Interest and deducting therefrom the pre¬ tion $500. Due $500 May and Nov.
Rivers, Montreal or Quebec. The
F-A.
Denomination $1,000.
Due mium, if any, stipulated in said
bonds will be issued under au¬
1, 1949 to 1957, and $500 May 1,
Aug. 1, as follows: $5,000 in 1952 proposal. Bonds will be delivered
1958.
The bonds shall be sold to
thority of Chapter 212, revised
to
the purchaser as soon after
to 1957,' $10,000 in 1958 to 1972,
bear interest at the best obtain¬
and $20,000 in 1973.
All of said Nov. 4, 1948, as possible. The able Fate. Principal and interest statutes of Quebec, 1941, and will
County wil pay the cost of print¬
bonds maturing on ,and after Aug.
be subject to redemption by antic¬
payable at the City Treasurer's
The office. All bids received may be ipation, in whole or in part, at
1, 1960, are callable as a whole or ing and preparing the bonds.
in inverse order of their maturity
purchaser will be furnished, with¬
rejected, but in such case read- par, on
any
interest maturity
at 103 from Aug. 1, 1959 to Aug. out cost, with the opinion of Wood,
vertisement in the manner pre¬
date. However, in case of partia"
1, 1963; at 102 thereafter to Aug. King & Dawson, of New York scribed by Section 67.08 Sub. (2)
1, 1968, and at 101 thereafter to City, stating that the bonds are of the Wisconsin Statutes shall be redemption, the bonds to be re¬
maturity.
If called at the first valid and binding obligations of made
prior to the sale of any such deemed will be called for pay¬
call date Aug. 1,1959, at 103, the the County, and that the County
bonds unless said bonds are sold
ment in reverse order of maturity
yield in each instance will, exceed has the power and is obligated to at private sale for 'riot less than
and serial number. The accruer
3.00% to that date.
Principal and levy ad valorem taxes for the pay¬
the highest bid received at the
interest
on
the bonds must 4b<;
interest payable at the Chemical ment of the bonds and the in¬
time herein set forth. If no bids
Bank
& Trust Co., -New York. terest thereon upon all property
are
received, then such officials added to the price of the bonds a
the
County,
subject to
The bonds are payable solely from within
the time of their delivery.
Th<
will sell said bonds at private sale
taxation by the County, without
the revenues of the Water System
at not less than 95% of the par
City reserves the right to rejec
limitation of rate or amount. En¬
and the Town covenants to fix
value of the bonds with accrued
any or all of the tenders or t
and maintain rates sufficient to close a certified or cashier's check
interest to date of delivery.
for
of the face amount of the
accept in whole or in part any c
pay the bonds and
the interest
Platteville, Wis.
payable to the
County
thereon and fo establish certain bonds,
the tenders, subject to ratificatio
Bond Sale—The $200,000 hospi¬
;
reserves
over
and above these School- Board.
by the Quebec Municipal Cora
tal bonds offered on Oct. 15—-v.
charges.
Legality approved by

chase

'

of $100,000

of the District. The

at the expense

the interest thereon Inc., New York. '
limitation as to rate or Wanatchee School District No. 46
amount.
Forms for bidding may
(P. O. Wanatchee), Wash.

The bonds
the bidder

named.

be

,

when to buy
or sell—and what! Send name and
address to receive next issue of
market

York

.

Throckmorton County (P. O.
Throckmorton), Texas
Bond Offering — Bids will be

$3,000 in 1974 to 1976, $10,000
in
1977 to 1979 and $11,000
from 1980 to
1982 inclusive.
Dated

New

bonds published at least
a
daily newspaper in

without

3%s. due
on April
15 from 1972 to 1978 in¬
to 1963.
clusive.
The bonds are dated Oct.
150,000 4% bonds.
Due April 1, 15, 1948. All of the bonds will be
as
follows: $6,000 in 1964 to
callable on April 15, 1963.
1970,

in

twice

and

bonds

1960, and $6,000

and

deem the

opinion of Chapman & Cutler, of
Chicago, which opinion will be
furnished to the successful bidder

request. The approv¬
Bond Sale—The issue of $25,000
ing
opinion of Reed, Hoyt & school bonds offered Oct. 20 was
000 3s, due on April 1 from 1956 Washburn, of New York City, will awarded
to the State, the only
be furnished the purchaser, with¬
to 1961 inclusive; and $65,000 3143,
bidder, as 2.65s, at a price of pan
out cost. Enclose a certified check
The bonds are dated March 1*
due on April 1 from 1962 to 1968
inclusive.
The bonds maturing for $25,000, payable to the City 1947. Denomination $1,000. Inter¬
Treasurer.
est M-S. Due March 1, 1962. Call¬
from 1959 to 1968 are callable in
able in inverse numerical order,
inverse numerical order on Oct.
Powhatan Coupty (P. O.
at par and accrued interest, on
Powhatan), Va.
1, 1958, or on any subsequent in¬
terest payment date.
any interest payment date on or
Bond Offering— J. B. M. Car¬
after 5 years from date of issue.
ter, Clerk of County School Board,
Spur Independent School District,
and
interest
(M-S)
will receive sealed /bids until 1:30 Principal
Texas
payable at the County Treasurer's
Bonds Sold—An issue of $ 155,- p.m. (EST) on Nov. 4 for the pur¬
office, or at the fiscal agency of
chase of $200,000 not to exceed 6%
000 school house bonds has been
the
State
in
New York
City.
interest coupon school improve¬
purchased by the First of Texas
Legality
approved by Preston,
ment bonus, series of 1948. Dated

follows: $3,000

000 in

11

and

terest, upon 30 days' previous no¬
tice of the City's intention to re¬

t

Indep. Sch. Dist.,
T exas

&

Oct.

bonds are dated

Rowles, Winston & Co.,
both of Houston, jointly, as fol¬
lows" $41,000 2V2S, due on April 1
from 1949 to 1955 inclusive; $44,-

Co.

outstanding.

to be

View

Lake

purchaser on

or about Dec. 1,
1948, at place of
Oct.
purchaser's choice, in New York
15, 1948. Interest J-J. Legality ap- City or in Norfolk.
The faith and
proved by Dumas, Huguenin & credit of the City are pledged to
Bootliman, of Dallas.
the payment of the bonds.
The
City is authorized and required to
Spring Stanch Independent /
School District, Texas
levy on all real property taxable
Bond Sale—-An issue of $150,000 by the City such ad valorem taxes
school house bonds was awarded as may be necessary to pay the

quirement for principal and in¬
terest on all Water Works and
"Sanitary Sewer System Revenue,
Fronds then

delivered to the

be

1969.

All of the

preceding two years
averaged at least V/2
maximum yearly re¬

shall have

1948.

of

—

then

for the

1948

Monday, October 25,

CHRONICLE

COMMERCIAL & FINANCIAL

THE

(1744)

60

Chapman &

Cutler of Chicago.

Norfolk,

,

.

WASHINGTON

Wash.
'
Sale—The $6,000,000 se¬
Seattle,

V a.
*

Details—As pre¬
viously noted in v. 168, p. 1635,
City Manager C. A. HarjelL will
Bond Offering

.

Bond
ries

LL-2

power

municipal

revenue

light

and

bonds offered 'on

168, p. 1412—were awarded to the
Continental Illinois National Bank
&

Trust Co.,

price of
about 2.122%.
at

a

of Chicago, as

2V4S,

101.1'49, a basis of
Dated Sept. 1 1948

mission. Enclose a certified
from
for

a

1%

chartered bank of
of

the par

value

issue, payable to the

chec

Canad/

City.

of tt
f

8

I

& FINANCIAL CHRONICLE

THE COMMERCIAL

Monday, October 25,
Oacsgaay and Issuie—

Exekaage
gfre below

certffha dafff
of the workL

of the Treasury the buying rate for cable transfers m the different countries

BY

BATES

EXCHANGE

OCT.

Gmaranteed

FEDBE3AX. BESEHTE

15.

A Co,

SI.

OCT.

TO

IMS

TO

BANK
iMSL

TARIFF

O^H

TREASURY

Oct 25

EStXCSIYE

PARTIAL

Bajis? p*'*1 Iswr Cafcie Tfcaffififer* m Sir* Tark
TaSae 1st Caial States Mscey

Man/etaiy ITsfiS.

■Oct 21

aaoitgs.gr

Dxt«

<Seb.

ftigtesfoar East..

Fter

Oct.

Ora. IS

Oct. 15
S

OCL0

OK. 29

OK. 19

18

JS7D3*

JESUIT*

251247*

JT5I247*

J25124T*

JSXJilOWr

288088^

jamm*

J99999*

3TI22S1I

3^12296

T213236

1.212396

jnatsft

.8-13851

J8I233&

jksrss®

.55*436

.854486

,S5440«

55*4**

I.MM

1.880680

Tttnaffi

Ossesi

d>Zkr-—
327598

J28S81

jssmm

JB2904W

.ezmw

fcarsma.

Tire

Rssbber

&

CScsed

4331434

poaasd sserfag-

33S535

_aia535

2®8535

4.331484

4.831484

4531484

(Mdnps&ffi). inae—

Official

J*54671*

-

at*

kr«

**

J6H3X3W*

Free

-331678

1479

3HIC71

peso.

.14*2*1

T44292

.1444IS

.1444IS

-XTsamt

^7€S0«

37w369

JkTVItlO

dat

Phi

2,

1952_S®t

<M.

Ai

Lake Facad

Cto_

•£

debentiarM dm.

1M3L. Nor

1241
1358
1360

1

ser.

*4X5 preferred stock

Cou, 2&A esige^ 3^

15

VaScaaaed F3»re

debentares.

doe

I960

ceoeruares.

dec

I960

:

1

944

«=

1256

1

148

1

5.JT

1484

12

%or

Si

FeepSes Breatcg CO. of Trenton, 1st mtge. 4s. dae
lS53_3f<rr
Pound 8 Rsasfcrd Pi2s By, 1st
mtge. 5s. dae lSaljMvr
SpaMizg **-A. G.» A Bros. Ioc^, ST#- debeBtores
j>^Ctctary-Fox FBns Corp-

158l

I

CO.—

45«*«

846

,

bee
I_Sot

boods. dsse 1972

MaiaisaB-WeEs Cb..
aacoase debeacores, doe
15^
3tQT
Mlsaeapoiii Gas Ugbt Co, 1st astge. 4s. doe
If^t—Luec
Coatainer Cetp, 5"r
detoesrsres, dae 1959—_5or

Waeosstn PsMsc Serrice

I

-

Ibtrail
Satuacatt

1477

1

_Oct

p;rie:;ed stock. JHor
Great Satcsls Bay Water Co, 1st ref.
mtge. 5% doe 1*4*

J4441S

MHfrgrtag&s,
fxDder.
■ewfamHacd, 6»Car-

1959—jw

Co.—

dstjesstiares. dee 1941. 4li*J

lf#

Twentieth

JS3IS78

581623

India, Domsszam «S, rspee.

*«

#«•

*JCr

ice. boeafs,

mige.

4?* "7

-2G8535

4.822434

jnss25

OeMBMJk. kToceFrance

.920615
sao^so

92S853

J38625

Free

Cacfaariigttla.

L.9®®99»
'

dhae

57r jKeferred swek_.
difeeeJares due i960

Cterp. 3l.«7r

-922859

jgfr443*

2.212=34

—■

bocds.

Garp^

Vasraee

lat

Ftrestooe

J2SI247*
.*j£FjHi5w«Wr

frasc.

po®ad

snd

Dodge Manafsctari^ Corp. 4'#

J237T3T*

cTffiwir*.

JUKtraha,
Brad

Aaneaaeaa

stock

.297733*

J297733*

297733*

"regisuar"" products
•raio-regklkr''" prodacsa-

For certain fe^ostslutl p?ȣacta-

Isacu

Cetocex

4

S

S

4

1628

REDEMPTION

Algrama Ocsral TtraeaaEs, Lid.—
1st

Aggrattsa, peso—

141
hi

llu_o- 23

OnpxsyiBdlSEte—
Country

136a

rT .
»7T

good tsmst cenifkatas. series E. dae
1952 Oct

Gall SaSpliEr Co, capctol stock.
WlKsmao Central Ry^ 1st gm. mongzgs
4s. dse

CP

ACT

Da8c

Isc. class B stock.
Mortgage Crap.—

24-year taCaseral tnst bonds, series A. <£ae 1954
Special fiafflerest ocees (ssaiUcbed to toe*h»
I^Dmyfraroji Co.—

record for the week just passed:

a

roeZIGS

UL*

CcJoffi

requirements of Sec-Jan 522 of the Tariff Art of 1330 the Federal Resera

Pursuant to the
to the Secretary

Bae

1515
158j
1366

1

1

1367

j

*-"T

Corp. 1st msge. bds, due ISTJJSor

1487

22
1

pfd. stock

prior

1406

.375811

Mexico,

ENTIRE

32S54I

52508O

325625

3391542

3v»1542

3591542

JStl536

31391542

y/akai

391586

381588

-291588

j0**3ra

848314

.848314

.843312

-840321

jc91324

esead©.
pesm.

.891X24

.891324

JS§ 1324

591324

273228

kroii*-

J278223

12712^
J233S29

233629

4.887504

4397589

4.807540

J833380**

South

4JW7509

AilMPt

35839ft

J638388**

.278228

J33S2J

Biteatoi franc
a£

CSosed

281388

krosf

1569000

srszm-

3.992542

928123

Free

UMh8Q9G

UM0898

Lf«l«KM«5

oeant:

!*
i

Africa,

_233«2S

4W3I

pocrsd.

Closed

rrapif. peso.
ITragmy. peso.
YFrwgaay. peso.
s?r*r»?.l

578238

348223-*"

.588223**

588223**

588223**

J«1T»**

5*1799**

561799**

5617^**

331909**-

531989*f

531999* *

531909*1

*4TeasperanIy omct&ed

tApsftcaeaoa depends npoa type of isserdsasdiae.

W.

47-

Reserve Baeks Combined

trict

and

$64,000,000

at

all

reporting

member

banks.

"Other securities" decreased $30,000,000.
(la tlMeaMtBdx ef doHars>

Demand

adjusted decreased $72,000,000 in
New York City and increased in most of the other dis¬

Increase (41 or
decrease (—J ^sce

Oct. 12.

Oct. 28.
IMS

Odd
Wath

certifies!
ii ji

t

22.07S.43I

fund

u

IMS

t

lor

F.

Oct. 22,

1*47
$

19993

+

S38941

R81S

—

22.7iW.2Sf2

1,732X2

247.173

ZMoooamts and advances
Industrial leans

+
+

12.040

■+

164.202

2IMtf
1.129

731

—

Acceptances

2.122

—

0. 8. Govt. aeesraaes:

Bills

5547.342

—437.554

Certificates

621®. 163

—'

ftotes

501.400

—

10.132.397

Total 0. S. GtwiL seetsrffiesL.
Total loans and seeurz:ses__
D* frtm
F. R-

39®. 443

—111-361

—322.968'

49
+

3L15S.0C3

Boak pre«ci3«SL_.
Osier assets-

—7.017X2
—

+

22584

24+4®

284.782

719.257

+9,42+707
4

182.798

*932

+

assets.

4S.3S3.722

4-

25AM

$152,000,000.
Demand deposits credited to domestic
banks increased $65,000,000 in New York
City, $30,000,000 in the San Francisco District, and
$103,000,000 at all
reporting member banks.

Borrowings increased $76,000,000 in Chicago, $35,000.000 in New York City, $23,000,000 in the Cleveland
Dis¬
trict. and $157,000,000 at all
reporting member banks.
A

of the assets and liabilities of reporting

member banks follows:

183 839

+

Axxel*—

Trans aad

Imesfcmesfs—total

mortgage and leasefcoM 5%
Rational S&th We?gM Corp.—

—

55X11

Member back—reserve acct.
8.

Treasurer—ges.

i5.fi MOS

1524,24*

acet.

+
—

454372

Other

438375

Total

deposits.

Total

Iiafe£Sfcie4_

25IJ

—

-r

«M£7

41.613
LII4

—

49.17x759

+

28.735

3X5.7*3

Iraos

45X23+

—

ftv York Gas A
Purchase

Other capital

199985

922.8+4

aerees.

+

X785923

+

24X792

5954

—

+

257X539

17

4.194
8X4

11424®

certificate

49.943.722

5,2554

+

25984

58.514

liaMSSty on
for foreign

parefcased

+

3945.7*3

Lamber

1.274

1

ernment

An

increase of $183,006,000 in

loans,

a

increases of $265,000,000 in re¬
serve balances with
Federal Reserve Banks and
$152.000,000 in demand

deposits adjusted.
and

creased
all
ers

agricultural

loans

in¬

$78,000,000 in New York City and $147,000,000 at
reporting member banks. Loans "to brokers and dealfor

purchasing

or

carrying United States Government
$94,000,000. Loans to

and
other securities
increased
franks decreased
$68,000,000.

Holdings

of

Treasure bills decreased

$188,000,000

in

hew York City,
536,000,000 to CJiicago, ^ jj^ooo.ooo




i.

Jon.

72004

>49

11591

Oct

28

bouts, doe

1258

J.

3Sot

15

1588

1957

JfoT

3

1486

1966

Works Corp.—

in

series

doe

A.

Corp. for the Dsocese

of

Coal.

:

,

Ontario—

Iron

A ER.

Dec

•AnnoaEceaietrt

in

tnis

1

1149

Dec

1

1149

Oct

3*

•

Any time

1260

Co.—

issue.

fVaL

1S6.

JVoL

1S5.

»VoL

167.

f¥oL ISA

0.

S-

Cash

147

4*

4

1555

Ifstse of

+

+

+

14514

—

—

+

Amencac.

Seating

Applet on

Company

1st

1.063

77

2nd

119

265
'

+

+

1.967

9S

•>

«S

357

—

152

334

11

+

375

18

4

236

183

—.

18

1310

41

Beck

S.I

I A.

4*4

Shoe

preferred

SS

preferred

43

preferred
Bros.

Corp.,

Conn

12-1

10-29

1

10-29

12-

12-18

11-24

1

11-15

11-38

11-19

12-

10-22

10-28
12-

1

11-12

12-

1

11-12

12-

1

11-12

42

•

k

Adding

Jackson

NOTICE OF TENDER

10-25

1

11-15

19

pfd.

I-14
11- 1

11-15

75c

11-15

11- 1

11-15

11-10

41.50

12-17

12-10

15C

12-

11-24

1

5c

11-25

11-15

11-25

11-15

iquar.i.

15c

iquar.i.

Sl.l3*a

Water

Service

preferred

C

11- 1

11-

1

1

11- 3

11-15

10-30
10-30

12-

30C

11-15

27*ic

11-15

10-30

f 32'-aC

12-20

11-19

1

11-15

Co.—

iquar.i

Canada Cement Co., Ltd., 41.38
pfd. iquar.i
Canada Safeway. Ltd.. 4^'v
pfd. iquar.i
Canadian Bakeries. Ltd. 1initial ♦
Canadian lee Ma chin. Lid., class

241.12Lx

12-

iquar.i

Mills

Arixona

220c

1-3-49

12-15

220c

1-1-49

12-15

41

A

Carthage

12-10
12-10

50c

iquar.i

10-28

10-15

Light <& Power—

iquar.i

17 lie

:

12-

1

II-10

27*xC

12-

1

Foundry Co.,

Service

Sugar Co.. S.

West

Tax

of

A.

1

resumed *_

firreg.l

Mfg.

A

41.20

preferred

11-15

$1.50

11-16

10-25
11- 1

11- 8

11-

1212-

8 7T0c.

Co

Chain Store Real Estate Trust

Co.

1
1

11-15

25c

$1.25

common

5%
preferred iquar.i
Central Vermont Public
Central Yioleta

Cuban

I1_L„

17C

20c

I

iquar.i

11-10
11-15

75c

preferred

(stock

Cochrane-Dunlop Hardware.

125A

10-15

25c

iquar.i

iquar.i—..

Machine

City Investing

*
„

18-30

1-31-49

25c

quar.i_

:

.

4.4^

Class

Not 1Q

11-

43

*

1578

10

1

11-15

SC

increased
\

415*7
Co.

Chapman. Valve

Oct

1

—.

common

p»««
Sot

1

11-

12-

Extra

California

Central

10-20

11-

15c

Byron

gives the location in
given in the "Chronicle."

10-20

38c

Co

Brothers.

Less

i

25c

Extra

last date for mak¬

11-

5c

Die

Burroughs

bonds, notes,
redemption,

10-25

41.50

6'*

Central

11-15

1

4 L.183*

;

eonr.

12-13
11-

75c

<reduced»

common

quar.l

11-15

12-13

58c

41

iquar.i

Tobacco,

Butler

for

of

Railroad—

Extra

sinking fund provisions

bonds

10-29

41.75

tquar.i

Co.

!«-&»

BLaumer's- iPhila*.

41.10

Ehcott Square Co, 1st
asqxtgage 55*

10-20

1

12-

41.58

Bueli

27,7211

list of corporate

Asaacwa Port Caccession
Corp^ 87 debentures—
Eastern Sugar Associates—
45 preferred shares of
beneficial interest

11- 5
.

48c

iquar.i

iMass.i

10-25

—

Quarterly
•!+1r&
Company and toe—

37^ic

iquar.i

42.25

common

28

page number

were

75c

_

1

63

+
—

Revised figures

Notices

which the details

Coast

Common

or

Illinois

fquar.i

Commercial Corp. iff. Y.I
iquar.i.
Beaux-Arts Apartments. S3 prior
pfd. tquar.l
46 1st
preferred «quar+

Central

redemption

of

preferred
Iquar.i
Blumecthal fS • A
Company

Redemption Calls and Sinking Find

Ihe date indicates the

62»^c

pfd.

Belding Heiuinway Co. iquar.i
Beneficial Corp.. common
iquar.i

gross

called

18-30

50c

—

Bankers

IndiTidaal loan hems are
reported gross,
Wfore deduction of Talsatlon
resenres. instead of net as
preTsously
Year-ago figures have been adjusted to a

stocks

iquar.i

lqnar.1

preferred

5.727

prmceis week

under

preferred

Line

reported.

called

pfd.

lirreg.l

Lane

figures rerised »So.a Francisco
Dastrictl.

common

Co._

Atlantic

157

<

17.710

a

12iiC

11- 5

11-28

75c

Co.

Associated Dry Goods,
67

*2

Leather, 67r

Investment

57

11-16

11-20

6c

iquar.*___„

Atlantic Coast

+

Go+X

Below will be found

&

11-15

12-

4c

Jquar.i

Hide

10-30

1

STisc-

iquar.t_

»qi-ar.i

Corp..

preferred

preferred

11-15
12-18

12-

'

General

882

+-

284

except

week

finrg.*—.

Machine

11-15

30c

preferred

I

750c

—

.

Gas

Boldrt

When

Finable ol Bee.

41.25

pfd. (s~a»

iquar.i

Shares

459

187

1.425

0.

$1

34**7

Business

American

Bloch

accounts,

ing tenders, and the

Amencan

5,031

38

+

9.127

and

Airlines.

1

—

1.663

deposit

Co.

19

__

46593

banks

are:

ShMTS

Cement

54

—

—

2.315

8. Gocema&ecs
deposits
Interbank demaod deposits:

including those

Sseei

Portland

American

551

+r

129

—

14538

0.

week

'

386

8.

Cass

693

—

1

213

—

this

Company

2

-t.

63

—

—

4.378

deposits adjusted
deposits, except' Government.

announced

Acme Glare Works. LfiL.

American

—:

19

+

LT17

Reserre

,

dividends

275

5

4.456

Demand

preferred

The

42.58

Liabilities.—

*

Department" in the week when

194

—

2

—

25.151

saalt

6

ord of past dividend
payments in many cases are given
under the company name in our "General
Corporation
and Investment News

*3
228

1.698

Es^aets witfc. demestx backs

133

_

54

+-

171

of

40

4.

3.865

and

we

Special

33522

secsuitaes

Interbank

Then we follow with a second table in
show the dividends
previously announced, but
which have not yet been
paid. Further details and rec¬
which

American

309

stxsr&xs—totaL

Federal

week.

current

Aiioy

basks

witfa

are grouped in two
separate tables. In the
bring together all the dividends announced the

we

Alpha

obligations

beads

la

Dividends
first

2.456

417

de¬

securities, and

industrial,

2t24_

General mortgage 5s. due 1951

2531

444

$213,000,000 in holdings of United States Gov¬

Commercial,

Tennessee

American

icstcs

daring

reporting Member
System in. leading cities
following principal changes for the week end¬

13:

of

Acrtime

dae

first mortgage bonds, dared Dec. 1, 1939
3 $45- and 4M note issra. dated Dec.
1. 1934
Swan Rabter Co_ convert iWe preferred stock

+

1.24®

The condition statement of
weekly
franks of the Federal Reserve
Oct.

Water

Alexandria

+•

tBeginning June 39, 1948.

crease

1949

bo&ds.

4%

133

35S9

Trexmrjr bSIs
Treasury certificates
Treasury iaetes

1,772

24

imfss-

Conditio! Statement of Member Banks
ed

doe

Copper 8 Brass, Dae.—

mortgage 57
bonds,
Roman Catholic Episcopal

134

pax-

loans.

GsTenam

*Oct.

.shows the

bonds,

debe&tnre

Co^ preferred stock

1st

+

securities

Debits to demand

6.2'

+

6.W9

nsake

dealers lor

Foreign banks
Borro*ing3

trial loans

4'i

65

mortgage 3^7

+.,

stemritaes

coar*
■

to

a ad

Go+erofffceo;

estate

Domestic
«47

Co.,

Per

carrying:

MS*

twpocidetrts

ConueitmeBts

S.

to

8.

Time

tc-

deposit azsd F. B.
liabilities coatbeaed—

or

Ira a s

0.

88

to

Ooottesent

Real

1X183

—

27X2

nccoems.

fold

brokers

CXber

7.781

.+

44X189

Total KaKIisies A
cap. aeets.
oi

to

Eeaene

paid fat.

1364
1257

maze*

Ohio Power

24563

Other kMms for p^rchasmg or
carryteg:
0. S. Gmensmeasi oMigasaara*

-2.872.43g
.+

Capital Rtwais—
Capttai

1

1947

—

15,458

Otlaer

Other

•wptas (Section 7»
Bhrrptaa (Section 13b*—

Sot

bonds, doe 1949
Any -imf
EEeetric Light, Beat k Power Co.—

1st mortgage 6**

24.714

Other

>

2.753LS+5
14*88

234

—

22333.c3s

Orferrerf araEafcaSty items
Other fiabu, incL acsroed divx.

7*422

21951

income bonds

«

1250

Ocx 15.

IMS

—

Iran-*—gross*
GeasBertiaJ. iadassiial. sod agrscaisoral

128.738

•r

Oct. S.*

(la mSioEs of <5oHar*i
62.114
68
2586

Trans—Get

97*
+

13,

1943

M

8.S51.

U.

2+mi.35s

—

1477

T2410
1314]

declared.
Inc. ( + ) or
Dec. (—> Since

UR.4C

+

+

Depor.'ss:

note

summary

cfcafteg

Federal Reserve testes

the

j

was

1.419.143

5

—

in

j»»h

District outside of Chicago and in the Kansas City
District; the net increase at all reporting member banks

UaMBties—

«atSo

being $50,000,000

knns

Total

0.

increases

1955

San Francisco District and $43,000,000 each in the Chi¬

401.300

+

—

135.467

tte@ta___

principal

Oel.

23.4SI.f2S

forego banks

Notes of other basks

CJncoCected

+

23.19l.508

309

10.500

tricts, the

due

cago
4 L792.761

B.

Total gold ctf.
Other cuh

deposits

F,

1st

Ricamocd

Stateneit of Coaifioi of the 12 Federal

series

notes,

Agpalscluaaa Power (X 4*5 debs^ series A. doe
2t24_JnIy 1, 49
Baste ESecaic Power CX, 1st aatge.
5s, doe 1951—__Any tlae
COonsry Life Press Corp^ S-V preferred stock
Dec
1
KiisgsbQjrg Cotton oo. Co.. eonrertdiie preferred Stock. .Sot
1
Motors ssp Garages of Illinois. lac.—

1st

reporting member banks, and increased $31,000,000
in the St. Louis District
Holdings of United States Gov¬
ernment bonds decreased $31,000,000 in the
Chicago Dis¬

Plfl

Paper Co_ Inc.—

coETert^e

Rerere

at all

1406

CALLED

COap&cy and Issoe—
A. P.

P5ekerisg

•Bearhxai rate.

ISSUE

dividend!

iquar.i

25*515C

10'20
10-20
11- 3

1

11-10
11-15

Ltd.—-

iquar.i

|20c

(quar.)

11-15

$1.06 Ve

11-15

10-30
10-30

11-15

230c

iquar.i

Cosumbia Pictures Corp, $1.25
pld.

.

11*

THE

Number 4745

168

Volume

Per

Share

of Company

Name

$1.07

rnlmos

CO. (MO.)

V&4VaS'l^preferred
no

Railway &

Has

P7«!

preferred

K

Common,
Common

11-

10-21

35c

11-

1

10-20

$1.75

11-

1

10-20

$1.25

Mississippi

11-

1

10-11

$1

Terminal Co., com. (quar.)

$1

10-20

40c

10-15

11-15

10-25

11-

1

10-25

$2.25

$1

10-26

10-16

Mountain

Morris

11-

1

10-22

11-

1

10-23

$$1.25

42-

1

11-13

t62V2c

12-

Anglo Investment Corp., Ltd.—

C.)

(G.

Nachman

B

J25c

Ltd. <quar.)_
Brothers, Ltd. (reduced)-,-,-^—
Corporation, comhion_i
\>'o preferred (quar.)
;—
nun & Bradstreet
(quar.)
Eastern States Corp., $6 pfd. A (accum. 1 ___
$7 preferred A (accum.)
—
Edgewater Steel Co., common (monthly) _,,

1

11-

1

12-

J20c

1

$7

1-1-49

12-22

30c

12-10

11-19

$1.50

1-2-49

12-

4 Va 'to

5%

3

preferred

National

Tank

1-2-49

21c

10-25

10-15

National

21c

11-24

11-13

Neilson

(Wm,),

21c

12-15

12-

Niagara

11-

1

10-21

Normetal

10-30

10-19

North

B

25c

10-30

10-19

50c

1-3-49

12-15

Nothern

J 50c

11-19

10-30

Northern

75c

12-

1

10-29

Northwestern

—

preferred (quar.)
Empire Star Mines, Ltd
,,,,*
Equity Corp.,
$3 conv. preferred (quar.)
Faber Coe & Gregg, common (quar.)
8'f

preferred

4

11-15

1

10-20

Noyes

1

10-20

Oklahoma

12-10

11-30

4%'/o

15c

12-10

11-30

31V4C

1

11-

6

10-26

Food Fair

10c

—

_

12-15

12-

1

12-29

12-

1

12-15

5%

__

12-

1

Natural

tax

is

Paint

Co.,

Goodall Rubber
Preferred

Ltd.,

Power

Company

Union

Grayson-Robinson,
Great

West

Felt

Dock

Ltd.
6 %

Hale

Hamilton

Oil

Pacific

Mills

11-1

Co.

12-15

11-18

11-15

10-29
11-

11-

1

10-16

$3.65

12-20

11-15

Plymouth

$1

12-20

11-15

Stock

20c

11-

10-26

25c

12-

11-15

50c

11-

10-25

$22VaC

12-

11-10

50c

12-

11-15

25c

12-

11-15

(quar.)

.—

(quar.)

;

5

1

B

(quar.),_,

A—

••••'

B

Hayes Corp., 5%
Hecla Mining Co
Hires

prefe-rred

$1.25

______

E.) Company (quar.)
conv. pfd.
(quar.)___
(Henry) & Co., $1 class A (quar.)——
Hub Loan Company, 5% preferred
(quar.)__
Hudson Motor Car
(quar,)___
.Extra

Co.

(quar.)

6%

convertible

of

(quar.)

Owl

Stores,

A. (quar.)

preferred

1-15-49

12-15

1-15-49

1-15-49

12-15

11-

1

Investors

Corp.,

..

11-

1

10-18

11-

1

Class

10-18

!

(Brooklyn,

,

nTy!)

4'Vst fo

preferred

Inc.

2

St.

Joseph

Stock

1

St.

Paul

11-12

11-

1

12-

1

11-15

12-

3

6%

■

'

,

.

(irreg.)
pfd.

3

11-15

Carbonic

—

II-

1

12-14

Inc->

SSi.'Joint

fee

$1.50

Pfd-

(quar.)

—

11-15

11-

11-11

1

12-

1

11-

11-15

10-29

11-30

11-15

11-0

11-15

11-

11-

1

10-14*

11-

1

9-30

11-

1

10-15

,

9

tributed at the rate of 28c for each l/75th
share
of
Detroit Edison
Co.
Additional

preferred

5%

for

common

Fractional

but

cash

shares

will

be

dis¬

dividend

6%

(quar.)

Co., common (quar.)

25c

preferred (s-a)

American

News

American

Paper

1

1

Edison

held.

American

Metal

Stock

•

dividend

$6

$2.50

11- 1

10-20

11-

10-20

1

Products—

100%

preferred

10-25

$3

12-18

12-

1

9-15

Finance—

(s-a)
Co.

(bi-monthly)

Goods,

7%

pfd.

25c
(

quar.)__

11-15

11-

5

$1.75

12-15

12-

6

10-20

American

56ViC

10-29

10-15

15c

2-1-49

1-15

American

$1

11-23

11-

15c

2-1-49

1-15

American

50c

11-30

11-5

25c

12-21

11-22

$1.75

10-29

10-

6c

(quar.)

—

25c

4%

11-

Screw Co., 4'/a%
pfd. (quar.)
Shipbuilding
Co
Smelting & Refining, common
1st
preferred
(quar.)

7%

11-22

American

12-21

11-22

American

1-1-49

11-22

12-21

$1

Thermos

Bottle
(quar.)
Corp., common

Viscose

:.

11-

25c

—__

(quar.)

—

10-19

11-15

10-25

45c

11-15

10-25

(quar.),

40c

12-15

11-26

$1.12 Va

12-1

11-16

$5

25c

11-12

10-29

Anchor

50c

common

10-21

10-14

6%

——

(quar.)________

(quar.)

1

8

8

10-20

11-1

10-18

1

10-18

10-27

10-13

10-27

50c

10-13

5

10-25

11-18

12-

1

11-18

11-

1

10-20

(quar.),—

Inc.

South

Ltd.,
Oil
Co.,

Bend

Lathe

Southeastern

Works

Greyhound

California

California

Southwestern

$1

12-

1

11-

9

Sovereign

1

12-

1

11-15

12-

1

11-15

11-15

12-17

11-12

60c

11-30

11-15

30c

12-

11-12

(quar.)

Lines.

30 VaC

Plastics

Gas

Co.

Insurance

Co.

(quar.)

2c

10-30

10-19

11-

1

10-20

10c

11-

1

10-20

$1

11-

1

11-15

11-

$1.06

1-1-49

12-20

Chemical

Standard

Oil

Sun

Company

(quar.)—

(Conn.)

Ltd.,

Co.,

4%

__

(quar.)

$3

1-3-49

25c

11-15

1

11-15

11-

1

20c

10-30

10-18

Toro

Torrington

(quar.)

(quar.),

Extra16 Porcupine Mines,

11-10
12-20

Ltd.

(quar.),—

40c

11-

1

10-20

11-

1

10-20

'150 V4C

12-

1

11-

12-

Mfg.

Bank

1

Union

,cluar-l

011 C°- <?-*)—

Wldwest Rubber
Reclaiming

1

11-

1

United

Light

12-15

12-

1

(One

share

11-

1

62V2C

1-2-49
11-15

11-

1

30c

—

11-15

11-

1

25c

.(50c

1

10-30

12-15

11-15

11-




12-15

11-15

25c

10-30

10-18

1

12-

1

10-29

12-

1

10-29

12-10

11-15

11-

12-15

11-24

1

1

11-15

12-

1

11-15

15c

&

10c

will

cash
4ic

for

shares
be

each

will

1-3-49
12-

1

10-31
11-15

10-30
11-

5

10-20
10-30

1/50

preferred

be

Atlantic

at

the
of

rate

r

pfd.

4%

11-13

11-3

10-25

10-25

10-11

11-

1

10-15

11-

1

10-15

$1.50

12-

1

1 12-

1

10-29

$1

(quar.)

11-

1

10-

10-29
8

,

(s-a)_

$2.50

Refining, 4% preferred A (quar.),
preferred B (quar.)
Imperial Diesel Engine Co.—
Series
A
preferred
(quar.)

3%%

Atlas

Plywood Corp.

Atlas

11-10

10-25

$1

11-1

10-

5

11-

10-

5

93%c

1

&
Co., Inc.—
convertible prior preference

10-22

Electric

Service

Canteen

$2.25

preferred

Avondale

Mills,

i 62 VaC

3-1-49

3-19

$4.50

preferred

25c

11-10

10-29

Baldwin

Co., Ltd..

Co.

Manufacturing

10-20
12-18

6%

of

10-29

12-18

$25c

(quar.)_

11-

1

10-

11-

1

10-15

4

(quar.)_

11-1

10-20

12-15

11-20

12-

11-15

25c

Corp.—

1

>

56V»c

(monthly)

11-

1

10-15

8c

11-

1

10-15

$1.12

11-

1

10-15

$1.50

(quar.)

Company
(quar.)
Co.

Baltimore

Porcelain

convertible

Bankers

Bond

11-18

c

1-3-49

12-15

53c

1-3-49

12-15

Barber

(W. H.)

50c

1-3-49

12-15

Bareco

Oil

$1.93

10-25

10-15

America,

&

Co.

10-15

10-25

10-15

1-2-49

12-14

20c

1-4-49

12-22*

25c

11-15

Steel—

preferred

(quar.)

Mortgage Guaranty Co.

common

72-31*

10-25

8%c

(quar.)

1-15-49

15c
5c

Rubber

Extra

Extra

30c
115c

common

America

(quar.)

common

preferred

Baldwin

7%

10-20

1

Nichols

$1.20

Avco

1

11-

J$1.37V2

—

Austin

12-31

11-

$1

(quar.)

Co., 4% pfd. (quar.)__
Atlas Steels, Ltd. (quar.)
Ault & Wiborg Proprietary, Ltd.—
5Va% preferred (quar.)___
—;

56V4C
62V2C

Powder

10-28

58%

10-29

25c

(quar.)___

Atlantic

12-16
x—

1

Atlas

Automatic

American

10-29

12-

22VaC

preferred

non-cum.

10-15

&

1

1

15c

x.

Atlantic Coast Line RR.—

10-20

of

12-19

12-

Ltd.—

(quar.)

City Electric,

Auto

issued but

12-23

12-

$2

11-15

shares held.)

50

12-19

$1.12V2

(quar.)

3

(quar.)

10- 8

12-23

15c

Extra

10-29

11-

10-8

1

7 V2C

Corp
Telephone Co.,

preferred

5%

11-1

11-

10-18

25c

Atchison, Topeka & Santa Fe Ry

1

& Traction

Light

sh«re

5%

8

10-18

$3
Co.

Inc.

4V2%

10-

1

11- 1
11- 1'

$1

Equipment

Associated

11-

$1.12V2

Corp., Ltd., common (quar.)_
4'/2%
convertible
preference—

12-

Co.—

Traction held
—
7% prior preferred
(monthly),—
6.36% prior preferred
(monthly)
«..;;c6% prior preferred (monthly)
United Public Service
(liquidating),
Light

Archor-Daniels Midland

Aro

12!/aC
62VaO

1-J1
10-15

$1.12 V2

(quar.)

(quar.)
preferred (s-d)_

Argus,

10-23

10-25

$56V4c

(quar.),

com.

Common

6%

11- 1

Mills—

1-3-49

—

distributed

of America,
(quar.),,

preferred
Cotton

11-15

10c

—

not

Co.

6 2 VaC

Y.)

(quar.)

Railways

$4.50
Arcade

7

1-31-49

5c

Appalachian Electric Power—
4 V2 %
preferred
(quar.)

$1.25

a.

of American

Trap

40c

—

25c

<N.

11-15

12-

UVaC

—

stock for each

Fractional

1245

50c

(quar.)

common

,; <>

-

1

11-

i

11-15

California—

CO.

Storage

11-

11-15

91'Ac

—

(quar.)

Common

15c

Corp. of
(ouar.) „'

Corp

Co

&

preferred

15c

(quar.),

Soqth LaSalle Street Corp., com

15c

pretmfd 0("!af°;' comTn

Oil

11-15

10c

(quar.)

Trust Co.

&

37VzC

}$1.00 Va

Co.

Manufacturing

Trade
208

Power

Water

37VaC

40c

fully partic.

Associated

Tide' Water
Tide

11-30

8

37VaC

(quar.)

—

Gold Mines, Ltd.,,--—-—--.
Corporation —
Bros., 3.65%
preferred (accum.)
Thompson (John R.)
Company—
—

is-a)_

1-3-49

8

12-

50c

Sylvan.ite

Working Co. (quar.),—I
^■tacoii" CorpI^"'
"" ""

35c

12-

12-15

25c

Thalhimer

$1.25

12-15

f 10c

Taggart

commonZIIIIIIIIIIIIZI 11

11-30

12-23

25c

preferred

preferred

2nd

5

12-15

1-12

t $1.25

common

(quar.)—

6%

Oil,

Swan-Finch

5

11-

1-14-49

45c

(quar.),————————
Standard Steel Spring
Co
——
Stein
(A.)
& Company
(quar.),—
——

11-

Co.

1

11-29

10c

preferred

5

11-

?xr& AbinSdon Telegraph

11-

12-13

12 VaC

—

Water Co.

11-15

Extra'

11-15

20c

1

,,—IIIIIIHIIIIIIIII—

5

37 VaC

(quar.)

_i

Stamford

1

50c

11-

40c

—

—

Brothers

G.)

(A.

Extra

11-30

50c

—_——

(quar.)

Investors

Spalding

1

6

Steel

Argus

11-10

25c

12-15

(quar.)

Natural
Life

12-

$$1.12Va

(quar.)

12-17

Edison—

preferred

4.88%

$1
$2.50

Southern

12-

25c
50c

———

(irreg.)
4Va% preferred

Compeny

Southern

$1

$1.50
$1.50

11-

1

11-10

(quar.)
(quar.)
Conveyor

1

5%

1

10-

1

Products—

prior preferred
prldi* preferred

Animal

11-

11-

$1.25

1

1

1

Post

(quar.)

11-30

11-

12-

prior preferred

11-15

Smelting—

12-

Sheraton,

10-29

Products Co., common,,5,
25c
'(participating25c
Works Co.__—
30c

12-

(quar.),—

11-

Water

American Zinc Lead &

6%

Co.—

$1.25

Vitrified

Preferred

/American

10c

11-

11-15

1

25c

10-30

15C

(qu"ar"j"IIIIIIIII1IIIII

10-25

45c

Mining Syndicate, Ltd.—,,
Banknote Co., common (quar.),,,,
preferred (quar.)
—

1

11-15

American

35c

(quar.) *_

common

Arabian

1

11-30

preferred (quar,),,,_„____x_„__„

Anglo-Canadian Telephone Co.—
4V2% preferred (quar.)

1

37 Vac

5%

5

12-

87 VaC

common

(quar.)_

$1.50

11-

11-15

Extra

5

Detroit

issued

1

11-

11-

Midi Preferred

5

11-

of

shares

be

12-

Co.

,12-

12-13

Acce'Ptance

11-

11-15

75
not

—

Works

$3

11-15

^SpecfalFrank C°'' InC-

11-15

share

15c

30c

,»#

will

10c

Saudi

1

88c

Corp.,

each

5

1

■

Yards

Paper

12 V2C

Marathon

One

5

11-

—L

Regis

Skelly

}2c

1.—

common

St.

1041

1

50c

jj8? Preferred (quar.)
InitfQiBailcorPoration'
inital
stock

1

11-

Anchor

11-

& Sons' common (quar.) —
A

11-

11-15

11-15

11-29

—

Simpsons,

& Nashville RR."lqu~a"i%j"IIII—III

j'i;4*', Preferred

11-15

12-15

10c

Products

10-18

30c

—

11-13

10-28

5c

common

(monthly).
,v
American Light & Traction (stock
dividend)

11-

Marine 'Insurance

&

t20c

(quar.)—

Lucky Stores, Inc.
Lynch
Corporation

10-23
10-21*

37VaC

Co.,

(quar.)

