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J
v.,<y,
9
OCT 2
:'-:W
ADlL
©US.
ubrary
MONDAY
Volume
162
Number 4433
New York, N.
RAILROAD
PUBLIC UTILITY
-
Abbott Laboratories, Chicago—To Build New Plant—
'
:
This
company has broken ground for a new building to cost
approxi¬
mately $100,000 that will be used to produce streptomycin, a new
drug, which, like penlcilin, is produced by mold fermentation.
' At-x*
This is the first step in an expansion
program
that, will involve
expenditure of $1,000,000,to $1,200,000.—V. 162, p. 1385. 11
Acme
Steel Co.
tax
refund
excess
normal
for
'Reserve
Net*
profits
post-war
Federal
Net
profits
and
•The
above
220,462
outstanding
i---
Aerovox
',Burr
$0.46
renegotiation
Corp.
proceedings
which
Stock
—
taxes,
$314,100;
of
stock
at
have
been,
or
&
p.
capacitors,
1633/
of
the
Co.,
underwriting
Inc.;
known
Crowell,
also
'
dent1*
S.
Keeler
succeed
to
two- years
.
—Vi. 162,
All
he
f
excess
issue
$1,552,928;
surplus,
1625.
p.
-A
•
include;
Hirsch
&
i
-
•
•
.
System,. Inc.—V.
&
electrical
Co.;
■>'•
New York
New
the
has
late
been
Fall?,
T.
K.
'...
•
N. Y.,
Jackson
District
(Stocks).
Exchange
__
In
/
'
'
•:
said
-
has
of
Manager
been
Detroit Stock Exchange...
Mobile,
of
the
Ala.
For
company
the
at
last
•'
.2047
Pittsburgh
Stock
Exchange
Montreal
Stock
Exchange...-.^.
Curb
Toronto Stock
pe/ share
cents
20,
last.
Payments in
-
1944>
like
its
those
the
facilities
kitchen
General
sinks
and
sinks
in
Man¬
cabinets,
/
organization,
manufacturers,
produced
management,
and
view
the
have
the
he
,
.
company
increased
cabinets.
of
com¬
equipment
Sa.es
models..
pre-war
other
pract.cally
household
on
Hastings,
distributor
of
last
we
plant
production
Fred
than
more
to
its
in
C.
However,
pricing'
present
absorb the increased costs so
long as we possib.y can.
first production of sinks and cabinets will be made' avail*
A'
''
1762.
p,
.'A.
'"''-A
\
,
'/'■'■"A' i;'v.'v--'',''
Inc.—Acquisition—
company fhas acquried the business of the Certified Gauge &
Corp., of Long Island City, New York, the principal prodwhich is a pressure
gauge with a
new patented
mechanism
of
the
Helicoid movement.
It was developed during the war and
being used by the Army and Navy.
Manufacturing will continue
the Long Island City plant under the name
Helicoid Gauge Divi¬
sion, American Chain & Cable Co., Inc.—V. 162, p. 1274.
Exchange...
Exchange—Curb Section.
Stock
and
Bond
at
American Colortype Co. (of N. J.)—Calls
5% Pfd. Stk» ;
.2048
All
.2049
Averages..
:
is
of
called
Over-the-Counter Markets..
i. .2051
Transactions New York Stock Exchangers .2035
Transactions New York Curb Exchange... .2035
Allied Chemical & Dye Corp.—Secondary
Offering— ;
Dillon, Read & Co., Inc., on Oct. 25 made a secondary s
offering of 36,000 shares of common stock (no par) at
$174% per share, with a commission to dealers of $2.10 .■;*
2
Exchange.^..^........... .2050
Toronto Stock
.
Aug.
all-steel
new
no
bulletin
:%•»'.;(/
called
.2050
Montreal
of
162, p. 345.
October 1941 prices.' —V. 162,.
The
.2048
Mobile.
Inc.—Secondary Offering—*
Blyth & Co., Inc., on Oct. 18 offered 20,000 shares of
common stock
(par $1) as a secondary distribution at 1
$10 a share.—V. 162, p. 1385.
;
-1,. >
at
of
be
month,
The
cost
costs,
.
uct
:
.2048
Exchange^.—
dividend
Instrument
.2048
St. Louis Stock
and
American Chain & Cable Co.,
.2047
Angeles Stock Exchange^
Philadelphia Stock Exchange.
named .Vice-Presi¬
"our
obie
\
Cleveland/Stock Exchange...^:....Al 2046
-
will
to
Therefore,
.2046
Los
:•
..
5.
20
share.—V.
should
the
of
special
a
policy,
Cincinnati;Stock Exchange..-\ir .2046
'
Nov.
reconversion
company
end
; substantially
since
■it Is the 'desire of
_
Chicago 0toclc Exchange__..^._._IX_
.
a
extra
dividend of 18 oents per
capital stock, both payable Nov.
Regular distributions of 4 cents each
an
the
on
May
20,
cents per
announces.
-
revealed,
,
.2036
^
Feb.
26
declared
and
profits
record
necessary
the
the
ager,
.2025
(Bonds)
York Curb Exchange
.2040
Baltimore Stock Exchange.^-1%:u_^. .2045
Stock Exchange
.2045
_—l
Aviation,
r
Stock Exchange
of
on
to
before
Page
New
f'"*
American
With
•
•
Little
of
-."'w:'"
York Stock
made
pleted,
•
' .-v
•
>'
Boston
condensers.*-*V., 162,
holders
17
income
realized
American Central Manufacturing Corp.—Production—-
.
Stock and Bond Quotations
v
Oct.
on
investment
amounted
issue
•
>
.
corporation
net
\Vere
This
1.
p.
American Business Shares, Inc.—Extra Dividend—
share-from
in
159,
i-
The
bXf:
!„'•■.!'
*
.
20 to
Co.,'
--.v.
total,V'
$1,301,065;
-
-
Broadcasting System, Inc.—Chairman Buys
Edward J. Noble, Chairman of the
board, has purchased the stock¬
holdings of Time, Inc., and of Chester J. LaRoche, advertising executive, in ; the company. - Time,'; Inc., and
Mr; LaRoche
each
owned
approximately 12Va%
of the total stock
of American
Broadcasting
'
profits -taxes/
$7,217;
common
stock,: 100,000
2,245 reacquired shares of treasury
(less
($10
common
;
Z.,' ■ -
8
1505.
p.
•
shares
par)
Stock—
v
from
Alabama!-'Power Co.—New Vice-President—
Flank
and
83,547
($1
American
deferred
contingencies,
$27,078);
160,
income
Co.—Registers with SEC—
registration
statement
with
the
SEC
fpar)
prior preferred stock and 375,971
a
stock.
The company said that no puolic
is contemplated, as they are to be exchanged
for .shares of convertible preference stock
outstanding.—V. 162, p. 1882-.
>
Weedon
■.
•
of
$5,638,893.—V.
A
—
group
fixed
as
"V
.*»-v
'
shares
filed
offering of these stocks
be,
may
,
.
-for
value
par
cost
328,103
being offered, 100,000 shares are being sold by the
company
and ,,76.025
shares
are
beipg sold by certain individual
shareholders, hot part of the managememnt.
s
The company, since 1922, has been a manufacturer of various types
of
no
Federal
has
company
covering
'
special
payable
$168,129;
reserves
shares
!
shares
the
$17,570), $1,200,449;
(at
$152,485;
American Bantam Car
The
\
f-Z $1,47'.{m
$1-51
665.,
Offered
,
Of
of
MISCELLANEOUS
-
'
;
•
Copy
a
accounts
(banks)i $990,000; - accounts payable,
royalties,' commissions, etc., $1,355,454;. accrued miscel¬
wages,
& Co.; '
& Co; Courts & Co.; Sidlo, Simons, Roberts & Co.; Mercier,; McDowell & Dolphyn; J. J. B.
Hilliard & Son, and Mason Bros.
;.
>•s
'
•' ,M, •
H Taussig,-. Day
>"J
1945
and
2%
S.
(securities
value),
laneous
483,902
328,103
:'ti
Co., Inc.; Bond & Goodwin, Inc.; Baker,: Simonds
Torreyt A. M. Kidder & Co.; Loewi & Co.; Weil
&
accounts
30,
notes
contingencies which has been provided for in thd.;
will, in company's opinion, cover any reduction in.
members
&
Cohu
$500,000;
accrued
banking group
headed by Ames, Emerich & Co., Inc., and
Dempsey &
Co., Chicago, on Oct.-25 offered 176,025 shares of common
stock (par $1) at $9.25 per share.
*'
Other
U.
JUNE
for"
statement
to
495,558
984,324
——-
Instituted by the Government.—Vi 162, P»
:
cost,
LIABILITIES—Notes
1,240,997
220,462
137,889'
112,500
450,995
due
SHEET,
acceptances,
$10,978; goodwill (in purchase of subsidiary), at
cost, $19,217;
charges. $31,863; total, $5.688,893.v
-
1,378,886
137,889
1,132,567
220,462
_
_
share—
per
reserve
profits
trade
.
for doubtful
reserve
INSURANCE
-
Treasury bonds .(series of 1952-54),
cost),s $9,328; life insurance (cash
deposits and post-war refund of
excess
profits taxes; $87,751; property,? plant, and
equipment (net),
$1,861,555;; patents
and
development )(at
cost,
less
amortization),
at
surrender
$2,083,250
125,841
1,307,267
tax_____
surtax
contingencies--
shares
profit
1943
$1,848,587
1,258,408
>1,452,513
145,251
profit
Capital
?.
1944
BALANCE
$258,777;
(after
inventories,. $1,556,489;
'
$2,091,219
-
excess
Less
Net' Federal
1945
-
CONSOLIDATED
Price 60 Cents
...
profit
Federal
INDUSTRIAL
-
ASSETS-r-Cash,
receivable
(& Sub.)—Earnings—
Quarters Ending Sept. 30—
Gross
Y., Mondays October 29, 1945
the
outstanding shares of
redemption on Dec. 31,
for
accrued
dividends
Irving Trust Co.,
Immediatedividends
.2035
Dec.
of
$5
payment
to
surrender
said
5%
preferred
stock
have
been
next
at $105 per share,
plus
Payment will be made at the
1 Wall St., New York, N. Y.
of
of
31,
share.
per
full
the
1945,
shares
of
will-
redemption
be
stock.
made
-v'
^
price,
plus
accrued
presentation
upon
7,
'
and
;
„
The shares
share.
per
Orlando F.
from
are
the
estate of the
Current Sales Lower—
Miscellaneous Features
late
Weber, former Chairman of the Board of the
company.—V. 162,
1385.
p.
\
has
company
shares
of
called
for
,
redemption
its
Nov. 23, next, 100,000
convertible preferred stock,
1882.
'
"»
' '
"
'
■J"
.
*
.
*•
m
Foreign Exchange Rates..
r
Combined
Years Ended June 30—
Net
«f
^
*
•
Condition
r
Cost
sales
of
1945
1944
Federal
Int.
Statement
of
1945 :
:
1944
1943
1942
$405,245.
$353,725
$356,175
102,170
103,480
;
$334,349
v
accrued.^
or
64,538
7,777
7,365
$382,231
in
rec.
47,883
$469,783
$463,672
$467,020
securities.
7;
Total
Exps.,
Int.
Member Banks of
System.
reed,
Divs.
2058
Statement of Federal
Banks........l...
..2058
Reserve
European Securities Co.—Earnings—
9 Mos. End. Sept. 30—
divs. recd..i.
:
incl. misc.
paid
Federal
taxes;;
28,992
.
accrued.__
or
income
r.
.
4|>
I
25,302
22,044
26,817
28,139
48,920
58 500
;
23,303
tax—.
__2059
>,
22,446
:
Capital Flotation for
4
.
;
!
Months
of
September and
'Net
Nine
1945
income
$329,936
177,550
"
Pref.
stock
dividends
Com.
2054
stock
dividends..:
88,625
$368,744220,230
'
$354,989
225,000
.
88,625
;
$414,918
225,000,
•
53,175
88,625
$76,814
$101,293
,
'v
Gross profit from sales—
$1,792,998
Selling and general expenses—1,250,132
$2,558,502
Balance,
$2,546,980 V
' M,081,216
Other
profit
Income
Gross
Other
Prov.
■:
sales..—$542,867
i-.--
$593,051
•>
—
1
deductions
of
profits
Fed.
and
$1,587,856
91,034
'
of
'
!
314,100
American Airlines, Inc.—Traffic Increased—
I,
A
total
company
274/z%
1,045,721
The
"■*
of
1,070,635
Net
profit
on
$171,030
-
.
—J——'
Earnings per share
capital stock
'
53,803,
$1.75
$294,091
$387,638
59,418
$2.97
72,333,865
a
its
revenue
nation-wide
year
ago.
•
..
59,433
$3.91
»
,
*
over
September,
miles
passenger
system
in
were
September,
v
flown
an
this
by
increase
of
1944....
145,098
»
7
7
passenger^ an
/
A.
-
increase
:
.
*
pound
in
freight
September.—V.j 162,
p.
a
for
of
"regulated
Federal
pound
1634.
than
and
the
offset
tax
bonds
on
tax
capital
loss
delivered
present
sales,
intention
securities
to
used
was
7
to
elect
provision
no
in the
1943 and
in
identified
:
of
A.'
RAILS
Municipal Bonds
$478,928
securities
on
mad©
of
capital
..
•
losses
sold
is
for
cAllen
&
DEPARTMENT
Compan y
$15,240;
at
cost,
total,
$8,466,621;
Established 1922
80 BROAD
Telephone:
STREET
HAnover 2-2600
in
I
STOCKS, INC.
,
PROSPECTUS ON
REQUEST
INCORPORATED
^Membert
45
NEW YORK 4, N. Y.
Bell Teletype: NY 1-578
YORK
New
York
NAS8AU
Security
Dealers Association
HUGH
W.
LONG and
COMPANY
INCORPORATED
STREET, NEW YORK 5
Telephone
Philadelphia Telephone
REctor 2-3600
Etiternrlsp WI15
:
,
Bell Teletype
Now York 1-576
'■■
;
;
cash
$8,549,492.-
DIVERSIFIED
Kobbe, Gearhart & Company
more
Federal
.;
INVESTMENT FUND
INDUSTRIALS
MUNICIPAL
~
'
.
been
has
t
taxed
SHEET, SEPT. 30, 1945
securities,
NEW
-A.
ELECTRONICS
by
de-
be
SPECIALIST IN
FLORIDA & NEW JERSEY
to
income.
.
interest,
of
$220,212
securities,
against
company,"
gain
BALANCE
accrued
1944,
the
sales of securities.
the company's carryover
ASSETS—Investment
„
-
sales
on
in
of
cost
purposes.
:
$67,630;
net
1945
on
$59,889:
$366,772
actual
investment
net
to
1945,
company's
income
by
$63,761
regard
The
gains and losses
view
income
"
in
1942.
NOTE—The
miles flown in September, 1945, were over two billion,
a
15 Va %
increase over a year ago.
Express pound miles were over
509,500,000.
The line flew more than 708 million air
miles
tin
as
without
$478,928
in
certificates
termine
A
>
.
corporation in September carried
29%
Mail
Dividends
of
over
over
——.
""r''
:
stock
>
129,583
61,800
excess
taxes
$404,871
.-J.'
I
■
—
income
$1,492,646
107,921
through renegotia-
profits—
for
$1,477,286
$1,568,386
15,360 1
19,471
50,185
—-
income
for refund
tion
Prov.
.....
on
surplus.—.
•Computed
978,594
amount
Net
29,656
_
1943
-
$11,332,297 $11,577,228 $10,291,477
9,539,299
9,018,725
7,744,497
————-
-
7
(& Subs.)—Earnings, etc.—
'
sales
1945—9 Mos.—1944
$2,949,780 $11,684,454 $10,787,471
V-:,
Ir.c.—Cash
Condition
Reserve
»
*
American
Redemption Calls & Sinking Fund Notices.2059
Dividends Declared and Payable
__...._.2059
The Course of Bank Clearings
2053
on
"
Aluminum Industries, Inc.
1945—3 Mos.—1944
$2,676,967
_■
■
outstanding 4% cumulative
$100 par value, at $104 per share and accrued dividends of 88 cents
per share.
Payment will be made at the Guaranty Trust Co., 140
Broadway, New York, N. Y.
Each called share rr.ay be converted into ;
2'/2 shares of common stock on or before the redemption date.—V. 162,
p,;
End. Sept. 30—
^orders booked)
l#2, .p. I882.V ,:v
__
Allis-Chalmers Mfg. Co.—Partial Redemption—
The
Period
Sales
—V,
J; General Corporation and Investment NewS.2009
State and City Bond Offerings and Sales.!—2066
48 WALL STREET
634 SO. SPRING ST.
NEW YORK S
LOS ANGELES 14
banks,
-
on market quotations on Sept. 30, 1945, the value of
securities was $12,614,402, which was $4,147,780 in excess
of their cost.
Investment securities having a market value of at least
150% of the outstanding bank loan are deposited with the Guaranty
Trust Co. of New York as collateral.—V. 162, p. 1162.
NOTE—Based
'
'
2,000
Parker,
Redpath
stockholders' meetings for approving the merger were an¬
follows: Armco, Dec. 7 for holders of record Oct. 23 and
Rustless Dec, 28 for holders of record Nov. 28.
The merger Is to
become effective at the year-end.—V. 162, p. 1507.
Blair
Inc
and
Co
11,000
-..
3,500
—
.•
Central Republic Co. (Inc.)
v
■
$
revenue-
19,832,304
36,053
revenues-
19.796,251
18,977,301
expenses,—
taxes ——
11,759,437
5,604,225
10,938,981
5,962,574
revenues—
oper.
Operating
Operating
Operating
.
oper.
income
2,432,589
2,075.746
16,277,265
535,356
358,678
84,364,191
The
81,762,596
—V.
162,
1883.
p.
wais
$115
at
PRESENT
TO
EFFECT
par)
-
:
stock,
($1
par)
10,
manufactures
railway
with
ness
The
motive
companies
the
and car
trawlers,
steel
are
parts,
sold
for
the
war
During
use
on
naval
forgings,
cruisers,
The
ments
487,968
4,802,400
33,700
59,500
600,000
2,500,000
Baltimore
;
Cr378,000
•
,
$6,369,407 <$8,626,515
$3,359,463
•
■
•.
;
boilers
marine
$5,031,592
output' ot
the
$8,664,667
83,359,468
electric
the
86,324,000
of
$6,626,515
$5,051,592
and
forgings.
of
properties
company for the
decrease of 15.74%
corresponding week of
this
Ry,
kwn.
for
tne
10,5 1945.
Similar distributions
this year.—V. 162, p. 2.
Sept.
June
Canadian
subsidiary,
Locomotive
Montreal
Arizona Power
were
made "on March, 31
and
—V.
Co.—Initial Preferred Dividend—
Oct.
on
declard
23
CoriL,
Manufacturing:
Lima,
-
^
■
extensions,-; machinery,
plant
for
balance for working: capital.
orders
which
on
hand
and
000 orders for the company's regular products.:
000 orders,
Canadian
approximately $42,000,000
Governments
for
trustees-
Associated
the
of
Gas
'.
•:
.
,
,
..
and
the
export
Oct.
were
to
15.
1945
$1,300,000
was
Of the latter $88
The
latest
The
repre-
aoproximately $88 700
-
70o'-
from the United States and
Europe.
Seaboard
:(li
in
scheduled
(3)
Distribution
income
llSTING—The
New
York
Stock
common
the
stock
Exchange,
presently
and
the
engage
the
com¬
outstanding is lis^rf on t^e
listing of the 400,000 addi-
iirst
(a)
$133.33
the
court,
bonds
by
a
of
and
and
;
in
(b|
first
lien
up
eacn
cash,
less
$200 new
Florida East Coast
»
.
$1,000 principal amount of Florida East
mortgage
5%
bonds of ■ the following:
any
interest payments authorized by
first mortgage fixed interest 3YzVe>
future
divisional
Line, maturing Jan. 1,' .1971, and secured
Florida East Coast Line,
(ci $250 new divisional
Coast
on
mortgage
Railroad
(e)
for
refunding
Atlantic
cumulative
Line
first mortgage bonds
obligations.
trust
equipment
4V4%:
contingent
interest
bonds,
from
dealers
for lenses and
due
Jan.
1,
2021,
12a/4%, (d) $200 par value of new Atlantic Coast
non-voting 4% preferred stock, cumulative up to 12 %,
to
$133.33 par value Atlantic Coast Line common
stock.
Steel. Corp.—Report for Third Quarter—
President, states:
'
for
to
or
plaim
for that quarter,,
In computing the
periods since the beginning of 1940 for
£57,592,911 was deducted from income
for periods prior to the third quarter of 1945 on account of amortiza¬
tion
of
such
facilities.'
Upon the termination of the amortization
been
period
for
provided
taxes
as
deductible
of
income
from
deducted
amounts
Federal
j
'
cash.
in
production to meet demand
equipment.—-V." 162, p. 779.
the. provisions
East Coast in connection with
Ry. System.
Assumption by the consolidated company ®f
:(2)
given of the extent to which the unfilled orders will
pany's production facilities.
any
by Florida
and Southern
in
as deductions from income for amortization under
of such Section .124 aggregate $124,012,240, In respect
of
which
provisions for amortization aggregating $79,874,770
were
deducted from income for periods prior to the third quarter of 1945
and
a
provision for amortization in the amount of $44,137,470 has
expect
Proposed—
for:
calls
plan
Ry.
expansion program
_
merger
Line
$6,000,000
expended from Jan. 1, 1940, to Sept. 30, 1945, inclusive,,
emergency
facilities and, which they, respectively, have claimed
v
Payment of outstanding Florida East Coast
full
Coast
for
Air
a
panies
A proposed plan of
providing for a
Opticki Co^—Plans Expansion—
announced
the 'United States on Sept. 29, : 1945, proclaimed the
for the purpose of Section 124 'of the
deals
with
the -right to amortize
emergency facilities
as therein .defined, .and the corporation or • its
subsidiary companies expect, in- accordance with the provisions of that
section, to exercise their right to terminate as of Sept. 30, 1945, the
amortization period with respect t? most of the emergency facilities
constructed by them " respectively, since Jan. I, 1940..
_
.
The total
amount which
the corporation and its subsidiary com¬
8c
Atlantic Coast Line RR.—rMerger
unfilled orders on hand at Oct 15
1945 is June 30, 1946.
The full manufacturing facilities of the com¬
pany would not be required to complete all such unfilled orders bv
that date, but because the company's operations vary with the special
requirements of particular orders, no more precise indication can be
completion date
of
at
approximately
$643,148
$1,072,202
The President of
'
to; and from points served
of
$513,921
25,821
ending .of the emergency period
Internal
Revenue
Code,
which
electric
V., 162, p. 1883.
<
lenses
new
E. G. Grace,
Electric Corp. report that
output of the Associated Gas & .Electric Group for the
week ended Oct. 19, 1945 amounted to 123,041,862 kwh., a decrease of
1,949,880 kwh., or 1.5%, from the corresponding week cf last year.—
;
for
years of
scientific
Associated Gas & Electric Co.—Weekly Output—
The
the
Works,
utilized
will, be
proceeds
...
>
(including $196,000,000 of products normally manufactured
under war contracts) and $292 000 000 were
products related to the company's normal commercial business
unfilled
429,054
$74,320
201,583
during the war.
Carl Hallauer, Viceexpansion is necessary because of the pent up demand
and spectacles.
He added that it will require three
JBethlehem
by the company but sold
of
''411,655
$844,798
O.—Registers
with the war
$90,000,000
$925,576
46,585
•
$6,200,000 spent
the
to
President, said
hi
has
company
addition
reorganization for the Florida East Coast Ry„
of that company into the Atlantic Coast Line
RR. was presented on Oct. 23 to the Interstate Commerce Commission,
by the Atlantic Coast Line RR. ' The plan also provides for protec¬
tion
of
employees who would be affected by the merger, and for
maintenance of
existing joint through-routes via Jacksonville, Fla.,
value
$120,91)5
45,991
•
162, p. 1508.
The
initial dividend of 97.2603 cents
an
corporation has registered 100,000 shares 6% cumulative con¬
vertible preferred stock (par $51 and. 100,000 shares common (10 cents
par) with the SEC.
The offering price per unit, consisting of one
share of preferred and one share of common, is $5 a unit.> The under-;
writers are Kobbe, Gearhart & Co., Inc., and Newburger & Hano.
The
and parts and steel-tired wheels for
Certairj products of the Alco Products
orders for specialized war products
$115,474
inccme
Net
The
are
also manufactured.
During the war Montreal Locomotive
Ltd. also made tanks and gun mounts, machined shell forgings,
Company's other subsidiary. American Locomotive Export Co.,
Inc., manufactures no products but acts as sales agent of the company
for certain foreign sales.
During the period 1940-1944 inclusive, the company and its Cana¬
dian subsidiary manufactured products
of a value of approximately
$1,156,000,000, of which $864 000.000 were products directly connected
dollar
900
fixed
for
*
with SEC—
etc.
The
avail,
Inc.
'v charges, i
Y-i'Ji.—
Total fixed charges——
on
Artkraft
Works,
approximately
23,919
14,410
<
the preferred stock, representing the accrued dividend
from Aug. 22 through Oct. 31, 1945.
The dividend is payable Nov. 1
to holders of record Oct. 20.—V. 162, p. 1274.
share
per
division
eented
22.378
$772,006 :
114,302
39,°68
9,
The directors
locomotives
service.
$96,086
-
(net)
income
Bausch & Lbmb
and
railroad
1,778,221
$78,686
income
(net)__—_
income
4,411,142
1,883,276
$69,483
operating
Other
$7,034,161
5,199,840
168,724.
111,692
Railway tax accruals—
Rent
$7,855,122
470,011
;
488,937
expenses-/—
oper.
$734,821
$679,315
revenues-,—,
oper.
_
gun
company's
engine
Aroostook RR.—Earnings—
1945—Month'—1944 • 1945—^ Mo$.—1944'
Period End. Sept, 30—
Ry.
1883.
162, p.
prices
2.25 to 2.40%, subject to approval by the Inter-,
state Commerce Commission.
The concession to dealers
is V2 of 1%/—V. 162, p. 1883.
20, 1945 totaled 72,735,000 kwh.i a
output
99.729 and a rate of 2ys%. The
half yearly installments from
to .yield
Bangor
ended Oct.
series P
Halsey, Stuart & Co.,
1, 1946 to 1960.
The last four maturities are being reoffered- at
of 30 cents per share on the outstanding 6%
cumulative preferred v
stock, par $10, payable Dec. 1 to holders of record Nov. 11.
They
company will pay the 3%
Wisconsin Privilege Tax." ;
The company on Sept. 29, last, paid a dividend of '10 cents per
share on the common stock, par $2.50 per share, to holders of record f:
heavy
produces steam
Bros.- & Hutzler
their bid of 99.28 for a 2% rate.
1634,
p.
Certificates—The'com-'
Nov.
2,21*5,260
sold
162,
;
Ohio RR.—Sells
&
Inc., named a price of
certificates - iriature in
2,500,000
>
diesel-electric passenger loco¬
pany on Oct.' 25 awarded to Sjilomon"
and Stroud & Co. $3,450,000 equip, tr. certificates
on
30,000 f..
98,000
2.700,000
front the Central RR. Co. of
has received'an order
company
,
1650.
Works—New Equipment Order—'
Baldwin Locomotive
The
3,551.400
Cr916,200
Cr882,000 Crl,072,800
prof, tax
taxes—
& conting.
1945.—V;'161,'P«
Sept. ;30,
on
rNeiy Jersey for three 2000 horse power
motives.—V. 162, p. 451.
American Water Works & Electric Co., Inc.—-Output—
the company was a large manufacturer of tanks,
tank parts, gun carriages, diesel engines for United
vessels,
of
$30,774,605
Ampco Metals, Inc.—Declares Usual Pfd. Div.—
On Oct. 18, the directors de'Cl&red the regUlar semi-an'nual 'dividend
rotor forgings for turbines, turret rollers for battleships
shells, fragmentation bombs, and other ordnance items.
classes
all
'" *
$1.78
,
Ry.
dredges,
ferryboats,
485,230
$1.69
,
The
on
other
tugboats,
865.538
487,847
—
Sept. 30,
' *
r...
•
5,580,0()0
4,537,800
Net profit' —-r——v
war
destroyers,
States
Ltd.,
period.
the
exc.
war
1944,—Y;
and Coast Guard and naval craft.
manufactures pressure vessels, tubular
division
Products
and
860,859
1.
after provision for 'taxes--,:
Axe-HougrhtOn Fund, Inc.—Asset Value—
net asset value of company amounted to $17.36 • per share on
1945, as compared with $16.84. per share on June 30, 1945,
and
$14.84 per share on Sept. 30,
1944, based on preliminary un¬
audited statement
of the condition of the fund on Sept. 30, 1945.
Common stocks comprised the principal portion of the fund's invest-
1942
1943
.
$21,208,035. $40,53?,942 $31,262,574
443,628
106,426
110,980
,
profit
under
equipment supplied to petroleum refineries and synthetic rubber plants
tank
v
Cr747,200 Cr2,8U,800 Cr2,022,000 <
——
credits
Power
doing busi-
from
either
restricts
.1945
,
,1944
$39,292,492 $42,571,957
sales
Coriimon shares outstanding
Earned per common share.
—V, 162, p. 1883
•
12,500
Calendar Years-
1944
debt
taxes ■
ments
week
equipment, heat transfer equipment, fabricated steel plate and pipe
for the
petroleum, chemical, food, paper, power, marine,'* municipal
and .other related fields.
These products include a large amount of
in
Net profit
barges
tankers,
towboats,
Alco
The
2,000
excess
income
Net
passenger,
25 cents' a.
B, payable
.
1
•
Net
Gairji oiv ecurity invest¬
and freight cars and for general use, loco¬
wheel tires, steel-tired wheels, steel ingots, continuous
diesels
Marine
etc.
;
passenger
pressed
rings,
V;
$16,287,776
—
Si
Candian
Other
-V.
..
RESULTS FOR NINE MONTHS ENDED SEPT. 30
3,000
Co.—
...
.
2,000
& ■.Co.'—-*--
,.
,
9,000
.
193,300
inc.
Prov. for
products for railroad
equipment and industrial use,
t\
The diesel engine division manufactures high and low speed diesel
engines for railway, stationary and marine service.
Company's sta-,
tionary diesel engines are used in industrial and other power plants,
including plants for hospitals, department stores, apartment buildings,
pipe line pumping stations, refrigeration plants, irrigation projects,
rolled
-
refund .&
Post-war
division, manufactures steel springs for
Steel-Spring
for
Loeb
&
$15,976,997 $30,798,996 $39,637;733
310,777
409,039
: 895,208
opera
income
profits
others.
Railway
locomotives,
Kuha,
retirement allowance-
customer
between
agreement
Dulles
Wurts,
——
charges
Canadian
for the entire locomotive. The electrical
equipment is manufactured by General Electric Co., whose warranties,
which cover material,
workmanship and patent infringement, run to
the company.
Company and General Electric Co. collaborate in pro¬
duction schedules and. research and share in advertising expense.
No
the
to
&
from
Post-war
grade locomotive forgings, and snow plows. Diesel-electric locomotives
are
the Joint product of the company and General Electric Co,, and
are
sold by the company as "Alco-GE" locomotives.
Company man¬
ufactures the chassis and diesel engine, and assembles and takes re¬
sponsibility
2,000
.
freight, switching\
use,
and for general industrial yard service.
It also
various locomotive accessories and parts, especially high
for
locomotives
terminal
and
9,000
Si
Witter
Ardmore, ^a.—^Dividend—Earnings
directors on Oct." 25 declared -the .regular' dividend of
share-on-5% convertible preferred stock, series A and
Deer. 1 to holders of. record-Nov. 15.
Rrof. before inc. taxes $16,094,468 $30-,784,407'$40,426,515 $31,151,592
1,603,500
' 1,806,600" < 1,558,600
Federal income tax——
788,400
Fed.
excess
17,472,000 ; 28,121,000
20,860,000
7,657,100
profits tax
V
Insurance
the Marine
of
The
disc..$120.384,613$312,722,342$428,905,6565302.492,425
sold
100,006,554 273,900,006 382,548,952 265,809,314
gen. exp.
4,401,061
8,023,339,, ,6,718,970.
5,908,500!
goods
serv.
Total
manufacturers,
diesel-electric
of
Other
acquire the properties and business of
including the Schenectady (N. Y.)
to
(The) Autocar Co.,
2,000
Co.—-
o nnn
Manager
Co.—See
2,000
.—
Dean
2,000
as
Corp.—-Interested in Indian Motdcycle
incorporated, in
BUSINESS—Company. was
&
190L
Inc
Harold E. Wood & Co—,
-
resigned
the Pacific
Atlas
less
sales,
Profit
New York-.
eight loco¬
Locomotive
Works, which had been in the business of manufacturing locomotives
since 1848.
Since organization company has acquired the properties
and business or the stock of several other corporations, all of which ,'
are
now merged
with the company - except for Montreal (Can.) Loco¬
motive Works. Ltd., a wholly-owned subsidiary.
'
y
The locomotive division of the company manufacturers steam and
HISTORY
motive
—.—
Co.——
Si
9,000
r>n
Insurance
with Miles
division of the
th^t company below—V. 162, p. 77&
9,000
—
companies.
Mr. Small recently
9,000
2,000
Assistant General'Manager of the Pacific
as
Department of Balfour Guthrie & Co., insurance agent on
Coast.—V. 161, p. 2214,
2,000
Trask & Co.
Wagenseller & Durst, Inc.
White, Weld & Co.——_
Whiting, Weeks & Stubbs
&
Space
other income—
200,000 shs.
11,779,076 shs.
York
11,000
Spencer
June 30, '45
.
June
5,000
the
1945
9,
Lane,
Blodget Inc.
Si Co.,
Sutro
9,000
that Herriot Small
1, 1946.
He has
the Atlantic organization on or about Jan.
join
two
and
Webster
Stroud
9,000
6 Months Ended—
authorized preferred stock was reduced by
11,954 shares which had been retired on May 1, 1945 through the
operation of the sinking fund, the reduction being effected by the
filing of a certificate of reduction of capital with the Secretary of
State of the State of New York.
.
I
H i\.t" I ■
t At a special meeting of the stockholders held Oct. 23,
1945, the
1,383,832 authorized shares of common stock (no part
(stated value
$1 per share) were changed into a like number of shares of common
stock
(par $1), and the authorized common stock was increased by
400,000 shares from 1,383,832 shares to 1,783,832 shares.
' , v. a". ■■
^Exclusive of 4,756 shares held in the treasury but including the
400,000 authorized but unissued shares of common stock now offered.
July
•On
F.
Co.—_ 11,000
&
Barney
&
Stone
2,000
Vice-President—
announced
CONSOLIDATED INCOME STATEMENTS
Gross
Cost
r
3,000
Stein Bros. & Boyce———
11,000
"•}
President,, has
Witxter.
D.
appointed Vice-President of both the Atlantic Mutual
Co. and the Centennial-Insurance Co. and will be associated
Si
Roberts
,
2,000
Smith,
3.500
Si Weeks
',
;
j
*335,307 shs.
1,783,832 shs.
-
tCommon
P:'■■'Co.
Inc.-:
Co.,
Outstanding
,
11,000
&
i„u«~f.
FINANCING
Authorized
•
($100
Sidlo,
Johnstmn Lemony Co.A. M. Kidder & Co.——— ; 2.000
3,000
par
stock,
preferred
cumulative
2,000
Hutton & Co.——-
Adm.
GIVING
CAPITALIZATION
Co.
Corp.—
&
1
v
been
3,000
Sachs
Johnson,
stock.,
preferred
retire
Co.—
9,000
E.
will
9,000
Rothschild
Hornblower
share and accrued
per
redemption of $12 460 100
The
Rollins & Sons, Inc.
F.
(Inc.)
Hayden, Stone Si Co,__„
Hemphill, Noyes Si Co.—
Henry Herrman Si Co.—
dividends.
value of preferred stock will reduce
the
preferred stock dividend
requirements from $2,272,207 a
year to $1,400,000 a year, a reduction of $87,207, or 38 Vz'/c.
The redemption will also eliminate the present preferred stock sink¬
ing fund, which requires that, so long as more than $20,000,000 par
value
of
preferred stock is outstanding,
25% of each year's net
profits after payment of preferred stock dividends shall be used to
value
H.
L.
11,000
W.
2,000
E.
Boston
6 and in West Palm
Nov.
on
.
■
William
2,000
Schwabacher & Cor——
Harris, Hall & Co.,
syndicate headed by Union Securities Corp.
The stock,
offered at $36 per share, was oversubscribed.
PURPOSE—To
reduce
the outstanding 7%
cumulative preferred
«U>9k from $32,460,100 to $20,000,000 by redeeming $12,460,100 par
Hqpwood
Stjfpo.——
Simons,
on Nov. 13.
fall of 1944, minority
Atlantic Mutual Insurance Co.—New
9,000
Riter
are
■
2,000
&
own
""
2,000
St .Curtis-—-~
v
11,000
Granbery, Marache & Lord
Harriman Ripley Si Co.—
400,000 shares of common stock (par $1)
offered to the investing public Oct. 24 by a banking
of
issue
5,000
2,000
The Ohio• jCo,-—2,000
Paine,
Webber,
Jackson
Piper, Jaffray &
Co.—
Graham, Parsons Si Co.—
Stock Offered—
Locomotive Co.—Common
American
An
11,000
Moseley & Co
S.
Newburger Si Hano——
Cook & Co.——
Forgan & Co.—
Goldman,
-
11,009
3,500
Chapman
First
Glore,
2,000
Beane.
Si
2,66o
i—;
Co...:
&
Clement A.
Farwell,
3,500
Evans Si Co.—
Estabrook
Washington
its
Fla.,
In "the
Pierce,
Lynch,
2,000
.
in
in
Coast
issued
bondholders of Florida East Coast
submitted a plan of reorganization under which Atlantic Coast Line
would acquire 60%/ of the common stock of the new company.
The
ICC rejected the proposal.* The plan promulgated by the Commission
in January did not provide for participal in by Atlantic Coast Line
RR.—V. 162, p. 1634.
.
Eastman, Dillon & Co
15,555,354
--a——
Co.
Si
duPont
I.
Francis
Coast
scheduled
East
plan .was
East
Florida
2,000
Newhard,
2,000
Co.,
&
O'Connor
Inc.
■h>,
158,473,504 152,788,357
89,784,496 89,412,239
52,411,743 47,820,764
income
Net
Net
Doyle,
153,464,357/:
676,000
19,051,301 158,920,081
74,000
446,577
Operating
9,000
Davis, Skaggs Si Co.—
$
'V
,
—
of :
mort-
v py' v
■ -
.
ceedings
F.
2,000
Paul H. Davis & Co.-.
1945—8 Mos.—1944
1945—Month—1944
Period End. Aug. 31—
Uncoil,
Co;—Earnings—
Telephone & Telegraph
American
—
allotment
income
:
Beach,
3.5U0
Julien Collins Si Co
■
,
2,000
Fenner
3.500
Si
Brown
V
.
$450 new
Coast first
3,500
Merrill
Sons—
Alex.
Florida
for
proposed
divisional
$250
::
East
made in connection with the re- 1
reorganization proceedings by the
revised plan of reorganization
January.
Hearings in the re-opened proT.;
Line
Coast
Commission
The
and
bonds
to elimi¬
agree
substitute
to
Florida
bonds,. forr the
5%
mortgage
and
$1,000
<
the
of
opening
3,500
first
per
Marks Si Co.
2,000
Co
ridge
if dated later,
dividends as if ?
'
5,000
—-
.
or,
and
Inc
A. E. Masten & Co..
McDonald Si, Co.——_
Mead, Irvine & Co
Mellon Securities Corp.—
2.000
Co.—
1946,
1,
interest
same
.
Atlantic
The
•
ICC. 1
Co.
••••
Laurence M.
Bosworth, Chanute, Lough-
as
9,000
Mason-Hagan,
Biyth & Co., Inc.---—
Special
9,000
&
Langley
9,000
Co.,
Si
Co.—
Higginson Corp
M. Loeb, Rhoades Si
bonds
morgage
andt refunding .mortgage
division
C.
Jan.
dated
the
mortgage' bonds
first
income
divisional
bonds..
3,500
Boettcher
&
Bioren
division
the
nate
$200
2.000
&
4
gage
W.
receive
securities had been dated Jan. 1, 1946.
VJThw plan sets forth that Atlantic Coast Line tfould
11,000
Carl
be
would
would
the
-2,000
Kratis—_
Burge
Bear, Stearns & Co
securities
holders
Peabod'y Si Co.—
Bissell & Meeds—-
Lee
2,000
combined properties
earnings'of the
by
new
Kidder,
Eichler Si Co.—
Ball,
The
security
Laird,
&
——
Bateman,
respective,
of
approved on Oct. 22 by the boards of directors of the
com¬
panies, it was announced by Charles R. Hook, Preaident
Armco,
and Calvin Verity, President of Rustless.
The terms, they said, were
arrived at on the basis of converting one share of Rustless common
stock into one share of Armco common.
"
nounced
,
Auchincloss,
Steel Corp. was
of Rustless Iron Si
this company
into
merger
9,000
.
,
Securities
Coast
serviced
be
Shares
Shares
22,000
Ames, Emerich <fc Co., Inc.
The
Corp.—
A.jC. Allyn & Co., Inc.—
Union
Rolling: Mills Co.—Proposed Merger—
American
East
Exchange.
investment
income mortgage bonds would be secured by4a lien on Florida
Lines, subject to the division first mortgage, and would
<-,The
offered has been authorized by the
i,/ l.:
TRANSFER AGENT AND REGISTRAR—Bankers Trust Co. is transfer
agent and dividend disbursing agent for the common stock and Guar¬
anty Trust Co. of New York is registrar of such stock.
UNDERWRITERS—The
underwriters named below have severally
agreed to purchase from the company, the number of shares of com¬
mon stock set forth opposite their respective names:
'tional shares of common stock now
LIABILITIES—Accrued
taxes
$16,569; accrued expense. $7,161,
payable for securities
purchased. $10,752; «ecu"d
loan
due
July 1,
1950, $2,000,000; $4.50 preferred stock (27,609
shares, no par), $2,760,900; common stock (354,500 shares, no pari,
$354,500; option warrants, $15; surplus (after deducting net losses
on
sales of securities of $8,343,618), $3,398,996; total, $8,459,492.
Iaccounts
Monday, October 29, 1945 |V:<r
FINANCIAL CHRONICLE.
THE COMMERCIAL &
no
based on
Sept.
from
_
the
income,
30,
income
1945,
on
there
'account
remained
of
such
$66,419 329
amortization
that
for
was
the
the amounts provided for Federal taxes based
on
income
for
the periods
prior to Oct. 1, 1945.
Accordingly, in
arriving at the amount of the "provision for taxes based on income",
shown above for the third quarter of 1945,
effect has been given to
the
deduction of such $66,419,329 from
income for the purpose of
computing the amounts provided for such taxes for all such periods.
Such deduction
has required a decrease in the total provision for
Federal t^xes based on income for the entire amortization period, all
of which is reflected in the accounts for the third quarter of 1945.
In
July,
1945, corporation sold $75,000,000 consohdatfed mortgage
25-year sinking fund 2^4%
bonds, series I, due July 15, 1970, and
called for redemption in July or August all of its outstanding con¬
solidated mortgage bonds, secies F, G and H, aggregating $92 333,000
principal amount.
The expenses, (approximately $475,000) incident
to the issue and sale of the series I bonds and the premiums on the.
purpose
of
computing
redemption of, and the
unamortized discount on, such redeemed bonds
Volume 162
Number 4433
<$5,970,718
aggregate)
THE COMMERCIAL & FINANCIAL
CHRONICLE
f
In
of
quarter
the
charged
were
1945.
;•'••••
•
income
to
'
'
-•
•
in
third
the
;
(ingots and castings) averaged approximately 87.4%
capacity during the third quarter of 1945 as compared with 98.2%'
during
the second' quarter of
1945
and
102.4%^ during
the
third
of
of
1944.
Current
capacity.
steel
k-
,
production
...*/•
■.
SUMMARY
Per. End. Sept. 30-^
i Net
billings
Total
•;.r
Int.
Loss
>;
sale
on
fixed
1,804,040
1,101,882,245
for
Profit
Prov.
1,342,912,559-
irom
A
9,402,356
lor
Est.
-J7Q
011
inc.
Net
Per
bef.
49,894,478
13,013; 205
70,105,840
stated
' '
' '
value
of
$25
Common Stock Offered—Company is
offering to
of common stock of record Oct. 8 the
scribe for 29,142 shares of common stock
ers
per
.
.
&
J;
equipment—
-
taxes/Li./'"
1945—9 Mos.—1944
$281,438
$973,304
$919,511
56,826
164,507
167,078
416,394
371,80^
376,892
$60,106
$389,833
$370,818
$0.17
$1.46
$1.32
55.416
Cr87,921
.
shares must be made at office of American Trust
Co., Sai
Francisco or Kuhn, Loeb &
Co., New York.
The issue
(& Subs.)—Earnings
1945—3 Mos.—1944
taxes
t27 218,333
31,891,944
134,980,000
income-
for
*$9,688
share— '.'
per com_
Nil
452.
162.' p.-
25,270,000
period
7,761,667
stk.
com.
4has not been underwritten.
PREFERRED
23,499,258
$1.67
charge to operating
expenses.
t Deficit.
.
$0.23
•
•//♦Other third depreciation on certain equipmentr
19,788,325
$4.99
.
^Credit/
the
co
extent
•nciude
provided for through
V.
'f
convert
The
that, the
Shares
of
such
shares^ held, by Atlas Corp.
159;
6%
be
redeetned
companies
to
v
6%;
.transfer
election
the
shall
Regarding
\
increase
in
answer
to
in
i
with
Grace.said
Mr.
union
discuss
to
representatives
what
the
bargaining
that
for
agents
orders-on
hand
$2
"
ganization-^
voting:
anq
conitrenoe
union.
class
axfeaay
that
of
when
1940,
The
f
orders
hand
on
the
were
on
lowest
since
the
second
,
$289,000,000.
were
.
.
the
that
the
in
could
company
engineering
use
additional
an
draftsmen
which
needed
are
"if
6,000
emphasizing that there is
for
could
we
am acute
get
Mr.
disclosed
Grace
of
which'only 7,700
~of Its employees had
that
the
had
company
hired
formerly employed by
entered, military service.
were
it,
/
hours,
year
quarter last
*»
June
should
between
run
$i2,000,00u
quarterly.
and
:
.Taxable;
Total
Regis.
H. H.
/
Steel
Co.
Oct.
on
plant
just
stage
additions to
■/
NINE
•
■
W.
of
P.
by
be
announced
22
outside
the
erected
&
L
L.
transfer
has
'1944 J
416
v
other
mill
a
Los
first
of
Angeles,
the
year
""
1943
v".'
will
cover
193,400
23:
warrant,
5,826
'•
to
•"
sale
admin.
&
statements
exps._
Cost
disburs.
divs.
'.
Kegistration. under
f
Prov.
for
Divs.
in
SEC
Federal
poss.
income
Net
v
5,695
1,284
;
capital stocks/
has
163,062
determined
to
elect
to
in-respect of met income.
as" such
and
-
be
Bank Joans'
.
■./•/
Net assets available for preference stock
Preference stock at $55 per share :(to which it
^is entitled in liquidation) & acciued dividend
'
/_/,
74
18,4C9,300
:'
applicable to
stock
common
$35,568,109 $24,001,280
Asset values per share—...
Preference stock (333,200 shares outstanding)
Common stock
The
(7,489,483
company's
Aug. 28,
While
the
$162.00
shares outstanding)
reclassification
plan,
as
plan
supported
was
by
common
Period End. Aug. 31—
Operating
The
carried
be
cannot
directors,
of
1945,
as
regulated
a
liability for Federal
stockholders
by more
voted, it did not
preference shares
instead,
109,090
Funds
out.
shares
to
$1,042,887
$6,099,465
Cities
Trading Corp.,
ration
in
amount
an
Central
896,704
1,406,182
1,345,323
176,561
331,003
279,834
407,472
372,466
595,823
and
of
States
Chapter
,
X
of
Income—Cash
less than $14,000,000,
Electric
Corp.
shares
of
Net
"
'
r
$119,2C(T;
at
"E,"
stock,
fees
cumulative
accepted
in
of
the
purpose
be
to
cost,
and
preferred
offices:
as
6,615
EFFECT
stock
TO
PRESENT
and
the
FINANCING
Authorized
series
C,
1946-1955
Outstandin
due
*
'
$11,282,000
(1.3%t
■
>
that
,
subject
$300,000
240,000 shs..
139,000 shs.
240,000 shs.
additional
legal
to
limitations
of
bonds
issued
the
and
shsJ
§145,710
be
may
regulation
the
on
company's
indebtedness
of
<
in
un
restrictive
pro
the
other
Railroad
to
power
than
the
issue
and
company's
Commission
of
the
of
series
23,
Aug.
"B,"
"C,"
1945,
the
"D"
and
"E"
company's
authorized
articles
of
of
and
of
"G."
shares
but
SBased
series
the
"E,"
"F"
shares
shares
and
that
/
from
of
directors
C."
but
un-j
prefers
41,560 shar*
series
fixed
The
are
of
number
increased
"series
preferred
assumption
the
and
was
240,000
to
Thereafter,
"D,"
the
on
20,560,
constituting
unissued
Series
unissued
namely,
wholly unissued
"D" and "E"
"D,'
"C,"
139,000
the!
as
remaining
shares
of
101,00*"
the wholi;
"G."
all
shares
29,142
\. now offered will be sold.
of
stocl
common
/
SUMMARY OF STATEMENT OF INCOME FOR CALENDAR
YEARS
:'
1944
1943
1942
revenue__T__
$3,648,465
income___L__
12,861
$3,393,641
12,089
$3,057,839
11.432
1941
$3,405,730
$3,069,271
$2,878,835
1,896,995
1,716,907
1,517,207
1,463,24C
'354,388
338,886
323,598
312,374
$1,40.9,943
$1,349,937
$1,228,466
$1,103,221
475,280
475,280
473,357
464,995
,
Total
income
;
$3,661,326
i
Operating
expenses.
Depreciation
Int.
/
interest™
funded
Amort,
/
l
before
on
Misc.
debt
interest
./
181,800
and
of
L,
'
(net)—
.,
429
322,450
debt
$2,871,03
,
:
7,79
Cr594
815
34,727
35.58C
878 /
disct.
expense
Misc..
648,000
34,551
34.551
,
deductions
:
23.27C
7,000
.
648,000
$r,913,482
$2,238,712
241,128
239,347
$1,232,397
$1,672,354
$1,999,366
16,110
17.322
20,350
153,571
.
Net
-V.
3,414
$1,038,198
and
debi
$1,248,507
414.250
564,364
___/„ T;
-
at
total,
$35,078,301.
*
'
264.130
;
$578,563
80,000
216,766;
/■/
$504,210
$498,5631
208,502
208,501
208,50ffl
233,136
201,080
250,038
$126,460
$24,629
$563,038
$504,683
dividends
$720,976
■>
201.COO
208.502
Balance
expense-
53,823
/_
8 043
37.834
68.429
,
1.210
.
_____
charges!-
-
/ >1,557.
income
,1,733.
1,340
2,141
.,1,850
9,340
18.391
15,768
$1,031,931
$1,324,626
-
\
$638,977
.
162, p. 244.
made in
was
Service
our
Co.—Bonds
.
/
$787,212
-
9.179
%
'
8,703
•■/
Offered—Men¬
issue of Oct. 22 of the offering byon
108
and interest.
and
.♦No
profits
!
a
Preferred Stock-—The same group is also underwriting
conversion offer under which owners of the outstand¬
ing. 6% cumulative preferred stock, "series A" and "se¬
B," may convert their holdings, share for share,' into
139,000 shares of 4.4% cumulative preferred stock, "se-
-
ries C."
.
•//',"..
J
chgs.
credit
profits
$63,(45
tax
payable for
carry-over
BUSINESS—Company
under
its.
is
prior
company
as
had
public
operating
an
Business
and
excess
utility, owning anc
systems in 21
name
water supplv
selling
water
wholesale
consists
of
the
production,
to
two
othei
gathering, storage,
purification, distribution and sals of water for domestic,, industrial,!
public and irrigation Uses, and for fire protection.
UNDERWRITERS
agreed
lf
to
1945,
have
underwriters
BONDS—The
several!
purchase from the compahy at-107 plus interest from
the first mortgage 3J/4%
bonds, series C,
in the
principal amounts set forth opposite their respective names:
..
$40,025
an
years.
corporate
communities
communities.
from
3943.
The effect of the appli¬
cation' of this carry-over was to reduce the provision otherwise
re-|
quired for Federal income and excess px-ofits tax for 1943 by approxi-|
mately 852,000.
The annual interest requirements on the first mortgage 3%% bone
series C, and on the total funded debt to be outstanding after givii
effect
to
the
proposed
financing
will
be
$366,665
and
$377,165,
respectively.
The annual
dividend
requirements
on
the preferrec"
stock
to
be outstanding
after such financing will be approximatelj
$152,900/;
.*"/ ,-/.•
<
/ v
ries
r
surp.
ad-
credits)™.™
excess
operating
•
(before
justing
:/%/"'.56,751
'
,*
' con¬
233.136
622,688
dis¬
debt
dividends..™
California
$0.0.7
'
'$832,228
.194.000
tax..*.-*
income—
Net
Preferred
bonds, series C
.on. sales of securities.
1945
"*$899,683
./
tax____
profits
$2,019,716
:
Union Securities Corp. and Harris, Hall &
Co., (Inc.)
Oct. JL5 of $11,282,000 first mortgage 3*/*%
749,700
£64,480
share
tax/J
inc.
income
exc.
Common
$1,689,676
329,734
•■/
California Water
tion
...
.
Fed.
'
■/■;■'•
before
Federal
'
$1,034,784
Bal.
'
$1,391,968
160,903
interest
Miscellaneous
*215,182
46,667
.
,
$32,405,529;
Nov,
severa!|
and Financial Chronicle (Reg. U. S. Patent
Office) William B. Dana Company, Publishers, 25 Park Place, New York 8, N. Y., REctor 2-9570.
Herbert D. Seibert, Editor and Publisher,
Dana Seibert. President; William D. Riggs, Business Manager.
Published twice a week [every Thursday (general news and advertising issue) with a statistical issue on Monday), votner
S. La Salle St., Chicago 3, HI. (Telephone: State
0613); 1
135
On
per
Drapers' Gardens, London, E. C., England, c/o Edwards & Smith.
Copyright 1945 by William B Dana Company. Reentered
February 25, 3942, at the post office at New York, N. Y., under the Act of March 3, 1379.
Subscriptions in United States and Possessions, $26.00 per
year; in Dominion
South and Central' America, Spain, Mexico and Cuba, $29.50 per year; Great Britain. Continental Europe (except Spain).' Asia. Australia and Africa, $31.00 per year.
of the fluctuations in the rates of
exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
year;
account
(
f'y
</'•;;» "
o:
Incorporatio:
second-class matter
NOTE:
sel
credi
State
;
"C,"
authorized
245,200
284,000
541,500
$1,195,690
charged- to
struction
iCri,
3,148
1
BALANCE SHEET AT SEPT. 30,
Canada, $27.50
.
ol
in
Incident
expenses
the Comirnrcial
William
for
used
conversion.
~
no
the
"F"
number
644,624
■
-
'
funded
on
count
Other
$1,468,850; U. S. Government securities (at cost),
dividends and
accounts
receivable
and
interest
accrued,
due from brokers for securities sold, $279,723; investments,
average
primary
and
'
541,500
of
oper/
Int.
.ASSETS—Cash,
$805,000;
6,615
698,410
120.000
vdisctt, and -exp'/ J
Amortiz.
♦$1>263,766
"
//
$1,525,615
^Exclusive of net profit. of $2,059,632
Z
.
tax__
amortization
Interest
'.109,780
Common dividends
/
the
used
'
201,925
income
Earned pep common
224,000
profits
exc.
4,410
432,778
/
481,609
Gtobs income
$1,210,762
~--A-A'.l
Preferred, dividends
inc.)
taxes_-
Net oper.
income____
Other income (net
NINE MONTHS ENDED SEPT. 30, 1945
bank loans™
on,
6%
not
GIVING
outstanding,
of
series
Net
4,410
than
income
t"i«' n'n'St"
trie, plarit
-
in
is
in
Expenses
<other
Net
the
—
Interest
common
the
Jurisdiction
On
limited-term
debt
exclusive of interest.
dividends
Total
of
Special
Light Corp., Goldman Sachs & Co., Goldman
former officers and directors of the corpo¬
not
securities, priced at market quotations.
Interest.;—*4—
Underwriting participations
_i
;
revenues
investment
Fed.
'
authorized the redemption on Dec. 1,
outstanding $3 preference stock at $55 perredemption will be raised largely by an
STATEMENT OF INCOME,
Dividends
for
capital
549,528
Federal
reorganization proceedings
Bankruptcy Act, application is to be made
to the U. S. District Court in Richmond, Va., for
permission ,tb file a
proof of claim and to institute plenary suit.
•5
under
stock
common
the
Power &
Sachs
Since
purpose
sale
indentures.
shares
$6,139,637
951,838
board
American
the
the
1945—12 Mos.—1944
232,247
Taxes
have
of
effect
/
1945—8 Mos—1944
$4,038,765
Amort,
1,
The
for
from
Non-oper.
Depreciation
and
bank loan in an amount not exceeding $6,000,000.
maturing <•"
1953, bearing interest at 2i/4% per annum
of directors has authorized the filing of claims
arving in
and after 1929 against Central States Electric Corp., Harrison
Williams,
•
applied
proceeds
working
the
of.,
evidences
the
shares
Maintenance
statement
unsecured
Oct.
'
be
■.
the
use
were amended.
By virtue of such amendment, the authorized numbe
of
preferred shares of
"series
B"
was
reduced
to
the
number
o:
v
v
Operation
$3.20
in
consummated.
two-thirds of $3 preference stockholders who
receive the requisite approval of two-thirds of
all
outstanding.
With discontinuance of the plan, the contemplated pur¬
chase by the company of up to 100,000 shares of reclassified
preferred
share.
will
t,
(par $25)i__.
the
Issued.
184,237
California* Oregon Power Co.—Income Statement-^
$127.28
$4.75
forth
set
1945, sent to all stockholders, will not be
than
stock
;
Operating
assets
dated
ol
notj
stock
July
31,
1945,
there
were
authorized
but
unissued
59,44*
preferred shares of "series R" and 41,560 preferred shares of th*
wholly unissued series "C," "D" and "E," or a total of 101,000 pre
8,000
,
Net
preferred
tOn
LIABILITIES—Dividends, payable, $56,425; due for capital stock re¬
purchased for retirement, $4,628; reserves for expenses, taxes, etc.,
.$6,949: capital stock ($5 par),
$1,079,700; surplus, $4,408,934; total,
$5,556,636.—V. 162,. p. 1276.
f. „
<'U
,
•
.
18,409,300
of
.California.
:
■
.
$53,977,409 $42,410,580
expenses
of
redemption
and. for, working capital,
cumulative
(par $25'
amounts
and
BALANCE SHEET,
6EPT, 30, 1945
'
ih" banks', $373,618; investments in common stocks
(at
cost), $5,106;235;' receivable for securities sold, $993; receivable
lor
capital stock sold, $150.;
dividends receivable, $19,215;. special
deposits'for dividends (contra), $56,425; total, $5,556,636.
4/500,000
6%
stock
C
stock
unsecured
ASSETS—-Cash
.
of
shares
due
tThere are
/
'
/ The financial position
of the corporation as of Sept. 30, 1945, as
compared with Dec. 31/1944, is summarized as-foHaws^ , -: v —
:
/;-AM
^/> v; - : Sept/30/M5 Dec; 3L?:44<
// T'otal net: assets before bank
loahs^^/r/i£//^^^^/$53lS77,409 $46,910,580
sale
C
series
5,313
-
$170,129
taxed
no
portion
necessary
remaining
piyceeds,
namelj
of issue and sale of Series C
1975_—;—
1,345
-
'v
151,628
should have
of
—_—
limited
2;129
-
$154,091
169,990
"
company
tax
: j
$182,642
hav«
to
properties
in
the
ordinary course
incidental
purpose
of defraying
expenses
the
♦Indenture-provides
1,0,786
825
*'(//; />..
with
ferred
$181,495
!
'1,240
■
":■■/•':■ -1.417
-
plua
will
betterments
preferred
-4.4%
3,510
•■•.
8,600
"
investment
t
;
.
share,
which
pay
rights
increasing
for
notes,
2.2% )
Common
560
income
r,
vj,979
1,912
5.394
1,068
'V"'/y,_v
—
'Corporation
Bine Ridge Corp.—Report—
fCum.
3,574
tax*--
income
on
Serial
1,020
/
and
1,
visions
485
and
series
Nov.
•1,529
11,150
1,094
expenses.
to
aL $10,000)
.
mtge. 35/4%. bonds,
*1,32?
1,100
5,993
of
Miscellaneous
the
and
'v>:
$210,355
10,455
2,136
The
expenses
shares
conversion,
/CAPITALIZATION,
4,102
.
pay
$66,000),
X estimated
conversion
of
1.291
3,669
2,020
,
.Salaries
feet.
% A Oh -October 1, Bethlehem broke ground for a, major, mill depot
.San Francisco to, augment its -Bay Area plants.—V.
161, p. 980.
'
-
to
at
139,000
and
the
1,554
1,207
"3,177.
share
per
$12,071,740,
interest.
used
redemption.
V additions
,5.077
3,968
$194,930
1,635
,
3,215
1,060
9,654
"
,
,
$214,167 '
cents
$201,310
3,773
Stockholders' meeting &
expansion
square
the
restoring
/
1942
•
37 Va
namely
accrued
the
connection
$185,331
•
5.529
1,088
2,043
fees
Invest.
Calif., which
and represent
taxes
at
obtained
exercise, of
such
of
,
<fe
expire
for conversion will be redeemed for cash at $26.25 pel
accrued" dividends.""" The proceeds' of $26.25
per
?hare
sale of any of the 139,000 series C
shares not accepted in
business
30
of
The' company intends to
29,142 shares of additional
•
2,479
1,651
and audit exps.—
will
plus
from
agent
-
re-|
the
period
(being
bonds
of
share
the
SEPT.
bonds,
be
and
deposited
/
re-
980.
ENDED
C
to
B
Any
Brown,
dividend
(estimated
Serids
,
General
1
8206,159/
■
$210,758
fees
stk.
Cap.
Legal
Fuller, Vice-President in charge of coast operations, said plans
complete for further extensions at least as. great a£' this
as markets
income
exercised
The
6%
$136,230,/ will Be
bonds
engineering,
p.
Series
Notes
.expenses
:/■
.
Assistant
162
MONTHS
4,051
-
"'
are
program as soon
..
'
$206,291
—
services
investment of
also
charge
.
FOR
divs.—
sec.
Custodian
.
from'$7,000,000 to $8,003,000.
The present plant will be equipped with oiie new open hearth, and
"^larger and more versatile rolling equipment./' Three; new buildings and
.
opposition
First
<
warehouse
stock
Directors'
following is takeh/Irom 'T'he WaU^^ Street Journal"^nf Oct.
program at its Vernon
will reach construction
an
ACCOUNT
Be
may
shares.
from
the
issuance and sale of $600,000
o<
sold privately), will be used for the redemptior
of Series B bonds. / The
aggregate amount required for such redemj
tion,including premium of $653,510, is $12,535,510,
exclusive
ol
Investihg Cdrp.-^Report—
.
.
;
^
funds
of
1945
$15,0c0,000
'//■':/
Bethlehem
•
t.Ve
'
Expansion in California—
The
when
-
it was $34.07.
1945,
C
Fran-,
for
called for redemption on Nov, 6,
1945]
plus interest/all of its $11,882,000 first
mortgage 4% bonds]
due May 1, 1961.
The proceeds from the issuance and sale
B,
of
;
,
„
construction
The
30,
Cash divs, on
Interest .1/
in
year.
in
'
■
Series
San
called
indicating
business
quarterly
105'A
advanced C-v' /Serial
<
Assistant/Manager.—V.
■
INCOME
"
a 4. Mr.'...Grace reported
that the company list, quarter expended $12,000,000 on new construction and that uncompleted construction already
authorized now approximated $86,000,000. He believed that expenditures
for
Lundberg/ Vice-President
duties of
option
Co.,
shares
writing
to that date.
Of
each
effective.
was
corporation reports net assets of
$8,229,988 at Sept. 30. 1945
equivalent to a liquidating value of $38.11
per share.
The liquidating
value of the company's .stock on
Sept. 30, 1944, was $29.91, while on
81,009
said, compared with 44.8 each in the second quarter
the September quarter of 1944.
Last quarter,
he
stated that the company's payroll amounted to $142,000,000,
against
$181,000,000 in the second quarter and $203,000,000 in the September
.-
E.
he
and
dropped,
at
The
The, average hourly wage paid by Bethlehem in the third quarter
was $1,414,
the highest, in its history, Mr. Grace said, and that this
compared with $1,410 in the second quarter and $1,376 in the Sep¬
tember quarter/ last yean
The average work-week last quarter- was
this
later
of
vote
plan
which
/.%'-V..
-
Broad Street
»
and
-
veterans
although
the
that
Robinson, formerly Vice-President and
has been. appointed President to succeed
signed. —E.
..
29.1
v/v
assumed the
"-
work.'
27,000
tWo-thirds
make
as
Dean
Manager,
'
..
to
same
BnggsMfg.: Co.—New President—"
W.:
shortage of
construction
A-
required
is
"
'
-
.
third
thefclnd'we want,"
■'
V
shares/ into
conversion
Trust
the
other
per
final
Series
.
quarter
employees, Mr. Grace said, had declined
quarter of last year' to 221,000 in the
tU second quarter this year and to 195,000 in the three months ended'/.
Sept. 30.
He estimated the present force at about 177,000 and.said
251,000
is
said
American
or
V.' PURPOSE—Company has
developed on the .part'of Cleveland interests with sufficient
holdings
to; block the. plan.
It is now stated by counsel: for the Hotel
company
this opposition to the plan has been
removed.—V. 162, p. 452.
of
number
average
from
of/reorganization.
outstanding
of
the
stock,
representing
letter
i
that
■
they
stock
plan
substantially the
by ihe_ directors ^earlier this-year
Oct, 1 amounted to $546,-/;'
000,000, divided
about equally between
the steelmaking plants, and /
the shipyards, compared with $995,000,000 on July 1 last.
He pointed
out
of
tc
cumulative
4.4%
(5:00 p. m., San Francisco Time) Nov.
9, 19451
cumulative preferred stock not on
deposit with the
agent for conversion
prior to the close of the conversion
will be redeemed on Nov.
15, 1945, at $26.25
/ accrued
of
purpose
a/plan
upom
/The
v
>
Corp.—Again Plans Reor¬
"
*
1
and
be, .except
without
convert
which
close
the
Hotels
*'
L r
of
transfer
A/ special "meeting, of '-holders of first
preferred/" second. preferred
common
stocks; will be held on' Dec. 5, 1945 for the
Philadelphia
day
a
one
the
in
would
answer
can't • pay
an
increase of
prices."
He disclosed thai
steel
held
been
(CIO) demand .for a $2 a day
that his company would give its
said
with
refused
He
that-"we
say
increase
had
a
Union
Grace
conference
29.
Oct.
Mr.
wages,;
at
oh
Steelworkers
the
share
one
$25).
is
Any shares of
p/443..%•/;'
Bowman-Biltmore
'
into
(par
conversion
the
to
during
period
Other matters discussed by President Grace:
:r
shares
C
the
agent for preferred
cisco, Calif., the certificates
defnption, together with
a
;
affiliated.—.
are
their
Series
of
right vested in the 6% cumulative
optional as to each holder of such stock.
In ordeJ
optional conversion' right, the holders of
any share
cumulative preferred stock must deliver to the
company'.
exercise
of
opportunity
of
stock,
exercise
preferred stock
Hearing—
stock- to
Both
each
preferred
:.
,
73,070,000
r
STOCK
CONVERSION OFFER—Company will call foJ
on Nov, -15, 1945, all of the
139,000 outstanding shares ol
cumulative preferred stock, Series A, and Series B
(par $25)|
Company offers to the holders of said stock
the
redemption
its
The Securities*and Exchange Commission in
Philadelphia set a hear-'
ing for Oct. 29 upon a joint application filed
by this "company and
Atlas Corp. for an order of
exemption from the provisions of Section
17
(A) of the Investment
Company Act of 1940, on the proposed re¬
demption by the company of all of its
outstanding 5%% cumulative
convertible preferred at the call
price of $52.50 plus accrued dividends
94,858,323
.
7,370,000
.
6,621,944
$2.03 ;
;
31,069,258
•
right to sut
(par $25)
$30 per share in the ratio taf V* common share for eat
share held.
Rights expire Nov. 9 and payment for il
■
Bonwit Teller, Inc.—SEC to Hold
38,591,166
:
taxes
of
sh.
$56,177; pro¬
preference stock,
expenses,
£27,^75;
at
of
for
inc.
accrued
taxes,
no, par,
-"',// '
Sep'ti 30—
>,*Loss.—V.
facih—
on
and
city
common
.Net income
•
■
based
and
shares,
operations/"^'; *$42,192
deprec.
on
.r
prov.- lor.-
Earns
V
Net
f
plant
4,604,069
and
cmortiz.
Provision
/."/
••
.j,; Period End.
110,577,454,138,864,939
-
SUte
(333,200
201:
«,
■
(Sidney) Blumenthal & Co.,. Inc.
y
deplet/
deprec.
emergency
1929
'
-
of
for
and
Federal/
of
'1884.
■••p.
Mos.—*944
%,•"•"'$
assets—____■
°Prov.
;.//>
46 709,189
/
79.0%
•
stock <par $1),; $7,489,483; capital surplus;
$10,214,008;-earned .' surplus, $8,960,958;
total, $35,078,301.—V.
162,
dis-
or
mantlement
/
422,291,504
t7,138,855
chgs.
$• -r.v
;".Vv,r- v
share), $8,330,000;
' ''
—1945—9
29,815 000
other
V
;''/:/,*
$
321,017,191
™_
income-
and
EARNINGS
$
■>
approximately
for
//series
■•/
,■
OP
1945—3 Mos.—1944
'."
,
is
'V >- "*•'
'.
LIABILITIES—Accounts payable
vision
■
Steel production
of
quarter
'
■./
J •/
•'
H
t
•/.'■/"%
/
•
•'
•<.
'■'/
.'/•
•.
■•-/•
-«
<
-
:'
•
•'
/
,
•
'-■/">
••
'
•
•
*
■.
i
"
'■
•■■■■
i.
•
:
i
■'
'
■
■'
'
••
'
Securities
Union
Hall
Harris,
(Inc.)
Sons
-500,000
Co.—400,000
Si
Elworthy
200,000
100,000
100,000
Inc—100,000
Co.
Si
—
Co.—
8kaggs Si
Davis,
Mason-Hagan,
-
"""
Lee
Higginson Corp
—
A. C. Allyn and Co., Inc.—
E. H. Rollins & Sons Inc.
%
15.617
& Co. (Inc.)
Ripley
& Co.,
8.705
Hall
'
Si
Biyth
Kidder,
,
1884.
~-V. 162, p.
1
earnings—I
Expenses
35,438,000
162,
-V.
1764.,
improve
l,945r—9 Mos.—4944 /
V.
.»■/;".■;/7.■■■■'
—-i—
——
learnings
Week Ended Oct. 21—
-
.
.
1944
$6,139,000
1945 ^
' $6,000,000
6,444,000
———,
!
Administration Co., Ltd.—Report—
reports net assets, before deducting funded debt, of
$7 046 363 at Sept. 30, 1945, as compared with $5,744,414 at Sept. 30,
1944
and $6,550,835 on June 30, 1945.
Net assets were equivalent to
$6 127 per $1-600 of debentures. $135.86 per share of preferred stock,
$24.18 per share of class A stock, and $1.07 per share of class B stock
on Sept. 30,
1945, as compared with $105.86 per share of preferred and
$16 90 per share of class A on Sept. 30, 1944, and $124.44 per share
©f preferred,
$21.77 per share of class A, and $0.45 per share of
June 30, 1945.
profit before
panies by Union Securities Corp.
In
tion paid off its $1,150,000 of bank
Total
1944
$18,658
$18,253
151,090
3,472
137,861
150,411
3,386
3,561
$173,220
19.301
17 251
'■•/•7
•
1,779 7
;/•■■■'''■ 7,825
,
1.451
—
7
divs.
'.s
7:
:
3,641
3,480
4,991
Zxfl'ti 295
304
//■
4,785
-'7.
4,851?
1,186
1,172
f 7:7-
salaiies
301
273
•
620
„-149
•Net profit after all
$120,882
$106,827
97,650
97,650
302 .7
I.';
97,650
97,650 'i%
shares
investment
research and administrative staff,
rent,
stock
class
$5,485,620.—V.
B
cent
(one
162,
par),
corporation
of
investments and
1945,
23,
$403,718
the
(excluding
amounted to
outstanding
on
held
the
debentures
months'
Tbi
on
that
securities
represented cash
basis
period.
in
and
the
were-in
market
of
S.
2.25
these
date.—V.
that
162, p. 668.
;
*
23,730,119
19,412,838
3 Mos. End. Sept. 30—
Net Income
from
Interest
funded
Amort,
on
times
during
of
debt
and
on
!
41,065
42,445
367,824
378,100
1,911,005
$0.25
2,389,454
$0.32
19,045,014
$2.54
20,610,988
disct.
expenses
Other
.
.
.
Si
Income
1944
•1943
$27,897
*$33,597
7,090
8,552
23,
(Before
,y
will until
'
interest,
series due 1967,
.827
2,426
288
636
-
264
expects
postponed to Oct.
545,500
"■$32,868
■
i
J$933
Wali Street,
695
219
*$56,398
+$29,308
19,550
*
-
deprecia¬
common
Spencer
and
1945—9 Mos.—1944
$546,234 7 $544,108
93,381,579
90,768,803
.
unanimously elected to the board of
was announced on Oct. 23 by Lowell
it
*
are:
„
'
August
Corp<—Listing of Common Stock
of
stock.
upon official notice
tne exercise of (he
of issuance
warrants to
of such
merger on
voted
Wickwire
of
stockholders
the
1945;
1,127,240
issuance,
agreement of merger between the corporation and
Steel Co. becoming effective, and 629,828 shares, or
stockholders
20,
the holder
corporation.
the
favor
in
the
corporation ; voted
op
(UPON COMPLETION OF
PRESENT.LISTING)
Outstanding
$20).
the
sale
15,
1946,
at
refunding the company is continuing its debt reduction
From Dec. 31, 1941, to Aug. 31, 1945, the company reduced
funded debt by over $58,000,000, or 23% of the debt outstanding
this
1941.—V.
162, p. 1636.
.
^V,:!
.
,
\
—
r
one
,
annual
coupon
on
the
income
on
the first mortgage bonds
according to present
bonds,
plans. -7 The first mortgage "payments, applicable .to coupons matured
July 1. 1944. Jan. 1. 1945,. and July 1, 1945, would'liquidate ^interest
from the effective date of the reorganization, Jan., 1,'1944.
General
mortgage income
bond interest is payable
each April 1 from the pre¬
<
and
sales
Spencer
22
of Coburn.
operations
Coburn
The
company
'
manufactures
full
a
and
President, stated that "the purchase of Coburn Is in
Spencer's policy of expansion to include the manu¬
Holder,
P.
- 7,of hardware for
and overhead doors
line
garage, warehouse,-, automatic fire
hardware for overhead conveying equipment.
doors,
sliding
with Wickwire
line
and lines closely
products." 7:
Of. products,
facture
related with the company's own
. 7
the;new property, Wickwire Spencer announced
that it will be known as the Coburn Division. " Operations will con¬
tinue for the present at Holyoke, where- Coburn's manufacturing plant
and sales offices are located.
A. H. Reid, who has been associated
with 'the Coburn 'Company
will continue as Sales Manager for the
Division's products under the direction of Mr. A. G. Bussmann, Wick¬
wire Spencer Vice-President
in charge of sales.
and
wire
.
In
wire
connection
with
.
New Warrants
£7" The
Admitted to Dealings on Curb—
York Curb Exchange on Oct. 23 suspended from dealings
old common stock purchase warrants of Colorado Fuel & Iron Corp.
and will admit to dealings new common stock-purchase
warrants of
that company.
Each new warrant will evidence the right to purchase
one
new
share of (split-up) common stock at $17.50 a share at any
time
new
Feb.
to
1,
1950.—V.
162,
p.
New. Common Shares to
'
of
!,•
1765.VV;-^£;*:V<^
Receive Dividend of 15 Cents
22 declared a dividend of 15 cents per ,share
stock, no par value, payable Nov. 28 to holders
This is equivalent to 30 cents on the stock out¬
standing prior to the two-for-one stock split-up. * The old common
stock received 25 cents per share .each quarter —V. 162, p. 1765.
The
the
on
directors on
new
Oct.
common
record Nov/14.
,'r'"
semi-annual coupons will be paid
-■
Cobiirn Trolley Track Co.-r-
Trolley Track Co. of
•';■ ?
•
Three
and
'
will
Oct.
on
the Coburn
of
E.
!:!
of
to the agreement of
For each share of
effective date of the
will receive 11/10th shares of the preferred stock/
Steel Division of the Colorado Fuel & Iron
announced the purchase of the business and assets
Holyoke, Mass. The steel company
immediately assume full control of all management, production
Wickwire
Corp.
'
n r
of the new bonds, the company
expects
to use the proceeds from
the sale of the bonds, together
with funds from its treasury to the extent required, for the reurement
of $30,000,000 316%
collateral' trust bonds due Dec. 1, .1969,
which
the
company
expects
to call for redemption on or before
year.
reaeiaI.income
,52?/Jne<ieralmC0fme tax ^juf,tment of 443,500.includes!an amount
of $34,162 resulting from application of additional accelerated
price,; plus
162, p. 1885.
•
Wickwire Spencer Buys
Stanley &
issued pursuant
to the plan of reorganization, holders of system bonds will receive
cash
payments covering • interest due on the new/first mortgage 4s
and on the new general'mortgage income" 41/2S," series A and B.
The
reorganization managers have indicated that the new securities will be
delivered in exchange - for the present • issues before the end of this
credit of $16,200
of
Simultaneously With receipt of new; securities to be
30,299
18,759
redemption
Exchange has authorized the listing of
stock (no par) upon official notice of
merger,,
30.
to use proceeds from" sale of the bonds, together
by the company in Chicago Oct. 26, at 11
consummation
Interest—■
9,846
.
full
by the warrants to 629,828. /
preferred stock will be issued pursuant
between the corporation and Wickwire.
common
stock of Wickwire outstanding on the
be
Chicago, Milwaukee, St. Paul & Pacific RR.—To Pay
1942
for adjustment of Federal income
tax for first half of year.
(Before reversal of $23,125 Federal income
tax.adjustment applicable to the first half of 1944
•Loss.
were
to
program.
$89,917
'
13,350
tax
^
America,
of
merger
York,
an
Upon
its
•$3,33f>
5,604
meeting,
directors
(The
the directors of Chesapeake & Ohio Ry., ilew
St. Louis RR. and Pere Mamuette Ry., scheduled
of
Oct.
Company
By
invest¬
.v: H
Net prof it
$2.74
(& Subs.)-—Earnings
Depreciation
Federal
.
105, and $39,493,000, first and refunding mortgage
3%%
bonds/series of 1974, which the company expects to call for
redemption on Feb. 1, 194G. at 103%,
Si
:
interest
.
Bids are to be opened
o'clock .Chicago., time.:
Jan.
■
1,266
debt
25,236,000
20,989,088
surplus,.
com. share-
approval) at 100.56 and interest;
this
bonds
of the corporation's
1945
oper._
32,028,683
9,156,497-^9,242,675
other
to
in December,
Central Foundry Co.
*
^
issue of $65,000,000 1st & refunding mortgage
bonds due 1985, on a bid of 100.0399 for a 3V8% coupon.
The issue was reoffered immediately
(subject to ICC
banks.
Government
"
20,145,669
1,952,070
$
with
Co.,
indebtedness, five corporate bond issues, 11
The largest common stock holdings
retail trade, rails and rail equipment
represented over 47%
' .*
-
The company on Oct. 26 awarded to Morgan
petroleum,
ment®1
r
Chicago Burlington & Quincy RR.—-Bonds Awarded—
quota¬
70 common stocks.
utility,
industries and
on
earned
were
include ,U.
of
The
at
v;
certificates
preferred
in
postponement was taken to permit work on details in connec¬
the pending petition to the ICC for authority to consolidate
the three railroads and Wheeling & Lake Erie Ry.—V. 162, p. 1885.
asset coverage per $1,000 of debentures then
unamortized
debentures financing
costs
of
$4,299. : This' compared with $3,663 at Dec.
corporation's investments
treasury
,
531,705 shs.„ v (531,70$ shs.
*2,968,295 shs
1,127,240 shs.
Warrant® to purchase common stock—t630,759
614,956
•Pursuant to agreement of merger between the corporation and
Wickwire Spencer Steel Co., the number of shares of common stock
shall be increased frrrn ),COO,000 shares to 2,968,295 shares (and each
share of
common
stock which shall be outstanding on the effective
date of the agreement of merger shall be changed and converted into
two shares of common stock).
The common stock outstanding subse¬
quent to the merger will amount to 1,127,240 shares.
tlncluding 314,914 shares of common stock reserved for issuance
upon the exercise of warrants to purchase common stock.
The war¬
rants,
as
adjusted due to the increase in the common stock, will
entitle the holders thereof
to purchase common stock, on or before
Feb
1
1950
at $17.50 per share.
The warrant agreement authorized
315 379
warrants which were exercisable to purchase common stock
at $35 per share.
Warrants to purchase 465 shares of common stock
have
been
exercised, reducing the authorized warrants to 314,914.
The warrants, as adjusted by the change in stock, entitle the holder
of
each
warrant to purchase two shares of common stock at
the
warrant price of $17.50 per share, thus increasing the number of shares
The
tion
1944.
nine
3%%
Authorized
.
1,026,953
2,913,600
2,431,899
per
Chicago
The net asset value of the common stock was $10.97 per
0
share- representing an increase of 23.95%
over such net asset, value,
■.'■"
at Dee. 31, 1944, of $8.85.
Net income, exclusive of $261,270 net profit on sales of
securities,.,
amounted
to $103,239.
The interest and amortization requirements
31,
J.
covered
be'ore deduction of principal amount of outstanding debentures^
$8,219,479 on Sept. 29, 1945, an increase during the nine months' of $1,303,317,
or
18.84%.
Of this total, $7,726,118 repre¬
Sept.
.,r-;< j
|,
Inc.-—New Directors—
were
5%- cumuI, conv. pfd. stock (par
Common
stock (no par)-:
18,064,066 157,782,314 164,715,678
3,206,208
Meetings
p.*564,
with
5
recent
a
CAPITAL SECURITIES
Group Meetings Postponed Until Oct. 30—
surplus,
$2,400;
J
1,068,428
funds &
appropriations
period
At
v
?
!
its approval there is to
of the corporation Two
shares of the hew common stock for each'presently outstanding share
of common stock of the corporation.
The stated value of the common
stock is also to be reduced from $10 per share to $5 per share/
-1945-^9 MoS.—1944'
j
V."'$
*j
..
income
Carriers & General Corp.—Asset Value—
$170,033)
J,
Sept. 25, 1945.
The agreement of merger provides that upon
be issued to the present common stockholders
„
1945—Month—1944
excess
Sinking
$42,564; due
cash, $13,400; reserves for expenses, taxes,
$3,556,230;
$1,650,000
taxes— 5:1,011,202
income.—
2,422,291
Balance
at
Corp.
Sept.
$0.91
1944
$0.73
1945,
members
purchase such common
550,000
550,000
$0.53
railway
oper.
Net
SHEET, SEPT. 30, 1945
par),"; $143,405;
sented
1685.
„
1945, at 104 and
1945—Month—1944
$59,101
10,192,492
part thereof as may be required,
from time to time, in connection with
$664,334
$611,435
546,000
16,455,397
taxes—
profits
Other
Net
due for securities purchased when issued, $39,450;
funded debt, 3%
debentures due Aug. 1, i960, $1,150,000; $3 cumu¬
lative preferred stock, series A ($10 par), $434,000; class A stock ($1
were
1
set for redemption, upon presentation
such
(& Subs.)-—Earnings-—
:
£;• \
—-
and
income
Fed;
$104,171;
tions,
p.
„
„
1945, at 105% and interest.
$59,411
9,794,634
surplus—
the proposed
upon
A.r—LatgerrLividend—
$527,044
to the date
the
above-mentioned bonds.—V.
of
Wickwire
a
of
taxes
*"/
income
Earns,
assets
jp
Dec. 24,
on
receive
immediately
may
new
shares
chgs. and taxes
Period End. Sept. 30—:
Gross
accrued and dividends payable,
LIABILITIES—Interest
net
162,
1
•>
mortgage,bonds, 3%% series due 1966,
Colorado Fuel & Iron
of
sale
outstanding-
.\v
$5,485,620.
Total
;
The New York Stock
Chesapeake & Ohio By.—September Earnings-^-
•
in
banks, $325,921; investments in securities
(at
receivable for securities sold, $12,252; dividends and
receivable, $18,654; special deposits for dividends, $36,814;
total,
the most
Chicago,
Rust-Oppenheim, President of Anemanufacturers of air-conditioning equip¬
ment, New York, N. Y.; James Scewart, Chairman of the board of
directors of
Frank B. Hall & Co., Inc., fire and marine insurance
brokers, New York, N. Y.; and Leo McCauliffe, Executive Vice-Presi¬
dent of Mundet Cork Corp., Brooklyn, N. Y.—-V. 161,' p. 981.
share.
$1,271,105 in
; and $1,480,625 in 1943.—V. 162, p. 1884.
$5,091,979;
for securities loaned against
etc.,
accepted.—V.
for redemption
Birrell,-President.
The
Aug. 19/45 Aug. 15/44 Aug. 15/43
deducting
•After
ASSETS—Cash
total,
of
of
new
mostat
823,232 '
$27,260
212,810
BALANCE
cost),
Bank
debentures
passengers
directors
M.
without giving
warrants, was
stock,
outstanding
Earnings per share on common—-
$110,728
supplies, telephone, surveys and special investigations, insurance, social
security taxes, etc.
Union Service Corp. is operated on a non-profit
basis, and its expenses are shared proportionately by the companies
serviced bv it on the basis of the relative value of their investment
assets.
(Loss.
'
"
' • 7 " ; *
interest
received,
were
National
140 Broadway, New York, N. Y„
Claude Neon Lights,
$156,077
—
common
the
of
16 Weeks Ended—
'sold
the
of
share
exercise
Champion Taper & Fibre Co.
1,280
177— $13,078
230,4749,435
.*124,096
corporation's share of expense of Union Service Corp.
of
not
parr
—V. 162, p. 1509.
"
1,220
stock
tRepresnts
for
the period-——.
directors on Oct. 24 declared
$124,910
secur.
49,538
Central Violeta Sugar Co., S.
1,280
;"/' 435
surplus—
Balance,
ProJit\on
$205,616
and equipment—
(except Federal income tax), was $488,602.
10,158
expense-
pfd.
on
appropriation for depreciation--
per
the
and. taxes
Common
Divs.
per
from
9,730
1,380
in-ome
Net
$20.38
profit
9,258
fees
Miscellaneous
First
called for redemption on Dec, 1,
to
Revenue
dividend of $1.25 per share on
the
capital stock, par $19, less 7.25 cents per share withheld for
Cuban
5.8%,. dividend tax, or a net amount of $1<1775 per share,
payable Nov. -15 to holders of record Nov. 5.
This .compares with a
net of 94.2 cents paid on July 14, last,
and net amounts of $1.42 Vg
each on July 8 and Nov. 21, 1944.—V. 162, p. 5.
j -
1,465
11,766
2,010 +
8,363 *
1,264
/
9,029 7
fee
Directors'
bids
tnred
been
Period End. Sept. 30—■
The
■
1,528
<
value
possible
the
expenses
meetings
disbursing
(Service
1,461
3,481
J"'
5,523
;
statements
of
Cost
1,565
10,998
:
3,189
■
and
at
bearing interest at the rate of 1.62%
of the outstanding first mortgage bonds,
Balance
as
been
The
——
Stockholders'
issue,
Cincinnati Street Ry.—Earnings—
262,416
56,800
securities for the nine months ended
Sept, 30,
1945, after taxes (except Federal income tax) was $2,«
253,768, all of which was long term capital gains,
Net income; from dividends and interest! lor the period,!: after!
■
Legal & auditing exps—
salaries
to
price
rejection
called
been
Three
asset
net
Net
$168,721
$159,500
21,761
19,673 7/
1,624
:7/.:
1,817
—
Taxes '
the .company
the
of
notes
has
bid
flat
a
or
accrued interest
report
to
have
$177,129
Registrar and transfer
agent service
Ofiicers'
at
and
surrender
compared with $19.31 as of June 30, 1945 and $15.60 as
of Dec. 31,
1944.
If all warrants entitling holders to subscribe to
common
stock at less than the net asset value as of Sept. 30, 1945
had been exercised on that date, the resulting net asset value would
-
4,938
—
fee
The
$21.07,
1942
158,104
.!
—1,—
Interest
Custodian
1943
/
the
effect
connection therewith the corpora¬
7<_ /
/
•
$14,087
;
income
,
Nov. .1, 1945, receive bids for the sale to it of sinking
(dollar) debentures due June 30, 1968. Tenders should
Holders
$8,094,984.
four insurance com¬
$14,749
—.—,—
dividends.
sec.
;%■}
Payment will be made at the Irving Trust Co., trustee, One
York, N. Y.
for the nine months ended Sept. 30, 1945, Frank
Altschul, President, states that as of that date net assets applicable
to
Its
outstanding preferred
and common stock were $37,390,618.
The
increase
for
the
nine
months after preferred dividends was
loans.
1945
dividends
the
of the outstanding first
have
161, p, 308.
In
of 3% 15-year deben¬
~
Taxable
Estimated net profit for
—V.
■
.
During the quarter company issued $1,150,000
tures
which were placed privately at 100 with
Cash
carry
Cincinnati Gas & Electric Cd.*^-Cails Bonds—
l——44,767
$545,967
Appropriation for depreciation on plant
Capital
Income—interest
made
All
Ltdv-Earhings—
production.—
Estimated profit for the period before appropriations for
income texes and depreciation
Estimated Dominion and Provincial taxes.————————
Company
B on
semi¬
(excluding accrued interest).
Notices of ac¬
tenders will be mailed on or before Nov.
accepted should be delivered for payment to
the Trust company on or before 3 p.m. on Nov, 9.—-V. 162, p. 6.
EARNINGS, SIX MONTHS
ENDED JUNE 30, 1945
Gross value of
Estimated
class
the
will
income
1945,
5,
ESTIMATED
Number of tons of ore milled-;
'1
v
6,101,000
l884.^:>\;\/>7!
earnings
■>—V. 162, p,
thereto
that
was
take
<'
•
'
have been
Railway~-Earnings-r-
Canadian Pacific
Traffic
authorized
response
to
Thic
on
and all
Central Patricia Gold Mines,
income
1636.
p.
Guaranty Trust Co.,
p.m.
$2.95
$2.80
162,
10
which
,
ceptance
subject to renegotiation.—•
but
Federal taxes,
for
bonds
coupon
a
The
1946,
New
Week Ended Oct. 14**/;
Traffic
3
be
STATEMENT OF
£
,
The
1635.
162, p.
;,
.
1
fund 5%
and
charges
carrying
1946.
1,
Jan.
1,
Chilean Nitrate & Iedln« Sales Corp.—Tenders—
methods of production."'—V. 162,
share on 1,882,240 capital shares
per
* After
In
of
annum.
per
—
Earns,
.
.61,211,000
62,073,000
5,603,000
equipment.
favorable
Caterpillar Tractor Co. (& Sub.)—Earnings—
Per. End. Sept. 30—
•
1945—Month-—1944
1945—9 Mos.~1944
Net Sales
i—u
$8,858,046 $23,304,710 $191,800,685 $167,226,700
•Net
profit
131,895
-606,889 /^5,267,818 ^5,546,985
J £
,
.
basis.
both the products and the
plant
pilot
Oct.
on
which offered
applications and
Production under
negligible at present, as operations are still on a
The management is at all times endeavoring to
Is
method
new
maturing
1945.—V.
30,
ICC
The
applications are pending.
All such
assigned to Central Foundry Co.
patent
certificates
mortgage
payable April
exceeding $5,200,000 of promissory motes in further evidence' of the
unpaid purchase price of certains/equipment acquired under a con¬
ditional-sale agreement,--/,-;:- V.
.7;:.,
;
The applicants published a request for bids for the lowest rate of
interest for financing approximately: 80% of the purchase price of the
£ P.7453.;7777/77V:-0:...!;
32,185,000 265,247,000 266,937,000
5,479,000
p.
*
U.
the
37,788,000 327,320,000 328,148,000
,
29,959.000
profit
Net
the
'
!
t
30—*.vl945--iMontJi—1944.
Gross
0.863
0.863
Davis,
Ry.—Earnings—
Canadian National
Period End. Sept.
/
Si Co.:
Slocumb Si Co—__
Skaggs & Co.,.;—
Mason-Hagan,•. Inc.
Brush,
8.705
8.705
8.705
principal
with
patents have been
incomes
Chicago, Rock Island & Pacific Ry.—Trustees Notes—
the objective of more efficient production opera¬
and of certain applications made to
S/> Patent Office, a patent was granted on June 19, 1.945, and
other
June
to
rescinded.
been
first
interest
coupon
r
production of cast iron piper the
have now
the
on
from 1945 earnings.
Interest on the
additional
first mortgage ponds
that formerly were allotted to the
Reconstruction Finance Corp. will be paid for the period from April 1
a
As a result of this research
tions.
4.316
3.453
2.877
1.438
Co.—
&
company,
substantial backlog
Vice-President,
8.705
4.316
Elworthy
11.366
Co., Inc.———
Peabody & Co—
Langley & Co——
Hornblower
&
Weeks——,'
C.
W.
Estabrook
11.366
Inc.
the
of
the
payment
payable April 1, 1945, out of 1944 earnings.
Road" securities are to be in temporary form,
"Milwaukee
new
annual
The company
has
a
of orders for Its regular products and is
increasing production as rapidly as additional labor is secured, 77;//7;
"For several years the management has been carrying on research
and experimentation under the direction of J. J. Nolan Jr., Executive
''
'
Securities Corp.^— —
Harris,
Harriman
with
contemplated
The
earnings.
interest
cover
The
President, states:
Ford,
"Restrictions on sales and
product
year's
would
Code.
David
underwriters named
company at $26.25
per
share, plus dividends (if any)
accrued thereon from Nov. 15,
such
of
the
139,000 shares' of
4.4% cumulative preferred stock,
"series C " as shall not have been issued to holders of the 6% cumu¬
lative preferred
stock, "series A" or "series B," in the percentages
set opposite their respective names: r'; '
//77;"77/7/7'//";
„
UNDERWRITERS OP SERIES C SHARES—The
below have severally agreed to purchase from the
Union
ceding
permitted under the Internal
as
'
'
;
flThe profit for the first nine months of 1945 was $169,575
(after
deducting estimated Federal Income tax of $77,991), and compares
with
a
net profit of $58,718 for the first nine months of 1944, no
Federal income tax provision being necessary for this latter period.
The prolit for
the first nine months of 1945 was iargeiy due to
sales
of material
for the armed services, contracts for which were
cancelled on Aug. 15, 1945. * These profits are subject to adjustment
upon determination of the claims being filed with the U. S. Govern¬
ment
in connection with the terminated contracts. ■{.
777., \
' y, $500,000
s
Si
facilities for Government^use
on
Revenue
.
Brush, Slocumb Si Co—
1,000,000
1,000,000
Hornb'ower & Weeks—1.000,000
Lee Higginson Corp
1,000,000
Langley Si Co.—
C.
-- ••
*
1,300,000
& Co., Inc
Peabody Si Co.
Blyth
Co., >
---
Rollins
Estabrook
1,300,000
Kidder,
W.
H*
Inc.
Ripley Si Co.,
——
Inc. 's
.
E.
1,000,000
tion
Amount
y ;
and
Allyn
C.
A.
'<■ 1
-
—
,
Harriman
Inc.
Co;
Si
/
Underwriter—
Amount
Corp. $1,782,000
Underwriter—
Monday, .October 29, 1945
CHRONICLE
& FINANCIAL
THE COMMERCIAL
2012
New
President Elected-1—Other Changes—7!;.7
■!
:Z
/
:
'Holder,* of New-York, was elected President of Colorado
Fuei & iron Corp. at a board of dhectors' meeting on Oct. 22, at which
formalities of the corporation's jmerger with Wickwire-Spencer Steel
Co..were completed..
v7-V
/»- *
'*•~*7V'
E
Perry
..
Volume
-
Mr.
162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4433
Holder
formerly was President of Wickwire-Spencer.. He suc¬
W. A. Maxwell, who retired at his own
request, company officials
ceeds1
said.
•"
■T"f. .162,
«•,'
. •.
Jr.; head of Allen & Co.,. New York investment firm,
was elected Chairman
of the board.
*
h. •>
R.
(T. Dunlap, Franklin Berwin, A. G. Bussman and A. C. Bekaert,
formerly Wickwire-Spencer "officials,*-were elected Vice-Presidents.—
•_
•
Charles
1
,
i
i,
•
1765.
J"
•
('/ /" /
' v
r
.•V;*;;-' v.,''
': t
Following
weeks
and
the
are
comparisons
with last
year:
;
;
*
Sept.: 29
i
(•.
kilowatt
1191,288,000
180,203,000
-
:: 188,269,000
4.3
vV«.
-
747%.-r-V; 162, p. 1886. V
or
{
.
part
of
its
announcement
the
in
recent
said,
production
the
most
striking
years."—V.
"embrace
of
advances
161,
the
certain
-
the
Proceeds
"registered 235,099
SEC.
in
-
shares
;
of
-pay
the
■
•.
estimated
be
used
and
at
162,
As
Columbia
amount
an
equal
the
on
basis
the
of
accounts
•1944
$3,349,261
1943
•:•••*
old
bonds
will
each
be
sell
called
$28,850,000 of
3.082,200
$406,564
per
p.
^
335,298
—
•"*
*
325,335
v
-$1.25
•
Cigar Corp.—Debentures • Offered-^EastDillon & Co., The First Boston Corp. and Kidder,
Peabody & Co. on Oct. 25 offered at 101% and interest
$4,000,000;20ryear 3%% debentures.
Oct]
due.
1945;
■
proceeds (estimated at $28,988,602)
the redemption of all of the company's bonds
namely, $23,256,000 of old 3% bonds at 106ya and
3V4%* bonds at 103Va.
The balance of approximately
gether with,, capital contribution to be received from
each. Aug.
and
15
Feb;- 15
holders
thereafter
to
and
including
-
-
the
$5
-f
for
*
"
by
stk.
$4
the
business
brands
of
which
and
La
brands
cigars
of
are
prices
Palina,
generally
the
approximately 95%
the. first
Producto,
six
of
1945,
Sidelo.
sale
blends
*"
'
'
*1 Vz(/i
notes
payable
to
debs., due Oct. 1,
stock (no par)_^
*These notes
paid
and
due
were
the
1965_
remainder
18,
of
1945.
$1,500,000
$500,000
amounts
by them,
First
Kidder,
Lehman
A.
G.
Boston
Corp
Peabody &
Brothers
Becker &
E
**
™
Inc._
Lynch, Pierce,
&
V
short-ternr notes,
of
Charles
Co.________
Clark
Merrill,
Co._]
&
ACCOUNT
:
.
(INCL.
Other
debts_i.—
68
profit—.
oper.
$1,440,384
income
Tqltal
Int.
income
Fed.
162,
$5,189,209
284,257
307,000
473,000
2,450,000
*748,500
1,831,500
32,000
80,000
60,000
$561,678
.
$1,330,034
$1,443,488
tax
The
21.
on
(electricity
1945,
Oct.
24
generated
announced
and
that
purchased)
to 171,600,000
kwh.; compared
corresponding week of 1944, a decrease
electricity amounted to 171,000,000
168.500,000 kwh. for the corresponding week of
of
crease
of
1.5%.—V.
162,
1886. *
p.
*
- *
*
Consolidated
The
'
stockholders
approved
of
be
a
merger
Delaware
known
an
of
adjourned
this,
company
special
.
and
for
;:
,
vertible
shares
on
of
income
50-cent.par
basis
stock
common
debentures;—V.
162,
p.
1510.
into
and
common
Oct.
on
Pictures
$5,200,000
4%
Corn
at
The
Products
Refining;
Co.—Expansion
.
will
consist,
stock
(con¬
2,750,000
'•
*.
cumulative
City;
Mo.-- The
primary
purpose
is
Begun—^
its plant
to- increase dextrose
program at
:
l.ooo
Stone
.500\
■'
2.500
.
Co.
;
———
G.
Co.—
.500
.250
Weeks..—
Walker
H.
&
Goodwin
Weeden
1.500
White,
&
The
;
Federal
Broad
11
St.,
New
Oct.
1.500
1.000
1.000
.
of
public
New
1,
\
and
Coupon
bonds
Company.
*:
...
Y.,
at
or
the
]/~ .V
1975.
„
]
.
at the office or agency of the company
in denominations of $1,000, registerable
at
of
thereafter; tp pstr
t
$2,850,504
1
815,980
2,255,047*
1,956,470
1,632,032
1,540,819
V 1,253,000
1,252,137
1,254,159
2,855,000
2,637,391
1,841,091
$2,364,743
$2,656,301
$2,955,425
31,257
9,996
$2,666,2.98
(v 818,834
$2,396,001
822,201
$2,061,737
$1,573,799
$1,813,534
30,067;
*;••
:
inc.-
corporate
income
:
/
$2,880,571
deducts.—
income
—
HISTORY AND
in
Ohio
on
May
.
;
_
BUSINESS—Company
Hills
-
6.199
,,
$2,961,625
852,763
739,544
•
Dales
Ry.;
June,
1,%%~
being?
if redeemed on or, after, Oct. ,1,- 1974^
,
.,
$2,222,081
organized. March 23,
was
1911,
1911,
was
changed to present title
the company purchased the proper¬
ties of Dayton Citizens Electric Co. and of Dayton Lighting Co.y one
of the predecessors of which
had been incorporated in 1882.
From
February, 1914, to July, 1925, the company acquired 15 small electric
as
5,
&
1911.*, In
properties.
1
In
name
(/(;.
;
1925,
';
A"
"
,
which theretofore had been engaged
transmission and distribution of electric
energy, entered the gas business by purchasing the property of Dayton
Gas Co, ' From July,
1925, to January, 1935, the company purchased
12 additional electric and gas systems.
On May 31, 1945, the com¬
pany purchased the Western Division electric properties
(both trans¬
mission and distribution) of Marion-Reserve Power Co. for a considera¬
tion of $7,950,000 in cash, which was obtained from the proceeds of
a
$2,100,000 bank loan and from treasury funds,
July,
principally
The
v
in
the
company,
the generation,
is engaged principally in the production, purchase,
distribution and sale of electric energy for residential,
company
transmission,
industrial
and
municipal
other
to
and
purposes
public
and in the purchase, distribution and sale of natural gas for
residential, commercial, industrial and municipal purposes.
Company's
utilities,
is
business
service
5,404
in
solely
23
in
the
State
adjacent counties.
mately
come
a
UNDERWRITERS—The
respective
the
principal
follows:..
as
>
of Ohio where the company renders
The service area covers approximately
miles and now has an estimated population of
644,200.
It presently has no subsidiaries.
(Miami
subsidiary of the company.)
■;
:
*
,.
Name—
;
•;••••
Johnston,
Co.,-
Thomas
—
Emerich
&
Laird,
and
A.
&
150,000
Co..—
Aub
E.
250,000
Baker, Watts & Co.-
F.
J.
Co.——_
Co.——^
100.000
Co.—
300,000
250,000
Co..__
500,000
Carroll
B.
&
Securs.
City
Clayton
Collins
Julien
S.
&
<fe
& Co.—
Cunningham
K.
Co., Inc.
Securs,
Cook
duPont
&
Exnicios
Ferris
B.
L.
&
Putnam
Co.,
Inc.——
E.
-
15o]oOO
;*
100,000
—
&
Rollins
H.
Sons,
Inc.
750,000
300,000
—
Pressprich & Co.. 1,300,000
,
1,300,000
0,000
Schwabacher & Co—
Scott, Horner & Mason,
Inc.
ov 100,000
——
100,000
100,000
Stringfellow.—
100,000
Scott
Seasongood & Mayer.—
100,000
Walter
& Co.—^
200,000
Thomas
250,000
Wachob-Bender
&
Lee
Robert
&
Co.,
i
,500,000
Hornblower & Weeks
The Illinoia Co—
Investment Corp.
—T"—
of
.,.
500,000
Inc.
v
forcf
.
100,000
F.
>4W4lh.-4
S.
&
Co..
—
100,000
& Co;
100,000
Co..
&
Cummins,
4c
200,000
Corp.—
Morrow
i
150,000
400,000
Co—
.,
Hatyer
&
*
:
■
150,000
——
White,
H
,
&
Wheelock-
1,000,000
——
~Vr,162, P. .I887,,...,
Stokes
Westheimer
100,000
Co..*..
&
Watkins,
^—i.
-
Norfolk
100,000
200,000
Co.,
250,000
Ballin
Hawkins
&
&
Corp..
Cook, Inc.
Hanauer
Hirsch
1,00,000
.—.—
&
Hannahs,
Inc.
Inc.
___—u
W.
Co.,
;_—
First
—
Pollock
E.
Inc.
F.
100,000
&
—__
Cleve.
InC.
Greenman
J.
—
__
Co
&
Phillips, Schmertz & Co.
Wm.
r
100,000
I.
200,000
Co.—
250,000
250,000
1,300,000
Co
Kendall,
R.
300,000
Dempsey & Co.—
Dittmar & Co—
Ohio
Co
Park-Shaughnessy & Co.
Patterson,
Copeland
&
300,000
Day & Co.—.—
L.
100,000
100,000
Monell & Co.—
Nashville
The
100,000
Davenport & Co——
R.
Miller
C.
R.
Otis <fc Co.___
&
———
100,000
——
_
&
Co.,
Co.
&
Minsch,
100,000
Cahn
B.
.
100,000
150,000
&
Newhard,
100,000
1,000,000
200,000
Corp..—
Securs. Corp.—
&
Burr
Co., Inc.—
& Sherrerd—i
&
Bioren
Mericka
W.
E.
-
100,000.,
Leary & Co.—
100,000 V
Baum, Bernheimer Co._
A. G. Becker & Co., Inc. 1,300,000
Barrow,
Butcher
J.
Inc.
100,000
Co
&
Wm.
150,000
_—i.
Co—
Mather &
Morris
Cor-
&
——
Co.—
&
200,000
roeder, Inc
Atwill
Marx
Bleich-
S.
Burns
Inc.
$300,000
200,000
250,000
Co.—
&
& Meeds.
Bissell
bett,
,,
Co.
&
Lemon
Kemp
Martin,
Co.,
200,000
Arnhold
Bonds
Namft—
Bonds
&
underwriter and
underwritten are
■'
of each
principal
of the new bonds
::'V. (rC:-
names
amount
.
^
Stuart
Ames,
(1
approxi¬
will be¬
square
Cruttenden
,
Interest payable
by the use of proceeds of released property, with a premium of
for the 12 months period beginning Oct. 1,
1946, the premium
reduced
1,239,000
tax___.
income
Other
The
notice,
date
1,708,236
inc,-
oper.revenue--
the principal amount thereof and accrued interest
redemption, together (a) if redeemed otherwise than
by the operation of the improvement and sinking fund or the maintenance
and replacement fund provided in the indenture and otherwise
than by the. use in certain instances of proceeds of released property,
witlTa premium' of"l06 for the 12 months period beginning Oct. 1,
1946," and at decreased amounts to par on or after Oct. 1, 1947, and
(b)' if redeemed by the operation of such improvement and sinking*
fund o* maintenance and replacement fund or,
in certain instances,
days
—
profits
excess
Halsey,
principal only; fully
the
2,385,591
; 1,685,659
..$9,600,000
■£■„
Allison-Williams Co.—
200,000
York, N.
1945; due Oct. 1,
private debts,
1,973,476
Net
each
York.
,
885,554
954,764
1,010,322
(net)
F.
to
;
:
in¬
available
Calendar Years
3,075,000
than
tax
Witter & Co.—4.000
>-
April 1 and
year commencing April 1,
1946.
Both principal and
payable in such coin or currency of the United States of
as
at the time of payment is legal tender for the payment
in
other
$22,372,209 $21,619,981 $20,592,324 $18,279,489
10,121,221
9,273,859 1
7,915,542
10,515.669
retirem'ts
income
Federal
1.000
Weld & Co.——
Weeks & Stubbs
Wisconsin
Dean
.250
———
Co
Whiting,
4.000
4-125
1.500
Co.—
Walston,. Hoffman. & \
.250
il! .500
Co
1.000
•
F. Swift & Co
Wagenseller & Durst, Inc.
:
Co.,
was
'U-ii-i-I.-.
.
other
commercial,
-
..
Inc.--—i 4.000
Blodget,
&
.500
Co.—_
and
; 1.500
&
&
Webster
.500
4.000
Henry
(4.000,
&
4.000
Co
&
Staats
R.
&
Sutro
4.000
* 1.000
& Co.—
&
William
4.000
*
1.000
Shuman, Agnew & Co.—
Smith, Barney & Co
1.000
w>
-
Co._———
Schwabacher
1.000
1.500
/
2%% coupon.
1
to
'(**•-'
company has begun a' $9,000,000 expansion
Kansas
a
Dated
30
'
v.:
-v.500
Curtis
Riter &
.500
—I
total operat¬
its
income
corporate
Yr. End.
revs.-
gross
for
Provs.
Taxes
registered bonds in denominations of $1,000,
$5,000 and authorized multiples of $5,000.
Bonds will be redeemable,
as
a
whole at any time or in part from time to time, upon at least
19
Corp.
„
stock),
(.500
Co..—
mortgage
in
Approved
the 8etay Co. Inc., with the surviving company to
Republic Pictures Corp.
The
merger
was
approved
opposition of a small group of stockholders.
■ .
share-for-share
California.
of
Northwest
] Paine, Webber; Jackson
4.125 '
Inc;
Corp..
Ripley
York,
interest
into
a
*
Oct.
as
despite the
'(v. The authorized capitalization of the new corporation
(of 600,000 shares of $10 par $1 cumulative preferred
.625
,
the
America
the Republic
Co.___
bonds, 2%% series due: 1975, at 101.625
j and interest. The issue was awarded Oct. 25 on a bid of
101.139.
Morgan Stanley &
Co. and associates bid
101.06991 and Blyth & Co., Inc., and associates, 100.90
kwh., compared
last year, an in»
held
&
Dayton Power & Light Co.—Bonds Offered—Halsey,
on Oct. 25 offered $28,850,000
*
meeting
2.500
Co.—-'i*;.500
Tully
Co.
Pacific
4.000
.
Anglo California
National Bank of San Francisco, 1 Sansome St., San Francisco, Calif.
Immediate payment of the full redemption price ($103.75 per share)
will be
made upon presentation and surrender of
certificates repre¬
senting said $5 preferred stock.—V.-162-, p. -1886.
•
•
■' * < -
as
at;
Milwaukee
Pacific
.500
Corp.__
Pierce,
Beane
&
Stuart & Co. and associates
$1,388,353
with 172,300,000
of 0.4%
Local
Film Industries; Inc.—Merger
Mitchum,
.250
Co,.
&
Hemphill
of
New
36,000
1
•:
The
Dominick...
its gross
$10,739.
period,
-
Operation
.250
14,669
-
"v!
System output of elec¬
for the week ended Oct.
amounted
distribution
with
^
Inc.—Output—
kwh; for the
~ v
outstanding shares of $5 preferred stock have been called
for redemption on Dec. I, next, at $102.50 per share and dividends.
Payment will be made at the Chase National Bank of the City of
p; 1766.
company
tricity
&
function
,
Total
"
.
Calls $5 Preferred Stock—
899,073
:
one
&: Co.1.000
Fenner
.500
first
Consolidated Edison Co. of New York,
.500
___*
Richards
All
143,420
*630.000
—
the
dividends
„
Inc.
$2,338,096
■
1.000
Co.
$2,481,516
$4,367,746
in
& Co.__
.250
Marks & Co.1.000
Lynch,
'
Co.—
principal
,
1,
of
serially
v-; v.«
Securities
.625
&
and
Maintenance
annum.'." ' '
Co.
M.
Merrill
Kidder, Peabody & Co.—
Kuhn, Loeb & Co,l
; 139,066
63,924
.
Total
Mellon
Kebbon, McCormick &
$2,342,450
$4,083,488
Net income
-V.
474,939
June
its
and
company
company.
SUMMARY. OF EARNINGS
% Net
McDonald
.500
Co.
——
Waldo
67,084
,
699,175
prof, tax (net)
income
18,934
$4,303,821
.1.000;
.
the
it
L.undborg
Mejia
Hornblower
$4,490,034
i
„
holding
and
of
$106.; For
/
Percentage
.
&
r
86,001
tax
.
Lawson,
Irving
Read & Co.
Inc.
.
Hill
$1,373,678
—
income
exc.
State
$1,459,679
charges..
Income
Federal
4.807
19,295
other
Net
&
Harriman
SUBS.)
$4,714,270
which
Lee
Lester
Collins
Hallgarten
1944
•
r> Name
.500
<fc Co
non-utility
a
'
'
Levy & Williams.
' .500
Higginson; Corp.——
1.500
Lehman Brothers.1.'
v 4.000
;
1.500
Glore, Forgan & Co
Goldman, Sachs & Co.—
Graham, Parsons & Co.
1943
1942
Sales, less returns, etc.. $12,581,632 $24,782,077 $22,129,140 $19,800,441
Cost of sales.9,799,266
17.293,557
15,001,354
14,306,076
Sell., gen. & admin, exp.
1,341,914
2,764,442
2,805,030
3,084,829
Net
from-
■
'
75,000
——Years Ended Dec. 31
'45
:
Laurence
Republic
75,000
& Co.
Turben
new
1.000:
The First Boston
Piper, Jaffray & Hopwocd ' 75,000
Rogers & Tracy, Inc
75,000
INCOME
proceeds
July 31,'45
1944 •
1943
1942
Gross revs:
Electric--- $15,587,003 $15,021,843 $14,032,669 $12,264,438
Gas
5,894,825
5,718,432
5,678,061^
5,159,090
K Other operations
'
890,380 '
879,705'
881,594
855,961
proceeds from the
second preferred stock,
Inc.———
Co.,
First California Co.
100,000
&
of
(as
per
1.000'
*
—
200,000
Co
&
1945
1,
maturing
Inc.
Elworthy & Co.—
Equitable Securities Corp.
100,000
6Mos. End
ProVi for bad
&
Dillon,
200,000
Witter
McDonald
June 30,
the
aggregating $21,631. > During the same period, its
including, taxes, amounted to $10,999 and
was
.
'
$200,000
Rollins & Sons, Inc.
be
,.
is
acquiring
,
v
Co.
Estabrook
Kebbon, McCormick & Co.
200.000
CONSOLIDATED
"
'■
business
interest
'
t
353,103 shs.
the.
10.500
Co
Pancoast
the
and
for
the principal
underwriters
and
unsubscribed preferred stock: and
purchased by them severally, are as
of
Davis, Skaggs & Co
Dcwar, Robertson &
was
200.000
:
Beane
"
expenses,
come
of
names
Percentage
&
Davies
follows:
as
ing
;
v
$3,000,000,
Oct.
on
Co.__;-.'—: j ,500
&
Julien
430,0001
Co..
Hemphill, Noyes & Co.— 200,000
C. Langley & Co.
200,000
Fenner
are
Co
&
H.
Dean
W.
Merrill
respectively,
Ritter
430,000
Co..l 430,000
underwriters
several
the
of
names
underwritten
Eastman, Diilon & Co.___$810,000
The
"&
Becker
Central
maturing
renewed,
was
approximately
preferred stock and
Alex, Brown & Sons..
277,500 shs.
date
which
on
*
176,552 shs.'l*
2,261,199 shs.
I
176,552 shs;
:
issuance
Inc.-i*
Co.;
Dominick
UNDERWRITERS-—The
new
Stearns
G.
Blair
Dec..18, 1945.
several
&
Barth
A.
-
^4,000],000
$4,000,000
500,000 shs
Sept.
J
principal amount,
Bateman, Eichler & Co...
$6,225,0001.
,
.'
Outstanding
4
-
Brush, Slocumb
.1,500,000
20-year 3J/4%
Commpn
the
equal
(Inc.)
banks
•
;
of
utility
^ 600,000 shs. '
series)__
for
respective
Bear,
notes
payable to banks, maturIng .serially from 1945-to 1953-j
-
been
FINANCING
7,500,000 shs.
by
of
Name—su.
Outstanding
Authorized
'
notes
shares of
Blyth
J.
and
"
„
nn*
real estate against future Use in
.
Currently, the real estate held
by Miami; consists: of parcels which the company does not presently
require for its .utility operations.
Some of the real estate owned
by Miami is leased to non-affiliates.
As of July 31, 1945, the property
owned by Miami was carried on its books at a gross amount of $608,642.
Fbr the 12
months ended July 31,
1945, Miami had rent rev¬
the
Gross
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
'
consists,
..
"■
■
have
Exchange.'.'
TO, PRESENT
par)-,
percentages
second
preferred stock to
follows:-;..;.
,
2'/4%
of
of
the
sizes.-.;'.;:
.J'-;•
The corporation manufactures all of the
eigars'sold by it and its
subsidiaries.
The manufacturing plants are located at
Philadelphia;.
Lancaster.-Coplay, West Pittstbn and' Allen! own. Pa.; Camden and
Perth Amboy, N. J., and Poughkeepsie;"*N^Y; J
/
r
.•V
: , * .
by
(no
■.AUNDERWRITERS—The
presently sold by* the corporation and its. subsidiaries
as .",6c", ."3 for 25c",; and. ;.'f file and up" cigars,;
determined
29,
•
together with treasury funds, to the redemption on Dec. 1/ 1945, at
$102.50 per share plus dividends from Sept. l, 1945,. of all unexchanged
of $5 preferred stock.
*
.«
<•
1
1
'
known,
being
Gas
funds a ^ubstantial jiart^of^the cashexj-
~
$2,100,000
repay
Miamlv^Miami
176,552
Sept.
•
-
stock
shares
The* various-
.
*""
•
*
Stock
par
$2,400,000
for the
Masters, El
Dutch
are
El
and
York
EFFECT
(initial
appurtenances
10
sales
total net dollar
Lovera
and
on
on
preferred
years, respectively, bearing interest at 2lA%
PURPOSE—Company intends to apply the net
subsidiaries
of
months
Harvester,
stock.($5
and
1945)
manufacturing
and
selling cigars. . The
principal
and its subsidiaries, thfe net dollar sales of
■
of
;jto 10
incorporated May 14,
are
engaged in
was
New
.
pfd. stk. .(no par)
financed
corporation
constituted
1944
year
of
the
to¬
Columbia
.
$5 cumulative';
Oct. 13,- 1945.
NOTE—Company has committed itself to purchase timber and timber-
proceeds..(estimated at $3,945,408)].. together with
corporation, are to be applied to the redemption on
Nov.' 30,! 1945, of 39,393 shares of $4.75 cumulative preferred stock at
$102.50
per--.; share
and accrued
dividends." The
aggregate
amount
required to be paid upon Such 'redemption is $4,€68^969.
its
2nd
cum.
lands
the
and
cum.-
Common
..
BUSINESS—Corporation
stock
were,
f;>V-'; Authorized
PURP6SE-~-Net
AND
the
on
stk.
Delaware. * Corporation
stock
"
classes
GrVING
pfd.
in
$2,848,600,
the company in connection with the recent acquisition
electric utility properties.
From'its general funds, the com¬
will
enues
listing
pfd.
HISTORY
preferred
preferred
company's-outstanding
•
both
of
Cumulative
..
thfe
'
"
offer.
$4.20
than
..
cumulative
second
of
preferred stock and-160,800 shares of new second
pursuant to the exchange offer to the"
-cumulative
preferred, stock- who
accepted
such
CAPITALIZATION,
.
Feb.
through the sinking fund may be credited
against sinking fund requirements.
Redeemable gt option of corpora¬
tion as a
whole or
in part at any time on 30 days' notice. j Also
redeemable through the operation of the sinking fund in amounts of
not less than $10,000. on' 30" days'
notice, ori April 1, 1956i and on ahy'
interest-payment dates thereafter;
-*-•
1919,
ap¬
a
pended
new
in the aggregate to ledeem $3,800,000 of
ing fund payments may be made in cash or debentures and debentures
other funds of
be
to
outstandi¬
$1,326,000 old
now
' fWhTJ^ S
5»i
are "issuable
LISTING—Shares
authorized
15, 1965,
debentures.
Sink¬
sufficient
of
exchange
1965.
$4.20
Company's exchange offer expired
stock
preferred
of
holders
preferred stock.
~
],..
the-
redeemed
otherwise
are
ng,
of certain
cumulative
$4
to
321,802 shares of
Interest payableApril. 1 and
Oct. -1. - Coupon debentures in denomination of $1,000, registerable as
to principal only.
Sinking fund payments vn'Feb. 15, * 1956. and on
1,
of
offered
Consolidated
1,
"
for
plied to
p.
shares
353,103
shares
man,
Dated Oct
of
-
The
—
..
'•:*
-335,335
- $2.64-
$3.42
'
1945,
t
share—
1886:
31,
bonds.
new
case.
*■
■
1,115,475
outstanding
July
V
and
PURPOSE—Net
pany
■'
1
$1,524,038
2,461,600
—v.;i62;
of
as
'
will issue
company
,
inc.; & excess profits,; taxes.
Earnings
all of the outstanding
consideration, the company
to the principal amount of
:
1945
:Frpfft'*---—' $887,661
Shares
Co.
constituting
Miami.
.,
Federal;
Development
Crown
Zellerbach
which were used by the company in connection with the acquisition
Oerp,—Unexchanged Shares Of¬
of the electric properties and will purchase the securities of
Miami
fered—Blyth & Co., Inc., and associates on Oct. 15 of¬
Development Co.
Interest on the old bonds to the redemption dates
fered 31,301 shares of $4.20 cumulative
preferred stock ; thereof will be paid from the general funds, of the company.
(no par) at $102.50 per share nrtd dividend and 15,752.
CAPITALIZATION GIVING EFFECT TO REFINANCING
V
1
shares of $4 cumulative second preferred stock
; V
(no par)
•
Authorized
Outstanding
First, mtge. bds.;* 2%% ser. due 1975—
at $112.50 per share."'
;
$28,850,000
These shares-represent the bal¬
Cumul. 'pfd. stk.,.AVac/o
ser. ($100 par)
..* 150,000 shs..
100,000 shs.
ance
of 353,103 shares 'of $4.20 'preferred* and
176,552 • Common stock (no par)__„_
50©,00©shs. >*
360,000 shs.
shares of $4 second preferred not taken in-^the com¬
;;V ACQUISITION OF MIAMI—Company proposes to acquire-from Co¬
pany's exchange offer,
v.
''H. lumbia all of the* outstanding common stock and indebtedness of
r
■
;
to
amount
The
in
.
,
to
issue of new
stock (no
the
common
Miami
redemption at their respective
redemption prices, namely, 106Va for the old 2% bonds and 103 W
for the old 3 V* %
bonds, plus accrued interest to the redemption date
'
(no
of
of
and the stated value of the common stock plus undistrib¬
surplus accrued since date of acquisition by Columbia (an aggre¬
The
$1,410,594, approximately-. $1,000,000 of
purchase of additional machinery and
cover
the -purchase*;of real estate at
the
$350,000
Ind. -V.
Marion,
for
by Columbia and
$606,603).
v..'
y
loans
demand
loans
gate
stock
common
income
and indebtedness
uted
""'J
v..
■
$565,968
owned
will
manufac¬
rayon
and
securities
yarns
1422.
p.
common
presently
of. the
are
equipment
1
\
,
& Electric Corp., prior to or simultaneously with
bonds, will make a cash contribution of $2,000,000 to
stock equity of the company.
The
par),?
spinning
rayon
'
PLAN
Gas
new
company,
prior to or simultaneously with
bonds,' will acquire from Columbia, 1,000 shares of
post¬
1944;
..
$4,230,165
^ ;
chargesv-i——----m'--
after
of
has
company
with
which will
,*
*
^
(Including DomesticSUbsidtartes)...
9 Months Ended Sept. 30—i
Profit
!'as
Crosley
Corp.
as
of
a
record
date
to
be
announced
will
receive
rights to subscribe 'for shares
of
Crosley •Motors, Inc., on a share-for-share basis at $6 per share. CAny stock
not subscribed for may be disposed of
by the board of directors.
No
underwriting agreement has been
!*
vy.":.'
'
'
Publications, Inc.—Earnings—-
*
«
that
Crosley Motors, Inc.—Files Registration with SEC—
Shareholders
8.5
251,981,146 for the corresponding week in
18,077,264,
Conde Nast
'
-the
operations
some
technique of
The
par)
hour
compared with
as
decrease -of
patents,"
include
7.9
output of electric energy of subsidiaries
of
this
corporation adjusted to show general business conditions of-.,
territory served for the week ended Oct. 18. 1945 amounted to 233,903,- .
a
announced
had
it
processing
turing
1886
weekly
22
.;
,
7.9
T 193,196,000 1
Commonwealth & Southern
882,
"These
Decrease
176,795,000*
The
;,.
'
190,705,000
.
176,186,000
Oct.
p.
the
(England)-—Purchases Patents—
Oct.
on
patents
and
.
162,
Ohio,
and
four
past
.j..-.
.
1944
..v;
.
175,137,000.
13
-
REFINANCING
Columbia
v
- ** ;y
purchased from Industrial Rayon Corp., Cleve¬
issued by Great Britain and its Dominions, and
countries
of
continental
Europe,
covering Industrial Rayon's
con¬
tinuous process for the manufacture of viscose
rayon yarn.''
'
the
of
totals
output
corporation
program
land,
./•'
Weekly Output—
ir-.:jl945
20
Oct.
*:•
;
,
<
percentage
Week Ended—
Oct.
day to 400 tons..
\\' V
.
2013
i
■
kilowatthour
'■'!
Courtaulds, Ltd.
This
war
Electricity output of the Commonwealth Edison group of companies,
excluding sales to other electric. utilities, for., the week ended Oct. 20,
1945, showed a 7.9%
decrease
from
the corresponding
period last,,
year.-
W;.;
a
the issue of
,V
Commonwealth Edison Co.-
566."
p.
present output of 190 tons
a
m,
■
Allen,
V. 162, p.
production from
sugar
San-
U50.000
....
Yantis &
i,
Co.,
\
^00,000
Inc.
-v
i'.
T-
'
■
v,
THE COMMERCIAL & FINANCIAL CHRONICLE
>014
x
The
iuthority
to
>rder
simplify
to
merge
Its
pare down fixed
liabilities with respect to
organized
State
tax
1936,
Co.,
marks
time
the
Truscon
of
Steei
^ai revenues
:
'
of the
stock
for
Y., L. & W., owned
ox the jmerger.-rr!y;.
and .the N.
company
canceled
on
of the
All
Passaic
tne
companv.
consummation
.
company,
preferred stockholders into five, shares of class A com¬
mon "stock for a period
up to and including Oct. 1, -1947, ana into four
shares for a further period until Jan. l, 1951:^ «'•/(
"i'K ?>.
Shareholders also voted to increase the number of authoried* shares
option
lo2,
■
12 Months Ended
futility
expenses
Normal' and
Excess
•
.
.
of
1945
<-1944
utility operations———! $76,366,528 $93,996,718
Sept. 30—
from
earnings
Gross
(& Subs.)—Earnings—
'
;
—
surtax-
—,
profits tax
—;
—-*
prior to date of impounding orders
9,040,000
in provision due to impounding*,—Crl3,123,000
income
Balance,
utility
from
operations
'
income..
misceJaneous
$10,594,604 $12,832,326
*
funded
on
from
1511.
1511.
D.
p.
700,000,
;*
income
*Revi8ed.
tions
tOperating
depreciation
for
and
than
income
and
taxes,-
"
«
To Redeem $19,000,000 Bonds—
The
directors
bonds at
4%
provided
F
105 %
in
for
bonds,
have
$49,000,000,
Dec.
on
part
issued
authorized
in
of
31
short
by
1935
the
Industries, Inc.—Transfer Agents—
Harriman
Brothers
,
.
the
for
was
of
total
The
loans.
1965,
Period End.
of
Operating
York, trustee under the mort- ^
jage, will select by lot the $19,000,000 to be redeemed.—V. 162, p. 1887.
Bankers Trust Co. of New
Balance
Raynolds
Co.—Class
A
Stock, Offered—An
underwriting group headed by Shields & Co. on Oct. 23
offered publicly 6,799 shares of class A stock at $64.75
per share.
The stock offered is a part of a total issue of
40,437 shares and includes that portion of 35,827 shares
on which subscription warrants issued
by the company
to the present holders of class A stock and class B com¬
stock were not exercised prior to their expiration
Oct. 20.
J
'
(For list of underwriters of preferred stock
Stockholders
class
The
have
stock
A
class
and
a
change
previously
stock
A
authorized
^
PURPOSE—During
jthe outstanding
the
of
capital
^consideration
financed
,loans
«>f
of
itreasury,
taken
at
of
B
value
a
These
approximately
class
of
$12.50
to
of
of
New
American
$8
stock
by
and
the
balance
by
for
company
net
loans,
the
above
if any,
proceeds,
then
and
to
be
added
reimbursing
the
treasury
of
to
Tance
redeem
with
Truscon
$328,500
the
finance
cumulative
the
balance
of
It
T.
Laboratories,
of
balance
purchase
added
Inc.,
money
the
to
Associated
with
Shields
&
first
in
to
5%
mortgage
funds of
general
contemplated expansion
acquired subsidiaries.
recently
subsidiary,
a
the
sales
part
the
it
serial
Eastman,
and
Dillon
Hill
to
and
y
•
•
(N.
Y.)
and
and
of
from
paint and varnish
whom
the
partnership
-William
in
Post
Fletehc.
Sts.,
N.
rnSeiBQoa!v,
Ifrfw
the
and
Y.
businesses
into
long line of
the
the
paint
and
W.
April
Devoe
1917 s
6
of
a
and
C.
T
company
derived,
was
business
a
business
1864
the
Devoe
Raynolds
into
1754
of
Water
division
paint
factory,
the
and
and
continued
the
varnish
'tae
South*
varnish
latest
in
a
which
company
for .over
80
had
Co.,
factory and
years
manu-
business of the paint and"
a
Louisville, Ky„ including
lacquer plant at Louisville,
a number of cities in
1945—12 Mos.—1944
$6,658,905 $69,671,336
$65,874,952
2,641,841
26,373,084
433.713
4,637,653
4,388,484
512,247
5,221,626
5.279.032
25,264,718
73,914
73,914
886,977
-519,322
1,037,943
1,271,357
13,730,344
428,572
517,524
5,416,772
13,357,330
5.156.033
$991,193
$1,208,304
$13,404,877
Dr94,236
>
in
1919
and
which
f rf ^ ^ne °f ^dustrial finishes
.
J.),
in
used
by
4,498
$1,212 803
-295,361
389,852
4,223,681
$687,190
$822,951
$9,036,959
_
i
142,854
dividend
88,431
1,496.547
$10,583,506
to
applicable
as
minority
to
parent
2,145,262
1
from subsidiary
deductions above:
as
11,427
$8,426,817
company
to
parent
...
companies,
$6,407,412
applic.
>
,
15,167
thp
.
;
stocks
to
preferred
on
144,157
$6,673,957
598.874
31.
1938
at
The
which
Co. were acquired
of the outstanding capital
founded
in
1893.
This
-
for
of
parent
stock
stock
common
share
of
share of
Oct.
of
$8,001,932
company
parent
$6,195,694
2,119.092
2,221,553
com-
and
common
common
surplus...
will
Merger—
of
due
H,
series
-
i
stock
,
$3,974,141
V $3.08
v
stock
be
Rollins &
REFLECT THE PROPOSED
TO
•
tUnlimited
Outstanding
-
.
$16,500,000
3,495,000
(1946-1957)__> $4,000,000
$100)
(par
issued
———
$7.50)—i-!—v
is
sold
and
by
except
unlimited
y
the company.
at any time under
bonds may be issued
contained in the mortgage
accordance
with
the
that additional
restrictions
'
supplemental indentures.
SUMMARY
'
(Florida
•
Total
FORMA CONSOLIDATED
OF PRO
Power
Corp.
"
expenses
Electricity
for
for
Prov.
Years Ended Dec. 31-
Fed.
1943
1942
$8,809,708
$7,666,560
4,352,985
3,930,627
3,189,668
taxes
Gross
223.615
115,310
592,742
617,435
906,039
,;s:: 909.803
931.265
679,000 !
671,500
104,600
■12.162
658,849
•v! 601,000
64,300
494,900 V.";
2,700 i
568,430
$2,034,285
$1,879,197
$1,714,096
113,974
95,731
15,954
$2,110,149
income
597,259
$2,148,259
$1,974,928
$1,730,050
926,996
917.45i
883,964
868,826
$1,230,808
$1^090,964
$861,224
160,000
160.000
160,000
!'$1,070,808
$930,964
$701,224
>
12.756
637,215
129,571
(net)—..
11.160
$1,980,578
Operating income
$1.69
..
13.161
v
tax_
tax
_T
$2.08
!
949.247
101 300
tax
profits
/
672,894
70 7.309
«'
depreciation^,!
income
170,906
; : < 63,324,
!____
income
excess
Other
1944
4.643,116
—_
■
and Georgia Power & Light Co.)
$9,562,666
___
purchased
!
resale
f'
EARNINGS
$9,795,884
revenues_„
oper.
Other income
$2.30
The
share.
a'
July 31, '45
stock before giv-
i
facilities'
bid of $16,260
a
on
amount of bonds which may be outstanding
Federal
$5,882,840
22
Year Ended
478,264
ing effect to reduction in Federal income
taxes resulting from amortisation of emer¬
gency
listing,
the.
authorized
2%
bonds,
\
-72,390
110,383
\
.per
has
Exchange
ADJUSTED
49,999
48,440
:
pany
per
67,501
$539,355
' • "
mortgage
162, p. 1639. "
.
'i
debentures
pfd.
in
only
or
$8,600,806
Earnings
Earnings
'
'
Stock
awarded
$6,407,412
taxes and interest
Balance
'
'•
consolidated
was
indenture
State
->
67,501
$593,022
surplus—i.!
—
York
Maintenance
;
258,641
$606,857
"Gengas" plan,
tThe
included
Total
Dividends
stock' and
common
first
Operating
Balance
$62,116
$49,806
.j.—
1390.;"
issue
shares
com¬
declared.!.....
!.
dividends
Interest
Expenses,
232,667
$660,523
21,467 y
18,284
\,
Zv*
60,000 shs.
40,000 shs,
1,000,000 shs.
.1,000,000shs.
*In
connection with the plan of divestment of "Gengas," the
authorized 3,000,000 shares (no pai) common stock, having a stated
value
of
$2.25 per share,
have been reclassified into an authorized
issue of 1,000,000 shares of common stock (par $7.50), of which 857,143
Shares have now been exchanged for the 3,000,000 shares of common
stock owned by General Gas & Electric Corp." The balance of 142,857
9,397
-
Earnings from other sources..;.^.....—
'•*-
'
r"
,
?Ccmrpon stock (par
$6,416,809
interests
above.
Preferred
V
serial
-
\
6,735
$365,498
$893,190
$83,584
Authorized
2,208,959
$8,438,244
;
$8,426,817
applicable
earnings
Earnings
-'»
$68,091
! CAPITALIZATION
the
of
"
26,551
Florida
.
,
pany,
"
.
Atlantic^ poasit Line RR.,- above.—V. 162, p. 1639.
3»/4%
$8,625,768
requirements
applicable
Balance
;
First'mtge. bonds, 3%% series due '74
742,285
$911,382
i
Balance
4,577
FINANCING
$13,310,640 $12,009,046
$830,044
Balance
Amount
;
Florida East jboast Ry;—Proposed
Of the
Federal
in
taxes
Preferred
1,262
-U PURPOSE—The proceeds received by the company from the sale of
142,857 shares.- of common stock % re to be applied,, in order of pay- y'
ment,
as
followsapproximately $50,000 to defray
the company's y
portion of the expense of this financing, $500,000 to the payment of
bank loans, and the balance for completion of the construction of a
25,000-kilowatt generating unit at the company's Inglis plant.
With the consent of the trustees of Associated Gas & Electric Corp.,
parent of General Gas & Electric Corp., the order cf the SEC dated
July 25, 1945, approving the plan of divestment of (tssets, simplifica¬
tion of corporate structure and equitable distribution of voting power ,
(Gengas
plan)
provided,
among
other things, that
"the Agecorp
trustees
divest themselves of all direct and indirect
interest in and
control over any and all properties and businesses ol Florida Power
Corp. and Georgia Power & Light Co., in any appropriate manner not /
in contravention of the applicable provisions of the Act and the rules.;
and regulations thereunder,
within one year from the effective date
of the plan or within such longer period (not to exceed one additional
year) as may be permitted for good cause pursuant to Section 11 (c)
;
of the Act."
The effective date of the plan has not yet been fixed, but r
it is contemplated
that it will be a date prior to the end of the
year
1945.
The sale of the 396,383 shares proposed to be sold by
"Gengas" plus the distribution of 460,759 shares to the public holders
of "Gengas" common stock, class A and B, pursuant to the
"Gengas
plan," will accomplish the divestment required by the Commission's
order.
The proceeds received by "Gengas" will be distributed to the
trustees of Associated Gas & Electric Corp.
in lieu of the shares of
common
stock of the company distributable to them under the terms
$7,883,433
amort.—!
income
income
•
162,*p.
The
4.125,562
■
Balance
;!',.:
,
!
'
automobile
manufacturers "
consolidation, became effective May
(N.
Dr8,640
$982,552
net—
—
tReduction
of all kinds, including
^the c^pa^JyPerty and business 01 Jo«es-Dabney
A^ril'o19,45' lh^C0ra^any Co.
ac<luired all
of Bcckwith-Chandler
eneaeed
;
Cumul.
\
$66,828
net.—1
99,015
revenues—
and
364,909
$858,762
income,
$51500,000
$11,910,030
—
taxes J,
were
jftainte, varnishes, lacquers and synthetic resins
I furniture, refrigerator,
and
other
industrial
stock
(inc.) (& Subs.)-—Earns.
of
°USe dlstribution branches in
organized
Interest
been
•
finerger and
market.—
acquis.
income
Balance
■
t
the business of Wadsworth,
a
liquidated in 1942 and
a?
}
company, continuing the manufacture and
6i io?n t^iaf€/n> feu <e llnes of paint and vanish products.
<*•>
8 the industrial business of the company was expanded by
h
consolidation into the company of Jones-Dabney Co.
(Del.),
which
was
va rn
the
389,191
Other income,
'
of
By the consolidation of these
industry
abov.e-"amed subsidiaries
«
$5,288,267
taxes;-!——
-Raynolds
bu$inpsses
company in 1917 it became the
the business founded in 1754.
Peaslee-Gaulbert
a
for
ready
a
and
years operated independently of each
a consolidation and organized the above-
acquired
I9,28, of company acquired the
the
vanmh
models
1945—Month—1944!
•_
plant
oper.
393,457
$866,639
Erie[jR^
;
Net
t
when
'products8 and distributing the Bay State line' of paint and' varnish
^
new
331,173
adjustments
*Federal
'
dealers has just been
2,036,278
Amort/of
diversified '
in
corner
t'
C
which
entered
founded
the
at
Inc.,
and
sale
Mass.,
in
8.6
,
revenues
Depreciation
Net
and
W.
Ih/^1 ^i6^192^' theof Boston, acquired
®°mpany
'Rowland & Co., Inc.,
}active
F.
Co.,
Devoe
F.
ReynoJds interests.
to
of
&
manufacture
present
successors
York
(111.), both of
In
?T^
which
Hudson
Co.
paint
City.
an«
corporations,
have
to
Engineers Public Service jCo.
Other
Raynolds
acquired
a
1892 they effected
L
xiamed
&
products.
of
name
1852
established
in
properties
Devoe
S.
New
n1;"'"
incorporated
[companies were engaged in the
line
hopes
1316.
p.
Maintenance
^
%
to
company
same
161,
31,547
$79,006
187,737
First Boston Corp., Harriman Ripley. Ac Co., Inc., ?md ,{1! H."
! gons. Inc., bid $16,109 $ share.
Co.
C,°'UKalman & ComPany, Inc.; R.
& Co.
.-i-...
Raynolds Co.
10.6
"• •
'
production is attained,
President, said, adding that watches being made now
as
those produced prior to the
war.
By next spring
Potter
A.
Operating
Operation
&
HISTORY—Company was
,and acquired all the assets
9.571
8,683
r
s
-
Period End. Aug. 31—
&
I
.
;
include the system inputs of any
appearing in hoth periods,—V, 162, p. 1888.
company
v
in the offering are:
Lee Higginson
Co.; Ladenburg, Thalmann & Co.; Graham
Co.; Paine, Webber, Jackson &
Curtis; Singer
Deane &
Scribner; Auchincloss, Parker & Redpath; Otis &
Co.; Baker
Watts
& Co.; Moore, Leonard &
Lynch; Stein Bros. & Boyce; Farwell' Chap-
Corp.;
Parsons
s
f Amount Pet.
*2,960
*1$
figures do not
first • shipment of watches to clyilian
by. this company, it Is announced. ,'
;
probably be early 1946 before large
the
V.
bonds
company
\
•
ad-
an
enable
the
of
as
above
will
the
in
.
\
^
are
to the redemption of the
stock;
Light
' 1944!
166)052
1945
169,012
Elgin National Watch Co.—Initial Post-rWar Shipment
the
preferred
as
&
NOTE—The
The
$3,500,000 Debentures Offered—An underwriting group
headed by Shields & Co., on Oct. 26 offered to the
public
J>3,500,000 20-year 2%% sinking fund debentures due Oct.
I, 1965 at 100% and interest.
|27,014 shares of 5%
Co., Electric Power &! Light Corp.,- and
as compared with the corresponding week
follows, in thousands of kilowatt-hours:
Light Co.,
'
working capital.
company
>
18, 1945, the system inputs of
operat¬
Services, Inc., which are'subsidiaries of
-790417
made
:
«r,°.cee^s wiU be aPPlled by the
Pcwer
companies not
the
to
Power
> «,-•..
client
Ebasco
&, Light
the
expenditures:
mentioned
to
of
-101,193
;
813,591
]Power: Corp.—Common Stock Offered—Kid¬
der," Peabody & Co. and Merrill Lynch, Pierce, Fenner
& Beane jointly headed a group of underwriters which
on Oct. 24 offered to the public at $17 per share 539,240
shares (of which 76,793 shares will he: reserved against
subscription rights of certain stockholders4 of General ;
Gas & Electric Corp.) of common stock (par $7.50).
Of |
the shares offered 142,857 are being issued and sold
Flonda! Power Corp. and the remainder, 396,383,; are
already outstanding and part of the 857,143 shares owned ;
t General Gas
& Electric Corp.
S150,542^v$142^63^ $1^0^474V $1,393,916
Power &
*Increase.
923,714
revenues..
oper,
Se^
1639.
80,846
!
61,208
March f5,1953.—V.
93 661
92,510
were
treasury cash., On Aug. 31, 1945, $1,000,000 of these loans
off
by
the further
application" of treasury cash. : The
of
the shares of class A stock now offered will first be
applied
to
the
extent
received
to
the
payment
of
the
remaining
bank
.
and
Corp.
•
proceeds
$500,000 of
divs.
.
fr/Decrease :
Electric
286,288
72,956
34,252
taxes_w
income
;s The. New
v
1,300,255
44,672
v
short-term
paid
were
.1,460,802
98,658
44,305 L.
Rational Power & Light Co.
of
use
110,171
Operating Bubs, of—
American P<wer & Light Co.
the delivery-7
held in the;:':
previously
share,
per
v
I.
l
;
290,982
par
to
.
acquisitions
$80,000 by
for
during 1944, were
:>V.'
$1,500,000
York,
common
$1
:
40,371
companies
National
the
share.
per
value.
par
$2,038,000.
Trust Co.
; 2i
v
split-up
24,153
subsid¬
For the "week ended Oct,
year
the company acquired all of
Beckwith-Chandler Co. and 99.8%
Laboratories, Inc., for ap aggregate
of
Truscon
extent
from Guaranty
shares of
10,000
share
value
par
without
current
stock
of
the
approximately
the
to
the
capital
stock
in
was
its
—v
President,-".Walter
of
^Ebasco Services/Inc.-^eekly Input~ri:>
ing
see V. 162, p. 1887.1
2«/2-for-one
a
V
'
24,333
"/-Balanccfor
•
mon
on
its
(net)
162, p.
191,527
'
preferred! dividend; reguire)tnphts!«!!!i!!^!!!!^[
^
1945--Mdhth—19^4 ^94^2-12; m6s^1944.v!
$930,685 $ll,733;722 $11,413,127 -
surplus ,!
—V.
i;281,325
21,472
Balance;-—
$914,171
applicable
Balance
$3,792,614
1,322,707
16,286
_•
Balance;,.!!
income, expenses,
etc.
$3,989,028
Inter^st^afidTamort._ i_ ,!
.
•
to
——
Other
in
^
'
Associates—Earnings^--
Sept. 30—
from
EUA
v
&
20,000
revenues
iaries
Devoe
>
Granted Official^ >.
shares
has granted
purchase
to
Eastern Utilities
series ,:
amount
Net
Other
of
year. •
bank
October,
.
$19,000,000 series F
This redemption will be, „/
sale
104,369
other taxes
7
Co.
&
v
corporation
option
by
$458,555
$321,758
$333,438
—...
.
H. Simson an
.value'.capital stock,
which are now held in the treasury; at a price of-$4.25 <per share for
the period
from June 28, 1945 to June 28, rl&50,''art<i "at"' $4.50"pershare for the period from June 29, 1950 to. June 28, 1955, on which
latter date the option expires.—V.- 162, p.
s
The
s
,,
-
calling
this
term
due
'
Federal
,
.
'
Durfc-Te^t .Corp.—Option
i
.
accruals for all taxes
and
paid
$900,000
1945—12 Mos.—1944
1945—Month—1944
Depreciation
•'*'I
reserve,
post-war adjustments,
of
;
Co.—Earnings—
Operation
7:
have' been. appointedi transfer
agents for the preferred stock, 3%%. series.—V. 162, p.' 1887.;:^r ;
r
charges, current appropria¬
provision for accelerated
maintenance
(depreciation)
<.$0.66
$1.67
,»
dividend
nonrecurring
$1,282,678
$3,182,944
7
118,780
Operating revenues
value; to, 1,800.000-'$1
-
w
Brown
r
$8,270,«766
$6,030,595
-
—
retirement
to
other
—
par.
:%
Maintenance-
.:■*:-V'l
Net
$1
v-
; •
^rp<--Sto.clc Offered^MeJlon i' Securities Corp^y
V "
T' ;
>
Dresser
income—$10,872,586 $13,033,036
and unfunded debt_^_._4,841,9907
4,762,270
corporate
Interest
extraordinary
Paso Electric
El
;
^
Gross
f.
162
162,
1638.
p.
200,710
277,982
■,
,urplu8...j
Period End. Aug. 31—
on Oct. 26 offered 73,232 shares of common stock
at
$26.50 per-share. -The shares arc issued and outstanding
and are being sold by certain stockholders;— V. 162,
i:
Other
stock
common
v'
Reduction
[
A
value.—V.
value;—V.
Dravo
made
Prov.
267
$3,484,230
2.119.092 ;; 2.221,552
$5,302,038
commo„ stock and
sharevof common stock.—
per
$3,484,498
.
the
of
class
Dar
par
65,751,392
3,546,000
11,861,000
66,329,925
—•'. 3,525,000
—
$5,302,036
.
..
"
Detroit Edison Co.
17,615
30,531
Elimination^ of tl>e B.% preferred stock wljl reduce the<jannual fixed y;, a subsidiary company/.. tlncludcs final common dividend of
paid by Savannah Electric and Power Co. incident to the
dividend charges by $J39,500.
...... .
,
i
April. 1945.—V. 162, p. 1280.r
The new 5%
'
-' ■'$25 par preferred shares are to be convertible at-the
stock of the Erie
: the
Chester
by the D./L. & W.; will be
Newark .Company.
York
New
217,333
V
283,989
s?—rr»rtr-
v;->'
The stockholders on Oct. 23 approved a plan pf recapitalization, un-!:!- Balance.for dividends audi surplus———
der--which the company will rid itself of the 185,943. shares-of-8% $25
r re;ei:r?® myiaemw...—--r-—
par preferred stock now outstanding.
These share.; will be"reclassified
'Includes
Central
243,047
7 284.353
—
^
/!' ':;;!.
! ;
.
Earnings
;ash
•
,—;tT;
taxes—
B?lance
k
--------
Pkin* Ap- y iiten™J~T/-2:ZZ~ZZ~ZZ~
industries, Joe .—Recapitalization
y
r
$3,962,494
$5,900,910
1._^——
Domestic
proved—
46,950
26,042
'
———
•
25,440 •[
120,187 ...
23.968
+534,154
investments—!!
yp..;l887./V;^
/
12,499
25.440
———
•.
.
$3,697,448
48,499
.
———_—23,000
jpwn„.
Ys
.
*$5,279,774
>
P
1944
,
———
miscellaneous
and now
ONLY)
1945;
miscei.aneous revenue
located in Long Island City, N. Y.
Since April, 1945, the .has
acquired
additional
shares iof
Truscon
Laboratori^,-.owns 99.8%
of the outstanding capital stock.—V. 162,;-
building
COMPANY
.
''
note
on
from
Revenue
*
——_———„
bonds——
% Interest on
Interest
——'
dividends
Preferred
buildings re¬
and
land
Co.
Mich.,
1.
-
companies:
subsidiary
dividends
Common
Truscon
the
from
acquired
it
from
Revenue
inventories, office furniture, fixtures and equipment, trade'♦
trade names and an undivided V2 interest in a warehouse
and
company
Inc.,
>
of
which
at
12 Months End. August 31—r
y
;>;
<PARENT
STATEMENT
INCOME
COMPARATIVE
.
stock
Division
Monday, October 29, 1945
manufacture of railroad ..and':.*
V"'.
:
/
the
comprising the offices and plant, propowned by the Truscon .Laboratories Division of Truscon .as
well as personal
and other property used: in plant
operations,
D„
seven
in
also acquired more-than 95%
of the
Truscon
Laboratories, .; Inc.
(Mich.),
company
Hamtramck,
erty • then
Steel
L. & W. under
,ts present corporate, title,
are: Syracuse, Blnghamton & New York
5tR. Co., Sussex RR. Co.,
Erie & Central New York RR. Co., Passaic
fe Delaware RR. Co., Chester RR. Co., Newark & Bloomfield RR., and
New York, Lackawanna & Western Railroad Co.
(of Pennsylvania), i,.
i The D., L. & W. said that under lease of the Syracuse company
properties it was obliged to pay »s rental to holders of that company s
itock 12% a year on the par value of the stock; to holders oX Sussex
company capital stock 2%
a year, and to holders of Newark company
jtock 6% a year.
8uch total fixed charges for these and other com¬
panies formerly leased amounted to $7,181,922 In 1944, according to
The
in
in
located
..
1944, according to the application.
companies
to
be merged with the
In
>07,107
and
specializing
the
capital
Laooratories
charges
structure,
corporate
rentals
jaid the lesser companies.
A settlement with the State of New Jersey
for property taxes and Interest penalties cost the D.
L. & W. $15,Federal
avoid
ind
ly*o,
outstanding
asked
been
product finishes.
April,
in
,
the Interstate Commerce Commission for
seven of Its leased lines Into the D., L. ic W., In
has
company
has
company
industrial
^Delaware, Lackawanna & Western RR.—Asks Merger
Approval—
; • !
..." 1- •.
v
'Excluding reductions
in
12
to
and
in
months
of
applied
Federal
facilities
expected
against
'income
under
to
1945
(1)
and
shown separately and (2) of $7,228,029
in 12 months of 1944, related
items
taxes
the
as
charged directly to surplus.
tReduction
resulting from amortization of emergency.'
Internal
be. emp'.oyed
replace existing facilities.
Total
income
*.
income
deducts,,
.
•
$2,091,177
Revenue
Code,
throughout their
V-
which
normal
''
life
facilities,
are
not;
and
'
Net
Annual div.
preferred
$1,183,153
160,000 :
stocks
•
to
Balance
'
,
requires, on
-
$1,023,153
*
.
•K:JV
Volume
162
"
Number 4433
THE
DIVIDENDS—It is the present inteffffffin of the
company, subject to a
continuance of earnings at
substantially the present level and subject
to conditions, which
might adversely affect the company, to continue a'
quarterly dividend policy.
Based on the present leVel of earnings it is
expected such dividends will be paid at the rate of 80 cents
per share
annually
the shares to
on
financing.
of
the
on
or
After
to
sale
outstanding
the
of
declare
Dec.
HISTORY
»
the
directors
about
be
20,' 1945.'.
AND
stock"
'•
of
it
cents
20
is
The
...
of
payable
-
.
.
acquired.
Co.,
them serving
Clearwater
Construction of St. Petersburg
in 1924, Inglis steam
completed
and
environs,
Universal
and
has extended
ing
company's
central
Florida
merged.
I
and
qf
service
inhabitants
100
and
-The
renders
of
-i
,
based
inhabitants
its
the
on
towns
rural
and
35"incorporated
1940 .Federal
properties
of* the
communities.
be utilized at
and
cities
census.
energy
••
-
generated
at
>
necessary
-with
the
Corp.,
fees
point
effect
the
on
the
as
This
Wyo-
ENDED
at
approvals,
of
its
all
properties
gas
at
?
and
t
and
2,335,884
;
Kidder, Peabody & Cc.
.
__________
/
to
?
31
1942
"■ A
$1,303,741
and
Government
$230,891
145
(./',( 7, 857
■f'i 24,550
>
1
.$56,487
:<■
and
$164,554
1950——
the
&.
surtax.
(&
for
?
'
-
•
net
6,940,596
13,700
57,604
o
,
.
$35,411-
.
net_
.:
I
——
12
'V.
J
2,651
r,-,r..■
2,651
1^986
v
167,781
0
$481,680
$631,197
21,750
17,283
'1717,952
___>
.
.
Johnson, Lane, Space & Co., Inc. _:
T iPPH
" Whpoloi*
|i.Leedy, .Wheeler Jff 'Ort
& Co.
:i.
.
•The Milwaukee Co.
Riter & Co; '_
:
^
•
:
Co.
Hamlin & Lunt
The.: Ohio Co.,
_•'
Farwell, Chapman &
&
1,060
Merrill, Turben
MilLous.
8s
Moore, Leonard
795
795
&
Stubbs. Smith & Lombardo,
Harold E. Wood & ,Co. —J
PRIOR
plan,
stock
common
will
be
857,143
distributed.
The
shares
of
the
shares
of
^of one share for each 30 shares held.—V.
J
\
The
cents
31
directors
per
share
have
on
declared
$2.20
tp holders qf record
initial
an
cumulative
on Oct.
quarterly
preferred
15,1945.—V.
dividend
stock,
of
payable
55
Oct.
162, p. 1639.
;
*
Frontier Refining: Co.j
Cheyenne, Wyo. — Debentures
Offered—An issue of $400,000 5%
sinking fund deben-
tures
v
'
recently offered at 1001/2 and interest by Boett¬
cher & Co.,
Peters, Writer & Christensen, Inc., and Sidlo,
Simons; Roberts & Co., all of Denver, Colo.
;
was
.Total
Interest
authorized
payable
$500,000.
on
March
payable
in lawful-money, of
United States National
Dated
1
Sept.
and
the
1,
Sept.
United
1.
1945;
due
Principal
States
of
Sept.
and
loan
from
amount
of
the
Reconstruction
$171,389;
(2)
to
pay
Finance
for
Corp..; in
making
certain
,16,760
1,
1950.
the
approximate
the
1945
holders
to
of
account
of
of
out
divi¬
security
to 'these
effect
NINE
MONTHS
ENDED
1944
1945
SEPT.
*
30 "
1943
1942
$77,828
$124,131
V $110,479
$119,990
11,361
8,798
8,511
1,464
4,388
1,185
4,400
8,445
..$141,343
$124,861
i.—.—„
'
divs.,__„
,
^
from
Expenses
.
tfr-l-
lapsed
opts.
37,949
„
Balance.
Federal
8,257
6,538
.*
1,000
112
Income
'
taxes__
$93,061
'650
550
$92,736
34,894
$103,239
31,800
:.. $103,394 •" (.'■
——„—■„—
$137,946 ;I,
34,707
,
$57,842
•
'
Other
1,759
1,635
1~776
76,874
76,761
.( 86,573
$14,115
$14,890
—_4J——
taxes
"^754
■
1
int. & taxes under
Deb.
Inden.
X';■
——_
income
$24,111
——
profits or
COMPARATIVE
ASSETS—
%
losses. " tLoss.
91,269
,
t$38,181
;
;
'
■
"
SHEET
BALANCE
"
.
"66*,946.
43,748
22,733
26,051
94,388
5,466
110,494
103,610
S.
banks
$582,078
Accounts
30.0,000
$292,078
$250,533
309,044
120,657
receivable
and
1
——
100,000
securities—100,000
hand
on
3,563
127,915
3,047
receivable—9,439
5,902
...————292,011
securities
for
interest
accrued
sold
1,028
1,028
$4,556,294
$4,390,479
equipment (less allowance for deprec.)—
$550,533
290,000
$567,137
281,000
$3,722,888
-
and
'
1
$3,885,108
Government
in
*
w——265,145
stocks
—I
Bonds
Cash
'•'*
V
'■
Sept. 30,'45 Dec. 31,'44
Common
Preferred
?
Total
ih
$46;616
in
.1945,
1942 market
$286,137
'
L.
-
$37,640
value of
in
1944,
securities
$28,134
received
as
1943,
in
Accounts
Other
and
dividends.
""
BALANCE SHEET,
SEPT. 30,
for securities purchased—_
$40,300
payable—2,887
payable
accounts
Debenture
interest
accrued
$3,677
-
25,000
r
accrued
—
3,672
———-—3,609
credits:
:'■
Proceeds from unexpired options-————
675
Convertible debentures, 5%, due 1953———
2,000,000
Pref. stock—$6 div; series (12,438 shares)—_ ;
1,243,800
Unadjusted
stock—$5.50
Pref.
•.
stock
Common
1945
Capital
ASSETS—Cash,
$3,087,563; receivable for securities sold; $137,252;.
receivable, interest accrued, etc., $70,012; securities, at? cost,
total, $23,336,307.
'
t ^
"
Earned
surplus
(10
div.
series
cents
(200
shares)——
par)
purch.
for
—
2,000,000
932,850
15,000
20,000
.
237,248
——
pfd. stock
"
920,704
„-■■■■
retirement—
j
.
66,989
—
——_
surplus
dividend
$6
LIABILITIES—Dividend
preferred
stock
payable Oct. 1,
1945,
$69,750; payable for securities purchased, $81,829; reserve for taxes,
etc., $30,000; $4.50 cumulative preferred stock (par $100), $6,200,000;
common
stock/(par
$1);
$1,479,840;
capital
surplus,
$12,485,574;
profit on" securities sold, less dividends'paid therefrom," $2,402,902;
'
undistributed
on
$586,411;- total,
(income,
$23,336,307.—V,
■J-
Dr4,918
66,989
1,236,654
131,638
s±r
•5% Debentures Called—
-t
the $2,000,000 outstanding 5>
been called for redemption on
Payment
interest.
162/ p.; 247.
1
Cieji^ ^Electric, jCo.---Announces New Development—
The first aviation engine using both jet propulsion and the
tional propeller was announced by this company on Oct. 23.
two-forms ;of
The
/
utilize
the
stated,
have
power
been
combined
by
special characteristics of each.
This has
use of an axial-flow compressor
area
and by a system of reduction
frontal
for jets,
in
of high
will
unit
done,
it
to
was
with low
whereby the turbine
reduced to the less than
a
given amount of low-grade fuel, such
provide more propulsive power than would
for
as
'
1
-
jet engine or
Leases
it
An
but it was stated
kerosene, the unit
be
Is
the
of
reported
Fair
Press
this
Alpaca
.dispatch
company has
Plant
transformers.—V.
No.
162,
p.
2
from
:
Net
of
Mass.,
leased, with an option
in Holyoke, Mass., for the
1889.
\( , .
:
,
to
net
corporation
before
deducting
bank
loans,
were
$20,-.
assets
preferred
stock
purchase,
1945
and
Total
manufacture
- - •
of
assets
June 30,
that
states
:i
,
with $15,508,955 at Sept. 30,
Net assets on Sept. 30, 1945
Indicated an asset coverage of $192.74 per share of preferred stock;
and $4.68 per share of common stock after deducting $105 and divi¬
dends
accrued
and
in
arrears
for each
share of
preferred stock.
*
Pittsfield,
.
141,544 on Sept. 30, 1945, as compared
1944
and $18,561,844 on June 30, 1945.
be possible
The
Holyoke Plant—
Associated
1Q1
General Shareholdings Corp.—Nine Months Report—
a
_
•
at
next,
(
\ '
for either
reciprocating engine using high-octane gasoline.
It
is known
that all
the new, big
bombers under development to
supersede such giants as. the B-29 have been designed so that jet or
this
combination
can
be
installed.
(New
York
"Times.") a
24,
the option of the holders thereof into $5.50 pre¬
ferred stock on the basis of one share of preferred stock in exchange
for each $100 principal amount of debentures.
Shares of stock so
issued
will not carry any right to dividends accrued or in arrears
prior to date of issuance.
Including dividends normally payable oa
Nov. 1, 1945, arrearages on the $5.50 preferred stock will amount to>
$30.25 per share.—V. 162, p. 1889.
gears
are
,
would
been
Nov.
be converted at
may
conven¬
single
capacity
rpm. at which speed a propeller is efficient.
'
The total horsepower of the unit was not revealed,
2,000
that
a
convertible
debentures
due
and
made at the Bank of New York, trustee.
48 Wall Street, New York, N. Y.
..»•*
On or before the tenth day prior to Nov. 24, 1945, these debentures
of
have
1953
..
v
$4,390,479
——————r————$4,556,294
Total
/( All
about
'
on Sept. 30,
1944 were equivalent to $141.69 per share
stock and $1.75 per share of common stock, while on
the asset coverages were $175.33 per share of, preferred^
$3.70
bond
5.7%
,
■
per
share
of
common
holdings of the company
of gross assets while the
stock.
at
Sept.
preferred
V
-
30,
;
1945 represented
portfolio ac-
stock
1
..
K
record
cumulative
declared
were
on
Total
47,897
'
interest
changes .in
1,
on
preferred
;
57,108
$771,840
T?~600
"232,600
$256,103
dividends
America
gt office
of
Bank^of Denver;' trustee, in Denver, Colo.
■1 iPURPOSE—Net
proceeds are to be used: (1) to pay off an existing
giving
STATEMENT,
$714,732
$766,144
fi=
$488,603
speeds up to 20,000 rpm., useful
V
and
J'
dividend
$6
dividend
$20,041,479;
162, p. 1889.
JFroedtert Grain & Matting Co., Inc.—Initial Dividend
,
were
arrears
.f Exclusive of security
.
being sold by the company.
Conser
quently, public stockholders of record. Oct 26 of Gengas will be
given
the right for a period of 12
days ending Nov. 5, 1945, to subscribe to
76,793 shares of the common stock at $16,2601 per
share, in the ratio
"v
stocte,:<
Rev.
provision for Federal income tax has been made in view
company's election to be taxed as a regulated investment
company
and the intention to distribute substantially all the net
income from interest' and dividend's land the "net profit from s^le of
'
of
stock
common
■■
the
of
of
Gas & Electric Corp.,:' to whom are
distributable under the
Gengas plan 396;383 shares of common stock included in this
offering,
have informed the purchasers that
they do not intend to purchase any
the
on
the $5.50
■
NOTE—No
.
Associated
-
After
Interest
Taxes
stock
trustees
share
per
on
Nov.
on
dividends
in
divs.
Taxable, stock
U.
——
'Includes
company, is entitled to the preemptive right to subscribe to all
the .142,857 shares of new
common stock' being sold by the cbmf
pany.
Gengas does not, as such, intend to exercise such
right but is
undertaking to make such right available to the holders of its securi¬
ties to whom, under the terms of the
Gengas
.company's
payable
and
r
securities.
common
$3
share
per
manage¬
«
.33,638
.
11,744
114,605/:
pfd. stock—
on
$20,724
2,205
the
of
dividends
$2.75'
and
l'oanr
The
LIABILITIES—
of
the
;
$695,697
~CrlI
.
Profit
SUBSCRIPTION RIGHTS OF CERTAIN GENGAS.
By virute of Florida law, Gengas, as the sole holder of
of
treatment.
1942. '
■I
paid & accrued.
registrar, trus-
profit
Divs'.
2,205
195
1945
These
Income—cash
Office
STOCKHOLDERS
.
30
,
$749,383
$662,059
,
$614,940
'expenses
Net
2,205
795
•
■
.
preferential
■
Dividends
2,205
.
given
are
contains certain other restrictions which the
be reasonable in a loan of this character.
declared
1945.
accrued
* INCOME
V
.
2,205
795
,
Inc:
Other
2,205
795
Lynch
Scott, Horner & Mason, Inc.
Taxes
2.205
795
u
'1943
debentures
on
Trans'.,
2,205
795
McKnight, Inc.
:.i
and
$1.79
was
■ft
1944
40,365
income
^■::''We^:;etc^;:expenses4^
2.940
Co.
&
Martin
Int.
2,940
,
1,060
1945
payments the cumulative
unpaid dividends, including the dividends normally payable on Ndv. 1,
1945, amount to $33 per share on the $6 dividend preferred stock
,;,and $30.25 per share on the $5.50 dividend preferred stock or an
.aggregate of $414,854.
:
4
r
f-•''''<■'
2,940
1,060
Stringfellow
Curfciss,' House 8s Co.
Kalman & Co., Inc,
30,
_
Total
2,940
C
:
11,
profit surplus.
inc,—Preferred Stock. Offered—
$574,575
.
2,940
1,060
&
$543,475
233,660
account fqr nine months ended sept.
bonds—
on
•
V
Investments;
3,674
2,940
Gardner
y 233,660
23,
dends
-•* 'f*
stocks__*—
on
to
stock
were
Oct.
'Net
2,940
Newhard, Cook & Co.
Reinholdt
v
stock
common
"'1945""'
^Divs."
June
on
$1.04.
securities
also
Oct.
stock
3,674
6
1,060
Co.
(:;;105,oo6
$431,933
"
l! 3,674
v,
.
.1,060
1,060
Co.
i/T 71,497
General American Investors Co.-
2,940
Johnston,-Lemon & Co.
7,935
*
$33,826
{parv$50) at $53
Interest
stock
common
was
obligation
preferred
Of the
INCOME
e,
the
1944
believes
deb.
5,514
1,060
Co.
&
■
5,514
.
1,326
Ball, Burge & Kraus
$648,482
underwriting syndicate headed by Lehman Brothers,
Co., and Blair & Co., Inc., on Oct. 26 offered
70,000 shares of ^^^-cumulati-ve convertible preferred
.5.514
5,514
t
,
1,326
1,326
.
_____________
on
f $503,431
Emanuel &
4,410
•
1,986
.1,986
.1,986
1,986
31,
agreement
An
M,514;|
..enA
1*590
.
J
Loewi & Co.
162, p. 1391.
stock
$5,243,612,
directors
ment
5.514
1,986
,
McCormick &. Co.
'
i.tou
1,986
.
;
declared
'
"
5,514"
1,986
1,986
R. S. Dickson JBs Co.. Inc
Clefhent A; Evans .&CCo., Inc.
r
—
-r —-"v., ___2
3,403
—1.1yJjj
$39,750
$31,813
;
after
of
After
carrying a lower rate of interest.
On Oct.
11,
voted
to
call
for
redemption on Nov. 24,
1945 the
debentures, 5%
convertible series due Jan. 1,
1953.
On
the same date corporatibn executed a loan agreement with the Central
Hanover Bank and Trust C6. for a ten-year, unsecured loan bearing
an
annual interest
rate
of
2*4%, in the amount of $2,000,000 to
provide the'funds for this purpose.
This loan agreement provides
for
quarterly
amortisation
payments
of
$50,000
and
contains
a
covenant
requiring the
corporation
to
maintain
assets
at
market
value equal to
150% of the1 loan outstanding except that cash and
1,436,833
s[514 | will be used for the purchase of machinery; and the bal5.514 i ance- will be.
added to Working capital and Will be used
to finance sales arid for inventory requirements.—V.
5,514
162,
5,514
p. 1889.
1,986
1,986
Bempsey & Co.
E. Mast en
-
Dec.
dnother
6,388,978
per share and dividend. r;^; y'■
pet proceeds, approximately $2,200,000 will be
8.82Q I used in payment of the purchase price ol approximately
7,349
; 92% of the outstanding capital stock of Buckeye Traction
7^349
Ditcher Co; ■ Of the" remainder approximately $200,000
7,349
2,651
:
$37,230
.Gar/.Wood Industries,
9,557
was
taxes
'
deductions
income
Dividends
8,820
3,180
Co.
,
-Net
14,334
3,443
;
Bacon,; Whipple 8s Co.
Bo^worth, Chftnute, Loughridge & Co.
Scott
Income
-"
1945,
investments.
of
management has been studying for some time the possibility
of
taking advantage of the present low interest rates through a
refunding
of;'the
corporation's
outstanding
5%
debentures ^witta
;
1,705 ( j
''
p 1,818
appreciation
The
.
1,193,924
675,078
$38,043
•
"
Income,
Corp.—rQuarteriy Report—
assets on Sept. 30,
'income "and' other
$2,000,000
C
166,103
of
Federal
.
value- for
asset
$9,457,382- $9,342,743 1
130,800
if' 55,280
value
for
on
1945—12 Mos.—1944
1
'
dispatch from Indianapolis, Ind., states that the
has purchased from the Defense' Plant
division
$228;QQ0 ']pn the
deducting $2,000,000
of debentures,
the balance'of assets was equal to $257.67 per share
of preferred stock on
Sept. 30,
1945.
After a further deduction of
the- preferred stock- at
$100 per share and $452,568 of undeclared
cumulative
dividends
on
the
preferred
stock, the remaining assets
were
equal to $2.29 per share of common stock on that date.
The
;
$7,100
400,Q00
-
market
.unrealized
the1
'; v
Subs.)—Earnings^
118,900
'
■
'
to
war
The
150,000 shs/ v'vj 121,923 shs..
:.'13,9Q0
•
tax__
Press
Allison
allowance
25,267
&
Co.
Stroud & Co., Inc.
A.
Newiil, Is
Mr.
an
aluminum foundry at Bedford, Ihd., and will produce
castings for general lndustrial purposes, making
industry the gltuninum casting processes developed during
for liquid-cooled aircraft1 engines.—V. 162, p. 1889.
'J
available
.Outstanding,
VI
.500,000
$807,203 .r, $817,083
,\>l 581,388
579,258
Gross income
.
12,498
&
Allison-Bedford
according to
were
Associated
On
4,502
Biair
the
as
1
available
government
12,498
_
JReynolds &
William
known
high grade aluminum
May -31,- 1945. • }■ fC'K'yy
Authorized
' T u ".:?
-
dated
vi 1945—Month—1944
deduct.-
normal
exc.
Other
Torreyi.-^.-._i_„__>____L_._x»—4,502
&
be
the acquisition,
Corporation
$78,620
to present financing
revenues .^— .?:
yi; pperating iricome
12,864
Collins
will
"
which
An
including -management
-$6,500; and
1944,
1
w
and
*
Period End. Aug. 3l—
25,267
-
;•
5,166
_
Julien
It
of
General Public Service
$69,013
taxes
;$l.)y.
.
13,231.
Co.
;Central Republic Co. ,<Inc.)>
•
equipment.
i03,ooq
.
profits
Depreciation
12,864
Anthony
Kebbon.
and
corporation's
19,550
/
150;000
$11,500
Fed.
4,636
&
De-.
the
from
'
$231,037 ;v 'f $201,170
25,773 (■
'
oil
May 31,
debentures.'due Sept.'1,
Fed.
4,769
Dain
division
Allison
,
$200,312
'105,000
rontract
purchase?'' contract;
Oper. .revenue
.
4,636
&
Witter &
V
v
9,106
:
—j—
Marks
Hemphill, "Noyes & Co.
M.
corporation's
Buys Foundry in Indiana—
1,103,429
$198,663 %:
220,000
,
M.
-
1,123 V
^-yTtkl2:v^:$ll6,m
U./S.
Operating
y
25,267
25,267
I 9,10611.
—
J.
See also
'' r
share.
per
to Industry aluminum casting technique and
proc-.
developed during the war for liquid-cooled aircraft
engines. Pilot plant operations will be under way by Nov. 30 and fullscale operations are expected
during January. ,,
►' V
,
i
Mr. Newiil also announced that the management of the Antjoch
Foundry at Yellow Springs, Ohio, also owned by GM, has been as¬
sumed by Allison.:
'
" '•
.UNDfERWRITERS-—The j'namesi ot the, underwriters rare:. Boettcher '
Co., Peters, Writer, Christensen, Inc., and
Sidlo, Simons, Roberts
Co.—V. 162, p.-,984*
■
•.V
;;
;
25,268
-
9,106
Shields & Co
Tucker.
by the
Corporation
primary purpose
make
esses
-
1945
Utilities
;
9,106
3li. Fi Rothschild & Co.
Dean
r®6ord
production of
Foundry.
the
••
; 1,236,298
.
$199,787
29,520
taxes
Galveston-Houston Co.
25,268
9,106
_
Hallgarten & Co.
Cohu &
——
subscribe, on or before Nov. 5, 1945,
of Florida Rower Corp. to the ekteht of>.
($7.50 par)
purchase
Plant
the
plants
&
&
together
9,106
White, Weld & Co.'
Horablowef &:Weeksx___
M.
Corp.—Eights to
to
of the aluminum.foundry at Bedford, Ind.#1
high-grade castings for general industrial pur¬
poses was announced on Oct. 23 by E. B. Newill, General Manager of
the, division.
The foundry,
which was operated during the war by
the
Delco-Remy division *of GM was purchased complete with aU
for
the
for
•••-
''
from;
Company If Gengas
Merrill Lynch;, Pierce, Fenner & Beaiie
'Rear, Stearns & .Co..
Goldman, Sachs & Co.
——————IIIIIIII
Laurence
right
each 30
shares held,' at $16.2601
Corp., above.—V. 162, p. 1639.
Power
The
fense
Purchased
f^Verthelm & Co,
for
the
General Motors Corp.—Unit Buys Aluminum Plant—
♦
Universal
,
1943
*<",
i
•/
•
1,442,110
£366,295
Common, shares' (par
,
approximately
business,
s'
>,•<?••
'
'
J
5'/o
may
i
unit,
Orlando,'' Fla., to Florida
from-
t
UNDERWRITERS—The names of the several underwriters of the
common stock; together with'
the/number -,of shares* underwritten: by
each, are as follows:
\
•'' " - * " *
" * *
/
*
Number of Shares^
-r'
share
one
Florida
The
$2,701,271- $1,640,773 y $1,467,190
oper.
charges
for Federal
Instalment
.
building located
' :"1944
cra?.italizati9n," giving effect
fire-
y
s-
stock
a
,-If
extends
MAY
given
Electric
stock class A and common stock class B of
common
are
common
for
company
process
period,
license
26
refining
cracked.
-
system
company
a
to
front
company, for a base price of $1,210,000.
i
i
The company is informed that Florida
Utilities-Corp. has entered
into negotiations
to
assign its contract to Savannah-St. Augustine
Gas Co.
;
be
the
this
oil
months'
YEARS
' '
1945
respectively;
Winter Park, Lake Maitland; Orange City,
dale of Jan. 20, 1945, the - company
a
contract for the sale, subject to
securing the approvals
regulatory bodies having jurisdiction and Certain other
office
to
granted
use
crude
12
license.'
EARNINGS,
-'"i
.^After-deducting, gasoline
non-affiliated
a
sales
Net Iricome
.
have 'been
purchases
any
that in
so
"J Under
of '; certain
in
Gas &
Holders of
.
Oct.
IV,
requirements for distribution to,
10,000 customers in Orlando,
DeLand and Sanford.
into
has
to
■
of
any
$365,386
v.: .908
ProV.
~
substantially all of the papduction facilities
Company
manufactures
gas
and
distributes
it
entered
continue
operat-^
'
<
;
.
Georgia
company and
1929.
Georgia
operate
*
AND
and
revenues
of
Other
y
towns
t
any other point
,
:Total' income'
.
miles
State
power
substantially all of its
customers, t Electric
may
will
/'
approximately 68,300 electric
incorporated cities and towns
85
of
operated as a single system since
company
license
barrel
in
the
cancel
Net
?'/y
service /to
.approximately 16,360. electritf *
electric
-
the
among
physical
to
$10,000
expenses' ".T—
11
200,000
incorporated
was
Universal
patents.'
i
Cost
,.
unincorporated towns and rural communities.
The area, served
approximately 7,500 square miles, with a population of approximately
is
'f
to
unincorporated
xxXX'
customers
i
electric
the
among
Georgia
a
right
the
sales
ing
;:V
y-H'; ■■/■y
y:
t
gensus.
.
Products- Co.
below
SALES
.xr*
•"*•' %
comprises an area of approximately T8,500 square
population of approximately 575,000 based on the 1945
a
of
"Net
Florida Public Service Co. and Sanford Gas "Co.,
Sante Fe Land Co.," a subsidiary,- were
renders
excess
the
life
adjacent areas, thereby extend¬
Gulf coast of Florida and from
territory
"with
has
fall
to
along, the
Georgia State line.
the
to
'
ih
electric service
1944,
customers
The
royalties
,
corporations,■•-and
Company
General
,
.
its
operations
9n ^anaffiliated
Oil
.
generating station in" 1926, and Jack¬
son's Bluff
hydro-electric generating station in 1929.
From
time to
time the company has
acquired distribution systems in various Com¬
munities from certain
individuals, corporations" and municipalities and
constructed-.transmission lines connecting these distribution systems,-
-
Wyo., estimated at $318,575.
$116,700) have been paid out' - '
'
■' '
'
PROPERTY—Company
a
non-exclusive, non-assignable
monthly royalty ol' 3 cents per
were
generating station was
steam
Cheyenne,
(approximately
products
at
wholesale
and
and
the exploration
for,^ and production of, crude petroleum.
Company's refinery at' present consists of a
topping plant with a
75,000 / barrel
monthly
crude
oil
capacity
and
a
Dubbs « thermal
cracking unit,
constructed
in
1941,; with a monthly 27,000 barrel
cracking capacity.
The Dubbs thermal cracking unit
operates pur¬
suant 'to
a
patented process,
the
patents
to
which
are
owned
by
the
.
Lighting
AND
201S
retail
.
.Clearwater
costs
treasury fuhds of the company.
Company's-principal business is and
crude
petroleum,
distributing petroleum
of St.
name
at
company
additional
the
12,; 1940, Company is authorized to
engage in the business
of exploring for,
producing and refining crude oil and of distributing
petroleum products at wholesale and retail.
BUSINESS—Company
18, 1899, under
the
ming June
was
incorporated in Florida'
Petersburg Electric Light & Power Co.
Name
changed to St. Petersburg Lighting Co.
(in
1915),
theri
to
Pinellas County Power Co. (in
1923), and finally to the present name
of Florida
Power Corp
(in "1927).
On Dec.
18, 1943, company was
reincorporated.
From
1899 to 1922 operations were confined t,o St."
Petersburg and immediately adjacent area."
In 1922 properties
of
July
of
BUSINESS
the-intention
share,
per
•'
"*
'
offered
now
dividend
a
refinery
the completion of- this
upon
COMMERCIAL & FINANCIAL CHRONICLE
fJ''•
;
liiif ub« i
*t**wmWf4Wm!iv4Ni «**ftC4ft ttfatoiew
THE COMMERCIAL & FINANCIAL CHRONICLE
2016
counted
7.5%
for
investment
and
stocks for 80.1%.
North American Co., its_
common
of The
stock
in
The
5.5%,i
INCOME
v
NINE MONTHS ENDED
STATEMENT,
Dividends
1944
1943
$46,339
"
____
-
$29,418
319,789
488,732
——-
-
dividend
of
Total
Ilarris-Seybold-Potter Co.—Debentures Called—
•'
All
of
tures
$34,118
352,738
expenses
the
due
39,750
Net
income
in
•$272,187
in
$6.3C
stock.
30,000
6,506
1,
1951,
render
36,414
4,483
.
issued
of
loaned
for securities pur¬
bank loans due March 31, 1946, interest
2%
per annum,
$2,650,000; $6 cum. preferred stock (90,750 shares
no
par), $2,268,750; common stock
($1 par), $1,602,441; surplus,
$9,627,330;; total, $16,353,780^—V. 162, p. 457. ' 1
-' ' ;
■ ; >
;X
t
;7-V0 00
chased
for
expenses,
when issued, $104,438;
'
Period—
,
upon
a
stock
in
will
29
^
i^
•
entitled
be
\
vote.
to
no
Net
after
earns,
all chgs. and taxes
outstanding
share
--V,
per
162,
570.
p.
254,172
$0.92
^
$0.88
—_
-
The
Owing
to
the labor shortage and
the enforced curtailment of
production, with resulting losses, the directors on Oct. 18 announced
that they felt it necessary to conserve cash resources and accordingly
took no action regarding a dividend on the common stock
usually
laid
declared
time.
with
also
Commercial Co.
,
(a
Street,
Stock
Y.,
N.
the
for
(The)
Griess-Pfleger Tanning
Operation
Maintenance
c
.
'
The company has called for redemption on Dec, 31, next,
of convertible registered capital Income debentures at 100 and.
Payment will be made at its office at
V. 160, p. 2646.
,
,
,
V.
•'
.
$100,000
r-
directors
.The
authorized
have
the'purchase
of
dlfeAel engines,
24
''
■
'
Co.—V.
162,
1513
pp.
and
Period End. Aug. 31-
Operation.'
0^0^-00
586,246
Maintenance
85,169
Depreciation
128,600
Amort,
of
plant
adjustments
Federal
r
Other'
____j_:;
inc.,
revenues..
net
16,150
395,521
112,028
193,809
4,241,584
1,332,998
$336,333
1,738
$3,533,136
37,737
116,492
;
oper.
Other
16,150
369,425
taxes..
$318,979
(Dr)___
953
Balance.
$318,026
&
Net
income—J
•Reduction " in
Federal
income
$334,595
77,149
99,578
amortization
taxes
■
$235,016
1,217,015
of the- fares.
5,715
'
,
At
43,592
537,097
Preferred
for
surplus.—
,,i
fac.lities are expected to
not to
life
and
under the
24
^
The
proposed
-charter
company s
under
certain
malled
purchases
permitting
definite
conditions
that
desire
ra
to
sell
would
are
this
$2,005,057
Internal
162, p.
Revenue
,
of
its
now
quoted at
from
$53
in
accordance
of
its
of
owners
stock
to
along
with
common
Hanna
with
$55
same
Is entitled
price,
and
to
an
ir more
is
offered
EARNINGS OF
AND
the
total
income
taxes__
Pfd.
profits
divs.
1945-9 Mos —1944
$6 056 482
73 437
70 532
oH'Io?
5*8,470
1,679,465
1,425,*618
285,602
1,142,061
1,481,555
of
Com.
paid
shs.
divs.
$1,210,015
$3,337,463
$3 078,777
103,255
355,512
106,250
355,906
318,760
863,387
+443,966
862,724
1,016,961
l,016,96t
1,016,961
$2.97
1 016,961
$2.59
during
paid
•Allowance
has
sh._,
been
$1.21
made
for
$1.09.
accelerated amortization of
war faci.ities and resultant
reductions in Federal taxes.
fThe regular quarterly dividends were
paid March and June
•
certain
1, 1944,
common
;
.
deferred
162, .p. ,1393.:
repairs
and
$2,591,512
of ac¬
a
>
:
result
>
as
.
.
entire
present
lawn
•
^
mowers,
by
Complaint---
generator sets, bumping units, railway motor cars, etc.,
acquisition has diversified and broadened its operation.
-
"
,
,,
Industrial Rayon Corp.—Sells English Patents—
•'
;
this
161, p, 568.
See
Courtaulds, Ltd.,
.
above.—V. 161, p. 2787.
(The) Insurance Co, for the "State of Pennsylvania—
New Director—
;
;
1 P. Blodgett has been elected*
a director -and has been
fill vacancies created by the
resignation of Ben-Fleming Sessel." Mr. Blodgett is a director • and
Vice-President of Tri-Continental Corp. and its associated companies.
4:
Thurston
appointed
H.
&
its
on
it
M.,
receives
downtown
the
was
permitted
line
fare
the
to
executive committee
to
,/^V.y. 156, :p.;;342.:/^;.::^^
to
from
or
increases
from
the
Utah
^
its
on
fare
lines
Pennsylvania
jobber
for
interchange
on
between
now
held
this
Radio
the
nounces
since
tokens
11
or
Detrola
International
passengers
.
paid
10-cent
on
cents
8.64
,
average
alternate
an
and
;
;
cents
7.64
and
available
Corp.—Proposed Expansion—
Products, Chicago, a division of this corporation,
of its transformer division, particularly in
expansion
fields.
industrial
from
stock
will
The
to
has
established
an¬
the
of types of transformers
than double that bfore the war.
number
be more
now
addition
In
models to their post-war line,
transformer division to manufac¬
specific applications. Included will
be hermetically sealed types as well as the new hypersil transformers
which Utah engineers helped to develop during the war.
•
!
0 Utah's new 1946 radio parts catalog covering the complete line of
transformers not only
for radio sets but for public address equip¬
ment, radio transmitting equipment, and other industrial uses, will
be available shortly after Jan.' 1.*
Utah
ture
now
spec'al
adding
many
a
transformers
type
new
special
for
.
„
Merger. Soon. Effective—
Universal
Cooler
Corp.
below.—V.
162,
p.