11-10

10-30

11-30

$$1.75
(s-a)_

Pipe Co> <monthly)

Special

Hoe

Home

11-15

(quar.),,

common

1

11-30
11-15

50c

11-15

Southern

°n Thea*re Co* (quar.),,—

Extra

American

1-2-49

com.

11-

$1

(quar.)

Co.

25c

11-20

Ltd.—

(quar.)—

Tobacco,

Corp.,

(quar.),—

Co.
(quar.)
50c
(quar.),—75c

3

6%c

&

10-15

•

Simmons

10c

Ltd.

Fire

Special

10-25

12-24

•

35c

I"

(quar.)

preferred

10-13

Furniture

11-17

Security

17c

(quar.)

Lxira

3/2v

11-10

75c

Extra

10-30

11-15

12-

$1

Myers

American

11-12

12-10

(quar.)

Cedar

1-

—

iquar.)__II_I

*

American

11-12

1

50c

——^

Rheem Manufacturing Co.,

12-

25C
,

(M. H.), Inc., $6 preferred
Secord Candy
Shops, Ltd

Fabrics,

11-

6

10-29

(quar.

5c

10-20

1

12-

12-

(quar.)—.

B

12-15

t40c

tL Tuneau (R" G>'
Lea

Inc.,

Tobacco,

1-31-49

$1.18%

.

iff
Gold Mines>
"ggett &

1

12-

Fork

1

12-

5

8

12-

Distilling

11-

5

10-21

$25c

Co.

10-25

^

(R. J.)

75c

.'

(quar.)

preferred

15c

10-

$50c

Co.

Co.

12-31

dividend

25c

(quar.)

Co.
(quar.)
Lake of the Woods
Milling Co.,

•Lamston

1

9-30

10-29

11-1

-

Board

Can

11-15

prior preferred A'' (quar.)
Republic Supply Co. of California,,—-

Richmond

•Laclede-Christy
Common

Fund,

Extra

10-21

'

$20

Co.,

Box

American

35c

B* (quar.),——.

25c

(quar.)

ID. Emil)
Company
Knickerbocker Fund—
Beneficial interest series

Heater

American

10-15

1
10-25

(quar.),

Book

1

10c

preferred

37VaC

(quar.)„„

pfd.

Co.

Works,

American

11-

$1.18%

6%

Stock

10-25

12-

20c

(quar.)

6%

Steel

10-30

12-

(quar.)

Petroleum

(quar.)

(quar.),,

5

$3

Klein

Water

A

6

Republic

preferred

Aluminium, Ltd.

American National

11-

Republic

4%

Appliance Corp
Canada, Ltd.—

of

56V4c

10-18

Reynolds

Extra

Kokomo

11-20

Co.

(quar.)_,„

Co.

11-

50c

Co.

10-20

1

Co.—

common

25c

4%%

County Land

1

12-

cash

(quar.)

preferred

10&

Kings County Trust
Quarterly

uia

1

5

11-

Electric

$15c
25c

50c

2

Grocery

preferred

4%%

12-15

Aluminum

(increased)

(quar.)

American-Marietta

common

11-15

$75c

——__

;

Kentucky Utilities,

?%

12-

11-

Air-Way

1

Co.—

10-29

Island—,v

Rhode

& Company

Extra

.

6

1

1

12-

Co.

Ltd.

50c

6%

.Stock dividend,,

Kysor

11-

12-

11-

12-15

Reduction

u,-_

83c

Gas

30c

(irreg.)'
Participating preferred (quar.)
Participating
:
Kansas-Nebraska Natural Gas—

Kern

1

$1.75

11-15

Air

(quar.)

(special)

'

preferred

Co.

10-15

12-

Ltd.—

Common

Kayser (Julius)

&

35c

:

,

10-30

20c

(quar.)

$1

,

investment Foundation,
Investors Trust

10-20

Red

11-15

Hampshire—

(quar.)—

M.)

10-15

1

10-29

Inc.

25C

Electric

Inc.
(J.

4'/a%

1

11-

12c

preferred

•

Corp.

Fund,

25c

preferred

New

25c

(quar.)
__

preferred

Radford

11-19

10c

Peanut

Insley Manufacturing Corp. (irreg.)
-International Harvester Co., common (quar.)
Special
7%

Pullman,

10-20

1

IOC

——

(Tom)

11-15"

1

11-

50c

convertible

35c

stock,,,

of

$1.40 dividend preference
Puget Sound Power & Light

1

27Vac

Agnew Surpass Shoe Stores,

11-

10-15

10-15

$1.10

1

11-

10-27

1

11-

12-20

10-27

11-15
10-25

11-

11-25

50c

Holder•

11-15

27Mic

11-15

11-

When

Alloys, Inc.—
$1.10 convertible pfd. (clears all arrears),

1

12-

1

-

Payable of Rfe.

50c

,

Aluminum

Acme

Adams-Millis

12-

10-14 "

10%

Affiliated

1

1

$1.25

11-30

1

11-

The list does not include divi¬

Straus,,,

American

5%

in

11-15

12-

&

10-30

11-

10-15

week, these being given in the

dividend)

12-10

...

1

12-10

1

5C

(quar.)

12-20
11-

Share

(cash

11-15

20c

10-20

11-

Inc.

10-30

31'Ac

stock-

12-15
12-

paid.
this

11-15

$1

(irreg.)
5% preferred

in

Co.

1

15c

50c

(quar.)

Fields

12-

20c

(quar.),.

12-

dividend

91'Ac

dividend)

1

12-15

give the dividends announced in previous

we

F.,

Amerada

common,,

1

12-

$1.12 >/a

Per

T.

$1.25

(quar.)

12-

12-15

Name of Company
A.

Hampshire) —

11-

12'/a C

11-19

12-20

preferred

25c

„

10-29

12-20

preceding table.

Consolidated,

(irreg.)

Service

20c

Holt

.

pfd.

(New

(cash

payable

3.35%

31V4C

—

Holly Stores, Inc., 5%

11-15

1

25c

$1.12 Va

10-29

62 VaC

5%

25c

(quar.)

(Chas.

Huston

Public

10-28

12-10

Gold

announced

8IV4C

(s-a)

(quar.)

payable

V Also

11-15

10-15

dividend

Class

11-15

1

1

11-15

Co.

31'Ac
com.

(quar.),

(quar.).

weeks and not yet

$1

preferred

i.,_

Public Service

12-

1111-

37Vac

Co.

Co.

Below

10-25

Mfg.
Co.

Consolidated

75c

Enterprises

preferred

Also

12-

11-12

Tile

Gas

20c

Company
Prosperity Co., class A

50c

10-30

11-26

Fibre

County

Stock

Potter

25c

11-19

prior

45c

Philadelphia Suburban Water,

-

11-15

69 VaC

:•

Oil

1

11-15

22 VaC

:

'

Class

■

10-25

1-28

11-12

Co

Semi-annual

11-15

75c

„

u—i—______J

■

Yuba

8

.

Va %

90c

•

Extra

12-

12-

B_,,„__

(irreg.)

75c

(quar.)

12-15

Co.,

Co.

11-15

York

75c

common

Mfg.

Light,

Peerless Casualty

12-

Yankee

Peabody Coal Co., common (quar.)L___
5%
prior preferred
(quar.)
L

<quar.)___

Ltd.,.
A

class

11-15

5%

11-15

prior preferred
preferred (quar.)

1$3

1

,

10-25

Corp.

common

convertible

Abraham

Mines

25C

—

6

11-30

11-10

1

59 %C

Rust-Proof

J60c

dividend)

11-

25c

11-15

50c

Power

Inc.

25c

12-

(quar.)

Patino

8

2-15-49

(s-a)

12-10

15c

t$1.25

t$l

pfd.

Parker

11-

10c

Bankshares

Industries,

dends

6'/c

1

(quar.)

(quar.)

4

t7c

Pacific

12-

Common

11-16

(quar.)

1

11-26

10-29

1

11-

8c

11-

25c

10-25

11-15

12-

25c

11-25

t50c

11-15

4Va %

(quar.)

&

10c

(quar.)

common

'

5 'h
convertible preferred
(quar.)___
Worthington Pump & Machinery Corp.,

(.s-a)

Associates, Inc.,
&

11-

10-29

(irreg.)

11-15

_

Co.,

11-15

8

11-22

11-15

12-15

•

12-15

(quar-.)_—;

class

Co.,

1

&

___

(quar.)

Cotton

Hancock

'Smelting

(quar.),

Stores

Co,

Pacific

11-

—

Products

Brothers

11-10*

11-15

&

10-

12-10

15c

12-15

quar.),

Marine

10-30

50c

11-30

(initial)

(quar.)

t25c

,,

(initial)—,

,1——

Halle Bros.

12-

15c

preferred

Griesedieck Western Brewery
Grocery Store

Owens-Illinois Glass

1

Company,

37 VaC

$2.50

(quar.)

(stock

&

Co.,

.Greenfield Gas Light,
Extra

10-30

(quar.)

Inc.

Dredge

Lakes

Great

Outboard,

84%c

—

class A

Consolidated
Mining,
Co., Ltd., -common

Granby
'Grand

10-30

common,—,
—

—

Co.,

&

tGrafton

11-15

15c

,_1

Corp.,

Rubber

1-3-49

(resumed.)

(Minn.),

37 Vac

Inc., 3%% preferred* (quar.)
Corp.
(quar.)

Mills,

-General

W'ilcox

10-28

20c
Power

preferred

5

1-3-49

(quar.);

(Ohio),

11-15

■General

10-23

50%

A

Tail

11-

Woodall

common

Ry.

Company

$3.60

10-30

deducted.

Quebec

11-20

(accum.),

70c preferred

11-15

Ltd.—

A

1

$7

Instrument

Bros.

55c

Gas,

preferred

Petroleum,
Electrical

Whitehead

12-15

11-36

(accum.)

10-15

12-31

10-25

1

Ry.—

preferred

Oil

10-26

11-

10c

Maryland

1

$1.50

Ltd.

Company,

Class
Otter

Western

Extra

10-15

10-27

11-

Wisconsin

Gas

62V2C

_

11-15

11-15

Westates

11-15

1

11-15

$1.12 Va

Consolidated

Mines,

25c

preferred (quar.)
■Gabriel
Steel
Co._,,___„

12-15
12-

1

1

11-

$1.12%

10-26

(quar.)_,_

Osgood

$2.50

pfd.

preferred

&

11-15

11-

11-15

12-

12-13

12-15

(quar.)

common

b(/o

(Chas. F.)

Ontario

12-15

11-

1

50c

1

(quar.),,

Utilities,

African

10-22

1-3-49

O-O'Kiep Copper Co., Ltd., American shares
Payment of 3s 9d or 69%c after South

11-17

4c

Stores, Inc.—
Common
(cash dividend) ' (quar.)
Stcck dividend

12-

4Vo

10-22

1

15C

dividend)

new

Oklahoma

1

1

11-

$2

,1

40c

Federal Enterprises, Inc.—
$1.25 conv. preferred (quar.)
"56" Petroleum Corp.__,

Oil

Empire

11-

11-

11-10

10-18

12-

$2

(increased)
Mills, 6% preferred <s-a)
West Virginia Coal & Coke (increased quar.)
West Virginia Pulp & Paper Co.—
4 Va %
preferred
(quar.)

Mills

1st

1

$3

Wellington

$1.25

Extra

11-

Warwick

11-15

15c

Corp., class B
Mining Corp

12-

•'—

Co.,

Ltd.,

American

50c

(quar.),

10-18

7%

10-18

11-

2c

Corp

1

1

11-10

30c

(quar.)

Terminal

12-15

$1.75

(stock

Company

Transit

$1.75

6% preferred
Corp.
(quar.)

—

National Tea

$1.50

(quar.)__

Fairbanks Company,

Federal-Mogul

3

11-

Co.

&

iquar.)

Inc.—

(quar.)

12 VaC
;

(quar.)

Share

65c
25c

1

Co., class A (quar.)
Drug Co., common A—

12-

Chemical

Weston

(quar.)
Co.

preferred

Warehouse

—

(irreg.)

Service, common
preferred (quar.)

$1.75

„

(Colo.)

Linen

50c

Electric Furnace

Inc.

Inc.

Co.,

12 VaC

$1.06'A

preferred

Pictures

10-18

10-31

10-31,

10c

(quar.)

convertible

1

35c

common..

Works

5%

11-

37 VaC

(quar.),

Iron

4V» %

6c

Co.,

preferred

National

9-20

Common

11-18

11-15

Specialty Corp.—

5c

(quar.)

Co.,

By-Products,

National

5

10-2-49

25c

Securities

11-15

Universal

&

56V4C

common

(quar.)

11-

11-15

6-20

35C

Company

Casket

10-15

30c

3-20

f43c

(quar.)

(s-a)

National

11-15

12-20

7-2-49

Viclc

Corp.

Series

1-2-49
4-2-49

1

11-15

10c

Utilities

United

12-

30c

w

$1.25

'

Murphy

Extiii

$1.25

pfd.

7%

America,
(quar.)

Producers

9-20

Co.—
.

of
A

National

nonohue

Extra

Corp.

10-2-49

Holder9

Payable of Rzc.

$1.06'A

Loan

25c

Service

Ltd.,

preferred

Nation-Wide

(quar.)

nravo

7%

Plan

6-20

S.

25c

Extra

J75c

31'/4C

oreferred (accum.)
nonunion Woolen & Worsted,

Common

Cottons,

7-2-49

When

Share

Machinery Corp,—
preferred
(quar.)
Society (Phila.)
(s-a)__„

4 Va %

U.

of Company

47

Hoffman

25c

(quar.),,,-

Public

3-20

S.

25c

(quar.)

(quar.)

preferred

Valley

Montreal

$2
—•—

(quar.)

Per
Name

U.

12-20

37 VaC

preferred

1-2-49

4-2-49

37 VaC

;

(quar.)
preferred (quar.)

5%

$1.75

—

5';

Emerson

prior

12-20

12 VaC

preferred

prior

Holders

lr2-49

37 Vac

preferred

prior

$1

Dominion-Scottish Investments, Ltd.—

Monthly
Monthly

prior

$1

(quar.)

quar.).

Common

5

When

(1731)

Payable of Rec.

37 Vac

(quar.)

11-

1

CHRONICLE

Share

(increased

(quar.)

Common

"■

com.

(quar.)

10-30

$1.12

(Walter T.) Co.
__
n sher
Steel Construction Co., Ltd.—
ci 50
conv. class A preferred (accum.)
Domestic Credit, 5%
preferred (quar )
preferred

10-15
10-20

10-30

—

nirkerson

5.;

1

11-15

11-24

Dennison Mfg. Co., class A (year-end)
«8
debenture stock
(quar.)

nonunion &

Inc.,

10-29

11-15

c«irreg.)

(quar.)

preferred

non-cum.

Hart,
Special

$1.50

Rayon Co.—

aware

P7%

11-

&

t35c

(quar.)
~
Co., 5% preferred (quar.)_

navenport Water

^Name of Company

:

8c

(quar.)

imperial Mills, Ltd.

SS mV

i

5e

(quar.)

preferred

CommercialInvestors, class A
Steel Treating Corp..-,,

FINANCIAL

Per

Payable of Rec.

Miller

c

&

Holders

Ohio Electric—

Southern

&

vnhiis

i

When

COMMERCIAL

—

Company (quar.),
(quar.)

of

10-25

15c

11-

1

10-29

10c

11-

1

10-29

(1732)

THE
Per

-

.

Name of

.

Company

___—

Extra
Power

Class

A

Ta~~~

&

Watch

Co.

Shpe.

Bertram

(J;)

Class

4%
Best

(quar.)—

Stores

1

10-15

Bliss

(E. W.)

__

„

New

(initial

common

11-

1

Ami

Corp.,

10-22

10-20

$25c

11-15

10-30

11-15

10-30

50c

Co.

class

A

Fund,

Boston

Woven

(quar.)—

-1—'
Traction

.'Class

3y2 %'
4%

5%%

•f

; 80c

■

2nd

&

5%

_

11-22

$20c

11-

1

(quar.)—

75c

(quar.)__

11-

B

50c

10-20

1

10-20

11-

1

10-20

50c

(initial):

1

11-

30c
—.

11-

25c

11-

1

10-11

$15c

1-3-49

A

10-25

$50c

11-

1

10-11

$$1.25

11-

1

2nd

$25c

11-22

10-29

57o

$183/4C

Ltd.,

10-30

10-

57c

$17y2c

(quar.)__

common

10-30

(quar.)

(quar.)__—

$6c

11-

__

Central

4

11-15

10-15

11-15

10-29

11-

10-12

1

Gas

Hudson Gas

Central

Ducoinmon

10-29

Dtfplan Corp.

10-30

N.

iquar.)

_

&

Electric,
Corp.—

Power

Central & South West
Corp.
Central Steel & Wire

10-

8

10-

8

$3.50

preferred

1

10-15

$4.50

11- 1

preferred

10-15

11-

1

10-20

U- 1

10-11

85c

r_,

$1

(quar.)

20p

—

j'':'

-

4

preferred

Cherry-Burrell
4%
4%

j

3%%

Ohio

Corp.

Chicago
.Chicago

&

.

.Common

Class

12-

1

11-10

1-2-49
11-

12-15

1

10- 4*

10-30

10-21

10-30

10-21

$1
50c

—

87y2c
$3

10-30

10-21

11-15

11-

Oil,

(quar.)

Pacific

1

lOr-

8

pfd. A__

10-29

10-15

15c

5%

11-

1

10- 8

11-

1

10-15

RR.

$1.25

—

common

11-

5

$2.50

(quar.)

North Western
Ry.,

(quar.)

12-31

12-10
'

25c

.

,

4-15-49

3-

7-15-49

6- 8

25c

___

1-14-49

25c
25c

_______________

(quar.)———

10-14-49

35c
common

(s-a)_

$3.50
$1.75
$1.75

(quar.)

A

10-15

$1

11-15
1-

12- 8

9-

8

8

10-15

3

12-24

11-15

11-10

2-15-49

2-10

30c

(quar.)

'

-

Cincinnati, Chicago & St, Louis
5% preferred (quar.)__
Cleveland Electric
Illuminating Co.—
Common
(quar.).

U-

1

10-11

30c

"

Cleveland,

,

12-17

25c

(quar.)—

preferred
(quar.)
Hotel
(irreg.)

.Common
(quar.)
Cincinnati Gas & Electric
City of Paris Dry Goods
Co.,
1% 1st preferred
(quar.)
7%
1st preferred
(quar.)
City Stores, common

,

10-25

Ry.

Rock

Common
•

1

1-1-49
1

4.0c

_

1947)
Virginia

Island &
5% preferred
(quar.)
Chickasha Cotton

;

11-

8

11-

$1.12y2

convertible

Allerton

12- 8

50c

(quar.)

of

of

12-

12-18

11-

1

'10-11

Ry. Co.,

$1.25

l

$4.50

Clinton
>

11-15

1-1-49

Cockshutt

Plow

on

a

(quar.)

preferred
Mills

10-20
12-10

1

10-16

12-

1

11-16

1-3-49

12-16

tl6c

$25c

(quar.)

I

9-30

.

'

(quar.)

Columbia
Extra

Sand
Gas

&

Stone

System,

Columbian National Life
Insur.
t

Semi-annual
Concord Gas Co.
7%
preferred'

Co.

10-11

10-11

10-28

10-11

10-27

10- 1

15c

(quar.)

10-28
10-28

10c

(quar.)
Inc.

11-15

10- 5

11-15

10-

11-

10-15

Hampshire)—

"

(accum.)—

Commonwealth Edison

Co.

(increased)




9

(Boston)
80c

(New

10-

-

.

'

"

$1

37y2c

Food

11-

1

•f'-ilr ^-1

10-

2-1-49

110-

Harris

A

Hat

Corporations.

11-15

II-

$1.50

preferred

11-

1

11-1

17c

11-

4 7o

.*

Common1'

11-15

10-25

10-11

11- 5

10-11

20c

10-30

10-20

U-15

n-1

10-31

10- 9

$50c

;

9-30

.

10-28.'

1

10-15
10-18

'

-•

10-25

$1

8

8

10-

11-1

1.0-15

Home

11-1

10-25 j

30c

Horder's,

10-25

10-

Hormel

*

26c

11-

25c

1

5%

10-13
10-22

10-15

30 c

...

*

9

11-19

$1.25

.11-

50%

.

B

6%
1

Horn

9-30

&

share

held.)
.(

Horne

1Q-15

Howe

;

12-

U-15

10-30

10-16

U- 1

10-15

12-28

12-10

$1,25 3-30-49

3-10

1-25-49
1-1-49

$1.37%

11-U
10-25

9-21

60c

10-25

10- 4

11-

10-15

preferred

11-22
1

11-

1

10- 8

$$l

U- 3

10-27

40C

10-31

1Q- 8

; 93%c

10-31

10- 8

$1.25

U-15

11- 4 \

35c

,11- 1

10-15

10c

10-25

10-15

37 %c

U-15

10-25

$1

12-

.12-1

U-15

10-25

10-29

10-19

11-1

10-

11-30

11-12

1

25c

1-2-49 j

4-1-49;

8

iiunois

Brick

Illinois

Power

Terminal

Illinois

Zinc

4 7c

,

12-16 *.
3-16

,

10-29

110-19

;

10-15
12-1

,

50c

10-29
10-29

10%

12-20

3

10-16

1

11-15

25c

11-15

n

.

1-1-49

$1.75

11-1

$25C .11-

$1.12%
30c

15c

933/4C

1

12,

1,
10-29
10-29

11-

1

15c
25c

;

11- 1
11-1

12- 1

Stock

,

10-20

k

;

10-15

•

inter type

,

11-1

10-20

11-15

11-

1

10-16

Ironrite

$1.25

$12 %c

$$1.12%

in

oc

11'
11"
11~

1

in

1

5
10-15

1

1

,

in

on

'

inic

'

20c

(quar.)

lu-30

10-15

55c

77"

10-30-

10-15

25c

11-1
11-1

11-

10-15

%C

1

—

11-

1

12-20

12-

10c

11-1

10-20

11-

1"

11-

1

50c

11-

1

IO-I5;,

Ironer

45c

v

Kable

11-, 1

10-15

1

10- 8

1

10-11

11-

U-20

3%

11-

Co.

12- 8 ,1011-1

9-21

25c

10-29

9-29

50C

11-

1

10-15

15C

(quar.)__

11-

1

10-15

1

10-15

11-

20c

11-22

10-30

25c

11-26

10-30

30c

11-

1

10-20

$1.12 y2

11-

1

10-20

group

(quar.)—
—

Co.—
12-31

10-30

t$1.75

11-

1

10- 4

t83/4C

11-

1

10-

30c

_—

$25c

11-

1

25c

12-

1

12-15

20c

10-29

30c

12-

4

10-22

11-19

7%C

—_

10-15

U-15*
12-

1

10-15

-

11-10

1

•

preferred

(quarj

10-30
10-23

62y2c

10-29

10-15

45c

12-10

11-24
10-15

.

9-28

—

20c

11-

1

$1.25

11-

1

10-15

$1

_______

:

pfd.

10-15

%C
50C

13

(quar.)__.

(quar.)

11-

1

11-

1

10-11
10-18
10-U

933AC
■

87y2C

(quar.)____

11- 1
U-15

5%

10-25

1

10-13

11-

$1

.11- 1

87 %c

10-13

Royalty

Kalamazoo Stove
■f

i'

Co.

(s-a)

&

(quar.)__—
Furnace Co

11- 1
,11- 1

,10-20

3c

Ranch

Brothers

►

,

:

-

(quar.)—_———

3\"o

J

.

1*

$25c

—

common

1

1

11-

18c

.—_—

aviation

10-

11-

50c

.

-

■.
—

15c

10-28

250

11-

10-18
10-19

2c

,

Extra
.

l1-?0

$1

-

10-25

40c-

pfd.

preferred

Johnson

3

10-20

.

;

Ltd.—'

Johnson & Johnson (stock dividend
on'com.
A7o 2nd pfd. A
,(quar.)
3V2 7o 2nd preferred B (quar.)

10-15

30c

37 %C

$1
;

15C

______

12 %c

.

10-15

25c

group

Tea Co.,
Johns-Manville 3%%

10-20

Securities Corp.—
87

1

1

Nickel

Jew'el

.10-20 J

$1

~

4%

11-12

10-20

1

■

Jantzon Knitting Mills, common
'5% preferred- A iquar.)
>
Jersey Central Power & Light—

^

,A

-

17 %c

12-13

12-20

—__

—

.

• •

11-12

12-13

11-

12-30

—

Isle Royal'Copper Co.
Jacobs (F. L.) Company, 5% pfd. (quar.)_.
Jaeger Machine Co. (increased)-—:

>

-

11-15

Corp.

!55c conv.

$75C

.

10-15

11-

Investors Stock Fund, Inc.——
iVon Fireman Manufacturing (quar.)

[

■

10-15

10-30

$1.25

______

International Petroleum Co., Ltd.—
International Resistance Co.—
j•
6% conv. preferred (quarj

10-15

10-15

25c

(quar.)—

Co. of
Canada, Ltd.—
pfd. ($100 par) :<quarj—________
preferred ($5 par)
(quarj_________

7%

•

•

'10-18
-

10-30

$$1

-

_

(quar.)—___!

Corp.,

1

4C

.'■■'/•

...

10-20:; ^,.:^International Utilities
Corpr (quar.)
10-20

15c

-10-26>

■

V-

10-22

1

11-

10-28

20c

t$l

4%% preferred (quarj—
International Educational
Publishing
$3.50
preferred
(accum.)
7%

>

11-

$1

(quarj

Shares,

bond

International

10-15
10-15

&

.interchemical

HrlO

12 %c
15c

25c

;

15C

Institutional,

10-30

10-11

1.

(quar.)

r

\ Extra

10-15

10-15

.

10-18

10-30

(quar.)_____________

Investors

1

11-1

v__—_w____——_

$2 preferred' (quar.)
Industrial Brownhoist Corp.

^

S

•

I

Incorporated

11-10

11-

U-15

(quar.)_

(quar.)

(resumed.)
Co.
(quar.)-_

preferred

12-15

U-15

56 %C

(qupr.)

.

10-15

3C

Co.,

Co.

1

; 50c

v

;

common

RR.

U-

25c

:

.

10-11

62 %C

_____———

Indiana Associated Telephone
Corp.—

,

3

12-

11-

$1.25

12-

12-20

35C

$1.50
•

10-19

preferred

4%

,

10-19
;

Co.,

1

$1.50

common

'

9-30

11-

25c
16%c

:

Y.)__——j——;k--.

Imperial Chemical Industries—
Ordinary shares' (interim)
Imperial Tobacco Co. Of Canada,

,

25c

PoVer

10-25

lc
;

■

30c :

$4 pfd.

^

10-15

U- 1

$1.25
:.i

..

Mining & Smelting
—11—

v

12-1:5

$$6.63

25C /

common—.

Bay

Idaho

11- 1'

.

.

———

Illinois

$2.50

.

Plarf Fund—-

V

10-18

•

;

v

(initial)———

5% pfd.
HuyleFs $2 partic; 1st pfd., (s-a)
$1 convj 2nd pfd. is-ai__.—

11-15

$25c

37V2c
$2.50

—

preferred (quar.)
Huttig Sa£h & Door Co.,
,

10-22 ">

11-

—

Refrigerator,

1

30c

..

(increased)

Company
Lighting & Power,
Corp.

10-20

$1.12%

—

Co. XN.

12-10

of

$2.25

12-31

.

6-10

12-20

—_______

$1

10c
$1.25

11-24

50c

Inc.

Hussman

1.0-15

10-30

11- 1

10-15

7

$1.25

—,—

Hudson

i

.

1

.

—

.

12-

■

(Joseph)

Houston

Hoving

$1.06%

1__

11- 1

30c

—

(quar.)

Hardart

10-15

25c

(quar. )

U-15

50c

dividend)

(one

shares

(quaf.)_
A.) & Company,
preferred
(quar.)—

10-15

20c

common

56V4C

-

(Geo.

Extra

(quar.)

12- 1

11-15

$10c

Oil Co.—

1

11-1

$1.25

(quar.)_*

;

.12-15

.

:

10-15

683/4C

(stock

stock

six

Special

:

(quar.)

each

convertible

11-1

$1.12%

'

„

11- 1

•

11-15

40c

Chocolate Corp.,
common
$4 convertible preferred -(quarj
Hltobard, Spencer, Bartjett & Co.—Common (monthly)
Higbee Company, 5 %' preferred (quar.)____
Holly Development Co.: (quar j;--___4
Holly Sugar Corp.,' common (quar.) __l_i

10-25

j

Ltd

12-15
12-15

______—

1

.

10-

10-11

$1.25

Hershey

9-30
<

5c

'

t-

:

A

for

"

1

$20c'

.

,

12-

3

Insurance. Co.

5% conv. pfd. (quar.)
(Robert)
Company, 6% pfd.

Company,

class B

.

8

15C

Company, common (quar.)—
3%% preferred . (quar.)
Hercules Powder Co., 5% preferred (quar.)_
Hercules Steel Products, 77o. pfd.. A (quar.)_

„

(increased quar.)—
Special
$2.20 preferred
(quar.)

&

class

in

4%%
preferred .(quar.)___
Hayes Mfg. Co. (increased)—.

10-15

11-24

.

1

10-

10-20

Hecht

.

(A. J.),

preferred

America—

and

"B"

10L15

Carbide—

Co..

of

A

1

" $5

10-

-

10- 8

10-25

$1

(quar.).__

10-

1

1

10-25

50($

—

Hayes Steel Products,:Ltd.

$50c

Industrial

Corp.

Payable

$1.12%

Common

Gabriel

Light

*

1

33%%

_a—-

Marx

Electric

Class
.

&

1

11-

10-

Co.—

pfd. (quar.)
Ltd.__:___

Co.,

7

11-13

11-

50 c

'

6

J-l-26

$1.25 6-30-49

I-

■

Ltd., common
4% 7o
preferred (quar.)__
Froedtert Grain &
Malting—

Fulton

$1.25,
$1.12%

•-—A—

10-

87 %c

(quar.)

Co.

__1

10-29

:
•

Extra

Oil

Shaffner

Hartford

10-15

.

1

$25c

Co.
(quar.)
Corp. (quar4)——
Telegraph Co. (s-a)_

Fullerton
Extra

10-25

__——

2-1-49

Stores

Freiman

62 % c

——

(A.k & Co., 5Vi7o

Battery

Hart

8

11-

15c

,

;

Companies,

11-3.6

1

,37% C

7

.

Kleiser

&

Franklin

25C

Tanning
(quar.)———
Ohio, $5 preferred—

&

preferred
preferred

1 $5
$5

8

$$1.12%

(extra)—

preferred

Foster

Galp
a

;

8s

Extra

10-

$2.25 pfd. iquar.)
Company, Inc. (quar.)__:
& Die Corp.. (quar.)

Halliburton Oil Well Cementing

10-15

1

Machinery & Chemical Corp.—

60c

10^30
10-

j

Mobile

15 c

&

10-18

10-18

(quar.)

__—

preferred (initial quar.)_
(Formerly Food Machinery Corp.)
Foote Bros. Gear & Machine, com.
(quar.).

Gair
11-15

Gulf

10-15

12 5c

.

Life

L.)
Tap

Griess-Pfleger

5

1

t25c

Ltd., 5% pfd. (quar.)
Florida Power & Light 4%%
pfd. (quar,)__
Florsheim Shoe Co., class A (extra)—^

$3.50
1

11-

-

10-18

"

"j

10-29

10-26

10-18

10-30

11-

(s-a)_

10-15

11-25

(H.

Greenfield

i

10-29

*

10-30

9-30

11-15

—-----

t40c

preferred (quar,)_

Fraser

25c

—

Colonial

7%

Franklin

5%

dividend

11-

1

Fleury-Bissell,

1

25c

Extra

Stock

10-15

,

9-30
10-15

U-15

(quar.)—___________

t$1.25

Association of Philadelphia (s-a)
Firemen's Ins. Co. (Newark, N. J.)
(s-a)_
First York Corp., $2 preferred
(s-a)

1

12-14

10-25

10-25

11-

—

(quar.)

2-

12-31

10-30

11-

Fire

5- 2

87J/2c

10-25

t$1.25

Enamel Corp (stock dividend)
Cash dividend
Fibreboard Products. 6% preferred

11-

10-26

10-30

1

$20c

Graysob.-RobrnSon~Stores,

9-24

t25c

Ferro

3-1-49

11-15

10-14

3

t25c

Works (quar.)_
Federated Department Stores, com.
4 (4 7o preferred (quar.)

6-1-49

50c

Iquar.)—
dividend)

12-

1

11-.1
11-

$37%C

(quar.)__

Federal Screw

20c
;

common

U-

15c

»

com,

(Syracuse)
(quar.);
Quarterly
Pedders-Quigan Corp. (increased quar.)
Federal Grain, Ltd., 6'/2% pfd. (accum.)—-

20c

quarterly basis)

—

(cash

11-

20c

(quar.)
(s-a)

Colgate-Palmolive-Peet Co.,
Colonial

6

20c

Ltd.
Co.

Common (now
Common

(monthly)—

10-

20c

Monthly
Monthly
Coast Breweries,

$3.50

55c

(quar.)

Industries

Ltd.

____

Sterling Steel

preferred

(qu^r.)

Co;

1

11-

11-15

$200
$$1.25

———_

Inc.

•

*

11-

50C

,

Firth

62 %c

>

t75h:

dividend >_

Traders

20c

—-—

'*

t20c

3347o

$1.12y»

-

preferred

common

Equipment—
47c> convertible preferred
(quar.):
Equity Corp., 2.0c preferred (s-a)
Erie & Pittsburgh RR., 57o
pfd. A (quar.)—
Esmond Mills, Ltd., 5% preferred
(quar.)__
Falstaff Brewing Corp.
(quar,)___
&

: ■ $1.50

Goodyear Tire & Rubber, common (quar.)__
$5 convertible preferred (quar.)
Gotham
Hosiery Co. (quarj—
_i—

9-30

Empire District Electric Co.—
57o
preferred (quar.
Empire Millwork Corp. (quar.)
Employers Group Associates (quar,)____

Class B
10-30

10-15
10-18

10-30

-

Farmers

$1.37%

(quar.)

common

Company,

Rubber

Hart

Electric (quar.)
Corporation
Eastern Sugar Associates, $5 pfd. (accurn.)Ea^tern Township Telephone Co. (quar.)
Ekco Products Co., common, (quar.)
4% 7o
preferred ?-(quar.)
El Dorado; Oil Works
(stock dividend)——
Subject to the approval of the California,

Derrick

-•

Goodyear Tire & Rubber Co, of Canada, Ltd.
47o preferred (quar.)

,,

10-25

175C

Supply .(quar.)

of

Globe-Union,

*

10-27

25c

Coast

Emsco

11-5

$30C

(quar,)
.(quar.)____,

Commissioner

■

9-30

11- 1

87 %c

dividend

Goodali

10-11

11-15

11-15

—

_______

56'Ac

common......

(quar.)
(series

Corp.
&

10-15
11- 3

10-25

20c

——

__

Chicago
Chicago

„

Y.)

Test

%C

'

*

1

$17%C

Corp.__'__

Durp
East

11- 1

—

—

Stock

12-23
12-

de Nemours & Co.—

Company

11-1.5

Brothers,

Green

.

____

(N.

Corp.,

preferred

preferred

Chesapeake
Chesapeake

1

11-30
12-18

37y2c

common-

(quar.r

Chase National Bank

i

11-10

''

$1.12%

_.

(quar.)____

Champion Paper & Fiber,
$4.50

11-

1

25c

Copper

Certain-Teed Products—
4%% prior preferred
(quar.)
Chain store Investment
Corp.—
'
4y2% conv. preferred
■i

12-

35c

Pasco

Duraloy

I.)

11-19

$1.5Q

IncJ, common (quar.)—
preferred : (quar.)—
Gladding McBean & CO. (quar.)_
Gleaner
Harvester
(special)

11-15

1

12-15

7%%

Eastern

Special
de

(E.

10- 4

12-11

;—,_

$4.50

4

12-23

9c

(final)

Worsteds, Ltd.__

(stock

10-30

15c

common...

Common!'.(quar.)
Cerro

&

11-

13c

._

3.40%
preferred
(quar.)__
Central Power # Light
(Texas)—
4% preferred (quar.)
——1

•

Metal

11-1

_____

__

Gimbel

:

25C

Shares, preferred

(quar.)-

&

11-1

25c

(quar.)

A.)

-

10- 8«
10- 4«

—

Satety Razor, common
preferred ; (quar.)

$5

.

11-15

50c

L,

Pont

ao-

?

1

3c

Extra

Du

1.

12-

60c

12

(quar.)_
(increased)
Dover Industries, Ltd.
(quar.)
Dryden Paper Co., Ltd. (quar.)__

10-20

1

40c

Douglas Aircraft

11-15

11-10

$1.75
w..

(quar.)
Ltd.—

Cq.(

Woolens

1

10^0
12-

<S.

'

u-1

$1

common-.

Gillette

10-11

10-25

25C

Dopnacona Paper, Ltd.—
4'/a 7v convertible preferred

1

1111-

Corp;,

{.referred

Gerrard

1

lo-n

35C

—

(quar.)

Dominion

11-

.

,

preferred

U-

<

1

(quar.)
preferred (quar.)

12- 1

10-11

1

Donlinion Oilcloth & Linoleum Co.. Ltd
Dominion Tar & Chemical Co., Ltd.

11-25

10-

30C rv-10-25

preferred (quar.)____
preferred
(quar.)_.

Malting

50c

&

Central

Y.

10-

1212-

5 7c

11-12

40c

Ltd.;

'

12-15

t37%C
tl7%c

Common

25c

(increased s-a)—__

_

Electric

1

10-15

3

10-25

(quar.)

(accum.)

50c

(quar.)——
Coke

______

1

11-

.

9-30

12-

Gene:H

1

11-

Shoe

11-10
10-25
10-11

,

........

preferred
(quar.)
Steel Wares, Ltd.,

$3.50:

-

$1.25

10-20

1

11-15

IOC

redeemable

Dominion

5

11-

Public Bervlce^-r,

11-10

11-15
llr 1

'

"

5.0c
93 3/4 C

conv

General
'

5

5c

Trust

Co.,

convertible

10-29

11-

.

12-17

11-15

25c

Ltd.

Fabrics,

1st

10-29

__

&

Dominion

11-22

__

preferred

Coal

11-22

1-2-49

10c

Inc..

preferred

$20c

(quar.)
—_—
$10c
Canadian Motor Lamp
Co., Ltd. (quar.)
$15c
Canadian Oil Cos., Ltd.
(quar.)
$20c
Canadian Utilities, Ltd., 6%
pfd. (quar.)__
$$1.25
Canadian Vickers,
Dtd., 7% pfd. "(accum.)
$$70
Carolina Power & Light, common—
50c
Carpenter Paper, 4% preferred
(quar.)-.,—
$1
Carson, Pirie, 8cott & Co., 4'/2 %
pfd. (quar.)
$1.12%
Castle (A. M.) &
Company (quar.)
50c
Celotex Corp.,
common
(quarj __—5Qc
5%

Dominion

6%

$1.25

—

'

3

80c

Shares,

Bridge,

6%

12-17-

12-17

(quar.)

Dominion

9-20

12-

12-31

$4

10-15

12-16

$1

Dodge Manufacturing Corp. (quar.)
Dome Mines, Ltd.
Dominguez Oil Fields (monthly)

10-11

(quar.)—_—.—

Industries,

Extra

12-17

$15c

—

preferred (quar.)—
$5.50 preferred (quar.)
$6
preferred (quarj
General Public Utilities (quar.)__

1-3-49

;

Distillers Co., Ltd.—
American deposit receipt

Dividend

50c

•

9-30
11- 1

11-25
11-25

87 %c

__

10-30

10-11

$1
,

'

9-30

5

11-15

250

—

Geherai

11-

5c;

.

,

8

50c

(quar.)

10-30

Corp.
Extra

•

A

10-

11-15
'•

$2

Power

Divco

convertible

10-19

1

10-25

50C

11-15
10-25

11-

10c

(quar.)

11-15

10-30

11-19

1

62y2c

11-15

7 V2 %
:

—

common-—

Investment

(Great Britain) —

_______

12-15

87V2C

Monte

t20c

class

A

Co.,

1

.11- 5

1

;

,y-24
9-24

10-25

10%

10-15
10-23

10-28
11-

Corp.; (quar.).—,—

preferred

t

10- 8

i

20c

preferred C (s-a)
(s-a)-.
A,
General Foods Corp., common (quar.)
$3.50 preferred iquar.)
General Mills, Inc.,:common.(quar.)_____—
$3.75- preferred (quar j
General Motors Corp., $5 preferred (quar.)_
Geherai Outdoor Advertising, common_-____
6 7o
preferred
(quar.)

5

12-

70c

:

Co., Ltd., class A

25c
62V2c

(s-a)

11-

11-

25c

—_____—_T_

Finance

.

11-1
10-20

11-1

15c

50c

—

5%

5

1-2-49

12 %C

—

Diocesan

—

11-

$1.06%

common—

Co.

10-18

1

(increased)

Corp.,

4"/o

12-10

11-

itel!

_

_____—.

Bonus

12-10
.

11-20

$1

(irreg.)

10-15

—

Final.

5

11-20

50 c

Inc

1

Co.—

Ltd

Corp,

Detroit-Michigan Stove—
57c non-cum. preferred
Dictograph Products Co
Diebold,
Inc.'

10-15

(quar.)—$1.80.

class

10-22

(quar.)—

—

11-

1-3-49
.

$1.1,3

(quar.)

&
Light
<quar.)„
Properties (quar,.)——
Dentists Supply (N. Y.) 7% pfd. (quar.)
Denver Union Stock Yard Co. (quar,)
Derby Oil Co. (Kansas)
(initial)
Detroit; Gasket & Mfg<_

10-15

__

Canadian Investment
Fund, Ltd.
Canadian Investors

Central Coal

—

_______

preferred

—

Delaware

Del

10-15

1

1

Canadian Converters,
Ltd., class A
Canadian

v

(quar.)

—,—

(quar.)

Bros.,

Rubber

Class

1

11-

common

Power.

11-

$37c

___

Convertible

1

11-

$20c

Canadian Car & Foundry
Co., Ltd.—
Common (quar.)
Extra

11-

12-

2%%

Co., common (quar.)
(quar.)—______

preferred

12-

—

pfd.

11-15

1-3-49

50c

.

(quar.)__„—

Class B

1

_—r

10-10

11-20

$1

(irreg.)
8%

preferred

Dayton

10-15

(quar.)

Co.

Forster,

Davis Leather

10-18
10-13

1

11-

Telephone

Ltd.,

10-28
11-

11-

$3

Drug

Davidson

10-20

12-

(quar.)—

Bronze

1

$1

(quar.)

Northern

10-20

$1.75

(quar.)
Insurance Association

Canadian

11-

1

1

(quar.)_

Cork & Seal
&

3 '/2 7o

1

common

11-20

12- 1

.

$1.13

______

Curtlss-Wright

11-

11-

preferred

Canada

General Electric Co, Ltd.

1

10-25

$1.12 V2

—.

Sugar,
common
(irreg.)
Cuban Atlantic Sugar, 5%
pfd. (quar,)
culver
Corp.
(s-a)
Cuneo Press, Inc., common

10*15

11-

r

Carpden Fire
Canada Flooring,

;

1

37V2c

—

,

11-

12-

(s-a)__l

Water

10-15

12-

Cuban-American

10-15

12-

—

preferred

Crown
Crown

10-22

(quar.)__
Ltd.—

preferred (quar.)
California Portland Cement

$1

,

50c

Extra

$1.20

12-15

87y2c

5%

Common

11-15

—

participating preferred

California

11-26

$1

preferred

California Electric Power,
California Packing Corp.,
.

9

10-29

87y2c

(Holding),

Mills,
preferred

1st

10-

iquar.)__

preferred

(quar.)'
Co.. 7%

Linen

$1.50

;?

ii-15

50c

preferred (quar.)
Exchange Bank Trust Co (N. Y.)*—
>...
Quarterly
:
Crosley Motors, Inc.
(initial)

11-15

50c

(quar.)
2nd

preferred

•Caldwell

$i
8c

''$!•

.

o/

10-18
10-18

10-30
U-15

$1.12%
.

(quar.)

Cable

Electric

25c

(quar.)

1

11-26

Corp.

Bronze

General

General

iquar.)—

11-

11-26

t$ 1.50

—

General

10- .8

Corn

Inc.—

pfd. (quar.)
(quar.)—,

11-

preferred series A (quar.)
Baking Co., connnon__

10-15

s-a)__

4%
preferred (quar.)
Continental Gin. Co., 4y2%

1

Angeles), 4%

General

1

1

(quar.)

of America,, com.

10-19

Co.—

—

M.)

Corp.

11-15'

10-15.;

12-

.

10-30

62 %c

Industries,

11- 1

—

common

10-19

11-

(irrcg.)
common

Wireless

preferred

)_'—_________—^_Li_

4%% pfd. (acc.umj.__.
Co., 4%
pfd. (quar.)
oeneral American Transportation—

U- 1

18%c

t50c

1

t$28

—

(A&

preferred

preferred (quar.

5Vo

Gar Wood

10-30

10c

Gardner-DenVer
$4.25

_____

Oil (Increased
Mills, Ltd.—

1

25c

(Los

preferred

Byers

5•"

Payable

20c

—

General

(s-a)_;

11-

t$l

(quar.)

convertible

Cable

b

10"

Y.)^—

(quar.)

Co.,

Extra

10-15

10"

1

$1.5.0

(ouar.)—„—-

(N.

11-

25c

preferred

3V2%

Power

$4.52

Crum

(quar.)

Extra

„

Co.

1

11-

(s-a)

$4,50

Ltd.

(quar.)

Bullock's, Inc.

10-31

50c

——

Telephone

Buffalo Forge Co.

preferred

Container

Pulp & Paper, Ltd.—

Burlington Mills,
;

Co.,

(accum.)

preferred

B

Royalty
Textile

10-15

$4

Power

&

Broadway Department Store,
Common

Paper

Consolidated

10-20

60c

-

(quar.)—

—

Light

Columbia
2nd

Consolidated

12-10

11-

37 %c

—

Co.

Share''

(quar.)___—.

:

$1.25

Co.

$1

—

preferred

Edison

12-15

50c

f$1.50

(quar.)

6% pfd. (quar,)-.'
Industries, Inc.—

(quar.).,
Dearborn Corp.

5%

pfd.

power,

25c
—

$2

A

Consolidated

10-11

10-31

pfd.

$5
preferred
(quar.)
Consolidated Natural Gas

10-15

1

16c

Rubber

Semi-annual

-,6%

2

11-

$1

—

(quar.)—
&

Name of Company

Gamble-Skogmo Inc.; common

jl

Extra

—

Inc.

British Columbia

11-

62 >/2c

Hose

10-15

11-15

47VsC

Power

Consolidated

1

10-25

$62%c

(quar.)*

(quar.)

Boston

British

10-

&

Consolidated

10-15

1

70c

--

pfd.

Fisheries Corp., common (quar.)
preferred (quar.)
I
Boston Edison Co.
(quar.)——

.7%

10-23
11-

25C

————

5%

Holders

Payable of Rec.

J5c

(quar.)

Chemical

partic.

$1

10-25

25c

i%

Special

Consolidated

12-20

li-15

50c

.-—«—

—

Booth

Brazilian

1-1-49

50c

—

Light
River

Consumers

Ltd.,

When

Share

International

preferred

Connecticut

10-15

1

10-30

quar.)

Brothers

Ribbon

Class B

$1.90

11-30

$5c

iquar.)

Connecticut

Company-

Blopmingda'le
Blue

3

11-

t—~r~

(quar.)

Company

Name of

Corp., Ltd
Confederation Lite Association (Toronto)—
Quarterly

10-15

50c

preferred

Co.

•

40c

.

&

Electric

11-

1-3-49

20C
iquar.)

(quar.)
Company (quar.)
Foods, Inc.
(quar.)—I

1

10-30

t$l

—

& Sons, Ltd., class A

12-

35c

—

(quar.)_—

b

Birtman

Bon

11-

v

Commonwealth

Monday; October 25,
1948

CHRONICLE

Per
-

10-15

—

(extra)—

Bessemer Limestone & Cement—
Best

1

t37VaC
—

Bepson & Hedges, $2 conv. preferred
Berland

FINANCIAL

"

(quar.)

Corp. (quar.)
Beldjng-Corticelli, Ltd.

Benrus

11-

Paper Co., Ltd.—

Baystate

&

Holderi

Payable of Rec.

$50c
$10c

Bates & limes, Ltd., Class A (s-a)
Bathurst

When

Share

'

.

COMMERCIAL

—

,

1

10-29

.

Number 4745 £'.

168

Volume

THE
Per

When

Shore

COMMERCIAL

&

;

FINANCIAL

.Holders

Name of Company,

Telephone

1

•

Co.

,

,

10-^5C; j^

h

12-12

11-23

56V4C

11-

1

10-15

25C

11-

1

10-15

62VaC

12-

Uo

—

4Virlo i pfd.
Nattoan-,.Strauss-Duparquet
(quar.)

(quar.)

10- .5«
;■. Nattppijkl*AJfalfa Dehydrating & Milling Co.
•5%preferred! .w*l:25
10-30
S-30
vor'r-Addison 'Gold Mines, Ltd:_c_iL-_L^-..y ,■ n73c^l0-29
x < £$.$^,4tf?ferred
(quar.)
:
Ahiminate Corp.
^Lstane Pipe &Supplyv5% preferred (S-a).'^ $2.S0- 12-30
(quar.),___
10-18f( ^LtAijit^kHaotive^ Fibres, Inc. (quar.)-—
«g2S*Sm>MW.= «» preferred' (quar.)
(quar.j^
10.30
^
n-20nalilBatfexy- Co._
:
ngsbury -Cotton
Oily common
- (s-a>_^_^iJ;- • 4rjX:Z2oll-il...
9-30' . -> ^Natidn^i^Chemlcal <fe Mfg. (quar.)
K, Jbuid Lake Gold Mines, Ltd.
d
(quar.)
<3WzV. vI-:2-49
12-22 '
Extra_:;^„.___.
1
xirsch Company, $1.50 preferred
JT„_.
^

12-

1

11-10

^rl-49

.preferred (quar.i—
,—■—r~
Stores, Inc., common <quar.)-_—
SI 371/2 preferred
tquaM'H--!—-Kresge '<S. S) Co.. (quar.) ____—
SI50

50c-

Co. .(■quair)_^^ij^_^,i'—

75c

•Kr^etder~Mfg,~"4^^-;Preferredr:AUquar,)>
Kroger

7%
t' 4

$mvk,

1

:Co44r4-^').:,£r^

.......

.

.

>-<•

•.»

Extra

'

'

""

10^29

„10-19

11-10

-National-(Mallison

.'National

Extra

11-

50c.

,

12-20

12-10

11-1

10-15

564ic,

Bryant,.Inc.,. 4Va% pld. (quar..%__:
Lancton Monotype Machine' Co. (quar.)'Lazarus "(F. & R.) &. Company.—
fLee Rubber & Tire
(quar.) i

50c.

-11-30

5-

11-19

10-15*
10-15*

,

*1.50

NfeW

•

iNew
New

.

l.'

--L

1

12-

$1

' t- —*— 7-'— —lj- — —'——' ■'-'-V —' f- rAr- 11

'

"

12-

.

;

1

vV

j"»

3

10-11

40c

10-29

10-15

10-31

10-16

11-15

11-

4

Reliance

11-15

11-

4

12-

1

11-

5

75c

11-

1

10-16

25c

*1*60

lGr 9*

11-

1

10-15

Republic

t$1.50

Corp/

11-

1

10-15

(irreg.)__„

(quar.)

'

Republic
Revere

.

,

Co.-i.

V

NewberryCo., 3% % pfd.:
Niagara iHudspir Bower-Corp.

Revere

10-15

1

10-21

Richmond

Insurance

11-

1

10-21

Rich's,

12-

1

11-15

common
dividend

11-

1

10-20

97V2C

11-

1

10-15

11-

1

10-16

Robinson

1

10-15

Rock

$1.25

Co.

Inc.,

Cotton

11-

Ages

(N.

$1.50

■

1

10-15

Rockland

10-14

Roper

(George
5,

1

10-20

.i

•

.

11-

.

Rotary
Rubs

Mills,

Light
&

10

j%Cf.

■

10-18,

1^2-49

4

25c

;

•

,

1-2-49

12r20
V

Inc.H.) & Co
preferred A (quar.)
—i !k$1.06%«Jll- 1
Square Garden Corp. {qimryy-i/Vii-P-;.' 25c/,.v 11-30
Mailman Corp.,1 5% preferredi'(quar.:)^yr_IL.<.b $$1.25
;.10r31

1

Formerly British Rubber Co. of
Maltine

(The)

International

Marconi

i

Canada.:Ltd;|.r.

Company, commons-—
preferred (quar.)^i.-_j.i_,

12-23

12-16

tions

Marine

9nr

Wall

Field

'Marshall

&

Mattliiesen•-.&

Hegeler

Maul

.

$3.75

(irreg.)——

$3.40

preferred

Maytag

5%

Grain

12-

1

12-

1

12-1

'

^

;U

.

Stores

<quar)_

75c

11-

1

li-

i

11-1

$25c
415c

(quar.)_*!._

'■

a2r,15

11-15

5%

50c

11-

1

10-18

.5%

redeemable

50c

11-

1

10-18

Pacific

Lighting

25c

11-10

10-27

I

—a-;

'11-

common

(quar.)—:

:

i;
»•

y

preferred

:

12-

.425c

preferred

(quar.)———!—™

9
•

v

10-30

11-

1

4%
Park

10-20

10-31

10-15

11-

10-15

$1.75

1

Gas

&

;

Electric—

'

4.40% preferred (quar.)—__
Mid-Continental Petroleum (irrog.)„—

11-1

11-

1

10-31

75c

11-15

10-20

12-

1,

11-

1

11-16

.

5c

12-

1

11-17

11-

5

10c

10-29

10^22

62%C 1-1-49
25c
11-15
<
25c 2-15-49
11-15
t75c
11- 1
$1.50

12-18

——

$1 preferred (quar)
$1 preferred
(quar)
(quar).

Pennsylvania Electric Co.—

y

Power

&

comimm lor each, four shares held:
-^4...
One share of Public
Service Co. of Indiana

92 V2c

$1.10

—

common

or

split
each
!
.

into

15

two'shares if

two

shares,

shares

helcl

each

Share

Perkins

is
11-29

convertible

Mississippi Power

$.148%

B

&

4.80%

,

II-8

preferred .•(guar.)..

Chemical

.—

(quar.)

.

11-

1

10-15

11-

1

10-20,

1*

12-1

41.-10

11-

10-13

L'—Tlttshur^h:

$1.62 42
$1.50

1

'•

&

/' 75c

11-15

11-

9

37%c

10-30

10-

(s-a)_

50c

11-20

11-1

convertible Preferred (quar.).—

6242c

11-

lc

12-

Co.

MorrisonyKnudsen

QuaVt^Ny1^0
Extra

Mount

Co.,

—

Mining & Development—
Rice

uehleback (Geo.)
5,<>

common

—I—IIIIII~I~I

Royal

Chemical,

Mills,

Ltd

—

Brewing Co., com.

participating

utual

(quar.)—

preferred

6%




11-15

Prosperity
Public
«

44a %

lc

3

11-15

.4.-

12 %c

10-30

10-15

(s-a)_

20c

12-15

11-30

624aC

12-15

11-30

for

$1.50

12-28

12-16

Cash

(quar.)....

12-

—.

,

/./i

(quar.)

Co.

dividend

Indiana

each

Gas

&

common

dividend

on

Water

t25c

11-15

10-31

10- 5

10-31

10- 5

10-31

10-5

8144C

12- 1

11-

25c

12- 1

14- 1

(quar)
preferred
Canada Power, common (quar.)—

8outhern

26%c
$30c

12- 1
1.1-15

.10-20

11-1

10-15

Co.,

Indiana

Gas

common

Electric

&

preferred ,(quar)

$1.20

—*

(increased

Spiegel,

11- 1
12- 1

5%

10-20

10-30

10-12

10-29

9

1

10-

Standard

8

11-

10-

Fuel

11-

75c

12-

11-

5

1.7 Vac

~

11-

10-

(quar)
1

—

of

$3.12%-

12-

11-16

$1.37 4a

12-

11-16

12-15

11-15

11-

10-11

10c

11-15

10-30

11-15

10-25

t3c

11-

5

10-

5

12-16

12-

6

55c

11-

1

10-15

$1.06 44

12-

1

11-15

pfd.

Indiana
New

Railway

f

10-22

12- 9

10-22
«

12- 1

11-18

.11-15
11-15

11- 5

50c

Wholesale

Inc.

Phosphate

11- 1

10-15

12- 3

11- 5

&

Acid
60c

12-14

J15c

11- 1

% 10c

11- 1

10-11

(quar)

$1.25

12-31

12-15

(quar)—-

(quar)

$75c
143%c
731 %c

11- 1
11- 1
11- 1

10- 7
10- 7
10- 7

25c
25c
57c

11-12
10-28
1-2-49

10-29
10- 9
12-17

50c
$1.25

10-30
10-30

10-19
10-19

11- 1

10-20

•

Co. of Canada, Ltd,, com.
partic. pfd.
(quar)_
Participating
Brothers

Stores

Brewers,

Stern

Stern Textile,

(J.

P.)

&

(quar)__

Inc.

Sterling

Stouffer

12-9

25c

7%

Stowell

10-15
11-10

—r—

—

Steel

11-15

11- 1
12-10

12%c
124ac

Spring Co.—
pfd. (quar)

Stecher-Traung Lithqgraph, 5%; pfd.

11-15

10-15

______

Class B

12-

10-16

Co.—

Stanley Brock, Ltd,, class A

&

10-23

50c

(quar)

-

Standard

Sterchi

10-15

75c

Steel

conv.

Works,
.

v

56V4c

(quar.)_
(quar).

Equipment, Mfg.

Silica Corp.

Extra

4%

.

11- 1
11- 1

Jersey-

4%%

Co.

pfd.

(quar.)___

(quar)
-

Stott Briquet Co., Inc., $1 conv. pfd.
87 4a C

(quar)

Quarterly

12-

(quar.)

/.

11-12
12-1

$1

$1

dividend

Standard

10-15

12-10

24a%

of
of

Special

of
stock

share

held

342%

Stock

IQ-15
10-15

12-15

50c •

(N. J.)

pfd.

10-15

11- 1

$1.124a

Cash, dividend

Stevens
a.

capital

share

Standard

1

$1.25

(quar)

r

10-20

75c

com.

Co.
Co.

10-14

11-

.

11-15

.

$1

Oil
Oil

10-14

11-

Co., 44a %

Standard

-Standard

$1

.(quar)—

Sons

Insurance Co.

Standard

8

90c

&

•

8

10-

1

10-15

11- 1

-

$1.25

$4.501 preferred, (quar.)

Fire

1

10-

11-

Inc.,

"Standard

9-29

11" 1

preferred (quar.)

Spencer Kellogg

•

10-15

90c

$1.03%

Squibb (E. >R.) & Sons—
$4 preferred series A (quar)
$4 preferred (quar)

10-

1

-

55c
50c

quar.)_

10-15

11-

$1

11-

1

Co.—

-

11-1

$1.25
—

10-15

3742c
2842C

(quar.)

12-

of Indiana—
Co.

4quar.)__

(quar.)—

11-

1

$1.10

—~

Colorado,

Water

11-15

28c

11-

11-

95c

—

—

(6/100ths

_•

com.

pfd. Iquar)

12-

11-

$1.50

——

(quar.)__*_-

preferred (quar)

PpbliC) Service
Stock

of

;

1

(quar.)_—

$1.0744

—

...

Ltd—
preferred

5%
Co.

10-31

11-30

\

—

preferred

11-

Mines,

Co.,

Service

11-15

' >'.
9-30

11- 1

1

Co.

22 4ac

10-15

11- 1

10-10

/(initial)

Co.

10-30

92%c

10-

(s-a)

Gamble

10- 9
10-1

974ac

10-25

Steel, 5% preferred A (accum)
prior preferred (quar)

Gil
&

Proprietary

10-15

3

Procter

HI"
1

(s-a)

preferred

1

Preston
.

11-1

(quar.)__—

10-25

Pittsburgh & West'Virginia Ry. (resumed)..
Potomac Edison, 3*60%
pfd. (quar)

1

25c

(quar.)

10c

C.orp., 5% pfd, (quar.)
Phillips Petroleum Co. (quar.)
'B4aneer<-Betroleum Co., prior pfd. (s-a)
1st

10-18

11- 1

preferred

30 c

Phillips-Jones

542%

10-18

■>

preferred

15c

& Co., 4% pfd.
preferred (quar.).—

10-15

1

75c

(quar.)_

Edison,

10-16

4J- 1
11-15

.,

3;90%

50c

quar.).

(increased

Morris

$3.60

1

50C

——

participating preferred; (quar.)

m

Philip

.11-26

11-

Investors Service—

Morrell (John)

.

12-15

$1.20

,8.y.;*;,

Co.

11-26

H-

40c

3.70%

common—

Co.,

preferred

$1.10

—

Monsanto Chemical;
$3.25 pfd A (s-a)".
—
Power, $6 preferred (quar.)——
$3

m

pfd.

:6%

10-15

________

Common

1

Power..—

&

10-15

10-

50 c.

Ltd

Philadelphia.

10-15

12-15

4%c

.

4.40%

11- 1

Mines,

Heat

10-25
10-25

10-15

tic

Co.,

10- 9

$50c

(quar.)_____^

pfd.

10-18

10-18

11- 1
11- 1

Southwestern Public Service—

2- 8

8.7 Vac

—

Philadelphia Electric Co., 3.8% pfd. (quar)
4.3%
preferred
(quar.).:
—
4.4%, .preferred
(quar)—..—...

10-29

25c

(quar,)

common

(quar.)

11-15

..S1.50

Montana

Moody's
•

$3.25

Petroleum

Gear

&

Cement

Gold

Perron

10-20

Light, $6 pfd. (quar.,)_

Monongahela Power,
Monroe

10-20

10-30

!

10-20

preferred .(accunv.)

Missouri-Kansas Pipe Line,>
Class

10-30

10-30

$1,0644

& Rhoads, 4y4%
pfd. (quar.)— 4
Mmneapolis-Moline Power Implement Co.—

$6.50

10-29

20c

—

i^^®hoe' Inc» coiumon (quar.)—».-r—..
*Jtu /C Preferred (quar.)—
—1—
Miller

.

Machine

Permanente

for

proposed

as

$1.06 4t

Pennsylvania Power, 4'4% preferred (quar.)
Pennsylvania - Railroad Co.,
Pennsylvania Salt Mfg„ 3% % pfd. (quar.)

10-29

11-29

-

preferred

preferred

4.8%

■

3.70% " preferred C .(quar.)-—'';
4.40% preferred B (quar.)—

Light Co.

conv.

11-25
11- 1

-

Southwestern Associated Telephone Co.—
$51.20 preferred (quar.)
——

5

1

10-15

'

•

California

.conv.

Southern

,

One share.of Wisonsin

10-15

1

4.15%

quar.)..

common

11-

11- .1.

430c

quar.)

Co.—

;Southem California

10-22

(quar.)

12-

50c

Paper Mills, Ltd.—

Pulp Co.

4.48%

444%

9

10-20

12-1

$1.50

—

Co., Ltd

Southern

4%

10-

1

12-15

40c
'

Corp

convertible

I-2-16

1Q.-29

11-

12-15

10c
com.

(quar)

(increased

Aircraft

Southam

10-29

10-30

10-20

t20c
J25c

(quar.)

comnion__

Power,

(Howard)

10-22

35c

of America

O.)

(A.

90c

11-26

1-2-49

11- 1

40c,

Oil

Common

10-15

—25c

(quar.)

Corp.

Pacific

..Smith

10-20

$1

Corp,

Penman's, Ltd.,
.,$6
preferred

10-15

$2.25.
,

11-15

75c

%

10- 8
13-10

1242c
274ac

(quar.)_

A

preferred (quar.)
(Del.) (quar)

Co.

preferred

Smith

.

Telephone Co.—

Common

10-15

$140

Mid-West Abrasive Co
i
Middle West Corp. (liquidating distributions)
Subject to SEC approval.
•
••
v.

10-31

held)..

—

Peninsular

V

/

share

class

11-12

11- 1
12-31

40c

Oil

4.56%

Co...

&

Extra

10-14

10-25

,25c

Davis

each

(quar.)_^__

Corp.,

1

25c

20c

11-15

Hugoton

(quar.)

Inc.

Peaslee-Gaulbert

.

for

Co.

preferred
Tilford,

of

Container

12-

4-18

$2.50

Corp. • (quar )—
:
Slater (N.) Co., Ltd., common.^..:-,

.

share

9144C

___

Extra

10-31

1

preferred, (quar)

Co. (quar.)
I
Line, .5%
preferred—

Air

convertible

11-15

12-15

$3.65

Co.,

Electric

Ltd., 5% preferred (quar.)
Sibley, Lindsay & Curr Co. 4quar,)__—___

Line—

half

(A

&

Parke

10-45

11- 1

dividend

Mfg.

Sinclair

11-

1-18

7-18

Sierra

50c

10-18

10-29

10-31

75c

*

1

11-15

...Soundview

(quar.)

11-

30c

$3.40 pfd.-j(quar)________
& Co.
(increased) ___—:

Dillon

10-15

11- 1

10-20

27J/2c

_____

10-18

1

32%c

—

11- 1

14-15

Co.—

1.^

Pipe

dividend)

(cash

Production

10-22

11-22

\ 11-15

-20C

..

Stock

10-22

-

Michigan

.

11-

■

11-10

>

(quer)

8-1-49

Solar

(s-a)

Eastern

Common

5Qv<>,

—

7%

1

4-H

;

(quar.).:

50c

5

5-1-49

31-Vic

—

(quar.)_„
Petroleum & Transport

preferred

Panhandle

12-15

■! .i 20c
"

4%

9

11" 1

$1.75*

(quarj

Mercury Mills, Ltd. (quar.)-.Meyercord Company (quar.'r. '
Michigan Bakeries, common (cash dividend)
Stock dividend
'
^ non-cum. preferred (quRr.)

11-

-

Corp.

(quar.)

prefeired

1st

Pan American

11- .9

1

n-1

25c

:

1Q-20

12-

-

$1.30

10-11

12- 1

,

Stores,

1

10-30

preferred

1.0-15

"85c

34%c

(quar.)*_

10-15

Co.—

A

Shirriffs,

Pacific Public Service Co.—

*

preferred

1

11-1

27 4ac

6 %

...

10-

11-

tlOc

—

11-15

J.20c

——

____________

27Vac

37%c

preferrecF'^qiiar.)

6

(quar.)

31(4c

5V2 %

Mines, Ltd._
Class

Ltd.,

"SherWln-Willjams Co. of Canada, Ltd.,

Electric. Co.—

10-15

11-29

(quar.)

.Sheraton

,

10-15

11-

10-

12-15

,

Security Insurance Co. (Conn.) (quar.)
35c
Sharp & Dohme, Inc.,,$3.50 preferred A874ac
Shawinigan Water & Power Co. (quar.)_
t30c

-10-21

&

10-30

$1.25
:17c

A

54a7c

10-4

1
1

1

^

Publishing

10-29

11-

,

10-8

J60c

—

Extra

12-15

50c
...

11-

$25c,t
:

10-22

10-30

A

..Seaboard

10-15

10-30

9-30

t$1.50

Paper Co.,

Scovill

10-15

11-15

9-30

preferred
preferred

5%%
Scotton

10-15

1-1-49

1

54a%
■*..

10-15

11-15

11-

11- 1

27Vac -.2-1-49

..Scott

10-15

1

1

12-8

(quar.)___l

.Seaboard

11-

10-15

A

11-10

10-30

10-15

preferred

12-10

11-

40-11

-

5Ya%

Seaboard

11-

Gas

8

t$l,75

Distillers

Scranton

$1.25

Pacific

12-15

Co., Ltd.—

_______—

*54a%-preferred

5-31

Corp., 5%.pfd, (quar.)___. / $1.25
sinking fund series (quar.)
:—$1.25

,-5%

8

10-20

12-29

Co,, Ltd.—

(quar)_

Schwitzer-Cummins

11-10

$142%

Co._.___—

10-15

-

7%

Elevator

11- 1

t40c

Gold

Co.,

Schenley
.....

10-15

Pacific Finance

1

common—

&

Class B

12-10

25c

(quar.).:

4%%- preferred (qu«r.)'_J————•--*—
Otis

10-

1

Francisco Ry.—

Antonio

Scarfe

10-30

.

10-15

4

San

6-20-49

4Va%-(convertible preferred (quar.)..
$$1.12%
Oliver. United Filters, class A (quar.)
50c
B y__
—...
50c
Ontario Steel
Products Co., Ltd.—
Common (quar,)
$25c
,7%
preferred
(quar,)..
t$1.75

Mills

preferred A

$50c

75 c

(quar.)——

'

10-

11-

8%

25c

;; Class

Flour

—

55c

common——„—'

(quar.)

Outlet Company

preferred

preferred (initial quar.)
2nd preferred (initial quar)

$50c

Common.y__'___-—_—-r,_

r,,410C

__J—_—y

•

Mercantile

r

.

1st

$2.40

2-28

6% .preferred '(quar.),.....

-

■

3-21-49

11-

t

■:

25c

H-l-H-~.----.wa—-

common

6%

10-19

25c

.

11-

10%

;

dividend-——

(initial quar.)
prefei-red
(initial
quar.)______

St. Louis

11-30

IO-45

(quar.).,—; .-j 25c
Candy Corp., common:
'
10c
Mead .Corporation
50c
di
4'/*<yo
preferred
(quar.)
—J $L06%
$2 second preferred (quar.)—
50c
_d—!_!
Melville Shoe Corp., common (quar.)—
45C
4?r preferred'! (Quar.Vd>._i.„;—Kf-tr^^^ 4
$a
McPhail

12-

10-15

$1.50

McLellan Stores Co.

x

$$1.75

Oswego Falls Corp.,

stock

Steel,

12c
50c

—

7% preferred (quar.)
St. Lawrence Paper Mills

,

10-.21

.

1

10-15

(quar)

Corp.^

10-11

10-15

:

(quar,)

Corp. (quar.)J_—
McColl-Frontenac Oil Co., Ltd.,

McGraw-Hill

10-30

11-15

85c

..,

.

i"

——

Co., Ltd., class A

v.-McGraw Electric Co.
Extra
T.

$1:25

11-15

1

12-

10-11

10-27

11-1.5;

93 vie

McCall
>

(quar.1).—_

1

11-15

10-

12-10

Common, (quar)

10-15

Electric,

1

1

10-30

10-15

&

10-

11-

tl8%c

10-15

1

12-20

10-15

93j4C

-

(quar.)——*

4

1

10-30

9-30

1

t

50c

10-30

Gas

11-1

preferred

Lawrence

San

11-

Corp.;'; common

10-15

tlOc

(quar.)

10-30

10-21

25c

10-15

12-

-,75c

"•

y.

1

11-

Oliver

11- 1

t50c

10-14

11-

15c

>14-15
:

•

10-25

5c

■

preferred (quar.)_"_—,
Chemical Co., Ltd.— -

preferred

McCabe

*

41

11-1

10-30

28 % c

pid. (quar.)—

10-15

40-25

%c

$1.50

^

20c

Oklahoma

10-20

$1.25

(quar.)

1-1-49

Hampshire-r

!_

'

5

10-20

11-1

t$l,0G

10-15

OgUyie Flour iMi'ls, Led.,'-7S. pfd. (quar..)_Ape^. Ine.,v (quarHa^ ----------^
MatqkCo., commonL-.-.

10-15

1

10-31

1U-15

1

Ohio

"

Kquar.)';

common-

y MoAfthur

;j.Class

12-

29c

Company, $3 preferred yquar.)--—

$6 1st.

11-

1

11-

'; Ohio
■

10-20

11-

10-31

.

10-15

11-

50c

10-29
-

10-31

(.

$1.50

.

preferred
(quar.)
__*y_—
preferred (series 1947)
(quar.)——

$3.7'5

'

6

11-15

40-25.,

5C

1

.

rr

Corp

Macotta

50C

'i

.

May Department Stores,

t

ioti-;v
10G%

Trust--—

Zinc

42-

a2

„—

(quar.,)-.-™-!-^-..^

Co.

Mar-Tex Realization
Massachusetts Investors

(

dividend)

(stock

3

10-25

15c

37

—-

Common..

Co,, Ltd., ordinary (interim>
Magnesium Products (stock dividend)

Marsh

30C
—

EngineesinigyC(».''''(quar.)_^:

5%, preferred

1

10-25

$6

—

Communica¬

Marine

Products

1

1-

New

Extra

*
'

-y

11-

,

of
'

11-

50c

1 o-rac*

11-

(quar.)

Nunn-Bush Shoe, Co., common*r(^uar.)

10-15

.- *

*

.Northwest
' '

11-15

20c
41-15
$1.06% -1-15-49

,

convertible

4'A'/«

Co.

_—

10-21

75c

r|

25o

10- 4

87%C

•

common

Northwest Airlines,. Inc.r .4.6%

,

10-8

4'/4c/o

Railroad

Quarterly.

A

V 42-20.

Madison

«'

Northern

,12-20

1-2-49

75c

(irreg.)

iR.

Macy

Northea-ni lUmoisvCorp.,

10-15

11- 1

90c

2nd

j; Northern: Engineering Works (irreg.)
$1.50 convertible preferred

25c

participating preferred
Participating (irreg.

10-11.

10^30.

;.

v

,

$1.50

'1

12-10 v.

40c

'

10-18

11- 1

25c

(accum.)—

St.

,,

(quar.)
Publications

10-28

50c

(quar.)

25c

Electric

'•

Extra

20c

——

(quar.)—

conv.

1st

.

MacFadden

10-11

300%

Y.)

Ltd.

Power

&

D.)

Building Co.,

4%

,

Macco- Corp.

12- 3
11-10

11-1

3 6c. W Fine Foods,

.

'

12-15

Inc., common (quar.)—
preferred 4quar.)_—
Saguenay Power Co., Ltd., 4%% pfd. (quar.)
St. Lawrence Corp., Ltd.—•

.

•

,..

'

'

10-15
10-16
10-15

-

12- 1

-

'

.

10-25

10-20

50c

(quar.)

Corp.

11-10

25c

$1.10
Original' capital"-) i.L!—
42ri<k-11-24;Norrpa;iHpffman• Bpating$ Curp^r
4-241.
6% preferred
$140 3-10-49
O'tginal capital ___________—-—
i
60c : 12-10
■11-24'% r>.
*•
...-V •..
Special Guaranteed
(quar.f_—
fiOa a-BHkOv * ),.2-2'fa.^,■.:'/•
special Guaranteed
(quar > —B—iv—-—
Stdckv,'di^lb^j^y4paE.tial.. liquidating dlsN
" irioUtlonV
$1 vl. 114 1 ' ' 10-22
Pacific Gas &
Lockwood-Dutchess, Inc.vt
y >i
Electric ,coarm<mi.iC^!edcli 80 shares held.
,Lorain-Coal.& Dock—
VH"' '!'• .%?«
■■•/CW
."'~ry/d convertible preferred,-(quar.)—'-,62140(4
1-2t48;
42-2tt;r,y^\vy
the SEC., In
convertible preferred (quar.-yi—<62tVaO ^ -a'-1p49
3-20( ^ ,:Hiv:lteu ^fi^cti,qnaV^feares of Pacific G. &
i Lord «fe. Taylor, 8% 2nd (Did
t quaivu^4rsiv.w' yy..-;$2
ll-i'l, V,-;40-16
K7ow|b.wiI14)e paid in the amount of
.*1.50
^Louisiana Rower & Light $6 .pfd*.' (quar,),4
;4iy4i')40-i5-y^r4'i«^l%^fur^aeh l/80th share of Pacific
y 11-15
10-15
$.1.75
'.Lumbermans Insurance. Co, (Phila.)
(s-a)>North:' Americaja^Finance Corp.—
Luaerne-County-Gas & Electric—
.vvNv'.;
"
4preferred (quar.).4^,__„_^_____j
$1.06^4'.-11-. 1
10-15
7% preferred
V2C r,; 12-10,/
M. J. & M. & M. Consolidated (s-a)
10-11,. • ,7. 80c prior

of

Rose's

(quar.).

11- 1

10-20

50c

Extra
11-

11- 1

15c

(increased)

Racing Association, Inc
Dry Goods (quar.)—

Stock

$1.25

10-15

93%c

3%% preferred (quar.)
Riverside Cement Co., $5 pfd.

93 %c

w

11-12

11-1
10-30
11- 1

15c

Rioe-Stix

11-

15c

(quar.)

12- 1

25c

10-20

1

$2

(quar.)

10-21
10-21

110c

1

11-

,2.*—

11-

'

$l,314a

50c

MerchandiBo

1

52 4aC

quar.)

common

11-

(irrcg.) II.

com.

11- 1

50c

(quar.)

$1.75

'G^/^'fRa'.).,

New.York.Bower &.Lightv 3.90(V pfd.

*

(increased

preferred

15c

.(quar.)-

10-15

10-29

1,

t25c

Co

50c

interest

YorkAir- Brake
York

Petroleum

10-14

11-

t40c

__

Copper & Brass,

5%%

beneficial

of

Electric

Gas

11-11

50c

non-cum.

Natural

10t20
10-20

50c

10-25

50c

11- 1
11- 1
11-15

25c
—_

$1.18%

i.L...

10-22

10-22

$1.25

pfd, (quat)
(Canada), • 5% " pfd. • (quar.) __i—
& Engineering,
common
$4.10 tconvertihle
preferred
(quar.)——
Republic Investors Fund—
6%
preferred A quar)
6%
preferred B
(quar.)

47l/2C

10-22

10-29

10-29

50c
75c

*quar.)
—

quar)____

Reitman's

53y8C

(quar.)__

v^b7;:%it-iv.yl^orfqlk::&yWestern. Raiiw«yv »4-% pfd. (quar.)

v

42-

1.

(increased

Inc.

25c

r-5%y 1st; preferred, (quar,) !—:
11- 35%,..2nd preferred,
series A

'

11-

40-22

10-29

50c

—

Reed (C. A.j Company, class B___
$2. preferred A (quar.)
Regent Knitting Mills, Ltd.—

12- 8

12-15
1-2-49

11- 1,
10-31
40-16

«

Reading Company, common (quar.)
Reece Corp., 5% preferred (initial)

Worsted'. Mills-"
Process;:

New

,

.

3

11-

12- fl

(quar.)

7-%, (preterred,, tquar.)

.

SI

Hosiery

:

Li'i D^tificates

-

; Link-Beit" Co. (quar.

12-15

$i.so

6'%, preferred (s-a)____
England Fund-^-'.:.yvV

•

..

Rayonier,

445c

,.

10-15

50c

Raymond'Concrete Pile Co., common
$3 preferred
(quar.)

New

Sons Co.,;3.85%I pid. (quap.hT, 964*e- '•11-r.l..: 10-15
11-10
Lehigh' Portland Cement < increased,)_H.*«-.v:"■,75c •(. 12- 1
10-.20
Lerner Stores Corp., . 4 4a %' pfd.. (quar)___
9-30
•„ ,125c10-31
Lewis
BroS.,
Ltd._!_4-p;—
1
30c
,10-23
ill-, 1.
Lincoln National Life., Irisurance.(quar)_%_
50c 'V-lln ,1;
10-15
Lincoln" Printing Co., common,.-); »«frr
'
:
87V2C
11- 1
10-15
$3.50 preferred
1
10-11
35c.
10-29
Line Material Co
— *

(quar.)

(quar.)_: r

*

12-10
10-15

50c

(quar)„

10-20

Canada, Ltd.—

10-15

10-28

10-28

50c

Nebel^^ (Oscar)-

preferred

10-20

(quar.)

Neisner .Brothers,; 4%
^preferred
Neon Products of Western

-iJnHAamesT&

—.

Fabrics

Tank- Co.

B

41-

70c

convertible

10-30

12.60

i

Ltd., class A

t25c
tl5c
20c

10-30

^Naugatuefc Water Co. (s-a)
;

11. 1

$1.50

Miami RR.

preferred

.

15c

Extra

4%

14- 5

1

1-1-49
10-30
11- 1
11-30
11- 5
11-25
11- 1

$1.50

(quar.)

*1.50

"

11-15

10-11*

Common

,

preferred-!

10-IS; 't''-;3.8j0%
preferred
(quar.)
Natomias Company (s-a)
10-14

25c

11-15

11-

1

'
25c
t87 42c

Quinte Milk Products, Ltd., partic. prelerred
Railway ,& Ught Securities Co. (Del.)—

..

.

2c

.

2nd

.*.,-Tea Co., 4%% preferred

10-b30

12-10

11-

12-

$1.25

—

18c

'

Corp.

National'iLead-Co., 6% preferred

10^25

*•:»%
11-. 1

Lane

Little

Erie

wnon-cum.

;Natiiph^|v.J^ielcjr. Mills,

'

-rlO-15-

•.

S%

!);

"

10-15

50c

+

™&%.■■■ nojtircum., 1st

/Alt'

10-15

1

aoc

(quar.)

i

National

11-10.

li-i.'

»•

..

-

Ul-lOv

12-28,;

,

-I!-!--:10c
Apparel, Inc. ,<quar.),--_-^_-*__
Inc. (quar.).__

Plante-Choate .Manufacturing Cd.4f-V >*
5%
conv.
pfd. .(quar.,1——
'Lake Sc. John Power & Paper Co., Ltd——
,Hindis, Machine Co.
(quar.) —
,
—
La

11-19

i

1

11-

Natipiaai ®lj^trdc--Welding Machine Co.—
Quarterly

11-19

1l

.

Annarel.

io inn

L-Aigron.

-

12-1

Company*"- common v t irreg.)
■).$ 1.20;
2nd preferred t quar)-jlH-'f-! ,,: ./ . $1.75<

KOhlman;
.KUhJman; Electric"'

12 -

•

40-20

11-

5c

(quar.)

Hdlio^L;Di^ille<r$ Products Corp.

10-16-

„

12-10

50c,'

NationaL.CQDtainer Corp.

*10-16

12-10-

50c

.

(S. IjL) &

3-22

.10-31;-

34%C;vjll- I

Extra

Kress

20c

r

Kobacker

•

1

15c

75c
...

1—

(quar.)

_

H

-

50fc

preferred
i

Holders

12- 4

25c

Purity Flour Mills, Xtd., preferred (quar.)__
Quaker Oats Co., 6% pfd. (quar.):
Quarterly Distribution Shares, Inc. (quar.)
Quebec Power Co., Ltd. (quar)_^

10-30

When

49

Payable 0(J Rec.

Share

■'

-—_—

convertible

Pure* Corp., Ltd

11-15

11-15

25c

.

1

30c

1

(quar.)

Company

Extra

5%

.

<,

..

of Company

Oil

Pure

€.80(&-, Dreterred fa iquar.t

,

Per

Name

Payable of Rec.

(Hawaii)—

<?flayraganscrt,t ..Electric,

sivlt^hboftid.

Share

.»

(1733)

Holders

When

Per

PayablevfRcc.*;

-Mutual

ifpiiocfr

CHRONICLE

Corp.

(quar.)

50c
50c

-—

Screw, Ltd. class A

,

10-11

(s-a)-__

10-30

10-20

775c

12- 1

11- 1

'

THE
Per

Home of

,

Company

Ctrawbridge

Share

Clothier,

Si

25c

11-1

40c

11-15

11-5

ll-lo

11-

5

31 (4c

Wells Corp.. common

11-15

11-

5

(quar.)

Extra

preferred

Suburban

2nd

$4
Sun

(quar.—

Electric

Sunshine

(quar.)

4(4%

pfd.

Biscuits.

(quar.)

Inc

thl2J2
15c

—

»—

Tacony-Palmyra Bridge

SI

i

11-

l

5%

preferred

lu-io

ia'H

(W. A.)

8tock

Stock
Texas

7%

Chemical

&

dividend

for

&

each

preferred

Thermoid

1

$1.75

11-

1

62 (4c

11-

}0-ll

1

10-25

fOc 4- 1-49
1- 1-49

12-15
3-15

—

pfd.

(quar.)

50c

-

Pfd.

(quar.)_„—

iquar.)

convertible

80c

10-11

50c

$1.06%

preferred—

6-25-49

12-

11-15

10c

12-

11-15

11-15

25c
20c

.—,.—

6-15

1

50c

__—

Trinity Universal Insurance (Dallas)
Quarterly
Tung-Sol Lamp Works, common

$4.50 preferred

$1.12 V2

preferred

(quar.)

$3.50

preferred

(quar.)

10-2o
t4

11-10

1

United

Cigar-Whelan

$3.50

convertible

United

loans

B

United

1

10-18

11-15

10-30

ance

11-

B

United

share

of

will

of

10-30

Assurance

10-11

Co.

Insurance

A

11-30

10-30

Caribbean.
ment

15c

75c

held).
but

cash

37 (4 c

for

Light

&

pfd.

U.

8.

U.

S.

Fire

U.

S.

Industrial

U.

S.

Air

Conditioning, $7 pfd.
Insurance-Co,

Lines

Pipe

S.

Radiator

United

Si

Steel

class

Corp. 6%

certain

11-15
10-15

Stores,

United

Transit

Upper

$6

5 V* %

5%

<s-a)

preferred

11-15

11-

12-

1

1

1

10-15*

1-3-49

(quar.)

Michigan

7%

prior

West

Penn

preferred
Point

Westchester Fire

States

11-

1

10-15

dollars

$2.50

50c

10-15

(quar.)____

2-1-49

1-14

6-2-49

4-15

prior

lien

Sewing

prior

11-

1

10-15

11-

1

10-20

11-10

10-25

$1.12%

11-10

t20c

11-22
11-

17(4c

(quar,),...

;

Securities

(quar.)

1

11-

1

10-18

11-

1

10-18

Co.—
*_

25c

5%

Public

preferred

7%

1st

(F.

10-20

1

10-15

1

12-16

10-31

10-

12-

11-15

1

n_

1

10-22
10-20

50c

11-

1

10-20

$1

11.

1

10-20

(s-a)

$1.75

n- j

$1.25

11-

10-22

1

10-20

12-31

11-15

$2.50

12-31

11-15

15c

n_i5

10-2^

50c

(s-a)

pfd.

(quar.)..

$1.50

common

10-31
11-15

10-20

20c

11-

1

10-15

$1.25

11-

1

11-

l

10-14

50C

12-

1

11

....

$5

6%

n.30

m

11-15

25c

67c

11-20
11-30

preferred

convertible

preferred

(quar.i

preferred

(quar.)

5%

preferred

x Less

(quar.)

«,u»r.)

books

not

10_2o

1-31-49

2-28

for

4-2n

7-20

Income tax.
Jamaica Income




i

m

k'

\

available

its

dividend.
Canadian non-residents'
at

th«

the

The

are

bond

issue

was

new

products

will

of

JULY

31,

1943

fine

a

in

to

cruals

Dee.

Income

Utility

Rhode
Oct.

of

the

a

oil

an

for

operations

were

In

that

time,

feet

Ogaden

months

has

agreement

area

of

because

ago

been

reached

resumption

18

declared

made
on

June

on

cash

a

of

record

of

was

/•,

dividend of $2.50 per
share,
Nov.
12, 1948.
A similar

28, last, which

Sept. 24.

share

of

of

were

was

followed by a

.

paid

July 31 and Dec. 17.—V. 168,

on

"

home-heating
winter

it

has

than

more-

oil

Conn.,

gallons

according

10-million

and

tc

the

other

Net

cleaning

155.839

1,826,363

29,260

305,212

304,714

16.488

15,773

197,295

194,950

26,102

327,540

24,900

309,813

income

in

Texas.—V.

168,

950.

p.

-Earnings1948—12 Mos.—1947

$2,398,103

$3,981,540

1,003,232

1,756,122

217,415
209,598

333,858

357,941

311.019

299,085

248,862

454,429

383,897

205,200

215,800

321.800

335,600

27,600

27,100

inc.)

taxes

income

S3.380.530
1,458.656.
320,785

$459,617

$485,196

$729,792

$743,471

$459,617
104,055

$485,196

$729,792

$745,283

121,682

157,145

185,225

(interest)

1,812

income

deductions

income

$355,562

reduction

attributable

conversion

operation

$363,514

to

of

the

loss

$566,058

$572,647
abandonment

on

of

transportation department from
completed in December, 1947.

to

bus

operation

involved

the

abandonment of

street?

street

was

This
property ana
resulted in
an
estimated reduction of
$110,000 in 1947 income tax
liability. The net book value of the
street railway property at the
time of abandonment
was
charged to earned surplus and the
estimated reduction in
income taxes attributable
thereto, was credited
to earned
change

the

street

railway

surplus.-

292,566

$827,096

a

the

at

298,764

25,100,

has

gallons.

facilities

249,042

NOTE—The
car

a

of

Co.