1769.
v
Co.—Output Now at 12% of Capa¬
International
and
the
Fowler
,W' :■>
if materials are
and- sent about 200
year-end
Harvester
Co.—Plans
$100,000,000
Ex-
about
or
10.000
McCormick,
President,
states
this company has plans lor a
$100,000,000 expansion program "if" it can get the men and materials.
He said it was planned to spend $47,000,000 on a piant at Wood
to
available.
River, 111., and more than $5,000,000 on a plant at Memphis, Tenn.,
questioned how.soon these installations could bevbuilt.- One .of
many
machines
Mr.
McCormick said he was pushing was /a t
mechanical cotton picker for the South.—V. 161, p. 1427.
.;. •. ■
;
but
the
week.
the
ably more than most companies.
with
reconversion
right
after
factories
cars
the
of
troubles.
first
the company
strike held
its
cost
Hudson
company
is
spending
an
Some idea of
the relative
gained
totals
from
about
Asked
the
to
the
that
about
new
car
He said
Administration
OPA
utilize
example,
of
some
item
catches
importance
the
of
the
up
1945,
.?-r
these
expenditures
depreciated plant
company's
may
on
on
disbursement.
•, >
Brickley informed the Court that interest was paiid at the
6% annually until last April when 2% was paid with Court
of
approval because the money for payment of the 3%
semi-annual
requirement was not available.The situation is about the same f at
present time, Mr. Brickley stated, pointing out that there • is
available
cash
of
$783,223, whereas a ?%
payment would
require
be
account
prices,
Hudson
on
Mr.
has
Barit
had
declined
discussions
to
predict
with
the
what
Office
$797,040.
In order to pay 2% there would be
The
2%
payment was opposed by counsel
prices but has not yet submitted a request
needed $531,360." i-."t
for holders of som^
of debentures, who asked the Court, if it would not allow
the full payment, to permit a disbursement of 2V2%
in view of the
amount of money on hand available for meeting interest requirements.
$160,000
employment
hit 18,000 and the company plans
it reaches peak output on automobiles/
-""i;■:::"
■ v:1"
Oct.
;
the
1171.
directors
;
.
Mr.
rate
prices.
wartime
'
2%—
Judge Francis J. W. Ford of the U. S. District Court at BQstbn,
Mass., on Oct. 22 approved the petition of Bartholomew A. Brickiey/
trustee for the System, for authority to pay semi-annual interest of
2%
on
the 6%
debentures.
The payment will be made on Nov. 1.
A similar payment was approved
by the Court covering the April 1,
in
$2,000,000, Mr. Barit said.
The
additional
$2,000,000
for
improvements.
Illinois Central RR.—To Call
The
For
that
this
Interest Payment of
production
difficulties
about
20,000 workers when
162, p.
up
$16,000,000.
they would be.
Price
fact
so
International Hydro-Electric System—Court Approves
has been beset
produced and labor
also held back output.
being
Reconversion
to
so
five-week
were
can't
are
With
—v.
Even
A
cars
suppliers have
get enough propeller rods now,
warehoused until the supply of
production.
Hudson
Hudson's
issued at end
of period—
Earns, per com.
to
of
group will be made, available to Indian Motocycle Co.
manufacturing facilities of the latter company will be
new modern machinery to meet the expected expand¬
ing demand; for motorcycles.
•
The
group of companies .headed by,-Mr. Rogers manufactures dehumidilication and.air conditioning equipment, diesel engines,
power
>'362,311
'
the
of
two automobile producers that have gotten back into
Hudson's
reconversion
was
aided
by
the
fact
that
it
about 67% of its finished product in its own
plant, consider¬
makes
among all of those
$6,232,428
- .
V
t
shares
subsidiary of North
North American hteht
„
One
authorized
$1,338,410
period
Common
f
.
ago,
be
Power
a
^supplemented by
production,
of
Net
.
.
will
cars
-
Co.,
Rogers.
'/The
company has already produced
new. cars
out for reviewing
to dealers and * expects to be able to sample Its
2,500 dealers by mid-November.
The first dealer showing of the new
amounts
25,625
230,021..
and
The
securi-
23,750
Qeprec. and deplet—__
for
before
12,000 cars
stock
SUBSIDIARIES
Period End. Sep., 3C-,
•1945—3 Mos,-1944
Net inc. after all chgs.
.$2,505,943. $2,033,712
Int. on long-term debt
Federal
stocks
producing about 120 cars^a day now,
capacity, which is about 950 daily, it is stated.
Barit,
President, said that Hudson can produce
E.
Illinois
"
400,000
of
Light
by
Power,
.
1,193,667
company ,is
of
Light &
amendment.
transfer
The, purchase was made from the Lawrence Aeronautical
slightly, in excess of 50% Pf the outstanding stock
Motocycle Co.
Atlas had approximately a 40% interest in
the transaction. / .
.
*
'
*
' *•'
•' '
The group or companies headed by Ralph B. Rogers includes Rogers
DieselAircraft Corp.,. the.-Edwards.Co._ the Hill Diesel Engine:Co.,
and the Ideal Power Lawn Mower Co;. The management and facilities
$2,953,823
-
A.
.
COMPANY
$2,934,023
\
'
389,588
j;
12%
a
stockholder of the
to sell his stock at the
than
the
figure
revenue
This
of
the
every
Purchases will be prorated
offeringTo self"
$4,147,490
;
the H. & M. said.
It also pointed out that in the
the Commission leading to the increased fares on
line-, the Commission had "admonished" it to look for
years
city—
asking any stockholder to sell
opportunity in accordance
equal opportunity
stock
cent
downtown
the
Indian
See
common
other
more limited
per share."
charter, under which
company
preferred
to
Hudson Motor Car
stock-
common
current market for
h»«^Littter' continues: "We are not
with
rhi vJmc of ft PLy VTesentl?%
terms
the
94,066
conference.
No further word
having been received from the Penn¬
sylvania, the H. & M. filed its complaint, it said.—V. 162, p. 1513.
>;
inheritance tax payments," the letter states.
a share for some substantial blocks
m«oney.
:
a
1392.
oTthht &KtnX iith »v,aCftept $47
5J118„s*oc,t although the
stock is3
13,749
.
According to the complaint, the H. °& M. was in correspondence
the Pennsylvania concerning the increase in the former's share
of
the passenger fares, the final communication from the
Pennsyl¬
vania, dated Aug. 15, saying that road expected soon to arrange for
restrictions.
that
of
some
be
purchase
and
estafces
stock
letter'to
a
the
;
with
861 aside ^3,055,000 for the purpose
65,000 shares of its own common stock at $47
♦
/
$282,661
traffic.
(M. A.) Hanna Co.—To Purchase
Up to 65,000 Shares
chfvn
share.
9.8
further
be employed throughout their
replace existing facilities.—V.
nnrr.h«0int ,.^
"
82,151
uptown.lines.
Commission
$1, two
its
resulting from amortization of
facilities
emergency
°d®'
$2,510,990
its
latter's second
covers
Kansas. Power .&
•
said
stations
on
proceedings
584,967
fo^mffooCti.°.n inu,Pederal income taxes
„
i
normal
The
$2,590,025
and
from
or
the
376,902
$3,062,413
stock
common
$4,133,741
:
$5,268,558
2,334,535
$376,747
-
$86,923
••
'.
maintenance
-
present,
stations
$2,213,122
&
requirements—551,421
dividend
Balance
$278,608
to
$3,416,316
1,203,193
$2,525,315
45,341
$286,217
45,293
with the Pennsylvania RR. Co. to have its share of fares
paid
by Joint passengers of the two lines using the H. & M. downtown
or uptown
lines, and for Pennsylvania passengers transported by the
H. & M. between Exchange Place and Hudson
Terminal, raised to 9.8
cents, the H. & M. asked the Commission to prescribe that division
$3,422,031
$3,495,399
970,083
$240,876
______
;
,
tions
193,809
3,823,996
'
Interest
$5,223,265
,1.781
Hudson & Manhattan RR.—Files Fare
^
the
and consisted of
Co.
" 1,272,286
Thia company filed a complaint on Oct, 22 with, the Interstate Com¬
merce Commission in which, after detailing as
yet unsuccesful negotia¬
..
.
Controlling) interest-Tn this company has been acquired hy the,
B. Rogers
interests. of New York, .'with Atlas Corp.
as an
substantial participant,
it was announced on Oct. 24 by
»
of properties.—V.
use
of
statement
SEC
^
4,169,88^
3,942;156 /
r
$374,966
;' >
$4,772 ;
for
file by Oct. 29
allegation con¬
its
to
^Indian Motocycle Co.—New Control-^
•
250,000
$2,544,435
•Provision
celerated
'
taxes
Net
1945—12 Mos.—1944
acquis.
income
\
•
applicable
on
.additional
130,245 / 1,418,118
Balance
•
$1,581,767 $18,325,880 $16,863,923
526,131
6,559,061
5,790,225
68,718
929,038 917,988
126,882
1,536,251 i 1,498,855
$1,621,063
____
4,573
.
amendment
second
Power.—V. 162; p. T393.
—V,
1945—Month—1944
revenues
'
period
.;
'
Operating
448,80!
-
151,402
income
Dividends
1170.
Gulf States Utilities Co.—Earnings—
■
'/
$82,350
fa
-
Net
the
the
in
transaction
of
American
&
1,600
"'i
income
.
passenger
motive
".
.of
Total income'deduct..
20 freight - locomotives,' two 2,000' horsepower 'Streamlined
engines and two road switchers, at a cost of $3,000,000. ■
The equipment is being bought from Electromotive
Division, Gen¬
eral-Motors Corp;, Baldwin Locomotive-Works and American Loco¬
V - r>
-
(Mr.
revenue
'
Gross
including
-
,
net--—_
income,
Power's
time,
same
set forth
stock
108,333 ^1,596,874;!,300,000
.__
548,821
Net operating
"
•
the
tion
/
.Viit'V'f»
Other
Co.
Co.
Both holding companies are to
admitting or denying each material
Illinois
in
filed
authorized the Walters group pf .pre¬
ferred stockholders of North American Light & Power to amend the
statement
filed
in
behalf ': of
the Illinois Traction Co. and
North
American Light & Power against
North American Co. with respect
to the claims filed
by Illinois Power, to include therein the transac¬
At
and
excess
taxes__'_;:„l-'
;-'i
Power
either
motions
in
outlined
Power,
.Ralph
taxes
other
/:v"'•
•
\
,
_
American
s
>,
Illinois
raises to about $36,000,000 its claims against
and its suhholding company, the North American
14
claims.
Co^—Earnings—
'
Gulf,4 Mobile & Ohio RR.—To Buy Locomotives— >ik
.
Sought-r
250,000
profits
All
Sept.
&
tained
7 1945—12 Mos.^-1944 .
$1,826,620 $21,028,856 $19,805,976
605,402
7,020,126
7,046,102
"v
158,873
1,576,717 : 1,633,958
; / * i,6oo.
and
and
12
answers
term
maint.
for
income
request for permission to file a second amended
against its parent, the North American Co., has
the SEC which simultaneously ordered reconvening of
claims
Light
■•••-
•.
of
North
;
i-'-V-'v'ft
repairs
Fed.
1640.
company's
granted by
Sept.
City of New Ycrk, trustee, 11 Broad
until the close of business on Nov. 7
of an amount of first mortgage 4%;.
405,207.ry
"
limited
of
•Prov.
■
interest.
Waukegan, 111.—
1251 Sand St.,
it
$1,880,253
557,100
%
: " 133,773
Depreciation
Amort,
Co.—Partial Redemp¬
"
to
%
■
131, 112 and 110 pounds to the yard.—V. 162, p.
/ hearings on Oct. 30.;
0i The latest action by
1945—Month—1944
electric
revenues,
investments
tion
will
sale
Houston Lighting >& Power-
has
Exchange
bids
Period End. Aug. 31—
Oper.
authorized
the
listing of
$37,500,000 general mortgage 3 Ye % gold bonds, series N, due Jan. 1,
1990. and $37,500,000 general mortgage 3Ve %
gold bonds, series O,
due Jan. l, 2000,—V. 162, p. 1640.
"
* - •
j
York
been
This
.
Great Northern Ry.—Listing of Bonds—
New
•'VT
^
sinking fund bonds, due Oct. 1, 1950, sufficient to exhaust the sum of
$174,958 now held in the sinking fund, at prices not to exceed par
and accrued interest to Nov. 10, 1945.—V. 160, p. 1632. V
copper
The
v.'
V.; ■(
York,
New
receive
for the purchase of Granby's
government agency)
concentrates expired Sept. 30.
Since Oct. 1 the production
has been shipped to the American Smelting & Refining Co. at Tacoma,
Wash,, under an existing contract.—V. 161, p. 1999; V. 160, p. 2543.
t^y
.v
rail
statement
The Chase National Bank of the
'
* ,. •
years the company
has been paying 15 cents semi¬
The last 15-cent payment was made June 1 this year.
was
announced that the company's contract with
U. S.
.
..f i.
V/'-
Hotel St. George Corp.—Tenders
several
For
annually.
It
this
at
-
company
'.ifA Y;--;
v
Harbor.
Illinois Power Co.—Request; Granted by SEC—
Plant-—
has announced
plans
for
the
construction of a
$1,500,000 organic chemicals and re6in plant near Burlington, N. J.,
to be built on a 100-acre tract fronting along the Delaware River.
Construction work is expected to get under way shortly.
Products
to
be
made
are
used
in
paint,
varnish,
lacquer,
printing
inks,
adhesives, rubber compounds and coated textiles.—V. 162, p. 1890.
Granby Consolidated Mining, Smelting & Power Co.,
Ltd.—Omits Common Dividend—* ;
'
-•
of
yard.
This will enable the completion of a program for relieving all
90-pound rail in main lines between Chicago and New, .Orleans, Chicago
and Waterloo. Iowa, Chicago and St. Louis and St. Louis and Pinckneyville, HI.
This high speed heavy duty mileage will then be completely
,
Hercules Powder Co., Inc.—rBuilding New
$1,898,006
$1,689,277
at Indiana
Inland Steel Co.
placing
1946 rail program of 500 miles compares with 400 miles ordered
approximately 300 miles received and installed in 1945.
Receipts
were
less than orders because of war-time steel allocations.
' • '
The new rails ordered for 1946 will be 131 and 112 pounds to the
The
'
$40,750
$37,150
Operating revenues
—V, 162, p. 1889,
the
authorized
also
The
252,172
$0.94
*
a
the
and
$319,980
$329,776
$337,845
255,972
v
shares
Common
Earnings
,
'*
•'
and
1943
1944
1945
-
V
:v;■;
orders for 500 miles
(88,064 tons) of new rail for 1946 delivery.
The cost of the 1946 rail
program, including material and labor, will amount to approximately
$7,800,000.
The orders will be placed with Tennessee Coal Iron & RR.
Co. at Birmingham, Ala., the Carnegie-Illinois Steel Co. at Gary, Ind.,
(& Subs.)—Earnings—
9 Months Ended Sept. 30—
call.,v.;•:!;/'
directors
The
par
(Walter E.) Heller & Co.
.
the
Places New Rail Orders—'
present
of
railroad set
under
•;
change
no
the
peak of $383,278,672 ln/19&7.
As of Oct. 18, 1945, it had
to $273,344,911, a reduction of $109,933,761."
'
no maximum on ..the amount of bonds it will accept
a
reduced
The
a
•na»«cA'
ooen
been
special meeting of stockholders for
proposal to split the present authorized and
a
ratio of two for one.
The stockholders
called
-
Jan. 1 to Oct. 14
Week End. Oct. 14
have
vote
Oct.
■
Georgia & Florida RR.—Operating Revenues—
retirement
through
en
in the capital or surplus of the company.
time authorized capitalization consist of 300,000
value common stock, of which 175,000 shares are
Issued and outstanding.
There is no preferred stock nor any bonded
indebtedness.
Should stockholders approve the proposed amendment
to
the
articles
of incorporation,
authorized capitalization will then consist of 600,000 shares no par value common stock only, of which ?
350,000 shares will be issued and outstanding.—V. 158, p. 2046.
$10,075;
purchased,
$58,600; due for securities
taxes,- etc., $17,228; due
cash,
against
reserves
be
At
shares
securities
for
each issue out¬
sterling 4s, due
first step has been the reduction of indebtedness
of current maturities and the purchase of bonds
aebt
of
the Illinois Central
System
The
company.
*
r
...
proposal is approved, one new share of stock will be issued
every share presently held.
Upon the split-up of the stock there
will
due
$14,919;
etc.,
1890.
p.
the
for
$1,153,623; investments in securities, $15,009,814; receivable for securities sold, $66,782; dividends and interest
receivable, $37,824; receivable for securities sold when issued, $70,749;
special deposits for dividends, etc. (contra), $14 919; total, $16,353,780.
payable,
to
capital
record
If
banks,
LIABILITIES—Dividends
162,
debentures.;—V.
directors
27
Nov.
..
.
said
reached
$1.59 in common
1945
30,
SHEET, SEPT.
BALANCE
in
of
The
"...
ASSETS—Cash
The Cleveland
made of the full redemption price,
5, .1945, upon presentation and sur¬
will be
to Dec.
Ilazeltine Corp.—Proposes Stock Split-Up—
V
$259,387
•272,189'
$1.85 in common
stock.
$$272,196 in cash and
payment
with interest
together
38,247
"
:
,
$307,712
■
272,189
stock;-.-•+$408,158 in cash
$279,290
1272,198
,
and
cash
common
'
:
•
t408,164
dividends
Preferred
-
£434,689
-
37,678 '
27.040
4,824
•
8,028
Taxes
and
-
15-year 5% convertible sinking fund deben¬
haye been called for redemption on Dec. 5,
outstanding
Oct.
at 101 and interest. Payment will be made at
Trust Co., trustee, 916 Euclid Ave., Cleveland, Ohio,
next,
$386,856
38,053
52,604
•.
$333,572
$349,207
$535,071
income
Interest
to
follow;
1951,
$4.25
1, 1944, on the
r---.A;V
$1.0625 per sharg was paid Sept.
preferred stock.—V. 162, p. 1392. :-■
Immediate
General
the offer, and the amounts of
Sterling 3»/2s, due 1950. $5,200,000;
subject
$2,480,000; sterling 3s, due 1951, $2,480,000; first mortgage 4s,
due 1951, $1,500,000; first mortgage 3J/2S, due 1951, $2,400,000; SJlrst
mortgage extended 3»/2s, due 1951, $2,900,000; Springlieid division 3y2s,
aue
.isui,
ai.ouu.uuu; St. Louis division 3V28, due 1951, $5,300,000;
St. Louis division 3s, due 1951, $1,800,000; Purchased Lines 3y»s, due
1952,
9t»,8uu,0U0;
Vvestern Lines As,
due
1951, $3,500,000; Omaha
division
3s, due 1951,
$3,100,000; Litchiield division 3s, due 1951,
$2,700,000, and collateral trust 4s, due 1952, $11,600,000.
Wayne A. Johnston, President, says:
"This move is a further step
in
the simplification
and refinancing of the debt structure of the
cumulative
1942
*39,765
293,808
Bonds
standing,
32,778
SEPT. 30
1945
Interest
.
of the 128,531 shares of $5 cumulative preferred stock.
In
a dividend of 50 cepts a share was paid on July 6, 1944, on
shares which were called for redemption.
The first quarterly
1945
addition,
of gross
12.5%
all
on
company s
largest holding
assets, was further reduced during the quarter.
Taken jas a whole, public utility common stocks were 19.7%^ of gross
assets, chemical companies 8.2 %, building, equipment and renovation
companies 7.5%, oil stockA" 5.7%, and automobiles and accessories
with
Monday, October 29,
19
authorized
—V.
a
call
for
tenders
of
-
•;
V
r
approxi-
mately $54,000,000 principal amount of bonds maturing in 1950-51-52,
the company
reserving the right to accept such bonds as are tendered
at satisfactory prices.
162, p. 1284.
International Match Corp.—Final Report Issued—:
The Irving Trust Co. as trustee in bankruptcy for International
$54,000,000 Bonds—
Match Corp., has • filed its ninth and final report with the. U. S. Dis" trict Court for the Southern District of New York.
It covers a period
.
of
13 &
years,
and contains 171 pages.
.
Volume
The
162
Number 4433
bankruptcy of International
suicide
of
Ivar
Kreuger
bankrupt's books listed
report
showed,
had
estate
Match Corp.
Paris,
of
Prance,
stolen
and
precipitated by the
was
March
on
$220,000,000.
over
fictitious items.
were
been
in
assets
THE COMMERCIAL & FINANCIAL
CHRONICLE
The
squandered
most
12,
Most
1932.
of
valuable
The
the
the,
of
assets
(F. L.) Jacobs Co.—Transfer Agent—
The
these,
New
V.
by Mr.
Kreuger. ,<Of his many
defalcations and frauds, one of the
largest was the theft of $50,000,000
of German Government bonds, of which the trustee"
.through litigation
recovered
$21,000,000.
Another
was
the
forgery of $102,000,000 of
Italian Government bonds
ijious asset for
More
the
which Mr,-Kreuger
subsidiary of the bankrupts
a
than 24.000 claims
estate,
951,817
by
to create
approximately
19,000
These
-
were
were
;
in-respect to debentures pur- •
and
.
•
the
has paid
trustee
There
paid
remains
administration
The
dividends aggregating
balance
a
expenses.
Irving-Trust
allow- it
as
Co.
hand
on
7 7 ~ '
.
$324.1:.-;.•,«■/•//
$2,662,369
under^the
additional
an
«
available
the
Jaw
f
CpUrt could:
of $885,736..
commission
Jewel Tea Co., Inc.—Current Sales
Higher—
;; i 1945—4 Wks.^-1944 * 1945^-40
sales
is not asking for that total but believes that it is entitled to and
requests payment of $300,000 for its final allowance. ;
-7'//HZ;*w7z
Rosenberg,'Goldmark &; Colin, attorneys for the trustee, have filed, rw.The
v
$5,054,916
♦
Kleiri,
for
Hinds
•
Pinke,
&
rendered.—-V;
services:■
accountants
the
for
Requesting the suih of $12,773
allowance
filed
151/^p> 106.:■>„, v'n.rj
final
a
of'
sum
.7
" 7:,
••*•••<
/ '
-
no
last
for
,
and
Soil
3,600
$b44,608.
were
Lee
Higginson
shares
class
of
Alter
transfer
une
B
taxes
ofR
completion
Corp.. owned
shares, of
999
stock.
shares to be sold.
'*■ As
result
a
amounts
of
the
of
received
shares
of
foregoing
>
transactions,
by Lee Higginson
stock
of
the
the
aggregate
of
the
net-
Corp. from dividends on and sales:
Including the amount to be
company,
received
by . it as a selling stockholder
(but excluding gross under¬
writing discouhts of $31,500) with respect to the 27,500 shares
pres¬
by it, is $3,534,327; being $311,877 in excess of the
ently, being sold
•cost
it
to
chased
of
all
it.
by
shares
After
ginson Corp. will
of
giving
,
stock
of
effect
18,490
own
the
to
shares
the
of
company,
originally
present offering,
pur¬
Lee
Hig¬
common."stock.
L UNDERWRITERS—r-The several .underwriters have'agreed, severally"
not jointly,
to purchase from the selling stockholders, at
$19.50
share, the:. number of shares of common stock set
opposite their *
,
and
names.
opposite
of 50'Cents—•
declared
23
on
a
special
quarterly: dividend
dividend
of. 25
of
cents
par
year:/
.7
cents
50
share
per
on-
holders
Dec
on
-t•*•
„' .v-'*
Shs. to Be.
''/z,?•"•"'/ / Purchased as
;-7;:
*
7 "
r 'A
,7V.'"'Underwriter
7'j'
v
Lee
of
Higginson Corp.__^
Chas. W. Scranton &,
20
•
.V,/
Co.____^____^„_l.__^,7
Spencer Trask & Co„i.„iii.;^i.
r.
(
-
77:^(7,Vv'77^
v
<#
SUMMARY
7
-
.•
■
.
8,006
3,000
7 *
'1,000 '
EARNINGS
:
.
•
3,000
*'" 3,000 -7
,
»
14,000
-
.
3,000
'
cumulative
-
8,000
7
as
21,000
.
11,500 't .'.•
.
i
.
.7
Offered
.Underwriter
-
_______
Shs. to Be
.
.
Johnson, Lane, Space and Co., Inc.___
The regular quarterly./ dividend,
oil $1.06 '/4 Tper' share ohHHe
7 Pacific Company of California____17_
preferred stock, par $100, was also
declared, payable Feb, -1,
Grimm &
1946, to holders of fecorci Jan. 18, 1946.
A similar payment, previously
declared, is payable «n Nov. l, 1945.—V. 162, p. 1514, "
'
'
v
/
>- International Minerals & Chemical Corp.—-Plans Ex¬
pansion—
The. underwriters
have
agreed to. offer - to the
$21 per.share,, the: number of shares of common., stock settheir, respective*, names..: No .firm commitment to
take the
common stock has been made,
t
*
:
' •*.;
,**.;•»
public,, at
'
Wks.—1944
value common stock, both payable Dec. 20 to
record Dec. 6.
A special distribution of 40 cents was made
petition, /
a
allowance
stock
,
directors
Oct.
Per share and the "usual
the
trustee,
as
final
■ a
A
Higginson Corp., after deduction pf
of
On Oct. 10,
1945, each share of class A and. class B stock was,
changed Into 10 shares of common stock.
Accordingly, Lee Higgin¬
son
Corp. owns 45,990 shares of common stock,
including the 27,560
$4,669,009 $45,964,459^ $42,612,362 Z
^ Declares Special Dividend
.
petition for allowance in which they request
$350,000 as .compensation. lor their services., .i/j;
Lee
transactions
respective
Period End. Oct; 6>— j
•
Retail
It
their
class
to
amount
above
per
for un-.
; ;
•
that
reports
receiver and "trustee
.
.of
sales
the
the
1890.
p,
the
in
appointed
preferred stock.—1
cumulative
new
t
American
-
trustee
the
Co., New Orleans; G. H. Walker & Co., St. Louis; Pit-:
man & Co., San Antonio, and T. J. Feibleman &
Co.,
New Orleans," on Oct?, 22 announced that- the offering
of 167,000 shares of common stock
(par $1) was success- fully completed. Stockholders and employees were
large;
subscribers and the remaining shares were
placed by the
underwriters without public offering./ For further details "
see V. 162, p.
lm.-.-'/'tjV
S/
investors. /" All other claims were - contested
by
rejected by the Court.:.';;.-,
sk'
K
>•
V Six dividends totaling $31,746,490. have been paid to date to credi-:
>
tors holding debentures:, At the outset of the
bankruptcy these deben¬
tures were quoted-in the New York market at from
$1.25 to $25 per
$1,000 bond. ' On the principal amount of each such $1,000 debenture : /v
the
of
Co, New York, N. Y., has been
&
filed against, V
amounting to $97,-
claims
Trust
agent-for
composed of D'Antoni
ficti-j
a
162.
transfer-
Jefferson Lake Sulphur Co., Inc.—Common
Stock Of¬
fered—An underwriting syndicate
vV;7/
aggregating $1,167,796,683
finally allowed.
.were
chased
which
of
used
Manufacturers
York
2017
...
1,000
;
7
;
.
-
Plans -for
plant,
$2,500,000
a
plant
will
be
the
With
present
enhance
of
the
duction
of
natural
the
.
plant,
new
flavors
wheat
in
of
fine
amino I products
Oct.- 23
on
International
sodium
foods.
glutamate,
6 oh increasing the authorized
preferred stock, par $100, from 20,000 shares to
30,000
arc
also .150,000 Shares of common
stock, par $5 each,
authorized.—V. 162, p. 1284,
; v
..
.
.
u
It'is
will
double
derived
its
and
Kaufmann Department Stores,
American
food
the
part-in breaking the Japanese monopoly."
by changing
voted
to
the
,7
V.
its par
transfer
amount
from
the
of
of
output
to
increasing' market
meet
Kerite
In
addition
Increased
to
quantities
sold
de¬
processors, the new plant will add substantially to International's
production for pharmaceutical uses.
These latter amino products
include: glutamic .acid, glutamic acid hydrochloride, betaine, betaine
hydrochloride, leucine, iso-leucine and tyrosine.
Chairman of the
board
of Sears,
Cd.
Offered—Lee
in
Bankers
so
(a)
as
share.
per
'Trust
Co.;
stock
to
stock,
($10
10,
shares
of
class
(b)
par),
B
to
Bank
present' capitalization
Common stock
Oct,
Bank
(c).
to
7 Net
—V.
11,
received
■
by the
directors
150,000 shares
each
and
of
each
the
2,000
the
of
8,320
613
shares
common
stock
($10
new
/
of
company
unissued 7%: ;
Commerciale
Italiana
tically
orders
electrical
is
follows:
as
Authorized
-
1954
-
liad
that
>. electronic
"
as
to
v"V,<
7 "-//'''Z-77"
of International. Utilities'
the fate
which ; had
unofficial
and
,v..'
Hopps- said authoritative information
it
been
also
word
written
that
was
the
,
down
hoped the American
Belgian, shares. -
was
French
to
French
had
a
■/'<
150,000 shs. ^ /*97,070 shsf V
value.
In
CEven
Government
Italian
received from
and
our
Italian
correspondence
that
these
5,9557
5.263
,
7;
$184,536
$195,905
Acct. Accruals
on
.circuits,*.
/'*
and
sells,
under
-
In
wire
Its
addition Ho
five
to
the :
and
;;
the
r'r
regard
elec¬
or
war.
for. such
the
OF
of
C
class
same
170
right-to
pf : telegraph cable
which
war
there
any
common
of
6%
expansion
^
1
CONTROL
BY
-
LEE
HIGGINSON
and
shares
10
*
class
of
161,
7".
V
,
of
shares
;.
.
balance
17,532 shares of pre¬
common
in units of 1 share
A
1883.
.
shares
24,565
namely
at
common
p.
81.183
the unsubscribed
offered
common,,
of
shares
any
$35
unit.
per
The offering
'
*
:
Superior District Power Co.—Registers Bonds—
.
/for $5,661,600 and has entered into
an agreement which provides for
subunderwriting by ..Central Republic Co., Inc., Chicago;*,,Merrill Lynch,
Fenner & Beane, and White, Weld & Co., both of New* York.'
Pierce,
Each
of
which
the-
are
7 writers',
subunderwriters
to
be
offered
commission
a
of
will
to
90
the
purchase
at
$1,400,000
public
cents
unit,
per
or
of
the. bonds,
$102, giving the undera total of $50,400.
'
Company will use the proceeds together with general funds off the
to
redeem
$5,600,000 of first mortgage
bonds,' series A
3'/2%, due Oct. 1, 1966, at 105, plus accrued interest.—V. 162, p. 1172.
company
in
Lehigh. Coal
:
u
Drexel
and
&
Co.
interest
*
7:V; Pennsylvania
&
and
Navigation
associates
Co.—Bonds
on
Oct.
Offered—
offered
25
at
100
$13,000,000
2xk% series A.
CORP;—On
Sept. 12, 1944, following several months of investigation and negotiation, Lee Higginson Corp. purchased from Bankers Trust Co. and-
175,320
oversubscribed.—V.
the
stock
shares,, of
and
common
..
St. Louis,
A
stock¬
acquire
shares ,of
to
preferred,
received.
Co.,
class
250,000
260,136
The
-.
was.
problem, with >7
the termination
substantial
a
and
and
of
subscribe
shares of class B
were
Kauffmann
and
-
significant
arising out of
was
R.
preferred
;
par;
at
'V",
.shares
247,499
holders
no
7 7/:7":-7:
,
for
at
,
and
$25)
par,
cents), at
5 cents) at par.
preemptive rights to
had
preemptive
any
class.*
stock
5
:
follows:
as
(par
Company on Oct. 18 filed with the SEC a registration statement
covering $5,600,000 first mortgage, series A, 3% bonds, dated Oct. 1,
7-1945, and due Oct. J, 1975,
-7
W'
,'*
-*,7
U< Kidder, - Feabody 7 &
Co.C: the principal underwriter,: has ' agreed,
according to the company's prospectus, to purchase the entire issue
the
uses,
for
ACQUISITION
:
4
had
A.common,
Lake
z
producing wire and cable
in
the
United
States.'
Company believes, however, that the. greater part of this expansion
has taken place in fields other than those in which it is
engaged.
*„ ;
Service Co.—Partial Redemption—
class
shares of the
preferred
was
vary in diameter from
a
inches. 4 Plant located at Seymour,'-;
does
During
facilities
the
eftch
class
class
of
products
six
not anticipate
reconversion of its facilities,
to
the
of
properties had suffered only insignificant war.
damage despite the fact they were situated in the Naples-CalabriaSalerno zone; scene of some of the heaviest fighting of World War II.".
161. P- 2661.
of
one
ferred
■'»
the
did hot require. any ^ material, changes in equipment,"
company
(par $1)
(par
John
and
manufacture
small 'amount
a
business.'. Company's
an inch
War production;
;
(par
stock
of 6%
.,
»
<
our-
stock
common
subscription
cumulative
stock
common
C
of
the
6%
common
B
Subscriptions
trade name Kerite,
cable,, chiefly to meet:
products have certain durable
insulated
customers.
produces
A
stock
-
specialized
from
its shares for
preferred
class
additional
vital
power
Iowa Public
under
recently offered
of-first
class
of
.
*
13,333
115,000
on
of
other
the productive facilities normally employed for supplying power com-'
keeping,?;
'i pahies were utilized for wartime industrial expansion and direct Gov¬
would be able
ernment work. - "
'
~
i"
■ *
surprising to the corporation's directors than that
holdings
were
still intact,"
Mr,
Hopps
concluded,
"is
light
incorporated
was
safe
more
information
tric
However,
$316,168
206,000-
$211,328
of
class
BUSINESShrCompany
shares
holders
/h"..
/'//R -.w■*»'■/
7 The "eompany'8 7 regular * products •: werp applicable to many projects,
to the war and were in demand for, such.purposes.
Business
With -railroads/continued at. an accelerated
pace but a large part of V
7
received
and Belgian holdings,',
were
to- recover-the
;
been
18,200
,
shares
Conn.'
HHV
h **,.
-
yet
nominal
securities
Military
not
7
shares
characteristics
also
company
its books as a-loss several years ago.
its original
advised that the Banca Commerciale Italiana now»
4 fraction of
deposit for the International Utilities:Corp.; account 780,553;;
on
Mr.
163,800
77 6,879
Kinney Co., Inc.—Dividend
262,314 shares of class
-par;
;
:
Outstanding. '
$500,000
'*J.
oUO.Ooo
indicating the desirabilitytheir use
in railroad signal circuits and jumper cables, power plants and certain
distribution circuits,
submarine signal and power cables and certain >
message -further
lira.
134,500
$118,480
_______
company
17,702
par).-:
Wire and Cable Co. in Connecticut In 1912,;
business originally established in 1855./ Present name
a
sizes, of
specific
of Naples
had prac¬
The official
written off
li.-:
91,791
$5
The
; 7
held by the company in treasury, as of
purchase contracts of employees entitling them
shares at $14 per*.share, 'but-excluding
6,130 addi-
adopted Oct. 10, 1945.
Company manufactures
Oet; 20 announced -that word had
Banca
4
$396,492
2,555
'
Laister-Kauffmann Aircraft Corp.—Stocks Offered—
«.
;
held
against
to
successor
and
from
99,214
?
$293,140
23,027
Oct. 23 declared a dividend of $1.50 per share on
prior preferred stock, no par value/payable Nov. 23 to holders
of
record
Nov. 9. /Like amounts were paid
in preceding quarters.
Arrearages on this issue as of Sept. 1, 1945, amounted to $2.25 per'
share.—V. 162, p. 1642/7,7;
/.' 77 :-7
r,v-
of Kerite Insulated
name
as
.holding in. safe .custody 16,572 Societa Electrleita
investments which the -International Utilities Corp.
was
1945,
HISTORY^ AND
International Utilities Corp.—Italian Holdings Intact—
it
274*,943.
$297,278
33.
p.
(G. R.)
the
tional shares held in treasury;
Z various
been
profit
162,
7V The directors
7
&
the
(including
company
^
due Nov. 1,
total
a
change
par),
par)
such
of the
but
($100
($100
of
of
authorized
($10^ par) ___.
to-purchase-said
-
operation of $30,000,000 and r the- calling ' for redemption
$43,530,000 of 5% debentures have been suspended.—
V. 162, p. 1641.
shares,
236*535
'
1
common
Chemical
the charter
the
authorize
and
stock
shares
10
:*'-Titte«!^.:"ih.. 1. - 5"'... • •
4% sinking fund#debs„
of
Stewartf*p./Hdpp^-Pr«ahfen^ «hr
;V.
";777------
The stock is being
Registrar,
1945,
eliminate
shares of class A stock
treasury),; into
The
Loan Negotiations Suspended—The corporation on Oct.
18 vaniiounced that. negotiations relating to a bank loan
«
51,576
$2,798,735.
2,038,679
191,971"
170,541
$537,263
tax
Oct. 24
•^"Including 1.09Q shares
■
2,789
3,979
profits
exc.
Higginson
on
block of 50,000 shares of
a
at $21
preferred
common
issued
;
Roebuck &
—
.
-
$485,6867
$227,584
Prof. bef. int. & taxes
Interest on debentures-
>
amended
outstanding
CoandRDouglasStuart, President of The Quaker Oats Co., both of
Chicago; have been - elected additional .directors, thus increasing the
board from seven to nine members.—V. 162, p, 1769.
7
f international Telephone & Telegraph Ctfrp.-
....
(net)____
4
248,115
!'7
.
?■
also
was
accounj of certain stockholders including
Agent,
cumulative
of
,,
Wood,
It
$10.
1KO CKC
158',656
165,904
$224,794
-
$2,594,912
1,890,557
1,992,960
7
4
.
8.
Robert E.
the
Stock
CAPITALIZATION—-On Oct,
was
Lamont, Vice-President of J P. Morgan & Co. Incorpo¬
rated, has been elected a director to fill the vacancy caused by the,
resignation of his lather; T," W. Lamont. .
- V
I V /
GGen,
to
Higginson Corp* and Chas. W. Scranton & Co.
Trust
Board of Directors Increased—
i
share
a
Other income
common
capital account a sum equal to
par value of the common stock.—
group of underwriters which
a
($10 par)
Transfer.
food
Thomas
$1
the
the
the
Co.—Common
for
Lee
sodium glutamate./for
of mono
from
to
in
in
admin.
Operating profit—___
Fed. normal tax & surtax
offered to the public
stock
mands."
.
value
increase
an
162, p. 1641.
Corp. headed
.
expansion
approved
surplus
increase
.
economic
23
&
V.V
exps.7.7_ '' "
j 1942
.1943'
,
$2,892,666
111,801
Fed,.
Mr. -Ware
pointed out that - the corporation's extensive research
program had- already produced patents 'and processing techniques
which
"give International an unusually favorable position in the
amino products field."
.The. new1 plant is, expected to-be-in : full operation at San-Jose by'
the summer of 1946, Mr. Ware said.
"Design of the plant will permit
later
Oct'.:
on
i
s
-
stockholders
stock
said.
i"
//
:
,
The
processors
.
1,387,632
;
'
product
to
"We,
mow hope that,
through the new plant's facilities and the. expandedoperation at our Toledo, Ohio, plant,. International will play a large
supplement
salesj_r_______
Gen.
Inc.—Capitalization In¬
creased—^
pro¬
$1,882,884
of
'■ '
•'
.
vv 1944':i.
■
,
Selling, expenses___L7__
:
the,
from
world
returns,
etc.
Cost
,
./'* Aug. 31; '45
1
Gross sales, less
There
%
J
the
.v
cumulative
shares.
—Years End/Dec. 31——
'''
r
V k.'V 4. ^H;-• / -1 -.r 78 Mos. End.
The" stockholders* will vote Nov,
new
Ware said. ; Most important
vegetable seasoning used to
sugar beets.
'
the Japanese dominated
II,
77:?'':t7
Joslyn Mfg. & Supply Co.—To Increase Capitalization
Louis
The
*•'
import substantial
quantities
of
the
limited- domestic supplies," Mr. Ware
to
by
stockholders.
and
War
mono
obliged
were
announced
meeting of
Jose, Calif.'
San
.
World
to
were
largest
annual
at
of
country's
amino-products, Mr.
sodium
glutamate, a
mono
proteins found
"Prior
the
erection
is
.this
project,
at-
located
output
these
of
erection
President,
Ware,-
of
the
sinking fund "mortgage bonds,
Dated Oct. 1, 1945; due Oct. 1, 1970.
V
taxes
(other, than
succession
inheritance
or
taxes)
will
be
paid or reimbursed • by company up to $4 per annum for each
The company ,has called for redemption on NoV. 24,. 1945, through;
Z 'X
77 Bertha M. Anness Brixey, as executors of the last will and testa- 7 $1,000 bond. '
/ '■■■■
'7- "
7'7'v7
operation of the sinking fund, $68,000 of first mortgage bonds, 3%%.
ment of Richard D. Brixey, deceased, and Bertha M. Anness
V PURPOSE—Net, proceeds (approximately $12,656,698) will be applied
Brixey,;
series due Aug. 1, 1969, at 104'/a and interest.1 Payment will be made
individually, an aggregate /of 2,000 shares of the class A and 6,810
as
follows:
' 7 •
•:
•
•
.- at the Chemical Bank & Trust Co., trustee, 165
Broadway; New York, / shares of the class B stock, all at a price of $350 per share.
(1) To redeem, on Jan.
1, 1946, $9,594,000 consolidated mortgage
7?On
N. Y.—V. 162, p. 1514. ;
>
the same date Lee Higginson Corp. also purchased, at the same
sinking fund 4 Vz % • bonds, series A, due Jan, 1, 1954, at 105 (exclusive
price,/,
395 shares of the class B stock held by. employees or their
*
successors;/ of accrued interest),- $10,073,700; H2) To reduce loans payable to
Jronrite.
in Interest (which shares were subject to an option, which-was notShares—
banks. $1,694,400; (3)
To be used for the company's general purpose,:
The /company Jias
exercisfd,-entitling the company or the executors to purchase said
$888,598.
■
filed with the SEC a' registration* statementyV 7 v V : . i
7V
'"7'-' ' : ;-7;' ' '
covering 60,000 shares* ($8 par) 55-cent cumulative convertible pre--*/; stock for $200 a share)* and an aggregate of Hwo shares of class B
7 j' CAPITALIZATION GIVING EFFECT TO CURRENT FINANCING
;
stock held by J. - Dwight
ferred stock which would be offered to the public at $10 a
Dana and Henry Cr Olmsted," directors of |
share with/
\ ■ '
T-,
' ' "
Corporate
Consolidated
the company.
an underwriting commission of $1.25
Such 2,000 shares of class A stock and 7,207 shares 1-.
a share.
l
Parent company funded
debt:
J 7
of class B stock so acquired at a total cost of $3,222,450 constituted.7
The company proposes to offer to the holders of its
presently out¬
Sinking Fund mtg. bonds, 3 Va %. series A, due
all of the then outstanding shares of stock of the company, exclusive
standing 8%:* preferred stock 1.15 shares of the new preferred for
;
■i of treasury stock. 1
1970'_-rV
—7
$13,000,000 $13,000,000
each old share. ' It also is offering the new
'5
•>
Vf,.V-- v'VZ
preferred to holders of/
,V*Bank loans, secured by U. S. Govt, obligations
6,000,000
6.000:000
"At the time this stock was acquired by. Lee
its common stock on the basis of ;one preferred share for
Higginson Corp.;-the?"
each
10
tSubsidiary companies funded debt.™.
77,
7,903,000
shares of common.
company had an
earned surplus available for dividends of approxi¬
-. ..v, ;.Z/7Z"-* H v'/:-*-7''1' **.-./'77; 7- vZZ/ ?>,.•'
Minority interest
_________
—43,877
The proceeds of the sale would be
mately $2,964,000 and a substantial amount of excess working capital.*
applied by the company, to the
19,291,270
19,291,270
./In order to reduce the value of the stock of the company to a sale-::; Capital stock (1,929,127 shs. $10 par)
redemption of all or any part of its 8% preferred stock now
.
:
.
•
'
IronerVCo;-r-Registers,60,000?
-
'
,
.
,
_
,
•
out-;
standing that
not
may
be
exchanged,
of
repayment
a
bank
loan
able level
and
in
Underwriters will be Newburger & Hano and Kobbe, Gearhart & Co.
--V. 162, p. 1514.
'■
7
v
,
.
;
,
,s
_
Operating
revenues.
Operation
$129,469
•
62,347
______
Maintenance.
:
______
Retirement
_____
4,700
„
.
,/V
accruals
res.
/ '
19,425
8,333
.
$121,626 : $1,583,155
61,977/
728,916
19,691 :
199,749
3,465
/
Utility
oper,
income.
income,
net_^_.
$34,663
Z
$28,159
15,
Gross
Income
Net
income
deductions
income
Preference
162,
P.
$34,673
____
,
.»
.
__.
dividend
Common, dividends
—V.
7
;
-
and
A
$26,035
-
$15,182
/
requirements_______i___i
amounted
dividend
of
100,000;
and class B
$380,148
:
Corp.
7"
7
,4
BrlO,332
to
provide
,
On
Nov.
at
nership
cluded
$295,426
$263,746
121,947
104 588
,
:
-V'
,91,800
v
•
per
.
24,
shares
$369,816
to
owner
then
of
$1,519,155.
Lee
cash
outstanding
share
was
all
a
of
Higginson
for
such
Corp.; i
purpose
paid
and
1944
of
two
Nov,
paid
was
on
the
outstanding
17,
-
1944,
to
9,207
Corp.
stock.
an
Lee
-7
*
Evidenced
before
July
by
1,7
a
note dated July 3, 1945, due on or
bearing interest at the rate of 7/8 % per annum,
United States Government obligations.
short-term
1946
secured by $6,060,000
7
$5,017,000 Lehigh & New England RR. general mortgage
series A, due April 1, 1965, to be redeemed on Dec; 10,
application of the proceeds from the sale of $4,000,000 new
first'mortgage bonds, series B, due Nov. 1, 1975, together with $1,000,000 advanced by the company on open account; but excluding $928,000
of indebtedness due within one year.
".
7
7
tlncludlng
bonds,
4%
1945
shares
This
by
and
class
$140
"of
class
A"
This dividend amounted
Dec.
A
4,
stock
per
1944, Lee Higginson
Corp, sold
3,604 shares of the class B
and
share
to
nine
individuals,
one
part¬
corporations.
the
company.
the
■
The/total, number of shares represented by the above sales was,*
! i 1,001 of class A stock and 3,607 of class B stock... The net
proceeds *.
in
crease
the
IN
BONDED
company's
DEBT—There
bonded
debt,
has
since
been
1935,
in
an
the
over-all' de¬
amount of
,
$10,096,000, or 43.7%, after giving effect to the present financing.
of the company
consist of railroad properties and controlling stock interests iut re¬
lated railroad properties comprising the Lehigh & Susquehannat RR.
System leased to Central RR. Co. of New Jersey; all the common stock
(except qualifying shares) of Lehigh & New England RR.; extensive
anthracite
coal
lands
in
Pennsylvania,
together with
mines and
-
Certain of such purchasers are in¬
selling stockholders.
On March 2, 1945 and April
4, 1945, Lee Higginson Corp. sold three shares of the class B stock
(one share each)
at a price of $140 a share to three directors of
among
REDUCTION
additional
■*;/V..
the
price
the
On
stock held by Lee Higginson
1,001
.106,069
■
stock
B
sole
as
$87
to $801,009:
103,731
.paid—91,800
1514.'"
To
.
dividend
$399,158
„
of the company, a large*.
power
distributed
was
dividends.
class
Higginson
166,315
142,639
Brl,318
9,700
surplus
cash
731,124
$400,476
$24,882
8,637
of
.
class
of
$1,520,227/;
<
-*100,000
f>r3,276
10
,
stock
.
the current earning
earned
7 accrued
,r
Other
based on
the
impairing the necessary working capital of the company, on /
1944, the company sold to Yale University, at 100%
and
interest,
$500,000
4%
sinking fund debentures,
due
Nov.-.
*;•, 1-7 1954,S::; ////'"'/;■"'7 '■ ?
■:
7
On Sept. 20, 1944, a dividend of $165 per share on the 9,207 shares
:7 Nov,
154,013
8,333
.
form
the
/ without
_
^Jamaica Public Service, Ltd. (&
Subs.)—Earnings—
V. Period End. Aug. 31— • !
1945—Month—1944 :> 1945—12 Mos —1944 '
Taxes
of
part
expenses.
PROPERTY
AND
BUSINESS—The principal
assets
mining facilities thereon,
the greater portion of which are leased
to Lehigh Navigation
CoaL Co., Inc. * (a wholly-owned subsidiary* of
the
company);
lands
a..u
panles,
lands having a large potential water supply, and other
Investments in affiliated and unaffiliated com-,
structures;
including the
common
stocks of various subsidiary companies
2019
104%
to
lund,
the
accrued
to
special
retire
$11,600,000
the
of
which,
issued
bonds
in
beginning
'
the
under
is designed
1946,
the
mortgage
i
estimated
that
so
addition
heat
two
communities.
in
there
will
ating
be
expended
facilities
31,
of net
7
the
1946,
for
and
replacements
of
sum
and
additions
fcl.625,000
The
'
,
•7
The
•
is
annually
the
to
'PURPOSE—Net
redeem
thereafter
of
sum
a
plus
$1,300,000
tions
&V
The
property, included in the mortgaged
depreciated
cash
and
proceeds
from
retire
(estimated,
community
and
company's, electric system
prises eight operating divisions.
TV/;;'/
' '' ■ ■■y"-
mining
district
is
in
and
f-
series
first
due
and
■;
milling
*
refunding
4';77. '7
105..
1966,. at
i/-;..,;:—
.bonds,
mortgage
which,
exclusive
-of
33A%
:
accrued
V
.
interest, will require
•
•"
v
A
Stuart
.
U.
opera¬
and
wiiliams
$46,412,100
Com-
•
bonds,
purchased
were
and
Sept.
30,
exclusive
of
-
due
the
by
1951
($364,000
of
between
these
150,000
■
Aines,
10,589,900
Emtrich
&
July
Co.,
roecter,:
Atkinson,
INCOME
STATEME
12 Mos. End.
Electric
Ballou;
—
commercial
$15,419,893
$14,341,204
Barrow,
Leary
3,464,960
.3,439,525
Jack M.
Bass &
161,536
i7v,ob7
112,788
108,455
lib,al'd-' ' "■'1112,:«hi
Steam
123,350
crude
oil,
etc.
'
.
119,311
<
'
"
930,831
—
*
■
l Bauin,
A.
2,313,891
G.
oper.
$19,012,790 $21,234,346 $21,679,106 $20,587,236
4,185.434
5,0l2,8u0
a,0^0,098
4,896,172
■
791,421
805,639
761,910
895,517
revs.—
Operation
Maintenance
Prop,
retirement
Becker
of
Net
oper.
Other
2,065,630
1,312,653
1,333,0.30
3,486,7.67
"
1,300,008
2,936,991
3,760,853
$6,244,262
revenues
income
(net)_-_^
2,118,874
$6,613,168
193,112 1
National
$6,693,447
42;446,281
the
the
of
amount
the
for
1975
series
first
bonds
$6,771,750
&
Cunningham
•
K.
&
Inc.__—_
Curtiss,
2.471,522
$4,300,228
'
2.860,062
$4,168,657
Dick
$3,403,421
R.
&■.
S.
Dickson
year
will
the
on
amount
$40,000,000
to
John
$1,150,000.
.Based
bonds at
Exnicios
EFFECT
TO
PRESENT
\ PiTst
Authorized
First
2%%
MM
bonds,
mtge.
1975
-series,
'
'•
FINANCING
Folger,
Outstanding
$40,000,000
(no
Common
par)—
stock
American
(no
Power
&
par)
300,000
'
?ML_L_
Light
Co.
shs.'4;
3,750,000 shs.
'_
;
<*159,589 shs.
Chas.
Co.—v
-
Nolan Inc.__„
Marshall:-
250,000
100,000
Walter
Co—___;_
Inc.
200.000
Loewi
the company owned all of the voting securi¬
ties of Glacier Production Co., which owned certain oil and gas pro¬
duction and refining properties in the State of Montana and
approxi¬
mately 32,800 shares of the common stock of Inland Ebmpire Refin¬
eries, Inc.
This was approximately one-thxid of the voting securities
the
cf
13,
Inland
1944,
which
company,
owned
oil
refining
marketing properties, principally in the State of Washington.
M -i HISTORY—Company
dating
Butte
Missouri
River
Power
electricity to
the
By
Great
acquired
Mcf
the
were
1912
Falls
the
power
Power
other
of
half
the
&
of
purpose
Madison
River
had
Townsite
in
Falls
contracts
to
acquired
company
interest
Thompson
or
and
the
for
Co.,
Marx
Co.
that
Power
Mason,
in
—V.
in
two
near
1913
with
Control—
it
In
all
for
e'ec-
the
that
the
Ward's,
Weil
Corp.^.
;
1,650,000
7
Hattier
&
White-Phillips
Company, Inc—
|
lOO.OOp
Waggoner
' S.
Yantis
Gen.
David
Ball,
more
Jr.,
This'
not. a Joss,
was
Mr. -Ball
said,
he
but
paid
money
Rn*j>ma n
Bozeman
Extensive
tevrit/vrv:
territory.
'
r
■
producing lands
gas
were
-M;
V
acquired
in
the. Cut
vv ,
Bank
■
pin northern Montana.
Gathering lines were constructed and over ,200
pipe line were" built from Cut Bank*to
Butte, Anaconda and Helena.
M:;'"
<rAt
approximately the same '• time, a contract for the purchase of
"miles
of 20-inch
/
;
with
gas
the
from the Dry
Ohio
constructed
Oil
from
(Considerable
^-
transmission
Cq.
that
oil
Creek
and
field
field
over
115
in
southern
miles
of
Montana
10-inch
pipe
to Livingston and Bozeman
was
later developed in
production
:
.
were
"
*'
Bank
Z
made
was
line
r
sides
Of $719,320.
.agreed
to
"the
U.
this
wi|s
arrangement
thereby waiving
with
any
decision
was
on
The
reversed
by
the
Federal
Cut
$35,062
10,101
>
468
10,119
900
$14,670
$12,590
S18.862
16,503
10,093
23,569
_
SHEET.
owned
and
SEPT.
held
30,
$24,952
34,405
by
"
7
1945
custodian
(market
value,
un¬
j
1945—Month—1944
v
,
y
■
oper.
■■ ■
1
.
revenue.—7.
■
■
—
1,015
—i,_"
income
1945^-2 Mos.—1944
on'
11
■■■
*$8,841
*7
$353,312
'**;
$98,594
*$8,206
557
1,960
1,949
$100,554
*$6,256
^7
—1,712
-
~
16,017
Cr800
39.537
income;$24,025
V: *$7,485
$59,305
or
deficit.—V.
Sachs
man,
<Sf
162, p. 1893.
'
v—_
*$6,258
^
<
Co.—Common Stock
Co.
361,518
;—■
*$8,284
984
,
& State taxes
income —
■
7
$41,026
;
Fed.
1
$40,011
income
Deductions
Offered—Gold¬
and
Piper, Jaffray & Hop wood on
per share,
60.000 shares of
common stock
(par $4). The offering includes 41,632^
shares being sold by the company and 18,367 */2 shares be¬
ing sold by one of the large stockholders.
Oct. ; 23
in
offered
Transfer
$26.50
at
Agent, Guaranty Trust Co.'ol New
Bank
of
New
York.
York.
Registrar,
First
V
.
•;-%
the
explicit under¬
future claims which
LISTING—Company
stock
common
7
the legality- of- the
illegal, but the
Court
of
Appeals.
r
manufacture
the
on
AND
and
has
agreed
York
New
to 'use
Stock
to
large
best
efforts
to
list
the
Exchange.
BUSINESS—Company
sale,
its
is engaged, primarily in the
distributors and to
jobbers,
retail
qf storage batteries for- the automobile trade, for industrial purposes,
and
for
farm lighting
purposes.
Company also purchases and distributes "under its own brand names certain battery equipment such
chargers
as
the
8,918
'
v.
{
1942
7
$29,863
668,994
dis¬
seizure
Circuit
•*.*77
'
1943
$767,588
HISTORY
S. JSupremei Court has yet to rule
Federal 'District Court held the
seizure.
"
$21,976
185,826
National
"M''
V
,
1944
836
,;
4*
Pa.
77"
1
Inc.—Earnings—
-
9,034
—4
distribution
National Battery
was asking reimbursement by Ward.
^tonding-'.that neither
inay (trise
* "
v
.
...
.
natural
Both
field
1945
full
Philadelphia.
$176,985
"Loss
replied- that the stores were; seized and occupied .illegally,
the difference
'
"
Co.,
339,943
Gross
took
out for goods
Trust
to
the
surrender
upon
expenses—
re"u>d
•<mH
and
-
Girard
time
$100,
1945
of
payment
anv
oper.
Other
in during the operation of the store.
hand, .and the Army
was
share
per
1,
$379,954
xX?-*'
attorney
than it
at
$105
Sept.
revenues—
500,000
McCough,
$1,200,000
obtain
share
at
oper.
Co.,
informed'Stuart
from
may
value
par
1945,
National Airlines, Inc.—Earnings—
-
out
com-
them,
"Exclusive of profit or-loss7from sale of securities.
Net
—
stock,
1,
share
Total
100,660
&,
———
Dec,
$24,540
Period End. Aug. 31—
Wyatt, Neal &
Inc.
preferred
per
Total
150,000
Wright & Co.—
pre¬
*
150,000
J.
the
to
by
security profit and loss account, Dr$257,661;
distributed income, $1,874; total,
$742,322.—V. 162, p. 461.
200,600;
~
Sanford------^
transfer
LIABILITIES—Accrued expenses, $1,226; accrued distribution, $6,517;
reserves for Federal taxes, $613; capital stock ($1 par), $65,168; paidin surplus, $925,586;
Cummins,
—
;
-
convertible
,
;
&. Co.—
MaJ.
ended
year
appointed
subscribed,.for
not
on
the
at
30—-Li'r
ASSETS—Securities
The
had paid
the
$954,453) cost, $728,570; cash^—in hands of custodian, $11,597; accrued
dividends receivable, $2,089; deferred
charges, $67; total, $742,322.
•,
100,000
&
been
cumulative
v"\
BALANCE
200,000
Inc:'_^_
White,
stock
200,000
Wheelock
6%
SI.50
'v.
100.000
and Co._
Davis
of
of
1772..'7.\
p.
income
Dividend
v.
7
—
Wertheim
Department* had
—
i+For
'
for-redemption
dividend
dividends
'Net.
F.
Army
12,044,752
$24,406,708
1893.
•
Net
War
2,740,649
Initially .offered
was
balance,
p.
Taxes
*
Arnold——__
&
Welsh,
stock
r
that the
2,007,557
f
$50 P&r value
This
Expenses
;
100,000
100,000
W
18.
3,902,540
—
value.
par
900,000
_
i*.-
150,000
100.000
surrendering' the* property,
closed
companies
future,
162,
Income
300.000
•
Oct:
p.m.
no
Mutual Investment Fund,
property of the company seized in Chicago and six other cities
the Government order on Dec. 28,
1944,
was
relinquished at
11:59
97 722
8,327,706
Co.-^6;% Preferred Stock CaUed-4
called
certificates- for the
The
by
193!223
"
; $14,825,339
of New York has
of
the
and
9 MoS. End. Sept.
150,000
7
in
476,270
106 489
(777*■7'"-1**''':7
,
1893.
p.
880.
outstanding-shares
been
Montgomery Ward" ^ Co.» Inc.—Army Relinquishes'
principal mining, smelting,
refining,
milling and railway industries of Montane,
This placed under the
-control of the company the principal properties in Montana
engaged
in supplying both the general public and the industries of Montana; ; energy
162,
shares
1,
1945,
Holders
thereof
redemption price of $106.50-* per
100.000
100,000
". V; i*'; '
U---
Dec.
300,000
200,000
2,456,937
185,428
2,007,557
p.
series.*
stockholders
—V.
100,000
Co—
$4,000,000
677,284
327,005 '
_
162,
100,000
C. Wairiwright & Co.
Watkins, Morrow & Co.
Hutchinson
;
taxes on income—
^labilities—_£; ," ' ' V
10^,500 shares
accrued
of
conspli-
interest
together
These
the
&
Moran
j
100,000
150,000
Co.—
$2,000,000
;
—i;__—__—•
1944.—V.
plus
250,000
Woodard-Elwood & Co.
Co.—M—M—M
&
Co.,
Eastern
early
company
Co.
supply
to
and
&
;
C—
stock, 4%
AH
;
100,000
;
■■
than
400,000
150,000
Inc.—^—_
McMaster
and
Power
half
a
Co
other
accrued
Muskogee
*
100,QOO
Weeden & Co., Inc.:
Burns
Corbett,
Electric
and
Power
Co.
end
Billings and
Co.,
which companies were the principal suppliers
the public in Montana at that time.xMM,.
Water
stock
organized
Power
consolidation,
supplying,
trie
was
and
Electric
Montana
cf
company
&
Martin,
100,000
H.
200,000
Dec.
&''Co.__
Stokes
Tyson
Wachob-Bender
100,000
88 949
$14,825,330 $24,406,703
compensation, j
publicly offered.—V.- 162,
-
Townsend, Dabney &
—_
v
100,000
Thomas
200,000
,
2,696,120
79,420
Murray Corp. of Americar—Transfer Agent—
ferred
10:0,000
Suplee, Yeatman & Co.,
> Inc. • ——■—M—
■
-
:
125,000
100,000
500,000
30,
agfcnt for
«
&
———
Scribner
506,000
2,639.421
;
*
banksJ_I_____;_;__-^_^„__l___; j
The Guaranty Trust Co,
;.i
'
J. B. Hanauer &. Co.l^V
Harley, Haydon & Co.,
company.
Prior to
Scranton
—
.;
200,000
v
600,000
....
— Irv^r—-o---
have
Showers———-Sills;
Minton
&
Co,,
Inc. ——Mv-—w— M
Singer| Deane &
....
_^—___-.«■ s
&
'
1,850,000
Smith,- Moore &r.Co.—•_
Starkweather & Co._—
stix & ;Co;_:_-__MM'_i",
Grimm
i'
150.000
&
Robert
250,000
—
;
Hutton
Inc.—'
W.
Co.
400,000
100,000
COMPANY—Company was incorporated in New Jersey Dec. 12, 1912.
Ira Haupt <k Co.—1—.
500,000
It is a public utility company. operating chiefly within the State of
Robert Hawkins & Co.,
Montana and is a subsidiary of American Power & Light Co. and of
Inc.
100,000
Electric Bond and Share Co.
Company is engaged as a public utility
Hill
&
Co.—»—M
200,000
company
in the generation, purchase, transmission and distribution
r.H.ill, Richards & Co.—
100,000
cf electricity throughout
the greater part of Montana and a small -M .Kenneth b'. Hill & Co.
100,000
part of Idaho, in the production, purchase, transmission and disti'i- MHirsch &, Co._wMlMM
500,000
bution of natural gas in. many of Montana's principal cities, in
f.he
Johnson,
Lane,
Space
diversion, transmission and-distribution ox water at and near the city
and
Co., Inc-M-M''
150,000
cf Missoula, Mont., and dn the operation of two central steam heating
Ladenburg,' Thalmann
systems.
The natural gas producing properties owned by the com¬
&
1,850,000
Co.—M__M'M.;_;
pany are operated by the Union Oil Co. of Calif, under a contract with
Laird, Bissell & -Meeds
the
& Co.
,_MM_
Greenway & Co.—
Gregory & Son, Inc.-
*2,481,665 shs.
of
none
Co.
Ellis
".,Anderson
VllM:
:,
300,000
Greenman & Cook, Inc.
.
company's preferred
stock of indebtedness (as of Oct. 10, 3945), but is the beneficial and
record
owner
of
2,475,594 shares of the company's common stock.
The balance of 6,071 shares of the company's common stock is owned
by the public,
owns
&
&
Green,
Co.
Mason,
Cleveland
Foster
$40,000,000
'
$6-preferred stock
First
June
300,000
mon
Rogers
&
Co.
Co.
Schoeilkopf,
—-l-——..: "'100,000
California
and
Pomeroy,
Inc.Scott, Horner &—
;. Corp. ——
due
Hartley
Co.,
i
;
873 398
665,000
insurance^ etc.;___
"Represented by 390,254
-
&
Field^: Richards
The
GIVING
CAPITALIZATION,
Humphrey
100,000
and
n;'~'":-/'r
;
The Robinson i
F. Rice
150,000;
Douglas
Inc.
of 1975 series bonds now being issued, the sinking or
requirements for the first year will be $400,000 in cash or
their principal amount, or $606,667 in net property additions.
fund
Daniel
400,000
Co.—
M.
Ferris,
.
on
150,000
Russ
———
Dittmar
principal
loo.ooo
Reinholdt & Gardner-
.&"vCoV"'
'
contracts
U. S, taxes
equipment____;__
surplus
bv;T°tal
100,000
100,000
Merle-Smith—'
war
5,040,310
Ranson-Dqvidson
Rnuscner, Pierce & Co.
300,000
1,500,000
of
Earned* surplus
%&.■
750,000
350,000
.
28 002
customers-
payable, ;trade____
Miscellaneous
<
150,600
Co.,
100,000
&"Cb™
House
terminated
4,511,241
154,924
(net)
.
Co,; :?toc.-—^
.
etc.
fiom
;
payable,
Capital
.
Davis, Skaggs i; Co._l
Dempsey
Co.— '
$6,263,484
■
1944 1
■
$4,684,929
6 767 157
; fRenegotiation refund payable to Ui 8. Govt.
'
63^701
f Prov.. for eqt. U. 8. and Canadian taxes on inc. '1,413.687
100,000 '
VnS!5yef rv-r—
i~-——
i.
825.000
P► f
""■i
4-——-.
3,902,540
100,660 * r.
—^_w
The
Co._——i—' ''400,000
Co.';Lj—_i:_' '■ 100,000
Notes
100,boo
Co.——
■
*•
1,287,595
1,702,118
(netl
rJ"'
tqxes,
Quail-"&::;COi—
$40,000,000
other
<fe
'Ine.-
.
trade
•
Accounts
Co.,
Putnam &
100,000
Torrey——_1_
&
Courts
2,524,790
v
$3,991,092
charges
250,000
L,
250.000
&
Inc.
income...
Interest
Corp.'
S.
$6,621,524
$6,201.0.11
150,226"
.62,472
80,279
$6,437,374
Total inc. deducts, (net)
Co.
1,354,345
'
income—_____
«fc
1945
'«.
$3,582,632
3,835 832
________
;
and
and
30
*'.".•»»*].'>'•'
hand
.
»-
:_M
-i»
Putnam
F.
Carroll
2,993,003
.
'
Net
Inc.
100,000
100,000
Cooley
...
,
Gross
Co.
Pollock &
Cohu
1,965,439
taxes.
'
^
&
E.
*'
-
-
$2 87
1945
liabilities—
150,000
l_i.
Writer • &.
-v
Christensen,; 'Inc^iM
Wm.
;*
on
on
plant
taxes
390.254
in
*
BALANCE SHEET, JUNE
?
125,600 £ Accrued payrolls and
Accrued
Peters,
•
Prepaid
&
Inc.
"
____—
i Property,
150.000
.'M
500^000
$1,119,861
390.254
S6curitics
Estimated refunds
^
1,850.000
Copeland
Winslow,
100,000"
1,000,000
"
'.
recoverable
'est.)
■i;*'"'? *
'j
500,000
T°taU
of" Calif'.—
I
$1,008,808
_
receivable,
500,000
Co
300,000
Co.,
•
Co.
&
Clayton Securities Corp.
„
1,839,669
taxes—
prof,
Cahn
B.
B.
Oemral
7,649
—
income
100,000
Inc;-;
Amt.
f
i_
Cr375,000
Crl65,000
depreciation "of $371,119*
8 of raw materials,
Estimated-amount recoverable
1QO.OOO
200,000
Co.__
Kendall, Inc.MPerrin, West & •'/
600,000
&
Company,
&
Cr300,000
i.—
»'iny,ent®
t
t
O'Gara & Co.__
John
utility plant
Acquisition adjusts.
Taxes, other -than, inc.excess
Co.
Accounts
required__
taxes
no
$2 58
^rast? In banks and
j
750,000
3,875,000
pre-war
.
150.000
Securities Co.
Patterson,
1,850,000
V
100,000
Co. _XM—_,
%.
'
100,Q00
Miller
_—
Newton
Caldwell; Phillips Co—
of
Federal
Slocumb
&
Frank
2,128,251
2,252
; :
Fed.
Burr
limited-term
investments
Amort,
2,059,081
&
100,000
-V;
7
&
Inc.-
C.
R.
Patific" Co.
1,850,000
&
Whelen
Brush,
;
i
2,017,380
1,692,457
Co.—
longer
profits
taxes
paid.
;
;
on
—r—
ASSETS—
..Park-Shaughnessy &
...J.00,000
f William Blair & Co.
and
tdepletion reserve—.—
Amort,
&
Co._
M.
no
excess
1944.
^ M&rkctable
520,000
630,000
losses
share
per
in
$150,000
and
Otis
100,000
Co.
Inc. —————
2,521,453
2,519,927
Stearns
Biddle,
Total
Earnings
an
longer required
and post-war adjusts,
(net)—
war
®!irpJUS,.
Cash
dividends
-
Louis
Co
Alfred
100,000»
Co.—_
Bernheimer
Bear,
,,
& Co. :_.
of
years'
r,
.
E.
'
V ; •" ' "toC.C MOO,000
19421 '•
St,
Martin
&
Nashville
The Bankers Bpnd Cq,»'!;
.
3,545,931
v.
.
100,000
.100,000
$15,082,213
3,572,418.
.
Provision for
!'
Co.,
Moreland—,
Mullaney, Ross <fc!Co.
Murphey, Favre & Co.
-
prior
Canad
tax_
inventories
refund
for
and
tax____
for possible
•
&
,
surtax
profits
profits
reserve
Post-war
150.Q00
Mosle
150,000
,
Co.,
$14,207,877
—_
——vi.;
1943
:
_
150,000
Company-.*
Adama
Co._
&
_:
■.
W.
%
200,000
Co.
toe.
-
;
—
&
excess
Prov.
*
««
Mericka
McKnight,
E.
A. E. Aub & Co.—_7—
f
^ 7 7
1944
gas
Gasoline;
1,384,000
SUBS.)
Calendar Years-
'
Water
VINCL.
and
July 31,'45
revenues:
Natural
7
of—i
sum
r
Atwill
Jones
J.
Milhpus,
BLeich-
toe;—!1a—T—*
1945
CONSOLIDATED
Operating
31,
at principal amount-thereof which,
interest thereon Cestimated to be approxi-
company
S.
and
excess
amortization- and
Co.
200,000
Arnhold: and
S.
tax
and
$376,602
Metropolitan
100,000
first
bonds
1945),
mately $415,000) to maturity, will require the
.
U.
>
Inc.
'pany'
Almstedt Brothers-—
normal
Portion of
com¬
,
Morris Mathers &
Wm.
S.
20.744,083 **44,863,618
1,368,402
l'324*083'
102,934
123,612
..____
;___
expense
income
■
expenses—
*
•
.w«»vu
Co;:
"
mortgage gold
r—«-
Inc.. __i_—$6,350,000
•.;
-
/
Z.—
.—:
which, exclusive of accrued
—r-.—ii_„—————_
$1,384,000 Butte Electric & Power Co. non-callable 5r'y
•«
Interest
:
interconnected
—
sales
of
cost
Selling, gen. & admin,
UNDERWRITERS
Halsey,'
$24,074,227 $52,016,183
1"
Manufacturing
*
'
7"1 watersheds wito-different precipitation characteristics.
with
company's general funds, will be used 1 to
outstanding as of Sept. 30, 1945, as
interest, will require—™
$10,589,900 30-year debentures
■
*
,
debt
'777
$44,202,000
together
$39,901^960),
—
$23,980,792 $51,931,461
93,434
84,722
«T°t?1
*
Idaho.
entirely
1944
sales-—
Other income.
:
certain
1945
Net
steam
7
■:
.
.
"
;
^
the
funded
•', ' --X follows:
,
Years Ended June 30—
company being
168
communities,
r
.
electricity,
the
in
one
1975
$18,484,040
>
•
by
supplied
in
<
company supplies power to
in the Coeur d'Alene mining
:
:
_
served
area
water
with
the
under
X'
Montana
series bonds and any other bonds which may be issued
The territory served with gas is all included in the
territory served
with
mortgage will constitute, in the .opinion of counsel for the
electricity, ; but is not as extensive as the territory in which
company, a valid, direct first mortgage lien on all the electric gener¬ If electripity is served." t
*,,}.*<
'
>
K"
v/./;;-';.-:/;': ♦
( ^
The compan^''s power plants are
ating plants and other materially important physical properties of the
all hydroelectric, but It has the
desirable
situation of having
company.
'
I,
^
>•/
" %
these plants located on four differdnt
.
.
■y
communities,
of
conda.
improvements of oper
15
months
ending
the
lor
'7;;;7:,;v7': ■
facilities.
'■■■tr
the
State
Electricity
in
16
the
of
of
300,000.
gas
'
'•■V.
population
natural
to
or
most
serves
waiver of the right
to the authentication and delivery of >
The company also supplies power for the operation of 440 miles of
principal amount of such bonds.
The
mortgage provides
the
electrified
Chicago, Milwaukee,
St.
Paul
&
Pacific
RR.
from
long as any of the 1975 series bonds are outstanding, \in ;•'? Harlowton,
Mont., to
Avery,
Idaho, and
for
the
totally electrified
to
the
actual
expenditures
for maintenance
and
repairs,
Butte, Anaconda & Pacific Ry., operating between Butte and Ana¬
equal
Dec.
company
' ^ approximately
^
.•
.
is established
The
the
cause
an
they are redeemed through the sinking or other
redemption prices range from- 101.11 'k ' to par, plus
interest.
sinking fund
A
;
•
If
par.
and
testing
devices.*
Under
normal
conditions
the
com-
pany's only active subsidiary, American Container Corp.,
which
is
Retail, Wholesale And- Depart¬
7- wholly-o.wnedr manufactures a - substantial portion of the company's
ment Store Employees of America
?
(CIO) voted unanimously Oct. 25
systems were constructed in Butte, Helena;, Deer 'I
/: requirements for battery containers.
« *
to call a strike _at an undisclosed time. >
Lodge. Anaconda, Bozeman, Livingston and some smaller towns..- -M > •,
;7 Company
and its
predecessor have been manufacturing
storage
1 f SMontxint Power Gas
Co., a subsidiary of American Power & Light Samuel Wolchok,..President of the Union, announced that-qt the
v
batteries for the automobile trade for more than 25 years, and the
2 Co., owned the qil and gas production
properties and the. gas trans-' * 'Opportune" - moment he will signal for a" walkout in-18 large com¬
company is now one of the largest of the producers, if not the largest.
mission lines until Dec. I, -1936. i At that
time, these properties wfere w pany units,1 where-fhe CIO affiliate is the certified bargaining-agent. ; of automobile replacement batteries in the United States, producing
acquired by the .company.,and the, production properties were irame- »;
"In the'public - interest; our union will firstr exhaust the processes
about one-fifth of the total.
Moreover, the company is among the
diatel ytransferred to Glacier Production
Co., a newly created, wholly
of negotiation land mediation," he said.
nation's five major manufacturers^ qf storage batteries for the auto"We are willing to offer to
i '.owned, subsidiary vot^toe^eorapany^^^^v^.; 2;:^:
*, mobile
field as d whole,' even thpugh it produces only a relatively
;^-::*ix-^-^Aubmit',all;isjhies^-hxhitTOtiori;'*-^;. 162, p. 1883.
f.
tin December, 1944, American Power & Eight Co. acquired-from the ?small number of batteries for original equipment.
Company believes
: !
:
company the securities of Glacier Production Co. and
transferred the y
that it is the second largest producer in the United States of storage
r gas
Motor
production properties and gas resefves to the
Corp.~Annual Report—
company and the
batteries for all purposes, competing with the other raajpr producers,
' °il properties to the Union Oil Co.of Calif.
A; L. Lott," President, ■ said in part as follows:";.'.as
well as with several medium-sized and numerous small Qnes.
I _'*'The company has operated the gas productiqn properties, gathering
On August 14th this company's post-war financing plans were com"Products manufactured by the company and its subsidiary, American
lines,' transmission lines : and distribution -systems
ontinuously since
pleted through_tbe sale_.to the Mutual Life-insurance Co. of New York,
Container Corp.,
under war orders were related
to
items normally
their original acquisition in :
1930,(although until 1936, title to-all
Metropolitan Xife- Insurance Co, and. the New England Mutual Wfe
produced and consisted primarily of submarine and aircraft batteries,
except the
■
oil
'
vati$ -gas field.
Gas distribution
-
The
M-
Exec&tive'yBoa^-ofMhe; United
.
*
^
•
.
.Pfoduct^
,
.
■
distxibutioa; systems
was
in
the
name
of
Montana
Bower
>*
Insurance- Co..h of
$3,000,000
15-year
3 V*%
debentures; and the. arDecember; 1944, the gas. production properties
rangement")of .a "five-year revolving, credit of $2,500,000. with-a group
and gathering lines in the Cut Bank
field have been operated at costof
banks.
Proceeds From the financing will be used for additional
>
j, by-Union Oil Co; of Calif, under a contract with the company. *--•; facilities
and-wprking capital in connection will) the resumption ,of
( VThe-water and ; steam, systems in Missoula were
.acquired in- 1929 4, automobile-parts majnufacturing-v 'the expansion program planned for
W
ha*« been owned and
operated by the company;cqntihuously since
the Deepfreeze Division/and a 50'/c increase in the plant et- Walkerthat date.
;
...
> x
vine, Ontario; ;
.*
,
Gas
Co;* and," since
*
.
u
.
-
...
/.
and
containers;
tiation,
7
of
1944
..
these
products,
and
1943,
one-tenth
the
35?r,
fiscal
net
sales, for-
and
estimated; sales
of
after provisions
33%
years
similar
for
renego-
and 26%. respectively,
ended
April 3D. 1945,
products amounted to
of such salps for. eaqh of the two preceding fiser!
Unfilled war orders qn July 3t 3.945, amounted fo sooroyiipately $3,949,000, " of wEich - approximately: $2,600,000 or ; 66% * had
about
/years.
'
Sales of
am°uhted to approximately
consolidated
*
THE COMMERCIAL & FINANCIAL
2020
been
cancelled
by
three months'
for
Company
voted
and
1945, are
batteries
of
has
for
Federal
been
440;
^
at
made
for
Dec.- 31,
during
plants.
The plants now de¬
the automobile trade, which
manufacturing
production
1944,
for
1
10
$15,500 at Dec. 31,
the
not indicative of results
earnings
consequently
year.
operates
the
to
1945,
19,
period ended July 31,
fiscal
full
the
Oct.
the
1944,
nine
for State and
ended
N.
J.;
ASSETS—Cash
but
at Depew,
St. Paul, Minn., and Zanesville, O.
Company's plant
York, is devoted to the production of batteries for
furniture
sold
by
the
issue
of
the
of common jiock
as follows:
shares
capitalization
company,
dividend
$21,700;
capital
$3,688,080;
t,.;
cost
fixtures,
for
payable
stock
total,
$2,858,-
—v.
/../
< •
total,
$1;
securities
Oct.
for
receivable
receivable
(market
and
sold
securities
(360,000
p.
received,
profits
V
Other
will
be
-I;-..;.
July
stock
McGillicuddy
Frank
has
McKee
to
C.
been
has
Guthrie
elected
been
and
Third
Siecond
elected
continued ./as
Vice-President'
Treasurer,—V. 162,
as
Vice-President
succeed
to
27.41
shares
held
m
the
company's
27.41
shares
held
in
the
company's
On
treasury.
the
treasury
1945
Aug.
25
cents
Mr.
1893.
Sept. 10, this year.
Payments in 1944
to
March
on
15,
Sept. 12, and
Partnership at $55 per share.
Pursuant to action taken
special meeting of stockholders held on Aug. 20, 1945, the com¬
10
were
made
were
'
"
' *
.
June
10,
'
follows:
as
March
on
Cash
12;
dividends
a
Dec.
of
cents
25
each
dividend
at
a
par)
RESULTS
Profit Be-
Provision
.fore Taxes
for Taxes
Cost ofProducts
Ended
Excise Taxes
Apr. 30
Returns, Etc.
$7,969,000
$6,481,000
Sold
1938-
7,616,000
6,599,000
1939
8,616,000
7,114,000
544,000
Be Sold
430,000
additional
114,000
1943
18,370,000
14,810,000
15,251,000
1,769,000
1,950,000
449,000
997,000
1,259,000
1944—
25,174,000 i
21,114,000
2,596,000
1,777,000
1945
28,262,000
24,243,000
2,424,000
1,675,000
National Gypsum
The
635,000
754,000
772,000
691,000
"764,000
749,000
1940
10,279,000
8,566,000
1941
12 270,000
9,902,000
1942
18,169,000
_
"After
in the
to
166,000
amount of approximately
PURP03E—Net
to
proceeds
as
/
be
•//.
company from
■-
.
v
,
received
by the
its
estimated
at
Issue of shares are
$997,996, after deduction of the
company's net expenses.
It is intended that the net proceeds will in
the
less
instance
first
available
fcr
added
be
to
general
general corporate
funds
of
the
to
company,
York
Stock
shares
notice
than
of
of
$100
share
plus
shares
to
Exchange has
in
share.
'
,x~'
Company /
' 17,347 Va
10,408
'/
'
and
to
total
W.
to
R.
to
sell
investment
Kalman & Co.,
\ 4,163
Higginson • Corp.__„3,469;
Paine, Webber, Jackson ds Curtis««-i^^._^ ^'2,775
Lee
Harojd Er
Paul,
shares
of
of
Helen
be
to
of
trust.—V.
the
162,
the
Shields
Frank
less
not
is
which
First
of
the
the
company
the
security
■
,
Expenses
and
holdings
to
$10.65
share
per
and
Share
$30.63
stock.'
and
share
net
net
income
tion
asset
the
on
asset
of
as
taxes
had
thereon
share
per
The
$25.97
value
Dec.
of
31,
values,
outstanding
June
on
paid
appreciation.
these
on
If
dates,
the
the
unrealized
Federal
taxes
tributed
of
to
such
taxes
the
six
reading
corporation
This
elected
statement
either- of
that
'
SIX
months
asterisk
an
extent
stockholders.
CORRECTION IN
for
the
to
not
•
>-
dis¬
are
June
taxed
as
correct,
Regulated Investment Company."
a
corporation
as
did
not
elect
so
in
V
,
'
INCOME
•!
STATEMENT, 9 MONTHS ENDED SEPT. 30
1945
Cash
dividends
Taxable div.
Interest
$237,985
4,122
11,517
Z,|/ 11,594
■
^
for
Fed.
for
income
est.
'■
1942
5 069
11,544
Y
14,179
$253,902
V2.000
■■
i
•.
•
>1,500
'
>
'
-
5,239
11,092
-
-
-
f.
•
.• M.¬
"
*
i<,
12,200
218
.
f ..'7
income
$223,155
162,000
deciared.
$61,155
stk.
cap.
Earnings
"Without
(no
par)
-f
giving
162,000
5 $63,713 // $14,802
effect
to
results
360,000 ' «
'■
$0.62
of
security
>
corporation
would
Actually, such
1942
and
estimated
at
to
election
the
Federal
elect
taxes was made
transactions.
income
be
was
respective
tax
taxed
not
as
made
year-ends
liability.
as
it
of
$0.49
The
1945
net
%
the
years
provision
»./
was
1944
not
ulated
(b)
T^e^"^r°Xision for estimated
be
required if the corporation
investment company for 1945,
Realized
basis of
for
/
.
net
profit
from
sales
carry-over
es
of
elects
Federal
to
be
income
taxed
$668,949;
capital
Products
be
securities
(computed
ing price of
the
Argregrte unrealized
compared
with
cost,
the
provides
exchange
event
stock for
plus
be
of
at
profits—
JUNE
30,
1945
$163,989
taxes
116.164
on
1
95,887
shares
'
$47,825
outstanding—
$0.50
■
.
All
Leased
WJ'
'
1945—9 Mos.—1944
'?
§
i'*'-"-.-.
$
\y'i:
.,<
61,645,051 501,018,218 545,409,441
43,013,540 395,313,557 389,730,471
11,719,614
49,507.428
89,773,193
904.243
1,103.241
1,455,945
14,138.049
4,125,261
5,455,952
42 059,184
51.582,936
1,630.710
1,657,413
15,369,567
14,914,450
57,428,751
66,497,386
f"
'
income-
oper.
income
/"
;
Lines)
1945—Month—1944
C J
f
43,173,547
ry.
./„/■
•_
RR.—Earnings—
expenses
___
14,322,841
«
'
-
income
5,755,971
7,113,365
deductions
157,841
3,599,582
326,491
1,313,303
2,705,701
3,696,113
33,791,647
35,250,788
1,998,548
3,090,761
22,323,601
28,540,897
profits taxes 03,015,155
7,745,279
12,513,415
53,941,556
fixed
Net
16,955
income
/
,
&
Fed.
stocks,
for capi-
common
i
,/ 1945—Month—1944
$5,466,484
,
932.000
2,143,000
326,311
1,038,402
378,679
3,185.695
824,558
13,363,776
801,137
463,768
9,636,G65
income
funds
&
other
appropriations
—V.
to
162,
,
Cr848,000
taxes—
income
oper.
1945—9 Mcs.—1944
$7,604,296 $68,556,502 375,819,265
,?/■
:"/r
/ ,*
•
excess
taxes
Balance
repurchased
for
retirement,
etc., $12,353; capital stock ($1
,
Chicago & St. Louis RR.—Earnings—• ?
and
railway
Sinking
stock
$8,133,103.-*y» 162,
income
profits
Net
-i
1517.
income
Other
>
Net
in
income
Period End. Sept. 30—
30, 1945
investments
162, p.
Gross
a
7,/
—r
Fed.
New York,
181,783
$89;375
radiated investment
for Federal income tax
as
charges
excess
—V.
83,333
8,333
$455,435
3,353,334
' v
$9,127,731
75,000
$5,145,302
1517.
p.
8,375,403
5,220.302
508,334
$717,804
surplus—
14,482,000
"
p.* 462.
"T. .p'4
New York
>•
Redemption—
Shipbuilding Corp.—Unfilled, Orders-—
'
STATISTICS ON OPERATIONS, JAN.
1,
1945, to SEPT, 30, 1945 r
undelivered contracts at Sept.
30, 1945
$220,550,000
Billings on account of undelivered
contracts, to Sept. 30, '45 135,721,539
"Gross
10, next,* $200,000 '
value
of
Gross value of
uncompleted/work/oh contracts
,1945,
9
months
"Estimated
to
at Sept. 30,
————
Billings for
Co.—Exchange Offer—
to
each
in
lieu
is
of
$100
prior
cancellation
prices
certain
on
$84,828,461
—
ending Sept.
contract
share.
per
preferred
30,
subject
terms
1945
to
and
108,139,078
adjustment;
contracts
conditions.—V.
162,
New York, Susquehanna &
Western RR.
Payment—
-\ •
' '
*
:
The
exchange
making the
stock
subject
to
1 l/20th
rata
pro
allotments
S
in
subject
572.
p.
of
the
holder
of delivery.
exchange offer
(EST),
by
a
Oct.
on
29,
1945.
The
The net
proceeds from
and
exchange
of underwriters headed by
group
19
will
offer
is
issued
other
the
in
funds
exchange
expire
to
preferred
of
preferred stock
will,
■
together with
bank loans in
raised principally through
long term
$12,000,000, be used for the redemption
preferred stock is redeemable,
new
fund,
at
$105
per
$104
at
'
otherwise than for the sink¬
Oct.
on
the
24
authorized
principal
date.
Payment
For
the
week
year
ended
kwh.
12,372,539
production
ago.
.
19,
is
the
a
12,939,582
Association
decrease
kwh.
/'
output
increase
Oct.-
This
of
of
for.
~
for
of
the
Oct.: 19
-
week
is
reports
567,043
the
cu.
1894.
iV
<v'
..
or
amount
of
this
will
be
issue
of
New York Water Service
;
The
amended
rejected by
it
is
not
The
$10
of
$100
-
New
the
provides
in
of
to
the
The
"
its
Public
pared
of
with
5.29%*
,J
•.f.'ti
In
output
4.38%
week
mon
cu.
ago.~V.
'
'
•
for
the
issuance
replace
plan
The
present
*
I
•
W
ftij.r-
'
>
-
tJ
1::
at
new
refinancing
the corporation, has
Commission
the
on
questionable
is
made
are
determined.—V.
to
162,
been
grounds
of
46,532 common shares of
preferred and common stocks.
originally
as
1944,
the
formulated
stock
new
and
to
were
the
in
to
was
shares
common
July,
have
be
present
■
1944
a
plant .items
depreciation
p.
ex¬
would
•
-
the
com¬
might have
eliminated- and necessary
are
reserves
when
-'-'A
784.
in
common
-/
and
value
par
issued
original
.
.
.
plant
.
.
Corp.—Earnings—
—12 Weeks Ended
.
"
n
*
'
•
\'t
'
7
h'.ii-
Period—
.Net
Association—Weekly Output—
•-*
made
accrued
•
North American Rayon
162,
before
..
Sept. 8,'45
.
taxes
Net .profit
?
Earnings
1944
>.
periods
>•'.
taxes—
.
<
416,004
share—$0.77
NOTE—The
'
*»-"•<•!
after
per
prices .obtained, for
are
'C 'C-
r.)
subject to
.)
.(IT.-
•
' -—36 Weeks
Ended-—
Sept. 8/45
Sept 9'4a
$671,031.' $3,066,222
$2 621 966
Sept. 9,'44
$1,014,005 /
.
reports the number of kilowatt hours available for
the week ended Oct.-20,
1945, as 61,343,937, com¬
64,770,040 for the week ended Oct. 21, 1944, a decrease
-
after
adjustments
ft.,
production. .of
year
1644.1a '
rejecting the amended plan the Commission stated
that
stock is admittedly worthless and
that the preferred
value
no
a
for
.-ur
f
$25,000,000,
Service
for present preferred stocks
wiped out.
/.;/cm /,/■> '''/ ■.-,'
be
v
association
territory
\
Corp.-^Amended Plan Re¬
?//;//••//''
■'■'/;./■?;
interest.
December,
share.
a
York
public
value
terms
modified
.-
loss
^
1
on Jan.
1, 1946
due July 1, 1967,
interest
to
Bankers Trust Co
and
plan of recapitalization for
the
in
plan
stated
.Under
the
New England Power
»
_
Wv-/'/
zz
The company will be able to
redeem this issue-Without
this time, the
announcement said.—V. 162, p. 1772.
cost
123,706,000
above
a
"
series B,
Street, New; York/.-N.- Y.
entire
•
at
reported
,......
electric
kwh.,
corresponding
1,798,000cu.
ft.,
or
1.47%
ft. in the corresponding
week
V
.
redemption
thereof
change
Association—Output—
the
bonds,
amount
jected—
per
r.?
below
jy
put out in 1937,
outstanding, no sinking fund provision having been provided for.
Arrangements have been made for the
prepayment, beginning Nov.
1945, of the full redemption
price, with accrued interest to Jan
at
thereafter the sinking fund .will be sufficient to retire
annually 2%
of the largest-number of shares theretofore,
issued.., .The sinking fund
redemption price is $100 per share, plus accrued dividend.—V.
162,
p. 1894.
:
of
r
v.ir''ji946.-v/:-'.";:'////:
redemption
New England Gas & Electric
"«
'
•
Co.—To Redeem $25,000,000 of
now
5,
share if redeemed on or before Nov. 1, 1948,
price is reduced gradually thereafter until it be¬
comes $100 per share,'
plus accrued dividends in each instance.. Provi¬
sion is made for art annual sinking fund from 1946 to 1957sufficient
to retire 1%
of the largest number of shares theretofore
issued, and
the
*
>'
-
refunding mortgage 3'/4%
of
redemption
The
is
yyyyytyyyyyy
The
directors
the
105%
the
and accrued
,dividends to the date of redemption of the prior
preferred stock not exchanged.
It is expected that the prior preferred
stock not exchanged will be redeemed on
or
about Dec. 8, 1945, and
that delivery of the new preferred stock will be made on
or
about
Nov. 7, 1945.
-''V'--;
and
all
at
16 Wall
new
stock
1
y
3^4% Series B Bonds-^-
3
p.tri.
underwritten
being
be
of
amount
prior
at
Lehman Brothers and Goldman,
the sale of the shares of
for
-
162*
The
made* Oct.
was
Interest
—
,
'
New York Telephone
^
date
The
*
i-
A notice, to holders of Terminal first
mortgage bonds dated? May 1,
1893, says: Henry K. Norton, trustee of this
road, will pay interest
on Warrant No.
5 at the office of the
Secretary-Treasurer, 160 Market
St., Paterson 1, N. J., on and after Nov.
1, 1945.—V.
new
preferred
prior preferred stock surrendered in exchange,
the fractional share,
if any, of new preferred
of
'
,
shares
of
such
^
*
receive,
oversubscription,
share
which
stock
holder
to
would
otherwise be
entitled, plus cash
equivalent to the difference between dividends accrued on the
prior
preferred stock from Oct. 1, 1945, to the date fixed for
redemption,
and dividends accrued on the new
preferred stock from Oct. 1, 1945, to
p.
a
otherwise
1517.
p.
"Includes
due
1955
at
102 Va
and
interest.
Chase National Bank of the
City of New
the
entitled
an
each
cash
stock
sold
appreciation in. valpe of
securities owned
after deducting $31,400 at
Sept. 30
1945
and
1945,
$271,156
•
,163/333
Co.—Partial
preferred
new
that
will
121,908,000
on
premium
offer¬
a
reg¬
reduction
to
!
49,306,292
Total
The company Is offering
170,000 shares of AVz% cumulative preferred
stock (par $100), in
exchange to holders of its 291,091 shares of out¬
standing prior preferred stock, 5'/2% series and 6% series.
The
an
.
ENDED
profits
revenues
Net
debentures
fund
made
National Supply
taxes"
as
1.
costs) carried to profit and
loss on securities
offset
for
Federal
income
tax
purposes
by
from prior years of $457,448. i
average
approximately
<c)
for
"
was
1943
made
excess
oper.
&
16,000
has called for redemption on Dec.
sinking
Payment will
Gas
may
banks,
was
expected that
regulated investment
a
for
360 000
$0.63 >?
448° securities sold for the firs^ P*11® months
trust.
or
$176,802
162,000
$64,341
$0.62
<
^tNo provision for Federal
the
'.
$225,713
360,000-4—360,000
share
per
$226,341
162,000
MONTHS
(estimated)-
and
oper.
Other
7,849
share
r
•.
"
,____,//
^
3,127
Federal
^21
21,450
V.s
,
estimated
attributable
taxes
v'
York, 11 Broad St.; New York, N. Y,—V,
162, p. 1396.
$209,112
--
h
•
///
3,734
Surplus
$457
in
Oil
company
3
not
22,232
2,000>? ;.
capital
taxes
Dividends
Shs.
Ry.
Ry.
for securities sold, $80,331; receivable
$8,391; dividends receivable, $1$,120; total, $8,133,103,
National
The
ing
"N^t
'
•/.
$189,864
8,162
taxes
'
51,828
$234,301
>
■
>
--.v
other, taxes
Prov.c
> <
$253,701 ■*
23,688
stock, State franchise,
and
$234,196
.
/y
___
Pror.
taxed?
be
to
\Sachs & Co.
$264,777
fees, salaries,
and
other oper. exps._
Contrib. to Amer.. RedCross '
?//'.
1943
2,953
income—
Directors'
1944
...
$250,307
sec
bonds..
on
Total
_|
in
;
profits
(Including
7"
$73,583^; J
;
reserves for
expenses,
taxes,
par),:$l,418,019; surplus, -$6,696,816;"total,
offer
,
REPORT—In presenting the report
30, 1945 (V. 162, p. 461), we show
provision made for Federal income taxes as
"no
to be
is
profits
MONTHS
ended
these years.
realized
'
Co., Inc.—Earnings—
SIX
Period End. Sept. 30—
.</
'I-"' ,'c '*
\
S
•-
'
would
have amounted to
approximately $775,700 ($2.15 per
$602,100 ($1.67 per share) and $374,000 ($1.04 per share),
respectively.
Under existing
laws the corporation may elect to be
taxed as a "regulated investment
company" and if such appreciation
is hereafter realized and this election is
made, the corporation will
relieved
FOR
share
per
-
*.
$5,916;
share),
be
Auction
income
net
162,
Miscell.
46,417
6,502
$236,537
r
162,954
% $89,23?
elected
LIABILITIES—Due
of
•
-
bonds called for redemption Feb.
1,
entirety to surplus.—V. 162, p. 1894.
New York Central
$347,788
receivable
-tal stock sold,
apprecia¬
income
,
77:/
4,788
156,641
jJlL-ZjI-J'-
ASSETS—Cash
1945,
537,024
$6.10
:
.
$210,725, $187,949, $828,247/
shown, representing that por-
.....
1942'
'
BALANCE SHEET, SEPT.
capital
30,
$6.64
excess
"Ry. tax accruals
Equip. & jt. facil. rents
$302,220
44,025
_.
: $245,873
the
In computing each of these per
deductions have been made for Federal
no
realized
of
$285,350
<
s
$28.62
was
Earnings
—V.
buying these
who will buy
1943
company and as such should have no liability
in respect of net income from dividends*
;
1344.
unrealized
on
been
shares
share
and
distribution.
to
1944
..':*■*<
'
"Corporatiorifkhasr
;
Corp.—9 Mos. Report—
360,000
per
was
tv
tax
'Surplus
Taking securities owned on Sept. 30, 1945, at the value based on
market quotations as of that
date, and after deducting the dividend
of
15
cents
per share
payable on Oct. 15, 1945r; the net assets of
corporation as of Sept. 30, 1945, amounted to $11,046,521,
equivalent
to
Fed,
Net profit
,.
$1.59
per
company's stock.
On Sept. 30,
$8.01 per share, while on June 30,
44,112
possible
$7,361,263;
National Bond
$106
the
of
$292,835
;
for
income
w
are
persons
view
a
2,849
Prov.
The
of
25
at
sold
be
who
Co.,
than
with
not
to
for
Balance
Corp.-^Quarterly Report--
Taxes
holdings
advised that
is
$1.62
8,945^80
,
such
INCOME STATEMENT, NINE MONTHS ENDED SEPT. 30
Dividend
Co.
of
sale
net
dividends
Cash
trust's
and
.
Trust
C
its
in
York
Provision
Total
<
988.005
9,334,206
amount/of $684,000 to offset the
Net profits before
Corporation reports net assets of $15,103,303 at Sept. 30, 1945,
•
created
trustees.
are
diversify
to
tiyst
a
private
a
are
&
more
■:.</ 765 iy°.
by
Anderson
30%
1,837
H 1,531
>1,225
?
145,201
it was $9.31.
1945
.
1,735
sold
be
of
J.
than
company,
sale
1772.
p.
J.
constitute
of
to
are
and
Shields
sold
purpose
18,367Vi
Lytton
B.
stock
common
the
offered,
will
the
under
St.
Wood' &. Co.____f
the- shares
Of
Hutton
1944 the asset value of the stock
7,652'/a
4,592
765;
9,482,305
187,321
'
Stockholder
V735
'
with
shares
1945
Goldman, Sachs & Co.
Piper* Jaffray & Hopwood—___.
Bacon, Whipple' &
10,322,211
periods
Series
on
New
the listing of 12,500
preferred stock upon
cumulative
connection
These
*
V.
authorized
convertible
National Investors
—Shares to Be Sold by—
4,604,855
2,478,752
2,333,551
14,087,160
expenses exclude amounts of
for the respective
RESULTS
issuance
per
offer
equivalent
?
paici
chargeable
$1,250,000
The
UNDERWRITERS—Company and the selling stockholder have agreed
to sell,
and each of the underwriters has agreed to purchase from
the
company and
the selling stockholder the respective number of
shares of common stock set opposite their names below; >%•:>"
4,463.656
,
proceeds to be received by the company will amount
plus the accrued dividend.
The proceeds will be added
to
working capital and
used
to pay
for plant improvements and
additional manufacturing facilities.—V.
162, p. 880.
be
purposes.
v
1,093,793
2,520,873
2,333,551
income
Co.—Listing of Preferred Stock—To
$4.50
dividend
view
a
The
to
14,785,868
such.
cash, making the total amount applied for 77,480 shares.
7 On Sept.
25, 1945, the directors authorized the sale for cash of
12,500 shares of $4.50 convertible cumulative preferred stock at not
with
quarterly dividend of 25 cents
constituted, payable Nov. 1,
a
now
^Dr644,275
3,624,686
1,145,933
___
of
Privately—
New
official
$56,000.
have declared
on the common stock
stockholders of record Oct. 5.
share
3,614,666
_______
Includes ah
Federal
.'
in
shares for
deducting from profit after taxes a provision for contingencies
DIVIDEND—Directors
<
per
801,000
1,203,000
14,731,436
1;." '
Net
Profit
$113,000
Drl4,000
on
on
v:
.
(
Income
$58,000
10,000
Income
$171,000
Dr4,000
1937
.
4
corporation has called for redemption on Nov. 24, next, $90,500
of 5%
15-year sinking fund debentures due April 1, 1959, through
operation of the sinking fund, at 107 and interest.
Payment will be
made at The Marine Midland Trust
Co., trustee, 120 Broadway, New
York, N. Y.—V. 162. P. 1516.
DIVIDENDS
AND
OPERATIONS
OF
Sales, Less
' /
,
6,652,322
3,763,555
16,321,271
Z)rl38,869ti)rl,535.402
_______
$601,929
tion
The
'
Years
"4
.
Partial Redemption—
authorized common stock was changed from 145,000 shares
to 500,000 shares (par $4), and each outstanding share
of common stock
(no par)
was changed into 1x/z
shares of common
stock tor a total of 293,367 % shares)
of the par value of $4 per
share.
•••/\,/ ■■
<no
7,108.211
employees' service pension accruals, which were
charged to
miscellaneous deductions from
income in accordance with the account¬
ing
requirements of
the
Federal
Communications Commission,
and
are
included
in
other
income—net.
Company considers that these
amounts were,
in fact, current
operating expenses and should have
been accounted for as
on
10.
Basswood
pany's
1,713,738
3,815,085
,r——
tOperating
and
,
stock
100%
on
cents
and
11
11.046,363
7,259,602
"After deduction of excess
profits tax credit of 10%
Dis¬
15.
70,691,500
2,346,299
Earnings per share____
common
Nov.
103,121,622
-y
/
J5r200,418
___
deductions
Balance
the
on
record
of
.
June
10
and
Sept.
cash dividend of 15
a
declared
holders
to
income
Dividends
-
80,718,539
1,825,996
ihcome
Dividend—
share has been
per
par $1,
payable Dec.
tributions of 20 cents each
6,
sold
were
of
stock,
par),
incmding
dividend
A
Total
S
111.407.623
-
2,370,692
income—net
Interest
Frank
C.
McGilli¬
Secretary.
to
p;
National Container Corp.—Larger
;
1945, there were authorized 145,000 shares of common
of which 117,347 shares were issued and outstanding,
31,
»no
/m-""'
taxes
'r1?'-'-"'
f
7 ? 1945—12 Mos.—1944
18,094,805
operating income
tOther
.
T.
cuddy and continues
335,000 shs
500,000 8h#
{par
20,686,172
__
;
Co.—Earnings—
$
25,918,398
taxes
Net
.
-
$
28,697,946
___
expenses
"Federal inc. and excess
,
not
revenues
National Casket Co^—Changes in Personnel—
John
succeed
\
1
:
.
1945—3 Mos.—1944
/?'/
.
15, 1945, $54,000; reserve for taxes,
shares
no
par), $4,500,000; surplus,
$8,320,972.—Vf 162,
-
v.M ^•'
Operating
•(Operating
$8,-
$8,320,972.
but
Oct. 13,
1945, was 58.corresponding Week last year.
: •■,-/• ■■''
,//.•.„•
,•
Period End. Sept. 30—
.
accrued,
$10,910,633)
purchased
figure for the week ended
of 9.10%' under the
1644.
p.
,r
New England Telephone &
Telegraph
interest
value.
decrease
a
162,
i'/"y'.'i-'/■>..
?//
1945
comparable
867,207,
appreciation.:
$1,177,809.
30,
Me;::
Authorized S.. Outstanding
stock
Common
At
and
$181,924;
dividends
at
owneo,
LIABILITIES—Payable
$57,192;
SEPT.
1945,
unrealized
in
1945,
The
from. the company,-
CAPITALIZATION—Upon
be
banks,
$66,100;
securities
30,
Monday, October 29, J 945
deduction
(no
:
in
delivered,
052,197;
industrial
purposes.
Company's plant at Sioux City, la., the properties for which
are held
under lease expiring in 1947, with a renewal option running
to 1949, is devoted to the production of farm lighting batteries.
The
Zanesville
plant properties are
held under lease expiring in
1956,
with
renewal
options aggregating
42 years;
the Los Angeles plant
properties are held under lease expiring- in 1950, with an option to
purchase prior to the expiration of the lease; and the Leavenworth
plant properties are owned exclusive of coal and mineral rights.
A
plant at Rock Island, 111., owned by the company's subsidiary,
American Container Corp., is devoted to the production, under normal
conditions, of battery containers used by the company.
These items
are
also produced
at the Depew
plant by the subsidiary in space
rented
not
$20,7t>0;
Increase
Sept.
SHEET,
vary
New
municipal taxes
taxes): at Sept. 30,
income
$1,680,631.
months
BALANCE
in size, are located at Chicago Heights, 111.; Dallas, Texas; East
Point, Ga.;
Leavenworth,
Kan.;
Los Angeles,
Calif.; North Bergen,
CHRONICLE
.
.
361,031 .1,250.222
$0.66 /'$2.32
certain-sales
renegotiation
4
.I'AZ
.
.during .the
under
y.'i y/,i,
.
' C
the
A }11-
1
1945
provision
-
S
15(('96G
^
/
^2.12
and
of-the
'
'
'
•
Volume
162
Supplemental
Sixth
THE COMMERCIAL & FINANCIAL CHRONICLE
Number: 4433
Appropriation
Defense
renegotiation, it is believed, will not have
reported.—V. 162,
ures
p. 356.
Committee
collateral
be
in
dealt
of
basis
the
payment
of
unpaid
the
at
bond,
close
be
quoted on
the
$1,000
of
issue
made
that
registered
Committee
in
Indiana
Service
Public
The
;
Securities
mission
to
231.000
6hares
The
the
and
5%
preferred
said
Commission
Utilities Co., may
defined
that
Oct.
Company
of
stock.
this
on
7' !
subsidiary
77
...
company,
a
based
/J.
Such
1950-65.
bids
\
-
...
;
i
.
It
Electric- output, of
.
..this
.company
kwh.,
44,101.000
with
42,664,000
kwh,
Brothers.'...1
Redpath
ft.-';
,q
*$293
,
•■■'
year,
substantially all of its
no provision has been
-
i
,,
■•
l
_
Biddle,
income
made
to
for
&
y
<fc
:
<
M.
Dain
&
R.
Dickson
S.
&
Co.,
Dllloh, Read & Co. Inc.
L.
Morris
.
nation-wide syndicate on
Oct. 25 which offered to the public $75,000,000 first mort¬
J
series, due OcL l," 1975.
Priced at
101 and accrued interest, the bond^ will yield slightly
•
.
Net
sales,-royalties and other; oper, revenues.. 168,432,104 178,165,348 y
®Cost of sales, royalties paid, patent, developui'■"/
1
.<•■
The
■
the award of the issue at
competitive sale 'Oct. 23 with a bid of 100.34 and sped- '
fied the 234%. The sale attracted two other bids. Dillon,
Read & Co., Inc., led a group which submitted a bid of /
100.1399 for; 2%s, and Halsey, Stuart & Co., Inc., and
offering
group
tnent 'and other
:.
better than 2.70%.
•
won
replace 875,000,000 of /first mortgage 3 Vfe %
bonds, due in 1967. which are to be redeemed at 104'A.
Upon completion rof this financing, the company will have $80,000,000
ot first mortgage bonds,, represented by this issue and $5,000,000 of
2%s, due Feb. 1, 1974.
The only, other funded debt consists of
$3,200,000 of 2Vi% serial'notes, due semi-annually to Feb. 28; 1949.
The new bonds will be redemable initially at 104Vi for the first
year and
at lower premiums thereafter down to Oct.
1, 1974,> after •
which tb0v acallable at par.
Roth sinking and maintenance funds
are
provided by the mortgage with special redemption prices starting
at
lul in
I95u and 1951 and at. lower premiums thereafter.
•Other principal members of the underwriting-syndicate are Blyth &
Co., Inc.; Eastman, Dillon & Co.; The First Boston Corp.; Goldman, •
Sachs & Co.; Harriman,Ripley & Co., Inc.; Kidder, Peabody &. Co.;
Lazard Freres & CO.; Mellon Securities- Corp.; Stone
Webster and
Blodget, Inc.; Union. Securities Corp.; A. G".
Becker & Co., Inc.;
Blair & Co., Ihc ; Lee Higginson Corp.; Merrill Lynch, Pierce, Fenner & /
Beane; F. S. Moseley & Co.; Tucker. Anthony & Co.^Central Republic 7
Co., Inc.; Harris, Hall & Co., Inc.; Phelps, Feftn & Co.; The Wisconsin I
Alex.
Co.;
Rollins
& Sons; H/M. Byllesby «fe Co:, Inc.; Clark, Dodge & ;
Co.y Estabrook • & ; Co.; Hayden,Stone 4 Co'.
E. H. •'
Inc.; Spencer Trask & Co.; G. H. Walker & Co., and
Brown
Co.;. Drexel... &
&
Sons,
Dean Witter & Co.—V.
^ Oppeiiheim,
162,
1894.
p.
Collins
Cash
Inc.
New
—
Chairman
Other
S.
Secretary
Joseph. Vice-President of City Stores Co., has been
and Treasurer of Oppenheim, Collins.
Mr. Joseph
of
director
a
City Stores
Mercantile
Inc.;
Co.,
R.
Boston, and Richard Store Co. of Miami, Fla.
Donald M. Munroe, George: B, Miller, Philip
•
M.
Regan
were
re-elected
York
store
and
New
City,
I.:
L.
Cohan
the
Vice-Presidents.
branches
its
is
Miller
Mr.
heads
in
operating
Philadelphia
White
White
Munroe
Plains,
the
of
and
H.
elected
Is
Mr.
also
Corp.,
of
Joseph
N, Cohan and
Mr.
head
store,
■The
John
B.
others
and
Knox,
the
of
Corp.;
board
Treasurer
President
Alfred
are
Securities
of
N. Y., and Garden
Brooklyn store; Mr.
is in charge of
President
Bonwit
of
Blasband.
Saul
Lit
of
William
are.
Teller
&
Vice-President
Cohn,
Bros.,
D.
President
of
Co.,
and
Treasurer
City
and
that
the office of
mendation
of
new
which
tee,
President
President
consists
of
Kinz
Otto
of
announced
a
H.
Ferguson,
was
Cohn.
Mr.
David
Stores
George H.
A.
as
was
President,
left
referred
vacant
to
Wallen
the
to
for
;
a
fourth
and
and
new
Net
of
Earnings
fifth
July 31—
of
the
were
New
Executive
Mr.
Johnson
considering
Yotk
store,
1944
/Pacific Greyhound
Prov.
for Fed.
June
or
Chicago.
Mr.
Chicago
Chicago.
improvements
well
as
taxes
&
June
of
-
accrued
$1,898,532
977,710
Oct.*
78,396
$1,837,969
10,
•
*
$1,747,089
1,011,115
1,022,395
48,000
$975,444
7
taxes..
$842,309
10,713 /
53,500
!/
7;
-$762,074
22,475
$986,157
-7 ;■■■'-/ *
710,000
-
Net
profit ;
per com.
in
•«
$787,940
V
1
605,300/
...
$259,484
$2.78
$2 64
--
;
as
outstanding capital stock
pared with $r5.21 on Dec; 31, 1944,
of
.
.
t
and
the
t
1
also
,M
$249,780
...
of Sept;
30,
1945.
were
equivalent
and with $15.08
on
$20.29
as
Sept. 30,
$2.42
/'
of $75,000,000 of
The loan will
debentures.
about $8,900,000
of open account notes to
$7,100,000 in 4%
demand notes from Bankers
will be retired from the proceeds of $75,000,000
with
loan
are under registration and will be
coming Victory loan.
Commission
has approved
the debentures
The debentures
after the
Railroad
California
supplemental
to
which
debentures,
call
of
premium
filing
will
106
become
for
Car
Motor
/
New
and
Jobs
Speed
Co.—To
Built—
President, disclosed at a press conference!on
Oct. 18 that plant reconversion had progressed with 3ucn rapidity that
production of 1945 Clippers started that week on a limited scale.
George T. Christopher,
/
■
"Rather
wait
than
completion
for
of
our
started
ment
;
and
provide cars for anxious customers
assembly
said, we have
speed employ¬
400-foot
new
the most modern in the automotive industry," he
turning out cars on improvised assembly lines to
lines,
sooner."
announcement came only a month afrer rne
" 1
aircraft engines/which Packard built for nve
types of fighting planes, rolled off the war-time assembly lines,
ihe
peace-time reconversion was effected even though Packard marine
engines for PT boats still are being produced in another part of tne
mile-long plant, a Navy contract that will continue to run until tne
I:fore part of 1946.
Packard/ which converted completely for war
work, has turned out to date approximately 13,000 marine engines,
which
the
Navy uses to power all PT boats. . This puts Packard s
total production of war engines close to 70,000.
/
Christopher's
Mr.
of
Rolls-Royce
56,000
in
PLANT
is
Bankers
Bank
and
Co.
Trust
&
Trust
of
Co.
•
the
in
estimated
amount
see1 V.
'capitalization,
of
wa^
reconversion
ITEM
Mr.
costs,
reconversion
indicate
estimates
present
At
$15,000,000
Christopher replied:
"Latest
will approximate $15,000,000
when
completed.
Nearly $10,000,000 has been earmarked lor „ this
in
1945/'
'•
--V- -V
v v:-/
• '• V
n, ?
He said the company had taken out a VT loan some 18 months ago
as protection
against future costs of getting back into the automobile
business, but the company's present strong cash position and its ready
access to other lines of credit may obviate the need of a Governmentabout
Asked
company
New York
in San
York.
REHABILITATION
expense
.
guaranteed loan. //"'r //'
COMPANY
AIMS AT
133%
EMPLOYMENT INCREASE
which hopes to build up its employment to 28,000
in the production of 200,000 cars annually, is employing nearly 7,000
people
presently.
The previous peace-time employment peak was
approximately 12,000.
'
7
"
/.
' '
"We intend to diversify our line with
post-war applications of ou"
war-time marine engines adapted to industrial .uses, and a broadened
said
He
r
Packard,
«
162, t
incorporated in California
scope
operating public utiiity engaged, prin¬
generating, purchasing, distributing and
domestic, commercial,
industrial, agricul¬
in commercial cars,"
he added;
*>'i-
an
and
of
Unveils Its Post-War Car—
Production
dis¬
its
before
and
and'
gas,
new
cities
of
Dealer
will
cars
be
its
1946
models
Advisory
made at
has
>
been
unveiled
early November. -.,:■
for
bv
this company
Council, and first public showings of the
regional dealer meetings scheduled in seven
ended
May
■
•
•
served
31,
were
follows:
as
is
estimated
electric
•
that
is
also
-7
.
engaged
the
in
,
1,053,576
.
of
the
gas
' :-77-:
business
/
773,455
-
customers
represent first application of additional precision
learned in our output of Intricate war engines.
were
77..7;/-/7:/7/7'./:
(from
which
for
lower
Eye
.
29.1 %> V
70.3%
;JL
approximately 94%
emblem,
appeal of the cars' interiors is improved by colcrlul fabrics and,;other
modern design touches.
. 7
'
i«»_
"Not only
do the new cars incorporate as many changes as. (were
offered in some pre-war years," Mr. Christopher pointed out/"buf they,
the
inspection expmence
months
ended
May
revenues
was
31,
1945,; approximately
derived)
0.6%.
of
its
)3
*•,
-
j:r0.
gross
of
"
in
com--'
$45,639,088
appearance
radiator
:v7'7;
133.174,066
$110,398,224
customers.
company
Gas
7,626,697,602
\
is gained with a new styled radiator grille,
and more massive sideguard bumper treatment,
exterior
Electric //■:'
respectively )^._—w
. CARg pROprr By WAR PRODUCTION;
*
•
distributing and selling water! i t "While the automobile industry gave more "know-how* to war pro-,
in
16 cities and
towns
and certain rural areas,
duction than it received In return, it is obvious that what we haveand producing and*
selling steam
in certain parts of the cities .of San Francisco and
learned about production and its control in building nearly 70,000
Oakland.
In connection with the development of its gas and electric^
aircraft and marine engines wiil be reflected in still better motor tars.
business,
the company,
As
a
result we expect to give the owner a product even mcrfc eonin
normal
times,
cooperates
with
dealers.12
/•■ f ;
1944.
for
customers
revenues.
The
based ort market
to1
$58,401,-
7//:7^
/;;■'/■// //,■
}
-
and
Percentage of total gross revenues
♦Number of customers..!—w<—!lr
464,500
$2.77.
r-
of
(kwh. and mcf.,
Gross
:
$275,440
is
of
months
12
number
Sales
$714,280
512,500
The
Packard
company
New
•/ '/',///7^: —'!.■■'■/!•"' //. 7/"-
28,306
:/
250,000
' i;'
on
price after competitive bidding.
due Dec. 1, 1975, will be subject
the first six years,' dropping one Point
each six years thereafter to Nov. 30,
1980, after which they will be
callable at par.—V. 162, p. 1894.
' ;!\'7'//
7 77'
1977.
1,
the
company
of
in
York
BUSINESS—Company
energy
——
/1 Sixty-eight mechanical and design changes are Incorporated in the
1945, sales of electric energy
'1946
Packards,
which follow the style
of the company's pre*war
and
gas
(all
inter-company and inter-department sales, except for/
Clipper model with Its fade-away fenders.
construction
purposes,
having been eliminated), revenues therefrom
:
Functional design of the Clipper is retained and a more powerful
before deducting the outstanding debentures, amounted to /
equivalent to $4,361 per $1,000- of debentures, as com-"
pared with $3,520 on Dec, 31, 1944, and with $3,498 oh Sept. 30, 1944.
After deducting the outstanding debentures at
par, the^net assets perof
the
National
funds
treasury
municipal purposes,
selling
natural
the
For
quotations,
$3,715,891,
share
office
Dec.
purchasing, transmitting,
for
domestic,
commercial,
industrial
purposes,
throughout a large part of the northern
central parts of the State of California.
C
50,000
Overseas Securities Co., Inc.—Quarterly Report—
net assets of the company
New
Illinois
and
operating
/. .The
of
office
at
due
are
the
company
funded /debt
business
electric
'
Co
&
v
■
issuance
debentures.
subject
'
of
Company
the
and
tributing
$685,973
25,867
?
,
$864,784
$276,157
—
share
and
*
1905.
cipally,
$1,668,693
103,404
1,003,223
/
interest)
Yarnall
about
and
Co.
to
the
statement
100,000
;
along
T.
immediately
The
plus
$277,692.
1942
$1,734,565
108,879
$2,001,154
/
in
company
is
&
The
intention of the company to redeem on Jan. 1,
interest, $49,000,000 series I,
3 xh 'M
bonds
due
out of an aggregate principal amotfnt of $49,927,000
bonds outstanding and
to
applv for th^t purpose the net!
from the issuance and sale of the series N bonds (exclusive
such
IFor
the
and
at
agencies
payable
of
1945,
Company has no fiscal agent.
proceeds
-
1,
Dec.11
and
the
Continental
at 105,
1, 1966,
Co;
,
June
agency
the
is
PURPOSE—It
1946,
of
plans
as
at
of
agency
in
1
at
Principal
and
150,000
&
Models—PT Boat Engines Still Being
dated
payable
Francisco
the
be
Francisco
San
♦It
-Earns,
;
-I
to
pending
retired
T.
sold
and
are
&
2%%
issue of Oct. 22 of the offering by The
our
Co/
has arranged to borrow $58,401,450 from American
Telegraph Co. on a 30-day 23A% note as temporary fi¬
Trust
•
Kidder, Peabody & Co. and Dean Wit¬
Co., in the offering are: Blyth & Co., Inc.; Mitchum,
Tully & Co.; Piper, Jaffray & Hopwood; Alex. Brown &
Sons; Lester & Co.; Schwabacher & Co.; J. M. Dain &
Company; William R. Staats Co.; Brush, Slocumb & Co.;
Pacific Northwest Co. and Wagenseller & Durst, Inc.—
V. 162, .p. 1174.
Commit- '
.1943
•
48,000
J.'*,.
income
profit
Of¬
ter &
in
'
excess
Lines, Inc.-—Preferred Stock
100,000
&
E.
company
nancing
A
2,050,000
—
Co..—!
&
Wood
Woodard-Elwood
150,000
Co...
&
1895/
p.
Telephone
banking group headed by Kidder,
Peabody & Co. and Dean Witter & Co., on Oct. 26 offered
to the public;at par ($100) and dividend (subject to au¬
thorization by the Interstate Commerce Commission),
50,000 shares of 4% cumulative preferred stock.
Proceeds, together with other funds of the company,
wiJl be applied to the redemption of the 94,455 shares of
$3.50 convertible preferred stock at $55 per share and
tural
-
inc.
$3.21
fered—An investment
selling
/. 100,799
income
bef.
$3.12
...
The
'
.
made in
162,
Co
&
Willis
Geo.
Harold
Pacific Telephone & Telegraph Co.—Borrows
8,543,471
2,661,204
bo
recom¬
and
Herrman
—V.
v/450 from Parent—
8,291,777
2,661,204
outstanding.___'._^_____u._!.
HISTORY AND
$1,789,654
amortlz.
Operating profit
Profit
Hy.
'
1945.
Total gross profit
and gen. exps.__
Other
4,461,620,
11,777,500
20,846
V 61,180
p. 1397.1
$1,900,355
depreciation
and
:
r
and
the
Chairman;
directors
Poors
Oper.
*
4,580,480
11,045,400
:. 25,622
—
...
share-.!!-i-_i.w!r,._.!^!___.
per
Interest
broadcasting net profit,
•Deprec.
shares
—V. 162, p. 607.
Jchn-
larger branch at Garden City, L. I.—V. 162, p. 1288.
profit on sales..
fr. leased depts. &
after
26,273,981
«.1,409,363
Wertheim
500,000 '/
500,000
750,000
250,000
& Co.'r
Shepard
Co...
Webster & Gibson.
750,000
^400,000
Hayden, Miller & Co..
Hayden, Stone & Co,—
Heller, Bruce & - Co.—
profit for. year
Number
H.
the
Gross
Inc.
Hawley,
Renegotiation refund lor the year 1942—
•Bonds
Outlet; Co.-fEarnings—
6 Mos. End.
:;v 858,079
Corp./
Dabney &
!—--
Tyson
G. H. Walker &
250,000
/
v
Graham, Parsons & Co.
Hannahs, Ballin & Lee
Inc.——
Co,,
Townscnd,
!
1,663,137
foreign-income - taxes./.1.......!..!!
&
American
Swiss
i> Inc.
Co»_!-
&
& Co—
Stroud
'400,000
Co.,.
&
25,606,416
Federal income tax and surtax...
Federal excess profits tax.l.!
States and
J.
company
the
Nolan
25,415,901
Payments to service retirement trust..
Vice-Presi¬
the
and
Stix
&' Boyce__-
Bros.
Stein
Trust Co.
Folger,
168,288
-
i
Starkweather
.100,000
■'■■'
19,911
■
——
.
/ 200,000
Michigan Corp.
of!;,:.
Scranton
W.
Co
Singer, Deane &
: /
Scribner/!!AA'-!-!—-":■
Lincoln —150,000
1,145,883
Income
tails follow:
Bankers
of
Co.;
,
that
announced
was
First
1,646,521
-
/Shuman, Agnew & Co.
■
000 first
Jclley and William E. Murphy were re¬
elected Assistant Secrearies of the company and Mr.
Ferguson was also 7
re-elected Assistant Treasurer.
In addition, William J. Acquario was
elected Assistant Secretary.
-It
First of
588.500
;
1. &
•
200,000
.
Co.—
24.460,532
Gross. profit
■
Munroe.
John
losses..^.............!.
12,541,089
.
on Oct. 18 of $49,000,refunding mortgage bonds, series N, 3%,
due Dec. 1, 1977, at 105.30 and interest.
Further de¬
Gordon, Executive
Joseph, and
Philadelphia.
The
Parks & Whiteside;
Philadelphia,
retirement
the
and
599,042
1,613,138
16,376
Crl8,987
Pacific Gas & -Electric Co.-^-Bonds Offered-r-Mention
Irwin S.
E. Impey,
dent of Chase National Bank of the City of New -York.
Following
:
Sundryexpenses
v
was
Regan
City Stores Co.;
Haenlein, of Chaoourne, Wallace,
sdn.
•
First Boston Corp. and associates
flew-members
Vice-President
11,865,867
salcs__.^___'.!^.____...i,._
■
the '
manages
the Buffalo store.
■
interest
on
"
' 1C0,000
California
Robinson-Hum-
Chas.
100,000
2,050,000
Co.
,
Co..—_____
&
phrey Co.....———
Schmidt, Poole & Co.^.
Co.—— /1,000,000'.
&
&
First
Associated with
Chairman .of the boards of Bankers' Securities v
Corp, and* City Stores Co., has been; elected, Chairman of the. board: of '
Oppenheim, Collins & Co., Inc.
,;//■" --/y .
:
,
: .
Albert M. Greenfield,
Irwin
discounts
40,380,209
38,535,968
\
Fahey,. Clark ' & Co..!
Parwell, Chapman & Co.
137,785,138 /
accrued dividends.
Co.,
&
-
129,896 136
expenses.:!
Manufacturing profit and net cper.^ revenues
Selling, general and administrative expenses..
Management bonus
Total
will
bonds
new
operating
Finley
associates offered 101.8199 for 2% s.
The
Estabrook
W.
The
Co.,
Equitable Securities
Corp
;
bonds, 2%%
gage
:
-19-14
.
•
& Co.—;!
Pressprlch <fc Co.
150,000
Co.
&
:
■
Inc..——
Fenn
Putnam
!
&
250,000
Co.
<fe
Emerson
Inc.
1945
....
R.
1,500,000
H.
West
Phelps,
•
4,250,000
Francis I. duPont
Subs.)- -EamingSr
—:—
Co.
Ohio
Winslow,
Drexel- &
V
————.,
Corp.
Perrin,
750,000
.
&
-
Co
The
'
r.',/
Co._!!_
Leonard
Newhard, Cook fe Co.!_
New York Hanseatic
150,000
Wine.
'
Co.—
Co._—
Newbold's Son
H.
&
' 150,000
2,050,000
Merle-Smith!.'
&
Milwaukee
Lynch
100,000
■
-J'
——A
Masten
Moore,
W.
MeJia—ll—t V:; 150,000
&
Marks
M.
Co
E-
The
..
250,000
(
Co.—
&
.
100,000
Co.!
<fc
;
1,000,000
-
Skaggs & Co.— /
Dick
;
Inc...
House
Davies
Davis,
.
&
A;
1,000,000
& -Co.'
J.
.
(Minn.)—Bonds Offered-ra
Laurence
■
Sherrard..;
&
Elkins,
„
200,000
.
200,000
Curtiss,
payable
(quoted market value of
$175,000;-due for securities bought but
M.
& Alvis—_
Kirkpatrick-Pettis Co..
Laird, Bissell & Meeds.
W, C. Langley & Co...
750,000
>
Sons..
Burr,
Co.—
&
Kidder
A.
Kingsbury
100,000
Cooley
loans
———
100,000
Coffin
.
Sept. 30—
McCormick
500,000
Co.
--Warren, Inc.
Clark, Dodge & Co.—y
.
-interest
Year Ended
&
Co.
&
!!_-
Whiteside
Inc.—
Co.,
Kalman
250,000
Chace,
Co..
Kebbon,
Butcher
<fc
&
250,000
2,050,000
Brush, Slocumb & Co.. '•
•
(Including $14,025 on deposit for matured debenture ::
$43,225; due for securities sold but not delivered. $9,458;
$652,400),
Brown
&
Corp
500,000
Chanute,
Loughridge & Co.—
;
^
'
Co.—:—
Johnson
H.
Co.^'-D
&
&
Co
&
Illinois
Share
R.
as
are
Co....
&
Hutton
F.
Indianapolis Bond
500,000
Bosworth,
.
taxes
'.■-■ •BALANCE SHEET AS OF SEPT. 30, 1945
pledged,
Blair
Boettcher
stockholders
Federal
,
each
by
Hilliard & Son
B.
The
,
400,000
Co.—-
&
Whelan
William
Alex.
-
v
,
^
Owens-Illinois Glass Co.. (&
.
Smith, Barney & Co. headed
j
J.
E.
100,000
___________
Bear,- Stearns
J,
'100,000
1
Baker, Weeks & Harden
$145,705
,
purchased
bonds
N
Corp..$4,250,000
Baker & Co.
Auchincloss, Parker &
pensation/ $50,038;-- 5gold debentures, due Nov.i-T;- 4947; $378,000; .*■•
5% gold debentures, due April 1, 1948, $474,000; capital stock-($l par),
$41,151;-'■ paid-inc surplus;
$3;386,870;
profit
and
loss,
Dr$664,130;
total, $3,992,434.—V. 162, p. 678. •
corresponding week last year, an increase of-3.4 %r.—V. 162, p. 1894.
Northern States Power Co;
Series
principal purchasers and
several
the
"
Boston
Amott,
*17,016
received, $19,241;' sundry accounts payable and accrued expenses
(including $14,025 matured debenture interest), $24,389; accrued interest on 5Vo debentures, $7,875;J contingent'reserve for directors'
com¬
the /
for
of
amount
Almstead
$16,722 7
not
/for'the*- week ended Oct;" 20,. 1945,...
%
compared
as
fiscal
securities
;
5
>
,
^Northern States Power Co. • (Del.)-^Weekly Output-^'
totaled
$271,473
certain non-operatlvtt
:
"
owns
■
of
names
Bacon, Whipple & Co..
Baker, Watts & Co
$575,438
LIABILITIES—Collateral
be %
to
are
?.
$10,469
'148,236 1
Drl3.000 :•
295,778
Dr90,000
and dividends receivable, $16,037;
securities owned
at quoted market value, $3,921,074; prepaid expenses,
$2,640; total, $3,992,434.•
;
;•;•
W;•
.v.,.-.;y-Jr-'
to the company, in care of. Earn, Hurd &. Reichmann, 231 ;
South La Salle St.; Chicago 4, 111., before 12 Noon (CST), on Oct. 29.— j
.
/
50,038
income
interest),
presented
V.'-162, p. 1644.
$65,695
,/
(cost $3,014,056)
///- 7
.
due
debentures,
principal
which
Ltd.,
,
follows:
the compapy operates as a regulated investment
company
Internal Revenue Code and has established a prece¬
distributing
accrued
redeem; the stock at *$108 a'share.—V. 162, p. 784.
serial
31,950
the
17,889
ASSETS—Cash
Midland fa
of
31,950
Properties Co.,
:
PURCHASERS—The
in.the
its
on
:
7
.
of
within
23
is -inviting 'sealed ^written bids for- the purchase <from
-
$25,000,000
dent
HI
*
^Northern NaturstI Ga? ^o,-r-Iriyitation for Bids—,
;
.'/,.V;r
"Loss.
,
granted per- V
not more than 20,000 shares of its i
to redeem
company
of
Commission
Exchange
'l",
V
\.
$66,562
....
Redeem
Co.—To
-
$75,811
33,393
j.
profit for period.
NOTE-—As
'Northern
Arlington
properties.
1942
-TPT-
Net
as
20,000 Preferred Shares-^ "
$20,726
taxes ;,;
for dicompensation
10%//
further
162,
and
•
31,950
'
•
604,750
prov.
rectors'
holders ?;
flat.—V.
•
30
23,626
31,950
-r-V:/,
Conting.
1894,
P.
$121,271
32,146
profit from sales of
(on cost
Prov. for Fed. inc.
,
SEPT.
1943
$84,822
securities
■ face
ratable
of
amount
to
be; dealt
Net
ENDED
1944
The First
Profit
I
original
The
5
31.
±:
percentage
fifth
MONTHS
NINE
___!—
Expenses
Int. on debentures..... •/
first
shall
1948,
a
the
the
in
Nov.
Oct.
on
1,
income
Total
Ruling—
corporation's
Jan.
due
notice
a
shalli continue i to
.that, the ;bonds
ruled
of
the
of
will
and
portion
business
of
this
26
bonds
bonds
receipt
principal
$1,000
per
record
redeemed
followed
Oct.
5Vi %
A
unredeemed
$610
ruling
on
$100
or
and.after
on
refunding
39%
as
value. .This
that
and
FOR
1945
'■? v'
Security Rulings of the New York Curb Exchange
on
ruled
Oct.. 19
on
lien
'■ ''
V':
••
North Continent Utilities Corp.—Distribution
The
EARNINGS
Act.
The effect of such
material effect on the fig¬
a
-'-V/
2021
the
sale
quantities of
*
The
only
of
'
gas
such
active
and
electrical
appliances
and
appliances.,:! f; vi-V-•'-V
subsidiaries
of
the
company
also
sells
*r*'l •'
are
■
Western
Co.,
which
Bakersfield, *
its
quality."
SHARP
Canal.
Co, which distributes and sells water* in certain rural'areas, Northern
Light- and Power Co., which generates, transmits and sells electric/
ehergy
in Humboldt
County;
Valley Electrical Supply
sells eiectrical
appliances in the cities of Fresno and
in
sistent
small
Mr.
'•
PRODUCTION
INCREASE
IN
'd
1946
Christopher estimated the company's production during Ihe, final
of 1945 at approximately 8,000 cars', and predicted a ^harp
in 1946 models to more than double Packard's original/WPB
quarter
increase
■«;{»"can
unite
enhfriiil^U'
Tnr
ripxt
VPftr.
pricing formula
and
The company
no
thfe
162, p. 1644. '
factors of supply.-*-7.
other
for
stock
common
Airways Corp.—New Vice-President
been
elected a 8ystem
Vice-President of Pan
Pan American
Leslie
c.
had
the
been
of
1
Concludes
.
live
each
stock held. It is ex¬
expire at the close of business
of
years
common
'
~
-
1,
Sept.
162, p. 1895.
I960.—V.
'
'
the
•
^
•
'
*
-
,
The First $
of the %
$6,368,000 first mprtgage 3V2% bonds
due 1961; $1,825,000 first mortgage bonds 4% series dire .
1961, and for construction of a new 35,000 kilowatt turbo- i
generator and boiler unit at the company's New Castle ;
steam electric generating plant.
The construction pro- |
gram, whfch also includes additional transmission facil¬
ities, Involves an estimated cost of $3,200,000.''
Company will use the proceeds from the sale
redeem
First Boston
24 won the .
their Joint '
bid of 101.849 for a 2%% interest .rate.
It is expected that the bonds %
•will be reofferfed Oct. 26 to the public at 102,/2. subjedt to clearance .
of
Biyth
and
Corp.
$9,793,000 first mortgage
Inc.,
& Co.,
Oct,
on
dtie in 1975
bonds
,The
Other
other
three
&
group
were: " Harriman
They
coupon.
and
101.5399,
Co.,
fixed
& excess
"
stock
mon
of
such
"
,
Pere Marquette
162,
p.
.
1895,
rate
of
interest
'
;
-
.
«•>'
offered
will
be
to
ate
to
are
issued
be
under
payable serially over
Proceeds from
a
sales
conditional
a
period of
10 years.
agreement and
>'
»
,
income
AND
YEAR
1945—Month—1944
_L—
$3,291,509
TO
Other
Net
profits
railway taxes—
operating
2,021,902
3,836.981
3,739,889
2,282,074
__
."V 41,666
—'
-'Balance to .Surplus——V.
$227,893
$3,448,223
32,282,074
162, p. 1677,
Phelps Dodge Corp.—3 V2% Debentures Called—
All
of
f
$7,587,000 • convertible 3 l/a %:: debentures due June
15,
1952, have been called for redemption on Dec. 15, next, at 103 and
interest.
Payment will be made at the office of J. P. Morgan & Co.,
Inc., 23 Wall St., New York, N. Y., The conversion privilege will
expire
on. Dec.
Holders
15.
debentures
at
time
any
option,
and
and
present
receive
the
surrender
the
said
full
redemption price,
gether with accrued interest to Dec. 15, 1945.—V. 162, p. 1678.
Philadelphia Electric Co.—Weekly Output—
.The
electric
output
for
:
..
v
"
the
Company and its subsidiaries for the'
week ended Oct. 20,
1945, amounted to 119,335,000 kwh., a decrease >
of 11,596,000 kwh.,
or
8.9%, from the corresponding week of last
year.—V. 162, p. 1895.
y5%
*
12 Months Ended Sept. 30—
Maintenance.
lb,097,513
—
General
transportation
expenses;
1944
"•
1943
;
$57,477,192 $55,199,699 $56,323,379
——u-—,
Depreciation and property renewals
Power operation
;
Conducting
<& Subs.)—Earnings;
1945
Operating revenues
incl.
accidents-^
4,012,443
21,204,484
5,700,075
1
8,176,734
3,115,328
3,869,643
3,828,493
18,763,788
?
3,392,854'
18.141,669»
5,114,030
'4,817,777
600,000
•Prov. for abnormal oper. exps.
other contingencies
Prov. for increased labor
9,021,605
3,186,339
2,100,000
and
1,435,683
Taxes,
i
incl.
payments to City of
Philadelphia under 1907 -agree*
ment, ex^l. income taxes—
Operating income
Non-oper.
inc.,
2,705,690
2,749,673 >
3,274,088:
$10,570,648 $10,529,949 $12,591 764
gains
419,682
588,428
399,863
————
incl.
net
agreed
net
cap.
with
*
Gross
income
Rental of leased
Interest
on
$10,990,330 $11,118,377 $12,991,627
lines———3,305,081
3,173,031
3,250,442
deductions
funded
debt
112,628
:
Prov. for inc. & excess profits taxes
Balance
262 683
2,917,141
' -3.00L040
3,140!765
3,300,000
3,423,000
4 710 000
—$1,355,480
•This appropriation made at rate of
years 1944-add 1943.—V. 162, p. 464.
116 324
funds,
cash
$1,404,982 ' $1,627,737
per
month
lor
tive
the
amounted
have
$40
to
per
to
received
be
invested
or
'of the
U.
S.
and
development
of new
products.
CAPITALIZATION
Consol.
'"As bif
to
^herC
Sei>t.^15,; 1945,^^
class
107,COO
A
stock,
shares
shares
of
selling
such
however,
may,
occasion
on
order
in
to
in
the
develop
it
cumulative
$5
The
class
above
waves
necessary
past,
•
products,
The
and
the
its
problems
personnel
to
were
as
'involved
in
continue
owns
no
to
the
receiving
are
land
in
the
future,
or
.
nor
the
amount
leased
of
space
funds
material.
can
required
-■
for such purposes
v.
" I
as
trade
10.739,225 V
13,154,873
14,261,727
1944—
i—__
tNet
income
for
contingency reserve in the
respectively.
Before "the
the
sale
of
the 'war
is
the
1943
of
to
share
per
share on the.
1
were
1868.
p.
,
r
'
"
Income
i
.
.
-
1944
$50,000,
is
sources
of
revenue
dayglasses and lenses, and from royalties.
\
j
has
held
announces
the
firm.
important
,
executive
transfer
July
1
-
of
22
Oct.
an
underwriting
group
Stuart & Co. Inc. were successful bid¬
$22,500,000 first mortgage bonds, se- i-
99%% and
1.
1945; due July
the
at
office
or
Coupon form In
-
16
to
<
■
>
Glore, Forgan & Co.
-
f-
<
on
*
bid of 102%, less
a
J.'
EXCHANGE. OFFER—Company is offering to
preferred stock the privilege of exchanging
thfeir stock for shares of the new preferred stock.
Holders of the old
preferred stock, have the right while the exchange offer is In effect to
exchange their shares on a share for share basis, and to receive >,
in
cash in respect of each share exchanged an amount
(estimated
to be $7.42
per share) equal to the difference between
(a) $102.75, *
the
initial
public offering price of the new preferred stock, and,
accrued
dividends
thereon
from Oc£.
1,
1945,- to- the date of re-'
demption
of the - unexchanged
shares of old preferred stock, and
(b)
$110
and
accrued dividends on
the old
preferred stock from ,£
Oct.
1, 1945, to the date of redemption of the unexchanged shares
of Old preferred stock.
Shares of old preferred stock not ex-% :
changed will:be redeemed at $110 per share and accrued dividends
thereon from Oct.-l, 1945, to the date of redemption, which is expected
to be on or
about Dec* 3,
1945.
The exchange offer will expire
STOCK
PREFERRED
the
,
*
.
holders
of
its
5%
Holders
desire
to
have
t
accept
their stock
Oct.
business
On
Bank
of
of
*
.
v
90, 111., and Bankers
Y.
)• /
proceeds,
$22 225,478,
exclusive of accrued
interest, to be received by the company from the sale of $22,500,000;
series A bonds, together with $1,708,120 from the general funds; of
the company,
ate to be applied to the redeuiption, at .106.50, of,
FURPOSE—The
that the
;.V-
the
Chicago. 38 South Dearborn Street, Chicago
Trust Co., 16 Wall Street, New York 15, N.
from
,
5%
preferred stock of the company who
foregoing exchange offer will be expected to
certificates delivered not later than, the close of
29, 1945; to any "one of: the fofllowing agencies:
Tulsa, Tulsa 2. Oklahoma; First National Bank of
shares
of
to
National
Company does
to
predict the relative volume of future,.sales or other,
It is expected that the company's net sales andother income,
■. :;;
1945,
Oct. 29
$100,000,
were
15 for
compensation of $1.55 per share.
-
t97,83I
and
issue
our
Oct.
York
Oct.
567,804
after
years
of
4% preferred stock (cumulative $100 par) was awarded,
-
t344,040
$50,000
recent
Vice-President
as
Preferred Stock Awarded—An issue of.98,500 shares of
tl52,152
2,185,167
and
during
interest.
'
27,947
;
»
.
and Chairman of the Board,
Strehlow
,
126,286
•
who
D.
.
"96,165
759,639
1,639,733-
New Vice-
1, 1975.
Interest payable cn Jan. L
agency of the company in Chicago or .
denomination of $1,080, registerable as to
principal only, and fully registered form in authorized multiples of '
$1,000.
Coupon and registered bonds interchangeable.
Bonds will be
redeemable prior to maturity, either as a whole at any time or in part '
from time to time at the option of the company upon not less than/
30 days' published notice, the initial redemption price being 103 plus, "
^
"$72,970
,
—-
-
Earle
of
in
on
and
Net Income
'
?
President,
Heiby,
Strehlow.
New
;:chief
per
Equipment Co., Chicago, III.
.Dated-July
?
be'
.
cbmpany's
dividend of 35 cents
payable Dec.
cents
ries A, 2%% which were offered Oct. 19 at
accrued interest.
Further details follow:
amdunt of its net sales and other income during";
"years Is indicative of results of future operations/: Company :
unable
income.
'War
1942,
amounts
'
Dividend^
.
-
"96,165
;
4,119,120
—_
^
on
A.
election
ders
has-
152,704
428,945
>
;
a
'
•.»
..
Public Service Co. of Okla.—Bonds Offered—As men¬
piogram *
is believed
Before
"$72,970
"35,873
719,590
1,032,425
30
headed by Halsey,
facilities r
Such
"Walter
tioned
Net Profit
r
761,487
1942_:
'
-
Taxes
$l95;037
-y
:
1943.1.
"Loss.
V;-
Other Income
$4.51
,
at United Wallpaper Co. and at Pepsodent Co.,
will assume
responsibility for Precision Equipment Co.'s sales and purchasing
One of his assignments will be the building of an Industrial
Service department
in line with the company's aim to maintain a'
continually improving source of industrial supply.
Continually avail¬
able arc Lyon steel shop equipment. Republic twist drills. Fairbanks-;
Morse counting scales, American-La France fire extinguishers, Fostoria t:
irifra-red lamps, Kwikhea't soldering irons, Trindl welders, Linemaster f
switches, and many other widely diversified types of equipment reqiiired for maintenance, research and production control,
A %
-
Net Sales and
I
$4.58
third
peace-time
policies.
be
y
Calendar Years-11938
to
full
RESULTS OF OPERATIONS FOR CALENDAR YEARS
-•■.'.v!r.'■■■'•
war
posts
leases,, and
substantially reduced within af
comparatively short time without material outlay by the company.;
Some ire-training of personnel .will be
required ^and some rearrange-'
ment of equipment will be
necessary, but neither the amount of time
of
160,
Mr.
company's plant and
the attention of the
buildings.•
necessary to satisfy the requirements of the
war
from time to time on
relatively short-term
amount
reporting
in
from
vibra¬
established
use
leased
the
deciarcd
$5,
par
of
the
"
reconverting
operations
Company
'
•
1945—9 Mos.—1944
$9,961,000
$9,963,000.;
$1.35
*1.32;
President,
President—
that the
so
own
peacetime
management..
<
stock
B
do its own manufacturing
demand for new products.'
to
consumer
company
will
sales staff.
have
stock,
Precision
figures
company may later find It
desirable either to
withdraw from such activities after
developing and ascertaining the
extent of consumer demand for
any given product, or to continue the
commercial exploitation of
certain
products.
When distributing its
own
•
to holders of record Nov. 1$.
ma.de in each of the three
preceding quarters, and, in addition, the, company on Sept. 1, last,
paid an extra dividend of £5 cents per share.
'
,<
;>•,
Payments in 1944 were as follows:'
April 1, and July 1, 50 cents
each; Sept. 1, 60 cents, and Dec. 1, 60 cents in cash and 100%
in
"
the
event,
channels
directors
stock.—V.
323,448 shs.
affecting light
find
stock, s
common
Co.—Earnings, etc.—
1945—3 Mos.—1944
$2,925,000
$2,993,000
w;».
The
^
process
cumula¬
$2.50
new
.
„
the
Glass
reconversion
that
.-i
reflect
the number of new shares of each class to be outstanding upon the
completion of the exchanges provided by the plan of recapitalization
after giving effect to the exchange privileges which had been exercised
as of Bept.
15, 1945.
1
is
the
of
,
404,375 shs.
of
shares
2 4/5
and 2/5 shares of the new
7,000 shs.
stock.
common
for
Potash Co. of America-^Larger
btitstending ' J.SOOs^Ares
2.500
the
of
■-
,
j
.
7,000 shs.
$1,)——.
(par
A
cumulative sv
stock.
•
i
class B stock
together with
quarter earnings, ,
manufacturing •,
has been completed in plants of the company.
: ' ■
ill"However,
anything approximating maximum output of company j.
products is being delayed due primarily to labor disturbances and
strikes, in both our own and plants of our customers," Mr. Higgins
said.—V. JL62, p. 1895.
Il" '
>17,897 shs.
'
class
cumulative
5%
outstanding
I'.
Higgins,
B.
announced
:
K18,000 shs.
stock
income——
net
Harry
Govern¬
'
stock
cumulative
and
1945,
new :,
oi
for 2 2/5 shares of the new 5%
Earnings per share—I
■'
15,
snares
exchange each of their shares, together with >
thereon
Plate
Pittsburgh
,
.
to give effect, as of Sept.
three
y.r -
1807.
p.
Distributions
V' Plah '<>1 Recapitalization)
the
of
to
thereon,
dividends
162,
common
V
entitled
Period End. Sept. 30—
f!o«v4he sale of 80,875
securities
in
for
■}'.
holders
the
be
stock
common
I'--
the
exercise
(est. at approximately $2,026,429 minimumi'
general funds of the company. It is anticipated
until- used or allocated to specific purposes, will
balances
s
outstanding
second preferred
—V.
plans,
not " believe
$200,000
not
of
stock.
accrued
of the company's
Certain
for.
underwriters
the
proceeds to
Jan; 1 to Sept. 15,1945
Miscellaneous
would
preferred stock and 1/5 share of the new common
That holders of the outstanding $5 cumulative
be entitled to
exchange each of their shares,
(4)
shall
stock
<
costs.—*
subscribed
cumuh 1st *pfd. |t0Ck^(paY' $50)^-;.
cumul. 2nd pfd. stbek (par $5i__
were
Philadelphia Transportation Co.
not
'•
In
to-
:
first
No
specific
directors,
but
and
their
stock
unpaid dividends on >♦;
accumulated
the
and
B
$li.'
<
•
' ' f,
outstanding shares of common stock shall be reclassi- \
into shares of new common stock in the ratio of
dividends
accrued
the
to
The. company
been the case
1945.
at
may,
class
(par
the
stock shall
for
or
Except for the manufacture of polarizing sheeting and devices em¬
bodying such sheeting, it has not been the company's peacetime practice to engage generally in
large-scale manufacturing operations, but
rather to license others to manufacture and market its
developments.
the
$150,000,
converted
That
(3»
com¬
shares
four
each
stock issuable, pursuant to the company's
1945,
11,
tions assume a definite form. It provides a means for
controlling the
intensity., of direct and reflected light.
Polaroid light polarizing prod¬
ucts are based principally on the use or
adaptation of a continuous '
plastic sheeting, capable of polarizing or arranging light vibrations k
in a desired plane, as the
light passes through the sheeting.
Light *
polarizing devices have many commercial and scientific uses.
291,666.
.' $46,152
each
for
Oct.
.
polarization
& other ap¬
propriations
share
on
light-polarizing
"polaroid", and
4,217,490
2,089,446
4,979,361
87,818
funds
771,813
215,655
399,513
227,893
Net income
Sink,
244,814
record
Sept.
211,119
.
of
share
HISTORY AND BUSINESS—Company was incorporated in* Delaware
13. 1937.
Company is engaged in the manufacture and sale of
and
other; materials
and
products,
trademarked
of accessories necessary for their utilization; in the /
manufacture and sale of specific products
employing light-polarizing
materials; in licensing others to manufacture and sell such products; ■
and in the development of new polarizing materials and
applications V
for polarized light, as well as other materials and
equipment.
Light
DATE
1945—9 Mos,—1944
of
stock
and
common
expenditures have been authorized by the board
on
the
tasls
of
current
conditions
and
present
approximately $750,000 may be used for the acquisi¬
tion of manufacturing and laboratory space, facilities and equipment
(including the cost of improvements to leased property), and $750,000
may
be used for investment in additional inventory and increased.
accounts
receivable
incident
to
an
anticipated
increased
rate
of
commercial production and eales over pre-war output.if jt is presently
intended
that
the
balance
will
be held to finance costs of initial
{v
236,249
income—
lor
dated Aug. 7, 1945, in exchange for shares
record on Oct. 11, 1945.
Such rights are to be
are
as
common
In
Common
/
of
consisted
stock
company
That
(2)
fied
ment.
•
$4,601,948 $40,925,625 $43,006,740
Cr353,175
taxes...
of
$2.50
Fed,. & Canadian inc. &
excess
additional
one
held
common
•..( Adjusted
the sale of the issue will be
Period End. Sept. 30—
such
held of
added
research
of
EARNINGS FOR SEPTEMBER
{
Gross
of
rate
stock
stock
such
remain
-
used to finance approxi¬
the cost of two new 2,000 horsepower Diesel pas¬
senger
locomotives
and
three
new
125-ton
type
1.000
horsepower
Diesel
switching locomotives,
to be
manufactured by
the Electro- *,
Motive
Division,. General Motors Corp., at an aggregate estimated
cost of $585,978/
80%
mately.
•
/
capital
authorized
the
1945,
"
100.006
*
•
plan
plan
That
common
'
common
of
be
that
.
The notes
Stock Offered—Offering of
warrants receivable by them for the purchase of 34,061
stock, which shares the underwriters are offering.
of
,
,.r
<
was approved by the stockholders Sept. 10.
recapitalization provided: ■: v^>-v
■■■*
shall be recapitalized and shall be authorized to.,
issue 429,375 shares of capital
stock consisting of 18,000 shares of
5%
cumulative first preferred stock (par $50); 7,000 shares of $2.56
cumulative second preferred stock
(par $5);
and 404,375 shares of
by
transferable subscription warrants.
The underwriters
agreed to purchase from the company such of the 80,875 shares v
of
The
The
(1)
have
'
of
:
the
of
common
shares
*
by the First National Bank
Cincinnati, the award was determined by lot.
*
-Bight bids were received, the ftext best- being that of the Union
Bank of Commerce Co., of Cleveland, which offered 1.605%
an
4,627,116
isstiih#'-'id■'■>!&^stockholder* -
PURPOSE—The
;
-I
2,475,930
subscription
i
•
%"?
•
445,173
84,776
stockholders
22, ..awarded $467,800 of
Bahk & Trust' Co., of
rate of 1.60%. ' Because *
,
identical
,?
,
Ry.—-Nptes* Awarded—...
Subject to ICC approval, company Oct.
promissory
nofes to National Commercial
Albany, N. Y., on its offer of an interest
of
;
,
<
$11.::
(par
cumulative
$5
1945.
i
,
of 80,875 additional shares of presently authorized
class
tentative
1975.—V,
1,
14;
Sept.
one
at
19430_-—
of
'•
Oct.
$3,285,247
evidenced
Pennsylvania Power & Light Co.—Trustee Appointed 5
due
$2,950,443
recapitalization
of
any
have
The Guaranty Trust Co. of New York has been appointed trustee, %
registrar, and paying agent for $93,000,000 first mortgage bonds, 3% V
series,
i
$100,000.
'at.
On Aug.
7, 1945 the directors approved and recommended to the s
stockholders for
approval a plan of recapitalization dated Aug. 7,
/
V,.
common
four shares
plan
,
to
aggregate
an
the
income
Company' is
shares
t,
,
PLAN OF RECAPITALIZATION
stock
mon
$4,453,619
1,125,230
43,142
"
31,570
t
'
■
—r
All of said shares were Issued and outstanding.;/
As of Sept. 24,
1945, the accumulated unpaid dividends on tne 5% *,
cumulative class A stock would have amounted to $20 per share or -
205,836
,
$350,569
$324,362
Corp.—Common
aggregate
an
;
162, p. 1644.
Prior
»v.^
7,500 shares of 6% cumulative class A stock (par $100); 2,500 shares
of $5 cumulative class B stock (par $5t; and 107,000 shares of com¬
Loeb & Co.
.
'■
3.42B
1518.
Polaroid
„
' "
33,792,429
v 810,416
"
profits taxes
162, p.
dealer-manager of the exchange offer.
;
>
;
According to the notice, the company has reserved the right to
reject all offers of exchange if less than 85% of the shares of $5 r
preferred are deposited, and will not consummate the plan if less
than 75%
Of the shares are deposited.
In order to make the ex¬
change, stockholders are required to deposit their certificates for $3 <
preferred stock at the office of the First National Bank, New York,
■
$451,066
84,418
16,079
20,469
,
—
Fed.
"Includes
—V.
of
■■
$348,259
charges
Net income
Company has notified holders of its 42.000 shares of $5 preferred r
stock of an, exchange offer under-which they will have an opportu¬
nity, on or before Nov. 1, to exchange their shares for new 4.25% ;
preferred on. a share-for-share basis, and receive SVa cents per share
as
a
cash dividend
adjustment. ' Kidder, Peabody & Co, is -acting ?
'
213,537
7.419
l——
^
/
'
^ 1.236
& Co.---——r 4.328
-J—l—u———-.i-
share, or an aggregate of
{Exchange Offer for $5 J*refei*ecf Stock—
exchange agent.—V.
19,954
Brothers
Latirence" M."Marks & CO.- - 3.0911 * .,;
;
$4,247,783
$3,578,892
.20,405
Total Income
deductions
Total
■
0546.729 Cr4.975,171 Cr4,864,288
$431,112
"Victor, Common, Dann &
>;.■■■: Co.
Higginson CO'rp.'ii.^-t jV:H.328:*:lvWhite;: JWfel^
Lehman
$2,907,109 324,336,943 $26,5-2,744
2,437,923
21,553,234 21.251,371
584,803
4,179,988
5,897,878
$327,854
r
MJscell.
bids, all of which named a "
Ripley &: Co., Inc., 101.7099; %
Halsey, Stuart & Co., Inc.,
as
■
3.7104
Johnston;' Lemonv- & Co-.—I S 2.473
Lee
34,061 shares of common stock (par $1) at $28 per snare
was made Oct. 24
a banking group headed^ by JCuhn,
on
'
1
paid on Nov. 20,
also
was
-
incon^
The
attracted
sale
2%%
cents
$2,385,741
2,445,513
265,723
Cr6$3.349
ineome-.
Net -ry. oper.
with the' SEC.
Kidder, Peabody
101.2839,
10
881.
"Railway tax accrualsEquip. & Jt. facil. rents
due 1975 at 102 V2 and interest.
The
of
extra
p.
Ry. oper. revenues.Ry. oper. expenses—„
.
Corp., and Biyth A Co., Inc., on Oct. 26 offered >■
tQ the public $9,793,000 first mortgage bonds 2%% Series :
award
1945, the same
total of 50 cents per .share for
a
An
102,
.
Pittsburgh & Lake Eric RR.«—Earnings—- -:
u
Period End. Sept. 3b—
•* 1945—Month—1944 v 1945—9 Mos.—1944
Boston
bbnds to
1944.
in
year.—V.
,
3.091
Hemphill, Hoyes &/C0.1--.!!.
f
—
par
makes
This
paid
as
"
Pennsylvania Poiver Co.—Bonds Offered
1.
Nov.
1
stock,
■
Maynard H, Murch & Co._
3.091 ' '
A.-G. Becker & Co., Inc.-4.328
Paxne, Weober, Jackson fee
Biyth Sc Co,,'7.419
-Curtis
4.328 :
Central Republic Co. (Inc.i l 3.091
i Ricer & Co._^_i__—
W7.419./,Julien Collins & Co.__—1_
1.2?6
E. H. Rollins & Sons, Inc.3.091 :
Equitable Securities Corp.
3.091
1 Schoellkopf, Hutton &
.
>
Harrlman Ripley & Co.,
1
Pomeroy,^ Ine;
3.091 ;
Stroud ;& Domphhy;-;.-Ixic;-:^2,473Allyn & Co., Inc.—,
C.
A.
-4
3.091
1.236 *
\ 3.C91
; Ma^on-Hagan, Ihc,
McDonald & Co.
12,829
Allen & Company_________
tlividend^-Ibi&O'CexitSr^-'
%
«%
Kuhir, Xoeb &
'
declared an extra dividend of 10 cents per
quarterly dividend dt 10 cents per share on
$2, both payable Nov. 20 to holders of record
regular
the
common
last
income debentures due
r
'
.
The .directors on Oct. 22
Pennsylvania-Central Airlines Corp.—Trustee—
The Manufacturers Trust Co., New York, N. Y., has been appointed
15-year convertible
J
.
-Pitney-Bowe», Inc»—Extra
t
trbstee for the $10,000,000
;
s
.
underwriters
several
proposes 4a
shkre'and
V/ar the Babb company was retained by the
to acquire and approve deliveries
1894,.
r
-
1945.—V. 162, .p.'. 1895.
30,
Governments
Canadian
and
of aircraft for those countries.—V,; 162, p,
- - -
■
;;;
^
•
,
named
below.; have :
entered Into an agreement with the company under which thfe several
underwriters have agreed, severally and not jointly, to purchase from
the company at $28 per share, such of the 80,875 shares of common
itock as are not subscribed for by holders of subscription warrants /
in the percentages set opposite their respective names:
;
t
i'
above offering being made, the New York Curb
rule1the commonly stock i'>x-rights'%pou Oct.
the
to
^
.
and that its
months of 1945,
the last 3*/2
during
sharply
UNDERWRITERS—The
,
with Charles H. Babb
surplus equipment.
has concluded an agreement
latter will handle the sale of
the late Worjd
During
British
.
1945.
14,
Subject
Exchange
Surplus Disposal Contract—
the
whereby
"
He
since
Division
,
.
This corporation
Co.
operations.
chaise of transatlantic
the company's Atlantic
in
Airways
Manager
1941.
January,
:
has
World
American
Nov.
on
decline
operations will be unprofitable during such period.
proposes
pected that the subscription rights will
John
will
Co.* Inc.—Rights Expire Nov. 14—
to offer to the holders of its common stock,
par vaiue,< oi record at the close of
business on Oct. 31, 1945,
right to subscribe at $17 per share to one additional share of
Pierce Governor
will, be,*
i'Around January/* Mr. Christopher stated,
"production
augmented lo bring Packard's "range lntofbur pficefields. ^
i
Mr. Christopher said prices of the new models have not yet men
definitely established because of thte lengthy Job of digesting OrA •,
1945'-.
Monday, October 29,
FINANCIAL CHRONICLE
THE COMMERCIAL &
net
.Volume.162
Number 4433
THE COMMERCIAL & FINANCIAL CHRONICLE
816,000,000 first mortgage bonds, series A, 3'A%>, due Feb. 1, 1971,
and, at 1U4.75, of $6,581,000 Of lirst mortgage bonds, series A, 3%%-,
due, Dec.
1969, of Southwestern Light & Power Co,
*
Calls 3%% and 3%% Bonds for Redemption—-
from
company
the
sale
to
underwriters
preferred stock not issued in exchange,
shares
the
of
with
together
such
"new
of
additional
amount. frcjtt, the feentral
are to be
applied to the
dividends,
stock
of
as
such
shalji
not
funds of .the -oombany /ash/ay be required,
redemption, at $110 per share, and accrued
outstanding 98,500 shares of old preferred
exchan^eu tor new iJieierreu stock under the
be
Exchange offer.
Trust
/ -V.
;
//■/:/
v"
'•
V
;■*/-. '
♦
BUSINESS
,
principally
(par; $100)^4—-^-
AND.
The
in
their
a public
utility engaged:
transmitting, distributing and
purchasing,
fciiu
in
energy
eastern
Oklahoma.
Souutwesiern
service,
at
retail,
of
meetings
N.
of
directqrs
on-
Public
Service
Oct/,,22- accepted
^ director
McCarter
operating companies
regret the resignation
with
and
of
i.
'
Chairman.
as
;:
at
Public
be
believed
140..-\v-
the
of
the
date
same
in
the
lb cities,
l.Ojy
live
communities.
is not permitted to
it to supply natural
.company
retain
Under
orders
of
the
for
the
of
.week
&
Co., Inc.,
miarket,
jshares
the
public utility properties how
by
gas and water service.
Except for the
of these properties, the company has no present intentioj.1
making any major change in the general character of the busxiiess
grow conducted by it. ■
Used
the
/Concession to dealers
ing
disposing
I/.-
.//V. /-
/".;.,
./
The
company
companies:
all
owns
Peoples
the
Ice
^
.
retail;
Pittsburg County Ry., which furnishes
freight transportation service to McAlester
and
munities
in
Pittsburg
County,
Okla.;
interurban
and
four
Lawton
and
Oklahoma
Power
In
in
1939
23
communities
in
six
in
counties
northeastern
Net
PIT])erties, business, assets and goodwill
Power
OF
BOND
ISSUE—The
derwriters of the bonds of series A,
•bonds
&
Almstedl
Co
150,000
Brothers—___
Arnhold & S,
-;100,000
Jones
Bankers
-'tnc. ■_
Barrow, Leary & Co.__~
100,000
100,000
Otis
Nev/hard,
Inc.__i____
Bjurr St Co.,
St Co.__
Cook
Inc.—_____
1,000,000
100,00o
500,000
Julien Collins St Co.—„
Dallas Union Trust Co._
f
Dempsey St
R
S.
•;
Inc.
The
First
St
Inc.
Russ
Co.__
Cleveland
250,000
Co., /
Michigan
&
Corp.
Marshall
Harley,
>,
Haydon
&
Gardner—
Htitton' St
300,000
&
Inc.
Co
Thomas
Martin,
Weil
200,000
Burns
/
100,000
Morris Mather
150,000
/
& Co
.
mc
Inc._
».yO.,
Co.,
Co.—_
150,000
150,000,
Arnold-
Davis
.
as
underwriters
shall
not
respective
issued
as
in
be
of
such
issued
percentages
St
such
exchange agreed
follows;
to
old
of
Kidder.
Peabody
&
such
vy
sev¬
William
Hornblotier
6.65
G;
6.65
Dean
%
»
Blodgct, Inc; •////,
6.65
.;.white,iiWeldv^/t?o;ii»^^,-'.vR
"
Tucker, Anthony St Co.__
8.65
E. H. RoUins & Sops, Inc.
•& Co.___
Stone & Webster and
H.
The
&
Blair
&
Walker
Illinois
Farvell,
Co.____
Co
v:
H. Murch St Co.
Chapman
&
Harris.
Hal!
4.97
Merrill
Lynch,
J.
Co.
(Inc.)
Pierce,
St
&
Co._
Co.—
M. Dain
-
>
•
,
Opftratfng
revenues
Operation
/
—
4,476,478
Maihlenancd %////
1,365,473
1,302,972
1,584,840
7^4,010
946,223
1,556,574
3.670,526
1,581,639
______
Fed.
1,341,386
income
at
business
the
that
time.
1,346,340
1,352,280
827,840
% 820,669
the
that
the
to. believe
.
that
besides
wide
such
use
/
1,590,681
846,157
■"///•/:••• •I,./"/::/"■>/;
162, pr608.-/;
Typewriter Co., Inc.—Plant iii Germany Un¬
^
.
162, p. 1929.
the
-
»
•
system
is
its
ability
*
achieve
to
equipped
The
principle is
Rustless Iron &
See
1
'
American
St.
Steel Corp.—Proposed
above.—V.
Rolling Mill Co.
Louis-San
jFrancisco
Merger—
162, p. 1520.
«
%
,
Ry.—Interest. Payments^—
Principal on Kansas
Bonds—
Payment Being Made on Account of
City, Fort Scott & Memphis 4%
.
have been authorized by the Fede'ral
Mo., to disburse interest to bondholders-as
bend- on the prior lien 4s; $42.64 on the
prior lien 5s; $43.06 on the consolidated 4'/2S, and $47.36 on the 6s.
Holders of Kansas City Fort Scott & Memphis Ry. general mortgagees/ are
to refceive $139.03 per $1,000 bond, consisting of $45.24 interest
accrued from Nov. l; 1944, to Jan. ], 1946, and $93.79 on account
Of principal/which became due and payable on Oct. 1, 1936.
/
The actual K. C., F. S. & M. 4% bonds/whether in coupon or .in
;
fully registered form, should be presented to C, W. Michel, Executive
Eastern
Representative for the trustee, 120 Bread way, New York 5,
NY
or to the Treasurer for said trustee
Frisco Building, St. Louis 1,
Mo./ The bonds will be. stamped
with appropriate, notation qf such
if. payment, pursuant to the above CQUrt order, and returned to the
holders • Certificates of deposit should be presented for payment and
/stamping to Bankers Trust Co., 16 Wall Street, N. Y. City.
.
/
/
The other interest payments are made up as follows:
,•
On the prior lien 4s the balance due or. the July,
1934, coupon
$17.78, payment in full for January, 1935, coupon $20 and on account
;
of, the July, 1935, coupon $2.22. *
.
•
On the prior lien 5s the balance due on the January, 1934 coupon
$7.25, payment in,full for the July,.3934, coupon $25 and on account
of the January, 3935, poupon $10.38 /
••
•
•
'
On the consolidated 4y2S the balance due on the September; 1934,
coupon $21.32 arid payment on account of the March,
1935 coupon,
/> j>21 74'.- "
■ ''
v'
•
•
'
'
On the 6s the balance due on December, 1933, coupon $11.^1 payhient
in full of the June, 1934K. coupon $30 .and payment on account of the
December, 1934, coupon $5.45.—V. 162, p. 1930.
•
Z
'
The
trustees
follows:;
$40
of
ppr
this
railway
$1,000
-
-
-
This is accomplished
with parabolic reflectors,
the
same
as
that
used
in
radar beams.
vstations in the system are automatic, unattended
Radio relay
towers
so
perfectly .designed that, despite the fact that they participate in
the transmission, and reception of every signal set in motion, their
/ presence in the circuit causes no delay or interference,
•
.
./
[See also under "Western Union Telegraph Co." below.]—V.
162,
,
1678.
•
.
o
.
•
•
-
*
Radiomarlne Corp.
of America—Reopens Station—
•
j'^.Net
Other
-;
Gross
Int.
&
Net
>.
oper.
The
income-
income
(net)—
$2,900,957
;/%
income
other
$2,780,387
$2,887,657
11;110
9,838
17,840
$2,918,797
deducts.-L //;;:967,777
$2,791,497
/
947,030
$3,141,297
>
.
$3,150,563
$2,897,495
1,150,000 '/ 1,192,426
Pannill/.. President/
maritime
be
$1,951,020
$1,844,467
$1,746,595
$1,958,137
one year on $22,500,000 of_bonds. of series A
dividend requirement for one year on 98,500
preferred stock Mil be $394,006. '
v
$618,750.
shares of
new
radio
Wartime
income
•
modified
The
The Chatham
% the ,U. S. Nav^ during
The interest charge for
will
radiotelegraph coastal station of this corporation at Chatham
Mass., was reopened/on Oct. 19. for the handling of public radio¬
telegraph messages to and froih ships at sea, according to Charles J.
;; 9,266
y
station,. which has been, used by
the war, is one of the largest and best-known
communication
restrictions
on
centers
in
ship-to-shore
the
World;
.
.
-
.
'
District Court at St. Louis,
>
.
-
of
antennas,
power.
1944.—V,
,
operation.
important feature
design
$2.49
for
surplus and will not be reinstated in the bulance sheet until confirmacurrent uriofficial reports concerning their con¬
'•■/
systems
of distortion due to interference; simpler, more reliable and
maintained, less equipment required at relay towers; lower cost
new
requirements /-, $1.80
div,
estimated provision
dition.—V.
relays* will be
of
2,625,466
t870,39O
302,671
V tioh is received of the
system, which was manufactured by the RCA Victor Division,
these marked advantages over conventional systems:*:*Vlrtual elim¬
use
405,4Q0 % 2/283,644-:
*243,240
t663,752
302,676
302,658
,
with
and
radio
lines,
_
;
company has learned that its German factory was found to be
perfect order and will start making typewriters within two weeks,
E. C. Faustmann, President, told stockholders at the annual meeting
■f held on Oct. 23.
The German plant, he said, has been charged off to
this
in
*
<
.
the
communications services
outstanding..;
share (after pfd.
1945—12 MoS —1944
$2,704,190 $12,575,244 $12,597,797
in
efficiently than One using pole
limitations or costly maintenance of wires.
more
' ' ^
'
The
840,438
1,703,449
per
Royal
r
York
473,951
*284,370
302,658
«
damaged—
.
New
(& Subs.)—Earnings-—
fdr bad debts and reposession losses," and
Federal,normal income taxes', including surtax, but no
prpvision for excess, profits tax. .. tAfter estimated provision for had
debt and repossession losses and .provision, for all, Federal income, and
excess, profits taxes in the amount of $1,619,892 in 1945 and $1,755,076
in
Is possible
in > cooperation
over an experimental circuit between
Dr. Jolliffe said, "haVe demonstrated
tkxes_
;;
shs.
: • * After
/
achieved
1,289,722
847,134
?
profit
Com.
system climaxes more than 20 years of
development by RCA engineers, Dr. Jolliffe
'
/
,
$2,775,543
profit before
Net
1896,
new
and
trustees to be selected by Red Rock
1945—3 Mos.—*1944
Sept. 30—-
Net
'
'in /the communications field
advances
the', Philippine Islands,
companies, almost 100
(Exclusive of company's shafe of earnings of Frank Corp.)
;
Net sales
He
%• >'
1,594,966
taxes
exces^ profits tax_
f
_
modulation) broadcasting programs.
In addition, it
operate automatic typewriters and business machines
without, waste of
p.
income)
Federal
1,385,020
S/..I
**; Taxes
Reliable Stores Corp.
■
1
been
functions
having
controlling
,
Depreciation.
< other than: Fed.
/
purchase
heard
America—Newly Developed RCA Ra-;
Another
Years Ended Dec. 31
4,799,601
to
all
active, able," well-br-
Bottlers, Ihc.—V. 158, p. 1383.
third-offer might be made, but
a
which transmit the signal in. a narrow beam directly to the point desired
,1944
4,877,550
offers
and
d high-power performance with low-power ihput.
/, 1943 >
'. 1S42 $14,484,040 $14,345,429 $13,655,627 $11,707,162
-
*
has
by
July 31, '45
all
5
that
particularly useful in such areas as Russia.
and China, in Central and South America, -Canada and. many coun¬
tries in continental Europe, where distances- are great and long-lines
services-have yet to be developed.
They may likewise serve in England and the.Biitish Isles to make available new services and to supple¬
ment existing facilities." ;•% / >;; ■;
/ .•
■
%
;•
>z of
1.12
/
.
an
will provide that Any stock taken down there-.
deposited by said optionee in a voting trust for a period
the majority of the
years;
Period End.
that
Nov.
ination
4.97
12 Mos. End.
'*
to
system
easier
.
ten
of
send
Union
.."Radio
1.12
& Co.____—__
fihd
proposed option
under must be
'
•
SUMMARY OF EARNINGS
„
•
Co., Cleveland bankihg firm and their
physical assets for a price estimated at
The
2.24
•
Beane
Spencer Trask
Brothers
;
t.
2.79
to
well-financed
development of Red Rock interests in Mexico, Central and
America.* In each case ample, local capital will be supplied..
The
government's
type, of rgdiq jel&y. jiystein,:Jhe pointed-Out;
reasonable
2.79
Co.; 2.24
Bosworth, Chanute,
Lough'ridge & Co
4.97
&
St
Stern
-
.
3.35
Co
research
used
lands.
Z
:
3.35
&
4.97
Fenner
;
3.35
3.35
Equitable Securities Corp.
5
the
It
will
country, including
those for transport vehicles and aircraft, they will be especially well
adapted to rehabilitate and expand communica-tion services in foreign
are
',±.01
;
is
Percent
Co._.
before
has
eventually have in
so
Weeks
St
Witter
Maynard
be
without
(
the
not
.
the
South*
,
Philadelphia,"
st^ck
underwriters,
t
•
6.65
Shields
ry
stock
pre:erred
purchased by
9.55
Co.-_
in
intervene
widely separated terminal .points..
'.'Tests conducted / with RCA Victor apparatus
/•relay;
;
Brothers
&
the
heard reports
times
ifrequency
can
at
/ Western
and
,
Red Rock Eastern has also made connections With substantial capital
for
'
telegraph messages in multiple .numbers, over one
simultaneously and with the speed of light, but to transmit
telephone calls,
commercial
high-speed facsimile, radio-photos, * and
200,000
stock,
,,
for, signing .is a franchise covering
by one of the outstanding local
Ready
V
circuit
i,.
'
'Glore, Fbrgan & -Co.;
?
•
100,000
preferred
new
preferred
new
Percent
Lehman
of
shares
for
snares
be
Otis
Announcement of the
150,000
Inc.
had
XZ
With this
not
only to
f
Wood St. Co.—
/
,
old, wlicse interests include mining, shipping, banking, sugar,
hemp, insurance, etc. ' A major bottlhlg operation in the Islands will
be established shortly and financed by Philippine money.
said.
,
200,000
■...
S. Yantjs St Co.,
98,500
exchange
of
of
of, the - most, significant
radio-relay
.v;
100,000
—
Hat tier
he
modern
FM
Sanford '
F.
the
of
in
to
,
St Cummins,
Inc.
;
r
100,000
Co
&
z UNDERWRITERS OF. jPREFERRED STOCK—^The nanies of the
eral
T
/;
vou.Uuti
750,000
-400,800
Corp—
.
/years
by this corporation in the devel¬
opment of a microwave radio relay system with which the Western
Union Telegraph Co. proposes to
improve and speed its services' between leading American cities,
Dr.. C. B.
Jolliffe, Vice-President in
Charge; of RCA: Laboratories, ..declared on Oct. 22.
?
>.;,>■. i
^
/
Haroid E.
^.
%
'excess profits tax "credit,
Receive Glo^e/ Forgan Bid--
syndicate
purchase
be. presented
One
in
'
::
&
&
White.
150,000
oi' ctlrry-over of
'j: did Relay%3ystehitl^Will"BeiUsed- in Vast Western Union %
100,000
Wheelock
150,000
________
687,500
$4,527,242
Earns,
Mason,
&
1896.
meeting of the, stockholders will be held
and
/provision
200,000
V
St
ct
•Welsh*
St
Corbett, Inc.
Mason, Moran & Co
V
offer
to
Radio Corp. of
'
t
1,250,000
Co
Wachob-Bender
250,000
Kemp & Co
Loewi & Co.-____i.____;.
687,500
he did not indicate from whom it might come. See also V. 162, p.
,/
___
&
Stokes
Stroud
-oiroiiu
500,0(0
should
Co.——
Walter
*-*"•,
Haupt St Co
200,000
100,000
.
100,008'• ^Thomas
Ira
Hill &
earlier
associates
100,000
HOrner
Stix
Co.,
^
,
St
Inc.
100,000
Green, Ellis & Anderson
•
•
100.000
Scott,
400,000
—
1,177,887
$5,214,742
•
/.^.
Co
Pomeroy,
200.000
of
Foster
"'////'"
v
__
&
SchWabachef
Corp.
First
'
•
h the.
.,,250,000
Schoellkbpf,
"
412,451
100,000
Pierce & Co.,
p.
proper results.
;
100,000
■Reinboldt
250.000
.
/
%
underwriting
an
remarked
Inc. "
•
Field, Richards
1398.
p.
:
____
1.-—V. 162,
agency or organization, in order to obtain
Otherwise, It would call Tor large expenditures by Re^
Rock Bottlers, Inc., in establishing "and providing such organization
and in "employing a greatly increased experienced personnel for such
purposes../
/ " ■' ;'/;;
Red Rock kastein Corp., Was originally entrusted with the protection
Zand development qf Red Rock in the New England States. ,
Red Rock of Canada. Ltd., has been created and has, ample paid-in
capital.
It is eiigaged iii the dcveTopmfeftt Of cahada for Red Rock. -
$4,036,855
$4,500,879
,
$401,428
.
paid
100,000
Rauschcr,
Co.,
________
oj*.*.
,$322,795
k
150,000
Ransoii-Davidson
'500,000
St
—
dividends
Co.—.
100,000
Co.
Dickson
200,000
_
City Securities Corp.—1_
$4,088,428
89,259
Quail & CO—
150,000
$312,169
tax
/>$75,000,000.1^
<
Judge Maris said he felt
•
.
.
1,500,000
Northwest
,
Rock'Bottlers, Iiic.—-;Propo$ed Stock Option—-
'ganized
suit • against Pullman; Inc., and three of its subsidiaries,
th'at the offer could be formally presented.
The offer,
which contemplates payment of the difference between
the value of
the assets and the liabilities of the Pullman Co., will
ccme up
for a hearing 6n Nov; 5, when the Court wfll also consider
:
,500,000
Co.
Pacific
1,250,.000
Bosworth; Chanute,
i.'-Loughridge & Co.
&
.
/ands, and South and Central America, it is necessary that such areas
I -be properly organized ;ih order to" promote the sale of such products
there.
In such undeveloped "territories, in" keeping with your .manage-
29,414
2,381,478
/
anti-trust
,
100,000
Newton & Co.
M.
duties Nov.
new
/[rti'ent's policy, it becomes necessary
Park-Shauglmessy St Co.
Patterson. Copeland &
Kendall, Inc.
Bear, Stearns & Co.—_ 1,500,d00
Bioren St Co,-—, 100,000
Blair & Co.,
.
E.
100,000
.
.
.
to Red Rock Eastern C6rp.-, or,.to disapprove and reject the,same.
The-management advisbs that, while this corporation controls the
of Red Rock" Cola and■ beverages in Canada, the. Philippine Is-
f so
500,000
Co.
Hano
St
$6,447,747
122,842
2,293,532
.
V. -Harfc, who rer
Secretary ,of the company for 25 years and Treas¬
'
•
/
tV
•
• .v
tion
;The s U„, S., District: Court at Philadelphia', Pa/ oh Oct. "19 agreed
to consider the offer made by Glore, Forgan & Co., Chicago invest¬
ment banking firm, on Oct.
13 to purchase all the capital stock of
•.Pullman/Co,c./^ .--.v-:- -i .
/ ; % «
Circuit Judge. .Albert B. Maris allowed the Chicago firm,, .which
200,000
Securities
years.
'sale
f
150,000
Mullaney, Ross St Co.__
Newburger
$6,504,802'
$3,813,379
162,
heads
Nashville
Co.,
193,258
WH^ab;tpb.^CoUrt 16
.
Moreland
his
Red
<
100,000:
Co._
St
Bond
Jack M. Bass; <&; Co./—-.
.
&
Secretary and Treasurer, succeeding J.
for seven
Undertaken
100,0p0
Moslt
.198,350
^Rfesultihg f rbm 'refinancirig
—V.
&
208,000
The
'
'
Co.
Bleichroe-
der, Inc
Atkinson,
Metropolitan St. Louis
3,407
Balance
.
$100,COO
_
13,217,647.
on Nov, 20., i$45,
.following proposals:
(1) To approve, ratify and confirm., a proposed agreement between
y the -cofporatiort and Red* Rock /Eastern, Corp. under; which,;, ill consideraytion of certain valuable services to be rendered, by the latterto Bed
Roek Bottlers, .inc.; 'an optiori to purchase 100,000 shares of the cOm,mon stock of Red Rock Bottlers, Inc., Within, three, four or five years
from the effective date of such proposed option; as defined .therein, at
$14, $15 or $16 per share, respectively, will be granted by the corpora¬
'
r'!
Co.
&
inc.
Balance
preference
un¬
Hutchinson
McMaster
.$4,950,000
AlliSon-WilJiams
;
several*
$508,834
29,986,675
Secretary and Treasurer-—
?
s
khbads, Assistant" Secretary arid Assistant Treasurer, has
A special,
'
and the principal amounts of such
Co.,
Inc.
i
the
.
Mr. Rhoads,/who.w&s 'assistant to the President for nine years ana
appointed Assistant Secretary and Assistant.Treasurer Sept. 1, a'sj-'
,
special
^
agreed to be purchased by them, respectively, are as follows: '
Halsey, Stuart
""'
of
names
10,710,440
income_„
to consider aiid act. upon, the
4,787
and. amortiz;/^
Co., as and when ordered and approved
by the SEC.
No author¬
ization cr approval of the
Commission has been applied for.
'.UNDERWRITERS
75,587.976
28,174,837
15,3.05,649
87,163,102
,26.990.223
io,483,581
elected
sumes
at $16% a share.
share. • Thfe offer¬
a
$525,932
revenues—-
Balance before
.
Oklahoma.
Oklahoma
of
oper.
Prior
Legislature of the State of Oklahoma authorized the
by the company of all shares of the capital stock, and all
water
307,715
258,076
^Reduc. of Fed.
<
the
acquisition
•
134,212
taxes—
$322,795
or
service
150!l09
income
Interest j
;v
all of whose capital stock is owned
the acquisition of all or a part of the properties of Oklahoma
& Wafcer Co* as
may be approved by the SEC.
The properties
..of Oklahoma Power & Water Co. consist of electric,
gas and water
utility
properties
used
to
supply at
retail
electric,
gas
or
water
Corp.,
86,502,786
.
.
Co.,
an
ailillated
by The Middle West
•company,
3,653,818
2,269,891
..
1943
was
$2,199,022 $27,921,205 $26,068,253
0O'<t 1 nc
1 n oon >?on
m ,nn enn
894,106
10,830.789
10,322,699
142,809
1,779,219
1,743,532
125,49$
1,627,002
1,549,132
283,872
4,159,424
3,098,122
243,903
3,019,969
2,907,021
961,966
Other inc. deducts.:—net
••
Water
St
v
-
•
ACQUISITION OF OKLAHOMA POWER & WATER CO.—
Company hag had under consideration the possible acquisition by it of
of
Sold—Blytft
,
$2,338,010
—_
i'-. :•
.
.Other; taxes
•V. PROPOSED
stock
Federal
f
a small amount of oil in Cotton County, Okla.
orders of the SEC in the
integration proceeding tlie com¬
pany is not permitted to retain 'either Peoples Ice Co. or Pittsburg
.County Ry. .
f^■
.
%
capital
<
^Depreciation
pro¬
duces natural gas and
Under the
the
,
1942 %
$9,053,120
.3,843,155
1,019,569
.
railway__:^^
84,333,018
railways
Z... 22,050,975
oper.
A;ires after serving as
.
revenues
Dnprniinn
fOperotion
^Maintenance';
com¬
which
37% cents
was
oversubscribed.;...
was
Operating
passenger
nearby
Corp.,
$9,716,571
2,547,175
987,085
,
...
securities of three subsidiary
manufacture's ice and sells it; at
which
1944
$9,34.7,133
,
iVilliam
been
V* •, - - EARNINGS, OF COMPANY AND SUBSIDIARIES
,pVriod Epdi' Aufe." 3^-~'; •: f 194&—Month-/-l944 • ,i945—12 Mos.—1944>
"r-v.^K?'y-r.'
'
outstanding
Co.,
from
New
; >
Oct. 22 offered, after the close ofc tfre
a block of 18,676
on
as a secondary distribution
of common stock/ (par $10)
-of
'
1945
1,850,225
1,096,596
-
.
ended
192,584,000 kwh.
with
if: Puget Sound Power. & Light Co.—-Shares
SEC
cents,
$8,178,574
/
railway_^^^
railway/,
ry.
oper. income.^
From Jan'. 1—:
urer
company supplied natural gas to 23,462 cus¬
and unincorporated communities arid witter
in
from
from
Net ry.
operating companies served by. this, corpora¬
Oct, 20,. 1945, totaled 174,828,000 kwh., as
foy the corresponding week last year,
decrease of 9.2% .—V.-162, p.
1896.;
^
.
L
'
a
towns
customers
to, 20
Reading; CO.—Earnings-^-
Net
Presidency and was named
y':'-/
.
Utility Enslhecrihg & Service Corp.—Output—-
Electric output
:
tion
compared
unincorporated communities and in adjacent rural areas, apd,•
wholesale, to eight municipalities, five rural electric cooperatives,
two pon-alfMated public utilities and two affiliated
public utilities.
to
the San Francisco-Shanghai ;rate
radiotelegraph communication with China.—V. 162, p. 1896.
September—-
Gross
.Net
:
at
At
and
,
and
tomers
cents,
*Gross ;from
At July. 31, 1945, the company supplied
131,782 customers, in 218 Pities, towns
to
24
The> Shanghaf circuit was* opened by RCA in December, 1930, End
fn
operation" until December, 1941,' when war Interrupted
(.