$2,677,175

taxes__

operating

^Before

1948—12 Mos.—1947

dock

on

Conn.

237,225

income

Income

Groton.

and

with

1,209,706

(other than

Gross

at

4,063.000

1948—8 Mos.—1947

revenues

Fed. income

Other

tanks

gallons

Socony-Vacuum.

refineries

Maintenance
Depreciation

Net

announcement
new

are
being dredged to a new depth of 35Socony-Vacuum tankers which will transport

from

Period End. Aug. 31—

*State

Connecticut

an

two

center

oil

Operation

Taxes

the

in

leased

recently by the Ballard Oil
whom
they
were
leased.
One

from

6,300.000

accommodate

Operating

for

assured

are

that

constructed

distribution

to

of

this

company

home-heating

by

$3,345,554
1,515,748

taxes

the

some

551.

stock

capacity

addition,

Groton
the

2035.

ac¬

in

suspended

Southern Colorado Power Co.

$3,793,320

income__

$75,879

$62,503

1,468

DrllO

income-.

holding the Ethiopian Oil
instructions had been given to

re¬

drilling

stockholders

areas

tanks

capacity

polish for

cream

soap

that

Ethiopia

subsidiary,

15

Oct.

per

this

Weathersfield,

kind

grocery and drug trades."
new
line will reach the market
and

a

Oct.

Since

supplies

by

combined

the

glass polish,

Co.,

was

in

Island

14

The

To Market Non-

(net)—

oper.

taxes.

:

and

to

1947, $1.25

improved

31,288

income

529,610

$21,610

on

17

,

$314,377

taxes

Federal

9]^
$37,369

~

Socony-Vacuum Oil Co., Inc.—Leases Two Tanks-

Adminis¬

probably

28,170

General

78 388

par¬

Co.—Earnings—

amort.—

.

;

950,

products

161.533

and

,

.

countries

petroleum

1948

168, p.

distribution

$338,459

reserve

charges

operations

payment

In

*

the

400 983

expenses

railway property—See note.

Maintenance

Gross

These

10%

ex¬

for

example

include

administrative

debts and adjustments^

disturbances.

cash

was

Cooperation

1948—Month—1947

revenues

Operation

,

$738,812

.

5,956

4.598

Weekly Output Increased—
Electric output
3.260,000

$62,393

$833,053

19,884

$743,410

9,802

158,984

108,095

$57,463
Preferred dividend
requirements

$52,591

$674,069

this

kwh.,

corresponding week last

210,000

output

of

company
as

year,

this

'

for

the

compared
an

16.

Oct.

ended

week

2,476,000
increase of 31.7%.

1948.

for

kwh.

with

tnu
Q.a

$635,325

210,000

of

totaled

Electric

$77,347

Income

deducts.

(net).

income

Balance applicable

Earnings

per

168, p.

to

common

common

share, 226,584

$464,069

$425,325

$2.05

$1.88

shares

1259.

PURPOSE—Froceeds

campaign™01

will

be

used

SalC

to

COMPANY—Company
businessmen

young

their afforts

executive

On

who
to

offices

incorporated

believed

the
are

in

385

of

North

SIGHTMASTER

and

2,

to television.
1947, Sightmaster Corp.

Transvision, Inc., of

New

Rochelle,

Sept.

future

29,

of

televi'sion

represents

A

groun

Rochelle

at

N.

220

(Patent pending)

this

N.

Y„

to

into

buy

Fifth

an

company's
agreement

parts,

is

first
.

with

accessories,

■u '

i9io»

2.581,000 kwh. for the cor*
25.4% —'V. 168,*p. 1590.

Commission
of

the

has

Union

approved the acquisitiofl
Ry. at Oakland, cam.,

Belt

stock

ownership.
Commission refused

Southern Ry.—Estimated
Gross Earnings—
—Week End. Oct. 14—

Period—

-

■

1948

—Jan. 1 to

1947

$6,202,750

Oct. 14—
*

1948

$5,906,464

$256,235,951 $22i,29j.udu

Equipment Trust Certificates Authorized—
The ICC

on

Oct.

5

authorized the company to

assume

obligation an<l
trust cer

liability in respect of not
exceeding $8,700,000 equipment
tificates, series OO, to be issued
by the Bankers Trust Co.,
and

y

entered

company

through

of

Y.

9,

Oct.

ended

week

Ten years ago, the
ififi
to permit Southern rac
and Western Pacific
RR. Co., to buy the short line that horde:rs
■
Oakland's inner harbor and
serves 16 industries, for $150,000. At, t
time it permitted
Southern Pacific Co. to operate the Belt Line un
lease.—V. 168, p. 1590.

television
began to
television sets.
Plant

openecl

Commerce

by this

$85,000

Co

of

quality
Avenue, New

Interstate

control

for

Gross earnings

1947.

the

Southern Pacific
Co.—Acquires Oakland Road—

manufacturing facilities
an aggressive advertising

haVe been
ln

with

contribution
Oct.

the

production
at

'^Y^City0010 a°d °ffiCeS

exclusive
major

was

for

3,236,000 kwh., as compared with
responding week last year, an increase of

expand

products b>'

company

totaled

The

stock

Sightmaster Corp., New
Rochelle, N. Y.—Stock Offered
—Willis E. Burnside &
Co., Inc., New York, offered
pub¬
licly Oct. 18, as a
speculation,. 99,000 shares of common
stock (par
250) at $3 per share.

Avenue

Mm.

ENDED

Skelly Oil Co.—Declares $2.50 Cash Dividend—

,

Period Bnd. Aug. 31—

Operating

***
'

MONTHS

nf

National
1

1404.

expansion

its

than

managing director of Royal Dutch-Shell, said
doing what ECA has in mind in urging
people to

Sierra Pacific Power

and

■ourea

Bank"

City

the Chase

;

The directors

payable

;

implications

167, p.

devote

}}. J

*

tax.

11-

this

deductible

of

1-20

>

4-30-49

1—

_

closed

British

30%

10.30

137(4c

tPayable In 1L 8.
Funds, less 157®
tPayable in Canadian
funds, tax
resident tax
15%; resident tax 7%.
Less

10-9S

37(4e 7-30-49

common

6%preferred
•Transfer

5-31

10-30

37 %c
37 (4 c

...

(quar.).

preferred

Ltd.,

6-15-49

371,3c

(quar.)__.

convertible

Zellers,

3-15*49

and

1

Federal income

operations.—V.

Recovery

10-20

25c

convertible

a

1

10c

6%

'

1

12-

12-15

common

6%

*■

11-

10c

10c
convertible

1.

—V.

common..

be

10-15

$$1.75

(quar.)

Corp

should

furniture, a self-polishing wax for floors
furniture, walls and woodwork.—V.

Net

rnmmnn
Common

Co.,

expedite
sooner

$129,600,000 worth

10-15

28c

Light

whom

sale of non-paint
products
The first of
11 products in

Other

10

agent

registrar.

$5*>5 74t

exploratory

local

p.

9

11-1

25c

—

Cab

European

marketing of a complete
through super markets,
drug, grocery, hardware, paint and
depart¬
Introduction of the new
line, according to the company
beginning of a concentrated program to
develop further

stores.

2-

1-3-49

transfer

earn

company on Oct. 13 announced the
line of
non-paint household
products
stores and retail

1

25c

Yellow

areas,

The

11-

(initial).

(quar.)—

Co.,

dollar

the

Sherwin-Williams Co., Cleveland

11-15

_

Niles

the

Retirement

i/rnllthiv
&

to

Paint Household Products—

"signals

20c

common

Monthly

from

contribute

production

to

because

"We

the

$1

Co.

oil

with ECA.

1

$1.12%

it

tive

in the United

group

of private
financing encouraged by ECA and would enable
the company to earn
dollars more
quickly.
It was launched, he
said, without consultation

1

Wrlgley (Win.), Jr. Co.—

Wysong

said

2-

&

W.)

thereby

for

available

themselves."

Nov.

usp

between British authorities and
the Ethiopian Government for
effec¬
police protection, and in view of the
energetic measures taken by
the government it is
believed that there will be no further
interference
with
the
activities
of
the Sinclair
company.
All of the equipment
already on the ground is available for immediate

18 had the follow¬

Leigh-Jones,

London:

chain

underwriter has
agreed to

appointed

INCOME.

Petroleum

Ethiopia.

is

recovery.

George

11-

Mfg.

Wright Aeronautical

Wilkinson

European recovery, the
bond issue is understood to
have had the blessing of both the British
and
United
States Governments.
The Anglo-American economic co¬
operation agreement envisaged that British
assets in the United States
should be used for
furthering European

$1,25 2-15-49

James, Ltd.—
preferred (accum.)

Woolworth

1

11-

$1,25

Service,

Wood, Alexander

11-

»

$1.25

common

new

ERP,

made

Presumably

11-15

Winters & Crampton
Corp

Wisconsin

H.

and

»

new

Stationery Corp.—

&

and

need

East.

He

been

concession, announced

Vene¬

10-15

,30c

......

11-

31 ViC

Wisconsin Electric
Power, 6%
Power

board

production

75c 2-15-49

preferred

in

company

will
oilrthirsty United
States,
where
it
will
earn
dollars, and
Western Europe will
increasingly draw oil supplies from the Middle

ment

Winnipeg Electric Co.,

Wisconsin

4

10-19
10-19

10c

Co.

preferred

non-cum.

12-

11-15

75c

...

Wilbur-Suchard Chocolate, $5 pfd.
(auar.)_.
5%

1

10-15

12-20

75c

Cement

the

to

in

with

Sinclair Oil Corp.—To Resume
Operations in

.

1

11-15

(quar.)
preferred
(quar.).

non-cum.

11-

$1,75

(quar.)

convertible

7%

10-31
»

$1.5Q
/

this

been

help

preferred

Whitehall

10-25

11-15

12 (4c

........

preferred

Machine,

of

through the Economic
tration between last
April 3 and Sept. 20.
However, the bulk of the increased Shell

7-15

62'4c

$1.06(4

(quar.)
Weston (Geo.), Ltd.,
4%% preferred (quar.)
Wheeling & Lake Erie Ry. Co.—-

White

8-1-49

3 7 (4c

(quar.)

of

Part

go

OF

and

Treasury.

had

10-15

37(4c

preferred
(quar.)
Westminister Puper Co.

4%

Chairman

money presumably will enable Shell to
make
the
increased production
available

ticipating in

1

(quar.)

&

operating

new

10-15

11-

37(4c

(quar.)
preferred A (quar.)
preferred A (quar.)
Tablet

is

Europe's

Britain

12-1

11-1

Common
6 %

leading

financing operation by the Shell

Western

for

2

37(40

le«

Inc., New York W
Sightmaster dated'i3

sold

factors

p.

Sinclair

of a world-wide development scheme for a vast increase
petroleum from British-controlled sources which is
designed

12-10

37(4c

A

5%

group's

10-22

preferred (quar.)—..
Western Pacific RR. Co.

Western

the

1

11-

appointed

has

Surplus July 31

Petroleum

11-

5%

5%

is the successor
company to the Caribbean

$1.31%

c

the

aunoint
p

Co.,

REGISTRAR—National

been

York,

for

-V/ 168,

10-14

7 (4

&

naIi

follows-

^9.000^

City of New York has
been

agreement

which

as

8.000

confined

are

The Shell bond issue will
give the group dollars to finance expansion
in the Western
Hemisphere without recourse to the British

(accum.)
Western Light &
Telephone Co.—

Common

operations

Program.

$1,25

its capital stock
is now

Burnside

or

The

the Shell Union stock, had

18,

10-15

I7(4c

Insurance

Insurance
class

Oct.

is part

relieve

12-21

E.

WaSl

(2V

the

500,000 shs.

terms of

profit

Provision

company.

10-29

1-2-49

for

outstanding

7,759
Net

virtually
At

represent
that

in

dispatch from London Oct.

in output of

62V,c

Extra

Western

share

a

collateral

as

Dutch-Shell

1

(quar.)

Co

up

1

(quar.)

Mfg.

put

Royal

pected.

common

Electric, 6%

7%

Co.

the

recently incorporated in New Jersey to take over
Royal Dutch-Shell group an the Western Hemi¬

years

enormous

11-30*

and

and

ni

has

Interest and

of

A press

The

the

shares

(exchanged

issued

Operating profit

ing:

10-20

,

shares

presently

in respect to

°r;

incorporationPai^

Union

;

1

Foundry

Gas

Shell

Royal Dutch

11-

(quar.)

Ohio

of

of "the

11-

(quar.)

West

shares

assets

4

(quar.)-.

Steel

pfd.

the

11-15

(quar.)—

Co.

8.800,000

of

25c

_

Mfg.

by

62('2c

$4.50 preferred (quar,)
Waterous, Ltd., Class A (quar.)
Wentworth

the

Leigh-Jones

12-20

| Co.—

200,000

are

underwriting

Provision for bad

part

Union

of

was

of

many

11-

$1.50

by

York

sume

The

an

STATEMENT

Life

(quar.)—

(quar.)

preferred
(quar.)
6%
preferred
(quar.)
6%
preferred (quar.)_
Warren Brothers Co.. class B
preferred

for

George

12-17

the

pari

Selling, general

secured

price of $39.25

President.

10-18

1

direct

200 shares

1948,

offering

Bank, New

10-15

11-

11-

into

the

of

be

Shell

Shell Caribbean

$75c

6%

$4.25

of

assets

70c

(quar.)

Washington Gas Light,

<

1

12-13

vision sets

directors
uuctiuis

(par 25c)

Cost of goods

zuela,

12-

has

teW?t!enable4

-

the certificate of
capitalization to 500,000

which

of

(no

Income from sales__.

considerable

holdings

75c

___

$4

Co.,

10-15

22(4C

—

,

11-15

1

50c

Utility Appliance Corp. (quar.)
Vapor Heating Corp., 5% preferred (quar.)_
Vertientes-Camaguey Sugar (quar.)
Virginian Railway—
6%
preferred
(quar.)

$2

1

50c

—

common

Power

preferred

prior

West

1211-

Knitting Company—

5%

West

1

25c

(quar.)__

pfd.

Tobacco,

Peninsular

Utica

11-

50c

(quar.)

preferred

Co.,

Leaf

New

,

53c

53c

tub<£

Inc
Inc.

$525,000 worth of

the

televi.

am

Sightmaster, 99.000 shares of common
stock at
price of $3 per share.
The underwriter
has made
firm commitment to take
any of the shares and is
bound only t0 ,!!
its best efforts to.
distribute the stock
being offered.
'
TRANSFER
AGENT
AND

Life

Mutual

Sept. 20,

increase

to

1948

public

sphere.

to

preferred

United

Universal

pfd.

20,

Hemisphere.

will

a

company

10-15

Corp., Ltd.

A

The

9-28

1

12-1

(quar.)$1.75

4(4%
preferred
Foundry Cc. (quar.)

8.

U.

Provident

RCa

.

ray' tubes * as" _N,?rth
Jl' "Ufin
ray
*s
Well as

operation.

best efforts to seli for

the only funded debt of Shell
bonds will be used for oil develop¬

of
$345,400,000.
The
company's
entirely to the United States.

11-

Inc

Co.,

V.

closing

58(4c

(quar.)_-

(quar.)

Chemicals,

and

On

constitute

value

50c

Manufacturers

Western

shares

58V3C

(monthly)
&

York

of

names

UNDERWRITING—Willis

in* the Western Hemisphere, including the group's producing
in Venezuela.

entire

a

—

Merchants

New

their

comm.*.
1 lete

the

stock,

shares

entered

Mutual Life Insurance
England Mutual Life "Insur¬

New

catnode
cathode

Transvision,

than

more

months of

The Chase National Bank of the

Shell group

almost

10-21

of

Sun

of

Capital stock

Life Insur¬

York,

of
ot

with

registrar.

Northwestern

Co.,

will

proceeds

issue

and

the

be

each

Corp.

New

of

deliver

10

tion of the corporation

Philadelphia.

be issued

The

the

Corp.

The

Trac¬

to

bond

the

—

prior

in

properties

prior preferred (monthly)prior preferred (monthly).,
6.36%
prior pfd.
(monthly)_„_^„.—>—
6.36% prior pfd. (monthly)
67o prior pfd. (monthly)

6%

bonds

The

1

held

United

12-10

com-

will

of

rate

1-3-49

Fractional

7%

■*

10-12
10-12

(One

7%

6%

1

of

Co.

agreement

to

stock.

common

200

Co., The Prudential Insurance Co.

Insurance

The

Insurance

suppiy
supply

the

Dumont

.

The

Oil

American

of

11-

11-1

Co.

Life

Canada,

the
uie

with

Suesholtz,

a

Metropolitan

are

iur
for

assemble

contracts

CAPITALIZATION—Corporation orginally issued

(N. J.)—Places $250,-

Co.

participating

Insurance

Mutual

of

Carnegie

10-15

10-15

(quar.)—

be issued

the

at

Co.,

ance

The

Life

Travelers

11-1

(quar.)

Petroleum

companies

York

Co.

The

11-15

Ltd.—

shares

50

share

America,

+37c

10c

preferred

not

distributed

l/50th

10-30

11-15

(quar.).—

&

each

New

87(4c

(quar.)

Railways common
American Light & Traction

for

shares

class

Investments,

6% class A
United
Light

insurance

Co.,

125c

& Tool,
(quar.)_

Fuel

11-15

Corp.—

preferred

officers

common

ing.

11-10

(quar.)

Drill

Class

tion

Stores

th 45
$0.45
stoc

five-for-one

negotiated in the history of corporate financ-

ever

11-16

62'4c

(quar.)

Corporations, Ltd., class A

Class

mon

92'/2c

Caribbean

87J/2C

of California

*2i527

$1,00

reflect

to

wo.
Co.

to

and prmcinal
ana
princmal
corporation, each of whom is
now
servin
servir
U*
as
follows:
Michael
L.
Kaplan,
President
and
directordirector* »
nf' are
Kaplan, Vice-President, Treasurer and
'reasurer
director: F
wZ^B"nard
director; F Wakefield \fnar<i
Vice-President and director;
Irving J. Bland,
Secretary and riir
0r'
Joseph B. Katz, Assistant Treasurer; Herbert

Royal DutchShell group company, announced Oct. 19 that it has
signed contracts for the sale at par to a group of Amensan
and Canadian insurance companies of an issue of
$250,000,000 of its bonds bearing interest at 4% and
maturing in 1968, effective upon the completion of neces¬
sary legal formalities.
The loan was arranged through
Morgan Stanley & Co.
This is among one of the largest

The

(quar.)

$3.70

Union Oil Co.

S1.23

000,000 Bonds Privately—The company,

Union Electric Co. of Missouri—

*

^46

811,775

$1-45

$798,964

$995-416

805,835

-

per

which

other

MANAGEMENT—The
tive
ve

amended

-

4(4%

$1,167,979

shares..

share....-

capital

Shell

11-

—

Company

1

$1.50

Common

Edison

10-

Mills

Common

Toledo

11-15

—

(quar.)

conv.

of

with

parts.

the first

during

1947

1948

-After taxes and
charges. .(Adjusted
split in January, 1947.—V. 167, p. '2794.

Il-lo

pfd.

Common

Trane

10-20

5%

(quar.)—_—

Cotton

11-12

held-,

Company $2.50

Thomaston

/e

Corp.—

dividend*

40

Light, $6

income

No.

Earned

~~J-

(stock

share

10-29

33 Va

Products

*Net

9-17

11-15

Co.

dividend

Company

11-1

20c

(s-a)

Transmission

Power

One

Texas

$1.25

—

preferred

Gas

Tennessee

.

Aug. 31—

has

operating

SIGHTMASTER

Sheaffer Pen Co.—Earnings—

6 Mos. End.

(quar.)__

Inc., 4%

Tennessee

-

This

(Continued from page 14)

Co.

tubes,

ray

rnmips
Phillips

accessory
ccessory

,

Talon

sets.

SIGHTMASTER

Investment News

10-10

H" 1
\
11-

cathode

sion

Corporation and

American
merican

Securities Co.—

preferred

Oil Co..

Monday, October 25,
ig48
and

General

10-20

common

CHRONICLE

FINANCIAL

&

Holders

Payable of Rec.

20c

Ctruthers

$1.25

When

COMMERCIAL

sold

at

99,405

procurement of

The

and
accrued
dividends,
certain new equipment.-

in

connection

as

trusi«?,

with

Bankers Trust Co., New
York, N. Y„ has been appointed trustee,
paying agent and registrar for
$8,700,000 2(4% serial equipment trm

certificates,
p.

1625.

,

series

"OO"

(see

offering

in

V.

168,

p.

1404).—V.

l

#

>3

Number 4745

168

Volume

;;

- THE

States'Iron Roofing: Co.—Earnings—

Southern

abroad

;/

been

Sept. 30','48 June 30,'48 Mar. 31,''48
earnings alter taxes_iu.^i_-L-i.i
$267,000 ; i,$79,000 •' $164,000
-E-ndedr-r

n„irters

Net

-•

v.-;

•

The

for the Chie; months ended Sept. . 30,.' 1948 were $11,474,283.
Net sales' -for the'thiittquarter were $8X10,000 greatetv than sales for
the second " quarter ^Whlld 6Xpcft$€$ for the same period were $104,000

'*

"

'

,,

.

,

.

„

.

.

*

'

.

at

■

■

report
cvf Sept. 30 indicates a rutlo of current assets to current liabiliti03 ,^2-5 fo ^S^st^ratms^of L3^^1jn^ 1947 ^d^l.5^to^l
fn 1946 Working -capital has increased ./from $806,425 on Sept. 30
nst year to,$2,258,622 -this year,-'.'
The book value of commop;-stock :has risep:vf«>m» $2.&7 per share
in Sent
1946 "and $5.05 in-1947 to $6225 per share' in Sept., 1948.
Long 'established, as, a .mail - order --- -house; nhis-'cbrniiany; .in February
Feb
/»iT TT—
r
•(
of this year completely abandoned its mail order/opeiatioir,- the largestv
viich in the Souths
and. went over entirely to a' fabricator-jobber of
metal roofing and-a broad lihe of building material products.
Since
February ■ alt sales,; have -been -wholesale
only,/ and • the, company now
has over 4,000 active dealers
throughout the South.;.. . ■■
According
to
James W. Mclntire, Executive-syifcefPresident and
Treasurer; the company expects -this year to eQIldlrarid -probably better,
last year's $772,000; net profit after taxes, even though sales this year
The

•

,

•

.

r-

■

.

.

,

-

.

.

147 RR4 04R- *41

Net

the

the

assistance

handling

of

of

private
of

some

contractors has

the

increase wilt result in

immediate

an

further hike

in

The

sic 757

166,

and. domestic

Vultee,
and

ranging

eral Reserve
The

chines.—V.

Coca

168,

Cola

truck'bodies

489.

p.

and

tractors

to

products

Judge

C. Rummel has been elected President to succeed the .-.late
McPherson. Mr, Rummel has been a director and Chairman of
the
executive committee •of the rbfcd for the past" year..
He will
resume his new .duties "on Nov. 1.—1V. 168, p.-1.487,; /
"
• ■■ A
S

'

f

Rakeryt l»©.,

SU-Kieen

-;

'

i

in

has

Lynchbur^j Va-—Files With
;
,i:.. •-

>',)!■

a, letter/Of notification was
filed with the SEC for
of/commoh;: stpck; to be offered at $10 per share../Under¬
writer, Scott,'Horner & Mason, Inc.—V. 166, p. 1096. <" "•y'r
5
; 7.

Oct.>13

On

7,245 shares

,94^000
•

in

'—V. 168,

of

purchasing
and

D

——

•>.

...

.

To provide working tapitkl with any balance.v

.

.....

,

/

■

-

^

'

500,000.

stock

record; ©Ct

of

—

- -

.

— - -. ^

u.....Vu

—.

,mv.*

w

notifysthe;

>NfwYwk

is

-as

-laeht

nrior

the

1.296,loo shares of Texas Gulf stock.

owns

'1948'' 'for

of

account

customers

should be converted by .sale, into cash.

/

,

Gulf

are

the

that

prove

in

of'

York; 146 Broadway,

New

the

to

close

of business

Nov.

on

1,

ttiSy Sta". to"

*

--.,

Texas

that

20
of

Trans-'

$60,000,000.

Transamerica

does

not

the

stock

the

indicate

had

Clayton

only

cannot

be

1627.

p.

acquisitions
Act

of

part

clearry

prepared

of

whether

or

them.

Without

to

question

-

The

the

of

by

to

call

for

stock

and

stock

common

but

offered

the

$22,000,000
be

to

Stone

Webster

managing the transaction, it is said.—V.

com¬

privately

to

taken

be

carrying common
probably by micf-

public
&

of

placed

slated

is

preferred,
the

to

and

intends
Metropolitan
totaling $191,registering with the
company

York

stocks

are

Co.

&

this

New

and

The

be

Weld

plans

preferred

stockholders,
is

the

$14'3,000,000

totaling

White,

to

bonds

of

present

$26,500,000

Bonds

by which

Texas

issuance

company's

of

.

from

gas

Securities

Corp.

167, p. 2693.

result

a

the

of

shares

of

of

with arid

merger

stock

common

of

into

this corporation
Oct.

on

Tri-Continental

of General

1948, the num¬

l,

purchasable

Corp.

exercise of its stock purchase warrants has been increased and
purchase price of such shares has been adjusted, so that for each
share of common stock of the corporation
specified in said war¬
rants to be purchasable at the
price of $22.50 per share there is now
purchasable., 1 27/100 shares of said common stock at the purchase

upon

the

one

price

of

$17.76

per shares As a result of
the above Warrants which became

terms of

there-has
.-V

been

I/The

will

warrants,
basis

of

that

is,

the

of

stock

common

of

the

basis

present

of

to

the

trading,

in

fact

stock

at

$22.50

warrant

such

share, It

per

the

holder

being

thereof

understood

will

be

,

that

above

the

such, warrants will continue to be dealt In on
the warrants at the rate of one warrant-'for

in

Common

exercise

upon

stock

common

share of

one

Exchange also calls attention
in

occur

specified

share

the

a
previous change in the
effective in February, 1933,

shares .of

share jn-lieu of

per

York Curb

New

122/100

share specified in the warrants.>

per

change

no

the stock

purchasable

corporation at $18.46

£}t $22.50

Corp.

to its-holdings of Texas ^ Siia{ ftio» sold to
Gu*f stock not
Gulf Sulphur. Co, No public offering of any such shares

Whet scrip ;certrfic'ates;vH"-;,+K"''*",,m- 'rtffinnnw-fe
payment bfj ;;thfe "stock
record Oct. 22; T948I;/ After the '
full shares of cipitaT stock may be split up into scrip ccertificatfes.—

one

12 .to

year,

168,

company

argued.—V.

1,840-mile pipeline

natural

warrants,

As

re^peot

™

Oct.
excess

which

all

of

against

case

Oct.

Tri-Continental Corp.—Stock Purchase Warrant Price

These

Oil

hearing

a

to dispose of its stocks
banking offices.
Samuel

Beard

violation

a

Stewart

require

issues

ber

'•■iS5 o?^
with

America,

lessen
in

commerce

it

598

$191,500,000—

November.

.

22

for

Shareholdings Corp., which became effective

Trust-Go-,

Guaranty

"Y

n

to

in

out.

notice,

privately

up

*

•

..should

seeks
were

institutional investors.

to be applicable-., to both quarters, k of the large capital expehditures contemplated by Gulf Oil Cbrp. during
:i487^-i; v'i
-A/ the • next few yeaw in otthn'" to meet the expanding demand for
,..lvA.-'Petroleum, products, it has been decided that the money represented
Standar&'.Oik €©: ^New Jersey)—-Restock-Distribution' rby A• portlorr. of this investment can be used more appropriately by
'•j- Th!S> 6Chipaiiy-a(tvised oh Oct.. 15 thht: banks or brokers who hold
?fUl/hjn,oil business and that accordingly, a portion
its cinital

oi

It charged

subsidiaries

monopoly.

a

order

with'

that

with

paid, on Septi.2,:20y? was .intended
(See. V./168, p. 255/,-—V./168, p.-

.

should

Bank

stock.

-

'

is

mon

V1948, declaring the regular--quarterly, casn^iviu^iu.oi^u^u^.iw ^^-y-grante^^v^ita-s^ ^by said subsidiary to Texas' Gulf
Sulphur Co.
ASharetoof outstanding, stock, > payable on Dcc.^>stoekholders • >Gulf Oil Corp. said: "This stock has
record Nov. ;10,/'1948.:V The: directors -at-that
,time^i.mdicated.;that "been^'-held-"as-, an lhYesfeieht by Gulf Oil Corp. since its acquisition
the extra dividend in Standard Oil Co. (New Jersey]Vstocky which was
and during that time it has
greatly increased in value.
In
view

'..-v■

create
appear

'banks

its

restrain

the

make

Mr.

will

SEC

„

:V> of

,

to

to

Board
46

and

banks,

more

tend

considering the> prepara-

this company,r in
•'attention to the previous action of

■

it

years

transmit

Area

of

Secretary

The

the

the company last June.

on

Transamerica
or

and

of

Financing of the
to

ut $5o a share affords to the Texas Gulf company an opportunity
? employ a part of its surphu funds in the acquisition of its stock
af> A substantial discount from such Jhaiket quotations.

(Ind.)—Explains. Stock Dividend^f-

Standard Oil Co.
.

by

Trans-Continental Gas Pipe Line Co.,
Inc.—Financing

is-willing to sell part of its holdings to the company at the aforesaid
price) which is substantially below the
recently quoted market prices
on
the New York Stock
Exchange.
Prior to reaching the agreement

1259.

p.

20

to Total

stock
.r.—- —.

whether the court should enjoin the
is given a clearer statement of

interest at the c-nci of last

whether

try

witnesses,

the

Adminis¬

company

directed

them

to
advance

this

proceeds

t

..

does,

Securities Act

PawcatUck,

.

To.expand- sales; (4)

(3)

interest

Yorfc^•-'•bife/!Sep7;vM^.dffe^d;.:-©°JPW-«iTem-;."Oulf bad been

New

it

one

was

stock

past

will

the

Whether

gives the district court authority to
its hearings or takes any action

company

the

in

shares* Of en«ifal

The net

'space

& Co.,

Grace

-Sterling,

it

concluded^

will know this
the Board to go

Board

permit

company, told the court
values its Interests iii these companies in

largest of

the

Gulf,

Standard Cable Corp., Westerly, R. I.—Stock Offered

•

will

begins

Transamerica-complains

-

.

1946

the

areas

' all"

or

22.54%

a
.

company
and its
stockholders, to. expends &tj the
present time $27,500,000 in the purchase
of 500,000 shares- af.
'the /outstanding capital stock at a price of $55
per share.
The opportunity
to make such purchase arises from the
fact that Gulf
Oil Coip.,
a
substantial
stockholder in Texas

sec— ^-

Reserve

Court

company's

complaint

a

counsel for

america
The

served

between

whother

"any

if

purchase;-

company

determine

of

until

western

more

Stewart,

contained the

part of the issued

'

>

15

The directors have
carefully considered the advisability of
and outstanding capital stock of the

,

•

stock

.The

following data::

'*

.

Oct.

on

the

charges.

The Board

enough

A letter to the stockholders

Fred

E

'

New York 35,> N. Y., the designated agent
company, on or before 3r p.m.-.(EST) Oct. 29, 1048.
"

District
on

Board

company;

hearings

competition
or

Act
the

before

Board's

that

Z-;1'1^/r Trtikt'-Cb.^lO Wall Street,

of-the

Federal

the

S.

early as possible tl^is week.
must rule on two questions;

as

against the
the

,

1:,

and
U.

hearings

Procedure

Board's

tenders of stock from all stockholders
and will purchase up to 500,000 shares

invited

has

Corp.—Court Promises Ruling—To De¬

Morris

trative

Gulf Sutphur Co.-Call for Tenders-

company

per

31 to
April

31,

Begins Hearings—

the

its

decision

a

ma¬

«•:

sales,.-—.----1--, will be prorated on the basis of the percentage of, stock tendered;
Pro.rr222 iio' ^1 '2221 In
ke. the/company will accept such part of each tender to the nearest
'Capital shares outstanding__________^,,.J,222£1®, ,fuii sHar<-as 5oO,OOo shares bear to the total number of shares
Earnings, per;. shaEe__v-r__-^______ W:^.;_,$5.b9. .
$10.12
tendered^-hi all stockholders
...jAftew Federal;'.- income
taxes, and hv/ 1947^»ftto'-$4(0©Q/^
tender
stock
pursuant to this call
tingency reserve.-—V. 168, p. 750.
'•'■v-'■•-' -for-tender-.must deliver certificates for the shares tendered to Bankers

'lnteriiaM»l»a^RR.—N^W'President—v

with

intervene

The

Jan.

on

banking interests.
•
•
Attorneys for the company and the Board argued procedural ques¬
tions before Federal Judge James W. Morris Oct. 20, and he promised

♦Net

Spolune

whether

ahead

airplane,

vending

cents

Oct.

dividend Just declared, accumulated and un¬
preferred stock amount to $3.65 per share.

the

corporation

week

airlines, sub-contract work for Fairchild and Consolidated

from

paid

was

91V*

of

payable

stock,

amount

60.

p.

Transamerica

fighter planes for China, other overhaul work for
•
•
••
■
countries including •Brazil, conversion work for. foreign

manufacture and irierchandising of the Swift personal
score
non-aviation
commercial
sheet
metal

last.
the

dividend

a

preferred

like

A

cide Whether It Has Authority to Intervene Before Fed¬

95

several

20.

to

on

declared

20

cumulative

Oct.

31,

effect

dividends

—V.

original contract brought TEMCO's 1948 backlog above its total
of. nearly $7,000,000. The company also is engaged in
wj nearly
3>i,uuu,uuu.
ine
aiso
is
engageu
in

foreign

July

Giving
paid

wwiiucm

other

and

30

record

of

Oct.

on

3.65%

the

on

holders

business

f*

directors

share

employment

TEMCO,

1947

51

Thalhimer Brothers, Inc.—Accumulated Dividend—

main¬

heavy

at' a"price of $55 per share
->at such Price. Nc stockholder will be permitted to tender more than
Q( hfe hoId|figs o£ recoM at the Jlose ol business Oct.
15, 1948.
If tenders are received in excess of 500,000 shares, the stock purchased

an 'A.H

Aug. 28, 48 Aug. 30, 47

.

,

in

The

the overhaul of
the overhaul of

>

•"-•V."'

9Bi^4R;iiii«r

Aiw

/

■

.

help

The original contract last May gave TEMCO a total of only 45
airplanes for eventual completion of the contract the following March
at a cost of $2,700,000. This iiTst was revised
upward in August to a
completion schedule Of about 15 planes monthly.

t

•••'.

—

.

Weeks Ended—, ;

52

'

-

^

Kellogg & Soils, Inc.—Ea'TTiirrgS—

Spencer
•

•

//

c-

this ■country,
to

(1735)

r

X:$15-000'000 ,s comP*red W,th'/" Texas
:

in

FINANCIAL'CHRONICLE

&

already Dallas' largest industrial employer. Already on
an
extended shift basis, TEMCO will speed plans for the further
additiori of several hundred people in an effort to bring its second
".shift up to the size of its first, according to J. H. Baylis, Industrial
Relatibns Director.

.

•

and

enlisted

tenance.

Sales

ipss.

COMMERCIAL

the
one

that

entitled

to

.

♦

See also V.

168,

and

1625

pp.

Standard-Thomson

purchase
COMPARATIVE

551. ■ .'>v

e

ACCOUNT

SHd

x

12,197,834

500

&

gen.

.1,331,264

504

Selling,
•

ri-

-

J,., j

•

.•.-•••

..

The comp ari y/s CUf fo rd Manu fact axing Division

V

that

a....

.

i

.

i

554,703

admin,

on-Octv 20 announced

had .approximately. $1,500,000 in uiifiUed orders. Gn heat
chann-pve
;changers fnv jet; lirimnrorl Qirhviff and latest f.VDe -oil. .coolers
for. iotpdwered
aircraft nnH latest; type Oil COOletS
standard military and passenger aircraft.—V. 168, p.. 1404. - ,'

Sterling Engine Co., Buffalo, N. Y.—Shows
The company

receivership
N. Y.,
fwho

was

also

has-made

last

profit

net

a

February,;^ Federal

informed

told; the

$103,162 borrowed

on

Oct.

13

the

on

200,000

.v, Misccll.

Prov.

-

9 Mos.

of

income

Earnings

,1946;.$1,753,139
,
505,201

4948 ;
.1947 ^
Profit from 'operations-,'>■ $2,233,803/-$1,405,299
Inc. from other sources
518,632
443,572
Total

gross'

Deprec.,

.on

incomel/i/.' ' $2,752,435

plant

v

Properties, etc.

.

141,403

Federal taxes

:

$1,848,871

and
'( -

Net

income /
V. 168, p. 1405..

,

992,000

$1,619,032

'

,

'"/'•

.

1

.

1945
$2,002,113
359,305

of

the " outstanding

'

$1,058,437

,/-■.

,

.

-/

,

-

.

6,350,000

^8,300,000

$15,239,519

$9,993,023

'

$3.12

/

.

of

BALANCE SHEET AS

supplies,

of

.

$1,424,191;

$9,171,819),

-

in

to

cost.—V.

-

■

"

their

of operation.

maintenance and overhaul work of the Air Force is done by
fc Personnel at its own depots. Due to the present day overload
USAF
aircraft and to certain high priority commitments bo.h




and

(after

advances

reserve

to

per

145, p. 1276.

there

Hutzler and

3% coupons The tihderwriters
will be no public reoffering of
a

transaction.
bonds

■

will

be

•

guaranteed obligation of Penn. RR.

a

Other bids
submitted, all for 3'/bS, were: Halsey, Stuart & Co. Inc.,
The First Boston Corp., 99.779; Lehman Brothers, 99.6599;
Clark, Dodge & Co., 100.4; Kuhq. Loeb & Co., 100.19; Kidder, Peabody
&
Co., 98.149; Harriman Ripley & Co..
Inc., and Union Securities
Corp, (Jointly), 99.32.

charges,

$16,124,259;
for depre¬

$651,553;

total,

depreciation
.168,

reserves

p.

against

these

facilities

almost

'

1626,

,/

equal

Cost,

1947

$10,011,126

$8,345,192

27,902

15,882

income

$10,039,028

Taxes

on

income

424,538
$676,746

$1.81

expenses

6.521,272

$796,532

_______—

$8,361,074

7,702,865
1,044,762
484,869

sales—

of

Selling, administrative and general

$1.53

(estimated)

738,518

of

who

Earnings

per

_•

share——

Purchase of 88,723
,.i

of

The

stockholders

88,723

former

.

common

Chairman,

on

shares

18

approved

from

the

for $1,497,201,

or

the

estate

purchase

of

the

for

'

The Shares

outstanding.
interest
The
V.

rate

rest

168,

p.

of

Constitute

The

more

company

not

to

the

purchase

1627.

exceed

than

late

E.

at the rate of $16.87Va
20/)

of

the

plans

to

borrow

33Are

in

order

price

will

be

440.958

taken

effect
from

at

the
the

3%s.-^~

as

Buys 9%

of Its Pre-

stock

Oct.

on

in

response

5,813

shares, or a little Over
preferred stock from holders
recent invitation it was an¬

its

to

19.

.

,

r

The

corporation accepted all tenders made at prices under $43 per
Average price of accepted tenders was $42 per share and the
5,813 shares involve an aggregate cost of $244,153. This stock is being
acquired by the corporation in anticipation of sinking fund require¬
ments.
The

.

tender

preferred

operation

stock.—V.

will

168,

leave

outstanding

57,331

shares

the

of

1299.

p.

United States Steel Corp.—Opens New Mill—
It

is

announced

that

'*

official

the

opening on Oct. 21 of the new
plate mill at the Pittsburg, Calif., plant
of Columbia Steel Co., a
subsidiary, marks the addition of more than
300,000 net tons annually to the supply of quality steel products made
by West Coast steel plants for western industry.
cold

reduction

sheet

in

the

additions
V-J

000.000

in

mill,

the

the

involves
West

Geneva,

most

milestone

in

whole

of

excess

up-to-date

in

United

by

expenditure program

an

and

the

Utah,

and

newest

is an impoitant
improvements launched

throughout

The

this

of

tin

country,

and

Day, which

Steel

and

the

of more

$850,000,000

its

of

program

States

Steel

ef

after
$130,-

United

by

than

States

country.

plant

purchased

by

United

States Steel from
the government' on June 19, 1946, will play an
important part in the
present and future growth of Columbia Steel Company's facilities on
the West Coast. Upon completion of
the current conversion of the
Geneva
plant to peacetime output, the Pittsburg, Calif., plant will
receive hot

_

cold

United

rolled

produce

rolled

States

coils

ship

sheets

of

semi-finished

and

Steel

for

plates

and

from Utah

ores,

tin

the

plate.

from

Geneva

without

structural

coal

steel

The

government,

and

Utah

for

plant
fee

shapes

processing

was

built

by

charge, to
war.
It makes
or

during the
limestone.—V. 168, p. 1299.

'

■

•

retirement
N.
a

United States Sugar

Hurley,
share.;

common

$1,000,000
to

bonds

-

Stockholders

of

the

'
•

for the

share.

steel

Shares Approved—

Oct.

93.0009

has accepted tenders of
outstanding $50 par value

the

tendered

nounced

into

Net profit

(

bid

Corporation
9%

Inauguration

1948

Co.

United States Radiator Corp.

:

Quarterly Sales—

___________

Life Insurance

1488.

p.

ferred Shares—

sub¬

payable

income

Total

.

stepped-up schedule,

„

on
011

$17.76

this issue, Dick & Merle-Smith and R. W.
Pressprich &
Co. participated with Salomon Bros. & Hutzler in the

,

involving 1,000-hour inspection and
rofi »ul plus accomplishment of - necessary Air Force modification^,
calls for
delivery of 25 of the huge planes each month by this com^nd present planning r-indicates that TEMCO's participat:ion in
^ of reconditioning transport aircraft now being used by Min;ary Air Transport Service will continue for a much longer period
contemplated originally.
" '
yti
lrir
Ti?|]e sPeed-up is required to assist the natibn in the Berlin Air
an^ the
program of reconditioning will involve planes from

Aif

that

announced

V." 168,

1943

$19,268,1741,

deferred

$4,154,210;

Three Months Ended Sept. 30—
Net sales ___/
Other

from 15 to 25 ..planes per month in TEMCO's contract
C-54
four-engine transports for the United States,Ail
was announced on Oct. 14. by Robert McCulloch, President pf
company, with approval of the Air Material Command's Prot'ure-

heaters

associates at 98.7083 for

kind

Schedule—

.

in

Thor Corp., Chicago—Has Record

step-up

_,Tne new;

$2.60

at

resulted

overhaul

Wright Field, Ohio.

$3.97

useful life of the company's
buildings, machinery and
Boling Dome, the aggregate cost of which amounted to
$9,554,106 at June 30. 1948, has been so conservatively estimated that
the high average
rate of production of the past several years has

f.?ECe

at

AT JUNE 30,

investments

—

Division

of

general mort¬

NOTE—The

equipment

-

Texas Engineering & Mfg Co.—Steps Up

^
«em

•/

(current), $853,230; provision for
current taxes, $10,719,827; liabilities not
current, $27,500; reserve for
contingencies, $3,539,244; capital • stock (outstanding 3,840,000 shares
without nominal or par value), $26,175,000; earned
surplus, $42,137,043;
total, $83,501,895.
'■'■./

,

.

$5.64

taxes.

$83,501,395.

•

Taggart Corp.—Declares 15-Cent Dividend-—

A

$18,293,023

9,000,000

capital slock

and

ciation

The directors
have
declared a dividend of 15 cents per share on
the common
stock,- payable Doc. 1 to holders of record Nov. 5.
An
.initial distribution
was
made on this issue on March" 1, last, -which
Was followed
by
a
similar,, distribution
on
June
1 and Sept.
1.
v- 159, p.
U5,
\
'
•

-to

$30,605,011 $21,589,519

4,939,000

share—v- /

per

;

•

594,832

at\cosi; (after reserve for amortization of
plants; buildings, machinery and equipment

'

$820,844

$1,327,421

V.,'^

,

761,024

and auxiliary companies. $1,318,473; lands and development
at cost, contract rights released by, and rights and properties
acquired
from, Delaware Gulf Oil Co. in 1934 and interests in sulphur processes

218.387
1,322,187

1132,919
798,000

142,433
648,000/-

convertible preferred stock have
been called for
redemption on Oct. 30, next, at $101 per share, plus
accrued dividends of $1.20
per share.
Payment will be made at the
National City Bank of Cleveland, Cleveland, Ohio.- The conversion
Privilege will expire at the close of business on Oct.-25, 1948.
'
shares

587,021

sidiary

$2)361,418

-

Swan Rubber Co.—-Preferred Stock Called—
All

$30 077,990 $20,828,495 $17,698,191

$11,965,650 $21,665,011

■LIABILITIES—Accounts

•

•

ASSETS—Cash on hand and on demand and time deposits, $20,951,513; U. S, Treasury notes and certificates. $21,969,000; accounts receiv¬
able, customers, $6,490,457; miscell. receivable and advances, $335,679;
inventories of sulphur above ground, $10,081,961; inventories of ma¬

»

$2,258,340

above.—V.

bonds, due 1973, to Salomon Bros.

The
;

'

terial's

,

1,783,025
;* 400,000

Penn Mutual

Affiliate)

End..Sept. 30—

price

99.48999;

y

Canadian

the

at

1488.

United New Jersey RR. & Canal Co.—Bonds Awarded
—The company Oct. 20 awarded $6,487,000

takes

Net income

i'V

Superheater'Co,—Earnings—
(Exclusive

400,000

280,135

current

♦Includes

<

$16,624,515

$16,904)650

for

on

1,999,195

r
_____

income

Total

.•*

2,326,346
400,000

v

.

Delnnaa

Balance

:

of Buffalo,
Fleischman,
of

Manly

receiver,

contingencies

for

t, 149.575

,

Oil
on

that' -the company has' repaid $64,162
receivers' certificates.—V.; 167, p. 1735.

.-court

stock

common

Union Belt Ry. «f Oakland, Calif.—Control—
See Southern Pacific Co,

.

gage

;

ex-

Profit-—^

Knight

John

Frovi

since it went into

of $175,670

Judge

by

eA.pca.suhexpenses-

v -.

it

of

and

-

"

••

1627

pp.

„

239

-

168,

-Calendar Years.

Gross

-

••„

1 27/100 shares

share.—V.

'.'.•.'iv;'.''.'-'-" June 30,'48
1947
194G
1945
rev. from sulphur
sales
—$30,132,416 $55,365,373 $33,396,933 $33,965,017

Gorp:—fi^riirngs—
THREE MONTHS ENDED AUG. 31, 1948 '

EARNINGS FOR THE

INCOME

an

shares
annual

transaction.

treasury.—

their

annual

meeting.

Corp.—Refinancing—

company

Forest

Oct.-19
O.

ratified

a

'«•

refinarictng plaft at

Tralles, general counsel, said re¬
financing was necessary because of the substantial imminent maturities
the outstanding $7,500,000 loan by the RFC.
Mr. Tralles pointing out
that $3,600,000 of the loan had not been
paid, said the Mutual Life Insurance Co., New York, had agreed to

of

52

(1736)

THE

COMMERCIAL

&

FINANCIAL

CHRONICLE

Monday, October 25,
1945

lend

the corporation S2,500,000 at 4% interest over 11 years and that
Provident Life Insurance Co.,
Philadelphia, has agreed to lend the
•corporation another $1,500,000 on one, two and three years at 3a/4%
annual

interest

Harry
directors

T.

negotiations

Clewiston,

other

13

Fla.,

directors

named

was

the

to

re-elected.—V.

were

167,

board

of

operation

293.

p.

One
mill

United Utilities &

Specialty Corp.—Changes Filing of
Replace Preferred—

Stock—Common to

is

by

of

The

company, by
stock
(par

an amendment
$1) and 33,000

common

to

underwriter

Noel Corp.,

The

stock

(bank

10 cents

at

filed 125,000 shares
purchase warrants (to

15,

stock

Underwriters

are

Van

working

capital,

etc.—Originally,

the

of

southeast

terms

the

plant

at

at

to

vanadium

Alstyne

be

to

Durango

Vanadium

in

l&tc

anticipated

the

sale

agreement

Is

being arranged. The other

Conditional

sale

in

the

the

agreement

White

6%

Canyon

government-owned

rehabilitated
than

more

by

the

U.

by

the

$200,000.

corporation's
ore

under

S.

Vanadium

plant,

it

will

Corp.,

mines

the

and

terms

be

supplied

principally

independent operators
the

of

Commission's

will

be

able

held

by

*

The

rtockhfilders

«tock

front

The

to

the

Oct.

on

1,250,000

annual
first

20

shares

meeting

Monday

voted

to

to

increase the

1,500.000

also

was

from

the

third

AEC

the

the

on

the

plant

Navajo

Wednesday

is

the

approved,

Bureau

of

of

amount

oper.

•Oper.

ACCOUNT

1948—Month—1947

revenues

$1,512,613

deducts.-

1948—12 Mos.—1947

royalties

Indian

ore

mined

was

all

on

Affairs

the White Canyon

$345,198

will

next

$1,413,706 $17,862,287 $16,223,856
1,120,916
13,805.478
11,456,487

1,167,415

revenues—

revenue

minerals

for

the

on

oper.

Other

income

Gross

Net

$4,056,809

In

this

uranium

2,571

2,528

$347,769

'

$295,318

deductions

99.939

income

•

28,641

$4,797,883
1,904,171

.

93,118

1.160.555

$247,830

$202,200

$2,924,895

$2,893,662

414,834

355.572

1,659,33.7

reservation

Balance

*$167,004

-

share

com.

*$153,372

$1,265,558

$1,471,373

$2.47

♦Loss.—V. 168,

L.

Mabry,

Wliliam

$2.44

Nil

$0.17

Virginia

mittee

of

When

•

Preyer

...

assumed

his executive

the

assistant

;

..

»

Presidency 10

and

fine

cither

•

>

•

years

*

ago,

in

~

Laboratories, Inc., veterinary pharma¬
supplies; J, T. Baker Chemical Co., 1 reagent,
agricultural
chemicals; and Vick International
Division, which

lines

to

70

some

products

of

Vick

and

its

countries.-

■

,

subsidiary
,
.

CONSOLIDATED

EARNINGS

Fiscal Years Ended June 30—
less returns, allowances

discounts

Cost

STATEMENT

1948

Bales,

1947

of

goods sold, selling, adver¬
tising and administrative exps

a

N.

Other

from

operations—

income

Profit

before

special

taxes

and

excess

30,513,806

prof,

taxes

$3,833,158

{Special adjustments:
of

Br30,567

2,428,025

inc.

$6,641,405

The

excess

Restoration
for

war

of. amt.

prev.

2,907,047

3,347,410

$4,050,415

$3,293,995

for

Co.,
/

for

Inc.,

inventory losses

contingencies

and

Oct.

_

denomination of

in

Cash

dividends

__

__

_

_

____

Earnings per share__________

__

Dr91 «37

>

'

1

50,000

$3,783,158

$4,350,415

$3,802,358

U.
*

S.

Treas.

Accts.

1,703,940

2,129.925

1,850,796

$2.66

$3.06

Tax

at

refunds

receivable

Cash

surr.

1947

1946

$3,573,764

3,112,774

1,315,500
2,706.998

12,102,886

9.108.342

3,534.533

life

insurance...

profits

taxes

_

as

and

375,000

$28,067

350.000

5,418.810

6,079.201

382,315

381,264

336,036

1

1

for¬

by

...

1

LIABILITIES—
of

a

and

pay.

accrd.

liabilities..^^

for Fed., State and
foreign
income and excess
profits taxes__
Prov.
for
past
service
pensions,
-personnel

incentive

selection,

and

other

Capital

stock

by

...

Cost of

ZZZ_

par>

„ZZZZZZZ

14,600 shares of
capital stk.
reacqd. and held in

treasury (Dr)

Total

6?8.120

4,242,728

496.753

700,000
3.586.375

3.586.375

3.586,375

3.171.730

3.171.730

13.886.812

3,171.730

11,807.594

9.495,828

650.000

303.616

650.000

303,616

$26,919,352 $24,907,752
$23,710,283

in 1948- S!31,315

in 1947 and $127,989 in
ex<^ss profits credit.
$After re- f Af't^r rjSPrinclpa^I amount of $440,864 in 1948 and
$450,000
1948
mC7eSi££ dePre(,'a<if>,i and amortization of $4,280,350
1948, $3,885,123 in
1947 and
$3,515,732 in 1946.—V. 168,

*erve

of

S^947

SIR

i

ip

°/ unused

Arrs




refunding

oZn

&

1,450,000

Sons,

E.

Co.__;._

400,000

F.

Hutton
E.

&

Z

Z

&

&

250 00ft

7^

Co

2.-

Strader, Taylor

25n'nrw!
250(58

Co

Co.

Pollock

Co

1625.

p.

0
4onrmn

&

Inc.

-

$40000*

'

&

;

Wm.

-

1,450,000

Blair &

Marache

Co.

Eraanuel, Deetjen

2

168,

Granbery,

20o'nnn
'

V

p.

1406.

and

Subs.)—Earnings—

u

and
shares outstanding

•

1948

revenue__-_^_^

1947

$80,495,241 $47 762
450
8.530JW44 926 38a

—

taxes______

1,699,450

v

600 000

$5.02

,

...

S8 21

...

i

—

bid of 99.885.

a

the exercise of subscription
warrants under an
offering
by company of 102,000 additional
common shares to hold¬
ers of its common stock.
An

,

Other bids were:

form, registerable

to

as

of

these

bonds

de¬

tails of

offering,

1406.

names of

underwriters, etc.,

■

ft.

V. 168,

see

ftftri ft"

:

Waterloo, Ce^ar FaHs & Northern £R.—To
Split Stk.

The

principal,
,

for

has

company

authority

shares

of

to

no

applied

change
value

par

issued
at

in

exchange

present

of which

an

for

are

the Interstate Commerce
Commission
authorized commoji stock from
60.000

stated

a

of

no

of

$10

each

authorized

there

to

its

with

classify its common stock
$30 per share, into shares

,

no

of

,$30

or

per.

value,with

par

value,

held.

60,000

54,510

of

shares.—V.

to

re¬

value

shares

new

.The

shares

share

stated

a

three

share

par

issue

outstanding

value

par

common

be

has

company

154,

of

to

stock,

550.

p.

Commission.
made

for

the

West Penn Electric

registration of the series
and

1934

for their

Power

listing

in

company
company

connection

to

proposes

with
the

use

its

current

balance

the

such

expenditures is the cost,

equipment which
down

a

is

expected

acquired

in

1949

Nov.

The

subject

has

company

series

C

bonds

no

present

by sale, pledge

to

any
necessary
authorizatiion
the right to do so at
any time.

by

1907.

The

company

in

operated,

the

and

jointly 66.46

uses

sidings
total

and

company
yard

mileage of

The

owns

miles

tracks

all

596.26

West

miles

under

operated

rights.

new
a

being

1,110.05

416.76

assets

of

of

coal

interest

Raleigh and Fayette Counties; and
in

County.
11

are

truck

mines)

Creek

Co.

the

approximately 2.945

miner-

which

its

on

arc

owned

operated

and

under

leases

Eastern

Gas

Eccles and

and

Fuel

63,230

Beards

an

to

or

by

which

which

the

are

is

These
which

Scotia

by

Coal

the

are

acres

are

within

for

and

Coal

and

the

Co.

All

Royal mines

37.514

acres

are

Deepwater
of

these

served

(approximately

Mine

mines

acres

which

except

of

The

Loup Creek

was

in

been

bank

loans

amount

of

of

the

$750,000

Loup
on

indebted
the

on

Sept.

amount

subordinated

Creek

Sept.

20,

Co..

of

by

which

1948.

*

from

David
Oct.

L.

10,

cents

per

75

The

build

to

reserves

Lake,

18.

in
mill

plant

the

on

a

told

President,

present

Construction

of

a

The estimated

offering

Messrs.
in

pension
to

cost

plan,

new

4,500
funding
will
to which

covering

the company of

for

direct
at

organized

in

the

automobile

Jensen,

insurance

without

The
the

company

plan

Henry,
of

underwriting

$20 per share.
in California

insurance

and

Myles.

of

persons

March

so

there

doing

is

a

need

resulted

for

from

a

a

personal

The

The

descent.

tho
pro¬

intends

company

pro¬

behalf for they

own

such

for

1948

business.

Japanese

company

shares

18,000

19,

The

interested in this organization in
their

that

Nisei

to

insure

with

such

concentrated

principal office
11, Calif.

Common

of

a

Nisei

the

as

the

and

this;

survey

company.

agents
is

company

will

used.

be

located

Broadway,

3946

at

;

is

of

this

stock

par)

The

which

matured
not

have

of

4Ja%

May

1,

the

extension would

proposes

enable

&

Younker

18

The

x

company

asked

first

use

to

commence

the

proceeds

the

from

operations

as

an

the

same

Brothers,
Oct.

A. G. Becker
& Co.,
bank loans and for

18

filed

5%

on

date.

that

The

interest rate.

Inc.,

shares

Inc.

authority to extend the maturity of
bonds * for
25
years.
The issue
the ICC that it did

company advised
funds
for
retirement

necessary
be at the

povering 34.000 shares of
($50 par) and 70.000

ICC

mortgage

1948, but

on

to

it

Scranton Ry.—To Extend Bonds—

With SEC—

30,

18.000 shs.

r

company Oct.

$500,000

;

Outstanding

100,000 shs.

._

company
issue to

Wilkes-Barre

the

1948, to the Railway
$3,846,866, for advances.
the Railway company to
were
outstanding, in the

($10

PURPOSE—The
sale

SECURITIES
Authorized

stock

automobile insurer.

.

Co.

of

per

record

'

said.

approval

CAPITAL

Kopperston leasehold) have also been
leased to others
purpose cf drilling for and
producing oil and gas.
During 1947, the sums received
by the Loup Creek Co. on account
of
rents
and
royalties, with respect to its coal leases
and
amounted
to
subleases,
$414,813, and with respect to its oil and
gas
leases
amounted to
$24,213.
company on open account
These advances have

total

a

cents
of

March

consist

by the company.
29.078

Luke

($10 par)

operated

the

the

are

many

The

the

Co.,

50

on

year.

voted

Oakland

operated

Coke

of

holders

made

disclosing a desire
Consequently it is the
present intention of
the organizers to offer the stock
initially to Nisei
citizens and if
they purchase a
majority of the stock they will be
represented on the board of
directors. The company intends to desig¬
nate Nisei insurance
brokers or agents not
exclusively, but in areas
where Nisei
of

the

Deepwater

Oakwood, Brooklyn

Approximately

&

by

by

are

believe

Fayette

mines

Associates,

operated

operated

stock

specialize

idea

(not including
subleases from Loup

Mines

Mr.

next

is

company

moters

the Ingram Branch and
Robson
Mary Frances Coal Co.. the
Page
Page Mining Co., the Oakwood
which is operated
Mine
by the New River
Co., the Royal Mine which is
operated
by the Charleston Coal
Co.. the Redyard Mine which
is
operated by the
Redyard Coal Co., the
Brooklyn Mine which is
Mines

start

Y.,
on

service

moters

undivided
in

year

$12,000,000
N.

stockholders

company was
purpose of engaging

property

acres.

Fork

owns

coal lands

of

outdated,

to

are

leased

embracing approximately

Kopperston,

of

acres

is

appropriated

Mechanicville,

The

Coun¬

of

acres

to

13

were

out

The

the capital

63,080

at

stockholders

of common

the

miles.

Wyoming, Logan, Boone, Fayette,
Raleigh and Mercer
Va.; has leasehold interests in
approximately 12,300
lands in

dividend

Dec.

each

Western Pioneer
Automobile Insurance Co., Oakland,
Calif.—Stock Offered—

spurs,

in

approximately

cents

25

benefits under the plan is
$5,155,000.
$400,000 for the first
year's operation of
employees will contribute.—V.
168, p. 989.

branches

W.

town

past

stock of Loup Creek Co., which
developed and undeveloped coal

one-half

by

all

owns

mill

meeting

hourly-paid employees.

amount.

company

owns

has

company

pulp

The

Railway Company has two
wholly owned subsidiaries. Loup
Co., and Marsh Fork
Railway, a nonoperating subsidiary whose
are
not material in

Creek

of

Sept. 13, this year.
Last
disbursed.—V. 168, p. 1189.

special

that

mileage

miles,

Corp.—Larger Dividend—

quarterly

payaole

Distributions

is expected

other¬

Industrial

additional

an

the
and

a

stock,

Plans New Mill—

governmental

Of

line

mam

trackage

aggregate

tracks

Virginia.
of

declared

and

was

The

operates 662.72 miles of road (30.57
333.49
miles
are
located in

now

miles
being double-tracked)
of
which
Virginia and 329.23 are located

have

common

Virginia Pulp & Paper
Co.—Special Offering—
on Oct. 18 made a
special offer¬
ing of 3,500 shares of common stock
(no par) at $44 per
share, with a commission of $1 a share.

on

was
originally incorporated in Virginia Feb.
Railway, name being changed to present form

Tidewater

as

8.

Co.—Weekly Output—

electric

West

intention
or

the

Kidder, Peabody & Co.

bonds, and has requested
authority from the
pledge of the same in whole or in part as collateral
notes.

the

30.
12

share

C

for short-term

directors
on

June

and the balance payable

years.

of

Oot.

West Virginia Coal & Coke
share

$6,600,-

be

to

payment of 20%

at

ended

The

proceeds,

estimated

output

properties of this company for the
16, 1948 totaled 112,500,000
kwh., an increase of
11.4% over the
output of 100,981,000 kwh. for the
corresponding week
Of 1947.—V.
158, p. 1628.
week

improvement

of

;

underwriting group headed
by The First Boston Corp. and
Johnston, Lemon & Co.,
of 13,654 shares which were offered Qct, 14 at $23% per share apd. have been
sold. The
rights to stockholders expired Oct. 13. » For
further

p.

subject to authorization by the

are

Washington Gas Eight Co.—Stock Sold—An
aggregate
88,346 shares of common stock were
purchased
through

J purchased the. balance

mortgage

at

but

operated

_____

194fiftYn»!f%r«eS °f I143,:168,
til
in

3.349,929

303,616

tK

of

also

Francis I. du Pont &
Co

1,450.000
1,450,000

Earnings per common share
168, p. 1050..
;
,y:

'

'

in part for the payment at the
date (not more than 20
days) after the delivery
the series C bonds of $4,000,000 short-term
bank loans

the

The

1904,

Mine

inventory losses

($2.50

1,970,485

and

contingencies

Capital surplus
Earned surplus

$1,957,620

2,957.536

1,155.386

training

compensation

Reserve for possible

$400,000
SI.765,129

on

in coupon

disposing of the $6,448,000

of

subsldiary_._™.

.Reserve

the

—V.

company

There

loans

V

also proposes, subject to authorization
by the ICC, to
obtain authentication and
delivery under the terms of its first lien and
refunding mortgage dated as of March
1, 1936, to City Bank Farmers
Trust Co. and Stewart C.
Pratt, trustees, of $6,448,000 additional prin¬

ties,

$26,919,352 $24,907,752 $23,710,283

Accts.

of

nJS2'

1

stock

Associates

a

,

comnZ,

The
(Mass

capital

'

«

vi'S

30

urinHnoi

v—-.-

Rollins

Common

of

practicable

eight

The

lands

Total

Bank

stock

and'

names of the
underwriters and the
purchased by each are as follows:

be

-Net-profit after charges

.

approximately $5,489,075, exclusive of accrued interest, to
replenish its treasury in, order to
provide funds which, together with
other treasury
funds, will be used for capital expenditures
presently
contemplated.
Such expenditures between
Aug. 1, 1948, and Dec. 31,
1951, are now estimated at
approximately $20,000,000 (exclusive ot
maturities under
existing equipment obligations), of which approxi¬
mately $9,500,000 relates to fixed
property and $10,500,000 to equip¬
ment.
Included

The

in¬

,.ZZZ~_

goodwill

73,154

3.630

6.429,986

to

81.443

340.864

valued

dependent appraisal
{Fixed assets -1-,
Deferred charges
Trade-marks

370,000

53,733

advances

stock

company

iQ10

*

1937

;uwns

Years Ended June 30—

lay

'

3,630

Investment in and
eign affiliates
{Second mortgage

H.

Gross sales

$18,090,000,

PURPOSE—The proceeds will be used
earliest

114,220

tClatm for refund of Fed.
taxes
Postwar refund of
Canadian excess

at

PROPERTY—Company

500.084

12.739.735

value of

14

and

under the Securities
Exchange Act of
the New York Stock
Exchange.

20,

526.888

_

Inventories

lien

C bonds

March

$2,586,860

cost„__

19

Associates

Fuel

3o
stock

company.

,

estimated

$1,000.

and sale

authority will have

30

$2,907,667

obligations,

been

$1,000,

$2.74

1948

receiv.—trade and other____

the

Sept

This

Jan.

year^

eight

\

wise,

"■

Cash

of

cipal amount of series
Commission for the

CONSOLIDATED BALANCE
SHEET, JUNE
ASSETS—

for

and in registered form without
coupons in
$5,000, $10,000 and any multiple of $10,000,
the coupon bonds and
registered bonds without coupons of the several
denominations being interchangeable.
Redeemable prior to maturity as
a whole or in
part, at the option of the company, or for
sinking fund
purposes, the initial prices being 103.50% and
100.875%, respectively.

.denominations

of

income

FPC

1, 1948; due Oct..1, 1973. Principal and interest (April 1
payable at office or agency of the company in New York

1)

City. Bonds will be issuable
;

security
Net

at

y

o£

cars

of

,

3%s.

for

conditional sale with

other

.

99.42

Dated Oct.
and

600,000

of

emergency facil. applic. to prior
fiscal yrs., less
applic. reduct.
($240,000) of Federal taxes
Prov.

first

awarded Oct,

was

000, of certain

con¬

($331,637)

to

Curtis

—V.

Brothers, 99.26999 for 3!/4s; Halsey. Stuart & Co. Inc., 99.2699
3Vis; Kidder, Peabody & Co., 99.09 for 3>/is; Harriman
Ripley &

over

amortiz.

issue

in

300,000

provid.

losses and postwar

common

Company____$l,550,000

William

Lehman

estimated

tingencies
Additional

$9,500,000

program.

unrequired portion

provided
in
prior
Fed., State and forgn.
profits taxes.--

and

the

bonds

Inc.

bonds series C, 314%, at 100.50 and accrued interest.

incurred

$6,957,462

amounts

years for

owned

on

,n

n

rights bringing the total to $18,475,000..

and payment for

(estd.)___

to

;

$6,671,972

222.240

$6,261,183

Profit before special adjust.__

Restoration of

$6,735,222

taxes

Co.—Applies

have

costs

LISTING—Application will be
35,068,250

and

adjustments

Federal, State and foreign inc.

land and

Issuance

156,188

income

Fewer

&

Construction

Interstate Commerce

$6,104,995

(net)__

C.

$41,674,040 $41,803,472 $37,185,778
35,569,045

of

of

E.

,

Virginian Ry.—Bonds Offered—As mentioned in our
issue of Oct. 18 Shields & Co. and associates on Qct. 15

on

Profit

Electric

offered

1946

and

_

period

common

Fuel

Warren Petroleum Corp. (&

:

of

distributes

and

&

&

.

•

industrial

or

shares

Equitable Setur. Corp.__
Harris, Hall & Co. (Inc.)
Paine, Webber, Jackson

are

,/

Mr. Mabry

Jensen-Salsbery

manufactures

Gas

caboose

a

of

aDnrovim

acouisii

company.

acquired

months

of

of

UNDERWRITERS—The

copper-

The project is proposed to be operated as an integral
part of the
company's1 power system, the power being distributed to customers
along with power generated at the company's other generating plants.
—V. 168, p. 1628.

fPrlnce Miatchabelii, Inc., perfumes; and Alfl-ed
D. McKelvy Co., makers
"Seaforth". toiletries, for men.
Since their acquisition he has
spent
of his time in coordinating and
directing their operation.
He
*pent considerable time in Cincinnati
personally reorganizing Merrell's
operating policies under the new
ownership.
.< Besides
those companies mentioned
above, the Vick enterprise now
Includes the following
subsidiaries; The SoTskln Co., manufacturers

ceuticals and

the

of

of

cream;

mined,

with

jKUCh

Jhand

been

to

the acquisition of new subsidiaries.
These ihdhded' Wm. 3. Merrill
C&., pharmaceutical house of Cincinnati;'

,

Eastern

Shields

small,

as

Vanadium

was

the

outstanding
voting stock of

outstanding
that

(Del.)

of

the

amount

is seeking a license from the FPC to construct and
hydro-electric project on the Roanoke River near Roanoke

operate

Vice-President, has been elected President
Preyer, who recently announced his intention

the board..

Mr.

(became

described

are

and

which

of

war.

■

previously

informed

total

directly 7,259

company

Rapids,

■ctiring at this time.. Mr. Preyer becomes Chairman of
the finance
committee, which serves the management in an
advisory capacity on
Budgets, capital expenditures and matters affecting fiscal
policies.
He
continues also as a
director, and as a member of the executive com¬
.

not

57.81%

Corp.

stock

and

License for Hydro-Electric Project on Roanoke River in
.North Carolina—
^
/. -/ v
. -

President, Etc.—

a

Y.

has

the

Virginian

common

block

over

Sept. 30. 1948, 95.01% of the
outstanding
Virginian Corp.; and Eastern Gas

small

six

.

-

:

Vick Chemical Co.—New
Edward

the

to

is

district in San Juan county, Utah, the corpora¬
which will be in operation by

which

Commission

The

•succeed

during

.

bodies

ore

relatively

of

larger

on

to

pilot treatment plant

a

area

paid

during the first

31

•

490.

p.

up

be

27i'-°°
unpledged' ' 5°°

company's treasury

probably mature monthly

shares
of

o^'or?'00®

ZZZZZZZZ

that

,233

,

ZZ~Z

par>__

25

will

of

subleasing of
basis. If this

will

A

are

($25

obligations in the amount
representing 80% of the estimated cost
hopper cars, 300 box cars and

equivalent

1,422,289

Dividends

Earns, per

Negotiations

extracted

Navajos.

now

the

30,464

$4,085,450

properties

flat, and lenticular.
negotiating an agreement for
purchase by AEC of a high-grade refined uranium product from
; the now mill. Ultimately Varikdium may build a larger treatment
plant
in the White Canyon district. It is expectedrthat the opening of this
plant capable of treating custom ores, will stimulate prospecting and
mining in this new district. The White Canyon area is not well known,
but scattered ore showings extend over many miles down into Arizona.
:—V. 168, p. 1628.
'

$4,767,369

1

(net)_iiv

income

Income

$292,790

set

the

summer.

The

Net

•

INCOME

In

tion

Period End. Aug. 31—

Total

from

come

Indian Reservation.

'

COMPARATIVE

may

progress between the Commission
and VCA for the
these properties to the
company on a royalty or similar

plan

October.

in

to supply

ore

'in

authorized capital

shares.

changed

the

stock

-'5'0°0

._

May l, 1946
J ~
Oct. 31, 1947_ZZZZ

par)

OWNERSHIP—The
723,162
portion

of

Part

Co.—Capitalization Increased—

1973

dated

55-ton

obligations

purchasing

ore

($25

1,

dated

company contemplates
incur equipment

will

1,000

by; the

Oct.

preferred

stock

$5,250,000,

probably will

due

addition $6,448,000 held ir

The

a

program.

Utah Power & Light

cumulative

♦In

corporation

The

of America. Operations

will

ore

1995

agreement

company

be

be

Corp.

that

Vanadium
deliver

I,

Series C,
Conditional

3*/*%,

vanadium-uranium

1949-

to

stock

168, p. 539.

lease

a

will

to

formerly 'owned

the

Is

It

planned
(par $10).—

mill

leased

start

it

First lien and reiunding
mortgage bonds—
Series B, 3 %, due May

for

Common

estimated

cost

announced

plants to be brought into

Commission-owned

tentative

processing
a

15

corporation

Utah.

of

of

company

cumulative preferred

the

is

Durango, Colo., for which
new
plant to be erected by

a

Oct.

on

above

the

treatment

1949.

plants

be

New York, and George R. Cooley & Co., Inc.,
Albany, N. Y.
be offered at market and the
proceeds used to repay

loans,

in

with

two

at

district

will

the sale of 41.000 shares of 5'A
V.

Oct.

each).

VCA

Commission,

conducted

uranium from

these

Under

.sold

being

are

the purchase of

CAPITALIZATION OUTSTANDING GIVING
EFFECT TO PRrop "
FINANCING
™LSENT
•

The United States Atomic Energy

rate.

Vaughn,

and

Vanadium Corp. of America—Uranium
Output Plans—

a

Des

Moines,

la.—Registers

registration statement

sinking fund cumulative
(no

par)

Proceeds

general corporate

will

common

be

used

purposes.

to

with the

SEC

preferred stocK

stock.

Underwriter,

retire

unsecured

.

COMMERCIAL

THE

Number' 4745

168

olume

STATE AND

&

FINANCIAL

CITY

CHRONICLE

(1737)

53

DEPARTMENT

BOND PROPOSALS AND NEGOTIATIONS
7

ARIZONA

WillcoXj Ariz.

Offering

Bond

Wallace

—

T.

Clerk, will receive
until
7:30
p;m
9 for the purchase
to exceed 4% in¬

Lindquist, City
sealed
bids
(MST) on Nov.
of $133,000 not

terest coupon gas revenue bonds.

Bated Nov. 1, 1948. Interest M-N.
Dated Nov. 1, 1948.
Denomina¬

Due Nov. 1, as fol¬
$5,000 in 1950 to 1953, $6,000
in 1954 to 1957, $7,000 in 1958 to
1961, $8,000 in 1962 to 1964, $9,000
in 1S65 to 1967, and $10,000 in
1968.
Bonds maturing on and af¬
$1,000.

tion

lows:

1, 1961 are subject to call

ter Nov.

tor

redemption,

whole

as a

in

or

part, at the option of the City, on
any interest payment date, on or
after Nov. 1, 1960, in inverse nu¬
merical order, at the principal
thereof and accrued in¬
terest thereon to the date of re¬

amount

demption, plus a premium of M of

principal amount for
each year or fraction thereof un¬
expired, from the date of call for
redemption to the fixed maturity
of the

1%

date of said bonds so called. How¬

premium

such

ever,

event'exceed 4%,
2Vz%

than

less

amounf

in

no

shall it be
the principal

nor

of

of such bonds so called.
shall be divided

bonds

That said

parcels, parcel

into two

of

sisting

shall

bonds

one

con¬

numbered

1

to

110, and parcel two consisting of
bonds

numbered
will

bids

that

to

111
be

133, and

received

for

either

parcels one and two sepa¬
rately or for parcels one and two

combined whichever in the judg¬
ment of the

Mayor and Common

Council is to
the

;

the

best interest

of

City.

The
bonds
will
be
awarded to the highest and best

j bidder, considering
| rate

specified

rates

or

interest

the

and

the

j premiums offered, if

any.
No bids
for the purchase of said bonds at

price less than

a

with all

at the date

be

value thereof

par

interest

accrued

thereon

ful bidder at the

fice,

the

City

at

Treasurer's

of ^

the

Valley National
Bank, Willcox. Registered as to
principal only.
The bonds are
payable only from the revenues to
or

be derived from the

City Gas De¬

partment consisting of the com¬
plete gas works and utility system

Singer, Deane & Scribner,
Pittsburgh, Smith, Barney &

Co., of New York, Stern Bros.

&

of America National Trust & Sav¬

withdrew
after the

from
the
competition,
price bid had reached a

of the proceedings and the

certified

or

bonds.

Enclose

a

cashier's check for 5%

of the
amount of the
to the

bid, payable

Coronado, Calif.
Bond

Sale

The $175,000
improvement
bonds

nicipal
fered

Oct.

—

19

v.

—

168,

mu¬

of¬

TTV-168,

Bank
trust &

of

of

America

Savings

Francisco,

101.895,

Bated

in¬

Oct. 19

p. 1629—were awarded to

the

ban

on

a

Nov.

^ov. 1 from
sive

as

National

Association, of
2y4S, at a price

basis of about 2.021%.

1,

1948

and

due

on

1949 to 1968 inclu¬

Second high bid of 101.812

°r 2

1950

000

to

1954

l%s, due
1958

was

made

by Paine, Web-

—

Nov. 1 for the purchase of $21,-

000

not

to

exceed

interest

5%

school bonds. Interest J-D.

Dated

Hallowell,

County Cierk, will receive sealed

bidder

shall

in

state

his

bid

the

amount

CONNECTICUT

Torrington, Conn.

the
Note

a

the

principal amount of the
bonds bid for, payable to the
City.
Sequoia

Local

Hospital

,

The $300,000 First

—

District tax anticipation notes of¬
fered
Oct. 20—v. 168, p. 1629—

cashier's check for 3%

or

Sale

awarded to

were

Williams,

District,

0.978%

Day, Stoddard &
New
Haven,
at

of

Dated

interest.

Oct.

26,

1948 and due

May 20, 1949. Lincoln
R. Young & Co., of Hartford, next
highest bidder, named a rate o£
1.06%.
•
FLORIDA
Pinellas County

(P. O.

Clearwater), Fla.
Certificate

Offering

—

Ray B.

Green, Clerk of the Board
County Commissioners, will
ceive

sealed

(EST)

bids

Nov.

on

until

16

of
re¬

2

p.m.

the

for

chase of $53,000 3^%

pur¬

water

rev¬

second issue of 1948, certifi¬

enue,

cates.

Interest

A-O.

Dated Oct. 1, 1948.
as
follows: $2,000 in

Due Oct. 1,

1950, $1,000
in 1951, $2,000 in 1952,
$1,000 in
1953, $2,000 in 1954 and 1955, $1,in 1956. $2,000 in 1957 and
1958, $1,000 in 1959, $2,000 in 1960

000

to

1863,

1965

$1,000 in

to

1973,,

1970,

1964, $2,000 in

$3,000

$2,000 in

in

1974,

1971

to

$3,000

in

1975, and $2,000 in 1976.

Principal
payable at the Manu¬

and interest

facturers

City,

or

Trust Co.,
New York
at the option of the holder

1964, $1,361,000 in 1965, $1,385,1966, and $1,234,000 in 1967.
All bonds maturing on and after
Oct. 1, 1959, shall be
subject "to
redemption in inverse numerical

at the Union Trust

000 in

burg.

order at the

upon

Co., St. Peters¬

All certificates will be

op¬

tional for redemption

turity
date

on
on

prior to ma¬
interest payment

any

after

or

April

1, 1963;
prior to
on Oct. 1,
1958, or on any interest 'April 1, 1967; 102 thereafter on or
payment date thereafter at par prior to April 1, 1971; 101 thereoption of the District

terms of 103

on

or

1

and

accrued

interest

and

trict

•

interest.
Principal after on or prior to April 1, 1975;
Said certifipayable at the Dis¬ 'and 100 thereafter.

Treasurer's office, or at the
National Bank, New York

Chase

will

cates

of interest payable
during the life of the bonds. These
bonds were authorized at an elec¬

tion.

rank

on

parity with

a

City,' or at the Denver National
Bank, Denver, at the holder's op¬ hereafter

gross

held

on

tified

of the abstract of the

copy

proceedings with reference to this
to

cost

the

purchaser

of

any

these

Dated

Nov.

1,

maturing in 1951 and
thereafter are subject to redemp¬
tion as of that date.
Second high
bid of 100.05 for $40,000 1V2S and
$135,000 l%s, or a net interest cost
of 1.71%, was made by the Bank

Bond

Sale

water

works,

bonds

offered

p.

—

The $2,800,000

series
on

Oct,

2

of

19—v.

1526—were awarded to

dicate

composed

&

Co.,

F.

S.

York,

Salomon

a

1948
168,
syn¬

of Phelps, Fenn
& Hutzler,

Bros.

Moseley & Co., all of New
Equitable. Securities Corp.,

Detmer

dredge

&

&

San

Nov. 1 from 1955

Co., of Chicago, El¬
Co., Gordon Graves &

Buenaventura,

Bond

Offering

Calif.

Grace Wood¬

All of the

stitute

the

bonds shall

con¬

| additional Water Revenue Certifi| cates now outstanding and as
may be issued under the
terms and conditions of the Reso¬

general
obligation lution authorizing the
issuance
District, and shall be thereof and as such will be pay¬

bonds of the

payable from general ad valorem

able

taxes without limitation of rate

ue's to be derived from the
opera¬
tion of the water supply and dis¬

amount.

ized

at

The bonds
the

were

or

author¬

special school district

solely and only from

held

on

Oct.

11.

Bidders

tribution
Each

system

bidder

will

are

subject to the right of the District

suance

ruff, City Controller, will receive

authorities

of

the

reven¬

County.

bids.

be

required ti>
and mak% pay¬

come

sealed

—

bids until 7.30 p.m.

to

reject

any

all

and

It is permissible to bid dif¬

(Calif.
DST) on Nov, 8 for the purchase
of $1,500,000 not to exceed 4% in¬

ferent interest rates for the bonds.

terest water works bonds

at

Interest

J-D.

Dated

1948.

of

Dec.

1, 1948.
Denomination $1,000.
Due $60,000
Dec. 1, 1951 to 1975. The bonds are
general obligations of the City is¬
sued pursuant to the Charter of
said City and the laws and consti¬
tution
act

the State

of

sometimes

and

referred

under
to

as

an

the

Municipal Bond Act of 1901. Prin¬
interest payable at the

cipal and

Treasurer's

City
bonds

shall
par

were

held

tion

and

Sept.

that

state

office.

These

authorized at the elec¬

on

28.

the

Each bid

bidder

interest

accrued

date

of

any,

and the interest rate

or

at which the bidder offers

must be in
more

more

than

than

bid for

the

a

rates

to pur¬
or

rates

multiples of lk of 1%.

be bid.

may

to

delivery, the premium, if

chase the bonds. Said rate

Not

offers

two

interest rates

No bond shall bear

one

interest rate.

No

part of the bonds will be
The

bonds

shall

considered.

u

sold for cash only and for not less
than par and accrued interest to




in

in

Calif.
Bond Offering—L. E.

u

'

made

-

inclusive; and $60,on

inclusive.

Co., both of New York, DempseyTegeler & Co., of St. Louis, G. C.
Haas & Co., of New York, Pacific
California (State of)
Co. of California, of Los Angeles,
Bond Sale
The $25,000,000 and Garrett-Bromfieid & Co., of
f/2 /o veterans' welfare bonds of- Denver at a
price of 101.064, a net
red at
public auction on Oct. 19 interest cost of about
2.16%, as
"--v
168, p. 1407—were sold to a follows:
$1,520,000 2s, due on Nov.
i idicate
headed by the Bankers 1 from 1951 to 1960
inclusive, and
Cn
?,°" and Halsey, Stuart & $1,280,000 2V4s, due on Nov. 1
nf i nee
^ew York, at a price from 1961 to 1968 inclusive. The
bonds are dated Nov. 1, 1948. The
Th
' a basis of about 1-827%.
ana
?ds are dated SePt1948 Bank of America National Trust &
iQaa^
re.on ^eb- * from 1950 to Savings Bank, of San Francisco,
thn
l.n<dysive. Other members of headed a syndicate which was sec¬
•d
^lnaing group are as follows: ond high bidder, the offer being
Vnr.Ln'T?, .Vens0n & Co., Of New based on a net interest cost of
Blair &
Co., Inc., Braun, 2.226%.
'
4s

^or, Jackson & Curtis.

DST)

be

required to submit bids speci¬ accept delivery
fying the lowest rate of interest, ment for the certificates in Newand premium, if any, above par at
York, N. Y., or at such other place
which such bidder will purchase as shall be
mutually agreeable be¬
the bonds.
The bonds will be sold tween the bidder
and the County.
to the bidder making the best bid
In the event that prior to the is¬

Long Beach, Calif.

$250,000

of

(Calif.

a.m.

Savings Association, of bonds, but no legal opinion will
Diego, at a price of 100.017, a be furnished.
Enclose a certified
net interest cost of about 1.67%, as or cashier's check for
3% of bid,
follows: $20,000
3s, due Nov. I, payable to the Chairman Board of
1949; $95,000 1V2S, due on Nov. 1, Supervisors.

Alhambra, Calif.
The

certified

10

shall

City Treasurer's office. Enclose

bids

until

the

of

expense

San

"

—

Pequenat,

bonds

County Clerk, will receive sealed
on

the

election

ings Association, of San Francisco.

cinerator bonds offered

the

1526— issue will be furnished free of

p.

awarded to the First Nation¬

were

CALIFORNIA

.Bond Sale

Calif.
Bond Offering—G. A.

at

al Trust &

of America National Trust & Sav¬

City Treasurer.

bonds

City. Payment for and delivery of

May 27, 1947. Prin¬
cipal and interest payable at the
County Treasurer's office. A cer¬

level of 106.53.

1948. Bonds

validity of the

the

tion

ings Association of San Francisco,

limits of the City.

legality

Riverside

Riverside),

O.