.
electric
this corporation resumed radiotelegraph seiwice
substantial reduction in message rates, Thompson
'continued
Mr* McCarter asked to
Chairman.—V. 162, p.
.
For the 12 months ended July 31, >945, the company derived ;
approximately 90.16%
of its total operating revenues of $14,484,040 .;
from the sale of
electricity, 9.66% irom the sale of natural gas and
the sale of water.
r■.
J"Jet
"f
irom
and
M
.
Com¬
pany is also engaged in producing, purchasing,, distributing and selling
natural gas and in
distributing and selling water.
0.18%
boards
Thomas
HISTORY—Company; fs
generating,
gelling y.vctric
presentation
upon
1396.
;
George H. Blake, President, announced that the boards have dis¬
continued
the
office, of
Chairman, a post created in 1939 when
111,167 shs;'
.140,000 shs.
time
any
to
commercial
,
stock
at
p.
a
,
.
will'be made
bonds.—V. 162,
23,
Mitchell^ Vice-president End General Manager,. announced.
;
iUnder the revised tariiff, Colonel Mitchell" said, the prewar rate
of. 74 cents a. word between New Ybrk and "Shanghai has been reduced
redemption
1945)
Oct.
Shanghai with
Public Setyice Electric & Gas Cb.—Official,Resigns—.
I
.
.
Common
24,
So.
full
the
Effebt'ive
to
H.
LaSalie Street, Chicago; 111, •>
price (including accrued interest
20b
trustee,
.
surrender of said
PRESENT* FINANCING,/.; /
v..:.//' '
^
V ^"Authorized
Outstanding •
jPirst mtge. honds, series A; 2% 7c '* ,due
r-,
>
k
i
?• I July 1, 19751_™1_W—$35,000,000 .$22,500,000' •
4% pfd. -stock tcumul..), par1 $100,*
;•
203,500 shs,, .'
98,500 shs.
,
Nov.
to
i'-Jj.
'
.-/
Lo..
Payment ,of
w...
the
of
RCA Communications, Inc.—Restores Radiotelegraph
Service to Shanghai at Reduced Rates—
~
»
»•
The, copipany has called for redemption on Nov, 24, next, all of thfe
outstanding first mortgage 3 % '%>; bonds, series A,, due Feb. 1, 1971, at
jt06Va. and interest, and.all of the outstanding Southwestern Light &
Power Co;, first mortgage 3% %>
bonds, series A, due Dec. i, 1969, at
104% and interest.
Payment will be made.at the City National Bank &
"et Procee<^. exclusive of accrued dividends, to be received by
i*.
the
2023
,
communication, have
been
concerning
the
short time, it is
to /permit. the- transmission
of
messages
navigation, routing or operation of ships,
lyithin a
expected' that private and personal messages again will be moving
to and from ships as in prewar days;—V. 162, p. 1896.
'
T
Seaboard fey.—"When Issued" Dealing—
committee of the Seaboard Air Line Ry.. has
to the New. York Stock Exchange for listing, on.ja*,"when
basis, the new securities of the Seaboard Railway Co., Receiver¬
ship proceedings for this system have entered their final stages and
expectations are that the plan of reorganization for the road will be
consummated early next'year.
The hew bonds and stqeks currently
are being traded "when issued" In the over-the-counter market.'
The.
applied
issued"
reorganization
Shamrock Oil & Gas Corp
Savannah Electric & Power Co.—Earnings—
$407,819
207,232
27,495
32,626
'25,966
6,200
Maintenance,
General taxes,
Fed. normal and surtax
Fed.
accruals and
res.
of
amort,
$5,243,642
241,509
47,105
—————
$5,718,344
317,120
45,355
royalties—
other
income-
income
Other
costs
Other
$5,532,257
3,875,176
and
operating
taxes
203,825
___
Income
on
Net
income 1——
deductions
profit
Common
$62,380
$32,224
rW4 AO
1*1,211
from
operations
-
__—
--Period End. Sept. 30—
Ry.
Dividends
stock.
—V.
stocks
stock
Common
Net
—
:
ii
■-
>
Distillers
Schenley
Research Vice-
Named
Corp.
-Presidents^:
'■
board
has fixed
of directors
1945,
15,
6 Months Ended
Net
of
Cost
162, p.
income,
■.
Fed.
,
Federal
for
Provision
for
income
time
war
income
Net
adjust,
—'
conting.—
♦After
provision
for
depreciation
1945 and $304,500
BALANCE
.
$2,738,765
r—V.
17,862
1,063,342
203,793
987,054
154,341
21,852
263,131
246,160
$1.23 •>.
$1.75y
in
1944.
-y
J ["/
1
SHEET, JULY: 31,
1945
•'
•?
•
23,200
22,800
277,700
total,
99,790
assets
(net),
$1,050,677;
,
167,709
income.
4
•
.
Yv
$56,899
-'./ YV 49
; ■
$55,046
' *:
7,520
.'$55,411
$666,070
(Joseph E.)
stock
8,360
106,237
105,287
is
^
—Jr.
;
YY
$559,832
$574,162
...
Y'
210,000
210,000
...
-r
317,217
315,550
$48,368
v
...
.
$47,051
.-
declared
payable Nov.
15,
i
.v
t
r
.
The
the
162, p. 1930.
Co.—Expansion
the
to
On
Industries, Inc.—Report—
Sept. 30,
1945 the
net
assets
June^O™ 1945^ri°r St0Ck an<* **19,66 Per share of convertible
At Sept. 30, 1945 company's
and preferred stocks amounted
vision on unrealized
to
9.9%
net
oi
Portable
Years Ended
fhqf bonds
ab(out. 15-1 /'■ and
i
.frnwlL
«nH
mpnt
lorl.sS
accounted
rCn
for
assets
this
before
common
s*fn »e common sf°ck
M8 / ^ 7
and chemlcals
INCOME
(T
tax
Cash
$108,994
963,339
dividends
Taxable
Total
General
sec.
divs.__.W
income
$1,108,620
Y
.
prei.
Sept.
:
cial
8ecuritv
K
oasis,
ta xes'
and
ana
24,768
S
it«
its
;
$825,455
1944
•
583,340
1,443,515
1,420,740
on
'
securities
iY
j
,
•
•
4,988,556
21,782,138
-J
482,302
361,396
3,641,000
3,607,000
1,567,000
10,468.800
5.973 000
2,174,573
225,000
2,250,013
7,190.036
675.000
6,329,176
675,000
'
225,000
.
2,846.949
2,372,458
$0.62
reclassified
ending
Sept.
as
1945,
30,
period.—V. 162, p. 502.
Y| $2,060 Y
and
_
1945—12 Mos.—1944
:y.Y:
Counsel
750,055
163,281
195,244
223,935
1,232,551
338,042
281,865
1,119,418
223,186
295,244
348,075
340,564
learned
78,666
189,666
97,600
147,400
129,066
19%640
265,266
147,400
plan is unfair to $7 and S6 prior preference and $4 preferred stoqk- r
holders, have asked the Court to permit them to Intervene in the
prof,
taxes
taxes
8,266
:
8,933
$383,395
income^..—
$437,283
13,133
9,333
$546,325
:
40
$700,156
40
4,443
Leahy
.
$383,435
.
.
-:
$437,323
Y
158,549
that
233,853
issue
refuse
to
the
Commission
$376,567
the'
Under
<
*.
$224,885
cash
SHEET,
plant,
AUG.
$12,768,527;
hand
on
$269,274
Y.
and
31,
investment
'*
and
demand .deposits,
portfolio
in
increase of
1.7%.—V. 162,
p.
fund, ac-
$1,572,566;
1930.
Southern Ry.—Seeks Bids on Equipment—
Southern
box
Railway
cars,
E.
System
E.
Norris,
is inviting
President,
bids on 1,000 fifty-ton
said. Of the equipment
order,
Mr.
Norris said delivery of six 4,000 horsepower
passenger
diesel locomotives is expected in December.
Delivery of
six
6,000 horsepower freight road diesel locomotives and 14 1,000
horsepower diesel switching engines is looked for after the first of
now
the
year.
.
-
•
;
/Y
may
securities
each
for
be amended
Wk':*
with
$1,000
*
■.•
Y.,
N.
to
either
or
return
in yiew of "changed
.vV'-a*.1-t.-..
debenture. holders woqld
aggregate value of $695.05 and
note -and
.
an
note or debenture.;-
-
,
month
ago
the Third Circuit Court of Appeals in Philadelphia
overruled Judge Leahy and ordered him to proceed in line with its
findings.
'
•4
'
1r
During the months that have passed since the SEC sanctioned the
terms and provisions of the program the petitioners claim the port¬
folio
securities proposed
to be distributed
to note and debenture
holders have increased materially in value.
In fact, the petitioners
aver
the note and debenture holders would receive a windfall of from
A
:
.
"
$16,000,000 at the expense of Standard's $7 and
preferred stockholders.—V. 162. p. 1400.
to
$12,000,000
prior preference and $4
Standard Oil Co. of
company
175-mile
has
California—To Build New Line^—
awarded
18-inch oil
S6
j
initial construction contract for a
to supply its refining operations on
Calif.
The line will cost $3,000,000.
be undertaken in California in recent
an
pipeline
Francisco Bay at Richmond,
San
is
It
the
oil line
largest
to
and is expected to be started in December and completed next
■ YV '
it
will
permit reconversion of the big Stanpac line in the San
Joaquin Valley from oil to natural gas for which it originally was
built.
The Stanpac line is owned jointly by Pacific Gas & Electric
ypars
April.
and Standard Oil through affiliates.
Co.
estimate
The
on
1
cash
Vernon,
Judge Paul Leahy of Wilmington refused t« issue an order
enforcing the plan on the ground that the holders of Standard's notes
and
debentures
should have. their claims. satisfied entirely in cash.
'
output
an
it
.-y/.f.-.
|_
,
,
Mount
Judge Leahy
SEC-approved plan
the
enforcing
so
"
'
of
the
maintain
Johnson—urged
Jean
plan, .Standard's
$304.95
new
sponding week last year,
'
Johnson
who
Federal
'
1945
■
stockholders
preferred
of
order
an
circumstances "
Y ; 324,490
;
and
Johnston
P.
A.
$701,058
$550,768
group
a
proceeding.
' ''"
The
petitioners—Christian A.
901
$316,915
5
168,049
.
at
.
Weekly Output—
The
yI
191,377
231,041
taxes..
$67,423;
automobile
']!
;
Wilmington, Del.
a decree
which, if signed by t|he
Court, would enforce and carry out company's plan of reorganization.
«
On Nov. 2, the SEC announced, Judge Leahy will hold a hearing to
determine whether the decree should be signed.
Meanwhile, it was
Paul
of this company for the week ended Oct. 20, 1945,
totaled 2,058,000 kwh., as. compared with 2,024,000 kwh. for the corre¬
•
/'■
:
18 with U. S. District Court Judge
the SEC filed Oct.
for
nine
$3,029,943
deductions
Electric
the
-
,
Standard Gas & Electric Co.-—Dedree Filed—
LIABILITIES—Capital stock (447,160 shares no par), $2,277,500;
long-term debt, $6,452,118; serial notes—current maturities, $120,000;
accounts payable, $25,251; customers' deposits, $108,999; accrued salaries and wages, $13,914;
accrued taxes, $714,500; accrued municipal
franchise
requirements, $24,078; accrued interest, $81,134; deferred
credits, $15,8605 total reserves, $4,970,590; capital surplus, $196,180;
earned surplus, $346,978; total, $15,347,202.
WY/W..v.
v
'Z
for
$6 085,000
;
$3,154,326
ASSETS—Total utility
,;
$2,787
with 1945. $1,984,000 of this
"selling expense" for the three
basis
accounting
have been
period
months'
-
790.819
$0.64
$2,023,733
income
.
944,534
16,270,571
49,984
>
943,983
com.
comparable
months'
'
Co;~r-Earnings-
15,326,037
,1,171.513
1,197,000
I
1,215,000
share.
a
This
,
$31^.
20,610.625
J4
247,682
dividends
per
amount would
.
;
.
mm.
r
4,618,544
370,012
385,132
28,814.J63 Y 22 931,463
dividends.™.
Common
•On
-
non,
thP
hv
a
.••
7,873,941
5,765,563
taxes
income.™
Earns,
Def$27,869
/.vv-Y w ;
9,556,987.
charges:.
Preferred
'■>
temporary cash investments—U. S. Treasury/notes, $440,000; customers*
receivables (less reserve of $25,274), $171,465; material and supplies,
and merchandise
(at average cost ), $197,798;' accounts receivable—
other,
$1,635;
unbilled
electricity, $53,000; prepayments—'unexpired
insur. premium, $41,499; deferred charges, $33,291; total, $15,347,202.
S^f SeStlS:
investments in
suin ai'?'
•
1,161,065
1
695,662
1945—8 MOS.—1944
income
counts,
1,007,069
BALANCE SHEET, SEPT,'
30, 1945
4^KT^Zhh1Jnr bank3> «?°8 396;
receivable for securities sold
Y
;
71,236
$877,711
.
profits .tax.--——-;2,438,000
Net
$3,249,598
■>;^V4;j •: | * +
*;■
for Federal excess
Prov.
•
/1945—^9 Mos.—1944
•45,568,151 144,261,792* 132,475,443
6,150,695
Prov. for Fed. inc.
,
•
$2,096,625
—
BALANCE
133.606
1,005,695
prooortionatelv
Income
j
•
64,132,980. 58,060,636 193 686,580 170,732,943
operations
receive
■
24,690
Service Corp. is operated
are shared
relaK
1945
$13,133
Gross income
Net
.
57,894
,
jfc'•
186,784
income
oper.
Income
67,528
>
-
«.
income
Gross
•
1,219,324
v
827,427
income
Net
Other
.
0f exPenses ^ Union Service Corp.
\&ntd adn»inistration staff, rent,
|pec al ^vestigations, insurance, so-
panto aenrlced by it on JU, basis o!
the
-
*
26", 048
118,530
-
' 7 ♦
,:Y; -W-7
revenues
excess
State
,
$1,207,975 Y
54,179 '
994,352
•
$137,819
67,865
$lTi'936
4Ub<fJ5,
Fed.
;
;
$1,090,719
994,147
ivnpn^c
expenses
Federal
1,044,108
50,997
17,917
v
:
»SUb6i^arie&Ypperitingrlh the jtlnited '.States)/*•/ y |
general expenses.™,.;
-
it. td
$141,562
924,389
103,517
22,038
majority
$3,559,312
(other than inc.),
Taxes
•
y
?
v
7
Sepffci 30r- 17 l94Sh—3 $lo8Y»-1944
Income credits———*
a
1
•'
,
Earhing»-7I777 w ■;
expense..
Maintenance.
re-
1942
j:-
stockholders have the
four shares of common
/
preferred for
; Cost of goods . sold-—-. 48,810,430.
Sell.;- adv;, adtnin. and. i, >
equip-
..
^•/ y
preferred
..5.
sales_____™__™
Net
sell their stock
approximately
;
30—
maintenance
and
Period End. Aug. 31—
30
1943
68,814
103.499
for^IrieTof CthPP<intpf(mS
s^plS teleDhonc
mcfit
prcin
building,
$1,123,302
•
C(£;i Ltd.-
162, P. 1520.
The
73.4%.
25,392
49,959
;
for
-
t
pre-
assets,
$113,815
984,095
;
70,154
exps.
SmedivT-—
dlvs,.._—
rnor
■prior
about
1944
i u
to
York
4
earnings
Operating
Operation
Bank
-Y
drawn by lot by Chemical
be
",;r
°' com'Ia°les '» '"e oil Industry
36,226
,
expenses
•Invest. & admin,
Interest
TaxeS
stocks
gross
fe»oss assets,
:
agreed
New
173.
Southern Colorado Power
pro¬
the quarterly
of
ACCOUNT, NINE MONTHS ENDED SEPT.
income
had
Corp. "of
Balance /surplus
.^
group were represented by public
" ti,"0
1945
Interest
7.9%
that
announced
corporation
•
included in
about
20
r
'
Products
Depreciation
?nalys^ ?futh® sccnrlty portfolio
Oct.
on
.In terest,..dividends,'depreciation..^_^fc.-.i_t.i^'
3tock at
.
J
w
;
7—V.
will
redeemed
^
(Including
Pejdod End;
^
"
holdings of cash and good grade bonds
appreciation.
President
Brown,
Y Taxes
of
1945,
29,
directors on, Oct. 24 declared^ ait, extra dividend of 20 cents per
a
qua?tprly diyidend of 40 cents per share on. the common
'
V
Control to Change—
Southern Canadi Power
.
Oct.
business:on
CONSOLIDATED/^INCOME;4-ANDrEARNED. SURPLUS- ACCOUNT
.
company before deducting bank
loans, were $41,777,059, as compared with $34,434,562 at Sept. 30 1944
and $39,342,718 on June
30, 1945. The net assets at Sept. 30, 1945 were'
equivalent to $144.71 per share of prior 3tock and $25.39
per share of
convertible stock, as compared with $114.25
per share of prior stock
and $8.09 per share of convertible stock at
Sept. 30, 1944, and $134.61
.
C.
Operating
of
and
i
*
Y
be
to
r'(iuring l944.-
planned^Large Orders
,
$1,000,000 4n cash.—V. 157, p.
"
close
stock,, no par value, -bothvpayable Dep. .15 to. holders of record Nov. 15.
distribution of 30 cents each were raadtr on March 15,
June 15 and Sept. 15, last, as compared with 25 cents in each quarter
received orders totaling $6,191,471 since
$1,000,000 are orders
for stainless
steel exhaust
stockholders of
the
of
the
at
on
Profit from
Willis
taken
preferred stock for the purpose of drawing by lot
stock for redemption on Dec. 3, 1945, at $50
'Quarterly
_
aircraft and the remiiindfer are reported to
be
chiefly for heat-resistant stainless, steel pbrts for jet propulsion
engines.—V. 162, p. 717.
Gross
Selected
preferred stock,
on Oct. 29,
the
said
exchange one share of
to
share
Day.
Over
systems for commercial
-
be
said
of
shares
TJie
"
w'v "j".'.' '»
.
company -had
V-J
Trust
diyidend of $1.25 per share.—V.
for
S tan dard.Bran ds;'Incr^Larger;Distribution-—
company
stated
,
An< extra
extra
.
books
transfer
the
To Redeem 3,000
—
,
"«twkWpvtq^he^dateWf tedemption.r^W63,'p.Y 1520^7.Y
will; begin installation of the firsts stainless steel
foundry in southern California within a few days,: Edmund T. Price,
President, announces.
The foundry will occupy 10,500 square feet in
the company's San Diego plant, he said.
At the same time, Mr. Price
of
an
that
.
share
right
Milton, Chairman of the board of companies of the Equity
a director.^-V. 162, p. 1029.
Solar Aircraft
Co., New York, N. Y., announces that it
prepared to> issue definitive 20-year 3V*%
debentures,
due
1>
1965, -in •• exchange
for outstanding temporary
debentures.
162, p, 501.
•
-
Dec. 11
Bros.. Inc.
vis'Trust Co.; transfer agent;: r w
After
the
notice of redemption,
record Nov. 1,
to holders of
1945
.
The
140.
dividend of 25 cents per share and a
quarterly dividend
25 cents per share have been declared on the common
stock,- both
payable Dec; 10 to holders of record Nov. 10.
These dividends are
payable on the stock resulting from the recent four-for-one split-up
prior to which quarterly payments of 75 cents each were made.
;
In- 1944 the company paid 75 cents
per share each quarter, and on
.
'
Y
Oklahoma, above.—V. 160. p. 2654.
plus accrued dividend of 21c per share, or a total of
share, c Notices with respect to such redemption call wijl
Nov.
2, 1945 to those holders of the preferred stock
Whose certificates have been drawn for redemption.*' '*
~ W Y *
declaredregularquarterlydivldends of.;
/Group, has been elected
-
of
shares
per
mailed
share on the 5%
cumulative preferred stock and
share on the common stock, both " payable Dec.
1 to
record Nov, 17, 1945.
A 5%
stock. dividend on common
Southern Aircraft Corp.
(
of
$50.21
,
J
listing ;j;-qf
1985.—V. 162,
the
authorized
due
Oct.
1,
per
of
,
on,Oct.l8
will
record
per
aY be
1326.
David M.
other
Sears, Roebuck & Co;—rExtra Dividend of 25 Cents—
»
Co^fListing of Bonds—r
has
debentures,
Spalding &
announced
holders
3.000
,
now
May
162, p. 609.?:
value $50, will be closed from the-close of business
until the opening of business on Nov. 3, 1945.
A
of
per
was
1945.
.
Seagrams & Sons, Inc.—Definitive Debs.
The Manufacturers
•
Service Co.
G.)
is
It
par
$679,449
8,580
_
dividends
cents
holders
.
LIABILITIES—Accounts payable, $274-,067; reserve for retroactive
adjustment, $35,000; accrued liabilities, 6368,277;
reserve
for
adjustments and. other contingencies, $500,000; capital stock ;
.($1 *par), $145,000; paid-in surplus, $84,016; earned surplus,
$2,652,-"
162, p.
Exchar.g
23/i%
40-year
Public
(A.
$671,126
8,322
$658,549
365
■:
;•
$56,948
-
—_
dividends
cents
wage
total, $4,059,247.—V.
Stock
York
New
See
152,580
172,458
The .directors
..
15
and
$4,059,247.
•
261,449
15,340
14,031
162, p.
62»/2
S.
4;
'
;
Southwestern Light & Power Co.—Bonds Called—
.
Signode Steel Strapping Co.- -To Pay 5% Stock Dividend—New Director Elected--^
$178,756 '
.
in Personnel—
announces
Willis L. Lea,
$2,640,421
93,745
15,140
Net income
Wartime
887;
40,291,707
1930.
p.
1945—12 Mos.—1944
$240,679
surtax
deductions
Preferred
$46,769 and amortization
of
tlncluding $160,000 for excess
of
(net)
inventories .(est.)$1,660,000;.- fixed
;
37,874.553
that W. Scott Hughes has been
Jr., has been appointed Genr
formerly General. Attorney, for the past
Zachry, President,
Vice-President and
$75,000,000
14,122
oper.
7 Common
in banks, $409,353;accounts receivable,
»$639,232;. postwar excess profit tax refund due Jan. 1^ 1946, $241,500;
assets, $58,48$;
3,330,555
Southwestern Belt Telephone
,M,
accruals.
and
Gross income
6
/
*.
ASSETS—Cash on hand
»
640,956
7 3,758,998
,
Attorney.
Mr. Hughes,
thre^'jears has been- a Major ip the Afmy-Air Corpi^ltl
75,000
$253,372'
-
'
'$78,000 in 1945 and $151,798 in 1944.
profits taxes in
income;
eral
three
profits tax_
reserve
Utility
v?
•,; •; 414,000
.
-i————.
Net .'income'-per
•
oper.
18,630,795
34,440
■
1945,
$667,756
310,000
and
for each
company
17,609
23,400
.'Other income—net
"
•
47,169
Crl52,686
re¬
.
•
2,069,254
Shares of Preferred Stock—
,Url,321
.
$563,372 "
taxes
Realty would
H.
C.
elected
$669,077
,4,745
^
new
:
•■'Y-'w',
\
-
249,785
;.;;,198,257
—-J i-
•
Co.—Earnings^
-
-
normal
excess
Retir.
.'
tProvision
(net)_
(net)—
rents
ry.
Cr78,269
10,
11,061,293
57.923,236
982,369
9,470,763
10,943
2.270.604
taxes
Southern Union Gas Co.—Changes
;
$238,480
88,107
5,745,207
$558,628
Net "Income-'
the
1400.
taxes
Income
<
in
V1945—Month—1944
™
'
Other.
stock
common
revenues
Maintenance
$6,664,069
4,833,187^
—
of
Period End. Aug. 31—
;
—
Split-Up—
on
Shareholders of U. S.
company.
Operation
-
'Operating profit
:
^Net
•
476,571
^Before provision for interest charges on outstanding debt, or other
nonoperating income items.—V. 162, p. 1930.
a
Sierra Pacific Power
.Fed.
i.yjf
$5,590,072
division assets)--———
goods sold (est.)——
and administrative expenses™
Selling
'
facil.
-
--
-
Cr2,105,461
Y
-
;
1944
to purchaser
heating
of
"
646,560
city.
and
Equipment rents
Jt.
-
year,
596,913
•
taxes-i
taxes—-.
The
'
1945
sales of inventory
(incl,
sales
taxes—
■
Miscellaneous
called
on
held.—V.
now
Operating
.
July 31—
vote
share
'General
'
have
to
Sheraton
one
shares
,f
•
Schwitzer-Cummins Co.—Earnings—
7,
the
ceive
be held on Dec.
,
directors
Nov.
with
'
v
due within one
expenses, $117,286
county
taxes
Federal
a
special
meeting of the stockholders
split-up of the capital stock at the rate
of 2.2 shares for each share held.
This action is a preliminary step
to the projected merger of United States
Realty & .Improvement Co.
the record date
as
will
which
of
meeting
annual
the
The
for
Stockholders Fixed—
Nov.
stockholders,
13 in Wilmington, Del.—V. 162, p. 1930.
for
bank,
Sheraton Corp.—To Vote
Record Date for Meeting of
The
473,057,107
310,734,182
'
appointed Vice-President in charge
of research, it was announced on Oct. 25 by Lester E. Jacobi, Presi¬
dent.
Dr.
Williams will assume immediately the
responsibility for
coordinating and directing all of the scientific research and develop¬
ment .activities of the parent company, its subsidiaries and affiliates.
He isa member of .the board of directors of U, S. Industrial Alcohol
Company. Y".
Dr, A. J. Liebmann,
who during recent years has dedicated
his
efforts to antibiotic research,
will hereafter devote all of his time
to fundamental research within the new organization.
.■;/
E. Clifford Williams has been
Dr.
$
•
17,841,392 138,011,198 162,322,925
630,381
5,777,213
5,666 4
682,894
6,255,838
4,983 292
op.
ry.
ins.
retirement
State,
>'■
$80,000;
accounts payable, $402,783;
accrued
other current
liabilities (contra), $858,520; notes payable to bank, not due within
one year,
$320,000; capital stock (par $1), $1,345,570; capital surplus,
$796,512; earned surplus, $5,464,014; total, $9,384,687.—V. 162, p. 52.
payable to
from
rev.
Unemploy.
BALANCE SHEET, AUG.' 3l, 1945
LIABILITIES—Notes
162, p. 1930.
expenses—
S
52,379,023 462,729,102
34,537,631 324,717,904
$857,750
"" $0.61
ASSETS—Cash, $319,785; notes and acctfu^fci receivable, net, $483,accrued
interest,
$3,391;
inventories, $675,895;
current assets
reserved
(contra), $858,520; investments and other assets, $338,509;
property,
plant and equipment
(net), $6,257,230; deferred charges,
$409,391; organization expense, $38,225; total, $9,384,687.
, {
-
-Net Income
Debenture
oper.
li>*4
JU/*o—a
$
46,030,602
41,047,310
revenues
1,345,570
$0.64
C
741;
6%npreferred
oper.
System
1945—Month—i**-*
$
Fed.
'.;gV
$31,012
$825,601
1,345,570
——
outstanding—
share—_-.__...„_..
per
«
272,421,679
6,811,536 259,866.090
1930.
p.
Southern Pacific Co.—Transportation
632,704
—
shares
Earned
$
5,096,908
earnings
162,
Ry.
(est.)-
1945
$
256,782
expenses
™.
Gross
—V.
$6,080,821
4,333,584
Y627,655
.
charges
1944
S
1944
43,658
Utility oper. income-'
Other Income—net
Gross
rTotal
over
excess
revenue
gas
Federal
4
Income
308,168
;
orig. cost of util. pit.
:
355,899
;r
27,478
and
Miscellaneous
1945
1945
14
1944
Jan. 1 to Oct.
Week End. Oct. 14
Period—
:';Y;Y>Y/Y;Y: '
Earnings—
Ended Aug. 31—
Operating
Oil
61,900
profits tax.
excess
Retir.
$4,982,062
2,318,740
265,727
330,040
$5,028,328
2,475,745
$418,235
205,243
Operating revenues
Operation,
Months
9
1945—12 MOB.—1944
V1945—Month—1944
Period End. Aug. 31—
1945
Monday, October 29,
THE COMMERCIAL & FINANCIAL CHRONICLE
tract
line
with
as
well
waukee and
.
*
of
Betchtel
.
'
;
^
$1,002,240 construction con¬
lowest of six bidders on the
by A. O. Smith Corp. ot Mil¬
$3,000,000 covers a
Bros., McCone Co.,
as
pipe to be supplied
rights of way plus other equipment.—V. 162,
(Continued
on
page
2062)
p. 883.
-
Volume
Number
162
THE COMMERCIAL
4433
Stock and Bond Sales
WEEKLY
-
delivery mimm are disregarded in the day* range,
week.
furnish
we
account
Figures after decimal point represent
32d of
one or more
point.
a
Exchange
is taken
of
snch
sates
in
oompatiug
cne
for
range
the
year
the New YorkStock Exchange
on
daily record of the transactions in Treasury and Home Owners' Loan coupon bonds
a
2025
YEARLY
-
unless they are the only transactions ot the day. No
g | United States Government Securities
Below
CHRONICLE
New York Stock
«»
DAILY
NOTICE—cash ana aeierroa
& FINANCIAL
the New York Stock Exchange
on
during the current
•'
<
Oct, 20
Dally Record of V. S. Bond Prleea
E
,
Oct. 2»
Oct. 24
Oct. 23
Oct. 25
4Ms. 1947-82
:
t
f High
Daily Beeord of C. $. Bond Prices
106.28
A Low
Treasury
Oct. 26
106.28
iClose
■>
Treasnry
2MB. 1966-71-
106.28
5,:
Total sales In
4^
•
Total sale# in $1,000 units.
2
{Close
,*■.
1Mb, 1952-55
[Close
tl-A i
•
■
.
-.i*-
■
'
—
,
.
,
sales
L—
101.2
r
sales
in
1
.
{
'i
,y—w
-
i:
—AAA
---
.
i-
1956-59
8
in
$1,000
105.22
21
i.'
104.12
104.12
units
*$1M
100.28
100.28
100.28
100.28
100.28
100.28
Total sales
2s,
•
In
$1,000 units—
3
*
[Close
Total sales In $1,000 units
""[High
_■{
8
—
i Hign
—/ Low
,1847—.'——.i
I Close
£;f{Utos$vXxii*iS>*
I Hign
102.3
■{ Low
102.3
v[Close
102.3
2s, March 1948-50-——
LOW
[Close
Total
sales
In
[CldS?
$1,000 units
2
7:7
[Hign
] Low
Ss.
Dec.
r
1948-50
Hign
\
Low >
[close
'
Total sales In $1,000 units.—-
Total sales In $1,000 units
(Hign
riign
{ Low
[Close
^
\ Low
[Close
ims. 1960-65
2s, June,
>
sales In $1,000 units
Total
\ '<
{High
sales
t
1
1949-1951
in
$1,000 units
4.
'
'
2s, Sept.; 1949-1951
TJU>w
.
[High
.
-f
[Close
Total sales In $1,000
units
—
f Hifltb
;
i I**
1948
2s, Dec.,
1949-1951,
I Close
'■
Total sales In $1,000 units
Total
{High
to*
>y, I close
i
v
~ '
■
■
sales in $1,000
106.6
„■
;
106.6
l
Total tales to $1,000 units,
2s,
March,
f Hign
] Low
[Close
;
■
units
106.6
«%B 1949-S3»»—
t
Low
[Close
:
sales In $1,000 units
v"' *
'•
104.12
Low
sales
Close
f High
Low
'*
■
Low
2M«< 1959-62^^——i.——Low
I
-
105.22
,
.Close
Total
Total sales in $1,000 units—---
/
■
:
S.-
Low
•
<•
Low
High
2MB
113.22
Total sales In $1,000 units
2%S,
•
->'■
.—■
[Close
Total
i-
-J-*
.
High
2%s, 1948-51.
1948...,
105.22
$1,000 units
,
Total
■
A
High
\
•—I,
113.22
113.22
(Close
Total sales in $1,000 units—
»%>,
100.27
12
:•••'
.Close
1 Lo*
•
V
is
..S
L—
$1,000 units
,
{High
-
100.27
High
—I.
in
IMS, 1954-50
Total
Total sales In $1,000 units
■-•■tV. f-$
100.29
■*,
ioi
.Close
Total
Low
IMS. 1958-63
l
101.2
•
101
[Close
\
Close
2MB. 1956-59
101.21
.
-(High
.
:
(High
3%S. 1951-54
___
Ms, 1951-53——Low
Total sales In $1,00C units—
'
v
Low»"
,
$%e. 1955-60
101.21
•,
;
"
■
Total sales In $1,000 units
101
■
...
■
$1,000 units—
'
l<
!
5
J1—."
'
Total sales In $1,000 units
M8-M.il'r.-.;-....... .M.,A
3S, 1946-
: ioi.21
101.23
11
■
Oct. 26
:
___
101,23
■
'•; 101
.
I High
••
f*
*
V
'
—■L
7.'■•.[closed
•
,1
:
Low
Total sales In $1,000 units—
Jtf.A
•
.
Total sales In
| High
1949-52ii*^i
i>
'• ••'
>•>'.
2.Ms, Sept., -1967-72-
v;.-
Low
J
101.23
-
Oct. 25
101.23
101.23
:
'
-
;
y '■
■'■'M'.-A
/ Low
Total sales In $1,000 units
High
Close
1 Me,
••
•.*'
•V,.Total sales in SI,000 units—.
1%». 1946-49
[High.;;
2Ms, June 1967-72-—
Close
■
101.25
1
Oct. 21
101.24
•
'
Low
3'As, 1946-56
Oct. 23
101.25
v
$1,000 units
High
Oct. 22
101.25
•{ Lo w
[Close
••
■
Total sales la $1,000
Oct. 20-
f High
{High
1950-1952.Low
(Close
V?
'
Total sales In $1,000 units
'
5.:-
High •:
$B; Sept^ 1950.1052
2%S, 1950-52——Low
I
Close
Total sales to $1,000 units
„
/ High
J LOW
-
.v„.
103.3
2». 195l-1053uM
Low
SHigh
^
Close
Total sales to $1,000 units
Total salea In
(High
—•[ LOW
[Close
-
t Low
[Close
Total
sales In $1,000 units
[High
2s, June, 1952-54..—Low
f High
A Low
[Close
Total sales In $1,000 units
[Close
Total sales In $1,000 units
[High
2s, pee.,
{High
1952-54
-
2%s, 1963-1968^——Low
[Close
Total sales to $1,000 units——
Total
102.4
102.2
102.4
102.2
102.4
101.31
102.2
102.4
101.31
1
4
in $1,000 units
f High
Low
101.26
•
•
—,
s
si
/
[close
—
/High
—{ Low
[Close
101.24
8
101.25
>
101.24
::.A.
■
Ms, 1950
-
/High
..J Low
-
101.12
[Close
1
'■:
:■
101.12
1
:a;.-A
101.12
Total sales in $1,000 units.—
101.25
101.25
*12
1948
101.29
___
<2.
2
j Low
Total sales In $1,000 units
101.29
102
101.24
v
102
103.15
1
/High
101.29
H39
103.15
103.15
103.16
5
1953-55
l'As
102
8
101.26
1
.
-
101.31
101.26
[C108S
1965-70
.
103.16
103.16
103.15
■
'
2
Total sales In $1,000 units
[Close
Total sales In $1,000 units
102.4
103.15
103.15
-{ Low
7o:
102.4
Total sales in $1,000 units
>pvrHigh
$Ms. Dec. 1964-1969
-{ Low
[Close
^
sales In $1,000 units
.
2s
{High
$ Ms, June, 1964-1969—i—-i
Low
[Close
2 Ms
2■
(High
1951-55——Low
IS.
{Close
Total sales
103.8
■
Total sales to $1,000 units—
2%s, 1962-67—--*—
103.8
$1,000 units—
!
'
2Ms, 1956-58—-—
[Clos*
.
Total, sales In. $1,000 units,
101.10
101.10
101.10
8
1
"
15
•Odd
lot sales.
tRegistered bond transaction.
flOne registered bond sold at 101.28.
NEW YORK STOCK RECORD
LOW AND
80 m
80 M
*112
'-■ 93
95
t per share
79%
78%
79%
*112
114
-91
7:;''
Oct. 26
$ per share
80
114
•112
114
*91
93
*90
93
-
$ per share
•77%
78%
*112
114
*90
,
95
-
Sales for
Friday
Oct. 25
80
80 M
•112
114
*90
Thursday
Oct ,24
$ per share
t per share
$ per share
STOCKS
Wednesday
Oct. 23
Oct. 22
Oct. 20
•79M
Tnesday
Monday
Saturday
HIGH SALE PRICES
95
14
m
14%
14 'v'^
14 m
14
14%
14
14
14
14
M
33'/2
33 m
33%
33%
34
33
33
33
33%
17 M
173A
17%*
17%
17%
17%
17
17
16%
17%
•44
50
■:-'* 44
50
44
29%
29%
29%
48%
48
— — «•
48%
49%
49%
*111%; 115
7%
7%
4%
.
54 3/s
65 M
37M.
37®9
\
29%
29%
29%
29%
29%
49%
50%
49%
50 Vi
47%
49%
•111%
7%
5
65 M
64%
37
37 m
178
For
34%
8
*64 m
21%
34%
37%
22%
*111%
7%
4%
115
*111%
7%
5
-
7%
ACF-Brill
1.400
Acme
100
4%
7%
52%
63
63%
*64%
65
64
-
8,300
38
35%
36%
36%
36%
101M
20%
21%
*100
20%
104
*101
21
-
180
21
21
20%
20%
34 m
34
34%
33
34
175
36
175%
-
21%
102
•
22%
23
500
36%
5,200
102
80
*19Va
20%
33 %
33 %
33'A
33%
v
No
Alaska
Inc
:
Juneau
Gold
60
Jan
9
15
2
23
Par
par
100
Allied
Chemical
Allied
Kid Co
&
Allied Mills Co Inc
22% Apr
39% Jan
98% Jan
6
2
22
S per share
81
Oct
115
Jun
6
15
95
Oct 18
16M May 19
34% Sep 13
18% Oct
44
Oct
39% May
52% Oct
120
July
t
per
share
52 M
Feb
108% Nov
47
Highest
$ per share
64%
Jun
Jun
IN
Deo
Jan
10M
Deo
19
19
-10%
Jan
14
26M
Jan
33
Dee
Dec
19
15
'19%
Jan
24%
10
8% Aug
37% May
75
Jan
'
Oct
43
July
100
Deo
6'A Jan
2
2% Jan
24
8M Jun 21
5% Jun 11
5M
1
34% Jan
22
60% Jun 21
23M
Jan
86
Dee
23
28% Jan 24
91
Jan 11
68M Mar
I
38"% Oct 15
104
May 28
37
Jan
62
Dee
24%
Apr
70
Jan
29% July
91
Deo
—
war
10
$2.50 prior conv preferred-No par
Alghny Lud 6tl Corp
No par
800
13% Mar 26
32% Jan 24
Year 1944
Lowest
*_100
Mini
Corp
pf A with $30
Alleg & West Ry 6%
Allen Industries Inc
6,200
No
Allegheny
5%%
60'A Jan 22
111M Apr
9% Jan
—10
Vlcksburg Ry
1,700
175%
20%
175
Corp
2,100
24
175%
20%
174%
V-
104
6,900
share
25M Apr
1
Air
Reduction
per
10
Address-Mutigr Corp
49,600
64
•_
Adams-Millis
$
2.50
Co
Express
Alabama &
53%
64%
Motors
—100
No par
7,300
5
54
Par
—
Range Since January 1
Lowest
'
Highest
,
Steel Co
Adams
Range for Previous
■
——No par
1,700
115
7%
5%
5.400
6,700
-
„
y'
4% preferred
Abraham <& Straus
33%
•112
<
■!
17%
52%
176
2035.
•
14
■
33
52%
'
21%
180
7%
5
115
14
;rM7?v
50%
101%
104
footnotes see page
"3
^
5%
54%
*22
33 3A
4%
53
22
21
7%
8
f 5M
115
54%
179
.
*111%
115
53%
*101
22
*176M
47
29%
104
*101
21-
5y8
55
*63M
-
"I
29%
48
29%
*43
•43 m
47
•29M
...
,
Abbott Laboratories
700
44
S
*43'A
!
Shares
.
"
STOCK
EXCHANGE
114
*90
<
33
a
y
80%
*112
NEW YORK
the Week
gtd
100
u
1
Dye
No
par
8
No par
56
Jan
13% Jan
2
153% Mar 16
15% Jan
2
27% Aug 21
2
Apr
Mar
9% Jan
Oct
26
185% Oct
2
17
141
21% Oct
34% Mar
1
20
24
Apr
13% Mar
Aug
7% July
3V*
18%
187
Deo
Oct
Dee
18%
36% Mar
Monday, October 29, 1945
COMMERCIAL & FINANCIAL CHRONICLE
THE
NEW YORK STOCK RECORD
v
Oct/ 23
Oct. 22
Oct. 20
$
•
$
share
353/8
31Va
31%
32%
6»A
6'/a
6%
48%
►47%
139
125
125 %
124
►47
1403/4
1383/4
32 3/4
32%
•136
1383/4
•1463A
148%
2iy*
21%
233A
♦106%
107
41%
7%
73/4
*i?y»
40
•38%
30'A
29 Vu
40
45
45
9%
8%
55
/
11%
•84
54
85
54
85%
•52
85
12
11%
14 Vs
14
ZZ 14%
343/4
35 y8
16%
163/4
54'
'
9%'
54
89%
Z
v
/
81%
16%
95 y»
96
28 y2
29
29%
29%
♦4ay2
Z- 60 Va
4iy2
♦51%
25%
523/4
53 VA
52%
53
60
*144
150
43
►117%
119 Vu
22
22 Va
-
-
119%
•53%
54
•38
38%
*
60
60'/2
57%
59%
58
58 Va
119%
►117%
119%
112%
119%
10%
243/8
23
122%
24
10
10%
79'/2
79 Vb
39
37%
38%-Z
54%
53
53 y2
50
51%
50%
81
50%
37%.
37%
37%
36%
zz
38
37%
112
111%
-111
•Z
6%
-
29 %
29 v*.
♦130%
56
V
18
17%
18%
17 VA
28%
'
18'A
18%'
173A
32 %
34%
18%18%
18%
18%
18%
54%
54
18
33
55
►18
32%
129
129
130
130
♦128
131
*128
131
►126
•132
140
♦131
135
•132
133
135
►49%
106
98
97
►113%
98'A
113%
113 Va
82 Va
82 »/4
•121 %
37%
♦113%
58
83
25 lA
25
17
•24y2
16
104-
104
►103
20%
20%
20%
123
17
104>
•10a
83%
25
17
16%
•56
123
123
125
*25
18%
19 y,
82%
58
♦571/a
38
115
19/
>56%
19
19
*80
37%
•113%
37%
37%
20%
8%
8%
8»/2
29 Va
29%
29%
22%
22%
35 ya
36
35%
•
81
81
113
57%
Z'
84
25%
15%
20%
20 Va
19%
8%
8%
"
25
105
25
25
17%
V
28%
291/4
21%
22%
X105
J
20 Va
8y2
-Z ;8%
r
480
70-
-.
20 Va
•
1,600
July?
75
July
7
13 y2 Mar 27
21% Oct
23
139
Jan
8% Jan
43% Mar 27
64 % Oct
2
145 y» Jan
116 ya Sep
3
05
39%
18% Oct
1
n
111% Oct
24
84%
2
29 V* Jun
28
6%
100% Mar 26
128% Jim
28
53/i Mar 27
11 y* Oct
17
Jun
22
30% Oct
19
9»'% Jan
1h
-
Jan
83
109
44Z
:
-
FebJan
29%
Dec
39
Dec
Jan
20*
Janr
28% Julv
10
9% Jan
2y* Jan
30% Oct
<«
1HA Oct
15
120% Oct
23
"4% Apr
74% Jan
107%
Dec
138
Oct
11
85
J««
119*
Jan
35 Va
Apr
Mar 27
5T
42% July 27
19
Oct
19
2
18% Oct
22
34Va Oct
23
12% Jan
29
go
132% Oct
17
85 y2. Jan
Oct
22
33
18
Jan
20
113
Jan
3
Jan
45
Mar
130
4
51
9
Oct
16
76% Jan
31
101
30
114% Oct 26
101
/nn
Jan
Jun
22
1
42
Oct
7
81
/
71% Sep
110
par
58
Jan
Jan
2
86
Jan
25
124
Oct
25% Aug
38% Nov
Jun
76
57%
Oct
62
Jun
521A
112
9
Apr
26
7
Jan
105'A Oct
25
66
Apr
2
23% Sep
14
5'A Jan
No Dor /
r1
17% Oct
2
14% Jan
I,:
prior A-.a-
24
9V* Jun
28
14% Deo
3% J»n
31 y* Oct
10
28% Jun
26'
(TheilZI—
of Del
20
14% May
9
6
22
Dec
120% Aug
May
Jan
77
Oct
17 3A
10% Jan
par
32% May
114
Jan
18% Jan
No par
__No
Dec
Nov
53% Jan
Sep 27
60
113
N>o
Dec
Feb
11%
23
19
Dec
55
107% Felr
6
553/4 Feb
j
20% Oct
83%
106 Va
24% Jan
15
114y2 Aug. 28
20
14% Jan 22
5
5q
—So
Apr
Jan
59 y»
11
39% Oct
30'% July 27
—25
Sep
108% Nov
J**
25
Oct-24
aII.-IIIIoo
Dec
45%
May
82
Dec
113% Nov
25% Jan
79%. Jun 25
48 % Jan
33 Va Feb
19%
113
Jan
53 y2
25
Jun
12% July
133/4 Jun
103 y* Jan
108 y2 Mar 23
105% Oct
i0o
100
46%
8'A Jan
Jan
.
6% July
9V* feh-
-10.
111:
Sep 13
2
11% Jan
100
conv
Aviation Corp
Dec
Dec
-
6Vs July
65
'
Dec
73A Sep 24
16% Oct
2
13
«% Jan
T
Nov-
9%
107
25
29
1123/4 Oct 15
44% Apr 30
23% Sep
100
Jan
24%
-■•
Dec
Jun
16% Aug
Jan-,
Jan
4
38'/* Sep
38% July
6
12% Aug 17
15%
49
120% July
Y 67%. Jan
X56% July 12-
July 20
4% Jan
-
152%. July
1
Apr
110% Apr
6'A Jan
121% Mar 15
13
Z 8% Jan 23
'
par
RR
Autocar Co.
/
) 48,500
8%'
75
3
~ No
Austin Nlchol»L—s;—
6,600
Dec
Jan
111
—
Fe_.
Atlas Powder.
Dec
166%
57% Jan
~No~oar
preferred
Atlas Tack Corp-
'»300
v
I
563A
'
8
—No par
_IHI
Jan
102% Mar 27
Corp..
5%
156 ;
18
2 r
100
preferred
Dec
31% Jun,
Oct
89
2 7
65 Va Jan,
IlOo
Refining/
pref series
56
26%-May..
91% Oct
xieiZJun
Jan
65
1
conv
'6%
190
'■ 105
19%
-
•"
17%
'
.
/ 105'A
Va
8%
20
8%
Atlas
124
IT3/*
z
20
4%
25%> Dec:
132
Jan
loo
III
Line
norr-cum
Atlantic
10.000
1.000
82%
*122
25
16%
123
ZZ 82%.
82 »A
123
5%
300
57 %
26
W I S3
G ft
360
56 Vz
573/8
82'A
10®
♦104
104
57%
123
400
4,900
193/4
187 »A Oct
Jan
Feb-
111
Lines—Iinil__i
preferred...
"100
Atlantic Coast
16%
10
3
5%< preferred—,,
;;
Jan
par
Zno
preferred:
Atl
i
44% Oct
145
Nov
29
:
2
par
ft Co of Illinois
2d preferred/
5%
19% July
Oct
—~N~o~par
Atch Topeka ft Santa-
15
157v Janr31 -
Co lnc„
1st preferred
19
30% Sep 20
29% Jan
Dec
28% Dec
56%. Jan
12
21%
20
3
Assoc Investment Col...
500
»
.,
.
19%
19%
n~0
Minlng_
i
37%
3
Aug'21
128% Jan
'
Dec
152%
22% Jun
3
22
12 50
preferred
6%
20(T
113
113
'
223/4 Jan
Dec
45%
146
25y2Oct
6
Glass Corp
f 5,600
'
2516%
•24%
16 3A
85
37%
37%
18 3/8
83
122%
123
37%
1123A. 113
16
24% Jan
120
t 6,900
70%
2
41-
43%. July
165 y2
Jan<
39% May :>
Aug- 6
38% Oct 15
9
17% Jan
19%
37>A Dec
36% Jan
164'
Feb
27% Jan
18% Sep
Dec
Ffeb
147
483A Oct 18
Aug
17% July
77% Dec
13% Jan
172 %. Aug 22
:
9
6
i
41
>61%
,*8iy«Z:85
Z
57'A
82%
57 y«
39%
*39
18%
183/a
19%
70
►39'A
.'
70%
3-
12% Aug
.
26% Jan
623A Oct... 1
2,Z
60% Dec
180
Jan
13%
3
24
2
30
r
20
41% Oct
23
7%
113% 114^8
--
Oct
30% Oct
38% Jan
Associated Dry Goods.
2,500
97Va
20
29 Vs Jan
136
96%
4
62%
15
60% Jan
preferred
preferredArmstrong Cork Co
Arnold Constable Corp
Artloom Corp.—1
1.200
1
15
Aug 21
153
j
S6 conv prior
\ 6,900
51%
Oct
50
A P W Paper
( 4,300
1
99
41% Apr
i00
Anderson, Clayton ft Co.'
;
131
Jan
12% Jan
2:-
164%v Jan
100
1%
►105% 107
69%
373A.
113%
3 7'A
38lA
115
115
39 y2
•39%
40%
83%
98
*112%
I
►50
107
X96V2
114
70%' /
z;zz/ 8%
?9Za
21%
8Va
40%
80
80
80
•78
70
►105%
973A
-96%
71 »A
v
41
41
105%
105 s/b
114
70
'
51%
►50
51%
•50
51
107
Zv " 97%
993/8
--*114// 115
1141/4.
70'A "71
40 36
•
99%
114'A
%
71
•39
105%.
105%
115
69'A
51
>105%
51
51
51
►105%
•,>
Jan
283A Oct 15
Dec
3%- Aug
66% Dec
Feb
9
Mar 16 '
Oct
■•■•-'•43"
jun
40
25
184
,136
=
Jan
-
163
18
Sep
18
2
Z 40% JattZ
\:
—1.10
'•
Andes Copper.
Feb
44% Feb
18
83% Oct
23
$4
600
.
92% Oct
2
Jan
*75-
No par
Armour
18
*132
136
►132
►131
333/4
33 y»
par
2
No par
44,100
33
>-32%
33
130
33'A
22
1-1% Jan
Elec„—Nb"por
Wks ft
Archer-Daniels-Midland
18%
17%
18
32%
34
•126
22
54% Jan
y/:|a--z:
11.600
56
;
60 y2 Jan
par
Anaconda Wire ft Cables—No par
*130% 135
135
par
'
12 3A July
20
Dec
,
115% Feb
142 % May 24
Anchor Hook
>
.
400
)
20-
2
1st preferred/
Woolen..
PreterrMP.
8,300
120
22
Jan
32
II
113/4
inys
►118%
55 Va
54
56%
►130 Va
135
♦130%
135
11 VA
119%
►118
1193/4
119
33% Oct
8%
/
19
IIIIIlOO
29
28%
28 3A
10%
11
10%
11%'
120 i/a
18 VA
18 Va
17 Va'
10%
55'A
54%
18 VA
29
135
•130'A
'
28%
28 %
15
21
Foundries Inc
preferred
Water
$6
) 1,200
>7%
6%
Deo
17% Oct
-
.
Oct
05 prior conv preferred—
Anaconda Copper Mining
6%
6%
120%
11%
120
55
•
Am
410
8%
24%
36% Oct 26
Sep
American
.12,900
6%
Dec
14%, Feb
).
10
B
preferred
5%
400
f
Dec
Iliy4
63
25
—25
«
15%
28%
Jan
2
.100
21,300
t ' 360
40%
6%
29%
120
11
li1/*,
6%
29%
111%
•
Feb
2
Amer Zinc Lead ft Smelt
111%
6%
•
14%
80 y2
26
•
Jun
10
2% Jan
^
50
25
41% Jan
15% Jan
Dec
9% July
®% Aug
V;
Jan/
130% Jan
Tobacco
.
Jan
par
Jan
Oct
7% Aug"
Apr
6%
46
var
176
76%
79%
Jan
7%
,
16
•
Nov1
116% Oct
.
24
No par
14.500
40%
41%
16 %
10
46
•Jan;
61
Dec
6% Aug
-
37% Sep
24 y2 Jan
!00
j2,300
153/4
112
*153/4
1
Dec
40%
Mar
4
22'
14y2 Oct 16
22
_100
12,100
50%
36 3A
65
26
53% Oct
11% Mar 27
American Viscose Corp
100
-40% ^40%
112
10%
40%
6%
••!
*15%/ 16 y#
113
111%
112
,
:16%
*'41%-' ■ 42-';'\
16
63/4
37%
37%
38%
Oct
12% Oct
Apr
9*3/4
-
39% Mar
12% Oct
Mar 26
Refining
38%
10
Odt 26
Jutt >
25%
,
Apr
3%, Jan
-
Jan
No par
No par
No par
24%
►78
33
No
No>
n»
No
81
10%
77%
373A
Jan
14
...
102
JaUB
:
No
10%
10
15%
3
3
Dec
Mar
5% Mar
29
Jan
59
22
No par
No par
124%
.
77%
z
I
Jan
21
Telep ft Teleg Co
Amer Type
15,100
17%'
124%
122% 124%
80
39%
78
42
16%
112%
//
r"
f
119%
►111
112 %
38%
16
18 y*
121%
119%/.
10%
*111
39 V2
41%
54%
22
*117
17%
119%
17 ya. 17% Z-
17%
in%
23%
22%
.
•117%
16%
111%
is
V; *111
22
••
79%
16
135
'
.17 y#
is y«
42
120
:
•117%
119%
•
2,700
59%
68
■"
99% Oct
No- par
Col__
Common class
14,400
59%
156%
Amer
American
«3,700
V 680
21%
21
1
373A
lllVa
►130
87%
21%.
87 y2
156
26
11%
OCt
10
'
5-
J/in: 3d
8umatra> Tobacco.
Am
11.300
-
1%
89
-
2 "
26
Preferred
400
157 y2
87 Va
157 y2
20%
16
10%
87
87 y2
156%
21 y«
40%
29 V4
86 VA
♦53%
39 Va
►ii9y2
181V*
85%
38%
80
63/4
185%
87
185 3A
£•>77%
•77%
38%
►111%
/ / 11.500
184%
156%
120%
10 Va
10%
10%
loy4
i
20%
120'A
119%
i-100
21%
112y8
22%.
22 3A
'
89
156'A
150%
42 Va
61
171/4.
►111
112%
88%
156
Stove
American
►86'A
Z 23
10'A-Oct 22
15
Jan
108>:
—
American Sugar
87%
88 3/4
Oct
4% Aug
Apr
Jail
24
,
100
American Stores.
2,100
i 300
Dec
8
Oct
•
48% Apr
preferred—IIIIIioo
non-cum
4,300
41W
68% Jan
6%; Jan
Z.100 '
Dec
36y4
Sep.
46% Jun
!
1
9
Dec
I07y4
55
Mar
70
Aug
20%
Feb
32'A Oct
par
Amer Steel Foundries—
28 VA
21%
►117%
173/4.
171/8
►111
►86%
6%
20
51 Va
,
28
106
3
32
28'A
41%
42:./ '.
185 3/s
>
15
Mar
-
2% Mar
-
-6% Oct 17
114
Jan
47
14
19
11
•
38%> Jan 24
5
131% Nov
10%-. Jan
43'A Jun
Jan
115% July
Feb
21%
8JA Sep
27% July
ko*
108%
101%
20% Jan
.
ior
29
4
18%. Jan
50%
*41
42% July
993A. Dec
Oct 18
17% Oct
173/s Jan
29'A
►145
183 Vz Nov
Apr
25
19
*
•91Z Mar
•
Safety Razor—
Seating Co
Ship Building .Col
51 y«
150 y2
95J/» July
Jan
44% Oct 17
2
Jan
96.
100-
50%
►145
Mar
33 Vs
25% Sep
7% Jan
No
Oet
.
24% Sep
'
2% Jan
18.50
No par
Noj par
Amer Smelting ft Refgi—
No par
Preferred' l—.1—l-■- ■ ' y.__.ioo
American Snuff/./.
...III_I~ 25
6,600
25
24%
24%
24%
I
3874
27
American
1,100
156
.136%
37.
82'
109% Jun
22
10% Jan
American
350
Sep
14 Z July
May
170 ya
11
Apr^25
Sep! 19
149.
3 5/8 Jan
Illio
Co
►28 Va
150
1843/4
87%
>153 *
155
365/a.
I
120
13% Jan
18 ya Jan
Amer
8,800
:
%
48 y2
.20 >/4
Y
158 y»
201/460 3/+
■>,
185%
*48
48
.
169
•
67
105% Apr 26
30'/4 Jan 24
Mill./.—111117^25
*%% conv preferred/-:
100;'
7
580
i
59%
59 Vh
169%
169
153
25
42
871/4
89 %
88 3A
157
60 3/4
48.
37 Va
♦144%
.
41%
59 Va
583/r
%;.MS>/Y 1
•152-^48#'^
158
185
21
41"
168 Vz
47
Y
52%
185%
87%
59%
41»/a
59 '/♦
170
168%
28%
Z 43 ;/•
20
1,500
.
52%
►42
89
2,000
293/4
403/4
51 Va
185
87 y»
28 y2
29%40%
24%
♦28%
423/8
158 y2
28
29%
25 Va
29%
185%
89
28y2
29%
36%'
423/a
87 y»
28%
29%.
37%
184%
158
29i
41%
58%
•
41
►42
87%
943A
29 3/8
195
112% Mar
American Rolling.
2,530
28%
1701/4-
.52 Va
.
145
145
•
92»/a
5
133
Apr
8
■
30,400
29%
•
112 y» Oct
15
.100
Preferred1
:
27%
29'
♦29
25.600
t&rfa:.: -.J
184
*182
184
: 5,000
Z
■
16%
16%
16%
16%
►182
J
94y2
251/4
38
80
126%
15
No: par
Light...
06 preferred—
05 preferred
Anr Rad ft-Stand 8an'y__
3,100
883A
79
8
13% Oct
111
■
88
80 JA
Oct.
135 Z Jan
'
__io
1
50
:
1
Amer Power ft
27,200
9%
93/8
88'A
793/*
94"
37%
25%
30'/2
►29%
/'V
9*%
88 3/4
jun
46.
39.Jan
1
ft Metaisi...
News
19%
Jan
17
89 % Feb
1
No par
Corp____
preferred.
6%
American
1,560
Jart
37 Va
2
Amer Metals Co Ltd
20
;
56 VA
533A
27%
943A
*152
25%
30 VA
54 y2
9%
140 y2
>140
140%
27%
293/4
48%
140
Mach
Amer
7%
5
141'% Oct
preferred
Amer Mach ft Fd.y Co—
2.700
■«
■
933A
28%
591/8
12
263/4
933/4
41
17%
32%
31%
16%31%
92%.
26'A
169 »/4
17
Dec
7
55% Oct
-
Jan
7%
14,400
4,400
36%
27%
28%, Z
-27 Va
36s/i»
36 %
72 Va
110
Locomotive^
American
Jan •;
Jan
/9% conv preferred
1,100
36
53
183
♦180
100
31,100
81%
16%
16 Va
16T/»
♦
35%
9%
89%-
9%
53»/2.
60
Jan
preferred.)
8% non-cum
Amer Internat
American Invest Co of
600
110%
32 3A
80
?
Dec
23% July
f
213/s Mar
Mar 21
1833/4 Jan
Ice._„——L—No par
American
1
4.600
14 VA
neya
353/4
141
53 Va-
so y*
.
r
1100
12 ya
.1.10% 116%
►
;
98 Va
98%
*14 '
52%
35%
im
52%
183
*180
52%
lYZ-Z
9%
16%
*51.%
•900
4,600
Jan
45%
Apr
08%
American Hide ft
25,800
31%
Dec
16
23 >:
Leather
6% conv preferred
American Home Products
89
May
40
10 y2 Aug 21
No par
30.500
56'
26
8
ST
American Hawaiian 83 Co
/ i 12%-
Z12
14
36
323A
91»
821
■
f
12
30
'
►140
90
81
-
99%
11%
36 %
55-:-./
i
12
-
.
15
15% Aug 21
10
10
100
20
preferred A
Dec
110% July
2
08 preferred
,
30
No par
No par
No par
4200
10 Va
85%
.
►133A
►99
16%
141
'
12 V*
■
54 Z
9%
48
■37%
25%
<
86
35%
33%
32 3/4
*140
154%
293/4
145
171/4
169 Z
♦152
37%
16 %
54%
53%
12
116%- 116%
303A-
41%
60%
60
168%
48%
48 34
353A
,
36
116%
30
►40 3/4
v
-
116%
28%
29%
155
*142y#
13%-
36 y»
53%
11%
13%
11%
14
36
i
52%
12
*13%
9%
9%
85
100
•98
99'/a
28 y»
95 y2
94
169
37%
113/4
11%
183
x28%
60%
•47%
84
12%
106
>
44'/2 j 44%
53 y2
84%
►98
9%-'
•
07 2d
'400
45
85
12%
►52
84%
17
273/8
27%
9%"
9%
.54
►447/b
».
6,700
*105
106
►105
106.
45%
4400
30
2
Oct
4y»
42% Nov
Mar
343/4 May 25
80
Jun 18
24
69 y2 Jan
No par
preferred
114
29%
39% Oct
80% Oct
24% Deo
82
100
Power.
Amer ft Foreign
15',400
07
29%
29 '/♦
600
r
18
373/4 Oct
Sees
American Export Lines Inc
112%
113
-
39%
Oct
July
Jan
Jan
Amer European
v-900
5% Z 6 •/
6
►112
3,000
17 y»
*38%
38%
53/4
29%
n3A
82
♦180
183
26%
►152
409%
45
10
16%
8iy2
169
106
54
90%
90%
16%
;
105 %
54%
9%
9%
80%
'■
29
105%
141
531/4
90
•180
30%
/ 38%
:
53A
6%
112
112
1131/4
33%
33%
141
141
17 Va
39'A
.
I 20
142
Aug 21
Jan- 24
20% Jan
118
Jan
28%
Jan
Crystal Sugar—
6%
1st preferred
1
Amer Distilling Co stamped
American Encaustic Tiling
10.600
433/v/
73/4
.»42 f
7%
•16%
•
7%
>l0.%»/;l7.y^'
■
29%
43
:7%
VU
7>/s
.41%
Z<
106 y2
21
27
Co
American Colortype
Feb
96
American
2,500
,
2
11
4P
Dec
40% July
Apr
I?%r Ap*
28
Sep
22%
Apr
__100
American Chicle—'
Z 9,200
■'
23%
33 Vs
105
No par
preferred-;
conv
-
14% Jan
6% Oct
42% Jan
128
preferred
non-cum
5%
<280
145%
♦106
1%
50
J
'■24
23%
106 ya
►106
.
Am Chain As Cable. Inc..
134
233/4
24 ya
:/>23%:Z.23%-\
41%
? 6%
16%
16%
33%
33
►140
40 y»
6%
52%
36%
116% n«y2
35
353/8
116%
110%
106 %
2,000
,
145%
147
;
23%
•
•132
134
146
233/s
24
106%
17%'
Z
►132%
147
:
35
-
>3$
t„
35
V 28
100
No par
ft Pdy_...
118
*110%
58
'
-
6
103
Highest
22
35
10
x41.
C«a_
Car
American
59
11
124% Oct
Jan
,100
l
.-25
Preferred
560
7)300
BOO
57%'
117
35
35%
383A
9%
58%
>117
v
-
American
4,500
190
58-
39
36
36
35
103%
180
23%
52%
54%
►52%
103
189%
145 %
112%
,
103%
189%
11
43% May 1*
1
Amer Cable ft -Radio Gorp_
23^00
Oct
Oct
2
3Ve Jan
23
No~par
preferred
5Va%
t 40
12%
12%
102%
117
23
Arti Brake Shoe Co
130
130
130 "'
12% Z 12% 'r
12%
16%
•45%
53
52
/; 6 % preferred'^
American Bosch Corp.
3,600
54
134
2.
Oct 25
121
29
$ per share
share
per
37% Sep
24
38% Jan
•
t per share
share
113% Jan
I_10
50
Banr Note
American
■
2,000
w
18%
52%
1033A
35"
,
18%
►52 /'•
189 */2
103/4
•
18%
•129
129
•133% 135
43
73
18%
183/a
523A
v
.73
73
-73%
39
100
12
14
Z *98
100
12
73'A
210
7%-
12 8/8
12
12%
*98
Zv/i'3,700
7%
10'A
9 3/8
31V2
24% -
41
105
46
105
105 %
►105
31
•116%
1063/4-
*108 y2
6'A
112% 112%
29%
30%
6%
31%
56%
/
146%
23%
6
112%
31
31 Va
188
136
40
17 y8
17%
•38%
7%
2,000
4,700
12%
43'A
7%
17%
42'A
40%
79 Va
129
145%
107
'/1.900
38%
78
Xl02%
•
Z
138%
135
136 %
►135
*6 m
•47-
48
38 %
123A
•24%
•47
78
105'/2
■,•
6,800
37%
*73
.
53
135
■
0%
77%
123/»
>
6%
6%
37%
303A
130
23
ZZ 1.100
37%:
104%
23%
233A
223/b
4.900
32 %
77 Va
18%
51
187
187
57%
59"
*116% 117
35
36 Va
♦146% 148
24
►112%
52 »A
124 %
32%
37%
19
•129
123/4
105%
187
58%' 5®
117
117
36 Va
36 VA
136'A 136 JA
363/4
♦105 3/4
52 Va
130
187
58%
58%
*115% 117 %
*23'/a
18%
105
105
187
"v 36%
75
18%
3.600
123% 123%
122%
32
77
31%
■::.7>73'ZZ-:T4ZZZ)
ffo par
No par
4% conv preferred
inn
4r/o conv preferred (called) __ 100
Alpha Portland C<;m
_/vo put
Amalgam Leather Co Inc
j
OVconv preferred
50
Amerada Petroleum Corp
No par
Amer Agricultural Chemical-No par
American Airlines
5
Mlg
Allls-Chalmers
Year 1944
Lowest
Z/ZHighest
20% Jan
Allied Store* Corp
18.300
122%
6%
136%-
135
t
79
30%
12%
12%
12%
104%
31%
*129
130
•186'A
79
52 Va
53
52%
137
381/4
77'/a
'
123 VA
313A.
43
*47
497i
Lowest
t per
Par
121
-■■'6V*'- 6,%/V
48 Va
137
18%
18%
•129
•47
35
483/4
Range Since January 1
:
9,100
34%
Range for Previous
'I..-:v- v-.v ;.
7
Shafts
122
.
121% 125
31%' <32 zvz
3a //-Z
6%
:
Y, 32%
•; ? 6%
124%
122y«
.
"
•
373A
*74
73
f.
18%
'-/34%. -34% 8Y
^8%
49%
49 3-41 Vt
31 Va
78%
•74
-
34%
483A
78 VA
39
76 Va
34 y8
50 y»
124% 125
124'/2 1241/2
.
t per share
t per share
share
per
STOCK
EXCHANGE.
the Week
<
/Oct. 26
•'|Z4. Oct. 25
,
35%
•
38%
38%
38 S/8
'
493a
140
49'/«
503/i
50 Vs
125
'
35
-
:
36%
503/8
125%
124%
33 VA
6%
48 3/<
35%
share
$ per
share
36 3/<
per
S per
Oct. 24
I.
;
,
STOCKS
NEW YORK
Sales for
Friday
Wednesday
Tuesday
■•"
Z/.Z;/ZZ
HIGH bale prices
LOW AND
W«nA»y
*«tvr0ay
-
Dec
13% May
84 VA May
"
15% Nov
6
Dec
B
Z-
«
29
293/4
28
23Va
213/4
22 Vb
21%
22
36%
35%
363A
34%
351/8
72%
723A
39%
39%
39% "
■,Z
32%
•32
33
•32
•52%
52%
*52%
21%
21 y2
217s
i7y»
17%
17 Va
17%
•43%
44%
►43%
44%
•47%
49
♦47%
♦108%
109
•i08y2
For
21%
J
Z,J 3534.
/
22%
36%
'ZZZ.
73%
391/2'
311/4-
52 3A
►31
31V*
52 3A
21%
17 Va
43%
►43%
48%
48%
109%
*108%
12%
121/4
38%
38%
*38%
44
17 V2
43%
...
43%
,Z.
-
17%-
•
:z;
49
►48
109
110
4,500/:
110
*37
12 3A
39%
12 V#
♦37%
*126%
30
-
►126%
11%
18
17%
18%
26y8
27
17%
26%
18
27 3V
27
26%
26 sr
20%
20 3A
21
20 »/a
20%
►127
132
'
21 y2
*io4y2
footnotes see
-
-
21%
2035.
"
2034
20 3A
106
106
page
132
127
18
25%
*127.
18%
23%
106%
•106
132
107%
127
•106
108
*106
107
Co
1
100
•
1,700-'
-
■
'.1
Beech-Nut Packing Co.
Beldlng-Hemlnway
21,800
.
Bell
Aircraft Corp
3.100
Bell
&
/
-
-
100
Howell
CO..
4Va% preferred.
86-
•
54
9
2
1
17;
32% Jan
._
2I
No par
1/, -t •
,
~
53
~on
No par '
»
10
.—-—,100
r
19
23
106% July 3
9% Apr 25
35>
Aug 17
36
33
■
•
Jan
20
12% Jan
12% May
2
18
7
Aug
103% Sep
7
21 Va
•12
Dec-
14% Dec
Jan :
68%
Apr
•
23% Dec
Jan
,
Z14%" Sep
^
18
Dec
July<
i
143A JAug
22% Mar
«•
>•?
18% Mar
'
19%
Dec:
45 y2 Oct
'25%
Feb r
34% Nov /
50
31;
105 y2
Jan i
38
'
llflf
5
Oct116
Jan
11
>' 153A Jun
28
; 40y» Jun
6
;
128
15
114
13%
23% Dec
,
Jan Z
7
25
26% Dec
-
Jan
Apr 30
ZFeb 28
r
:
Jan
>
9Y4
:0OV
July 13
Oct .19
-Ap*
5% Jan
9%
44%-May 16
3
50 y2 Jan
.
79
*
7
17% Jan
'
:
May 27
29 Va Aug
No par
;
Corp.
RR
r
"-it
.
44% Jun £3
23
Jun 21
-
16% Jari
"I"
$4.25 preferredL
Creek
•
14% Aug
Creamery—_T.Il
Beech Aircraft
Beech
50
*
9
22
31
" 12% Jari 31
JVo'par
•,
.
Works Corp:
Bayuk Cigars Inc.—
4,700-''
1
3934,
18
132
18%
23y2
Oil
Bath Iron
Beatrice
40
•-
12%
-
•
5Vi% preferred!,
Barnsdall
•
200
v.
441/4
so
loo, tq
Brot,hers^--
j
16.900
49
121/a
:
370
7
19 y2 Jan
Asphalt: Corp:
100 " •
*43%
109
12%
I7~~ioo
preferred—.
Barber.
_
►48
48%
109
40
17%
175s
52%
Z 4%;
700
22%,
24% Aug
/11% Jan
Bangor ft Aroostook
/Conv 5% preferred
800 ••
2,500
r
21V4
'
Z
33
7
260/
I
52%
:
>/*.,
17%
18%
73%
11
ion
Baltimore & Ohio—
-
11,700
1
39
52%
17%
.
18%
18%
36,400
-
'
Baldwin Locomotive Works
28,300
.
-
39
31%
43%
37%
21%
-
-29
731/2.-,
38JA
•
I7y8
'
ZZ 181/2
Z: ■; 72
20%
Z.-:
12'A
37%
106
■
:
52%
31
22 3A
♦48
23%
21 Vs
•104%
52%
21%
>108%
18
23 Va
*
33
52 %
'
12%
40
18
28%
0
36 y2
34%
38
49
12 Va
•126% 132
72
38
109-
12%
•37%
►18
Y/. *71
39%
32
52%
2iy»
12 y.-
-
■
•18%
723/4
18%
18%
72%
39 Va
18%
19%
•72
39
28Ta
•
71'A
19
•18%
-
Z
19
-•-
Oct
Oct*
273A Oct
Jun
7% Jun
'31
Jan*
9
111 V4
Jun
9
s;10 %
Jan
23
10%
Apr
23Ts Oct; 2
108
Jun
2
*111
Dec'
Oct
14%
Dec
38
Der
121
13
-
Nov-
July
Z IS3/# Jan/
Volume
Number 4433
162
THE COMMERCIAL & FINANCIAL
NEW YORK STOCK
LOW
/>,•/ Monday
Saturday
,/
Oct. 20
V
per share.
59%
60
25% ' 25%
54
28%
22%
145%
19
69
-
64
50%:?. 51%
7%
7%
*57%
?b
49%
49% b
70%
.
*108%
"
,
*35%
;
67%
109%
32%
'32
*62% ' 65'
;®tf
;.;35%
>18
;63%>
35 Va
35%.
•126
17%
63%
v
>18%
96
20%
97
95 Va
20%
19%
20%
36
17%
;;97
.
19
V
95%
..,
19%
34%
27%
34%
33%
33%
34%
35 .1% ..,#34
27'A
27%
265/a
27 Va
27
27%
31%
32
32
32%
32 %
32%
31
32
35%
34%
35%
34
34%
34%
35%
-
35
...
*108%: 112
16%
*108%
-
17
io
84
*66%
-
67%
17
io
*82
;
112-
*108%
f
17
17%
9%
10
*108%
17 Va
9%
•
83
83
66
66
66
66
84
110
5
24%
24%
24%
*108
*108
5%
23%
24%
*108
109%
5%
5%
84%
66%
22%
22%
22%
22%
98
98
98%
98%
30%
30%
30%
22 %
36%/
36%
36%
54%
54%
54%
3%
3%
8%
*107%
3%
8
8
4%
5
V8
21%
22%
22
22%
98
98%
Z 98
*28
29
44
44
*127
130
26%
,
28%
36%
35%
55
54
44%
f:
*48
16
*56%
57
*17
17%
*55%
56 >>
130%
28%
*7%
51
*56% >57
17%.
16%"
'*55 Va ■i 56
17
130%
41%
41%
28%
29%
28 Va
,
73 i;
;7%
43%
43%
51%
51 %
51%
50 Va
107%
107%
*106%
150
*148%
150
A
it!
18%
19%
19
'•20%
20%
20%
*23%
23%'
23%
7%
Ve
4.8
116
'•
32%
33%
*17%
18
40
40
13%
14
*108%
HO
20%
8 Va
8 Va
8%
8'A
:
114
114
•
15%
23%
33
17%
•.
17%
17%
s
23%"
8%
.
39 V*
39%
38 Va
39 Va
13%
14
13%
13%
*108%
110
*108Va
8%
21.500
»
39%
13 %
34%
1,900
18%
300
39 Va
110
40
14
•>
-••
..14
15 Va
108 %
■V
31 %■
31%
31%
,.
44
*43
43 -X
32
,
..42%
:
>
32%
■>'
143%
*66
110 '■*
110
*68
68%:
17%
57%
8%
•
8%:
•A
18
58%
/
21%
s
■••.<
43
67
67
17%
17%
56%
57%
9%
8%
9%
58/
21%
22 r
10%
10%
10%
11%
10%
11%
z;zz 20%
4M 10%
28%
29%"
29%
30%
29%
30%
29'A
25%
25%
26%
25 Va
26 Va
24%
67%
68V4
43'.
44
•I: 67 V4
/ 42%
8%
25 Va
21%
21%'.
67%
67%
42%
43% >
70%
70%'
v
-
*28%
28%
29% V:
29% i
28%
*55%
57%
*57
z
C
68 t:
■67%
41%
..
42%:
.
■..
56
22%
19
126
•7%
39
•>
28%
*55 Va
57%
18%
126
29:
>
.
*22%
7%
7%
'38
/
*57
58% •
22% ;
18%
/ : 29%
29
*38
*57
23%
19
7%
53%
52%
53 V4
24 %
24V8
25
49%
*48%
103
*102
52
48
103
*102
16%
16%
58%
58%
58%
58%
56%;
.
v:
8
V
'•
38%
127%
*53
,
>
5,500
25 Va
25%
25%
18,600
67%
6.400
5,000
28%
28%
28'/a
19. :
7%
•?v
.29..
7%
38%
125 Va
53
24%
51%
..
*190
200
200
*190
200
102
*101-
102
*101
102
115
114
114
*113%
115
*24
i
52%
102
•
,
-
#101
-
.
15%
-16%
J5%
*57%
58 %
>
V
58»/4
*190-
200
*190
*101
102-
*101
900
'
> > *101
zc.
58%
200
58Va-
58%
'
;
112
113%
202
58%
59%
*106%
108
;-S 99
99
58%
*57
58%
57
*106%
108
99
99
108
*99 Va
101
*99 Va
101
58
*56%
*56%
558%
57%
39%
39%
39 %
39%
37%
39%
52
52
51%
51%
>" 51%
51%
*56%
151 >:
*148
149%
179"
179
0
180
*148
58%
37%
v:
50 '
151
*179
?/> 64%'
64%
64%
•
f
*1200
65
■?/
*1200
64%
t
*
102
/
x39%
*101%
44%
44
39%
102
39%
-
44%
101%
44
51%
149 %
Va
1
64%;'
40%
Z
102 '
44%
39%
:
>
101%
44
57
Clev
40O
z-'v;
64%
k- :.*99Va
100
V-;
*56%
>
39'A
51%
152
/'
>*175
64%
11,200
z 179%
65
65
>
•
102
42 Va
102%
ZT
"V.
*43%
P
vtc
Apr
25
24%
Jan
30% July
53%
Feb
57
3
Jan
Z
24
8
; 47
11
Jan.-
128
59% Aug
5% Jan
V 53
- Apr
<19% Jun
'
■
18% Oct
11
6%
Feb"
2
43%
130% May
2
42% Oct 19
97
Jan /
Jan
27%
Jun
56
Jan
rl/64Oct
14% Jan
18% Jan
Oct
30% Oct
,
.
17%
8
76% Oct
11
7% Oct
10
45
15
127'
/
8%
22
37'A Jan
Dec
47%
42%
? ;
4
Dec
11%
54%
119
33 Vb
Nov
44%
Dec
Dec
Dec
Dec
22%
Dec
65
Dec
5%
39
152 %
l
Jan
54
Oct
Mar
Dec
July
25
31%
Apr
Jun/ 5
96%
Jun
106
Jan
129% Nov
55% Sep
./HO
153
24
12% July
51% July
.
Jan
33
Apr
143% July
May
7
70»A Oct2
2
Jan '
Apr
56% Nov
Oct/18
171
104% Mqy 15
,
Dec
35%
33% Jan
11
y
3
47% Jan
,
>
Feb i
26
26
Jan
Jun
217/0 July
Sep
x62
2
Nov
lVt
7%
6
May
15% Jan
> 23%
24
9
152
:
Jan /
Sep
-
23
22
35"% Jan
v:
Jan
23
Oct
Mar 26
21
Feb
29% Sep 21
/'': 45% Oct
9
5
52
9
%
/
Jan,, 4
1
2%
373A Sep 20
Apr 17
3% Oct, 19
4
31
19
56
Mar 26
Jun
113
14
40%
Jan
Dec
% Oct. 10
2
21
Oct
,
1
z
??. 11
Jan
15%
Jun
July1
2%
107
Jan
114
Sep
8%
Apr
15
Mar
v,
20%
Apr.
28% Nov'
5
>'
■ 7%
30%
Jan
12%
Dec
Sep 21
15% Sep.20
180
Sep 14
Feb
37 V2
Jan
;
4%
Apr
9
Jun
1
20'A Jun
18
t
38
ZJun
14
22
>19% Oct
Jan
24
}
7
Jan
24
108% Oct
2d
;
Nov
?•
8% Oct
.
115 V* Feb -23
/
Mar 26
44
•
21% Mar 28
28% Jan
108% Oct
41
5 /"
—5 ,
,-25 ;
preferred
w
Cotton
14 Va Jap
Jan
4% July
•'»• May
134
Nov
4 17% Apr
23
Deo
/ 23
Jan
31%
Dec
i 27 Va
Jan
46%
July
/ 57
:
100
%r
42%
3,200
103
1,400 '
27Va Oct:
'
V
70% Oct
26
July
31% Oct
8
43%
15%
65 Va
2
Feb
21%
Dec
29% Oct
17
16 V8
Jan
21% July
49% Nov
19% Jan
49
Jail
54
/
V
Jan
-
19% Oct
•
'
9'A Oct
11
39% Oct: 15...
z. 1% Jan
24
'
May
40Vs
Feb
14%
Jan
25 Va
25% Nov
31%
25
Oct
49
V2 Oct
98
Jan r 2
105
par
49
Feb
20
186
Apr -19
Jan
26
109% Jan
(The)—„1
44
100
107
50
May 15
115
Oct
17
22
60
Sep
7
110% Apr
16
July 10
*•
100
3
53% Jan
17-
34% Jan
2
35% Jan
v
5
140
No par
No
Jan
105
2
93% Jan
.
50
No par
No par
1
89
100
gtd
Oct
16
170
100
:
61
22
20
Jun-19
16% Oct
Jan >2
130
Apr
;
31
2
r
62'/a Jan
/
Jun'30
57% July
2
41% Sep
3
53% Oct
16*
95
■
;
Jun
50 Va
July
July
Dec
148
76 /
110
96%
Oct
Jan;
10 Va
Jan
Feb
51
Dec
185
Jun
Jan
90
Nov
37%
106
115%
Apr
45 V4
Jun
JanZ
Jun
Mar
1
109
Jan
Jun
96
Aug
52% Mar
20% May
34% Apr
May 31
145
Feb
183
Oct
111
6
Oct
98 Va
Jan
35%
92
Jun
July
Nov/
6%
151
9
May
100
J
6%
30
Aug 28
53
Nov
19 V* July
Feb
128% Sep
27
57
17 Va
12
2
9% Jan
Jan
Jan
14% May
-
30% Nov
?/ 77%
2
24
38% Jan
13
16
24% Oct, 10
Jan
21% Apr
Sep/
47
58% Apr
15% Jan
2
—
(The)
/
59 Va Oct: 15
Jan
stock
—;
TO
19% Jan
31
No
77/a Mar
76% Jun
4% Jan
/
18% Mar
25%. Mar
49% Jun. 26
20% Jan
par
■■
22
42 Va Jan
;
7%
18
22
29% Jan
—100
Jan
Jan
Jan
5
No par
No
Co
4%
18
18
Dec
Dec
9 Va Mar
54% Jan
16
,,
Jun
12% Jun
34% Jun
14 Va
50%
;
Sep
25'A Jan
par
53%
Oct
38 Va Mar
39% July r
152
July
Feb
146 %
July"
59% July
67%
Jun
23%
Jan
33%
Dec
—
ColentP-Palmollve-Feet:
No
31 Ve Feb
par
$3.50 preferred
No par
v
Collins <5c Aikman
i—No par
/
990
44%
26
/
22
91% Jan
Louis Ry. Co
RR
Co
22
Jan
—No par
No par
Molybdenum
A
11%
22
5% Jan
23
$4.50 pfd
Preferred
,/ Class
13
15 Va Jan
;—10
Corp
Feb
Apr
5%
3
gtd 4*
11,
44
Oct* 22
17
24
;
preferred
Coca-Cola
,
18
18
66% Oct
Oil
69% Oct; 18
58% Oct
Coca-Cola International Corp No par
670.
5
2
15
12% Jun
24
5
Pitts
>
Oct
26
6 y8 Mar 26
100
i
45% Oct
c
^110-
3
24
preferred—
& St.
■
Oct
47% Mar 27
No par
Ilium
3
24% Oct
Co
C.
El
Jan
33
18
i—No par
w
Cluett Peabody & Co
400
•1.200
40%
C.
5%
Climax
1
1,700
-
St PI
A
/Special
38%
*149
152
179*-.
20
113% Feb
40 /
Equipment
Clew A
58%'
50%
■
19
6% Apr
No par
Co
Graph Bronze Co
5%
preferred
70
*1.200
44
•.
50
50%-; 51
*149
>
-Z-.
-
Dec
30% Oct
10% Jan
*
Clev
O.
{
108
lOO 3" :
Deo
96
33
Stores
Clark
108'/?> •>*106%
*56%--; 58% V/ >
38%
39
,6/179
*1200
*1200
*99Va
38'A
!
180
-
,*106%
"
180
64%
■
40
:
149%
7
180
,
64%
*65- ■"
I;
*106%
*56%
-149%
'57
108
108
-
City
700
112
56
•
"
*58%
2,800
102
55%
>-
113
17%
Jan /
No par >
A
Milw
360
200
.*101
■■'112
:
East 111 RR
&
5%%
60/
16%
^ 6 *190
-
'
102
*
113%
July
Apr
20
—100 /
i
fJlty fee A Fuel—
City Investing Co
130?
48
16%
.16% V-
~3%
12%
67%
No par
Cab Mfg—
C I T Financial
10,500
102
:
Apr!
15
28
>24
52 Va Sep 26
1% Jan
2
—
Copper Co
ChrysleCorp
14,500
52
51%
"5% Oct
22
27% Jan
1
Chile
20
124%
*46%
-46%
16
Oct
25'
Products
Belt Co,
tChilds
3,100
V
24% -V ,>•*24-,6 -25
■
46%
48
38
123%
Oct
Dec
19% July
Chickasha
1,100
8%
*37
-
600
19'/a
8
;
140
23
19 V*
7%
37%
123% 324%
; 300
58%"
<21%
:
•37%
52%
*101
s
•
.
"56
58
58 •
-21% ."f
,,
Dec
8%
22% Mar 26
Chicago & Northwest'n w 1—No par '
5%
/
preferred w i_.
100
Chicago Mail Order Co
—3
Chicago Pneumat Tool——-No par
$3 conv preferred
No par ;
Pr pf ($2.50) cum div,—No par >/
V
Chicago Yellow Cab
No par
2.000
:21%
15%
2
101% Feb
Jan
' 87
.
Chicago Great West RR Co—,—50
5% preferred
50
l,o00
56
Dec
Jan
43%
23
Series
'29%
-
70%
3
19
Chic
29 Va
56
Apr/
72% Jan
17.?Z Jan
Class
29-
69%
83
.
10
14,200
43 Va
70
67%
Jan
21
2,100
70
*57V4:
m,
18%
*47
59
115
*44
12,400
.*55.
.
57 Va
24%
v
16%
*190
•101%
lOVa
30%
'
25
*101
•39%
,*37
"Z
57%-
722
18%
z 7%
; 123%
102
16 Va
•
>22
48%
102
16%
10%
30
29
I
28%
*55
53 %•
*24%
49%
16%
57%
19%
125%
21%
<•'•43;.:
Deo
Jan
21% Sep
Chic
8,600
28%
•29
28%
'
21%
38%
52%
n:
57%
.'-// ,7%
127%
24%
49%
29
21%
39'
-126%
29%
>18%
V
.
16,600
•
29%
.
Jun
4
54
Aug 21
,//' 15
20
Chesapeake Corp of Va
Chesapeake & Ohio Ry—
1,000
57%
9%
21%
21%
10%
67% ? 68 :;
41%, 43Va
Dec
9%
Jan /
Dec
15%
12Vb
Jun
9
July 13
110
2
Checker
68%
'70
V 69
29
11%
20%
Sep z
25% Oct/
53
70ft?
'
25 Va
v.
,...
Dec
3
Oct
85
14% Jan
6
105% July 26
3% Jan
2
.
July
77 Va
"22%
16%
>
-18% May 17
10% Jun 27
V
;
Octt19
108
59 Va Mar 27
No par
6% prior preferred
1,00a
18
.
13
Oct,
36
77 Va Aug 23
/,
19
Dec
12 %
Jan^
47% Jan
7% Apr
17
Jan*
.
21
33 %
< 2
7'A Mar 28
10% Jan
280
:
-
"
.«
Sep
19
27% Sep
13% Jan
No par
Champion Pap & Fib Co
No par
$4.50* preferred- —a—No par
29%
21%
10%
66 Va
43%
71
70
50 V
29
-
71 ">
> z/>57%;
8% ;;
Oct?
5%
Sep '12
37%
Oct
:
24 Vo Jan
?i Chgta
'
"
70%
17%
57%
21
3
105
s
ri§hts---?«-^-,-»_-~-Z-^/?;:
Certain-teed
900
10%
21 y*
■
17%
57 ZZ?
29Va
25
:17%
..
2
22
30% Aug 27
20% Apr
6
;
No par
100
Cerro de Pasco Copper—
8,900
r
68
68
;
97-
116
'l:
•
33
44
:z.'';44>
111
*109
44
111
68 %
66
33
32.v-
♦109
110
9%
56%
9%
21%
i\ 9
?
*67
17%
"V
110....
68% V
:»n% >18/>
70
•
57%
17% i'
57%
no
32
43 Va
43%
109%
r:
'
109%: 109% t
32 Vi
*31%
2
2
Jan
"
5
10
108%
»
*31%
43
J
-
22 V2 Jan
100
> Central Violeta Sugar Co_:
}; Century Ribbon Mills
18,300
;
'
Oct
-No par
20V8Apr
5
Central Foundry Co—
1
4% Jan
2
Central 111 Lt 4%% preferred—100 /■.'• 109 Va Jan 16
fCent RR of New Jersey
100
10% Apr 13
1,200'
33%
22V* July
49 V* Dec
Dec
—25 ?/
Corp—
Jan
Dec
50
preferred
53 %
14%
14
1
preferred
Jan
25%
Central Aguirre Assoc
100
15 Va
*17'/a
*108'/a
,7
110
5,000
15 Va
33%"
38%
.
5%
1,100
23 Va
114
2d
Ceiotex
20%
114
7%
50
; 40%
129
100
116% Jan
2
5 >
32
Mar 26
-
Aug
July
Jan
10
1st preferred
$4.75
/// Common"
6,100
.
Ry
44%
Jan
18% Jan
No par
>r.
400
60
20
8%
•
-
17%
14 "
19.
23
•
114
33%
40%
110
:
-
>15
17%'
13%
*108%
;
114
34
•
149
Ohio
Jan
•
Jan
10
No par
■
148%
z
Co
c
Oct
12% July
Jan
39
26
127% Oct / 4
18% Oct? 10
10
Corp
preferred
Jan
;
Oct
53
Jan ,/v
48% Jan
A
8%
27
.
45
;21% Aug
8%
22
25
class
Feb
17 y*
Jan
par
No
Jan ;
40%
/
39%
„_100
-
Jan
12%
8
5
Celanese Corn of Amer
33,400
;.
Ry
Jan
37 Va
10
No par A
Co-j
3%
16
Oct
No par
Ry
18
Dec
41% July
7>A July
Oct; 11
par
Copper
Jan
Oct
Oct-
34%
34%
18% Oct
1
Preferred
3,400
52%
107%
>
;,z *20%
•
15 Va
39%
-
19
23 Va
16Va
No
117
36
120
No par
Caterpillar Tractor
'
j •107
Sep
109% May
28% Jan
70% Oct. 19
109% Sep
7
33% Oct /17
12% Mar 27"
-
8
Cons
&
190
•
Dee
55 Va
25
23% Jan
:
No par
—100
{/Case (J I) Co—
3,900
X
i
69
51%
:•/
20%
23'A
33%
>
18
20s/a
,122%
114 Va
43»
161
;
68
98
Jan
65
50
Steel
Apr
46 Va
19
2
—100
Pacific
88%
24
Jap
10
:
Juir
45
•z
No par
Zinc
52%
2
____5
—
Jan
Jan
par
f
Nov
Oct
50% Oct
17
July 26
74% Jan
Carriers «fe General Corp
600
Jan
Oct
19%
45
17% Sept21
51% Oct j
1
r
40% Mar 27
V
preferred—100
Packing—
15
10 Va Jan
Mills—,
/ Carrier
v
4%%
163.200
18%
23%
15%
1,000
7%
7%.
-.42%
p
,
72
430
Jan
2
101 % Oct 24
>v
65% Aug 27
42%
Oct~26
/103»A Sep -19
2
47
Oct
8
25%
Apr
38
Sep
Aug 24
23% Jan 23
115
Jan
9
109%
Feb
116
Dec
32% Jun ;19
14%
Apr
34% Jan
•
*111%
29%
113
113
29%
29%
113
♦112
footnotes
see
*112
115
*112
115
*
page
/
?0
2,200
14%
For
115
30%
2C35.
15%
14%
15%
14%
15%
15Va
15% /
19,300 /
5%
Co*e
conv
Fuel
Hew
preferred
& Iron
—
—100
"o
vat
i/,——No
par
Corp
'
Deci-
i
Jun
>,"!21
common—-1
common.
lCS
12%
26% July
I
65% Oct 122
5
9/
10% Mar 27
—100
Carpenter
4,600
47
Oct-
Aug 10
16?
37% Mar 27
zz
—100
Carolina. Clinch
600
28%
160
.
51%
.
40%
Jv
.
19'A
21
*114
>
*17
•
19-
8 Va
8%
33%'
>*31%
rl/64
19%
20%
15%
15
vV
zN
•'
,
rf
107%;:';.
*148% 150
23'A
-
114%
%Vy
15%
*15%
A
50'/8
130%
4C%
28%
.67%
*106%
150
s
y,.l t
/'Capital Administration
$3 preferred A
2,400;
130%
162%
67
50%
106%
*148%
19
20%
23%
*114
8
*114
r
19%'
-
162%
106 Va
50
107%
150 i
,v
;
68%
17%
56
*70
7%
43Z '
-
Cannon
900
*55%
''irf it'
72 Va
42 Va
67%
Corp
20
Dec=*~'
34% Oct
66
59
Zinc-Lead
Canadian
371500 ?
57
106
1
14% Mar
8
10% Jun
5 V* Apr
No par
Southern
19
17% Mar
Dry Ginger Ale common__5
Canada
69% Oct
Z; 42% Jan 24
-__No par
/;//; $4.25 preferred
10/
16%
57
*16%
>,
28% z>
72J/a
163
163
./
-,51%
107%:.,
149%
149%
72
Canada
30
-
66% Julv
130
'
—5
—
Hecla
>
2
Jan
93 Va Mar
<
1
_1G0
Bldg 7%
&
19
.
23
par
preferred
Calumet
2,800.
v
15%
•t
130 %jf^ '•
,.40%;^
*7Va
69%
,
40%
42 V*
:
163
r
No
16
111% Jun, 14
29% Juil 27
52% Oct
No par
Campbell W & C Fdy_
900.
43%
V
128
*127
51
*48%'
28%
.'.>7% .77%
42
,
17
.
56
130'/2
•
27%
43
15'/SX :
57;-.;.,v,
•
'
*55%
41%
28%
72
43%
163
15%
130% 430%
*.'7%
>69%
A
•,
.
73%.
*7%
69%
v,
V
42%
,-v
164164%
69%
56
>\73v' :•
.
,
-*7%
,
*55%
%.
;z
17»/«,
;•
27%
Dec
45% Oct
"
57
16
15 Va
130%
69%
*106%
16%
57 >
<
50
50
15%
>•>-,17
:?
128 .? '
*127
•;
#48% -50
i
'41%
165
68
7
128
41%
43%
*163
.50
*127
»
29%
72%
7%
43%
'A
44
41%
>73.?:
*72
13,300
43'A
28%
130%
8
7%
.
43%
56
130%
4
7%
22%
5
par
Np
preferred
Callahan
Jan
2
/ ' 36% Apr
No par
preferred
5%
1
Dec
/
19
No par
No
Adding Machj
California
1,000.
15
Oct
15
Participating preferred;
Byron Jackson Co
76,300
43%
*55%
.
210
3
2%
7%
27 Va
17%
28%
36
55
27
57*
;
35%
Jan
3
_5
.
1,300
54%,
3Va
27 Va
.-17%
130%?
42
V
*41 %
16%
57':
57//
128
*48%
/
7
230
7%
5
2.50
;
Co_
Copper &
Byers Co (A M)
3,400
;
36
3
7%
98'/a
29%
54%
54J/a
3%
*
7%"
.
44%
127
504
16
-
•
*35%
.
54%,
>•
22%
98'A
29%
.
30
27 Va
44%
"...
130
*127
50
■*
15%
44%
y
28
30
36
3
7%
28%
22
98 Va
30
,7
Co
Ca—y
Butte
11,200
25 V® Aug
Jan
Terminal—
4% %
5Va
51%
Jan
10
5
preferred
Butler,Bros
Feb
33 % Apr
106
6%
Feb
37%
16%
lo
?
>>49%
Bush Term
<
Feb
114
56'A
115%
37% Oct
:;
24
52% Apr I 3
•24% July 20
100
1
'
109
5
18% Jan 23.
-_100
Burroughs
4,500
,
July
17
28% Oct
26
17V» Apr
'49Va Jan
95
Jan
26
Oct
19% Oct
X108% Mar 26
■.»
par
-—^
■
2014 Jan
No par
^
1
r,
40
24
Dec,
70% Oct/ 4
31
Oct. 17
,148
Jan
—l^5
Bush
110
*107Va
No
common
Burlington Mills
iVo preferred
5,30ft
66 Vo
,
30
98%
30%
'
*177
I
!
No par
23%
109
% 5»/a
3
8
109 %
4%
•
23%
,
>54
3%
36%
'
84
A
Corp
$5 preferred
16,800
fc
23
Nq par
66%
23
*107%
5%
98 %
30%
*54
o
10%
>83%
.
class
Co
Jan
Jan
13'A Jan
5
Budd (E G) Mfg
;.
17
10
-v:
84%
,*66Va
.
110
16%
23%
23 :
109 Va
5 %
22
*30-.
*48
*109
Biass
22
Jan
48-
1
7%
3,500
.
.
5
Jan
f
127
100
Budd Wheel-^:—
70£t / ; I Buff aid Porgq?
Bullard Co—r
2,200 > Bulova Watch Co. Inc._i
31 Va
20 V4
/
..—^3
2,500
27%
15%
par
11,900
35
Jan^
July
3%%. preferred-/-—^
1,160
34% >34%
17
10%
,
66 Va
'66
:
-
.16%
,
i... ..9%
9%
> -84
."
■z;,:27.ZZ
Z
31%
*108%; 110 \i-
17 Va
9%
83
35,
,
...>:.34 ,..7v34%:-?z.
.
110
16%
9%
*82
>
:
/
Ami
■
24%
"i,
112
;-
32
56 Va
No par
Class B
"
13.90Q
V
53% Nov
i_5
Bruns-Balke-Qollender
13Q
17% '
5
100
;
Bucyrus-Erle
2,000
95%.
19% -:i9%
56 Va Jun
No par
No par
P^ooklyn Unlqn Gas-—a
brown Shoe Co—
1'-^
11,000
95
'
.
Co
Bristol-Myers
200
,
54
No
T.:
2,loq
18
17 Va
77,:27V^bZ
31 »A
..
I:.
Dec
st-
12
Brewing Corp. of America
Bridgeport Brass-Co—^-:
Briggs Manufacturing—
Briggs. & stratton—I—1
;
80
126
> 125
19%.
.-,35
-
..:/:;27
.
'
;/£?
20%
49%
.
19
Bower Roller Bearing
200
/
.
64%
34/4,
:
.734%
17%
7
17%
95%
19 Va
663/a
*33
Jan
Boston & Maine RR (assented)-100
2,600
110%
Jan
17
28% Oct
Braniff-Airways Inc
5.200
/
32%
#127
127%?
17'A / 175a ;
26%
.:
'
:
50%
*62'/a
35lA
17'A
48%
*109 i;
,
63 Va
34V4
....
17^v- 17%
95
- 95%./
20 Va
.
18
18 %
96%
96 %
20
35%..
17 Va
48Vt
66%
'
32%
.
63 Va
65
;.::"126%v'l2a.i,.',
18
69
;
-32%
:
35 >/4
18%
*66
50% 7
33Va
Aug 28
23% Sep
96% Oct
Borg-Warner
8,100
share
per
61% Oct 115
65
;
;
Highest
X
\
28
•;,
Bond Stores Inc
500
share
per
47% Jan
6
19% Jan 12
,t
4
4%fl» preferred
Borden Co (The)
50,
./
-48%
50%
share
22% Aug 31
:
12,100 A?
100
16 Va
.
/
;
75
-
16 Va
per
17
Bon
4,100
25%
•62
..
7
;,;'t
58
$
Lowest
;-l
6,000
;
8% ://8%'
:>.*109i>ill0%;?:>
32
127%
-'"17%
>.
Z
110%
*62%
>
35%
18Va
*126
127%,
>
67 Va
.
*109
32%
17%
*35%
?
109%
48
:
50
share
Year 1944
Highest
;
//
par
^
Bohn Aluminum &
•
300
;
.
/
No par
Poods
6,700
V
Va
58
.>/.7a^'.,-
?
3,500
24%
:
,
HO
33'A
44
No
I: Boeing Airplane Co
60
159 Va
43%
8»/a
24 Va
Z>V?16.v.::;"l6%
50Va
r
-
57
*62
48
/
49
32%
35%
17%
70
16 Va
109%
127%
17%
f.:
'
8 z./
23%
-
:
24,200
900
49%
■
•
Loan
Indus
$ per
_
0
BliMnenttoal & Co preferred
*
64%
:
v
Aviation...
-
Bliss & Laughlin Inc
Bloomingdale Brothers
:
104 Va
*152
par
.
•
Blaw-Knox
500;
.720
64:
32%
49%
.57
s.
64
'
45
.
49
.
47
49%
70
.,
*103%
"
•
33
44%
^
56%;
15%
'50%
*67
70
8.
.
.
>
•/.
,.
Bethlehem
2.00ft
25%
...'.
v
Lowest
St^el (Del).Zl
- 7%
preferred
;
Blgelow-8anf Carp Inc
Black St Decker Mfg Co__
Best
300
}
Range Since January 1
Pi pld $2.50 div series '38_No par
,
600
36%
Range for Previous
STOCK
Best *c Co-
,4.; 10,200
112
4
64
.
159%
-
z
;
28
24%
,65
.32%
■
■V,
104
•155
50%
*63
16%
63ya
65
■
33%
49%.
.7%
*108!%
65
•126
v
70
49
•
66
*109
;
6
2,500
7
+.•
Beneficial
:..:i 15,100
v;.
67
36 y«
/
26 Va
> 104
148
'■
27'A
;
36 %?'■>.
63%
>
160
-
/ .?
28
26
22% -23%
%
,50
-
.
64
,
56V4
>
19
•109 7-112 .7:7"
26%
'
66 Va
v.
?, Bendix
"i2,600;
/.■i:
,
/;*29% ; 29%
19
>19%
/
.,?Z
200
.
95
148
67 V ?•'■
29
k"'c* -36 Va
112
44%
,// 32%
32
*62%
49%
50
*67
109%
32
'
48%
50
\
-
150
;
.
36%
94
v
29
:19 >. ••V-'
18%
28 :
*27'A
-
;
<•::
*66
V
>
43%
.
23%
16%
*147
67 Va
-.29
32%
51%
23
>
150
;
66
.5?,, 5I
65%
16%
22%
•150
;45%
*63
.
•h 22 Va
94'A
103%. 103 Vi
■
23%
22 5a
93'A
63
.-165":
50%
■
60%
16%
49
^
8Va>
23
V.
16%
*67
;
51%
;V(%22Va
94%
25%
..65 , './
;33%>
;■
44%
65%
:
•
48%
v
33
*57
,
23
16%
/
22%
*109
104 %
*152
45"
7%,
68
,
%
51
60
22%
*66%
.
44
,
27%
35 Va
65%
>65,-
33%
159
56 %
27 »A
*27%
;
27%
103%
64%
33%
»54 %
18%
;
112
26
65%
103%
158%
45
•109
26%
"
56
YORK
EXCHANGE
j>
2,500
27%
67
28
?
•54 Va
26 >4
26'A
;
STOCKS
NEW
l
j
5,700
27%
">• 29
35%
66*
*103'%
■
;
35%
112
26
J
> 28:-
26V4
Shares
i
27%
*147
19%
160
44%
?
146%
18%
66
.
;
68
36%
55
26V4
57% >58
94
c"
30%
*109
64
146%
68
.••r33%---33%*?
160
146%
V
$ per share
7"
RECORD
-1
1
the Week
.
22%
96 Va
29 Va
£'.
•103% 103%*
*62%
22%
94 %
68%
26%
66
r
22%
96%
35%
110%
25%
55
28% V; V, x27%.
30%
36
*65
28'/a
26%
'
Sales for
7
Oct. 26
/57%--
%'■: 57%
Friday
-
>
$ per share
l?"'
59
,>26%
;
>4
per share
56
•
>19>/Z 19%
27%
27%
28%
*105%
26%
56
30%
.
V«19%.
36
28"%
26%
68%
/
30%
'27%
28%
> *146
145%
•>
Oct. 25
>
95%
,v
V
Thursday"-^;,
•"$
>
60;
*54
'rL
Oct.
23 » 23%
95
: 30%
26%
55%
:
-
22%
■
93%'
*68
•
PRICES
Wednesday
per share
59%
25%
,28%
"
X
60
*54 >
54"*-v
■
SALE
Oct. 23
X per share
60%
HIGH
Tuesday
Oct. 23
.
X
AND
CHRONICLE
110
i,
14% Oct 23
15% Oct
24
26%
Dec
,
FINANCIAL CHRONICLE
THE COMMERCIAL &
STOCKS
hlob balk pricks
Wednesday
Oct. 24
Oct. 23
LOW ami)
Oct. 22
Oct. ?0
I per
share
38%
38%
38%
33 %
*42%
9%
107 v4
*42%
•51% '
106%
38'a
105%
19%
ftft
114%
116
.
5y#
:
4%;
41%
13
13%
13%
43%
*42%
24%
24%
24 y2
29%
21
20%
26
26%
26%
114%
35%
11%
*103%
46%
*106%
14%
*57%
15%
34%
•38%
22%
114%
114%
103%
34%
40%
35
41
35%
35 %
2.400
57 %
57%
15%
13%
41%
2.400
Consolidated
25
24%
10,800
Consolidated
30
30
>
29%
ft: 24% aft a; 24%
29%
26%
114%
26 %
104
11%
15
;
46 Va
46 %
*107%
107%
;:v. 57,v
15%
15 Vs
15%
15%
15%
32,800
Continental
35
35%
35 Vo
35%
35
35%
9,800
Continental
v
36
39
35%
38%
39
37%
38%
ft
*37
23
23%
22%
23
22
22 %
21%
53
53
53
53
53
53
53
17
16%
16%
16%
16%
16%
53. ft
53
*52%
53%
19%
62%
35%
*103%
104%
70%
,
19%
19%
19%
19%
19
62%
35%»
62
63
62 y4
34%
104%
:
34%
70'/a
9%
5
5
190
9% v
5
8%
4%
39%
38%
39 %
105 %
105%
105%
105'/a
5
4%
2,800
190
5%
24,800
39%
5
Coty
Coty
5,900
18
2') %
Jan
3;i
Dec
104% Mar 10
95%:
Jun
103
Dec
3%
Feb
2
5% Oct
19
1
a
4% July
.ft
Feb
25%
Jan
103%
Oct
2% Jan
5ya
Jun
26 Va Apr
7%
30% Nov
Jan
13% July
15
24
Jan
32%
Oct
28
11%
Jan
20 Va
Dec
25
18%
Jan
25%
Dec
26% Jun
15
12
Aug
27% Oct
15
14%
Jun
24
Dec
Feb
23
102%
Jan
112
Nov
36% Oct
6
8% Jan
5
19
12% Oct
20
8
104
Oct
Sep
>
19
Feb
7%
Dec
24
29%
Oct
Dec
10
Mar
10
50
2
32%
Feb
43%
Jun
109% Jun
106 y2 July 18
10% Apr
6
15% Oct
46
Jan
3
8% Jan
10
6
Oct
Oct
115
93% July 30
37J/2 Jan
21 ya
102%
30% Oct
108V* Jan 24
20
1
Jun
26
17% Aug 21
18j/2 Jan 20
r
—5
10
13% Mar
May
59% Oct
10
41%
Jun
2
I6V4 Oct
16
5%
Jan
9%
Dec
29% July 27
36% Oct
17
26%
33%
Jan
No par
No par
No par
29y2Jan
40
Oct
16
24%
Sep
Apr
31%
Dec
Jan
2
47% Feb
5
5
12y2 Jan
2
50
49'/2 Jan
16
53% Jun
16% Aug
9
y8 Mar 27
22% Jan
12
15%
Jan
25 % July
64% Oct
15
44%
Jan
57
Dec
30
37% Oct
11
61%
Oct
1
Electric
16
l
Corp
Trust
20
Co
2
Jun
101% Aug
25
f ft 58% Jan
182 y2 Jan
6
le¬
Jun
25
17% Sep
6
23% Oct
ss
30
—1
Corp
ft
52
.
100
Refining
Inc—
Internat
45
Dec
May 23
14 y4 Mar
2
series
Bank
33y4 Oct
109 %
7
25% Jan
Preferred
3,100
Oct
3
Co
5%
Products
Corn
510
10
9%
9%
5 '/a
Steel
Exch
42
24
No par
;
Fibre
preferred
pref
2!)%
31'/< Jan
Corning Glass Works common-.
5
3%% preferred
100
120
70%
69%
190
190
9%
of
Cornell-Duplller
Corn
350
10.200
103%
*103%
69%
69j/2
70
,
38%
5%
34
34% A
prior
Conv
4,700
19%
61%
103%
$3
Jan
17 V4 Jan
Motors
Oil
Copperweld
27.%
16%'Jan
5
210
Dec
1
16
Del
60
19%
103%
188
9%
53%
61%
34%
188
9%
9%
3,300
1
62%
34%
aft.' 69
x
186
186
ft
104%
104 1
16%
19%
19%
62
34 %
33%
70%
70%
186%
9%
4%
104%
70%
186
9%
35%
*103%
104%
186%
9%
70%
186%
'
53%
*53
..ft
62%
19%
35%
53%
*53
a"
'•
1
22%
53%
16%
53
16%
53
16%
53
22
53
16%
Nov
2C
39% Oct
35% Oct
.
20
No par
No par
Cooper-Bessemer Corp
3.500
21%
22 %
*16%
21 %
Feb
27% July 27
11% July 19
Continental Steel Corp
700
38
*37%
38%
Jan
8%
2
Continental Insurance
15
36
jan
Jun
24%
6% Feb
Inc
Can
2,400
57
15%
79
2
100
of America
Continental
15
20
33% Oct
45
19
25
$3.75 preferred
Diamond
200
57
56
57
Continental
7.100
Oct
1 % July
9: Va Dec
8
1
preferred
4,7l0
15
14%
Container Corp
$5.50
18%
24% Jan
pfd
Oct
Apr
19
13
Continental Baking Co
600
46%
6%
Jun
Oct
No par
Cuba
Dec
43%
101
Feb
.00
Sep
4% Sep
Gas
pfd-.
49 Yb
Jan
par
Consolidation Coal Co
10,900
Jan
Feb
%
116
2
12
,
i0l
Jan
2
3% Mar 23
Consumers Pow $4.50 pfd—No par
1.700
11%
105
Y
N
Natural
of
RR
37%
105
No par
of
Vultee Aircraft
conv
56%
,
35%
54
35%
11%
*103
107%
14%
14%
■
56 y4
56
420
45%
7
108
14'/a
5,400
*107%
47%
46%
107%
14%
Consol
1,600
25%
114%
35%
11%
105
*103
104
'
35%
35%
11%
11 %
11%
21%
25%
*21
114%
$1 25
1,000
114%
20
26
114%
35%
35
36%
,104
i 48
f 20%
■
114%
.
30%
20%
30
20%;.*
20%
26 Ve
21%
115
38%
62%
3.800
13%
41%
39Va
13
29 V2 Jan
No par
No par
5
24%
Deo
26J/4Mar31
1
13%
Feb
23
Dec
14%
24
Jan
93
17
2
28% Jan
Feb
1
17
2
Jan
80
97%
•
Oct
Jan
22
No par
No
42
.
"
23
Industries
13%
v;
/
2
5% Mar
J&n'
16% Apr
6
.
20'AOct
Aft $2 partlc preferred
Consol Laundries Corp
7,400
■
70
41% Oct
30% Oct
15 y4 Aug 31
Edison
Film
17
107% Oct
18
15
3% Nov
21
No par
preferred
41
39%
19%
$5
Consol
76
1
26
Coppermines Corp
Consol
900
20,800
17
52% Oct
No par
-
preferred
13% m ft
35
62%
27,900
5%
35%
Dec
9% Oct
A 108% Oct
53% Sep
108% Apr
No par
5
$4.75
Consoi
11,700
108%
35
.
42%
•52
*53
5%
33%
32%
108
:»-fc&.v V* ft:
34%
34
.
340
5% ft;
108%
108%
3,300
102 %
102
aft ft-v'SftxA :«%•
33%
-
30'/a
47
,
39%
39%
Deo
Dec
35%
July 30
Co
Edison
Congoleum-Nairn Inc
Consolidated Cigar—
13%
•
*106% \107%
-
33 y#
a 4%
Commonwealth
Conde Nast Pub Inc
,
102% 102%
'
5
5%
32%
33
108%
4%
24%
11%
14%
15%
35%
'
35%
47%
'
800
25%
104
107%
14%
17,200
44 V4
733'
13%
20%
11%
14%
15%
33 VB
44%
102%
43
26 %
104
47%
58
32%
43%
30
*106%
47%
108
33
27%
35%
Jan
Jan
par
$6 preferred series
7.500
115
115
Jan
Jan
47!/2 Jan 24
par
30
13
04
No
'29%
Jan
26%
25%
39
& Southern_.No
Solvents
Commonwealth
301,500
42%
24%
35%
11%
11%
7
Commercial
;
8,200
preferred
Jan
12%
15
10
No par
Credit
conv
11%
A
18
Jan
21
share
per
20
37% Oct
ft
l
46 y4 Jun
100
preferred—
4y»%
-i —• "
'ft 2
1%
114%
S2.75
Commercial
5,300
19%
19%
'
ft
A 400
x-
47 -Afti
41-
13%
114%
7-
52%
107%
32%
32%
34%
42
115
35%
35%
104
2,900
par
30
Jan
84
par
45%
*104%
•
.100
19
20
Highest
share
per
43% Oct
Vi 43% Oct
2
27
No
Pictures
$
46% Jun
2
90'/» Jan
Columbia
114%
4i y2
J——
preferred
4y# Jan
100
$ per share
50% Jun
Mar 27
per
No
Columbian Carbon Co. (new) _No
33
"
33%
'
Gas & Eiec—
preferred series A
100
52%
A
ft
6 %
•ft'ft 5 if
1,400
42%
108%
108% »
31
38%
'
29%
29%
29
•
4%
2.50
107%
107%
115
102 y.
2.50
Byt> luc ci A
tit a
8
Columbia
52.400
.; Ax 3.000
*38
-
41%
33 %
32%
21%
26%
29%20%
107 v,
38%
38%
5%
5
t
29
29
107%
35%
;
102%
102%
34%
13%
43 y4
24%
34
35
9%
108 %
9»/a A
9'/a
108
42'/4
42
a
;
43%
34%
-
43
Claee
400
per share V;
28
Jan 23
28% Jan
2
25% Jan
2
31
Mar 26
to
non-cum
Columbia
2,400
43%
43
32%
43%
36 j/4
108%
,*108% 109
4%
4%
5m
427/a
107
fy2$%
114%
33
35%
svi
33
32%'
33
108%
'
42%
42%
52-'"
52
52
v
48
47%
47%
107%' v *104% 107%
19
1
19%
19
19%
'
1%
2
1%
2
ft'"'
116
32%
102 y2
"
32%
108%
115%
*42%
35%
42%•
5%
'•
*104%
2
4It
4%
220
31%
*30%
42%
47%
19%
1%
43
*41%
*102>/a
33%
30%
Southern-.^—.,,.,100
1st preferred—100
non-cum 2nd preferred—100
Colorado
•ft
80
'
52
52
19'/a
33
35%
,
ftiylvlftfti:i,v!ftft.- ftft.. pi';;-.1v::
460
33%
33%
:
'
9
48%
107%
47%
115%
43
35%
41%
102%
5%
33%
30%
42%
'(1
*37'' ft (; 37%
107%
28
*104%
2
32%
43
102%
*51%
52
115%
32%
■F-
37%
Year 1944
Lowest
■
Shares
$ per share a
share
Range for Previous
ftftft.ftftx. NEW YORK STOCK ",ft7ft ft ft,.-ft Ran^e Since January 1
EXCHANGE 'ft
'
ft ft; Lowest' ft. ; A Highest
the Week
Oct. 26
■
48%
107"%
: 1%
i
43..*
>42%
■v
29
28%
V^.19%^19%.
2
41%
37%
29
*104%
110%
33%
30%
105%
37%
28%
1%
30 y2
33%
per
36%
107%
47%
19%
35%
9%
*51%
*104%
-
42%
9'/«
107
48
•42
ftft.
$
37
43
?
Oct. 25
share
37
.
107
38%
52
32%
31
106%
•27%
48
34
43%
9%
38%
28%
*37%
J
38%
34 -1731%
43%
43
9% '
106%
107
*10i%
34
30%
43'/»
43%
30%
42 y2
42%
43%
9%
107%
r38%
38 V*
*33%
32
42%
share
$ per
:
34
*30%
$ per
share
$ per
;
•
-
Sales for
Friday
Bwirdw
•
Tuesday
Monday
Monday, October 29, 1945
13
10%
28
47
106
Oct
71
Oct
49%
.12% Aug
38% Feb
19% July
13% July
Mar
52
15
52'/a
195% Apr
3
173%
Apr
10% Oct
15
5
Jan
5% Oct
1
3% Jan
25% Jan
Apr
22
1%
18%
184% July
7% July
Jan
1
Feb
105% Oct
5
Oct
20
2
25
July
5
2
2
Dec
48
Jan
4
Jan
Dec
5
Aug
'
38%
39%
105%
105%
105
105
30
30%
29%
39
105%
30 y8
29%
30
30
30%
30
30
*30
*37
37%
36%
36%
37
37%
36
36
36%
36 y2
*36
47
47%
47%
48 %
47%
48%
47%
477/a
48%
49%
50%
52%
23
28%
28
28
27%
28
26
27 y8
26%
27%
27%
28%
116
116
*115%
38%
105%
38%
38%
39
107
48%
48%
105%
105%
29
29
20%
20%
21
20
*145%
,
7
49
22 y«
20%
19%
20%
20%
20%
2CVs
20%
8.800
8,166
*145%
*106
154
•7%
8
7%
7%
277/a
a
28
*119%
v-v\.
28%
*106
107
37
"35
37
.ft:
7%
125 >a?
30%
30%
30
18%
18%
19
19 %
22%
153 y2
*150
73%
73
<73%;
•
■
g Aftl
22%
7%
7%
27'/a
•vr,:*119va
28 %
125
29%
30
18%
18%
ft.
28%
*l;y>/2
29%
21%
153%
74
28%
29%
125
107
23%
*73%
48
•35
153 »/2
■1
,
74%
73%
43%
46%
*106
;
153%
23%
22%
39%
*45
36%
36%
22%
38
38%
46%
38%
47
*45%
125
30
-
125
•119%
29%
29%
18%
18%
28
125
•'
26
15%
Feb
22%
Dec
37%
Nov
23
26
30% uan
16
28
106% Oct
1
.69
34% Jun
18
x22% Jun
14
16
Mar 26
30
29% Apr
5
100
105
No par
No par ft
(The)
—
Prior
preferred
Curtiss-Wright
Class
Sons Inc 7%
No
Dec
Feb
19%
Dec
Dec
Jan
Sep
13
26
22%
Jan
29% Mar
Sep
29
22%
Jan
30%
19
40% Oct
101
Jan
8
Oct
5
97
75% Oct
9
41
154
Dec
Dec
109% Nov
19
24% Oct
Mar 26
144
5% Aug
ft
llVa
Aug
140
Apr
Apr
July
61%
Dec
"
8% Oct
4%
Jun
17
14%
Jun
7% Nov
'
125
118
Sep 11
25% Apr
6
par
17
3oy8oct
5»/2 Aug 20
18V4 Jan
2
100 ft
pfd
Cutler-Hammer Inc_
112
89%
29%
108% Jan
2
122y2 Apr
6
59% Jan 16
1
Cushman's
10
2,100
9
Jan
Jan
43% Oct
31
Jan
Jan
20%
11%
51
10
July
28
-
No par
1
A
xl50
145% Jan 29
25% Jan
2
100
preferred
49% Oct
2
Aug 21
25
.
10
Inc
2
87% Jan
100
—100
Packing Co
Press
$7 preferred—
11.000
29 'A
29
Aug
rw,
ft
r">
117% Oct
Curtis Pub Co
35,200
29
125
ft
Dec
39'
107% Oct
4% %
1,000
8%
7%
77/a
28%
32
Feb
Oct 26
1C0
73%
73%
25%
Jan
27%
19
Oct 23
Cunningham Drug Stores Inc__2.50 ft''ft"
18,400
153
*150
73%
-7%
ri"- < '
;
;
23%
22%
23
Jan
18%
26
116
Cudahy
100
July
20
14
52'/2 Oct
41
i
1107
20
37
153
27%
■
107
*35
'>'•% .r-n
27% Jun
Jun
32% Oct
2
Jan
preferredftiAAIft-i2±~Nopar
Cuneo
700
*106
'
5
Cuba RR 67c
*145
*145%
39
38
107
l27%
♦119%
ft'"'
24
28% Mar 26
37
Jan
6
par r,
Corp
preferred—
preferred
Cuban-American Sugar—;
7% preferred
890
1C6
No
5%
2,100
28
48
153
G.OtytU
/2
106
27%
39%
74%
lo
74
27
38
22%
"ifi
;
105
26%
48
153
'74%
47%
104%
105
99Va Aug 22
2
No par
<fc Seal
41
$4 2nd preferred-———.No par
Crucible Steel of Amer
No par
770
27%
*145%
107
ft ft $4.20
(The)—
(The)
Zelierbach
Crown
100
Wheat Corp
Crown Cork
740
117%
27 y4
48%
107
107
116%
*104%
39%
*36%
46%
47%
107
%
39
38
107
preferred
Orosley Corp
7,800
5,500
116
107
*115%
common
Cream oi
7f>n
28%
105
*48
107
*152
46%
1.500
ft, 37
Co
3%%
700
30%
ft
20%
*145»/2
♦36%
107
116%
105%
105%
28
104
,
i
39%
*106
107
116
107%
48%
38%
;48%
-
<
11S
47%
49%
106%
28% >29
•105%
ft.'-
r
Crane
Oct
30% May
26
19% Nov
114% May
21 y8
7
127
Apr
Nov
28%
Dec
D
"
45%
45%
46
*37
42%
43
20%
*111%
44%
,.
13
13%
13%
24%
24%
24%
74
74
:
43%
12%
13%
24%
24%
,
;
74
*70
*70
62%
62%
41
41%
41
65%
41 va
45
45
45
45
24%
24%*
24%
76%
24%
y«
a-75%
-
76'a'
41%
77 %
*i06y4
108
*106%
107
*37%
38
*37%
3*
48%
*48-
•48
26%
-24%
.
:
*io6y2
108
1
.
48%
48%
-
48%
27%
27%
27%
27%
25%
25
25%
90
110
115
92
89
153
,
154
*151
•114%; 115
-
115
30%
30%'
30%
30%
•19%
20%*
20
20
3oy2>
31%
18&
185%. 185%>
126
'
*113%
•n?% 114%
7
90%
154 (ft1'
25
;
30%
19%
31%
30
(183%: 186 i v
«126% 126%
114'a
114
•
89 yk
,
'
*113
57% Jun
18
34% Jan
50
114%
114
127
ft 114 1
ift
11
52
Feb
25
29%
Jan,
33
Aug 20
41% Oct
20
28%
A 46% Jun
28
ft
36% Oct
22% July
I;
37%
.No
Diamond
Diamond T Motor Car Co
Distil Corp-Seagr'a
6%
,
Match
partlc
par
preferred
23
,—
40% Jan
J2
16% Jan
2
>38
Jan 22
5 °fr
Ltd-
No par
;
100
Dec
ft
Aft a 65 v
41 y4
Oct
A
1,300 *
2,000
ft 47 ft Mar 20
50
Oct
25
preferred series A
114%
& Co
1st pfd——100
2
29% Oct
26% Feb
,
-
■
v
■'•••
ft
(113
v
Oct
6
ft 47'
106%
Jan..
a8%
11%
(
Oct
-117
'
Mar
Sep
49
Nov
1
72 Mi Nov
ft
131
>
Apr.
JuIy
27%
v
Apl*:
32
.
Dec
20%
May.'
20
Oct
Jun
192% Oct
129
: Feb;
f
9
105
Mayft
114%
21% Oct
f 20% Aug 24
155 ft Jan (2
125% Jan
21%
18
ft 33%
Sep
■
23 v
17
A115
6
"12 ft Mar 21
'
43% Jan,
10
Dec
;
17% July
38% Dec
Jan
95% Jun
4
A110% Jan ft 2
1 Apt
15%
154% Oct
65 ft Mar 26
ft,(; 27
.1
20
A
2
122% Jan
No par
—
Duquesnr Light 5%
170
;
r;
par
No par
(EI)
$4.80 preferred
x
Jan
22'/4 Jan
par
N5o par
——5Qe
International—
Jan
18
_3
ft Duplan • Corp————
300 ft?
Apr i
No pat
4,200: v5 Du. P de Nemours
;
(95
9
Dresser Industries
Dunhill
Feb
16
Chemical Co: common—No
$4
ft
ft
X27%
Oct
105
No par
300
19
Mar
Dopglar Aircraft—
Dow
Oct
Oct
35%
,42
Jan
39
No
'
-
13%
109
Dome Mines Ltd
8,000
178
Jun
5
25
Doehler-Jarvls Corp
71,600" ft
26% May
ft) 17% Mar 26
Class A-
280
4
Co common——No par
preferred
Dixie Cup
f
Dec
9% Mar
21%
■
38% Mar
No par
4,600
30
45% .Jun
ft
Jan
Oct
Reynolds A
6,800
128
ft ft.
Jan
Sep
100
184 %
13% Nov
Jan, -Aft
18%
16
69
8,100
114
24% Oct
75
19%
*126%
ft
17%
ft5%
16% Jun;25 'ft
2
Jan
31
30 y4
183%
184%
*126
19
77/a Mar 29
21
23
114%
30
29%
-183%
125%
Aug 21
Jan
29%
■
Jan
Jan
19%
i
Apr
67
900
91%'
*114
30%
20-
*18%
29%
Apr
17%
17
20
6,800
151 >/4
ft
36%
32%
26% Oct
27%
90
15-1-
Oct
22
24% '
*24%
.
U
-
114%
29%
19 %r
>
-
152 --ft
41%
36
'".'52 -ft"
27%
1
90 y2
152
30
1257/a
114
27%
25
Jan
Devoe Si
37%
*50
50
27%
183 7/a
7183
114
49%
Apr
21%
39% Mar 29
34% Aug 22
,
Jan
Detroit Hillsdale & 8 W RR Co—100
107 % *
37%
Oct
113%
48
100
& Western
1,000
500ft
75
*106%
37
24%
ft>
29%
29%
>»:*
j
:
■
7
7;
..
107%
36%
16%
Dec
May 5
47% May 5
38% Mar 26
par
Edison—
Detiolt
3,200
'
45%
724%
74%'
Jun
109%
;
'
Delaware Lack
10
41
"
Jan
13%
15
9,340
67%
24
6%
18
10
No
Preferred
Delaware & Hudson
ft
10,600
74
ftV-7<45%^
75
*106 %
:
114%
>19
•
74%
151%
ftft ii4%
115
19%
41
v
9
5
Oct
Jun
113
20
Co
&
8
13
A 33
'■
91
89
Va
23%
1
23%
'
66%
-
4,900
14,600
24%'ft
*70
,
*45 y2 >46
27%
150
41
41%
46%
24 y.
27
30
31%
197
41Va
'
24%
.
29%
}
128
*126
ft
x
■i
.
75 y474%
106%: 106%
37 y4
371/*
48% 1
48%
37%
25 y4
154
30%
78 Aft
37%
'■:?
24
43%
13
24%
69
Deere
1
Deisel-Wemmer-Gllbert
300
12%
74
ft-
64%
1,700
19% Jun
ft 22
16 y4 Jan
108 Vz Sep
100
Decca Records Inc
12,600
38%
42
'•
13%
*70
45%
pfd
12
12% Jan
8
(The)—1
—
Dayton Pow & Lt 4% 7#
1,300
26
24%
74
*45%
:
42
12%
64%
*40%
-
25%
*152%
126
41%
24%
27
90%
88%
.
*70
.
.'ft
44
44%
38%
26%
1ft 24 %
■
ft
38%
45%
41%
13
24%
62%
46
76%
42
10
19
44
38%
-*257/a
12%
5,200
112%
45
44
-
25%
41'/a
.
24
38
21'A
*111%
21%
'ft
Davega Stores Corp
Davison Chemical Corp
700
*18%
20%
112%
43%
24%
...
74
46
v
4541-
25%
65%
63%
43%
<38
.
26%
42%
13%
24%
6i
38
21
*111%
44
46%
38
21%7
112
43%
i
*25%
43%
42%
45
•
45%
37%
27
*26 y4
25%
21%
112%
46%
37%
38
25%
21%
46
46
46
19
.
*111%
111
111
112%
*44%
21%
21%
21%
21%
♦111
19
r
f
Jan
^
113
Aug
*'
251
17 I:
19 '
•
Fell-
9
137
Feb
1
123%
Juiift
6
113
Dei
A
-.'ft-
'
ft
•
A
ft
■
20%
f
^
"i.
14% Nov
'
Dec
•
162%: Jun A"
;
128%
1
'
i
Dec
120% Jan-
....
.18%
85%
-123%
24
•201%
85%
.
86
18% : 18%
19 ft
84%
203%
186
187 "
86 pft,
ft
85%
93
S3
202
185%
18%
:;
24
•23
.
204
105%
18%
18%
18%
r«5 y«
S3
r
22%
23
■<
201% 201%
•197
200
*64%
65
64%
64%
65>
35%
35%
35%
35
*197
>
105%
•109
105v4
♦104%
32%
mi
104
•31
32%
30%
•109
110
-#io%
03 %
"17%
110
109
ioy4
64%
17%
17%
5%
5%
ioy8
64%
17%
15%
io
64
"
5%
5%
16
16
148%
147%
iey4
148
•130% .138%
136%
137
17%
-
148%
5%
15%
109
f% 51
%
23
r-22
.22%
*76%.
'105.
80
105%
"Pw footnotes
'
6%
!
136
136
50%
46
22%
*76 y4
'105
see
23%
22%
80
'
10o%
page
2035.
'
22%
'22%
*76
105%
105%
62%
,
-50%
21%
:ft
.
;
v
X ■:
28
A
•
'ftft ' 30
63%
1,200
45%'Ift
6%
105
*104%
3l%.
'
-
,
700
110 "
.
4y4%' preferred_l_;
70
Ekco
10%63
f
18%;
136%
'•
5%:
•
•
17%:
148%
22 %
22Va
78
'
105%-,
Boat.—•—
Elec
3,800
141
51
45
-
A
ft.
..
.
22 y8
23% ft
??%
?2y4.
50% ft 51
76%
*105
44%
•
VY
fy'
76%.
105%
.
23
.22%
•74
...
*105
—lOO
f,i
17
1.500
r
2.100
:
44 % f
3%fft,
22%t
78 y8;.
105%
2,400
200
-
20
Mus
Ind
—
'
3
Am
shares
—;
-
*6
:
.
Pqsi
Storage
.
__3
Emerson -Electriq Mfg Co_i
—ft-*
Emerson Radio & Phonograph
5
?ndlcbti. Johnson Corp—
.Aft—50
.
4*t
nreferred
—100
Jan
14
ft
<
3
;
7:
3% Jan
2
103
>
,
Jan
Jan
43% Aug
■
106 Va Sep
110% Oct
26
,12% Mar
17% Oct
195 ft, Sep
52
Dec '
Ji.n
A
8%
Oct
•
10
"
Dec
15 %
V
45%
15%
Apr
-
Jan
3% Nov
.
6%
Sep
1
Aug
Dec
Oct
5%-July
81 %
20
Apr
114
78
26 •
Apr
103%
Dec
47%
July
-
39 y4. Apr
*27%
48% Oct ;15
15
.
Dec
34% Nov
Feb
22%; pec
;
Sep
18
"57%
Jan
6¥%
Dec
107 1. Feb 26
101%
Jan
108%
Jun
29MrJari 18
25
ft 78
Mar.
Oct
6
'
;
ft ?
Dec
;
24%
Dec
Jan
'ft-3%
Oct
20
J'/n
>
37%
i
51
Mar 26
Sep
26
141
.
103
ft
-7% May 11
3
<.21% Aug 20
20 y4 Mar 27
178
•
l r
ja
Fib
"
ft 16% Miy
(
ft|;
Dec A j
4
152% Oct 17,
8 ;
25%
11
3
34% Mar 21
62
41
>14% July
41 Dee
Apr
175
2
35% Sep (29 ft
x32% Oct
•
P<b
Janl
6%
157
65% Sep,
7«
20ft ft .18% Oct 25
4% Aug
ft
109
Batteryj-.-No par
Gas
26"
19
Jun 7 2
66% Oct
Aug 27
8% May
42% Jan 20
.5
—
ft 200
ft-
17"
July 24 ;
106
1
15
Sep
24
Light,
No par
preferred——.^ft—ift.No par
preferred
ft
No par
Electric
1.000:
14,800
8r
ft
(The)
8
Oct
33
Oct.26v
207 ft Oct
>
227
Jan
104*
Electric Power As
2,200
■
21%
Auto-Lltc
Electric
30,500
152
138%
137
51
*44
-
46
i
Nut CO;.
Electric
7,500;
15,800
'
148
49
21% Jart
.
:_5
preferred ——ft
Elastic Stop
4,200
;
(
Jan '
10%
6
94
28 '
v'
'
ft
__l_.—.100
Products Co——
4%%
510
.
4
ft
July 30:
185
100
;
"
10%
62%
ft
ft
preferred
170
"
1.700
110%.
110
16%
ft'ft'
(A
32
22
26
ft
Edison Bros Stores Inc common^.—2
*
31%
cum
Eaton Manufacturing Co..
19% Oct
22
Jan
18 y4 Jan
Eastman'Kodak (Co———No paf
199%
,
ft, 39% Jan
J
Eastern Stainless Steel Corp
63%
*34%
•13'
Co—
Kastern Airiinea lnc—
3.400;
,
199%
:
Eagle-Picher
4,800
10,900
1,700
;
205
...5
17%:
17%
*5%.
5% '"..ft;
5%'
15%
16% .ft •" 16
-
>;
94
.
ft 200%
ft ft
ft
63
147%
78
*105-
ft
35
63
92%
17%
135%
.
200
.
19 '..ft/19
25
198%
~
50%
44
•
ft
5%v
15%
147
.
23%
4°
17%
135'A
t
22%
17%
5%
•
78
ft
10
146%
51
46
31%
64%
15%
•
147%
50%
110
10
i
-■xv
10«? r,..
ft
62%
:;r
16%
147
47
23%
.
*109
<
-17%.
47
47%
35
31
•
10
.64%
50%
»/♦
62%
105
31%
'
♦193
63%.
35
30%
105
10
-63%
198 '
35
*104%
•ft;y r
3.: 24%
63%
:
.19
91 .ftft .93 .ft
24
200
35
•105 %
18%
ft
.
ft.-'
'201
-
65
*34%
-198
..
*
,
«
'
i
i
;
Volume
162
Number
4433
THE COMMERCIAL &
FINANCIAL CHRONICLE
NEW YORK STOCK
Saturday
,
4:!-;.
Monday
Oct. 20
Oct. 22
$ per share
ii
30%
*
-
;
31
29%
30%
101%
101%
103%
103%
'"\:J 103
103%
104
103%
103%
>.-•
104
2% -
17
79%
2%;
17%.''
2%
.
17%
79%
92
101%
14%
14%
22
22%
52 34
54%
54
54
6%
6%
7
;• 7
V
92
14 y2
,
3:
.-
7
54% f;i
14,400
102
102
V
105
!
"70
104
*104
106
V
2%
2%
16%
17%
78
78
79 •//
92
*893/4
14% •■'•14%'/
52%
53'/4
,
21%
14%
78%
/
15%
22%
.
$5 preferreo
$5% preier-ed—
$6 preferred.
24,900
lEquitaole
Erie RR
/•;'(■■
Range Since January 1
Lowest
Highest
7%
No par
——
Bldg—
No
par;
par'
Eureka
Vacuum
1,600
Evans
Ex-Gell-O
900
Cleaner
Products
CO
86
9
—...
Corp
3
2.50
—
Exchange Buffet Corp
60
60
61
61
61
61
60
60
31%
31%
61
32%
61 y8
31
32
15V4
15%
32%
15 y2
31%
15%
15
15%
30%
31%
31%
31%
15
15 y«
3,900
Fajardo Sug Co of Pr Rico—20
22%
23 V4
23%
15
23%
23%
y 15%
15%
23%
10,300
243/.
Farnsworth Televis'n 8s Rad Corp.l
*109%
111%
•109%
111%
*109%
24%
15%
25
109%
109%
109%
109%
40
40
40%
12%
45%
46
40%
28%
28%
28%
12%
12 3,i
12%
12%
12%
45%
105%
30%
30%
;
62%
623/4
>•61 %
67%
681/2
107
*55%
42
9
24%
24%
69
37
37'A
19%
20
30%
61
•54
32%
'31%
109 %
49%
42
8%
70
71%
1,800
36% '"36%
2,600
26%
26%
26%
170
207/»
20%
21
20%
26%
20%
20%:
203/«
6,300
20%
139
•64
"135
42
64%
•
139
41%
41%
65 7
63%
148
►135^ 139
42
144 3/4
63%
146
9
63%
145
146
9
9
8%
23
233/s
21%
21%
11%
■;.:7 7%
*71%
12
32
•32
*66%
67%
59'/4
113/4
V
59%
11%
183
23
.
144
47%
48%
48
50%
503/g
50%
50%
34%;
4%
*129
1293^
115%
73%
743/8
*126%
1273/4
20 J/4
20%
30 Va
30Va
15%
15%
28
28 V4
145
48
48
,
5
160%
.\.,i 47%
105
37%
37 V4
54%
541/2/
6 s/8
127
126%
% 1263/8
126%
12754
20%
20%
20%
203/a
20%
2,800
32
31
313/4
315/4
31%
153/a
31%
15 %
31%
16%
15%
15%
15%
15%
,
15%
126 y8
110
*109
3%
38%
4
3%
•
•138
142
28
*138
27
-^27^1:1
27
121
142
27%
27%
27
*14
34%
*33%
34%
*104%
107 %
107%
107%
34
33%
,
22% '
i 21%
*101% 103
38
*154
,37/':
56
6-/8
6
160
*154
107
;
•102
♦102
35%
37%
36%
56%
•54%
160
•154
,
*154
35
34%
34%
33
34%
33
72%
73%
71
72%
69
71%
69 %
70%
*102%
1033,4
102%
1023/4
102%
62
103
62%
114
*111%
■
'/a
*32
29%
9%
9%.
9%
-5%
5%
5%
32%
32%
32%
19%
19%
30
107
*29%
5%
19%
30%
107
-
9% '
5%
32%
29
?<
32
32
18%
19%
31
109
*106
59
60%
58%
59%
.57%
33
33
32%
33%
33
33%
32%
170%
/
*71
72/;.:/
68
27%
71
271/2
27%
40
y 7%
*69
7
27%
40
7%
*82%
69
*107 > ; 110
110
39
■169%
71
•68
68
*107
171
*169
•'/
84
-
7%
83
78
59%
V
25%
78
39
<■/
83
24%
"
*107
7
7%
*169
'v
72
70
67%
27%
40%
26%
73/4
383/4
7%
24%
77%
77%
53
59%
*3S'/4
37
>
:;
^
303/4
:
*107
18%
3,200
100
19
5,400
58%
58
59%
/
>58%
59%
14,800
33%
32%
32%
:
32%
33 Ve
3,000
170%
170%
70%
*69
72
171%
i
■
72
*99
-
171%
:
50
100
■
67%
27%
■
67.
26%
*106
39
73/4
83%
39
7%
68
67%
:■■->
26%
27
•106
109%
40
40
7%
73/4
69 V
27%
2,100
14,000
109
41%
3
100
11,300
7,100
24%
7,000
75%
800
583/4
59%
58%
59
58%
59%
58%
59%
6,300
'
35%.
35%
•34%
36
Hackensack
36%
•90%
36%,
•36%
36%
Hall
not>
26%
152
page
25V2
*147
.2035.
'
10/
20%.
109'
-
107
25%
•14/
?oy<
109%
♦105
26%
152
36% : 36%
25%
,152
109
•105%
84%
•147
Gulf Mobile & Ohio RR
99
.
Gulf
preferred—
Oil
Water——
Printing
Col
20%
108%
Hamilton Watch Oo.
108J
107
107
108
Hanua (M A) Co 64.25 pia
20%
25%
152'
24%
•147
25%
152
-
4%
eonv.
-No par
-No
par
29
Corp
20%
109%
*
24%
130
Ore Prop—No par
—
75%
37
'
27% Aug
Jan
53%
70 y8 Oct
26
57%
38% Feb
lioya Mar
3
60
Oct
10
33
Va Sep
19
Deo
Nov
Dec
Apr
109
Jun
35% Jan
44
Aug
103%
18% May
26%
Jun
34%
Jan
42%
24%
Jun 27
Oct 10
Deo
Dee
Dec
8% July
26
'•71% Oct
26
Mar
9
33%
16
Nov
Dec
53%
Jan
69
41% Jun 15
16
Jan
29
<
Dec
27
July
20
Jan
25%
Dec
21
Oct
13% Jan
17%
146
2
24
9
May
70
Oct
26
66 3/4 Oct
10
Oct
8
9% Sep
19
34
Jan
5
42% Mar 26
46
Jan
17
150
2
2
29 Va
Dec
36% July
Dec
44%
Jan
103
Sep
135
Jan
30% Jan
116
Sep
7
Apr
July
preferred-——
Harbison-Walr Refrac_
6% preferred—.—;
2%
Jan
8Va Oct 26
2%
Jan
19% Oct 18
12%
Jan
24yaOct
15
16%
Dec
18 %
Dee
22% Oct
Jan
6
Apr
6
Mar 9
Feb 16
10
15%
Sep
18%
Jun
May 16
62%
Oct
66
Nov
76
5% July
17%
Dec
2
12
19
4%
Jan
7%
Dec
2
2
33
Oct
17
13 y»
Feb
23%
Dec
Jan
67
Oct
15
51
Jan
58%
Dec
22
19
Oct
17
10%
Feb
16%
Dec
109, ..Oct
11
.'Oct
3
41%
Apr
54%
Oct
ll3/4Oct
6
9%
July
Jan
Mar 21
;Jan 22
3% 3a,n 2
147% July 27
' 25 Va Feb
1
53
July 27
102
Apr 20
48 .July 27
107 y4 May 19
.
/
12% Mar 26
5% Jan 2
4% Jan 2
3
J8% Jan
14 Va Jan 23
25% Sep 18
10?* Sep 18
14%
46
28 Vs
161%
Jan
2
14% Mar 27
58
Jan 23
49%. Jan 6
33
2
Jan
20% Jan
2
IRV* Jan
103% Aug
106
Oct
18% Jan
152
60
Oct
2
.
2
22
12
6
Oct
7% Jan
143
Feb
6% Jan
183 Va July 30
26% Jun 15
1
4%
11%
161
81%
16
Oct
25 V*
Oct
5Va Oct
Nov
43% July
Dec
3% Aug
Sep
140
115
>
Mar
Feb
Nov
134%
51%
66
128
6
Sep
130-
Mar
July
130 Va Oct
6
125%
Jan
19
4%
Jan
13% July
Oct 23
18%
Apr
23% Jun
20% Oct
16% Oct
39% Oct
Oct
11% Aug
6% Jan
8
1V4
16 Z
19%
Apr
Apr
Dec
31%
Nov
124
4%
3y4 Nov
7% Oct
Nov
2% July
Apr
112
5
107%
Oct
106
110% Sep 10
4%'Oct 18
•
40%
17
75
140
Deo
Feb
11
Mar
115% Oct
32
155
2y4 Feb
Sep
22
134
29% July
Apr
Feb
.40
24
523/4 Aug 29
124
Jan
Dec
Dec
35
23'
160 Va Oct
22%
140
May 31
49% Sep 12
172
51
Dee
7% July
Jan
36
Nov
19%
Jan
28
145 Va Oct 25
13'/a Oct
37% Sep
Jan
pfd—No par *
Aug 20
Great Western Sugar
No par
Jan
2
r Preferred
.——100
Mar 16
Green Bay ft West RR
—100
64
Jan 20
Green (H L) Co Inc
1
52% Jan 25
Greyhound Corp (The)——No par
22% Jan 2
4%% preferred^—
—100
; 104% Jan 12
Orumman Aircraft Corp
1
28% Jan 24
Guantanamo Sugar common——1
5 % Mar 26
$5 conv preferred
No par
82
Oct 18
24%
*82
'
-
No par
Great Northern Ry 6%
75%
•82
9
Steel
Great Nor Iron
83%
106
30
109
*107
No paf
--1
-No par
Grant (W T) Co————5
3%%
preferred
100
24%
106
see
Granite City
75%
108% 108%
•147
Grand Union Co—*
24
107%
152
1,800
/
"•82
107%
For footnotes
6.300
3,100
32%
19
Gotham Hosiery
76%
106Val06>/a
•147
31%
'
—
Graham-Paige
24%
37
26%
18%
29%
1
Motors-^—
Granby Consol M S & P
18%
36%
26 Va
32
18%
900
49,800
75
20% ; 20%
25%
32
109
//
:
5%
23%
36%
107
30%
If 9%
5%
200
r
77
36%
*105
;
1,200
4,100
25
20%
,
6,800
/
62%
9%
No par
50
Co..—100
10
Goodrich Co (B F)—
No par
$5 preferred
;
——No par ,
Goodyear Tire & Rubb—
No par
$5 convertible preferred—No pary
59%
•36%
f; 37
30
preferred
Gold & Stock Telegraph
'
76%
-
37
<
5%
Goodall-Sanford Inc
Co
conv
24%
7
V'
v
20%
37
*'
.
:
(The).
2,100
No par
No par"
No par
No par ;
preferred
83%
20 Va
37
•20
18%
,
9%;
preferred
GUdden
160
*113,,/; 115
30
s
$4.50
83%
1
24%
108
Jan
26% Oct
106% Apr 27
26
Jan
2
107
Jun 15
13 Va Mar 27
90
Mar 9
21
Jan 23
96
Sep 6
25y4 Jan
2
52% Jan
4
5
tGoebel Brewing Co
18%
IO73/4: 1073/4
110:
/
:
18%
171
69%
«'•
68
18%
169%
26%
'
40%
7%
19
18%.
5%
*30
:
31%
108
18%
59
170%
9%
"
-.100
Rubber Co
Safety Razor
conv
iVa%
33%
62/;
;
$5
&
Tire
20
preferred————.-100
9,600
7C% ,'71%
1023/4 103
62
*29%
'
55/a
;
No par
Corp_-No par
preferred
3,300
,
No pur
Corp—
Gimbel Brothers
200
?
6%
33%
112% 1123/4
..
9%
19%
*106
61
29.
5% ':■
18%
19
61%
113
,.*9%>
.
58
18%
103
32
19
//■of/
107
60%
113
30%
>
32 '/b
19 y$
*102%
V
62%
114
9%
.29%
30
*106
30%
,
103
62
*112
30%
*30
5
1023/4
62%
114
Gillette
400
,56%.
6%
333/8
4V4%
5,700
36%
36%
General
18.9C0
105
Telephone
Gen Time Instrument
140
38%
•55
*154
35 1 v
72%
General
3,200
22%
:
*102'/8 104
160
34%
613/8
Jan
17
17
13
16
22% Jan
2
9V2Mar27
106% Feb
7
'
1% Jan
3
28% Jan 24
123
Feb 10
3% Jan
3
21
Jan 23
19
Jan 22
99
Mar 29
25% Mar 29
27 % Aug 21
Railway
4 V4 %
32 n/4
213/b
6%
72%
590
107
37%
56%
6%
"«%'
160
1,600
107%
32 %
102%
363/4
6%
27%
•104%
*102
363/4
2,500
700
37%
*54%
:,V„
%
55,700
34%
21%
al02'/8
104
L,
33%
104
35%
.
34%
*1113/4
93
45
63 V\ Oct
Dee
Dec
583/4 Mar
10
10c
Signal.
No par
6% preferred...
—100
Gen Realty & Utilities———..10c
General Refractories
No par
General Shoe Corp
—
;'l
Gen Steel Cast $6 prefeired—No par
Gen
/r 1,200
-
Corp
$4.50 series A preferred
Gen Public Service..
3.800
/.
121
107
par
20
1,200
32%
par
common_.No
Gen Precision Equip
343/8
107
21
101% 103
343/4
120
32 %
21 5/8
38%
*54 %
*104%
33%
107%
:. 20%
,
56%
6%
6%
118V4
107%
33
:
104
*100
'
107%
35%
35%
>
104
*104%
33%
108 %
22%
102
36 V2
119
108%
,•*
108%
37%
160
118%
.——No
preferred
Outdoor Adv
General Printing Ink__———1
.27%
27%
—*—lo
Motors Cory
4,900
7Ve
7
7%
.—100
preferred——-—100
conv
/
37
*138
142
:
Corp——No par
No par
2,200
3%
37
Foods
I
109
3%
37%
63/4
27%
119
27
27
109
3%
36%-
7V8
27
28%
.
110
3%
:
142
63/4
$5
Gen
'
38%
•138
73/8
7
*109
3%
38
General
'
110
♦109;
38%.
.-
'
..No par
preferred
3%%
900
20
31%
7%
5%
120
20%
72%
/
34%
*54%
:■
32
22%
5% May
114% Jan 22
27V2 Mar 20
153
Oct 17
37% Jan 24
40
Feb
1
3% Jan
4
134% Jan
4
43%, Aug 23
127
Aug 20
1143,4 Oct 25
62
Jan 22
' 125
May 3
.———100
——No par
——100
$6 conv prefeired series A-No par
General Mills common—-No par
39.3C0
127%
71
*33%
*100
Jan
22
Nov
43% Aug
11V4 May
6
19
Gen Gas 8s Electric A...
800
72%
20%
'
General
2,300
114%
357/s
21%
•
48
129
1143/4
•://„ 71 s/8
Cigar Inc
preferred
7%
5.7C0
129
preferred
cum
General Electric Co—-
82,900
/-/; 270
1293/s
27%
/ 119%
34 Vo
36%
7%
*23,200
50%
// 5
50
Bronze Corp..
General
110
47%
*159
V:.-'
48
340
160
467/»
——
——
700
126%
72%
5
No par
....—.9
2.000
34
733/8
71
——
preferred,
$8
34
145%
333/4.
34%
102
36J/2
General Baking—
10
33
4 144%
34%
22 3/8
7,200
General
34%
21%
10% Aug
18
1043A Apr 18
49
Jan 31
8% Jan
2
160J/a.Jan
2
17 V* Jan 22
General Cable Corp——.—No par
Class A
——-No par
*34 Ve
33%
1,700
11%
182
4,600
34%
108 %
Jan
12 % Jan
—100
-8
3,400
35
104
.
71%
27%
•104%
5
26
23
58
-1
Investors——
Amer
$4.50 preferred
————
Gen Amer Transportation
;
1143/4
1143/4
Gen
15,800
12
34%
107%
34%
24
26
7% Jan
—1
22%
160
•129
48
20
113/4
34%
108%
27%
Apr
Jun
4 Vz Jan
A o par
—No par
Co
59%
ISO
5
160
(The)
»
51 "
43/4
160%
160
•47
Co
*181%
47%
X50%
129
120
*33%
Aug
Apr
413/4 Oct
16
14 y4
163/4
66%
Gaylord Container Corp—
9
5Ya% conv preferred—*—,—50
80
110
11%
,
160
47
115
28
120
.
;
2(1
$3 preferred
Gar Wood Industries Inc
600
Z
18%
59 3/4
34%
*156
43/4 /',:5'7/
5
145%
*34
/
.
129
142
108%
*152
158
115
38%
1.
183/4
6%
15,400
32
34%
36
6%
/
4%
31%
*27
34
105
Jan
19%
10% Jun
-113
No par
1
Galr Co
70
66
33%
v 144%
33%
33 y2
157
SO3/*
20%
28
120
*100
113/4
323/4
129%
7% :/
27
-y 11%
49%
128
•138
.
Deo
17
107% Apr 18
33
Oct 10
6V* Jan
1
—100
22%
22%
11 3/8
73
£ 142
Gardner-Denver
31%
23
22 3/4
113/8
7156% 156%
15% ^ 16
110
*109
-
7%
100
Jan
17%
Jan
Dee
14%
2
118
10
;
22
34 %
Gamewell
1,900
11%
11%
113/s
182
473%
4%
7
>:
33
143
2,400
,73%
*109
33%
157
1,300
*63%
593/4
*i8iy2
115
38%
14%
Dec
47%
59y2Aug 20
Jan 24
25
Jan
4
14
Apr 10
No par
(The) ol A—
Inc (Robert)
preferred
2,100
32,300
24
72%
;
:
723%
12%
47%
30%
38 3/4
*
Jan
9
46% Oct
25
_2B
Co
44%
33% Jan
2
May
13% May
53
Dec
7
32
110
Dec
8%
6% Mar 20
10
_io
Gabriel Co
8%
213/4 Z22/"K
:
,
110
11%
182
129%
20%
112
113/8
-
46 3/4
74 %
128
.
-11 ;
115
74
Trailer
Oct
Deo
47%
9% Jan
17
42
17%
Jan
2% Jan
21%
110% Oct
15% Jan
preferred
8%
//•■,. 23%
18%
59%
129%
3% ,/ 4
101%
182
593%
115% V
115V8
4%%
19%
.
73/4
19
.
66
*109
48%
48
*129
.
111
7 50% .,.51',7
>
15572
*35%
11%
183
47%
5%
155 %
♦109
59
157
5
7V.
593/4
34 y4 i
157
160
*104%
111
142%
48%
*35%
18%
33
144 %
157
*33%
18%
23
34%
119 %
18%
•c\
156%
27 '
19
\':S 11%.
34%
*115%
31
*63%
12%
•47%
31
11%
*182
1563/4
47%
11%
73%
11%
65%
33%
.'</
*72%
73
31%
23%
34%
21%
31%
33%
143%
23%
213/s
11 %
12
12
341/4
23%
65%
11%
183
23 y«
11%
34
*72%
59%
.
11%,;
•182
233/B
213/8
12
*109
8%
19 Ye
67%
18%
111
59%
9
73/4
'
183/4
32
*66%
19
18%
73%
9
7%
32
32%
67
•109
Fruehauf
July 20
Jan
4
Apr
9% Apr
5
25
1
Freeport Sulphur Co.
580
21%
75
Francisco Sugar Co
1,200
63
141%
'
73/4
19 y8
11%
*31%
18%
7%
18%
'
*63%
111
I
141%
63
144
13
28
7% May
24
Machinery Corp
Corp
6% prior preferred—
10,200
84% Aug
13% Oct
Oct
2
30 y4 Feb
F'k'n Simon & Co Inc 7% pfd—100
46
70
Feb
47 y2 Jan
Food Fair Stores Inc
139
44%
63%
143
:
7%
19'/a
*19
73
11%
*135
443/4
*62%
;
V
9
•
21
21%
.139
42
Jan
6%
"
9
•71%
*135
■'42/7,
46%
78%
,
16% Aug 28
2
16
107
41
par
Dee
Dec
24% Sep
9% Jan 22
28 % Jan 23
26
Dee
1%
7
57% Apr
5
22
14
12
25
Jan
Jan
Jun
-
5
Jan
Dec
Apr
15% Jun
7
42% Jan
23% Jan
10
Foster-Wheeler
26%
84% July 11
——100
Food
36 V4
22%
142
Corp
preferred
107
%
9%
18
105% Apr
No par
Steel
conv
693/4
•146%
21%
*138
1,600
5%
36
41%
73
/
26s/b
Follansbee
Jan
89
53 Va Mar 26
/
r
par
—No par
No
92%
22
61% Oct
50 / Jan
com—No par
Florshelm Shoe class A„
;
80
693/4
21%
*38
500
3,500
36'/«
23
*109
'/
9%
67%
25%
t:
(The)
69
23
4%
41
8%
67 %
■
68%
Co
July 12
2% Jan 20
20% Jun
2
21% July 24
100
No
NwV
33% Mar
103
—.25
—
$4 preferred
/ Florence Stove Co
35%
23
•47%
200
26%
!
*22 Vs
*154
9%
270
50%
^0
42
683/4
Fllntkote
6,600
109%
26%
36
26%
20%
7%
143
32%
32
109%
*50%
50
36%
37%
26%
%
1
Stores
26 %
19%
23
^
preferred
First National
400
26
7%
11%
31%
109
,
■/; 83/4.
■:
4%%
500
56%
,
10
;
Firestone Tire & Rubber.—
10,100
107%
56%
Corp
Dee
105
27
23% Jan
'
•40%
83/4
70 Va
69%
*107
Enamel
26%
19%
*182
69 3/4
4%%
Ferro
Fidel Phen Fire Ins N Y
900
68
'
;
■y
2,800
,
26
7%
59%
300
61%
25%
8%
18 J/2
V
31
61%
71
19%
*109
No par
100
Dept Stores——
conv
preferred—!
25
*19
11%
Federated
3,800
70
•135
64
21%
No par
71
20
149%
*71%
105
30%
56%
31%
50
68
V
8%
105
107
109
:
42
8%
*67Ve
Federal Motor Truck..
24%
;:./:
37
42J/4
7%
683/4
32%
•40%
9
68
123/8
4444 '•//
31
563/8
109 %
50
8
,
104
Jan
Jan 19
104
Mar 28
25% Jan
2.
2
'4,000
12%
62
107
56%
*49
Federal Mln & Smelt Co
Federal-Mogul Corp—
1,100
:
"
107%
.
•109
49%
68
1043/4
30%
•61
683/4
•107
56%
*40%
44%
303/4
61
107%
9%
'26%
140
*63%
/?
;
170
V,V 283/4
24%.
,
26%
*146
44%
1043/4
45%
i 68
31%:
69
v
12%
Light & Traction—
15
$6 preferred
.No par
Dee
Jan
89
109
25 Ya Jan
;
17 Vs
,
87
423/4 Jan
2
4
123/4 Mar 26
:
t per shait
8% Jan
July 24
17
par
500
40%
28
..No
Federal
5,200
*40
12%
105
.
25
I" 109% 109%
40
28%
Fairbanks Morse ft Co—
1,200
71
26%
42
40
24%
'
68 %
109%
42
9%
•68
69.
44 ■:■'■'"
105
56%
51
•40%
69
*136
.
61.
*27%
12%
61%
107
56%
32%
109
,
•49IA
9
69
40%
28
12%
31%
61%
.68%
61
•
*
109
51
*40%
31%
68%
32
,
109
*49
3iy«
393/4
105
J
,
/ 28
.45%
'
.
62%
;
68
56%
.
.
*108%
45%
•104
•107% 107%
57
V 32 J/4
32
31
i
.
46%
105%
■
105J/2
107
24%
111%
40% 741;®'
?28%
*28% / 28%
105%
■
Highest'
share
per
18
July 16
May 21
Jan 12
Jan
6
.
108
42% Jan 24
.
per share
106
Jan
5
Sep 17
Sep 18
Jan
Year 1944
Lowest
'31% Oct
4
11% Jan
2
15% Jan 24
—5
31V4
*
100%
100%
101
1
12%
68 %
—No par
No par
common—.————No
3.500
!
Office
Jan
16
-
$
$ per share
5% pref series A—
.100
Erie 8s Pitts RR Co_———50
80C
10,500
;
22%
563/2
7
'/■
Range for Previous
STOCK
8ervlce
Public
22,200
?
92
54
"
53ya
6%
j
110
17%
15
213/4
52
23/a
16%
78%
*89%
'
6%
/
2%
r.
92
14%
v
21%"
/,/ ///;/ *;////7%>/:
Kngineers
120
•103
101
21%
■
'
103
2%
*89%
i4%
1"
105
17%
79
30%
YORK
EXCHANGE
Par
*103
104
NEW
Shares
.
•101%
2%
:
22
53%
.
/
29%
'/
the Week
t per share
30
16%
/•/:
;
79 y8
•J- ■ 21%
:
29%
103%
104
17%
*89%
14%
22
103
1033/4
.2%
17%
-79%
92
14%
22
30y8
*101%
2%
■:Vv-
79%
•89%
102
104
2%
17%
:/
79'%
•89%
29%
Oct. 26
J per share
;
■Sales for
Friday
Oct. 25
S per share
/•;.
RECORD
STOCKS
Thursday
Oct. 24
per share
103 %
104
.
30%
101%
•103
//
Oct. 23
$ per share
30%
:
101%
LOW AND HIGH SALE PRICES
Tuesday
Wednesday
19
293/8 Oct
1
28 Vt Oct 15
19%
Apr
14%
Jan
Sep
110%
Oct «
193/4
25% July
Nov
Dee
Oct
17
74%
35 Vs Oct
11
22% Jan
27
Dec
36 Vt Oct
15
19
Jan
31%
t>ee
19
19%
Feb"
26%
Dec
July 30
22% Oct 19
7%
Jan
16%
Dec
124
Mar 12
111
34V* Oct
110
103
Oct
Oct
69
9
101% Oct 19
39
Oct 17
May 16
73/4 Oct 18
32% Oct
32% Oct
19% Oct
32 V« Oct
Oct
107
74
175
54%
"jun
Jan
104 Va
NOV
36%
Feb
51%
Dec
112% Jun
8% Jan
15
;
;
7
Jan
5«/4 July
15% May
9%
.
Oct
Deo
July
17 V*
Nov
14%
Oct
Deo
25%
Jan
24%
Jan
30
Deo
143%
Feb
163
NOV
May
43 % Feb
19 Va Feb
67
Feb
55%
Deo
49 %
.
67
10
3
Oct
1
30 Va Jun
26
14
Jun
19 Va
Aug
16
Feb
59% Oct 26
32%
Deo
6% Aug
;
t
6%
33
42% Sep
—
-jai-
iey4 M»r
Jan
Jan
Deo
24>/4 July
105% Deo
28 ;
[205% Dec
108% Mar 13
11
Apr
44 Vs July
2 /
3% Apr
8% Sep
4
82
bet
Jan
3%
23
18
28 3A May
85
17%
1%
17.
22
17
Dec
"Feb
104% Jan
15
33 Va Oct 15
175
May 2b /
'
Aug
4Vs May
98
;■
24
60% Oct
75
Dec
52
40
Oct 16
19
25%
,
Jan
15
123/b Aug 27
6%'Oct
2%
85% Jan
12
18
105 V4 Mar
6
633/4 Oct 18
Oct
/ 227/a Dec
18% Jan
Apr
•
74% Oct
113
90% Dec
Jan
45
57
165% Jan
36
Oct
Jan
11%
24
x39
,
62% Dee
50%
Qes
FINANCIAL CHRONICLE
THE COMMERCIAL &
.stocks
^
PBICII
Wednesday
-4.,...
Tuesday
WondtT
o" "
S
share
t per share
37% ' 37%
'
•
37
11%
:
37%
11%
37 Vb'
•37
'-*11
11%
101%
13%
13%
13%
13%
10%
10%
10%
10%
■>7 28%
28%
28%
101
">*100%
" ;i1
30%
,30
',*112
114
*J34
136
?*84%
-
131
130
131
:
n.
58
22
-33
.
57%
' 57
; - 22
22
29
■
33
29
♦32.
"29%
*56%
29 Va
24%
:■■: 27'-;,
45%
*45 ft
45%
-;.f 24%
24%
27%
55%
55%
24%
24%
24%
,..7.24%
"24%
27%
27 Va
27%
27%
27
54%
52 V«
53%
45%
*45 A
24'/«
-I ;'/l1 22%
23%
,56 %
56%
27
».
,^105
105
i* *82
*105'A
84
53%
-»
17%
23%
26 Va
7%
18%
•18'A
31
31%
44%
43%
82%
43%
28Vb
28Vtr
5%
5%
5%
.■' 83
.
36%
36%
3C%
36% ;
37 y»
36%
37%
68
67%
68
-
>19% ■ ->1:1
'
7%
18 Va
5%
36%
6%
*17 Va
31%: 32%-
28%
I
f;
,
106%
:
17%
43%.
:
,
-
/,
31Va
32%
28%
27%
5 V*
•5%
5Va
36%
36
36%
28%
27%
5%
;
•
18%
29%
27%
29%, 31%
27%
29
*17
18%
28%
7
320
i
1,000
18 Vi
30,900
44%
11; 43%;
11; 17
1,300
.
17 %
28%
30
~
11,800
28
28%
14,500
5%
17,100
Hupp Motor Car
I:'.
5,200
1 1 500
7V«
5%
•
,
ft
Hudson
>?
5%
Manhattan-
*67
91
32%
32 V*
-
Corp———1
j>.; 29%
29%
29
58
58%
60
59
60
134%
*104% -107
104% 105%
136
50
<
14%
*9%
9%
183 V*
9%
90
91%
'
49%
49%
*107%
109 Va
9 ' ' "19
12
91
1
8%
.1.8%
8%
28%
28
.28%
28%
91%
91%
*91
913/4
913/4
7%
*6%
.36%
34%
353/4
138%
138%
35%
36%
7
7%
7'/.
7%
i
36%
36
35%
36%
r
141
*138
105 %
*18%
32%
105 %
106%
*18%
19
*52
*107
*52%
54
45
45
•
35%
141
*138
141
>•
36%
Vf
36%
1063/4
106 3/«
35%
107%
*125
131
26%
26 %
29
29
%
29
».
29%
43
54
*53%
53%
22,400
*140
.
145
25%
45
140'' 140
tit
*142
145
145
*25%
28%
26
26%
*26
26%
30%
28
28%
293/4
29%
29%
*41
41%
137%
*125
*41%
43
43
■
42%
42%
*107
111%
138%
139
140
*128%
130
423/i
*107
131
44%
44%
44%
109%
*109%
*120
*120
39%
40 %
*96%
♦119
25 »A
24 Va
28 3/i
*28%
40
44%
44%
110
;:
Dept Stores
300
Island Creek Coal
600
42%
131
3,400
300
rf
500
45
45
110%
110
:
200
*120
*120
38%
39%
38 3/4
97%
97.
97
120%
117%
117%
*116%
1
39 s/8
*96%
k
preferred
-1": J'-r'rf
No par
100
4%% preferred:
Johns Manville Corp
39%
96%
40
118%
*117
24%
24%
3%%
v
18,300
400
5%
400
5%
28%
118 y4 118%
7
28% 128%
3,000
25%
25%
25 : '
No par
Joy
preferred
i
Mfg Co
—
__
70 Vb July
Feb
63
—.7%
30%
1%
6-'
22%
8%
: 1%
Feb
13'a July
Feb
37% July
2%
Jun
Jan
11%
Dec
Mar
28 %
Jan
July
16% Aug
Feb
:
32%
Nov
23'/a
Dec
56
*eb
24
Jan
Dec ;
5
42% July
-
9% May
111% Nov
165
Sep
x87
Aug
12% July
8% Oct
-
7% Jatt
40% July
1
Apr
15
Jan
Get
6
154%
Jan
1%
Jan
16
15%
1
82%
Dec
180'A
Dec
3% Aug v
18% Jun
<
Jan'
25%
Apr
Jan
13% Feb
66 ' Feb
7% Feb
40% Oct 26
62
b
68%
21% Dec
12% Jun
Jun
47
Aug
Jan
45% Oct
Oct
145
58% Jan
26
11%
7
31% May 7
30% Oct 23
Oct
43
>
Oct
20
Dec
Jan
15
20'A Aug
20 % July
Apr
15
Sep
Dec
135
11% Jan
30% Oct 18
44
Sep 12
152
.
Feb
117
31% May
43
93
Jan
35%
17
Oct 26
Jan
45
July
144
Dec
Oct
Sep
107%
Jan
84%
30
NOV
120
120
2334
*118
123%
23
*27
*118
121
29
•
i
121
23%
24
*57%
:
24%
*27
'
; 121
•118
22%
23%
*55%
57
60
;
57%
57%
*27
28%
*27
27%
27
27
•
26%'
26%
*26%
38%
*38 3/4
39%
39 %
39%
38% >38%
31
*30%
31%
31%
31%
31%
23%
233/s
-117
13
700
39%
500
Kayser (Julius)
1700
10
121
23%
58%
20
B
31%
*118
233/4
58
ft Furn
10
No par
Kansas City Southern.——No par
4% non-cym preferred
100
Kaufmann Dept Stores
1
"
121
*118
200
28
11- 28
24%
4,300
58
59
1,300
Kalamazoo Stove
Kan
City P ft L d! ser
•
38%
*30
57%
57% v;
1
-
*27
28
38%
38%
*38%
31
31%
28
31
*31
•
4
Sep
111
Dec
Apr
25
90
May
95
May
15
20% Jan
28
Dec
41% Oct
58
Jan
80
Dec
Jan
93
Dec
18
66Vb
9
10%
Jan
20%
Dec
98
107%
July 16
123% Oct
30 % May
28
28%
44 %
*28
45
443/4
*32
32%
*31
*54%
55%
*543/4
*12%
13
13
*83%
84%
84%
*32%
32%
323/e
107%
33%
107%
1073/a
34
34
28%
28%
28%
28
44'A
45%
45%
43 %
32% v/
*30
553/4
*54 Va
13%
443/8
*30
86
85% *86
32%
32%
108
34
/
*16%
17%
*16%
17%
*16
%
42%
42%
42%
42%
43
r ■
49
49
49%
49%
48 Vb
143/8
,13%
108
r
14%
90
92%
300
-
4,000
'
108
88
/•
32%
32%
107%
34%
17%
16%
16%
*16%
17 3/8
42%
433/1
-43%
43%
49
46
47%
46%
47%
6%
5%
-
*
180
5,000
B—
$5
6%
6%
6%
-
6
♦38
39
38
38
38
6%
38 /
29
29
29
29%
29%
30
5%
Inc_!
preferred.——,—
Kresge (SB) Co_r
Kresge Dept Stores
17%
100
44 va
1,400
Kress
47%
*37
48
3,500
Kroger Grocery Ac
(S H)
l
%
>
^
36
29%
-
29
v
29%
55%
56
56
/
55%
55%
70%
69
t
i.ooo
14 %
14%
170 *
4%
fit
70 %
14%
14%
27,900
38%
38%
38%
387 s
:: 2,900
11%
11%
10,400
Lehigh Valley RR-
11,900
No par
50
35%
1
3157/8
Lehn ft Fink Prod Corp
•—j
3 "-7 20%
Lerner Stores Corp (new)
-No par ^ . l7J/4
Libbey Owens Ford Glass
No par
-51%
55%
55%
72
71
14%
14%
14%
-14%:
40
39%
40
39%
39%
38% : 39 %
12%
12
12%
11%
12%
11%.
.12%
J
3%
3%
55%
*55%
71
*68
:
14'..;
-
11%
-
69
11%
3%
3%
3%
47%
48
48
48
49
47%
47%
48%
49%
49%
49%
503/a
48%
50%
493/4
493/4
49%
*26%
26%
26
26%
25%
26%
263/4
27
26%
26%
26%
26%
67%
67%
3%
27
*26%
663/4
•
r
3%
47%
K
.
!
3%
65 5/s
3Va
27%
26
26%
-
V
66%
26
,
.
65
3/«
3%
3 %
48%
'
>> 48%
1.500
26
3,500
2534
65%
66
66%
4,000
10%
10%
10%
11%
22,400
71
71%
7134
1,000
*95%
97%
600
11%
10%
11 ya
70%
71%
71%
*70
98
99
98
99%
99%
99 %
*95%
98%
*95%
97%
*39%
39%
*56%
101%
101
101%
190
190
190
•39%
40
57
56%
54
243/4
25%
36%
36%
«
»■"
For footnotes
see
page
193
39%
*39
39%
39
56%
55
56%
53
543/4
25
2035.
54
:
98%
191%
55%
54
*533/4
37%
100
*39%
56%
*24%
*36%
98 %
190%
3,600
65%
65%
11
70
101
2,000
26%
11%
"188%
"
49%
70
100%
500
<26%
26
11%
190
"
26%
70
1003/4
1,500
3%
49
: 500
:
49%
11%
*188%
"•
•
49%
70
.
38
'r>c
12
*69
11
4% Apr 5
31% Jan 3
24% Sep 12
54% Oct 18
47 .Jan 22
12
Jan 4
-No par
No par
i
50
Lee Rubber ft Tlre.^
3
Lehigh Coal & Navigation Co
10
Lehigh Portland Cement
t
23
,
38 ~
70%
,
105
-
(The)
38
14%
40
>
,
54%
98%
97%
*192
193
*39%
3934
55 %
53
53 3/i,
52%
53
243/4.
25%
24%
24%
24%
25
36%
37%
*36%
37
37
37%
*
r
'••54%
97%
194
39%
55
*•
1,800
*. 130
1,100
1-2,300
Bryant
1
;
4%^ Preferred'——
Lane
i
conv
-
preferred s
I
(The)——•—
Lehman Corp
20,
Jan
Jun
Jan
19%
Jun
37%
Dec
24
Dec
8
13%
45% Oct
19
29%
Jun
32% Aug 17
19%
Jan
'
:
3
Oct
42 :
31% Mar
19
Dec
Aug
x26
24%
29% Oct
55% Oct
Dec
Mar
20'A
Feb
Jan
9%
Feb
Dec
15'a Jun
28
92 Vb Oct
26
3
54%
Jan
32
Dec
34%
108%
Dec
108%
Dec
5
27 %
Nov
34% Jan
112
Mar
34% Oct
,
22y
26
10 V*
Jan
16
44% Oct
26
27%
Jan
50 Va Oct
18
31%
Jan
17% Oct
Dec
78 %
Feb
6%
Dec
Oct
39.
Dec
37%
Nov
x31%
.
Sprles B_l
;
Preferred—--
Lily Tulip Cup Corp—
LlmaLocomoUve Wks_
53%
1.50g
Lint Belt Co,
25%
27%
3,300
Lion Oil Refining Co_L
38
38
Liquid Carbonic Corp.-
Oct
Oct
Oct
<16% Jun
41V2 Oct
17V2 Jun
3% Jun
if: 51% Oct
' 5OV2 Oct
30
56
72
23
25 >; —
22 -> 38
26 ;
8,y
11
"21
18 >
4V*
8>, 1%
15%
29^
18%
267/« Oct 18 J 17%
67Vb Sep 20
42
Jan 22
Jan 24
2
11% Oct
9
> 6%
47% Mar 28
71% Oct 26
39
23
78
Jan 2
100 Oct 3 .. <68%
23 11 78" Jan
3 > 101% Oct 15
' 67%
100 * 181
Jan 5
195V4Apr 25.
174%
par ' " 32
Mar 28 . - 40 Oct 15 •
26%
par47% Jan 25
59% Mar 1.
36.par
41% Jan 22
57 Oct 5
VI
par
t 19% Jan 22
27% Oct 26
17%
3
Liggett ft Myers Tobacco
=
Jan
13%
17
12
Oct
8
Sep
Jan 22
17
Jan 22
18 ;j ••
Jan 3 / .■ 27% Oct 23
7% Jan
7
Life Savers Corp
53
.1,400
50
Llbby McNeill & LIbby
24
6V2 Jan 30
2% Mar 26
" 29% Jan
Lthlgh Valley Coal—
.<€%
14%
39%
-
Dec
49%
Dec
:
■
Laclede Gas Lt Co—
Lambert Co
8
15
14
1
9
26
8% Apr 7
35% July 27
37
Jan 24
29%
69
*54%
35,400
Bak
•
38
14
55%
6%
6
No par
No par
& Co
-
29%
:
29%
66%
*54%
a
G
——1
No par
10
100
10
1
32
22% Mar 10
38% Jan
8% Jan
72% May
28
Aug
107 .Aug
26
Mar
19%
19
41
Feb
124
6% Jan
18
27% Oct
21% Aug
Apr
Dec
117
18
59% Jun
18 % Jan
2
35% Jan 24
Co
433-4
v
1
No par
-No par
No par
4%%
*16%
,
'
prior preferred—
Koppers
.
6%
—
Keystone Steel & Wire Co
Kimberly-Clark Corp
Kinney (G R) Co_
'
5,400
•
34%
34%
Class
Kennecott Copper..,
680
32%
109
108
34%
-
.
32%
107%
34%
'
v
'
43%
1
54%
14%
14%
18,100
32%
54%
54%
14%
1,500
*29%
32
'
i: 86 3/4
32 3/8
33%'
34%
44%
*54
32 Va
34%
28
43%
*29 %
13%
108
27%
54%
8511
32%
108
28%
43%
31%
54%:
55'/a
J
28 %
433/e
1
28%
;
13'A
;/•
85
31%
v.
•V-
Mar 26
29% Jun
23"% Jan 22
22% Jan 23
Wh'l conv cl A
Kelsey Hayes
'
16%
30% Sep 20
124
34
18% Jan 26
3
1
& Co
Sep
34%
' seh
113
102
9
Jan 3
Jan 3
Jan 22
Jan 22
Dec
105
19/
Sep 25
NOV
112%
Feb
2
133
38% Aug
Apr
27
Oct 15
144 %
k
*28%
Dec
20 Vb
29.1 Jan
138% Jan
17
114% May 31
45
Dec
94
Jan
39 Vb
140
Oct
136
53% Oct 23
Oct
Jun
6%
32% July
130
112% Oct 26
21
Oct
5
115
Dec
80
J&d
4% Jan
65
1
Nov
188
Apr
165%
8% July
10% July
.i-
Feb
67%
Dec
105%
NOV
Jan
6%
104
Dec
106%
Feb
29%
Oct
20%
15% Apr
35% July
1001
Jun
„
Dec
22
88% Jan
Mar
•
,
77 %- Dec
-
Jan
71%
Aug
«
Jan
6%
;1>
19% Jan
18% Aug
•
13% Jdn
158
140'a May 22
Jun;
45
May
42
15
37% Oct
Jan 25
Sep 17
90
Jan 10
27 % Jan 24
79
Mar 27
91% Jan 2
47% July
Jan
39 '
7% oct 17
31
.
Dec
29 % Oct
109
100
;—J 00
1
pref .series-A
pref series B conv
19%
93 % Oct
2
34% Jan 22
109% Aug 22
101
Jan 2
118% Aug 22
»
Nov
13
187
Apr 27
8% Oct
4
Feb 23
Jan 26
Jan 26
- ,/
100
Johnson ft Johnsen—
12 V2
4% 2nd preferred ser A—1—100
Jollet & Chicago RR stamped
100
Jones & Laughlin Steel
No par
;
90%
-
,
1
—
Jewel Tea Co Inc
'
118
24%
Interstate
Intertype Corp
111%
131 1
.
44%
110
*109%
■97%
25
Foreign share ctfs
1'-
800
139% 141%
131
*129
*96'A
25
:—100
No par
-No par
No par
No par
1
preferred
7%
Intern'l Telep & Teleg
$8
*107
139%
97%
24%
No par
No par
50
Silver
Sep
21%
12% Oct
Mar 26
Mar 27
July 3
39
Feb 2
92
Jan 2
137% Apr 19
18% Jan 2
18"% Jan 2
17% Jan 2
19% Jan 24
36
Aug 31
145
Jan 12
100
International Shoe
International
19vi
84%
9%
79
41%
No par
Am
preferred
International Salt
43
42%
:
111 %
138%
*120
39 Va
40
3,300
preferred
conv
5%
•
129
23 %
> 47%
Jan
13'a Jan
25
Sep
Dec
Jan
13%
u
2
109% Oct 17
Aug
36'a Mar
20 %
1
52 % Oct
Dec
2*5%
19% Feb
Oct 19
9
93
2
2
28% Jan 24
15
100
Co
•
131
109 %
5%
Inter Rys of Cent
*150
>106
138
*127
2.400
,
-
Paper
29%
42%
43
Preferred'
International
,125
Jun
231
5% Jan
:
73
Apr
22
9% Oct
75% Jan
No par
—.100
Canada
Int Nickel of
Jan
17
5
100
1
Jan
Mar
July
93/4 Oct 10
2% Jan 23
4% preferred
:
International Mining Corp—
300
38,600
29
29
*28%
42% -42%
111%
137
jv
•:
28%
*41
26
1". 25%
23
H50
*42%
111%
26
700
26%
25%
26%
28%
43
*150
*150
44%
25%
29%
41%
1,500
145
44%
26%
253/4
263/4
1
140
44 Va
120
200
54
44%
130%
29
26%
/
129
109'A
120
900
108
*52%
53%
6,500
2,300
19 V*
19%
104%
129
44%
97
112%
lllV
193/4
23
Hydro-Elec Sys class A__
International Min: ft Chem—
Int
140
41,800
129
*123
109 %
www
25
3,700
"7%
40%
39%
108
53%
44%
44%
44%
129
45
97
111 %
19
107
110
39%
1083/4
•
30
*42
127
:
30
*109
*120
500
140
*138
140
383/4
183/4
29'/a
42%
135%
108
107
*29%
*26%
111%
*44
9.900
35
34%
35%
110%
44%
26%
*42
*109%
1
7
7Ye
35
140 '
-
18%
*124
145
26
*109
127
r.
>34%
108%
53%
54
1273/4
*150
*150
135%
91%
'
*140
26 %
*42
29 %
*
1:1 //-7: "
7
8%
913/4
'/
;
Jun
63
15%, Oct, 19
.
Feb
89
114
109% Mar 16
,
Nov
27%
134
25% Jan
46'
Jan
2
Oct
Feb
75%
170
Apr
26
Oct
Dec
"22% July
Apr
8
Jun
102% Oct
.
Jan
10%
60
Sep
8%
112
75
Apr 28
25
135
1
'
30
2
,—100
-
par
par
par
par
20%
Dec
9%
Jan
Mar
Jun
July
110
128
91% Oct
174
Sep
63%
160
26
38
6% Mar 28
8% Mar.26
173% Jan 19
74% Mar 21
178% Jan 4
-No
No
No
No
Machines
Preferred
630
14,500
8%
28%
8*
91%
1
Interlake Iron
100
——:
76
,
11% Mar 26
8% Jan 6
37% Jan 25
104% Jan 3
„
-No par
Corp
preferredi.—
4%%
IntercontT Rubber
International Harvester--
v
20
1
5.100
90Va
184%
'29%
28%
9IV2
913/4
v
18%
110
45
45
1273/4
145
25 %
90
184
7%"
283/4
'
110%
18%
183/4
110
'•
*140
Interchemlcal
Jan
82
No par
Inspiration Cons Copper——
Insuranshares Ctfs Inc
42 % Jun
104% Jan 2
166
Feb 26
—————100
Int Business
.
110
*107
90%
,-1000 v
No par>{
—No par
No par
No pur
Co
Steel
Inland
—
1,000
"
28%
73/4
16,100
224
194 %
184%
7%
8 Vb
323/4 : 33%
$4.50
90
4,900
12%
12
223
'
913/4
*138
1,5001
1;
9%
.
.
224.'
90
184%
;
9
12%
'
224
28 %
7%
200
49%
V* •"
7%
*
7.0C0
9%
109%
220
184%
184%
184%
•
220
28 %
:
1,900
14%
49%
12%
11%
123/4
91
184%
9
8%
•
7%
*91
Ingersoll-Rand
6% preferred
102%
*1073/4
49%
"«
700
9%
;
preferred A
200
14%
14%
RR See ctfs series A__
Indianapolis Power ft Lt
Industrial Rayon
;
20%
!
38% Oct 15
291/« Jan 3
19?« Jan 24
47'% Jan 30
8~%
Mar
99
May 19
6% July 31
72% Jan 24
; 18% Jan 22
19% Jan 2
39% Jan 2
103
Sep 26
100
/
"
.
102%
102%
14%
*9%
:
108
108
221
220
913/4
91
184%
184%
8%
12%
12%
220
*217
92
91%
108%
9%
9
12%
12 3/s
217
93/8
48%
49%
108 %
131%
——i
4%
Leased lines
v
108%
9
8%
12%
49%
108 %
50
50
105'/a
131%
*171
102
143/4
9%
.
9,400
58
57%
*104%
:
102
14%
1-
14%
9%
110%
217
*
15%
*9%
%■
230
58%
*171:
101%
102
14%
9%
*9%
60
;
2.000
29%
132%
132%
,
*171
101
102
102
33
29%
106%
57%
*105
-
133% "133%
134%
♦171
*171
15
*32
29
"
104%
101
28%
91%
32%
*31%
*90
20/1
I
RR Co_k——100
6% preferred series A100 ';-
Illinois Central
Jan
share
per
Jan
2%
34
-1
Idaho Power Co———
1.100
91%
91%
32%
28%
*133%
50
92
32
*104%
*107%
66
'
12,400
37%
66 *'■
*89
-%i
133 %
143/4
36%
66
29%
105%
100%
36%
65%
32%
133%
*171
35%;
66%
29%
*104%
...
36
•
32%
59
56%
92
1,400
...
66
.
33
*32%
29 V*
29%
'
*89
92
4 *89
91
68
•
36
35%
37
.
67>
?.
35%
36
10
;•«.
non-cum
iS-i
35%
36
x36
Jan 16
Jan 19
26% Aug 21
' 14% Jan 6
3% Jan 2
'. 2
—
100
preferred——
100
Hud JBay Mln k Sm Ltd——No par
Hudson Motor Car
No par
'
"
-1 5% :> 5%
:
2,300
17
7
6%
6%
>17.i:i
1,200
-
82 Va
81%
17%
17%
17%
42%
;
1
10s
106
■■•
5,000
56%
26'A
1
■
23%
58%
:
.'7%
7
19
7
'
17%
83
18'A
44%
44
*43V2
45
*43 %
84-i;
5,400
,v.