Co., of Kansas City, Stone & Web¬ bids until 10 a.m. (Calif. DST) on
Corp., of New York, Nov. 3 for the purchase of $30,000
Thomas & Co., of Pittsburgh, Wat- not to exceed 4% interest school
ling, Lerchen & Co., of Detroit, bonds. Interest M-N. Dated Sept.
Chas. E. Weigold & Co., and J. R. 15,
1947.
Denomination
$1,000.
Williston & Co., both of New York. Due Sept. 15, as follows: $20,000
in 1959f and $10,000 in 1960. Each
A syndicate headed by the Bank

to

be unconditional
except as to the

District,

(P.

ster Securities

within and without the
corporate

All bids must

School

County

York,
of

success¬

City Treasurer's

office. Principal and interest pay¬

Oasis

San Mateo County (P. O.
Dec. 1, 1948. Denomination
$1,000.
Redwood City), Calif.
Paul, First of Michigan Corp., Geo. Due $1,000 Dec. 1, 1949 to 1969.
Bonds
Financing Scheduled —
B. Gibbons & Co., Inc., Graham, The bonds will not be sold for less
The District is expected to enter
Parsons & Co., G. C. Haas & Co., than par and accrued interest to
the market in November with an
Hannahs, Ballin & Lee, Hemphill, date of delivery. Principal and in¬
offering of $1,500,000 hospital con¬
Noyes
&
Co.,
Hornblower
& terest
payable
at
the
County
struction bonds, issuance of which
Treasurer's office.
Weeks, all of New York;
Enclose a cer¬
was
authorized at an election in
Also, Illinois Co., of Chicago, tified or cashier's check for 5% of
Kean, Taylor & Co., Kidder, Pea- the bonds bid for, payable to the May, 1947.
body & Co., Lee Higginson Corp., Chairman Board of Supervisors.
COLORADO
Lehman Bros., all of New York,
Pasadena Junior College
District,
McDonald-Moore & Co., of De¬
Denver (City and County) School
Los Angeles County (P. O.
troit, Mercantile-Commerce Bank
District No. 1, Colo.
Los Angeles), Calif.
& Trust Co., of St. Louis, Merrill
Bond Offering — LeRoy Fisher,
Bond Sale—The $700,000 build¬
Lynch, Pierce, Fenner & Beane,
District
Secretary,
will
receive
ing bonds offered Oct. 19—v. 168,
W. H. Morton & Co., F. S. Mosesealed bids until 10 a.m. (Moun¬
p. 1526—were awarded to a group
tain Standard Time)
ley & Co., all of New York, W. H.
on
Oct. 27
composed of Blyth & Co.,: Inc., of
Newbold's Son & Co., of Phila¬
for the purchase of
$21,000,000 not
Los Angeles, American Trust Co.,
to exceed 3V2% interest
delphia, E. M. Newton & Co., of and
general
Heller, Bruce & Co., both of
Boston, Northern Trust Co., of San
obligation
bonds.
Interest
A-O.
Francisco, as 2s, at a price of
Dated Nov. 1, 1948. Denom.
Chicago, Paine, Webber, Jackson
$1,000.
100.658, a basis of about 1.932%.
& Curtis, Phelps, Fenn &
Due Oct. 1, as follows:
Co., D. The bonds are dated Oct.
$584,000 in
1, 1946
A. Pincus & Co., R. W. Pressprich
1949, $612,000 in 1950, $742,000 in
and mature on Oct. 1 from 1949 to
& Co., E. H. Rollins &
1951, $769,000 in 1952, $797,000 in
Sons, L. F, 1966 inclusive.
Second high bid
Rothschild & Co., Salomon Bros.
1953, $1,125,000 in 1954, $1,145,000
of 100.556 for 2s was made
by the in
&
Hutzler, • all
of
New
York, Chase
1955, $1,165,000 in 1956, $1,185,National
Bank
of
New
000 in 1957, $1,206,000 in 1958, $1,Schoellkopf, Hutton & Pomeroy, York.
of Buffalo,
227,000 in 1959, $1,248,000 in 1960,
Schwabacher & Co.,
Pleasant Valley Elem. Sch.
of San Francisco;
Dist., $1,270,000 in 1961, $1,292,000 in
Ventura County (P. O.
Also, Shields & Co., of New
1962, $1,315,00 in 1963, $1,338,000
Ventura),

delivery, will
Delivery of the

considered.

at

York, First National Bank, of New
York, First National Bank, of St.

of their

bonds will be made to the

able

Bosworth & Co., Inc., Burr & Co.,
Byrne and Phelps, Inc., Chemical
Bank & Trust Co., R. L.
Day &
Co., all of New York, Dempsey &
Co., of Chicago, Dick & MerleSmith, R. S. Dickson & Co., East¬
man, Dillon
& Co., Eldredge &
Co., Estabrook & Co., all of New

be

of

date

delivery. The opinion of
O'Melveny & Myers, of Los An¬

geles,
the

approving

bonds

successful

prior to

will

the

the

be

bidder

or

validity

furnished

of
the

None

less

bonds

than

terest
the

the

of

par

the

to

and

date

purchaser,

count

shall

nor

accrued

the

in¬

of

any

the

Federal Income Tax Law,

successful

bidder

in¬

will,

upon

request, be relieved of the obliga¬
delivery to tion to accept
delivery and pay
shall any dis¬ for the certificates on the terms
be

allowed

specified in such bid. The County
paid on the sale of the bonds.
agrees to furnish the
approving
printed form of proposal will
opinion of Chapman & Cutler of
be furnished prospective bidders
Chicago as to the legality of the
by
the
District
Treasurer
and
certificates, and the bids may be
shall
be
completely
filled
out conditioned
only to that extent.
without change or addition by the
Enclose
a
certified or
cashier's
bidder., A bid in any other form
check for 1 % of the highest prin¬
may be disregarded.
The success¬
ful bidder will be required to ac¬ cipal amount of bid, payable to
or

A

cept delivery of and to make
ment for the
ver

the

ery

some

pay¬

Den¬

the

Board

of

Commis¬

County

sioners.

bank within 30

acceptance
as

bonds at

days after the
of his bid or as soon

bonds

the

to

GEORGIA

ready for deliv¬
purchaser or at the
are

successful bidder's request and

at

Waycross,

Ga.

Bond Offering—L. V. Bean,

City-

his expense delivery will be made

Manager, will receive sealed bid3

elsevyhere

until

as requested. The legal¬
ity of the bonds will be approved

by Wood, King & Dawson of New
York
City, and Pershing, Bos¬
worth, Dick & Dawson, of Denver,
whose

opinions, together with the

printed

bonds

and

a

certified

transcript of the legal proceedings
will bejfurnished the purchaser
without
fied

or

charge. > Enclose a certi¬
cashier's check for 2% of

bidders at

or

the fgce

abficHint of the bbnds,

delivery

of

able

the

date of

sold

certificates

of

commission

or

be

the

of

therefrom to private holders
shall become taxable by the terms

to

pay¬

District Treasurer.

vided

(EST)

noon

purchase
as

of

on

Nov. 3 for the

$575,000

bonds,

di¬

follows:

$170,000 2V2% school bonds.

$17,000

on

Duo

July 1 from 1950 to

1959 inclusive.

180,000 2%% school bonds.

$18,000

on

July

1 from

Due

1960

to 1969 inclusive.

100,000 21/2 % park and recreation
bonds.

Due

$10,000

on

July

from 1950 to 1959 inclusive.

1

THE

(1733)

1961 and 1962.

125 000 2%%

The bonds

COMMERCIAL

are

call-

on

any

park and recreation
follows:
$12r0C0 from 1960 to 1964 in¬

subsequent interest payment date,

clusive, and $13,000 from 1965

Interets

able

bonds. Due July 1, as

All of the bonds

1, 1948. Interest J-J. Denomination

$1,000. Principal and interest

ligations

of

pay¬

principal
from

direct ob¬

are

and

all taxable property, including
real property located in the City.

of

Troutman

&

$25,000

without cost

bonds

will

be

delivered

Bank

bonds.

Due

$10,000
$15,000 in 1951.

&

Feb.

in

1,

follows:

1956

$15,000 from

incl.,

and

40,000 3V4%

bonds

$20,000

are

1961.

place to be designated by the pur¬
[
Bonds are dated Oct. 15, 1948.
within
10 days after actho i Interest
F-A.
Denom.
SI,000.
ceptance of bid.
These
bonds authorized at the election principal and interest payable at
the Mercantile-Commerce Bank &
held on June 15, by a vote of 1,530
128.

to

cashier

Enclose

able to the

a

rt

ce

for

Tnjgt Qo

i

jn

$11,50

p

,

y-

City.

^e

cons^tute

offered

1302—were

Oct.

19—v.

awarded

168,

p.

to

ILLINOIS

Farina, III.
Bonds Sold—An issue of $80,000

4y4% water works bonds has been

Co., of Chicago.
Aug. 1, 1948. Legality ap¬
proved by Charles & Trauernicht,
Dated

of St. Louis.

Flora, lit.
Certificates Sold

An issue of

—

$615,000 electric light plant and
system certificates of indebtedness
has been purchased by Sills, Min-

Co., of Chicago.

,

Township High Sch. Dist.
204 (P. O. Joliet), III.

Bond Offering — J. G. Skeel,
Secretary of the Board of Educa¬
tion, will receive sealed and oral

bids

until

7:30

(CST)

p.m.

on

Nov. 9 for the purchase of $250,000 not to exceed
4% interest

building

coupon

bonds.

Dated

Dec. 1, 1948. Interest A-O. Due
$50,000 Oct. 1, 1952 to 1956. Bonds
and interest to be made
payable
at any bank where desired.

Regisprincipal only. Blank
bonds,
approving
opinion
of
Chapman & Cutler, of Chicago,
and delivery of executed bonds

terable

are

to

as

be

to

chaser.
desired
mium.

furnished

A

lowest

rather
Bids

by

the

than

large

a

limited

are

pur¬

interest rate

is

pre¬

mul¬

to

tiples

of y4 of 1%. A certified
check for $2,500 is
required,

Stan¬

ton, City Clerk, will receive sealed
bids until Oct. 28 for the
purchase
of $200,000 general revenue

bonds,

issuance of

by the
Oct. 5.

which

voters

at

authorized

was

election

an

on

District, III.
Bond Sale—The
$1,000,000 series
bonds

sewer

168, p.

v.

exceed

water

coupon

bonds.

Dated

4%

and

$3,000 July 1, 1960 to 1962.
$4,000 Jan. and July 1, 1963 to
1968, $5,000 Jan. and $4,000 July
1, 1969 to 1971, $5,000 Jay and
July 1, 1972 and 1973, S6,000 Jan.
and

offered

Oct.

19—

1408—were awarded

to

a

group
Stuart &

000 Jan.

1, 1977. Bonds maturing
July 1, 1954 and thereafter are

on

redeemable

City
est

30

at the option of the
Jan. 1, 1954, or any inter¬
payment date
thereafter, on
on

days' notice, in inverse

numer¬

ical order, at face
value, together
with the
following premiums: 6%
it redeemed on Jan.
1, 1954, or

thereafter

on
or
before July
1,
1958; 4% if redeemed on Jan. 1,
1959, or thereafter on or before
July 1, 1963; 2% if redeemed on
Jan. 1, 1964, or thereafter
prior
to maturity; plus in each
case ac¬

crued

interest

to

the

date

redemption. Registered as to
principal only. Principal and in¬
terest

payable

Trust

Co.,

at

The

Fountain

Covington.

must

be for

must

state

all

of

the

Each

bonds and

single rate of inter¬
in multiples of J/4 of
1%, and

est

award

will

be

made

to

are

dated

Nov.

1, 1948

and

mature on Nov. 1 from 1950
1968 inclusive. Second
high bid

100.45

for

$500,000 l%s, $250,000 2s, and $250,000
2V4S, a net in¬

terest

cost

made

by

Weeden
Bank

Co.

of

of
a

about

1.994%,

was

the

City, to be determined by
computing the total interest on all

of

the

bonds

to

their

maturities

deducting therefrom the pre¬
bid, if any.
The approving
opinion of Ross, McCord, Ice &
Miller
with

of

Indianapolis,

together

a

transcript of the bond pro¬
ceedings, will be furnished to the

000
v.

notes

168,

group

p.

offered

on

of

of

Oct.

the

15

1408—was awarded to

composed

of

Union

July

1,

id

a

1957

July

1966.

1967

$11,000

1960, $9,000
1961 to* 1963,

to

Jan.

1969,

1,

1964 to

and

$12,000

July
Jan.

1,

and

July 1, 1970 to 1992,. $13,000 Jan.
and July 1, 1973 and
1974 and
$14,000
1978.

Jan.

All

and

July

bonds

are

at

the option of the

1,

1949,

date

or

1,

interest

any

thereafter

1975

to

payment

inverse

numerical

order, at the face value
plus the following

thereof
miums:

8%

if

on

or

before Jan.
1, 1954; 6% if re¬
deemed after Jan. 1,
1954, and on
or
before Jan. 1, 1959; 4% if re¬

deemed after Jan. 1, 1959 and on
or
before
Jan.
1, 1964; 2% if
redeemed after Jan. 1, 1964. and

prior
case

to maturity; plus in each
interest to the date fixed for

redemption,

provided

notice

of

such

redemption shall be given
30 days prior to the re¬
demption date by one publication
least

at

in

a

newspaper or financial
of
general circulation

nal

lished

in

Indianapolis,

publication in

a

jourpub¬

and

newspaper

one

fi¬

or

nancial

journal of general circuation published in
Chicago. Each

bid

must

and

state

be

for

all

of

the

bonds

single rate of interest
multiples of Vs of 1%, which

in
all

the

a

bonds

terable

as

cipal and
Rush

to

are

to

bear.

Regis-

principal only.

Prin¬

interest

payable
National

County

Rushville.
of

at

the

Bank,
The
approving opinion

Co., Fletcher Trust Co., American
National Bank, Indiana
National
Bank, Indiana Trust Co. and the

group

of

bonds,

will

purchaser

City.

be

at

furnished

the

expense

said

to

the

of

the

No conditional bids will be

considered. If any
acceptable bid
is not received at the
time herein
fixed, the sale will be continued
from day to day
thereafter with¬

further

period

of

advertisement

30

for

a

days, during which

Bond

Bonds Sold—An issue of
$50,000
3'/2%
municipal
electric

plant and system refunding
bonds has been
Swartz Co., of

nue

sold

on




Offering

Swartz, Secretary
light School
Trustees,

reve-

to J,

T.

Chicago. Dated Oct.

1948. Due $25,000

School

Oct. 1

in

City, Ind.

Walter A
of the Board of

—

will ' receive
sealed bids until 8
p.m. (CST) on
Nov. 1 for the purchase of
000

not

building,

exceed

bonds.

3%

1952.

interest

InterestJ-D.

Nov.

—v.

1,

$1,000.

The bonds

1948.

Due

Sold—No

for

the

bids

$80,000

were

not

to

interest water works
bonds offered on Oct. 14

'

of

De¬

as

Posey School
Township (P. O. Patriot), Ind.

offered

on

1956

in

1958

in

I960

$40,000

in

1962'

Sold

be

The $18,800 bonds
Oct. 18—v. 168,
p. 1526
—

delivered

bids

,

received

were

168,

ier's check

awarded

Oct.

on

168, p.

to

$60,000 District No.
1

the

15

1527

Central

ment

follows:

bonds. Due
1949

to

-

70,000" District No. 2 bonds. Du
\ on Nov. 1 from 1949 to 1968

are

Junction),

y

;

1952

and

1953, $21,000 in
$22,000 in 1955. $23,000

000

in 1962 and 1963, $29,000
1964, $30,000 in 1965, $31,'000 in 1966, S32.000 in 1967,
and $33,000 in 1968.

$70,000~eleetric

'Dated

Sept. 1,
$5,000 Nov. 1, 1950 to
1963.
Bonds maturing on Nov.
1,
1963 to be optional for
redemption
prior to maturity on Nov. 1,
1949,
or

as

in

bids until 1:30 p.m.
(CST) On Nov..8
for the purchase of
1948.

1,

ment bonds.
Due Oct. 1, as
follows: $27,000 in 1961. $28.-

Iowa

bonds.

Oct.

-

Offering — J. J. Hoskins.
Clerk, will receive sealed

revenue

improve- %

Due

000

Bond

Town

public

bonds.

1954,
1956, $24,000 in 1957, $25,in
1958
and
1959, and
$26,000 in 1960.
,
' 7
238,000 3 W% - public improve¬

dated Nov

Wilton

O.

3%%

in

„

(P.

as

.

follows: $18,000 in 1949, $19,000 in 1950 and 1951. $20,000
in

inclusive.
1, 1948.

described

are

y

ment

1968

inclusive.

All of the bonds

'

The

—

by John Dane, of New Or¬

leans. The bonds

.

Wilton

Community

Metairie), La.

$500,000 bonds for which the sole
bid received on
Sept. 27 was re¬
jected—v. 168, p. 1309—are now
being offered for public invest¬

$262,000

1

from

to

Playground Dist.

No. 4 (P. O.

about 2.377%. Sale consisted of:

Nov.

Parish

Center and

Republic Co., of Chicago, as 2l&s,
at a price of
101.115, a basis of

on

purchaser at
Enclose a cash¬

$5,000, payable

Bonds Publicly Offered

Oct. 15—v.

on

—were

for

Jefferson

Waterloo Sewer Districts, Iowa
;"~'Boud Sale—The $130,000 bonds

offered

the

investors

1527.

p.

to

Rouge, La.

the Town.

Local

—

the

Baton

February.

have purchased the
$4,800 5% spe¬
cial assessment bonds for which
—v.

yi2.u00

the

Dubuque, Iowa
Bonds

Due

on

MARYLAND

Maryland
$37,500,000

(State

of)

Bridge

Revenue

interest payment date
Bonds Marketed—An underwrit¬
bonds maturing Nov." ing group of 84
members, headed
1, 19G1 and 1962 to be optional for
by Alex. Brown & Sons of Balti¬
redemption prior to maturity oil more
made
public offering on
Nov. 1. 1952, or on
Oct. 19 of $37,500,000 State Roads
any interest
any

thereafter,

payment
date
bonds maturing

thereafter,
Nov.

1,

and

1956

series

of

sisted

of

prior to maturity on Nov.
1, 1955,
or
on
any interest payment date
thereafter.
All bids shall
the

specify

rate of

interest and

all

other

things being equal, the bid of
and accrued interest

nor

payable

in

par

better

or

any

manner

by

taxation, but are payable
only
from the net
earnings of the mu¬
nicipal
plant

electric

and

Commission bridge revenue bonds,

to

redemption

1960 to be optional for

light

and

and
1

&

man

Cutler,

check

and
for

of

were

to

all

bids

1972,

2%

of

the

be

amount

bonds bid for.

'

so

003,000 in

1%%

168,

p.

on

in

1959.

<

.

-

-

$500,-

Green, Ky.
Sale—The $95,000
168,

$1,129,000
4

Chesaoeake Bay

2%%

•

Due Oct. 1 asfol-

$1,163,000

1960,

in

$1,198,000

1961, $1,234,000 in 1962. $!,271,000 in 1963, and $1,309,000

m

in

1964.
_

4,162,000

3%

Bay

Chesapeake

Due Oct. 1. as

follows: $1,348 000 in 1965,

Bowling

18—v,

1957. $1,-

-

.

Bridge bonds.

KENTUCKY

were

of
1,
in¬

to

Bridge bonds.

Oct. 25 of

refunding

v

"

construction

B
generalfered ,Oct.

in

096,000 in 1958, and

.

bonds—v.
1630—has been called off.

Bond

Oct.

1955, $1,033,000 in

1956," $1,064 000

of

KANSAS

scheduled sale

due

offered

$1,864,000 3% Chesapeake Bay
Bridge bonds. Due Oct. 1, as
follows: $918,000 in 1952, and
$946,000, in 1953.
6,299,000 2M>% Chesapeake Bay
Bridge bonds. Due Oct. 1, as
follows: $974,000 in 1954, $1-

6,175,000

000

bonds,
were

lows:

certified

a

$19,000,000

and

term

which

vestors at a price cf
103.40, to
yield about 3% to maturity.
The
bonds are further described as fol¬

power

must

Enclose

priced to yield from
to 2.90%, according

maturity,

3.20%

the
printed

the

2V.t, 2%%

3% serial bonds, due on Oct.
1952
to
1967
inclusive,

from

1.90%

Chicago,

furnish

The offering con¬

$13 300,000

which

distribution

purchaser to

1943.

about

system of
the Town.
The Town will furnish
the
approving opinion of Chap¬

Patriot and

Bond Sale

in

$35,000
$38,000

state

authorized

were

election in

an

168, p. 1526.

Town

$33,000

-u.u

building

Emporia School District, Kan.
Bond
Sale
Postponed
The

exceed 4y2%
revenue

195*'

—

Bonds Not

submitted

in

approving opinion of Chapman &
Cutler, of Chicago. The bonds will

City.
•

$31,000

1955,

$10,000 May 1 and $20,000
1, 1951, and $5,000 Jan. 1.

$5,000, payable

Sharpsville, Ind.

1953,

in

fol¬

bonds,

to the

in

- irr^
iy6S Bids must
proposed rate and
pre¬
mium. The Town will
furnish

conditioned.

$125,-

to

Oct. 27 for the

ot vr $35,000 "

of

bid for less than the
amount
the highest bid received
at the
time of the advertised
sale wills be
.Ji'x
considered. Enclose a
certifies'or
cashier's check for

1952

$30,000

spe¬
Ross, McCord, Ice & Miller of
cifying the lowest coupon rate will
ndianapolis, together with a tran¬ ae
given preference. These bonds
script
of
the
proceedings had, are not general
obligation bonds
relating to the issuance

Co.,

Jeffersonville

Dist

'

Dated

no

a

Trust

Sch.

(CST)

^pre¬

redeemed

interest

bonds.
Dated Dec 1
1948. Interest J-D. Due
Dec. 1 as
follows: $25,000 in
1949, S27.000 in
1950, $29,000 in 1951 and

sewerage

1959,
1961,

July

on

their

m

&

in

redeemable

City

ap¬

Ice

$39,000

no

District

Mrs. J. Ram

—

1957,

Nov.

1,

to

1,

$10,000 Jan. and July

out

$200,-

composed
of Merchants National
Bank, all of
First
National Indianapolis, at iy4%
interest. Due
Portland, and Detmer & Nov. 18, 1948.
&

Salem, III.

1,

the

highest qualified bidder comply¬
ing with the terms of sale and of¬
fering the lowest net interest cost
to

and

Jan.

Offering

in

lows:

Denomination

Due $6,000 Jan. and July
1, 1951 and 1952, $7,000 Jan. and
July 1, 1953 to 1956, $8,000 Jan.

bid

a

issue

The bonds

of

fixed

for

composed
of
Halsey, purchaser at
the expense
Co., C. F. Childs & Co.,
City.
and Mullaney, Wells &
Co., all of
Chicago, as 2s, at a price
of
Indianapolis, Ind.
100.539, a basis of about 1.938%.
Note Sale—The

to

$7.-

Interest J-J.

1

Town Clerk, will
receive
sealed bids until 10
aun.
(CST) on
Nov. 23 for the purchase
of S50O
000 not to exceed
3H%

in

works
Nov.

l

saur,

$36,000

3^%

sewage

Dated

1948.

revenue

nomination
$1,000.
annually as follows: $2,000 July 1,
1949; $3,000 Jan. and $2,000 July
1, 1950 to 1952, $3,000 Jan. and
July 1, 1953 to 1959, $4,000 Jan J

coupon

bonds.

n

1, La.

purchase

$1,000.

1, 1948. De¬
Due
semi¬

July 1, 1974 to 1976

exceed

to

coupon

are

No.
Bond

$34,000

at

vtu.-

LOUISIANA

7:30 p.m.

R.

'

1948 to Jan
dated Oct

1,

Offering—Agnes Hansen.

nomination

revenue

interest

works

Sept.

not

Oct.

$32,000

on

and S4fi
.

-

McCord,

Indep*.

.

supplemental

Secretary of the Board of Educa¬
tion, will receive sealed bids until

bids until .2 p.m.
Oct. 26 for the purchase

$560,000

a

from

;

Iowa

Bond

sealed
on

be

to

incl.;

t„_

—

Bastrop Sewerage

Indianapolis.

Falls

' bonds.

;

Charles

interest

mium

Sanitary

receive

Ross,

orl

optional.

IOWA

Berry, City Clerk-Treasurer, will

Robb,
City Clerk-Treasurer, will receive
sealed bids until 2 p.m.
(CST) on
Oct. 28 for the purchase of
$218,to

'J

—

1%

follows: $1,000

as

the

on Jan. 1
from iQct
incl. The bonds
also win

1968

Denomina¬

Legality

by

Cedar

,000,spayable to

Offering

J-J.

Miller of

bank cash¬

or

1960

1949. The bonds
1948 and are

such

City.

Bond

Ind.
Offering—M.
L.

not

proved

Rushville, Ind.

<

Covington,
Bond

terest

days

at

Due

the bid¬

as

1950 to

<)rc

Dated Oct.

Interest J-J.

$1,000.

pay¬

of the School City.

cheek for SI

(CST)

and

Rockford
H

therein
amount.

of

the

Pana, III.
Offering —Harvey

Bond

or

delivery

certified

a

the School

INDIANA

and

No.

ier's

be

Legality approved by Charles &
Trauernicht, of St. Louis.

000

sold to Lansford &

to rate

as

Enclose

ob-

to

for

at the expense

payable

taxes

ac¬

furnished to the successful bidder

will

general

all property

upon

without limit

Wegener
Daly, of Boise, as 2%s, at a
price of 100.05. Second high bid
of 100.27 for 3s was made
by Blyth
& Co., Inc.

Joliet

and

valorem

&

ton &

counsel,

ready

building bonds.

1948.

tion

Louisville,

2?4S, due

carry

W.

will

July 1, 1949; $1,000 on Jan. 1 and
July 1 from 1950 to 1958 inclu¬
sive, and $1,000 Jan. 1, 1959.
In¬

designate. The approv¬
ing opinion of Ross, McCord, Ice
& Miller, of Indianapolis, will be

These bortds

of

legal

ad

levied

Idaho

Bond Sale —The $100,000 sewer

bonds

Louig

ligations of the District
from

IDAHO

Buhl,

gt

opinion

1,

being notified that the bonds

bank in Jeffersonville

Trustee,

cf

on

terest

der shall

u• j

check

s

be

be

five

Samuel

—

to

Oct. 29 for the purchase
of $20,000 not to exceed 4^2% in¬

City, payable out of

within

Offei ing

Township

(CST)

all the taxable prop¬

therefor

after

nnn

000

receive sealed bids until 7:30 p.m.

obligation

delivery of and make

cept

from

chaser

*

Bond

Johnson,

The

ad valorem taxes to
cn

will

ment

Feb. 1 in 1960 and

on

bidder

and the successful bidder shall

1952 to

Due

direct

a

Son,

at a price of 103. a net in
terest cost of about
2.49% as fni
lows: $55,000
2^s, due oii jan i

I

ready for delivery
within 21 days after the sale date,

-

bonds.

be

&

In-} bidder,

Wayne School Township (P. O.
Indianapolis), Ind.

erty within the School City. The

1950,

$20,000

1957 to 1959 incl.

qualified

to

Jan. t from 1950 to 1966 inclusive. [ from

name
a
single
multiples of %

the notice of sale.

awarded

dianapolis, as 2%s. The bonds are
dated July 1. 1948 and mature on

submitted in accord¬

is

unlimited
collected

135,000 3% bonds. Due Feb. 1, as

|

to

highest

with

bonds will

follows:

as

follows:

and

the

to

2!/2%

as

approving

Spalding,
Sibley,
Kelley, of Atlanta,
to the purchaser. The

the

of the School

City will bear the expense of
having the bonds printed and will
opinion

to

whose bid
ance

The

unqualified

Bidders

Mercantile-Commerce

on

furnish

apolis Bond & Share Corp., of

of 1%. The bonds will be awarded

(P. O. Sparta), III.

Co., of St. LouiS,

Indian-

—were

1, 1948. Denomination
Due $4 000 July 1, 1949

1964.

Bonds Publicly Offered—Public

Trust

the

Dated Nov,

and Jan. and July 1, 19o0 to 1963
approved; and $4,000 Jan. and $5,000 July 1,

Legality

Monday, October 23.
1945

$1,000.

offering of $200,000 school build¬
ing bonds is being made by the

unlimited ad valorem tax

an

Ill

CHRONIC! E

FINANCIAL

rate of interest in

No.
-

City, both as to
interest, payable

the

or

Sparta Township High Sch. Dist.

able at the First National Bank of

The bonds

A-O.

1958,

Louis.

dated July

are

Atlanta.

1,

by Charles & Trauhmicht, of St.

1969 inclusive.

to

Oct.

on

&

series

bonds
pt

awarded to J. J. B.

of¬

1630—
Hilliard

389,000 in 1966, and
in 1967.
-

$lr

$1,425,000
:

v

-

19,000,000 3.20% Chesapeake Bay
ririz-lao
honrle
' Dlie
Oct. i»
Bridge bonds.
1972.

;

;j
;
.

•

:

Number 4745

163

clume

brook &

$1,000.
At .the option of the
tate Roads Commission, .the term
onds and the serial bonds are reeemable in. whole on any date
0t earlier than Oct. 1, 1952, iniallv at a price of 3% above the
on

Inc.; Rob¬

ert

Garrett & Sons; Ginther &
Co;; Goldman,* Sachs & Co.; Ira
Haupt & Co.; Hayden, Miller &
>

Co.; J. J. B, Hillard

&

over

Meeds;

Also, Lee Iligginson Corp.;.

Mar-,
tin, Burns & Corbett, Inc.; Laur¬
ence
M.
Marks
&
Co.; MasonTTagan. Inc.; McDonald & Co.;
Mead.. Miller & Co.; Merrill Lynch,
^

Pierce, Fenner &

Beane;

Moore,
Leonard & Lynch; F. S.
Moseley
& Co.; W. H. Newbold's
Son &
Co.; Pacific Northwest Co.; Paine,

&

FINANCIAL

CHRONICLE

I V4S, at a price of 100.032, a basis
about -1.23%. The bonds are

bond

shall

be

at

Bids

shall

be

conditioned

the unqualified opinion of Berry,

1, 1948 and mature

on

Qct.-l from 1949 to 1952 incl. Sec¬
ond

high bid

Cx par for iy4S was
by Lee Higginson Corp.

made

Stoneham, Mass.

~

Note Sale—The issue of $25,000
water mains notes offered on Oct.
15 was awarded

to

F.

S. Moseley

&

Co., of New York, as 1V2S, at a
price of .100.42, a basis of about
1.356%. Due $5,000 annually from
1949

to

1953

inclusive.

high bid of
made

by

100.389

the

Seecond

for

iy>s

National

..■>

The net

'

■

■

proceeds

of

the

Inc.; Scott & Stringfellow;
Seasongood
&
Mayer;
George G. Shriver & Co. Inc.; Her¬
bert J. Sims & Co.,
Inc.; Singer,

issue

vill be used by;the State to pro-

for

funds

ide

the

>. the

ducting

cost

of

proposed

con¬

Deane

Chesawith

Bank of Boston.

Co., Inc.; White, Weld & Co.;
Whiting, Weeks & Stubbs; C. T.
Williams
&
Co.,
Inc.;
Wurts,

;

.

j

y;

,

*

Dulles & Co. and Yarnall & Co.

The proposed bridge, -which is
xpected to be completed on or
before July
lr 1951, will cross
Chesapeake Bay
from
a
point
above Annapolis at Sandy Point
o a point on the eastern shore of

aryiand

north

of

fear Stevensville,

,

traffic

from

New

will

able

be

oute

to

con¬

to

and

also travel

to

modern

Oct.

and
points by
which by-pass

highways
or

all

under

existing

Act

income

statutes.

thereon,

bonds

are

and, the

authorized investment
funds and may

Dated

posited

General of

sealed

interest

State

000

are

tion to Alex.

Brown

....

&

o

in

Barney

Co.;

Tin?

Inge°n

Co.,

?

lmhin'

the

Hahx
nail &

n

Co., Inc.;

*'»•;

JDrRllTI

!

Eldredge

.

'

& Co., Inc.; Esta-




1, 1949. Denomina¬
Principal and interest

$1,000.
at

shall

interest

for

of

receive

(EST)

Dated

the

rate

on

Nov.

interest

of

of 1%.

to

as

their

National

and

par

Prin¬

This

has

bank

the

Bank

will

valid

of

this

by

No bid for

less than

interest will be

par
con¬

Boud

Authority,

Mass.

s-

Note Sale—The issue of

bonds

be

will

obligations

of

be

the

'

$900,000

tional "Bank of Boston, in

joint

supply system

revenue

and

bonds

extension

count, submitted the next b£st bid,

naming an interest rate of 1.03%,
;

;

ius

a

(

premium of $10.

Bond

Sale—The

$291,500

nicipal relief bonds offered Oct.
19—v. 168, p.-1631—were awarded
to Coffin & Burr, of Boston, as

pur¬

Sale—The
bonds

others

$1,000 each. Interest M-N.
Due May 1, as follows: $4,926.72 in

Livingstone

troit. The bonds
1948

and

1949

to

1978

on

incl.

Co.,

of

to

De¬

bonds will be awarded to the bid¬

dated Nov. 1,
Nov. 1 from

They

tional.

are

der whose

(P.

Consolidated

op¬

O.

Route

Frenchtown

Bend

Dist.

L eland

—

bids

will

until

for

8

the

receive

(EST)

p.m.

purchase

not to exceed

of

Oct.

Rate

interest

to

at

be

pur¬

price of less than 100% of

a

on

any

rate only.

one

bond

one

shall be

These bonds

are

Act No. 141 of 1945, and pursuant
the appropriate provisions of

to

Act No. 49 of 1915, as amended, in
anticipation of the collection of

be

The in-

the

terest rate for each coupon
period
shall be at one rate
only.
Bids

shall

proposal for the

issued pursuant to Public Act No.
246 of 1931, as amended by Public

Savings Bank,

of

multiples of Y4 of 1%.

maturity
any pre¬

No

period

obligation bonds. Dated
1, 1948.
Interest j-J.
Due $40,000 July 1, 1949 to 1953.
Principal and interest payable at
State

fu¬

bonds

coupon

$200,000

3% interest coupon

general

Monroe

all

their par value will be considered.
The interest rate for each

Nov.

the

of

the

on

their date to their

at

or

sealed
on

value

coupons

chase of less than all of the bonds

Styles, Secretary of the Board of
Education,

the low¬

deducting therefrom

mium.
J.

dollar

due

and

Township, Mich.

Offering

total

from

Monroe),

4,

produces

computing

the
ture

Sch,

bid

est net interest cost to the District
to
be
determined by

,

Jefferson

m

be in multiples of V4 of 1%. Prin¬
cipal and interest payable at the
County Treasurer's office.
The

18—v.

awarded

Si

are

mature

storm

Oct.

1631—were

p.

R.

a.m.

1950, $5,000 in 1951 to 1954, and
$6,000 in 1955. Rate of interest to

$45,000

offered

11

Oct. 1, 1948. One bond for
$926.72,

or

$4,000, payable

district

portion

of

Road

As-

sessment District No. 1 Special Assessment
Roll
No.
1
and
will

conditioned

upon
the pledge the full faith and credit of
opinion
of
Miller, j the District for the payment pf the
Canfield, Paddock & Stone, of principal and interest when due.
Detroit, which opinion will be Bids shall be conditioned upon the

unqualified

furnished

without

purchaser

Fractional School District No.

6

or

refunding

offered

Oct.

exceed

eral

1,

(EST)

purchase

obligation bonds.

ed

Interest A-O. Denomi¬
$1,000.
Due $68,000 April
1949 to 1953.
Bonds maturing

&

of

Detroit,

whose

interest

net

a

about 3.42%. The bonds
Nov.
1

are

1, 1948 and mature

from

1951

to

bonds due from

bid

cost

of

dated

May

incl.

1973

on

The

1959. to

1973 incl.

subject to prior redemption.

are

on

the

crued

No.

able

7

Bond

Offering

Ronald

—

and
L.

Hughes, Secretary of the Board of
Education,
will
receive
sealed
bids
25

ufltil

for

8

the

p.m. (EST) on O'fct.
purchase of $200,000

not to exceed 4%

interest

couoon

school bonds. Dated Sept. 1,

1948.

Interest M-N.

of

Trust

1,

follows:

as

$38,000

1950,
1952,

Bonds

Due May
in
1949,

$40,000
and

in

181

in
to

200, being part of the bonds ma¬
turing in 1953, will be subject to
redemption prior to maturity at
the

to

the

least

date fixed for
once

in

a

redemption,

newspaper

or

publication circulated in
which carries
lar

service

as a

Detroit,
part of its regu¬

notices

bonds.

of

the

Bank, of Detroit,

Rate of interest to be in

V* of 1%.

each

of

and

payable at the Manufac¬

turers National
of

sale

Princioal

coupon

multiples

The interest rate for

period

on

any

Co.,

National

Kalamazoo.

coupon

period

shall

at

at

on

one

one

qualified

approving

Miller,

Canfield,
of

'Fc.

Delroil

Bids

opinion

Paddock
which

one

nfn
of.

cates

of
&

District

awarded

to

them

jg—v

j0

.

$100^00

Sale-Ti)e

District Treasurer.

Traverse
Bond

£
,

of

i

d'ue $'10

w

|

d

1ointiv

by

](m

fi7

City, Mich.

offered

Oct.

(,qa

.

the

of'

basis

a

1

'

£
a

about
and

1950

Second W*h

l%s,

Milwaukee

at

1048

' i'frnm

Ja

and
^

, 70,

was

Co.

of

made
Mil-

waukee.

Sale—The $34,000 Special
Roll No. 48-2 storm

bonds

gen-

Inc.

c

as

to 1959' inclusive'
bid of 100.303 for

Golden

Assessment
sewer

no¬

j1528—were awarded

?rfi'£Lo£ naVed'ftt

.

the

upon

Mannheimer-Egan.

; Ha,.old

ready for execution at its
st
p
expense.
Bonds will be delivered
n,iCe
at Kalamazoo, or at such other I
place as may be agreed upon with

to

dated

are

eral obligation bonds offered Oct.
.

deliveryfurnish
thereshall

o,-VashTcrt^cc1'kn?orS$6a8Mrtp"f
S f.i; m^8UU'_pay"

$423.

Minn

»<■,»,

Bond

bonds

?£,???
able

cer¬

Denomination

1959, incl.

v

opinion

jT' purchaser of T
f ' JVlth°Ut( the
the

The

1959,

tice from the City Clerk that such
certificates are ready for delivery.

un¬

to

pense,

to

Principal and inter¬
payable at the City Clerk's
office.
Bidders will be required
to take up and pay for the certifi¬

bond

only.

any

rate

1950

est

be in multiples of J/4
The interest rate for each

shall be conditioned upon the

from

Nov. 1, 1948.

Rate

of 1%.

2

All of the certificates

Bank

1951,

$42,000

numbered

First

to

interest

Stone,
Denomination $1,000.

the

as

Due $423 on Jan. 2 from 1950

a premium of
Principal and interest pay¬

at

Jan.

tificates.

ac¬

interest, plus

1/2%.

on

indebtedness, divided

4,230 water main extension

order

value thereof and

par

(CST)

incl.

April 1,

1950, in inverse numerical
at

Dearborn

Township Sch. Dist.
(P. O. Dearborn), Mich.

on or after

of

on

any one or more interest

payment dates

7:30 p.m.

$9,820 sewer extension certificates.
Denomination $982. Due $982

1951 to 1953, will be
subject to
redemption on 30 days' published

notice

pay-

City Clerk, will receive seal¬

bids until

cates

in

Beane,

reflected

$100,

Treasurer.

Nov. 1 for the purchase of $14,050
not to exceed 6% interest certifi¬

Dated Oct.

1948.

1,

for

County

Certificate Offering—Carl Erick-

son,

of

$340,000 not >to
interest coupon gen-^

2%

check

the

MINNESOTA

Oct. 25 for

on

to

Alexandria, Minn.
■■

until 8 p.m.

the

cashiers

able

nation

interest
mu¬

168,
S.

18—v. 168, p. 1527—were awarded
Merrill Lynch, Pierce, Fenner

municipal

Somerville, Mass.

i

the

certified

Bond Offering — Lor en
JVL
Phelps. Secretary of the Board of
Education, will receive sealed bids

to

at
ac¬

with

until

on

terest coupon District Portion
spe¬
cial assessment road bonds. Dated

(P. O. Kalamazoo), Mich.

option of the District, in in¬
notes, first series, offered on Oct.
verse numerical
order, on any one
15—v. 168, p. 1527—was awarded
or more interest
payment dates on
to the National Shawmut Bank of
and after May 1, 1951, at par and
Boston, at 0.94% interest.
Dated
accrued interest, on notice pub¬
Oct. 15, 1948 and due on April 15,
lished not less than 30 days prior
1949„ The Bankers Trust Co., of
New York and the Merchants Na¬

De¬
may

Durand, Mich.
Bond

No tel¬

Sale—The $270,000.water-

in

Housing

will

Metropolitan District
O. Flint), Genesee
County, Mich.

in

Pittsfield

entire

at

a

bids

of
re¬

Oct. 22 for the purchase
of $30,926.72 not to exceed 6% in-

as

upon

sealed

(EST)

to the District Treasurer.

Monroe.

MICHIGAN

1953.

\

ceive

delivered

Enclose

in

Beecher

$39,000

-

lenbeck, Clerk of the Board
County Commsisioners, will

other place

cashier's check for

ephone bids will be received.

$41,000

.

the

pavment in Boston funds.

accepted.

/•<•.'-

agreed

chaser.

one

name

be

Arbor), Mich.
Offering — Kenneth Hal-

Bond

■

of

approved

Ann

paid by the District.

such

Co.,

Trust

interest

These

general

will

or

County Road AssessDistrict too. 1 (P. O.

ment

charge to the 1 unqualified, opinion
of
Miller,
approving the legality Canfield. Paddock & Stone, of Deof the bonds. The purchaser shall troit,
approving the legality of
to pay both principal and interest
furnish bonds ready for execution the
bonds, which opinion will be
The bonds will be prepared under
at his expense. Bonds will be de- furnished without
expense to the
the supervision of and authenti¬
livered at the Monroe State Sav
purchaser, prior to the delivery
cated as to genuineness
by the Day ings Bank or such other
place as thereof. The purchaser shall fur¬
Trust Co., and their legality ap¬
may
be agreed upon with the nish bonds ready for execution at
proved
by
Ropes,
Gray,
Best, purchaser.
Enclose a certified or his own expense.
The bonds will
Coolidge
&
Rugg,
of
Boston
cashier's check for
$4,000, pay¬ I be delivered at the County Road
whose opinion will be furnished
able to the District Treasurer.
I Commissioner's
office,
or
such
the purchaser.
Delivery will be
other place as may be agreed with
made at the Day Trust Co., against Kalamazoo and
Portage Townships the purchaser. Enclose a certified

further

legality

been

Day

accrued

considered.

genuineness by

Shawmut

the

$800,000 of bonds in a multiple of
V4 of 1%, and no bid of less than

Boston, against payment in Boston
Funds.
No telephone bid will be

*

CA

follows: - $28,1958, and $24,-

Bidders

Lu-

at the National Shawmut Bank of

& Co., Inc.;
Corp.; Harris,

P-

tion

sidered, and delivery will be made

Inc.;
Blyth j&

Raoiitav'IU

as

000 in 1959 to 1963.

(P.

will

noon

1948.

and accrued

Sons, the

Co.; .Simon Block
Bos worth & Co.,
CollW £' oasselI & C°..; Julien
lac - f w £°-;. 9.0ifin & Burr,
& Co "Vm
,raigi^ & Co.; Dixon
co.,
Y

Inc 'r'

on

incl.

electric light coupon

name

chaser.

,,

* Parker
&
Whipple & Co.;

Snn? l

due

1953

Storey,
Thorndike,
Palmer
&
Dodge, of Boston, a copy of whose
opinion will be furnished the pur¬

Redro°fu A"chi^loss,
&

1,

1949 to

bonds.

Dated Nov.

The bonds will be authenti¬

issue

Inc.;, Baker,. Watts

S'
Securities

until

certify that

!?nallan' Harris & Co.,

a

EaiiifaM

of

Boston.

d

B

000 in

Mass.

multiple of V\

cated

W' Pressprich & Co.;
&-C°.; Stein Bros. &

Ship pi'

and
to

Offering—Joseph E.

to

a

ton.

e' Forgan & Co., Mac^ Co.; Phelps, Fenn

r

1948
1949

Merchants National Bank of Bos¬

Drexel & Cof; Kidder,
I & Co' Lehman Bros.;
?eC^ritieTs Coi'P-; B. J. Van
&

Poak

W

&

National

cipal and interest payable at the

lowing are members of the urn
oerwntmg group: First Boston
corp; Harriman
Ripley & Co.,
amuh,

1,

gas and

ders

Roads

b ",

1631—were

p.

Second

1,
1948.
Denomination $1,000.
Due
$15,000 Nov. 1. 1949 to 1968. Bid¬

trust

In addi¬

—

168,

the

from

bids

bonds

legal proceedings for the State

Commission.
Syndicate Members

$75,099

Oct.! 26 for the purchase of $300,-

Commission, Marbury, Miller and
bvans and
Venable, Bae.tjer and
toward; Baltimore, are approving
uoaci

to

City treasurer,

eey..

Assistant Attor¬

General for the

The

—

Holyoke,

Hammond,
Attorney
Maryland, Robert jE.

Clapp;Jr., Special

bidder,

Mass.

Sale

Nov.
1

Bond

funds in
Maryland. The bonds are
offered subject to
approval of all
legal proceedings
by Mitchell &
Pershing, New York, Bond Coun¬
Hall

Due Nov.

Cpunty National Bank, of Everett.

legally be de¬
security for public

as

high

be

28
6

town, and all taxable property in
the town will be subject to the
15, levy of unlimited ad valorem taxes

Dated

April

debt

limit.

;

Second high bid of 100.60 for IV2.S
was
made
by
the
Middlesex

issu¬

for

second

Oct. 20—v.

Nov.

Under

They

due

Bank of Boston, as l'%s, at a price
of 100.617, a basis of about 1.289%.

exempt from all tax¬

ation within the State.

and

These

the

400,000 School Loan No.

of

interest rate of 0.94%.

an

awarded

taxes,

authorizingtheir

the

ance,

&

Boston,

on

Norfolk.

Federal

Bank

macadam pavement bonds offered

solely out of revenues
from bridges.
Interest is exempt

nil

1948

Bond

:

and the Baltimore National
Bank,
of
Baltimore, as Trustee and will
be payable

from

National

Everett,

Washington,

The bonds'will be secured
by a
Trust
Agreement, between * the
faryland State Roads Commission

ney

15,

named

this

larye cities between New York

sel.

Second

1949. The National Shawmut Bank
of

points

southern

ard B'chmond

the

the

Boston, at 0.749% interest.

Bridge,
New

over

Authority,

notes, first series, offered on Oct.
15—v. 168, p. 1527——was awarded

uninterrupted by ferries, to

Baltimore

U

travel

Housing
Mass.