22%
■
26 Va
*105%
'
83%
18%
17%
106 %■
4,700
45 Va
81%
1
soo
53 Va
*45 A
,
__—
2,400
26 Va
55%
27
-
105%
1.
106
105%
84
*82
17%
16%
106%;.
26%
;
56%".--I*
22%
23%
56
111 55%
27%
.
: 700
57%
45%
53
52%
*45 sV
„
•? 27
1,100
;
33 Va
29%
45 Vb
*45 A
..;!;|2.200
•'
27
*
33%
28'A
27%
Va
29
28%
,
27
*28%
.
.
230
130
130
"
27%
110
$
Jan
104%
if i/4 |CP 90
11 % Sep 29
120 Sep 19
29% Oct 11
101 Oct 23
87 A Oct 9
189 Aug- 9
34% Oct 26 .
llo/aOct 11
138 July 20
82 Oct 17
133% Aug 20
29% Oct 10
. 33% Sep 21
29,» Oct 22
61 Oct 8
25 h Oct 23 •
30 Aug 27
60 U Jun. 26 •
48 V* Sep H ~
;25 y Sep 29
: 56% Oct 23 ]
28 Apr 3
109% July 9
85 Aug 6
18% Apr 20 ^
45% Oct 8 *
7V2 Jun 25
23y4 Jun 26
32% Feb 28 •
—
*32
,
24%
24
:
131
27%
V
1 900
.1
;i
90
*84
■
•\*45 A
*
27%
56%
1
25%
24%
154%:,:.;' 71153 7,
54
.
-.1
27
33
57%;,
*56%
1
29'A
29 Vb
54 Vb
;■
24%
rL.'l-
■
16,400
*134:
90
130%
130%
29
,
.
29%
1,200
W
I'-
-
34%
110% lit-,./''
136%
■:
136%
*84
1
111%
*134
90
-
*130%
33
>
29%
'
*110%
135
V. 112%
*83
28
*32
1
29%
29%
1
•
27%
27%
27%
•7. *32
28%
\ 53%
'•
131
184
33%
33%
V
■-
"5%
If 6% Apr
-
:
135'
90
29%
I *57
,
*84
33
>23%
->112
134%
90
30%
80
,
■■
'
% 4600
.
86 Vb
*180%
184
*180%
30 Va
-480
28% >28%
86%
4
—2
23
—.
share
per
12 /* Oct 6
\
9ct
t
* 38 Oct 18
Apr 9
Jan . 4
Mar 26
Hazel-Atlas Glass Co
Mar 13
Hecht Co
Jan 10
3 %% preferred^"-.—
100
100% Oct 24
Helme (G W)
i
2o
71% Apr 2
/-.j 9% non-cum preferred
100
170 Jan 10
HerculS Mo?o"sI
No par
22% Jan 22
Hercules Powder--,
-—No par
. 82
Jan., 8
6% pW-5y^
after .Nov. 15——100
130. Feb 15
Hershey Chocolate
N0 par
72 ... Feb 15
t4 conv preferred
No par
123 Feb 15
Hewitt Rubber Corp.
5
21% Aug 20
-Htnde & Dauch Paper Co—«—>—10 < 25. , Jan 25
Hires Co (C E) The
————--1
23/4 Jan 2
Holland Furnace (Del)
10
41% Jan 23
Hollander &
7
Holly Sugar Corp
No par
17 Va Jan 15
Home stake- Mining:
;
:—12.50
42
Jan 2
Houdaille-Hershey «1 A—.-—No pax / >
> Aug 2
■;vv*- Common——I——--——No par
16% Jan 2
$2.25 preferred ——
-50,
55% Oct-24
Household Finance com-—-No par
25
Aug 2
3%% preferred'
100
102
Sep 22
Houston Light & Power Co—fio par
66% Jan 2
Houston Oil of Texas v t C.
23
12% Jan 22
Howe Sound, c<i
:
'
"O
34'i Jan 20
Mfg Corp
Hayes
15,500
V
*100% 101
87 Va
*86 lU
184
30
>136
27
26%
\
-./*31
28%
86%
10%
119«/a
119
119%
7 '«
100_.
9
6
108
20%
*
A
Hayea Inaueviea tuc
14.400
v
*30
10
Highest
If/Lowest
9 per share
$ per share
(modified)—.100
preferred
4%%
1
Highest
" Lowest
Marx.—
Amer class
Corp ot
Mai
90
13%
>
1110%
10%
•
119%
100%
*isoy«
•84
130%
.130%
10%
>
13%
13%
.;
13
■
•28%
31%
-
2,600
100%
113%
134
11% h
100
100
28%
84%
184
*134
'
1 >> 11%
100% 100%
•
85%
*112
112%
112%
•
1
90
11%
101
Hart, Schaffner Ss
Range for Previous
Year 1944
,
Kange Since January
Par
2.800
118%
28%
30%
37%
1 28%
119%
*180%
31%
31
:
10%
37%
118%
101
85%
184
*180%
184
"A
*180
•'
10
101
85%
85
85
*84
10%
28%
100%
"
12%
118%
28%
100 Vb
'
13%
10V«
119%
119%
119
'/ 118%
13
1
7
share
*11
*100
102%:
th.wwk
Shares
$ per
'37%
37%
;>v
11%
11V*
•100
100
100
103 Va
*100
101 Vb
37"
,
11%
11%
-
: 0C1.2G
.
1
>1 $ per share
37%'
t per
t per share
share
per
Oct.n
;
;
Sales f®r
Friday
Tkursday
o° "
._
_
STOCK
EXCHANGE,
YORK
NEW
.
_
Monday, October 29, 1945
,,
RECORD
NEW YORK STOCK
LOW AND HIGH SALI
.
.
No
—ATo
—No
No
No par
„.
:29% Jan
2
38%.Oct lo
..
18%
Apr
Oct :
Jan
12%
Apr
-31%
Dec
Jan
8Vk
Dec
Jan
2%
Dec •
;
39%
Feb
Dec
38%
:
Dec
21%
Jan
Jan
.,
'
,
Jun
Dec
19%
Jan
> 53Vb
:
Dec
Aug /
8% July
Apr
Dec
Jan
49%
Jan
83'A. Jun
Jan
86%
Jan
Apr
32%
52
;
Nov
,
44
Jan
Jan
•
Jun
Nov
182
Feb
Dec
22 % May
30%
.
Dec
Dec
Dec
>
.
yplume 162 dumber A433
THE COMMERCIAL &, FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
LOW AND HIGH BALE PRICES
iBKlkT
Wednesday
Monday
Satnrdsv
Oct. 22
Oct. 20
t per share
Oct. 28
:»■
$ per share
t per snare
r
STOCKS
Tharsda?
Oct. 24
S
per share
A
* per
31% *
31%
* 32'A
32
32%
"31%
31%
31
31 %
30 ¥4
30 ¥•
30 ¥2
30
3C%
29%
30%
30'A
633A
30¥o
64%
21%
22
63'A
69%
63
63
.
62 ¥2
i
62j/2
28%
29¥4
*180
63%
62
63
22%
22%
21 ¥4
22
63'A
63
62
63
30
>
180
i
29%
183
180
x
26% v 26%
.
% 62 ¥2
23
62 ¥a
23
63
22'%
63
23
>
29%
29%
*180 ¥
26 ¥2
26%
:63%
61
61%
16%
17-
.
61 ¥2
61%
28 ¥2
293a
29
180%
*180
.16%/ 17 Z:
,
..
*353/4 / 37':4
"35
36'/2
*151
1541%
*151
154%
*61
61%
*61
613/4
> 44r¥a
44 ¥4
44%
*109
"25»/4
44¥.
/•
*109
1091/2
27
20%
10
10
'
"19 ¥2
20%
i;
30%
*30
4%
:
4%
•
'
"16%
112
20
4%
41/2
-8%
-
"17%
17
31 ¥»
30 ¥2
*109 ¥a
283/4
28 'A
191/4
19%
52%
53
V 19 '•"
,52
28 ¥2
34%
"33%
29%
34%
34'/2
29%
"184
29%
-
188
42%
106 ¥2
42'/4
*106
13¥2
*111
106 ¥2
131/2
-
50 ¥s
"26%
-118
-
42
50 ¥a
27%
"64 ¥2
"37 ¥2
22'A
113
19
42'A
42'A
'27'A
27'A
22%
22 ¥a
*26 4
27
19 ¥a
> 45%
27%
18%
*104
453/8
26'A
"79V2
83
82
82
*33%
40%
39'%
39%
48
471/4
47'A
107%
107%
10'A
31%
45 %
10¥a
45% '
107'A
30
*68¥2
*13%
3%
56 Z
*69
72
16s/a
17 ZZ"
3'A
-
3»A
"3
54%
54 ¥2
•111%
114
*111%
114%
*108
110
*108
110
*108%
110
*108%
110
56
':109
10%
10%
103/4
U'A
% 110
I01/2
120¥2
120 ¥2
*120 ¥2
1231/2
*120'A
Z"
13%
50
31 ¥a
*31
14
131/2
14
37%
36
36%
50
48%
48 3/4
31¥a
303A
31
*49
..
31¥a
■4
108
108
108
*113
113'/2
*113
113'A
*115
116
*115
116
*109¥a
112
67%
68
48¥2
48 ¥2
1093/a
;
:
1093/a
39
39
68
109 ¥2
30%
106
*113
*115
109 ¥2
66
y
48%
*47
.
39%
39'/8
39'A
29
29
29¥4
29%
31
30%
31
31 ¥2
44
*42 ¥2
44
391/4
28¥4
30%
i
*42 ¥2
106
106
.
39
6,600
311/2
V*lll% 114%
*1
143/8
*119¥2
■111
1061/2
*106¥2
353A
353/4
*35'/2
1203/8 420%
*
111
111
"62
65
*111
173/4
173A
171/2
65
I 38%-
65
108 ¥2
•106%
103
36'A
*35 ¥2
119'/2
"118%
111¥2
"111
17
17%
65
•
Morris
400
108%
"36 »/2
37'/4
119'%
65
221/4
23
22%
23'A
21%
22%
22%
22%
22% > 23% >
5<t
po'/o
571/0
52
.53'A
50
51®A
50'%
51%
513A
27'%
27%
271%
275/a
27%
v.
27%
27
253/4
245/3
25'A
15%
15%
20 5/8
207/s
31%
32
?*%,
24
15%;
*20%
':t
25
•J,1 IWi
M
20%
21
?4
15%
o2'*/4
21 ¥e
V
31%
32'/2
*183 /
185
*183
26%
*26
26 ¥2
/
251/4
>
15%
20%
32 ¥2
.16
"
21 ¥2
31% > 32'A
185
185/
.V
27'
»
27%
27'A
<
275/a
27 ¥4
185
26%
*185
26%
*
*186
190
17»A
17 ¥4
>' 40%:
40%
1
17%
16%
40%;
17%
40'A
165/8
16%
; 16¥2
.16%
40 ¥2
393/4
40%
39%
22%
22% > 22%
22 ¥2
22%
22%
223/4
J22%
22%
17%
17%;
17%
18'A
173/4
,18%
173/s
"17%
17Vs
17%-'
32%
32 ¥2
32%
323/4
32%
32¥4
31%
/ 40%.
22%
*311/2
32
52 V
*51
21%
213/4
107v
31%
*183
108
"
20 ¥s
*31
;
*38
V
12%
Z
123/g
*11%
123/8
60%
57%
593/4
•
184 ; >
*183
20 %'
20'A
20'A
31 ¥4
31%'
38 ¥2
38¥2
12%
12%
/;
-
20 ¥4
:
38
f
,12%
'
30%
186
12%
,
31%
83¥2
31'/2
31 ¥2
18%
/'
> 18%
18% v
29 ¥2
29%
29%
105'%
105%
1051/2
*23%
82%
31 ¥2
243%
,105
1051/2
12 ¥2
"V"
19'A
23%
105'/2
12 ¥«
ll7/s
22%
22 ¥2
22%
48%
47¥a
*105
110
*105.
106¥4
183%
28 5%
29
.103%
104
104
I
105'A
1041/2
23%
233/«
11 ¥4
/.
106'A
11%
22%
22%
*46
48
113/4
21
'
Z.v,
*106'A
39
1073A
-
> *23%
12
;
11 ¥2
21%
471/2,
*46
*105
106
106
•103
115
*102
106
*102
107
*106'A 107
107
107
1*07
107 3A
*106'A
1073/4
*106'A
40%
39%
40'A
.38 ¥2
For footnotes
40
see
page
2035.
-
106'A
ID?3/*
39
20%
38.
z
19'A
29%
28%
- -
•
,
200
106
v*
>106
Z
107
,
106'A
*39
1073A
40
'
47
106%
*107
'106'A =106%
• -,,
■» 106'A
'
40
-
Nat Enaro &
40%. t'
$4.50 conv
preferred—
National Lead Co—
7%
preferred ■: A
National Power & Lt—
14,400
/
4,100
.
>
$2 conv preferred--
3,170
,v
700
2,600
1.4Q0
300
50
100
1?0
1.50O
.45%
Netener Bros Inc
9
conv serial preferred—-100
(J A)—
No par
preferred——
100
New Jersey tr As Lt Co 4% pfd-TOO
Newmont Mining XJprp—
—10
4% %
•Newberry Co
3%"c
116
Apr
113
Jun 11
19
112
Pec
9%
Oct
Jun
23% July
6Ya Peo
Jan
18%
Jan
39% Jun
41%
Oct
88 Ys
Oct
111
Jan
119% Sep
113
Aug
53Ya Nov
Apr
35%
Dec
25
107% Jan
70% Sep
X48% Oct
Jan
10
44% Jun 21
Nov
111
1113/* May
114
Nov
2
Peo
PeC
113
Sep
Oct
-2% Pec
46
19% Sep
743A Apr
Jun 28
119
42
Oct
44% Jun 21
Mar 26
21% Jan
35% Pec
32 : May 17
32% Oct
9
15%
Jan
Jan
24% Jun
163A
Oct
10
26%
Apr
33Y4 Pec
6
17¥4 Oct
1
4%
Jan
106% Sep
18
*72
Jan
Oct
19
20
120¥2 Oct 15
70
Aug
May
110 '
Nov
:
23'A Mar 27
31% Jan
6
45
38
8
15
Jan
115
4
Jfen
5
Jan
5
62
181 ¥2 Oct
20 ¥2 Jan
14 Ya Aug
Jan
53%
Pec
Dec
193A
Pec
Jan
13 ¥4 July
15% Pec
9%
18% Oct
41
Oct
9
Feb
8% Jan
15
26
23 ¥a Oct
15
Jan
4
18% Oct
17
2
331/4 Sep 19
Apr
X1Q
Sep
*11 «/4 Feb
19% Jan
19
23% Jan
33
11% May 5
353/8 Jan 22
Jan
2;
13
Jan
4
>
Sep
19
■;
Mar
12
Feb
37% May
37
9
Feb
108
8
•
323/s Oct
1043/4
Peo
19
Jan
25¥a
Jun
164
Feb
181
Pec
141
Jan
159
Peo
16
Deo
17%
,
Apr
28% Apr
53/4
Feb
,57 Ye Feb
Oct
19
Oct 10
21% Feb
33 ¥2 Mar 16
24% Nov
20
Pea
14% July
87% Jan
Jun 20
25
192
May 5
163
May 7
21
Oct
2
32% Oct
Z 84
Jan
Pec
243/4 peo
Jan
13% Oct
22% Aug
Pec
253/4
Jan
39¥4 Oct
15
23% Aug
14%
11%
7'A Jan
;
Pec
34
26
Oct 26
Jan
Apr
Pec
17% >Apr
30 Vo
54
33 ¥4 Sep
2
177
Pec
21
123/a Mar 14
22% Oct
xl01% Aug 17,
Jan
181
•
61% Oct 25
;
37
24
Oct
24Y4 Pec
Mar
28
8
6
Jan
20% May
165
24 ¥2 Jan
z:
41Y4 Peo
9
313/4 Apr
:12% Mar
,
-
18
2
20 ¥? July 17
17% July
Jan
7
223A Jun 27
33% Oct 15
13 ¥2 Jan
13
Oct
28
Jun
16% Sep
Apr 24
27'A Oct 10
23
Feb
116%
Jan
28
7
192
15
NOV
20 ¥4
¥2 Sep
29
S'A Mar 26 >
,•;> 13% Jan 24
23'A Mar 26
Oct
84
13% Jan
29
16% Mar 27 <
Oct
24% July
11% Apr
54
2
10%
100
8%
17
23% Oct 17
Jui) 21
15% Jan 20
Jan
Oct
25% Dec
43%
193/4 Jun 20
53
35% Jan 23
22% July
23
Jun.
zJun
34
7% Pec
70
jUl/;
V7%Jviv
301/2 Mar
263A July 26
92 ¥2 Jan 15
—
—
8¥a
29-
Aug
58% May
19 ¥1 Pec
114
2% Jan
18
109% Oct
.—.—25
Co—^.———10
Natomas Co—.
N° pai
Nehi Corp
No pat
.
Apr
Mar
6% Jan
18
2
>65
Tea
<
93% Jan
173/4 Feb
8
13
v
prior conv preferred—100
prior preferred—
—100
National
107
Oct 16
8
Sep 25
July 26
39
X443/4
1% Oct
36%
Deo
8% July
108% May
163/4 Jun
109% Jun 21
Z
5¥«%
1.310
•
105
Feb
33
National Steel Corp—
2
5
Mar 13
33
*
-No par
National Sugar Ref Co—
No per
National Supply (The) Pa——.10
July
Aug
Dec
.
28'/4 July
Apr
Oct
12 ¥a
18
2
Sep 28
152
••*> 6% preferred B—
Z
16 ¥a Jan
4
National Linen Service Corp.
Jan
>21
Nat Mall & Bt1-Cast Go
No par
National Oil Products Cq
46
13
Jan
x82 ¥4 Feb
1
No par
10
Jun
39
116% Jan
Oct 10
Sep
22
——10
National Gypsum Go
r
Jan
6
55% Dec
-
97% Mar 27
No par
Products———No par
Rtamoing—
No par
27¥a
1
Mar
.
52
9% Jan
'
1
No par
1.700
107%
;
preferred—
Apr
Sep
2
49% Jun
-
213/4 Jan 20
r ;,
No par
10
No par
—1
1,700
.
11% '*"11%
223/a"
'' *105
*102
107
> 32,600
'
105%
>
104 »A 105%
*23
i 23% >■:
21%
:">• 47.
■-
'•;
1.5Q0
1,900
,
,.
150.
100
'
104 'A
,i : Z
11%;:;'
21 ¥2
47
;
.
81 ¥2
'r> 18%
1
'
.
30%
23%
•
/
30%
18%
104%
1041/4 1041/2
105
*106¥4
39
81
'
-
29
18%
1041/4
105
c
61
31'"
.28%
.
>
107
\Z
>
-81
'"30%
7,200
:
>v>12%i;-<12%:i:"Z;v:>l2%t>12%>"
22
*46
90
'
■$%
6
23%
Oct
34'A Aug 21 <
Nat Distillers
12,500
30%*'
-
23'%
"
*37»A
National Dept Stores
1,500
22%:
Cylinder Gis Co
Products
Nat Dairy
z
185¥2 185%.;
A > Z .20%
<
391/2
National
7,700
154 Z>156 %>:;
21
104 ¥2
'23 ¥2
473/4
*100'/4
18'A
19%.
29%
105'A
;
National Container.
29,400
106%
31%;
.
31'A
313/s
185%
*371/2
31%.
29
*
Nat Cash Register—
3,800
5,000
13,000
,..
*12%
61%
; >30
82%
31
18%
12
22 ¥2
81
31%
1041/2
24 '
11%'
83
*31%i
29%
*47%
;
.'82%
105'/«
.
105'A
"
83 , /.
31%
30%
.185¥2
; >154 % -<155
205/8
~
*82 ¥2
106% 106% ;106
385/8
12'A
*11%
605/s
National Can Corp—
5.4Q0
'
51%v •>v,'>52,:« '54<-/" ;
30 ¥2
z
v
& Share Corp
107
32% Jan 23
—100
preferred
Nat Bond
6,200
;
: ■
<>.21%: ;,31%:<.<*<■'" >21%
186
20%
17»A
40%
,33%
30%> 32%
61%'
'
29'A
;33
,
1%
300
223/4
-17%-/17%
12%"
57%
107
*37»A
31.
38
*113A
.
16%'
40%
«
10
300
'22%
■
>v30%/- 31 Z-
1
.21^4
:154'/2 .154%;.
20%
31
:
*106%
.
1541/2
52
21%
32%
184
/ * 152%
31%
39 >
12%
31%
184
153
153
153 ¥2
*51
52
kZZ21%/:>22/7>
7*106%:107 7
40%;
32%:,. 33%:
31%
51
22
107;
32'A / 32%
32%
184
153¥2
33
*113A
52 ¥a
21 ¥4
52
*1061/4
.
30%
•
30%
60'A
57%
32%
57'/2
12%
59
12%
55%
33
'"'/SI-
.
; *ii3/4
*11%
■
•<
,
Co
National Aviation Corp—
National Biscuit Co
9,200
6%./:'
Acme
Deo
31% Mar
1063A July 26
47Ya Jan 23
-1
'
190
.
National
107
3
...—-1 : > 20 ¥a
National Airlines
Nat Automotive Fibres Inc
38
22
>; 41
Nashville Chatfc & St. Louis
3,500
,
„:31"%
*185
263A
7,100
^
.
z
190
25%
;;15%T' 16
:'
,zl5% T16% >
20% ,f 21. ^ 207/a
21
: ■32%-:" • -.'T 31:%;; 32%>.
,
-
.
'
17'A
4,3(10
5,900
28¥a
26'A
27%
20%
25%
Jan'
Jan
113
Nash-Kelvlnsttof Corp^^^A^^O
100
51,000
l,88u
52%
'
-
ill
23
Mar
791/2 Jan
No par
Myers (F E) A Bro
103%
122
2
111
30
65.
Jan
'
25'A Jan
1
1
■■■
27
16 ¥a Jan
300
171/4
*62
i
87
25
2
17
111% Apr 24
11% Jun ,23
7
16% Deo
9
Oct
114
4
38% Nov
Jun 29
5
7¥a Mar 26
36
$7 preferred—
—No par
Munsingwear Inc
No par
300
Murphy Co (G C)
No par
100
■>110/ > 4%%' preferred
Murray Corp of America
IP
7,300
,
lll¥j>
17¥B
,-5
;
Mullins Mfg Co class B
.
7,100
119%
llli/z
•
Wheel Corp
Mueller Brass Co
Oct
19% July
31 % Apr
8% Jan
58% Oct 16
5% Jan 22
;
No par
products Corp.—
Sep
Sep
1131/2 Jan
10
22 ¥4 Jan
—
/Motor
500
16%
pi
22'/a
/ Motor
1.60C
> 43
"1061/2
¥2
•
-50
Essex
&
Certificates of deposit
Z
4,500
15%
:>>>,
•36'A •->;
*62
39 ;.
30
43
111%
17'/a
-*62
820
,
Deo
04
22'A
4
109'A Jan
preferred ser A
Preferred series B
'
120
16%
•
300
13
100
Jan
1% Mar 27
$4.50
>-106
.30 %- 30%
42
i6
.
29%
■«'.
*
.42
'15%
111¥2
17%
19,700
4 81/3
39
-
1191/2
112
17¥a
*62
39
3C%
106 ¥2
67%
Jan
Jan
75
42'A Mar 26
108 ¥2 Aug
No par
No par
$4 preferred series C—!—No par
Montgomery Ward & Co.—No par
Morrell (John) & Co—
No par
112
.
<!4f;»/4
8
70
47% Oct
Aug 20
Oct
Oct
Dec
82
160
13
108
Dec
13%
111
8
31% Oct 19
3
10
Chemical Co__
Monsanto
110
118
m
48%
-
.39
16
800
-•
J-
;
24
May
104%
Feb
Sep;
15
111
Mar 24
109
Deo
'
553/4 July
28% Nov
16% Aug
14
45¥a May
50 ¥2 Oct
53
7% preferred series A.
-100
Carpet Mills——._..__20
Monarch Mach Tool
No par
-
*46
No par
Mo-Kan-Texas RR
1,100
♦109%
;
—
39
111
Jan
22
26
86
3
Jan
10
103
19
28% Oct 17
3
35
9
Aug 29
47
10
137
Mohawk
1.100
113
117%' :=
67%
Corp.
11,500
108
113
*109%
>66
.'421/4
Mission
.
;
71/2 Jan 23
253A Aug 21
.
FebMar
108% Oct
.3
Jan
14
21% May
97
Apr,
109% Oct
3
Jan
Mar
112% Apr
32% Oct
Apr,
47
-
Jun
21
Jan
28 ¥8 Sep
20 3/4 Oct
106 ¥2 May 16
,
IS
27
24% Oct. 15
114
12
Jan
37
i-.100'
1 •"
No par
—ji-10
prefeired
108
.
3
54 3A Jan
-
19% Jan
19
Oct
11% July
44
July
110% Deo
29% Oct
109% Feb
373/4 Oct 16
33 ¥a Mar
:5Q
15,600
30 Mi
♦1051/3
■
39
36 ¥2
1111/4
17%
*62
,
14%
30 %
$6.50
6
14'A Mar lO
No par
4¥c preferred series D
Minn. Moline Power Impl
r;
5,700
>..37>Z 37%;
47 ¥3
47%
29%
108 ¥2
*118% 120%
30%
J4
.■•,■
113
39
15'/2
40
200
29%
-
106
30%
42
8,000
122
Apr
35
"
-
¥2
29%
35%
120 ¥2
10%
10%
<121
30%
31'A
163/s
"20
'
V
48
29'A
43%
3 7 ¥2
109
110%
109
Steel Products..
9
66
24% Dec
178% Nov
4% Mar
32% Mar
26
2
.
106% Mar
6
2
94
:>■>: Class B vtc...^.,
—No park
Minn-Honeywelj Regulator
;3z
4% conv pfd series B
—100/
4%% preferred series C—100^
1,300
!z;v
•
1.
Sep
Oct
52
l23/8 Mar 27
_1
1
35 ¥4 May
19% May
Mar
170
Oct 15
Jan
983/4 Jan
No par
.5 >
Machine Co
Midland
2,100
Z;
37%
;>
303/4
16¥a
12
Sep
51% May
29
Jun
120 ¥2 Oct
104
;•
Deo
25%
27% Oct 26
.:
1093/4 Jan 24
No par
May
: Deo
Apr
24
No par
No par
21
20
Jan
42% Oct 22
28% Oct 1-5
17¥a Jan
Jan
Apr
Jan
55 *
Sep
5
13¥a Jan 25
Aug
3Vs Jun
4%
52
,
4
16%
.114
Aug 14
-193/4 Jan:
-8% cum 1st pre/erred,
i.,.100
Minneapolis Ac St Louis Ry—No par'
Minn St P &• SB M A ytc
No par
1,800
29'A
29'A
*42%
Dec
16
37'A
13% Oct. 15
•
,
Z:
170
100
39
16%
24% Oct
Jan.
6%
May 17
43
Sep 27
107% Junr 23
Aug 13
30 ¥4 Jan 25
Mid-Continent, Petroleum—--—10
1,800
*115
383/a
*385%
29
10% Deo
Feb
12% Jan
195
193/4 Jan 25
__10
—
.
27'A Jan 29
-Metropolitan Edison 3.80% pfd__100
z Miami
Copper
——5 z
13,600
*115
47'A
38%
*106%
-t.
*36%
Mesta
1,400
H0%"¥ vf11.0
1125/s
67 ¥2
,
16%
16%
:
4
12
110
No par
/Melville Shoe Corp
5,100
:
110
5
McQuay-Norris Mfg. Co.
Mead Corp..
$6 preferred series A
A5^0 pfd ser B w w
.260
103A
104
'
'■>16 Z.'
27
'
*385/e
39'%
1,600
-
120%
30¥e
117'/2
;.
47
6% Apr
Feb
28
20
243/4 Jun
403A Jan 15
18
Merch & Min Trans Co..
Xl4V?f
13%
No par
——...100
450
110%'.%:
43
113 ¥2
66
48'A
39
*39
441/2
.
353/4
'/,■
♦1093/a 111
673A
*47'/2
39 ¥4
/
104%
70
lh
52%=
29
131/2
117'/2
*115
Jun
547/e Oct 15
35 'A Sep 13
303A Oct
8
30% Jun
34% July 17
1041/2 Sep 19
8% Jan
4
Stores Co.
preferred
3,300
30
'
5
>
No par
300
10%
48 ¥2
105
/
Oct
22% pec
391
13%
6
•82% Oct 11
111
Oct 16
22'A Aug 21
...1
Mengel Co (The)...
?
frp conv 1st preferred-
12Q3/8
'•
67¥2
¥2
20%
"
70
"110;
293A
30%
>
19
.
10%
2%
48»A Jan
l
Mar 26
275/e Jan
$4 preferred
io71/2
25'%
.''44
45%
*109
36'A
112 ¥2
,
53/8 July 13
9% Oct 16
;
9
176 ¥2 Jan
McLelian
50
19 3A
'
112 ¥2
8
18%
97/a Mar 26
40
100
2,800
158¥2
>*111%
?
12%
.
.
Sep 19
4
_i__lVo par
Alkali Wks
McGraw-Hill PUb Co--..-
.
22 ¥2
3
10%
48 ¥2
•
Jan
315
Oct' 23
21% Jan 22
1
McKesson & Robbins Inc
114
108%
9%
31,
52
35 ¥s
-
'106 *=» 106
*106
/'•
;
122
29
109
par
Mclntyre Porcupine Mines..
600"
16% -17;,: •
1103AH03A:
.10%
Co
80 ¥2
45 ¥2
53
*120
293/g 730
13%
371/4
49¥2
30 ¥a
203A Oct
2
7% Mar
100
—
38 ¥2 \
*68
110 ¥2
-
Dec
108% pec
143A jun
' Jan
2.
17-
1-0%. Jun >13
451/2 Apr 16
1,300
106
*104
,
48 Va
158
*109
■''
14
Nov,
38% May
Jun
<
Dee
48
X263A" Aug
26
Oct
31
-18 ¥4 Jan -22
MeGraw Elec Co....
1,400
,
106%
26%
93A
..
114 ¥2
11%,"
122
37
14'/4
36%*
/
30
30¥a
30
>
30
148
Jan
104
4
28¥2 Oct
8
No «oar
McCall Corp.
McCrory Stores Corp____
1
5% conv preferred w w—-J—100
800
v >
45
30 ¥2
•111%
i 109 >
.< 110
Deo
24% Oct
Feb
34%
•
Oct; -8
22 >/4 Jam
17
3% Jan
'
1,000
253/4
ZZ
'
t
105
103%
159
52
;
7s/a May
Maytag coi-j.-..
No par
S3 preferred.
>
No par
$6 1st cum preferred^... ..No par
170
36%
22 ¥4
107"
<173/4
30%
>69
.
2,000
w
28
*1123/4
,19%
-
♦79
3 ;>■¥ ■> 3
3%
--
56
114
20% July
25% Apr
135
8
Mar
525
7
Jan
May Department Stores
$3.75 preferred
2,106
l.ioo
>
64
:*1053A
.
25¥2
*37
v'
VVl6Z;>-'16%/
16%
46''
Jan 20
preferred^.—
01%
'
*111¥2
56
28
*36 ¥a
22%
26%
Z: 45/..;.
69
preferred
(Glenn L)
MathiesOn
'
600
1201/2
*63
.
v
114
45
38 3A
45
18
Oct
110
3
Jun
14
No par
170
42%; >42%/
V
IS 'A
79 "
158 ¥2
70
> 16%
16%
3
.>
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72
1201/2
,
105
*47% 473/4
107 - v108
9% . 10
159 > 160
160
V
Deo
165
Jan
20% Jan
May 29
63
Mar 28
24
No
5,300
■
■;*27%;;::,27%'
:
105%
*
*106
263/4
30% "
45% .46
46
1583/4
159 ¥2
37
25'A
'
159»/2
Apr
151
16% Deo
'
..1
Corp:
Master Elec Co
*'
51:. "51%
••
;
"
79
31
63
29
-
38 ¥2
107'A
155
,
22
<16 ¥2 Feb
1
36 ¥2 Oct
k
2V
__5
Martin
i,4oq:
''
27%
"1053/e
/
/
9% i" 10 ¥a
31 ¥2
45'/2
•
82'/2
48
3
Np par
Masonlte
4,500
V 51%
♦111 *: 114
42%'
*112 3A
45'A
26
39
48
103A
31 ¥a
-
82'/2
*38 ¥4
V
1071/4
107
10 ¥4
31
\
Go
Martin-Parry Corp.
'
19»A
1
*47'/2
35 y.
107
13¥a v' 13 ¥4
27%
36%
1061/4
105
-
45'A
28
425
3,500
*51
50¥2
63
25¥2
106'A
106
.17
5
44
17%
22
Jan
Deo
53
28
Oct 10
17% Sep 28
106% Jan 24
50
23% Nov
62 ¥2
Jan .16
31 »A Ja-h
Oct
July
271/2 Mar
Mar 27
473/4 Jan '
No par
10
2.400
!
106%
>
.
114
27%
.
22 ¥o
25'A
107'A
ICS
■
46
26%
>
v
19¥a
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.
105¥2
45%
>
•
108
105
13%
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26'A
52
28 3/4 Jan
,u_100
8.900
19 ¥2
1931/2
42% > 42%
51%
so ¥4
105 7/b
-22
;
.
4 ¥*%
28% '"29 -Z
106%/;,'; >
^
27 %
:
64
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223/a
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/> 37 --V-
37
114
26
19%
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47
22'/a
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26%
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19 ¥»
108
105 ¥2
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22%
114
"113
26%
"105
"46
105%
105 %
64
-•
183
2
147
::
pat
No per •
:
30
4
13'A Aug 21
10
No
A%%j pfd series A_
Sugar
,
ion
:
Market St Ry 6%
Marshall Field fc Co.
380
•187
'
'
65
37¥2
*105'A
<50:
-
•273A
641/2
37 ¥s
Forbes
2
' $ pet share
40% Feb
8% Jan
69'A Oct 25
Jan
-1
^
5
prior pfd_,
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6,100
'
42 »A
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v
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■
v" .42%
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42'A
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1114/
427/a
¥
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>
188"
13
27'A
:
A
'
Matacaibo Oil Exploration
Marine Midland Corp
29,800
-
18%
33%
•.">*51
65 ¥2
9
52
513A
106 s%
13'A
373/4
«%
161/4
16%
30
301/4
,..*109% 112. v
'V: 28%
29
'
28 3/4
42
117 3A
28%
18 Va Jan
6
>
23% Jan
166
—_____10
preferred____.^
Manati
5,800
;>,,•
'
13
37%
Z5v
:
V
.
"2834.
18s/ft
♦184%
42 3/8
26%
273/4
¥• ,>/;
9Vi»
17 •
/ '28
51 :r Z :52 ¥a
*64%
Co
Mandel ^Rma.y,
Manhattan Shirt
100
700
-
;
117 ¥4
37%
19
20
Jan 28
1&% Jan
50
Magma Copper..
Mahoning Coal RR Co...
8,600
:
i
-U-
4®a
;
• • •■
303A
33%
;
%
112
¥
50
19
3J :
23% Sep
40 ¥a Feb
per share
-
•106 ¥4.106%
'
*30 ¥«
1
100
Madison Square Garden...
300
3,700
10%
<"
19
:
•••;■ >
667/b Oct
_^__10
Macy (R H)f Co lnc^._
•
'•
625
10 ¥4
'
28%
33¥2
188
50'A
27'A
27%"
4
*109»%
i:-2ff¥a 1
1173/4
'
203A
•
18 ¥2
*111
28%
20%
*465
10%*
8% >■:'
13%
50
■7
■
51%
42
-
6%
100
:
v>
50;
,
No par
;
Mack Trucks Inc_
3,800
•
4%
¥
263/4
,66
>
•
>;
117aA
"
113
26%
50
!
187/B
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114
43 Ya
109%
.
287/a 1
4 1193/4
27'/2
27
20%
10'A
53
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43 ¥«
Z
Steel
MacAndrews
50
1.900
28 ¥2
:
Lukens
200
>
*108%
44
20 / "/"•• '
303/4 > 303/4
:>
42
-
106 ;;
"1C5
114
>•
yi
; 59
8
Louisville & Nashville
2,400
154'/2
59
•J4% Jun
313/8 Oct
Nn pat
25
*
Louisville Gas & El A
#
6,000
35%
,
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525
.
511/a
.273/4
•
106 3/8
13
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V
112
33 »/4
-
293/4
35%
v
'
'
109'/2
205/8
1
18 '/a
42 3A
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"
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—30
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27'/4
.
¥106%
13%
52 ¥2
49¥2
27%
'
42%
106 ¥2
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118
42
42%
133/a
114
•
60
'
50%
188
/
153%
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9
17
28 ¥a
34 ¥4
29
*184
52%
■>:
54
;
.
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3oy8;
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'
16'A
27
V
4¥a
17
19'A
l6'/2
I per share
3$% Oct 15
No par
Corp.
-
Highest
-
•
43/s
..8%
29%
>
1,300
!
303/4
.
•301/4
53
-331/4
-
29%
188
*184
42%
;
»
112
"
'
.
9%
17 ¥4
-31%'
"
19 ¥2
,
'
303A
112
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v
28 ¥a
18%
.52
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4%
*30
61%
43
20
ivZ"""'
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<0 60%
'J per share
Lorillard (.P) Go-;—1% preferred.—
4,800
,
20
61 ¥4
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A 10%
.10
:
31 ■;/'¥•
52%
28
-
'
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"
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■
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10 ¥.
:
(.
A
59V2
203A
525
182
:
25% Aug 10
$
1^.-4
par
Star Oeanent
-
Year 1944
Lowest
49 ¥a Jan .31
par
Corpi
Long Rell Lumbar A.
Loose-Wiles Biscuit
3,700
■
29'A
♦180 :
26 ¥a
1531/2
253A
20 ¥2
♦465
29
*
j
tone
3,000
.
253/4
-
JL09 -> •'
25¥4
21'A /
30-
•91/4
9
17%
30%
•
•: 434 ;■
9»/4
9%
■
43 ¥2
69'A
26 ¥4
*35'/2 ,36
60 -44'/a
109
525 i
*19
30%
35%
.59
-
69
161/8
,/
H 159'A
*152
27¥2
20%
20 ¥2
*19
V 303/4
;
44%
*465
IOI/2
10'A
-
35 ¥4
■
■
2,400
22 '.:
•
Lockheed AlrcTaft
Loews Inc
"9,800-
60 ®A
163/4
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1093A
>
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21 ¥4
525 »Z
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61
64 ¥2
Shares
26'A
61 'A
16 ¥«
1541/2
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27
20%
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525
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1091/2
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21%
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;
607/a
16%
59%
44%
62
19,300
21 ¥2
'
30%'
64
,
182
26¥»
30 ¥a
I
331/4
Range,for PiwhW
•
•
Range Since January 1
Lowest
Highest
;
EXCHANGE,
<"•
share
31 ¥b
.
NEW YORK STOCK
the Week
1
$ per
29
180 >/a
■,
26 /
61'A
16%
r
26 ¥4
183
26
'
«?.
Oct. 26
share*
31 ¥2
30
•
Sales lor
Friday
Oct. 25
105'/2 Oct
18
79 ¥4
Feb
95
Ike
17
105 ¥2 Oct
20
83%
Jan
.98 V4
i*'<
18
5¥a
Jan
11Y4 No*
Mar
,11% July
97'/2 Jan
:
3
V 10% Jan
10% Jan
-
24% Oct
3
12% Feb 24
153/4 Mar 26
Jan 22
30
24% Oct
49
Oct
6
8
108¥2 Mar 12
103
Fib
6
,66
Jan
4
105
Oct
106'A Oct 26
107
9
18 Y4 July
13%
Jan
22
Jan
32% Pec
96%
Jan
^05% Oct
66
Jan
68
104
Dec
106
'
Peo
27% Apr
35
-
Pec
Oct 22.
105¥2 Jan
32
A
Aug 20
109'A Oct
?2
2
407/aOct 18
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•
55
28 Va
28%
28 Va
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51
51
50%
50%
128
128
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25
*24
26
*57 Va
>:
19
19
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253
253
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28%
55
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256
255
255 %
253%
In
;
19
19%
30%
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111%
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•22
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V
111%
18%
18%
18%
18%
30%
30%
30%
109%
110%
15%
'
114%
110
111
.
15%
110
14% >15%
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114%
114%
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14%
22%
22%
22%
/
22%
22%
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31%
30%
>
31
30%
31%
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31%
161
*160
,
161
>30
32
31%
95
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77
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94
78
,
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165
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77
76
94
m 74%
16%
16%
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18
18
18
18
17%
18
*79
82
*79
82
36
36
35
35
43%
58%
43%
43
435/8
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58
58
58%
58%
58
58%
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76
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82
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36%
43%
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59%
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60
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142
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171
171
59%
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59%
r
■
60
•
141%
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^
172
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8%
8%
8%
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a
v
/
8%
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26%
:
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11
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....
•>:*
58
-41%
42 %
52
10%
11%
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743/4
3%
8%
7%
27%
73
130
'
:
27%
133/e
-i8%
183/4
.,*71%
130
34
34%
34%
14%
14%
14%
7%
7%
7%
88%
88%;.
*26
343/e
14
14%*/
90
26%
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40%
42
42
*39
40
40
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88
*87
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27
26
41%
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25%
>
33%
114
26%
13%
13%
18%
18%
18'/a
132
14%;
.
90
'j
v
•
40
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42
42
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:
87
87
85%
y
25
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24 Va
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40%
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'
41
V
fy P:
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25%
25%
26%
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26.
26
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112%
1.000
36
26
92%
92%
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93
92
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93
-
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'
57,800
1,400 ;
600
113
v
/
.
93
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112%
.
18,400
1.100
26'
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'
400;
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■
33%
>
900
1,900
i;
;
41
v
87
87
,
41
40%
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40 3/4
*86
12.600
>14.500
A
35%
111
32
*32 %
107 %
9%
9%
33
34%
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107%
33
•106
107%
9%
9%
9% ',
•33%
343/4
106
*33%
106
9%
13
13
13
13%
13
13%
13%
13%
27%
28
27%
28%
27%
28%
27%
27%
32%
33
32%
33
32%
33%
333/8
333/4
66%
66%
66%
66%
66 Vs
66%
•'
66%
66%
♦113
114
93;
28%
119
37%
38%
66%
66%
28%
27%
28
>•
15%
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15%
38%
110
*121
135
67
23
*119%
53
*18%
32%
106%
37%
67%
110
32%
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15%
*109%
22
123
*119%
113%
113
113
113
13 Vb
,
53%
:r; i 52%
19%
*18%
32%
323/8
106
106
106
*121
135
*121
119
119
153/4
119
15%
38%:
'•:■
6%
6%
6%
6%
*86%
87%
87
87
10%
10%
10V2
10%
13%
'
27%
118%
1183/4
15%
'i*
37 Va
65%
*110%
16 3/«
22
21
21
*119%
53%
52
193/4
..
101%
101 %
21%
21 %
*100
21%
,
$6
110
2,500
118
125
: 15%
32
37 Va
645/8
*110%
22 Va
16%
*195
*195
*200
205
193/4
*18%
33
106%
V
*106
•200
125
*119%
52 %
193/8
37%
*200
205
9%
9%
12%
86%
86%
36%
36%
•196
65
119
*112%
64%
Oct
Jan
2
28
104% Nor
17
23% Nov
14
5
105
Dec
8% Apr
31
22
25
99% Aug
8% Jan
18
Apr
100
*85%
87%
86
36%
35
'
18%
19
125 '
52%
7,400
800
33%
18
19
993/4
22%
30
30
19%
19%
23
*29 %
19%
23
86
10%
>
V
64
204
11-%
/-
-
9%
9
*112
*97%
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/ *200
/-r-
11%
9Va
12 sr
*112
120
63
63 %
par-
.
23%
.200
633/4
>
12
*196
17%
18%
100%
18%
18%
100 Va
'98
22
*30
1934
19%
215/a
22%
21%
21%
65%
65
65 %
••
22%
-
23%
23%
23%
23 %
23%
23%
108%
103 %
109%
108%
101%
109%
109%
109 V*
110
115%
116
115%
116%
115
115%
115
a
4,300
30
.
120%
121
121 %
121%
121%
121%
121%
1215/a
136%
137%
137
137%
136%
137%
137
137
see
page
2035.
Coke
121 %
5%
1213/4
137
2%
1
July
Dec
Jan
30
Dec
*
Sep
37'A July
Apr
17
Oct
10
5
29.
Oct
8
14
Oct
27
5
72
Mar
9
136
Jan
10
17% Jun
98
Mar 26
Jan
26
5
113
59%
5
Aug
Feb
X70%
Nov
Mar
18%
Dec
?00
Chic Ry
5%%
1st
ser
Mar 28
43% Oct
18
18
40% Oct
88 %
Sep
19
Jan
23
28 %
Oct
16
July 27
36% Oct
6
Jan
2
43% Jun
Jan
19
117 % Jun
11
2
116% Jun
25
34% Oct
23
:
5%
pr
f
Plttston
Co.
9,800
Pressed
Steel Car
4,800
Procter
&
Pub
Creek
&
Co
Serv
$5
109 Va-
1093/4
720
llS
115%
1,390
121%
1,190
7%
810
8%
6%
Pocahontas
class B
54%
Jan
96
Dec
33%
Jan
65 %
Dec
Inc
Co
Corp of N J
preferred
preferred
preferred
preferred
I
11
25
;f
105
Sep
Nov
9V« Jan
Dec
40%
Apr
71
20 Va
Feb
26%
Dec
49%
Jun
59%
Dec
88%
Jan
108%
Dec
68% July
Oct
3
1
28% Oct
Apr
Jan
26%
Oct
Apr
119 Va
May
19
10
19
16% Oct 25
40 % Oct
5
122
21%
23% May
8
28% Oct
2
2
Sep 29
21% Aug 27
33
Jan
f
117
24%
Oct
July
37
Jan
Apr
9
48% July
14% July
23%
Feb
28
28
Sep 28
105 Va
Nov
108
8% Jan
Mar
2
5
1
22
22% Oct
5
,78%
92 Va
Dec
Apr
Feb
68%
10%
Nov
90
Nov
11%
190
Jan
68
■
21
198
12%
205% July
183
9
9% Oct
17
4
17
6%
13
2
Aug
6% July
Apr:,/;
:v
9% July
117% Oct
17
82
Sep
100%
Dec
Mar 27
69% Jun
26
45-
Sep
61%
Jan
Feb
20
91
Jun
Jan
2
Jun
9
198
Jun
9
-
19
20% Oct
27
99% Oct
19
17%
Jan
2
25% Apr
No par
24 V*
12 %
16%
55
Jan
3
31
Jan
8
20% Oct
11%
175
8%
15
Jan
30
Oct
3
73
57% May
26
43% Jun
6
Jan
121 %
Mar
Mar 10
74%
17
102%
106%
110
Dec.
171
Jan
;
Dec
190
>
Apr
4%
Oct
••
8%
99
100
2
Jan
17/
Jan
164%
—
:
69
175
,
19'A July
19'A
JaD
25
11
8%
Apt
13 Va
24% Sep
Apr
18%
19
Oct
23
52% May
Jan
2
26
Jun
21
13%
Jan
Feb
16
110 '
Oct
25
87%
Jan V
Jan
30
96
4
Nov
Sep
66
Jan
Oct
83%
16%
Mar 27
22
117% Oct
8
123% Mav
9
Nov
14%
Jan
May
Dec
22% Aug
Jan
Nov
11%
Jan
.
Dec /
Jan
.
7 Va
101% Oct
July
/
Jan
61
19
10% Oct
85VaJan 15V
15% Jan 31
Nov
117
Jan
Sep
42%
v
16% July
Feb
11%
x98
25
Oct
108 % Feb
' 8VsMar26
'• V 49 %
100
100
100
107 Va
Oct
7
5
115
Jan 23
100
No par
No par
28 Va July
23% Mar
105%
Dec
74
Jan
No par
Gamble
19 Va
;
10
Sep 13V
56 Vs July 24 .
113
Apr
6
107% Sep 11
22% Oct 25
14% Jan 20
120
Mar
8
111
Mar 29
& 55
Mar
6
44% Jan • 2;
Jan
No par
1
Dec
Jan
34>/» Oct
5
Plymouth OH Co
Pond
Dec
26 Va
29% Oct
-
Jaa : 2p
Aug 22
6%
1
100
(The)
Preferred
Dec
17%
Dec
18
-
100.
100
100
100
Dec
70%
10'A
'
18
Mar 22
32
Jan
13% Oct 25
Jan ' 2
Aug 20
Jan 23
Jan 25
Jan
2
No par
100
pfd
33% Dec
22 Va
:/
.
Jan
112
21% Jan
55
Jan
25
6
12% Aug 21
31% Mar 27
No par
conv
4
V?:.:;25% Mas::/
Jan
21% Jan
17% July
Jan
110% Mar
22
25
117
Dec
Jan
16
41'/8 Oct
9%
19 %
25
57
106%
1
25
50
24%
9Ve
26
9% Oct
Dec
Nov
2'A
Aug 21
108
Dec
'
113
37%
18
2
8% July
20%
23
Apr
Jan
Jun
13% Apr
26% Mar 19
3
May
Oct
Aug
4% Jan
8% Aug 14
2
31 Va
23%
51% Apr
63% Feb
i
38% Oct 26
:
Aug 23
Jan
Dec
Apr
Feb
15% Apr
•
May 28
Oct
2 Va
18%
18
24% Mar 12
Jan
■
26%
V
11
Mar
5% Dec
109
1%
Oct
Jan
-
61
Jan
23%
4
Oct'24
.
Jan
18
.
Jan
45
July 26
x37
24
Feb
6% Aug
103
i
6
26
6
No par
..1
preferred class B
preferred class A
65
137
Sep
57% Oct
16
Co—No par
preferred
22 Va
136%
26
75
22
Jan
Dec
-.17%
Feb
15
44% Oct
Jan
Sep
7% July
3% Jan
25
110
Jan
25
No par
preferred
Poor
121
Dec
163
19% July
Oct
16
Oct
.100
No par
100
No par
Pittsburgh & West Va
Pitts Young & Ash pfd
'
136 %
Apr
Jan
4% Jan
V
11% Oct
Apr
Ltd—..—5
Chemical
&
800
29,500
Dec
123 Va
.6
94
1,700
25
42%
12%
15
111
8
••
1
Iron
preferred
la3/,
23%
Jan
,.
M 34% Oct
26
106
5
22
'
Dec
Jan
25%
30
18
Jan
—
J
64%
'.'
8% Oct
,28% Jun
63
par
No par
com
Mills Inc
21%
23%
Dec
39%
5
.,17% Mar
Mar 26
—.3
30 %
4,400
Dec
t 35%
48
23
26% Oct
•
5% Aug 21 p
68
Aug 21
7%
880
18%
25%
Jan
149
Aug 17
2
27%
32%
2 %
29%
—.1^.1
Pittsburgh Steel Co
2.700
100 Va
Jan
117%
Jun
,10
r
Oct:15
:
Apr
-
/
Sept 25:
175
Mar 20
Jan
Sep
13
48%
Jan
30
141% Oct 17
,106%
No
Co.
193/a
115%
3
Sep
14%
Jan
,
St Co Inc
30
,
Jan
4%
56
100
of America—..—9
213/4
30%
I 3
106%
15
18
■h 65
16% Mar 26
.13% Jan 31
29 % Apr 26
Mines—1
——No par
Pitts Screw & Bolt
*191
18%
*98
116%
footnotes
Jun
a.
Jan
Jan
Oct
44
100
100
7%
20
13,000
70
108%
For
64
Sep;
8%
39
Oct 15
x60% Oct
Mar 27
—1
Pittsburgh Forglngs Co
120
65%
3
100
Pitts Ft Wayne &
9%
2
Jan
39,
24
Jan
100
Hosier?
S5 conv
50
21
1,100
115%
23%
100
205
Jan
10%
10
126
Pitts
6,200
35%
*98%
x65
-
85%
193/4
66
10%
35
22
22%
V 7o% Lie
16
87% Oct
118 Vs Aug 20?*
6%
700
85%
30
65
jua
55% Feb
;i7»/4 Jan
19% Oct
:
:
9
Pittsburgh Coal of Pa
3,300
35%
19%
22%
-
85%
215/8
22%
May
t>4
16% Oct 26
2
20
Mar
5%
,;
1
Co
Jan
Jan
100
_
34%
30
65
147
109
Dec
20% Mar
28% Oct
108% Oct
11% July
108
Dec
14% Dec
24% Aug
157
Sep
Oct 23' '
78
Mar ,8
6
3
16 % Jan
100'
preferred
$4
-
6%
86
85%
193/4
22
135
34%
22%
64%
2
m*l y July
15% Sep
7
31% Oct 23
x88
Oct 19
Pitts C C & St Louis RR
85%
30%
64%
3
2
4
22
2
26
Jan
13%
11%
45 %
24
34 Va
48
38%
.
-
—1a
No par
Corp
'
19%
22%
Jan
Jan
58
2%
Corp
'
]/'■
22%
64
Jan 24
No par
Electric
Pillsbury
*195
■
204
r
9%
119
r;
10%
21
*293/,
30%
20
22 %
23%
10%
12
33%
J
65/8
6%
"
22%
Oct
20% Feb
31% Oct
113% Mar
" 16% Mar
118 July
23 Jun
32% Sep
•. 164% Jun
Aug 20
22% Jan 30
74
Feb 7
—10
preferred
*. Phoenix
700
440
86
100
*196
993/4
100%
56
3
107 Jan.
13% Jan
23% Jan
155 , Jan
2nd preferred
Philco
700
106 %
*121 W
135
6 5/8
36
*20%
205 '
*85
*196
'
*97 %
63%
36
*98
,
Mar 17
16%
24%
106%
11%
0
10
Inc:
Philip Morris St Co
4%
preferred
Phillips Jones Corp
7% preferred
*
Phillips Petroleum
200
*33
21
*112%
86
*36 %
2
.
3
107% Jan 12 '112
12.50
;
preferred
Phila & Read Coal &
2,600
*106
*195
9
65%
19
100%
'
10%
11%
119
65%
*196
20 %
*200
9%
11%
*112%
*120
-
*195
12%
65%
19
*
*195
205
Dec
16
4.4%
5,400
65 V '
111
15% >20%
33
106%
100
100
21%
9%
119
*100
I" 10%
101
12 %
65
135
63/4
9%
*112%
•121
;
86%
12 %
9
12%
22%
'
12% May
$1 preference com——.w—No par
33,000
23%
•23
22%
523/8
52
32
106%
V/ "37%
*119%
6 5/8
21%
Jan
112
Oct
Dec
106
Jan
5
Consolidated
(Chas)
Phtla
100
118
65
f
85%
♦100
>
17% Oct
Milk Co..
Pfizer
7,400
27 Va
111
V
63/4
10%
100
xl3%
26
116% Mar
6
12% Jan
*
27%
64 Va
87%
10%
35% Jun
Dec
Phelps-Dodge
Corp
Philadelphia Co 6% preferred
570
113%
*110%
52%
*18%
32%
106%
"•/; 37
66%
111
6%
H
Dec
11%
53
Pfeiffer Brewing - Co——
4,200
19,300
27%;
273/4
273%
*86 3/8
,
Dec
54%
Jun
Jan
Dreferred
4% %
~
15%
36%
67%
111
135
19%
Jun
40%
4
,
Jan
7%
24
Petroleum Corp
27%
•113
113
27%
9%
'
123
15%
51%
Oct
'50
'
*22
';.
*118
1
July 31
14% July 2
110% Jun 26
27% Oct
59
Sep
Dec
1,400 ::
66%
27%
19 %
32%
66V4
/
:,^;.'9%
i.
Pet
20;
34
28%
119
Dec
Jan
3,900
28%
33 V«
28%
53%
*19%
273/4
33%
28%
67%
123
52%
273/4
33%
28
23
*119%
27 Va
28%
110%
*22
13%
28%
68
110%
9%
113%
113%
107%
13%
28
V
118%
15%
•67
-
122%
4%
Inc
Davis St
5%
400
3434
34%
93/8
28 %
28%
28%
15%
'.r
s
Jun
.
600
.
9%
113 %
28%
*118
I"
,
107%
*106
9%
:
116 Va
Mar
26
—2.50
(
21%
No par i
6%
10 ,. xlb
Penick St Ford
No par
59
Penney (J C) Co—
No par
106
Penn-Central Airlines Corp...
1
21%
Penn Coal St Coke Corp
—10 /": 11%
Penn-Dixie Cement
No par
;
4
$7 conv ore! ser A
No par
62
Penn Glass Sand Corp
No par
19
5% preferred—
.100" 112
Pennsylvania RR
50
,
33 %
Pennsylvania Salt Mfg Co—__._10
37 Va
Peoples Drug Stores Inc
5 ,>
30%
Peoples G L & Coke (Chic)
100 . f 69
Peoria St Eastern Ry Co
—100
14%
Pepsi-Cola*Co
;
33VaC
21
Pere Marquette Ry Co
;
100
19 %
5% prior preferred
100
92 %
'
32
*106
*21
'
•
40%
41%
41
98
34%
V
Dec
2,
124
47%
;
: 14% Oct
Parmelee Transportation
Enterprises
2,500
75/8
34%
111
218
11
6% Jan
No par
50
2.50
Patino Mines St
26%
*113
40 %
•
86%
243/4
114
Jan
2
Apr
Parker Rust Proof Co
.
400
14%
*25
26%
8,300
5,900
Cos
Utah
Parke
1,300
.
18%
38 3/4
95%
90
'
*113 v"-
♦113
v
90
*>25
^6%
87%
26
Jan
193%
Apr
Pipe Line—No par
Tllford
St
Park
4,700
70% Y
7X
Park
-
15,700
.
136
37%
;i4%
37
8,200
133/a
70%
•13%: a 14%
7% fv' 7%
-
7%
40
;
33%
9
50%
conv preferred—
Paramount. Pictures Inc
37,700
'
27;
a
134
133
343/8
34%,
-7 %
'71%
T: 71%
72
42
*111
94
:27»/4
12%
18%
33%
26%
*92
27%
13%
*25
~.41 /:M:'
Dec
17
50% Oct
Oct
258
31%
4%
,
34%
7
25%
33%
*111%
27%
*13%
26%-:
40%
:-
34%
89%
*113
40%
.
*25
i
Jun
23%
115%
No.oar
preferred
Paraffine
,
3%
:'X 3%
132
*■■■
V
92
90%
.
33%
> 34
-
7% "
7
198 Va
Jan
Feb
Panhandle Prod. St Ret.
500
57%'
v:
4%
200
61,000
44%'
-
it 56
■
34%
132
:
34%
7%
Jan
14%
129
Jan
Petrol & Tranf.p—_—.5s:
Panhandle East
8,200
109
*106%
3%
72
132
19
26
Jan
Motor Car
Pan-Amer
500
11%
74:
*71%
34%
■
X18
14%)
*25
40%
V
130
Oct
17%
Pacific Western Oil Corp,
Packard
12%
■
A;
72
•; *71%
410
Dec
37%
preferred
Pan American Airways
35
34%
34%
..
88
26%
*113
;
72
Dec
2
July
-—100
,121%
100160%
60.000
26%
27%
13%
18%
129%
!.
130
hy. 3% > 3%
3%
35%
14
44%
4
Telep St Teleg
46.900
34
,
56%
27%
Jan
26
No
8Ve
15
111
44
54
3%
30 Va
56 % Oct
Mills
20%
43%
42%
54
35
26
17% Jan 31
Pacific Tin Congol'd Corp
4,900
,33%
109
*107%
109
43%
18%
V
,
8'/a
lP/o
11%
10%
73
"'73'- V
11 Va
6%
240
26%
•105%
111
53%
13%
18%
*71%
/.;>
:
333/4
:
41%
35
Oct
Dec
48% Oct
:
7%
563/4
27%
13%
18%
33%:
-
5.200
X'X'isX
42% T
34%
'
,
Pacific
.
Co
20%
20%
;
15
111
73%
*107%
•
y
10%
;
8
19%
15
•,
73%
•
.
"60
8
26%
54%
3%
3%
109
18% July
Aug 17
Electric——_—25'
Lighting Corp
No par
Pacific
26
8%
8
26%
343/8
111
109'/a
>
406
1,300
141V3
41%
56%
;;-54%
3%
27%
•
*107%
.43
42%
,
35%
12%
109
*107%
;>•
54
34%
•>
*
74%
Jan
20
Jan
St
Gas
Pacific
172:
33%
-
-
Pacific
*171
26%
2nd
150
*140 Va
8%
%
11%
24% Mar 14
118'
preferred non-cum
No par
preferred non-cum—No par
1st
11.000
-
.
.57%-
Coast
Pacific
'
172
143/4
>: 10%
26
46
Pacific Amer Fisheries Inc
390
59
575/«
*58
59
*58
20%
110
110
29%
118
26% Mar 27
1,506
.■'
43% ' "
36%
•
43%
141
7%.
34%
34
110
37% Jan
No pur
Oliver Corp.
No par
4% % convertible preferred—100
Omnibus Corp (The)
8
8% conv preferred A—
100
Oppenheim Collins
,
10
Otis Elevator
No par
'
6% preferred
—100
Outboard Marine & Mfg
2.50
Outlet Co
No par
70
*171
193/4
11%
74%
*
109
•106%
34%
34
34%
110
35%
X 57%"
•143/4
-
81%
36
43%
423/4
r
*
*108 %
Jan
,
110
Owens-Illinolf Glass Co
82
♦140
-
26%
8%
«
82 V
*79%
X*35
15%
'
20%
*15
24%
9
4,200
l63/4
16%
1173/4 .'-■18 > *,
16%
*16%
17% : 17%
'
20%
>8
7
8
106% Oct
219
Ohio OH CO—
:. v
18
76
75
••
171 %
170%
8%
:•
.
Jan
21
105% Jan
1 Ohio Edison Co 4.40% pfd
1 400
/
94
141
140%
171%
26
20%
15 %
142
8%
<
8%
20%
--
171 %
31
Jan
-'v.
'
36%
■
Jan
62
16
Norwich Pharmacal Co
20
165
30%
*89%
"
31
*87%
; ".->•87 > i 94
*161
161
161
31%
31
31%
Dec
19%
16
20
Preferred
7,200
Dec
35%
15
Jun
14% Aug 21
9% Jan
Telegraph
Norwalk Tire A Rubber
1,200
30%
23%
59
19% Jan
Northwestern
50
22%
82
V 34%
'
31%
43%
8
114
114
14%
114%
Jan
50
Airlines
Northwest
10,500
14%
114%
15%
pfd-No par
No par
Northern States Pow $5
850
;# HI
in
V
500
26/
26% Oct
53% Jan
Northern Central Ry Co
8,500
'110
Aug
X 39%
50
1
50
100
Northern Pacific Ry
16,600
30 Va
14%
*79
20%
X'-
*110%
18%
110%
50 Va
148
——10
preferred series
5%%
102% Sep
100
pfd
North American Aviation
2,700
V
,
30 Va
■>111
*35%
•15
17%
»
18%
16%
-
16%
30
110%
Mar 26
210
54 Va
54'/a
17%
.
,16%
...
18
16%
56
111%
•55
.
Apr
75% Jun
162
Docki
Dec
35%
Mar 26
7.900
<
14%
32
Dec
3
32% Jun
22
41
130
56%
21% Jan
July
109
••
58% Oct
Mar 22
2
210
55 ;4
>,-,'13%
14% /' 14%
74%
*17%
-
y ': 55
541
j 45
Jan
5.400
/
19 Va
*87
30
90
54
.29%
112 Va
46'/a ■■■46%
Jan
17
26.700
28%
*111%
46%
31
/
161
29
.*86
> 73%
V
29%
112%
45,
97
9
2
"
22%
22%
31 Va, ri
/
30%
*114
28%
:.
110% July 18
Jan
-
28% Jan
30
112
18%
No par
12,600
12%
;
31
15
14%
114%':"'
•114
py
110%
110%
-
111%
111
15
•14%
*110%
22
Jan
23
.800
18%
307/a
V
13
112
,
Apr
13
22
non-cum
North American Co
22,500
57
30 Va
110%
19 v»
30%
110
18%
26%
112%
.
14%
55% : 56
15%
16
16
16
29
26'A
56%
16%
26
Jan
Adjust 4%
26%
13%
54%
*54%
16%
r-i *123
124
' 12%
j
.
45
•53
13 % v
850
124
56%
12%
112%
43%
53%
11%
54%/.
30'A
110
:
28 Va
112%
44
•'
t y 53%
•
11%
16%
29%
111%
28%
100
255%
>110%
12%
110%
43%
55
*54
16%
12%
110%
111%
49%
56 %
.....
13%
:
30
6,900
26 Va
.
110%
43%
11%
56
—-
20%
254
■
:
share
per
17
21% Oct
No par
$5 non-cum preferred
No par
NY L Harlem RR Co
—SO
N Y Power & Light 3.90% pfd—100
N Y SLipbldg Corp part stk
1
Noblitt-Sparks Industries^
8
Norfolk & Western Ry
—100
1,280
*47%
,
:
$
share
per
31% Oct
14
Aug
10314 Jan
York
share
per
C
25
109
No par
No par
No par
,
t
share
per
100
New
400
i/v;
106%
19% :
254
<122%
26%
'V
12%
1
'
112
*53'A
56
56%
110%
.13%
y i&m
124
*122%
26%
123%...
26%
•122
26%
29
55
c
16 Va
255
56'A
11%'-i
11%
49%
*47%
27
59
390
20'/a
48%
43%
V
19%
*47
112
:
19%
19%
19%
123%
59
105%
105%
48
56%
29%
43%
105%
.._,y • \
Highest
16 Va
100
N Y
300
*335
*
395
*335
x
preferred series A
City Omnibus Corp
4,300
26 Va
v:iv ■26
105%.
19%
12%
112
42%
105
36%
eferred
6%
>'•>3.500
131
36%
57%
57%
V
395
•335
105
"i
v
26
48
>
*109%
,V;
58
*57%
395
36'
j.
Lowest
-Highest
Y Chic & St. Louis Co
N
900
• '.
18% Jan
1
Dock—1
Central
York
New
52.400
50%
130
130
Lowest
York Air Brake
New
1.000
28
*49
50 Va
•24
26!
*24
-
57 Va
57 Va
104%
26%
13
•103%
•111
26
56%
..."
56%
12%
■■■y 35Vc
36%
27%
27%
128%
35%
255
254%
123%
"27
26%
*55%
127%
35%
19%
*48
;
127%
50
19%
M
123
•24
105
50
27%
35%
395
105
105 %
27
48%
*335
*335
1
399
105 %
■ya 27%
y *48%
28%
48%
*53
54
53
49
127
58
*57%
58
*340
i
26
*24%
-
55%
48%
-
35%
35
*54,'.:
$5 conv pi
110%
54 PM
•110
,
Year 1944
Range Since January 1\
,
$
7,400
21%
20'/a
20%
112
/
27%
,$■:
129
127
"
*110
112
'
56
55
56
*54
55
19%
20 Va
19%
*110
NEW
Newport Industries
Newport News Ship & Dry
'
i
.
Range for Previous
STOCKS
YORK STOCK
•
EXCHANGE
4,100
30
29%
29%
•
Shares
t per share
S per share
29
-
->*;%.
Sales for
the Week
Friday
:i':
Oct. 2G
v' Thursday
Oct. 25
29%
J/2
AO
20
:
t per share
t per share
JV2
20%
20
20
19%
Oct. 23
9 per share
f per share
j
Wednesday
«
Oct. 24
Tuesday
Monday
Oct. 22
Saturday
I
V
r ■,r
RECORD
NEW YORK STOCK
PRICKS
LOW AND HIGH SALE
]
..
Monday, October 29, 1945
FINANCIAL CHRONICLE
,THE COMMERCIAL' &
59
18%
18%
May
Dec
Dec
July
Dec
Dec
Jan
109%
Oct
104%
Jan
113%
NOV
113%
Jan
122 Va
Deo
/
Volume
162
Number 4433
THE COMMERCIAL
& FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
Saturday
Hooda*
:
Oct. 20
*113 %
113
63%
20%
,21%
110
"
17%
9 per share
FrHay
Oct. 25
9 per share
,7,.'
9 per share
*113%
114
*113%
114
*113%
60 %
62
59%
62
60%
21%
21
21%;
20%
21%
20%
21%
21
110
110%
.
33
18
•••>17%
110
33%
v
110
33%
>18.d
:
110
32
,
18
!
,
*108%
,i-
33
*17% V:
18
7
32%
:■>
»/;
110
Shares
61%.
'.
>
33.39
;
//.
;...
..
Range for Previous
STOCK
Range Since January 1
Lowest
Highest
.
9
Par
•
per
share
Pub 8er El & Gas
pfd $5
Pullman Inc
No par
112% Oct
No par
NO
5%
Quaker
State
Corp
Oil
Highest
share
per
9
share
per
Jan
20
119%
Feb
65% Oct
10
37%
Jan
52 Va
July
Mar
113% Nov
47% Jan
22
17
24
21% Oct
19
Sep
4
110% Oct
9
14%
103
18
106
Jan
108%
33% Oct
Dec
23
19%
Jan
24%
Oct
18
16
12%
Jan
16% Aug
Jan
May
pur
Corp
23% Jan
3
it
i»w
Ref
118
Year 1944
share
nr>*
preferred
uaitenea
per
Lowest
100
(The»_
conv.
Purity
700
9
8
Pl«r« OO
;
2,000
i -i;
18
> ;:>/«7%
>..
700
'•
v
YORK
EXCHANGE
f
29,600
r
109%t,1
NEW
V,
20
8,500
.
,
21%'.
.
32%
>:
/
114
*108%
32%
17% f 17%
;
the Week
9 per share
63
113%
Sales for
Oct. 26
61%
32%
17%
Tha'sdav
Oct. 24
113%
•21%
33
STOCKS
Wednesday
Oct. 23
RECORD
PRICES
63
62%
110 v
SALS
113
■
62%
110
:
*32%
—
9 per share
114
HIGH
Tnesdav
Oct. 23
t per share
AND
15% Jan
22
,r
Feb
•.
/
15
15%
/
*88
15%
.
12%
•*: 106 Va
106
*104%
123/4
*
/.
12%
15
;
*38%
39%
23%
106%;/
105
104%
23%
♦38 .■■•;;■,•
38%
<
Z/
243/8
23%
47%
.47% ».J.z,'*471/4
42%
22%
•42%
.*
11.-;','
:
'• •A
393/4
•> 105
> 105
:40 Va
/
-
*102%
103%
80 %
82
:
27%
*38
;>;■
37V,
23%
23%
•;
..
40
40
223/4
42%
42
80
:
*101%
30%
102
*103
;
105%
22 Va
10%
11%
102
223/8
23%
80%
*27
28%
102
22%
27%
11%
273/4
22
22%
107V4
223/4
110%
201/4
39 Va
>/;;*39./
30%
102
'30y4
♦101%
30%
303/4
*40%
"41%
y8
21%
20%
*106%
108%
108 3/4
193/4
19%
193%
393/4
f#41-K
41
X
if//
38%
*40'/a
"
103%
103'%
23%
23%
23%
23%
22%
23
133/8
133/8
13%
13
13%
13
233/4
233/4
*23
233/4
7%
7%
283/4
24
*233/8
*28 %
7%
28%
*45%
47
22%
*45%
26.'
26%
47
,'V
'
12
12%
74%
47%
76%
*56%
*56%
58
*108
♦108
111%
•111
26
8 3/a
26%
47%
12%
12
12
"
56 3/4
*110%
/
111%
*
77
111%
111
111
/
26%
/: 56
£$
37^4
1103,4
9Va
9Ve
9Va
24% '
233/a
24%
223/4
23
'
.
37
3/4
25%
10%
900
titty*
38 % '
22% ; 23 U I
22%
23 Va
llOVa
110%
9%
S3/a
100
0*
"26%
8? %
2,100
10%
■
373/4
9Va
23%
24 Va
99
99 Va
99%
99%
99%
99%
973/4
99
97%
97%,
97%
18%
18 Va
183/4
19
19%
77%
19 Va
19 3/a
19 Va
20
20
79
*77
20 Va
370
6,600
20%
*74 V*
// ' 20%
65
6.7UJ
*74 %
77%
•
20%
64
29%
30
t
29%
29%
*20 Va
21
*637/8
20%
64
773/41
77374
*74%
.,
'
20%
64
64
20%
64
29%
30
i
79
-
.
*77
24
Z;
6%
8%
8%
,./•
'
41
41
*41 Va
43
43 Va
17Va
173/a
17%
17
51
*50
*173/i
■
■■38
•22%
*42%
17
51%
51%
'
50
8%
40%
44 Va
29
29%
29
17%
if//./
.
17%
173/8
23%
*22%
72
73%
70
73%
39
39
39
39
16%
17
16%
17
28%
28%
•27%
28%
28%
47%
"47%
49
49%
50%
179
35
35
—
5% 75%
.
179
5:'X
*177
179
16%
%
727%
49
179
*176
27
43%
27%
49%
179
52
50%
51%
50%
51
49
49%
49%
49%
77%
48 %
49%
9
*13%
•86
9%
9%
14%
*13%
94%
*86
93
18
r.-;s 9
9
13
9%
*90%
17%
13
14
*86
94%
8%
13%
94%
43%
44
43%
44%
43%
34%
34%
34%
34%
34%
74%
74%
74%
73
*86
44%
34%
*73
18%
18%
18%
18%
18%
73%.
18%
88
88%
88%
89
89
48%
49
on
49%
48%
49%
*120%
89
90
*88
110
109%
109%
109%
45%
45%
43%
*113%
114%
•113%
44%
•114%
9
9%
100
*99
7
9%
*105%
18
13
78 / Jan
3
No par
—19
17%
9
1.300
9%
10,100
8%
9
♦13%
14
94%
♦86
8%
,
13
13
♦86
94%
3,900
400
94%
43%
43%
43%
2,800
333/4
34%
4,900
73%
74
74
75
1,000
9,800
*74 Va
18 3/8
18
18%
183/B
13%
89%
89
893/4
90
90
48 3,4
48%
473/4
48%
48%
109
89
*109%
433/8
114%
43%
8%
89
110
8%
.100
29
25%
18%
17%
173/4
17%
403/4
40%
40%
43%
43%
42%
43%
42%
18
17%
28 %
28%
28%
29
27%
70
*120
6%
15%
28
70
121%
6%
16%
28
*118%
119%
35%
35%
*39%
34 %
40
34%
69%
•120
70
70
$4.50
16%
'28
118
*35%
28%
7
900
of Calif
Standard Oil of Indiana
64%
653/a
53,200
Oil
Standard Oil of New Jersey
Oil of Ohio—
7,600
13.000
"Z
300
8tanuaru
40%
42%/ 42%
3,000
300
173/4
25%
108
wtarr«,tt
oieet
no
opium—-
tmvip t
102%
102%
102%
213/4
22%
223/4
22%
223/4
5,700
Stewart-Warner
22 3,4
223/a
23
,7,500
8tokley-Van
21%
21%
21%
213/8
21%
21%
1,200
18
17%
17%
17% Y17% >/.;
17%
183/s
8,600
28%
27%
273/4
27%
16%
17%
16%
28%
27%
116
33
34%
see
17%
35
page
273/4
116
33%
39%
40%
For footnotes
6%
118
40%
-
2035.
70
*120%
63/4
39%
40
40
34%
35
35%
36%
•27%
28
70
122%
6%
34
*33%
70
*120%
6%
27%
Jan
Dec
Jan
Jan
3%
preferred
Juq
"u.
122%
f,3/4.
17%
70
120%
6%
17
28
3/a
14,000
70
120%
1,100
5%
Stone
prior
&
Studebaker Corp
Sun Oil Co
(The).
45 Va
De^»
Deo
26% Oct
17% Aup
; 43% De*
34% Deo
162
17%
17,800
273/4
5,900
117
117
117
117
400
33
34
34
1,400
f 39
40
40
;. 40
1,600
Sutherland
363/4
39
41
1.500
Sweets Co of Amer (The)
3634
;
27%
27%
Paper Co
10
4%
Jan
1
5%
Jan
14 /
55
20
12
75
Sep
10 '
28
May
22% May
30% Jan
..
Jan
,
9
Jan
'
10
19% Oct
51% Oct
3
124 Va Oct
90
Oct
6
15
50%
7
19
4
33%
Feb
*
Jun
75
Deo
85
Deo
29% Nov
*
Jan
Feb
Deo
7% Aug
9
Jun
48
Sep
13%
"
Deo
79% Npv
38%
Deo
18
110
Jan
22
57
Sep
64%
273/4
Dec
3~3 % July
115
Deo
Feb
110% Aug 24
2
2
Sep
92 % May
20
23/4 Jan
/ 46 3/4 Oct
19
115 Vb Aug 23
,
2
23
v
9 % Oct
100
Oct
19
110
Jan
2% Nov
18
33%
17
Feb
116
Sep
4%
July
Deo
Deo
40%
Feb
74%
85%
453/a Jun 27
34%
33% Jan
2
43% Oct
17
31
Sep
Sep
34%
Jan
56:,' Jan
24
68 Va Oct
19
503/4
Sep
58 %
27
July
18
July
Deo
783/4 Jan 23
38% Jan
•
114% Oct
2
193/4 Aug 20
20
par
.1
.
9% Jan 22
34
Aug
2
34% July 26
1013/4 Sep 15
16
Jan
22
10% Jan
18 % Jan
2
,
Oct
39 Va
July
6%
Jan
11%
Oct
15
28%
Jan
37%
45
19% Oct
Oct
,9
1023/4 Sep 26
23% Oct 10
Jan
17%
Judy
July
9%
Feb
13%
8
15%
Feb
la
10% Jan 24
18% Oct
17
7%
Apr
18 Va Jan
30% Sep
28
13%
Apr
73
10
54
12% Deo
20% July
64
Oct
127 Ve Mar 24
121
57
10c
10
2
2
Aug 13
Oct
19
5s/4 Aug 20
Mar
9
<22
,
Oct
Jun
Jan
7% Jan
9
5%
Feb
17% Oct
17
6%
Jan
par
22
Aug 21
30
Oct
8
29
100
79
Jan
3
123
Oct
18
25
Jan
22
37
Oct
10
10
31
Apr
17% Jan
11
41
Oct
15
2
41
Oct
26
12%
11%
10
Oct
120
No
1
41
•
25% Oct
100
1
Sunshine
.33
Nov
22
No par
cum)
Mining Co
Superheater Co (The)
Superior OH of Calif
Superior Steel Corp
27
-
—No
Class A pfd (4%%
Sunray Oil Corp
20
95
;
Jun
67% Jan
.
v
100
8
Corp
11,800
,
2
54
12
44 Va Oct
111% Jan
a
5
__—
6%
15% Mar
;
v
Jan
36
28
pf"
Camp
Webster
Oct
>
Apr
-100
—No
Inc—
preferred
17
22
Sep
10
,
1073/4 July 27
—.——
V
90% Oct
22%
24
37% Jan
25
Sterling Drug Inc common—
23
,
T. 43
Feb
2 #
18
Mar 27
58
—10
3%% preferred series A.
183/4
213/4
*116
141
Aug 28
36 Vb Oct
5
109% July
No par
28
Standard
2
24
76% Jan
No par
No par
Standard
22%
36
179
123/b Mar 27
/
par
No par
18,100
•
21%
118
3%
14
47% Jan
pref-No par
prior preferred
$7 prior preferred
*101%
16%
17%
20%
28%
15
Jan
54% Dec
31% Deo
14% July
5% July
21% Deo
Jan
Oct
Jan
18%
Apr
12;
27% Jan
,1
100
$6
23%
21'%
*69
423/a
k
Feb
23
32
20
80
—2
No
Jan
32
par
Square D Co
5% conv preferred
22
70
29%
16
*51% Jun
,
6% Mar 27
2
—1
preferred
102
121%
♦120
6%
26
40 Va Oct
7% Jan
No par
No par
—No
17
11% Jan
V
1
Spencer Kellogg & Sons
Bperry Corp (The)
Splcer Mfg Co
Spiegel Inc—
1023/4
6%
121%
6%
Feb
17% Apr 24
5% Oct 17
Apr 20
80% Jan
1
No par
14,900
*40
'•
bpat Kb vVlthlngton
Spear & Co
$5.5) preferred
Conv
.100
ctfs
tr
443/8
*106%
42"%
stk
Ohio
(AO) & Bros Inc—
Standard G & E Co $4
5,700
•'
•
Mobile &
Spalding
41%
25%
"173%t
*40%
preferred
non-cum
413%'
25%
109
♦106
108
44
5%
Railway
200
220
44%
111%
111
>
'
40%
17%
77
Deo
23%
Jan
22
Dec
16
Apr
22
Sep
31%
Sep
13%
5
26% Jan
*
;
No par
No Par
No par
99%
•97
111
17%
17%
35
6
155
7.50
Gas Co
Squibb (E R) & Sons
$4 preferred
Standard Brands, Inc
$4.50 preferred
700
*113% 115
8'/a
9%
8%
99%
40%
17%
7
19 % Mar
24% Jun
4% Aug
7
203/„ Aug 20
40 % Apr
4
No par
'
L
54% Mar
3
29% July 27
13% Jan
2
19
37,600
110
44%
443/4
115
♦113%
1,900
90
110
89
650
*120%
*120%
87
18%
::
Feb
Dec
'
Deo
10
173/4
40%
*21%
10%
Dec
90 Va
173/4
18%
21%
7
.43% Oct 22
Apr
7%
35%
82%
13%
90%
173/4
25%
*21%
23
17% Mar
28 Va
'
Apr
Apr
69
93
26%
21%
Sep
May
Jan
17%
6634 v
21%
3
24%
Jan
13%
102
15
Jan
65 3/4
'
18
40%
25 »/8
23%
22
26
66%
22
20%
Oct
8% Oct
423/4 Oct
v
76%
Jan
81 Va Jun
65%
23%
Jan
22
79
67%
22%
Jan
9%
48%
64% Jan
78'/a
78
77
66%
23%
30
72
Jan
25%
22
14% Mm
Oct
15a/4 Oct
61% Dec
6
8/
3
13%
67%
23%
Oct
20
26
22%
Aug
67 Va Jan
48% Jan
Greyhound Lines-—9
Edison
79
U 21%
2
41% Jan
Typewriter-No par
preferred
78% July
Sep
15% Aug
9
22% Jun 22
par
—10
Sugar
Jan
11%
30% Feb
2
14% Aug 22
Iron— —20
Corp.:
63%
5% Mar 26
323/4 Jan
Dec
18% July
17
.
23%
42
22%
24
July 23
Aug 21
May
jilJ
18
44%
23%
59
Oct
9
20% Oct 26
74
May 15
13% Jan 23
.
T
-No par
No
100
12% Mar 27
;
No par
<fc
2*%
26
43%
*101%
25 Va Oct
26
41 3/4
102
22
Feb
Dec
23% Oct
*40%
*101%
163/a Jan
*
57% Jun
18%
*101% 102%
•
52 Va Jun
111
'
14
31
44%
43%
10% Feb
22
41%
7;:43
16%
27
26
323/4 Jan
17%
43%
18
Jun
7% Sep
'114
38% Jan
*40%
^43
25% Oct
1
.
.100
.
33%
*106
38% Oct 24
17Va Mar 26
107% Oct
No par
Steel
Jan
25% May
8% Dec
106% Dee
Sep
Jan
Feb
No par
423/8
108
2%
No par
112%
*106%
108
110
20%
84
2
Southern
41%
108
♦105 %
Oct
Southern Pacific Co
43%
25%
25%
35% Oct 23
144
Nov
10,900
111
67%
115
20,500
42%
26
Feb
Jan
49%
44%
67%
109
108
10% Oct 25
v
Deo
51S/8
41%
66%
Nov
37% Mar
48%
113
42%
Dec
45 %
8
503/4
113
45
109"*%
23
49%
•97
114
Jan
Feb
58 'Oct
48 3/8
99%
42%
105
9%
26
California
*97
44%
"
Natural
9
*113%
Jan
Southern
99
45
8..
9r
Die
7
Southern
8%
42%
Mar
Dec
Jan
2,700
*97%
114
111
38 %
115%
110%
2,800
100
41%
27% May
9
16:
Oct
803/4 Oct
•
Feb
23
Oct
13
:
,23
353/8
43
8%
26
Jun
24% July
34% July
22
33%
114%
47% Oct
28
115% Mar
1
preferred
.
213/4
34 %
41%
Jan
9
■■■
35
•90%
93
109
114%
8%
*99
115
77%
87
14%
Apr
35
43%
48%
8%
Jan
22%
51%
17%
45%
115
70
89%
109%
46
179
73%
.
v
par
—1
Corp
Southeastern
23
Mar
Silver King Coalition Mines—
0
Simmons Co
——„No par
Slmonds Saw ft Steel...
No par
South Porto Rico
Jan
Dec
50%
*120%
45%
*176
1.500
10,600
42%
92
•109 %
49 %
33%.
48%
*120%
90
28
49
'
89%
*120%
27%
179
*176
50%
17%
7
—i"i
27%
5%
17%
8
Jan
Oct
11% July
17%
25
15
par
No par
19%
Feb
19
17
V 114 3/8 Jun
13
108% May 1
113
Aug
2
; . 22% Aug 21" :: 28
Feb 19
/
Dec
35% July
39% Nov
Jan
26
Oct
110% Oct
8
;
Dec
July
1.
13
1
23% Oct
par
No par
8%
;>
May 22
273/8 Oct
23
—
50
* Jan
Jan
29% Sep
22
No
Pen Co
Corona
-
Dec
15 %
May
13
24
37
V
No par
Shell Union Oil—,
&
■>
17% July 17
No par
No par
19
Smith
.
36
48
16
>>Mar 26
No
(Prank G)
Smith (A O)
28
28
X42 Va Feb
South Am Gold & Platinum
5
6,000
18
22
8 3/4 Mar
xl05% Jun
8kelly Oil Co
.'
Jan
27.
.00
Shattuck
$1.20
8%
Oct
7
par
2——
Sloss-Sheffield
100
2
19 % Apr
No par
1,900
116%
Apr
17
No
preferred
1,020
Jan
85%
11
22
:,c- 41% Aug 31
Sharpe & Dohme—
.<
$3.50 conv pref ser A
2,700
10
17
24% Oct
2.50
Sharon Steel Corp
18
18
133/4 Feb
9
Shamrock Oil & Gas
51
July
413/4 Oct
19 Va July 27
110% July 25
8% Mar 27
—
Dec
12 %
88
103 % Oct
33
5/
July
102 Va
2
■'•'> 213/4 Oct
100
-—No
23%
40.
21
6 3/a Aug
5
Aug
21%
Jan
16% Mar 27
par
16
•
Jan
63%
10% Jan
16 V* Jan
1
Servey Inc common—
$4.50 preferred
Oil
22
2
99% Sep
Deo
09% Nov
63
107 Va Aug 23
37% Mar 13
1
No
——
Socony Vacuum Oil Co Inc
51%
*90%
,313/s Jan
par
900
4.9%
18%
Oct
12,000
50%
93
29% Oct
110 Va Oct
,
Deo
233/4
•
Jan
2
100
$4 preferred
Seaboard Oil Co of Del
Sinclair
87
8
2
44,900
49
«
1,800
14
Jan
10
Nov
124
Apr
243/4 Oct
Dec
18
•
Apr
16
Deo
Dee
•85%
11
18
14% Jan
•
8%
Oct
15% Jan
1
10
A)
12
283/4 Oct
"
'
155
14% Apr
*83% Mar
1
111% Sep
98
100
5%
343/4
22%
18%
13.000
-
73A Aug 20
May
5
Lead
(W
27 Va
2
preferred
Sheaffer
5
3
16
16%
22%
•90%
7,600
8Va
993/4 Jan
15% Jan
1
/ New
6
32% Oct
8
102% Aug 10
11% Jan
38%
34%
18%
%
60
;
22
87% Jan
16%
22
93
'
3
.
22 Ye Jan
4
»373/4
5%
34%
*90%
1,500
22% Jan
<
'
22
No
(The)
Jacob
3
19 % Jan
163/b
35%
22%
•18
Feb
37%
5
22%
77%
18
16%
34%
77
Feb
37%
5%
22%
78
•223/8
11%
713/4
35%
77
50%
17 s/s
17®/8.
23%
11
71%
22%
78
50%
28% Oct
42
Oct
21%
5% Jan
90Jan
50% Jan
73%
*35%
77%
i
19
38%
163/4
*37%
'•7.' 5
5%
.
23
71
23%
•22%
36,400
8%
393/4
.
Deo
26
No par
100
Co
conv
13
Oct
Oct
No par
8cott Paper Co
$4.50 preferred
$5
Dee
Dee
Jun
70%
70
28 %
47%
*178
50%
51%
5%
400
17 Va
17
50%
17%
16%
41 Va
16%
43
16 Vs
♦22%
39
39 Va
*41%
22%
5Vs
29
39%
41%
17 Ve
51%
17%
16%
29 %
'8%
43%
17%
39
29%
163/4
-
22%
,71
65
8V«
'29%
8 3/a
8
18%
17%
*22%
100
/
20%
65
39%
•
•
79
20%
65
'39
42%
;
520
18,300
■'
20
20
*63%
23
*
I
23
70%
40
/ 43%
/
/• 8%
-
41
800
'
65
'
8%
40%
233/4
*23
42 %
36%
85
Co
Seagrave Corp
137,800
Jan
137
'."Jan
Dee
Jan
16
17
Dec
July
27%
69% July 26
102% Jan
series
18
34%
Jan
102% Oct
1
6o*r« Roebuck & Co
98
18%
*23
3.60%
5,700
/
50-
Dee
Jan
15%
323/4
19
Typewriter
5 % %
5
No par
100
Safeway Stores
6% preferred
Savage Arms Corp
Schenley Distillers Corp
■
Mar
,29% Mar 19
,
,
16
29
Oil Corp
33 %
Feb
Feb
i
July
107%
Jan
12 %
Jun
10
Joseph
28%
28
25
1
5.200
■'
23%
r *22%
110 3/4
*110
9%
9 3/8.
110%
/
■
•
23%
■
if/':', f' 30'
111%
:V>./-103/8
37%
38%
56
:$/ 25%
—
llOVa
/
.
27,200
:;
100
111%
10
.
80 3A
107
*111
25%
' '•'*' •'
14,800
56
♦111
93/4
9%
12 %
*106
111
'
'
St
8
45% Jun
Rustless Iron A Steel Corp
160
/.
Royal
30
10
31
Company
No par
Antelcpe Copper Mines—
Roan
>
24% Oct
38 Va Jun
22
Common
Rltter
*
2
43
•
100
5% % conv preferred
Reynolds Spring
Reynolds (R J) Tob class B
Mfg
Mar 26
105% Aug 14
•41% Oct 16
Aug 11'
19% Jan
'
No par
Republic Aviation Corp
Republic Steel Corp
6% conv prior pfd eer A
Revere Copper 61 Brass
5% % preferred
Reynolds Metals Co
Richfield
July 18
33 A
12
80%
'10% July
Jan
11% Jan
Inc—
5,800
3,100
12
79%
.
Motors,
Ruberoid
12,400
26
2
36% Jan
Preferred with warrants
Ruppert,
47%
112% Oct
Jan
100
:
1,700
27 VB V 27%
56
.
ii-'llF
26; 1
25%
9 Va
2J
47%
106Vt
Preferred
1,600
112% 112 Va
79%
106 Va
56%
'
93/a
•
i
553/4
;
L*w.'#'
.'•/••
27 Va
;
(Robt) & Co 1st pfd
Reliable Stores Corp
48
••27:;//'/;
Apr
9
-.
22%
,
20%
473/4
26 3/a
28%
47
Jan
7%
85%
343/4 Jan
preferred
50
2nd preferred—_50
Rels
Rheem
2,500
3,600
/■
Apr
69%
26
•
1st
Hosiery-
"r Preferred
100
7%
28%
*22
112% 112% /
ll3/* / 12Ve
107
23*/b
f 110%
24
9%
47%
i ;
79%
77%
*106
•
111
28%
„
79%
9%
47%
27%
26%
113
113
z
'
108
26
••
47
28
113
35%
23%
111
s%
■
26 Va
93/8
143%
233/4
110%
93/fe
263/4
*108
v.
23%
110 Va
26
7%
non-cum
1,900
6,000
233/4
*23
.
7%
27 ya
•111
26%
8%
139%
233/4
*7%
22
563/4
^ ./»*'<
26
26
8%
138% 139
■
46%
78%
111%
*111
rT;.:'
.
non-cum
3,700
103 Va
13%
21%
*106
58
103%
•
4%
,4?u
380
280
23
♦23
-7%
,10
3,900)
41%
*40%
13%
28%
463/4
113/4
108
/
'
23
28%
113
793/4
*106
108
1
7,000
13%
22
12%
16,900
...
38 3/4
.
23
45%
27%
-
200
8%
8
13% Oct
16
50
Reo
1,900
13 Va
45%
213/4
47
,
Reading Company
Real Silk
i
1
1
110 V,
19%
223/4
28
47%
27%
123/a
7%
'
26
1133/4
<
103%
22%
*45%
26%
47
27%
76 V8
♦106
28%
103
38
par
1
10
18,100
28 Va
*193/8
No
——29
—
Remington-Rand
26,500
22Va
109%
39
22%
•••"
•
1133/4
273/8
114
47
223/4
263/4
47
26%
*112%
.
22%
22%
.
.
28%/
27%
; "
103% 103%
23%
73%
7%
\
107///'
27%
19%
-41Z/
41%
103% 1033/8
13%
*7 Va
21'/o
*106%
.
108'/a
38 3/4
41
23%
*23%
213/4
27%
108%
19%
39%
13%
103
n y»
27 Va
4
90% Oct
103 "
Reliance Mfg Co
113V,
16% Sep
15
7% Mar 26
100
pfd
Inc
$2 preferred
«:
!
23%
103
103%
26%
*111%
107
26%
28
110%
39%
413/4
20
263/4
/
27
111%
111%
•
•v
102,
;23%./:"
23%
11% v
26 3/a
27
„
2
78% Jan
91
3,200
•
10% Jan
100
,100
-600
3,200
30Va.
*101%
223/4'
10%
-11%
113%
*106%- 107%
.
102
i
300
/
'
19%
39V4
41%
"
10%
26%
22%'
22
22%
•41;
;
'
No par
1
:
,1
conv
Rayonler
40
>
27%,
-urn
preferred
Ralston Purina Co 3% %
Raybestos Manhattan-.
600
81
40%
;
200
l'
-
104
\
39 Va
22
*111'/a
283/4
109
20
,39
r
'
107%
28
110
19%
39%
21%
*106%
28%
109
,
,
27%
111 Va
23
28%
110%
*19%
26%
111%
107
107
28V4'
/'
10% ill%
28%
113%
♦111
*106
28%
113/8
27%
113
*101%
23%
f
43
5(900
80%
//
39%
30%
'2,300
No par
•
Radio-Kelth-Orp"
-8oo
'
/ •/;.'*27.
•38
.
104
*793/4
26%
30%
'
*111
•;:. •'
si
26%
39%
*101%
,
f 106
.
•700
5,600
23%
79%
30%
'
'
*103
,
410
48%
*42%
••;/::
23%.
81%/
393/8
303/4
*101%
22 Va
*48
43
23%
104 V8
•
27 V4
•
*26%
7/
-
30%
*42%
4,170
-
49' '//
*48
23%
Radio Corp of Arner.
$3.50 conv 1st preferred
500
80,000
112%
104 Va
'
•
30%
:/
42
22%
/;
23%
103% 103%
40
■
23%
///' 47% '•47%
.
.
23%'
.
53.100
/
;:iw^38%- 39%"
23 Va,//
f ./•;//22%
///■' ;37%
37%":
:
I 23 Va ■23%/
223/4
24
'
-
39 Va '
/• 22%
42
27
■■
...
if /' 37%
43
82%
*263/4
'
1C9 %
104%
23
*47% / 49
102'/a /.*/
102 %
813/4
39% '. 393/4 ■y-%~39
'
*26%
104%
37%
23%
'
vr 1
..
iV./f 13%. ..13%.
/
•
22%
'
•
110
37%
'W
Va,"
'
105%
105
/
15
88 V8'
:88
>
•13%
23%/.
23%'
"
223/4
105%
15 VB
15 V,
/ 89
*88
38'
'
v*42
,
23
15
:
'-12% :•///'■ 12%
223/4
»
i:;
49
88
,
.
12
37%
,
24
-
15%
88
•!/;;
12%.:
105%
?/;:
:
15%
.89'A
'
••
'
383/4
*233%)
»'
■V
105
23%
Z
15
*88
■;.'l V
106%
*104%
•
40"
23 %
*38
88%
106
105
•38 Va
15%
.88%
12%
89%
:'S 12%
17% Jan
66% Nov
19% Apr
99
Sep
8%
Jan
128
7%
Dec
Oct
July
10% Jifly
25% DOO
84%
Feb
at
dm
34
Dm
20%
Sop
,
Monday, October 29, 1945
CHRONICLE
COMMERCIAL & FINANCIAL
THE
RECORD
NEW YORK STOCK
Range for Previous
STOCKS
litarJ»r
$
Oct. 23
Oct. 22
Oct. 20
38%
34 %
37%
38%
34 %
share
Shares
share
$ per
share
37 %
37%
37
37%
37
33%
34
33%
34
34
34 Va
36%
36%
36%
10%
1C%
10%
36%
11
36 %
37
36%
10%
11%
10%
V *10%
11%
34
36%
37
36%
37
36%
10%
10%
10%
10%
10%
11
11
11
10%
11
10%
9
8%
i
•
$
Par
$ per
38
31%
34 %
34%
$ per
34%
$ per
37%
Oct. 24
{
8.900
Swift.
'
S
share
per
38 Va Oct
6
Highest
$
share
per
International Ltd
share
per
8
39
Oct
9
;. 7% Jan
—I—1
Jan
33
•
Dec
•
26%
2
11% Oct
33%
Jan
33%
9
11% Oct
Apr
27%
9
Apr
19
29
No par
Inc
Symington Gould Corp
21 Va
20
38 Va May
31% Mar 21
Syivanla Elec Prod's
3,700
11,300
30% Apr
25
:
swifi & co
3.500
<
t
share
per
";V'; Lowest
jj
•
'
37%
'
Year 1944
Highest
Lowest
EXCHANGE
the Week
Oct. 26
;
Ranee Since January 1
STOCK
YORK
NEW
Sales for
Friday
Thursday
Oct. 25
Wednesday
share
t per
share
share
per
KALE PRICKS
AND mas
Tietdtr
LOW
v.
Jan
Jun
8
Dec
8%
Jun
8%
5% May
Oct-
'
11
11
9 :r;:
9%
*9
9%
*9
1
9
15%
*15%
15%
15%
15%
15%
15%
108%
108%
*108'A
109%
*108 Va
108%
108%
108%
108%
108%
108%
59%
57%
56%
59%
58%
57%
59 Va
58%
58%
57%
59%
,8%
8%
8%
8 Va
8%
8%
8%
49%
49%
8%
49%
22
22%
22
15%
15%
15%
23%
15%
49 Va
47%
50
50%
23%
22%
23%
23%
59
58%
59
15%
15%
15%
8%
8%
50%
50%
50
50 Va
50
22%
22%
23%
22%
233/a
21%
15%
16
16%
16%
16%
15 Va
47%
48
48%
49
48%
23%
23%
59
*58
58 Va
58%
58%
15%
"1V/a
15 Va
15
♦14%
13%
13%
57%
58%
*58 Va
12
12 %
14//
13%
'
108
103
107%
j
21 %
20%
104%
104'A
63
63
62'A
17%
18
55
54
13%
♦104
110
41%
104%
♦104
8
22%
74
71%
73%
32
70
71
71%
71%
22%
21%
22%
97%
96%
97
23'A
96%
24% V
96%
96%
97
112%
113%
112%
112%
114% 114%
113%
112%
113%
24 %
24%
24%
137%
138%
137%
109
108%
•
32%
*
154
154
154 %
*109%
112%
80'/a
10%
111
3%
47%
25%
31
31
10%
10%
10%
25
25
10®. 8
10%
25
25
45
33%
117 %
9
20
104
105%
79
82%
*81'A
82 Va
14%
"15%
23%
107
200
*192
22%
24
*105%
♦192
200
25%
25
57%
49 %
49%
49%
10
10 %
37
37
47%
9%
36%
36%
13%
13%
13%
13%
11%
11%
11
11%
53%
53%
13
11%
11
50
59
40%
4%
71%
*87
88%
*87 V4
80
81 Va
72%
69
153 %
'
*87%
79'A
154'A
154 Va
27 %
47%
47%
47
47
7%
7
♦116
22%
23%
7 %
7%
7%
*46%
99'/a
■
99%
97%
98
97
97
•190
200
"32%
28%
28%
28
28%
*16%
16%
16%
16%
45%
15%
46%
46%
46
46'/a
15%
15%
16%
16%
65
97%
63%
63%
63%
*93 %
97%
*98
100
•99
35
35
69%
►120%
*75
69 %
121
80
Por footnotes
75%
75%
page
.
2035.
97
200
*190
7%
7%
51
A
•96 V*
97...:
.
400
•1,400
5.700
:
,•
:..i.
Oct
43
■
11% Dec
Feb./-"-
Dec
29
;
18% July
•i
5V4
Dec
105%
Dec
Jan
-11%
Nov
.20%
Dec
102%
Dec
•28%
Dec
Dec
-f.
8%
<
28%
Jan
35%
85 1
6
106% Jan 13
Jan
105 Va
Dec
Dec
14% Jun
13
5%
Jan
'
137;
Jun
13
68 y«
Jan
118
45
Oct
5
'24% Oct
4
51%
Oct
19
i
24% OCt
26
/
6
77.
Jan
113
i
Jun
Feb
15 V#
"82%
Feb
,
.119
Dec
Jun
Nov
■
Feb
115 :
17%
Sep
Jan
20%
Dec
118 1
Dec
1
25% Mar
V 68
Dec
109%
29
140'a Oct
Jan
Dec
16 Va
Sep
9%
76
117% Jan 23
116
9%
'
100 V4 Sep
f
63%
r
11
109%. May 10
92%
Feb
.33% Mar
^Aug 2ft
26
8
Oct
104
Jun
dt Foundry—-—.,^
£
32% Jan
Aug 20
12,
Dec.
30;
NOV
162% Oct
-
100%
102 Va
Jan
20% May
f
110
6 .•
Oct 19
.
9
11% May 19
27% Oct
1%
par
Apr
42%
Dec
17%
Dec
Feb
llVs Aug
Apr
78% Aug
45%
-v
'
Sep
18
120
Oct
15
16
110
Dec
15 Va
Jun
109%
Dec
98%
•
•
Dec
15
1
12% July
18
•
7%. Sep
Feb
1% Feb
207/« Oct 15 :
104 V» Oct
Jan
4
9% pet 17
21%
Feb
107% Oct
2
70
Mar
88
Jun
195'A Oct
18
170
Jan
186
Dec
25% Jun
14% Jan
28
8%
Oct 26
59
:
Oct 26
k'
10% July
15'A Jun
7T8 Jan 23
9% Jan 2 '
Nov
July
9
Dec
5
59
33%
9y8
Sep
10%
Dec
30% Apr
40% Jan
Sep 19
5
Jan
8% Jan
Oct 23
42
Jan
5% Apr
37%
Jun
48
Nov
16%
;
11% Jun 11
•
51%
; 43%
2
Oct
Oct
Jan
42
28
25
56
15%
Jan
34% Apr
52% May 25
38 V4 Jun
35
Jan 2
46
Jan
2
27V« Jun 15
2% Mar 25
91%
11% .Oct
.
36%
27
Jan
Dec
"
26% May
75% Jan
,
.21% Oct 26
36'A Sep
11%
Jan
8
26
48
30V4 Mar 26
20
10
1
vat
l7/« July
Jan
6
15% Oct
38 Va Jan 10
6% Mar 27
Oct
Apr
27
Jan 17
50
/ 28
12%
88% Jun 27
13%: Jan 17
>
70% July
May
Jan
Dec
Jun
81%
4
14% Jun
: 11% Jan 24
103% Oct 23
16% Apr 10;
' 77
Jan 22
180'A Jan 17
114
Mar
22
Dec
.
v'3%Oct
1
47% Oct 26
9
36%
123%
;• 24% Dec
16
25% Oct
9
/■■■
61 /
.
Oct
32
Apr
9
Jan
,81
2
2
Feb
22%
32% Oct 25
114
33 % NOt 110% Sep '
25%. Jun
11
HO'A Apr 18
.49% Oct, 8
22
22
22
Mar
22
No par
.1
10 ■ ;
■—
Playinfc Card Co
8%
■
s
'170
■
Preferred
;
Oct 23
9
"
"I
Feb
40
Feb
4%
7%
Preferred
Universal Leaf
i
4,700
Vanadium Corp of Am—
2.300
Van
1,300
16
16%
16 Va
16 %
16%
16%
3.900
63%
64
64
64 V,
97 Vis
♦97
100
*95 V*
*94 Va
97 Va
33'A
6%
CVa
67
67
121
121
*73
80
67 Va
121 Va
*73
*98
64%
.700
33%
33%
J 900
6%
6%
5,100
? 800
67
121%
*12C
80
•73
67
121%
80
Co_-
Inc
V
Vertlentes-Camaguey
10
;
Sugar
Vick Chemical Co.
'
5%
i
6%
Dec
Dec
El
Va
10
Va Iron Coal & Coke
&
Pow
No
preferred
90
$5
84% July
150
Jan
pref
5%
;
61% July
78
May
100
-
pfd
100
100
.
22
44%
May
Apr
48%
2%
Jan
26
18
Oct
17
76
Jan
117
32
6
24% Jan
3V#
59V8
118 1
57
8
Mar 27
Jan
9
Sep 14
Jan 22
22
99% Oct 19Oct
16
33 % Oct
5%
Oct
106%
■
Dec
18% July
«
3% Jan
•
31
Jan
41%
68,
Apr
81%
162
Dec
4V8 Nov
2%'Apr
176
Mar
July
Dec
Dec
Nov
8
190
23% July
17%
Jan
9%
Jan
14% Nov
Oct
52
Sep
12% May
16
Dec
134% Oct 26
41%
51
Oct
6
85
Dec
33% Aug
9
5
18
Oct
18
28
23
48
Jun
18
:
'
17% Oct
'
48% May 22
17
23
Oct
50
2
Mar 27
* Jan 22
Oct
8% Oct
24
V
.
Dec
27% Aug
Jan
14%
•
5
16
Jan
2
5% Jan$ 2
86 V2 Mar 26
90% Jan 20
*
136%
8% Oct
13 V« Apr
par
Jan
10% Oct
'
*
Apr
*119%
Sep
13
't
50%
Oct 22
4% Jan 23
Dec
63 Va July
82% Ofct 19
5
Jan 24
Dec
'
48% Dec
69
.
6
21% Jan
:
-0
-8
Chemical
dlv partic
18
23
39
106
100
Victor Chemical Works
Va-Carolina
'
Co.6%
preferred
non-cum
Oct
155
98%'Jan
par
No par
2.50
—
Vicks Shreve & Pac Ry
•**80
6%
67Va
Norman
Co
Van Raalte Co Inc—
99
100
33%
-
;
17
46
33 %
Tob
Pictures
130
18
Oct 16
73
50% Feb
Jan
5
-No pat >1. 75'A Jan 24
10$ :? 178
Mar 27
—1
23% Aug 21
No
oreferred
««<
19 /
28% Oct
46
4
,
-1
8
—
27%
46
29
conv
16%
•
rn.rn.-m
—
preferred-.
No prtr
Universal-Cyclops Steel Corp:1
Universal Laboratories Inc^
1
$6
27 Va
45 Va
98
preferred
Stockyards Corp
United Stores class A
f
Oct
176
> 89
135% Jan- 2
1 23 % Aug 7
—__100 V
—No par
Co
non-cum
United
51% Jan
144Va Jan
;
73% Oct
.
—
—
U S Tobacco
1
--'..a.
-
Universal
44%
6%
-
Cdrp
8,500
,
46
•94
Preferred
6
6
52
Jan 2
:•.. mi ;■ v:.;. 72 ' Jan 18
No par a 58% Jan 24
—
10
100
Mln^—a——-50
1st preferred
200
32%
*190
45%
"•63%:
non-cum
U S Steel
70
16%
*
97%
80
22%
22%
8,500
-
27%
16
121%
117
•
16
33%
.
9%
80
12,200
27 Va
6%
•
47%
*48%
;
•
16%
16%
:
34%
•73
3.600
28
27%
16%
68
1,000
27%
.32%
:
99
*67 %
154 %
8%
':i
200
32%
32%
€3%
8
6%
*121
121
121
see
68%
:::
U S Smelting Rel
41,700
10 Va
'117
50
96%
'
*47
■
*7%
80
;:k> 71/2
22%
22%
-
88 Va
78%
;
9%
117
34%
6%
<
68%
-
9%
98
35
6%
3,200
32%
30%
97%
•95
100
*34
6%
*190
46
28
16%
.
No
cl
0 S Rubber Co—
8,900
*27%
7%
*48-A
;
97 >-v
1 200.
28%
31 Va
31
.
*115
v
32%
•
'
31%
*92 %
97
;
22%
8 ;
51
*48%
49
50
200
7%
8%
8
47
•190
Dec
52% Aug
15% Mar
Dec
102
21% Feb
24
30% Aug 31
108
Jun 29
34% Oct
6
106% Oct 19
: 6 % Mar 26
i;
-No par
Plywood Corp—a
——:
tU S Realty & Impt—^.—No
*1.000
70%
154
47%
7%
i 1'16%
22%
23%
22%
8
30%
6%
116
116
47
*63%
7%
9%
9%
10%
97a
49
200
*190
.7% k
7%
47%
47%
*47
47
•/
7%
116
23%. ;
69%
167%
I':'
28
27%"
28
-
22%
42,000
*87%
154%
154 %
28 Va
10Va
4%
68%
88%
78 Va
154%
116Va
'38*-
Jan
85
15
13% Oct
13% Jan 20
1
U S
70
79%
27%
97/a
U S
2.900
3,200
*165
88%
154%
10
200
40 %
4%
„
88
47
U S Pipe
59%
71
78%
v
IHV2 Oct
3^
66
Jan
26 V2 Feb
100
-
Pri»fftrn»dy
is
400
51%
69%
168
88%
28
117
68
166
*69%
70
81%
155
IVA
3%
8% Oct 15
,
9
89% Mar
—10
;
Leather Co
partic & conv
39%
4%.
Oct
29
Co.__13%
Mfrs Inc com
&
U S Lines- Co
8,100
11
S
U
{v
50%
79%
27 Va
*116
4%
13
No par
U S Industrial Chemicals
*57 Va
60
39%
*87%
'
154'A
10
51 Va
167
69%
28
7
*10%
70%
167
72
28
*152%
llVa
4%
4%
•
172%
82
13%
.
July
•
70%
90
81%
i3%
50%
71
72%
71%
13 Va
39%
Jan
$4.50; preferred metf—No par
U S Freight Co—par
U 6 tiypsum'Co
^—20
t
*l*fo preferred
100
U S Hoffman Mach Corp———.^9
5%% conv preferred
50
1,800
2,000
*57%
Merch
United
1,400
49
48 Va
10
60
2
'
37 %
40
*168
72%
173
*168
5
310
10
51
52%
5,700
59
9%
39%
40%
900
,
28
37'A
*57%
58'/a
4,400
•
57%
13
11
51%
24%
200
37%
13'A
4%
71 Va
72%
13%
13%
*11
650
28 T;V;
37%
.
Jan
U 6 At Foreign Secure—+4~~No pat ;
48
48
10
36%
Jan
7% July 20
22
July 26
1% Jan 2
38'A Jan 2
15% Jan 22
9%:Jan > 5
/ >65'- Jan 5
10% May 28
33'A Jan 31
:.
5,500
*10%
9%
36 Va
Dec
17
Apr
.
8
19%
104
*192
34
Jan
17%
"12%
14V2"Jan
5
-
United Gas Improvement
5,800
27'A
9%
10%
37%
53%
4%
48%
48
50%
12,100
56
% 25%.
56
9%
60
41
56
8%
4
11
.
5% preferred
;
United Faperboard———
105
19
26% Oct
:
70
23%
5% Aug
Apr
58% Oct
*
2.400
*103%
200
*192
25%
56
:
36%
41%
53 %
♦57%
200
'
25 vW
25%
57%
Coal Cos
•
103%
103'A
16
Jan.
43%
2
109%.May25
9 V*
15%
Oct
25
15
25
35 Va
104
1
Mar 26
:104 ' Sep
31%.Jan
118
Jan
22 % Mar
106%
•'
16
Oct
Jan
42
34 Va
24
23%
106
i
21%
•
Oct
66
112% Sep 20-
106%
104
104
23%
v
104
58
24%
♦56
104
*
—
Fruit Co
8%
49
■
May 22
9% Jan
3
—
United
18%
104
W.
19
18%
20%
Co
Drug
1.800
•k'
•
25
•
5
United Dyewood Corp
1
Preferred
—m.100
United
116
8%
Oct
-49%
18% Mar
13
Feb
19
Oct
34%Mar 27
No par
-
116
: 34%;
107
t
Dec
13% Mar
<
Jan
18% Jan
100
Engineering Si Fdy
3%
18
61% Jun
6
102
20
No par
Corporation
preferred
Electric
33%
104
$3
United
*106%
24
;
United
United
21%
2
21% Oct
3*
26% Mar 21
No par
-No pat
Stores.1
30c
3,900
21
Aug 22
7% JUn 18
105
18% Mar 28
Co—.—
Cigar-Whelan
Prior preferred
2,200
9
107%
*192
••
20%
12 Va
Jun
Jan
2
8
101% Jan
Unlted-Carr Fast Corp
United
15%
34
19%
United.Carbon
46
116%
11%
32%
10% Mar 22
par
-
15 Va:
107
103%
No
Co
preferred.:
4G
*8%
8%
conv
15%
33%
9
20%
4%
20%
270
1
preferred
46
116
20%
17
-
22
Apr
:
109
103
5
100
10
:—100
15,Va
116%
116
:
Dec
10% Dec
;
Jan
22
2-
5
-
45%
:.'
15
46
20%
103%
41%
81
*80
*45%
*106%
9%
71%
2,200
20%
19%
23%
173
12%
35%
47%
72%
12 Va
107%
58
♦171
12%.
34%
24%
4
11%
*106%
24%
*40%
11%
117%
9
107 %
60
11%
117%
57
•57%
10,000
'47
103%
105 %
200
♦192
26%
35 %
23%
♦23
26
15%
15%
20%
*106%
8%
; 20
*103%
25%
3%
v
107%
34
34
9
23 Va
81
79
46%
119
20%
20%
107%
V
f
46%
*45%
118 :
20%
24%
11%
15
♦106%
23%.
-
■■
Jujy
9% Nov
94
Apr
Oct
63
2
Sep
26
•
—
preferred----.
Biscuit
5%
i
6,200
11%
82 %
118
85,000
47%
'*3
conv
United Airlines Inc
2,000
25 '•
3%
47
24%
15
15,600
//>/-3
25%
11%
10%
47
47%
82%
500
400
46%
25
15
78%
30
47%
47
85
25
5$,
*
United
30
25
25
58
1
25
—
7
~4%
1
,17% Oct
.34% Jan 22
Carb
United Aircraft Corp
2,100
25 ;
3%
V
15
3
16% Jan
'
100
4% non-ctim preferred——'—100 {tahm Tank Car-.A ..—u..M»No par <
32%
10%
10%
Oct
78 Va Jan 24"
*110% Apr 27
111% July 11
20% Jan 22
109% Jan 25
100% Jan 24
4Va %
3
47%
25%
11%
15,000
47
47
•14%
:
3%
/'
3%
3%
3%
10 Va
81%
14% Oct
No par
pfd—No par
Preferred $4.50 serlei——No par
1,100
77
29%
.
31
15
'
*
113
mi
78
*29'/a
Jan
31
Union El Co of Mo $5
160%
32
110
78
80
*76%.
31
300
.
Oct
58% Jan 3
114% Jan 24
—:
& Paper
Union Carbide &
500
49
47 Va
32%
•
*109%
111
111
111
31
-
110
160'A
159
153
.
.
110
47%
47 Va
47%
30%
31%
110
110
154
31%
31%
80
♦82
45
55,500
.30%
110 Va
*78'
11%
11%
31%
%ii::
*29%
10%
r'"
3,100
31
24%
24%
3%
'
33%
81
81
10%
24%
23%
112%
108%
33'A
46%
31%
31
*29'/a
31
47
31%
*109%
80 %
*30
160
31
31%
*31
108%
Jan
.104
.No par
No par
Union Bag
2,000
138% 140%
Jan
101
Union Pacific RR CO—
109
Feb-
57/»
Dec
24 Va July
Jan
50 V4
26
'
1
—
Union Oil of California
137
32%
Coach Co—J
12%
5
Oct
July 17
4% Jan
•
210
109
31%
*
6
Oct
16
25
15% Mar
106% Oct
No par
Pat
7,200
-
137:
,
154
158
*153
24%
108%
*109
46%
46%
47%
112Va
112% 113%
24%
24%
70
137%
4 32
30%
31%
110%
110
110
46%
46%
46
29%
110
110
*109 *'
32%
24Va'
24%
31%
32%
31%
30%,
113%
•
*108%
109
28%
;
32
28%
28
138%
138%
*108%
113%
24
6,000
112%
112%
113%
112%
112 Va
.
' Oct
.60
-,
Dec
16Va Nov
35
17% ■Jan
61% Oct 15
No par
—
Underwood Corp
11,900
-
Feb
13
Rapid Transit:—-No pat
preferred
•-———1—100
5% conv prior pfd——
50
Twin
■
8%
22
45
2nd
2,700
72%
'
97%
:
preferred-:
5,400
22
21%
24%
460
70%
■
20
Twin City
50
132
*128
132
20% Jun
54% Jun
-
1,500
U%
11 Va
•
22
21%
109
;
22
9% Mar 27
1
-—100
-
$4.60 prior
<300
21%
43
22%
140
.
29%
10% Aug 20
1
No par
preferred
$1.50
'■
106
22%
44
22%
96%
•
4,200
22
43%
97%
24%
21,500
42%
*104%
Feb
—No par
20th Cen Fox Film Corp:
34%
42%
-
14 Va
53% July 24
5
Corp
Rayon
4%%
43%
22
*138
Tubize
43%
'
•
4,500
6,100
43%
44
24%
13 Va
108
33%
34%
42%
25
> 10
$6 preferred
Corp.
28%
28
26% Jun
9
Truax-Traer
43%
*128
23
*112,
600
132
96%
116
14,300
*107Va
V
37% July
St'l——No pat
Trl-Contlnental Corp
8%
13%
•
28%
Apr
50
—
Dec
Feb
32%
Bearing——No par
Transamerlca Corp
111%
8%
111
28
44
112%
*25Va
ni
131
21%
*114
Transue & Williams
11
74
*112
TransconVI & West Air Inc
1,000
13%
11
10%
11
22%
96%
5,100
104% 104%
104%
-
-21%
21%
20,000
57%
25%
109
33%
43
75
18%
8%
"'i.r-Aav
22%
♦73%
•108
♦104
104%
*128
,
18
56%
25 Va
*105
42
43%
18%
28
•
33%
131
Timken Roller
56 Va
13%
28%
107 Va
♦104%
41%
131
Timken
2,200
i
Jan
6%
4%
15
X93% July 19
——-10
Axle
Detroit
5,000
61%
8
13%
13%
28
28%
107%
$3.75
220
47
50~y4
Sep
19
14
44% Mar 29
8% Apr
6
preferred—
N< par
Associated Oil— —10
preferred i
——No par
60%
.
V
'
Oct
—23
46%
■
110% 111%
111
33
':v 11
23
104%
8%
:
42
11
22%
104%
105
'X
9% Feb
14% Mar 31-
Water
Tide
/'
50% Oct
$3.50 cum
11.100
44%
■
2
:
Products com— No par
preferred
——
—100
Thompson-Starrett Co.
—No par
700
20%
25
33%
131
43%
51%
20%
/■-.>
8
'
4%
61900
50%
25%
*24%
33%
11
••••:••; :..6% V- 6%
Oct
60
July 26
13% Jan
Thompson
90
•
20%
55 %
41%
*129
2,700
110
30% Jan 30
—100
1
preferred———50
Transit Cor p.-No par
Avenue
'
18 y« Aug 21
No par
-—No par
Thompson (J R)
12% July
10% Mar
10
2
dlv conv
Third
50%
17%
10%
60'A
109%
kk
18%
•
111
*104
60
*108
60
•
8%
11 %
200
50%
33%
104%
1,700
16 Va
*15%
$2%
20%
,105
'41%
*104
,11%
*11
15%
109%
6%
6%:
41%
41%
•140
60
33%
33%
6,100
59 Va
11%
55 %
27%
13%
59%
/
2
common.-I.—-
Thermoid Co
13%
Jan
36% Jan
,
preferred
6%
16% Oct
Jan
4V4
6% Jan
Na par
preferred
The Fair
90
102
Coal" ds Oil
Land Trust
Pacific Ry Co
$3.60 cony
*
102
59
62%
*104%
107 %
♦103
33%
102
13%
61%
111
13%
•
*600
46%
8%
29%
16
45%
111
13%
13%
28%
15%
60 Va
25%
,110%
15%
46%
25%
13%
450
61%
24%
29
59
46,
17%
13%
59
6%
53
29
Thatcher Mfg Co
59
61
18%
8%
Texas *
2,500
15%
104 Va
62%
111
2,400
23%
47%
53%
8%
111
*110%
104%
104%
53%
•25%
50
23%
*58
>klfk
20%
6%
54%
25 %
.
8%
49 *A
23%
51
20%
v/isk:
„
8%
25%
50
*
■
18%
54%
52
20%
62%
17%
%
51%
49%'
:
'
*103
21
46%
47
Texas Pacific
i
108
108
104
48
47%
47%
8.000
.
7
10% Jun 21
48% Jan
;
—No par
10
:—1
100
Texas Pacific
1QV*
62%
59%
108
:: 52
104%
21
104%
7,900
15%
'
2
105 Va
1
23
50
3
"
25
Producing
4,400
15%
k 6%
52
21%
52
'.'53%
*52
11%
15%
62%
Trans
(The)
Gulf
50%
23%
;
•
13%
11%
62
108
<•7: ".
6%
7:''
6%
16
63
107%
Texas
101%
12
:■
Texas Co
Texas Gulf Sulphur—.
14
16
11%
6%
15%
101
-
9,200
6,300
58
16
11% Jan
5
5% pfdUlOO
Corp
Tennessee Gas &
; 340
109 %
v
"
13%
Tennessee
59
59 Va
*15%
61%
61%
51
8%
X57%
59%
12
*15%
17
*16%
101
14 m
:
*58%
59%
12
/
101%
*101
13%
103
'101
103
*101
,
23%
23
22%
50%
: '
.
15%
15
1,400
15%
15%
15%
::
1,500
9
8%
9
7% Jan
5
Corp
Telautograph
7% Jan
9
Talcott Inc (James)
700
11
J
Jan
100
July
63%
Jan
101
Jun
26
70
Feb
21%
Jan
3%
Sep
Oct
23
7% Jun
18
Jun
18
35
73
!■.
Feb
123
76
-
19.
Jun
22
•
85% July
'
50
Sep
25% Aug
5% Mar
'
62% July
113%
Jun
1120
Aug
38%
Feb
63
Nov
Volume 162
Number 4433
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
AND HIGH SALS
LOW
Satnrdav
> >
Honda*
Oct. 20
I
>• t per share
*52%
Toesdav
Oct. 22
S per share
55
•52%
55
53%
53%
39%
39%
*38%
39%
39 %
39 V*
*155
164
•155
164
•155
170
*155
170
*71
72
164
72
18 Me
>109%
111 >
*109 Ma
86
86
*19 Ma
V",
86
19%
13 Vs
10%
1U
•19%
13%
13 Ma
13 %
10%
10MB
93 Ms
93%
93%
19%
19%
19%
39 Ma
39%
20
20%
30
30
24 Ma
24 Ma
24
39%
39 Ma
40
*29%
12%
13
33
33
33 Vs
87
87
*86 Ms
30
/
13MB
33 Vs
t
32%
30%
30%
108 Ma
108%
108%
116 >
116
117
V. 109
109
109
ll7Ma 117 Ma'
34%
*34%
*117
88
31
31
109%
108
117 Ma
34 Ms
28
28
47 Ms
*
10
•46 Ma
27 Ms
>
48
10
49%
49%
50
51
89
89
53
88%;
53%
.
'
51
52%
-
35 Ms
35%
35 Ma
>
36
32 >/e
35%
43 Ma
35 Ms
43 Ma
43 Ms
43 Ms
36 Ma
36 Ma
37
37
36%
36%
109
■
*104%
43
101
.
44
34%
■14%
89%
1
3,400
f
16,400
14 Ma
88
88%;
35 Ma
35
35
9%
9%
19%
9%
•
14
9%
20 Ms >
35%
42 "2
42%
42%
36 Ma
34 Ma
35
*74
105
43%
42%
42 Ms
27
33Ma
v-
34
*133/4
14
89
*87 Ma
35
*34 Va
9
14
9 Me
v-
18%
15 Ma
15 Ma
99 Ma
99 Ma
*19 Ms
"■
>
'
34
48%
49
60%
*33
*97
84
84
9%
9 Mi
39%
15 Mi l
ISM* ;
15%
15 Ma
16
19%
99%
"99 Ma
99 Ma
99%
19 Mi
*19 Mi
19%
19 Ma
20
18 Ms
*131 Va
31 Ma
49
48 Mi
49.
61
60 Mi
61
59
593/4
58%
58%
*37 Va
.
'*80 Ma
18 M4
43Ma
100
,..
94
85
32%"
95 %.
82 Ma
18 Mt
■:>/
93
183/4
9£W4
94
82
183/4
8,600
*583/4
59 Ma
1,100
99"
;
*80
$6
99
99
Woolworth
99
'19V.J5
*
M4
22Ma-
22Ms
1,600
8,600
26
25 Ma
26
1,600
63 Ma-
63% -64
61 Ma
62 Ma
GIM2
62%
61%
62 Ma
25%-
25 Ma
24 Ma
25%
24 Ms
25
24 Ma
25 Ms
*38 Ms
10 Ms
38Ma
43
38%
29 Ma
38 Ms
39
37%
38
38
38 Ms
10 Ma
11
10%
11
10%
10 Ma
10 Ms
lOMa
tin receivership,
a
43
Deferred delivery,
Transactions al the New York Stock
11
n New Stock.
United States
Foreign
Bonds
Bonds
$510,000
$8,000
15.500
895,000
38,500
Wednesday
Thursday
Friday
■
451,000
75,000
0.000
357,000
50,000
$3,659,000
$193,000
U. S. Government
T0t»1
on
"■
30
■':
20
Induetrial#
roads
Date—
October 19
October 20
185.34 "
ties
59.64
185.60
59.79 >
r
io ;
First
Indus*:
Grade
Btocks
35.57
-
trials '
68.81
Rails
105.99
114.24
Ralls
114.13
97.45
10
rCash sale.
«
Special sales,
Tuesday.
V
*
'
*
4
15 ;
17
24
4%
;
16Mb Sep 10
103% July 12
2
20
Oct
8
26
30
133 Ma Sep
26
3o
33 Vb Oct
19
19%
40 Ma Jan
24
49% Oct
8
36Mb
Jan
38
Jan
15
63
Oct
2
20%
79
Jan
99
Oct
26
473/4
99
Oct
26
> 99 % Feb
y
.
13
Jan
5% Jan
"
•
1
>
*
3
•.
.
5 ;
123
Sep
49
125
Sep
24
July
443/4
Oct
Jan
41 Va
Nov
Jan
82% Nov
.
Jan
84
27
69%
Jun
913/4
Dec
Oct
15
58
Apr
74 Ys
Nov
20 Mb Jun
24;
28
13
Dec
14
Deo
84
9
22
42
2
x-Ex-dlvldends.
y
(Number
Nov
27% Mar
/
30% July
15% July
20 Ma
July
423/4 July
Deo
July
6% July
Ex-rights.
Exchange
Bonds (Par Value)
07; >>
Foreign
Foreign
Government
Domestic
Shares)
476,000
Total
$1,000
$490,000
143.000
,
Corporate
$53,000
$436,000
2,000
621,000
345,000
144,000
—
607,071
230,000
34,000
746,889
409,000
32,000 ;
—
4~000
489,000
368,000
1,000
.
442,000
835,137
344,000
;>> 25,000
1.000
370,000
4,065,514
$2,340,000
$431,000
$9,000
$2,780,000
Jan. 1 to Oct. 26
1944
1945
1944
4,065,514
—
—
1,422,Z30
95,926,972
56,914,832
$2,537,000
$112,001,000
$144,471,500
256,000
27,248,000
8,568,000
431,000
9,000
'Unofficial volume for Saturday-Oct.
Bank of the Manhattan Co.—10
100
10
*
Central Hanover Bank ft Trust 20
Chase
National
Chemical Bank
Bank—
—15
ft Trusts—^-10
Commercial National Bank ft
-
Trust
Co
i
Bank
ft
--20
Trust—10
108.11
106.36
Corn Exchange Bank ft Trust_20
Empire Trust
—50
108.11
106.50
Fiduciary Trust
108.14
106.55
*\r«
National
V
8,000
985,000
1,134,000
$2,801,000
$140,234,000
$154,173,500
6.
B,d
lsk
43%
45%
513>
533^
47%
45%
63
•
-
1.35
124 Ma
121 %
-
s
65
—100
205
Grace National
100
ISO
Guaranty Trust
Irving Trust
Kings County Trust
_10
Fulton
4.87 -l
4.75
Trust
Lawyers Trust
3.93
100
_25
:
—25
112 Ma
115 Ma
Trust__17%
53 Ma
55 Va
22Mi-
24Mi
New
62 Mi
64 Ma
Public Nat/1 Bark ft
36
—100 1,950
2,010
49
63
302
54
106
46
Morgan
York Trust
Ma
49
Sterling National—/
Title
Guarantee
21M4
1,880
100
12 M»
Manufactures Trust Co
">
51
102
20%
1,830
com__20
"
(J P) ft Co InC
National City Bank
,.
34
Bank
>
City Banks & Trust Cos.
100 V 1.30
Brooklyn Trust
y
"
p*r
106.45
106.42
14% July
Apr
$2,780,000
Bonds
108.03
Jan
Jan
293/i July
9 Ma July
11% July
99 Mi Nov
Jan
Mi Jan
1
Apr
20 Va July
6
80%
10%
22
$2,340,000
i
36.15
.
Dec
9%
Oct
,i
Daily, Weekly and
Bonds
59.76
,
Oct
31 Mi
35
15
128
wd When distributed.
—
,
185.39
v-
87 Ma
Jan
Jan
Jun
23
13 Ma Jan.
.
Foreign government
Foreign corporate
October 26
.«
Jan
94
Dec
1945
-
"
Jan
19
I6M4 July 13
■
——
—
6tockS7>No. of shares
35.54 >
<1
.
10 ;
Total———;
35.42
97.79
Feb
5
x64Ma
15
Jan
'
Wednesday
Thursday
59.32 •"
■»
3
83% Jan
,30
374,141
—>771,535 ->
——
730,741
Monday.
59.19
114.23
20
Stocks
183.72
,.i
8Ma Jan
y
-mm
184.54
^
36% Sep
26M4 «Jan 22
Dec
July
44 Ma
October 25
106.05
22
Jan
October 24
69.98
Feb
Jan
40
107.99
97.68
18
33/4
Continental
97.35
92 Mi
27% Oct 15
33%
106.44
113.98
32%
Jan
15
106.47
114.16
Feb
66%
11
107.95
106.04
20 Va
15
Feb
> 108.15
106.01
Jan
22
Oct
12% Jun
97.45
68.25
97%
44Ma Oct
103
9 >
July
July
1043/4 Aug
77
34% July 26
97.54
C8.50
15
No pat
1
-Total
.ties
/
32
Feb
Zehlth Radio dorp—
Zonlte Products Corp
.
Utili-
97.53
36 Vb
Jan
59 Va
2,400
10,400
Bankers Trust
Second
Deo
25%
iy
107 Ma Jan
24
21Ma Jan
.
293/4
18
Feb
20%
Bank of New York
Grade
106.05
*.
87 Ma Jan
y
15
36% Oct
Apr
114.21
.
_
37Ma Oct
78 "
19
101 %4 Aug 21
31% Jan 24
.
■
3
Jan
'
Jan
10
68.97
■
64
13
114.17
*
Dec
27Ma Feb
>
.
33%
106.06
l
„
;
19
106.09
r'
Dec
17
68.98
*
31 Ma
66% Oct
69.45
*
Apr
27 Ma Sep
35.85
*
21
22
35.70
«.
22
37 Ma May 17
50 Ma May 17
Mar 26
59.56
•
Oct
t
20
60.24
a
36
27% July 18
39 Va Jan
187.06
*
Jan
Ma
No par
186.15
.
22
Va
Youngstown Steel Door
October 23
*
15
53% July
31 Mi July
31 Ma Aug
7 !
37% May 12
30Mi July 26
.
IB
New York
35.81
•
Feb
8,106
October 22
■
Dec
41
$35,724,800 $1,939,395,110 $2,217,215,700
i
65
Dec
66
15
27
8,700
-Bonda-
Total
313/4
Dec
Oct
Oct
Jun
Jan
88,269,000
2,123.846,900
; utiii-
Dec
65-
56
35
Apr
$5,099,800
80,799,060
1,852,708,800
11
Rail¬
92
6
Week Ended Oct. 26
1,667,000
10
July
29 Mt
43 Ma Aug 21
.
1944
34,024,900
-Stocks-
July
16 Mi
57% July 10
9 Mi
212,217,992
$5,887,250
$32,900
Dec
6 M»
Jan
26% Jan
.
i
the
;
2 >
37 Mb
Jan
7Ve
143/b
Stock And Bond Averages
listed
64% Jan
Apr
3%
1
daily closing averages of representative stocks and bondi
the New York Stock Exchange as compiled by Dow, Jones s& Co. >
are
2
26%
'
9
-
Below
18
Jan. t to Oct. 26
3.659,000
$32,385,400
37% Jun
26
5,706,100
28,533,400
M>;;
j
Sep
,
$193,000
2
100
.
Foreign.
18
24% Oct
27% Oct
$32,385,400
Railroad ft Industrials.
Sep
4
26
47 %
5,688,000
-y,
30% Oct
50
13
5.683,000
Bonds
Deo
103
17
5,746,000
423,000
■v
110
Jun
■
Tuesday——
.
Feb
July 13
Deo
13 Me Jan
6,067,300
298,517,543
July
19 Mi Jan
$3,495,000
1,023,000
4,627,690
28
1
32% Jan 2(t
Sales
1945
Jan
M 97M* Jan
Week Ended Oct. 26,1945
1944
I6M4
30MaJan
_10
■>
Week Ended Oct. 26
15
6
Bond
Bonds
118M4
14 Ve Jun
No par
Total
Government
Dec
—1
Daily, Weekly and Yearly
Railroad
Dec
28
103
25
Tale ft Towne Mfg. Co
/
and Miscel.
Dec
96 Ma
Transactions al the New York Curb
Stocks,
Elec
85%
Young Spring ft Wire
No par
Youngstown Sheet ft Tube__No par
Exchange
Number of
Shares
1023/4
113
10% Jun
York Corp..
43
22 Ma
Jan
Apr
26 Mi Jun
:
mel)
Feb
Feb
;
pfd 4Mi% series
100
Prior pfd 4V2% Conv series—100 >
Tr
Jan
18 Ma
83
Apr
6% Mar 26
(P W) Co
'Wml
77
85 Ma
16Mb Mar 26
> IOM2 Jan
2
pfd
M (Del)
Dec
Jan
103/8 July
25MB Jun
1133/4
22
10
6%
Dec
Jan
16
ii 13 V» Feb
*
Aug
31%
28
4Mb Jan
1
Wyandotte Worsted Co
25%
7,112,200
i
25
22%
22%
15
Apr
Apr
Jan
6%
11
No par
3,000
22 Vs
1945
113
10
Jan
42%
Stocks—No. of shares...
Jan
■
22%
15 y«
23
Oct
/
36
17 Mi Mar 27 ;
32% Jan 13
Jan
26 Ms
$28,533,400
22% Mar 21
July
Sep
Apr
,110
> 118
69% Mar
19
Sep
118 Ma Oct
8
7
75
18 Ma
Oct
110
'
Jan
80
22 Ma
7,112,200
101k
par
43
Total
'
" 8
par
62 Ma
••
;;
23% Mar 26
No
25 Ma
Saturday——
XXnwday ■.•
2
12
No
25'/»
.
33% Sep
4
87% Sep 27
34% Jun 14
' Jan
Wriulnv
22 Ma
Week Ended Oct 26, 1945
24
May 10
Wright Aeronautical
43
sales on this dsy.
14Me Oct
Prior
100
22 Ms / 22%
no
20
190
26 Ma
asked prices;
8
40 Ma Sep
200
23
and
23
25 Me Oct
94
45 Ma
•Bid
22
31
84
26%
,
27% Sep
(
-84
.
22 Mb
26%
64%
Dec
*92
.
%V
*44 Ma
25 Ms
a
Co
j Worthington P &
100
t
22%
25
15
36 Ma
No par
preferred
Wilson-Jones
Woodward Iron Co
26 Ma 3
62%
;
s
/
11
Apr
1
Co
Wisconsin El Pow Co
33 Ma
>48%
44%'
25 Ms
ou
pun
Feb
109 % Jan* 26
par
Willys-Overland Motors
'.Wilson & Co Inc
Nov
10%
11 Ma
9.
lOOMa Jan
•
.....—^20
600
48%
26 Ma
26%
:.a
No
preferred-....
'm-mm.
.
22 Ma
44%':
95% Oct
9
84% Apr
.1
preferred
Wilcox
24,500
'
*31 Ma
*95M4
94%
Ma
18%
18 Ma
*95% 100
.:
101
*82
*31 Mi
*97
100
94
,,
83
18%
Ma
*98
conv.
Prior
16,500
*131 Ma
31M4
48%
18%
44%
*131M2
4 8 Mai
*95
No pat
No par
.
prior pref
x20
7% Jan
'
•
32%
99
$4
1,600
mim*'
conv.
17% Jan
13% Sep 20
11% Oct
5
Nov
22%
106
100
i.lOQ
Dec
68
20% Feb 24
v
2
Feb
5
,
12.50
No Par
48
108 M4 Nov
29
24
>__.._.12Ma
White Sewing Mach Corp
1,100
19M4
'
—.Pi0 par
i White Motor Co____...
1,900
99%
v
31 Ma
*82 Ma
9Ma
19%
19 Ma
48%
j ; 101
95 Ms
94 Ms
$5
500
19 Va
28
88% Oct 17
113% Sep
White Dental Mfg (The S 8)_____20
3,500
270-
15 Ma
*
33 Ma
*98
<
14%
90
35
..." 9%
19 Mi
49
95%
;/ 9<!i
'
*67 Ma
■
___________
Wheeling Steel Corp
-
7,400
993/4
*131 Ma
*95 %
100
,14
>• >
*34 Va
•60
.,*95% 100
.
'
36
*32,
48%
*
i.
14%
390
300
35
34%
——
Elec Instrument
Westvaco Chlorine Prod
5,400
J
26%
155/a
:
*131%
60 Ms
>
100
99 Ma
19%
*131%
34 5 a
H
/•Weston
600
*19 Mi
99 Ma
19%
:15 Ma
t
Dec
110% Sep
,
Ry_..
-_-._100
preferred
100
; Wheeling .& Lake Erie Ry5%% conv preferred^
110-
43
99 Mi
X26%
2nd
Preferred
1,100
19%
15%
15 Ms
99%
i
Dec
14 %
31 %
Mar 26
30% Jan
3
.
Western Pacific RR Co com_.No
par
Preferred series A__
...__100
Western Union Teleg class A-No
par
560
'
105%
42%
...
•88% >
"
19%
5,000
25,400
75
*105
98 Ms
27
>
36%
*73
106%
*87 Ma
20
36
70 Ma
98
f
|
68
Jan
17
20% Oct
20
.
Westlnghouse Air Brake__.__No par
Westinghouse Electric Corp__.i__50
'
27
35
>
36% >36%
35
*105
100 VB
9%
19 V*
35
42
'34Mb
•
76%
33 Ma
34%
v
•
Maryland
non-cum
Llasb
35
35%.
42 Ma
98 Ma
34%
35 Ms
*36
35
*26 Ma
89 Ma
34%
36
41M2
27
133/4
3,600
4%
33%
34 Ma
88%
20%
>
"
*|
■
53%*
105
14%
*35
|
89%
52%
lOOVa
32MB
Western
*31%
35 Ms
^__.10a
1,000
33 Ma
44%
Ma
50
88
preferred
1,100
53 Ma
*74
.
88 Ms
89
35
19%
34%,;.-
34%
14%
*88 Ma
35
' 9%
76 Va
.27
>:
Jan
10 M®
26 Vs Apr
X105
Nov
«' Mar 26
9
West Penn Power 4Ma% pfd-»2.-100
West va. Puip & pap oo_._..No
par.
2,400
10
40
8
Oct
42 % Sep
„
10Q
i
9%
25%>25%
49%> 49Ma
21
18 M* Oct
>.'41
Oct/
14M4 Aug 21
24% Jan
2
;
6%
preferred—
Western Air Lines, Inc..-.....*,.!
Western Auto Supply CO*
^.-.LIO
9%
Jun
38% Nov-
"
Aug 21
13
.
'50
52%
36%
*104 Ma -105%
*99
26 Ms
77
17
29% Apr
5
^
1.100
*31%
34%
Inc_
{
,
July
19
.
1
preferred
> >
1,800
115
155
91% Oct
29% -30
"Jj
46%/46%
{
46 Ms
49
\
74
-■20
i
125
Feb
61 Ma Mar 27
.
•
>190
,
35%
33%
34%
105
..No par
No pat M
West Indies Sugar Corp.._^^A...l
West Penn Electric class A ..No par
280 V
117%
*111
'
46%
9%
26
108
*117
«
.
Jan
•
22,100
-1
J»B%
42
27%
160
'
25%
mv36>:-
44%
|
Apr
102
149
2
Wesson Oil & Snowdrift
44 conv. preferred-
1,900 >
53%
35Ms
100%
44 M»
*
33
12
15
Copof
I?ec
29
Sep
ft
Trust
United States Trust.
64Mb
308
51
82%
—12
100
.
183/4
1,615
_
share > ;
45
Sep
10
.
-Webster. Tobacco
56,400
50
Gas Lt
July 10
Jan
JUft
24
.
37
•>
160
8% Oct
par
Wayne Pump
PPl-o
36%.
100
27 Ms
Washington
42
16
$ per
163
1
Nrt
■■
53 Ma Oct
•
Highest:*
share
per
5
13 Ma Jan
Waukesha. Motor
52%
35%
64
Warner Bros Pictures™..^
a
Warren Pdy & Pipe.—^..No
par
Petroleum Corp_».
2,000
109
108
46%'
50 -V;.
-
Year 1944
per share
2
-30MsJan
Warren
1,400
>
-
$
Mar
•
< Sep
8% Jan
new™_<-_».
preferred
1,000"
ii6%
*
i> 35%
28%
43 Va
*27
101
34
'
M
*31%
34
*74
>
109
27%
49
*35
36 Ma
77 Ma
105 Ma
105 Ma
44%
-
/
*27
;VF.
*74
106
;us
*117 ;
117 Ma
33" ' -35; •;
34
9 Ms
<
v
1,700
f
145
__10Q
-.
Baking Co
5 Ve %
share
Lowest
Mar
120
.
Walworth -Co——
Ward
>
•900
tio0
Preferred
820
25,000 '
32% v33
108%
-
117%
ftli A
36%
.
32%
109
27
35 Ma
'
*
112 Ma
42%
36
*36
77%
*74
>>
35Ms
.
25
Uetinnlng
per
Highest
45% Jan 25
tSVaJan 16
.
117 Ma
9 Ms >
54%
35 Ms
87%
110%
'
*3i Va
%
*^A72
Ms
*108 Va
:
109
Ma
*25 Vs
poli,
54 Ms
"*86
46 Va
26 Vs
89 Ma
53%
*31%
,
9,400
;
*30%
30%
25%;;25:iy
»3b%
39
14 « ■
14%
32 Ma
33 •
*86%
87%
:
24 Ma
112
9 Ms
26 %
*
30 Vs
;
•
6,200
*19%
26%
48
9 Ms
26Ms
Mb
32 Ms
33 Ms
27 Ms
*46 Ms
10 Vs
26 Ms
i
•>
,
38%- 38%
19%
X
39
14%
14 Ms
'32Mb '33
88%
*111 A
50
10.;
26
13%
M./yj;
20 Ma
i
19%
-
19%
30%
33
*117
34%
S 28
47
14
31 Ma
117 Ma
39
*19%
116 » 116 "
111 > 111
'20 Ma
19%
39 •>
Ma
*108 Ma 109
115 Ma
109
28
95
>:
13
•
-
preferred
•
preferred..——
100
Walker < Hiram) 6 & W
.No par
^-DlV redeem preferred—-No par...
5
10%
94
24 Vb
*86%
34 Ms
112
*25 Ma
Ms
117%
•111
10 Me
95
39
32 Ma
109
112
10 Ms
"40
13%
Ms
-
;•
1,700
*19Ma >19%
i3%;
•:24M4
39 MB
V;
*34%
*111
..:4
19 Ms
19
'30% ,30%
109
115 Ma
87
10%
38%
*23 Ms
31%
*108 Ma
v.
t
29
,
Wabhah RR 4%* preferred-^._100
Waldorf System
No par
Walgreen
pat
700
1,200;
1,300
j
111
86 V*
19%
:
'
33
*86 Ma
87
Ms
14
18 Ma
38 Ma
40
12 Ms
Ma
V
''>%
f
17
38
94%
'
6%
^
12 Me
;
94 Ma
/C> 19
24 Ms
39 Ma
13%
94%
yM:-; 900
Vulcan
72
;
*109'/a
86
*19%
<:<
38*-*:
"
31
24 Vs
,
108%
1143A
-
19%
30 Vs
24 Va
'40
19 Ms
.
13 >■'
39 Ma
19
30 Ma
Va
12%
•
v
Ma
19
,
111
86 -V-'
.,;lo;t M10 Ms
94%
19 Mo
39 Ma
39 Ma
20%
*109%
v
40%
?; ny*
Lowest
Virginian Ry Co__
170
*70
18 -;,s:
Ratite Since January 1
$
162
38
Range for Previous
YORK STOCK
EXCHANGE
100
*155 *'
72 Ms
17 Mb
NEW
Shares
56
-
40%
•155
-
37%
87 Ma
.;
*19 Ma
10%
94 •
197/b
39%
*20 Ma
170
'
111 ■'
'/• 87
13%
10%
yi
162
38 Ma
*109'/a
19 Ms
Ma
13 *
10%
93%
■
*19
19%
*
*52 Ma
•">
»•-
1
71%
18
38 Va
88 Ma
87
87
*155
Sales for
the Week
S per share
55 >
40
*155 'i'
5.
70
>18
111
109 %
39 Mi
Friday
Oct. 26
.
t per share
*52%
164
39
*
v
54Mi
170
18 Ms
18 Vb
40
i
39%
*155 >
71 Ma
71 Ma
18 Ve
39 Ms
Vv
39%
*155
•
Oct. 25
per share
*52
\
>155 vFl70*i;
18 Ms
40'
»
*71 Ma
*155
-,y
*39%
18%
$
Thursday
Oct. 24
„
$ per share
/...,!
STOCKS
Wednesday
Oct. 23
RECORD
FKICBS
1,675
*
Bond Record «»
FRIDAY
New York Stock Exchange
WEEKLY
-
YEARLY
-
BOWBI ; '
Stock Exchange
V
BOND 8
Week's Range
or Friday's
Price
Bid & Asked
Friday
'
Last
Interest
Exchange
Stock
York
New
Period
Sale
1946-1949
Treasury
J.-
110.30
♦110.28
1948-1951
__
*109.4
109.6
♦113.10
1951-1954
113.12
—1956-1959
1945
114J3
-.^^*115.10115.12.
v *100.8
100.10 .
1948
■I
r
4^1958-1963
*114.1
,'i>
.1960-1965
.
.
*104.22
104.24
*106.6
106.6
1950-1952
*107.5
107.7
1952-1954
*106.4
106.6
1949-1953
1956-1958
>107.29 107.31
>102.30 103
>102.10 102.12
—
—1962-1967
;.!Se3-i388
■
1964-1969
1964-1969
June
Dec.
103.20
113.22 113.22
*104.16 104.18
113.22
1955-1960
2%s_
Treasury 2%s_
Treasury 2%s_
Treasury 2%s_
Treasury 2%s_
■"-^-/Treasury 2%sTreasury 2V2S-.
Treasury 2%»~
Treasury 2VaS_
;.;71 Treasury 2»/2S_
Treasury 2l/2S_
Treasury 2y2s_
Treasury 2:/as
Treasury 2V2S
Treasury 2'/2STreasury 2yas
Treasury 2V2S
Treasury ?y2s
Treasury 2y2s_
Treasury 2y2s_
Treasury 2y4s_
Treasury 2J/is_
Treasury 2V*S-
102.4
*101.16 101.18
«
1951-1955
3s—
106.28 109.24
101.19 103.27
*108.24 108.26
.
1S46-1948
Treasury
High
Low
No.
106.28
♦101.18 101.20
_
1949-1952
York
January I.
101.8
♦101.0
1946-1950
33/»s_
3%s_
Treasury 3ysS_
Treasury's—
Treasury
Treasury
106.28
1947-1951
4Vis_
New
Range Since
Sold
LOW
High
fC. S. Ovvernment
rreasury
Bonds
'
Monday, October 29, 1945
CHRONICLE
COMMERCIAL & FINANCIAL
THE
: 102.4 r
102.4
101.29
_
102.4
101.29
1965-1970
el01.24
101.21
...June 1967-1972
100.27
Sept 1967-1972
105.22
*107.1
1951-1953
1952-1953
101.26
101.25
100.27 101.2
105.22 105.22
101.21
1966-1971
107.3
•* 104.24 104.26
—
.
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Mar
t
h
1948-1950
,
.
'•
102.3
•
.
102.3
*103.17 103.19
*102.25 102.27
*102.29 102.31
.
Sep 1949-1951
Dec 1949-1951
-i.
*102.30 103
.March 1950-1952
U
*102.30 103 t
*103.3 "103.5
103.8
103.8
*103.13 103.15
1950-1952
Sept
__
1951-1953
103.8
1951-1955
S *103.15 103.17
103.15
103.15 103.16
*106.14 106.16
P?&&
1952-1954
..Dec 15
..
1953-1953
15
June
194*
...
1950
l%s
,
104.16
100.28
>102.21 102.23
Jun 1949-1951
2s—
treasury l%s_
Treasury
100.28
__
Dec 1948-1950
Treasury
-
*104.14
—
1947
.June 15 1952-1954
2s
2s
Treasury
*108.14 108.16
,
•
1959-1962
2s—
2s—
28—.
2s—
2s—
2s—
2s
2s—
2s —
2s—
Treasury
Treasury
■«.'
1956-1959
2V4S
2'As_
Treasury
;
—1954-1950
101.10
*101.20 101.22
101.10 101.12
■
New
City
York
Unification Issue—
Corporate Bt-ock
Transit
3%
117%
117J/c 117%
-
Foreign Securities
Wertheim & Co.
120
REctor 2-2300
5
Exchange
Members New York Stock
Telephone
f
Teletype-
NY
Broadway, New York
89%
91
85%
;
1-1693
86%
*105 -
*108%
Govt.
Foreign
AGtd
sink fund 6s
89%
41%
—
108
110
105%
__
112%
117
*159%
1947
1948
sink fund 6s
AGtd
•
*113
(Colombia)—
*63
110
115
—
154
160 Ve
72
115%
115
—
*
4s
1968
f 7s series B
1943
.AExternal s f 7s series C
1943
1957
—
a
External
s
External
s
A
External
s
A
AExternal
•>
—
External sec s f 7s 2d series—1957
A
f
sec
s
series
1st
7s
—
*
37
35
38
37
34
f 7s 3rd series—1957
74
98%
81%
34
95%
*30
35
31
30
100 %
33
30
30
33%
*96% 100
i02%
102
100 Vs 101
96 Va
96%
97
/
97
97,
101%
101%
*101%
f
*ioiy4102%
100%
101%'
100
102
106% 107%
104
102%
v
104
104
102% 102%
95
1
*50»/4
101%
99%
100
95%
65
*108y3
]
90
99%
90% '"99
: ,U
.
16%
17%
15%
.15%
15%
-14% '
103
1949
100%- 106..
1953
100 y.
103
External
s
f 7s
1953
105'/a
|
*99%
110%
1941
59%
73%
»/AExternal
(•
8
f ttvfes of 1926
(lut reduced to 3.375%)
(Central
A7s
fty)
20
j
*99
<Int reduced to 3.5%)
*
100%
103
12%
Series
No.
Series
No.
Series
No.
34%
100%
12%
,12%.
14%
10%
11%
*10%
1957
1979
For Financial Institutions
1978
3
FOREIGN
3%s
SECURITIES
:
1979
FIRM TRADING MARKETS
4
~
1
:
Series
No.
3%s
Series
No.
5
»jr3%s
Series
No.
6
*%s
8eries
No.
7_.
j-Tas
8eries
No.
8—
3%s
Series
No.
9
?
3%s
Series
No.
10
r.'I
3%s
Series
No.
11
.1
>*'<
x
FOREIGN SECURITIES SPECIALISTS
,
-
'
.
;/
>' 3%s Series No. 13
3%s
Fo-
Series
No.
footnotes
14
see
page
v
50 Broad St.. New York 4. N. Y.
Telephone HAnover 2-0050
J 5%s Series No. 12
.
ill;: r*ABL "MARKS & no. pro.
_•
2040.
!
30
30%
100
2
3%s
»
27
1979
funding bonds of 1931
3%s
i
1
if
vVl2% --14%
**
1978
Bbfrnal $ bonds of 1944 (Plan B)—
*'<1-
23%
90y4
20%
—
Plan A
Stamped pursuant to Plan A
(lnt reduced to 3.375%)
25.^ i
102
94
30%
1952
stamped pursuant to
&%
*
•
82%"
95
Stamped pursuant to Plan A
■'
s".;
*101%
i
1957
(Int reduced to 3.375% )
AExternal s f b'/2s of 1927
r
-
96
-
Stamped pursuant to Plan A
?
*
V
*100
105% *
107%
f 6s
i
101%
101% 101%
86% 105% {
100% 103
s
(U 8 of) external 8s
Stamped pursuant to Plan A
lint reduced to 3.5%)
96%
33%
35
101
,
External
fABrazll
77
96%
37%
40
*92
external 6%s^
80
*101% 102%
1948
>6 1 conv loan 4y2s
1971
S f extl conv loan 4s Feb
1972
S f extl conv loan 4s Apr
1972
Australia iCommonw'lth) 5s of'25.1955
.•
External 5s of 1927
1957
External g 4%s of 1928.
1956
8 f external 4%s
^elglum
99
37%
.
*37
*30
—
98%
100 % 101
38
36%
30%
(City) external 5s
1958
(National Government)—
AAntwerp
Argentine
-
—
35
36%
'
i
1945
f 7s series D
,
37
36%
1945
(Dept) coll 7s A
AAntloqula
98%
96%
(i£lng of Norway)
Akershus
94
70
110% 110%
Municipal
A
Agricultural Mtge Bank
72%
31%
35 W:351/2
,
Teletype N.
^
yI 1-971
'
i
•
1
Volume
162 —Number
4433-
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW
A
BONDS
New York
Stock
*
Friday
I Last
Exchange
Friday's
or
.uoreiu
os
£-__1945
/^Assenting 5s of 1899,
A Assented
,
to
Nov.
AAsoentlng 4s of
rv; M A Assented
5,
1942,
1942,
1942,
IA treasury
6s of
A Assented
Miuas
A
to
1913
5,
21
Sec external
(Int
.18
ASec external
(Int reduced to
AMonievtdeo.> (City) 7s
Afi*
a 6s
New
47%
__
1952
Norway
(Kingdom
External
-
4s
f
sink
of)
fund
sink
4y2s_
Municipal Bank extl
<
APerhambucb
/
APeru
j
(State of)
reduced
a
F*A
g
^
7
102% 103
102 % 103 i
/
L.
12
16
J-D
•95%
25J
.1994
'
'
_1947
f A Poland
(Rep
of), gold
:
•; A4%s assented.^Stabilization loan
|
A4%s assented—
7 A External
sink
2714-
27
a
■■
i«
-
'
i"o
Plan
Stamped
tint
pursuant
to
reduced to
A
,
2.25% )
.Stamped
v
to
to
Rio Grande do Sul
\
v
.
reduced
to
;d
(Int
•
j-j
.
40
,
"
.
*
*
104
01%
-8'west
F-A
sink
f
40
40
48%-48%
/
J-D
.
A///
.
1*4
% v-
■
■
->'
•
36
40%
■'
'39% »-48%
4
^
Stamped pursuant to Plan A
(Int reduced to 2.5% )—
-■
'JL.,
...
.
.
::
:
il
:::
43V.
Stamped pursuant to Plan A
(Int reduced to 2.25%)
A
reduced
IA Secured
—
55
(Int
f
-a.
63'
56%
.2.
.
A
Silesia
(Prov
of)
A External
•A
extl 8s^
1960
IL-e
M-N
12
.;
100
—
,
SA5s
—
105
—
-
(City)
—
—
.1978
F-A
i
.00.
86
*82
73
_.
74%
„
-A
89%
91
.'II
FrA
A
*16%
19
.W-
15
1
15
"
A
1953
plain
AStamped
28
>
Great
Southern
Alabama
Power
1st
70
1947
mtge
with
warrants
assented
24
'
A 102
&
a?
'i
102
•
V-J
G
102
3(is
,—1948
^
-
A-O
5%s.
conv
—*
——It
3-D
debentures.
F-A
2»a debentures
98%.
A
A
k&-\ 105 3®
••
A
U
A Anglo-Chilean
.1967
/Jan
Ann
-1995
Armour
lst;
&
Co
(111)—
cum
income
footnotes
see
M-S
-
102
102%
107
0
A.
"
•
113
'/ 90
.113
-
V ,98%
90
.
;,,
50
2040.
677a
80
637a
84
32
^109
-
...
1037a
.'10674
106%
107fg
0
110 A
10574
1087a
107%
0-A-0.4
16'
4:400
(
108%
5
10574
1
• ■
108
;
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_
0 107%
-
v.
I
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'
000
//r
000:45
A
81%
11,
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H
■
.'4.0.
733/4
86%
51
31
4.0
937a
10274 1027a
49%
103%
101%
837a
;?J'VyrY,'
98%
977s
104
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r A.A 00/0:40
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».
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"107%
105
-
0;
106 y4
108%
1037s
107 y«
1177a 118
0
1153% 115%
116% 116%
119%
115/a
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1187a 1193^
--
r~
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1167a
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121%
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5
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11274
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118
118
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112
11874
-13
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00 4
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49
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;
29
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116
>
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0
146
0
100
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.
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30. 0
102
101%
105%
77..% 46
100%
105%
'a
3
\:i 17
110%
115%
.:■■■
"
'
71
9^222 '//94;
:AA7/
1057/a 1067a -2
6
of
Clinch
1173/4
/
,90%
>102
0,
104%
,
T
1077.
105%
A
-105% 106
48
102%
107%
-A
Ohio
967a
A Ref
ft gen
A
85
-
gold 5s
—
"
1st gtd 4s
tACentral of N J gen gold 5s
./A, -A5s registered
New Eng
,40,
'
00
1""
1961
1987
—1987
1987
4s._.
-
;
14
•r
75%
86%
..
53%
.
•
"hi
91
106%
84
30
147a
21
32
1374
28
6374
87
74 %;A74
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29%
108
"i
101 :•
101
8
43 444 %—" " -117
42
262
423/4
39%/ 39%
22
0
1067a
.
96
380
36
28..
48
1097a
103%
55
52%
-
347a
"353/4
————1987
A4s registered
U
73
108
Light
88
i'
20
21
21
20
y
28
*
11072
78
3
'<fy i
; 86
"74
1st
Illinois
AGeneral
Ji
-
12044
10674
.13
.0;. 0 0-0
,85
;
85
Div pur money gold 4s__1951
Mobile Dlv
121%
97
5%s series
t A Cent
10574
1077a
gen 5s series C.
Central
106%
103
42
1063/4 1063/4
4s
1007s 1017s
48%
44
;•
;
.
N
'9
1037a
1067s 10774
29
106
10674
80
105
Y Power 3s
106
105
r
108%
109
96%
106%
A 1st.& ref series A
.(474% to Aug 1 1949)
8 A Central RR & Banking 5s stmp_1942
Champion Paper & Fibre deb 3s___1965
Chesapeake A Ohio; Ry—
:
General gold 47a«-—:
-1993
Ref ft impt mtge 3%s D
Ref ft impt M 3%s serie
cons
gold 4s
gold 4s
t A Chicago ft Alton RR ref 3s_.
*106
92
•
:
85
2
92
1989
J989
,
41
1027a
139 ;
12
137
140
105% 1057s
0105% 105%
16
.
7
92
102 7a, 1037a
1023/4 1037s
1023/4
14574
104%
106%
104
107%
101% 103
•101
Potts Creek Br 1st 4s
,/R ft A Div 1st
2d consol
•
13
105 /4 106 U
10^ 7a
10313
deposit—
ft
Central
116
10674
1033/4
Central Pacific 1st ref gtd gold 4S-1949
Guaranteed gold 5s
.-I960
r
6
—
4
109 % t
.0,105 &
160
trust
104%
■/•A.;
57
.
v
J'
<0 94 -105%.
100
,0.
104%
"A
page
r.
■
rc
A
J-J
J A Con sol gold 5s.
.:,;4
Yi
A''-f-
100
;
_1964\
M-N
rr.
For
:
,
debs
(Subordinated)
T
'•
A0i 0
Vl04% 105
*
mtge 3%s series E__
4%s
00
143% 146 ;/.'Aw.0;193
101% 102
104%
Q-J
Nitrate deb
-
105 A
0104%
:"0-
i
gold,4s
74; 61
■.«A04 32
1057a 105% 'A'/'
109
:
1969
1970
——1955
107 (
104
(34
-
1057a
1067a 106%
11
1957
Oct
5s
;
79%;
■A-O
A-O '
J-J r
5s A—1962
105%
I1
—
A0 ''
a,
y
1974
'-y
108!,i
—
..
^
-
101%
104
-
—
103
'.-'y
f
10174
45
71
'
•1077a
f
J-D
F-A
AChatt
A
106%
102%
;//'■: 2
A/109
116%
09: > .0A: 'A A A /lO'-v..' 89% ' 99
•101 Vi 101% A-> A
T01%
:0/0104%
A-O
.1975
Arbor. 1st
r"
101 %
/
104%
100
,
■
146-..
M-N
>
—
104% 105
A-O
.1969
—
100%
" "
A
~
F-A
103% 0
100
•
♦99% 102%
%'I "12
105
A-O
debentures
i; Am Wat Wks & Elec 6s
•/'
0
a
•
72%
:
*--
National gold 4V2S
0, A Ref ft
.113% 113%
A
M-S
i; Amer Tobacco Co deb
j
/
1956
■
'
*104%^t
*.'
•
Jf-N
Telephone & Telegraph Co.
debentures-.-
'73%
''"m
A
A Cent Branch U P 1st gold
JCebtral of Georgia Ry—
104
107 ?:■ 109
■
-
.
.102%
*1""
A-O
A-O
VA-6
02%s
-3s
•
—193d
A/ A 1st mtge
V
1057a
1C2
4,..
105%
•100
v
M-8
Chem conv
*1077a
98%
10174
10174 101%
of
gold
.0A0V0
'101,/' 102
'
y/'*"-.J-D •00A:7f00'
,
Cart ft Adir 1st gtd gold 4s
A.:y".A'4 A .0.
A0 ^0' 0A0;
s
103
lO7%A;0rt;00
A-O
Foreign Pow
American
j.
>
,
1951
.(Carolina
160
0 96% 108;
—/
♦■
Allegnany & West 1st
Amer I
■
/A 104%
*104'%
1967
3%s_._.1972
13174.
102 7s A
:;'0A:r00y>AA •■,'•:
000;,:
M-S 0.V,-.4;f-a -yf
00; Ah a A
Certificates
a
0
/a"
20%
155
-
106% 107
0.,
0V:
1948
3 Vis
129 7a
--
flACarolina Central 1st gtd
■i:
-27
13
—
I
80
-17%
1948
Albany «&^Susquehanna RR 3%s—1946
Gen mtge 4%a—.;
^-....^1975.
j
%r. IV
s
.AH
-
.1953
A Alabama
3s
at
.
Collateral
,i
(A Albany Perfor Wrap Pap 6s_———1948
t,
•
81 Paper—
10-year deb 4%s stamped
,
75%
•'
1
.1958
FA
series
17
''
1297a 1297a
00
J-D
J-J
A-O
*83
—1984
external 7s.
102%
A0AA000''''04'A 70
0'v4- A-;. 104
Canadian Northern Ry deb 6V4s—^^1946
Can Pac Ry 4% deb stk perpetual
110
*100
-
J-l>
extl conv
Adams Express coll tr gold 4s
Coll trust 4s of 1907
Am
\
-
Guaranteed gold 5s
4 Guaranteed gold 4%s
Guaranteed g6ld 472s
Guaranteed gold 4%s
;
4
1027a
*102%
-
101%100% 101%
AAaA"/". 'A0
Guaranteed
.
6s
coll 5s
Canadian
—
98%
4_;
-1
M-N
'
1
86 Va
0
,AA"0;" 106 A106 0
4,{ *106
107%
F-A
C-..1967
modified
Calif Oregon Power 37aS—
Canada Soucnern cons gtd
,
86%
„•
'
.1981
A
101
I
M-N
California
26%
103%
91
26
i
Af-N
'
8674 ,100
0:00 0; 12
II
"i
♦. .0
94%
F-A
:~
.
87 0
4
v
100%
.v'41
^
95 000/0V 13
•
.
J-J
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94 4
M-S
,32
'
17%
-
5
—
85
ovtl
'
f'.
1966
cons
'.-27%' ^
27% .A;
22
—
21
*100
—,
.
12
6
35
.
*H0
Jf-N
p:, Railroad
tAbitibi Power
(/
1960 0 ;
July 1970
00
04,
165
--
1
A4%s
I
&
66%
65
1 v.i'j;'Y :„
•
987a 100
n
0,
.
M-N
H A-O
;
-1961
—;
(interest
to May 1. 1947)
3%
-
.'
r<L..
0667a
:c'1
0
•"
.
4
502 0
:>0
1
>::"■*
..V;
,1
«
91
A A 87.
,
72%
1007a 100%
I29s/a
0 J-J
0 M-5
Niag Elec 3%s
!
82
92%
9474
'
A'-b
($ bonds of 1937)—
3%s extl readjustment
iA
Al:
'
-N
,1964
5
.
102% 102%
"A
1946
11/^g
4-4y4-4%s"extl readjustment
AWarsaw
A
;
84%
-
00. 000 .00 '0. * 1017a A0T4
I-,-..0.';;^_197O
ser
mtge s f 372s.
50
64
„
19%
*21-
External
AA/A
20
.
*17%
-
sink fund 6s
3%-4%-4 A
36
8874
75%
10774
-94%
■
J-J
i
66%
,94
,
3-D
48
.
99%
-
A-O
gold 4%s series JJ
' d8 (series Jfcl
4s.series RR
§ a 1st
Miisi
tl9
"AAA;;. External
lAvT.-;!-
1950
j
99% 100
A,
997a
.
—1956
3
75'/,
—
A
20
External sink fund 6s—
3%s-4-4%9&
/■»
54
A-O
(Kingdom)—
extl
s f
(Republic)
AUruguay
:
mtge A2%s
—1940
IA Sydney (City)
5;
2%s_.,
0 A•*'*r .yJ\
70%
100 %
.
A-O ;
A4%s assented.
A
J-J
.1951
IBurltngton Cedar Rap ft Nor—*
55
..
V
A8s secured external.
A 7s series B
|v
;
..
54
-
3.5% )—1978
to
) f Serbs Croats ac Slovenes
$
Loan
A Certificates
*49
-
2% )———2012
7s__.
reduced
„
W'V
-1951
Indus
Stamped
••
2004
50
•
46%
.
35
95 ;
'
*'
■'J
-V0' '
■
J-J 47:4
9174
:
'vi
83
72
100
J-J
Buffalo Rochester ft Pgh Ry—
52
42
—
55
•.
Stamped pursuant to Plan A.
i
M-N
1950
Buffalo Gen Elec 47as B
>
*56
—
;1968
to
40 43
185
82%084'/»
'■/A
Stamped pursuant to Plan A
(Int
A1
1st
Gen
■
.1999
loan.........—. .1956
A6s extl dollar loan
{
.1951
(int at 3V»%
Bklyn Union Gas 6s series
■.
45%
-
■
.
1st M
.■44'
(••■H\4
A'-\-
Telephone of Pa 5s series C—1960
Buffalo
1.
*61
7
40.
60
8502:0
907a
v.t-~
483%
F-A
•0
4ssf
A^
AAA; 05
.1950 /
water-
M-S
'
:
Ainc
Alrtc mtge 4%s set a
4*/as
f A Boston ft N Y Air L 1st 4s—...1955
/
A?
Stamped pursuant to Plan A
extl
io„
M 3%s™._
Bklyn Union El 1st gold
*A:<lnt reduced to 2.5 % ),.
./
Div
Bklyn Edison
J-S
837a
8374
¥.*
:
.Feb 11960
0
J,;/
-
•
due
plSbr JlUf£3
1st.mtge
—.1957:
external
91
A-O
.
Stamped pursuant to Plan A. .A
(Int. reduced to 2%)-—-1.-2012
lASan Paulo (State* 8s
—.1930:
A7s
3-D
id)
Cons
'
A 8s
85%
SeSber»^-----;-/95'- 0 *"°
.
,•
107%
109%
109%
i'
,
,104% 105%77;':-:-
'•
Boston ft Maine 1st 5s A C—*___:1967
1st M 5s series H
1955
Paulo
(City) 8s.
^1952
Stamped pursuant to Plan A
i.w
(Int reduced to 2.375% )—-2001
s
3-D
due
:
...
'j ' <0.
104s/a
D (int at 1% to
ser
ref 4s
Beneficial
>-
fASan
A6%s extl secured
-
-
...7,,
.
104%
104%
96»/a
to -0,
Beech Creek Extension 1st 3%s_..1951
4s—-1964
fund
%A.
J^,Q
Bell
,
-
(int at 1%
V.
1946)
"to Jan 1 1947) due_.
-
,
Con
1960
Fe external
vr
A
J0;'. ,// .App'//'''";/ "',-,'1',"to0^ •.•A-.j44a0:7
Tnln IttM
Pgh L E ft W Va System—
Ref gold 4s extended to.
4.44
A/-
municipal loan—,
-——1967
Stamped pursuant to Plan A
4
(Int reduced to 2.25% ),—j2004
.
1
AConv
104%
.♦47:1052%
:
A*0
A 7s
-
gen ser A
:
', 1rasr kint"1%
85
104
,
;
Sep 1 1946)
*79
-
f-A
"tsnszzrz i%nr.±2oo4
'
1
2012
Santa
A A7i
^
-
_
.
A
2%)
4
•
■
.
due
—.—_1995
M.y
Ref ft gen ser C: (Int at 1%%
a :
to Dec 1 1946) due——
1993 0 fy
-
pursuant to Plan -A
to
A0A
:
Ohio
004; Ref ft gen
fund gold—._il968
reduced
ft
rw«>.
7;
•
2.5% )——.
(Int
_
107% / 107% 108
V 70
J-D:/: A
108
0
10674-108
,
741948 00 J-J
,
.46 A; ..'A. 45%
46% 0740130
.1948 A-.40 J-J 44,
35 A"00; 35.04 36%'4,;4. 10
y0:4;>'4», stamped.u--i---^i.
*
„
.
-N1057r l06
Bangor ft Aroostook RR—
Plan
■"
■■
„
•
Toledo Cin Dlv ref 4s A.
7s.exteraal loan of 1926
-
< -
47
49%
-.,
(State of)
ars external sink
/
••
;4i
Plan
to
.■
r,01(,7
1969
M-S
A'-A'-lstcmtge -gold '.(int.at 4%
;747
2%)—.
Stamped pursuant
.
"
1st
A A:
124
111
1107s 111%
109
110%
^y* 110 AA-i4-vi.0.0y
A
■
116%
1107«
;
.
./:•
extl loan of
A A 8s
'
00 1st mtge gold
770
S'l
"
'41
—1953
pursuant
(Int reduced
,
Baltimore
H^
/ i?"
25
T:
■
'•
j
2
—
2001
6%s
sec
3-D
V
123
_
A:
25'/.
'
2006.
(Int reduced to 2.375%)
/e
03S
Dec
a-O
A External
0
-V-Wv
'
0'A4'kRef,&
Stamped pursuant to Plan A
;
1?%
19%
23
— v.,
.
133%
*118
•A;'"' *118
120
A,,.; *110 A- —
-i
y j-D0/AV
-
1
"s?,
;
Queensland.(State) extl 6s
—1947
ARto de Janeiro (City of) 8s—1946
"
mortgage 3%s.
37
Atlantic & Danville Ry. 1st 4s
A
Plan
J-D
0
130
J-D
1964
lYm "14%-
gr-K
! v A
*
ii
27%
•13%
_]
APrngiu, (City ». Gteaterj 7%._.»5>
i
1st
•
>05% 105%, '
•
•T"
'4''--
"
Atlan tic Coast
;
(Int reduced to. 2375% W-..-2001.
A External loan 7%a——
..1968
Nov
M-N
'
i.
Low
1^8%
130
Conv, 4s of .1905-„-,—
1
Friday's
or
High
A-O,
,1955
•
,
Hmmw*.
wtwi Ktn|6
Bid & Asked
A
.1995
;
Oonr gold 4s of
,i_il960
1910r
Atl Knox At Nor 1st gold 5sj.
-1946
Atlanta & Charlotte Air Line
jrlott
Ry—
/0
-
by? i<% •
*2°'
Alo
—1963
..........
•♦
;
*9ldAa2* P09r
*
(City Of) 8s_——.1961
Stamped pursuant to
6
....
UfnaDn
Last
i
Adjustment gold
'Stamped 4s .;
103% :m
------
1950
:
York
Teletype—-NY 1-310
.
Sale Price
7
103y4
3
«£ »*
6s.—--T940
-a4%s assented..
-
APorto Alegre
1
Friday
Interest
v..
11
1X.IJ.U
■
".
Atrfilson Topeka & Santa Pe—
General 4s^.
?,
v
00
99%
100
-
1
„
Rer._._1961
gold 8s
1
aa! A/,.';/
i- A
4s.
—._1968
fund
it.
A/;
^/98% 103%-/^
♦105%.__
:
M-3
1956
f 7s—___1947
s
Bell
;
i'.M
<7
III
>'•
rv
:%h-~
j-£)
Af-S
2d
a
«
)
York Stock Ex
120
-
2.125% )—*..2008
external 7s_l
(Rep of)
■>
BONDS
41
il
118
97
A~l%&
7s
0- New
/
•
-
40/
47%
100%
102 %
'
f
35%
37
& RUST
Exchange
0
: 0 'Telephone—DIgby 4-4933
to
a Nat Loan eXtl s ft 6s
Nat loan extl
6p
|
•
00
Stamped pursuant to Plan A
iInt
Broadway
Stock
Yc >rjfe
Members New
125
99
AStamped assented
■'
'
—
.1970
s
■.'
A
■
•
38%
*""000
AO
Stalnp mod 3%s ext to_
Ext sec ref 3%s series
•
47%
;
.1963
i city) sink fund 4%s
APanama (Rep) extl a I os
'
/
.>
.
m
i Oslo
"0.;
38%
.1956
f 5s.
s
f
47%
47%
J-D
4y4$__
extl loan.
lund
47%
t98T
1958
■*
.
*
|00 PFLUGFELDER, BIAMPT0N
*
.
.
s
j
ii-s
IPSO
f i;&cternal8f-5^
External
f 5*
«
22%-
2.125%>_..2008
South Wales (State)—
i
22%
r-
A
A.
serf a
series
18 %i
17%-
61
M-S
.1959
;/I,/.; y '*
97a4T3%
12%
42
-
"0" ;':„/"A
*17%
.1951
t (>%s_
s
v;
13 ,v,0
16
2.125%)
Stamped pursaant to Plan A
;;
;
to
10%
18
■
>,18
a,
•22%
agree
f 6%s.
a
reduced
16
10%
Railroad Reorgainization Securities
0
i8%<:«i:
22%
•13%
Y-j
1933
1942,
21
ioy«
Y-j
agree
Stamped pursuant to Plan A
.0*
High
13%
agree
;._;_1945
asseui
Nov.
Low
♦183/4
(State)—
ueraes
No.
♦111/4
Yd
1954
Nov.- 5,
to
22 Vs
Q-J
agree
1904_
AAi>seutlng 4s Ol 1910
0 A Assented to Nov. 5,
'
January 1
Low
♦18%
Q-J
^.1945
•
■
OCTOBER 26
;
i«99
ui
WEEK ENDING
FOR
Range Since
Bid & Asked
High
AMexlcu
YORK BOND RECORD
RANGE
Week's Range
Sale Price
Mexico—(Continued)—
2037
*128
53
747
131
125"
—
51
12874
"130
•123
126
32
SO.
'
"
Monday, October 29, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
YORK BOND RECORD
NEW
RANGE FOR
26
WEEK ENDING OCTOBER
.
BONDS
Stock Exchange
York
New
Interest
Period
'
High
Bonds
Sold
Range Sinee
•<; January 1
Low High
t
No.
Low
New Fork
Interest
Stock Exchange
ft Qulncy RR—
General 4s
3%s
Chicago ft Eastern 111 RR—
l6t ft ref mtge
A Gen
mi!
—
Y
i
104 %
J
—
106%
4s
Ry—
106%
;
21%
13 %
104
91
'/
108
105%
90%
11
1
112% 112%
5
12
103% 104
Columbia
Gas &
102
ft H V
1st extl
Columbus
ft Sou Ohio El
—1980
1961
ft Tol 1st extl 4s——.1955
Commonwealth Edison Oo—
.—1958
3%s
debs
107%
108
•
series L
1977
ref 4%s
.—1951
Conn River Power s f 3%s A—.—1961
Consolidated Edison of New York—
ft L 1st ft
debentures
debentures
Ry
ADebenture
1955
—1956
1965
4s
4s
Continental Baking 3s
debs
-v;,.
114
105%
108%
107%
112%
111%
105%
107%
102% 102%
A
Deposit
series B
receipts
——
extended to.—
1946
Dayton Union Ry
Co
&
extended
Delaware, Lack ft West RR Co—
N Y, Lack ft Western div
& Hudson 4s
Delaware
1st
ref M 5s ser C——
ft
mtge due
ft Light 3s
Rio Grande RR—
5 A 1st consol 4s —
8ACpnsoi gold 4%s
Income
Delaware
JDenver
Power
1965
1963
75%
72 /
57
102%
50%
46%
40%
50%
81
80
85%
45%
40%
51%
66%
66
68
*64
gold
3s
gold 3s
3Vis
ref
41%
*44%
46%
65%
61
41
1951'
1951
1951
1951
1951
52
100% 103%
106
__
103% 103%
101%
104
139 %
137
144%
96
103%
139
*101% 103
*100% 101
*113%
87%
72 %
79%
78
100%
100%
115%
113
—
70 %
71%
64%
80
34
35%
30
45
102% 105%
—
*102%
-
„
—
'* *100%
—
101
100%
99 %
89 %
88%
89%
100%
84%
99%
94%
107 %
96
74 ;
90%
100
101
/ 99%
97
fci 100%
95%
101%
98
105%
99
*100% 101%
99%
103
83%
99%
82%.-99%
102
89
100% 102
100%
97
103% 103%
101%
99'/a
*102
103%
103
84
*105%
102
102%
88%
99%
98
75
70
105% 107
107
101
.,,,
.
100% 102 %
100% 102
99% 100%
101%
103%
103
—
75
*62
102%
105
103
*104%
105 %
103 %
__
97
96%'
97%
81%
100 %
90%
90
915/6
76 %
95%
87
73 Vi
87
-x
92
106%
105
97%
75,
62%
series
5s
89%
85
58%
89%
54%
58 %
1958
B
108
28%
6s series A—July 1952
gold 5s series C
103 Va
James Frankl
108%
98
101% 102 Va
Jones
*
75
61
J6 Va
84%
74%
91%
92
103% 104
103%
105 >/a
107% 109
106%
111Va
102
103 %
*103 %
—
103
102% 103
95%
103%
104%
103% 105
99
105 Va
30-'":./' 88%
99
14
102% 104%
ft Clear 1st 4s.
Laughlin Steel 3%s.
ft
—14
14%
-11%
12%
63%
63
63%
5%
:
.
21
19
5Va
I
1
54%
106%
106 Va 106 %
71%
ft Mich 1st. gtd
gold 4s—1990
Ry—
City Fort Scott & Mem
gtd.4s
:
——1936
of deposit
1st 3s
-1950.
Kansas City Terminal Ry 2%s
."1974
Kentucky Central gold 4s
,1987
Kentucky ft Ind Term 4%s_—1961
{ARefunding
1
i»
108%
-
107
65
60%
41
—
v—'
54 Va
•
117
41%
117
109
65
28
,,
*106% 108%
54 Ve
j
Lake Sh
109 Va
48
65
106 Va
106
\
41%
110%
105%
109 Vt
■<
1
117
54 Va
45
106 % 106%
105
151
158%
4%s
II
——A
3%s
ft Mich Sou gold 3%s.
registered.—}—
Lautaro Nitrate Co Ltd—
A
1st
mtge income >reg
,..
i>
93%
90%
90%
106% 106%
122
107 Vi
-A
—;
—
68
70
104% 104%
*5%
6%
122
•'•V 79
107%
104
109%
102
—
—v
,
101
107%
*109%
*186%.—
:
118%
122
*105%
t
—
71
—
*78%
*62 "
unguaranteed-:
108%
119%
106%
Stamped
Plain
»
:
ACertificates
1961
——1961
,—1961
Kings County El L ft P 6s—
1997
Koppers Co 1st mtge 3s
1964
t AjCreuger ft Toll Si ctfs—
.1959
"
i
107%
*106%
X79%~
Kansas City Southern Ry
jt
106 Va 107
107%
106 Va
91
98
1st gold 4s...——.1950
Louisville 1st gtd 4s
1956
Kanawha
193?
2040.
99%
99%
103%
102%
59
Light 1st M 3%s—.196ft
page
106
108%
103%
106% 106%
11%
see
101%
103% 103%
I—'—1963'
1956
{AInternat Hydro EF deb 6s—'
1944
Intcrnat Paper 5s series A ft B
1947
Ref sink fund 6s series A———1955
Int Rys Cent Amer 1st 5s B
1972
Int Telep ft Teleg deb gold 4%s
1952
Debentures 5s
1955
50%
103 %
4s ser D
A Adjustment
71%
44 %
101% 102
18%
104%
106%
A 1st
*64
44 %
84
13
102 %
104% 105
—1963
1963
ref 5s series A
mtge
&
Kansas
impt 58 series B
footnotes
17
*103%
ref 4%s series C
A 1st
118%
For
17
103% 103 %
{International Great Northern RR—
A 1st 6s series A
,1952
61 %
54
1973
..—1978
Detroit Edison 4s series F
...—1965
Gen ft ret mtge 3%s series G—-I960
Gen ft ref 3s series H
1970
Detroit ft Mackinac 1st lien gold 4s 1995
A Second gold 4s—."
.—1995
Detroit Term ft Tunnel 4%a.—,19ol
Dul Miss ft Iron Range Ry 3%s
1962
Puqueane
74
,
1936
,—1938
Western RR—
...—1955
tSADul Sou Shore ft Atl gold 5s
106
80%
1973
1993
A Assented
ft
107 %
80
Indianapolis Union Ry 3%s ser B.1986
Inland Steel 1st mtge 3s series F—1961
103%
44%
102 Va
109
111%
107
107%
Ind 111 ft Iowa
100% 102%
102%
53 '/2
102
104%
74
81
v'/
1st
1st
1st
&
{Denver ft Rio Grande
AGeneral 8 f 5s
A Ref
58%
46
—
1952
1st ft
{AInd
—1970
3Vis series B—13C5
2%s debs
65
103% 103%
■;
106% 106%
.1953
4s
Joint
74%
102
Dayton P & L 1st mtge 3s
Deere
57
*64
A
112%
103% 107
and Chic St L ft N O—
111 Cent
64%
—
109%
105% 106 %
Registered
107%
65
DIV
Gold
105'/a
104%
•
:
;
Springfield Div 1st. gold 3 Vis
Western Lines 1st.gold 4s
103%
102
64
extended to—-1946
Deposit receipts—_———
Curtis Publishing Co 3s deb—.—1958
102
102% 103
105% 105%
x-
4
3%s
lines
Bt. Lmi£ Div ft Term
112%
105% 105%
t debs
—1955
1st 5Vis
1942
receipts
,
ACuba RR 1st 5s gold
1952
A Deposit
receipts
—
A6s
Omaha
107
—
130%
mis in as
Louisville Div ft Term gold 3%s_l953
*111
103
gold 4s
1951
1951
1951
1951
1952
.1955
Refunding 5s——x...—
1955
40-year 4%s
1960
CalTO Bridge gold.4s.——. 1950
Lltuhflejd Div 1st gold 3s
1951
130
4—
,
gold 3s sterling
Purchased
114
116
—.
gold.3%s
Collateral trust gold
86%
111
129% 130
1st
Refunding 4s
102% 108%
68
....
gold 3%s
Collateral trust
108%
Deposit
series A
108%
107%
lACuba Northern Ry
A7Vis
104%
109%
,129%
137%
Central RR—
1st
106%
Crucible 8teel 3Vis 8
A
109%
103 %
1954
deb 4s
non-conv
ADebenture
105 3/a
—
128%
121%
,1981
Bell Telep 2%s series A
Extended
,*107%.
,,*108
108%
.*114%
—
123
133% 133%
Feb 1957
income 58—
Illinois
115
73%
102 %
118%
120% 121
-debs——-1959^
Illinois
103% 103 7/a
103 7/a
1948
1950
1958
debentures
3%8
3%s
{AConsol
72%
73
101%
91%
106
109%
108%
—
126% 127%
,
L
1952
General 5s series C
..—1913,
General 4%s series-D—.—'——1976
1st
115
%
—
—
108% 109%
107% 108
109%
3s
mtge
3Vis
115
102
114%
102%
101% 101%
4 Hocking Valley Rj 1st 4%s
—1999
tSAHousatonic Ry cons gold 5s„.1937
Household Finance Corp 2%s
1970
k
Hudson Coal 1st s f 5s series A1.-1962
f Hudson Co Gas 1st gold 5s
1949
Hudson ft Manhattan 1st 5s A
1957
106% 109%
*107%
91%
100%
*109
*
53
115
96%
83
gold 4S—1948
3Vis
1970
Columbus
1st
104%
80
101%
—
54%
39%
89%
1947
gtd 5s-
1st gold 4s—-i—
Elec deb 5s
columous
Conv
109
105% 108%
series
& Southern Ry.—
Conn Ry
I
111% 112%
...
75%
105%
40
,102%
104%
/'
65%
103%
72%
106
76
6
75%
104% 104%
106
90 %
105%
4
80
77%
105%
.1949
;
series B——1975
series A.
2015
1st ft ref 3%s series D..—
1969
Gulf ft Ship Island RR—
1st ft ref Term M 5s stpd—1952
Gulf States Utll 3%s series D
1989
106%
105% 105%
57
103
1949
cons 5s
Steel Castings 5%s
A Ad J
modified)
.1958
Gen mtge inc 5s
111
2
104% 104%
gtd,-
3%s
(stamped
4Vis
105
102
8
84%
50%
55%
75%
*50
Gulf Mobile ft Ohio 4s
|
Louis Ry—
—1948
Series D 3%s gtd
..,-1950
Clev# 8hort Line 1st gtd 4%S—_1981
Oleve Union Term gtd 5%s
1972
1st s f 5s series B gtd
1973
1st s I 4%s series C
1977
Colorado
|
92.
13
104
128%
102
105% 105%
—1974
Great Northern Ry Co—
General 5%s series B
Pittsburgh RR—
ft
C
Series
132
99%
102
72%
General Realty ft Utilities Corp—
A4s conv inc debs_
—-1969
Greyhound Corp 3s
108
104%
84%
1969
—1974
105%
102%
—
~
97%
104%
5
1993
1993
E—.—1977
Cln Wab ft M Div 1st 4s
1991
St L Div 1st coll tr gold 4s
.-1990
Cleveland Elec Ilium 3s
1970
Cleveland
100%
83
—
General 5s series B
Ref ft impt 4%s
100'
105% 105%
104
2%s ser G——
1959
General 4%s series E—
..—1977
Gen mtge 3%s ser K
1960
Gen mtge 3%s scr L
.—1970,
i
Gen mtge 3%s ser M
.—1980
AGreen Bay ft West deb ctfs-A
L
1. :'' A Debentures ctfs B
99%
108% 108%
1966
—.-,1967
104
117%
*101
{AGeorgia ft Ala Ry 5s
Oct 11945
Certificates of deposit
—
{f AGa Caro ft Nor let ext 6s——.1934
Certificates, of deposit—
Goodrich (BE) Corlst mtge. 2%s_1965
J.
106%
94%
106
*104
3 Vis
108%
*102%
«—
|
I
f
1957
1952
101%
106%
*105
T.
28
83%
6
31
97
*92%
1963
—-—,1963
102%
96%
—
v.
105% 105%
1961
5s—1943
Gen
f
I
79%
•
.102
f 95
.
1
97%
106
Union Terminal— ^
1st mtge gtd 3%s series E
Cleve Cln Chic ft St
General gold 4s_.
52%
96%
Cincinnati
1st mtge
154
340,
4s—,—1952
1962
mtge 3Vis—
1st
66%
—,—1943
Cincinnati Gas ft Elec
/
Grays Point Term 1st
,,
47 %
*101 % 102%
Chicago
102%
105%
98
99
98%
*105
coil trust 6s
Gas ft Eleo of Berg Co
|
1
108%
105
74%
78%
"
60%
98% 100
4s———.1931
Gulf cons 5s
1
92
80%
1
,v
94
68 %
452
100
106
99%
99%
Southeastern 1st 5s—1960
Income guaranteed 5s
Dec 11980
ACertificates of deposit
tAChoctaw Ok ft
Francisco Sugar
101 | 103%
89
19%
Chic T H ft
tJAChllds Co deb is
I ADebenture 5s
10/
109
90%
89
77%
335
91
102%
65
1951
Union Station—
1st mtge 3Vis series F
1st mtge 27/bS ser G
Chic ft West Indiana com
1st. & ref 4%s series D
84%
548
88%
57%
3%s
88
102
99
99% 100
deposit——-
of
ACertificates
67%
17 V«
33%
104% 104%
100
106%:
163
87%
gold 4s
,1934
series A———-1952
AConv gold 4%8-_—
—I960
Chicago St L ft Sew Orleans 51—1951
117
117%
.
99^
6
*84
IA Secured 4%s
1U3>.
106%
94% 119 %'■
4
1938
Memphis Div 1st gold
94%
.
284
89%
I ARefunding
Gold
95
111
2,130
102
—'
deposit
of
3s deb
{Florida East Coast 1st 4%s
A 1st ft ref 5s series A_
JU
117%
S8
123
29%
86
91
income
——
At
,
i114%
*
41
83%
104
88
115%
•loll
38
-
104% 104%
i
-—2044
ACertificates
•
13
81%
27%
28 %
.
181
104% 104%
82%
106%
7
97%
2 A Florida Cent & Peninsular
Certificates of deposit--
103% 104%
1Q4%
5
101% 102
mtge inc
Firestone -Tire ft Rub
104%
103%
104%
104%
102%
101%
102%
102%
104%
107
61
.
J
High
103%
115% 155'/2
102
4%s series A—
3%s ser E
1st cons mtge 3%s ser F
1st cons mtge 3%s ser G—-Ohio Div 1st mtge 3%»——.
85
19%
*19% 20%.
*106
107%,
103%
4%g——1999
1989
{{AChicago Railways 1st 5s stpd
25% part paid
1927
tChicago Rock Island & Pacific Ry—
A General
83
,
-1
102
105
>
95%
mtge 38 ser B—
1st
100
65%
,
A-O
1st cons mtge
;
January 1
117
MS
A-O
J-J
Range Since
Low
No.
*102%103 %
*105
106%
115 1 117
—
Railroad Co-
Gen
•
*19'
104
ft Pac RR—
series A
---—-1975
AConv adjustment 5s
Jan 12000
1st mtge 4s ser A wi
-1994
Gen mtge 4%s inc ser A wi
2019
Gen mtge 4Vis conv inc
conv
..
—
Mtge gold 5s
mtge
7
Brie
99%
141%
90%
17
91
|
76%
60
98
132
-
*
t
—'85
{Chic Milw 8t Paul
2nd
06%
c
,
102% 106%
4
73%
115%
112%
—
95%
95%
*
Chicago & North Western
98
96
72%
98
6s ser A
wi—
147
-
_
B
68%
66%
98
*140
—'
—1947
B—1947
--1947
A 1st it gen 5s series A—
1966
A 1st k gen 6s series B
-May 1986
Chicago Inrt ft Sou 50-year 4*1958
{Chicago Milwaukee ft St Paul—
A Gen 4s series A
May 11989
'i A Gen gold 3%s series B„May 11989
A Gen 4%s series C
May 11989
-•AGen 4%s series E
May 11989
AGen 4%» series F
May 11989
series
20
68%
ARefunding gold 5s series
•ARefunding 4s series C—
A
104% 104%
98
1985
Chicago Bt Erie 1st gold 5s__
1982
Chicago Gt West 1st 4s series A—1988
A Gen inc mtge 4 Vat-——
2038
{Chicago Ind ft Louisville Ry-—
1st mtge 3%s ser B—
A Refunding
136
—•,<;
(conv) ———1997
inc
mtge
:
;
115%
^11
26
W 112% 112%
113% 115%
—
115%
Low
J-
3-D
2%s debs
Elgin Joliet ft East Ry 3%$-:—
El Paso & 8 W 1st is5s stamped
Empire Gas ft Fuel 3%s
Bonds
Sold
or Friday's
Bid ft Asked
Last
High
•
1958
1977
1974
—
series B
11st & ref 4Vis
♦
Sale Price
Period
Elec Auto-Lite
Chicago Burlington
Week's Range
Friday
:
BONDS
Week's Range
Last,
or Friday's
Bale Price
Bid ft Asked
Friday
102
173%
186 Va
102%
105%
,
4%
8
Volume 162
THE COMMERCIAL &
Number 4433
FINANCIAL CHRONICLE
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING OCTOBER 26
,
Friday
BONDS
Week's Range
York
Stock
Interest
Exchange
Last
Period
New
Sale Price
;
Lehigh Coal & Nav s f 4%s A
iienigh & New Eng RR 4s A
Lehign Valley Coal Co—
;
1st & ref sink fund 5s
5s
;
1954
5s
1st
104%
<105
104% 104%
'
High
104%
106%
89%
Val
Lehigh
Lehigh
Harbor Term
Valley
N
gtd 5s
4%s
Y
90 %
Valley1 RR—
stamped modified
4s registered
4%s stamped modified—
Vr
4%s registered
47%
.—2003
;*.-84;>/-'85^
& Eastern 1st 60-yr 5s gtd——1965
Liggett & Myers Tobacco 5s
1951
Little Miami gen 4s series A_—^-1962
Long Island unified 43—.—.—1949
Lorillard
gold 4s
;
(P) Co deb 5s___
1963
Louisiana & Ark
1st
series A
5s
106%
107
108
107%
*119
—
>:
.
120
1969
Louisville
104%
104
103
106% 106%
106%
'f
1st
St
ref
M
3%s series F
1st
&
ref
M
2%s
2003
G—•_
ser
109%
2003
:
97%
Paducah & Mem Div 4s
St Louis Div 2d
..1980
Atl
gold 3s
Knox & Cine Div 4s
-106^/111
109% 109'%
97%
..1946
'
-4
1950
95%
98
*100% 101
102 Mi
114%
*117
117
?
'
4%s
RR
coll 4s
ser
A—1960
12
3
80 M4
1955
~2
2
102%
West
Side
El
(Chic) 4s—1938
-/v
Jack
Lans
1st
gold
Ref
&
&
Sag 3%s
3%s
nooy8
..1951
1952
1
—
*107 Mi
1979
Michigan Cons Gas 1st mtge 3Mas. 1969
*110
AMidland of
1st ext 5s
J
N
1940
Paul
St
1939
106
A 1st
Sault
&
Ste
4M2S inc ser A
AGen mtge 4s inc ser A
25
45%
201
59%
81%
107%
108%
108
—.1954
■
82 M»
imjt 4%s
;
106
26
7l7/a
*—
105V« 107%
52%
23
30 Mi
X
*105 Ma 107%
v: 32%
33 Ml
106% 106 %
106
106%
80
26
447/a
486% 100
89
108
105%
:
74%
17%
101%
74%.
8
106
105 Ma
/ *r-
30 %
4%
100%
i
10
85 Ma
83
17%
63
•■■"'U
'7.
\
93%
.
;
35
98%
110
25%
52
2
;
106
...
27
48
11%
,
44
;106% 109%
108%
106
;
1998
4%s series A
20J4
:
99
10Q
59%
—
series A
2047
&
J
136
138 Ms
128
108% 119%
106%
*112y8 115
79% V
47
75
133Vi 136%
124
—
A >115% 116%
1997
Jan 2047
...2047
59%
135 Ma 135 Ma
138
138
*127%
115%
89% 102%
100
58
'
.
....1974
registered——i
ry & Id gold 3s
registered
—:
3s
10%
100% 101
1937
79Ma
81%
78
115
89%
72%
77
71
•
89%
102 Ma
-
100% 102 Ma
87
109
107
:
106 Ma 107 Ma
93%
110%
107 Ma
106 Ms 107%
93% 110%
States Power Co—
(Minn) 1st & ref mtge 3%*
1967
1st mtge 2%s
——J 974
(Wise) 1st mtge 3%s
1964
|
104 M» 104 M4
—
102 Mi
104% 107
102
104 Ma
107 Ma
102 Mi
110
!
111 Ma
I
91%
I
116%
75
—
*107%
—
|
105
1073/4
11
Co—
158
22
10
—1937
12
108%
20%
—..1955
Pacific Ry prior lien 48—1997
Northern
I
JOgdensburg & Lake Champlaln Ry—
A 1st
guaranteed 4s^
—:—1948
Ohio Edison 1st mtge 3s___
—1974
; v 1st mtge. 23/4S
1
—1975
v:
-
26
20%
27
104 Ma 104%
30%
103% 106 Ma
106
23
97Ma
120
99
101
iooy8
99%
100%
10181 10131
10181
103 Mi
102 3/a
105 Mi
102 y2 102 Ma
102 Va
105%
Oregon-Washington RR 3s ser A—1960
104%
105 Mi 105%
104%
106%
1st gold 5s—.—.1946
Electric Co—
>
*1013/4 103%
101
102%
Oklahoma
100
•
*102% 103
L1946
Guaranteed stpd cons 5s
-
.1990
100%
*99
Gas & Electric 2%s.—1975
Oregon RR St Nav con gold 4s
1946
Ore Short Line 1st cons gold 58—-1946
.__1971
1991
1st 4s
93%
139
impt. 5s series C_——_2047
Ref & impt 5s series D
—..2047
<
«
Marie—
mge
Mo Kansas & Texas
'
>^28%
98%
—
83
I-
102 ; .102
105% 107%
-V-;
*107
A§Consol ext 4Mas
Minn
83%
4%s series of 1927—.1967.
ref 4%s series A
&
Ref &
V
106Ma
•
13
110%
83
1st ext 4%s—1939
AMilw & Northern
102
-1957
4s
mtge
Ref
102 Ms f
16%
—
105
104
impt 4%8 series C_
■■
19
-
|
105 Ma
99 Ms
I
tSAMet
74%
63
1940
—
Gen lien
I
90 M4
103 Mi
Metropolitan Edison 1st mtge 2%s_1974
Metrop Wat Sew & Drain 5%s
1950
Micnigan Central—
77
54%
Norfolk & Western Ry 1st gold 4S.1996
North Central gen & ref 5s
1974
f
65y8
82%
-1013A
100
B
—1954
Manati Sugar 4s sink fund__Feb 11957
AManila RR (Southern Lines) 4s
1959
ser
McCrory Stores deb 3 Mi
56%
72
317
.
AGen mtge 5s conv Inc.
4s
Central
mtge &
111
1958
4s„
Northern
1st
74%
1948
;_1956
3%s
1940
1943
N Y Telephone 3%s series B———1967
IS AN Y West St Bost 1st 4 Mas
1946
Gen
Maine
.76%
75
lAGeneral gold 5s__
ATerminal 1st gold 5s_
7'
'!
54%
77
Light 1st mtge 2%s.l975
gtd 4s
—1993
Y Queens El Lt & Pow 3%S——1969
Y steam Corp 1st 3%a———1963
1st
1Q2%
100
»102 % 104
58 Ma
100
56%
4s
Norfolk Southern Ry
98
100%
>
91% 107
97
Niagara Falls Power 3%'s_
1966
Niag Lock &'Ont Pow 1st 5s A—1959
107
84
55
MAN Y Susq & W 1st ref 5s....
{A2d gold 4%8—_
'§
105%
105%
Nashville RR—
&
N
105%
-.
Louisville7 Gas & EJec 3%8——1966
N
f
120
103%
17
41
3
N Y & Putnam'1st cons
f
118%
104 y4 104 Ma
88Ma
94
13
N Y Power &
>.1
106%
87 Mi
42
6s
deb
High
116
115%
93
i
106%
107
—
—1959
-.
certificates
1st
I
106% 107:,
•:
87
Af-N
114y8
—.1954
4s—
AGeneral
f.
:
106% 106%
__
1951
...
121
—
AT-N
tAN Y Ont & West ref gold 4s—1992
132%
118%
J -J
1973
.1973
•
116%
114%
110%
"116
—
tAHariem River & Port Chester—
J
;109% 116 C
1949
1949
;
debentures
3s
*
ref
127 V«
120
deb
A 1st & ref
:93%^ I
133%
.
120
3%s
ADebenture 4s
1:53%^76%^|;
78%
deb
Low
108%
"109
—2043
(ACollateral trustees
■
66%
—
,
ANon-conv' deb
71%
47
Low
*108
J-J
A
series
AConv
»
.
M-N
Range Since
January 1
Sold
No.
2000
—2043
"
4s
ADebenture
/?,"i
69%
West
&
ANon-conv
I-
•
Lack
A Non-con v
;-45%.:i'64%r^:i
2003
Lex
stamped—
'
;'i
Lehigh Valley Terminal Ry ext 5s_195i
Guaranteed
96%
45%
2003
2003
5s stamped modified————2003
4s
80%
'
4s
:i
-.V->v
91
i
73%
'
1950
Bonds
Bid & Asked
tN Y New Haven & Hartford RR-r*
ANon-conv deb 4s
.—1947
ANon-conv "deb 3%4———1947
95
1954
ext
gold 3%s
4%s series B_
f
;95%
88 Vi
.87.%
N Y
|
1
i
r
1974
5s
:
Leh
93
1974
fund
Harlem
&
Mtge 4s series A
Mtge 4 s series B
100%
i
92.'"-,
..1964
ref sink
stamped
>
.
100%" 100%
1964
N Y
106
98
Last
Bale Price
High
104
3
;
1954
stamped
&
.5s
105
'v'J-k
Low
.1954
stamped.
1st & ref sink fund 5s
.
A-O
Low
New York Stock Exchange
\
January 1
No.
' 2
Interest
Period
Range Since
Sold
High
'Vx-1' V/;"
J-J
1965
Bonds
Week's Range
or Friday's
Friday
BONDS
Friday's
or
Bid & Asked
Missouri-Kansas-Texas RR—
Prior lien
A
5s series
..1962
.—1962
4u-year 4s series B
lien
Prior
ACum
4%s
series
D
L1978
Pacific Coast Co
5s series A—Jan 1967
adjust
Pacific
^Missouri Pacific RR Co—
A 1st
ref
&
AGeneral
A 1st
&
A 1st
&
5s
series
—1975
ref 5s series F
ref
AConv
72 Ma
1965
A
4s
5s
73'
1977
f
95
33;
69% f
-
t
; 95 Ma
V
1978
,72%'. 95Vi ¥
..1949
1980
,14%^43%|
G
series
<
gold 5%s—
A 1st
&
ref gold 5s series H
A 1st
it
ref 5s
72 Ma.
72%
1981.
series I
95 Ms '
95 Ms I
79%
913/s
Moh'k & Malone 1st gtd gold 4s
1991
Monongahela Ry 3Mis series B
1966
105% 107
1st & ref 3.%s
1966
1043/4
Power
Montana
Montreal
5s
Tramways
Morris
Essex
&
Constr M 5s
Constr
1st
1955
Mountain States
77
66
1955
series B
,
•
%
103
62 y8
2000.
gtd 3MaS
101 Ma
101 Ma
1958
series A
4 Mas
M
96
1951
ext
Morrell (John) & Co 3s debs
I:
106%
;
63
863A j
,793/4
<
1968
105 Ma
1093% %.
1047
T & T 3%ft
Mutual Fuel-Gas 1st gtd 5a
107
110
V
&
Gas
1966
1st 8t ref mtge 3s series J———1970
1st & ret M 3s series K—
1971
1st & ref M 3s series L
1974
1st & ref M 3s series M
1979
Pacific Tei St Tel 3 Mis series B
1966
v
Ref mtge 3Vis series C-—.....1966
Paducah St HI 1st s f gold 4%s—.1955
panhandle East F L 3s B— *.'*~U».-196tt
mtge 3%s series I
1st A ref
Peterson & Passaic
G A E cons 58.1949
Pennsylvania Get—1
Gtd 4s series E trust ctfs
1952
Pennsylvania Qlass Sand 3%s——I960
Pennsylvania Ohio & Detroit RRr,„,
1st & ref 4%s series B
1981
1st A retf,33/4a ser D-»—1968
Penria Powef A Light 4%s debs—<-1974'
Pennsylvania RR—
^
/ r
gold 4s—
stpd dollar
sinking-fund 4M2s
General 4Mas series A
General 5s series B
General 4Vis series D—
Gen mtge 4M»s series E
Conv deb 3'As
Gen mtge 3 Mas ser F
Peoples Gas L St C ref 5s
Peoria & Eastern 4s ext
Censol
*
4s sterl
.------1948
.May 11948
Cons
Nash
Nat
Chatt A St L 4s series A.
Prod 3%s
Dairy
Naiional
Steel
debs..
mtge 3s
1st
England
AConsol
_.
,
*102 Ma 103 Ma
96%
1043A i
1960
f ANa'igatuck RR 1st gold 4s__
Newark Consol Gas cons 5s
J A New
1078
105%
105% 106 Me
105%
108 Mi
1965
1954
106 Ma
105% 106%
104
1063A
.1948
.
gtd 5s
—
—
*107
*100%
^
110 Ma
112 Ma
1945
99 Ma 100 Ma
96
104 Ma
1945
RR
gtd 4s
97%
95
102 M«
97%
1st
Tel & Tel 5s A
1952
gtd 4Mas series B
J Junction
N
RR gtd
113
113
113%
125
1961
1986
1st 4s
125
*100'/a
112%
New
Jersey P & L 1st mtge 38—1974
Orleans Great Nor 53 a
1983
*105Mi
1952
1953
*107 Ma 108
1st ref & imp
O & N E
N
New
4%s
Orleans Term 1st gtd 4s
fNew Orleans Te? as St Mexico Ry—'
inc
5s
Certificates
of
SANon-cum
A
A 1st
A
5s
series
A 1st
5s
series
A
4M2S
A 1st
Y
N
5%s
1956
37
..1954
deposit..
4s
series
A——1998
impt 4%s series A
imDt 5s series C
2013
Y
Cent &
Hud River 3%s
3 %s
Ref
93
r
V
230
96%
101
x
2
PhilltaB
94%
Seriis
F
4s
94 M2
Series G
4s
85%
99 Ma
lOTMa
90
85
2
81.
87
M4
87 Va
1
81%
*80 Ma
83 Ma
80 M4
Chicago & St Louis—
3%s series D
.1975
3%s ser E__—_——j.1980
'.
64
91M4
87
97
'
Y Connecting RR 3%s A
1965
N
Y
1.951
1968
41
Id3/* 102 Mi
14
.
Purchase money gold 4s
For footnotes
see
page
2040.
J
cons
1953
1957
1960
—1963
guaranteed 4%s__ 1964
IO6M4 IO6M4
104%
/104
104%
8
Gen mtge
106%
f
100%
102%
1
1st
Vk
Pitts
2
"Vi'.
106% 109
100%
y
105 Ma i
103 M4 103%
25
1966
106% 106 Ma
1
105%, 109
.1948
113% 113M8
1
ill
111 Ma 111%
3
.108
103%
103%
series A
series B
3%s ser E—
Gen mtge 5s
*
104%
-
1949
1st lien St ref 3 Mi s series E
Series
Pittsb Coke
1063/a 106 Ma
102M4
<
N
N Y Edison 3%s series D
guaranteed gold
guaranteed.—.
cons guaranteed 4s
Oeh mtge 5s
94
'
N Y Gas El Lt H St Pow gold 5s
19o4
91
—1998
gold 4s
"
—19w
--I9®j*
1937
Series I cons 4%s
,
95
mtge
1st
Series H
97% 105
81 >
Ref mtge
Dock
1»61
1971
1967
PIttsWrgh Cine Chi & St Louis—
Series D 43 guaranteed
—1945
Series E 3%s gtd gold.—--——1949
'^99
99%
-
7
106%
105 Mi 105%
105 Ma 105 7/a
104% '107%
107 Mi
105
104% 108
105
1063,4
*105% 106 3/i
105%
109
*1071!
107%
HOMa
107
107
1033/e 105%
*111 Ma
*111%
1093A 111 Ma
*106
105 Ma
106 V4
108 %
1083A
105% 107 Ma
105 Ma
107 Ma 107
Ma
107 Ma
*—
107%
107 Ma
108 y8
1073/a
1083/4
124 Ma 125
124%
121 Ma 123
118ya
124y*
Mi
1265/a
134
123%
118 Ma
126%
123 M4 124
118 B/a
126 Ma
104 Ma 105 Mi
1033/4 106 Mi
104 Mi 104%
1023A 106 Ma
131 Ma 132
123
128%
109 Mi
107 Ma
*106 Ma
86%
87 V4
78 Ma
91%
67 M4
70 Ma
49 Ms
'74
107%
106
•106
96%
100% 101
a?
101 Mi
106 Ma
131 Ma
138
*130 Mi 132
128 Ma
131%
105% 106 Ma
*103
103%
105 Ma
108 Mi
102 Ma
104%
102 s/a 103 M4
1013/a
103 MI 103 Mi
101 Ma
104 Mi
104 M»
*133 Ms
—
106
104%
107 Mi
106
*107
106
22
*14
15%
15%
23
28
103 Mi 103 Va
101M4
1063A
.107 Ma
30
1
28
103%
833/4
1998
-.1998
registered
1st s t 4s
deposit.
Petroleum 2'As debs
15 A Philippine Jty
A Certificates of
80.
149
101 \
3s
debentures
.78 Ma
-
243
98 v
102 Ma 104
.
95
1998
registered
New York
83
!2St
1997
Mich Cent coll gold 3%s
3%s
91%
91
1997
3%s registered
Lake Shore coll gold 3%s
■
-
90
89%
2013
&
•
Phelps Dodge conv 3%s deb
1952
Phila Bait &> Wash 1st gold 4s—
General 5s series B___—
1974
General gold 4%s series C——1977
3s
97%
105 Ma 105 Ma
106
;
105 %■: 108%
103
Philip Morris Ltd deb
83% 101 Ms
•„
,
&
N
81
3
....
Ref
;>:V
80
—1947
---I960
—------~-APr
Peoria & Pekin Union Ry 5%s
1974
pere Marquette Ry 3%s ser D——1980
96
833A
A
of
77
(98%
.80
deposit
Ref
;
12
—
D
Central RR 4s
77
81
1984
1952
1985 ;
—
Philadelphia Co coll tr 4MiSPhila Electric 1st & ref 23/4S
1st & ref M 2%s
1st and ref 2%s
86
80
.
12;
deposit
of
series
70
—
1956
series
ACertiUcates
y
14
1954
C
Certificates
109
U
.
deposit
of
106 Ma
108
104 7/a
109
deposit
of
A Certificates
104
1935
B_.
Certificates
A 1st
A
series
i
101
104 Ma
—
109
-
f
107% 108%;
100
*106 Ma 107 Mi
New
115M4
.123% 126;
„
1965
—*9®8
1981
■
Alncome
New England
——
105 % 105 %
107%
i
i
1st
Pitts
1st
113%
1st
111 Ma'.
*st
1970
1975
—1975
1st mtge 3%s_1964
-1950
mtge 4%* series B——
-1950
& W Y% 1st 4%s series A
1958
mtge 4lis series B
1959
mtge 4%s series C
——I960
Young A Ash 1st 4s ser A—-1948
gen 5s series B———1962
gen 5s series C
1974
4%s series D———
^.1977
Pitts Steel
1st
ii Chem
—
1st mtge 4%s
*101
101%
*113
113 Ma
126 Ma 126
Ma
126 Ma
130% 130 Ma
113%
116 M4
114
'V-.
*125
107
113 M4
w-
*115%
*114
102
106 Ma
•:
*106
114
123
126%
124 Ma
127
128% 434
1313/4 1313A
129
106 Ma 106 Ma
104% .109
103 Ma 103 5/a
101% 104%
105 Ma 105 Ma
104
;lp6M4
103% 106%
1047/a 105
136
963/4
98
84%
99%
97%
98
84%
96 Ma
97 Mi
84%
99%
99%
*105
*125
—
Ma
*127
*117
—
—
Mi
~
105
,106
125% 125%
BOND RECORD
NEW YORK
FOR WEEK ENDING
RANGE
Monday, October 29, 194S
CHRONICLE
& FINANCIAL
THE COMMERCIAL
OCTOBER 26
V
.
BONDS
Week's Range
or Friday's
Friday
BONDS
Sale Price
3-3
1st
Pwr
mortgage 3 %s_
1st
C
Af-N
t A Providence Securities 4s—
t A Providence Terminal 4s—
—
3-J
—
Af-N
ref mtge 3s
105
94%
—
107%
108%
°107
Oil 3%s aebs
Superior
Swift k Co 2%s
K
debs
H
J-D yy^:
•
104
r
M-N
'
Low
January 1
107
—
106%
107%
105%
105
106%
104%
106
108%
155
160
224%
245
i
Sc Transmission—
Gas
Tennessee
1st mtge pipe
line 3s.
1965
tit Louis—
f gold 4s
1953
Terminal Kit assn ol
refund
Gen
100%
102%
s
110%
110% 110%
107% 107%
110%
107%
3%s series B..1974
Ref Sc imp M 4s ser C
2019
Texarkana Ac Ft Smitn 5%s A
1950
Texas Company 3s deb———1959
Ref k impt mtge
112
106%
108-
125
*129
..
129
109%
>
Rochester
3%s_.1974
,
1960
Jan 1960
Tol k Ohio Cent ref k lmpt 3%s..l960
Toronto Ham & Buff 1st gold 4s
1946
Trenton Oas & Elec 1st gold 5s
1949
Tri-Continental Corp 3% debs
1960
X.V'^y-"'rr-
104%108
4
103
74%
15
76%
110
79%
mtge
109%
108 %
51
61%
23
75%
27
'
23%
84%
48%
45%
*102% 105%
102%
*101%
101% 103
17%
24%
30
Union
Union
103% 104
St
Grand Island
Jos k
104%
106%
102% 102%
102 %
103%
1947
1st 4s
81
5s_.——1996
1990
Bt Lawr k Adir 1st gold
2d gold
106% 103%
6s
96%
;
79%
98;
\
104% 105
104%
106^4
104 % 105
104
107
105
103%
107
106
106
104%
107%
i
104
98%
102% 102%
3%s debs.
Universal Pictures
>
105
35-year 3%s deb
United Biscuit 3%s debs
1
3
..
105
34-year 3%s deb
1966
101%
104%
grant 4s
land
35
105
102
103
101% 102
KK—
Pacinc
k
1st
20%
33%
33%
33%
113%
110
110% 110%
110%
3%s.
5s.
Oil of Calif 3s debs—
2%s debentures
Baguenay Pwr Ltd 1st M 4%s
60%
105
105% 106%
MAUnlon Elev Ry (Chic)
•
1949
1941
87%
47
^
Union Electric Co of Mo
10
59
103%
94%
85%
48
109%
*108% 110%
22%
102%
—
108%
150
110
108%
108%
105%
137
>103%
—
:
AAd) income 5s
10T%
103%
130
.106%
86%
1st ref 4s
Third Ave Ry
105%
98%
02
107% 107%
Pacific 1st gold 5s
k
106
137
Texas Pacific-Missouri—
Pac Tenn RR of New Orl
107%
106%
9
103% 103%
1977
1967
1967
1969
1934
4%s series D
Gen mtge 3%s series H
Gen mtge 3%s series I
Gen mtge 3%s series J
MAR 1 Ark k Louis 1st 4%S
t A Rut-Canadian 4s stpd
MA Rutland RR 4%s stamped
Gen
Texas
Elec Corp—
k
Gas
;
X<
107% 107%
(4.7%
mtge
1
106% 106%
for 1945) due.1975
Revere Copper k Brass 3%s
1960
tfARio Grande West 1st gold 48—1939
A 1st cons & C0U trust 4s A
1949
Gen
0 102% 107%
M
6106
103%
106
105
108% 108%
103% 103%
108%
maa
xuOO
3s
Reading Co Jersey Cent coll 4s
1951
Remington Rand deb 3%s
—1956
Rensselaer Sc Saratoga RR Co—
y
105%
103
106
106
104% 104%
—
-
57:':!/t 66% ^
103%
107
\
High
Low
M
61%
*104% 105
104
104%
'v
M-N
Range Since
Sold
No.
61
-
—
J-D
1959
1956
1961
debs
Oil Corp 3%
Sunray
43%
110%
F-A
.1966
1961
Stand
103%
109 %
ref mtge
St
113
103%
5s
1st k ref mtge 8s
1st
108%
.7
Bonds
Friday's
or
Bid k Asked
High
Apr
2013
ASpokane Internet 1st gold 4%s
Oil ol Calil 2%a debs
Standard Oil N J deb 3s
101%
113
25
Last
Sale Price
qt'i'
High
104 %
105
°113
—
*30'/2 33
*98% :
*-_
110%
fV
—
MS
3%s.
Public 8ervlce El k Oas
1st Sc
—
Low
No.
Friday Week's Range
: ••
Period
January 1
Sold
100'/a 100%
—
F-A
v
Interest
Stock Ixekuit
New York
Range Since
Bonds
Bid & Asked
High
Low
1 00%
3-3
inc deb
M 3 Vis.
_»Pittston Co 5%
El
Last
Period
Potomac
Interest
Slock Exchange
York
New
|8t Louis Iron Mountain Sc Southern—
*
«
1933
River (fc Gulf Division
| A 1st
,SV.
-
tet
Louis
lien
4s
lien
of
A Cons
M
deposit
68
|
86%
71%
of
;
51
1950
<
deposit
4%s series A
f. 1st; cons 5s
50%
36%
87%
97%
72
95%
|
gold 5s series A—..1990
Bt Paul k Duluth 1st cons gold 48.1960
MASt P k K C Bh L.gtd 4%8—1941
Bt Paul Union Depot 3%s B
1971
72
/ 100%
)
A Gen
•
ref
k
1st
Bcioto V k N E
40%
ACertificates
IA 48
of
104% 105%
i
133y
I
87%
114%
jARefundlng 4s
A
86
112% 112%
Alst
6s
cons
50'/a
39 %
53%
39%
53
54%
series
A
i
ACtfs
'I
of
MAAtl & Blrm
1st gtd 4s
ACertificates
t A Seaboard
Seagram
Shell
♦
of
69
53%
74%
69%
52%
74
68
70
53%
74%
;
Pla
All
6s
(Joseph E)
Union
Oil
ctfs
A
2%s
Oil
debs
debs
100%
22%
105% 105%'
104%
22'/e
& Sons 3%s_19G5
2%s
101
-
23%
1935
49
105%
I
i
102 Va 102 Vo
101%
103
1961
103ya.l03y8
101%
103% \f-
1941
72%
1965
...
80
66
74 \
i
101% 102 ;•
•101% 101%
Socony-Vacuum Oil 3s debs
1964
105%
107%
Bomb
1963
126
130
k Nor Ala
Southern
3s
RR atd 5s
Bell Tel &
Tel Co— 1
debentures
1979
2%s debentures
Bouuiern
1st
101% 101%
104
104%
92%
1968
Tprttl
1950
106'A
106
1961
99%
104%
4s
RR
series
Ky
k
gen
Mem
Div
Louis
105 %
103%
123
132%
103% 104'/a
129
105%
105% 105%
1950
116%
116% 118'A
;
1956
gold 5s_.
1st
...
gold 4s
131 y8
95%
119% 120
107% 107%
i
118'%
114%
119%
107%
122
116%
1951
1967
30-year 5s
'
Registered
107%
105'A
108 7/8
114
i09%109%
106%
108
105%
.102% 102%
101%
108%
103 »A
87%
88%
77 V*
83
85
106% 107 »A
-
74
109% 110%
105'A 105%
104%
*105'/a
*117'/a
103%
107"
105 »A
115
—
117%
—'
76%
84
95
79%
82 Va
—194f
92%
49%
19
4s
1936
Wisconsin
Public Service 3 Vis
105%
108%
109
110 Va
•106% 106%
.1968
1971
Elec Power 3%s
42%
20
1
Wisconsin
90
87
109% 109%
Wheeling ft Lake Erie RR 4s.i——1949
Wheeling Steel 3'A series C
1970
Wilson Sc Co 1st mortgage 3s
1958
Winston-Salem 8 B 1st 4s
1960
125
106
109%
Deferred delivery sale
the year's range,
♦_.
107%
f
d Ex-interest,
not Included in the year's range,
e Odd-lot
sale not
Under-the-rule sale not Included in the year's range, r Cash sale
y Ex-coupon.
{Negotiability impaired by maturity.
tThe price represented Is the dollar quotation per 200pound unit of bonds. Accrued interest payable at the exchange rate of $4.8484.
tCompanies reported as being in bankruptcy, receivership, or reorganized under Section 77 of
the Bankruptcy Act, or securities assumed by such companies.
♦Friday's bid and asked prices; no sales being transacted-during current week.
A Bonds selling flat.
\
\
:
not included In
n
the year's range,
NEW YORK CURB EXCHANGE
AND
WEEKLY
®
New
Curb
Friday ,.'
Exchange
Week's
Sales
Last
Range
ot Prices
Shares
'.
it
'
.
^cme
A
D
Aero
w
P
rt
co
warrants.
:
,
common
;
5
Supply Mfg class A
Low
High
if',.*••
"
6%
1,000
2%
Jan
Sep
12%
12%
800
10%
Feb
32
13
21
21
200-
19%
Jan
22% May
;
Par
High
Low
27%
.1
B
AJnsworth
Air
.1
Mfg
Associates
For
common
Inc
see
5%
A
page
2045.
..
.1
/N Ji.
footnotes
for Week
Shares
—
4%
5%
29,100
17%
18%
3,000
14%
14'Ar*
100
Exchange
Range Since January 1
?
6%
12%
Curb
York
7% May
>
Apr
Oct
Air
Investors
Convertible
Aireon
Mfg
common
preferred
3% Aug
9%
11
Jan,'
Aug
5%
v,
y
Oct
19% Sep
16
Oct
Air-Way
Electric
Alabama
Great
Power
$6
Appliance.
SouthernCo
.
v
.
Low
y
.
y
4%
2,100
10%
liy8
10,600
4'/2 Jun
37V4 Apr
5% Jun
4,100
270
3% Jan
99% Jan
36% May10%
"
6»/a
7
123% 125'/a
.
—
108% 108%
10'/a
10%
{,
10
200
115'A May
' Jan
6'A Apr
106
1 ;
High fy.
';.
2'A Mar
4%
2
$7 preferred
preferred
Alles Sc Fisher common
Range Since January
\Lo«J
High ■;
10
,50c
Corp
Alabama
Class
Sales
Range
of Prices
Friday
STOCKS—
/'•••'
New
L0
Co
y
for Week
Sale Price
ACP-Brlll, Motors
Week's
Last
Sale Price
-
T O C K 8
York
RECORD
YEARLY
•
109%
105
.107% 108'A
2361
t A Wisconsin Central 1st 4s
ACertificates of deposit
92%
107'/a 108%
—2361
—————
110%
104%
105% 106
——
Westinghouse El
West Shore 1st 4s guaranteed
106%
\
105 % 106
4'/aS——1950
1951
—
1960
k Mfg 2y8s
1951
gold 5s.
117%
107%
106 '/a
107%
♦107
1966
1952
1977
A—2014
102
115%
106% 106%
series I
Included in
f
105'%
Ill
i996
101'A
*116% 117
1950
'r
104 %
131 y8
6%s
1st
104%
104'/a
6s
Div
f:
99%
104% 105'A
1956
1948
A—1970
-
;
73'/a:;
103% 105%
107
99%
1994
1st cons gold 5s
4s series A
Devel
St
105
99%
—.1996
gen
gen
M 104
%s
Maryland
25-year
a
C
&
84
'
106 'A
99'A
103y«
i ASu Si Du div k term 1st
ACertificates of deposit
i
:
100
105%
Washington Terminal 2%s ser
Westchester Ltg 5s stpd gtd
Co—
A
series 'B—
3%s
Devel k
;
...
100
101%
100 '/a 100%
101'/a 102
101%
85
100% 101
100%
101%
1986
let
Pacific
3%s
Devel
85%
100%
—1969
1981
mtge 2%s ser
Southern
105%
101%
104 %
Gold 4%s
,
101%
1977
(Oregon Lines) A
Fran
107% 110%
101%
Gold 4%s————
1st
107'A 107%
—.—1985
.
Gold 4%s
Southern
107%
Co—
Pacific
4%s
i
100
95
101% ;
102%: r
98%
102
Funding Sc real estate
|
—1954
«2%s sinking fund debentures
Onro coll tr 78—
Skelly
78%
81
*97'/a 100
_
84y*
i
100
1st 4s
1st & ref 5%s series A
Western Faciflc 4y2s Inc ser
Western Union Telegraph Cc—
t
92
90
96
90%'
.^.-——1970
West Penn Power 3%s
v
67%
1933
deposit
106
i
?
3'As
—1955
RR 1st tet gtd gold 3%s_.2000
Western
68
1949
(Guaranty Trust)
dep (Chemical Bank)—
95%
PetroleOm
Gen mtge 3
t
39%
of dep
103%
100% 101
102 .102%
195b :
1st mtge 4s
Washington Central Ry 1st 4s
*
ACtfs
j
109
Baking Co 5%s debs
Warren
-
!
52
/
v 4s Inc series A
1981
inc 4%s series B—.1991
mtge 3'As ser B—
1971
(subordinated)
!
52
49'/a
123
101%
104% 105
mtge
Walwortn Co
Ward
|
119%
52
ACtfs
:
120
52
1959
Ctfs of dep (NY Trust)—
of dep (Chemical Bank)—
'
|
86%
195u
deposit
Gen
Warren
I
89% 110;
-
!
>
118
108% 108%
Gen ..mtge
•'
130%
deposit
gold stamped
ACertificate of
V
1st
62
1950
Air Line Ry—
gold 4s unstamped
f Alst
104 %
103 %
...
*115% 120
Wabash RR Co—
1
114%, 114%
JSeaboard
.
j
1989
gtd 4s
I
100% 101%
ioi%ioi%
*103%
115%
112%
—
;'i 116%
108
1989
Virginian Ry 3s ser
5
—1952
Nov 1989
IA 1st term k unifying 5s
*115%
1958
B———.-i—.1995
\
109% 109%
*114%
1955
_1957
—
Va
36%,>-51%
1970
ACertificates of deposit stpd.——
series B
Cons s f 4s
Virginia Electric Sc Power Co—
1st Sc ref mtge 2%s ser E
'
1975
iron Coal k Coke 1st gold 5s—1949
Va k Southwest 1st gtd 5s—
.2003
|
70
51
|St Louis-Southwestern Ry—
1st 4s
bond certificates
;
A 2d 4s inc bond ctfs
•
48 %
,
j.
series B
5s
ACertificates
"V
V
48
1950
A
ser
ACertificates
A Prior
i
Francisco Ry
San
A Prior
Yandalla RR cons g 4s series A
99
98
1959
Mt St P 5s stpd
•
j
92%
ACertificates of deuosit
L Rocky
Bt
104%
97% 103%
stamped
4s
'
'
.
11% Oct
V7
Oct
132 ; Julv
•
j
'
118% Oct
/ 110
July
10'/a Oct
•
NEW YORK CURB
i.
Investing S3 conv pfd_
Int'l
rtincu
Fioaucib
Altorfer
(Micn>
;
"".10
Goods
Aluminum
Industries
6%
Ltd
Book
Central
Class
117 ^ Feb
400
19%
Jan
22%' Sep
200
15%
Jan
26(4 Jan
■
86%
Jan
117
Jun
»
Oct ,,4
110% July
113
850
115
108%
7
••-•:
900
,
107%
5.100
11%
46
13,400
11%
<
-25
46%
46%
1
A.
46 %
6%
6%
i 6%
Class B_.
•
1,300
700
2
Jan
4
3%
800
1%
Jan
3%
Cables
'
dep rets 5%
Sugar Estate
Calamba
California
Oct
Canada
Bread
Oct ;
Canada
Cement
Sep P
47(4
Laundry
Light & Trac common
48 y2
American Meter Co
2%
Jan
10,900
12"%
12%
46
31
•
'&■ f7:"'
7.
Jan
43
1 ,'zoO
26%
Oct
32%
Jan
43%
Oct
2,600
17%
Jan
26 3A
Oct
29%
Jun
77'A
Oct
200
27%
7 25% -Apr
;v
74';
1,200
4'A.
39,600
39%
300
31
Jan
40%
50
51
32»
41(4 Jan
53%
\
Jan
■'
1% Jan
Chemical
ft
8eal-Kap
American
—2
common
38,600
11% Sep
4% Jan
2,800
%
Sep
Jun
Co
W)
Casco
(A
Catahn
M)
33%
5'A
7- 5%
9%
of
Jan
18.
1%
4,400
5'A
97/#
1,800
4(4
Jan
4,100
5%
Jan
-
9%
i
■
■
9
'
7 Ys
.
6%
;7%
...
...1
—
"7
17% Aug
"4%' Ti-P
;>?:5.v;.
32%
37
37
113
113%
14
1,100
2,0007
130
113%
12%
.
7'A
•
•
Arkansas Natural Gas common
6%
class
—10
:
2.50
Equipment Corp
Oil
Ashland
ft
Refining
Electric
Associated
Co—.
—1
£1
Atlantic
Coast
Line
-I
50
Fisheries
Co
warrants
1
Automatic
Products
:
Feb
24%
3,100
13%
4,000
"2%
"1%
2%
10%
PiV'P .11%
75%
76%
61,000
6'%
19,000
26 %
3,600
3
101
11%
Cities Service
Automatic
Voting 'Machine..i
*5%
25
25%
Ayrshire Collieries Corp
150
14%
13%
~9V*
—3
25
1
& Sons common.
preferred
(B F)
•i-
Oct
City
,
26%
5%
.10%
100%
^
26%P~X60Q
is y2
23.4
Jan
Jan
Oct
9%
Mri,
:
16%
-3a
preferred
7%
Rubber
47
: •
29%
4,800
Jan
Steel
Barium
Oct
Columbia
Corp
common
20'A
250
—
43
.
"r i;
•V \
Blauner's
.v
,
W)
(E
Apr
5% .Jan
20 Va
400
8% Mar
11 %
15%
.9
Jan
39
19(4
19 VB
4%
4%
19 74
5,,;
155
155
36
38
38
1
& Mach Co com—•
•
14%
1
27%
3»/«
3%
19'A
common
19
18% Jan
20%
Sep
Sep
145
155
Jan
30
Mar
50
3%
3%
Sep
19%
Oct
1%
13%
14%
9,300
10 Va
227/s
975
10'/8
Jan
27
29
15 Va
Ridge Corp common
—
—1
optional convertible preferred—•
(8) Si Co
•
Bonack (H Ci Co common
•
4%
4%
Jan
53%
54%
800
24 %
25%
1,300
Blue
$3
Borne Scrymser Co
i—i
Inc
Bowman-Biltmore
S
$5
2d
—100
Brazilian
Breeze
Mfg
12,600
1,300
,
20
' '.'v
51
Jan
57'A
Jan
28'A
8%
110
32
Jan
31
Jan
144
12%
Jan
17%
%
Jan
2'A
2,750
34%
3%
4%
22 %
22%
21V2
21
57/s
7%
4%
23%
3,100
•„
-22
3,100
6
16,800
7,-
7%
P
2% Aug
Jan
20
3,500
5%
63
Sep
Jan
.15
3%
P
17
Jun
-
23%
19% Feb!
22 7/8
19 y*
22
common—
460
15
•
1%
37,600
A
260
100
g
28(4
2(4
8%
17%
6%
5%
Jan
—
Oct
Jan
109
Feb
2'/2 Aug
32 '. Jun
;
; 8%
Inc common
Mfg Co (Mo;
-;x*
July
10
Oct,*.
'/a May
31% May
20
27(4
-'5,500
20%
2,500
11
2,600
550
15'A
34
35'A
36
36
;
10%
?
Oct
13%
Oct
11% July
19'/a
Oct
Jan
Apr
Feb
6*54
Jan
3Va
--
2»/a
7% Mar
15
650
"9,100.
2'/a
32
>
Jan
6(4
72
Apr
32
Oct
40
July
14%
15
4'/a
..,■;•
7 Aug
8
3,500
Oct "
84
*
26,500
•:
7
Oct
; Jan
26%
11
1%
.
5
1
72
?l7
20'A
Oct
23
24
7,700
27%
>
Oct
12%
Jan
12,300
71
—
Apr
25%
7:
2
2,000
13
Oct.,
14% Mar
6,800
5
Jan
6% Aug
700
105
7
•
i
Oct:
Oct
31
Jun •;
Aug
4% Mar
20'/a
Oct
11
Oct
10'/a July
15'A
Oct.;
22% Mar
*12
Amer dep rets
Class
Power class
Fence &
Class
5%
100
5(4
21'A
125
20 Vb
200
2(4
Apr
Jan
(EL)
Bruck
Mills
Niagara
Si.60
$5
Burma
Burry
Butler
(P
For
7,800
"7%
7,000
H)
3%
20
s
Feb
Aug
Dejay Stores common
Uenmson Mfg class A common..
Jun
10%
Oct
34
Sep ' i
*40 A
Feb
100
Oct
i
3.%
9V2
13'%
13%
2,500
10
7%
Jan,
25
footnotes see
?g
31 hi
Jan
Jan
,14
Detroit
Detroit
Sep
20'/8
Jan
31%
Oct
Jan
120%
Oct
P<»np
10%
Jan
18%
Oct-
Distillers
2 (A
28,700
l'A
Jan
2% May
9'A
21,300
3
Jan
9'A
Oct %
Divco
6%
100
7
Oct
Dobeckmun
2y8
2'A
7(4
6%
4%. Jan
,
Oct
Sep
Am
4-
Iron
common
.8
12'A
100
Jan
35 Vu
Feb
12%
4,600
7%
Apr
12'/a
Oct
5'A
Jan
10
Oct
10
4,900
82
Apr
100
Apr
100
20
..100
"9%
10%
10(4
12,100
dep rets ord
Corporation
reg—
common
I
10'A
•
Sep
Oct
142'A May
11(4
Jan
Jan
18%
Apr
21%
Jan
Jan
4%
35
;
Jan
10%
Oct
Jan
37%
Sep
4%
27.200
l»/2
9%
10(4
13,700
5%
35'A
500
35
27
Apr
10%
Feb
12%
Sep
Oct
Oct
15%
Oct
13%
: 38
Oct
25%
10
50
2,300
18%
200
18%
Oct
18%
Oct
22
1
14% .15%
18»a
15'A W
—-£1
I
8
-3%
4%
1
40% Mar
j.
16
1
—10
'
20% Aug
II—1
Ltd—
Co
8%
10
22 V2
60
10
Stores Corp
Co
.35
..50c
Jan
1,500
138
35
—20
preferred
111'A
9'A
25c
Vilbiss Co
7%
4,300
18%
& Mfg—1-
Foundry
Mich Stove Co commonSteel Products
Gray
5,350
17»A
—
2045.
Gasket
Detroit
4iy2 Aug
10 Va Feb
Mar
—
preferred
17,453
31 if
119% 120
119%
*18'A
12 %c
page
31
-*
common
debenture
Detroit
De
2.50
Corp
87c
..1
—50
preferred
prior
Derby Oil & Ref Corp.
Sep
Oct
& East Power-
dep rets
V6
6%
Ltd
preferred
& Sullivan
Biscuit
25
Jan
33
Hill
Corp Am
5%
91
preferred
1st
40%
r7
Co common
Silk
Bunker
3,800
35%
—
common—
Buckeye Pipe Line
Buffalo
10%
24
Forman Distillers
Bruce
9%
Sep
—.—
prior preferred-
Brown Rubber Co
3
Class A convertible
6% Jun
Jun
3%
10%
Wire common—
preferred
A
Brown
5%
20%
3%
B
Brown
5%
21'A
—10s
ord reg
Columbia
44
37
31
Apr
Ltd—
Celanese
British
Jan
-Davenport Hosiery Mills.—...
Dayton Rubber Mfg
22'A
300
11'A
Sep
50
20
Jan
Jan
25%
900
52
Oct
48%
i
^
Oct)
D
bearer——£1
rets ord reg——.
£1
dep
British
$5
—
American Tobacco—
British
;
Oct
113
Sep
102
1,750
23
:"5%.
Lighting
Curtis
May
Am
—
Sugar
Tobacco
Curtis
Oct
8%
25
Jun
Am dep rects ord
Atlantic
Cuban
May
20% Aug
Oil Co
British American
.
Cuban
Oct
31
25(4
preferred
Refining common
preferred
$6
Oct
Oct
3,100
17%
'
Oct
x3%
Jan
8%
6
convertible
Jan
35
:
8%
2%
12'A
17%
A
Crystal Oil
Jun
20'A
.
W'
23'A
Jan
1,025
7
Oct
Jan
Jan
4(4
15,700
9
Oct
67%
13%
4%
27%
Sep
ioy8
7/16% Aug
13,806
Oct '
110'/a
1,500
7
i
Jun
*
8,700
25%
12%
;
Feb
Jan
8'A
107
Oct
118%
30 »A
24%
Oct
Oct
81
;
106'/2 May
5% Apr
220
9,300
Crown Drug Co common
Oct
10%
Mar
31
•
mmmrnmmttrmm n
6
Cork International
Sep
*37% ,38(4
7 3%
15'A
Jan
;114y4
1
2'A
Milner & Co
—
Cent Petrol (Md)—
Crown
Sep
22%
Yp.
Feb
5% Aug
1,800
5'A
4%
103
12%
Crown
Oct
25
'%
22(4
28%
!——.
'•67'A
10
2(4
p
(ord reg).
2,000
4,600
:•
4%
Co
Brewing
Croft
Oct
60
dep receipts
3,200
80(4
3%
•
103
38'A
preferred—
Crowley
Oct
15,700
1
15 »A
Jun
43% Mar
Jan
8%
11(4
2%
Jun
7(4
fi:
,
Oct
16
'
Feb
1,450
:
:
Petroleum
Creole
July
100
2'A
52
60
American
Sep
38
12(4
1(4
&
1
4,600
105
106
aa
2%
23'A
24'/a
Oct
11% Jan.
200
f
1
:
Oct
101
37%
66%
3%
j
' ]'
Oct
Jan
"
116
4%
lb Jan
27%
20
:v 29
5
46
1/64 Jan
98,200
64%
•7(7%
7
Jan
71
43 '/a
23%
——
Jan
,
4
Oct
34% Mar
830
■
108% 110%
24(4
Courtaulds Ltd—
Sep
Oct
Jan
I
,100
preferred
convertible
2%
Feb
15%
16%
t*
Co common
Hfc
1%
1
Cld>SS
Jun
^
-1
8%
5
5%
.
;
(
1%
v
:
Oct
Jan
|
VJ
Oct
4,500
10
f.
■
Oct
8
8%
11%
600
3%
30
Reynolds
$b preferred A
Cosden Petroleum common
Cor; von
5% Mar
16%
2%
1
common
Aeronautical
Bridgeport Oil Co
Brillo
31
138
•
Lgt & Pwr
Traction
Corp
*
t
preferred
Brewster
j
•
common
1st preferred
7%
29
137
29
100
25
•
1st preferred
Bourjois
24%
;
23'A
.106
70'/a
•
Oct
15%
65%
Cornucopia Gold Mines
Oct
36 V$
Jan
3y8
4,800
22%
8
-10
Jan
3% Jan
,41
...1
Lid
Oct
■
Jun
45%
,
250
9%
•»I
22%
8,400
'
;}
Sep
Feb
2%
9%
jun
Oct
1%
108%
j
Oct
25%
>4%
6y8
15%
...1
t
i; iov8
'
2 4'/a
* 3(1
14%
I
13%
36%
79
1
:
May
A
116
.J
Oct
Jan
.
10,250
■
j
Jun
8)
1(4
15'A
13'/a
Jan
f
L
Oct
13%
3% Aug
35%
•79(4
Oct
144
Jan '
•
20,900
97
Coro Inc d
15'A May
Aug
19'/a
95
TOO
Varnish Co
Copper Range Co
Jan
Jan
147/8 July
650
97
1
'?
f
j
138
Jan,,
Jan
8%
100
8%
46
"2%
Oct
25%
3,500
4(4
4
38
TOO
preferred series C-.
prior
"4%
;
4,400
7
23%
46
«
...
...
Cook Paint &
Feb
46
36% Mar
20,000
!13 %
4%
22%
common..—•
•
Consolidated Biscuit Co
Consol G E L P Bait common
4%% series B preferred
7%
Oct
46%
Coke Becur
Continental Fdy & Machine Co
Continental Gas & Electric Co--
5% Jan
3% Aug
2,700
19%
Mar
14% Aug
y
Blumenthal
25
Gas Utilities
Consolidated Mining ft Smelt
Consolidated Retail StoresConsolidated Royalty Oil
Consolidated Steel Corp..
Consol Textile Co
Oct
10
.
125
42
120
37
—1
—-
Consolidated
Jan
18%
2,200
13%
22%
'
Oct
28%
100
7%
warrants
Arms..
preferred
49&
Oct
Oct
8
Mar
600
39
"
•
common
common
^
'9
100
Birdsboro Steel Fdy
u
Feb
5% Aug
5,600
8
"106
1
common
Hedges common
Convertible preferred
Berkey Si Gay Furniture
Bickfords Inc
9
1
&
Benson
7%
38%
10
Canada
of
Tel
7%
$3
Oct
••42%
Feb
3
2,450
7%
fi%
Electric—
Gas &
Conn Gas ft
Apr
X14%
Jan
10% Oct
—1
Shoe Corp common
Aircraft
Bellanca
7%
Iioo
Mills Inc common
(AS)
Bliss
10,700
^
1
Patent Fire
- 5%
preference
100
Commonwealth ft Southern warrantsPublic Service—
—25
Oct
x47
Aug
10'/a
50
4%
.
1st preferred
Beauni:
Bell
10%
4%
•
(L)
Brummel Ties
Beck
1,100
20
5
•
Water Service—...——1
Compo Shoe Machinery—
V t c extended to 1946
—1
ft
Baumann
7%
40
350
14%
10%
$1.20
Beau
42%
4%
Seelig Mfg—
convertible A common—
Basic Refractories Inc
Barlow
42%
66%
Feb
35'A
•
"■soo"
64-
64
7
Jan
9
600
19(4
'
1%
"
43%
\
15%
Jan
19%
1%
]f
Oct
Oct
130
Jan
8(4
:
.
Oct
,
Jan
11
:
i
'-h
48
Jan
90O
"
10(4 ' r7*' 300
25% " "1,650
3(4"" 11,500 4
7%
TOO
132
Sep
\ 117
j
,
Oct
APr
(4 Aug
13
18%
Co
(new).
Warrants
Colt's
~
15
Feb
85
Jan
Jun
21
95- -"110% Mar'
43
Community
14ya
shares
American
19'A
1
Community
"43%
>
..
l
common
«
3%
3%
1
Colorado Fuel & Iron
5
Andes—
los
de
Banco
Co
10 %
23(4
25
—1
...1
Airlines
Oct
Baldwin Locomotive—
Baldwin
lio
—
common
Oct
B
46%
136
12%
5(4
15
Jan
J16%
:
•
,7 1,350
-r-
30'/a Mar
11%
&■;>
130
17,300
23(4
133% 138%
132
ordinary
23 y4
26%
.
137%
22%
—•
Co
Colonial
p
:
Babcock ft Wilcox Co
Plow
;
121'A 126%
Mar
Aug
112
■
18,200
1%
Mar
80
,:•
30% Mar
34%
650
>"'• 75:
15y4
"
1%
23%
*:
Jun
Aug
10% Jan
i 16% Jan
*
Development
20(4
..
15
1%.
32
Aug
y
8% Feb
U
77
.<
Jun
3% Aug
7,300
.
V; 777300:7
48
Jun
Colon
900
17(4
•.'■'7475.*
r
Oct
Apr
5'/a
-
■H Apr
19(477,;7 225 7
45%
8
Utensil
Aluminum
Cock6hutt
1,900
,
Club
J;
Oct
9%
12%
T9
126%
Electric Illuminating
Clinchfield Coal Corp
Oct
28%
24
85%
Apr
Jun
18'/a
122 y2
.12'A Jan
118
Feb
,
17,600.
„
~4(4
*
Lights Inc..
Neon
6%
20%
;
Oct
'
Cleveland
17 ,'
104
Aug
11%
-
~4 %
12 y4
4%
—
Clayton ft Lambert Mfg
r
27%
19 Va
8%
Claude
•
Oct
Feb
Jan
28
20
Jun
Jan
12
4'/a
,
.......
& Suburban Homes—
Controller Co.
2%
700
:
100
.
18
-10
common
Oct
2%
•
200
....
20(4
V
20(4
...1
60c
17 JA
-
Oct
Apr
Jan
Apr
63
.100
preferred
preferred B
$6 preferred BB—
City Auto Stamping.
:v
Feb
11%
Oct
107%
7 18
4%
™4
Mining
Feb
.
120
-.25
$6
Jun
10 %
July
17(a
17 %
5
Chicago Rivet 61 Mach
Sep
10%
7%
p':l 210"
30.
Chesebrough Mfg
Chief Consolidated
21
33
104%
8,500
;-
,
.
..10
15
7'/a Aug
58 % Jan
10% '11
100-
Chicago Flexible Shaft Co common.
Oct
11%
7% July
69 %
Oct
119% July
Jan
•' 24
67
Cherry-Burrell common
Oct-
51
-
Jan
14 »A
,
5.100
••
105% 105(4
—5
24%
Jan
v
,v7. 900
119% 119 Va
...1
common—*
Feb
Sep
Jan
8%
20
Chamberlln Co of America
113 y8 May
8% Aug
% Jam
375
42%
69
Cessna Aircraft Co common
6(4 Jun
,
Apr
20
Oct
6%
.7% "Apr
May
19
TOO
11
16% July
28,500
10'A
;—1
6%
Jun
33
Jan
.100
'
3% Jan
Mar
900
•
"9%
~9%
.100
Corp
Oct
24%
Jan
28
;
4%
21%:
pfd opt div ser 29—
114% Mar
Jan
10 y«
23%
12%
23%
13
~6%
;
Corp
Plywood
Avery
3%
2,300
ft Coast RR Co' pfd—100
Coast
Atlas
13,100
io%
10%
•
Tel St Tel class A
Birm
Atlantic
Atlas Corp
2,400
5%
5
,
Oct
(a
TOO
6% preferred
Clark
Associated Laundries of America
Atlanta
5%
5 *
-
11%
20%
j
pfd opt div ser
Industries—
'■$ American dep rects reg
Associated
■.
5%
10%
110%
5(4
Toy®;
Jun
4%
118% May
.50c
South West Utilities
b
11'/a
TOO
pfd
{Childs Co preferred
Light $7 preferred,*
Arkansas Power &
Aro
non-voting
A
preferred
•
"50;.
49%
10%
Conv
? 14 >A Oct
Jan
8%
16
450
48%
105%
...1
Prooucts
5
lliy» Jan
0,300
14
Oct
5% Apr
l7/a Jan
TOO
piQ_. .100
37
20(4 Jan
350
.
.
48%
•
com—
pfd
Conv
20% May
77*
32'A
"9%
o*
preferred
7'7c
"
Common
Elec
&
Light 7%
&
(Cent States Elec
5>A Sep
10% Apr
7% OC!t
.
Sep
11%
~
Power
Steel
Ohio
Power
Central
24%
19'A
Oct
35%
3% Jan
ouu
.£1
1
Angostura-Wupperman
•
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4%%'pfd— TOO
v
Gas
Apr
Jan
24,300 ;;
11%
Cnaris
.—3
8% Jan
108'/a
27%
116
Aug
135
pip
July
12
...1
America
York
New
Central
Jun
Jan
35%
5
6
..10
Power 7%
Central Maine
Oct
%
23'A
32'A
•
1
Huason
Centra)
* •?
com
& Co
Corp
Central
16% Mar
•
"4%
24%
i—*
1
Products
Castle
4% Jun
p
■
Jan
120%
;
Inc
8,500
9(4
1%
1%
34%
Anglo-Iranian Oil Co LtdAm dep rets ord reg
Argus
1%
common.
Fence
Post
Anchor
Paper
Writing
14%
8%
;;
.103
Corp com™—
1st $6 preferred
$6 series preferred
American Thread 5%
preferredSuperpower
American
14J/a
..10
Republics
American
Amer
14
"i Va
4%
V
common
& L $5 pfd
Central
Potash
American
50
51
July
300
11'/a
•
Co
P
(J
carter
S'S
'
77%
3%
39%
74
77 'A
11%
•
A
Class B
Carolina
1,150
Mar
Sep
'■ 8% Jan
108% Apr
—25
1
class
Co
&
Carnation
July
25
27 %
4'A
Carman
Oct
12(4
26%
18
23
25% May
Capital City Products——.«.*
Mi
54 "*••••
43%
'
„
——*
*
-
Oct
Jan
Alcohol—
voting
Sep
12%
5
100
preference
Sep
10%
(
20
•
common
voting—
non
49% July
24
•
Ltd*
Co
Industnal
A
Class B
Oct
23%
24%
10%
Jan
•*' 6% Mar
••
—-—•
Ltd
Canadian Marconi
Feb
42%
26'A
'
10,300
Jan
6%
2,900
12%
Oct
113%
41(4 Jan
47% May
50
Oct
23%
7
;
10'/a
—5
preferred
Car Sc Foundry Ltd—
Canadian
Aug
Aug
8% Jan
300
52
47%
xlll
300
43%
Jan
V
.
Pp.
Jan
17%
225
113%
52
46
sa
Co,
Participating
7»/8 Mar
.1
Insurance
Fire
-6%%
77
36% July
,
900
*
43
40%
1
-•
•
-
5,400
113
100
Mfg Co common
Maracaibo Co
American
*7,900
%
23%
•
23
preferred
American
47%
%
•
43
20
25
Mach
American
6 %
%
&
American
46
22%
Cyanamld Co common
10
Foreign Power warrantsAmerican Fork & Hoe common
•
American Gas & Electric
10
4%%
preferred
100
American General Corp common
10c
*2 convertible preferred
1
$2.50 convertible preferred
1
American Hard Rubber Co
25
American
12
Canadian
52%
V;j;.;
V-
7%
-9%
11%
>9%
10
Corp
Oct
% May
4
3% Jan
£1
1
Power
Tungsten
Class
American
Electric
Jun
Oct
Jan
pfd
American
60»A
Aug
pj 4
3%
3(4
Camden
42% July
250
■
3%
3%
Callite
1
Mav
3%
trust certificates
& Wireless—
25%
Jan
'•
High
50o
Voting
Sep
3%
44
1%
-29
Low
Cable Electric Products common—50«
57%-Oct
Mar
ft flight—
A
:
1% Mar
10
19(4
;:i7%
19%
I
100
3%
3%
*58
-58
y~3%
1
Power
class
7
21 7"
108
-
Cities
Convertible
Jan
v
.100
—-
Mfg
Rights w 1
American
Jun
'•
Range Since Jannary 1
High
Low
Oct
Jan
112%
21
113%
1
Co
11J/2
8(4
36%
350
22%
Shares
Oct
12,600
"loo
American
■V
47%
57(4
21
common
common
American
-
Jan
•>,
116%
j
for Week
Feb
54
Mfg
American Beverage common
50
29
1
Aug
48
116
11(4
Sales
Range
of Prices
Par
■
800
22%
preferred
Range Since January 1
LOW
High \
1
47'A
..11(4'
57%
;i5o
Aluminum
Aluminium
45
47'A
common
preferred
New
Shares
High
Week's
Last
Friday
8 1' o u a s ■
York Curb Exchange
.''.•■»■••
37
•
6%
V, Low
Co common.,..
Bros
Aluminum Co
for Week
7 of Prices
Sale Price
26
Sale Price
Sales
Lasft
Par
Allied
Week's
Range
Friday
C; STOCKS—
New York Curb Exchange
■
EXCHANGE
RANGE FOR WEEK ENDING OCTOBER
i,-
2041
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4433
162
Volume
j
41
:
•
EXCHANGE
NEW YORK CURB
RANGE FOR WEEK ENDING
T»»
N«w
tnrft.
Week's
Friday
STOCKS
Last
Lxcluil*
Range
ef Pricee
Sato Frfoe
v'/.;
.
Par
5%
4%
»«
Tar
&
Corp—
Harris Co
86%
89
Jun
Oct
8%
dep rets ord reg
—St
Hosiery class B common—*
Oct
a#
14
Horn
12% May
14% Feb
5%
2%
Jan
650
prior preferred
preferred
—100
.——100
97%
93%
78%
Feb
99
>4,325
46%
Feb
64%
33%
Jan
1%
Jan
98
64 %
62%
64%
Iron
21
41%
42%
4%%
Malleable
Eastern
Stages
$7
$6
"5%
Corp.
Eastern
49
52
11%
11%
17%
18%
,
525
71
39% Jan
51,500
-
Co
100%
100% 102%
Oct
42
IS
—10
common
97%
preferred
50
Empire District Electric 5% pfd—100
Derrick Si Equipment—
•
Jun
70
7,200
100
11%
Jan
725
35%
15
Sep
3
104%
Sep
ft ft
42
25%
107
10
107
12%
2%
14
-
48
16
34
48%
ft
48%
35%
Inc
Pipe Line common.
3
425
Jan
42%
Oct
Jan
33% Jun
14
Oct
33
Jun
Oct
Oct
84%
Oct
16
Apr
Feb
23
Oct
Am
85%
Oct
38%
4,200
—*
a
58%
700
9%
Jan
14%
29,700
11%
Oct
14%
26%
26%
23 %
Jun
26%
Oct
62
64
75
Jan
56
140
A
zinc
July
Amer
(Peter)
Co
Grain
Malt
28%
Fuller
$3
4%
convertible
29%
7
10%
9,300
17%
4,600
400
3%
700
27%
350
17%
Jan
Jan
82
Jan
114
9%
dep rets ord reg—
—.Si
General Finance Corp common——-1
5% preferred series A
10
10
5%
Amer
;
15%
(FL)
106%
10
12%
$4.50
preferred
15%
Sep
7%
Oct
Kansas Gas A Eleo 1%
Goodman
Gorham
(3
Mfg
105
May
6%
Apr
14
Oct
Feb
10%
Oct
Key Co common
Kidde
(Walter)
Jan
28
Sep
Kings Co Lighting 7%
150
4%
104
4%
105
Inc
Oct
4%
4%
105
Jan
(D
Kleinert
Oct
19 %
Apr
Mfg
Mfg
15
18%
18%
100
20%
19%
20%
2,000
23%
22%
24
—
common
1
*
5
5%
—*
38
—•
Mines—— —1
105
————
5%
65
65
"
600
13
140
38
39%
104% 105
1
1%
ftt%
103
A
—10
39%
Jan
51%
49
51
30
11
16%
18%
1,000
3,000
16%
1,600
18%
(Cal)
Si
ft
16
Pacific
■
—
__
Great Northern Paper.
Greenfield Tap A Die
111 ft<:
133
ft
44%
•
no
134
.
<
-44%
7% Mar
10%
>
ft Prior
20%
Grocery
Stores Products common
25e
Gulf State Utilities $4.40 pfd
100
Gypsum Lime A Alabastlne——*
12
18'A
20
Apr
•
ftft ;•
Line
Oct
;
..';
•
Jan
117
Oct
Loblaw
Bemmermlll
Hartford
1
•
Ltd
12%
Paper
30%
Light.
voting trust ctfi1
Brewing Oo
Harvard
1
X
_
Hat Corp of America B non-rot com
•
Pnrp
Hearn Dept Stores common
Hecla Mining Co
.
—
Helena
ria««
,
July
Feb
-250
_
10%
Jun
•
see
page
2045.
Jan
12%
7%
Oct
Apr
8%
5
27
Aug
650
7,800
1%
3,800
3% May
5%
■ft- 9%
ft
14%
47%
1,500
13%
14%
3,900
14%
14%
-
•
"""'•a*-
ft
6,000
-
'•
'mm,"'"*
ft ft 33 ft-
Jan
62%
Jan
'Jun
1%
Jan
24%
i
Oct
Sep
19
2,800
1
13 % July
8% Oct
3,800
18%
16,300
13%
2,400
12%
4% Mar
Jan
11%
Oct
Jan
13%
,
Oct
18%
Jan
4%
j
108
Aug
107% Mar
110%
Jun
108% Mar
114
Feb
109
110%
60
110
110%
50
25%
100
20'A
20%
Jan
21%
Feb
25%
Feb
116%
—
Oct
6 Va
257/a
77%
67
.
67
67
Va
6
ft
18
.
Apr
Jan
52%
100
1,200
9%
ft
>
i
22%
Oct
;
14% Mar
24%
Oct
,
8% Aug
12%
Oct.
.24
300
13%
13%
600
20
•
Oct
400
17.300
f
Oct
21
12%
Oct
Jan
15% Jan
16 V2 May
10%
f
6%
Apr
Jan
500
20
12%
Jun
1%
,
11
21,400
,
Sep
75
20%
7
1%
20
77%
3% Jan
24
20 V*
.
Oct- {
ft. 25%
43% Jan
5,100
;
Oct i}
Feb; ,i
12
8% May
20%
1%
^0
Oct
20%
1135%
180
9
8%
Jan
Oct
4,800
.
#
6%
i
13
115%
50
11 Va
77
25%
11 Va
Aug
120
100
800
.
21'A
.
.
7
.6%
.
;
99
Jan
9
v
100
Jan
Jan
—
20%
20%
20%
7%
10%
22%
ZZ
12%
12%
'
7%
•
6%
10%
1 <
-
9%
10
ft
9
ft
■
•
Oct
13 %
79
38%
B
2% ft 3
2%
41
&
3%
Jan
ft; 25
.
13% Mar
22%
Jan
33 V2
Oct i
12%
Oct
Oct
6% Mar
2,500
it
100
48
Mar
80
Oct
HO
31
Oct
38%
Oct )
'
122,300
300
3,100
19%
1,000
42
1%
Feb
13%
Feb
22
14
Jan
'21
30%
ft
'1%
f
170,^00
8%
8%
15
'1ft Sep
«.
500
....
1,250
ft.
7,400
Apr
Oct '
3d%' Oct
Jail
10% Jan
97 %
91 %
li'/a
25%
Mar
7,300
14%
97% E.
500
2
$6 pfd.
100
1
Jun|
July
Oct
juiy
98
80% Aug
92
Oct
85
7
Aug
11%
Feb
109%
Exploration
common
f
Oct 5
Sep
9% Oct
2% Jan
24
27
Oct
f:
Oct
43
Sep
28 Va
■■
3
27% Feb
90 %
Oct I
Mar
22
.
May ;
Oct
11% Mar ?.
4
18%
19%
* 40
7%
Jan
6%
21
ft
22
27
preferred A ctfs of dep.
preferred B ctfs of dep.
Corp
38
23
15% Jan
1,800
2,700
•
•
*
A—
Class
Groceterias
2,000
ft 2,200
*10%
75
75%
•
—8
-
:
-
25 %
.
!—
_
Oct
114%
Jun
41%
Oct
32 ft
Jan
Oct ft,
Oct
4%
ft/ft:
:r
Oct
ft
*
ft
Oct
5%
Manatl Sugar optional warrants
ft
39%
Jun
47%.
Oct
6%
Jan
14%
Oct
Mapes
8%
Jan
15
Oct
33
Oct
Jan
20% Mar
"ft
Oct
42
Jan
3
25
11.,..*
-I,,'
Mangel Stores common
$5 convertible preferred
Manischewitx (The B) Co
7
800
10%
2
Oct
4%
•
A
footnotes
-
Oct
Mar
% Jan
110%
10
Inc 6% preferred—29
(Thos
Class
114% Mar
6
9%
r
450
23%
16
ft!l%
109
>:*■
17%
Oct
53%
1% Jan
.11
10
,14%
-
Jan
109
Long Island Lighting CoCommon ctfs of dep—
60
51%
28,700
,
23
.
700
i%
•
104
Lone Star Gas Corp common
31%
%
40 y2
1%
35%
50
Oct
44%
14 Va
Rubinstein
For
10%
3
5,100
ft 4%
Jan
107
Jun
3,700
30
4%
-5%
•:
l
Hawltlna
'
-
2
-
Jan
Jan
2%
107
13 %
53%
Rayon
350
2'/4
22%
;1,000
Elertrte
53
Mar
21% Mar
23
2,700
3,550
3
10% Mar
7% Jan
2,900
.
Hartford
3%
35%
1%
23 %
14,300
8V4
3%
38
Locke Steel Chain
12%
13
"i%
Oct
12%
8% July
3,700
52%
Feb
-7%
ft -8 Va
1,300
1%
1
6
Brothers common.
Lynch
Co
10%
,
53
47
••
200
18% Sep
18% Oct
22
19%
33'/2
■•3%
140
ft
19%
"9%
,
"
Jan
20%
19%
Jun
21%
9%
1,700
20%
i8ya
10 Va
35% Mar
80
SU13%U3%
•
Oct
1
20%
Louisiana Power A Light
—
Oct
20%
20%
Development
(R G) Inc
Louisiana Land
Lamp Co
Hamilton
Bridge
25%
'
"'
common—
Corp
Lipton
86
6%
Hall
Oct
20% Feb
1
Material Co
Lionel
July
17%
Oil
Le Tourneau
127
,
8
—
59 %
->-950
45 -ft
.'".ft'Tl 'A-'T3 %
Oct ft
Jan
100
Co
preferred
Leonard
Oct
12%
8% Aug
725
ft
25%
19
1
———
B—i,
Class-
Lit
111
19% Mar
4,100
Lefcourt Realty common—
Convertible preferred
Feb
Apr
52% Sep
37
Aug
Tea—
Non-voting common stock—
1%
1st preferred—.
-
16
1% Jun
Jan
39% Jan
22 % May
2,300
10%
1,000
59%
'
550
28
10%
Oct: ft
Oct
25%
Langendorf United Bakeries class A—,*
13% Mar
28%
:■
' ft
Lane Wells Co
July
July
Jan
10
51
oonv
47
106
Feb
1,600
pfd—25
—
Jan
Jun
47
12%
50%
Jan
112
55
1
Lakey Foundry A Machine—
Lamson Corp of Delaware
71% May
39%
7%
12
50%
Jan.;,
96
23%
Shore Mines Ltd.
Lake
ft/6:;ft Sep
%
12%,
"Oct;*
3
3
Oct
19% May
136,500
50%
-ft
-
21% May
24% Jun
Jan
3% May
48% Jan
7,300
:ftft- - 75
700
109% 112
111%
—•
10
1
Co common
(I B) Rubber Co
Brewing
Krueger
Oct
52% May
19% Oct
May
17% July
17%
.7,000
Varnish————1
Grayson Shops
Jan
18
Co
Great Atlantic
1,075
100
100
1
J
Kresge Dept Stores—
4% convertible 1st preferred
Jan
.,
21
52% May
12% Jan
————*
common
110
450
20%
2.80
Graham-Paige Motors $5
Gray
111% Jan
75
Co
Grand Rapids
92%
—•
5
Emil)
Knott Corp common
115% Oct
109% May
20%
class A-
class
91%
13%
preferred D
Oct
Oct
115
92
80
.
Klein
107%
Jan
1% Jan
2% Jan
1,300
100
1% Aug
55% Mar
85% Feb
800
1,600
18%
pfd B
Oct
Jan
84
600
Co
&
Kingston
Products.
Kliby Petroleum
Kirkland Lake G M Co Ltd
101
30
•£>■■■. . »■
ft
5#
Oct
161
Jan
132
13% Jan
preferred-
Gorham
Jan
1% Aug
57
2%
2%
Inc
i
Ken-Rad Tube A I.amp A—
18%
161
100
130
2
•
' Jun vt
116
Jan
52
2%
preferred—100
:
—•
—*
Kennedy's
18
14% Aug
100
114% 115%
Corp
Consolidated
i
i
Oct
11%
200
4 %
Co
prior preferred
29% Jun
,
Sep
390
100
92%
100
—100
*
preferred
5,400
4
Gladding McBean A Co—
Goldfleld
i t
Jan
Jun
/Jun ...i:
Jun
92 %
1% Jan
36,300
7%;
* i
May ; |
31% Oct i)
Oct
Jan
3%
2,200
106% 106%
Preferred
Inc
12% July
2%
10%
Kobacker Stores new common
Godchaux Sugars
Class
b
15
2
-..,.1
—
13%
>;
*4%
Geoigia Power $6 preferred.
$5 preferred.
Gilbert (AC) common
Gobel (Adolf)
15
12% Jan
93% 100
100
•
Co
26%
160
$6 convertible preferred
•
Gen Water Gas A Electric common—1
Coal—
11% Jan
100
93
1
*
Jeannette Glass Co
8'A
Rayon Co A stock
—•
General Shareholdings Corp com—1
Aldeu
1,400
24% Sep
60
-1
j
26%
General
Glen
13%
13
-xll2%
preferred————1•
12%
12%
General Fireproofing common
—*
Gen Gas St Elec $6 preferred B
•
General Outdoor Adv 6% pfd
100
General Public Service $6 preferred—*
Harvester
13% Mar
13%
Jersey Central Pwr A Lt 5%% pfd—100
9V8 Jan
87% Jan
co
preferred
Gleaner
6,400
13
,
99
Royalty.
——1
Fireman Mfg voting trust ctlq—*
Jacobs
Jun
7% Aug
Gellman Mfg Co common.
General Alloys Co.
Gen Electric Co Ltd-r-
Gilchrist
31%
25%
-•
Italian Superpower A
Jun
77
Corp common
Power
20
Oct
55%
——*
|f
Mar
6% July
Jun
29
preferred—106
7%, July
Jan
15
Oct
29
i
53 ft
9,300
19%
Oct
29%
f
59
t
Irving Air Chute.
r
Oct
Oct
2,000
64%
'18
13%
Investors
Jan
,
10%
17%
10% July
17% Jan
27%
27%
—1
34
Jan
:*.v rJ
64 %
__
Equipment
Interstate Power $7
Jun
1%
5%
28%
13
—
Julian As Kokenge Co
uauneau
14% Jari
31%
$3.50 preferred
Home
6%
Garrett
11,500
59%
Utilities Corp com—-15
7% May
7% Oct
5% Mar
24Va Aug
28%
i6%
common—1
(Geo A) Co
conv stock
200
.16%
10
——
>;
St
28%
35%
Iron
Stores
Froedtert
28
7%
Oct
14% Mar
187/a
27% July
Jan
3% Jan
Brewing.
Distilling——....
Franklin
Jan
22%
7%
7%
Fort Pitt Brewing Co
Franklin
22 Va
26
bearer.
rets
dep
25%
26
"•
Jun
21%
1,900
Registered
May
25%
25%
.,.*
non-voting
B
Oct
6%
11
ctfs
—
International
8
5% Jan
2,500
Oct
8%
ft, 40 "
3% May
100
5
*
Co.
Interstate
voting—
Ford Motor of France—
Class
Pox
6%
6%
II
,,
Oct
23%
19%
International
Motor
Class
3% Jan
" Mar
Jun
20
21%
63
Petroleum coupon shs—*
shares
———•
International Products
—10
International Safety Razor B—*
Oct
/
20
Oct
*
46
ft
28
300
,<■
Feb:
33
20%
28%
Warrants
Oct
59
57%
11%
& Warehouse Co—2S
(Phiia)
..It
rets ord reg
of Canada—
dep
7,000
40
5
International Minerals and Chemicals—
'Ford Motor Co Ltd—
Ford
925
8%
6%
38%
Cigar Machine.
International Hydro Electric—
Preferred $3.50 series
International Metal Industries A
Jun
6%
x
56%
100
85%
May
14%
Aug
3
4,000
21
76
Metallurgical————*
Fodders Mfg Co—
———I
New common
1
Fansteel
11
3,300
134,800
84%
78
.21
Brewing
Association
'ft
Feb
10% July
Jan
42 ;
Sep
7 ft Jun
400
45
20
..
International
6 %
5 %
Engine A Airplane-.
$2.50 conv pfd-
Federal Compress
10%
Sep
106
—
Oct
39%
May
Sep
30%
Oct
3
48% Oct
17% Oct
7% Mar
900
13%
13
Falrchlld Camera A Inst Oo.
Fire
3,700
—
Falrchild
Palstaff
33
*
Chemical Industries—
Am dep rets regis
—
Imperial Oil (Can) coupon.
Registered
—;
Imperial Tobacco of CanadaImperial Tobacco of Great Britain A
Ireland
—J61
Indianapolis P A L 5%% preferred-100
Indiana Service 6% preferred
100
7% preferred-——
100
Industrial Finance ▼ t c common——1
Common
»1
7%
preferred
100
Insurance Co of North America——10
108% May
Jan
43
2,900
7% May
Imperial
Oct
52
Jen
25
34%
Eversharp Inc new common.
3,200
13-
preferred •-
Dividend arrear
Illinois
Oct
1%
38,400
10%
"
50
Jan
40% Aug
44%
Sep
28 V2
Oct
23
5,700
.
6% conv
Oct
10% Aug
2,100
14
15%
Equity Corp cominon
$3 convertible preferred.
5%
17%
fs Jan
3,900
104
450
46%
~
Illinois Power Co common.
Oct
140
Jan
300
5%
42
107
10«
Emsco
Eureka
105%
Jan
17%
5 %
Esquire
Oct
137%
24
25:;y;;
30
27%
27
Jan
28
*
104
9%
Oct
39%
ft
Oct
25
May
113
Mar
300
Oct
Oct
;
ft "
Oct
102
50
>,■
27
130
Oct
18%
Jan
95% Jan
17%
135
—.
22
Jan>
3%
135
Light 2d pfd
Jan
41
12% Jun
Jan
8
1,600
20% Oct
May
30% Jan
45
-
.
69
9%
400
101%
Power St
100
;
Oct
ft; 26%
Jan
52% Oct
17
100
Oct
Mar
26%
104
Huyler's common.—
1st preferred
Hydro Electric Securities
Hygrgde Food ~
Oct
14
14
37
110
Com stk
42% Oct
3% Oct
Oct
47% May
47
May
1,650
1,600
18%
National Watch Co
Elliott
66%
11 %
Option
warrants
Electrographic Corp—
Elgin
64%
51%
preferred
preferred—
Electric
;
650
69
26%
preferred
purch warrants.
$2.25
Sugar
preferred —
Easy Washing Machine
Economy Grocery 8torei
Electric Bond A Share
$6
5,300
ft:
66
66
$5
$5
150
3%
3%
69
preferred series A-.
preferred series
July
Oct
39
26%
Corp
Co-
Hummel-Ross Fibre
Hussmann Llgonier
3% Apr
8,600
3%
3%
'550
38%
26%
Oct
30%
ft' 71
ft;,
;
,
124
preferred
Oil A Reflnln;
Oct
8
«'
120
Oct
Aug
10
Jan
14%" Jan
'25
r;
ft
14%
108
Jan
9% Jan
150
20'A
40%
(Harvey) Inc
Humble
3%
23 %
20%
38%
Corp
Stores
19%
33
1,000
8,600
14
23
Hardart Baking Co
Hardart common
preferred
..
Howard
Cast Gas A Fuel Assoc common——*
.69%
13%
Horn &
5%
"ft
500
28%
67%
ft..'
ft* 5%: Jan'
2,800
Horn &
Oct
5 %%
Eastern
10
(Geo A) A Co common—
(A C) Co common
Hubbell
6%
8
-High
LOW
ft 11.'Jan
103% Jan
140
27%
Bangs 81nee Jfanuary.lft"
ft,/;
106
Inc
Border's
UViuv*
9% Aug
8% May
3% Jan
5%
5%
14
Sep
11% July
12%
11%
1
common
Sulphur-
Duval Texas
Jan
Jan
Aug
ft
..
104
104%
Hormel
Durham
Duro Test Corp
Oc«
74
Ltd—
Co
15
6%
Duke Power Co
Dunlop Rubber
Apr,
Aug
May
Apr
38%
10%
73
common.
preferred w w
Henry Holt & Co common—
Heyden Chemical common—
Hoe (R) Si Co class A.
Hollinger Consolidated G M.
Holophane Co common
—
Apr
10% Oct
Low
.
5%%
28 %
15
•
*
10
Ltd
Co
Co
Heller
for Week
Shares
Range
of Prices
Pot
;
Feb
5%
Apr
67
10%
72%
Co Ltd———*
Chem
Textile
Am
1
High
Low
84
a/vvv*
Dominion
Dominion
Driver
BangeBlnee January
f
Last
Sale Price
25% Mar
Coal B—-----
&
8teei
Dominion
Sales'
Week's
Friday ft
.ftrft-ft
Tork Curb Exehaage
New
Bridge Co Ltd
Dominion
Draper
4%
—1
Domestic Industries class A com
/V'
High-
Low
-
OCTOBER 2G
STOCKS
Sales
for Week
Shares
Monday, October 29, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2042
14%
Jan
11
1
J
Oct
15% Aug
,
x
;
Consolidated
Mfg
Co.—
/ft: 4%
;
1
•
•
*
28%
175
:
3%
26
168
ft
4%
29%
175
1,600
2 Va Mar
Communication
Co
Ltd——
Oct
t
Oct-
:
14Vi
Jan
10
104 .v
Jan
175
Oct
17
Mar
18
Mar
33
Jan
40
Oct
Marconi Internat Marine
Margay Oil Corp
4Vi
ft 29%
900
5% Aug
20
Mar
6%
29
Feb
Mar
ft
;
!
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4433
162
Volume
204|
NEW YORK CURB EXCHANGE
BANGE FOR- WEEK ENDING OCTOBER 26
Friday
Sales
lait
New York Curb Exchange
Week'a
Range
Sale Prleo
STOCKS Vv:.;;;,;;-
ef Prices
for Week
Shares
Low
McCord
pfd.
6%
/ :-w/;
.loo
153/4
1,000
50
160
19%
7
7
20
60
•1,500
7Vs
73/4
144
_63/4
7»/3
1,400
7%
.1,700
100:
1
~63/«
_25o
6%
i
160
Apr
'."45
Oct
21
Oct
Oct
7%
.
Jan
3 5/8
6ct
,:./76:-/: Feb.
110
.7,
Jan
Jan
7% Feb
-
7 3% Jan
15
preferred
Feb
270
-4% Jan
3%
.100
Textile Corp
Jun
18
: Jan
.
19,000
6%
7
,
Mar
16% Oct
45
91
y Jan
713% Jan
600
~5%
73/4
95
Mar
12% Jan
v
1,900
160
Messabi Iron Co_
Participating
16
215
for Week
Shares
Low
F«r
Range Since January 1
High
Low
High
12% Jup,
:
Jan
7
36
v.;
375
15%
210
1£%
Warrants,
,
6%% A preferred—.
Metal
44
7: 5'/2
Memphis Natural Gas common.
Mercantile Stores common——
Merntt Chapman It Scott
Jan
7% Mar
95
10,600
Range
f< Prices
13% July.
2% Jun,
,:7> 1
600
V
UK
Bale Prion
New York Curb Exchango
High
8% Jan
2,900
mr-i6%
215
& Co
1,000
2Va
43
Dredging
Johnson
12
Low
:
16"/*
common
preferred
McWilliams
i
'
V<~\
*
Corp
$2.50
Mead
.»
Harris common—
Massey
McColl-Frontensc Oil Co
12%/
11%
Association ftu.
Mass Utilities
,7
11%
1%
11'/?
Marion Steam Shovel
High
Sales
Week's
Friday
STOCKS
¥
Range Since January 1
v;!: 8% Oct
Jan
v
Jan
77
51% Aug
24
Pacific
Can Co common..
Pacific Gag $ Eleo Q% 1st pfd.
.5%% 1st preferred
'41%
Paolfio Lighting $5 preferred
Pacific Power & Light 7% pfd——100
Pacific
public Service....
$1.30 1st preferred
36
8
100
x223/*
Jan
26% Oct
26%
29
150
8
26,600
.;t>
11%
12%
12%
12%
12 %
223/4
; 22%
22%
12
Veb
115% Aug
93/* Oct
7%
.
109
,
Jan
26%
'
38% July
7
27%
26%
•
Pan
104% July
107% Sep
20
42% Apr
Jan
Jan
100
9%
9%
25% Oct
143/4 Jan
110
112% 113
"9%
—™—•
Page-Hersey Tubes new common.
•
American Airways warrants..—Pantepec Qil of Veneauelg Am shs.—Paramount Motors Corp
;
1
Parker Pen Co—
....—10
Parkersburg Rig & Reel———.—1
yPatcliogue Plymouth Mills
•
38
100
41%
37%
107
106
106%
200
1,100
24
40%
37%
29
Sep
5% July
8% Jan
25
40,000
1,700
Oct
9% July
15% July
>
—V
"
•
-»*•
•
15
Oct
333/4 Jan
54%
Oct
18%
23 y« Oct
50
8Va
Jan
Jan
Sep
44%, Jan
58
40
■;
43% Oct
■
7 7
Michigan Bumper Corp..
Michigan Steel Tube.
Michigan Sugar Co.
14%
2.50
_
j
1
221/4
"3%
3%
17 %
17%
173/4
14
14%
Midland 8teel Products—
$2 non-eum dividend
shares—
Co common
Abrasive
w
0
Co
5%
5%
L
—
Society
Loan
Montreal Light Heat
Mountain
Co
common
.May
5
Jan
Feb
17%
16
103/4
500
1%
5,300
22%
68%
7%
1
20
23'/4
5,300
603/4
68%
1,425
73/,
8
6,500
85%
.8.7
Oct
Mar
8%
213/4
123/4
10%
3%
110% 110%
7%
7%
140
Penn Traffic Co...——2.3G
Penn water & Power Co..
"
Co
new
Perfect Circle Co
Philadelphia Co
common..
Pbila Electric Power 5%
Pierce
oommon—
68%
Oct
8%
Oct
88%
Oct
Pitney-Bowes Inc
7
Mar
::
13
105
Sep
Jan
13
32%
Oct
433/4
National
Steel
PlUs
Bess
135%
Car Ltd
National Tunnel & Mines common
National
Union
Oct
Oct
Pittsburgh Plate
Pleasant Valley Wine Co
10%
Jun
Plough Inc
3%
Sep
Pneumatic Scale common-
2%
Jan
10%
Feb
13
,193
May
22
Apr
1,200
110
38% Jan
2%
7,000
1%
7%
2,500
45
6% Jan
323/4
Nelson
Corp
(Herman)
"5%
Jan
Sep
„3
Polaris Mining Co..—
& Alexander
Power Corp of Canada
New
St Arizona
Feb
30
May
xl42
Sep
Producers Corp
Jan
27%
Oct
193/a
200
13%
Jan
Prosperity Co class B—
20
Oct
Providence
16%
2,700
10
Jan
17%
Feb'
24%
v
,
9
<
.105% Sep
Premier Gold Mining
Prentice-Hall Inc common
Pressed Metals of America
Y
N
Y
N
Y
N
Y
N
19%
20,200
33%
21%
7,900
14%
14%
14%
8,100
15%
13%
15%
600
•
v
i,,
15%
14%
14%
2%
23/4
4,100
6
6%
8,200
6
May
109
110%
230
107
6
143/8
15 I
14%
-300
33%
16
"93%
15%
Oct
30 v Oct
16% Oct
9
19%
Y
81
113
Aug
15%
May
Oct
8%
Jan
17%
Oct
Jan
10%
Feb
83
25
6
Jan
93/4
Jun
1,325
/
63
Jan
84%
Oct
1st
N Y State
Water
Y
6%
5%
7
1st
2d
Class
6%
Service
71
73:%
preferred
preferred—
7
B
Voting common
Railway & Utility Investment
Rath Packing Co. common
Red Bank Oil Co
Reed RoUer Bit
Jan
30%
Sep
Reliance Electric Si
75 %
Oct
Rice
63
26%
:•
Mar
6% Oct
48
Jun
2s/8 Mar
;
Mar
x5
Mar
100
12
Jan
18
47%
*250
30%
100
16%
Jan
17
183/4
200
9%
Apr
22%
Nipissing
Stix
Dry
Engineering
22
Goods
warrants
Radiator
Richmond
Jan
B
2,150
89%
Jan
May
7% July
114% Oct
82
Jan
107
;
*
180
%.
100
1,000
153/4
153/4
2%
2%
253/4
.4%
Rayon class A———•
♦
common—.
28 ;
Northern
States Power class A
Northrop
Aircraft
Inc
:
43/a
.
',•:
4%
108
44%
1,525
19%
28%
26,700
11
34%
35
—
,
V/'v
^
'
'■ ;■
;
7 48%
Oct
.
6%
7
Jun
7% Mar
18% July
105
Jun
110% Mar
34% May
145/4 Mar
300
44% Oct
28% Oct
6% Aug
26% Jan
,
6,600
11
36
Oct
Oct
,:
preferred-
Ohio Public. Service 7 %
6%. 1st
1st pfd—
5
.*
preferred—.
31%
31%
118
v
Oklahoma Natural Qas common—
Oliver United Filters B
119%'Sep
Overseas Securities
,For footnotes see page 2045.
—1
6
Jan
Jan
6% Aug
17%
18%
900
,10%'Jan:
Oct
13% Mar
1834
Oct
17%
Jan
76%
Jan
156
Jan
102
*
Oct
Oct
143/4 Oot
165
Jan
-
5
Jan
1%
Jan
Oct
22
;l% Jan"
153/4
850
Oct
2% Jun
Feb
800
>;
,
601
/
2
333/a
29% July
22% Jan
42%
56
1,100
22%
-3 0 01 01
23%
25%
26
203/4
3Ya
Apr
17% Aug
1% Sep
313/4
31
■31%
500
235/8
/
Jan
23%
Jan
19
1,500
v
Jun
26% Mar
Oct
343/8 Oct*
Aug
14%
IV2
2
2
Oct
7
2,000
3%
Jan
7%
Oct
1%
■
2
6%
1%
6%
1
22
950
:
Oct
May
Feb
39 y»
'
Yi
26
2
61,300
%
Jan
2
Oct
105% Aug
109
May
Jan
15
May
¥■
105»/8 106
105%
•-.% Jan
16,000
•
> 4
14%
14%
17
510
12
100
19
7
19%
Jun
600
16 %
22%
400
;
20
;
12%
Jan
Oct
7%
7%
7
3,300
19%
300
24%
275/B
10,900
18%
7%
18%
73/4
6s/«
5%
,
73/4
——-
6%
53/B
.
6%
•
7-43/t
200
3,300
2,700
6,700
19
7y8
18%
11
ott
8%
.
Oct
19%
6% Mar
18% Feb
18 Va
—
Aug
Jan
23/4 Jan
17,900
83/8
5%
27%
Class
St Regis
Salt
115% Mar
-
5%
33%
283/4
34%
..5
prel-
Paper common
Dome
Samson
9%
8%
93/a
7%
63/e
_1
Oil Co
1
United Corp common
Savoy
Co
Schulte
common.
(D A)
10% Oct
18%. Oct
•
7%
7
preferred
Manufacturing—
Elec $6 pfd——
Scranton Spring Brook Water Service—
Convertible
6%
2%
118
3%
39%
3'/4
^5%
common..—
.
6'/8
*6%
8
Oil Co
Schiff
7%
7%
.60
Ltd—
$2 conv
A
39%
6%
5
100
43%
Scovill
Jun
275/s Oct
19j/4 Mar
19
Oct
Jan
Jen
Mar
10'/s
6% Aug
5
Sep
3 % Mar
Jan
9
Jan
5%
Oct
125
433/4
30,600
16,500
41,200
14,100
1,700:
19,300
300
141,600
5,875
200
2%
16 %
7% Oct
Oct
9% Oct
10% Jan
Jan
Jan
34 Vi
5% Mar
5% Aug
8y4 Feb
5ya Mar
2Va
22
3%
70»/2
43/» Feb
Sep
Oct
6% Oct
Oct
Jan
'40
Jan
Jan
125
44% Sep
34% Mar
111% Mar
116
Aug
Bcranton
preferred—
:
(R
B)
Inc
Sentinel Radio Corp common,
ttentry
gaiety
115% 123
122%
Control———
630
88 Va
Jan
-43/4
200
10% Jan
4% Oct
58>/4
593/4
200
42% Feb
3%
4Va
11,500
16%
17%
2,000
27
27
16%
17
—
4y4
1
—
Semler
117% Jan
1153% Oct
110% July
29%
.
,39%
19
Oct
112% Aug
10
7:
1%
22% V.
8%
Oct
32% Oct
15
•
.1
23
13%, Aug
123,000
i
36%
;
22
77
10
Apr
22% Jan
30
31%
118
>
700
5
21
19%
39;
Feh~
150
115% 115%
.
850
Jun
IIOV4 Jan
Sep
Jan
19% Jun
Segal Lock & Hardware.—
1
Seiberling Rubber common.
—-—*
Selby Shoe Co—.........
-----Selected Industries Inc common—1
Convertible stock
—-J
$5.50 prior stock—
...—-38
Allotment certificates,
.5%
4%
4,500
—,—100
Omar Inc..
100
10d
St Lawrence Corp
$0
•
Ohio Power
Aeronautical Oo.
Scullin Steel Co common
Securities Corp General
Seeman Bros Inc———
o
Ogden Corp oommon.
Ohio Bras& Co class B common.
16%
Oct
Oct
10 ye
39%
17%
-14% Jan
105
800
May
118 V4 Jun
May
Mar
10%
112
5% May
136
48
283/4
44%
>28
Jan
Mar;
56
—1
;
2% Apr
Feb
100
7,900
V
v
193/8
39%
Roy all te Oil Co Ltd
Russeks Fifth Ave—JL-
Sep
108
1% Jun
10% Oct
52
-;:••■
—
Ryan
11% Mar
993/4 Apr
106% Jan
16% Oct
8% May *
7 225
183^
153/a
32
Rotary Electric steel Co
Oct
36%
10,000
v
100
Oct
13% Jun
Apr
16%
23
33/4
2
Ryan Consolidated Petroleum.—.
Ryerson St Haynes common.
1% Jan
5% Jan
78
Mar
106%
19
14% V.
Works
Metal
Petroleum Co——7v $1.20 convertible preferred
Root
Oct
51%
400
17%
.100
Roosevelt Field Inc
Oct
Jan
Jan
•
90
19
Oct
353/4
7
Oct
•1% Mar
% Jan
10%
190
common—
%
-
20
7
15
Art
Ronson
Corp
Oct
:200
'
17%
Cable
153/4
121
100
v
.
54
yfd D—
17%
1%
■
4,000
10%
12
2,300
24,300
Rolls Royce
10%
Jan
19% Mar
34,100
500
;—25
—•
Corp
54
■
•'
46
45%
'
——
//
1V4
13 y*
163% 165
19
1
t c
Jan
2
19,800
5
47
47
-.7
45%
,
3,800
15%
15%
5
J
123/4 Mar
100
23%
133
4»A.
130
■h
6% Mar
1334
4,800
153/4
1,
Feb
90
Jan
16%
pripr preferred
——5Q
North American Utility Securities
*
Northern Central Texas Oil
8
Northeast Airlines
—
1
North Pepn RR Co
50
Northern Indiana Pub Serv 5 % pfd—100
Northern Natural Gas
——20
Novadel-Agena
!'-•
110
Jan
310%
6%
45
Jan
Jan
13
Inc
Ltd—
dep rets for ord reg—.—--
Rome
3%
934
27
July
11% Jun
1-iV Jan
51
50
10%
165
Roeser & Pendleton
64»/4
16%
1
Class
Rochester Gas & Eleo 6%
21% May
14% Aug
106% July
10
93%
Power common—1
27,100
75
14%
Richfield Oil Corp.
50
Sep
23% Mar
2,740
111% 114%
105% 107
—
31
200
13/4
7
l'/a
125/8
15%
-1
*
8
*
Co
Sep
84,600
16 %
<
preferred
North American
83
63/4 "... 7%
5
North Amer Light &
$6
109
58
I
-
Mines
Electric
Noma
109
8
Nineteen Hundred Corp B
44%
'8% Oct
22
Apr
111% Jan
10
1
—10
A
20%
3,900
83/4
%
com
Jan
R
Sep
22%
warrants
class B
Jan
Jan
107%
Radlo-Kelth-Orphenm option warrants.
Railway Si Light Securities
'
Oct
400
•
optional
Niagara Share Corp
3%
12%
s
Jun
17%
7%
Niles-Bement-Pond
6,100
1,800
798 7 100
.100
31
45
114%
7%
18
126
15,700
83%
—100
...100
,
20% Oct
143/4
1%
.1$
Jan
40
68%
Jan
20%
Feb
21% Jan
1,900
6%
4%
10
16 Yu
18%
106
110%
*170
29%
6
100
pfd—
50
a,
1ft
15
—10
Quaker Oats common.
6%
preferred——
Quebec Power Co,—
Am
Hudson Power common
20%
75
preferred.
Puget Sound Pulp & Timber...
Pyle-NaUonal Co common
Pyren# Manufacturing.
Oct
25
100
preferred—-,
Oct
6% Apr
Jan
-
Raymond Concrete Pile common——*
63 convertible ureferred
•
Raytheon Manufacturing common_.80o
Shipbuilding Corp—
Niagara
156
Jan
4
13%
6% Jan
•
7%
124% 126 *
18 3/4
7
7
Jun
300
29
1
Electric & Gas $5.10 pfd-100
1,400
—100
1st preferred—
14%
shares.
14% Mar
117
Jan
800
.
400
25
44%
13/4
75
153/4 July
2% Oct
.
Jun
.400
9 7
9
Jan
1%
1,500
93/4
93/a
10
Merchandise
.
•
Oct
Apr
Oct
Jan
11% Apr
Sep
Jun
7 14%
Jan
2%
11
16%
1,400
.
Jun
23%
V
:
8% Feb v
14% Jan.
,
15
City Omnibus warrants-.—.
—
Honduras Rosar'o
——10
Jan
39% Mar
«
Jan
11
200
29, 7 29
15% Jan
5%
:
38
19% Aug
y,■
25%
;
39% Mar
•
10,850
173/4
10%
6%
$5 prior
Jan^
2% Jan
33% May
.
100
33%
20%
&
Founders
N
—
*
Feb
13% Oct
45% Oct
78yc May
30
Oct
Jan
43
04%
Oct
6%
Gas-
Common
: 100
24
5%
;
—,—*
Auction Co common
Jan
3% Apr
25
5%
v-7
7%
—1
*
of Nevada
Rio Grande Valley Gas Co v
N
4
450
30
14
87% Jan
18
Aug
; 8% July
8
Oct
Aug
Public Service of Colorado—
Jan
21%
73
Jan
x8%
5,700
Sep
May
14 Va July
v32% Aug
7% Jan
•
18
4%
1
Land
New Process Co common
30
6,500
45%
5%
•25
183/8
*
——l
•
1
& Lambert Co
Pratt
129
24
-25
Jersey 7-inc
New Mexico
:
26% Apr
14,100
743/4'
19%
25c
8
89
•
Inc common
525
24%
25
Powdrell
10
150
—
New Idea
18
500
146% 147%
5%
10
15%
126
45
73%
275/8
7.50
900
27%
141
—
—
Jan
11% Jan
11
Jan
45%
147
common.—
18%
82
34y»
1,000
500
8
133/s
11
73%
—10
263/4
27%
143/8
8V4 Sep
813/4 Oct
53% Sep
2,900
~6 7;.v
£: 6%
133/8
—25
1
Glass
26%
141
«—*
*
New England Power Associates
—•
6%
preferred—„
—100
$2 preferred
•
New England Tel & Tel
-100
New Haven Clock Co
•
Sep
18
80
Sep
Apr
July
27%
Neptune Meter class A
Nestle Le Mur Co das? A
<
Jan
'
179
850
2%
100
0
preferred
33
46%
V
Oct
Feb
18% Mar
13
20%
7%
3Co
Radio
Nebraska Power 1%
32%
1,400
14
Jan
32 7
125/8
57
135/s
31%
50
Jun
1,000
7%
1
13
31%
Jan
600
16%
7%
L K Kft
61
4%
24%
1,700
,
•7
2%
—*
*
—12.50
Machinery
Rubber
National Transit—
112%, July
107 Vt
3
44
153/4
:> 14
•
Pittsburgh & Lake Brie—
Pittsburgh Metallurgical
N
National
46%
81%
48%
15%
2
141/4
Jan
.
8% Oct
83% Oct
63
Oct
4% Sep
115% Jun
100
473/4'
Piper Aircraft Corp com—
Oct
1% Jan
.60
•
5o
•
National Bellas Hess common
—1
National Breweries common—_——•
7%
preferred
25
National Candy Co common
8%
National City Lines common
50o
National Fuel Gas
——*
National Mfg & Stores common
1
National Refining common
——1
Mar
1% Jan
109% Sep
200
80
Johnson Ltd Am Shs—...—
Pioneer Gold Mines Ltd—
.1
10%
12
—
1,900
1,035
V
Jan
Mac
47
Pinchin
Governor
1%
Corp
78
50
803/4
Puget Sound Power fc Light—
Nachman
3%
110% 110 %
h 7%
•
...
pfd——28
•
Oct
7
5,800
181% 185
263/4
51%
81% Jan
Jan
5%
175
3'/8
...—1
23'4
9% Apr
3: ./Feb9% Aug
193/4
•
83%
51%
•
—
Pharis Tire & Rubber-.-.
Co..
Aug
Mar
29
83
20
common
Pniiltps Packing
7,200
.
10%
12%
Mfg
Oct
43/8
4%.
185
19,250
110%
46
7,400
14
7, 8%
110%
43/a
3% 7 3%
41/4
8%
Penn Gas It Eiec class A com—-—*
Power & Light $7 preferred.—*
$6 preferred
Penn
■
Jan
50
8%
14 /V; Aug
100
24%
Oct
43%
Feb
11% Apr
35 Vi Jun
Jan
Jan
3%
?25,
.
31
133/4
32%
39
■7 f 4 77 jun:
"
.104
31
¥
28% Jan
2% Feb
27
-*-*
2%
*
——..—100
preferred
,6%
1,900
10%
•
common
Muskegon Piston Ring
Jun
23
7
Oct
23
10% Aug
550
3%
.
"3%
Mountain States Tel & Tel—-—100
Murray Ohio Mfg Co
Muskogee
11 v
Oct
14
2% Aug
...
—10
Power
States
38%
>
*4
——•
& Power—
Producers-
Mountain
3,100
3%
..
15% Aug
2.200
4
.
33/4
—10
City Copper common
Mountain
18%
v
241/s
Investors partic pfd
Moody
Jan
1
1
Ward A
Montgomery
12%
.1034
—1
com—5
A
Utilities new
Montana Dakota
4,000
.
•
Mojud Hosiery
Molybdenum Corp
.
Monogram Pictures common—
5 h'2 %
conv
preferred
Monroe
225/a
100
pfd
Public Servi"e common
Missouri
7'
38
1
common-
&
P
•'
Jan
20%
3%
-
Minine & Mfg
Minnesota
Jan
8%
726 % Mar
—.*
*
50
10
*
conv
Minnesota
1V«
2,800
.' 43%
Peninsular Telephone common..—*
$1.40 preferred A
—28
Penuroad Corp common—
—1
Pennsylvania Edison Co $5 series pfd.*
> $2.80 series
preferred..
.*
Pepperell
preferred——!
——50
Mining Corp oi Canada
——*
.
30,100
87
Co__.
Midwest Piping & Cupply
Mid-West Refineries
Wohl
3%
133/85
:
Mid-West
Miller
3'/8
12%'
.
$2 conv preferred--*
Midland Oil.Corp
7% Sep
715% Oct
7
».8% Mar
,
•;J7Sa
7
18
Corp
West
3.
17,000
.—
Class B v t c——
Oil
t77 450
3'/?
123/4
Petroleum class A v t c_l
1
—1
common
.——8
Middle States
Midwest
141/4 .15
•
______
:
Micromatic Hone Corp
Midi ale
.
10
Preferred-!
Middle
6%
4
175/8
27
'
2%
2%
21
22
94-
96%
173/4
Jan
1 Va
Jan.
3
Jan
Oct
Jan
22%
Oct
450
82^% Mar
953/4
Oct
99%
250
83 V%
Jan
2,200
6,606
14%
Apr
28
'7%
1%
4% Sep
17% Oct
27
Oct
Jan
9%
14,000
1,400
■
2%
2
19
3
22%
.7%
TVs
50
'95%
25 Va
26%
1,200
124% Oct
18% Oct
8'A May
59% Oct
-3
32,300
,12
6% Aug
11 Jan
.
99% - Oct
28y* Oct
.7% Oct
3
OCt
,
EXCHANGE
NEW YORK CURB
Sales
Range
for Week
of Prices
Shares
Last.11
Curb Exchange
Sale Price
Low
J
400
Scion Leather common
8%
10% Jan
18%
6,600
18%
3%
15%
700
/
111
'102 »/4
J11/
30
'
15%
15%
Co common
Bimmons-Boardman
Bilex
'
10
600
Publications—
$3 convertible preferred
•
Simplicity Pattern • common—
—1
Singer -Manufacturing Col
.100
Singer Manufacturing Co Ltd— - •
Amer dep rets ord regis.——-—£1
Sioux City Oas <fe Elec l°f* pfd
100
Smith-(Howard) Paper- MUIa+-.~*-—•
Aircraft
Solar
Manufacturing Co——
Corp—-
Solar
j
WVWVM .» VMM
:
Southwest
5%
31
1—.-*.10
i
2J
25
j*" 6^-preferred B—
•>' 5%% preferred series C-.—
t.
-25
.
England. Telephone—100
Phosphate Co10
Pipe Line———.
——-10
Southland Royalty Co—
—ft
Southern
10%
•
.
68
i Standard Cfil
(Ky)
:
8%
i
6%
.
—
/:
>'
5%
5%
26%
20%
20%
:
—1
21 %
Standard Tube
16%
-1
17
4% .'"4%
(A)
k Co
<
5%
2d
Sullivan
Sun
//; 6,300 :
15
il 20%
7%
7%
20%i:
•
"
7%
Mar
Apr
.11% Jaii'
500
20
7%
■
18%
1
200--
18 Va
17%
16%
17%
Common
Class.A
:
300
V
,
9%
•
-
-
-5%:-
-
24%
9%
20%
10
100
-
-
-
~7% -*7%
—10
18%
—2
9
1
uC.
9%
r'
1,200
$2.50
11
23
24%
30
14
1,000
.
7%
'
Week's Range
or Friday's
Bid A Asked
Friday
Interest
Oct
American Oas k Electric
10
•
■
3 %
Oct'
■
,
2%s
21%
Co.—
Last
Sale Price
12
.
Jan
Jan /
,
-550
19% Jaa
1.400
--14%. Jan
|
f
/ -/
f hens
rich*
«_
Pow
k
Amer
Writing
-
Paper
U02
J-J
—
2,400
Sep
Sep '
Oct
Apr
57:/:
10
Sep
15%
& Allied
Product
Elec
k
Gas
AConv
deb
deb
./*
■
4%s
•27%
Jan
19 Va
11
101% 101 Va
126/126
J-J
102%
J-J
;
109%
110
/
126
109%
;/•••'••
.'
Oct
9%
Jan
29,400
13%
Sep
17%
Oct
Bethlehem
26
Jan
41 Va
Oct
Bickford's
15%
Sep
Boston
50 ■'«
10,100
8%
1,800.
•
*
•
92%
116
■~2%
_
Corp
■
96
116
.
warrants
•'
1%
j
;
:•
•
111
10
12,200
44 Va
.47
:
" 25/«
2%
10%
12%
14%
12%
preferred
14%
Inc 6%s
1962
A-O
1112
1st
Oct
6
Realization
Jan
15
Jan
2%
I2V4 Mar
Union
6,100
Corp
Oct
Gbs
ot
Cabana———
65
15 %
uorp
16%
126%
125% 126%
lBt
10%
United
preferred
Shoe
i
Machinery
10
common.:
25
10%
81'/4
46V4
15%
15%
15%
15%
17%
5,800
Oct
General
;
United 8tores common—
United Wallpaper, Inc.—
•
•
—1
—•
17%
2
ley.
/
18%
2%
99%
~i%
8%
8%
4%
3%
"4%
4 "
4%
Jan;:
16
Oct
Hygrade Food 6s ser A.
45
8
Jan /
;
Jan
286
T?
f*
20% -21
17%'
-~.4%
Mar
May./
series
6s
Oct
Oct
Ellnois
•4%
—,
4%"
200
,
4,700
Jan
lien
ref 5s
St
.
L
k
P
series C
(Dec 1
A6%8
1
A6%s
A 7s
Apr
Oct
Oct
20%
'/
4%
Jan
Jan
Oct
Oct
9% May
Jan
"1% Jan
4%
18
12%
4 V*
Jan
2%
99 Va
:Jan
3%s
(Aug
series
./
coup)
Mar
Jan',,
Sep ' tFeb
Jan
32
JW-S
66%
66
67%
39
383/4
39
1941
106
•
63%
8
106
J-J
U-S
80%
50%
105% 106
104
108
124%
69
106% 106%
U27% 1273/4
106%
F-A
127 Va
90
90
103%
106%
101%
101
102%
58
58
106% 107%
45
104%104%
—
101
—
107 Va
s
J101
74%
„
58
107%>
105%
1106% 108
J-D
J-J
/
104%
92
101
67
74 V*
77 »/a
106
...
A-O
106 /
1043/4
106
105
A-O
105
1043/4
106
Oct
A7s
104%'
103%
-1970
/.
1955
1955
U-N
F-A
104
.1952
'■:Cs;
tlOT
J-D
1
52%
•
J-J
.1952
J-J
943,4
.196b
J-J
48 ;
100% /:
Jersey Cent Pow As Lt 3%s^.
Power 3%s.
—1966
_2022
.—1969
Kansas Gas & Electric 6s_
Sep
y
Kahsas Power* & Light 3 %s
6%
Feb
Oct
...317% Sep.
Kentucky Utilities 4s_
Lake
—1970
Superior Dist Pow 3%a
McCord Corp, 6s
stamped—^,
—.I960
1948
31
63
■
V
37
60
/
63
/
4 ■• ;.
97
102
95%
61
37
"
105%
V
107%::
'108% 108%
J-D '
'
A-O
F-A;
115%
108
105 Va
120^
,112 .I
106% 106 Va
105%
107%
+
-
J-J
J-J
60
71
-39
15
-106% 106%
M-S
Kansas Electric
Apr
48
62
63
37
31
79"-•■;
':/•:•
95
46
V
3
Oct
18
94V4
/
Sf';;:
~3
•^/>'
ioo3i 101%
s
MS
24%
t
■
28%
' *
'
'
.1965
Sep
'
53
50
■
52% •;;f
50
J-J
.1957
6s
105
109
■)'**!
30 V <
'rr:
50%
/
104
102%
106
Lj;'- it:1/;52-¥52~
ZZ
F-A
.1952
6s—
Superpower
102%
-108
/•j. .'!f
5s
Power
Debenture
102% 105%
/ 104%-
103% 103%
104 <
104
.
(July 1941 coupon).
Interstate
A Italian
Af-S
.1957
coupon).
F
8V4
25
106
33
9
J-J:
1957
E
series
A7s
A 7s
1941
5%
..
101
Af-S
-
—1957
5S—
•International Power Sec—
Feb
Oct
18 Va
Apr
iy8
_
2045...
102%
—1950
1963
5%s series B
Seivice
Jan
16
.
21Va
r
120% 124
121%
J-D
Jan 1949
Indianapolis
50
Mar
4%
*
121% 122
101% 102%
A-O
F-A
>
Co—
'
83
200
r
18
109 %
105%
J-J
—1958
B
Power
& ref
1st
Jun
113/4
"
13 y8
5,200 "
110
106
J-D
Jan 1949
Jun
81%
26
Universal Insurance
Universal Prntuccs Co
page
7%
2%
8y» Mar
7,100
.
106%
107
107
v' July
96%
"
—.
see
v22%
Jan
/Feb
9
1.000
I
•
103%
1953
Grocery Store Prod 6s
Guantanamo Si West 6s—
2,100
7%
"7%
1
106 Va
104% 107
104 y* 104%
1948
A
Pow 33/4
Mountain
Green
Oct
73% July
44
" Feb'
" 5,300 '
.
103%
106% 106%
107% 107%
1950
1963
Oct
"9
>'*■ 300
105% 106 Vs
106%
_
Oct
1 %
3.600
2%
97%
•?'2%
103% 106
105%
J-J
5s
Serv
Pub
AGeneral Rayon Co 6s ser
27%
-
6%
'
92%
•
!
A-O
3%s A
Power
Grand Trunk West 4s—
"
8O0
Universal Consolidated Oil
Universal Cooler class A
For footnotes
28%"1 Sep
"-Feb^;
14Va Mar
<
68
103
—i—....—1961 ■.;.
stamped •:
/:/ 5s
127
140
/
■
104%-
104
Bank—
7Va May
-17
86
1,400
163/s
85%
85%
I "59
J-J
203b
1956
5s
■/■" %
2,775
1
91V4
RR—
& RR 5s
Residential Mtge
Gatineau
93/4
650
79%
48 3/4
ft
U S and International
Securities
BC
10
79%
1
.
$5 1st preferred with
warrants
U S Radiator common.
U 8 Rubber
Reclaiming.
Class
Finland
Jan
1,700
10 %
'
2ft
United Specialties common
U 8 Foil Co class B.
U 8 Graphite common—
'
Water Lt
Elmira
8% Sep
/
Light
k
Power
Electric
Oct
Feb
275
Preferred
105 VA
58%
J-D
Fuel 3%s—.———1965
Jan
~100
2%
112%
1 102%
9
of N J Division—
*
2%
J-D
2%« ser Q—
—1970
(Bait City)—
Eastern Gas &
1st
2%
121/
118
.110%
78%
1053/4
A-O
A—.—.—..1993
mtge 4s ser B...
....1993
Indiana
Sharing.
"
„
Gas
Apr
40
6%
-
108% /
<V;V110% 113%
105% 105'/a
A-O
1st mtge 4s sOr
71
38
6%
105%
76
104%
F- A
(Baltl—
95V2
19,900
United NJ RR & CanalUnited Proilt
29'47/
.igg;: 105
,.
183-/.
113
76%r
;
MS
/
1969
3/64
3,700
United Molasses Co Ltd—
Amer dep rets ord
regls.
3
180
-
90%
76%
90%
—.1958
Delaware Lackawanna & Western
Jun
20
96%
v
Jan 196«
1950
1958
93/4 Mar
33,900 :
participating preferred.
1927
M-S
M-S
1,,
1954
Oct
%
6ya Aug
290
warrants
United Light k
Railways
United Milk Products
H
Feb
4
59
.4,300
United Elastic Corp——
United Gas Corp common
$3
Oct
10
22
preferred
United
200
6%
8
20
United Chemicals common—United Cigar-Whelan Stores.
$5
Jan
% Oct
7% July
300
Union Investment Co—
1 QfrA
mtge 4%s
Gen
Oct
13
4% Mar
2%
>
12,400
Union Stk Yds of
Omaha——
United Aircraft Products
y'■ •
—
El Lt k Pr
ref mtge
-
5,300
—-
■
Continental Gas k El 5s
Jun
15
53/i Mar
•'2,100
—
-s»'
46 y4
'
12% May
300
Manufacturing Co
^
V
75%
75%
J-J
series N——1971
mtge 3s ser P
1969
Consolidated
■
Rights
>
-
103% 1033/4
J-D
;
ref
1st
59% May
Apr
" •
5s-
Lackawanna
Ulen
1970
23/4s.
,!
Gas
3%s
Jan
7%
5,300
Odylite Corp
29-
25
-
-
3
t170
deb
Consol
Oct
Oct
1
6,100
V
46
-
.29%: 46%
-
.1
1118
Q-F
5i.
3
12
•
"
Z
47
118%
M-N
5s———
117%
Jan
35%
,
■
110% 110%
J-D
f
.<■
Debenture
Oct
May
Jan
4
1,400
;
-;29;'/45%':''
>:*■29
142
46%
tl0GV2 107
M-S
'.•/
'
•45%-
1960
Debenture
96
.
Unexcelled
.
131
104 % 104%
•i
1998
EdiBcn
Conv
May
lVo
r'i
45%
20
269
- -
46%
-
44%
6s
C:
Steel
A5 V2S
112
71% Jun:
10,600
•5%*
l.
l1/. Sep
1,160
2% ■:/'3:/V
■
44%
WorkaZI
convertible
•
1957
aeries B
M 5s
series
f A Chicago itys 5s ctfs
Cities 8ervVce 5s—
13% May
1% May
107'/a Mar
Transwestern Oil Co
80c
3%s.1964
A-O
45%
•
45
M-S
1955
-46
44-
46
F-A
—«m.*.1968
—Z—1977
44%
F-A
*'
1950
Telephone of Canada—*
1st
5s
Oct
73
7% Sep
//
96
preferred
Inc
Jan
61
.3% Jan
1,800
129 Va
;92%'102% '
•;
17% Oct
12% Mar
Tonopah Mining of Nevada.
Tung-Sol Lamp
Jan
Bel1
Oct
122
7y«. Apr
180
'
Todd Shtpyaraes Corp.
Toledo Edison 6%
preferred
Trunz
.
J-J
—.1949
45%
.44%
MS
..1948 :•
;
IACentral States Electric 5$——1948
dep rets ord regis—
Amer dep recs def
reg
Tri-Continental
29
108% 111%;
123
Jun
Jan
Amer
7%
33%
:
102%
//10O
21
6;
v-s-
-■
;
-104% 1093/4
•""-71
;101% 102%;;
'
r'
;
110%
107
/
v>:tie
J-D
-
/■/.' :
'
106% 109
v 108 Va"
155
A-0
■
-
Atlantic City Elec
Aug
Sep
Tobacco Security Trust Co Ltd—
Trans Lux
9% Oct
6Va
1
—
'
Co—
4%s
AConv
1,800
•
1 x
Stocks————.*
Exports—
*
i«Low 'High
101%104
108%
108
1961
Elec••■/
•Associated
-
115%
—3
—ft
Tobacco
i
5,700
—
50c
Tobacco
11
5%" Jail
pfd——100
Tflo Rooting Inc
Tlshtnan Realty k Construction
■
'
108% 108%"
'
108%
J-J
1970 1
2024
6s
Elec Pow 3%s
Appalachian Pow deb 6s
25%
f
45
100
1,900
Co -common
January 1
$ol4
No.
- 103
ti07
M-S
2016
Appalachian
25% Mar
Associated-
I
*
common
Range Sinet
Bonds
Low
High
J-J
1QRn
,
V
—1970 /
deb 6s
Lt
Amer
3% July
26% -Oct
31*/4 Jun
AConV: heb
Thew .Shovtl
Oct
4%
j•
■
1950
debs
s
a
33/48
Oct
f
s
ADebentnre 5s
new
-5% Oct.
'
Assoc T k T deb 5%i A
Textron Inc
May
15
;
Jan
'
'
\ Taggart
I!
■
123/4 Feb
.
Jan
-
233/4
950
'"-400
30
23%
—1$
Texas Power k Light 7%
Texon Oil & Land Co—
>
Jan
3
24,700
-
Oct
8%
,
1% Jan
-
—50
Corp common
I < Tampa Electric Co common.
\ Technicolor Inc common
.
.5% .Oct
300.
t.
Exchange
Curb
York
AConv deb 5s__.
1
.
/./8I4 Aug
*»
Period
Inc—-
pfd—-i
.
5/Jan
:>8%Mar
--
Jun
,112
: Aug
8% OCt
-22% Oct.
Jun
,
11
—
receipts—.
BONDS
New
*
1,050
-2%
"22
6% Oct
3% Feb
■
8,900
21%
2%
•
Swan Finch Oil Corp
19
'.
.
1.'^
300 s//
19
18%. Oct
Oct:.
Jan
Jan
6
Oct
.
;24% Oct
ll% Jan
.
-
Jun
16
^
14% July
.300,'.:/
■
40% July
21:
Feb
.110
pfd—100
Oct
4"% May
,,
8,900
10
19
•
i
——'—
:
Jan *;: /
May
.
.<■
-Aug
..
-13-34
200- ./
10
Oct
14 %! July.;i
164/ Jun
36
Oct,
'
7V4-.-7%
■
21%
——
Cement,
25
..
18%
—
Oct-
.
.
27%
24%
41
Feb
-19
22%
Oct /
4% Oct
./•■
Mar-:
9
135
*
12,
6%preference • ——————
Wright Hargreaves Ltd—
Oct
;
—1
Portland
-.20
-
1
23
•:-/
Jan, //'■, 1133/4
111
//
38
■—
.
'
Machinery—
:.
.-i :4%. Jan
:
10,
5,100
38
Oct
6%
5,500
13
155
Jun.:
36%
17
.
.
—300--/ .18-.-Jaa
-
8%
-
155
54% May
18
Oct
-1
Ray Drue Coi
Superior
denoslt
American
Oct
53
Stroock (S) & Co common—
.
73/s
12%
..
,
'
40
9%. Oct'
Oct
.
;/*iV; 20
.114
Jan
Mar
Mar
200
.
4
.
Jan
,
.,
1^00... ./-■. 3,/. Jan
3% .Oct
2,950
v
//
8 V*
113% 113%
Inc.—
Petroleum
Woolworth (P W) Ltd
5
__
>1
Oct
18%
-1
(J B) Co common
(Hugot Corp.
v+,^
Sep
■
26
-1
—
Oct
Oct'
16% Sep
IIV4 Mar
9% Oct
.20
preferred-
Sterling Aluminum Products
Sterling Brewers Inc....
Sterling Engine Co.
Sterling
inc
Stmnes
800
5
■
60
1st preferred-
Oct
Oct
16% Mar
10% Apr
17
11
common
7%
13Va
,
Woootey
Sep
1
-
69
61
•
common-.
6%
Stetson
18
183/4
11% Jan
1U
Jun
91%
'
Oct
Jan
69
Sterchl Bros Stores
Sep
1% Jun
.154
,n.r
Wood all Industries Inc
'1% Jun
Jan
" • y» Jan
2% Jan
33/8 Jan
3,900
69
Oct
.
,
Winnipeg Elec common B
Wisconsin Powei k Light 1%
Wolverine Portland Cement
Sep
22
'
Jan
105
3,500
8%
7%
6
27
Jan
-v-,
■■
k Co
Ci
(R
Products
Wlllson
Oct
•h Jan
■ft Jan
.
Williams
Oct
45
1
8%
Wichita River Oil Corp—
Oct
83/4
'2%
Jan
18%
131,800
(The* Corp voting trust ctfs. -1
Steel Co of Canada
Stein
Oct/
Oct
21
1,100
1
„1
B
123/4
3% Jan
,
50 J
98
>
Jan
200"* ~
35%
;
39%
—20
'i,»t
1,1
arfg> --
Wcyenberg
Oct
43
273/4
1,000
n
class
Westmoreland The*
'
Mar
13,900
150%
Oct
3% July
/i
9 % Aug
3
/: "
1,900
8%
33/4
warrants.
Westmoreland Coal
Jan
74
35
•
—.1.31
•
—8
Western Maryland- Ry 1% 1st pfd—100
Western Tablet k Stationery com—
•
Oct
14%
preierred
$4 preferred
West Va Coal k Coke
Sep
'
3,000
1%
1%
Standard Silver Lead
Starrett
"
*
1 %
iya-.>.
•
OCt
10%
/
Jan
Jun
913/4
.
-54 ^ Jan
V:
60
-
9,200
20 C : ,/•/ v.,400.../,.. ...; 10
501
107
19%
Went worth Manufacturing
Oct;
*
13
il Jan
150
:
144
Products Co.
12
.
AVk May
17
f 2,000
26%
5%
.20
'
.
110% 110%
West Texas Utility
Jun
147ya
.
Jan
5
r.
2,5 60
15%
8%
•
i
Wayne Knitting Mtfl$Jt<
Oct
31%
UVb Aug
x513/» Apr
7,200
37
,:
43
Preferred
Standard
-'
-
Jan
#%
12,300
Common class B
■>
:
2,400
2
31
2'/a
1%
i Standard Power k Light—
v
12%
l7/a
»i./.
«xt—*
.—10C
Ward Baking Co
Sep
49
134% Jan
eWr-100
5,7 00
15%
'
5%.
31% May
S/AB^'Aug
900
73
10%
•
41%
.10
——
40
12%
;
*<%
*
1
—10
preferred———.
$1.60 convertible
68
v
11%.
Standard Dredging Corp common— „1
»'
12%
12%
11%
""
15%
Waltt -de Bond clase A^.
Oct
38
Jan
'H 29% Mar
-200
,
;?/7% Jan
3,000
-7%
85%
11%
■
'
Wagoar Baking voting trust ctfs
Oc t
49%
-
May
30%
*
12%
7 -
84%
7%
11%
Waco Aircraft Ce
Oct
'
Spencer Shoe Corp-v———*
Stahl-Meyer Inc—.......
—
*
Standard Brewing Co
2.78
Standard Cap k Seal common—.
Convertible preferred—
27
2,800
147'/a
10% ;n%:
■
Jan
/
Jut)
11%
^41%'^an-.r'
-600
5,100
100
High
43/4
Mar
yr/r!:t-'Vs:
Manufacturing.
Yogt
7% Oct
42% Jan
500
3
92 / Jan
Petroleum.
Yenezutlan
4%' Oct
'
Jan
4
io
10y«
3%
3%
T«lR*r Corp common
$4 convertiole preferred.
-
;
Apr
10%
2% Jan
%--l50-
47%
11%
50
k Bros pfd—•
(A G>
Spalding
31%
145
.
New
Southern
Southern
Jan
.1/1.7% .jan:v
*/ 1,200
6514
Low
91%
lO'/a
3%
Jun
1
22'
7V4
*—700
>21WM: 31 %'/31%
'Qil i < ' 30%. 30% %:
<
t
6%
20% Jan
1,800
-49%
t
/
6Va Jan
b 370 -;jun
/
Feb
9,900 .
^,950/.
3%'- 4%
88%
r
Mar V;
113
stock
$5.50 priority
/'•
913/4
.
*
SVz
47%
<
36
V '
1
lOo
-1
Range Since January 1
19% July
6,700
-
11%/
6%
.
Ltne^.J
Pa Pips
California Edisoa—original preferred.
Southern
:-Jan
19% July
6,600
1:4% :
10a/4
48%
OIL
Penn
4
•
1
preferred——•
Utility Equities common
•
4%
r
High
Low
10%
•
.
Shares
Sep
July
16% May
4%'-Jan
-
8,500
10%
9%
.1
Manufacturing common
South
17
16
213/4
'26
Apr
110
.1
South Coast Corp common:
•
/
.1
Sonotone
Boss
200
/'
-
1163/4 July
-
'
-1
Oct
Sep
134
'
8Apr267% Mar
-
-
230
-I
Co_.
Apr'/ if;-' 20%
12% Mar
/"■' -'32
2,600
Oct
Jan
Oct
20 Va
/.-■
Ltd
Breweries
Oct
8%
ft ; V':'
Utah-Idaho sugar
Utah Power k Light $7
Utah R«dio Products
Oct
14 Va
r/' 20% Jan
Sherwin-Williams of Canada
Slck's
8%
Jan
300
129% 130%
111
100
preferred
4%
7%
y
ft
•
-25
Mining
Bnawinlr*n Water & Power
Sherwin-Williams common
Denn
Snattuck
5,
13
■
for Week
ef Prices./
-i''-
•'
*
Far
High
5% Mar
—
12
♦
Low
■% „»•>
Sales
Range
•
Sale Price
Range Since January 1
High
•
Berrick Corp class B—
Last
York Curb Exchange
New
Week's
Friday
/ //
STOCKS
Week's
Friday
STOCKS
York
New
OCTOBEE 26
WEEK ENDING
RANGE FOE
Monday, October 29, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
106%
104% 108
104
'
115% 115%
U04
106 Va
106 %
101% 103
;
12.
106 Va
101%
104%
.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4433
162
NEW YORK CURB
2045.
EXCHANGE
"RANGE FOR WEEK ENDING OCTOBER 26
Friday
BONDS
New
York
Curb
'.V-''-
Bid & Asked
High
.
Extended
at 4%
Gas
Light 4%s
Power
Nebraska
series
1963
4 Vis
A-O
__73
M-S
107
107
„1981
Low
M-S
0X
116, -116
—
rr:
••5
v
2
.
■'■i 35.:
.. .
Edison
Gas
1948
M-S
1948
deb
Oonv
r
N
United
'-•••
Light
Power
1st lien
New
England
Power
United
97%
95%
88%
963A
94%
95%
88
971%
A-O
6s
V
9434
!
i
94%
M-N
1948
:
98
>
$105% 106
105 Va
105
&
&
4s
1949
J-D
1959
A-O
A
January 1
Low
109% 109%
$106
-A-O
108
101% 102
108 Va
HI
103
12
High
104%
108%
106%
107
100iM06%
1952
&
Debenture
106
Co—
& Rys (Delaware)
5Va8-1953
Light & Railways (Maine) —
series
Utah Power
:
J
5%s
cons
Range Since
Sold
No.
Low
F-A
109% 100%
109%
112%
2022
M-N
115% 115%
115%
116%
Light Co--
6s
series
A
108
% 101 %
Bonds
Friday's
or
Bid & Asked
J-J
Lt
United
110%
88
95%
M-N
1961
3 Vis
107%
--
95%
J-D
1950
5s
___
V
Last
Sale Price
1968
ElectrJc
i-
$10914 114
J-J
1947
5s.
New Eng Gas & El Assn 5s.
3%s
United
"
Amsterdam
New
Week's Rang*
Interest
High
ioi%i 1.09%
114*5
1
'
•;•
Friday
Exchange
High
64 f j. <78 ■>
.105 «,«* 1,98%
3
106s/a 10634,.
J-D
2022
A
,*'V;
73
1967
Curb
Period
Toledo
to.
York
January 1
No.
Low
New
Range Since
Sold.
,
Valley RR—
Milwaukee
6s
-
BONDS
Bonds
Friday's
or
Sale Price
..Period
Midland
Week's Range
Last
Interest
Exchange
Waldorf-Astoria Hotel—
New England
Power Assn 5s
Debenture 5Vis
N Y State
N
Y
1954
Elec & Gas 33/4fi
Westchester
&
North
105
—
I9t>4
2004
J-J
Corp—
redeemed).1948
J-J
Ltg 4s
Continental Utility
A5Vis series A (21%
'
Af-N
\ 19
103% 105
-104% 104%
;
,,
J107
w
105%
105 V4
101
5
?
V West
West
97%
92%
Power
1st
mtge
3s
1st
Ohio
mtge 314s
1968
1971
Public Service
F-A
1948
106% 107
A-O
—1962
4s__—*
../•
,
F-A
$104
v
VLight
Power
F-A
1964
J-J
Penh. Central lit &,Pwr4%s..,M—1977
;:.'".lst-.5s„—1979
314 s
M-N
Philadelphia
Rapid
Transit
106
$107
J-J
107
112%
118
Rys
116%
119
100
105%
99
101%
5s
I960
Union-
debentures-
Co
5s
1959
stpd
./ 101% 102
1937
$100
1947
$100
*ai3%
;
107% 108
Foreign Governments & Municipalities
106
'
v
"'109%
109
bonds
New
York
Curb
Friday
Exchange
Week's Range
Interest
Last
Period
Sale Price
114%
106%
\
or
-High
stamped extended
1950
(Can) 4%s B——1959
1st
mtge 3%s
Sinking fund deb 4s
Service
of
J-J
$101% 103%
•M-S
1964
105 % 105
J-D
1949
New
101
102%
101 %<
%.
106%
J-D
Ban
4%s
106%
106% 106%
104
104%
,
104
102
.
Danish
106%
Estate
Real
J-D
M-S
1952
125
J-D
$99
A-O
$9$%
California
Southern
California
Southern
Counties
3s
.1963
M-S
3%s
1970
A-O
Edison
106%
104%
107
12
106%
109
125
125
1951
1
6%s
125
90
96
AMedellin
101
78
stampede.
a7s (issue of May
105%
2008
105% 109%
107%
A7s
Southern
Indiana
Rys 4s
P
L
&
F-A
.2022
8s
105
•32
1927)J-««^->1947
M-N
M-N
105%
36
.105% 105%
J-D
1972
J-D
1958
M-S
2008
J-J
108 Va
6s
Gas
ARio
105%
dt
Jane.u
(stamped)
6s stamped
Debenture
Debenture
6s
108
A-O
108%
1951
F-A
108%
,-•.106% 108%
108%
,107
108%
107
108%
6s
Dec
8s
1
1966
J-D
debentures—.——,.-..1957
gold
Standard
A-O
Power
&
..
AStarrett Corp inc. 5s
.107
108%
F-A
107%
A-O
1946
6s
F-A
1957
1950
Light
106% 108
.
61
96%
64,
>
108%
iiv»
.
19
96%
J-J
$83
110
>
.
85
'
58
«•
<
*No
,
58
Stlnnes
(Hugo)
A 7-4s
IIEx
Industries—
value,
par
x
•
A-O
1946
57%
•
46%
61%;
22
22
22
$85
87
45%
'
75
2012
47 V8
'46%
36%
37%
J-J
lal9
88
37%
45%
A
2%
6V2S
'
38%
$46%
J-D
J-J
"5%
"7% ..*8%
'292
5%
22
«;...7%..;8%
102
5%
21%;
-
8%
a
Deferred delivery sale,
d Ex-Interest,
Ex-dividend.
/.-•
and asked prices;
;
,
sales
no
Odd-lot sale
e
,V-'v:
.
_
n
Under-the-rule
sale
;
.
being transacted during current week
1
.
;.
./.-•A-v>.i
•
,
'•/
»«
■
liquidating cash dividend of $22.50, plus stock distribution.
Abbreviation*
.—
2nd stamped
Plan
to
ABonds being traded flat
IReported in receivership
: -
deposit
.
to
reduced
$Frlday's bid
>
'
3d stamped
A Certificates of
2 VaS—
Government
sale,
rCash
:
85
30%
;
..
47 Vi
45
51%
&
%
**■ 96% 110
24 *
11
Btlnnes<Hugo)Corp—
A 7-4s
to
A5%S
110
44 KfB- 96%r '109
106% 107%
;.
51%
$17%
"
96% 110
86%.410:
24*<r
V-
•?
A
1921
ARussian
May 1948
—May 1948
Conv
Plan
6%s_.
Stamped pursuant
Electric—
&
7s
Interest reduced
104% 109
1 ^>100 '
(Stater
Stamped pursuant to
Interest
Standard
36%'
M-S
1959
r $50
A-O
1931
104%
106%
.^107% 108%
1947
of Chile 6s
105%
89%
$102
M-S
(A G) 5s^^.....^....r1989
Spalding
106%
.103%104%
—
.1
J-D
Mortgage Bank of Denmark 5s
$104
F-A
1970
Southwestern Gas & Elec 3%s
Southwestern
J-J
1951
20%'
45%
■■■
M-N
^1951
(issue of Oct. 1927)—
AMortgage Bank
Gas
(Calif)—
1st nitge 3s——*..^.....^...1971
38%
;
Mortgage Bank of Bogota-^
^
105% 106%
106% 107
16%
48 Va
$46 Va
■
2VsS
AParana
Gas
37
20%
1958
Plan- A
to
90%
19
30
stamped^.1958
%/'
Interest reduced
92
97%
7s.
Stamped pursuant to
127
..
6%s
92
80
stamped
(Peru)
AMaranho
10
108% 108%
Bcullin Steel lno mtge 3*,—1951
Southern
6s
107
107
108%
*
76
5s
City
;.
27%:. 32
Danzig Port & Waterways—
A-O
74%
.
5%s—
ALima
1952
65%
,71
105% 109
M-N
1979
„
Joaquin Lt & Pwr 6s 3
ASchulte
High
63
Valley
Extended
Queens Borough Gas St Electric—
5%s series A
Water
January 1
Low
74Va
Mc
(see
ACauca
Jersey—
perpetual -certificates——
Harbor
Range Sinoe
Sold
No.
—
73
Bogota
AExternal
Safe
Bonds
Low
:$74%
Public Service Co of Colorado—
6%
Friday's
Bid & Asked
-
109
*
Power Corp
Public
C-
?
104-T107%
,
Portland Gas & Coke Co-*
5s
99%-101%
;
•^1O4%«I08'
113'
101%
109%
110
105%
,•
.63
107
M-S
f
'
/
106 v*109
F-A
118
Traction
s
71
106
105%
o
J£-*4
103
15
107
.1962
6s
103%
107%
107
53%
107%
109
107%
,
.1972
514s
Power
1061
J-D
1970
Elec
109
105%
,12 V
72%. 73%
M-N.
Pennsylvania Water & Power 314s.1964
Philadelphia
104 % 105%
;
70%
.107
$108
AStaraped 5s
104%
.
•Vy'";
1955
Ss,
Park Lexington 1st mtge :3s..—
conv
lAYorx
109%
^•101%
.^4
Hrl-l.
u
.'ft-
Pacific
105
:5
105%
.
.106%. 107
101% 101%
:
"
Oklahoma Power ft Water 5s—;
70
1964
2030
Newspaper
..
6s
A-O
1954
3 %s_,
5s
Electric
Penn
Western
98%
'
Ohio
Penn
,
97%
d»bs____
Water Power
103%
3
97%
income
Wash
109%
108
101% 101%
A5s
-
:i02V'4
12 c:
used
above—
wcrLUicu.tco
oou,
Uepuaier
u,
consolidated,
uiuo,
'cum,
cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc." voting trust certificates;
"Wt" when issued
w w " with warrants:
"x w." without warrants.
- v
57%
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING OCTOBER 26
W Friday
STOCKS-
Baltimore Stock
/;
'-n
■
:
Week's
Friday
Last
.
..
Sales
;r"
Sale Price
of Prices
Par
Arundel Corporation
Bait Transit Co
-
24 Va
5%
•
common
Preferred v 11*1
Low
•
v
t c
^
i
*
tn0
■■
Par
Boston ft Maine
Shares
,7%
958
5%.
1,193
35
16
Eastern
Sugars Assoc com v t c—^—1
—20
Finance Co of Arner A com^—.—1,5
11%
8%
24% Sep
Apr
7
40
7
Jun
Feb
20
r Jun
14
14
Oil of
Texas
6 %
Preferred
New Amsterdam
-
Northern
"
1%
14
12
9
28
145
3
loo
Penna
"
17%
Water
&
Power
80%
Packing Co 5%% pfd—i-100
S Fidelity & Guar—-i.-—
-i—50
Phillips
U
■
>84
1
102
.102
- 43%
32%
145
"
4
80 Va
-
44
10
102
43%
' v>:
■
Calumet
3% Jan
63 Va
80 %
' Mar
102
Oct
^ Oct
45% Jun
Bond*---
"lova
;
Ss. serlea.A
'"58 series
—1975
...
; ^
~_
81%
$12,000
88%
.—L——.1975.'
82
90
5,600
100% 100%
Boston
Eastern
1
1
86%
01
Jun
11%
v
Low
7""
183
12% "XT-
...
•
High
.
15
195
'
Jan
Jun
10% Mar
19% July
10% Mar
17
14
Apr
22
13 %
Jan
18
Sep
199
56
"
58%
Apr
8
17
450
14% 15 '
17 %
17%
41
Feb
60
July
9
Feb
34.18
Oct
43
■
.i
90
Jan
10V4
95
13
Jan
5% Mar
290
12
13
60 y4
1,251
14%
__
7%
Jun
10
Co.—
V
.
—25
-
58%
8V0
89
6 Va
Apr
30.62 Mar
20
Jun
Jun
,
6%
5%
!-100
100
adjustment—-—100
preferred
SS
conv
>64
.••
/
*
,
/
Lines
Inc
common
preferred—
Employers Group Assoc
•
Engineers Public-Service——.——1
Oct
65c
Apr
1
Oct
1
Mar
637
,
:
64"
450
125
.
'
;
2
Jun
78% Feb
47% Jan
99
-.-J-ulv
;
64
,Oct
"
109
Feb
'
i
-
.
—*
—
-64
>
115
Jun
71
Jan
14%
Jan
205
.
'? 12
25
May
38
750
May
56
31%
319
16
Jan
42%
377/a
19
"
-
6cfc
(
Oct
'
.31%,Oct
:
Feb
100
.
Oct
Jan-
38
Oct
21% Mar
46
Jan
199
30%.
99 V»
"
1,090
38
29%
—
96
35
—
,
25
,-i
97
104
105
—
V.
95V2 95%J
__
.
V 17%
18
~.
18%
18
19
>>,»
46
46
>;
Jan
341
1%'
16%
,
94
—100
268
1
1%
•'
——^——100
Street
23%
90c
Associates— '
Ry—- v
1st preferred series A.
preferred class B
8%
22%
—
10
Fuel
&
Mass
National
General
*
Isle
—
46%
48%
21%
20%
22%,
80c
80c
*
~~~.15
*
Hathaway Bakeries class B_
Exchange
56 Vs
•
Electric
56 V2
*
Stores
Gillette Safety Razor Co
Boston Stock
Range Since January 1
.
38 V4
103% Jan
500
=
■
^79
<-^1
-
...—.—5
Co—
Gas
Eastern
First
'■
100
Hecla
&
V 4% % prior preferred
6%
preferred
$2
Baltimore Transit Co **
12%
.
Shares Trust...—.34.18 34.18,
Mining
East
Oct
Oct
33
Apr
38
7
100
100
100
Service
Eastern
'.
.
■
'
Oct
109V» July
Jan
256
-
Cliff
17*/a
Jan
10
T
Apr
.125 "Oct
Mar
100
Cities
3
#87% Feb
26-
Oct
80
Feb
IO6V4
:
30
Feb
1
*
,
July
•14% -Oct
27% Sep
183
109 Vs 109 Vs
*
common
17 Va
>V
High
168
13% Feb
35
100
Boston & Providence RR-
Jun
75
C 1st pfd stamped
class D 1st pfd stamped—.-loo
Personal
Prop Trust
•
Century
122
32%
^
12%
100
class
10%
K/
120
—
—50
Ry_.
Jan
3
I ^
coanftity
Central
Jan
155
80
-100
100
—.--100
'
8
192
28
r«-
pfd vtc—25
Maryland & Pa RR—
Mt Vernon-Woodbury Mills com
100
'80
.
Georgia Soil Js Fla 1st pfd——100 ,-i
Houston
11%
163
159
163
'u; Low
,
T
class A 1st pfd stamped
class B 1st pfd stamped
Boston
Fidelity & Deposit Co
-
Share*
...
prior preferred
preferred stamped
High
Jan
2.75
.•440
RR—
6%
Range Since January 1
Low
24%
5
32%
Sales
for Week
-
ot Prices
.
High
23%
„
35
Range
;
-
■
for Week
Range
Week's ' VV
V
Sale Price
'
.
ITOOKB
/v-" Last
Exchange
Royale Copper..
Copper
Kennecott
r
;
—
3
\
V2.
13% Mar
986
60c
40
59%
49%
.
Oct
Sep
22%
Oct
1 Va
July
3
Jan
3
43%
■
—
-3
'
350
45Va227
l7/a
Jan
35 Va
Jan
45 Va
Oct
17
17
17
Feb
18%
Jun
Oct
,
•
Shares
Low
^
.
1
-»
10
Range Since January 1
10
:
Low
High :*
~
100
*6
Bigh
10
Apr
Oct
Boston
Maine
Central
Mergenthaler
Narragansett
25
Theatres
Loews
for Week
of Prices
Sale Price
Alles & Fisher Inc
Sales
Range
Last
STOCKS—
|
Week's
Friday
5%
RR
Assn
American
Agricultural Chemical
American
Sugar Refining
American
Tel
American
Woolen
Anaconda
Copper
&
Bird &
&
.106
38%
'
\
,
51%
184
187
-v-;
50
V-
29% July
38%
Oct
Inc^
41 Vs Aug
156% Jan
v55y.
Jan
National
Oct
New
1,900
23%
138
38 V4
>
39%
728
9Vs
Jan
187
29
;
Jan
29
;
39%
Jun
Oct
-
"*_•
Edison
Boston
Elevated
Boston
Herald
128
25
Ry
Traveler
100
Corp
0
23%
23 Vs
I—100
Albany RR
Boston
-
•
128%
-
•:
79
79%-'37%—
•
es
17
Jan
•
37
--
%
Jan
69Vs
Jan
1,140
23 Va
Jan
3,183
23%
115% Aug
165
r;
44% r
36%
79
>37%
280
•
43%
-44
C
23%
132
.
46
81
37%
Oct
Service
48
49
300
41%
Jan
t62
79
79
20
64'/a
Apr
79
1
16%
15%
16%:
7y2
Jan
16 Va
23%
217/a
23%
1,645
425
35c
45c
;
!'
—1
Cos_...—
England Gas & Elec Assn—
5%%
7
->
5
Nash-Kelvlnator
110
38%
52%
187
21%
23%
I—150
Son Inc
Boston
mmm*
1—100
Tel
V
48%
'
*
.
•
preferred—100
Linotype
Rac'g
.*■
\
..
15%
,
22c
Oct
23%
Oct
49c
Feb
63
Jan
July
126%
67c
—•
% 57%
61
—
—
124
53c
1
2%
61%
126%
82
290
11,934
68c
3
;•
~
456
Feb
42
Oct
109%
Jan
126%
30c
Jan
72c
30c
Jan
5
--
--V
-•
,n
4
Oct
Feb
May
July
Oct
Jun
Oct
Pacific
Mills
Pennsylvania
—
RR
Quincy Mining Co
•
-
50
25
•
41
—
57 Va
58%
40
:"—
41 Va
2%
2 V*
47
38
% Mar
1,131
4
1V4 Aug
65Va,,p)cfc.
41 Va
33 V4 Aug
830
.
Oct
3%.')^b.
-.
For footnotes see
page 2052.
.
Jun
•
.*
...100
2.50
100
preferred
New England Tel & Tel
North Butte Mining
Old Colony RR
5,325
,
Jun
.
■
FINANCIAL CHRONICLE
THE COMMERCIAL &
Monday, October 29, 1945
2046
OTHER STOCK EXCHANGES
RANGE FOR WEEK
Week'e
Friday
Bale Prlee
STOCKS—
Vr'V'if';;.-;
Tofrlngton Co
United
Drill
Drug Inc
United
Frua
Twist
Union
Co
U S Smelting
30
lft%
25%
175
742
35%
Jan
26%
Jan
90
V
Montgomery
250
73% July
80*/a May
180
45
50
i
71%
130
51%
71%
175
63% July
18%
235
70%
70%
17%
17%
•
—rr:/11''
50
35%
18%
;
50
Oct
38
Ward
\
A
Standard
American
Illinois
Northwest
May
Bends—
Chicago Stock ' Exchange
///;.;a
'
/
/:/7
.//;
•
Range
Sale Price
STOCKS**
of Prices
Steel
Acme
Co
Advanced Alum Castings
Bearing common
Ball
Aetna
Allied Laboratories common
I
Corp common
All is Chalmers Mfg Co
Products
Allied
common—.————5
Equipment Corp common
1
Aro
Athey Products capital
Automatic Washer common
Co
Belden- Mfg
Corp
capital
Borg-Warncr Corp common
Brach A Sons (E J) capital
Brown Fence & Wire
Co
for
Consumers Vo.vtc
Co
&
Deere
33%
250
26
34
100
16% Jan
23%
58
100
48%
61
15%
1,050
15%
Oct
14%
2,400
Paper Corp (The)
Household Utll Oorp
50
300
100
Mar
Jan
24
9%
10%
45%
Oct
Oct
25%
13% Jan
34%
8
«
50
%
Jan
2,200
130
U
Jan
5
Sep
131)
159%
70
Oct
20%
Sep
53%
Jan
64
Oct
250
35
Jan
48
Oct
25%
Oct
27%
Oct '
200
67%
Oct
70
Oct
25%
200
Jan
115
75
25%
Jan
16%
1
Oct
8
3% Jan
28%
Jan
33% Oct
7 J/4
Jan
36
Jan
10
104
Jan
3%
1,630
10%
12% Apr
100
40% Mar
21%
1,150
15
Jan
3,000
4
Apr
39
Mar
5
21%
1
Oct
44
42%
10
20%
21%
950
13% Mar
22%
700
of
225
35%
Jan
43
Inc
22
29
General
class
Candy
34%
200
30%
Sep
38%
Corp
Motors
General
Outdoor
common
8*%
450
Adv
Refrigerator Co
Gibson
Safety
Gillette
Goldblatt
Gossard
Bros
Co
Hein
Inc
200
common —Hi
Tr
*
Steel
Katz
Prod
Power
143
9%
/' 200
5%
Jan
9 V'4
2,100
14%
Apr
18%
Oct.-
2,630
25
•
27%
250
18%
200
50
460
26%
Apr
3%
Jan
5%
1,400
,_25
capital-
5%
41%
42%
300
—1
-
7%
22
49% Aug
59%
Oct f H
13%
Jan
16%
Oct
Co
(The)
Air
——
-25
Corp com
Radio
Products
com
Drug Co common
*
.
Kellogg
Switcboard common
Tube A Lamp com A_ LI*
-...50
jr cum pref
—100
preferred
1,300
13%
Apr
19%
100
10%
Jan
13%
58
48
Jan
58
.
Oct
20
150
14%
Jan
100
17
Jan
24%
Jan
Jan
31
12
y
•10
/
10%
—
6%
Kentucky Util
55 V*
/.
9%
10%
35%
20
1,060
:
12-
Jan
;
/
■■
capital
10
1,200
9%
41%
6% Jan
12% Jan
Oct
9%
39
6%
Jan
12
Jan
11%
200
f6%
Oct
35
40
52%
Feb
56
110% 110%
20
107%
Jan
••
:
La
Salle
&
Ext
Co
Univ^common
—
For footnotes
—7
6%
7%
500
Jan
16%
16%
400
11% Jan
38%
39
700
29%
Jan
76%
Jan
67%
Jan
94%
94%
96
400
8
600
48
29
%T
29
5% Jan
'Jan
38 "
'600
:/9M Mat
common
1
22% AUg
100
15%
Jan
22
Jan
22%
23
27%
28%
1,250
42%
42%
200
28
59%
59%
100
48% Jan
20%
21%
700
17
Jan
10%
Jan
19%
Jan
29%
5
Jan
800
15
15%
700
27%
600
Oil
S
of
common.
Co
65
1
27%
287/a
1,100
68%
68%
100
25
common
Jan.
18%
Jan
57
Aug
:
Products
for Week
Shares
Cincinnati
& Elec
110%
Jun
4% Mar
Jan
14
92
93
151
78'%
Jan
93
14%
14%
60
165 ;
67
70
•
■.
?,
16
July
125
Jun
70
14%
——«
11
10
98
Jun
Feb
Oct
.
165
Jan:
Oct
14%
Oct
Mar
70
Oct
8% May
46
:
•
preferred
—
34
30
34
939
26%
Jun
34
Oct-
F:
*
53
51
53
146
40
Jan
53
Oct
"
5
5
5
100
5
Sep
45
Mar
*
...xl00
—• :
—
50%
50%
20
50%
50%
50
52
"
—87
47'A
46%
49%
258
4%
6%
64%
A Gamble
100
4%
Printing
52
Cctr;
50
Oct
4% July
Jan
4
6 "2
5
3%- Feb
5%
58%
89
.
28
28%
95
51
51%
75
—
Apr
Jan
66%
58%
Oct
48
Mar
'
Playing
50 s «
Feb
36%
55% Mar
40
Card
...
7K
334
6%
60% 7
5%
"B"—
3
"
'45%
H
Oct;
f
j
58%
Oct
51%
Jan
Oct
29
Jan
i4% Jan
y43
Oct
5% July
Oct. ?
:
i
I.
}
UnlistedAmerican
Rolling Mill.
Service
V
Columbia
15
Jan
15
Oct
11%
1,050
4,100
7%
10%
7%
Jan
11%
Oct
t
Pure
9%
200
6%
Jart
9%
Oct
1
Btandard
General
"26%
x
436
28
25
City Ice & Fuel
14
9
109%
Oct
*
Preferred
Oct
11% Aug
12% Jun
Jan
8%
14
,
S
10
106%
165
Insulation
Randall
S
Oct
19% Oct
-Mar;// /■10 % Oct j
*187
National Pumps
U
10
Jan
>
1,167
f
-H
Jan
4%
10
/; 9
13%
Leonard
Procter
50
ll'/a
—*
.——x——;
Art
first
Ehroger
11%
Oct
Jan
12%
Yards
Hobart class •Ax/xxx./x/xi.xi_.
I'
50
50
Hatfield
Kahn
70
/
43%
32 %
107'/a 107%
-100r
A
class
Daniel
A
Gibson
18
18
.50
Stock
Union
Cola
Formica
-
pfd
x_.
Telephone
Cincinnati
Coca
10
104
...
Gas
High
LOW
239
43%
18
10
—
Rang* Slnee Jannary 1
High
104
pfd_
part
Churngold '
Cincinnati
W
7
42%
..x.—.
■
Brewing I
Cincinnati Street
Oct
Sep
May
1
Bang*
of Prices
Machine.
Laundry
American
Sep
Jun
Sales
Week's
Sale Price
25
23
23%
7
/ 100
41
15%
28 %
Jan
20%'Jan '
25
18% Aug
24 Vs
-
Oct
'Oct
Oct
—
8%
9 %
9%
Oct
71%
74 Va
158
62 %
Jan v
75 y8
Sep
21
Gas
Motors
Oil
21%
138
18"%
Jun
21%
Oct
43%
45%
112
28%
Jan
46%
Oct
552
,
4
Jan
"
1
65%
56'/4 Aug
100
65
10
J
N
Corp common—
Rubber
11
-•'•
10% Mar:
37% May
7% Jan
16%
27
14%
—5
*
common
Libby McNeil & Libby common
Lincoln Printing Co common
Jan
31% July
14% Jan
8% Mar
-
*
Cities
Leath
Oct
38%
Brands
U
7%
7
Oct
82%
;
;
*
•
Burger
Jun
37
,
Oct
650
55 V*
Oct
22%
ll7/e
850
300
5
'
■
16
*
Baldwin
.1
6% July
1,250
11
50-
23
19
48
Jan
7%
400
47
American
Oct
18%
25% Aug
100
33%
9%
-
100
fl
East
20% July
23%
1,200
Jan
14 % Mar
597/a
1,300
1,600
23
Friday
Oct
35%
23%
500
81%
15%
:BTOCKS—
Oct
57 V*
32%
;•
Ken-Rad
6%
19%
20
35;
-1
•
Oct
23%
,-f
*
18%
13%
36
100
461/4
22%
t
:
Cincinnati Stock Exchange
Oct
Oct
19
34 y*
ji
7%
Corp
Early
36
Sep
18
_
Iron
Oct
100
com.*
100
10 Va
Electric
37
IV2
Jan
•
(Glen L) Co common
Jan
3%
79
Top
22
300
100
96%
35
•
common
Machine
•Jwl~• • ■
•
■.,■
Unlisted Stocks— '
200
700
Oct
78%
(new).12%
com
..
Oct
45'/j
*
Bankshares
Indust
26'%
Jan
40
46%
common—.—*
I?
Jan
1,400
21%
*
—
i
17
25%
451/2
96%
•
*
Transportation cap—6
Crystal Tissue
5%
■i-ft
36%
24%
45
_6
common..—
Line
Oct
18%
if
U
100
Oct
,
23
100
21%
17%
i
Oct
OctHI
7%
Feb
Mar
16
Oct
43%
Jan
4%
"
|l
16%
25%
18%
23%
100
400
!
59%
Jan
5%
10
71/4
22%
1'
Oct
6
16%
Feb
mill
Oct
59%
i
50/;
Oct
50%
i
Jun
19%
"
19%
—
18%
/ 20
36%
Apr
300
23%
-
12%
22
13
B_.„
pfd—.
Oct
Jan
,
17% Mar
14% Aug
tl9% Aug
12 % Mar
171/4
48 %
common—_ —5
I
Sep i
18%
,
25
capital
I
|. |
38%- Oct M
Oct
3,500
1,400
"
35%
5,500
Oct
21%
——
38%
% I
Oct i
Oct
143
Mar
Oct
24%
37
100
>
Sep
16
100
r
31
Feb
U
Oct
9
31
Jan
19%
Studebaker
Sep
20%
13% Mar
:,
Oct
Jan
18%
38
19%
MM.
common
$6
150
6,200
Jun
30
23%
750
16%
24
'
Co
14
75
Jan
11%
400
18%
Jan
Jan
6%
22%
900
450
Jan
21%
3
Independent Pneumatic Tool vtc
Interstate
'
Oct
10%
;
Oct
Apr
24%
cap
capital
Illinois Central RR common
Indiana
•m ■'
I——*
common—:xx..—/
Brick
*
12%
22
18V*
/ 22
10
Hupp Motors common (new)
Illinois
ll7/a
21%
12%
•
Feb
62
400
1,000
<
class
20%
20%
v/A
Jan
5%
22%
Standard
34% JFeb
16 %
13%
Hibb Spencer Bartlett com
Borders
24% Aug
150
74 y4
Motor Parts..
Houdaille-Hershey
150
20%
20%
common....
Brew Co G
Werner
^9
12%
Hall Printing Co common
Heileman
29
71
com
Dk com..
Dr &
350
20%
Razor common.
Inc common
(H W)
Great Lakes
16%
72%
..
46%
Jan
4%
30
20%
29
Oct
July
xl7% Aug
850
Standard
?
15% July
18% May
7% Aug
13% Jan
*
1
_
Oct
102
Apr
13
Jun
—10
General Finance Corp common
General
;;
20
A-..-
O^t
4%
Jail
30
220
5%
,29%
capital-
Oct
20
16
(Peter) Brewing common- —iy*
Fox
10
2%
76%
60
'
.
33%
5%
9
common
Corp
May
18
8%
100
4%
100
Loto
5
America Inc.—
Four-Wheel Drive Auto—
Mills
Flour
Oct
241,
Jan
16%
17%
Sep
43
8%
—
22%
Oct
.,.6%- Mar
4% Aug
18%
5% Mar
33%
42
2,100
46% May
41%
iV',
L—
,6%
Oct
Oct
42%
I:
44
Oct
Oct
17
Jan
100
45%
4%
Jan
Republic Steel Corp common
108% Mar
45%
35
70
Radio Corp of America common—.
47% Oct
107% 107%
15
/
15% Oct
50
10%
87%
32%
-
Barahioont Pictures t««»
.
t
Pullman Incorporated ——————-x*
Pure Oil Co (The) common——f
18% Jun
15%
17
Jan
22
-
Nash-Kelvinator
Corp
New York- Central RR capital—
Oct
July
17
46J/a
6%
69%
14
General
Sep
8,000
3,750
17
200
109%
V 41
31
Curtiss-Wright
Oct
128%
14%
-IIIIc
—
Apr
Jan
46
♦
Jan
Jan
Feb
Jan
600
—10
8% Mar
98
33%
-
Jun
63
800
33 Va
Jan
5,400
260 4
i,v
50
Atch
76% Jun
117%
93%s
10
100
32%
49%i
Jan
54"%
300
,50
Feb
200
Interlake
7%
i4
19%
/
Feb
17%
Oct
Jun
.
1,000
6
29%
Copper Mining
50
& Santa Fe Ry com
100
Bethlehem Steel Corp common.——* -
%
9%
23%
75
16
8%
,
1
5%
Anaconda
Oct
7%
30%
18%
43
44
143
American Radiator & St San com
Jan
17%
Oct
Jan
Jan
23%
190
100':
1091/2
41
87%
44
6%
Sep
4%
:/?'•'50
"w
18
16%
Works
Indiana
of
Yates-Amertean
}
%
23
87
32%
*
Apr
20%
Jan
16
10
.
50
—1
Wisconsin
7%
72
30%
/75
'
7%
Hi-
Wieboldt Stores Inc common
3,450
127
Feb
40%
common.
Brewers
Woodall
25,350
350
72
16
^
15%
Oct
21 % Mar
100
127
11% May
109
———x—-„—,
Westinghouse El A Mfg
Apr
32
82% Jan
8% Jan
500
"
43%
Sep
14
38
Utah
1
Jan
70% 71
115
115
24
'
15%
United
Jun
111%
42'/a
Aug
35%
United Light & Rys—
0 fl Steel common
July
2% Oct
2%
:
;
Union Carbide & Carbon capital
110
4%
300
1
capital
208 South La Salle Street
Oct
2%
15%
17%
37
Trane
Oct
.///-''k
Jan
4%
32
950
18
Corp capital
25
Thompson (J R) common.——2
5
99Vi Jan
15
24
30%
—5
common
Texas
v
Oct
250
157% 159%
23
44%
Hi
;
9;k.
22
,
Jan
"69
lio
capital
Co
,new
Oil
Sterling
14% Oct
iS 52% Oct &
34% Oct
10%
600
,
July
39
36%
/15% Mar
Swift 6c Co capital—
45%
34%
106% 108
501
Storkline Furn Corp common..^... -10
Bundstrand Machine Tool common- —5
Apr
Jan
24%
,
18% Oct
'13%.Mar
100
200
4%
-50c
Co
&
Stewart-Warner
Jan
6%
34
,
18%
33
44%
Dredge—
Standard
/
Jun
5%
23
23%
9
Sep
100
Common
32%
1,200
150
-250
800
8%
'I';
Elgin National Watch Co.—.—
Eversharp Inc common
Jan
71/4
34%
45%
A— III 1
—
Jan
37
19%
Electric
Jan
10% Mar
49%
—
69%
*
common—
Nat Stockyards
Standard
Oct
34%
common
Domestic Industries Inc class
•
(new)
Inc
St Louis
Oct
12%
—
48% Jah
400
Oct
14
common
Sinclair Oil CorpSouth Bend Lathe
Jun
23%
14%
100
2%
common
Dodge Mfg Corp common
Eddy
6% May
9%
58
■
68%
capital
/Spiegel
Oct
Jan
Jan
5
25
1
50
(Alf) & Cohn Inc common
Decker
12%
7%
3
5%
»*
cumul pfd
Inc
Lighting
Jan
500
10
Co com
(The)
Cummins
Common
Oct
23
14%
14%
50
1
1
-
Corp class B common
Signode Steel Strap Co—
Oct
4%
,1(10
1,400
5
partic pfd
Cudahy Pack Co 7%
23%
33
:
-i.
•
—*
Inc——
Co
(The)
Mar
87/s
5'
5
8%
May-:
18%
109%
*
—
8errick
T
?
Oct
11%
1% Jan
17
50
6,100
ll7/8
11
—*
100
pfd
Co
Car common
Roebuck
New
-
100
Commonwealth Edison common
Consolidated Biscuit common
Curtis
7
•
common
Co common-
Service
Sears
:
Martin
preferred
Aluminum Uten
Club
4%
1—-
common
Corp
Coleman
23%
3%
5
*
1
Common
Cities
23%
55%
.
Oct
43%
-
100
Electric
Schwitzer
Feb
135
Jan
6%
4,000
11%
31%
preferred ————•
Towel Co conv
capital
Chicago
10%
*
common
5%
Oct
113
20
122
North Western Ry—
&
for
Chrysler
Oct
*
common
wi
Preferred
c
52%
112% 115
Shaft common
Chicago Miiw St P A Pac com wi
t
Jan
—
Burrell Corp common
Con Rys pfd
Vtc
39 %
•
Chicago Flexible
V
50%
100
1
50o
Chic City &
Chicago
Oct
•:
Co
Chicago Corp
Convertible
•
Oct
47%
10
Pr A Lt pfd
States
Belt
Cherry
Jan
19%
Feb
5
.10
Co
Preferred
Central
11%
Feb
11
»—1
(A M) common
Central Illinois Pub Berv $6 pfd
Central 111 Secur Corp common
Chain
7% Aug
4
.-5
Utll common
pref
600
29
—
Central 8 W
Prior lien
10%
-
(E L) common
Ring common
Brothers
*
&
Jan
16%
*
Co
Castle
71/4
50
—
5
Burd Piston
Butler
,•
-1
Common
Bruce
400
15% May £
14
Oct
100
11%
10
5
1
1
Brewing
Mfg
Binks
Jan
18%
B%
Aviation Corp common
Bendix
Berghoft
10»/4
12%
50%
8/
common
4,000
47%
122
Jan
■
5
com
t
common-—.——0
Co
13%
47%
tDelaware)—.......
Aviation Corp
Bastiah-Blessing
33
44%
4
:
Apr
13
1
Mfg Co common
Asbestos
Sangamo
Oct
25%
18%
A Co
Armour
Common
'
100
13%
12%
pfd.—100 ~
American Public Seryice
48%
4,850
>'
Packing common
Raytheon Mfg Co 6% preferred
1
33
10
Corp
High
Lots
High
12%
100
*■
Rath
Bangs Sines January
33
—25
—1
5
*
•
10
*
common
common
Corp
Admiral
55,',/•
4%
•
Shares
Low
nr
Oct
55
20
common—
common
Quaker Oats Co
for Week
Last
15%
44
Process
,
Sales"
Week's
Friday
6
16
Jan
4%
33
Perfect
Steel
2%
Jan
41
Pressed
Oct
Jan
2
capital
(The)
17%
10%
—
...x—750
Peoples Gas Lt A Coke capital
100
Co
Jan
12
10
—
Potter
Oct
10%
150
—1
common..-
(The)
,
3,500
,
100
Bancorp; common————0
Circle
13
15%
:
•
]
common
preferred
Pennsylvania RR
Oct
Apr
16
'
preferred—100
Bush Shoe common.———2%
6%
32%
8%
'■
Peabody Coal Co class B
144 % Oct
118% Feb
$5,300
1441/4
144
3s—
& Tel conv
Jan
600
67%
*-
common
:'-y
American Tel
"18%
is
.15%
North West Utilities 7%
Nunn
31%
300
15%
4%
—
I
common
Corp
High
Low
17%
10
common
Cooker
Car
17%
-
f /\~'f
'
.
Co
Pressure
Northern
r
Jan
Vtc
common
preferred—i
National
Oct
31% July
36
525
Co
Cylinder Gas
North
13% Jart
Chemical
30%
17%
Bang* Since January 1
High
17
fl
-
Co
National
Oct -f
73Vs Oct ;
■
com—
common
National
•
10
50
34%
—
—12%
Apr
72%
Inc
i \
I
49%
,
Hart
Monroe
79%-80%
Jan
A
$1 prior preferred
Minneapolis Brewing
Share*
1
capital
i
69%
July
Corp
Oct
120%
Mar
Prod
Miller
Low
•
.
■/ f*r Week
•
Food
West
of Prlee*
Par
;
v<
Oct
Oct
I'■;"
common
Middle
47%
*
(S D).Co
Westlnghouse Electric Corp
Warren
SO
24%
—
Waldorf System Inc
620
115% 118%
25
25
10
Ref A Mln common—50
U B Rubber-
351/4 July
41%
35%
v-;
''
Field
Mlckelberry's
1
-*
—-—<
United Shoe Mach common
6% preferred
.
.-«
Jan
40%
5
5
——
14% Mar
18% Oct
18% Oct
41% Jun
Apr
10%
'■
Marshall
-:"
Sales
•
Bang*
Sale Price
STOCKS—
1
High
Jan
14%
455
18%
121/4
10
35
*
—
210
18
17%
Bangs Sines Jannary
Low
Htoh
13%
13
HWk-:
;
Webster Inc..
it
Stone
*f Price*
Week'*
Last
Shares
18
*
Shawmut
Friday
ferWeek
Low
13%
■;■■■■
Hole Mach
Button
Reecc
■
Range
' V
Last
^
ENDING OCTOBER 20
Sales
Brands
i;
see
page
2052.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4433
162
OTHER STOCK EXCHANGES
RANGE FOR
WEEK ENDING OCTOBER
26
Week's
Friday
Cleveland Stock
T
Last
mSTOCKS—
Range
Par
j:v Akron Brass
Addressograph-Multigraph (Un)_
American
.>
City Ice & Fuel—:—
j
Pfeiffer
Range Bines January 1
low
High
7 Vs
.
.
22Va
6%
Jan
400
11%
Apr
20%
80 %
Jan
10
109%
30% May
•
vt i 7% Feb
X 16
Sep
Cleveland
Elec
f, Cliffs Corp
/
111
4%%
92%
24%
common——*
Bookbinding
Firestone Tire &
(Un)_—25
Rubber
Pressed Steel.———
Fostoria
65
General
for Week
Shares
(H
W)
River Raisin
4%
Oct
25%
Oct
20
3%
7%
Jan
915
100
66%
Oct
Warner
68
Oct
Wayne Screw
64
53% Mar
69%
16.
3
Oct
5
Oct
6%
Feb
Oct
14
10%
Jun
Sep
Apr
5%
Jan
2%
Jan
5
Sep
3%
Jan
6% Oct
2,680
5% Mar
272
6 % July
730
4%
12%
Oct
7% May
9% May
2% Oct
Jan
Oct
19
Oct
Jan
7
Sep
3%
1,515
Union Investment common...
S
Radiator common
Jan
Jan
"2,805
common-
U
Jan
12%
1,550
— *
4%
13
3% May
3% Jan
400
common
U.j.i
Jan
Feb
2%
2,059
Brewing
57'a
10
316
Udylite Co
Apr
2%
265
I!
Tube B
Tivoli
8,300
Co—
Pattern
Standard
4%
13
13
Low
.
Paper—.
Manufacturing
Simplicity
Range Since Jannr.tf l
High
3%
Scotten-Dillon
Oct
Oct
18%
205
.
.
Jan
Jan
49%
a32% a32% ;
20
26
Jan
34%
98
53
July
74%
a62% a62%
-48
July
63%
Mar
.
Direct Private
Wire to Allen
&
1%
4%
Janj
8%
^tar
Oct
Co.. New York
Oct
14
:":: 8,275
1,400
..
Oct
93
common
Products
Oct
a70% a72%
Aircraft
Sep
5
*
(Un)-——
6c Rubber———
Tire
Rickel
49
100
18%
Aug
.115
Jan
5%
4%
common™.
Invest
17
a47% a48%
General Electric
Prudential
25
65
&68Va &68Ve
*
94
Jan
14% Mar
100
; .300
.
Oct
25
1
18 %
1,101
r;
6%
a64% a64% Wi?
•
■
; ; .
-.
20
6
5
—4
J i.: Detroit & Cleveland Navigation
Eaton Manufacturing
i
Electric Controller
25
20
common.
Commercial
■•r'jSS'
Vi
94
114% 114%
pfd__
Brewing
Sheller
Slly; :uS.' i
a24% a24%
..
Products
Biah
Jan
305
15
,,'A.v",
Apr
940
,25
V
7%:
15
5
Body
"Shares
a297/« a297A
10
50c
Cleveland Cliffs Iron preferred
Coach
for Week
Low
,
Peninsular Metal
Sales
Range
of Prices
Sale Price
Low
Sales
of Prices
/
1
Sale Price
S
Exchange
Week's
Friday
Last
STOCKS—
37%
;
Goodrich
F)
(B
com———*
&-Rubber
Tire
Goodyear
common
Drug! Stores-—
Gray
Greif
Bros
23 VB
class
Cooperage
•
A
40
25
52
—L-100
23%
40
-
—
Great Lakes Towihg com.
53
50
216
;: * Hanna
common
5
4%% pfd————*
•
■;■■■
£ Jones
& Laughlin—
315
10
291
al2
—
•
«-•
Va
27% Jan
41%
13% Mar
17% Jun
225
7%
Jan
14%
Oct
50
23%
Jan
39
Oct
12%
1,195
4 Mi
Jan
12%
Reliance Electric C,
6 ;r
22%
.aa———a-_,—5
—
i—j
*
Bros ———
—• ••<'•
!
Standard
—
Ohio
10
„
(>/ Thompson Products, Inc
—*
H
U S Steel (Un)-,.A—a—iui.—--a-*.
125
l"' Vlchek
Tool
a
_
*
—
34%
-V
32 V*
•
Oct
Bandini
16 y«
Aug
20%
Feb
16%
Jan
24
Sep
325
14%
Jan
22%
Oct
27
49
235
19%
Jan
28%
Oct
;
-
555
•
-
9%
19%
495
25%
50
130
45
610
58%
Jan
Sep
17%
39% Mar
50
Oct
Oct
27
Aug
Oct
63
July
82% Oct
Jan
Mfg Corp
•
■600
357
2%
Feb
107
26%
Jan
36 %
Sep
100
39 Vs
Jan
66%
Oct
a25
•
.
10
a25
20
10% Feb
3% Mar
Mar
27%
Sep
m
Barker
Bros
5%%
California
Central
York Curb
New
Corporation
Colorado
Fuel
Iron
Merchants Nat'l
Television
Corp
Associate
Inc
Lincoln
Baldwin
Brown,
14%
14%
16
Machine——_—
12 %c
——
8%
—_
-
16
Bang* Since January 1
-8%.
July
10%
3%
Jan
14%
Oct
165
14
3
2%
Jan
125
18
18
Jan
106
8% *
Paper
Continental/Motors
Crowley
Edison
Detroit
Gray
10
-L—— 1
Corp-
153%
Oct
May
8%
Oct
.
■
10
•'}
223/4
23
..
"
Mopor Truck——
4%
Jan
16%
Oct
Jun
13
Oct
500
; 5
.6,C00
1,230
i; 450
c
Oct
7%
Jan
21%
2,841
.
•
Jan
24 V2
Oct
1 Va
Jan
43/s
Oct
5%
Jan
10%
Oct
.
15%
Jan
,
14%
Feb
.
14%
12%
12%
340
5%
600
4
23
,
-
.100
.
Apr
Oct
15 VB
9% Mar
5%
'<* 1,
—~1
Frankenmuth Brewing
•
8%
9
14;%
—5,
—.
.:,
10 Va
3%
Oct
22
300
r
,7
24%
24%
Jan
140
15%
13
6%
6%
-21
-
Vacuum
..
24%
'
43/'b
10: i.t
J
:.s
——•
Stove—'
22
.
12%
MM*-
20
—
Iron..——
Steel
Eureka
Federal
22
>
,
common-.
Detroit-Michigan
Detroit
22.
*
:
Cleve Navigation-
&
Detroit
«
1
——
Milner
Detroit
10
—
Jun
137/a May
sy* Oct
■
f
,r
I-'-: .'A:
■
Gar
Wood
Industries—
General
Finance
General
Motors
Goebel
3
common—
Brewing
Hall
Lamp
Hoover
common..
Ball
Hoskins
&
Mfg.
Bearing
—_J0
63A
9'A
9%
2
2%
1,453
1,300
12%
100
Car
12%
12%
<"&•
V'
V "\;
f
'
common.
Hurd Lock & Mfg—
Oct
3%
.
Jan
Jan
12% Aug
2% Oct
9%
Jan
12%
370
23%
12%
28%
415
15%
.7%
705
'
600
6%
6%
1%
7%
6%
Kingston Products
1%'v'
" 7%
6%
2%
10,500
98c
24,526
6
3%
16 3/8
Drug
Lakey
Fdry
LaSalle
Mach
&
Wines
Masco- Screw
com
J
common
Products————
'
McClanahan
Michigan
Michigan
Oil common
Die
Sugar
Mid-West
common
86c
—
Casting
3%
.
6%
Oct
1%
Oct
* 7%
Oct
Jan
,
3%
1% May
4%
Jan
Jun
77/s
"
358
.:
6,750
' 4
3%
3
-
Abrasive
100
•
2%
•
1,450
.
Oct
34 V4 May
Jan
May
'
Kinsel
Sep
273A Aug
Jan
6%
/
Jan
802
'27 Va
6%
Oct
7%
1%
5% Jan
163%
16
«
1
13%
im Sep
7
1,184
3,400
24
23%
^
—2%
—-J
Motor
-.6%
9%
—
——5''
•
Hudson
6%
—1
11%
Jan
Jan
7% Mar.
225
13
72% "
Oct
62%
1,215
11%
71%
—A.A——l;
a—
:
72%
_1
common
Grand
Valley
13
-10
Brewing
Graham-Paige
'11%
13 m
11%
1
-
common—
2,470
5% Mar
7%
Jan
1%
2%
Oct
32c
2%
1%
Jan
Jan
99c
Oct
Jan
4
Oct
Jan
3%
4
Oct
100
2%
Feb
320
13%
Jan
19%
Jun
1,185
3%
5%
Jan
8%
Oct
'Aug
'
Murray
Packard
Park
17%
Corp
Motor
Car
,
17%
v
common
]
3%
Feb
388
29%
Feb
•
Parker
Wolverine
For footnotes see page 2052.
5,247
-'•-J/- fV;
611
611
-J
15%
13
15%
9
7%
Oct
Sep
30%
Oct
Feb
Jan
36%
•
r.,
-30c
20'
100
Oct
Jan
123
Aug
•
27%
•
•
62%
80
17%
16% Aug
03A Oct
7% Aug
62%
Feb
18
112
16%
Jan
27%
Oct
270
503/4 July
533/4 Jan
75 " Apr
62 %■
Oct
83%
Oct
Jan
74%
6%
Jun
50c
Oct
12c
18c
61,500
9c
May
'19c
Feb
20%
13%
Jan
22%
45c
Jan
85c
-19%
Jan
33%
a32~
Co
80c
188
188
75c
.4%
4%
j
Jan
3%
36
25%
Elec
Oil
Oil
Feb
45c
Oct
55c
Sep
75c
Jun
18c
23,200
8c
Jan
23c
Apr
Signal
80c
14,600
20c
Jan
95c
1.25
121,525
29c
Apr
Company
-
Oil
Taylor
Milling
Oil
Calif
Corporation
Fix
Lines,
Inc
Air
Western
Mining Stocks—
Alaska Juneau Gold
Black
Mammoth
Gold
Calumet
Cardinal
Gold
Mng
Gold
Unlisted
Mining
Mng
Co—.
Mng Co
Company
-10
10c
10c
Co———-1
Ltd
25c
Co———25c
Smelting &
35
1,142
445
6%
6%
18%
24
24%
1,372
103% 103%
103%
15
May
27'A
Oct
53
Oct
Jan
17c
July
Jan
72
July
Jun
19c
Oct
Jan
Jan
38
36
Oct
Jan
40
Jun
Jan
57%
Jun
Jan
45% Jun
5%
2,488
...
10
39 Va
110
25
17%
Oct
39
210
1,985
243/4
24%
Mar
1%
31%
30
50%
Oct
13%
32V4
30%
38'/a
45c
Jan
737
432
45
Jai>
Mar
31%
50%
Oct
8%
17% Mar
31%
43%
Oct
24%
14% Aug
26% Jan
31%
38%
15
430
Sep
7%
,
•
Jan
Jan
25
10% Mar
19
20 Va
Jan
99
Sep
Oct
Oct
25%
103%
Mar
Oct
20%
22
550
153A
Jan
28
31
:«•;
31
31
133
25
Jan
31%
Jun
30
OCt
a27 % a27Vs
50
16% Jan
Mar
>
220
6'A
9c
10c
3,600
7c!