England,

York, and other northern

1

outside

are

Boston.

Note Sale—The issue of $500,000

bridge,, together
completion *. of construction

f the Delaware Memorial

$26,000 in 1959 to 1963.
bonds

rate

Cambridge

Matapeake

With the

/.:
'

payable

MASSACHUSETTS

of (the

struction
with

.

Due Nov. 1, as follows:
in 1949 to 1958, and

$27,000

&

tanding State of Maryland Bridge
evenue Refunding bonds and filancing costs..

Starkweather

bonds.
'

Co.; Stroud & Co., Inc.; Tripp
Co., Inc.: G. H. Walker & Co.;
Watling, Lerchen & Co.; Weeden

and to provide
redemption of out-

unds for the

Scribner;

Bonds
troit

$400,COO School Loan Act of 1946

&

approaches,

ts

&

bonds will be

sewer

.

,

&

Bay Bridge, together

eake

Mason,

Washtenaw

upon'

bonds. The cost of said legal opin¬
ion and
of the printing of the

was

.

altimore.

only.

Stevens, Barber & Evely, of De¬
troit, approving the legality of the

Rockland

ffering

&

rate

one

,

which will protect the
/ -1
Weston, Mass.
yield to the investor, Webber, Jackson & Curtis; Piper,
Bend- Offering—Helen E. Cut¬
loneys in the Sinking Fund Will Jaffray\, &
Hop wood;- Prescott,
ting, Town Treasurer, will re¬
e iired
to retire, term bonds and Kawley, .Shepard
&
Co.,
Inc.; ceive sealed bids c/o Day Trust
Rand & Co.;
Iter all term bonds have been
Co., Ill Devonshire Street, Boston,
Also Reynolds Si
etired serial bonds would be reCo.; Julius A. until noon (EST) 011 Oct. 26 for
ired in inverse crder of .maturity, Rippel, Inc.;- Robinson-Humphrey the
purchase of $800,000 coupon
rindpal and interest payable at Co.; R. C. Schmertz & Co., Inc.;
bonds, divided as follows:
he Safe Deposit & Trust Co. of
Schmidt, Poole & Co.; Scott, Horner
manner

(1739)' 55

dated Oct.

<o£

Son; Horn-

blower & Weeks; W..E. Hutton &
Co.; Laird .<& Co.; Laird, BisseIT&

price * with
declining
the life of the issue,
oth the term and serial bonds
re also redeemable in
whole or
i
part, on any interest date not
arlier than, Oct. 1, • 1952, from
moneys in the Revenue Projects
ntera-st and Sinking
Fund :at
rices initially equivalent, to the
ffering yields, the prices declinng over the life of the bonds!in
ffering
rices

COMMERCIAL

Co.; Fahey, Clark & Co.;
Ferris & Co., Inc.; First of MichH
gan Cor p.; Folger,
Nolan,

Denomina-

1948.

Dated Oct. I,

THE

18—v.

Certificate

Valley,
Offering

Minn.
Bert D.

—

to

Putnam, Village Clerk, will re¬
ceive sealed and auction bids until

Paine, Webber, Jackson & Curtis,
of Chicago, as l^s, at a price of
100.272, a basis of about 1.395%.

7.30 p.m. (CST) on Oct. 26 for the
purchase of $11,500 not to exceed
5% interest water main certificate

The bonds

of

168,

p.

1528—were

are

and mature
to

1952

incl.

of

dated Sept. 9, 1948

Sept. 9 from 1949

indebtedness.

1948.

Dated

Nov.

1,

Interest J-J. Denom.

$1,000,
Due Jan. 1, as fol-

Second high bid of one for $500.
l^si^vas made by the j lows: $1,500 in 1950, and $2,00fr in
Michigan Corp.
I 1951 to 1955.
Certificates matur-

100.152 for
First

on

awarded

,

56

THE

(1740)

ing in 1955 will be subject to pre¬

1,1948.

payment at the option of the Vil¬

Due

1951, and semi¬
annually thereafter. Principal and
interest payable at any suitable
banking institution in the State.

1950

lage

Jan.

on

1,

approving legal opinion of
Dorsey, Colman, Barker, Scott &

Barber, of Minneapolis, both with¬
purchaser, and de¬
livery will be made within 30
days after acceptance of bids.
A
out cost to the

certified

cashier's

or

check

for

$230, payable to the Village, is
quired.
Marshall

County (P. O.

re¬

Warren),

Minn.
Bond

Sale—The

$55,000 drain¬
repair bonds offered on Oct.

age

14—v. 168, p. 1528—were awarded
to

Paine, Webber, Jackson & Cur¬
tis, of Chicago, as 1.80s, at a price
of 100.054, a basis of about 1.787%.
Dated Oct. 1, 1948 and due on Jan.
1 from 1950 to 1957 inclusive. Sec¬
ond

high

bid

of

100.27

for

2.10s

was made
by J. M. Dain & Co., of
Minneapolis.

Paul, Minn.

t

Offering—Joseph J. Mitch¬

ell, City Comptroller, will receive
sealed bids until 10

a.m.

(CST)

on

"Nov. 4 for the purchase of
$2,300,000 coupon bonds, divided as fol¬
lows:

$2,000,000

water works, not ex¬
ceeding 4% bonds. Due Nov.
1, as follows: $45,000 in 1949;
$46,000
in
1950; $48,000 in

•

1951; $49,000 in 1952; $50,000
in 1953; $51,000 in
1954; $53,000 in 1955; $54,000 in
1956;
$55,000 in
1957;
$56,000 in
1958; $58,000 in 1959; $60,000
in 1960; $61,000 in
1961; $63,000

in

1962;

in

the bonds

$64,000

road

1, 1948.

at the office

eed

y4

of 1%.

Commis¬

to

be

issued

Resolution,

credit

of

the

the

city

are

irrevocably

pledged to pay the
principal and interest, at maturity

Bonds

above
will

be

'

issues

of

furnished

bonds

by

the

city, but delivery shall be at
pur¬
chaser's expense. Enclose a certi¬
fied

check for

of bonds

2%

of the

amount

bid, payable to the city

Offering

receive sealed
bids until 8 p.m.
(CST) on Nov. 4
for the purchase of the
following

$60,000

water

certificates

debtedness.
50,000 permanent

of

•

*

bids until

of

15th

Bankers Bond and

Bond

tendent

a

No.

41

syndicate headed

sealed

of

bids

until

clusive;
arid

$175,000

Feb.

on

1

Aug.

1, 1966 to 1968 in¬
and $175,000 Feb. 1,

clusive,

1969; and $1,475,000 3.10s, due
$175,000 Aug. 1, 1969; $175,000
Feb. \ and Aug. 1,
1970, and

$950,000

Feb.

on

1,

Dec.

The

issue

election

Libby

ing:

Detmer

.

i

.

School

*

District

Libby), Mont.

Bond

District

an

bonds,

including

construction.

authorized at

were

&

Burr,
inc.. Courts & Co.. Thomas &
Co.,
Lyons & Shafto, Inc., Newburger,
Loeb & Co.. Shelby Cullom Davis
& Co., Ellis &
Co., .Fitzgerald &
Co., Inc. J. B. Hanauer & Co.,
Pohl &

Co., Inc., Jones B. Shannon

&

Co.,, Herbert J. Sims & Co., Inc.,
Isphording, Inc.,
Blewer, Heitner & Glynn, C. F.

Van Lahr, Doll &

Cassell & Co., Inc., Paul Frederick
Ik Co.,

Co.,

Inc.,

L. W. Simon

Co.,

Co., Walter Stokes &
Stubbs, Smith & Lom-

and

ba'rdo, Inc.
$1,000,000

were

veen

headed

&

of

Co.

No.

<

awarded to

by

a

1)

syn¬

John

Nu-

of

Chicago, at a
100.0029, a net in¬

terest cost of about

on

.

;1,

2.584%, as
.follows:
$110,000 3%s,
due
$15,000 Aug. 1, 1953; $25,000
Feb. 1 and $30,1)00 Aug% 1,
,,1954; and $40,00tf'F'eb. l, 1955;

and

;
v,

$890,000,£$50,000
$55$00"Feb. 1

Apg. .1,1955^
(and

%)'iV1956;

000

$75,-

Aug. I,
'

•

«

\u

(V\

,

"

.

.

/.

election

on

County (P. O. Las Vegas),
Nevada

Bond

Offering

County

—

Helen

Scott

Clerk, will receive
a.m.

(PST)

port bonds.
Dated Oct. 1,
Denominations $1,000
and

spec¬

bidders offer

more

the

to

least amount,

same

ac¬

then

bidder

offering to
highest price..
that prior to the

interest
above

and

to submit

the

lowest

which

bid

a

rate

premium,

at

par,

are

if

such

of

any,

bidder

will purchase said
bonds, or (b)
the lowest rate of interest at
which

bidder

bonds at par.

will

purchase
said
The bonds shall be

sold to the bidder

making the best
right of the
County Commissioners

bid,' subject
Board

of

to

the

to reject any and all bids
and readvertise.
None
of
such
bonds
shall be sold at less than

par and
accrued, interest,
nor
shall
any
discount: or commission
be
al¬
lowed or paid on such
bonds. If
there be two or, more equal

event

Board,,of

5

iA

,.V_

,

4'

'

4

•1.,*

•

York

and

tions

of

These
the

•»!,,'

New

City,

valid

that

close
for

bonds

an

legally binding ob%
Board of
Education

bonds

were

held

certified

a

the

the

election

authorized at
Aug. 4. En-

on

or

cashier's check

$19,500, payable to

Boar!

the

of Education.

Paterson, N. J.
Offering — Howard

Bond

Bristow, Clerk of the Board oj
Finance, will receive sealed
until
28

11:15

for

a.m.

the

not to

(EST)

purchase

exceed 6%

registered

or

Octl

on

of

$235,000

interest

coupoil

bonds, divided

follows:

$55,000 series A
15,000
137,000

sewer

as|

bonds.

street

improvement!

bonds)

second series of 1948.

All of the bonds

1,

1948.

Interest

dated Nov!

are

Denom-I

M-N.

ination $1,000. The combined

turities,

ma¬

with

payments due Sm-I
Nov. 1, are as follows]

bonds.of the

:same;

must

type; and char¬

acter, shall h be ^taxable a
by - .the
terms of any Federal income tax

under

the

Paterson, or at the option of the
holder, at the Bankers Trust Co,
New

contract

to

purchase

the bonds and in such
the deposit
accompanying his
bid will be returned. The success¬

or

York

City.
Each proposal
specify in a multiple of
1/20 of 1% a single rate

interest

which

bear, and

ful bidder will

be furnished with
the opinion of Hawkins, Delafield
& Wood, of New York
City, that
the bonds are valid and
legally

binding obligations of the town¬
ship. Enclose a certified or cash¬
ier's
the

check

for

$1,020, payable to

Each

proposal

amount

Jersey City, N. J.
$525,000 school
on

Oct.

18—v.

1529—were awarded to

composed

a

168,

group

of Harriman

Ripley &
Smith, Barney &
New
York;. * Van
Deventer Bros., of Newark, and
Boland, Saffih & Co., of New
York, as 2.65s, at a price of 100.117, a basis of about 2.638%. Sale
Co., Inc., and
Co.,- both of

bid

for

proposal.

series

Oct.

1

from

350,000 series
Oct.

1

A

bonds.

Due

bonds, which

the

ful

than

$236,000. The success¬
with

bidder will be furnished

the opinion of Hawkins,

Delafield

&

Wood, of New York City, thai
the bonds are valid and legally

binding

obligations

Enclose

a

check

for

the City.
cashiers

of

certified

or

payable to M

$4,700,

City.'
Sale—The

extension

$33,000
and

assessment

B

bonds.

Due

v.
168, p. 1529—were
to J. B. Hanauer & Co., of

dated

are

on

2.90s,

of

100.139

at

Boland,

3V4s was made d i

for

of

Co.,

&

York.

••

Co.

„

bids

until

7:30

V

Ellicottville\ 'Mdchias,
Franhlinville, Yorkshire and
East Otto Central Sch. Dtst.

Bond

p.m.

Sale

struction

Valley),

(P. O. West
New

York
The

-

u

$60,000 con¬

offered

bonds

on

oj

19—v. 168, p. 1632—were awarcte
to the Citizens National Bank

Springfield,
100.25,

Township

School

sealed

Ne*|

ti.

Ashford,

No. 4

Ingen & Co., MacBride,
Miller & Co., and M. B. Vick &
Neck

Newark]

a

Saffin

Oct

B. J. Van

Penn's

awarded

price of
1
basis of about 2.88%.'Dated
Noj
1, 1948 and due on Nov. 1 Iron"
1949 to 1955 incl. Second high bi
as

NEW YORK

from 1949 to 1978 incl

All of the bonds

sewej

sewj

extension bonds offered Oct. Ion

on

1949 to 1983 incl

1, 1948. Second high bid of 100.409
for $523,000 bonds as 2.70s was
made
by a group composed of

Lower

the

state

must

considered of:

$175,000

to

Pleasantville, N. J-

Bond Sale—The

offered

are

shall not be less than $235,000 nor
more

township.

bonds

bonds

in any legally acceptable

Bond

p.

the

proposal will be consi'd€?red;V••Which"•' specifies d ''irate
higher than the' lowest; rate stated
no

case

—

V>

The successful bidder
will be fur
opinion of Haw
kins, Delafield & Wood, of

nished with the

In
de¬

District (P.O.
Pennsville), N. J. 4
and/ sUch bids are the best bids
Bond Offering
Robert R.
received, apd not less than par and Dupn,
Sr., District Clerk, will re¬
accrued interest, the
ceive

bids,

less than

pay

the

livery of the bonds, the income
received by. private holders from

1947.

$500.
Interest A-O. Due Oct.
1, as fol¬
lows:
$7,500 in 1949 to 1966, and
$37,500 in 1967, Bidders for the
purchase of the bonds, or any part
of said bonds,
specifying (a)

bonds, which shall
$975,000 nor m
than $976,000.

on

25 for the purchase of
$172,500 not to exceed 5% interest air¬

+ha

amour

bid for the

not

rate of

zero

the

Oct.

the

(Combination

bonds

bonds

NEBRASKA
Clark

Reid,

Coffin

The

an

Oct. 2.

&

Co.,

$165,000

lowest rate

stated in
any ie1
acceptable proposal
Earl
proposal must state the

bonds, which

ligations

grade building and $100,000 audi¬

an

consider,

higher

gaily

the

terest

sealed bids until 10

&

state

law, the successful bidder may, at
Ms election, be relieved of his ob¬

torium

proposal will be
which specifies a rate

X

intern

to bear

are

no

the

0r i

Bank & Trust Co,

the

'

bids until Nov. 15 for the
purchase
$265,000 not to exceed 6% in¬

lu

Pont

'

a

therefor

O. v.j •'

y*Jr}r

the

of

Co., J. S. Love
2o., Leland Speed Co.. Francis J.

,

the

Offering
Alice Winfrey,
Clerk, will receive sealed

must

bid for

be not less than $51,000 nor
than $52,000.
As between

or

to

(P.

of

interest, the nually on
will be sold to the bidder
$19,000 in 1949, $21,000 in If
complying with the terms of sale $20,000 in
1951, .$25,000 in 1952 to|
and
offering to accept for the 1957,
$15,000 in 1958, and $5,0
amount' bid, the least amount of
in 1959 and 1960.
Principal andl
bonds, the bonds to be accepted interest
payable at the First Pat-F
being those first maturing, and if erson National

Sept. 11.

on

of i/R

rate

bonds

ml!

proposal

multiple

single

a

bonds

for

at

in a

1%

which the

per

proposal

ifying

cept

authorized

was

specify
of

/ Each

bonds, series of 1948.
4,000
sewer
assessment

receive

3

and TV

Co. of Salem.

bonds.

zero

legally acceptable proposals

purchase of $75,000 building bonds.

1971.

Associated with Ira Haupt &
Co.,
n
the purchase were the follow¬

receive sealed

will

to ]«

Principal and interest
payahl?
the City National
Bank

bonds.

more

1, 1948.

Schools

the

at

$40,000 in 1950
to iq-1
$45,000 in 1955, $50,000
in 19Sf
I960, and $60,000 in 1961

sewer

County tiigh Sch. Dist.
(P.O. Big Sandy), Mont.
Offering — The Superin¬ two

No. 2

series

interest

follows:

24,000 series C

shall

inclusive, and $40,000 2%s, due on
Oct. 1, 1967 and 1968. The bonds
dated Nov.

building bonds
Tnfl
Dated Oct.
nomination $1,000.
Due Oct i

sewer

Each

St. Louis, as follows: $310,000
2y4s,
due on Feb. 1 from 1949 to 1966

are

bear

nnr^ i

exceed

series B

of

amount

MONTANA

168, p. 1631
follows:

as

Co.,
City, and the
Security Co. of

Kansas

shall

to

only, and will be payable at the
Rahway National Bank, Rahway.

a

Chouteau

2%s, due Aug. 1, 1961; $2,425,000 3s, due $150,000 Feb. 1 and
Aug. 1 from 1962 to 1965 in¬

noon




to

dicate

(CST) on Oct. 28
for the purchase of
$35,000 coupon
water works bonds.
Dated NoV.

both

5

improvemen

Welcome, Minn.
Offering—A. H. Martens,

1528—were awarded to

p.

group composed of the Commerce
Trust Co., George K. Baum &

bonds.

(Combination

bonds

in¬

1, 1948, and due

168,

v.

1 for
the

not

cent, that is to
say, shall be payable without in¬
terest. Registerable as to principal

.

price

Village Clerk, will

of

■

■

■

the

by Ira Haupt & Co., of New
.York, at a price, of ,100,052, a
_>
pet interest post/ of "about
r.rf.'3.036$,as tfollows:? $100,000

,lL

T.

Jan. 1 from 1950 to
1960, incl.
Bond

school

bonds,

awarded

bonds.
Dated Nov.

to

Corp.,

Shaughnessy &

Shakopee, Minn.
Bond and Certificate
The City Clerk will

18

bonds
rate

Sale—The $350,000 public
hospital bonds offered on Oct. 18

Oct. 20—v.

14,000,000

taxation,
The
approving
opinion of Wood, King &
Dawson,
of
New
York
City, and WF L.
Ulvin, of St. Paul, will be fur

and

revenue

—were

from

the

4

has been determined that the said

Bond

inclusive. Interest J-D.

on

in

nished with these bonds at
time of
sale and all bids must
be uncondi¬
tional. Under and
by terms of the

interest

iffered

form, but may be ex¬
changed for registered bonds both
as to
principal and interest, at a
cost
of
$1 per registered bond,
plus postage.
Bonds are exempt

■on

Nuveen

Perry County (P. O.
Perryvdle), Mo.

Bond Sale—The
$5,000,000 high¬
way

coupon

and

John

& Co., in the purchase were: A. C.

Mississippi (State of )

be submitted
or

Oct.

on

Securities

4%

1953

co

Denomina¬

of the

The bonds

faith

with

$125,000

J-D.

County Drainage District
(P. O. Cozad), Neb.
Bond Offering—Robert R. Good,
No.

Dated Dec. 1, 1948. Denom. $1,000.
Due $10,000 on Dec. 1 from 1949

sioner of Finance, or at the Fiscal
Agency of the city, in New York

Ordinance

a

Dawson

1961.

bonds

County (P. O.
Ripley), Miss.
Bond Offering — J. R.
Lewis,
ounty Judge, will offer at public
auction at 1 p.m. (CST) on Nov
16, an issue of $50,000 not to ex-

Sept. 14.

Each issue :of'bonds must bear one
lateuof interest.1 Bonds'are
pay¬

mi

the amount of the bid.

Nov.

on

terest-

Associated

Lauderdale

authorized at elec¬
on

tion $1,000. Bids
may
in multiples of iT/10

City.

close

shall be accepted. En¬
certified check for 5% of

trust

or

improvement

awarded

Equitable

follows:

Dated Nov.

I

bank

(EST)
of

$100,000 Aug. 1,
1960, and $100,000 on Feb. 1,

Nashville.

in 1951.

able

determine

which bid

000 Feb. 1 and

in

$98,000 in 1949;
$100 000 in
1950, and $102,000

1

shall

Aug.
1,
1958;
$75,000
Feb.'l and Aug. 1, 1959; $75,-

Bond Sale—An issue of $200,000
>:ural
was

Public Welfare, not ex¬
ceeding 5% bonds. Due Nov.

*,

Monday, October
25, isa

1957; $90,000 Feb. 1 and $50,- Commissioners

Miss.

300,000

H

CHRONICLE

District
Secretary, will receive
Allyn & Co., B. J. Van Ingen & sealed bids until 3 p.m. (CST) on
Co., Stranahan, Harris & Co., Inc., Oct. 30 for the purchase of
$150,company designated by the suc¬
Braun,
Bosworth
&
Co.,
Inc., 000 not to exceed 6%
interest
cessful bidder.
Bidders must bid
Roosevelt & Cross,
Kingsbury & drainage bonds.
Dated July
1,
for a single rate of interest in a
Alvisy Lewis & Co. Barcus, Kin¬ 1948. Denom. $1,000. Due $10,000
multiple of y4 or 1/10 of .1%. The
dred & Co., Donald MacKinnon on
July 1, from 1953 to 1967 in¬
oonds will be awarded to the bid& Co., Stern Bros. &
Interest J-J. Optional on
Co., C. F. clusive.
ler who offers the lowest net inChilds & Co., Fahey, Clark & Co.,
July 1, 1953, or on any.subsequent
;erest, cost. Bids will be
compared
Mullaney, Wells & Co., Robinson- interest payment date.
an the basis of total interest
cost
Humphrey Co., Herman Bensdorfat the rate specified from date of
NEW JERSEY
& Co., Harrington &
Co., Kalman
ssue
to maturity, less
any pre&
Asbury Park, N. J.
Co., Magnus & Co., Peters,
mimum offered. These bonds were
Bond Call—The City Clerk an¬
Writer
&
Christensen,
Sodenauthorized at an election held on
nounces
the call for redemption
Zahner Co., M. B. Vick &
Co.,
Sept. 25.
The approving legal
Walter, Woody & Heimerding'er, on Dec. 1, 1948, of $58,000 term
apinion of Faegre & Benson, of
Weil, Roth & Irving Co., Newhard, bonds, dated Dec. 1, 1946, due
Minneapolis, as well as the printed Cook &
Dec. 1, 1972, and bearing 3V2%
Co., Stifel, Nicolaus & Co.
oonds will be furnished without
interest to June 1, 1949, and 2%%
and Cady & Co.
cost
to
the
purchaser.
In the
thereafter.
Bonds
will
be
re¬
The entire $5,000,000 bonds are
apinion of counsel these bonds are
deemed at the Asbury Park and
dated Aug.
1, 1948.
The bonds
iirect and general obligations of
Ocean Grove Bank, Asbury Park,
are
optional in inverse order of
;he Village,
and the full faith,
or
at the Marine Midland Trust
;redit and taxing power will be maturities, with the bonds within
Co., New York
any maturity to be selected by lot,
Hedged to their payment.
De¬ on
Clark Township (P. O.
Feb. 1, 1958, and on any in¬
livery of the bonds within 30 days
terest payment date
Rahway), N. J.
thereafter, at
after the sale, or thereafter at the
Bond
Offering — Lawrence G.
par and accrued interest plus a
aption. of the purchaser. No bids
premium as to each bond so re¬ Roach, Township Clerk, will re¬
cor less than
par will be consid¬
ceive
sealed
bids
until
8
deemed of lk of 1% for each
p.m.
year
ered.
Enclose a certified or cash¬
(EST) on Oct. 28 for the purchase
or
fraction thereof elapsing be¬
ier's check for
$1,000, payable to tween the
of $51,000 registered sewer bonds.
redemption date and
the Village.
Dated Nov. 1, 1948. Due Nov. 1, as
the stated
maturity date of the
follows: $15,000 from 1949 to 1951,
bond.
MISSISSIPPI
incl., and $6,000 in 1952. One bond
for $6,000, others $15,000 each.
Attala County
MISSOURI
It
(P. O. Kosciusko),
able at any suitable

1969;

tion held

as

FINANCIAL

000

as

thereafter, at par and accrued in¬
terest. Principal and interest
pay¬

$77,000 in 1970;
$80,000 in
1971;
$81,000 in
1972; $83,000 in 1973; $84,000
in 1974; $87,000 in
1975; $89,000 in 1976;
$91,000 in 197-7,
and $93,000 in 1978. These are

1,

1,

bonds
maturing on Nov. 1,
1955, and thereafter, to be subject
to redemption on Nov.
1, 1954,
and
any
interest payment date

1963;
$66,000 in
1964;
$68,000 in
1965: $69,000 in, 1966;
$71,000
in 1967; $73,000 in
1968; $75,000

$1.000r
follows: $3,000 in
1960, and $2,000 in 1961.

to

&

.

St.

Bond

Denomination

Nov.

All

The Village will furnish the print¬
ed and executed certificates and
the

COMMERCIAL

a

Dated
Nov.

as

basis

Nov.
1

Second

1,

2y4s, at a
of about
1948

from ;1948

high

bid

Pr^e

2.2m/f
and due oi

to

1963

i

-of-rlOO.152

2.40s

was .made
by
Cross, and Tilney & Co., botn

New

York, jointly.

1

J

,«„/«
2

m

THE

Number 4745

168

lume

Sale—The $115,000 school
nds offered on Oct. 19—v. 168,
1f>q9
were awarded to George
Gibbons & Co., Inc., of New
X as iy4s, at a price of 100.a
basis of about 1.226%.
,
Nov. 1, 1948 and due on
,1
from 1949 to 1953 incl.
,nnd high bid of
100.107 for
Os was made by Bacon, Steven„ & Co., of New York.

Rond

.

fertft anj

roadalbin, Mayfield,
Providence Central
New

Y.

Bond Offering—Charles J. Hartman,

Village

ceive

sealed

Treasurer, will
bids

2

until

re¬
p.m.

(EST)

on Oct. 28 for the purchase
$6U,000 not to exceed 5% inter¬

of

est

registered general
improvement bonds of 1948. Dated
coupon

or

June 1, 1948. Denomination
Due June 1, as follows:

$1,000.
$10,000 in
1949; $11,000, 1950; $12,000, 1951;
$13,000 in 1952, and $14,000 in

& Trust

CHRONICLE

The underwriters made public
reoffering of the bonds as fol¬
lows: 4^s, due 1951 to 1958, at
prices to yield from 1.50%
to

York

inverse order of their numbers, at

Bonds

after,

as a

whole,

in part in the

or

fed

Bond

—

—

7.

-

•"

Camillus, N.
Bond Offering

—

Treasurer,

llage

&

'

Cross, of New York,
a
price of 100.241, a

at

Y.

Ernest Smith,

about 2.358%.

receive Newburgh

will

2.40s,
basis of

as

;

<

of

3%

of

their

of

deemed

fore

2%

par

thereafter

Nov.

of

deemed

premium
value if re¬

or a

but

on

be¬

or

1, 1978; or a premium
their par value if re¬

thereafter.

Principal and
interest, May 1 and
1, payable at the principal

semi-annual
Nov.

office of The National City Bank
of New York. Coupon bonds in

denomination

of

$1,000, registerable as to principal only or as to
both principal and interest with

privilege
coupon

of

reconversion

bonds

the

at

into

expense

of

aled bids

Company, Incor¬
porated; Tucker, Anthony & Co.;
Chas.

E.

Weigold

&

Wm.

and

Co.,

E.

Incor¬

Pollock

&

Co., Inc.
Tonawanda

Union

Free

School District No.

1 (Consti¬
tuting City Sch. Dist.), N. Y.
Offering—George Krueger,
District Clerk, will
receive

Bend

sealed bids until 3 p.m.
(EST) on
Oct. 26 for the purchase of
$400,000 not to

exceed

5% int. coupon

registered building bonds. Dated
Oct. 1, 1948. Denom. $1,000.
Due
Oct
1, as follows: $25,000 from
or

1949

000

to

1958

from

inclusive, and $30,-

1959

to

1963

inclusive.

Principal and interest (A-O)
able

at

the

North
name

State

Trust

pay¬

of

Bidder

Tonawanda.

Co.

to

a

single rate of interest, ex¬
pressed in a multiple of V4 or
1/10

of

1%.

A

certified

$8,000, payable to order of the
District, is required. Legality to
approved

by

(P. O. Nyack), N. Y.
The $22,500 sewer

single rate of - interest, ex-

multiple of V\ or 1/10
:
1%.
Principal
and
interest
A.-0) payable at the Camillus
ank, Camillus. A certified check
>r $1,000, payable to order of the
illage, is required.
Legality to
e
approved - by
Vandewater,
ykes & Heckler, of' New York
ity,
' '/f
'
:essed in

a

.

,

Common School District

1

Jasper,. Hornellsville and

Bond

1

truction bonds offered

168,

p.

con-

Oct.

19—

of the Marine

Buffalo, George B.

ibbons & Co., Inc., and Chas E.
eigold & Co., both of New York,
s

2.40s, at

price of 100.7104,

a

York

inclusive.

The

City Housing Authority,
New York

$31,526,000

Bonds

Publicly

Of¬

fered—A syndicate headed by The
Chase
National
Bank, National

City

Bank,

Lehman

Bros.,

and

Blyth & Co., Inc., all of New York,
made public offering on Oct. 19

issue

a

asis of about 2.331%. The bonds
re dated
Oct. 1, 1948 and mature

of

from

of

3y4%

interest
1

from

pur¬

agency at a

net

3.213%i The' bal¬

of $16,730,000

ance

Nov.

$48,256,000

the

interest; cost

and

bonds, bearing
maturing y on

1989

to

1998

incl.,
were
not publicly
offered. The
$31,526,000 bonds offered to in¬
vestors
mature
are

are

dated

annually

further

Nov.

1,

Nov.

on

described

as

1,

1948
and

follows:

incl.

Amount

for 2.46s

$402,000

Blair & Co., Inc.,
nd
Bacon, Stevenson & Co., both
f New
York, in joint account.

420,000

4M>

439,000

41/2

459,000
479,000

4%

1954

41/2

Oct. 1 from 1949 to

econd
as

1973

high bid of 100.40

made

by

Carmel (P. O.
Mahopac), N. Y.
Bond Sale-—The
$30,000* general

Coupon Due
1951

41/2%

1952
.

.

:

1953

1956

41/2

501,000

524,000

41/2

1957

Oct.

547,000

-41/2

1958

J; 168,-p. 1632—were awarded

572,000

3

as

589,000

3

1960

J4S, at a price of 100.17, a basis
1 about 2.21%. Dated Sept. 1,
Q4n
due 0n Sept. 1, from
f inn,1,963 incL Second high bid
lfor 240s was made by

607,000

3

1961

improvement bonds offered
0

Tilney & Co., of New York,

i

nn

aeon,

Stevenson

&

Co.,

Catherine, Montour,
L
<*yag,at

New

Hector,

Newfield, Enfield,

1959

625,000

3

1962

644,000

3

1963

663,000

3

683,000:

3

703,000
724,000
746,000
770,000

3

1966

3

1967

31/4

1968

1964
.

31/4

1965

,

,

1969

795,000

31/4

1970

Central Sch. Dist. No.
1

821,000

31/4

1971

(P. O. Odessa) N. Y.

848,000

3y4

1972

875,000

31/4

1973

904,000

31/4

1974

Veteran

and

Van

Etten

.Sale—The issue
Oct.

construction
14

bonds

of

$410,-

offered

^a* awai"ded to a group
D wk-?
E*
Rollins & Sons,
Burr' pTi ^ Co" and Coffin &
WrP f°in?ew York> as 21/2S, at
2.4847 °TL u189, a basis
ab°ut
omnno
'

fTe bonds are dated Nov.
nnomination $1,000. Due
sive L
^ 1949 to 1977 inclu"
2.60s wa
5lgh bid of 100-77 for
1, 194r"

on Mav

Dosed
*ood
& Co

ofSjmn wS acom-

In G' Whlte &

Co-> Sher-

and Newburgef,

Loeb




933,000

3y4

1975

963,000
995,000

3y4

1976

1,245,000
1,282,000
1,321,000
1,360,000
1,401,000

1977

3y4

1,027,000
1,061,000
1,095,000
1,131,000
1,167,000
1,205,000

: 1978

3y4
3y4.

1979
1980

3y4

3y4

1981

3y4
-

\ 1982
1983

31/4
3

1984

3

?

1 1985 *

3

•

&
Weeks,
Sage,
Co., of Rochester, R. D.
&
Co., Hall & ' Co., and
Erickson
Perkins
&
Co.,
ox
Rochester. The bonds are dated
Nov. 1, 1948 and mature serially

Rutty &

White

Nov.

on

for 2.70s.

Troupsburg, Wood hull and Jasper
Central

Bond

by

100.11

Roosevelt

for
&

2.70s

as

basis

New

the

York.

State

Legal
of

New

Investment

York,

in

in

the

opinion of bond counsel, for Sav¬
ings Banks and all other banks,
Trust

Funds

and Fiduciaries, In¬
Companies and all public
bodies and public officers. Legality

approved
Trimble &

1986

3

1987

3

1988

Caldwell, Marshall,
Mitchell, of New York

by

City.
Syndicate

derwriting
following:

Members—The

un¬

consists of the
Chase National

group

The

Bank; The National City Bank of
New
York;
Lehman
Brothers;
Blyth & Co., Inc.; Chemical Bank
&
Trust
Company;
The
First
Boston

Corporation; Halsey,
Stuart & Co. Inc.; Harriman Rip¬
ley & Co., Inc.; Phelps, Fenn &
Co., R. W.
Pressprich
&
Co.;
Smith, Barney & Co.; C. J, Devine
& Co., Inc.; Goldman, Sachs & Co.;
Harris
Trust
&
Savings Bank;
Kidder,
Peabody
&
Co.;
The
Northern Trust Company; Salomon
Bros. & Hutzler; Shields & Com¬
pany, Bear, Stearns & Co.; Blair
& Co., Inc.;
*'
Also, Drexel & Co.; The Marine
Buffalo; Merrill

of

Central School District No.

1

&

Co.; B. J. Van

Also, White, Weld & Co.; Bacon,
Co.; A. G. Becker &
Co., Incorporated; Braun, Bosworth & Co., Incorporated; Cen¬
tral
Republic
Company
Incor¬
porated; C. F. Childs & Company,
Incorporated; Coffin & Burr, In¬
corporated; Eldredge & Co., In¬
corporated
First
of
Michigan
Stevenson &

Corporation; Geo. B. Gibbons &
Company,
Incorporated;
Hallgarten
&
Co.; Harris, Hall &
Company, Incorporated; Hemphill,
Noyes

Weeks;

&

Co.;Hornblower

(P. O. Orchard Park),
New
Bond

—

(P.

O.

ceive

sealed

(EST)

2

1953

ing bonds of
Dated Nov.

$1,000.

1948.

Interest

Due

Nov.

M-N.

Denomination
1,

as

School

District

No.

bonds offered

1

Y.
con¬

Oct.

15—•

1410—were awarded to

National
Bank,
of
Dated Oct. 1,

2.30s.

Oct.

on

1 from 1949

incl.

p.m.

registered build¬

1, 1948.

for

Marine

'

NORTH CAROLINA

re¬

Greenville,

Oct. 27 for the purchase
of $1,575,000 not to exceed 5% in¬
terest coupon or

the

A.

will

until

by

1967 incl.

100.235

Westmoreland) N.
Sale
The $8,700

p.

on

bids

of

—

168,

to

Maurice

bonds

Co., of Buffalo.

Westmore

v.

1949 to

bid

1948 and due

York

Offering

Graesser, District Clerk,

follows:

Bond

N. C.

Offering—W.

E.

Easter-

ling, Secretary of the Local Gov¬
ernment

sealed

Commission, will receive

bids

Oct.

on

26

until
for

11

the

(EST)

a.m.

purchase

of

$40,000 in 1949 to 1953, $50,000 in $806,000 not to exceed 6% interest
1954 to 1958, $55,000 in
1959 to coupon bonds, divided as follows:
1961, and $60,000 in 1962 to 1977. $360,000- electric light bonds. Due
Principal and interest payable at
•May 1, as follows: $6,000 in
the

Marine

Midland
Trust Co.,
City.
Rate of interest
to be in multiples of lk or 1/10 of
1%, and must be the same for all

1951 to

New York

the bonds. The bonds will be valid
and

legally binding generaT obli¬
gations of the District, all the tax¬
able
will

real

property within which
subject to the levy of ad

be

valorem

taxes

and interest

tation

as

bonds

will

to

to

pay

said

1960,

be

or

delivered

at

1961

to

294,000 water bonds. Due May 1,
•*.' as
follows: $4,000 in < 1951 to
■V 1961, $5,000 in 1962 and 1963,
and $10,000

in 1964 to '1987. ;
sanitary
sewer
bonds.
Due May 1, as follows: $2,000
in 1951 to 1957, $3,000 in 1958
to 1963, and $5,000 in 1964 to

152,000

bonds

amount.

$15,000 in

1979.

thereon, without limi¬
rate

1955, $9,000 in 1956 to

and

The

1987.

'

New

Dated Nov. 1, 1948.
Denomina¬
York, N. Y., or at such other place
tion $1,000.
Principal and interest
as
may be agreed with the pur¬
payable in New York City.
A
chaser,' about Nov. 15, 1948.
The
separate bid for each issue (not
approving opinion of

Vandewater,
less than par and accrued interest)
& Heckler, of New York
is required. Bidders are requested
City, will be furnished to the pur¬
Sykes

without

chaser

Enclose

cost.

cashier's

or

check

a

for

to

name

(P.

O.

New

Schuylerville),
York

the interest rate

or

rates,

in

multiples of V4 of 1%; each bid
may name one rate for part of the
bonds

Saratoga

earliest
rate

of

any issue
(having the
maturities) and another

rates for the

balance, but
Offering—Joseph L. Tur- no bid may name more than four
Supervisor, will re¬ rates for any issue, and each bid¬
ceive
sealed
bids
until
21 p.m. der must
specify in his bid the
(EST) on Oct. 26 for the purchase amount of bonds of each rate.
of $18,000 not to exceed 5% inter¬
Each rate must be-bid for bonds of
est coupon or registered construc¬
consecutive maturities. The bonds
tion
bonds. Dated Aug. 1,
1948. will be awarded to the bidder of¬
Denomination $1,000.
Due $2,000 fering to purchase the bonds at
on Aug. 1 from 1949 to 1957 inclu¬
the
lowest
interest cost to the
or

Bond

Town

cotte,

sive.

Bidder to

a single rate
in a multiple
of V4 or 1/10 of 1%. Principal and
interest (F-A) payable at the Na¬
tional Bank of Schuylerville.
A

name

of interest, expressed

City, such cost to be determined
by deducting the total amount of
the

premium bid from the aggre¬

gate amount

of interest upon all

of the bonds until their respec¬
$360, payable tive maturities.
No bid for less
to order of the Town, is required.
than all of the bonds offered will
Legality to be approved by John be entertained. General obliga¬
L. Ostrander, of Schuylerville.
tions; unlimited tax; registerable
Sodus, Lyons and Arcadia Central as to principal alone; delivery on
School District No. 1 (P. O.
or about Nov. 15, 1948, at place of

certified

•

&

/J

2.63%. The

made

was

Hayes
Clinton, as

$31,500, payable to the District.

Ingen & Co. Inc.;

2%s

high

the

<

Lynch, Pierce, Fennem& Beane;
F. S. Moseley & Co.; A. C. Allyn

L. F. Rothschild

Second

Bond

certified

Company, Incorporated; Barr
Brothers & Co., Inc.; Alex. Brown
& Sons; Eastman, Dillon & Co.;
Equitable Securities Corporation;
Estabrook & Co.; The First Na¬
tional Bank of Portland, Oregon;
Paine, Webber, Jackson & Curtis;
E. H. Rollins & Sons Incorporated;

about

Oct. 13 from

struction

Trust Company of

and

Goodwin, of New York,
a
price of 100.51, a

at

dated Oct. 15,1948 and mature

are

Cross,

Elma, West Seneca and Boston

1

Sale—The

to Bond &

2.20s

Aurora, Hamburg,

No.

$38,000 school
bonds offered on Oct.
15—v. 168, p. 1529—were awarded

of New York.

Orchard Park,

District

garage

made

1937, as
mented, and the Internal Revenue

School

(P. O. Troupsburg), N. Y.

„

—v.

of

1978 inch

Blyth & Co.,
Hutton
&

Inc.,
Schoellkopf,
Pomeroy, B. J. Van Ingen & Co.,
E. H. Rollins & Sons, and G. C.
Haas & Co., was among the other
bidders, offering to pay 100.661

was

of

from 1949 to

1

A group composed of

high bid

1955

n

Hornblower

ond

Housing Act
amended and supple¬

surance

chased

\

1529—were awarded to

group composed
rust Co., of

New

total

Canistco), N. Y.
Sale—The $250,000

1953

$31,526,000 housing authority
bonds, representing part of the

O.

(P.

to

of

Greenwood Central Sch.
No.

1949

National Bank of Newburgh, only
other bidder, offered par for 2V4s.

.

Canuteo, Hartsville, Howard,

Dist.

from

Trust
Co.,
of
Buffalo,
Weigold & Co., Roosevelt
& Cross, Bacon, Stevenson & Co.,

Chas. E.

Trust

States

as

Marine

Dated Oct. 1, 1948 and due on Oct.
1 from 1949 to 1959 inclusive. Sec¬

interest

bonds

net interest cost

a

syndicate then consisted of George
B.
Gibbons &
Co., Inc., C. J.
Devine & Co., Blair & Co., Inc.,

bonds together with
thereon, are exempt
from all taxation by the United
States by the existing provisions

counsel, the

the

individual

the

2.673%. The two accounts de¬

—

construction bonds offered Oct. 14

ct 26 for

ime a

of

on

opinion of bond

for

cided to merge and the successful

bus

Orangetown, Pearl River Sewer
District

100.94

2.70s, reflecting

Vandewater,

Sykes Heckler of New York City.

Bond Sale

headed

check

for

be

of

168, p. 1529—were awarded to
George B. Gibbons & Co., Inc., of
New York, as 2s, at a
price of
100.17, a basis of about 1.969%.

the holder. In the

until 2 p.m. (EST) on
(P. O. Newburgh), N. Y.
Bond Sale — The $10,000 con¬
Code
of
the purchase of $50,000
the
Unitfed
States, as
struction bonds offered Oct. 15— amended and
)t to exceed 5% interest coupon
supplemented, and
v.
are
168, p. 1529—were awarded to
registered municipal building
exempt from all taxation by
mds of 1948. Dated Oct. 15, 1948. the Highland-Quassaick National the State of New York or any
enomination $1,000. Due Oct. 15, Bank & Trust Co., of Newburgh, political subdivision thereof, un¬
follows: $3,000 from, 1949 to as 1.60s, at a price of 100.062, a der provisions of the Public Hous¬
158 inclusive,
and $2,000 from basis of about 1.579%. Dated Nov. ing Law, Chapter 44A of the Con¬
159 to 1968 inclusive.
Bidder to 1, 1948 and due $2,000 on Nov. 1 solidated Laws of the State of
No.

&

firms

57

groups which entered an identical

of the United

,

amount.

1, 1968;

Sale—The

$15,000 public
exceed 4% interest coupon
registered bus garage bonds, improvement bonds offered on
Oct. 15
v.
168, p. 1529
were
ted Nov. 1, 1948.
Interest M-N.
awarded to George B. Gibbons &
e $3,000
Nov. 1, 1949 to 1958.
Co., Inc., of New York, as l%s,
te of interest to be in multiples
at a price of 100.08, a basis of
y4 or 1/10 of 1%, and must be
about 1.723%. Dated Oct. 1, 1948
e
same for all
of the bonds,
and due on Oct. 1 from 1949 to
incipal and interest payable at
1953 incl. Second high bid of par
e Broadalbin Bank,
Broadalbin,
for
1.80s
was
made
by
the
ith New York
exchange. The
Peoples-First National Bank, of
nds will be valid and legally
Hoosick Falls.
nding general obligations of the
Lake Huntington Sewer District
strict, all the taxable real prop(P. O. Lake Huntington), N. Y.
ty within which will be subject
Bond Sale—The issue of $12,000
the levy of ad valorem taxes to
sewer
bonds of 1948 offered on
iy the bonds and interest therewithout limitation as to rate Oct. 15 was awarded to Roosevelt
t to

bid

Stroud

North

Legality to be approved by Van¬ a redemption price of par and
Offering—Grace B. Shat- dewater, Sykes & Heckler, of New accrued interest to date of re¬
District Clerk, will receive York.
demption plus a premium of 4% of
bids until 3 p.m. (EST) on
their par value if redeemed on or
Hoosick Falls, N.
Y.
3 for the purchase of $30,000
before Nov.

nv

Inc.;

from 3%
to 3.20%; and the 3s
maturing from 1984 to 1988 were

Rond

JL

two

porated

offered at

(1741)

Angeles; Roosevelt & Cross Inc.;
Schoellkopf, Hutton & Pomeroy,

2.65%, according to maturity; 3s,
due 1959 to 1967, from 2.65% to
2.95%; 3y4s, due 1968 to 1983 incl.,

$1,200, payable to
Village, is required.

for

the

of

FINANCIAL

A certi¬

Co., Floral Park.

check

order

&

a dollar price of 95.50.
maturing
on
or
after
Nov. 1, 1959 are redeemable prior
to maturity at the option of the
Authority on Nov. 1, 1958, or on
any interest payment date there¬

1953. Principal and interest (J-D)
payable at the First National Bank
fied

Broadalbin),

O.