7c
7c
3,000
lc
7%
7c
77/s
Jan
8%
Jun
Jan
lie
July
7c
Sep
May
May
5c
6c
16,100
2c
Sep
9c
3C
2%C
3c
27,000
2c
May
5c
Feb
9c
7c
9c
8,000
6c
Mar
lie
Jun
Corp
—•
18
Oct
al87
14
50
a——5
—
American
Viscose
Anaconda
Armour
Copper Mining Co
Co (III)—a
Corp.-
16%
16%
Refining Co—
*
—100
Tel & Tel Co
Oct
&
999
60
■■
Stocks—
Amer Rad & Stan San
American
7c
20,500
17%
31 Vs
a
Imperial Development Co
Zenda
19c
8c
4c
54
Aug
-
Cons
Mines
355
52'A
17
1
Showcase
20% Aug
413A Jan
100
25
—"
•
&
A—
Universal Consol Oil Co
Weber
6% May
463
147,900
31%
2
—25
*
10
1st pfd—-—*
class
Preferred
Jan
15
Corporation
California—
of
Jan
%
7%
34%
1
—1*
Corporation—
Sunray
Transamerica
Union
Companyof
6% Jan
33c Mar
10%
69
'
Jan
Feb
410
12
19C
59 3/i July
Jan
483%
20
•' 200.
69
17
25
25
Co
v.
14
A
(Calif)
51%
945
•
Oct
38
273/4
51
51
6%
preferred class B
a
5%%
preferred C
Southern Calif Gas 6% pfd cl A
Pacific
13/4
69
Corp
Corp
Oil
43%
41% May
1,700
13%
-
27%.
25
Southern
Jan
Jan
2,280
45c
1%
Oct
353/4 Mar
20
7%
7%
Oct
1.25
34'/a
90
13
Oct
80c
38'/a
180
common
10%
10
138
67/a
3/8 Aug
1,000
-
a58% a58%
a57% a597/e
Southern Calif Edison Co Ltd
Standard
43%
37%
a26% a26%
Oct
Oct
43%
37%
6
1,505
a40% a40%
—a.——a—>.
Oil
'if
10%
Corp
Oil & Gas Co
Petroleum Co
Signal
Oct
30c
600
40c
Corp
4%
5,100
48c
Co
Trading
Sinclair
Jan
Feb
65c
12c
14c
43%
Stores, Inc
Company
Security
Sierra
1.45
Aug
75c
45c
10
common
Aeronautical
Ryan
6,037
Oct
192
Aug
1.05
Western
Safeway
4%
July
60c
70c
Co
Oil
183
65c
Indemnity Co
—
Lighting Corp common—
Warrants
13
1,000
Oct
Aug
35c
65c
Republic Petroleum Co common—
>
315
72%c 75c
Co
Mng & Dev Co—
&
3,700
a32
—
Co
817
22%
a31
;
1st preferred—————a.
1st pfd—:————
Richfield
Oct
6% July
25c
75c
Petroleum
Oil,
Ranch
4 Mar
22%
10,900
5%%
Pacific
350
5%
95
15% July
3% Jan
50c
Co
Manufacturing
Pacific
520
20%
Corporation, Ltd
Aircraft Inc
Petroleum Corp
Pacific
450
6,400 '■'/
;
22%' ;>
Oct
18c
Co—
Gas
,
Sep
45c
10c
Corp
10c
Oil
Oct
i Oct
611
"12%
95
5%
1
:
Oct
75c
Jan
Oct
8ep
100
80
-
Oct
33 Vb
869
27%
62%
-
Oct
18 %
Feb
13
200
31
30 Va
-
Jan
510
( 400
•
18
.
Oct
Mar
12% Mar
<43,600
•
71%
18
—
Oct
6
415
9%
:
71%
*
Sep
30
16% Aug
263/4 Jan
10% Jan
27% Jun
IOO
950
75c
Feb
Jun
3%
Jan
92
•
v
17%
45c
22%
Investment
Oil
Pacific
Amer
2,745
Chemical Co.
Parke, Davis & Co
17%
■72%c
Aircraft Corp—:
Diablo
Rice
Consolidated
1,335
18
a29% a30%
-A
1
Co
Angeles
Oceanic
Oct
1 % May
700
-
16
.
High
Low
2
7i0
1,840
2%.2%
: 2%
McLaren
Burroughs Adding
Burry Biscuit
4
Occidental
S
3
14%
a29%
,
30
80
Petroleum
Nordon
Shares
f
rv;;ur 30
52%
75
60
■
30
17%
50c
Northrop
Sales
High
2%'
:
29%
'
for Week
of Prices
Sale Price
;
Rubber
Mt
Exchange
Low
\L
u;
al5% al5 %
22%
Co
Merchants
STOCKS-*
94'
92%
Petroleum
Oil
Jade
Los
Electric
160
1
Motor Car Corp
MaScot
Allen
77
—62%
Hupp
Menasco
Range
243A
28%
Co—
Foods
Lane-Wells
Week's
7
206
al23%al25%
Feb
Jan
21
132
common
Hunt
Lockheed
a-
■
Jan
30 V« Mav
Jan
1.75
415
36
10
Corp common—
McBean & Co
Development
Holly
Randolph 5530
Last
3
3,280
n
100
2
n
common
6,184
.
Oct
5%
Apr
1% Mar
36
30
.1
Paint
Corp
al23%
Bank—10o
Radio
-
Motors
Gladding,
DETROIT
Friday
&
'
a303/4 a303A
1
—
5
263A
•
100
*
-
Inc
(new)
Electrical Products Corp
Exeter Oil Co Ltd class A_——
&
43/4
113/4
25
100
7%
6%
50%
2,700
33%
26%
*v
•
America,
30
52%
75
3%
♦
—-
—
of
Industries
Intercoast
•
Corp
Consolidated Steel Corp
Preferred
Dresser
•|
■
5
—
1
52%
;
100
—
a31
Uich
53A Apr
3% Aug
173/4 Jan
'
Chicago Stock Exchange
Building
72%
•
com
Goodyear Tire & Rubber Co com
Hancock Oil Co "A" common——
Stock Exchange
Detroit Stock
Corp
Corn
700
65
52%'
1 i
—
600
43A
a31
50
Consolidated
103/4
4%
]?'&■ 4%
Bang* Since Jannary 1
Low
103/4
•
Packing
General
Members
Telephone:
common
Investment
General
Ford
l
preferred
Garrett
York
4121
Sales
Shares
High
Low
Berkey 6c Gay Furniture Co—
1
Blue
Diamond
Corp.
2
7%
Bolsa Chica Oil Corp
——1 :.4%
Broadway Dept Stores Inc common
*
26%
Byron Jackson Co.,
*
Parnsworth
Watling, Lerchen & Co
Co
Corp
Barnhart-Morrow
Farmers
V,
Detroit Stock Exchange
TRinity
for Week
of Prices
50c
Petroleum
Chrysler
7% Jan
9%
a62% a63:
.
f
Youngstown. Steel - Door (Un)—•;
New
Week's
:. Range
Bale Prie*
Par
Aireon
Creameries
|
LOS ANGELES—
Friday
STOCKS—
Jun
31
30% July
Unlisted Issues
Angeles Slock Exchange
Oct
7
Jan
Jan
3%
3%
a34Va a34%
;
-
.
185
9%
—
|; Youngstown Sheet & Tube com.—.—*
21%
60
' ra62% a62%
U:a78% a8l%
'■■■ Warren Refining 6c Chemical———-~2.
i
White Motor
——-——1
2
160
—
,
Los
29% Sep
204
25%
—
20% Jan.
58
6
al7% al7%
;
—
of
Oil
'
v. 22%
22
27
48
4-"
Seiberling Rubber
—
Oct
a275/« a28%
31
- 31
—
|V, Republic Steel (Un)
Street
Last
^
—
•599
38
•
—
Oct
16
a27% a28
'
...
West 7th
2IO
; 40% Oct
'• 14
{,( Nineteen Hundred class A
—_—*
31
Wi Ohio Oil
<Un)_i—-—————*■
al8% al9 %
i< Patterson-Sargent -a—..
—23
23%
f> Richman
Oct
280
Jan
Listed
Oct
12%
33
12 %.
-
—
?
:0H Y Central RR (Un)
|?
60
693
14
>
•
:
a
Jan
8% Mar
40%
-
FACILITIES
Member Los Angeles Stock
Exchange
Jan
BROKERAGE
AND
Sep:
15
15
*
_f—lv-1————I '
Tile
39 %
30
FAIRMAN & CO.
Get
10
38
a—*
:—.—10
-a
26
Jan
39%
39
•
Jan
110%
Oct
8%
COMPLETE INVESTMENT
Oct
Feb
56%
16%-Jan
106
485
12
.
40%
39
i;|= Medusa Portland Cement
f$ Metropolitan Paving Brick com—
National
208
107
.
L 6c T
m Lamson & Sessions.^
}«■': National : Acme
-26
a56% a60 %
Island
Kelley
26
107
j
Interlake Iron (Un)
.
*
Interlake Steamship .—'
J i
W.
;
(MA)
i;V Industrial Rayon
|
26
107
10
j % Halle Bros
23%
45
-
37% Aug
48
Jan
,
a58
163%
a60%
al84%al87
86
673
12
(fan
42%
Jan
161
Feb
50% Jun
183
Sep
50% Jun
100
50%
Jun
38%
405
29 %
Jan
39
10% allVs
120
6%
Jan
11%
a59
38%
a
445
a59
.
Oct
Oct
THE COMMERCIAL &
Monday, October 29, 1945
FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
RANGE
'
t
Far
Corporation
Aviation
Locomotive Works «cOil Co
Baldwin
Barnsdall
Aviation
Bendix
S2££?3iSS Srp
Borden
Co
"15
——-T——
■
Co
25
-25
-
Service
Co————-*J
Continental Motors Corp
Co (Del)-..--7——--j>
Crown Zellerbach Corp —5
Curclss-Wrlght Corp
General
'■yy 540
10%
$ 100
v
IS
Interlake
Canada
Int'l Nickel Co of
Tel
*
Tei
&
v
Car Co
Inc...
Pictures,
Paramount
Phelps Dodge Corp
Pullman Inc
Oil
Pure
Co
;
*
*
_x
Corp of
Radio
J
America
capital
-♦
;
-
Inc
-*
Brands,
Standard
Oil Co (Ind)
Oil Co (N J)
Webster, Inc.-
Standard
Standard
&
Stone
Corp
Studebaker
;
17 ft
a27 A /
ij—
25
10
Water Assoc Oil
Carbide & Carbon CorpUnion Pacific Railroad Co
21
Aircraft
United
Corporation
U
S
S
Steel
—,-10
Corp
Western
12% -,
Westinghouse Eiec & Mfg Co—
Woolworth Company (F W)
--
a48/» a49
&49
10»
Jan
9%
60%
Jan
293
Oct
Jan
8c
Mar
7%
Sep
10%
Feb
193/8
Oct
Jan
5% July
...—I
*
3%
4
500
1%
Jan
4% July
38%
Steel—
•V.
,
375
34
383/4
Oct
34%
35%
145
27 s4 Mar
35%
Oct
34%
35%
535
31% Aug
37% May
38
Air Brake
v
STOCKS—
.
;
13% Jan
17 Yi
Apr
Jan
52 Yt
Jun
Jan
35%
Jun
35%
Jan
57%
4134
Oct
18 y*
Oct
Jan
30%
Oct
34%
St. Louis Listed and Unlisted Securities
Oct
67 y2
31 y* Mar
.
Jan
11% Jan
18%
.
Jun
Jan
59
39% Mar
Jan
21
84 Yt
Apr
98
117%
Jan
'
-
49 V2
25
'
125
364
27%
127
Jan
3%
l'"''
59%
13%
Apr
300
44%
Jan
330
31% July
150
41
8IV4
Jan
225
•vyy/v/■
York
Stock
Louii 2, Missouri
'•.; -••-•■:/: / "-.v
'
■■•./"•',/■■ ;'• v
Phone
CEntral 7600
,
Chicago Board of Trade
Bell Teletype
-
/
York
Curb
47
Jan
Exchange
Associate
Oct
St. Louis Stock
37% May
Sep
Tel
American
Exchange
17%
Jan
816
157%
Jan
17%
115
10 y8
:/> 115
10%
Jan
124% 126%
VyV 126
RR
Manufacturing
Philadelphia Electric Co common
$1
preference
common
4.4%
preferred
Phila
Elec
Phila
Insulated
Philco
Power
(S
Oct
Hyde
Sep
128
923/4
Jan
1,485
9%
Jan
11,422
16»/4
Jan
y ;V
433/4 Aug
i'
Sep
D)
&
Hydraulic
—
600
51%
Oct
2,138
62
Jan
75%
Seu
Oct
96
30
Mar
10
25
8
Co
36%
19%
Oct
36%
Oct
Laclede
12%
14%
780
12%
Jan
16 Ya
Jun
12
225
6%
Jan
■17%
123/4
2,021
7% Jan
13%
Oct
8y8
8%
4,275
•5% Jan
39%
41%
3,882
23%
y: 23
5
common
02
Co
Key
20%
19%
61%
Light common
Steel
Laclede
Landis
39>/4
common
Gas
Acme
&
Oil
Aldermac
Algoma
common
Preferred
—
Aluminium Ltd common
For footnotes
see
page 2052.
45% Oct
12
Oct
700
;
6%
24%
9% Jan
18%
Sep
4% May
6%
Oct
Jan
24%
Oct
Jan
25
Oct
Feb
17%
50
24%
"
8
20
y/yyv245'/
115
17%
343/4
278
20
Aug
303/4
10
19
Jan
37% Mar
i.*;
;
1
—8.33
common
Goods common
.*•
342
43%
Oct
St
21
Jan
28%
Oct
Scruggs-V-B
689
24%
Jan
28%
Oct
118% 1183/4
15
116%
Jun
Sterling Aluminum common
Stix, Baer Si Fuller common
10
32%
Sep
Wagner Electric common
15
20
40 %
Oct
-
11%
2
28
Jan
Oct
343/4 Oct
32
16%
Jan
Oct
Oct
Feb
122
Oct
31
30%
32
1,378
20-
20
9
27% May
17% Aug
209
32y4 Mar
23%
:
383/a
yy
Louis Pub
Serv
Inc
197/a
Jan
29 y8 Mar
St
20
36 3/i
Jan
45
Scullin
May
L
Serv
Pub
LISTED
Steel
class
A
1
——:
16%
16%
5
47.V
49%
308.
27%
1
com
common
20
20Va
125
11%
22
22 Va
100
45
45%
25Q V
25-yr conv
inc
3s_
•/•'.
98
1951
STOCKS-4
%//////-
43/4
69%
4%
66 Va
Anglo
Shares
of Prices
Low
434
2,050
69'
2,855
Low
r
.
2% Mar
44
•
19
19%
1,060
100%
100%
101
260
99
9c
9%c
7,500
25
27
535
1.95
25
2.00
1,000
'
10c
16%
10c 10V2C
16%
16%
10? % 10?%
100
125
125
126
40,500
50
Mar
Aug
Sep
7%c Jan
19%
125
9c
14%
Feb
Mar
July
Feb
] 5
97
Feb
30
95
Feb
High /
/
5%
71
19%
102
'
27
Week's
Jan
46
Oct
Feb
101
Oct
'I Oct
99
Aug
98
Aquarius
.
Area
Oct
1.09
L'; 20,350
7.60
V
Jan
9.60
200
74c
6.000
58c
Sep
20c
6,100
16c
Aug
1.13 Mar
May
9.95
Oct
97c
May
27c
v
Jun
49%C Oct
41C
39 %C
43c
56,300
10c
Jan
95C
1.10
30,100
21c
Mar
28c
Aug
50c
May
6%c
Feb
21c
Mar
July
32c
Oct
45 %c
50c
89,850
9c
Mining
Ashley Gold.
11c
6,000
29c
47c
50c
5,300
41c
74c
71c
80c
488,360
35c
1.20
1.34
40,500
4.00
4.10
2,350
36c
Mines
Aubelle Mines Ltd
Jan
40c
27.875
15c
16c
7,550
Aumaque Gold Mines.
Jan
Aunor
15c
133,025
24c
48c
Astoria Quebec Mines
74c
3.60
"
Geld
Jan
1.00
Mines
Yellowknife
107
Jan
73c
100
High
LOW
100%
73c
Arntfield
Atlas
107
/
9.60
Gold
Armistice Gold
May
Range since January 1
■.
High
1.03
Mines
Arjon
Oct
Sales
Shares
19c
Oct
Oct
■
•
—
Porcupine
Gold
=
for Week
105
pfd_
Oil
18%
103
Oct
80%
Range
Low
20c
129%
23
35
98
of Prices
Sale Price
■
Canada
Canadian
Jun
14 %c Aug
235
of
Anglo Huronian
Range Since January 1
•
High!
Jan
MARKETS
Aluminum
for Week
/'
Oct
Oct
13
100% 101
1964
Last
y/v
Sales
Range
Last
49%
20y«
WEEK ENDING OCTOBER 26
Exchange
Week's
Feb
Jan
11
:
■yBONDS—
160
24
42%
17
•
Oct
200
1,050
17%
30%
Rice-Stix
19
——
Oct
Jan
34
Oct
5,407
1
Copper
Steel
45
23
39% Feb
Dry
Oct
28%
Sale Price
—*
Oct
Candy
8V2
42%
"
Surpass Shoe
Oil & Gas
Agnew
Ajax
July
6
27%
41 y8
100
Sugar
65
27%
28%
Friday
Preferred
20%
Jan
I3/* Feb
Missouri Portland Cement common—29
y'V"
Acadia-Atlantic
Jan
47%
615
11%
6
Canadian Funds
_•
143/4
146
25
27
.42%
100
:
62
:
17%
Friday
Paper common—
Oct
50
41%
4
25
common
273/a
Toronto Stock
preferred
Oct
23
24%
Jan
32%
RANGE FOR
6%
33%
Apr
455
5>/2
20
common
Machine
National
CANADIAN
Abitlbi Power &
Jan
16
6
42%
'
—;
5
41%
v
23%
par
22%
,715
20%
62
11%
commonLi-—.-—
Clay Prod com
Gas
27
———.
y
Mar
50
22
r;.^;//vy/:45//v-45:;-;
_._100
—
Oct
23
27%
'36%
stocks—
Oct
10
July
80
—1
*'
20
~
Oct
80
36% Oct
Jun
12 V8
8%
1
Oct
63 3%
Jan
Laclede-Christy
10
:—.—
Co common
preferred
14%
Jan
45
1
-
74%
41
Reading
73/4
662
14
80
International Shoe common-
11 Ya-
25
pfd
Q%
High
Low
22
Brewing common——10
Pressed Brick com
100
Preferred
24% Oct
1
Range Since January
High
50
Park
51%
12%
Wire—-
Corp
2nd
Huttlg
18 %
2iy8
y
70%
14%
•
•
100
13%
common—.—,..1
50%
*
1
50
50
Pennroad Corp
Salt
Jun
80y2
Falstaff Brew
22
•
50
Lehigh Coal & Navigation
RR
Power & Light
National
Penna
Electric
Low
♦
Coca-Cola Bottling common
72%
Lehigh Val'ey
Shares
.100
preferred
common
22
'
Pennsylvania
Mfg
Oct
31%
Jan
20%
Brothers
Gimbel
Burkhart
50%
Light
of Prices
1
common
3%%
36%
&
Motors——
for Week
Sale Price
"
common
L)
23%
Battery
Storage
Electric
(E
23
common
Power
Delaware
General
10
17
124%
Co
Inv
Shoe
Bruce
Century
25% Oct
186% Oct
-
>
24% Aug
573/4 Jan
474
19%
Corp
Pub
Curtis
y
29%
78
78-
17
Mfg Co common—
Salea
Range
*
28%
Budd Wheel Co_
Chrysler
High
205
Works v t c
Bankers Securities Corp pfd
IE Ol
Low
25%
Baldwin Locomotive
Budd
American
Range Since January 1 y
High
24%
Week's
For
184% 186%
24%
;186%
_100
Tel
&
-:/•;,%
./.■j|iTOUKS^yy-'
.
American Stores
SL 593
.
Jun
Brown
Shares
Low
*
Oct
20 %
49 y8
New
for Week
Par
v
Exchange
■'St. Louis, Stock Exchange
Chicago Stock Exch,
8ales
Range
of Prices
4
Sep
1%
1,128
?"■,
1871
Members
New
Oct
67%
v
■
,V,V..v! ./ .v/' ':.;-,
■n.'iCi-.: v'/vv
•
V
32 yt >Jan
58% May
309
160'
iv„
Aug
Sep
'
/'''
Nortk 4th St., JSt,
300
Aug
MO1,
33% Feb
1
Established
Oct
45
•/.'
'
Edward D. Jones & Co.
Oct
150
V'
~
Oct
17%
V*
Oct
47
Sale Price
-v /
Jan
38% Oct
29%
Last
'V,v
9% Jan
13/4
•
Westinghouse Electric Corp com—12 Va
Philadelphia Stock Exchange
".'v
Jan.
33
Vanadium
Oct
2 :
5c
50
100
Oct
Alloys
SOC
>!: 9 '■",.
4'/8
Common, vtc '■
Westinghouse
1,050
7c
6c
9
Last
■
Oct
Mar
.10
17%
Sep
34%
413
Week'*
Oct
9%
Jan
22,500
2
1%
.
Friday
Friday
62% Mar
156%
Jan
,4%
Jan
4
Jan
Jan
6%
100
v
.8%
8-v.-:
Jun
4% July
Jan
58
Oct
12J/2
4%
28%
140
9%
8%
9
2%
July
9%
Jan
118 3/i
85
Oct
,
15
Feb
l3/8
128
V
147% 1473/4
27
Feb
9%
5,381
1,800
3%
3%
60%
3%
6
202
4%
7% Oct
C
.
17%
16%
Jan
25
9%
113/4
147%
25
•
:—%
5%/Apr /.
common———~1
States Glass
United
20% Mar
37% Oct
1
,a
Jan
10a/4
'
Oct
64
.
17% Jan
10% Jan
45
a^2 A a54 /a
r 34/2 34/2
18%
141
4
: ————1
Mining—1
.1
Shamrock Oil & Gas common—
1
Standard Steel Springs
1
Oct
48% Mar
293/4-Oct
100
:,ii%
3% Aug
24 Ya May
300
4%
Brewing' pom.——*
11% Aug
9% Oct
;,y •:'
Jan
20%
73/4
■.
Oct
.18% Jan
26%
7%
25%
Renner * Co
33%
539
/ /
—
110
Oct
19%
Feb
Jan
1% Mar
328
Ban Toy
Mar
367
A18 A a.20
—
24
29%
38s/8
■
.
% 5% July
Jan
13% .14%
10
*
Corp
I
y
Apr
.4%
•
Preferred
Oct
26
115
JVa
9%
300
24
1
1
Mfg
Pittsburgh Steel Foundry com
Oct
145
21
175
253
293/4
*
10
Fuel Supply
Fireproofing
Oct
41%
,275
17 /a
11%
'v~3
—10
Refractories
3%
13
8% .9%
3
■
High
28% Jan
25
187
Feb
8%
Jan
138
JoiUn
—•
5 ; v
U—'1—*
20 Ye
.
Oct
101 %
Oct
Range Since Jannary 1 /
155
5
19%
11%
*
Pittsburgh
Plate Glass
Pittsburgh Screw & Bolt Corp
Jun
Jan
.
Oct
39% Sep ;
Low
36%
5
19
Gas
Star
McKinney
July
188
a69% a72 /4
—j.,
—
Inc
Union Tel Co A
Pictures
Bros
Warner
Jan
27 V*
19%
Oct
■
—
High
.'35%
.*
com
5
Brewing——l.-.I
Mountain
Sep
550
IT
9 /a
69%
Jan
33%
3,222
1^7/01 ?«s/!
—
i
Co
Rubber
U
(Del.)—
Oct
30% Oct
43
'>•
3%
47%
V 21%
Sales
Shares
Oct
11%
Jan
Lone
May
42%
14
5%
185
<$
United
United
31
Jan
16% Aug
820
100 al38% al36/6al38 /8
10
-4 a^8/a a^?,/4
5.
—
a39i/
oi7
Inc
Corp—
Oct
Oct
32 V8
19%
40
——
Air Lines
Walker
12%
37%
110
Union
a
Harbison
Jan
754
a497/fl a49%
,
Jan
Jan
9%
..
for Week
Range
of Prices
Brewing
28V4Mar
240
Week'#
Sale Price
Oil
Duquesne
Fort Pitt
Jan
22
365
59
57
—
Devonian
Oct
Pittsburgh
48%
4,277
J?n {f ^s/8
a49%
7%
3,045
—a37»/8a37%
4'
Aug
59%
25% July
•
620
a66% a67%
--
—-25
Gulf Sulphur Co
Texas
Tide
.■■■
..
Co
Tfexas
41%
—/
Sep
12%
35% Mar
200
Itu
a«% a46%
41% 41A
-
t
25
25
*4
Co
Swift &
16 A
45%
Jan
9%
468
37% 3®%r
—
—
50%
j..
„.
Jan
Electric common
*
Commercial Corp com—1
Jan
103
® 4
30%
Gas &
Continental
National
26%
i1?/4
«
5%
30
565
-
15
•
254
a
;
40% Mar
155
™s/ ™/4
26 ;8' 27
—
Socony-Vacuum Oil Co
Southern Railway Co
Columbia
a61 % a61/8
a20% a21 %
26%
*
Oct
Oct
648
a22,^a223^
—
*
Republic Steel Corp
Sears, Roebuck As Co—
New
41 /8
a33 /a
a61%
b2 1%
.50
—25
Pennsylvania Railroad Co
16'/4
48%
402
7? „
In,/
—ri
Jan
Jan
18%
.
,
Company
Motor
4%
9%
215
27% 28%
27%
-1—■*
aJjj A
10
• .26%
* 4s 18 /4
18 /2
»*
—
8
-100
•
Co
Gas
Natural
38%
396
'a««f #««v
J® A 88 y®
—
?
fTOCKS—
25
345.
•
—
Co
American
Oil
Ohio
Jan
"S>» 30V
39%
Blaw-Knox Co
Clark iD L) Candy
60
ik
Montgomery
North
Arkansas
Oct
955
a44/8
39%
JUlegheajr Ludlufu 8teel-y—.'-j-r.
Oct
Oct
a34 ,8 a36 /•
;
39%
Oct
Oct
3
l3/, July
3% Jun
-v
■:
Jan
Low
8%
•.//'■
13%
it
18%
59 /4
/4
Oct
29%
a25% a28
a43 h a^%
a26
18
Robbing Inc—
Ward & Co, Inc
New
York Central RR
North American Aviation Inc
McKesson &
„cf>7/
2,336
20
Oct
'403
"
»34 ,8
/
./
1
Packard
59
—
36
27.
Sep'
Mar
■
Jan
45
Jan
21%
l«st
Oct
y
Jan
v-
38%
y
Oct
5%
■•
241.
20
y,Fri«apy
25%
19%
'
1% Jan
1% Jan
.
1,625
72%
Jan
Apr'*,
21%
Oct
16
^
Jan
9
21
1,874
.
y
P5«T-.'U£I 47%
Oct
Pittsburgh Stock Exchange
Oct
Oct
2
Feb
Jan
32
/
V
Jan
58 Yn
•
Jan ;
,-
%
-13%
—
Oct
32
;
405
a5g '• a5Jy®
J A 9%
,
J
.
Corp
Kennecott Copper Corp.
Int'l
?'3,
—
9%
%20
1,125
al7% al7%
al5/8alo/8
.9%
——
*
2|£ 2f£
59/4
Northern
Iron Corp
Great
575
150
150
8
3»^ 28%
a2Hla
t
18
Westmoreland Coal
L
10%
23 V* Jun
Jan
H
Jun
May
i;
3%
3
47%
common—
preferred
United Gas Improvement
A3
57%
v
224
1
23/4 V.3
——
United Corp
Feb
1,300:
2%
.
%
42%
'
.;//■ 229
70 y8
2%
■'j
yy
Aug
197
27 Va May
Jan
6%
I
Jan
•
29% Mar
5,350
'^Ur^-6 5
■.
J
X
Corp.
Ry Co pfd
ify*
,
4%
16%
-
73
®24% a24%
'V
—
*
General Foods Corp
£33%
42
20% Feb
33
Preferred
Jun
19%
%/
2%
com
153/4
;
56%
693/4
70%
Corp
High
102
100
>
56%
Mining
Invest
Low
23% yv/
y
63/4
•y: 63/4
common
Oil
Tonopah
©ct
38%
•
23%
—
Oil Corp
Paper
Transit
52% Oct
Jan
170
a32% a33V8
1 fa
J ■
,
27 %
/
Jan
39%
205
*32%
—
Graham-Paige Motors
Oct
Apr
»JA
,
a28S/«-
&
Power
Electric
Aug
94%
Sun
Feb
49%
39%
a43/2
—
5
Co
Light Corp—.
Electric Co
Electric Bond & Share
24%
Jan
270
a?2y *a9%
-
.
Jan
68%
Jan
J./! ?«!/!
1«% JO A
Continental Oil
}
17%
Jan
'
a33
2
1 ;/
1
Vultee Aircraft Corp
Cons
Scott
17%
.
--
Commonwealth Edison Company—-25
Commonwealth & Southern Corp
Oct
34%
;
Columbia Oas & Electric Corp——-•
Commercial Solvents Corp
——-
Jun
0403/. «51%
—
(J II
Cities
9%
30%
140
,
—
Dome
Range Since January 1
High
22
•63/4
Motors
Jan
125
V
.—
.
•}»«
Reo
48% July
40
532
:
Apr
Aug
5%
565
»25V"
■
1
rf
Borg-Warner Corp
Canadian Pacific Railway Co
Case
*
Shares
Low
25
890
*
'
98
Jan
a44%a4S'/.
„
tor Week
High
Salt
1,490
vy
29
21/»
^
~
77%
230
84
«2<"«
\
Corp
-
'
a99%
100
a97% %, a97%
-3 $■
8/2 : ; g ,s
13 ' V—
28%
5
21%,v 21%
AT&SPEy Co
STOCKS—
Range since January 1
Low
High
Low
Sales
Range
of Prices
Friday
Shares
of Prices
Sale Price
V
STOCKS—
Week'e
Last
Sale Price
for Week
Range
Last
26
WEEK ENDING OCTOBER
FOR
Sales
Week's
•"/
Friday
,V
■■■■.■■
,■
Mines
Oct
Bagamac
Mines
Jun
Bankfield
Consolidated
Mines
-
-
13c
/
1.39
'//
1.03 May
Jun
88C
Mar
v
Jan
Jan
Oct
%
1.90
Apr
4.25
Jan
10%cJun
Oct
Jan
60c
May
22%cApr
l
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4433
Volume 162
CANADIAN
RANGE
FOR
LISTED
WEEK
ENDING
MARKETS
OCTOBER
26
Sales
Week's
rrul&j
Last
Range
for Week
Sale Price
STOCKS—
of Prices
Shares
Low
Dome
Dominion
Coal preferred
Dominion
—.
22
120
18
13
13%
885
11% May
_
9%
Dominion
THE
MEMBERS
BAY
293
TORONTO
STOCK
Foundries
Preferred
Dominion
STREET, TORONTO 1, CANADA
A
•/
, '1
Cable Address:—"Dohroadco" Toronto
Branches:-r-KIRKLAND
Inv
Friday
Week's
Sales
Last
Range
Shares
77'',77 Low
Bank
Montreal
of
Bank of Nova
Bank
of
Stores
-—:
Class
Bear
717c
:
class
Power
-
'•
Apr
5
1.22
Jun
2.35
1.23
Oct
Gold
i
■—
—-
r
British
Class
.'
Oil
American
Columbia
British
B
35c
34c
37c
7 32c
32c
55c
Broulan
Gold
48c
Building
Gold
13
635
1
1.34
1.20
1.52
33,540
_1
1.32
1.30
1.35
38C
■•i. 38c
39c
Jan
29%
:
i
Caldwell -Linen- Mills-1st
Canada
Bread
•
;
7 V
;
36c
3%
77
64c
Oct
67C
4Vi%
/
Jan
18
Ford
2%
Sep
33c
Class
600
5.00
Canada
Northern
Packers
Class *B
.
550
5,500
150
10%
17%
Steel
1.94
15,800
35c
60,225
1.85
1.86
1,000
5%
100
Qc
.28
70
72
15%
1,207
129 130 %
50
11
35
7:->—^~7———*
% i
Steamship
175
46
78
Oct
Tire
——,
Grull
Oct
Gunnar Gold
Oct
Gypsum
781
11%
Jan
661
39%
7
Jan
Jan
18%
180
18
/July
Canada
B
]M
class A
Wire
Class
Bank
Canadian
Breweries
ZIlio
Commerce
—•
common
19
Feb
Hamilton
14
3,975
Sep
Harricana
Fref erred
Canadian
Canners
common
*
_
Zi.
preferred
———
v7:iV
preferredf
:
♦
& Fdry common—
New preferred
lll25
•
23
Sep
Hasaga Mines
Heath Gold Mines
25
24%
25
23
23%
15
16
;
$1.75
Celanese
preferred
Canadian
Class
Food
Class
B
Canadian
-"7
Alcohol
;
Pacific
Canadian
Tire
Canadian
Wallpaper class
Cariboo
Castle
Gold
58
Jun
Oct
39
Sep
Sep
13
Oct
10%
20
Sep
12%
Oct
Hudson
ZZ
*
-7
0
21%
Z
ZZ
22
22
77*22:7
O?7.27:7
2.90
Apr
1.80
Oct
1.80
Jan
1.00
Jan
Jan
12,200
12 %c
Jan
Oct
Gold
Mines
Central Porcupine Mines
•
X
z
77
-
22c
—
7
33C
class
Internation
Centremaque
Gold, Mines.
Chateau
Wines—
Gai
Chemical
47c
*
Research
'j\
1.71
Chromium
Mines
1.25
Circle
Knitting
Bar
•
--7.-:.
•
Malartic Mines
Citralam
Cochenour
Cockshutt
Willans
Plow
Gold
Mines
Co
*
54C
1.71
i.r>3
17%
36c
30c
.
:
7
1.75
/ 20
43c
5.25
14%
14%
555
74C
32,535
70c
42c
2.02
2.02
2.09
•
1.75
1.72
1.80
/
/
2.42
Feb
1.50
! ?
Jun
14%
Jan
17%
Oct
Sep
75c
Apr
5.95
Jan
7
,
■
Sep
Jun
i
83c
Aug
85c
May
..
Bakeries
Consolidated
Mining
72%
1.44
1.45
1.15
1.15
1.16
3,760
1.50
1.46
1.56
11,650
1
Mining
27%
26%
27%
315
1
1
Patricia
'
1.45
Crowshore
,
155
630
•
Imperial Mills
croinor Pershing Mines
.
—
^
Conwest Exploration
Cournor
70%
77
15%
71 %
100
Smelting
Consumers Gas (Toronto)
Cosmos
15
5
—•
———
&
Gold
Cub Aircraft
72c
68c
>
209
68c
'7 92c
71.75
91c
92c
1.50
1.75
Joliet
Quebec
Apr
Kerr-Addison
Davis
Petroleum 7
Leather
Class
Delnite
■'
Denison
class
>
Labatt
75c
Sep
l.ake
Lake
Lake
Shore
2.10
Jun
Lake
of
8,600
12%c
28%
Sep
11% Aug
1
Mines
Seagrams
For footnotes see
7
page 2052.
•
.
7
Mar
Luz
2.00 May
1.60
1.70
1,000
1.15
Jan
Cc
6 %c
2 500
3%
Feb
13
85 %
1,300
42%
Feb
85%
Mar
Oct
Luuih
record
Oro
100 100%
38
12%
50
v;
...
22
.
Gold
Jun
13% July
15%
Apr
1.40
Jan
Feb
100
Sep
30
*
Oct
Anr
July
101% Aug
Oct
1,425.7
31%
Jan
41
21
Sep
24 Vi Mar
90c
Jun
3.55 Aug
-
1.15 Jan
1.50 Sep
.
7
.
■
■"
11
i
■
-
>.
21c
59c
Oct
Jan
24c
Oct
3c
4,143 ;
Sep
10c
7
Jan
13C
Apr
|
|
j
{
47c
8,100
28c
Jan
July
U
lie
12c
36,802
5%c
Jan
18c
Apr
5c
7c
9,320
3c
Jan
12 %c
May
t1
•!
65c
65c
70c
25,900
55c
Jun
1.35 May
.* j
1
41 %C
38c
47c
38,700
35c
12c
■y
.
18
28
200
15%
16
7,880
11%
1.60
1.70
1,700
50c
1.65
1.78
44,000
32c
37c
13,050
•23
23%
1,092
7.25
5.95
8.00
79,420
1.08
1.06
1.10
16c
14c
18c
22%
22%
23%
28
28%
25
6.00
6.25
800
m
27
—*
—*
1
Exploration
Ltd..
Mines—
:
Ltd—-
Milling
——
Candy—
Mines
Oct
16%
22%
23%
Mines
22 %
Jan
71c
40
t
7 45c
46c
-
J
a
Feb
Aug
5,505
■■■y,
V
;
■
17% Aug
Jan
9,200
39%
21%
8%c
*
.—
Lapaska Mines
Lebel
13%
350
.'...
I
Oct
12
;
2.100
9Q
36
May
V.
—1
Mines
Sons———
Lapa Cadillac
81%
&
15
1.00
Oct
18 Vi
740..
28
Feb
37c
f
"
Oct
35%
15 %
—1,380
99c
99c
54c
Jan
Sep
; 20
5,055.;
15
13%,
Jan
26c
•
8%c
Mines
—--
common-
28%
————-
Gold Mines—:
Lamaque
13%
1.09 Apr
,
———1
Mines
Lang
1.70
22%
14%
f
j
50c
30
;/.25
100
*
.
Mines,
13
July
34c
;
j
:
Oct
17%cMay
6c
*
Woods
31% July
81%
1
common
17c
Jan
650
270
Apr
7; 7102
21%
4.30 Mar
Jan
Mar
27 ViC
35,500
Gold
Fortune
1.12 July
Apr
15c
12%
Dufault
Jun
12% y
36
16%
:
\
Oct.;;
'
36,100
195,600
•
——
Mining
60c
29%
7
Feb
Sep •;
15%
.
i
:f
Apr
20
3Vic Jan
16,200
1,110:
:
.
35
32c
7 38
(John)
Labrador
60c
29
3.05
•
—
300
14c
49c
28c
15
Feb
29
43 c
32%
Jan
25c
32,050
49c
149%
14 %c
71c
22c 23 %c
7 Aug
Oct
1.25
Jan
10%
34,100
13c
45c
142
•
*
Mines
Distillers
:
40,100
21%
Townsite
*
•_
A.——.
B
27,405
46c
28%
—
Lake
La
Davies
4.10
40c
'<■
1
Hudson
1.92 Mar
3.75
23c
Kirkland
Oct
14,895 \
46C
Kirkland
V
15%
*
Oct
Sep
■14%
8c
18
400
Jan
1.35
14 %c
1.45
74%
55c
65c
Oct
1.70
16
1.60 Mar
'
Anr
1.45
Jan
27%
V
20c
1.54
49
Jan
t
1.45
Kelvin ator
Jun
Jun
;
Oct
1.54
Mining
Kayrand
2.25
2.09
.
Oct
250
22
*
Jan
23
96c
—1
Mines.————50c
Mines
Consolidated Gold
M
Jan
-1.00
94,100..
48 %c
13%
—
Jellicoe
1.33
May
;
1
..
Jan
14%
*0
•---
1.45
14 :r
Oct
36
——--i-—
9,700
42.950
•v
7
2.26
16%
10«
Kl-kland
Consolidated
Jan
Jan
44c
ordinary-5
7
June
54 %c
3,600
—
—
Mines
Jason
J
15
35c
,
77 2.075 7 '
24,480
i.
801,600
—J
—
Paid
Jacola Mines
12% May
Jan.
'] j
77c
29c
i
Apr
43 Vic
66c
?
65c
200
11%C
.
>
Mar
95c
A
Gold Mines——.
Jack Waite
;
1.25
13c
Petroleum
Uranium Mining
Mountain
Island
Jacknife
43c
2,750
300 ;
Jun
1.50
2.94
16,880
42c
.5
Mines
>
May
Oct
1.07 Aug
20c
20
32%
7
60c
25c
;#•
91,110
4.90
70 %c
7
yy
195
17%
Oct
77 Oct
Mar
Mar
T, 1.151 Apr
9,050
1.25
Coniagas ; Mines—1
Coniaurum
4
25c
932
2,800
62c
Oct
52c
7,300
777'/ 7
14%
•
Petroleum
7
4.95
,_1
Commonwealth
__
37c
a
Lake
Coin
-77
1
•
30c
Chesterville Larder Lake Gold Mines—1
-
'45c
7:
_i
1
11 %
-
72c
;
43c
—
20'/c
Erie
International
May
;
Oct
10c
-1
Mines
preferred
4 % 7c
Oct
16c
3.95
International Nickel Co common
2.95 Aug
17%
Apr
Apr
j
i I
.
5%c Jan
60c
ill
Imperial Bank—Imperial Oil
Imperial Tobacco of Canada
Imperial Varnish common
Inspiration Min & Devel
International Metals class A
Oct
Jan
/ 68c
-
-■'I
Jun
Jan
11,450
»j
Oct 7
Jun
9
j
I
■
32,900
2.00
67c
&
Oct
Oct
6Ve
6,930
:
.
7202,730 >
10c
.1
Ltd
Jan
•ij450
15%
5
& Gas
Huron
Oct
4.50
Feb
15%
7
Jan
6%
19%
—
Hunts
Jun
16
1.85
10c
Hugh Malartic Mines..
21
1.89
400
23c
12
101%
Oct
4,300
1.74
2.80
21 %c
Oct
20%
•
32c
80c
Mininar & Smelting
Bav
3.10
.
2,695 V
—
Oct
'
Patricia
Central
Gold
ADr
37c
1.91
.
I
Apr
15c
927
16c
34c
•
Gold Mines
Hosco
24c
*
Oct
Jan
5,770
2.55
1.60
2.70
V'.
Apr
Jan
7.:
85c
10 %c
;
20,500
s.
11%
82c
15c
Oils.
Jan
15%
77:7 75
2.50
.7
1.35
11%
25
27
11
40
Jan
101
155
22
7'
Apr
Mar
"10%
;
4,118
27
2.53
.1
6%
16
20
17%
21
y^Zv.ZZ'-
Quartz———
Trethewey
17
i>-
■
385
101% 101 %
z
m
B—„
Boxes
,
""
17%:
;
Howey
70c
9%
84c
58c
Oil
Homestead
Oct
y
17%
j;
Oct
5c
1.25
Yellowknife
Homer
Feb
530
8%
4
7
Apr
-14%
3c
4.50
8
7 11
7-:
1
—
Consolidated Gold Mlnes-
Bollinger
6%
12,527
7c
4.15
'■
76,200
7
—•—
Scarcee
Dauch
&
16%
11%
.'vZZ
Hinde
10
;
6%c
8%
:
.—1
Oct
32
50 y -
39
25
Wirebound
Jan
37
19% May
?
1,514
y
1.24
Rubber
Canadian
45%
10%
36
1.10
Ry
&
10%
37
1.10
ZZlOO
preferred——
30
i
1,565
12%
*
Oils common-^siy-i;^—
A
Oct
<
6,820
17%
12
10%
Canadian
33
.
13 y
llll*
*mm
Canadian
Apr
95
17%
17%
——-
Malartic
27%
390
.
Locomotive
Highwood
30
10%
com
Canadian
Heva
Oct
38
19c
Cadillac
Oct
7 450
57
.—I
Mascot
16%
29
13
-
Industrial
25%
Hedley
23%
37%
*
A
Canadian
•
com
J
54
54
IZZ25
30
new
v
Oct
Feb
Sep
715 7
14c
Mar
54c
Jan
•
•
Octi
16
22c
Jan
8%
'
10
685
1
33
32%
-
Products
59%
7 23%
Apr
23% Aug
17% Feb
1,166
J
common
i.——
Canadian Dredge
15%
..
Gold Mines
■
'V
—
Canadian
Jan 7
44
340
,.77245
23 y4
Conv
Canadian Car
58
23%
56%
23
7
_
1st
51% July
'■
22 %o
16%
Mines—
20 %
::
Jan
3,500
;
Oct V>
Oct ,.f
14% Feb
>
Aug
Jan
11c
Oct i
6%
Aug
12%
-
2,445
4.45 .?•;
.
Harker
49
35
:7
6 Vic
.—I
Oct
77 6%
186
.
7
130
16 7k,.
15c 77' 2,100
77
Zi
Gold
...
46%
14
-_1
Gold Mines
Rock
9
46
15%.:
———
19%
'
7
31'y
j-
y;
Oct; |
32
.
Carpet
Harding
Hard
%' Apr
16 %c
;
•
':)i
4
Mar
6%
32
26% May
55
40c 43 %c
1
Cotton
10
Jan
8
-
Jun
.1,585
—,
Jan
July
7::
32 ■77.-..
Apr;.!
23c
'
Apr
\
Mar vi
16Vic
Apr
23
13%
.—1
Ltd
Bridge
4
360
...
j
*
Sep
:
57
.
11c.. Jan
i,ooo
1,095
6%
6
111
Apr
53% Mar ;
32 7.'
#?";■ j9
15%
90
Oct
Junr'--
10c
V4 Vic Jan
•
-
Sep 7
1.40
Jan
'■
-
Oct
24 Vic
Jan
,
' i
Oct
95c
71c
3c
40
,
46 J/2,
•
Aug
-7
:
-
Jun
33c
,
H
(i
Mar
14c
Jan
July
i.79c- -Jan *
,77 160
\ 7,750
7,;
15c
6%-:
6
Apr
Mar
May
7 1.10 Oct
65c
.
f,
!
35C
26c
13%
Mines
Jan..
5%
1,215
.
19%
19
782
Apr
23
16%
,16%
,16%
70
60
306
76
23
Bakeries, common.;——
Canadian
24
40
24
9>/4
76
•
•———-
Canadian
.
1
Ltd
Mines
Mines
4c
-
6,000
*
12c-
15c
Hamilton
'
108
56%
lie
31%
9
common—
—
Mines
Gold
Hallnor
I".
24c
85c
:
Sep
I:
.54,365-
-
6c
108
.
Lime & Alabastlne
Halliwell
Oct
47
,
1.40--
55%
V
;
50
Halcrow Swayze
45,000
15c
Oct
Oct
22c
5c
32
—
—
26c
232,700
1.20
Wihksne-
11%
Apr
7
.
Mar
28c
Jan
..19,200
6%
common-.
_
35%
12%
'
108
.6%,
Jan
95C
70c
5c
.
vtc
:
Jun
9%c-
19c
55%
.
Wire
Greening
;
11% Jan
-Jan
21 %c
157,150
.7 9,800
-
—
Paper
Preferred
Oct
Oct
Apr
7 27o
40,375..
90c
.
i-
preferred
Preferred
.
;♦i,5oo
57c
-
1.30
common.
Mines
7%
158%
665
7774:'
— 8c
—
—
Bousquet
Sep
57
Rubber
&
—
Great West Saddlery
v
105 %
;
Oct
Jan
'
Common
/
Aug
130%
1.10
.1
—.
Mines.:.—
Lakes
Vtc
.
7 18% Oct
Apr
86c
•
—1
6% Mar
101%
90c
8c
_1
;———--
Mining ——;———-1
Grandoro
2.40 Aug
Apr
,
Golden Manltou Mines
Great
7
Oct
21%
r
Feb
3%c
13,750
.
25c
19 %c
32%
...
..165
18
44%
common.;
7* Preferred
Sep
18c
62c
_1
Oct
105
Mar
9c
8,050
;
16c
,
Mines
Gate
19c
24 Vic
Mining-
Aug
35c
Feb
13% July
Apr
May,;;
6.50 Mar
3,160
24 %c
:
-1
Golden Arrow
7 2.15 Feb
Feb
118
7 48%
1,040
:
18
173
17%
Canada "
18
100
Mortgage.
7 30
Oct
9.25
15
101%
Oct
;
87c
Sep
10%
.
40
46C
:
92c
Graham
32
97
50
Oct
29
...
Feb
July
4.40
Apr
6% July
Jun
30
,
Feb
21
1,325
,,,
7.75-
17 %c
.—.
Goodyear
25%
Jun
15c
Jan
52c
65
7.;7
21%.
20
7.50
64c
Feb
10
195
151,575
3,150
13
12%
—:—
Goodfish
Jan
24%
Oct
78
3% May
90
-
•V;;.'.
4.80
Mines Ltd
Eagle
Golden
5%c
11,500
102% 102%
-1
Jan
Apr
Jun
5%
r
Lake
Apr
24
7. Jan
9%
50
35%.
_i50
•
Permanent
63
157
7/
50
11%
A—
Canada
10c
Oct
101,
105
14
4.60
'5
65
: 1,044
87c
-
57
Jun
Oct
35
July
3
,
.
.
32
68c
Sep
6.25 May
27% Mar
28
Jn 31
11
35
7
6%
Jan
4.30
'•
,30
...
28%
July
Jan
8
.
Sep
9
4% July
30
4%
3.10
'Jan
i
Oct
1.50
1,175
'
53
is..
28
_1
May
Oct
5
80
70
*
Power
class
77
101
101
1.70
49
14
1,195
33
33
1
2,540
105 105%
Gold
20 %c Aug
25
2,060
6%
Gold
Glenora
Jun-
>13% 8ep
1.70 Jan
27c
10%
Preferred
V 24 7 Aug
Jan
27
20
1.78
10%
Wares
/•Preferred
1
16c
75
—
Goldhawk
Jan
""
19
855,120
8
preferred
Sep
•
2.43
8
Power
5%
General
Feb
6.50
Jan
1.75
A_
class
Gatineau
.
Jan
2.45
65c
Jan
31.
3 Vic
1.84
Exploration
78c
7.18% Jan
1
23
Jun
Co—.—.
Goldcrest
8%c Jan
Oct
14%
Mining-
Gold
God's
Jun
23,200
33
Apr
Apr
—■
Snops
Goldale Mine
•
Apr
11%
_—
Frobisher
v;
6.75 May
Mar
38c
53c
B_—;—'
73 %c
Jan
12%
..100
Canada
Apr
3.05 May
105
4%
Canada
of
Jun
74%
Sep
7
■
Candy
Kirkland
Co
Jun
Sep
95c
5%c
f Canada 'Malting—-7-'. —77:—• i
,
21c
Jan.
53,225
Gillies Lake-Porcupine
27
59c
*
Preferred
Sep
2.26
8,900
29,400
71
Foundation
Jun
25%
Apr
1,700.
50
:
Aug
8c
28,000
,
14
Grain
11
Feb
23% Aug
6,300
5%
class B
Apr
47c
1.15
Giant Yellowknife Gold
20%
712
V
44c
19
common.
Bread
2.40
Sep
14
1
28% Aug
Feb
8%
-
Farmer
Federal
Feb
22%
118,600
5.95
'.
preferred;;.7——100
Canada
Jan
37c
1.10
14 •■■■■'
*
25
B
Life
Francoeur
Sep
14%
405
28% 728%
Canada Cement common--———
22c
5.10
Mines
Electric ..class
Fleet Aircraft
;
Jun
1,690
7:'";7-7
7—1
-
2.50 Mar
1.15
Preferred
Apr
■7 1,775
*
pfdl—.7—
Lake
Red
Jan
1
—
Gold
Federal
>
67c
22%
Calgary & Edmont»ntw-^7-^7777.„----*
Calmont Oils
^^-1
Campbell
Oct
Oct
98c
4.100
31%
;':7
45c
-4%c
;
•Burlington BteeLi-i—__k-vi-3—7—.
Bums; & Co; clhss
.
19
11%
5,800
10c 10% c
30%
|
.
May
Oct
25
40C
' /
Jan
24
5.80
Bunker Hill
,
Jan
Jan
7%
1
-*
Machine--
Gold
Fanny
14
Oct
12% Oct
55c
y
32c
4,932
63c
*••
:
15%c
2.10
;40c
c
Products—.
•
10c
;—*
Steel
Washing
Equitable
Sep
18,300
11
62c
Anr
Co__.
Falconbridge Nickel
Famous Players—.
Jun
1.46
Mar
7%
t
22,500
22%
47c
:.'v "x'Z- .v—
m
Mnies
Oct
14
240
4.75
English
Mar
25%
1.90
777:
Oct
10
1,660
62c
'j
-
Canadian
20%
995
18%
10%
'
Buualo
Jan
20
18%
10%
4.25
Eldona
15
Oct 7 7,
1.40 Oct
f
27
Oct ;7
Jan
Aug
7 30c
26,100
1.90
.-1
v£
32c
3%
3%
;
74c
•
;-'7y'173
Jan
55c
u
Zi
Buffalo Ankerite Gold Mines.
19%
10%
Mines
Sullivan
Easy
Sep
12c
24%
N
Jan
9.50 Mar
145
17%
24%
25
•
i
20
18%
•
.
Mining
Elder
40% July
30
7 18
8,750
48c
■24%
»
Mines
12%
16 Vi
——
-
Porcupine Mines, Ltd
Buffadison
•
24
British Dominion
7 210
Feb
90c
10,700
19c
Power class A
—;—
15,500
14
12
-• v;
;
36c
18c
"5
Distillers—-—.i
&
/Brewers
JUn
Amphi
Eastern
1.90 May
Feb
161
7
38,200
35c
3
29%
7/45
91c
12
•
Brazilian Traction Light & Pwr com
1.40
26%
74c
18c
.
-17
__
Oct
12
4.35
Oct
22%
,
1,100
13%
;
7
381
14
1.15
,
50c
;
172
14
719%
14 r.'Jan
*
:10
-
171
735c
.
-i
Mines, ana
29
26%
Boycon Pershing Gold Mines-—
tiralorne
29
^
—♦
Mines
37%' 38%
80c
.
———1
Gold Mines
45
Mar
3
Feb
24,775
115
.
BobjoMine8(Ltq..——L—-,.—1.
Bonville
Oct
Apr
7
2.70
Oct
133,509
!
*
.
Bonetai
3%
5
2.60
24Vic Mar
1.37
14
Hats
7; Blue Ribbon'common
■
12 %c May
5,200
'
1.69
172
.—1
Bldgood Kirkland Gold—
Biltmorc
Mkr
102
Apr
4,095
2.70
Oct
1.30
—.
--
Jan
35 %
Oct
20%
Feb
2%
41
1
Jan
5
1.47
i
Sons--
-Bertram- ■&
•
Jan
30%
7 230
37%
Bros class A—,
——
B__:
-7*—i*—
Berens River Mines
-:
30
Oct
5
19
Bell Telephone of .Canada——.100
s
26% Mar
27% May
20
17%
Class.
% ■ Bevcourt' Gold
14%
100
30
11%
East
Aug
235
160
1
—1
.——5,
Jun
Sep
8 Vi July
41
East Malartic Mines
20 %
1.35
Quebec Mines
Mines
13 %
30
11%
_.
Chemical
&
Jun
Oct
7% July
(20
,
16 Vi
Apr
9%
25
280
3
Jun
23 % July
11 %
Gold Mines™J7—1
East: Crest. Oil—„•
East
High
,
Apr
1.62
Radium—
&
16%
235
7'■••••7
7
B_
Exploration
Belleteire
6
16%c 17VaC
19
A
Beattfe Gold Mines Ltd
Beatty
29%
5
--
Low
y
7.1,540
29%
29%
—
—_—
Base Metals
101
3
Feb
common-:. •
—_
Tar
Woollens common
Duquesne
Range Since January 1
7£^;77.
High
19V4
19
29%
Scotia-———,-
Toronto
Bathurst
19
1,;
Barcelona Traction
19%
100
29
July
for Week
of Prices
19 %
100
2a '
B
class
Dominion
Donalda
Sale Price
19'/a
,50
Steel
Dominion
STOCKS—
10
1j
com—:
preferred
Dominion
.7 7.
LAKE—TIMMINS
;
Scottish
Dominion
Telephone:—Waverley 7411
7%
—100 ^
com
Magnesium
Dominion
EXCHANGE
400
7%
-i* d
Malting.:;Z——-2.ZZ—-■** "
Steel
&
25 %
50
30
29 %
•
Dominion
DOHERTY ROADHOUSE & CO.
9 '/2
29%
common-^.......;'
Dairies
High
1,410
21%
»
_
Bank
Low
28%
10
25
Ltd
Mines
Dominion
Range Sinee January 1
High
27%
Par
Canadian Listed and Unlisted Securities
2049
.
1,300
-
1.00
July
Jun
Apr
29 Vi
Jun
16%
Sep
Jan
Jan
21%
Sep
Jan
1.05 Mar
,
59c
Jan
Mar
14c
2.35
60c
2.25 Aug
1.78
49c
Oct
Sep
23% July
8.00
Oct
1.76
Jun
24 %c Apr
12c
1,213
f
Jun
17 Vi
22,600
Jan
24% Mar
24%
Jan
35
5.75
Oct
7.25
Jan
9.15 Mpv
Apr
Jun
8.60
8.50
2,666
6.15
20
20
50
15%
Jan
20%
Oct
13 Vic
13c
15c
17.600
9c
Jan
2:2c
Apr
30C 31 %c
11,600
25c
Jun
40c
S*-p
—
——y-——
i—
————
30c
19
*
9.00
19
20
820
4 %c
5c
10,500
——
4%c
15% July
3c
Jan
20
Oct
10C
Apr
THE COMMERCIAL &
Monday, October 29, 1945
FINANCIAL CHRONICLE
LISTED MARKETS
CANADIAN
OCTOBER 5Hi
WEEK ENDING
RANGE FOR
Week'*
Utt
Range
fer Week
Sale Frice
r„
STOCKS—
Low
i.40.
Leitch Gold Mines. Ltd
1.40
1.45
25c
26c
110,000
i
Gold
~~~~
1.31
1.20
1.48
1.91
2.04
28%
?
26 te
27
__m.•■•■■■■
■
\
McColl Frontenac uu
Preferred
1.35
33c
44e
13
12%
13 te
2,600
27%
27 te
100
r
McMarmac
12%
107
I,121
107
8c
9C
72
1.6O
1.60
1.72
gc
37c
26c
;
HI
16c
18c
7.90
8.50
21c
*
pfd
Light Heat & Power
91
30C
5,800
20c
Jan
15
670
12
28%
29
55
28
National
29%
National
20
te
250
1.45
1.50
g
!
40c
38c
35c
32c
36c
2.75
57
58
102
90c
1.02
Mines
Calumet
Yellowknife
Nlpisaing Mines
—
SXmKriTTMiW.::"-:::!
Mines
Northland
Northern
8,900
20c
Apr
5,100
6 tec
Jan
20c
Apr
6,349
64c
Feb
89c
Apr
27c
31c
167,200
27c
Oct
15 tec
J
"#
15 tec
17c
1.16
460
6
6%
6%
6%
-r
6,/(|
Omega Gold Mines——
3.35
3.65
43c
48C
5,600
38c
Apr
58c
Ontario
Loan
Orange
&
Steel
34C
27,600
22c
Jan
40c
Crush
32tec Oct
68c
Gold
Oils
Pacalta
Parbec
Partanen
385
205
12 %
51c
Oct
1.20
7c
Sep
18c
Plcadilly
41c
43C
2,800
40c
Oct
92c
1,000
50c
te
31te
2,635
26%
1.70
1,80
9,240
1.19
40c
45c
29c
27c
19c
19c
n*Ar
7 tec
rf.
29
71
•
*
Gold———
—
Gold
Gold
Porcupine Peninsular
Porcupine Reef Gold Mines
Powell
River
Powell
Rouyn
—
J
East
Dome
Proprietary Mines
Purdy Mica Mines
Purity Flour Mills
•.
37c
Jan
88c
259,400
36c
Oct
59c
400
5% May
1.06
Jan
18
Feb
k
1,100
25,400
24%
1.27
J
Sep
24%
Oct
98c
Mar
81c
Jan
2.00 May
1.65 May
7
Apr
12 te
Jun
Jan
1.98
Apr
13 te
Aug
17 te
Oct
2.45
Jan
345; May
536
lite
Apr
15
Sep
500
15c
Feb
40c
2.65
2.80
9,110 "
14%
14%
Jan
1.15
:.1 17
7,350
210
45 te
46
1.01
Long Lac
Mines
Rouyn Merger Gold
Royal Bank
/
50,.
San Antonio Gold Mines Ltd—»———1
Sand River Gold Mining
J Scythes Ltd new common
Creek
Breweries
20c
Feb
60c
2,500
•
10
30
.J/
10c
66c
Oct
Apr
18te
Jun
15
90
18
19 te
40
40 Mi
400
34c
7,500
8
3,675
31 te
.
5.50
10c
-1
nn
io»
-13 te
37 te
I
.285
10
1
1,360
5.80
6,350
lie
3,800
250
13%
110
1.25
111,600
20%
;
; /,
20 te
165
1.50
74c
■
3,700
>
74c
.
77c
33
;
si^a
1.60
; 33
25
33
200
33
<
21,904
Jan
Oct
>28% Feb
285
24c
2%
Apr
.
National
Andian
4.05
12 te
235
24
26
1,265
21
3.235
100% 100 te
145
WO
1001/,
Simp^n. Ltd A
Preferred new
For footnotes see page 2052
.
Jun
'
-
95
July
]
;
Oct
3.30
46c
Get
Jan
38c
5.00
Jun
35c
Jun
65c
May
97,500
3%c
Jan
30c
Oct
9%
Feb
18
Oct
9,000
45c
2 6C
Section
^Preferred
Co
Brown
Canada
Jan
28
Sep
61
Aug*
62
550
34
May
63
Sep
53
130
Apr
160
July
160
4%
7,300
•72 te
'76
615
16%
16%
135
4%
5%
—2
<: 2.10
Lumber—
;—i—
'1
i-
J
•
;
Preferred
*
.
com
—
—
Bridge
—
Paper
Donnacona
—
Foothills Oil & Gas
—
Hayes Steel i
Shoe
Humberstone
Paper common—-
International
Langley's
preferred—'
Ltd
Minnesota
&
Ontario
Paper—
17
18,635
,
2
Jan
Aug
Sep
15 te July;
5aA
Oct
2.35
Sep
57
:
Jan
14
-te
28c
35c
31c
Sep
8
23,162
v
-
*
50l/4 Mar
15
•f57
te
1.65
200
12>/a
6,850
Jan
40c
Feb
."•5" 25 s'
Jun
Sep
Oct
15
'15
23/4 Mar
25
120
130
65
73
Jun
130
."te 17
17
35
17
Oct
17%
Oct
40
655
29
Feb
40Va
Oct
m
362
10
Apr
17
Oct
.....
—•*
•
—^
*
*
100
15
—100
5
preferred
Steel
9 te Mar
Jan
:
Oct
76
_
*
——*
100
—'
Aircraft
deHavilland
Dominion
vil-
—
•
43/4
Jan
11
i
2.20 ;«•
56
—*
—*
Westinghouse
Dalhousie
2.25 July
45 V*
225
•14
1
Western
Canadian
I
150
.
—
Consolidated Paper
Disher
22%
50'/a July
13
Vinegars
Marconi
Canadian
■
150
440
58 te
100
*
-—
Canadian
te
27
60%
4»/0
Mills
Apr
24 te
27
—
Silk
Jan
18
40
22
59%
common.
Preferred
Bruck
Range Slnee Jannary 1
Low
High
Shares
.
High
22
Pulp & Paper com—•
100
British Columbia
for Week
Range
of Prices
*
*
*
Ltd
gales
Week's
*
Asbestos Corp
Atlas Steels
Selections
Oil
39
38 te
17
'v;M5
■
Oct
■
1.27
Oct
1.58
Feb
Feb
23 te
Oct
19
Feb
23
Oct
300 '
22
Jan
44a/g
Oct
10
26
Jan
55
1.27
1.45
3,400
21%
.21
21%
100
20%
80
44%
20%
',
44
44%
te
;
15 te
11.40
•
.
Oct
51
'55
16 te
14%
16 te
10,555
5c
5c
5C
500
90c
86VaC
99C
27,500
2.65
2.50
2.75
6,883
1.30
Jan
99.
100
55
953/4
Jan
100
2%
23/4
tete*., 50
55c
Feb
3
Oct,
10c
12c
3.200
7tec
Jan
19c
Apr
55
i
——
—1
—.—;—1
Grain preferred-100
Osisko Lake
Pend
Oreille
Reliance
Stop & Shop
Temiskaming
*
—
1
Mining
113A July
16 te
Oct
Feb
93/4C
Feb
Apr
•
Acadia
and
400
Oct
8
Oct
37te „Oct
6.00
Oct
of
Co.
Aluminum
Canada
Apr
Oct
125
106 3/4
•
26 te
Asbestos
Corp
;
;
Bathurst Power & Paper class
British
19
A—:—*
Telephone
Light & Poweri
Bank Note
American
July
1.60
82c
Oct
Mar
British
Columbia
Class B
;
Pr
Corp
—
29
Sep
33
Oct
Sep
33
Oct
July
May
9
May
15% Feb
10te
99
16 te May
13
te
12'/a
26
Aug
Oct
Oct
Canada
Cement
Preferred
Canada
21
Oct
Canada
Iron
101
July
Canada
Northern
253A
20 Va
223/4
24
24%
20
:
•
.
19 Va
Oct
565
100%
Oct
24
3VB y;S%;
23/4
"
16 te
22.Via
23;
21
•
15
common.—
—
*
te
25
25
"
11 %
Oct
Feb
i02te
Oct5
94te
127 te
255
100'/a
Jan
Jan
Jun 1
Aug
13
Apr
54%. July
330,
170
.
2.479/.
July
Jun
19te
Sep
Oct
Feb
172te
Sep
161
2,577
Mar
5,062
Apr
173/4 Mar
Feb
153/4
935
525
20
55V8
28
14te- Jan
20
1,415
;
107
28
Sep ;
20 te
Oct
153/4 Jan
,
2,845
21
Jan
26'/a July
3,625
2
May
4% July
425
4 no
17
Oct '
11
;
Jan
lite
465
1
Jan
24
Aug
17
Jan
24
May
15%
Oct
1,408
It 9 l/a
;10
1193/4
Feb
130
Oct
25
40
?o
Jan
27
Jun
45
10
Jan
12
Jan
11%
Apr
Oct
12
*
14 te Mar
25
Jan
130
15%
15
129
100
—•
■-
Jan
97te
41
21%
yv
9>/z
20
5
50
17
22 te
21
.
100 ;
17>/4
17
.
——■
—_——5
Forgings class A—
Foundries pfd
Power Corp—
Jan
Apr
19%
171 te:.' 172
.
"
25.%
—*
As___——'•
!
•
Building Products class ABulolo Gold Dredging
,vte
Bruck Silk Mills
29%
18 te
172
"17
*
-
26 te
55
27te
•
.
July
25
,
High
Low
9934 Aug
100%
14
55
-100
Trac
1.45
pfd
100
153/4
Brazilian
63c
Oct
17
102te 102te
125
126
106% 106%
153/4
15%
102 te
Amalgamated Electric Corp—z—-—z-A
Anglo Canadian Telephone Co pfd—50
Mines'-—-
22
14
*,
100
z
Bralorne
Jan
Oct
950
19%
25.
z
Ltd
Bell
1.06
2.75
Range Sfeee January 1
Hioh.
100 te
100 te
——100
-*
Preferred
Acme Glove" "Works Ltd
July
Feb
Shares
19
19
Atlantic Sugar common—' ~
Aluminium
41c Aug
Jan
1.20 May
for Week
Low
40 te
Oct
Range
of Prices
Sale frice
STOCKS
Mar
16 te
Feb
Sale*
Week'*
Friday
Last
14
31c
24c
Funds
Canadian
22 te Mar
Jan
Jan
3 tec
Montreal Stock Exchange
18c
9
12te
12
.
14
Jan
Jan
t
«
68%
72,OuO
4*0
2'^c
VaO
Sale Frice
—
12 te May
12
14
12
.
^^
Apr
4ic
Apr
8c
4*>R
Low
5tec Jan
570
.13%
3*
12/a
J 9%
common
——
te
615
23
Agnew-Surpass Shoe, common.,
Algoma Steel preferred
z
Sep
18 % May
528
13%
new
Oct
42,900
38C
•
,
wj
105
9,195
-
.
Mines
Feb
20C
3oC
July
65c
420
.
99
11%
Last
May
35
42c
Sep
36V2C Jan
26,900
.
Oct
351
Jun
28c
52,500
6te
5.50
,
Jan
70c
Jan
11 %c
47C
400
v
^
vtc—_
new__
Aug
4%c Jan
18'/s
18'/a
—v
1
Gold
Dairies
35c
5,000
;
29
11
Jun
'
"
Gold
t*herrttt--Gordnn
3,000
32,100
18
—
•
preferred
—
50C
34
!
Jan
20c
Oct
8%c
,
Oct
10
Feb
12 tec
43c
*
common
Senator Rouyn, Ltd
Shawlnigan
1.39
Jan
,
42c 52 %c
®i
>
100
Corp
July
18c
28c
rn
-10
Mining—
Lawrence
80c
9,060
34
*lc
^
,
Preferred
8,421
44c
;
1.63 Feb
21
18
Knitting common
1.15 Mar
1.00
37c
1.77 Mar
May
15 te
46% Oct
50c
——
Russell Industries common
Jan
13c 14y2C
Mines—%'• -*•
^
Royalite Oil
Mar
45c
11%
8%c
,
41
94c
--
1
te May
10%
4i
1
6
700
"
—J
*
A
y
87/s
1,575
930
Reno Gold
Gold
;
21c
22% July
Oct
300
1.85
8
.
Jan
9
5,100
1.06
11%
8
Mills class
Apr
18 te Mar
■;•••
1.76
5
-
1.01
70c
25c
3,200
1.00
Oct
65c
925
1.15
,
64c
1.01
——*
22
650
24
~~
—1
—
Apr
Oct
Sep
» a
'
1.75
Jun
-r
1
Oct
7.10 July
Oct
38C
13,900
54c
40
Mines
Oct
8te
4.45
45c
16
10
*
Riverside Silk
Preferred
28,010
43
21c
Regcourt Gold Mines
Silverwoods
77c
11
*—
common—
—
Reeves-Macdonald
Sicks'
May
July
53c
A-oa
v
J
1
Mines
Queenston Gold Mines
Quemont Mining
Sheep
16c
4.35 Jan
1UJ
Gold
A
Feb
65c
r
Class
5c
2.40 Jan
--
*
Preferred
St
20,800
50
Oct
i
Apr
Oct.
98
1,590
Friday
Sep
.
Preston
Ryanor
24c
22
1.20 Jan
€5c
75
STOCKS—
Apr
Oct
6,450
•
Mining Co
Metals
Rochette
64c
17c
4,450
-943/.
Gold———
Pressed
Roche
24 tec Aug
4.25
»
Corporation
Quebec
9,000
20,000
14,275
141,250
Oct
;
5.10
Jan
20%
i
te
,
1.05 May
26c
Jun
Mar
69
>
■
Apr
Canadian Fnnds
Oct
1.47
19,950
84C
Toronto Stock Exchange-Curb
Jun
6.50
~r
Voting trust certificates
Power
2.12
Jan
8te
39c
•
b
*
Co
Premier Gold
York
Oct
4.05
--
*
31 te
6.30
1
1
-
47c
1.40
1.45
70C
"
Ymir Yankee Girl
1.40 July
9c
36
,
Mines
Mines.—
Aug
f
8c 1 Jan
22
Pioneer Gold Mines of B C
Mar
23,277
■k
1.30
80c
•
Mines
Yellorex
67 ted.Apr
21c
8
—
Jan
9
30c
71c
•
—
A
Porcupine
Pickle-Crow
Mines
Gold
Wright Hargreaves Mines
Feb
Gold .Mines
Engravers
1.33
-—100
-1
Preferred
Winora
Jun
34,467
,
195
—1
•
Oct
11,400
9c
*
Malartic Gold Mines
common
Wiltsey-Coghlan Mines
Winnipeg Electric common
Oct
Sep
12
-
Photo
10%
6
65c
•
,
21%
100
Oct
12
Paymaster Cons Mines Ltd————*
Pen-Ray Gold Mines—-,
*
Peoples Credit Securities
Perron
22
54c
J
_
Mines---
Malartic
112
90c
Pandora CadiUac
Paramaque
10%
Jan
16 te Mar
107
100
7%c
g3,
0
———;•
Porcupine Mines Ltd
Pamour
5
B2
4ic
^
J
(new)
Ltd
preferred
4 te %
Apr
Sep
c
59c
Mines
—.---
Hersey
"<*
-0
112
9%
ft77
„
Pacific Oil & Refining
Pacific Petroleum
Page
112
50
Preferred
Orenada
47,256
40c
32 tec
go-
common
common
Products
Oct
22
Debenture
Lake Gold Mines
Westerns
6,294
1,030
<
32c
3.40 Aug
3.80
96 te
20%
—■*
1
1
*
0
,6% Jun
Jan;
2.59
Sep
17c
1,000
23c
23c
60c
3.70
Mar
31c
-*
43,400
94 te
*
Worts com
Malartic
Feb
o2c
.
87c
July, i»
16te Mar?
.
ll%c Aug
97,800
76c
-1
3.90 Apr
2.26 Mar
17,325
12c 13tec
te
Mar
6
Oct
11
Oct
14c
Apr
1.30 Sep
1,193
Sep
24
46te Mar
July
3%
195
6te
Sep
70c
SO
Oct
8c
9% Jun
-
r
July
3te
16,650
—*
Ltd—
—
6% Sep
46c
O'Leary Malartic Mines———
Ontario
7%
Jan
.
^
Jun
Jan
40
10,000
2.45
:
Mines,
2.60 Apr
J 1.t
Mines—
'14 te
*
1.63 Mar
5% Jan
980
Feb
Apr
Sep
5
1,660
.
26c
3.15
;
Oct
2.00 Oct
1.05
-•
^
33c
12tec Jan
4,700
2.00
Jan
7c
41,300
1.07
2.00
1
* ^0
--te—•
Gold
1.65 May
July
10c
Mines
Oils—
Okalta
80c
Jun
80c
North .Star Oil com—
O'Brien
59te
Jan
7te May
36c
May
20
78c
Oils
3.00 Mar
Jan
Feb
29c
Twines
Preferred
2.35
50
Oct
Apr
48c
Oct
Sep
16 te May
30
,
Mines
Apr
14c
,
Empire
May
9C
.
Canada Mines
Northern
Aug
64c
76c
ite/.'etec
Norgold Mines Ltd.
—--—Nor metal Mining Corp Ltd
Norseman
35c
Jun
76c
Oil———
Nordon
2.75 '
Sep
Sep
75c
30c
Mar
"t
23
Feb
27te
20
385
13 tec
Wasa
Feb
29 te
21%
—„
West
29c
35c
29,800
1,500
32,400
3,420
1,915
II,600
11c
——-
2.65
571/2
New
Nib
Vicour
Westeel
1.85
42,425
29 te
12%
PreferreS
1.26 Jan
:r-1y-
43c
34c
—
150
34c
Negus Mines
New
Bidlamaque
3
6,625
250
■
-
2,662
Ltd-
Walker-Ggffderham &
17 te Mar
185
Jan
596
21%
Tq0
Trust
135
30
29%
20%
2,600
21c
18c
*
A
Sewer
110
1.20
-—
Waite-Amulet
July
10 tec Feb
22% Feb
Sep
Jan
1
24c
23.100
6%
Steel
Vulcan
35c
3.P5 Apr
135
~
—
July
Oct
25te May
Mar
17
Oils
United
Feb
25C
Petroleum
National
National Steel Car
: United
Ventures, Ltd. —
Vermllata Oils
256
Jan
88c
•
Jun
225% Mar
Oct
Jan
1.40
;
Jan
90c
£0
25.
class "A"—
65%
85
July
5.70
Mar
10
11
B
Jan
255
Oct
3.70
20
-
Sep
111
100
—'*
1
Upper Canada Mines
260
29
Class
Apr
57
4.05
5
135
21
24 te
64%
£7q
^
—
>
Oct t
1.25
50c
1.90
133 te
B
United Fuel
>
1.10 Feb
Jan
15
x
Oct
91
May
53c
Oct
1.80
135
*
1
20 te Mar
695
10q
*"•
35
12,330
2,155
te
28
Apr
3.50 Jan.
19'/a
19 te
1.80
class
Corp
Class
Oct
Jun
25c
Jan
Union Mining
United
Apr
8.85
Jan
10.925
Jan
1,500
58c
——1
Union Gas Co
Oct
33c
Mar
255
common
common
1.99
17c
20
71c
22 te
91
22Va "•
m
Grocers
^
65c
22%
83 te
ttJQe
.
Mosher Long Lac—
May
16%
Jan
Aug
20
25
28 te
28 te
■
«»
A
39c
12%
2.50
-100
:
Sep
14c
1.30
54c
May
Apr
9.330
1.25
Jun
V
3,500
5.65
37c
115c
Jan
City Rapid Transit common-
Twin
Sep
22%c Jan
3.65
5.50
5
Oil-
Towagmac Exploration
Transcontinental Resources
May
44c
800
—
-
1.85
10c
.
Jan
10'A
Mortgage
Traders Finance class B
Oct
73
Jan
23,900
21c
19c
1.35 Mar
16c
46,100
# 10
"
Jan
907
16%c
Porcupine
Preferred
28c
16%
16V4
•
—
ITtete
Oct
3.50
Toronto
Sep
May
4tec Jan
'
Modern Containers common
National
125,000
9,100
#
new
8c
28,525
8,300
7c
44c
15
27c
f
6C
36c
v
109
May
59'A
290
__g
Jan
105
4.500
70
_i
Knitting
8%
5
^
Corp •—1
Model Oils—
Corp
18
11%
July
12% Oct;
Jun
Feb
3.40
5.55
Thompson-Lund Mark Gold MinesTip Top Tailors
—*
ToburnGold —;——;
—;
—1
Toronto General Trust—
100
Jun
20
Aug
3.35
1.50
2.98
Mines
Canadian
Texas
Oct
80
4%c
(G) common-—
Teck-Hughes Gold Mines ———*
July
29
'
Oct
Aug
20c
Sylvanite Gold Mines
Oct
13%
Sep
Cons
33c
—
Tamblyn
Sep
Mar
18
70
Mining
Class
22
50
•
•
Moore
870
6
Gold Mines
1.39
33c
-1-100
Sep
79
f
4
<
Oct
2.00
Oct
8te
& 46
Apr
<
72 " 1 Mar
105
Sep
6
Jan
50,225
2.18
—
Contact
Sullivan
Feb
Apr
44c
34
Aug
99te
■:V
May
67
Gold
Sudbury
Jun
15 tec
8 % Mar
28
.
Mlnes------——t
Red Lake Gold
16%
22
Apr
Aug
July
Sep
18
"
Mercury Mills ----------Mid-Continental Oil « ua*
7c
200,190
-r
2Q
Mines^
Montreal
27c
1.21
39c
McLellan Oold
Monarch
77c
J.21
»
—-
McDougall Segyrs -----McJLntyre Porcupine
McKenzie Red Lake Mines
Moneta
17 te
1
McB?lnerC(Lr£oT^red--^—\*
McWatterf
12
460
14
%
common
Jan
440
21
10c
7
Oct
Feb
1.84
12
Sep
Feb
3te
2.00
Aug
19
>
Jan
99
—
Feb
10c
Apr
-
———25
Sturgeon River
12% July
99 te
——
Iron MinesTrust —;
Sterling
99 te
100
Steep Rock
Sep
Jun
7
May
64c
Jan-1
1.25
1.330
lite
—
Preferred
Apr
30
Feb
10
3,047
.21.000
1
Rouyn
■700
21
13
be
Feb
3c
Canada common-.
Steel Co of
Oct
10%
-*
common
—
Stedman Brothers
4.70 Oct
4.15 May
Jan
9 tec
-------
Gold-- """".11111
Jun
3.20
Jan
2c
15te
45 '
;
11%
lite
»
—
3.25
12,250
10,000
"
_
Maralgo Mine*
High
90c
Jan
' Oct
15
common
Paving
Standard Radio
3.50 Aug
Jan
11,631
3.60
4%C
30
I
3.85 Jan
16,000
8 tec
9c
—
preferred
5%
Standard
Mar
80c
2.17 Jan
4 tec
«
u%
ufr^r«
Oct
2.25
3.45
4%c
1Q
2.09
Jfcv
37c
'
28
Maple Leaf Gardens com———
Marlon
JWe
7.985
3.20
3 65
•
Oct
12,100
3.25
3.05
tat. O014 Mto«Gold Fields-----
Sep
73 te
40c
6,700
Springer Sturgeon
Standard Chemical
*
3.10
U$£SR«1
28
dull
58c
Co
Southam
July
Mar
i>d
7,700
4?55C
Manitoba & Eastern Mlne»
29
25
18.600
iSfK&SSS?
Masaey-«*rn®
26% Mar
34
1.50
1.47
*•»»
Oct
1.60
2.10 Jun
Jan
25,480
12,900
Gold Mines——
Bladen Malartic Mines
South End Fetroieum
Jun
48c
Sep
1.23
1,408
<27
73 te
71
Marcus Gold
Low
90c
^iscoe
1.52 Aug
Sep
43c
175
A-^
Preferred
Range Sine* January 1
-ffigh
78c
'
15,265
28
Groceterias class
Malartic
Shares
Low
High
Jan
16c
169,550
19
1
Jr*™ t
1.15
9,000
26c
tf<1
Loblaw
for Woek
,
"'
High
Low
Lexlnden
Range Since Jannary 1
Shares
of Prices
,,
Rang*
of Prices
Last
Sale Frice
STOCKS—
Sales
Week's
Friday
Friday
Sales
12
11 %
11%
•'/
1,985
7%
Jan
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4433
162
LISTED MARKETS
CANADIAN
RANGE
Week's
Friday
Last
Ranee
Shares
preferred
—_
Canadian Breweries common
Canadian Car & Foundry common
New
New
Canadian
Fairbanks
B
38%
14%
40
12%
40%
13%
14
29%
170
170
-
165
Preferred
11%
20
Dominion Tar & Chemical common.
18%
18%.
19
79%
79
79'A
DrydeA Paper A--—
11%
11%
Stores
Electrolux
Enamel
Ltd
Corporation
&
Gatineau
Power
preferred'
5%
105%
#
common—
Bridge
—
K-
12%
15%
—5
•
32
Jan
.";3l2fc.«. Oct,'
Jan
4j3f%July:
97
Feb
103% "Oct
15%
Apr
21%
105%
Oct
May'
9%
Oct
2,570
8%
Jan
1,100
6%
Feb
11
6,200
100
118% 118%
118%
Howard Smith. Paper common-.——I—*
26%
pfd
Holt,. -.Renfrew
•
-
Hudson
Bay
Imperial
Mining—
w
Oil Ltd
9
\
Industrial
Bronze
V
34%
V 14%
13%
14%
14%
13%
13%
32%
1,355
24%
15%
Oct
xnterhational
Paper common
15
17%
'-A'.:
7 38
W-
15%
International
Petroleum
Co
••.5-
Ltd—
Public
Jamaica
Labatt
_'..15
Utilities—
International
Ltd
Serv
2,834
13%
Jan
16%
Jan
13%
Sep
com
(Johni
J-ii
Jan
24% Mar
-r^
<■
-
—
Niagara
13%
12%
1,800
27%,
26%
15%
1,795
•
Sep
20%
26%
1,175
-75
-
75
Oct
190
25
132
20% Mar
22.
22%
45
3
42
33%
925
22
41%
41%
724
37
Apr
May
.
57%
315
58
20
Apr
26
Jan
12%
•
L,—♦
f
,'8
*20
40
20
"20
A
40%
40
14
Oct
60c
89% Jun
2.00
Jan.
18.
Jan
40%
!. 16
Jan
41
Oct
15
Feb
20
Oct
35%
Feb
400
5
7%
Feb
*
16
16
7
31
——1
Ltd———
*
of Canada class A
•
4
155
51%
6%;
50'
1,025
47
49
780
109
109
16
75
6%
Publishing
John
St
———1
——
*
Power & Paper Co
:
14
8'/a
-
"l3
12%
31
31
13.-A. 14
21.y
Ltd common—*
13
Leaf Milling cl A pfd—.—•
Massey-Harrls Co Ltd 5% pfd
100
Melchers Distilleries Ltd common
•
21
27%
10
12%
12
13%
Co——5
16%
14%
Maple
Ontario
8c
Paper
Ltd
Hotel Co
Royal
8 % •.
.
•
Aviation Ltd
12%:
*
Ltd
Co
Bridge
Canada
Ltd
Stores
Manufacturing
Woods
58
Oct
100
Jan
18
Jan
21'A July
22
Mar
240
V
670
6%
7,664
475
Co-——*
Jun
50
Jun
/A,
6
107
10
Jan y
May
22c
5
112%
...
30c
Jan
Jun
Oct
Apr
July
Mar
14
28%
Feb
30
Apr
100
r;y
3%
Feb
7
July
4
Jan.
A
l',3D2
6
21
,8
21
16% May
25
30
y
Jun
Oct
36% May
100
6
30
8%
46
loo
14
21
Oct
Jun
45%
3,019
;
Oct)
Oct
Mar
14% July
106 V*
,Jan
As 6% May
161
24c
14
Jan
99
"9%
14%
16%
Jan
3%
A
195
9%
.
11% July
200
Feb
28% July
:
2% Mar
A;., 9% Mar
6,640
1
*
A
6,255
.
45
29%
Oct
31
160
100
6
July
16%
46
14
Oct
13'A
Jan
10
29%
8% Mar
6% May
9 /.
Oct
Jan
112 112 »A
14
A
Sep
A
24
Jun
75
7/13
100
23c
49%
6%
22%
102
5%
Corp
Products
14
Sep
Oct
8%
100
—®
Securities Ltd
Westeel
50'A
8%
®
•
Ltd
Sep
Feb
44
®
Distillers of Canada
6%
46
24c
class A
Jan
103
100
common
Corporations
Feb
5
8%
red pfd—100
®
pfd
6%
Pr
13
50
y.
12
11
12%
Jan
A/A- 235
87/« r
11
®
—
Aug
Apr
4
5
3,620
A12
21
27%: v ; 28
8%y
Oct
17
July
15
77 350
16%
Maple Leaf Milling Co
109
102
.•■:;77.
13 %
31
Oct
15
5, 7
Ay
A 55
53
8Va
-
•
Ltd
Co
A
55
*
—
(Alfred )„-,
Jun
Jun
49
10
.7
50%
14
(Ottawa)—
P
&
P
50'A
—.50
preferred
July
405
6%
convertible
7
30%
28
713
Mar
34% Jan
50
5%
A 75
common
Oct
100
7; 7
16
5%
Oct
51%
Jan
25
Oct
4% July
2Mar
525
16
Jun
16%
31
■; 35% July
>
3'A Mar
675
6%
28'/a
16
—®
Ltd
Foundation
A
973
28%
Power
11%
19% July
100
A
31
4%
51
■A.
4%
5
Candy Shops
Aircraft
Fleet
Ltd
Aircraft
Farmer
Fanny
y
Apr
Aug
16
Jan
9%
40%
Jan
3,270
5,902
_
Feb
30
70
'7A-
10%
——®
Corp—
May
20
♦
120
40
v
20
Oct
Jan
25
■:/>-
Oct
8
8%
A
Apr
150
1.60
20
5%
Jan
6%
18,156
1.55
Feb
3%
635
14
7% .:
Sep
Sep
Mar
42
16%
United
Jun
50
25%
,
•
25c
9,274
5%
10'/a
Jun
1,950
25%
57
: 25%
■'
46
22
5%
15'/a
United
Jan
43% May
5%
Sep
57
11% May
10%
United
Aug
17% Mar
5
A
.
Sep
Jan
16%
Thrift
Oct
105
45%
21
1,655
60
Apr
2.35
Mar
6%
150
15
50c
60
1.25
101
Apr
50
Oct
Oct
11%
Apr
1.80 Aug
3,350
15
Southmount Invest Co Ltd
Oct
42
1,500
10%
/
Jan
4%
46
'• A;
Square
Southern
Apr
45
33%
2.20
45c
5
40c
Oct
3%
5%
'
65
50c
Ltd common....•
Alcohols
175
Jan
2
100'
10%
10 %
167% May
Feb
*
Sarnia
Oct
1,620
45%
20%
'■
20%
4,945
■
Jun
Mar
•y.; 2
175
56
100
Quebec Pulp & Paper 1%
May
24%
Jan
29
7(
;
15
168
200
56
Pr Corp of Can 6%
cum 1st pfd—100
Purity Flour Mills common
—10
6%%
preferred
40
Oct
75
190
2.00
.
•
com
Oilcloth & Linoleum
Noorduyn
Jun
,
.26%
Jan
41%
Noranda Mines Ltd
29
75 * * May
5
•
-
*
*—*
23% May
22% May,
2.20
I
common—♦
Adv
Paper Co Ltd
Steel Products
Mount
Oct
12%
Jan
45
22%
7-25
Weaving
.A9%
75
.
.
•-
1
—
Minnesota
Oct
13%
*
Preferred
Oct
20
Feb.,;
8% Mar
30
*
common
Car Corp
Wire
70
20
190
T
'
■
:
.100
-Preferred
Steel
Oct
Jun
153
Jan
27%.
'*(77:
—A -40
Tramways
National
Mar
16
11%
/
26%
•
Montreal Light Heat & Power Cons
National Breweries
150
19%
'
.100
Telegraph —-
V
/
12%
v.
:"i6o
common
:
Montreal
20
19%
13
I'm-*
-
Montreal
95
600
152
152
Feb
23%
31
Dominion
MacLaren
Oct
12
Jan
20
120
11%
(Robert) '
Breweries—
Cottons
11
666
19%
•
—
Preferred' / /
38
,1,050
7
McColl-Frontenac Oil
Montreal
Jan
Dominion
Lowney
Sep
26%
I
Limitee class A—r—V
Engineering Works Ltd
•
Malting Co Ltd
20
Lambert
Oct
113%
General
Journal
•-
.
Molson's
43
Jan
[
Ltd
Products
Lake
Oct
24% Mar
27% May
11%
20
y
Oct
Jan
!2
"■A
Aug
31%
May
13
Oct
16
Jan
155% Aug
100
9'A
Lumber
107%
25,985/
93%
Cub Aircraft Corp .Ltd——y
6%
Oct
108%
28
.
Oct
44%
120
Sep
23%
7
27%
—3
*■
Mitchell
;
Jan
9%
93%
Jun
26%
Jan
20
32
1.00
•
David & Frere,
Inv
*
Secord .Candy
A: r-1,
.
Ma^sey-Harris
41
Jan
11%
•
1.00
com—*
common
Oct
11%
6,440
> A a.'
76%
100
50
Ai/y-
Oct
22% Mar
80
100
,
Sep
4%
Jan
45
290
A.
5%
Hydro-Electric Securities Corporation.®
Inter-City Baking Co Ltd—
—100
Sep
6,973
:
47/a
Sec Corp Ltd pfd—*.
Fraser Companies ———————*
Goodyear Tire 8c Rubber of Can__®
Halifax
Insurance Companyt
—10
Oct
10
>
Paper Inv
Ltd
Western
Neon
Foreign
Jan
33
;ApA%
23
•v'v
*
Lang & Sons Ltd John A
21
2,275
■/* 155
-
38
37
21%
97%
11%
.
/ioo
Preferred
42
31%
341
23%
„_ _
_0
965
32%
18%
;
29% Jan
5,333
22%
&
3%V; 3%
1
—--100
Ford Motor Co
Jun
121/4
'
112% 112%
'—
38
t,
Lake of the Woods Milling common
Laura
'l''
•
Oct
Mar
''
41
''*7.
*
—Ail -100
Sep.
35
44%
22%
v
26%
"1,100
39%
37
/ 21
International l-'ower common
Preferred
,.120
<
30% Aug
-
Vickers
Falrchild
Feb
"
100
i
Aug
Jan
Eastern
Oct
112
670
115% 120
120
.100
——;
Jan
110
905
Power
Dominion
Oct
Apr
•
Preferred
21.
260
32
38
44%
.
,
1,165
18%
32
32
Nickel of Canada com—®
International
31%
7 17%
I~25
,
Jan
600
32% *
•
common
Preferred:«
.;
32%
•
Acceptance Corp com
Feb
32%
Imperial Tobacco of Canada common_5
International
102%
11%
41
:
571
26%
11%
•
175
14%
,
com——®
Trust
Inv
Dominion I Woollens
••14%-oet
Mar
25
100
Preferred
355
25
37
,63
25
2.30
Donnacona
•
.
76%
175
•
B
——
Intl
Dominion
Oct
102
5%
Jan,
235
.15%
73
164
*
class
Consolidated Paper Corp Ltd
20%
,
76%
Mar
36% May
170
14%
Preferred
,
Jun
8,011
164
Commercial
Oct *
25%
310
36
14%
Ltd
Preferred
12% .Oct
Jan
28%
preferred
Claude
23%
107
Catelli Food
Oct
.20
Oct
9% May
Jan
Feb
50
290
14%
Westinghouse Co
Cassidy's Limited common
10%
87/a.:
15
20%
Jun
59
28%
Oct
11
4%
107
Oct
Feb
59
14%
Jun
8%
4%
24%
Canadian
79%AJun
-
Jan
6%
1,660
35%
5%
2% Mar
36
25 %
25
Sugar
Industries
Canadian
500
14
8%
Sep
19 --Oct
Jan
27%
66
•
14%
preferred
7%
A 478
9%
13%
8%
i
.
5
31%
11
•
Canadian
.jl2LiA»rJun
8'/a May
28
5%
59
100
Canadian
,,167,5-? Aug
■
Jan
100
<13
9%
13%,
L
Kollinger Gold Mines
19
105% 105%
9%
7%
■
102% 103
20
21%
Gypsum, Lime 8c Alabastine
Hamilton
72-•
1,050
8%
13
100
(Charles)
.12%
1,960
*32
29%
common—
Preferred
Gurd
29%
—100
General Steel Wares
Jan
7% Mar
:.14
Jan
•
70%
Jan
pfd—100
*
Dredge 8c Dock Co Ltd
•
Canadian
^no^Oet
.,
150
1
30^
-
Jan
161
;■
1,835
.
Feb
...
'
*
common
"
8%
32
Players
3,776
*
12
19
'
*
Products--—;
Heating
Cdn Corp
—0
Foundation! Co. of -Canada--.^,—,—*
Famous
25
Mar
3
4%
!>'
1
Canadian Marconi Company
Oct
44
7,910
6,473
,
124
<
5/
Dominion Textile common
■
4T^>r,Qct
3,100
5%
24%
25%
*
Ltd
69%
5
>.y
,t
Paper com—»
Canadian Gen Investments Ltd
-/12%-Jyly
,.->-85%
&
4%
11
i.5%
Pow Corp Ltd 1%
Vinegars, Ltd..
Canadian
■;
Feb
.; r
41 % Oct
11% May.; W>ii,16% Jun
•
Pulp
Range Since January 1
Low
High
High
66%
69%
•
common
Dominion
8c
Canadian
—*-30% July
A:
/// 42% Jan
640/
165
lt%
Jan.7
Sep
July
•;
/'•/29
310
A
11%
20 /,.
&: Coal class B
33.
-
Van
Shares
4%
North
Canada
-.
' J lin /
&7A% -v®ct
Jan;:/
Columbia
Company
Canada
207/8-:Jun
:■
■>;.
28'/2
505
:
Feb
*
Ltd——5
Preferred
;ir". —115
12'/a Apr^.-
/. 12
45 I ;
1,066
170
.
<■'.*£ 40-vnGct
,\49
.
.1,220 ;
29%
29%
*
15% Mar
105
,
85
81%
39
r
11*.-* Oct
,
29%
12%
13%
♦-12.%*~Oct.
Apr
185 ;
29%
39
—
Apr
of
Packers
Columbia
British
6'/a
Paper cl B
lor Week
Low
4%
•
100
Oil Co Ltd
American
Brown
~;6%
665
•
12%
common-::—..^.—
Dominion
Mar
&
Distillers
&
British
July
(47-
11%
-635.
41
■—-A-s/
Dominion Foundries & Steel-
Steel
130;
575/
14%
■'
40
British
Oct
Apr
Jan
1,306
72%
71%
7
-
„
Power
Brewers
Can
38%
17%
14%
71%. 7
Ago
May
Bathurst
Oct
•
33
•
17%
.
39
120
270
■
-
Oct
46
io
81%
preferred
Dominion
37%
25
.17%
Bridge _1
Dominion- Glass
130
i
&'Smelting
\ Abitlbi Power & Paper common
6%
cumulative preferred
Jun
v„
Distillers Seagrams common
Coal
59
1,040
i--;/-.:-——
Dominion
Jan
*.
•
'/-/A 125
ciass"A-i/i—i/i:-—-
Dominion
46
452
12%
—.
B
<
Oct;
10%
Conaumern-'Gla^-'w^^%.^^*»^!
ClaSS
33
9%
-
Oct
A16
11%
.
Par
Oct
Apr
9%
36
■•42
Sales
Range
ot Prices
Sale Price
STOCKS-
Mar
11%
Canadian Pacific Railway
Jan
38% May
Week's
Last
-20%, Sep
58% Sep
8% Jan
44%
Canadian Funds
Friday
Feb
10
:
44%
:
j'
■
46%
28
V 130
Canadian Locomotive
Davis Leather
5
55
43%
ij
Jan
,
-.Oct
-
: 1,030
'..••••
60
44 %
*
-
Consolidated Mining
3.443
640
40
High
18
Jan
1,210
130
pfd.————tlOO
391 ,/
15%
37%
Canadian ' Foreign Investment---—-*
Canadian Ind Alcohol common-;
*.
11%
:
2 V
60
—L——100
Converters
Cockshutt Plow
2.842
33
54%
preferred.
Canadian
Class
41
32
•
Celanese common
57%
14%
*
25
preferred
Canadian
56%
commori^iS^v—^
19%
41
*
:
Bronze 1
45'/a
18%
*
Preferred
Canadian;
45
Low
18
Montreal Curb Market
Range Since January 1
High
17'/a
50
5%
,
17%
•
Steamship common—
OCTOBER 26
for Week
Low
Canada
WEEK ENDING
8sies
of Prices
Sale Price
STOCKS—
FOR
4
29%
34
Jan
Feb
Oct
July
Mining Stocks
19c
Oct
July
Aldermac
m
Ogilvie Flour Mills common—.
Ontario
Steel
Products
Ottawa
Car
Light Heat & Power com—.100
Rwys
Tubes
Ltd
•7 5%
Ltd
24%
•
•
42
• K; 15%
i
—*
Knitting
Mills
Paper
common
210
28%
15
195
Ay*'8%
10
....
30%
"
61
24%
•
•
common....
-
—*.
42'A
Flour
Mills
15%
17
14%
14%
14%
Breweries
Southern
_*
Tooke
Viau
32
22
34
225
385
Power--—----------*
13%
14
390
common—
.—•
10%
11%
•
78 %
78%
192
80
80
25
25
12
..12
Transit
Rapid
corn-
6%
Corp
Biscuit,
(Geo)
Ltd
100
11%
Jan
14%
Jun
3% Apr
6"%
Jun
94%
94%
100
27%
Ij.
89
33
350
11%
'
-
——
*"
-
•».">
'
notes-—
Jan
'
16'v'v:
16%
'
•'V
y
14%
Jan
91
23
22%
Jan
V
340
680
19
18'%
2,665
14-u
27
,
17 Ya
jan
Apr
May
15% Jan
:
Jan
Jan
51c
Apr
34c
11,500
31c
Oct
60c
Jun
1,000
6c
Jan
27c
May
500
19c
Feb
44c
3,800
6c
Jan
18c
May
39c
120,100
4c
Jan
54c
May
33c
38c
69c
;
10c
26,800
58c
Sep
75c
Sep
26
Sep
29
Jun
350
28%
2.70
4.45
Ay
2.55
900
4.75
1.10
52c
8,900
1.10
10,500
1.14
1.80
2.40
85c
75c
85c
13,200
62c
Jan
86c
Oct
30c
35c
64,100
28c
July
59c
31,100
20%c
Sep
Apr
46c
49c
64'Ac
6c
77 6c
6%c
10,900
3%c
Jan
13 %c May
65c
69c
12,900
7%c Jan
1.50 May
16
16
225
11%
Jan
16
Sep
13c
13.700
7c
Jan
28c
Apr
1.16
Jan
Mines
_1
Mining
7:7
_1
Ltd—
Explor
Ltd
13c
13c
.1
7.30
1.72
1.69
1.69
_1
Co—-.
Co Ltd
A,
8
6
I
600
18
46c
Jtlly
92c
Jan
2.05 Mar
1.55 July
2.20 Aug
1.50
1.50
1,100
1.78
1.90
4.300
34
3.40
3.55
16,400
40c
Ltd—
39c
46c
46,300
45c
7,500
15c
1,200
39c
——
.
33c
3,300
-1
82c
1
1
Cons Mines Ltd
Co
Jan
A
21c
July
51c
Sep
6c
Jan
25c
Apr
Jun
28,100
68c
1,500
65c
Jan
82c
14.701
60c
Mar
50c
'
44c
43c
45c
7,500
3.10
2.95
3-30
25,850
23c
1,500
1.03
1.07
2,900
60c
60c
Aug
3.80 Apr
Oct
46c
Feb
87c
44c
43c
Oct
43c
1.50
10c
Apr
Jan
Feb
65c
90c
1.05
Oct
May
Apr
1.00 May
3.80
40c
Apr
Apr
—
;*
'
Oil
Oct
1.55
v10c
15c
22c
Mines
i
-
—
Standard Gold Mines—
Coghlan
14C
2.25
.
68c
44c
Wlltsey
''I
——
Mines
Oct
Maj?
4,500
33
Ltd
8
24%
310
1.38
3.40
Cadallic Gold Mines
Jan
Jan
Oct
22%
■
1.85
—11
Ltd—,
2.45
9,000
"
1.72
1.23
22%
.1
—
Sullivan
Apr
——
—
Dominion
Sep
1.75 May
84 %c
1.25
*
2,400
'
Oct
3.10
Mar
Oct
1.50
65C
Ltd.
Ltd
Yellowknife
stocks
20c
84'/ac
42.300
A
Jun
7.00 May
Apr
Oct
85c
—
Anglo-Canadian
2.99
Jan
May
82C
Ltd—,—-
Ltd
Stadacona Mines 1944 Ltd
British
45c
Jan
59c
Gold
Mines
Gold
Siscoe
Jun
7,100
26,000
70c
30c
Mining 8c
Mines
60c
Jun
55c
44c
47c
38c
4.45
Mines
Mines
Yellowknife
Apr
10c
36c
7
1.85
Gold
Lake
Shore
on
8c
18c
2.65
Rochette Gold Mines
;
Oct
—
Consolidated Gold Mines
Addison
Jan
44c
43c
70c
Ltd
Jun
18% July
23,300
47c
■
Mines
Gold
Quebec
;. {
34c
Apr
Oct
10c
36%
Mines«—--i.-i-*--i-..
Mines
Pandora
20 V* Aug
29%
33c
27%
Red Crest Gold Mines
Oct
'■
39,600
7 37c
1.10
Macdonald
Oct
42c
18c
O'Brien Gold Mines Ltd
16% Aug
'i*'.. Jan
<—16%
17S
17%
15
y: ;
37c
43c
——.
Ltd
Mines
Louvicourt Goldfields
Jun
2.24
31c
Lingman Lake
July
33
*.
115
:
Jan
:;r:
29%
•
Jan
6%
75
1.80
1.45 July
i
Ltd—
Gold
Labrador
Oct
75cA Jan
700
—
Kirkland
Oct
28%
500
33 %c
Mining-———
Gold
Nib
51,900
1.68
Mines
Gold
Mines
79c
1.24
1.68
Mines——
Gold
Malartic
Lake
July
97
»
19%
Ay
765'
i
18%
—
-•
H 8c P 3%
Mar
18
265
-f
29%
I
Scotia
'70':
,
100
22
11%
16%
Commerce
63
Gold
Kirkland Gold Rand Ltd
Mar
15
Mar
12%
315
16
l_—
Jan
88
60
300
32'%
common.
Montreal
Lt
50
Oct
250
:
Bends—
Jun
25
14
89
Canadienne
Montreal
80%
Jan
1/
y
6%
l
Royal
Apr
16%
63
22
-
Electric common—
Ltd
74
I
37
42c
Ltd
Buffalo Canad Gold Mines Ltd
Cartier-Malartlc Gold Mines LtdCentral Cadillac Gold Mines Ltd—
Centremaque Gold
Mines
Century Mining Corp Ltd
Kerr
Oct
27
com.
common-
Preferred
Banks
78%
/y
-
Winnipeg
Jan
14
Cotton
Weston
ijuly
72c
1.24
Mines Ltd
Gold
Joliet-Quebec Mines
ll7/8 Aug
.8
t
Sep
J-M
Oct
69
63
common
Jan
14%
87c
72c
1.68
Heva Cadillac Mines
Oct
10%
1,280
common—
18%
Feb
.
Ltd
8c Radium Ltd-
Formaque
Oct
Jun
37%c
Mines
Goldora
26% July
15
Oct
'
———
Mines
Limited
Francoeur
Oct
16% -Jan
31c
Elder
Oct
32
Jan
25
18%
Walker Gooderham & Worts
Nova
23
32
Feb
Eldona
Oct
34
17c
East Sullivan1
Oct
28%
6,000
East
Oct
153
Apr
26%
Steel
Zellers
22%
313/4
25
Feb
28c
Quebec
Dome
Jun
;
22
Mar
875
18%
——
38
'! 26c
Ltd
Mines
Cournor
A 79 y; Oct
145%" Jan
10
■
Chemicals
Wabasso
16%
1,497
28
153
26Ya
City
Wilsils
20%
28
153
:
Brothers'
Twin
20%
*
*
':
United
37%
Jan
com
Oct
Oct
Oct
8
Jan
—*
Preferred
17%
Jan
33%
& Sons--—
Canada
Co
18%
Sep
14%
May
Bonville
14% Oct
,
2% May
11,740
of Canada
Standard
Steel
Jan
A 58%
Canada
i
Feb
11% Jan
37,145
Co -Ltd—II--—-♦
-CH.)
Southam
17
Oct
23c
Bouscadillac
Feb
103
Apr
15%
25
9,750 V
-
Mar
120
common
Preferred
Simon
Oct-
535
Preferred 1
Sicks"
Oct
Jun
42%
10%
370
17%
—100
of
Williams
24%
12%
Feb
9%
44c
Jan
Beaufor
Jan
100
14%
14%
'
Jun
7
240
15%
Oct
3c
Exploration
Beatrice
Red Lake
18% Mar
20
102% 102%
41c
3,000
Bear
Oct
61
9c
7,000
8c
Aumague Gold Mines
32
irr-
425
3,350
•
100
preferred
Shawinigan Water 8c Power
Sherwin
57% Mar
30%
9,000
44c
7c
Aubelle
101
Aug
common-—"*
Paper
Lawrence
27%
3,485
11%
39%
Corporation common
*
A preferred——>
——-——50
St* Lawrence
200
y
,
12c
42c
Copper Corp Ltd
Gold Mines———
Astoria
15% Oct
July
Jan.
Jan
10c
1
Atno
Oct
49
Jan
99
710
30
Lawrence
St
:
49
101
45
17
Power
Regent
Rolland
V
Jun
11%
•
— —
Quebec
St
8
75
7 //:-
24%
61
-
JL00
Oct
•
Alger
29% Oct
23
61
.*..
common
Transport
24% Mar
15% May
,5% Jan
13%
''
Co—•—^
Co
preferred
Provincial
'
*
of Canada
Price Bros 8c
854
250
101
— -.—
common
River
Powell
Power Corp
m
v/
13%
--■!.■
100
Preferred
29%
22%
r
48
Electric
Ottawa
Page-Hersey
/,
«
Ottawa
Penmans
28
21%
29%
—*
Aircraft
common
Ltd
'
'7-
Oils & Dev Corp—*
86c
Feb
1.09 Mar
THE COMMERCIAL &
Monday, October 29, 1945
FINANCIAL CHRONICLE
OVER-THE-COUNTER MARKETS
Quotations for
26
Friday. October
Quotations
For
Real Estate Bonds
on
Shaskan & Co.
Members New York Stock Exchange
Members New York Curb Exchange
Exchange Place,NewYork 5, N. Y.
40
DIgby 4-4950
Tel:
Bell Teletype NY 1-953
'
Investing Companies
-1
Affiliated Fund Inc
1%
AAmerex Holding Corp
10
American Business Shares
1
American Foreign Investing-10o
Assoc'ted Standard Oil shares—
Axe-Houghton Fund Inc
1
Axe Houghton Fund B—
t
.
Keystone OustClan Funds—
9 91
5.75
37 k
4.75
13.66
7%
17.73
Aeronautical Securities
-
Series
8cries
>
B-2
—
Scries
-
B-4
Series
K-l
Series
K-2
Denver
34.53
Series
S-2
Series
6-3
Series
7%
Bond Inv Tr of America
i.y 107.37
Boston Fund Inc
—0
22.92
Broad Street Invest Co Inc
5
39.87
Bullock Fund Ltd——1
21.01
6-4
,
—
Knickerbocker
Fund
Canadian* Inv Fund Ltd
3.35
—X
—
Sayles Mutual Fund—;♦
Sayles Second Fund—10
Manhattan Bond Fund Inc—
Common
_.i0o
Mass Investors Trust
—1
Mass Investors 2d Fur.d
1
Mutual Invest Fund Inc
10
Loomis
Loomls
——
,
4
>'
Century Shares Trust
•
34.42
Chemical Fund
I,f£ 12.13
Christiana Securities com—100 3,020
Preferred
—100
144
v
shares
Balanced
6.37
National Security
1
22.44
Bond
Low
26.34
.
b
shares
Baltimore American.
Bankers &
Camden
Diversified
Electrical
Continental Casualty
Crum & Forster Inc
shares—,
Speculative
equipment
Insurance
stock
9.38
59%
37%
63
13%
Metals
Federal
51%
38%
——-+mm.
Railroad
£
Fire Assn of Phila
....
North
Amer
Trust
shares—
Franklin
Series 1955—
5.88
Petroleum
Petroleum
6.80
Putnam
1
&
Republic Invest Fund
1
Globe
5.65
6.52
6cudder, Stevens & Clark
Fund, Inc
•
Great
Steer shares—
5.68
Selected Amer Shares
Tobacco
5.35
Utility
shares
shares
shares
rj.
Foundation
Rutgers Fire com.
preferred
2'/a
75
Fund
Common
30.41
•
Series
2.73
Fund
C
A
—
;
Union Preferred Stock Fund
U S El Lt & Pwr Shares A—
-
Co
of
1
1
17.27
.■•
1.06
shares
America
10
Investors Fund O
.1
32.45
ABlair
16.19
AFirst
Co
&
Lt
&
Pow
Vt
Cent
Boston
Corp..
S'/sS—1974
Lt
Conn
Pwr
&
Erie
3s
Power
ser
Federal Land
*3s
3s
Jan.
1,
May 1,
0.90%
0 0:
1956-1946—
1%S Oct
1,
2%s
.*■
1, 1955-1953
Feb.
Home
Federal
Bank Bonds—
1956-1946
1950-1948
Loan
April
Banks—
Other Issues
V. '
•;,
Lt
0.80%
r;$\0
/0. 00
U 8 Conversion 3s
1940
100.12
U S Conversion
1947
103
1981
133 %
Panama Canal 3s
102%
102%
106%
107 %
100%
100
100%
100%
104
104%
100%
1974
102%
0105%
1975
103%
104'A
Mountain States Power 3s—1975
102 %
103
Elec 3s.
Narragansett
3'As
98%
99%
97%
98%*
100%
100%
100%
100%
104%
105%
101%
102
102%
103%
Par
4%
108 %
109 %
108 %
109%
102%
103%
103%
104
99%
Cork 3%%-
100
.107%
106%
.1974
Elec
—100
*
Monongahela Power 4.40%—100
Ruppert (Jacob) 4%
100
Union Oil
(Call $3.75—
0
Westvaco Chlorine $3.75———*;
Stores
Armstrong
103
104%
Pow &
& Lt 3s
(Indiana)
Preferred. Stocks-—: 0
Allied
99% ""'100%
102 %
3%s_1980
Pow
Serv
.1975
4%s
Pacific
Portland Gen
107%
99%
1990
Pow 2%s
&
Monongahela Power 3s
.
1975
103%
Pub
103 %
Lt 3%S— 1975
Minnesota
b0.90
3s
107%
103
1975
Kings County Lighting 3 Vas_1975
Laclede Gas Lt 3%s
1965
;'
1946
15,
101%
1953
Kans Okla & Gulf Ry
Obligations Of Governmental Agencies
100%
——j.—2000
Houston
103%
102%
1975
3%s_-1975
Reading Co 3Vbs
1975
Texas & Pacific Ry 3%s—1985
Texas Elec Service 2%s
1975
Texas Power & Light 2%s_1975
Union Pacific 3s
1990
Western Lt & Tel 3s——1975
104
103%
K__1S80
2%s
RR 2s
\
102%
Ask
102%'
Pennsyl
105%
103%
1975
Great Northern Ry—•
3 %s .
-3VaS
105
1974
1965
2%s
Serv
Pub
Consumers
FOR NEW YORK CITY BANKS & TRUST COS
Bid
Ask
Northern
Birmingham Electric 3s
Celanese Corp 3s
Corporations
'15.90
Bid
Bonds-—
ArKansas
Investment Banking
1.16
Stock and Bond Group shares.
Investment
120%
25c
series
Wellington Fund
Group shares
Bank Group shares
Insurance Group
31%
116%
Fire
Unicn Common Stock Fund B
r
Ltd—
Aviation
-...
35%
3-i
29%
Hartford
10c
_,
B
1.79
B
Independence Trust Shares
Bond
Scries
10c
Securities
91%
Hanover
1
Trusteed Industry Shares
Inc
Incorporated investors
Institutional
32%
American
State Street Investment Corp
v
Holding Corp,
Union
Income
Utilities
Standard
19%
51%
010.1*.
&
2nd
Sovereign Investors
6.66
—
-V*■'
A Huron
it
Marine-
&
Globe & Republic
RR Equipment shares
stock
Fire
1
Railroad
»
24%
64%
Falls Fire
Glens
Fund
3.97
-
14%
Fire
Gibraltar
Trading
(Geo)
106%
Newark..
of
General Reinsurance Corp..
Series 1956
8.99
Mining shares
63%
Fireman's Fd of San Fran-
,
Firemen's
Merchandise shares
shares
—
,
Railroad equipment
8teel
8.43
shares
161%
Fidelity & Deposit of Md_.
9.07
—
95%
Employees Group.00i—0,«..,
Employers Reinsurance
Machinery
10.05
Price Shares
103 %
Merchandising
'
10.65
—
York
of New
-
8.50
Investing
0
Fire
City
Connecticut General Life.
6.54
Machinery shares—
Bond
Shippers.
Boston
Diversified Investment Fund-
—
bond shares
Railroad
10
2t>
-10
—
.
——
stock
Building supply^...^..,^^.^.
'BusinessEquipment.—
12.85
Institutional bond shares
Low
Automobile:
% Bank
6.72
—
Administered
Industrial
Surety...
7.86
-
Food shares
General
Reserve
9.54 f
9.96 t
shares
Electrical Equipment
Fully
10
Re-Insurance
American
1
8.73
—
Building shares
Chemical
51%
Newark
American of
American
Agriculture
6.29 ;
shares
Aviation
4
Chemical-.• •—»;.•
shares
Automobile
'
————
England Fund
; Aviation
Group Securities—
Agricultural
Casualty
5
Equitable—.
0
American Fidelity & Casualty_5
Automobile
:06.25f,
43.80
Automobile
American
New York Stocks Inc—
7.47
32.03
•
1
General Capital Corp
General Investors Trust
Alliance
American
American
49%
Fund
0
Fundamental Investors Inc
2
Fundamental Trust shares A—2
10
American
Stock series
New
2.33
Trust
Mutual
First
Speculative series
17.03
—10
Corp
Boston
First
Surety.
American
priced bond series
priced stock common
Selected series
26.25
Fund Inc
•
Financial Industrial Fund, Inc_
Fidelity
&
Life-
Agricultural
series
stock
Preferred stock series
Balanced Fund———I
Stock Fund
1
'
Low
7.20
1.61
Sc Howard—,
Eaton
Aetna
sentes
Industrial
2.50
25c
D
Dividend Shares
Casual
Aetna
Series—
Income -series:
Diversified Trustee Shares—
;
1
National Investors Corp
6.12
Fund
Aetna
—
1
Delaware
>
Insurance Companies
Securities-
Natlon-Wlde
Consol Investment Trust—,—1
Commonwealth Invest——
v
4%s
1st 3-4s income
.
—
Grande-
Rio
&
Income
Series S-l
——I
<
-
B-l
Series
Bankers Nat Investing—
A Common
Pal
V0.0
;,;:00Fa*00.vBui
100.15
103%
,134%
United States Treasury Bills
Rates
Quotations For U. S. Treasury Notes
Figures after decimal point represent
Maturity—
tDec. 15, 1945_
tMar 15. 1946tDec
15,
Int:,®?te
I.
1946...
1%%
tMar 15 1947
tSept. 15. 1947.
tBept. 35. 1947.
tSept. 15. 1948.
B,d
100
one
or
32ds of a point
more
Maturity—
101.1
100.2 "v. 100.3
100.21
November 1,
1%%
100.30.
1%%
100.15
101.5
t%S March
t%s
-
April
t%s May
\
"
1, 1946—.
1946
1946
i.09%
V
,
July
1,
1946
t%s Sept.
1,
1,
1946
1946—
.0447
.0531
.0497
.0531
.0665
.0410
.
November
8,
-
1945—
1945..
•:
29,
;
'
0,32%
0.32%
bO.375
v
0.33%
b0.375
1945.
0.32%
bO.375
-
December
•
b0.375 0.28%
b0.375
1945..
November 23, 1945November
•
b0.375
November 15,
December 6,
;
1945—
.0440
.0429
.0379
——
purchase
Bid-' : Ask
0.33%
•
13,
Bid
Ask
b0.375 0.33%
1945—
bO.375
December 20, 1945—
December 27, 1945—u,
January 3, 1946
January 10, 1946
January .17, 1946.'
January 24, 1946——
0.34%
b0.375
0.35%
bO.375
0.35%
bO.375
0.35%
bO.375
0.35%
.0454
.0356
_____
t%s Aug 1, 1946
t%s Oct.
.0448
.0369
.0386
1,
1,
.0463
.0396
)
t7/aS June 1. 1946
.
Ask
.0390'
Jan. 1, 1946
t%8 Feb. 1, 1946
100.21
........
BidJ
t0.90s
-
100.16
101.4
.1%%
Dollar Price 100 Plus
„.
Indebtedness—
of
t%8 Dec. 1, 1945
100.22
100.14-100.15
—
Certificates
■
•
Treasury bills-
*
——
quoted are tor discount at
-
0:0'-.0.
.0561
.0371
.0410
.0539
•
.0594
a
Odd
td" Stock
dividend.
lot
price,
d Deferred delivery. : e Ex-interest, f Flat
price. :
Canadian market,
s Cash sale—not Included in range for year,
sales. Vb Yield
Exchange.**
(Un)
•No par
bO.375 0.35%
r
Unlisted
value,
issue,
x
tin default.
furnished by sponsor or issuer.
0
Ex-dividend,
y
Ex-rights.
"0
.
tThese bonds are subject to all
—
- ~
,
A Quotations not
Federal taxes.
,.r
.
,
s
r
k Removed
t Ex-stock
•*
.
0
_
Volume
Number 4433
162
THE COMMERCIAL & FINANCIAL CHRONICLE
THE COURSE OF BANK CLEARINGS
Bank
clearings this week
will
Preliminary figures compiled by
cities of the
show
will
a
year
stands
at
$11,910,306,134,
At this center there is
against
$9,824,728,343
for
the
gain for the week ended Friday of 35.1%.
a
(summary for the week follows:
week
CIcarin gs—Ret urns
New Vfti-if
by
j .■i.;.'" : :
.7
-
Philadelphia
.
$5,560,031,923
411,278,399
+
5.6
1——
———
San Francisco
:
Pittsburgh—
;
+
169,173,060
158,700,000
288,556,000
(10
$8,003,396,407
$6,437,317,375
1,921,918,705
1,575,712,705
cities,
one
days-*----—!—-
$9,925,255,112
Total
?
+ 24.3
West
+ 22.0
ends
Saturday and the Saturday figures
are not available at time of
Accordingly, in the above the last day of the week in all
+
1,620,592
1,623,591
6.2
4,951,300
4,746,600
674,929,930
+ 14.6
682,578,359
583,883,758
4,599,454
In the elaborate detailed
statement, however, which
appear
126,841,796
250,221,463
245,875,734
For that week there
was
an
increase
of
going to
press.
937,802 in the same week in 1944.
the cities according to the
jfronvthis it
record
Federal Reserve
was
a
1,886,292
of
smaller by 2.7%, but
and in the Atlanta Reserve District by 6.4%.
9.7%
fepcords
District there is
Total
6,483,000
7,135,000
96,428,940
95,129,505
2,265,217
+
165,019,616
+
41,530,855
348,452,802
Hi; 317,616,137
,*
46,504,414
'-5.4%
—---L—
-
Week End id Oct. 20—
-Federal
;3d
New
York—
1—-V'-Z."
Philadelphia:
Uth
Cleveland,
\5th
Richmond
l8th
-1*.
>
396,854,981
-
Orleans
6
I
348,452,802
Atlanta
10
"
-1
504.780,506
17
733,980,516
663,566,640
j
344,404,537
355,413,248
307,666,921
346,379,140
"
4
7
"
w
City————.10
4
"
"
——
i j$th St. Louis—
'^Oth-Minneapolis
10th Kansas
11th Dallas
—
1—
*
12th San Francisco-
6
"
.10
-
"
317,616,137 ' +
9.7
295,973,950
474,575,595
6.4
Des
•
71,165,623
+
4.2,,; U
5,441,152
5,302,923
+
2.6
4,668,746
303,254
+ 24.2
246,222
y
474,575,595
\y "
We now add our
I
)
'i| Clearings at—.
r
I |
673,935
+ 10.9
551,315
+ 10.3
4,867,692
4,419,861
—15.4
3,599,002
2,529,354
3,705,776
3,220,610
37,994,000
3,737,452
...
33,204,000
15.1
+
—
.
514,262
-2,667,317
3,126,066
29,883,000
-
+ 14.4
3,933,788
27,671,000
5.0 A
3;362,752
4,240,711
13,012,926
1
9,333,467
+ 39.4
8,687,622
9,767,508
■*40,000,000
35,273,554
+ 13.4
34,691,927
29,172,558
2,322,785
2,142,402
19,710,707
14,354,758
9,066,927
—
7,493,487
—.
.
2,039,888
1,640,127
+ 37.4
12,036,015
12,993,843
+ 21.0
6,417,985
6,152,589 '.
+ 18.7
606,150
498,146
9.3
484,566,473
423,436,982
+ 56.8
800,993
8,260,096
.
'
8.4
+
524,383,596
5,045,628
4,513,718
+
+ 31.6
5,944,376
4,856,515
10,097,286
7,671,236
3,115,799
2,325,860
+
2,262,479
1,891,357
2,618,572
2,150,675
+ 21.8
2,556,640
2,088,417
733,980,516
663,566,640
+10.6
610,664,220
538,727,055
,
cities)—
Eighth Federal Reserve District—St.
34.0
Louis—
185,800,000
195,800,000
Kentucky—Louisville
*85,000,000
72,247,637
82,444,223
76,077,025
1,357,000
1,092,000
344,404,537
355,413,248
:
;
5.1
189,700,000
165,800,000
3.1
67,272,883
62,750,272
5.0
—
61,148,980'
79,616,758
v
:
Tennessee—Memphis
Illinois—Quincy
Total
(4 cities)
317,677,232
+
9.0
303,403,385
225,715;020
„
Minneapolis
St.
5.4
152,716,336
+
—
+ 24.3
3.1
1,318,000
1,256,000
319,377,863
—
309,485,030
>
9.1
518,465,005
Ninth Federal Reserve District—Minneapolis—
490,983,171
+16.8
9,793,163,917
4,720,067,320
4,655,336
226,461,001
174.861,483
68,523.288
56.051,279
4,808,430
2,252,588
3,229,341
Paul—
+ 31.1
5,113,834
29.5
161,089,619
120,951,258
3.3
•48,887,324
45,618,028
3,798,261
+ 26.6
3,582,223
1,955,247
+
15.2
1,824,630
2,365,706
"
+ 36.5
1,695,019
+
+
4,941,683
•
•
North
Dakota—Fargo
South
Dakota—Aberdeen
—,—
Montana—Billings
Helena——————*
8,064,830,810
4.3
H' 6,101,915
Minnesota—Duluth
139,924,520
+
3,385,755
1,518,312
1,544,967
4,247,978,992
+
Total
5,879,075
6,290,358
307,666,921
(7 cities).
Tenth Federal
Ended
1944
i>■
Inc.
Oct.
or
20
X
V
7.0
+
5,237,454
6,599,510
> 184,559,513
227,430,083
+23.0 >
250,166,387
•
$
<
IIIIIZ' ' *
\
$
I
--
1943
1642
•
i
1,027,082
—:
8.1
.
•
-
'3,087,715
+ '8.4
3,192,176
3,809,865
+
80,627,567
+
+ 13.9
346,383,046
381,621,402
1,701,524
1,291^16
+
•
31.8
2,957,376
6,107,092
2,866,873
+
—-
6,715,365
6,518,348
■+
2,195,247
it. 1,124,219
'
St. Joseph->^-—
Colorado—Colorado Springs—;->—•-
•
196,599
3,339,975
82,760,125
61,754,054
2,940,134
9.7
+•
+..•258,678
187,165
.225,713
4,183,469
3.2
6,762,323
214,525,393
•
-
2,066,925
6,569,537
•4,597,932
198,126,485
4.7
"147,000,000
4,799,837
6,294,253-
3.0
+ 95.3
873,800
1,213,785
902,719
827,220
920,485
+
32.9
317,677,232
+
9.0
303,403,385
2,589,751
147,879,000
+ 38.8
+
3.4
2,393.664
125,294,981
18,700,276
3,553,000
♦1,700,000
"15,684,867
+
19.2
14,849,792
1.3
1,660,872
+/.
2.4
3,555,000
1,504,523
7,300,365
6,729,601
+
8.6
5,118,376
178,143,091
+
5.4
152,716,336
139,924,520
+
0.1
1,223,256
1,100,029
1,057,892
.
20.5
224,659,406
City__
,
24.1
97,171,809
—-—i—
Missouri—Kansas
4,979,277
366,274,843
3,348,475 '
,
,
;
•
588,412
—20.5
'740,178
504,326
462,932
.
1,688,329
•LtWorcester—"
+
'7.8
1367,724
4^27,173
5,574,947
Springfield
;
'
*1,820,349
|[New4
+ 13.1
4305,837
1,148,603
3,776,226
3,476,303
8.6
2,532,430
+ 22.4
13,713,240
11,302,446
7,352,015
6,383,900
+ 15.2
5,822,510
6,167,222
21,745,900
20,914,800
■+? 4.0
'+16,212,300
16,511,700
879,182
665,128
I1 New ^ven——^ •
.
■
District—Dallas-
Eleventh Federal Reserve
2,871,429
15,184,251
+
3,593,587
Texas—Austin—————
152,940,000
New. .Hampshire—Manchester-!.——
•••..J
••
-• : n.y
^
XXyXl
1,890,929
114,692,820
'
Worth"————
Fort
>
Galveston
'
-
225,715,020
-
6,614,327
•18,591.647
Connecticut—Hartford—-—
346,379,140
Total (10. cities)—————>—
'
IsL ;Pr-'
4,727,978
Omaha—
*
+ 28.7
-
Wichita———-—w-i.
-612,462
728,380
+
258,357
339,442
Lincoln
'
7.0
263,802
282,169
Hastings-—
Kansas—Topeka
943,615
'
>
Dec,
,
.
•417,150,408
yf :Fall- mver-—
)?fL0weft
.
City-
Reserve District—Kansas
Nebraska—Fremont
,!
IMstfiotc^Basiws-r '*
-
+ 32.2-
Wichita
525,016
334,970
Falls
1
—
1
Louisiana—tmieveport
-ciUesX^—^--4--;
433.S16.845
Total
District—New York-
Second Federal Reserve
;
3,538,039
951,096
227,430,083
+
Portland-..
Total r <13
356,888,590
5,406,144
Missouri—St. Louis——
i
Massacbusetts^BostOTV,^*^—
4
414,435,592
747,493
4,692,766
+ 23.0
178,143,091
-
Rhode
6 4+;
538,727,055
;
557,444,177
Maine—Bangor—
.
+
detailed statement showing the figures for each city for the
■v*>-s.
First Federal Reservw
223,118
88,4 29,436
2,992,612
573,246,989
250,166,387
Week
<>■
4,401,621
91,830,493
Bnringfleld———
week ended Oct. 20 for four years.
»
.
6.6
286,115,182
187.793,228
yy"y "
77,058,311
•
5,961,330
{
Chicago
309,485,030
184,559,513
5,077,223,940
<"
*
59,889,330
>,
+
101,303,844
Illinois—Bloomington
319,377,863
5,294,277,965
"V
2,633,672
♦1,900,000
34,790,286
♦108,000,000
Moines——j.————
610,664,220
) Outside New YorkCity——
•,j$
v. -
2,272,920
Sioux City.——'
3.1
12,211,204,982
,
2,489,850
>
45,311,953
:
Bend
+10.6
111 cities
i'
..
■38,005,243
132,700,000
District-—Chicago-
Iowa—Cedar Rapids——
559,493,340
.608,177,593
;
.
'7,046,903
.v
+ 27.4
!
414,435,592 .>>4 356,888,590
—
+ 18.5
2,841,702
;
39,458,172
£'
+ 35.0
Terre Haute—
583,883,758
631,489,101
10,459,937,302
')'TotflVv./"
682,578,359
2.7
+
.
504,780,506
■
:
Wisconsin—Milwaukee
3,955,138,786
—
v
10,567,906
157,700,000
,'
43,945,717
Lansing—y
South
433,916,845
5,240,675,042
673,567,652
4.0
0.5
:1942 • ;
$ Xy
1943
$
+13.6
655,405,194
+
'
+ £4.2
+14.6
+
8.1
+
+
Xt: 2,114,634
Indianapolis
r-X'Xy.;
c K
425,660,918
674,929,930
286,115,182
376,729
—
Indiana—Fort Wayne
■;
>"■
5,571,176,795
|
'«;»
7tb Chicago
-
ft.
'
12,793,517
Decatur
483,472,695
.^'773,764,833
|0.
7
—«
Inc. or
Dec. %
$
295,973,950
2,694,498
(10 cities).
Total (17
^1944
9.7
+
'
and
6,916,927,017
"
12
j
1945
.•'••-,$
•
.
12 cities
L—-
list Boston
igd
V
-,
Districts
Reserve
36,021,954
44,704,381
.3,368,404
y
SUMMARY OF BANK CLEARINGS
It
'2,649,520
144,288,486
39,020,158
KocJciord—----M—>—'
In the following we furnish a summary by Federal Reserve Districts:
+
2,044,034
150,769,485
59,325,650
-74,141,657
Michigan—Ann Arbor
./ Grand Rapids-——:
—
,
s
8.1
0.4
+ 29.3
190,100,000
'
191,100,000
———1
-
}
13,828,002
—
Peoria
(f
890,717
>• -
:
'
2,448,442
53,691,248
-
.
1,228,333
■
larger by
are
increase of 9.0%, in the Dallas Reserve District of
an
559,493,34C
+ 14.9
165,759,018
Seventh Federal Reserve
In the Kansas Cjty ^Reserve
in the San Francisco Reserve District of 9.1%.
>
We group
The Chicago Reserve District
Ejt. Louis Reserve District registers a loss of 3.1%.
631,489,101
+ 36.7
—
——
Louisiana—New
gain of 10.6% and the Minneapolis Reserve District of 23.0%, but the
a
2.7
—
2,774,453
'
Reserve District the totals
in the Richmond Reserve District the totals
229,465,834
+ 24.0
Mobile
■
are
269,623,813
1,521,209
Mississippi—Vicksburg
Districts in which they are located and
Philadelphia Reserve District of 14.6%. In the Cleveland
2,975,801
8.0
—
6,520,000
Columbia—Washington-
Alabama—Birmingham
that in the New York District (including this city) the totals
appears
13,349,500
2,117,532
3.309,267
100,759,240
Carolina—Charleston
Macon——
expansion of 24.2%, in the Boston Reserve District of 13.6% and in the
an
17,971,700
3.4
—
"V'8,916,000
Florida—Jacksonville
gain of 4.3%,
increase of 25.1%.
an
+ 12.6
—16.4
X 115,751,802
Georgia—AtlantaAugusta-—.
16.8%; the aggregate of
putslde of this city there
having recorded
105,577,887
202,237,629
Federal Reserve District—Richmond-
Nashville.:
clearings for the whole country having amounted to $12,211,204,982 against $10,459,the bank clearings at this center
673,567,652
3,112,234
109,773,793
224,917,127
Sixth Federal Reserve District—Atlanta--
yve are able to give the final and complete results for the week previous—the week
fended Oct. 20.
267,396,642
655,405,194
(7 cities).
'
3,102,283
4,892,582
3,775,869
3.9
1.4
+
—
-
16,993,700
2,592,320
4,724,249
Tennessee—Knoxville...
present further below,
we
+ 11.7
4,119,186
131,818,130
246,669,107
19,126,200
21.2
has to be estimated.
cases
•
+
—II"
II"
Maryland—Baltimore
much as the week
as
1.166,326
Virginia—Huntington.—-—...
South
9.6
+
$9,824,728,343
We cannot furnish them today, in
2,132,549
1,176,368
+ 10.4
[
.#
Richmond——.
Complete and exact details for the week covered by the foregoing will
jin ourIssue of next week.
2,313,068
+ 13.3
4,856,700
Total (6 cities)
If
+ 16.2
1.626,886
Reserve District—Cleveland-
Virginia—Norfolk
+ 23.9
1,811,698,263
$11,910,3C6,134
1,323,921
2.942.123
1.7
+
District
Total all cities for week
569.000,000
1,206.093
8.8
—
$8,013,030,080
1.985,051,022
day
1,584,893
667,000,000
2,049,502
Pennsylvania—Pittsburgh.
Fifth
All
1,633,392
+ 14.6
^1^64,833
'
Mansfield
13.0
+
121,520,767
Total all cities, five
+ 28.3
Youngstown
—11.0
187,575,462
123,598,412
1
442,156
+ 38.7
———.
Columbus.
5.4
—
206,328,804
171,141,567
Baltimore
Other cities, five days.^—
1.423,148
894,143
5,160.100
cities)
3.4
+
;<neveland—
Ten cities, five days.
437,574
1,273,607
8.2
1,833,759
2,263,591
Cleveland
255,347,000
183,652,592
.
509.796
+ 11.7
1,7.98,473
,
Cincinnati
+ 21.8
178,258,289
1
.
514,000,000
298,653,561
153,300,000
Kansas City—
543,000,000
—
+ 28.7
+
657,000.000
Jersey—Trenton
Ohio—Canton
6.5
363,857,169
——
~
$
1,843,886
Fourth Federal
+ 35.1
$4,114,740,322
•438,000,455
-
1942
ft
'1944 V
.
$
3,420,005
York
Telegr aph
,
1943
<?e
2,353,100
Wilkes-Barre
New
1945
771,280
Scranton—
Our comparative
20
753,000,000
2,493,507
Philadelphia
Reading
,
.
618,529
1.432,678
Lancaster
Total
Week Ending Oct. 27—
^
Chester...
1944.
in
795,751
01,600,000
834,893
Bethlehem
Our preliminary
same
Dec.
Oct.
or
District—Philadelphia-
Pennsylvania—Altoona
possible to obtain weekly clearings
above those for the corresponding week last year.
Inc.
$
country, indicate that for the week ended Saturday, Oct. 27, clearings
be 21.2%
Ended
1944
1945
■
ago.
telegraphic advices from the chief
upon
for all cities of the United States from which it is
total
compared with
.f",
Third Federal Reserve
based
us,
increase
an
Week
'•
Twelfth
187,793,228.
cities)!
(6
Federal
Reserve
3,599,000
—
L
7
.
.
13,364,181
3,686,000
1,209,736
5,080,854'
District—San Francisco—
'
•
New
11,312,164
—29.3
6,197,343
6,507,201
1,561,680
:.»8,ooo,ooot
-
York—Albany.
+35.6
1,418,008
1,152,645
-
1
2,117,850
Binghamton.
75,962,000- v—-10.2
68,193,000
i;
I!
•J
Z;
| Ehxiira
t
•.
Jamestown-j—;
{(i New York.
I
6,733,617,878
5
Connecticut—Stamford
:
New
i;'
; >1,114,958
5,382,713,862
-
;t
13,991,428
Rochester™,
k. Syracuse-,—
.
Z
1,411,393
.7,665,560
;
Jersey—Montclair___.
"•"
Newark
ir
—12 0
1,002,914
+ 26.6
Z 989,514
1
i + 25.1
•
■Z
•
V).-1,104,574
) 1,164,065
3,816,851,818
11,800,754
.
/
9,323,353
5,981,677
I
—i 3.0
9,353,668
+; i.o
+; 6.4
5,551,310
412,481
23,248,792
29,047,824
)
;
-
•
•
435,091
20,788,670
jjfNorthern New Jersey.
Total
(12
cities)
41,372,156
6.916.927.017-
\ 41,645,214 i;
—
0.7-
5,571,176,795-' +24.2
'>
43,725,169
5,240,675,042
-
•v,
Oregon—Portland——
Utah—Salt Lake City—
•
^
+——
Jose
—
—
30,311,581
3,955,138,786
Outside
New
(111
+
10.4
31,909,236
10,064,803
85,205,795
30,997,152
.
7.0
+
44.2
+
13.3
8,310,834
2,112,824
5,678,979
+
40.6
+
54.0
+
5.7
+
9.1
518,465,005
7,649,151
5,452,899
557,444,177
2,083,083
:
9,027,365
6,521,718
359,124,000
4,976,033
-
*
.
—
!—
12.211,204,982
—5,294,277,965
10,459,937,802
+
16.8
5,077,223,940
+
4.3
2.878.104,
259,439,000.
285,709,000
6,089,925
1,600,023
733,628'
1,202,630
,.
4,922.530
r—+-t
j
490,983,1711
.
■
cities)
York—
•Estimated^
95,872,098
86,120,567
"
»
+
:
3,254,024
(10 cities).
Grand Total
33,545,973
8,436,886
4,523,789
316,836,000
84,049,675
2,492,844
3.9
+22.3
—
♦6,000,000
.'■••■
11,682,510
:
Barbara
Stockton
Total
86,381,581
•
606,177,593
,
—
San Francisco
San
3,511,673
>
California—Long Beaeh
Pasadena
88,105,638
4,293,502
83,029,537
37,047,448
•
7,059,186
•
'
■
88,197,489
r;
Yakima
Santa
22.6
•■601,216 t
7.899,501
.
54,889,292
5,073,096,597
+ 20.9
1+
6,478,287
601,956 '
30.904,245
?
11,577,151
7,940,395
63,448,125
)
1,262,938
4,111,156
'
Washington—Seattle--—,
■
i
9,793,163,917
0,064,830,810!
4,720,067,320-
4,247,978,992;
Monday, October 29, 1945
CHR&NICLE
& FINANCIAL
THE COMMERCIAL
£054
equity shares for strictly new money purposes
of September were
total, $801,392,052,
comparing with $961,535,209 in July, which was the
largest monthly total since September, 1929, when $1,507,376,014 was recorded.
The total for September of
this year compares with $442,322,155 for August and
S429,924,540 for September, 1944. - The increase in the
month's financing over August may be attributed to a
better market for new securities due to existing low in¬
terest rate levels and the fact that industry was eager to
finance reconversion programs before the Victory Loan
Corporate emissions for the month
the second largest of the year, the
<which is scheduled to
years.
There
000
start on Oct. 29.
Public utility issues
accounted for $370,415,000 of the
$271,412,000; other industrial and
$99,738,572; motors, $17,000,000; land,
buildings, etc., $1,200,000 and miscellaneous, $41,626,000.
September in¬
Telegraph Co.
2%s; $125,000,000 Southern Pacific R.R. 1st rntge. 2%s
and 3%s; $113,825,000 Consumers Power Co. 1st rntge.
2%s; $81,602,000 Union Pacific R.R. ref. rntge. 3s; $55,000,000 Northern Pacific Ry. coll. trust 4^s; $48,000,000
Public Service Co. of Indiana Inc. 1st rntge. 3Vss; $26,000,-
v
issues brought out during
$160,000,000 American Telephone &
The principal
clude
000 Minnesota
Power & Light
etc., $198,516,082; oil, $255,289,452 and all other
categories, $333,196,553.
i
Below we present a tabulation of figures since Janu¬
1943, showing the different monthly amounts of
corporate financing.
Revisions of the 1944 and 1943 fig¬
ures may be necessary, particularly as additional private
financing is brought to light.
stock of Kaiser-Frazer Corp.,
offered at $10 per share, or a total of $17,000,000.
This
offering constituted one of the largest flotations of
FIGURES BY MONTHS 1945, 1944 AND
SUMMARY OF CORPORATE
$
$
::
New
July
315,020,703
37,773,350
160,456,350
158,761,995
122,683,000
62,615,780
96,146,215
*
$
$
$
1,865,000
38,447,228
Total
161,332,000
295,766,014
357,810,201
45,455,742
103,534,713
148,990,455
131,710,408
729,377,786
861,088,194
145,844,672
322,363,928
468,208,800
71,071,229
47,829,228
100,856,401
157,860,123
1,352,125
554,222,202
655,078,603
73,464,341
181,100,006
367,086,226
524,946,349
75,767,125
32,615,868
107,635,665
184,091,294
95,812,568
Second quarter
260,068,649
995,723,428 1,255,792,077
142,453,492
375,731,367
518,184,859
79,404,976
215,458,248
8iX months
391,779,057 1,725,101,214 2,116,880,271
288,298,364
698,095,295
986,393,659
150,476,205
263,287,476
_
Total
for
57,327,813
105,572,951
29,207,720
153,916,988
140,608,034
400,716,820
211,244,801
246,180,985
429,924,540
19,174,700
22,403,704
9,875,000
79,3} 1,000
55,165,000
192,108,484
695,241,842
887,350,326
'■ 51,453,404
200,055,800
—
211,613,966
749,921,243
961,535,209
—
guly—,,
August
September
106.844.173
335.477,982.
442.322,155
698,465,793
801,392,052
102,926,259
Third quarter
;•
421,384,398 1,783,865,018 2,205,249,416
,
»
74,902,000
65,579,800
201,929,609
480,406,843 1,393,337,137 1,873,743,985
813,163,455 3,508,966,232 4,322,129,687
Nine months
463,343,276
86,662,467
69,861,543
83,128,500
748,153,755
40,673,226
335,894,097
358,709,844
121,032,738
114,104,052
132,785,499
114,236,772
172,115,497 1,067,533,601 1,239,649,098
21,000,000
12,560,000
227,939,00(1
518,999,000
33.560,000
J 485,439,000
13,592.488,000
9,400,287,000
4,192,201,000
Total
for
September
,,
Total for nine months
•Comprise sales of special series certificates and notes; certificates
sold to Adjusted Service Certificates Fund and Unemployed Trust Fund,
and notes to Federal Old Age and Survivors Insurance Trust Account,
Civil
Service
Retirement
Fund,
Foreign Service
Retirement Fund,
Railroad Retirement Fund, Postal
Fund, National Service
Insurance Corporation, and
Federal Savings Ac Loan Insurance Corporation.
xNet retired.
Canal Zone Retirement Fund, Alaska
8avlngs
Life
Government
System,
Insurance
377,872,345
we give complete details of the capital flota¬
during September, including every issue of any
kind brought out in that month.
Details of New
announced the offering of
one-year %% Treasury Certificates of Indebtedness of
Series G-1946 in exchange for % % Treasury Certificates*
Long-Term Bonds and Notes
RAILROADS
4%% bonds due
Price,
par
and
Blyth & Co.,
Inc., Goldman, Sachs & Co., Harriman Ripley & Co., Inc.,
Kuhn, Loeb & Co., Lehman Brothers, Salomon Bros. &
Hutzler, Glore, Forgan & Co., Hallgarten & Co., Hornblower &
Weeks, W. E. Hutton & Co., Lee Higginson
Corp., F. S. Moseley & Co., Paine, Webber, Jackson &
Curtis, White, Weld & Co., Laurence M. Marks & Co.,
Drexel & Co., Harris, Hall & Co.
(Inc.), Hemphill, Noyes
& Co., R. W. Pressprich <fc Co., L. F. Rothschild & Co.,
Tucker, Anthony & Co., The Wisconsin Co., Stroud .&
Co., Inc., Whiting, Weeks & Stubbs, Bacon, Whipple & Co.„
Alex. Brown & Sons, The Illinois Co., The Milwaukee Co.,
Riter & Co., Dean Witter & Co., Baker, Weeks & Harden,
First of Michigan Corp., Hawley, Shepard & Co., Hayden,
Miller & Co., Kalman & Co., Inc., Maynard H. Murch &
Co., Chas. W. Scranton & Co., J. M. Dain & Co., Fahey,
Clark & Co., Folger, Nolan, Inc., J. J. B. Hilliard & Son,
Sept.
bonds of 1945-47, called for redemp¬
$3,416,641,000 of certificates and
Sept. 15, 1945.
cates.
91 days
1 year
1 year
Sep 27
Sep
1
Aug 20
Sep
1
Sep 1-30 Sep
1
„
fined to the usual weekly offering of Treasury
bills,
sav¬
ings bonds, depositary bonds and tax anticipation notes.
r
The Treasury announced on Sept. 24 the offering of
1 year % % Treasury Certificates of Indebtedness, Series
H-1946 in exchange for %% Treasury Certificates of
Indebtedness of Series G-1945, maturing Oct. 1, 1945.
This offering will be covered in these columns next
month.
907,604,000
514,112,967
Sep 1-30 Sep
12 years
W, H. Newbold's Son & Co.,
UNITED
2 years
91,593,600
Total
STATES
TREASURY
Dat®
FINANCING
Amount
\
Dated
Due
DURING
V; v ' "
Total for
Wood
Co., Atkinson, Jones & Co.
Co.
& Co., Woodardand Irving J. Rice
-
series
Air
*'00"
Line
Ry.
2%
equipment
due semi-annually
-
trust
certificates
April 1, 1946-Oct.
1, 1960.
purchase of equipment.
Priced to yield from
according to maturity. Offered by Halsey,
Stuart & Co., Inc., Harris, Hall & Co. (Inc.), Blair & Co.,
Purpose,
Equitable Securities Corp., Otis & Co.,
Sons, First of Michigan Corp., The
Brown &
;
Miller
Accepted
2
b
25,000,000 Southern Pacific RR. 2%%
Total for six months..
._..u
112,378,028,045
Burge & Kraus; Bateman, Eichler & Co., William Blair &
Co., Blyth & Co., Inc., Alex. Brown & Sons, Butcher &
Sherrerd, Coffin Ac Burr, Inc., Cooley & Co., J. M. Dain
on a
USE
Accepted
s
for
$
New
'
Refunding
$
July 19
July 26
Jly 1-30 July l
jly 1-30 Jly
Jly 1-30 July
July 20
*
Indebtedness
Inc., Johnston, Lemon & Co., Kalman & Co., Inc.,
Kidder, Peabody & Co., Kirkpatrick-Pettis Co., Laird, Bis& Meeds, W. C. Langley & Co., Lee Higginson Corp.,
Co.,
$
•
,
July 19
July 26
1
Total
2
9
1,304,858,000
99.905 + *0.375
Aug
2,232,925,000
1,310,619,000
99.905 + *0.375
91
days
2,044,672,000
2,046,886,000
1,305,479,000
99.905+ *0.375
Aug 16
Aug 23
1,312,071,000
99.905 + *0.375
Aug 30
1,294,475,491
15,099,000
307,433,600
1,294,475,491
a
Aug
a
100
b
Aug
2
307,433,600 100
15,099,000
•
1
1
■
2
91 days
9
91 days
Aug 16
91 days
Aug 17
Aug 23
92 days
Aug 24
Aug 30
July 22
Aug 1
Aug 1-30 Aug 1
91 days
1 year
10-12 yrs
699.740,877
J,316 707,000
1,317 735,000
1,314 474,000
> 6,850,035,091
5,224,537,000
1,316,707,000
1,317,735,000
1,314,334,000
2,373,000
1,307,423,000
10,312,000
91 day Treas. bills
92 day Treas. bills
91 day Treas bills
Ctfs.
of
indebt.
U. S. Savings bds.
1,314,474,000
1,307,396,000
7,078,000
for
July
6
Sep
13
1,310 516,000
1,986,070,000
1,309 041,COO
99.905 + *0.375
Sep 27
2,469,615,000
2,469 615,000 100
August
2,005,975,000
1,956,339,000
day Treas.
bills
day
bills
699. 740.877
99.905+ *0.375
Sep
Sep
6
13
91
99.905 + *0.375
99.904 + *0.374
Sep
20
91
a
%
a
91
Treas.
bills
91 day Treas. bills
day
Sep
1
Ctfs.
Sep
1
Ctfs." of
1
U. .S.
Treas.
of
indebt.™
indebt
12 years
7,295,000
7 ,295,000
100
Sep
2 years
145,421,100
145 ,421,100
100
Sep
Depositary
Tax
—
Sep 20
91 days
.
1,310,516,000
•
1,310,516,000
1,309,041,000
2,469,615,000
1,625,498,091
1,309,041,000
Witter &
2,469,615,000
7,295,000
145,421,100
872,219,977
1,306,033,000
1,301,933,000
1,306,649,000
1,300,610,000
3,416,641,000
907,604,000
514,112,967
2,050,500
91,593,600
'1,302,298,000
9,534,423,000
Co.
1,
1986.
Offered
1st mortgage bonds, series B,
refunding, Price, 100 and
syndicate as offered the $25,-
Purpose,
by 3ame
bonds (see foregoing).
(Continued on page 2057)
000,000 21s%
v
r
3,735,000
10,147,227,067
Jan.
interest.
J
9,018,325,000
;
:
V,
Savings Bds.
bonds-
Antic'n
notes
1,301,933,000
1.305,337,000
It312~000
1,300,610,000
3,416,641,000
1,932,337,000
2.024,665,000
1,306,033,000
907,604,000
514.112,967
2,050,500;
91,593,600
99.905 + *0.375
91 days
2.093,607,000
1,306,649,000
99.905 + *0.375
for
Total
for
September
612,804,067
99.905 + *0.375
1,301,933,000
nine
comprehensive tables on the
compare the Septem¬
ber and the nine months' figures with
those for the corresponding periods in the
four years preceding, thus affording a five
year comparison.
In
the
next two pages we
9,890,544,977
days
91
due
7,295,000
145,421,100
Beane,
50,000,000 Southern Pacific RR. 3%%
699,740,877
699.740,877
9,890,544,977
for
Total
Sep
Sep
15,099.000
307,433,600
&
99.905 + *0.375
1,938,301,000
2,007,689,000
August
Aug 28
1,8 lT,000
1,294,475,491
Mellon
Co.,
Fenner
91 day Treas. bills
91 day Treas. bills;
Sep
for
1,310,260,000
Laurence M. Marks & Co., McDonald
Securities, Corp., Merrill Lynch, Pierqe,
Merrill, Turben & Co., Metropolitan St.
Louis Co., Minsch, Monell & Co., Morgan Stanley & Co.,
F. S.. Moseley & Co., Maynard H. Murch & Co., Newhard,
Cook & Co., The Ohio Co., Pacific Northwest Co., Paine,
Webber, Jackson & Curtis, Phelps, Fenn & Co., R. W.
Pressprich & Co., Putnam & Co., E. H. Rollins & Sons,
Inc.,1 Scott & Stringfellow,
Chas. W. Scranton & Co.,
Shields & Co.; Smith, Barney & Co., William R. Staats
Co., Stein Bros. & Boyce, Stone & Webster and Blodget,
Inc., Stroud & Co., Inc., Swiss American Corp., Tucker,
Anthony & Co., G. H. Walker & Co.. Weeden & Co., Inc.,
Whiting, Weeks & Stubbs, The Wisconsin Co. and Dean&
6,679,000
6,850,035,091
July 27
Aug 3
Aug 10
Aug 1-30 August
Aug 1-30 August
1,294,475,491
15,099,000
307,433,600
Depositary bonds_
Tax Antic'n notes
Aug
Total
Aug
Aug
bds.
Depositary bondsTax Antic'n notes
85,490,220,910
2.028,528,900
July..!
1,305,479.000
1,303,940,000
Brothers,
Lehman
1,304,858,000
1,310,619,000
1,305,479,000
1,312.071,000
91
Aug
for
1,304,858,000
91
days
2 years
bills
bills
bills
bills
day Treas.
day Treas.
91 day Treas.
91 day Treas.
U. S. Savings
5
July 12
July
91
10-12 yrs
12 years
Equitable Securities Corp., Estabrook & Co., Fahey, Clark
Co., The First Boston Corp., Glore, Forgan & Co.,
Glover & MacGregor,
Inc., Hallgarten & Co., Harriman
Ripley & Co., Inc., Ira Haupt & Co.. Hayden, Miller . &
Co., Hayden, Stone & Co., Heller, Bruce & Co., Henry
Herrman & Co., Hill, Richards & Co.. J. J. B. Hilliard &
Son, J. A. Hogle & Co.,
Hornblower & Weeks, W. E.
Hutton & Co., The Illinois Co., Johnson, Lane, Space &
sell
91 days
91 days
Co.,
&
85,490,520,910 53,762,426,000 31,727,794,910
months
six
Davenport & Co., Davies & Mejia, R. L. Day &
Co., R. S. Dickson & Co., Inc., Dominick & Dominick,
Drexel & Co., Eastman, Dillon & Co., Elworthy & Co.,
&
OF FUNDS
Total Amount
Type of
Security
Dated
Aug
July 5
July 12
1st mortgage bonds, series A,
Jan.
1, 1961.
Purpose, refunding.
Price, 99% to
yield about 2.91% to maturity... Offered by Kuhn, Loeb
Loeb & Co., A. C. Allyn & Co., Inc., Bacon, Whipple .&
Co., Baker, Watts & Co., Baker, Weeks & Harden, Ball,
due
Yield
%
Co., Inc.,
& Ken¬
Inc.
.
July
price
$
Moran
Mason,
dall,
&
S. Yantis & Co., Inc., C. C. Collings &
& Co., and Patterson, Copeland
& Co., F.
a
—
,
months
nine
Inc., Alex.
Illinois Co.,
Co., Julien Collins & Co., The First
Cleveland Corp.,
Kebbon, McCotmick & Co., McMaster
Hutchinson & Co., Mullaney, Ross & Co., Alfred O'Gara
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%; series F have a 12-year matur¬
ity, are sold on a discount basis, at 74, and yield 2.53%; and series G
have a 12-year maturity, are sold at
100, and bear 2y2% interest,
b Comprised of separate issues, designated Treasury notes of tax series
A-1945, series C-1945, series C-1946 and series C-1947. Series A earn
about 1.92% a year and series C, about 1.07%.
July
1945
Amount
Applied for
&
Sep 14
E.
Scribner,
&
3,810,000 Seaboard
10,147,227,067
September
for
•/.
July
7
Pacific Northwest Co., Singer,
&
&c
of its
operations the Treasury in September
sold $10,147,227,067 worth of securities and redeemed
$9,534,423,000, leaving $612,804,067 in new indebtedness.
We now present our usual tabulation:
Total
Harold
Deane
<702,995,786 1,080,868,131
514,112,967
a
2,050,500 100
91,593,600 100
2,050,500
Sep 1-30 Sep
Total
By all
Total
by Morgan Stanley & Co.,
Elwood
1,300,610,000 99.905+*0.375
3,416,641,000 100
%
' 907,604,000 100
'/»
2,073,470,000
3,416,641,000
10-12 yrs.
•Average rate
V
Outside of the refunding issue of certificates in Sep¬
tember the Treasury's financing in September was con¬
29
Ry. collateral trust
Purpose,
refunding.
Offered
1,
interest.
$907,604,000 bonds were? exchanged for the new certifi¬
Jun
(Issues Maturing Later
Pacific
1975.
$55,000,000 Northern
maturing Sept. 1, 1945,
of Indebtedness of Series F-1945,
and 2%% Treasury
21
Aug 20
Sep
The Treasury on August 20
July 6
July 13
Capital Flotations
During September, 1945
Inc.,
Treasury Financing in September
Offered
Insurance
Deposit
Below
Hayden,
>
Life
Federal
Fund,
tions
415,595,246
239,652,510
175,942,736
652,522,345 2,460,870,738 3,113,393,083
Twelve months-
on
257,500,000
278,500,000
0.90% to 2.40%
Fourth quarter._.~M.
tion
223,120,000
475.020,000
.
240,499,000
127,335,693
190,894,281
97,365,272
617,535,452
22,815,747
18,681,447
December
12,730,000
September—
665,272,885
130,618,303
November.
__
Notes
251,509,204
74,415,000
251,900,000
*
Certificates
84,754,500
101,714,704
65,040,000
—
600,000
12,330,000
487,750,000
August
294,863,224
413,763,681
May.——
746,116,000
235,250,000
Certificates
Notes
125,811,993
April
757,116,000
July
11,000,000
August—
95,686,940
73,364,291
84,004,408
216,707,162
120,377,691
44,743,680
36,373,283
20,784,940
28,620,611
29,999,425
quarter
Firat
38.300,000
707,816,000
•.,'11,000,000
252,500,000
for
118,900,457
26,925,290
—-
-
V;;
38,300,000
10,315,000
13,195,000
95,390,457
7,517,000
2,798,000
11,330,000
56,943,229
62,044,187
February
*
718,816.000
;
Total
Refunding
Capital
188,257,290
March
$
'2,485,626,000
Than Five Years)
$
$
$
272,279,772
42,740,931
ffanuary
Net Issued
,i$:.
9,342,597,000
-1943Total
Refunding
Capital
$
-
.
New
Total
; v,
.
11,828,623,000
_
Certificates
1943
1944
1945
Refunding
Capital
months.
six
Notes
ary,
700,000 shares of common
New
corporate
total
copper,
Co., 1st rntge. 3y8s and 1,-
for
>
■
f
emissions for the nine months
/.
X ended September, 1945, aggregated $4,322,129,687, com¬
pared with $1,873,743,985 for the 1944 period.
Of the
total $813,163,455, or 19%, was for new money and $3,508,966,232 or 81% for refunding. The greater portion
of the financing for the first nine months of 1945 fell
under the pubilc utility column, the total being $1,515,358,407; railroads added up $1,185,619,500; other indus¬
trial and manufacturing, $813,149,693; iron, steel, coal,
The
manufacturing
Total
s
17.9% of the total recorded for January.
months of 1944.
{13% went for new money purposes.
month's total; railroads
decided falling off in the
Municipal financing for September totaled $46,882,703,
compared with $65,224,292, in August and $18,336,816, in
September, 1944. The nine months total footed up $604,028,292, compared with $425,538,342, for the first nine
Refunding of
;
or
a
Retired
Issued
1945—
:
was
FINANCING
♦INTRA-GOVERNMENT
in recent
amount of fi¬
nancing placed privately.
The total for September com¬
prised seven separate issues aggregating $12,700,000, or
1.6%.
This compared with $195,993,000, or 44.3% of
the September total; $130,955,000 or 13.6% of the total
reported in July; $73,250,000 or 96.7% in June; $102,661,000 or 19.4% in May; $107,060,000 or 16.3% of the total
reported in April; $157,275,000 or 44% reported in March;
$29,600,000 of 15.7% so placed in February and $56,414,-
outstanding issues continued to absorb
the greater portion of all the money raised as in the
previous 21 months, the total for this purpose amounted
to $698,465,793 or 87%.
The balance of $102,926,259, or
!
September
Capital Flotations in the United States During the Month of
And for the Nine Months of the Calendar Year 1945
The
months__112,378,028,O45 77,539,711,000 34,838,317,045
»
,
I
178,02 .
Refundi g *. 15,8 0
5,398730 1 2,0
Capit l 2,140
-194
8,457 0 3,6 7,213
$
,
-:i-:
178,02
—
—.
2,498,30
Refundi g 34,870 9,60 0
—1941
19,70 576 4,56
34,26 713
—
7,06 ,0 5,3 0, 0
8,50 , 0 "2~3"O75
6,048
5, 10,3 0 34,870 102,9830
6750 76 5 12, 4713 7,06 ,0 7,9 2, 5
37501,5 6
10,42608 1,390, 0 42.69q0
14.01 86 "~8 Ol75o
58, 2:086
29,30
1,0 0 2,140
New
58, 2086 18,40 23,19532 50 ,0 0 10,97 418
"ioilo "Yoi.o o
'05,634
>
$.;
87562^,50 1,863586
Capit l 18,0950
$
Refundi g 207^ 0 |"5q5, 6 ~ 8~oT,65o
30,4650
Capitl 1,390 6,435,0 10,9450
18,0950
-194^ 8S."
16,39167 45,084753
28,45 86
New
48,560
'
50 ,0 0
30.46,50 18,40 0 6,56,15 5,89265
Refundi g 30,4650
6,925,0
'V) 1.390, 0 35,76 0
,T6t*r
2,7820 '■ 1,6740
„
"230, 0
ixM.m
6,925,0
3,501, 86
10,42608 1,390, 0 13.60,
59,0 I7o57£56o
i.qop. o 57 ~o5*,o 6
1,045: 5
4,0 0 45,06 0
50,12 0 ~5 ~q7o6
,
New
34, 8 —_1,904
57012,?0-
2,572, 5 !7q5^45
15,8 0
Capitl
30,57 421 64,80134
7,50 , 0
6,50,0 17,63 013 41,8970 10,2.5
5.07 ,52
:•
~
—
48,560 87562 0 1,863,586
'
-
16,3910 • —W 26,950 20,75 0 209,1 05
New
-1942—
i7od,6o
17904:5
$
s
:
1
$
Total
:.
Total 41,8970 104,950 257 0,5
195.6 ,013 26,950 51,3 17 273,96184
13785,0 3.79,213
Total
50 ,0
boo
97500,
*19156,6,390^03
34,26?X*;r
13,695 86
.
4943-
-
59,0 0 1,0 ,0 4,50, 0
Refundi g 50,1250 50 ,0 0 4,50, 0
5,1650 23,90 10,8 0 89,14580
$
"•$
3,250. 0 1,750, 0
Total $-i 4,0 ,0 40,5 0 10, 0
65,04 0 23,90 20,53 82 109,47 382
Total
-
■
siTo o 10, 0 2,15,0
Refundi g
-1943
..
,
"■j
57 5 ,65
4,50
1,946. 0
4,290 1,750
42,0 0 10,6 0
;
50 ,0 0
YSiUtaBnNprulePotcsOdGw.vbFfgekfharon,dramgmusn.iclplytesFESOITMAFPVQSRTUIHNBSAHNXREEO 28,64504219,0"71860817,3925
YFESIOMTVAPFIHRNLAAFUOBECRRPGDNM
Capitl 4>,0 0 :s2,80 .
9,875,0 V.• 10,49582 20,34582
New
L
"50 ,0 0
9,3750
1,250 1,750
4,0 ,0 3,0 ,0
,
..
429, 450 30,1 0 18,3681
478,21356
40,716820 30,1 0 5,670,35 436,9715
15,481235 9,830 4 3,895,645
29,07 20
12,6 481 41,874201
Capitl
673,5 0 104,637056 23,1 96
801,39205 t4,50. 0 17,80 46,82703 869,547
Total
Capitl
$
New
$
-Total
GOVERNMT,
-•
. 18,30 103,7620 20~60 70,9257 6
•$
"
Refundi g 350,8 765 49, CMJ20 470,235
$
-194
Total
V;'
36,2870 59.27L60 4,365,80
Total
-194
372~507 0
36,2870
49,2850
13,709 40
65.07, 0 3,2~5"0,
35Q,80765
40,53.60
9,37 695
5,38~6o
15.481,235
9,35,140
~
Refundig s 178,250 103,7865
s
"
vi 9,8 0, 0
43,235
5
—
2 0^ 0
New
CORPATE
3*.
$
74,96 5 5725(370
49,105 178,250 14,2531
9,80, 0 9,438, 75
3,250 17,0 0 81,43 752
271,4 0 367,150 18,30 0 I,2~o 7bo 15,07 0
41,62 30
17,0 0 9,738 52
NOAGRENUWFPDI 67633,85,10275
FCOFOREPIGNAT,
SEPTMBR '•, naoteds stock- stock- bnoaonteddss stoc—k stock—-- bonaontne.ds-ds;. ——.- ;. Governm governmtGaovcies,AMunicptal—.Ste,s,Posei—n- Sbfadiutnocnnleydidoosset SEPTMBRNBootaens-ds —_ ecotp, manufc-tres— ories maanufcntrig—d etc.— htetorraltudcisn.g,, NBootaens-ds ecotpr,manuf-ctes ori— maanunfctdrig' etc hteotrraltducisn.g,, '—. etcc.op—er, manufs- aces,ori maanufctprig—d. etc,—. —heottrlratducins.g,, j>;■ ecto.p—r, manuf—.t acesori maanufctnrig—d e—t—,c 4hteortalrdtucins.g,,U 102.9se6c,u5rit
Refundi g 638,1 275 60,154^18
698,45793
$
-1945
Capit l
New
$
35,26 725 4,~ 4853 23,1 96
102,965
4,50,0 17,80 9,461,0
729,60793
CHAR TE
37,421703 140,37962
SUM ARY
bonds
OFMONTH Long-term Short-em Prefred Long-term Short-em Com on foreign— Long-term Short-e-m Presftorcked Cosmtock—on
Corp ate- Domestic— Com n Candian- Pref d
Other
x
:
v
corpate- Candian foreign Loaannd Staes toal- figures
Grand
Total
Other Farm
*
United
♦These
Refundi g 267,02 361, 50
-1945 —»-?.$
6,9 8,325 ~_ 9~ ,6 5
3,250, 0
2.467950
3, 8150
267,02 364,150
?
Capit l
-
3,810, 0 6,0 ,0
$
New
OFOM NTH
Long-Term Railroads utiles csoteall,, Equipment and industral buildngs, ShipingInvestmn Miscelanous
—
17,0 0 48,10 62
1,301675 I7ioT,obo 13,05 0 35,26 725
Public Iron, Motors Other Land,
Oil
Total
coal,
Short-Tem Railroad—s Puutilbleisc ste l, Equipment Maotnodrs industral —; bLand,iuldngs, Ship ing Investmn Miscelanous Stocks- Puutilbelsic ste l, Equipment Maontodrs
coal,
Iron,
Total
Other
Oil
^
Iron,
Total
other Oil— Land,
9 ,0 0
17,0 0 59,402 7 l7ibT,o
2,59,32 67, 0534
MsiSeRnb— uild gs, ub r hip ng Invetmn iscelanous —
industral
40,36475
Total—
26,0137 8
15,62798
7698,453
industral buildngs, Investmn Miscelan—ou corpate
coal,
Railroads util es ste l, Equipment and
Public Iron, Motors Other ",dnaL Rub er Ship ing
Total
'
1,904 370 37.54,0 18,730.25 23,789034
Total
>
-194
Refundl g 1,2863412 18, 965 109,75.32
2,147 59 1,857.93,0
802,380
Capit l
675,4802 18,67253 71,90593 2.986,54
New
Total
1,245036,90850 4245,807,21139661,50.
50 ,0
421,875
-1942 Refundi g 287,3 6.290 01.0000 7,4028 4 2,692,570
30,5 0 150,689
1,904^370
50 ,0
1,360, 0
$
789,12964800,131567
90, 0 305,460 25,018
t21,035 314,50 425,3842 21,70 0
1,39 7,13
21,0350 309,82 0 263,52975 7,490, 0
480, 684
526, 0 38,0 0 54,69 34 26,0 542
20,5
3,568, 0 18.0 ,.0
—1943 Refundi g 39 .28 , 03 15, 0 32,9 17 3
4,730, 0 162,05367 14,20
4,3219,687 125,6035
597]o6CT,0 604,289 5,0 ,0
Capit l
73.95,0 30,15 420
Capit l
-;
Total
$
1,3970 12,750 38,5340 72,91645 52. 0,
Refundi g 10.75,0 27,5 02 3,58 18 31,250
1,2098 7
$
1944
Capit l
276,89703 2,0 ,0 1 ,30 18 69,20782 21,0 0
New
17,258035 18,67253 21,06 75 60,1865
1,0 ,0
29,10 18,29 0 2,0 ,0 3,0 ,0
$
New
204/71,360 108,37450 2,015,0
'
^
1.20 , 0
17,80 0
90, 0 320,8 0 364,0 79
210954,,1659732
13~72 87
36,84790 ci —i- 60X21,65 15,0 0 'IX— 2X35*20 9,21,875
2, 0 , 0
1,0 ,0
201,780 34,2865 6,10 0 3,40, 0 103.~5 438 50,930 98,0 5,40,0 250, 0 —1- 73,906 7 789,107
i:
1%
■
'
35,14 850 367. ,90 2,0 0 3,0 ,0 309X765 146.50 X~' 95~6oO 2,53,20 28.1 875 •-. 89.4 ,0
*•
•
•
124,6305
4,0 ,0 10,9534 5.9 5.8 0 215,86 24
2,692,570
3,402,84
47,83120 20.95,0 3,4250
*
29,10 15,781 6 2,0 ,0 3,0 ,0 26,13985 124,57 0 2,015,0 :T~9 5~,6 2,53 20 23,7185
3,48196 57,428 95 15,0 0 2,53,20 5,921,875
1,20 , 0
2,11,43758075499
109,250 849,1275 69.40, 0 3.498.0 126X0.74 74,2 0 25,013 0 4,60. 0 62,53086
,
.
14,3675
103,490 235,1870 13,250 15870 ,65 17,0 0 7,21,0 2,05,0 9,73,0
1,0 ,0
37,0 0
520, 0
38,0 0 5,602,40 1,07,54 71,6396 ~ 46X,795 2X60,60 80,76285 103,490 241,78940 14,267 54 26,X2936 17.0 ,0 7,21.0 2,518,795 1,7930
1,793,0
50 ,0 0
15,0 0
15,0 0 3,50,0 3,06 473
40,2560 >1.4•,08 0 *3,250, 0 ?520, 0 49.53,19? 17,0 0 150, 0 "2,05,0 i,~o ~o",6
Total
50 ,0
520, 0
$
Refundi g 63,18 0 20,79 0 10, 0 108,456 03 5,07X6 5
-1948 $
*
36,50473 63,18 0 24,790 10, 0 156, 726 7,0X06 1,793,0
•
*
V-
Capitl
New
468,795
2,50 0 2,102,40 1,07 54 38,61346
2,0 ,0 4,20 412 40,2560 17,0 40 4,267 54 520. 0 10.26 0 17,0 0 150, 0 2.518,795 10, .0
'v
2 0, 0
481,950 46,570 17,90 194,275.0 85,70 2,51 0 1,50,0 78,650
Total
"
■"$
Refundi g 39,0 0 45,13765 10,4 0 90.76,85 43,06714 2,51 0
*
-194
31,465 0
13,145,,2957;4890297
10, 0 750, 0 2,0 ,0
2 0, 0
12,750 9,27982 1,987,50 28,9765 10,3890 45,06^0 9,82X540 16,492508 41,6 985 491, 50 56,34982 19,8750 425,~ "l5 95,83 90 2,51 0 46,50 0 9.~82X540 95,17508
10, 0 750, 0
10,75 0 82,01 30 97,31 5 45,0 0 6,816,375 231, 8 40 409, .0 536,8705 10,4 0 18.07,94 43,067.14 2.51,0 45,0 . 0 38,21975
2 0, 0
Capit l 82, 50 12,54325 7,50.0 103,478215 42,63853 1,50 *56 47,1940 297,8 03
.
-$
New
2,0 ,0
2,0 ,0
-»>
Total
90 ,0
3,8046 2 4,0 0 714,6 ; 157,046.3 25,0 0
'
—1945 Refundi g 3,028 1 37 4 ,0 0 394, 82601 17, 3 04 25,0 0
•
3,5089623
$
>;
90 ,0
Capit l 352,1693 320, 4160 139,8702
$
New
25,60350 571,03 275,930
Total
K
i
$
4,0 0 83,17540 7,916082 2,0 0 472,8 573 96,289452 14,850926 175,~ 8¥627 872,6307 >.
o3X0o!
1,8569,0 1,38 0 190,6 0 361,072 159,0 4,750 35,0 0 10^3820 67,0 3,4056 20 4,0 .0
i
-
Refundig 1,0925 0 1,3784905 186,930 198, 097 129,750 3,14.0 26,509720 4,32,0 32,57 10
4,38192
813,645 26,05 0 328, 4792 5,0 0 1,7243 7
ACHANRDTE
OSUMFARY
4,0 0
4,0 0
$
-1945
71,2630
.
6,4 ,02
237,50
187, 4308 61,4 905
6,50 0 7,41960
New
41,6590
.
1,49.17 1,452,08 21,76250 285,0 265 34,57 4 8,350,926
Capit l 93,10 9,6250 3,670, 0 3,0 ,0 162,40823 29,50 1,461,0 8,490,280 6^50, 0 35,02490 352,1693
*1~.817,339,497.5
2 0. 0
17,26 72 1,987,50 13,6540 10,3890 9,823,540 9,67,13 180,5 14 82, 50 29,75 907 9,48750 237,T4X615 52,71.53 1,50,0 9,82X540 56,875 3 480, 684
1,9*6'551,2,3733268215479- NOGREUFWPI 3,05127
FCORPEIGNAT,
S3EP0T. notes. notes naoteds. governm agencis.&t ,Posein Sbfianutocnleyddisse S3EP0T.Noatens-d ectop.—r,manufctes . manufctrig :1 throaelddticinn.gg,, — Notes- ceotp.r,manufces manufctrig- htroaelddticng., - ecotp.r,manufces— manufctrig ; -_J htorldandg,"entcg,i. etc. manufctres manufctrig hteoraltdcin.g,
•'
2>9680,1454326037,192.
S
201,9-609 15,47 0 139,8 916
132,57 19 2,50 0 21,70450 2,497862 2,50, 0
New
54,50
40 ,0 0
45,138640 19.25,0 3,42,50
1,62745285481463,,0328093
42,7G9105171,93842305,5866736898267SUitnBahNpErMuPdletGooFamlsncwevdhfcv.bordarigkufgmusnic.plytesYFS3ETFNMITUIOASVHSOIRCHPNDOARTERPE.DA
YfFS3ElVMFTNOAMALFPUDR0OIHONGTACRE.VRDEPGMT,
:
18, 1965 97,53195 13,0 157
2, 0 , 0
$
1,8734985
421,875
485,063185 1,20. 0 10,25 84 14, 207
Total
18,59270
150, 0
35,14 850 30,783 0 2,0 ,0 3,0 ,0 249,850 128.30, ;05J,47,5; 18.20 0 .
Refundi g 5,95,80 21,483 0
—1942-
250, 0
310.920 1,92356 0 75,0 0 6,938,0 23,5612 125,70 26,02 0 50, .0 136,X7~82
13,72 87
73,198 12
2,50 0 37,54 0
5, 0 , 0 9 0, 0 7,0 ,0
107,3 517 74,2 0 25,013 0 4,60 0
989,0 0 250, 0
-- 201,78 0 320,8790 6:,10 , 0 3,4 0, 0 42,83 283 50,9 30 5,40 . 0 4279 X165
Total
64653,,27287
••
New
CReafupnitdilg •■ $ 103,75 0 62,40 3 98,0
5, 0 , 0 2.350, 0 7,0 ,0 -— r 204.50 ~,-i—
.
:
Capit l
-194
New
72,39475 2.0,0 107,658.40 16,80462
$
250, 0
305,492.0 1,074390 68,50 6,938,0 150.62,80 125,70 26,0 50, 0 106X .0
v$
'
4,0 ,0 605,31 0 30,16578
1,3580749
:V-
•
Total
4.0 ,0 756,8 942 1,50 , 0
1,85690 1,5 38407 198,5602 25,0 0 834.1963 25,89452 4,75,0 49,850926 10.382,0 243,18627 4,3219687
237,50
1.092,5 0 1,4926730 193,402 386,71405 19, 05 3,14,0 3,09720
4,3 2,0
10,47 3,5089623
v
;
6,05.0
5,12 ,08
siX e? 461,0762 93.10 21,467 24,76250 47.3628 64,09754 1,460 16,841206 13,4157 813,645
>:
%
>
EMNODNTHS bLoaonngn-dtedsrm Short-e—m stock stock Candi- bLoaonngnd-tedsrm Short-em Cosmtockn 'foreig!n— bLoonngd-tesrm Short-em stock. corpate—. Governmt foreign GLooavantdn, ♦Municpal—Stes,Staes toal fdignuoroest MEONNDTHS LBonog-nTedrms ;; utiles sctoeall,,Equipment aacensodri indausntrdl ; bueildtncgs,:'. — Itnrveustsmn,Miscelano—us BShooarnt-Tndedsm utiles sctoeall,,Equipment aacensordi. indausntrdl bueildtncg.s, Itnrveustsmn,Miscelanous utiles. sctoeall,,Equipment '.seirocaand indausntrdl - bueildtncgs, Itnrvuestsmn,Miscelanous - utiles- scctooepaellr,,,Equipment aacesnorid- indausntrdl bueild;tncgs, tIrnuvesstmn, Miscelanous sceocrpuriatte
Pref red Com on
Pref red
-
Pref red Com on
Other
I
*
i
Grand
Total
Can dian Other
Farm
♦Thes
9
United
«
Railroads Public Iron,
Tota_l
Motors Other i Land, Rub er Ship ing
Oil
Total
Total
Railroads
Public Iron, Motors Other Land, Rub er Ship ing
Oil
Public Iron, Motors Other Land, Rub er Ship ing
Oil
Total—> Railroads
Public Iron, Motors Other - L&nd, Rub er
Oil
Ship ing
£■'
6
Total
Volume
162
„
nnftAA
ot,uuo,ooo
•
Number 4433
(Continued from
„
Southv.umu.ui
due
Jan.
yield
Pacific
'
1
-
.
Price,
maturity.
Oflered
by same syn¬
$25,000,000 27/a% bonds (see above).
E.
and
Aub
;
-
Co.,
11
'
.Mather
Lynch,
Co., E. W. & R.
Minsch, Monell 6s
C.
M.
Newton
O'Gara
6s
6s
Co.,
Otis &
Co.,
|'.,1
•
F.
weather
■fy-
^
_
L.
&
a:V,
.
1
•
■
Co.,
Smith,
Brothers
Scranton
Moore
&
Co.,
-
F.
&
J.
Wright; 6s
Co.,
Wurts,
Waggoner and F. S.
Yantis
Dulles
&
6s Co.,
Co., Inc.
Co.,
Moreland,
Mullaney,
Ross
&
Co.,
Co., Nashville Securities Co., W. H.
Co., Newburger & Hano,
Newburger,
Co.,
Newton
O'Neal,
Northwest
Copeland
Rice
Co.,
&
Alfred
Co.,
Alden
&
Co.,
O'Gara
Inc.,
&
Otis
&
Park-Shaughnessy & Co.,
Securities
&
1,500,000 Solar Manufacturing Co. 5%
tures,
due
1960.
equipment,
),K"V
>
„
p
and
Purpose,
15-year sinking
refunding
working capital,
interest.
Offered by Van
" p' 6s Sherrerd, Cohu & Torrey,
/ •& sons, Hemphill, Noyes &
fund deben¬
($90,000),
purchase
($1,410,000).
etc.
Price, 100
Alstyne, Noel 6s Co., Butcher
Courts & Co., A. G. Edwards
Co., Hill, Richards & Co.,
& Co., Newburger & Hano, Schoellkopf,
Pomeroy, Inc., Doolittle, Schoellkopf & Co., Nelson, Browning 6s Co., J. C. Bradford & Co., E. W. Clucas &
Co-» Jenks, Kirkland & Co., McAlister, Smith & Pate,
Inc-» Mead, Irvine & Co. and Taussig, Day & Co., Inc.
Johnston, Lemon
Hutton
: '
:
'
;
&
$18,300,000
'■
LAND,
A.
Co.,
"
BUILDINGS,
'
■
-
ETC.
*$750,000 Lane
,
Co.,
Realty Co. 4 % installment note due Aug. 1,
Purpose,
purchase of
real
estate
improvements.
.
1965.
Sold
privately to Equitable Life Assurance Society of the U. S.
Patter-
&
450,000 Sisters
of
Mercy,
Cedar
Rapids,
Iowa.
1st
and
refunding
mortgage >(l>/2-3%)
serial < bonds,
due
serially Jan.! 1,
1946-July 1,
1960. ; Purpose,
refunding
($99,000),
con¬
struction ($351,000).
Price, 100-101 and interest. Offered
'Vby B. C. Ziegler & Co. ;i:
V
f
'
;
and
Co., Riter & Cp.*' The Robinson-Humphrey
Hartley Rogers & Co., E. H. Rollins & Sons, Inc.,
F. Rothschild & Co., Russ &
Company, Salomon Bros.
Hutzler, Schoellkopf, Hutton & Pomeroy, Inc., Scott,
v
Morrdw
&
Wertheim
mins,
,<
Alfred
Harold
H.
Weeden
Co.,
$1,200,000
*
'■
f- '
'f
J?. "»•
A
:
Ji
.
9"
j
-r■.
>-
■
'■ *'.V-
.
MISCELLANEOUS
*$3,250,000 Colonial
'April
C.
&
•JkPJP
vertible
erty,
Wainwright & Co., Watkins,
Co.,« Inc.,' Weil
&
Arnold,
Water Co.,
&
Inc,
:r
1965.;
.
15-year
3%%
con¬
1960.
Purpose,
operating prop¬
White,
Mellon
Weeks, Cohu & Torrey,
O'Brian, Mitchell & Co., Paine, Webber, Jackson 6s Curtis,
Kebbon, McCormick & Co., Stroud & Co., Inc., Courts 6c
Corp.,
Baer
Purpose,
with
1st mortgage
Corp.
due Sept. 1,
other necessary
and
Hornblower
^ Co., Mackubin, Legg & Co.
Fuller
&
Co.
&
Life
&
and Kay, Richards & Co.
20-year
modernization of
Metropolitan
Sachs
3%
sinking fund loan.
etc.
Placed privately
building,
Insurance Co.
'■
4-V :
Co.
through
Goldman,
s/AA'ii'-ivS
■
$15,500,000
3,560,000 Memphis Streeii By< ist mtge. 4 % serial bonds, dub 1946- .i
.
Airlines
debentures,
aircraft
Price, par and interest.
Offered by
Co.,
Carl
M.
Loeb,
Rhoades
&
Co.,
&
*2,250,000 Stix,
bonds, 3'/8%
series due 1970.
Purpose, acquisition of properties.
Price,
102,187 «nd interest.
Offered by The First»Boston Corn., i
>;
etc.
Weld
Securities
"Dulles & Co., P, 8. yintid>& Co.V Inc. and. Yarnall & Co,
6,000,000 Indiana Gas
3%' sinking fund
debentures, du®
refunding
($2,446,950), working
Price, 99 and interest.
Sold privately.
Central
income
purchase of
Co., Westheimer and Co., Wheelock 6s CumHerbert B. White, White, Hattier 6b Sanford,
George H.
Willis & Co.,
Wood &
Co., Woodard-Elwood & Co., Wurts,
Inc.
1963.Purpose,
10,000,000 Pennsylvania
White-Phillipsiv Co.,; Inc.,
E.
Stores,
1,
capital ($803,050).
v
&
Inc.,
The
Purpose,
refunding.
Price, 100-104.34 according to
Offered by Equitable Securities Corp., A. C.
Co., Inc., E. H. Rollins & Sons, Inc., The Robin¬
STOCKS
maturity.
Allyn
6s
son-Humphrey
Co.,
Stark¬
Wyatt,
&
E.
Co.,
Ohio
Hano,
Co.,
Sterne, Agee
&
H.
Stringfellow, Seasongood &
Mayer, Sheridan, Bogan Co., Robert Showers, I. M. Simon
tn
Co., Starkweather 6s Co.f Sterne, Agee & Leach, Stifel,
Nicolaus & Co., Inc., Stix & Co., Walter Stokes &
Co.,
Stroud & Co., Inc.,
Suplee, Yeatman & Co., Inc., Thomas
6s Co., E. W. Thomas and
Co., Townsend, Dabney & Tyson,
&
&
;
Co.,
syjfy, Wachob-Bender Corp.,
.,
'
.
i
r,
,
,.-4
&
(Preferred
Stifel, Nicolaus & Co., Inc., Leftwich
White, Hattier 6s Sanford, Julien Collins & Co.,
Rauscher, Pierce & Co., Inc., Gordon Meeks 6s Co., Kings¬
computed
I t*
.
<
••J
•
.
series
vi
Neal
•
...
I
.
:
due
interest.
1975.;
(Offered
of
stated
a
no
'
' / /
'
value
par
are
taken
value and alL classes
par
their offering
at
prices.)
at
of
y..
while
par,
pre-
stock
-common
are
.
PUBLIC UTILITIES
$3,250,000 Central Electric & Gas Co. 65,000 shares of 4.75% cumtl^
lative preferred stock series A
(par $50). * Purpose, re;:
.-v;:. funding.
Price, $53 per share and dividend.
Offered in
26,000,000 'Minnesota Pewer A
;;;
stocks
J ' ferred stocks of
Co.,
and Ross,
bury and Alvis, Weil & Arnold, The First Cleveland Corp.,
Mason-Hagan, Inc. and Thomas, Brushe & Co.
wright & Co., Webster 6s Gibson, Weil & Arnold, Welsh,
Davis
Co.; Wertheim At Co,/ Wheelock & Cummins,
Inc., White, Hattier 6s Sanford, The White-Phillips Co.,
Inc.; Harold E; Wood & Co., ■ Woodard-Elwood & Co.,
In' "V,
■
Stern
&
Inc.,
W.
Bruce
sinking fund debentures, du«
working capital, .etc.
Paul H. Davis & Co.,
expansion,
Oflered by
Corp., A. C. Allyn & Co., Inc., Baker,
Dillon, Read & Co., Inc., Goldman,
Co.,
Harriman Ripley &
Co., Hornblower 6a
Weeks, Kidder, Peabody & Co., Kuhn, Loeb & Co., Leh¬
man
Brothers, Mellon Securities Corp., Merrill Lynch,
Pierce, Fenner & Bcane and Watling, Lerchen & Co.
Horner & Mason, Inc., Scott &
:--
Leach. Stifel, Nicolaus & Co., Incv Stix & Co., Sutro
& Co., Thomas H. Temple Co., Thomas As Co., Townsend,* Dabney & Tyson, Spencer Trask & Co., -Vietor,
Common, Dann & Co., Wachob-Bender Corp., H. C. Wain-
•'
it-
Co.,
Chas.
Heller,
Co.,
Purpose,
Co..
Schoellkopf, Hutton & Pomeroy, Inc., Schwabacher 6s Co.,
Inc.,
Union
Sachs
Kendall, Inc., Paul & Co., Inc., Perrin,
West 6s Winslow, Inc., Peters, Writer &
Christensen, Inc.,
Phelps, Fenn & Co., Phillips; Schmertz & Co., Wm. E.
Pollock 6s Co., Inc., F. L. Putnam &
Co., Inc., Quail &
Co./ The Randon-Davidson Co., Inc., Rauscher, Pierce
6s Co., Inc., Reinholdt & Gardner Reynolds 6s
Co., Daniel
>
holdt ^ Gardner,*Daniel P. Rise & Co., E. H, Rollins
&
Sons,; Inc., L. F. Rothschild 6s Co., Schmidt, Poole & Co.,
Mason,
Favre
M.
son,
Peters, Writer & Christensen, Inc., Phillips, Schmertz 6s Co.,
Wm. E. Pollock & Co., Inc.,
Prescott, Wright, Snider Co.,
R- W. Pressprich ^&
Coi; Putnam &Co„TheRansonDavidson- Co., Inc.,- Rauscher, Pierce &
Co., Inc., Rein*
Scott, Horner &
Sills, Minton &
&
1960.
101 and interest.
Weeks Ss Harden,
.
m
McMaster
&
The
CO., Pacific Northwest Co., ParkPatterson, Copeland 6s Kendall, Inc.,
Shaughnessy & Co.,
J.
&
1,
Price,
>
'•
A. E. Masten & Co., Morris Mather
Hutchinson & Co., Wm. J. Mericka &
& R. C. Miller & Co., Moore, Leonard 6s
Co.,
Pacific
&
Omaha, Newburger &
Norris & Hirshberg, Inc.,
Stone
Co.,
Hutton
Newbold's' 8on
&
of
&
E. F.
Loeb'&
Co.,
Inc., Merrill
Metropolitan St. Louis
Co., The Milwaukee Co.,
Moore, Leonard & Lynch, Mosle
Ross & Co., Nashville Securities
Co.,
Moreland, Mullaney,
Co., The National Co.
Hayden,
Richards
Co.,
Murphey,
"
Beane,
Miller
6s
E.
Mericka
Sept.
'
,
Hannahs, Ballin 6s Lee, Harley, Haydon
V Co., Inc., E. W.
Lynch,
Mosle
and
n;..;.
&
Co., Wm.., J.
Pierce, - Penner. 6c
6,000,000 Houdaille-Hershey Corp. 3%
Mason, Moran & Co.,
&
Co.,
&
Co.,
6s ;Meeds, Carl M.
Loeb, Rhoades & Co., Loewi
Co., Ma.ckall & Coe, Donald MacKinnon & Co., Martin,
Burns 6s Cdrbett, Inc., Marx &
Co., Mason-Hagan, Inc.,
Inc., Heller; Bruce & Co., Hill &
Co., Hill Richards 6s Co., Hirsch
.6s
Co., Investment Corp. of Norfolk, Janney & Co., Johnsoli, Lane, Space & Co., Inc., Edward D. Jones &
Co.,
Kalman & Co., Inc., Kcan, Taylor 6s
Co., Thomas Kemp
& Co.,
A. M. Kidder & Co., Kinsley & Adams,
Laird,
Bissell & Meeds, W. C.
Langley & Co., Leedy, Wheeler
& Co:, Loewi & Co.,
Martin, Burns & Corbett, Inc., Marx
6c Co., Mason-Hagan,
Inc.* Mason, Moran & Co., Morris
.
&
&
Corp., The First Trust Co. of Lincoln,
Foster 6s Marshall, Graham, Parsons & Co.,
Green, Ellis & Anderson, Greenman & Cook, Inc.,
Gregory
Son, Inc., J. B. Hanauer & Co., Harley, Hayden &
Co.,
Inc., Harris, Hall 6s Co. (Inc.
Carter H. Harrison & Co.,
Hill
Chapman
Bissell
Co.,
6s
&
Farwell,
Hllsman & Co., Inc., Hirsch
Indianapolis Bond and Share
Corp;, Investment Corp. of Norfolk, Johnson, Lane, Space
and Co., Inc., Johnston, Lemon &
Co., Edward D. Jones
6s Co., Kean, Taylor 6s Co., Thomas
Kemp & Co., Laird,
&
Nebraska,
Hawkins
Inc.,
Hill
Co.,
Kenneth B.
Inc.,
Co., Inc., Wm. P. Harper & Son & Co., Carter H.
Harrison & Co., Ira Haupt & Co., Robert Hawkins &
The First Cleveland
Co.,
Co.,
&
-
S.
Inc., Boettcher and Co., Bosworth, Chanute, Loughridge & Co., Burr &
Co., Inc.,
Prank
B.
Cahn &
Co., Caldwell Phillips Co., John B.
Carroll & Co., C. P. Cassell & Co., Central National Corp.,
City Securities Corp., Richard W. Clarke Corp.,
Clayton
Securities Corp., Coffin &
Burr, Inc., C. C. Collings &
Co., Inc., Cooley & Co., Courts & Co.,
Davenport & Co.,
Davis, Skaggs & Co., R. L. Day & Co., Dempsey &
Co.,
R. S. Dickson &
Co., Inc., Doolittle, Schoellkopf & Co.,
John M. Douglas, R. J.
Edwards, Inc., Clement A. Evans
&
Co., Inc., Farwell, Chapman & Co., Ferris, Exnicios
and Co., Inc., Field, Richards 6s
Co., First California Co.,
Robert
&
Co.,
Hanauer & Co.,
"v;'
7
6s
Co., Blair &
Evans
Co., Inc., Field, Richards 6s Co., First
Inc., The First Cleveland Corp., Fitzgerald
& Co., Foster & Marshall,
Graham, Parsons & Co., Granbery, Marache & Lord, Greenman & Cook, Inc., Gregory
& Son, Inc., Grubbs, Scott & Co.,
Hallgarten & Co., J.
to
the
A.
2057*
Exnicios &
California
Bleichroeder, Inc., Atwill and Com¬
Co., Auchincloss, Parker & Redpath,
BaKer, Weeks & Harden, Ballou, Adams 6s
Co., Inc., The
Bankers Bond Co.*
Inc., Barrow, Leary & Co., Inc., Jack
M. Bass &
Co., Baum, Bernheimer Co., Bear, Stearns &
Co., Biddle,
Whelen &
Co.,
Bingham, Sheldon 6s
A.
-Bioren &
■v
refunding.
Ferris,
series C,
$99% to
RR.
Arnhold
pany,
-
bonds,
mintage
a—
Purpose,
3.76%
offered
as
Clement
page 2054)
o-/«Ve
1996.
refunding mortgage 3 % bonds, series
B, due Oct. 1, 1990.
Purpose, refunding.
Price, 104 and
interest.
Offered by Halsey, Stuart &
Co., Inc., AllisonWilliams Co., Ames, Emerich 6s
Co., Inc., Geo. G. Applegate,
■
1,
about
dicate
81,602,000 Union
v.
THE COMMERCIAL & FINANCIAL CHRONICLE
Light Co. lst mortgage bonds 3Vs%
Purpose, refunding.
Price, 102.46 and
by Mellon . Securities Corp,, Almstedt
;-L.
\
iBrothers, Geo. G. Applegate, Auchincloss, Parker & RedBaker, Watts & Co., Bear, Stearns & Co., Geo.
> D. B.
bonbright 6s Co.,- Alex. ; Brown '& Sons, Chace,
i
.t
I
offered
:
;.
,v,.,h
^Whiteside & Warren, Inc., C. C. Collings & Co., Inc.,
"^.Cooley & Co.. Dominick & Dominick, Drexel & Co., Esta-
'.exchange tp holders of 6% preferred, unexchanged - shares
...
.
i
.
by Paine, Webber,. Jackson 6s Curtis, Loewi 6c
Co., Lee Higginson Corp., Central Republic Co., A. C.
Allyn & Co.,. Hornblower 6s Weeks, The Milwaukee Co.,
G. H. Walker 6c Co.,, Edward. D.- Jones 6c; Co. and -Brush;
-
Slocumb
Co.
&
:^Sb'
'■'.■■■
-
6,000,000 Wheeling is Lake Erie RR.- general and refunding' mortgage
2%%
bonds series
ing.;: Price,
by
Mellon
Boston
A
98.70
due
Sept. 1,
1992.'
-vbrook 6s Co.,
.
Purpose, refund¬
and interest to yield 2.80%;
Offered
Corp., Blyth 6s Co., Inc., The First
Kidder, Peabody 6s Co.
and
..
Merrill, Turben
;
UTILITIES
,
$160,000,000 American Telephone £ Telegraph Co. 30-year 2%% de-<
bentures, due Oct. 1,' 1975.
Purpose, refunding.
Price, '
■
•
and
interest.
Offered
by
Morgan
Stanley
&
.
v.
&
Barney
6s
6s
Co., ■ William' R.
Staats Co.,
Stlllman,
Maynard
Co., Webster and Blodget, Inc., Stroud 6s Co., Inc.,
Sullivan 6s Co., Trubee; Collins & Co., Union Securities'
Corp., Vietor, Common, Dann & Co., G. H. Walker & Co.,
Webster & Gibson, Weeden 6c Co., Inc., White, Weld &
Co., Whiting, Weeks 6s Stubbs, The Wisconsin Co., Dean
Witter 6s Co., Wood, Gundy 6s Co., Inc. and Woodard-
Stone is
...
.
&
Starkweather
Co.,
&
Co.
Indiana,
of
1st
Inc.
3J/8%, due Sept. 1, 1975.
and interest.' Offered
ridge
6s
6s
Co.,
Co.,
.
Whipple
Co.,
&
& Co.,
Blair &
Securities
Corp.,
Coffin
Burr,
&
Inc.,
Julien
Collins ;
L. Day & Co.,
construction
f,
'
*i '■
a;' '
/'
a
.V-
:
"V,
r
-
Co.,
The
thony
&
Brothers
Milwaukee Co., Julien Collins &
Co.,
The Ranson-Davidson Co.,
&
Beecroft, Cole & Co.
,
,
Borougl|. Gas- Co. 1st mortgage bonds, 3145^
series due
1970.
Purpose, refunding.
Price, 102.19 and
interest.-Offered by Mellon Securities Corp.
.113,825,000 Consumers
due
1975.
Offered
Co.,
G.
Power;'Co.
Purpose,
by
Halsey,
Almstedt
Applegate,
Auchincloss,
Baker,
;<;
^
Bond
Stuart
Atwill
Parker
Watts
mortgage
&
Brothers, Ames,
Arnhold and S.
Jones 6s Co.,
son,
1st
refunding.
&
&
Co.,
bonds
2%%
series.
Price, 102.37 and interest.
Co., Inc., Allison-Williams
Emerich & Co., Inc., Geo.
Bleichroeder,
Atkin-
Inc.,
and Company*. A. E. Aub &
Redpath, Bason, Whipple &
^
\
Ball,
Burge
&
Kraus,
The
T-if:6s
Boettcher
and
Company,
Bosworth,
1,' 1955.
H.
Bankers
Coburn
Collins
;
&;
6s
6s
L.
:
Middiebrook, C. C. Collings 6s Co., Inc.,
Co., Courts & Co., Cruttenden & Co.,
Julien
S. K.
Dick & Merle-Simth, R.
S. Dickson & Co., Inc., Dittmar & Co., Doolittle, Schoell¬
kopf & Co., John M. Douglas, Francis I. du Pont & Co.,
Day
6s
Co.,
Dempsey
6s
Con
Co.,
6s
Co.,
Paine,
and
A.
of
and
offered
by
Stone &
M.
Week»,
6s
Marks
&
Co.,
The
Webber, Jackson & Curtis,
Securities Corp.
Milwaukee
Stein
funding
working
New
Georgia
Dairies,
due
Inc.
over
a
($750,000
period
of
3%,
15
Bros.
&
and
Mutual
Florida
Life
National
shares of. 5% cumulative
general corporate
and
purposes.
*
••,
dividend.
Offered in exchange toi
preferred stock, unexchanged
adidtional shares
underwritten
and
and
cumulative
50,000
Paine,
Webber,
Jackson
6s
Curtis,
Hayden,
& Seal Co., Inc. 86,270 shares of
par).
Purpose,
erection of
plants,
(no
capital.
,
,
Estabrook
Cork
3,794,560 Crown
common
working
Price, $44 per share.
Offered for subscription tar
stockholders,
unsubscribed
shares
offered
by
Webber,
Noyes
Jackson
&
Co.,
&
W.
Curtis, Hayden, Stone & Co.,
C. Langeley & Co., Lehman
Brothers, Estabrook & Co., Hallgarten & Co., Hornblower
* & Weeks, Stone & Webster and Blodget, Inc., White, Weld
&
Co., Mackubin, Legg & Co., Stein Bros. & Boyce,
Jones
&
6s
Co.,
Stifel,
Co., Inc., Baker, Watts & Co., Edward D.
Kebbon, McCormick & Co., Putnam & Co.,
Whiting, Weeks 6s Stubb, Hayden, Miller & Co., Mitchum,
Tully & Co., Courts & Co. and W. L. Lyons 6s Co.
960 150
Offered
Co.
Creamery
Fairmont
Purpose,
Co.,
Boyce
preferred
Offered
dividend.
Corp.•
*250,000 Foremost
stock
.;
38,406
shares
of
common
stock.
acquisition and expansion.
Price, $25 per share.
common stockholders for subscription.
to
Company,
&
Leonard
6s Co., Hallgarten 6s Co.,
Hornblower & Weeks, Stone & Webster and Blodget, Inc.,
White, Weld & Co., Mackubin, Legg & Co., Stein Bros.
? & Boyce, Stifel, Nicolaus & Co., Inc., Baker, Watts 6c
Co., Edward D. Jones 6c Co., Kebbon, McCormick 6s Co.,
Putnam & Co., Whiting, Weeks & Stubbs, Hayden, Miller
& Co,, Mitchum, Tully & Co., Courts & Co. and W.
L.
^WV/'Lyons 6c Co. *
' '
Z•
]•
■
■
(par
Dairies,
$50).
Inc.
50,000 shares of 5% preferred
acquisition of constituent com¬
Purpose,
„
4%)
de¬
Purpose,
re¬
$1,250,000
years.
pany.
*700 000
Insurance
Co.,
Trust
Co.
2 000 000
'
40,000 shares of $2.20
$50).
Purpose, working
Froedert Grain & Malting Co., Inc.,
cumulative
*3,500,000 Froedert
privately with Mutual Life Insurance Co. of New York.
Dairies, Inc. 50.000 shares of common stock
cents). - Purpose, acquisition of constituent com¬
Price
(approximately)
$14 per share.
Placed
privately by Allen & Co.
v
20
pany.
of
Bank.
Grain & Milling Co., Inc.. 20-year 3% sinking
fund notes,
due Aug. 1, 1965.
Purpose, refunding ($3,482,5001, working capital t$17,500».
r-nce,
Placed
Placed privately by Allen 6s Co.
Foremost
(par
($600,000), acquisition of constitutent company,
capital ($1,400,000).
Price, Par.
Sold privately
England
$2.25
Brothers,
Nicolaus
McCormick
Kebbon,
6s Co.,
Co., Hemphill, Noyes 6s Co., W. C. Langley & Co.,
Lehman
Co.
Allyn- & Co., Inc., Ames, Emerich
Republic Co.
(Inc.), Julien Collins
Central
share
per
Hemphill,
C.
stock#
Sachs
Moore,
Purpose,
share
Securities
shares
stock
Union
bentures
to
Co.,
Inc.,
*2,000,000 Foremost
-
&
Hornblower
Laurence
Chanute,
Cunningham & Co., Inc., Curtiss, House 6s Co., J. M. Dain
6s Co., Dallas Union Trust Co., Davis, Skaggs & Co., R.
Davis
100,000
$20).
Union
$47.50
15-year 3 !A% debentures due 1960.
Purpose,
($2,825,825), general corporate purposes f$2,Price,
102'/a
and
interest.
Offered by Paul,
refunding
174,175).
Co.,
Goldman,
Harriman Ripley
per
holders
-
•
bonds, due July"
Price, 100 and inter¬
&
preferred
Seal Co., Inc., 275,000 shares of $2 cumu¬
preferred stock (no par).
Purpose, refunding <$10,531,250), construction and expansion ($2,531,250).
Price,
5,000,000 Celotex Corp.
Caldwell, Phillips Co., John B. Carroll 6s Co., C. F. Cassell
Co., City Securities Corp., Clayton Securities Corp.,
,
Purpose, working capital.
by Warren W. York
4%
lative
MANUFACTURING
Offered
est.
&
v
&
outstanding
13,062,500 Crown Cork &
$300,000 Blossom Products Corp. 1st mortgage 4'/2%
Co.,
Co.,
and
.
Paine,
INDUSTRIAL
Corp.,
Corp.
$2o
common
OTHER
Co.,
Loughbridge & Co., J. C. Bradford & Co., Braun, Monroe
and Co., Brooke, Stokes & Co., Burr & Co., Inc., Butcher
6s Sherrerd, H. H. Butterfield & Co., Frank B. Cahn & Co.,
i
.
of
by Paul H.
Davis & Co.,
A. C. Allyn & Co., Inc., Ames, Emerich &
Co., Inc., Central Republic Co. (Inc.), Julien Collins &
Co., Hornblower 6s Weeks, Kebbon, McCormick 6s Co.,
Laurence
M.
Marks & Co., The Milwaukee Company,
Paine,- Webber, Jackson 6s Curtis, Stein Bros. & Boyce
<
'
($11,296,986).
Offered, 108,528
dividend.
to common stockholders and 52,994
Lehman- Brothers,
(par
Price,
$367,165,000
Inc., Barrow, Leary 6s Co., Baum, Bernheimep
Co., Bear, Stearns & Co., A. G. Becker 6s Co., Inc., Bioren
_
stock
'
,
-
Co.,
Inc.
'
■■■'Z
\
exchange
Boston
Co.,
2,000,000 Celotex
4
,
.
in
plus
share
& Co., Graham,
Inc., Kuhn, Loeb
6s
Lynch,
Morgan Stanley & Co., Reynolds & Co., Singer, Deane
&
Scribner, Stone & Webster and Blodget, Inc., Stroud
6s Co., Inc. and Union Securities Corp.
*
6s
.
and
plants, working capital, etc.
per
{* :Parsons 6s Co.,
'
,
6,200,000 Western Light & Telephone Co., Iqe„ 1st mortgage, bonds,
series A 3% due July 1, 1975.
Purpose, refunding.
Price,
101.95 and interest.
Offered by Harris, Hall & Co. (Inc.),
Lehman
Brothers,
Central
Republic Co., Inc., Stone &
v.
Webster and Blodget, Inc., A. Q. Becker & Co., Inc.,
Hornblower & Weeks, Shields & Company, Tucker, An-;
Stern
MANUFACTURING
&
and unexchanged shares offered by Smith,
Barney & Co., Kidder, Peabody & Co., Mellon Securities
Corp., Blyth & Co., Inc., E. W. Clark 6s Co., Dillon, Read
& Co., Inc., Drexel & Co., Eastman, Dillon & Co., Thai
/- First
.
Co., Cooley & Co., Cruttenden 6s Co., R.
8s Co., Dick & Merle-Smith, Equitable Securities
Estabrook 6s Co., Farwell, Chapman & Co., First
Inc;
Allen
.unsubscribed
f
(1
;
of
;
'.v,;
-r,-;.
sons
M
of
$102.75
shares
y'Z
Dempsey
,
and
share.
■
OTHER
shares for subscription
Corp.,
Michigan Corp., Glore, Forgan & Co., Graham, Par-& Co., Green, Ellis 6s Anderson, Gregory & Son, Inc.,
Hallgarten & Co., Harris, Hall & Co. (Inc.), Carter H.
Harrison 6s Co., Ira Haupt & Co., Hemphill, Noyes & Co.,
Hornblower 6s Weeks, The Illinois Company, Indianapolis
Bond and Share Corp., Kebbon, McCormick & Co., W. C.
Langley & Co., Lazard Freres & Co., Lee Higginson Corp.,
Lehman Brothers, Mason, Moran
& Co., The Milwaukee
Co., Mullaney, Ross & Co., E. M. Newton & Co., Alfred
O.Gara & Co., The Ohio Co., Otis & Co., Paine, Webber,
Jackson 6s Curtis, Patterson, Copeland & Kendall, Inc.,
Phelps, Fenn & Co., Quail & Co., Reinholdt & Gardner,
Schwabacher 6c Co., Shields & Company,' Sills, Minton
& Co., Inc., Stifel, Nicolaus 6c Co., Inc., Swiss American
Corp., Thomas 6c Co., Tucker, Anthony 6c Co., Wheelock
6s Cummins, Ins., Whiting, Weeks 6s Stubbs, Dean Witter
& Co., Woodard-Elwood & Co. and F. S. Yantis & Co.,
/
per
Cork Co. 161,522 shares of $3.75 cumulative)
preferred stock (no par).' Purpose, refunding ($5,299,400),
Purpose, refunding.
by Halsey, Stuart &
A. E. Aub & Co.,
& Redpath,- Bacon,
Harden, Bear, Stearns
&
stock
equipment,
$16,596,386 Armstrong
•
3,640,000 Brooklyn
fk
.
.
bonds,
William Blair & Co., Bosworth, Chanute, Lough¬
Co., Alex. Brown 6s Sons, Central Republic Co.,
common
INDUSTRIAL
offered
Inc.,
Parker
Weeks
6s
City
Emerich
Ames,
mortgage
of
Co.
Boyce, Stroud & Co., Inc.; Spencer Trask
Securities Corp.,
G.
H.
Walker & Co.,
Dean Witter & Co. and Wurts, Dulles
102.46
Inc.,
Baker,
Elwood 6s Co.
■
tc.
Price,
Auchincloss,
Marks
W. Scranton & Co., Shuman, Agnew & Co., Smith,
•
Scranton
shares
purchase of machinery,
corporate purposes, etc.
Price, $10
by Otis & Co.,. First California Co.
general
Co.,
Service
Co., Inc.,
McLeod,
'
&
&
F,
Co.,
&
Co., Mackubin, Legg & Co., Laurence
& Co., Mason-Hagan, Inc., A. E. Masten &
Co.,
Young, Weir, Inc., Wm. J. Mericka & Co., Inc.,
Merrill, Turben & Co., Miller & George, F. 8. Moseley &
Co., Maynard H. Murch & Co., Neuhaus & Co., PaineRice
&
Co., Paine, Webber, Jackson & Curtis, Parrish
6s Co.,
Perrin, West & Winslow, Inc., R. W. Pressprich
6s Co., Reinholdt 6s Gardner, Scott &
Stringfellow, Chas.
M.
W.
Union
Price,
Co.; Kingsbury & Alvis, Kinsley & Adams, Kirk-
Mac&oll, Fraser
Bros.
series
Billiard & Son, Hornblower & Weeks, E. F. Hutton 6s Co.,
W, E. Hutton 6s Co., The Illinois Co., Johnson,
Lane,
Space & Co., Inc., Johnston, Lemon & Co., Joseph 6s Co.,
Inc., Kalman & Co., Inc., Kidder, Peabody 6s Co., A. M.
•
6s Co., Maynard H.' Murch: 6s Co., The
Fenn 6s Co., Putnam & Co., F. L. PutReynolds & Co., Salomon Bros.
&
.
1,700,000
.
t.
Inc.,
Chas.
Co.,
48,000,000 Public
patrick-Pettis Co., Kuhn, Loeb & Co., Laird & Co., Lazard
Freres
6s
Co., Lee Hlgginsob Corp., Lehman Brothers,
;
ACCESSORIES;
-
.>.*■:
& Co.
Allison-Williams Co., A. C, Allyn 6c Co., Inc., Almstedt
Brothers, A. E. Ames & Co., Inc., Bache & Co., Bateman,
Eichler & Co., A. G. Becker 6s
Co,, Inc., Blyth 6s Co., Inc.,
George D. B. Bonbright & Co., Alex. Brown & Sons,
Brown; Lisle & Marshall, JBuckley Brothers, Butcher At«
Sherrerd, Campbell, McCarty 6c Co., Inc., John B. Car¬
roll & Co.,
Clark, Dodge & Co., Julien Collins & Co.,
Kidder &
AND
MOTORS
$17,000,000 Kaiser-Frazer Corp.
*■
,,* (par $1).," Purpose,
i,ii.
Phelps,
Co.,
Wertheim
First Boston Corp., First California Co., First of Michigan
Corp., First Trust Co. of Lincoln, Neb., Folger, Nolan,
Inc., Goldman, Sachs 6s Co., Goodbody & Co., Hamlin &
Lunt, Harriman Ripley & Co., Inc., Harris, Hall & Co.
(Inc.), Hayden, Miller & Co., Hemphill, Noyes & Co.,
Henry Herrman 6s Co., Hill Richards & Co., J. J. B.
v
&
.Stein
Co.,
R. L.
Day 6s Co., Dewar, Robertson & Pancoast, Dillon, Read &
Co., Inc., Dominion Securities Corp., Drexel & Co., Elkins,
Morris & Co., Estabrook & Co., Fahey, Clark & Co., The
'
Co.,
Hutzler,
,
Grouse, Bennett, Smith 6c Co., Davenport 6s Co.,
y—
Ohio
nam
<
100.25
'
-
.
$271,412,000
PUBLIC
-
.
•
Securities
Corp.
Fahey, Clark & Co,, First of Michigan Corp;,>«..
Goldman, Sachs 6s Co., Hayden, Miller & Co., J. J. B.
Hilliard & Son, W. E. Hutton 6s Co.,
Kay, Richards &
!.:iCo., Kuhn,,Loeb .& Co., Laird, Bissell. & Meeds, Lee Hig-j
gbison Corp., McDonald & Coi, Laurence M. Marks & Co.,
preferred
capital, etc.
by 8chroder,
*
man,
Dillon
stock
(par
Price, $52 per share and dividend.
Offered
Rockefeller & Co., Inc.. Loewi & Co., East& Co, A. G. Becker & Co., Inc., Central
ft
Republic
St
Co.,
Rollins
St
Walker
St
Sons,
Co.
The
and
Wisconsin
:V'?;
*
:
:
v;
r
>
,
E.
Offered
Wood
Co.
St
for
to
subscription
St
&
Herbert W. Schaefer St CO.
-
stock,
•
Davis
H.
*
$26,126,300
$5
St
Sc
./
;
and
capital.
$1
per
class
of
A
share.
for subscription
Offered
stock.
common
'
of
holders
class
holders of class
625,000 Leland
Electric
vertible
C common
10,000,000 Publicker
V;lative
stock
cumulative
5%
of
Industries,
preferred
volume
of
Merrill
Lynch,
The
Sc
Co.,
Noyes
:
-
/
con¬
St
Co.,
Co.,
Corp.,
E.
Marks
M.
Inc.,
Co.,
A.
St
The
Ohio
&
Co.,
&
E.
Mastep
St
Reynolds
Bros.
St
Jenks,
Kirkland
stock
Chlorine
cumulative
Price,
to
$100
of
stock
share
per
holders
(56,018)
Products
preferred
$4.50
offered
Corp.
(no
Offered
stock,
Eberstadt
shares
Purpose,
dividend.
and
preferred
by ,F.
97,000
par).
of
in
&
Wisconsin
St
Sons,
Corp.,
Securities
Weeks,
Co.,
Kebbon,
Starkweather
Ames,
St
exchange
&
Co.,
St
Whiting,
Weeks
Stubbs,
Stix
Electric
&
Bache
Co.,
&
Co.,
Stores
preferred
Corp.
stock
200,000
$100).
(par
shares
of
Purpose,
cumulative
4%
refunding.
il00 per„shar® and dividend. Offered by
Adamex Securities
Price,
Lehman Brothers,
£L "t,lBacon- &
.Whlpp'e & Co., Baker, Weeks
Bear, Stearns
Co.,
>
'
A.
Becker St
G.
-
Co.,
Noyes St
Co.,
Henry
Herman
Loeb
Blyth
St
Co.,
Co., Carl
Hirsch
St
M.
&
Co.,
Kuhn,
Co.,
Loeb,
Rhoades
.
*
Shields
&
&
St
Co.,
«
Co.,
St
Co., Riter
Company, I.
Stem
Bros.
&
St
Co.,
M.
L.
Simon
Boyce,
P.
St
Stone
&
Rothschild
Co.,
Smith,
Webster
Sc
)
fered
Barney
Blod-
and
Swiss American Corp., Union Securities Corp.)
£°'o Watling, Lerchen St Co., Wertheim
White, Weld & Co. and
The
Wisconsin
Co.
.
'rrUneXv,C»anged and 7'522 additional shares of¬
Hemphill,
Noyes &
'
I :i
'
•
.
,
L'lt
.
H
;
v:
19,
•
«?t7w
Williams
St
&
Co.,
Co.,
Co., First Boston
Corp.,
Kid-
& Sons, Graham,
& Co- Stroud & Co., Inc.,
Rollins & Sons, Inc., Van
Bosworth, Chanute,' Loughridge St
McDonald & Co., Riter St Co.,
Inc.,
-
Investment Corp.
•
V.
1,920,150
—
3,429,671
+
18,000
—
824,279
266,034
977,392
23,089,165
•
—
+188,660
+
5,828,076^;
23,481,571
(lncl. guar. sec.)—-.
Total loans and securities
+
261,781
+
5,889,746^
Uncollected Items
:
33,787
58,728
+
—.
Total assets
43,636,401
18
—
—
:—~
Other assets
37,969'."
+
—565,093
1,820,216
—
Bank premises——
+
6,961-
+
118,632
F. R. notes of other
26"^
—
no
v
banks——
banks
Due from foreign
127,682»
>
654
—
2.045
+
1,243*
—284,280
+
5,358,877*3
y.+
\ Liabilities—
.
....
t
24,155,267
30,342.
+
3,521,167
+
50,755
+
1,811,182
294,887
.
+
15,751,223
federal Reserve notes---.
Deposits;
'+
.
.....
Member bank—reserve acct.—
U. 8, Treasurer—gen. acct—.
,964.807
Other
+
+
17,394,972
Total deposits—...,
11,338
Total liabilities——™
,
4,690;
66,115;*
+
1,620,059,
126,267
+
424
+
1,002
—286,119
+
5,268,486
+
43,073,360
|
22.509
+
77,297;
j
279,74?
—
20,205
—394,182-
1,511,783
Other liabs.t lncl. accra. dlvs—
+:.
1,647-
+
384,055
,,
Deferred availability items——
:
Capital Acconnta—
capital paid In
——-—
Surplus (Section 7)—
—
Surplus (Section 13b)
+
12,241
228,153
+
40,056
27,165
+
200
Other capital accounts—.—
135,045
1,737
+
37,894
—284,280
+
+
43,636,401
to deposit &
F. R. note liabilities combined
Commitments to make indus¬
102
+
172,678
acct*._ t
Total liabilities St ca$.
Ratlb of gold
5,358.877 i
res.
—.1 %
43.0
3,551
trial loans.
8.0^?
—
1,250
—
168.
.
of
-?S»; !,
Norfolk,
«'
1945, INCLUSIVE
OCT. 25,
1945 to
'Official
-
1
"
i
$
.297733*
v
"
—u——-i—————
Official—
k
1
.251247*
3.214446
:
———
,
'
dollar-—
'
;
.906328
.
,
-
Mexico,
;
-
.020189
;
;
-
:
•
.909090
-
pound
of South
V
-
,
;
4.005000
i .r.v-V-^V
:
-
v
.562900*,'
.;
; ;
.251247*
3.214113u
.022364
.060602*
.909696
:
.906875/?
.051802*
.
.051802*
.
•
,
,
.205780
/ ;
/ ,/
v
'
.020189
>
.658300*
.562900*
.301215
a
.301215 *
.205780
/
.205780
,609090
.909090
3.227000
;/
•
.020189
>904375
.904375
va
2.227000
4.005000
,
.569800*
4.033750
.
.205780
•'.
.904375
3.227333
.906875-,:
,
.301215
<;/
..909090
.909090
4.033750
-.020189
.301215
.205780
.569800*
.569800*
4.033750.
.020189/
.301215
.909090
'
.569800*
4.033750
.562900*
...
.OfeO0O2*
.906875
.906875
■
4.033906
.658300*
.658300*
;
-
"
>
.909090
.909090
.569800*
/
.251247*-
.022883
.660602*
.051802*
A
r
.297733*
"
-oi
;.906875
.020189
.
25
.
H 3.214113
3.214113,
> , .022883
/.^051802*/v
.051802*
:
$
.297733*
>251247*
v,
;
.
.060602*
•
:
;
/i .251247* V
.3.214113
4.005000
V 3.227333
;
Noncontrolled
"
.022883
.904375 /
v
£;
Oct.
-
Oct. 24
23-/'"
$ :••/
.297733*
•
•
"1
'
1
Africa, pound
.
^903958 '
.
•
297733*'
SL"
York
•
.251247*
dollar—
V
Zealand,
•
.205780
Official—
New
|
.301215
'
;
peso
Newfoundland,
i
.569800* v ;
4.033906
;
v
.909090
.909090
Offlcial__-_--—_——
>"
'Ayvh:'v:
...
•
.,•
J
Colombia, peso
England, pound sterling
Prance, franc___-__
:
India
(British), rupee
$
.297733*
.060602*
,•
Oct.
Oct. 22
Oct. 20
....
.022883
;
.060602*
,.051802*
Danada,
Buying Rate for Cable Transfers In New
Value in United States Money
j 3.214446
.022883
_______
-.
Uruguay, peso—
Controlled-—
St
+
5,757
Total U. S. Govt, securities
Unit
Free_^__,
■Australia,' ^pound———
Belgium, frand—
Brazil, cruzeiro—
Kirchofer & Arnold, Inc., E. H.
Noel
1,840,160
—
common
Oct. 19 '
Argentina, peso—
Union
Alstyne,
n-
,f,.,'rr
Bonds
Noon
Monetary
Country and
P«r«/in!a5 / \rCoA' Hobert Garrett
i!
+
274,660
68,000
+
13.020,462
7,171,161
,
OCT.
™
by
———
Certificates-—
.
67,427
149
,,
—
—
-
17.605
-r-
Foreign Exchange Rates
Co.,
3,000,000 Colonial Stores, Inc. 60,000 shares of cumulative
preferred
stock, 4A series (par $50).
Purpose, refunding <$2,917,768 >
working capital ($82,232).
Price, $50 per share and
dividend.
Offered
<52,478 shares)
in exchange for 5%
1
0. S. Govt, securities:
St
**erri11 Lynch, Pierce, Penner St Beane, F. S. Mose«
tC Northwest Co., Paine, Webber, Jackson
^ip!T' Ja»ray & Hopwood, Reinholdt St Gardner,
Reynolds St
i
389,706
2,700
—
——
-
—
72,972
*
679,478
—
11,449
243,942
—'r—..
Industrial loans
Bills
1,403
17,879,415
—
Discounts and advances
& Harden,
Inc.,
B^adford & Co., Clayton Securities Corp.,
t'
Co L The First Boston Corp., Polger,
Nolan^ Inc-< Goldman, Sachs St Co., Graham, Parsons &
£»' Ball«art0en & Co., Harriman Ripley & Co., Inc., Hemp¬
hill,
?°J£ & Co ? Weeks, Kidder, Peabody
i°T?r Lazard Freres &
'
Total reserves
Other cash
St Co., Mosie;
.
•
213,022
rfequireftients of Sectioil 622 ol the Ta riff Act of i930V t)he Federal Reserve Baiik is now cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world.
We give below a record for the week just passed;
,
,
• ,
,
.
- r
FOREIGN EXCHANGE RATES CERTIFIED BY FEDERAL RES
ERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
Corp., A. C. Allyn and Co., Inc., Bache
i:<
905
1944
1945
hand and
on
to the
MISCELLANEOUS
*.
of
759,850
Burge & Kraus, Bateman, <
St Co., Bosworth. Chanute,;
Ball,
Stearns
Bear,
Co.; The; Milwaukee Co., Mitchell; Hutchins;
&
$81,438,752
'■*
shares
fund—F. R. notes_
certificates
Bedemptlon
i
Price, $40 per share.
Offered by Dillon,
Inc., Allison-Williams Co., A. C. Allyn and
Co.,
&
700,000
Co.
17,128,565
892,500
$25).
Co., Boettcher
and
Co., Erush, Slocumb St Co., Davis,
Skaggs St Co., William Blair St Co. and E. W. Clark & Co.
$20,000,000 Allied
due from U. S. Treasury-—-.
Crut-
& Co., Lee Higginson Corp., Loewi & Co., Mackall St Coe,
Mackubin, Legg St Co., Laurence M. Marks St Co., McCourtney-Breckenridge & Co., Mead, Irvine St Co., Merrill
Lynch, Pierce, Fenner St Beane, Metropolitan St. Louis
Co.,
Inc., Alex.
St
Co., Equitable
&
Inc.,
CO., Hemphill, Noyes & Co., Hirsch St Co., E. F. Huttoir
& Co.,
Investment Corp. of Norfolk, Johnston, Lemon St
CO., Edward D. Jones & Co., Joseph St Co., Inc., Kay, i
Richards & Co., Kebbon,
McCormick & Co., Ladenburg,
Thalmann St Co., Laird, Bissell St Meeds, W. C. Langley
Hornblower St
Schwabacher & Co.,
Co.,
Co.,
&
or
Since
Oct. 25,
500
Assets—
St
shares
Laurence M. Marks
Spencer Trask St Co.,
McCormlck
Emerich
Ames,
(—)
Oct. 17,
3old
Corp., First Securities Co, of Chicago, Folger, Nolan, Inc.,
Ira Haupt St CO., Hayden, Miller - St Co., Hayden, Stone
St
Emerich
Co.,
( + )
Increase
Decrease
Oct. 24,
1945
-1
Exnlcios St Co., First Boston Corp., First Cleveland
Ferris,
$3.75
Co.„ Eastman, Dillon
Co., Lee Higginson Corp., Coffin & Burr, Inc., Riter
& Co., E. H. Rollins & Sons,
Inc., G. H. Walker & Co..
Paine, Webber, Jackson St Curtis, The
Milwaukee
Co.,
Brown
(In thousands of dollars)
Loughridge & Co., Alex. Brown & Sons, Brush, Slocumb
St
Co., Krank B. Cahn & Co., Campbell, McCarty &
Co., Inc., Julien Collins & Co., Courts & Co., Drexel &
Co., Francis I. du Pont & Co., H. L. Emerson & Co., Inc.,
Clement A. Evans & Co., Inc., Farwell, Chapman St Co.,
&
The
12 Federal
Reserve Banks Combined
Offered
$9.70 per share.
^
j
Statement of Condition of the
;
Inc.,
Eichler
refunding.
unexchanged
St
Gas
&
Co.,
Lord, Moore, Leonard St Lynch and Reinholdt & Gardner.
9,700,000 Westvaco
Price,
'
445,738 shares of
Co.,
(par
Read
&
Co.,
par)."
Lynch,
■'Represents issues placed privately,
tRepresents special offerings.
,■
28,000,000 Pacific
&
Singer, Deane
Granbery,
Marache
Co.,
St
Boyce,
&
corp.
\
Inc.,
Dillon
Eastman,
$41,813,333
Electric Corp.
Co. 5,000 shares of .7% preferred stock
Price,, $66% per share.
Originated by
Pierce, Fenner St Beane.
Baking
)par/ $50)..;iv
Merrill
.
Co., Newburger St Hano,
Weeks St Stubbs, Biddle,
Whiting,
Co.,
Stein
Drexel
-
Rollins
Co.,
Scribner,
Blyth St Co,,
(no
&
■
t250,000 Ward
Burge & Kraus, Frederic H. Hatch & Co., Inc., Hayden,
';;
Miller & Co. and Mohawk Valley Investing Co., Inc.
!
1,324,570 Colorado Milling St Elevator Co. 101,890 shares of com¬
mon
stock (par $1).
Price, $13 pec share.
Offered by
Paul
H.O Davis St Co., Hornblower & Weeks, Boettcher
St Co.,- A. C.
Allyn & Co., Inc., Ames, Emerich & Co.,
Inc..
Central Republic Co.
(Inc.), Don A., Chapin Co.,
Julien Collins & Co., Coughlin St Co/, Ftirwell, Chapman
& CA., The Milwaukee Co., Newhard, Cook & Co., Peters,
Writer & Christensen,. Inc.,
Piper, Jaffray & Hopwood,
Reynolds & Co., E. H. Rollins & Sons, Inc., Sidlo, Simons,
Roberts & Co., Sullivan & Co., Van Alstyne, Noel & Co.
and Harold E. Wood & Co.
j
V".„"
724,000 Fabrican Products, Inc. 28,960 shares of common stock
(par
$5).
Price,
$25 per share,
Offered by Baker,
j
Simonds & Co^^.^.
1
123,000 International Shoe Co. 3,000 shares of commbrt Stock (no;
;
par).
Price, $41 per share.
Offered by Lee Higginson
Weeks, A. G. Becker St Co., Inc.,
(Inc.), Hallgarten Sc Co., Hemphill,
& Sons, Inc., Hayden, Stone
St
H.
Laurence
&
Whelen
Co.,
Boston
of
part increased
dividend.
Offered by
and
100
cumu-
payment
in
Fenner St Beane,
Republic Co.
St
Stroud
■
Pierce,
Hornblower
Central
•
Price
$4.75
of
Purpose,
finance
to
Gas
.
.
■
,
,
_
<
,
•
f
Purpose,
shares
par).
(no
used
were
business.
First
100,000
Inc.
stock
bank loans which
....
Dempsey St Company, Hamlin St Lunt,
Johnson, Lane, Space and Co., Inc., Rauscher, Pierce &
Co., Inc., Sills, Minton & Co., Inc., Newhard, Cook & Co.,
Campbell, McCarty St Co., Inc„ Clement A. Evans St Co.,
Inc., Milhous, Martin & McKnight, Inc., Mitchum, Tully
&
Co.,^Folger, Nolan, Inc., A. M. Kidder St Co., Ball,
tenden
\ '
$25).
(par
of $2.75
Offered by
share.
per
l.
St
Starkweather
working
capital of wholly-owned subsidiary, development of new
post-war products, etc.
Price, $25 per share and dividend.
Offered by Otis & Co. and Curtiss, House St Co.
preferred
.(
& Co., A. C. Allyn & Co., Inc., Bear,
Co., Central Republic Co. (Inc.), Drexel & Co.,
Glore, Forgan & Co., F. S. Moseley & Co., Schoellkopf,
Huttott Sc Pomeroy, Inc., Wertheim & Co., McDonald &
Co.,
Nelson
Douglass
&
Co.,
E, M.
Newton St Co.,
Schwabacher St Co., Hallgarten & Co., Buckley Brothers,
Peltason, Tennebaum Co., Reynolds St Co., G. H. Walker
St Co., Blair & Co., Inc., Norman W. Eiseman & Co., Inc.,
'
shares
25,000
Co.
stock,
Redpath, Courts St Co., Boettcher St Co., Hallgarten &
McDonald
St Co., Bacon, Whipple St Co., J. Ci
& Co.,
W.
D. Gradison & Co., Kirchofer &
Arnold, Inc., Singer, Deane St Scribner, E. ;W. Clucas &
Co., Newahrd, Cook, & Co., .Pipar, „Jaffray C& Hopwood,
Wm.
C.
Roney
& Co., Scott, Horner St .Mason, Inc.,
George
D.
B.
Bonbright St Co., IngaUs St
Snyder;
David A. Noyes St Co.J G. .H, Walker Sti. Co.,
Vietor,.
Common,
Dann St Co., Burgess St Leith, George R.
Cooley St Co., Inc., Farwell, Chapman, St Co., Creston H.
Funk,; R. S. Hudson St Co., Inc., H. H. Huston & Co.,
Mohawk Valley Investing Co.,, Inc., Reinholdt & Gardner
ami Richard B. Vance St. Co., Inc.
/ ; ,
.
>
///.r
128,000 U. S. Truck Lines Inc. of Del. 8,000 shares of common
stock. .Price, $16 per share.
Offered by Otis St Co.
Co.,
Bradford
by Kidder, Peabody
1,228 Laister-Kaufmann Aircraft Corp. 24,565 shares of class C
common stock
(par 5 cents).
Purpose,' working». capital..
Price, 5 cents per share.
Offered for subscription to
:
stock
common
-
"
,,
v.\
St
,
Corp. 10,000 shares Of common stock
$31% per share.
Originated by Kidder,
'
'
Mills
Price,
Hudson
Stearns
247,499
stock.
B
Inc.
$48%
White, Weld & Co.
4,323,659 Central
*•
shares of class
B common stock (par 5 cents).
Purpose, working capital.
Price, 5 cents per share.
Offered for subscription to
Aircraft Corp.
12,375 Laister-Kauffmann
Co.,
&
(par $1).
holders
to
Financing
Light Co. ,2,000 shares
&
Price,
stock.
& Co., Inc.
1,265,851 Standard Forgings Corp. 110,074 shares of common stock
(par
$1).
Price, $11.50 per share.
Offered by Shields
St Co., Hornblower St
Weeks, Paine, Webber, Jackson <fe
Curtis, E.
H. Rollins St Sons Inc.,
Cruttenden & Co.,
Cohu Sc Torrey, Lee Higginson Corp., Auchincloss, Parker
,.A
Cities Power
Peabody & Co.
•
Price,
Inc.
t318,750 Burlington
Newburger
Aircraft Corp. 81,183 shares of class
(par $1).
Purpose, working capital.
stock
common
»
f
.
,
'Blyth
Issues
Credit
(A.
shares of class A common stock
A
Co.
&
-
(par
shares of capital stock (par
$1).
Purpose, working capital.
Price, $2.50 per share.
Offered by E. M. North Co,
81,183 Laister-Kauffmann
Yarnall
.
Steel Car Co. 12,675 shares of common stock
(par $1).
Price, $23% per share.
Originated by Kuhav
..."
JLoeb St„ Co*'
. r.
.
,
v
.
93,000 Southwestern Public Service Co. 4.000 shares of common
stock
(par
$li.
Price, .$23% per share./ Offered by
S.) Beck Shoe Corp. 20,129 shares of common stock
$1).
Price, $17.75 per share.
Offered by same
bankers as offered the preferred stock (see foregoing).
357,290
(par $1) in units of one
share of
preferred and 10 shares of class A common.
Purpose, working capital.
Price, $35 per unit.
Offered,
preferred
stock orlgirialljr offered
for subscription
to
preferred stockholders but only 170 shares were subscribed
for.
John
R.
Kauffmann
Co., offered 17,532 preferred
shares and 175,320 class A shares in units as above.
,'V
,
Co..
&
and
Co.
3,904,600 (A. S.) Beck Siioe Corp. 39,046 shares of 4%% cumulative
preferred stock (par $100),
Price, $100 per share and
dividend.
Offered by Lehman Brothers, Wertheim & Co.,
Adamex
Securities
Corp., Bacon, Whipple & Co., Ball,
Burge & Kraus, Bosworth, Chanute, Loughridge & Co.,
Commercial Investment Trust, Inc., Courts & Co., Graham,
Parsons & Co.,
Granbery, j; Marache & Lord, Hallgarten
St Co., Hemphill, Noyes & Co., Hirsch St Co., Lazard Freres
& Co., Laurence M. Marks St Co., Riter St Co., Stein Bros.
St Boyce, Stroud & Company, Inc., G. H. Walker St Co.
617,870 Laister-Kauffmann Aircraft Corp. 17,702 shares of first
preferred stock 6%
cumulative (par $26) and 175,320
,
Co.,
Blyth
,
35,000
Corp.
Stern Brothers & Co.,. Stix &
Co., Union Securities Corp.,
Dean Witter St Co., Harold
Woodard-Elwood & Co., Wurts. Dulles St
Inc.,
Cummins,
St
t297,863 Pressed
•
Intermediate
preferred
of preferred and 1 share
& Hano and Kobbe,
share
1
by
^
/
97,750 American
Inc.
Co.,
Helicopter
87,500 Jet
/
of
Offered
Wood
E.
$105,060 American cities Power A Wght jC^-,^<>00 ;$hares of $3
preferred stock.
Price, $52V2 per share.
Offered by Blyth
■
190,000 shares of $2.25 cumula¬
(par 10 cents). Purpose, working
unit
per
common.
Gearhatt
.
stock
common
of
v
Issues Not Representing New
875,000 International Resistance Co. 175,000 shares 6% cumulative
convertible preferred stock
(par $5)
and 175,000 shares
Price,
Wheelock
Banks 0.90%t consolidated
debentures/dated Oct. 1, 1945, due June 1, 1946.
Purpose,
refunding.
Price,-.. par.Offered by Charles R. Dunn,
fiscal agent,, New York.
V
"
Weeks-St.: Harden*.i Bopd &
Goodwin, Inc., Julien Collins & Co., Dillon, Read & Co.,
Inc., Eastman, Dillon & Co.,: First of Michigan Corp.,
Goldman,
Sachs & Co., Harriman Ripley & Co,, Inc.,
Harris, Hall St Co. (Inc.), Hornblower St Weeks, Kidder,
Peabody St Co., Kuhn, Loeb & Co., W. C. Langley St Co.,
Lee Hlgginsdn Corp., Lehman Brothers, Mellon Securities
Corp., Merrill Lynch, Pierce, Penner <fe Beane, Reynolds
& Co., E. H. Rollins St Sons, Inc., Wm. C. Roney St Co.,
Stein Bros. St Boyce and Watling, Lerchen )St Co.
of
Sills,
Co.,
Singer, Deane & Scribner,
Co.,
Tucker,
Anthony &
($1,477,700),
Farm Loan and Government Agency
Baker*
.
purposes
Lukens, L. F. Rothschild St Co., Salomon Bros.
Schoellkopf, Hutton St Pomeroy, Inc.. Shields.
Minton & Co., Inc., I. M. Simon St Co.r
&
Hutzler,
&
42,526 shares of 4!/2% cumulative pre¬
$50).
Purpose, refunding ($648,600),
(par
corporate
$17,180,000 Federal
St
Inc.,
Co,,
baugh
St
4
Co.
shares plus the 16,500 shares offered
Co., Union Securities Corp., A. C.
unexchanged
Paul
by
Jackson
and Prescott
Price, $51 per
-share.
Offered by Merrill Lynch, Pierce, Fenner & Beane,
A.
C.
Allyn St Co., Inc., Blyth & Co., Inc., Eastman,
Dillon St Co., Kidder, Peabody & Co., Lehman Brothers,
Wertheim
&
Co., G. H. Walker & Co.,, Stein Bros. &
Boyce, Bioren & Co. and Mackubin, Legg St Co.
general
preferred shares (par $50).
Purpose, re¬
funding ($7,807,500), expansion, improvements, etc. <$1,692,500).
Price, $50 per share and dividend.
Offered
173,500 shares offered in exchange to holders of class A
Allyn. St
stock
ferred
convertible
tive
Hano,
:
Vt'rrr
'
Co.
2,126,300 Lane Bryant, Inc.
'
Radio Corp. 100,000 shares of common stock
Purpose,
working capital.
Price, $5.75 per
by
Van Alstyne,
Noel St Co., Nelson,
Douglass & Co., Cohu & Torrey, Coburn St Middlebrook,
Courts
&
Co.,
Doolittle, Schoellkopf St Co., Newburger
St Hano, Taussig, Day St Co., Inc., E. W. Clucas St Co.,
Johnson, Lane, Space St Co., Inc., Grimm & Co., Mead,
Irvine
&
Co.,
Frederick S. Robinson St Co., Inc. and
,
preferred
ft. Murch & Co., Newburger &
Newhard, Cook St Co., Otis St Co.. Paine. Webber,
& Curtis, Peters, Writer
St Christensen, Inc..
Piper, Jaffray St Hopwood, R. W. Pressprich St Co., Quail
Sc Co., Rauscher, Pierce St Co., Inc.; Reinholdt & Gardner,
Riter St
Co., Robinson-Humphrey Co., Robinson, Rohr-
-v:-'
.
Morelandr May hard
and
v
-
.
Offered
0,500,000 Houdaille-Hershey Corp.
it Co.
vk''
■
20,000 shares Of $2.20 dividend
stock
(par $50)V
Purpose, retire
Inc.
Co., Curtiss, House St Co.; Joseph St Co., Inc.
■,
$1).
(par
.
Stores,
promissory note, modernization and expansion, etc.
Price,
$52 per share and dividend.
Offered by Merrill, Turben
& Co., McDonald St Co., Hayden, Miller St Co., The Ohio
common
Woodard-Elwood
and
.::o
Drug
convertible
Co.
'575,000 Hamilton
share.
Co., Inc..'
100,000
stockhold¬
ers,
unsubscribed
shares underwritten
by Dillon, Read
St Co., Inc., Allison-Williams Co., C. 8. Ashmun Co., Cftldwell Phillips Co., J. M. Dain & Co., Prank St Belden, Inc.,
Goldman, Sachs & Co., Hemphill, Noyes St Co., Kalman
St Co., Inc., Kuhn, Loeb St Co., W. C. Langley St Co., Lee
Higginson Corp., Merrill Lynch, Pierce, Fenner St Beane,
Park-8haughnessy & Co., Piper, Jaffray & Hopwood, L.
P. Rothscild St Co.) Smith, Barney & Co., Union Securities
Corp., Watling, Lerchen St Co., Dean Witter St Co., Harold
dividend.
f'.
•
1,000,000 Gray
shares of 3%%
cumulative
convertible preferred stock
(par $100).
Purpose, finance
future plant expansions, etc.
Price, $100 per share and
Inc.
Mills,
And G. H. Crawford
feroi. St Boyce, Dscar Burnett
HigginsbA Corp.,
Edward D. Jones
Co., Morris P. Fox St Co., E. H.
Inc., Stifel, Nicolaus St Co., Inc., O. H.
Lee
Milwaukee
The
Co.,
10,000,000 General
,
Monday, October 29, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
2058
A,
4.005000
4.005000
.
V
-
-653300*
.562900*
3.227000
■/
..
■,
.658300*
.562900*
*
.909090 '
.
/
.904375'
3.227000
3
k
j
*658300*
:
?
>-
4.005000
/ /
A
.
.562900*
C. T.
Stein
J.,:
•Nominal
rate.
-■
'■>
f,
TS
Volume
162 ;
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4433
Company and Issue—
Condition Statement of Member Banks
Mount
shbws
the
following
principal
changes
the
for
V
;
Corp)
Bridge
Casket
National
$5 The condition statement of weekly reporting member^
bpnks of the Federal Reserve System in 101 leading r
cities
Hope
National
Container
due
A,
ser.
National
:
North
week ended Oct. 17: A decrease of $172,000,000 in loans;
increases of- $363,000,000 in holdings of United States
Oil
6%
1st
15
31
1893
Nov
24
0
due
1959
Animal
Co., 3Y*%\ debs,
Funding Corp.—
trust
1
1516
•
1949
Aro
16
1894
Artloom
Copper & Brass, Inc., 1st mtge. 3V4S, due I960—Nov
Superior Oil Co. 3'A ft debentures due 1956
Nov
obligations of which $269,000,000 was in "
Treasury bills, $280,000,000 in demand deposits adjusted,
15
1896
Autocar
Co.,
1
1679
Automatic
Tennessee Gas
Transmission
&
Co.
1st."mtge.
pipe line
Aviation
3%; .bonds due 1965__Oi_—
-
$326,000,000 in deposits credited to domestic banks;;';
add a decrease oi: $272,000,000 in
States Gov¬
Nov
1
Victor Equipment Co.,. convertible preferred stock——Nov 15
Western Newspaper Union 6%
conv.
debs., due 1959—Dec 15
1679
ernment
Windsor Gas Co.,
1213
and
dealers
for
purchasing or carrying United States
obligations declined $79,000,000 and other
Government
Holdings
of
Treasury
and
ness
of
United
States
Government
debentures
$44,000,000.
declined
.
ly all
in
v
Assets—
$
Loans and investments—total
Commercial,
industrial,
"
and
chasing
or
and
—
Electric
1,190
+
*
20
—
1
1389
1
1969
Bros.
Bryant,
Inc.,
&
5%
mtge.
4Y2Y0
+
+ 269
+ .34-.V
+
+
+
381
+
'
16
933
+
1515
1515
—272
8,563
+
+
326
+
1515
1516
5
+
266
4
+
Gov't
Co.
Car
Redemption Calls and Sinking Fund
1029
1969
„———
& Pacific
due
New Amsterdam Gas
1968—
of
Co.
New
1980
1st
Electric
mtge 5s due
cons,
Heat
1948_Nov
Power
&
bonds due 1948__«_.
Nov
Purchase money 4% bonds due 1949.
__._i.Nov
Hotel St. George Corp., 1st mtge. 4% bonds due 1950__Nov
-
various
bonds
due
1951
1950,
1556
Corp. 3'/2%
7%
1
due
debentures due
ref. mtge. 3 (is,
—
ser.
1st mtge.
1, '47
Nov
2
July
2022
1956
6Yo
1
Nov
10
1680
-Nov
15
1932
(now 4'/2%)
Products
—i
stock
Corp.—
$4.25 preferred stocks
Nov
2
issue.
Jin Volume
1810
1810
7,
*
1932
31
1895
1678
28
1947
Dec 28
Foreign Securities Corp., 1st pfd. stk—Oct 30
Dun
'
/
Company ahd Issue—
-
AHis^Chalmers-Mfg.
Aroostook
"
Co.,A%
conv.
preferred stock____Nov 23
RR. let <te ref. 4V2s. due 1961
Nov
Electric PosPer Co., 5'A% prior pfd. $tock_/_Dec
California
OhioAly.
&
ref.
iniprov.
ft
mtge.
bonds, series D, dire 1996.
;
......iiiJ
Aikman C)9rp.f 5% conv. pfd. stock.-
East
r
Public
Coast
1st lien
Nov:,
Service
Co.—
_
'
1884
Tire
St.
U Rubber
Ry.
Co.
3%
t, ,\" 1636
;
668
6Yc
American
Paper Goods
1390
American
Radiator
Nov
1
1639
Bafr Water Co. 1st ref. mtge. 5s due 194^—Nov
Gtfess-Pfleger /Tanning Co., convertible income' deb.Dec
1
1513
31
&
_______Nov
Daudn
Paper Co.
$4 preferred
stock
15
i
1890
1514
Iowa
1969______Nov
24
1st mtge. 5s due 1959_i__—-Nov
1
987
1
1395
Natural
Stones
Public
Gas
Corp..
Service Co.,
1st
mtge. 4s
1st mtge. 334S,
Litchfield & Madison Ry.,
Montreal Island Pr. C»- 5'Aft
1st
mtge.
;
due
ser.
a*-*
A
u
bonds.Nov
1
—
preferred
Stock
1171
15
7%
1640
Nov
Corp., ;5'A% preferred stock__„ — __.._Nov
International Rys. of Central America 1st mtge. 5s____Nov
Houston
...
dividend
stockholders
,
J
of
Insurance
American
by
of'the
Common
American
-
Co.
(N.
subject to
and
Mill
Co.
the
by the
Superintendent-
approval
State
of
Ampco Metal, Inc. 6%
N.
Y
Payable
Glass
Co.
11-15
\
11-
9
'
11-1
10-25
;
J3c
11- 1
10-
12-
1
11-19
50c
American
Del.
47c
Corp.
12-
1
11-19
11-28
11-14
4c
56JAc
(quar.)_
:i._
11-15
12- 1
10-15
25c
;
Anglo
.
11-
10-30
45c
A10-31
10-22
12c
11-15
10-30
,
$30c
11-15
10-31
1
93%c
12-15
12'-
$1.25
12-
.
pfd
of Canada—
conv.
.
r
'1- 2
12-26
11-20
.
11-2
11-14
•
12- 1
$1
-
10-10
••
..
1
1
37'Ac
10-
t ;
1
...»
Ltd.—-
11-15 •-
$$1.25
-
Ltd.
r
•
35c
Investment Corp.,
9
Co.,
$$2.50
Co.,
11-15
1
11-27
11-30
i -.;
Corp.
12-
'
11-15
30c
Insurance
$5
(
J50c
(quar.)
(quar.)
Corp.,
5 ;
15c
(lrreg.)_
Life
,
,
Corp..^
Ltd.
1
11-27
25c
...
;
(quar.)___
Co.
Co.,
Bridge
(quar.)_.
preferred
preferred
(s-a)__
(s-a)
preferred
$30c
10-31
11-24
$44c
(quar.)37'Ac
12-
/
•
8
Morse
&
Co.
I
Extra
Bake
$1
37Vac
AA
Class
Shops,
50c
Inc.,
'%%.
Graton
Brewing
Co.
Mobile
Ohio
&
Mines,
Hancock
Oil
12-
I
B
Co.,
common.
Ltd.
$5
(quar.)
—
preferred—
Co.,
Hanna
preferred (quar.)_*_
class A (quar.)
——
r-
&
Stock
11-15
Hooker
$4.25
Hub
(A.)
6%
1st pfd.
11- 1
11- 1
5-1
11-15
11- 1
12- 1
10-20
12-12
11-21
10-15
4-15 '
11-
6
11-13
11-15
11-
5
11-15
11-
5
'
75c
343Ac
$2.50
12-17
3-1-46
1- 2
12-
5
;
$1.12Va
50c
2oc
50c
2-13
;
"
12-12
7
11_3®
1- 2
12- 1
11-
12-1
'
11-15
12-15
11-15
11-15
—-
Co., common
(quar.)
Sons,
Electrochemical,
5%
10-20 !
10-15 '
$1.06»A
50c
$1.25
32c
I3"1®
12-1
25c
12-17
12- 5 ;
12-
40c
12-17
11-28
$106^
12yac
12-28
10-20
tquar.)_
(accum.)
Inc.
(quar.)
dividend
Loan
10-20
5,*
Util.
preferred
■
12- 1
12~ 1
12- 1
11-15
_____—
Co., $4.25 preferred
&
'
I
1
$175
_
25c
Elec.
t
_
(quar.)—
(M. A.)
Hollander
30c
25c
50c
$1.75
5c
90c
$15c
(interim)
Extra
11-30
11-11
RR.
10-20
,-
(s-a)—__
I
Paper 4%
Heywood-Wakefield
5%
preferred B
30c
(quar.)
preferred
Extra
Class
Havana
5
30c
preferred
convertible
■SY2Y0
11-23
11-
-
(quar.)—
$1.80
preferred (quar.)
hriesedieck Western Brewery
•
11- I
10-15
10-20
.
87V2c
—
7%
10-19
11-
60c
(quar.)
11-16
11-1
;
'
12-15
10-31
li- 1
5c
(quar.)________-i——
Co., 6'/* non-cum. pfd.-_
preferred
Knight
&
I
11-15
1
55c
; 15c
:
(irreg.)——
Cigar Co., 7% pfd.
11-16
2
•
-
Railways
1
1-
62Vac
62V2c
t'
/V.
Iron Works
1
12-15
11-16
——
non-cumulative
11-
11-15
12-15
12-31
12- 1
12- 1
common
20c
$3.50 preferred
Fulton
12-
20c
12-31
'
}
t
,
-t $1.50
'60c
12Vac
4-1-46
12-31
■j.
!
Industrial Securities—
Hammermill
12-14
11-30
1-2-46
,
(quar.)
Extra
Hallnor
12-20
11-30
12-15
—_
Syracuse
—
11-16
<
12-15
$2.50
.
,
11-17
25c
—
;
11-10 •
11-30
75c
(quar.)__.
Life Insurance,
Extra
Fulton
1
30c
——
—-—
11-15
/ ;
11-10
"
1
100%-
11-30
12-
■
$2.50
25c
(extra)
—_
Gulf
11-19
12-15
25c
—._
1
1
11-30
,,50c
,
preferred (s-a)
12-
12-
11-20
12-15
t
Sulphur Co.
(quar.)
Sulphur Co. (increased quar.)—__
Froedtert Grain & Malting Co., Inc.—
$2.20 preferred (initial quar.)___
Fuller-Brush, class A (quar.)
10-17
12-28
12-1
50c
Freeport
Freeport
12-
10c
10-23
10-18
^
—
& Traders
Farmers
15c
1
11-1
10-19
-#.•.'•/;•.•.'•.•' '-^Oc-,'.) -12- 1
25c
;
12-15
/
(quar.)
Fanny Farmer Candy Shops
12-31
$5
11-20
12-31
15c
$1.50
Extra
Falstaff Brewing Corp.
11-16
11-
*1
12Vic
1
12-31
1-15
12-10
50c
(quar.)__
-
Fairbanks
of Bee.
50c
U
Co,—-———
5^
.12-
r</:$1.75
/
Co., common-.
Ctfs.-of beneficial interest_!
Holdert
Y.)—
—
Rolling
Thread
1 !
10-25
.
International
Bradstreet, Inc.
Goebel
When
$1.75
(quar.)
American Re-Insurance
12-
: 11- 1
31'Ac
Railroad
Gary
Sanitary—
Common
•
.* 12-15
,
Erie
-
•
Hinde &
.
(quar.)———X———
Standard
&
5
•,
Corp.—: :;/■
(quar„)_-„_
Quarterly
Share
,
(quar.)
1888
1
Great South
Howard
preferred
-Nov 15
mtge. 4s due
debs, due 1961
gen.
.
———
Nov 10
11-15
11-
50c
(N. Y.)
Per
1
—„———
Amalgamated Sugar 5% preferred (quar.>__
American Colortype 5% preferred
American-Investment Co. of Illinois (quar.)_ "
American Metal Corp.,
common——
1962_Nov
collat.^fs, series A, due 1948__
Massachusetts
Firestone
1
12-1
11-15
30c
Duquesne Brewing (Pgh.) (quar.)____!
Manufacturing Co. (quar.)
Empire & Bay State Telephone—
4c/q -guaranteed (quar,)_
ip the week when
Allied Mills, lnc
3Vz%.
Collins &
Eastern
1
■
$1
RR.—
(initial)
Gamewell Company
jtanw of Company
*,.
1762
Valley
Chesapeake
.
Bend
Extra
'./v/Vv
PAgb
8
$1.25
Edwards
Industrial and Miscellaneous Companies
Date
■
.
1
11-
V
—'.t
(quar.)
non-cumulative
General
f
,
11-
1
12-21
J2c
(irregular).
South
Extra
we
PARTIAL REDEMPTION
■
12-
-4$1
,
(accum.)
(SA)
Quarterly
5rA
The dividends announced this week are:
1932.
1
(s-a)
(quar.)
(initial)-.^
:
Power
&
Dominion
declared.
1808
11-
preferred (s-a)
5%
Investment News Department"
and
4%
Ltd.
Zellerbach
Dominion
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
..
Ltd.
Diamond Match Co, (quar.)
Dickerson (W. T.)
(extra)
show the dividends previously announced, but
which have not yet been paid.
Further details and rec¬
&
___Dec
S%
161.
we
which
.
1
12- 1
Derby Gas & Electric Corp.__
1213
are grouped in two separate table*,
in the
bring together all the dividends announced the
current week.
Then we follow with a second table in
1637
11-15
Trust,
•
Mines,
&
Debentures & Securities
1558
Dividend*
first
1
11-
(accum.)
Fuel & Iron
Wilmington,
Crown
DIVIDENDS
1637
11-15
12-
12-1
common
common
Federal
1637
1
1
1
'"■'•,420c
Investors class A
(irreg.)
Imperial Mills, Ltd. (quar.)
Crane'Co. 3%% preferred (quar.)_i
1932
—_—
1st preferred
$2490
1680
1
A, due 1980—Dec
-
*
11-23
12-
Dominion Dairies, Ltd.—
series A,
1883
...
bonds due 1951
improvement mtge.
:
"••
.
*
Reading RR.
*
12-20
.
Cosmos
bonds, series
1
C5-; /
•
Corporate
Page
8
;
Pennsylvania Co., guar. gld. tr. ctfs., ser. E, due 1952—Oct
Reading Co.—
*7.%.
/'■
jersey Central collateral 4%
24
Wheeling & Lake Erie Ry.—
•
Ref. mtge. serial 2Va% bds., ser. E, due 1945 to 1949_Nov
8
Ref. mtge, 3Yec/o bonds, series F, due June 15, 1966—Nov
8
Williams (J. B.) Co., 75-cent preferred stock
Nov 15
Wisconsin Fuel & Light Co. 1st mtge. 5s (originally
6y2s), ser. A, due 1948
—
Nov
1
Co.:—
1st mtge. 5%
—
\(930
Light Co.—
Chlorine
$4.50 and
mtge. 5%
—Dec
—
Co.,
Nov
—
•Announcement in this
—Nov
1520
Inc.:—
York,
Light,
& ref.
Ry. gen.
—
Westvaco
TENDER
_____
II~—
ser.
——
gold debenture bonds,
Warner
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
due
ctfs.,
& ref.
Union Pacific RR.,
list of corporate bonds, notes,
Date
trust
preferred
Continental
i 1T930
equip,
Stores,
Connecticut
1679
Nov
1
Jan. 1, '46
bonds
Concession Corp., 8# gold debentures—Nov
Nitrate
&
Iodine
Sales
Corp.,
5%
income
1
1679
Ry.
i_.
3%s, series A
Ltd.—
Investment
Gold
Shore
Breweries,
Consumers
1
1st mtge.
United States Asphalt Corp.
Port
South
New
*
Nov
Line
Air
Tubize Rayon
Notices
Co.
bonds
mtge.
11-15
$25c
Co.,
Sugar Co.
Commonwealth
500
Texas
Company and issue—
$2
*
.
13,241
OF
1st
Works
Water
10-23
11-15
37V2C
—
3V*1b
1679
6%
NOTICES
intge.
Mountain & Southern Ry. River & Gulf
1st mtge. bonds-——-1—— .Nov
Texas Power &
a
ref.
1
D.
Below will be found
Co.
31
due
„
Telegraph
Oct
accounts,
during week
&
'
1
•
U- 1
f$1.25
—
Quarterly:
Chicago Wilmington & Franklin Coal Co.—
Quarterly
Chicago Yellow Cab (quar.)
Chile Copper Co
1
City Baking Co., 7% preferred (quar.)
Coast
mtge. 3% bonds, series C, due 1968
Jan 1, '46
1st & ref. mtge. 3'/2% bonds, series B, due 1964„Jun 1, '46
Southwestern Light & Power Co., 1st mtge. 33/4S, ser. A,
deposit accounts except
S.
Violeta
Chicago
bonds,
,-Dec
1st
76
+
6%
mtge.
—
Oil Co., Inc., 2%% debs, due 1955
Southern Pacific RR. 1st ref. mtge. 4s due 1955
Southwestern Bell Telephone Co.—
^ "Z
245
Borrowings.
improv.
'
1
11-15
Less 7'Ac withheld for Cuban dividend tax.
&' July
Socony-Vacuum
1,012
+
Louis
Seaboard
1,540
10,218
&
1
11-
>-4^
1
■
$1.50 convertible preference
Central
Louis, Iron
San Jose
+1,730
44
Telephone
Divisions,
2,748
+
preferred
Malartic
Laundries
ref.
Co.—
Central-Illinois Securities Corp.—
Textile
Ry.
due 2047
11-
$20c
Consolidated
Pacific
B,
1
12-1
15c /.12- 1
.i"!'-'*
(interim)
International
Consolidated
92
+
1,104
United States &
24
Apr
2
12-
$'1.12V2
——
992
St.
9
—
+ 280
Domestic banks
due
Canadian
Jan
Insurance
(interim)
1678
597
+ 101
Foreign banks
bonds
460
1946i
Corp.
11-
15c
;
L_
12- 5
Alcohol—
Colorado
5,336
—
1;
.
,95
+
—
+
1
—
2,288
D. S. Government deposits—1
Interbank deposits:
'/
B
Industrial
1644
671
—
49
;+
9,207
&
Class
————
10-29
1
$25c
Colonial
—
11-16
11-
10c
_•■
1517
716
—
of 1929 due Apr.,
ser.
11-16
11-26
$1
(accum.)
-——Jan, 1, '46
Series
Pacific
-+1.822
12
gold notes,
•
10-29
11-26
75c
(quar.)
Canadian
1
11- 8
quar.)—
:
1285
1
10-26
2c
(quar.)___
Extra
>
1171
Telephone Co.. ref. intge. 3Y\Yc bonds, ser. B,
1967
Northern
180
St.
Philadelphia
.
1
—Nov
1
20c
Co..—.,.
Fairbanks-Morse
Common
10
1
3-30
10-26
11-
$1.50
(quar.)
preferred
Canadian
*
Dec
12-21
2
11-1
25c
Ij
*1
(initial
Title
•
21
+
39,362
deposits-adjusted
Time deposits
'
1513
-—Nov ' 1
1-
$1
12-21
$1.50 3-30-46
(quar.)..
1516
dtle
Liabilities-
RR.,
&Y2Y0
Ltd., 5%
due Jan.
7
—
6% preferred B
Canada Cement Co., Ltd.~
*
A
1978
12-
$1.50
10-23
Jan. 1,'46
bonds due
1
12-20
1- 2
10-23
Class
due 1955.
11-
$1
1
1769
__—
•New York
11
572
Central
bonds
10-18
1
11-15
_
Power
1
1
3,283
•1952
1639
—Jan
mtge.
11-
50c
68%c
,
1
20
sinking fund bonds——
Light Co.-~.
ref.
68%c
(quar.)
11-
Canadian
Nov
11- 1
10-25
1
11-
1392
bonds
3
75c
Nov
4 Yz '/c
11-
j____—-—87V2C
California Water Service Co. 6% pfd. A
37V2C
,
secured
11-15
i
1, '46
75
10,345
Balances w»th domestic banks
Illinois
RR.:—•
Inc.,
1
$1.75
(quar.)
preferred
1
bonds due 1960
11-
(quar.)—;
bonds, series f}. due 1966*.4—.—-Dec
1
Phelps Dodge Corp.? 3Vsr% debentures due 1952—
Dec 15
Public
Service- Co.
of
Oklahoma,
1st
mtge.
3 (4s,
series A,, due 1971Nov 24
;439
+
+
11
9
Reserve with Federal Reserve Banks
&
4%
Properties,
11-15
(quar.)
(quar.)
Reading Co. Jersey Central coll, trust 4s due 1951—Apr. 1, '46
Reliance Mfg. Co. of Illinois, 7% preferred stock
Nov
1
+
1,553
Gas
(Calif.)
7%
■
B——Dec
ser.
7
11-
"
common
Pacific
Dec
preferred stock
Nashville
&
mtge.
1946
+
24,896
York
7%
5
12-
(accum.)_■
preferred
Machine
preferred
—Nov
class A stock-—
stocks, ser. A and
Plan Corp. of America—
Collateral gold notes, ser. of 1929
2
9,864
Other securities
New
1st pfd.
Co.
11-
1_
pfd.
Electric
1513
gen,
debentures
1
1- 2
(Extra
(The)
income
4%
California
,7
,
12-
10c
Brothers,
-4Yar/a
1639
168
+
Cash in vault.
•
1, '46
1639
1st
9
82
9,149
.
Edison
Butler
10-26
11-15
—
;_•__
Burroughs Adding
•;
1-14
11-15
11- 1
$1.50
preferred
preferred
Machine
California
_NoV 30
—
Milton Mfg. Co. 6%
Minnesota Power &
76
debentures
/;
11-20
—75c
1st
$2.75
Inc.,
12- 1
1-24
12-13
$1.75
(quar.)
——;
&
12-15
1
I2V2C
I
——
Die
11-15
2
50c
common.
Inc., 5Yz%
Extra
1
1-
.10'/*.
(quar.)——
Co.
Buell
.Nov
series of 1939 due
Mercantile
+
—
405
Obligations guaranteed by U. S. Government
(dollar)
Buda
12-
$1
—
—
A
Bullock's,
*
•
Bearing
Corp., class A——
*
11-28
10-15
$58.50
—
(quar.)
Inc.,
*
1766
Chicago* 7% preferred stock—
——Nov
1
Falstaff Brewing Corp. 6% cumul. conv, pref. stock__Nov
1
General Public Service Corp. 5% conv. debs., due 1953-Nov &4
Great Northern Ry.—:
'AY2Y0 gen. mtge. gold bonds, series, E, due 1977—July 1, '47
—
985
fj. S. bonds
Chilean
7
1389
1966
Collateral
Treasury bills
Consolidated
24
Nov
1389
342
+
79
—
1,063
Treasury notes.
1
1
Dec
1
12-20
11-
7c
Buckeye Steel Casting Co., common
6% preferred (quar.)_L—
Co.—
.Dec
(accum.)
7%
Extra
Class
1884
11-20
Inc.:—
Roller
Brandon
Morris
obligations
Treasury certificates of indebtedness
Asuncion
B
ser.
bonds, 3'/iff series, due 1966__^__
Corp. 6% preterred stock—
1st & ref.
852
U.
is,
Grocers
series
Unified
1,499
and
mtge.
1
115
Loans to banks
interbank
1884
Louisville
+
Other loans
demand
1164
1st
1970
Lane
20
U. S. Government obligations
to
6
Co.
i
pur-
Other securities—
Debits
Nov
Service
Water
of-193fr due
Fair.
1,341
11-
—^
Corp.,
C.)
Mills
1387
stock
!__Nov
1944
+
11-15
(quar.)
Teller,
Jan. 1, '46
pfd.
Steel
(H.
Bourne
Dec
..i^Nov
6,996
Real estate loans
Demand
Bonwit
—
Birmingham & Coast RR. 5ft
mortgage
Howes
—172
19c
12-20
7c
Corp.——
preferred
Bower
stocks
$
11-15
10c
Hedges $2 preferred
Bourjois,
3Vz%- series of 1936 due
Other loans for purchasing or carrying:
{
1883
'/•■■• $3
130
HoudaiilerHershey Corp.
+
Other securities
■
15
■
1389
Oct. 18
$
6,251
lor
stock——Dec
pfd.
1
carrying:
U. S. Government
4
dealers
Bohack
Haytian Corp. of America 5%
+ 192
;
brokers
to
1883
Crown Zellerbach Corp., $5 preferred stock
Dec
Cubhtt Telep.: Co. 5% 1st mtge. conv. bonds due 1951—Jan
Empire^'Gas;'& Fuel Co. 67% and B% pfd.
agricultural
loans
Loans
1
due* 1960i.___-_
3V4%
12,321
Loans—total
Nov
pfd. stock
Nov
'
61,075
12- 1
1
7%. preferred
(quar.)_
Blauner's (Phila.), common
1762
Consumers. Power Co. first mortgage bonds—.
3 V2 % series of 1935 due 1965
Increase (+) or
Decrease (—) Since
1945
11-15
25c
1
Bethlehem
1
bonds—Dec
1st mortgage .bonds, 3 Vi%. series, due 1967-
(In millions of dollars)
1945
Benson &
1162
mtge. bond bonds, series I, due 1967—Jan. 1, *46
Harris-Seybold-Potter Co., 5% debentures due 1951
Dec
5
Oct. 10
12- 3
Corp
prelerred
1347
3%%
Oct. 17
12- 1
common—
Dividend
1
Consolidated
;
'
•
1634
bonds due 1955__
bonds
Cincinnati Gas
1st
1st
Corp., list.mtge. 6ft bonds, due 1949
Nov 15
of America, 3'/2% debentures, due 1962_-Nov 14
Cassco
the total increase at all reporting
$326,000,000; the principal increases
were $140,000,000 in New York City and
$60,000,000 in
the Chicago District.
A summary of the assets and liabilities of
reporting
11- 1
1- 2
(quar.)_
series A preferred
Apartments,
Aircraft
1
•
Celanese Corp.
near¬
10-20
50c
7c
Mills,
Stock
Page
••
5%
Common
I
California
,
was
member banks follows:
Lead & Smelting Co.,
convertible
Atlanta,
:
districts and
member banks
Zinc,
Convertible
,3V*%
Deposits credited to domestic banks increased
-._*_.i.^_i._i.-____bec
1966_.i.._
$6
4 ft
.
.
$1.25
62'/ac
10c
Products
Beaux-Arts
$6
trust 6%
United States Government deposits
in all districts.
due
Americans:Utilities Bervice Corp. coll.
in
Time deposits in¬
10-25
Common
•
Bell
Date
Cork Co., 4% cumul. conv.
Atchison, Topeka & Santa Fe Ry.—
deposits adjusted increased in all districts
except the Chicago District and the total increase at all
reporting member banks was $280,000,000; the principal
increases were $87,000,000 in New York
City and $51,creased
■»
1
.
-
Demand
000,000 in the San Francisco District.
Nov
Colortype Co., 5% preferred stock—
—Dec 31
American I. G.; Chemical Corp., 5'A ft debs, due 1949_Nov
1;
American Telephone • & Telegraph Co.
30-year 3Y\%, ,.
bonds increased
,
11-1
Corporation
Avondale
.
ENTIRE ISSUES CALLED
American
Holdings -Of Treasury certificates' of indebted-
$3.4,000,000 and. $49,000,000, respectively.
5s due 1966
Company and Issue—
New York City and $269,000,000 at all* reporting member
banks.
1st & ref. mtge.
Armstrong
$82,000,000.
increased $228,000,000
bills
Ltd.
•American
.
loans for.the same purpose declined
10-25
62V2C
(initial quar,)
11- 1
Corp.
and
deposits.
"*
Commercial; industrial, and agricultural loans declined
$13,000,000 in the Chicago District, $9,000,000 each in
New York City and the San Francisco District, and $20,000,000 at all reporting member banks, and increased
$10,000,000 in the; Atlanta District. Loansto brokers ft-
12 '/2c
Power Co., 5%
pfd. (initial quar.)_
Equipment Corp., common (year end>__
preferred (quar.)
—Nov
Revere
Government
1
Inc.—-
Arizona
,
$5
bonds, due
of America,
(quar.)
5%. preferred
1955_u_i__lDec 10
due
Trap Co.
Common
1st mtge. conv. 5'/a'ft bonds, ././'■
Nov
collat.
of Bee.
Payable
Share
•
Hoiaert
When
Per
'■
Name of Company
'
15-yr. debs,
Products
mtge.
\
1772
Dec
1946
American
Page
5i^-'_^^#i.s'-,a.il.4._Dec
mtge.
stock
Corp., 5ft
National Fireproofing Corp.
;
Date.,;
1st
Co., preferred
20$$
common
(quar.)_
preferred
(quar.)
(quar.)—
—
11-15
'
11-15
10-19
11-26
11-16
i
5
11- 2
.
12-
10-JA j
THE COMMERCIAL &
10c r* 12-
Car (quar.)_:
——Illinois Power, 5% preferred <accum.;__
Motor
Hudson
Ingersoll-Rand Co.
Per
7.3 £•;.Heme of Company
Payable
Shore
Company
Home of
$2
$1.50
12- I
(accum.)———--•—
—
Island Mountain Mines Co., Ltd.————,
Jewell Tea Co., Inc., common (quar.)——
67c
7%
Lake
Stewart-Warner
5% preierred (s-a)
preferred (quar.)_
2nd preferred (quar.)—
of the Woods Milling Co.,
"M Extra'.
<quar.)_
Co.,
&
—
Extra
——
'
12-15
1
12-15
1-
1
12-15
11- 5
11-13
11-13
12- 1
12-
Co—
tl272c
~
—
-
(quar.i-;——
B
Monthly 1—'—
—
Monthly
.—
—■»---*---—
10c
$1.50
Extra
—
25c
:_
&
15C
1-
>
1- 2
1
1
11-15
11-15
6%
announced in previouj
Caldwell
The list does not include divi¬
New
England
6%
these being given
¥'
in the
5%
Northwestern
11- 5
11-10
11-15
30C-12-10
preferred
11-
I
25C
'
s.
Mills
Oxford
11-16
11- 6
11- 1
10-15
Celotex
."5%
Passaic
Delaware
&
Peninsular
Perkins
Machine
Petrolite
Corp.
Gear
&
$2
$4.50
preferred
4
•
(year-end)
Common
Riverside
Rustless
Cement
St.
Louis
St. Louis
City
6%
Car,
7%
"$3.50
"5%
Extra
$4.50
Sput)i
Commonwealth
Lathe
(s-a)__—~ ~
Connecticut
10-19
\ $2.40
LIZII"!
quar T.
(initial
5
11-
5
11-10
11-10
3"
_I
11-12
12-12
,
—Z""!■
Works_-___
u_.'.
10-31
11-15
Co., eotnmon Hquar.)_
(quar.)
10-31
11-15
Z
llx-15
1
Light
.
(quar.)
Corp., com. (quar.)_
.___
(accum.)
preferred
preferred
12- 4-
8772C
12-31
16 74C
12- 1
11-lS;
11-15
IO-20:
$1.25
*
10-20
$1.25
11-15
11-15
$1.50.
11-15
10-20
10-20
68%C
11-15
11-1?
11- 1
10-31
10-15
__r_
y •
10-5
11-30
35c
11-1
15c
; .12-15
5c
12-15
11-30
12-15
75c
y
*$1.50
11-30
11-15
10-31
12-31
627ac
12-24
-.7,;.7
(quar. I——.—————'—
&
Power
Co.—
(quar.)_
Co.—
(quar.):—I
—i—
Consolidated Chemical Industries, Inc.—
$1 partic. pref.; class A (quar.)
—»_.—
$1 partic. pref. class B (quar.)——:—
Consolidated Edison Co. of New York, Inc.—
$2.20
10-23
; :
Confederation Life Assn. (Toronto)—
11-
—
~
-
common
non-cyip. preferred
•
*
36c
(quar.)
$2.50
10-19
.Chemical Products,- Inc.- (year-end)
Behd
Southern 'Railway
Edison
preferred £ (quar.)
Concord Gas 7% preferred
v
(quar.)____
—
preferred
$2.75 pfd.
preferred
(quar.)
SileXt Cotnnany
Solv^htal
(quar.)"
11-15
.
$1.63
(quar.) _—
._—
(quar.)———►
series A,
(quar.)
Pictures Corp.
25c
10c
series
Compo Shoe Machinery
Corp.
Serv^l, Ind.,. common
'
(quar.)
} II--. 3s
.12- 1'
25c
common
10-101
10-31 r
$1.25
(quar.) —
Commercial Credit Co. 474% conv. pfd
•
-
5%
preferred
67a %
quar.)_
preferred
Surety Co
Roebuck, new*
preference
Preferred
6%
Co
Seaboard
Sears
Louis Ryi
(quar.)
2
_:
& Elevator (initial)——-
preferred
Columbia
preferred
participating
Savage Arms Corp
(increased quar.)
(increased quar.)
Columbia Gas & Electric common
•
__>_n
67c
Stores Co., common
cumulative class A
Colorado Milling
Refrigerating & Cold Storage Co.—
(s-a)
—______
Cleveland, Cincinnati. Chicago & St.
5 %* preferred (quar.)
Cockshutt Plow Co., Ltd. (s-a)
_~I~I"
,; Common
Pac. Ry. Co.—
Clearing Machine Corp
(quar.)_____
_:
Extra
;
—
City of Paris Dry Goods Co.—
"7% 2nd preferred (s-a)
Colgate-Palmolive-Peet Co.,
Co., $5 preferred
Steel
New Orl. & Texas
preferred (quar.)
6%
—
(quar^)
Iron &
-i___
(quar.)
Columbus & Southern Ohio Electric—
(initial
Russell-Miller Milling
——
Fibre, common
—.——
Cincinnati
(quar.)
preferred
(Mass.)—
—
Quarterly'
(s-a)
(year-end)_
Manufacturing—
72%
(quar.)
preferred
preferred (quar.)—i
Chesapeake Corp. of Virginia——____——
Chicago Allerton Hotel
Chicago & Northwestern Ry. com. (irreg.)__
5%
preferred series A vtc (irreg.)
Chickasha Cotton Oil (quar.)
.—
Remington Rand, Inc., common
Rheem
(reduced)——
Corp.
5%
(increased)
preferred A
-
Investment Corp.—
$4.50 preferred (quar.).
Cherry-Burrell Corp., common
(accum.)
(quar.)
--
(extra)
Copper
Extra
Refining
Mfg. Corp., 6% pfd.—
Raytheon Manufacturing, 6% non-cum. pfd"
Reading Co.. 4%
1st preferred
(quar.)_^
Co.,
•
_______—
Company
Champion Paper &
Accessories
(CA)
Pasco
Belt
$6.50
Quaker State Oil
Reed
Ribbon Mills
de
Cerro
Chain
Puget Sound Power & Light—
Ramsey
pfd. (quar.)—
Co.—
(quar.)
preferred
Centurv
(quar.)
America
of
& Light
preferred (quar.)—,
Centrifugal Pipe Corp. (liquidating)
'
Extra
Co.
—
York Power 5%
7%
Pittsburgh Coke 8c Chemical Co.—
Potash
(quar)
(quar.)
Power
Chain Store
pfd.
25c
1
(quar.)
5% conv. pfd. (quar.)
Hudson Gas & Electric Corp.—
•i
New
—
7_%
127»C
Foundry Co.,
Common
(year-end)
preferred
preferred
Central
RR.
5674C
50c
common
preferred
Central
Suburban Water Co., common6% preferred
(quar.)
;
—_
Pitney-Bowes Postage Meter Co. (quar,)——
conv.
(quar.)
(quar.)
preferred
(quar,)__
preferred
Central
(interim)
Co.
(stock
& Co., common
$7
Philadelphia
$5
47a %
M.)
Corporation,
Quarterly
Extension
1
one-fortieth share of common
Chain Store Real Estate Trust
Grinding Wheel
11-
11- I
11-15
*4c
*127ac
share held——
$6
:
(qt«ar.)__:
10-31
10-31
tlOc
Central Arizona Light & Power Co.—
—
preferred
$5.50
Ltd.
Co.,
10-31
$1.25 "
"
Westinghouse
11- 1
*75c
$1.25
(quar.)__
Corp.
Investors
11-
*$1.25
(quar.)
(quar.)
class A
(quar.)__
Carrier Corp.,
Brush
Common
B
Castle (A.
(quar.)_
Porcupine Mines, Ltd.
*3772C
—
Converters
for each
—
Parkersburg Rig & Reel, common
(qhar.)
com.
Industries, Ltd.,
dividend)
& Dry Dock Co.
Paper Co., $5 preferred
Pamour
Co., Ltd.,
preferred
12-15
12-17
1
*$1.50
(irregular)—
Canadian
40C
5674C
Corporation
Ontario & Quebec Ry. (s-a)
:•
____
Orange County Telep. 6%* pfd. (s-a)___
Otis Elevator Co., common (year-end)
67c
preferred (quar.)—
Fibre
137 72C
(quar.)
11-20
Oliver
Ox
(quar.)_—
Association (s-a)
Ltd.—
(quar.) _____——
Canadian Investment Fund
(irregular)___
Canadian Oil Cos., Ltd. new common (quar.)
(quar.)
Flour
6272c
Insurance
Bronze
Canadian
10-20
1
7 75cvW 12-
B
6%
(quar.)__
preferred
Fire
Class
Public Service Co.—
17c
37 Vic
(quar.)
preferred
A
5%
.—
6%
O^ilvie
t20c
f $1.50
Foundries 8c Forgings,
Central
Bancorporation
*37c
(quar.)—.__
(quar.)
preferred
preferred
Canadian
Norfolk
Northwest
preference
partic. preferred
Canadian
Common..——————«
$5 preferred (quar.)
& Western Railway Co. (quar.)_—_
.
Ltd.—
for 5 7a %
Power 6% preferred (quar.)—___
California Packing Corp., common (quar.)__
11-17
:
& Power Ass'n—
Newport News Shipbuilding
25c
—1
Calgary
12-10 -11-16
30c
—-—
(quar.)
preferred
$1
$1.75
(quar.)
Mills—
Linen
1st
$1.50
80c 2nd
Canada—
(s-a)—_
Water Light
t
;
(Holding)
dep.' rets,
11-30
25c
(iniital)
Cotton
preferred
25c
i
25c
Amer.
Class
;—
Neon Products of Western
25c
——
(quar.)
preferred
Class
Products Corp.—_
Steam
Naumkeag
1272C
(quar.)
common
;
Canadian
National Cash
.
4%
Gypsum $4.50 preferred (quar.)_—
Lead Co., 7% preferred A (quar.)_
Terminals Corp
•__
(quar.)
Byers (A. M.) Co. 7% preferred
Byron Jackson Co. (quar.)
10-17
11- 9
11-10
10-26
-11-30
preferred (quaf.).;
National
_______
A.___
Class
25c
Canada
Register (year end)
Container Corp.
(increased)
National
Co.
(quar.)
(increased)
Co.
Extra
1
r
Dairy
Wire
8c
Mills,
Burlington
11-
30c
(new)____-——
National
Y.)
(N.
Co.
Falls
Hills
10-17
>
National
;
—
>
2
12*1
"12-10
(quar.)
Trust
Fence
1
$30c
National
Buck
(quar.)
dends announced this week,
;
_.
Union Gas Co.
Brooklyn
Ltd
paid.
1-
62
_
preferred
11-
$1
$1.25
Narragansett Electric 47a% pfd. (quar.)
Nashville Chattanooga «fc St; Louis Ry. Co._
National Automotive Fibres,
Inc
7%
5%
Brown
give the dividends
11-26
m
(quar.)___;
Inc.—
(irregular)
,
Common
.".••75c;:*'''*T2«-1
$2
11- 1
5% 1st pfd. (quar.)—_
(quar.)—
Co.,
50c
(quar.)
Power
2nd preferred
Bronxville
(quar.)—
(quar.t
Co., Ltd.
weeks and not yet
Co.
11-20
$1.50
Light 8c
1
'11* 1
16C
& Rubber
Hose
11-
50«r.
Broadway Department Stores,
$1.20
Royal Hotel, Ltd
——
Supply Co.—
Biscuit
Co.
10-31
$1.50
-
.
1
Camden
V
Mountain Fuel
Murphy (Q. C.) Co.
Muskeag Steam Cotton
.
(quar.)
Brewing Corp. of America .(quar.).
British Columbia Telephone—
6%
10-31
62 %C
(quar.)__
Traction
1
$1
California Water 8c Telephone Co.—
(quar.)——-
Mtmising Paper Co;,
B.)
preceding table.
RR..(s-a)_.——
(quar.)—
—
Corp.
Dental Mfg.
Below we
11-20
1
l2- 1
Woven
12-
'
•
Special
2272C
20c
(quar.)—
_
Inc.
Cable & Wireless
11-20
7
12-
(J.
(quar.).»
Fund,
Brazilian
50c
Brake—
Manufacturing
B
Boston
50c
$1.75
.12-
12-
$1.50 y
Extension
Essex
&
Wheel Corp.
S.)
Co.,* Inc.
&
12-1
75c
___
(Sidney)
Company class A (quar.)__.
Boston
i__—
1 <i 12-
712- 7
10c 7/
preferred series B (quar.)____—
preferred series A (quar.)--————Merritt-Chapman & Scott Corp.—
672% preferred (quar.)—
Midwest Rubber Reclaiming
(quar.)—
Mission Corporation (irregular)--—
Mississippi Valley Public Service—
Common (quar.)
5% preferred (quar.)—
—
Missouri Public.. Service—.
Monsanto Chemical Co.
(year-end)
—
National
1-15
12-17
-
Woods
10-15
Extra
Williams
$1.3772
$6
Finance
(S.
Air
stock
common
Booth Fisheries Corp. $6 pfd,
Boston
Edison Co.
(quar.)
—
Wright-Hargreaves Mines,
Wurlitzer
(Rudolph) Co.
10c-
$5.50
Motor
——
12- 4
$1.25
—
Co.
10-20
11- 1
—
Motor
D.)
Westinghouse
White
10-25
10-15
$1.75
__
,
10-20
Class
(year-end)
Indies Sugar Corp. (s-a)__——
Extra
25c
25c
,—
*6272C
,
:___
12-15
Mead Corp;, common-—.---————
Mount
West
11-10
v
(quar.)
(S.
Warren
(quar.)ww.
10-20
10-20
,
preferred (quar.)____
___
fi
Ribbon Corp.
Ltd., 5%- pfd. (quar.)„
Ridge Corp., $3 conv. pfd. (quar.)
Payable in cash or l/32nd of a share in
Blumenthal
——
10-31
11-15
$l.t*
(quar.).
—
Manufacturing Co. (initial)
5%.conv, preferred (quar.)—-——
Morris
1
(quar.)
35c
McKinney
Extra
10-16
1
*15c
$1.75
common (quar.)_
(quar.)
Blue
_—
8772C
18%c
Bonding & Insurance (quar.)
Robbins, Inc., common (quar.)
preferred
$4
11-17
12-
25c
<'
——
McKesson
11- 3
1
11-
$7
Bon Ami
(quar.)^_____—___<—__—
United Gas Improvement Co. (irregular)^
U. S. Casualty Co., 45c conv., pfd.
(s-a)
U. 8. Rubber Reclaiming—.7. ^
8% prior preferred (accum.)
Universal Insurance Co. (quar.)^___
Waite Amulet Mines, Ltd.
(interim),
Walker Manufacturing Co. of Wisconsin-r
$3 preferred
(accum)
—_i_—.1—__
12-15
10-31
12-15 t 10-31
>11-30 ?• 11-15
12- 1
11-10
7»c
75c preferred (quar.)
Manufacturers Trading
1
11- 1
*
7»C
25c
Square Gardens
Manhattan Shirt Co. (quar.)—
1
12-
-
Extra
Madison
Massachusetts
12•
$1.50
Taylor, 6%
&
5
11-20
20c
Electric, common (quar.)
Birtman
——
preferred
7%
11-20
12-21
11-13
12-
12C 1
Lumber (Mo.);.—-—
1st preferred (quar.)„
Luther Manufacturing (quar,)——;
M. J. & M. & M. Consolidated <s-a)___——
Long Bell
Lord
*
$1-11-30
12-31
Extra-
Common
11-6
12-
$1
___
(quar.)
Inc.,
Stores,
Best & Company
preferred (quar.)____———_________
United Engineering 8c Foundry Co.—
11- 6
11-6
10-20
$1
(Md.t, class A (accum. >_
Bell Lumber
Long
$1
—*—
..
Shoe
preferred
77c
5%
M- 6
.
12-
tl27ac
■*
*
12- 1
1
12- 1
10-31
,
t25c
(monthly)--—
Pipe
Joint
Lock
—
1
12- 1
t25c
(quar.)----—
Groceterias, class A
Extra
12-
"
-11-15
15c
10-20
$1
__
CO.
Heminway
Berland
Storage
Common
11-13
11-13
i 11-3
12- 1 >
75c
*
1
(quar.)
(quar.)
Blue
Thompson
Union
11-15
50c
(quar.)
.—
United Biscuit Co. of America—
12- 5
10-20
10-23
—
(John R.) Co
_
Tyer Rubber Co., common (s-a»_:
6% preferred (quar.)—
-
$30
20c
$1.18%
Corp
Belding
1
50c
Chemical
class A—
1-
50e"
Co., com. (quar.)_
(quar.)**.—
Lindsay Light &
Ltd.,
Co.,
1-
75c7
Aircraft
Beech
Extra •
-
(initial)
preferred
-
•
(initial)
common
'
•
-
Class
11-15
Shoe,
8.1
Beech-Nut Packing Co.
'
50c
—
—
B
Loblaw
-
(A.
4%%
—
10c
627aC
preferred (quar.)
Class
11- 1
' 12- 1
12- 1
10-15
10-20
75c
'
(s-ai__.
50c
Extra
$2.50
25c
-
'—-
common
Lehigh Coal & Navigation
Liggett 8c Myers Tobacco
$6
Tampa Electric Co.—
—_——_Z———
Taylor 8c Fenn Co. (quar.)
Texas Pacific Coal 8c Oil Co. (s-a)
12- 1 '• 11-1
J 30c
t$l,75
(quar.)—
(quar.)
Inc.
Bryant,
Leath
Ltd.—
10-31
Inc.—
prior preferred (quar.)
1st preferred (accum.)
$3
_____
77c
prior preferred A (quar.)
—Stromberg-Carlson Co., common (year-end)
'67a% preferred (quar.)——
—
;—
11-15
(increased i
(irregular)
Strawbridge & Clothier—
—
(quar.)
preferred
7%
Lane
Corp.
Beck
Corp.
12-19*
;
;
(quar.)
8c Paper,
Baystate
—
(S.)
Stowell
(quar.)
Power
7:
10-29
10-13 V
(quar.)—.
class A
Co.
Bathurst
_i_—_
class B
11-
11-30
Mtge. Guaranty of Amer._
&
Oil
Barnsdall
Silica
Standard Tube Co,
1st
Common
conv.
Standard
Kinney (G.' B.)
Bond
Bankers
Corp.—
preferred (quar.)—
of Bee.
Payable
*5c
Babcock & Wilcox Company
Standard Cap 8c Seal
—
Co., Inc.— * *
$5 prior preferred
(accum.).—
Kroger Grocery 8c Baking, common
(Dallas)-—
Beaux-Arts Apartments,
$1.60
(Julius) & Co
Pipe & Supply
Kayser
11- 1
Extra
■■■■■■
Kable
Keystone
11-15
Share y
;.S: v''1:'
j;
Mines; (interim
Nichols 8c Co. $5 class A (accum.)_
Gold
Aunor
Austin
Co.
Brands, Inc.
Standard
Special*
474% preferred (quar.)—
Brothers (quar.)———
15c
Co
Name of Company
of Bee.
Holder4
When
"Per
Bolder*
Sparks Withington Co., 6% conv. pfd. (quar.)
Stamford Water Co.
(quar.)
preferred
5%
Payable
Quarterly
_~~
—
Central America -
International Rys. of
Gas
Life Insurance
Southwestern
12-1
.
Union
Southern
1
When
Share
When
rer
1"
Monday, October 29, 1945
FINANCIAL CHRONICLE
Connecticut River Power
6%
preferred
"
'$5
preferred
(quar.)_
6%
_—
—
preferred—;
Consolidated
Grocers
Consolidated
Paper Co. -{guar.-)csa
1—
3772cy
37V2C
■
11- 1
10-16.
-11-1
; 10-16,
Volume
Number 4433
162
THE COMMERCIAL & FINANCIAL
CHRONICLE
-
When
er
Hcltiert
■
Per
.
Name of
Company
Consolidated Natural
Extra
Steel
Consolidated
Vultee
Aircraft
Corp.,
Can
Co.
preferred
Paint
&
prior
12-15
t
B.)
end).
Oil
(increased)
common
Stores,
11-16
Hammermill
Paper
11-24*
12-15
11-30
11-16
11-30
11-16
Hartford
10-13
I
10-19
11-15
27c
10-31*
Hercules
12-15
12-6
11-
12-31
12-18
10-29
10-17
$4
6
6%
Chocolate
conv.
preference
1
10-
8
68%c
11-
1
11-
1
10-17
50c
11-
30c
10-31
$1.05208
10-31
„•
(quar.)
common
$1.50
(qur)
v.';?;-/
10-15
jl
10-
8
$1
11- 1
,
6%
.
preferred'--^
Culver
&
Port
..;
Clinton
•■./
dividend
M!4!4% preferred
(quar.)___
11-
11-
10-25•
1
12-15
5
;
11-20
12-15
12-
1
40c
11-23
11-
2
11-
10-19
11-30
11-20
12-21
12-11
1
Hormel
6 %'
$1.75
10-22
Horn
11-20
10-31
11-1
10-11
12-
11-
$37'4c
7%
..
217'/2c
12-
1
1
1
11-
1
10-31
25c
s
10-1
11-
1
preferred
11-
1
10-22
75c
12-
$2
50c
(quar.)
1
1
:
n-20.
Dominion Tar &
&
Dow
Drug
9-29
10-22
10-31
10-17
1
11-
1
Oil
2-1-46
12-31
120c
$1.25
[$5 preferred
6%
;
Elmira
11-
10-31
10-
1
International
10-
2
11-
1
11-
1
12-
1
11-
1
10-25
12-10
it
11-15
30c
11-
1
11-
5
11-
1
$1.50
11-
1
$1.14
_—
11- I
.,•7%
Fair
Coe
.'
Associates
,7%
6
10-
6
^
'■
t
5%
1
11-16
11-
1
10-15*
12-
1
11-15
11-
If-
10-20
Kalamazoo
Alleghany
$1.50
.___
11-
1
10-20
Kalamazoo
Stove
Increased semi.-annually
v
all
12-00
12-1*
30c
12-10
12-1
37'4c
10-30
10-20
$1.06V4
10-30
10-20
4)4%
Insurance
(s-a)
preferred
Foote Bros.
(Newark,
N.
&
West
Wood
General
General
Co.,
Rapids
preferred
Corp. 7%
10-15
Klein
General
Foods
General
Industries
General
Mills
Public
11-15
-
Special
150c
12-
1
11-15
7%
U-l
10-20
Kokomo
11-
10-20
Kresge
25c
-
5c
—
11-
12-15
25c
1
1
10-31
10-31
11- 1
11-
10-20
1
15c
11-
1
11-
1
La
10-20
Water
7%
"Laura
Secord
Lawyers
11-10
6%
40c
11-15
10-26*
Lebanon
11-15
11-
Lee
11-
1
10-10*
1
1011-
Steel
Castings,
Steel
Wares
•
1
10-17
10-23
v1
10-23
10-31
$6 pfd. (accum.)—
(interim)
com.
preferred
(quar.)
Gibson Refrigerator Co.
(quar.)
Gillette Safety Razor, $5 preferred
>—
11-15
t- 120c
.
11-
r
:
Graham-Paige Motors Corp., 5% pfd. (quar.)
Great Lakes Dredge & Dock Co. (quar.)___
(H.
Greenfield
L.)
Co.
Gas
preferred
Light—*»•••$
(quar.)
—
Casualty
-rrr}
•v
Link
Insurance
11-
—
11-
1
10-
14
11-
1
31'4c
.11-
1
10-23
Lockheed
10-30
Loew's
4*4%
com.
Class
preferred
A
Aircraft
(quar.)_^
pfd.
11-
1
(quar.)
'
'
_..
Extra
Co.
—
(quar.)__^
5
$1.75
12-31
12-10
Benef.
i'
pfd.
50c
9-26
1
10-16
1
10-16
11-1
10-15
12-
1
11-20'
11-
1
10-15
25c
50P,
11- 1
,c
10-18
llr. ,1
10-18
Leather
-
15c
■
$1.62*4
1.
'
11-'1
10-20
11-
1
10-22
11-1
10-19
11-
1
10-19
12-
1
30c
11-1
10-20
11-15
97'4c
9334c
11-
1
10-15
11-
1
10-16
$1.25
11-
1
10-15
11-10
10-11
$1
;
25c
11- 1
11-27
:
96*4c
('quar.)
10-
1
-10-31
11-27
10-31
25c
11- 5
10-25
11-5
10-25
25c
:
11-
10-15
25c
37'4c
(quar.)
4
1
11-1
10-15
11-
10-15
1
$1.50
10-31
10-11
25c
1-5-46
12-15
1-5-46
F.)
Co.
Co., 7% pfd. (quar.)
Corp.
1-1-46
87*4c
$1
10-26
11-1
10-26'
12-15
11-30
4V:
20c
10-30
10-15
$1.25
10-30
10-15
$$1.75
______
12-1
10-26
50c
11-15
;
:
(quar.)
5934c
10-31
11-15.
$1.50
______
preferred
12-14
1
22*4c
,
_____
common
12-12
1- 2
11-
15c
:
pfd. (quar.)
(quar.).
^
.
Falls
12-12
conv.
common
(quar.)
Gas
1-1-46
common..,
(quar.)____
60c
11-10
10-15
37*4c
common.,
11-26
11-1
62'4c
Co.,
Corp.,
12-15
35c
50c
Co.,
& Rubber
Corp.. 4*4%
Extra
V
50c
(quar.)_
preferred
Oswego
11-15* Ml-
$2
»
(quar.)
'Oliver United Filters class A (quar.)
"Ontario Steel Products, common (quar.)
7%
preferred (quar.)_
;
v
12-15
$1.18%
(quar.)
11-
1- 2
Bancorporation
Engineering Co
Company
10-28
10-16*
10-15
A
Okonite
11-
10-20
1
1
$1.05
(quar.)
..15c
10-30
6*
11-
4:
Corp.—
Hampshire)
preferred
Oliver
10-15*
50c
4%%
12-22
1
11-
50c
(s-a)
class
Oklahoma Natural
1-15
11-
25c
(quar.)____
Consolidated
11-15
2-1-46
10-22*
Corp.,—:
10-15
1-2-46
11-
1
SI
Corp., common
preferred (quar.)
(New
10-15
12-10 '1
12-
50c
Int.—
(accum.)
Oil
11-1
1
20c
$1.07
$1.25
(quar.)
r
10c
Loose-Wiles" Biscuit
5
10-31
11-8
$1.75
1
$2
-
1010-
11-15
;
12-
$1.12 Ya
(quar.)__
10-15
;
of
Oglivie Flour Mills Co., Ltd.—
7% preferred (quar.).
3
10-15 *
75c
11-
$1.12*4
Corp
Theatres
12-
25c
(quar.)
(quar.),
Pipe Co., 8%
Boston
A
10-26
50c
.
Corp.
;
iOMS;
1
(accum.)
preferred
Nunn-Bush
:5%
11- 1
12-20
25c
(Chas.
Nu-Enamel
1
12-
11-10
11-1
::r.J;
Aircraft,
Preferred
Noyes
6%
$1.10
11-15 i
1
II-
B
Norwalk Tire
I?
"
12-15
12-
25c
(quar.)
pfd. (quar.)
preferred (quar.)__
Finance
Illinois
RR.
Northwestern
10-20
25%
preferred
Lock Joint
,11-^ ^,10-15
11-15
11- 1
C f
12-1
...
conv.
Co.
~
9-20
25c
i__
(quarj
Carbonic
4*4%
10-22
.
10-15
Class
(Tenn.)—
(year end)
Corp.
Co
Belt
Liquid
10-22
75C
Northrop
12'4c
dividend
Savers
1
v
10-15
30c
1
Vv/;
&
$1.30
1
.
11-15
3
50c
convertible
10-19
Stock
11-15
11-1
Northern
Northern
11-
11-15
11-15
1
Northwest
$1.12 y2
:
11-15:
12-
8c
(irreg.)
Northwest
1
.'
12-3
.
12-28
j
10-15
&
Brake
preferred
12-21
11-
•••:
10-25"
12-1
(quar.)__
American
10-13
1"
,
1
12-31
V
11- 'I:
$1.50
(quar.)
preferred
North Shore Gas Co.
11-10
12-
t* '
11-15'
$1
(increased)
Corp.
Extra
1
11-
50c
North
11-15
;11-
25c
10-15
11-
'25c
'
(quar.).
5*4%
11-12
11-5
1
11-15
11-15,
11-1
$1.50
v
(s-a)
5%
preferred
$2c
10-16
12-15
6%
25C
1
3
12-15
50c
-$1.25
10-15
5
\
11-iA''
'■
; :•
40c
?
Company,"'
Power & Light, $3.90 pfd.
(quar.)
(J. J.) Co., 334% pfd. (initial quar.)
A
Gold
Life
10-
Class
10-15*
Lincoln National Life Insurance Co
1
9
11-15
1.
1c
(quar.)
Inc., 434%
American
10-31
10-17
10-30
North
11-
10-
11-
,$1.25
11-20
11-20
50c
Life
B
10-11
11-
12-
'.12-15
(extra)
1 r
11-
11-101
:;4'
11-
c
10-16
11-io-
1
-.-t.
Newport News Shipbuilding & Dry Dock—
$5 convertible preferred
(quar.)^
Norfolk & Western Ry., adj.
pfd. (quar.)__
11-1
1
1
12-
10c
Newberry
11-
1112-
•
i' 12-15
(quar.) 4..':
10-15
75c
■
$1.10
2-22 5
$2.25
Merchandise
$1.50
Liberty Loan Corp., $3.50 pfd. (initial) (quar.)
2-22
'
10-15
$3
Mines, Ltd.
(quar.)
;
Lerner Stores Corp.-4*4% preferred (quar.)
Lexington Telephone, 5.2% preferred (quar.)
Liberty Aircraft Products Corp.- (quar.)
4-1-46
11-23 i
15c "
1
$20c
—
$$1.25
(quar.)
class
Service
York
Insurance
Tire
11-23
'
'
11-
$1.94
'
1-1-46
^ 25c■
10-31
56'4
Shops, Ltd. (quar.)_.
Corp. (Va.) —
1-1-46
4-1-46
$1.50
pfd. B
Air
Gas Co. 6% pfd. (quar.)
Corp. (quar.)
Portland Cement Co. (quar.)
i—
&
6%
York
New
25c
(s-a)
$$1.75
$$1.75
$$1.25
—
common
Corp.
New
New York
12-12
3 ;
;•
Manufacturing
Products
preferred
10-31
$1.75
Valley
Rubber
Co.—
-
North American Investment
u.
11-
t
7%
10-31
12-12
12-1
11-
v
(quar.)
(initial)
&
Co.,
Bros.,
11-20
$22c
Candy
Linen
11-20
40C
(initial quar.)__
10-15 '
1
75c
(s-a)
New Haven Clock Co. 6*4%
New Process Co., common
11-30
20c
(quar.)-
common
10-15
11-
$1.50
-
$1.50
(quar.)
;
10-25
.•>;#1.711
Neptune Meter Co., 8%
New England Fund Ctfs.
Quarterly
9-28
30C
—
preferred
50c
__
pfd.
11-15
$$1.25
15c
(quar.)_
Goodyear Tire & Rubber Co., common
$5 convertible preferred
(quar.)
Gotham Hosiery Co., Inc.
(quar.)
10-15
Title
Food
Leitch
8
1
6%
'
2
11-15
«,
13'4c
v
Co.,
Corp.
Co.
Distillers
Lehigh
5
1
.Service, $5.50
preferred (accum.)
General Shoe Corp. (quar.)___.
Co.
-
-
1-
•'
Lead
11-30
12-20
1-12-46
$$1
34%c
(increased)
preferred
11-10
1
12-20
$1
preferred
Battery
8c
Ltd
Machine
convertible
50c
-—
Luz Mines,
11-25
37'4c
Works
Co.
11-
5%.
(quar.)
Lane Bryant Co. 4*4% pfd.
li-25
(quar.)_
Fund
<S. S.)
25c
.
$2c
11-15
/■
(quar.)
Neiman-Marcus
10-25
25C
—
(quar.)
Stores, common
preferred (quar.)
Landis
^
10-13
$1.75
(s-a)
Inc.
& Co. (quar.)
Kroger Grocery -& Baking Co.— '
7% 2nd preferred (quar.)
10-15
11-15
75c
(ruar.)__
Co.,
___.......—.
Kress (S. H.)
10-15
:;'$6
General
&
1
12-15
ic
National Electric Welding
1
1
10-15 1.
1) Ml-
11-15
:
(quar.)
National
4
11-
12-
k
National
10-15
$20
11-1
12-15
(quar.)-
...
......a...—
Extra:.
10-15
15c
(quar.)
General
10-15
10-
;
;
Kobacker
11-30
f 11-
$1.25
__
1
11-15
.
$4
•____
Co
Corp.; $5
Emil)
•Knickerbocker
tl-20
pfd. A (s-a)
preferred
General Outdoor Advertising 6%
General Paint Corp., common
General
1
1
15c
(initial)
General Motors
12-
12-
(s-a)
Corp.
(D.
30c
5%
2
11-
10-15
4c
National Casket Co., Inc., com.
(increased)$7 preferred
(quar.)
5
11-20
10-15 "
10-15
•
Chemical
10-30
1
1
$1.25
(s-a).
Inc.—
Cylinder Gas Co.,
preferred
(quar.)
$50
11-
11-1
$2.25
A
Mining & Develop.
National
87 *4 C
1-1-46
11-
;—
Naugatuck Water Co
;
.
3'
37*4c
(quar.)
National
(quar.)):
Mines
1
$1.75
Co., 6% preferred
Chemical Co. of America—
Neisner
11-15
Gold
10-15
»$1.50
Common
•
Quarterly
;
Kirkland Lake Gold Mines
junior preferred
11-
$$1.75
National
11-15
1
12-
(quar.)_«
Oil
National
____
12-
10-31
12-10
$1.62*4
preference
Producers
National
_
—:—.__—
1
11-15
$2-'
conv.
10-17
10-30
12-
Manufacturing Corp.—
4'4%
$22.50
5
$
-
$1.50
-
&
1
10-
5
10c
10-17
12-
1212-
1 :
25%
Implement—
1
12-15,
10-19"
,
Kings County Trust Co. (Brooklyn, N. Y.)—
>,
(accum.i
10-20
10-31
1
$91
(quar.)
(accum.)
11-
10-16
7%
Kerr-Addison
10c
General Finance Corp.
preferred B
preferred
1
11-
$1.50
11-
11-15'
Baking Co., common
Cable
11-
10-19;
J20c
(quar.)
preferred
6%
RR.
10-16
10c
$3
10-15
(quar.)
11-15
Industries
Gardner-Denver
%
Grand
10-1
—
(irreg.)
1
2c
10-16
17'4c
Franklin Telegraph Co. (s-a)
Froedtert Grain & Malting (quar.)
% Special
M 6
&
shares held.
■
Co.
11-
......
1
-
Sixth
10-11
$1'
11-
$1.12'4
Co.
10-18
1
(quar.)
Stock dividend
Machine, common
preferred (quar.)
11-25
1
11-
Kellogg Switchboard & Supply, common
Ken-Rad Tube Si Lamp Corp.—
Liquidating cash dividend
Liquidating stock dividend. One share of
Westlnghouse Electric Corp. for each five
J.)—
Gear &
Kleiser
1
11-
79c
•>
11-1
Narragansett Electric, 4*4% pfd. (quar.)
; ' 456*40
11- 1
Nashua Manufacturing
Co., 1% pfd. Class G
4 $1.75
1- 2
Nation-Wide Securities Co.
(Colo.)—
;'•'*./'
£4*"' 'v'
Series B
(irregular)
5cJ;\lI-vl
National Automotive Fibres—
Vegetable Parchment Co.—
Common
Co.—
(interim)
12-
$1.06 V*
11-
$1.75
-••••
Muskogee
10-15
$1.25
(quar.)
Ltd.
convertible
Four-Twelve
Green
11-
1
^—
Rubber
&
Aircraft,
5%
10c
12-15
11-15
30c
;
,
-
/(Cleveland)
$7 preferred
10-22
25c
Philadelphia
(quar.)
(s-a)
Fitzsimmons Stores, Ltd.—
7%
preferred (quar.)
6%
10-31
11-
Extra
Gar
62'4c
$1.50
pfd.
6%
...
prior lien
Power
preferred
10-M
2
<
'
10-31
(quar.)
10-11 i
1-
$1
pfd. (quar.)
(stock div.)
Chemical Co., $4.50
pfd.
B (s-a)
Plan
Mutual
10-25
11-10
25c
6%
12-14
20C
7%
Investors Service,
Mullins
10-15
$1.25
pfd.
Furnace
Kentucky Utilities Co.—
$4
11-30
11-15
—J.
Kalamazoo
Stores—
_
60c
&
Extra
$1.25
12-15
1-2-46
3*4%
Corp.
10-11
1
11-15
50c
preferred
Mountain
$1.50
;
4*4%
Inc.,
1
11-
v
1
15c
Extra
11-10
1
11-
Corp
Diablo
1
11-1
(quar.)_I_
common
(quar.)
Co.,
50c
$1.75
(quar.)—
.
Tire
Mount
20c
pfd. (initial)
Johnson & Johnson, 4% 2nd pfd. A
(quar.)
Johnson Ranch Royalty Co., Inc.—
11-17
Foster
preferred
Tea
Mills,
Dry
Morris
11-15
25c
Co., common (resumed)
preferred (initial quar.)
Knitting
conv.:
partic.
10^20
50C
—
20c
Oil
Quarterly
—.....
11- 1
37*4c
:':
Moody's
—
11-
2
25c
York
7%
11-15
(quar.)
common
& Elec.,
12- 1
L.)
Johns-Manville
11-30
Fleet
(F.
Co.,
10-18
1
4
(quar.)__
lien 4quar.)
preferred
I
10-13't
11-1
12-
62*4c
Inc.,
50c
12-
Coal
20c
$1.25
$4 preferred C (s-a)
Montreal Cottons, Ltd.,
12-
1
J55*4c
(quar.)
common
New
"7%
30c
Creek
Co.,
of
10-2
,11-1
11-28
i :r 10-19
.
10-2
*
11-30
11-
(quar.)
11-
25c
10-15
11-
;
iquar.)____
(quar.)
11-1
87'4C
1
25c
Ltd.
common
preferred
Monsanto
$3
1J-15 V
n_
$1.25
Frank
prior
$4.50
11-1
43-ttc
_.
•
-
50c
Light, S6 pfd. (quar.)_
Monarch Knitting
Co., Ltd., 7% pref. (quar.)
7% preference (quar.)
;
5% preference (quar.)
'-./.'sr 5% preference (quar.)
Monongahela Power $4.40 pfd. (initial quar.)
11-.5
'
10-15
<quar.)___
Co.,
Mississippi Power
10-31
Jewel
1
15c
Increased
10-15
12-1
;
1
i-
Minneapolis-Moline
10-31
11-15
1
■■r
Brewing Corp. (quar.)—.
Fansteel Metallurgical Corp.—
$5 preferred
(quar.)
Federal-Mogul Corp.
(quar.)
Federated Department Stores, com. (quar.).
414 % preferred (quar.)
Firestone
12-15
1
11-15
10-15
11-
(quar.)
t$1.75
: t8®/-0
, (quar.).
Corporation
(quar.
12-
Falstaff
Firemen's
30c
$1.75
11-2
1-30
10-17
10-31
12-
75c
10-23
of
1
11-2
■30
5%
11-
Fire Association
3-
Educational
Jacobs
11-
*
10-19
12-1
III-15
$1.50
Publishing
1st
$6.50
1
1
Petroleum Corp.
(irreg.)
Co., common (quar.)
preferred (s-a)
Miller & Hart,
Inc., $1 prior pfd. (irreg.)__-'v.
'vV
12-
1
8%
9-28
10-10
10-19
$6
prcfererd
(quar.)
Jacksonville Gas.. Corp.
$1.50
Shoe
1
2
12-
Shoe
Mission
11-
11-20
11-
(quar.)
Co.
Stores
&
Midwest
9-21
u-1
50c
common
preferred
Curme
10-31
7
11- X
11-15
1
$33.25
&
20c
$1.25
and
Jantzen
_
preferred (accum.)
Fibreboard Products, Inc.,
12-
11-30
75c
Mid-Continent
10-15
3-9-46
$1.25
$7
10-25
$1.62*4
Island
(quar.)—_—
Feltman
3%
10-
10-19
9334c
$6 preferred (accum.)
6%
preferred
(accum.)
;
10-31*
50c
11-30
....
.
6%
1
20c
11-30
(accum.)_
preferred (quar.)
preferred (this payment clears
arrears)
Fairbanks Co.,
11-
(quar,)_«._
40c
(quar.)..„~—$1.124
11-30
(quar,)^i_^—25c
preferred
6%
(The)
10-
••
Electric
preferred
$6
10-15
12-10
Securities, Ltd.—
Group shares._
Bond Group shares
Iron Fireman Manufacturing Co.
(quar.)
Ironrite Ironer Co., 8%
pfd. (quar.)—
$86
Gregg, Inc.
preferred (quar.)
1
Aviation
:>
$75.25
.
&
11-
4
10-15
$1
$1.62'4
10-20
12-
$1.25
$69.87'4
Railroad Co.—
Faber
12-20
11-20
10-31
42*4c
;
Bank
1
ll-20;
10-15
(accum.)
Stores
11-
$1
common—.
(quar.)
preferred
Merchants
12-30
40c
10-19
10-31
Mercury Mills, Ltd. (interim)
Metropolitan Paving Brick, 7% preferred-^.
1
$1
25c
1
$1.25
(quar.)
Mercantile
11-5
(quar.)
pfd.
11-
411-25
(s-a)
11-
i5c
Michigan Gas
pfd.
30c
20c
10-19
2oC
(accum.)
11-30
preferred—$64.50
5%, preferred (quar.)
Eureka Pipe Line Co
11-18
;
Institutional
10-27
■<-:
$1.25
conv.
1
Stock
————
__
1
11-15
preferred
Intertype
10-15
25c
12-
(quar.)
.
$3
6%
$1.25
1st
conv.
common
preferred
$3.50
;V 10-15
$1.12*4
1
Ml-
(quar.)
preferred
(quar.)
preferred ($5 parV (quar.).*—
International Products Corp
International Utilities Corp.—
*
10-19
1
f
10-15
56'4c
7%
; 11-24
20c
,,
12-
1
Co., Inc. (quar.)..
Corp.,: common (quar.)
4%
preferred
(quar.)_
Mercantile Acceptance
Corp. of California—
12-1
15c
(quar.)
7%
11- 1
20c
—
11-15
6%
Employers Group
Equity Corp.,. $3
6
25c
1:
$1.50
common
.....
11-20
5c
Co.
preferred
preferred
Meier
10-20
11-
Hegeler Zinc—
5%
Publishing—
$3.50 preferred (accum.)..
International Harvester, 7% pfd. (quar.)
International Nickel Co. of Canada, Ltd.—
10-15
11-
Electric
Erie
1
11-20
$5
Empire Gas & Fuel Co.,
614% preferred
8%
44%
,
$12'4c
U-
'
Interchemical Corp., common
9-29
1
(s-a)
5% pfd
7%
11-20
35c
10-23
30c
$7
5%
6%. preferred
(quar.)
Meadvilie Telephone
Co.,
v;P 5% preferred (s-a)
Chemical
110c
(quar.)
District
10-23
10-30
10-30
stock_______
Extra
10-11
1
$2,916
,
Co.—
RR.
1
11-
5
25c
(quar.)
Corporation
McLellan
10-27
11-
,(quar.)^--_^-^v--r»---'----r
Co.
10-
$$1.37*4
(quar.)^.————.1.^—.
Share
preferred (quar.)
&
Williamsport
Empire
1
CO.,
Zinc
10-31
.__
Works
&
11-15
:
;
Melville
Industries, Ltd.—
shares (interim)
Incorporated Investors •
Indiana Associated Telephone
Corp.—:$5 preferred (quar.)
Industrial Silica Corp., 6% pfd. (accum.)..
6% preferred (accum.)
*
10-16
15c
preferred
10-27
400
(
II-
4-
Mclntyre Porcupine Mines,
,10-17
c
&
McGraw-Hill
1
10-16
11-15
30c
McClatchy Newspapers, 7% pfd. (quar.)
McCrory stores Corp. 5% pfd. (quar.)____
■.
11-15
Ordinary
9-30
Co.
Dorado
'.
11-15
50c
initial
Co.,
preferred
McGraw
.11-21
$1.50
(quar.)
preferred
Imperial
.10-16
_
*414%
5
11-15
11-
(quar.)
(quar.)
preferred
Power
4%
Illinois
10-16
1
120c
(quar.)_—
(annual)
Corporation (s-a)
Manufacturing
Eagle-Picher Co. (increased quar.)
Eastern Corporation
Ekco
Products,
common
El
1
11-
Dwight
Electric Bond
11-
11-
2nd
Idaho
10-10
U- 1
preferred
$1
10-10
10-30
120c
$75c
Worsteds
Duro-Test
*:■:
.12- 1
$2.50
(Tom^Peanut Co.
130c
Chemical, 5*4% pfd. (quar.)
Woolens
1
10-31
preferred
Huylers, $2 partic.
10-13
137V2c
—
Douglas Aircraft Co., Inc.
.
1st
McCall
Huttig Sash & Door Co.—
8
15c
(quar.)
.
Dominion
1
11-
2-
50c
—
Extra
v>:
12-
1,
Drydock
preferred
■&.: Extra
l.;- ^ 10-15
50c
1st preferred B
Huston
11-20
25c
.
Linoleum
i-, •'
25c
preferred A
Hussmann-Ligonier Co.,
130c
_
7%
$3.75
$6
1-15
25c
$1
12-24
11-
t$1.25
Fabrics, Ltd., common (quar.)—
preferred (quar.)
(quar.)
i
Dominion Malting Co., common (quar.)
Common
(quarterly)
preferred (quar.)___
&
12-
-11-
(quar.)
11-20
12-
9c
preferred
Oilcloth
Y.)
1
3-1-46
75c
-
Dominion
Dominion
preferred
5%
1st
30c
(quar.)
Bancorporation,
Maytag Co.
10-15
•
$1.50
common
"(N.
Co.
1
12-15
,25c
(quar$
•
Hardart
1-25
11-
30c
Hummel-Ross Fibre Corp.—
$1.50 preferred
(quar.)
12-
$1.37*4
preferred (s-a)
Diocesan Investment Trust <quar.)
Distillers Corp.-Seagrams, 5% pfd. (quar.)—
Dixie Cup Co., common^-__»__-__-_----Dome Mines, Ltd—
.;
Domestic Industries, $2 preferred (quar.)—
Dominguez Oil Fields (reduced)
•_—_
jCoM
12-24
$1.75
-
participating
2nd
$4
6%
,
Diamond Match Co.—
6%
preferred
&
$2.25
;
A.)
Howes Brothers
10-22
75c
—
6%
(Geo.
v
$1.25
(Joseph) Co., 6% preferred (quar.)
Houdaille & Hershey Corp., $2.50 class
A__
Houston Lighting
Power Co.—
5.
Stockyards (Colo.)—
(quar.)
(quar.)__
common
$1.75
;
preferred (accum.)
Department Stores
May
,t
—
"
preferred
Light,
Horne
$1.25
Co., class A (quar.)—
Class B (quar.)„_.
;
Delaware Power & Light Co., common
Dennison Mfg. Co., 8%
deb. (quar.)———
$6 conv. prior preferred (quar.)——
Dentists Supply Co. of N. Y;, pom. (quar.).
7% preferred (quar.)
11- 1
25c
•..
15c
.
5%
Hires (Charles E;),; Co. (quar.)«,
Holly, Sugar Corp. (q^uar.) ^-^*.^^.^^.
Holt (Henry) & Co., Inc.—
;$1 class. A.
::
Holder's, Inc.
(quar.)
10-17
$1.12
Leather
5'4 %
11-15
$1.12*4
,
______
Common
.Monthly;^
Higbee Co.,
,$3
'25%
_________
Manufacturing Co.
(Mo.)
Dallas Power & Light 4& % pfd, (quar.)_—
Dallas Railway & Terminal Co.—
7% preferred (quar.)—
Darling (L. A.)
Co
;
Davenport Water Co. 5% preferred (quar.)
Denver Union
■
..
5
10-10 X
;
Monthly
Monthly
Hilo Electric
Curtis
Davis
•
Co.—
RR.
Extra (s-a)—... —; 12%o
Cuheo Press,' Inc., common———37 ¥2c
Stock
■
I-
1
Fully participating
Marshall Field & Co.
,
8%
preferred
(quar.$2
Cudahy Packing Co., common (special)——
30c.
%'/% preferred (initial)
'—-————
$3.50
<s-a)__
1
12-22
11-15
11-
Matthiessen
10-25
1-2-46
35c
V.
Maryland
.10-29
$1.62*4
11-
$1.06*4
10-25
y 11-15 v
50c
12-13
>
(Phila.)
12-10
10-17
88c
(quar.)
10-17
1
12-15
11-2
15c
Manufacturing Co. (irregular)
Hibbard Spencer Bartlett & Co.
11-
2
11-15;.
15c
Hettrick
pfd.
1
12-29
$1.50
(quar.)
6*4%
11-
12V2C
1-
Marine
8
10-
Co.
11-20
$3
11-15 ;■»
75c
(quar.)
1
RR.
1
f.
11-20
12-
$2
1
Maguire Industries, Inc
Marathon Corp. (quar.)
10-15
$1,624
(irreg.
of Rec.
12-
Lynchburg & Abingdon Te.egrapn Co. is-a)
Macy (R. H.) Co., Inc., 4*4%. pfd. A (quar.)
10-15
(quar.)____
Nashville
Lumbermen's Insurance Co.
Lynch Corp. (quar.)
10-25
1 "V
&
Common
'
10-20
10-29
&
Taylor, 8% 2nd pfd. (quar.)
Angeles Transit Lines, common
Power & Light $6
pfd. (quar.)__
Lunkenheimer Company,
11-24
'<
1
11-
preferred
Corp.,
1
68%c
;;
(initial)
Powder
Hershey
11-15.
k
preferred
11-
$1.25
25c
Louisville
Holder•
Payable
>
(quar.)
Louisiana
11-15
pfd. (quar.)__
(irreg.
Corp. of America
Company common
334 %
11-
40c
Los
11-16
1 U
participating prelerred
Lord
C
11-16
When
Share
Co.—
Extra
12-12
i
12-10
11-
5%
10-24
11-15
$l,37Va
(quar.)
Haytian
10-29
5o
43a4c
(quar.)—
Crura SeForster Insurance Shares—
Light
Hartford Times, Inc. 5*4% pfd.
Hat Corp. of America, 6y2%
.
1:".: 11-1
50c
Electric
12-
15c
(quar.)
1-2-46
£$1.25 4 12-
preferred
Co.
Plywood Corp. (quar.)
Harris (A.) & Co. 5'4%
pfd. (quar.)
Hart, Schaffner & Marx
Hecht
_—___—.,
25c
;
Name of Company
11-15
,
12-10
v
25c
: t
Harbor
11-1
12-10
25c
(quar.)
1
1-2
25c
_____
Per
of Re0
10-31
$2.50
•••'
>
Longhorn Portland Cement
10c
12-15
II-
12-
15c
'2001.
■
1
■<
:
3434c
pfd
Holaert
Payable
,t
.
(quar.)
Inc.
12-19
20c
—
Share
.
■
Co.
75c,
Y'X'l'i 25c
—,
.
—
$5
;
Bros.
Hallicrafters
^
M,
Corp.,
RR.
Special
Hale
„
,
Brewery—
Ohio
U-~5 ?
60C
(quar.)
convertible
Guif
2.
11-16
(N. Y.)
Corrugated Paper Box Co., X»td,-—
com.
11-
1
&
11-20
r
933/4C
(quar.)
—
Seal, Inc.
$2.25 preferred
Crown Drug
Mobile
5c
___
Crown Cork &
Gulf
25c
___
—
.
Western
preferred
(quar.)
Store Products Co
Grocery
11-14
(initial)
(quar.)
Co
preferred
12-
5'4%
Name of Company
'
;
Griesedieck
10-15
-11-15
75c
__
common
1
31V4C
—
Co.,
11-
50c
(quar.)—
Varnish
preferred
(W.
Engineering
(year
Quarterly
7%
1-2-46
59 %c
—
Corn Exchange Bank Trust Co.
5%
«,
com
$5 preferred
of America (year-end)
Corp.
Continental
Coon
10-15
Jl
(quar.)
Continental Aviation &
$3
L
10-15-
11-15
(irreg.)
Power,
"
$3.75
Rec.
11-15
$20c
(irregular)
Ltd.
Corp.,
preferred
Consumers
Container
r*
PUyUOie
50c
(s-a)~
class A
Press,
Consolidated
Cook
are
50c
Consolidated
$1.25
Gas
__
When
11-
$1.12*4
50c
10-31
410-18
10-31
11-
1
$25c
11-15
10c
10-31
10-20
.
11-15
$$1.75
10-15
(quar.)
—^
'
5c
10-15
.
10-15
10-20
Ao-31 "10-20
;-
■■
When
Holdere
Payable
of Ree.
per
Name of Company
5
Share
■'
170c
J Outlet Co.
V 11-23
-V
11-15
10-15
preferred
Co., $5 1st
Pacific Coast
;
—
of California—
5% preferred
(quar.)
Pacific Gas **u Eitctnc, b% pld. (quar.)—
5Vz% preferred (quar.)
Pacific Finance Corp.
v
(
5%
Corp.,
Lighting
Pacific
(quar.).—
common
Cement Co.—
preferred (accum.)
....
—
& Light Co., $6 pfd. (quar.).
7%
preferred (quar.>_.__
Pacific Public cervice, $1.30 pfd. (quar.)...
Pacific Poitiand
6'/2 %
*
$1.75
350
5% preferred (quar.)__.
Standard Forgings- (initial)
50C
12-10
Standard
Stoker
Wholesale
37 VaC
tic
Paymaster Consolidated Mines, Ltd. (interim)
Peaslee-Gaulbert Corp., (quar.)..—
f Peerless Casualty Co. (s-aI
——~—
250
Corporation
(irreg.)—
Company—
Pennroad
10-30
1-10
10*31
11- 1
400
1
Common
(year-end)
Stanley Works,
—
class A (quar.)
—
$1.40 class A (quar.)—.
Penmans, Ltd., common (quar.)..
*
(quar.).
preferred
6%
7%
.
——
Pig'n Whistle Corporation—
$1.20 participating preferred
$1.50
12- 6
11-1
$1.75
11-
2 Vi %
Tampax,
50c
11-15
Tennessee
$56
11- 6
41'Ac
11-
11-
1
58 Vic
12-
1
1-2-46
11-1
58'/3C
50C
12-
50c
1
1-2-46
50c
U» 1
41%c
12-
41 Vac
1
1-2-46
41%C
.
11*30
10- 8
Tung-Sol
10-20
11- 1
10-19
Union
$5
11- 1
10-18
preferred (quar.)
$4.50 preferred
(quar.)
Union Oil Co.
(Cal.) (quar.)__;
11-
10-20
Class
11- 1
58'Ac
77c
prior
10-20
I'/o
S.
1
11- 1
10-10
W. Fine
&
6.36%
prior
preferred
(monthly)
53c
12-1
6.36%
prior
preferred
(monthly)
53c
n-1
10-15
6%
50c
1-2-46
11- 1
11-
1
10-15
50c
50c
12- 1
1-2-46
6%
5.:
5%
5%
;
(quar.).
(quar.)
—
41%c
9-30
11-
1
t7c
Assn.
Loan
11-
5
10-
5
11-
5
10-
5
75o
17'Ac
12-31
(quar.).^
.w..r;
12-30
S.
Loan
Society
...
50c
11-10
10-20
11-
10-10
$2.50
1
11-15
11-
11-
6
Corp., Ltd., 6%
Leaf
1
10-19'
Waltham
10-39'
Warner &
12- 1
Warren Brothers Co. Class
lc
ll-l
10-10
35c
11-
1
Ci|y Gas-& Electric Co.,
11-1
10-19
1
SMSy
CHI
dividend.
this
for
i
Gorporation and
Co.,
-
with
commis¬
a
T
<w;
r
the
purchased
has
subsidiary,
a
>
stock
of
•.
•„
company
and
owns
30
operates
and
stations
b\tlk
purchased last April by R. S.
and George B. Cramer President, whose-'father
company
O.
was
:
„
-
.....
'-'j
...
C.
1944
-8,838
for taxes——.
$984,833
902,266
925,585
'
:
$994,215. $1,188,518
' 883.312 '
821,782
$366,7,36
$110,903
$82,567
*$170,681
139,566
199.939
223,352
8754,904
declared
Dividends
..
<
1943
1942* .
$1,218,531
$1,378,484
24,377 50,400
'
$1,230,007
21,823
260,418
-
+Net income
..
11-
1
10-10
35c
11-
1
10-15
11- 1
10-15
15c
12-
1
11-17
11-15
11-1
i
11-17
$1.50
25c
13-
B
7%
5%
5%
preferred
preferred
(quar.)...
West
conv.
•'"^ V";-i
com.
10-15
7%
10-30
p|sr_r
U.
(quar.)__
Co...
$1.75
^
shrter m.) co., Ltd. (quar.).
Smith (Howard) Paper Mills, Ltd.—
Common (quar.)
.—
$1
130c
-•
10-30
West
12-17 '
11-12
6%
11- 1
10-10
11*10
.
7%
West
Penn
•
11-?!
37Vac
$1.25
:
10-24
10-24.
11- 1
10-15
11-10
10-25
11-10 V; 10-25
—-
Manufacturing Co.—
v
preferred (quaf.)___l_".._
Electric—
;
preferred
preferred
Point
■■S.J'S
(quar.)
(quar.)^______„_
2.
i
Manufacturing Co. (quar.)
Coal & Coke Corp._aa_^
West Virginia
.
..
11*
,
1 :
12- 1
„
1945
/
banks.
_____—_—
......
866.517,744
£ 191.366
payables and accruals.
Net
assets
assets
—V.
common
per
308,323
—....u:':/""
declared
Shares of
4.096,010'
1,821.322
1,283,853
market quotations
stock
■
"
.v.-;
■&:
——
_'L_-_:^.$66.017,850
outstanding (no par1,234.113
r/V
share
162, p. 502.
cV: TA-'?'-
..
-
.
$53.49
"
■'
'
^
k vStorUl^e:
.
•
•;...r-.SH;
•.'•
^
*.<•%
Fur9iture-e«^.v<Hiicagft-rrTo Expand—
The company is building anotbftr>j}lant
in -C^iicago,. I1L, - ^'iiicb,
is
expected, will be completed next July.
~ wOct. 23 the company announced the opening
of a .new cuptex
showroom on the ground floor of One Park Avenue, New Ycrk, N./Y.
Most of. the company's former showroom on the second floor at that
address .had
been occupied by the "Navy during the war,^ The n^w
...r On
|'Shpwroo^-qccu|^«^f,500,pquare Je^t.—y. 161,'p. ^6Q8«
„
' h Snh*Kraft;> Inc., Chicago—Stock Cfiered-yFloyd D.
Cerf Co., Chicago, headed a banking group which on Qyt.
25 made pubiic offering of 90,000 shares of 30-cent cumu¬
lative +cohvertibie> preferred stock; 4t r$5. per share. , ?
;
'•'
The company, whose plant is in Chicago, is a leading manufacturer
of
patented ultra-violet
ray; lamps
which are distributed through
department /stores, "leading ft electrical - and . household utility
supply
houses and manulacturers' agents in this country and in many foreign .
countries, " its principal lamp 's designed primarily 'for home use. but
fO-15
is also used protessionaHy >hy physicians and hospitals. - More _thkn
11-15
75,000 have been sold in recent yearsi:/-.,: r. .7
"y~Z-.
"
The company' has recently developed two new products and expects
to "be in production with them in December this year. - One is a large
lamp especially designed for professional and hospitar use. and the
other is a small, compact traveler's lamp for use in* trains, hotels. et~,.
rJ Proceeds from the financing will be used to redeem the company's
:
17V4e
43 %c
•
-
.
'/'Total
Net
irlB 11 i-10
t$i - T2-15
11- 9
$250 . 12-15
11- 9
$1.75' ^.-2-46-1-12-15 ;
25c
li-13
10-19 •
Co.rr'
i
:
receivables
+Current
1-15
.....111..
(s'-aI.
-
distribute during the year approximately
taxable gains and thereby incur no
quotations————^v-rA**-:*---*--'--:-659,i3l6«555
S. Govt; securities.at
Dividend
7-15
,10-31
10-15
.L2i2.0 ;_12-10,
$l.i2'/a
preferred (quar.)___"_1
...
preferred. (quar.)^.....-^-...
to
including
STATEMENT OF/NET ASSETS AS AT SEPT. 30,
Current
8^1^46
37*,ic
$1.50
$2.50.
$1.7.5
33%o
81.75
intends
income
Investments at" market
4rl5'' ?.
S-l-46
■
....
2
and
taxable
Federal' income tax liability.
10-15
37V4c
tl- 1
.37iic ^8-1-46
'
(quar.)
its
all
■■Sr."--/-
(quar.)....
(s-a)
provision for Federal income taxes is believed necessary .
corporation elected in 1943 to be a "regulated investmenbjg-
the
-Cash. .in
.1-
loss from sale of swurUie®. ***
the 1945 period was $3,606,503.
NOTE—No
company"
,
Michigan Steel Foundry Co.—-
11-15
11- 1 i;: 10-19
12-1
11-20
11- 1
10-17
10-31 : 10-15
or
gain, from the sale of securities for
since
*
62V4ft.** 1-2-46::c 12-22
\ (quar.)
(quar.
....
Wentworth
*1
10-31
11-15
•
preferred (quar.).__.
Wellington Mills, 6% pfd.
Wellman
Engineering Co.
Extra
.
-(auar.k..i^^I^y._.l^_.^^^.,'V>':62ViiC::V.''';,ll«:i -
preferred
11-10
■
40c
,•
*Xi6e$i^Vfj^^u$ive*^<«fetr tfadn
net
■
.
~
preferred
10,-15
'
less 15% Canadian non-residenta' tax.
State Street Investment Corp.—Earnings—
Expenses
3-15
6-15
12-20
10-15
11-19
10-19
11- 1*A 10-15*"
11- 1
10-15^:
11-15 i ,10-31.
$75c
$1.50
$1
50c
(s-at_.
Swasey Co
Washington Railway & Electrid
,
62'Ac
(quar.)
$5
10-19
11-
Class
Watch,
Washington Gas Light Co.
$4.50 preferred (quar.)
10-16
11-26
5%
com.
-
10-19
87'/3c
A
(quar.)
12-15
tl5c
$% preferred (quar.)____.
Binelair Gil .Corp. (quar.)
Co.
11* 1
$1
(s-a)
(quar.)
common
25c
"
dividend
Pictures
pfd.
prior pfd.
Tobacco,
'.'r
10c
V
T%
11* 1
Shannon
with
Reserve
4-1-46
7-1-46
1-10
11- 1
12- 1
10c
11.12'/a
*22c
,
(Philadelphia)
...
preferred (quar.)!
6% preferred (quar.)_"._L.i.-Li..^l...^..
Vulqan Corp. $3 prior pfd. (accum.),....—
Vulcan 3Detihning Co., common-........... '
7%\ preferred- (quar.)_2_..___.™I__lII._
Walker (Hiram) G. &
cqrqmon . (quar.)'
$1 preferred <quan )._r
12-20
10c
Pacific Power Co. com
6%
preferred (quar.)
*
Signode Steel Strapping, common—...™
(
10-15
$37 VaC
:9 Mos. End. Sept. 30— ; r; 1945
& int. received... - $1,0^5.261
"
12-15
' 1-2-46
25c
-25c ,.
30c f
8%
12-15
1
j
Sierra
Sioux
9-30
11- 1
W1.75
(interim)
(stock
Chemicals
Upressit Metal Cap Corporation—
5% prior preferred
(quar.)
Vapor Car Heating, 7 % preferred (quar.)
Virginian Railway—
.
..
6%
preferred (quar.)
t^-^,
6% preferred
(quar.)
10-31
$350
...
(quar.)
Corp.
Common
1
—
Universal
Water & Power (quar.)
(quar.)—
Sherwin-Williams Co. of Canada, Ltd.—
*
Industrial
Universal
Sbawinigan
'
$1.25
$2.50
50c
V 60c
683Ac
Co. (quar.)
(quar.)...
United Wallpaper, 6%
(qqar.)——
Quarterly
Sharp & Dohme, Inc., $3.50 pref. A (quar.).
Common
S.
preferred
Extra
Scott Paper Co., $4 preferred (quar.)
$4.50 preferred
(quar.)
;
Seaboard Oil Co. of Delaware (quar.)
Second Standard Royalties 12% pfd.i..
Security Insurance Co. (New Haven, Conn.)
Sheraton
Jersey RR. & Canal
Insurance
(
Inc.
Co
Dillon
New
Fire
United Steel
*
-
S.
U.
^
(s-a).,.
San-Nap-Pak Manufacturing (quar.)
I—
Schenley Distillers, new common (initial)
Scbulte (D. A.), S2.50-S5 conv, pfd. (s-a).
Scotten
$1.25
$1.25
preferred (quar.).
preferred (quar.)
5Vi%
(quar)
Remedial
11* 1
the largest independent distributor of oils and gasoline
Mountain area, it was recently announced.
The- price
/ Surplus
(quar.)
I
......
U. S. Hoffman Machinery Corp. (irreg.)
U.
Extra
Francisco
10-10
10-15
t31'Ac
2...
Divs.
11-15
12-15
-
jo-is
1
11-
.
•
Manufacturers—
&
(quar.)
preferred
United
>
San Antonio Gold Mines (s-a)
Ban
5%
■
t3c
preferred
Merchants
r:
11*
ll-l
5c
*
Stores,
(quar.)
Common
(monthly)
prior preferred (monthly)
prior preferred (monthly)
6%
-
preferred
50c
and Cramer announced .the .sale in a joint state¬
Schorp of Tulsa, President of Carter Oil Co.
In
recent years, the Carter company has become an important factor in
refining and
marketing operations of the Rocky Mountain area.—
V. 162, p. 1555.
>
12-15
10-15
prior
12-15
The sale was completed in one hour.;
32-year-old
Messrs.
11-15
10-19
Co.,
PoweTine
ment
••
10-10
Extra
Inc.
11-1
11- 1
10-31
11- 1
1
n
1-2
t20c
Shannon/ Chairman,
^founded the company;;
11-15"" '10-15
$37c
15c
10c r
20c
15c
Light Heat & Power Co.
Z
8t. Lawrence Flour Mills Co., Ltd.—
7%
preferred
-
12V2C
12- I
-tC* 150 company-owned and dealer stations in tl|e area;-' Control
the
of
Oil
Carter
The
sells'.
10-15
10-15
i5o
St. Joseph Railway
5%
preferred
LV
-
—
Foods,
11- 1
10-31
11-
c
Saguenay Power Co., Ltd.—
5%% .preferred
- ■
10-16
(Continued from page 12024)'
Rocky
not disclosed;
.■'Was
10-16
10-16
10-10
>25c
.10-16.^
58Vic
11-1^10-15
58Vic"'v42- $
11-15
58Vic
1-2-46" 12-15
53c
11- 1
10-15
(quar.)
12- X
10-31
(quar.)
fundi
the
in
10-15
5c
13%
United
Co., Ltd. com.
preferred (quar.)—.
25c
A
(monthly)..:
preferred (monthly).
7% prior preferred (monthly)
6.36% prior preferred (monthly)
U.
10 &
clas3
prior
11-
7 Vic
(quar.)
10-19
1
11-
30c
(quar.)
Rolland Paper
5,
Tool
&
11- 1
$1.2511-1
B
12-15
Fields......-..:-..;.
Subsidiary Expands—
The
,
(quar.)—
United Gas Corp. (increased)
United Light & Railways, common
$1.25
Rockland Light & Power Co.
$6
Drill
United
12-15
sion of 75 cents.
$25;..
—
12-20
$1.12'/a
Standartt*~Oii Cot- (New Jersey)—Special Offering—A
10-31
10-31
10-10
11- 9
12- i
37-Vic
$1.12 Va
special offering of 31,000 shares of capital stock (par $25)
was made on the New York Stock Exchange Oct. 25 by
10-15
10-15
11-15
11-15
1;
12-
—40C
10-15
Investment News
all
(quar.)—i„
United Corporations, Ltd.—
$1.50 class A (quar.)
10-10
11-10
33'3%
Dominick & Dominick at $66 per share
31c
preferred
10-15
10-31
'
faXGgmgkhan funds, tax deductible at the source.
Non¬
taxSZS#'. resident tax, 7% .- a Less British incotse tax.
Powerine
25c
arrears)
$5
Quarterly
Rose's
_
Cigar-Whelan Stores Corp.—
$1.25 prior preferred (quar.)—
$5
preferred
(this payment clears
1
il-10
11- 1
11- 1
$1.25."
$1.12Vi
pfd...
common
books not; closed
v
'
_
11-
+$1.75
(quar.)_
General
United
1
;•
1
^Payable
resident
12-15 :i 12-1
lOe*
20p
Missouri—
of
Co.
11-
1,1-30
25c
11-15
25c !. 12-10
$1.37'/a
-
Works common______
(quar.)
Lamp
preferred
Electric
.
10-15
$1.25
...
20C
(quar.)......:
t Payable
•-+11--T> *
12- l
11-21
$1.50
,
1
30% Jamaica income tax.
Less
•Transfer
10-24
11- 1
;^ 25cni-: 11-15
^5%% preferred (quar.)-J
12*31
——-
(quar.)
11- 1
58Vic
•
-
11-30
(quar.)
Public Service Co.—
Inc.
_
12-31
(quar.)
common
x
10-22
10-20
10-20
10-20
_____
Class A (quar.)..——.—__—_2__—
$2 preferred (quar.)—
Richmond Insurance Co. of New York—
Rich's,
50c
412/3C
11-22
11- 1
11- 1
11- 1
<
$6 1st preferred (quar.)
Trinity Universal Insurance Co. (quar.)
Truax-Traer Coal Co., common.—
11-1
11-30
11-26
1
Co.,
Gold
common
5%,' preferred
6%
preferred
10-15
11-
(irregular).—
Gas
Ltd.,
TO-25 '*
10-19*
11-1*
11- 1
$1
tic
Machine
Consolidated
11*^^34^31-•;<
90c
62'Ac
(quar.)
common
County
Yuba
Zeller's,
10-29
11-15
9-17
10-10*
40c
Company,
Extra
80c
York
11- 1
10-10 v
11- 1
10- lr
11- 1 .10-10*
11- 1
10-22
Quarterly '
11* 1
Yates-American
10-27
10-31
(quar.)
Co.
11-1$
10-15
10-16
15c
W.) Co. (quar.) _i.r_^
Worthington-Pump & Machinery Corp., com,
"4»/a%
prior preferred 4quar.'kw__™--_
4V2 % conv. prior preferred (quar. )z~~
Worsted
10-15
11- 1
tl- 1
11-10
common..
Wool worth H F.
Wyandotte
,,
25C
pfd. (quar.).
(quar.)
Wood (Alexander & James), Ltd., 7%
Woodall Industries (stock- dividend)
10-15
$1.50
«1
$1.50
<s-a)™.^
6%
Corp.,
12-1
2
1-
11-: 1
112-30
-
preferred
5%
10-10
11-23
10-15
10-15
11-15*
11-15*
-
Corp.
Power,
10-15
25c
•
Service
10-20
10-20
11-15 >.
$1.50
...
Public
11-1
11-1
t$2.50
pfd.~
non-cum.
Hosiery Co., common (quar.
Bankshares
»
50c
25c
'
preferred...
(quar.)
5%
Co.,
Electric
Gas & Transmission—
preferred
Trane
interim)
(quar.
Island
•___
(quar.)
Texas Power & Light, 7 % pf d.tqua r./ __ _ _ _
5 $6
preferred
(quari)
Textron Incorp., $2,50 prior prei. fquar.)—
Thatcher Manufacturing, $3.60 pfd. (quar.)
Thermoid Co., $3 conv. preferred (quar.)__
Tobacco & Allied Stocks, Inc. (irreg.).:.
Toburn Gold Mines, Ltd.Toledo Edison Co. 7% pfd. (monthly)
? 6% preferred (monthly
5% preferred (monthly)..
Tradesmen's Nat'l Bank & Trust (Phila.)—
1
58 '/3c
Si'-5%
Inc.
preferred
Wisconsin
$1.25,.
$1.75
$1.50
62Vic
—
$6
Wisconsin
37Vic
10c
$3c
50c
$1.25
10c"
37'Ac
Co.,
Electric
Wisconsin
11- 1
11- 1
12-1
12- 1
1-2
12- 1
11-1
10-30
___210-1O
50c
Co., 75c cum.
(quar.)_2i
11-15
11-25
11- 1
12-15
20c
11-15
•
11- 2
11-1
933,4C
(accum.
B.)
Extra
10-20
10-24
11-5
11- 1"
10%
11-1
Winsted
11-30
10-31
11-15
&
Winnipeg
i
preferred
(J.
Ltd.
Wilson
12-20
—
11- 1
Reynolds (R. J.) Tobacco—
Common
(quar. interim)
Class B
(quar.)
dividend)
(stock
15c
preferred B (quar.)
& Brass, Inc.—
Rhode
preferred A
4 Vi %
Co.,
$1.75
Revere Copper
^
Co.._v..____
Gold Mines, Ltd. (quar.)
Syracuse Transit Corp., common
Tacony-Palmyra Bridge, 5% pfd. (quar, )Yc'..
Republic Investors Fund
6% preferred A (quar.)—
v
1-2-46
11-1
$1,428
...
conv.
Wilsil,
11-15
$1.
37 Vic
$1.12'A
$1.50 i
$5 conv.
*
12- 1
»
11- 2
quar.t-.^^i..^..-
$2
Williams
10-25
25c
Sylvanite
1
Mills—'
•
$1.60 non-cum. preferred (quar.)
Reliance Electric & Engineering Co.—
preferred
11-1
•
_
Drug, common (irreg.)
6% preferred (quar,).*«__./,_._____
Swan-Finch Oil Corp., 6% preferred
4% 2nd preferred (quar.l__.___.
Regent Knitting
6%
11-15
12-15
37'Ac
30c
& Fuller
Common
•••'-
5%%
(quar.)
(quar.).
2.
preferred (final)
preferred (initial
12-18
10-15
1-2-46
11-1
(quar.)...
prior lien (quar.)
Sewing Machihe Corp.—
-5
prior preferred (quar.)..
;
i 4%
White
12-15
10- 5
10- 6
10-31
(quar.)
$1.50 preferred
Machinery
Oil
Sun
preferred (monthly).——
>7% rpreferred (quar.)—————-—.
8% preferred (quar.).—
Public Service Electric & Gas Co.—
$1.25
$5 preferred (quar.)—
$1.75
4
7% preferred (quar.)
—;—- >
162>/2c
Purity Flour Mills, 6% pfd. (quar.)
lOp
Purolator Products, Inc.—
—
'$1.50
Quaker Gats, 6% preferred (quar.)
: $25C
Quebec Power Co. (quar.).
$3
Qulncy Market Cold Storage & Warehouse.
$1.50
Radlo-Kelth-Orpheum 6% preferred (quar.)
Railway Equipment & Realty—
6% 1st preferred (accum.)
Randall Co., class A (quar.)
V
12-29
11- 1
11-1 !
Sun Bay
6%
7%
preferred
;
Republic Drill & Tool 6% pfd.
55c conv. preferred (quar.)
-
12- 1
11- 1
$1.25
$75c
$75c
preferred (accum.)
Sullivan
L
1
12-11
11-15
(quar.)__„_
Co.
&
Inc.,
2nd
$4
•
Co.
60c
31'Ac
(quarj
Stokely-Van Camp 5% prior pref. (quar.)_. '
25c
Briquett Co., Inc., $2 pfd. <quar.)_—
50c
Stouffer Corp., class B
(quar.)
;
25c
Struthers Wells Corp., $1.25 pfd. (quar.31'Ac
Suburban Electric Securities—
■'
pfd. (quar.)
Manufacturing
preferred
$1.25
f25c
$1.133/4
;
$4
Stctt
Ltd.—
registered (interim)
Portland Gas & Coke Co., 6% pfd. (accum.)
7% preferred (accum.)——
—
Potomac Edison 7% preferred (quar.)
>
6%
preferred (quar.)
...—
...
f
Princess Shops, 60c preferred (quar.)——
Procter & Gamble Co, (quar.)
——
Proprietary Mines, Ltd. (interim)..
—
Public Service Co. of Colorado com. (quar.)
7%
preferred
(monthly).—.
... ..—
7%
preferred (monthly)——.—
:
preferred (monthly)
6%
preferred (monthly).—.—
6% preferred (monthly)—...
—
6%
preferred (monthly)—
1—
5%
preferred (monthly)
;—,—
5% preferred (monthly)—
5%
preferred (monthly)
fubllc Service Corp. of New Jersey—
Si
$5 preferred (quar.).
)'■
6% preferred
(monthly)
Reliance
11-10
15c
(A.)
Stix Baer
Pinchin, Johnson & Co.,
Amer. shares ordinary
$3 preferred (quar.)
Reading Co.,- common
12- 1
Extra
Sterling,
(accum.)
Raymond Concrete Pile Co., common
$4.25
Works—
—-
5%
preferred
Stein
f-
preferred B (quar.)
*
Pennsylvania Power Co. $5 pfd. (quar.)
V Fere Marquette Ry. prior pfd. (accum.)—
i Pfeiffer Brewing Co—
„
1 Philadelphia Co. $6 preferred (s-a)
—
$6
preference (quar.).
^—
'{ " $5 preference (quar.)—
Philadelphia Electric Co.; 4.4% pfd, (quar.)
phijip Morris & Co., 4% preferred (quar.).
Phillips-Jones Corp. 7% preferred (accum.)
"r Phillips Petroleum Co. (quar.)—
—
4.40%
*
Acid
'
—
-
Wheeling & Lake Erie Ry.—
5 Vi %
convertible preferred
10-31
10-31
50c
;
&
10-18
1
11-
-
i-
preferred > (quar.)
$3.75
11-30
—
Phospate
5% preferred (quar.)
Steel Co. of Canada, common
Pennsylvania Electric Co.—
.
8%
Paper Co., Ltd. (s-a)_2_!___,
Westvaco Chlorine Product(j,$4.50 pfd. (final)
10-15
12-1
11-30
-
Westminster
=.
c
12-15
•%
•
-
*•
Stecher-Traung Lithograph—
$1.40
>
11- 7
11- 1
'
-
Western Tablet & Stationery—
10-15
10-23
11-17
12- 1
$$1.25
18%e
___——
i
(quar.)
(quar.)
Common
*
10-15
11-15
■■
Peninsular Telephone
-
10-19
12-10
12-15
Spiegel, Inc., 84.50 conv. preferred(quar.)_J >$1.12'A
Sprague-Warner-Kenny Corp., 6% pid.-_—
62c
Squibb (E. R.) & Sons, $4 preferred—
$1
Standard Brands, Inc. $4.50 pfd. (quar.)..
$1.12'A
Standard Chemical Co., Ltd.—>
.
?">
■ ■<»
32 Vac
—
Reduced
C
preferred (quar.) w-v
_
$1.18%
(A. G. & Bros.). 82.25 pfd. (s-a)__
$1.12'A
Spencer Kellogg & Sons, Inc.___-.___-—45c
'
convertible
6%
Western
_
25c
4%%
$1.50
Enterprises Consol., Inc.—
&
Mines
Patino
*
11- 1
12- 1
11- 1
'10-30
Standard
Davis & Co
Parke
-r
$1.20
-
"1
+*
■
* »•
10c
Department Stores--
of Ree.
Payable
.
$Hl2 Vi^Kll-lS;: .':"ll-'l"
30c ' i ll* 1
10-18
preferred (quar.)
37V-2C >11- 1
10-20
Light & Tele. 5% pfd. (initial).... 27 7/10c
11-15
11- 1
Western Maryland Ry., 7% 1st pfd. (accum.)
$7
11-21
11- 1
Western Pacific RR., common (quar.)..
'
75c
11-15
11- I
Common< (quar.
^
- • 75c' ^ - 2-15-46 2- I ■"
5% preferred A (quar.)
$1.25
11-15
11- 1
5% preferred A (quar.)_,
$1.25
2-15-46 2- 1
v
'
Spalding
.
Pacific Power
■
11-15
.l -
•
'
Extra
Western
10-20
...
(quar.)_.—_______
Public Service, com. (quar.)..
Southwestern
11-15
11-15
i"
(quar.)
'
11-15
10-15
:
Share
V:-
-
Pulp & Paper Co.— *-.".V"
Westchester; Fire Insurance Co.
II- 1
11-15
11-26
f20c
(quar.)
preferred
4.8%
75c
11-15
11-30
37 Vic
__
California Edison Co., Ltd.
Southern Canada Power Co., Ltd.—
tV Common
(quar.)
—
Southern Indiana Gas & Electric—
31'Ac
*
13%c
30c
81.50
119c
common...
preferred (quar.
Southam Co., Ltd.
(quar.)
Hame of Company
Virginia
% ^preferred.- (quar.)
■'<
r;
-
PerWhenS Holder•
'v:-
West
10-31
11-15
22 %«
6%
$1.25
37 Vac
>
Sftare
(quar.)—
;'.-:Vvrfv<
When >.: Holderi
Payable
of Ree.
-v
P*
■
prefexred
Pulp Co.,
Soundview
Southern
34,*c
(quar.—
preierit-u
1
convertible
55c
10-22
10-30
11-1
11-
$1
S
'-r
s
Solar Aircraft Co. 60c conv. pfd.
oolar Manufacturing Corp.— > :
1
50c
.
co._..—...
Uiass
11-
$1.25
:——
—
..—-—
Owens-Illino.j
*
Same of Company
9-29
11-1
40c
Crush, Ltd. 70c conv. pref. (accum.)
Outboard Marine & Mfg. Co. (irreg.)
Orange
Monday* October 29, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
Volume
THE
Number 4433
162
*! outstanding class A
stock aruj tiri connection Vith tfc« marketing; -of
1
000
The
shares
300,000
Period End. Sept. 30—-
:
Operating
Operating
Federal
Other
7? "
Profit
; 1945
taxes__i'_—It—$1,229,032
before
•Net profit, after
taxest^.——tt,
Earns,
287,000 com", shrs. •"
sh.
per
on
$1,695,854
"368,709
$1.28
,
1943
1944
/
Net
.
Inci
•
from
f
other
<•*>
•
Interest
"it Total gross income—
Deprec. on plant
properties,: t-ic.
'.f.
•Fed.
inc.
and
$1,753,775
353,882
389,474
2
218,387
______
$3,811,586
139,636
9,635*
100,189
$390,138
$453,651
$7,080,250
195,662
4,342,222
r
the
to
preferred
$257,969
stocks
$2,738,028
$2,504,960
937,138
865,050
—
$1,259,202
$820,844
income
$1,283,981
about
$722,858
1*0
profits tax included amounted
8896,000 in 1945, $2,605,000. in 1944 and $1,790,000 in 1943. Capital,
"Includes
to
stock
excess,
162,
p.-1440.-
tax.
in
$42,187
of
tax
—v.
profits
Excess
and
1945
in
$42,703
■iv-;
*»
••
1944
also
•'0>■'!' !'
• 1 y ;.4
W
-
the
plan,'
to
TACA
Brig.
President.
vice-presidents
1440.
p.
-
.
l/'
v
«&**!$*'? 1
••
\:f'.
...
and
transportation
of
ing
'•••" 7' *.■!
'
,
"Net
No,
v
Maintenance
Operating and
Depreciation
Administrative
45,573
-7 170,445.
45,607
.29,512
39,356-j/
14,673
—7-general expense
and
Taxes
pther than income—
Interest on ,bonds_
s
financing costs amortized..
26,778
42,825
14,897
....
—
f
41.182
70,577
48,976-
to
-t
Total
income
of
the
doubt
a
to
as
dividend
a
in
The
whether
view
of
it
the
is
for
lawful
capital deficit
No dividend has been
It
be
profit
Federal
State
of
paid
the
taxes
1,340
$99,464
accrued
■w.:
134,732
102,848
since
*
1944
$0.17
Net
$156,678
profit.
dividends paid on'preferred stock—
_
—
when
31,117
.....
$49,042
31,118
;
the
Occidental
A.
ii
$0.35
.
Earns, avail, for ci.
^Earnings per
"On
—V;
162,
A & com.
stk.
$125,561
share..—....
....
shares
32,184
class
and
stock
.
.
shares
24,000
on
of
'$623,768-
3,670,919
452,087
553,284
35,142
527,361
43,284
683,849
Maintenance.
federal
Life
Insurance
Co.,
of
income
Utility
taxes.
69,000
-
income
Gross
806,470
430,000:
726,700
35,833
505,000
$106,083
$99,128
$1,324,378
430
income
oper.
57,700
40,833
_
accruals.
reserve
203
6,299
$99,331
$1,252,538
~
' 3,263
3,172
3,091
78,956
$1,255,801
w 37,229
$103,340
$96,240
$1,251,721
$1,330,677
income
-V.; 162, p.
but
before
division,
1945.
"Profit
Net Profit:
$85,614
$85,614.
235,369
235,369
242,061
242,061
2,284,803
•2,221,649
3,063,326
4,097,222
and
acquired
special
243,442
18t83I
243,442
209,431
112,937-
216,323
119,829
198,538
119,209
of
149,666
tlncludes
as
nine
of
Harder
of
as
charges,
:■
operations of
of July 1, 1942, and sold as'o£
months, including operations of Kay
acquired
tPeriod
division
Nov.
Refrigerator
1,
Corp., a wholly-owned
158, p. 1384.
" ' 7 7
1944.—V.
Oct.
,
Because
these
securities
they have not been
'
Subscription
letter to
A
shall
yy ^ ^
On
V-J
the
office
at
made
and
registration,
Exchange Com-
the
of
Marine
Midland
Trust
:7r"
.
stockholders
contracts
Securities
'
'
.
be
-"—
.
Day, Aug. 14,
ernment
believed to be exempt from
are
regist?red with the
.'
Cp. of New York. '
• i
.
directors
TOnission.
the
of
assets
t?efore
corporation,
funded
deducting
states
in
7'
part;
k
;
1945, for all practical purposes all of the Gov¬
with
this
corporation
cancelled.
were
Results
of
operations
for the third quarter ending Sept.
30, 1945, have not as yet
but, as a result of the cancellation of Government con¬
following V-J Day, a possible loss of $225,000 Is indicated before
giving consideration to the payment by the Government of termina¬
debt,
been
9 Mos. End. Sept.
earned
after
with
the
cancellation
such
of
contracts.
As¬
no payments whatsoever by the
earnings for the nine months ending Sept. 30, 1945,
for taxes, would be reduced from $122,349 to approxi¬
provision
which would be the equivalent of earnings of approxi¬
mately 61c per share for such nine months period.
•
7
Corporation will undergo considerable expense in reconversion.
It
contemplates the sale at absolute auction of the Staten Island plant
.
and
ultimately the concentration of fireworks, paint and plastics
manu¬
facturing operations in New Jersey, principally in the Cranbury plant,
should resqlt in an economical operation.
Current orders for
which
fireworks
volume
for
the
it
and
is
Christmas
trade
hoped that
lurgy remains in
in
the
the demand
south
be
can
in
are
met.
satisfactory
Powder
metal¬
the
experimental stage and has not as yet reached
commercial production.
During the war period corporation has been
actively engaged in research and it is planned to continue the activi¬
of this department.
; 7
•
■
Corporation (as previously reported) acquired 67% of the outstand¬
ing capital stock of the Ohio Bronze Powder Co., of Cleveland, O.,' this
acquisition being partially financed through a bank loan of $186,620.
Since July, 1945; additional shares of stock of that
company have been
acquired.
'
•
'1
-
1942
$121,958
(cash)-
867,981
841,356
divs.——
sec.
connection
the
mately $104,000.
$144,102;
$107,717
17,910
11,009
10,739
11,294
$959,007
$986,707
$974,054
$995,401
130,607
204,881
114,505
165,787
124,406
—
in
possiblp loss of $225,000 with
^
ties
1943
1944
1945
$100,024
841,073
Dividends ree'd
Taxable
<
30—
—
claims
tion
suming
Government,
preferred
per
audited,
tracts
Sept'. 30, 1945 Indicated an asset coverage of $6,390.21 per $1,000
debentures, $280.60 per share of preferred stock and $10.51 per
common stock, as compared with $4,962.81 per $1,000 of debt,
Interest
Earnings—
Net Sales
.
panies (0^4,3%, and chemicals for 3,3%.
1327.
Teck-Hughes Gold Mines, Ltd.-
are
on
Oct. 8 authorized the offering to stockholders of
27, 1,945, pro rata, the right to subscribe for 50,000 addi¬
tional shares qt capital stock (par $5) at $6 per share at or before
3 p.m. (EST) Nov. 14, on the basis of
S/tTtbs of one such additionaf
Share for each one share held,
'
'
■/
* 1 7/;'
•
'"v
INCOME ACCOUNT, NINE MONTHS ENDED SEPT, 30
Net
30,
record
share and $6.18 per common share, respec¬
tively, on Sept. 30, 1944, and $5,953.96 per''$ 1,000, $257.89 per share
and $9.18 per share, respectively, cn June 30, 1945.
At Sept.
30, 1945 the Tri-Continental holdings of cash
and good
grade bonds and preferred stocks amounted to 8.2% of net assets before tax provision on unrealized appreciation.
On that date the total bond portfolio was approximately 6.0%
of
gross assets,
while preferred stocks accounted for about 18.8%
and
common stocks, excluding those of subsidiary corporations, for about
63.1 %The largest groups in the.common stock, portfolio were the
holdings in building, equipment and renovation enterprises, represent¬
ing 9.1% of gross assets, public utilities accounting for 6.2%, oil com¬
$1,218,572
$106,513
•
Income deducts- -int.
foff
year
3,527,465
Products
The
Los
.
Other' income—net
1
$7,165,300
3,918,113
39,051
_i_——
$589,485
313,397
56,994
revenues'—:
Retii;.
$7,685,402
311.805
Operating
Operation
net
$206.29
1945—12 Mos.—1944
1945—Month—1944
current
UnexceUcd Manufacturing' Co., Inc. — Stockholders*
Rights—'
' "'7 \
1
V'-
share of
Tampa Electric Co.—Earnings—-.
Period End.. Aug/31—
its predecessor
the
$1,125,872
taxes,
Products
Increased from $43,821,192 on June 30, 1940 to $47,031,960 on Sept. 30,
1945. ; At Sept. 30, 1945, net assets were $36,526,303..
The net assets
stock.
884;s' - V
p.
and
of
.
31—77
L
subsidiary
1030.
162, p.
-;
The
* $0.31
..
common
nine' months
,—
June
<
'
$17,924
$99,622
$1.7.7
.,.$2.23
.
A
and
_______
Kay
"
follows:
"After
<
7
-
.
1,577,332
1,786,683
+1945
King
:
.
earnings of the company
years
T1944
458,100
'
;
RECORD
7'';
and
fiscal
>1941
Tri-Cojotinental Corp,-—Repprt—
*(•
7,570shs.
224J)00 shs.
entire stock
31,118
.
13,643 shs*
shs.
company
+ 1943
Executive Vice-President of Allied Building Credits,
said the -firm would continue operations: throughout the country under
its present management and home offices will be maintained in St,
50,422.
$130,739
30,000 shs.
shs.
a
______
$159,111
<
expended.
EARNINGS
1940
1942
458,100
■
$0.28
thus
AND
1939
'
$77,797
at
Years Ended Oct.
corpo¬
1941,
* 1943
458,100
—
share—/
per
Paul.—V.
.
Outstanding
shs.
shs.
was organized in 1927 the company
profit every year \yith the exception pi 1930.
preferred stock dividends since the inception cf tho
all
10
as
11942
•
predecessor
paid
1938
Traipi^merica Corp.—Buys Credit Firm—
W.
■
,
Authorized
.
capital
operated
past
appear¬
now
working
the
has
shown
Allied corporation was created 10 years ago to provide merchandising
assistance for lumber dealers through purchase qf installment notes
ind the ipaking df residential mortgage lpans.'
V t
*
*
'
$233,587,
1
The
been
the
Angeles, Calif., and its
parent, "Transamerica Corp., San Francisco, Calif.
'"
Mr.
Weyerhaeuser, who declined to reveal the sale price, said the
$98,124
-1,144
3,342
sharing.—...—
inc.
'
<
and $400,000 will be added to the company's fixed
greater portion of this expenditure has been from
working
proceeds of this financing will be used by the company
The
company. "7; •
The net sales
;
,«/
$131,860
capital shares
to
,
'
/
Refrig-.
$300,000
Since
approved by holders of
capital
shares,
exclusive
of
plan is recommended by the
outstanding
treasury.
part
a
replace
has
of Allied. Building. Credits, ihcM with tQ.tal
assets
of
approximately $17,000,000, was announced on Oct. 19 by
F. K. Weyerhaeuser of St. Paul, Minn., President of that corporation.
The stock held by the associated Weyerhaeuser companies was sold
71,261
$232,444 i
.
.
1
$294,753
—*
Employees
&
.$292,840.
7
1.912
—
—
'
•
(par
SALES
.
L—t—
Profit:
Other income
Harden
proceeds ($27Q,OCO) will be used by the compahy to
of its working capital used in building and equipping
plants.
During the fiscal year ending Oct. 31, 1945,
company's
capital.
be
must
profit
Sale of the
'H 48,475
25,496
46,219
15,067.'
.
interest.
stock
assets.
•After.;charges ahd Federal Income taxes.—V. 159, p. 2679.
.
1943
$345,823
1944
$473,069,
36,573
-
*
.
1945
$538,005
-
LUS-'—i.--—----
458,100
in
^enjis ft; share was disbursed,
Earned
Tacony-Palmyra Bridge Co.—Earnings—
proposal
v'~
...
from
stock
pfd.
the
C^Naom^TED RESULTS FOR YEARS ENDED DEC. 31
162,
V.i.
.
the
its balance sheet.
on
35
engineering.—V.
p-yix-'"";-..
9 Months Eftded Sept. 30—
Income
declare!
O.
charge
in
the
held
because
to
Hardin has been elected Executive ViceHe will supervise activities of regional vice-presidents and:
Thomas
of
directors
Airways, §. A.—New Vice-President—1 '
Gen.
effective,
ration
'
•
become
14,400 shares
4
•/
including
pfd.
A
replace
•''
capital
two-thirds
included.
*
■'
the
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
between
difference in capital of $1,027,500 would
surplus.
4
this amount, the directors expect to declare a dividend
30 cents a share,
payable next month.
credited
'
Net
Y.
note,
\
-
From
r
$57,000.
price of the stock in
on
$10_
30,000
(par $1014,000
8% B pfd. stock (par $10)___—
9,000
Common stpek
($1 par)_„_„_to__„__
.
224,000
2,339,320
_L—$252,750
applicable
162, p, 1809..
Vl/r"
' s '
.■*/
Under
86,991
1,333,400
2,429,844
of
excess
purchase
compahy
Nov.
1, 1944,
issued two notes for
to Frank H. Ryder and George D. Ryder, both of CoblesThese notes are payable at the rate of $1,000 per montti
7%
$4,844,380
137,388
the
of
5Ms %
pn a di¬
rectors' proposal'to reduce the capital of the corporation from $1,500,Q00 to. $472,500, through amendment to the certificate of incorporation.
$2,143,249
97,762
...
N.
each
j
Tb^ stockholders will vote at a special meeting Oct. 30
3,123,703
1,322,187
kill,
Tojbacco Products Export Corp.~rTo Reduce Capitalization«U%
-
$2,361,413. $4,522,541
etc
taxes,
$444,016
74 7,473
charges
Net income
—V.
1942
•395,700
•■■■■■■■ -
'
$382,665
revenues—'
style self-service frozen food display case*
open
PURPOSE—Net
i
7 1943 7
$3,457,704
359,305
.
276.
the
Corp,,' the
v
,
_194-1
$4,126,841
1945
$2,002,113
sources
r<r.
|
of Canadian Affiliate)
(Exclusive
$4,721,395
: ' 122,985
775,146
on
-I* 447
-
(1)
profits In
part
a
$75,000 each
4,021
$6,980,061
of net
As
"
-T—•
income
Dividends
Mos. End. Sept. 30—
Profit from Operations-
10%
1,200,000
5,345
100,000
(2)
erator
$1.89,
*
figure was reached' after providing a reserve of $100,000 for.
contingencies and after making provision for Federal normal tax,
Surtax and excess profits tax at the rate of 70%.—V. 162, p. 503.
77.9
.100,000;
approp.
829,918
1,200,000
*
•This
J Superheat^rvCo.—Earnings—
1945—9 Mos.—1944
65,278
limited-term
oper.
Gross
.
res.
72,284
a
Other income—net
' 544,320
.
'■;vv7
;
$1,814,402
508,756
.
$1.77,..
'7:
_•___
the
"HARDER-Freeze" line for home, farm, commercial antf
storage of frozen foods.
COMPANY LOANS—On May 4,
1945, company made a seven-yeaij
term loan agreement with the National Bank of
Detroit, Mich,, and
borrowed $400,000 thereon.
This loan Is to be repaid over a sevenyear period ir>
four principal instalments each year of $14,250, plus
1
taxes
of
370,827
1942:
and
$1,420,313 $17,074,305 $16,100,295
510,381 i 7,151,544
6,418,051
300,362
907,437
2,981,682
600,995
____
investments
/>
1945—Month—1944
$1,527,218
.___
expenses-
taxes
Amort,
9 Months Ended Sept. 30—
revenues
Prop, retir,
Sutherland Paper Co.—Earnings—
May 15,
institutional
Texas Power & Light Co.
-
,
'
''7'/'77.v7y-
of
Into common on the
,
a cost of $500,the balance will be held available for further
and
expansion.—V. 162, p. 1809.
common.
The preferred stock is convertible
basis nf one share of preferred tor V?o shares
of common.
',''7/7
:/!77 »■/ ? r;-v^ 777' >/7. *:■<"
■v.
In April this year the War Production Board removed all restrictions
pertaining to the company's manufacturing, and production is now
at the rate of 1,000 lamps per week.
The company had no war con¬
tracts or sub-contracts and is not subject to renegotiation, and has
iuo .reconversion problems,—Y*. 160, p.- 1902.
:
^
and
M
high speed flat knitting machinery at
new
V<,'r!.Ts.5i
<v
*,, • .>
outstanding capitalization, on completion of this financing, will
consist of
100,000 shares of cumulative
convertible preferred stock
these two n€W; lamps.J
•
COMMERCIAL; & FINANCIAL CHRONICLE
840,004
.
"".7.8
1945
Dry
tons
of
68,111
68,345
$721,599
$652,010
490,985
ore
449,463
treated
7 Gross value' of bullion
*,
1944
Months Ended August 31—
:__1_—:
Operating costs
-
income
Total
Expenses'—
Interest
Federal
Operating
Income
1
.
$230,614
profit
from
Lamaque
investments
investments—General
Gold
Mines
income
19,721
.;
:
17,453
382,949
Net
Total
V,"
dividend
for
^
75,233
'.
.
profit
•
Earnings per share on 4,807,144 shares
162,
65,851
$537,099
$0.11
$0.08
"
.
'
„
'
.
Income
—J—..—
Fed.
Fed.
£
normal
exc.
; Net
:
1945—9 Mos.—1944
26,000.
26,000
profits
taxes.
3.094
$235,143
$235,230
82,000
80,000
10,056
profit
.
25,833
$127,315
470.—V.
<
$0.56
^ea^a?|
Service Co.
Federal
Other
;
1945—Month—1944
$1,232,729
iy—.•>
515,108
493,667
6,282.164'
226,798
1,768,233
res.
162, p. 503.
•") V"
70,229
857,624
83,333
876,667
,apprcpv
$14,717,241 $13,433,887
May
store
Net
•
oper.
where
840,768;
1,000,000
$463,508
$358,702
$4,932,553
AND
4,210
46,458
and
liabilities
Gross income
,
Net
;
Balance
•*—Y.
153,215
T 3,056,317
to
$209,697
$1,922,694
$1,375,675
for period—
375,678
375,678
pfd. stock
'
$1,547,016
—
Stock
Inc., and Maxwell, Marshall
200,000 shares of 5%
$999,997
&
Co.,
on
Oct. 25 offered
convertible preferred stock at par
Proceeds
will be used to retire outstanding
a cost of $532,980, to purchase
ference stock at
prior pre¬
and install
of' the
May
15,
Tylqr
1942,
of
the
war
terminated.
contracts
a
6
58,569,800
the
over
working
capital.—
'' "
revenue
the
1932.
f7-•
/
currently
company
Is
Sales-Fixture
•''.7!.,7;,7^■•'VC-i
./•'^l'
v..
the
during
according to,
1944,
increase
an
of
miles
128,747
••
35%
.
daily.
;'
-
v,
Co.
of
:
Missouri
awarded Oct. 22
was
for
its
purposes
Co.
directly
after
2%%
a
'••
v'/'.
/7rV"'V.'
'
;
a
on
Co.,
bid of ICC.63.
■
1
and
Inc.,
100.29. ,77/
new
bonds are dated Oct. 1,
at the
\
1945
;7,77' ■'
and
option of the company,
in
due
are
its
subsidiary
May 1,1947, at special prices ranging from 101%
company is now resuming production of its products in the
commercial refrigeration field and will resume national and foreign
„sales.'
Two major lines have been, developed,by theicompany since
1,
1975.
to 100%
.;
7777'
40,0,0Q. Shares of Preferred Stock Offered—The First
Boston Corp. headed a group of underwriters which on
Oct. 24 offered to the public 40,000 shares of cumulative
preferred stock, $3.70 series (no par), at $101.75 and div.
incor¬
have
Oct.
whole or in part at any
time, at prices- ranging from 104.05, if redeemed during the 12 months
beginning Oct. 1, 1945, to 100 if redeemed on or after Oct. 1, 1974.
The bonds are also redeemable for the improvement fund on and after
and
"<•
other bids,
The
were:
The First Boston Corp and associates,
Read & Co. and associates, 100.5799; Halsey, Stuart
100.4199; Lehman Brothers, 100.419, and Kiihh, Loeb &
coupon,
7 The
issue
received
•
was
101.079
101.88 and
awarded
Kuhn,
were:
Brothers,
Oct.
Loeb
22
& Co.,
and 3.80%;
on
a
bid
100.50
White,
of
for
3.70%
rate;
3%%
Lehman
and Shields & Co.,
3.80%, and Dillon, Read & Co., 101.3799 and 3.80%.
CAPITALIZATION GIVING EFFECT TO
First mtge.
Other bids
100.5499.
a
Weld & Co.,
PRESENT FINANCING
Authorized
company
Offered—
Bonds
—
Dillon,
•/
of
in
flying
••
^
Flectric
Redeemable
company
.
miles
passenger
month
same
The
incorporated in Michi¬
manufacturer of metal
suitable
for
Co.,
' *•
*
The
said
p.
100.5999;
preferred
.
' AH
.
been
p
was
as
i
the company produced a very small volume
of its peace-time products.
The war products produced by all divisions
of the company and its wholly-owned subsidiary, Harder Refrigerator
Corp. of Cobleskill, N. Y., consisted mainly of aircraft parts made of
tubylar and sheet metal construction, hardwood cargo trailers, aircraft
engine boxes, portable hoists for advanced bases of the armed forces,
and ammunition boxes.
'
'
•'
Offered—Blair & Co.,
($25) plus dividend from Oct. 1.
to
equipment from steel.
During the war period
162, p. 1932.
Textroii, Inc.—Preferred
/•
'
buildings more
factory
j)
all
v.,
manufactured
steel
refrigerator
display cases, wall refrigerator boxes, vapor and refrigerator coded
fruit and vegetable equipment, shelving, wrapping counters, and other
kindred items.
The management believes that in
May of 1942 the
company was one of the world's largest manufacturers of this type of
$3,231,504
1,855,829
$203,058
income
applicable
"$4,979,011
262,020
Interest &cl charges.^.2
Dividends
$362,912
$465,078
^
been
162,
The issue
■.■;/:
-Business of company
gain
.
poration.
Up
;
•
desirable transportation facilities and room for expan¬
acquired.
Company acquired all of the business, assets
more
had
and
44,209
(net)—.
additional
*
.
$13,000,000 first piortgage' and collateral trust bonds,
2%% series, due 1975, at a price of 101.02 and interest.
to^al. $41,689.-
v*/
BUSINESS—Corporation
1937,
10,
land
offering
$3 187,295
1,570
revenues-
Income
for
'
1
White, Weld & Co. and Shields & Co. headed a group of
underwriters, which on Oct.724 offered to the public
display
sion
Other
/
.