(P.

1

Mn
N

Floral Park, N.

Union Free School District
(P. O. Batavia), N. Y.

COMMERCIAL

Bond

check

for

S°4y*)>\N. Y.

Sate,;-^; The $1,450,000
.

purchaser's choice. The approving
opinion of Mitchell & Pershing, oi
New York City, will be furnished

poration; Laurence M! Marks &
Co.; W. H. Mortori & Co., Incor¬

bpilding bonds'.offered on Oct. 19
—Vv! 168, ,j>/;J,63^T7T>vere awarded the purchaser.. Bids must be on a
tOcii c.ombined /syndicate headed, form to be furnished, by the above
re^ecf. George B., ,Gib- Secretary. Enclose a certified
bons & CP:, The!.', &nd C. J. Devine check for $16,120, payable to the

porated; R. H. Moulton & Co., Los

&

'

Also, W. E,. Hutton & C6.; Kean,
Taylor & Co.; Lee Higginspn Cor¬

Co., both of New York. These State Treasurer.

58

(1742)

THE

Roxboro,

N.

C.

to J. A. White &

COMMERCIAL

Co., of Cincinnati.

ling, Secretary of the Local Gov¬
Commission, will receive

Dated Oct, 1, 1948 and due $1,000
on April 1 and Oct. 1 from
1940
to 1957 inclusive, and $1,000
April

sealed

1

and

a

'»

price of 100.80.

Bond

Offering—W.

Easter-

E.

ernment

bids

in

Ra¬

on

Oct.

fighting

equipment

bonds.

Nov.

1948. Denomina¬

1,

to

rate

and

168,

& Co., Inc.
Sutherland & Co., in

high

bid of

bonds of each rate.
must be for

1973

The

bonds

will

bids until 10

,

to

the

was

&

Co.

Town,

the

The

50o

in

1951

(CST) on Oct. 27
$17,000 build-

a.m.

Due $1,1961, and $500 in

to

interest

total

bid

amount

from

.

to the purchaser.. En¬
certified check for 2% of
par value of the bonds bid
a

tax;

as

Zander,

Clerk of the Board of
Education,

to

will

principal

alone; delivery on or
about Nov. 16, 1948, at
place of
purchaser's

ing

opinion

chfncf

choice.

of

The

&

sealed

bids

until

2

p.m. (CST) on Oct. 27 for the
purchase of $48,000 building bonds.

approv-

Mitchell'

receive

Per-I

$6'0.^ *n 1915,1
bonds will be sold

Vnrk

X^ at^ waibe

offered

Bay Village, Ohio
Offering—Glen L.

Bond

yard,

Village Clerk, will

to

People's Utility
District (P. O. Newport), Ore.

receive

Oct.

on

Due

in substantial equal annual
maturities on Nov. 1, 1950 to 1959.
Bidders may bid for a different

rate

of

interest

4 of 1%.

in
multiples of
All bids must state the

number of bonds bid
for, the gross
amount of bid and accrued inter¬
est to date of
delivery, The bonds

ing money in anticipation

of

the

collection

of special assessments
under authority of the laws
of the State and of the
Uniform

and

Bond

Act, and

are

taxes unlimited

.

as

payable

from

to amount and

rate. The bonds shall be sold for
not less than the face value there¬
of and accrued

interest.

The

ceedings for the issuance
bonds

pro¬

of

said
under the supervision of

are

1

awarded
on

/

ir

J^
}"

>

,

Offering—John

'.

10

a.m.

(PST) on Nov. 5 for the
purchase-of $2,000,000- not to ex¬

interest

becoming

due

ceed

2%

until

July 1, 1963, thereafter
Principal and interest pay¬

able at the First National
Bank of
Portland. No bids will be enter¬
tained for less than 98% of the
par
value
of
the
bonds.
There
is
pledged for the payment thereof,
all of the revenues
derived

election

authorized

were

Sept. 28.

on

at

.■

authorizing
the ' bonds.
The ordinance
provides that all
income and revenues shall
be set

Washington County (P. O.
Bartlesville), Okla.
$600,000 hospi¬

tal bonds offered Oct. 18—v.
168,
p.: 1633 — were awarded to the
First National Bank & Trust
Co.,
of Oklahoma
City, at a price of
par, a net interest cost of about

2.45%,

as follows:

$30,000 24s. Due Nov. 1, 1951.
30,000 24s. Due Nov. 1, 1952,
30,000 2%g. Due Nov.
1, 1953.
210,000 24s. Due $30,000 on Nov.

aside

in

a

separate fund desig¬
nated as to the
"Revenue Fund."
Bidders may name, different
rates
of

interest,

but

not

more

than

three for parts of the
issue.
issue is the balance of

This

author¬

an

ized

issue of $700,000 and is
part
total authorized
issues of

of

coupon
veter¬
bonds. Interest A-O.

Dec.

not

less

1,

u

•

»

.

4

1

-V

•

f

V

$1,000 each,

on

Nov

4

$37,000 school
*

Philadelphia,

Pa.

Bond

Sale—The \ $4,125,000
2%
refunding 'bonds offered for
1

1948. Denomina¬

than

sale

Oct. 19 by the Board of
Sinkiiw

op
as

nd

1531

Commissioners—v.
were

awarded

168,

to

a

p

syndi¬

cate composed of the
National City
Bank,- Halsey,- Stuart & Co.
Inc
and C. J. Devine &
Co., all of New
York; First National

any semi-annual interest paying
date thereafter upon 30
days' prior
published notice of proposed re-

Portland';
.

Butcher

&

Bank, of
Schmidt,- Poole & Co.
Sherrerd,J and Janney

Co., all of Philadelphia,at
Pfice of 98.681.
Second

demptiqn. Rate of interest to-be
multiples of 44' of 1%.,; The

in

a

high bid

of 98.39 Was made

by a syndicate
headed by Lehman
Bros., of New
York.

bonds will be delivered
complete*
without cost to the successful bid¬

[

upori

State

bid

bonds

pay,

his
the

and

on

4

cost that

none

called prior to the final
maturity date thereof. The bonds
will be issued under
authority of
Article XIa of the Constitution of
are

issued

pursuant

and

Laws

to

6f

the
the

Constitu¬

State, and

* v

interest;

are

called'

period

for

pay¬

4'/•;,;

„

ordina.nce approved Sept, 22, 1924,
authorizing the, creation of a loan
or

loans aggregating $35,726,000.
$791,700, -being the remainder
.

Portland, approving

validity of the bonds. Princi¬

outstanding of bonds aggregating
$3,000,000, issued pursuant to an
ordinance approved June 22, 1925,
authorizing the creation of a loan
loans aggregatihg $29,750,000.
$833,500, being the remainder
outstanding of bonds aggregating
$3,000,000, issued pursuant to an
or

thereon,, if any, to the bidder of¬
fering the lowest effective rate or

ordinance approved April 10,1926.

rates

or!

of interest

upon

of ithe par value of the
bonds pay¬
able- toi the Director of

Veterans'

Affairs.

•'

• >

i

Bond

aggregating $35,500,000.
bonds* by ordinances ap¬

proved

Sept. 24,

said

outstanding

issues wilt

will

all- of the

bonds

cease on

these

of

that date and

.

as'to interest accrued to that date.

Bo'nds with all unmatured coupons

Offering—^D. J. Paterson,

Clerk,

1948, have been
on Dec.; 17,'

called for redemption
1948, and interest on

interest
coupons
attached
thereto will become void except

Glairtort, Pa.

City

loans

The

any

PENNSYLVANIA

'

authorizing the creation of a-loan

the'bonds,

based upon aggregate
interest cost
upon the • issue computed to the
final maturity date of
the issue.
Enclose a certified cheek for
3%

receive

attached, must be! presented for re¬

demption* and payment to the
Philadelphia National Bank, fiscal
agent for the City of Philadelphia,
90,000 24s. Due $30,000 on Nov. the State
pon
general
obligation;
bonds. at'its office, 421 Chestnut Street,
1 from 1961 tol 963
delivered to the successful bidder
1931, as amended. This issue shall Dated
incl.
Nov. 1. 1948. Denomination
Philadelphia, Pa."Bonds registered
at the expense of the
210,000 24 s. Due $30,000 on Nov. rank on a parity with the bonds
village. En¬
$1;000. 1 Due $10,000 on; Nov. VI as!to
1 from 1964 to 1970
iirincipal alone or as to both
close a bond or certified check
previously issued by the District.
incl.
for
frpm 1959 to 1964 inclusive. Bid¬
The successful bidder
principal and interest must be ac$750, payable to the village.
The
shall be fur¬ der to name
bonds are dated Nov,
1
a
single rate of in¬ cojnpanied by appropriate instru¬
nished the
1948. Interest M-N.
approving legal opinion
Legality ap¬ of
terest,- expressed in a multiple of ments of
Columbus, Ohio
assignment executed *8
Chapman .& Cutler, of
proved
by George J. Fagin, of
Note Sale—The
Chicago, 4 of 1%.
Interest M-N*
$22,200 sewer
Bonds blank. ■:
without cost.
V
>■ y
V-.:
The bonds will be
Oklahoma City.
are callable in inverse
construction notes offered on

Squire, Sanders & Dempsey, of
Cleveland, and their opinion as to
the validity of the issue
will be

1

particularly

Chapter

■

279

of

the

sealed

bids until 2

Thirty-Sixth

p.m." (EST) on Oct. 27
for the purchase of
$150,000 cou¬

delivered to the successful
bidder
at Portland
Enclose a certified

from 1954 to 1.960 incl.

order

Regular Session of
Legislative Assembly,

,

Oct.
21—v. 168. p. 1633—;were
awarded

Woodward, Okla.

to

Sweney, Cartwright & Co., of
Columbus, as 14 s,. at a price of
par.
Dated Nov, 16, 1948 and due
on
May 16, 1950. Second high bid
of

101.07

for

14 s, was made by
Ryan, Sutherland & Co., of Toledo.

side

Sale—The

Park

bonds

Ohio
River¬

Oct.

16

168, p. 1633—were
warded to
A. White &
Co., of

—v.

J.
as

3s, at

Cincinnati,

price of 100.36, a basis
of about 2 875%.
Dated March 1,
1948 and due
$700 on Sept. 1 from
•1949 to 1953 inclusive.
The Farm¬
ers

&

ville,

a

Savings Bank
only

other

Clerk, will receive sealed bids

of

bidder,

Due

and

offered

Osborn. Ohio
Bond Sale — The
$19,500
bonds

be

sold

to

to

authorized

the

rate of

pay

interest.

1965.

par

These

bidder

interest,
and
are

ac¬

the

at

the election
on Oct. 5.
Enclose a certified
*heck for 2% of the
amount of the
bid.

OREGON

Albany, Ore.
Bond

Sale

provement

of

168,

p.

The $160,000 im¬
bonds offered Oct. 13
1530—were, awarded to
—

United States

National, Bank,
Albany. Dated Dec. 1, 1948 and

due $16,009 on Dec.
1 from 1950 to
1959 inclusive. '
V i

of

the par value of

payable to the District.

Clatsop

County Consolidated

School District No. 30

(P.O.

Nov. 1, 1950, 01? on
anysubsequent interest payment
date,

at; par ,and

accrued

interest.

Bond

$3,000/ payable
to order of: the
City Treasurer, is
required. Legality to be
approved

by!Burgwiri, Churchill

Offering—D.

Pittsburgh.

S.

Craven,

District Clerk, will receive
sealed
bids
until
7:30
p.m.
(PST) on
Nov. 3 for the purchase of
000

not

$120,^

to

exceed

6%

interest

school bonds.

Interest J-D.

Nov. 1,

1948.

Due

1951

1965.

to

Dated

$8,000 Dee. 15,
Principal and inter¬

est

payable at the County Treasurer's office or at the fiscal
agency
of the State in New
York City, at
the option of the
purchaser. These
bonds were authorized
at the elec¬

A

certified check for

Warrentcn), Ore,

The

held

the
sewer

offered Oct.
15—v. 168, p.
1411—were awarded




will

agreeing to

bonds

v.

improvement

$20,000 in 1951

crued

Loudon¬

par for 3s.

un¬

check for 3%
the bonds,

hospital bonds.

offering the lowest

$3,500

offered

Offering—Mary Clift, City

til 7:30
p.m. (CST) on Oct. 27 for
the purchase of
$300,000 not to ex¬
ceed 3% interest

bonds

Loudonville.
Bond

Bond

numerical

«

:

•

«

Bond

Farm), Pa.^

Sale —The

$700,000

gen¬

obligation bonds offered Oct

19—v. 168,

offered
were

Oct/ 18—v.

168, p,

1531

awarded to the Montgomeiy

Triust Co./ of Norristown, as 2%s,
at

a

j,

'

Dist.

*

Rockledge; Pa.
r
Bond Sale —The $16,000 bonds

& Ruffin of

Delaware County Institution
(P. (X Fair Acres
eral

'

on

price of 101.

'

Bond Sale—An issue
2M %
was

T"

Womelsdorf, Pa-

'

general
awarded

of $12,000

obligation
on

Oct-

18

bonds,
to

tne

Womelsdorf Bank & Trust Co., a
a

price of 100.125, a basis of about

1531—were awarded 2.4T8%: Interest M-N. Dated Nov.
to Schmidt,-Poole &
Co., and Asp- 1, 1948. Denomination $-1,000. Duo
den, Robinson & Co.,
$1,000 Nov., 1, 1949 to 1960, sub¬
p.

both, of Phil
jointly, „! as 1 %s> at a ject,, however, to being called, nv
101.0856, a basis of about part or in full at any interest pay¬

adelphia,
price

of

1:781%. The bonds

ment period prior thereto.
are dated Nov.
Tnes^
15, 1948 and mature $28,000 on obligations will be paid "from »
/Nov. 15 from 1949 to 1973 inclu¬ valorem taxes within ther taxing
tion held on
Sept, 13. The approve sive.
They are non-callable. Sec¬
ing legal, ouinion of John W. ond
limitation placed by law upon said
high bid of 100.885 for -l%s
Shuler, of Portland, will be fur¬ was
made
by the First Boston Borough. A bid of par was entered

nished the successful
bidder.
close a certified check
for

Enr

$1,000.

Corp., and Moncure, Biddle &
Co., by the Berks County Trust Co. oi
jointly.
,

.

-

1

Reading.

.

Dec. 17,

on

interest

any

$345,000, being the remainder
outstanding of bonds aggregating
$2 000,000r. issued pursuant to an

McCulloch, Shuler

the

or-, at

ment.;.

successful
bidder
will
be
fur¬
nished the unqualified
legal opin¬
ion of Winfree,

of

;-

thereafter, V

State, and Chapter 403, Oregon
Laws, 1945, as amended, and the

Sayre,

accrued

1948>

the

&

announces that

of

is accepted and

will

Call. .Clerk of'
Council "

provided

aggregate interest

the

Philadelphia, Pa.
Bond

William-W, /Feltom

Dec. .I7,; 194'8, the
following
4 % (bonds, issued Dec, 17, -1928,
due Dec. 17,
1978, and redeemable
at, the option of the City at
par

$1,-

825,000, of which $1,422,000 is now
outstanding, and such bonds are
tion

'

'

I

interest

ans' welfare

on

dinance

bonds

e

bonds.

Greenbo, tional

descirbed-as fol-

are

of )

der, at Salem, or at such banking
institution in Portland, as the bid¬
der ,«hall name. Each- .bidder
the respective
is
preceding: July 1,
will be nearly as
equal as- may be, .requested to include in his bid a
statement of the total interest cost
a
variation of so much as
$1,500
being inconsequential. The bonds qnd effective interest rate based

1%

-

year, plus

the

at par.

a

(State

*

,

n

specify.
1960, subject to op¬
redemption by 1 the State,
Secretary of the Board of Direc¬
in numerical
order, or in their en¬
tors, will receive sealed bids until
2 p.m.
tPST) on Nov. 16 for the tirety, on April 1, 1954, and upon
Bond

cost

Bond Sale—The

V

-

4

(

The

f

■

.

Olyphant School
District, pa'
4 Bond Offering
The
District
Secretary will-receive sealed
hi J!

,

an

•

.

,«

i

,

,

the

Catasauqua

.

.

$65,000 swim ing. pool bonds. Due
pal and interest payable at the
$5,000 annually from 1951 to
Treasurer's
office.
by the State
-The
District from its
1963 inclusive.
f
operations re-* bonds will be the direct negotiable
25,000 water works system bonds. maining after payment therefrom general obligation bonds of the
Due as follows: $2,000 from of all expenses of
operation, main¬ State, ahd will be sold at not less
1951 to
1962
inclusive, and tenance, taxes, power at wholesale than $95 for each $100 par value
and
$1,000 in 1963.
insurance, as provided by or¬ thereof
and
*
accurued
interest

issued for the purpose of rais¬

are

were

2.46%.

sealed bids until noon
(EST) on
The bonds
Nov. 1 for the purchase of
$74,400 fows:
3% special assessment bonds.. In-'
terest M-N.
Dated Nov. 8, 1948.
Denomination $1,000, one for $400.

19

Evan L.

of

of

'

of S12ftnh

ll-Jv

Oct.

1

the successful bidder shall
Due April 1,

are

Davis, of Tulsa,
bid reflecting a net interest

Gan-

on

-

tion

Lincoln

subject to redemption prior to
ritv
win hk
to the bidder
4 lew
maturity on any interest date on
furnished
the
purchase!.
Bids ,, offeYing the lowest rate of interestr
or after Jan.
md agreeing to
must be on a form
1, 1953, in the inverse
pay par and ac_
furnished by
crued interest. Enclose a certified order of maturity (less than the
the above
Secretary. Enclose a
whole of a single
check for 2% of the amount bid.
certified check for $200,
.maturity to be
payable
selected by lot) as follows: On or
to the State Treasurer.
Okemah, Okla.
prior to July 1, 1958, at
103, and
Bond Sale—The $90,000 bonds
OHIO
reducing annually thereafter 4 of
nf
of

Oregon

;

j

Dated

Central

of

registerable

Bank

at- par.

inclusive.

upon.

the

obligations;

unlimited

offered

q

'

1,306—were awarded
to

p.

32

(p
Pa

Sale—The issue

Bond Offering — W. F. Gaarenstroom, Director of Veterans' Af¬ until 7:30 p.m.
(EST)
of fairs, will receive sealed bids until for the
purchase of

19^2.
The bonds will be sold to
purchase of $300,099 not to exceed
the prefjj-e bidder
offering the lowest rate 4% interest revenue bonds. Inter¬
aggregate : 0f
interest; and agreeing to pay est J-J. Dated Jan.
amount of interest upon all of the
1, 1948. - De¬
jpar an(j accrued interest. Enclose nomination
bonds until their respective ma¬
$1,000.
Due Jan. *1,
a
certified check for 2% of the 1951
to
turities,
No bid for less than
1970,
in
such
annual
par
amount of the bid.
instalments
that
the
and accrued interest, or for less
combined
total
of
Nash School District, Okla.
principal and interest
than all of the bonds, will be en¬
due on Jan. I,
Bond Offering—Edward
tertained,
pf each
General

ing the

mium

of

thereon.

approving legal opinion
Snuler, of Portland, will be

John

the

jng and furniture bonds.

such

by deduct-

accruing

furnished

for the purchase of

purchase the bonds at the lowest
cost

24s

Meeker School District, Okla.
Offering—C. R. Hilton.
District Clerk, will receive sealed

be

Inc.,

bonds

Catasauqua

Catasauqua),

.

-

Bond

.

to be determined

for

Richards

OKLAHOMA

offering to

Co.,

:

Bond

tional

office.

close

Each rate bid

.,

100.237

Second

than

bonds of consecutive

maturities.

inclusive.

by Field,
0f Cleveland,

balance,

more

awarded to the bidder

interest

awarded'

Ripley

made

name

&

!

1945

Denomination
■
■
$1,000.
y
:
$1,000 Oct. 29, 1949 to 1973.
Olyphant, Pa.
•Bond Sale—The $130,000 school
Bond.
Bonds are subject to call and can
tM'iering —Joseph
bonds offered on Oct. 13—v.
Sank
168, Borough
be redeemed
by the city on any
Secretary,'will recZ
p. 1530—were awarded to Blyth sealed
bids until 8:30
interest bearing date on and after
p.m. (ESTi
& Co., of Portland, as 34 s.. Dated
on Nov. 4 for the
Oct. 29," 1956.
Principal and inter¬ Nov.
purchase of
1, 1948 and due on Jan". 1 00.0 bonds. *
est payable at the
'
City Treasurer's from 1950 to 1961

of

rates, and each bidder must
specify in his bid the amount of

Blyth

County School District No.
(P. O. Mapletcn), Ore.

1948.

to

multiples

Lane

DUe

Oct. 21

on

1530—were

p.

Harriman

two

cost

Oct:

part of the bonds
earliest maturities)

for

the

J..

29,

Dated

1949

rates in

or

bid may

no

Interest A-O.

interest

No bid will be accepted for
less than 98% of the
par value of
the bonds and the entire amount

another rate for the

out

6%

and Ryan,
joint account, as 24s, at a price
of 100.93, a basis of about
2.408%.
Dated March 1, 1948 and due $6,000 on May 1 and Nov. 1 from

of 4 or 1%.

(having

chased by
improvement Portland.

exceed

Each bid may name

interest rate

one

for the purchase of
$25,900 mot to

$300,000 unlim¬

tax. bonds offered

—v.

$1,000 in 1949 to 1956, and $2,000
in 1957.
Principal and interest
payable in New York City. Bid- |
ders are requested to name the

North

25

.

ited

tion $1,000. Due Nov. 1, as follows:

Grove School District (P. O.
Lake Grove), Ore.*•.

-

bonds.

Bond Sale—The

Lake
„.

24s,- at

as

Arlington, Ore.

Monday, October

Bond
"
Offering—Roy *E. Hurst,
.Bonds Sold—An issue of
City Recorder, will receive sealed
$110,bids until 5 p m. (PST) on Oct. 29 000 building bond's has been pur¬

•

sold

were

FINANCIAL CHRONICLE

'

Salem, Ohio

In¬

M-N.

Dated

$500 Oct. 1,1958.

The bonds

purchase of $10,000 not
6% interest coupon fire

to exceed

terest

office

11 a.m, (EST)

iwjiil

leigh

26 for tne

his

at

'

&

;

Number 4745

Volume 163

RHODE ISLAND
.

:...

p.:153Wwere sold by the City
price of par.* * •;;

:

;"

School

County

Sumter

District

j

the

South Carolina

Bond Sale—An issue of $370,000

syndicate composed of
Co., of Atlanta, Hamil¬
ton & Co., of Chester, G. H. Craw¬
ford & Co., of Columbia, and Kinto

19

corporate

and;

school bonds was awarded on Oct.
a

Courts &

and

1959,

in

$21,000

in

1960

electric,

any

boundaries

payable, together with
other obligations which may

be issued in the future
under

the

lution

from

the

such

tion

reso¬

to

all bids

must

be

Big Spring,

bonds,

or

following

Antonio:

.

1953 incl.

.

,

*

1 40,000 fire station. Due $8,000

on

Nov. 1 from 1949 to 1953 incl.

<4

The

warrants

denoms.

M-N.

Sioux
Bona

Falls),

Oiferiug—

City Auditor,

S.

Dak.
A.;

v.

works

Barnes,

will receive sealed

bids until 8 p.m.

(CST)

on

Nov. 8

for the

purchase of $17,000 not to
exceed 4% interest coupon fund¬
ing bonds.
Interest M-N.
Dated
Nov.

1, 1948.
Due May 1, -as fol¬
lows: $3,000 in 1950 to 1952, and
$4,000 in 1953 and 1954. Principal
and interest

payable at any suit¬
banking institution - desig¬
by the successful bidder.

able
nated

The bonds -will bear interest at

a

single rate to be designated by the
successful bidder in multiples of
% or 1/10 of 1%:
The City: will
furnish
chaser

without
and

cost

the

pur¬

within

'award of sale the
ecuted

to

bonds

40 days after
printed and ex¬

and

the :■

approving

Oct.

and

awarded

bonds

sewer

9—v.

168,

to the

Scott

&

to

Barber,

will

be

lowest

of

Minneapolis.-

preferred

net

according-

interest

cost; total
interest .to the respective maturities, less any premium offered.

-

•

No

bid

crued

of

less

than

interest will

Enclose

check;

a '

certified

ac¬

or' cashier's

draft

or.A bank

and

par

be considered.

for1;: $340,

'

payable to the City Treasurer.;

Wall, S. Dak.
:

Bonds

Sold

The Underwood
State Bank, of
Wall, has purchased
as
3s, at par, the following bonds:
—

$18,000

water
works
improve¬
ment, and $9,000 fire fighting
equipment.
'
V
/.

•!

|

TENNESSEE
Bond

;

Dickson, Tenn.
Offering—H. C.

son, Town

Thomp¬

Recorder, will receive

sealed bids UntiT2
p.m. (CST)
Oct. 29 for the
purchase of

on

$50,-

000 not to exceed
3%

interest

ur¬

ban electric
system revenue bonds,
series A.
Interest J-J. 1

Dated

Oct.

tion

$1,000.

1950

to

1959.

from 26 to 50
>

demption
on

interest

in

$5,000

Bonds
are

at the

nicipality
order

1,: 1948. Denomina¬
Due

Jan.

callable for

against all taxable
located therein, within
limitations
prescribed
by
law.

Equitable Securi¬

Legality

The

bonds

Jan. -1,

"1954,

Sept. 1, 1948. :

••

bonds

Oct.

payment

date

on

14—v.

prior to
maturity at par
crued

plus
interest to the. date of

ac¬
re¬

demption plus a premium as fol¬
lows: If called for
redemption on

or

after

Jan. 1, 1954, and on or
before July 1,
1956, the premium

■

for

each

$25,
on

and

or

bond

so

called

shall

if

called for redemption
after Jan. 1,
1957, and prior

*0'maturity: the premium for
bond

ders
or

A

be

so

are

called shall

requested tp

rates of interest in
of 1%.
Not

be

each

$15. Bid¬

name

a

rate

multiples of

more
than two
iates shall be
specified and there
shall be no more
than one rate for
any one
maturity.-• The bonds will
ne
awarded, to the
responsible bid¬
der
whose bid results in the lowest




Halsey,

Dallas.

Gibson

Co., Inc., Paine, Webber, Jack¬
& Curtis, Bacon, Stevenson &
Co., all of New York, Dallas Union

v

berland Securities Corp. of Nash¬
ville .and
Davidson
& • Co.,
of

/

Bond

White

&

price
cost

of
of

Co.,

from

of

Houston,

100.0689,

about,

pital

Knoxville, /.jointly, at a price of
100.022,; a net interest cost. of

168,

a

as

waive

interest

follows:

1.775%,
due

at

net

a

the

&

semi-aanually

offered

a

record

opinion

of

Sykes,
New

and

the

Texas

the

free

to

approving

Attorney-General

and

of

Heckler

York

furnish

transcript of the

Vandewater,
Galloway, of

&

City.

Texas
Harris

sealed

(CST)

bids

until

11

a.m.

Nov. 4 for the purchase
of $12,000,000 road
bonds, divided
as follows:
on

$3,500,000 Series B-l, 1948 bonds.
Due $175,000 Dec. 1, 1949 to
These bonds

$7,000,000

at

the

at

the

part of

are

issue, authorized

election

held

Jan.

County Flood Control Dist.
(P. O. Houston), Texas
Bond Offering—H. L.
Washburn,

County
the

Auditor,

that

announces

Commissioners'

for and behalf of the

Court, acting
District, will

receive

until

(CST)

sealed

bids

11

am.

Nov. 4 for the purchase
$3,000,000 series C
of *1948
bonds.
Dated Dec. 1, 1948.
De¬
nomination $1,000.
Due $150,000
on

of

Dec. 1, 1949 to 1968.

Rate of inter¬

est

must be in
multiples of Vs or
25, 1947.
1/10 of 1% and must be the same
5,500,000 Series B-2, 1948 bonds. for all of the bonds.
Principal and
Due $275,000 Dec.
1, 1949 to interest payable at the County
1968. These bonds are part of Treasurer's
office, or at the City
a
$9,000,000 issue, authorized National Bank of
23

election

on

Houston,

held

Aug.

on

1947.

3,000,000 Series 1948 bonds. Due
$150,000 Dec. 1, 1949 to 1968.
hos¬

bonds

authorized

were

at the election held

11—v.

Jan. 31,

on

1948.

1307—were awarded to Un¬

derwood, Neuhaus & Co., of Hous¬
ton, at a price of 100.14. a net

will

purchaser

of

Bond

These

Oct.

irregularities, and to'accept
most
advantageous to it.

bond

County (P. O. Houston),

The

right to reject
bids, take new bids, or

District

the

nually from Aug. 1, 1950, to Feb.
1,1.958.
;

O.

$275,000

matured,

bid

The

1, 1949 to Feb. 1, 1950,
and $1,600,000
l34s, due semi-an¬

-

bonds

p.

as

are

reserves the

any and all

Feb.

1968.

Sale—The

Chap¬

Statutes,

bonds

District

Co., of Dallas, J. R. Williston
Co., of New York, and Chas. B.

Anahuac), Texas

'

These

&

a

' '■

128,

Civil

to service these bonds for
this year
and annually each
year thereafter
until the issue is

Indep. School District,

Chambers County (P.

Title

Revised

.

&

„

p.

9,

also
authorized by an act of the
Legisuature creating the
District.
An
appropriate direct levy of ad valo¬
rem taxes will be made
against all
the property assessed in the
Dis¬
trict for the purposes of
taxation

son

purchased
by
Ernest
L.
Brown," of Houston. Dated Sept.
1, 1948.
Legality approved by
Dumas, Huguenin & Boothman of

j.._. /
168,

by

particularly

amended.

a

Co., Inc., Kean, Taylor & Co.,
B. J. Van Ingen &
Co., R. W.
Pressprich & Co., Geo. B. Gibbons

Bonds Sold—An issue of $46,000
school
house
bonds
has

1411—were awarded to the Cum¬

Dated

bonds
each

for

this

year

year and annually
thereafter until the is¬

is matured.

sue

plainly marked
Dec.

tion $1,000.

1, 1948. Denomina¬
The rate bid on each

issue

be

at

or

the Chase National Bank of New
York City. An
appropriate levy of
taxes will be made to service these

must be

Each bid is to be

the outside and
the form furnished
by

on

on

the County Commissioners. 'These

multiple of bonds were authorized at the elec¬
M or 1/10 of 1%. Principal and tion held on Nov. 7, 1944.
These
follows: $62,000 2y4s, due on Nov;
interest
payable at the County bonds are issued pursuant to the
on Oct. 1 from 1954 to 1958-inclu¬
10 from 1949 to 1952
inclusive, and Treasurer's
of
House
Bill
office, or at the Na¬ provisions
1131,
sive, and $120,000 234s, due on Oct. $2,13.000 2%s,
due
on
Nov.
10
tional
Bank
of
Commerce
of Chapter 360, Acts of the Forty1 from 1959 to 1968 inclusive. The from 1953 to 1963
inclusive. The Houston, or at the Chase
National Fifth Legislature, Regular Session,
bonds are dated Oct. 1, 1948 and bonds are dated
Nov.
10, 1948. Bank of New York
City, at the 1937, creating the Harris County
those maturing from 1954 to 1968 Bonds
maturing from 1959 to 1963 option of the holder. An
Flood Control
District, and pur¬
appro¬
are
subject to prior redemption. are optional on and after Nov. 10,
priate levy of taxes will be made suant to the provisions of Section
Second
high bid of 100.046 for 1958.
Second high bid of 100.075 to
59 of Article XVI of the
service
these
bonds for
this
Constitu¬
$28,000 314s, $133,000 234s, and for $275,000 2%s- was made by
tion of the State/'Under
year
and
annually
each
year
existing
$39,000 3s, a net interest cost of- Fridley & Hess, and the First thereafter,
until the issue is ma¬ laws, the interest on these bonds
about 2.846%, was made by John Southwest
Co., jointly.
is exempt from Federal income
tured.
Bidders may bid on one
Nuveen & Co., and the Fidelityissue or on all issues and
tax.
In the event
Congress shall
may
Cuero, Texas
Bankers Trust Co.,
Knoxville.1
stipulate for all or none, but bids enact, prior to the delivery date
Bonds Sold—An issue of
$25,000 must name a
of these
bonds, legislation having
separate price and
Lexington, Tenn.
3% water works bonds has been
the effect of
interest rate
for
each
Bond
Offering—W. L. Brown, sold to
placing an income tax
issue, as
Rausche, Pierce & Co., of each
on
the
issue will be sold
interest
Town
accruing
from
separately.
Recorder,
will
receive San Antonio. Interest M-S. Dated
Each bid is to be
these bonds, the
sealed bids until 7 p.m. (CST) on
bidder, at his op¬
plainly marked
Sept. 1, 1948. Denomination $1,000. on
the outside and must be on the tion, will be relieved from all ob-^ *
Nov. 8 for the purchase of $12,000 Due
Sept. 1, as follows: $2,000 in form
furnished
by the County ligations under the terms of the
not to exceed 4% interest public
1949 to 1953, and $3,000 in 1954 to
contract of sale.
Commissioners.
The
The District re¬
county re¬
improvement bonds.
Int.
A-O.
1958. Principal and interest pay¬
serves the right to
reject any and serves the right to reject any and
Dated Oct. 1, 1948.
Due Oct. 1 able at the State Treasurer's of¬
all bids/take new
as follows:
bids, or waive all bids, take new bids, or waive
$1,000 in 1951 to
interest

1954,

and

bid

$2,000
for

in

less

1955

than

to

1958.

will be

par

fice.-

No

cost

of

9,

2.69%,

constitute

by

a

a

vote of 65 to

direct

and

cepted.
of

able from ad valorem taxes levied

The
approving
opinion
Chapman & Cutler,, of Chicago,

will

be

furnished

bidder.

the

successful

against

ing

supersedes

368,

p.

that

1531.)

given
.

.

.

in

all

cated

v.

1

of

therein,

Bond

eral

Bond
son,

Trustees, will receive sealed bids
until 4 p.m.
the

(CST) on Nov.,4 for
purchase of $300,000 not to

exceed

school

10,

3*A%
house

1948.

interest
bonds.

Interest

coupon

Dated

M-N.

Nov.

Denom.

$1,000. Due Nov. 10, as follows:
$10,000 in 1949 to 1956, $15,000 in
1957 to
1963, $25,000 in 1964 to
1966, and $20,000 in
1967
and
1968.

payment

bonds

168,

offered

on

1531—were

p.

a

Corp., Graham, Parsons &

Co. and Coffin & Burr, all of New
Co. of

Dallas, at a price of par, a
interest cost of about 2.209%,

follows'

as

$100,000 park improvement bonds,
No.

date

2.20s. due
•to
..

-

thereafter

255:

for

$90,000

and accrued interest. Bid¬
ders shall name the rate or
rates
of interest the bonds are
to bear,

and 1968.

par

not more than two-rates
of* in¬
terest in multiples of 44 of 1% will
be considered. The District; will

May 1, from 1949
inclusive, and $10,214s. due on May 1, 1967
on

1966

000

400,000

street paving

ries No. 256: for

•'

/

1

'*•

due

on

-11166

May

J968J

1 -from

inclusive,

214 s, due
'

-

011

bonds, se¬
$360,000 2.20s,1949

to

tend ; $40,000

May 1, 1967 and
'
'
''
'

irregularities,
bid most

District

and

to

the

accept

advantageous to it.
will

furnish

The

of the

free

the

to

Attorney-General of Texas,
Attorney-General of Texas,
Vandewater, Sykes, Heck¬ and of Vandewater, Sykes, Heck¬
ler
&
&
Galloway, of New York
Galloway, of New York
City. Enclose a certified or cash¬
City.
and

of

ler

Bond

Offering—Wilson

ier's check for 2% of the
par value
of the bonds bid,
payable to the

G.

County Judge.

Canal

Commissioners,

Hillsboro, Texas

Sa-

ville, Chairman of Navigation and
announces

Pre-EIeetion Bond

Sale
The
First Southwest Co. of
Dallas, has
—

that sealed bids addressed to H. L.

purchased, subject to voters'

Washburn,

proval at

County

Auditor,

will

be received until 11:30 a.m.

Nov.

on

4

for

(CST)
purchase of

the

issue

of

election

an

on

ap¬

Oct. 28, an

$90 000 street bonds at

net interest cost of about

$2,500,000 series of 1948 improve¬

$22,000 2 V2s.

2.94%,

a

as

follows:

ment bonds.

Dated

Dec.

1,

1948.

1,

$1,000.
Due
1949 to 1968.

must be in
of

1%

all

of

The

and must be
the

bonds.

interest. ^payable
tional

$125,000

office

! Bank

of

the

or

the
at

68,000

1962
1963

Na¬

Commerce

of

at the Chase National
NeW York City.
These
on

bid is to be

'Aug., 23, 1947>

1953

'•

Due

May

1,

fol¬

as

inclusive; $7,000 from 1959 to

or.

h^ld'

fol¬

as

in

and

Each
plainly marked on the

inclusive
and

000

$8,000

in

are

dated Nov.

Interest M-N.

Lake

Bond

and

1964.

All of the bonds

1, 1948.

bonds werfe authorized at the elec¬
tion

1954.

3s.

$5,000

lows: $6,000 from 1955 to 1958

County
the

and

for

,

Hou$t6n'
Bank 'bf

and

bid

same

Principal

at

inclusive,

Dec.

rate

Due May 1,

lows: $4,000 from 1950 to 1952

Denomina¬

multiple of Vs of 1/10

a

Treasurer's

•

'**

:

The

of the

tion

series

the

accept

purchaser the approving opinions

T exas

York, and the Dallas Union Trust
net

to

county will furnish free to the
purchaser the approving opinions

'

maturing in 1964 to
1968, being optional for redemp¬
tion on May 10,
1963, or on any
at

curities

and

County Houston Ship
Channel Navigation District
(P. O. Houston), Texas

syndicate composed
of Estabrook & Co., Equitable Se¬

Bonds

interest

19—v.

awarded to

a

bid most advantageous to it.

Sale—The $1,440,000 gen¬

obligation

Oct.

in

Harris

Dallas,

Alamo Heights Indep. Sch. Dist.

(P. O. San Antonio), Texas

irregularities,

Chicago.

TEXAS

Offering—A. E. Robert¬
President of /the Board of

taxable

property lo¬
within the limita¬
tions prescribed by law. Legality
approved^ by Chapman & Cutler,

(This report of the offer¬

must

as

These bonds authorized at

recent election

ac¬

about

general
obligations of the entire City, pay¬

any

thereafter

of

composed

52,

Constitution of the State
laws enacted pursuant there¬

ter

&

4Y2%

Sale—The

offered

awarded to

were

i>rm

the

on

Commissioners.

are

to,

Stuart & Co;, Lehman
Bros., Blair

been

Knoxville, Tenn.
$200,000 gen¬
eral improvement water revenue
^

Bond

..

numerical
or

syndicate

T exas

dated

are

approved

Centerville

Sept. 1 from 1953 to 1955

on

time

same

be

the

the

and

Additional Sale—The
$1,900,000
revenue
bonds offered at

the

by

issued under and
by virtue of Article III, Section

of

May

on

sewer

Gibson, of Austin.

re-

mu¬

the

valorem

property

Corp., of Nashville, at a price
100.056, a net interest cost, of
about 2.396%, as follows:
$20,000
214s, due on Sept. 1 from 1949 to
1952 inclusive,
and $15,000 *2%s,

numbered

option of the

inverse

1,

of

ad

taxes, levied

offered

legal opinions of Bailey, Voorhees,; about 2.739%, as follows: $28,000
3 l4s, due on Oct. 1 from 1951 'to
Woods & Fuller, of Sioux
Falls;
1953 inclusive; $52,000 2 V2 s, due
and of Dorsey,
Cblman,- Barker,;
Bids

from

ties

due

inclusive,

receive

obligations

payable

of

inclusive.

1949 to 1966

$94,000 2V4S, due
1, 1967 and 1968.

$1,000

payable at the Mer¬

general

City,

water

1306—were

p.

1 from
and
-

and

$35,000

must

These bonds

Offering—H. L. Washburn,
County Auditor, announces that
the
County Commissioners will

Greenville, Tenn.
Sale—The

and

for

cantile National Bank, Dallas. AH
of said warrants constitute direct

the Town Treasurer.

Bond

-

outside

furnished

Principal

.

(P. O.

works improve¬
bonds, series No. 257:
$846,000 2.20s, due on May

Harris

in

are

Interest

and interest

SOUTH DAKOTA
South Sicux Falls Sch. Dist,

water

ment

$300,000'- 3s,

$6Q,000 street improvement. Due
./■ 4j»12,000 on Nov. 1 from 1949 to
,

(1743) 1 59

Trust

Texas

Sold—The

3Y4% warrants aggregating $100,000
have
been
purchased
by
Rauscher, Pierce & Co., of San

$23,000

to

purchase these

Warrants

condi¬

so

to

be

derived from the operation of said
Urban system after the

and

State

a
waiver.
Enclose
a
cashier's check for $6,000, payable
to the District.

bonds,

revenues

Fund,

authorize

parity

provisions of the

authorizing

solely

on a

$22,000

1961,

940.000

bidder will be

Board, at its meeting on Nov. 8,
1948, will either exercise its op¬

thereof

are

tioned.
The right is reserved to
in 1962 and
in 1964;.. $24,000 in reject any and all bids and to sell
En¬
1965 and 1966, $25,000 in 1967, and all;or part of said bonds.
close a certified check for 2% of
$26,000 in 1968. Legality approved
the amount of the
bonds, payable
by Huger Sinkler, of Charleston.
and

1963,

the successful

the State Permanent School
and it is expected that the

prior pay¬
loch, Huger & Co., of Charleston,
ment from such revenues of the
as 2%s,
at a price of 100.024, a
reasonably necessary cost of op¬
basis of about 2.498%; Dated Nov,
erating, maintaining and repair¬
1 1948.'Interest M-N. Due Nov. 1,
ing the system. The Town will
as follows: $16,000 in 1951,. $17,000
in 1952 and 1953, $18,000 in 1954 supply the approving opinion of
Chapman & Cutler, of Chicago,
to 1956, $19,000 in 1957 and 1958,

$20,000

the

printed bonds and a
certified transcript of
proceedings,

system of the Town, lying within

(P. O'. Sumter),

17

No.
*

'

CHRONICLE

interest payable at the First required to secure and
pay for
National Bank, Dickson (without/ such
approving opinion as his bid
deduction for exchange charges or may
specify. In the opinion of
collection fees). The bonds are is¬ Counsel, these bonds are
eligible
sued for the purpose of construct¬
for purchase by the State Board
ing additions, extensions and im¬ of Education /for the account of
provements to the Urban

SOUTH CAROLINA

FINANCIAL

and

by the First Boston Corp., of New
York; as previously rioted in v.
at a

furnish

Principal

refunding bonds purchased as 2J/4S

168,

No bid

will be accepted for less than
par
and
accrued
interest.

IDetails—The $500,000

Bond Sale

COMMERCIAL &

interest cost to the Town.-

APawtucket, R.

■

*'

THE

Jackson,

Sale—An

water

works

Texas

issue
and

of

t

$100,sanitary.




THE

COMMERCIAL

&

FINANCIAL

CHRONICLE