.
debentures, D^ig^cg.
V ■. ."v
■■■' /
flew
35%
a
Union
for expenses, taxes, etc., $272,939; due for
issued, $279,388; funded debt: 3'/2%
de¬
3V2%
on
corporation
Crary
■,/•;•/
fixtures was established in -1927 in Muskegon, Mich.,
by a predecessor Michigan corporation under the name of Tyler SalesFixture Co.
In 1932 Tyler Sales-Fixture Co. moved to Niles, Mich.,
2,629,399
40,000
gan
5,776,425;
2Q7.781
■
1
faxes
Prop, tetir,
1945—12 Mos.—1944
$1,297,975
_ —
expenses
taxes
expenses
HISTORY
.
71,578
revenues
>
Mr.
—V.
Tyler Fixture Corp., Niles, Mich.—Preferred Stock Of¬
fered—White, Noble & Co., Grand Rapids, Mich., are
$0.54
Earnings—
balance
"
/
offering 30,000 shares of, cumulative '5
stock at par ($10): per share.,
Period End. Sept. 30—
Operating
Operating
when
/
$122,808
$0.17
$0.19
the
'
Crary, Vice-President in charge of traffic.
Estimated airplane miles totaled
3,650,340, also
accrued,
reserves
purchased
unamortized
-■77;.32,422;
$40,027
$43,642
profit, per share.
162, p. 1440.
and
Harold
bentures, due Feb. 1, 1960. $7,360,000; $3 cumulative preferred stock
(141,380 shares no par), $3,534,500; common stock ($1 par), $2,429,318;
$76,083
$72,736
surtax
'
Net
—V.
'
.
$112,503;
securities
/
and
loan
1441.
United Air Lines, Inc.—35% Gain in September—
The
in securities, $39,-
chased,
1945—3 Mos.- -1944
bank
September,
due for
^elAhtpg^ajpjhi .Cp^p.—Eaynlng^
*
636,210
1945
dividends payable,
etc., $283,911;
securities loaned against cash, $118,700: due for securities pur¬
LIABILITIES—Interest
&i Net i/profit; before
de-„.
ducting Fed. taxes on
30,
receivable for securities sold, $149,566; dividends and interest
etc., $103,220; receivable for securities sold when issued,
$190,451; special deposits for interest, dividends, etc., $240,978; total,
$41,689,470.
Period End. Sept. 30—
$618,911
636,915
■
636,210.:
SEPT.
receivable,
396.
p.
$613,127
the
of
V. 162. p.
744,923;
Net
—V.
29,000
$1,260,333; investments
ASSETS—Cash in banks,
•"
v
SHEET,
*"$602,949
$401,087
taxes
20,804
36,952
$647,919
636,210
BALANCE
$476;320
income
Provision
18,818
41,000 '
j
180,750
17,495
-j"
$576,369 <
profit
Preferred
"
.s.
13,616
* 33,534
tax
to be received by the corporation from the issuance of
stock will be used to the extent required for the retirement
proceeds
$202,547
225,985
Ltd.—Dividends
'
expense
"'i————
Taxes
The
the capital
,131,799
195,886
& collat. trust bonds—
due 1971, due May
series
7
1,.
Outstanding.
* '" 7
•
$90,000,000
2%%
Pfd.
$5
'7
series due 1975, due Oct.
(no par)
pfd. stock (no
$4.50
$3.70
series
2(13,622 shs.
______—
with
40,000 Shs.
■;
stock
7 'Additional
;ance
130,000 shs.
par)—*.
series
Common
(no
bonds
3,300,000 shs.
par)
may
7
13,000,000
"
750,000 shs.-,'.
1, '75
stock
be
issued
the provisions, thereof.
under
.......
the
.
...
mortgage
,•
t
r?
2,695,000 shs.
upop qompli
7
'
•
/ PURPOSE—Net
iale
now
; 1
'
•"
like amount of promissory
issued and sold to 44 banks on June 28, -1944-,-*
notes
Total
price of
company's cash resources,——
out of the
The
DroJerties
to
successor
a
Sr
Co
viootrir
into
The
The
at
holding
system
company
y
lattei company*/
of
•No
'
"• ' U"
>
der
1/ ? 1945
plan
in
were
—-—y;
'
'
income
2,981-
«-
24,918
tax-
of
.
of
In
elimina¬
"
Federal
the
and
1944,
'
'
having
of
stock;
common
share
one
and
River Power Co.
the
the
total
applicable to
tax
the
company,
oi
July, 1945 Solar Mining Co.,
been
active
/.
.
...
..
Production
aggregated
years
for
from
the
a
{
u>>.
•
•
Production
July 31—
'
*
were
$20),
Union
of
a
-/• •
Iowa
Union
of
1,093,500
such
stock
common
Mississippi
company
obtain
inents
by
River
issued
part
in
the
of
Power
and
the
the-accounts
As of March 31,
amended
and
to
1
-
,
of
-
its
Cost
Dividends
•After
such
of
cost
admin,
&
after
and
cost
from
an
/
,
i
:
. ■
U.
agreement dated Aug. 12
Laclede
1942
Power
Light Co., Laclede Gas Light Co. and Phoenix Light, Heat & Power
Co., all of St. Louis, Mo., the company acquired the electric
prop-'
erties and business of Laclede Power &
Light Co
which did approxim¬
,
ately 15% of the electric utility business in the
base
justed
to
purchase
price of $8,600,000
$8,439,909 pursuant to
the
amendments thereto.
;-//>..
•
,<• -
- -
in
City of St. Louis.
was'subsequently ad¬
cash
of
terms
the
UNDERWRITERS
Dick & Merle-Smith—
Equitable
Securities
Corporation
W. E. Hutton & Co
agreement
~
and
Net
income
Earnings
Laurence
M.
C°-
Redpath
-
.
Marks
UNDERWRITERS
„
OF
NEW
McCormick
•
400,000
400,000
400,000
.400.000
&
;
200,000
Wins-
P. 8.
6 000 shs
Uo&t£i Co'.
Harris, Hall & Co.
(
tax
refund
404,611
for
reserve
/
tlncluded in
growing crops,
.
arising
Code.
of
out
$ Net loss.
carry-back
loss
provisions of
*'
-
BALANCE
SHEET,
JUNE
30
1945
;>/
1944
$2,977,441
$308,603
securities—
500,060
55,791
575,603
—'
_fcL——
and
Current
25,406
10.869
2,873,095
1,463,538
627,894
633,652
i
———
503,390
-
475,041
312,319
647,951 d
5,339,066
3,902,349
3,338,377
.
-
...v.1-
.
.
—1—
;
interest,
taxes,
Federal
for
Preferred
.>
stock
770,322.
2,366,988
-
417,204
,U "
.
V
9,178
i
367,417
—'—
taxes
dividends
$2,803,816
$6,518,939
.
-
etc.—————
127,000
payable-payable within
Mortgage St land contract
lT6/02O
$22,648,563 $17,363,804
.
-
:
'S,
...
201,246
—
S: /
/w.,
"•/*• 1
94,850
—
payable
payable
2,071,624
7,268,105
/
.
mortgages
accounts
Accrued
one
year
K
.
0,17ft,
'
•
86,94ft
/ 153,752 J
year
A
preferred
stock
($1
Capital
surplus—
Earned
310,132
734,300
3,204,975
1,536,933
preferred stock
par)
($25
1,499,585
4,001,003
3,840,059
3,385,881
par)-
,
„
3,759,264
—
surplus:
160,936
/.
734,300
3,202,475
stock
6.4%
Common
321,907
—
—
cumulative
1,593,443
1———
—
—
——
Total
3.491,823
3,022,009
Inc") 5^0001
$22,648ft563 $17,363,804.
.
——————
—
1943
$5,478*425
.
161, p, 2598.
2,917,919
579,616
1942
$5,707,451_
SOTUs—For
possible
p 2,868,838
order.
662,676
*"'
mechonicml
H
reasons
is
•'
-
(
16,407
499,372
625,136
Products
269,428
252,024
391,864
fective
V
81,594
class
1,766
*880,000
♦800,000
445,000
$742,133
$731,596
523.687
523.652
.$1.42
$1.39
$904,790
550,000
.
policies
.$i.65
$1.53:
;
,
BALANCE
portion), .$15,680;
—
(after
officer
of
at
nominal
SHEET
cash
/
31,
JULY
value
surrender
($14^211.)
nominal
at
$1;
value,
for
reserve
we re
or
stock
Curb
and
property,
depreciation
of
of
Exchange
class
v.'1///
;
$228,904;
Net
stock
B
payable/
salaries,
the
$16,327,390,
value, $1;- sundry. ?„
plant,
and equip-;1
and
reserve
for
stock
common
accounts
state and
profits,
894,828
local
taxes,
at
the
stock
infcreased
prior
years.
issued
and
reserves
his
In
to
Wallpaper.
heretofore
the
directors
common
of record
of
on
Oct.
stock
Nov.
the
23
been
1945.
company
'
for
the
.•
/
year
jK-1"',//////
1945 is estimated to be ap-iV
An
initial
out
of
of
35
cents
per
share
t-
:>
was
made on Jan.
p./710.
1/
-
the
Book, value of common
close of the last fiscal
the
of
for
at
security
that
the
one time had seven
materials.
'1
r
types
bomb
of
was
war
United
subject
plants
production he
turned
Some of
out
the
by
by
the
earliest
Mr.
.//■'/•':
H.
of
Yates,
United
Yates
/
purposes.
although
war,
William
production
disclosed
information
the
restricted
President
widespread-war
had
•
continued
said
WPB
in
in
"The
famous
several
part:
millions
magnesium
United
incendiary bombs,
for
nearly three years at Aurora.
thousands of parachute flares./
on
-
Doo-
/ "The grinding of magnesium for use in tracer bullets and incendiary
bombs, one of the highly hazardous tasks of war production, was car¬
ried
,
wallpaper
restrictions/ the
devoted exclusively to; pro¬
~
. * . /
to
those dropped on Tokyo early in the war by General
came from the Clearing and Aurora, 111., plants. »//.,/*"
//
From this plant have also
.
Mr.
Yates pointed
reconversion
would
problems, it would be some time before "normal"
be
-r
out that although United did not face tremendous
resumed.
1 All
United
Wallpaper
plants
"are
produc-_
being
now
production requirements," he said.'/
•_
v
"Although paper
restrictions
have recently been
lifted, no new
wallpaper designs may be expected earlier than July, 1946.
This is
geared
to. meet
maximum
'
■'r. ■,/./
■.
distribution
earnings for the year 1944/—V/"162;
to
at
.■
throughout
war
fire
little,
tion
share.
with
/
rant./'
1945
per
corporation's history*
annual report
with $14,196,748 for 1
/ "The packaging of millions of pounds of decontamination powder,"
an
unglamorous but essential phase of war production, was conducted
for several years at Hudson Falls, N. Y." ./;'//
//y;^ ,*■/; 'A
The declaration of this dividend is in
the announced policy of the company that dividends
will be declared from time to time when, in the judgment of the board
of directors, the earnings of the company and its cash position war¬
proximately 54 cents
the
1945, in the
including
a dividend of 50 cents per share/
payable Dec. 15, 1945 to stockhold¬
:./•
$4.08
stockholders,
to
time
stockholders
Wallpaper plants.
declared
(par $13.50)
15,
Dividend—
in
compares
at 2.6
stood
from
$4.32,
first
Much
told
M-69
maintenance reserves,
outstanding, 550,000
shares of.
$173,904;
/ United Gas Improvement Co.—Larger
the
capital
was. reported, as ^3,420,483.xompared .with $2.-»
of the previous fiscal year. . Ratio of current
letter
annual
for
revealed
Regarding
possible additional
for
This
:
ducing
value (including 306,000 shares of $5 par value each at previous /
aggregate stated value of 306,000 shares of no par value, $4,657,318)/
$5,877,318;
capital surplus, $150,411; earned surplus since Aug.
1,
1933, $3,007,059; total, $10,153,259.—V. 161, p. 2377.
The
the
^
close
year.-'
company,
commissions,
of coal lands, $81,145;
payable for purchase of coal
$5 par
ers
and
Cooler
after
to. cbrrent liabilities
assets
production
payable,
purchase
for
highest
ended June 30,
year
stockholders.
to
•%Net/working, capital
'/
insurance
$4,527,336
trade
$110,000;
payable, $137-,500; contracts
(deferred maturities), $115,876;
taxes
Universal
with $526,907
He
wages,
contracts payable
income
of
ail charges including taxes, were/$533,857, com¬
for the fiscal year ended June 30, 1944.
Federal
Income and excess profits taxes and net provision for renegotiation
refund
increased to $1,777,645,
as contrasted
with $862,266 for the
previous yeaiv 4 '
* ) >
'
N
/
f
:
accrued
;
;
tipon'
dtt" Oct. *22'"that
Products, will be terminated.—V. 162, p. 1680.
,
LIABILITIES—Notes'
announced
of
merger
for the
recently
pared
depreciation of $3,467,596, $7,482,173; payments on contracts to
purchase coal reserves,
mineral rights; etc.
(title. subject to com-- .;
pletion of payments), $115,050; payments on leases on coal reserves, /
$11,243; prepaid expenses and deferred charges, $91,525; total $10,-v
•
■
the preceding, year.
purchase
1945
of
sales
reported
issued
for
153,259.
;»*.
Universal Cooler Corp. and Utah Radio
into International Detrola Corp.;" expected to become ef¬
about Oct. 31, dealings .in the convertible participating
Co.
on
A
Net
profits tax. tLoss on sale of contracts to
mineral rights, etc.
life
on
Investments
>
United Wallpaper, Inc.—Annual Report—
/
272,831
545.661
r
,
J
"
245.000
$837,208
York
Stock of Utah Radio
107,134
/;;//• 101'
excess
(non-current
New
effectiveness, of the
reserve
for doubtful receivables of $50,000), $544,627; inven¬
$1,312,719; account receivable from sale of land and equipment
(after
tories,
; "
Effective^—/
Universal Cooler Corp.r—Merger Soon
The
/ ; 559,528
597,929
269,790'
24,363 r;
share—
T.
$2,175,937.
$1,982,970
44,441
5,342*
•'
always
not
to arrange companies in- exact: alphabetical
However, they art always as near alphabetical
"
ASSETS—Cash, $398,632;. United States Treasury tax savings notes,,
C
(including accrued interest), $181,608; accounts receivable.
accordance
and
Inc
for
LIABILITIES
1,338,305
:■/ 265,676
3,629;037'
616,788
547,966
reserves,
Income
100,000
Webster
629,850
$198,917
/
'/■./
—
.
i—-
Total
Notes
series
on
PREFERRED STOCK
&
$1,228,079
404,763
•624,482
rights,' /etc.;««—
rights license (at cost)-Prepaid and deferred items--.
6,386
CONSOLIDATED
«fe
200,000
Blodget
.
Co.
Co.
Stone
Goldman, Sachs & Co— 6,000
K.djtor Peabody & CO. MW»
&
$197,796
$1,228,079
5,620,068
come
Perrin, West
low, Inc.
The First Boston Corp.. 6,000
shs.
Mellon Securities Corp.. 6,000
500,000
—
Kebbon,
750.000
1—750.000
$500,000
Co
Weeden & Co.,.Inc.,
A. G. Edwards & Sons.
1,000 000
Company, In¬
corporated
Blair
$191,943
Buildings, machinery & equipment, net
Construction in progress
$2,182,323
(par $5)
per
$72,200;
Reinholdt & Gardner—
Chas. W. Scranton &
„,Co,
1,000,000
&
—
&
William
•
&
_____
Putnam
•
§$150,149
Land
$5
2.080
—
stk.
•Includes
coal
lands,
ISSUE
Parker
655,000
$822,278
Accounts and securities, drainage districts,
Growing crops
Livestock, products and by-products, ate
Operating supplies
Other investments,
advances, etc
Series
$2,484,338
taxes—
profit
com.
Federal
1
1,000,000
BOND
;/
40,000
$191,943 .%
241,673
Revenue
Receivables
1942
$2,682,315
.
expenses-—^—•
etc.; $198,943;
•,
Aurhincloss,
1.000,000
Phelps, Fenn & Co.—..
Tucker, Anthony & Co.
8troud &
1,000,000
:
...
OF
127,000
-
net.;-
Government
856,851
dividends
White, Weld <fe
$1,200,000
Shields & Company.^.'
1,200,000
Central Republic Co...
1.000,000
S.
731,397
$1,980,890
,
&
The
-
Process
$2,437,150
47,188
Dividends! ■
the
notes tot '
the-adjust-;
■
time. Which
79,274/
{$150,149 /
COMPARATIVE
668,407
1944
626,137"
*
Interest—/—-—
•
by orders of regula-V
to
:
tCrlOO.OOO
.
surplus-
sales.
;
to
-
time
64,372
'
37,442
ASSETS-
1945,
$2,577j517.
104,798
inccme
Gross
ment
1945, pursuant to
337,842
112,868
position-as possible.
;///■>
required
-
229,545
349,969
■
—
tClaim
749,621
3,253,795
3,677,549'
exp.
expenses
Other income—-
par
$5,700,000;and
of
Internal
stockholders
,/1943
1944
1946
mining'—,
gen.
Profit
promissory
purpose
5,089,779
.163,851
-
•
deducting
Provision
$6,88i,203 /$8,682,974
of
Sell.,
(par
indebtedness
approximately
for
company
\,
"
extended
of
company
banks. $9,000,000
required
that
of
t"
the
by
,
Company
sold
funds
tory commissions.'
as
payment
4,678.315
273,393
opers
loss,
Balance to
787,906
-
3,283*138'
;
Sqles
Mississippi River Power Company redeemed on July J, 1944 all of its
$15,161,900 first mortgage 5% 40-year bonds, most of the funds for
which were supplied by the
company's capital contribution of $9,-!
and
wm::
and
taxes
Catastrophe
.
560,000
32,14®
$6;ll8,t66 ' $7,819,522 ^
5,590.240
..".// 9,651
income
Profit from
876,253
814,469
^
the
by
on
the basis of equivalent
Z;/'v/1
-
.
of
held
Co.
Power
•
shares
then
$7,587,375
36,213
>■-
Sept. 30,
*
$6,082,573
.
inc.
■
related
—V.
Other
Co.
r',
•
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED JULY 31
-•
Electric
"
Reaitp
Long term debt (not' incl. payments due Within
806,470
.
.
Total
was
into
Electric
values.
stated
of
converted
company
and
stock
common
"
'1942
1943
'
143.486
taxes
for
•
\
.1945
.
Cuba/.—
Shs.
of,
1/ '
before
.
operating mines for the year
from such mines for the last
five
company's
tons.
follows:
as
Years Ended
shares
Co.-
related
Prov.
some
3,283,138
was
Federal
Electric
;1944'
$6,189,401"
*
company'! Euckheart and Cuba coals;
the
as
merged into Union Electric Power
Co. as a lesult of which.the latter company acquired all of the prop¬
erties of the former, including, the properties theretofore acquired from;
Mississippi River Power Co.
As a part of such merger, the 486,000
Union
Iowa
(4)
June
or
306,316
than
deductions
open
19 028
cancelled.
were
on
and $1,725,000 oa
"
share of
for each
stock
before
or
$6,332,887.
expenses
Other
years, was revived, and acquired and is now*
pit mine at Rushville, 111.
Such acquisition was
financed largely through advances from the parent company.
This
property has an estimated annual capacity of approximately 225,000
tons, and the coal is from the seam and has the same characteristics
was
preferred
on
$1,675,000
1949;
7,655,244
cor-?
Interest/.
26 stSted 'ini part 4S -follows:
wholly-owned subsidiary which has
President, Sept.
shares of preferred stock of Mississippi
Depreciatlon
"
purchased by the-company, together wlth-yV Depletion—L,f
tLoss on sale of contracts
common stock of that company owned by
the
the
50V
$7, 908,274t
——
convenience
1945
1
revs-
and
other
and
$7.25 per share.
$8,806,568 or
poration
.
such
.
of
amount
decided- that
have
theretofore
shares
159.592
such
of
1, 1047;
before June 1,
$7,854,796
net.—53,478
oper.
sales
Taxes,
.
fourths
with
1, / 1950,
Depreciation
$1,038,632
"
in
arrears
operating an
merged into the company as a
result
of
which
the
company
acquired trie
remaining assets oi,
Mississippi River Power Co?,
including such additional shares of
common
stock of Iowa Union Electric Co,
As .a part of such merger,;
the 63,316 shares of prefered stock of Mississippi River Power Co.
not
purchased by the, company pursuant to the above offer were'
converted share for share into 63,316 shares of preferred stock. $4.50.
series,- of the company,; and the holders of the shares so converted
jeceived a cash payment of $2 per share or an aggregate of $126,632,;
together with a cash- adjustment- on account of accrued dividends;
the 408 shares of common stock of Mississippi River Power Co., which; '
were held bv others than tne company, were converted into 306 shares
of preferred stock. $4.50 series, of the company at the rate of threeMississippi River Power Co.
(3)
+29,700
$605,622
5,
Dec.
"
Frank J, Kolbe,
additional
-
,
$750,000
June
Patents
not
common
share.
per
$7,500,000
Development Corp. the entire outstanding capital stocks of five
in consideration of 40,000 shares of common stock in
1 Total
Cost of
39,199
9,321
61,600
United Electric Coal Cos.—Annual Report—
the SEC and
in exchange for 455:000
stock (no par),
company's
latter
$45
Co.
Electric
Union
been
stock
Reconstruc¬
the
Other Income,
stock
ties,
the
payable
or
on
'
for Federal excess profits tax.
tAdjusted to
received on shares of Philadelphia
distributed to preference stockholders un¬
required
common
Fidelity/ S 1,435,047 , ^ ^i,347v722'Freeburg
t
^223,473rr- 241^14
Solar-;
- f• 3,679-:
Iowa
'
$387,350 > $464,434
Buckheart—————'
of
from
INCOME ACCOUNT YEARS ENDED JUNE 30
as
well as of the corporation's management will be better served by
holding the annual meeting of stockholders on the second Wednesday
of April in each year rather than on the first Wednesday of March.
This change will be effective for next year's meeting.—V. 162, pj 504.
Mississippi River Power Co. transferred all of its physical prop¬
(except properties located
in Missouri consisting principally
of transmission lines), together with certain current assets and liabili¬
value of
has
preferred
31/ 1944, the corporation heguited from 'Clewiston'
Net sales &
20,944
—..
t$547,84043,529
10,177
$487,004
—
directors
The
(2)
tc
loan
of
amount
indebtedness
then
thereon
dividend
treasury of United States Sugar Corp.
1,140
erties
stated
is
before
or
$1,126,669
Annual Meeting Date Changed—
;
19,028 shares of the 6% cumulative' PJ"®*.
ferred stock of Mississippi River Power Co. (of which there were 82,344
shares
outstanding)
tendered for that purpose in -response to the
company's offer under the terms of the plan, at $115 per share, or an
aggregate of $2,188,220, plus accrued dividends, and sold -to banks
$2,000,000 of promissory notes to obtain funds for such purchase.
shares
June
to
1943
1944
t$546,527
$487,004
-
cating a net unrealized appreciation of $2,892,257.
Dividends on the $3 cumulative preference stock on
purchased
(1) Company
loan
on
$1,675,000
As of Aug.
During the three months ended Sept. 30, 1945, there were exchanged
151,823 shares of $3 cumulative preference stock for 303,646 shares
of Delaware Power & Light Co. common stock and $910,938 in cash
In
accordance
with
the
plan1, for
exchange dated June 19,
1945.
As provided in the plan there were acquired 335 shares of Delaware
Power
& Light
Co. common stock to provide the shares necessary
to round, out fractions resulting
from prorations of shares accepted.
Total investments in stocks of corporations had an indicated market
value at Sept. 30,
1945, of $101,554,703 based upon last quotations
at
the close of business on Sept. 30, 1945, on the New York Stock
Exchange and the New York Curb Exchange as compared with the
book amount of such investments of $98,662,446 at that date, indi¬
\
,
amended, and to the orders of
regulatory commissions having Jurisdiction;
other
'>
C'
for Fed. inc. tux)
dividend
Co.
dividend.
£?Ver
the plan, as
the
in
Since
Interest
55
of
collateral
and
mortgage
Such
1948;
before
St
71,755
prov.
provision
eliminate
1945,
/"V
companies.;,'
two
the
plus
shares
with
provision
for
annual
sinking-fund
longest maturity equal to the greater of either the.
amount by which 50%
of net' earnings before depreciation but after
Federal Income and related taxes, or the amount by which allowance'
for depreciation or special amortization of facilities, exceeds the principal amount of Indebtedness due andpayable within- a' fiscal -year**
(& Subs.)—-Earnings—
—
Federal
income—
Electric
Electric
Pursuant to
1,
applicable
/;//|/./. - /
•
for
Net
f^ ^opMlation of the
The consummation of,„the plan effected a
reduction
in annual
fixed charges,,.of,the system and
Certain tax economies as well as other economies through the
tion
W'!
expenses-
(excl.
*Prov.
public.
(he
.
Total'
Taxes
served by the company
EJe®*ric£0'
located
Union
• •//;
$1,250,000
14,097
Corporation
$1,675,000
June
$7,975,876
$8,335,494
„r_,1,312
Current
physical Droperties
in Missouri) and of Iowa Union
,
power
Power Co., the elimination of Mississippi RJttj Power,
Co
and
Iowa Union Electric Co. as separate corporate entitles
and
the combination oi the Missouri properties of Mississippi River Power
Co. with those of the company, which is now the .°nly_company in th~
Union Electric System having securities outstanding m the hands of
the
all
1946;
0+34.793
270,000
559,000
$8,858,392
$4,289,504
—
Finance
A
of
»
Mississippi River
of which the
was simplified through the combination oi
of Mississippi River Power Co.
l0^
Co.
Income
value.
par
diversification.
$13,897,630
$13,862,837
4,491.026
5,886,960
5.706,163''
7t/
279,300
•;
Profit from sale of "investments—-
filed by the company's former subsidiary,
with the SEC was consummated, as a result
fication,
Power
v
Interest
at approximately 197,000.
E'ectric Power Co,
SIMPLIFICATION-^ June 1
CORPORATE
.
J
49,601
ad¬
United Corp. (Del.)
•'
'
•
population of the territories
approximately 1,199,000, and
aggregate
estimated
trite;
71,560"^-
•
3,059,379
_
Income—Dividends
iri^St. Lo«fs•
service in the d wntov.n bu.
heating
Company also furnishes steam
section of St, Louis,' «,
ness
territory served by Union
24,597-
3 Months Ended Sept. 30—
-
of
Electric Power
fs
•
-M:
by end of fiscal year.
stockholder
issuance of
companies,
approximately 85%
date,
®PfJ.a,'e^fli^
"J"1**
public
the
for post-war
V. 162, p.' 1932.-' •- ^
Prior to March 31. 1945. the company-did
utility electric business in St. Louis.
As of^that
the * company
acquired the
properties and business
Laclede Power & Light Co.. which did the balance ol the pubj ■
electric business in St. Louis.
The major portion oi the electric energy
requirements of the company is purchased frorn Union
Co. and substantially the entire balance is produced by the company
in its Osage plant located in central Missouri approximately
136 ma
west of St. Louis and in its steam electric plants
plant.
of
5,351,161®
'
participation by 12 banks has been consummated (as of July 1, 1945)/
the
proceeds
thereof being used to reimburse working capital and
to
provide funds
in connection
with
program
for
expansion
and
primarily in the
is engaged
company
deductions
Net
transmission, distribution
and sale of electric energy, which it generates and purchases from its
subsidiary, Union Electric Power Co.
The territory
kfJ?
«omnanv
includes the City of St. Louis, Mo.
(population .816,000),
portions of five counties in Missouri adjacent to St. Louis,
of three counties in Missouri near the company s Osage hydroelectric
;
5,639,887
5,407,842
2,712,974
justments
A
merger of the
the company, through the
Union Electric Power Co.
,
.-»
100,300
$7,628,184 $15,123,556 $13,096,521
Prov.
Union
subsidiary of
820,000
74,000
-
<net)__-
Total
subsidiary of the company formerly named
of
Illinois» acquired the Illinois and Iowa properties of
River Power Co. and of Iowa Union Electric Co,, another
MissisciDDi
1,960,000
58,800
o?
(a
Co
1,783,800
$7,603,587 $15,051,939f $13,046,919
revenues-—,
revs;
consummated
by
without
or
u
sssft-55.
4,933,000
tion
•
Income
Gross
corporate structure.
^quire^Jhe^ M^^rt pro^rties
company
oper,
Non-oper.
of the
was
?lan hofW simpSieation,
4,500,000
■
incorporated
number of
COMPANY—Company
3,802,400
1,831,700
28,700
tax
i
*
taxes
been
principal
satisfied
deprec.—;
for
Net
lS%£72%1946
notes maturing Feb. 26 194 ,
of simplification
iectioa with the plan
the
Prov.
7,975,070
——-~
banks on May 26, 1945, in con
sold to seven
and
issued
we«
profits
credits)
income
to
^
:
Bitting, President/Sept. 11, stated in part as follows:
of the program for expansion and diversification had
Financing
not
Sugar Corp.—Annual Report—
R.
Clarence
and
1,969,600
excess
(less
'
available to
^J^s ir^ufdinl
the next, few y
-
and will be
company's cash requirements over
substantial amount of new
$2,000,000 lace amount of promissory
the
thJoh
Fed.
acquisition
company's general funds
■_
tax
normal
■Other
and
*
revenues
surtax
$9,000,000
by the permanent financing of the
business will initially become part
provided
funds
surh
Fed.
1945,
Laclede
.
oper.
Operating expenses
a
on
March,
V
; /y
,
.
permanent basis of the purchase in
of the properties and business of
Power & Light Co.. the adjusted purchase
$8,439,909 having been temporarily financed
financing
<b)
;
1945. to replace a
June 28.
,
/
issued
notes
promissory
outstanding
of
payment
Calendar Years1942
",/■/.' 1944
1943
$26,339,560 $48,609,025 $47,142,311 $44,273,286
12,192,999
22,560,875 22,031,505 19.H4.51i
6 Mos. End.
June 30/45.
i,nd dividends) will amount to $16,975,070. Company intends to apply
a)
such amount as follows:
equal to
unds
W
United States
INCOME STATEMENT
CONSOLIDATED
to be received by the company from the
being offered (exclusive of accrued interest
proceeds
the securities
of
Monday, October 29, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
fe064
to
to
30,
permit the immediate manufacture of millions of rolls of wallpaper
replenish the depleted stocks of the company's distributors," he
«•> " i
-/■ -'/*/ /•
"/
•
*
nnMPrt
*"l/%"/':"/v added
iitit
1
a,
L Hi.fi
■"
'
v/'/.-
'
.Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4433
INCOME
ACCOUNT,
YEARS
ENDED JUNE
30
Virginia Electric & Power Co. —Earnings—
(Including Domestic Subsidiaries)
Years End. June 30—
Net
sales
Cost
of
1945
Period End. Aug.
1942
$8,132,219
6,246,776
$16,327,390 $14,196,748 $10,226,402
11,753,835
10,978,201
8,231,290
___
goods sold
Operating
31—
1945—Month—1944
Operation
1943
1944
$3,309,591
...
profit
•
sales
paper
Profit
wall-
on
miscell.
on
$4,573,555
4,352
sales
$3,218,546
'/.I ;v'.
of
plant
adjustments
$1,885,443
6,870
$1,995,111
2,646
Dr2,002
•Federal
Other
Gross
prof.
fr.
opers.
$4,577,907
$3,216,543
$1,997,757
57,764
594,199
1,635,330
1,013,466
Y/ 887,707
Sell.,
Net
gen.
&
adminis¬
trative
expenses
,
■,
Net profit fr.. opers..
$2,349,109 $1,581,213 y $984,291
V 63,891
132,279 -Y 109,222
vv''--
•863,474
•490,527
'*397,275
90,000
for
Net
inc.
tax
Divs.
Y
•1,783,294
contingencies,
,
on
$533,857
pfd.
pr.
Common
stock-
•Includes
Federal
J...,">■ '\v.
fe5: $0-41
$0.41
profits
war
contracts.'
i
and
$0.30
State
1
income
i
•
..
•-i.'-Vft.-:1'1? •v-^' "*"■■
United
receivable
States
(after
$2,262,825;
savings bonds,
war
for
reserve
merchandise
doubtful notes
and
victory
l''r.V
;
of
accounts
$216,184),
investments in and
lish
income
and
profits
excess
$246,500;
taxes),
of
the
subsidiary's
fiscal
amounted
year)
like amount for the year, ended June 30, 1945.
'The company has granted an option
(which was
Oct. 5,
at
$2
each
(par
value),
which
option
1213.
;
,
that
the
"Magicwire,"
-
-
this
by
is. a portable recording reproducing device capable of mak¬
recordings on a moving steel wire and reproducing them imraer
diately.
It accomplishes this by producing small magnets along the
company,
apart
-
and
according
the
to
which
announcement
tests
as
ture,
vibration
or
record
have
in
effect
no
position,
any
the
climate,
and
to
easy
has
wire
the
it
to
its
wire
used
operation.
purpose,
it may be cleared
for
another recording.
A
is always erased from
The
complete
always
ready
115-volt,
the
of
In
for
the wire while the
unit
for
for
is
contained
instantaneous
60-cycle
unit
all
to
A
alternating
connection
in
v
a
is
carrying
designed
Provision
of
source
record
is
to
;;;;
IP profits tax
Post-war credit of
operated
recorder
home
The
Jan.
radio
is
"Magicwire"
1,
1946,
Microphone,
and in
also
expected
be
to
A
outside
use
and
will
be
available
sell
recording
,
and
it
grant
the
'
will
for
the
new
a
larger number of1
handling of telegraph traffic
provide
uses
such
as
Telefax
accessories
will
be
of
Cooler
Corp.
E.
It
licenses.
has
been
successful
162,
p.
$343,757),
/'■'
and
in
bank),
"•
' -
$76v981
$39,025
$0.30
V;
SHEET, SEPT. 30,
hand
:
$44,593
$0.35
stock-J
on
250,000
Cr22,500
I
,
.
$0.60
-
,
-1945V':
$725,298;
accounts
receiv¬
life Insurance, $108,351;
$17,833; total, $3,053,784.
and
prepaid expenses
$807,042;
;
*
Wisconsin Power & Light Co.—Request Granted— ;
I? The ^company's
proposal to solicit proxies in connection with a
special meeting of stockholders to be held next month to vote on
proposed amendments to the company's articles of organization' and
■:
its proposal to sell $3,800,000 of 2%
serial notes has been authorized
by the SEC."
i.: v^'-y
Asks Private Sale of Stock—
;
meeting
in
circuit1 is
experimental
-The
Union
relay
Buildings
towers
Weyerhauser,
1000.
157, p.
New
all
.
The
for
to
,
company has amended its application pending before the ICC?
authority to issue common'Stock, preferred stock, and serial notea
provide for private instead of public sale Of the new common stock.
North. West
,
shares
l-fund
as,
($10)
its
The
..
of "the
Utilities
cqmmon
7%
company
has
Co.
company
6%
and
agreed to.pay par for the 456,009
plans to issue to secure funds to re-
j'preferred'-stocks:^*
informed
the
that it
ICC
possible to
not
was
price, at competitive; bidding at present.
good?
secure
'
; ■-"
^..
v
Company has asked the Comniisslon, for authority, (o/issue $l2,00d,000 of 4j/2% preferred stock in exchange for an equal amount of its
6%
and 7%
preferred stock; to issue $3,800,000; of 2%
unsecured
serial notes to banks for the purpose of retiring'a like amount of
214% and 2%% serial notes; and for permission to sell $4,500,000 of
common stock.—-V.
162, p. 1680.
-
at
operation
in
New York and Philadelphia,
New
Brunswick
and
Borden-
in
^
Electric output of
;
Co.—Obituary—
President,
died
Paul,
St.
in
Minn.,
this corporation for the week ended Oct. 20,-1945,
as compared
with 11.529,000 kwh. for thS
kwh.,
:
^^:'v'1
on
5
Woodall Industries, Inc.—New Financing Proposed—
special meeting of stockholders will be-held Nov. 5 for- the purfcosb
authorizing increased capitalization for the company's post-war, ex¬
a
•
of
pansion, program already under way.
A preferred stock issue is included in
the proposed financing plan,
President, confirmed.
Recent purchase bf the business
Fabricators, Inc., New York, with annual sales
volume of approximately. $2,000,000, marks the start of expansion on
a nationwide
scale, he said.
\v'- V:"v
Additional options have been secured, he disclosed, for the purchase
of another similar company in Chicago, including all assets of a re¬
lated enterprise, whose total annual sales exceed $2,500,000.
/
"Immediate plans,"
Mr. Woodall said, "include the acquisition of
H.
J.
and
Co.—Expansion, Etc.—
Fuel & Iron C6rp. above.—V.
11,260^000
V''; y'y '
;
corresponding week last year, a decrease of 2.3%.—V. 162, p. 1932.
/
.,
V.
Corp^Weekly^ Output—
Wisconsin Public Service
J62, p, 1932.
York
162, p. 1559.
Offered-r-An under-
Woodall,
assets
of
Board
Government-owned
certain
that
facilities
were
used
in
our
war
pro¬
writing group headed by A. G. Becker & Co., Inc., on Oct.
26 offered 35,000 shares of $4.25 cum. preferred stock
(no par) at $103 per share, subject, with respect to 33,-
optional
program, and the purchase of other business enterprises en¬
gaged in the same character of manufacturing operations as the New
York and Chicago companies'now being merged.
The plan is to acquire
additional companies at other strategic centers, and integrate their
present,stock-
operations and management with our own facilities in order tq provide
a national fabricating service to industry."—V.
162, p. 1680.
to prior exchange rights of
639 shares,
above.—V.
116,276
Cr 10,059
payable, v $150,097; accrued items, $39,108;
Federal and
State
income
taxes, $644,455; capital stock, $137,000;
capital surplus, $632,237; earned surplus," $1,483,511; treasury stock;
Dr$32,624; total. $3.053,784.—V. 162, p. 1031. "
"Triangle" involves the installation of terminal
Wieboldt Stores; Inc.—Pfd. Stock
addition to cost.
Universal
•
x•
:
(on
.!■
LIABILITIES—Accounts
1
Wickwire Spencer Steel
Merger Soon Effective—
\ See
343
6,250
157,633
,
BALANCE
deferred charges,
(facsimile)
was stated,
and
for
the proposed
Western
See Colorado
of
for
other
$311,074?
6
.■
(net), $320,117; inventories, $899,234; post-war refund of excess
profits taxes, $175,908; plant, property and equipment (after reserves
Stock Exchange has authorized the; listing of
$6,000,000 general and
refunding mortgage 2%%. bonds, series A,
dated Sept.
1, 1945, due Sept. 1, 1992, which bonds are issued and
outstanding.—V. 162, p. 1932.
.J"'J
general consumption about
approximately $300 plus excise tax.
for
meter,
$151,052
'J:yV 5,804
;L_.
ASSETS—Cash
-sr
will
$210,323
i
-
able
provided the experience required
nation-wide radio relay system,
agreement with RCA, the telegraph company has the right
inventions of RCA and those under which RCA has the
is.—v.
The
is
self-contained battery
for
~11
i
;
share
per
,
radio system along the
approval is obtained and
v;..
v
r
;
:
power.
offered
i
Net profit
Earnings
Wheeling & Lake Erie By.—fisting of Bonds—
at
field.
6,9%?
4,104
•.
profits taxes
exc.
.J-V"\?C: y* V
••.V'',
y
cities and the construction
21 intermediate
mountains or hills ranging from 14 to 54 miles
elevations up to 2,900 feet.
The towers will be
having
Frederick
Oct.
post-war period this company will manufacture these sets
by radio stations; for use in the hemes as a recording instru¬
and for non-commercial entertainment.
ment;
$305,077*
$146^947
$205,971
4,352
Federal normal and surtax & excess
and
and
operations
I.,
totaled
operate on
the rear
made
:
systems
Weyerhaeuser Timber
recording
case
government
town, n. J. yy-y '<;y s-yit-:; ■
'v:
y':' ?
[See also tinder ''Radio Corp. of America" above.3<^V*.
.
recording is being made.
small
It
use.
current.
to
new
a
its
of
734,615
118,095
141,039
174,954
^
charges to income_____
Pennsylvania income taxes
four
intermediate
with
tempera¬
previous
553,671
736,854
general expenses
from
$1,157178'*
Other
the
use
the
an
use
right
select
served
same
on
profit
$841,658
,
',.fe
on
foundation
'■Si Under
further
timing device
only the portion of the recording that the
listener
wishes
to
hear.. Recordings made
on
the "Magicwire" > are
permanent or temporary, as desired. ] Permanent recordings may be
stored- indefinitely
with
no
deterioration
of
any
kind.
The
wire
recording may be played back thousands of times without Sign of
change from its original quality.
At any time when the recording
makes
Net
established
an
available
of the
the
towers
imposed,
a
'
will
&
Other income
Radio Ilelay Plan
,
Commission.
between
"Magicwire"
admin.
1943
1944
.
,
adds:
The
emergency
from 60 to 120, feet in height.
The sites for the relay stations have
teen >acquirecL;',;•
:: v ./•-; vv.v
••• •••
;
• '
y~An
experimental radio relay circuit was established between New
York and Philadelphia last spring in cooperation with the Radio Corpo¬
ration of America and with the sanction of the Federal Communi¬
cations
moving wire according to the frequency and intensity of the audio
signal, and--converting^ the
"peaks"
and
'.'valleys" of the moving
magnetic field thus produced into sound by suitable electrical and
means,
sales__'_^___'____
cost of
Selling,
\
for
-
in
in
ing
mechanical
.
relay
now
'
equipment
!
;
manufactured
as
are
and
relays
'
announced
until
satisfactory,
provide circuits for
Establishment
*
expires
v S
' '
account
radio
than
also
stated.
I
-'.y■
is
as
Total
1945
$1,117,780
'
approved by the
to its President to purchase 10,000 shares
1943)
stock,
of
will
...
Utah'RaCdlo Products Co.—Wire Recorder Data-*4It
allowable
the
and
-
.
special leased, networks.; required by large _userp
"vof-the'teiejgraph."":'^;.':'' 'i
'xyyy
In
its
first major move to use radio relays, the Western
Union
Telegraph Co. has applied to the Federal Communications Commission
for permission to establish experimental radio relay systems between
New York and Washington, New York and Pittsburgh and Washington '
and
Pittsburgh, and a
secondary system between New
York and
Philadelphia.!'
-.7! "f* ii
"v'-! :
This first step, a part of Western Union's extensive
post-war im¬
provement program, is known as "The New York-W.ashington-Plttsburgh Triangle."-':Its establishment in time will permit the removal
of approximately 2,500 miles of pole lines, with some 54,000 miles of
wires and
180 miles of aerial and underground cable,
the company
to
.
„
p.
facilities
of
-
allowances
frequency radio relay systems with towers about 30
major cities of the United States durirife the
this
use
'operation;
a
5," 1948.—V. 161,
amortization
proved
and
$179,160, based on. an audit report of other accountants.
The equity
la the other subsidiary company at June 30, 1945, based on unaudited
statements, amounted to $7,493 before providing for taxes on income
•i
separately below,
and
for
1944, $2,091,177 related to
$7,228,029;
b.
Sept. 30—
sales, less disc. & returns &
3 Months Ended
Gross
$5,236,154 : $3,719,395
jjfnion^^Telegraph Coj-^Files
channels
..
Oct.
from
on
has
The
that.year.
;
u'C'7;
"*rThis consolidated balance sheet does not include the equity of United
Wallpaper, Inc. in the undistributed earnings of two subsidiary com¬
panies not consolidated.
The equity in one subsidiary company at
on
surplus
shown
as
of
existing contracts permit.
of the management, no refund of excessive profits is expected
that year, a It is also the opinion of the management that the
prevision ' forf; renegotiation for
the year ended June 30,
1945
is
adequate-to cover the amount, if any, that may be refundable for
common
and
Radio
removed
its
stock
a,
,v.
Willson Products, Inc.—Earnings—
between the
apart
route
stockholders
1,447,348
1680.*;:
p.
relay systems ultimately,, will replace many.; of the familiar
pole lines and hundreds of thousands of miles of wire in the 2,300,000mile telegraph network, Mr. Williams
predicted,/but ho lines will be,
-
for
of
$4,955,346
1,235,951
requirements
1945
super-high
miles
opinion
i.
$6,683,503
f~Radio to Supplant Telegraph Wires—
NOTES—Proceedings covering renegotiation of war contracts for the
year ended June 30,
1944 have not been completed; however, in the
of
$528,861
'
the
less
■f A. N., Williams, President, oh Oct. 22,* announced a plan to estab¬
(Federal
end
358,467
that
'
preference stock ($100 par value), $700,000; common stock
value), issued, $2,376,180; capital surplus, $994,666; earned
surplus since July 1, 1939 ($6,200 restricted by purchase of treasury
stock), $1,756,404; less 3,100 shares of common treasury stock at cost,
Dr$6,200; total, $8,170,031.
; \ *
(the
957,100
remaining 1,361 cumulative preferred sharer, of the initial series
sold to underwriters for resale to the public.
It is anticipate^
dividend rate on the new cumulative preferred will be not
than $4
and not .more than $4.25 per share a
year.-rrV. 162,,
The
will be
Total
par
1945
44,251
$491,673
reductions
of
^Western
security
31,
2,190,938
$4,596,879
.
prior
May
dividend
tResulting
accounts
to
contingencies
<$2
2,834,835
$5,726,402
facilities under the Internal Revenue Code,
which facilities are ex¬
pected to be employed throughout their normal life and not to replace *
existing facilities.—V. 162, p, 1442.
;.-j
:
>;
~
- *4\
Joan 'bonds,
and
payable, $249,217; employees' income and
tax withheld, $26,738; accrued Federal income and exc.
profits taxes and renegotiation of war contracts (less $500,000 United
States Treasury tax savings notes), $1,529,572; other taxes
accrued,
$78,169; accrued payroll, commissions, bonuses, etc., $218,784; reserve
6%
234,379
$484,610
applied against items charged directly to surplus.
LIABILITIES—Accounts
for
196,825
Federal
for common
months
12
;
^charges, >$444,594;;; tote^
f
In addition,
19,689 cumulative preferred shares will be offered In
exchange on the basis of 0.51 for one for 38,606 of the 58,606 Out¬
standing 6rU preferred shares.
*,
•
" ■
$6,787,817
97,513
in
•Excluding
in
and
taxes
notes
inventories,
$8,561,238
*
receivables,
social
$6,703,100
Y; 92,568 h
84,717
$394,160
"
Preferred
~$o~43
;■■■
,
.
$2,700;
amortiz.__
Balance
Balance
$1,666,563;
subsidiary companies not consolidated,
$52,395;
other
$229,442; property, plant and equipment (after reserves
depreciation and amortization of $2,414,912), $1,920,637; deferred
advances
for
$718,989
income taxes
\v■'\
'
and
income
42,000
ASSETS—Cash, $1,545,830; Dominion' of Canada
$45,045;
$590,986
are
subordinate
be
preferred shares on which the dividend is $5 annually.
In
addition, holders of prior preferred shares will receive the difference
the' redemption
of their shares—$103 plus accrued divi¬
dends—and the initial public offering price of the cumulative pre-,
ferred shares.
/
'
$8,653,806
2,647
•
will
between
3,155,141
114,594
'
CONSOLIDATED BALANCE SHEET, JUNE 30, 1945
/
$716,342
8,823
(net)
to be issued at present.
to the prior pre-,,
preferred shares.
shares
common
preferred
shares, but will be senior to the 6
prior
325,512
''7,617,389
$599,809
revenues
tReduction
$551,002
42,000
117,009
excess
1945 renegotiation of
;
Net
87,343
$394,792
42,000
•
117,749
share._
com.
$526,907
42,000
dividends
per
Interest
31,014
<_
income
Earns,
$1,690,436
164,238
Fed.
for
693,168
8,299,086
3,542,919
751,391-
additional.
of
81,500
Income charges
Prov.
oper.
Balance
$1,035,620
210,054
$1,048,182
81,363
Gross income
Prov.
57,764
342,380
...—
Other income
$1,004,606
$2,481,389-
Other income credits
"
275,119
taxes.; r "
i
the
cumulative
Under the recapitalization plan an initial series of 35,000 shares
the cumulative preferred stock will be issued.
Of these shares, 13,950
will be offered in exchange share-for-share for the 13,950 outstanding
acquis.
income
taxes
shares.
common
of
new
ferred
$1,892,313
2,228,797
:
None
The
$4,282,696 $45,273,947 $39,053,265
1,779,272
17,498,255
15,369,463
313,994
3,373,390
2,922,756
321,551
3,213,320
2,959,901
1,320,368
228,894
Maintenance
Amort,
additional
1945—12 Mos.—1944
233,436
revenues
Depreciation
Gross
2065
'
holders.
1680.
duction
-
•
outstanding $5 prior preferred stock is exchange¬
able for the new on a share-for-share basis; the outstand¬
The
Victor Equipment Co.—Partial Redemption—
".The
$17.50
ican
of
its
per share
Trust
Each
and
Co., 464
share
of
dividends.
California
preferred
Payment
will be
St., San Francisco,
stock is convertible into
made
at
the
Amer¬
common
'
-V;:.I"-;.'V. ?
.•
•Adjusted.
-i
on
Corp^-Earnings—
'
1
.
p. 1680.
\T
Greater
New
announces
a
York
Safety
new
Course
in
Safety Training for Super¬
visors, Foreman and othefs inter¬
ested
in accident prevention
in
the principles of Industrial Acci¬
dent
'
'
"
Control,
as
outlined
enclosed
program.
provided
at
no
This
in
the
course,
cost whatever,
is
instruction
*1944
"
New Preferred hnd Increase in' Common
$1>254,999
;.
$2.09
*
of
The
new
York at 7 to 8 p.m.' The program
is made known as follows;
Oct. 30—Accident Cost Factors;
Nov.
7—Safety
Instructions
as
part of Job Instruction; Nov. 13—
Combining Safe Practices with
Job Analysis and Methods; Nov.
20—How!
What!
Why! of Acci¬
dent Prevention; Nov. 27—Open
.
,
.
designed to provide
in practical methods of accident
control.
This
out is not
vious
a
course
it is pointed
repetition of
course.
any pre¬
The dates announced
FHA Insured 1,000 Homes
Weekly From May-August
Oct. 30, Nov. 7, 13, 20 and 27.
The courses will take place at
strictions
on
the
tions
construct
are
Hotel
Pennsylvania,
New
Despite
to
on
wartime re¬
building, applica¬
nine
Oct. 15 of all restrictions
new
homes
home
on
building, this volume may be ex¬
pected to increase rapidly pro¬
vided
manpower
and
materials
become available, Mr. Foley said.
advices
The
from
said:
It
the
FHA, also
V .V.
was
,■
the first time since
under
the
Title
VI
war
,
$5.33 i
:
i
.
1943 before provisions for renegotiation for that year,, and
with the earnings reported for the first six months of
line
iBefore
tiation.—V.
tAfter reserve for renego--
provision for renegotiation,
p. 924. •
162.
averaged 4,000 month¬
cedure, had
.
provisions in the third quarter for 1944 renegotiatidn.
provisions the company states the net income for the
was slightly in excess of that reported for the first nine
housing program, that applications
under Title II, the peacetime pro¬
A total of 16,533 such ap¬
plications for mortgage insurance
were
received
by
FHA
field
offices during the four months
ly.
sured
mortgage may-, be for as
long as 25 years.
Above $6,000,
the FHA may- insure 90% of the
first
$6,000
and
80%
of the
amount above that up to $10,000
with a term of up to 20 years.
The
maximum
mortgage
which
period.: These applications were may be insured on any one-toall for one-to-four family dwell- {four family residence is $16,000.
ings and most of them were for .Under the
new
single familyv houses which: are repaid
are insured
under Section 203. ' J stallments,
FHA plan the loans
in equal monthly inoften Jess' than rent
FHA, under this section, may for comparable properties, which
insure up to 90% of the appraised ; include a payment on. principal,
value
April, house
1942, when FHA operations were
placed
share*.
•
these
months
in
1944.
19 approved an, issue. of * 50,000 shares
stock and the authorization of 160,000
through FHA's insured financing
program, exclusive of war hous¬
ing, averaged 1,000 a week during
the four month period from May
through
August,
Commissioner
Raymond M. Foley of the Federal
Housing Administration reported
on
Oct. 13.
With the lifting on
necessary
,
Oct.
preferred
cumulative
corn,
per
to
months of
was
stockholders
».
•After certain
Prior
Stock Ap-
1942
1943
t$3,073,457 ; $2,018,68?
' 274.870 .•
266,000
$5.86
$9.38
$5.70
•$2,129,893
280,082
/ 280.082
969,816
shs. outstanding
Earns,
K:;pr6ved3 I ?
....
Forum.
Com.
'
1944
1945
30—
after prov. for
Federal taxes
pressly subordinated.—V. 162, p..4680.y\vjJ,,■ '<
-
-
,
Safety Training €ourie
Council
'v '
tAfter all charges, including Federal income ahd excess
profits;taxes.—V. 162,
The
.
'' 11945
$1,300,589
600,000 shares.^—^ $2.17
Years Ended June 30—
INet income
Earnings per share
'
iv,
Warren Petroleum
•*
9 Mos. End. Sept.
present financing will retire all the prior pre¬
ferred stock, and the $4.25 stock will become the senior
stock in the capital structure, the 6% stock being ex¬
shares
-Earnings— ;
'i(Including Domestic Subsidiaries)
Net prof,
The
vatian^vtime^priojr to Npy«15, L945>^. ^62, - p.
.
i
Oct, 30.
Calif.
two
Worthington Pump & Machinery Corp.
ing 6% preferred ($50 par) at the rate of one share for
51/100 share of the $4.25 stock.
Exchange rights expire
has called for redemption on Nov. 15, next, 20,000
outstanding convertible cumulative preferred stock at*
company
shares
of
a
new
single family interest of not more than 4 Vk %,
by the owner taxes, hazard insurance and one-
to be occupied
and which is valued by
the FHA
than $6,000.
The in¬
at
no
more
half
of
one
insurance
per
cent
premium.
mortgage
■
Mondajr, .October 29,.1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2066
...
State and
'%
City department
BOND PROPOSALS AND NEGOTIATIONS
Maricppa County Sch. Dist. HQ,
(P. O. Phoenix), Ariz.
sewage treatment plant
will be submitted to the
bonds
bonds offered for sale on Oct. 22
162, p. 1443—were awarded
voters, at the election
—V.
greater number of
those in Worjd War II, coupled
with greater benefits for veterans,
will result in the greatly increased
tax
exemptions,
according
to
to be 'held
Refnes, Ely, Beck & Co., of
Riverside
County,
Corona
Ele.
Phoenix, at a price of 100.273, a
Sch,' Dist. (P. O. Riverside),
net interest
cost of 2.28%, for.
California.
bonds bearing interest at the rate
to
the first lJ/4 years, and
thereafter.
Interest J-D.
~
~
Probable
post-war exemptions
for Connecticut's veterans' were
based on the fact that approxi-1
,
amounting to
bonds
construction
Walsh.
Commissioner
Defeated—An issue of
Bonds
of 4%, for
2%,
The
II.
War
15.
Nov.
on
in
1940, and that between
250,000 and 260,000 State resi¬
dents were in uniform for World
$320,000
$15,000 school
Sale—The
Bond
alive
(P. O. SanAnselmo), Calif,
Bond
Election—-An issue of
68
I, with 48,000 still
for World War
Sanitary Dist. No. 1
Marion County
ARIZONA
Denomina¬ $250,000 was defeated at the elec¬ mately 57.5%, or 143,750 persons,:
tion $1,000.
of ihose who were in ^orld **$ar j
These bonds are due tion held on Oct. 19.
on June 1, 1956 to 1960. The next
If will claim full exemptions un¬
Venturer County—County Flood
der the laws, the Commissionerhighest bidder was Kenneth Ellis
Control Dist. (P. O. Ventura),
'
& Co., for 2 y4s, at a price of 100.03,
said.
: -V;' ,V;:V ,;
California
Dated
;
1,
June
1945.
1
'i
fiewport, Arkansas
Bond Safe Details—The $230,000 water system revenue bonds
awarded as 2%s—v. 162, p/ 612
—were sold to Walton, Sullivan &
Co., of Little Rock, at a price of;
par. The firm later exchanged the
bonds for a 2% issue.
"
California
and shop con-
exceeding -3%
interest, was favorably voted at
the election held on Oct. 10. The
struction bonds, not
Hayward High
(P. O. Oakland),
California'
7
bonds will be placed on
Bond Election—An election has
ket late next
the mar¬
month.
been tentatively fixed for Dec. 11
issue of
CONNECTICUT
$600,000 construction bonds.
Fairfield, Conn.
to submit to the voters an
Alameda
,
Oakland), Calif.
Bond Offering
of the Board of Directors will re¬
Bonds Authorized—The
purchase of drainage
amounting to $108,000. ;
bonds
have been authorized:
$200,000 sewage treatment bonds
200,000 public building bonds
Alameda County Sch. Diet. (P. O.
"
Cpiif*-
Oakland),
>
■
Voted
Bonds
following
The
—
bonds
were
amounting to $15,432,000
favorably voted at the elec¬
tion held
on
follow¬
$400,000
ing bonds amounting to
.
| The bonds may be" issued eayly
next year.
calling, for the sale of sewer sys¬
"Sale —The
Conn.
$70,000
1%
tem. construction
bonds
amount¬
first
1951.
The next highest bidder was
Estabrook
&
Co.,
at
a
price
of
ing to $750,000, not exceeding 101.109.
Other bidders were as
3%%. The bonds carried at the follows: \ v. '
election held on May 8 and $720,Bidder
Price Bid
000 will be dated Nov. 1, 1945, ma¬
Mellon Securities Corp.,
turing $18,000 * Nov. 1, 1946 to
Pittsburgh
100.888
1985, and $30,000 will be dated
Day, Stoddard & WilUams_100.88
Dec. 1, 1945, maturing $1,000 Dec.
Halsey, Stuart & Co.
--100.848
1, 1946 to
y■"
1
Salomon Bros. St Hutzler L 100.81
.-'V'?y SJJ •*'i
'j•», "■ j
§" v.
—
•
■ .i
«
Baxter Crek Irrigation Dist.,
C
Asks
Debt Plan
petition has been
Calif.
Approval—A
filed in the
R. L. Day &
First
ask¬
plan
ing for the confirmation of a
of composition for the indebtedness
of the district.
The petition states
that
the
unable
district
to
meet
is
its
insolvent
and
obligations
as
they mature and desires to reduce
its
bonded
debt, unpaid interest
judgment indebtedness.
A
hearing on the petition will be
held on Dec. 7, in Federal Build¬
ing, Sacramento. Any creditor af¬
fected by the plan may file an an¬
swer to the petition with the clerk
of the court, at any time not less
than 10 days prior to the date set
for hearing, setting forth any ob¬
jections he may have to the plan.
Any landowner affected by the
plan may be entitled to a hearing
upon making, reasonable applica¬
and
tion therefor.
Bank,
100.567
Connecticut (State of)
for the ^Northern District of Cali¬
fornia by the above District,
Co.———1Q0.69
National
Boston
United States District Court in and
Veterans'
Tax
Exemption Seen
Municipal* Finance—It
pointed out by Walter W.
Walsh/ State Tax Commissioner,
that tax exemptions for Connecti¬
cut veterans of World War II will
Affecting
is
have
greater effect on municipal
a
finances
in
post-war years than
did
similar
"exemptions
after
World War I, and he states that
this situation will be paralleled in
many other States.,
Connecticut towns in 1940 were
recording $32,000,000 in tax dol¬
lars exempted for
some
48,000
World War I veterans, the exemp¬
tions
totaling $756,400 in; non-
Defeated—An
issue
of
bonds
amounting to
$35,000 was defeated at the elecJtiori held on Oct. 9.
price therefor, the Board reserv¬
ing the exclusive and unqualified
right to determine who is the best
bidder and to reject any or all
bids. The payment of said bonds
and the interest thereon will, be
secured by a pledge of the full
District
and
additional,
an
pledge of the District's distribu¬
tive share of
tax of two cents
a
accruing
Section
under
IX of the
Article
16
of
Constitution of
the State, by the terms of which
the Legislature of the State is re¬
quired
for
from
ed
continue
to
said tax
from Jan.
the
ceeds thereof from the
of
during
said
be
of
years
operation
Constitutional
said
will
levy
period of 50
a
1, 1943, and is prohibit¬
withdrawing the pro¬
period.
awarded
•
to
provision
The
bonds
the
bidder,
whose bid produces the lowest in¬
terest
cost
after deducting the
premium offered, if any.
Interest
on the premium,
if any, will not
be considered
as
deductible in de¬
termining the net interest cost, in
determining the net interest cost,
interest will be computed to the
maturity date from Jan; 1, 1946.
Said bonds will be issued and sold
by the State Board of Administra¬
tion,
body corporate composed
a
of the
Governor, Comptroller and
Treasurer of the State, created by
and existing under Section 16 of
Article IX of the Constitution of
the State, and pursuant to the ap¬
plicable statutes of the State and
a
resolution
duly adopted by said
will be validated by
judicial decree. Reference to said
Board" and
Constitutional
provision,
statutes
and
resolution may be had for a
more detailed description
of said
bonds.
/The approving opinion of
and
tions
of
record approximately $143,in exempted tax dollars
750,000
for both World War I and World
II
veterans
to
wide
average
tax
of
rate
32.62
thereof.
bankabld
Separate
re¬
mittances should accompany each
such check, if tax stamps are not
legally binding obliga¬
the
State
Board
of
ministration, acting for and
half of the above
District
Ad¬
be¬
and, if
on
and 101% if called for
redemption
thereafter and prior to maturity.
Both principal and interest will
be
ers
Enclose
tioned;
a
check for 2%
certified
certified
As
on
in
made
\ approximately 60 days
completion of court vali¬
dation' proceedings.
or
upon
Director
Executive
of
State
the
Administration, has. an¬
Board of
that the Board will
nounced
re¬
ceive-sealed^ bids at its office in
Tallahassee, until 3 p.m. on Nov.
13 for the purchase
of $17,000
SBA, series of 1946, coupon re¬
funding bonds. Dated Jan. 1, 1946.
Denomination^ $1,000. Due Jan. 1,
1966.
Principal and interest pay¬
able
at the
Exchange National
Bank, Tampa. Bonds to bear in¬
terest expressed in multiples of
Va, one-tenth or one-twentieth of
1%, at lowest rate obtainable
when sold at par, or at 3% when
sold
to the bidder who
will pay
the
highest price therefor, the
Board reserving the exclusive and
unqualified
right to. determine
who is the best bidder and to re¬
any or all bids.
said bonds and
ject
of
thereon
will
Docu-
r
be
The payment
the
interest
secured
by
Election—^An
of
issue,
$80,000,
3% construction bonds
will be submitted to the Ivotefis
the election to be held on Oct/ 30.' '
sy■' ^py'P' yi
I
Hcmestead, Fla.
,
Refunding
Bond
,
ic
^
//
Program
Shields & Co., New York investbankers, has been engaged
'
ment
by the above city to stabilize-the
interest rate of its bonded debt
a
comprehensive pro¬
of refunding.
We are tadvised that the formulation of the,j
refunding plan has been corner
pleted and the bonds have' been i
validated. Slightly less than jbalf I
through
gram
bonds had been
of the
deposited --
exchange up to Oct. 16,/ac^ *
cording to the above company.
for
The said
change
offers for-ex¬
issue of $534,000
refunding bonds/dated
company
a
3% coupon
new
*
April 1, 1945. Denominations, $1,- >
000 and $500. The bonds are- di- >
vided
thusly:
$362,500 non-callable bonds; Due ^
on April 1:
$10,000 in 1950 to.f
1956; :$20,000, 1957 to 1965;;
$12,000, 1966; $20,000, 1968 to
1970; $19,500, 1971, and $21,-/
000
a
1972.;-
V
V1
ff
callable bonds.
Due on
April 1; $25,000 in 1973, -and
$30,000 in 1974, ,
'
,
95,000 callable term bonds, ma- /
turing on "April 1, 1975." / V;' "
22,000 non-callable term, bqinds^J
55,000
pledge of the full faith, credit and
taxing power of said County, and
an
additional
pledge
of
said
County's distributive; share ;o'f a
tax " of two cents per gallon oh
sales of gasoline vor other ' like
products of petroleum accruing
r
maturing opi Apri 1, 1975.f i;' / 5
Tlie abover designated callable
borids: are riot/subjecf M redi^p-Jj
the Constitution of the State, by
lion' prior "to April 1," 1955. ^ Orivpf^,
terms of which the legislature of
after April
1955, on any iriterest;;
theBiate is required to continue
date upon 30 days published! no-:
the levy of said tax for a period
tice all the callable bonds :arb;; |
of 50 years from Jan. 1, 1943, and
is1 prohibited from withdrawing redeemablethe/riplipn; off the j
the proceeds thereof from the op¬ city in the inverse order of their.,
eration of said Constitutional pro¬ numbering at par arid accrued in- 3
.
v
under Section 16 of Article IX of
vision
bonds
:
during1 said period.
will
be
awarded
to
;
The
the
bid
produces the
lowest interest cost after deduct¬
interest
require
ce)tiT.
Park), Fla.
Avon
Bond
Hardee:,County (P. O. Wauchula),
Certified
-
Enclose a
cashier's
or
f
est
checks
charge.
state or national bank
a
delivery and. make payment for
the certificates when ready; De¬
livery of said certificates will be
of
for, payable to
without
fied check fpr 2% of the par value ^
of the bonds bid for, payable to^
for 2% of. the
the State Board of Administration.
bid
Governor,
$10,000 notes was purchased; dm
Oct.* 20, by the First State Bf4nk» v
principal amount of of Miami Springs. This loan is due ,
certificates must be furnished by in three months.
bidders, this amount to be for¬
Highlands County Special Tax; P-t
feited to the City by the successSch. Dist No. 1 (P. O.
f , bidder for a failure to accent
check
He said that 66,000 Connecticut
men
entered the armed services
bonds
the
„
mills, Commissioner Walsh stated-
the
of
at the Marine-Mid¬ the State Board of Administration^]
Co., of New York City. Certified checks require Docu-{j
Rate of interest to be in multiples
'mentary Stamp Tax at the rate of *
of y* of 1%' and all certificates of
1Q cents per $100, or fraction thereT;;v
the same maturity must bear in¬ of.
Separate bankable remittances terest/ at the same rate.
These for such tax should accompany
certificates are part of an author¬
each such check if tax stamps -are
ized issue of $550,000.
The City not attached.
;
|
(
will furnish the approving opinion
Hialeah, Fla.
of Chapman & Cutler, of Chicago,
and all bids may .be so condi¬
Temporary Loan—An issue - Of 5
whose
ing the premium offered, if any.
Interest on the premium, if any,
will not be considered as deduct¬
purchas¬
of said bonds, without charge.
Administration, a body corpo--
rate/ composed
payable
will
to the
of
land Trust
bidder
delivered
X, 1946. The bonds will be is¬
the State Board
sued and sold by
.
requested, a copy of the tran¬
script of the proceedings involved
be
Jan.
Comptroller and Treasurer, cre¬
ated by and existing under Secattached. 7.
tion 16 of Article IX at the Cph-^ A
Fort Myers, Fla.
stitution 6f the State-and pursu? t
Bond Offering—Chas. E. Chand¬ ant to the applicable statutek of
ler); Dity Clerk,; will receive bids the' State arid .a - resolution duly
until 7 P.M. on Oct. 29 for the adopted by said Board, and will
purchase of utility revenue cer¬ be' 'validated by judicial decree.
tificates amounting to $275,000, Reference to said Constitutional
not exceeding 3% interest. Dated
provision, statutes and resolution *,
Oct. l; 1945.
Due Oct.. 1, as fol¬ ttiay be had for a more detailed
lows: $20,000 in 1948, and $15,000 description of said bonds. The ap- .
in 1949 to 1965.
All of said cer¬ proving opinion of Giles J. JE?attificates maturing subsequent to terson, of Jacksonville, to the :ef- :
Oct. 1, 1955 will be optional for fe(^ that such bonds are valid and
^redemption prior to maturity on lejgally binding obligations <x£ ^the.
any interest payment ■}datp cm or State
Board of Administration,-?
after. Oct. 1, 1955 upon terms of acting for and on behalf of i^aid
103 % if called for redemption on County and, if Requested, a copy ;
or prior to
Oct. 1, 1958; 102% if of the transciript of * thb rifdcdedT? f
called for* redemption thereafter trigs involved will be delivered
tog
and on or prior to Oct. 1, 1962; the
purchasers of said bonds, >
gallon on sales of gasoline or M
; p Florida
other like products of petroleum
Bond Offering—Ralph A. Potts,
valid
will
.
per
post-war years, the municipalities
provide tax
Angeles County, San Dimas
exemptions equaling about $3,Sch. Dist., (P. O. Los Angeles), ', 395,375 for the
veterans, if such
California
exemptions are based on a State¬
Bonds
or
collectible taxes. In the immediate
War
construction
obtainable when sold at
est rate
Giles J. Patterson, of Jacksonville,
to the effect that such bonds are
Los
>
multiples of Va, one-tenth or
i%, at the low¬
one-twentieth of
the
series, second issue, public
School District bonds.
improvement bonds offered for
7,464,000 Oakland High School sale on Oct. 24 were awarded to
Barr Bros. & Co., of New York, at
j
District bonds.
' : ■'%
a price of 101.258/a basis of about
Arcadia, Calif.
'
0.685%. Dated Nov. 1, 1945.
De¬
v
To Sell Bonds—On Sept. 18 the nomination
$1,000.
These bonds
City Council passed an ordinance are due $14,000 on Nov. 1, 1947 to
Elementary
Oakland
$7,968,000
interest expressed
bear
faith, credit and taxing power of
New Britain,
Bond
Oct. 23:
in
to
at 3% when sold to the
bidder who will pay the highest
Naugatuck, Conn.
ceive sealed bids until Oct. 23 for
the
Denomination $1,000. Due $50,000
Jan. 1, 1954 and 1955. Principal
and interest payable at the Atlan¬
tic National Bank, Jacksonville.
par,
has been specified as yet,
The Secretary
—
issue of
$150,000 incinerator bonds has
been authorized.
No date of sale
will re¬
ceive sealed bids at its office in
Tallahassee, until 3 P.M. on Nov.
13 for the purchase of $100,000
SB A, series of 1946, coupon re¬
funding bonds. Dated Jan. 1, 1946.
Bonds
Bonds Authorized—An
Oro Loma
County,
Sanitary Diet. (P. O.
that the Board
nounced
VoteS--Ahissu^ of $145,-.
Bonds
000 swimming pool
Sch. Diet.
:
fLORIDA
annual, reservoir construction
bonds amounting to $3,400,000, fpr
Alachua County Special Road and
hot exceeding 3% interest, " was:
Bridge Dist. No. 1 (P. O.
favorably voted at the election
CaincvilU), Fla.
held on Oct. 16.
Band Offering—Ralph A. Potts,Ventura County, Santa Paula High Executive Director of ' the State
Sch. Dist. (P. O. Vfptura),
Board of Administration) has an¬
CALIFORNIA
Alameda County,
of semi-
Bonds Voted—An issue
ARKANSAS
mentary Stamp Tax at the rate of
10
cents
per
$100, or fraction
the net inter¬
determining the net
ible in determining
In
cost.
cost, interest will be com-
/
terest thereon to date of redemp-, ;
tiori at the rate prescribed in? the,.
bond, plus a payment of additional
interest of 3% if called on April l,
1955; 2%% thereafter on or
H
prior
April 1, 1956; and in amounts
thereafter
decreasing therefrom
to
by Va of 1% in each 121 month,,
period, so that such bonds will be,r
callable for redemption on Oct. !,)
-y-r:i yn
•3
•
)
*»>■•'!
2
-
>
vi, r
■
t
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J
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i
i
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Volume
162
Number 4433
THE COMMERCIAL
& FINANCIAL
CHRONICLE
206J
—5
1966, and thereafter without pay¬ for redemption on Dec. 1.
Dated
ment of additional interest.
^ Dec. 1, 1940. Denomination $1,000.
Due
Dec.
1,
1970.
Saidbonds
Principal and interest
(A-O),
will be redeemed on Dec/l;.1945,
payable at the Bankers Trust
New York
terable
bonds
City.
to
as
Bonds
are
Co.,
regis-
principal only. These
offered
for
exchange
subject to the approval
of all le¬
are
gal
Marion
Cpunty(P.jO. Vcala), fla.
Bond
Offering—Ralph A. Potts,
Executive
Board of
Director
of
the
'the
its
at
office
in
Tallahassee,'until' 3* phi. on Nov.
13
for''tj^i ^pjirchase iwo.f $33,1)00
SBA,
series
of
1946,
coupon
re¬
funding abends. / Dated Feb.
1,
1946: DerSoniination $1,000. These
bonds are due on Feb.
1, • 1961/
Principal and interest payable at I
the ' Florida 'National Bank;. Jack^
sonville/ /Bonds tcf, f»ear interest!
expressed in multiples of
ope-:
tenth or one-twentieth of T % / at
the''lowest rate Obtainable when
sold at par, or at
3% when sold
thebidder^ who will; pay/th^
to/
highest price therefor, the Board'
reserving' the exclusive arid;Zriii?;
qualified right to determine who
is
the best
bidder
and
to
reject ?
any or all hids.
The payment of
said bonds and the interest there¬
will be
on
the
full
socured;hy
faith,
credit
a pledge pf
and
taxing
of said County, and an ad¬
pledge of said County's
distributive share'of a tax .of two?
power
ditional
c?nfebri/sales ;nf;g£sD->
line
othei*; lllce"
or
products
petroleum accruing under Section
16
qf Article iX of the Constitu¬
tion
of
the
State;
by
terms of
of the State
isr inquired to continue the
levy of
which the
Legislature
said-fax for
frpih; Jam
period of 50
a
years
1,
1943,: and is pro^:
hibited from withdrawing the pro¬
ceeds thereof
from.the operationConstitutional provision
during said period. The bonds will;
of
said
be
awarded
bid
to
produces
cost .after
the
the
bidder
lowest
whose;
interest
deducting the premium
offered, if any. .Interest on the
premium, if any, will not be con¬
sidered
as
construction
deductible in determin¬
in the
near
of
resolu¬
a
decree.
Reference to said Consti¬
tutional
provision, statutes and
resolution may be had for a more
detailed description of said bonds.
The approving opinion of Giles J.
Patterson, of Jacksonville, to the
effect
and
that
such
bonds
yaljd
legally binding obligations of
the State Board of
are
Administration,
acting for and on behalf of said
County and, if requested, a copy
of the transcript of the
proceed¬
ing^ Involved wiibbe delivered
the* purchasers
without
charge.
of
said
Enclose
certi¬
fied check for 2% of the
par value
of the bonds bid
for, payable to
the State Board of Administration.
Certified
checks
require
Docu¬
Stamp Tax at the rate
-10 cents per $100, or fraction
.
/:
-
Washing-
Nitx Perce County Indep. Sch.
first
that
Lehman Bros.,
/
Co.,
York,
V.
Offering—F. S. Brown, Mellon Securities Corp.,
Clerk Board of T>irector; will re¬
Pittsburgh,
ceive sealed bids for the purchase Blair &
Co.-, Inc.,
of the following bonds until 2 P.M..
John N'uveen & Co.,'
/"'.v-V..,
made it plfiin
.
,j
t
Chemical Bank & Trust
;
(
New
j
.
j/1
Bond
on
-t,
Diet.'
No. 1 (P.O. JLewiston), Ida.
Committee/urged prompt action,
.j
iiil
;
.
j
//Ul
*
^completion bf
plan
for
.
take 10 years,
,
•
.
■■<■■■■
'
■'-■•■■y
.
.
•
'•
.
.
-
.
these
in
announcements
the citizens of
order
to
non-polit¬
handling of the public funds
assure
from
a
the bond
issue.
The long-range plan
zens
of the Citi¬
Bond Committee envisages a
Major plans of the Committee
the five-year period include
tion
the
under
that is,
jority
voters
new
fied check
Constitution,
No
of
Bond
election
3y>%
being carried
a
Under
would
be
extreme
report; $4,000,000 for: en¬
largement of the municipal air*
port; $5,000,000 for city schools;
$1,000,000 for county schools, and
$2,000,000 for new city and county
buildings-r-a total pf, $24,500,000.
Other Projects
The members of the Committee
taken
a
number
of
other
actions to advance .the plan, ,towit:
(1) They 'passed
asking both city
take
early
action
a
resolution
and county to
former require¬
ments but we should not let them
our
weakened in
can
investments.
1
i
"(S) Brooke, Tindall & Co."
:-7;.! '■
'■
Sale—The $28,475,000 re¬
bidders, for
follows:
%%% bonds,
|
Price Bid
Bond Sale—The $510,000
build¬
ing bonds offered for sale on Oct.
22—V. 162, p. 1561—were
ed to
a
Harris
award¬
syndicate composed of the
of
Trust & Savings Bank,
Chicago, First Security Trust Co.,
Burton Corp.,
both of Salt Lake City, as l%s,
and the Edward L.
1, *1951, ' $1,200,000 January and
July 1/ 1952, $1,200,000 January
and $1,350,000 July 1, 1953, and
$1,373,000 Jan. 1, 1954. Principal
payable at the County
Treasurer's office and will be in
and interest
of counsel, direct ob¬
of the County, payable
ad
valorem
taxes
to be
the opinion
ligations
from
Du
Page County, Elmhurst
Diet. No. 46, III.
"
Bond
Call —W.
56
to
Schaeffer,
75, bearing interest at
Dated Jan. 1, 1941.
Due Jan. 1,
of the principal
together with interest
to and including Dec.
1, 1945, will be made on pre¬
sentation
of said bonds to the
Continental Illinois National Bank
& Trust Co., Chicago.
Said bonds
must be presented in negotiable
form and
should have attached
the Dec. 1, 1945 and all subse¬
quent interest coupons.
Interest
Payment
accrued
,
National
Savings
'
j
.
/Association,
San Francisco,
Bank,
Portland,
Seattle-First National Bank,
.
C.
Sch..
Treasurer, calls for pay¬
ment on Dec. 1, refunding bonds
amount,
^
Bank of America
First National
approved by Hawkins, DelaWood, of New York.
1961.
New York,
'
&
ity
fieid &
Denomination $1,000.
National City Bank,
New York,
'.Trust
against all the taxable
in the County, within
imposed by law. Legal¬
the limits
4J/4% and 5%.
Bankers Trust Co.,
Seattle,
price of 100.119, a basis of
about 1.239%. Dated Oct. 1, 1945. Blyth & Co.,
at'a
follows:.
$250,000 January and July 1, 1948,
$250,000
January
and $600,000
July 1, 1949, $600,Q00 January,
and $900,000 July 1; 1950, $900,000 January and $1,200,000 July
Nos.
Chase National Bank,
Class A, No. 1, (P. o. ;/
Jclaho Fall*t Idaho
s
'
as
School
New York,
•../!;/
dates,
property
Bidder
\
IDAHO
Indep. Sch. Diet.
option
$*1,000,410 July 1, 1946, $1,000,000
January and $250,000 July 1, 1947,
levied /'
were as
Mr.
■Bonneville County.
ive
Co., and the American National
Bank, all of Chicago, as iy2S, at a
price of 100.42, a basis of about
1.46%. Dated Dec. 1, 1945.
De¬
nomination $1,000.
These bonds
are due on Dec. 1, 1965, .optional
on
June
1, from 1948 to 1965.
be
of tremendous help
in keeping
our laws
where Georgia Bonds
will still be considered as good
Other
Lochner report;
refunding bonds of 1945
redeemable on 30 days'
Co., City National Bank & Trust
down any more than this. If our
laws are weakened, pur Munici*
newspaper
Dated
posed of the First National Bank,
Harris
Trust
&
Savings Bank,
Northern Trust Co., Continental
Illinois National Bank
& Trust
jority of the registered: qualified
voters.
This is letting; the bars
good
bonds.
funding of 1945, bonds offered for
sale on Oct. 23—v. 162, p. 1811—
were awarded to a syndicate com¬
number of voters less than a ma¬
fYour
17, of:$2,750,000
refunding
Bond
election should be carried by any
pal credit will be
proportion.
ten¬
regards to
Chicago Park District* ill.
case
happen. We do not think a Bond
down from
in
on
but it is conceivable that it could
an
Received—No
received
Sept. 1, 1935. These bonds are due
Jan. 1, 1955 and optional Jan.
1, 1946.
majority of the votes cast.
this
system only three
could
vote, two for and one
against, and carry an election.
by
Tenders
were
the call on/Oct.
opposed to the principle
are
a
ders
be
notice, in numerical order, prior
to maturity, at par and accrued
interest on and after the respect^
Chicago Board of Education, III.
"Speaking for ourselves, and we
most of* the -Other ■ Bond
Dealers here concur in our views,
The
will
ILLINOIS
believe
This
traffic
::
voting.
we
5% of the amount
urer. ■
of the registered qualified
or only a majority of those
following, expenditures: $12,500,000 for highways. inside the
metropolitan area—a program al¬
ready outlined in the Lochner
the
for
hid, payable to the District Treas¬
whether it requires a ma¬
over
to adopt the
(2) they directed
McDpugall to appoint a com/
of
mittee of three to confer with city
thereof. " Separate
bankable -re¬
and county officials in regard to
mittances for such tax should ac¬
enforcement
of existing zoning
company each such check if tax
anid building regulations so as to
stamps are not attached.
put a stop to the type of building
a-:
■/:;//
that might interfere with the ex¬
;
Ormond, Fla./// "
press-highways plan; (3) they di¬
Bond Redemption—Jos. R. Ellirected a
study of the enabling
cott, Jr., City Auditor and Clerk,
legislation now under prepara¬
has announced that
refunding of tion; (4) they asked the passage
1940 bonds Nos. 33,
47, 427, 134, of laws permitting the control of
165; 150, 98, 284, 309, 1, 13 and 27, commercial vehicles on the public
amounting to $12,000 are called streets; (5) they passed a resolu¬
mentary
in
z;/^:v/:v
^
^IJiis^jend, .all members pi jdie
•
to- have
bonds,
a
we
v
10-year program calling for a
expenditure of around $70,tion;-^ body corporate composed;
of the Governor,
Comptroller and 000,000/ But with the expected
Treasurer, created by and exist¬ $50,000,000 available, the Commit¬
ing ,under Section 16 of Article IX tee hopes to be able to complete
of the Constitution of the State the
major parts of its plan in five
and? pursuant' to the applicable years.
' J ',
by said Board,
and will be validated
by judicial
"If
.
,
ton."
tissue.;
future^
total
tion duly adopted
Committee.
Federal, authorities
bonds^ahmunting^u
Administra¬
statutes of the State and
the
Harriman Ripley
Lazard Freres &
■
The
Board
are
/'
ma¬
State
Smith, Barney & Co.,
j
& Co., Inc.,
,
j
1965.
The
next
highest bidder
Co.,
•,
was the First National Bank, Chi¬
Kidder, Peabody & Co.,
/: )
cago,
and
Milwaukee
County, A. C. Allyn & Co.,
1
Illinois Co., Chicago,
jointly, for $75,000 2s, and $435,- '
1
000
iy4s, at a price of 100.06.1 R. W. Pressprich & Co.,
;
Among other bidders was a group Mercantile-Commerce Bank
& Trust Co., St. Louis,
composed of Halsey, Stuart & Co.,
and Associates
—101.079
Harriman, Ripley jfc Co., Inc., and
Bosworth, Chanute, Loughridge & Halsey, Stuart & Co.,
Co., which offered 100.07 for $45,- First National Bank,
000
jy>s and $465,000 iy4s.
New York,
;
/ :
i
lots
of
•
turity date from Feb. 1, 1946.
the
Denomination $1,000. These bonds
due on Oct. 1, from 1946 to
proceed
Locbner pp. Nov: t4; v /
Phelps, Fenn & Co.,.
: < •
U
highway ■'relief ' would $719,000 Construction and Equip-*' Stone & Webster and
(j
but he said that the
I merit,/ not. exceefding
5%
Blodget, Inc.,
"A ■'
i -. y
j;; |
five-year; plan would be suffi- /: 1 bonds. : Due Oct. 1, as fpllows:
Braun, Bosworth & Co., Inc.,
j
sealed tenders ;until 48 Jpmll'on, ,pient f or
;tbe "more substantial ,:! $30,000 in 1946 and 1947,
%
$31,- Alex. Brown & Sons, v
|
Nov. 5 for the purchase of its/ 000 in 1948 and
^|fartr Of jthe/program/* :
1949, $32,000 Central Republic Co., ; i -;-]///,/'
series A and B refunding of 1944r
>/ The Ldcliner plan recommends
/ Chicago, and
in 1950, $33,000 in 1951 and
v
bonds, at the lowest^S^pff^re^ .a priority-of expressway construc¬
—100<669
1952, $34,000 in 1953, $35,000 ; Associates
-,i."
tion at a total cost of $47,700,000.
in 1954 and 1955, $36,000 in
Cook County (P. O. Chicago), III.
Inaddition/ Mr, Lochner advised
1956, $37;000 in 1957, $38,000
Bond Exchange Offer—Holders
,the. following major street imin 1958 and 1959, $39,000 in
W
i Atlapta^Ga. ■
of $13,523,410 4% and 5% series A
-Proposal Advanced for^ompre^ prpvements ;m/First priority; $4,- ; i I960, $40,000 in 1961,- $41,000
B
refunding bonds of 1936,
hensive Public Improvement'P*q-Z ?43O,0OD; /second priority, $2,260,-<1
in 1962 and 1963, $42,000 in or
callable Jan. 1, 1946, are being of¬
gram—-The Executive Committee 000; * third .priority, $2,690,000, and
1964, and $43,000 in 1965. All
fered the privilege of exchanging
fourth: priority, $2,665,000—a total
of the Citizens -BdndCCommittee,
bonds maturing 10 years from
date shall be redeemable on them for new refunding bonds of
;: ,
,
•
acting; tinderjfoirit' author:*/ pf $12,045,000. T;
1945, dated July 1. 1945, 4ue July
Oct. 1, 1955. These bonds were
ity/m;4ha?^bove^ity^;^d^f^dtoh ••;- Decatur, Geu ■■■
authorized ^at
the
election' 1, 1954, and optional serially. The
Gountjfr/is/maldrigl/p)^^
;; Bbiid/El^ction Report—In :con-(
bonds being offered in .exchange
held on April 16, 1945.
$25,000,000 city and county^bond- hection-with the report in V. 162,
will bear 4% interest to Jan. 1,
issue, which! it is believed would p.
120,000 Refunding/ not exceed¬
1937-^relative to the result of
1946, and 1V2 % thereafter to ma¬
be matched by the Fedefal? Gov¬
ah eiectiori on a series ,of bond is¬
ing 2a/2% bonds. Due Oct. 1,
turity. ^ The offer, which is sub¬
ernment.
Members of the; CoriiZ sue
as
follows: $5,000 in 1946 to
.proposals aggregating $650,ject to withdrawal without notice,
mittee reportedly explained that
1951, $6,000 in 1952 to 1959, is
lOOO^we
^ recpivied h/copy of
being made by a syndicate in
legal advisors are drawingu£the
and $7,000 in 1960 to 1965.
letter: ^eht4o the Editor of the
accordance with a refunding and
/All bonds- maturing 10 years
ehablihg^Ct
i
^Ailihta; > Jpiirnal,'' under date of
exchange
contract >: with
the
the* nextr. session; of .the rState" Oct.
from date shall be redeem¬
19, by Brooke, Tindall & Co.,
county, and the members of the
Legislature.
After
the" ^ct .' is of ?Atlanta.- ; The letter xleals with
able Oct. 1, 1955.
group are as follows:. A. C.
Allyn
passed, they expect the-city: and the uncertainty prevailing among
Dated Oct. 1, 1945/ Denomina¬ and
Company, Stifel, Nicolaus &
county to present the bond issue tnuhicipal: officials /and
Georgia tion $1,000. Principal and interest Co., Inc., Blair & Co., Inc., Stranto ? the voters eariy jiext ;Springr
municipal borid. houses in conse¬ payable at the County Treasurer's ahan, Harris & Co., Inc., R. H.
Ujpori validation of * the • bond 1 is^; quence; of the apparent conflict office. None of said bonds shall be
Moulton
&
Company, Equitable
sue the Committee expects to -b"e
between'" the new State constitu¬ sold for less than par and accrued Securities
Corporation, John Nuable to make a start with/a five- tion and the laws
interest to the date of delivery veen &
previously in
Co., B. J. Van Ingen &
year plan for public improvements
force, particularly with reference thereof.
Bids? must " specify: (A) Co., Dean Witter & Co., Tripp &
later in the'Spring/ /
- :
to the procedure
governing * the the lowest rate of interest and Co., A. Webster Dougherty & Co.,
/ In aririouricing its plans for the voting^of new bond issues. Vari¬ premium, if any, above par, at Dolphin & Co., The First Cleve¬
bond issue; Committee made ;.twp
ous reports pn the subject have which the bidder will purchase land
Corporation,
Commerce
important statements:
(1)
the appeared in our issues of Oct. 1, such bonds; or .(B) the lowest Union Bank, Provident Savings
Committee itself will sponsor the Oct. 15 and Oct. 22.
It is perti-^ rate of interest at which bidder Bank & Trust Company, Lyons &
proposed bond; issue //and '/j( 31 hent therefore to give excerpts will purchase such bonds at par. Shafto; Inc., Mackey, Dunn & Co.,
if0m: the :abpvo-mehUoned letter, The approving / opinion of Bur- Inc., Kalman & Company, Inc.,
membersbf-thc^CqnTm
1
/
cham & Blair, of Spokane, and Wheelock & Cummins, Inc., Wm.
ing in their official capacity as as'follows:
representatives of City and county,
VAs we understand it, there is Ray E. Durham, of Lewiston, will Blair & Company, Channer Se¬
will supervise the expenditure of a
be furnished.
All bids shall be curities Company, J. M. Dain &
question as to how many votes
the money. The Committee made
unconditional.
Enclose
a
certi¬
Company, and Newhard, Cook &
are required to carry a Bond elec¬
derived
sold by
to
Jiave the money in hand, then we
"can get quick- action from the
tori, TownElerk," has - announced
that the aboye_.Town ^wilLreceive
terest will be computed to the
and
city
f' Mr/ FlacDougall
ical
issued
the
condemnation
the.^enabUng legislation
$1 J500,Q00 may »be-submitted4o4hie:
voters at the election ^a be' held: land, second, on tl\e proposed boi^d
ing the net interest cost. In deter¬
mining the net interest cost, in¬
bonds will be
of
tman
an-" Tpwn
Tenders Wanted—R. C. Pinkerwill re¬
Board
sealed hids
the
par
State
Administration, has
nounced that
ceive
^
asking
with
suitable for parking, with the pro¬
vision that, if possible, these lots
plus accrued intejFfe]§r.^V^. .be leased to private operators.
denced by coupons due
"With
.pnVCtbaJ
$25,000,000
as
a
basic
date, on presentation with all un/ fund from city and county we will
matured coupons attached,4
at/the^ -bel in a position to get action,"
Irving Trust Co.; New York Cityf: /said Robert L. MacDougall, Chairat
proceedings £by Chapman &
Cutler, of Chicago, 111. They are; or at the City Treasurer's officebeing issued to refund a like prin-! Interest ceases on date^called./Z;"
::v;y
cipal amount of presently out-; Palm Beach
County (P. O. West
standing bonds dated Oct. 1, 1957.!
They are payable from unlimited
Bond Election Planned—An is¬
a4, - valorem; .taxes iipon / all the sue of county park and.playground
taxable inrap^jriri the vaty^
tion
.
■-
./
;
'
up
;
37/7
THE COMMERCIAL & FINANCIAL
2063-
Principal and interest
Bonds
light'plant system refunding
bonds amounting to $47,was sold On Sept. 1, 1945./
;
tric
issue of $30,gymnasium and equipment
oonds was favorably voted at the
election held on Nov. 19.
of
water revenue bonds amounting
to $250,000 was purchased on Oct.
16 by Paine, Webber, Jackson &
Curtis, and Wm. Blair & Co., both
.
^of Chicago.
High Sch.
JU.
i
Bonds Voted—An issue of con¬
Minooka Community
Diet. Nbi Ulp
$110,000 was favorably voted;
held on Oct. 6.
York'
amounting
bonds
;
to
$200,000 will be submitted to the
voters at the election to be held
77
^
Dec. 4.
on
Louisiana (P. O. Baton
Rouge), La.
Highway Issue to Be Sold—On
Co., New
Guaranty Trust
City;/;/7; /777777
The interest coupon
due Dec. 1,
be attached to
ceases on
comparable 1944
and 1943 months.
Highway col¬
lections in August of this year
stood at ? $1,683,592,'rajgainstv $1,7
>
date called.
293,500 a year earlier.
a
State
at
'
Murphyehoro, 111,
Bonds * Purchased—The $25,000
Georgetown, Ky*
.
;
7
;
^
7/ Minnesota: Postponed—C.
D,
Peterson, County Auditor, has announced that the sale of the hos-
'
.
'
Bond 7 Sale
"
--
>
-
-
pitaLbonds amounting to $170,000,
2% interest, has
not ^ exceeding
postponed from Nov. 2, to
been
E.
Offering —Charles
Bond
highways. // / 7
/
71
,
■Murray/CauntyfLP/Q^Slaytpn)^t/v
KANSAS
KENTUCKY %
f
collections in the
Interest
the bond.
/7
526, including $13,934 for airplane
"gas," from which there were no
1945, must be.detached and pre-:
the usual manner, but
interest coupon due June 1;. 1946
and all subsequent coupons must
sented in
Nov. 9.
Houghton; City Treasurer, will re¬
St. Bernard Parish^ Parish Sch.
Bonds Offered for Investment—
ceive sealed bids until 12:15 P.M.
Diet. (P. O. St. Bernard), "
on: Oct.
30 for the purchase of
Edward G. Taylor & Co., Cincin¬
7/777
Louisiana:
$28,000 departmental / equipment
nati, is offering for general pub¬
Bond 7 Election ^ An ' issue
of
lic /subscription
$195,000 1%%
coupon
bonds. r - Dated Nov. 1,
$175,000 /construction/, bonds will
1945;
Denomination' $1,000. Due
coupon water revenue bonds. De¬
be: Submitted to the Voters at the
Nov. 1, as follows: $6,000 in 1946
nomination $1,000s Bated Sept. 1,
election to be held on Nov/ 20.
to • 1948, and $5,000 in 1949 and
1945. Divided-as follows:
the election
'
i Platte-), j Lor.7/777/7,7
Bond Election—An issue of con¬
7/'-: 7 /
Baltimore,
Bank,
at the elec- 7
//Gasoline " Tax 7 Revenues / Re- 77/
ported—The petroleum division of 7 the State Department of Taxation /
reported recently net gasoline tax
collections for August at $1,697,-
the Balti¬
bonds to
National
the
or
such
of
more
Jury Ward (P.O. Ville
voters
the
Minnesota (State of)
,}■>,
be made on presenta¬
Various bridge revenue refund¬
special session of the
Legislature gave final approval to ing bonds called for payment on
a highway program providing for
Juhe 1, 1945, maturing on Dec. 1,
Manhattan, Kansas
the sale-of $4,006,000 in highway 1960, aggregating $92,000, have
Bond Issue Contemplated—An
bonds previously authorized not been presented as yet.
• t.7
issue of storm sewer/bonds to the
which, along with $7,000,000 of
amount of from $7,000 to $10,000
Federal matching funds, will pro¬
MASSACHUSETTS. /|;J
is contemplated for 1946.
'' ''
vide a total of $11,000,000 for
Newburyport, Mass.
primary
roads
and
secondary
":
/
7/f
.
Sch. Diet. No. 1, First Police
>
Oct/ 16,
/
to
amounting
bonds
Consolidated Sch. Dtst
'M iowdtj '■
MJ-/
Thufman
Bonds Voted—An
Bonds Purchased—An issue
struction,
airport .-improvement
to
tion to be held on Dec. 4.
of said
I960.; Payment
T,
tion
.
000
Illinois
Mattoon,
Dec.
Evangeline Parish Consolidated
struction
-
in
are
• are
Dec. 1,
on
mitted
called for pay¬
at 104%.
Due
$150,000,
ment
...
circulation calling
for'an election to submit to the
voters an issue of $45,000 road
construction bonds.,
titions
to
bonds will
will be-submitted to the
voters at the election to be- held
oh Oct. 30.
i.
Requested—Pe¬
Election
Bond
;
Legality approved by
Trauernicht, of St.
Louis.
oonds
Bardolph), III.
&
Monday, October-29, 1945
CHRONICLE
t
..issue*'of
Bond, Elections An
$20,000
Township (P. ■. 0.
Macomb
Charles
payable at
Treasurer's off ice.
Rockwell City, Iowa
revenue
000
maturity.
the City
Greenup, III. /'. >f 7777:
Sold—Ait issue of elec¬
I#®
C
o u n
m
I
Bond Offering
(7^:.
t y
—
C. D/Peterson*
receive
will
Auditor,
/
PJVl/ on
Nov. 2 for the purchase of $170,000 hospital bonds, not exceeding
2% interest.
Dated Nov. li 1945./
These bonds are due oh Nov. > I;
as follows: $10,000 in 1948 to 1952,
$20,000 in 1953, and $25,000 in
1954 to 1957.
Bonds maturing in
1955 to 1957 are optional on Nov.
until7 1;30
bids
sealed
r
working cash
/
purchased re¬
cently by the Illinois Municipal
Bond Co., of Murphysboro. Dated
Vermilion Parish Road Dist.No.l
1950.
Bidder to name the rate of
;
$102,000 non-callable bonds. Due
Oct. 1, 1945.
/
Legality approved
interest in: multiples of V\ of 1%.
(P. O. Abbeville), La.
i on Sept. 1: $5,000, 1946; $6,Bond/Offering—Raphael J. La No bid for less than par and ac¬
by Charles & Trauernicht, of St.
400, 1947 to 1951; $7,000, 1952
Louis,
*. 7
Bauve, Secretary of the Police crued interest. Principal and in¬ 1, 1948.
These are the bonds
to 1956, and $8,000,' 1957 to
Jury, will receive sealed bids until terest payable at the Merchants authorized at the election held on
Richland County (P, O.
1960/ all inclusive.
11- A.M. on Dec, 4 for the pur¬ National Bank, of Boston.
The Oct. 9, by a large majority of th^
93,000 callable bonds. Due on
J
'<• •
Olney), III.
7:7 ■
.
chase of $200,000 public improve¬ approving,
opinion
of
Storey, votes.
7,777 /'/7
Bond Election—An issue of road
>.
Sept. 1: $8,000 in 1961; $9,000,
ment bonds, not exceeding 4% Thorndike, Palmer & Dodge, of
1962 to 1966, and $10,000 in
construction bonds amounting to
Pine County Sch. Dist. No. 2 (P.O% 7 7
The
1967
to 1970,
all inclusive. interest. Dated Dec. 1, 1945. De¬ Boston, will be furnished.
$250,000 will be submitted to the
;
:
Hinckley), Minn.
v ■ v...
Due Dec. 1, bonds will be prepared under the
Bonds maturing from 1961 to nomination $1,000.
voters of the general election • to
Bond Sale—The $32,000 1V2 &
7
1947 to 1965.
Payable from un¬ supervision of and authenticated
1970 are callable on and after
be held in November.
limited ad valorem taxes. These as.; to genuineness by the Mer¬ semi-annual refunding bonds of¬
Sept. 1, 1947, at 102 and ac¬
fered for sale on Oct. 22—V. 162,
7
3% / semi-annual,
fund bonds were
,
,
.
-
INDIANA
of Park Commis¬
Board
18, the
of park
sioners voted the issuance
amounting/ to
'bonds
purchase
$132,000.
11 rnfo \r~v-: '
/.v.i, oh
/vt/i
/-n
fV '
'Cfi J')
/MA IOWA
Principal and interest (M-S)
payable at the Farmers Bank &
Trust Co., Georgetown. Registerable as to principal only.
Legal
opinion by Chapman & Cutler of
•
*
-
.
refunding bonds
offered for sale on Oct. 19—V. 162,
revenue
Moines Na- ; Jr., Chairman of the Board of
tional
Bank
&
Trust
Co., Des
Trustees, calls for payment on
Moines, and White-Phillips Co., Dec. 1, electric and water works
jointly, for Is, at a price of 100.173. revenue bonds Nos. 10 to 65, dated
Chicago,. Iowa-Des
follows:
Dec.
—-1%
100.15
1, 1940. Said bonds with Dec.
1, 1945 and all subsequent cou¬
pons, should be presented to the
Lincoln Bank & Trust Co., Louis¬
ville, and the City will pay the
principal thereof and accrued in¬
terest to date called, plus a pre¬
mium of % of 1% for each year
or
fraction thereof from Dec. 1,
Halsey, Stuart & Co., 1%
100.05
1945, to the stated date of matur¬
Price
Bidder
National
First
Bid
/Rate
.
Bank,
Chicago,
A.
G.
Becker
&
Co.,
' i.
and
r
Vieth, Duncan & Wood,
jointly,
....
Co/H,
Sale
Bond
water
Details—The
$7,500
system bonds awarded
cently
re¬
Sparks & Co., of Des
Moines, as 2s—V. 162, p. 1938—
were sold at a price of
100.133, a
to
basis of about
-1, 1945.
Nov. 1,
1.97%.
ity of the respective bonds, said
premium in no event to exceed
amount of said
ceases
on
date
5% of/principal
bonds/ Interest
called.
due
are
Abbeville, La.
Bond -Election
from 1947 to 1956.
—
improvement
bridge
An
issue
of
't Winn Parish, Parish
Sch. Disk.
receive
for the
school
sue
to
of water works
revenue
bonds
the amount of from $50,000 to
$75,000,
in 1946.
may
Bids
Bond
Bond
Sale—An
town hall bonds
19
to
the
issue
was
was
of
received
$2,000
awarded
on
Sheffield
Bank, of Sheffield,
price of par.
The
bidder
'
as
Savings
l^s, at a
next
highest
Wheelock & Cummins,
*;
for 2s, at a price of 100.50.
on
Nov. 20.
Carencro, La.
'
7/ Dougherty, Iowa
to the voters at
election to be held
be issued sometime
'
Oct.
an
chase
bonds
on
of
Re jected—All
Oct.
$20,000
bids
for the pur¬
18
improvement
An issue of
$70,000 tax and revenue bonds will
be
were
rejected.
reoffered for
sale
future,
in the
near
Maine
(P. O.
Gillicuddy,
Augusta),
Me.
State Treasurer, will
11 A.M.
for the purchase of
receive sealed bids until
on
Nov.
14
State, County and municipal bonds
amounting to $453,000, now held
in a permanent trust fund.
'
Donaldsonville,
La. 7
be
by the Farmers & Merchants State
Bank of Hinckley, the only bid¬
.
der.
Township Frac.
Bridgehampton
serially in from 1 to 16
Due
77
after date.
years
Sch. Diet. No. 2 (P. O*
Sale—The
Louis County
St.
Carsonville), Mich.
Bond
Dist.
$17,000 build¬
No.
Community Sell,
(P. O.
6
'7/7777'.
Duluth), Minn..
ing bonds offered for sale on Oct>
12---V. 162, p. 1813—were awarded
to the State Bank of Sandusky, as
77^
$35,000 school
bonds offered for sale on Oct. 22
Bonds Sold—The
l$s.
Dated Oct. 1,
1945.
De¬
7
-^v.
of
totaled
of
the
$58,368,227, or 93.17%
This compared
estimates.
with
$56,355,411 or 93.79%, of the
estimates for the first three quar¬
of
1944
and
$53,218,071 or
Delinquent taxes
collected totaled only $792,124 or
79.21% of the estimates against
figures
of
2%s.
Dated No¬
1945.
Denomination
Detroit,
1,
as
vember
*
budget director, reported recently
that the city's revenue collections
for the nine months ended Sept.
$1,018,497
or
(P. 0.
about 1.13%.
$1,000. These bonds are due $1,000
on March
1, 1947 to 1951.
The
H.
highest bidder was
Sattley & Co., for 3^4s.
Baltimore, Mdi/
Thief
V.
supply
system
revenue
Oct. 15—V. 162,
on
1939—were sold to McDonald,
Moore & Co., and Crouse, Bennett,
Smith &
Co., both of Detroit,
p.
jointly,
100;i 14,
iy4s, at a price
1 %s, at a price of
basis of about 1.719%.
Oct. 1, 1945. Denomination
Dated
$1,000. These bonds are due on
Oct; 1, from 1947 to 1957.
The
next highest bidder Was the
State Bank. 7
* .
nine
months
$46,367,094 or .74.01% of
appropriations. Expenditures for
debt service and pension fund
Noi t (P. Oi
)
totaled
Bond
School
Orion
Roads Commission, has an¬
that in accordance with
about
Co., Chicago, Harold E. Wood &
Co., and Paine, Webber, Jackson
6 Curtis, jointly, for l&s, at* a
price of 100.42.
DetroitJfi Michi
Call—B
e r n a r
d
White, Minn.
Hiller,
calls for pay¬
ment on Dec. 1, the above Dis¬
totaled $13,488,301. Operating ex¬ trict's
refunding bonds Nos. 390
pense Was 68.80% of operating ap¬ to 399, dated Nov. 1, 1942, in de¬
nomination of $1,000.
propriation*
The pay¬
ment of the principal amount of
Maryland State Roads Commission,
said bonds, plus accrued interest,
;.7/77/777/ Maryland 7*7;//- 7777/ will be made at the
Detroit Bank
Bonds Called—William A. Codd,
fri Detroit. Interest ceases on date
Chief Auditor of the Maryland
called.
<
-
Bond
Secretary,
MINNESOTA
nounced
all of Minneapolis, as
of 100.43, a basis
1.192%. Dated Nov. 1,
1945. Denomination $1,000. These
bonds are due $25,000 Nov. ; 1,
1948 to 1957.
The next highest
bidder was the Northern Trust
Co.,
mun
of
as
a
Sale—The
$195,000
re¬
funding bonds offered for sale on
Oct.
19—V.
162, p.
1939—were
j
awarded to J. M. Dain & Co.,/of
Minneapolis, as 1V2S, at a price
of ; 100.15, a basis of about 1.48%.
Dated Nov. 1, 1945.
Denomina¬
$1,000. These bonds are due
$15,000 on Dec. 31 from 1946 to
tion
1958.
./;777:77//;7://;7:
•
/
$250,000 water
offered for sale oii
162, p. 1813—were,
awarded to a syndicate composed
of Park-Shaughnessy & Co., First
National Bank, both of St. Paul,
First National Bank, Northwest¬
ern National Bank, and C. S. Ash23—V.
Oct.
Lake Orion, Mich.
bonds awarded
Falls, Minn. 'Ayyi
works bonds
Bond Sale Details—The $34,000
water
River
Bond Sale—The
Redford Township Union Sch. Dist.
for
Sch. Dist*
St. Lotus Park indep.
Minneapolis), Minn. / > 7
7> >, <7 Dearborn), Mich.
Bond Sale—An issue of $45,000
Bond Sale—The $5,000 school
building bonds offered for sale on
bonds offered for sale on Oct. 18
Aug. 7 was awarded to J. M. Dain
—V. 162, p. 1938—were awarded
& Co., of Minneapolis, as 1.20s,
to Crouse, Bennett, Smith & Co.,
at a price of 100.64, a basis of
Report Issued On Current Reve¬
nue
Collections—Herbert Fallin,
30
Township Sch. Dist.
(P. O. R. No. 3,
.
MISSISSIPPI
,
Bonds
Purchased—An
issue
of
the provisions of Article 2,
Section
Ida Grove, Iowa
/ <7:'// $50,000 2%% and 1%'%
gas utility 1, and Article 4, Section 8, sub¬
Ordinance
Passed
An 7or¬
bonds was purchased recently by section (B) of a Trust Indenture
dinance .was passed by the City John Dane, of New Orleans, at given, by the State Roads Com¬
Council on Oct. 15 calling for an
a price of 100.106.
Dated June 15, mission to Safe Deposit & Trust
issue of $5,000 5% fire depart¬
1945/ Due June 15, 1946 to 1970.
Co.; of Baltimore/ Trustee, dated
ment bonds.
Dated Oct. 1, 1945.
The bonds will bear. interest at June
1, 1941,. State Roads Com¬
Due Nov. 1, as follows: $1,500 in
2%% from June 15, 1945, to June mission of Maryland, bridge rev¬
194&and 1947, and $2,000 in 1948. 15; 1946, and \xk% -thereafter to enue refunding bonds amounting
Bristol (P. O.
Harmony), Minn.
Bond Offering—J. Steven Jones,
—
purchased at par
1939—were
p.
ac¬
^
.
next
MARYLAND
1944
Boston.
of
MICHIGAN 777;
;'
No. 3
Offering—Joseph H. Mc-
Bond
State
;
*
Dearborn
MAINE
system, airport, wharf/ 92.59%.
improv, and electric
Expenditures
line bonds amounting to $295,000
will be submitted
cepted.
Bank
telephone will
\ 7 /1 %m->.
building bonds.
water works
Pianned—An is¬
by
162,; p. 1813^—were awarded/
nomination $1,000 and $400. These to J. M. Dain & Co.; of Minhet
bonds are due $3,400 on July 1, apolis. Dated \Nov. 1;/1945.
De¬
1946 to 1950.
The next highest nomination $1,000, one for $l,5„00..
sealed bids until Nov. 20
bidder/was Crouse, Bennett, Smith These bonds are due on July 1,
purchase of $50,000 high & Co., for
from 1948 to 1955.
2s.,"7 -/.;7
* 7,'
'
(P. O. Winnfield), La.
Bond Offering — The Secretary
of the Parish School Board will
sewage
Council Bluffs, Iowa
•
Bond Issuance
Bids
bonds
amounting to $200,000 was favor¬
ably voted at the election held on
:
National
chants
Bonds Voted—An issue of road
and
93.66 % in 1943.
'
on
Oct. 16,1945. The
$4,000, payable to the District.
ters
LOUISIANA
Dated Oct.
These bonds
on
Oct. 16.
'i Bond Sale—The" $29;000 water
works
for
.
were as
the
approving opinion of B. A. Camp¬
bell, of New Orleans, will be fur¬
nished.
Enclose a certified check
p.
1938^—were awarded to the
Bankers Bond Co., of Louisville,
Bank, of Cedar Rapids, as Is, at
as 2%s.
Dated Nov. 1, 1945. De¬
a price of 100.176, a basis of about
nomination $1,000.
These bonds
0.98%.
Dated Nov. 1, 1945/De-!
are
due on Nov. 1, from 1946 to
nomination $1,000/ These bonds
1955.
are
due on Nov. 1, from 1946 to
1960. The next highest bidder was
",
Morgantown, Ky•
the Harris Trust & Savings Bank,
Bond Call —George W. Leach,
Other bidders
at
order.
Greensburg, Ky
$750,000 build¬
authorized
bonds
the
election held
Sch. Diet.,
ing bonds offered for sale on Oct.
22—V. 162, p. 1938—were award¬
ed
to
the
Merchants' National
are
number of their
Chicago,
Cedar Rapids Indep.
Bond Sale—The
in the inverse
maturity and
crued interest,
Indianapolis Park District, Ind.
Bond Issuance Voted—On Oct.
will receive sealed
until Now 2 for the purchase
Town
bids
$10,000 road and bridge bonds.
of
.
Clerk;
'j
"//• Dassel, Minn.
,
/ 77/ /*
Bond Election—An issue of$10,000 waten main bonds will be
sub¬
7
'77-7
A/'^i.y^Biloxi, Miss.
Bonds
Purchased—^An issue
of
$70,000 improvement bonds was •
purchased recently by the J.- S. .7
Love Co., of Jackson, as 3s and 4s.
Dated May 1, 1945. /Legality ap-, /
.
proved, by Charles. &
of 1 St. Louis.
•
Trauernicht^.
:■/•/•.,. 7:
J7*
'
M,SS°U»|:
Missouri
Clayton),
Election
Bond
"house
amounting
"'
-
''
7//7
issue
of
An
—
and ;
-
jail
the
to
election to
be held
-
bonds
will be
Busha, City Clerk, has anribtmced
due to an error in proceed¬
ings the sale of the $43,000 re¬
funding water bonds, not exceed¬
ing ,3 % 7 interest, scheduled for
Oct. 29, has been postponed, • rr
Bozeman "and Special Improvement
7 Districts, Monti-J;"5,
'
Bonds Called
-^
Walter Davies,
has; an¬
special
Finance,
Director
of
nounced
that
the
various
and curb warrants and spe¬
walk
improvement district bonds
called for payment on Nov.
cial
are
states that
special walk: and curb warrants,
1940, - bond No. 14, called as of
1, 1945. Mr. Davies also
1, 1944, have not been pre¬
sented for payment, also Special
Nov.
Imp. Dist. bonds called as of Jan.
1, 1945 and July 1, 1945 have not
presented as yet.
been
,
Columbia Falls, Mont.
Bonds To Be Issued—The
$75,-
construction and water sys¬
issued as a re¬
sult of the election held on Oct.
000
tem bonds will be
20.-V
Phillips County Sch. Dist. No.
i
:
,
Bond
':
12
(P. O. Saco), Mont.
Offering — Herman
P.
Palm, District Clerk, will receive
sealed bids until 8 P.M. on Nov.
purchase of $57,800
building bonds, not exceeding 6%
interest. ■ Dated
Dec.
15, ,1945.
the
for
14
be
will
bonds
Amortization
the
choice and serial bonds will
first
be the second choice
of the School
If amortization bonds are
Board.
and
sold
may
entire issue
issued, the
be put into one single bond
several bonds, as
Board of Trustees may de¬
divided info
or
the
at the time of sale,
both principal and interest to be
payable in semi-annual install¬
ments during a period of 20 years
from the date of issue.
If serial
bonds are issued and sold they
will be in the amount of $100
termine upon
of $6,400
of said
serial bonds will become
payable
each,' the
sum
of such bonds
until all
after
are
The bonds, whether amor¬
tization or serial bonds, will be
redeemable in full on any inter¬
paid.
payment date from and after
10 years from the date of issue.
No bid for less than par and ac¬
crued interest will be considered.
Enclose a certified check for $300,
est
> '•
v
Superior, Nebraska
•
"
Bond Election—An issue of
park
swimming
and
will
submitted
be
at the
be held
j
.>
Commission
Our
was a
strenuously
tion held
on
Oct. 16:
f
Block No. 39————106.15
engaged in the exercise of essen¬
tial governmental functions,
i
"In September, 1937, the Gov¬
ernment demanded payment from
the
h-
/
Falls City,
Neb•
We had
a
number of
ferences
at
Treasury
Nov; 1,1941.. These bonds mature
issued bonds of which
redeem¬
City Clerk Treasurer, calls for
payment on Dec. 1, the following
1%% bonds amounting to $87,500:
$50,000 refunding
":T to' 50.':i^>^
1
bonds. Nos.
37,500 aviation field bonds. Nos.
1 ta 38.
t
;
s
Dated Dec.
■
i, 1940. Denomina¬
tion $1,000, .one for $500.
These
bonds are due oii Dec. 1, 1950;
.
-
•>; - ■ •
t
.
.*.
f
••
•
-
-
>•
_
-
,/
.'. *
i /'/
No..
>
.///,
•
/
'
'
--109.75
118.88
-
Paterson Savings Institution, Pat//erson;-///r';/';/
Block No.
1% and must be the
/■/;■
25
Block No; 56—————119.02
W. E. Wetzel & Co. (All or none):
Block No.
2—
118.97
office of the successful bidder; or
Marine
Trust
New
York;
Each bond
surrendered
must, unless it has been converted
into a bond registered as to both
Co.,
building
the
Delaware
River
Bridge and $7,158,000 for the cost
of
insisted
be attached to the bonds for pay¬
if
or,
detached
from
usual
date
Interest
course.
called.
Atlantic
Bond
ceases
on
Call
pay
a
"Then the matter dragged until
Aug.
18,
1943,
when
revenue
agents came to our office in Cam¬
den with a demand for payment
of $10,412.97. Payment being yefused, the agents attached Com¬
mission funds in
amounted
der
:
Camden bank.
Commission
which
claim,
then
Dec. 1,
the
October
In
the
redemption price of the
principal amount thereof and ac¬
a
Block No.
Block No. ,14--^---—->106.32
ceedings for a
accordingly begun in the Federal
will
Block No.
become
each
and
due
be
payable
to
lantic City:
Block No.
Riverside Trust
Block No.
of
said
bonds,
,
,
principal and interest must be
companied by duly executed
has
as¬
tered
owner
New
his attorney. Cou¬
or
pons maturing
Dec. 1, 1945 and
prior will be paid on presentation
and surrender* Interest ceases on
Joint
Commission
tered
complete
Ends In Victory
victory
above Commission
was
for
scored
the
on
Oct.
22, ending the long-drawn
litigation between the Federal
Treasury
Department
and
the
over
the
000
a stamp tax upon
by the Commission.
The Department of Justice noti¬
fied
counsel
for
the
will
refund
-
the
The
Federal
Court
1 Block No.
V
;
the
"Of
suit
much
mu¬
■
of construction bonds amount¬
ing to $950,000 will be submitted
to the voters at an election to be
held in the near future.
l-..™..-^^128.745
Block No. 16
»_12Q.504
117.416
No.
19—
No.
29
116.572
-136.453
105.946
Block No. 43.^--
-117.086
A.
Rippel,
Inc.,
Bogan Co., jointly:
,
Sheridan,
and
,
6
—108.804
Block No.- 44
——118.015
No.
Block No. 46—112.921
Julius A. Rippel, Inc.:
—116.23
Block No.
-
12————108.76
Block No.
importance
11
Block No.
15
Block
No. 21
Block No. 24—
——112.57
—
,
112.22
——110.59
than the money in. this case was
the attempt by the Government to
Block No.
violate
Block No. 37i——w—112.12
the
35——
Block No. 38_—r
Block No. 42—-———111.33
Block No. 45 ——.—-—112.15
:; Block No* 48- *—117.42
*
the
missioners.
Board of
i'
for, pay¬
Fire Com¬
'
,
Port of New York
*
Bond Sale Details—The $55,000
Lea
State
County
Bank,
of
Redemption—Howard
Bond
;
Authority, N. Y.
S.
Cullman,
Chairman,
has ./ an¬
nounced that the above Authority
Lovington,
has elected to redeem on Dec.
par—v.
1,
all
as 21/4s, at a price of
162, p. 1814—are dated
July 1, 1945, and mature on July
1, as follows: $4,000 in 1950 to
1959, $3,000 in 1960 to 1963, $2,000
in 1964, and $1,000 in 1965.
De¬
nomination $1,000.
general and refunding bonds,
sixth series, 3%, dated Dec.
1,
1940.
These bonds are due on
Dec. 1,1975, and will be redeemed
103% of their face value, plus
at
interest to Dec. 1, 1945.
redemption price will be
paid upon the surrender of said
bonds at the City Bank Farmers
Trust Co., New York City,; with
accrued
Said
NEW YORK
New York
(State of)
Receipts Gain; $12,000,000
Over Last Year—State tax rev¬
Tax
collected by the Department
and
Finance, was
$12,000,000 ahead; of
last year's return at the end of the
first six months of the fiscal year,
Taxation
of
more
than
30, due 2 mainly j to
personal income tax pay¬
ments, it was announced today.
all
■
Alger B. Chapman,
president of
Commission, said
the State's share of collections by
the Tax Department totaled $291,974,013 in the first half of this
fiscal year, compared with $279,115,393 in the first half of the pre¬
vious fiscal year, a gain of $12,T
858,620. In the same period, State
revenue from the personal income
tax
increased $12,059,868, from
$77,776,646 last year to $89,836,the
State
Tax
^
coupons
Registered bonds must
accompanied by duly executed
assignments or transfer powers in
be
Interest
blank.
ceases"
date
on
called. /77./0;
Rochester, N. Y.
Note
/%■•-■
Sale—The
special local
works notes amounting to, $500,000
and
offered for
sale
on
Oct.
25—v.
162, p, 1941—were award¬
ed to J. P. Morgan & Co., Inc., of
New York, at 0.39%, plus a pre¬
mium of $1.00.
Dated Nov. 1,
1945.
1,
These notes
1948.
were:
Among
are
due
other
on.
July
bidders
%
Rate
Bidder
Saloman Bros.
& Hutzler__ .44%
National City Bank,
New York
——.—>2 .48%
Bessemer Trust
*
The Tax
005,417.last year.
interest
unmatured
attached.
September
heavier
Department's total col¬
lections, including local shares of
shared taxes,
aggregated $350,839,808 during the first half of the
fiscal year, compared with $335,-
Block No. 40_————-108.39
,
Tatum Indep. Sch.
to
.
/
-115.92
was
,
able
Lovington), N. Mex.
514-this year.
—110.05
District
Dist. No. 28-A (P.; O.
W. H. Newbold's Son & Co., Julius
r
The
1939, pursuant to said
provisions of the Town Law. > In
the event that prior to the .de¬
livery of the bonds the income re¬
ceived > by private holders from
bonds of fhe same type and char¬
acter
shall
be
taxable
by > the
terms of any Federal income tax
law, the successful bidder jnay, at
his election, be relieved of his -Ob¬
ligations underthe contract to
purchase the bonds and. in. such
case the deposit accompanying, his
bid will be returned. The period
of probable usefulness of the ob¬
ject or purpose for which the-inr
debtedness is to be -contracted is
five years. The approving opinion
of Hawkins, Delafield & Wood,
of New York City,/will be furT
nished to the purchaser without
cost.
Enclose a certified check
for 2% of the bonds bid
NEW MEXICO
Lea County,
enue,
/
Block No. 31
dismissed.
greater
county,
Block No.
receive
Bruce A. Wallace and
Augustus F. Daix, 3rd, Counsel
for the Commission, will move to
Jersey,
Block
;r
in
23, 1943.
and An¬
Block
$10,497.16, with interest from Oct.
have
New
Block
will
the
Fund,
2 Rippel & Co., jointly:
\
Commission v
Teachers'' Pension
of
B.~ J. Van. Ingen & Co., and J.
mission to dismiss the suit pend¬
ing-* in
sue
.
the entire amount paid under pro¬
test by the Commission with in¬
Camden. "
Secretary
nicipal and school bonds, offered
sale on Oct. 23, as described
in detail here—v. 162, p. 1940—a
total of $3,973,000 bonds
were
awarded as follows;
Commission
that the Government
School District,N.J.
for
former's
bonds issued
3rd,
that of the $4,330,various block's of fully regis¬
nuity
Tax Litigation
—A
Wood,
State
date called.
River
Onion
the
Teachers' Fund Awards $3,973,reported by John
1
,
:
t
school bonds awarded on Oct. 9 to
Jersey (State of)
000 Bonds—It is
A.
River:
——101.24
Block No. 47—,—-——116.95
been
signments in vblanki ofthe regis7
-128.62
—
iLinderi'^Trust':Co;:2':;-:S^%
appointed New York
Paying Agent for the $710,000
sewer bonds, dated Sept. 1, 1945.
ac¬
127.64
Bond Election Planned—An is¬
render of the bonds in
the time be registered as to both
/
Co.:
Block No. 20^—
/'
District.
created in
-109.80
5
Homer B. Hand:
sold pursuant
are
tion
At¬
First National Bank, Toms
2
and.le-^
Law, for the
of financing the acquisi¬
of fire apparatus for said
-
—
8-
valid
be
purpose
Barr Bros & Co.:
Block No.
will
Fire
Bank,,
1
3
successful
to the Local Finance
—--113.17
4-l
commence
"The refund by the Government
on sur¬
negotiable is most welcome as it proves the
form, accompanied, unless regis¬ correctness of the " Commission's
tered as to both principal and in¬
policy."
:
*
/
%
terest, by all June 1, .1946, and
Fair Lawn, N* J•
subsequent coupons at the Nation¬
al City Bank,
New York City. 4 Paying Agent — Manufacturers
Trust Company of New York City
Any of the bonds which shall at
on
•
bonds
Town Law and
Co.: '
National
Boardwalk
Court.
Counsel
&
Schwamm
$10,497.16, un¬
Block No. 32——121.45
directed
its
legal pro¬ ■>; All bids received for blocks Nos.
53 and 55, were rejected.
refund. Suit was
crued interest thereon to said date
on
said
26—1——J-109.904
Butcher & Sherrerd;
and
protest
1945,
redemption price of the
principal amount thereof and ac¬
the
Co., Jersey City:
Block No. 17-^.J.—--—107.57
paid
interest
with
to
108.18
—
the
gaily binding general obligations
of the District,
all the taxable
real property within which wiR
be subject to the levy of ad va¬
lorem taxes to pay said bonds and
interest thereon, without limita¬
tion as to rate or amount. Said
bonds are issued pursuant to the
Fire
District
provisions of ~the
Block No. 52-%—J-2---105.00
Bessemer Trust
imposition^
S.
the
crued interest and
Commission
$7,158 plus interest and
penalty. The Commission declined
to pa/, pointing oufr the wealth of
legal precedents against the tax
1967. Said bonds will be redeemed
at
Block No. 22
of
tax
a
City, N. J.
Daniel
Bader,
Director of Revenue and Finance,
has announced that the City's 3%
refunding bonds of 1944j Nos. T-l
to T-375, are called for payment
on Dec., 1.
Dated June 1, 1944.
These bbhds vmature'oif Deci' 1,
—
the
The
M'per;Darby
/
of
at the office of Hawkins,
Delafield & Wood, of New York
City, on or about Nov. 20, 1945.
■
Block No.
9—-.—.—119.78
Block No. 51——.—-119.26
/
one-dollar stamp tax upon each of
the bonds sold for the transit line,
the
.
the
bridge rail
transit line. In 1939 the Treasury
revised its demand by admitting
that the stamp tax on the $30,962,000 was erroneously assessed but
principal and interest, be accom¬
panied by all coupons for inter¬
est, accruing after Dec, 1,; 1945;
Coupons due on Dec. 1,1945, may
bonds by the holders thereof, may
be presented for payment in the
constructing
option
bidder
Upper Darby National Bank, Up-
Midland
the
at
23.-——-—-113.87;
R. W, Pressprich & Co.:
for all
same
bonds.
Principal and ."in¬
terest (M-S) payable at the First
National
Bank,
Sparkhill.
The
bonds / wi 11 be delivered at 4he
Block No;* 50——119.18
Block No.
the
of
114.75
*
1
Dated
Sept. 1, 1945. De¬
nomination $1,000.
These bonds
are due on Sept. 1, as follows:
$2,000 in 1946, and $1,000. in 1947 to
1950.
Rate of interest to be, in
multiples of V\ or one-tenth, of,
123.01
49———
regis¬
or
coupon
bonds, not exceeding 4% in¬
terest.
34——114.85
Block No. 54
apparatus
tered
Eliza¬
Co.,
;
historic principle of
Leigh, Nebraska
K.
>
Bond I Election — An
issue of the immunity of State Agencies
$27,800
well and water main from Federal taxation," Joseph
bonds 1 will be submitted to the K. Costello, general manager of
vbters at the' election to be held the Delaware River Bridge, com¬
on Oct.'30;
' *v* mented. "The progress of this case
ii:-:
Trust
interest ing the Commonwealth of Penn¬
at the Asbury Park
& Ocean sylvania, the State of New Jersey
Grove Bank,vAsbury., Park, or at and the
City of Philadelphia for
the-option of the holder, rat the their contributions to the cost of
terest at 6% and asked the Com¬
Van "Anda,
A.
Bond: Call-—J.
:
con¬
$30,962,000
;
Block No.
■
for the purpose of reimburs¬
were
110.93
-----
No, 36———118.14
County
beth:
Washington
with
in which we
Commission had
18
Block No. 30--——
officials
showed that the
sealed
bids until 12:15 p.m." on
Oct 30 for the purchase of $6,000
Block
this
bonds.
running
Block
penalty of $2,050 and
a
the Commission in 1933,
being the first intimation
that the Treasury Department be¬
lieved it had a right to tax such
Asbuty Parki N. J. i\.
Bond : Redemption—^Mary
E.
Vaccaro,
City
Clerk,
has
an¬
nounced that the City has elected
to exercise its option to redeem
on Dec. 1,
$84,000, SV2% new term
bonds, Nos. 237 to 320.
Dated
right to exact
Fremont,-Nebraska
"J?.""
1
mark,
10 in-
about
was
fire
Union
Commission of $41,000 stamp
plus
sources
Block No. 33—————112.38
Block No.
sued by
iL'.;v
Commission
p, TTd > Sell: Bonds -- The, $55,000'
park, parkway and boulevard ac¬
quirement bonds, not exceeding
2Vz% interest, will be issued as
a
result of the election held on
half-way
from
Bond
Offering —Joseph
G.
Dodge, Secretary of the Board of
Fire Commissioners, will receive,
Boland, Saffin & Co.:
interest of $129.83 upon bonds is¬
NEW JERSEY
out
$35,000 park bonds V
25,000 airport bonds,
fiscal
revenue
Orangetown, Orangeburg Fire Dist.
(P. O. Orangeburg), N. L
Block No. 28——124.51
tax
(P. O. Camden), N.
bonds amounting to $60,000 were
favorably ^ voted
at the elec¬
the
ahead of last year.
—124.19
imposition of
violation of the im¬
munity of State instrumentalities
•/'
to be held on Nov; 6.
Dec. 1,
1972,#and are
able at par and, accrued
7————111.84
Block No. 27—
Federal taxation of
and 'municipal
bonds.
State
the tax
Trenton,, Nebraska. !
Bond Eleetion—The $10,000 air¬
port bonds will be submitted to
the voters at the general election
on
Block No.
first
10-———(l
120.54
Block No. 13—-——115.61
-
maintained that the
the
general election to
Nov. 6.
on
the
as
„
all
v
$35,pool
to
bonds
Co., jointly:
step' toward
-,
NEBRASKA
V
Cozad, Nebraska
Bonds
Voted—The following
At
Block No,
Delaware
vs'
&
Commission
.
payable to the District Clerk.
%
Hanauer
bonds amounting to $10,000.
by
_
1946 and 1947, and the
sum of $2,500 will become payable!
on the same day each year there¬
Dec. 15,
on
B.
dividual-
ment
-
J.
State
voters
that
Co.,
&
bonds
/ // / ^ Timber,
1'«:
Bond Sale Postponed-^-^Ted C.
&
Co., and A. Webster Dougherty
000
Dec. 4.
on
Stroud
concern
State officials throughout the
country, who regarded the at¬
tempt to assess a stamp tax upon
the
at
voters
watched with much
was
Resolution Passed--The... Village
i06d
•
Council passed'a resolution calling
for
an
issue
of
2%
refunding
/
$1,650,000
to
submitted
Paxton, Nebraska
V'
v
St. Louis County (P. O.
court
THE COMMERCIAL & FINANCIAL CHRONICLE
Number '4433
Volume 162.
..V
Co.,
Jersey City, (Plus $18.00)-
.49%
Chemical Bank & Trust CO.,
/New York, and 1
,
-
Central
Trust
Hanover
Bank
Co., New York,
jointly,
&
•
*
.
;
•
;
;.49%
Jefferson), N. C.
/
_
(
of refund¬
ing bonds amounting to $1,094,©00 and offered for sale on Oct.
Bond Sale—An issue
162,
23—v.
awarded
1941—was
p.
multiples of V\ of 1%.
V
Vick &
Tripp &
Co., of Chicago,
Co., of New York, H. V.
& Co., of Detroit, J. M.
Co.,
of
Minneapolis,
[Woody & Heimerdinger,
Sattley
Dain &
Walter,
Brown¬
fire
of
sue
city hall
$400,000 may
the
be called early in 1946.
and
station
election to
Minot, N., Dak.
public works bonds
may be submitted to the voters at
the election to be held next April.
L-c
•
of $200,000
i-Jsv.....:.;
/
;
■
:4s:z;.
4 -
-'-v.:.^■ < •'
+
Ashland,
• •
•
Ohio
•
.
.
Passed
Ordinance
Bond
•
•
—
The
City Council passed an ordinance
purchase the
recently calling for an issue of
bonds at the lowest interest cost
special assessment street improve¬
to the County, such cost to be de¬ ment bonds
amounting to $8,500.
termined by deducting, the? total
Aurora Local Sch. Dist,, Ohio',
amount of the premium bid from
Bond: Offering—H.
E. Miller,
the aggregate amount of interest
District Clerk, will receive sealed
upon all of the bonds until their
bids until 8:30 P.M. on Nov. 12
respective maturities. No bid of
for the purchase of $90,000 im¬
less than par and accrued interest
provement bonds, not exceeding
will be entertained. The approv¬
2% interest.
Dated May 15, 1945.
ing opinion of Masslich & Mit¬
These bonds are due $2,000 on May
chell, of New York City, will foe
and Nov. 1, 1947 td 1956, and $2,furnished the purchaser. In the
000 May and $3,000 Nov. 1, 1957
event that prior to the delivery of
ing & Co., Seasongood & Mayer,
Pohl & Co., all
of Cincinnati,
offering
bidder
Baum, Bernheimer Co., of Kan¬
City, Channer Securities Co.,
Arthur Tresch & Co., both of Chi¬
sas
to
Wheeler & Co.,
net interest
cost of 2.76%, as
follows: For
$120,000 maturing May 1, $23,000
in 1947 and 1948, $24,000 in 1949,
$25,000 in 1950 and 1951, as 6s,
$697,000 maturing May 1, $26,000
in 1952, $27,000' in 1953 and 1954,
$29r,000 in 1955 and 1956, $30,000
to 1966.
Rate of interest to be in
in 1957, $31,000 in 1958, $32,000 in the bonds the income received by
multiples of V4 of 1%.
No bids
£1959, $33,000 in 1960, $34,000 in private holders from bonds of the
for
less
than
par
and accrued
1961, $35,000 in 1962, $36,000 in same type and character shall be
interest.
Enclose a certified check
1963, $37,000 in 1964, $38,000 in taxable by the terms of any Fed¬
for $900 payable to the District.
•3965, $39,000 in 1966, $40,000 in eral income tax law, the success¬
Berea City Sch.. Dist., Ohio
3967, $42,000 in 1968, $43,000 in ful bidder may, at his election, be
Bond Election—An issue ol con¬
3969, $44,000 in 1970, $45,000 in relieved of his obligations under
the contract to purchase the bonds struction
and
1971, as 3s, and $277,000 maturing
equipment bonds
May 1, $47,000 in 1972, $48,000 in send in such case the deposit ac¬ amounting to $500,000 will be sub¬
3973, $50,000 in 1974, $51,000 in companying this bid will be re¬ mitted to the voters at the elec¬
1975, $53,000 in 1976, and $28,000 turned. Enclose a certified check tion to be held in November.
in 1977, as 2*/4s.
Dated Nov. 1, for $840, payable to the State These bonds are due in 25 years.
3945,
Denomination $1,000. The Treasurer,
ft
-'
Braceville Township Rural Sch.
next highest bidders were the
and Leedy,
cago,
©f Orlando, at par, a
,
Stranahan, Harris & Co.,
Inc., Allen & Co,, Ira Haupt &
Co., McDougal & Condon, Lyons
&
Shafto, and Thomas & Co.,
jointly, for $95,000 6s, $289,000 3s,
and $710,000 23/4s, at a price of
100.72, a net interest cost of 2.81%.
Other bids included the following:
5
Bidder
R. S. Dickson & Co.,
Breed & Harrison,
one
,
'
C. S. Ashmun Co.,
jointly, xi
For $120,000; 6s, $333,000, , <
2%s, $275,000, 23/4s, ana ®
$366,000, 3s%.
——..100.00
.
.
i"•
.
Purchased—The
Bonds
of
Oct.
the
.-,18,
bonds:
-V*
•
.
;/
on
refunding
various
-,
-
$110,000: Buncombe County bonds,
■
at 89.49.
'..7
27,000 Buncombe County, series
; 2
bonds, at 94.57.1
103,901.17 City of Asheville, gen¬
eral bonds, at 88.42.
5,000 City of Asheville, series 2
5
bonds, at 97.50.
,2,000 Beaverdam water and sewer
•
district bonds,
sewer
district bonds, at 41.16.
Skyland
sanitary
sewer
district bonds, at 87.25.
8,000
Swannanoa,
\isewer district
July 1.
"
.
,
e
and
water
bonds, at 84.90.
All of the above bonds
are
dated
*■
Dist., Ohio :■>
:
to
of
nounced
the
that
has
Clerk,
anr
the
of
award
following refunding of 1945 bonds,
not
exceeding 2% interest has
election to be held in
^
.
-
...
100, 102 to 104, 106 to 117, 119 to
129, and 131 to 160, amounting to
$100,000, dated Jan. 1, 1935, and
maturing on Jan. 1, 1961.
Pay¬
ment of the principal amount of
Act
Cheviot, Ohio
City
Auditor,
bids
until
1
/
H. Bur-
receive
will
noon
on
Oct.
29 for the
bonds
be
will
made
on
or
after Jan. 1, 1946, on surrender of
said bonds accompanied
by all
July 1, 1946 and subsequent cou¬
pons at the Central Hanover Bank
&
Trust Co., New York
City.
registered as to principal
should be accompanied by a duly
executed assignment in blank of
the registered owner or his at¬
torney. Coupons maturing Jan. 1,
1946 and prior will be paid on
presentation
and
terest
on
ceases
'-{■■■
Offering—W.
E.
Bond
Easter-
ling, Secretary of the Local Gov¬
ernment
Commission,
will
re¬
ceive sealed
bids at his office
Raleigh, until 11
in
(EST) on
Oct. 30 for the purchase of
$42,-
000 school
not
a.m.
building
coupon
bonds,
exceeding
6% : interest.
Dated Nov. 1, 1945.
Denomina¬
tion $1,000.
Due May 1, as fol¬
lows: $4,000 in 1948 to 1953, and
$6,000 in 1954 to 1956. General
•
000
Sale
water
In¬
1945.
Details—The
T;
i
i
e
; t
$20,-
bonds
due
are
on
July 1, 1965; callable from July
I, 1946 to 1950.
'
Chevoii (P.
O. Cincinnati), Ohio
Bond Election—An issue of gen¬
Act" and which
unlimited
^
of
-
Dempsey,
held 6n Oct.
V
pur¬
O.
struction
to
H
:
•
,
;y
The firm's index
of
the
s
--
.
Ohio issue to reach the
V-Day, the prompt
since
$318,000 will be submitted to the
resale of all the bonds
voters
ing, the strong bidding for $800,-
at
the
election to
f
general
be held in November.
Mansfield
000
Rural
Sch.
Dist.
Election
—
An
,
eral smaller
issue
of
vember.
These bonds
market, the bond house said.
the
•
Boiidt
20 years.
$250,000
construction
will
voters at
be
:
of
These bonds
site
and
..
the
to
the
will
the
nt
voters
are
due in 20 years.
.
,r
-
Ora/tgeville, Ohio
the general election to
in
November.
These
held
to
submitted
election to be held in November.
issue
submitted
bonds
be
equipment
amounting, to $480,000
Ohio
':
Bond JSlectlon—An
construc¬
Election—^The
and
tion
Maple Heights City Sch. Dist.,
'
Orange Local Sch. Dist (P. O.
Warrensvitle), Ohio•
'■*. i
due in
are
*Chios,
issues of
new
all contribute to the firm tone of
amounting to $380,000 will be
submitted to the voters at the general Election to be held in No¬
be
Revenue
Water
running to 1970, and the
splendid reception afforded sev¬
(P. O.
Mansfield), Ohio
bonds
reoffer-
on
bonds
Madison
-l"t
~
Bond Sale Details—The $15;000
bonds
due in 20 years.
are
public improvement bonds award¬
ed on Oct. 6 to Fox, Reusch & Co.,
of
—
The
following
■
;
Medina, Ohio
Ordinance Passed—The Village
Council on Sept. 11 passed an or¬
dinance
calling for an issue of
3%
special
assessment
$13,000
street improvement bonds.
Dated
Sept. 15, 1945.
were
sold
100.10,
a
in 1946 to 1965.
Election—An
Bond
mitted
Ohio
of
issue
the
to
voters
the
at
the voters at the general elec¬
tion to be held in November.
to
No¬
election.
North Canton, Ohio
Of
ing to $115,000 will be submitted
:
Ohio ' ' ^ ^
Portsmouth,
Other
re-!
$125,000
Bids—The
funding bonds awarded on Oct.
17 to the Paine, Webber, Jackson
Curtis, of Chicago, as IV2S, at
price of 101.04, a basis of about
1.329%—V. 162; p. i942^--also{ re¬
ceived the f ollowing other .bids
&
a
.
for
IV2S:
-j;:
Zf -:-y
yiy Price
Bidder '
, J
! Bid
Halsey, Stuart & Co., _„„10t07
Fox, Reusch & Co.,
Browning & Co., and
Ellis & Co., jointly
101.05
Assel, Kreimer 8c Co. .-___100.612
Weil, Roth & Irving Co.,
Van Lahr, Doll &
:: "I'J.
;
Newark Sch. Dist., Ohio
vember
improvement bonds amount¬
19^2-—
Cincinnati—y.~t 162, p.
as 2J>4s, at a price of
basis ,of about 2.238%.
bonds amounting to $641,950 will
be submitted to the voters at the Dated- Nov. 1, 1945. These bands
are due $375 on May and Nov. 1,
November election:
Bond. .Election
$250,000 library bonds will be sub¬
issue
tone
strong
the largest
Bond /
Sale—The
:
,
;
-
street
$6,500
department equipment bonds of¬
on Oct. 19—V. 162,
fered for sale
Isphprdirig,'and
•
li
.
\
Provident Savings Bank
& Trust Col, Cincinnati,
,
•
J. A.
jointly
-160.61
White &
Co., of Cincinnati, as Ryan, Sutherland & Co.
100.589
lV4s, at a price of 100.107, a basis Braun, Bosworth & Co.,
V; :: v
of about 1.229%.' .Dated Oct; 1,
Inc. -—.--^-—^,.—100.458;
1945.
Denomination $1,000, one Stranahari, Harris' & Co./ "
for $500. These bonds are due on:
Inc.
iOQ.29
Sept. 1, from 1947 to 1953. Other
Reeky River City Sch. Dist.,
bidders were as follows:
; • r
p.
1685—were
awarded to
__
Grand Prairie Township Local
Dist. (P. O. Marion),
Sch.
Ohio
Bond Election—An issue of
000
construction
bonds
will
at
be
the
and
$70,equipment
submitted
November
to
the
election.
,
■'
'....;
;•
•
Guyan Township Local Sch. Dist.
(P. O. Mercerville), Ohio
Bond Election—An issue of
struction
-bonds
1
to
'
struction
Fox, Reusch & Co.
l3/4%
100.17
1%%
s>4->?C:.. yA,
v-:;
j,
i
;
i
bonds
^
con-1
amounting,
to
$960,000 will be submitted to: the
voters at the general election to|
Co.,
Cincinnati
;f
,
Bond Election—An issue of
Bid
Savings
Bank & Trust
con¬
amounting
Provident
Ohio
$■: Price
Rate
100.107
be
f
u-.;-
•
1.57%.
market
to
mitted to the voters at the general
election to be held in. November.
Election—An
firm
a
bidding for a new
issue of $2,000,000 Da.yton bonds,
due 1948-72, which were awarded
at 101.078 for l^s and which is
con-
amounting
municipal
have
to
on
The
.
Township Sch. Dist.
Middletown), Ohio
bonds
;
j
market
vailed during the preceding four
weeks.
The index for 10
high
grade bonds continued unchanged
at. 1.18%, but the index for
10
lower grade bonds showed an -ad¬
vance for the week from^ 1.55%
&
Cleveland, will be
Principal and inter¬
est payable < at the National Bank,
of Hudson.
|
Enclose a certified
check for $2,680, payable to the
Village.
(P.
S
*
.
20 Ohio bonds was 1.37%
on the, foregoing date, as against
the level of 1.38 % which had pre¬
yiejd
of
Lemmon
Ohio-
cinnati.
approving
Sanders
'
-
during the week ended Oct.' 10
and prices improved' slightly, ac¬
cording to J. A. White & Co., Gin-
furnished.'
»
i
The'
continued
"Gallagher
The
Squire,
Bidder
Bonds Voted—An issue of $50,000 hospital bonds was favorably
:
the
payable from
pursuant
to "a
the -State.
opinion
*
-
Record in Previous tVeek—
are
taxes
a
x.lb%.
refund
in
slightly
yield of 1.37% a week .ago
today..The index foiS 10
lower grade bonds also improved
slightly from a yield.of 1.55% to
1.54%, but the yield on 10 high
grade
bonds
is
unchanged; at
writ issued by the Supreme Court
of
operating
expense
bonds
amounting to $128,000 will be sub¬
voters
'■■s
to
are
of the so-called
suance
eral
Cando, N. Dak.
obligations; unlimited tax; regis- j voted at the election
terable as to principal alone, de-'
II, 1945.
>.
Said bonds
bonds heretofore- issued
r
pie of Vi of 1 %. No bids for less
than
par
and accrued interest.
Enclose a certified check for $350,
payable to the City.
street
works
These
of
dearth of sup¬
to 1.36%
£»
ferent rate of interest in a multi-:
Bond
utility revenue
bonds awarded, on Oct. 15 to the
Layne Western Co., of Minne¬
apolis, as 2M>s—v. 162, p. 1942—
were
sold at par.
Dated July 1,
1945.
from
under
2293-6
a
Ohio-bonds increased
20
Elmwood Place (P. O. Cincinnati),
surrender.
date called.
Bowbells, N. Dak.
Concord), N. C.
- ■_
Bond
0.K
been dull due to
ply. Our index of the.markef .for
,
i.
(P.
to .improve in
municipal market during
the past week, but; business has
outstanding
issued
j?T'y
'
continued
the Ohio
purchase of $3,500 2^%
playfield improvement bonds. $270,000 sewerage disposal plant
bonds.;
' i
.' •-■■■
Dated Nov. 1, 1945. Denomination
371,950
sanitary sewer system
$350. Due $350 Sept. 1, 1947 to
i;-x r bonds.
-.'x
1956.
Bidders may bid for a dif¬
fNORTH DAKOTA
County
Section
.
Said
Bids
General, Code of Ohio, and in ac¬
cordance, with an ordinance of
the
Village passed on Oct.
:
'Cabarrus
and
•
Bond Offering—Edward
sealed
Cincinnati, reported on Oct. XT as
Marion, Ohio
election to be held in No¬
'
of
bonds
;
follbWs:
authority of #the Jaws of., Ohio,
particularly • the Uniform Bond
Bond Election—An issue of con¬
lion,
amount
.the
Municipal B6nd Bids Continue
r
>
drainage and site pur¬
chase bonds amounting to $325,750 will be placed on the ballot
1946, of refunding bonds Nos. 22
to 28, 50 to 54, 56 to 60, 65 to 67,
69 to 73, 78 to 86, 88, 89, 93 to
like,
be
♦
at
hnprdvemenf—3. A. White & Co.,
Said bonds are
issued for the; purpose of refund¬
ing -at a-lower rate of interest,
<
the: voters
Ohio (State {of)
multi¬
a
to
20 years.
-
ple of lk of 1%.
callable
con¬
bonds
*
will
general election to be held in No¬
vember.: These, bonds are: due in
<:
,,
...
ferent rate of interest in
Brooklyn Village Local Sch. Dist:
(P. O. Cleveland), Ohio
at the
:
Bond Offering—W. W. Shilts,
Village Clerk, will receive sealed
bids until 8 P.M. on Nov. 20 for
the purchase of $268,000 2% re¬
funding
bonds.
Dated Jan. I,
1946.
These bonds are due $7y000 on July 1, 1947, Jan. and July
I, 1948 and 1949, and $8,000 Jan.
and $7,000 July X, 1950 to JanJ: 1,
1965.
Bidders may bid for a dif¬
a
$200,000
'
$25,r
000 fire station construction bonds
will be submitted to the voters at
vember.
Hudson, Ohio
equipment
to
submitted
construction, and equipment bonds
struction,
BofhdT Call —Augusta Williford,
Clerk, has announced that
call for payment on Jan. 1,
'
::.v.
Bond
A bonds.
B bonds.
Bond Election—An issue of
the general
November.
con¬
000 will be submitted to the voters
at the November election.
delayed until Oct. 31:
been
$600,000 issue
510,000 issue
struction Z and
amounting
Bond Election—An issue of
(P. O. Cleveland), Ohio
Sale Delayed—John M.
Village
; Bond Election—An issue of
..
Bond Election—An issue of
be held in November.
Coyne,
Ohio
'
$110,000 will be submitted to the
voters at the general election to
the
:
1936.
& Washburn,
Bonds
at J36.40.
1,000 Caney Valley sanitary
1,000
Legality approved
Town
follow¬
tenders
for
call
of
$5,000
Mount Olive, N. C.
O.
ing bonds were purchased by their
respective sinking funds as a re¬
sult
1,1945. De¬
New York.
'
: ■'
of
1946 to
1953,
Reed, Hoyt
by
•
amounting
bonds
struction
Bond
issue
$1,000.
These bonds
Nov. I, as follows:
unlimited tax.
(Net interest cost of 2.896%.)
Buncombe County (P.
Asheville), N. C.
C...
1948, $4,000 in
in 1954 to
1958, and $6,000 to 1959 to 1970.
Principal and interest payable in
New
York; general obligations,
to
1949
Greensboro,
McDaniel Lewis & Co., and
;
on
$2,000 in
;;'H;
Nov.
Dated
nomination
due
O. Phalanx
Station), Ohio
Bond Election—An issue of con¬
Brooklyn
of Charlotte, and McDaniel
&
Co.,
of Greensboro,
jointly.
are
Durham,
■wm
bond
$123,000 2%% water, sewer and
street refunding bonds was pur¬
chased recently by R. S. Dickson
& Co.,
November:,;v
'•
|'1 ) :'r?
*''-."'■ vy. £•"
Hubbard Exempted Village Sch.
„
Purchased—An
Bonds
Lewis
Vance Securities Corp.,
.
year,
Hamilton Lakes, N.
Watkihs, Morrow & Co.,
:
Weil, Roth & Irving Co.,;
\
.Wachovia Bank & Trust Co.,
Asheville,
/
t
First Securities Corps.,;
.
$50,000
anticipation notes were awarded
recently to the Union National
Bank, of Charlotte, at a discount
of 0.375%. These notes are due: in
"\:":^Price Bid
Z
Sale—The
Note
(P.
Dist.,
Charlotte, N. C»
^
Nash¬
Bank,
Union
Commerce
ville,
Royalton Village Local Sch.
(P. O. Brecksville),
Dist.
struction bonds amounting to $65,-
,
Bond: Election Planned—An is¬
sue
North
$31,000 will be placed on the bal¬
lot at the general election to be
held: In
to the voters at
be submitted
Each bid
rate for part of the
bonds
(having the earliest ma¬
turities), and another rate for the
balance, but no bid may name
more
than two rates, and each
bidder must specify in his bid the
amount
of bonds of each rate.
The bonds will be awarded to the
,
bonds amounting to
may name one
a
Fargo, N. Dak.
Election Planned—An is¬
;;:r
Bond
retary. Bidders are requested to
name the interest rate or rates in
syndicate composed of Fox,
Reusch & Co., of Cincinnati, Kalman
& Co., of St, Paul, M. B.
to
'
/
place of purchaser's choice.
Principal and interest payable in
New York City.
Bids^ to be on
forms furnished by the above Sec¬
at
(P.
County
Ashe
I
r
1945,
livery on or about Nov. 15,
NORTH CAROLINA
I
|
Monday, October 29, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
12070
held
in November.
■
1.
J
•»:'( l ■;r
■
: ;
Volume
Toledo, Ohio
Bond
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4433
162
Offering
—
general
Klein,
City Auditor, will receive sealed
bids until noon on Nov. 13 for the
bonds
of the following
amounting to $400,000:
purchase
ination
i
held
be
to
-f
will
be
*
construc¬
submitted
the
to
voters
held
,'
OKLAHOMA
/quested by the purchaser,
a 5 provided the amount iriatur■ing, at any, time is riot altered,
%Due $20,000 Deo. 1, 1948
to 1957, Bidders may bid for
held
:
•;
'
•: A
Nov, 27.
on
v>&£ * Y-
'
;??&! Y:' :r fv.;V-VY'£fy'.
■
Election—The
of interest in
a different rate
i ;-
a multiple of 44 - of 1 %.
It
bids are received based upon
,
bcjnds amounting to $171,000 Will
election to be held
the
.-
offering not less than par arid
accrued
interest ," upon " the lowest rate of iriterestl pro--
however, that the numi j v! ber of annual installments as
.set forth
in the £ ordinance
$50,000 airport bonds.
14,000.
**
the amount maturing in each
^
'
Will; depend; jupoh
^
interest
bids will be resuch ;basis irre-;.
spectiyd of the maturities and
;• interest rate set forth in the
.
rates; that
ceived on
f
bonds. :V,;
bond' ordinance.
V,
Said bonds
secured only by a mort¬
the property and the
of
the
Municipal
are
gage on
bonds.
v
•
.
District (P. O.
Pittsburgh), Pa.
School
.jBorid Election —-An issue • of
$^5,000 construction bonds will bh
submitted
to
the
voters
election
general
November.
the
at
held, iri
to Y be
•>«.
Union Sch. Dist. P. O.
Avonworth
Pittsburgh), Pa.'-
Airport including a franchise
in
of
case
The
foreclosure*
bonds contain a call provision
? as Set{f6rth iri Section; four of
'rJ<\
ordinance,,b.ut bidpresent with their
bid an alternative
without such call pro-
; the. bond
'
ders
may
original
;
_
bid
Vvision. '
-7
Dated
v
l
1, 1.945. Principal
and interest payable at the Chem¬
ical Bank & Trust Co., of New
v:
issue of con¬
amounting
to
bonds'
$500,000 will be submitted to the
vpters at the November election.-;
'
Rlcom*hvrg Sch. Dist., Pa.
! Other
Bids—The $115,000
incident
proceedings
re¬
funding V and • improvement; bonds
awarded -ioh^Qct^^ LOY:-tQ, ^ait9
0o., Inc., as : i H s, at a price; pf
100.31, a basis of about 1.202%
—V.. 162, p. 1942^—also received
the following bids:
/: .'
'
Price
Dec.
All
Yqrk.
Bidder-
voters
•••
v
;
;
of the
Enclose a certified check
owner.
for 1% of the
amount of bonds bid
Commissioner
for, payable to the
of-the Treasury.
of
issue
:
county veterans memor¬
ial bonds will be submitted to the
Truro
Butcher & Sherrerd
For
For
Yankton,
Election—Aii issue of $20,-
construction bonds
will be submitted toHhe voters at
to
be held
the
voters
$6,000
Sale —The
3%
1685—were
awarded
to Fox,
of Cincinnati, as
l%s, at par plus a premium of
$6.60, equal to 100.11, a basis of
1.426%. Dated Oct. 10, 1945. These
notes are due on April 10, 1947.
.
Co.,
other bidders
The
were
as
fol¬
lows:
Int.
J. A. White & Co.,'
Cincinnati
v
.
Rate Premium
Bidder
tional
u_2
1
-
%
000
be
issrie
Ripley),
j V -• V; Tennessee;
Bdnd Sale—The $300,000
pital
bonds
Oct. 22
offered" for
hos¬
sale
on
awarded to the First
were
National
Bank, Memphis, at a
price of 100.133, a net interest cost
of about 1.962%, as follows: for
$280,000 maturing $10,000 Oct. 1,
1948 to 1975, as 2s, and $20,000
maturing $10,000 Oct. 1, 1976 and
1977, as 1 %s.
Denohilnation
sale
on
Dated Oct. 1, 1945.
$1,000* 1 The next
highest bidder
V.
basis of about 1.412%. Dated Oct.
15,
Denomination
1945.
Due Oct.
15 from
$1,000.
The
1946-1965.
next highest bidder was the Mer¬
cantile-Commerce
Co.,
St.
Louis,
Bank
and
the
&
Trust
First
of
Michigan Corp., jointly, for lV£s,
at a price of 100.78.
Other bid¬
ders, also for IV2S, were:
;
;
j
Bid
Local Sch.
(P. O. Route 9, Shaker '
Station, Cleveland), Ohio
Dist.
Election —The
$235,000
bonds will
&
100.666
Co.
A. M. Kidder &
W.
site
7 7 Price
.Bidder
2V2% ;!,i Par
Warrensville Heights
MihA Ms ^
■
Laidlaw
Bank,
construction and
D
Co., and
H. Newbold's
John
Hutton &
Nuveen
&
-
interest
net
A
of
cost
100.549
Co., and
Co.,
,v
:
iy2s, and $115,-;
Dec. 1, $35,000 inf
as
on
1955, and $40,000 in 1956 and 1957,
iy4s. This supersedes the sale
report given in v. 162, p. 1943.
The bonds are dated Dec. 1, 1945.
Denomination $1,000.
Other bid¬
ders
follows:
as
were
Price Bid
Bidder
Mercantile-Commerce
Bank & Trust
Co.,
St. Louis,
Commerce Trust
Co.,
and
Kansas City,
The
;
,
Barcus, Kindred & Co.,
jointly,
For $350,000, iy2s———-ioo.il;
(Net interest cost 1.484%)
'{
....
Maryvitle, Tenn.
A, Crockett, Sec¬
retary-Treasurer, 7 hris announced
Bond Call—J.
,
the call for payment on Dec. 1, at
par and accrued interest, plus a
premium of 3%, of electric system
series A bonds, Nos. 158
June 1, 1939.
De¬
revenue,
Dated
229.
to
nomination
$1,000.
These bonds
mature on June 1, 1950 to .1952,
The I bonds are payable at the
Chemical Bank & Trust Co., New
York, or at the Bank of Maryville, Maryville, Tenn.
Interest
ceases on
date called.
$560,000 2y4s and $640,all callable, making a net
interest cost of 2.034%.
.
.
the Tennessee Finance and Taxa¬
tion
for
revenues
Tax
recently.
Department
the
three
months
ended Sept.
30 stoPd at $14,782,704, against $13,792,492 in the like
period a year earlier. The yields
from
gasoline and tobacco taxes
were Up $777,280, or 14.54%, and
$350,442, or 25.89%, respectively.
A
$117,684,
or
•) j*;'
19.62%, in excise revenues.
Gasoline tax revenues were $6,-
ceipts
revenues
were
$1,640,195
$1,462,673.
Dallas
Other
awarded
cost
100.024,
of
price
Details—The
of
on
1.3767%,
,
IV2S
Mercantile-Commerce
Bank
&
Trust
100:157
For
$185,000,
(Net interest cost 1.601%.)
Columbian Securities Corp.,
Louis, and
Dallas Rupe & Sort,
jointly,
v
•'
■
-
100.06
-
& Trust
Y** l-> i 1 /I
XT'
'
J?—
n
St.
■
.
--.-.-aOOJOOl i
'■
Y
•.
,
•
'Y
.
■
I
l3/4s, and
100.05
1.621%.)
(Net interest cost
Lee Higginson
jointly,
For $80,000, l3/4s, and
$105,000, iy2s >——r-100.03
Dallas Natibrial' Bank, and
Louis B. Henry
and
Corp.,,
;
Investments,
••
•
■
Co.,
jointly,
;
.
Y
For $350,000, l3/4s
(Net interest cost
$80,000, iy2s, and^
$105,000, 1%S
—.—100.203
YY''
Kebbon, McCormick Si
Co.,
-j:
,r
$115,000, 1V2S
Barcu?, Kindred & Co.,
Dallas Union Trust
Y"'»
;
For $235,000,
-.-j.
John Nuveen & Co., and
Paul, /
'I
•
YY^=.-Y
■
Martin, Burns Si Corbett,
Smallwood & Co., and
Kenneth A. Ellis & Co.,
V( jointly,
100.22
4s, and
$165,000, iy2s
"?Y'Y':'"y 'y;' Y";Y
Bank,
Minneapolis, ' /:vyYYY
First National Bank,?"'
5\
Co., Cincinnati,
For $20,000,
Y-'i:
jointly,
Y'-:"
For $235,000, l3/4s, and
C. F. Childs & Co.,
$80,000, zy4s, and
$105,000, iy4s
Provident,; Savings Bank
;
First National
y
Louis B. Henry Investments,
jointly,
"
r or
f
f
Antonio, and
Ranson-Davidson Co.,
$115,000, l^s
—100.13
(Net interest cost 1.611%.)
r
Paine, Webber, Jackson &
Curtis,
Commerce Trust Co.,
Kansas City, arid
•
San
y
.:v-
iy2s
$185,-
Oct.
18
at
a
Texas
Bond Sale—The $1,200,000 con¬
struction bonds offered for sale
Oct. 22—V.
162, p. 1943—were
syndicate composed
County, County Sch. Dist.
(P. O. Odessa), Texas
Bond Sale Details—The $135,-
September by the First Na¬
Bank of Odessa—V.
162,
v
;
_100.15
1.73%.)
-
of Dallas;
J. R.
.'jointly
—100.434 Phillips Investment Co., George
V. Rotan Co., McClung & Knicker¬
Halsey, Stuart & Co. —100.237
Galveston, Texas
1816—were sold as l%s, at a
price of 100.85. These bonds ma¬
ture Dec. 1, as follows: $1,000 in
1946 to 1949, $21,000 in 1950,. and
Net in¬
$22,000 in 1951 to 1955.
come
basis of about 1.63%,
2y4%,
of
and
43/4%
5%
water
revenue
bonds have been approved as to
1945,
legality by W. P. Dumas, of Dal¬
las.
Dated Sept. 15, 1945.
These
bonds
are
to
be
used
the purchase of the
and
finance
Central Power
Light Company.
El Paso,
Sale
Bond
000
to
held in tbe near
highway right of way bonds
on Oct. 18 to a syndicate
El Paso National
Bank, of El Paso, at a price of
100.02—v. 162, p. 1943—were sold
by
the
house
of£pred for sale on Oct.
and
000
McRoberts
to
San
Y
school
bonds amounting to $100,Sale—An issue of
Bond
Antonio,
1686—was awarded
Graham & Co., of
and C. R. Woolsey
Co., of Lubbock, jointly, at a
interest cost of about 2.66%.
Dated Nov. 15, 1945.
Denomina¬
&
net
These bonds are due
from 1946 to 1975.
bidder was the
Texas Bank & Trust Co., Dallas,
at a net interest cost of 2.71%.
tion $1,000.
on
The
Nov.
15,
next highest
Dallas),
T exas
$350.-
awarded
headed
future.
Consolidated Indep.
Sch. Dist., Texas
Groom
Honey Springs (P. O.
Texas
Details—The
and paving
20—V. 162, p.
Edinburg, Texas
Bond Legality Approved —The
Planned—An is¬
improvement, drainage sys¬
bonds amounting
to $1,748,000 will be submitted to
the voters at an election to be
of
sue
tem
p.
of R. N. Eddleman & Co., of Hous¬
Columbian
Securities
San
Antonio; Dallas
Y;
Bond Election
Ector
v
Trust Co.,
;
'
Co.,
tional
Brazosport Indep. Sch. Dist. (P. O.
Union
.
1
series
Dallas;
Corp.,
of
..
.
.
'"t For $185,000,
$400,000
a
jointly,
:
For $235,000, l3/4s, and
$115,000; ;iy4s
—100.10
(Net interest cost 1.495%.)
Y; ^
and
1.3767%, for Paine, Webber, Jackson &
Y
$115,000 as iy2s, and $70,000 as Y" Curtis, .'
Y:,. ■
iy4s—V.
162, p.
1943—also re¬ City National Bank Si
ceived the following bids:
Trust Co., Kansas City,
Price % and
jg.Y, \Y ] gYf.Y' CY;..;.Y:
Bidder
'
Bid
Baum, Bernheimer Co.,
Halsey, Stuart Si Co., and
Si jointly,
;
y
/
Fort Worth National Bank,
■!
For $135,000, 2s, and •>;, VY
Fort Worth, jointly, ) V
;
$215,000, IV2S
——100.03
City*-jointly.
awarded to
Ui
Con,
net interest cost of
a
IV2S, and $70,000 as IV4S—v. 162,
p. 1943—were purchased by Stern
Bros. & Co., Kansas City, and R.
J.
Edwards, Inc., of Oklahoma
on
City,
the
R. J. Edwards, Inc., of Oklahoma
City, jointly, at a price of 100.024,
ing
a net interest
for $115,000, as
Freeport),
Kansas
(|
;
V'-V;
■;
Dallas Rupe &
Oct. 18 to Stern Bros.
on
of
Co.,
and
$185,000 road
of 1945, bonds
000 school bonds purchased dur¬
1945, road refunding
awarded
Braun, Bosworth & Co., Inc.,
Texas
series
i„;|
Riple.y Si Co., Inc.,
Edwards, Inc., •
V
J.
R.
Bids—The
refunding,
v
Harriman
County (A 6. tiallas),
at
'
bonds
■
jointly,
Dallas County (P. O. Dalias),
Texai
Sale
Cleveland, Texas,
v
Bonds Voted—An issue of street
County (P. O. Beeville), Texas
Bond
.Union Trust Co.,
I
Dallas,, and
•
;
Stern Bros. & Co., jointly,
For $135,000, 2s, $135,000
;
iy4s, and $80,000, iy2s_.100.003
(Net interest cost 1.494%.)
For
; Bonds Approved—An issue of
road construction bonds amount¬
000 series of
.,r;,yx:;
Dallas
paving bonds amounting to $100,000 was favorably voted at the
election held on Oct. 17.
7.73%, increase was
reported for gross receipts taxbs.
There was a decline of $356,989,
'
••
John Nuveen & Co.,
_
St.
7,18% gain in the State's tax col¬
lections for the first quarter of
the fiscal year was reported by
i-'J
,
100.06 for
&
ton; Texas Bank & Trust Co., of
Son;
| & Co., jointly
W. E.
?
1954,
as
000 2s,
the Equitable
was
Corp., for
$290,000 2s,
$10,000 l%s, at a price of
100.208,
1.972%.
of $150,19—
and
maturing
Curtis; Stranahan, Harris & Co.,
<
;
Inc.;' City National Bank & Trust Boettcher Si Co.,
v; >
Co., Kansas City; Crummer & Dewar, Robertson &
Pancoast, and
r
Co.; Commerce Trust Co., Kansas
* •
*
City; Dewar, Robertson & Pan-' Dittmar; & Co.,-jointly,For ; $350,000,: iy2s-——100.0£
coast; E. J. Roe & Co., and Louis
B. Henry Investments, which bid
(Net interest cost 1.493%.)
Securities
and
j
Oct.
1953
000
highest bidder was a group
composed of Braun, Bosworth &
Co., Inc.; Paine, Webber, Jackson
:
refunding Act of 1943, bonds
for
1, $25,000 in 1947 to 1949,
$30,000 in 1950 to 1952, $35,000 in
&
ing to $750,000 was approved
the election held on Oct. 6.
162, p. 1942—was awarded : to the
First National Bank of Boston,
as
l^s, at a price of 100.79. a
$1,000.
$325,000 maturing on!
Dec.
.
Bee
100.50
Denomination
follows:
as
of
next
i3/i% Bonds
Sale—An
offered
$2.00
County Na¬
McArthur
Bond
to
1945.
.100.10
'
Vinton
election
held on Nov. 20.
and excise
Bank,
-
Cranston, R. I.
Bond
county home improvement notes
offered for sale on Oct. 18—V. 162,
&
the
at
124,512 for the quarter and tobaccb yielded $1,703,683. Gross., re¬
RHODE ISLAND
County (P. O. McArthur),
Reusch
of
.
Ohio
p.
Dak.
or
1 -101.57
Farmers National Bank,
i Bloomsburg
in* November.
gNote
be
TEXAS
For
000 fire station
to
t
swimming pool bonds amounting
$115,000 will be submitted to
—100.07
-
PhUIiDS, Schmertz &' Co.
Bloomsburg
Vinton
§
114 % Bonds
First National
general election
-w-.10O.39
1%% Bonds
Associates
and
Ohio
the
„
Hemphill, No'yes & Co. —100.33
election.
Bond
100.44
.
Township (P. O. Reynolds),
vpters at the November
0
^Tehnestfe^ (State' of )
Lynch,
jointly
$750,000
I
election
Tax Collections ShovV Gain—A
—i-100.29
W. H. Newbold's Sort & Co.,
_■
Elefctioii-—Ah
Bond
Moore; Leonard &
(P. O. Warren),
Trumbull bounty
7%f|Ohio Y
the
Bond';'Election:—'Artiissue
For i'1^ % Bonds
v
5
H, Rollins & Sons
E.
proper
arid interest at the request
municipal electric
be submitted to
may
at
.
'
is¬
Bid
>
.
authorization of
For.1*4% Bonds
these issues will be taken under Singer, Deane & Scribner 100.79
the direction of a* bond attorney E. W. & R. C. Miller & Co., r
whose opinion as to the legality of
.:
and
the bonds may be procured by the
Dolphin & Co., jointly
100.578
purchaser at his expense.
Said Mackey, Dunn & Co.
-^100.57
may
be exchanged for A. Webster Dougherty &
bonds
bopds registered as to principal
Co., and
the
to
are
7
j6orid Election—An
struction
revenues
1
be
Planned—An
held next April.
'
PENNSYLVANIA
Aspinwall
.
J
to
than 15 years.
Lauderdale County (P. O.
,
system bonds.
garbage disposal system
41,000
shall not be changed, but that
year plus interest each year
will be substantially equal
arid that the exact maturities
election
TENNESSEE
sewer
Y Y* • vided,
IjL
the
Oct. 23;
on
7^0,000 park, bonds."
bonds will be dwarded to "11)0,000 cemetery, bonds.
6,000 municipal building
highest responsible bidder
•
of
be submitted to the voters at the
; a, different rate of interest,
the
issue
to
following
'
'
plant bonds
■
Seminole, Okla.
jBtoridt
Election
of $250,000
,
Yj&orid Election—An issue Of im¬
provement bonds amounting to
$16,00.0,000 will; be submitted to
thb voters-at the election to be
v '
more
of Houston; Mosle &
Galveston; Lovett
Abercrombie
&
Co.,
Chas.
B.
White & Co.,
both of Houston;
Rauscher, Pierce & Co., of Dallas,
and the R. J. Edwards, Inc., of
Oklahoma
City, at a price of
100.003, a net interest cost of
1.91 %,as 'follows:
For $645,000
maturing Oct. 10, $45,000 in 1946,
$65,000 in 1947 to 1950, $85,000 in
1951 to 1954, as 2y4s, and $555,000
maturing Oct. 10, $85,000 in 1955,
$90,000 in 1956, and $95,000 in
1957 to 1960, as l%s. Bonds shall
be
optional for redemption on
April 10, 1955.
Dated Oct.
10,
Moreland,
Sioux Falls, S. Dak.
Bond
sue
Oklahoma City, Okla.
bocker, all
.
These bonds
Oct. 30.
on
v.
different rate of interest in
a
a multiple of V\ of 1$L
200,000
3% municipal airport
; improvement
first mortgage
; bonds,.
Denomination $1,000,
but will be printed in differ-r
m ent
^denominations
as
re-
the
at
due in not
to; be held in November.
..
..
$12,000 semi-annual, sewage treat¬
ment plant bonds, not exceeding
5% interest, will be submitted to
•
'
y.
DAKOTA
SOUTH
■
Ipswich, S. Dak.
the voters. at the general election
$1,000. Due $8,000 Dec. 1, 1947
to 1971. Bidders may bid/for
7
•
$20,000 fire
apparatus and building
bonds
i-
Bond ; Election— An
Bond Election—The
tion
in
,*
«
YYjYY- Wesf Carrollton, Ohio
Denomination
bonds.
election
,
November.
$200,000 3% Bancroft Grade Elim.
!
be submitted to the voters at the
•
Rudy
Bond
sue
tion
the
Election Planned—An is¬
city hall construc¬
be submitted to
at the election to be
of $15,000
bonds
voters
may
held sometime this Fall.
will
receive
A.M. on Nov.
Controller,
CitV*
sealed bids until 10
of the follow¬
$2,350,-
fpr the purchase
7
B. Oakes,
Offering:—Roy
Bond
bonds amounting to
ing
ooo;
••
,
*
••••<•*•..
300,000 airport bonds. Due $12,000 Dec. 1, 1946 to 1970.
coliseum
and
coli?eum
250,000
bonds.
$10,000 Dec. 1, 1946 to
improvement
annex
Due
1970.
Bituminous street im¬
provement bonds. /; Due $20,000 Dec. 1, 1946 to 1955.
•
100,000 civic center improvement
bonds.
Due $4,000Dec.
1,
200,000
1970.
1946 to
1, 1945. Denomina¬
Interest rates to be
in multiples of V\ of 1% only.
Bid on only one interest rate on
each issue. Bids must be for all
Dated Dec.
and for not less than par
none
or
Principal
interest.
accrued
and
and interest
payable at the Chase
Bank, New York,
The
City has no provisions for regis¬
tering principal and interest. The
approving opinion of Reed, Hoyt
& Washburn, of New York, will
National
Bids
furnished.
be
not
strict
in
conformity with the notice of sale
will not be considered.
The bonds
issued under authority of City
are
-
should
that
Petty, Texas
after the
the
before
immediate future."
lege
as a
of
Board
During
Transition —
Local fiscal officers were warned
Carefully
separate institution. The
Education has voted to
United States
Need
for
Director
—
Snyder, making his of¬
quarterly report to
fourth
Congress
recently, reiterated the
the planning of public
for
need
election
an
held
fol¬
Oct.: 16:
on,
$365,000 electric light syster rev¬
enue, and $20,000 swimming pool
revenue bonds,
"
vv
> :
Bond Election—The
cil
has
held
called
Oct.
on
voters
30 to
bonds
slack
try."
of
their
River
Authority
Corp.,
sanitary
and
sewer
i
r.
agencies
'
y,
to
will
State and local
the transition
their
continue
were
important that
communities
<
fiscal
of¬
have
and
plans ready, so the
community will receive some¬
thing worth while from money
that may be spent for unemploym e n t
relief.
Co-operation be¬
money
areas.
more
by
urgdd to stabilize local revenues
each
unit
of
government.
Federal,
for
public works for
period."
States—A
Mr. Sny¬
so
important that
local officials
gal
can
The offering is made only by the Prospectus.
Bid—The $250,000 water
Other
Price
Bid
Bidder
syndicate
the; United
$4,595,000
For
follows:
I
King County Sch. Dist„ No. 210
(P. O. Seattle), Washy
construction
bonds amounting to $84,500 will
be issued as a result/of thcttelecBonds Issued—The
tion held
on
Oct. 20.
14,075,000 3%%. Due June 1, as
follows:
$2,633,000 in
1956,
in 1957, $2,812,000
1958, $2,906,000 in 1959,
$2,721,000
|
in
j
and $3,003,000 in I960.
'All
of
these
Election
Bond
[Certificates Sold—On Sept. 15
issue of deposit certificates
amounting to $110,000,000 were
an
awarded
at
due
on
1946:
public safety building
Election
Bond
Certificates
$160,000,000
Kobbe, Gearhart & Company
Incorporated
October 26, 1945
'
*
'
Sold—An
issue
sold
was
issue
These
certificates
at
'
'
'
0.75%;
due U on
are
>
<
Pelham Township (P. O. Fenwick),
Ontario ' ''\ ;
■
.
Bids
Other
The $40,000 3%
semi-annual, school bonds award¬
ed recently to the Royal Bank of
Canada, of Montreal, at a price
of 99.64,
—
also received the follow¬
ing bids:
Price
£ j Bidder
Bell, Gouinlock & Co.
Bid V
' >■
99.60
Denton
Bonds
99.13
99.02
-
$40,000
school
bonds
purchased recently by the
Royal Bank of Canada,
treal, at
next
98.00
^.
Purchased—The
.
semi-annual,
were
99.29
highest
Gouinlock
of Mon¬
The
price of 99 64.
a
bidder
&
Bell,
was
Co., at
price pf
a
St. Catharines, Ont.
j Bonds Purchased—An issue of
improvement bonds amounting to
$108,332.05 ' wak
of
purchased
on
Sept. 17 by Wood, Gundy & Co.,
of
Toronto,
2V2S,
as
at a price of
basis of about 2.275%;
a
due
are
on
Sept. 15,
1946 to 1955,
bonds
park
Election—At the
$800,000,
"
of
Oct. 16,
on
to the chartered banks
These bonds
Wash.
An
memorial
construction
DIVIDEND NOTICE
A. HOLLANDER & SON, INC.
not
are
COMMON DIVIDEND
election
13, an issue of
to
share
exceeding 2% will
due
on
Jan.
1,
■
,
• -v
Newburger & Hano
on
These
fol¬
declared
'
on
$19,000
of
record
-in Common
of
the
clared
to
•—
Checks
,
mailed.
17,; 1945 to
close
v
5% payable
dividend
cash
of
1945.
lieu
customarily
has also been de¬
payable
December 17, 1945
on
and
on
record
December 5,
at
the close
*-•
-
'
22, 1945
of
1945.
:
Certificates of Stock will
*.
Newark, N. J.'
October
per
been
heretofore,
stockholders of
business
has
Stock of the Company in
extra
declared
\
25c
outstanding
the
at
December 5,
AN EXTRA DIVIDEND of
;
>
December
payable
stockholders
of
all
stock
common
as
$22,000 in 1958, $23,000 in
1959 to 1961, $24,000 in 1962 and
1963, $25,000 - in 1964 and 1965,
$26,000 in 1966 and 1967, $27,000
in 1968 and 1969, $28,000 in 1970
and 1971, $29,000 in 1972, $30,000
in 1973 and 1974, $31,000 in 1975
and
1976, $32,000 in 1977, and
$34,000 in 1978 and 1979.
1957,
dividend
A
bonds amounting
in 1948, $18,000 in
1949, $19,000 in 1950 to 1952, $20,000 in
1953, $21,000 in 1954 to
lows:
•
are
deposit certificates amounting to
business
•
bonds,
certificates
Canada (P. O. Ottawa), Canada
Wood County (P. O. Parkersburg),
W. Virginia
bonds
•
chartered
These
March 19, 1946.
101.16,
be submitted to the voters.
'
the
to
0.75%.
Planned—The
following bonds amounting to $8,000,000 may be submitted to the
voters at an election to be held
to be held on Nov.
•
Ottawa), Canada
vember election.
Price $5 Per Share
'•
:|||
ONTARIO
Canada (P. O.
amounting to $200,000 will be sub¬
mitted to the voters at the No¬
't/V*
obtainable from only such of the ;
* ,
undersigned as may legally offer these securities in compliance with the securities laws of the respective States, j
:'-V/.f
are
99.60.
Bond
'
debentures
dated June 1, 1945.
WEST VIRGINIA
are
as
1951,
'Seattle, Wash.
; vj
:
1,
in
*
3%
bonds.;
(Par Value $5 Per Share)
•
$2,266,000
$2,329,000 in 1952.
7,423,000 3%. Due June 1, as follows: $2,400,000 in 1953," $2,f 474,000 in 1954, and $2,549,000
ij? f/. jfj 1955
vV*
*
'v..
^
Mills, Spence & Co.
WASHINGTON
of
and
.-100.159
$250,000, iy4s
Convertible Preferred Stock
•
'•> *
2%%. Due June
<
Anderson & Co.
,
Majestic Radio & Television Corporation
24
Fairclough & Co,
veterans
,
Oct.
on
refunding; debentures
follows:
as
Peoples National Bank,
Charlottesville, jointly,
Walla Walla,
Copies^ of ■the Prospectus
States
$26,093,000
Kean, Taylor & Co.," and
$3,000,000
300,000 Shares
.
composed of
Corp., Harriman
Ripley & Co., Inc., Smith, Barney
& Co., Halsey, Stuart & Co., Wood,
Gundy & Co., Dominion Securi¬
ties Corp., A. E. Ames & Co., McLeod, Young, Weir,' Inc., and Otis
& Co., made public offering in
Burns Bros.
5,000,000 sewer bonds.
;
United
in
the First Boston
Hemphill, Noyes & Co.,
in
"
Va.
improvement of 1945 bonds award¬
ed on Oct. 15 to Harriman Ripley
& Co., Inc., and B. J. Van Ingen
& Co., of New York, jointly, as
1.20s, at a price of 100.109, a basis
of about 1.189%—V. 162, p. 1943
—also received the following bid:
know the le¬
and legal limitations
powers
new issue v:;
,
of)
Offered
April 16,1946.
VIRGINIA
Danville,
Codification of local finance laws
fdvertisement appears as a matter of record only and is neither an offer
to sell nor a solicitation
of offers to buy any of these-securities*
II
(Province
Debentures
/
of
Publication
and
all
local
governments,
counties,, cities, towns, boroughs,
schools and their state officials is
recom¬
appropriated
der said that "it is
is
It
tween
funds
be
Congress "to plan
the
\
;;
,
*
,
ficers know what is happening in
"the
planning work to complete
mended
construction
system.
M
yy yy yy y -.;> 'yy yj .-xi ?:
Additional
system of the Texas Public
and
yet.
plement private construction."
in
purchase
rado
a
indus¬
out,
that present price levels
salaries,
wages,
materials,
supplies and equipment will de¬
cline, the Association said. They
are just as likely to stay at pres¬
ent price levels or to go higher
works programs as needed to sup¬
of the Lower Colo¬
of
construction
budget
purposes
for
preparations for enlarged public
water
000,000 for primary Federal-aid
highways, $150,000,000 for second¬
ary and feeder roads, and $125,000,000 for highways , in urban
facilities
new
must not assume for
city
some
be
of properties
Utilities
the
is
there
and
require annual appropriations for
operating costs as well as debt
charges or the raising of capital
funds from current tax levies.
A
be
the
to
$400,000
the
■
until
However, he pointed
City Coun¬
submit to
for
in
Federal
election
an
issue
an
revenue
postponed
structures
new
ously compete with private indus¬
try for critical materials will
Texas
»,
dollar for dollar.
Alberta
Fiscal officers were reminded that
types of construction which seri¬
at
State
peace-time. Users of \ the data,
for however, who believe that the
principal and interest for 10, 20 publication of these tables should
or 30 years.
Consideration of op¬ be continued are invited to write
erating costs as well as debt to the Public Roads Administra¬
the importance of
charges was pointed out as im¬ tion stating
portant for the transition period. their use of the information.
.
Election Held 4r The
has approved the three-year
$3,000,000,000 Federal-State high¬
way construction program which
will begin immediately, with the
President's signature not required.
The program provides for a Fed¬
eral outlay of $500,000,000 a year
for the next three years to match
budgetary obligation
fixed
a
Reconversion
ALBERTA
struction Measure Ratified—Con¬
inflexible since they create
more
Plan¬
Works
Public
Emphasized
CANADA
Con¬
Gasoline Tax
request the City Commission to cers Association to make long Data
Discontinued—The
Public
call an election on the same date term financial commitments care¬ Roads Administration of the Fed¬
to vote an issue of construction
Works
Agency
announces
fully during the period of transi¬ eral
bonds amounting to $475,000.
tion from war to peace.
They that it is discontinuing publica¬
were urged to examine the finan¬
tion of certain statistical tabula¬
Winnsboro, Texas
tions on motor fuel consumption
y Bonds Voted — The following cial, service and physical needs of
their communities before under¬ and taxation. The PRA will con¬
bonds amounting to $150,000 were
taking long term, inflexible ob¬ tinue to collect and assemble such
favorably voted at the election
ligations b,y the sale of bonds, data which will be available in
held on Sept. 29:
construction
of
improvements, the Washington office. It is the
$30,000 water improvement bonds.
new or extended services, accept¬
opinion of the Administration that
70,000 sewer system bonds.
ance of real estate subdivisions, or
the number of users of this in¬
50,000 street improvement bonds.
formation and the
urgency
of
adjustments of compensation.
UNITED STATES
Fiscal officers were reminded their needs for it* will not justify
that
bond issues make
budgets continued monthly publication in
-
Bond
Highway
Aid
sug¬
>■;,'.• -v
gress
Finance Offi¬
the Municipal
by
bidder
lowing bonds amounting to $385,000, were submitted to the voters
FinancialCommitments
Make
of the junior col¬
of
date
.
Local Fiscal Officers Warned to
election'; to - be held ori Npy.{ 13
delivery, the works. He said that "the Gov¬
may withdraw ernment will resume construction
his bid and recover his good faith of those
urgent projects which
check, upon making written^ re¬ have been deferred because of the
quest to the Mayor and City Coun- war, and will initiate such new
cil., Enclose a certified check for projects as have the greatest need
2% of the par value of the bonds, and economic return."
payable to Otis Massey, Mayor.
Mr. Snyder, former St, Louis
banker,
said that
"in; general,
Jasper, Texas
successful
.
of
issue
.
$500,000 will
be submitted to the voters at the
fice's
bonds change
opening of the bidg and
An
bonds amounting to
Federal
Tax status of these
—
amounting to $75,000 will
submitted to the voters at the
ning
Income
also
expenditures for highways
It also provides
funds."
Reconversion
Director for a Federal outlay of $87,250,be
Snyder said that "State and local 000 annually over the same pe¬
election to be held on Nov. 3, as
governments will be encouraged riod for construction of roads and
the City's share of a
$250,000 to undertake public works of the trails in forests, parks and Indian
street improvement program.
lands.
same type as the Federal Govern¬
'S
ment^ AbOut $1,000,000,000 in such
The annual outlay to States is
Tyler, Texas
Bond
Election —An
issue of projects could be started in the divided into three groups: $225,Election
Bond
within approxi¬
The City agrees
the
■
:
is
■,
bonds
Charter, Article 4, Section 1. De¬
livery of bonds
mately 35 days.
r
'
,
Federal
public works to
be spread over several years, the
report to Congress said. These ininclude
reclamation, flood con¬
trol, and others. This is exclusive
of | the. authorized highway pro¬
gram, still * requiring appropria¬
tions "which
provides- for some
$500,000,000 a year forthree years
to be matched by State and local
city hall and auditorium
bonds,.
V
activities
their
on
gested. ' ;.:s ,y.;X-
-
The Government now has plans
70,000
for the support
tion- $1,000.
'
*
•
large shelf of projects
be started whenever
for $1.5 billion in
plant
disposal
sewage
bonds.
a
can
the need arises."
16:
Oct.
on
75,000
>/
.
500,000 storm sewer bonds. Due
*$20,000 Dec. 1, 1946 to 1970.
The
—
■p.'WV"
$40,000 water system bonds.
15,000 street bonds,
held
U\,<> v\.
$1,000,000 sanitary sewage disposal system bonds. Due $40,>000 Dec. 1, 1946 to 1970.
which
following
bonds amounting to $200,000 were
favorably voted at the election
Voted
Bonds
,
'
there be
Pleasant, Texas
Mount
Houston, Texas
Monday, October 29, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
207^
be
-
-
Albert J. Feldman
.
v
Secretary
@FedFRASER